Document:

Exhibit 10.21

 

FIFTH
AMENDMENT AND MODIFICATION

TO LOAN AND SECURITY
AGREEMENT

 

THIS
FIFTH AMENDMENT AND MODIFICATION TO LOAN AND SECURITY AGREEMENT (the “Amendment”) is
made effective as of the 26th day of March, 2008, by and among INFOLOGIX SYSTEMS CORPORATION (formerly known as InfoLogix Inc.),
a Delaware corporation (“Infologix”), OPT ACQUISITION LLC, a Pennsylvania limited liability
company (“Optasia”), EMBEDDED
TECHNOLOGIES, LLC, a Delaware limited liability company (“Embedded” and together with Infologix and Optasia, jointly,
severally and collectively “Borrowers” and
each a “Borrower”) and SOVEREIGN BANK (the “Bank”).

 

BACKGROUND

 

A.            Pursuant to that certain Loan and Security
Agreement dated March 16, 2006 by and among Borrowers and Bank (as amended
by that certain First Amendment and Modification to Loan and Security Agreement
dated August 25, 2006 (the “First Amendment”),
that certain Second Amendment and Modification to Loan and Security Agreement
dated October 31, 2006 (the “Second Amendment”),
that certain Third Amendment and Modification to Loan and Security Agreement
dated March 23, 2007 (the “Third Amendment”),
that certain Fourth Amendment and Modification to Loan and Security Agreement
dated September 30, 2007 (the “Fourth Amendment”)
and as the same may hereafter be amended, modified, supplemented or restated
from time to time, being referred to herein as the “Loan
Agreement”), Bank agreed, inter alia, to
extend to Borrowers the following credit facilities:  (i) a line of credit in the maximum
principal amount of Eleven Million Dollars ($11,000,000.00), (ii) a term
loan in the original principal amount of One Million Five Hundred Thousand
Dollars ($1,500,000.00), (iii) a term loan in the original principal
amount of One Million Dollars ($1,000,000.00) and (iv) a term loan in the
original principal amount of Two Million Dollars ($2,000,000.00).

 

B.            Borrowers have requested, and Bank has agreed
to amend the Loan Agreement in accordance with the terms and conditions
contained herein.

 

C.            All capitalized terms contained herein and
not otherwise defined herein shall have the meanings set forth in the Loan
Agreement.

 

NOW,
THEREFORE, intending
to be legally bound hereby, the parties hereto agree as follows:

 

1.             Waiver of Covenant Defaults.

 

(a)           Bank hereby waives any
Default or Event of Default that exists or may arise under the Loan Agreement
solely as a result of the following events (collectively, the “Specified Defaults”):

 

(i)    failure by Borrowers to maintain the Minimum Annual Net Income set forth
in Section 8.1 of the Loan
Agreement for the six (6) month period ended December 31, 2007.

 

(ii)   failure by Borrowers to maintain the Fixed Charge Coverage Ratio set
forth in Section 8.3 of the Loan
Agreement for the six (6) month period ended December 31, 2007

 

 

(iii)  failure by Borrowers to limit Capital Expenditures as set forth in Section 8.4 of the Loan
Agreement as of Borrowers’ fiscal year ended December 31, 2007.

 

(b)           The
waivers set forth in Section 1(a) above
are given solely in connection with the Specified Defaults and solely for the
periods described therein and shall not be deemed to be an agreement,
obligation or commitment by Bank to waive Borrower’s compliance with any of the
other terms or conditions in any of the Loan Documents or any other Events of
Default, whether now existing or hereafter arising, including, without
limitation, Borrowers’ failure to comply with the covenants set forth in Sections 8.1, 8.3 or 8.4 of the
Loan Agreement as of any other date after the date hereof.

 

2.             Financial Covenants.

 

(a)           Sections
8.2 of the Loan
Agreement is hereby deleted and replaced with the following:

 

“8.2         Minimum Quarterly Net Income. 
Borrowers shall have Net Income of at least $0 for Borrowers’ fiscal
quarter ending June 30, 2008 and as of the end of each of the first three (3) fiscal
quarters of Borrowers thereafter, measured on a year-to-date basis.”

 

(b)           Sections 8.3 of
the Loan Agreement is hereby deleted and replaced with the following:

 

“8.3         Fixed Charge Coverage Ratio. 
Borrowers shall maintain a Fixed Charge Coverage Ratio of not less than (i) 1.0
to 1.0 as of Borrowers’ fiscal quarter ending June 30, 2008, (ii) 1.0
to 1.0 as of the end of Borrowers’ fiscal quarter ending September 30,
2008 measured on a year-to-date basis and (iii) 1.2 to 1.0 as of the end
of Borrowers’ fiscal quarter ending December 31, 2008 and as of the end of
each fiscal quarter of Borrowers thereafter, measured on a rolling four quarter
basis.

 

3.             Amendment Fee.  Upon
execution of this Amendment, Borrowers shall pay to Bank an amendment fee in
the amount of Ten Thousand Dollars ($10,000.00) (the “Amendment Fee”) which fee may be charged as a Line Advance
(as defined in the Loan Agreement) or charged to any bank account of any
Borrower maintained with Bank.  The foregoing
Amendment Fee is in addition to the interest and other amounts which Borrowers
are required to pay under the Loan Documents, and is fully earned and
nonrefundable.

 

4.             Amendment/References.  The
Loan Agreement and the Loan Documents are hereby amended to be consistent with
the terms of this Amendment. All references in the Loan Agreement and the Loan
Documents to (a) the “Loan Agreement”
shall mean the Loan Agreement as amended hereby; and (b) the “Loan Documents” shall include this Amendment and all other
instruments or agreements executed pursuant to or in connection with the terms
hereof.

 

5.             Release.  Each
Borrower and Guarantor acknowledges and agrees that it has no claims, suits or
causes of action against Bank and hereby remises, releases and forever
discharges Bank, their officers, directors, shareholders, employees, agents,
successors and assigns, and any of 

 

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them, from any claims, suits or causes of
action whatsoever, in law or at equity, which any Borrower or Guarantor has or
may have arising from any act, omission or otherwise, at any time up to and
including the date of this Amendment.

 

6.             Additional Documents; Further Assurances.  Each
Borrower covenants and agrees to execute and deliver to Bank, or to cause to be
executed and delivered to Bank contemporaneously herewith, at the sole cost and
expense of such Borrower, the Amendment and any and all documents, agreements,
statements, resolutions, searches, insurance policies, consents, certificates,
legal opinions and information as Bank may require in connection with the
execution and delivery of this Amendment or any documents in connection
herewith, or to further evidence, effect, enforce or protect any of the terms
hereof or the rights or remedies granted or intended to be granted to Bank
herein or in any of the Loan Documents, or to enforce or to protect Bank’s
interest in the Collateral.  All such
documents, agreements, statements, etc., shall be in form and content
acceptable to Bank in its sole discretion. 
Each Borrower hereby authorizes Bank to file, at such Borrower’s cost
and expense, financing statements, amendments thereto and other items as Bank
may require to evidence or perfect Bank’s continuing security interest and
liens in and against the Collateral. 
Each Borrower agrees to join with Bank in notifying any third party with
possession of any Collateral of Bank’s security interest therein and in
obtaining an acknowledgment from the third party that it is holding the Collateral
for the benefit of Bank.  Each Borrower
will cooperate with Bank in obtaining control with respect to Collateral
consisting of deposit accounts, investment property, letter-of-credit rights
and electronic chattel paper.

 

7.             Further Agreements and Representations.  Each
Borrower does hereby:

 

(a)           ratify, confirm and acknowledge that the statements contained in the
foregoing Background and in Section 1
hereof are true and complete and that, as amended hereby, the Loan Agreement
and the other Loan Documents are in full force and effect and are valid,
binding and enforceable against each Borrower and its assets and properties,
all in accordance with the terms thereof, as amended;

 

(b)           covenant and agree to perform all of such Borrower’s obligations under
the Loan Agreement and the other Loan Documents, as amended;

 

(c)           acknowledge and agree that as of the date hereof, no Borrower has any
defense, set-off, counterclaim or challenge against the payment of any Bank
Indebtedness or the enforcement of any of the terms of the Loan Agreement or of
the other Loan Documents, as amended;

 

(d)           acknowledge and agree that all representations and warranties of each
Borrower contained in the Loan Agreement and/or the other Loan Documents, as
amended, are true, accurate and correct in all material respects on and as of
the date hereof as if made on and as of the date hereof;

 

(e)           represent and warrant that no Default or Event of Default exists, except as provided for in Section 1(a)
herein;

 

(f)            covenant and agree that such Borrower’s
failure to comply with any of the terms of this Amendment or any other
instrument or agreement executed or delivered in connection herewith, shall
constitute an Event of Default under the Loan Agreement and each of the other
Loan 

 

3

 

Documents subject to any applicable notice
and cure periods provided for therein; and

 

(g)           acknowledge and agree that nothing contained herein, and no actions
taken pursuant to the terms hereof, are intended to constitute a novation of
any of the Notes, the Loan Agreement or of any of the other Loan Documents and,
except as specifically set forth in Section 1 hereof,
Section 1 of the First
Amendment, Section 1 of the Second
Amendment and Section 1 of the Third
Amendment, does not constitute a release, termination or waiver of any existing
Event of Default or of any of the liens, security interests, rights or remedies
granted to the Bank in any of the Loan Documents, which liens, security
interests, rights and remedies are hereby expressly ratified, confirmed,
extended and continued as security for all Bank Indebtedness.

 

Each
Borrower acknowledges and agrees that Bank is relying on the foregoing
agreements, confirmations, representations and warranties of each Borrower and the
other agreements, representations and warranties of each Borrower contained
herein in agreeing to the amendments contained in this Amendment.

 

8.             Fees, Cost, Expenses and Expenditures.  In
addition to the Amendment Fee, Borrowers will pay all of Bank’s reasonable
expenses in connection with the review, preparation, negotiation, documentation
and closing of this Amendment and the consummation of the transactions
contemplated hereunder, including without limitation, fees, disbursements,
expenses and disbursements of counsel retained by Bank and all fees related to
filings, recording of documents, searches, environmental assessments and
appraisal reports, whether or not the transactions contemplated hereunder are
consummated.

 

9.             No Waiver. 
Nothing contained herein constitutes an agreement or obligation by Bank
to grant any further amendments to the Loan Agreement or any of the other Loan
Documents.  Except as specifically set
forth in Section 1 hereof, Section 1 of the First
Amendment, Section 1 of the Second
Amendment and Section 1 of the Third
Amendment, nothing contained herein constitutes a waiver or release by Bank of
any Event of Default or of any rights or remedies available to Bank under the
Loan Documents or at law or in equity.

 

10.           Inconsistencies. To the extent of any inconsistencies between
the terms and conditions of this Amendment and the terms and conditions of the
Loan Agreement or the other Loan Documents, the terms and conditions of this
Amendment shall prevail. All terms and conditions of the Loan Agreement and
other Loan Documents not inconsistent herewith shall remain in full force and
effect and are hereby ratified and confirmed by Borrowers.

 

11.           Binding Effect.  This
Amendment, upon due execution hereof, shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns.

 

12.           Governing Law.  This
Amendment shall be governed and construed in accordance with the laws of the
Commonwealth of Pennsylvania without regard to conflict of law principles.

 

13.           Severability.  The
provisions of this Amendment and all other Loan Documents are deemed to be
severable, and the invalidity or unenforceability of any provision shall not
affect or impair the remaining provisions which shall continue in full force
and effect.

 

14.           Modifications.  No
modification of this Amendment or any of the Loan Documents shall be binding or
enforceable unless in writing and signed by or on behalf of the party against 

 

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whom enforcement is sought.

 

15.           Headings.  The
headings of the Articles, Sections, paragraphs and clauses of this Amendment
are inserted for convenience only and shall not be deemed to constitute a part
of this Amendment.

 

16.           Counterparts.  This
Amendment may be executed in multiple counterparts, each of which shall
constitute an original and all of which together shall constitute the same
agreement.

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

5

 

IN
WITNESS WHEREOF, the
parties hereto, intending to be legally bound hereby, have caused this
Amendment to be executed the day and year first above written.

 

	
   

  	
  INFOLOGIX SYSTEMS CORPORATION

  (formerly known as InfoLogix Inc.)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/ John A. Roberts

  
	
   

  	
  John A. Roberts, Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  OPT ACQUISITION LLC

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/ John A. Roberts

  
	
   

  	
  John A. Roberts, Chief Financial Officer

  
	
   

  	
  EMBEDDED TECHNOLOGIES, LLC

  
	
   

  	
  By:  INFOLOGIX SYSTEMS

  CORPORATION (formerly known as

  InfoLogix Inc.), its sole Member

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/ John A. Roberts

  
	
   

  	
  John A. Roberts, Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
  SOVEREIGN BANK

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
            /s/
  Steven Fahringer

  
	
   

  	
   

  	
  Steven Fahringer, Vice
  President

  

 

 

The
undersigned, intending to be legally bound hereby, consents and agrees to the
foregoing Fifth Amendment and
Modification to Loan and Security Agreement dated of even date herewith (the “Agreement”), and all terms thereof and
further agrees that (a) such Agreement shall in no way affect or impair
the undersigned’s obligations under that certain Surety Agreement from the undersigned to Bank dated November 29,
2006 (the “Surety”), that certain
Securities Pledge Agreement from the undersigned to Bank dated November 29,
2006 (the “Pledge Agreement”), or under any other
documents executed or delivered pursuant thereto or in connection therewith; (b) the
terms of the Surety and Pledge Agreement are hereby ratified and confirmed, all
as of the date hereof.

 

	
   

  	
  INFOLOGIX, INC. (formerly known as

  New Age Translation, Inc.)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
        /s/
  John A. Roberts

  
	
   

  	
  John A. Roberts, Chief Financial OfficerQuickLinks
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Exhbit 10.73    
    

 
 

EMPLOYMENT AGREEMENT    
    

        This Employment Agreement (this "Agreement") is entered into as of February 7, 2008, by and between OpBiz, L.L.C. ("Employer"), and Joey Tallone
("Employee"). 

	1.
	Employment.    Employer hereby employs Employee, and Employee hereby accepts employment by the Employer, as Employer's
Executive Vice President of Casino Marketing to perform such executive, managerial or administrative duties, commensurate with Employee's position, as Employer may specify from time to time, during
the Specified Term as defined in Section 2.

	2.
	Effective Date; Specified Term.    This Agreement shall be effective as of Employee's commencement date. Subject to earlier
termination as provided herein, the term of the Employee's employment hereunder shall commence on or before April 14, 2008 and terminate on the third (3rd) anniversary thereof
(the "Specified Term"). If Employee remains employed by Employer following the Specified Term, any such employment shall be on an at-will basis, unless the parties agree in writing to
extend the Specified Term.

	3.
	Compensation.

	a.
	Base Salary.    During the Specified Term, in consideration of the performance by Employee of Employee's obligations hereunder
to Employer and its parents, subsidiaries, affiliates, and joint ventures (collectively, the "Employer Group"), Employer shall pay Employee an annual base salary (the "Base Salary") of $350,000.00
subject to annual review by the Employer. The Base Salary shall be payable in accordance with the payroll practices of Employer as in effect from time to time.

	b.
	Bonus Compensation.    Employee is eligible to participate in Employer's bonus program as formulated from time to time by
Employer's President & Chief Executive Officer in his or her sole discretion ("Employer Bonus Program"). Such Employer Bonus Program shall primarily be based on Employee's individual and
departmental performance, as well as overall company performance, and may be up to 50% of Employee's Base Salary; provided that, any bonus under such Employer Bonus Program for the first year of the
Specified Term shall be at least $100,000.00.

	c.
	Employee Benefit Programs.    During the Specified Term, Employee shall be entitled to participate in Employer's employee
benefit plans as are generally made available from time to time to Employer's team members, subject to the terms and conditions of such plans, and subject to Employer's right to amend, terminate or
take other similar actions with respect to such plans.

	d.
	Business Expense Reimbursements.    Employer will pay or reimburse Employee for all reasonable
out-of-pocket expenses, including travel expenses, Employee incurs during the Specified Term in the course of performing Employee's duties under this Agreement upon timely
submission of appropriate documentation to Employer, as prescribed from time to time by Employer.

	e.
	Options.    Subject to the prior approval of the Nevada Gaming Commission, the availability of an exemption from registration
under applicable securities laws, and the approval of appropriate members of the Employer Group, Employee is eligible to receive options to purchase 0.1% (subject to dilution in the discretion of the
Employer Group) of equity interest (non-voting) in MezzCo, LLC (or such other entity as determined by the Employer Group). Employee's options will vest in three
(3) installments on the annual anniversary dates of the Specified Term as follows: one-third (1/3) on the first (1st) anniversary date of the Specified 

1

 

Term;
one-third (1/3) on the second (2nd) anniversary date of the Specified Term; and one-third (1/3) on the third
(3rd) anniversary date of the Specified Term. 

	4.
	Extent of Services.    Employee agrees that the duties and services to be performed by Employee shall be performed exclusively
for members of the Employer Group. Employee further agrees to perform such duties in an efficient, trustworthy, lawful, and businesslike manner. Employee agrees not to render to others any service of
any kind whether or not for compensation, or to engage in any other business activity whether or not for compensation, that is similar to or conflicts with the performance of Employee's duties under
this Agreement, without the prior written approval of Employer.

	5.
	Policies and Procedures.    In addition to the terms herein, Employee agrees to be bound by Employer's policies and procedures
including drug testing and background checks, as they may be established or amended by Employer in its sole discretion from time to time. In the event the terms in this Agreement conflict with
Employer's policies and procedures, the terms herein shall take precedence. Employer recognizes that it has a responsibility to see that its employees understand the adverse effects that problem
gambling and underage gambling can have on individuals and the gaming industry as a whole. Employee agrees to read, understand, and comply with Employer's policy prohibiting underage gaming and
supporting programs to treat compulsive gambling.

	6.
	Licensing Requirements.    Employee acknowledges that Employer is engaged in a business that is or may be subject to and
exists because of privileged licenses issued by governmental authorities in Nevada and other jurisdictions in which Employer or Employer Group is engaged or has applied or, during the Specified Term,
may apply to engage in the gaming business. If requested to do so by Employer or Employer Group, Employee shall apply for and obtain any license, qualification, clearance or the like that shall be
requested or required of Employee by any regulatory authority having jurisdiction over Employer or Employer Group.

	7.
	Failure to Satisfy Licensing Requirement.    If Employee fails to satisfy any licensing requirement referred to in
Section 6 above, or if any governmental authority directs the Employer to terminate any relationship it may have with Employee, or if Employer shall determine, in Employer's reasonable
judgment, that Employee was, is or might be involved in, or is about to be involved in, any activity, relationship(s) or circumstance that could or does jeopardize the business of Employer or
Employer's Group, reputation or such licenses, or if any such license is threatened to be, or is, denied, curtailed, suspended or revoked, this Agreement may be terminated by Employer and the parties'
obligations and responsibilities shall be determined by the provisions of Section 11.

	8.
	Restrictive Covenants.

	a.
	Competition.    Employee acknowledges that, in the course of Employee's responsibilities hereunder, Employee will form
relationships and become acquainted with certain confidential and proprietary information as further described in Section 8(b). Employee further acknowledges that such relationships and
information are and will remain valuable to the Employer and Employer Group and that the restrictions on future employment, if any, are reasonably necessary in order for Employer and Employer Group to
remain competitive in the gaming industry. In recognition of their heightened need for protection from abuse of relationships formed or information garnered before and during the Specified Term of the
Employee's employment hereunder, Employee covenants and agrees for the six (6) month period immediately following termination of employment for any reason (the "Restrictive Period"), not to
directly or indirectly be employed by, provide consultation or other services to, engage or participate in, provide advice, information or assistance to, fund or invest in, or otherwise be connected
or associated in any way or manner with, any firm, person, corporation or other entity which is either directly, indirectly or through an affiliated company 

2

 

or
entity, engaged in gaming or proposes to engage in gaming in Clark County, Nevada. The covenants under this Section 8(a) include but are not limited to Employee's covenant not to: 

	i.
	Make
known to any third party the names and addresses of any of the customers of Employer or any member of Employer Group, or any other information or data pertaining to those
customers;

	ii.
	Call
on, solicit, induce to leave and/or take away, or attempt to call on, solicit, induce to leave and/or take away, any of the customers of Employer or any member of the Employer
Group, either for Employee's own account or for any third party;

	iii.
	Call
on, solicit and/or take away, any potential or prospective customer of Employer or any member of the Employer Group, on whom the Employee called or with whom Employee became
acquainted during employment (either before or during the Specified Term), either for Employee's own account or for any third party; and

	iv.
	Approach
or solicit any employee or independent contractor of Employer or any member of the Employer Group with a view towards enticing such person to leave the employ or service of
Employer or any member of the Employer Group, or hire or contract with any employee or independent contractor of Employer or any member of the Employer Group, without the prior written consent of the
Employer, such consent to be within Employer's sole and absolute discretion.

	b.
	Confidentiality.    Employee covenants and agrees that Employee shall not at any time during the Specified Term or thereafter,
without Employer's prior written consent, such consent to be within Employer's sole and absolute discretion, disclose or make known to any person or entity outside of the Employer Group any Trade
Secret (as defined below), or proprietary or other confidential information concerning Employer or any member of the Employer Group, including without limitation, Employer's customers and its casino,
hotel, and marketing data practices, procedures, management policies or any other information regarding Employer or any member of the Employer Group, which is not already and generally known to the
public through no wrongful act of Employee or any other party. Employee covenants and agrees that Employee shall not at any time during the Specified Term, or thereafter, without the Employer's prior
written consent, utilize any such Trade Secrets, proprietary or confidential information in any way, including communications with or contact with any such customer other than in connection with
employment hereunder. For purposes of this Section 8, Trade Secrets is defined as data or information, including a formula, pattern, compilation, program, device, method, know-how,
technique or process, that derives any economic value, present or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who may or could
obtain any economic value from its disclosure or use.

	c.
	Former Employer Information.    Employee will not intentionally, during the Specified Term, improperly use or disclose any
proprietary information or Trade Secrets of any former employer or other person or entity and will not improperly bring onto the premises of the Employer any unpublished document or proprietary
information belonging to any such employer, person or entity.

	d.
	Third Party Information.    Employee acknowledges that Employer and other members of the Employer Group have received and in
the future will receive from third parties their confidential or proprietary information subject to a duty to maintain the confidentiality of such information and to use it only for certain limited
purposes. Employee will hold all such confidential or proprietary information in the strictest confidence and will not disclose it to any person or entity or to use it except as necessary in carrying
out Employee's duties 

3

 

hereunder
consistent with Employer's (or such other member of the Employer Group's) agreement with such third party. 

	e.
	Employer's Property.    Employee hereby confirms that Trade Secrets, proprietary or confidential information and all
information concerning customers who utilize the goods, services or facilities of any hotel and/or casino owned, operated or managed by Employer constitute Employer's exclusive property. Employee
agrees that upon termination of employment, Employee shall promptly return to the Employer all notes, notebooks, memoranda, computer disks, and any other similar repositories of information containing
or relating in any way to the Trade Secrets or proprietary or confidential information of each member of the Employer Group, including but not limited to, the documents referred to in
Section 8(b). Such repositories of information also include but are not limited to any so-called personal files or other personal data compilations in any form, which in any manner
contain any Trade Secrets or proprietary or confidential information of Employer or any member of the Employer Group.

	f.
	Notice to Employer.    Employee agrees to notify Employer immediately of any employers for whom Employee works or provides
services (whether or not for remuneration to Employee or a third party) during the Specified Term or within the Restrictive Period. Employee further agrees to promptly notify Employer, during
Employee's employment with Employer, of any contacts made by any gaming licensee that concern or relate to an offer of future employment (or consulting services) to Employee.

	9.
	Representations.    Employee hereby represents, warrants and agrees with Employer that:

	a.
	The
covenants and agreements contained in Sections 4 and 8 above are reasonable, appropriate and suitable in their geographic scope, duration and content; the Employer's
agreement to employ the Employee and a portion of the compensation and consideration to be paid to Employee hereunder is separate and partial consideration for such covenants and agreements; the
Employee shall not, directly or indirectly, raise any issue of the reasonableness, appropriateness and suitability of the geographic scope, duration or content of such covenants and agreements in any
proceeding to enforce such covenants and agreements; and such covenants and agreements shall survive the termination of this Agreement, in accordance with their terms;

	b.
	The
enforcement of any remedy under this Agreement will not prevent Employee from earning a livelihood, because Employee's past work history and abilities are such that Employee can
reasonably expect to find work in other geographic areas and lines of business;

	c.
	The
covenants and agreements stated in Sections 4, 6, 7, and 8 above are essential for the Employer's reasonable protection;

	d.
	Employer
has reasonably relied on these covenants and agreements by Employee;

	e.
	Employee
has the full right to enter into this Agreement and by entering into and performance of this Agreement will not violate or conflict with any arrangements or agreements
Employee may have or agreed to have with any other person or entity; and

	f.
	Employee
acknowledges and warrants to Employer the receipt and sufficiency of separate consideration for the assignment by Employer of Employer's rights and Employee's obligation under
Section 8. 

Notwithstanding
Section 21, Employee agrees that in the event of Employee's breach or threatened breach of any covenants and agreements set forth in Sections 4 and 8 above, Employer may
seek to enforce such covenants and agreements in court through any equitable remedy, including specific performance or injunction, without waiving any claim for damages. In any such event, 

4

 

Employee
waives any claim that the Employer has an adequate remedy at law or for the posting of a bond. 

	10.
	Termination for Death or Disability.    Employee's employment hereunder shall terminate upon Employee's death or Disability
(as defined below). In the event of Employee's death or Disability, Employee (or Employee's estate or beneficiaries in the case of death) shall have no right to receive any compensation or benefit
hereunder or otherwise from Employer or any member of the Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of
termination of employment (which shall be paid on Employer's next scheduled payroll date), (2) any earned but unpaid bonus then payable to Employee (which shall be paid on Employer's next
scheduled payroll date), (3) business expense reimbursement pursuant to Section 3(d), and (4) benefits provided pursuant to Section 3(c), subject to the terms and
conditions applicable thereto. For purposes of this Section 10, Disability is defined as Employee's inability to perform the essential functions of Employee's duties hereunder for a period of
time in excess of that set forth in Employer's policies and procedures, as in effect from time to time, or in excess of a qualified leave pursuant to the Family and Medical Leave Act or as otherwise
required by the Americans with Disabilities Act, as applicable. Employee hereby consents to any examination or to provide or authorize access to any medical records that may be reasonably required by
a licensed physician selected by Employer in connection with any determination to be made pursuant to this Section 10.

	11.
	(a)
Termination by Employer for Cause.    Employer may terminate Employee's employment hereunder for Cause (as defined below)
at any time. If Employer terminates Employee's employment for Cause, Employee shall have no right to receive any compensation or benefit hereunder or otherwise from Employer or any member of the
Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of employment (which shall be paid on Employer's
next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to Section 3(c), subject to the terms and
conditions applicable thereto. For purposes of this Section 11(a), Cause is defined as Employee's (i) failure to abide by Employer's policies and procedures, (ii) misconduct,
insubordination, or inattention to Employer's business, (iii) failure to perform the duties required of Employee up to the standards established by Employer, or other material breach of this
Agreement (other than as a result of a Disability), or (iv) failure or inability to satisfy the requirements stated in Section 7 above. Prior to a termination for Cause under this
Section 11(a), Employer must provide a written notice of deficiency to Employee and thereafter provide Employee with a reasonable opportunity to cure the deficient conduct, if such conduct is
capable of being cured. If such activity is incapable of being cured or if, after a reasonable opportunity to cure, Employee fails to cure the deficient conduct, Employer may immediately terminate
Employee's employment hereunder for Cause. 

(b)
At Will Termination by Employer.    Employer may terminate Employee at will at any time upon fifteen (15) days prior written
notice, or, in the Employer's sole discretion, the equivalent of two weeks of Base Salary in lieu of notice. 

If
Employer terminates Employee at will under this Section 11(b), Employee shall have no right to receive any compensation or benefit hereunder or otherwise from Employer or any member of the
Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of employment (which shall be paid on Employer's
next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to Section 3(c), subject to the terms and
conditions applicable thereto, and (4) twelve (12) months of Base Salary; provided that severance pay shall not exceed an amount equivalent to Base Salary from the date of termination to
the date this Agreement would otherwise expire but for earlier termination. 

5

 
	12.
	Termination by Employee.    Employee may terminate Employee's employment hereunder upon thirty (30) days' prior
written notice to Employer. If Employee shall terminate his employment other than for (a) death, (b) Disability, (c) failure of Employer to pay Employee's compensation when due,
or (d) material reductions in Employee's duties and responsibilities without his or her consent, Employee shall have no right to receive any compensation or benefit hereunder or make any other
claims against Employer or any member of the Employer Group on and after the effective date of termination of employment other than (1) unpaid Base Salary earned to the date of termination of
employment (which shall be paid on Employer's next scheduled payroll date), (2) business expense reimbursement pursuant to Section 3(d), and (3) benefits provided pursuant to
Section 3(c), subject to the terms and conditions applicable thereto.

	13.
	Cooperation Following Termination.    Following termination of employment of Employee's employment hereunder for any reason,
Employee agrees to reasonably cooperate with Employer upon the reasonable request of Employer and to be reasonably available to Employer with respect to matters arising out of Employee's services to
any member of the Employer Group. Employer shall reimburse, or at Employee's request, advance Employee for expenses reasonably incurred in connection with such matters.

	14.
	Interpretation; Each Party the Drafter.    Each of the parties was represented by or had the opportunity to consult with
counsel who either participated in the formulation and documentation of, or was afforded the opportunity to review and provide comments on, this Agreement. Accordingly, this Agreement and the
provisions contained in it shall not be construed or interpreted for or against any party to this agreement because that party drafted or caused that party's legal representative to draft any of its
provisions.

	15.
	Indemnification.    Employer shall indemnify Employee to the fullest extent permitted by Nevada law and the articles of
incorporation and bylaws of the Employer. Such indemnification shall include, without limitation, the following:

	a.
	Indemnification Involving Third Party Claims.    Employer shall indemnify Employee if Employee is a party to or is threatened
to be made a party to or otherwise involved in any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (each a "Claim"), other than a
Claim by or in the name of Employer or any entity in the Employer Group, by reason of the fact that Employee is or was serving as an employee or agent of Employer or any entity in the Employer Group
(each an "Indemnifiable Event"), against all expenses, including attorneys' fees, judgments, fines, and amounts paid in settlement (collectively, "Expenses") actually and reasonably incurred by
Employee in connection with the investigation, defense, settlement or appeal of such Claim, if Employee either is not liable pursuant to NRS Section 78.138 or acted in good faith and in a
manner Employee reasonably believed to be in or not opposed to the best interests of Employer and, in the case of a criminal Claim, in addition had no reasonable cause to believe that his or her
conduct was unlawful.

	b.
	Determination of Appropriateness of Indemnification.    Notwithstanding the foregoing, the obligations of Employer under this
Section 15 shall be subject to the condition that, unless ordered by a court, a determination shall have been made that indemnification is proper under the specific circumstances, pursuant to
and in accordance with NRS Section 78.751, as in effect from time to time.

	c.
	Indemnification for Defense Only.    The indemnification authorized by this Section 15 does not include any actions,
suits or proceedings initiated by Employee against Employer or any entity in the Employer Group. 

6

 

	d.
	Settlement of Claims.    Neither Employee nor Employer shall settle any Claim without the prior written consent of the other
(such consent not to be unreasonably withheld or delayed).

	16.
	Severability.    If any provision hereof is unenforceable, illegal or invalid for any reason whatsoever, such fact shall not
affect the remaining provisions hereof, except in the event a law or court decision, whether on application for declaration, or preliminary injunction or upon final judgment, declares one or more of
the provisions of this Agreement that impose restrictions on Employee unenforceable or invalid because of the geographic scope or time duration of such restriction. In such event, Employer shall have
the option to deem the invalidated restrictions retroactively modified to provide for the maximum geographic scope and time duration that would make such provisions enforceable and valid. 

Exercise
of this option shall not affect Employer's right to seek damages or such additional relief as may be allowed by law in respect to any breach by Employee of the enforceable provisions of this
Agreement. 

	17.
	Survival.    Notwithstanding anything in this Agreement to the contrary, to the extent applicable, Sections 8 through
and including Section 17 shall survive the termination of this Agreement.

	18.
	Notice.    For purposes of this Agreement, notices and all other communications provided for in this Agreement shall be in
writing and shall be deemed to have been duly given (i) when personally delivered, (ii) the business day following the day when deposited with a reputable and established overnight
express courier (charges prepaid), or (iii) five (5) days following mailing by certified or registered mail, postage prepaid and return receipt requested. Unless another address is
specified, notices shall be sent to the addresses indicated below: 

To
Employer: 

Mr. Michael
V. Mecca

OpBiz, LLC

3667 Las Vegas Blvd. South

Las Vegas, NV 89109 

To
Employee:

	
	 	 
	
	 	 
	
	 	 
	
	 	 

or
to such other address as either party shall have furnished to the other in writing in accordance herewith. 

	19.
	Tax Withholding.    Notwithstanding any other provision of this Agreement, Employer may withhold from any amounts payable
under this Agreement, or any other benefits received pursuant hereto, such Federal, state, local and other taxes as shall be required to be withheld under any applicable law or regulation.

	20.
	Dispute Resolution.

	a.
	Any
dispute, claim or controversy arising from or related in any way to this Agreement or the interpretation, application, breach, termination or validity thereof, including any claim
of inducement of this Agreement by fraud, or arising from or related in any way to Employee's employment with Employer will be submitted first to mediation to be exclusively paid for by Employer up to
a maximum of $5,000 in mediation fees and costs, with each party to bear its own attorney's fees and costs. If the parties wish to engage in mediation, which mediator's fee and costs exceeds $5,000,
the parties shall, after payment of the first $5,000 by Employer, thereafter equally share the mediator's fee and costs. If the parties are not successful in resolving disputes pursuant to mediation,
the parties agree that any claim or controversy 

7

 

arising
from or in any way related to this Agreement to the interpretation, application, breach, termination or validity thereof, including any claim of inducement of this Agreement by fraud or
arising from or related in any way to Employee's employment with Employer, will be submitted for final resolution by private arbitration before a single arbitrator and in accordance with the National
Rules for the Resolution of Employment Disputes and practices then in effect of, the American Arbitration Association, or any successors thereto ("AAA"), except where those rules conflict with these
provisions, in which case these provisions control; provided, however, that Employer shall have the right to seek in court equitable relief, including a temporary restraining order, preliminary or
permanent injunction or an injunction in aid of arbitration, to enforce its rights set forth in Section 8. The arbitration will be held in Las Vegas, Nevada. 

	b.
	Giving
recognition to the understanding of the parties hereto that they contemplate reasonable discovery, including document demands and depositions, the arbitrator shall provide for
discovery in accordance with the Nevada Rules of Civil Procedure as reasonably applicable to this private arbitration.

	c.
	To
the extent possible, the arbitration hearings and award will be maintained in confidence, except as may be required by law or for the purpose of enforcement of an arbitral award.

	d.
	Each
party shall bear its own attorney's fees, costs and expenses incurred in connection with arbitration proceedings pursuant to this Agreement to arbitrate. The fees, costs, and
expenses of the arbitrators and related expenses shall be paid by the Employer up to a maximum of $5,000. Any fees, costs and expenses of the arbitrators shall thereafter be shared equally between
Employer, on one hand, and Employee on the other hand.

	e.
	Each
party hereto waives, to the fullest extent permitted by law, any claim to punitive or exemplary or liquidated or multiplied damages from the other.

	21.
	No Waiver of Breach or Remedies.    No failure or delay on the part of Employer or Employee in exercising any right, power or
remedy hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any
other right, power or remedy hereunder. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

	22.
	Amendment or Modification.    No amendment, modification, termination or waiver of any provision of this Agreement shall be
effective unless the same shall be in writing and signed by an officer of Employer (other than Employee), and Employee, nor consent to any departure by the Employee from any of the terms of this
Agreement shall be effective unless the same is signed by an officer of Employer (other than Employee). Any such waiver or consent shall be effective only in the specific instance and for the specific
purpose for which given.

	23.
	Governing Law; Venue.    The laws of the State of Nevada shall govern the validity, construction, and interpretation of this
Agreement, without regard to conflict of law principles. Each party irrevocably submits to the exclusive jurisdiction of the courts of the State of Nevada located in Clark County in any action, suit
or proceeding arising out of or relating to this Agreement or any matters contemplated hereby, and agrees that any such action, suit or proceeding shall be brought only in such court.

	24.
	Headings.    The headings in this Agreement have been included solely for convenience of reference and shall not be
considered in the interpretation or construction of this Agreement.

	25.
	Assignment.    This Agreement is personal to Employee and may not be assigned by Employee.

	26.
	Prior Agreements.    This Agreement shall supersede and replace any and all other prior discussions and negotiations as well
as any and all agreements and arrangements that may have been entered 

8

 

into
by and between Employer or any predecessor thereof, on the one hand, and Employee, on the other hand, relating to the subject matter hereof. Employee acknowledges that all rights under such prior
agreements and arrangements shall be extinguished. 

        IN WITNESS WHEREOF, Employer and Employee have entered into this Agreement in Las Vegas, Nevada, as of the date first written above. 

	"EMPLOYEE"

JOEY TALLONE	 	 
	

 Signature	
 	

 
	

"EMPLOYER"

OPBIZ, L.L.C.	
 	

 
	

By:	
 	

 
	
 	

 
	Name:	 	 
	 	 
	Its:	 	 
        Title	 	 

9

QuickLinks

Exhbit 10.73

EMPLOYMENT AGREEMENT

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