Document:

EMPLOYMENT
      AGREEMENT

     

    EMPLOYMENT
      AGREEMENT,
      dated as
      of June 4, 2007, by and Green Screen Interactive Software, LLC, formerly Green
      Screen, LLC, a Delaware limited liability company with its offices at 575
      Broadway - 6th
      Floor,
      New York, NY 10012 (“Employer”),
      and
      David J. Fremed, an individual having an address at 849 Longview Avenue, North
      Woodmere, New York 11581 (“Senior
      Executive”
or
      “Executive”).

     

    In
      consideration of the premises and the mutual promises and covenants herein
      contained and for other good and valuable consideration, the parties agree
      as
      follows:

     

    1.
      Term
      of Employment.
      Executive’s employment under this Employment Agreement shall commence on August
      16, 2007 (the “Commencement
      Date”)
      and
      will expire on June 15, 2010 (the “Employment
      Term”).
      

     

    
      
        2.
          Position. 

      

    

     

    (a) Executive
      shall serve as the Chief Financial Officer of Employer. 

     

    (b) 
      The
      Executive shall have such management and oversight responsibilities and
      authority as are necessary to efficiently administer the general financial
      affairs of the Employer and such other further reasonably related duties, powers
      and prerogatives as Employer management may delegate to Executive from time
      to
      time. The Executive shall report to the President of Employer, currently Mark
      Seremet. 

     

    (c) During
      the Employment Term, Executive shall devote substantially all of his business
      time and efforts to the performance of his duties hereunder.

     

    3. Base
      Salary.
      During
      the first 12 months of the Employment Term, Employer shall pay Executive a
      base
      salary at the annual rate of not less than $250,000. During the second 12 months
      of the Employment Term, Employer shall pay Executive a base salary of not less
      than $265,000. After the first 24 months of the Employment Term, Employer shall
      pay Executive a base salary of not less than $285,000. Base salary shall be
      payable in each case in accordance with the usual payroll practices of Employer
      and shall be subject to review from time to time by Employer for increases.
      The
      base salary as determined as aforesaid from time to time shall constitute
“Base
      Salary”
for
      purposes of this Employment Agreement.

     

    4. Other
      Compensation. 

     

    (a) Bonus.
      In
      addition to his Base Salary Executive shall receive a bonus of at least $50,000
      per 12 month period, starting on the date of this Employment Agreement, paid
      $12,500 per quarter (paid with the payroll following September 4, December
      4,
      March 4 and June 4) based on milestones to be agreed upon by Executive and
      Employer’s President. In addition, Executive shall receive a one time bonus of
      $35,000 upon the closing of the second round of financing of the Employer if
      the
      amount of such round of financing is at least $40,000,000 (the “Financing
      Bonus”).
      

    
      
        
        

      

      
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    (b) Equity.
      Equity
      grants to Executive are as described in the 2nd
      Amended
      and Restated Limited Liability Company Agreement of Green Screen Interactive
      Software, LLC, effective as of April 1, 2007, as may be amended from time to
      time (the “LLC
      Agreement”),
      namely 24,000 Incentive Units, subject to Board approval and Executive executing
      the LLC Agreement. After such events occur, vesting shall be deemed to have
      started as of June 4, 2007 in accordance with the LLC Agreement..

     

    (c) Car
      Allowance. Employer
      shall reimburse Executive up to $500 per month for expenses associated with
      his
      automobile, exclusive of parking. Company shall also reimburse Executive for
      parking when Executive drives to Employer’s headquarters in New York City.

     

    5.
      Employee
      Benefits and Vacation. 

     

    (a) During
      the Employment Term, beginning with the Commencement Date, Executive shall
      be
      entitled to participate in all pension, retirement, savings, welfare and other
      employee benefit plans and arrangements, such as medical insurance and a 401(k)
      program, in the event Employer establishes such program and fringe benefits
      and
      perquisites generally maintained by Employer from time to time for the benefit
      of the senior executives of Employer. 

     

    (b) During
      the Employment Term, Executive shall be entitled to vacation each year in
      accordance with Employer’s policies as may be in effect from time to time, but
      in no event less than four (4) weeks paid vacation per calendar year. Executive
      shall also be entitled to such periods of sick leave as is customarily provided
      by Employer for its senior executive employees.

     

    6. Business
      Expenses.
      Employer shall reimburse Executive for the travel, entertainment, professional
      dues and fees and other business expenses incurred by Executive in the
      performance of his duties hereunder, in accordance with Employer’s policies as
      may be in effect from time to time.

     

    7. Termination.
      (a) Notwithstanding
      anything to the contrary which may be contained in this Employment Agreement,
      Executive’s employment is at will, subject to the terms and conditions of this
      Employment Agreement. Employer may terminate the Executive’s employment at any
      time for any reason or no reason. If the Executive’s employment is terminated by
      Employer without Cause, but not in connection with a Change of Control event,
      the Executive will receive an amount equal to the last six months of Base Salary
      paid (or owing) to him prior to such termination plus the amount of bonuses
      paid
      to Executive during such six month period (excluding the Financing Bonus) and
      full benefits for such six month period that existed at the time of termination.
      Such amount shall be paid to Executive in equal installments over six months,
      paid in accordance with Employer’s then current payroll schedule. “Cause”
is
      defined as, during the Employment Term, 

     

    
      	 	
              (i)

            	
              the
                refusal of Executive to follow the proper written direction of the
                Board
                of Managers of Employer (the “Board”),
                provided that the foregoing refusal shall not be “Cause” if Executive in
                good faith believes that such direction is illegal, unethical or
                immoral
                and promptly so notifies the Board;

            

    

    
      
        
        

      

      
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              (ii)

            	
              substantial
                and continuing willful refusal by Executive to perform the duties
                required
                of him hereunder (other than any such failure resulting from incapacity
                due to physical or mental illness) after a written demand for substantial
                performance is delivered to Executive by the Board or its the Chairman,
                specifically identifying the manner in which it is believed that
                Executive
                has substantially and continually refused to attempt to perform his
                duties
                hereunder;

            

    

     

    
      	 	
              (iii)

            	
              Executive
                being convicted of a felony (other than a felony involving a motor
                vehicle);

            

    

     

    
      	 	
              (iv)

            	
              the
                substantial breach by Executive of any material fiduciary duty owed
                by
                Executive to Employer, as determined by Employer, in its reasonable
                discretion, or

            

    

     

    
      	 	
              (v)

            	
              Executive’s
                misappropriation or fraud with regard to Employer (other than good
                faith
                expense account disputes).

            

    

     

    (b) During
      the Employment Term, in the event Executive is terminated as a result of Change
      of Control of Employer, or if, in connection with any Change of Control,
      Executive’s duties are diminished below those of the Chief Financial Officer or
      materially diminished below those that he had in the month prior to the Change
      of Control and Executive resigns due to such diminution of duties, Executive
      shall receive severance equal to his Base Salary for the 12 months preceding
      such termination plus the amount of bonuses paid to Executive during such 12
      month period, plus full benefits for one year from the date of his termination.
      “Change
      of Control”
is
      defined as (i) the acquisition by any person, entity or group of beneficial
      ownership of more than fifty percent of either the outstanding membership units
      of Employer or the combined voting power of the then outstanding voting
      securities of Employer entitled to vote generally in the election of directors;
      (ii) upon a merger or consolidation of Employer with any other corporation
      or
      company, which results in the equity holders of Employer prior thereto
      continuing to represent less than 50 percent of the combined voting power of
      the
      voting securities of the Employer or the surviving entity after the merger;
      or
      (iii) upon the sale of all, or substantially all, of the assets of Employer.
      

     

    8.
       Confidentiality/Noncompetition.
      (a)
      Employer and Executive acknowledge and agree that the services to be provided
      by
      Executive pursuant to this Employment Agreement are unique and extraordinary
      and, as a result of such employment, Executive will be in possession of
      confidential information relating to the business practices of Employer. The
      term “confidential
      information”
shall
      mean any and all information (verbal and written) relating to the Employer
      or
      any of its affiliates, or any of their respective activities, other than general
      business practices not unique to the Employer but commonly practiced in the
      interactive entertainment industry and such information which can be shown
      by
      the Executive to be in the public domain or otherwise know to the public other
      than as a result of a breach of this Section 8, including but not limited to
      information relating to trade secrets, personnel lists, financial information,
      research projects, services used, pricing, customers, customer lists and
      prospects, product sourcing, marketing, selling and servicing. Employee agrees
      that he will not, during or after the termination of employment, directly or
      indirectly, use, communicate, disclose or disseminate to any person, firm or
      corporation any confidential information of the Employer acquired by Executive
      during his employment by Employer, except by court order or judicial mandate.
      

    
      
        
        

      

      
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    (b)
      Executive agrees that he shall not, during the period of his employment and
      for
      one year thereafter, knowingly directly or indirectly take any action which
      constitutes an interference with or a disruption of any of Employer’s business
      activities, including without limitation, solicitations of Employer’s customers
      or employees. For purposes of clarification, but not of limitation, Executive
      acknowledges and agrees that the provisions of this Section 8 shall prohibit
      him
      from knowingly directly or indirectly hiring, offering to hire, enticing,
      soliciting or in any manner persuading or attempting to persuade any officer,
      employee, agent, lessor, lessee, licensor, licensee or customer who has been
      previously contacted by a representative of the Employer known by the Executive,
      including the Executive, to discontinue or alter his, her or its relationship
      with the Employer.  

     

    (c)
      Executive
      agrees that he shall not, during the period of his employment and for one year
      thereafter following such employment, directly or indirectly, engage, have
      an
      interest in or render any services to any business (whether as an owner,
      manager, operator, licensor, licensee, lender, partner, stockholder, joint
      venturer, employee, consultant or otherwise) knowingly competitive with
      Employer’s business activities. This provision shall not apply in the event
      Executive is no longer receiving a least his Base Salary from
      Employer.

     

    9. Developments.
      If at
      any time or times during Executive’s employment or during his, if Executive
      shall (either alone or with others) make, conceive, create, discover, invent
      or
      reduce to practice any development, including any invention, modification,
      discovery, design, development, improvement, process, software program, work
      of
      authorship, documentation, formula, data, technique, know-how, trade secret
      or
      intellectual property right whatsoever or any interest therein, whether or
      not
      patentable or registrable under copyright, trademark or similar statutes
      (including but not limited to the Semiconductor Chip Protection Act) or subject
      to analogous protection that: (a) relates to the actual or anticipated business
      of the Employer or any customer of or supplier to the Employer or any of the
      existing or future products or services being developed, manufactured or sold
      by
      the Employer or which may be used in relation therewith; or (b) results
      from tasks assigned to Executive by the Employer; or (c) results from the
      use of premises or personal property (whether tangible or intangible) owned,
      leased or contracted for by the Employer, then all such developments and the
      benefits thereof, including any moral rights related thereto, are and shall
      immediately become the sole and absolute property of the Employer and its
      assigns, as works made for hire or otherwise. Executive shall promptly disclose
      to the Board of Mangers of the Employer (or any persons designated by it) each
      such development. Executive hereby assigns all rights (including, but not
      limited to, rights to inventions, patentable subject matter, copyrights and
      trademarks) Executive may acquire in the developments and all benefits and/or
      rights resulting therefrom to the Employer and its assigns without further
      compensation and shall communicate, without cost or delay, and without
      disclosing to others the same, all available information relating thereto (with
      all necessary plans and models) to the Employer. 

    
      
        
        

      

      
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    10. Miscellaneous. (a) Governing
      Law/Venue. This
      Employment Agreement shall be governed by and construed in accordance with
      the
      laws of the State of New York without reference to principles of conflict of
      laws. Executive agrees to and does hereby submit to the exclusive jurisdiction
      before any state or federal court located in New York County, New York in
      connection with any claims, disputes or disagreements regarding this Employment
      Agreement. 

     

    (b)
      Entire
      Agreement and Amendment. This
      Employment Agreement and the instruments contemplated or referred to herein
      (including the LLC Agreement), contain the entire understanding of the parties
      with respect to the employment of Executive by Employer from and after the
      date
      hereof and supersede any prior employment agreements between Employer and
      Executive. For clarity, the LLC Agreement is not superseded by this Employment
      Agreement. There are no restrictions, agreements, promises, warranties,
      covenants or undertakings between the parties with respect to the subject matter
      herein other than those expressly set forth herein and therein. This Employment
      Agreement may not be altered, modified, or amended except by written instrument
      signed by the parties hereto.

     

    (c) No
      Waiver.  The
      failure of a party to insist upon strict adherence to any term of this
      Employment Agreement on any occasion shall not be considered a waiver of such
      party’s rights or deprive such party of the right thereafter to insist upon
      strict adherence to that term or any other term of this Employment Agreement.
      Any such waiver must be in writing and signed by Executive or an authorized
      officer of Employer, as the case may be.

     

    (d) Assignment.  This
      Employment Agreement shall not be assignable by Executive. This Employment
      Agreement shall be assignable by Employer only to an acquiror of all or
      substantially all of the assets of Employer, provided such acquiror promptly
      assumes all of the obligations hereunder of Employer in a writing delivered
      to
      Executive and otherwise complies with the provisions hereof with regard to
      such
      assumption. 

     

    (e) Successors;
      Binding Agreement; Third Party Beneficiaries.
      This
      Employment Agreement shall inure to the benefit of and be binding upon the
      personal or legal representatives, executors, administrators, successors, heirs,
      distributees, devisees legatees and permitted assignees of the parties hereto.
      

     

    (f)
       Communications.  For
      the
      purpose of this Employment Agreement, notices and all other communications
      provided for in this Employment Agreement shall be in writing and shall be
      deemed to have been duly given (i) when hand delivered, or (ii) two business
      days after being mailed by United States registered or certified mail, return
      receipt requested, postage prepaid, addressed to the respective addresses set
      forth on the initial page of this Employment Agreement, provided that all
      notices to Employer shall be directed to the attention of the General Counsel
      of
      Employer, or to such other address as any party may have furnished to the other
      in writing in accordance herewith. Notice of change of address shall be
      effective only upon receipt.

    
      
        
        

      

      
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    (g)
       Withholding
      Taxes.  Employer
      may withhold from any and all amounts payable under this Employment Agreement
      such federal, state and local taxes as may be required to be withheld pursuant
      to any applicable law or regulation.

     

    (h) Survivorship.  The
      respective rights and obligations of the parties hereunder shall survive any
      termination of Executive’s employment to the extent necessary to the agreed
      preservation of such rights and obligations.

     

    (i) Counterparts.  This
      Employment Agreement may be signed in counterparts, each of which shall be
      an
      original, with the same effect as if the signatures thereto and hereto were
      upon
      the same instrument.

     

    (j) Headings.
       The
      headings of the sections contained in this Employment Agreement are for
      convenience only and shall not be deemed to control or affect the meaning or
      construction of any provision of this Employment Agreement.

     

    (k) Mutual
      Representation.  Both
      parties represent and warrant to each other that there is no legal impediment
      to
      them performing their obligations under this Employment Agreement and neither
      entering into this Employment Agreement nor performing their contemplated
      service hereunder will violate any agreement to which they are a party or any
      other legal restriction.

     

    (l) Independent
      Contractor. Executive
      and Employer acknowledge and agree that for the period from June 4, 2007 through
      August 15, 2007 (the “Independent
      Contractor Period”),
      Executive will act as an independent contractor for Employer, performing various
      financial functions for Employer. During this period, Executive shall devote
      not
      less than 30 hours per week to Employer and Employer shall pay Executive at
      the
      weekly rate of $2,884.62. No withholdings shall be taken from such amount and
      Employer shall file a 1099 with the Internal Revenue Service in connection
      with
      Executive’s consulting work for Employer during such period. All references to
      Executive’s employment period in Sections 8 and 9 of this Employment Agreement
      shall be deemed to include the Independent Contractor Period.

     

    ACCEPTED
      AND AGREED.

     

    GREEN
      SCREEN INTERACTIVE

    SOFTWARE,
      LLC

    

    
      	
              By:

            	
              /s/
                Ryan Brant    

            
	 	
              Ryan
                Brant

            
	 	
              Chairman

            

    

    

    
      	
              /s/
                David J. Fremed

            
	
              David
                J. Fremed

            

    

    
      
        
        

      

      
        6AMENDMENT
      NUMBER ONE 

    TO
      THE
      JUNE 4, 2007 DAVID FREMED EMPLOYMENT AGREEMENT

    

    This
      amendment number one (“Amendment
      1”),
      effective as of August 8, 2008 (the “Amendment
      1 Effective
      Date”),
      amends the Employment Agreement dated June 4, 2007 between Green Screen
      Interactive Software, Inc. (f/k/a Green Screen Interactive Software, LLC)
      (“Green
      Screen”)
      and
      David Fremed, in full force and effect as of the date hereof (the “Employment
      Agreement”).
      This
      Amendment 1, when fully executed, shall constitute the further understanding
      between the parties with respect to the Employment Agreement, as
      follows:

    

    The
      last
      sentence of Section 4 (a) of the Employment Agreement is hereby deleted.

    

    Except
      as
      expressly or by necessary implication modified or amended by this Amendment
      1,
      the terms of the Employment Agreement are hereby ratified and confirmed without
      limitation or exception. Capitalized terms used in this Amendment 1 and not
      otherwise defined shall have the same meaning ascribed to them as set forth
      in
      the Employment Agreement.

    

    The
      parties hereto have executed this Amendment 1, which shall be effective as
      of
      the Amendment 1 Effective Date.

    

    
      	
              Green
                Screen Interactive Software,
                Inc.

            	 	
              David
                Fremed

            
	 	 	 
	 	 	 	 
	
              By:

            	
              /s/
                Mark Seremet

            	 	
              /s/
                David J. Fremed

            
	 	 	 	 
              
	
              Name:
                

            	
              Mark
                Seremeet

            	 	 
              
	 
              	 
              	 	 
	
              Title:

            	
              President

            	 	 

    

     

    
      
        
        

      

      
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