Document:

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                                  EXHIBIT 10.4

                  YAN SKWARA'S EMPLOYMENT AGREEMENT WITH SDSDC

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                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT, made and entered this 17th day of July,
2000, in San Diego County, San Diego, California, by and between SAN DIEGO
SOCCER DEVELOPMENT CORPORATION, a California corporation, hereinafter referred
to as "Employer" or "Parent Company," and YAN SKWARA, hereinafter referred to as
"Employee."
                            RECITALS AND DEFINITIONS

              A. WHEREAS, Employer is a publicly traded entity on the over the
     counter pink sheets and is primarily in the business of developing and
     promoting soccer-related businesses in the United States;

              B. WHEREAS, Employer currently owns, in its entirety, a second
     division professional soccer franchise in the United Soccer Leagues, Inc.
     (hereinafter referred to as the "USL") called the San Diego Flash;

              C. WHEREAS, Employee, in his capacity as founder, has been acting
     as Chief Executive Officer and President of San Diego Soccer Development
     Corporation since October of 1998;

              D. WHEREAS, Employer, in its overall mission to expand its soccer
     related holdings and business development is contemplating the acquisition
     of two additional second division professional franchises, also part of the
     USL and acquiring the entirety of the Riverside County Elite (hereinafter
     referred to as the "Acquisition and Merger");

              E. WHEREAS, after the merger of the above referenced professional
     soccer franchises by San Diego Soccer Development Corporation, each
     franchise will be owned and operated as a separate California corporation.
     Each franchise corporation will be a wholly

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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     owned subsidiary of San Diego Soccer Development Corporation, which will
     change its name to reflect its national presence and its status as the
     parent holding corporation "Parent Company" for the four franchise
     corporations. The name "Soccer Development Corporation of America" shall
     be the name of the new holding corporation that will own and operate the
     San Diego Flash franchise;

              F. WHEREAS, based on the anticipated changes to the corporate
     structure of the Parent Company, a restructuring to the management of the
     Parent Company has been agreed to per Unanimous Written Consent of the
     Directors on this same date of June 1, 2000. The Parent Company/Employer
     now desires to formalize the employment of Yan Skwara by entering this
     employment agreement ("Agreement") that reflect the changes in the
     management structure as implemented by the Board of Directors.

              G. WHEREAS, Employee agrees to be employed by Employer throughout
     the term of this agreement and further desires to formalize the management
     structure as implemented by the Board of Directors.

                                    AGREEMENT

         NOW, THEREFORE, by and in consideration of the mutual covenants and
promises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Employer and Employee agree as follows:

EMPLOYMENT TITLE: Employer employs Employee on the terms and conditions stated
         in this Agreement to perform the functions as Chief Executive Officer
         ("CEO") and President from June 1, 2000 through the earlier date of
         November 30, 2000, or the effective date of the Acquisition and Merger.
         At which time Yan Skwara shall be given the title of President of the
         subsidiary corporation that will operate the San Diego Flash franchise.
         If the Board resolves to hire a CEO and President for the Parent
         Company, Yan Skwara shall have the opportunity to submit his formal
         application, in writing for the position of CEO and President of the
         Parent Company based on his experience, education, expertise

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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         and performance under this contract. If the Board resolves that Yan
         Skwara is not the most qualified of the applicants to hold the position
         of CEO and President of the new holding company, then Yan Skwara will
         automatically assume the position as President of the San Diego Flash
         subsidiary franchise for the remainder of the term of this Agreement.
         The naming of a new CEO and President for the Parent Corporation by the
         Board of Directors shall not in any manner affect Yan Skwara's rights
         under this Agreement.

TERM OF EMPLOYMENT. The term of Employee's employment shall be three (3)
         calendar years commencing on the first day of June, 2000 and continuing
         until May 31, 2003. Employer and Employee will have the option to renew
         this contract for an additional three (3) year term as more
         specifically set forth in paragraph 4 below.

OPTION TO RENEW CONTRACT. Employer and Employee may exercise the option to
         extend the terms of this agreement for two additional years, by
         executing a mutually agreed upon letter of intent to extend employment,
         prior to April 30, 2003. Upon the execution of said letter of intent,
         Employee and Employer shall discuss, at that time, renewed terms for
         compensation for Employee's services. Employee shall grant Employer
         thirty days (30) of exclusivity after the letter of intent is signed,
         in order to present and discuss new terms for a renewed contract term.

DUTIES AND RESPONSIBILITIES.

         Employee's responsibilities, duties and obligations under this
                  Agreement, regardless of his title during the term of this
                  Agreement, shall be governed by the discretion of the Board of
                  Directors of the Parent Company. Employee shall perform his
                  responsibilities, duties and obligations and report directly
                  to the Board of Directors of the Parent Company.

         Employee, regardless of his title, shall not have any authority over
                  any operational or management issues of the Parent Corporation
                  or any of its subsidiary corporations. Employee shall deliver
                  possession and control of all revenue and monetary controls to
                  the Chief Operating Officer and shall relinquish all controls
                  over management issues.

         Employee shall fully engage all of his efforts in complying with his
                  employment work scope, tasks and specific performance
                  objectives that are more fully set forth in the attached
                  Addendum "A" Employment Work Scope Description, which is
                  incorporated herein and made a part hereof by this reference.

EMPLOYEE'S BEST EFFORT. During his employment, Employee shall devote his full
         energies, interest, abilities, and productive time to the performance
         of this Agreement and shall not, without Employer's prior written
         consent, render to others services of any kind for compensation, or
         engage in any other business activity that would interfere with the
         performance of his duties under this Agreement. Subject to the sole
         discretion of the Employer, Employee shall diligently and faithfully
         use Employee's best efforts and skills

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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         to promote the Employer's best interests. As a member of management
         for Employer, Employee's exact working hours and the total number
         of hours Employee works each week may surpass normal business hours
         depending upon the demands of Employer. Employee shall be expected
         to devote whatever time is necessary to ensure the timely completion
         of Employee's responsibilities and duties.

PROMOTIONOF COMPETING ORGANIZATION. During the employment term, Employee shall
         not, directly or indirectly, whether as a partner, Employee, creditor,
         shareholder, or otherwise, promote, participate, or engage in any
         activity or other business that is competitive with this Employer's
         business. During the course of his employment, Employee shall not
         compete, directly or indirectly with this Employer in the field of
         organizing, promoting, directing and supervising the promotion of any
         other professional soccer organization.

COMPENSATION. Employer shall pay to Employee the compensation package more
         specifically set forth in Addendum "B" to this Agreement. The terms and
         conditions set forth in Addendum "B" are incorporated herein as if set
         forth in full.

Confidential Information and Trade Secrets.

         During the course of his employment, Employee shall have access to
                  trade secrets and other confidential information which is of a
                  special and unique nature, the value of which would be
                  destroyed by disclosure to any person or entity not directly
                  affiliated with the team owned and operated by the Employer.
                  Such trade secrets and confidential information include, but
                  are not limited to, customer lists, customer agreements, price
                  lists, marketing plans, research reports and studies, sales
                  materials, merchandising aids, books, and the identity and
                  purchasing preferences of Employer's clients, business
                  partners, customers and suppliers. Accordingly, Employee
                  agrees that without the prior express written consent of the
                  Board of Directors of Employer, Employee shall not, either
                  during the term of this Agreement or at any time thereafter,
                  disclose any such trade secrets or confidential information,
                  directly or indirectly, to anyone not affiliated directly with
                  the management of the Employer's business operations. Employee
                  further agrees that he shall never use any trade secrets or
                  confidential information for the benefit of anyone other than
                  the Employer, without the prior written consent of the Board
                  of Directors of Employer.

         All books, files, customer lists, records, documents, brochures, office
                  equipment, keys and any other items relating to the Employer's
                  business which have been or shall be prepared, possessed or
                  controlled by Employee are, and shall forever remain, the sole
                  and exclusive property of the Employer. Accordingly, Employee
                  shall surrender any and all such material to the Employer
                  immediately upon the request by the employer or upon the
                  termination of this Agreement, whichever occurs earlier.

TERMINATION. This Agreement shall automatically terminate for "cause" on the
         occurrence of any of the following events:

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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         Failure to materially perform and discharge his responsibilities,
                  duties and obligations under this Employment Agreement or the
                  material breach of any term under the Employment Agreement or
                  material breach of any term under the Employment Agreement.

         Any misconduct by Employee that is deemed materially injurious to the
                  Corporation;

         Employee's conviction of any felony involving moral turpitude or
                  personal dishonesty;

         Failure to meet the performance requirements as set forth in the
                  Addendum "B" Compensation Package;

         Or failure to provide full written disclosure of all known liabilities,
                  debts, stock control issues and potential lawsuits known by
                  Yan Skwara prior to signing this Agreement as set forth in
                  Addendum "C" are incorporated herein as if set forth in full.

SEVERANCE PAYMENTS UPON TERMINATION WITHOUT CAUSE. In the event this Agreement
         is terminated by Employer under Paragraphs 5(a), 5(b), 5(c), 5(d),
         5(e), and Addendum "C" of this Agreement, and only under those
         paragraphs, Employer shall not be obligated to pay any severance pay to
         Employee. Further, in the event that termination occurs under the terms
         of Paragraphs 5(a), 5(b), 5(c), 5(d) and 5(e), all benefits then
         received by Employee, shall also cease upon Employee's receipt of any
         Notice of Termination. Termination by Employer for any other reason,
         shall require employer to continue to pay Employee the compensation and
         benefits set forth in Addendum "B" for the duration and completion of
         the term of this Agreement, which does not include the option year
         unless termination occurs during the option term of this Agreement.

ARBITRATION. Any controversy or claim arising out of or relating to this
         Agreement, or breach of this Agreement, shall be settled by arbitration
         in accordance with the Commercial Arbitration Rules of the American
         Arbitration Association, and judgment on the award rendered by the
         arbitrators may be entered in any court having jurisdiction. There
         shall be three arbitrators, one to be chosen directly by each party at
         will, and the third arbitrator to be selected by the two arbitrators so
         chosen. Each party shall pay the fees of the arbitrator he selects and
         of his own attorneys, and the expenses of his witnesses and all other
         expenses connected with presenting his case. Other costs of the
         arbitration, including the cost of any record or transcripts of the
         arbitration, administrative fees, the fee of the third arbitrator, and
         all other fees and costs, shall be borne equally by the parties.

NOTICE. Any notice provided for in this Agreement shall be in writing and shall
         be deemed to have been properly served or given, if sent by certified
         mail, postage paid, to the following addresses or any succeeding
         addresses thereto.

         EMPLOYER                                    EMPLOYEE

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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         BOARD OF DIRECTORS                          YAN SKWARA
         San Diego Soccer Development Corp.          __________________________
         5222 Balboa Avenue, Suite 24                __________________________
         San Diego, California  92117

ASSIGNMENT. By signing this Agreement, Employee acknowledges the services
         rendered by Employee are unique and personal. Accordingly, employee may
         not assign any rights or delegate any duties or obligations under this
         Agreement. However, the rights and obligations of the Employer under
         this Agreement shall inure to the benefit of any shall be binding upon
         any successors and assigns of the Employer.

SEVERABILITY. If any provision of this Agreement is held invalid or
         unenforceable, the remainder of this Agreement shall nevertheless
         remain in full force and effect. If any provision is held invalid or
         unenforceable with respect to particular circumstances, it shall
         nevertheless remain in full force and effect in all other
         circumstances.

GOVERNING LAW. This Agreement has been entered in San Diego, the State of
         California. The substantive and procedural laws of the State of
         California shall govern the interpretation and enforcement of this
         Agreement.

ENTIRE AGREEMENT. This Agreement shall constitute the entire agreement between
         the parties and any prior understanding or representation of any kind
         preceding the date of this Agreement shall not be binding upon either
         party except to the extent incorporated by this Agreement.

MODIFICATION OF AGREEMENT. A modification of this Agreement or additional
         obligations assumed by either party in connection with this Agreement
         shall be binding only if evidenced in writing signed by each party to
         authorized representative of each party herein.

WAIVER. The failure of the Employer t exercise any right or remedy upon any
         breach or default set forth in this Agreement, or delay by the Employer
         in exercising any such right or remedy, shall not operate as a waiver.
         No waiver of any type shall be binding upon the Employer unless
         evidenced by a writing signed by the entire Board of Directors of
         Employer.

ATTORNEYS FEES AND COSTS. In the event that any proceeding is commenced
         involving the interpretation of enforcement of the provisions of this
         Agreement, the party prevailing in such proceeding shall be entitled to
         recover reasonable attorneys' fees and costs.

TITLES. The titles of the various sections herein are intended solely for
         convenience of reference, and are not intended and shall not be deemed
         for any purpose whatsoever to modify, explain, summarize or place any
         construction upon any of the provisions of this Agreement, and shall
         not affect the meaning or interpretation of this Agreement.

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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AGREED AND EXECUTED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE:

         EMPLOYER

         San Diego Soccer Development Corporation

         By: /s/ Steven Peacock
            ------------------------------------
         Title: Chairman
               ---------------------------------

         EMPLOYEE

          /s/ Yan Skwara
         ---------------------------------------
         YAN SKWARA

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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                                  ADDENDUM "A"
                       EMPLOYMENT WORK SCOPE DESCRIPTION

         The following is the employment scope description for Yan Skwara
pursuant to the herein Employment Agreement dated June 1, 2000. Yan Skwara shall
be responsible for the performance and discharge the following duties,
obligations, responsibilities and performance objectives during the term of this
agreement.

1.   PRIVATE PLACEMENT MEMORANDUM COORDINATION. Yan Skwara, shall assist in
     coordinating the completion of the Private Placement Memorandum currently
     being drafted by Employer's professional associates and Securities Counsel.
     Yan Skwara shall work in concert with the Employers professional associates
     and Securities Counsel in the preparation of monthly reports to the Board
     of Directors regarding the status, drafting and final completion of the
     Private Placement Memorandum. The Board of Directors shall approve the
     finalized Private Placement Memorandum prior to the solicitation of any
     shareholder thereunder.

2.   CAPITAL FORMATION. Yan Skwara shall be responsible for raising Five Hundred
     Thousand U.S. Dollars ($500,000) per 12 month period under this agreement
     starting June 1, 2000. Said capital shall be raised by legal means, under
     the supervision and direction of the Board of Directors in the form of the
     PPM stock offerings by the publicly traded holding corporation, currently
     known as San Diego Soccer Development Corporation. Due to the commitments
     and time necessary to perform the capital raising objectives of Employer in
     addition the necessity to make presentations in the field to prospective
     investors away from company offices, Yan Skwara will need to work out of
     his home office to perform such duties and obligations and will have an
     office at the company headquarters, and will be present in the company
     offices only when necessary to perform his obligations, responsibilities
     and duties under this agreement.

3.   INVESTOR RELATIONS. Yan Skwara shall continue to nurture and enhance
     relations between existing shareholders of Employer and further promote
     Employer's position as a publicly traded company to existing and future
     shareholders.

4.   MEZZANINE/BRIDGE FINANCING. Yan Skwara, at the discretion and direction of
     the Board of Directors, may be requested to solicit and secure
     mezzanine/bridge financing during the term of this agreement, until the
     Parent Company Board of Directors approves the PPM Offering.

5.   RELINQUISHMENT OF ALL BINDING AUTHORITY. Yan Skwara, pursuant to this
     Agreement and the Unanimous Consent of the Directors of San Diego Soccer
     Development Corporation, shall relinquish all authority to bind Employer to
     any financial commitment, unless otherwise set forth in this Agreement.

6.   RELINQUISHMENT OF ALL MANAGEMENT/OPERATIONAL CONTROL. Yan Skwara, by
     entering this agreement has fully relinquished all managerial and
     operational authority and control to the

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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     designated Chief Operating Officer of the Employer. Such relinquishment
     includes turning all accounting and revenue related accounts and matters
     to the Chief Operating Officer and removing himself from all such financial
     and operational decision-making process.

                              EMPLOYMENT     _______________     _______________
                              AGREEMENT          EMPLOYER            EMPLOYEE

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                                  ADDENDUM "B"
                              COMPENSATION PACKAGE

1.       BASE SALARY: The following base salary shall be paid in accordance with
company payroll procedures and with applicable tax withholding requirements:

         A.       JUNE 1, 2000 THROUGH MAY 31, 2001: Yan Skwara shall be paid
                  $7,000 (Seven Thousand Dollars) per month payable the tenth
                  day of each calendar month, starting June 1, 2000 and
                  continuing through May 31, 2001.

         B.       JUNE 1, 2001 THROUGH MAY 31, 2002: Provided that Yan Skwara
                  has satisfied his Employer's performance objectives for the
                  previous twelve month period, as more fully set forth in
                  Addendum "A" hereto, Yan Skwara shall be paid $7,600 (Seven
                  Thousand Six Hundred U.S. Dollars) per month payable the first
                  day of each calendar month, starting June 1, 2001 and
                  continuing through May 31, 2002.

         C.       JUNE 1, 2002 THROUGH MAY 31, 2003: Provided that Yan Skwara
                  has satisfied his Employers performance objectives for the
                  previous twelve month period, as more fully set forth in
                  Addendum "A" hereto, Yan Skwara shall be paid $8,200 (Eight
                  Thousand Two Hundred U.S. Dollars) per month payable the first
                  day of each calendar month, starting June 1, 2002 and
                  continuing through May 31, 2003.

2.       STOCK OPTION BONUS FOR 1999: Upon the signing of this Agreement, Yan
Skwara will receive an option to purchase 200,000 shares of restricted stock at
$.25 per share in San Diego Soccer Development Corporation or the Company's then
successor name. The option will have a cashless feature and said option will
expire on the sooner of the expiration of this employment contract or its
termination for cause.

3.       STOCK BONUS FOR EQUITY CAPITAL: Yan Skwara shall receive a .15%
(Fifteen percent) common share stock bonus for capital raised above $500,000 for
each calendar year as set forth in his performance objectives. For example: If
Yan Skwara PERSONALLY raises $750,000 during any 12 month performance period of
this employment contract, he shall be entitled to receive 37,500 shares of
restricted stock in San Diego Soccer Development Corporation or the company's
then successor name.

4.       SUCCESS FEES: As an officer of the company, Yan Skwara will receive an
option to purchase 300,000 common shares of the Company's restricted stock at
$.75 per share for recognition of Yan's role in the successful completion of the
"roll-up merger" for the acquisition of the OC Waves, Bay Area Seals, and
Riverside Elite, including completion of the merger with Roller Coaster through
an SB-2 filing, and raising a minimum of $5-million into the merged entity
through a PPM. The option will have a cashless feature and said option will
expire on the sooner of the expiration of this employment contract or its
termination for cause.

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5.       CELLULAR PHONE: Yan will receive a cellular phone paid for by Employer
for his use during the term of this Agreement that is to be used exclusively to
support his performance objectives per this Agreement.

6.       MEDICAL COVERAGE: A medical plan is being reviewed at this time in
order to provide a menu of benefits. As soon as the Employer generates
sufficient capital, the Board will approve providing the Employee medical plan
benefits.

7.       DENTAL COVERAGE: A dental plan is being reviewed at this time in order
to provide a menu of benefits. As soon as the Employer generates sufficient
capital, the Board will approve providing the Employee dental plan benefits.

8.       EXPENSE CREDIT CARD: As soon as the Employer generates sufficient
capital, the Board will approve providing the Employee with an expense credit
card for $1,000 to cover all out of pocket expenses related to the performance
of his duties under this agreement, including all travel related expenses
incurred in the discharging of his duties.

9.       OFFICER AND DIRECTOR LIABILITY COVERAGE: As soon as the Employer
generates sufficient capital, the Board will approve acquiring insurance that
will name the Employee as additional insured under the employer's coverage.

10.      VACATION: Employee shall be entitled to receive 10 business vacation
days paid by Employer, during the year in which none of the soccer franchises
are actively playing.

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE

                                       12<PAGE>

                                  EXHIBIT 10.5

               SARKIS KALOUSTIAN'S EMPLOYMENT AGREEMENT WITH SDSDC

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                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT, made and entered this 1st day of June, 2000,
in San Diego County, San Diego, California, by and between SAN DIEGO SOCCER
DEVELOPMENT CORPORATION, a California corporation, hereinafter referred to as
"Employer" or "Parent Company," and SARKIS KALOUSTIAN, hereinafter referred to
as "Employee."

                            RECITALS AND DEFINITIONS

         A. WHEREAS, Employer is a publicly traded entity on the
over-the-counter pink sheets and is primarily in the business of developing and
promoting soccer-related businesses in the United States;

         B. WHEREAS, Employer currently owns, in its entirety, a second division
professional soccer franchise in the United Soccer Leagues, Inc. (hereinafter
referred to as the "USL") called the San Diego Flash;

         C. WHEREAS, Employee, in his capacity as founder, has been acting as
Vice President and General Manager of San Diego Soccer Development Corporation
since October of 1998;

         D. WHEREAS, Employer, in its overall mission to expand its
soccer-related holdings and business development is contemplating the
acquisition of two additional second division professional franchises, also part
of the USL and acquiring the entirety of the Riverside County Elite (hereinafter
referred to as the "Acquisition and Merger");

         E. WHEREAS, after the merger of the above-referenced professional
soccer franchises by San Diego Soccer Development Corporation, each franchise
will be owned and operated as a

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EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

separate California corporation. Each franchise corporation will be a wholly
owned subsidiary of San Diego Soccer Development Corporation, which will
change its name to reflect its national presence and its status as the parent
holding corporation "Parent Company" for the four franchise corporations. The
name "Soccer Development Corporation of America" shall be the name of the new
holding corporation that will own and operate the San Diego Flash franchise;

         F. WHEREAS, based on the changes to the corporate structure of the
Parent Company, a restructuring of the management of the Parent Company has been
agreed to per Unanimous Written Consent of the Directors on this same date of
June 1, 2000. The Parent Company/Employer now desires to formalize the
employment of Sarkis Kaloustian by entering this employment agreement
("Agreement") that reflect the changes in the management structure as
implemented by the Board of Directors.

         G. WHEREAS, Employee agrees to be employed by Employer throughout the
term of this agreement and further desires to formalize the management structure
as implemented by the Board of Directors.

                                    AGREEMENT

         NOW, THEREFORE, by and in consideration of the mutual covenants and
promises and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, Employer and Employee agree as follows:

                                       3

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

EMPLOYMENT TITLE. Employer employs Employee on the terms and conditions stated
         in this Agreement to perform the functions as Chief Operating Officer
         (C.O.O.) from June 1, 2000 through the earlier date of November 30,
         2000 or the effective date of the Acquisition and Merger. At which
         time, the Board of Directors shall determine who shall be the Chief
         Operating Officer of the Parent Company.

CHIEF OPERATING OFFICER OF PARENT COMPANY. On the earlier to occur of
         November 30, 2000 or the effective date of the Acquisition and Merger,
         the Board of Directors of the Parent Company shall resolve as to
         whether to hire a new C.O.O. for the Parent Company. If the Board
         resolves that Sarkis Kaloustian is not qualified to hold the said
         position of C.O.O. of the Parent Company and the Board further resolves
         to hire a new C.O.O. in place and stead of Sarkis Kaloustian, Sarkis
         Kaloustian shall automatically assume the position of Vice-President
         and Director of Soccer Operations of the San Diego Flash subsidiary
         franchise for the remainder of the term of this Agreement. The naming
         of a new C.O.O. for the Parent Company by the Board of Directors shall
         not in any manner affect Sarkis Kaloustian's rights under this
         Agreement.

TERM OF EMPLOYMENT. The term of Employee's employment shall be three (3)
         calendar years commencing on the first day of June, 2000 and continuing
         until May 31, 2003. Employer and Employee will have the option to renew
         this contract for additional three (3) year term as more specifically
         set forth in paragraph 4 below.

OPTION TO RENEW CONTRACT. Employer and Employee may exercise the option to
         extend the terms of this agreement for three (3) additional years, by
         executing a mutually agreed upon letter of intent to extend employment,
         prior to April 30, 2003. Upon the execution of said letter of intent,
         Employee and Employer shall discuss, at that time, renewed terms for
         compensation for Employee's services. Employee shall grant Employer
         thirty-days (30) of exclusivity after the letter of intent is signed,
         in order to present and discuss new terms for a renewed contract term.

DUTIES AND RESPONSIBILITIES:

         Employee's responsibilities, duties and obligations under this
                  Agreement, shall be governed by the discretion of the Board of
                  Directors of the Parent Company. Employee shall perform his
                  responsibilities, duties and obligations and report directly
                  to the Board of Directors of the Parent Company.

         Employee shall fully engage all of his efforts in complying with his
                  employment scope and the tasks and performance objectives that
                  are more fully set forth in the attached Addendum "A"
                  Employment Scope Description, which is incorporated herein and
                  made a part hereof by this reference.

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EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

EMPLOYEE'S BEST EFFORT: During his employment, Employee shall devote his full
         energies, interest, abilities, and productive time to the performance
         of this Agreement and shall not, without Employer's prior written
         consent, render to others services of any kind for compensation, or
         engage in any other business activity that would materially interfere
         with the performance of his duties under this Agreement. Subject to the
         sole discretion of the Employer, Employee shall diligently and
         faithfully use Employee's best efforts and skills to promote the
         Employer's best interests. As a member of management for Employer,
         Employee's exact working hours and the total number of hours Employee
         works each week may surpass normal business hours depending upon the
         demands of Employer and Employer's operations. Employee shall be
         expected to devote whatever time is necessary to ensure the timely
         completion of Employee's responsibilities and duties. Employee does
         disclose that he is a licensed attorney and has been practicing law the
         past six years in California, and based on the existing practice,
         Employee has commenced the winding down of his law practice. However,
         due to legal obligations imposed by the Courts, Employee will be
         required to complete client matters related to trial within the next
         three months. Employer understands and accepts that Employee is not
         taking on new clients and that he is winding down his law practice
         during the next 90 days and that said winding down will not take any
         substantial time from his duties under this contract. Further, as part
         of his prior obligations, Employee has reserved a one-week stay in New
         York during the week between July 3, 2000 through July 7, 2000 for a
         symposium that has been fully pre-paid. That Employee will use one week
         of his two-week vacation time for the absence.

PROMOTION OF COMPETING ORGANIZATION: Notwithstanding the disclosures in
         paragraph 6 above, during the employment term, Employee shall not,
         directly or indirectly, whether as a partner, Employee, creditor,
         shareholder, or otherwise, promote, participate, or engage in any
         activity or other business competitive with Employer's business. During
         the course of his employment, Employee shall not compete, directly or
         indirectly with this Employer in the field of organizing, promoting,
         directing and supervising the promotion of any other professional
         soccer organization.

COMPENSATION: Employer shall pay to Employee the compensation package more
         specifically set forth in Addendum "B" to this Agreement. The terms and
         conditions set forth in Addendum "B" are incorporated herein as if set
         forth in full.

CONFIDENTIAL INFORMATION AND TRADE SECRETS:

         During the course of his employment, Employee shall have access to
                  trade secrets and other confidential information that is of a
                  special and unique nature, the value of which would be
                  destroyed by disclosure to any person or entity not directly
                  affiliated with the team owned and operated by the Employer.
                  Such trade secrets and confidential information include, but
                  are not limited to, customer lists, customer agreements, price
                  lists, marketing plans, research reports and studies, sales
                  materials, merchandising aids, books, and the identity and
                  purchasing preferences of Employer's clients, business
                  partners, customers and suppliers. Accordingly, Employee
                  agrees that without the prior express written consent of

                                       5

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

                  the Board of Directors of Employer, Employee shall not, either
                  during the term of this Agreement or at any time thereafter,
                  disclose any such trade secrets or confidential information,
                  directly or indirectly, to anyone not affiliated directly with
                  the management of the Employer's business operations. Employee
                  further agrees that he shall never use any trade secrets or
                  confidential information for the benefit of anyone other than
                  the Employer, without the prior written consent of the Board
                  of Directors of Employer.

         All books, files, customer lists, records, documents, brochures, office
                  equipment, keys and any other items relating to the Employer's
                  business which have been or shall be prepared, possessed or
                  controlled by Employee are, and shall forever remain, the sole
                  and exclusive property of the Employer. Accordingly, Employee
                  shall surrender any and all such material to the Employer
                  immediately upon the request by the Employer of upon the
                  termination of this Agreement, whichever occurs earlier.

TERMINATION: This Agreement shall automatically terminate for "cause" on the
         occurrence of any of the following events:

         Failure  to materially perform and discharge his responsibilities,
                  duties and obligations under this Employment Agreement or the
                  material breach of any term under the Employment Agreement:

         Any misconduct by Employee that is deemed materially injurious to the
                  Corporation;

         Employee's conviction of any felony involving moral turpitude or
                  personal dishonesty.

                                       6

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

SEVERANCE PAYMENTS UPON TERMINATION WITHOUT CAUSE: In the event this Agreement
         is terminated by Employer under Paragraphs 5(a), 5(b) and 5(c) of this
         Agreement, and only under those paragraphs, Employer shall not be
         obligated to pay any severance pay to Employee. Further, in the event
         that termination occurs under the terms of Paragraphs 5(a), 5(b) and
         5(c), all benefits then received by Employee, shall also cease upon
         Employee's receipt of any Notice of Termination. Termination by
         Employer for any other reason shall require Employer to continue to pay
         Employee the compensation and benefits set forth in Addendum "B" for
         the duration and completion of the term of this Agreement, which does
         not include the option year unless termination occurs during the option
         term of this Agreement.

ARBITRATION: Any controversy or claim arising out of or relating to this
         Agreement, or breach of this Agreement, shall be settled by arbitration
         in accordance with the Commercial Arbitration Rules of the American
         Arbitration Association, and judgment on the award rendered by the
         arbitrators may be entered in any court having jurisdiction. There
         shall be three arbitrators, one to be chosen directly by each party at
         will, and the third arbitrator to be selected by the two arbitrators so
         chosen. Each party shall pay the fees of the arbitrator he selects and
         of his own attorneys, and the expenses of his witnesses and all other
         expenses connected with presenting his case. Other costs of the
         arbitration, including the cost of any record or transcripts of the
         arbitration, administrative fees, the fee of the third arbitrator, and
         all other fees and costs, shall be borne equally by the parties.

NOTICE.  Any notice provided for in this Agreement shall be in writing and shall
         be deemed to have been properly served or given, if sent by certified
         mail, postage paid, to the following addresses or any succeeding
         addresses thereto:

EMPLOYER:                                                EMPLOYEE:

BOARD OF DIRECTORS                                       SARKIS KALOUSTIAN
San Diego Soccer Development Corp.                       17161 Alva Road, #1414
5222 Balboa Avenue, Suite 24                             San Diego, CA  92127
San Diego, CA  92117

                                       7

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

ASSIGNMENT: By signing this Agreement, Employee acknowledges the services
         rendered by Employee are unique and personal. Accordingly, Employee may
         not assign any rights or delegate any duties or obligations under this
         Agreement. However, the rights and obligations of the Employer under
         this Agreement shall inure to the benefit of and shall be binding upon
         any successors and assigns of the Employer.

SEVERABILITY: If any provision of this Agreement is held invalid or
         unenforceable, the remainder of this Agreement shall nevertheless
         remain in full force and effect. If any provision is held invalid or
         unenforceable with respect to particular circumstances, it shall
         nevertheless remain in full force and effect in all other
         circumstances.

GOVERNINGLAW: This Agreement has been entered in San Diego, the State of
         California. The substantive and procedural laws of the State of
         California shall govern the interpretation and enforcement of this
         Agreement.

ENTIRE AGREEMENT: This Agreement shall constitute the entire agreement between
         the parties and any prior understanding or representation of any kind
         preceding the date of this Agreement shall not be binding upon either
         party except to the extent incorporated by this Agreement.

MODIFICATION OF AGREEMENT: A modification of this Agreement or additional
         obligations assumed by either party in connection with this Agreement
         shall be binding only if evidenced in writing signed by each party or
         authorized representative of each party herein.

WAIVER:  The failure of the Employer to exercise any right or remedy upon any
         breach or default set forth in this Agreement, or delay by the Employer
         in exercising any such right or remedy, shall not operate as a waiver.
         No waiver of any type shall be binding upon the Employer unless
         evidenced by a writing signed by the entire Board of Directors of
         Employer.

ATTORNEYS' FEES AND COSTS: In the event that any proceeding is commenced
         involving the interpretation or enforcement of the provisions of this
         Agreement, the party prevailing in such proceeding shall be entitled to
         recover reasonable attorneys' fees and costs.

TITLES: The titles of the various sections herein are intended solely for
         convenience of reference, and are not intended and shall not be deemed
         for any purpose whatsoever to modify, explain, summarize or place any
         construction upon any of the provisions of this Agreement, and shall
         not affect the meaning or interpretation of this Agreement.

AGREED AND EXECUTED AS OF THE DAY AND YEAR FIRST WRITTEN ABOVE:

         EMPLOYER:

         San Diego Soccer Development Corporation

                                       8

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

By: /s/ Steven Peacock
   -------------------------------

Title: Chairman
     -----------------------------

     EMPLOYEE:

/s/ Sarkis Kaloustian
----------------------------------
SARKIS KALOUSTIAN

                                       9

EMPLOYMENT AGREEMENT                         _______________     _______________
                                                 EMPLOYER            EMPLOYEE
<PAGE>

                                  ADDENDUM "A"

                          EMPLOYMENT SCOPE DESCRIPTION

         The following is the employment scope description for Sarkis Kaloustian
pursuant to the herein Employment Agreement dated June 1,2000. Sarkis Kaloustian
shall be responsible for the performance and discharge the following duties,
obligations, responsibilities and performance objectives during the term of his
agreement:

1.   PRIOR TO NOVEMBER 30, 2000 OR ACQUISITION AND MERGER: Sarkis Kaloustian
     shall be responsible for the management of all business operations of San
     Diego Soccer Development Corporation from June 1, 2000 through November 30,
     2000. Kaloustian shall maintain his role as Director of Soccer Operations
     between June 1, 2000 through November 30,2000 over the San Diego Flash
     Franchise and non-paid consultant to the Riverside County Elite Franchise,
     wherein Kaloustian shall be responsible for all coaching and player matters
     for the Flash and the Elite.

2.   AFTER NOVEMBER 30, 2000 OR ACQUISITION AND MERGER: If after November 30,
     2000, the Parent Company does not retain Kaloustian as C.O.O., Kaloustian
     shall be automatically appointed Vice President and Director of Soccer
     Operations for the San Diego Flash franchise, wherein Kaloustian shall
     retain discretion player personnel matters. Said duties shall include the
     overseeing, selection and management of the entire coaching staff and the
     signing and formation of the Flash player rosters.

                                      10
<PAGE>

                                  ADDENDUM "B"

                              COMPENSATION PACKAGE

1.       BASE SALARY: The following base salary shall be paid in accordance with
         company payroll procedures and with applicable tax withholding
         requirements:

         A.       JUNE 1, 2000 THROUGH MAY 31, 2001: Sarkis Kaloustian shall be
                  paid $6,000 (Six Thousand U. S. Dollars) per month payable the
                  tenth day of each calendar month, starting June 1, 2000 and
                  continuing through May 31, 2001.

         B.       JUNE 1, 2001 THROUGH MAY 31, 2002: Sarkis Kaloustian shall be
                  paid $6,600 (Six Thousand Six Hundred U. S. Dollars) per month
                  payable the tenth day of each calendar month, starting June 1,
                  2001 and continuing through May 31, 2002.

         C.       JUNE 1, 2002 THROUGH MAY 31, 2003: Sarkis Kaloustian shall be
                  paid $7,200 (Seven Thousand Two Hundred U. S. Dollars) per
                  month payable the tenth day of each calendar month, starting
                  June 1, 2002 and continuing through May 31, 2003.

2.       STOCK OPTION BONUS FOR 1999: Upon the signing of this Agreement, Sarkis
         Kaloustian will receive an option to purchase 150,000 shares of
         restricted stock at $.25 per share in San Diego Soccer Development
         Corporation or the company's then successor name.

3.       SUCCESS FEES: As an officer of the company, Sarkis Kaloustian will
         receive an option to purchase 300,000 common stock at $.75 per share in
         San Diego Soccer Development Corporation or the company's then
         successor name for recognition of Sam's role in the successful
         completion of the "roll-up merger" for the acquisition of the OC Waves,
         Bay Area Seals, and Riverside Elite, including completion of the merger
         with Roller Coaster through an SB-2 filing, and raising a minimum of
         $5-million into the merged entity through a PPM. This option will have
         a cashless feature and said option will expire on the sooner of the
         expiration of this employment contract or its termination for cause.

4.       CELLULAR PHONE: Sam will receive a cellular phone paid for by Employer
         for his use during the term of this Agreement that is to be used
         exclusively to support his performance objectives outlined under this
         agreement.

5.       MEDICAL COVERAGE: A medical plan is being reviewed at this time in
         order to provide a menu of benefits. As soon as the Employer generates
         sufficient capital, the Board will approve providing the Employee
         medical plan benefits.

6.       DENTAL COVERAGE: A dental plan is being reviewed at this time in order
         to provide a menu of benefits. As soon as the Employer generates
         sufficient capital, the Board will approve providing the Employee
         dental plan benefits.

7.       EXPENSE CREDIT CARD: As soon as the Employer generates sufficient
         capital, the Board will approve providing Employee with an expense
         credit card for $1,000 to cover all out of pocket expenses related to
         the performance of his duties under this agreement, including all
         travel related expenses incurred in the discharging of his duties.

                                      11
<PAGE>

8.       OFFICER AND DIRECTOR LIABILITY COVERAGE: As soon as the Employer
         generates sufficient capital, the Board will approve acquiring
         insurance that will name the Employee as additional insured under the
         employer's coverage.

9.       VACATION: Employee shall be entitled to receive 10 business vacation
         days paid by Employer, during the year in which none of the soccer
         franchises are actively playing.

                                      12

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