Document:

ex10_3.htm

    
      

    

    Exhibit
      10.3

     

    November
      1, 2007

    

    

    

    Mr.
      Scott
      Hughes

    2670
      Towne Village Dr.

    Duluth,
      GA 30097

    

    Re:  Offer
      of Continuing Employment with uVuMobile

    

    Dear
      Scott:

    

    We
      are
      pleased to extend our offer of continuing employment in the position of Chief
      Technology Officer with uVuMobile, Inc. (“uVu”).  This is a position
      of considerable responsibility, integral to our continued business development
      and success and we are delighted that you will continue employment with the
      company.

    

    This
      letter is designed to set forth the terms and conditions of our continuing
      employment relationship, and to supersede and replace any prior employment
      contracts, offer letters or other agreements that may currently be in effect
      between you and uVu and that govern the terms and conditions of your employment
      with uVu.  The specific terms of this offer for continuing employment
      are as follows:

    

    First,
      you will be compensated at an annual gross rate of $180,000.00 (your “Base
      Salary”), which will be earned and paid in accordance with uVu’s ordinary
      payroll practices and which will be subject to all required federal, state
      and
      local tax withholding requirements.  You will also be eligible to be
      considered for periodic bonus payments as determined by uVu based on its
      evaluation of individual and company performance.  It is the company’s
      desire, over time, to make these bonus payments a substantial part of your
      compensation.

    

    In
      addition to your salary and bonus opportunities, you also will be eligible
      to
      participate in uVu’s employee benefit plans and programs, subject to the terms
      and conditions governing those plans and programs as are established by uVu
      in
      its discretion from time-to-time.  uVu’s employee
      benefit  plans and programs may be amended, enlarged, or diminished by
      uVu from time to time, as it determines is appropriate in its sole
      discretion.

    

    Because
      you are in a position of considerable responsibility, integral to our continued
      business development and success, you agree that you will devote your full
      business time, best efforts and business judgment, skill and knowledge to the
      advancement of uVu’s interests and to the discharge of your duties and
      responsibilities.  You will not engage in any other business activity,
      except as may be approved by uVu (except for religious, charitable or other
      community or non-profit activities that do not impair your ability to fulfill
      your duties and responsibilities to uVu).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    In
      addition, you understand and agree that your employment creates a relationship
      of confidence and trust with uVu with respect to all Confidential
      Information1 and agree that
      at all times during your employment with uVu and for a period of two (2) years
      after the end of that employment for whatever reason, you will keep in
      confidence and trust all such Confidential Information, and will not use or
      disclose any such Confidential Information without the written consent of uVu,
      except as may be necessary in the ordinary course of performing my duties to
      uVu.

    

    This
      letter shall not constitute an employment contract for any definite time with
      uVu.  You and uVu will remain in an “at will” employment relationship,
      meaning that you and/or uVu are free to terminate your employment at any time
      and for any reason.  However, in the event that uVu terminates your
      employment at any time during the first year following the date of this letter,
      other than for Cause, you will be eligible for a lump-sum, gross severance
      payment equal to 33% of your annual base salary (subject to legally-required
      withholding of any federal, state and local taxes).  For purposes of
      this letter, Cause shall be defined as: (a) an act of fraud, misappropriation
      or
      embezzlement; (b) your conviction for commission of a felony or a crime
      involving moral turpitude (including pleading guilty or nolo contendre to a
      felony or a lesser charge which results from plea bargaining), whether or not
      such felony, crime or lesser offense was committed in connection with the
      business of uVu; (c) your failure and/or refusal to follow work-related
      directions of your direct supervisor and/or the Board of Directors of uVu;
      or
      (d) a significant violation of a written or other well-established policy or
      procedure of uVu.

    

    It
      is a
      pleasure extending this offer to you.  We sincerely feel that uVu can
      provide you with the opportunity to achieve rewarding results for both you
      and
      the company, and we look forward to your contributions.  If you have
      any questions about this offer, our company or your role at uVu, please do
      not
      hesitate to contact me.  If you have no further questions, please
      return a signed copy of this letter for your personnel file.

    

    

    Sincerely,

    

    
      	
              /s/
                William J. Loughman

            	 	 
	
              Interim
                Chief Executive Officer

            	 	 
	
              President
                and Chief Financial Officer

            	 	 
	 	 	 
	 	
                /s/
                Scott Hughes

            	 
	 	
              Accepted

            	 
	 	 	 
	 	
                November
                4, 2007

            	 
	 	
              Date

            	 

    

    

      

    

    
      1
        Confidential
        Information” means all information regarding uVu, its activities, business or
        clients that is the subject of reasonable efforts by uVu to maintain its
        confidentiality and that is not generally disclosed by practice or authority
        to
        persons not employed by uVu.  “Confidential Information” shall
        include, but is not limited to, uVu’s customer and client lists, confidential
        information provided by clients and prospective clients  (i.e.
        confidential information provided by client to assist uVu in developing products
        or services for the client), information and data regarding compensation
        received by uVu from clients, uVu’s business strategies and plans (including any
        merger or acquisition plans), uVu’s operational methods, uVu’s compensation
        information on employees, uVu’s compensation arrangements with clients, uVu’s
        market studies and marketing plans and any of uVu’s product development
        techniques or plans.ex10_4.htm

    
      

    

    Exhibit
      10.4

    
       

      AGREEMENT
        AND GENERAL RELEASE

      

      This
        Agreement and General Release (“Agreement”) is entered
        into by and between uVuMobile, Inc., a Delaware corporation
        (“uVuMobile”) and William Loughman
        (“Employee”) (uVuMobile and Employee are collectively referred
        to as the “Parties”) and is effective as of the date
        of execution by both parties (the “Effective
        Date”).

       

      RECITALS

      WHEREAS,
        Employee previously entered into an employment agreement with SmartVideo
        Technologies, Inc. (“SVT”) (the “Prior
        Agreement”); and

       

      WHEREAS,
        the Prior Agreement provided Employee with certain rights and
        obligations with respect to his employment with SVT; and

       

      WHEREAS,
        Employee desires to terminate the Prior Agreement and to waive all rights
        and
        obligations under the Prior Agreement and otherwise against SVT, uVuMobile
        and
        related entities;

       

      NOW,
        THEREFORE, in consideration of the foregoing premises and the mutual
        covenants set forth herein, it is agreed:

       

      AGREEMENT

      

      1.      Consideration
        provided by uVuMobile:  In exchange for the promises and
        Agreements of Employee hereunder, uVuMobile hereby agrees to provide Employee
        with an equity or convertible debt valued at $42,500 in the next equity
        transaction valued at greater than $1 million dollars and upon receipt of
        a
        fully executed version of this agreement, the Company shall grant stock options
        to acquire 1,000,000 shares of uVuMobile’s common stock (each an “Option” and
        collectively the “Options”) under such terms and conditions as provided for
        under the Company’s stock option plan.  The stock options shall be
        priced on the date of the grant and shall vest quarterly over a 24 months
        period
        and be immediately exercisable for 15 months following the grant notwithstanding
        anything to the contrary in the Company’s Stock Incentive
        Plan.  Provided, however, that if the Company does not receive the
        Financing commitment within three (3) months from the date of execution,
        this
        Agreement in its entirety shall be null and void.

      

      2.      Release
        by Employee: In consideration of the consideration provided in
        Paragraph 1 above, Employee agrees that the Prior Agreement is hereby terminated
        and shall no longer be of any force or effect.  All rights and
        obligations owing to Employee under the Prior Agreement are hereby fully
        and
        forever released and discharged by Employee.  In addition, Employee
        fully, finally and forever releases and discharges uVuMobile, SVT, and each
        of their employees, agents, directors, officers, insurers, attorneys,
        successors, predecessors and assigns from any and all known claims,
        demands, actions, causes of action, rights, obligations, liabilities, debts,
        suits, damages, attorneys' fees, costs, expenses, and losses of every kind
        and
        nature whatsoever, whether in law or in equity, whether in contract, tort,
        or
        otherwise, including, but not limited to, consequential and incidental damages,
        whether now existing, previously existing, or existing in the future, and
        including, but not limited to, any claim to recover salary, benefit or other
        amounts pursuant to the Prior Agreement and/or pursuant to any benefit plan
        or
        program referenced in the Prior Agreement.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      3.      Release
        by Company: In consideration of the Loughman’s forfeiture of certain of
        her severance obligations and other good and valuable consideration given
        herein, Company hereby releases, acquits, withdraws, retracts and forever
        discharges any and all claims, manner of actions, causes of action (in law
        or in
        equity), suits, judgments, debts, liens, contracts, agreements, promises,
        liabilities, demands, damages, losses, costs, expenses or disputes, known
        or
        unknown, fixed or contingent, directly or indirectly, personally or in a
        representative capacity, against Loughman by reason of any act, omission,
        matter, cause or thing whatsoever, from the beginning of time up to and
        including the date of execution of this Agreement to the extent that such
        a
        release is permitted as a matter of law.  This general release
        includes, but is not limited to, all claims, manner of actions, causes of
        action
        (in law or in equity), suits or requests for attorneys’ fees and/or costs under
        the Employee Retirement Income Security Act of 1974; Title VII of the Civil
        Rights Act of 1964 as amended; the Americans with Disabilities Act; the
        Rehabilitation Act of 1973; the Family and Medical Leave Act; the
        anti-retaliation provisions of the Fair Labor Standards Act; the Equal Pay
        Act;
        the Pregnancy Discrimination Act; the Consolidated Omnibus Budget Reconciliation
        Act (“COBRA”); the Occupational Safety and Health Act; the National Labor
        Relations Act; legal malpractice,  42 U.S.C. §§ 1981 through
        1988; any federal, state or local law regarding retaliation for protected
        activity or interference with protected rights; and any state or local law,
        including but not limited to the Georgia AIDS Confidentiality Act; Georgia’s Law
        Regarding Equal Pay, O.C.G.A. § 34-5-1 etseq.; the Georgia Equal
        Employment for Persons with Disabilities Code;  the Georgia
        Constitution; and all claims under Georgia public policy or common law
        including, but not limited to, common law claims of outrageous conduct,
        intentional or negligent infliction of emotional distress, negligent hiring,
        breach of contract, breach of the covenant of good faith and fair dealing,
        promissory estoppel, negligence, wrongful termination of employment,
        interference with employment relationship, civil rights, fraud and deceit
        and
        all other claims of any type or nature, including all claims for damages,
        wages,
        compensation, vacation, reinstatement, medical expenses, punitive damages,
        and
        claims for attorneys’ fees.  The Company and Loughman intend that this
        release shall discharge all claims against Loughman to the full and maximum
        extent permitted by law.  Company and Loughman further agree that to
        the extent that federal law prohibits the waiving of certain claims as a
        matter
        of law, this Agreement is not intended to waive any such claims.

      

      4.      Assignment:  Employee
        represents and warrants that Employee has not assigned or otherwise transferred
        or subrogated any interest in any claim being released hereunder.

      

      5.      No
        Admission of Liability:  This Agreement is made as a
        compromise of disputed claim or claims and does not constitute an admission
        of
        liability or other obligation on the part of any of the Parties.

      

      6.      Representation
        By Counsel:  The execution of this Agreement by each Party is
        free and voluntary.  The Parties each warrant that they have either
        been represented by, or had an opportunity to consult with,
        counsel.  No promise or inducement to enter into this Agreement,
        except as expressly stated herein, is made by or to any Party.  This
        Agreement contains the entire agreement between the Parties hereto and the
        terms
        hereof supersede all prior discussion.

      

      7.      Modifiability:  This
        Agreement may not be amended except by a writing signed by the Party against
        whom enforcement of such amendment is sought.

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      8.      Authorization:  Each
        Party has read this Agreement and understands the contents
        hereof.  Each person executing this Agreement on behalf of an entity
        is empowered to do so and thereby binds such entity.

      

      9.      Severance:  If
        any provision of this Agreement is held to be illegal or invalid by a court
        of
        competent jurisdiction, such provisions shall be severed or deleted and neither
        that provision, nor its severance and deletion, will affect the validity
        of the
        remaining provisions.  Any illegal or invalid provision shall be
        reconstrued and limited so as to be valid to the fullest extent permitted
        by
        applicable law and shall only be treated as illegal or invalid to the extent
        it
        is broader than so permitted.

      

      10.    Counterparts:  This
        Agreement may be executed in counterparts and when each Party has signed
        and
        delivered at least one counterpart, each counterpart will be deemed an original
        and, when taken together with the other signed counterparts, will constitute
        one
        agreement which will be binding upon and effective as to all
        Parties.  Facsimile signatures are acceptable.

      

      11.    Specific
        Performance; Attorney’s Fees:  This Agreement may be
        specifically enforced, and injunctive relief may be granted, without the
        posting
        of a bond, to prevent a breach of the Agreement since there is no adequate
        remedy at law.  The prevailing party in any proceeding brought to
        enforce this agreement shall be entitled to an award of its reasonable costs
        and
        expenses, including, without limitation, attorneys’ fees.  Nothing
        contained herein shall prevent either party hereto from seeking to enforce
        its
        rights for a breach of this Agreement.

      

      Executed
        on the dates indicated below.

      

      
        	
                UVUMOBILETM,
                  INC. 

              	 	 	
                William
                  J. Loughman

              	 
	 	 	 	 	 	 
	 	 	 	 	 	 
	
                By:

              	
                  /s/
                  Glenn Singer

              	 	
                By:

              	
                  /s/
                  William Loughman

              	 
	 	
                  Glenn
                  Singer

              	 	 	
                   William
                  Loughman

              	 
	 	 	 	 	 	 
	
                Its:

              	
                  Chairman
                  of the Board

              	 	
                Its:

              	
                  Interim
                  CEO, President and CFO

              	 
	 	 	 	 	 	 
	 	
                DATED:
                  November 1, 2007

              	 	 	
                DATED:
                  November 2, 2007

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