Document:

EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT ("Agreement") is made by and between PSI Corp., a duly
      organized Nevada corporation (“Employer”), and Joseph Abbo, a resident of the
      State of Ohio (“Employee”).

    

    WITNESSETH:

    

    WHEREAS,
      Employer is in need of persons with experience at the executive level in
      developing, organizing and managing operational strategies in the self service
      industry; and

    

    WHEREAS,
      Employee has a substantial amount of the operations experience needed by
      Employer; and

    

    WHEREAS,
      Employee is willing to be employed by Employer, and Employer is willing to
      employ Employee, on the terms, covenants and conditions hereinafter set forth;
      and

    

    WHEREAS,
      Employer and its affiliates have accumulated valuable and confidential
      information, including, without limitation, trade secrets and know-how relating
      to technology, equipment, marketing plans, acquisition plans, sources of supply,
      business strategies and other business records; and

    

    WHEREAS,
      the giving of the covenants contained herein is a condition precedent to the
      employment of Employee by Employer and Employee acknowledges that the execution
      of this Agreement and the entering into of these covenants is an express
      condition of his employment by Employer and that said covenants are given in
      consideration for such employment and the other benefits conferred upon him
      by
      this Agreement; and

    

    NOW,
      THEREFORE, in consideration of such employment and other valuable consideration,
      the receipt and adequacy of which is hereby acknowledged, Employer and Employee
      hereby agree as follows:

    

    SECTION
      I. EMPLOYMENT OF EMPLOYEE

     

    Employer
      hereby employs, engages and hires Employee as Chief Operations Office of PSI
      Corporations, and Employee hereby accepts and agrees to such hiring, engagement
      and employment, subject to the direct supervision and direction of the President
      and CEO of Employer, as well as the general supervision of the Board of
      Directors of Employer. Employee shall perform duties as are customarily
      performed by one holding such position in other, same or similar businesses
      or
      enterprises as that engaged in by Employer, and shall also additionally render
      such other and unrelated services and duties as may be assigned to him from
      time
      to time by Employer.

    

    SECTION
      II. EMPLOYEE’S PERFORMANCE

     

    Employee
      hereby agrees that he will, at all times, faithfully, industriously and to
      the
      best of his ability, experience and talents, perform all of the duties that
      may
      be required of and from him pursuant to the express and implicit terms hereof,
      to the reasonable satisfaction of Employer.

    

    SECTION
      III. COMPENSATION OF EMPLOYEE

     

    Employer
      shall pay Employee, and Employee shall accept from Employer, in full payment
      for
      Employee's services hereunder, compensation as follows:

    

    
      	A.       
                 	
              Salary.
                Employee shall be paid a salary of $160,000 per year, which salary
                shall
                be payable in equal installments on the 1st and 15th days of each
                calendar
                month, in arrears, subject to deduction of all lawful and required
                withholding. Employer may, in its sole discretion, for any payment
                period
                hereunder, elect to pay up to 100% of Employee’s salary in shares of
                Employer’s $.0001 par value Common Stock. Any such shares issued to
                Employee shall be valued as follows: each share of Employer Common
                Stock
                shall be issued at a per share price identified by the company on
                the
                first of each month. The compensation due Employee shall be divided
                by the
                per share value of Employer’s Common Stock, as determined by the
                foregoing, to determine the number of shares owed
                Employee.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	B.          	
              Insurance
                and Other Benefits. As further consideration for the covenants contained
                herein, Employer will provide Employee with such insurance, welfare,
                sick
                leave and other benefits as may be established by Employer from time
                to
                time with respect to its employees in accordance with Employer’s
                established procedures. 

            

    

    

    
      	C.          	
              Other
                Compensation Plans. Employee shall be entitled to participate, to
                the same
                extent as is provided to other persons employed by Employer, in any
                future
                stock bonus plan, stock option plan or employee stock ownership plan
                of
                Employer.

            

    

    

    
      	D.          	
              Expenses.
                It is acknowledged that, during the term of employment, Employee
                will be
                required to incur ordinary and necessary business expenses on behalf
                of
                Employer in connection with the performance of his duties hereunder.
                Employer shall reimburse Employee promptly the amount of all such
                expenses
                upon presentation of itemized vouchers or other evidence of those
                expenditures. Any single expense item in excess of $1,000.00 shall
                be
                approved by Employer prior to the incurrence of such
                expense.

            

    

    

    
      	E.          	
              Vacations.
                Employee shall be entitled to two (2) weeks paid vacation each year
                for
                the term of this Agreement. Such vacations shall be taken at such
                times as
                Employer designates as to time-of-year. Vacation time can be accumulated
                year-to-year up to three years
                maximum.

            

    

    

    SECTION
      IV. COMPANY POLICIES

     

    Employee
      agrees to abide by the policies, rules, regulations or usages applicable to
      Employee as established by Employer from time to time and provided to Employee
      in writing.

    

    SECTION
      V. CONFIDENTIALITY AGREEMENT; NON-COMPETITION AGREEMENT

     

    
      	A.          	
              In
                consideration of Employer’s executing this Agreement, Employee shall have
                executed, prior to the execution of this Agreement, a Confidentiality
                Agreement (the “Confidentiality Agreement”), in the form attached hereto
                as Exhibit “A”.

            

    

    

    
      	B.          	
              In
                consideration of Employer’s executing this Agreement, Employee agrees,
                effective as of the date hereof, to sign and be bound by the obligations
                of an Agreement Not to Compete (the “Non-Competition Agreement”), in the
                form attached hereto as Exhibit
“B”.

            

    

    

    
      	C.          	
              The
                obligations under the Confidentiality Agreement and the Non-Competition
                Agreement shall survive the termination of this
                Agreement.

            

    

    

    SECTION
      VI. TERM AND TERMINATION

     

    
      	A.          	
              Term.
                The term of this Agreement shall be a period of twenty-four (24)
                months,
                commencing on the date hereof. 

            

    

    

    
      	B.          	
              Termination.
                Employer agrees not to terminate this Agreement except for "just
                cause",
                and agrees to give Employee written notice of its belief that acts
                or
                events constituting "just cause" exist. Employee has the right to
                cure,
                within thirty (30) days of Employer's giving of such notice, the
                acts,
                events or conditions which led to Employer's notice. For purposes
                of this
                Agreement, "just cause" shall mean (1) the willful failure or refusal
                of
                Employee to implement or follow the written policies or directions
                of
                Employer's Board of Directors, provided that Employee's failure or
                refusal
                is not based upon Employee's belief in good faith, as expressed to
                Employer in writing, that the implementation thereof would be unlawful;
                (2) conduct which is inconsistent with Employee's position with Employer
                and which results in a material adverse effect (financial or otherwise)
                or
                misappropriation of assets of Employer; (3) conduct which violates
                the
                provisions contained in the Confidentiality Agreement or the
                Non-Competition Agreement; (4) the intentional causing of material
                damage
                to Employer's physical property; and (5) any act involving personal
                dishonesty or criminal conduct against
                Employer.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Although
      Employer retains the right to terminate Employee for any reason not specified
      above, Employer agrees that if it discharges Employee for any reason other
      than
      just cause, as is solely defined above, Employee will be entitled to participate
      in all benefit programs, for one year or the remainder of the current term,
      original or renewal, as the case may be, of employment, whichever is
      more.

    

    If
      Employee should cease his employment hereunder voluntarily for any reason,
      or is
      terminated for just cause, all compensation and benefits payable to Employee
      shall thereupon, without any further writing or act, cease, lapse and be
      terminated. However, all defined compensation, benefits and reimbursements
      which
      accrued prior to Employee's ceasing employment or termination, will become
      immediately due and payable and shall be payable to Employee’s estate should his
      employment cease due to death.

    

    SECTION
      VII. COMPLETE AGREEMENT

     

    This
      Agreement contains the complete agreement concerning the employment arrangement
      between the parties hereto and shall, as of the effective date hereof, supersede
      all other agreements between the parties. The parties hereto stipulate that
      neither of them has made any representation with respect to the subject matter
      of this Agreement or any representations including the execution and delivery
      hereof, except such representations as are specifically set forth herein and
      each of the parties hereto acknowledges that he or it has relied on his or
      its
      own judgment in entering into this Agreement. The parties hereto further
      acknowledge that any payments or representations that may have heretofore been
      made by either of them to the other are of no effect and that neither of them
      has relied thereon in connection with his or its dealings with the
      other.

    

    SECTION
      VIII. WAIVER; MODIFICATION

     

    The
      waiver by either party of a breach or violation of any provision of this
      Agreement shall not operate as, or be construed to be, a waiver of any
      subsequent breach hereof. No waiver or modification of this Agreement or of
      any
      covenant, condition or limitation herein contained shall be valid unless in
      writing and duly executed by the party to be charged therewith and no evidence
      of any waiver or modification shall be offered or received in evidence of any
      proceeding or litigation between the parties hereto arising out of, or
      affecting, this Agreement, or the rights or obligations of the parties
      hereunder, unless such waiver or modification is in writing, duly executed
      as
      aforesaid, and the parties further agree that the provisions of this Section
      IX
      may not be waived except as herein set forth.

    

    SECTION
      IX. SEVERABILITY

     

    All
      agreements and covenants contained herein are severable, and in the event any
      one of them, with the exception of those contained in Sections I, III, IV and
      V
      hereof, shall be held to be invalid in any proceeding or litigation between
      the
      parties, this Agreement shall be interpreted as if such invalid agreements
      or
      covenants were not contained herein.

    

    SECTION
      X. NOTICES

     

    Any
      and
      all notices will be sufficient if furnished in writing, sent by registered
      mail
      to his last known residence, in case of Employee, or, in case of Employer,
      to
      its principal office address.

    

    SECTION
      XI. CORPORATE AUTHORITY OF EMPLOYER

     

    The
      execution of this Agreement by Employer has been approved by the Board of
      Directors of Employer.

    

    SECTION
      XII. REPRESENTATIONS OF EMPLOYEE

     

    
      	A.          	
              Employee
                hereby represents to Employer that he is under no legal disability
                with
                respect to his entering into this
                Agreement.

            

    

    

    
      	B.          	
              Receipt
                of Disclosure. Employee hereby represents and warrants that he has
                received and reviewed (1) Employer’s Annual Reports on Form 10-KSB, as
                filed with the SEC, (2) Employer’s Quarterly Reports on Form 10-QSB, as
                filed with the SEC, (3) Employer’s Current Reports on Form 8-K, as amended
                and as filed with the SEC,. With respect to such information, Employee
                further represents and warrants that he has had an opportunity to
                ask
                questions of, and to receive answers from, the officers of
                Employer.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	C.          	
              Representations
                Relating to Employer Common Stock. Employee represents and warrants
                to
                Employer that the shares of Employer common stock being acquired
                pursuant
                to this Employment Agreement are being acquired for his own account
                and
                for investment and not with a view to the public resale or distribution
                of
                such shares and further acknowledges that the shares being issued
                have not
                been registered under the Securities Act or any state securities
                law and
                are “restricted securities”, as that term is defined in Rule 144
                promulgated by the SEC, and must be held indefinitely, unless they
                are
                subsequently registered or an exemption from such registration is
                available.

            

    

    

    
      	D.          	
              Consent
                to Legend. Employee consents to the placement of a legend restricting
                future transfer on the share certificates representing the Employer
                common
                stock delivered hereunder, which legend shall be in the following,
                or
                similar, form:

            

    

    

    “THE
      STOCK REPRESENTED BY THIS CERTIFICATE HAS BEEN ISSUED IN RELIANCE UPON THE
      EXEMPTION FROM REGISTRATION AFFORDED BY SECTION 4(2) OF THE SECURITIES ACT
      OF
      1933, AS AMENDED. THE STOCK MAY NOT BE TRANSFERRED WITHOUT REGISTRATION EXCEPT
      IN TRANSACTIONS EXEMPT FROM SUCH REGISTRATION.”

    

    SECTION
      XIII. COUNTERPARTS

     

    This
      Agreement may be executed in duplicate counterparts, each of which shall be
      deemed an original and, together, shall constitute one and the same agreement,
      with one counterpart being delivered to each party hereto.

    

    SECTION
      XIV. BENEFIT

     

    The
      provisions of this Agreement shall extend to the successors, surviving
      corporations and assigns of Employer and to any purchaser of substantially
      all
      of the assets and business of Employer. The term "Employer" shall be deemed
      to
      include Employer, any joint venture, partnership, limited liability company,
      corporation or other juridical entity, in which Employer shall have an interest,
      financial or otherwise.

    

    SECTION
      XV. ARBITRATION

     

    The
      parties agree that any dispute arising between them related to this Agreement
      or
      the performance hereof shall be submitted for resolution to the American
      Arbitration Association for arbitration in the Denver, Colorado, office of
      the
      Association under the then-current rules of arbitration. The Arbitrator or
      Arbitrators shall have the authority to award to the prevailing party its
      reasonable costs and attorneys fees. Any award of the Arbitrators may be entered
      as a judgment in any court competent jurisdiction.

    

    Notwithstanding
      the provisions contained in the foregoing paragraph, the parties hereto agree
      that Employer may, at its election and without delivering the notice to Employee
      required in Section VI(B) hereof, seek injunctive or other equitable relief
      from
      a court of competent jurisdiction for a violation or violations by Employee
      of
      the Confidentiality Agreement or the Non-Competition Agreement.

    

    SECTION
      XVI. LEGAL REPRESENTATION

     

    Employer
      and Employee both acknowledge that each has utilized separate legal counsel
      with
      respect to this Agreement. Specifically, Employee acknowledges that the law
      firm
      of Christopher Brenner has drafted this Agreement on behalf of Employer.
EMPLOYEE
      IS ADMONISHED TO SEEK HIS OWN LEGAL COUNSEL.

    

    SECTION
      XVII. GOVERNING LAW

     

    It
      is the
      intention of the parties hereto that this Agreement and the performance
      hereunder and all suits and special proceedings hereunder be construed in
      accordance with and under and pursuant to the laws of the State of Colorado,
      and
      that, in any action, special proceeding or other proceeding that may be brought
      arising out of, in connection with or by reason of this Agreement, the laws
      of
      the State of Colorado shall be applicable and shall govern to the exclusion
      of
      the law of any other forum, without regard to the jurisdiction in which any
      such
      action or special proceeding may be instituted.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      17th day of September, 2006.

    

    

     

    

    

     

    
      	 	Friendlyway
              Corp
	 	 	 
	 	By:	
              /s/
                Kenneth J. Upcraft

            
	 	 	
              Kenneth
                J. Upcraft

            
	 	 	
              President
                and CEO

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
              /s/
                Joseph Abbo

            
	 	 	
              Joseph
                Abbo

            

    

      

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    

    

    

    

    Exhibit
      “A”

    

    Confidentiality
      Agreement

    

    

    

    

    

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    September
      17, 2006

    

    

    PSI
      Corp.

    7222
      Commerce Center Drive, Suite 240

    Colorado
      Springs, Colorado 80919

    

    
      	 	
              Re:
                

            	
              Confidentiality
                Agreement

            

    

    

    Gentlemen:

    

    In
      connection with the execution of an employment agreement (the “Employment
      Agreement”) between the undersigned and PSI Corp. (together with affiliates, the
“Company”), the Company will furnish to the undersigned certain information
      concerning its business, financial position, operations, business contacts,
      assets and liabilities. As a condition to such information’s being furnished to
      the undersigned and as a condition to the undersigned’s entering into an
      employment agreement with the Company, the undersigned agrees to treat any
      information concerning the Company (whether prepared by the Company, its
      advisors, or otherwise, and irrespective of the form of communication) which
      is
      furnished to the undersigned now or in the future by or on behalf of the Company
      (together with the material described below, herein collectively referred to
      as
      the “Confidential Material”) in accordance with the provisions of this letter
      agreement, and to take or abstain from taking certain other actions hereinafter
      set forth.

    

    The
      undersigned understands that the term “Confidential Material” also includes all
      notes, analysis, compilations, studies, interpretations or other documents
      prepared by the Company or its representatives which contain, reflect or are
      based upon, in whole or in part, the information furnished to the undersigned.
      The term “Confidential Material” does not include information which (A) is or
      becomes generally available to the public other than as a result of a disclosure
      by the undersigned, or (B) was lawfully within the undersigned’s possession
      prior to its being furnished to the undersigned by or on behalf of the Company,
      provided that the source of such information was not known by the undersigned
      to
      be bound by a confidentiality agreement with, or other contractual, legal or
      fiduciary obligation of confidentiality to, the Company or any other party
      with
      respect to such information, or (C) is disclosed to the undersigned by a third
      party, provided that such third party was not known by the undersigned to be
      bound by a confidentiality agreement with, or other contractual, legal or
      fiduciary obligation of confidentiality to, the Company or any other party
      with
      respect to such information.

    

    The
      undersigned hereby agrees that he will use the Confidential Material solely
      in
      connection with the undersigned’s performance of his duties under the employment
      agreement, that the Confidential Material will be kept confidential and that
      the
      undersigned will not disclose any of the Confidential Material in any manner
      whatsoever. 

    

    The
      undersigned hereby agrees that he shall not reverse engineer, reverse assemble
      or otherwise attempt to recreate or duplicate any model or working model capable
      of performing the functions of any portion or all of the Company’s Wireless
      Internet access system included in the Confidential Material.

    

    In
      the
      event that the undersigned is requested or required (by oral questions,
      interrogatories, requests for information or documents in legal proceedings,
      subpoena, civil investigative demand or other similar process) to disclose
      any
      of the Confidential Material, the undersigned will provide the Company with
      prompt written notice of any such request or requirement so that the Company
      may
      seek a protective order or other appropriate remedy and/or waive compliance
      with
      the provisions of this letter agreement. If, in the absence of a protective
      order or other remedy or the receipt of a waiver by the Company, the undersigned
      is, nonetheless, in the opinion of counsel, legally compelled to disclose
      Confidential Material, the undersigned may, without liability hereunder,
      disclose only that portion of the Confidential Material specifically required
      by
      an order of Court. Additionally, the undersigned shall make every reasonable
      effort and take every reasonable action, including, without limitation, by
      cooperating with the Company, to obtain an appropriate protective order or
      other
      reliable assurance that confidential treatment will be accorded the Confidential
      Material.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Upon
      termination of the Employment Agreement or at any time upon the request of
      the
      Company, the undersigned will promptly deliver to the Company or certify
      destruction of, at the Company’s direction, all Confidential Material (and all
      copies thereof) furnished to the undersigned by or on behalf of the Company
      pursuant hereto. All oral Confidential Material provided to the undersigned
      shall continue to be held confidential hereunder. Notwithstanding the return
      or
      destruction of the Confidential Material, the undersigned will continue to
      be
      bound by obligations of confidentiality hereunder.

    

    The
      undersigned agrees that the Company, without prejudice to any rights to judicial
      relief he may otherwise have, shall be entitled to equitable relief, including
      injunctive relief and specific performance, in the event of any breach of the
      provisions of this letter agreement and that the undersigned will not oppose
      the
      granting of such relief. The undersigned also agrees that he will not seek
      and
      agrees to waive any requirement for the securing and posting of a bond in
      connection with the Company’s seeking or obtaining such relief. In the event of
      litigation relating to this letter agreement, if a court of competent
      jurisdiction determines that the undersigned has breached this letter agreement,
      then the undersigned will be liable to pay to the Company the reasonable legal
      fees incurred in connection with such litigation, including any appeal
      therefrom. Also, in the event a court of competent jurisdiction determines
      that
      the undersigned has not breached this letter agreement, then the Company will
      be
      liable to pay to the undersigned the reasonable legal fees incurred in
      connection with such litigation, including any appeal therefrom.

    

    This
      letter agreement is for the benefit of the Company, and shall be construed
      (both
      as to validity and performance) and enforced in accordance with, and governed
      by, the laws of the State of Colorado applicable to agreements made and to
      be
      performed wholly within such jurisdiction. This letter agreement shall remain
      in
      full force and effect until the earlier of the date that is three years from
      the
      termination of the undersigned’s employment by the Company or the date that this
      agreement is terminated by the Company.

    

    Please
      confirm your agreement with the foregoing by signing and returning one copy
      of
      this letter to the undersigned whereupon this letter agreement shall become
      a
      binding agreement.

    

    
      	 	
              Very
                truly yours,

            
	 	 
	 	 
	 	
              /s/
                Kenneth J. Upcraft

            
	 	
              Kenneth
                J. Upcraft

            
	 	
              President
                and CEO

            
	
              AGREED
                AND ACCEPTED as

            	 
	
              of
                the date first written above:

            	 
	 	 
	 	 
	 	 
	
              By:
                /s/ Joseph Abbo

            	 
	
              Joseph
                Abbo

            	 

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    

    

    

    Exhibit
      “B”

    

    Agreement
      Not to Compete

     

     

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    AGREEMENT
      NOT TO COMPETE

    

    THIS
      AGREEMENT NOT TO COMPETE is entered into by and between PSI Corp., a Nevada
      corporation (“Employer”), and Joseph Abbo (“Employee”).

    

    WHEREAS,
      Employee is employed by Employer as Chief Operations Officer, pursuant to an
      employment agreement (the “Employment Agreement”); and

    

    WHEREAS,
      as a condition to such employment, Employee has agreed to sign and be bound
      by
      this Agreement Not to Compete; and

    

    NOW,
      THEREFORE, the parties agree as follows:

    

    Section
      1. Covenant Not to Compete. Employee acknowledges that, as a key management
      employee of Employer, Employee will be involved, on a high level, in the
      development, implementation and management of the national and international
      business strategies and plans of Employer, which shall consist of Employer
      and
      such other business units, divisions, subsidiaries or other entities of Employer
      as Employer shall determine in its sole discretion from time to time. By virtue
      of Employee’s unique and sensitive position and special background, employment
      of Employee by a competitor of Employer represents a serious competitive danger
      to Employer, and the use of Employee’s talent and knowledge and information
      about Employer’s business, strategies and plans can and would constitute a
      valuable competitive advantage over Employer. In view of the foregoing, Employee
      covenants and agrees that, if (i) Employee’s employment with Employer is
      terminated for just cause or (ii) if Employee voluntarily resigns from his
      employment with Employer, then, for a period of one year after the date of
      such
      termination, Employee will not engage or be engaged as, in any capacity,
      directly or indirectly, including, but not limited to, employee, agent,
      consultant, manager, executive, owner or stockholder (except as a passive
      investor holding less than 5% equity interest in any enterprise the securities
      of which are publicly traded) in any business entity engaged in competition
      with
      any business conducted by Employer relating to the digital signage industry,
      financial kiosk industry, digital signage marketing or marketing of financial
      kiosk systems and/or digital advertising on the date of termination. Business
      entities that are strictly engaged in ATM deployment, repair, sale, design,
      etc., and/or in non-competitive verticals and business lines, are exempt from
      provision. Employee further agrees that, if his employment shall cease pursuant
      to the change-in-control provision of the Employment Agreement, then, for so
      long thereafter as Employee shall receive compensation under the Employment
      Agreement, Employee shall not engage in the activities prohibited by the
      preceding sentence. This Agreement Not to Compete shall survive the termination
      or expiration of the Employment Agreement. If any court determines that this
      Agreement Not to Compete, or any part hereof, is unenforceable because the
      duration or geographic scope of such provision, such court shall have the power
      to reduce the duration or scope of such provision, as the case may be, and,
      in
      its reduced form, such provision shall then be enforceable.

    

    For
      purposes of this Agreement, “just cause” shall have the same meaning as set
      forth in Section VII (B) of the Employment Agreement of even date between the
      parties.

    

    Section
      2. Continuing Obligations. Employee agrees that, for one year following (i)
      his
      termination of employment with Employer for just cause or (ii) his resignation
      as an employee of Employer, Employee shall keep Employer informed of the
      identification of Employee’s employer and the nature of such employment or of
      Employee’s self-employment. Employer agrees that, within fifteen days after
      receiving notice pursuant to this Section 2 of the identification of the
      prospective employer, the nature of the employment or self-employment or any
      change therein, Employer will advise Employee as to whether such employment
      constitutes a violation of Section 1 hereof. Section 3. Injunctive Relief.
      Employee acknowledges that the violation of the covenants contained in this
      Agreement would be detrimental and cause irreparable injury to Employer and
      its
      affiliates which could not be compensated by money damages. Employee agrees
      that
      an injunction from a court of competent jurisdiction is the appropriate remedy
      for these provisions, and consents to the entry of an appropriate judgment
      enjoining Employee from violating these provisions in the event there is a
      find
      of their breach.

    

    Section
      4. Severability of Covenants. Each of the covenants contained in this Agreement
      are independent covenants, which may be available to or relied upon by Employer
      and its affiliates in any court of competent jurisdiction. If any one of the
      separate and independent covenants shall be deemed to be unenforceable under
      the
      laws of any state of competent jurisdiction, each of the remaining covenants
      shall not be affected thereby. Notwithstanding the provisions of this Section
      4,
      it is understood that every benefit received by Employee by virtue of this
      Agreement is consideration for each separate covenant contained
      herein.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      5. Governing Law. This Agreement shall be governed by the laws of the State
      of
      Colorado.

    

    Section
      6. Other Remedies. The undertakings herein shall not be construed as any
      limitation upon the remedies

    Employer
      might, in the absence of this Agreement, have at law or in equity.

    

    INTENDING
      to be legally bound hereby, Employer and Employee hereby duly execute this
      Agreement Not to Compete as of the date indicated below.

    

    

    
      	 	 	PSI
              CORP.
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
              Date:
                September 17, 2006

            	 	By:	
              /s/
                Kenneth J. Upcraft

            
	 	 	 	
              Kenneth
                J. Upcraft

            
	 	 	 	
              President
                and CEO

            
	 	 	 	 
	 	 	 	 
	 	 	 	 
	
              Date:
                September 17, 2006

            	 	 	
              /s/
                Joseph Abbo

            
	 	 	 	
              Joseph
                AbboEMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT ("Agreement") is made by and between Friendlyway Corp.,
      a
      duly organized Nevada corporation (“Employer”), and Adam Self, a resident of the
      State of California (“Employee”).

    

    WITNESSETH:

    

    WHEREAS,
      Employer is in need of persons with experience at the executive level in
      developing, organizing and managing IT strategies including product hardware
      and
      software in the telecommunications industry; and

    

    WHEREAS,
      Employee has a substantial amount of the IT and network experience needed by
      Employer; and

    

    WHEREAS,
      Employee is willing to be employed by Employer, and Employer is willing to
      employ Employee, on the terms, covenants and conditions hereinafter set forth;
      and

    

    WHEREAS,
      Employer and its affiliates have accumulated valuable and confidential
      information, including, without limitation, trade secrets and know-how relating
      to technology, equipment, marketing plans, acquisition plans, sources of supply,
      business strategies and other business records; and

    

    WHEREAS,
      the giving of the covenants contained herein is a condition precedent to the
      employment of Employee by Employer and Employee acknowledges that the execution
      of this Agreement and the entering into of these covenants is an express
      condition of his employment by Employer and that said covenants are given in
      consideration for such employment and the other benefits conferred upon him
      by
      this Agreement; and

    

    NOW,
      THEREFORE, in consideration of such employment and other valuable consideration,
      the receipt and adequacy of which is hereby acknowledged, Employer and Employee
      hereby agree as follows:

    

    SECTION
      I. EMPLOYMENT OF EMPLOYEE

     

    Employer
      hereby employs, engages and hires Employee as Chief Information Officer, and
      Employee hereby accepts and agrees to such hiring, engagement and employment,
      subject to the direct supervision and direction of the President and CEO of
      Employer, as well as the general supervision of the Board of Directors of
      Employer. Employee shall perform duties as are customarily performed by one
      holding such position in other, same or similar businesses or enterprises as
      that engaged in by Employer, and shall also additionally render such other
      and
      unrelated services and duties as may be assigned to him from time to time by
      Employer.

    

    SECTION
      II. EMPLOYEE’S PERFORMANCE

     

    Employee
      hereby agrees that he will, at all times, faithfully, industriously and to
      the
      best of his ability, experience and talents, perform all of the duties that
      may
      be required of and from him pursuant to the express and implicit terms hereof,
      to the reasonable satisfaction of Employer.

    

    SECTION
      III. COMPENSATION OF EMPLOYEE

     

    Employer
      shall pay Employee, and Employee shall accept from Employer, in full payment
      for
      Employee's services hereunder, compensation as follows:

    

    
      	A.           
              	
              Salary.
                Employee shall be paid a salary of $100,000 per year, which salary
                shall
                be payable in equal installments on the 1st and 15th days of each
                calendar
                month, in arrears, subject to deduction of all lawful and required
                withholding. Employer may, in its sole discretion, for any payment
                period
                hereunder, elect to pay up to 100% of Employee’s salary in shares of
                Employer’s $.0001 par value Common Stock. Any such shares issued to
                Employee shall be valued as follows: each share of Employer Common
                Stock
                shall be issued at a per share price identified by the company on
                the
                first of each month. The compensation due Employee shall be divided
                by the
                per share value of Employer’s Common Stock, as determined by the
                foregoing, to determine the number of shares owed
                Employee.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	B.           	
              Insurance
                and Other Benefits. As further consideration for the covenants contained
                herein, Employer will provide Employee with such insurance, welfare,
                sick
                leave and other benefits as may be established by Employer from time
                to
                time with respect to its employees in accordance with Employer’s
                established procedures. 

            

    

    

    
      	C.           	
              Other
                Compensation Plans. Employee shall be entitled to participate, to
                the same
                extent as is provided to other persons employed by Employer, in any
                future
                stock bonus plan, stock option plan or employee stock ownership plan
                of
                Employer.

            

    

    

    
      	D.           	
              Expenses.
                It is acknowledged that, during the term of employment, Employee
                will be
                required to incur ordinary and necessary business expenses on behalf
                of
                Employer in connection with the performance of his duties hereunder.
                Employer shall reimburse Employee promptly the amount of all such
                expenses
                upon presentation of itemized vouchers or other evidence of those
                expenditures. Any single expense item in excess of $1,000.00 shall
                be
                approved by Employer prior to the incurrence of such
                expense.

            

    

    

    
      	E.           	
              Vacations.
                Employee shall be entitled to two (2) weeks paid vacation each year
                for
                the term of this Agreement. Such vacations shall be taken at such
                times as
                Employer designates as to time-of-year. Vacation time can be accumulated
                year-to-year up to three years
                maximum.

            

    

    

    SECTION
      IV. COMPANY POLICIES

     

    Employee
      agrees to abide by the policies, rules, regulations or usages applicable to
      Employee as established by Employer from time to time and provided to Employee
      in writing.

    

    SECTION
      V. CONFIDENTIALITY AGREEMENT; NON-COMPETITION AGREEMENT

     

    
      	A.           	
              In
                consideration of Employer’s executing this Agreement, Employee shall have
                executed, prior to the execution of this Agreement, a Confidentiality
                Agreement (the “Confidentiality Agreement”), in the form attached hereto
                as Exhibit “A”.

            

    

    

    
      	B.           	
              In
                consideration of Employer’s executing this Agreement, Employee agrees,
                effective as of the date hereof, to sign and be bound by the obligations
                of an Agreement Not to Compete (the “Non-Competition Agreement”), in the
                form attached hereto as Exhibit
“B”.

            

    

    

    
      	C.           	
              The
                obligations under the Confidentiality Agreement and the Non-Competition
                Agreement shall survive the termination of this
                Agreement.

            

    

    

    SECTION
      VI. TERM AND TERMINATION

     

    
      	A.           	
              Term.
                The term of this Agreement shall be a period of twenty-four (24)
                months,
                commencing on the date hereof. 

            

    

    

    
      	B.           	
              Termination.
                Employer agrees not to terminate this Agreement except for "just
                cause",
                and agrees to give Employee written notice of its belief that acts
                or
                events constituting "just cause" exist. Employee has the right to
                cure,
                within thirty (30) days of Employer's giving of such notice, the
                acts,
                events or conditions which led to Employer's notice. For purposes
                of this
                Agreement, "just cause" shall mean (1) the willful failure or refusal
                of
                Employee to implement or follow the written policies or directions
                of
                Employer's Board of Directors, provided that Employee's failure or
                refusal
                is not based upon Employee's belief in good faith, as expressed to
                Employer in writing, that the implementation thereof would be unlawful;
                (2) conduct which is inconsistent with Employee's position with Employer
                and which results in a material adverse effect (financial or otherwise)
                or
                misappropriation of assets of Employer; (3) conduct which violates
                the
                provisions contained in the Confidentiality Agreement or the
                Non-Competition Agreement; (4) the intentional causing of material
                damage
                to Employer's physical property; and (5) any act involving personal
                dishonesty or criminal conduct against
                Employer.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Although
      Employer retains the right to terminate Employee for any reason not specified
      above, Employer agrees that if it discharges Employee for any reason other
      than
      just cause, as is solely defined above, Employee will be entitled to participate
      in all benefit programs, for one year or the remainder of the current term,
      original or renewal, as the case may be, of employment, whichever is
      more.

    

    If
      Employee should cease his employment hereunder voluntarily for any reason,
      or is
      terminated for just cause, all compensation and benefits payable to Employee
      shall thereupon, without any further writing or act, cease, lapse and be
      terminated. However, all defined compensation, benefits and reimbursements
      which
      accrued prior to Employee's ceasing employment or termination, will become
      immediately due and payable and shall be payable to Employee’s estate should his
      employment cease due to death.

    

    SECTION
      VII. COMPLETE AGREEMENT

     

    This
      Agreement contains the complete agreement concerning the employment arrangement
      between the parties hereto and shall, as of the effective date hereof, supersede
      all other agreements between the parties. The parties hereto stipulate that
      neither of them has made any representation with respect to the subject matter
      of this Agreement or any representations including the execution and delivery
      hereof, except such representations as are specifically set forth herein and
      each of the parties hereto acknowledges that he or it has relied on his or
      its
      own judgment in entering into this Agreement. The parties hereto further
      acknowledge that any payments or representations that may have heretofore been
      made by either of them to the other are of no effect and that neither of them
      has relied thereon in connection with his or its dealings with the
      other.

    

    SECTION
      VIII. WAIVER; MODIFICATION

     

    The
      waiver by either party of a breach or violation of any provision of this
      Agreement shall not operate as, or be construed to be, a waiver of any
      subsequent breach hereof. No waiver or modification of this Agreement or of
      any
      covenant, condition or limitation herein contained shall be valid unless in
      writing and duly executed by the party to be charged therewith and no evidence
      of any waiver or modification shall be offered or received in evidence of any
      proceeding or litigation between the parties hereto arising out of, or
      affecting, this Agreement, or the rights or obligations of the parties
      hereunder, unless such waiver or modification is in writing, duly executed
      as
      aforesaid, and the parties further agree that the provisions of this Section
      IX
      may not be waived except as herein set forth.

    

    SECTION
      IX. SEVERABILITY

     

    All
      agreements and covenants contained herein are severable, and in the event any
      one of them, with the exception of those contained in Sections I, III, IV and
      V
      hereof, shall be held to be invalid in any proceeding or litigation between
      the
      parties, this Agreement shall be interpreted as if such invalid agreements
      or
      covenants were not contained herein.

    

    SECTION
      X. NOTICES

     

    Any
      and
      all notices will be sufficient if furnished in writing, sent by registered
      mail
      to his last known residence, in case of Employee, or, in case of Employer,
      to
      its principal office address.

    

    SECTION
      XI. CORPORATE AUTHORITY OF EMPLOYER

     

    The
      execution of this Agreement by Employer has been approved by the Board of
      Directors of Employer.

    

    SECTION
      XII. REPRESENTATIONS OF EMPLOYEE

     

    
      	A.           	
              Employee
                hereby represents to Employer that he is under no legal disability
                with
                respect to his entering into this
                Agreement.

            

    

    

    
      	B.           	
              Receipt
                of Disclosure. Employee hereby represents and warrants that he has
                received and reviewed (1) Employer’s Annual Reports on Form 10-KSB, as
                filed with the SEC, (2) Employer’s Quarterly Reports on Form 10-QSB, as
                filed with the SEC, (3) Employer’s Current Reports on Form 8-K, as amended
                and as filed with the SEC,. With respect to such information, Employee
                further represents and warrants that he has had an opportunity to
                ask
                questions of, and to receive answers from, the officers of
                Employer.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    
      	C.           	
              Representations
                Relating to Employer Common Stock. Employee represents and warrants
                to
                Employer that the shares of Employer common stock being acquired
                pursuant
                to this Employment Agreement are being acquired for his own account
                and
                for investment and not with a view to the public resale or distribution
                of
                such shares and further acknowledges that the shares being issued
                have not
                been registered under the Securities Act or any state securities
                law and
                are “restricted securities”, as that term is defined in Rule 144
                promulgated by the SEC, and must be held indefinitely, unless they
                are
                subsequently registered or an exemption from such registration is
                available.

            

    

    

    
      	D.           	
              Consent
                to Legend. Employee consents to the placement of a legend restricting
                future transfer on the share certificates representing the Employer
                common
                stock delivered hereunder, which legend shall be in the following,
                or
                similar, form:

            

    

    

    “THE
      STOCK REPRESENTED BY THIS CERTIFICATE HAS BEEN ISSUED IN RELIANCE UPON THE
      EXEMPTION FROM REGISTRATION AFFORDED BY SECTION 4(2) OF THE SECURITIES ACT
      OF
      1933, AS AMENDED. THE STOCK MAY NOT BE TRANSFERRED WITHOUT REGISTRATION EXCEPT
      IN TRANSACTIONS EXEMPT FROM SUCH REGISTRATION.”

    

    SECTION
      XIII. COUNTERPARTS

     

    This
      Agreement may be executed in duplicate counterparts, each of which shall be
      deemed an original and, together, shall constitute one and the same agreement,
      with one counterpart being delivered to each party hereto.

    

    SECTION
      XIV. BENEFIT

     

    The
      provisions of this Agreement shall extend to the successors, surviving
      corporations and assigns of Employer and to any purchaser of substantially
      all
      of the assets and business of Employer. The term "Employer" shall be deemed
      to
      include Employer, any joint venture, partnership, limited liability company,
      corporation or other juridical entity, in which Employer shall have an interest,
      financial or otherwise.

    

    SECTION
      XV. ARBITRATION

     

    The
      parties agree that any dispute arising between them related to this Agreement
      or
      the performance hereof shall be submitted for resolution to the American
      Arbitration Association for arbitration in the Denver, Colorado, office of
      the
      Association under the then-current rules of arbitration. The Arbitrator or
      Arbitrators shall have the authority to award to the prevailing party its
      reasonable costs and attorneys fees. Any award of the Arbitrators may be entered
      as a judgment in any court competent jurisdiction.

    

    Notwithstanding
      the provisions contained in the foregoing paragraph, the parties hereto agree
      that Employer may, at its election and without delivering the notice to Employee
      required in Section VI(B) hereof, seek injunctive or other equitable relief
      from
      a court of competent jurisdiction for a violation or violations by Employee
      of
      the Confidentiality Agreement or the Non-Competition Agreement.

    

    SECTION
      XVI. LEGAL REPRESENTATION

     

    Employer
      and Employee both acknowledge that each has utilized separate legal counsel
      with
      respect to this Agreement. Specifically, Employee acknowledges that the law
      firm
      of Newlan & Newlan has drafted this Agreement on behalf of Employer.
EMPLOYEE
      IS ADMONISHED TO SEEK HIS OWN LEGAL COUNSEL.

    

    SECTION
      XVII. GOVERNING LAW

     

    It
      is the
      intention of the parties hereto that this Agreement and the performance
      hereunder and all suits and special proceedings hereunder be construed in
      accordance with and under and pursuant to the laws of the State of Colorado,
      and
      that, in any action, special proceeding or other proceeding that may be brought
      arising out of, in connection with or by reason of this Agreement, the laws
      of
      the State of Colorado shall be applicable and shall govern to the exclusion
      of
      the law of any other forum, without regard to the jurisdiction in which any
      such
      action or special proceeding may be instituted.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
      2nd day of August, 2006.

    

    

     

    

    

    
      	 	Friendlyway
              Corp
	 	 	 
	 	By:	
              /s/
                Kenneth J. Upcraft

            
	 	 	
              Kenneth
                J. Upcraft

            
	 	 	
              President
                and CEO

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	
              /s/
                Adam Self

            
	 	 	
              Adam
                Self

            
	 	 	
              Individual

            

    

     

     

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    

    Exhibit
      “A”

    

    Confidentiality
      Agreement

    

    

    

    

    

    

    

    

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    

    

    August
      2,
      2006

    

    

    Friendlyway
      Corp.

    7222
      Commerce Center Drive, Suite 240

    Colorado
      Springs, Colorado 80919

    

    
      	 	
              Re:
                

            	
              Confidentiality
                Agreement

            

    

    

    Gentlemen:

    

    In
      connection with the execution of an employment agreement (the “Employment
      Agreement”) between the undersigned and Friendlyway Corp. (together with
      affiliates, the “Company”), the Company will furnish to the undersigned certain
      information concerning its business, financial position, operations, business
      contacts, assets and liabilities. As a condition to such information’s being
      furnished to the undersigned and as a condition to the undersigned’s entering
      into an employment agreement with the Company, the undersigned agrees to treat
      any information concerning the Company (whether prepared by the Company, its
      advisors, or otherwise, and irrespective of the form of communication) which
      is
      furnished to the undersigned now or in the future by or on behalf of the Company
      (together with the material described below, herein collectively referred to
      as
      the “Confidential Material”) in accordance with the provisions of this letter
      agreement, and to take or abstain from taking certain other actions hereinafter
      set forth.

    

    The
      undersigned understands that the term “Confidential Material” also includes all
      notes, analysis, compilations, studies, interpretations or other documents
      prepared by the Company or its representatives which contain, reflect or are
      based upon, in whole or in part, the information furnished to the undersigned.
      The term “Confidential Material” does not include information which (A) is or
      becomes generally available to the public other than as a result of a disclosure
      by the undersigned, or (B) was lawfully within the undersigned’s possession
      prior to its being furnished to the undersigned by or on behalf of the Company,
      provided that the source of such information was not known by the undersigned
      to
      be bound by a confidentiality agreement with, or other contractual, legal or
      fiduciary obligation of confidentiality to, the Company or any other party
      with
      respect to such information, or (C) is disclosed to the undersigned by a third
      party, provided that such third party was not known by the undersigned to be
      bound by a confidentiality agreement with, or other contractual, legal or
      fiduciary obligation of confidentiality to, the Company or any other party
      with
      respect to such information.

    

    The
      undersigned hereby agrees that he will use the Confidential Material solely
      in
      connection with the undersigned’s performance of his duties under the employment
      agreement, that the Confidential Material will be kept confidential and that
      the
      undersigned will not disclose any of the Confidential Material in any manner
      whatsoever. 

    

    The
      undersigned hereby agrees that he shall not reverse engineer, reverse assemble
      or otherwise attempt to recreate or duplicate any model or working model capable
      of performing the functions of any portion or all of the Company’s Wireless
      Internet access system included in the Confidential Material.

    

    In
      the
      event that the undersigned is requested or required (by oral questions,
      interrogatories, requests for information or documents in legal proceedings,
      subpoena, civil investigative demand or other similar process) to disclose
      any
      of the Confidential Material, the undersigned will provide the Company with
      prompt written notice of any such request or requirement so that the Company
      may
      seek a protective order or other appropriate remedy and/or waive compliance
      with
      the provisions of this letter agreement. If, in the absence of a protective
      order or other remedy or the receipt of a waiver by the Company, the undersigned
      is, nonetheless, in the opinion of counsel, legally compelled to disclose
      Confidential Material, the undersigned may, without liability hereunder,
      disclose only that portion of the Confidential Material specifically required
      by
      an order of Court. Additionally, the undersigned shall make every reasonable
      effort and take every reasonable action, including, without limitation, by
      cooperating with the Company, to obtain an appropriate protective order or
      other
      reliable assurance that confidential treatment will be accorded the Confidential
      Material.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Upon
      termination of the Employment Agreement or at any time upon the request of
      the
      Company, the undersigned will promptly deliver to the Company or certify
      destruction of, at the Company’s direction, all Confidential Material (and all
      copies thereof) furnished to the undersigned by or on behalf of the Company
      pursuant hereto. All oral Confidential Material provided to the undersigned
      shall continue to be held confidential hereunder. Notwithstanding the return
      or
      destruction of the Confidential Material, the undersigned will continue to
      be
      bound by obligations of confidentiality hereunder.

    

    The
      undersigned agrees that the Company, without prejudice to any rights to judicial
      relief he may otherwise have, shall be entitled to equitable relief, including
      injunctive relief and specific performance, in the event of any breach of the
      provisions of this letter agreement and that the undersigned will not oppose
      the
      granting of such relief. The undersigned also agrees that he will not seek
      and
      agrees to waive any requirement for the securing and posting of a bond in
      connection with the Company’s seeking or obtaining such relief. In the event of
      litigation relating to this letter agreement, if a court of competent
      jurisdiction determines that the undersigned has breached this letter agreement,
      then the undersigned will be liable to pay to the Company the reasonable legal
      fees incurred in connection with such litigation, including any appeal
      therefrom. Also, in the event a court of competent jurisdiction determines
      that
      the undersigned has not breached this letter agreement, then the Company will
      be
      liable to pay to the undersigned the reasonable legal fees incurred in
      connection with such litigation, including any appeal therefrom.

    

    This
      letter agreement is for the benefit of the Company, and shall be construed
      (both
      as to validity and performance) and enforced in accordance with, and governed
      by, the laws of the State of Colorado applicable to agreements made and to
      be
      performed wholly within such jurisdiction. This letter agreement shall remain
      in
      full force and effect until the earlier of the date that is three years from
      the
      termination of the undersigned’s employment by the Company or the date that this
      agreement is terminated by the Company.

    

    Please
      confirm your agreement with the foregoing by signing and returning one copy
      of
      this letter to the undersigned whereupon this letter agreement shall become
      a
      binding agreement.

    

    
      	 	
              Very
                truly yours,

            
	 	 
	 	 
	 	
              /s/
                Adam Self

            
	 	
              Adam
                Self

            
	 	
              Individual

            
	
              AGREED
                AND ACCEPTED as

            	 
	
              of
                the date first written above:

            	 
	 	 
	
              FRIENDLYWAY
                CORP.

            	 
	 	 
	
              By:
                /s/ Kenneth J. Upcraft

            	 
	
              Kenneth
                J. Upcraft

            	 
	
              President
                and CEO

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    

    

    

    Exhibit
      “B”

    

    Agreement
      Not to Compete

     

     

     

     

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    AGREEMENT
      NOT TO COMPETE

    

    THIS
      AGREEMENT NOT TO COMPETE is entered into by and between Friendlyway Corp.,
      a
      Nevada corporation (“Employer”), and Adam Self (“Employee”).

    

    WHEREAS,
      Employee is employed by Employer as Chief Information Officer, pursuant to
      an
      employment agreement (the “Employment Agreement”); and

    

    WHEREAS,
      as a condition to such employment, Employee has agreed to sign and be bound
      by
      this Agreement Not to Compete; and

    

    NOW,
      THEREFORE, the parties agree as follows:

    

    Section
      1. Covenant Not to Compete. Employee acknowledges that, as a key management
      employee of Employer, Employee will be involved, on a high level, in the
      development, implementation and management of the national and international
      business strategies and plans of Employer, which shall consist of Employer
      and
      such other business units, divisions, subsidiaries or other entities of Employer
      as Employer shall determine in its sole discretion from time to time. By virtue
      of Employee’s unique and sensitive position and special background, employment
      of Employee by a competitor of Employer represents a serious competitive danger
      to Employer, and the use of Employee’s talent and knowledge and information
      about Employer’s business, strategies and plans can and would constitute a
      valuable competitive advantage over Employer. In view of the foregoing, Employee
      covenants and agrees that, if (i) Employee’s employment with Employer is
      terminated for just cause or (ii) if Employee voluntarily resigns from his
      employment with Employer, then, for a period of one year after the date of
      such
      termination, Employee will not engage or be engaged as, in any capacity,
      directly or indirectly, including, but not limited to, employee, agent,
      consultant, manager, executive, owner or stockholder (except as a passive
      investor holding less than 5% equity interest in any enterprise the securities
      of which are publicly traded) in any business entity engaged in competition
      with
      any business conducted by Employer on the date of termination. Employee further
      agrees that, if his employment shall cease pursuant to the change-in-control
      provision of the Employment Agreement, then, for so long thereafter as Employee
      shall receive compensation under the Employment Agreement, Employee shall not
      engage in the activities prohibited by the preceding sentence. This Agreement
      Not to Compete shall survive the termination or expiration of the Employment
      Agreement. If any court determines that this Agreement Not to Compete, or any
      part hereof, is unenforceable because the duration or geographic scope of such
      provision, such court shall have the power to reduce the duration or scope
      of
      such provision, as the case may be, and, in its reduced form, such provision
      shall then be enforceable.

    

    For
      purposes of this Agreement, “just cause” shall have the same meaning as set
      forth in Section VII (B) of the Employment Agreement of even date between the
      parties.

    

    Section
      2. Continuing Obligations. Employee agrees that, for one year following (i)
      his
      termination of employment with Employer for just cause or (ii) his resignation
      as an employee of Employer, Employee shall keep Employer informed of the
      identification of Employee’s employer and the nature of such employment or of
      Employee’s self-employment. Employer agrees that, within fifteen days after
      receiving notice pursuant to this Section 2 of the identification of the
      prospective employer, the nature of the employment or self-employment or any
      change therein, Employer will advise Employee as to whether such employment
      constitutes a violation of Section 1 hereof. Section 3. Injunctive Relief.
      Employee acknowledges that the violation of the covenants contained in this
      Agreement would be detrimental and cause irreparable injury to Employer and
      its
      affiliates which could not be compensated by money damages. Employee agrees
      that
      an injunction from a court of competent jurisdiction is the appropriate remedy
      for these provisions, and consents to the entry of an appropriate judgment
      enjoining Employee from violating these provisions in the event there is a
      find
      of their breach.

    

    Section
      4. Severability of Covenants. Each of the covenants contained in this Agreement
      are independent covenants, which may be available to or relied upon by Employer
      and its affiliates in any court of competent jurisdiction. If any one of the
      separate and independent covenants shall be deemed to be unenforceable under
      the
      laws of any state of competent jurisdiction, each of the remaining covenants
      shall not be affected thereby. Notwithstanding the provisions of this Section
      4,
      it is understood that every benefit received by Employee by virtue of this
      Agreement is consideration for each separate covenant contained
      herein.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    Section
      5. Governing Law. This Agreement shall be governed by the laws of the State
      of
      Colorado.

    

    Section
      6. Other Remedies. The undertakings herein shall not be construed as any
      limitation upon the remedies

    Employer
      might, in the absence of this Agreement, have at law or in equity.

    

    INTENDING
      to be legally bound hereby, Employer and Employee hereby duly execute this
      Agreement Not to Compete as of the date indicated below.

    

    

    
      	 	 	
              FRIENDLYWAY
                CORP.

            
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	
              Date:
                August 2, 2006

            	 	
              By:
                /s/ Kenneth J. Upcraft

            
	 	 	
              Kenneth
                J. Upcraft

            
	 	 	
              President
                and CEO

            
	 	 	 
	 	 	 
	 	 	 
	
              Date:
                August 2, 2006

            	 	
              /s/
                Adam Self

            
	 	 	
              Adam
                Self

            
	 	 	
              Individual

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