Document:

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                                                                   Exhibit 10.50
                                    Agreement

         This  Agreement  ("Agreement"),  dated as of July 29, 2003,  is between
Ventures-National  Incorporated,  a Utah  Corporation  ("VNI" or the "Company"),
Irrevocable Children's Trust ("Trust") and Robert Ciri ("Executive").

         WHEREAS, VNI desires to engage Executive as its Chief Executive Officer
(referred  to herein as "CEO"),  for the  period,  and upon the other  terms and
conditions, herein provided; and

         WHEREAS,  Executive  is willing to be  employed  by the  Company as its
President pursuant to the terms and conditions of this Agreement  effective July
24, 2003; and

         WHEREAS,  Trust is willing to assist the  Company in  compensating  its
CEO;

         NOW, THEREFORE,  in consideration of the promises, the mutual covenants
and obligations herein contained, and for other good and valuable consideration,
the receipt,  adequacy,  and sufficiency of which are hereby  acknowledged,  the
parties hereto do hereby covenant and agree as follows:

1.       EMPLOYMENT

         1.1 Position. The Company hereby confirms Executive's employment as its
CEO.  Executive  shall report  directly to the Company's Board of Directors (the
"Board of  Directors")  and shall  perform the duties  described  in Section 1.2
hereof, subject to such limitations of authority as may be established from time
to time by the Company's Board of Directors and applicable law.

         1.2  Duties.   Executive's   duties  will   include  all  those  duties
customarily  associated  with the position of CEO in an emerging growth company,
subject  to a  reasonable  agreement  with the  Company's  Board  of  Directors.
Executive agrees to devote  substantially his entire business time and attention
to the performance of his duties  hereunder and to serve the Company  diligently
and to the best of his abilities. Notwithstanding the foregoing, Executive shall
have the continuing right:

              (a)  to  make  passive   investments  in  the  securities  of  any
publicly-owned corporation;

              (b) to make any other passive investments with respect to which he
is not  obligated or required to, and does not in fact,  devote any  substantial
managerial  efforts that  interfere  with the  fulfillment  of his duties to the
Company; and

              (c) subject to the prior written  approval of the Company's  Board
of Directors,  to serve as a director of or  consultant  to other  companies and
entities Executive represents that he is under no actual or alleged restriction,
limitation,  or other  prohibition  (whether as a result of prior  employment or
otherwise) to perform his duties as described herein.

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2. COMPENSATION AND BENEFITS

         2.1 Base Annual  Salary.  The Company shall pay Executive a base annual
salary  of  $1.00  (the  "Base  Annual  Salary"),  subject  to all  payroll  and
withholding deductions required by applicable law.

         2.2  Warrants.  On or  before  July 31,  2003,  the Trust  shall  issue
Executive fully vested warrants to purchase up to 1 million shares of the common
stock par value $0.001 of the Company (the "Common Stock")  substantially on the
terms of the warrant attached hereto as Exhibit A (the  "Warrants"),  which such
terms include among other things,  an exercise price of $0.50 with an expiration
date of three  years from the date of  issuance  and a  provision  for  cashless
exercise. The shares of Common Stock underlying the Warrants shall be registered
on Form SB-2 (or other  appropriate  form if Form SB-2 should be unavailable) as
soon as practicable, but in no case later than December 31, 2003.

         2.3 Bonus  Payment.  On July 31, 2004,  unless this  Agreement has been
terminated at an earlier date in accordance  with Section 3 hereof,  the Company
shall pay the  Executive  $50,000  in cash as a cash  bonus and the Trust  shall
issue 50,000 shares of Common Stock to Executive (the "Bonus Payment");

         2.4 Expense Reimbursement. The Company will reimburse Executive for all
personal and business expenses,  including Company's standard car allowance, and
reimbursement for  telecommunication  and other expenses  associated with remote
area employment; and

         2.5 Executive  shall be entitled to other  benefits and  perquisites no
less favorable than those provided to the Company's employees generally, as such
benefits  and  perquisites  may be modified  from time to time in the  Company's
discretion.  Such benefits shall in all events  include,  but not be limited to,
health  insurance,  life insurance,  director and officer insurance and a 401(k)
plan and two (2) weeks of vacation  annually.  Such perquisites shall be further
defined in Company's employee manual.

3. TERMINATION AND SEVERANCE PAY

         3.1 At Will.  Executive  and the  Company  acknowledge  and agree  that
Executive's  employment  with the  Company is "at will"  during the term of this
Agreement. Accordingly, either party may terminate Executive's employment by the
Company,  with or without cause, in which case Executive shall have no claim for
lost wages,  although termination of Executive's  employment shall be subject to
the terms and conditions of this Agreement regarding severance pay, benefits and
other obligations. Executive and the Company are not party to any oral agreement
relating to the Executive's employment by the Company.

         3.2  Resignation  without  Good Reason.  In the event that  Executive's
employment with the Company  terminates as a result of his  resignation  without
Good Reason, Executive shall be entitled to no severance pay or benefits.

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3.3      Resignation with Good Reason.

              (a) Severance Pay. In the event that  Executive's  employment with
the Company  terminates  as a result of his  resignation  with Good Reason,  (as
defined in Section 3.3 (c) hereof), Executive shall be entitled to severance pay
in the amount of $50,000 to be paid within 30 days of termination.

              (b) Additional Benefits. In the event that Executive's  employment
with the Company  terminates  as a result of his  resignation  with Good Reason,
Executive shall be entitled to continue to participate in the Company's employee
benefits  program in accordance with the Company's  employment  policies then in
effect including  customary  co-payment  obligation for health  insurance.  Such
benefits  shall  continue for the benefit of Executive  for the entire period of
his severance pay continuation as provided in section 3.3 (a) above, in the same
manner  and at the same  level as in  effect  immediately  prior to  Executive's
resignation. In addition, upon any resignation by Executive for Good Reason, any
and all  bonuses  that  would be  payable  to  Executive  at the end of a period
pursuant to section 2.3 but for his earlier  resignation shall be payable to him
immediately and pro rata (in accordance with the percentage of completion of the
period  in  question  and  with  reference  to  the  best  available   financial
information proximate to the time of resignation).

              (c) Good Reason.  For purposes of this  Agreement,  the term "Good
Reason" shall mean that Executive  resigns his  employment  with the Company for
one or more of the following reasons:

                           (i) a material  reduction  in  Executive's  position,
                           compensation, authority or responsibilities;

                           (ii) any  obstruction  by the Company or the Board of
                           Directors  of the Company in the  performance  of the
                           Executive's duties by the Executive;

                           (iii)  any  material  breach  by the  Company  of its
                           obligations under this Agreement.

         3.4 Involuntary Termination.

              (a)   Severance   Pay.  In  the  event  that  Company   terminates
Executive's  employment  For Just Cause (as defined in Section 3.4 (c)  hereof),
Executive  shall  not  be  entitled  to  severance  pay or  benefits.  Excepting
termination  by the  Company  For  Just  Case,  in the  event  that  Executive's
employment  with the  Company is  terminated,  Executive  shall be  entitled  to
severance  pay in the  amount  of  $50,000  to be  paid  within  30  days of the
termination.

              (b)  Additional  Benefits.  In the event that  Company  terminates
Executive's employment other than For Just Cause, Executive shall be entitled to
continue to participate in the Company's employee benefit programs as and to the
extent  theretofore  made  available to him pursuant to Section 2.3 above.  Such
benefits shall be continued in accordance with the Company's employment policies
then in effect including customary  co-payment  obligation for

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health insurance.  Such benefits shall continue for the benefit of Executive for
the entire period of his severance pay  continuation  as provided in section 3.4
(a) above,  in the same  manner  and at the same level as in effect  immediately
prior to Executive's termination. In addition, upon any termination of Executive
by the Company other than For Just Cause, any and all cash bonuses that would be
payable to Executive at the end of a period but for is earlier termination shall
be payable to him immediately and pro rata (in accordance with the percentage of
completion  of the period in question and with  reference to the best  available
financial information proximate to the time of termination).

                  (c) For Just Cause.  For purposes of this Agreement,  the term
"For Just Cause" shall mean any  termination  of employment of Executive for one
or more of the following reasons:

                           (i)  the  conviction  of  such  person  for a  felony
                           involving an act of moral turpitude, which conviction
                           has become final and non-appealable;

                           (ii) recklessness in the performance of such person's
                           duties to the Company  causing  material  harm to the
                           Company; or

                           (iii)  material   dishonesty,   material   breach  of
                           fiduciary duty or material breach by Executive of any
                           representation, covenant or other agreement contained
                           in this Agreement.

         3.5 Death.  In the event of Executive's  death,  this  Agreement  shall
automatically  terminate and shall be of no further  force or effect;  provided,
however,  the Company shall be obligated to make all the payments and to provide
all the benefits due to Executive hereunder to the time of his death.

         3.6  Disability.  In the event of  Executive's  Disability  (as defined
below)  during the term of this  Agreement  for any period of at least three (3)
consecutive  months,  the  Company  shall  have the  right,  exercisable  in its
discretion,  to  terminate  this  Agreement.  In the event that the Company does
elect to terminate this Agreement, Executive shall receive the Severance Pay set
forth in  Section  3.3(a)  above,  and shall be  entitled  to normal  disability
benefits  in  accordance  with such  policies  of the  Company as may then be in
effect. For purposes of this Agreement, "Disability" shall mean the inability of
Executive  to perform the  essential  functions of his  employment  hereunder by
reason of physical or mental  illness or incapacity as determined by a physician
chosen by the Company and  reasonably  satisfactorily  to Executive or his legal
representative.

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4. TERM

         This Agreement  shall become  effective as of the date hereof and shall
terminate  on the date that is one (1) year after the date hereof (the  "Term"),
unless  earlier  terminated  pursuant to Article 3 hereof.  On expiration of the
Term the Executive  will be paid his Bonus  Payment in  accordance  with Section
2.3. The obligation to provide  Directors and Officers  insurance  shall survive
termination of this Agreement in all circumstances.

5. NON-SOLICITATION,     NON-DISCLOSURE,     RESTRICTIVE    COVENANTS,    AND
   NON-DISPARAGEMENT

         5.1   Non-Disclosure.   Except  as  is  reasonably   necessary  in  the
performance of his duties hereunder,  Executive shall not disclose to any person
or  entity,  or use for his own direct or  indirect  benefit,  any  Confidential
Information  (as defined  below)  pertaining  to the Company  obtained by him in
connection with his employment with the Company. For purposes of this Agreement,
the term "Confidential  Information"  shall include  information with respect to
the Company's products, services, processes,  suppliers,  customers,  customers'
account  executives,   suppliers  and  distribution  information,  price  lists,
identity and list of actual and potential  customers,  trade secrets,  technical
information,  business plans, and strategies and financial records or condition;
provided,  however,  that such information  shall not be treated as Confidential
Information  to the extent that it (a) is already  known to  Executive,  without
restriction,  prior to disclosure by the Company,  (b) is publicly  available at
the time of disclosure through no fault of the Executive or (c) becomes publicly
available  after  disclosure  (other than by Executive  through a breach of this
Section 5.1).

         5.2 The  Company  agrees  that is shall not  disclose  to any person or
entity any information that the Executive marks as confidential,  or informs the
Company is  confidential  on transferring  that  information to the Company,  or
disclose any personal information about the Executive without the consent of the
Executive to such disclosure.

         5.3  Restrictive  Covenants.  Executive  agrees that during the term of
this Agreement and for a period of one month after the  termination or expiry of
this  Agreement,  provided  the Company is not in default of any  obligation  to
Executive under this Agreement or otherwise, he shall not:

              (a) directly or indirectly, alone or as a partner, joint venturer,
officer,  director,  employee,  consultant,  agent,  independent  contractor  or
stockholder of any company or business,  engage in any business  activity in the
States  of  California,   Utah,  Massachusetts  or  New  Hampshire  ("Restricted
Territory"),  and  which is  directly  or  indirectly  in  competition  with the
business  conducted  by  the  Company  as of the  date  of  the  termination  of
Executive's employment; provided however, that, the beneficial ownership of less
than 5% of the  shares  of stock  of any  corporation  having a class of  equity
securities actively traded on a national securities exchange or over-the-counter
market shall not be deemed,  in and of itself,  to violate the  prohibitions  of
this Section.

              (b) directly or indirectly:

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                  (i) induce any customer to patronize any business  directly or
         indirectly in competition with the business conducted by Company;

                  (ii)  canvass,  solicit  or accept  from any  entity  any such
         competitive business; or

                  (iii) request or advise any customer to withdraw,  curtail, or
         cancel any such customer's business with Company;

              (c) employ any  person  who was  employed  by Company at or within
twelve (12) months prior to the termination of Executive's  employment or in any
manner  seek to induce any such person to leave his or her  employment  with the
company; or

              (d) directly or indirectly,  in any way utilize,  disclose,  copy,
reproduce,  or retain in his possession's any of Company's proprietary rights or
records, including, but not limited to, any of its customer lists.

              (e) If Executive is  terminated  for any reason other than 3.4 (c)
(iii) above,  to the extent Company  enforces  these rights on Executive,  while
these  restrictions  are  enforced by  Company,  Company  shall  continue to pay
Executive the equivalent of his base monthly salary.

              Executive agrees and acknowledges that the restrictions  contained
in this Section  5.3are  reasonable  in scope and duration and are  necessary to
protect  Company after the  termination  of Executive's  employment.  If a court
adjudges  any  provision  of this  Section  as  applied  to any  party or to any
circumstance  to be  invalid  or  unenforceable,  same will in no way affect any
other  circumstance or the validity or  enforceability of any other provision of
this  Agreement.  If any such  provision,  or any part,  thereof,  is held to be
unenforceable  because of the  duration of such  provision  or the area  covered
thereby,  the parties agree that the court making such determination  shall have
the power to reduce the duration and/or area of such provision, and/or to delete
specific words or phrases, and in its reduced form, such provision shall then be
enforceable and shall be enforced.  The parties agree and  acknowledge  that the
breach of this Section will cause irreparable  damage to Company and upon breach
of any  provision  of this  Section,  Company  shall be entitled  to  injunctive
relief, specific performance or other equitable relief; provided,  however, that
this shall in no way limit any other remedies which Company may have  including,
without limitation, the right to seek monetary damages.

         5.4 Defamatory  Statement.  Each party agrees from the date hereof that
they shall not make any written or oral statements that are slanderous, libelous
or  defamatory  concerning  the  other  party  or any of his or its  affiliates,
including  without  limitation,  any  or all of  the  Company's  or  affiliate's
executive officers and directors.

6. MISCELLANEOUS

         6.1 No Waiver.  The waiver by either party of a breach of any provision
of this  Agreement  shall  not  operate  as or be  construed  as a waiver of any
subsequent breach thereof.

<PAGE>

         6.2 Notices.  Any and all notices referred to herein shall be furnished
in writing and shall be  delivered  by hand or sent by  registered  or certified
mail, postage prepaid, to the respective parties at the following  addresses) or
at such other  address as either  party may from time to time  designate  to the
other by like notice):

                  To the Company:       President
                                        Ventures-National Incorporated
                                        44358 Old Warm Springs Boulevard
                                        Fremont, California 94538-6148

                  To Executive:         Robert Ciri
                                        PO Box 175
                                        Cody, WY  82414

         6.3 Assignment. This Agreement may not be assigned by Executive and may
not be  assigned  by the  Company  otherwise  than by  operation  of  law.  This
Agreement shall be binding upon the Company's successors and assigns.

         6.4  Entire  Agreement.  This  Agreement  supersedes  any and all prior
written or oral agreements  between  Executive and the Company and evidences the
entire  understanding  of the  parties  hereto  with  respect  to the  terms and
conditions of Executive's employment with the Company.

         6.5 Governing Law. This Agreement  shall be enforced in accordance with
the  laws of the  State  of New  York  and  shall  be  construed  in  accordance
therewith.  The parties hereto agree that all actions or proceedings  arising in
connection with this Agreement  shall be tried and litigated  exclusively in the
State and Federal courts  located in the County of New York,  State of New York.
The  aforementioned  choice of venue is intended by the parties to be  mandatory
and not permissive in nature thereby precluding in the possibility of litigation
between the parties  with  respect to or arising  out of this  Agreement  in any
jurisdiction  other than that  specified  in this  paragraph.  Each party hereby
waives any right it may have to assert the doctrine of forum non  conveniens  or
similar doctrine or to object to venue with respect to any proceeding brought in
accordance with this paragraph, and stipulates that the State and Federal courts
located  in the County of New York,  State of New York  shall  have in  personam
jurisdiction  and venue  over each of them for the  purpose  of  litigating  any
dispute, controversy, or proceeding arising out of or related to this Agreement.
Each party  hereby  authorizes  and accepts  service of process  sufficient  for
personal mail, return receipt requested, postage prepaid, to its address for the
giving of notices as set forth in this  Agreement.  Any final judgment  rendered
against  a party in any  action  of  proceeding  shall be  conclusive  as to the
subject of such final judgment and may be enforced in other jurisdictions in any
manner provided by law.

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

Ventures-National Incorporated

By:  /s/ Joel Gold
     -------------------------------------------------
     Joel Gold, Director and Authorized Signatory

/s/ Robert Ciri
-------------------------------------------------
Robert Ciri

Irrevocable Children's Trust

By: /s/ David M. Marks
    ---------------------------------------------
    David M. Marks, Trustee<PAGE>

                                                                   Exhibit 10.51

                                    Agreement

         This  Agreement  ("Agreement"),  dated as of July 29, 2003,  is between
Ventures-National  Incorporated,  a Utah  Corporation  ("VNI" or the "Company"),
Irrevocable Children's Trust ("Trust") and Andrew Glashow ("Executive").

         WHEREAS,  VNI desires to engage Executive as its President (referred to
herein as "President"), for the period, and upon the other terms and conditions,
herein provided; and

         WHEREAS,  Executive  is willing to be  employed  by the  Company as its
President pursuant to the terms and conditions of this Agreement  effective July
24, 2003; and

         WHEREAS,  Trust is willing to assist the  Company in  compensating  its
President;

         NOW, THEREFORE,  in consideration of the promises, the mutual covenants
and obligations herein contained, and for other good and valuable consideration,
the receipt,  adequacy,  and sufficiency of which are hereby  acknowledged,  the
parties hereto do hereby covenant and agree as follows:

1.       EMPLOYMENT

         1.1 Position. The Company hereby confirms Executive's employment as its
President.  Executive shall report directly to the Company's  Chairman and shall
perform the duties described in Section 1.2 hereof,  subject to such limitations
of authority as may be established  from time to time by the Company's  Board of
Directors and applicable  law. The Executive will also be appointed to the Board
of Directors of the Company.

         1.2  Duties.   Executive's   duties  will   include  all  those  duties
customarily  associated  with the position of  President  in an emerging  growth
company,  subject  to  a  reasonable  agreement  with  the  Company's  Chairman.
Executive agrees to devote  substantially his entire business time and attention
to the performance of his duties  hereunder and to serve the Company  diligently
and to the best of his abilities. Notwithstanding the foregoing, Executive shall
have the continuing right:

                  (a) to  make  passive  investments  in the  securities  of any
publicly-owned corporation;

                  (b) to make any other  passive  investments  with  respect  to
which he is not  obligated  or  required  to,  and does not in fact,  devote any
substantial managerial efforts that interfere with the fulfillment of his duties
to the Company; and

                  (c) subject to the prior  written  approval  of the  Company's
Board of  Directors  (the  "Board of  Directors"),  to serve as a director of or
consultant to other companies and entities Executive represents that he is under
no actual or alleged restriction, limitation, or other prohibition (whether as a
result of prior  employment  or  otherwise)  to perform his duties as  described
herein.

<PAGE>

2. COMPENSATION AND BENEFITS

         2.1 Base Annual  Salary.  The Company shall pay Executive a base annual
salary  of  $1.00  (the  "Base  Annual  Salary"),  subject  to all  payroll  and
withholding deductions required by applicable law.

         2.2  Warrants.  On or  before  July 31,  2003,  the Trust  shall  issue
Executive fully vested warrants to purchase up to 1 million shares of the common
stock par value $0.001 of the Company (the "Common Stock")  substantially on the
terms of the warrant attached hereto as Exhibit A (the  "Warrants"),  which such
terms include among other things,  an exercise price of $0.50 with an expiration
date of three  years from the date of  issuance  and a  provision  for  cashless
exercise. The shares of Common Stock underlying the Warrants shall be registered
on Form SB-2 (or other  appropriate  form if Form SB-2 should be unavailable) as
soon as practicable, but in no case later than December 31, 2003.

         2.3 Bonus  Payment.  On July 31, 2004,  unless this  Agreement has been
terminated at an earlier date in accordance  with Section 3 hereof,  the Company
shall pay the  Executive  $50,000  in cash as a cash  bonus and the Trust  shall
issue 50,000 shares of Common Stock to Executive (the "Bonus Payment");

         2.4 Expense Reimbursement. The Company will reimburse Executive for all
personal and business expenses,  including Company's standard car allowance, and
reimbursement for  telecommunication  and other expenses  associated with remote
area employment; and

         2.5 Executive  shall be entitled to other  benefits and  perquisites no
less favorable than those provided to the Company's employees generally, as such
benefits  and  perquisites  may be modified  from time to time in the  Company's
discretion.  Such benefits shall in all events  include,  but not be limited to,
health  insurance,  life insurance,  director and officer insurance and a 401(k)
plan and two (2) weeks of vacation  annually.  Such perquisites shall be further
defined in Company's employee manual.

3. TERMINATION AND SEVERANCE PAY

         3.1 At Will.  Executive  and the  Company  acknowledge  and agree  that
Executive's  employment  with the  Company is "at will"  during the term of this
Agreement. Accordingly, either party may terminate Executive's employment by the
Company,  with or without cause, in which case Executive shall have no claim for
lost wages,  although termination of Executive's  employment shall be subject to
the terms and conditions of this Agreement regarding severance pay, benefits and
other obligations. Executive and the Company are not party to any oral agreement
relating to the Executive's employment by the Company.

         3.2  Resignation  without  Good Reason.  In the event that  Executive's
employment with the Company  terminates as a result of his  resignation  without
Good Reason, Executive shall be entitled to no severance pay or benefits.

<PAGE>

3.3      Resignation with Good Reason.

                  (a) Severance  Pay. In the event that  Executive's  employment
with the Company terminates as a result of his resignation with Good Reason, (as
defined in Section 3.3 (c) hereof), Executive shall be entitled to severance pay
in the amount of $50,000 to be paid within 30 days of termination.

                  (b)  Additional  Benefits.   In  the  event  that  Executive's
employment with the Company  terminates as a result of his resignation with Good
Reason,  Executive shall be entitled to continue to participate in the Company's
employee benefits program in accordance with the Company's  employment  policies
then in effect including customary  co-payment  obligation for health insurance.
Such benefits  shall continue for the benefit of Executive for the entire period
of his severance pay  continuation  as provided in section 3.3 (a) above, in the
same manner and at the same level as in effect  immediately prior to Executive's
resignation. In addition, upon any resignation by Executive for Good Reason, any
and all  bonuses  that  would be  payable  to  Executive  at the end of a period
pursuant to section 2.3 but for his earlier  resignation shall be payable to him
immediately and pro rata (in accordance with the percentage of completion of the
period  in  question  and  with  reference  to  the  best  available   financial
information proximate to the time of resignation).

                  (c) Good  Reason.  For  purposes of this  Agreement,  the term
"Good Reason" shall mean that Executive  resigns his employment with the Company
for one or more of the following reasons:

                           (i) a material  reduction  in  Executive's  position,
                           compensation, authority or responsibilities;

                           (ii) any  obstruction  by the Company or the Board of
                           Directors  of the Company in the  performance  of the
                           Executive's duties by the Executive;

                           (iii)  any  material  breach  by the  Company  of its
                           obligations under this Agreement.

3.4 Involuntary Termination.

                  (a)  Severance  Pay.  In the  event  that  Company  terminates
Executive's  employment  For Just Cause (as defined in Section 3.4 (c)  hereof),
Executive  shall  not  be  entitled  to  severance  pay or  benefits.  Excepting
termination  by the  Company  For  Just  Case,  in the  event  that  Executive's
employment  with the  Company is  terminated,  Executive  shall be  entitled  to
severance  pay in the  amount  of  $50,000  to be  paid  within  30  days of the
termination.

                  (b) Additional Benefits.  In the event that Company terminates
Executive's employment other than For Just Cause, Executive shall be entitled to
continue to participate in the Company's employee benefit programs as and to the
extent  theretofore  made  available to him pursuant to Section 2.3 above.  Such
benefits shall be continued in accordance with the

<PAGE>

Company's  employment  policies then in effect  including  customary  co-payment
obligation for health insurance. Such benefits shall continue for the benefit of
Executive for the entire period of his severance pay continuation as provided in
section  3.4 (a)  above,  in the same  manner and at the same level as in effect
immediately prior to Executive's termination.  In addition, upon any termination
of Executive by the Company other than For Just Cause,  any and all cash bonuses
that  would be payable  to  Executive  at the end of a period but for is earlier
termination shall be payable to him immediately and pro rata (in accordance with
the percentage of completion of the period in question and with reference to the
best available financial information proximate to the time of termination).

              (c) For Just Cause. For purposes of this Agreement,  the term "For
Just Cause" shall mean any  termination  of  employment  of Executive for one or
more of the following reasons:

                  (i) the  conviction  of such person for a felony  involving an
                  act of moral turpitude,  which conviction has become final and
                  non-appealable;

                  (ii)  recklessness  in the performance of such person's duties
                  to the Company causing material harm to the Company; or

                  (iii) material  dishonesty,  material breach of fiduciary duty
                  or  material  breach  by  Executive  of  any   representation,
                  covenant or other agreement contained in this Agreement.

         3.5 Death.  In the event of Executive's  death,  this  Agreement  shall
automatically  terminate and shall be of no further  force or effect;  provided,
however,  the Company shall be obligated to make all the payments and to provide
all the benefits due to Executive hereunder to the time of his death.

         3.6  Disability.  In the event of  Executive's  Disability  (as defined
below)  during the term of this  Agreement  for any period of at least three (3)
consecutive  months,  the  Company  shall  have the  right,  exercisable  in its
discretion,  to  terminate  this  Agreement.  In the event that the Company does
elect to terminate this Agreement, Executive shall receive the Severance Pay set
forth in  Section  3.3(a)  above,  and shall be  entitled  to normal  disability
benefits  in  accordance  with such  policies  of the  Company as may then be in
effect. For purposes of this Agreement, "Disability" shall mean the inability of
Executive  to perform the  essential  functions of his  employment  hereunder by
reason of physical or mental  illness or incapacity as determined by a physician
chosen by the Company and  reasonably  satisfactorily  to Executive or his legal
representative.

<PAGE>

4. TERM

         This Agreement  shall become  effective as of the date hereof and shall
terminate  on the date that is one (1) year after the date hereof (the  "Term"),
unless  earlier  terminated  pursuant to Article 3 hereof.  On expiration of the
Term the Executive  will be paid his Bonus  Payment in  accordance  with Section
2.3. The obligation to provide  Directors and Officers  insurance  shall survive
termination of this Agreement in all circumstances.

5.    NON-SOLICITATION,     NON-DISCLOSURE,     RESTRICTIVE    COVENANTS,    AND
NON-DISPARAGEMENT

         5.1   Non-Disclosure.   Except  as  is  reasonably   necessary  in  the
performance of his duties hereunder,  Executive shall not disclose to any person
or  entity,  or use for his own direct or  indirect  benefit,  any  Confidential
Information  (as defined  below)  pertaining  to the Company  obtained by him in
connection with his employment with the Company. For purposes of this Agreement,
the term "Confidential  Information"  shall include  information with respect to
the Company's products, services, processes,  suppliers,  customers,  customers'
account  executives,   suppliers  and  distribution  information,  price  lists,
identity and list of actual and potential  customers,  trade secrets,  technical
information,  business plans, and strategies and financial records or condition;
provided,  however,  that such information  shall not be treated as Confidential
Information  to the extent that it (a) is already  known to  Executive,  without
restriction,  prior to disclosure by the Company,  (b) is publicly  available at
the time of disclosure through no fault of the Executive or (c) becomes publicly
available  after  disclosure  (other than by Executive  through a breach of this
Section 5.1).

         5.2 The  Company  agrees  that is shall not  disclose  to any person or
entity any information that the Executive marks as confidential,  or informs the
Company is  confidential  on transferring  that  information to the Company,  or
disclose any personal information about the Executive without the consent of the
Executive to such disclosure.

         5.3  Restrictive  Covenants.  Executive  agrees that during the term of
this Agreement and for a period of one month after the  termination or expiry of
this  Agreement,  provided  the Company is not in default of any  obligation  to
Executive under this Agreement or otherwise, he shall not:

              (a)directly or indirectly,  alone or as a partner, joint venturer,
officer,  director,  employee,  consultant,  agent,  independent  contractor  or
stockholder of any company or business,  engage in any business  activity in the
States  of  California,   Utah,  Massachusetts  or  New  Hampshire  ("Restricted
Territory"),  and  which is  directly  or  indirectly  in  competition  with the
business  conducted  by  the  Company  as of the  date  of  the  termination  of
Executive's employment; provided however, that, the beneficial ownership of less
than 5% of the  shares  of stock  of any  corporation  having a class of  equity
securities actively traded on a national securities exchange or over-the-counter
market shall not be deemed,  in and of itself,  to violate the  prohibitions  of
this Section.

              (b) directly or indirectly:

<PAGE>

                  (i)induce any customer to patronize  any business  directly or
         indirectly in competition with the business conducted by Company;

                  (ii)  canvass,  solicit  or accept  from any  entity  any such
         competitive business; or

                  (iii) request or advise any customer to withdraw,  curtail, or
         cancel any such customer's business with Company;

              (c) employ any  person  who was  employed  by Company at or within
twelve (12) months prior to the termination of Executive's  employment or in any
manner  seek to induce any such person to leave his or her  employment  with the
company; or

              (d) directly or indirectly,  in any way utilize,  disclose,  copy,
reproduce,  or retain in his possession's any of Company's proprietary rights or
records, including, but not limited to, any of its customer lists.

              (e) If Executive is  terminated  for any reason other than 3.4 (c)
(iii) above,  to the extent Company  enforces  these rights on Executive,  while
these  restrictions  are  enforced by  Company,  Company  shall  continue to pay
Executive the equivalent of his base monthly salary.

              Executive agrees and acknowledges that the restrictions  contained
in this Section  5.3are  reasonable  in scope and duration and are  necessary to
protect  Company after the  termination  of Executive's  employment.  If a court
adjudges  any  provision  of this  Section  as  applied  to any  party or to any
circumstance  to be  invalid  or  unenforceable,  same will in no way affect any
other  circumstance or the validity or  enforceability of any other provision of
this  Agreement.  If any such  provision,  or any part,  thereof,  is held to be
unenforceable  because of the  duration of such  provision  or the area  covered
thereby,  the parties agree that the court making such determination  shall have
the power to reduce the duration and/or area of such provision, and/or to delete
specific words or phrases, and in its reduced form, such provision shall then be
enforceable and shall be enforced.  The parties agree and  acknowledge  that the
breach of this Section will cause irreparable  damage to Company and upon breach
of any  provision  of this  Section,  Company  shall be entitled  to  injunctive
relief, specific performance or other equitable relief; provided,  however, that
this shall in no way limit any other remedies which Company may have  including,
without limitation, the right to seek monetary damages.

         5.4 Defamatory  Statement.  Each party agrees from the date hereof that
they shall not make any written or oral statements that are slanderous, libelous
or  defamatory  concerning  the  other  party  or any of his or its  affiliates,
including  without  limitation,  any  or all of  the  Company's  or  affiliate's
executive officers and directors.

6. MISCELLANEOUS

         6.1 No Waiver.  The waiver by either party of a breach of any provision
of this  Agreement  shall  not  operate  as or be  construed  as a waiver of any
subsequent breach thereof.

<PAGE>

         6.2 Notices.  Any and all notices referred to herein shall be furnished
in writing and shall be  delivered  by hand or sent by  registered  or certified
mail, postage prepaid, to the respective parties at the following  addresses) or
at such other  address as either  party may from time to time  designate  to the
other by like notice):

     To the Company:     Chairman
                         Ventures-National Incorporated
                         44358 Old Warm Springs Boulevard
                         Fremont, California 94538-6148

     To Executive:       Andrew Glashow
                         1224 West 61st Street
                         Kansas City, MO 64113

         6.3 Assignment. This Agreement may not be assigned by Executive and may
not be  assigned  by the  Company  otherwise  than by  operation  of  law.  This
Agreement shall be binding upon the Company's successors and assigns.

         6.4  Entire  Agreement.  This  Agreement  supersedes  any and all prior
written or oral agreements  between  Executive and the Company and evidences the
entire  understanding  of the  parties  hereto  with  respect  to the  terms and
conditions of Executive's employment with the Company.

         6.5 Governing Law. This Agreement  shall be enforced in accordance with
the  laws of the  State  of New  York  and  shall  be  construed  in  accordance
therewith.  The parties hereto agree that all actions or proceedings  arising in
connection with this Agreement  shall be tried and litigated  exclusively in the
State and Federal courts  located in the County of New York,  State of New York.
The  aforementioned  choice of venue is intended by the parties to be  mandatory
and not permissive in nature thereby precluding in the possibility of litigation
between the parties  with  respect to or arising  out of this  Agreement  in any
jurisdiction  other than that  specified  in this  paragraph.  Each party hereby
waives any right it may have to assert the doctrine of forum non  conveniens  or
similar doctrine or to object to venue with respect to any proceeding brought in
accordance with this paragraph, and stipulates that the State and Federal courts
located  in the County of New York,  State of New York  shall  have in  personam
jurisdiction  and venue  over each of them for the  purpose  of  litigating  any
dispute, controversy, or proceeding arising out of or related to this Agreement.
Each party  hereby  authorizes  and accepts  service of process  sufficient  for
personal mail, return receipt requested, postage prepaid, to its address for the
giving of notices as set forth in this  Agreement.  Any final judgment  rendered
against  a party in any  action  of  proceeding  shall be  conclusive  as to the
subject of such final judgment and may be enforced in other jurisdictions in any
manner provided by law.

<PAGE>

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

Ventures-National Incorporated

By:  /s/ Joel Gold
     ---------------------------------------
Joel Gold, Director and Authorized Signatory

/s/ Andrew Glashow
------------------------------------------
Andrew Glashow

Irrevocable Children's Trust

By: /s/ David M. Marks
------------------------------------------
    David M. Marks, Trustee

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