Document:

Unassociated Document

    THIS
      NOTE AND THE UNDERLYING COMMON STOCK (NOTE AND COMMON STOCK TOGETHER, THE
“SECURITIES”) OF INTERSTATE DATA USA, INC. (THE “COMPANY”) ISSUABLE UPON
      CONVERSION OF THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
      1933, AS AMENDED. THE SECURITIES OF THE COMPANY MAY NOT BE SOLD, OFFERED FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THESE SECURITIES UNDER SAID ACT OR AN OPINION OF COUNSEL
      REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    Principal
      Amount: USD$100,000.00                        Issue
      Date: December 12, 2007

     

    

    CONVERTIBLE
      NOTE

    

    FOR
      VALUE
      RECEIVED, INTERSTATE DATA USA, INC., a Delaware corporation (hereinafter called
      "Borrower"), hereby promises to pay to Mr
      Apollos Ikpobe at 34 Ajose Adeogun Street Victoria Island Nigeria, Fax:
      713-961-3345 (the "Holder"), without demand, the sum of One hundred Thousand
      Dollars ($100,000.00), with interest accruing thereon at 12%
      per
      annum, on the Maturity Date (defined hereunder), if not converted or retired
      sooner pursuant to the provisions of this Note.

    

    This
      Note
      has been entered into pursuant to the terms of a subscription agreement between
      the Borrower and the Holder, dated of even date herewith (the “Subscription
      Agreement”), and shall be governed by the terms of such Subscription Agreement.
      Unless otherwise separately defined herein, all capitalized terms used in this
      Note shall have the same meanings as set forth in the Subscription Agreement.
      The following terms shall apply to this Note:

    

    ARTICLE
      I

    

    GENERAL
      PROVISIONS

    

    1.1 Interest
      Rate; Payments.
      The
      interest rate hereunder shall be 12%
      per
      annum calculated on a 365 day year. Payments of interest hereunder are due
      on a
      monthly basis in arrears commencing 30 days following the Issue Date first
      written above in accordance with the Payment Schedule annexed hereto as Schedule
      I.

    

    1.2 Conversion
      Privileges.
      The
      conversion privileges of the Holder set forth in Article II shall remain in
      full
      force and effect until the Note is paid in full. The Note shall be payable
      in
      full on the Maturity Date, unless previously converted into Common Stock of
      the
      Borrower in accordance with Article II hereof.

    

    1.3 Prepayment.
      This
      Note may be prepaid, in whole or in part, at any time and without notice to
      the
      Holder, in the Borrower’s sole discretion.

    

    1.4 Maturity
      Date.
      Subject
      to the right of the Holder with respect to its conversion rights hereunder,
      all
      outstanding principal with interest accruing thereon is otherwise due on JUNE
      30, 2008 (180 days only").

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      II

    

    CONVERSION
      RIGHTS

    

    The
      Holder shall have the option to convert the principal and any interest due
      under
      this Note into shares of the common stock of Borrower, $0.001 par value per
      share (the “Common Stock”) as set forth below.

    

    2.1. Conversion
      into Borrower’s Shares of Common Stock.

    

    (a) The
      Holder may elect to convert any outstanding and unpaid principal portion of
      this
      Note, and accrued interest (the date of giving of such notice of conversion
      being a "Conversion Date") into Common Stock as such interest exist on the
      date
      of issuance of this Note, or any shares of capital stock or securities of
      Borrower into which such Common Stock shall hereafter be changed or
      reclassified, at the conversion price as defined in Section 2.1(b) hereof (the
      "Conversion Price"), determined as provided herein. Upon delivery to the
      Borrower of a completed Notice of Conversion, a form of which is annexed hereto,
      Borrower shall issue and deliver to the Holder within three (3) business days
      after the Conversion Date (such third day being the “Delivery Date”) a
      certificate evidencing the Common Stock issuable for the portion of the Note
      converted in accordance with the foregoing. At the election of the Holder,
      the
      Borrower will deliver accrued but unpaid interest on the Note, if any, through
      the Conversion Date directly to the Holder on or before the Delivery Date.
      The
      Common Stock issuable upon conversion of this Note shall be determined by
      dividing that portion of the principal of the Note and interest, if any, to
      be
      converted, by the Conversion Price.

    

    (b) Subject
      to adjustment as provided in Section 2.1(c) hereof, the Conversion Price per
      share of Common Stock shall be $1.50 (“Fixed Conversion Price”).

    

    (c) 
      The
      Fixed Conversion Price and number and kind of shares or other securities to
      be
      issued upon conversion determined pursuant to Section 2.1(a), shall be subject
      to adjustment from time to time upon the happening of certain events while
      this
      conversion right remains outstanding, as follows:

    

    A. Merger,
      Sale of Assets, etc. If the Borrower at any time shall consolidate with or
      merge
      into or sell or convey all or substantially all its assets to any other
      corporation, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      such number and kind of shares or other securities and property as would have
      been issuable or distributable on account of such consolidation, merger, sale
      or
      conveyance, upon or with respect to the securities subject to the conversion
      or
      purchase right immediately prior to such consolidation, merger, sale or
      conveyance. The foregoing provision shall similarly apply to successive
      transactions of a similar nature by any such successor or
      purchaser.

    

    B. Reclassification,
      etc. If the Borrower at any time shall, by reclassification or otherwise, change
      the Common Stock into the same or a different number of securities of any class
      or classes that may be issued or outstanding, this Note, as to the unpaid
      principal portion thereof and accrued interest thereon, shall thereafter be
      deemed to evidence the right to purchase an adjusted number of such securities
      and kind of securities as would have been issuable as the result of such change
      with respect to the Common Stock issuable immediately prior to such
      reclassification or other change.

    

    C. Dividends.
      If dividends are paid on the Common Stock in issuances of additional shares
      of
      Common Stock in the Company, the Conversion Price shall be proportionately
      adjusted in case of dividend, by the ratio in which the shares of Common Stock
      in the Company outstanding immediately after such event bears to the total
      Common Stock in the Company outstanding immediately prior to such
      event.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    2.2 Method
      of Conversion.
      This
      Note may be converted by the Holder in whole or in part as described in Section
      2.1(a) hereof. Upon partial conversion of this Note, a new Note containing
      the
      same date and provisions of this Note shall, at the request of the Holder,
      be
      issued by the Borrower to the Holder for the principal balance of this Note
      and
      interest which shall not have been converted or paid.

    

    ARTICLE
      III

    

    EVENT
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon written demand from Holder:

    

    3.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of principal, interest or other sum due
      under this Note when due and such failure continues for a period of ninety
      (90)
      days after the due date. 

    

    3.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of the
      Subscription Agreement or this Note in any material respect and such breach,
      if
      subject to cure, continues for a period of thirty (30) days after written notice
      to the Borrower from the Holder.

    

    3.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, in the
      Subscription Agreement, or in any agreement, statement or certificate given
      in
      writing pursuant hereto or in connection therewith shall be false or misleading
      in any material respect as of the date made and the closing date, and would
      otherwise have a material adverse effect on the Borrower.

    

    3.4 Receiver
      or Trustee.
      The
      Borrower shall make an assignment for the benefit of creditors, or apply for
      or
      consent to the appointment of a receiver or trustee for it or for a substantial
      part of its property or business; or such a receiver or trustee shall otherwise
      be appointed.

    

    3.5 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower and if instituted against Borrower are
      not
      dismissed within 45 days of initiation.

     

    ARTICLE
      IV

    

    MISCELLANEOUS

    

    4.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

     

    4.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower, to: Randy Carpenter,
      1900
      West Loop South, #1850, Houston, TX 77027.,
      Phone:
      (713) 961-3324, with a copy by telecopier only to: Blank Rome LLP, 1200 N.
      Federal Highway, Suite 417, Boca Raton, FL 33432, Attn: Rebecca G. DiStefano,
      Esq., telecopier: (561) 417-8195, and (ii) if to the Holder, to: Apollos Ikpobe
      of 84 Ajose Adeogun Street Victoria Island Lagos Nigeria. Phone; +234 802 224
      3065.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    4.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    4.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    4.5 Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of Delaware. Any action brought by either party against the other concerning
      the
      transactions contemplated by this Agreement shall be brought only in the state
      courts of Kentucky or Texas or in the federal courts located in those states.
      Both parties and the individual signing this Note on behalf of the Borrower
      agree to submit to the jurisdiction of such courts. The prevailing party shall
      be entitled to recover from the other party its reasonable attorney's fees
      and
      costs.

    

    4.6 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

    

    4.7 Stockholder
      Status.
      The
      Holder shall not have rights as a stockholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have all the rights
      of a stockholder of the Borrower with respect to the shares of Common Stock
      to
      be received by Holder after delivery by the Holder of a Conversion Notice to
      the
      Borrower.

    

    [Signature
      Page to Follow]

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    [Note
      Signature Page]

    

    IN
      WITNESS WHEREOF,
      Borrower has caused this Note to be executed by an authorized officer as of
      the
      12th day of December, 2007.

     

    
      	 	 	 
	 	
              INTERSTATE
                DATA USA, INC.

            
	 
 	 
 	 
 
	
            	By:  	
	 	
              

              Name:
                Randy Carpenter

              Title:
                President

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    NOTICE
      OF CONVERSION

    

    (To
      be
      executed and delivered by the Holder in order to convert the
      Note)

    

    The
      undersigned hereby elects to convert $_____________ of
      the
      principal and $_________ of the interest due on the Note issued by Interstate
      Data USA, Inc. (the “Borrower”) on __________, 2008 into Common Stock of the
      Borrower according to the conditions set forth in such Note, as of the date
      written below.

     

    Date
      of
      Conversion:  

    
      

    

     

    Conversion
      Price:

    
      
        

      

    

     

    Shares
      of
      Common Stock To Be Issued: 

    
      
        

      

    

    

    Signature:   

    
      

    

     

    Print
      Name:  

    
      

    

     

    Address:  

    
      

    

    

    
      
        

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

         

      

    

    Schedule
      I

    

    Payment
      Schedule

     

    
      
        
        

      

      
        7Unassociated Document

    EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (“Agreement”) made effective as of the 25th day of March
      2006 (the “Effective Date”), by and between INTERSTATE
      DATA USA, INC.,
      a
      Delaware corporation (referred to as the “Corporation”), with its principal
      operating offices located in Houston, Texas, and
      RANDY R. CARPENTER,
      an
      individual resident of the State of Kentucky (referred to as
“Employee”).

    

    WITNESSETH

    

    WHEREAS,
      the Corporation is engaged in the business of providing on - line interstate
      highway mapping and other related services (the “Business”); and

    

    WHEREAS,
      heretofore the Employee has served as the President of the Corporation;

    

    WHEREAS,
      the Corporation desires to employ Employee as an employee and as its President;
      and.

    

    WHEREAS,
      Employee is willing to accept such employment by Corporation, on the terms
      and
      subject to the conditions set forth in this Agreement.

    

    AGREEMENT

    

    NOW,
      THEREFORE,
      for and
      in consideration of the premises and mutual agreements herein set forth, and
      other good and valuable consideration, the receipt of which is hereby
      acknowledged, Employee and Corporation covenant and agree as
      follows:

    

    1. DEFINITIONS

    

    For
      the
      purposes of this Agreement, the following terms have the meanings specified
      or
      referred to in this Section 1:

    

    “Agreement”
      this
      Employment Agreement, as amended from time to time. 

    

    “Base
      Salary”
      as
      defined in Section 3.1(a).

    

    “Benefits” as
      defined in Section 3.1(b).

    

    “Board
      of Directors”
      the
      board of directors of the Corporation.

    

    “Cause”
      as
      defined in Section 7.3.

     

    
      Employment
        Agreement

      of
        Randy R. Carpenter

       

      
        
          
          

        

        
          Page
            1

          
            

          

        

        
          
          

        

         

      

    

    “Confidential
      Information”
      any and
      all

    

    (a) trade
      secrets concerning the business and affairs of the Corporation and its
      subsidiaries and affiliates (collectively, the “Affiliates”), business models,
      data, know - how, formulae, compositions, processes, designs, sketches,
      photographs, graphs, drawings, samples, inventions and ideas;

    

    (b) certain
      corporate books and records;

    

    (c) information
      regarding marketing and selling plans, business models, business plans, budgets
      and unpublished financial information, prices and costs, and clients, that
      reasonably relate to Corporation’s and/or the Affiliates current or proposed
      services, products and business plans;

    

    (d) information
      regarding the skills and compensation of other employees or consultants of
      Corporation and/or the Affiliates;

    

    (e) client
      and prospective client information; and

    

    (f) information
      concerning the business and affairs of the Corporation and/or the Affiliates
      which includes historical financial statements, financial projections and
      budgets, historical and projected sales, capital spending budgets and plans,
      the
      names and backgrounds of key personnel, personnel training and techniques and
      materials, however documented.

    

    As
      used
      in this Agreement, the term “Confidential Information” excludes any information
      that: (i) is or becomes generally available to the public on a non-confidential
      basis other than as a result of actions by the Employee in violation of this
      Agreement; (ii) is or becomes available to the Employee on a non-confidential
      basis from a source other than the Corporation and/or the Affiliates or its
      representatives that is not, to the knowledge of the Employee prohibited from
      disclosing such information to the Employee by a legal, contractual, fiduciary
      or other obligation to the Corporation and/or the Affiliates or another party;
      or (iii) was known to the Employee at the time of its first
      disclosure.

    

    “Disability”
      as
      defined in Section 7.2.

    

    “Effective
      Date”
      the date
      stated in the first paragraph of the Agreement.

    

    “Good
      Reason”
      as defined
      in Section 7.4.

    

    “Person”
      any
      individual, corporation (including any nonprofit corporation), general or
      limited partnership, limited liability company, joint venture, estate, trust,
      association, organization, or governmental body.

     

     

    
      Employment
        Agreement

      of
        Randy R. Carpenter

       

      
        
          
          

        

        
          Page
            2

          
            

          

        

        
          
          

        

      

    

    
       

      “Term”
        the term
        of the Employee's employment under this Agreement.

       

    

    2. EMPLOYMENT
      TERMS AND DUTIES

    

    2.1 Employment.
      The
      Corporation hereby employs the Employee, and the Employee hereby accepts
      employment by the Corporation, upon the terms and conditions set forth in this
      Agreement.

    

    2.2 Term.
      The
      Employment Period will commence on the Effective Date and will continue until
      termination as specified in Section 6 (the “Term”).

    

    2.3 Duties.
      The
      Employee will serve as President of the Corporation and the Corporation will
      cause Employee to be elected as a director on the Board of Directors of the
      Corporation. Employee shall have such duties, authority, and responsibilities
      provided for in the Corporation agreement of the Corporation and as customarily
      recognized for such offices and titles under Delaware law. The Employee will
      devote his time, attention, skill, and energy to promote the success of the
      Corporation's business, and will cooperate fully with the Board of Directors
      in
      the advancement of the best interests of the Corporation. Nothing in this
      Section 2.3, however, will prevent the Employee from engaging in additional
      activities in connection with personal investments and community affairs that
      are not inconsistent with the Employee's duties under this Agreement. The
      foregoing shall not be construed as preventing Employee from making investments
      in other businesses or enterprises provided such investments do not require
      the
      provisions of substantial services by Employee to the operations or the affairs
      of such businesses or enterprises such that the provisions thereof would
      interfere in any material respect with the performance of Employee's duties
      hereunder. The Employee will not be assigned additional duties, authority or
      offices without the Employee’s consent. 

    

    3. COMPENSATION

    

    3.1 Basic
      Compensation

    

    (a) Base
      Salary.
      The
      Employee will be paid an annual salary of $150,000.00, from the Effective Date
      through the first calendar year from the Effective Date. The Employee will
      be
      paid an annual salary of $200,000.00, from the end of the first calendar year
      from the Effective Date through the end of the second calendar year from the
      Effective Date. The Employee will be paid an annual salary of $250,000.00,
      from
      the end of the second year from the Effective Date through the end of the third
      year after the Effective Date. The Base Salary will be subject to upward
      adjustment as provided below which will be payable, subject to such withholdings
      as are required by law, in equal periodic installments according to the
      Corporation's customary payroll practices, but not less frequently than monthly.
      The Base Salary will be reviewed by the Board of Directors not less frequently
      than annually, and may be adjusted upward at any time in the sole discretion
      of
      the Board of Directors.

     

    
      Employment
        Agreement

      of
        Randy R. Carpenter

       

      
        
          
          

        

        
          Page
            3

          
            

          

        

        
          
          

        

         

      

    

    (b) The
      Employee will, during the Employment Period, receive Corporation-sponsored
      benefits that are available to other senior executives of the Corporation,
      including life and health insurance and shall be permitted to participate in
      such employee benefit plans of the Corporation that
      may
      be in effect from time to time, to the extent the Employee is eligible under
      the
      terms of those plans (collectively, the “Benefits”). Employer shall pay all
      premiums for Employee and his dependents under any group medical and dental
      insurance plans.

    

    3.2 Bonus.
      The
      Employee shall be eligible for bonus compensation in the amount of $180,000
      at
      the end of the first year after the Effective Date in the event the initial
      public offering of the Corporation is successful. The Employee shall be eligible
      for other bonus compensation to be awarded at such times and in such amounts
      as
      determined by the Corporation in its sole discretion.

    

    4. EXPENSES

    

    4.1 Business
      Expenses. The
      Employee is encouraged and is expected, from time to time, to incur reasonable
      expenses for promoting the business of the Corporation, including expenses
      for
      meals, entertainment, travel, business related charges to Employee’s cellular
      phone account, if any, and similar items. The Corporation agrees that during
      the
      Term of Employment it will reimburse the Employee for such out-of-pocket
      expenses reasonably incurred by Employee in connection with the performance
      of
      Employee’s services hereunder and the promotion of the business and goodwill of
      the Corporation. In addition, Corporation shall provide Employee with parking
      within or adjacent to the Employee’s office location.

    

    5. VACATIONS
      AND HOLIDAYS

    

    During
      the Employment Period, the Employee will be entitled to vacations with pay,
      of
      not less than 30 days per year, and additional time, in accordance with the
      established practices of the Corporation now or hereafter in effect for
      executive personnel. Employee is vested in 30 days vacation with pay upon
      execution of this Agreement. Any unused vacation time in any given calendar
      year
      shall be carried forward to succeeding calendar years.

    

    6. TERMINATION
      PRIOR TO EXPIRATION OF EMPLOYMENT PERIOD

    

    6.1 Events
      of Termination

    

    The
      Employment Period will terminate (except as otherwise provided in this Section
      6):

     

    
      Employment
        Agreement

      of
        Randy R. Carpenter

       

      
        
          
          

        

        
          Page
            4

          
            

          

        

        
          
          

        

         

      

    

    
      
        (a)
          for
          disability (as defined in Section 6.2), upon not less than sixty days'
          prior
          notice from the Corporation to the Employee, or at such later time as such
          notice may specify; or

      

    

    

    
      (b)for
        Cause
        (as defined in     Section 6.3)
        immediately upon notice from the Corporation to the Employee, or at such
        later
        time as such notice may specify; or

    

    

    
      (c)for
        Good
        Reason (as defined in Section 6.4) upon not less than thirty days' prior
        notice
        from the Employee to the Corporation or at such later time as such notice
        may
        specify; or

       

    

    
      
                                                   

        (d)
          upon
          the
          death of the Employee; or

      

    

    

    
      
        (e)
          upon
          thirty (30) days written notice from Employee; or

      

    

    

    
      
        (f)
          upon
          thirty (30) days written notice from Employer.

      

    

    

    6.2 Definition
      of Disability.
      For
      purposes of Section 6.1, the Employee will be deemed to have a “disability” if,
      for physical or mental reasons, the Employee is unable to perform the essential
      functions of the Employee's duties under this Agreement for ninety (90)
      consecutive days, or ninety (90) days during any twelve (12) month period,
      as
      determined in accordance with this Section 6.2. If the Employee is covered
      under
      a disability insurance policy, then whether the Employee has a “disability”
shall be determined in accordance with the terms of such policy. Otherwise,
      the
      disability of the Employee will be determined by a medical doctor selected
      by
      written agreement of the Corporation and the Employee upon the request of either
      party by notice to the other. If the Corporation and the Employee cannot agree
      on the selection of a medical doctor, each of them will select a medical doctor
      and the two medical doctors will select a third medical doctor who will
      determine whether the Employee has a disability. The determination of the
      medical doctor selected under this Section 6.2 will be binding on both parties.
      The Employee must submit to a reasonable number of examinations by the medical
      doctor making the determination of disability under this Section 6.2, and the
      Employee hereby authorizes the disclosure and release to the Corporation of
      such
      determination and all supporting medical records. If the Employee is not legally
      competent, the Employee's legal guardian or duly authorized attorney - in -
      fact
      will act in the Employee's stead, under this Section 6.2, for the purposes
      of
      submitting the Employee to the examinations, and providing the authorization
      of
      disclosure, required under this Section 6.2.

    

    6.3 Definition
      of “Cause.” “Cause”
      means:

    

    (a) the
      Employee's willful breach of this Agreement;

    

    (b) the
      appropriation of a material business opportunity of the Corporation, including
      attempting to secure or securing any personal profit in connection with any
      transaction entered into on behalf of the Corporation without the consent of
      the
      Corporation;

     

    
      Employment
        Agreement

      of
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    (c) the
      misappropriation of any of the Corporation's funds or property;

    

    (d) the
      conviction of, the indictment for (or its procedural equivalent), or the
      entering of a guilty plea or plea of no contest with respect to, a felony or
      a
      misdemeanor involving fraud, embezzlement or theft.

    

    The
      Corporation shall not be entitled to give notice of termination of employment
      for Cause pursuant to subsection (a) through (c) above until the Corporation
      gives Employee at least fifteen (15) days written notice of any such cause,
      stating with particularity the facts and circumstances forming the basis of
      such
      cause and Employee is given an opportunity to cure such claims within such
      fifteen (15) day period.

    

    6.4 Definition
      of “Good Reason.”
      The
      phrase “Good Reason” means any of the following:

    

    (a) the
      Corporation's material breach of this Agreement;

    

    (b) the
      assignment of the Employee without his consent to a position, responsibilities,
      or duties of a materially lesser status or degree of responsibility than his
      position, responsibilities, or duties at the Effective Date;

    

    (c) the
      requirement by the Corporation that the Employee be based anywhere other than
      the Corporation's principal executive offices, in either case without the
      Employee's consent;

    

    (d) a
      material decrease in Employee’s Base Salary in violation of Section
      3.1(a);

    

    (e) a
      material change in the Corporation’s operating policy, as compared to
      Corporation’s operations immediately prior to such change that materially and
      adversely curtails or interferes with the Employee’s ability to perform the
      services required of Employee’s position;

    

    (g) a
      Change
      of Control (as defined below); or

    

    (h) the
      occurrence of circumstances establishing constructive discharge under the common
      law of the State of Texas.

    

    6.5 Effect
      of Termination Upon Disability.
      In the
      event of termination of employment by reason of disability:

     

    
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    (a) The
      Corporation will pay Employee his Base Salary in accordance with the
      Corporation’s payroll schedule until the end of the month in which the first
      anniversary of Employee’s termination for disability is effective;
      and

    

    (b) The
      Corporation will pay Employee the cash value of any accrued unused vacation
      time
      from previous calendar years; and 

    

    (c) The
      Corporation will pay Employee all earned or accrued and unpaid Benefits through
      the end of the month in which Employee’s termination for disability occurs;
      and

    

    (d) The
      Corporation will reimburse Employee for all unreimbursed expenses, in accordance
      with Sections 4.1 and 4.2.

    

    6.6 Effect
      of Termination for Cause. In
      the
      event the Corporation terminates Employee’s employment for cause:

    

    (a) The
      Corporation will pay Employee his Base Salary through the end of the month
      in
      which termination is effective; and

    

    (b) The
      Corporation will pay Employee the cash value of any accrued unused vacation
      time
      from previous calendar years; and

    

    (c) The
      Corporation will pay Employee all earned or accrued and unpaid Benefits;
      and

    

    (d) The
      Corporation will reimburse Employee for all unreimbursed expenses, in accordance
      with Sections 4.1 and 4.2; and

    

    (e) The
      Corporation’s obligation to make any other payments shall immediately
      terminate.

    

    6.7 Termination
      by the Employee for Good Reason.
      If the
      Employee terminates this Agreement for good reason:

    

    (a) The
      Corporation will pay the Employee's Base Salary for eighteen (18) months from
      the end of the month in which the termination is effective; and

    

    (b) The
      Corporation will pay Employee the cash value of any accrued unused vacation
      time
      from previous calendar years; and 

     

    
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    (c) The
      Corporation shall pay Employee all earned or accrued and unpaid Benefits for
      eighteen (18) months from the end of the month in which the termination is
      effective; and

    

    (d) The
      Corporation will reimburse Employee for all unreimbursed expenses, in accordance
      with Sections 4.1 and 4.2; and

    

    (e) The
      Employee shall receive all Benefits (including health insurance) in accordance
      with Section 3.1 and life insurance in accordance with Section 4.3 for eighteen
      (18) months after the month in which the termination is effective;
      and

    

    (f) The
      Employee may exercise the Put Option.

    

    6.8 Termination
      upon Death.
      If this
      Agreement is terminated because of the Employee's death, the Employee’s legal
      representatives shall be entitled to receive:

    

    (a) the
      Employee's Base Salary for the a period of twelve (12) months from the end
      of
      the month in which the Employee’s death occurs; and

    

    (b) the
      cash
      value of any accrued unused vacation time from previous calendar years; and
      

    

    (c) all
      earned or accrued and unpaid Benefits through the end of the month in which
      the
      Employee’s death occurs; and

    

    (d) all
      unreimbursed expenses, in accordance with Sections 4.1 and 4.2.

    

    6.9 Termination
      upon Notice by Employee.
      If the
      Employee terminates this Agreement without Good Reason, then:

    

    (a) The
      Corporation shall pay Employee his Base Salary through the end of the month
      in
      which the termination is effective; and

    

    (b) The
      Corporation shall pay Employee the cash value of any accrued unused vacation
      time from previous calendar years; and 

    

    (c) Employee
      shall receive all earned or accrued and unpaid Benefits through the end of
      the
      month in which Employee’s termination is effective; and

    

    (d) The
      Corporation will reimburse Employee for all unreimbursed expenses, in accordance
      with Sections 4.1 and 4.2; and

    

    (e) the
      Corporation’s obligation to make any other payments shall immediately
      terminate.

     

    
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    6.10 Termination
      upon Notice by Employer.
      If the
      Employer terminates this Agreement without Cause, then:

    

    (a) The
      Corporation will pay the Employee's Base Salary for eighteen (18) months from
      the end of the month in which the termination is effective; and

    

    (b) The
      Corporation will pay Employee the cash value of any accrued unused vacation
      time
      from previous calendar years; and 

    

    (c) The
      Corporation shall pay Employee all earned or accrued and unpaid Benefits for
      eighteen (18) months from the end of the month in which the termination is
      effective; and

    

    (d) The
      Corporation will reimburse Employee for all unreimbursed expenses, in accordance
      with Sections 4.1 and 4.2; and

    

    (e) The
      Employee shall receive all Benefits (including health insurance) in accordance
      with Section 3.1 and life insurance in accordance with Section 4.3 for eighteen
      (18) months after the month in which the termination is effective;
      and

    

    (f) The
      Employee may exercise the Put Option.

    

    6.11 Other
      Benefits upon Termination.
      The
      Employee's accrual of, or participation in employee benefit plans will cease
      at
      the effective date of the termination of this Agreement, and the Employee will
      be entitled to accrued benefits pursuant to such plans as provided in such
      plans
      or as required under applicable law. Except in the case of termination by the
      Corporation for Cause, the Employee will receive compensation for any vacation,
      holiday, sick leave, or other leave unused as of end of the month in which
      the
      termination of employment occurs.

    

    
      
        7.
          CHANGE
          IN CONTROL

      

    

    

    For
      purposes of this Agreement, a "Change of Control" shall be deemed to have taken
      place if: (i) a third person, entity or group of persons, including a "group"
      as
      defined in Section 13(d)(3) of the Securities Exchange Act of 1934, becomes
      the
      beneficial owner of fifty percent 40% or more of either the outstanding shares
      of common stock or the combined voting power of Corporation’s then outstanding
      voting securities entitled to vote generally upon any corporate action proposed
      to shareholders for approval or adoption; or (ii) as a result of, or in
      connection with, any cash tender or securities exchange offer, merger, or other
      business combination, sale of assets or contested election, or any combination
      of the foregoing transactions (a "Transaction"), the persons who were directors
      of the Corporation before the Transaction shall cease to constitute a majority
      of the Board of the Corporation or any successor corporation. 

     

    
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    8. NON
      - DISCLOSURE COVENANT

    

    8.1 Acknowledgments
      by the Employee.
      The
      Employee acknowledges that:

    

    (a) during
      the Employment Period and as a part of his employment, the Employee will be
      afforded access to Confidential Information;

    

    (b) public
      disclosure of such Confidential Information could have an adverse effect on
      the
      Corporation and its business; and

    

    (c) the
      provisions of this Section 8 are reasonable and necessary to prevent the
      improper use or disclosure of Confidential Information.

    

    8.2 Agreements
      of the Employee.
      In
      consideration of the compensation and benefits to be paid or provided by the
      Corporation under this Agreement, the Employee covenants as
      follows:

    

    (a) Confidentiality.
      During
      the Employment Period and for a period of one (1) year after the date of
      termination of the Term of Employment, regardless of the reason for termination
      and regardless of whether termination be by Corporation or Employee, the
      Employee will hold in confidence the Confidential Information and will not
      disclose it to any person except with the specific prior written consent of
      the
      Corporation or except as otherwise expressly permitted by the terms of this
      Agreement.

    

    (b) Non-Competition
      Covenant.
      So long
      as Employee is employed by Corporation and for a period of one (1) year after
      the date of termination of the Term of Employment, unless such termination
      is by
      Employee for Good Reason as provided in Section 6.7 or by the Corporation
      without Cause as provided in Section 6.10, in which event the provisions of
      this
      Section 8.2(b) shall not apply, the Employee specifically agrees that he will
      not in North America, for himself, on behalf of, or in conjunction with any
      person, firm or corporation other than the Corporation (either as principal,
      employee, shareholder, member, director, manager, partner, advisor, consultant,
      owner or part - owner of any corporation, Corporation or any type of business
      entity) do any of the following:

    

    (i) engage
      or
      participate in the Business of the Corporation;

    

    (ii) enter
      the
      employ of or render any services to any person actively engaged in or directly
      competitive with the Business;

     

    
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    (iii) directly
      or indirectly participate in the ownership, management, operation, financing
      or
      control of, or be employed by or consult for or otherwise render services to,
      any person, corporation, firm or other entity that actively and directly
      competes with Corporation in the Business; or

    

    (iv) directly
      solicit for employment any employee of the Corporation or any person who was
      employed by the Corporation within six (6) months prior to such
      solicitation.

    

    9. GENERAL
      PROVISIONS

    

    9.1 Injunctive
      Relief and Additional Remedy.

    

    (a) The
      Employee acknowledges that the injury that would be suffered by the Corporation
      as a result of a breach of the provisions of Section 8 of this Agreement would
      be irreparable and that an award of monetary damages to the Corporation for
      such
      a breach would be an inadequate remedy. Consequently, the Corporation will
      have
      the right, in addition to any other rights and remedies, including the recovery
      of money damages, it may have, to obtain injunctive relief to restrain any
      breach or threatened breach or otherwise to specifically enforce any provision
      of this Agreement, and the Corporation will not be obligated to post bond or
      other security in seeking such relief. Without limiting the Corporation's rights
      under this Section 9, or any other remedies of the Corporation, if the Employee
      breaches any of the provisions of Section 8, the Corporation will have the
      right
      to cease making any payments otherwise due to the Employee under this
      Agreement.

    

    (b) The
      Employee's covenants in Section 8 are independent covenants and the existence
      of
      any claim by the Employee against the Corporation under this Agreement or
      otherwise, or against the Buyer, will not excuse the Employee's breach of any
      covenant in Section 8.

    

    (c) If
      the
      Employee's employment hereunder expires or is terminated, this Agreement will
      continue in full force and effect as is necessary or appropriate to enforce
      the
      covenants and agreements of the Employee in Section 8; provided that the
      Corporation has fulfilled all obligations to Employee hereunder upon such
      termination.

    

    9.2 Waiver.
      The
      rights and remedies of the parties to this Agreement are cumulative and not
      alternative. Neither the failure nor any delay by either party in exercising
      any
      right, power, or privilege under this Agreement will operate as a waiver of
      such
      right, power, or privilege, and no single or partial exercise of any such right,
      power, or privilege will preclude any other or further exercise of such right,
      power, or privilege or the exercise of any other right, power, or privilege.
      To
      the maximum extent permitted by applicable law:

    
       

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    (a) no
      claim
      or right arising out of this Agreement can be discharged by one party, in whole
      or in part, by a waiver or renunciation of the claim or right unless in writing
      signed by the other party;

    

    (b) no
      waiver
      that may be given by a party will be applicable except in the specific instance
      for which it is given; and

    

    (c) no
      notice
      to or demand on one party will be deemed to be a waiver of any obligation of
      such party or of the right of the party giving such notice or demand to take
      further action without notice or demand as provided in this
      Agreement.

    

    9.3 Binding
      Effect; Delegation of Duties Prohibited.
      This
      Agreement shall inure to the benefit of, and shall be binding upon, the parties
      hereto and their respective successors, assigns, heirs, and legal
      representatives, including any entity with which the Corporation may merge
      or
      consolidate or to which all or substantially all of its assets may be
      transferred. The duties and covenants of the Employee under this Agreement,
      being personal, may not be delegated.

    

    9.4 Notices.
      All
      notices, consents, waivers, and other communications under this Agreement must
      be in writing and will be deemed to have been duly given when:

    

    (a) delivered
      by hand (with written confirmation of receipt),

    

    (b) sent
      by
      facsimile (with written confirmation of receipt), provided that a copy is mailed
      by registered mail, return receipt requested, or

    

    (c) when
      received by the addressee, if sent by a nationally recognized overnight delivery
      service (receipt requested), in each case to the appropriate addresses and
      facsimile numbers set forth below (or to such other addresses and facsimile
      numbers as a party may designate by notice to the other parties):

     

    
      	
               If
                to Corporation:

            	 	Interstate Data USA, Inc.
	 	 	
              c/o
                Mr. Vince Ebuh

            
	 	 	
              1980
                Post Oak Blvd. Suite 1460

            
	 	 	
              Houston,
                Texas 77056 

            
	 	 	 
	
              If
                to Employee:

            	 	Randy R.
              Carpenter

    

      

    10.5 Entire
      Agreement; Amendments.
      This
      Agreement and the Option Agreement contain the entire agreement between the
      parties with respect to the subject matter hereof and supersede all prior
      agreements and understandings, oral or written, between the parties hereto
      with
      respect to the subject matter hereof. This Agreement may not be amended orally,
      but only by an agreement in writing signed by the parties hereto.

     

    
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    10.6 Governing
      Law.
      This
      Agreement will be governed by the laws of the State of Texas without regard
      to
      conflicts of laws principles.

    

    10.7 Section
      Headings; Construction.
      The
      headings of Sections in this Agreement are provided for convenience only and
      will not affect its construction or interpretation. All references to “Section”
or “Sections” refer to the corresponding Section or Sections of this Agreement
      unless otherwise specified. All words used in this Agreement will be construed
      to be of such gender or number as the circumstances require. Unless otherwise
      expressly provided, the word “including” does not limit the preceding words or
      terms.

    

    10.8 Severability.
      If any
      provision of this Agreement is held invalid or unenforceable by any court of
      competent jurisdiction, the other provisions of this Agreement will remain
      in
      full force and effect. Any provision of this Agreement held invalid or
      unenforceable only in part or degree will remain in full force and effect to
      the
      extent not held invalid or unenforceable.

    

    10.9 Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which will be
      deemed to be an original copy of this Agreement and all of which, when taken
      together, will be deemed to constitute one and the same agreement.

    

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

    

    
      	 	 	 
	 	 	
              EMPLOYEE:

            
	 
 	 
 	 

              /s/
                Randy R. Carpenter

            
	 	
              

              Randy
                R. Carpenter

            

    

     

    
      	 	 	
              CORPORATION:

            
	 	 	 
	 	 	
              INTERSTATE
                DATA USA, INC. 

            
	 
 	 
 	 
 
	
            	
            	By:  /s/ Vincent O. Ebuh
	
               

            	
              
                

              

               

              Name:
                Vincent O. Ebuh

              
                

              

               

              Title:  
Chairman

              
                

              

            

    
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