Document:

Exhibit 10.29

 

COMPENSATION AND INDEMNIFICATION AGREEMENT

 

This COMPENSATION AND INDEMNIFICATION AGREEMENT is made as of the 18th
day of April, 2006 (this “Agreement”) by and among Bruker BioSciences
Corporation, a Delaware corporation (the “Corporation”), and each of William A.
Linton, M. Christopher Canavan, Jr., Taylor J. Crouch and Daniel S. Dross (each,
a “Director” and collectively, the “Directors”).

 

WHEREAS, the Corporation’s Board of Directors (the “Board of Directors”),
at a meeting held on January 31, 2006, appointed the Directors as members of a
Special Committee of the Board of Directors of the Corporation (the “Special
Committee”) to consider, evaluate, investigate, negotiate the terms and
conditions of, recommend to the entire Board of Directors if it considers it in
the best interests of the stockholders of the Corporation unaffiliated with the
Laukien family to do so, and reject it if it considers it in the best interests
of the stockholders to do so, a possible acquisition by the Corporation of Bruker
Optics Inc., a Delaware corporation (the “Transaction”), and to make such
reports to the entire Board of Directors at such times and in such manner as
the Special Committee considers appropriate with respect to such possible
transaction;

 

WHEREAS, in order to induce the Directors to serve on the Special
Committee and to accept the additional duties, responsibilities and burdens of
such service, the Corporation wishes to provide them with the compensation and
indemnification arrangements set forth herein; and

 

WHEREAS, the Directors are willing to serve and continue to serve on
the Special Committee on the terms set forth herein.

 

NOW, THEREFORE, in consideration of the foregoing, the parties hereto
do hereby agree as follows:

 

Section 1.    Service on the Special
Committee.  Each Director hereby
agrees to serve as a member of the Special Committee on the terms provided for
herein so long as such appointment by the Board shall remain in effect.  Each Director may, however, resign from such
position at any time and for any reason. 
The Corporation’s obligation to indemnify each such Director as set
forth in this Agreement shall continue in full force and effect notwithstanding
any such termination of appointment or resignation.

 

Section 2.    Compensation and Expense
Reimbursement.  In return for his
services as a member of the Special Committee, each Director shall be entitled to
receive from the Corporation compensation in the amount of $60,000 ($70,000 in
the case of Mr. Linton, Chairman of the Special Committee).  In addition, each Director shall be
reimbursed by the Corporation for his reasonable out-of-pocket travel and other
expenses incurred in connection with his service on the Special Committee.

 

 

Section 3.    General Indemnification.

 

(a)   Article 10 of the Corporation’s
By-Laws currently provides members of the Board of Directors with the
following general right to indemnification:

 

The Corporation shall indemnify any person who was or is a party or is
threatened to be made a party to any threatened, pending or completed action,
suit or proceeding, whether civil, criminal, administrative or investigative
(other than an action by or in the right of the Corporation) by reason of the
fact that he is or was a Director, officer, employee or agent of the Corporation,
or is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or
other enterprise, against expenses (including attorney’s fees), judgments,
fines and amounts paid in settlement actually and reasonably incurred by him in
connection with such action, suit or proceeding if he acted in good faith and
in a manner he reasonably believed to be in or not opposed to the best
interests of the Corporation, and, with respect to any criminal action or
proceeding, had no reasonable cause to believe his conduct was unlawful.  The termination of any action, suit or
proceeding by judgment, order, settlement, conviction, or upon plea of nolo
contendere or its equivalent, shall not, of itself, create a presumption that
the person did not act in good faith and in a manner which he reasonably
believed to be in or not opposed to the best interests of the Corporation, and,
with respect to any criminal action or proceeding, had reasonable cause to
believe that his conduct was unlawful.

 

(b)   The Corporation hereby confirms
that the rights conferred upon the members of its Board of Directors pursuant
to Article 10 of its By-Laws are fully applicable to the Directors in their
capacity as members of the Special Committee. 
Any subsequent amendment to such By-Laws which is intended to diminish,
or has the effect of diminishing, the rights of directors to indemnification
shall not be applicable to the Directors for their service on the Special
Committee, whether such service was rendered before or after the adoption of
such amendment.

 

(c)   The Corporation hereby agrees
to indemnify and hold harmless (including, without limitation, by advancement
of expenses) each Director with respect to his service on, and any matter or
transaction considered by, the Special Committee to the fullest extent
authorized or permitted by law.

 

(d)   In addition to (but not in
duplication of) the general right to indemnification set forth in Article 10 of
its By-Laws and this Section 3, and any other rights to indemnification
to which the Directors are entitled under applicable law or otherwise, the
Corporation hereby agrees to provide each Director with respect to his service
on, and any matter or transaction considered by, the Special Committee the
specific rights to indemnification set forth in Section 4 through Section 11
of this Agreement.

 

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Section 4.    Indemnification for a
Proceeding, etc.

 

(a)   Proceedings Other Than
Proceedings by or in the Right of the Corporation.  Each Director shall be entitled to the rights
of indemnification provided in this Section 4(a) if, by reason of his status as a person who is or was a member of the
Special Committee or was otherwise a director of the Company (“Corporate
Status”), he is, or is threatened to be made, a party to or participant in any
Proceeding (as hereinafter defined) other than a Proceeding by or in the right
of the Corporation.  Pursuant to this
Section 4(a), each Director shall be indemnified against all expenses,
judgments, penalties, fines and amounts paid in settlement actually and
reasonably incurred by him or on his behalf in connection with such Proceeding
or any claim, issue or matter therein, if he acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best interests of
the Corporation and, with respect to any criminal Proceeding, had no reasonable
cause to believe his conduct was unlawful. 
For purposes of this Agreement, “fines” shall include, without
limitation, excise taxes assessed against the Director with respect to an
employee benefit plan.

 

(b)   Proceedings by or in the
Right of the Corporation.  Each
Director shall be entitled to the rights of indemnification provided in this
Section 4(b) if, by reason of his Corporate Status, he is, or is threatened to
be made, a party to or participant in any Proceeding brought by or in the right
of the Corporation to procure a judgment in its favor.  Pursuant to this Section 4(b), each Director
shall be indemnified against all expenses actually and reasonably incurred by
him or on his behalf in connection with such Proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the
best interests of the Corporation; provided, however, that, if
applicable law so provides, no indemnification against such expenses shall be
made in respect of any claim, issue or matter in such Proceeding as to which
such Director shall have been finally adjudged to be liable to the Corporation
unless and to the extent that the Court of Chancery of the State of Delaware
shall determine that such indemnification may be made.

 

(c)   Indemnification for Expenses
of a Party Who is Wholly or Partly Successful.  Notwithstanding any other provision of this
Agreement, to the extent that a Director is, by reason of his Corporate Status,
a party to and is successful, on the merits or otherwise, in any Proceeding, he
shall be indemnified to the maximum extent permitted by law against all
expenses actually and reasonably incurred by him or on his behalf in connection
therewith.  If a Director is not wholly
successful in such Proceeding, but is successful, on the merits or otherwise,
as to one or more, but less than all claims, issues or matters in such
Proceeding, the Corporation shall indemnify such Director against all expenses
actually and reasonably incurred by him or on his behalf in connection with
each successfully resolved claim, issue or matter.  For purposes of this Section and without
limitation, the termination of any claim, issue or matter in such a Proceeding
by dismissal, with or without prejudice, shall be deemed to be a successful
result as to such claim, issue or matter.

 

(d)   Additional Indemnity. In
addition to, and without regard to any limitations on, the indemnification
provided for in Section 4(a)-(c), the Corporation shall

 

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and hereby does
indemnify and hold harmless each Director against all expenses, judgments,
penalties, fines and amounts paid in settlement actually and reasonably
incurred by him or on his behalf if, by reason of his Corporate Status he is,
or is threatened to be made, a party to or participant in any Proceeding
(including, without limitation, a Proceeding by or in the right of the
Corporation).  The only limitation that
shall exist upon the Corporation’s obligations pursuant to this Agreement shall
be that the Corporation shall not be obligated to make any payment to a
Director that is finally determined (under the procedures, and subject to the
presumptions, set forth in Sections 6, 7 and 8 hereof) to be unlawful under
Delaware law.

 

(e)   Contribution in the Event of
Joint Liability.

 

(i)            Whether or not the
indemnification provided in Section 4(a)-(d) hereof is available, in respect of
any threatened, pending or completed action, suit or proceeding in which
Corporation is jointly liable with any Director (or would be if joined in such
action, suit or proceeding), Corporation shall pay, in the first instance, the
entire amount of any judgment or settlement of such action, suit or proceeding
without requiring such Director to contribute to such payment and the
Corporation hereby waives and relinquishes any right of contribution it may
have against such Director.  The
Corporation shall not enter into any settlement of any action, suit or
proceeding in which the Corporation is jointly liable with a Director (or would
be if joined in such action, suit or proceeding) unless such settlement
provides for a full and final release of all claims asserted against such
Director.

 

(ii)           Without diminishing or
impairing the obligations of the Corporation set forth in the preceding
subparagraph, if, for any reason, a Director shall elect or be required to pay
all or any portion of any judgment or settlement in any threatened, pending or
completed action, suit or proceeding in which Corporation is jointly liable
with such Director (or would be if joined in such action, suit or proceeding),
the Corporation shall contribute to the amount of expenses, judgments, fines
and amounts paid in settlement actually and reasonably incurred and paid or
payable by such Director in proportion to the relative benefits received by the
Corporation and all officers, directors or employees of the Corporation other
than such Director who are jointly liable with him (or would be if joined in
such action, suit or proceeding), on the one hand, and the Director, on the
other hand, from the transaction from which such action, suit or proceeding
arose; provided, however, that the proportion determined on the basis of
relative benefit may, to the extent necessary to conform to law, be further
adjusted by reference to the relative fault of the Corporation and all
officers, directors or employees of the Corporation other than such Director
who are jointly liable with the Director (or would be if joined in such action,
suit or proceeding), on the one hand, and the Director, on the other hand, in
connection with the events that resulted in such expenses, judgments, fines or
settlement amounts, as well as any other equitable considerations which the law
may require to be considered.  The
relative fault of the Corporation and all officers, directors or employees of
the Corporation other than the Director who are jointly liable with him (or
would be if joined in such action, suit or proceeding), on the one hand, and
the Director, on the other hand, shall be determined by reference to, among
other things, the degree to which their actions were motivated by intent to
gain personal profit

 

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or advantage, the
degree to which their liability is primary or secondary, and the degree to
which their conduct is active or passive.

 

(iii)          The Corporation hereby
agrees to fully indemnify and hold each Director harmless from any claims of
contribution which may be brought by officers, directors or employees of the
Corporation who may be jointly liable with such Director.

 

Section 5.    Advancement of Expenses and
Costs.  If a Director is made or
threatened to be made a party to a Proceeding, the Director is entitled, upon
written request to the Corporation, to payment or reimbursement by the
Corporation, within ten (10) days of receipt of the request, of all reasonable
expenses, including, without limitation, attorneys’ fees and disbursements,
incurred by the Director, whether prior to or after the final disposition of
the Proceeding. Such request shall
reasonably evidence the expenses incurred by the Director and shall include or
be preceded or accompanied by an undertaking by or on behalf of such Director
to repay any expenses advanced if it shall ultimately be determined that such
Director is not entitled to such expenses. 
Any advances and undertakings to repay pursuant to this Section 5 shall
be unsecured and interest free and shall be accepted without reference
to financial ability to make the repayment. 
A Director’s entitlement to such expenses shall include those incurred
in connection with any Proceeding by such Director seeking an adjudication
pursuant to this Agreement.

 

Section 6.    Determination of
Entitlement to Indemnification or Advances. 
It is the intent of this Agreement to secure for each Director rights of
indemnity that are as favorable as may be permitted under the law and public
policy of the State of Delaware. 
Accordingly, the parties agree that the following procedures and
presumptions shall apply in the event of any question as to whether a Director
is entitled to indemnification under this Agreement:

 

(a)   To obtain indemnification
(including, without limitation, the advancement of expenses and contribution by
the Corporation) under this Agreement, a Director shall submit to the
Corporation a written request, including therein or therewith such documentation
and information as is reasonably available to such Director and is reasonably
necessary to determine whether and to what extent a Director is entitled to
indemnification.  The Secretary of the
Corporation shall, promptly upon receipt of such a request for indemnification,
advise the Board of Directors in writing that such Director has requested
indemnification.

 

(b)   Upon written request by a
Director for indemnification pursuant to the first sentence of Section 6(a)
hereof, a determination, if required by applicable law, with respect to a
Director’s entitlement thereto shall be made in the specific case by one of the
following three methods, which shall be at the election of such Director:  (i) by a majority vote of the Disinterested
Directors, even though less than a quorum, or (ii) by Independent Legal Counsel
in a written opinion or (iii) by the stockholders.

 

(c)   If the determination of
entitlement to indemnification is to be made by Independent Legal Counsel
pursuant to Section 6(b) hereof, the Independent Legal

 

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Counsel shall be
selected as provided in this Section 6(c). 
The Corporation and its Board of Directors agree that, in the event of
an election to use an Independent Legal Counsel under Section 6(b), that such
election shall, by virtue of, among other things, their approval of this
Agreement, be deemed at the direction of the directors of the Corporation.  The Independent Legal Counsel shall be
selected by the Director (unless such Director shall request that such
selection be made by the Board of Directors). 
Such Director or the Corporation, as the case may be, may, within ten
(10) days after such written notice of selection shall have been given, deliver
to the Corporation or to the Director, as the case may be, a written objection
to such selection; provided, however, that such objection may be
asserted only on the ground that the Independent Legal Counsel so selected does
not meet the requirements of “Independent Legal Counsel” as defined in Section
16(b) of this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. 
Absent a proper and timely objection, the person so selected shall act
as Independent Legal Counsel.  If a
written objection is made and substantiated, the Independent Legal Counsel
selected may not serve as Independent Legal Counsel unless and until such
objection is withdrawn or a court has determined that such objection is without
merit.  If, within thirty (30) days after
submission by a Director of a written request for indemnification pursuant to
Section 6(a) hereof, no Independent Legal Counsel shall have been selected and
not objected to, either the Corporation or the Director may petition the Court
of Chancery of the State of Delaware or other court of competent jurisdiction
for resolution of any objection which shall have been made by the Corporation
or such Director to the other’s selection of Independent Legal Counsel and/or
for the appointment as Independent Legal Counsel of a person selected by the
court or by such other person as the court shall designate, and the person with
respect to whom all objections are so resolved or the person so appointed shall
act as Independent Legal Counsel under Section 6(b) hereof.  The Corporation shall pay any and all
reasonable fees and expenses of Independent Legal Counsel incurred by such
Independent Legal Counsel in connection with acting pursuant to Section 6(b)
hereof, and the Corporation shall pay all reasonable fees and expenses incident
to the procedures of this Section 6(c), regardless of the manner in which such
Independent Legal Counsel was selected or appointed.

 

(d)   The Corporation acknowledges
that a settlement or other disposition short of final judgment may be
successful if it permits a party to avoid expense, delay, distraction,
disruption and uncertainty.   In the
event that any action, claim or proceeding to which a Director is a party is
resolved in any manner other than by adverse judgment against such Director
(including, without limitation, settlement of such action, claim or proceeding
with or without payment of money or other consideration) it shall be presumed
(unless there is a preponderance of competent evidence to the contrary) that
such Director has been successful on the merits or otherwise in such action,
suit or proceeding.

 

(e)   Each Director shall reasonably
cooperate with the person, persons or entity making such determination with
respect to such Director’s entitlement to indemnification, including providing
to such person, persons or entity upon reasonable advance request any
documentation or information which is not privileged or otherwise protected
from disclosure and which is reasonably available to such Director and

 

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reasonably
necessary to such determination.  Any
Independent Legal Counsel, member of the Board of Directors, or stockholder of
the Corporation shall act reasonably and in good faith in making a
determination under the Agreement of a Director’s entitlement to
indemnification.  Any costs or expenses
(including, without limitation, attorneys’ fees and disbursements) incurred by
a Director in so cooperating with the person, persons or entity making such
determination shall be borne by the Corporation (irrespective of the
determination as to such Director’s entitlement to indemnification) and the
Corporation hereby indemnifies and agrees to hold each Director harmless
therefrom.

 

Section 7.    Presumptions and Effect of
Certain Proceedings. In making a determination with respect to entitlement
or indemnification hereunder, the persons or entity making such determination
shall presume (unless there is clear and convincing evidence to the contrary)
that a Director is entitled to indemnification under this Agreement if such
Director has submitted a request for indemnification in accordance with this
Agreement.  If the person(s) so empowered
to make such determination shall have failed to make the requested determination
within sixty (60) days after receipt by the Corporation of such request, the
requisite determination of entitlement to indemnification shall be deemed to
have been made and such Director shall be absolutely entitled to such
indemnification absent actual and material fraud.  A Director shall be deemed to have acted in
good faith if such Director’s action is based on the records or books of
account of the Corporation, including, without limitation, financial
statements, or on information supplied to such Director by the officers of the
Corporation in the course of their duties, or on the advice of legal counsel
for the Corporation or the Special Committee or on information or records given
or reports made to the Corporation or the Special Committee by an independent
certified public accountant, by a financial advisor or by an appraiser or other
expert selected with reasonable care by the Corporation or the Special
Committee.  In addition, the knowledge
and/or actions, or failure to act, of any director, officer, agent or employee
of the Corporation shall not be imputed to a Director for purposes of
determining the right to indemnification under this Agreement.  Whether or not the foregoing provisions of
this Section 7 are satisfied, it shall in any event be presumed (unless there
is clear and convincing evidence to the contrary) that each Director has at all
times acted in good faith and in a manner he reasonably believed to be in or
not opposed to the best interests of the Corporation.  Neither the failure of the Company (including
by its directors or Independent Legal Counsel) to have made a determination
prior to the commencement of any action pursuant to this Agreement that
indemnification is proper in the circumstances because a Director has met the
applicable standard of conduct, nor an actual determination by the Company
(including by its directors or Independent Legal Counsel) that such Director
has not met such applicable standard of conduct, shall be a defense to the
action or create a presumption that such Director has not met the applicable
standard of conduct.  The termination of
a Proceeding described in Section 4 hereof by judgment, order, settlement or
conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, (a) establish that the Director does not meet the
criteria for entitlement to indemnification set forth in Section 4 hereof or
(b) otherwise adversely affect the rights of such Director to
indemnification except as may be provided herein.  The knowledge and/or actions, or failure to
act, of any other director, officer, trustee, partner, managing member, fiduciary,
agent or employee of the

 

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Corporation shall
not be imputed to a Director for purposes of determining the right to
indemnification under this Agreement.

 

Section 8.    Remedies of Director in
Cases of Determination not to Indemnify or to Advance Expenses.  In the event that (a) a determination is made
that a Director is not entitled to indemnification hereunder, (b) advancement
of expenses is not timely made pursuant to Section 5 hereof, (c) no
determination of entitlement to indemnification shall have been made pursuant
to Section 6 hereof within ninety (90) days after receipt by the Corporation of
the request for indemnification, (d) payment of indemnification is not made
pursuant to this Agreement within ten (10) days after receipt by the
Corporation of a written request therefor or (e) payment of indemnification is
not made within ten (10) days following a determination of entitlement to indemnification
pursuant to Section 6 and Section 7 hereof, such Director shall be entitled to
a final adjudication in an appropriate court of the State of Delaware or any
other court of competent jurisdiction of his entitlement to such
indemnification or advance.  Such
judicial proceeding shall be made de novo and such Director shall
not be prejudiced by reason of a determination (if so made) that he is not
entitled to indemnification.  If a
determination is made or deemed to have been made pursuant to the terms of Section
6 or Section 7 hereof that a Director is entitled to indemnification, the
Corporation shall be bound by such determination and shall be precluded from
asserting that such determination has not been made or that the procedure by
which such determination was made is not valid, binding and enforceable.  The Corporation further agrees to stipulate
in any such court that the Corporation is bound by all the provisions of this
Agreement and is precluded from making any assertion to the contrary.  If the court shall determine that a Director
is entitled to any indemnification hereunder, the Corporation shall pay all
reasonable expenses (including attorneys’ fees) and costs actually incurred by
such Director in connection with such adjudication (including, without
limitation, any appellate proceedings).  
If a director commences a judicial proceeding or arbitration pursuant to
this Section 8, such Director shall not be required to reimburse the
Corporation for any advances pursuant to Section 5 hereof until a final
determination is made with respect to such Director’s entitlement to
indemnification (as to which all rights of appeal have been exhausted or
lapsed).  The Corporation shall indemnify
and hold harmless each Director to the fullest extent permitted by law against
all expenses and, if requested by such Director, shall (within ten (10) days
after the Corporation’s receipt of such written request) advance such expenses
to such Director, which are incurred by the Director in connection with any
judicial proceeding or arbitration brought by the Director (a) to enforce his
rights under, or to recover damages for breach of, this Agreement or any other
indemnification, advancement or contribution agreement or provision of the
Corporation’s Certificate of Incorporation or By-Laws now or hereafter in
effect or (b) for recovery or advances under any insurance policy maintained by
any person for the benefit of the Director, regardless of whether the Director
ultimately is determined to be entitled to such indemnification, advance,
contribution or insurance recovery, as the case may be.  Interest shall be paid by the Corporation to
a Director at the legal rate under Delaware law for amounts which the
Corporation indemnifies or is obliged to indemnify for the period commencing
with the date on which Indemnitee requests indemnification (or reimbursement or
advancement

 

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of any expenses)
and ending with the date on which such payment is made to the Director by the
Corporation.

 

Section 9.    Reimbursement for Expenses
of Witness.  To the extent that a
Director has served as a witness in any Proceeding at a time when such Director
has not been made a party to the Proceeding, the Corporation shall reimburse
such Director for all expenses actually and reasonably incurred by him or on
his behalf in connection therewith.

 

Section 10.  Other Rights of
Indemnification and Insurance.

 

(a)   The indemnification and
advancement of expenses (including, without limitation, attorneys’ fees) and
costs provided by this Agreement shall not be deemed exclusive of any other
rights to which any Director may now or in the future be entitled under any
agreement, provision of the By-Laws, or provision of the Articles of
Incorporation, vote of stockholders or Disinterested Directors of the
Corporation, provision of law or otherwise.

 

(b)   To the extent that the
Corporation maintains an insurance policy or policies providing liability
insurance for directors, officers, employees or agents or fiduciaries of the
Corporation or of any other corporation, partnership, joint venture, trust,
employee benefit plan or other enterprise which such person serves at the
request of the Corporation, including, without limitation, the Directors and
Officers Liability Insurance Policy, dated August 4, 2005, issued to the
Corporation by Genesis Insurance Company (the “Current D&O Policy”), each
Director shall be covered by such policy or policies in accordance with its or
their terms to the maximum extent of the coverage available for any such
director, officer, employee or agent under such policy or policies.  The Corporation hereby covenants and agrees
to maintain the Current D&O Policy on terms and subject to conditions at
least as favorable to the Directors as the terms and conditions that exist as
of the date of this Agreement.  In the
event that, notwithstanding the foregoing, the Current D&O Policy is no
longer in full force and effect or is otherwise unavailable, the Corporation
shall obtain and maintain a policy or policies of insurance providing liability
insurance for the Directors on terms and subject to conditions not materially
different from, and in no way less favorable to the Directors than, the Current
D&O Policy; provided that the Corporation shall not be required to
pay an aggregate premium for such insurance coverage in excess of 200% of the
amount of the premium for the Current D&O Policy on the date of this
Agreement, but shall, in such case, purchase as much coverage as possible for
such amount.

 

Section 11.  Attorneys’ Fees and Other
Expenses to Enforce Agreement.  In
the event that a Director is subject to or intervenes in any Proceeding in
which the validity or enforceability of this Agreement is at issue or seeks an
adjudication or award in arbitration to enforce his rights under, or to recover
damages for breach of, this Agreement, such Director, if he prevails in whole
or in part in such action, shall be entitled to recover from the Corporation
and shall be indemnified by the Corporation against, any actual expenses for
attorneys’ fees and disbursements reasonably incurred by him.

 

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Section 12.  Duration of Agreement.  This Agreement shall continue until and
terminate upon the later of:  (a) ten
(10) years after a Director has completed his service as a member of the
Special Committee or (b) the final termination of all pending or
threatened actions, suits, Proceedings or investigations with respect to the
Special Committee.  This Agreement shall
be binding upon the Corporation and its successors and assigns and shall inure
to the benefit of each Director and his spouse, assigns, heirs, devisees,
executors, administrators or other legal representatives.

 

Section 13.  Severability.  If any provision or provisions of this
Agreement shall be held to be invalid, illegal or rceable for any reason
whatsoever:  (a) the validity,
legality and enforceability of the remaining provisions of this Agreement
(including, without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal or
unenforceable, that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired thereby and (b) to the fullest
extent possible, the provisions of this Agreement (including, without
limitation, all portions of any paragraph of this Agreement containing any such
provision held to be invalid, illegal or unenforceable, that are not themselves
invalid, illegal or unenforceable) shall be construed so as to give effect to
the intent manifested by the provision held invalid, illegal or unenforceable.

 

Section 14.  Identical Counterparts.  This Agreement may be executed in one or more
counterparts, each of which shall for all purposes be deemed to be an original
but all of which together shall constitute one and the same agreement.  Only one such counterpart signed by the party
against whom enforceability is sought needs to be produced to evidence the
existence of this Agreement.

 

Section 15.  Headings.  The headings of the paragraphs of this
Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof.

 

Section 16.  Definitions.  For purposes of this Agreement:

 

(a)   “Disinterested Directors” shall
mean a director of the Corporation who is not a member of the Special Committee
and who is not at the time a party to the Proceeding in respect of which
indemnification is being sought by a Director.

 

(b)   “Independent Legal Counsel” means
a law firm or a member of a law firm that is experienced in matters of
corporation law and who has not represented the Corporation or related
organization, or a director, officer, member of a committee of the board or
employee, whose indemnification is in issue. 
Notwithstanding the foregoing, the term “Independent Legal Counsel”
shall not include any person who, under the applicable standards of
professional conduct then prevailing, would have a conflict of interest in
representing either the Corporation or any Director in an action to determine
such Director’s right to indemnification under this Agreement. The Corporation agrees to pay the reasonable fees
of the Independent Legal Counsel referred to above and to fully indemnify such
counsel against any and all expenses, claims, liabilities and damages arising
out of or relating to this Agreement or its engagement pursuant hereto.

 

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(c)   “Proceeding” means a
threatened, pending or completed civil, criminal, administrative, arbitration
or investigative proceeding, including, without limitation, a proceeding by or
in the right of the Corporation.

 

Section 17.  Modification and Waiver.  No supplement, modification or amendment of
this Agreement shall be binding unless executed in writing by all of the
parties hereto.  No waiver of any of the
provisions of this Agreement shall be deemed or shall constitute a waiver of
any other provisions hereof (whether or not similar) nor shall such waiver
constitute a continuing waiver.

 

Section 18.  Notice by Director.  Each Director agrees promptly to notify the
Corporation in writing upon being served with any summons, citation, subpoena,
complaint, indictment, information or other document relating to any matter
which may be subject to indemnification covered hereunder, either civil,
criminal or investigative.

 

Section 19.  Notices.  All notices, requests, demands and other
communications hereunder shall be in writing and shall be deemed to have been
duly given if (a) delivered by hand and receipted for by the party to whom said
notice or other communication shall have been directed or (b) mailed by
certified or registered mail with postage prepaid, on the third business day
after the date on which it is so mailed:

 

(a)   If to Mr. Linton, to:

 

c/o Bruker BioSciences
Corporation

40 Manning Road

Billerica,
Massachusetts 01821

 

 

with a copy to:

 

Frederick W.
Kanner, Esq.

Dewey Ballantine
LLP

1301 Avenue of the
Americas

New York, New York
10019

 

(b)   If to Mr. Canavan, to:

 

c/o Bruker BioSciences
Corporation

40 Manning Road

Billerica,
Massachusetts 01821

 

 

with a copy to:

 

Frederick W.
Kanner, Esq.

Dewey Ballantine
LLP

1301 Avenue of the
Americas

New York, New York
10019

 

11

 

(c)   If to Mr. Crouch, to:

 

c/o Bruker
BioSciences Corporation

40 Manning Road

Billerica,
Massachusetts 01821

 

with a copy to:

 

Frederick W.
Kanner, Esq.

Dewey Ballantine
LLP

1301 Avenue of the
Americas

New York, New York
10019

 

(d)   If to Mr. Dross, to:

 

c/o Bruker BioSciences
Corporation

40 Manning Road

Billerica,
Massachusetts 01821

 

with a copy to:

 

Frederick W.
Kanner, Esq.

Dewey Ballantine
LLP

1301 Avenue of the
Americas

New York, New York
10019

 

(e)   If to the Corporation, to:

 

Richard M. Stein,
Esq.

Nixon Peabody LLP

101 Federal Street

Boston,
Massachusetts 02110

 

or to such other address as may have been furnished to the Directors by
the Corporation or to the Corporation by a Director, as the case may be.

 

Section 20.  Governing Law.  The parties agree that this Agreement shall
be governed by, and construed and enforced in accordance with, the laws of the
State of Delaware.

 

12

 

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

 

 

	
   

  	
  BRUKER BIOSCIENCES
  CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ William J.
  Knight

  	
   

  
	
   

  	
   

  	
  Name: William J. Knight
  

  
	
   

  	
   

  	
  Title:  Chief Financial Officer

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ William A. Linton

  	
   

  	
   

  
	
  William A. Linton

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ M. Christopher
  Canavan

  	
   

  	
   

  
	
  M. Christopher Canavan

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Taylor J. Crouch

  	
   

  	
   

  
	
  Taylor J. Crouch

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  /s/ Daniel S. Dross

  	
   

  	
   

  
	
  Daniel S. Dross

  	
   

  

 

13EXHIBIT 10.3

                       MANAGEMENT AND EMPLOYMENT CONTRACT

     EMPLOYMENT CONTRACT, dated as of October 1, 2005, between ENDAVO MEDIA AND
COMMUNICATIONS, INC., a Delaware corporation (the "Company"), Paul D. Hamm an
individual, residing at 700 High Hampton Run, Alpharetta, GA 30022
("Executive").

     The Company desires to engage Executive to perform executive management
services for the Company, any present or future parent, subsidiary, or affiliate
of the Company, and (subject to Section 11) any successor or assign of any of
them (the "Corporations"), and Executive desires to perform such services, on
the terms and conditions hereinafter set forth.

1.   Term

     The Company agrees to employ Executive, and Executive agrees to serve, on
the terms and conditions of this Agreement for a period commencing on October 1,
2005 (the "Commencement Date") and ending 3 years from the commencement date, or
such shorter period as may be provided for herein. The period during which
Executive is employed hereunder is hereinafter referred to as the "Employment
Period."

2.   Duties and Services

     During the Employment Period, Executive shall be employed as President of
the Company and shall also perform duties and services in the capacity of Chief
Executive officer of the Company. Executive shall have such powers and duties in
the management of the Company as may be prescribed in one or multiple
resolutions by the Board of Directors and, to the extent not so provided, as
generally pertain to the office of Chief Executive Officer, subject to the
direction and oversight of the Board of Directors. Executive agrees to his
employment as described in this Section 2 and agrees to devote substantially all
of his business time and efforts to the performance of his duties under this
Agreement and to promote and advance the business interests of the Company in a
lawful, diligent and proper manner. Executive shall comply with the policies and
procedures of the Company adopted by the Board of Directors and executive
management from time to time. Executive shall not be required to change his
residence, but shall be available to travel as the needs of the business
require.

3.   Consulting Provision

     Without limiting all other rights under this agreement, including
compensation due and payable under the agreement, Executive may convert this
Employment Contract into a consulting contract, with the non-competition clause
in Section 7 no longer applicable, if

     (a) Executive is not elected a director or does not continue to serve as a
director while he desires to be a director,

     (b) Executive is not elected to and maintained in the executive position of
President as specified in the Employment Contract or is not allowed to perform
his duties as Chief Executive Officer as specified in the Employment Contract,

     (c) Executive has a policy dispute with the Board of Directors of the
Company, with officers of the Company senior to him, or with the Board of
Directors or any officer of any of the Conglomerates Corporations (as defined
below), or

     (d) the control of the Company or of any of the Conglomerates Corporations
changes.

<PAGE>

4.   Compensation

     (a) As full compensation for his services hereunder, the Company shall (i)
pay Executive, during the Employment Period, an annual base salary rate of
$75,000, payable in equal semi monthly installments or at such intervals (at
least monthly) as salaries are paid generally to other full-time employees of
the Company, (ii) issue a non-qualified employee stock option to the Executive,
in the form of option typically used by the Company and under a current and
effective Stock Option Plan established by the Company, to purchase up to
1,000,000 shares of common stock of the Company, free and clear of any
encumbrances, at the fair market value of the common stock at the date of issue
of the options (The options shall vest according to the following schedule: 34%
on the first anniversary of this agreement; 33% on the second anniversary of
this agreement and 33% on the third anniversary of this agreement), (iii)
provide Executive with health and life insurance policies, if requested, or
alternatively shall pay Executive a monthly health insurance reimbursement not
to exceed $500, without further agreement by the Company, based on submission of
proper insurance premium expense documentation and (iv) reimburse Executive for
Executive's legal expenses related to negotiating this Agreement and the
Non-Qualified Stock Option Agreement of an amount not to exceed $1,000. Nothing
contained herein shall preclude Executive from participating in the present or
future Executive benefit or bonus compensation plans of the Company if he meets
the eligibility requirements therefore. Executive shall be entitled to
reasonable vacations in accordance with the then regular procedures of the
Company.

     (b) Incentive Salary Rate. The Executive shall receive an increase in
annual base salary rate, as defined in section 4(a)(i) of this agreement, to
equal $120,000 ($10,000 per month) once the company has achieved net sales
(revenue) equal to or greater than the amount of $104,166.67 ($1,250,000
annualized) in any given month during the period of this agreement ("required
run rate"), as reported by the company's accounting Executive or controller and
reported to the executive officers of the company and the Board of Directors.
The new rate shall become effective on the month after the required run rate was
achieved and reported and shall continue for the duration of the contract.

5.   Expenses

     Executive shall be entitled to reimbursement for reasonable travel and
other out-of-pocket expenses necessarily incurred in the performance of his
duties hereunder, upon submission and approval of written statements and bills
in accordance with the then regular procedures of the Company.

6.   Participation in Benefit Plans.

     During the Employment Period, Executive shall be eligible to participate in
all Executive benefit plans and arrangements now in effect or which may
hereafter be established, including, without limitation, all life, group
insurance and medical care plans and all disability, 401k and other Executive
benefit plans of Employer.

Representations and Warranties of Executive
-------------------------------------------

     Executive represents and warrants to the Company that (a) Executive is
under no contractual or other restriction or obligation which is inconsistent
with the execution of this Agreement, the performance of his duties hereunder,
or the other rights of the Company hereunder and (b) Executive is under no
physical or mental disability that would preclude his performance, with or
without reasonable accommodation, of the essential duties of his position.

7.   Non-Competition

     A. Executive agrees that he will not (a) during the period he is employed
by any of the Corporations under this Agreement or otherwise engage in, or
otherwise directly or indirectly be employed by, or act as a consultant or
lender to, or be a director, officer, manager, owner, or partner of, any other
business or organization, whether or not such business or organization now is or
shall then be competing with the Company, and (b) for a period of one year after
he ceases to be employed by the Company under this Agreement or otherwise,
directly or indirectly compete with or be engaged in the same business as of the
Company, or be employed by, or act as consultant or lender to, or be a director,
officer, manager, owner, or partner of, any business or organization which, at
the time of such cessation, directly or indirectly competes with or is engaged
in the same business as the Company, except that in each case the provisions of
this Section 7 will not be deemed breached merely because Executive owns not
more than 1% of the outstanding common stock of a corporation, if, at the time
of its acquisition by Executive, such stock is listed on a national securities
exchange, is reported on NASDAQ, or is regularly traded in the over-the-counter
market by a member of a national securities exchange.

<PAGE>

     B. In the event that there is a dispute between Executive and Company
whereby (i) Executive is no longer an executive manager of the Company, (ii) a
Change of Control has occurred, or (iii) the Company has failed to honor is
obligations hereunder; Executive shall no longer be subject to the terms of this
Section 7 Non-Competition clause. Additionally, participation in the ownership
and/or supporting the management of AlphaWest Capital Partners, LLC, The Tracker
Corporation of America (a.k.a., Hat Trick Networks, Inc.) and/or SovCap
Investment Management Group, LLC, or any of their affiliates shall not be deemed
a breach of this section.

8.   Patents, Etc.

     Any interest in patents, patent applications, inventions, copyrights,
developments, and processes ("Such Inventions") which Executive now or hereafter
during the period he is employed by the Company under this Agreement or
otherwise may own or develop relating to the fields in which the Company may
then be engaged shall belong to the Company; and forthwith upon request of the
Company Executive shall execute all such assignments and other documents and
take all such other action as the Company may reasonably request in order to
vest in the Company all his right, title, and interest in and to Such Inventions
free and clear of all liens, charges, and encumbrances.

 9.  Confidential Information

     All confidential information which Executive may now possess, may obtain
during or after the Employment Period, or may create prior to the end of the
period he is employed by the Company under this Agreement or otherwise relating
to the business of the Company or of any customer or supplier of any of them
shall not be published, disclosed, or made accessible by him to any other
person, firm, or corporation either during or after the termination of his
employment or used by him except during the Employment Period in the business
and for the benefit of the Company, in each case without prior written
permission of the Company. Executive shall return all tangible evidence of such
confidential information to the Company prior to or at the termination of his
employment.

10.  Life Insurance

     If requested by the Company, Executive shall submit to such physical
examinations and otherwise take such actions and execute and deliver such
documents as may be reasonably necessary to enable the Company, at its expense
and for its own benefit, to obtain life insurance on the life of Executive.
Executive has no reason to believe that his life is not insurable with a
reputable insurance company at rates now prevailing for healthy men of his age.

11.  Termination

     The Executive's employment hereunder may be terminated under the following
circumstances:

     (a) Death. The Executive's employment hereunder shall terminate upon his
death.

     (b) Disability. If the Board determines in good faith, based on medical
evidence acceptable to it, that the Executive has become physically or mentally
disabled or incapacitated during his employment hereunder for a continuous
period of ninety (90) days to such an extent that he shall be unable to perform
his duties hereunder then the Company may, after the expiration of said ninety
(90) day period and during the continuance of such disability or incapacity,
give to the Executive a Notice of Termination (as defined in Section 11(e)
hereof) of the Executive's employment hereunder and such employment shall
terminate on the date provided in Section 11(f) hereof.

     (c) Termination by the Company. The Company may terminate the Executive's
employment hereunder at any time with or without Cause. For purposes of this
Agreement, the Company shall have "Cause" to terminate the Executive's
employment hereunder upon (A) the engaging by the Executive in willful
misconduct that is materially injurious to the Company, (B) the embezzlement or
misappropriation of funds or property of the Company by the Executive or the
conviction of the Executive of a felony or the entrance of a plea of guilty by
the Executive to a felony or (C) the failure or refusal by the Executive to
devote his full business time and attention to the performance of his duties and
responsibilities hereunder or other breach by the Executive of this Agreement in
any material respect if such breach has not been cured by the Executive within

<PAGE>

thirty (30) days after the Preliminary Notice (as defined below) has been given
to the Executive. For purposes of this paragraph, no act, or failure to act, on
the Executive's part shall be considered "willful" unless done, or omitted to be
done, by him not in good faith and without reasonable belief that his action or
omission was in the best interest of the Company. The Executive shall not be
deemed to have been terminated for Cause, unless the Company shall have given
the Executive (i) notice (the "Preliminary Notice") setting forth, in reasonable
detail the facts and circumstances claimed to provide a basis for termination
for Cause, (ii) a reasonable opportunity for the Executive, together with his
counsel, to be heard before the Board and (iii) a Notice of Termination stating
that, in the good faith judgment of the Board, the Executive was guilty of
conduct set forth in clauses (A), (B) or (C) above, and specifying the
particulars thereof in reasonable detail. Upon receipt of the Preliminary
Notice, the Executive shall have thirty (30) days in which to appear before the
Board with counsel, or take such other action as he may deem appropriate, and
such thirty (30) day period is hereby agreed to as a reasonable opportunity for
the Executive to be heard.

     (d) Termination by the Executive. The Executive may voluntarily terminate
his employment hereunder at any time with or without Good Reason. For purposes
of this Agreement, "Good Reason" shall mean, so long as the Executive has not
been guilty of the conduct set forth in clauses (A), (B) or (C) of Section 11(c)
hereof, (i) a failure by the Company to comply with any material provision of
this Agreement that has not been cured within thirty (30) days after written
notice of such noncompliance has been given by the Executive to the Company or
(ii) the assignment to the Executive by the Company of duties inconsistent with
the Executive's position, duties or responsibilities as in effect immediately
prior to the Effective Date, including, but not limited to, any material
reduction in such position, duties or responsibilities or material change in his
title. The Executive's election to terminate under this Section 11(d) shall be
made by giving Notice of Termination not later than 60 days from, as applicable,
the date that the Company fails to cure under (i) above, the assignment of
duties under (ii) above, and the date that the Executive is advised of the
termination under (iii) above. Notwithstanding the provisions of clause (ii) of
the first sentence of this Section 11(d), a change in title which represents a
promotion and the assignment of different or additional duties or
responsibilities in connection therewith shall not constitute "Good Reason."

     (e) Notice of Termination. Any termination of the Executive's employment by
the Company or by the Executive (other than termination pursuant to Section
11(a) hereof) shall be communicated by written Notice of Termination to the
other party hereto. For purposes of this Agreement, a "Notice of Termination"
shall mean a notice that shall indicate the specific termination provision in
this Agreement relied upon and shall set forth in reasonable detail the facts
and circumstances, if any, claimed to provide a basis for termination of the
Executive's employment under the provision so indicated.

     (f) Date of Termination. Except to the extent otherwise herein provided,
"Date of Termination" shall mean (i) if the Executive's employment is terminated
pursuant to Section 11(a), the date of his death, (ii) if the Executive's
employment is terminated pursuant to Section 11(b) or (c), the date of or a
later date specified in the Notice of Termination, (iii) if the Executive's
employment is terminated pursuant to Section 11(d), the date on which the Notice
of Termination is given and (iv) if this Agreement is continued in effect to the
end of the Term, the last day of the Term. Except as provided in and subject to
Section 12 hereof, the Company shall not have any obligation to Executive for
salary continuation, severance or termination pay upon termination of this
Agreement.

<PAGE>

12.  Compensation Upon Termination

     (a) If the Executive's employment is terminated (i) by the Company for
Cause, (ii) by the Executive other than for Good Reason, or (iii) by reason of
the Executive's death or disability (pursuant to Section 11(b) hereof), then the
Company shall pay the Executive his full Base Salary or Incentive Salary Rate
through the Date of Termination (to the extent not otherwise paid through the
Date of Termination) at the rate in effect immediately prior to the Date of
Termination, provided that if the Executive's employment hereunder terminates by
reason of his death, the Company shall continue to make salary payments at the
rate of the Base Salary then in effect in respect of the month of death and
three calendar months immediately following the month of death.

     (b) If the Executive's employment is terminated (i) by the Company without
Cause (other than for disability pursuant to Section 5(b) hereof), or (ii) by
the Executive for Good Reason, then the Company shall pay to the Executive as
severance pay in a lump sum, not later than the fifth day following the Date of
Termination, the following amounts, which shall not be discounted to take into
account present value:

     (i) to the extent not otherwise paid through the Date of Termination, the
amount of salary through the Date of Termination at the rate in effect at the
time Notice of Termination is given; and

     (ii) in lieu of any further salary and bonus or other incentive
compensation payments to the Executive for periods subsequent to the Date of
Termination, the total amount of salary then in effect that would be paid for
three calendar months.

13.  Merger, Etc.

     In the event of a future disposition of more than 51% of the properties or
business of the Company, by merger, consolidation, sale of assets, or otherwise
(a "Change of Control"), then the Company may elect:

     (a) to assign this Agreement and all of its rights and obligations
hereunder to the acquiring or surviving corporation; provided that such
corporation shall assume in writing all of the obligations of the Company
hereunder; and provided further that the Company (in the event and so long as it
remains in business as an independent going enterprise) shall remain liable for
the performance of its obligations hereunder in the event of an unjustified
failure of the acquiring corporation to perform its obligations under this
Agreement; or

     (b) convert this Employment Contract into a consulting contract, except
with the non-competition clause described in Section 7 herein no longer being
applicable.

     (c) If the agreement is not assigned by the acquiring or surviving
corporation or if a consulting contract is not agreed upon, then a Termination
Payment shall be made as defined in Section 12(b)(i) and 12(b)(ii) of this
agreement.

14.  Survival

     The covenants, agreements, representations, and warranties contained in or
made pursuant to this Agreement shall survive Executive's termination of
employment, irrespective of any investigation made by or on behalf of any party.

<PAGE>

15.  Modification

     This Agreement and the exhibits thereto sets forth the entire understanding
of the parties with respect to the subject matter hereof, supersedes all
existing agreements between them concerning such subject matter, and may be
modified only by a written instrument duly executed by each party.

16.  Notices

     Any notice or other communication required or permitted to be given
hereunder shall be in writing and shall be given by Federal Express, Express
Mail, or similar overnight delivery or courier service or delivered against
receipt to the party to whom it is to be given at the address of such party set
forth below (or to such other address as the party shall have furnished in
writing in accordance with the provisions of this Section 16. Notice to the
estate of Executive shall be sufficient if addressed to Executive as provided in
this Section 16. Any notice or other communication given by certified mail or
such comparable method shall be deemed given at the time of certification
thereofor comparable act, except for a notice changing a party's address which
shall be deemed given at the time of receipt thereof. Any notice given by other
means permitted by this Section 16 shall be deemed given at the time of receipt
thereof.

If to the Company, to:                    If to Executive, to:
Endavo Media and Communications, Inc.     Paul D Hamm
50 West Broadway, Suite 400               700 High Hampton Run
Salt Lake City, UT 84101                  Alpharetta, GA 30022
Facsimile No. (801)933-5640               Facsimile No. (678) 623-5026

with a copy to                            with a copy to

J Bennett Grocock                         Michael Schwamm
The Business Law Group                    Duane Morris
255 South Orange Ave,                     380 Lexington Ave
Suite 1201                                New York, NY 10168
Orlando, FL 32801                         Facsimile No. (212) 692-1020
Facsimile No. (407) 992-1124

17.  Waiver

     Any waiver by either party of a breach of any provision of this Agreement
shall not operate as or be construed to be a waiver of any other breach of such
provision or of any breach of any other provision of this Agreement. The failure
of a party to insist upon strict adherence to any term of this Agreement on one
or more occasions shall not be considered a waiver or deprive that party of the
right thereafter to insist upon strict adherence to that term or any other term
of this Agreement. Any waiver must be in writing.

18.  Binding Effect

     Executive's rights and obligations under this Agreement shall not be
transferable by assignment or otherwise, such rights shall not be subject to
commutation, encumbrance, or the claims of Executive's creditors, and any
attempt to do any of the foregoing shall be void. The provisions of this
Agreement shall be binding upon and inure to the benefit of Executive and his
heirs and personal representatives, and shall be binding upon and inure to the
benefit of the Company and its successors and those who are its assigns under
Section 13.

<PAGE>

19.  Separability

     If any provision of this Agreement is invalid, illegal, or unenforceable,
the balance of this Agreement shall remain in effect, and if any provision is
inapplicable to any person or circumstance, it shall nevertheless remain
applicable to all other persons and circumstances.

20.  No Third Party Beneficiaries

     This Agreement does not create, and shall not be construed as creating, any
rights enforceable by any person not a party to this Agreement (except as
provided in Section 19).

21.  Headings

     The headings in this Agreement are solely for the convenience of reference
and shall be given no effect in the construction or interpretation of this
Agreement.

22.  Counterparts; Governing Law

     This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument. It shall be governed by and construed in accordance with
the laws of the State of Delaware, without giving effect to conflict of laws.

23.  Arbitration

     Any dispute or controversy arising out of or relating to this Agreement or
any breach of this Agreement shall be settled by arbitration to be held in the
State of Delaware in accordance with the National Rules for the Resolution of
Employment Disputes rules then in effect of the American Arbitration Association
or any successor thereto. The arbitrator may grant injunctions or other relief
in such dispute or controversy. The decision of the arbitrator shall be final,
conclusive, and binding on the parties to the arbitration. Judgment may be
entered on the arbitrator's decision in any court having jurisdiction, and the
parties irrevocably consent to the jurisdiction of courts of the State of
Delaware and of any federal court located in such State for this purpose. The
losing party in such arbitration shall pay all the costs and expenses of such
arbitration and all the reasonable attorneys' fees and expenses of the other
party(ies) thereto. Notwithstanding the foregoing, either party may apply to any
court of the State of Delaware or any federal court located in such State for
injunctive relief to maintain the status quo until the arbitration award is
rendered or the controversy is otherwise resolved, and each party hereby
consents to the exclusive jurisdiction and venue of such courts for such
purpose; and either party may apply to any court of competent jurisdiction for
injunctive relief and specific performance under Section 7, 8 or 9.

24.  Attorneys' Fees.

     Attorneys' Fees. In the event any dispute or litigation arises hereunder
between any of the parties hereto, their heirs, personal representatives,
agents, successors or assigns, the prevailing party shall be entitled to all
reasonable costs and expenses incurred by it in connection therewith (including,
without limitation, all reasonable attorneys' and paralegals' fees and costs
incurred before and at any trial, arbitration, or other proceeding and at all
tribunal levels), as well as all other relief granted in any suit or other
proceeding.

25.  Jurisdiction and Service of Process

     Each party hereby irrevocably consents to the jurisdiction of the courts of
the State of Delaware and of any federal court located in such State in
connection with any action or proceeding arising out of or relating to this
Agreement or a breach of this Agreement. In any such action or proceeding, each
party waives personal service of any summons, complaint, or other process and
agrees that service thereof may be made in accordance with Section 17. Within 30
days after such service, or such other time as may be mutually agreed upon in
writing by the attorneys for the parties to such action or proceeding, a party
so served shall appear or answer such summons, complaint, or other process.
Should such party so served fail to appear or answer within such 30-day period
or such extended period, as the case may be, such party shall be deemed in
default and judgment may be entered by the other party against such party or the
amount as demanded in any summons, complaint, or other process so served.

<PAGE>

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

                                            ENDAVO MEDIA AND
                                            COMMUNICATIONS , INC.

                                            By:
                                               --------------------------------
                                            Name:
                                            Member of the Board of Directors

                                    EXECUTIVE

                                    Paul D. Hamm

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