Document:

EMPLOYMENT
      AGREEMENT

    

    This
      Employment Agreement (this "Agreement") is made and entered into effective
      as of
      the 13th day of December, 2007 (the “Effective Date”), by and between
DIET
      COFFEE, INC.,
      a
      Delaware corporation (hereafter referred to as the "Company"), and ADAM
      ENGEL (hereafter
      referred to as “Executive”). The Company and Executive may sometimes hereafter
      be referred to singularly as a “Party” or collectively as the
“Parties.”

    

    W
      I T N E S S E T H:

    

    1.
      Employment and Duties of Executive

    

    On
      the
      terms and subject to the conditions hereinafter set forth, and beginning as
      of
      the Effective Date, the Company employs Executive as its President, Chief
      Executive Officer, Chief Financial Officer, Treasurer and Secretary and the
      Executive will serve as the Company’s employee in that position. Executive shall
      also have such additional powers, authority, functions, duties, and
      responsibilities as may be reasonably assigned to him, from time to time, by
      the
      Board of Directors of the Company (the “Board”). 

    

    2.
      Place of Employment

    

    The
      required duties of Executive under this Agreement shall be performed by
      Executive at the Company’s current offices in the New York, New York and in New
      Jersey after expiration of the current lease, and in such other place or places
      to which Company may, from time to time, request Executive to travel in
      connection with Executive’s duties under this Agreement. 

    

    3.
      Time to be Devoted to Contractual Duties of Executive

    

    Executive
      shall give his best efforts and endeavors, on a full time basis, to the
      discharge of his duties under this Agreement and shall not, at any time during
      the Term (as defined in Agreement Paragraph 4), engage in any business activity
      other than the business activities permitted or required hereunder, or enter
      into the services of or be employed in any capacity or for any purpose by any
      individual, firm, association, organization, partnership (general or limited),
      corporation, limited liability company, or other party or legal entity other
      than the Company (or any affiliate of the Company), on a fee or salary or other
      compensatory basis, it being the intention of the Company and Executive that
      the
      capacity in which Executive is hired by the Company under this Agreement
      represents a full-time duty and responsibility. The foregoing shall not be
      interpreted to (a) prohibit Executive from engaging in recreational, charitable,
      religious, or community service activities outside the scope of Executive’s
      employment under this Agreement, or from making passive investments in
      businesses or enterprises, (b) prohibit Executive from holding stock or other
      equity interests in a publicly traded entity (even if such entity is competitive
      with the Company so long as such ownership does not exceed one percent (1%));
      or
      (c) prohibit Executive from taking part in a real estate ventures, so long
      as:
      (i) such activities or investments, individually or in the aggregate, do not
      interfere or require services on the part of Executive that interfere with
      Executive’s performance of his duties and obligations under this Agreement; (ii)
      such activities or investments do not involve or relate to any activities or
      business in competition with the business of the Company or any affiliates
      of
      the Company (except as provided in item (b) above), and (iii) Executive has
      complied with Paragraph 10 of this Agreement with respect to each such activity
      and investment.

    

    
      
         

      

      
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    4.
      Term of Employment

    

    The
      term
      of the Company’s employment of Executive shall be for a period of three (3)
      years from the Effective Date (such period being referred to as the “Initial
      Term”). After the expiration of the Initial Term, the employment of Executive
      shall continue for successive three (3) month periods. The Initial Term
plus
      any
      period or periods of time during which the employment of Executive continues
      with the Company after the expiration of the Initial Term is sometimes referred
      to as the “Term.”

    

    5.
      Compensation of Executive

    

    A. (1) As
      compensation for the services and duties performed and to be performed by
      Executive as provided in this Agreement, the Company agrees to pay Executive
      a
      salary in the amount of ONE HUNDRED TWENTY THOUSAND DOLLARS ($120,000) per
      annum
      (“Base Salary”), less applicable withholding, F.I.C.A., and other lawful
      deductions, such salary to be payable semi-monthly, in equal installments,
      in
      arrears, and otherwise in accordance with the Company’s payroll policies in
      effect from time to time. The Board will review Executive's compensation
      annually to consider possible upward adjustments (it being agreed that the
      base
      salary shall not be reduced during the Initial Term).

     

    (2) The
      Company may pay all or part of the Executive’s Base Salary in shares
(the
      “Shares”) of the Company’s Common Stock
      on the
      terms and conditions set forth herein. The number of Shares to be issued shall
      be calculated by dividing the amount of the Fee due and owing by the average
      of
      the Per Share Market Values during the three (3) Trading Days immediately
      preceding the date on which the payment is due. The Shares shall be issued
      in
      the form of a stock award under the Company’s 2007 Stock Incentive Plan No. 2
      (or successor plan) and will be registered as set forth under Section 5.A.(3)
      below; provided,
      however,
      that
      Consultant shall have established and adopted a Rule 10b5-1 sales agreement
      and
      plan in relation to the sale of such shares in substantially the form attached
      hereto as Exhibit
      “B”
      and
      shall sell the shares pursuant to the 10b5-1 plan. For the purposes of this
      Section 5.A.(2), “Per
      Share Market Value”
means
      on any particular date (a) the closing bid price per share of Common Stock
      on
      such date on the OTC Bulletin Board or on such subsequent market on which the
      shares of Common Stock are then listed or quoted, or if there is no such price
      on such date, then the closing bid price on the OTC Bulletin Board or on such
      subsequent market on the date nearest preceding such date, or (b) if the shares
      of Common Stock are not then listed or quoted on the OTC Bulletin Board or
      a
      subsequent Market, the closing bid price for a share of Common Stock in the
      over-the-counter market, as reported by the National Quotation Bureau
      Incorporated or similar organization or agency succeeding to its functions
      of
      reporting prices) at the close of business on such date, or (c) if the shares
      of
      Common Stock are not then reported by the National Quotation Bureau Incorporated
      (or similar organization or agency succeeding to its functions of reporting
      prices), then the average of the “Pink Sheet” quotes for the relevant payment
      period, as determined in good faith by the Company.

     

    
      
         

      

      
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    (3) As
      soon
      as practicable, following the execution of this Agreement, the Company will
      set
      aside, out of its existing stock compensation plan(s), the Shares and register
      such Shares on a Form S-8 or other applicable registration statement, which
      the
      Company agrees to file, if not already filed, with the Securities and Exchange
      Commission (the “Commission”) as soon as practicable after the date
      hereof.

     

    (4) In
      the
      event that this Agreement is terminated for “cause” (as defined in Section
      7.A.(b)), the Company shall have the right, but not the obligation, to rescind
      the issuance of the Shares and place a stop-transfer order with the Company’s
      transfer agent with respect to the certificate representing the Shares. In
      the
      event that Executive has disposed of any of the Shares prior to such termination
      for “cause,” the Executive shall purchase in the open market the number of
      shares of the Company’s common stock so disposed and return such shares to the
      Company, along with any Shares not so disposed, for cancellation.

     

    B. Executive
      may also receive bonuses, from time to time, in the discretion of the Board,
      depending upon Executive’s performance and achievement of specific goals, and
      upon the profitability of the Company, which bonuses may be payable in cash,
      options, and common stock, in the discretion of the Board. 

    

    C. (1)
      On or
      as soon as practicable after the date of this Agreement, the Company’s Board of
      Directors shall grant
      Executive options to purchase a total of 3,600,000 shares of Company’s Common
      Stock (the “Options”), with an exercise price of $.01(which price shall not be
      less than 85% of the Fair Market Value (as defined in the Plan)) of the
      Company’s Common Stock on the date of grant. The Options shall be granted under
      the Company’s 2007 Stock Incentive Plan No. 2 (the “Plan”) and shall be subject
      to the terms and conditions of the Plan. In the event that any provision of
      this
      Agreement respecting the Options shall conflict with the terms of the Plan,
      however, the terms of this Agreement shall control. The Options shall be
      incentive stock options, within the meaning of Section 422 of the Internal
      Revenue Code of 1986, as amended (the “Code”), to the extent permitted by law,
      and shall have a 5-year term. The Options shall become vested and exercisable
      over a 3-year schedule, with 100,000 shares vesting during each month of the
      Executive’s employment provided that the Executive remains in the employ of the
      Company continuously through the applicable vesting date; provided, however,
      that the Options shall vest immediately upon a Change of Control (as defined
      below) of the Company.

    

    (2) For
      purposes of this Agreement, “Change in Control” means the occurrence of any of
      the following after the date of this Agreement with respect to the Company:
      (A)
      the acquisition (other than from the Company) in one or a series of transactions
      by any Person, as defined in this Section 5.D.(2), of the beneficial ownership
      (within the meaning of Rule 13d-3 promulgated under the Securities Exchange
      Act
      of 1934, as amended) of 40% or more of (1) the then outstanding shares of the
      securities of the Company, or (2) the combined voting power of the then
      outstanding securities of the Company entitled to vote generally in the election
      of directors (the “Company Voting Stock”); (B) the closing of a sale or other
      conveyance of all or substantially all of the assets of the Company; (C) the
      effective time of any merger, share exchange, consolidation, or other business
      combination of the Company if immediately after such transaction persons who
      hold a majority of the outstanding voting securities entitled to vote generally
      in the election of directors of the surviving entity (or the entity owning
      100%
      of such surviving entity) are not persons who, immediately prior to such
      transaction, held the Company Voting Stock; or (D) the execution and delivery
      by
      the Company of an agreement providing for any of the transactions described
      in
      paragraphs (A), (B) or (C) of this Section 5.C.(2), provided that such
      transaction does in fact occur. For purposes of this Section 5.C.(2) a “Person”
means any individual, entity or group within the meaning of Section 13(d)(3)
      or
      14(d)(2) of the Securities Exchange Act of 1934, as amended, other than:
      employee benefit plans sponsored or maintained by the Company and corporations
      or other entities controlled by the Company.

    

    
      
         

      

      
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    D. Executive
      shall be authorized to incur, and shall be entitled to receive prompt
      reimbursement for, all reasonable expenses incurred by Executive in (i) setting
      up the Company’s office in its New Jersey location upon expiration of the lease
      for the New York office and (ii) performing his duties and carrying out the
      responsibilities hereunder, including business meals, entertainment, and travel
      expenses, provided that Executive complies with all of the applicable policies,
      practices and procedures of the Company related to the submission of expense
      reports, receipts, or similar documentation of those expenses. The Company
      shall
      either pay directly, or reimburse Executive for such expenses in accordance
      with
      Company policies.

    

    E. In
      addition to the amounts set forth above, Executive shall have the option to
      participate in any salary deferral, 401(k), SEP, or savings plan or other
      similar plan which the Company or its successors or assigns makes available
      to
      its employees. Executive shall be required to comply with the conditions
      attendant to coverage by such plans and shall comply with and be entitled to
      benefits only in accordance with the terms and conditions of such plans as
      they
      may be amended from time to time.

    

    F. During
      the Term, Executive shall be entitled to four (4) weeks of annual vacation
      time
      per calendar year determined in accordance with the vacation policies of the
      Company from time to time in effect. To the extent that Executive does not
      utilize the full amount of vacation time allotted in any given calendar year,
      Executive will receive a cash payment within 30 days of the end of such calendar
      year for any used vacation time. Such cash payment will be calculated based
      upon
      Executive’s Base Salary for the calendar year in which such unused vacation time
      occurred.

    

    G. No
      additional compensation (above the compensation referred to in this
      Paragraph 5) shall be due or payable by Company to Executive under this
      Agreement, but nothing in this Agreement shall prohibit the Company from paying
      Executive any additional amount as a bonus or otherwise, as the Company may
      determine from time to time.

    

    6.
       Covenants,
      Representations, and Warranties of Executive

    

    A. Executive
      covenants, agrees, and promises that during the Term: (a) except as
      permitted under this Agreement, Executive will not engage, directly or
      indirectly, in any business other than the business of the Company, except
      at
      the direction of or with the prior written approval of the Company;
      (b) Executive will truthfully and accurately make, maintain, and preserve
      all records and reports that the Company may from time to time request or
      require; (c) Executive will fully account for all money, records, goods, wares,
      merchandise, and other property belonging to the Company and/or to the Company’s
      clients of which Executive has custody, and will pay over and/or deliver same
      promptly whenever and however Executive may be directed to do so;
      (d) Executive
      will (i) make reasonable efforts to obey all rules, regulations, and special
      instructions applicable to him and (ii) be loyal and faithful to the Company
      at
      all times; and (e) Executive agrees that upon termination of his employment
      under this Agreement for any reason he will immediately surrender and turn
      over
      to the Company all books, records, forms, mailing lists, client lists, potential
      client lists, specifications, formulae, data, processes, papers, and writings
      related to the Company’s business and all other property belonging to the
      Company together with, except as hereinafter set forth, all copies of the items
      mentioned in this Agreement Paragraph 6.A., it being understood and agreed
      that
      the same are the Company’s sole property.

    

    
      
         

      

      
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    B. Executive
      hereby represents and warrants to Company that (a) Executive is experienced
      in
      the subject matter of this Agreement and fully competent to exercise and
      discharge his duties and obligations under this Agreement, and (b) the execution
      of this Agreement by Executive does not violate the terms or conditions of
      any
      prior employment agreements to which Executive has been a party, and at the
      time
      of execution of this Agreement, Executive is not a party to any other employment
      or consulting agreement and any other employment agreement between the
      Executive, on the one hand, and the Company (and/or its affiliates), is
      terminated and the Company (and/or its affiliates) is (are) released from all
      obligations thereunder.

    

    7.
      Termination

    

    A. The
      employment of Executive may be terminated upon the occurrence of any one of
      the
      following events:

    

    (a) Business
      Reason.
      The
      Company may, at its election, and for any reason (i.e., any lawful reason other
      than Cause) and effective immediately (or such longer period as determined
      by
      the Company in its sole discretion), terminate Executive’s employment upon
      written notice to Executive. Executive, effective no less than thirty (30)
      days
      after written notice thereof to the Company, may resign his employment with
      the
      Company. A
      resignation for “Good Reason” shall mean a resignation of your employment within
      sixty (60) days of the occurrence of any of the following events: (i) without
      your written consent, a material reduction of your duties, position or
      responsibilities; (ii) without your written consent, a significant reduction
      by
      the Company in your base salary as in effect immediately prior to such
      reduction; or (iii) without your written consent, a requirement that you
      relocate your office to a location more than seventy (70) miles from its
      then-current location. A resignation of your employment for any other reason
      or
      in any other circumstances will be a resignation “Without Good
      Reason.”

    

    
      
         

      

      
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    (b) With
      Cause.
      The
      Company may, upon written notice effective immediately, terminate the employment
      of Executive at any time during the Term for “Cause.” For purposes of this
      Agreement, “Cause” shall mean the following: (i)
      if
      Executive should be convicted of or pleads nolo
      contendre
      to any
      felony offense or to a crime of moral turpitude (whether or not a felony);
      (ii)
if
      Executive should be unable or incapable of performing the essential functions
      of
      his job position for a period of thirty (30) consecutive days in any twelve
      (12)
      month period, or one hundred twenty (120) days during any twelve (12) month
      period, whether or not such days are consecutive (as used herein, “unable or
      incapable of performing essential job functions” shall mean the inability of
      Executive, on account of a mental, physical, or other condition, to perform
      his
      essential job functions as determined by at least two of three medical
      physicians or by agreement of the Company and Executive or his designee (if
      the
      determination is to be made by medical physicians, the Executive or his designee
      shall appoint one such physician, the Company shall appoint one, and the two
      so
      appointed shall appoint the third medical physician)); (iii) if Executive should
      (1) misappropriate funds or property of the Company, or of any affiliate of
      the Company, (2) secure or attempt to secure personally any profit in
      connection with any transaction entered into on behalf of the Company or of
      any
      affiliate of the Company, or (3) make any material misrepresentation to the
      Company or any affiliate of the Company; (iv) if Executive fails to comply
      with
      any of his duties and obligations under this Agreement and such failure
      continues for fifteen (15) days after written notice to Executive from the
      Company of such failure; (v) if
      Executive fails to comply with the Conflict of Interest Guidelines attached
      as
Exhibit “A”
      to this
      Agreement, and such failure continues for five (5) days after notice to
      Executive; (vi) if
      Executive shall give notice of resignation under Paragraph 7.A(a); or (vii)
if
      Executive commits an act involving dishonesty, theft, or conduct that one could
      reasonably expect to impair or injure the reputation of, or harm, the Company
      or
      any affiliate of the Company.

    

    (c) Death
      of Executive.
      This
      Agreement will terminate automatically on the death of the
      Executive.

    

    B. In
      the
      event of the termination of the employment of Executive, Executive shall be
      entitled to compensation under Paragraph 5.A earned by him prior to the
      date of termination as provided herein. Additionally, if during the Initial
      Term, the Executive resigns with good reason or the Company terminates
      Executive’s employment with the Company for any
      reason
      other
      than under Paragraph 7.A(b)(i), 7.A.(b)(iii), 7.A.(b)(iv), 7.A.(b)(v), or
      7.A.(b)(vii) or if during the Initial Term, Executive’s employment with the
      Company is terminated due to Executive’s death under Paragraph 7.A(c), then
      Executive (or his estate, as applicable) shall be entitled to and shall receive,
      as his or its sole and exclusive remedy (Executive hereby waiving all other
      rights or remedies in the event of such a termination), a severance payment
      equal to six (6) months’ of Executive’s base salary (computed using the annual
      compensation then payable to Executive under Paragraph 5.A) for six (6)
      months, which shall be paid monthly following the termination of employment
      for
      the balance of the Initial Term. Additionally, in the event the Company
      terminates Executive’s employment under Paragraph 7.A(a) hereof, the duration of
      Executive’s covenants under Paragraph 10 hereof shall last until the expiration
      of six (6) months from the date of such termination (however, the Company may
      extend the duration of such covenant to up to twelve (12) months from the date
      of such termination by increasing the severance payment payable to Executive
      under the immediately preceding sentence to up to twelve (12) month’s base
      salary - but the Company shall be under no obligation to do so).
      If: (i) Executive resigns from his employment with the Company under
      Paragraph 7.A(a) at any time; or (ii) during the Initial Term, the
      Company terminates the employment of Executive pursuant to Paragraph 7.A(b)(i),
      7.A(b)(iii), 7.A(b)(iv), 7.A(b)(v), 7.A(b)(vi), or 7.A(b)(vii); or
      (iii) subsequent to the Initial Term, the Company terminates the employment
      of Executive pursuant to any provision of Paragraph 7.A(b); or (iv) subsequent
      to the Initial Term, Executive’s employment with the Company is terminated due
      to Executive’s death under Paragraph 7.A(c), then the Company shall have the
      obligation to pay to Executive all amounts earned under Paragraph 5.A prior
      to the termination of employment, but the Company shall have no obligation
      to
      pay Executive any amount otherwise coming due and payable under this Agreement
      after the date of such termination and Executive shall be entitled to no other
      or further compensation as of the date of termination of his employment or
      thereafter. Additionally, if, after the Initial Term, the Company (but
not
      Executive) terminates Executive’s employment under Paragraph 7.A(a) or
      Paragraph 7.A.(b)(ii), Executive shall be entitled, as his sole and exclusive
      remedy (Executive hereby waiving all other rights or remedies in the event
      of
      such a termination) a severance payment equal to six (6) month’s salary (based
      on the annual compensation payable to Executive under Paragraph 5.A), which
      shall be paid monthly for six (6) months following the termination of
      employment; provided, however, if Executive becomes employed or otherwise earns
      income from sources other than the Company during such six (6) month period,
      then the Company’s obligation to pay such severance payment shall be reduced
      dollar for dollar by each dollar received by Executive during such six (6)
      month
      period.

    

    
      
         

      

      
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    C. If
      your employment with the Company is terminated by the Company “Without Cause”
(as defined herein) or if you resign “With Good Reason” you shall be entitled to
      the same level of health (i.e. medical, vision and dental) coverage and benefits
      as in effect for you on the day immediately preceding the day of termination
      of
      employment; provided, however that (A) you constitute a qualified beneficiary,
      as defined in Section 4980B(g)(1) of the Internal Revenue Code of 1986, as
      amended; and (B) you elect continuation coverage pursuant to the Consolidated
      Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), within the time
      period prescribed pursuant to COBRA. The Company shall continue to provide
      you
      with such health coverage until the earlier of (i) the date you are no longer
      eligible to receive continuation coverage pursuant to COBRA, or (ii) twelve
      (12)
      months from the termination date.

    

    8.
      Confidential Information; Ideas

    

    A. 
      The
      Company promises that it will give Executive access to some or all of its
      Confidential Information (as defined in this Paragraph 8.A.) during his
      employment under this Agreement, including, without limitation, certain trade
      secrets, know-how, mailing lists, clients lists, potential client lists,
      employee records, and other sensitive, proprietary, or confidential information
      and knowledge concerning the business of the Company, and/or affiliates of
      the
      Company (hereafter collectively referred to as “Confidential Information”) which
      the Company desires to protect. Executive understands that such Information
      is
      sensitive, proprietary, or confidential, and he agrees that he will not, at
      any
      time (and whether during or after Executive’s employment with the Company),
      reveal such Confidential Information to anyone outside the Company. The term
      “Confidential Information,” as used in this Agreement, shall not include
      information that (a) is already known to Executive from sources other than
      the Company; (b) is or becomes generally available to the public other than
      as a result of a disclosure by Executive; (c) is disclosed to Executive by
      a person or entity who is not bound by any agreement regarding the confidential
      nature of such information; or (d) is required to be disclosed by law or by
      regulatory or judicial process. The provisions of this Paragraph 8 shall survive
      any termination or expiration of this Agreement, and the termination of
      Executive’s employment with the Company (for whatever cause or
      reason).

    

    
      
         

      

      
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    B. Executive
      agrees that all ideas, improvements, inventions, discoveries, systems,
      techniques, formulas, devices, methods, processes, programs, designs, models,
      prototypes, copyrightable works, mask works, trademarks, service marks, trade
      dress, software programs, hardware improvements, business slogans, and other
      things of value conceived, reduced to practice or made or learned by Executive,
      either alone or with others, while employed by the Company and for twelve (12)
      months thereafter that relate to the Company's business and/or the business
      of
      affiliates of the Company (hereinafter collectively referred to as the "Ideas")
      belong to and shall remain the sole and exclusive property of the Company
      forever. Further, Executive agrees to promptly and fully disclose to the
      Company’s President such Ideas in writing. In addition, Executive agrees,
      without additional compensation, to cooperate and do any and all lawful things
      requested by Company necessary or useful to ensure that the ownership by the
      Company of such Ideas is protected. This cooperation includes, but is not
      limited to, executing all documents required by the Company, and otherwise
      assisting Company to vest title of such Ideas in Company and to obtain, maintain
      and enforce for Company’s benefit, any patents, copyrights, mask work
      registration, trade and service mark registrations, or other legal protection
      for any Ideas in any and all countries, during or after employment with Company.
      Executive will continue to assist Company as provided in the preceding sentence
      even after termination of Executive’s employment with Company, but Company shall
      compensate Executive at a reasonable rate after his termination for the time
      actually spent by Executive in response to a written request by Company.
If
      Company is unable for any reason to secure Executive's signature on any document
      needed in connection with the actions specified in the preceding paragraph,
      Executive hereby irrevocably designates and appoints Company and its duly
      authorized officers and agents as Executive's agent and attorney-in-fact to
      act
      for and on Executive's behalf to execute, verify, and file any such documents
      and to do all other lawfully permitted acts to further the purposes of the
      preceding paragraph with the same legal force and effect as if executed by
      Executive. Executive hereby waives and quitclaims to Company any and all claims,
      of whatever nature, which Executive has or may have later for infringement
      of
      any proprietary rights assigned by Executive to Company. Executive hereby
      assigns to the Company all of Executive’s right, title, and interest in and to
      all such Ideas and all patents, trademarks, copyrights, other registrations,
      and
      applications which may be obtained as a result of the Ideas, throughout the
      United States and all foreign countries. Executive agrees that no Ideas shall
      be
      regarded as having been conceived, reduced to practice, made, or learned by
      Executive prior to Executive's employment. Executive's
      obligations under this Agreement shall continue after his termination of
      employment with the Company. This Agreement shall inure to the benefit of
      Company, its successors (including by merger) and assigns, and is binding upon
      the assigns, executors, and administrators and other legal representatives
      of
      Executive.

    

    9.
      Arbitration

    

    A. If
      any
      dispute between the Company and Executive arises out of or is related to this
      Agreement, Executive’s employment, or Executive’s separation from employment
      with Company for any reason, and the parties to this Agreement cannot resolve
      the dispute, the Company and Executive shall submit the dispute to final and
      binding arbitration. The arbitration shall be conducted in accordance with
      the
      American Arbitration Association’s (“AAA”) National Rules for the Resolution of
      Employment Disputes (“Rules”). If the parties cannot agree to an arbitrator, an
      arbitrator will be selected through the AAA’s standard procedures and Rules.
      Company and Executive shall share the costs of arbitration, unless the
      arbitrator rules otherwise. Company and Executive agree that the arbitration
      shall be held in New York, New York. 
      Arbitration of the parties’ disputes is mandatory, and in lieu of any and all
      civil causes of action or lawsuits either party may have against the other
      arising out of or related to this Agreement, Executive’s employment, or
      Executive’s separation from employment with Company, with the exception that
      Company alone may seek a temporary restraining order and temporary injunctive
      relief in a court to enforce the protective covenants as provided in this
      Agreement (Paragraph 10.C). Executive acknowledges that by agreeing to this
      provision, he knowingly
      and voluntarily waives
      any right he may have to a jury trial based on any claims he has, had, or may
      have against the Company,
      including any right to a jury trial under any local, municipal, state or federal
      law including, without limitation, claims under Title VII of the Civil Rights
      Act of 1964, 42 U.S.C. Section 1981, the Americans With Disabilities Act of
      1990, the Age Discrimination In Employment Act of 1967, the Family Medical
      Leave
      Act, the Sarbanes-Oxley Act, the Older Workers Benefit Protection Act, the
      Texas
      Commission on Human Rights Act, claims of harassment, discrimination or wrongful
      termination, and any other statutory or common law claims.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    B. Before
      the arbitration hearing is conducted, the arbitrator shall have the authority
      to
      consider and grant a motion to dismiss and motion for summary judgment by
      applying the standards governing these motions under Federal Rules of Civil
      Procedure 12 and 56. The arbitrator shall issue a written decision and award,
      which shall explain the basis of the decision. The decision and award shall
      be
      exclusive, final, and binding on both Executive and the Company, and all heirs,
      executors, administrators, successors, and assigns. 

    

    C. Both
      Executive and the Company understand that, by agreeing to arbitration, they
      are
      agreeing to substitute one legitimate dispute resolution forum (arbitration)
      for
      another (litigation), and thereby are waiving the right to have disputes
      resolved in court

    

    10.
      Restrictive Covenants

    

    A. As
      an
      inducement for Company’s agreement to employ Executive, to provide Executive
      with trade secrets and other Confidential Information, and to enter into this
      Agreement, Executive hereby agrees that during the Term, and for a period of
      twenty-four (24) full calendar months after (i) the expiration of the Term
      (as
      the same may be extended) or (ii) the termination of Executive’s employment with
      the Company for whatever reason or cause (whichever may occur later), or for
      the
      maximum period of time permitted by law, whichever is less, Executive shall
      not,
      whether for profit or not, whether on his own behalf or on behalf of any person
      or firm in any capacity whatsoever, engage in the "Prohibited Activity" (as
      hereinafter defined) within the "Relevant Geographical Area" (as hereinafter
      defined). Serving as a partner, member, trustee, receiver, custodian, manager,
      stockholder, officer, director, owner, joint venturer, associate, employee,
      consultant, adviser or in any other capacity whatsoever with respect to any
      person or firm engaged in the Prohibited Activity within the Relevant
      Geographical Area shall be conclusively deemed engagement in the Prohibited
      Activity within the Relevant Geographical Area regardless of whether such
      service is for profit or whether such person or firm engages in the Prohibited
      Activity for profit . In this Agreement, the phrase "Prohibited Activity" shall
      mean, directly or indirectly: (i) soliciting the Company’s customers; or (ii)
      working independently or for any person or firm involved in any business engaged
      in by the Company and/or by any of its subsidiaries or affiliates during the
      Term, including, without limitation, steel fabrication. For purposes of this
      Agreement, the phrase "Relevant Geographical Area" shall mean the area within
      political boundaries of the State of New York and any and all other areas in
      which the Company or any of its subsidiaries or affiliates transact business;
      provided, however, if the geographic area defined in this Agreement Paragraph
      10.A. exceeds the maximum geographic area permitted by law or for any other
      reason does not state a geographic area within which the provisions of this
      Paragraph 10 A. are enforceable, then the provisions of this Paragraph 10
      A. shall apply within the maximum geographic area permitted by law in which
      such
      provisions are enforceable.

    

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    B. As
      an
      inducement for Company’s agreement to employ Executive, to provide Executive
      with trade secrets and other Confidential Information, and to enter into this
      Agreement, Executive hereby agrees that during the Term, and for a period of
      twenty-four (24) full calendar months after: (i) the expiration of the Term
      (as
      the same may be extended) or (ii) the termination of Executive’s employment with
      the Company for whatever reason or cause (whichever may occur later), or for
      the
      maximum period of time permitted by law, whichever is less, Executive shall
      not
      induce or attempt to influence or persuade any employee of Company or any of
      its
      affiliates to terminate his employment with the Company (or with the applicable
      affiliate).

    

    C. In
      addition to all other remedies at law and in equity which the Company might
      have
      for Executive’s breach of the covenants set forth in this Paragraph 10, the
      Parties agree that in the event of any breach or attempted or threatened breach
      of any such covenant, the Company shall also have the right to obtain a
      temporary restraining order, temporary injunction and permanent injunction
      against Executive prohibiting such breach or attempted or threatened breach,
      merely by proving the existence of such breach, or attempted or threatened
      breach (by a preponderance of the evidence) and without the necessity of proving
      either inadequacy of legal remedy or irreparable harm.

    

    D. Executive’s
      covenants set forth in this Paragraph 10 are independent and severable from
      every other provision of this Agreement; and the breach of any other provision
      of this Agreement by the Company or any other agreement between Executive and
      the Company shall not affect the validity of the provisions of this Paragraph
      10
      or constitute a defense of Executive in any suit or action brought by the
      Company to enforce the provisions of this Paragraph 10 or to seek any relief
      from Executive’s breach thereof.

    

    E. Each
      of
      the Parties agree and stipulate that: (i) the agreements and covenants not
      to
      compete contained in this Paragraph 10 are fair and reasonable in light of
      all
      of the facts and circumstances of the relationship between Executive and the
      Company; (ii) the consideration provided by the Company is not illusory; and
      (iii) the consideration given by the Company under this Agreement gives rise
      to
      the Company’s interest in restraining and prohibiting Executive from engaging in
      the Prohibited Activity within the Relevant Geographical Area as provided under
      this Paragraph 10 and the covenants not to engage in the Prohibited Activity
      within the Relevant Geographical Area pursuant to this Paragraph 10 are designed
      to enforce such consideration. The Parties are aware, however, that in certain
      circumstances, courts have refused to enforce certain agreements not to compete.
      Therefore, in furtherance of and not in derogation of the provisions of the
      preceding sentence, the Parties agree that if a court should decline to enforce
      the any of the provisions of this Paragraph 10, such affected provisions shall
      be deemed to be modified to restrict competition with the Company to the maximum
      extent, in both time and geography, which the court shall find enforceable.
      The
      provisions of this Paragraph 10 shall survive any termination or expiration
      of
      this Agreement, and the termination of Executive’s employment with the Company
      (for whatever cause or reason, as modified by Paragraph 7.B of this
      Agreement).

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    11.
      Notice

    

    Any
      and
      all notices permitted or required to be given under the terms of this Agreement
      shall be in writing and may be served by certified mail, with return receipt
      requested and proper postage prepaid, addressed to the Party to be notified
      at
      the appropriate address specified below, or by delivering the same in person
      to
      such Party, or by prepaid telegram addressed to the Party to be notified at
      said
      address, or by Federal Express or another nationally recognized courier service
      addressed to the Party to be notified at said address. Notice given by certified
      mail as aforesaid shall be deemed given and received three (3) days after
      mailing, whether or not actually received. Any notice given in any other above
      authorized manner shall be deemed received upon actual receipt; but shall also
      be deemed received upon attempted delivery if such delivery is not accepted.
      The
      addresses of the parties are as follows:

    

    
      	 If to the Company:	Diet
              Coffee, Inc.
	 	16 East 40th
              Street, 12th
              Floor
	 	 New York, NY 10016
	 	 
	 If to Executive:	Adam
              Engel
	 	[address]
	 	 

    

     

    The
      address of any Party may be changed by notice given in the manner provided
      in
      this Paragraph.

    

    12.
      General Provisions

    

    A. This
      Agreement may not be assigned by Executive. This Agreement may be assigned
      in
      whole or in part by the Company. Executive expressly agrees to honor and accept
      such assignment or other transfer and, upon the consummation thereof, to attorn
      to the Company’s assignee and to perform his duties and obligations hereunder
      for the benefit of the Company’s assignee as if the Company’s assignee were the
      Company named herein. Executive further agrees that, upon the consummation
      of
      such assignment or other transfer, all references herein to the Company shall
      become and shall be deemed to be references to the Company’s assignee and the
      Company shall be relieved of all obligations hereunder.

    

    B. This
      Agreement shall be governed by, construed, and enforced in accordance with
      the
      internal, local laws of the State of New York (without regard to conflicts
      of
      law rules) and the obligations of the Company and Executive shall be performable
      in New York, New York.

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    C. The
      Company agrees to provide to the Executive all rights of indemnification to
      the
      fullest extent permitted by law and by the Company’s certificate of
      incorporation and bylaws as well as advancement of attorneys’ fees and costs as
      incurred during the pendency of a claim or action. The Company agrees to
      maintain director’ and officers’ insurance for the benefit of the Executive
      providing coverage identical to that of other senior executive officers of
      the
      Company. The indemnification and directors’ and officers’ coverage shall extend
      to actions and services undertaken or performed by the Executive or omissions,
      not only as an employee of the Company, but as an employee, agent, director
      or
      consultant of any other entity for which the Executive renders services at
      the
      request of the Company.

    

    D. This
      Agreement contains the entire agreement between the Parties relative to the
      subject matter hereof and supersedes and replaces all prior communications
      and
      agreements (oral or written) between Executive and the Company. No variation,
      modification, or change of this Agreement shall be binding upon either Party
      hereto unless set forth in a document duly executed by both
      Parties.

    

    E. This
      Agreement is intended to express the Parties’ mutual intent, and irrespective of
      the Party preparing this document, no rule of construction shall be applied
      against such Party, as both Parties have actively participated in the
      preparation and negotiation of this Agreement.

    

    F. No
      consent or waiver, express or implied, by a Party to or of any breach or default
      by the other Party in the performance by the other Party of its obligations
      under this Agreement shall be deemed or construed to be a consent or waiver
      to
      or of any other breach or default in the performance by such other Party of
      the
      same or any other obligation of such Party under this Agreement (e.g., any
      waiver or consent from the Company with respect to any term or provisions of
      this Agreement or any other aspect of Executive’s conduct or employment shall be
      effective only in the specific instance and for the specific purpose for which
      given and shall not be deemed, regardless of frequency given, to be a further
      or
      continuing waiver or consent and the failure or delay of the Company at any
      time
      or times to require performance of, or to exercise any of its powers, rights,
      or
      remedies with respect to any term or provision of this Agreement or any other
      aspect of Executive’s conduct or employment in no manner [except as otherwise
      expressly provided herein] shall affect the Company’s right at a later time to
      enforce any such term or provision). Failure on either Party’s part to complain
      of any act or failure to act of the other Party or to declare the other Party
      in
      default, irrespective of how long such failure or default continues, shall
      not
      constitute a waiver by such Party of such Party's rights under this
      Agreement.

    

    G. If
      any
      provision of this Agreement or the application thereof to any person or
      circumstance shall be invalid or unenforceable to any extent, the remainder
      of
      this Agreement and the application of such provision to other persons or
      circumstances shall not be affected thereby and shall be enforced to the
      greatest extent permitted by law.

    

    H. This
      Agreement shall inure to the benefit of and be binding upon the undersigned
      Parties and their respective permitted successors and permitted assigns.
      Whenever, in this instrument, a reference to any Party is made, such reference
      shall be deemed to include a reference to such Party’s permitted successors and
      permitted assigns; however, neither this Paragraph 12.H nor any other
      portion of this Agreement shall be interpreted to constitute a consent to any
      assignment or other transfer of this Agreement or any part hereof other than
      pursuant to and in accordance with this Agreement’s other
      provisions.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

    

    I. The
      prevailing Party in any dispute between the Parties to this Agreement, arising
      out of the interpretation, application, or enforcement of any provision of
      this
      Agreement, shall be entitled to recover all of its reasonable attorneys' fees
      and costs, whether suit be filed or not, including, without limitation, costs
      and attorneys' fees related to or arising out of any arbitration or trial or
      appellate proceedings or petition for review before any other
      court.

    

    J. Executive
      agrees to diligently adhere to the Conflict of Interest Guidelines attached
      hereto as Exhibit “A”.

    

    

    [SIGNATURE
      PAGE TO FOLLOW]

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    EXECUTED,
      in multiple counterparts,
      each of
      which shall have the force and effect of an original, on the Effective
      Date.

     

     

    
      	
              "Company"

               

              DIET
                COFFEE, INC.

              a
                Delaware corporation

               

               

              By:
                _______________________________

               

                

            	 	
              "Executive"

               

               

               

               

               

              ________________________________

              Adam
                Engel

               

               

            
	 	 	 

    

    

 

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    

      EXHIBIT
        “A”

      TO
        EMPLOYMENT AGREEMENT

      

      

      DIET
        COFFEE, INC.

      Conflict
        of Interest Guidelines

      

      1. It
        is the
        policy of the Company to conduct its affairs in strict compliance with the
        letter and spirit of the law and to adhere to the highest principles of business
        ethics. Accordingly, all officers, employees, and independent contractors
        must
        avoid activities which are in conflict, or give the appearance of being in
        conflict, with these principles and with the interests of the Company. The
        following are potentially compromising situations which must be avoided.
        Any
        exceptions must be reported to the Company’s Board of Directors and written
        approval for continuation must be obtained.

      

      A. Revealing
        confidential information to outsiders or misusing confidential information.
        Unauthorized divulging of information is a violation of this policy whether
        or
        not for personal gain and whether or not harm to the Company is
        intended.

      

      B. Accepting
        or offering substantial gifts, excessive entertainment, favors, or payments
        which may be deemed to constitute undue influence.

      

      C. Participating
        in civic or professional organizations that involve divulging the Company’s
        confidential information.

      

      D. Initiating
        or approving any form of personal or social harassment of employees in violation
        of any laws.

      

      E. Execution
        of transactions involving insurance products or services or other products
        or
        services not approved by the Company’s Board of Directors or permitted pursuant
        to any existing employment agreement.

      

      F. Improperly
        using or disclosing to the Company any proprietary information or trade secrets
        of any former employer or other person or entity with whom obligations of
        confidentiality exist.

      

      G. Unlawfully
        discussing prices, costs, customers, sales, or markets with competing companies
        or their employees.

      

      H. Violation
        of any applicable law, rule and/or regulation, state and/or
        federal.

      

      I. Improperly
        using or authorizing the use of any inventions which are the subject of patent
        claims of any other person or entity.

      

      
        
          
            
              H-DCFF
                employment agreement (adam
                engel)                                                      
   Exhibit
                “A”

            

          

        

        
            
                                                                                                                                         
       Page 1

          
            

          

        

        
           

        

      

      J. Engaging,
        directly or indirectly, in any business other than performance of employee’s
        duties under this Agreement except at the direction of or with the prior
        written
        approval of the Company’s Board of Directors.

      

      2. Each
        officer, employee, and independent contractor must take every necessary action
        to ensure compliance with these guidelines and to bring problem areas to
        the
        attention of higher management for review. Violations of this conflict of
        interest policy may result in discharge without warning.

      
         

        
 

        
          
            
              
                H-DCFF
                  employment agreement (adam
                  engel)                                                      
   Exhibit
                  “A”

              

            

          

          
              
                                                                                                                                           
       Page 2LICENSE
      AGREEMENT ON

    PANG
      PANG TERRIBLE

    

    

    

    

    

    2007.
      02. 23

    

    

    JOYTOTO
      CO., Ltd.

    JOYTOTO
      AMERICA, INC.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    This
      is a
      license agreement on Licensor’s Casual Game, Pang Pang Terrible(herein after
“Pang Pang Terrible”), where this agreement is entered between JOYTOTO CO.,
      LTD., the Licensor, a KOREAN company organized and existing under the laws
      of
      the Republic of Korea, having its principal office at 3FL. sungwoo Bldg, 717-3
      SooSeo-dong, Kangnam-Gu, Seoul, Korea 135-220, and JOYTOTO AMERICA, INC., the
      Licensee, a American company organized and existing under the laws of USA,
      having its principal office at 3000 Scott Blvd, Suite #201 Santa Clara CA
      95054.

    

    ---MEMO---

     

    
      
        	
                1.
                  

              	
                Material:
                  

              	
                Pang
                  Pang Terrible

              
	
                2.
                  

              	
                Condition:

              	
                Exclusive
                  THREE (3) Year License Agreement on Signing

              
	
                3.
                  

              	
                Amount:
                  

              	
                FOUR
                  HUNDRED THOUSAND US DOLLARS (US$400,000)

              
	
                4.
                  

              	
                Revenue
                  Share:

              	
                30%
                  of net sales

              
	
                5.
                  

              	
                Install
                  Location: 

              	
                USA

              

      

    

    

    

    2007.01.26

     

    

    JOYTOTO
      CO., LTD.

    3FL.
      sungwoo Bldg, 717-3 SooSeo-dong, Kangnam-Gu, Seoul, Korea
      135-220

    Signature:
      ___________________________

    Company
      Representative: Cho, Seong Sam

    Country:
      REPUBLIC OF KOREA

    

    JOYTOTO
      AMERICA,INC.

    3000
      Scott Blvd, Suite #201 Santa Clara CA 95054

    Signature:
      ___________________________

    Company
      Representative: James Lee 

    Country:
      United Sates of America

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    -
      Section 1 General Terms -

     

    RECITALS

    

    Whereas,
      Licensor possesses rights to a certain Game Title, which it refers to as “Pang
      Pang Terrible”; and the Licensor should have the ownership of such software or
      have the right to sub-license. Whereas, Licensee desires to license such certain
      Game Title for operating online game service in the Territory and Licensor
      is
      willing to grant to Licensee an exclusive license for such purposes on the
      terms
      and conditions set forth herein.

    

    NOW
      THEREFORE, in consideration of the mutual covenants contained herein and other
      good and valuable consideration, the parties hereto hereby agree as
      follows:

    

    Clause
      1 (Purpose)

    The
      following agreement is to provide and supply Game from the Licensor to the
      Licensee where Licensor possesses the rights to Pang Pang Terrible. The purpose
      of the agreement herein is to specify responsibilities, rights, and the specific
      license terms and conditions for both participating parties.

    

    Clause
      2 (Cooperation)

    Licensor
      and Licensee will cooperate and aid each other to mutually benefit in good
      faith
      and sincerity with regards to the Beta Service & Commercial Service of
      Game mentioned
      herein.

    

    Clause
      3 (Agreement Territory)

    The
      Agreement Territory for the servicing of Game received
      by Licensee and provided by Licensor shall be within the boundaries of the
      USA.

    

    Clause
      4 (Definitions)

    In
      this
      Agreement, otherwise stated elsewhere, all definitions of the terms used in
      this
      Agreement are as follows.

    
      	1.	
              “Licensor”
                represents JOYTOTO CO., LTD. who has the rights of Pang Pang Terrible,
                where the Licensor shall supply Pang Pang Terrible for the
                Licensee.

            

    

    
      	2.	
              “Licensee”
                represents JOYTOTO AMERICA, INC. where Licensee acknowledges the
                right to
                service Pang Pang Terrible within the Agreement
                Territory.

            

    

    
      	3.	
              “Game
                Title” represents one CASUAL game, Pang Pang Terrible, which the Licensor
                has developed or possesses the rights to (hereinafter “Pang Pang
                Terrible”)

            

    

    
      	4.	
              “Server
                Software” represents the program which manages the Client Software which
                is the platform of the game title

            

    

    
      	5.	
              “Client
                Software” represents game title programs which connects the server
                software and the users by creating a servicing environment (hereinafter
                “Client Software”).

            

    

    
      	6.	
              “Agreement
                Territory” represents the Territory which Licensor approves the Licensee
                to service Game where the boundary of this Territory is limited to
                the
                region of USA (hereinafter “Agreement Territory”).
                

            

    

    
      	7.	
              “Service”
                represents the Licensee servicing Game to the general public within
                the
                agreement Territory with marketing, advertisement, free services,
                and pay
                services, where the Licensor has provided and granted the servicing
                rights
                of Pang Pang Terrible in the Agreement
                Territory.

            

    

    
      	8.	
              “Localization”
                means that the Game Title shall be translated into the language which
                is
                used in the Agreement Territory for servicing purpose, and some materials
                shall be adjusted accordingly, considering the culture differences
                of the
                servicing territory, also, in addition to any technical support that
                is
                needed by the servicing party shall be
                provided.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	9.	
              “Web
                Page Operation” represents the visual operation of each web page, which
                includes the program coding and the graphic design process (hereinafter
                “Web Page Operation”)

            

    

    
      	10.	
              “User”
                means the end-users who will connect to the Server Software through
                the
                internet to play “Pang Pang Terrible” in the Territory and is consisted of
                “Free Users” and “Pay Users”

            

    

    
      	11.	
              “Free
                Service” means the test purposed service operation before the Pay Service
                Date.

            

    

    
      	12.	
              “Pay
                Users” consists of all users using the game service and paying a fee to
                use such services provided by Pang Pang
                Terrible.

            

    

    
      	13.	
              “Users
                DB” consists of all specific user information obtained by registered
                users
                and the Log Data created from the using Pang Pang
                Terrible.

            

    

    
      	14.	
              “Open
                Beta Service Date” means the date when Pang Pang Terrible test services
                including advertisement will be launched to serve the general
                public.

            

    

    
      	15.	
              “Pay
                Service Date” represents the date when the Pay Service is commenced to
                serve the general public after the Service Date of Pang Pang Terrible
                within the agreement Territory.

            

    

    
      	16.	
              “Maintenance
                & Repair” represents general updates and patches with regards to the
                maintenance of Game after the Service Date. Licensor shall provide
                Maintenance and Repair orientation for the employee’s of the Licensee so
                that Licensee may provide basic maintenance for Game itself. The
                training
                for the Maintenance & Repair shall be conducted before the Open Beta
                Service Date. The main responsibility for the Maintenance & Repair for
                the game title serviced within the agreement Territory shall be
                responsible by the maintenance & repair personnel working for the
                Licensee who will be trained by the Licensor, and the Licensor shall
                provide problem solving support by any mode or technical support
                via
                email. The obligation of the Maintenance & Repair by the Licensor is
                limited to and will not exceed the boundaries of the initial contents
                provided by the Licensor for the
                Licensee.

            

    

    
      	17.	
              “Licensed
                Materials” represents the graphic materials and introduction documents of
                Game which are to be used for advertising and marketing of the game
                title,
                where such materials are authorized for use by the Licensor and provided
                to the Licensee.

            

    

    
      	18.	
              “Licensed
                Programs” represents
                the game title and server & client software for the which are granted
                for servicing purposes to the Licensee by the Licensor, where the
                Licensee
                may only use these programs for the sole purpose of servicing
                Game.

            

    

    
      	19.	
              “Royalty”
                represents the receivable royalty payments from the Licensee to the
                Licensor in order to compensate for the Maintenance & Repairs services
                provided by the Licensor during the agreement
                period.

            

    

    
      	20.	
              “Gross
                Sales” represents the aggregate total sales generated by Pang Pang
                Terrible which is provided by the Licensor for the
                Licensee.

            

    

    
      	21.	
              “Net
                Sales” represents the total sales amount which billings & service fees
                (15% fixed rate of Gross Sales amount) are subtracted from Gross
                Sales.

            

    

    
      	22.	
              “Secondary
                Copyright Proprietorship” represents all copyright ownership of Game that
                have been modified which are derivations of the original game title
                provided by the Licensor to the
                Licensee.

            

    

    
      	27.	
              “Trademark
                Rights” represents rights of the Game for Korean, and English name and/or
                title including but not limited to writings.

            

    

    
      	28.	
              “Character”
                represents the graphic avatar represented in Pang Pang
                Terrible.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    -
      Section 2 Grant of License -

     

    Clause
      5 (Grant of License)

    The
      Licensor hereby grants the Licensee an exclusive license to use Game, the server
      software, the client software, and additional programs and trademarks related
      to
      Game for THREE (3) Years after signing the Contract Agreement
      herein.

    

    Clause
      6 (Trademarks)

    
      	1.	
              The
                Licensee is granted by the Licensor to advertise and promote Game
                by using
                the service mark, trademark, logo, slogan, characters, and any other
                additional implied trademarks.

            

    

    
      	2.	
              Trademark
                registration of Game or regarding any localized version of Game and/or
                derivative version of Game shall be registered in the Licensor’s name
                where the Licensee shall provide necessary help in obtaining such
                trademarks. If Game or such derivative version of the game title
                has been
                registered in the English Language, the trademarks shall be solely
                owned
                by the Licensor. However, the Licensee may use the registered trademarks
                and the domain freely during the duration of the Agreement
                period.

            

    

    

    Clause
      7 (Production of Copies)

    
      	1.	
              The
                Licensee may not produce or reproduce copies of the server software,
                Administration manuals, master CDs and etc that are directly or indirectly
                related to the Game. The Licensee may not make any copies of the
                Licensor’s tangible and intangible intellectual properties and/or
                assets.

            

    

    
      	2.	
              If
                such copies of related materials are needed, the Licensee may only
                obtain
                through the consent of the Licensor in written notice. All related
                materials are considered secret where no material shall be given
                to any
                other 3rd
                party.

            

    

    
      	3.	
              If
                the above clause 7.1 and/or clause 7.2 are in breach, the Licensee
                is held
                responsible for the damages where the Licensor may terminated the
                Agreement herein immediately without notice to the pursuant
                party.

            

    

    
      	4.	
              The
                distribution of the client software for marketing purposes is allowed,
                however; additional materials for the use of marketing Game in the
                agreement territory shall be aggressively supported by the Licensor.
                Moreover, such created marketing materials by the Licensee shall
                be sent
                to the Licensor for confirmation
                purposes.

            

    

    

    Clause
      8 (Grant of Reuse)

    The
      Licensee may not reveal any information of the contract agreement herein and
      may
      not transfer the rights to use the trademarks to any other 3rd
      party.
      If the Licensee is in breach of such clause then the Licensee is held
      responsible for the damages where the Licensor may terminated the Agreement
      herein immediately without notice to the pursuant party. 

    

    Clause
      9 (License Territory, License Type, License Period)

    
      	1.	
              The
                license that are granted by the Licensor to the Licensee is as
                follows.

            

    

    

    
      	
            	A.	
              License
                Territory: USA

            

    

    
      	
            	B.	
              License
                Type: Exclusive Usage License

            

    

    
      	
            	C.	
              License
                Period: THREE (3) Years from commercial service
                date

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    -
      Section 3 Payment Details -

     

    Clause
      10 (Agreement Amount & Payment Period)

    
      	1.	
              The
                Installation Fee of Pang Pang Terrible in the agreement territory
                is FOUR
                HUNDRED THOUSAND US DOLLARS
                (US$400,000)

            

    

    
      	2.	
              The
                payment shall be provided to the Licensor in the following manner:
                FOUR
                HUNDRED THOUSAND US Dollars (US$ 400,000) is due and shall be
                wire-transferred to the Licensor’s designated account within 30 days after
                contract signing.

            

    

     

    Clause
      11 (Royalty, Payment & Billing Method)

    
      	1.	
              Royalty
                Fee is a compensation for the continuous support by the Licensor
                which is
                excluded from the installation fee of Game. This payment consists
                of the
                30% of the Net Sales earned by the licensee from servicing Game in
                the
                Agreement Territory by charging the Pay Users, where this Royalty
                Fee
                shall be paid by the Licensee to the Licensor during the entire Agreement
                Period

            

    

    
      	2.	
              The
                Licensee shall settle Royalty accounts and notify the Licensor of
                the
                amount of Royalty paid; this information will be sent to the Licensor
                by
                facsimile or by email on the last day of each 1 months. Royalty fee
                shall
                be paid every 1 month and if the last date of a certain month is
                considered a national holiday or is a non-business day, then notification
                and the settlement of account shall be made on the following day.
                The
                Licensee agrees to pay the royalties to the designated bank account
                by the
                Licensor within 3 month from its original revenue generation
                date.

            

    

    
      	3.	
              In
                order to fully verify the exact amount, the Licensor shall be granted
                rights for the use of the Billing DB account of the Pang Pang
                Terrible.

            

    

    

    Clause
      12 (Compensation for Delay of Payment)

    
      	1.	
              If
                the Licensee fails to make payments regarding the payment schedule
                and
                amount set forth in clause 10 and 11 herein, the Agreement shall
                be
                terminated immediately. Starting from the following day until the
                actual
                payment date, the Licensee will compensate the Licensor according
                to any
                Korean law (18% annual interest rate) applicable to such compensation
                for
                delay of payment

            

    

    
      	2.	
              If
                the delay of payment exceeds a period of sixty (60) days, the contract
                agreement may be terminated by the Licensor without
                notice.

            

    

    

    Clause
      13 (Payment Transfer)

    
      	1.	
              All
                payments and wire transfers shall be done in American Dollars to
                the
                designated bank account by the
                Licensor.

            

    

    
      	2.	
              Licensor
                shall send out the original copy of detailed invoice and Bank Information
                each month to the Licensee via postal
                service.

            

    

    

    Clause
      14 (Applicable Taxes)

    
      	
              1.

            	
              All
                payments made by the Licensee to the Licensor including installation
                and
                the Royalty fees do not include any taxes. The Licensor is not responsible
                for any charges or taxes that may applicable to any payment from
                the
                Licensee, including but not limited to sales, use, property, license,
                value-added, franchise, income, withholding or similar taxes, customs
                or
                other import duties other than taxes imposed on the payment to the
                Licensor by Korean government based on Licensor’s net income. When such
                tax payments have been paid by the Licensee, Licensee agrees to send
                the
                official tax receipt(s) to the Licensor
                promptly.

            

    

    
      	2.	
              The
                Licensee hereby agrees to be responsible of all costs and necessary
                actions needed to satisfy the Licensor’s demands on applicable usage fees,
                payments, and transfers, also including registering related materials
                set
                forth in this agreement. Both parties, the Licensee and the Licensor,
                shall be liable for the cost of sending required notifications, reporting
                and submitting of related materials to the pursuant
                party.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    -
      Section 4 Reporting & Record Inspection -

     

    Clause
      15 (Reporting Responsibilities & Preservation)

    
      	1.	
              When
                the Licensee makes Royalty payments for the Licensor, the Licensee
                is
                required to supply finance documents stating Gross Sales calculations
                of
                Pang Pang Terrible as well as service & server management
                details.

            

    

    
      	2.	
              Also,
                the Licensee is responsible to keep and record all Royalty payments
                made
                for the Licensor.

            

    

    
      	3.	
              The
                Licensee will supply the Licensor with a User DB and Billing DB account
                where there is information on usage time and added costs, and all
                other
                calculations of royalty payment for each
                month.

            

    

    
      	4.	
              The
                Licensee shall notify the Licensor immediately in case there is any
                change
                in the server installment location or the number of
                servers.

            

    

    

    Clause
      16 (Inspection)

    
      	1.	
              The
                Licensor retains the right to conduct an audit or hold an actual
                inspection, if required, regarding the Gross Sales which consists
                of the
                servicing of Pang Pang Terrible in order to verify and confirm the
                details
                of the server management and financial documents provided to the
                Licensor
                by the Licensee.

            

    

    
      	2.	
              If
                the results obtained by the Licensor during such inspection are confirmed
                to be different from the truth then the Licensor may demand such
                damage
                compensation from the Licensee. Regarding clause 16.1, if such difference
                in information provided originally by the Licensee for the Licensor
                is
                less than 3% from the original information provided, then all costs
                for
                such an inspection shall be responsible by the Licensor. Moreover,
                if such
                difference in information provided originally by the Licensee for
                the
                Licensor is more than 3% compared to the original information provided
                by
                the Licensee, then all costs for such an inspection shall be responsible
                by the Licensee. 

            

    

     

     

    -
      Section 5 Delivery & Receipt of Materials -

     

    Clause
      17 (Method of Delivery)

    
      	1.	
              The
                Licensor shall install Pang Pang Terrible in the agreement territory
                with
                the assistance of the Licensee. 

            

    

    
      	2.	
              The
                Licensor shall install Pang Pang Terrible including server numbers
                and
                hardware devices in Korea and Licensee move these items to the USA
                for
                service operation.

            

    

    

    Clause
      18 (Costs)

    
      	1.	
              The
                Licensor shall responsible for the development of
                localization

            

    

    
      	2.	
              The
                Licensee will provide all necessary cost and fees when Licensor’s
                employees need to travel to Licensee’s region for any
                support.

            

    

     

     

    -
      Section 6 Technical Support & Training -

    

    Clause
      19 (Maintenance & Upgrade)

    
      	1.	
              The
                maintenance and repair period of the game title by the Licensor is
                THREE
                (3) years.

            

    

    
      	2.	
              The
                Licensor shall immediately act to maintain and repair the server
                software
                and client software with regards to the individual contracts during
                the
                duration of the contract.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    Clause
      20 (Hacking)

    
      	1.	
              The
                Licensee shall protect and prevent the hacking of the service of
                Game
                provided by the Licensor in the best possible way
                known.

            

    

    
      	2.	
              The
                Licensee shall notify the Licensor immediately in finding any such
                hacking
                incidents and specific outcomes of such hacking incidents by using
                Fax or
                electronic mail (e-mail).

            

    

    
      	3.	
              Licensor
                shall undertake the necessary technical support and updates to
                troubleshoot such hacking
                activities.

            

    

    
      	4.	
              The
                Licensee shall always be aware of such hacking intrusions where the
                Licensee is responsible for such hacking intrusions if and when it
                occurs.

            

    

    
      	5.	
              The
                Licensor shall take extra care to observing the Hacking Quarantine
                Filtering and Patch Programs. The Licensor shall also analyze various
                Log
                Records of Game to confirm no issues would
                arise.

            

    

    
      	6.	
              If
                there are hacking issues due to a fatal error of the game software,
                resolving such issues shall be mutually agreed by both participating
                parties at a later time. 

            

    

    
      	7.	
              The
                Licensee shall be aware of and prevent any in-house personnel hacking
                in
                the agreement territory regarding the game title which the Licensor
                has
                provided. If there are any losses and damages made by such hacking
                intrusions, all responsibilities of losses are borne by the Licensee.
                

            

    

     

     

    -
      Section 7 Rights & Responsibilities of Licensor and Licensee
      -

    

    Clause
      21 (Licensee’s Rights and Responsibilities)

    
      	1.	
              “The
                Licensee may not make copies or derivative copies of Game. The Licensee
                may not supply tangible or intangible properties with regards to
                Game or
                any intellectual properties of Game to any third party without the
                written
                consent of the Licensor. The distribution of the client software
                for
                marketing purposes is allowed, however; additional materials for
                the use
                of marketing Game in the agreement territory shall be supported
                aggressively by the Licensor. Moreover, such created marketing materials
                by the Licensee shall be sent to the Licensor for confirmation
                purposes.

            

    

    
      	2.	
              The
                Licensee shall decide the number of servers and its location within
                the
                agreement territory. The Licensee will also provide at their own
                expense
                the cost and expenses for server hardware equipment, Internet broadband,
                and appropriate network equipment for the purpose of servicing in
                the
                Agreement Territory.

            

    

    
      
        
          	3.	
                  The
                    Licensee shall bear all costs regarding marketing costs, operate
                    and
                    maintain management, servicing, customer support via telephone
                    or internet
                    homepage and manage payments received in regards to the servicing
                    of
                    Game.

                

        

      

    

    
      
        
          	
                  4.

                	
                  Web
                    page construction and additional web construction work shall
                    be done by
                    the Licensee.

                

        

      

    

    
      
        
          
            
              	
                      5.

                    	
                      The
                        Licensee agrees to create, operate and manage a team at their
                        offices,
                        solely for the purpose of the success of Game, and such a
                        team shall be
                        created after this Agreement is signed between the Licensee
                        and the
                        Licensor.

                    

            

          

        

      

    

    
      
        
          	
                  6.

                	
                  The
                    Licensee shall bear all costs regarding hardware and software
                    for the
                    service of Game.

                

        

      

    

    

    Clause
      22 (Licensor’s Rights and Responsibilities)

    
      	1.	
              The
                Licensor shall provide technical support for the Licensee during
                the
                duration of the contract agreement with regards to the servicing
                of Game.
                Technical support shall be conducted but not limited in using electronic
                mail (e-mail), Fax and provide engineers to
                licensee.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	2.	
              Any
                additional supply of game titles to the Licensee by the Licensor
                after the
                successful installation of Game in the agreement territory, individual
                contracts shall be made where the game title is to be provided after
                such
                negotiated compensation. 

            

    

    
      	3.	
              The
                Licensor has no responsibility to any mistakes made by the Licensee
                and
                the Licensor shall not be responsible in any
                way.

            

    

    
      	4.	
              The
                Licensor is responsible for all outcomes created by any problems
                of the
                provided game title, Pang Terrible. However, the Licensor is not
                responsible for any losses caused by any natural disasters in the
                agreement territory and the Licensor does not have responsibility
                over
                outcomes of any criminal related activity made by users using Pang
                Pang
                Terrible service in the Agreement
                Territory.

            

    

    
      	5.	
              Localization
                work shall be done by the Licensor where all translation of applicable
                documents including but not limited to in-game texts and image files
                are
                responsible by the Licensee. The Localization process shall be done
                in one
                language format, which is English.

            

    

     

     

    -
      Section 8 Intellectual Property & Rights Reserved -

    

    Clause
      23 (Possession of Intellectual Property)

    
      	1.	
              All
                intellectual properties related to Pang Pang Terrible are owned by
                the
                Licensor, where applicable copyright laws of the agreement territory
                as
                well as copyright laws of Korea (ROK) protects these rights of the
                Licensor.

            

    

    
      	2.	
              The
                Licensee granted by the Licensor to advertise and promote Pang Pang
                Terrible using the characters, graphics, and/or logos which the Licensor
                has the possession for; however, adjustments of such characters,
                graphics,
                and/or logos cannot be made without written consent by the Licensor
                and
                such materials cannot be assigned, transferred, nor supplied to another
                third party.

            

    

    
      	3.	
              All
                License Ownership on any derivations of Game which may be included
                in the
                2nd
                Copyright Proprietorship created during the localization procedure
                from
                the game title provided by the Licensor to the Licensee shall be
                held by
                the Licensor.

            

    

    
      	4.	
              The
                Licensor and the Licensee shall both have ownership over the User
                DB of
                Pang Pang Terrible.

            

    

    
      	5.	
              The
                Licensee is obligated to notify the Licensor immediately, if there
                is any
                dispute between the Licensee and a third party regarding the Intellectual
                Rights and Ownership of Pang Pang Terrible which the Licensor agrees
                to
                provide to the Licensee in the Agreement herein. And if such arguments
                of
                ownership of rights occur, the Licensee and the Licensor shall help
                each
                other in every way to resolve such matters
                together.

            

    

    
      	6.	
              The
                Licensor shall be responsible for any damages incurred to the Licensee
                when the Game Title which the Licensor provides to the Licensee conflicts
                with another third party’s Intellectual Rights & Ownership, as long as
                the Licensee notifies the Licensor as soon as the Licensee learns
                of such
                facts. However, if the Licensee reacts to such arguments of another
                third
                party and takes its own actions, any damages created through those
                actions
                taken shall not be a burden for the Licensor and the Licensor shall
                not be
                responsible of the outcomes.

            

    

    
      	7.	
              If
                the Licensee faces any dispute in the Agreement Territory by another
                third
                party intruding with the Intellectual Rights and Ownership of Game
                which
                the Licensor agrees to provide to the Licensee, then the Licensee
                shall
                confront the third party in co-operation with the Licensor and provide
                active support and effort of counter measures and the Licensor may
                to
                propose to the Licensee to neutralize such legal
                lawsuit.

            

    

    
      	8.	
              The
                Licensee shall be responsible of any issues or losses created by
                any
                leakage of information and/or materials of Game which the Licensor
                has
                provided to the Licensee.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Clause
      25 (Guarantee)

    
      	1.	
              The
                Pang Pang Terrible provided by the Licensor for the Licensee guarantees
                that such game title is the exact same title which is serviced with
                Korea
                (ROK).

            

    

    
      	2.	
              During
                the term of the agreement, the Licensor shall be responsible for
                all
                defective materials with regards to Game and/or the
                software.

            

    

    
      	3.	
              The
                Licensor shall not be responsible of any damage outcomes through
                the
                misuse by the Licensee.

            

    

     

     

    -
      Section 9 Obligation of Secrecy & Limit of Responsibilities
      -

     

    Clause
      25 (Obligation of Secrecy)

    
      	1.	
              The
                Licensor and the Licensee shall not use any of the direct information
                or
                collateral information obtained through this Agreement regarding the other
                pursuant company except for the purpose of this contract Agreement.
                Confidential information can only be disclosed when the pursuant
                party,
                the Licensor and the Licensee, provides a written agreement of consent
                or
                a written notice regarding such
                actions.

            

    

    
      	2.	
              The
                above clause 26.1 of this Agreement shall survive the termination
                of this
                contract Agreement.

            

    

     

     

    -
      Section 10 Extension & Termination of the Agreement -

     

    Clause
      26 (Extension of the Agreement / End & Termination of
      Agreement)

    
      	1.	
              Both
                companies have the option to notify the pursuant party THIRTY (30)
                days
                prior to the conclusion of this Agreement in order to conclude this
                contract Agreement. If the notification of conclusion is not given
                to a
                pursuant party, then the Agreement Period is automatically extended
                for
                ONE (1) additional year.

            

    

    
      	2.	
              If
                the Licensee or the Licensor has made a direct violation to any of
                the
                details of this contract Agreement, and the pursuant party clearly
                stated
                such violations to be corrected where such notification shall be
                given as
                a written notice; however, if the violating party does not correct
                the
                violating acts as requested within NINETY (90) days of the initial
                written
                notification of the correction of violation, this contract Agreement
                shall
                be terminated immediately. 

            

    

    
      	3.	
              If
                the Licensee fails to compensate the Licensor with the payments of
                Installation Fee and/or the Running Royalty payments, there will
                be an
                annual interest of 18% levied on the payment amount with regards
                to each
                extended day from the past payment date. If the late payment exceeds
                a
                period of SIXTY (60) days, the contract agreement shall be automatically
                terminated and the Licensee shall be responsible for such agreement
                termination and be responsible for the damage compensation plan stated
                in
                clause 36 of this agreement.

            

    

    
      	4.	
              If
                any of the following occurs to the pursuant party of this contract
                agreement, the agreement shall be terminated without any
                notice.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	A.	
              Disorganization,
                Bankruptcy, or unable to make
                payments.

            

    

    
      	
            	B.	
              The
                Licensee or the Licensor made a direct violation to any of the details
                of
                this contract Agreement, and the pursuant party clearly stated such
                violations to be corrected; however, if the violating party does
                not
                correct the violating acts as requested within THREE (3) months of
                the
                initial notification of the correction of violation, this contract
                Agreement may be terminated.

            

    

    
      	
            	C.	
              Reasons
                of legal bankruptcy or unable to make payments have been due for
                over
                NINTY (90) days and such reasons have not been dismissedôthis
                contract agreement may be
                terminated.

            

    

    
      	
            	D.	
              If
                in any case, the pursuant party has broken any of the International
                Business laws, defy the public morals, or defy social morals and
                customs,
                and it has been concluded that the pursuant party have caused unbearable
                damages to the other pursuant party, this contract Agreement may
                be
                terminated.

            

    

    

    Clause
      27 (Force Majeure)

    
      	
              1.

            	
              Both
                parties shall be excused from each other’s responsibilities of performance
                hereunder to the extent that performance is prevented, delayed, or
                obstructed by causes beyond its reasonable control. Such incidents
                include
                but not limited to Acts of God (fire, storm, floods, earthquakes,
                etc.),
                civil disturbances, disruption of telecommunications, and power loss
                or
                other essential services (Force Majeure) which prevents the effected
                party
                to operate, manage, and conduct their duly businesses as stated herein
                this Agreement.

            

    

    
      	
              2.

            	
              Regarding
                clause 28.1 of this Agreement, if the signed agreement cannot be
                practiced
                as a whole or partially, this Agreement shall not hold, as a whole
                or
                partially, in the sections in the Agreement where it cannot be put
                into
                practice.

            

    

    

    Clause
      28 (Effects of Termination of the Agreement)

    1.
      In any
      case, after the end of the agreement duration, the Licensee may not use any
      copyright materials and/or logos of the Licensor.

    2.
      If the
      contract Agreement has been terminated due to the breach of agreement terms
      by
      the Licensee, the Licensee may not use any of the technical information provided
      to the Licensee in relation to Game and the following also holds
      true.

    

    
      	
            	A.	
              Grant
                of license shall halt

            

    

    
      	
            	B.	
              Use
                of copyrights, displays and logos shall
                halt

            

    

    
      	
            	C.	
              Use
                of technical information shall halt and copies & originals shall be
                returned

            

    

    
      	
            	D.	
              All
                erected financial obligations (Technical Fees and etc) are due
                immediately

            

    

    
      	
            	E.	
              Use
                of Secondary Copyright Proprietorship shall
                halt

            

    

    
      	
            	F.	
              Use
                of domain, name, and titles in USA shall
                halt

            

    

    
 

    -
      Section 11 Solving Disputes -

     

    Clause
      29 (Arbitration)

    All
      disputes, controversies or differences which may arise between the parties
      out
      of or in relation to or in connection with this Agreement, or for the breach
      thereof, shall be finally settled by arbitration in Korea in accordance with
      the
      Commercial Arbitration Rules of the Korean Commercial Arbitration Board and
      under the laws of Republic of Korea. The award rendered by the arbitrator(s)
      shall be final and binding upon both parties concerned.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Clause
      30 (Governing Laws)

    The
      construction, validity, performance and effect of this Agreement shall be
      governed by the laws of the Republic of Korea.

    

    Clause
      31 (Justice Jurisdiction)

    All
      claims related to the agreement herein, the participating parties may not be
      cancel such claims in any case.

    

    
      	1.	
              If
                the agreement is stated to be under applicable laws of Republic of
                Korea,
                all lawsuits shall be presented to the court of Republic of
                Korea.

            

    

    
      	2.	
              Pursuant
                parties waiver the following rights to make any complaint regarding
                the
                court location on the lawsuit claimed by either pursuant parties,
                the
                assertion of the court proceeding are held at a non-suitable location,
                moreover, waiver of any claims that questions the justice jurisdiction
                and
                the validity of such a court

            

    

     

     

    -
      Section 12 Other Related Categories -

     

    Clause
      32 (Entire Agreement)

    This
      agreement constitutes the entire agreement and understanding between the parties
      with respect to the subject matter contained herein. All prior negotiations,
      representations, agreements and understandings, oral or otherwise, are merged
      into this Agreement. The parties may, from time to time during the continuance
      of this Agreement, modify, vary or alter any of the provisions of this
      Agreement, but only by an instrument duly executed by authorized representatives
      of both parties hereto.

    

    Clause
      33 (Modification)

    If
      either
      party desires to modify this Agreement, the parties shall, upon reasonable
      notice of the proposed modification by the party desiring the change, confer
      in
      good faith to determine the desirability of such modification. No modification
      will be effective until a written amendment is duly signed by authorized
      representatives of both parties hereto.

    

    Clause
      34 (Succession of Agreement)

    
      	1.	
              Without
                the written consent of the Licensor, the Licensee may not wholly
                or
                partially succeed any part of this
                Agreement.

            

    

    
      	2.	
              The
                contract agreement herein holds and binds both pursuant parties where
                it
                effects the successor and assignee of the through the succession
                of the
                agreement.

            

    

    
      	3.	
              When
                the Licensee or the Licensor enter a phase where decisions need to
                be made
                regarding the issues of merging of companies, sales transference,
                or
                partial assignment of sales, and the Licensee or the Licensor is
                seen to
                have some problems, trouble, or difficulty regarding the operation
                management of Game, then both pursuant parties, the Licensee or the
                Licensor, shall notify the other pursuant party by a written
                statement.

            

    

    
      	4.	
              If
                section 35.3 becomes in practice, then the company receiving the
                succession and/or receiving the assignment of this Agreement shall
                possess
                all right and responsibilities of the Licensee and the Licensor which
                are
                stated in the contract Agreement
                herein.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Clause
      35 (Free Users)

    The
      Licensee may provide free services of Game for the intent of advertisement
      and
      to provide a catalyst for growth of users, however, this free service period
      may
      not exceed SIX (6) months. If the Licensee needs to extend such free servicing
      period of Game, it shall be done only when the Licensor expresses an agreement
      for such terms.

    

    Clause
      36 (Damage Compensation)

    
      	1.	
              If
                the Licensee decides to stop the servicing of Game after the services
                have
                commenced and/or decides to terminate the agreement herein without
                any
                special reasons for its actions, the Licensor may demand a settlement
                for
                the loss of business to the
                Licensee.

            

    

    
      	2.	
              The
                Licensor or the Licensee on the incident of breaking any part of
                this
                contract Agreement and/or by breaking the sincerity and trustfulness
                of
                the other pursuant of this Agreement resulting in losses and/or damages
                to
                the pursuant company, shall be punished accordingly based on the
                terms of
                the such related International laws that
                abide

            

    

    
      	3.	
              If
                the Licensee is held responsible for the following sections, 7.3,
                20.7,
                23.8, 36.1, then the Licensor shall conduct a calculation related
                to the
                capacity of such damages made by the Licensee and the Licensee must
                compensate the Licensor with a reasonable compensation fee where
                such
                amount shall be notified by the Licensor to the Licensee after the
                damage
                calculations have been finalized. Both parties shall negotiate the
                exact
                compensation amount within THIRTY (30) days of the initial notice
                by the
                Licensor regarding the compensation amount. After such damage compensation
                amount has been finalized, the Licensee shall deliver the full
                compensation payment within THIRTY (30) days where all payments must
                be
                done in Cash. If the Licensee fails to comply, then the Licensee
                shall be
                held responsible according to the international civil and penal law
                codes
                where applicable and shall be liable to pay the Licensor the total
                applicable compensation with an annual interest fee of 18% levied
                on the
                payment amount with regards to each extended day from the notification
                date by the Licensor to the Licensee.

            

    

    
      	4.	
              If
                there are fatal Errors in Game and Licensor is unable to fix these
                problems, Licensee may stop payments of Royalty to Licensor. In this
                case,
                Licensee may demand compensation from Licensor for any losses of
                income
                due to the fatal error of Game and/or additional losses incurred
                due to
                such an event. However, the compensation which Licensee demands from
                Licensor cannot exceed the amount of the Royalty paid to Licensor
                by
                Licensee for the servicing of Game during the Agreement
                period.

            

    

     

    Clause
      37 (Law Compliance)

    Both
      pursuant parties, the Licensor and the Licensee, hereto acknowledge complying
      with the laws that govern the Republic of Korea and business arbitration rules
      and regulations which the Korean Business Affairs Arbitration board
      recognizes.

    

    Clause
      38 (Severability)

    In
      the
      event one or more of the provisions of this Agreement are found to be invalid,
      illegal or unenforceable by a court with jurisdiction or by a panel of
      arbitrators, the remaining provisions shall continue in full force and
      effect.

    

    Clause
      39 (Notice)

    Both
      pursuant parties shall appoint the lead contact personnel on each side when
      signing the Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	1.	
              If
                any of the incidents stated in clause 40 of this Agreement occurs,
                then
                the knowledgeable party shall notify the other party of such events
                in
                written statements.

            

    

    

    
      	
            	A.	
              There
                is a change in information regarding the account holder’s name or in the
                account numbers itself

            

    

    
      	
            	B.	
              Main
                offices, Branch Offices, are newly being built, moved, or has been
                closed
                down due to strenuous reasons

            

    

    
      	
            	C.	
              There
                is a change regarding the main representative of the
                company

            

    

    
      	
            	D.	
              There
                is dramatic change in the business outlook, or there is a growing
                chance
                of something likewise will happen which threats the pursuant
                company

            

    

    

    
      	2.	
              Notification
                and other means of notices shall be done through one of the following
                methods of electronic mail (e-mail) or applicable addresses or numbers,
                and shall become effective with regards to the conditions stated
                below.

            

    

    

    
      	
            	A.	
              If
                delivery is made directly in written documents or by delivered by
                person,
                effective on the date of delivery.

            

    

    
      	
            	B.	
              If
                sent by Fax, effective on the date of delivery, depending on the
                validity
                of the readable fax material received. (Confirmation of fax material
                send
                shall be verified by the transmitting party, where such transmit
                records
                generated by Fax machines does not represent confirmation in any
                such
                case)

            

    

    
      	
            	C.	
              Postage
                mails, air mails, or registered mails shall be effective on the date
                of
                delivery of such mails or the date of such mail delivery
                attempted.

            

    

    
      	
            	D.	
              If
                sent by electronic mail (e-mail), effective on the date of email
                receipt.

            

    

    

    
      	3.	
              If
                the delivery date (or attempted delivery date) or receivable date
                is not a
                working day for the receiving party, or such delivery attempt is
                notified
                after the daily operation time period, such delivery shall be seen
                to have
                been received on the next business day where that will represent
                the
                effective date of such delivery.

            

    

    

    Clause
      40 (No Waiver)

    The
      waiver by either party of a breach or a default of any provision of this
      agreement by the other party shall not be construed as a waiver of any
      succeeding breach of the same or any other provision, nor shall any delay or
      omission on the part of either party to exercise or avail itself of any right,
      power or privilege that it has, or may have hereunder operate as a waiver of
      any
      right power or privilege by such party.

    

    Clause
      41 (Survival)

    
      	1.	
              The
                following agreement shall be effect on the date set forth
                herein.

            

    

    
      	2.	
              If
                the agreement is not terminated due to any of the presented reasons
                for
                termination, the responsibilities of the pursuant parties of the
                agreement
                shall survive the end of this
                Agreement.

            

    

    
      	3.	
              Even
                if the contract Agreement is terminated, the payment agreement and
                the
                damage compensation agreement shall survive the end of this
                Agreement.

            

    

    

    *
      In
      order to provide legal proof of this contract Agreement, there shall be two
      copies of this Agreement signed by both company representatives, where each
      copy
      shall be kept individually by both participating companies, the Licensee and
      the
      Licensor.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    2007.02.23

    

    

    JOYTOTO
      Co., Ltd.

    3FL.
      sungwoo Bldg, 717-3 SooSeo-dong, Kangnam-Gu, Seoul, Korea
      135-220

    Signature:
      ___________________________

    Company
      Representative: Cho, Seong-Sam

    Country:
      REPUBLIC OF KOREA

     

     

    JOYTOTO
      AMERICA, INC.

    3000
      Scott Blvd. Suite #201 Santa Clara CA 95054

    Signature:
      ___________________________

    Company
      Representative: James Lee 

    Country:
      United Sates of America

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