Document:

EXHIBIT
      10.2

    

    EXECUTIVE
      EMPLOYMENT AGREEMENT

     

    This
      Executive Employment Agreement dated as of October 9, 2006 (“Agreement”)
      is
      made by and between Dot
      VN, Inc.,
      a
      corporation duly organized and existing under the laws of the State of Delaware
      (the “Company”),
      and
Thomas
      Johnson
      (“Executive”)
      (referred to collectively herein as the “Parties”).

     

    RECITALS

     

    	A.  	
            WHEREAS,
              Executive is a co-founder of Company, serving as its Chief Executive
              Officer , and one of Company’s “key men”;
              and

          

     

    	B.  	
            WHEREAS,
              Executive currently sits on the Company’s Board of Directors;
              and

          

     

    	C.  	
            WHEREAS,
              Company desires to retain Executive's services, to formalize its
              employment agreement with him, and to demonstrate its appreciation
              for his
              efforts; and

          

     

    	D.  	
            WHEREAS,
              Company and the Executive wish to clarify their respective rights
              concerning the Executive's employment relationship with
              Company.

          

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants and promises contained
      herein, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto hereby agree
      as
      follows:

     

    1.  Nature
      of Agreement.
      Any
      and
      all prior oral understandings, offers, and/or representations (if any) with
      respect to the employment of Executive are deemed by the parties to be either
      canceled and void and/or are deemed to be superseded by this final written
      Agreement.

     

    2.  Employment
      Terms and Duties.

     

    2.1.  Term
      of Employment.
      The
      employment of Executive under this Agreement shall be deemed to have commenced
      on October 1, 2006, and shall continue until terminated in accordance with
      Section 6 hereof (the “Employment
      Term”).
      

     

    2.2.  Location.
      Executive agrees that he shall carry out his duties and obligations under the
      terms of this Agreement at the Company’s principal office in San Diego,
      California and at such place or places as Company shall reasonably designate
      or
      as shall be reasonably appropriate and necessary in connection with such
      employment. 

     

    2.3.  Position
      and Primary Responsibility.

     

    	a)  	
            It
              is understood that Executive shall serve as Chief Executive Officer
              for
              the Company with all powers and obligations associates with such position
              as set forth in the Bylaws of the Corporation. Contemporaneously with
              the
              execution and delivery of this Agreement, the Company shall effectuate
              all
              such actions as shall be required to procure the appointment of Executive
              as Chief Executive Officer of the
              Company.

          

     

    The
      Company agrees that, during the Employment Term, neither the Restated
      Certificate of Incorporation, nor the Bylaws, of the Company shall at any time
      be amended in a manner inconsistent with the foregoing or the additional
      provisions of this Agreement. 

     

    2.4 Best
      Efforts.
      Executive agrees to devote his his best efforts to the performance of
      Executive’s duties hereunder and to the business and affairs of Company.. This
      Agreement shall not be interpreted to prohibit Executive from making passive
      personal investments or conducting private business affairs, or serving on
      the
      boards of directors of other companies or other entities, if those activities
      do
      not materially interfere with the services required under this Agreement and
      do
      not violate Sections 5, 9 and/or 11 of this Agreement. 

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    3.  Compensation.

     

    3.1.  Base
      Salary.
      Company
      will compensate Executive for the services rendered hereunder a Base Salary
      of
      $360,000.00 per year payable in accordance with the regular payroll practices
      of
      Company. The Executive's Base Salary shall be subject to annual review by the
      Board and may be increased, but not decreased, from time to time by the Board.
      No increase to Base Salary shall be used to offset or otherwise reduce any
      obligations of Company to the Executive hereunder or otherwise. The base salary
      as determined herein from time to time shall constitute "Base Salary" for
      purposes of this Agreement.

     

    3.2.  Employee
      Benefits.
      Executive shall also be entitled to all rights and benefits for which Executive
      shall be eligible under bonus, vacation, sick days, pension, group insurance,
      disability, life insurance, profit-sharing or other Company benefits which
      may
      now or in the future be in force from time to time and provided to Executive
      or
      for Company's employees generally. Additionally, Executive shall be entitled
      to
      a non-accountable monthly allowance of One Thousand Dollars ($1000.00)
(the“Monthly
      Allowance”).

     

    3.3.  Business
      and Travel Expenses.
      During
      the Employment Term, the Company shall reimburse the Executive for all
      reasonable and necessary business and travel expenses incurred by the Executive
      while performing his duties under this Agreement in accordance with the
      Company’s customary practices for its executive employees, subject to provision
      by the Executive of documentation reasonably satisfactory to the Company.
      Further, Executive shall be entitled to a non accountable five hundred dollar
      ($500.00) per day allowance while traveling on the Company’s
      account.

     

    3.4.  Cash
      and Equity Bonuses. The
      Executive
      shall
      have a
      bonus
      entitlement during each calendar year (or portion thereof) of the Employment
      Term equal to one hundred percent of his Base Salary for such year (or portion
      thereof) payable to Executive in cash or equity or any combination thereof
      at
      the election of Executive.. Within thirty (30) days of the Effective Date,
      the
      Company and the Executive shall concur, within their respective reasonable
      discretion, on the criteria and procedures applicable to establishment of
      Executive’s entitlement to such amount for the then current calendar year; and,
      thereafter, within thirty (30) days prior to the commencement of each calendar
      year of the Employment Term, the Company and the Executive shall concur, within
      their respective reasonable discretion, on the criteria and procedures
      applicable to establishment of Executive’s entitlement to such amount for the
      ensuing calendar year. Such criteria shall include, without limitation: (i)
      specified revenue targets for the Company during the applicable period; (ii)
      specified EBITDA targets for the Company during the applicable period (as
      defined pursuant to consensus between the Company and the Executive); (iii)
      completion of projects defined by the Board; and (iv) additional specified
      targets for the Company and/or the Executive. 

     

    3.5.  Payment.
      All
      compensation payable to Executive hereunder shall be subject to all applicable
      state and federal employment law(s); it being understood that Executive shall
      be
      responsible for the payment of all taxes resulting from a determination that
      any
      portion of the compensation and/or benefits paid/received hereunder is a taxable
      event to Executive; it being further understood that Executive shall hold the
      Company harmless from any governmental claim(s) for Executive’s personal tax
      liabilities, including interest or penalties, arising from any failure by
      Executive to pay his individual taxes when due.

     

    3.6.  Compensation
      Review.
      It is
      understood and agreed that Executive’s performance will be reviewed by the
      Company’s Board of Directors as of the anniversary date of each year this
      Agreement is in force for the purpose of determining whether or not Executive’s
      Base Salary and/or cash bonuses should be increased; it being further understood
      that the decision to increase Executive’s compensation shall be at the sole and
      exclusive option of the Board of Directors.

     

    3.7.  Equity
      Awards.
      

     

    (a)
       Grant
      of Option.
      The
Company
      hereby irrevocably grants to the Executive a non-assignable, non-transferable
      option to purchase shares in the capital stock of Company (hereinafter called
      the “Option”). The Option shall vest over a three (3) year period, beginning
      October 1, 2006. Each year, the Executive may exercise up to one-third (1/3)
      of
      the Option, by notice in writing to Company to that effect. The Option shall
      be
      exercisable for a ten-year period as shown below. Any such notice given to
      Company (an “Exercise Notice”) shall specify the number of shares with respect
      to which the Option is being exercised and shall be accompanied by full payment
      of the Option Price for the number of shares then being purchased.

     

    
      
         

      

      
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              Date
                Vested

            	 	
              Expiration
                Date

            	 	
              #
                Available

            	 	
              Exercise
                Price

            
	
              10/01/06

            	 	
              08/01/16
                1,200,000

            	 	
              $0.50/share

            	 	 
	
              10/01/07

            	 	
              08/01/17
                1,200,000

            	 	
              $0.50/share

            	 	 
	
              10/01/08

            	 	
              08/01/18
                1,200,000

            	 	
              $0.50/share

            	 	 

    

     

    Executive
      shall also have the right to exercise this Option or any portion thereof (the
      "Exercise Right"), without payment by the Executive of the Exercise Price in
      cash or any other consideration (other than the surrender of rights to receive
      Options Shares hereunder), into shares of Common Stock as provided in this
      Section 3.7 (a). Upon receipt by the Company of a duly executed and completed
      Conversion Notice in the form attached hereto as Exhibit
      B
      for the
      exercise of the Exercise Right with respect to a particular number of Option
      shares (the “Options Shares"), the Company shall deliver to the Executive
      (without payment by the Executive of the exercise price in cash or any other
      consideration (other than the surrender of rights to receive Options Shares
      hereunder)) that number of shares of Common Stock equal to the quotient obtained
      by dividing: (x) the difference between (i) the product of (A) the Current
      Market Price of a share of Common Stock multiplied by (B) the number of Options
      Shares and (ii) the product of (A) the Exercise Price multiplied by (B) the
      number of the Options Shares, in each case as of the exercise date, by (y)
      the
      Current Market Price of a share of Common Stock on the exercise date. Further,
      in the event of a “Change of Control”, as such term is defined in Section 6.2,
      then the Options shall immediately vest and be available for exercise by the
      Executive.

     

    (b) Termination
      of Option.
      The
      Option is not assignable or transferable and shall terminate pursuant to the
      schedule set forth in Section 3.6 (a). All rights to exercise such Options
      shall
      be forfeit and otherwise extinguished in the event that the Executive fails
      to
      exercise it for any reason or cause whatsoever, provided, however, that if
      such
      failure is due to the death of the Executive, all options shall immediately
      vest
      and the personal representative of the Executive shall have the right to
      exercise any unexercised part of the Option for a period of one year following
      the date of death of the Executive. 

     

    (c)
       Additional
      Equity Awards.
      In
      addition to participating in any Company incentive stock option program,
      Executive shall be entitled to equity awards (the “Equity
      Awards”)
      in the
      event that the Company successfully receives Financing (as defined below) after
      the Effective Date in one or a series of transactions from Executive, parties
      that Executive introduced to the Company, and/or parties that were not
      stockholders of the Company prior to the date of the Agreement (“New
      Funding”).
      In
      the event such New Funding in the aggregate equals or exceeds $10.0 million,
      the
      Equity Awards will equal two percent (2.0%) of the number of Common Stock
      Equivalents (as defined below) issued in connection with the New Funding
      (subject to adjustment as set forth below). Such awards shall be issued by
      the
      Company at the time of closing of the transaction that gives rise to the
      Company’s obligation hereunder and shall be in the form of grants of incentive
      stock options exercisable over a period of ten (10) years after grant
at
      a
      price per share equal to the fair market value per share of Common Stock on
      the
      date of grant as determined by the Board.
      

     

    (i)  “Common
      Stock Equivalents”
shall
      mean the number of shares of Common Stock then outstanding, plus the
      total
      maximum aggregate number of shares that are issuable pursuant to any
      rights to subscribe for or purchase, and any options or
      warrants for
      the
      purchase of, shares of Common Stock, plus the
      total
      maximum aggregate number of shares that are issuable pursuant to any
      stock
      or securities convertible into or exchangeable for shares of Common Stock and
      any options
      or
      warrants
      therefor
      (all of the foregoing calculated after giving effect to the operation of any
      and
      all provisions designed to protect against dilution contained in securities
      theretofore issued and other obligations theretofore entered into by the Company
      directly or indirectly triggered as a result of consummation of the transactions
      contemplated hereunder or any other event or circumstance). 

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (ii)  “Financing”
shall
      mean any transaction or series of transactions that close in which the Company
      receives at least Ten Million Dollars ($10,000,000) (or such other amount as
      mutually agreed upon dollar amount by the Parties).

     

    4.  Representations.

     

    4.1.  Executive
      Representations.
      Executive hereby represents and warrants that:

     

    His
      employment with the Company under the terms of this Agreement will not conflict
      with any continuing duties or obligations Executive has with any other
      person(s), firm(s) and/or entity(ies). Executive also represents that he has
      not
      brought to the Company (during the period before or after the Effective Date
      of
      this Agreement) any confidential material(s) and/or document(s) of any former
      employer(s), or any confidential information or property belonging to
      other(s).

     

    During
      the Employment Term, he will promptly disclose to the Board of Directors of
      the
      Company any direct interest (greater than five percent (5%)) he holds, if any,
      in any business which provides service(s) and/or product(s) to the Company
      (whether as a principal, stockholder, lender, employee, director, officer,
      partner, venturer, consultant or otherwise).

     

    4.2.  Company
      Representations.
      The
      Company hereby represents and warrants that:

     

    The
      execution and delivery by the Company of this Agreement, the performance by
      the
      Company of its covenants and agreements under this Agreement, and the
      consummation by the Company of the transactions contemplated by this Agreement
      have been duly authorized by all necessary corporate action. When executed
      and
      delivered by the Company, this Agreement shall constitute the valid and legally
      binding obligation of the Company enforceable against the Company in accordance
      with its terms.

     

    Neither
      the execution and delivery of this Agreement by the Company nor the consummation
      by the Company of the transactions contemplated in this Agreement will violate
      any provision of the Restated Certificate of Incorporation or Bylaws of the
      Company or any law, rule regulation, writ, judgment, injunction, decree,
      determination, award or other order of any court, governmental agency or
      instrumentality binding upon the Company, or conflict with or result in any
      breach of or event of termination under any of the terms of, or the creation
      or
      imposition of any mortgage, deed of trust, pledge, lien, security interest
      or
      other charge or encumbrance of any nature pursuant to, the terms of any contract
      or agreement to which the Company is a party or by which the Company or any
      of
      its properties or assets is bound. No conversion or exercise price or ratio
      with
      respect to any securities of the Company will be subject to adjustment as a
      consequence of the transactions contemplated by this Agreement, nor as a result
      of such transactions will the number of securities issuable upon conversion
      or
      exercise of any outstanding securities of the Company be subject to
      adjustment.

     

    The
      Equity Award, when issued and delivered in accordance with the terms of this
      Agreement, shall be validly issued, fully paid and non-assessable shares of
      Common Stock, free and clear of any mortgages, deeds of trust, pledges, liens,
      security interests or any charges or encumbrances of any nature (other than
      the
      restrictions on the Restricted Shares expressly contemplated hereunder). There
      are no preemptive rights with respect to any shares of capital stock of the
      Company.

     

    5.  Termination.
      Executive’s employment and this Agreement (except as otherwise provided
      hereunder) shall terminate upon the occurrence of any of the following, at
      the
      time set forth therefor (the “Termination
      Date”):

     

    5.1.  Death
      or Disability.
      Immediately upon the death of Executive or after six (6) months of Executive’s
      inability to perform the essential functions of his duties, with or without
      reasonable accommodation (defined in Section 6.8 below), due to a mental or
      physical illness or incapacity (“Disability”)
      (termination pursuant to this Section 6.1 being referred to herein as
      termination for “Death
      or Disability”);

     

    
      
         

      

      
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    5.2.   Termination
      for Good Reason.
      Immediately following notice of termination for “Good Reason” (as defined
      below), specifying such Good Reason, given by Executive (termination pursuant
      to
      this Section 6.2 being referred to as termination for “Good
      Reason”.
      As
      used herein, “Good
      Reason”
means
      (i) any reduction in Base Salary; (ii) a substantial dilution of the
      responsibilities, functions and duties attached to the position with the Company
      held by Executive; (iii) the Company fails to provide any of the compensation
      or
      other benefits required hereunder; (iv) the Company otherwise is in material
      breach of this Agreement; or (v) the Company and the Executive fail to
      effectuate the matters contemplated by Sections 3.4, 3.6 or 4 within the
      respective periods contemplated thereunder. Any determination of Good Reason
      shall be made by Executive after first having given thirty (30) days written
      notice to the Board of Directors of the Company thereof.

     

    5.3.  Voluntary
      Termination.
      Thirty
      (30) days following Executive’s written notice to the Company of voluntary
      termination of employment (not extending to termination for Good Reason);
      provided, however, that the Company may waive all or a portion of the thirty
      (30) days’ notice and accelerate the effective date of such termination (and the
      Termination Date) (termination pursuant to this Section 6.2 being referred
      to
      herein as “Voluntary”
      termination); or

     

    5.4.  Termination
      For Cause.
      Immediately following notice of termination for “Cause” (as defined below),
      specifying such Cause, given by the Company (termination pursuant to this
      Section 6.4 being referred to herein as termination for “Cause”).
      As
      used herein, “Cause”
means
      (i) termination based on Executive’s conviction or plea of “guilty” or “no
      contest” to any crime constituting a felony in the jurisdiction in which the
      crime constituting a felony is committed (other than one involving Limited
      Vicarious Liability),
      any
      crime involving moral turpitude (whether or not a felony), or any other
      violation of criminal law involving dishonesty or willful misconduct that
      materially injures the Company (whether or not a felony); (ii) Executive’s
      substance abuse that in any manner interferes with the performance of his
      duties; (iii) Executive’s
      failure to perform the
      responsibilities, functions and duties attached to the position with the Company
      or
      a
      refusal to perform his duties at all or in a
      reasonably
      acceptable manner; (iv) Executive’s failure to follow the lawful and proper
      directives of the Board of Directors that
      are
      within the scope of Executive’s duties; or
      (v)
      Executive’s material
      breach of this Agreement.
      Any
      determination of for Cause termination shall be made by the Board of Directors
      of the Company after having first given thirty (30) days written notice to
      Executive of such determination, and afforded Executive the opportunity to
      be
      heard by the full Board of Directors. Notwithstanding any other provision in
      this Agreement, if Executive is terminated pursuant to subsection (iii) of
      this
      Section 6.4 for poor job performance, excluding refusal to perform his duties,
      Executive shall have sixty (60) days to cure the behavior upon which the
      threatened termination is based. For the purpose of this provision, the term
      “Limited Vicarious Liability” shall mean any liability which is based on acts of
      Company for which Executive is responsible solely as a result of his office(s)
      with Company; provided that (A) he was not directly involved in such acts and
      either had no prior knowledge of such intended actions or, upon obtaining such
      knowledge, promptly acted reasonably and in good faith to attempt to prevent
      the
      acts causing such liability or (B) after consulting with Company's counsel,
      he
      reasonably believed that no law was being violated by such acts.

     

    5.5.  Termination
      Without Cause.
      Notwithstanding any other provisions contained herein, the Company may terminate
      Executive’s employment thirty (30) days following notice of termination without
      Cause given by the Company; provided, however, that during any such thirty
      (30)
      day notice period, the Company may suspend, with no reduction in pay or
      benefits, Executive from his duties as set forth herein (including, without
      limitation, Executive’s position as a representative and agent of the Company)
      (termination pursuant to this Section 6.5 being referred to herein as
      termination “Without
      Cause”).

     

    5.6.  Other
      Remedies.
      Termination pursuant to Section 6.3 above shall be in addition to and without
      prejudice to any other right or remedy to which Executive may be entitled at
      law, in equity, or under this Agreement. Termination pursuant to Section 6.4
      above shall be in addition to and without prejudice to any other right or remedy
      to which the Company may be entitled at law, in equity, or under this
      Agreement.

     

    5.7.  Salary
      Continuation During Disability.
      Notwithstanding Section 6.1 above, if Executive suffers any physical or mental
      disability that would prevent the performance of his essential job duties,
      the
      Company agrees to pay Executive one hundred percent (100%) of Executive’s
      salary, payable in the same manner as provided for the payment of salary herein,
      for the duration of the disability, or six (6) months, whichever is less.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    5.8.  Reasonable
      Accommodation.
      “Reasonable
      accommodation”
shall
      mean the acquisition or modification of equipment or devices, adjustment or
      modifications of training materials or policies, the provision of qualified
      readers or interpreters, and other similar accommodations for individuals with
      disabilities so long as said accommodation does not require significant
      difficulty or expense when considered in light of (i) the nature and cost of
      the
      accommodation, (ii) the impact of the accommodation on the operations of the
      Company, and (iii) the financial resources of the Company.

     

    6.  Severance
      and Termination.

     

    6.1.  Voluntary
      Termination, Termination for Cause, Termination for Death or
      Disability.
      In the
      case of a termination of Executive’s employment hereunder for Death in
      accordance with Section 6.1 above, or Executive’s Voluntary termination of
      employment hereunder in accordance with Section 6.3 above, or a termination
      of
      Executive’s employment hereunder for Cause in accordance with Section 6.4 above,
      (i) Executive shall not be entitled to receive payment of, and the Company
      shall
      have no obligation to pay, any severance or similar compensation attributable
      to
      such termination, other than Base Salary earned but unpaid, accrued but unused
      vacation to the extent required by the Company’s policies and any non-reimbursed
      expenses pursuant to Section 4 hereof incurred by Executive as of the
      termination date, and (ii) the Company’s obligations under this Agreement shall
      immediately cease except as required by law. Provided further, in the event
      of
      Executive’s Voluntary termination of employment hereunder in accordance with
      Section 6.3 above, or a termination of Executive’s employment hereunder for
      Cause in accordance with Section 6.4 above, Executive shall tender back to
      the
      Company all unexercised options granted to Executive by the Company in
      connection with Executive’s employment. 

     

    6.2.  Termination
      for Good Reason, Termination Without Cause.
      

     

    In
      the
      case of a termination of Executive’s employment hereunder for Good Reason in
      accordance with Section 6.2 above, or Without Cause in accordance with Section
      6.4 above, the Company shall, within 30 days of the Termination Date, pay
      Executive, in a lump-sum, cash in the amount (the “Severance
      Payment”)
      of the
      sum of (x) 50% of his annual Base Salary then in effect plus (y) the product
      obtained by multiplying the Monthly Allowance and six; provided, however, that,
      in the event such termination of Executive’s employment follows a
“Change-of-Control” (as defined below), the Severance Payment shall be an amount
      equal to the sum of (x) 150% of his annual Base Salary then in effect plus
      (y)
      the product obtained by multiplying the Monthly Allowance and 18. As used
      herein, “Change-of-Control”
      means:

     

    (i)  the
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) under the Securities Exchange Act of 1934, as amended
      [the
“Exchange
      Act”])
      of
      beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
      Exchange Act) of 20% or more of the combined voting power of the outstanding
      voting securities of the Company entitled to vote generally in the election
      of
      directors; provided, however, that the following acquisitions shall not
      constitute a Change-of-Control: (w) any acquisition directly from the Company,
      (x) any acquisition by the Company, (y) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company, or (z) any
      acquisition by any corporation pursuant to a transaction which complies with
      clauses (w), (x) and (y) immediately preceding; or

     

    (ii)  individuals
      who, as of the date hereof, constitute the Board of Directors of the Company
      (the “Incumbent
      Board”)
      cease
      for any reason to constitute at least a majority of the Board of Directors
      of
      the Company unless they are replaced with a slate nominated by at least a
      majority of the Incumbent Board and further provided that any individual
      becoming a director subsequent to the date hereof whose election, or nomination
      for election by the Company's stockholders, was approved by a vote of at least
      a
      majority of the directors then comprising the Incumbent Board shall, for
      purposes of this sub-paragraph (ii), be considered as though such individual
      were a member of the Incumbent Board, but excluding, for this purpose, any
      such
      individual whose initial assumption of office occurs as a result of an actual
      or
      threatened election contest with respect to the election or removal of directors
      or other actual or threatened solicitation of proxies or consents by or on
      behalf of an individual, entity or group other than the Board of Directors
      of
      the Company acting by at least a majority thereof; or

     

    
      
         

      

      
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    (iii)  Consummation
      of a reorganization, merger or consolidation or sale or disposition of all
      or
      substantially all of the assets of the Company (a “Business
      Combination”),
      in
      each case, unless, following such transaction: (x) all or substantially all
      of
      the individuals and entities who were the beneficial owners, respectively,
      of
      the outstanding voting securities of the Company entitled to vote generally
      in
      the election of directors immediately prior to such Business Combination
      beneficially own, directly or indirectly, more than 50% (20% in the case of
      any
      Business Combination being proposed and implemented by at least a majority
      of
      the Incumbent Board) of the combined voting power of the then outstanding voting
      securities entitled to vote generally in the election of directors of the
      corporation resulting from such Business Combination (including, without
      limitation, a corporation which as a result of such transaction owns the Company
      or all or substantially all of the Company's assets either directly or through
      one or more subsidiaries) in substantially the same proportions as their
      ownership, immediately prior to such Business Combination, of the outstanding
      voting securities of the Company entitled to vote generally in the election
      of
      directors, (y) no individual, entity or group beneficially owns, directly or
      indirectly, 20% or more of the combined voting power of the then outstanding
      voting securities of such corporation except to the extent that such ownership
      existed prior to the Business Combination, and (z) at least a majority of the
      members of the board of directors of the corporation resulting from such
      Business Combination were members of the Incumbent Board, or were nominated
      by
      at least a majority of the members of the Incumbent Board, at the time of the
      execution of the initial agreement, or by the action of the Board providing
      for
      such Business Combination; or

     

    (iv)  Approval
      by the stockholders of the Company of a complete liquidation or dissolution
      of
      the Company.

     

    In
      addition, in the event Paragraph (a) immediately preceding applies, for six
      months after the Termination Date (or such longer period as may be provided
      by
      the terms of the appropriate plan, program, practice or policy), the Company
      shall continue Welfare Benefits to the Executive and/or his family at least
      equal to those which would have been provided if the Executive’s employment had
      not been terminated (provided, however, that such period shall be eighteen
      months in the event such Paragraph (a) applies following a
      Change-of-Control).

     

    Notwithstanding
      the foregoing, in the event Executive is a “specified employee” as defined in
      Section 409A(a)(2)(B)(i) of the Code, the payment of the Severance Payment
      under
      this Section 7.2 shall be made no earlier than six months after the Termination
      Date.

     

    7.  Severance
      Not Conditioned on Release of Claims.

     

    7.1.  Release.
      The
      Company’s obligation to provide Executive with the Severance Payment set forth
      in Section 7.2 is not contingent upon Executive’s execution of a release of
      claims in favor of the Company.

     

    8.  Non-competition,
      Non-solicitation.

     

    8.1.  Non-Competition.
      Executive agrees that he shall not, during the Employment Term and for twelve
      (12) months subsequent thereto, without both the disclosure to and the written
      approval of the Board of Directors of the Company, directly or indirectly,
      engage or be interested in (whether as a principal, lender, employee, officer,
      director, partner, venturer, consultant or otherwise) any business(es) that
      is
      competitive with the business being conducted by the Company through the
      Termination Date, without the express written approval of the Board of
      Directors.

     

    8.2.  Non-Solicitation.
      Executive agrees that he will not, without the prior written consent of the
      Company’s Board of Directors, for a period of twelve (12) months after the
      Termination Date, directly or indirectly disturb, entice, or in any other manner
      persuade, any employee(s) or consultant(s) of the Company to discontinue that
      person’s or firm’s relationship with the Company if the employee(s) and/or
      consultant(s) were employed by the Company at any time during the twelve (12)
      month period prior to the Termination Date.

     

    8.3.  Customers.
      Executive agrees that he will not, for a period of twelve (12) months following
      the Termination Date, contact or solicit orders, sales or business from any
      customer of the Company so as to induce or attempt to induce such customer
      to
      cease doing business with the Company.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    8.4.  Public
      Investments.
      The
      provisions of Section 9.1 through 9.3, inclusive, shall not be deemed breached
      by reason of Executive’s ownership of 10% or less of the equities of any entity
      with a class of publicly traded securities.

     

    9.  Inventions,
      Discoveries and Improvements.
      Any and
      all invention(s), discovery(ies) and improvement(s), whether protectable or
      unprotectable by patent, trademark, copyright or trade secret, made, devised,
      or
      discovered by Executive, whether by Executive alone or jointly with others,
      from
      the time of entering the Company’s employ until the earlier of the Termination
      Date of this Agreement or the actual date of termination of employment, relating
      or pertaining in any way to Executive’s employment with the Company, shall be
      promptly disclosed in writing to the Board of Directors of the Company, and
      become and remain the sole and exclusive property of the Company. Executive
      agrees to execute any assignments to the Company, or its nominee, of the
      Executive’s entire right, title, and interest in and to any such inventions,
      discoveries and improvements and to execute any other instruments and documents
      requisite or desirable in applying for and obtaining patents, trademarks or
      copyrights at the cost of the Company, with respect thereto in the United States
      and in all foreign countries, that may be requested by the Company. Executive
      further agrees, whether or not then in the employment of the Company, to
      cooperate to the fullest extent and in the manner that may be reasonably
      requested by the Company in the prosecution and/or defense of any suit(s)
      involving claim(s) of infringement and/or misappropriation of proprietary rights
      relevant to patent(s), trademark(s), copyright(s), trade secret(s), processes,
      and/or discoveries involving the Company’s product(s); it being understood that
      all reasonable costs and expenses thereof shall be paid by the Company. The
      Company shall have the sole right to determine the treatment of disclosures
      received from Executive, including the right to keep the same as a trade secret,
      to use and disclose the same without a prior patent application, to file and
      prosecute United States and foreign patent application(s) thereon, or to follow
      any other procedure which the Company may deem appropriate. In accordance with
      this provision, Executive understands and is hereby further notified that this
      Agreement does not apply to an invention which the employee developed entirely
      on his own time without using the Company’s equipment, supplies, facilities, or
      trade secret information.

     

    10.  Confidential
      Information and Trade Secrets.

     

    10.1.  Non-Disclosure.
      Executive hereby acknowledges that all confidential or proprietary trade,
      engineering, production, and technical data, information or “know-how”
including, but not limited to, customer lists, sales and marketing techniques,
      vendor names, purchasing information, processes, methods, investigations, ideas,
      equipment, tools, programs, costs, product profitability, plans, specifications,
      patent application(s), drawings, blueprints, sketches, layouts, formulas,
      inventions, processes and data, whether or not reduced to writing, used in
      the
      development and manufacture of the Company’s products and/or the performance of
      services, or in research or development, are the exclusive property of the
      Company, and shall be at all times, whether after the Effective Date or after
      the Termination Date, be kept strictly confidential and secret by Executive;
      it
      being understood, however, that information which was publicly known, or which
      is in the public domain, or which is generally known, shall not be subject
      to
      this restriction (and Executive’s duties of non-disclosure shall further not
      extend to (i) disclosures to other employees, executives, officers and/or
      directors of the Company, or as may be required or appropriate in connection
      with performance hereunder, and (ii) the requirements of legal process, subpoena
      or other court order). 

     

    10.2.  Return
      of Property.
      Executive agrees not to remove from the Company’s office or copy any of the
      Company’s confidential information, trade secrets, books, records, documents or
      customer or supplier lists, or any copies of such documents, without the express
      written permission of the Board of Directors of the Company or as may be
      required or appropriate in connection with performance hereunder. Executive
      agrees, at the Termination Date, to return any property belonging to the
      Company, including, but not limited to, any and all records, notes, drawings,
      specifications, programs, data and other materials (or copies thereof)
      pertaining to the Company’s businesses or its product(s) and service(s),
      generated or received by Executive during the course of his employment with
      the
      Company.

     

    11.  Information
      of Others.
      Executive agrees that the Company does not desire to acquire from Executive
      any
      secret or confidential information or “know-how” of others. Executive,
      therefore, specifically represents to the Company that he will not bring to
      the
      Company any materials, documents, or writings containing any such information.
      Executive represents and warrants that from the Effective Date of this Agreement
      he is free to divulge to the Company, without any obligation to, or violation
      of, the rights of others, information, practices and/or techniques which
      Executive will describe, demonstrate or divulge or in any other manner make
      known to the Company during Executive’s performance of services. Executive also
      agrees to indemnify and hold the Company harmless from and against any and
      all
      liabilities, losses, costs, expenses, damages, claims or demands for any
      violation of the rights of others as it relates to Executive’s misappropriation
      of secrets, confidential information, or “know-how” of others. Such
      indemnification will not apply in the event action by the Company is
      unsuccessful.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    12.  Survival.
      Executive’s duties under paragraphs 8,9,10 and 11 survive termination of
      Executive’s employment with Company. Executive acknowledges that a remedy at law
      for any breach or threatened breach by Executive of the provisions of the
      Proprietary Information Agreement would be inadequate and Executive therefore
      agree that Company shall be entitled to injunctive relief in case of any such
      breach or threatened breach.

     

    13.  Indemnification.
      The
      Company shall indemnify Executive in his capacity as director, officer and
      employee of the Company upon terms no less favorable to him than are contained
      under Article 7 of the Restated Certificate of Incorporation of the Company,
      and
      Article VI of the By-laws of the Company, as in effect on the date hereof.
      The
      Company shall extend to Executive the benefits of directors’ and officers’
liability insurance upon terms no less favorable than are extended to any other
      director or officer of the Company.

     

    14.  Notice.

     

    14.1.  Notices.
      All
      notices and other communications under this Agreement shall be in writing and
      shall be delivered personally or mailed by registered or certified mail, return
      receipt requested, and shall be deemed given when so delivered or mailed, to
      a
      party at his or its address as follows (or at such other address as a party
      may
      designate by notice given hereunder):

     

    If
      to
      Executive:             At
      the
      address (or to the facsimile number) shown on the records 

    of
      Company.

    

    If
      to the
      Company:               
  Dot
      VN,
      Inc.

    9449
      Balboa Ave., Suite 114

    San
      Diego, CA 92123 

       

    15.  Dispute
      Resolution. If
      the
      Parties are unable to resolve a dispute informally, the following provisions
      shall control:

     

    15.1.  Excepting
      claims for injunctive relief and/or other equitable relief for unfair
      competition and/or the use or unauthorized disclosure of trade secrets or
      confidential information, both Company and Executive shall submit all claims,
      disputes or controversies (“Claims”) against the other arising from or relating
      in any way to this Agreement, whether based in contract or tort, including
      discrimination claims under state and federal law, claims that could otherwise
      be asserted in class action litigation, such as wage and hour claims,
      discrimination claims, post-termination claims, and claims regarding the
      applicability of this arbitration clause or the validity of the Agreement,
      to
      binding arbitration pursuant to the rules of the American Arbitration
      Association. Nothing herein shall be construed to preclude class arbitrations
      on
      common issues. In all arbitration matters, Company shall bear the costs of
      the
      forum and all arbitrator(s) fees.

     

    15.2.  All
      claims subject to arbitration shall be arbitrated by a sole arbitrator, who
      shall have the power to determine all issues, including arbitrability, award
      equitable relief and all forms of damages, including punitive damages. If the
      Parties cannot agree on a single arbitrator, or a method to select a single
      arbitrator, a panel of 3 arbitrators shall be employed, the Parties each
      selecting one arbitrator, and the two arbitrators so selected shall choose
      a
      third “independent” arbitrator. All arbitrators must have experience specific to
      the subject matter of the dispute. The arbitration hearing will be held in
      San
      Diego, California. The decision shall be in writing and include a statement
      of
      facts and the reason for the decision. Judgment may be entered in any court
      of
      competent jurisdiction after a thirty day waiting period, during which time
      the
      Parties further agree that all proceedings are to remain confidential. If the
      affected party fully complies with the arbitration award within 30 days, no
      further proceedings shall be had, and the matter shall be considered concluded.
      

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    IN
      THE
      ABSENCE OF THIS ARBITRATION AGREEMENT YOU AND WE MAY OTHERWISE HAVE HAD A RIGHT
      OR OPPORTUNITY TO LITIGATE CLAIMS THROUGH A COURT, AND / OR TO PARTICIPATE
      OR BE
      REPRESENTED IN LITIGATION FILED IN COURT BY OTHERS, BUT EXCEPT AS OTHERWISE
      PROVIDED ABOVE, ALL CLAIMS MUST NOW BE RESOLVED THROUGH
      ARBITRATION.

     

    16.  Nondisparagment.
      Except
      for statements made in the course of sworn testimony in administrative, judicial
      or arbitral proceedings, both Executive and Company (for purposes hereof,
      Company shall mean only the executive officers and directors thereof and not
      any
      other employees) agree not to make any public statements that disparage the
      other party, or in the case of Company, its respective affiliates, employees,
      officers, directors, products or services. 

     

    17.  Attorney's
      Fees.
      Except
      for matters subject to the mandatory arbitration provisions of Section 17,
      if
      either party brings any action to enforce its rights hereunder, the prevailing
      party in any such action shall be entitled to recover his or its reasonable
      attorneys' fees and costs in connection with such action.

     

    18.  Miscellaneous.

     

    18.3.  Post
      Termination Obligations.
      Notwithstanding the termination of Executive’s employment hereunder, the
      provision(s) of Section(s) “5,” “7,” “9,” “10,” “11,” “13,” and “15” shall
      survive the Termination Date.

     

    18.4.  Assignment.
      This
      Agreement shall be assigned to and inure to the benefit of, and be binding
      upon,
      any successor to substantially all of the assets and business of the Company
      as
      a going concern, whether by merger, consolidation, liquidation or sale of
      substantially all of the assets of the Company or otherwise. The Company will
      require any successor (whether direct or indirect, by purchase, merger,
      consolidation or otherwise) to all or substantially all of the business and/or
      assets of the Company to assume expressly and agree to perform this Agreement
      in
      the same manner and to the same extent that the Company would be required to
      perform it if no such succession had taken place; and, as used in this
      Agreement, "Company"
      shall
      mean the Company as hereinbefore defined and any successor to its business
      and/or assets as aforesaid which assumes and agrees to perform this Agreement
      by
      operation of law, or otherwise. Executive understands and agrees, however,
      that
      this Agreement is exclusive and personal to him only, and, as such, he will
      neither assign nor subcontract all or part of his undertaking(s) or
      obligation(s) under the terms of this Agreement.

     

    18.5.  Severability.
      In the
      event that any provision of this Agreement shall be determined to be
      unenforceable or otherwise invalid, the balance of the provision(s) shall be
      deemed to be enforceable and valid; it being understood that all provision(s)
      of
      this Agreement are deemed to be severable, so that unenforceability or
      invalidity of any single provision will not affect the remaining
      provision(s).

     

    18.6.  Headings.
      The
      Section(s) and paragraph heading(s) in this Agreement are deemed to be for
      convenience only, and shall not be deemed to alter or affect any provision
      herein.

     

    18.7.  Interpretation
      of Agreement.
      This
      Agreement shall be interpreted in accordance plain meaning of its terms and
      under the laws of the State of Delaware.

     

    18.8.  Variation.
      Any
      changes in the Sections relating to salary, bonus, or other material
      condition(s) after the Effective Date of this Agreement shall not be deemed
      to
      constitute a new Agreement. All unchanged terms are to remain in force and
      effect.

     

    18.9.  Collateral
      Documents.
      Each
      party hereto shall make, execute and deliver such other instrument(s) or
      document(s) as may be reasonably required in order to effectuate the purposes
      of
      this Agreement.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    18.10.  Non-Impairment.
      This
      Agreement may not be amended or supplemented at any time unless reduced to
      a
      writing executed by each party hereto. No amendment, supplement or termination
      of this Agreement shall affect or impair any of the rights or obligations which
      may have matured thereunder.

     

    18.11.  Execution.
      This
      Agreement may be executed in one or more counterpart(s), and each executed
      counterpart(s) shall be considered by the parties as an original.

     

    18.12.  Legal
      Counsel.
      Executive represents to the Company that he has retained legal counsel of his
      own choosing, and was given sufficient opportunity to obtain legal counsel
      prior
      to executing this Agreement. Executive also represents that he has read each
      provision of this Agreement and understands its meaning.

     

    18.13.  Transition.
      In the
      event that Executive’s employment with the Company terminates, Executive shall,
      through the last day of employment, and at the Company’s request, use
      Executive’s reasonable best efforts (at the Company’s expense) to assist the
      Company in transitioning Executive’s duties and responsibility responsibilities
      to Executive’s successor and maintaining the Company’s professional relationship
      with all customers, suppliers, etc. Without limiting the generality of the
      foregoing, Executive shall cooperate and assist the Company, at the Company’s
      direction and instruction, during the transition period between any receipt
      of
      or giving of notice of the termination of employment and the final day of
      employment. 

     

    [THE
      NEXT
      PAGE IS A SIGNATURE PAGE]

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have set their hands and seals the day and year first above
      written.

     

    
      	
              THE
                COMPANY:

              

              DOT
                VN, INC.

               

            	 	 	 
	 	 	 	 
	
              

              By:
                Lee Johnson

              Its:
                President

            	 	 	
            
	 	 	 	 

    

    
      	EXECUTIVE	 	 	 
	
            	 	 	 
	
              

              Thomas
                Johnson

            	 	 	
            
	
            	 	 	
            

    

      
        
           

        

        
          12EXECUTIVE
      EMPLOYMENT AGREEMENT

     

    This
      Employment Agreement dated as of August 7, 2007 (“Agreement”)
      is
      made by and between Dot
      VN, Inc.,
      a
      corporation duly organized and existing under the laws of the State of Delaware
      (the “Company”),
      and
Louis
      P. Huynh
      (“Executive”)
      (referred to collectively herein as the “Parties”).

     

    RECITALS

     

    	A.  	
            WHEREAS,
              Executive is serving as its General Counsel, and one of Company’s “key
              men”; and

          

     

    	B.  	
            WHEREAS,
              Executive currently sits on the Company’s Board of Directors;
              and

          

     

    	C.  	
            WHEREAS,
              Company desires to retain Executive's services, to formalize its
              employment agreement with him, and to demonstrate its appreciation
              for his
              efforts; and

          

     

    	D.  	
            WHEREAS,
              Company and the Executive wish to clarify their respective rights
              concerning the Executive's employment relationship with
              Company.

          

     

    NOW,
      THEREFORE,
      in
      consideration of the premises and the mutual covenants and promises contained
      herein, and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, the parties hereto hereby agree
      as
      follows:

     

    	1.  	
            Nature
              of Agreement.
              Any
              and all prior oral understandings, offers, and/or representations (if
              any)
              with respect to the employment of Executive are deemed by the parties
              to
              be either canceled and void and/or are deemed to be superseded by this
              final written Agreement.

          

     

    	2.  	
            Employment
              Terms and Duties.

          

     

    2.1.  Term
      of Employment.
      The
      employment of Executive under this Agreement shall be deemed to have commenced
      on August 7, 2007, and shall continue until terminated in accordance with
      Section 6 hereof (the “Employment
      Term”).
      

     

    2.2.  Location.
      Executive agrees that he shall carry out his duties and obligations under the
      terms of this Agreement at the Company’s principal office in San Diego,
      California and at such place or places as Company shall reasonably designate
      or
      as shall be reasonably appropriate and necessary in connection with such
      employment. 

     

    2.3.  Position
      and Primary Responsibility.

     

    	a)  	
            It
              is understood that Executive shall serve as General Counsel and Secretary
              for the Company with all powers and obligations associates with such
              position as set forth in the Bylaws of the Corporation. Contemporaneously
              with the execution and delivery of this Agreement, the Company shall
              effectuate all such actions as shall be required to procure the
              appointment of Executive as General Counsel and Corporate Secretary
              of the
              Company.

          

     

    The
      Company agrees that, during the Employment Term, neither the Restated
      Certificate of Incorporation, nor the Bylaws, of the Company shall at any time
      be amended in a manner inconsistent with the foregoing or the additional
      provisions of this Agreement. 

     

    2.4 Best
      Efforts.
      Executive agrees to devote his best efforts to the performance of Executive’s
      duties hereunder and to the business and affairs of Company..
      This
      Agreement shall not be interpreted to prohibit Executive from making passive
      personal investments or conducting private business affairs, or serving on
      the
      boards of directors of other companies or other entities, if those activities
      do
      not materially interfere with the services required under this Agreement and
      do
      not violate Sections 5, 9 and/or 11 of this Agreement. 

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

     

    	3.  	
            Compensation.

          

     

    3.1.  Base
      Salary.
      Company
      will compensate Executive for the services rendered hereunder a Base Salary
      of
      $120,000.00 per year payable in accordance with the regular payroll practices
      of
      Company. The Executive's Base Salary shall be subject to annual review by the
      Board and may be increased, but not decreased, from time to time by the Board.
      No increase to Base Salary shall be used to offset or otherwise reduce any
      obligations of Company to the Executive hereunder or otherwise. The base salary
      as determined herein from time to time shall constitute "Base Salary" for
      purposes of this Agreement.

     

    3.2.  Employee
      Benefits.
      Executive shall also be entitled to all rights and benefits for which Executive
      shall be eligible under bonus, vacation, sick days, pension, group insurance,
      disability, life insurance, profit-sharing or other Company benefits which
      may
      now or in the future be in force from time to time and provided to Executive
      or
      for Company's employees generally. Additionally, Executive shall be entitled
      to
      a non-accountable monthly allowance of Five Hundred Dollars ($500.00)
(the“Monthly
      Allowance”).

     

    3.3.  Business
      and Travel Expenses.
      During
      the Employment Term, the Company shall reimburse the Executive for all
      reasonable and necessary business and travel expenses incurred by the Executive
      while performing his duties under this Agreement in accordance with the
      Company’s customary practices for its executive employees, subject to provision
      by the Executive of documentation reasonably satisfactory to the Company.
      Further, Executive shall be entitled to a non accountable one hundred dollar
      ($100.00) per day allowance while traveling on the Company’s
      account.

     

    3.4.  Cash
      and Equity Bonuses.
      The
      Executive shall have a
      bonus
      entitlement during each calendar year (or portion thereof) of the Employment
      Term equal to one hundred percent of his Base Salary for such year (or portion
      thereof) payable to Executive in cash or equity or any combination thereof
      at
      the election of Executive.. Within thirty (30) days of the Effective Date,
      the
      Company and the Executive shall concur, within their respective reasonable
      discretion, on the criteria and procedures applicable to establishment of
      Executive’s entitlement to such amount for the then current calendar year; and,
      thereafter, within thirty (30) days prior to the commencement of each calendar
      year of the Employment Term, the Company and the Executive shall concur, within
      their respective reasonable discretion, on the criteria and procedures
      applicable to establishment of Executive’s entitlement to such amount for the
      ensuing calendar year. Such criteria shall include, without limitation: (i)
      specified revenue targets for the Company during the applicable period; (ii)
      specified EBITDA targets for the Company during the applicable period (as
      defined pursuant to consensus between the Company and the Executive); (iii)
      completion of projects defined by the Board; and (iv) additional specified
      targets for the Company and/or the Executive. 

     

    3.5.  Payment.
      All
      compensation payable to Executive hereunder shall be subject to all applicable
      state and federal employment law(s); it being understood that Executive shall
      be
      responsible for the payment of all taxes resulting from a determination that
      any
      portion of the compensation and/or benefits paid/received hereunder is a taxable
      event to Executive; it being further understood that Executive shall hold the
      Company harmless from any governmental claim(s) for Executive’s personal tax
      liabilities, including interest or penalties, arising from any failure by
      Executive to pay his individual taxes when due.

     

    3.6.  Compensation
      Review.
      It is
      understood and agreed that Executive’s performance will be reviewed by the
      Company’s Board of Directors as of the anniversary date of each year this
      Agreement is in force for the purpose of determining whether or not Executive’s
      Base Salary and/or cash bonuses should be increased; it being further understood
      that the decision to increase Executive’s compensation shall be at the sole and
      exclusive option of the Board of Directors.

     

    3.7.  Equity
      Awards.
      

     

    (a)
       Grant
      of Option.
      The
Company
      hereby irrevocably grants to the Executive a non-assignable, non-transferable
      option to purchase shares in the capital stock of Company (hereinafter called
      the “Option”). The Option shall vest over a three (3) year period, beginning
      July 1, 2007. Each year, the Executive may exercise up to one-third (1/3) of
      the
      Option, by notice in writing to Company to that effect. The Option shall be
      exercisable for a ten-year period as shown below. Any such notice given to
      Company (an “Exercise Notice”) shall specify the number of shares with respect
      to which the Option is being exercised and shall be accompanied by full payment
      of the Option Price for the number of shares then being purchased.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              Date
                Vested

            	 	
              Expiration
                Date

            	 	
              #
                Available

            	 	
              Exercise
                Price

            
	
              8/7/07

            	 	
              8/7/17
                66,666

            	 	
              $1.80/share

            	 	 
	
              8/7/08

            	 	
              8/7/18
                66,667

            	 	
              $1.80/share

            	 	 
	
              8/7/09

            	 	
              8/7/19
                66,667

            	 	
              $1.80/share

            	 	 

    

     

    Executive
      shall also have the right to exercise this Option or any portion thereof (the
      "Exercise Right"), without payment by the Executive of the Exercise Price in
      cash or any other consideration (other than the surrender of rights to receive
      Options Shares hereunder), into shares of Common Stock as provided in this
      Section 3.7 (a). Upon receipt by the Company of a duly executed and completed
      Conversion Notice in the form attached hereto as Exhibit
      B
      for the
      exercise of the Exercise Right with respect to a particular number of Option
      shares (the “Options Shares"), the Company shall deliver to the Executive
      (without payment by the Executive of the exercise price in cash or any other
      consideration (other than the surrender of rights to receive Options Shares
      hereunder)) that number of shares of Common Stock equal to the quotient obtained
      by dividing: (x) the difference between (i) the product of (A) the Current
      Market Price of a share of Common Stock multiplied by (B) the number of Options
      Shares and (ii) the product of (A) the Exercise Price multiplied by (B) the
      number of the Options Shares, in each case as of the exercise date, by (y)
      the
      Current Market Price of a share of Common Stock on the exercise date. Further,
      in the event of a “Change of Control”, as such term is defined in Section 6.2,
      then the Options shall immediately vest and be available for exercise by the
      Executive.

     

    (b) Termination
      of Option.
      The
      Option is not assignable or transferable and shall terminate pursuant to the
      schedule set forth in Section 3.6 (a). All rights to exercise such Options
      shall
      be forfeit and otherwise extinguished in the event that the Executive fails
      to
      exercise it for any reason or cause whatsoever, provided, however, that if
      such
      failure is due to the death of the Executive, all options shall immediately
      vest
      and the personal representative of the Executive shall have the right to
      exercise any unexercised part of the Option for a period of one year following
      the date of death of the Executive. 

     

    (c) Grant
      of Stock.
      In
      connection with the execution of this Agreement, Executive shall be entitled
      to
      a stock grant of 19,445 shares of the Company’s common stock. Such shares to be
      fully paid, duly authorized, and non-assessible upon issuance to
      Executive.

     

    	4.  	
            Representations.

          

     

    4.1.  Executive
      Representations.
      Executive hereby represents and warrants that:

     

    His
      employment with the Company under the terms of this Agreement will not conflict
      with any continuing duty(ies) or obligation(s) Executive has with any other
      person(s), firm(s) and/or entity(ies). Executive also represents that he has
      not
      brought to the Company (during the period before or after the Effective Date
      of
      this Agreement) any confidential material(s) and/or document(s) of any former
      employer(s), or any confidential information or property belonging to
      other(s).

     

    During
      the Employment Term, he will promptly disclose to the Board of Directors of
      the
      Company any direct interest (greater than five percent (5%)) he holds, if any,
      in any business which provides service(s) and/or product(s) to the Company
      (whether as a principal, stockholder, lender, employee, director, officer,
      partner, venturer, consultant or otherwise).

     

    4.2.  Company
      Representations.
      The
      Company hereby represents and warrants that:

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    The
      execution and delivery by the Company of this Agreement, the performance by
      the
      Company of its covenants and agreements under this Agreement, and the
      consummation by the Company of the transactions contemplated by this Agreement
      have been duly authorized by all necessary corporate action. When executed
      and
      delivered by the Company, this Agreement shall constitute the valid and legally
      binding obligation of the Company enforceable against the Company in accordance
      with its terms.

     

    Neither
      the execution and delivery of this Agreement by the Company nor the consummation
      by the Company of the transactions contemplated in this Agreement will violate
      any provision of the Restated Certificate of Incorporation or Bylaws of the
      Company or any law, rule regulation, writ, judgment, injunction, decree,
      determination, award or other order of any court, governmental agency or
      instrumentality binding upon the Company, or conflict with or result in any
      breach of or event of termination under any of the terms of, or the creation
      or
      imposition of any mortgage, deed of trust, pledge, lien, security interest
      or
      other charge or encumbrance of any nature pursuant to, the terms of any contract
      or agreement to which the Company is a party or by which the Company or any
      of
      its properties or assets is bound. No conversion or exercise price or ratio
      with
      respect to any securities of the Company will be subject to adjustment as a
      consequence of the transactions contemplated by this Agreement, nor as a result
      of such transactions will the number of securities issuable upon conversion
      or
      exercise of any outstanding securities of the Company be subject to
      adjustment.

     

    The
      Equity Award, when issued and delivered in accordance with the terms of this
      Agreement, shall be validly issued, fully paid and non-assessable shares of
      Common Stock, free and clear of any mortgages, deeds of trust, pledges, liens,
      security interests or any charges or encumbrances of any nature (other than
      the
      restrictions on the Restricted Shares expressly contemplated hereunder). There
      are no preemptive rights with respect to any shares of capital stock of the
      Company.

     

    	5.  	
            Termination.
              Executive’s employment and this Agreement (except as otherwise provided
              hereunder) shall terminate upon the occurrence of any of the following,
              at
              the time set forth therefor (the “Termination
              Date”):

          

     

    5.1.  Death
      or Disability.
      Immediately upon the death of Executive or after six (6) months of Executive’s
      inability to perform the essential functions of his duties, with or without
      reasonable accommodation (defined in Section 6.8 below), due to a mental or
      physical illness or incapacity (“Disability”)
      (termination pursuant to this Section 6.1 being referred to herein as
      termination for “Death
      or Disability”);

     

    5.2.   Termination
      for Good Reason.
      Immediately following notice of termination for “Good Reason” (as defined
      below), specifying such Good Reason, given by Executive (termination pursuant
      to
      this Section 6.2 being referred to as termination for “Good
      Reason”.
      As
      used herein, “Good
      Reason”
means
      (i) any reduction in Base Salary; (ii) a substantial dilution of the
      responsibilities, functions and duties attached to the position with the Company
      held by Executive; (iii) the Company fails to provide any of the compensation
      or
      other benefits required hereunder; (iv) the Company otherwise is in material
      breach of this Agreement; or (v) the Company and the Executive fail to
      effectuate the matters contemplated by Sections 3.4, 3.6 or 4 within the
      respective periods contemplated thereunder. Any determination of Good Reason
      shall be made by Executive after first having given thirty (30) days written
      notice to the Board of Directors of the Company thereof.

     

    5.3.  Voluntary
      Termination.
      Thirty
      (30) days following Executive’s written notice to the Company of voluntary
      termination of employment (not extending to termination for Good Reason);
      provided, however, that the Company may waive all or a portion of the thirty
      (30) days’ notice and accelerate the effective date of such termination (and the
      Termination Date) (termination pursuant to this Section 6.2 being referred
      to
      herein as “Voluntary”
      termination); or

     

    5.4.  Termination
      For Cause.
      Immediately following notice of termination for “Cause” (as defined below),
      specifying such Cause, given by the Company (termination pursuant to this
      Section 6.4 being referred to herein as termination for “Cause”).
      As
      used herein, “Cause”
means
      (i) termination based on Executive’s conviction or plea of “guilty” or “no
      contest” to any crime constituting a felony in the jurisdiction in which the
      crime constituting a felony is committed (other
      than one involving Limited Vicarious Liability),
      any
      crime involving moral turpitude (whether or not a felony), or any other
      violation of criminal law involving dishonesty or willful misconduct that
      materially injures the Company (whether or not a felony); (ii) Executive’s
      substance abuse that in any manner interferes with the performance of his
      duties; (iii) Executive’s
      failure to perform the
      responsibilities, functions and duties attached to the position with the Company
      or
      a
      refusal to perform his duties at all or in a
      reasonably
      acceptable manner; (iv) Executive’s failure to follow the lawful and proper
      directives of the Board of Directors that
      are
      within the scope of Executive’s duties; or
      (v)
      Executive’s material
      breach of this Agreement.
      Any
      determination of for Cause termination shall be made by the Board of Directors
      of the Company after having first given thirty (30) days written notice to
      Executive of such determination, and afforded Executive the opportunity to
      be
      heard by the full Board of Directors. Notwithstanding any other provision in
      this Agreement, if Executive is terminated pursuant to subsection (iii) of
      this
      Section 6.4 for poor job performance, excluding refusal to perform his duties,
      Executive shall have sixty (60) days to cure the behavior upon which the
      threatened termination is based. For the purpose of this provision, the term
      “Limited Vicarious Liability” shall mean any liability which is based on acts of
      Company for which Executive is responsible solely as a result of his office(s)
      with Company; provided that (A) he was not directly involved in such acts and
      either had no prior knowledge of such intended actions or, upon obtaining such
      knowledge, promptly acted reasonably and in good faith to attempt to prevent
      the
      acts causing such liability or (B) after consulting with Company's counsel,
      he
      reasonably believed that no law was being violated by such acts.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    5.5.  Termination
      Without Cause.
      Notwithstanding any other provisions contained herein, the Company may terminate
      Executive’s employment thirty (30) days following notice of termination without
      Cause given by the Company; provided, however, that during any such thirty
      (30)
      day notice period, the Company may suspend, with no reduction in pay or
      benefits, Executive from his duties as set forth herein (including, without
      limitation, Executive’s position as a representative and agent of the Company)
      (termination pursuant to this Section 6.5 being referred to herein as
      termination “Without
      Cause”).

     

    5.6.  Other
      Remedies.
      Termination pursuant to Section 6.3 above shall be in addition to and without
      prejudice to any other right or remedy to which Executive may be entitled at
      law, in equity, or under this Agreement. Termination pursuant to Section 6.4
      above shall be in addition to and without prejudice to any other right or remedy
      to which the Company may be entitled at law, in equity, or under this
      Agreement.

     

    5.7.  Salary
      Continuation During Disability.
      Notwithstanding Section 6.1 above, if Executive suffers any physical or mental
      disability that would prevent the performance of his essential job duties,
      the
      Company agrees to pay Executive one hundred percent (100%) of Executive’s
      salary, payable in the same manner as provided for the payment of salary herein,
      for the duration of the disability, or six (6) months, whichever is less.

     

    5.8.  Reasonable
      Accommodation.
      “Reasonable
      accommodation”
shall
      mean the acquisition or modification of equipment or devices, adjustment or
      modifications of training materials or policies, the provision of qualified
      readers or interpreters, and other similar accommodations for individuals with
      disabilities so long as said accommodation does not require significant
      difficulty or expense when considered in light of (i) the nature and cost of
      the
      accommodation, (ii) the impact of the accommodation on the operations of the
      Company, and (iii) the financial resources of the Company.

     

    	6.  	
            Severance
              and Termination.

          

     

    6.1.  Voluntary
      Termination, Termination for Cause, Termination for Death or
      Disability.
      In the
      case of a termination of Executive’s employment hereunder for Death in
      accordance with Section 6.1 above, or Executive’s Voluntary termination of
      employment hereunder in accordance with Section 6.3 above, or a termination
      of
      Executive’s employment hereunder for Cause in accordance with Section 6.4 above,
      (i) Executive shall not be entitled to receive payment of, and the Company
      shall
      have no obligation to pay, any severance or similar compensation attributable
      to
      such termination, other than Base Salary earned but unpaid, accrued but unused
      vacation to the extent required by the Company’s policies and any non-reimbursed
      expenses pursuant to Section 4 hereof incurred by Executive as of the
      termination date, and (ii) the Company’s obligations under this Agreement shall
      immediately cease except as required by law. Provided further, in the event
      of
      Executive’s Voluntary termination of employment hereunder in accordance with
      Section 6.3 above, or a termination of Executive’s employment hereunder for
      Cause in accordance with Section 6.4 above, Executive shall tender back to
      the
      Company all unexercised options granted to Executive by the Company in
      connection with Executive’s employment. 

     

    6.2.  Termination
      for Good Reason, Termination Without Cause.
      

     

    In
      the
      case of a termination of Executive’s employment hereunder for Good Reason in
      accordance with Section 6.2 above, or Without Cause in accordance with Section
      6.4 above, the Company shall, within 30 days of the Termination Date, pay
      Executive, in a lump-sum, cash in the amount (the “Severance
      Payment”)
      of the
      sum of (x) 50% of his annual Base Salary then in effect plus (y) the product
      obtained by multiplying the Monthly Allowance and six; provided, however, that,
      in the event such termination of Executive’s employment follows a
“Change-of-Control” (as defined below), the Severance Payment shall be an amount
      equal to the sum of (x) 150% of his annual Base Salary then in effect plus
      (y)
      the product obtained by multiplying the Monthly Allowance and 18. As used
      herein, “Change-of-Control”
      means:

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (i)  the
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) under the Securities Exchange Act of 1934, as amended
      [the
“Exchange
      Act”])
      of
      beneficial ownership (within the meaning of Rule 13d-3 promulgated under the
      Exchange Act) of 20% or more of the combined voting power of the outstanding
      voting securities of the Company entitled to vote generally in the election
      of
      directors; provided, however, that the following acquisitions shall not
      constitute a Change-of-Control: (w) any acquisition directly from the Company,
      (x) any acquisition by the Company, (y) any acquisition by any employee benefit
      plan (or related trust) sponsored or maintained by the Company, or (z) any
      acquisition by any corporation pursuant to a transaction which complies with
      clauses (w), (x) and (y) immediately preceding; or

     

    (ii)  individuals
      who, as of the date hereof, constitute the Board of Directors of the Company
      (the “Incumbent
      Board”)
      cease
      for any reason to constitute at least a majority of the Board of Directors
      of
      the Company unless they are replaced with a slate nominated by at least a
      majority of the Incumbent Board and further provided that any individual
      becoming a director subsequent to the date hereof whose election, or nomination
      for election by the Company's stockholders, was approved by a vote of at least
      a
      majority of the directors then comprising the Incumbent Board shall, for
      purposes of this sub-paragraph (ii), be considered as though such individual
      were a member of the Incumbent Board, but excluding, for this purpose, any
      such
      individual whose initial assumption of office occurs as a result of an actual
      or
      threatened election contest with respect to the election or removal of directors
      or other actual or threatened solicitation of proxies or consents by or on
      behalf of an individual, entity or group other than the Board of Directors
      of
      the Company acting by at least a majority thereof; or

     

    (iii)  Consummation
      of a reorganization, merger or consolidation or sale or disposition of all
      or
      substantially all of the assets of the Company (a “Business
      Combination”),
      in
      each case, unless, following such transaction: (x) all or substantially all
      of
      the individuals and entities who were the beneficial owners, respectively,
      of
      the outstanding voting securities of the Company entitled to vote generally
      in
      the election of directors immediately prior to such Business Combination
      beneficially own, directly or indirectly, more than 50% (20% in the case of
      any
      Business Combination being proposed and implemented by at least a majority
      of
      the Incumbent Board) of the combined voting power of the then outstanding voting
      securities entitled to vote generally in the election of directors of the
      corporation resulting from such Business Combination (including, without
      limitation, a corporation which as a result of such transaction owns the Company
      or all or substantially all of the Company's assets either directly or through
      one or more subsidiaries) in substantially the same proportions as their
      ownership, immediately prior to such Business Combination, of the outstanding
      voting securities of the Company entitled to vote generally in the election
      of
      directors, (y) no individual, entity or group beneficially owns, directly or
      indirectly, 20% or more of the combined voting power of the then outstanding
      voting securities of such corporation except to the extent that such ownership
      existed prior to the Business Combination, and (z) at least a majority of the
      members of the board of directors of the corporation resulting from such
      Business Combination were members of the Incumbent Board, or were nominated
      by
      at least a majority of the members of the Incumbent Board, at the time of the
      execution of the initial agreement, or by the action of the Board providing
      for
      such Business Combination; or

     

    (iv)  Approval
      by the stockholders of the Company of a complete liquidation or dissolution
      of
      the Company.

     

    In
      addition, in the event Paragraph (a) immediately preceding applies, for six
      months after the Termination Date (or such longer period as may be provided
      by
      the terms of the appropriate plan, program, practice or policy), the Company
      shall continue Welfare Benefits to the Executive and/or his family at least
      equal to those which would have been provided if the Executive’s employment had
      not been terminated (provided, however, that such period shall be eighteen
      months in the event such Paragraph (a) applies following a
      Change-of-Control).

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    Notwithstanding
      the foregoing, in the event Executive is a “specified employee” as defined in
      Section 409A(a)(2)(B)(i) of the Code, the payment of the Severance Payment
      under
      this Section 7.2 shall be made no earlier than six months after the Termination
      Date.

     

    	7.  	
            Severance
              Not Conditioned on Release of Claims.

          

     

    7.1.  Release.
      The
      Company’s obligation to provide Executive with the Severance Payment set forth
      in Section 7.2 is not contingent upon Executive’s execution of a release of
      claims in favor of the Company.

     

    8.  Non-competition,
      Non-solicitation.

     

    8.1.  Non-Competition.
      Executive agrees that he shall not, during the Employment Term and for twelve
      (12) months subsequent thereto, without both the disclosure to and the written
      approval of the Board of Directors of the Company, directly or indirectly,
      engage or be interested in (whether as a principal, lender, employee, officer,
      director, partner, venturer, consultant or otherwise) any business(es) that
      is
      competitive with the business being conducted by the Company through the
      Termination Date, without the express written approval of the Board of
      Directors.

     

    8.2.  Non-Solicitation.
      Executive agrees that he will not, without the prior written consent of the
      Company’s Board of Directors, for a period of twelve (12) months after the
      Termination Date, directly or indirectly disturb, entice, or in any other manner
      persuade, any employee(s) or consultant(s) of the Company to discontinue that
      person’s or firm’s relationship with the Company if the employee(s) and/or
      consultant(s) were employed by the Company at any time during the twelve (12)
      month period prior to the Termination Date.

     

    8.3.  Customers.
      Executive agrees that he will not, for a period of twelve (12) months following
      the Termination Date, contact or solicit orders, sales or business from any
      customer of the Company so as to induce or attempt to induce such customer
      to
      cease doing business with the Company.

     

    8.4.  Public
      Investments.
      The
      provisions of Section 8.1 through 8.3, inclusive, shall not be deemed breached
      by reason of Executive’s ownership of 10% or less of the equities of any entity
      with a class of publicly traded securities.

     

    9.  Inventions,
      Discoveries and Improvements.
      Any and
      all invention(s), discovery(ies) and improvement(s), whether protectible or
      unprotectible by patent, trademark, copyright or trade secret, made, devised,
      or
      discovered by Executive, whether by Executive alone or jointly with others,
      from
      the time of entering the Company’s employ until the earlier of the Termination
      Date of this Agreement or the actual date of termination of employment, relating
      or pertaining in any way to Executive’s employment with the Company, shall be
      promptly disclosed in writing to the Board of Directors of the Company, and
      become and remain the sole and exclusive property of the Company. Executive
      agrees to execute any assignments to the Company, or its nominee, of the
      Executive’s entire right, title, and interest in and to any such inventions,
      discoveries and improvements and to execute any other instruments and documents
      requisite or desirable in applying for and obtaining patents, trademarks or
      copyrights at the cost of the Company, with respect thereto in the United States
      and in all foreign countries, that may be requested by the Company. Executive
      further agrees, whether or not then in the employment of the Company, to
      cooperate to the fullest extent and in the manner that may be reasonably
      requested by the Company in the prosecution and/or defense of any suit(s)
      involving claim(s) of infringement and/or misappropriation of proprietary rights
      relevant to patent(s), trademark(s), copyright(s), trade secret(s), processes,
      and/or discoveries involving the Company’s product(s); it being understood that
      all reasonable costs and expenses thereof shall be paid by the Company. The
      Company shall have the sole right to determine the treatment of disclosures
      received from Executive, including the right to keep the same as a trade secret,
      to use and disclose the same without a prior patent application, to file and
      prosecute United States and foreign patent application(s) thereon, or to follow
      any other procedure which the Company may deem appropriate. In accordance with
      this provision, Executive understands and is hereby further notified that this
      Agreement does not apply to an invention which the employee developed entirely
      on his own time without using the Company’s equipment, supplies, facilities, or
      trade secret information.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    10.  Confidential
      Information and Trade Secrets.

     

    10.1.  Non-Disclosure.
      Executive hereby acknowledges that all confidential or proprietary trade,
      engineering, production, and technical data, information or “know-how”
including, but not limited to, customer lists, sales and marketing techniques,
      vendor names, purchasing information, processes, methods, investigations, ideas,
      equipment, tools, programs, costs, product profitability, plans, specifications,
      patent application(s), drawings, blueprints, sketches, layouts, formulas,
      inventions, processes and data, whether or not reduced to writing, used in
      the
      development and manufacture of the Company’s products and/or the performance of
      services, or in research or development, are the exclusive property of the
      Company, and shall be at all times, whether after the Effective Date or after
      the Termination Date, be kept strictly confidential and secret by Executive;
      it
      being understood, however, that information which was publicly known, or which
      is in the public domain, or which is generally known, shall not be subject
      to
      this restriction (and Executive’s duties of non-disclosure shall further not
      extend to (i) disclosures to other employees, executives, officers and/or
      directors of the Company, or as may be required or appropriate in connection
      with performance hereunder, and (ii) the requirements of legal process, subpoena
      or other court order). 

     

    10.2.  Return
      of Property.
      Executive agrees not to remove from the Company’s office or copy any of the
      Company’s confidential information, trade secrets, books, records, documents or
      customer or supplier lists, or any copies of such documents, without the express
      written permission of the Board of Directors of the Company or as may be
      required or appropriate in connection with performance hereunder. Executive
      agrees, at the Termination Date, to return any property belonging to the
      Company, including, but not limited to, any and all records, notes, drawings,
      specifications, programs, data and other materials (or copies thereof)
      pertaining to the Company’s businesses or its product(s) and service(s),
      generated or received by Executive during the course of his employment with
      the
      Company.

     

    11.  Information
      of Others.
      Executive agrees that the Company does not desire to acquire from Executive
      any
      secret or confidential information or “know-how” of others. Executive,
      therefore, specifically represents to the Company that he will not bring to
      the
      Company any materials, documents, or writings containing any such information.
      Executive represents and warrants that from the Effective Date of this Agreement
      he is free to divulge to the Company, without any obligation to, or violation
      of, the rights of others, information, practices and/or techniques which
      Executive will describe, demonstrate or divulge or in any other manner make
      known to the Company during Executive’s performance of services. Executive also
      agrees to indemnify and hold the Company harmless from and against any and
      all
      liabilities, losses, costs, expenses, damages, claims or demands for any
      violation of the rights of others as it relates to Executive’s misappropriation
      of secrets, confidential information, or “know-how” of others. Such
      indemnification will not apply in the event action by the Company is
      unsuccessful.

     

    12.  SURVIVAL.
      Executive’s duties under paragraphs 8,9,10 and 11 survive termination of
      Executive’s employment with Company. Executive acknowledges that a remedy at law
      for any breach or threatened breach by Executive of the provisions of the
      Proprietary Information Agreement would be inadequate and Executive therefore
      agree that Company shall be entitled to injunctive relief in case of any such
      breach or threatened breach.

     

    13.  Indemnification.
      The
      Company shall indemnify Executive in his capacity as director, officer and
      employee of the Company upon terms no less favorable to him than are contained
      under Article 7 of the Restated Certificate of Incorporation of the Company,
      and
      Article VI of the By-laws of the Company, as in effect on the date hereof.
      The
      Company shall extend to Executive the benefits of directors’ and officers’
liability insurance upon terms no less favorable than are extended to any other
      director or officer of the Company.

     

    14.  Notice.

     

    14.1.  Notices.
      All
      notices and other communications under this Agreement shall be in writing and
      shall be delivered personally or mailed by registered or certified mail, return
      receipt requested, and shall be deemed given when so delivered or mailed, to
      a
      party at his or its address as follows (or at such other address as a party
      may
      designate by notice given hereunder):

     

    If
      to
      Executive:            At
      the
      address (or to the facsimile number) shown on the records 

    of
      Company.

    
 

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    If
      to the
      Company:               
  Dot
      VN,
      Inc.

    9449
      Balboa Ave., Suite 114

    San
      Diego, CA 92123 

       

    	15.  	
            Dispute
              Resolution. If
              the Parties are unable to resolve a dispute informally, the following
              provisions shall control:

          

     

    15.1.  Excepting
      claims for injunctive relief and/or other equitable relief for unfair
      competition and/or the use or unauthorized disclosure of trade secrets or
      confidential information, both Company and Executive shall submit all claims,
      disputes or controversies (“Claims”) against the other arising from or relating
      in any way to this Agreement, whether based in contract or tort, including
      discrimination claims under state and federal law, claims that could otherwise
      be asserted in class action litigation, such as wage and hour claims,
      discrimination claims, post-termination claims, and claims regarding the
      applicability of this arbitration clause or the validity of the Agreement,
      to
      binding arbitration pursuant to the rules of the American Arbitration
      Association. Nothing herein shall be construed to preclude class arbitrations
      on
      common issues. In all arbitration matters, Company shall bear the costs of
      the
      forum and all arbitrator(s) fees.

     

    15.2.  All
      claims subject to arbitration shall be arbitrated by a sole arbitrator, who
      shall have the power to determine all issues, including arbitrability, award
      equitable relief and all forms of damages, including punitive damages. If the
      Parties cannot agree on a single arbitrator, or a method to select a single
      arbitrator, a panel of 3 arbitrators shall be employed, the Parties each
      selecting one arbitrator, and the two arbitrators so selected shall choose
      a
      third “independent” arbitrator. All arbitrators must have experience specific to
      the subject matter of the dispute. The arbitration hearing will be held in
      San
      Diego, California. The decision shall be in writing and include a statement
      of
      facts and the reason for the decision. Judgment may be entered in any court
      of
      competent jurisdiction after a thirty day waiting period, during which time
      the
      Parties further agree that all proceedings are to remain confidential. If the
      affected party fully complies with the arbitration award within 30 days, no
      further proceedings shall be had, and the matter shall be considered concluded.
      

     

    IN
      THE
      ABSENCE OF THIS ARBITRATION AGREEMENT YOU AND WE MAY OTHERWISE HAVE HAD A RIGHT
      OR OPPORTUNITY TO LITIGATE CLAIMS THROUGH A COURT, AND / OR TO PARTICIPATE
      OR BE
      REPRESENTED IN LITIGATION FILED IN COURT BY OTHERS, BUT EXCEPT AS OTHERWISE
      PROVIDED ABOVE, ALL CLAIMS MUST NOW BE RESOLVED THROUGH
      ARBITRATION.

     

    	16.  	
            NONDISPARAGMENT.
              Except for statements made in the course of sworn testimony in
              administrative, judicial or arbitral proceedings, both Executive and
              Company (for purposes hereof, Company shall mean only the executive
              officers and directors thereof and not any other employees) agree not
              to
              make any public statements that disparage the other party, or in the
              case
              of Company, its respective affiliates, employees, officers, directors,
              products or services. 

          

     

    	17.  	
            ATTORNEY'S
              FEES. Except for matters subject to the mandatory arbitration provisions
              of Section 17, if either party brings any action to enforce its rights
              hereunder, the prevailing party in any such action shall be entitled
              to
              recover his or its reasonable attorneys' fees and costs in connection
              with
              such action.

          

     

    	18.  	
            Miscellaneous.

          

     

    18.3.  Post
      Termination Obligations.
      Notwithstanding the termination of Executive’s employment hereunder, the
      provision(s) of Section(s) “5,” “7,” “9,” “10,” “11,” “13,” and “15” shall
      survive the Termination Date.

     

    18.4.  Assignment.
      This
      Agreement shall be assigned to and inure to the benefit of, and be binding
      upon,
      any successor to substantially all of the assets and business of the Company
      as
      a going concern, whether by merger, consolidation, liquidation or sale of
      substantially all of the assets of the Company or otherwise. The Company will
      require any successor (whether direct or indirect, by purchase, merger,
      consolidation or otherwise) to all or substantially all of the business and/or
      assets of the Company to assume expressly and agree to perform this Agreement
      in
      the same manner and to the same extent that the Company would be required to
      perform it if no such succession had taken place; and, as used in this
      Agreement, "Company"
      shall
      mean the Company as hereinbefore defined and any successor to its business
      and/or assets as aforesaid which assumes and agrees to perform this Agreement
      by
      operation of law, or otherwise. Executive understands and agrees, however,
      that
      this Agreement is exclusive and personal to him only, and, as such, he will
      neither assign nor subcontract all or part of his undertaking(s) or
      obligation(s) under the terms of this Agreement.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    18.5.  Severability.
      In the
      event that any provision of this Agreement shall be determined to be
      unenforceable or otherwise invalid, the balance of the provision(s) shall be
      deemed to be enforceable and valid; it being understood that all provision(s)
      of
      this Agreement are deemed to be severable, so that unenforceability or
      invalidity of any single provision will not affect the remaining
      provision(s).

     

    18.6.  Headings.
      The
      Section(s) and paragraph heading(s) in this Agreement are deemed to be for
      convenience only, and shall not be deemed to alter or affect any provision
      herein.

     

    18.7.  Interpretation
      of Agreement.
      This
      Agreement shall be interpreted in accordance plain meaning of its terms and
      under the laws of the State of Delaware.

     

    18.8.  Variation.
      Any
      changes in the Sections relating to salary, bonus, or other material
      condition(s) after the Effective Date of this Agreement shall not be deemed
      to
      constitute a new Agreement. All unchanged terms are to remain in force and
      effect.

     

    18.9.  Collateral
      Documents.
      Each
      party hereto shall make, execute and deliver such other instrument(s) or
      document(s) as may be reasonably required in order to effectuate the purposes
      of
      this Agreement.

     

    18.10.  Non-Impairment.
      This
      Agreement may not be amended or supplemented at any time unless reduced to
      a
      writing executed by each party hereto. No amendment, supplement or termination
      of this Agreement shall affect or impair any of the rights or obligations which
      may have matured thereunder.

     

    18.11.  Execution.
      This
      Agreement may be executed in one or more counterpart(s), and each executed
      counterpart(s) shall be considered by the parties as an original.

     

    18.12.  Legal
      Counsel.
      Executive represents to the Company that he has retained legal counsel of his
      own choosing, and was given sufficient opportunity to obtain legal counsel
      prior
      to executing this Agreement. Executive also represents that he has read each
      provision of this Agreement and understands its meaning.

     

    18.13.  Transition.
      In the
      event that Executive’s employment with the Company terminates, Executive shall,
      through the last day of employment, and at the Company’s request, use
      Executive’s reasonable best efforts (at the Company’s expense) to assist the
      Company in transitioning Executive’s duties and responsibility responsibilities
      to Executive’s successor and maintaining the Company’s professional relationship
      with all customers, suppliers, etc. Without limiting the generality of the
      foregoing, Executive shall cooperate and assist the Company, at the Company’s
      direction and instruction, during the transition period between any receipt
      of
      or giving of notice of the termination of employment and the final day of
      employment. 

     

    IN
      WITNESS WHEREOF,
      the
      parties hereto have set their hands and seals the day and year first above
      written.

    
      	
              THE
                COMPANY:

              

              DOT
                VN, INC.

               

               

            	 	 	 
	 	 	 	 
	
              

              By:
                Thomas Johnson

              Its:
                Chief Executive Officer

            	 	 	
            
	
            	 	 	
            

    

    

    

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

    

    

     

    

      	
              EXECUTIVE

               

               

            	 	 	 
	 	 	 	 
	
              

              Louis
                P. Huynh

            	 	 	
            
	
            	 	 	
            

    

     

    
      
         

      

      
        11

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