Document:

e101.htm

    
      

      

    

    Exhibit
10.1

    

    EMPLOYMENT
AGREEMENT

     

    This Employment Agreement (the
“Agreement”), is made by and between DIGITAL WALLSTREET, INC., a Nevada
Corporation (“DWS”), and ALBERT R. AIMERS (“AIMERS”), an individual,
(individually a “Party” and collectively the “Parties”), with reference to the
following facts and purposes:

    

    A.           DWS
Digital WallStreet, Inc. (“DWS”), is a Nevada Corporation regularly engaged in
the business of advertising marketing and reporting of financial information
about publicly traded companies.

    

    B.           DWS’s
principal place of business is located at 430 El Bosque Place, Laguna Beach,
California 92651.

    

    C.           AIMERS’s
business address is also 430 El Bosque Place, Laguna Beach, California
92651.

    

    D.           AIMERS
have considerable experience in the business of advertising and marketing
through electronic and internet medium to the general public.

    

    E.           AIMERS
wishes to perform services for DWS, and DWS wishes to employ AIMERS in the
capacity of its Chief Executive Officer.

    

    F.           AIMERS
understands that his employment is subject to a probationary period of ninety
(90) days (the “Probationary Period”) from the date of the signing of this
Agreement.

    

    G.           AIMERS
understands that during the Probationary Period, either Party may, without
giving any prior notice, terminate this Agreement.

     

    NOW, THEREFORE, in consideration of the
mutual promises, agreements, covenants, and conditions contained in this
Agreement, and for other valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, DWS employs AIMERS, and AIMERS accepts employment
from DWS in the capacity of its Chief Executive Officer under the following
terms and conditions:

    

    1.           TERM OF
EMPLOYMENT:  AIMERS’s employment with DWS shall start July 19,
2003, and shall terminate at the will of either DWS or AIMERS by giving ninety
(90) days written notice to the other Party.

    

    2.           JOB
DESCRIPTION:  AIMERS shall be DWS’s “Chief Executive Officer.”
As the Chief
Executive Officer, AIMERS shall be responsible for all management, operations,
and all administrative functions of DWS in the United States of
America.

     

    3.           COMPENSATION
FOR SERVICES RENDERED:  As compensation for services rendered,
AIMERS shall receive the following from DWS:

    

    
      	
               
      

            	
              a.

            	
              Signing
      Bonus:  Upon execution of this Agreement, DWS shall pay
      AIMERS a signing bonus of Fifty Thousand Dollars ($50,000.00) (the
      “Signing Bonus”).  Should Aimers Terminate this Agreement within
      ninety (90) days following the execution of this Agreement, for any reason
      whatsoever other than serious health-related reasons as verified by an
      independent medical doctor, AIMERS shall repay the entire Signing Bonus to
      DWS within thirty (30) days following said
  termination.

            

    

    

    
      	
               
      

            	
              b.

            	
              Base
      Salary:  DWS shall pay AIMERS a base salary, of One
      Hundred Eighty Thousand Dollars ($180,000.00) per year (the “Base
      Salary”).  The Base Salary shall be paid on the first (1st)
      and sixteenth (16th)
      day of each calendar month on an annualized, pro-rated
    basis.

            

    

    

    
      	
               
      

            	
              c.

            	
              Bonuses:  In
      addition to the Base Salary, AIMERS shall receive bonuses from DWS
      (“Bonuses”), based upon a percentage of DWS’s net profit as determined by
      DWS’s accountant (“Net Profit”), as
follows:

            

    

    

    
      	
               
      

            	
              i.

            	
              Five
      percent (5%) of Net Profit during AIMERS’s first (1st)
      year of employment with DWS.

            

    

    

    
      	
               
      

            	
              ii.

            	
              Ten
      percent (10%) of Net Profit during AIMERS’s second (2nd)
      year of employment with DWS.

            

    

    

    
      	
               
      

            	
              iii.

            	
              Fifteen
      percent (15%) of Net Profit during AIMERS’s third (3rd)
      year of employment with DWS.

            

    

    

    
      	
               
      

            	
              iv.

            	
              Twenty
      percent (20%) of Net Profit during AIMERS’s fourth (4th)
      year of employment, and each year thereafter with
  DWS.

            

    

    

    
      	
               
      

            	
              v.

            	
              DWS
      shall pay AIMERS an estimated Bonus, on a quarterly basis, within thirty
      (30) days after completion of DWS’s quarterly accounting.  Upon
      completion of DWS’s annual accounting, the final amount of the Bonus shall
      be adjusted.

            

    

     

    
                  
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Initials                                                                                                                                                 
                             Initials
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    4.           PAYROLL
TAXES:  AIMERS shall be an employee of
DWS.  Accordingly, DWS shall withhold all required payroll taxes from
any compensation due to him in accordance with applicable federal and state
rules and regulations.

     

    5.           EMPLOYEE BENEFITS:  In addition to
the compensation detailed above, AIMERS shall receive the following benefits
from DWS:

    

    
      	
               
      

            	
              a.

            	
              Paid
      Vacation:  AIMERS shall receive from DWS, twenty (20)
      working days (four (4) work weeks) of paid vacation after completion of
      one year of employment.  If his employment terminates, for any
      reason, before the completion of one (1) year of employment, AIMERS shall
      not receive any paid vacation.

            

    

    

    
      	
               
      

            	
              b.

            	
              Paid
      Holidays:  AIMERS shall receive from DWS, holiday pay for the
      following seven (7) major holidays: New Year’s Day; Memorial Day;
      Independence Day; Labor Day; Thanksgiving Day and the Friday immediately
      following Thanksgiving Day; and Christmas Day.  If his
      employment terminates for any reason, before the completion of the
      Probationary Period, AIMERS shall not receive any holiday
    pay.

            

    

    

    
      	
               
      

            	
              c.

            	
              Sick
      Leave:  AIMERS shall receive from DWS, sick leave pay
      according to the following
schedule:

            

    

    

    
      	
               
      

            	
              1.

            	
              Two
      (2) days after completion of one (1) year of
  employment.

            

    

    

    
      	
               
      

            	
              2.

            	
              Three
      (3) days after completion of two (2) years of
  employment.

            

    

    

    
      	
               
      

            	
              3.

            	
              Five
      (5) days after completion of three (3) years of
  employment.

            

    

    

    
      	
               
      

            	
              If
      his employment terminates, for any reason, before the completion of one
      year of employment, AIMERS shall not receive any sick
    leave.

            

    

    

    
      	
               
      

            	
              d.

            	
              Travel and
      Expenses:  DWS shall reimburse AIMERS for all reasonable
      travel-related expenses while traveling for DWS’s business
      purposes.

            

    

    

    
      	
               
      

            	
              e.

            	
              Health
      Insurance:  DWS shall pay, directly to the health
      insurance carrier chosen from time to time by DWS, one hundred percent
      (100%) of the total cost of the health insurance premium for AIMERS and
      AIMERS’s family not exceeding four (4) family member sin total (the
      “Premium”).  The total amount of DWS’s contribution to the
      Premium shall not exceed One Thousand Five Hundred Dollars ($1500.00) per
      calendar month.

            

    

    

    
      	
               
      

            	
              f.

            	
              Qualified Retirement
      Plan:   During his first (1st)
      year of employment with DWS, AIMERS shall not be entitled to receive any
      contributions from DWS for any retirement program.  Upon
      completion of one (1) year of employment with DWS, and every year
      thereafter while this Agreement remains in effect, DWS shall contribute an
      amount equal to Twenty five percent (25%) of the combined total
      of

            

    

     

    
      	
               
      

            	
              Base
      Salary and Bonuses for the previous year, as set forth in paragraph Nos.
      3(b) and 3(c) of this Agreement, to DWS’s Qualified Retirement Program
      (the “QRP”).  Administration of the QRP shall be at the sole
      discretion of DWS.

            

    

    

    
      	
               
      

            	
              g.

            	
              Automobile
      Allowance:  During the term of this Agreement, at the
      sole discretion of AIMERS, DWS shall
either:

            

    

    

    
      	
               
      

            	
              i.

            	
              Provide
      AIMERS with an automobile of AIMERS’s choice and pay all insurance, fuel,
      repair and maintenance expenses; or

            

    

    

    
      	
               
      

            	
              ii.

            	
              Pay
      AIMERS a flat automobile allowance in the amount of One Thousand Two
      Hundred Dollars ($1,200.00) per
month.

            

    

    

    
      	
               
      

            	
              If
      AIMERS chooses the automobile, monthly lease or purchase payments shall
      not exceed $700.00 per month.  However, if AIMERS chooses the
      flat automobile allowance, DWS shall withhold all required taxes in
      accordance with applicable federal and state rules and
      regulations.

            

    

    

    
      	
               
      

            	
              h.

            	
              Cellular
      Telephone:  During the term of this Agreement, DWS shall
      provide a cellular telephone to AIMERS for his exclusive use for DWS
      purposes.

            

    

    

    
      	
               
      

            	
              i.

            	
              Air
      Travel:  During the term of this Agreement, AIMERS shall
      be entitled to company paid first-class air-travel exclusively for DWS
      purposes.

            

    

    

    
      	
               
      

            	
              j.

            	
              Life
      Insurance:  During the term of this Agreement, AIMERS
      shall be entitled to company paid term life insurance, with a face value
      not to exceed three (3) times the Base Compensation earned by
      AIMERS.

            

    

    

    
      	
               
      

            	
              k.

            	
              Disability
      Insurance:  During the term of this Agreement, AIMERS
      shall be entitled to company paid disability insurance, with a maximum
      monthly benefit that is equal to his monthly installment of Base
      Compensation.

            

    

    

    
      	
               
      

            	
              l.

            	
              Home Office
      Expenses:  AIMERS shall be entitled to receive from DWS
      reasonable expense reimbursement for the maintenance of a home office
      exclusively used by him for DWS
purposes.

            

    

     

     

                   
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Initials                                                                                                                       
                                                                         Initials
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6.           COVENANT
NOT TO COMPETE:  During AIMERS’s employment with DWS, and
during a period not to exceed one (1) year, immediately following the
termination of AIMERS’s employment with DWS, AIMERS shall not, directly or
indirectly, either as an employee, consultant, agent, principal, partner, silent
or otherwise, stockholder, corporate officer, director, manager, independent
contractor or in any other individual or representative capacity, engage or
participate in any business that is in direct or indirect competition in any
manner with DWS’s business within the state of California.  The
provisions of paragraph No. 15 of this
Agreement shall not apply to this paragraph.  In addition to any other
remedies provided by law, DWS shall have the discretion to seek relief,
including, without limitation, equitable relief, in a court of law in connection
with enforcement of this paragraph.

    

    7.           NEW
PRINCIPALS AND CUSTOMERS:  Any and all of DWS’s present and
future clients whom DWS now represents or will represent in the future on or
before the date of AIMERS’s termination from DWS (“Clients”), and DWS’s present
customers, and customers whom AIMERS solicits for DWS, and from whom sales are
generated for DWS (“Customers”), shall be the exclusive Clients and Customers of
DWS.  The provisions of paragraph No. 15 of this Agreement shall not
apply to this paragraph.  In addition to any other remedies provided
by law, DWS shall have the discretion to seek relief, including, without
limitation, equitable relief, in a court of law in connection with enforcement
of this paragraph.

    

    8.           CLIENT
LIST AND CUSTOMER LIST:  DWS’s Client list and Customer list
are confidential and contain privileged information.  AIMERS shall
not, for a period of one (1) year immediately following the termination of his
employment with DWS, either directly or indirectly make known to any person,
firm or entity, the names, phone numbers and or addresses of DWS’s Clients or
Customers, or any other information about them.  The provisions of
paragraph No. 15 of this Agreement shall not apply to this
paragraph.  In addition to any other remedies provided by law, DWS
shall have the discretion to seek relief, including, without limitation,
equitable relief, in a court of law in connection with enforcement of this
paragraph.

    

    9.           
SOLICITATION
OF CUSTOMERS AND CLIENTS:  AIMERS shall not, for a period one
(1) year immediately following the termination of his employment with DWS,
call-on, solicit or take away, any of DWS’s Clients or Customers, upon whom
AIMERS called-on, solicited, or whom he became acquainted with during his
employment with DWS, either for himself or as an employee, employer, consultant,
agent, principal, partner silent or otherwise, stockholder, corporate officer,
director, manager, independent contractor or in any other individual or
representative capacity.  The provisions of paragraph No. 15 of this
Agreement shall not apply to this paragraph.  In addition to any other
remedies provided by law, DWS shall have the discretion to seek relief,
including, without limitation, equitable relief, in a court of law in connection
with enforcement of this paragraph.

    

    10.           CONFIDENTIALITY
OF INFORMATION:  AIMERS shall not, at anytime during his
employment or for a period of one (1) year immediately following the termination
of his employment with DWS, either directly or indirectly release or disclose
any information learned about the business operations of DWS, including without
limitation, its business practices.  The provisions of paragraph No.
15 of this Agreement shall not apply to this paragraph.  In addition
to any other remedies provided by law, DWS shall have the discretion to seek
relief, including without limitation, equitable relief, in a court of law in
connection with enforcement of this paragraph.

    

    
      	
                   
      11.

            	
              ENDEMNIFICATION
      AND INSURANCE:  AIMERS shall indemnify and hold DWS
      harmless from any and all claims and/or lawsuits arising out any negligent
      conduct, including, without limitation, negligent operation of a motor
      vehicle, by AIMERS during the term of AIMERS’s employment with
      DWS.  AIMERS shall maintain a current Driver License, and shall
      obtain and maintain throughout the term of his employment with DWS, an
      automobile insurance policy, naming DWS as an “additional insured,” with
      minimum liability limits of One Hundred Thousand Dollars ($100,000.00) per
      person and Three Hundred Thousand Dollars ($300,000.00) per
      occurrence.

            

    

     

    12.           EMPLOYEE
HANDBOOK:  AIMERS shall, at all times, abide by the terms and
conditions set forth in DWS’s Employee Handbook.  Failure to do so
may, at the sole discretion of DWS, be grounds for immediate
dismissal.

    

    13.           BINDING
EFFECT:  This Agreement shall be binding upon and inure to the
benefit of the Parties, their legal representatives, successors and
assigns.

    

    14.           GOVERNING
LAW:  This Agreement and any disputes arising from this
Agreement shall be governed by the laws of the State of California in force on
the date of the signing of this Agreement.

    

    15.           ARBITRATION:  Except
as otherwise provided in this Agreement, in the event that a dispute arises
between DWS and AIMERS, which is not resolved by mutual agreement, the Parties
shall submit such dispute to binding arbitration in Orange County, California,
in accordance with the arbitration rules of the American Arbitration
Association.  This paragraph shall not apply to paragraph numbers 6,
7, 8, 9, and 10 of this Agreement.

    

    16.           ATTORNEYS’
FEES AND COSTS:  In the event that a dispute arises between DWS
and AIMERS, the prevailing party to such dispute shall be entitled to recover
from the nonprevailing party, reasonable attorneys’ fees and costs incurred in
connection with such dispute.

    

    17.           SEVERABILITY:  In
the event any portion of this Agreement is held to be invalid, the same shall
not affect, in any respect, the validity of the remainder of this
Agreement.

    

    18.           
CAPTIONS:  The
captions in this Agreement are to be given no effect and are for convenience and
reference purposes only.

    

    19.           ENTIRE
AGREEMENT:  This Agreement contains seven (7) pages, and
embodies the entire agreement between DWS and AIMERS.  There are no
other understandings agreements representations, conditions, terms of
considerations, expressed or implied, except as set forth in this
Agreement.

     

    

                   
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Initials                                                                                                                                Initials
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    The
Parties have executed this Employment Agreement in the City of Laguna Beach,
County of Orange, State of California.

    

    

    

    Dated:
___________________                                       _______________________________________

    By:  ALBERT R. AIMERS,
President

    For DIGITAL WALLSTREET,
Inc.,

    A Nevada Corporation

    

    

    

    Dated:
___________________                                        _______________________________________

    ALBERT R. AIMERS, an
individual

    

    

    

    

    

    

    Executive
Employment Agreement

    

    

     

    

    

                     
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Initials                                                                                                         
                                 Initials
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-e102.htm

    
      

      

    

    Exhibit
10.2

    

    Employment
Agreement

    

    This
EMPLOYMENT AGREEMENT (hereafter “the Agreement” or “Agreement”) is dated as of
January 26, 2007 by and between Financial Media Group, Inc., a Nevada
corporation, (referred to as the “Company”) and Mr. Manu Ohri (the
“Executive).

    

    WHEREAS,
the Company is in the business of selling diversified media and advertising
services (the “Business”);

    

    WHEREAS,
the Executive is an experienced financial executive and has been employed by the
Company; and

    

    WHEREAS,
the Company and the Executive desire to retain their employment relationship and
establish a contractual employment relationship with each other.

    

    NOW,
THEREFORE, in consideration of the premises and the mutual covenants hereinafter
set forth, the parties hereto agree as follows:

    

    
      	
              1.  

            	
              Employment. The
      Company agrees to employ the Executive, and the Executive accepts
      employment with the Company, on the terms and conditions set forth
      herein.

            

    

    

    
      	
              2.  

            	
              Term. The term
      of employment (the “Employment Term”) under this Agreement shall commence
      as of the date hereof and continue, subject to the terms and conditions of
      this Agreement, for a period of thirty-six (36) months from such
      date.  The Employment Term shall be renewed upon the mutual
      agreement of the Executive and
Company.

            

    

    

    
      	
              3.  

            	
              Position. The
      Company shall employ the Executive for the Employment Term as
      its  Executive Vice-President and Chief Financial Officer, to
      perform when and where necessary, such duties relating to the overall
      operations of the Company as may from time to time be assigned to the
      Executive by the President & Chief Executive Officer and Board of
      Directors.  The Executive agrees to accept such employment and
      to devote his best efforts in and to the faithful in performing his duties
      hereunder subject to the general direction and control of the Board of
      Directors of the Company.

            

    

    

    
      	
              4.  

            	
              Elected to
      Board. The Company shall use its best efforts to cause the
      Executive to a) be elected to the Board of Directors of the Company at the
      next Annual Meeting of Shareholders of the Company, and b) provide
      Director’s & Officer’s insurance coverage during the tenure of
      employment.

            

    

    

    
      	
              5.  

            	
              Compensation.
      In consideration of the services to be rendered by the Executive for his
      duties pursuant to Section 3 of this Agreement, including, without
      limitation, any services rendered by the Executive as a director, officer
      or employee of the Company or of any of its subsidiaries, divisions or
      affiliated companies, and in full payment for the due and faithful
      performance of said services, the Company shall pay the Executive and the
      Executive agrees to accept an annual base salary at the rate of $150,000
      for the twelve month period ended December 31, 2007; $172,500 for the year
      ended December 31, 2008 and $198,375 for the year ended December 31, 2009
      (the “Base Compensation”).  In addition to the Base
      Compensation, the Executive shall receive bonuses from the Company as
      determined by the Board of Directors based upon the performance of the
      Company. In the event that the Company is unable to pay to Executive the
      Base Compensation in cash, the Executive at his discretion and upon the
      consent and acceptance thereto by the President and Chief Executive
      Officer, may agree to receive restricted common shares for compensation
      earned, calculated at the closing price on the first trading day of the
      month of compensation earned, discounted by
50%.

            

    

    

    Payments
to the Executive of his Base Compensation hereunder shall be made periodically
on the dates established by the Company for payment of other executive
employees, but not less frequently than once a month.  All payments
under this agreement shall be subject to all deductions and withholdings as
required by law.

    

    Within
thirty (30) days of the execution of this Agreement, the Company shall issue to
the Executive an option to purchase 500,000 shares of the Company’s common stock
at an exercise price of $1.25 per share (herein referred to as “Option”). Such
Options shall vest and become exercisable in two equal installments of 250,000
shares on each of February 1, 2008 and February 1, 2009.  The Options
shall immediately vest and become exercisable as to an aggregate number of
shares if there is a change in control of the Company.  The Options
shall be exercisable to the extent vested at any time until February 1, 2014.
The Options shall otherwise be subject to all terms of the Option Agreement, if
any, between the Executive and the Company evidencing the Option.

    

    The
Executive shall be entitled to reimbursement for reasonable expenses incurred by
him in connection with his employment hereunder, upon the presentation of proper
documentation therefore in accordance with the usual procedures of the
Company.  Such expenses shall not exceed $1,000 per month without the
authorization of the Board.

    

    The
Executive shall be entitled during the Employment Term to i) an automobile
allowance equal to six hundred and fifty dollars ($650) per month, and ii) an
allowance for usage of cellular phone for his exclusive use for the Company
equal to one hundred and fifty dollars ($150) per month.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    The
Executive shall be entitled to participate in and receive medical and dental
benefits for the Executive and his dependents at the Company’s expense, in
accordance with the provisions of the Company’s benefits plan or program
currently in effect. The Company will provide the Executive (i) a life insurance
policy in the amount of $1,000,000; (ii) three weeks’ vacation annually; (iii)
long-term and short-term disability coverage in accordance with the provisions
of any of the Company’s employee benefit plans or programs now or hereafter in
effect, to the same extent that employees of the Company in positions similar to
that of the Executive have the right to participate in such plans and programs.
The Company will reimburse to the Executive actual insurance premiums paid by
the Executive, such premiums currently amount to $1,433 per month.

    

    The
Executive shall be entitled during the Employment Term to receive reimbursement
from the Company for membership dues for business and professional associations.
Such expenses shall not exceed $2,500 annually without the authorization of the
Board.

    

    
      	
               
      

            	
              6.

            	
              Representation by
      Executive of Other Clients: The Company and Executive acknowledge
      that the Executive currently provides Consulting services to a number of
      entities. The Company agrees to consent that the Executive may render
      accounting, advisory and consulting services to other clients of Executive
      engaged in the similar or different businesses as that of the Company as
      long as the Executive gives preference and attends to the Company’s needs
      first.

            

    

    

    
      	
              7.  

            	
              Termination.
      The employment of the Executive may be terminated by the Company at any
      time, but any termination of the Executive by the Company will not excuse
      payment to the Executive of the Executive’s Base Compensation. Upon
      termination by the Company, Executive shall be entitled to the severance
      benefits set forth in Section 8
below.

            

    

    

    The
Executive may terminate his employment hereunder upon thirty days written notice
to the Company. In the event that the Executive terminates his employment with
the Company, the Executive forfeits his remaining Base Compensation which would
have been due to Executive had the Executive remained in employment with the
Company for the entire duration of this Agreement.

    

    
      	
              8.  

            	
              Payments on
      Termination. Upon termination of the Executive’s employment for any
      reason, the Company shall pay to the Executive any accrued but previously
      unpaid Base Compensation prorated to the effective date of such
      termination.

            

    

    

    As an
inducement for Executive to enter into this Agreement, in the event the Company
terminates the Executive’s employment for any reason, the
Company shall make severance payments to Executive equal to and in the same
manner as the Executive’s Base Compensation through the remaining term of this
Employment Agreement. If the Company terminates the Executive at any time within
the first year of completion of employment, the Company shall pay to Executive
the Executive’s Base Compensation for a period of six (6) months in accordance
with the Company’s normal payroll policies and procedures, but no less than once
per month. If the Company terminates the Executive at any time after the
completion of one year’s employment but before the completion of two (2) years
of employment, the Company shall pay to Executive the Executive’s Base
Compensation for a period of four (4) months in accordance with the Company’s
normal payroll policies and procedures, but no less than once per month. If the
Company terminates the Executive at any time after the completion of two years
of service but before the completion of three (3) years of employment, the
Company shall pay to Executive the Executive’s Base Compensation for a period of
three (3) months in accordance with the Company’s normal payroll policies and
procedures, but no less than once per month.

    

    In the
event that the Company is unable to pay to Executive the Base Compensation in
cash, the Executive at his discretion and upon the consent and acceptance
thereto by the President and Chief Executive Officer, may agree to receive
restricted common shares for compensation earned, calculated at the closing
price on the first trading day of the month of compensation earned, discounted
by 50%.

    

    In
addition, upon termination of the Executive’s employment with the Company, the
Company shall provide and Executive shall receive (i) Executive’s Base
Compensation accrued through the date of termination; (ii) all accrued and
unpaid vacation pay and accrued bonuses, if any, to date of termination; (iii)
any bonuses which would have been paid but for the termination, prorated through
the date of termination, based upon the Company’s performance and in accordance
with the terms, provisions and conditions of any Company incentive bonus plan in
which Executive may be designated a participant; (iv) for a period of 12 months
after the date of termination, at the Company’s expense, coverage to Executive
under the Company’s life insurance and disability insurance policies; coverage
to Executive and his dependents for medical and dental insurance under the
Company’s health plan; if any of the Company’s medical and dental, life
insurance, or disability insurance plans are not continued or if Executive is
not eligible for coverage hereunder because of the termination of his
employment, the Company shall pay the amount required for Executive to obtain
equivalent coverage; and (v) reasonable outplacement services.

    

    Further,
upon termination of Executive’s employment by the Company, all equity options,
restricted equity grants and similar rights held by the Executive with respect
to securities of the Company shall automatically become vested and shall become
immediately exercisable.

    

    
      	
              9.  

            	
              Covenant Not to
      Compete.  The Executive agrees that during the Employment
      Term, he will not, directly or indirectly, have any ownership interest of
      five percent or more in a corporation, firm, trust, association or other
      entity that is in competition with the Company, nor will Executive engage
      in any activities which are directly in competition with the
      Company.

            

    

    

    It is
expressly understood that the limitations contained in this Section 9 shall be
in addition to, and not in substitution of, any provisions of a separate
non-competition agreement which may be entered into between the Executive and
the Company.  To the extent any provision herein is not consistent
with such non-competition agreement, the terms and provisions of the
non-competition agreement shall apply.

     

    
      
        
        

      

      
        - 2
-

        
          

        

      

      
        
        

      

    

    
 

    
      	
              10.  

            	
              Inventions. For
      purposes of the Agreement, “Invention” shall mean any and all machines,
      apparatuses, compositions of matter, methods, know-how, processes,
      designs, configurations, uses, ideas, concepts, or writings of any kind,
      discovered, conceived, developed, made, or produced, or any improvements
      to them, and shall include, but not be limited to the definition of an
      invention contained in the United Sates Patent
  Laws.

            

    

    

    The
Executive understands and agrees that all Inventions, or trademarks or
copyrights relating thereto, which reasonably relate to the business of the
Company and which are conceived or made by him during his employment by the
Company either alone or with others, are the sole and exclusive property of the
Company. The Executive understands and agrees that all Inventions, trademarks,
or copyrights described above in this Section 9 are the sole and exclusive
property of the Company whether or not they are conceived or made during regular
working hours.

    

    The
Executive agrees that he will disclose promptly and in writing to the Company
all Inventions within the scope of this Agreement, whether he considers them to
be patentable or not, which he, either alone or with others, conceives or makes
(whether or not during regular working hours).  The Executive hereby
assigns and agrees to assign all his right, title, and interest in and to those
Inventions that relate to the business of the Company and agrees not to disclose
any of these to others without the written consent of the Company, except as
required by the conditions of his employment.

    

    The
Executive agrees that he will at any time during his employment hereunder, or
after this Employment Agreement terminates, on the request of the Company, (i)
execute specific assignments in favor of the Company, or its nominee, of any of
the Inventions covered by this Agreement, (ii) execute all papers and perform
all lawful acts the Company considers necessary or advisable for the
preparation, application procurement, maintenance, enforcement, and defense of
patent applications and patents of the United States and foreign countries for
these Inventions, for the perfection or enforcement of any trademarks or
copyrights relating to such Inventions, and for the transfer of any interest the
Executive may have, and (iii) execute any and all papers and lawful documents
required or necessary to vest sole right, title, and interest in the Company or
its nominee of the above Inventions, patent applications, patents, or any
trademarks or copyrights relating thereto.  The Executive will, at the
Company’s expense, execute all documents (including those referred to above) and
do all other acts necessary to assist in the preservation of all the Company’s
interests arising under this Agreement.

    

    
      	
              11.  

            	
              Secrecy. For
      purposes of this Agreement, “proprietary information” shall mean any
      information relating to the business of the Company that has not
      previously been publicly released by duly authorized representatives of
      the Company and shall include (but shall not be limited to) Company
      information encompassed in all computer code, software, notes, written
      concepts, drawings, designs, plans, proposals, marketing and sales plans,
      financial information, costs, pricing information, customer information,
      and all methods, concepts, or ideas in or reasonably related to the
      business of the Company.

            

    

    

    The
Executive agrees to regard and preserve as confidential all proprietary
information pertaining to the Company’s business that has been or may be
obtained by the Executive prior to or during his employment by the Company
(whether before, during or after the Employment Term hereof), whether he has
such information in his memory or in writing or other physical
form.  The Executive will not use for his benefit or purposes, nor
disclose to others, either during the Employment Term or thereafter, except as
required by the conditions of his employment hereunder, any proprietary
information connected with the business or developments of the
Company.

    

    The
Executive agrees not to remove from the premises of the Company, except as an
employee of the Company in pursuit of the business of the Company or any of its
subsidiaries, or except as specifically permitted in writing by the Company, any
document or object containing or reflecting any proprietary information of the
Company.  The Executive recognizes that all such documents and
objects, whether developed by him or by someone else, are the exclusive property
of the Company.  A breach of this provision shall be considered good
cause for termination.  Upon termination of his employment hereunder,
for any reason, the Executive shall forthwith deliver up to the Company all
proprietary information, including, without limitation, all lists of customers,
correspondence, accounts, records and any other documents or property made or
held by him or under his control in relation to the business or affairs of the
Company or its affiliates, and no copy of any such proprietary information shall
be retained by him.

    

    
      	
              12.  

            	
              Injunctive
      Relief. The Executive acknowledges that in the event of a breach or
      threatened breach by the Executive of any of the provisions of Sections 9,
      10 or 11, monetary damages will not adequately compensate the Company and
      the Company shall be entitled to an injunction restraining the Executive
      from the commission of such breach, in addition to any other remedies or
      rights the Company may have.

            

    

    

    
      	
              13.  

            	
              Defense and
      Indemnification. In the event that the Executive is named as a
      defendant in any lawsuit arising from his duties as an employee of the
      Company, or is called as a witness to any administrative or legal
      proceeding arising from his duties as an employee of the Company, the
      Company agrees to defend Executive and indemnify him from any expenses or
      obligations incurred thereby, including legal and attorney’s fees, as well
      as transportation costs, such that Executive will have no out of pocket
      costs or liabilities. The parties are aware that this obligation of the
      Company shall remain in effect after Executive’s employment with the
      Company terminates.

            

    

     

    
      
        
        

      

      
        - 3
-

        
          

        

      

      
        
        

      

    

    
 

    
      	
              14.  

            	
              Notices. Any
      notice required or permitted to be given hereunder shall be in writing and
      shall be delivered by prepaid registered or certified mail, return receipt
      requested.  Such duly mailed notice shall be deemed given when
      dispatched.  The address for mailed notices shall
      be:

            

    

    

    For the
Executive:

    Mr. Manu
Ohri

    1199 N.
Palo Loma Place

    Orange,
California 92869

    

    For the
Company:

    Financial
Media Group, Inc.

    2355 Main
Street, Suite 120

    Irvine,
California 92614

    

    Any party
may notify the other parties in writing of a change of address by serving notice
in the manner provided in this Section.

    

    
      	
              15.  

            	
               No Conflicting
      Agreements. Except as set forth herein, the Executive represents
      and warrants that neither the execution and delivery of this Agreement nor
      the performance of his duties hereunder violates or will violate the
      provisions of any agreement to which he is a party or by which he is
      bound.

            

    

    

    
      	
              16.  

            	
              Governing Law; Entire
      Agreement. This Agreement shall be construed according to the laws
      of the State of California, and constitutes the entire understanding
      between the parties, superseding and replacing all prior understandings
      and agreements relating to employment between the Company and the
      Executive and the parties shall cause such other agreements, if any, to be
      terminated.  This Agreement cannot be changed or terminated
      except by an instrument in writing signed by each of the parties hereto.
      In the event that litigation is commenced to enforce the terms of this
      Agreement, the parties agree that venue shall lie in the Superior Court of
      Orange County, California.

            

    

    

    
      	
              17.  

            	
              Amendments. If
      any provision of this Agreement or the application thereof shall for any
      reason be invalid or unenforceable, such provision shall be limited only
      to the extent necessary in the circumstances to make such provision valid
      and enforceable and its partial or total invalidity or unenforceability
      shall in any event not affect the remaining provisions of this Agreement
      which shall continue in full force and
effect.

            

    

    

    IN
WITNESS WHEREOF, the undersigned have duly executed and delivered this Agreement
as of the date first above written.

    

     

    Financial
Media Group, Inc.

    

    By /s/ Albert
Aimers

    Albert Aimers, President &
CEO

    
 

    EXECUTIVE:

    

    By /s/ Manu
Ohri

    Manu Ohri

    
 

    
      
         

      

      
        - 4
-

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