Document:

DERMISONICS, INC.

                                PROMISSORY NOTE

$___________________                                         ____________,  2005

     DERMISONICS,  INC.,  a  Nevada  corporation  (the  "Company"  or  "Maker"),
promises  to  pay  to  BERRA  HOLDINGS LTD., at Chancery Court, Leeward Highway,
Providencials,  Turks  & Caicos, or holder ("Payee"), on or before ____________,
2007  ("Maturity"),  the  sum of ____________ Thousand Dollars ($_____________),
with  interest  on  the  unpaid  principal  balance at the rate of eight percent
(8.0%)  per  annum,  with  principal  and  interest  payable  at  Maturity.

     A  default  ("Event  of Default") shall occur on this Note upon (i) Maker's
failure to make the payment required on this Note; (ii) the filing of a petition
in  bankruptcy  by Maker which is not dismissed within sixty (60) days; or (iii)
the  appointment  of a receiver for Maker; (iv) an assignment for the benefit of
creditors. In the case of an Event of Default, the Payee shall have the right to
declare  the  entire  principal  and  accrued  but  unpaid interest on this Note
immediately  due  and  payable.

     Payee  shall  be  entitled  to collect a reasonable attorneys' fee from the
Maker,  as  well  as other costs and expenses reasonably incurred, in curing any
default  or  attempting  collection  of  the payment due on this Note. This Note
shall  be  payable  in  lawful  money  of  the United States. This Note shall be
governed  by  and  construed  solely in accordance with the laws of the State of
Nevada.  If  any term, provision, covenant, or condition of this Note is held to
be  invalid,  void,  or unenforceable, the rest of the Note shall remain in full
force  and  effect  and  shall  in no way be affected, impaired, or invalidated.

     This  Note  shall be payable in full at any time prior to the maturity date
with  pre-payment  penalty.

     IN  WITNESS  WHEREOF, Maker has executed this Promissory Note as of the day
first  hereinabove  written  at  Irvine,  California.

MAKER:                                 DERMISONICS, INC.

                                       By:
                                          ------------------------
                                          Bruce H. Haglund,
                                          ChairmanExhibit 10.1

    
      

    

    EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPOYMENT AGGREEMENT (“Agreement”)
      is
      made and entered into on February 6, 2006 by and between YP Corp., a Nevada
      Corporation (the “Company”)
      and
      John Raven (“Executive”).
      This
      agreement supersedes any other Agreement between Executive and
      Company.

    

    In
      consideration of the mutual promises, covenants and agreements herein contained,
      intending to be legally bound, the parties agree as follows:

    

    1.    Employment.
      The Company hereby agrees to employ Executive, and Executive hereby
      agrees to serve, subject to the provisions of this Agreement, as an employee
      of
      the Company
      in the positions of Chief Operating Officer and Chief Technical Officer.
      Executive will perform all services and acts reasonably necessary to fulfill
      the
      duties and responsibilities of his position and will render such services on
      the
      terms set forth herein and will report to the Company’s Chief Executive Officer
      (the “CEO”).
      Executive agrees to devote his business time, attention and energies to the
      extent reasonably necessary to perform the duties assigned hereunder, and to
      perform such duties diligently, faithfully and to the best of his abilities.
      It
      is expressly understood and agreed that Executive shall have the right to engage
      in any activities that are generally engaged in by executives of his position
      and status, provided that Executive agrees to refrain from any activity that
      does, will or could reasonably be deemed to conflict with the best interests
      of
      the Company.

    

    2.    Term.
      This Agreement is for the two-year period (the “Term”)
      commencing on the date hereof and terminating on the second anniversary of
      such
      date, or upon the date of termination of employment pursuant to Section 8
      of this Agreement; provided, however, that commencing on the
      second anniversary of the date hereof and each anniversary thereafter the Term
      will automatically be extended for one additional year unless, not later than
      30
      days prior to any such anniversary, either party hereto will have notified
      the
      other party hereto that such extension will not take effect, in which event
      the
      Term shall end on the last day of the then current period.

    

    3.    Place
      of
      Performance. Except for required travel on the Company’s business, Executive
      will perform the majority of his duties and conduct the majority of his business
      on behalf of the Company at the Company’s offices in Mesa, Arizona.

    

    4.    Compensation.

    

    a)    Salary.
      Executive’s salary during the first year of this Agreement will be at the annual
      rate of $181,500 (the “Annual
      Salary”),
      payable in accordance with the Company’s regular payroll practices. All
      applicable withholdings, including taxes, will be deducted from such payments.
      Thereafter, the Annual Salary will be as determined by the Compensation
      Committee of the Board, but shall in no event be less than 110% of the previous
      year’s Annual Salary.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    b)    Bonuses.
      On
      April 1, 2006 Executive shall receive a cash bonus of $50,000. Following the
      commencement of this agreement, either upon a Change of Control as defined
      in
      the Company’s 2003 Stock Plan or when the Company’s publicly traded stock
      reaches $2.00 per share (whichever occurs first), Executive will receive a
      bonus
      of 150,000 shares of the Company’s common stock, $.001 par value per share,
      issued out of the Company’s 2003 Stock Plan and pursuant to the Company’s
      standard form of Restricted Stock Agreement (“Restricted
      Stock”).
      To
      the extent such an event is met, the bonus will be paid to Executive within
      30
      days of the event. All bonuses payable under this Section 4(c) will be
      subject to all applicable withholdings, including taxes.

    

    c)    Office.
      Executive shall be provided with an executive office suitable for his position
      and status.

    

    5.    Business
      Expenses. During the Term, the Company will reimburse Executive for all
      business expenses incurred by him in connection with his employment, upon
      submission by the Executive of receipts and other documentation in conformance
      with the Company’s normal procedures for executives of Executive’s position and
      status.

    

    6.    Vacation,
      Holidays and Sick Leave. During the Term, Executive will be entitled to paid
      vacation (21 business days per calendar year), paid holidays and paid sick
      leave
      in accordance with the Company’s standard policies for its officers, as may be
      amended from time to time.

    

    7.    Benefits.
      During the Term, Executive will be eligible to participate fully in all health,
      disability and dental benefits, insurance programs, pension and retirement
      plans
      and other employee benefit and compensation arrangements (collectively, the
      “Employee
      Benefits”)
      available to senior officers of the Company generally, as the same may be
      amended form time to time by the Board.

    

    8.    Termination
      of
      Employment.

    

    a)    Notwithstanding
      any
      provision of this Agreement to the contrary, the employment of Executive
      hereunder will terminate on the first to occur of the following dates:

    

    i.      
      the date of Executive’s death;

    

    ii.     
the
      date on which Executive has experienced a Disability (as defined below), and
      the
      Company gives Executive notice of termination on account of Disability;

    

    iii.    
the
      date on
      which Executive has engaged in conduct that constitutes Cause (as defined
      below), and the Company gives Executive notice of termination for
      Cause;

    

    iv.    expiration
      of
      the Term without renewal or extension;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    v.     
the
      date on which the Company gives Executive notice of termination for any reason
      other than the reasons set forth in (i) through (iv) above; or 

    

    vi.    
the
      date on
      which Executive gives the Company notice of termination for Good Reason (as
      defined below).

    

    b)    For
      purposes
      of the Agreement, “Disability” will mean an illness injury or other
      incapacitation condition as a result of which Executive is unable to perform,
      with reasonable
      accommodation, the services required to be performed under this Agreement for
      180 consecutive days during the Term. In any such event, the Company, in its
      sole discretion, may terminate this Agreement by giving notice to Executive
      of
      termination for Disability. Executive agrees to submit to such medical
      examinations as may be necessary to determine whether a Disability exists,
      pursuant to such reasonable requests made by the Company from time to time.
      Any
      determination as to the existence of a Disability will be made by a physician
      mutually selected by the Company and Executive.

    

    c)    For
      purposes of the
      Agreement, “Cause” will mean the occurrence of any of the following events, as
      reasonably determined by the Board:

    

    i.    Executive’s
      willful failure to substantially perform his duties hereunder;
      

    

    ii.   Executive’s
      conviction of a felony, or his guilty plea to or entry of a nolo contendere
      plea
      to a felony charge;

    

    iii.         
      the willful engaging by Executive in conduct that is materially injurious to
      the
      Company’s business or reputation; or 

    

    iv.   
        Executive’s breach of
      any material term of this Agreement or the Company’s written policies and
      procedures, as in effect from time to time; provided, however, that with respect
      to (i), (iii), or (iv) above, such termination for Cause will only be effective
      if the conduct constituting Cause is not cured by Executive within 5 days of
      receipt by Executive of notice specifying in reasonable detail the nature of
      the
      alleged breach.

    

    d)    For
      purposes
      of this Agreement, “Good Reason” will mean the occurrence of any of the
      following events, as reasonably determined by Executive: 

    

    i.    the
      failure
      of the Company to pay executive his total Annual Salary and/or bonuses earned
      (not including discretionary bonuses);

    

    ii.       the
      Company’s
      breach of any material term of this Agreement; provided that in all cases
      Executive will have provided the Company with notice and not less than a 15
      calendar day opportunity to cure the conduct that Executive claims constitutes
      Good Reason; and/or

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    iii.    a
      Change of
      Control shall have occurred. For purposes of this Agreement, “Change of Control”
shall have the meaning ascribed to it in the Company’s 2003 Stock
      Plan.

    

    iv.    Additional
      Cause For Termination By Employee.
      In
      addition to

    any
      other
      act or omission by either Party that grants the other Party the right to
      terminate this Agreement, Employee shall have the right to terminate this
      Agreement upon thirty (30) days’ notice in the event that Daniel Coury becomes
      disassociated from YP.Corp. as a director.

    

    9.    Compensation
      in
      Event of Termination. Upon termination of the Term, this Agreement will
      terminate and the Company will have no further obligation to Executive except
      to
      pay the amounts set forth in this Section 9.

    

    a)    In
      the event
      Executive’s employment is terminated pursuant to Sections 8 (a)(i), (ii), (iii),
      or (iv) on or before the expiration of the Term, Executive or his estate,
      conservator or designated beneficiary, as the case may be, will be entitled
      to
      payment of any earned but unpaid Annual Salary for the year in which the
      Executive’s employment is terminated through the date of termination, as well as
      any accrued but unused vacation, reimbursement of expenses and vested benefits
      to which Executive is entitled in accordance with the terms of each applicable
      Employee Benefits plan.

    

    b)    In
      the event
      Executive’s employment is terminated pursuant to Section 8(a)(v) or (vi) on or
      before the expiration of the Term, Executive will be entitled to receive on
      the
      date of termination, as his sole and exclusive remedy, a lump sum amount equal
      to 3 months of payments that Executive would receive under the Agreement if
      his
      employment with the Company had not been terminated, including, but not limited
      to, the annual Salary in effect at the time of termination and bonuses (payable
      at time they would be otherwise be payable), vacation, benefits and
      reimbursement of expenses.

    

    10.    Confidentiality.
      Executive covenants and agrees that he will not at any time during or after
      the
      end of the Term, without written consent of the Company or as may be required
      by
      law or valid legal process, directly or indirectly, use for his own account,
      or
      disclose to any person, firm or corporation, other than authorized officers,
      directors, attorneys, accountants and employees of the Company or its
      subsidiaries, Confidential Information (as hereinafter defined) of the Company.
      As used herein, “Confidential Information” of the Company means information
      about the Company of any kind, nature or description, including but not limited
      to, any proprietary information, trade secrets, data, formulae, supplier, client
      and customer lists or requirements, price lists or pricing structures, marketing
      and sales information, business plans or dealings and financial information
      and
      plans as well as all papers, resumes and records (including computer records)
      that are disclosed to or otherwise known to Executive as a direct or indirect
      consequence of Executive’s employment with the Company, which information is not
      generally known to the public or in the businesses in which the Company is
      engaged. Confidential Information also includes any information furnished to
      the
      Company by a third party with restrictions on its use or further
      disclosure.

    

    11.    Nonsolicitation
      and Noniterference.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    a)    Customers
      and Suppliers. While employed by the Company and for a oneyear period
      thereafter, Executive will not, directly or indirectly, solicit or influence
      or
      attempt to solicit or influence any current or prospective customer, client,
      vendor or supplier of the Company or any of its affiliates or subsidiaries
      to
      divert their business to any Competitor (as defined below) of the Company
      (whether or not exclusive) or otherwise terminate his or its relationship with
      the Company.

    

    b)    Employees.

    

    i.    Executive
      recognizes that, as a result of Executive’s association with the Company, he
      will possess confidential information about other employees or consultants
      of
      the Company and its subsidiaries and affiliates relating to their education,
      experience, skills, abilities, compensation and benefits, and their
      interpersonal relationships with customers. Executive acknowledges and agrees
      that the information he possesses or will possess about these other employees
      or
      consultants is not generally known, is of substantial value to the Company
      and
      its affiliates and subsidiaries in developing its business and in securing
      and
      retaining customers, and is, will be or may be known to Executive because of
      his
      employment with the Company.

    

    ii.    Accordingly,
      Executive agrees that, while employed by the Company and for a one-year period
      thereafter, Executive will not, directly or indirectly, induce, solicit, or
      recruit any employee or consultant of the Company or its subsidiaries or
      affiliates for the purpose of (A) being employed by Executive or by any
      Competitor of the Company or (B) causing such individual to terminate his or
      her
      employment relationship with the Company for any purpose or no
      purpose.

    

    iii.    For
      purposes
      of the Agreement, a “Competitor” will mean any other entity or person that
      provides or proposes to provide services of products similar in kind or purpose
      to those provided or proposed to be provided by the Company during the
      Term.

    

    iv.   The
      provisions of
      Sections 11(a) and (b) above shall not apply in the event that Executive
      terminates the Agreement for Good Reason.

    

    12.    Rights
      and
      Remedies upon Breach. In the event that Executive breaches, or threatens
      to breach, any of the material agreements or material covenants set forth
      herein, the Company will have the right and remedy to seek to obtain injunctive
      relief, it being agreed that any breach or threatened breach of any of the
      confidentiality, nonsolicitation or other restrictive covenants and agreements
      contained herein would cause irreparable injury to the Company and that money
      damages would not provide an adequate remedy at law to the
      Company.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    13.    Dispute
      Resolution. Except for an action exclusively seeking injunctive relief, any
      disagreement, claim or controversy arising under or in connection with this
      Agreement, including Executive’s employment or termination of employment with
      the Company will be resolved exclusively by arbitration before a single
      arbitrator in accordance with the National Rules for the Resolution of
      Employment Disputes of the American Arbitration Association (the “Rules”),
      provided that, the arbitrator will allow for discovery sufficient to adequately
      arbitrate any statutory claims, including access to essential documents and
      witnesses; provided further, that the Rules will be modified by the arbitrator
      to the extent necessary to be consistent with applicable law. The arbitration
      will be identical to those allowed at law. The arbitrator will be entitled
      to
      award reasonable attorneys’ fees to the prevailing party in any arbitration or
      judicial action under the Agreement, consistent with applicable law. The Company
      and Executive each will pay its or his own attorneys’ fees and costs in any such
      arbitration, provided that, the Company will pay for any costs, including the
      arbitrator’s fee, that Executive would not have otherwise incurred if the
      dispute were adjudicated in a court of law, rather than through
      arbitration.

    

    14.    Binding
      Agreement.

    

    a)    This
      Agreement is a personal contract and the rights and interests of Executive
      hereunder may not be sold, transferred, assigned, pledged, encumbered or
      hypothecated by him, provided that all rights of the Executive hereunder shall
      inure to the benefit of, and be enforceable by executive’s personal or legal
      representative, executors, heirs, administrators, successors, distributors,
      devisees and legatees.

    

    b)    In
      addition
      to any obligations impose by law upon any successor to Company (whether direct
      or indirect, by purchase, merger, consolidation, or otherwise) to all or
      substantially all of the assets of Company, by agreement in form and substance
      satisfactory to Executive, to expressly assume and agree to perform this
      Agreement in the same manner and to the same extent that the Company would
      by
      required to perform if no such succession had taken place.

    

    15.    Disclosure
      Obligations. During the Term, Executive agrees to make prompt and full
      disclosure to the Company of any change of facts or circumstances that may
      affect Executive’s obligations undertaken and acknowledged herein, and Executive
      agrees that the Company has the right to notify any third party of the existence
      and content of Executive’s obligations hereunder.

    

    16.    Return
      of
      Company Property. Executive agrees that following the termination of his
      employment for any reason, he will promptly return all property of the Company,
      its subsidiaries, affiliates and any divisions thereof he may have managed
      that
      is then in or thereafter comes into his possession, including, but not limited
      to, documents, contracts, agreements, plans, photographs, books, notes,
      electronically stored data and all copies of the foregoing, as well as any
      materials or equipment supplied by the Company to Executive. 

    

    17.    Entire
      Agreement. This Agreement contains all the understandings between the
      parties hereto pertaining to the matters referred to herein, and supersedes
      all
      undertakings and agreements, whether oral or written, previously entered into
      by
      them with respect thereto. Executive represents that, in executing this
      Agreement, he does not rely, and has not relied, on any representation or
      statement not set forth herein made by the Company with regard to the subject
      matter, bases or effect of this Agreement or otherwise.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    18.    Amendment
      or Modification, Waiver. No provision of this Agreement may be amended or
      waived unless such amendment or waiver is agreed to in writing, signed by
      Executive and by a duly authorized officer of the Company. The failure of either
      party to this Agreement to enforce any of its terms, provisions or covenants
      will not be construed as a waiver of the same or of the right of such party
      to
      enforce the same. Waiver by either party hereto of any breach or default by
      the
      other party of any term or provision of this Agreement will not operate as
      a
      waiver of any other breach or default.

    

    19.    Notices.
      Any
      notice to be given hereunder will be in writing and will be deemed given when
      delivered personally, sent by courier or fax or registered or certified mail,
      postage prepaid, return receipt requested, addressed to the party concerned
      at
      the address indicated below or to such other address as such party may
      subsequently give notice of hereunder in writing:

    

    To
      Executive at:

    

    John
      Raven

    Mesa,
      AZ

    YP
      Corp.

    Suite
      105

    4840
      E
      Jasmine Street

    Mesa,
      Arizona 85205-3321

    Phone:
      (480) 654-9646

    Fax:
      (480) 325-1257

    

    To
      the
      Company at:

    

    YP
      Corp.

    Suite
      105

    4840
      East
      Jasmine Street

    Mesa,
      Arizona 85205-3321

    Phone:
      (480) 654-9646

    Fax:
      (480) 325-1257

    Attention:
      Board of Directors

    

    Any
      notice delivered personally or by courier under this Section will be deemed
      given on the date delivered. Any notice sent by fax or registered or certified
      mail, postage prepaid, return receipt requested, will be deemed given on the
      date faxed or mailed. Each party may change the address to which notices are
      to
      be sent by giving notice of such change in conformity with the provisions of
      the
      Section.

    

    20.    Severability.
      In the event that any one or more of the previsions of this Agreement will
      be
      held to be invalid, illegal or unenforceable, the validity, legality and
      enforceability of the remainder of the Agreement will not in any way be affected
      or impaired thereby. Moreover, if any one or more of the provisions contained
      in
      the Agreement will be held to be excessively broad as to duration, activity
      or
      subject, such provisions will be construed by limiting and reducing them so
      as
      to be enforceable to the maximum extent allowed by applicable
      law.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    21.    Survivorship.
      The respective rights and obligations of the parties hereunder will survive
      any
      termination of this Agreement to the extent necessary for the intended
      preservation of such rights and obligations.

    

    22.    Each
      Party
      the Drafter. This Agreement and the provisions contained in it will not be
      construed or interpreted for or against any party to this Agreement because
      that
      party drafted or caused that party’s legal representative to draft any of its
      provisions.

    

    23.    Governing
      Law. This Agreement will be governed by and construed in accordance with the
      laws of the State of Arizona, without regard to its conflicts of laws
      principles.

    

    24.    Heading.
      All
      descriptive headings of sections and paragraphs in this Agreement are intended
      solely for convenience, and provision of this Agreement is to be construed
      by
      reference to the heading of any section or paragraph.

    

    25.    Counterparts.
      This Agreement may be executed in counterparts, each of which will be deemed
      an
      original, but all of which together will constitute one and the same
      instrument.

    

    

    [REMAINDER
      OF PAGE INTENTINOALLY LEFT BLANK]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

     

    
      	
              YP
                CORP., a Nevada corporation

            	 	
              Executive

            
	 	 	 
	 	 	 
	
              Daniel
                L. Coury

            	 	
              John
                Raven

            
	
              Chairman
                of the Board

            	 	 

    

    

    

    [JOHN
      RAVEN EMPLOYMENT AGREEMENT]

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