Document:

Exhibit 10.1

    

    EXHIBIT
      10.1

    VICTORY
      CAPITAL HOLDINGS CORPORATION

    

    2006
      EMPLOYEE STOCK OPTION PLAN

    (ADOPTED
      AS OF January 24, 2006)

    

     

    ARTICLE
      I

    GENERAL
      TERMS

    

    1.1 PURPOSE
      OF PLAN; TERM

    

    
      	 	
              (a)

            	
              ADOPTION.
                On January 24, 2006, the Board of Directors (the “Board”) of Victory
                Capital Holdings Corporation, a Nevada corporation (the “Company”),
                adopted this stock option plan to be known as the Victory Capital
                Holdings
                Corporation Employee Stock Option Plan (the
                “Plan”).

            

    

    
      	 	
              (b)

            	
              DEFINED
                TERMS. All initially capitalized terms used in the Plan shall have
                the
                meanings set forth in Article IV
                hereto.

            

    

    
      	 	
              (c)

            	
              GENERAL
                PROPOSES. The purpose of the Grant Program is to further the interests
                of
                the Company and its stockholders by attracting and retaining employees
                of
                the Company (or Parent or Subsidiary Corporations) and encouraging
                employees to acquire shares of the Company’s Stock, thereby acquiring a
                proprietary interest is its business and an increased personal interest
                in
                its continued success and progress. Such purpose shall be accomplished
                by
                providing for the granting of options (“Options”) to acquire the Company’s
                Stock.

            

    

    
      	 	
              (d)

            	
              CHARACTER
                OF OPTIONS. Options granted under this Plan to employees of the Company
                (or Parent or Subsidiary Corporations) that are intended to qualify
                as
                “incentive stock options” as defined in Code Section 422 (“Incentive Stock
                Options”) will be specified in the applicable stock option agreement. All
                other Options granted under this Plan will be nonqualified
                options.

            

    

    
      	 	
              (e)

            	
              RULE
                16b-3 PLAN. With respect to persons subject to Section 16 of the
                Securities Exchange Act of 1934, as amended (“1934 Act”), the Plan is
                intended to comply with all applicable conditions of Rule 16b-3 (and
                all
                subsequent revisions thereof) (“Rule 16b-3”) promulgated under the 1934
                Act. In such instance, to the extent any provision of the Plan or
                action
                by a Plan Administrator fails to so comply, it shall be deemed null
                and
                void, to the extent permitted by law and deemed advisable by such
                Plan
                Administrator. In addition, the Board may amend the Plan from time
                to time
                as it deems necessary in order to meet the requirements of any amendments
                to Rule 16b-3 without the consent of the stockholders of the
                Company.

            

    

    
      	 	
              (f)

            	
              DURATION
                OF PLAN. The term of the Plan shall be 10 years commencing on the
                date of
                adoption of the Plan by the Board as specified in Section 1.l(a)
                hereof.
                No Option shall be granted under the Plan unless granted within 10
                years
                of the adoption of the Plan by the Board, but Options outstanding
                on that
                date shall not be terminated or otherwise affected by virtue of the
                Plan’s
                expiration.

            

    

    

    1.2 STOCK
      AND
      MAXIMUM NUMBER OF SHARES SUBJECT TO PLAN

    

    
      	 	
              (a)

            	
              DESCRIPTION
                OF STOCK AND MAXIMUM SHARES ALLOCATED. The stock subject to the provisions
                of the Plan and issuable upon exercise of Options granted under the
                Plan
                is shares of the Company’s Common Stock, $.001 par value per share (the
                “Stock”), which may be either unissued or treasury shares, as the Board
                may from time to time determine. Subject to adjustment as provided
                in
                Section 3.1 hereof, the aggregate number of shares of Stock covered
                by the
                Plan and issuable hereunder shall be 15,000,000 shares of
                Stock.

            

    

    
      	 	
              (b)

            	
              CALCULATION
                OF AVAILABLE SHARES. For purposes of calculating the maximum number
                of
                shares of Stock, which may be issued under the Plan, the shares issued
                (including the shares, if any, withheld for tax withholding requirements)
                upon exercise of an Option shall be
                counted.

            

    

    
      	 	
              (c)

            	
              RESTORATION
                OF UNPURCHASED SHARES. If an Option expires or terminates for any
                reason
                prior to its exercise in full and before the term of the Plan expires,
                the
                shares of Stock subject to, but not issued under, such Option shall,
                without further action by or on behalf of the Company, again be available
                under the Plan.

            

    

    

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    1.3 APPROVAL;
      AMENDMENTS

    

    
      	 	
              (a)

            	
              APPROVAL
                BY STOCKHOLDERS. The Plan shall be submitted to the stockholders
                of the
                Company for their approval at a regular or special meeting to be
                held
                within 12 months after the adoption of the Plan by the Board. Stockholder
                approval shall be evidenced by the affirmative vote by the holders
                of a
                majority of the shares of the Company’s Stock, present in person or by
                proxy and voting at the meeting. The date such stockholder approval
                has
                been obtained shall be referred to herein as the “Effective Date.”
                

            

    

    (b) COMMENCEMENT
      OF PROGRAMS. The Grant Program Shall commence immediately.

    (c) AMENDMENTS
      TO PLAN. The Board may, without action on the part of the Company’s
      stockholders, make such amendments to, changes in and additions to the Plan
      as
      it may, from time to time, deem necessary or appropriate and in the best
      interests of the Company; provided, however, that the Board may not, without
      the
      consent of the applicable Optionholder, take any action which disqualifies
      any
      Option previously granted under the Plan for treatment as an Incentive Stock
      Option or which adversely affects or impairs the rights of the Optionholder
      of
      any Option outstanding under the Plan, and further provided that, except as
      provided in Article III hereof, the Board may not, without the approval of
      the
      Company’s stockholders, (i) increase the aggregate number of shares of Stock
      subject to the Plan, (ii) reduce the Exercise Price at which Options may be
      granted or the Exercise Price at which any outstanding Option may be exercised,
      (iii) extend
      the term of the Plan, (iv) change the class of persons eligible to receive
      Options under the Plan, or (v) materially increase the benefits accruing to
      participants under the Plan. Notwithstanding the foregoing, Options may be
      granted under this Plan to purchase shares of Stock in excess of the number
      of
      shares then available for issuance under the Plan if (A) an amendment to
      increase the maximum number of shares issuable under the Plan is adopted by
      the
      Board prior to a initial grant of any such Option and within one year thereafter
      such amendment is approved by the Company’s stockholders, and (B) each such
      Option granted is not to become exercisable or vested, in whole or in part,
      at
      any time prior to the obtaining of such stockholder approval. 

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    ARTICLE
      II

    GRANT
      PROGRAM

    2.1 PARTICIPANTS;
      ADMINISTRATION

    

    
      	 	
              (a)

            	
              ELIGIBILITY
                AND PARTICIPATION. Options may be granted only to persons (“Eligible
                Persons”) who, at the time of grant, are employees of the Company (or
                Parent or Subsidiary Corporations); provided, however, the maximum
                number
                of shares of Stock with respect to which Options may be granted to
                any
                employee during the term of the Plan shall not exceed 50 percent
                of the
                shares of Stock covered by and is issuable under the Plan as specified
                in
                Section 1.2(a) hereof. A Plan Administrator shall have full authority
                to
                determine which Eligible Persons in its administered group are to
                receive
                Option grants under the Plan, the number of shares to be covered
                by each
                such grant, whether or not the granted Option is to be an Incentive
                Stock
                Option, the time or times at which each such Option is to become
                exercisable, and the maximum term for which the Option is to be
                outstanding.

            

    

    
      	 	
              (b)

            	
              GENERAL
                ADMINISTRATION. The power to administer the Grant Program shall be
                vested
                with the Board or a committee designated by the Board. The Board
                may
                appoint a Senior Committee (“Senior Committee”), which may, at the
                discretion of the Board, be constituted so as to comply wish the
                applicable requirements of Rule 16b-3 and Code Section 162(m), and
                the
                Board may delegate to such Senior Committee the power to administer
                the
                Grant Program with respect to Eligible Persons who are Affiliates
                and/or
                non-Affiliates. The Board may also appoint an Employee Committee
                (“Employee Committee”) of two or more persons who are members of the Board
                and delegate to such Employee Committee the power to administer the
                Grant
                Program with respect to Eligible Persons that are not Affiliates
                for
                purposes of this Plan, the term Affiliates” shall mean all “officers” (as
                that term is defined in Rule 16a-1(f) promulgated under the 1934
                Act), all
                “covered persons” (as that term is defined in Code Section 162(m)),
                directors of the Company, and all persons who own 10 percent or more
                of
                the Company’s issued and outstanding equity
                securities.

            

    

    
      	 	
              (c)

            	
              PLAN
                ADMINISTRATORS. The Board, the Senior Committee, the Employee Committee,
                and/or any other committee allowed hereunder, whichever is applicable,
                shall be each referred to herein as a “Plan Administrator.” Each Plan
                Administrator shall have the authority and discretion, with respect
                to its
                administered group, to select which Eligible Persons shall participate
                in
                the Grant Program, to grant Options under the Grant Program, to establish
                such rules and regulations as they may deem appropriate with respect
                to
                the proper administration of the Grant Program and to make such
                determinations under, and issue such interpretations of, the Grant
                Program
                and any outstanding Option as they may deem necessary or advisable.
                Unless
                otherwise required by law or specified by the Board with respect
                to any
                committee, decisions among the members of a Plan Administrator shall
                be by
                majority vote. Decisions of a Plan Administrator shall be final and
                binding on all parties who have an interest in the Grant Program
                or any
                outstanding Option. The Senior Committee, the Employee committee
                and/or
                any other committee allowed hereunder, in their respective sole
                discretion, may make specific grants of Options conditioned on approval
                of
                a Board. The Board may establish an additional committee or committees
                of
                persons who are members of the Board and delegate to such other committee
                or committees the power to administer all or a portion of the Grant
                program with respect to all or a portion of the Eligible Persons.
                Members
                of the Senior Committee, Employee Committee, or any other committee
                allowed hereunder shall serve for such period of time as the Board
                may
                determine and shall be subject to removal by the Board at any time.
                The
                Board may, at any time, terminate all or a portion of the functions
                of the
                Senior Committee, the Employee Committee, or any other committee
                allowed
                hereunder and reassume all or a portion of powers and authority previously
                delegated to such committee.

            

    

    
      	 	
              (d)

            	
              GUIDELINES
                FOR PARTICIPATION. In designating and selecting Eligible Persons
                for
                participation in the Grant Program, a Plan Administrator shall consult
                with and give consideration to the recommendations and criticisms
                submitted by appropriate managerial and executive officers of the
                Company.
                A Plan Administrator also shall take into account the duties and
                responsibilities of the Eligible Persons, their past, present and
                potential contributions to the success of the Company and such other
                factors as a Plan Administrator shall deem relevant in connection
                with
                accomplishing the purpose of the Plan.

            

    

    
      	 	
              (e)

            	
              The
                Plan Administrators, in addition to any other powers granted it hereunder,
                shall have the power, subject to the express provisions of the Plan:
                

            

    

    
      	 	
              (1)

            	
              To
                determine the provisions of the respective Options other than those
                provisions expressly stated or limited herein, which terms and provisions
                may be set forth in Option
                agreements:

            

    

    
      	 	
              (2)

            	
              Without
                limiting the generality of the foregoing, to provide in Option agreements,
                in its discretion:

            

    

    
      	 	
              a.

            	
              For
                an agreement by the Optionholder to render services to the Corporation
                upon such terms and conditions as shall be specified in the agreement;
                provided however, that no options may be granted for services rendered
                in
                connection with the raising of capital for the Company or for promotional
                activities rendered on behalf of the company.

            

    

    
      	 	
              b.

            	
              For
                restrictions on the transfer, sale, or disposition of the stock to
                be
                issued to the Optionholder upon the exercise of his Option.
                

            

    

    
      	 	
              (3)

            	
              To
                require, whether or not provided for in the pertinent Option or Option
                agreement of any person exercising an Option granted under the Plan,
                at
                the time of such exercise, the execution of any paper or the making
                of any
                representation or the giving of any commitment when the Board shall,
                in
                its discretion, deem necessary or advisable by reason of the securities
                laws of the United States or of any
                State.

            

    

    
      	 	
              (4)

            	
              To
                amend Options previously granted and outstanding under this Plan,
                but no
                amendment to any Option agreement shall be made without the consent
                of the
                Optionholder if such amendment would adversely affect the Optionholder;
                and no amendment shall be made to any Option agreement which would
                cause
                the inclusion therein of any term or provisions inconsistent with
                the Plan
                or Section 422A of the Internal Revenue Code, as amended (if applicable).
                

            

    

    
      	 	
              (5)

            	
              To
                grant Options after the date the Plan is adopted provided the Options
                granted are specifically contingent upon approval of this Plan by
                holders
                of a majority of the Corporation’s outstanding common stock.
                

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         
2.2 TERMS
        AND
        CONDITIONS OF OPTIONS

    

    

    
      	 	
              (a)

            	
              ALLOTMENT
                OF SHARES. A Plan Administrator shall determine the number of shares
                of
                Stock to be optioned from time to time and the number of shares to
                be
                optioned to any Eligible Person (the “Optioned Shares”). The grant of an
                Option to a person shall neither entitle such person to, nor disqualify
                such person from, participation in any other grant of Options under
                this
                Plan or any other stock option plan of the
                Company.

            

    

    
      	 	
              (b)

            	
              EXERCISE
                PRICE. Upon the grant of my Option, a Plan Administrator shall specify
                the
                price (“Exercise Price”) to be paid for each share of Stock upon the
                exercise of such Option. The Exercise Price may not be less than
                100
                percent of the fair market value per share of the Stock on the date
                the
                Option is granted if the Option (i) is intended to qualify as an
                Incentive
                Stock Option, and/or (ii) is intended to qualify for the
                “performance-based compensation” exception to the tax deduction limits of
                Code Section 162(m). If the Option is intended to qualify as an Incentive
                Stock Option and is granted to a stockholder, who at the time the
                Option
                is granted, owns or is deemed to own stock possessing more than 10
                percent
                of the total combined voting power of all classes of stock of the
                Company)
                (or of any Parent or Subsidiary Corporation), the Exercise Price
                shall not
                be less than 110 percent of the fair market value per share of Stock
                on
                the date that the Option is granted. The determination of the fair
                market
                value of the Stock shall be made in accordance with the valuation
                provisions of Section 3.5 hereof.

            

    

    
      	 	
              (c)

            	
              INDIVIDUAL
                STOCK OPTION AGREEMENTS. Options granted under the Plan shall be
                evidenced
                by option agreements in such form and content as a Plan Administrator
                from
                time to time approves, which agreements shall substantially comply
                with
                and be subject to the terms of the Plan, including the terms and
                conditions of this Section 2.2. As determined by a Plan Administrator,
                each option agreement shall state (i) the total number of shares
                to which
                it pertains, (ii) the Exercise Price for the shares covered by the
                Option,
                (iii) the time at which the Options vest and become exercisable,
                and (iv)
                the Option’s scheduled expiration date. The option agreements may contain
                such other provisions or conditions as a Plan Administrator deems
necessary
                or appropriate to effectuate the sense and purpose of the Plan, including
                without limitation, covenants by the Optionholder not to compete
                and
                remedies for the Company in the event of the breach of any such covenant,
                and a requirement that any partial exercise of an Option be for no
                Less
                than 20% of the total number of shares originally subject to such
                Option.

            

    

    
      	 	
              (d)

            	
              OPTION
                PERIOD. No Option granted wader the Plan that is intended to be an
                Incentive Stock Option shall be exercisable for a period in excess
                of 20
                years from the date of its grant (five years if the Option is granted
                to a
                stockholder who at the time the Option is granted owns or is deemed
                to own
                stock possessing more than 10 percent of the total combined voting
                power
                of all classes of stock of the Company or of any Parent or Subsidiary
                Corporation), subject to earlier termination in the event of termination
                of employment, retirement or death of the Optionholder. A Option
                may be
                exercised in full or is part at any time or from time to time during
                the
                term of the Option or provide for its exercise in stated installments
                at
                stated times during the Option’s
                term.

            

    

    
      	 	
              (e)

            	
              NO
                FRACTIONAL SHARES. Options shall be exercisable only for whole shares:
                no
                fractional shares will be issuable upon exercise of any Option granted
                under the Plan.

            

    

    
      	 	
              (f)

            	
              METHOD
                OF EXERCISE. In order to exercise an Option with respect to any vested
                Optioned Shares, an Optionholder (or in the case of an exercise after
                an
                Optionholder’s death, such Optionholder’s executor, administrator, heir or
                legatee, as the case may be) must take the following
                action:

            

    

    
      	 	
              (i)

            	
              Execute
                and deliver to the Company a written notice of exercise signed in
                writing
                by the person exercising the Option specifying the number of shares
                of
                Stock with respect to which the Option is being exercised;
                

            

    

    
      	 	
              (ii)

            	
              Pay
                the aggregate Exercise Price in one of the alternate forms as set
                forth in
                Section 2.2(h) below; and

            

    

    
      	 	
              (iii)

            	
              Furnish
                appropriate documentation that the person or persons exercising the
                Option
                (if other than the Optionholder) has the right to exercise such Option.
                As
                soon as practicable after the Exercise Date, the Company shall mail
                or
                deliver to or on behalf of the Optionholder (or any other person
                or
                persons exercising this Option in accordance herewith) a certificate
                or
                certificates representing the Stock for which the Option has been
                exercised in accordance with the provisions of this Plan. In no event
                may
                any Option be exercised for any fractional
                shares.

            

    

    
      	 	
              (g)

            	
              PAYMENT
                OF EXERCISE PRICE. The aggregate Exercise Price shall be payable
                in one of
                the alternative forms specified
                below:

            

    

    (i) Full
      payment in cash or check made payable to the Company’s order; or

    
      
         

      

      
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              (ii)

            	
              To
                the extent permitted by the Plan Administrator, in its sole and
                unrestricted discretion, full payment in shares of Stock held for
                the
                requisite period necessary to avoid a charge to the Company’s reported
                earnings and valued at fair market value on the Exercise Date (as
                determined in accordance with Section 3.5 hereof);
                or

            

    

    
      	 	
              (iii)

            	
              If
                a cashless exercise program has been implemented by the Board and
                to the
                extent permitted by the Plan Administrator, in its sole and unrestricted
                discretion, full payment through a sale and remittance procedure
                pursuant
                to which the Optionholder (A) shall provide irrevocable written
                instructions to a designated brokerage firm to effect the immediate
                sale
                of a Optioned Shares to be purchased and remitted to the Company,
                out of
                the sale proceeds available on the settlement date, sufficient funds
                to
                cover the aggregate Exercise Price payable for the Optioned Shares
                to be
                purchased, and (B) shall concurrently provide written directives
                to the
                Company to deliver the certificates for the Optioned Shares to be
                purchased directly to such brokerage firm in order to complete a
                sale
                transaction.

            

    

    
      	 	
              (h)

            	
              REPURCHASE
                RIGHT. The Plan Administrator may, in its sole discretion, set forth
                other
                terms and conditions upon which the Company (or its assigns) shall
                have
                the right to repurchase shares of Stock acquired by as Optionholder
                pursuant to an Option. Any repurchase right of the Company shall
                be
                exercisable by the Company (or its assignees) upon such terms and
                conditions as the Plan Administrator may specify in the Stock Repurchase
                Agreement evidencing such right. The Plan Administrator may, in its
                discretion, also establish as a term and condition of one or more
                Options
                granted under the Plan that the Company shall have a right of first
                refusal with respect to any proposed sale or other disposition by
                the
                Optionholder of any shares of Stock issued upon the exercise of such
                Options. Any such right of first refusal shall be exercisable by
                the
                Company (or its assigns) in accordance with the terms and conditions
                set
                forth in the Stock Repurchase
                Agreement.

            

    

    
      	 	
              (i)

            	
              TERMINATION
                OF INCENTIVE STOCK OPTIONS

            

    

    (i) TERMINATION
      OF SERVICE. If any Optionholder ceases to be in Service to the Company for
      a
      reason other than death, the Optionholder’s vested Incentive Stock Options on
      the date of termination of such Service shall remain exercisable for no more
      than 90 days after the date of termination of such Service or unfit the stated
      expiration date of the Optionholder’s Option, whichever occurs first; provided,
      that (i) if Optionholder is discharged for Cause, or (ii) if after the Service
      of the Optionholder is terminated, the Optionholder commits acts detrimental
      to
      the Company’s interests, then the Incentive Stock Option shall thereafter be
      void for all purposes. The Company shall have “Cause” to discharge the
      Optionholder for (A) commission of a crime by the Optionholder or for reasons
      involving moral turpitude; (B) an act by the Optionholder which tends to bring
      the Company into disrepute; or © negligent, fraudulent or willful misconduct by
      the Optionholder. Notwithstanding the foregoing, if any Optionholder ceases
      to
      be in Service to the Company by reason of permanent disability within the
      meaning of Code Section 22(e)(3) (as determined by the applicable Plan
      Administrator), the Optionholder shall have up to 180 days after the date of
      termination of Service, but in no event after a stated expiration date of the
      Optionholder’s Incentive Stock Options, to exercise Incentive Stock Options that
      the Optionholder was entitled to exercise on the date the Optionholder’s Service
      terminal as a result of such disability.

    (ii) DEATH
      OF
      OPTIONHOLDER. If an Optionholder dies while in the Company’s Service, the
      Optionholder’s vested Incentive Stock Options as of the date of death shall
      remain exercisable up to one year after the date of death or until the stated
      expiration date of the Optionholder’s Option, whichever occurs first, and may be
      exercised only by the person or persons (“Successors”;) to whom the
      optionholder’s rights pass under a will or by the laws of descent and
      distribution. The Option may be exercised and payment of the Exercise Price
      made
      in full by the Successors only after written notice to the Company specifying
      the number of shares to be purchased. Such notice shall state that the Exercise
      Plan is being paid in full in the manner specified in Section 2.2 hereof. As
      soon as practicable after receipt by the Company of such notice and payment
      in
      full of the Exercise Price, a certificate or certificates representing the
      Optioned Shares shall be registered in the name or names specified by the
      Successors in the written notice of exercise and shall be delivered to the
      Successors.

    
      	 	
              (j)

            	
              TERMINATION
                OF NONQUALIFIED OPTIONS. Any Options, which are not Incentive Stock
                Options and are outstanding at the time an Optionholder dies while
                in
                Service to the Company or otherwise ceases to be in Service to the
                Company, shall remain exercisable for such period of time thereafter
                as
                determined by the Plan Administrator at the time of grant and set
                forth in
                the documents evidencing such Options; provided, however, that no
                Option
                shall be exercisable after the Option’s stated expiration date, and
                provided further, that if the Optionholder is discharged for Cause
                or, if
                after the Optionholder’s Service to the Company is terminated, the
                Optionholder commits acts detrimental to the Company’s interests, then the
                Option will thereafter be void for all
                purposes.

            

    

    
      	 	
              (k)

            	
              OTHER
                PLAN PROVISIONS STILL APPLICABLE. If an Option is exercised upon
                the
                termination of Service or death of an Optionholder under this Section
                2.2,
                the other provisions of the Plan shall still be applicable to such
                exercise, including the requirement that the Optionholder or his
                or her
                Successor may be required to enter into a Stock Repurchase Agreement.
                

            

    

    
      	 	
              (l)

            	
              DEFINITION
                OF “SERVICE.” For purposes of this Plan, unless otherwise provided in the
                option agreement with the Optionholder, the Optionholder shall be
                deemed
                to be in “Service” to the Company so long as such individual renders
                continuous services on a periodic basis to the Company (or to any
                Parent
                or Subsidiary Corporation) in the capacity of an employee, director,
                or an
                independent consultant or advisor. In the discretion of a Plan
                Administrator, an Optionholder shall be considered to be rendering
                continuous services to the Company even if the type of services change,
                e.g., from employee to independent consultant. The Optionholder shall
                be
                considered to be an employee for so long as such individual remains
                in the
                employ of the Company or one or more of its Parent or Subsidiary
                Corporations.

            

    

    
      	 	
              (m)

            	
              TAX
                REIMBURSEMENT BONUS. The Plan Administrator may, with the consent
                of the
                Board, cause the Company to pay a cash bonus to an Optionholder for
                the
                purpose of paying ail or a portion of any federal, state or local
                tax due
                with respect to the grant, exercises or disposition of an Option,
                the
                disposition of shares of Stock acquired upon the exercise of as Option,
                and/or any payment made under this Section
                2.2(m).

            

    

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    ARTICLE
      III

    MISCELLANEOUS

     

    
      	
              3.1

            	
              CAPITAL
                ADJUSTMENTS. The aggregate number of shares of Stock subject to the
                Plan,
                the number of shares covered by outstanding Options, and the Exercise
                Price stated in such Options shall be proportionately adjusted for
                any
                increase or decrease in the number of outstanding shares of Stock
                of the
                Company resulting from a subdivision or consolidation of shares or
                any
                other capital adjustment or the payment of a stock dividend or any
                other
                increase or decrease in the number of such shares effected without
                the
                Company’s receipt of consideration therefore in money, services or
                property. 

            

    

    

    
      	
              3.2

            	
              MERGERS,
                ETC. If the Company is the surviving corporation in any merger or
                consolidation (not including a Corporate Transaction), any Option
                granted
                under the Plan shall pertain to and apply to the securities to which
                a
                holder of the number of shares of Stock subject to the Option would
                have
                been entitled prior to the merger or consolidation. Except as provided
                in
                Section 3.3 hereof, a dissolution or liquidation of the Company shall
                cause every Option outstanding hereunder to
                terminate.

            

    

    

    
      	
              3.3

            	
              CORPORATE
                TRANSACTION. In the event of stockholder approval of a Corporate
                Transaction, the Plan Administrator shall have the discretion and
                authority, exercisable at any time, to provide for the automatic
                acceleration of one or more of the outstanding Options granted by
                it under
                the Plan. Upon the consummation of the Corporate Transaction, all
                Options
                shall, to the extent not previously exercised, terminate and cease
                to be
                outstanding.

            

    

    

    3.4 CHANGE
      IN
      CONTROL

    
      	 	
              (a)

            	
              GRANT
                PROGRAM. A Plan Administrator shall have the discretion and authority,
                exercisable at any time, whether before or after a Change in Control,
                to
                provide for the automatic acceleration of one or more outstanding
                Options
                granted by it under the Plan in the vent of a Change in Control.
                A Plan
                Administrator may also impose limitations upon the automatic acceleration
                of such Options to the extent it deems appropriate. Any Options
                accelerated upon a Change in Control shall remain fully exercisable
                until
                the expiration or sooner termination of the Option
                term.

            

    

    

    
      	
              3.5

            	
              CALCULATION
                OF FAIR MARKET VALUE OF STOCK. The fair market value of a share of
                Stock
                on any relevant date shall be determined in accordance with the following
                provisions:

            

    

    

    
      	 	
              (a)

            	
              If
                the Stock is not at the time listed or admitted to trading on any
                stock
                exchange but is traded in the over-the-counter market, the fair market
                value shall be the mean between the highest bid and lowest asked
                prices
                (or, if such information is available, the closing selling price)
                per
                share of Stock on the date in question in the over-the-counter market,
                as
                such prices are report d by the National Association of Securities
                Dealers
                through its NASDAQ system or any successor system. If there are no
                reported bid and asked prices (or closing selling price) for the
                Stock on
                the date in question, then the mean between the highest bid price
                and
                lowest asked price (or the closing selling price) on the last preceding
                date for which such quotations exist shall be determinative of fair
                market
                value.

            

    

    
      	 	
              (b)

            	
              If
                the Stock is at the time listed or admitted to trading on any stock
                exchange, then the fair market value shall be the closing selling
                price
                per share of Stock on the date in question on the stock exchange
                determined by the Board to be the primary market for the Stock, as
                such
                price is officially quoted in the composite tape of transactions
                on such
                exchange. If there is no reported sale of Stock on such exchange
                on the
                date in question, then the fair market value shall be the closing
                selling
                price on the exchange on the last preceding date for which such quotation
                exists. 

            

    

    
      	 	
              (c)

            	
              If
                the Stock at the time is neither listed nor admitted to trading on
                any
                stock exchange nor traded in the over-the-counter market, then the
                fair
                market value shall be determined by the Board after taking into account
                such factors as the Board shall deem appropriate.
                

            

    

    

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

    
      	
              3.6

            	
              USE
                OF PROCEED. The proceeds received by the Company from the sale of
                Stock
                pursuant to the exercise of Options hereunder, if any, shall be used
                for
                general corporate purposes.

            

    

    

    
      	
              3.7

            	
              CANCELLATION
                OF OPTIONS. Each Plan Administrator shall have the authority to effect,
                at
                any time and from time to time, with the consent of the affected
                Optionholder, the cancellation of any or all outstanding Options
                granted
                under the Plan and to grant in substitution therefore new Options
                under
                the Plan covering the same or different numbers of shares of Stock
                as long
                as such new Options have an Exercise Price that is no less than the
                minimum Exercise Price as set forth in Section 2.2(b) hereof on the
                new
                grant date. 

            

    

    

    3.8 REGULATORY
      APPROVALS. The implementation of the Plan, the granting of any Option hereunder,
      and the issuance of Stock upon the exercise of any such Option shall be subject
      to the procurement by the Company of all requisite approvals and
      permits.

    

    3.9 INDEMNIFICATION.
      Each and every member of a Plan Administrator, in addition to such other
      available rights of indemnification, shall be indemnified and held harmless
      by
      the Company, to the extent permitted under applicable law, for, from and against
      all costs and expenses reasonably incurred in connection with any action, suit,
      or other legal proceeding to which any member thereof may be a party by reason
      of any action taken, failure to act under or in connection with the Plan or
      any
      rights granted thereunder and against all amounts paid by them in settlement
      thereof or paid by them in satisfaction of a judgment of any such action, suit
      or proceeding, except a judgment based upon a finding of bad faith.

    

    
      	
              3.10

            	
              PLAN
                NOT EXCLUSIVE. This Plan is not intended to be the exclusive means
                by
                which the Company may issue options to acquire its Stock. To the
                extent
                permitted by applicable law, other options or awards may be issued
                by the
                Company other than pursuant to this Plan without stockholder
                approval.

            

    

    

    3.11 COMPANY
      RIGHTS. The grants of Options shall in no way affect the right of the Company
      to
      adjust, reclassify, reorganize or otherwise change its capital or business
      structure or to merge, consolidate, dissolve, liquidate or sell or transfer
      all
      or any part of its business or assets. 

    

    3.12 PRIVILEGE
      OF STOCK OWNERSHIP. An Optionholder shall not have any of the rights of a
      stockholder with respect to Optioned Shares until such individual shall have
      exercised the Option and paid the Exercise Price for the Optioned Shares. No
      adjustment will be made for dividends or other rights for which the record
      date
      is prior to the date of such exercise and full payment for such Optioned
      Shares.

    

    3.13 ASSIGNMENT.
      Except as may be specifically allowed by the Plan Administrator and set forth
      in
      the documents evidencing an Option. No Option granted under the Plan or any
      of
      the rights and privileges conferred thereby shall be assignable or transferable
      by an Optionholder or grantee other than by will or the laws of descent and
      distribution. Such Option shall be exercisable during the Optionholder’s or
      grantee’s lifetime only by the Optionholder or grantee. Notwithstanding the
      foregoing, no Incentive Stock Option granted under the Plan or any of the rights
      and privileges conferred thereby shall be assignable or transferable by an
      Optionholder or grantee other than by will or the laws of descent and
      distribution, and such Incentive Stock Option shall be exercisable during the
      Optionholder’s or grantee’s lifetime only by the Optionholder or grantee. The
      provisions of the Plan shall inure to the benefit of, and be binding upon,
      the
      Company and its successors or assigns, and the Optionholders, the legal
      representatives of their respective estates, their respective heirs or legatees
      and their permitted assignees.

    

    
      
         

      

      
        -7-

        
          

        

      

      
         

      

    

    3.14
      SECURITIES RESTRICTIONS

    

    
      	 	
              (a)

            	
              LEGEND
                ON CERTIFICATES. All certificates representing shares of Stock issued
                upon
                exercise of Options granted under the Plan shall be endorsed with
                a legend
                reading as follows:

            

    

    

    THE
      SHARES OF COMMON STOCK EVIDENCED BY THIS CERTIFICATE HAVE BEEN ISSUED TO THE
      REGISTERED OWNER IN RELIANCE UPON WRITTEN REPRESENTATIONS THAT
      THESE

     

    SHARES
      HAVE BEEN PURCHASED SOLELY FOR INVESTMENT. THESE SHARES MAY NOT BE SOLD,
      TRANSFERRED OR ASSIGNED UNLESS IN THE OPINION OF THE COMPANY AND ITS LEGAL
      COUNSEL SUCH SALE, TRANSFER OR ASSIGNMENT WILL NOT BE IN VIOLATION OF THE
      SECURITIES ACT OF 1933, AS AMENDED, AND THE RULES AND REGULATIONS THEREUNDER.
      

     

    
      	 	
              (b)

            	
              PRIVATE
                OFFERING FOR INVESTMENT ONLY. The Options are and shall be made available
                only to a limited number of present and future employees who have
                knowledge of the Company’s financial condition, management and its
                affairs. The Plan is not intended to provide additional capital for
                the
                Company, but to encourage ownership of Stock among the Company’s
                employees. By the act of accepting an Option, each grantee agrees
                (i) that
                any shares of Stock acquired pursuant to any Option will be solely
                acquired for investment and not with any intention to resell or
                redistribute those shares, and (ii) such intention will be confirmed
                by an
                appropriate certificate at the time the Stock is acquired if requested
                by
                the Company. The neglect or failure to execute such a certificate,
                however, shall not limit or negate the foregoing
                agreement.

            

    

     

    
      	 	
              (c)

            	
              REGISTRATION
                STATEMENT. If a Registration Statement covering a shares of Stock
                issuable
                upon exercise of Options granted under the Plan is filed under the
                Securities Act of 1933, as amended, and is declared effective by
                the U.S.
                Securities Exchange Commission, the provisions of Sections 3.14(a)
                and (b)
                shall terminate during the period of time that such Registration
                Statement, as periodically amended, remains
                effective.

            

    

    

    3.15 TAX
      WITHHOLDING

    

    
      	 	
              (a)

            	
              GENERAL.
                The Company’s obligation to deliver Stock upon the exercise of Options
                under the Plan shall be subject to the satisfaction of all applicable
                United States, Canadian, state, provincial, and local income tax
                withholding requirements.

            

    

    
      	 	
              (b)

            	
              SHARES
                TO PAY FOR WITHHOLDING. The Plan Administrator may, in its discretion
                and
                in accordance with the provisions of this Section 3.15(b) and such
                supplemental rules as it may from time to time adopt, provide any
                or all
                Optionholders with the right to use shares of Stock in satisfaction
                of all
                or part of the United States, Canadian, state, provincial, and local
                income tax liabilities (“Taxes”) incurred by such Optionholders in
                connection with the exercise of their Options. Such right may be
                provided
                to Optionholders in either or both of the following formats:
                

            

    

    (i) STOCK
      WITHHOLDING. The Plan Administrator may, in its discretion, provide the
      Optionholder with the election to have the Company withhold, from the Stock
      otherwise issuable upon the exercise of an Option, a portion of those shares
      of
      Stock with an aggregate fair market value equal to the percentage (not to exceed
      100 percent) of the applicable Taxes designated by the Optionholder.

    (ii) STOCK
      DELIVERY. The Plan Administrator may, in its discretion, provide the
      Optionholder with the election to deliver to the Company, at the time the Option
      is exercised, one or more shares of Stock previously acquired by such individual
      (other than pursuant to the transaction triggering Taxes) with an aggregate
      fair
      market value equal to the percentage (not to exceed 100 percent) of the Taxes
      incurred in connection with such Option exercise as designated by the
      optionholder.

    

    3.16 GOVERNING
      LAW. The Plan shall be governed by and all questions thereunder shall be
      determined in accordance with the laws of the State of Nevada, without regard
      to
      its conflicts of laws principles. 

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

    ARTICLE
      IV

    DEFINITIONS

     

    The
      following capitalized terms used in this Plan shall have the meaning described
      below: 

    

    “AFFILIATES”
      shall have the meaning set forth in Section 2.1(b) hereof.

     

    “BOARD”
      shall mean the Board of Directors of the Company.

     

    “CAUSE”
      shall have the meaning set forth in Section 2.2(i)(i) hereof.

     

    “CHANGE
      IN CONTROL” shall mean and include the following transactions or situations (i)
      a person or related group of persons, other than the Company or a person that
      directly or indirectly controls, is controlled by, or under common control
      with
      the Company, acquires ownership of 40 percent or more of the Company’s
      outstanding common stock pursuant to a tender or exchange offer which the Board
      of Directors recommends that the Company’s stockholders not accept, or (ii) the
      change in the composition of the Board occurs such that those individuals who
      were elected to the Board at the last stockholders’ meeting at which there was
      not a contested election for Board membership subsequently ceased to comprise
      a
      majority of the Board by reason of a contested election. 

     

    “CODE”
      shall mean the United States Internal Revenue Code of 1986, as
      amended.

     

    “COMPANY”
      shall mean Victory Capital Holdings Corporation, a Nevada
      corporation.

     

    “CORPORATE
      TRANSACTION” shall mean (a) a merger or consolidation in which the Company is
      not the surviving entity, except for a transaction the principal purposes of
      which is to change the state in 

     

    which
      the
      Company is incorporated; (b) the
      sale,
      transfer of or other disposition of, all or substantially all of the assets
      of
      the Company and complete liquidation or dissolution of the Company, or (c)
      any
      reverse merger in which the Company is the surviving entity but in which the
      securities possessing snore than 50 percent of the total combined voting power
      of the Company’s outstanding securities are transferred to a person or persons
      different from those who held such securities immediately prior to such
      merger.

     

    “EFFECTIVE
      DATE” shall mean the date that the Plan has been approved by the stockholders as
      set forth in Section 1.3(a) hereof.

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

    “ELIGIBLE
      PERSONS” shall have the meaning set forth in Section 2.1(a) hereof.

     

    “EMPLOYEE”
      shall mean any natural person employed by the company and shall include, without
      limitation, officers, directors, independent consultants or
      advisors.

     

    “EMPLOYEE
      COMMITTEE” shall mean that committee appointed by the Board to administer the
      Plan with respect to the Non-Affiliates and comprised of two or more persons
      who
      are members of the Board. 

     

    “EXERCISE
      DATE” shall be the date on which written notice of the exercise of an Option is
      delivered to the Company in accordance with the requirements of the
      Plan.

     

    “EXERCISE
      PRICE” shall mean the Exercise Price per share as specified by the Plan
      Administrator pursuant to Section 2.2(b) hereof. 

     

    “GRANT
      PROGRAM” shall mean the program described in this Plan pursuant to which
      Eligible Persons are granted Options in the discretion of the Plan
      Administrator.

     

    “INCENTIVE
      STOCK OPTION” shall mean an Option that is intended to qualify as an “incentive
      stock option” under Code Section 422.

     

    “OPTIONED
      SHARES” shall have the meaning set forth in Section 2.2(a) hereof.

     

    “OPTIONHOLDER”
      shall mean an Eligible Person to whom Options have been granted.

     

    “OPTIONS”
      shall mean options to acquire Stock granted under the Plan.

     

    “PARENT
      CORPORATION” shall mean any corporation in the unbroken chain of corporations
      ending with the employer corporation, where, at each link of the chain, the
      corporation and the link above owns at least 50 percent of the combined total
      voting power of all classes of the stock in the corporation in the link
      below.

     

    “PLAN”
      shall mean this stock option plan for Victory Capital Holdings
      Corporation.

     

    “PLAN
      ADMINISTRATOR” shall mean (a) either the Board, the Senior Committee, or any
      other committee, whichever is applicable, with respect to the administration
      of
      the Grant Program as it relates to Affiliates, and (b) either the Board, the
      Senior Committee, the Employee Committee, or any other committee, whichever
      is
      applicable, with respect to the administration of the Grant Program as it
      relates to Non-Affiliates. 

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    “RULE
      16b-3” shall have the meaning set forth in Section 1.1(e) hereof. 

     

    “SENIOR
      COMMITTEE” shall have the meaning set forth in Section 2.1(b)
      hereof.

     

    “SERVICE”
      shall have the meaning set forth in Section 2.2(l) hereof.

     

    “STOCK”
      shall mean shares of the Company’s common stock, $.001 par value per share,
      which may be unissued or treasury shares, as the Board may from time to time
      determine. 

     

    “SUBSIDIARY
      CORPORATION” shall mean any corporation in the unbroken chain of corporations
      starting with the employer corporation, where, at each link of the chain, the
      corporation and the link above owns at least 50 percent of the combined voting
      power of all classes of stock in the corporation below. 

     

    “SUCCESSORS”
      shall have the meaning set forth in Section 2.21(i)(ii) hereof.

     

    “TAXES”
      shall have the meaning set forth in Section 3.15(b) hereof.

     

    

    
      
         

      

      
        -11-

        
          

        

      

      
         

      

    

     

    EXECUTED
      as of the 24th
      day of
      January 2006.

     

    

    Victory
      Capital Holding Corporation

    

    By:
      /s/
      Jon Fullenkamp

    ----------------------------------------------

    Jon
      Fullenkamp

    Its:
      Chief Executive Officer

    ATTESTED
      BY: ______________

    

    

    
      
         

      

      
        -12-Exhibit 10.1

    EXHIBIT
      10.1

    

    CONSULTING
      SERVICES AGREEMENT

    

    

    This
      Consulting Services Agreement (“Agreement”), dated January 30, 2006, is made by
      and between David Coloris (“Consultant”), and SinoFresh HealthCare, Inc., a
      Florida corporation (“Client”).

    

    WHEREAS,
      Consultant has extensive background in the area of preparing business plans
      and
      market research analysis;

    

    WHEREAS,
      Consultant desires to be engaged by Client to provide consulting services
      regarding the preparation of a business plan and market research analysis on
      the
      terms and subject to the conditions set forth herein (the
“Services”);

    

    WHEREAS,
      Client is a publicly held corporation with its common stock shares trading
      on
      the Over the Counter Bulletin Board under the ticker symbol “SFSH,” and desires
      to further develop its business and customers; and

    

    WHEREAS,
      Client desires to engage Consultant to provide the Services in its area of
      knowledge and expertise on the terms and subject to the conditions set forth
      herein.

    

    NOW,
      THEREFORE, in consideration for those services Consultant provides to Client,
      the parties agree as follows:

    

    1. Services
      of Consultant.

    

    Consultant
      agrees to perform for Client the Services. As such Consultant will provide
      bona
      fide services to Client including
      consulting services regarding the preparation of a business plan, infrastructure
      assessment, and market research analysis. The
      services to be provided by Consultant will not be in connection with the offer
      or sale of securities in a capital-raising transaction and
      will
      not directly or indirectly promote or maintain a market for the Company's
      securities. 

    

    
      
         

      

      
        -1-

        
          

        

      

      
         

      

    

    2. Consideration.

    

    Client
      agrees to pay Consultant, as his fee and as consideration for services provided,
      one hundred thousand (100,000) shares of common stock of the Client, which
      shall
      have an agreed upon value of $0.25 per share.

    

    3. Confidentiality.

    

    Each
      party agrees that during the course of this Agreement, information that is
      confidential or of a proprietary nature may be disclosed to the other party,
      including, but not limited to, product and business plans, software, technical
      processes and formulas, source codes, product designs, sales, costs and other
      unpublished financial information, advertising revenues, usage rates,
      advertising relationships, projections and marketing data (“Confidential
      Information”). Confidential Information shall not include information that the
      receiving party can demonstrate (a) is, as of the time of its disclosure, or
      thereafter becomes part of the public domain through a source other than the
      receiving party, (b) was known to the receiving party as of the time of its
      disclosure, (c) is independently developed by the receiving party or (d) is
      subsequently learned from a third party not under a confidentiality obligation
      to the providing party.

    

    4. Late
      Payment.

    

    Client
      shall pay to Consultant all fees within fifteen (15) days of the due date.
      Failure of Client to finally pay any fees within fifteen (15) days after the
      applicable due date shall be deemed a material breach of this Agreement,
      justifying suspension of the performance of the Services provided by Consultant,
      will be sufficient cause for immediate termination of this Agreement by
      Consultant. Any such suspension will in no way relieve Client from payment
      of
      fees, and, in the event of collection enforcement, Client shall be liable for
      any costs associated with such collection, including, but not limited to, legal
      costs, attorneys’ fees, courts costs and collection agency fees.

    

    5. Indemnification.

    

    (a) Client.

    

    Client
      agrees to indemnify, defend and shall hold harmless Consultant and/or his
      agents, and to defend any action brought against said parties with respect
      to
      any claim, demand, cause of action, debt or liability, including reasonable
      attorneys' fees to the extent that such action is based upon a claim that:
      (i)
      is true, (ii) would constitute a breach of any of Client's representations,
      warranties, or agreements hereunder, or (iii) arises out of the negligence
      or
      willful misconduct of Client.

    

    (b) Consultant.

    

    Consultant
      agrees to indemnify, defend and shall hold harmless Client, its directors,
      employees and agents, and defend any action brought against same with respect
      to
      any claim, demand, cause of action, debt or liability, including reasonable
      attorneys' fees, to the extent that such an action arises out of the gross
      negligence or willful misconduct of Consultant.

    

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

    (c) Notice.

    

    In
      claiming any indemnification hereunder, the indemnified party shall promptly
      provide the indemnifying party with written notice of any claim, which the
      indemnified party believes falls within the scope of the foregoing paragraphs.
      The indemnified party may, at its expense, assist in the defense if it so
      chooses, provided that the indemnifying party shall control such defense and
      all
      negotiations relative to the settlement of any such claim. Any settlement
      intended to bind the indemnified party shall not be final without the
      indemnified party's written consent, which shall not be unreasonably
      withheld.

    

    6. Termination
      and Renewal.

    

    (a) Term.

    

    This
      Agreement shall become effective on the date appearing next to the signatures
      below and terminate immediately upon Consultants completion of services. Unless
      otherwise agreed upon in writing by Consultant and Client, this Agreement shall
      not automatically be renewed beyond its Term.

    

    (b) Termination.

    

    Either
      party may terminate this Agreement on thirty (30) calendar days written notice,
      or if prior to such action, the other party materially breaches any of its
      representations, warranties or obligations under this Agreement. Except as
      may
      be otherwise provided in this Agreement, such breach by either party will result
      in the other party being responsible to reimburse the non-defaulting party
      for
      all costs incurred directly as a result of the breach of this Agreement, and
      shall be subject to such damages as may be allowed by law including all
      attorneys' fees and costs of enforcing this Agreement.

    

    (c) Termination
      and Payment.

    

    Upon
      any
      termination or expiration of this Agreement, Client shall pay all unpaid and
      outstanding fees through the effective date of termination or expiration of
      this
      Agreement. And upon such termination, Consultant shall provide and deliver
      to
      Client any and all outstanding services due through the effective date of this
      Agreement.

    

    7. Miscellaneous.

    

    (a) Independent
      Contractor.

    

    This
      Agreement establishes an “independent contractor” relationship between
      Consultant and Client.

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    (b). Rights
      Cumulative; Waivers.

    

    The
      rights of each of the parties under this Agreement are cumulative. The rights
      of
      each of the parties hereunder shall not be capable of being waived or varied
      other than by an express waiver or variation in writing. Any failure to exercise
      or any delay in exercising any of such rights shall not operate as a waiver
      or
      variation of that or any other such right. Any defective or partial exercise
      of
      any of such rights shall not preclude any other or further exercise of that
      or
      any other such right. No act or course of conduct or negotiation on the part
      of
      any party shall in any way preclude such party from exercising any such right
      or
      constitute a suspension or any variation of any such right.

    (c) Benefit;
      Successors Bound. 

    

    This
      Agreement and the terms, covenants, conditions, provisions, obligations,
      undertakings, rights and benefits hereof, shall be binding upon, and shall
      inure
      to the benefit of, the undersigned parties and their heirs, executors,
      administrators, representatives, successors and permitted assigns.

    

    (d) Entire
      Agreement.

    

    This
      Agreement contains the entire agreement between the parties with respect to
      the
      subject matter hereof. There are no promises, agreements, conditions,
      undertakings, understandings, warranties, covenants or representa-tions, oral
      or
      written, express or implied, between them with respect to this Agreement or
      the
      matters described in this Agreement, except as set forth in this Agreement.
      Any
      such negotiations, promises, or understandings shall not be used to interpret
      or
      constitute this Agreement.

    

    (e) Assignment.

    

    Neither
      this Agreement nor any other benefit to accrue hereunder shall be assigned
      or
      transferred by either party, either in whole or in part, without the written
      consent of the other party, and any purported assignment in violation hereof
      shall be void.

    

    (f) Amendment.

    

    This
      Agreement may be amended only by an instrument in writing executed by all the
      parties hereto.

    

    (g) Severability.

    

    Each
      part
      of this Agreement is intended to be severable. In the event that any provision
      of this Agreement is found by any court or other authority of competent
      jurisdiction to be illegal or unenforceable, such provision shall be severed
      or
      modified to the extent necessary to render it enforceable and as so severed
      or
      modified, this Agreement shall continue in full force and effect.

    

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    (h) Section
      Headings.

    

    The
      Section headings in this Agreement are for reference purposes only and shall
      not
      affect in any way the meaning or interpretation of this Agreement.

    

    (i) Construction.

    

    Unless
      the context otherwise requires, when used herein, the singular shall be deemed
      to include the plural, the plural shall be deemed to include each of the
      singular, and pronouns of one or no gender shall be deemed to include the
      equivalent pronoun of the other or no gender.

    

    (j) Further
      Assurances.

    

    In
      addition to the instruments and documents to be made, executed and delivered
      pursuant to this Agreement, the parties hereto agree to make, execute and
      deliver or cause to be made, executed and delivered, to the requesting party
      such other instruments and to take such other actions as the requesting party
      may reasonably require to carry out the terms of this Agreement and the
      transactions contemplated hereby.

    

    (k) Notices.

    

    Any
      notice which is required or desired under this Agreement shall be given in
      writing and may be sent by personal delivery or by mail (either a. United States
      mail, postage prepaid, or b. Federal Express or similar generally recognized
      overnight carrier), addressed as follows (subject to the right to designate
      a
      different address by notice similarly given):

    

    If
      to
      Client: SinoFresh
      HealthCare, Inc.

    516
      Paul
      Morris Drive

    Englewood,
      Florida 34223 

    

    With
      a
      copy to:  David
      M.
      Otto

                                             
      The
      Otto Law Group, PLLC

                                               601
      Union
      Street, Suite 4500

                                                Seattle,
      Washington 98101

     

    If
      to
      Consultant:  _____________________

                                              
      _____________________

                                              
      _____________________

    

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    

    (l) Governing
      Law.

    

    This
      Agreement shall be governed by the interpreted in accordance with the laws
      of
      the State of Washington without reference to its conflicts of laws rules or
      principles. Each of the parties consents to the exclusive jurisdiction of the
      federal courts of the State of Washington in connection with any dispute arising
      under this Agreement and hereby waives, to the maximum extent permitted by
      law,
      any objection, including any objection based on forum
      non coveniens,
      to the
      bringing of any such proceeding in such jurisdictions.

     

    (m) Consents.

    

    The
      person signing this Agreement on behalf of each party hereby represents and
      warrants that he has the necessary power, consent and authority to execute
      and
      deliver this Agreement on behalf of such party.

    

    (n) Survival
      of Provisions.

    

    The
      provisions contained in paragraphs 3, 5, 6, and 7 of this Agreement shall
      survive the termination of this Agreement.

    

    (o) Execution
      in Counterparts.

    

    This
      Agreement may be executed in any number of counterparts, each of which shall
      be
      deemed an original and all of which together shall constitute one and the same
      agreement.

    

    IN
      WITNESS WHEREOF, the parties have caused this Agreement to be executed and
      have
      agreed to and accepted the terms herein on the date written above.

    

     

    

    CLIENT:

    

    SinoFresh
      HealthCare, Inc.  

    

    

    By
      :
      _________________________

    

    Name:_______________________

    

    Its:__________________________

    

    

    

    CONSULTANT:

    

    By:
           

    Name:
      David Coloris

     

    

    
      
         

      

      
        -6-

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