Document:

Exhibit 10.3

    Exhibit
      10.3

    

    EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of February
      4, 2004 by and between Mohen Entertainment Portals, LLC, a New York Limited
      Liability Company (the “Company”), and Orville Hagler (“Employee”).

    

    PRELIMINARY
      RECITALS

    

    WHEREAS,
      the Company is engaged in the business of distributing entertainment over the
      Internet and providing Web based music and video portals (the “Business”); and

    

    WHEREAS,
      the Company desires to employ Employee, and Employee desires to be employed
      by
      the Company, in an executive capacity, all under the terms and conditions set
      forth herein;

    

    NOW,
      THEREFORE, in consideration of the premises, the mutual covenants of the parties
      hereinafter set forth, and other good and valuable consideration, the receipt
      and sufficiency of which are hereby acknowledged, the parties hereto hereby
      agree as follows:

    

    1. Employment

    

    1.1 Engagement
      of Employee.
      The
      Company agrees to employ Employee as Vice President, Internet Properties and
      Employee agrees to accept such employment, all in accordance with the terms
      and
      conditions of this Agreement.

    

    1.2 Duties
      and Responsibilities.
      During
      the Employment Period (as defined herein), Employee will serve as the Company’s
      Vice President, Internet Properties and will perform all of the duties and
      responsibilities of said office as set forth in the by-laws of the Company
      as
      the same are in effect from time to time and will perform such other duties
      and
      responsibilities as the Managing Member shall from time to time reasonable
      direct: provided,
      however,
      that
      such duties and responsibilities shall at all times be commensurate with the
      position of Vice President of the Company. Employee agrees to serve the Company
      diligently and faithfully during the Employment Period and to devote Employee’s
      best efforts, highest talents and skills and adequate time and attention to
      the
      furtherance and success of the Company.

    

    1.3 Employment
      Period.
      Employee’s employment under this Agreement shall be for a period of three (3)
      years beginning on the effective date of this Agreement (the “Initial Employment
      Period”). After such three (3) years of the Initial Employment Period, this
      Agreement shall automatically renew for successive one-year periods (each
      one-year period shall be referred to herein as “Renewal Period”) unless either
      the Company or Employee, as the case may be, provides written notice to the
      other party at least thirty (30) days prior to the termination of any such
      period, stating its/his desire to terminate this Agreement. The Initial
      Employment Period and each successive Renewal Period shall be referred to herein
      together as the “Employment Period.” Notwithstanding anything to the contrary
      contained herein, the Employment Period is subject to termination pursuant
      to
      Section 1.4 below.

    

    
      
        
        

      

      
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    1.4 Termination
      of Employment for Cause, Death or Disability.
      The
      Company has the right to terminate Employee’s employment under this Agreement,
      by notice to Employee in writing at any time, for Cause (as hereinafter
      defined), and such employment shall automatically terminate upon the death
      or
      the Disability (as hereinafter defined) of Employee. Any such termination shall
      be effective upon the date of service of such notice pursuant to Section 7.7
      hereof, in the case of termination for Cause, or immediately upon the death
      or
      Disability of Employee, and the Employment Period shall terminate as of the
      effective date of such termination.

    

    “Cause,”
      as used herein, means the occurrence of any of the following
      events:

    

    (i) final
      non-appealable conviction of (A) a felony or (B) any crime involving moral
      turpitude;

    

    (ii) material
      willful misconduct of Employee in performing his duties or responsibilities
      hereunder after (A) the Company has delivered a written notice to Employee
      describing such willful misconduct and (B) employee has failed to cure or take
      substantial steps to cure such willful misconduct after a reasonable time
      period, as determined by the Board in its reasonable direction (not to be less
      than ninety (90) days);

    

    (iii) any
      act
      by Employee in the course of this employment constituting fraud or
      misappropriation of property of the Company or its affiliates; or

    

    (iv) a
      material breach by Employee of any of the terms, conditions or covenants set
      forth in this Agreement, including Sections 3.2, 3.4, 3.5 or 3.6 of this
      Agreement, if (A) written notice is delivered by the Company to Employee
      describing such breach and (B) Employee has failed to cure or take substantial
      steps to cure such breach after a reasonable time period, as determined by
      the
      Board in its reasonable discretion (not to be less than ninety (90)
      days).

    

    Employee
      shall be deemed to have a “Disability” for purposes of this Agreement if he is
      unable to perform, by reason of physical or mental incapacity, his material
      duties or obligations under this Agreement, with or without reasonable
      accommodation, for a total period of (90) days in any three-hundred-sixty (360)
      day period. The Board shall determine, according to the facts then available,
      whether and when the Disability of the Employee has occurred. Such determination
      shall not be arbitrary or unreasonable and the Board will, if possible, take
      into consideration the expert medical opinion of a physician chosen by the
      Company, after such physician has completed an examination of Employee. Employee
      agrees to make himself available for such examination upon the reasonable
      request of the Company.

    

    
      
        
        

      

      
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    2. Compensation
      and Benefits.

    

    2.1 Salary.
      In
      consideration of Employee performing his duties under this Agreement, the
      Company will pay Employee a base salary at a rate of
      one-hundred-thirty-nine-thousand dollars ($139,000) per fiscal year (the “Base
      Salary”) for the period commencing April 1, 2004 dependent upon securing
      adequate financing of the Company. The Base Salary of Employee shall be review
      on an annual basis by the Compensation Committee of the Board (the “Compensation
      Committee”) in the beginning of each fiscal year of the Employment Period. The
      Base Salary shall be payable in accordance with the Company’s regular payroll
      practices for salaried employees. If the Employment Period is terminated
      pursuant to Section 1.4 above, then the Base Salary for any partial year will
      be
      prorated based on the number of days elapsed in such year during which services
      were actually performed by Employee.

    

    2.2 Bonus.
      During
      the Employment Period, Employee shall be eligible to earn an annual optional
      cash bonus in an amount to be determined by the Compensation Committee in its
      sole discretion, provided
      the
      Compensation Committee determines that Employee has met the objectives
      established by the Compensation Committee for Employee at the beginning of
      each
      fiscal year and subject to a determination by the Compensation Committee that
      the Company’s financial position prudently allows for the payment of such bonus
      amount. All bonuses awarded to Employee hereunder shall be payable in accordance
      with the Company policy. Nothing in this Section shall be construed to prohibit
      Employee from participating in other such non-cash bonus plans (including,
      without limitation, stock option plans) as may be subsequently adopted and
      approved by the Company.

    

    2.3 Benefits
      and Vacation.
      Employee will be eligible to participate in and receive such group insurance
      plans, other fringe benefit plans and vacation as the Company makes available
      to
      similarly situated employees, term life insurance, any applicable pension
      program, and four (4) weeks paid vacation per year.

    

    2.4 Compensation
      After Termination of Employment.

    

    (a) If
      the
      Company shall terminate Employee’s employment during the Employment Period for
      any reason (other than pursuant to Section 1.4 of this Agreement ), Employee
      shall be entitled to receive severance compensation equal to the sum of (A)
      continuance of his Base Salary (which, solely for purposes of this Section
      2.4
      shall be deemed to include the value of all benefits and perquisites provided
      pursuant to Sections 2.3 and 2.5) and Deemed Bonus (as defined below) for a
      period of three (3) months commencing on the effective date of termination
      of
      Employee’s employment (the “Severance Period”), (B) (i) if permitted under
      Company’s group health, life and disability coverage (“Insurance Coverage”),
      continuation at the cost of Company of Employee’s coverage thereunder (subject
      to such changes in coverage as shall apply to Company’s employees generally) or
      (ii) if not so permitted, reimbursement by the Company of the premiums for
      group
      health insurance coverage otherwise payable by Employee under COBRA for the
      first eighteen (18) months of the Severance Period and other comparable
      replacement coverage procure by Employee thereafter until the end of the
      Severance Period or until other employment is obtained that provides comparable
      coverage, whichever occurs first, and (C) his pro
      rata
      bonus, as determined by the Compensation Committee in its good faith judgment
      in
      accordance with Section 2.2, for the portion of any fiscal year prior to the
      termination date ((A), (B) and (C) collectively, the “Severance Benefits”). The
      Severance Benefits payable under (A) and (B) (ii) above shall be paid in equal
      installments on the Company’s normal payroll payment dates occurring during the
      Severance Period; provided,
      however,
      in the
      even Employee terminates his employment for Good Reason after a Change of
      Control (as defined below), the Company shall pay Employee the total sum of
      the
      Severance Benefits in one lump sum payment in an amount equal to the sum of
      the
      amount described in (C) above and the present value (determined as of the date
      of payment which shall be no later than thirty (30) days after the Change of
      Control) of the aggregate Severance Benefits payable under (A) and (B)(ii)
      above, discounted at a rate equal to the rate of interest (as reported in the
      Wall
      Street Journal)
      borne
      by obligation of the United States of America having a maturity of three (3)
      years. It shall be a condition to Employee’s right to receive the Severance
      Benefits that (i) Employee shall execute and deliver to the Company a written
      separation agreement, in form and substance satisfactory to the Company, which
      agreement shall, among other things, contain (X) a general release by Employee
      of all claims arising out of Employee’s employment or termination of employment,
      (Y) a covenant by Employee to cooperate with the Company in prosecuting or
      defending any litigation involving third parties and (Z) a covenant by Employee
      not to disparage the Company, and (ii) Employee shall be in compliance with
      all
      of Employee’s obligation which survive termination hereof, including without
      limitation, those arising under Section 3 and 4 hereof. The Severance Benefits
      are intended to be in lieu of all other payments to which Employee might
      otherwise be entitled in respect of termination of Employee’s employment without
      Cause. Employee shall not be required to seek other employment during the
      Severance Period and his acceptance of alternate employment during the Severance
      Period shall not reduce in any way the Company’s obligation to pay Severance
      Benefits, except with respect to insurance coverage. Except as expressly
      provided above in this Section 2.4(a), no fringe or other employee benefits
      shall be payable during or after the Severance Period.

    

    
      
        
        

      

      
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    (b) If
      Employee shall voluntarily terminate his employment for Good Reason (as defined
      below) or be terminated without Cause during the Employment Period, Employee
      shall be entitled to receive the same Severance Benefits as are provided for
      in
      Section 2.4(a) above, subject to all of the terms and conditions set forth
      in
      said Section.

    

    (c) For
      purposes of this Agreement, “Good Reason” shall mean, so long as Employee has
      not been guilty of the conduct giving rise to the right to terminate Employee
      for Cause, (i) the removal of Employee from such position or the assignment
      to
      Employee of any additional duties or responsibilities or a reduction in
      Employee’s duties or responsibilities which, in either case, are inconsistent
      with those customarily associated with such position or an adverse change in
      the
      Employee’s reporting lines; (ii) the Company’s requiring Employee to be based at
      any office or location other than in the metropolitan New York City, New York
      area, except for travel reasonably required in the performance of Employee’s
      duties; (iii) any decrease in the Employee’s compensation; (iv) a material
      breach of this Agreement by the Company if written notice is delivered to the
      Company describing such breach an it fails to cure after a reasonable period
      of
      time (not to exceed ninety (90) days); or (v) the termination by the Company
      of
      any employee benefit plan in which the Employee is participating unless such
      plan is terminated as to all managerial employees of the Company.

    

    
      
        
        

      

      
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    (d) For
      purposes of this Agreement, a “Change of Control” of the Company shall be deemed
      to have occurred on the first of any of the following:

    

    (i) The
      acquisition by any individual, entity or group (within the meaning of Section
      13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
      “Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of
      Rule 13d-3 promulgated under the Exchange Act) of thirty percent (30%) or more
      of either (A) the then-outstanding shares of Class A Shares of the Company
      (the
“Outstanding Company Shares”) or (B) the combined voting power of the
      then-outstanding voting securities of the Company entitled to vote generally
      in
      the election of directors (the “Outstanding Company Voting Securities”);
provided,
      however,
      that
      for the purposes of this subsection (i), the following acquisitions shall not
      constitute a Change of Control: (A) any acquisition directly from the Company
      other than in connection with the acquisition by the Company or its affiliates
      of a business, (B) any acquisition by the Company, (C) any acquisition by any
      employee benefit plan (or related trust) sponsored or maintained by the Company
      or any corporation controlled by the Company, (D) any acquisition by a lender
      to
      the Company pursuant to a debt restructuring of the Company, or (D) any
      acquisition by a lender to the Company, or (E) any acquisition by any
      corporation pursuant to a transaction which complies with clauses (A), (B)
      and
      (C) of subsection (iii) of this Section 2.4(d);

    

    (ii) If
      any
      individuals who, as of the date hereof, constitute the Board (the “Incumbent
      Board”) cease for any reason to constitute at least a majority of the Board;
provided,
      however,
      that
      any individual becoming a director subsequent to the date hereof whose election,
      or nomination for election by the Company’s shareholders, was approved by a vote
      of at least a majority of the directors then comprising the Incumbent Board
      shall be considered as though such individual were a member of the Incumbent
      Board, but excluding, for this purpose, any such individual whose initial
      assumption of office occurs as a result of an actual or threatened election
      contest with respect to the election or removal of directors or other actual
      or
      threatened solicitation of proxies or consents by or on behalf of a Person
      other
      than the Board;

    

    
      
        
        

      

      
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    (iii) Consummation
      of a reorganization, merger or consolidation of the Company or any direct or
      indirect subsidiary of the Company or sale of other disposition of all or
      substantially all of the assets of the Company (a “Business Combination”), in
      each case, unless, following such Business Combination, (A) all or substantially
      all of the individuals and entities who were the beneficial owners,
      respectively, of the Outstanding Company Shares and Outstanding Company Voting
      Securities immediately prior to such Business Combination beneficially own,
      directly or indirectly, more than sixty percent (60%) of, respectively, the
      then
      and the combined voting power of the then Outstanding Company Shares Outstanding
      Company Voting Securities entitled to vote generally in the election of
      directors, as the case may be, of the corporation resulting from such Business
      Combination (which shall include for these purposes, without limitation, a
      corporation which as a result of such transaction owns the Company or all or
      substantially all of the Company’s assets either directly or through one or more
      subsidiaries) in substantially the same proportions as their ownership,
      immediately prior to such Business Combination, of the Outstanding Company
      Shares and Outstanding Company Voting Securities, as the case may be, (B) no
      Person (excluding any corporation resulting from such Business Combination
      or
      any employee benefit plan or related trust) of the Company or such corporation
      resulting from such Business Combination and any person beneficially owning,
      immediately prior to such Business Combination, directly or indirectly,
      thirty-percent (30%) or more of the Outstanding Company Shares or Outstanding
      Voting Securities, as the case may be, beneficially owns, directly or
      indirectly, thirty-percent (30%) or more of, respectively, the then-outstanding
      shares of common stock of the corporation resulting from such Business
      Combination, or the combined voting power of the then outstanding voting
      securities of such corporation entitled to vote generally in the election of
      directors and (C) at least a majority of the members of the board of directors
      of the corporation resulting from such Business Combination were members of
      the
      Incumbent Board at the time of the execution of the initial agreement or of
      the
      action of the Board, providing for such Business Combination; or

    

    (iv) Approval
      by the shareholders of the Company of a complete liquidation or dissolution
      of
      the Company other than to a corporation which would satisfy the requirements
      of
      clauses (A), (B) and (C) of Subsection (iii) of this Section 2.4(d), assuming
      for this purpose that such liquidation or dissolution was a Business
      Combination.

    

    
      
        
        

      

      
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    (e) For
      purposes of this Agreement, “Deemed Bonus” means an amount equal to the higher
      of (A) the bonus paid or payable to Employee under Section 2.2 for the fiscal
      year immediately proceeding the fiscal year in which termination of employment
      occurs and (B) the maximum bonus payable to Employee under Section 2.2, as
      reasonably determined by the Compensation Committee, for the fiscal year in
      which termination of employment occurs.

    

    (f) If
      the
      Company shall terminate Employee’s employment during Employment Period pursuant
      to Section 1.4, the Company shall have no further obligations hereunder or
      otherwise with respect to Employee’s employment from and after the termination
      or expiration date (except payment of Employee’s Base Salary accrued through the
      date of termination or expiration), and the Company shall continue to have
      all
      other rights available hereunder (including, without limitation, all rights
      under Section 3 and 4 hereof at law or in equity); provided that if Employee’s
      employment terminates by reason of Employee’s death or disability, Employee or
      Employee’s estate shall have the right to exercise Employee’s stock options for
      a period of twenty-four (24) months thereafter and all options shall be
      immediately exercisable.

    

    (g) For
      the
      avoidance of doubt, Severance Benefits shall not be payable if Employee’s
      employment is terminated by reason of his death or Disability, but shall
      continue to be payable during the Severance Period if his employment is
      terminated without Cause or if he resigns with Good Reason and he subsequently
      dies or becomes disabled.

    

    2.5 Reimbursement
      for Expenses.
      The
      Company shall reimburse Employee for all authorize reasonable out-of-pocket
      expenses incurred by Employee for travel, lodging, meals and miscellaneous
      and
      other expenses on behalf of the Company upon presentation of an itemized list
      of
      such expenses, and, to the extent requested by the Company, receipts and
      invoices evidencing such expenses. In addition, the Company shall provide
      Employee the following benefits:

    (a) the
      cost
      of compact disks and digital video disks for use in Employee’s work and research
      in the internet entertainment business;

    

    (b) annual
      membership in a health club of Employee’s choice;

    

    (c) annual
      tax preparation services and advice;

    

    (d) broadband
      internet and digital cable access in his home, to support his research in the
      internet entertainment business.

    

    (e) A
      cellular/mobile telephone.

    

    3.  Covenants.

    

    3.1 Employee’s
      Acknowledgment.
      Employee acknowledges that:

    

    
      
        
        

      

      
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    (i) The
      Company is and will be engaged in the Business during the Employment Period
      and
      thereafter;

    

    (ii) Employee
      is one of a limited number of persons who will manage the Business;

    

    (iii) Employee
      will occupy a position of trust and confidence with the Company as of the date
      of this Agreement, and during the Employment Period and during Employee’s
      employment under this Agreement, Employee will become familiar with the
      Company’s proprietary and confidential information concerning the Company and
      the Business;

    

    (iv) The
      agreements and covenants contained in this Section 3 are essential to protect
      the Company and the goodwill of the Business and are a condition precedent
      to
      the Company’s entering into this Agreement;

    

    (v) Employee’s
      employment with the Company has special, unique and extraordinary value to
      the
      Company and the Company would be irreparably damaged if Employee were to provide
      services to any person or entity in violation of this provisions of this
      Agreement; and

    

    (vi) Employee
      has means to support himself and his dependents other than by engaging in the
      Business as conducted by the Company during the Restrictive Period (as defined
      herein) (the “Restricted Business”) and the provisions of this Section 3 will
      not impair such ability.

    

    3.2 Non-Compete.
      Employee hereby agrees that during the Employment Period and through the period
      ending with the second anniversary of the last day of the Employment Period
      (collectively, the “Restrictive Period”), he shall not (except on behalf of the
      Company during the Employment Period) for any reason whatsoever, directly or
      indirectly, whether individually or as a officer, director, shareholder, owner,
      partner, joint venturer, employee, independent contractor, consultant or advisor
      to or of any entity, or in any other capacity:

     

    (i) engage,
      participate or invest in any business which is competitive with the Business
      anywhere in the United States of America (the “Territory”); provided,
      however,
      that
      nothing contained herein shall be construed to prevent Employee from investing
      in up to 2% of the outstanding stock of any competing corporation that is
      widely-traded and listed on a recognized national, international or regional
      securities exchange or traded in the U.S. over-the-counter market, but only
      if
      Employee is not actively involved in and does not render consulting or
      employment services to the business of said corporation. 

    

    
      
        
        

      

      
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    (ii) sell
      or
      provide any competitive products or services to or solicit for the purpose
      of
      selling or providing any competitive products or services to, any person or
      entity that was a customer of the Company at any time during the one-year period
      ending on the last day of the Employment Period (the “Termination Date”) or that
      was actively being solicited by the Company to become a customer of the Company
      at any time during such period,

    

    (iii) solicit
      for employment or engagement, or influence or induce to leave the Company’s
      employment, or knowingly cause to be employed or engaged, any person who is
      employed or engaged by the Company in a managerial capacity on the Termination
      Date or during the Restrictive Period, unless such person has been out of the
      employ of the Company for at least one-hundred-eighty (180) days;
      or

    

    (iv) enter
      into, or call upon or request non-public information for the purpose of entering
      into, an Acquisition Transaction with any entity with respect to which Company
      made an offer or proposal for, or entered into discussions or negotiations
      for,
      or evaluated with the intent of making a proposal for, an Acquisition
      Transactions, within the six (6) month period immediately preceding the
      Termination Date.

    

    For
      purposes of this Agreement, an “Acquisition Transaction” means a merger
      consolidation, purchase of material assets, purchase of a material equity
      interest, tender offer, recapitalization, accumulation of shares, proxy
      solicitation or other business combination.

    

    3.3 Other
      Business Activities.
      The
      parties hereto acknowledge that Employee engages in, and may continue to engage
      in, other business activities (including, without limitation, serving on the
      board of directors of non-affiliated entities and engaging in civic and
      political activities) so long as such business activities shall not violate
      Section 3.2 and shall not interfere with Employee’s performance of his duties
      and responsibilities hereunder.

    

    3.4 Intellectual
      Property Rights.
      Employee will promptly communicate, disclose and transfer to the Company free
      of
      all encumbrances and restrictions (and will execute and deliver any papers
      and
      take any action at any time deemed reasonably necessary by the Company to
      further establish such transfer) all of Employee’s right, title and interest in
      and to all ideas, discoveries, inventions and improvements relating to the
      Business created, originated, developed or conceived of by Employee solely
      or
      jointly with others during the term of Employee’s employment hereunder, whether
      or not during normal working hours. Employee agrees that all right, title and
      interest in and to all such ideas, discoveries, inventions and improvements
      shall belong solely to the company, whether or not they are protected or
      protectible under applicable patent, trademark, service mark, copyright or
      trade
      secret laws. Employee agrees that all work or other material containing or
      reflecting any such ideas, discoveries, inventions or improvements shall be
      deemed work made for hire as defined in Section 101 of the Copyright Act, 17
      U.S.C §101. Such transfer shall include all patent rights, copyrights, trademark
      and service mark rights, and trade secret rights (if any) to such ideas,
      discoveries, inventions and improvements in the United States and in all other
      countries. Employee further agrees, at the expense of the Company to take all
      such reasonable actions and to execute and deliver all such assignments and
      other lawful papers relating to any aspect of the prosecution of such rights
      in
      the United States and all other countries as the Company may request at any
      time
      during the Employment Period or after termination thereof.

    

    
      
        
        

      

      
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    3.5 Interference
      with Relationships.
      Other
      than in the performance of his duties hereunder, during the Restrictive Period,
      Employee shall not, directly or indirectly, as employee, agent, consultant
      stockholder, director, co-partner or in any other individual or representative
      capacity solicit or encourage any present or future customer, supplier or other
      third party to terminate or otherwise alter his, her or its relationship with
      the Company with respect to the Restricted Business.

    

    3.6 Confidential
      Information.
      Other
      than in the performance of his duties hereunder, during the Restrictive Period
      and thereafter, Employee shall keep secret and retain in strictest confidence,
      and shall not, without the prior written consent of the Company, directly or
      indirectly furnish, make available or disclose to any third party or use for
      the
      benefit of himself or any third party, any Confidential Information. As used
      in
      this Agreement, “Confidential Information” shall mean any information relating
      to the business or affairs of the Company or the Business, including, but not
      limited to, information relating to financial statements, employees, customers,
      suppliers, pricing, marketing, equipment, programs, strategies, analyses, profit
      margins, or other proprietary information of or used by the Company or any
      subsidiary of Company in connection with the Business; provided,
      however,
      that
      Confidential Information shall not include any information which is in the
      public domain or becomes known to the industry through no wrongful act on the
      part of Employee. Employee acknowledges that the Confidential Information is
      vital, sensitive, confidential and proprietary to the Company.

    

    3.7 Blue
      Pencil.
      If any
      court of competent jurisdiction shall at any time deem the Restrictive Period
      too lengthy or the Territory too extensive, the other provisions of this Section
      3 shall nevertheless stand, the Restrictive Period herein shall be deemed to
      be
      the longest period permissible by law under the circumstances and the Territory
      herein shall be deemed to comprise the largest territory permissible by law
      under the circumstances. The court in each case shall reduce the time period
      and/or territory to permissible duration or size.

    

    3.8 Return
      of Company Materials upon Termination.
      Employee acknowledges that all price lists, sales manuals, catalogs, binders,
      customer lists and other customer information, supplier lists and other supplier
      information, financial information, memoranda, correspondence and other records
      or documents including information stores on computer disks or in computer
      readable form, containing Confidential Information prepared by Employee or
      coming into Employee’s possession by virtue of Employee’s employment by the
      Company is and shall remain the property of the Company and that upon
      termination of Employee’s employment hereunder, Employee shall return
      immediately to the Company all such items in Employee’s possession, together
      with all copies thereof.

    

    
      
        
        

      

      
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    3.9 Remedies.
      Employee acknowledges and agrees that the covenants set forth in this Section
      3
      (collectively, the “Restrictive Covenants”) are reasonable and necessary for the
      protection of the Company’s business interests, that irreparable injury will
      result to the Company if Employee breaches any of the terms of said Restrictive
      Covenants, and that in the event Employee breaches or threatens to breach any
      such Restrictive Covenants, the Company will have no adequate remedy of law.
      Employee accordingly agrees that in the event Employee breaches or threatens
      to
      breach any such Restrictive Covenants, the Company will have no adequate remedy
      of law. Employee accordingly agrees that in the even Employee breaches or
      threatens to breach any of the Restrictive Covenants, the Company shall be
      entitled to immediate temporary injunctive and other equitable relief, without
      bond and without the necessity of showing actual monetary damages. In addition,
      if Employee is otherwise entitled to receive Severance Benefits and breaches
      any
      of the terms of the Restrictive Covenants, Employee will not be entitled to
      the
      payment of any further Severance Benefits hereunder. Nothing contained herein
      shall be construed as prohibiting the Company from pursing any other remedies
      available to it for such breach or the threat of such a breach by Employee,
      including the recovery of any other damages which it is able to
      prove.

    

    3.10 Company.
      For
      purposes of this Section 3, the term “Company” shall include the Company and its
      respective subsidiaries, affiliates, assignees and any successors in interest
      of
      the Company or its subsidiaries.

    

    4. Effect
      of Termination.
      If
      Employee or the Company should terminate Employee’s employment for any reason,
      then, notwithstanding such termination, those provisions contained in Sections
      3.2, 3.4, 3.5 and 3.6 hereof shall remain in full force and effect.

    

    5. Income
      Tax Treatment.
      Employee and the Company acknowledge that it is the intention of the Company
      to
      deduct all amounts paid under Section 2 hereof as ordinary and necessary
      business expenses for federal, state, and local income tax purposes. Employee
      agrees and represents that he will treat all such amounts as required pursuant
      to all applicable tax laws and regulations, and should he fail to report such
      amounts as required, he will indemnify and hold the Company harmless from and
      against any and all taxes, penalties, interest, costs and expenses, including
      reasonable attorneys’ and accounting fees and costs, which are incurred by
      Company directly or indirectly as a result thereof.

    

    6. Excise
      Tax.

    

    6.1 This
      Section 6 shall apply in the event that the Employee becomes entitled (without
      regard to this Section 6) to one or more payments or rights (which payments
      or
      rights shall include, without limitation, the vesting of an option or other
      non-cash benefit or property), whether pursuant to the terms of this Agreement
      or any other plan, arrangement, or agreement with the Company or any affiliated
      company (collectively, the “Total Payments”) which would be subject (in whole or
      in part) to the excise tax imposed by Section 4999 of the Code (or any similar
      tax as may hereafter be imposed) (the “Excise Tax”).

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    6.2 In
      the
      event that the Total Payments cause the Employee’s “parachute payments” within
      the meaning of Section 280G(h)(2) of the Code (the “Parachute Payments”) to
      equal or to exceed three times the Employee’s “base amount” within the meaning
      of Section 280G(b)(3) of the Code (the “Trebled Base Amount”) by an amount which
      is not greater than ten-percent (10%) of the Trebled Base Amount, the Total
      Payments shall be reduced (or eliminated) such that no portion of the Total
      Payments is subject to the Excise Tax. Reductions shall be made first to those
      Total Payments arising under the terms of this Agreement.

    

    6.3 In
      the
      event that the Total Payment cause the Parachute Payments to exceed
      one-hundred-ten-percent (110%) of the Trebled Base Amount, the Company shall
      pay
      to the Employee at the time specified below, an additional amount determined
      as
      set forth below (the “Gross-up Payment”). The Gross-up Payment shall be made
      only with respect to the amount which equals fifty-percent (50%) of the
      Employee’s “excess parachute payments” subject to the Excise Tax (the “Subject
      Amount”). For the avoidance of doubt, no Gross-up Payment shall be made with
      respect to the remaining fifty-percent (50%) of the amount described in the
      preceding sentence. The Gross-up Payment shall be an amount such that the net
      amount retained by Employee with respect to the Subject Amount after reduction
      for any Excise Tax on the Subject Amount and any federal, state and local income
      or employment tax and Excise Tax payable by the Employee on the Gross-up Payment
      hereunder (provided that such amount is actually paid when due) shall be equal
      to the Subject Amount.

    

    6.4 For
      purposes of determining whether any of the Total Payments will be subject to
      the
      Excise Tax, the amount of any Excise Tax and the amount of any Gross-up
      Payment:

    

    (a) The
      Total
      Payments shall be treated as Parachute Payments and all “excess parachute
      payments” within the meaning of Section 280G(b)(1) of the Code shall be treated
      as subject to the Excise Tax, unless, and except that to the extent that, in
      the
      written opinion of independent legal counsel, compensation consultants or
      auditors of nationally recognized standing (“Independent Advisors”) selected by
      the Company and reasonably acceptable to Employee, the Total Payments (in whole
      or in part) do not constitute Parachute Payments, of such excess parachute
      payments (in whole or in part) represent reasonable compensation for services
      actually rendered within the meaning of Section 280G(b)(4) of the Code in excess
      of the base amount within the meaning of Section 280G(b)(3) of the Code or
      are
      otherwise not subject to the Excise tax;

    

    (b) The
      amount of the Total Payments which shall be treated as subject to the Excise
      Tax
      shall be equal to the lesser of (i) the total amount of the Total Payments,
      and
      (ii) the total amount of “excess parachute payments” within the meaning of
      Section 280G(b)(1) of the Code (after applying Section 6.4(a) above);
      and

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    (c) The
      value
      of any non-cash benefits or any deferred payment or benefit shall be determined
      by the Independent Advisors in accordance with the principles of Sections
      280G(d)(3) and (4) of the Code.

    

    In
      the
      event that the Excise Tax is subsequently determined to be less than the amount
      taken into account hereunder al the time the Gross-up Payment is made, Employee
      shall repay to the Company at the time that the amount of such reduction in
      Excise Tax is finally determined (but, if previously paid to the taxing
      authorities, not prior to the time the amount of such reduction is refunded
      to
      Employee or otherwise realized as a benefit by Employee) the portion of the
      Gross-up payment that would not have been paid if such Excise Tax had been
      utilized in initially calculating the Gross-up Payment, plus interest on the
      amount of such repayment at the rate provided in Section 1274(b)(2)(B) of the
      Code. In the event that the Excise Tax is determined to exceed the amount taken
      into account hereunder at the time the Gross-up Payment is made (including
      by
      reason of any payment the existence or amount of which cannot be determined
      at
      the time of the Gross-up Payment), the Company (i) shall make an additional
      Gross-up Payment to Employee at the time that the amount of such excess if
      finally determined and (ii) shall indemnify and hold Employee harmless from
      any
      and all liabilities arising as a direct result of such excess (plus any interest
      and penalties payable with respect to such excess).

    

    The
      Gross-up Payment provided for above shall be paid in full thirty (30) days
      (or
      such earlier date as the Excise Tax becomes due and payable to the taxing
      authorities) after it has been determined that the Total Payments (or any other
      portion thereof) are subject to the Excise Tax; provided,
      however,
      that if
      the amount of such Gross-up Payment or portion thereof cannot be finally
      determined on or before such day, the Company shall pay to Employee on such
      day
      an estimate, as determined by the Independent Advisors, of the minimum amount
      of
      such Gross-up Payment and shall pay the remainder of such payment (together
      with
      interest at the rate provided in Section 1274(b)(2)(B) of the Code), as soon
      as
      the amount thereof can be determined. In the event that the amount of the
      estimated Gross-up Payment exceeds the amount subsequently determined to have
      been due, such excess shall constitute a loan by the Company to Employee,
      payable on the fifth day after demand by the Company (together with interest
      at
      the rate provided in Section 1274(b)(2)(B) of the Code). If more than one
      Gross-up Payment is made, the amount of each Gross-up Payment shall be computed
      so as not to duplicate any prior Gross-up Payment.

    

    Employee
      shall notify the Company in writing of any claim by the Internal Revenue Service
      that, if successful, would require the payment by the Company of the Gross-up
      Payment (the “Claim”). Such notification shall be given as soon as practicable
      but no later than ten (10) business days after Employee is informed in writing
      of the Claim and shall apprise the Company of the nature of the Claim and the
      date on which such Claim is requested to be paid. Employee shall not pay such
      Claim prior to the expiration of the thirty (30) day period following the date
      on which it gives such notice to the Company (or such shorter period ending
      on
      the date that any payment of taxes with respect to such Claim is due). If the
      Company notifies Employee in writing prior to the expiration of such period
      that
      it desires to contest such Claim, Employee shall:

     

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    

    
      	 	
              (i)

            	
              give
                the Company any information reasonably requested by the Company relating
                to such Claim;

            

    

    

    
      	 	
              (ii)

            	
              take
                such action in connection with contesting the Claim as the Company
                shall
                reasonably request in writing from time to time, including, without
                limitation, accepting legal representation with respect to such Claim
                by
                an attorney reasonably selected by the
                Company;

            

    

    

    
      	 	
              (iii)

            	
              cooperate
                with the Company in good faith in order effectively to contest the
                Claim;
                and

            

    

    

    
      	 	
              (iv)

            	
              permit
                the Company to participate in any proceedings relating to the
                Claim;

            

    

    

    provided,
      however,
      that
      the Company shall bear and pay directly all costs and expenses (including
      additional interest and penalties) incurred in connection with such contest
      and
      shall indemnify and hold Employee harmless, on all after-tax basis, for any
      Excise Tax or income or employment tax (including interest and penalties with
      respect thereto) imposed as a result of such representation and payment of
      costs
      and expenses. Without limiting the foregoing provisions of this Section 6,
      the
      Company shall control all proceedings taken in connection with such contest
      and,
      at its sole option, may pursue or forgo any and all administrative appeals,
      proceedings, hearings and conferences with the taxing authority in respect
      of
      the Claim and may, at its sole option, either direct Employee to pay the Excise
      Tax claimed and sue for a refund or contest the Claim in any permissible manner,
      and Employee agrees to prosecute such contest to a final determination before
      any administrative tribunal, in a court of initial jurisdiction and in one
      or
      more appellate courts, as the Company shall determine; provided,
      however,
      that if
      the Company directs Employee to pay any Excise Tax claimed to be due and sue
      for
      a refund, the Company shall advance the amount of such payment to Employee,
      on
      an interest-free basis, and shall indemnify and hold Employee harmless, on
      an
      after-tax basis, from any Excise Tax or income or employment tax (including
      income or employment tax or interest or penalties with respect thereto) imposed
      with respect to such advance or with respect to any imputed income with respect
      to such advance; and further provided
      that any
      extension of the statute of limitations relating to payment of taxes for the
      taxable year of Employee with respect to which such contested amount is claimed
      to be due is limited solely to such contested amount. Furthermore, the Company’s
      control of the contest of the Claim shall be limited, to the extent possible,
      to
      issues with respect to which a Gross-up Payment would be payable hereunder
      and
      the Employee shall be entitled, to the extent possible, to settle or contest,
      as
      the case may be, any other issue raised by the Internal Revenue Service or
      any
      other taxing authority. If, after the receipt by Employee of an amount advanced
      by the Company pursuant to this Section 6, Employee becomes entitled to receive
      any refund with respect to such Claim, Employee shall (subject to the Company’s
      complying with the requirements of this Section 6) promptly pay to the Company
      the amount of such refund (together with any interest paid or credited thereon
      after taxes applicable thereto). If, after the receipt by Employee of an amount
      advanced by the Company pursuant to this Section 6, a final determination is
      made that Employee shall not be entitled to any refund with respect to such
      Claim and the Company does not notify Employee in writing of its intent to
      contest such denial of refund prior to the expiration of thirty (30) days after
      such determination, then such advance shall be forgiven and shall not be
      required to be repaid and the amount of such advance shall offset, to the extent
      thereof, the amount of Gross-up Payment required to be paid.

    

    
      
        
        

      

      
        14

        
          

        

      

      
        
        

      

    

    7. Miscellaneous.

    

    7.1 Life
      Insurance.
      The
      Company may at its discretion and at any time apply for and procure as owner
      and
      for its own benefit and at its own expense, insurance on the life of Employee
      in
      such amounts and in such form or forms as the Company may choose. Employee
      shall
      cooperate with the Company in procuring such insurance and shall, at the request
      of the Company, submit to such medical examinations, supply such information
      and
      execute such documents as may be required by the insurance company or companies
      to whom the Company has applied for such insurance. Employee shall have no
      interest whatsoever in any such policy or policies, except that, upon the
      termination of Employee’s employment hereunder, Employee shall have the
      privilege of purchasing any such insurance from the Company for an amount equal
      to the actual premiums thereon previously paid by the Company.

    

    7.2 Assignment.
      No
      party hereto may assign or delegate any of its rights or obligations hereunder
      without the prior written consent of the other party hereto; provided,
      however,
      that
      the Company shall have the right to assign all or any part of its rights and
      obligations under this Agreement (i) to any affiliate of the Company to which
      the Business of the company is assigned at any time, any subsidiary or affiliate
      of the Company or any surviving entity following any merger or consolidation
      of
      any of those entities with any entity other than the company or (ii) in
      connection with the sale of the Business by the Company. Except as otherwise
      expressly provided herein, all covenants and agreements contained in this
      Agreement by or on behalf of any of the parties hereto shall bind and inure
      to
      the benefit of the respective legal representative, heirs, successors and
      assigns of the parties hereto whether so expressed or not.

    

    7.3 Entire
      Agreement.
      Except
      as otherwise expressly set forth herein, this Agreement and all other agreements
      entered into by the parties hereto on the date hereof set forth the entire
      understanding of the parties, and supersede and preempt all prior oral or
      written understandings and agreements, with respect to the subject matter
      hereof.

    

    7.4 Severability.
      Whenever possible, each provision of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      of this Agreement is held to be prohibited by or invalid under applicable law,
      such provision shall be ineffective only to the extent of such prohibition
      or
      invalidity, without invalidating the remainder of this Agreement.

    

    
      
        
        

      

      
        15

        
          

        

      

      
        
        

      

    

    7.5 Amendment;
      Modification.
      No
      amendment or modification of this Agreement and no waiver by any party of the
      breach of any covenant contained herein shall be binding unless executed in
      writing by the party against whom enforcement of such amendment, modification
      or
      waiver is sought. No waiver shall be deemed a continuing waiver or a waiver
      in
      respect of any subsequent breach of default, either of a similar or different
      nature, unless expressly so stated in writing.

    

    7.6 Governing
      Law.
      THIS
      AGREEMENT SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, AND ALL QUESTIONS
      CONCERNING THE CONSTRUCTION, VALIDITY, INTERPRETATION AND PERFORMANCE OF THIS
      AGREEMENT SHALL BE GOVERNED BY, THE LAWS OF THE STATE OF NEW YORK, WITHOUT
      GIVING EFFECT TO PROVISIONS THEREOF REGARDING CONFLICT OF LAWS.

    

    7.7 Notices.
      All
      notices, demands or other communications to be given or delivered hereunder
      or
      by reason of the provisions of this Agreement shall be in writing and shall
      be
      deemed to have been properly served if (a) delivered personally,
      (b) delivered by a recognized overnight courier service, (c) sent by
      certified or registered mail, return receipt requested and first class postage
      prepaid, or (d) sent by facsimile transmission followed by a confirmation copy
      delivered by a recognized overnight courier service the next business day.
      Such
      notices, demands and other communications shall be sent to the addresses
      indicated below:

    

    (a) If
      to
      Employee:

    

    Orville
      L
      Hagler

    97-08
      97th Avenue

    Ozone
      Park, New York 11416-1613

    Telephone:
      (718) 843-7061

    Cell:
      (646) 235-7602

    

    (b) If
      to the
      Company:

    

    Mohen
      Entertainment Portals, LLC.

    14
      Cedar
      Place

    Garden
      City, New York 11530

    Telephone:
      (866) 221-6458

    Attention:
      President and CEO

    

    with
      a
      copy to:

    

    Seward
      & Kissel LLP

    One
      Battery Park Plaza 

    New
      York.
      New York 10004 

    Telephone:
      (212) 574-1581

    Facsimile:
      (212) 480-8421 

    Attention:
      Michael J. McNamara, Esq.

    

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

    or
      to
      such other address or to the attention of such other person as the recipient
      party has specified by prior written notice to the sending party. Date of
      service of such notice shall be (i) the date such notice is personally
      delivered or sent by facsimile transmission (with issuance by the transmitting
      machine of a confirmation of successful transmission), (ii) three business
      days after the date of mailing if sent by certified or registered mail or
      (iii) one business day after date of delivery to the overnight courier if
      sent by overnight courier.

    

    7.8 Counterparts.
      This
      Agreement may be executed in one of more counterparts, each of which shall
      be
      deemed an original, but all of which taken together shall constitute one and
      the
      same Agreement.

    

    7.9 Descriptive
      Headings; Interpretation.
      The
      descriptive headings in this Agreement are inserted for convenience of reference
      only and are not intended to be part of or to affect the meaning or
      interpretation of this Agreement. The use of the word “including” in this
      Agreement shall be by way of example rather than by limitation. The Preliminary
      Recitals set forth above are incorporated by reference into this
      Agreement.

    

    7.10 No
      Strict Construction.
      The
      language used in this Agreement will be deemed to be the language chosen by
      the
      parties hereto to express their mutual interest, and no rule of strict
      construction will be applied against any party hereto.

    

    
      
        
        

      

      
        17

        
          

        

      

      
        
        

      

    

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

    

    MOHEN
      ENTERTAINMENT PORTALS, LLC

    

    

    

    By:
      /s/
      Joseph T. Mohen  

    Name:
      Joseph T. Mohen

    Title:
      Chairman & Managing Member

    Date:
      February 4, 2004

    

    

    

    /s/
      Orville Hagler  

    Orville
      Hagler

    Date:
      February 4, 2004

    

    
 

     

    18Exhibit 10.4

    Exhibit
      10.4

    

    Mohen
      Entertainment Portals, LLC

    Garden
      City, New York 11530

    

    

    Mr.
      Joseph T. Mohen

    14
      Cedar
      Place

    Garden
      City, New York 1 1530

    

    

    Dear
      Mr.
      Mohen:

    

    This
      letter agreement (this “Agreement”) sets forth the terms of your engagement as a
      consultant to Mohen Entertainment Portals, LLC (“MEP”). It is agreed as
      follows:

    

    1.
      Scope
      of Work

    

    You
      agree
      to provide to MEP consulting and related services (the “Consulting Services”) as
      described generally in this Agreement. During your engagement, specific
      assignments may be mutually agreed to by you and by MEP’s managing member or
      such other person as lie may designate. Your services shall generally include
      providing consulting services to MEP in connection with its design and creation
      of software and products, marketing and capital raising activities. The location
      and time the work will be performed will be determined by tile Consultant.
      The
      services may be performed by consultant himself or designated persons, and
      need
      not be integrated into the business operation, and Consultant, at his option,
      may furnish his own tools; Consultant will address the order and sequence in
      which the work will be done.

    

    2.
      Consulting
      Fee

    

    (a)
      In
      consideration for the Consulting Services, for the term of your engagement
      you
      shall be entitled to receive a fee equal to $360,000 annually, payable monthly
      in advance, plus other fees as may be negotiated between the parties for
      particular consulting projects. Any such other fees shall be subject to the
      approval of MEP’s board of directors.

    

    (b)
      Upon
      submission of appropriate documentation, MEP will reimburse you for any
      reasonable out-of-pocket expenses incurred by you in connection with the
      Consulting Services in accordance with the policies of MEP then in effect;
      these
      will specifically include, among others, travel, charges related to
      telecommunications and internet research, such as broadband and wireless
      internet access, video-on-demand, radio, television, cable, satellite,
      multimedia (including audio, motion picture, games, and other software), and
      telecommunications (terrestrial, cellular, and satellite).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

         

      

    

    Mr.
      Joseph T. Mohen

    Page
      2

    

    3.
      Nature
      of Relationship

    

    During
      your engagement, and for all purposes hereunder, you shall act solely as an
      independent contractor, and nothing herein shall at any time be construed to
      create a relationship of employer and employee, partnership, principal and
      agent
      or joint venture as between you and MEP by virtue of this Agreement or the
      consulting services contemplated hereby. As an independent contractor, you
      shall
      not be entitled to any of the customary employee benefits provided by MEP to
      its
      employees by virtue of your service to MEP under this Agreement. You and MEP
      acknowledge and agree that MEP will not take any deductions of any kind from
      the
      Consulting Fee provided for herein, and you further acknowledge and agree that
      you solely are responsible for any tax liabilities or employee benefit
      obligations that may arise from the payments made under this Agreement. In
      that
      respect, you agree to indemnify and hold MEP harmless from any tax liabilities
      or employment benefit obligations arising from the payments made cinder this
      Agreement.. Consultant is able to pursue other activities, provided they do
      not
      interfere with his obligations under this agreement, and is free to offer his
      services to the public; Consultant and Company will communicate in manner
      mutually convenient, but no specific written or oral reports are required.
      The
      Consultant is not obligated to perform training of Company staff.

    

    4.
      Confidential
      Information

    

    During
      your engagement, you acknowledge that you shall have access to information
      that
      is confidential and proprietary to MEP. You agree that you will not, during
      or
      after your engagement, disclose such information to any person or use it for
      your benefit or that of any third party, other than pursuant to legal
      process.

    

    5.
      MEP
      Property

    

    At
      the
      end of your engagement, or at any other time on request by MEP, you agree to
      promptly deliver all property and equipment of MEP of any kind that you may
      have
      in your control or possession.

    

    6.
      Term
      of Engagement; Termination Rights

    

    This
      Agreement shall be in effect from October 1, 2003 until December 31, 2009.
      After
      such date, the term hereof shall automatically be extended annually unless
      MEP
      has delivered to you, oil or prior to November 30 in the relevant year, a
      written termination notice to the addresses listed on page one of this
      Agreement. If Consultant terminates the agreement before completion, he is
      liable for a $1,000 penalty.

    

    7.
      Entire
      Agreement

    

    This
      Agreement contains the entire understanding between the parties on the subjects
      covered herein and supersedes all prior agreements between the parties and
      any
      prior discussions, understandings and arrangements, whether written or oral,
      are
      merged into and governed by this Agreement. This Agreement may not be changed
      orally, but only in writing signed by both parties.

    

    8.
      Governing
      Law

    

    The
      parties agree that this Agreement shall be governed by and construed in
      accordance with the laws of the State of New York, excluding principles of
      conflicts of laws.

    

    9.
      Dispute
      Resolution

    

    In
      the
      event a dispute arises concerning this Agreement, the performance of the
      Consulting Services or the relationship established hereunder, the parties
      agree
      to submit the dispute to arbitration before a panel of three (3) arbitrators
      at
      the American Arbitration Association (the “AAA”) in New York, New York, which
      will determine the dispute in accordance with the then-prevailing Commercial
      Rules of the AAA. For injunctive relief, it is agreed that any court of
      competent jurisdiction also may entertain an application by any party. The
      parties further agree that no demand for punitive or consequential damages
      shall
      be made in any such arbitration proceeding and the arbitrators shall not have
      the power to award such damages. Any award of the arbitrators shall be final
      and
      binding, subject only to any rights of appeal that may be as a matter of
      law.

    

    10.
      Waiver

    

    No
      failure by any party hereto at any time to give notice of any breach by the
      other party, or to require compliance with, any condition or provision of this
      Agreement shall be deemed a waiver of a similar or dissimilar provision or
      condition at the time or at any prior or subsequent time.

    

    11.
      Effect
      of Partial Invalidity

    

    In
      the
      event that any provision or term of this Agreement is held to be invalid,
      prohibited or unenforceable for any reason, such provision or term shall be
      deemed severed from this Agreement, without invalidating the remaining
      provisions, which shall remain in full force and effect.

    

    12.
      Confidentiality

    

    The
      parties agree to keep this Agreement confidential and not disclose its terms
      to
      any third parties unless required to do so by law or regulation, without the
      prior written consent of MEP. You may, however, disclose the terms of the
      Agreement to members of your immediate family, and the parties may disclose
      to
      tax, accounting and legal advisors, provided that assurance is received that
      such person will not disclose those matters to any third party.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

        

      

    

    Mr.
      Joseph T. Mohen

    Page
      3

    13.
      Binding,
      Effect; Assignment

    

    This
      Agreement and all rights and obligations hereunder shall be binding upon and
      shall inure to the benefit of your heirs, executors, representatives and
      administrators and MEP’s successors in interest or its assigns. Because of the
      personal nature of the services to be rendered by you, you may not assign your
      rights or obligations under this Agreement, without tile prior written consent
      of MEP.

    

    Please
      indicate your acceptance of the terms of this Agreement by signing and returning
      to me a copy of this letter.

     

    Very
      truly yours,

    

     

    
      	 	 	 
	 	MEP,
              LLC
	 
 	 
 	 
 
	 	By:  	/s/ [illegible
              signature]  
	 	
              

            
	 	
              Tax
                Matters Partner, for

            

    ACCEPTED
      AND AGREED TO:

    

    

    /s/
      Joseph T. Mohen  

    
      
        

      

    

    Joseph
      T.
      Mohen

    

    Date:
      January
      15, 2004

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]