Document:

EXHIBIT 10.2  

EMPLOYMENT AGREEMENT 

        THIS
AGREEMENT is effective March 1, 2005 and replaces the Employment Agreement entered
into on June 1, 2004. 

BETWEEN: 

	  	
THE
NEPTUNE SOCIETY, INC. a Florida corporation having its offices at 4312 Woodman Avenue,
Third Floor, Sherman Oaks, CA 91423;  

	  	
(the
“Company”)

AND: 

	  	
DANIEL
M. SOLBERG, an individual having his residence at 4474 Woodman Ave, #13, Sherman Oaks, CA
91423.  

	  	
(the
“Employee”)

        WHEREAS,
the Company wishes to obtain the services of the Employee, and the Employee is willing to
provide his service to the Company upon the terms and conditions set forth in this
Agreement. 

        NOW
THEREFORE, in consideration of the premises and mutual covenants and agreements herein
set forth, the parties hereto mutually covenant and agree as follows: 

CONTRACT FOR SERVICES  

     1.    
          The Company hereby engages the Employee to act as the Chief Financial Officer,
          Secretary and Treasurer of the Company. The Employee shall perform all duties
          incident to such position of Chief Financial Officer, Secretary and Treasurer
          and other duties as may reasonably be required from time to time by the Board of
          Directors of the Company. 

     2.    
          The Employee shall provide the services at the time and in the manner set forth
          herein. The Employee shall perform his duties out of the Sherman Oaks,
          California or Florida office of the Company, but the Company may, at its
          discretion, direct that the duties be provided on occasion in other locations.
          The Employee shall perform his duties as long as a suitable work permit is in
          effect from the appropriate governing authorities. 

VACATION  

     3.    
          Under this Agreement, the Employee is entitled to four weeks vacation per year. 

FEES AND EXPENSES  

4.1     In consideration of the Employee
providing his services as Chief Financial Officer, Secretary and Treasurer, the Company
shall pay to the Employee $200,000 annually. 

The Company shall provide directly to
the Employee, at no cost, vehicle parking at the office site. Medical or health insurance
benefits for the Employee and spouse shall be paid by the Company. The Employee will be
directly responsible for all necessary travel, auto, and any other expenses incurred by
the Employee in connection with the provision of the services hereunder, however, expenses
required to be paid by the Company for specifically required Company work, the Employee
shall furnish statements and receipts as a requirement for reimbursement. 

	  	
(a)
                         Automobiles. The Company
shall furnish the Employee with a vehicle. The Company                     will be
responsible for maintaining insurance and registration on such vehicle.  

	  	
(b)
                         Housing allowance. The
Company shall also provide the Employee with a monthly                     housing
allowance of $1,000. This amount is in addition to the annual
                    compensation as stated above.  

4.2     Annual Bonus. In addition to the
annual compensation set forth in paragraph 4.1 and conditioned on the Employee being
employed by the Company on December 31st of the applicable year, the Employee
shall be eligible to earn an annual bonus of up to a maximum of 100% of the
Employee’s annual compensation (the “Annual Bonus”). The Annual Bonus shall
be calculated based on achievement of yearly goals to be set by the Board of Directors on
or before December 31st of each year. The Annual Bonus, if any, shall be paid
to the Employee on or before March 31st of the calendar year following the year
in which the goals are achieved even if the Employee is no longer employed by the Company
on March 31st. For the calendar year 2005, the goals set by the Board of
Directors and the manner of calculating the Annual Bonus are attached hereto as Appendix
A. 

4.3     Stock Options. The stock options
granted to Employee in paragraph 4.3 of the Employment Agreement between the Company and
the Employee dated June 1, 2004 shall remain in force during the Term of this Agreement;
however, the period of time that Employee shall be entitled to exercise those options
shall be extended through and including May 31, 2008. 

4.4     Long Term Incentive. 

	  	
(1)              For
purposes of this paragraph, the capitalized terms shall have the meanings           set
forth below:  

	  	
(a)
                  “EBITDA” means Earnings
Before Interest, Taxes, Depreciation and           Amortization, calculated in accordance
with U.S. Generally Accepted Accounting           Principles. However, extraordinary or
non-recurring expenses such as costs           associated with the opening of a new
office shall not be included in the EBITDA           for purposes of this paragraph.  

	  	
(b)
               “Termination Date” means
the date on which Employee’s employment           terminates or the date on which
this Agreement expires.  

	  	
(c)
               “Employment Period” means
the period of time between the Effective           Date of this Agreement and the
Termination Date.  

	  	
(d)
               “Value” means EBITDA for
the fiscal year ended immediately prior to           the Termination Date, multiplied by
8.  

	  	
(e)
               “Base Value” means EBITDA
for the year ended December 31, 2004,           multiplied by 8. For purposes of this
Agreement, EBITDA for the year ended           December 31, 2004 is deemed to be
$3,125,000, and Base Value is deemed to be           $25,000,000.  

	  	
(f)
               “Increased Value” means
the positive difference between Value and           Base Value.  

	  	
(2)
                         In addition to the annual
compensation set forth in paragraph 4.1, Employee                     shall earn a
one-time bonus equal to 1.5% of the Increased Value (the                     “Bonus
Amount”). The Bonus Amount shall be paid in full within ninety
                    (90) days of the Termination Date. For purposes of example  

	  	
only,
in the event the Termination Date is February 28, 2008, and EBITDA for the fiscal year
ended immediately prior to February 28, 2008 is $6,000,000, Employee’s bonus shall be
equal to $345,000, i.e., [($48,000,000-$25,000,000) x 1.5% = $23,000,000 x 1.5% =
$345,000] 

	  	
(3)              No
Bonus Amount shall be earned by Employee or be payable hereunder in the event
          that:  

	  	
(a)              Employee
is terminated for cause; or  

	  	
(b)
               During the Employment Period, the
Value of the Company has not increased by a           minimum of 15% per year (as
averaged over the Employment Period).  

CONFIDENTIAL INFORMATION  

     5.    
          The Employee shall well and faithfully provide the service to the Company, and
          use his best efforts to promote the interest thereof and shall not disclose
          (either during the term of this Agreement or at any time thereafter) the private
          affairs of the Company or any trade secret of the Company, to any persons other
          than the Management of the Company, or as required in the normal course of
          business and shall not use (either during the continuance of this Agreement or
          at any time thereafter) for his own purposes, or for any purposes other than
          those of the Company, any information he may acquire with respect to the
          Company’s affairs. The Employee further agrees to execute such further and
          other agreements concerning the secrecy of the affairs of the Company or of any
          companies with which the Company is affiliated or associated, as the Management
          of the Company shall reasonably request. Furthermore, without restricting the
          generality of the foregoing, the Employee shall not either during the term of
          this Agreement or any time thereafter, directly or indirectly divulge to any
          person, firm or corporation: 

	  	
(a)
                         any intellectual property,
proprietary information, know-how, trade secrets,                     processes, product
specifications, new product information or methods of doing                     business
acquired in the course of providing the services hereunder;  

	  	
(b)
                         any information with
respect of Company personnel or organization, or any of                     the financial
affairs or business plans of the Company; or  

	  	
(c)
                         any information in respect
of Company pricing policies, sales statistics, sales                     and marketing
plans and strategies, profits, costs, or sourcing of clients.  

TERM OF AGREEMENT  

6.1     This Agreement shall become
effective on the 1st day of March 2005, and shall continue until February 28, 2008 unless
terminated upon mutual consent of the Employee and the Company, or until termination by
the Employee or the Company in accordance with Sections 7 or 8, whichever is earlier. 

6.2     At the Company’s option,
this Agreement will be renewed for one additional 12 month term commencing March 1, 2008.
The Company will provide the Employee with 90 days notice of exercising its option to
renew. 

BREACH OF AGREEMENT  

     7.    
          Without prejudice to any remedy the Company may have against the Employee for
          any breach or non-performance of this Agreement, the Company may terminate this
          Agreement, subject to Section 11, for breach by the Employee at any time
          effective immediately and without notice and without any payment for any
          compensation either by way of anticipated earnings or damage of any kind to him 

whatsoever, save and except in
respect of fees payable to the date of such termination. For the purposes of this
paragraph, any one of the following events shall constitute breach of this Agreement
sufficient for termination, provided however, that the following events shall not
constitute the only reasons for termination: 

	  	
(a)
                        being guilty of any
dishonesty or gross neglect in the provision of the                     services
hereunder; or  

	  	
(b)
                         being convicted of any
criminal offense, other than an offense which in the                     reasonable
opinion of the Company does not affect his position as a
                    representative of the Company; or  

	  	
(c)
                         becoming bankrupt or
making any arrangement or composition with his creditors;                     or  

	  	
(d)
                         alcoholism or drug
addiction of the Employee which impairs his ability to                     provide the
services required hereunder; or  

	  	
(e)
                         excessive and unreasonable
absence of the Employee from the performance of the                     services for any
reason other than for absence or incapacity specifically                     allowed
hereunder.  

	  	
(f)
                         The breach of any clause
or term, including but not limited to Section 6 of                     this Agreement and
the attached Addendum (if any) to this Agreement  

TERMINATION  

8.1          The Employee shall be
entitled to terminate this Agreement, at any time by giving 4 weeks notice in writing to
the C.E.O., C.O.O. or President of the Company. 

8.2     The Company shall be entitled to
terminate this Agreement at any time without cause by giving Employee four (4) weeks
notice in writing of the termination. In the event that Employee’s employment is
terminated without cause, the Company shall pay to Employee (i) any salary and accrued
vacation pay earned but unpaid as of the date of termination; (ii) a severance payment in
an amount equal to six months of the salary set forth in paragraph 4.1; (iii) the Bonus
Amount; and (iv) any Annual Bonus earned by the Employee but unpaid on the date of
termination. Items (i) and (ii) shall be paid on the date of termination. Item (iii) shall
be paid within ninety (90) days after the date of termination. Item (iv) shall be paid on
or before March 31st. The Company shall have no further obligation to Employee
hereunder. Employee acknowledges and agrees that the payments set forth herein constitute
liquidated damages for termination of his employment without cause and shall be
Employee’s sole and exclusive remedy. 

OWNERSHIP AND USE OF
WORK PRODUCTS  

9.1     The Employee agrees that any work
product produced by the Employee in furtherance of the business of the Company either
developed solely by the Employee or jointly with any other party will be the sole and
exclusive property of the Company. 

9.2     The Company acknowledges that
general knowledge and experience including general techniques, concepts, methods and
formulae not developed for the Company’s specific application or work gained by the
Employee prior to or in the course of his association with the Company, may be used by the
Employee at any time prior to, during or subsequent to his association with the Company,
unless a specific agreement to the contrary is entered into by the Employee and the
Company. 

9.3     This Agreement does not apply to
general techniques, formulae, concepts or method for which no equipment, supplies,
facility or other resources or trade secret information of the Company was used and which
was developed entirely on the Employee’s own time unless such general techniques,
formulae, concepts or method relates directly to the actual or specifically targeted
business of the Company. 

9.4     At any and all times, either
during the term of this Agreement or after termination hereof, the Employee will promptly,
on the request of the Company, perform all such reasonable acts and execute and deliver
all such documents that may be necessary to vest in the Company the entire right, title
and interest in and to any such work products determined, by the Company, to be the
exclusive property of the Company. Should any such services be rendered after expiration
or termination of this Agreement, a reasonable fee, mutually agreed upon by the Employee
and the Company, will be paid to the Employee on a per diem basis in addition to
reasonable expenses incurred as a result of rendering such services. 

RETURN OF PROPERTY  

     10.    
          In the event of termination of this Agreement, the Employee agrees to return to
          the Company any property, which may be in the possession or control of the
          Employee. 

SURVIVAL  

     11.    
          Notwithstanding the termination of this Agreement for any reason whatsoever the
          provisions of Section 5, 9, and 10 hereof and any other provision of this
          Agreement necessary to give efficacy thereto shall continue in full force and
          effect following such termination. 

NOTICE  

     12.    
          Any notice or other communication (each a “Communication”) to be given
          in connection with this Agreement shall be given in writing and will be given by
          personal delivery addressed as follows: 

	  	TO: 	  	
The Neptune Society                 

4312 Woodman Avenue, Third Floor    

Sherman Oaks, CA 91423              

Attention: President

	  	AND TO: 	  	
Daniel M. Solberg

4474 Woodman Ave, #13

Sherman Oaks, CA  91423

or at such other address as shall
have been designated by Communication by either party to the other. Any Communication
shall be conclusively deemed to have been received on the date of delivery. If the party
giving any Communication knows or ought reasonably to know of any actual or threatened
interruptions of the mails, any such Communication shall not be sent by mail but shall be
given by personal delivery. 

ENTIRE AGREEMENT  

     13.    
          This Agreement constitutes and expresses the whole agreement of the parties
          hereto with reference to the services of the Employee by the Company, and with
          reference to any of the matters or things herein provided for, or hereinbefore
          discussed or mentioned with reference to such services; all promises,
          representations, and understandings relative thereto being merged herein. 

AMENDMENTS AND WAIVERS  

     14.    
          No amendment of this Agreement shall be valid or binding unless set forth in
          writing and duly executed by both parties hereto. No waiver or any breach of any
          provision of this Agreement shall be effective or binding unless made in writing
          and signed by the party purporting to give the same and, unless otherwise
          provided in the written waiver, shall be limited to the specific breach waived. 

BENEFIT OF AGREEMENT  

     15.    
          The provisions of this Agreement shall ensure to the benefit of and be binding
          upon the legal personal representatives of the Employee and the successors and
          assigns of the Employee and the Company. 

SEVERABILITY  

     16.    
          If any provision of this Agreement is deemed to be void or unenforceable, in
          whole or in part, it shall not be deemed to affect or impair the validity of any
          other provision of this Agreement, and each and every section, subsection and
          provision of this Agreement is hereby declared and agreed to be severable from
          each other and every other section, subsection or provision hereof and to
          constitute separate and distinct covenants. The Employee hereby agrees that all
          restrictions herein are reasonable and valid. 

     17.    
          This Agreement shall be governed by and construed in accordance with the laws of
          the State of California. The Company and the Employee hereby irrevocably consent
          to the jurisdiction of the courts of the State of California. 

COPY OF AGREEMENT  

     18.    
          The Employee hereby acknowledges receipt of a copy of this Agreement duly signed
          by the Company. 

NUMBER AND GENDER  

     19.    
          Wherever the singular is used in this Agreement it is deemed to include the
          plural and wherever the masculine is used it is deemed to include the feminine
          or body politic or corporate where the context or the parties so require. 

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

	
THE NEPTUNE SOCIETY, INC. 	
EMPLOYEE  

	
            
            
            
            

Authorized Signatory 	
            
            
            
            

Daniel M. Solberg

	
            
            
            
            

Witness	
 

	
            
            
            
            

Name	
 

	
            
            
            
            

Address	
 

Appendix A 

        The
Annual Bonus shall be determined by multiplying the Gross Bonus Amount by the Bonus
Percentage. 

A.    The Bonus Percentage. 

        The
Board of Directors has established five goals to be achieved during the calendar year
2005. Those goals are: 

	  	1. 	  	Generate
$28 million in gross revenue;  

	  	2.  	  	Perform
2,692 at-need cases and           generate $7 million in total services revenue;  

	  	3.  	  	Sell
20,000 new pre-need           contracts and generate $19.95 million in pre-need revenue;  

	  	4.  	  	Achieve
$1 million           in net cash flow from operations and $2.5 million in EBITDA; and  

	  	5.  	  	Open
eight           (8) new locations.  

        For
each one of the above five goals that is achieved by the Company as of the end of the 2005
calendar year, the Employee shall be entitled to 20% of the Gross Bonus Amount as
calculated below (the “Bonus Percentage”). For purposes of example only, if the
Company achieves only one of the above five goals, the Bonus Percentage would be 20%; if
the Company achieves three of the above five goals, the Bonus Percentage would be 60%. 

B.    The Gross Bonus
Amount. 

        The
Gross Bonus Amount will be a product of two figures: (1) the EBITDA multiplier
times (2) the Employee’s annual, salary as set forth in paragraph 4.1. The
EBITDA multiplier will be determined by the EBITDA achieved as follows: 

	
EBITDA	
EBITDA Multiplier
	
Less than
$2,500,000	 	
7.5%	

	$2,500,000	 	30%	
	$3,000,000	 	45%	
	$3,500,000	 	60%	

        For
purposes of example only, if the Company achieves EBITDA for the calendar year 2005 of
$3,000,000, the Gross Bonus Amount shall be 75% of the annual salary set forth in
paragraph 4.1. 

C.    Bonus Amount
Calculation Example. 

        If
the annual salary is $200,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would
be $150,000. If the Bonus Percentage is 60%, the Annual Bonus would be $90,000.EXHIBIT 10.3  

EMPLOYMENT AGREEMENT  

        THIS
AGREEMENT is effective March 1, 2005 and replaces the Employment Agreement entered
into on September 1, 2004 as amended on February 7, 2005. 

BETWEEN: 

	  	
THE
NEPTUNE SOCIETY, INC. a Florida corporation having its offices at 4312 Woodman
Avenue, Third Floor, Sherman Oaks, CA  91423;

	  	
(the
“Company”)

AND: 

	  	
JAMES
FORD, an individual having his residence at 5210 Premiere Hills Circle, #233,
Woodland Hills, CA 91364  

	  	
(the
“Employee”)

        WHEREAS,
the Company wishes to obtain the services of the Employee, and the Employee is willing to
provide his service to the Company upon the terms and conditions set forth in this
Agreement. 

        NOW
THEREFORE, in consideration of the premises and mutual covenants and agreements herein
set forth, the parties hereto mutually covenant and agree as follows: 

CONTRACT FOR SERVICES  

     1.    
          The Company hereby engages the Employee to act as the Chief Operating Officer of
          the Company and shall perform all duties incident to such position of Chief
          Operating Officer and other duties as may reasonably be required from time to
          time by the C.E.O., C.F.O. or President of the Company. 

     2.    
          The Employee shall provide the services at the time and in the manner set forth
          herein. The Employee shall perform his duties out of the Sherman Oaks,
          California office or Florida office of the Company, but the Company may, at its
          discretion, direct that the duties be provided on occasion in other locations.
          The Employee shall perform his duties as long as a suitable work permit is in
          effect from the appropriate governing authorities. 

VACATION  

     3.    
          Under this Agreement, the Employee is entitled to four weeks vacation per year. 

FEES AND EXPENSES  

4.1     In consideration of the Employee
providing his services as Chief Operating Officer, the Company shall pay to the Employee
an annual salary of $170,000 during the first year of this agreement, $176,800 during the
second year of this agreement, and $183,872 during the third year of this agreement. 

The Company shall provide directly to
the Employee, at no cost medical or health benefits as described in the Neptune Employee
Manual. The Employee will be directly responsible for all necessary travel, auto, and any
other expenses incurred by the Employee in connection with the provision of the services
hereunder, however, expenses required to be paid by the Company for specifically required
Company work, the Employee shall furnish statements and receipts as a requirement for
reimbursement. 

4.2     Annual Bonus. In addition to the
annual compensation set forth in paragraph 4.1, and conditioned on the Employee being
employed by the Company on December 31 of the applicable year, the Employee shall be
eligible to earn an annual bonus of up to a maximum of 60% of the Employee’s annual
compensation (the “Annual Bonus”). The Annual Bonus shall be calculated based on
achievement of yearly goals to be set by the Board of Directors on or before December
31st of each year. The Annual Bonus, if any, shall be paid to the Employee on
or before March 31st of the calendar year following the year in which the goals
are achieved even if the Employee is no longer employed by the Company on March
31st. For the calendar year 2005, the goals set by the Board of Directors and
the manner of calculating the Annual Bonus are attached hereto as Appendix A. 

4.3      Long Term Incentive. 

	  	
(1)     For
purposes of this paragraph, the capitalized terms shall have the meanings           set
forth below:  

	  	
(a)    
         “EBITDA” means Earnings
Before Interest, Taxes, Depreciation and           Amortization, calculated in accordance
with U.S. Generally Accepted Accounting           Principles. However, extraordinary or
non-recurring expenses such as costs           associated with the opening of a new
office shall not be included in the EBITDA           for purposes of this paragraph.  

	  	
(b)
    “Termination Date” means
the date on which Employee’s employment           terminates or the date on which
this Agreement expires.  

	  	
(c)
    “Employment Period” means
the period of time between the Effective           Date of this Agreement and the
Termination Date.  

	  	
(d)
    “Value” means EBITDA for
the fiscal year ended immediately prior to           the Termination Date, multiplied by
8.  

	  	
(e)
    “Base Value” means
EBITDA for the year ended December 31, 2004,           multiplied by 8. For purposes of
this Agreement, EBITDA for the year ended           December 31, 2004 is deemed to be
$3,125,000, and Base Value is deemed to be           $25,000,000.  

	  	
(f)
    “Increased Value” means the positive difference between Value and
          Base Value.

	  	
(2)
                       In addition to the annual
compensation set forth in paragraph 4.1, Employee                     shall earn a
one-time bonus equal to .75% of the Increased Value (the                     “Bonus
Amount”). The Bonus Amount shall be paid in full within ninety
                    (90) days of the Termination Date. For purposes of example only, in
the event                     the Termination Date is February 28, 2008, and EBITDA for
the fiscal year ended                     immediately prior to February 28, 2008 is
$6,000,000, Employee’s bonus                     shall be equal to $172,500, i.e.,
[($48,000,000-$25,000,000)
          x .75% = $23,000,000 x .75% = $172,500]  

	  	
(3)              No
Bonus Amount shall be earned by Employee or be payable hereunder in the event
          that:  

	  	
(a)              Employee
is terminated for cause; or  

	  	
(b)
      During the Employment Period, the Value of the Company has not increased by a
minimum of 15% per year (as averaged over the Employment Period).

CONFIDENTIAL INFORMATION  

     5.    
          The Employee shall well and faithfully provide the service to the Company, and
          use his best efforts to promote the interest thereof and shall not disclose
          (either during the term of this Agreement or at any time thereafter) the private
          affairs of the Company or any trade secret of the Company, to any persons other
          than the Management of the Company, or as required in the normal course of
          business and shall not use (either during the continuance of this Agreement or
          at any time thereafter) for his own purposes, or for any purposes other than
          those of the Company, any information he may acquire with respect to the
          Company’s affairs. The Employee further agrees to execute such further and
          other agreements concerning the secrecy of the affairs of the Company or of any
          companies with which the Company is affiliated or associated, as the Management
          of the Company shall reasonably request. Furthermore, without restricting the
          generality of the foregoing, the Employee shall not either during the term of
          this Agreement or any time thereafter, directly or indirectly divulge to any
          person, firm or corporation: 

	  	
(a)
                         any intellectual property,
proprietary information, know-how, trade secrets,                     processes, product
specifications, new product information or methods of doing                     business
acquired in the course of providing the services hereunder;  

	  	
(b)
                         any information with
respect of Company personnel or organization, or any of                     the financial
affairs or business plans of the Company; or  

	  	
(c)
                         any information in respect
of Company pricing policies, sales statistics, sales                     and marketing
plans and strategies, profits, costs, or sourcing of clients.  

TERM OF AGREEMENT  

     6.    
          This Agreement shall become effective on the 1st day of March 2005, and shall
          continue until February 28, 2008 unless terminated upon mutual consent of the
          Employee and the Company, or until termination by the Employee or the Company in
          accordance with Sections 7 or 8, whichever is earlier. 

BREACH OF AGREEMENT  

     7.    
          Without prejudice to any remedy the Company may have against the Employee for
          any breach or non-performance of this Agreement, the Company may terminate this
          Agreement, subject to Section 11, for breach by the Employee at any time
          effective immediately and without notice and without any payment for any
          compensation either by way of anticipated earnings or damage of any kind to him
          whatsoever, save and except in respect of fees payable to the date of such
          termination. For the purposes of this paragraph, any one of the following events
          shall constitute breach of this Agreement sufficient for termination, provided
          however, that the following events shall not constitute the only reasons for
          termination: 

	  	
(a)              being
guilty of any dishonesty or gross neglect in the provision of the services
          hereunder; or  

	  	
(b)
                         being convicted of any
criminal offense, other than an offense which in the                     reasonable
opinion of the Company does not affect his position as a
                    representative of the Company; or  

	  	
(c)
                         becoming bankrupt or
making any arrangement or composition with his creditors;                     or  

	  	
(d)
                         alcoholism or drug
addiction of the Employee which impairs his ability to                     provide the
services required hereunder; or  

	  	
(e)
                         excessive and unreasonable
absence of the Employee from the performance of the                     services for any
reason other than for absence or incapacity specifically                     allowed
hereunder.  

	  	
(f)
                         The breach of any clause
or term, including but not limited to Section 6 of                     this Agreement and
the attached Addendum (if any) to this Agreement  

TERMINATION  

8.1     The Employee shall be entitled to
terminate this Agreement, at any time by giving 4 weeks notice in writing to the CEO., CFO
or President of the Company. 

8.2     The Company shall be entitled to
terminate this Agreement at any time without cause by giving Employee four (4) weeks
notice in writing of the termination. In the event that Employee’s employment is
terminated without cause, the Company shall pay to Employee (i) any salary and accrued
vacation pay earned but unpaid as of the date of termination; (ii) a severance payment in
an amount equal to six months of the salary set forth in paragraph 4.1; (iii) the Bonus
Amount; and (iv) any Annual Bonus earned by the Employee but unpaid on the date of
termination. Items (i) and (ii) shall be paid on the date of termination. Item (iii) shall
be paid within ninety (90) days after the date of termination. Item (iv) shall be paid on
or before March 31st. The Company shall have no further obligation to Employee
hereunder. Employee acknowledges and agrees that the payments set forth herein constitute
liquidated damages for termination of his employment without cause and shall be
Employee’s sole and exclusive remedy. 

OWNERSHIP AND USE OF
WORK PRODUCTS  

9.1     The Employee agrees that any work
product produced by the Employee in furtherance of the business of the Company either
developed solely by the Employee or jointly with any other party will be the sole and
exclusive property of the Company. 

9.2     The Company acknowledges that
general knowledge and experience including general techniques, concepts, methods and
formulae not developed for the Company’s specific application or work gained by the
Employee prior to or in the course of his association with the Company, may be used by the
Employee at any time prior to, during or subsequent to his association with the Company,
unless a specific agreement to the contrary is entered into by the Employee and the
Company. 

9.3     This Agreement does not apply to
general techniques, formulae, concepts or method for which no equipment, supplies,
facility or other resources or trade secret information of the Company was used and which
was developed entirely on the Employee’s own time unless such general techniques,
formulae, concepts or method relates directly to the actual or specifically targeted
business of the Company. 

9.4     At any and all times, either
during the term of this Agreement or after termination hereof, the Employee will promptly,
on the request of the Company, perform all such reasonable acts and execute and deliver
all such documents that may be necessary to vest in the Company the entire right, title
and interest in and to any such work products determined, by the Company, to be the
exclusive property of the Company. Should any such services be rendered after expiration
or termination of this Agreement, a reasonable fee, mutually agreed upon by the Employee
and the Company, will be paid to the Employee on a per diem basis in addition to
reasonable expenses incurred as a result of rendering such services. 

RETURN OF PROPERTY  

     10.    
          In the event of termination of this Agreement, the Employee agrees to return to
          the Company any property, which may be in the possession or control of the
          Employee. 

SURVIVAL  

     11.    
          Notwithstanding the termination of this Agreement for any reason whatsoever the
          provisions of Section 5, 9, and 10 hereof and any other provision of this
          Agreement necessary to give efficacy thereto shall continue in full force and
          effect following such termination. 

NOTICE  

     12.    
          Any notice or other communication (each a “Communication”) to be given
          in connection with this Agreement shall be given in writing and will be given by
          personal delivery addressed as follows: 

	  	TO: 	  	
The Neptune Society                 

4312 Woodman Avenue, Third Floor    

Sherman Oaks, CA 91423              

Attention: President

	  	AND TO: 	  	
James Ford                        

5210 Premiere Hills Circle, # 233 

Woodland Hills, CA 91364

or at such other address as shall
have been designated by Communication by either party to the other. Any Communication
shall be conclusively deemed to have been received on the date of delivery. If the party
giving any Communication knows or ought reasonably to know of any actual or threatened
interruptions of the mails, any such Communication shall not be sent by mail but shall be
given by personal delivery. 

ENTIRE AGREEMENT  

     13.    
          This Agreement constitutes and expresses the whole agreement of the parties
          hereto with reference to the services of the Employee by the Company, and with
          reference to any of the matters or things herein provided for, or hereinbefore
          discussed or mentioned with reference to such services; all promises,
          representations, and understandings relative thereto being merged herein. 

AMENDMENTS AND WAIVERS  

     14.    
          No amendment of this Agreement shall be valid or binding unless set forth in
          writing and duly executed by both parties hereto. No waiver or any breach of any
          provision of this Agreement shall be effective or binding unless made in writing
          and signed by the party purporting to give the same and, unless otherwise
          provided in the written waiver, shall be limited to the specific breach waived. 

BENEFIT OF AGREEMENT  

     15.    
          The provisions of this Agreement shall enure to the benefit of and be binding
          upon the legal personal representatives of the Employee and the successors and
          assigns of the Employee and the Company. 

SEVERABILITY  

     16.    
          If any provision of this Agreement is deemed to be void or unenforceable, in
          whole or in part, it shall not be deemed to affect or impair the validity of any
          other provision of this Agreement, and each and every section, subsection and
          provision of this Agreement is hereby declared and agreed to be severable from
          each other and every other section, subsection or provision hereof and to
          constitute 

separate and distinct covenants. The
Employee hereby agrees that all restrictions herein are reasonable and valid. 

     17.    
          This Agreement shall be governed by and construed in accordance with the laws of
          the State of California. The Company and the Employee hereby irrevocably consent
          to the jurisdiction of the courts of the State of California. 

COPY OF AGREEMENT  

     18.    
          The Employee hereby acknowledges receipt of a copy of this Agreement duly signed
          by the Company. 

NUMBER AND GENDER  

     19.    
          Wherever the singular is used in this Agreement it is deemed to include the
          plural and wherever the masculine is used it is deemed to include the feminine
          or body politic or corporate where the context or the parties so require. 

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

	
THE NEPTUNE SOCIETY, INC. 	
EMPLOYEE  

	
            
            
            
            

Authorized Signatory 	
            
            
            
            

James Ford 

	
            
            
            
            

Witness	
 

	
            
            
            
            

Name	
 

	
            
            
            
            

Address	
 

Appendix A 

        The
Annual Bonus shall be determined by multiplying the Gross Bonus Amount by the Bonus
Percentage. 

A.
     The Bonus Percentage. 

        The
Board of Directors has established five goals to be achieved during the calendar year
2005. Those goals are: 

	  	1. 	  	Generate
$28 million in gross revenue;  

	  	2.  	  	Perform
2,692 at-need cases and           generate $7 million in total services revenue;  

	  	3.  	  	Sell
20,000 new pre-need           contracts and generate $19.95 million in pre-need revenue;  

	  	4.  	  	Achieve
$1 million           in net cash flow from operations and $2.5 million in EBITDA; and  

	  	5.  	  	Open
eight           (8) new locations.  

        For
each one of the above five goals that is achieved by the Company as of the end of the 2005
calendar year, the Employee shall be entitled to 20% of the Gross Bonus Amount as
calculated below (the “Bonus Percentage”). For purposes of example only, if the
Company achieves only one of the above five goals, the Bonus Percentage would be 20%; if
the Company achieves three of the above five goals, the Bonus Percentage would be 60%. 

B.     The Gross Bonus
Amount. 

        The Gross
Bonus Amount will be a product of two figures: (1) the EBITDA multiplier times (2)
the Employee’s annual, salary as set forth in paragraph 4.1. The EBITDA multiplier
will be determined by the EBITDA achieved as follows: 

	
EBITDA	
EBITDA Multiplier
	
Less than
$2,500,000	 	
7.5%	

	$2,500,000	 	30%	
	$3,000,000	 	45%	
	$3,500,000	 	60%	

        For
purposes of example only, if the Company achieves EBITDA for the calendar year 2005 of
$3,000,000, the Gross Bonus Amount shall be 45% of the annual salary set forth in
paragraph 4.1. 

C.     Bonus Amount
Calculation Example. 

        If
the annual salary is $170,000 and the EBITDA is $3,000,000, the Gross Bonus Amount would
be $76,500. If the Bonus Percentage is 60%, the Annual Bonus would be $45,900.

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