Document:

Exhibit 10.6 (9/21/11)

EMPLOYMENT AGREEMENT

This Employment Agreement ("Agreement") is made effective as of the 29 day of June, 2011 (the "Effective Date"), by and between DIGITILITI, INC., a Delaware corporation (the "Company"), and Jack Scheetz ("Executive").

WHEREAS, the Company desires to retain the services of Executive for and on behalf of Company as Company's Interim President and Chief Executive Officer ("CEO") until Company hires and employs a new President and CEO, on the terms and subject to the conditions set forth herein;

WHEREAS, the Company and certain investors are entering into the Junior Secured Convertible Promissory Note and Warrant Purchase Agreement dated even date herewith ("Purchase Agreement"), which requires the Company and Executive to enter into this Agreement upon the Closing of the First Tranche (all words capitalized but not defined in this Agreement shall have the meanings attributed to them under the Purchase Agreement); and

WHEREAS, each of the parties acknowledge that they are receiving good and valuable consideration for entering into this Agreement, and Executive acknowledges that this Agreement, including the confidentiality, non-competition and non-disclosure agreements set forth hereinbelow, were negotiated between the parties hereto and that Executive received bargained-for consideration in the form of benefits resulting to Executive from the terms and conditions of such employment, in exchange for entering into this Agreement.

NOW THEREFORE, in consideration of the foregoing premises, mutual covenants and obligations contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.Employment. Subject to the terms and conditions of this Agreement, including without limitation, Sections 5 and 6 of this Agreement, the Company hereby employs Executive, and Executive hereby accepts employment with the Company, as its Interim President and CEO, subject to the supervision of the Board of Directors of Company.

1.1Services. Executive shall perform all duties and obligations charged to Executive by the Board of Directors of Company, as the same may be determined from time to time. The Board of Directors shall assure adequate time, resources, and authority for Executive to achieve goals mutually agreed upon by Company and Executive.

1.2Time and Effort.

a)Executive agrees to devote substantially all of his working time and to give his best effort to performing his duties on behalf of Company. Executive shall perform the duties and obligations required of Executive hereunder in a competent, efficient, and satisfactory manner at such hours and under such conditions as the performance of such duties and obligations may require.

b)Subject to the obligations of Executive under this Section 1, Executive may serve on the Board of Directors or Board of Governors of any other entity; provided the Board of Directors, in its sole discretion, authorizes Executive to undertake such activity in writing prior to Executive's appointment or election to such position or ratifies any current and on~going positions.

1.3Certificate of Incorporation and By-Laws. Executive shall act in accordance with and abide by the Certificate of Incorporation of Company, the Bylaws of Company, and all decisions of the Board of Directors of Company.

2.Term. This Agreement shall take effect upon commencement of employment and shall remain in effect until terminated in accordance with Section 9. Upon termination of this Agreement, except as otherwise provided herein, neither the Company nor Executive shall have any further rights, duties, privileges, or obligations hereunder.

3.Compensation. During the term of this Agreement, Company shall compensate Executive as follows, provided that the compensation terms in this Section 3 are agreed to by the Investors under the Purchase Agreement and ratification by Company's Board of Directors.

3.1.Salary.  In exchange for the provision of services, Executive's base salary shall be Fourteen Thousand Two Hundred Fifty Dollars ($14,250.00) per month ("Base Salary"). Payment of fifty percent (50%) of the Base Salary, which equals Seven Thousand One Hundred Twenty-Five Dollars ($7,125.00) (the "Monthly Deferred Base Salary 

Payment"), will be·deferred until Company hires a new President and CEO. After the Company hires a new President and CEO, the Monthly Deferred Base Salary Payment shall be paid each month for the number of months equal to the period of deferral, which shall not exceed six months. After six months from the effective date of this Agreement, if Executive is still serving as Company's Interim President and CEO, then the Company shall pay Executive $14,250.00 per month until the Company hires a new President and CEO or Executive is terminated earlier under the terms of this Agreement, plus the Company shall pay Executive the Monthly Deferred Base Salary Payment each month for six months. Executive's compensation under this Section 3.1. will be subject to standard withholdings and deductions and will be paid in accordance with the general practices of the Company.

3.2.Bonus Payments. In the event that Company enters into an agreement for DigiLIBE with the United States Army or Honeywell International Inc. (a "DigiLIBE Agreement") during the first three months after the Effective Date of this Agreement, Executive shall be paid bonus payments equal to Four Percent (4%) of the recognized monthly revenue from the DigiLIBE Agreement for a period of two years, commencing on the date on which Company enters into the DigiLIBE Agreement. In the event that Company enters into a DigiLIBE Agreement during the first month after the Effective Date of this Agreement, Executive shall be paid bonus payments equal to Six Percent (6%) for the first year and Four Percent (4%) for the second year of the recognized monthly revenue from the DigiLIBE Agreement, commencing on the date on which Company enters into the DigiLIBE Agreement.

3.3.Benefits. Company will provide Executive with any of Company's standard benefit policies or plans, according to their terms. These policies may be modified or terminated from time to time by Company, but not retroactively. The written terms of the policies shall govern any questions of eligibility, coverage, and duration of coverage.

3.4.Equity Compensation. Executive shall be entitled to receive warrants as follows:

a)A five-year warrant to purchase One Hundred Fifty Thousand (150,000) shares of Company common stock to be granted on the Effective Date of this Agreement, exercisable at a price of $0.06 per share.

b)A five-year warrant to purchase an additional One Hundred Fifty Thousand (150,000) shares of Company common stock to be granted at the time of the Closing of the Second Tranche, as such term is defined in the Purchase Agreement, with such warrant exercisable at the market price per share as of the date of grant

c)A five-year warrant to purchase an additional Forty Thousand (40,000) shares of Company common stock for each $100,000 increment above the $500,000 Minimum of securities sold in the Second Tranche, up to a maximum total 200,000 additional shares, to be granted at the time of the Closing of the Second Tranche, with such warrant exercisable at the market price per share as of the date of grant. 

d)The exercise of any of these warrants shall be subject to the Company having a sufficient number of shares of common stock authorized but unissued. Upon the Closing of the Second Tranche, if the Company's Articles of Incorporation does not then authorize a sufficient number of shares of common stock to cover the exercise of these warrants, as well as the conversion and exercise of the securities sold under the Purchase Agreement, the Company shall hold the shareholder meeting as referenced in Section 7(d) of the Purchase Agreement and propose an amendment to the Articles of Incorporation to increase the number of authorized shares by a sufficient amount for approval by the shareholders at such shareholder meeting.

4.Expenses. Company will reimburse Executive for any and all ordinary, necessary and reasonable business expenses that Executive incurs in connection with the performance of Executive's duties under this Agreement. Executive shall be required to comply with Company's policies and procedures regarding expense reimbursement, including documentation for such expenses in a form sufficient to sustain Company's deduction for such expenses under the Internal Revenue Code and in compliance with Company policy. Any reimbursement request made pursuant to this Section 4 shall be subject to review and approval by the Company's Chief Financial Officer.

5.Use and Return of Confidential Information. Except as permitted by the Company's Board of Directors, Executive shall not divulge, furnish or make accessible to anyone or use in any way (other than in the ordinary course of the business of the Company) any confidential or secret knowledge or information of the Company that Executive will acquire during the period of his employment by the Company, whether developed by himself or by others, concerning any (i) trade secrets; (ii) confidential or secret designs, processes, formulae, plans, devices or material (whether or not patented or patentable) directly or 

indirectly useful in any aspect of the business of the Company; (iii) customer or supplier lists of the Company; (iv) confidential or secret development or research work of the Company; or (v) other confidential information or secret aspects of the business of the Company. Executive acknowledges that the above described knowledge or information constitutes a unique and valuable asset of the Company and represents a substantial investment of time and expense by the Company, and that any disclosure or other use of such knowledge or information other than for the sole benefit of the Company would be wrongful and would cause irreparable harm to the Company. During the tenn of this Agreement, Executive will refrain from any acts or omissions that would reduce the value of such knowledge or information to the Company_ The foregoing obligations of confidentiality shall not apply to any knowledge or information that (x) is now or subsequently becomes generally publicly known in the form in which it was obtained from the Company, (y) is independently made available to Executive in good faith by a third party who has not violated a confidential relationship with the Company, or (z) is required to be disclosed by legal process, other than as a direct or indirect result of the breach of this Agreement by Executive. Upon the termination of Executive's employment with Company, Executive shall promptly deliver to Company (i) all records, manuals, books, documents, letters, reports, data, tables, calculations, and all copies of any of the foregoing which are the property of Company or which relate in any way to the customers, business, practices, or techniques of Company; and (ii) all other property of Company and Confidential Infonnation which, in any of these cases, are in his possession or under his control.

6.Restrictive Covenants. During the term of Executive's employment with the Company, and for a period of one (1) year thereafter, Executive will not:

a.own, manage, operate or control, or participate in the ownership, management, operation or control of: or be employed by, or act as a consultant or advisor to or be connected in any manner with, any corporation, person, finn or other entity that manufactures, distributes, or sells products or services similar to any product or service which is or has been sold by the Company or any of its affiliates; provided, however, this section will not apply to business activities conducted by Executive for the entity named JS Consulting Group;

b.solicit customers, or the business of any person, finn, corporation or other entity who shall have been a customer or account of any office or location of the Company or any of the Company's affiliates (whether currently in existence or opened during Executive's employment). or any customer or account of Company or any of Company's affiliates, for the purpose of selling to such customer or account any product or service which is or has been sold by Company or any of its affiliates; or

c.induce or attempt to induce any employee of or consultant to the Company to do any of the foregoing or to discontinue such person's association with the Company.

7.Remedies for Violation. If Executive violates this Agreement, the Company will suffer irreparable harm for which there is no adequate remedy at law, and Executive therefore consents to the issuance of any injunction or other equitable relief of the Company enjoining any violation of this Agreement, which relief shall be in addition to any other remedies available to Company, including without limitation, Company's right to the costs and attorney fees incurred by Company to enforce this Agreement.

8.Work for Hire. Executive acknowledges that all Work Product, as deflned below, created during Executive's employment with the Company is a "work made for hire" as defined by U.S. copyright laws, as is owned by the Company. Work Product includes but is not limited to, all discoveries, improvements, processes, developments, designs, know-how, data, computer programs and formulae, whether patentable or unpatentable or protectable by copyright or other intellectual property law. If any Work Product does not qualify as a ''work made for hire," Executive shall, and hereby does assign all rights, title and interest in the non-qualifying Work Product to the Company, including all copyrights, patents, trademarks, and other proprietary rights. On request, Executive will take such steps as are necessary to enable the Company to record such assignment at its expense. 

Any provision in this Agreement requiring Executive to assign his rights to any Work Product does not apply to inventions which qualify for exclusion under Minnesota Statutes section 181.78. That section provides that the requirement to assign "does not apply to an invention for which no equipment, supplies, facility or trade secret information of the employer was used and which was developed entirely on the employee's own time, and (1) which does not relate (a) directly to the business of the employer or (b) to the employer's actual or demonstrably anticipated research or development, or (2) which does not result from any work perfonned by the employee for the employer." Executive understands that it is his obligation to promptly disclose (i) any Work Product that he created prior to his employment with the Company that he believes should not be subject to this Agreement; and (ii) any Work Product that he created during his employment with the Company that he believes should not be subject to this Agreement. If Executive does not promptly disclose any Work Product that he believes should
not be subject to this Agreement, Executive acknowledges that such non-disclosure will be considered a representation that he 

has created no such Work Product prior to signing this Agreement, and that, during the course of his employment with the Company, he created no such Work Product.

9.Termination. This Agreement may be terminated (i) by the Executive prior to the hiring of a new President and CEO upon 30 days notice to the Company; (ii) immediately upon the death or incapacity of Executive; (iii) by the Company for "Good Cause," as defined herein; or (iv) by the Company, effective as of the hiring and employment of a new President and CEO by the Company. For purposes of this Section 9 of this Agreement, "Good Cause" shall mean: (a) engaging in acts of dishonesty at the expense of the Company, including but not limited to theft or embezzlement; or (b) engaging in conduct constituting a felony.

10.Miscellaneous.

10.1Notices. All notices, requests, and other communications shall be in writing, and except as otherwise provided herein, shall be considered to have been delivered if personally delivered or when deposited in the United States Mail, first class, certified or registered, postage prepaid, return receipt requested, addressed to the proper party at its address as set forth below, or to such other address as such party may hereafter designate by written notice to the other party:

a) If to Company, to: Digitiliti, Inc.
      266 East 7th Street, 4th Floor
      St. Paul, MN 55101
      ATTN: Chief Financial Officer
b) If to Executive, to: Interim President
       Digitiliti, Inc.
       266 East 7th Street, 4th Floor
       St. Paul, MN 55101

10.2. Successors and Assigns. This Agreement is binding on and inures to the benefit
of the Company's successors and assigns, provided, however, that this Agreement may
not be assigned by any of the parties hereto without the prior written consent of each of
the parties hereto. This Agreement shall be binding upon and inure to the benefit of any
successor of the Company, including a purchaser of either the stock or assets of the
Company, and any such successor shall absolutely and unconditionally assume all of the
Company's obligations hereunder.
10.3. Counterparts. This Agreement may be executed in one or more counterparts, each
of which shall be deemed to be an original but all of which together shall constitute one
and the same instrument.
1004. Construction. Wherever possible, each provision of this Agreement will be
interpreted so that it is valid under the applicable law. If any provision of this Agreement
is to any extent invalid under the applicable law, that provision will still be effective to
the extent it remains valid. The remainder of this Agreement also will continue to be
valid, and the entire Agreement will continue to be valid in other jurisdictions.
10.5. Waivers. No failure or delay by either the Company or Executive in exercising
any right or remedy under this Agreement will waive any provision of this Agreement,
nor will any single or partial exercise by either the Company or Executive of any right or
remedy under this Agreement preclude either of them from otherwise or further
exercising these rights or remedies, or any other rights or remedies granted by any law or
any related document.
10.6. Captions. The headings in this Agreement are for convenience of reference only
and do not affect the interpretation of this Agreement.
10.7. ModificationlEntire Agreement. This Agreement may not be altered, modified or
amended except by an instrument in writing signed by all of the parties hereto. No
person, whether or not an officer, agent, employee or representative of any party, has
made or has any authority to make for or on behalf of that party any agreement,
representation, warranty, statement, promise, arrangement or understanding not expressly
-6-
set forth in this Agreement or in any other document executed by the parties concurrently
herewith. This Agreement constitutes the entire agreement between the parties on the
subject matters contained herein and supersedes all express or implied, prior or

concurrent, with respect to the subject matter hereof.
10.8. Governing Law. The laws of the State of Minnesota shall govern the validity,
construction and performance of this Agreement. Courts in the State of Minnesota shall
be the exclusive forum for resolving any disputes relating to this Agreement.

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

JACK SCHEETZ: 
DIGITILITI, INC.
610S212v3
-7-exh10-1.htm

SHARE AND DEBT CANCELLATION AGREEMENT

THIS SHARE AND DEBT CANCELLATION AGREEMENT (the "Agreement") is entered into as of this 21st day of July 2011, by and between One World Holdings, Inc., formerly Environmental Safeguards, Inc., a Nevada corporation (the "Company"), and James S. Percell, an individual (“Percell”), upon the following premises:

W I T N E S S E T H:

WHEREAS, contemporaneously with the execution of this Agreement, a Share Exchange Agreement (the “Share Exchange Agreement”) will be executed by and between the Company, The One World Doll Project, Inc., a Texas corporation ("One World"), and the shareholders of One World (collectively the "One World Shareholders"); and

WHEREAS, pursuant to a Securities Purchase Agreement dated December 30, 2004 by and among Percell, Cahill Warnock Strategic Partners Fund, L.P. (“Cahill Warnock”) and Strategic Associates, L.P. (“Strategic Associates”), Percell purchased from Cahill Warnock 1,722,900 shares of Series B Convertible Preferred Stock, 182,732 shares of Series D Convertible Preferred Stock, 599,717 shares of common stock of the Company, and a Promissory Note payable by the Company dated July 16, 2002, as amended, in the original principal amount of $236,875, plus interest thereon, and Percell purchased from Strategic Associates 95,464 shares of Series B Convertible Preferred Stock, 10,125 shares of Series D Convertible Preferred Stock, 33,230 shares of common stock of the Company, and a Promissory Note payable by the Company dated July 16, 2002, as amended, in the original principal amount of $13,125, plus interest thereon; and

WHEREAS, on July 14, 2011, Percell converted 192,857 shares of Series D Convertible Preferred Stock and all accrued but unpaid dividends on the Series D Convertible Preferred Stock into shares of Common Stock; and

WHEREAS, Percell is currently the beneficial owner of 1,818,364 shares of Series B Convertible Preferred Stock of the Company and an aggregate of 9,877,110 shares of common stock, $.001 par value, of the Company (“Common Stock”); and

WHEREAS, as of June 30, 2011, the Company owes Percell $533,177 in incurred but unpaid interest on the accrued but unpaid dividends owed to Percell prior to the conversion of Series D Convertible Preferred Stock; and

WHEREAS, Percell and the parties to the Share Exchange Agreement desire that Percell cancel (i) all of his outstanding shares of Series B Convertible Preferred Stock of the Company, (ii) certain of his shares of Common Stock and (iii) the two promissory notes purchased from Cahill Warnock and Strategic Associates and (iv) all incurred but unpaid interest on the accrued but unpaid dividends owed to Percell on the Series D Convertible Preferred Stock prior to conversion, as set forth herein, immediately upon consummation of the closing of the transactions contemplated by the Share Exchange Agreement; and

 

  

  

  

WHEREAS, as a significant shareholder of the Company, Percell will benefit from the transactions contemplated by the Share Exchange Agreement; and

WHEREAS, the parties to the Share Exchange Agreement require that Percell enter into this Agreement as a condition to their entry into the Share Exchange Agreement; and

WHEREAS, to induce the parties to the Share Exchange Agreement to enter into the Share Exchange Agreement and to complete the transactions contemplated thereby, Percell has agreed to enter into this Agreement; and

NOW THEREFORE, in consideration of the mutual terms and conditions herein contained, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.           Cancellation of Percell Shares of the Company.  At Closing of the Share Exchange Agreement (as defined in Section 1.02 of the Share Exchange Agreement), Percell hereby agrees to and does hereby assign, transfer, convey and deliver to the Company, free and clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature or description, (i) an aggregate of 1,818,364 shares of Series B Convertible Preferred Stock of the Company, and (ii) an aggregate of 6,256,760 shares of Common Stock of the Company.  Upon transfer, (i) both the 1,818,364 shares of Series B Convertible Preferred Stock and the 6,256,760 shares of Common Stock will be immediately cancelled by the Company, and (ii) Percell will own no shares of Series B Convertible Preferred Stock, and (iii) Percell will retain and beneficially own an aggregate of 3,620,350 shares of Common Stock held of record (which excludes 15,400 shares of common stock beneficially held in street name and excludes any other shares of common stock which may be beneficially held in street name), including 3,495,350 shares held directly by Percell and 125,000 shares held indirectly through Bugatti Investments Limited (an entity owned and controlled by Percell).

2.           Cancellation of Outstanding Interest on Dividends.  At Closing of the Share Exchange Agreement, Percell hereby agrees to and does hereby relinquish all rights to and cancels all accrued but unpaid interest that the Company owes him on the accrued but unpaid dividends from the Series D Convertible Preferred Stock, which dividends the Company previously owed to Percell prior to his conversion of the dividends (along with the shares of Series D Convertible Preferred Stock) on July __. 2011.

3.           Cancellation of Promissory Notes.  At Closing of the Share Exchange Agreement, Percell hereby agrees to and does hereby relinquish and cancel (i) the Promissory Note payable by the Company dated July 16, 2002, as amended by allonges or any other amendments, in the original principal amount of $236,875, plus any and all accrued but unpaid interest due and payable thereon, and (ii) the Promissory Note payable by the Company dated July 16, 2002, as amended by allonges or any other amendments, in the original principal amount of $13,125, plus any and all accrued but unpaid interest due and payable thereon; whereby all obligations of Company under the Promissory Notes, including but not limited to the obligations to pay principal and interest thereon will be terminated.

 

  

  

  

4.           Representations and Warranties of Percell.  As an inducement to and to obtain the reliance of the Company, Percell hereby represents and warrants to the Company, as of the Closing Date of the Share Exchange Agreement (as defined in Section 1.02 of the Share Exchange Agreement), as follows:

 

                (a)          Ownership of the Company Shares. Immediately prior to effecting the cancellation of the shares held by Percell as set forth in Section 1 hereof, Percell owns, beneficially and of record, (i) an aggregate of 1,818,364 shares of Series B Convertible Preferred Stock of the Company held directly by Percell, and (ii) an aggregate of 9,877,110 shares of Common Stock of the Company, including 9,752,110 shares held directly by Percell and 125,000 shares held indirectly through Bugatti Investments Limited (an entity owned and controlled by Percell); except for restrictions imposed by federal and state securities laws: (i) such shares are beneficially owned by Percell free and clear of any liens, claims, equities, charges, options, rights of first refusal, or encumbrances; (ii) Percell has the unrestricted right and power to transfer, convey and deliver full ownership of such shares; and, (iii) upon the transfer to the Company of such shares set for in Section 1 as contemplated herein, the Company will receive good and valid title thereto, free and clear of any liens, claims, equities, charges, options, rights of first refusal, encumbrances or other restrictions.

 

                (b)           Ownership of the Promissory Notes. Immediately prior to effecting the cancellation of the Promissory Notes as set forth in Section 3 hereof, Percell owns, beneficially and of record, (i) the Promissory Note payable by the Company dated July 16, 2002, as amended, in the original principal amount of $236,875, plus interest thereon, and (ii) the Promissory Note payable by the Company dated July 16, 2002, as amended, in the original principal amount of $13,125, plus interest thereon. Such Promissory Notes (i) are beneficially owned by Percell free and clear of any liens, claims, equities, charges, options, rights of first refusal, or encumbrances and (ii) Percell has the unrestricted right and power to relinquish and cancel the Promissory Notes.

 

                (c)           Authorization. Percell is of the full age of majority, with full power, capacity and authority to enter into this Agreement and perform the obligations contemplated hereby. All action on the part of Percell necessary for the authorization, execution, delivery and performance of this Agreement by Percell has been taken or will be taken prior to the Closing. This Agreement constitutes a valid and binding obligation of Percell, enforceable against Percell in accordance with its terms, subject to bankruptcy, insolvency, reorganization, and other laws of general application relating to or affecting creditors' rights and to general equitable principles.

 

  

  

  

 

                (d)            Pending Claims. There is no claim, suit, action or proceeding, whether judicial, administrative or otherwise, pending or, to the best of the knowledge of Percell, threatened that would preclude or restrict the performance of this Agreement by Percell.

 

                (e)            No Default. The execution, delivery and performance of this Agreement by Percell does not and will not constitute a violation or default under or conflict with any contract, agreement, understanding or commitment to which Percell is a party or by which Percell is bound.

 

5.           Choice of Law.  This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without regard to principles of conflict of laws.  In any action between or among any of the parties, whether arising out of this Agreement or otherwise, each of the parties irrevocably consents to the exclusive jurisdiction and venue of the federal and state courts located in Harris County, Texas.

6.           Entire Agreement.  This Agreement, the documents to be executed hereunder constitute the entire agreement among the parties hereto pertaining to the subject matter hereof and supersede all prior agreements, understandings, negotiations and discussions, whether oral or written, of the parties pertaining to the subject matter hereof, and there are no warranties, representations or other agreements among the parties in connection with the subject matter hereof except as specifically set forth herein or in documents delivered pursuant hereto.  No supplement, amendment, alteration, modification, waiver or termination of this Agreement shall be binding unless executed in writing by the parties hereto.  All of the exhibits and schedules referred to in this Agreement are hereby incorporated into this Agreement by reference and constitute a part of this Agreement.

7.           Execution.  This Agreement may be executed in multiple counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign the same counterpart.  In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “.pdf” format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

8.           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 will be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

  

  

  

 

                9.           Assignment; Successors and Assigns.  Except as otherwise provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the heirs, devisees, successors and permitted assigns of the parties hereto.  No party hereto may assign its rights or delegate its obligations under this Agreement without the prior written consent of the other parties hereto, which consent will not be unreasonably withheld.

10.         Attorney Review – Construction.  In connection with the negotiation and drafting of this Agreement, the parties represent and warrant to each other that they have had the opportunity to be advised by attorneys of their own choice and, therefore, the normal rule of construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation of this Agreement or any amendments hereto.

11.         Section Headings.  The section and subsection headings in this Agreement are used solely for convenience of reference, do not constitute a part of this Agreement, and shall not affect its interpretation.

12.         Further Assurances.  Each party covenants that at any time, and from time to time, after the Closing Date, it will execute such additional instruments and take such actions as may be reasonably be requested by the other parties to confirm or perfect or otherwise to carry out the intent and purposes of this Agreement.

 

[Remainder of page intentionally left blank.  Signatures follow.]

 

  

  

  

 

IN WITNESS WHEREOF, the undersigned have executed this Agreement to become effective as of the date first set forth above.

	 	
ONE WORLD HOLDINGS, INC., formerly

	 
	 	
ENVIRONMENTAL SAFEGUARDS, INC.

	 
	 	 	 	 
	
Date: July 21, 2011

	
By: 

	/s/ Michael D. Thompson	 
	 	 	Michael D. Thompson	 
	 	 	 	 

	 	 	 	 
	
Date: July 21, 2011

	
By: 

	/s/ James S. Percell	 
	 	 	James S. Percell,	 
	 	 	Individually

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