Document:

ex103.htm

    Exhibit 10.3

     

    STOCK LOCK UP
AGREEMENT

    

    The undersigned, being the principal
officers of Gen2Media Corp. (“the Company”) hereby agree as
follows:

     

    
      	
              1.  

            	
              The
      Company is in the process of seeking an equity raise of $500,000 from
      certain potential investors.

               

            

    

    
      	
              2.  

            	
              In
      order to induce certain potential investors into participating in the
      equity offering, the undersigned officers have agreed to a 12 month lock
      up of most of their shares of stock in the Company.

               

            

    

    
      	
              3.  

            	
              Each
      of the undersigned agrees that he or she will not offer any of their
      shares for sale to any person, publicly or privately for a period of 12
      months from the date hereof, nor shall they borrow against or hypothecate
      said shares, loan them to any third parties, or directly or indirectly
      transfer said shares in any manner. During this lock up period, none of
      the undersigned will discuss any potential sale, transfer, assignment, or
      plan for borrowing against any of their shares, except for in the specific
      amounts set forth herein.

               

            

    

    
      	
              4.  

            	
              Notwithstanding
      this Agreement, each of said officers shall be permitted to sell or
      transfer, subject to applicable SEC and other rules, up to 10,000 shares
      each per month, beginning April 1, 2010 for the remainder of this
      Agreement. This amount shall include all public and private sales, as well
      as any type of borrowing against or hypothecation of said shares. This
      amount may be rolled over to future months, in the event the officer
      chooses to sell less than 10,000 shares in any given month.

               

            

    

    
      	
              5.  

            	
              The
      undersigned agree to deliver their certificates to the CFO of the Company
      who shall cause a restrictive legend to be placed thereupon consistent
      with the terms hereof.

               

            

    

     

    Wherefore,
this Stock Lock Up Agreement been executed by all officers this 19th day
of January, 2010.

    

    

    _________________________                                                                                     _______________________

    Mark
Argenti                                                                                              Mary Spio

    

    

    _________________________

    Ian
McDanielstbernard_8k-ex1001.htm

    
      
        

      
Exhibit 10.1

    
 

    AMENDMENT
TO EMPLOYMENT AGREEMENT

     

    THIS
AMENDMENT TO EMPLOYMENT AGREEMENT dated as of January 18, 2010 (this
"Amendment"), is entered into by and between Louis E. Ryan (hereinafter called
"Employee"), and St. Bernard Software, Inc. (hereinafter the "Employer"), with
reference to the following:

     

    RECITALS

     

    WHEREAS,
Employee and Employer entered into that certain Employment Agreement made as of
January 15, 2009 (the “Agreement”); 

     

    WHEREAS,
Employee and Employer desire by this Amendment to amend, modify and supplement
the Agreement as set forth herein, effective January 1, 2010 (the “Amendment
Effective Date”).

     

    NOW,
THEREFORE, in consideration of good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged by the parties to this Amendment,
Employee and Employer hereby agree as follows:

     

    1.      
  Recitals. The
Recitals set forth above are incorporated herein as though set forth in full
herein.

     

    2.        
Compensation, Benefits
and Reviews.  

    

    (a)
Commencing on the Amendment Effective Date, Paragraphs 2(a) and 2(b) of the
Agreement are amended and restated in their entirety to read as
follows:

    
    

     

    
      	
              “2(a)
      Pay Employee's salary by check or direct deposit in accordance with
      Employer's regular salary payment schedule, which shall be paid at the
      rate of $11,458 twice per month, (which equates to an annualized amount of
      $275,000) before deductions made at Employee's request, if any, and for
      deductions required by federal, state and local law.

              

              2(b)
      Pay Employee a quarterly performance bonus (if any), not to exceed $50,000
      in the aggregate, based on specific performance targets set forth in the
      bonus plan established by the board of directors and attached hereto as
      Exhibit C.”

            

    

     

    (b)
Commencing on the Amendment Effective Date, Exhibit C to the
Agreement is replaced in its entirety with the 2010 Performance
Bonus Plan (the “Plan”), attached to this Amendment as Exhibit
A.

    

    (c) Employer will grant Employee
100,000 non-qualified stock options to vest over a three (3) year period with
one third (1/3) vesting on the first anniversary of the date of the grant and
the remainder two thirds (2/3) vesting over the remaining two (2) years on a
monthly basis thereafter (such shares to vest on the first day of each month
thereafter until such shares are vested in full).  The stock options’
exercise price will be priced at the closing share price on the date of grant
and will be subject to Employee signing Employer’s form stock option agreement.
The stock options shall be governed by the St. Bernard Software, Inc. 2005 Stock
Option Plan, as it may be amended from time to time.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (d)
Commencing on the Amendment Effective Date, Paragraphs 3(a) and 3(b) of the
Agreement are amended and restated in their entirety to read as
follows:

    
    

     

    
      	
              “3)
      Term and Termination. The term of this Amendment shall be for a period of
      twelve months (the “Extended Term”). Unless the parties enter into a new
      contract before the expiration of the Extended Term (i.e. December 31,
      2010) then Employee’s employment shall continue on an “at-will”
      basis.  Notwithstanding anything herein to the contrary in this
      paragraph, starting on July 1, 2010, either party may terminate this
      agreement by providing the other party with thirty (30) days prior written
      notice

              

              b)Termination
      Without Cause and Change of Control.   In the event that
      during the Extended Term Employee shall be terminated by Employer without
      “Cause” or terminated following a Change of Control (as defined below) or
      if the Board of Directors appoints a permanent Chief Executive Officer to
      replace Employee, then Employee shall receive from Employer, with
      appropriate deductions and withholdings, the compensation required by
      Paragraph 2(a) for the remaining term of the Initial Term (the “Severance
      Period”) following the date of such termination (the “Severance”), plus
      all accrued but unpaid salary and vacation time and any applicable
      quarterly bonus which has been earned but not yet paid to the date of
      termination.  In addition, in the event that during the Extended
      Term Employee shall be terminated by Employer without “Cause” or following
      a Change of Control or if the Board of Directors appoints a permanent
      Chief Executive Officer to replace Employee, then the vesting of all of
      Employee’s unvested stock options shall immediately accelerate and be
      fully vested. In no event will the Severance Period be longer than six (6)
      months.  The foregoing Severance shall be reduced by the amount
      of any other compensation earned by the Employee during the Severance
      Period as a result of his employment. Employee’s eligibility for Severance
      is conditioned on Employee having first signed a release agreement in the
      form attached as Exhibit B and a termination certificate as provided for
      in Paragraph 4 in the form of Exhibit
A.” 

            

    

     

     

    3. Original Agreement.
Except as specifically herein amended, the Agreement is and shall remain in full
force and effect according to the terms thereof. In the event of any conflict
between the Agreement and this Amendment, this Amendment shall
control.

    

    4. Entire
Agreement.  This Amendment coupled with the Agreement
contain the entire
agreement between Employer and Employee relating to Employee’s employment with
Employer, and they supersede all previous agreements, whether oral or
written.

    

    5.  Counterparts. This
Amendment may be executed in several counterparts, each of which shall be deemed
an original, but all of which together shall constitute one and the same
agreement.

     

     

     

     

     

     

     

     

     

     

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

     

    IN
WITNESS WHEREOF, this Amendment has been executed by the parties as of the date
first referenced above.

     

    
      	
              “Employee”

            
	 
      
	
              Dated:  January
      19, 2010

            
	 
      
	
              By:  /s/ Louis E.
      Ryan                                                                              
      

            
	
              Print
      Name:  Louis E. Ryan

            
	
              Its:
      (title)  Chief Executive Officer and Chairman

              of
      Board of Directors

            

    

     

    
 

    

    
      	
               “Employer”

            
	 
      
	
              St.
      Bernard Software, a Delaware corporation

            
	 
      
	
              Dated:
      January 19, 2010

            
	 
      
	
              By:  /s/ Humphrey
      P.
      Polanen                                                                  
      

            
	
              Print
      Name:  Humphrey P. Polanen

            
	
              Its:  (title)
      Director

            

    

     

    

     

    

     

     

     

     

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Exhibit
A

    PERFORMANCE
BONUS PLAN

     

    
 

    Total
Revenue Targets for 2010 (Subscription Revenues and Appliance
Revenues):

    

    
      	
              Quarter

            	
              Q1
      2010

            	
              Q2
      2010

            	
              Q3
      2010

            	
              Q4
      2010

            
	
              Target
      Revenues

            	
              $TQ1

            	
              $TQ2

            	
              $TQ3

            	
              $TQ4

            
	
              Target
      Bonus

            	
              $9,375

            	
              $9,375

            	
              $9,375

            	
              $9,375

            

    

    

    Employee
shall be entitled to a quarterly bonus, not to exceed $9,375 per quarter, if,
during the Initial Term of Employee’s Employment Agreement, St. Bernard
Software, Inc. (the “Company”) achieves actual quarterly total revenues of
eighty percent (80%) or more of the quarterly revenue targets listed
above.   If during any quarter the Company actual total revenue
is 100% or more of the revenue target for a particular quarter, then Employee
shall be entitled to 100% of the target revenue bonus, or $9,375 for that
quarter.  If the Company achieves 80% of the revenue target for a
particular quarter, then Employee shall be entitled to 80% of the targeted
revenue bonus, or $7,500 ($9,375 x 0.80), and anything above 80% will be
prorated.  So by way of example, if the Company achieves 95% of the
revenue target for a particular quarter, then Employee shall be entitled to 95%
of the targeted revenue bonus, or $8,902.25 ($9375 x 0.95).  No bonus
will be paid in a quarter if the actual revenue for that quarter is less than
eighty percent (80%) of the revenue target for that quarter.

    

    Operating
Income Targets for 2010:

    

    
      	
              Quarter

            	
              Q1
      2010

            	
              Q2
      2010

            	
              Q3
      2010

            	
              Q4
      2010

            
	
              Target
      Income(Loss) from Operations

            	
              $TQ1

            	
              $TQ2

            	
              $TQ3

            	
              $TQ4

            
	
              Target
      Bonus

            	
              $3,125

            	
              $3,125

            	
              $3,125

            	
              $3,125

            

    

    

    Employee
shall be entitled to a quarterly bonus of $3,125 per quarter if, during the
Initial Term of Employee’s Employment Agreement, the Company achieves (i) actual
quarterly loss from operations equal to or less than of the quarterly loss from
operations targets for Q1, Q2, Q3, and Q4, or (ii) actual quarterly profit from
operations that is equal to higher than of the quarterly profit from operations
target for Q1, Q2, Q3, and Q4.

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