Document:

EXHIBIT 10.8

 

EXECUTION VERSION

 

West Coast Realty Trust, Inc.

650 Howe Avenue, Suite 730

Sacramento, CA 95825

 

May 11, 2012

 

Mr. David A. Rane

2402 Calle San Clemente

Encinitas, CA 92024

 

Re:        Offer of
Employment

 

Dear David:

 

West Coast Realty Trust, Inc., a Maryland
corporation (“WCRT”) is pleased to extend to you an offer of part-time employment as WCRT’s Chief Financial
Officer in accordance with the following terms and conditions.

 

Position Description. As WCRT’s
Chief Financial Officer, you will be responsible for undertaking the following matters and such other customary matters as may
be requested of you by WCRT’s President and Chief Executive Officer (the “CEO”):

 

1.          Oversee
the preparation of, and execute, all applicable documents, filings and reports as the principal financial officer and principal
accounting officer of WCRT for purposes of WCRT’s filings with the U.S. Securities and Exchange Commission (the “SEC”)
and, in connection therewith, be responsible for: (a) all accounting and financial reporting and controls of WCRT and its subsidiaries
and (b) all financial related disclosure controls and procedures of WCRT and its subsidiaries.

 

2.          Oversee
the design and implementation of WCRT’s accounting and finance function, including accounting and disclosure controls and
procedures in compliance with the relevant provisions of the U.S. securities laws and applicable stock market regulations.

 

3.          Oversee
WCRT’s annual audit (on a consolidated basis with WCRT’s subsidiaries), including communications and interactions with
WCRT’s independent registered accounting firm, the Board of Directors of WCRT or a designated committee thereof (the
“Board”), the CEO and WCRT’s outside legal counsel.

 

4.          Oversee
the preparation and filing of WCRT’s (on a consolidated basis with WCRT’s subsidiaries) annual and quarterly financial
statements and reports (including the Management’s Discussion and Analysis of Financial Condition and Results of Operations
contained therein) and all other SEC reports and filings in conformance with all SEC rules and regulations and generally accepting
accounting principles of the United States of America.

 

5.          Oversee
the preparation of all federal, state and local tax returns and payment of all applicable income, franchise or other taxes for
WCRT and its subsidiaries).

 

    	 

    	 

    

 

Mr. David A. Rane

May 11, 2012

Page 2 of 2

 

6.          Assist
WCRT in its communications with the SEC and all other applicable regulatory authorities.

 

You will report directly to the CEO. You
will be an “executive officer” of WCRT for SEC reporting purposes.

 

Start Date/Time of Service/At Will Employment.
Your starting date will be as of April 1, 2012. You will be required to devote to WCRT’s business and affairs the amount
of time necessary to fulfill the responsibilities set forth above as determined by the CEO in his sole discretion. Your employment
by WCRT will be at will and you will not be entitled to severance if you are terminated.

 

Salary and Benefits.  You will receive
the following compensation and benefits:

 

1.          You
will be compensated on an hourly basis (subject to standard deductions) of $150.00 per hour, payable in accordance with WCRT’s
prevailing payroll practices. Any changes in your compensation shall be subject to the approval of the CEO and the Board.

 

2.          Each
year you will be eligible receive a stock option award and stock and/or cash bonus in amounts to be determined by the CEO in consultation
with (and subject to the approval of) the Board. Options will be priced at the time of the award and will vest in a manner approved
by the Board.

 

3.          You
will be entitled to other customary employee benefits as may be approved or modified from time to time by the CEO and/or the Board
in their discretion.

 

You agree that that you will not, at any
time during your employment by WCRT or thereafter, effect, directly or indirectly, any transactions involving WCRT’s securities
while in possession of material non-public information regarding WCRT.

 

If the above terms are acceptable, please
sign in the appropriate place below and return an executed copy of this letter to me, which shall signify your agreement to the
terms set forth herein.

 

	 	Sincerely,
	 	 
	 	/s/ Jeffrey B. Berger
	 	 
	 	Jeffrey B. Berger
	 	President and Chief Executive Officer
	 	West Coast Realty Trust, Inc.

 

Acknowledged and agreed to as of the date
set forth below:

 

	/s/ David A. Rane	 
	David A. Rane	 
	 	 
	Dated: May 11, 2012	 

 

    	2Exhibit 10.1

                                 LOAN AGREEMENT

THIS AGREEMENT is made as of July 29, 2012

BETWEEN:

          DATA PANGEA LLC., a limited liability  corporation  incorporated under
          the laws of Florida, having an office at

                                                                (the "BORROWER")

AND:

          MLJP LLC

                                                                  (the "LENDER")

WHEREAS:

A.   The  Borrower  has  requested  and the  Lender  has  agreed  to lend to the
     Borrower an aggregate principal amount of $350,000 (the "LOAN"), to be used
     by the  Borrower  for  general  corporate  purposes  pursuant to the budget
     previously provided by the Borrower and approved by the Lender;

B.   The parties wish to record the terms and  conditions of the Loan to be made
     pursuant to the terms of this Agreement.

NOW  THEREFORE  THIS  AGREEMENT  WITNESSES  that pursuant to the premises and in
consideration  of the  mutual  covenants  contained  in this  Agreement  and the
agreement of the Lender to advance funds to the Borrower,  the parties  covenant
and agree as follows:

1. LOAN

1.1 LOAN. The Lender will make the Loan  available to the Borrower,  to be drawn
down in one draw of $ 350,000.

1.2 CLOSING.  Subject to section 1.4 below,  the Lender will make the advance of
$350,000 to the Borrower on  execution  of this  Agreement or such other date as
the parties may agree.

1.3  INTEREST  RATE.  The Loan is to bear  interest  from the date any funds are
advanced  to  the  Borrower  to the  date  of  full  repayment  of  all  amounts
outstanding  under the Loan at 12% per annum,  accruing  daily before as well as
after  maturity,  default or judgment (the "INTEREST  RATE").  Interest shall be
payable  quarterly,  in  arrears,  commencing  August 29,  2012,  and  quarterly
thereafter.
<PAGE>
                                                                     Page 2 of 8

1.4 CONDITIONS  PRECEDENT TO ADVANCE. The Lender will not have any obligation to
advance  all or any  portion  of the  Loan  to  the  Borrower  until  all of the
following have been fulfilled to the Lender's satisfaction:

     (a)  the Borrower has executed and delivered this Agreement; and

     (b)  the Borrower  has  executed  and  delivered to the Lender a Promissory
          Note in the form attached hereto as Schedule "B";

1.5 PAYMENT OF PRINCIPAL  AND  INTEREST.  The Borrower will pay to the Lender in
full the principal amount of the Loan and all accrued and unpaid Interest on the
earlier to occur of:

     (a)  September 1, 2013,  subject to extension upon mutual  agreement of the
          Lender and Borrower; or

     (b)  an Event of Default occurring hereunder.

1.6  PREPAYMENT.  The Borrower  may prepay the Loan in whole or in part,  at any
time and from time to time without notice, bonus or penalty.

1.7  APPLICATIONS OF PAYMENTS.  All payments of cash made by the Borrower to the
Lender are to firstly be applied to interest,  secondly to any outstanding  Loan
Facilitation Fee amount and thirdly to the principal  balance  outstanding under
the Loan.

1.8  PROMISSORY  NOTE.  The  Loan  is  to  be  evidenced  by a  promissory  note
("PROMISSORY  NOTE") in the form attached  hereto as Schedule "B", issued by the
Borrower to the Lender for the amount of the Loan.

1.9 MANNER OF PAYMENTS.  The Borrower will make all payments to the Lender under
this  Agreement  by wire  transfer,  cheque,  direct  deposit  or bank  draft in
immediately available funds to such account or accounts of the Lender the Lender
may direct from time to time.

2. REPRESENTATIONS AND WARRANTIES

2.1 REPRESENTATIONS AND WARRANTIES OF THE BORROWER.  The Borrower represents and
warrants to the Lender that:

     (a)  it has been duly incorporated,  validly exists and is in good standing
          under the  jurisdiction  of its  incorporation  and each  jurisdiction
          where it carries on  business  and has been duly  licensed to carry on
          business in all jurisdictions where it is carrying on business,

     (b)  it has the power and authority to enter into,  execute and deliver and
          to keep,  observe  and perform all of the  covenants,  agreements  and
          other  obligations  made by or imposed on it under this Agreement (the
          "LOAN DOCUMENT"),

     (c)  the Loan Document and all other  instruments and agreements  delivered
          by the borrower to the Lender  pursuant to this Agreement have been or
          will be validly executed by it or on its behalf and, when delivered to
<PAGE>
                                                                     Page 3 of 8

          the  Lender,  will be legal,  valid  and  binding  obligations  of it,
          enforceable  in  accordance  with their  respective  terms,  except as
          enforcement may be limited by,

          (i)  applicable bankruptcy, insolvency, moratorium, reorganization and
               similar  laws at the  time in  effect  affecting  the  rights  of
               creditors generally, and

          (ii) equitable  principles which may limit the availability of certain
               remedies, including the remedy of specific performance,

     (d)  the  execution,  delivery and  performance  by it of the Loan Document
          does not contravene any material provision of any regulation, order or
          permit  applicable to it, or cause a breach of or constitute a default
          under or require any consent  under any  agreement  or  instrument  to
          which it is a party or by which it is bound  except  such as have been
          obtained,

     (e)  there are no suits or judicial  proceedings or proceedings  before any
          governmental commission,  board or other agency, actual, pending or to
          its knowledge  threatened against it which involves a significant risk
          of a judgment or liability which, if satisfied,  would have an adverse
          effect  upon  its  financial  position  or the  ability  to  meet  its
          obligations under this Agreement or to grant the Loan Document,

     (f)  it is not in default  under any  guarantee,  note or other  instrument
          evidencing any indebtedness, other than as disclosed in writing to the
          Lender by the Borrower,  and to its knowledge there exists no state of
          facts which, after notice or lapse of time or both or otherwise, would
          constitute such a default, and

     (g)  no event is outstanding which constitutes,  or with notice or lapse of
          time or both would constitute, an Event of Default (as defined below).

3. COVENANTS

3.1  AFFIRMATIVE  COVENANTS.  Until such time that the Loan and any  outstanding
Interest are repaid in full, the Borrower will:

     (a)  pay all amounts due and owing to the Lender when due;

     (b)  at all times  maintain its  corporate  existence  and be registered or
          licensed to carry on business in all jurisdictions where the nature of
          its business makes it prudent to do so;

     (c)  preserve and protect the goodwill, assets, business and undertaking of
          the Borrower;

     (d)  maintain  adequate  records  and  books  of  account   reflecting  all
          financial   transactions   in  conformity   with  generally   accepted
          accounting   principles  and  provide  to  the  Lender  its  unaudited
<PAGE>
                                                                     Page 4 of 8

          quarterly  and audited  annual  financial  statements,  including  its
          balance sheet, income statement and statement of cash flow;

     (e)  comply  in  all  material   respects  with  all  material   contracts,
          arrangements,   agreements  or  understandings  entered  into  by  the
          Borrower;

     (f)  materially comply with all applicable  environmental laws and promptly
          provide notice to the Lender of any material  default or breach of any
          environmental law; and

     (g)  pay all taxes and claims when due.

3.2  NEGATIVE  COVENANTS.  Until  such  time  that the Loan and any  outstanding
Interest  are repaid in full and  without the prior  consent of the Lender,  the
Borrower will not

     (a)  create,  assume or have  outstanding  any  mortgage,  pledge,  charge,
          assignment or other security, whether fixed or floating, on any of its
          properties,  assets or  undertakings  ranking or purporting to rank or
          capable of being enforced in priority, or PARI PASSU with the Loan and
          the Loan Document;

     (b)  guarantee,  endorse or otherwise  become surety for the obligations of
          any other person;

     (c)  reorganize or amalgamate with any other person;

     (d)  make any  inter-company  loans or  shareholder  loans or  investments,
          except in the ordinary course of business;

     (e)  dispose of any of its assets,  property or undertaking,  except in the
          ordinary course of business; or

     (f)  materially change its business.

4. EVENTS OF DEFAULT

4.1 EVENTS OF DEFAULT. Each of the following events constitutes a default by the
Borrower under this Agreement  (each, an "EVENT OF DEFAULT"),  unless the Lender
agrees to waive such default:

     (a)  the  Borrower  fails to pay any amount  owing to the Lender under this
          Agreement when due, and such amount remains unpaid for five days;

     (b)  any of the  representations  or  warranties  of the  Borrower  in this
          Agreement are misleading, or incorrect in any material respect;

     (c)  an  order  is made or a  resolution  passed  for  the  liquidation  or
          winding-up of the Borrower; or
<PAGE>
                                                                     Page 5 of 8

     (d)  if the Borrower becomes insolvent,  admits in writing its inability to
          pay its  debts  as  they  become  due or  otherwise  acknowledges  its
          insolvency,  commits an act of bankruptcy, makes an assignment or bulk
          sale of its  assets,  is  adjudged  or  declared  bankrupt or makes an
          assignment  for the  benefit of  creditors  or a  proposal  or similar
          action under bankruptcy or any similar  legislation,  or commences any
          other   proceedings   relating   to  it  under   any   reorganization,
          arrangement,  readjustment of debt,  dissolution or liquidation law or
          statute of any  jurisdiction  whether now or thereafter in effect,  or
          consents to any such proceeding.

4.2 REMEDIES FOR EVENTS OF DEFAULT.  Upon the occurrence of an Event of Default,
the Lender may:

     (a)  immediately  declare due and payable  the  outstanding  balance of the
          Loan and any unpaid accrued Interest without presentment of the Notes,
          and without demand, protest or other notices of any kind, all of which
          are expressly waived by the Borrower; and/or

     (b)  exercise any and all rights, powers,  remedies and recourses available
          to the Lender under the Loan Document, at law, in equity or otherwise.

4.3 WAIVER OF DEFAULT.  The Lender may, in writing in their absolute  discretion
at any time and from time to time,  waive any breach by the  Borrower  of any of
its  covenants  in this  Agreement,  provided  that  any  such  waiver  does not
constitute  a  continuing  waiver and does not  constitute a waiver of any other
term or provision of this Agreement.

4.4 NO WAIVER.  No failure or delay on the part of the Lender in exercising  any
right, power or privilege under this Agreement operates as a waiver thereof; nor
does any single or partial exercise of any right,  power or privilege under this
Agreement  preclude any other or further exercise thereof or the exercise of any
other  right,  power or  privilege.  The rights and  remedies in this  Agreement
expressly  specified are  cumulative and not exclusive of any rights or remedies
which the Lender  would  otherwise  have.  The  acceptance  by the Lender of any
payment  of or on  account  of the Loan  after a default  or of any  payment  on
account  of any  partial  default is not to be  construed  to be a waiver of any
right  to take  advantage  of any  future  default  or of any past  default  not
completely  cured thereby.  The Lender may exercise any and all rights,  powers,
remedies  and  recourses  available to them under this  Agreement,  or any other
remedy available to them,  concurrently or individually without the necessity of
an election.

5. GENERAL

5.1 PERSON.  References in this Agreement to a "person" includes any individual,
partnership,   joint  venture,  company,  corporation,   unincorporated  entity,
government  entity or other  entity,  whether  having  legal  status or not, and
includes persons acting in concert with each other.

5.2 CURRENCY.  All  references  to dollars or currency in this  Agreement are to
United States dollars.
<PAGE>
                                                                     Page 6 of 8

5.3  GOVERNING  LAW. This  Agreement and all matters  arising under it are to be
governed by and construed in accordance with the laws of the State of Nevada and
the federal laws applicable  therein,  and each of the parties submit and attorn
to the jurisdiction of the courts of Nevada.

5.4  SEVERABILITY.  If any  provision  of this  Agreement or any part thereof is
determined to be invalid,  it is to be severable and severed from this Agreement
and the  remainder  of this  Agreement  is to be  construed  as if such  invalid
provision or part has been deleted from this Agreement.

5.5 NOTICE.  All notices,  demands and payments  under this Agreement must be in
writing and may be delivered personally, via e-mail or by facsimile transmission
to the  addresses  set out on the first page of this  Agreement or to such other
addresses  as may from time to time be notified in writing by the  parties.  All
notices will be deemed to have been given and received on the next  business day
following the date of transmission or delivery, as the case may be.

5.6  CO-OPERATION.  Each of the parties will execute all such further  documents
and do all such further things as may reasonably be required by another party in
order to give full effect to this Agreement.

5.7 FEES AND EXPENSES. The Borrower will pay to the Lender all of its reasonable
legal and other fees and  disbursements  in respect of the Loan,  including  the
preparation,  execution and carrying out of this Agreement,  and on default will
pay all costs,  charges and expenses of the Lender taken to protect and preserve
their security and in enforcing this Agreement.  All such costs and expenses are
payable by the  Borrower to the Lender on demand,  and in default of payment are
to bear interest at the Interest Rate.

5.8 NO PREJUDICE.  Nothing in this Agreement is to prejudice or impair any other
right or remedy that the Lender may  otherwise  have with respect to the Loan or
any rights or remedies  the Lender may have with respect to other loans that may
be made to the Borrower.

5.9 NO  ASSIGNMENT.  No party may  assign or  transfer  its  rights  under  this
Agreement,  or any portion of the Loan, without the prior written consent of the
other parties.

5.10 ENUREMENT.  This Agreement is binding upon and enures to the benefit of the
Borrower and the Lender and their respective successors and assigns.

5.11  CONFIDENTIALITY.  All documents associated with this transaction are to be
confidential  and the parties  will not  disclose  such  documents  to any other
person  except as may be  required  by law.  Each party will use its  reasonable
efforts to provide prior notice to the other parties of any such discloser.

5.12 TIME. Time is of the essence of this Agreement.

5.13 ENTIRE AGREEMENT;  CONFLICT OF INSTRUMENTS. The Loan Document represent the
entire  agreement  between the parties and supersede any prior  arrangements  or
agreement, whether in writing or not, among the parties.
<PAGE>
                                                                     Page 7 of 8

5.14 COUNTERPARTS. The parties may deliver this Agreement in counterparts and by
facsimile transmission, with the same effect as if all parties had all signed an
original copy of the same agreement,  and all  counterparts  are to be construed
together as one and the same agreement.

AS EVIDENCE OF THEIR AGREEMENT the parties have caused this Loan Agreement to be
executed and delivered as of the date first noted above.

VUMEE, INC.

Per: /s/ Michael Spiegel
    ------------------------------------------
    Authorized Signatory

MLJP LLC

Per: /s/ Authorized Signatory
    ------------------------------------------
    Authorized Signatory
<PAGE>
                                                                     Page 8 of 8

                                  SCHEDULE "A"

                                 PROMISSORY NOTE

June 29, 2012

TO: MLJP LLC (the "LENDER")

FOR VALUE  RECEIVED,  DATA  PANGEA LLC.  (the  "BORROWER")  acknowledges  itself
indebted  and  promises to pay to, or to the order of, the Lender at the address
indicated  above the sum of three  hundred  and fifty  dollars  ($350,000)  (the
"PRINCIPAL  SUM"),  together  with  interest on the  outstanding  balance of the
Principle Sum from time to time at the rate equal to 12% PER ANNUM,  both before
and after maturity,  on September 1, 2013,  subject to any  restrictions on such
demand as set out in a Loan Agreement  between the Lender and the Borrower dated
as of June 29, 2012. Interest shall be payable quarterly, in arrears, commencing
three months after the date of the promissory note.

If any  payment is not made when  required  to be made in  accordance  with this
promissory note,  interest is to be paid by the Borrower on such overdue amount,
including any accrued and unpaid interest,  in the same manner as is paid on the
Principal Sum.

The Borrower waives  presentment  for payment,  protest or notice of protest and
notice of dishonour of this promissory note.

DATED at _________________________, this 29th day of June, 2012.

DATA PANGEA LLC.

Per: __________________________________

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