Document:

ADDENDUM TO EMPLOYMENT AGREEMENT

Exhibit 10.1

ADDENDUM TO EMPLOYMENT AGREEMENT

       
THIS AGREEMENT is entered in between Freedom Financial Group, Inc.,
a Delaware corporation (hereinafter "Company") and Jerald L.
Fenstermaker of Springfield, Missouri, (hereinafter "Employee") and on
this 27th day of April, 2006, agree as follows:

       
WITNESSETH:

       
WHEREAS, Employee is presently President of Company;

       
WHEREAS, Company and Employee
on or about September 15, 2004, entered into an agreement for employment of
Employee for a period of two (2) years from and after September 15, 2004 (the
"Employment Agreement");

       
WHEREAS, the parties have
discovered that, due to a scrivener's error, there was a mistake in paragraph 7
of the Employment Agreement, and the parties desire to amend paragraph 7 of the
Employment Agreement to correct the error.

       
NOW, THEREFORE, in
consideration of the covenants and agreements as hereinafter set forth, the
parties agree that paragraph 7 of the Employment Agreement is hereby amended to
read  as follows:

  
           
    7.                 
    Stock Ownership. 
    Employee currently owns 700,000 shares of common stock of Company. 
    Employee shall be protected against dilution of his shares during the
    term of this Agreement.  Unless
    terminated for cause, if Employee's employment with Company is terminated,
    either voluntarily or involuntarily, Employee shall have the right to put
    his stock to Company at ninety percent (90%) of its value as determined by a
    recognized market for the stock of Company as of the date of termination of
    Employee's employment with Company.  In
    the event there is no recognized market for the shares of stock of Company,
    then Employee shall have the right to put his stock to Company at ninety
    (90%) percent of its fair market value as of the date of his termination.
    The parties agree that until the Preferred Stock is fully paid,  the
    Common Stock of the Company has no value. If Employee resigns his employment
    or voluntarily terminates his employment with Company during the first year
    of the term of this Agreement, that is between September 15, 2004, and
    September 14, 2005, then he will voluntarily assign to the Company at no
    cost or charge to Company 350,000 shares of stock in Company which Employee
    currently owns. If Employee resigns his employment or voluntarily terminates
    his employment with Company during the second year of the term of this
    Agreement, that is between September 15, 2005, and September 14, 2006, then
    he will voluntarily assign to the Company at no cost or charge to Company
    175,000 shares of stock in Company which Employee currently owns. Employee
    will be under no obligation to return any shares of stock to Company if his
    employment is terminated for any reason on or after September 15, 2006. 
    In the event of the sale or liquidation of Company or if Employee is
    totally disabled, then all 700,000 shares of stock which Employee currently
    owns are deemed owned and vested in Employee.

  

        The
parties further agree that in all other respects the Employment Agreement
remains in full force and effect.

 

SIGNATURES

  
     IN WITNESS WHEREOF, the parties have duly executed this
Agreement under seal as of the day and year first above written.

  
COMPANY:

FREEDOM
FINANCIAL GROUP, INC.

a Delaware corporation

By: 
/s/ Jerald L. Fenstermaker

Name: 
Jerald L. Fenstermaker

Title:    President

 

EMPLOYEE:

 /s/ Jerald L. Fenstermaker

Jerald
L. Fenstermaker

4/27/0610.5     Employment  Agreement  with  Graham  James  Bristow

                              EMPLOYMENT AGREEMENT

THE  EMPLOYMENT  AGREEMENT (the "Agreement") is made as of July 6th, 2005 by and
between  Island Residences Club, Inc a Delaware Corporation, ("Company"), Graham
James  Bristow,  an  individual  and  Australian  and  New  Zealand  citizen
("Executive").

                                     RECITAL

A.     The  Company  is  engaged  in the business of developing and marketing of
real  estate  projects  with  affiliated  vacation rights in different locations
worldwide  (the  "Business")  and  has need for personnel with experience in the
management,  administration,  finance,  operation  and  marketing of real estate
projects.
B.     The  Executive  is  experienced  in  matters  involving the operation and
marketing  of  real  estate  projects and the operation of a vacation membership
club.
C.     The  parties  are willing to enter into the Agreement with respect to the
Executive's  employment  and  services upon the terms and conditions hereinafter
set  forth.

                                    AGREEMENT

In  consideration  of  the foregoing recitals and the premises herein contained,
the  parties  agree  as  follows:

                                     I. TERM

Subject  to  the provisions of Section IV hereof, the Company hereby employs the
Executive and the Executive hereby accepts employment with the Company beginning
on  March  17th,  2005 ("Employment Date") and it shall continue in effect for a
period  of  one  year.  Thereafter,  the  agreement shall be renewed upon mutual
agreement  of  the Executive and the Company.  The agreement and the Executive's
employment  may  be  terminated  at  the Company's discretion during the initial
term,  provided  that  the Company shall pay to the Executive an amount equal to
payment  at  the  Executive's base salary rate for six months.  (The "Employment
Term").

                                   II. DUTIES

II.0  GENERAL  DUTIES

The  Executive  shall  serve  as  President and Chief Executive Officer (CEO) of
Island  Residences  Club,  Inc  during  the  Employment  Term.

The  Executive,  during  the  Employment  Term,  subject  to  the  policies  and
directives  of the Board of Directors of Company ("Board"), shall be responsible
for the development of the business and its profitable operation to the benefits
of  the investors, members, shareholders, clients and customers and employees of
Island  Residences  Club,  Inc.

II.1  DEVOTION  OF  TIME  TO  COMPANY'S  BUSINESS

The Executive agrees during the Employment Term, to devote his/her best efforts,
and  his/her  business  time,  to  his/her  employment  with the Company, and to
perform  such  duties  a  are  specified  in  Section II.0 and such other duties
consistent with Section II.0 as shall be reasonably requested by the Board.  The
Executive shall not, during the Executive's employment, engage in any activities
that  are  detrimental  to  the  business  of  the  Company.

It  is  acknowledged  that  the  Executive  and/or  entities  controlled  by the
Executive  is  a  major  shareholder  in  the  Company  and  that  he  is also a
Commissioner and non-executive of PT Island Concepts Indonesia, Tbk an affiliate
of the Company.  The time devoted to these declared interests is not expected to
adversely  affect  the  Executive  devotion  of  time to the Company's business.

                         III. COMPENSATION AND BENEFITS

As  compensation for his/her services hereunder, during the Employment Term, the
Executive  shall,  apart  from  prior  authorized  claimable  expenses,  receive
compensation  and benefits payable in stock at the times and in the installments
consistent  with Company's practices.  The total Compensation & Benefits is Five
Thousand  (5,000)  shares  of  common  stock  per  month  for a total during the
Employment  Term  of Sixty Thousand (60,000) shares of common stock.  Selling of
the  Stock  shall  be  limited  to provisions of a mutually acceptable agreement
between  the  Executive  and  the  Board  or shall be redeemed by the Company in
certain  circumstances.

                                 IV. TERMINATION

IV.0  TERMINATION  FOR  CAUSE

The  Company  may  terminate the Executive's employment under the Agreement, for
"cause, due to any of the following acts or omission: (a) The Executive's breach
of any statutory or common law fiduciary duty of loyalty to the Company; (b) The
Executive's  indictment for any felony, or for any crime or offense causing harm
to  the  Company  or  any  of its affiliates, or involving acts of theft, fraud,
misappropriation of funds, embezzlement, moral turpitude or similar conduct; (c)
any  proven  illegal  act which materially and adversely affects the business of
the  Company  or  any  of  its  affiliates; or (d) the Executive's breach of any
material  provision  or  covenant  of  the Agreement, or of any other agreements
entered  into  in  connection with the Agreement.  If the Company terminates the
Agreement  for  cause  pursuant  to  the Section II.1, the Company shall have no
further  obligation  or  liability  to  the  Executive.

IV.2  TERMINATION  FOR  DEATH  OR  DISABILITY

The  Agreement  and  the  Executive's  employment  hereunder  shall  terminate
automatically upon (1) the Executive's death or (2) the date of determination by
the  Board  that  the  Executive  has  a  disability.

As  used  herein,  "disability"  shall  mean  any  condition that qualifies as a
disability under Company's long-term disability plan as in effect on the date of
determination  or  which  renders  the  Executive  incapable  of  performing
substantially  all  of  the  Executive's  managerial  and the Executive services
hereunder  for ninety (90) days or more in the aggregate during any one (1) year
period,  and  which  at  any time after such (90) days the Board shall determine
continues  to  render  the  Executive  incapable  of  performing the Executive's
managerial and the Executive services hereunder.  If the Agreement is terminated
because of the Executive's death or disability pursuant to the Section IV.0, the
Company  shall  have  no  further  obligation  or  liability  to  the Executive.

IV.3  NO  ADDITIONAL  PAYMENTS

Upon  termination  of  the Executive's employment hereunder, the Executive shall
not be entitled to any severance payments or severance benefits from the Company
or any payments by the Company on account of any claim for wrongful termination,
including  but not limited to claims under any federal, state or local human and
civil  rights  or  labor  laws, excepts for any benefits which may be due to the
Executive  in  the  normal course under any Executive benefit plan or program of
the  Company which provides for benefits under the Agreement upon termination of
employment  will  cease  if  the  Executive  breaches any provision of Section V
below.

                            V. RESTRICTIVE COVENANTS

V.1  CONFIDENTIAL  AND  PROPRIETARY  INFORMATION

As  an  Executive  of  the  Company,  the Executive shall have access to certain
Confidential  and  Proprietary  Information  (as  defined  below) concerning the
Company  and  its  Affiliates  (as defined below).  The Executive agrees that he
will  not,  either  directly or indirectly, disclose to any person or use any of
the  Confidential  and  Proprietary Information in any way during the Employment
Term  (except  as required in the course of the performance of his/her duties to
the  Company)  or  after the expiration of the Employment Term.  For purposes of
the  agreement,  "Confidential  and  Proprietary  Information"  means any of the
following  information  relating  to  the  business  of  the Company that is not
generally  known to competitors, suppliers and customers of the Company: (i) any
business  or  technical  information,  design,  process,  procedure,  formula,
improvement,  or  any  portion or phase thereof, that is owned by or has, at the
time of determination, been used by the Company; (ii) any information related to
the  development  of  products  and  systems;  (iii)  any information concerning
proposed  new  products  and  systems;  (iv)  any  information  concerning
customer/member  lists  and  other customer/member information, vendor lists and
information,  price data, cost data, profit plans, capital plans and proposed or
existing  marketing  techniques  or  plans;  and (v) any other information which
would  constitute  a  "Trade  Secret"  under  the  Uniform  Trade  Secrets  Act.

For  purposes  of  the  Agreement,  "Affiliate"  means any corporation, company,
partnership,  joint  venture,  firm  and/or  other  entity  which  controls,  is
controlled  by  or is under common control with the person with respect to which
the term "Affiliated" is used.  For purposes of the Agreement, "Person" means an
individual,  corporation,  partnership,  limited  liability  company,  trust  or
unincorporated  organization,  or  a  government  or  any  agency  or  political
subdivision  thereof.  "Control"  means  (a)  in the case of corporate entities,
direct  or  indirect  ownership  of at least fifty percent (50%) or the stock or
participating  shares entitled to vote for the election of directors; and (b) in
the  case  of  non-corporate  entities  such  as  limited  liability  companies,
partnerships or limited partnerships, either (c) direct or indirect ownership of
at  least fifty percent (50%) of the equity interest, or (d) the power to direct
the  management  and  policies  of  the  non  corporate  entity.

V.2  INVENTIONS  AND  IMPROVEMENTS

The  Executive  agrees  that  he/she will assign to the Company, without further
consideration,  the  exclusive  rights and title to all inventions, discoveries,
ideas,  improvement,  and  other  intellectual  property made or acquired by the
Executive during the Employment Term, whether alone or jointly with others.  The
Executive  further  agrees to execute any and all documents that are required in
order  to  transfer  or  assign  such  property  rights  to  the  Company.

V.3  EQUITABLE  RELIEF

The  Executive  acknowledges  and agrees that his/her services are of a special,
unique  and  extraordinary  value  to  the  Company  and its Affiliates and that
damages  alone  may  be  an  inadequate  remedy for any breach of the Agreement.
Accordingly,  in  the  event  of  the  breach  by  the  Executive  of any of the
provisions  of  the Agreement, the Company may, in addition and supplementary to
other  rights  and  remedies existing in its favor, apply to any court of law or
equity  of  competent jurisdiction for specific performance and/or injunctive or
other  relief  in order to enforce, or prevent any violations of, the provisions
of  the  Agreement.

                                  MISCELLANEOUS

VI.1  SEVERABILITY

Every  provision  of  the Agreement is intended to be severable.  If any term or
provision  hereof is declared by a court of competent jurisdiction to be illegal
or  invalid,  such  illegal  or  invalid  term or provision shall not affect the
balance  of  the  terms  and provisions hereof, which terms and provisions shall
remain  binding  and  enforceable.

VI.2  NOTICE
Any  notice  or communication required to be given hereunder may be delivered by
hand,  deposited  with  an  overnight  courier,  sent by confirmed facsimile, or
mailed  by  registered  or  certified  mail,  if  to Company, to Graham Bristow,
President  and  if  to  the  Executive,  to  his  office.
Notice  shall  be  deemed  received  on  the  date  sent if sent by facsimile or
personal  delivery;  three  days  after  the  date sent if sent by registered or
certified  mail;  and  one  day  after  the  day it is sent if sent by overnight
courier.

VI.3  ENTIRE  AGREEMENT

The  Agreement shall be governed by and construed in accordance with the laws of
the  State  of  Delaware.

VI.4  ARBITRATION

If  a  dispute  arises  relating to the terms and provisions of the Agreement or
involves  any claim for breach of any contract or covenant (express or implied),
tort claims, claims for discrimination (including, but not limited to race, sex,
religion,  national  origin, age or handicap), claims for compensation or claims
for  violations  of  any  federal,  state,  foreign  or  other governmental law,
statute,  regulation  or  ordinance,  then either party may initiate arbitration
proceedings in accordance with the Rules of the American Arbitration Association
("AAA").  Both  parties  hereby consent to such arbitration, and any arbitration
award shall be final and binding.  Neither party shall disclose the existence of
any  dispute  or the terms of any arbitration decision to any third party, other
than  their legal counsel, accountants, and financial advisors or as required by
law.

VI.5  REPRESENTATION

THE  EXECUTIVE ACKNOWLEDGES THAT HE/SHE HAS BEEN REPRESENTED BY LEGAL COUNSEL IN
CONNECTION  WITH  THE  AGREEMENT  AND  HAS  CONSULTED  WITH  SUCH LEGAL COUNSEL.

VI.6  COUNTERPARTS

The  Agreement may be executed in counterparts, all of which taken together will
constitute  one  instrument.

VI.7  WAIVER

Either  party's  failure to enforce any provision or provisions of the Agreement
shall  not  in  any  way  be  construed  as  a  waiver  of any such provision or
provisions,  nor  prevent  that  party  thereafter from enforcing each and every
other  provision  of  the Agreement.  The rights granted both parties herein are
cumulative  and  shall not constitute a waiver of either party's right to assert
all  other  legal  remedies  available  to  it  under  the  circumstances.

VI.8  BINDING  EFFECT

Except  as  otherwise  provided in the Agreement, the Agreement shall be binding
upon  and  inure  to  the  benefit  of  the  parties hereto and their respective
successors,  heirs,  and  assigns.

The Executive shall not assign, convey, or otherwise transfer, voluntarily or by
operation  of law, to any person or entity, the Agreement or any interest herein
without  the prior written consent of the Company.  Any attempt to do so without
such  consent  shall  be  null  and  void.

IN  WITNESS  WHEREOF,  the parties hereto have duly executed the Agreement as of
the  date  first  above  written.

ISLAND  RESIDENCES  CLUB,  INC

By:  /s/  Bob  Bratadjaya
     --------------------
     Bob  Bratadjaya

THE  EXECUTIVE

By:  /s/  Graham  James  Bristow
     ---------------------------
     Graham  James  Bristow

Address:  P.O.  Box  1947,  Noosa  Heads
        Queensland  4567,  Austrailia

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