Document:

Ex-10.2

Exhibit 10.2

SEPARATION AGREEMENT

     THIS AGREEMENT (this “Agreement”) is made and entered into as of the 25th day of
September, 2008, by and among PET DRX CORPORATION, a Delaware corporation (“Pet DRx”), XLNT
VETERINARY CARE, INC. (“XLNT,” and collectively, Pet DRx and XLNT are referred to as the
“Company”), and ROBERT WALLACE (“Executive”).

BACKGROUND

     Executive was employed by the Company through September 25, 2008, and was a party to that
certain employment agreement dated July 25, 2007 between Executive and XLNT (the “Employment
Agreement”). Effective September 25, 2008, Executive
voluntary resigned. As of September 25, 2008, Executive also resigned from all positions he held with the Company, including his position
as a member of the Boards of Directors of the Company. The Company has accepted Executive’s
resignation and waived the requirement of thirty (30) days’ advance notice. In connection with
Executive’s termination of employment and the execution of this Agreement, the Company agrees to
provide Executive with the payments and benefits described in Exhibit A to this Agreement
and the parties desire that Executive shall serve as a consultant to Pet DRx for a ninety (90) day
term, commencing September 25, 2008, pursuant to the Consulting Agreement attached as Exhibit
B to this Agreement (the “Consulting Agreement”).

AGREEMENT

      In consideration for the mutual promises contained in this Agreement, the Company
and Executive agree as follows:

1. Employment Termination.

     (a) General Terms. The Company and Executive agree that:

          (1) Executive ceased to be the Chief Executive Officer of Pet DRx as of September 25, 2008;

          (2) Executive’s last day of employment with the Company was September 25, 2008 (the
“Resignation Date”); and

          (3) Executive hereby resigns, effective as of the date he signs this Agreement, as a member of
the Board of Directors of the Company, and from any and all titles and positions with the Company.
Executive agrees to tender and memorialize his resignation from any and all such positions in any
other manner and form as Pet DRx may reasonably request.

     (b) Satisfaction of Obligations. The payments, benefits and other consideration
provided by the Company under this Agreement are in full and final satisfaction of all obligations
that the Company has to Executive. Without limiting the foregoing, these payments and benefits
replace any and all obligations of the Company under any and all letters, agreements,
understandings, plans and policies, relating to Executive’s employment, service as a director, and
severance. Executive agrees that the payments and benefits described in Exhibit A

 

 

and the Consulting Agreement attached as Exhibit B are adequate consideration for (i) the
agreements he makes in this Agreement, and (ii) the releases he gives pursuant to this Agreement.

     (c) No Other Payments or Benefits. Executive shall not be eligible for, and he will
not receive, any payments or benefits from the Company, or under any plan, agreement, or
arrangement in which Executive or the Company are a party or participate which are not expressly
set forth in this Agreement.

2. Payments and Benefits Following Executive’s Resignation Date.

     (a) General Conditions. The Company shall provide to Executive the payments and
benefits described in Exhibit A to this Agreement and under the Consulting Agreement when
required by Exhibit A and the Consulting Agreement, respectively. This Agreement shall
become effective as of September 25, 2008 (the “Effective Date”).

     (b) Taxes. Executive is solely responsible for paying any and all taxes he owes on
amounts he receives or that are paid on his behalf under the terms of this Agreement. The
preceding provision does not, and shall not be construed to make Executive responsible for taxes
that are imposed on any person or entity other than himself. The Company will withhold all taxes
that it determines are legally required to be withheld.

3. Cooperation.

     (a) Transition. Executive shall cooperate with the Company in ensuring an orderly
transition of matters handled by Executive. Executive shall sign any documents and do anything
that is reasonably necessary in the future to implement his agreements in this Agreement.

     (b) Cooperation as a Witness. Executive shall cooperate with the Company as a witness
in all matters about which he has knowledge as a result of his prior positions with the Company if
the Company requests his testimony. To the extent practicable and within the control of the
Company, the Company will use reasonable efforts to schedule the timing of his participation in any
such witness activities in a reasonable manner to take into account his then-current employment,
and will pay the reasonable documented out-of-pocket expenses that the Company pre-approves and
that Executive incurs for travel required by the Company with respect to those activities.

4. General Release of Claims by Executive.

     (a) Release. As a material inducement for the Company to enter into this Agreement,
Executive hereby forever, irrevocably and unconditionally, releases and discharges the Company and
other Released Parties (as defined below) from any and all charges, claims, liabilities,
agreements, damages, causes of action, suits, costs, losses, debts and expenses (including
attorneys’ fees and costs actually incurred) of any nature whatsoever, known or unknown, which he
now has, or claims to have, or which Executive at any time had, or claimed to have, or which
Executive at any time hereafter may have, or claim to have, against the Company, in each case as
to acts or omissions occurring up to and including the date Executive signs his Agreement,
including, without limitation, any claim of breach of fiduciary duty, rights arising out of alleged
violations of any contracts, express or implied, any covenant of good faith and fair dealing,

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express or implied, or any tort, or any legal restrictions on the Company’s right to terminate
employees, or any federal, state or other governmental statute, regulation, or ordinance, except
any claims Executive may have under the Age Discrimination in Employment Act (all such matters
hereby released, collectively referred to as “Claims”).

CIVIL CODE SECTION 1542 WAIVER. As a further consideration and inducement for this Agreement,
Executive hereby waives any and all rights under Section 1542 of the California Civil Code or any
similar state, local, or federal law, statute, rule, order or regulation which the Employee may
have. Section 1542 provides:

“A general release does not extend to claims which the creditor does not know or suspect to exist
in his favor at the time of executing the release, which if known by him must have materially
affected his settlement with the debtor.”

The parties expressly agree that the release in Subsection (a) shall extend and apply to all
unknown, unsuspected and unanticipated injuries and damages as well as those that are now
disclosed.

This release will not apply to any claim for payments or benefits Executive may have under the
terms of this Agreement or the Consulting Agreement, any indemnification or executive insurance
protection rights or benefits that he may have, now or in the future, with regard to his activities
on or before his Resignation Date as an employee, officer, director or committee member for either
of the Company or any Released Party, unpaid claims for benefits, if any, that are payable under
the Company’s group health plan.

     (b) Released Parties. As used in this Agreement, the “Released Parties” are
the Company and all of its related companies, partnerships or joint ventures, including but not
limited to, direct and indirect parent and subsidiary companies, and their predecessors and
successors; and, with regard to each of those entities, except for Executive, all of its past and
present employees, officers, directors, stockholders, owners, representatives, assigns, attorneys,
agents, insurers, employee benefit programs (and the trustees, administrators, fiduciaries and
insurers of these programs) and any other persons acting by, through, under or in concert with any
of the persons or entities listed in this subsection. Executive understands that this release
covers him and anyone who might have a claim through him or because of him, such as a past, current
or future spouse, his family, heirs, executors, representatives, agents and their successors and
assigns.

     (c) No Lawsuits. Executive has not filed or caused to be filed any lawsuit, complaint
or charge with respect to any Claim he is releasing in this Agreement. Executive agrees never to
institute, or participate in any action against any of the Releasees with respect to any Claim
released by this Agreement, except as required by subpoena, court order, or other compulsory
process and except that he may participate in an investigation or proceeding conducted by an agency
of the United States government or of any state. Executive has not assigned or transferred any
Claim he is releasing, nor has he purported to do so. Notwithstanding any language herein to the
contrary, Executive understands that nothing in this Release prohibits Executive from filing or
pursuing a charge of discrimination with the Equal Employment Opportunity Commission (“EEOC”) or a
claim with the National Labor Relations Board (“NLRB”); provided that, by signing this Agreement,
Executive agrees to waive and relinquish any personal or monetary gain that would otherwise result
from such EEOC or NLRB claim.

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5. Release of Claims by the Company.

     (a) The Company’s Release of Claims. The Company hereby irrevocably releases and
discharges Executive from any and all charges, claims, liabilities, agreements, damages, causes of
action, suits, costs, losses, debts and expenses (including attorneys’ fees and costs actually
incurred) of any nature whatsoever, known or unknown, which the Company now has, or claims to have,
or which the Company at any time had, or claimed to have, or which the Company at any time
hereinafter may have, or claim to have, against Executive, in each case as to acts or omissions by
Executive occurring up to the Resignation Date, except for any claim based on breach of fiduciary
duty, duty of loyalty or duty of care, or fraud, theft or intentional misconduct, or any act that
is determined to be a criminal act under any law (the “Company’s Claims”).

     (b) No Lawsuits by the Company. The Company has not filed or caused to be filed any
lawsuit, complaint or charge with respect to any Company’s Claims it is releasing in this
Agreement. The Company agrees never to institute, pursue, or participate in any action against
Executive with respect to any Company’s Claims released by this Agreement, except as required by
subpoena, court order or other compulsory process and except that the Company may participate in an
investigation or proceeding conducted by an agency of the United States Government or of any state.
The Company has not assigned or transferred any Company’s Claim it is releasing, nor has it
purported to do so.

6. Miscellaneous Provisions.

     (a) Binding Agreement. This Agreement is final and binding. Executive has carefully
read and fully understands all of the provisions of this Agreement.

     (b) Entire Agreement. This Agreement and the attached Exhibits form the entire
agreement between the Company and Executive and supersede all other agreements, understandings,
plans or arrangements relating to the subject matter hereof, except that (1) the provisions of
Sections 14, 15, and 16 of the Employment Agreement shall survive Executive’s termination of
employment pursuant to Section 16.8 thereof, and (2) this Agreement does not supersede or affect
the Confidentiality and Assignment of Creative Works Agreement between XLNT and Executive dated
November 9, 2007 or the Consulting Agreement. Executive acknowledges that the Company has made no
representations or promises to Executive, written or oral, other than those in this Agreement.

     (c) Amendment. This Agreement may not be modified, amended, supplemented or
terminated except by a written instrument executed by the parties hereto.

     (d) Assignment. The rights and obligations of the Company under this Agreement shall
inure to the benefit of the Company’s successors and assigns. This Agreement may be assigned by the
Company to an affiliate, to any legal successor to all or a portion of the business of the Company
or an affiliate, or to an entity which purchases assets from either of the Company or an affiliate.
In the event the Company assigns this Agreement as permitted by this Agreement, “the Company” as
defined herein will refer to the assignee. Executive may not assign this Agreement.

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     (e) Waiver. The waiver by the Company of any breach of this Agreement by any party
shall not be effective unless in writing, and no such waiver shall constitute the waiver of the
same or another breach on a subsequent occasion.

     (f) Governing Law and Jurisdiction. This Agreement will be governed by and construed
in accordance with California law.

     (g) Interpretation. Captions and section and subsection headings used herein are
provided for convenience only and are not part of this Agreement and shall not be used in
construing it. Executive acknowledges that this Agreement is not an admission of guilt or
wrongdoing by the Company.

     (h) Blue Penciling. If any court or arbitrator determines that any of the provisions
contained in this Agreement, or any part of it, are unenforceable because of the length of any
period of time, the size of any area or the scope of activities contained in those provision(s),
then that period of time, area or scope will be considered to be adjusted to a period of time, area
or scope which would cure that invalidity, and those provisions in their revised form will then be
enforced to the maximum extent permitted by applicable law.

     (i) Severability. Each of the covenants and agreements hereinabove contained shall be
deemed separate, severable and independent covenants, and in the event that any covenant shall be
declared invalid by any court of competent jurisdiction, such invalidity shall not in any manner
affect or impair the validity or enforceability of any other part or provision of such covenant or
of any other covenant contained herein.

     (j) Expenses. The Company agrees to reimburse Executive for actual out of pocket
legal expenses (not to exceed $5,000.00) incurred by Executive in connection with the review of
this Agreement and any related matters.

     (j) Counterparts. This Agreement may be signed in counterparts, and the signed
counterparts will form a single agreement.

[Signature Page Follows]

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7. Notice and Acknowledgement.

     Executive acknowledges that, before signing this Agreement, he was given a reasonable period
of time in which to consider this Agreement. Executive understands this Agreement and is entering
into it voluntarily without coercion or duress of any kind. Executive further acknowledges that
the Company has encouraged and does encourage him to discuss this Agreement with an attorney before
signing it and that Executive did so to the extent he deemed appropriate.

	 	 	 	 	 
	 	PET DRX CORPORATION

 	 
	Date: ________________ 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	XLNT VETERINARY CARE, INC.

 	 
	Date: _______________ 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	Date: _______________ 	
 	 
	 	ROBERT WALLACE 	 
	 	 	 

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EXHIBIT A

PAYMENTS AND BENEFITS

	1.	 	Desktop Computer. Executive will be permitted to keep the desktop computer the
Company provided for his use, subject to compliance with the Employee Confidentiality and
Assignment of Creative Works Agreement between XLNT and Executive dated November 9, 2007.

	2.	 	Indemnification. The Company shall indemnify Executive in accordance with its
articles of incorporation and bylaws as to acts and omissions of Executive while he was
employed by, or served as, a director of the Company, which acts or omissions shall include
but not be limited to, Executive’s resignation as Chief Executive Officer of Pet DRx and
membership of the Boards of Directors of the Company to the extent he satisfies the terms and
conditions for indemnification established in such articles of incorporation and bylaws.

 

 

EXHIBIT B

CONSULTING AGREEMENT

 

 

INDEPENDENT ADVISOR CONSULTING AGREEMENT

     THIS AGREEMENT (this “Agreement”) is made effective as of the 25th day of September,
2008 (the “Effective Date”), by and among PET DRX CORPORATION, a Delaware Corporation
(“Pet DRx” or the “Company”), and ROBERT WALLACE (the “Advisor”).

BACKGROUND

     The Advisor was employed by the Company through September 25, 2008 (the “Resignation
Date”), and was a party to that certain employment agreement dated July 25, 2007 between the
Company’s wholly owned subsidiary, XLNT Veterinary Care, Inc. and Robert Wallace (the
“Employment Agreement”). Effective September 25, 2008, the Advisor voluntarily resigned
his employment under the Employment Agreement. As of September 25, 2008, the Advisor also resigned
from all positions he held with the Company and its subsidiaries, including his position as a
member of the Board of Directors of the Company. The Company has accepted the Advisor’s resignation
and waived the requirement of thirty (30) days’ advance notice of resignation. The Company and the
Advisor now desire to enter into an agreement pursuant to which the Advisor will provide services
to the Company from and after the Effective Date to ensure a smooth transition, upon the terms set
forth below.

AGREEMENT

     In consideration of the mutual promises contained in this Agreement, the Company and the
Advisor agree as follows:

1. Terms and Conditions of Engagement.

     (a) Engagement. The Advisor shall perform the following consulting and advisory
services for the Company under the direction of the Chairman of the Board of Directors of Pet DRx
(the “Board”) or such person(s) as the Chairman shall designate: (i) assist in
transitioning his prior duties with the Company; (ii) assist in business development activities,
including the potential acquisition of certain veterinary hospitals as described in Section
2(b) of this Agreement and providing full cooperation in the transfer of business development
leads, contacts and related records and files; and (iii) assist in selling and leasing back certain
of its real estate assets as described in Section 2(c) of the Agreement.

     (b) Advisor Relationship. The Advisor is an independent contractor to the Company, not
an employee of the Company. The Advisor is not an agent of the Company and shall have no right to
bind the Company. The Company will report all payments to be made hereunder on Forms 1099 as
payments to the Advisor for independent contracting services, and will not report any payments on
Form W-2 to the Advisor. The Company will not withhold taxes on any payments pursuant to this
Agreement, and the Advisor shall be solely responsible for paying any and all taxes he owes on
amounts he receives under this Agreement. The Advisor shall not be treated for any purposes as an
employee of the Company and shall not be entitled to participate in any employee benefits plans or
programs of the Company. This is a personal services contract for the services of the Advisor. The
Advisor cannot satisfy the terms and conditions of this

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Agreement by making anyone else available to perform his services. The Advisor shall devote
sufficient business time and efforts to the performance of services for the Company to complete the
services within the time frames for completion established by the Company. The Advisor shall use
his best efforts in such endeavors. The Advisor shall also perform his services with a level of
care, skill, and diligence that a prudent professional acting in a like capacity and familiar with
such matters would use.

2. Compensation.

     (a) Monthly Fee. The Company shall pay to the Advisor a total of $25,000 for his
services hereunder for each month of the Term, which shall be paid in substantially equal
installments, not less frequently than monthly, in arrears.

     (b) Success Fee for Acquisition of Target Hospitals. Advisor shall assist the Company
in acquiring the veterinary hospitals listed on the attached Exhibit A (the “Target
Hospitals”). Advisor will be paid a success fee in connection with the acquisition of any Target
Hospital (the “Success Fee”). The Success Fee will be an amount equal to one percent (1%) of the
trailing twelve month revenue of the acquired Target Hospital as of the date of acquisition and
will be payable immediately following the consummation of a Target Hospital acquisition. The
Company will, in its sole discretion, determine whether a Target Hospital continues to be
acceptable to the Company, and shall have no obligation to consummate an acquisition if it deems it
not to be in the best interest of the Company. Advisor shall be eligible for a Success Fee in
connection with any otherwise eligible acquisition of a Target Hospital which is consummated within
ninety (90) days after the date this Agreement is terminated. In no event will Advisor be eligible
for a Success Fee for any Target Hospital acquisition that is consummated more than ninety (90)
days after the date this Agreement is terminated. The Success Fee applies only to the Company’s
acquisition of any Target Hospital indentified on the attached Exhibit A and will not apply to the
consummation of any other veterinary hospital acquisition by the Company, notwithstanding any
involvement of Advisor in such transaction.

     (c) Transaction Fee for Sale-and-Leaseback. Advisor shall assist the Company in
selling and leasing back certain of its real estate assets on terms and conditions acceptable to
the Company in its sole discretion (a “Sale-and-Leaseback”). Advisor will be paid a transaction
fee in connection with the consummation of any Sale-and-Leaseback in which the Advisor was involved
(the “Transaction Fee”). The Transaction Fee will be equal to one percent (1%) of the net proceeds
realized by the Company from the sale of its real estate assets (net of all deal costs, including
but not limited to any broker’s fees or commissions). The Company will, in its sole discretion,
determine whether a proposed Sale-and-Leaseback is acceptable to the Company, and shall have no
obligation to consummate any transaction if it deems it not to be in the best interest of the
Company. Advisor shall be eligible for a Transaction Fee in connection with any otherwise eligible
Sale-and-Leaseback which is consummated within ninety (90) days after the date this Agreement is
terminated. In no event will Advisor be eligible for a Transaction Fee for

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any Sale-and-Leaseback
that is consummated more than ninety (90) days after the date this Agreement is terminated.

     (d) Expenses. The Advisor shall be entitled to be reimbursed in accordance with the
policies of the Company, as adopted and amended from time to time, for all reasonable and necessary
expenses and business travel incurred by the Advisor in connection with the performance of services
hereunder; provided, however, the Advisor shall, as a condition of such reimbursement, submit
verification of the nature and amount of such expenses in accordance with the reimbursement
policies from time to time adopted by the Company.

3. Term. The Term of this Agreement (the “Term”) shall commence as of the
Effective Date and shall terminate automatically on the date that is ninety (90) days following the
Effective Date.

4. Contracts or Other Agreements with Former Employer or Business.

     The Advisor hereby represents and warrants that he is not subject to any employment or
consulting agreement or similar document with a former employer or with any business as to which
the Advisor’s engagement by the Company and provision of services hereunder would be a breach. For
that reason, the Advisor hereby represents and warrants that he is not subject to any agreement
which prohibits the Advisor during a period of time which extends through the Term from any of the
following: (a) providing services for the Company hereunder by this Agreement; (b) competing with,
or in any way participating in a business which includes the Company’ businesses; (c) soliciting
personnel of such former employer or other business to leave such former employer’s employment or
to leave such other business; or (d) soliciting customers of such former employer or other business
on behalf of another business.

5. No Set Off.

     The existence of any claim, demand, action or cause of action by the Advisor against the
Company, or any affiliate, whether predicated upon this Agreement or otherwise, shall not
constitute a defense to the enforcement by the Company of any of its rights hereunder. The
existence of any claim, demand, action or cause of action by the Company or any affiliate against
the Advisor, whether predicated upon this Agreement or otherwise, shall not constitute a defense to
the enforcement by the Advisor of any of the Advisor’s rights hereunder.

6. Notice.

     All notices, requests, demands and other communications required hereunder shall be in writing
and shall be deemed to have been duly given if delivered or if mailed, by United States certified
or registered mail, prepaid to the party to which the same is directed at the following addresses
(or at such other addresses as shall be given in writing by the parties to one another):

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	If to the Company:

	 	Pet DRx Corporation
	 

	 	215 Centerview Drive
	 

	 	Suite 360
	 

	 	Brentwood, TN 37027
	 

	 	Attention: General Counsel
	 
	 	 
	If to the Advisor:

	 	Robert Wallace
	 

	 	15466 Los Gatos Blvd.
	 

	 	Los Gatos, CA 95032

Notices delivered in person shall be effective on the date of delivery. Notices delivered by mail
as aforesaid shall be effective upon the third calendar day subsequent to the postmark date
thereof.

7. Miscellaneous.

     (a) Entire Agreement. This Agreement embodies the entire agreement of the parties
hereto relating to the subject matter hereof and supersedes all oral agreements, and to the extent
inconsistent with the terms hereof, all other written agreements, except that (1) the provisions of
Sections 14, 15, and 16 of the Employment Agreement shall survive the Advisor’s termination of
employment pursuant to Section 16.8 thereof, and (2) this Agreement does not supersede or affect
the Employee Confidentiality and Assignment of Creative Works Agreement between XLNT Veterinary
Care, Inc. and Robert Wallace dated November 9, 2007 or the Separation Agreement.

     (b) Assignment. The rights and obligations of the Company under this Agreement shall
inure to the benefit of the Company’s successors and assigns. This Agreement may be assigned by the
Company to an affiliate, to any legal successor to all or a portion of the business of the Company
or an affiliate, or to an entity which purchases assets from either of the Company or an affiliate.
In the event the Company assigns this Agreement as permitted by this
Agreement and the Advisor remains engaged by the assignee, the “Company” as defined herein
will refer to the assignee. The Advisor may not assign this Agreement.

     (c) Waiver. The waiver by the Company of any breach of this Agreement by any party
shall not be effective unless in writing, and no such waiver shall constitute the waiver of the
same or another breach on a subsequent occasion.

     (d) Governing Law and Jurisdiction. This Agreement shall be governed by and construed
in accordance with the internal laws of the State of California.

     (e) Amendment. This Agreement may not be modified, amended, supplemented or
terminated except by a written instrument executed by the parties hereto.

     (f) Interpretation. Captions and section and subsection headings used herein are
provided for convenience only and are not a part of this Agreement and shall not be used in
construing it.

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     (g) Severability. Each of the covenants and agreements hereinabove contained shall be
deemed separate, severable and independent covenants, and in the event that any covenant shall be
declared invalid by any court of competent jurisdiction, such invalidity shall not in any manner
affect or impair the validity or enforceability of any other part or provision of such covenant or
of any other covenant contained herein.

     (h) Counterparts. This Agreement may be signed in counterparts, and the signed
counterparts will form a single agreement

     IN WITNESS WHEREOF, the Company and the Advisor have each executed and delivered this
Agreement as of the date first shown above.

	 	 	 	 	 
	 	PET DRX CORPORATION

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	
 	 
	 	ROBERT WALLACE 	 
	 	 	 
	 

-vi-<PAGE>

                                                                    Exhibit 10.1

August 29, 2008

Christian Rochet
President & CEO
Mymetics Corporation
Rue de la Colombiere 14
CH 1260 NYON
Switzerland

By email: Christian.rochet@mymetics.com

Dear Christian,

Pursuant to our various discussions, this letter ("Agreement") will serve as a
binding letter of agreement between P.S. StarGames, LLC ("StarGames"), a a
Virginia Limited Liability Company with principal place of business in
Lynnfield, MA, and Mymetics Corporation, a Delaware corporation with principal
place of business in Nyon, Switzerland ("Mymetics" or "Sponsor"), or its
assignee, for certain sponsorship and advertising activities in conjunction with
StarGames' scheduled tennis event featuring world class female and/or male
players who have qualified for the event by winning Grand Slam singles
championships. StarGames understands that Mymetics will make the initial $60,000
payment below since Dream Vaccines Foundation ("DVF") has not yet established a
bank account and that Mymetics intends to assign its sponsorship to another
entity unrelated to Mymetics or DVF that will reimburse Mymetics for the initial
$60,000 payment and assume its rights and obligations under this Agreement. Any
assignment by Mymetics of its rights, obligations or legal responsibilities
under the Agreement shall be made pursuant to Section 1 below. The event will
take place at Madison Square Garden in New York City on March 2, 2009 and a
similar date in future years (hereafter referred to as the "Event").

It is my understanding that we have agreed to the following terms and
conditions:

A. Sponsor will receive the following benefits in conjunction with the Event:

1. Exclusivity: Mymetics will be named the Official Research & Development
sponsor of the Event and have exclusivity in its product category. Subject to
StarGames reason able right of approval, in its sole discretion, Sponsor shall
have the right to replace Mymetics as the corporate sponsor of the Event with
another corporate sponsor on the same terms and conditions as provided for
herein, provided that such replacement sponsor shall not be in conflict with any
other sponsor of Event. Mymetics shall notify StarGames of its intent to involve
a replacement sponsor no later than one hundred twenty days prior to the Event
with the understanding that certain benefits may no longer be available to such
replacement sponsor (i.e. logo on posters, etc.). Following Mymetics
notification of its intention to assign, StarGames shall inform Mymetics in a
reasonable time should it object for any reason to the proposed assignee. Should
Mymetics be unable to assign its rights and obligations under this Agreement to
another entity for whatever reason, including exercise by StarGames of its right
to reasonable right of approval of assignment, Mymetics agrees that it will be
responsible for all rights, obligations and legal responsibilities under the
Agreement for the entire Term, as defined below, of the Agreement.

2. Signage: Sponsor will receive one (1) on-court billboard, on each sideline
(minimum size 3' x 6') with at least one (1) being in television camera range.

3. Program Advertisement: Sponsor will receive one (1) full page color
advertisements in the Event program (artwork to be supplied by Mymetics no later
than forty five days prior to the Event).

4. Advertising Rights: Sponsor shall have the right to promote its association
with the Event in all forms of media; however, there can be no implied
endorsement of any kind of any product or service provided by Sponsor by any
player in the Event without their express written permission which can be
withheld for any reason. All such advertising shall be subject to StarGames
review and approval and shall also include the official name of the Event as

<PAGE>

well as a reference to the Event date and site (Madison Square Garden-The
World's Greatest Arena). Sponsor agrees to promote the Event and their
affiliation with the Event on their website(s) and provide a link to the Event
website.

5. Arena Media: Madison Square Garden offers two (2) forms of arena media, which
shall include exposure for Sponsor. The Hi-definition JumboTron will play
Sponsor's recorded content/TV advertisements throughout the evening including
but not limited to pre-match and post-match. The Hi-definition LED Board will
display Sponsor's name and logo from time to time throughout the Event. All
materials for in arena media shall be supplied by Sponsor at its expense no
later than February 1, 2008 (StarGames to provide all specifications).

6. Concourse Display Area: Sponsor, at its own expense, shall have the right to
up a display booth in the arena concourse for promotional giveaways or displays.
All such materials and displays shall be subject to StarGames' and Madison
Square Garden's review and approval.

7. Promotional Material: Sponsor, at its expense, shall have the right to create
and distribute promotional materials related to the Event. All promotional
material may contain Sponsor logos and details of the match; however, there will
be no implied endorsement of any kind of any products or services of Sponsor by
any players participating in the Event, StarGames or Madison Square Garden
without their express written permission, which can be withheld for any reason.
All such promotional materials shall be subject to StarGames' review and
approval and shall also include the official name of the Event as well as a
reference to the Event date and site (Madison Square Garden-The World's Greatest
Arena).

8. Event Advertising: Sponsor's name and/or logo (as applicable) shall appear in
certain Event promotional and advertising materials as is standard for an
official sponsor of the Event. It is anticipated that there will be an
advertising budget of no less than $500,000 (cash and trade) to support the
Event.

9. Tickets: A total of one-hundred and fifty (150) seats shall be made available
to Sponsor in the 100 level and better with a mix of tickets to be determined by
StarGames in consultation with Sponsor. In this connection, StarGames shall use
commercially reasonable efforts to place all Sponsor tickets in the same area,
provided however, that Sponsor understands that any seats provided to Sponsor in
the front row may not be contiguous to any other seats. Sponsor shall also
receive 25 upper level tickets to be used for charitable give aways.

10. VIP/Hospitality: A VIP hospitality area will be provided to Sponsor for a
client entertainment function/party (food, beverage and decoration to be paid
separately by Sponsor). Sponsor shall provide StarGames at least sixty (60) days
notice of its desire to have a hospitality event on site.

11. Television: The Event will be televised nationally in the United States and
in other parts of the world on a live or tape delayed basis.

B. Sponsorship Cost: The cost to Sponsor for the rights and benefits outlined
herein is $300,000USD which shall be payable in three installments as follows:

*    Twenty percent (20%) or $60,000USD shall be payable on signing this
     Agreement with such payment being made by wire transfer to StarGames'
     account at Bank of America; Account # 47177812 with a routing number of
     026009593.

*    $140,000USD shall be payable on or before December 15, 2008 by wire
     transfer to the above account

*    $100,000 payable on or before February 15, 2009 also by wire transfer to
     the above account.

*    Should the Option to Renewal, as set forth below, be exercised for the 2010
     and/or 2011 Events, the payment schedule shall be identical to that
     outlined above with the understanding that the first payment of $60,000
     shall be due and payable on June 15 in each year.

C. Other:

1. Limit of Liability. Subject to the caveats herinebelow, neither party shall
be liable to the other party for any lost profits or any indirect,
consequential, special, exemplary or incidental damages, whether in contract,
tort or otherwise, arising from or relating to this Agreement and/or the Event.

<PAGE>

2. Assignment. Other than Mymetics right to assign their rights to a substitute
sponsor, as defined above, neither Sponsor nor StarGames shall have the right to
grant sublicenses with respect to this Agreement or to otherwise assign,
alienate, transfer, encumber, or hypothecate any of its rights or obligations
under this Agreement other than as outlined herein without written approval,
such approval to not be unreasonably withheld. Sponsor acknowledges that the
assignment by StarGames of certain obligations to Madison Square Garden or a
broadcast outlet shall not be considered a breach of this Agreement.

3. Severability. If any provision of this Agreement shall be declared illegal,
invalid, void or unenforceable by any judicial or administrative authority, the
validity of any other provision and of the entire Agreement shall not be
affected thereby.

4. Force Mejeure. If StarGames is prevented from performing its obligations
hereunder and the Event cannot, therefore, take place, in whole or in part,
because of an Act of God, national emergency, war, acts of terrorism (or related
security or safety concerns), strike, lockout or other labor disputes or any
other similar or dissimilar cause beyond the reasonable control of StarGames,
StarGames shall have no obligation or liability to Sponsor as a result thereof.
In addition, with respect to any and all rights and services, whether furnished
by StarGames to Sponsor with or without charge, StarGames shall in no event be
liable for a failure to provide such rights or services, or for the acts or
omissions of any person or entity with respect to such rights or services,
resulting from strikes, lockouts or other labor disputes, accidents or any other
causes whatsoever beyond the reasonable control of StarGames. Should the Event
be canceled under the terms of this provision and not rescheduled, StarGames
shall refund to Sponsor any fees already paid to StarGames hereunder.
Notwithstanding anything to the contrary herein, should the Event be canceled
for any reason, StarGames shall have the right to reschedule the Event with all
terms and conditions herein remaining in full force and effect.

5. Insurance. Both StarGames and Sponsor shall each obtain from an insurance
carrier having a rating of at least A- by A.M. Best & Co. or other rating
satisfactory to StarGames, and thereafter maintain, Commercial General Liability
insurance, including product, advertising and contractual liability insurance.
Such insurance coverage shall provide adequate protection for the Sponsor
Indemnities and StarGames Indemnities (as defined below) whom shall be included
as additional insured parties on StarGames' and Sponsor's policies against any
claims, demands, or causes of action and damages, including reasonable
attorney's fees, arising out of any breach of this Agreement or any occurrence
during the Event. Such insurance policy shall not be canceled or materially
changed in form without at least thirty (30) days written notice to the other
party. Each party shall furnish the other with a certificate of such insurance
and endorsements in the form prescribed by StarGames. Such insurance policy or
policies shall provide coverage of no less than three million dollars
($3,000,000) for personal and advertising injury, bodily injury and property
damage arising out of each occurrence.

6. Indemnification.

a. StarGames agrees to indemnify and hold harmless Sponsor and its directors,
officers, shareholders, employees, distributors and/or agents (collectively the
"Sponsor Indemnitees") from any and all claims, demands, costs, causes of
action, suits, judgments, harm, liabilities, losses, expenses and damages
(including attorneys' fees, costs and expert witness fees) actually incurred,
sustained or suffered by any Sponsor Indemnitees arising from the breach of or
non-compliance on the part of StarGames of its representations or warranties set
forth above.

b. Sponsor agrees to indemnify and hold harmless StarGames, and its respective
directors, officers, employees and/or agents, Madison Square Garden, Ivan Lendl
and Billie Jean King (collectively the "StarGames Indemnitees") from any and all
claims, demands, costs, causes of action, suits, judgments, harm, liabilities,
losses, expenses and damages (including attorneys' fees, costs and expert
witness fees) actually incurred, sustained or suffered by any of the StarGames
Indemnitees arising from, or otherwise attributable to: (i) Sponsor's (or its
agents' or representatives') breach of or non-compliance with any of its
representations or warranties set forth above or (ii) any unauthorized use of
any copyright or trademark of any third party in connection with the Event. In
the event of an assignment of this Agreement by Sponsor, subject to Section 1

<PAGE>

above, any assignee of Sponsor shall abide by the terms of this indemnification
without right to alter or amend.

c. The terms of this Section 6 shall survive the termination of this Agreement.

7. Default; Corrective Actions; Termination: Sponsor's and/or StarGames' failure
to fully comply with each provision of this Agreement shall be deemed a default
under the Agreement. The defaulting party will be given notice of such default
by the non-defaulting party within five (5) business days of the discovery of
the default. If the default is curable, the defaulting party shall have ten (10)
days from the date the notice is delivered to cure such default unless such
default is reasonably considered more time sensitive; in which instance the
defaulting party must take corrective action immediately upon notice.

8. Liquidated Damages: Sponsor acknowledges that the obligations of Sponsor to
be rendered hereunder are unique and cannot be timely replaced, and the loss of
the benefits associated with the Sponsor obligations as defined herein will
cause irreparable injury to StarGames or its assigns. Therefore, in the event of
a breach of this Agreement by Sponsor or any assignee pursuant to the terms of
Section 1 above, StarGames shall be entitled, in addition to all other remedies
available to it, to obtain equitable relief by way of temporary and permanent
injunction or otherwise. Provided, however, Stargames will not be entitled to
receive more than $300,000USD in monetary damages.

9. Governing Law and Arbitration. This Agreement shall be governed by and
construed in accordance with the laws of the Commonwealth of Massachusetts
without regard to its principles of conflicts of law. If a dispute arises under
this Agreement which cannot be resolved, the dispute shall be submitted to
arbitration in the Commonwealth of Massachusetts and resolved by a single
arbitrator (who shall be a lawyer admitted for no less than ten years to
practice law in the Commonwealth of Massachusetts) in accordance with the
Commercial Arbitration Rules of the American Arbitration Association located in
Boston, Mass. The arbitration proceeding shall be confidential. Each party is
entitled to depose fact witnesses and any expert witness retained by any other
party, and to conduct other discovery as the arbitrator deems appropriate. The
decision rendered by the arbitrator shall be final, binding and conclusive and
judgment may be entered upon any award by any court of competent jurisdiction.
The arbitrator shall not have the authority to award attorneys' fees,
disbursements or related charges or fees to any party. By way of this section,
all parties waive any objection of any kind to jurisdiction or venue in the
United States of America or the Commonwealth of Massachusetts.

10. Significance of Headings. Section headings are solely for the purpose of
aiding in speedy location of subject matter and are not in any sense to be given
weight in the construction of this Agreement. Accordingly, in case of any
question with respect to the construction of this Agreement, it is to be
construed as though the section headings had been omitted.

11. Entire Agreement. This writing constitutes the entire agreement between the
parties and may not be changed or modified except by a writing signed by the
party or parties to be charged thereby. These terms and conditions supersede any
and all prior agreements and understandings between the parties.

12. Independent Contractor Status. The parties recognize that StarGames is an
independent contractor and not an employee, agent, co-venturer, or
representative of Sponsor. This Agreement does not constitute a partnership or
joint venture between StarGames and Sponsor. Neither party shall have any right
to obligate or bind the other party in any manner whatsoever other than those
rights granted hereunder. Further, nothing contained herein shall be construed
to grant Sponsor any ownership in the Event or any rights to the endorsement of
any player participating in the Event.

13. Notices. All notices or other communications and deliveries required or
permitted under this Agreement, or permitted or desired to be given or made by
any party to the other, shall be in written form and given or made by hand
delivery or by mail (certified or registered, return receipt requested) at or to
the address set forth below. Any notice shall be deemed received on the date
that it is hand delivered, or, in the event such notice is mailed, on the date
which is the earlier of (a) five (5) business days subsequent to the date it is
deposited with the United States Postal Service, or (b) the date of actual
receipt. Notices shall be sent to:

<PAGE>

      To StarGames: 40 Salem Street
                    Lynnfield, MA 01940
                    Attn: Jerry Solomon

      To Mymetics:  Christian Rochet
                    President & CEO
                    Mymetics Corporation
                    Rue de la Colombiere 14
                    CH 1260 NYON
                    Switzerland

In the case of a legal dispute, mediation, arbitration or any other legal
proceeding arising out of this contract and/or any of its provisions, Mymetics
hereby assents to service in the United States via the representative listed
below, with a duplicate copy to be delivered to the addressee listed above:

                    Ernest M. Stern, Esq.
                    Seyfarth Shaw, LLP
                    815 Connecticut Avenue, N.W.
                    Suite 500
                    Washington, D.C. 20006-4004b

14. Option to Renew. Mymetics or its assignee shall have the option, exercisable
by written notice to StarGames by no later than sixty (60) days following the
2009 Event (the "First Option"), to renew the terms of this Agreement to provide
corporate sponsorship to an event with the same format as the Event, to take
place at Madison Square Garden in New York City in March 2010 (the "2010
Event"). Should Mymetics have assigned its interest in this Agreement, StarGames
shall have the option, exercisable by written notice to assignee within ten (10)
business days of the receipt of the written notice to renew, to decline the
First Option for any reason. Should StarGames exercise its right to decline the
First Option, Mymetics shall have a period of thirty (30) days to identify a
replacement sponsor to serve as assignee of the rights and obligations under the
Agreement as renewed via the First Option. Such assignment shall be subject to
StarGames reason able right of approval, in its sole discretion. StarGames shall
have ten (10) business days to approve such assignment or inform Mymetics of the
declination of the First Option. Should the First Option be exercised by either
Mymetics or an approved assignee, the parties shall have the same rights and
obligations to the 2010 Event as the Event, including a Sponsorship Fee in the
amount of Three Hundred Thousand Dollars ($300,000), which shall be payable as
outlined above.

15. If Mymetics or its assignee exercises the First Option with the approval of
StarGames, Mymetics or assignee shall have the option, exercisable by written
notice to StarGames by no later than sixty (60) days following the 2010 Event
(the "Second Option"), to renew the terms of this Agreement to provide corporate
sponsorship to an event with the same format as the Event, to take place at
Madison Square Garden in New York City in March 2011 (the "2011 Event"). Should
Mymetics have assigned its interest in this Agreement, StarGames shall have the
option, exercisable by written notice to assignee within ten (10) business days
of the receipt of the written notice to renew, to decline the Second Option for
any reason. Should StarGames exercise its right to decline the Second Option,
Mymetics shall have a period of thirty (30) days to identify a replacement
sponsor to serve as assignee of the rights and obligations under the Agreement
as renewed via the Second Option. Such assignment shall be subject to StarGames
reason able right of approval, in its sole discretion. StarGames shall have ten
(10) business days to approve such assignment or inform Mymetics of the
declination of the Second Option. Should the Second Option be exercised by
either Mymetics or an approved assignee, the parties shall have the same rights
and obligations to the 2011 Event as the 2010 Event, including a Sponsorship Fee
in the amount of Three Hundred Thousand Dollars ($300,000), which shall be
payable as outlined above.

16. Confidentiality. It is agreed that the financial terms and conditions of
this Agreement are confidential and, therefore, shall not, except as may be
necessary to comply with any applicable law or court order, be made available to
any third parties (other than agents, partners, counsel, or accountants of the
parties) without the prior written consent of either written consent of the

<PAGE>

other party.

This Agreement shall serve as a binding agreement between the parties. If you
agree that this Agreement accurately summarizes the terms of our understanding
please so indicate by signing in the space provided for below and returning a
copy to me for execution. On behalf of StarGames, I am looking forward to
working with you. If you have any questions on the above, please give me a call
at your earliest convenience.

Regards,

Jerry Solomon
President, StarGames

ACCEPTED AND AGREED:

------------------------------------
Mymetics
Christian Rochet, President & CEO
Rue de la Colombiere 14
CH 1260 NYON

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