Document:

EMPLOYMENT AGREEMENT

             

            
            EMPLOYMENT AGREEMENT (this
            “Agreement”), dated
            effective as of the laws of the State of Pennsylvania (the
            “Company”), and
            Stephen P. Cutler and individual residing at 1716, unit 2801A, M.H. Del Pilar
            Street, Malate, Manila, Philippines (the
            “Employee”).

             

            W
            I T N E S S E T H:

             

            
            WHEREAS, the Company wishes to employ the
            Employee upon the terms and subject to the conditions set forth herein, and the
            Employee desires to enter into this Agreement and accept such employment, upon such
            terms and conditions.

             

            
            NOW, THEREFORE, in consideration of the
            mutual covenants and promises contained herein, the parties hereto, each intending to
            be legally bound hereby, agree as follows:

             

            
            1.          
            Employment. Subject to the terms and
            conditions set forth herein, the Company shall employ the Employee as President and
            Chief Executive Officer of the Company and the Employee accepts such employment for the
            Employment Term (as defined in Section 3). During the Employment Term, the
            Employee shall perform the duties consistent with such office and such other duties as
            may from time to time be assigned to him by the Board of Directors of the Company (the
            “Board”).

             

            
                	
                            
                             

                        	
                            
                            2.

                        	
                            
                            Performance.

                        

            

             

            
            (a)        During the Employment
            Term, the Employee shall perform and discharge the duties that may be assigned to him
            by the Board from time to time in accordance with this Agreement, and the Employee
            shall devote his best talents, efforts and abilities to the performance of his duties
            hereunder.

            
             

            
            (b)       During the Employment Term,
            the Employee shall perform such duties on a full-time basis, and the Employee shall
            have no other paid employment, or other outside business activities whatsoever (other
            than in connection with MobiClear or any other affiliate of the Company) that require
            devotion of significant time or effort to the detriment of the Company; provided,
            however, that the Employee shall not be precluded from making passive investments which
            do not require the devotion of any significant time or effort.

             

            
            3.          
            Employment Term. Unless earlier terminated
            pursuant to Section 6, the employment term shall begin on April 30, 2008 (the
            “Effective Date”), and
            shall continue for a period of one (1) year from such date (the
            “Initial Term”);
            provided that such term shall be automatically extended for additional periods of one
            (1) year commencing on May 01, 2009 and each May 1st thereafter
            (such period the “Additional
            Term”) unless either party shall have given notice to
            the other party that such party does not desire to extend the term of this Agreement.
            Any such notice must comply with Section 10 and be given at least forty five (45)
            days prior to the end of the Initial Term or the Additional Terms, as applicable (the
            Initial Term and the Additional Term or Terms, if applicable, shall be known
            collectively as the “Employment
            Term”). Notwithstanding anything in this Agreement to
            the Contrary, the Employment Term shall end on the Termination Date as defined in
            Section 6(g).

             

            
            

            

            

            
                            
            4.Compensation.

             

            
            (a)        
            Base Salary. As compensation for services
            hereunder and in consideration of the Employee’s other agreements hereunder,
            during the Employment Term, the Company shall pay the Employee a base salary, payable
            in accordance with the customary payroll practices of Company procedures, at a monthly
            rate of 10 000 Dollars ($ 10 000.00), subject to review by the
            Board no less frequently than annually for increases (such base salary, as increased
            from time to tome being hereinafter referred to as “Base
            Salary”).

            
             

            
            (b)       As set out in
            section 11 (e) any withholding and other applicable taxes in the United
            States, and the Philippines, shall be paid by the company.

            
             

            
            (c)        
            Shares. As compensation for services
            hereunder and in consideration of the Employee’s other agreements hereunder,
            during the Employment Term, the Company shall, provided that the Company is satisfied
            with the performance of the Employee and furnish and grant the Employee with shares
            corresponding to 6 million shares, issued after a minimum of three months of
            employment.

            
             

            
            (d)       
            Option package. As compensation for
            services hereunder and in consideration of the Employee’s other agreements
            hereunder, during the Employment Term, the Company shall, provided that the Company is
            satisfied with the performance of the Employee shall furnish the Employee with an
            option package corresponding to a grant of options to purchase up to 24 million
            shares of common stock, granted after a minimum of three months and a grant of an
            additional 6 million shares on each of the first, second and third anniversary
            dates of commencement of employment (on proviso) that he is still employed as CEO of
            Mobiclear) The share price used as basis for the calculation of the option package
            should be the price that is valid at the date of this agreement.

             

            
            5.          
            Benefits. During the Employment Term, the
            Company shall provide the Employee with the following benefits:

            
             

            
            (a)        
            Vacation, Sick Leave. The Employee shall be
            entitled five weeks of paid vacation during each full calendar year of the Employment
            Term (and a pro rata portion thereof for any portion of the Employment Term that is
            less than a full calendar year); provided that no single vacation may exceed two
            consecutive weeks in duration. Unused vacation may not be carried over to successive
            years.

             

            
            (b)       
            Expenses. The Employee shall be reimbursed
            by the Company for all reasonable expenses actually incurred or paid by him in
            connection with the performance of his duties hereunder in accordance with policies
            established by the Company from time to time and upon presentation of expense
            statements and/or such other supporting information as the Company may reasonably
            require.

             

            
            6.          
            Termination. The employment hereunder of
            the Employee may be terminated prior to the expiration of the Employment Term in the
            manner described in this Section 6.

            
             

            
            (a)        Termination by the
            Company for Good Cause. The Company shall have the right to terminate the employment of
            the Employee for Good Cause (as such term is defined in Section 6(j)(ii)) by
            written notice to the Employee specifying the particulars of the circumstances forming
            the basis for such Good Cause.

             

            
            2

             

            
            

            

            

            
            (b)       
            Termination Upon Death. The employment of
            the Employee hereunder shall terminate immediately upon his death.

            
             

            
            (c)        
            The Company’s Options upon
            Disability. If the Employee becomes physically or mentally
            disabled during the Term so that he is unable to perform the services required of him
            pursuant to this Agreement for a period of three (3) successive months, or an aggregate
            of three (3) months in any twelve-month period (the
            “Disability Period”),
            the Company shall have the option, in its discretion, by giving written notice thereof,
            either to (A) terminate the Employee’s employment hereunder upon all the
            terms and conditions set forth herein. During the Disability Period, the Employee shall
            continue to receive the compensation and other benefits provided herein net of any
            payments received under any disability policy or program of which the Employee is a
            beneficiary or recipient.

            
             

            
            (d)       
            Voluntary Resignation by the Employee. The
            Employee shall have the right to voluntarily resign his employment hereunder for other
            than Good Reason (as such term is defined in Section 6(h)(iii)) by written notice
            to the Company.

            
             

            
            (e)        
            Termination by the Company Without Good
            Cause. The Company shall have the right to terminate the
            Employee’s employment hereunder without Good Cause by written notice to the
            Employee, but the obligations placed upon the Company in Section 7 will
            apply.

            
             

            
            (f)        
            Resignation by the Employee for Good
            Reason. The Employee shall have the right to terminate his
            employment for Good Reason by written notice to the Company specifying the particulars
            of the circumstances forming the basis for such Good Reason.

            
             

            
            (g)       
            Resignation by the Employee because of non-allocation of
            shares. The Employee shall have the right to terminate his
            employment for non-allocation of shares by written notice to the Company should shares
            according to 4 c above not have been allocated to the Employee within three months
            from the date of this agreement.

             

            
            (h)       
            Resignation by the Employee because of non-allocation of
            options. The Employee shall have the right to terminate his
            employment for non-allocation of shares by written notice to the Company should shares
            according to 4 d above not have been allocated to the Employee within six months
            from the date of this agreement.

            
             

            
            (i)        
            Termination Date. The
            “Termination Date” is
            the date as of which the Employee’s employment with the Company terminates in
            accordance with this Agreement. Any notice of termination given pursuant to the
            provisions of this Agreement shall specify the Termination Date.

            
             

            
            (j)        
            Certain Definitions. For purposes of this
            Agreement, the following terms shall have the following meanings:

            
             

            
            (i)         “
            person” means any individual,
            corporation, partnership, association, joint-stock company, trust, unincorporated
            organization, joint venture, court or government (or political subdivision or agency
            thereof).

             

            
            3

             

            
            

            

            

            
                        (ii)        “
            Good Cause” shall mean the occurrence of
            any of the following: (A) any act or omission which constitutes a material breach
            of this Agreement or the willful failure or the willful refusal of the Employee to
            substantially perform his duties, provided,
            however, that the Board has delivered to the Employee a
            written demand to cure the breach or for substantial performance, which demand
            specifically identifies the manner in which the Employee has breached the Agreement or
            failed to substantially perform his duties, and the Employee has been given ten (10)
            days after such notice (or such longer period as may reasonably be necessary) in which
            to cure the failure or to substantially perform his duties, (B) the
            Employee’s conviction of a crime which constitutes a felony under applicable law,
            or a plea of guilty or nolo contendere
            with respect thereto; (C) the commission by the Employee of any
            dishonest or wrongful act or the gross negligence of the Employee involving fraud,
            misrepresentation or moral turpitude causing material damage or potential damage to the
            Company or any client of the Company, or any act or omission by the Employee that is
            materially injurious to the business or reputation of the Company; (D) any
            violation of the provisions of Section 8 hereof that causes material harm to the
            Company; or (E) the reasonable determination by a licensed medical professional
            mutually agreed upon by the Company and the Employee that the Employee is dependent
            upon a controlled substance which either has: (1) not been prescribed by a
            licensed medical professional; or (2) been prescribed by a licensed medical
            professional but the dosages taken by the Employee exceed that prescribed by such
            licensed medical professional.

            
             

            
                	
                            
                             

                        	
                            
                            (iii)

                        	
                            
                            “Good Reason” means the occurrence of any of
                            the following events:

                        

            

             

            
            (A)        the assignment to the
            Employee of any duties inconsistent in any material respect with the Employee’s
            then position (including status, offices, titles and reporting relationships),
            authority, duties or responsibilities, or any other action or actions by the Company
            which when taken as a whole results in a significant diminution in the Employee’s
            position, authority, duties or responsibilities, excluding for this purpose any
            isolated, immaterial and inadvertent action not taken in bad faith and which is
            remedied by the Company promptly after receipt of notice thereof given by the
            Employee.;

            
             

            
            (B)        a material breach by
            the Company of one or more provisions of this Agreement, provided that such Good Reason
            shall not exist unless the Employee shall first have provided the Company with written
            notice specifying in reasonable detail the factors constituting such material breach
            and such material breach shall not have been cured by the Company within thirty (30)
            days after such notice or such longer period as may reasonably be necessary to
            accomplish the cure;

            
             

            
            (C)        a reduction in the
            Employee’s Base Salary or a reduction in any other benefit or payment described
            in this Agreement provided that those changes (either individually or in the aggregate)
            will result in a material adverse change with respect to the benefits to which the
            Employee was entitled as of the Effective Date;

            
             

            
            (D)        a failure by the
            Company to require any successor entity to the Company specifically to assume all of
            the Company’s obligations to the Employee under this Agreement; and

             

            
            4

             

            
            

            

            

            
                        (F)        any
            purported termination by the Company of the Employee’s employment otherwise than
            as expressly permitted by this Agreement.

            
             

            
            7.          
            Obligations of Company on Termination.
            Notwithstanding anything in this Agreement to the contrary, the Company’s
            obligations on termination of the Employee’s employment shall be as described in
            this Section 7. In the event that prior to the expiration of the Employment Term, the
            Company terminates the Employee’s employment, pursuant to Section 6(a), (b), (c)
            or (e), or the Employee resigns, pursuant to Section 6(d) or 6(f), within thirty (30)
            days following the Termination Date, the Company shall pay the Employee a single lump
            sum cash payment (the “Severance Payment”) equal to the sum of the
            following:

             

            
                	
                            
                             

                        	
                            
                            (a)

                        	
                            
                            the equivalent of one (1) month Base Salary;
                            and

                        

            

            
             

            
            (b)        any Base Salary, cash
            bonuses, vacation and unreimbursed expenses accrued but unpaid as of the Termination
            Date.

            
             

            
                	
                            
                             

                        	
                            
                            8.

                        	
                            
                            Covenants of the
                            Employee.

                        

            

             

            
            (a)         During the
            Employment Term and for a period of two (2) years thereafter the Employee shall not,
            directly or indirectly, employ, solicit for employment or otherwise contact for the
            services of any employee of the Company or any of its affiliate at the time of this
            Agreement or who shall subsequently become an employee of the Company or any such
            affiliate; and

            
             

            
            (b)        During the Employment
            Term and for a period of two (2) years thereafter the Employee will not solicit, in
            competition with the Company or its affiliates, any person who is, or was at any time
            within two years prior to the Termination Date, a customer of the business conducted by
            the Company or any of its affiliates. For purposes of this Agreement, the reasonable
            decision of the Board as to what constitutes a competing business shall be final and
            binding upon the Employee; provided that the Employee’s ownership of securities
            of two percent (2%) or less of any publicly traded class of securities of a public
            company shall not be considered to be competition with the Company or any of its
            affiliates.

            
             

            
            (c)         During the
            Employment Term and following the termination of this Agreement, the Employee will not:
            (i) divulge, transmit or otherwise disclose (except as legally compelled by court
            order, and then only to the extent required, after prompt notice to the Company of any
            such order), directly or indirectly, other than in the regular and proper course of
            business of the Company, any confidential knowledge or information with respect to the
            operations, finances, organization or employees of the Company or with respect to
            confidential or secret processes, services, techniques, customers or plans with respect
            to the Company, and (ii) use, directly or indirectly, any confidential information for
            the benefit of anyone other than the Company; provided, however, that the Employee has
            no obligation, express or implied, to refrain from using or disclosing to others any
            such knowledge or information which is or hereafter shall become available to the
            public other than through disclosure by the Employee. All new processes, techniques,
            now-how, inventions, plans, products, patents and devices developed, made or invented
            by the Employee, alone or with others, while an employee of the Company which are
            related to the business of the Company shall be and become the sole property of the
            Company, unless released in writing by the Company, and the Employee hereby assigns any
            and all rights therein or thereto to the Company.

            
             

            
            5

             

            
            

            

            

            
                        (d)        All
            files, records, correspondence, memoranda, notes, or other documents (including,
            without limitation, those in computer-readable form), real property or intellectual
            property relating or belonging to the Company or its affiliates, whether prepared by
            the Employee or otherwise coming into his possession in the course of the performance
            of his services under this Agreement, shall be the exclusive property of Company and
            shall be delivered to Company and not retained by the Employee (including, without
            limitations, any copies thereof) upon termination of this Agreement for any reason
            whatsoever.

            
             

            
            (e)         The Employee
            acknowledges that a breach of his covenants contained in this Section 8 may cause
            irreparable damage to the Company and its affiliates, the exact amount of which will be
            difficult ascertain, and that the remedies at law for any such breach will be
            inadequate. Accordingly, the Employee agrees that if he breaches any of the covenants
            contained in this Section 8, in addition to any other remedy which may be available at
            law or in equity, the Company shall be entitled to specific performance and injunctive
            relief.

            
             

            
            (f)         The Company and
            the Employee further acknowledge that the time, scope, geographic area and other
            provisions of this Section 8 have been specifically negotiated by sophisticated
            commercial parties and agree that all such provisions are reasonable under the
            circumstances of the activities contemplated by this Agreement. In the event that the
            agreements in this Section 8 shall be determined by any court of competent jurisdiction
            to be unenforceable by reason of their extending for too great a period of time or over
            too great a geographical area or by reason of their being too extensive in any other
            respect, they shall be interpreted to extend only over the maximum period of time for
            which they may be enforceable and/or over the maximum geographical areas as to which
            they may be enforceable and/or to the maximum extent in all other respects as to which
            they may be enforceable, all as determined by such court in such action.

            
             

            
            (g)        The Employee agrees
            to cooperate with the Company, during the Employment Term and thereafter (including
            following the Employee’s termination of employment for any reason), by making
            himself reasonably available to testify on behalf of the Company or any of its
            affiliates in any action, suit, or proceedings, whether civil, criminal,
            administrative, or investigative, and to assist the Company, or any affiliate, in any
            such action, suit, or proceeding, by providing information and meeting and consulting
            with the Board or its representatives or counsel, or representatives or counsel to the
            Company, or any affiliate as reasonably requested; provided, however, that the same
            does not materially interfere with his then current professional activities and is not
            contrary to the best interests of the Employee. The Company agrees to reimburse the
            Employee, on an after-tax basis, for all expenses actually incurred in connection with
            his provision of testimony or assistance.

            
             

            
            (h)        The parties agree
            that, during the Employment Term and thereafter (including following the
            Employee’s termination of employment for any reason) that they will not make
            statements or representations, or otherwise communicate, directly or indirectly,
            disparage the other party or any of its affiliates or their respective officers,
            directors, employees, advisors, businesses or reputations. Notwithstanding the
            foregoing, nothing in this Agreement shall preclude either party from making truthful
            statements or disclosures that are required by applicable law, regulation or legal
            process.

            
             

            
            6

             

            
            

            

            

            
                        9.          
            Arbitration. The parties agree that any
            dispute, claim, or controversy based on common law, equity, or any federal, state, or
            local statute, ordinance, or regulation (other than workers’ compensation claims)
            arising out of or relating in any way to the Employee’s employment, the terms,
            benefits, and conditions of employment, or concerning this Agreement or its termination
            and any resulting termination of employment, including whether such a dispute is
            arbitrable, shall be settled by arbitration. This agreement to arbitrate includes but
            is not limited to all claims for any form of illegal discrimination, improper or unfair
            treatment or dismissal, and all tort claims. The Employee will still have a right to
            file a discrimination charge with a federal or state agency, but the final resolution
            of any discrimination claim will be submitted to arbitration instead of a court or
            jury. The arbitration proceeding will be conducted under the employment dispute
            resolution arbitration rules of the American Arbitration Association in effect at the
            time a demand for arbitration under the rule sis made. The decision of the
            arbitrator(s), including determination of the amount of any damages suffered, will be
            exclusive, final, and binding on all parties, their heirs, executors, administrators,
            successors, and assigns. Each party will bear its own expenses in the arbitration for
            arbitrators’ fees and attorneys’ fees, for its witnesses, and for other
            expenses of presenting its case. Other arbitration costs, including administrative fees
            and fees for records or transcripts, will be borne equally by the parties.

             

            
            10.        
            Notices. Any notices required or permitted
            hereunder shall be in writing and shall be deemed to have been given when personally
            delivered or when mailed, certified or registered mail, postage prepaid, to the
            following addresses:

             

            
            If to the Employee:

            
             

            
            Stephen P. Cutler

            
            1716, unit 2801A, M.H. Del Pilar Street

            
            Malate, Manila, Philippines

            
             

            
            If to the Company:

            
             

            
            MOBICLEAR INC

            
            140 Broadway 46th Floor

            
            New York, NY 10005

             

            
                	
                            
                             

                        	
                            
                            11.

                        	
                            
                            General.

                        

            

             

            
            (a)         
            Governing Law. The validity,
            interpretation, construction and performance of this Agreement shall be governed by the
            laws of the State of Pennsylvania applicable to contracts executed and to be performed
            entirely within the State of Pennsylvania.

            
             

            
            (b)        
            Construction and Severability. If any
            provision of this Agreement shall be held invalid, illegal or unenforceable in any
            jurisdiction, the validity, legality and enforceability of the remaining provisions
            contained herein shall not in any way be affected or impaired, and the parties
            undertake to implement all efforts which are necessary, desirable and sufficient to
            amend, supplement or substitute all and any such invalid, illegal or unenforceable
            provisions with enforceable and valid provisions which would produce as nearly as may
            be possible the result previously intended by the parties without renegotiation of any
            material terms and conditions stipulated herein.

            
             

            
            7

             

            
            

            

            

            
                        (c)         
            Performance; Assignability. The Employee
            represents and warrants to the Company that the Employee has no contracts or agreements
            of any nature that the Employee has entered into with any other person, firm or
            corporation that contain any restraints on the Employee’s ability to perform his
            obligations under this Agreement. The Employee may not assign his interest in or
            delegate his duties under this Agreement. This Agreement is for the employment of the
            Employee, personally, and the services to be rendered by him under this Agreement must
            be rendered by him and no other person. This Agreement shall be binding upon and inure
            to the benefit of the Company and its successors and assigns. Notwithstanding anything
            else in this Agreement to the contrary, the Company may assign this Agreement to and
            all rights hereunder shall inure to the benefit of any person, firm or corporation
            resulting from the reorganization of the Company or succeeding to the business or
            assets of the Company by purchase, merger or consolidation. The Company will require
            any successor (whether direct or indirect, by purchase, merger, consolidation or
            otherwise) to all or substantially all of the business and/or assets of the Company to
            assume expressly and agree to perform this Agreement in the same manner and to the same
            extent that the Company would be required to perform it if no succession had taken
            place. The Company’s failure to obtain such an assumption and agreement prior to
            the effective date of a succession will be a breach of this Agreement and will entitle
            the Employee to compensation from the Company in the same amount and on the same terms
            as if the Employee were to terminate his employment for Good Reason, except that, for
            purposes of implementing the foregoing, the date on which any such succession becomes
            effective will be deemed the Termination Date.

            
             

            
            (d)        
            Compliance with Rules and Policies. The
            Employee shall perform all services in accordance with the policies, procedures and
            rules established by the Company, including, but not limited to, the By-Laws of the
            Company. In addition, the Employee shall comply with all laws, rules and regulations
            that are generally applicable to the Company, its affiliates and their employees,
            directors and officer.

            
             

            
            (e)         
            Withholding. The Company shall withhold
            from all amounts due hereunder any withholding taxes payable to federal, state, local
            or foreign taxing authorities.

            
             

            
            (f)         Entire
            Agreement; Modification. This Agreement constitutes the entire agreement of the parties
            hereto with respect to the subject matter hereof, supersedes all prior agreements and
            undertakings, both written and oral, and may not be modified or amended in any way
            except in writing by the parties hereto.

            
             

            
            (g)        Duration.
            Notwithstanding the Employment Term hereunder, this Agreement shall continue for so
            long as any obligations remain under this Agreement.

            
             

            
            (h)        
            Survival. The covenants set forth in
            Section 8 of this Agreement shall survive and shall continue to be binding up on
            the Employee notwithstanding the termination of this Agreement for any reason
            whatsoever. It is expressly agreed that the remedy at law for the breach or threatened
            breach of any such covenant is inadequate and that the Company, in addition to any
            other remedies that may be available to it, in law or in equity, shall be entitled to
            injunctive relief to prevent the breach or any threatened breach thereof without bond
            or other security or a showing that monetary damages will not provide an adequate
            remedy.

             

            
            8

             

            
            

            

            

            
                        (i)         
            Waiver. No waiver by either party hereto of
            any of the requirements imposed by this Agreement on, or any breach of any condition or
            provision of this Agreement to be performed by, the other party shall be deemed a
            waiver of a similar or dissimilar requirement, provision or condition of this Agreement
            at the same or any prior or subsequent time. Any such waiver shall be express and in
            writing, and there shall be no waiver by conduct.

            
             

            
            (j)         
            Counterparts. This Agreement may be
            executed in two or more counterparts, all of which taken together shall constitute one
            instrument.

            
             

            
            IN WITNESS WHEREOF, the parties hereto, intending to be legally bound,
            have hereunto executed this Agreement as of the day and year first above
            written.

             

            
                	
                            
                            Date:__________

                        	
                            
                            MOBICLEAR INC.

                        
	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                            By /s/ Lim Wong

                        
	
                            
                             

                        	
                            
                            Name: Lim Wong

                        
	
                            
                             

                        	
                            
                            Title: Chairman of the Board of Directors

                        
	
                            
                             

                        	
                            
                             

                        
	
                            
                            Date: April 30, 2008

                        	
                            
                            Stephen P. Cutler

                        
	
                            
                             

                        	
                            
                             

                        
	
                            
                             

                        	
                            
                            /s/ Stephen P. Cutler

                        

            

             

             

             

            
            9EMPLOYMENT AGREEMENT

 

EMPLOYMENT AGREEMENT (this “Agreement”), dated effective as of April 30, 2008, by and between MOBICLEAR INC, a corporation organized and existing under the laws of the State of Pennsylvania (the “Company”), and Edward C. Pooley, an individual residing at Block 8, Lot 6, StoneCrest Subd., San Pedro, l.aguna, Philippines (“Employee”).

 

W I T N E S S E T H:

 

WHEREAS, the Company wishes to employ the Employee upon the terms and subject to the conditions set forth herein, and Employee wishes to enter into this Agreement and accept such employment, upon such terms and conditions.

 

NOW, THEREFORE, in consideration of the mutual covenants and promises contained herein, the parties hereto, each intending to be legally bound hereby, agree as follows:

 

1.          Employment.  Subject to the terms and conditions set forth herein, the Company shall employ the Employee as Chief Operating Officer of the Company and the Employee accepts such employment for the Employment Term (as defined in Section 3).  During the Employment Term, the Employee shall perform the duties consistent with such office and such other duties as may from time to time be assigned to him by the Board of Directors of the Company (the “Board”) 

 

	
             
 	
            2.
 	
            Performance.  
 

 

 (a)         During the Employment Term, the Employee shall perform and discharge the duties that may be assigned to him by the Board from time to time in accordance with this Agreement, and the Employee shall devote his best talents, efforts and abilities to the performance of his duties hereunder.  

 

 (b)        During the Employment Term, the Employee shall perform such duties on a half-time basis, and the Employee shall have no other paid employment, or other outside business activities whatsoever (other than in connection with MobiClear or any other affiliate of the Company) that require devotion of significant time or effort to the detriment of the Company without the prior written concurrence of the Board; provided, however, that the Employee shall not be precluded from making passive investments which do not require the devotion of any significant time or effort.  

 

3.          Employment Term.  Unless earlier terminated pursuant to Section 6, the employment term shall begin on April 10, 2008 (the “Effective Date”), and shall continue for a period of one (1) year from such date (the “Initial Term”); provided that such term shall be automatically extended for additional periods of one (1) year commencing on May 01, 2009 and each May 1st thereafter (such period the “Additional Term”) unless either party shall have given notice to the other party that such party does not desire to extent the term of this Agreement.  Any such notice must comply with Section 10 and be given at least 45 days prior to the end of the Initial Term or the Additional Terms as applicable (the Initial Term and the Additional Term or Terms, if applicable,
will be known collectively as the “Employment Term”).  Notwithstanding anything in this Agreement to the contrary, the Employment Term shall end on the Termination Date as defined in Section 6(g).  

 

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                4.Compensation.  

 

 (a)         Base Salary.  As compensation for services hereunder and in consideration of the Employee’s other agreements hereunder, during the Employment Term, the Company shall pay the Employee a base salary, payable in accordance with the customary payroll practices of Company procedures, at a monthly rate of 5,000 Dollars ($5,000.00), subject to review by the Board no less frequently than annually for for increases (such base salary, as increased from time to time being hereinafter referred to as “Base Salary”). 

 

 (b)        As set out in Section 11(e) any withholding and other applicable taxes in the United States and the Philippines shall be paid by the Company. 

 

 (c)         Shares.  As compensation for services hereunder and in consideration of the Employee’s other agreements hereunder during the Employment Term, the Company shall, provided the Company is satisfied with the performance of the Employee and furnish and grant Employee with shares corresponding to 3 million shares, issued upon three months of employment.  

 

 (d)        Option Package.  As compensation for services hereunder and in consideration of the Employee’s other agreements hereunder, during the Employment Term, the Company shall, provided that the Company is satisfied with the performance of Employee, shall furnish the Employee with an option package corresponding to a grant of options to purchase up to 12 million shares of common stock, granted after a minimum of three months, options to purchase 3 million shares – exercise price as of the date of this agreement, 5 year term and a grant of an additional 6 million shares on each of the first, second and third anniversary dates of commandment of employment (on proviso that he is still employed as COO of MobiClear).  The share price used as basis for the calculation of the
option package should be the price that is valid at the date of this agreement.  

 

5.          Benefits.  During the Employment Term, the Company shall provide the Employee with the following benefits:  

 

 (a)         Vacation, Sick Leave.  The Employee shall be entitled five weeks of paid vacation during each full calendar year of the Employment Term (and a pro rata portion thereof for any portion of the Employment Term that is less than a full calendar year); provided that no single vacation may exceed two consecutive weeks in duration.  Unused vacation may not be carried over to successive years.  

 

 (b)        Expenses.  The Employee shall be reimbursed by the Company for all reasonable expenses actually incurred or paid by him in connection with the performance of his duties hereunder in accordance with policies established by the Company from time to time and upon presentation of expense statements and/or such other supporting information as the Company may reasonably require.  

 

6.          Termination.  The employment hereunder of the Employee may be terminated prior to the expiration of the Employment Term in the manner described in this Section 6.  

 

 (a)         Termination by the Company for Good Cause.  The Company shall have the right to terminate the employment of the Employee for Good Cause (as such term is defined in Section 6(j)(ii)) by written notice to the Employee specifying the particulars of the circumstances forming the basis for such Good Cause.  

 

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            (b)        Termination upon Death.  The employment of the Employee hereunder shall terminate immediately upon his death.  

 

 (c)         The Company’s Options upon Disability.  If the Employee becomes physically or mentally disabled during the Term so that he is unable to perform the services required of him pursuant to this Agreement for a period of three (3) successive months, or an aggregate of three (3) months in any twelve-month period (the “Disability Period”), the Company shall have the option, in its discretion, by giving written notice thereof, either to (A) terminate the Employee’s employment hereunder pursuant to Section 6(a); or (B) continue the employment of the Employee hereunder upon all the terms and conditions set forth herein.  During the Disability Period, the Employee shall continue to receive the compensation and other benefits provided herein net of any
payments received under any disability policy or program of which the Employee is ab beneficiary or recipient.  

 

 (d)        Voluntary Resignation by the Employee.  The Employee shall have the right to voluntarily resign his employment hereunder for other than Good Reason (as such term is defined in Section 6(h)(iii)) by written notice to the Company.   

 

 (e)         Termination by the Company without Good Cause.  The Company shall have the right to terminate the Employee’s employment hereunder without Good Cause by written notice to the Employee, but the obligations placed upon the Company in Section 7 will apply.  

 

 (f)         Resignation by the Employee for Good Reason.  The Employee shall have the right to terminate his employment for Good Reason by written notice to the Company specifying the particulars of the circumstances forming the basis for such Good Reason.  

 

 (g)        Resignation by the Employee because of Non-Allocation of Shares.  The Employee shall have the right to terminate his employment for non-allocation of shares by written notice to the Company should shares according to 4(c) above not have been allocated to the Employee within three months from the date of this Agreement.  

 

 (h)        Resignation by the Employee Because of Non-Allocation of Options.  The Employee shall have the right to terminate his employment for non-allocation of shares by written notice to the Company should shares according to 4(d) above not have been allocated to the Employee within six months from the date of this Agreement.  

 

 (i)         Termination Date.  The “Termination Date” is the date as of which the Employee’s employment with the Company terminates in accordance with this Agreement.  Any notice of termination given pursuant to the provisions of this Agreement shall specify the Termination Date.  

 

	
             
 	
            (j)
 	
            Certain Definitions.  
 

 

 (i)         “Person” means any individual, corporation, partnership, association, joint-stock company, trust, unincorporated organization, joint venture, court or government (or political subdivision or agency thereof).  

 

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            (ii)        “Good Cause” shall mean the occurrence of any of the following:  (A) any act or omission which constitutes a material breach of this Agreement or the willful failure or the willful refusal of the Employee to substantially perform his duties; provided however, that the Board has delivered to the Employee a written demand to cure the breach or for substantial performance, which demand specifically identifies the manner in which the Employee has breached the Agreement or failed to substantially perform his duties, and the Employee has been given ten (10) days after such notice (or such longer period as may reasonably be necessary) in which to cure the failure or to substantially perform his duties; (B) the Employee’s conviction of a crime which
constitutes a felony under applicable law, or a plea of guilty or nolo contendere with respect thereto; (C) the commission by the Employee of any dishonest or wrongful act or the gross negligence of the Employee involving fraud, misrepresentation or moral turpitude causing material damage or potential damage to the Company or any client of the Company, or any act or omission by the Employee that is materially injurious to the business or reputation of the Company; (D) any violation of the provisions of Section 8 hereof that causes material harm to the Company; or (E) the reasonable determination by a licensed medical professional mutually agreed upon by the Company and the Employee that the Employee is dependent upon a controlled substance which either has (1) not been prescribed by a licensed medical professional; or (2) has been prescribed by a licensed medical professional but the dosages taken by the Employee exceed that prescribed by such licensed medical professional.

 

	
             
 	
            (iii)
 	
            “Good Reason” means the occurrence of any of the following events:
 

 

 (A)        the assignment to the Employee of any duties inconsistent in any material respect with the Employee’s then position (including status, offices, titles and reporting relationships), authority, duties or responsibilities, or any other action or actions by the Company which when taken as a whole results in a significant diminution in the Employee’s position, authority, duties or responsibilities, excluding for this purpose any isolated, immaterial and inadvertent action not taken in bad faith and which is remedied by the Company promptly after receipt of notice thereof given by the Employee;

 

 (B)        a material breach by the Company of one or more provisions of this Agreement, provided that such Good Reason shall not exist unless the Employee shall first have provided the Company with written notice specifying in reasonable detail the factors constituting such material breach and such material breach shall not have been cured by the Company within thirty (30) days after such notice or such longer period as may reasonably be necessary to accomplish the cure; 

 

 (C)        a reduction in the Employee’s Base Salary or a reduction in any other benefit or payment described in this Agreement provided that those changes (either individually or in the aggregate) will result in a material adverse change with respect to the benefits to which the Employee was entitled as of the Effective Date; 

 

 (D)        a failure by the Company to require any successor entity to the Company specifically to assume all of the Company’s obligations to the Employee under this Agreement; and

 

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            (F)        any purported termination by the Company of the Employee’s employment otherwise than as expressly permitted by this Agreement.  

 

7.          Obligations of Company on Termination.  Notwithstanding anything in this Agreement to the contrary, the Company’s obligations on termination of the Employee’s employment shall be as described in this Section 7.  In the event that prior to the expiration of the Employment Term, the Company terminates the Employee’s employment, pursuant to Section 6(a), (b), (c) or (e), or the Employee resigns, pursuant to Section 6(d) or 6(f), within thirty (30) days following the Termination Date, the Company shall pay the Employee a single lump sum cash payment (the “Severance Payment”) equal to the sum of the following:

 

	
             
 	
            (a)
 	
            the equivalent of one (1) month Base Salary; and
 

 

 (b)        any Base Salary, cash bonuses, vacation and unreimbursed expenses accrued but unpaid as of the Termination Date.  

 

	
             
 	
            8.
 	
            Covenants of the Employee.  
 

 

 (a)         During the Employment Term and for a period of two (2) years thereafter the Employee shall not, directly or indirectly, employ, solicit for employment or otherwise contact for the services of any employee of the Company or any of its affiliate at the time of this Agreement or who shall subsequently become an employee of the Company or any such affiliate; and 

 

 (b)        During the Employment Term and for a period of two (2) years thereafter the Employee will not solicit, in competition with the Company or its affiliates, any person who is, or was at any time within two years prior to the Termination Date, a customer of the business conducted by the Company or any of its affiliates.  For purposes of this Agreement, the reasonable decision of the Board as to what constitutes a competing business shall be final and binding upon the Employee; provided that the Employee’s ownership of securities of two percent (2%) or less of any publicly traded class of securities of a public company shall not be considered to be competition with the Company or any of its affiliates.  

 

 (c)         During the Employment Term and following the termination of this Agreement, the Employee will not: (i) divulge, transmit or otherwise disclose (except as legally compelled by court order, and then only to the extent required, after prompt notice to the Company of any such order), directly or indirectly, other than in the regular and proper course of business of the Company, any confidential knowledge or information with respect to the operations, finances, organization or employees of the Company or with respect to confidential or secret processes, services, techniques, customers or plans with respect to the Company, and (ii) use, directly or indirectly, any confidential information for the benefit of anyone other than the Company; provided, however, that the Employee has no obligation, express or implied, to
refrain from using or disclosing to others any such knowledge or information which is or hereafter shall become available to the public other than through disclosure by the Employee.  All new processes, techniques, now-how, inventions, plans, products, patents and devices developed, made or invented by the Employee, alone or with others, while an employee of the Company which are related to the business of the Company shall be and become the sole property of the Company, unless released in writing by the Company, and the Employee hereby assigns any and all rights therein or thereto to the Company.  

 

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            (d)        All files, records, correspondence, memoranda, notes, or other documents (including, without limitation, those in computer-readable form), real property or intellectual property relating or belonging to the Company or its affiliates, whether prepared by the Employee or otherwise coming into his possession in the course of the performance of his services under this Agreement, shall be the exclusive property of Company and shall be delivered to Company and not retained by the Employee (including, without limitations, any copies thereof) upon termination of this Agreement for any reason whatsoever.  

 

 (e)         The Employee acknowledges that a breach of his covenants contained in this Section 8 may cause irreparable damage to the Company and its affiliates, the exact amount of which will be difficult ascertain, and that the remedies at law for any such breach will be inadequate.  Accordingly, the Employee agrees that if he breaches any of the covenants contained in this Section 8, in addition to any other remedy which may be available at law or in equity, the Company shall be entitled to specific performance and injunctive relief.  

 

 (f)         The Company and the Employee further acknowledge that the time, scope, geographic area and other provisions of this Section 8 have been specifically negotiated by sophisticated commercial parties and agree that all such provisions are reasonable under the circumstances of the activities contemplated by this Agreement.  In the event that the agreements in this Section 8 shall be determined by any court of competent jurisdiction to be unenforceable by reason of their extending for too great a period of time or over too great a geographical area or by reason of their being too extensive in any other respect, they shall be interpreted to extend only over the maximum period of time for which they may be enforceable and/or over the maximum geographical areas as to which they may be enforceable and/or to the maximum
extent in all other respects as to which they may be enforceable, all as determined by such court in such action.  

 

 (g)        The Employee agrees to cooperate with the Company, during the Employment Term and thereafter (including following the Employee’s termination of employment for any reason), by making himself reasonably available to testify on behalf of the Company or any of its affiliates in any action, suit, or proceedings, whether civil, criminal, administrative, or investigative, and to assist the Company, or any affiliate, in any such action, suit, or proceeding, by providing information and meeting and consulting with the Board or its representatives or counsel, or representatives or counsel to the Company, or any affiliate as reasonably requested; provided, however, that the same does not materially interfere with his then current professional activities and is not contrary to the best interests of the Employee.  The Company
agrees to reimburse the Employee, on an after-tax basis, for all expenses actually incurred in connection with his provision of testimony or assistance.  

 

 (h)        The parties agree that, during the Employment Term and thereafter (including following the Employee’s termination of employment for any reason) that they will not make statements or representations, or otherwise communicate, directly or indirectly, disparage the other party or any of its affiliates or their respective officers, directors, employees, advisors, businesses or reputations.  Notwithstanding the foregoing, nothing in this Agreement shall preclude either party from making truthful statements or disclosures that are required by applicable law, regulation or legal process.  

 

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            9.          Arbitration.  The parties agree that any dispute, claim, or controversy based on common law, equity, or any federal, state, or local statute, ordinance, or regulation (other than workers’ compensation claims) arising out of or relating in any way to the Employee’s employment, the terms, benefits, and conditions of employment, or concerning this Agreement or its termination and any resulting termination of employment, including whether such a dispute is arbitrable, shall be settled by arbitration.  This agreement to arbitrate includes but is not limited to all claims for any form of illegal discrimination, improper or unfair treatment or dismissal, and all tort claims.  The Employee will still have a right to file a
discrimination charge with a federal or state agency, but the final resolution of any discrimination claim will be submitted to arbitration instead of a court or jury.  The arbitration proceeding will be conducted under the employment dispute resolution arbitration rules of the American Arbitration Association in effect at the time a demand for arbitration under the rule sis made.  The decision of the arbitrator(s), including determination of the amount of any damages suffered, will be exclusive, final, and binding on all parties, their heirs, executors, administrators, successors, and assigns.  Each party will bear its own expenses in the arbitration for arbitrators’ fees and attorneys’ fees, for its witnesses, and for other expenses of presenting its case.  Other arbitration costs, including administrative fees and fees for records or transcripts, will be borne equally by the parties.  

 

10.        Notices.  Any notices required or permitted hereunder shall be in writing and shall be deemed to have been given when personally delivered or when mailed, certified or registered mail, postage prepaid, to the following addresses:

 

If to the Employee:

 

Edward C. Pooley

Block 8, Lot 6, StoneCrest Subd.

San Pedro, Laguna, Philippines

 

If to the Company:

 

MOBICLEAR INC

140 Broadway 46th Floor

New York, NY  10005

 

	
             
 	
            11.
 	
            General.  
 

 

 (a)         Governing Law.  The validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Pennsylvania applicable to contracts executed and to be performed entirely within the State of Pennsylvania.  

 

 (b)        Construction and Severability.  If any provision of this Agreement shall be held invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired, and the parties undertake to implement all efforts which are necessary, desirable and sufficient to amend, supplement or substitute all and any such invalid, illegal or unenforceable provisions with enforceable and valid provisions which would produce as nearly as may be possible the result previously intended by the parties without renegotiation of any material terms and conditions stipulated herein.  

 

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            (c)         Performance; Assignability.  The Employee represents and warrants to the Company that the Employee has no contracts or agreements of any nature that the Employee has entered into with any other person, firm or corporation that contain any restraints on the Employee’s ability to perform his obligations under this Agreement.  The Employee may not assign his interest in or delegate his duties under this Agreement.  This Agreement is for the employment of the Employee, personally, and the services to be rendered by him under this Agreement must be rendered by him and no other person.  This Agreement shall be binding upon and inure to the befit of the Company and its successors and assigns.  Notwithstanding
anything else in this Agreement to the contrary, the Company may assign this Agreement to and all rights hereunder shall inure to the benefit of any person, firm or corporation resulting from the reorganization of the Company or succeeding to the business or assets of the Company by purchase, merger or consolidation.  The Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no succession had taken place.  The Company’s failure to obtain such an assumption and agreement prior to the effective date of a succession will be a breach of this Agreement and will entitle the Employee to compensation from the Company in the same amount and on the same terms as if the Employee were to terminate his employment
for Good Reason, except that, for purposes of implementing the foregoing, the date on which any such succession becomes effective will be deemed the Termination Date.  

 

 (d)        Compliance with Rules and Policies.  The Employee shall perform all services in accordance with the policies, procedures and rules established by the Company, including, but not limited to, the By-Laws of the Company.  In addition, the Employee shall comply with all laws, rules and regulations that are generally applicable to the Company, its affiliates and their employees, directors and officers.  

 

 (e)         Withholding.  The Company shall withhold from all amounts due hereunder any withholding taxes payable to federal, state, local or foreign taxing authorities.  

 

 (f)         Entire Agreement; Modification.  This Agreement constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, supersedes all prior agreements and undertakings, both written and oral, and may not be modified or amended in any way except in writing by the parties hereto.  

 

 (g)        Duration.  Notwithstanding the Employment Term hereunder, this Agreement shall continue for so long as any obligations remain under this Agreement.  

 

 (h)        Survival.  The covenants set forth in Section 8 of this Agreement shall survive and shall continue to be binding upon the Employee notwithstanding the termination of this Agreement for any reason whatsoever.  It is expressly agreed that the remedy at law for the breach or threatened breach of any such covenant is inadequate and that the Company, in addition to any other remedies that may be available to it, in law or in equity, shall be entitled to injunctive relief to prevent the breach or any threatened breach thereof without bond or other security or a showing that monetary damages will not provide an adequate remedy.  

 

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            (i)         Waiver.  No waiver by either party hereto of any of the requirements imposed by this Agreement on, or any breach of any condition or provision of this Agreement to be performed by, the other party shall be deemed a waiver of a similar or dissimilar requirement, provision or condition of this Agreement at the same or any prior or subsequent time.  Any such waiver shall be express and in writing, and there shall be no waiver by conduct.  

 

 (j)         Counterparts.  This Agreement may be executed in two or more counterparts, all of which taken together shall constitute one instrument.  

 

IN WITNESS WHEREOF, the parties hereto, intending to be legally bound, have hereunto executed this Agreement as of the day and year first above written.

 

	
            Date:__________
 	
            MOBICLEAR INC.
 
	
             
 	
             
 
	
             
 	
            By /s/ Lim Wong
 
	
             
 	
            Name: Lim Wong
 
	
             
 	
            Title: Chairman of the Board of Directors
 
	
             
 	
             
 
	
            Date:__________
 	
            Edward C. Pooley
 
	
             
 	
             
 
	
             
 	
            /s/ Edward C. Pooley
 

 

 

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