Document:

ex10-24.htm

Exhibit 10.24

 

ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT (hereinafter called this "Agreement"), dated as of July 8, 2011 by and between Fialkow Properties, LLC, a Georgia limited liability company ("Purchaser") and MedCareers Group, Inc. ("Seller"), a Nevada corporation, (“Seller”).

RECITALS

A.  Seller owns and operates Nurses Lounge, Inc. which the controlling shareholder and sole director shall be the sole focus of Seller.

B.  Seller owns a website known as www.workabroad.com.

C.  Seller desires to sell and Purchaser desires to purchase www.workabroad.com, all in the manner and subject to the terms and conditions set forth in this Agreement.

Now, therefore, in consideration of the premises and of the representations, warranties, covenants and agreements contained herein, the parties hereto agree as follows:

ARTICLE ONE - SALE AND PURCHASE; CLOSING

Section 2.1 Sale and Purchase.  Subject to the terms and conditions contained in this Agreement, on the Closing Date, Seller shall sell, transfer, assign, convey, and deliver to Purchaser, all right, title and interest of Seller in and to www.workabroad.com and the business operated in connection therewith, free and clear of all mortgages, assessments, encumbrances, obligations, liabilities, security interests, and liens of any kind except for the lien and conditions set forth in that certain Asset Purchase Agreement dated August 10, 2010 by and between Seller as the purchaser and Steve Elisberg, a copy of which has been filed with the Securities Exchange Commission in an 8k as Exhibit 10-1 on August 11, 2010 (the “Original Contract”).  Purchaser shall not assume or be liable for any liability, obligation or commitment relating to or arising out of www.workabroad.com except to the extent the Original Contract is deemed a liability.

Section 2.2 Purchase Price.  The “Purchase Price” to be paid by Purchaser for the Acquired Assets shall be One Thousand Dollars ($1,000.00) paid in cash at Closing, per Seller’s direction plus Purchaser shall take www.workabroad.com subject to the debt represented by the Original Contract.

Section 2.3   The Closing.  The closing (the "Closing") shall take place upon execution of this Agreement.

Section 2.4   Closing Deliveries by Seller.  At the Closing, Seller shall deliver or cause to be delivered to Purchaser:  (a) an assignment of all of Seller’s rights in and to the Original Contract and all other rights associated with www.workabroad.com.

Section 2.5   Closing Deliveries by Purchaser.  At the Closing, Purchaser shall deliver to Seller the Purchase Price.

ARTICLE III - SELLER' REPRESENTATIONS AND WARRANTIES

Seller hereby represents and warrants to Purchaser that:

Section 3.1   Organization; Good Standing; Qualification

Seller is a corporation duly organized, validly existing and in good standing under the laws of Nevada and has all requisite corporate power and authority to own and operate its properties

  

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and assets and to carry on its business as presently conducted and are qualified to do business and is in good standing as foreign corporations in each jurisdiction where the ownership or operation of its properties or conduct of their business requires such qualification, except where the failure to be so qualified or in good standing, when taken together with all other such failures, does not and could not reasonably be expected to have a material adverse effect on Seller.

Section 3.2   Corporate Authority; Approval

Seller has all requisite corporate power and authority and have taken all corporate action necessary, in order to execute, deliver and perform its obligations under this Agreement and to consummate the transactions completed hereby.  This Agreement is a valid and binding agreement of Seller enforceable against it in accordance with its terms.

Section 3.3   Title to Assets; Adequacy of Assets

Subject to the Original Contract, Seller has good and valid title to www.workabroad.com, free and clear of any liens of any kind.

Section 3.4   No Breach.  The execution, delivery and performance of this Agreement by Seller does not, and the consummation by Seller of the transactions contemplated by this Agreement and the performance of their other obligations hereunder will not, constitute or result in: a breach or violation of, or a default under, the certificate of incorporation or by-laws of any Seller; or to the Knowledge of Seller, a breach of or violation of  any agreement, law, permit, or license binding upon Seller.

Section 3.5   Brokers And Finders  Neither Seller nor any of its officers, directors or employees have employed any broker or finder or incurred any liability for any brokerage fees or commissions or finders' fees in connection with the transactions contemplated in this Agreement.

ARTICLE FOUR - PURCHASER'S REPRESENTATIONS AND WARRANTIES

 

Purchaser represents and warrants to Seller as follows:

Section 4.1   Organization; Good Standing; Qualification  Purchaser is a limited liability company duly organized, validly existing and in good standing under the laws of the state of Georgia and has all requisite corporate, power and authority to execute and consummate the transactions contemplated by this Agreement.

Section 4.2   Brokers And Finders Neither Purchaser nor any of its officers, directors or employees have employed any broker or finder or incurred any liability for any brokerage fees or commissions or finders' fees in connection with the transactions contemplated in this Agreement.

 

ARTICLE FIVE - MISCELLANEOUS AND GENERAL

Section 5.1  Survival.  The representations and warranties set forth in this Agreement shall terminate upon Closing.

Section 5.2  Counterparts.  This Agreement may be executed in any number of counterparts, each such counterpart being deemed to be an original instrument, and all such counterparts shall together constitute the same agreement.

Section 5.3 Governing Law and Venue.  This Agreement shall be governed by Georgia law and any action brought to enforce the terms of this Agreement shall be brought in Fulton County Georgia.

Section 5.4 Notices.  Any notice, request, instruction or other document to be given hereunder by any party to the others shall be in writing and delivered personally or sent by registered or certified mail, postage prepaid, or by overnight courier:

  

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If to Purchaser:

	  	
FIALKOW PROPERTIES, LLC

	  	  	
400 Perimeter Center Terrace, Suite 900

	  	  	
Sandy Springs, Georgia  30346

	  	  	  
	
If to Seller:

	  	
c/o Nurses Lounges, Inc.

	  	  	
758 E Bethel School Rd

	  	  	
Coppell, TX 75019

or to such other Persons or addresses as may be designated in writing by the party to receive such notice as provided above.

Section 5.5 Entire Agreement; No Other Representations.  This Agreement constitutes the entire agreement, and supersedes all other prior agreements, understandings, indemnities, representations and warranties both written and oral, among the parties, with respect to the subject matter hereof.

Section 5.6 No Third Party Beneficiaries.  This Agreement is not intended to confer upon any Person other than the parties hereto any rights or remedies hereunder.

Section 5.7 Severability.  The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect the validity or enforceability or the other provisions hereof.

Section 5.8 Binding Effect; Assignment.  This Agreement shall be binding upon and inure to the benefit of the parties and their respective successors and permitted assigns.  No assignment of this Agreement or of any rights or obligations hereunder may be made by either Seller or Purchaser (by operation of law or otherwise) without the prior written consent of the other parties hereto and any attempted assignment without the required consents shall be void; provided, however, that Purchaser may assign this Agreement and any or all rights or obligations hereunder (including, without limitation, Purchaser's rights to purchase the Acquired Assets) to any person or entity owned or controlled by it without any consent of Seller.  Upon any such permitted assignment, the references in this Agreement to Purchaser shall also apply to any such assignee unless the context otherwise requires.

In Witness Whereof, this Agreement has been duly executed and delivered by the duly authorized officers of the parties hereto as of the date first written above.

	
Purchaser:

	  	
Seller:

	  	  	  
	
FIALKOW PROPERTIES, LLC

	  	
MedCAREERS GROUP, INC.

	  	  	  
	
By:_________________________________

	  	
By:__/s/ Timothy Armes______________________

	
Name: ______________________________

	  	
Name:__Timothy Armes____________________

	
Title: _______________________________

	  	
Title:____CEO___________________

  

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ASSIGNMENT OF ASSET PURCHASE AGREEMENT

THIS ASSIGNMENT OF ASSET PURCHASE AGREEMENT (hereinafter called this "Assignment"), is effective as of July 8, 2011 by and between Fialkow Properties, LLC, a Georgia limited liability company ("Assignee") and MedCareers Group, Inc.. ("Assignor"), a Nevada corporation, (“Seller”).

Assignor hereby transfers to Assignee, all of Assignor’s right title and interest in and to the URL www.workabroad.com, any operations connected to www.workabroad.com, and that certain Asset Purchase Agreement (“Purchase Agreement”) dated August 10, 2010 by and between Assignor as the purchaser and Steve Elisberg, a copy of which is attached hereto and which has been filed with the Securities Exchange Commission in an 8k as Exhibit 10-1 on August 11, 2010.

Assignee hereby accepts said assignment and hereby assumes the obligations under the Purchase Agreement as of July 8, 2011.

IN WITNESS WHEREOF, the parties have executed this Assignment to be effective as of July 8, 2011.

	
MedCAREERS GROUP, INC.

	  	
Fialkow Properties, LLC

	  	  	  
	  	  	  
	  	  	  
	
By:

	
_/s/ Timothy Armes_______________________

	  	
By:

	
_____________________

	  	
CEO

	  	  	
Manager

  

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UNANIMOUS WRITTEN CONSENT OF DIRECTORS OF MEDCAREERS GROUP, INC.

IN LIEU OF MEETING OF THE BOARD OF DIRECTORS

Pursuant to the Authority granted to directors to take action by unanimous consent without a meeting pursuant to the articles of organization of MEDCAREERS GROUP, INC., a Nevada corporation, the Board of Directors (‘Directors”) of MEDCAREERS GROUP, INC. (the “Company”), do hereby consent to, adopt, ratify, confirm and approve, as of  the date indicated below, the following recitals and resolutions, as evidenced by their signature hereunder:

RECITALS:

WHEREAS, the sole Director believes it is in the best interest of the Company to focus the Company’s activities on its wholly owned subsidiary Nurses Lounge, Inc.;

WHEREAS, the sole director believes it is in the best interest of the Company to enter into that certain Sale Agreement pursuant to which the Company transfers its interest in workabroad.com and relieves itself of the payment obligations under its agreement with the seller of workabroad.com, which relate back to July 2011; and

NOW, THEREFORE, BE IT RESOLVED, that each of the Company enter into that certain agreement with Fialkow Properties as purchaser of: the workabroad.com URL and the purchase agreement currently binding upon the Company, so that the Company may focus all of its efforts on the Nurses Lounge business.

INWITNESS WHEREOF, The undersigned have set forth their hands in his capacity as of this _________ day of August 2011.

	
By: 

	
_/s/ Timothy Armes________________________

	  	
Timothy Armes

	  	
Sole Director

 

 

 5ex10-25.htm

Exhibit 10.25

 

EMPLOYMENT AGREEMENT

 

AGREEMENT made as of November ___, 2010 (“Effective Date”), by and between Nurses Lounge, Inc., a Texas corporation (“Employer”), and Tim Armes (“Executive”).

WHEREAS, Employer, through its Board of Directors, considers the maintenance of a competent and experienced executive management team to be essential to the long-term success of Employer; and

WHEREAS, in this regard, Employer has determined that it is in Employer’s best interest that Executive serve as President & Chief Executive Officer of Employer, pursuant to a written employment agreement; and

WHEREAS, Employer has agreed with Executive that this Agreement shall set forth the terms and conditions of Executive’s employment by Employer;

NOW, THEREFORE, in furtherance of the interests described above and in consideration of the respective covenants and agreements herein contained, the parties hereto agree as follows:

1.           Term of Employment

Employment of Executive pursuant to this Agreement shall be for a period commencing on the date hereof and ending on November 30, 2012 (the “Term”), unless such employment is earlier terminated as provided in Paragraph 5 of this Agreement.  The Term shall be extended in one year increments on November 30, 2012, and on each succeeding annual anniversary of such date, unless either party shall give written notice to the other party of its election not to extend the Term at least thirty days prior to the date on which such extension would otherwise become effective.

2.           Position and Duties

Executive shall serve as President & Chief Executive Officer of Employer and shall report directly to the Employer’s Board of Directors (the “Board”).  Executive shall have duties, responsibilities and authority as normally attend such position or as may reasonably be assigned to Executive from time to time by Employer’s Board.  Executive shall devote his full business time and attention, and best efforts, abilities, experience, and talent to the performance of such duties and responsibilities for the business of the Employer and its affiliates.

                3.           Place of Performance

Executive shall be based at the principal executive offices of Employer, except for required travel on business.  Employer shall furnish Executive with office space in its principal executive offices and such other facilities and services as shall be suitable to Executive’s position and adequate for the performance of his duties hereunder.

4.           Compensation

(a)           Salary.  Employer shall pay Executive an Annual Base Salary of $_____, payable ____ per month in accordance with Employer’s applicable payroll policies, as may be modified from time to time.

(b)           Bonus.  Executive will be eligible to receive a discretionary bonus by meeting performance targets as may be established by the Board from time to time.  The amount of such bonus, if any, shall be determined in the sole discretion of the Board.

  

 

  

(c)           Equity Participation.  Executive shall receive stock options to purchase ___ shares of MedCAREERS GROUP, Inc. (“MCGI”) common stock at an exercise price of ___ per shares.  The options shall vest pursuant to that certain stock option agreement of evendate hereof.

(d)           Other Benefits.  In addition to the compensation provided for in subparagraphs (a) and (c) above, during the term of his employment under this Agreement, Executive shall be eligible:

(1)           to participate in any and all employee benefit programs or stock programs of Employer, now or hereafter in effect and open to participation by qualifying employees of Employer generally, including but not limited to participation in any qualified pension, profit sharing or stock option plans;

(2)           to participate in any comprehensive group medical plan and/or other group plans provided by Employer, to the extent allowed by the terms of such plans, with the cost of such coverage for Executive and Executive’s family to be paid by Employer on the same basis as for other senior executives of Employer;

(3)           for reimbursement of all reasonable and necessary business expenses incurred by Executive in performing his duties hereunder, subject to Executive submitting appropriate vouchers in accordance with Employer’s policy; and

(4)           for three weeks fully paid vacation during each calendar year, in accordance with Employer’s vacation policies.

 

5.           Termination of Employment

(a)           Termination by Employer.  Notwithstanding any provision contained in this Agreement to the contrary, Employer shall be entitled to terminate this Agreement upon the occurrence of the following:

(1)           The death of Executive;

(2)           Executive’s inability to perform the essential functions of his position (with such accommodation as may be required by law);

(3)           Executive: (A) habitually neglects or engages in misconduct in connection with his duties and responsibilities hereunder, (B) willfully and materially breaches his duties or obligations under this Agreement, including but not limited to his obligations in Paragraphs 7-10 of this Agreement, or (C) is convicted of a felony, or engages in any conduct which could injure the integrity, character or reputation of Employer or which impugns Executive’s own integrity, character or reputation so as to cause Executive to be unfit to act in the capacity of President & Chief Executive Officer (collectively, termination for any reason set forth in this subparagraph (a)(3) shall be “For Cause”);

(4)           Executive gives notice to Employer, pursuant to Section 5(b) or otherwise, that Executive intends to terminate his employment under this Agreement; or

(5)           A sale of substantially all of the assets or a change of control in connection with a acquisition or fundamental transaction affecting MCGI or the Employer; or

  

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(6)           Without cause by other action of the Employer.

Except for a termination pursuant to Paragraphs 5(a)(1), (3), (4) or (5), which shall be effective immediately upon the occurrence thereof, termination pursuant to Paragraph 5(a) shall be effective immediately upon Employer’s execution of thirty (30) days advance written notice to Executive (“Termination Date”).

(b)           Termination by Executive.  Notwithstanding any provision contained in this Agreement to the contrary, Executive shall be entitled to terminate this Agreement upon thirty (30) days advance written notice to the Employer.

6.           Compensation After Termination

(a)           Termination without Severance Pay.  In the event of a termination pursuant to Paragraphs 5(a)(1)—(5) or 5(b), Employer shall have no further obligation to Executive after the Termination Date, except as otherwise provided by law or by any separate agreements.  Employer shall continue to have all other rights available hereunder (including, without limitation, all rights under Paragraphs 7-11) at law or in equity.

(b)           Termination with Severance Pay.  If this Agreement is terminated pursuant to Paragraph 5(a)(6), Employer shall pay Executive severance pay in the amount of twelve (12) months of his Annual Base Salary, less applicable tax withholding, to be distributed through salary continuation, at Employer’s option.  The receipt of such severance pay shall be contingent upon Executive’s execution of a general release of all claims against Employer and its affiliates, of a form and substance acceptable to Employer.  Employer shall have no further obligation to Executive, except as otherwise provided by law or by the Equity Agreements.  Employer shall continue to have all other rights available hereunder (including, without limitation, all rights under Paragraphs 7-11) at law or in equity.

7.           Covenant Not To Compete

(a)           Executive’s Acknowledgments.  Executive acknowledges that: (i) during the Term and thereafter, Employer is and will be engaged in the healthcare staffing and online community industry business (the “Business”); (ii) Executive is one of a limited number of persons who will be developing the Business of Employer; (iii) Executive has and will continue to occupy a position of trust and confidence with Employer during the Term, and has and will continue to be familiar with Employer’s trade secrets and with other proprietary and confidential information; (iv) the agreements and covenants contained in this Paragraph are essential to protect Employer and its goodwill and are a condition precedent to Employer entering into this Agreement; (v) Executive’s employment with Employer has special, unique and extraordinary value to Employer and Employer would be irreparably damaged if Executive were to provide services to any person or entity in violation of the provisions of this Agreement; and (vi) the provisions of this Paragraph will not impair Executive’s ability to support himself.

(b)           Covenant Not to Compete.  Executive hereby agrees that for a period commencing on the Effective Date and ending twelve (12) months after the termination of Executive’s employment, as set forth in Paragraph 7(c), below, (the “Restrictive Period”), Executive shall not, directly or indirectly, as employee, agent, consultant, stockholder, director, co-partner or in any other individual or representative capacity, own, operate, manage, control, engage in, invest in or participate in any manner in, act as a consultant or advisor to, render services for (alone or in association with any person, firm, corporation or entity), or otherwise assist any person or entity (other than Employer or an affiliate of Employer) that engages in or proposes to engage in the Business, or in any other field in which Employer had actively planned to become engaged prior to Executive’s termination from Employer.  Executive acknowledges

  

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that Employer is engaged in business worldwide; that Employer competes on a worldwide basis; and that this restrictive covenant is reasonable and necessary on a worldwide basis.

8.           Non-Solicitation of Employees

Other than in the performance of his duties hereunder, during the Restrictive Period, Executive shall not, directly or indirectly, as employee, agent, consultant, stockholder, director, co-partner or in any other individual or representative capacity, employ or engage, recruit or solicit for employment or engagement, any person who was, is or becomes employed or engaged by Employer during the Restrictive Period, or otherwise seek to influence or alter any such person’s relationship with Employer.

 

9.           Confidential Information

Executive recognizes and acknowledges that Employer has developed and will develop, and may disclose to Executive, certain proprietary information relating to the Business and software to be used in connection therewith, which information gives Employer a competitive advantage over those in its field who do not have such information and for which it has taken reasonable efforts to maintain the secrecy thereof (“Confidential Information”).  Executive will not, during or after the Term, disclose such Confidential Information to any person, firm, corporation, association or other entity for any reason or purpose whatsoever other than on behalf of Employer in the ordinary course of its business, nor shall Executive make use of any such Confidential Information for his own purposes or for the benefit of any person, firm, corporation or other entity (except Employer) under any circumstances during or after the term of his employment.  As used herein, Confidential Information does not include any information that (a) was previously known to Executive free of any obligation of confidentiality; (b) is in the public domain or generally known at the time of disclosure or thereafter becomes part of the public domain or generally known through no fault of Executive; or (c) is required to be disclosed by law or regulation or judicial decree, provided, however, that Executive shall, to the extent practicable, give Employer prior written notice of any such disclosure and shall cooperate with Employer in obtaining a protective order or such similar protection as Employer may deem appropriate.  Executive acknowledges and agrees that all memoranda, books, papers, letters, formulae, software and other data, and all copies thereof in whatever form, that embody or contain Confidential Information, whether made by him or otherwise coming into his possession, are owned exclusively by Employer and on termination of his employment, or on demand of Employer, at any time, to deliver the same to Employer.

10.           Assignment of Inventions

If Executive individually or jointly made or conceived of any invention, technique, process, or other know-how, whether patentable or not, in the course of performing services for Employer (collectively “inventions”), Executive agrees to assign to Employer Executive’s entire right, title and interest in any such inventions.  Executive further agrees to promptly disclose any such inventions to Employer and will, upon request, promptly sign a specific assignment of title to Employer and assist in any way reasonably necessary to enable Employer to secure patent, trade secret or any other proprietary rights in the United States or foreign countries.  This Paragraph does not apply to any invention for which no equipment, supplies, facility or trade secret information of Employer was used and which was developed entirely on Executive’s own time, unless: (1) the invention relates (a) to the business of Employer or (b) to Employer’s actual demonstratively anticipated research or development; or (2) the invention results from any work performed by Executive for Employer.

11.           Remedies for Enforcement of Restrictive Covenants

  

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(a)           Blue-Pencil.     If any court of competent jurisdiction shall deem any provision in Paragraphs 7-10 (collectively, “Restrictive Covenants”) too restrictive, the other provisions of the Restrictive Covenants shall stand, and the court shall modify the Restrictive Covenants to the point of greatest restriction permissible by law.

(b)           Remedies.     Executive acknowledges and agrees that the Restrictive Covenants are reasonable and necessary for the protection of Employer’s business interests, that irreparable injury will result to Employer if Executive breaches any of the terms of said Restrictive Covenants, and that in the event of Executive’s actual or threatened breach of any such Restrictive Covenants, Employer will have no adequate remedy at law.  Executive accordingly agrees that in the event of any actual or threatened breach by him of any of the Restrictive Covenants, Employer shall be entitled to immediate temporary injunctive and other equitable relief, without bond and without the necessity of showing actual monetary damages, subject to hearing as soon thereafter as possible.  Nothing contained herein shall be construed as prohibiting Employer from pursuing any other remedies available to it for such breach or threatened breach, including the recovery of any damages which it is able to prove.

(c)           Attorneys’ Fees.     If Employer commences litigation to enforce or protect its  rights as set forth in Paragraphs 7-10, above, and prevails, Employer shall be entitled to recover reasonable attorneys’ fees, reasonable litigation expenses and court costs relating to such litigation, in addition to all other entitled relief, including but not limited to damages and injunctive relief.

12.          Executive Assistance

Both during and after Executive’s employment with Employer, Executive shall, upon reasonable notice, furnish Employer with such information as may be in Executive’s possession or control, and cooperate with Employer, as Employer may reasonably request (with due consideration to Executive’s business activities and obligations after the Term), in connection with any litigation, claim, or other dispute in which Employer or any of its affiliates is or may become a party.  Employer shall reimburse Executive for all reasonable out-of-pocket expenses incurred by Executive in fulfilling Executive’s obligations under this Paragraph.

13.          Arbitration

Except for disputes arising out of an alleged violation of the Restrictive Covenants set forth in Paragraphs 7-11, any controversy or claim arising out of or relating to any provision of this Agreement or any other document or agreement referred to herein (including, but not limited to any stock option plan) shall be resolved by arbitration.  The arbitration process shall be instigated by either party giving written notice to the other of the desire for arbitration and the factual allegations underlying the basis for the dispute.  The arbitration shall be conducted by such alternative dispute resolution service as is agreed to by the parties, or, failing such agreement within thirty (30) days after such dispute arises, by arbitrators selected as described below in accordance with the rules and procedures established by the American Arbitration Association.  Only a person who is a practicing lawyer admitted to a state bar may serve as an arbitrator.  Each party shall select one arbitrator, and those arbitrators shall choose a third arbitrator; these arbitrators shall constitute the panel.  The American Arbitration Association rules for employment arbitration shall control any discovery conducted in connection with the arbitration.  The expenses of arbitration (other than attorneys’ fees) shall be shared as determined by arbitration.  Each side to the claim or controversy shall pay their own attorneys’ fees.  Any result reached by the panel shall be binding on all parties to the arbitration, and no appeal may be taken.  It is agreed that any party to any award rendered in such arbitration proceeding may seek a judgment upon the award and that judgment may be entered thereon by any court having jurisdiction.  The arbitration shall be conducted in Fulton County, Georgia.

14.          Successors and Assigns; Assumption by Successors

  

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This Agreement may not be assigned by any party hereto; provided that Employer may assign this Agreement:  (a) to an affiliate so long as such affiliate assumes Employer’s obligations hereunder and no such assignment shall discharge Employer of its obligations herein, or (b) in connection with a corporate transaction, to the surviving corporation or purchaser as the case may be, so long as such entity assumes Employer’s obligations hereunder.

15.          Notices

All notices, consents, waivers, and other communications under this Agreement must be in writing and will be deemed to have been duly given when (a) delivered by hand (with written confirmation of receipt), (b) sent by facsimile (with written confirmation of receipt), provided that a copy is mailed by registered mail, return receipt requested, or (c) when received by the addressee, if sent by a nationally recognized overnight delivery service (receipt requested), in the case of Employer, to the appropriate addresses and facsimile numbers set forth below, and, in the case of Executive, to the last address of Executive maintained on the Employer’s business records:

If to Employer:

	
Attention:

	  
	  	
___________________

Either party may, by providing notice in the manner described above, waive all or any part of any advance notice requirement that it may be entitled to hereunder.

16.          Invalidity/Waiver of Breach

The invalidity or unenforceability of any provision or application of this Agreement shall not affect the validity or enforceability of any other provisions or applications, which shall remain in full force and effect.  Waiver by any party of a breach of any provision or application of this Agreement shall not operate as or be construed as a waiver by such party of any subsequent breach hereof.

 

17.          Entire Agreement; Written Modification

This Agreement contains the entire agreement between the parties concerning the employment of Executive by Employer.  No modification, amendment or waiver of any provision hereof shall be effective unless in writing specifically referring hereto and signed by the party against whom such provision as modified or amended or such waiver is sought to be enforced.

18.           Governing Law

This Agreement is governed by and is to be construed and enforced in accordance with the laws of the State of Georgia, without regard to its conflict of law provisions.

  

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IN WITNESS WHEREOF, the parties have executed or caused to be executed this Employment Agreement as of the day and year first above written.

	  	
Nurses Lounge, Inc.

	  
	  	  	  
	  	
By:

	   /s/ Timothy Armes	  
	  	
Name:

	  Timothy Armes	  
	  	
Title:

	  President	  
	  	  	  
	  	  	  
	  	
EXECUTIVE

	  
	  	  	  
	  	  	  
	  	  /s/ Timothy Armes	  
	  	
Tim Armes

	  
	  	  	  
	  	  758 East Bethel School Rd.	  
	  	
Address

	  
	  	  	  
	  	  Coppell, TX 	  75019
	  	
City, State

	
Zip

 

 

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