Document:

Exhibit 10.3

    Exhibit
      10.3

     

    SETTLEMENT
      AGREEMENT

     AND
      

    RELEASE

    

    This
      Settlement Agreement and Release (the "Agreement")
      is
      entered into as of the 1st day
      of
      June, 2006, by and between Diversified Financial Resources Corporation, a
      corporation (“DVFN”) and Diversified Holdings I, Inc., a Nevada corporation
      ("DHI").

    

    RECITALS

    

    A.
      WHEREAS, DVFN and DHI entered into a Stock Purchase Agreement dated June 30,
      2003: and

    

    B.
      WHEREAS, DVFN has payment and delivery obligations to DHI under the terms and
      conditions of that Stock Purchase Agreement that remain to be paid or performed;
      and.

    

    C.
      WHEREAS, the parties desire in exchange for the releases and promised delivery
      designated herein to release and discharge any and all claims that exist between
      the parties hereto arising from that Stock Purchase Agreement;

    

    NOW
      THEREFORE, in consideration of the mutual covenants contained herein which
      are
      acknowledge to be good and valuable consideration the parties agree as
      follows:

    

    
      	1.  	
              DVFN
                shall deliver to DHI 25,000,000 (Twenty Five Million) shares of DVFN
                common stock. DVFN shall not object to the issuance of these shares
                without a restrictive legend, pursuant to the provisions of 144(k)
                upon
                being provided with a legal opinion that supports such a position
                and DVFN
                shall issue 937,500 (Nine Hundred Thirty Seven Thousand Five Hundred)
                shares of restricted common stock to
                DHI

            

    

    

    
      	2.  	
              DVFN
                and DHI shall each release and discharge the other parties from any
                and
                all charges, claims and rights that were asserted or could have been
                asserted as to the other party arising out of the June 30, 2003 Stock
                Purchase Agreement upon the execution and performance provided for
                herein.

            

    

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	3.  	
              Except
                as expressly set forth in this agreement, the parties hereby release,
                acquit and forever discharge each other, their present and former
                officers, directors, members, employees, affiliates, owners, partners,
                attorneys, agents, successors and assigns, of and from any and all
                claims,
                demands, promises, costs, damages, expenses and/or causes of action
                of any
                nature whatsoever, which exist or may exist, as of the date of this
                agreement, including, but not limited to, those claims which are
                made or
                could be made in a legal action, whether known or unknown, liquidated
                or
                contingent. In this regard, the parties acknowledge and represent
                that
                they have made their own investigation with respect to the claims
                involved
                in any prior dealings and the advisability of settlement and that
                they
                have not relied upon any representations of any other party to this
                agreement in agreeing to settlement of the all claims and the mutual
                release contained herein.

            

    

    

    
      	4.  	
              The
                parties acknowledge and agree that this agreement is entered into
                in
                settlement and compromise of disputed or potential claims and shall
                not
                constitute an admission of any evidence of wrongdoing by any party
                and
                that each party denies any liability to any other party to this
                agreement.

            

    

    

    
      	5.  	
              DVFN
                understands that DHI is relying upon DVFN's representations and warranties
                as contained in this Agreement and the settlement of claims as set
                forth
                herein.

            

    

    

    
      	6.  	
              Should
                legal action be necessary to enforce, construe, rescind, terminate
                or
                recover for the breach of the provisions of this agreement, the prevailing
                part or parties shall be entitled to recover all costs of suit, including
                reasonable attorney's fees.

            

    

     

    
      	7.  	
              This
                Agreement shall be governed by and construed in accordance with the
                Laws
                of the State of Utah.

            

    

    

    
      	8.  	
              The
                individuals signing this Agreement warrant that they have full authority
                to bind their principals as parties to this
                Agreement.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

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

     

    

    
      	
              DIVERSIFIED
                FINANCIAL  

              RESOURCES
                CORPORATION

            	 	 	
              RICHARD
                SURBER

            
	 	 	 	 
	 	 	 	 
	/s/ Elson
              Soto, Jr.	 	 	/s/ Richard
              Surber
	
              

            	 	 	
              

            
	
              Elson
                Soto, Jr.

              President

            	 	 	Richard
              Surber

 

     

    
      
        
        

      

      
        3EXHIBIT 10.1

                              EMPLOYMENT AGREEMENT

      EMPLOYMENT  AGREEMENT,  dated as of May 26th 2006 by and between  Wi-Tron,
Inc., a Delaware  corporation,  with offices located at 59 LaGrange St, Raritan,
NJ 08869 (the "Company"),  and Joseph K. Nordgaard, an individual residing at 63
Lake Ave, Fair Haven, NJ 07704 (the "Executive").

      WHEREAS, the Company desires to secure the unique experience,  ability and
services of the Executive  upon the terms and conditions  hereinafter  set forth
and to prevent any other competitive business from securing his services;

      WHEREAS,  the Executive desires to render services to the Company upon the
terms and conditions hereinafter set forth; and

      NOW, THEREFORE, the parties mutually agree as follows:

1.  Employment.  The Company hereby employs  Executive and the Executive  hereby
accepts such  employment,  as the Chief Executive  Officer (CEO) of the Company,
subject to the terms and conditions set forth in this Agreement.

2. Duties.  The Executive  shall serve as CEO of the Company and shall  properly
perform  such duties as may be assigned to him from time to time by the Board of
Directors of the Company.  The  Executive  shall serve on the Board of Directors
without  additional  compensation.  During  the  term  of  this  Agreement,  the
Executive  shall  devote  a  substantial  portion  of his  business  time to the
performance of his duties while still allowing the Executive the  flexibility to
continue previously  established  relationships which directly support Wi-Tron's
interest,  including the Executive's  Business  Development  work with Wi-Tron's
customer,  Cellvine,  and the  IA450  International  Association  for  which the
Executive remains a board member. Executive agrees to be examined by a physician
at the  Company's  expense  in order  for the  Company  to obtain a key man life
insurance policy in an amount not to exceed $1,000,000 upon terms and conditions
acceptable to the Company.  The company will also obtain $3,000,000 of executive
insurance to insure the individual from personal liabilities.

3. Term of Employment.  The term of the  Executive's  employment  shall be for a
period of three years commencing on May 31, 2006, subject to earlier termination
by the  parties  pursuant  to  Sections  4, 6 and 7  hereof.  The  Term  of this
Agreement shall be automatically  extended for additional one (1) year renewals,
unless either party notifies to other in writing at least ninety (90) days prior
to the  expiration  of the then existing Term of its intention not to extend the
Term.

                                       1
<PAGE>

4. Compensation of Executive.

      4.1  Salary.

      (a)  Company  shall  pay  to  Executive  the  following  a  monthly  based
compensation  for his  services  hereunder,  less  such  deductions  as shall be
required to be  withheld by  applicable  law and  regulations:  a base salary of
$130,000 a year (the "Base Salary").  All salaries payable to Executive shall be
paid at such regular monthly interval at the end of each month worked.

      (b) Company shall issue to Executive options upon signing for the purchase
of 900,000 Incentive Stock Options exercisable at a price determined pursuant to
the Company's 2005 Stock Option Plan, and 1,100,000 stock options exercisable at
$0.20 per share that shall vest immediately; and

      (c) Company shall award additional options as follows:

            o     January  31,  2007,  1,000,000  at 20% below the median of the
                  share closing  prices for the month on January  2007,  vesting
                  December 2007.

            o     Upon the successful closing of first contract worth $5,000,000
                  or more,  the  company  will  issue  1,000,000  at the  median
                  closing price for the thirty-day  prior to the announcement of
                  the contract.

            o     Additional  stock  options will be issued in 2007,  subject to
                  Board  approval  and based on the overall  performance  of the
                  company.

      4.2 Back Payments.  Prior to signing this agreement, the Company shall pay
all  back  invoices  and  expenses  accrued  while  the  Executive  served  as a
consultant for the Company.  This includes all accrued  compensation  and normal
and customary expenses prior to June 1, 2006.

      4.3  Discretionary  Bonus.  During the Term and in  addition to the annual
salary set forth in Section 4.1 above,  the Executive  shall be entitled to such
bonus  compensation  as the Board of Directors of the Company may determine from
time to time in its sole discretion  payable in cash,  options and/or in capital
stock of the Company.

      4.4 Expenses. During the Term, the Company shall provide the Executive for
all  reasonable  and  necessary  business  travel  expenses  and other bona fide
disbursements incurred by the Executive on behalf of the Company, in performance
of the Executive's duties hereunder.

      4.5  Benefits.  The  Executive  shall  be  permitted  during  the  Term to
participate  in  any  hospitalization  or  disability  insurance  plans,  health
programs,  pension plans,  bonus plans or similar benefits that may be available
to other executives of the Company to the extent the Executive is eligible under
the terms of such plans or programs. The Company agrees to provide the Executive
with a paid health insurance plan.

                                       2
<PAGE>

      4.6  Change of Control.

      (a)  In the event that  there  occurs a "Change of  Control"  (as  defined
           below) during the term of this  Agreement and as a result thereof the
           Executive  resigns  or this  Agreement  is  terminated,  the  Company
           expressly  agrees  that upon such  resignation  or  termination,  the
           Company shall pay to the Executive a sum equal to one year salary. As
           used  herein,  the term  "Change of Control"  shall mean,  subject to
           Section 4.6(b) hereof, either

      (i)  a sale of all or substantially all of the assets of the Company other
           than by way of a public offering of the Company's securities,

      (ii) a merger or  consolidation  of the  Company,  whereby  the holders of
           equity securities of the Company prior to the transaction,  hold less
           than 50% of the total voting power of the surviving corporation, or

      (iii)the sale or transfer  of shares of the Company by the Company  and/or
           any one or more of its  shareholders,  in one transaction or a series
           of transactions,  to one or more parties under circumstances  whereby
           the  holders  of  equity  securities  of  the  Company  prior  to the
           transaction,  hold  less than 50% of the  total  voting  power of the
           surviving corporation.

      (b)  Notwithstanding  anything  set forth herein to the  contrary,  in the
event that the Executive, as a member of the Company's Board of Directors, votes
in favor of any of the  transactions  described  in  either  Section  4.7(i)  or
4.7(ii) below, then in such event,  there shall not be deemed to have occurred a
"Change of Control" for the purposes of this Agreement.

      4.7 Acceleration of Compensation.  In the event that either:  (i) a tender
offer for shares of the  Company's  Common  Stock is made,  which  tender is not
approved by the  Company's  Board of Directors  and a majority of the  Company's
outstanding  stock is tendered  thereunder,  or (ii) a Board of  Directors,  not
recommended by management is empaneled,  then and in either of those events, six
months salary will be awarded to the Executive and all options will  immediately
vest.

5.  Vacations.  The Executive shall be entitled to a vacation of three (3) weeks
for the  remainder  of 2006 and four (4) weeks per  calendar  year from then on,
during which period his salary shall be paid in full.  The Executive  shall take
his  vacation  at such  time or times as the  Executive  and the  Company  shall
determine is mutually convenient.

6. Disability of the Executive. If the Executive is incapacitated or disabled by
accident,  sickness or otherwise (including,  without limitation, as a result of
abuse of alcohol or other drugs or  controlled  substances)  so as to render the
Executive  mentally or physically  incapable of performing the services required
to be performed  under this  Agreement for a period of one hundred  twenty (120)
consecutive  days or  longer or for any one  hundred  eighty  (180)  days in any
period of three  hundred  sixty (360)  consecutive  days (a  "Disability"),  the
Company may, at that time or any time thereafter,  at its option,  terminate the
employment of the Executive  under this  Agreement  immediately  upon giving the
Executive  notice  to  that  effect.  In  the  event  of the  Disability  of the
Executive,  the Executive  shall  receive  severance  compensation  equal to six
months salary.

                                       3
<PAGE>

7. Termination.

      7.1 Termination for Cause. The Company may terminate the employment of the
Executive and all of the Company's  obligations under this Agreement at any time
for Cause  (as  hereinafter  defined)  by giving  the  Executive  notice of such
termination,  with reasonable specificity of the details thereof.  "Cause" shall
mean (i) the Executive's legal misconduct could reasonably be expected to have a
material  adverse  effect on the business  and affairs of the Company,  (ii) the
Executive's disregard of lawful instructions of the Company's Board of Directors
consistent with the Executive's position relating to the business of the Company
or neglect of duties or failure to act, which, in each case, could reasonably be
expected to have a material  adverse  effect on the  business and affairs of the
Company, (iii) the commission by the Executive of an act constituting common law
fraud, or a felony, or criminal act against the Company or any affiliate thereof
or any of the assets of any of them,  (iv) conviction of a crime involving moral
turpitude  or (v)  the  Executive's  material  breach  of any of the  agreements
contained  herein.  A termination  pursuant to Section 7.1(i),  (ii)or (v) shall
take effect fifteen (15) days after the giving of the notice contemplated hereby
unless the Executive shall,  during such fifteen (15) day period,  remedy to the
satisfaction of the Board of Directors of the Company the misconduct,  disregard
or breach  specified in such notice;  provided,  however,  that such termination
shall take  effect  immediately  upon the giving of such  notice if the Board of
Directors of the Company shall,  in its sole  discretion,  have  determined that
such  misconduct,  disregard or breach is not  remediable  (which  determination
shall be stated in such notice).  A termination  pursuant to Section 7.1(iii) or
(iv) shall take effect  immediately  upon the giving of the notice  contemplated
hereby.

      7.2 Termination without Cause. The Company may terminate the employment of
the Executive and all of the Company's  obligations under this Agreement (except
as hereinafter provided) at any time during the Term without Cause (hereinafter,
"Not for Cause") by giving the Executive written notice of such termination,  to
be effective fifteen (15) days following the giving of such written notice.

      7.3 Termination for Good Reason; Resignation. The Executive may (i) resign
or (ii) terminate his employment and all of his obligations under this Agreement
at any time during the Term for Good Reason (as  hereinafter  defined) by giving
the Company  notice of such  termination,  with  reasonable  specificity  of the
details thereof,  to be effective fifteen (15) days following the giving of such
written  notice.  Good Reason shall mean the  occurrence of any of the following
events or conditions:

      (i)  (A)  the  assignment  to  the  Executive  of  any  duties  materially
inconsistent in any respect with the  Executive's  position  (including  status,
offices,   titles   and   reporting   requirements),    authority,   duties   or
responsibilities  as  contemplated  by Section 2 of this  Agreement,  or (B) any
other  action by the  Company  which  results in a material  diminution  in such
position, authority, duties or responsibilities, other than an insubstantial and
inadvertent  action which is remedied by the Company  promptly  after receipt of
notice  thereof  given by the  Executive;  or (ii) any failure by

                                       4
<PAGE>

the Company to comply with the  provisions of Section 4 or 5 of this  Agreement,
other than an  insubstantial  and  inadvertent  failure which is remedied by the
Company  promptly  after receipt of notice  thereof given by the  Executive;  or
(iii)  the  Company's  requiring  the  Executive  to be based at any  office  or
location  outside  a fifteen  (15)  mile  radius  from the  Company's  principal
executive offices,  except for travel reasonably  required in the performance of
the  Executive's  responsibilities;  or (iv) any  purported  termination  by the
Company  of the  Executive's  employment  otherwise  than as  permitted  by this
Agreement,  it being understood that any such purported termination shall not be
effective for any purpose of this Agreement.

      For  purposes of this  subsection,  any good faith  determination  of Good
Reason made by the Executive shall be conclusive.

      For  convenience of reference,  the date upon which any termination of the
employment of the Executive pursuant to Sections 6 or 7 shall be effective shall
be hereinafter referred to as the "Termination Date".

8. Effect of Termination of Employment.

      (a) Upon the termination of the Executive's  employment for Cause, neither
the Executive nor the Executive's beneficiaries or estate shall have any further
rights  under this  Agreement or any claims  against the Company  arising out of
this  Agreement,  except the right to receive  (i) two months  salary;  and (ii)
reimbursement   for  any  expenses  for  which  the  Executive  shall  not  have
theretofore  been   reimbursed,   as  provided  in  Section  4.4  (the  "Expense
Reimbursement Amount").

      (b) Upon the termination of the Executive's  employment by the Company Not
for Cause or by the  Executive  for Good Reason,  neither the  Executive nor the
Executive's  beneficiaries  or estate  shall have any further  rights under this
Agreement  or any claims  against  the Company  arising  out of this  Agreement,
except the right to receive (i) the unpaid  portion of the Base Salary  computed
on a pro rata basis to the close of the calendar month in which the Executive is
terminated (the "Unpaid Salary Amount"),  (ii) the Expense  Reimbursement Amount
and (iii) six months additional severance payment.

      (c) In the event the Executive  resigns from the employment by the Company
prior  to the  end of the  Term,  neither  the  Executive  nor  the  Executive's
beneficiaries  or estate shall have any further  rights under this  Agreement or
claims  against the Company  arising out of this  Agreement  except the right to
receive (i) the Unpaid Salary Amount, and (ii) the Expense Reimbursement Amount.

      Notwithstanding  the preceding  provisions of this Section 8, in the event
the  payments  to be  received  by the  Executive  would  constitute  an "excess
parachute  payment"  under the  Internal  Revenue Code of 1986,  and  applicable
regulations as then in effect,  then such payments shall be reduced  accordingly
so as not to constitute an "excess parachute payment."

                                       5
<PAGE>

9. Disclosure of Confidential Information.  The Executive recognizes that he has
had and will  continue  to have  access to secret and  confidential  information
regarding the Company, including but not limited to its customer list, products,
formulae,   know-how,   and  business   and   marketing   plans   ("Confidential
Information").  The Executive  acknowledges  that such  information  is of great
value to the Company, is the sole property of the Company, and has been and will
be acquired by his in confidence. In consideration of the obligations undertaken
by the Company herein,  the Executive will not, at any time, during or after his
employment  hereunder,  reveal,  divulge  or  make  known  to  any  person,  any
Confidential  Information  acquired  by the  Executive  during the course of his
employment.  The  provisions  of this  Section 9 shall  survive the  Executive's
employment hereunder for a period of three years.

10. Covenant Not To Compete.

      (a) The  Executive  recognizes  that the  services to be  performed by him
hereunder are special, unique and extraordinary.  The parties confirm that it is
reasonably necessary for the protection of Company that the Executive agree, and
accordingly, the Executive does hereby agree that, except for and limited to the
prior  relationships  and duties held by the  Executive  that are  described  in
Section 2 herein, he shall not,  directly or indirectly,  at any time during the
term of the Agreement and the  "Restricted  Period" (as defined in Section 10(e)
below):

      (i)  except as provided in Subsection (c) below,  be engaged in the linear
           power amplifier industry or provide technical  assistance,  advice or
           counseling regarding the linear power amplifier industry in any state
           in the United States or any other country in which the Company or any
           affiliate thereof is engaged in business, either on his own behalf or
           as an officer, director, stockholder, partner, consultant, associate,
           employee,   owner,  agent,  creditor,   independent  contractor,   or
           co-venturer of any third party; or

      (ii) employ or engage, or cause or authorize,  directly or indirectly,  to
           be  employed  or  engaged,  for or on behalf of  himself or any third
           party, any employee or agent of Company or any affiliate thereof.

      (b)  The Executive hereby agrees that he will not, directly or indirectly,
           for or on behalf of himself or any third  party,  at any time  during
           the term of the Agreement and during the  Restricted  Period  solicit
           any customers of the Company or any affiliate thereof.

      (c)  If any of the  restrictions  contained  in this  Section  10 shall be
           deemed  to be  unenforceable  by reason of the  extent,  duration  or
           geographical scope thereof, or otherwise,  then the court making such
           determination  shall have the right to reduce such extent,  duration,
           geographical  scope, or other provisions  hereof,  and in its reduced
           form  this  Section   shall  then  be   enforceable   in  the  manner
           contemplated hereby.

                                       6
<PAGE>

      (d)  This  Section 10 shall not be  construed  to prevent  Executive  from
           owning,  directly  or  indirectly,  in the  aggregate,  an amount not
           exceeding  one  percent  (1%) of the  issued and  outstanding  voting
           securities of any class of any company whose voting  capital stock is
           traded on a national securities  exchange or on the  over-the-counter
           market other than securities of the Company.

      (e)  The term "Restricted  Period," as used in this Section 10, shall mean
           the period of the Executive's  actual employment  hereunder plus: (i)
           in  the  event  that  this  Agreement  expires  or the  Executive  is
           terminated   for  Cause,   the  thirty  six  (36)  months  after  the
           Termination  Date  or  (ii)  in  the  event  that  the  Executive  is
           terminated without Cause, for Good Reason or for a Disability, twelve
           (12) months after the Termination Date.

      (f)  The  provisions  of this  Section  10  shall  survive  the end of the
           Restricted Period as provided in Section 10(e) hereof.

11.    Miscellaneous.

      11.1 Injunctive Relief. The Executive acknowledges that the services to be
rendered  under the  provisions of this  Agreement are of a special,  unique and
extraordinary  character and that it would be difficult or impossible to replace
such services.  Accordingly,  the Executive agrees that any breach or threatened
breach by him of Sections 9 or 10 of this  Agreement  shall entitle the Company,
in addition to all other legal  remedies  available to it, to apply to any court
of competent  jurisdiction  to seek to enjoin such breach or threatened  breach.
The parties  understand and intend that each restriction  agreed to by Executive
hereinabove  shall be  construed  as separable  and  divisible  from every other
restriction,  that the  unenforceability  of any restriction shall not limit the
enforceability,  in whole or in part, of any other restriction,  and that one or
more or all of such  restrictions  may be  enforced  in  whole or in part as the
circumstances  warrant.  In the event that any  restriction in this Agreement is
more  restrictive  than  permitted by law in the  jurisdiction  in which Company
seeks  enforcement  thereof,  such  restriction  shall be  limited to the extent
permitted by law.

      11.2  Assignments.  Neither  the  Executive  nor the Company may assign or
delegate any of their rights or duties under this Agreement  without the express
written consent of the other.

      11.3 Entire  Agreement.  This Agreement  constitutes and embodies the full
and  complete  understanding  and  agreement  of the parties with respect to the
Executive's  employment by the Company,  supersedes all prior understandings and
agreements,  whether oral or written, between the Executive and the Company, and
shall not be amended,  modified or changed  except by an  instrument  in writing
executed by the party to be charged. The invalidity or partial invalidity of one
or more provisions of this Agreement shall not invalidate any other provision of
this  Agreement.  No waiver by either party of any  provision or condition to be
performed  shall be deemed a waiver  of  similar  or  dissimilar  provisions  or
conditions at the same time or any prior or subsequent time.

                                       7
<PAGE>

      11.4  Binding  Effect.  This  Agreement  shall inure to the benefit of, be
binding upon and enforceable  against,  the parties hereto and their  respective
successors, heirs, beneficiaries and permitted assigns.

      11.5  Headings.   The  headings   contained  in  this  Agreement  are  for
convenience  of  reference  only and shall not affect in any way the  meaning or
interpretation of this Agreement.

      11.6  Notices.  All notices,  requests,  demands and other  communications
required or  permitted  to be given  hereunder  shall be in writing and shall be
deemed to have been duly given when personally delivered,  sent by registered or
certified  mail,  return  receipt  requested,  postage  prepaid,  or by  private
overnight  mail service (e.g.  Federal  Express) to the party at the address set
forth above or to such other address as either party may  hereafter  give notice
of in accordance  with the provisions  hereof.  Notices shall be deemed given on
the  sooner  of the date  actually  received  or the  third  business  day after
sending.

      11.7 Governing  Law. This Agreement  shall be governed by and construed in
accordance  with the laws of the State of New Jersey  without  giving  effect to
such  State's  conflicts  of laws  provisions  and  each of the  parties  hereto
irrevocably  consents  to the  jurisdiction  and venue of the  federal and state
courts located in the State of New Jersey, County of Somerset.

      11.8 Counterparts. This Agreement may be executed simultaneously in two or
more counterparts,  each of which shall be deemed an original,  but all of which
together shall constitute one of the same instrument.

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

                               WI-TRON, INC

                               By: /s/ John Chase Lee
                                   -----------------------------
                                       John Chase Lee, President

                               /s/ Joseph K. Nordgaard
                               -------------------------
                               Joseph K. Nordgaard

                                       8

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