Document:

EMPLOYMENT
        AGREEMENT

      

      THIS
        EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of
        the
        9th
        day of
        May 2006, by and between The WAAT Corp., a stock corporation with offices
        at 14242 Ventura Blvd, 3rd
        Floor,
        Sherman Oaks, CA 91423 USA (“WAAT”), Charismatix,
        a German limited liability company with offices
        at
        Lohbachstraße
        12, 58239 Schwerte
        (the “Company”), and Mr. Eugen Barteska, residing at Senningsweg 8a,
        58239
Schwerte,
        (the “Executive”; WAAT, the Company and Executive collectively the “Parties”
and
        each
        a “Party”).

       

      WHEREAS,
        the
        Company has offered and desires to employ Executive upon the terms
        and
        conditions set forth herein; and

      

      WHEREAS,
        Executive desires to accept such employment by the Company upon the terms
        and
        conditions set forth herein.

      

      NOW, THEREFORE,
        in
        consideration of the premises and the mutual covenants and
        obligations
        undertaken herein, the Parties hereto agree as follows:

      

      1. Employment

      

      The
        Company hereby employs Executive and Executive
        hereby accepts such employment,
        subject to the terms and conditions herein set forth. Executive
        shall hold the office
        of
        Vice President of the Company reporting to the Chief Executive Officer
        of the Company.

      

      2. Term
        and Termination

      

         
        (a)
        This
        Agreement shall commence on May 9, 2006 (the “Employment Date”)
        and
        is
        entered into for an initial period of four (4) years.

      

      (b)
        The
        Executive is entitled to terminate this Agreement after the expiry of
        the
        first year under this Agreement by giving three months notice per the end
        of a
        calendar month.

      

      (c)
        Unless
        one Party terminates the Agreement three months prior to the expiration of
        the
        initial period or the subsequent periods as
        per
        this
        subsection, the term of this
        Agreement shall be automatically extended for further one-year periods, subject
        however to
        subsection (b) above.

      

      (d)
        Either
        Party may terminate the employment for Cause (aus
        wichtigem Grund)
        without
        a
        notice period. Notwithstanding German law, for the purposes hereof, the
term
        “Cause” shall in particular, but not limited thereto, mean: (i)
        Executive's repeated failure
        or refusal to perform his duties or Executive's material breach of. this
        Agreement where
        such conduct or breach shall not have ceased within fifteen (15) days following
        written warning
        from the Company; (ii) Executive's performance of any act or his failure
        to act,
for
        which
        if
        Executive were prosecuted and convicted, would constitute a
        crime
        or offense involving
        money or other property of the Company or its subsidiaries or other affiliates,
        or
        a
felony
        in
        the jurisdiction involved; (iii) any attempt by Executive to secure any personal
        profit
        in
        connection with the business of the Company or any of its subsidiaries
or
        other
        affiliates, except where Executive can demonstrate that there is no
        misappropriation of
        any
corporate
        opportunity; (iv) Executive's engagement in a fraudulent act which could
        cause
damage
        or
        prejudice to the Company or its subsidiaries or other affiliates or in conduct
        or
        activities
        which could be materially damaging to the property, business
        or reputation of Company
        or its subsidiaries or other affiliates, all as reasonably determined by
        the
        Board of
        Directors;
        (v) any act or omission by Executive involving willful
        misconduct
        or gross negligence
        in the performance of Executive's duties to the material detriment of the
        Company or
        its
        subsidiaries or other affiliates; (vi) the entry of an order of a court that
        remains in effect and is not discharged for a period of at least sixty (60)
        days, which enjoins or otherwise limits or
        restricts the performance by Executive under this Agreement, relating to
        any
        contract, agreement
        or
        commitment
        made by or applicable to Executive in favor of any former
        employer
        or any other person; (vii) the engaging by Executive in any business other
        than
        the business
        of the Company and its subsidiaries or other affiliates which interferes
        with
the. performance
        of his material duties hereunder; (viii) any breach by Executive of
        his
        non-compete,
        non-disclosure and/or non-solicitation obligations pursuant to this Agreement;
        or (ix)
        any
        false representation made by Executive in connection
        with the employment contemplated
        hereunder. Upon termination of Executive's employment for cause, Executive
        shall
        not
        be entitled to any amounts or benefits hereunder other than such
        portion of Executive's
        annual salary pursuant to Section 3(a) hereof, and reimbursement of expenses
        pursuant
        to Section 4 hereof as has been accrued through the effective date of his
        termination of
        employment.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

       

      
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                Employment
                  Agreement Eugen
                  Barteska

              
	The
                WAAT Corp. 	 	 	 	
                Execution
                  Copy -
                  May
                  9, 2006

              

      

       

      (e) Notice
        of
        termination must be given in writing.

       

      3.
 Compensation

      

      (a)
        Salary As
        compensation for the employment services to be rendered by
        Executive hereunder, including all services as
        an
        officer of the Company and any of its subsidiaries
        or other affiliates, the Company agrees to pay, or cause to be paid, to
        Executive, and
        Executive agrees to accept, an annual gross salary of EUR 125,000 (the “Base
        Salary”), payable
        in arrears in twelve (12) monthly instalments at the end of each calendar
        month.
Executive's
        compensation hereunder shall be increased annually at a rate of three (3)
        per
        cent. For
        the
        period from February 1, 2006 until the date of this Agreement, the Executive
        shall
        receive
        an amount of EUR 33,940, less the amount of any withdrawal during such
        period.

      

      (b)
        Bonus At
        the
        sole discretion.
        of the
        Company, Executive shall further be
        entitled to receive an annual bonus of up to 25% of his Base Salary (the
        “Bonus”). The
        actual
        amount
        of
        the Bonus, if any, shall be determined by the board of directors of
        WAAT.

      

      (c)
        Stock
        Options On
        the
        Effective Date, Executive will receive two hundred
        thirty seven thousand nine hundred and fourty-six (237,946), options (the
        “Options”) in
        accordance with The WAAT Corporation 2006. Stock
        Incentive Plan (the “Plan”). The Options
        can be exercised for shares of voting common stock in
        WAAT
        at
        an exercise price equal
        to
        US$0.35 per share. These Options vest on a linear basis during a four year
        period starting
        from the Employment Date as
        follows:
        (i) upon completion of the first year of employment,
        59,486 shares shall
        vest;
        (ii) thereafter, 14,871 shares shall vest at the completion
        of each quarter with an additional 8 shares vesting at the completion
of
        the
        last quarter
        of the fourth year of employment. All Options will vest upon the occurrence
        of
        a
Change
        of
        Control in WAAT as defined in Section 10.2 of the Plan, in case of an Initial
        Public
        Offering of WAAT and upon termination of this Agreement by the Company other
        than for Cause. “Initial Public Offering”
        shall
        mean the closing of a firm commitment underwritten
        public offering of WAAT's Common Stock resulting in gross proceeds (before
        underwriting
        discounts and commissions, if any) to WAAT of at least US$15.0
        million.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
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                Employment
                  Agreement Eugen
                  Barteska

              
	The
                WAAT Corp. 	 	 	 	
                Execution
                  Copy -
                  May
                  9, 2006

              

      

       

      (d) Benefit
        Plans Executive
        shall be entitled to participate in all benefit plans
        for
        which Executive qualifies that are generally available to other employees
        of
        WAAT under
        WAAT’s
        general employee policies. WAAT reserves the right to amend the general
employee
        policies from time to time.

      

      (e)
        No
        extra overtime work compensation By
        payment of the above-mentioned total remuneration all activities which
        Executive must perform under this Agreement
        shall be deemed compensated. In particular, Executive shall not be entitled
        to
        any additional
        compensation for overtime work.

      

      4. Expenses

      

       
         The Company shall pay or
        reimburse
        Executive, upon presentment of suitable receipts and
        within the applicable German tax regulations, for all reasonable business
        and
        travel expenses
        which are incurred or paid by Executive in connection with
        his
        employment,hereunder,
        provided that such expenses are approved in advance by the Company, Executive
        shall keep
        such
        records as the Company may deem necessary to meet the requirements of the
        German
        tax law.

      

      5. Vacation,
        Direct Insurance and Other Benefits

      

      (a)
        Executive
        shall be entitled to thirty (30) days of paid vacation per year. Saturdays
        are not considered working days. The
        time
        of vacation shall duly be agreed between
        the Company and the Executive, taking into consideration
        both the business requirements
        of the Company and the personal wishes of the Executive. The
        total
        vacation has
        to be
        taken in the given calendar year. In case the vacation cannot be taken due
        to
        special personal
        or business-related reasons, the vacation may be carried over until 31
March
        of
        the following
        calendar year. If the vacation is not taken by that date the vacation
entitlement
        lapses.

      

      (b)
        The
        Company shall provide Executive social benefits, including payment
        of medical health insurance contributions, in
        accordance with German social security law.

      

      6. Duties
        and Services

      

      (a)
        Executive
        shall perform such reasonable duties and functions as the Chief
        Executive Officer shall from time to time determine and Executive shall comply
        in the performance
        of his duties with the policies of, and be subject to the direction of, the
        Chief
        Executive
        Officer of the Company.

      

      (b)
        Executive
        shall be obliged to procure business for the Company in Germany,
        cooperate in the conclusion and completion of contracts and use
        his
        best
        efforts to support
        the Company in all its business activities. 

      

      (c)
        During
        the term of this Agreement, Executive shall devote all of his working time
        and
        attention, the specified vacation time and absences for sickness excepted,
        to
        the
        business of the Company, as necessary to properly fulfill his duties.
Executive
        shall perform
        the duties assigned to him with fidelity and to the best of his ability.
        All other activities
        for remuneration as well as
        activities,
        which normally entitle him to remuneration, including
        any part-time work or self-employed work, are prohibited unless the Company
        has
explicitly
        given its prior written consent. The Company will grant such consent if business
        requirements are not affected by the activities. Notwithstanding anything
        herein to the contrary,
        Executive may engage in other non-employment activities so long as such
        activities do
        not
        unreasonably interfere with Executive's performance of his duties hereunder
        and
do
        not
        violate Section 9 hereof.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          	BIRD & BIRD	 	
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                  Employment
                    Agreement Eugen
                    Barteska

                
	The
                  WAAT Corp. 	 	 	 	
                  Execution
                    Copy -
                    May
                    9, 2006

                

        

         

      

      (d)
        Nothing
        in this Agreement shall be construed to prevent Executive from
        investing or trading in non-conflicting investments as he sees fit for his
        own
account,
        including
        real estate, stocks, bonds, securities, commodities or other forms of
        investments.

      

      (e)
        The
        principal location at which Executive shall perform his duties hereunder
        shall be the location of the Company, or at such other location as may be
        mutually agreed
        upon between the Parties.

      

      7. Inability
        to Perform Duties

      

      (a) Executive
        is obliged to inform the Company without delay of any inability to perform
        his
        duties and the expected duration. Upon request, he shall inform
        the Company
        of the reasons for such absence.

      

      (b)
        In
        case
        of sickness lasting longer than three (3) calendar days, Executive is obliged
        to
        submit a medical certificate on
        his
        incapacity to work and its prospective
        duration not later than on the following working day. The
        Company is entitled to demand
        an
        earlier submission of
        the
        medical certificate. If his absence continues longer than indicated
        in the medical certificate, Executive is obliged to submit a new
        medical certificate
        within three (3) days after the end of the period certified. Also
        in
this
        case, Executive is obliged
        to inform the Company immediately of the continuation of the indicted absence.
        The
        notification may be given by telephone call.

      

      (c)
         In
        the
        event of sickness or accident, the Company shall continue to pay the
        monthly base salary pursuant to Section 3(a) for a period of six
        weeks.

      

      (d)
        If
        Executive has compensation claims against third parties due to the loss of
        his
        earnings, caused by the inability to work, he shall assign such claims to
        the
Company
        in the amount of the continued payment of salary. This shall
        not
        include any payments
        pursuant to insurance agreements concluded by the Executive.

      

      8. Representations
        and Agreements of Executive

      

      (a)
        Executive represents and warrants that he is free to enter into. this
        Agreement
        and to perform the duties required hereunder, and that there are no
        employmentcontracts
        or understandings, restrictive covenants or other restrictions, whether
        written or oral,
        relating to or preventing the performance of his duties hereunder.

      

      (b)
        Executive
        agrees to cooperate and supply such
        information and documents
        as may be reasonably required by any insurance company in connection with
        any
type
        of
        insurance or fringe benefit as
        the
        Company shall determine from time to time to obtain.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
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                Employment
                  Agreement Eugen
                  Barteska

              
	The
                WAAT Corp. 	 	 	 	
                Execution
                  Copy -
                  May
                  9, 2006

              

      

       

      9. Non
        -
        Competition

      

      (a)
        In
        view
        of the unique and valuable services expected to be rendered by Executive
        to the Company, Executive's knowledge of the Company's trade secrets and
        other
        proprietary
        information made available to Executive relating to the business and in
consideration
        of the compensation to be received hereunder, Executive agrees that during
        his
employment
        (the “Contractual Non-Competition Period”) by the Company, and following the
        termination of Executive's employment hereunder for a further period of twelve
        (12) months
        (the
        “Post-Contractual Non-Competition Period”, together with the Contractual
        Non-Competition
        Period the “Non-Competition Period”). Executive
        shall not, directly or indirectly, whether
        as owner, partner, joint venturer, stockholder, employee, agent, principal,
        corporate
        officer,
        director, licensor, or in any capacity whatsoever engage in, become financially
        interested
        in, be employed by, or render any consultation or business advice with respect
        to
        any
        person, firm, corporation, business or
        other
        organization engaged in fields of development
        and marketing of software, media design, multimedia entertainment as
well
        as
services,
        and in the business of an advertising agency in Germany, where, at the time
        of
        the termination
        of his employment hereunder, the business of
        the
        Company or any of its subsidiaries
        or other affiliates is being conducted, or is proposed to be conducted as
        set
        forth
        in
        the
        Company's then current annual plan for operation within the Non-Competition
        Period, in
        any
        manner whatsoever, provided, however, that Executive may passively own any
        securities
        of any corporation which is engaged in such business and is publicly owned
        and
        traded
        on
        a recognized national securities exchange but in an amount not to exceed
        at any
        one time
        five
        percent (5%) of any
        class
        of
        stock or securities of such corporation.

      

      (b)
        In
        addition, Executive shall not, directly or indirectly, during the
        Non-Competition
        Period, request or cause any suppliers or customers with whom the Company
        or
any
        of
        its subsidiaries or other affiliates has a
        business relationship to cancel, terminate or diminish
        any such business relationship with the Company or any of its subsidiaries
        or
        other affiliates
        or solicit, interfere with or entice from the Company any employee of the
        Company or
        any of
        its subsidiaries or other affiliates.

      

      (c)
        The
        obligations pursuant to Section 9(a) and (b)
        shall
        apply for Germany.
        If the area in which the Company engaged in its business activities changes,
        or
        if the
        area
        in which Executive performed his work duties changes within the term
of
        this
Agreement,
        the obligations pursuant to Section 9(a) and (b) shall apply for the area
        in
        which the
        Company engaged in its business activities at the time of
        the
        termination of this Agreement
        and for the area in which Executive performed his work duties within the
        past
        two (2)
        years.

      

      (d)
        During
        the Post-Contractual Non-Competition Period the Company
        shall
        pay
        Executive compensation in the amount of US$ 83,237.35 (the “Compensation”).
The
        Compensation is
        to
        be. paid
        as a
        one-time lump-sum at the beginning of the Post-Contractual
        Non-Competition Period. Executive will be entitled to the Compensation even
        if
the
        Company waives its rights under this non-competition covenant with respect
        to
        the Post-Contractual
        Non-Competition Period. Any amounts, be it in
        cash
        or
        in kind (including any benefits
        received
        from unemployment insurance) Executive will receive, earn in the course of
        any
        other
        employment or engagement or would have earned had he not maliciously failed
        to
pursue
        other opportunities during the Post-Contractual Non-Competition Period shall
        be
        set-off
        from
        any further compensation which has to be paid pursuant to mandatory German
        law,
if
        any,
        to the extent legally permissible. Executive shall, upon request by the
        Company, provide
        information with respect to the amount of his earnings and details of the
        respective employer.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
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                Employment
                  Agreement Eugen
                  Barteska

              
	The
                WAAT Corp. 	 	 	 	
                Execution
                  Copy -
                  May
                  9, 2006

              

      

       

      (e)
        Executive
        undertakes to pay a contractual penalty in the amount of EUR
        10,000 for each case of breach of his obligation pursuant to Section 9(a)
        and
        (b). The
        aforementioned
        penalty shall be due for each additional month or portion thereof during
        which
        such violation persists. As long as Executive is in breach of his obligations
        pursuant to Section
        9(a) and (b),
        the
        Company shall not be obliged to pay to Executive the compensation set
        forth
        in Section 9(c).
        The
        Company reserves the right to claim further damages.

      

      (f) Sections
        74
        et
        seq.
        of
        the
        German
        Commercial
        Code
        (Handelsgesetzbuch)
        shall apply
        accordingly.

      

      (g)
        If
        any
        portion of the restrictions set forth in this Section 9 should, for any
        reason whatsoever, be declared invalid by a court of competent jurisdiction,
        the
        validity or
        enforceability of the remainder of such restrictions shall not thereby be
        adversely affected.

      

      10. Copyrights

      

      Executive
        hereby irrevocably assigns to the Company all exclusive rights
        to
        all
copyrightable
        work products originating from or in connection with Executive's performance
        of
        duties
        and tasks within and during his employment relationship with the Company.
        The
        Company. may
        assign such rights and may publish the work products. The
        assignment of rights and
        exploitation of work products by the Company shall be deemed compensated
        by
the
        remuneration paid to Executive. Executive
        hereby waives his right to be named as an author
        of
        the work products and his right to publish the work products.

       

      11. Inventions
        and Discoveries

      

      Irrespective
        of
        the
German
        Act
        on
        Employee's
        Inventions
        (Arbeitnehmererfindungsgesetz)
        which shall remain
        applicable,
        Executive (i) shall fully
        disclose
        to the Company, and with all necessary detail for a complete understanding
        of
        the same,
        all
        developments, know-how, discoveries, inventions, improvements, concepts,
        ideas,
        writings, formulae, processes and methods (whether copyrightable, patentable
        or
        otherwise) made,
        received, conceived, acquired or written during-working hours, or
        otherwise, by Executive
        during the period of his employment with, or rendering of advisory or consulting
        services
        to, the Company or any of its subsidiaries or other affiliates,
        solely
        or
        jointly with others
        in
        or relating to any activities of the Company or its subsidiaries or other
        affiliates known
        to
        him
        as a
        consequence of his employment or the rendering of advisory and
        consulting
        services hereunder (collectively, the “Subject Matter”), and (ii)
        shall assign
        and transfer,
        and agrees to assign and transfer, to the Company, at the Company's expense,
        all
        his rights,
        title and interest in and to the Subject Matter, and Executive further agrees
        to
deliver
        to
        the
        Company any and all drawings, notes, specifications and data relating to
        the
        Subject Matter,
        and to execute, acknowledge and deliver
        all such further papers, including applications
        for copyrights or patents, as may
        be
        necessary to obtain copyrights and patents for
        any
        thereof in any and all
        countries
        and to vest title thereto to the Company. Executive
        shall assist the Company in
        obtaining such
        copyrights or patents during the term of this Agreement,
        and
        any
        time
        thereafter on reasonable notice and at mutually convenient times, and
        Executive agrees to testify in any prosecution or litigation involving any
        of
        the Subject
        Matter;
        provided, however, that Executive shall be reasonably compensated for his
        time
        and reimbursed
        for any out-of-pocket expenses incurred in rendering such assistance or giving
        or
        preparing
        to give such testimony.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          	BIRD & BIRD	 	
                   7/10 

                	 	
                  Employment
                    Agreement Eugen
                    Barteska

                
	The
                  WAAT Corp. 	 	 	 	
                  Execution
                    Copy -
                    May
                    9, 2006

                

        

         

      

      12.
        Non
        -
        Disclosure of
        Confidential
        Information, Return
        of
        Working Material

      

      (a)
        Executive
        shall not, during the term of this Agreement, or at
        any
        time
following
        termination of this Agreement, directly or indirectly, disclose or permit
        to be
known
        (other than as is required in the
        regular course of his duties (including without limitation
        disclosures to the Company's advisors and consultants) or is required
by
        law
        (in which
        case Executive shall give the Company prior written notice of
        such
        required disclosure)
        or with the prior written consent of the Company), to
        any
        person, firm or corporation, any confidential information acquired by him
        during
        the course of,
        or as
        an incident
        to, his employment or the rendering of his advisory or consulting services
        hereunder, relating
        to the Company or any of its subsidiaries or
        other
        affiliates, any client of the Company
        or any of its subsidiaries or other affiliates,
        or
        any
        corporation, partnership or other entity
        owned or controlled, directly or indirectly, by any of the foregoing, or
        in
        which any of the foregoing has a beneficial interest, including, but not
        limited
        to, the business affairs of each of the foregoing. Such confidential information
        shall include,
        but shall not be limited to, proprietary
        technology, trade secrets, patented processes, research and development
        data, know-how,
        financial statements and data, market studies and forecasts, competitive
        analyses, pricing
        policies, employee lists, personnel policies,
        the substance of agreements with customers, suppliers and others, marketing
        or dealership
        arrangements, servicing and training programs
        and arrangements, customer lists and any other documents
        embodying such confidential
        information. This confidentiality obligation shall not apply to
        any
        confidential information
        which thereafter becomes publicly available other than pursuant to a
        breach
        of this
        Section 12(a) by Executive.

      

      (b)
        All
        information and documents
        relating to the Company and its subsidiaries
        or other affiliates as hereinabove described (or other business affairs)
        shall
be
        the
exclusive
        property of the Company, and Executive shall use best efforts to
        prevent any publication
        or disclosure thereof. Upon
        termination of Executive's employment with the Company,
        all documents, records, reports, writings and other similar documents
containing
        confidential
        information, including copies thereof, then in Executive's possession
or
        control shall
        be
        returned and left with the Company.

      

      13.
        Release
        from Obligation to Work

      

      (a)
        If
        one of the Parties has given notice of termination, the Company is entitled
        to release Executive from his obligation
        to
        work at
        any time until the
        end
        of the notice
        period. Any open vacation claims
        shall be
        deemed to be compensated by such period of
        release.

      

      (b)
        In
        case
        Executive receives remuneration due to another employment, service
        or consultancy contract during the period
        of
        release, its amount shall be deducted from
        the
        salary he receives from the Company, except for the part of the period
        of
        release during
        which Executive takes his remaining vacation.

      

      (c)
        Executive
        has to inform the Company, without being asked, about any remuneration he
        obtains apart from the salary he receives from the Company. This
        duty
        to inform
        also includes the amount of the remuneration. If the Company so requires,
        Executive has
        to
        prove this information by presenting auditable records.

      

      (d)
        At
        any
        time upon the request of the Company, and without solicitation after
        notice of termination of
        the
        employment relationship, irrespective of the
        Party
        giving notice,
        Executive shall return all working materials and other items belonging to
        the
Company,
        in particular business documents and copies thereof. Executive has no right
        of
retention
        and no damage compensation claims.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
         

        
          	BIRD & BIRD	 	
                   8/10 

                	 	
                  Employment
                    Agreement Eugen
                    Barteska

                
	The
                  WAAT Corp. 	 	 	 	
                  Execution
                    Copy -
                    May
                    9, 2006

                

        

         

      

      14.
        Amendment
        or Alteration

      

      No
        amendment or alteration of the terms of this Agreement shall be valid unless
        made in
        writing and signed by all of the Parties hereto.

      

      15.
        Governing
        Law

      

      This
        Agreement shall be governed by, and be construed in accordance with, the
        laws
of
        the
        Federal Republic of Germany.

      

      16. Severability

      

      In
        the
case that
        one
        or more provisions of this Agreement shall be invalid, unenforceable
        or impracticable, this shall not affect the validity and enforceability of
        the
other
        provisions of this Agreement. In such case the Parties agree to recognize
        and
        give effect to
        such
        valid, enforceable and practicable provision or provisions which reflect
        as
        closely as possible
        the commercial intention of the Parties associated with the invalid or
        unenforceable provision.
        The same shall apply in the event that the Agreement contains any
        omissions  (VertragslÜcken).

      

      17. Notices

      

      Any
        notices required or permitted to be given hereunder shall be sufficient if
        in
writing,
        and if delivered by hand or courier, or sent by certified mail, return receipt
        requested, to
        the
        addresses set forth above or such other address as either Party may from
        time to
        time designate
        in writing to the other, and shall be deemed given as of the date of the
        delivery or at the
        expiration of three days in the event of a mailing.

      

      18. Data
        Protection

      

      (a)
        Executive
        consents to the collection, processing and use of personal data,
        as
        far as this is necessary for the performance of this Agreement.The data may
        be
        used only
        for
        the purpose of performing this Agreement and may be communicated only within
        the
        Company or its subsidiaries
        or other affiliates. They can only be made accessible to those persons
        who
        are
        competent to work on confident personal matters and who are bound to
secrecy.

      

      (b) Within
        the scope of the above- mentioned limits, Executive consents to the
        transmission of these data within Germany as well as abroad.

      

      19.
        Waiver
        or Breach

      

      It
        is
        agreed that a waiver by either Party
        of
        a
        breach of any provision of this Agreement
        shall not operate, or be construed, as a waiver of any subsequent breach
        by that
same
        Party.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      
        	BIRD & BIRD	 	
                 9/10 

              	 	
                Employment
                  Agreement Eugen
                  Barteska

              
	The
                WAAT Corp. 	 	 	 	
                Execution
                  Copy -
                  May
                  9, 2006

              

      

       

       

      20.
        Entire
        Agreement and Binding Effect

       

      This
        Agreement contains the entire agreement of the Parties with respect to the
        subject
        matter hereof, supersedes all prior agreements, both written and oral, between
        the Parties
        with respect to the subject matter hereof and may be modified only by a written
        instrument
        signed by each of the Parties hereto. This Agreement shall be binding upon
        and
inure
        to
        the benefit of the Parties hereto and their respective legal representatives,
        heirs, distributors,
        successors and assigns, provided, however, that Executive shall not be entitled
        to assign
        or
        delegate any of his rights or obligations hereunder without the prior written
        consent of
        the
        Company.

      

      21. Survival

      

      Except
        as
        otherwise expressly provided herein, the termination of Executive's employment
        hereunder or the expiration of this Agreement shall not affect the
        enforceability of Sections 4, 9, 10, 11, 12 and 13 hereof.

      

      22.
        Further
        Assurances

      

      The
        Parties agree to execute and deliver all such further documents, agreements
        and
        instrunents and take such other and further action as may be necessary or
        appropriate to carry out the purposes and intent of this Agreement.

      

      23.
        Construction
        of Agreement

      

      No
        provision of this Agreement or any related
        document
shall
        be
        construed against or interpreted to the disadvantage of any Party hereto
        by any
court
        or
        other
        governmental or judicial authority by reason of such Party having or being
        deemed to have structured or drafted such provision.

      

      24.
        Headings

      

      The
        Section headings appearing in this Agreement are for the purposes of easy
        reference and shall not be considered a part of this Agreement or in any
        way
        modify, amend or affect its provisions.

      

      25.
        Counterparts
        and Facsimile Signatures

      

      This
        Agreement may be.
        signed
        in counterparts with the same effect as if the signatures to each counterpart
        were upon a single instrument, and all such counterparts together shall be
        deemed an original to this Agreement. For the purposes of this Agreement,
        a
        facsimile copy of a Party's signature shall be sufficient to bind such
        Party.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      IN
        WITNESS WHEREOF, the
        Parties hereto have executed this Agreement as of the
        date
        and year first above written.

       

      The
        WAAT Corp.

       

       

      By:   
        /s/ Ian Aaron

      
        
          

        

      

      Name:
        Ian
        Aaron

      Title:
        Chief Executive Officer

       

      Charismatix
        Ltd. & Co. KG

       

       

      
        By:  
          /s/ Ian Aaron

        
          
            

          

        

        Name:
          

        Title:
          

      

       

       

      The
        Executive:

       

       

      
        By: 
          /s/Eugen Barteska 

        
          
            

          

        

        Eugen
          Barteska 

      

    

     

    
      

        Signature
          Page to the Employment Agreement (Eugen Barteska)EXECUTION
      COPY

     

    EMPLOYMENT
      AGREEMENT

    

    This
      Employment Agreement (the "Agreement") is entered into by and between THE WAAT
      CORPORATION., a corporation organized under the laws of California with
      its
      principal offices located at 14242 Ventura Boulevard, Sherman Oaks, California
      91423
      (the "Company, which shall include any parent or holding company") and David
      Mandell
      ("Employee"), as of June 5, 2006 ("Effective Date").

     

    I. EMPLOYMENT.

    

    The
      Company hereby employs Employee and Employee hereby accepts such employment,
      upon the terms and conditions hereinafter set forth, from
      June
      5, 2006 ("Employment
      Date"), to and including June 30, 2009 (the "Term"). This
      Agreement is subject
      to renewal only as set forth in Section VI below. In the event the Agreement
      is
renewed
      pursuant to Section VI below, reference to the Term in this Agreement shall
      also
refer
      to
      such renewal term.

    

    II. DUTIES.

     

    A.
      Employee
      shall serve during the course of his employment as Executive Vice
      President, General Counsel and Corporate Secretary of the Company and shall
      have
such
      other duties and responsibilities as are consistent with those generally
      performed by
      the
      Executive Vice President, General Counsel and Corporate Secretary of
      a
      similarly situated
      company as the Chief Executive Officer of the Company shall determine from
      time
      to time, including the authority to hire and fire appropriate legal and
      administrative staff
      personnel. The Company shall provide Employee with all reasonable and necessary
      business
      equipment to allow Employee to perform such duties and responsibilities.
The
      Company
      retains absolute discretion to reorganize the Company from time to time and
      that
      nothing in this Agreement shall in any way affect or limit such discretion;
      provided that,
      such reorganization shall not serve to diminish
      or otherwise materially alter Employee's
      position as Executive Vice President, General
      Counsel and Corporate Secretary
      after any such reorganization.

    

    B.
      Employee
      agrees to devote substantially all of his time, energy and
      ability
      to
      the
      business of the Company. Nothing herein shall prevent Employee, upon approval
      of
      the Board of Directors of the Company, from serving as a director or trustee
      of
      other corporations
      or businesses which are not in direct competition with the business of
      the
      Company or in direct competition with any present
      or future affiliate
      of
      the
      Company; provided,
      however, that no approval of the Board of Directors of the Company shall be
      required
      for Employee to continue to serve as a director of any company of which he
      was
a
      director as of the Effective Date so long as
      such
      company is not in direct competition with
      the
      Company. Nothing herein shall prevent Employee from (i) investing
      in real estate
      for his own account, (ii) becoming a partner or a stockholder in any
      corporation, partnership
      or other venture not in direct competition with the business of the Company
      or
      in direct competition with any present affiliate of the Company, or (iii)
      becoming up to
      a 5%
      stockholder in any publicly held corporation whether or not in competition
      with
the
      business of the Company or in competition with any present or future affiliate
      of the Company.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    C.
      For
      the Term of this Agreement, Employee shall report to the Chief Executive Officer
      of the Company and serve as a member of the Company's core executive team,
      regardless of any reorganization of the Company.

    

    III.
      COMPENSATION.

    

    A.
      The
      Company will pay to Employee a base salary at the annual rate of $300,000
      from June 5, 2006 through June 4, 2007, $315,000 from June 5, 2007 through
      June
      4,
      2008 and $330,750 from June 5, 2008 through June 30, 2009. Such
      salary shall be
      earned
      monthly and shall be payable in periodic installments no less frequently than
      monthly
      in accordance with the Company's customary practices. Amounts
      payable shall be
      reduced by standard withholding and other authorized deductions. The Company
      may
in
      its
      discretion increase Employee's salary beyond these set amounts but
      it
      may not reduce it during the Term or any extension thereof.

    

    B.
      Annual
      Bonus. Employee
      shall be paid an annual bonus (the "Bonus") at the
      Company's sole discretion based upon Employee's performance and the performance
      of
      the
      Company with a target Bonus of thirty-five percent (35%) of the then-current
      base salary,
      such Bonus to be determined and paid on the Company's fiscal year basis to
      the
extent
      and in such manner as determined with such other comparable senior executives
      of
the
      Company.

    

    C.
      Welfare
      Benefit Plans. Employee
      and/or his family, as the case may be, shall be eligible for participation
      in
      and shall receive all benefits under welfare benefit
      plans,
      practices, policies and programs provided by the Company (including,
without
      limitation,
      medical, prescription, dental, vision, disability, salary continuance,
employee
      life,
      group life, accidental death, travel accident insurance plans and programs
      and
      401K Plan)
      to
      the extent applicable generally to other comparable senior executives of the
      Company.

    

    D.
      Expenses.
      Employee
      shall be entitled to receive prompt reimbursement for
      all
      reasonable employment expenses incurred by him in accordance with the policies,
      practices
      and procedures as in effect generally with respect to other comparable
senior
      executives of the Company.

     

    E.
      Fringe
      Benefits.
      Employee
      shall be entitled to fringe benefits
      in accordance
      with the plans, practices, programs and policies as in effect generally
with
      respect
      to other comparable senior executives of the Company.

    

    F.
      Vacation.
      Employee
      shall be entitled to four (4) weeks paid vacation each year
      which shall be taken in accordance with the policies and practices as
      in
      effect generally
      with respect to other comparable senior executives of the Company.

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    G.
      Stock
      Options. The
      Company shall
      grant
      to
      Employee on June 5, 2006 ("First Issue Date"), subject to Compensation Committee
      approval
      and the vesting provisions
      described in this Agreement, nonqualified stock options (the "Options")
under
      the
      Company's 2006 Stock Incentive Plan, as amended (the "Plan"), to acquire seventy
      five
      thousand (75,000) shares of the Company's Common Stock ("Common Shares") at
      the
      exercise price per Common Share under each such Option of Thirty Five
      Cents ($0.35).
      The Company shall grant to Employee on June 5, 2007 ("Second Issue Date")
an
      additional seventy five thousand (75,000) shares of the Company's Common Shares
      at the
      exercise price per Common Share under each such Option determined at the time
      of
grant
      and
      no greater than the Series B financing purchase price. Each
      Option shall represent
      the right to acquire one (1) Common Share. Subject to earlier termination of
      the
Options
      as described below, the Options shall vest in full and become immediately
exercisable
      as follows: (a) twenty five percent (25%) on the first anniversary of the First
      Issue
      Date and the remaining seventy five percent (75%) in equal quarterly
      installments over the three (3) year period following the first anniversary
      of
      the First Issue Date
      and
(b)
      twenty five percent (25%) on the first anniversary of the Second Issue Date
      and
the
      remaining
      seventy five percent (75%) in equal quarterly installments over the three
      (3)
year
      period following the first anniversary of the Second Issue Date. The
      Options shall expire
      on
      the first to occur of (i) the close of business on the last business day
of
      the
Company
      coinciding with or immediately preceding the day before the tenth anniversary
      of
      the
      Effective Date, (ii) the termination of the Options pursuant to the Plan, or
      (iii) the
      termination
      of the Options in connection with a termination of Employee's employment
with
      the
      Company as contemplated by the Option Agreement. The
      Options shall be evidenced
      by a written option agreement in the form attached hereto as
      Exhibit
      A
      (the "Option
      Agreement"). In
      addition to any provision contained in the Plan and/or the Option
      Agreement, all Options are subject to full accelerated vesting upon
      an
underwritten
      initial public offering of the securities of the Company and/or a Change
of
      Control
      of the Company. At
      the
      Company's sole discretion, to the extent other
      comparable
      executives of the Company are granted additional Options, Employee shall
      be
      granted additional Options.

    

    H.
      The
      Company reserves the right to modify, suspend or discontinue any and
      all
      of the plans, practices, policies and programs described in Sections III-C,
      III-D,
      and
      III-E
      above at any time without recourse by Employee so long as such action is taken
      generally
      with respect to other comparable senior executives, is not applied
      retroactively, and does not single out Employee. Notwithstanding such right,
      in
      the event the Company ceases to provide medical insurance, the Company
shall
      reimburse Employee for premiums
      paid for COBRA continuation of medical insurance during the Term and any
renewal.

    

    IV.
      TERMINATION.

     

    A.
      Death or Disability. Employee's
      employment
      shall
      terminate
      automatically
      upon Employee's death. If
      a
      Disability of Employee has occurred (pursuant to the definition of Disability
      set forth below), the Company
      may give to Employee
      written notice of its intention to terminate Employee's employment. In
      such
event,
      Employee's employment with the Company shall terminate effective on the
120th
      day
      after receipt of such notice by Employee, provided that, within the 120
      days
      after such
      receipt, Employee shall not have returned to full-time performance of
      his
      duties. For
      purposes of this Agreement, "Disability" shall mean either a physical
or
      mental
      impairment which substantially limits a major life activity of
      Employee and which renders Employee unable to perform the essential functions
      of
      his position, even with reasonable accommodation which does not impose an undue
      hardship on the Company for
      an
      aggregate of 120 days in any twelve-month period. The determination of
Disability
      under the preceding sentence, shall be based upon information supplied
by
      Employee
      and/or his medical personnel, as
      well
      as
      information from medical personnel (or
      others) selected by the Company. In
      the
      event Employee's health care provider and the Company do not agree as
      to
      whether Employee has a Disability, Employee and the Company shall appoint a
      third-party qualified physician who shall evaluate Employee
      and
      provide a determination of whether Employee has a
      Disability.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    EXECUTION
      COPY

    

    B.
      Cause. The
      Company may terminate Employee's employment
      for "Cause" in the event the Employee has engaged in or committed: willful
      misconduct;
      gross
      negligence; theft, or fraud; any
      willful act that is reasonably likely to and which does
      in
      fact have the effect of materially injuring the reputation, business or a
      business relationship
      of the Company; and material breach of any material term of this Agreement.
      In the event the Company determines that Cause for termination exists based
      upon
      willful misconduct or gross negligence, the Company shall give Employee fourteen
      (14)
      days
      prior written notice of such termination which notice shall include reasonable
      detail
      as
      to the ground for such termination. If such ground is curable, Employee shall
      be
given
      thirty (30) days from the date of such notice to cure such ground for
      termination for Cause.
      After the expiration of any such cure period, the
      Company shall make a good faith
      determination as to
      whether Employee has cured such ground for termination for Cause
      and
      shall give written notice thereof to the Employee which, in
      the
      case of a determination
      that Employee has failed to cure, shall include reasonable detail as
      to
      why
Employee's
      efforts to cure were not adequate. Notwithstanding
      anything to the contrary set
      forth
      in this Section IV-B, the Company shall not have the right to terminate
the
      Employee
      for "Cause" after the expiration of six (6) months from discovery
      by the Company
      of the conduct or circumstances that are the basis for such
      termination.

    

    C.
      Good
      Reason.
      Employee
      may terminate employment for Good Reason. For purposes of this Agreement, "Good
      Reason" shall mean any of the following: (i)
      the
Company
      requires Employee to relocate his principal office more than 25 miles from
      the
Company's
      current principal place of business without Employee's consent;
      (ii) the Company
      assigns Employee to a position other than Executive Vice President, General
      Counsel
      and Corporate Secretary of the Company without Employee's consent; (iii) the
      Company
      requires Employee to report directly to any officer other than Ian Aaron, Chief
      Executive
      Officer, without Employee's consent; (iv) Ian Aaron is no longer the
Chief
      Executive
      Officer of the Company (v) the Company substantially diminishes Employee's
      duties or responsibilities; and/or (vi) the Company fails to pay any amounts
      owed to Employee
      when due or otherwise materially breaches any material term of this Agreement.
      Before terminating his employment with Good Reason under subsections (i)
-
      (vi),
Employee
      shall give the Company written notice of his intent to terminate for
      Good
      Reason and the basis therefore, and the Company shall have thirty (30) days
      to
      cure (the "Cure Period") the Good Reason. At the end the Cure Period, Employee
      shall determine
      in good faith determination as to whether the Company has cured such Good
Reason.
      If Employee determines that the Company has failed to cure
      the
      Good Reason within the Cure Period, Employee may terminate his employment and
      this Agreement upon an additional ten (10) days' written notice which notice
      shall include reasonable
      detail
      as
      to why the Company's efforts
      to
      cure
      such Good Reason were inadequate. For
      all
      purposes under this Agreement, any termination by Employee with Good Reason
      shall be treated as a termination without Cause and Employee shall be entitled
      to the payments and benefits set forth in Section IV-E-3 pursuant to its
      terms.

    

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

    

    D.
      Other
      than Cause or Death or Disability. The
      Company may terminate Employee's
      employment at any time, with or without cause, upon ninety (90)
      days' written
      notice.

    

    E. Obligations
      of the Company Upon Termination.

     

    1.
      Death
      or Disability. If
      Employee's employment is terminated by reason
      of
      Employee's Death or Disability, this Agreement shall terminate without
      further obligations to Employee or his legal representatives under this
      Agreement (except as provided in this Section IV-E-1), other than for
(a)
      payment of the sum of (i) Employee's annual base salary through the date
      of
      termination to the extent not theretofore paid, (ii) Employee's pro rata
      portion of the Bonus (based on the number of days elapsed prior to termination)
      for the calendar year during which the Employee's Death or Disability
      occurs, and (iii) any compensation previously
      deferred by Employee
      (together with any accrued interest or earnings thereon) and any accrued
      vacation pay, in each case to the extent not theretofore paid (the sum of the
      amounts described in clauses (i), (ii), and (iii) shall be hereinafter
      referred to as
      the
      "Accrued Obligations"), which shall be paid to
      Employee or his estate or beneficiary, as applicable, in a lump sum in
cash
      within thirty (30) days of the date of termination; (b) payment to Employee
      or his estate or beneficiary, as applicable, any amounts due
      pursuant
      to the terms of any applicable welfare benefit plans, and (c) to the
extent
      termination is due to Disability, until the earlier of the end of such
Disability
      and June 30, 2009 (or the end of the renewal, if any), continued participation
      in medical, dental, hospitalization and
      life
      insurance coverage
      and in all other plans and programs in which Employee was participating
      (on the same basis he was participating) on the date
      of
termination.
      Upon a termination as a result of Death or Disability, the
      Options,
      and any other options granted to Employee by the Company during
      his employment, to the extent outstanding and not previously
      vested
      at
      the time of such termination, shall thereupon vest in full and shall
      continue to be exercisable for a period of three (3) years after such
termination.

     

    2. Cause. If
      Employee's employment is terminated by the Company for
      Cause, this Agreement shall terminate without further obligations to Employee
      other than for the timely payment of Accrued Obligations. If
      it
is
      subsequently determined that the Company did not have Cause for
      termination
      under Section IV-B, then the Company's decision to terminate shall
      be
      deemed to have been a determination by the Company that
      Employee's
      services are no longer needed or desired under Section IV-D and
      the
      amounts payable under Section IV-E-3 shall be the only amounts Employee
      may receive thereunder.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    EXECUTION
      COPY

    

    3.
      Other
      than Cause or Death or Disability. If
      the
      Company terminates
      Employee's employment for other than Cause or Death or
      Disability,
      or if Employee terminates his employment with Company for Good
      Reason, this Agreement shall terminate without further obligations to
      Employee (except as provided in this Section IV-E-3) other than for (a)
the
      immediate payment of Accrued Obligations; (b) upon Employee's execution,
      and non-revocation, of a release substantially in
      the
form
      attached
      hereto as Exhibit B, immediate lump sum payment to Employee of
      a sum
      equal to the balance of base salary payments for
      all
      remaining years
      of
      this Agreement and Bonus had Employee remained employed through the end of
      the
      Term or renewal, less standard withholdings and other
      authorized deductions; and (c) reimbursement to Employee of all premiums
      paid for COBRA continuation of medical insurance until the earlier of (i)
      Employee becomes eligible for group medical insurance with another
      employer or (ii) twelve (12) months.
      Furthermore,
      if the Company
      terminates Employee's employment for other than Cause, Death or
      Disability, or if Employee terminates his employment with Company for Good
      Reason, the Options, and any other options granted to Employee by the Company
      during his employment, to the extent outstanding and not previously
      vested at the time of such termination, shall thereupon vest in full
      and
      shall continue to be exercisable for a period of three (3) years after
such
      termination.

    

    4.
      Termination
      By Employee
      Other than for Good Reason. Employee
      may terminate his employment with Company upon 30 days' written
      notice for any reason other than Good Reason, Death or Disability. For
      all
      purposes under this Agreement, any such termination by Employee shall
      be
      treated as a termination for Cause.

    

    5.
      Exclusive
      Remedy; No Mitigation.
      Employee
      agrees that the payments contemplated by this Agreement shall constitute the
      exclusive and
      sole
      remedy for any termination of his employment and Employee covenants
      not to assert or pursue any other remedies, at law or in equity, with
      respect to any termination of employment. The
      Company agrees that the
      payments contemplated by the Agreement shall not be reduced by any compensation
      Employee may receive as a result of employment by any other
      person or entity after the termination of his employment.

    

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    V.
      ARBITRATION.

    

    Any
      controversy arising out of or relating to this Agreement, its enforcement or
      interpretation,
      or because of an alleged
      breach, default, or
      misrepresentation in connection
      with any of its provisions, or any other controversy arising out of Employee's
      employment,
      including, but not limited to, any state or federal statutory claims,
shall
      be
submitted
      to arbitration in Los Angeles, California, before a sole arbitrator selected
      from
      the
      American Arbitration Association ("AAA"),
      and shall be conducted in accordance with
      the
      AAA rules for the resolution of Employment Disputes as the exclusive forum
      for
the
      resolution of such dispute; provided, however, that provisional injunctive
      relief may, but
      need
      not, be sought by either party to this Agreement in a court of
      law
      while arbitration
      proceedings are pending, and any provisional injunctive relief granted by
such
      court
      shall remain effective until otherwise modified by the Arbitrator; provided,
      however,
      that such provisional injunctive relief shall be sought in aid and in advance
      of
      the
      arbitration only. Final resolution of any dispute through arbitration may
      include any
      remedy
      or
      relief which the Arbitrator deems just and equitable, including
      any and all remedies provided by applicable state or federal statutes. At the
      conclusion of the arbitration,
      the Arbitrator shall issue a written decision that sets forth the essential
      findings
      and conclusions upon which the Arbitrator's award or decision is based.
Any
      award
      or
      relief granted by the Arbitrator hereunder shall be final and binding
      on the parties
      hereto and may be enforced by any court of competent jurisdiction. The
      parties acknowledge
      and agree that they are hereby waiving any rights to trial by
      jury
      in
      any
action,
      proceeding or counterclaim brought by either of the parties against the other
      in
      connection
      with any matter whatsoever arising out of or in any way connected with this
      Agreement
      or Employee's employment. Employee
      and Company agree that in any proceeding
      to enforce the terms of this Agreement, the prevailing party shall be
      entitled to
      its or
      his reasonable attorneys' fees and costs (including forum costs associated
      with
      the
      arbitration) incurred by it or him in connection with resolution of the dispute
      in addition
      to any other relief granted.

    

    VI.
      RENEWAL.

    

    This
      Agreement shall automatically renew for one additional term of three
(3)
      years,
      commencing July 1, 2009, unless either Employee or the Company gives the other
      written notice on or before April 1, 2009), of an intent not to renew.
If
      this
      Agreement is to
      renew,
      Employee and the Company shall meet in good faith to discuss the terms of the
      renewal
      prior to May 1, 2009 to negotiate new terms related to, among other things,
      base
      salary, bonus percentage and additional grants of stock options.
      In
      the
      event the Company
      notifies Employee in writing of its election not to renew, this Agreement shall
      expire
      and terminate on June 30, 2009 and the Company shall pay Employee a lump sum
      payment equal to six (6) months of Employee's then-current base
      salary and shall reimburse Employee for all premiums paid for COBRA continuation
      of medical insurance
      for a period not to exceed six (6) months. Furthermore,
      if the Company elects not
      to
      renew, the Options, and any other options granted to Employee by the Company
      during
      his employment, to the extent outstanding and not previously vested at the
      time
      of such notice of non-renewal, shall thereupon vest
      in
      full and shall continue to be exercisable
      for a period of three (3) years after such notice of non-renewal. In
      the
      event Employee notifies the Company of his election not to renew, this Agreement
      shall expire and
      terminate on June 30, 2009, and such termination shall be treated for all
purposes
      under
      this Agreement as a termination by Employee without Good
      Reason.

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    VII.
      ANTISOLICITATION.

     

    Employee
      promises and agrees that during the term of this Agreement or renewal
in
      accordance with Section VI above, and for a period of twelve (12) months
      thereafter, he
      will
      not influence or attempt to influence any mobile telecommunications operator
      which
      distributes the Company's programming, games and services to cease distribution
      of
      the
      Company's programming, games and services with its subscribers and replace
      it
      with
      similar services of any direct competitor with the business of the
      Company.

     

    IX.
      SOLICITING
      EMPLOYEES.

    

    Employee
      promises and agrees that he will not, during the term of this Agreement
and
      for a
      period of twelve (12) months following termination of his employment or the
      expiration
      of this Agreement or renewal in accordance with Section VI above, directly
      or
      indirectly
      solicit any of the Company employees who earned annually $50,000 or more as
      a
      Company
      employee during the last six months of his or her own employment to work
for
      any
      business, individual, partnership, firm, corporation, or other entity then
      in
      direct
competition
      with the business of the Company or any subsidiary of the Company. For
      the
      purposes of this provision, "indirectly solicit" shall mean that Employee has
      provided name(s)
      or other identifying information to aid in the solicitation of such
      person.

    

    X.
      CONFIDENTIAL
      INFORMATION.

    

    A.
      Employee,
      in the performance of Employee's duties on behalf of the Company,
      shall have access to, receive and be entrusted with confidential information,
      including
      but in no way limited to development, marketing, organizational, financial,
      management, administrative, production, distribution and
      sales
      information, data, specifications
      and processes presently owned or at any time in the future developed,
by
      the
      Company or its agents or consultants, or used presently or at any time in the
      future in the
      course of its business that is not otherwise part of the public domain
      (collectively, the "Confidential
      Material"). All such Confidential Material is considered secret and will
be
      available
      to Employee in confidence. Except
      in
      the performance of duties on behalf of the
      Company, Employee shall not, directly or indirectly for any reason whatsoever,
      disclose
      or use any such Confidential Material, unless such Confidential Material
ceases
      (through
      no fault of Employee's) to be confidential because it has become part
of
      the
      public domain. All
      records, files, drawings, documents, equipment and other tangible items,
      wherever located, relating in any way to the Confidential Material or otherwise
      to the
      Company's business, which Employee prepares, uses or encounters, shall
      be
      and
remain
      the Company's sole and exclusive property and
      shall
      be included in the Confidential Material. Upon termination of this Agreement
      by
      any means, or whenever requested
      by the Company, Employee shall promptly deliver to the Company any and all
      of
      the
      Confidential Material, not previously delivered to the Company, that may be
      or
      at any
      previous time has been in Employee's possession or under Employee's
      control, provided however, that
      Employee may retain in his possession any Confidential Material that
      reflects the terms of his employment with the Company or the terms or amount
      of
      his compensation
      and benefits.

    

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

     

    

    XI.
      INDEMNIFICATION. To
      the
      maximum extent permitted by applicable law, Company
      shall indemnify Employee and hold Employee harmless from and against
      any and
      all
      claims, liabilities, judgments fines, penalties, costs and expenses (including,
      without limitation, reasonable attorneys' fees, costs of investigation and
      experts,
      settlements
      and other amounts actually incurred by Employee in
      connection with the defense
      of any action, suit or proceeding, and in connection with any appeal
thereon)
      incurred
      by Employee in any and all threatened, pending or completed actions,
suits
      or
proceedings,
      whether civil, criminal administrative or investigative (including,
      without limitation,
      actions, suits or proceedings brought by or in the name of Company) arising,
      directly
      or indirectly, by reason of Employee's status, action or inaction as a director,
      officer,
      employee or agent of Company or of an affiliate of Company. The Company
shall
      promptly advance to Employee upon request any and all expenses incurred by
      Employee in defending any and all such actions, suits or proceedings to the
      maximum extent permitted by law.

    

    XII.
      SUCCESSORS.

    

    A. This
      Agreement is personal to Employee and shall not, without the prior written
      consent of the Company, be assignable by Employee.

    

    B.
      This
      Agreement may not
      be
      assigned by the Company without Employee's
      prior written consent, unless such assignment is made in connection with
a
      Change
      in
      Control, in which case, this Agreement shall inure to the benefit of and
be
      binding
      upon the Company and its successors and assigns and any such successor
or
      assignee
      shall be deemed substituted for the Company under the terms of this Agreement
      for
      all
      purposes. With
      respect to any assignment of this Agreement by Company requiring
      Employee's prior written consent, no such permitted assignment shall
relieve
      the
      Company of its obligations or liability hereunder unless Employee otherwise
      agrees
      in
      writing.

    

    XIII.
      WAIVER.

     

    No
      waiver
      of any breach of any term or provision of this Agreement shall be
      construed
      to be, nor shall be, a waiver of any other breach of this Agreement. No waiver
      shall
      be
      binding unless in writing and signed by the party waiving the
      breach.

    

    XIV.
      MODIFICATION.

     

    This
      Agreement may not be amended or modified other than by
      a
      written agreement
      executed by Employee and the Company's Chief Executive Officer.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

     

    EXECUTION
      COPY

     

    XV.
      SAVINGS
      CLAUSE.

    

    If
      any
      provision of this Agreement or the application thereof is held invalid, the
      invalidity
      shall not affect
      other
      provisions or applications of the Agreement which can be given
      effect without the invalid provisions or applications and to this end the
      provisions of
      this
      Agreement are declared to be severable.

     

    XVI.
      COMPLETE
      AGREEMENT.

    

    This
      Agreement constitutes and contains the entire agreement and final understanding
      concerning Employee's employment with the Company and the other subject
      matters addressed herein between the parties. It is intended by the parties
      as a
complete
      and exclusive statement of the terms of their agreement. It supersedes and
      replaces
      all prior negotiations and all agreements proposed or otherwise, whether written
      or
      oral,
      concerning the subject matter hereof. Any representation,
      promise or agreement not
      specifically included in this Agreement shall
      not
      be
      binding upon or enforceable against
      either party. This is a
      fully
      integrated agreement. To the extent that there is any conflict
      or inconsistency between the terms of this Agreement and the terms of the
Option
      Agreement or the Plan, the terms of this Agreement shall govern.

    

    XVII.
      GOVERNING
      LAW.

    

    This
      Agreement shall be deemed to have been executed and delivered within the
State
      of
      California, and the rights and obligations of the parties hereunder shall be
      construed
      and enforced in accordance with, and governed by, by the laws of the State
      of
California
      without regard to principles of conflict of laws.

    

    XVIII.
      CONSTRUCTION.

    

    Each
      party has cooperated in the drafting and preparation of this Agreement.
Hence,
      in
      any construction to be made of this Agreement, the same shall not be construed
      against
      any party on the basis that the party was the drafter. The captions of this
      Agreement
      are not part of the provisions hereof and shall have no force or
      effect.

    

    XIX.
      COMMUNICATIONS.

    

    All
      notices, requests, demands and other communications hereunder shall be in
writing
      and shall be
      deemed
to
      have
      been duly given if delivered or if mailed by registered
      or certified mail, postage prepaid, addressed to Employee at 4523 Grimes
Place,
      Encino, California 91316 or addressed to the Company at 14242 Ventura Blvd.,
      Sherman
      Oaks CA 91423, Attention: Ian Aaron, Chief Executive Officer. Either party
      may
      change the address at which notice shall be given by written notice given in
      the
above
      manner.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    EXECUTION
      COPY

     

    XX.
      EXECUTION.

    

    This
      Agreement is being executed in one or more counterparts, each of which
shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
instrument.
      Photographic copies of such signed counterparts may be used in lieu of the
      originals for any purpose.

     

    XXI.
      CONFLICT
      WITH OTHER AGREEMENTS.

    

    In
      the
      event that an express provision of this Agreement conflicts with an express
      provision
      of the Plan and/or the Option Agreement, the
      express provision of this Agreement
      shall govern.

    

    In
      witness whereof, the parties hereto have executed this Agreement as of the
      date
      first above written.

    
      	 	 	 
	 	THE WAAT CORPORATION
	 
 	 
 	 
 
	
            	By:  	/s/  Ian
              Aaron
	 	Its
              Pres. /CEO
	 	
            

    

     

    
      	 	 	 
	 	
              DAVID
                MANDELL

               

            
	 
 	 
 	 
/s/
              David
              Mandell
	 	 	
            
	 	
            
	 	
            

    

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    EXHIBIT
      A

    OPTION
      AGREEMENT

     (To
      Be Provided)
      

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

    EXHIBIT
      B

    General
      Release Agreement

    

    This
      General Release Agreement (the "Agreement") is entered into as of
      ___,
      200_,
      by
      and
      between David Mandell (the "Employee") and
      WAAT
      CORPORATION. (the "Company").
      Employee
      and the Company are parties to an Employment Agreement effective
      as of June 5, 2006 (the "Employment Agreement").

    

    Employee's
      employment with the Company will terminate effective on ______, 200_
      (the
      "Termination Date"). In
      exchange for the severance pay and other severance benefits
      provided to Employee under Section IV-E-3 of the Employment Agreement
      (including,
      but not limited to, the right to retain all vested 401K benefits pursuant to
      the
401K
      Plan), and except for the obligations of Company under such Section
      IV-E-3, Employee
      hereby
      covenants
      not to sue and releases the Company, and its subsidiaries, parent
      and affiliated entities, past and present, and
      each
      of them, as
      well
      as
      their
respective
      trustees, directors, officers,
      agents, employees, shareholders,
      assignees, successors,
      attorneys, and insurers, past and present, and each of them (individually
and
      collectively
      referred to herein as "Releasees"),
      from any and all claims, wages,
      agreements,
      contracts, obligations, covenants, demands, costs, expenses, attorneys'
fees,
      rights,
      debts, liens, and causes of action, known or unknown, suspected or unsuspected,
      arising
      out of or in any way connected with his employment or any other transactions,
      occurrences,
      acts or omissions, or any loss, damage or injury whatsoever,
      known or unknown,
      suspected or unsuspected, resulting from any act or omission by or on the part
      of
      said
      Releasees, or any of them, committed or omitted, prior to the execution of
      this
      Agreement, whether based on contract, tort,
      common
      law, or statute. Employee
      acknowledges
      by the execution of this Agreement that he has no further claims against
the
      Releasees other than for the performance of the obligations set forth in Section
      IV-E-3
      and
      Section XI of the Employment Agreement.

    

    The
      Employee hereby acknowledges that he has read this Agreement, understands its
      contents and agrees to its terms and conditions knowingly, voluntarily and
      of
      his own free
      will. Specifically, the Employee agrees: (a)
      that
      he is releasing any and all claims under
      the
      Age Discrimination in Employment Act of 1967, as amended by the Older Workers
      Benefit Protection Act, and any federal, state or local fair
      employment acts arising
      up to the date of the execution of this Agreement; (b) that the consideration
      being received
      by the Employee is greater than he would have been entitled to receive before
      signing
      this Agreement; (c) that the Employee is hereby advised to consult an attorney
      of his
      choice prior to the execution of this Agreement; (d) that the Employee was
      given
      at least
      twenty-one (21) days from the date of receipt of this Agreement to decide
      whether or
      not to
      execute it; and (e) that the Employee has seven (7) days from the execution
      of
this
      Agreement to revoke its execution and this Agreement will become null and void
      if he
      elects
      revocation during that time. Any
      revocation must be in writing and must be received
      by the Company during the seven-day revocation period. In
      the
      event of such revocation,
      the Company will not have any obligations under this Agreement or Section
IV-E-3
      of
      the Employment Agreement except for the payment of Accrued Obligations as
      defined in the Employment Agreement.

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

    EXECUTION
      COPY

     

    If
      any
      provision of this Agreement or its application is held invalid, the invalidity
      shall
      not
      affect other provisions or applications of the Agreement which can be given
      effect
      without the invalid provisions or application and, therefore, the provisions
      of
      this Agreement
      are declared to be severable.

    

    The
      undersigned have read and understand the consequences of this Agreement
and
      voluntarily sign it.

    

    IN
      WITNESS WHEREOF, the Parties have executed this Agreement as of the __
day
      of
      _ 200_.

     

    
      	 	 	 
	 	DAVID
              MANDELL
	 
 	 
 	 
 
	 	 	 
	 	
            
	 	
            

      	 	 	 
	 	THE
              WAAT CORPORATION
	 
 	 
 	 
 
	
            	By  	 
	 	Its	 
	 	
            
	 	
            

    

     

    
      
        
        

      

      
        14

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