Document:

f8k091707ex10_flexpet.htm

    EMPLOYMENT
      AGREEMENT

    

    This
      employment agreement (this
“Agreement”), dated as of September 17, 2007 (the “Effective Date”), is made by
      and between Flexpetz Holdings, Inc., a Delaware corporation (the “Company”) and
      Marlena Cervantes (the “Executive”).

    

    Whereas,
      the Executive is to be
      employed as the Chief Executive Officer and Chairman of the Board of Directors
      of the Company; and

    

    Whereas,
      the Company and the Executive
      desire to enter into this Agreement as to the terms of the Executive’s
      employment by the Company;

    

    Now,
      therefore, in consideration of the
      foregoing, of the mutual promises contained herein and of other good and
      valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto intending to be legally bound, hereby agree
      as
      follows:

    

    1.  POSITION/DUTIES.

    

    (a)  During
      the Employment Term (as defined in Section 2 below), the Executive shall serve
      as the Chief Executive Officer and Chairman of the Board of Directors of the
      Company. In this capacity the Executive shall have such duties, authorities
      and
      responsibilities commensurate with the duties, authorities and responsibilities
      of persons in similar capacities in similarly sized company and such other
      reasonable duties and responsibilities as the Board of Directors of the Company
      (the “Board”) shall designate.  The Executive shall report directly to
      the President of the Company.

    

    (b)  During
      the Employment Term, the Executive shall use her best efforts to perform her
      duties under this Agreement and shall devote substantially all of her business
      time, energy and skill in the performance of her duties with the Company,
      provided the foregoing will not prevent the Executive from (1) participating
      in
      charitable, civic, educational, professional or community affairs or serving
      on
      the board of directors or advisory committees of non-profit entities, and (2)
      managing her own and her family’s personal investments, in each case, provided
      that such activities in the aggregate do not materially interfere with her
      duties hereunder. [The Executive may serve on the board of directors or advisory
      committees of for-profit entities with the prior written consent of the
      Board.]

    

    2.  EMPLOYMENT
      TERM.  Except for earlier termination as provided in Section
      7, the Executive’s employment under this Agreement shall be for a five year term
      commencing on the Effective Date and ending on September 17, 2007 (the “Initial
      Term”). Subject to Section 7, the Initial Term shall be automatically extended
      for additional terms of successive three year periods (the “Additional Term”)
      unless the Company or the Executive gives written notice to the other of the
      termination of the Executive’s employment hereunder at least 180 days prior to
      the expiration of the Initial Term or Additional Term. The Initial Term and
      any
      Additional Term shall be referred to herein as the “Employment
      Term.”

     

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
 

    3.  BASE
      SALARY.  The Company agrees to pay the Executive an annual
      salary of $120,000.  The salary shall be paid in bi-weekly
      installments.

    

    4.  OPTIONS.   Executive
      is granted the right to purchase 1,000,000 shares of the Company’s common stock
      every year for five years from the date of this agreement at an exercise price
      of $5.00.  Options shall be fully vested upon execution of this
      Agreement.

    

    These
      rights shall be considered the property of the Executive and shall no longer
      bear any encumbrances or restrictions other than those relating to applicable
      state and federal law.  Nothing in this section shall effect or
      prohibit anything else in this agreement, including but not limited to Section
      7.

    

    5.  EMPLOYEE
      BENEFITS.

    

    (a)  Benefit
      Plans.  The Executive shall be eligible to participate in any
      employee benefit plan of the Company, including, but not limited to, equity,
      pension, thrift, profit sharing, medical coverage, education, or other
      retirement or welfare benefits that the Company has adopted or may adopt,
      maintain or contribute to for the benefit of its senior executives at a level
      commensurate with her positions, subject to satisfying the applicable
      eligibility requirements.  Company shall pay the entire cost of these
      benefits.

    

    (b)  Vacation.  The
      Executive shall be entitled to an annual paid vacation in accordance with the
      Company’ policy applicable to senior executives, but in no event less than four
      weeks per calendar year (as prorated for partial years), which vacation may
      be
      taken at such times as the Executive elects with due regard to the needs of
      the
      Company.

    

    (c)       Housing
      Benefit.  The Executive shall be entitled to a housing
      stipend in the amount of $8,000 per month for rent or mortgage payments and
      associated expenses.

    

    (d)  Automobile
      Benefit. The Companies shall provide Executive with the automobile of
      her choice not to exceed $1,000 per month for the lease or finance payments.
      Company shall also provide such expenses associated with the automobile
      including but not limited to insurance, gas, repairs and
      maintenance.

    

    (e)       Business
      and Entertainment Expenses.  Upon presentation of appropriate
      documentation, the Executive shall be reimbursed in accordance with the Company’
expense reimbursement policy for all reasonable and necessary business and
      entertainment expenses incurred in connection with the performance of her duties
      hereunder.

    

    6.  TERMINATION.  The
      Executive’s employment and the Employment Term shall terminate on the first of
      the following to occur:

    

    (a)  Disability.  The
      thirtieth day following written notice by the Company to the Executive of
      termination due to Disability. For purposes of this Agreement, “Disability”
shall mean the inability of the Executive to perform her material duties
      hereunder due to a physical or mental injury, infirmity or incapacity for 180
      days (whether or not consecutive) during any 12 month period.

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    (b)  Death.  Automatically
      on the date of death of the Executive.

    

    (c)  Cause.  Immediately
      upon written notice by the Company to the Executive of a termination for Cause.
      “Cause” shall mean the willful misconduct of the Executive with regard to the
      business or affairs of the Company that is materially injurious to the Company.
      In all cases the Executive shall have fifteen days after the receipt of written
      notice thereof from the Company to cure (if curable) the circumstances giving
      rise to the Cause event.

    

    (d)  Without
      Cause.  On the thirtieth day following written notice by the
      Company to the Executive of an involuntary termination without Cause, other
      than
      for death or Disability.

    

    (e)  Good
      Reason.  On the sixtieth day following written notice by the
      Executive to the Company of a termination for Good Reason. “Good Reason” shall
      mean, without the express written consent of the Executive, the occurrence
      of
      any of the following events unless such events are cured (if curable) by the
      Company within fifteen days following receipt of written notification by the
      Executive to the Company that he intends to terminate her employment hereunder
      for one of the reasons set forth below:

    

    (i)  any
      reduction or diminution (except temporarily during any period of incapacity
      due
      to physical or mental illness) in the Executive’s titles or a material reduction
      or diminution in the Executive’s authorities, duties or responsibilities or
      reporting requirements with the Company; or

    

    (ii)  a
      material breach by the Company of any provisions of this Agreement.

    

    (f)  Without
      Good Reason. On the ninetieth day following written notice by the
      Executive to the Company of the Executive’s voluntary termination of employment
      without Good Reason (which the Company may, in its sole discretion, make
      effective earlier than any notice date).

    

    7.  CONSEQUENCES
      OF TERMINATION.

    

    (a)  Disability.  Upon
      termination of this Agreement because of the Executive’s Disability, the Company
      shall pay or provide the Executive (1) any unpaid Base Salary through the date
      of termination and any accrued vacation; (2) any unpaid bonus accrued with
      respect to the fiscal year ending on or preceding the date of termination;
      (3)
      reimbursement for any unreimbursed expenses properly incurred through the date
      of termination; and (4) all other payments or benefits to which the Executive
      may be entitled under the terms of any applicable compensation arrangement,
      plan
      or program (collectively, “Accrued Benefits”).

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
 

    (b)  Death.  Upon
      the termination of this Agreement because of the Executive’s death, the
      Executive’s estate shall be entitled to any Accrued Benefits.

    

    (c)  Termination
      for Cause or Without Good Reason. Upon the termination of this
      Agreement by the Company for Cause, by the Executive without Good Reason, or
      by
      either party in connection with a failure to renew this Agreement, the Company
      shall pay to the Executive any Accrued Benefits.

    

    (d)  Termination
      without Cause or for Good Reason.  Upon the termination of
      this Agreement by the Company without Cause or by the Executive with Good Reason
      and subject to the Executive’s execution (and non-revocation) of a general
      release of claims against the Company and its affiliates in a form reasonably
      requested by the Company, the Company shall pay or provide the Executive with
      (1) the Accrued Benefits; (2) continued payment to the Executive her rate of
      salary for 36 months after termination, payable in accordance with the regular
      payroll practices of the Company, but off the payroll; (3) all benefits accorded
      to Executive prior to termination for a period of 36 months after
      termination.  Payments provided under this Section 8(d) shall be in
      lieu of any termination or severance payments or benefits for which the
      Executive may be eligible under any of the plans, policies or programs of the
      Company.

    

    8.  No
      Assignment.  This Agreement is personal to each of the
      parties hereto.  Except as provided below, no party may assign or
      delegate any rights or obligations hereunder without first obtaining the written
      consent of the other party hereto. The Company may assign this Agreement to
      any
      successor (whether direct or indirect, by purchase, merger, consolidation or
      otherwise) to all or substantially all of the business or assets of the
      Company.

    

    9.  Notices.
      For the purpose 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 (1) on the date of delivery if delivered by hand, (2) on the date of
      transmission, if delivered by confirmed facsimile, (3) on the first business
      day
      following the date of deposit if delivered by guaranteed overnight delivery
      service, or (4) on the fourth business day following the date delivered or
      mailed by United States registered or certified mail, return receipt requested,
      postage prepaid, addressed as follows:

    

    If
      to the Executive:

    

    At
      the address (or to the facsimile
      number) shown on the records of the Company

    

    With
      a Copy to:

    

    If
      to the
      Company:

    

    Flexpetz
      Holdings, Inc.

    1000
      N West Street

    Suite
      1200

    Wilmington,
      Delaware 19801

    Attention:
      President

    Facsimile:

    
 

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

                                  
      With a copy to:

    

    Anslow
&
Jaclin,
      LLP

    195
      Route 9 South

    Suite
      204

    Manalapan,
      NJ 07726

    Attention:
      Gregg Jaclin

    Facsimile:
      (732) 577-1188

    

    or
      to
      such other address as either party may have furnished to the other in writing
      in
      accordance herewith, except that notices of change of address shall be effective
      only upon receipt.

    

    10.  PROTECTION
      OF THE COMPANY’ BUSINESS.

    

    (a)   Confidentiality.  The
      Executive acknowledges that in her employment hereunder she will occupy a
      position of trust and confidence. The Executive shall not, except as in good
      faith deemed necessary by the Executive to perform her duties hereunder or
      as
      required by applicable law or legal process, without limitation in time or
      until
      such information shall have become public or known in the Company’ industry
      other than by the Executive’s unauthorized disclosure, disclose to others or
      use, whether directly or indirectly, any Confidential Information regarding
      the
      Company.  “Confidential Information” shall mean information about the
      Company, its subsidiaries and affiliates, and their respective clients and
      customers that is not disclosed by the Company and that was learned by the
      Executive in the course of her employment by the Company, including any
      proprietary knowledge, trade secrets, data, formulae, information and client
      and
      customer lists and all papers, resumes, and records (including computer records)
      of the documents containing such Confidential Information.

    

    (b)  Non-Competition.  During
      the period that the Executive is employed by the Company hereunder and for
      the
      one year period thereafter (the “Restricted Period”), the Executive shall not,
      directly or indirectly, without the prior written consent of the Company,
      provide employment (including self-employment), directorship, consultative
      or
      other services to any business, individual, partner, firm, corporation, or
      other
      entity that competes with the then businesses of the Company or its affiliates.
      Nothing herein shall prevent the Executive from having a passive ownership
      interest of not more than 2% of the outstanding securities of any entity whose
      securities are traded on a national securities exchange.

    

    (c)  Non-Solicitation
      of Employees.  The Executive recognizes that he possesses and
      will possess confidential information about other employees of the Company
      and
      its affiliates relating to their education, experience, skills, abilities,
      compensation and benefits, and inter-personal relationships with customers
      of
      the Company and its affiliates. The Executive recognizes that the information
      he
      possesses and will possess about these other employees is not generally known,
      is of substantial value to the Company and its affiliates in developing its
      business and in securing and retaining customers, and has been and will be
      acquired by him because of her business position with the Company. The Executive
      agrees that, during the Restricted Period, he will not, directly or indirectly,
      solicit or recruit any employee of the Company or any of its affiliates for
      the
      purpose of being employed by him or any other entity.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
 

    (d)  Non-Solicitation
      of Customers.  The Executive agrees that, during the
      Restricted Period, he will not, directly or indirectly, interfere with, disrupt
      or attempt to interfere or disrupt any relationship, contractual or otherwise,
      between the Company or its affiliates and any of their respective customers,
      suppliers, clients or vendors.

    

    (e)  Non-Disparagement.  Executive
      shall not, and shall not induce others to, Disparage the Company or its
      affiliates or their past and present officers, directors, employees or products.
      “Disparage” shall mean making comments or statements to the press, the Company’
or its affiliates’ employees or any individual or entity with whom the Company
      or its affiliates has a business relationship which would adversely affect
      in
      any manner (1) the conduct of the business of the Company or its affiliates
      (including any products or business plans or prospects), or (2) the business
      reputation of the Company or its affiliates, or any of their products, or their
      past or present officers, directors or employees.

    

    (f)  Cooperation.  Subject
      to the Executive’s other reasonable business commitments, following the
      Employment Term, the Executive shall be available to cooperate with the Company
      and its outside counsel and provide information with regard to any past,
      present, or future legal matters which relate to or arise out of the business
      the Executive conducted on behalf of the Company and its affiliates, and, upon
      presentation of appropriate documentation, the Company shall compensate the
      Executive for any out-of-pocket expenses reasonably incurred by the Executive
      in
      connection therewith.

    

    (g)  Equitable
      Relief and Other Remedies.  The Executive acknowledges and
      agrees that the Company’ remedies at law for a breach or threatened breach of
      any of the provisions of this Section would be inadequate and, in recognition
      of
      this fact, the Executive agrees that, in the event of such a breach or
      threatened breach, in addition to any remedies at law, the Company, without
      posting any bond, shall be entitled to obtain equitable relief in the form
      of
      specific performance, a temporary restraining order, a temporary or permanent
      injunction or any other equitable remedy which may then be
      available.

    

    (h)  Reformation.  If
      it is determined by a court of competent jurisdiction in any state that any
      restriction in this Section is excessive in duration or scope or is unreasonable
      or unenforceable under the laws of that state, it is the intention of the
      parties that such restriction may be modified or amended by the court to render
      it enforceable to the maximum extent permitted by the law of that
      state.

    

    (i)  Survival
      of Provisions.  The obligations contained in this Section
      shall survive in accordance with their terms the termination or expiration
      of
      the Executive’s employment with the Company and shall be fully enforceable
      thereafter.

     

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    
 

    11.  Arbitration.  Any
      dispute or controversy arising under or in connection with this Agreement,
      other
      than injunctive relief under Section 11 hereof, shall be settled exclusively
      by
      arbitration, conducted before a single arbitrator in Ft. Lauderdale, Florida
      in
      accordance with the National Rules for the Resolution of Employment Disputes
      of
      the American Arbitration Association then in effect. The decision of the
      arbitrator will be final and binding upon the parties hereto. Judgment may
      be
      entered on the arbitrator’s award in any court of competent jurisdiction. Each
      party shall bear its own legal fees and costs and equally divide the forum
      fees
      and cost of the arbitrator.

    

    12.  SECTION
      HEADINGS AND INTERPRETATION. The section headings used in this
      Agreement are included solely for convenience and shall not affect, or be used
      in connection with, the interpretation of this Agreement. Expression of
      inclusion used in this agreement are to be understood as being without
      limitation.

    

    13.  SEVERABILITY.  The
      provisions of this Agreement shall be deemed severable and the invalidity of
      unenforceability of any provision shall not affect the validity or
      enforceability of the other provisions hereof.

    

    14.  COUNTERPARTS.  This
      Agreement may be executed in several counterparts, each of which shall be deemed
      to be an original but all of which together will constitute one and the same
      Agreement.

    

    15.  MISCELLANEOUS.  No
      provision of this Agreement may be modified, waived or discharged unless such
      waiver, modification or discharge is agreed to in writing and signed by the
      Executive and such officer or director as may be designated by the Board. No
      waiver by either party hereto at any time of any breach by the other party
      hereto of, or compliance with, any condition or provision of this Agreement
      to
      be performed by such other party shall be deemed a waiver or similar or
      dissimilar provisions or conditions at the same or at any prior or subsequent
      time. No agreements or representations, oral or otherwise, express or implied,
      with respect to the subject matter hereof have been made by either party which
      are not expressly set forth in this Agreement. The validity, interpretation,
      construction and performance of this Agreement shall be governed by the laws
      of
      the State of Florida without regard to its conflicts of law
      principles.

    

    16.  MITIGATION.  In
      no event shall the Executive be obligated to seek other employment or take
      any
      other action by way of mitigation of the amounts payable to the Executive under
      any of the provisions of this Agreement, nor shall the amount of any payment
      thereunder be reduced by any compensation earned by the Executive as a result
      of
      employment by another employer not in violation of this Agreement.

    

    17.  WITHHOLDING.  The
      Company may withhold from any and all amounts payable under this Agreement
      such
      federal, state, local and foreign taxes as may be required to be withheld
      pursuant to any applicable law or regulation.

    

    18.  AUTHORITY
      AND NON-CONTRAVENTION.  The Executive represents and warrants
      to the Company that he has the legal right to enter into this Agreement and
      to
      perform all of the obligations on his part to be performed hereunder in
      accordance with its terms and that he is not a party to any agreement or
      understanding, written or oral, which could prevent him form entering into
      this
      Agreement or performing all of his obligations hereunder.

     

    
 

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

    

    IN
      WITNESS WHEREOF,
      the parties hereto have executed this Agreement as of the date first written
      above.

    

    Flexpetz
      Holdings, Inc.

    

    By: Simon
      Brodie

    Title:
      President

    

    

    

    /s/Simon
      Brodie             

    SIMON
      BRODIE

    
 

    

    /s/Marlena
      Cervantes           

    MARLENA
      CERVANTESExhibit
      10.1

    WILSON
      HOLDINGS, INC.

     

    CONSULTING
      AGREEMENT

     

    This
      Consulting Agreement (“Agreement”) is made and entered
      into as of the 18th day of September 2007, by and between Wilson Holdings,
      Inc.,
      a Nevada corporation (“Company”), and Arun Khurana
      (“Consultant”).  

     

    
      R
        E C I T A L S

       

      WHEREAS,
        the Company,
        in an effort to reduce expenditures as it commences its homebuilding operations,
        as described in detail in its Quarterly Report on Form 10-QSB for the fiscal
        quarter ended June 30, 2007, and Consultant have agreed that Consultant will
        transition from an employee to a consultant to the Company; and

       

      WHEREAS,
        the Company
        desires to retain Consultant as an. independent contractor to perform consulting
        services for the Company and Consultant is willing to perform such services,
        on
        terms set forth more fully below.

       

      A
        G R E E M E N T

       

      NOW,
        THEREFORE, in
        consideration of the mutual promises contained herein, the parties hereby
        agree
        as follows:

       

    

    1.           SERVICES

     

    A.           Through
      October 31, 2007 or the date of filing of the Company’s Form 10-K, whichever is
      later, Consultant will continue to serve as an employee and as the Company’s
      Chief Financial Officer.  Consultant’s obligations, including those
      related to certification, are expressly contingent upon the Company providing
      Consultant with all information reasonably requested by Consultant in a timely
      manner. Company acknowledges and agrees that from the date of this Agreement
      until the date Consultant discontinues his service as an employee, Consultant’s
      vacation days will not be deducted from his salary.

     

    B.           Beginning
      on the date of filing of the Company’s Form 10-K or November 1, 2007, whichever
      is later, through October 31, 2008, Consultant’s role with Company will be that
      of a consultant, and will consist solely of (i) reviewing and providing comments
      on the Company’s periodic filings with the Securities and Exchange Commission,
      (ii) advising the Company on its Sarbanes-Oxley Act compliance and
      implementation efforts,  (iii) advising the Company regarding
      financing and joint venture matters, and (iv) transitioning of his
      responsibilities to the Chief Accounting Officer.

     

    C.           Company
      understands and acknowledges that Consultant has a majority ownership in Izon
      Consulting LLC and Khurana LLC, which provide accounting consulting services
      to
      other companies, entities and individuals.  Nothing in this agreement
      shall preclude Consultant from managing or providing accounting consulting
      services for or through these entities, or from otherwise providing similar
      services for other entities.  Consultant may also serve as a director
      or trustee of other organizations, or engage in charitable, civic, and/or
      governmental activities provided that such service and activities do not prevent
      Consultant from performing the duties required of Consultant under this
      Agreement.  Consultant may engage in personal activities, including,
      without limitation, personal investments, provided that such activities do
      not
      interfere with Consultant’s performance of duties hereunder.

     

    2.           COMPENSATION

     

    A.           Consultant
      will receive his current salary and benefits through October 31, 2007 or the
      date of Filing of the Company’s Form 10-K, whichever is
      later.  Consultant’s consulting fee will be equal to $11,500 per month
      beginning November 1, 2007 or the date of Filing of the Company’s Form 10-K
      whichever is later, through October 31, 2008.  Consultant will not be
      eligible to participate in any of the Company’s benefit plans.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    B.           Consultant’s
      unvested stock options grants (i.e. totaling 500,000 shares of common stock)
      will be amended to accelerate in full on November 1, 2007 (i.e. 375, 000 shares
      of common stock to have an exercise price of $3.25 per share; 125,000 shares
      of
      common stock to have an exercise price of $2.26 per
      share).  Consultant will have 90 days following October 31, 2008 to
      exercise any vested stock options.

     

    3.           MUTUAL
      RELEASES

     

    A.           Except
      for a claim to enforce the terms of this Agreement, or as otherwise provided
      herein, Company, for itself and for each of its directors, officers, employees,
      agents, attorneys, heirs, grantees, successors and assigns, past and present,
      hereby releases and forever discharges Consultant, in any capacity, as well
      as
      any entity in which he is a partner or owner, including Khurana LLC and Izon
      Consulting LLC (the “Consultant Releasees”), from and
      against any and all claims, liabilities, demands, obligations, losses, causes
      of
      action and suits of any kind or nature, whether known or unknown, which any
      of
      them has or might have against the Consultant Releasees.

     

    B.           Except
      for a claim to enforce the terms of this Agreement, or as otherwise provided
      herein, Khurana, for himself and for any entity in which he is a partner or
      owner, including Khurana LLC and Izon Consulting LLC, hereby releases and
      forever discharges Company, for itself and for each of its directors, officers,
      employees, agents, attorneys, heirs, grantees, successors and assigns, past
      and
      present (the “Company Releasees”), from and against
      any and all claims, liabilities, demands, obligations, losses, causes of action
      and suits of any kind or nature, whether known or unknown, which any of them
      has
      or might have against the Company Releasees.

     

     

    C.           Consultant
      represents and warrants that Consultant does not presently have on file, and
      further represents and warrants to the maximum extent allowed by law that
      Consultant will not hereafter file, any lawsuits, claims, charges, grievances
      or
      complaints against the Company and/or the Company Releasees in or with any
      administrative, state, federal or governmental entity, agency, board or court,
      or before any other tribunal or panel or arbitrators, public or private, based
      upon any actions or omissions by the Company and/or the Company Releasees
      occurring prior to the date of this Agreement.  To the extent that
      Consultant is still entitled to file any administrative charge with any
      governmental agency, Consultant hereby releases any personal entitlement to
      reinstatement, back pay, or any other types of damages or injunctive relief
      in
      connection with any civil action brought on his behalf after his filing of
      any
      administrative charge.  The foregoing notwithstanding, nothing herein
      shall be construed to limit Consultant’s cooperation in any government
      investigation.  The Company represents and warrants that it does not
      presently have on file, and further represents and warrants to the maximum
      extent allowed by law that the Company will not hereafter file, any lawsuits,
      claims, charges, grievances or complaints, civil, criminal or otherwise, against
      Consultant in or with any administrative, state, federal or governmental entity,
      agency, board or court, or before any other tribunal or panel or arbitrators,
      public or private, based upon any actions or omissions by Consultant occurring
      prior to the date of this Agreement.  The foregoing notwithstanding,
      nothing herein shall be construed to limit the Company’s cooperation in any
      government investigation

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    4.           CONFIDENTIALITY

     

    
      

      A.           Definition.  “Confidential
        Information” means any Company proprietary information, technical
        data, trade secrets or know-how, including, but not limited to, research,
        product plans, products, services, customers, customer lists, markets, software,
        developments, inventions, processes, formulas, technology, designs, drawings,
        engineering, hardware configuration information, marketing, finances or other
        business information disclosed by the Company either directly or indirectly
        in
        writing, orally or by drawings or inspection of parts or
        equipment.

    

    

    B.           Non-Use
      and Non-Disclosure.  Consultant will not, during or
      subsequent to the term of this Agreement, use the Company’s Confidential
      Information for any purpose whatsoever other than the performance of the
      Services on behalf of the Company or disclose the Company’s Confidential
      Information to any third party.  It is understood that said
      Confidential Information shall remain the sole property of the Company.
      Consultant further agrees to take all reasonable precautions to prevent any
      unauthorized disclosure of such Confidential Information including, but not
      limited to, having each employee of Consultant, if any, with access to any
      Confidential Information, execute a nondisclosure agreement containing
      provisions in the Company’s favor identical to Sections 2, 3 and 4 of this
      Agreement. Confidential Information does not include information which is known
      to Consultant at the time of disclosure to Consultant by the Company as
      evidenced by written records of Consultant, has become publicly known and made
      generally available through no wrongful act of Consultant, or has been
      rightfully received by Consultant from a third party who is authorized to make
      such disclosure.

    

    C.           Former
      Employer’s Confidential Information.  Consultant agrees
      that Consultant will not, during the term of this Agreement, improperly use
      or
      disclose any proprietary information or trade secrets of any former or current
      employer or other person or entity with which Consultant has an agreement or
      duty to keep in confidence information acquired by Consultant, if any, and
      that
      Consultant will not bring onto the premises of the Company any unpublished
      document or proprietary information belonging to such employer, person or entity
      unless consented to in writing by such employer, person or entity. Consultant
      will indemnify the Company and hold it harmless from and against all claims,
      liabilities, damages and expenses, including reasonable attorneys’ fees and
      costs of suit, arising out of or in connection with any violation or claimed
      violation of a third party’s rights resulting in whole or in part from the
      Company’s use of the work product of Consultant under this
      Agreement.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      D.           Third
        Party Confidential Information.  Consultant recognizes
        that theCompany has received and in the future will receive from third parties,
        including without limitation, Company clients and prospective clients, their
        confidential or proprietary information subject to a duty on the Company’s part
        to maintain the confidentiality of such information and to use it only for
        certain limited purposes. Consultant agrees that Consultant owes the Company
        and
        such third parties, during the term of this Agreement and thereafter, a
        duty to hold all such confidential or proprietary information in the strictest
        confidence and not to disclose it to any person, firm or corporation or to
        use
        it except as necessary in carrying out the Services for the
        Company.

    

    

    5.           OWNERSHIP

    

    A.           Assignment.  Consultant
      agrees that all copyrightable material, notes, records, drawings, designs,
      inventions, improvements, developments, discoveries and trade secrets
      (collectively, “Inventions”) conceived, written, made
      or discovered by Consultant (solely or in collaboration with others) during
      the
      period of this Agreement in performing the Services hereunder, are the sole
      property of the Company. Consultant further agrees to assign (or cause to be
      assigned) and does hereby assign fully to the Company all Inventions and any
      copyrights, patents, mask work rights or other intellectual property rights
      relating thereto.  Consultant further acknowledges that all Inventions
      which constitute original works of authorship (solely or jointly with others)
      within the scope of and during the term hereof which qualify for protection
      by
      copyright are “works made for hire” as that term is defined in the United States
      Copyright Act.

    

    B.           Further
      Assurances.  Consultant agrees to assist Company, or its
      designee, at the Company’s expense, in every proper way to secure the Company’s
      rights in the Inventions and any copyrights, patents, mask work rights or other
      intellectual property rights relating thereto in any and all countries,
      including the disclosure to the Company of all pertinent information and data
      with respect thereto, the execution of all applications, specifications, oaths,
      assignments and all other instruments which the Company shall deem necessary
      in
      order to apply for and obtain such rights and in order to assign and convey
      to
      the Company, its successors, assigns and nominees the sole and exclusive right,
      title and interest in and to such Inventions, and any copyrights, patents,
      mask
      work rights or other intellectual property rights relating thereto. Consultant
      further agrees that Consultant’s obligation to execute or cause to be executed,
      when it is in Consultant’s power to do so, any such instrument or papers shall
      continue after the termination of this Agreement.

    

    C.           Pre-Existing
      Materials.  Consultant agrees that if in the course of
      performing the Services, Consultant incorporates into any Invention developed
      hereunder any invention, improvement, development, concept, discovery or other
      proprietary information owned by Consultant or in which Consultant has an
      interest, (i) Consultant shall inform Company, in writing before
      incorporating such invention, improvement, development, concept, discovery
      or
      other proprietary information into any Invention; and (ii) the Company is
      hereby granted and shall have a nonexclusive, royalty-free, perpetual,
      irrevocable, worldwide license to make, have made, modify, use and sell such
      item as part of or in connection with such Invention. Consultant shall not
      incorporate any invention,
      improvement, development, concept, discovery or other proprietary information
      owned by any third party into any Invention without Company’s prior written
      permission.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    6.           ASSIGNMENT

    

    The
      parties acknowledge and agree that neither this Agreement nor any right
      hereunder nor interest herein may be assigned or transferred by either party
      without the express written consent of the non-assigning party.

     

    7.           INDEPENDENT
      CONTRACTOR

    

    It
      is the
      express intention of the parties that Consultant is an independent contractor.
      Nothing in this Agreement shall in any way be construed to constitute Consultant
      as an agent, employee or representative of the Company, but Consultant shall
      perform the Services hereunder as an independent contractor. Consultant further
      agrees to indemnify and hold harmless the Company and its directors, officers,
      and employees from and against all taxes, losses, damages, liabilities, costs
      and expenses, including attorneys’ fees and other legal expenses, arising
      directly or indirectly from (i) any negligent, reckless or intentionally
      wrongful act of Consultant or Consultant’s assistants, employees or agents,
      (ii) a determination by a court or agency that the Consultant is not an
      independent contractor, or (iii) any breach by the Consultant or
      Consultant’s assistants, employees or agents of any of the covenants contained
      in this Agreement.

     

    8.           NON-DISPARAGEMENT

     

    The
      parties acknowledge and agree that
      they will not make or cause to be made any statement, observation or opinion,
      or
      communicate any information (whether oral or written) that in any way disparages
      or is likely in any way to harm the reputation of the other
      party.  However, nothing herein shall preclude either party from
      providing truthful testimony in any legal proceeding pursuant to subpoena or
      other legal means of compelling testimony, and the providing of such truthful
      testimony shall not constitute a breach of this provision in any
      respect.

     

    9.           REPRESENTATIONS

     

    Based
      upon information and advice from the Company’s auditors and counsel, Consultant
      represents that all statements and actions he has taken as the Company’s Chief
      Financial Officer have been accurate, to the best of his
      knowledge.  Consultant also represents that, to the best of his
      knowledge, all filings required to have been made by him pursuant to Section
      16
      of the Securities Exchange Act of 1934 relating to his ownership of the
      Company’s securities have been filed, and that no additional filings pursuant to
      Section 16 of the Securities Exchange Act of 1934 were required relating to
      the
      purchase of the Company’s securities.

     

    Based
      upon information and advice from the Company’s auditors and counsel, Company
      represents that all statements and actions taken by the Company’s Chief
      Executive Officer have been accurate, to the best of his knowledge.

     

    Based
      upon information and advice from the Company’s auditors and counsel, both the
      Company and Consultant represents that, to the best of their knowledge, all
      Current Reports on Form 8-K that were required to have been filed by the Company
      have been filed.

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    10.           PAYMENT
      UPON DEFAULT

     

    In
      the
      event the Company (i) fails to pay Consultant his consultant payments or (ii)
      violates the non-disparagement provision of the Agreement (¶ 8) prior to October
      31, 2008, the Company will pay Consultant an amount equal to
      $275,000.  In the event Consultant violates the non-disparagement
      provision of the Agreement (¶ 8) prior to October 31, 2008, Consultant will pay
      the Company $275,000.  In the event either party pays this default
      payment, the Agreement will automatically terminate with no further obligations
      owed to or by either party.

     

    11.           INDEMNIFICATION

     

    Consultant
      agrees to indemnify and hold
      harmless the Company, in an amount not to exceed $30,000, for any judgment
      against the Company based upon an action by Donald Turner for severance alleged
      to be owed by the Company.

     

    12.           PRIOR
      AGREEMENTS

     

    This
      Agreement supersedes all prior
      discussions and agreements among the parties with respect to the subject matter
      hereof (specifically including the Employment Agreement made and entered into
      by
      and between the Company and the Consultant on or about February 14, 2007) and
      contains the sole and entire agreement between the parties hereto with respect
      thereto.

     

    13.           FEES
      AND EXPENSES

     

    A.           Each
      party will bear their own costs and expenses in connection with the negotiation
      of the Agreement.

     

    B.           In
      the event of any litigation to enforce rights and obligations under this
      Agreement, the prevailing party in such litigation proceedings shall be entitled
      to recover, from the non-prevailing party, the prevailing party’s reasonable
      costs and attorney’s fees, in addition to all other legal or equitable remedies
      to which it may otherwise be entitled.

     

    14.           GOVERNING
      LAW

     

    This
      Agreement shall be governed by and
      construed in accordance with the laws of the State of Texas applicable to
      contracts executed and performed in such state without giving effect to
      conflicts of law principles.

     

    15.           JURISDICTION

     

    With
      respect to any suit, action, or
      other proceeding arising from (or relating to) this Agreement, the Company
      and
      Consultant hereby irrevocably agree to the exclusive personal jurisdiction
      and
      venue of the United States District Court for the Western District of Texas
      (and
      any Texas State Court within Travis County, Texas).

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    16.           COUNTERPARTS

     

    This
      Agreement may be executed in any
      number of counterparts, each of which will be deemed an original, but all of
      which together will constitute one and the same instrument.

     

    [Signature
      Page Follows]

     

    

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of
      the day and year first above written.

     

    
      	  Wilson
              Holdings, Inc.	 	 	Arun
              Khurana	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	 
              By: 	 /s/
              Clark Wilson	 	 	/s/
              Arun Khurana 	 
	 	 	 	 	 	 
	 	 Print
              Name: 	 Clark
              Wilson	 	 	Address: 	 	 
	 	 Title:	President
              and CEO	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	  Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]