Document:

Exhibit
10.2

    

     

    Employment
Package for Sekar Sundararajan

    

    
      
        
          	
                  Start
      date:

                	
                  February
      8, 2008

                
	 
      	 
      
	
                  Title:

                	
                  Executive
      Vice President – Operations

                
	 
      	 
      
	
                  Salary:

                	
                  $250,000
      annually, payable $20,833.33 monthly. This position will be classified as
      a Named Executive for Securities and Exchange Commission reporting and
      compensation (including bonuses) will be subject to annual review by the
      Compensation Committee of the Board of Directors.

                
	 
      	 
      
	
                  Bonus:

                	
                  Annual
      bonus paid on or about April 15th
      each year for the fiscal year ended the previous January. Bonus computed
      at 0.50% of consolidated earnings before tax above $12.5M and subject to a
      12.5% positive/negative adjustment based on individual performance and
      attainment of personal goals. For fiscal years 2009 and 2010 each Annual
      bonus will vest on the last day of the fiscal year. Bonus for FY 2009,
      payable April 15, 2009 is guaranteed at a $100,000 minimum subject to the
      12.5% adjustment. Should the employee terminate his employment at any time
      following the beginning of the 2011 fiscal year the annual bonus for the
      year of termination will be prorated and vest under the following
      schedule:

                
	 
      	
                  Terminate
      during the first fiscal
      quarter      -  25%,

                
	 
      	
                  terminate
      during the second fiscal
      quarter   -  50%,

                
	 
      	
                  terminate
      during the third fiscal
      quarter      -  75%

                
	 
      	
                  terminate
      during the forth fiscal quarter     
      -  100%.

                
	
                  Long-term

                	 
      
	
                  Incentive:

                	
                  Eligible
      if and when approved by the Board of
Directors.

                

        

      

    

    
      
        
          	 
      	 
      
	
                  Deferred

                	 
      
	
                  Bonus:

                	
                  Beginning
      in FY 2009 for a period of three years through FY 2011, $50,000 shall be
      deferred each year, payable at the end of the second fiscal year, vesting
      at 33.33% immediately, and 33.33% vesting at the end of the first year and
      at the end of year two. Future deferred bonus or other retirement funding
      options to be negotiated in
2011.

                

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
10.2

     

    
      
        
          	
                  Group
      Benefits:

                	
                  Participation
      in Company’s 401(k), Group Health, Dental, and Term Life programs. Family
      medical currently costs the employee approximately $234
      monthly.

                
	 
      	 
      
	
                  Vacation:

                	
                  Four
      weeks each year.

                
	 
      	 
      
	
                  Expense

                	 
      
	
                  Reimbursement:

                	
                  $1,750
      monthly, to cover costs of personal travel, accommodations, etc. Should
      employee relocate within a 75 mile Radius of Martinsville, Virginia, such
      payments shall cease.

                
	 
      	 
      
	
                  Relocation:

                	
                  Reimbursement
      of up to $20,000 for costs of relocation to within a 75 mile radius of
      Martinsville, Virginia.

                

        

      

    

    

    
      
        
          	
                  Offered:

                	
                  /s/ Paul B. Toms, Jr.

                
	 
      	
                  Paul
      B. Toms, Jr.

                

        

      

    

    

    
      
        
          	
                  Accepted:

                	
                  /s/ Sekar Sundararajan

                
	 
      	
                  Sekar
      Sundararajan

                

        

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        	 
      	
                Appendix
      1

              	
                Exhibit
      10.2

              

      

      

      Sekar
Sundararajan

      Deferred
Compensation Vesting Schedule

      

      
        
          
            
              
                	 
      	 	 	 	 
      	 	
                        Vesting
      Date

                      	 
	
                        Grant Date

                      	 	
                        Amount

                      	 	
                        Payable

                      	 	
                        2/8/2008

                      	 	 	
                        2/1/2009

                      	 	 	
                        1/31/2010

                      	 	 	
                        1/30/2011

                      	 	 	
                        1/29/2012

                      	 
	 
      	 	 	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        2/8/2008

                      	 	 	50,000	 	
                        1/31/2010

                      	 	 	16,666	 	 	 	16,667	 	 	 	16,667	 	 	 	 	 	 	 
	
                        2/1/2009

                      	 	 	50,000	 	
                        1/30/2011

                      	 	 	 	 	 	 	16,667	 	 	 	16,666	 	 	 	16,667	 	 	 	 
	
                        1/31/2010

                      	 	 	50,000	 	
                        1/29/2012

                      	 	 	 	 	 	 	 	 	 	 	16,667	 	 	 	16,667	 	 	 	16,666	 
	 
      	 	 	 	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Vested
      @ Fiscal Year End

                      	 	 	16,666	 	 	 	33,334	 	 	 	50,000	 	 	 	33,334	 	 	 	16,666	 
	 
      	 	 	 	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Cumulative
      Vested

                      	 	 	16,666	 	 	 	50,000	 	 	 	100,000	 	 	 	133,334	 	 	 	150,000	 
	 
      	 	 	 	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        Total

                      	 	$	150,000FINDER'S
AGREEMENT

     

    

    This
Agreement is made and entered into as of June 2, 2009, by and between Qnective,
Inc., a Nevada corporation (the “Company”), and Alain Morgant, an individual,
having a business address at 4 allée du vert bois, 92410 Ville d’Avray, France
(“Consultant”).

    

    In
consideration of and for the mutual promises and covenants contained herein and
for other good and valuable consideration, the receipt of which are hereby
acknowledged, the parties hereby agree as follows:

    

    1.           Purpose:  The
Company hereby retains Consultant to assist on a non-exclusive basis in its goal
to raise up to USD 200 Mio, and to perform various services for the Company
during the term specified to assist the Company in its goal of raising equity
capital for the Company.

    

    2.           Term:   This
Agreement shall be effective for a period of twelve months (12) commencing on
the date hereof, unless extended in writing by both parties.

    

    3.           Services
of Consultant: (a) At the request of the Company, Consultant will provide
the following services on a “commercially reasonable” basis:

    

    (i)
Familiarize himself with the business, operations, properties, financial
condition, and prospects of the Company;

    

    (ii)
Identify and contact prospective investors and coordinate the delivery of
information to such investors;

    

    (iii)
Coordinate meetings or telephone discussions with prospective investors and
assist the Company in coordinating the due diligence review;

    

    (iv)
Advise the Company during negotiations with investors on the terms of a
prospective transaction;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (v)  Assuming
an agreement in principle is reached, assist the Company in the negotiations,
documentation, and closing of a transaction with such prospective
investors.

    

    (b)  Consultant
shall provide to Company a notification letter executed by each prospective
investor (a "Notification Letter") that Consultant approaches.

    

    (c)  Except
as set forth above, there are no other tasks, duties or obligations which
Consultant is required to perform pursuant to this Agreement.

    

    (d)  The
Company acknowledges that Consultant is performing this undertaking on a
"commericially resonable" basis without a warranty or promise that a specific
result or outcome will necessarily be achieved.

    

    4.           Compensation: 

    

    (a) In consideration of the
performance of the services set forth above, the Company shall compensate
Consultant if a financing transaction is consummated during the term of this
Agreement, or within six (6) months after termination of this Agreement with a
third-party investor for whom a Notification Letter has been submitted to the
Company by Consultant.

    

    (b) Upon the closing of any
transaction contemplated hereunder Company shall pay to Consultant (i) a total
amount equal to two (2%) percent of all gross proceeds, in cash, received by or
paid for, the benefit of Company or any of its affiliates or assignees in the
transaction, plus that number of shares of the Company's common stock equal to
four (4%) percent of the gross proceeds.

    

    (c) It is understood and agreed by
the parties that the Company is not obligated or required to accept any offer of
any kind from any prospective investor and may refuse to consummate any
financing without liability to the Company.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    5.           Representations
and Warranties:

    

    (a) Consultant represents,
warrants, and agrees with the Company as follows:

    

    (i)  Offers and sales of
securities by Consultant will be made in accordance with the laws of the
jurisdiction in which such offers and sales are made.

    

    (ii) Consultant
will not make any untrue statement of a material fact or omit to state a
material fact required to be stated, or necessary to make any statement made, by
Consultant not misleading concerning the offering of the Company’s shares of
common stock or any matters set forth in, or contemplated by, the offering
documents, it being understood that the statements made in the offering
documents are deemed to be made by the Company and not Consultant, except for
information set forth therein based upon written information provided by, or on
behalf of, Consultant.

    

    (iii) Consultant
has not and will not engage, directly or indirectly, in any act or activity
which will be in violation of the securities laws of the U.S. or any other
jurisdiction in which shares of the Company's common stock may be offered for
sale or sold.

    

    6.           Indemnification:  Each
party agrees to indemnify and hold the other party harmless from any and all
claims, losses, costs, or damages, including reasonable attorneys’ fees and
court costs, resulting from any breach of its representations, warranties or
covenants set forth herein, whether or not such claims are settled or reduced to
judgment.

    

    7.           Independent
Contractor:  Consultant is engaged by the Company solely for
the purposes and to the extent set forth in this Agreement, and Consultant’s
relationship to the Company shall during the period of engagement hereunder be
that of an independent contractor.  Consultant shall not be considered
as an agent or employee of the Company; and the Company shall not be liable in
any manner whatsoever for the acts or omissions of Consultant, his agents, or
employees.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    
 

    8.           Governing
Law:   This Agreement shall be governed by and construed
in accordance with the laws of the State of New York applicable to agreements
made and to be performed solely within such State without giving effect to the
principles of conflicts of laws thereof.

    

    9.           Dispute
Resolution:  Any dispute, controversy, or claim between the
parties arising out of or relating to this Agreement, including the validity,
invalidity, breach or termination thereof, shall be resolved by arbitration
before one (1) arbitrator in accordance with the Swiss Rules of International
Arbitration of the Swiss Chamber of commerce (the "Rules") in force on the date
when the Notice of Arbitration is submitted in accordance with the
Rules.  Judgment upon any award rendered by the arbitrator may be
entered in any court of competent jurisdiction and the arbitrator shall have
authority to award reasonable costs, legal fees, and disbursements to the
prevailing party.  The seat of the arbitration shall be Zurich,
Switzerland.    The right to fees, costs, and expenses may
be enforced by separate plenary action.

    

    10.           Entire
Agreement:  This Agreement constitutes the entire Agreement and
understanding between the parties pertaining to the subject matter of this
Agreement.  This Agreement supersedes all prior agreements, if any,
including any prior understandings, negotiations, or discussions, whether oral
or written.  No supplement, modification, or waiver of this Agreement
shall be binding unless executed by the party to be bound hereby.

    

    11.           Confidential
Information:

    

    (a)  Consultant acknowledges
that by virtue of the relationship created by this Agreement Consultant may have
access to Confidential Information regarding the business and operations of the
Company.  For purposes of this Agreement the term “Confidential
Information” shall include but not be limited to information regarding products
or services not yet available, technical information, financial information,
trade secrets, business plans, and policies related to the Company's products
and services and not generally available in the public domain other than by
breach of this Agreement.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    (b)  Consultant agrees to
maintain the confidentiality of the Company's Confidential Information and
agrees not at any time to disclose to any third party or use for Consultant's
benefit or the benefit of any third party any Confidential Information disclosed
to it by the Company.  Consultant agrees not to purchase or sell any
securities of the Company at any time that Consultant is in possession of
Confidential Information.  Additionally Consultant agrees that
Consultant will take reasonable steps designed to ensure that Consultant’s
employees, agents, and representatives will not disclose to any third party, or
use for their own benefit or for the benefit of any third party, any
Confidential Information.  If Consultant’s employees, agents, or
representatives disclose Confidential Information to any third party, Consultant
will be responsible for all losses, claims and damages that result from such
disclosure.

    

    (c)   Consultant
acknowledges and agrees that the restrictions set forth in this Paragraph 11 are
necessary for the protection of the Company and the breach thereof may cause
irreparable damage for which there may be no adequate remedy at law; and,
therefore, Consultant agrees that, in addition to any other remedies available,
any equitable remedy may be invoked by the Company to enforce performance or
enjoin any breach of this Paragraph 11.

    

    12.           Assignability:   This
Agreement is not assignable by either party without the prior written consent of
the other party.

    

    13.           Expenses:   Consultant
will be responsible for, and pay all of his own expenses incurred in connection
with his activities under this Agreement, and the Company will be under no
obligation to reimburse Consultant for such expenses unless parties have agreed
upon such expenses in writing in advance

    

    14.           Successors
and Assigns:  This Agreement shall be binding upon and inure to
the benefit of the parties and their respective successors, assigns, heirs, and
legal representatives, as the case may be; provided, however, that this
Agreement may not be assigned by Consultant.

    

    AGREED
AND ENTERED INTO as of the date first written above:

     

     

    
      
        	 
      	
                QNECTIVE,
      INC.

              
	 
      	 
      
	 
      	
                By: 
      /s/ Oswald
      Ortiz                           
      

              
	 
      	
                Oswald
      Ortiz

              
	 
      	
                Chief
      Executive Officer

              
	 
      	 
      
	 
      	 
      
	 
      	
                /s/ Alain
      Morgant                        

              
	 
      	
                Alain
      Morgant

              

      

    

    
 

    
      
         

      

      
        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00159-of-00352.parquet"}]]