Document:

KEY
      EXECUTIVE EMPLOYMENT AGREEMENT

    

    THIS
      KEY EXECUTIVE EMPLOYMENT AGREEMENT
      (the
“Agreement”) is made this 1st day of November, 2005 (the “Effective Date”), by
      and between CYBERDEFENDER CORPORATION, a California Corporation (the “Company”),
      and Riggs Eckelberry, (the “Executive”). 

    

    WHEREAS,
      the
      parties are entering into this Agreement to set forth and confirm their
      respective rights and obligations with respect to the Executive’s employment by
      the Company.

    

    NOW
      THEREFORE,
      in
      consideration of the mutual covenants set forth below, the parties agree as
      follows:

    

    Terms
      & Conditions

    

    
      	
              1.

            	
              Employment.
                Company
                hereby hires Executive as its President and Chief Operating Officer.
                

            

    

    

    
      	
              2.

            	
              Duties.
                Policies. Executive
                agrees to serve as the President and Chief Operating Officer as defined
                in
                Exhibit “A,” attached and incorporated herein by reference, subject to the
                terms set forth in this Agreement. Executive hereby accepts such
                employment on the terms and conditions described herein.
                Executive shall obtain the prior written approval of the Company’s Board
                of Directors (which approval shall not be unreasonably withheld),
                before
                Executive shall be entitled to serve as director on the governing
                boards
                of other for-profit or not-for-profit entities and to retain any
                compensation and benefits resulting from such service, so long as
                such
                service does not unduly interfere with his duties and obligations
                under
                this Agreement.

            

    

    

    
      	
              3.

            	
              Standard
                of Performance. Executive
                shall at all times faithfully and industriously and to the best of
                Executive’s ability, experience, and talents perform all of the duties
                that may be required of Executive and as may be assigned to Executive
                from
                time to time by the Board of Directors of the Company consistent
                with the
                terms of this Agreement. Executive shall work on a full-time basis
                for
                Company. Executive agrees that he will transition out of all existing
                third party consulting engagements within 60 days, and thereafter
                have
                advisory roles only. Company recognizes the value to Company of
                Executive’s current and future advisory and networking activities and
                therefore will allow Executive to continue with them so long as there
                is
                no negative impact on Executive’s performance under this Agreement.
                Executive at no time
                shall provide services to competing
                businesses. 

            

    

    

    
      	
              4.

            	
              Term.
                The
                term of Executive’s employment, pursuant to this Agreement, will commence
                on the 1st day of November, 2005 (the “Commencement Date”) and continue
                until the 31st
                day of November,
                2008
                (the “End Date”), or upon termination of this Agreement described in
                Section 7
                below, whichever shall occur first
                (the “Term”).
                This provision is for reference and convenience of the parties to
                this
                Agreement and in no way diminishes the at-will nature of this Agreement.
                

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              5.

            	
              Compensation.
                In
                consideration of all services rendered during the term of this Agreement,
                Company shall pay Executive the amounts described in Exhibit “A”, which is
                attached and incorporated fully by reference herein. Executive will
                receive no additional compensation for serving the Company in any
                other
                capacity, unless by prior written approval of the Board of Directors.
                

            

    

    

    
      	 	
              a.

            	
              Benefits
                and Expenses. Subject
                to Section 7 and upon satisfaction of applicable eligibility requirements,
                Executive shall be entitled to participate in all fringe benefits
                which
                Company may from time to time make generally available to other Executives
                of the Company with comparable responsibilities, subject to the provisions
                of those programs, including but not limited to incentives, bonuses,
                family health, family dental, at home and mobile Internet access,
                cell
                phone, disability, and other plans and programs (collectively “Benefits”)
                as may be offered by Company from time to time. 

            

    

    

    The
      Company shall promptly reimburse Executive, in accordance with the Company’s
      policies and procedures in effect from time to time, for all expenses reasonably
      incurred by Executive in performance of Executive’s duties under this Agreement,
      including reimbursement for miles driven by Executive in furtherance of the
      Company. Any expenses exceeding $1,000 incurred by Executive that are not
      directly and productively related to a company event, project or activity that
      has been authorized by the Company’s Executive Committee must be approved by the
      Company’s Board of Directors.
      Executive is responsible for proper substantiation and reporting of actual
      and
      incurred expenses. Executive may consult with a tax advisor to determine the
      deductibility or taxability of payments made under this section.

    

    
      	 	
              b.

            	
              Stock
                Option Entitlement.
                Executive shall be entitled to stock options in Company as described
                in
                Exhibit “A.” Said entitlement is based upon Executive’s continued
                employment, subject to the provisions of Sections 7 and 8 below,
                during
                the initial term of this Agreement. All stock options granted to
                Executive
                pursuant to this Agreement shall be governed by the terms and conditions
                of the Company’s stock option plan and stock option agreement as approved
                by the Company’s Board of Directors; provided,
                however,
                that to the extent that the terms of said stock option plan or stock
                option agreement shall be inconsistent with or contradict the terms
                of
                this Agreement, then the terms of this Agreement shall
                govern.

            

    

    

    
      	 	
              c.

            	
              Incentive
                Bonus Compensation.
                Executive shall be entitled to bonus compensation as described in
                Exhibit
                “A” based upon achievement of milestones as noted.
                

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              d.

            	
              Vacation.
                Executive
                shall be entitled to vacation time, as defined in Exhibit “A” attached
                hereto and incorporated by reference herein, during each year of
                the term
                of the Agreement. Executive shall take vacations in accordance with
                the
                Company’s policies as they may change from time to time.
                

            

    

    

    
      	
              6.

            	
              Deductions.
                Company
                shall deduct and withhold from all compensation payable to Executive
                all
                amounts required to be deducted or withheld pursuant to any present
                or
                future federal, state, or local law, ordinance, regulation, order,
                writ,
                judgment, or decree requiring such deduction or
                withholding.

            

    

    

    
      	
              7.

            	
              Termination.
                This
                Agreement and Executive’s employment by Company may be terminated by
                either party prior to the end of the initial term (or any renewal
                period)
                upon thirty (30) days’ prior written notice to the other party, with
                termination date effective upon the lapse of thirty (30) days from
                the
                receipt of notice of intent to terminate (the “Effective Termination
                Date”). Executive’s employment may be terminated (i) upon any Change of
                Control as described in Subsection (a) below; (ii) Executive’s death or
                disability as described in Subsection (b) below; (iii) for any reason
                other than for cause or non-performance at any time; or (iv) for
                cause, as
                defined in Subsection (c) below. 

            

    

    

    
      	 	
              a.

            	
              Change
                of Control. All
                stock or stock option grants to Executive shall automatically vest
                upon a
                Change of Control. The term “Change of Control” shall mean (i)
                the sale to a third party of all or substantially all of the assets
                of the
                Company, or (ii) the transfer to a third party of fifty percent (50%)
                or
                more of the outstanding voting power of the
                Company. However,
                the Company’s pending merger with Immunotechnology Corporation shall not
                be deemed to be a Change of Control. Further, severance will be paid
                according to “Post Termination Benefits,” as defined in Exhibit
                “A.” 

            

    

    

    
      	 	
              b.

            	
              Constructive
                Termination.
                The term “Constructive Termination” shall mean (i)
                a change in the position, authority,
                duties,
                responsibilities (including reporting responsibilities) or status
                with the
                Company of the Executive that is inconsistent in any material and
                adverse
                respect with the Executive’s position, authority, duties, responsibilities
                or status with the Company as provided in this Agreement, (ii) an
                adverse
                change in the Executive’s title, (iii) any reduction in salary not agreed
                to by the Executive, (iv) any breach by the Company of any other
                material
                obligation of the Company under this Agreement, (v) any requirement
                by the
                Company to relocate Executive to an office outside
                of a thirty (30) miles radius from Executive’s residence as of the
                Effective Date, (vi) any purported termination by the Company of
                the
                Executive’s employment other than as permitted by this Agreement, or (vii)
                the failure of Executive to be elected or reelected to the Board
                of
                Directors during the Term.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              c.

            	
              Disability.
                Company may terminate Executive's employment if Executive suffers
                a
                disability that renders Executive unable, as determined in good faith
                by
                the Board, to perform the essential functions of the position, even
                with
                reasonable accommodation, for six
                months in any 12-month period. If Executive's employment is terminated
                under this section 7(b),
                Executive shall receive payment for all accrued salary,
                earned and pro rata bonus
                compensation, vacation time, and benefits under Company benefit plans
                through the Termination Date, which for purposes of this section
                shall be
                a date specified by the Board. After the Termination Date, Company
                shall
                not pay to Executive any other compensation or payment of any kind,
                or
                severance, or payment in lieu of notice. All health and dental benefits
                provided shall be extended, at Executive's election and cost, to
                the
                extent permitted by Company's policies and benefit plans, for six
                months
                after Executive's Termination Date, except as required by law (e.g.,
                COBRA
                health insurance continuation election). Except as set forth in the
                preceding sentence, all benefits provided by Company to Executive
                under
                this Agreement or otherwise shall cease on the Termination
                Date.

            

    

    

    
      	 	
              d.

            	
              Cause.
                The
                term “cause” in the event of termination of the Executive employment
                means: (i) the commission of any act of fraud, embezzlement or dishonesty
                by the Executive that is materially and demonstrably injurious to
                the
                Company; or (ii) any act or omission by Executive which constitutes
                a
                material
                default or breach of the terms in this Agreement, including, but
                not
                limited to Sections 9 and
                11.
                In the event the Company desires to terminate Executive for “cause” as
                defined herein, Company shall give Executive written notice of the
                circumstances constituting the termination for “cause” per Section 13,
                below. After receipt of such notice, Executive shall have fifteen
                (15)
                business days to cure the circumstances constituting “cause” to the
                satisfaction of the Company’s Board of Directors, which shall not be
                unreasonably withheld. 

            

    

    

    
      	
              8.

            	
              Consequences
                of Termination. In
                the event of termination as described in Section 7,
                Company
                shall be obligated to make payments and provide benefits accrued
                to the
                Executive within three (3) business days of the Effective Termination
                Date.

            

    

    

    
      	 	
              a.

            	
              Termination
                by Company.

            

    

    

    
      	 	
              i.

            	
              For
                Cause. Upon
                effective termination of Executive by Company for cause, Executive
                is
                entitled to accrued salary, earned and pro rata bonus
                compensation,
                vested stock options and vested benefits. No severance or Post Termination
                Benefits will be paid.

            

    

    

    
      	 	
              ii.

            	
              Without
                Cause.
                Where Company terminates Executive at its sole discretion but
                without cause, Executive
                is entitled to accrued salary,
                earned and pro rata bonus compensation,
                full vesting of all stock and stock options
                (provided that Executive shall have completed no less than one (1)
                year of
                employment),
                and the Post Termination Benefits as the Company has made available
                from
                time to time, specifically as identified in Exhibit “A”
                herein.

            

    

    
    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              b.

            	
              Constructive
                Termination.
                In
                the event of Constructive Termination
                of
                Executive, Executive is entitled to accrued salary, earned and pro
                rata
                bonus compensation, full vesting of all stock and stock options (provided
                that Executive shall have completed no less than one (1) year of
                employment), and the Post Termination Benefits as the Company has
                made
                available from time to time, specifically as identified in Exhibit
“A”
                herein.

            

    

    

    
      	 	
              c.

            	
              Termination
                by Executive.

            

    

    

    
      	 	
              i.

            	
              Voluntary.
                Where
                Executive voluntarily terminates Executive’s employment with Company, for
                any reason other than retirement, death or disability (as defined
                in
                Section 7(b)),
                or
                Constructive Termination, Executive is entitled to accrued unpaid
                salary,
                earned and pro rata bonus compensation,
                vested stock options, and any benefits required by law.
                Any Post Termination Benefits are not available and not payable to
                Executive should Executive terminate employment by reason
                hereof.

            

    

    

    
      	 	
              ii.

            	
              Involuntary.
                Where Executive’s employment is terminated due to retirement, death or
                disability, then the Executive or the Executive’s representative
                (including anyone representing Executive’s interests subsequent to the
                above-mentioned events) is entitled to any accrued unpaid salary,
                earned
                and pro rata bonus compensation, vested stock and stock options,
                and Post
                Termination Benefits, subject to the provisions of Section 7(b),
                above.
                

            

    

    

    
      	
              9.

            	
              Technology
                and Confidential Information.
                Executive is retained by the Company in a capacity in which he may
                generate intellectual property of value to the Company, and under
                conditions in which he shall have access to Confidential Information
                which
                is unique and valuable to the Company and not generally known.
                Accordingly, Executive agrees that:

            

    

    

    
      	 	
              a.

            	
              Definitions.

            

    

    

    
      	 	
              (1)

            	
              The
                term “Intellectual Property” as used in this Agreement includes, for
                example: concepts; discoveries; developments and technical contributions;
                manufacturing, engineering and programming techniques; designs; computer
                software and programs; data and technical information (irrespective
                of
                whether in human or machine readable form), inventions (whether or
                not
                patentable), works of authorship, mask works; and trademarks and
                goodwill;

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              (2)

            	
              The
                term “Affiliated Companies” used in this Agreement means any business
                entity: (i) which is owned in whole or in part by the Company; (ii)
                which
                is owned by a business entity which is owned in whole or in part
                by the
                Company; (iii) which owns a controlling interest in the Company;
                or (iv)
                in which a controlling interest is owned by a business entity which
                in
                turn owns the Company;

            

    

    

    
      	 	
              (3)

            	
              The
                term “Intellectual Property Relevant to the Company” or “Relevant
                Intellectual Property” as used in this Agreement means
                all Intellectual Property that Executive may,
                during the Term and within Executive’s scope of employment,
                solely
                or
                jointly with others
                author, conceive,
                develop or reduce to practice, or cause to be authored, conceived,
                developed or reduced to practice.

            

    

    

    
      	 	
              (4)

            	
              The
                term “Confidential Information” as used in this Agreement means any and
                all Intellectual Property and technical and business information
                disclosed to Executive by the Company
                which:

            

    

    

    
      	 	
              (a)

            	
              concerns
                or relates to any aspect of the business of the Company or any Affiliated
                Company,

            

    

    

    
      	 	
              (b)

            	
              is
                owned or used by the Company or any Affiliated Company,
                or

            

    

    

    
      	 	
              (c)

            	
              is,
                for any reason, otherwise treated as confidential by the Company
                or an
                Affiliated Company; 

            

    

    

    except
      such items which Executive can show by clear and convincing evidence
      were:

    

    
      	 	
              (d)

            	
              publicly
                and openly known (i.e., in the public domain) prior to the date of
                this
                Agreement, or

            

    

    

    
      	 	
              (e)

            	
              subsequent
                to the data this Agreement, became publicly and openly known through
                no
                fault of Executive.

            

    

    

    
      	 	
              b.

            	
              Development
                and Disclosure of Intellectual Property to Company.
                During the Term,
                Executive will assist the Company
                in
                all reasonably
                possible ways within
                Executive’s duties and expertise, in
                the discovery, perfection and development of Relevant
                Intellectual
                Property and will, at all times, promptly and fully disclose all
                such
                Relevant
                Intellectual Property to the Company, recognizing that any
                Intellectual
                Property Relevant to the Company shall be the exclusive property
                of the
                Company or its nominee, whether or not reduced to practice, published,
                or
                patented, copyrighted or licensed to
                others.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              c.

            	
              Assignment. Except
                as provided in Section 9(h) below, Executive
                hereby assigns (and will assign without further consideration, except
                as
                may be provided by statute) to the Company or its nominee all rights
                to
                all Relevant Intellectual Property (whether or not patentable,
                copyrightable, or susceptible to any other form of protection) in
                the
                United States and all foreign countries. With
                respect to Relevant Intellectual Property, this
                assignment includes, among other
                things:

            

    

    

    
      	 	
              (1)

            	
              The
                full and exclusive right, title and interest to such
                Intellectual Property, in the United States and all other
                countries;

            

    

    

    
      	 	
              (2)

            	
              The
                right of priority and all other rights under any and all international
                agreements to which the United States of America
                adheres;

            

    

    

    
      	 	
              (3)

            	
              The
                right to file and prosecute applications in any and all countries
                for
                patents, copyright registrations, design registrations, mask work
                protection and/or other protection;
                and

            

    

    

    
      	 	
              (4)

            	
              All
                applications for patents, copyright registrations, design registrations,
                mask work protection and/or other protection, and all patents,
                registrations and the like which result in such
                applications.

            

    

    

    
      	 	
              d.

            	
              Work
                for Hire.
                Any copyrightable works comprising Relevant Intellectual Property
                will be
                Works for Hire under the copyright laws of the United States with
                respect
                to all of the rights comprised in such
                works,
                including any separate contributions to collective
                works.

            

    

    

    
      	 	
              e.

            	
              No
                Inconsistent Acts; Assistance to the Company.
                Executive shall not, at any time during the Term
                or thereafter, knowingly
                take,
                or knowingly
                cause,
                any action or omission which would be inconsistent with or tend to
                impair
                the rights of the Company or any Affiliated Company in Relevant
                Intellectual Property or in Confidential Information, and Executive
                will, 
                subject to reasonable hourly compensation,
                assist the Company in every proper and legal way to obtain, maintain
                and
                protect its rights in Relevant Intellectual Property, and its rights
                in
                Confidential Information to which Executive had access during
                the
                Term.

            

    

    

    
      	 	
              f.

            	
              No
                Unauthorized Disclosure or Use of Confidential
                Information.
                Executive acknowledges that any unauthorized disclosure or use of
                Confidential Information to which he shall have access by virtue
                of his
                position in the Company may
                cause the Company irreparable injury or loss. Accordingly, Executive
                shall
                not, at any time during the Consulting Term or for a period of one
                (1)
                year thereafter, use any Confidential Information in any manner not
                expressly authorized by the Company and, unless Executive has prior
                written authorization from the Company, shall not disclose to others
                any
                Confidential Information or use any Confidential Information other
                than as
                required in the performance of Executive’s duties under this
                Agreement.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              g.

            	
              Return
                of Confidential Information And Company Materials.
                Upon termination of this Agreement, Executive will return to the
                Company
                all Confidential Information, and any other documents relating to
                the
                business of the Company or any Affiliated Company, and all Company
                documents, equipment and supplies that may be in Executive’s possession.
                Executive will return to Company all copies of Company
                documents, drawings, software and programs, including all recordings
                on
                magnetic, optical or other media, and all listings, and shall not
                take or
                retain any copies thereof.

            

    

    
      	 	
              h.

            	
              Exception
                to Assignments.
                It is agreed and acknowledged that the provisions of this Agreement
                requiring assignment by Executive of Intellectual Property to the
                Company
                do not apply to any invention that qualifies fully under the provisions
                of
                California Labor Code Section 2870 (attached hereto as
                Exhibit “B”).

            

    

    

    
      	
              10.

            	
              Injunctive
                Relief.
                The parties agree that damages would be an inadequate remedy for
                Company
                in the event of a breach or threatened breach of Section 9(f)
                of this Agreement by Executive, and in the event of any such breach
                or
                threatened breach, Company may, either with or without pursuing any
                potential damage remedies, seek
                to obtain
                and enforce an injunction prohibiting Executive from violating
                Section
                9(f) of this
                Agreement and requiring Executive to comply with its
                terms.

            

    

    

    
      	
              11.

            	
              Representations.
                Executive hereby represents and warrants to Company that: (a) he
                is not
                now under any contractual or quasi-contractual obligation that is
                inconsistent or in conflict with this Agreement or that would prevent,
                limit or impair Executive’s performance of his obligations under this
                Agreement;
                (b) he has been advised that he may seek the advice and representation
                of
                independent counsel prior to entering into this Agreement; and (c)
                he
                fully understands its terms and provisions.
                Company hereby represents and warrants that the execution and delivery
                of
                this Agreement has been duly authorized by the Company and that the
                Company has taken all necessary corporate action for such execution
                and
                delivery.

            

    

    

    
      	
              12.

            	
              Attorneys’
                Fees. If
                any legal proceeding is necessary to enforce or interpret the terms
                of
                this Agreement, or to recover damages for breach of this Agreement,
                the
                prevailing party shall be entitled to reasonable attorney fees, as
                well as
                costs and disbursements, in addition to any other relief to which
                the
                prevailing party may be entitled.

            

    

    

    
      	
              13.

            	
              Notices.
                Any notices provided hereunder must be in writing and shall be deemed
                effective on the earlier of personal delivery (including personal
                delivery
                by facsimile) or the third day after mailing first class mail to
                the
                recipient at the address indicated
                below:

            

    

    
      

        CYBERDEFENDER
          CORPORATION  EXECUTIVE

        12121
          Wilshire Blvd., Suite 350        __________      

        Los
          Angeles, CA 90025            
          __________    

      

    

    
       

    

    or
      to
      such other address or to the attention of such other person as the recipient
      party will have specified by prior written notice to the sending
      party.

    

    
      	
              14.

            	
              Severability.
                If
                any term, provision, or part of this Agreement is found by a court
                to be
                invalid, illegal, or incapable of being enforced by any rule of law
                or
                public policy, all other terms, provisions, and parts of this Agreement
                shall nevertheless remain in full force and effect as long as the
                economic
                or legal substance of the transactions contemplated hereby is not
                affected
                in any manner materially adverse to any party. On such determination
                that
                any term, provision, or part of this Agreement is invalid, illegal
                or
                incapable of being enforced, this Agreement shall be deemed to be
                modified
                so as to effect the parties’ original intent as closely as possible to the
                end that the transactions contemplated by this Agreement and the
                terms and
                provisions of this Agreement are fulfilled to the greatest extent
                possible.

            

    

    

    
      	
              15.

            	
              Entire
                Agreement.
                This document (and
                the agreements, plans and exhibits referred to herein)
                constitutes the final, complete, and exclusive embodiment of the
                entire
                agreement and understanding between the parties related to the subject
                matter of the Agreement and supersedes and preempts any prior or
                contemporaneous understandings, agreements, or representations by
                or
                between the parties, written or oral. Without limiting the generality
                of
                the foregoing, except as provided in this Agreement, all understandings
                and agreements, written or oral, relating to Executive’s employment by
                Company, or the payment of any compensation or the provision of any
                benefit in connection therewith or otherwise, are hereby terminated
                and
                shall be of no future force and
                effect.

            

    

    

    
      	
              16.

            	
              Counterparts.
                This Agreement may be executed on separate copies, any one of which
                need
                not contain signatures of more than one party, but all of which taken
                together will constitute one and the same
                agreement.

            

    

    

    
      	
              17.

            	
              Successors
                and Assigns.
                This Agreement is intended to bind and inure to the benefit of and
                be
                enforceable by Executive and Company, and their respective successors
                and
                assigns, except that Executive may not assign any of his rights or
                duties
                under this Agreement without Company’s prior written
                consent.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
              18.

            	
              Amendments.
                No
                amendments or other modifications to this Agreement may be made except
                by
                a writing signed by both parties. Except for Executive’s estate or legal
                representative and affiliates of Company, nothing in this Agreement,
                express or implied, is intended to confer on any third person any
                rights
                or remedies under or because of this
                Agreement.

            

    

    

    
      	
              19.

            	
              Choice
                of Law.
                Executive and Company agree that this Agreement shall be interpreted
                in
                accordance with and governed by the laws of the State of
                California.

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      the
      parties now execute this Agreement, to be effective on the date first stated
      in
      this Agreement.

    

    ACKNOWLEDGED
      AND ACCEPTED:

    

    

    EXECUTIVE

    

    

    ______________________________

    Riggs
      Eckelberry

    

    

    

    ACCEPTED
      AND AGREED:

    CYBERDEFENDER
      CORPORATION

    

    

    _____________________________

    Gary
      Guseinov

    Chief
      Executive Officer

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
      A

    

    1.
      Job Description
      -
      Executive shall perform such duties as are consistent with his position as
      President and Chief Operating Officer and as may be reasonably required by
      Company’s Board of Directors (the “Board”). Such duties shall include, without
      limitation, the duties and responsibilities typically carried out by a President
      and Chief Operating Officer, specifically including without limitation:
      Management of daily Company operations; management of all product development
      (consumer and enterprise products); management of all
      advertising/marketing/business development/PR; management of development staff,
      operations and marketing personnel - (hire and fire); and meeting company
      goals/revenue metrics. Executive’s position shall be the second position on
      Company organizational chart directly under and reporting to the Company’s CEO
      (organizational chart attached hereto as Exhibit “C”). 

    

    2.
      Compensation
      - Two
      Hundred Sixty Thousand Dollars ($260,000.00) per year, payable
      bi-monthly.

     

    3.
      Bonus Compensation
      -
      Executive shall have the opportunity to receive bonus compensation and stock
      based upon the Company meeting certain goals as described in Schedule “1” to
      this Exhibit. To the extent that the Company’s current or future (if revised)
      Management By Objective bonus compensation plan is inconsistent with or
      contradicts the terms of Schedule “1” to this Exhibit, then the terms of
      Schedule “1” hereto shall govern.

    

    4.
      Board Seat - Executive
      shall be appointed to the Company’s Board of Directors and
      shall
      receive any standard board compensation and fees as approved by the Board and
      granted to other Board members.

    

    5.
      Stock Options-
      Executive shall have the right to participate in Company’s stock option plan as
      follows:

    

    (a) If
      Company merges with a public entity by end of Q2 2006, Executive will be granted
      a stock option entitling Executive to 4.0% of post-transaction public stock
      at
      Management Option Plan strike price. (strike price will be determined using
      fair
      and industry standard procedures). If public transaction does not close by
      end
      of Q2 2006, Executive will be granted a stock option (strike price will be
      determined using fair and industry standard procedures) entitling Executive
      to
      such percentage of private Company stock that would be equivalent in value
      to a
      grant of stock options to purchase 7.5% of the Company’s stock at $0.01 strike
      price. 

    

    (b) All
      stock
      options referenced in (a) above will vest monthly in equal monthly installments
      in an Incentive Stock Option Plan (ISOP) over a period of 4 years (48 months)
      from the Commencement Date. In both cases, grant will be dated on actual date
      of
      grant but options will begin vesting on the Commencement Date.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    6.
      Vacation
      - three
      (3) weeks paid vacation in the first year of employment; thereafter, four (4)
      weeks of paid vacation per year.

    

    7.
      Post Termination Benefits
      - Should
      Executive qualify for Post Termination Benefits per the terms of this Agreement,
      the Executive will receive his monthly salary for three (3) months.
      This
      also includes concurrent continuing coverage under any existing health or dental
      insurance program for a maximum of three (3) months.
      Executive shall also receive earned and pro rata bonus
      compensation.

    

    

    ACKNOWLEDGED: Executive:
      __________ Company: __________

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    SCHEDULE
      2

    

    Bonus
      Compensation

    

    Commission/Bonuses:
      

    

    (a) Compensatory
      Payment:
      Executive shall receive a signing bonus in the amount of $45,000, payable the
      last week of December 2005 as a compensatory payment to REMG, Inc.
      (TechTransform).

    

    (b) Quarterly
      MBO:

    
      	 	
              o

            	
              $60K
                bonus per quarter for meeting company
                goals

            

    

    
      	 	
              o

            	
              Subject
                to MBO Process (see below)

            

    

    
      	 	
              o

            	
              50%
                for meeting company
                objectives/goals

            

    

    
      	 	
              o

            	
              50%
                for meeting operating revenue goals, with proportionate
                acceleration for
                exceeding these goals [what
                was wrong with the
                example?]

            

    

    

    (c) Annual
      Bonuses:

    
      	 	
              o

            	
              Year
                One: 

            

    

    
      	 	
              §

            	
              $100K
                for major milestone achievement in 2006, pre-agreed in Q1 of 2006.
                Partial
                award for partial accomplishment.
                Determination to be made in accordance with MBO process outlined
                below.
                 

            

    

    
      	 	
              §

            	
              Payable
                at the end of 2006.

            

    

    
      	 	
              o

            	
              Year
                Two: 

            

    

    
      	 	
              §

            	
              $200K
                for major milestone achievement in 2007, pre-agreed in Q4 of 2006.
                Partial
                award for partial accomplishment.
                Determination to be made in accordance with MBO process outlined
                below.

            

    

    
      	 	
              §

            	
              Payable
                at end of 2007. 

            

    

    
      	 	
              o

            	
              Annual
                Bonuses thereafter, proportional to revenue trend-line.

            

    

    

    MBO
      Process:

     

    Management
      By Objectives (MBO) System: 

     

    
      	 	
              1.

            	
              A
                list of objectives will be mutually agreed in writing between
                Executive
                and
                the Company’s CEO before or
                promptly after the
                beginning of each new quarter
                in
                accordance with the process set forth below (for each quarter, the
                “Quarterly Objectives”). Each set of Quarterly Objectives shall be
                Specific, Measurable, Achievable, Realistic, and
                Time-based.

            

    

     

    
      	 	
              2.

            	
              Within
                ten (10) business days after the end of each calendar quarter, Company
                will submit to Executive a written report of the Company’s gross revenues
                for the preceding calendar quarter. Within five (5) business days
                after
                receipt of the Company’s quarterly revenue report, Executive will submit
                to Company a written report containing the following (for each quarter,
                an
                “Executive Report”): (i) an assessment of Executive’s accomplishment of
                the Quarterly Objectives for the preceding calendar quarter including
                the
                percentage of accomplishment of the Quarterly Objectives; and (ii)
                a
                proposal of Quarterly Objectives for the then-current calendar quarter.
                Within fifteen (15) business days of receipt thereof, the Company’s CEO
                shall either approve or reject the Executive Report in writing; failure
                by
                Company’s CEO to provide timely rejection of the Executive Report shall be
                deemed acceptance thereof. 

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	 	
              3.

            	
              Any
                disagreement relating to the substance of any given Executive Report
                shall
                be negotiated in good faith between the Company’s CEO and Executive. Any
                such disagreement that cannot be resolved by Executive and the Company’s
                CEO may be referred by either
                party for resolution to the Company’s
                Board
                of Directors or Compensation
                Committee.

            

    

     

    
      	 	
              4.

            	
              Upon
                approval
                of
                an Executive Report, the
                Company shall
                pay Executive
                the applicable bonus
                by multiplying the bonus sum by the approved
                attainment percentage
                of Quarterly Objectives, which payment shall be made at the next
                applicable pay period.

            

    

     

    
      	 	
              5.

            	
              Objectives
                and Revenue/Profit goals will be based on Company forecasted financial
                models presented to investors and auditors.

            

    

     

    

    

    ACKNOWLEDGED: Executive:
      __________ Company: __________

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    EXHIBIT
      B

    

    CALIFORNIA
      LABOR CODE SECTION 2870

    INVENTION
      ON OWN TIME - EXEMPTION FROM AGREEMENT

    

    “(a)
       Any
      provision in an employment agreement which provides that an employee shall
      assign, or offer to assign, any of his or her rights in an invention to his
      or
      her employer shall not apply to an invention that the employee developed
      entirely on his or her own time without using the employer's equipment,
      supplies, facilities, or trade secret information except for those inventions
      that either: 

    

    (1)
      Relate at the time of conception or reduction to practice of the invention
      to
      the employer's business, or actual or demonstrably anticipated research or
      development of the employer; or

    

      (2)
      Result from any work performed by the employee for the employer.

    

    (b)
       To
      the
      extent a provision in an employment agreement purports to require an employee
      to
      assign an invention otherwise excluded from being required to be assigned under
      subdivision (a), the provision is against the public policy of this state and
      is
      unenforceable.”

    

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    EXHIBIT
      C

    

    CYBERDEFENDER
      ORGANIZATIONAL CHARTExhibit
      10.1

    Hällström
      Employment Agreement

    

     

     

     

    
      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EMPLOYMENT
        AGREEMENT

      

      EMPLOYMENT
        AGREEMENT, dated as of February 1, 2007 (this “Agreement”), between THORIUM
        POWER, LTD., a Nevada corporation (the “Company”), and ERIK HALLSTROM, an
        individual (the “Executive”).

       

      

       

      BACKGROUND

      

      The
        Company wishes to secure the services of the Executive as the Chief Operating
        Officer for the Company upon the terms and conditions hereinafter set forth,
        and
        the Executive wishes to render such services to the Company upon the terms
        and
        conditions hereinafter set forth. 

       

      

       

      AGREEMENT

      

      NOW,
        THEREFORE, in consideration of the foregoing and the mutual covenants herein
        contained and for other good and valuable consideration, the receipt and
        adequacy of which are hereby acknowledged, the parties hereto, intending
        to be
        legally bound, agree as follows:

       

      1. Employment
        by the Company. The Company agrees to employ the Executive in the position
        of Chief Operating Officer for the Company and the Executive accepts such
        employment. The Executives’ responsibilities as Chief Operating Officer will
        include, but are not limited to, full
        responsibility for profit and loss and responsibility for successfully
        integrated affiliated companies, managing day-to-day operations globally,
        executing a strategic plan to lead the Company to rapid growth, developing
        relationships with key customers and strategic partners, and other duties
        as
        assigned. The Executive will report to the CEO. The
        Executive agrees to perform the duties that may be assigned to him as well
        as
        other duties that are customarily performed in such a position(s) of a similar
        company. 

       

      2. Term
        of Employment. The term of this Employment Agreement (the “Term”) shall
        commence on the date hereof and end when terminated by either party as provided
        in Section 4 hereof (provided that the provisions of Sections 6 and 7 hereof
        shall survive any such termination). 

       

      3. Compensation.
        As full compensation for all services to be rendered by the Executive to
        the
        Company and/or its Subsidiaries and/or Affiliates in all capacities during
        the
        Term, the Executive shall receive the following compensation and
        benefits:

      

      3.1 Salary.
        An
        annual base salary of $200,000 (the “Base Salary”) payable not less frequently
        than monthly or at more frequent intervals in accordance with the then customary
        payroll practices of the Company. The Board of Directors of the Company shall
        review the Executive’s performance on an annual basis and shall suggest
        increases (but not decreases) to the Executive’s Base Salary as the Board of
        Directors of the Company in its sole discretion deems appropriate. 

      

      3.2 Bonus.
        The
        Executive will be eligible to receive an annual bonus of up to 50% of Base
        Salary. Whether a bonus is granted, and the amount of such bonus, lies within
        the sole discretion of the Board of Directors, which will consider, among
        other
        things, the Executive meeting his individual performance goals and the Company
        meeting its corporate profit goals. The bonus, if any, will not be distributed
        until after the audited results for the fiscal year are reported and is not
        deemed to be earned until paid. The Executive must be employed by the Company
        on
        the day a bonus is actually paid to be eligible to receive it. 

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      3.3 Equity
        Participation.
        

       

      

      
        	 	
                a)

              	
                The
                  Company shall, upon effective date of this Agreement, grant to
                  the
                  Executive one million (1,000,000) shares of the Company’s Common Stock.
                  The 1,000,000 shares shall vest in accordance with the provisions
                  of a
                  separate Stock Agreement which shall be entered into between the
                  Executive
                  and the Company on or about the date hereof and which shall provide
                  for
                  vesting in equal monthly installments over a three year term
                  (1/36th
                  of
                  the grant vesting each month) with accelerated vesting upon (i)
                  a Change
                  of Control (as defined below), (ii) termination of the Executive
                  by the
                  Company without Cause (as defined below), or (iii) the cessation
                  of the
                  Executive’s employment with the Company for Good Reason (as defined
                  below). No
                  portion of the stock or rights granted hereunder may be sold, transferred,
                  assigned, pledged or otherwise encumbered or disposed of by the
                  Executive
                  until such portion of the stock becomes vested. With
                  respect to vested shares, the Executive shall not have any right
                  to
                  receive a cash out or liquidation of such shares from the Company,
                  unless
                  specifically agreed to in writing by the Company, in its sole
                  discretion.

              

      

      

      

      
        	 	
                b)

              	
                The
                  Executive shall be eligible to participate in the Company’s 2007 Stock
                  Plan (the “Plan”). The Executive shall, upon effective date of this
                  Agreement, be granted options to acquire 1,000,000 shares of Common
                  Stock,
                  $0.001 par value, of the Company pursuant to the Plan. Such options
                  shall
                  vest and become exercisable in accordance with the provisions of
                  a
                  separate Stock Option Agreement which shall be entered into between
                  the
                  Executive and the Company on or about the date hereof and which
                  shall
                  provide (a) that the options are intended to be nonqualified stock
                  options, (b) an exercise price equal to the fair market value of
                  the
                  Company’s Common Stock on the date of grant, (c) for vesting in equal
                  monthly installments over a four year term beginning on the six
                  month
                  anniversary of the date of grant (provided that 6/48 of the option
                  will
                  vest on such six month anniversary) with accelerated vesting upon
                  (i) a
                  Change of Control (as defined below), (ii) termination of the Executive
                  by
                  the Company without Cause (as defined below), or (iii) the cessation
                  of
                  the Executive’s employment with the Company for Good Reason (as defined
                  below), and (d) for a ten year term. With
                  respect to vested options, the Executive shall not have any right
                  to
                  receive a cash-out or liquidation of such options from the Company,
                  unless
                  specifically agreed to in writing by the Company, in its sole
                  discretion.

              

      

       

       

      3.4 Participation
        in Employee Benefit Plans; Other Benefits.
        The
        Executive shall be permitted during the Term to participate in all employee
        benefit plans, policies and practices now or hereafter maintained by or on
        behalf of the Company commensurate with the Executive’s position with the
        Company. Such benefit plans may include a group health and dental program,
        group
        life insurance, short and long term disability insurance, and 401(k) plan.
        The
        Executive shall receive paid vacation (4 weeks accrued pro rata on a per
        pay
        period basis), paid sick leave (6 paid days per year accruing on a pro rata
        basis on the first day of each quarter - January 1, April 1, July 1, and
        October
        1), paid holidays and, upon request and when required by applicable laws
        or with
        the consent of the CEO, unpaid leave. The Company reserves the right in its
        sole
        discretion from time to time to modify, add or delete any such plans or
        programs, and any decisions by the Company to do so shall not create any
        right
        of compensation for the Executive..

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      3.5 Vacation.
        The
        Executive shall be entitled to four (4) weeks of paid vacation time per year
        which shall accrue per pay period on a pro-rata basis. 

      

      3.6 Expenses.
        The
        Company shall pay or reimburse the Executive for all reasonable and necessary
        business expenses actually incurred or paid by the Executive during the Term
        in
        the performance of the Executive’s duties under this Agreement, upon submission
        and approval of expense statements, vouchers or other supporting information
        in
        accordance with the then customary practices of the Company. However, for
        avoidance of doubt, the Executive shall not be entitled to reimbursement
        for any
        attorney fees or costs associated with obtaining independent legal advice
        or
        assistance related to the review, evaluation, interpretation or enforcement
        of
        this agreement, except for the reimbursement of any expenses incurred in
        establishing a right to indemnification under this Agreement. 

      

      3.7 Withholding
        of Taxes.
        The
        Company may withhold from any benefits payable under this Agreement all federal,
        state, city and other taxes as shall be required pursuant to any law or
        governmental regulation or ruling.

      

      4. Termination.

      

      4.1 Termination
        upon Death.
        If the
        Executive dies during the Term, this Agreement shall terminate as of the
        date of
        his death.

      

      4.2 Termination
        upon Disability.
        If
        during the Term the Executive becomes physically or mentally disabled, whether
        totally or partially, so that the Executive is unable to perform his essential
        job functions hereunder for a period aggregating 180 days during any
        twelve-month period, and it is determined by a physician acceptable to both
        the
        Company and the Executive that, by reason of such physical or mental disability,
        the Executive shall be unable to perform the essential job functions required
        of
        him hereunder for such period or periods, the Company may, by written notice
        to
        the Executive, terminate this Agreement, in which event the Term shall terminate
        10 days after the date upon which the Company shall have given notice to
        the
        Executive of its intention to terminate this Agreement because of the
        disability. 

      

      4.3  Termination
        for Cause.
        The
        Company may at any time by written notice to the Executive terminate this
        Agreement immediately and, except as provided in Section 5.2 hereof, the
        Executive shall have no right to receive any compensation or benefit hereunder
        on and after the date of such notice, in the event that an event of “Cause”
occurs. For purposes of this Agreement “Cause” shall mean (a) conviction of a
        felony, bad faith or willful gross misconduct that, in any case, results
        in
        material damage to the business or reputation of the Company; or (b) willful
        and
        continued failure to perform his duties hereunder (other than such failure
        resulting from the Executive’s incapacity due to physical or mental illness or
        after the issuance of a notice of termination by the Executive for Good Reason)
        within 30 days after the Company delivers to him a written demand for
        performance that specifically identifies the actions to be performed. For
        purposes of this Section 4.3, no act or failure to act by the Executive shall
        be
        considered “willful” if such act is done by the Executive in the good faith
        belief that such act is or was to be beneficial to the Company or one or
        more of
        its businesses, or such failure to act is due to the Executive’s good faith
        belief that such action would be materially harmful to the Company or one
        of its
        businesses. Cause shall not exist unless and until the Company has delivered
        to
        the Executive a copy of a resolution duly adopted by the board of directors
        at a
        meeting of the board of directors of the Company called and held for such
        purpose after reasonable (but in no event less than thirty days’) notice to the
        Executive and an opportunity for the Executive, together with his counsel,
        to be
        heard before the board, finding that in the good faith opinion of the board
        that
“Cause” exists and specifying the particulars thereof in detail. This Section
        4.3 shall not prevent the Executive from challenging in any court of competent
        jurisdiction the board of directors’ determination that Cause exists or that the
        Executive has failed to cure any act (or failure to act) that purportedly
        formed
        the basis for the board of directors’ determination. 

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      4.4 Termination
        without Cause.
        The
        Company may terminate this Employment Agreement at any time, without cause,
        upon
        30 days’ written notice by the Company to the Executive.

      

      4.5 Termination
        for Good Reason.
        The
        Executive may terminate his employment for Good Reason after giving the Company
        detailed written notice thereof, if the Company shall have failed to cure
        the
        event or circumstance constituting Good Reason within 30 business days after
        receiving such notice. “Good Reason” shall mean the occurrence of any of the
        following without the written consent of the Executive: (a) the assignment
        to
        the Executive of duties inconsistent with this Agreement or a diminution
        in his
        titles or authority; (b) any failure by the Company to comply with Section
        3
        hereof in any material way; (c) the requirement of the Executive to relocate
        to
        a location that is more than 50 miles from the Executive’s work location on the
        effective date of this Agreement (8300 Greensboro Drive, Suite 800, McLean,
        VA
        22102), (d) any material breach of this Agreement by the Company, or (e)
        a
“Change of Control”. For purposes of this Agreement, a “Change of Control” shall
        be deemed to have occurred if (i) a tender offer shall be made and consummated
        for the ownership of more than 50% of the outstanding voting securities of
        the
        Company, (ii) the Company shall be merged or consolidated with another
        corporation or entity and as a result of such merger or consolidation less
        than
        50% of the outstanding voting securities of the surviving or resulting
        corporation or entity shall be owned in the aggregate by former shareholders
        of
        the Company, as the same shall have existing immediately prior to such merger
        or
        consolidation, (iii) the Company shall sell, lease, or otherwise dispose
        of, all
        or substantially all of its assets to another corporation or entity which
        is not
        a wholly-owned subsidiary, or (iv) a person, within the meaning of Section
        3(a)(9) or Section 13(d)(3) (as in effect on the date hereof) of the Securities
        Exchange Act of 1934 shall acquire more than 50% of the outstanding voting
        securities of the Company (whether directly, indirectly, beneficially, or
        of
        record). The Executive’s right to terminate his employment hereunder for Good
        Reason shall not be affected by his incapacity due to physical or mental
        illness. The Executive’s continued employment shall not constitute consent to,
        or a waiver of rights with respect to, any act or failure to act constituting
        Good Reason. 

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      4.6 Without
        Good Reason.
        The
        Executive shall have the right to terminate his employment hereunder without
        Good Reason by providing the Company with 30 days advance written notice
        of
        termination. 

      

      5. Severance
        Payments

      

      5.1 Certain
        Severance Payments.
        If
        during the Term this Agreement is terminated pursuant to any of Sections
        4.1,
        4.2, 4.4 or 4.5, all compensation payable to the Executive under Section
        3
        hereof shall cease as of the date of termination specified in the Company’s
        notice (the “Termination Date”), and the Company shall pay to the Executive,
        subject to Section 6 hereof, the following sums: (i) during the first year
        of
        employment, the Base Salary on the Termination Date for nine (9) months (the
        “Severance Period”), payable in installments in accordance with the Company’s
        normal payroll practices; after the first year of employment, the severance
        payments shall be the Base Salary on the Termination Date for twelve (12)
        months, payable in installments in accordance with the Company’s normal payroll
        practices; (ii) benefits under group health, dental and life insurance plans
        and
        such other plans referred to in Section 3.2 that the Executive has participated
        in and may continue to participate in as a non-employee through the Severance
        Period; and (iii) all previously earned, accrued, and unpaid benefits from
        the
        Company and its employee benefit plans, including any such benefits under
        the
        Company’s pension, disability, and life insurance plans, policies, and programs
        in which the Executive has participated. If, prior to the date on which the
        Company’s obligations under clause (i) of this Section 5.1 cease, the Executive
        violates Section 6 hereof, then the Company shall have no obligation to make
        any
        of the payments that remain payable by the Company under clauses (i) and
        (ii) of
        this Section 5.1 on or after the date of such violation.

       

      Notwithstanding
        the foregoing, if, based on Internal Revenue Service guidance available as
        of
        the date the payment or provision of any amount or other benefit is specified
        to
        be made under this Agreement or elsewhere, the Company reasonably determines
        that the payment or provision of such amount or other benefit at such specified
        time may potentially subject the Executive to “additional tax” under Section
        409A(a)(1)(B) of the Code (together with any interest or penalties imposed
        with
        respect to, or in connection with, such tax, a “409A Tax”) with respect to the
        payment of such amount or the provision of such benefit, and if payment or
        provision thereof at a later date would likely avoid any such 409A Tax, then
        the
        payment or provision thereof shall be postponed to the earliest business
        day on
        which the Company reasonably determines such amount or benefit can be paid
        or
        provided without incurring any such 409A Tax, but in no event later than
        the
        first business day after the six-month anniversary of the Executive’s
        termination date (the “Delayed Payment Date”). In addition, if the Company
        reasonably determines that such 409A Tax with respect to the provision of
        a
        benefit can likely be avoided by replacing the benefit with the payment of
        an
        amount in cash equal to the cost of a substantially equivalent benefit then,
        in
        lieu of providing such benefit, the Company may make such cash payment, subject
        to the preceding sentence. The Company and the Executive may agree to take
        other
        actions to avoid the imposition of such 409A Tax at such time and in such
        manner
        as permitted under Section 409A. In the event that a delay of any payment
        is
        required under this provision, such payment shall be accumulated and paid
        in a
        single lump sum on the Delayed Payment Date together with interest for the
        period of delay, compounded monthly, equal to the prime or base lending rate
        then used by CitiBank, N.A., in New York City and in effect as of the date
        the
        payment would otherwise have been provided.

      

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      5.2 Payments
        upon Termination for Cause or Termination without Good Reason.
        If this
        Employment Agreement is terminated by the Company pursuant to Section 4.3
        hereof
        or by the Executive pursuant to Section 4.6 hereof, the Executive shall receive
        only the amounts specified in clause (iii) of Section 5.1 hereof.

      

      5.3 Release.
        Executive agrees, if his employment is terminated under circumstances entitling
        him to any payments under Section 5.1 of this Agreement, that in consideration
        for such payments as described in Section 5.1, he will execute a General
        Release
        in substantially the form of Exhibit A attached hereto, through which Executive
        releases the Company from any and all claims as may relate to or arise out
        of
        his employment relationship or the termination thereof (excluding claims
        Executive may have under any “employee pension plan” as described in Section
        3(3) of ERISA or under this Agreement, and rights Executive may be entitled
        to
        under surviving Sections 6 and 7 hereof). The form of the Release may be
        modified as needed to reflect changes in the applicable law or regulations
        that
        are needed to provide a legally enforceable and binding Release to the Company
        at the time of execution.

      

      6. Certain
        Covenants of the Executive.

      

      6.1 Covenants.
        The
        Executive acknowledges that: (i) his work for the Company and its Subsidiaries
        and Affiliates, will bring him into close contact with many confidential
        affairs, documents, and information not readily available to the public;
        and
        (ii) the covenants contained in this Section 6 will not involve a substantial
        hardship upon his future livelihood. In order to induce the Company to enter
        into this Employment Agreement, the Executive covenants and agrees
        that:

      

      6.2 Non-Compete.
        During
        the Term and for a period of twelve (12) months following the termination
        of the
        Executive’s
        employment with the Company or any of its Subsidiaries or Affiliates (the
        “Restricted Period”), the Executive shall not, directly or indirectly, (i) in
        any manner whatsoever engage in any capacity with any business competitive
        with
        the Company, any of its Subsidiaries or any of its Affiliates (the “Company’s
        Business”) for the Executive’s own benefit or for the benefit of any person or
        entity other than the Company or any Subsidiary or Affiliate; or (ii) have
        any
        interest as owner, sole proprietor, shareholder, partner, lender, director,
        officer, manager, employee, consultant, agent or otherwise in any business
        competitive with the Company’s Business; provided,
        however,
        that
        the Executive may hold, directly or indirectly, solely as an investment,
        not
        more than two percent (2%) of the outstanding securities of any person or
        entity
        which are listed on any national securities exchange or regularly traded
        in the
        over-the-counter market notwithstanding the fact that such person or entity
        is
        engaged in a business competitive with the Company’s Business. In addition,
        during the Restricted Period, the Executive shall not develop any property
        or
        invention for use in the Company’s Business on behalf of any person or entity
        other than the Company, its Subsidiaries and Affiliates.

      

      6.3 Confidential
        Information.
        During
        the Restricted Period, the Executive shall not, directly or indirectly, disclose
        to any person or entity who is not authorized by the Company or any Subsidiary
        or Affiliate to receive such information, or use or appropriate for his own
        benefit or for the benefit of any person or entity other than the Company
        or any
        Subsidiary or Affiliate, any documents or other papers relating to the Company’s
        Business or the customers of the Company or any Subsidiary or Affiliate,
        including, without limitation, files, business relationships and accounts,
        pricing policies, customer lists, computer software and hardware, or any
        other
        materials relating to the Company’s Business or the customers of the Company or
        any Subsidiary or Affiliate or any trade secrets or confidential information,
        including, without limitation, any business or operational methods, drawings,
        sketches, designs or product concepts, know-how, marketing plans or strategies,
        product development techniques or plans, business acquisition plans, financial
        or other performance data, personnel and other policies of the Company or
        any
        Subsidiary or Affiliate, whether generated by the Executive or by any other
        person, except as required in the course of performing his duties hereunder
        or
        with the express written consent of the Company; provided,
        however,
        that
        the confidential information shall not include any information readily
        ascertainable from public or published information, or trade sources (other
        than
        as a direct or indirect result of unauthorized disclosure by the
        Executive).

      

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

      6.4 Employees
        of and Consultants to the Company.
        During
        the Restricted Period, the Executive shall not, directly or indirectly (other
        than in furtherance of the business of the Company), initiate communications
        with, solicit, persuade, entice, induce or encourage any individual who is
        then
        or who has been within the 12-month period preceding the Executive’s termination
        of employment with the Company, an employee of or consultant to the Company
        or
        any of its Subsidiaries or Affiliates to terminate employment with, or a
        consulting relationship with, the Company or such Subsidiary or Affiliate,
        as
        the case may be, or to become employed by or enter into a contract or other
        agreement with any other person, and the Executive shall not approach any
        such
        employee or consultant for any such purpose or authorize or knowingly approve
        the taking of any such actions by any other person.

      

      6.5 Solicitation
        of Customers.
        During
        the Restricted Period, the Executive shall not, directly or indirectly, initiate
        communications with, solicit, persuade, entice, induce, encourage (or assist
        in
        connection with any of the foregoing) any person within the Washington DC
        Metropolitan Area who is then or has been within the 12-month period preceding
        the Executive’s termination of employment with the Company a customer or account
        of the Company or its Subsidiaries or Affiliates, or any actual customer
        leads
        whose identity the Executive learned during the course of his employment
        with
        the Company, to terminate or to adversely alter its contractual or other
        relationship with the Company or its Subsidiaries or Affiliates.

      

      6.6 Rights
        and Remedies Upon Breach.
        If the
        Executive breaches, or threatens to commit a breach of, any of the provisions
        of
        Section 6 hereof (collectively, the “Restrictive Covenants”), the Company and
        its Subsidiaries and Affiliates shall, in addition to the rights set forth
        in
        this Employment Agreement, have the right and remedy to seek from any court
        of
        competent jurisdiction specific performance of the Restrictive Covenants
        or
        injunctive relief against any act which would violate any of the Restrictive
        Covenants, it being acknowledged and agreed that any such breach or threatened
        breach will cause irreparable injury to the Company and its Subsidiaries
        and
        Affiliates and that money damages will not provide an adequate remedy to
        the
        Company and its Subsidiaries and Affiliates.

      

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      6.7 Severability
        of Covenants.
        If any
        of the Restrictive Covenants, or any part thereof, is held by a court of
        competent jurisdiction or any foreign, federal, state, county or local
        government or other governmental, regulatory or administrative agency or
        authority to be invalid, void, unenforceable or against public policy for
        any
        reason, the remainder of the Restrictive Covenants shall remain in full force
        and effect and shall in no way be affected, impaired or invalidated, and
        such
        court, government, agency or authority shall be empowered to substitute,
        to the
        extent enforceable, provisions similar thereto or other provisions so as
        to
        provide to the Company and its Subsidiaries and Affiliates, to the fullest
        extent permitted by applicable law, the benefits intended by such
        provisions.

      

      6.8 Enforceability
        in Jurisdictions.
        The
        parties intend to and hereby confer jurisdiction to enforce the Restrictive
        Covenants upon the courts of any jurisdiction within the geographical scope
        of
        such Covenants. If the courts of any one or more of such jurisdictions hold
        the
        Restrictive Covenants wholly invalid or unenforceable by reason of the breadth
        of such scope or otherwise, it is the intention of the parties that such
        determination not bar or in any way affect the Company’s right to the relief
        provided above in the courts of any other jurisdiction within the geographical
        scope of such Restrictive Covenants, as to breaches of such Restrictive
        Covenants in such other respective jurisdictions, such Restrictive Covenants
        as
        they relate to each jurisdiction being, for this purpose, severable into
        diverse
        and independent covenants.

      

      7. Indemnification.
        

      

      7.1 General.
        The
        Company agrees that if the Executive is made a party or is threatened to
        be made
        a party to any action, suit or proceeding, whether civil, criminal,
        administrative or investigative (a “Proceeding”), other than a Proceeding
        initiated by the Company or the Executive to enforce their rights under this
        Agreement, by reason of the fact that the Executive is or was a trustee,
        director or officer of the Company, or any predecessor to the Company or
        any of
        their Affiliates or is or was serving at the request of the Company, any
        predecessor to the Company, or any of their affiliates as a trustee, director,
        officer, member, employee or agent of another corporation or a partnership,
        joint venture, limited liability company, trust or other enterprise, including,
        without limitation, service with respect to employee benefit plans, whether
        or
        not the basis of such Proceeding is alleged action in an official capacity
        as a
        trustee, director, officer, member, employee or agent while serving as a
        trustee, director, officer, member, employee or agent, the Executive shall
        be
        indemnified and held harmless by the Company to the fullest extent authorized
        by
        Nevada law, as the same exists or may hereafter be amended, against all Expenses
        incurred or suffered by the Executive in connection therewith, and such
        indemnification shall continue as to the Executive even if the Executive
        has
        ceased to be an officer, director, trustee or agent, or is no longer employed
        by
        the Company and shall inure to the benefit of his heirs, executors and
        administrators. Notwithstanding the foregoing, the Executive shall not be
        entitled to indemnification by the Company in respect of, and to the extent
        that, any Expenses arising as a result of the bad faith, willful misconduct
        or
        gross negligence of the Executive, or the Executive’s conviction of a felony.

      

      7.2 Expenses.
        As used
        in this Agreement, and except as otherwise specifically excluded or made
        inapplicable herein, the term “Expenses” shall include, without limitation,
        damages, losses, judgments, liabilities, fines, penalties, excise taxes,
        settlements, and costs, attorneys’ fees, accountants’ fees, and disbursements
        and costs of attachment or similar bonds, investigations, and any expenses
        of
        establishing a right to indemnification under this Agreement.

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

      7.3 Enforcement.
        If a
        claim or request under this Section 7 is not paid by the Company or on its
        behalf, within thirty (30) days after a written claim or request has been
        received by the Company, the Executive may at any time thereafter bring suit
        against the Company to recover the unpaid amount of the claim or request and if
        successful in whole or in part, the Executive shall be entitled to be paid
        also
        the expenses of prosecuting such suit. All obligations for indemnification
        hereunder shall be subject to, and paid in accordance with, applicable
        Nevada law.

      

      7.4 Partial
        Indemnification.
        If the
        Executive is entitled under any provision of this Agreement to indemnification
        by the Company for some or a portion of any Expenses, but not, however, for
        the
        total amount thereof, the Company shall nevertheless indemnify the Executive
        for
        the portion of such Expenses to which the Executive is entitled.

      

      7.5 Advances
        of Expenses.
        Expenses incurred by the Executive in connection with any Proceeding shall
        be
        paid by the Company in advance upon written request of the Executive that
        the
        Company pay such Expenses, but only in the event that the Executive shall
        have
        delivered in writing to the Company (i) an undertaking to reimburse the Company
        for Expenses with respect to which the Executive is not entitled to
        indemnification and (ii) a statement of his good faith belief that the standard
        of conduct necessary for indemnification by the Company has been
        met.

      

      7.6 Notice
        of Claim.
        The
        Executive shall promptly give to the Company notice of any claim made against
        him for which indemnification will or could be sought under this Agreement.
        In
        addition, the Executive shall give the Company such information and cooperation
        as it may reasonably require and as shall be within the Executive’s power and at
        such times and places as are convenient for the Executive.

      

      7.7 Defense
        of Claim.
        With
        respect to any Proceeding as to which the Executive notifies the Company
        of the
        commencement thereof:

      

      (a) The
        Company will be entitled to participate therein at its own expense;

      

      (b) Except
        as
        otherwise provided below, to the extent that it may wish, the Company will
        be
        entitled to assume the defense thereof, with counsel reasonably satisfactory
        to
        the Executive, which in the Company’s sole discretion may be regular counsel to
        the Company and may be counsel to other officers and directors of the Company
        or
        any subsidiary. The Executive also shall have the right to employ his own
        counsel in such action, suit or proceeding if he reasonably concludes that
        failure to do so would involve a conflict of interest between the Company
        and
        the Executive, and under such circumstances the fees and expenses of such
        counsel shall be at the expense of the Company.

      

      (c) The
        Company shall not be liable to indemnify the Executive under this Agreement
        for
        any amounts paid in settlement of any action or claim effected without its
        written consent. The Company shall not settle any action or claim in any
        manner
        which would impose any penalty that would not be paid directly or indirectly
        by
        the Company or limitation on the Executive without the Executive’s written
        consent. Neither the Company nor the Executive will unreasonably withhold
        or
        delay their consent to any proposed settlement.

      

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

      (d) Non-exclusivity.
        The
        right to indemnification and the payment of expenses incurred in defending
        a
        Proceeding in advance of its final disposition conferred in this Section
        7 shall
        not be exclusive of any other right which the Executive may have or hereafter
        may acquire under any statute or certificate of incorporation or by-laws
        of the
        Company or any subsidiary, agreement, vote of shareholders or disinterested
        directors or trustees or otherwise.

      

      8. Other
        Provisions.

      

      8.1 Notices.
        Any
        notice or other communication required or which may be given hereunder shall
        be
        in writing and shall be delivered personally, telecopied, telegraphed or
        telexed, or sent by certified, registered or express mail, postage prepaid,
        to
        the parties at the addresses specified on the signature page hereto, or at
        such
        other addresses as shall be specified by the parties by like notice, and
        shall
        be deemed given when so delivered personally, telecopied, telegraphed or
        telexed, or if mailed, two days after the date of mailing, to the addresses
        specified on the signature page hereto, or, in the case of the Company, to
        such
        other address as the Company may specify as the address for its executive
        offices in any reports filed by the Company with the Securities and Exchange
        Commission.

      

      8.2 Entire
        Agreement.
        This
        Agreement contains the entire agreement between the parties with respect
        to the
        subject matter hereof and supersedes all prior contracts and other agreements,
        written or oral, with respect thereto. 

      

      8.3 Waivers
        and Amendments.
        This
        Agreement may be amended, modified, superseded, cancelled, renewed or extended,
        and the terms and conditions hereof may be waived, only by a written instrument
        signed by the parties or, in the case of a waiver, by the party waiving
        compliance. No delay on the part of any party in exercising any right, power
        or
        privilege hereunder shall operate as a waiver thereof, nor shall any waiver
        on
        the part of any party of any right, power or privilege hereunder, nor any
        single
        or partial exercise of any right, power or privilege hereunder preclude any
        other or further exercise thereof or the exercise of any other right, power
        or
        privilege hereunder.

      

      8.4 Governing
        Law.
        This
        Agreement shall be governed by, and construed in accordance with and subject
        to,
        the laws of the State of Nevada applicable to agreements made and to be
        performed entirely within such state.

      

      8.5 Binding
        Effect; Benefit.
        This
        Agreement shall inure to the benefit of and be binding upon the parties hereto
        and any successors and assigns permitted or required by Section 8.6 hereof.
        Nothing in this Agreement, expressed or implied, is intended to confer on
        any
        person other than the parties hereto or such successors and assigns, any
        rights,
        remedies, obligations or liabilities under or by reason of this
        Agreement.

      

      
        
          
          

        

        
          10

          
            

          

        

        
          
          

        

      

      8.6 Assignment.
        This
        Agreement, and the Executive’s rights and obligations hereunder, may not be
        assigned by the Executive. The Company may assign this Agreement and its
        rights,
        together with its obligations, hereunder in connection with any sale, transfer
        or other disposition of all or substantially all of its assets or business,
        whether by merger, consolidation or otherwise.

      

      8.7 Definitions.
        For
        purposes of this Agreement:

      

      (a) “Affiliate”
        shall
        mean a person that, directly or indirectly, controls or is controlled by,
        or is
        under common control with the Company:

      

      (b) ;“Control”
        (including, with correlative meaning, the terms “controlled by” and “under
        common control with”) as used with respect to any person or entity, shall mean
        the possession, directly or indirectly, of the power to direct or cause the
        direction of the management;

      

      (c) “Subsidiary”
        shall
        mean any person or entity as to which the Company, directly or indirectly,
        owns
        or has the power to vote, or to exercise a controlling influence with respect
        to, fifty percent (50%) or more of the securities of any class of such person,
        the holders of which class are entitled to vote for the election of directors
        (or persons performing similar functions) of such person.

      

      8.8 D&O
        Insurance.
        During
        the term of this Agreement, the Company shall maintain customary Director’s
&Officer’s liability insurance with the level of coverage of at least $5
        million. As Chief Operating Officer, Executive shall be covered under this
        policy to the maximum extent as determined by the insurer or a court of
        law.

      

      8.9 Counterparts.
        This
        Agreement may be executed in two or more counterparts, each of which shall
        be
        deemed an original but all of which together shall constitute one and the
        same
        instrument.

      

      8.10 Headings.
        The
        headings in this Agreement are for reference purposes only and shall not
        in any
        way affect the meaning or interpretation of this Employment
        Agreement.

      

       

      [Continued
        on next page]

       

       

      
        
          
          

        

        
          11

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties have executed this Agreement as of the date
        first
        above written.

      

      
        	 	 	 
	 	Thorium
                Power,
                LTD.
	 
 	 
 	 
 
	
              	By:  	/s/
                Seth Grae
	 	
                
Seth
                Grae
	 	Chief
                Executive Officer
	 	 
	
                Address:  8300
                  Greensboro Drive, Suite 800

                McLean,
                  VA 22102 

              

       

      
        

        
          	 	 	 
	 	EXECUTIVE:
	 
 	 
 	 
 
	
                	By:  	/s/
                  Erik Hallstrom
	 	
                  
Erik
                  Hallstrom
	 	 
	
                   Address:  2815
                    28th
                    Street, NW

                  Washington,
                    DC 20008 

                

        
          
            
            

          

          
            12

            
              

            

          

          
            
            

          

        

      

      EXHIBIT
        A

      

      NOTICE.
        Various laws, including Title VII of the Civil Rights Act of 1964, the Civil
        Rights Act of 1866, the Pregnancy Discrimination Act of 1978, the Equal Pay
        Act,
        the Civil Rights Act of 1991, the Age Discrimination in Employment Act, the
        Rehabilitation Act of 1973, the Americans With Disabilities Act, the Employee
        Retirement Income Security Act and the Uniformed Services Employment and
        Reemployment Rights Act (all as amended from time to time), prohibit employment
        discrimination based on sex, race, color, national origin, religion, age,
        disability, eligibility for covered employee benefits and veteran status.
        You
        may also have rights under laws such as the Older Worker Benefit Protection
        Act
        of 1990, the Worker Adjustment and Retraining Act of 1988, the Fair Labor
        Standards Act, the Family and Medical Leave Act, the Occupational Health
        and
        Safety Act and other federal, state and/or municipal statutes, orders or
        regulations pertaining to labor, employment and/or employee benefits. These
        laws
        are enforced through the United States Department of Labor and its agencies,
        including the Equal Employment Opportunity Commission (EEOC), and various
        state
        and municipal labor departments, fair employment boards, human rights
        commissions and similar agencies.

      

      This
        General Release is being provided to you in connection with the Employment
        Agreement between you and Thorium Power dated February 1, 2007 (the
“Agreement”). The federal Older Worker Benefit Protection Act requires that you
        have at least twenty-one (21) days, if you want it, to consider whether you
        wish
        to sign a release such as this one in connection with a special, individualized
        severance package. You have until the close of business twenty-one (21) days
        from the date you receive this General Release to make your decision. You
        may
        not sign this General Release until, at the earliest, your official date
        of
        separation from employment, _________________.

      

      BEFORE
        EXECUTING THIS GENERAL RELEASE YOU SHOULD REVIEW THESE DOCUMENTS CAREFULLY
        AND
        CONSULT WITH YOUR ATTORNEY.

      

      You
        may
        revoke this General Release within seven (7) days after you sign it and it
        shall
        not become effective or enforceable until that revocation period has expired.
        If
        you do not accept the severance package and sign and return this General
        Release, or if you exercise your right to revoke the General Release after
        signing it, you will not be eligible for the special, individualized severance
        package. Any revocation must be in writing and must be received by Thorium
        Power
        Attention: Seth Grae, 8300 Greensboro Drive, Suite 800, McLean, VA 22102,
        within
        the seven-day period following your execution of this General
        Release.

      

      ______________________________________________________________________________

      

      

      
        
          
          

        

        
          13

          
            

          

        

        
          
          

        

      

      GENERAL
        RELEASE

      

      In
        consideration of the special, individualized severance package offered to
        me by
        Thorium Power, Ltd. and the separation benefits I will receive as reflected
        in
        the Employment Agreement between me and Thorium Power, Ltd, dated February
        1,
        2007 (the “Agreement”), I hereby release and discharge Thorium Power, Ltd. and
        its predecessors, successors, affiliates, parent, subsidiaries and partners
        and
        each of those entities’ employees, officers, directors and agents (hereafter
        collectively referred to as the “Company”) from all claims, liabilities,
        demands, and causes of action, known or unknown, fixed or contingent, which
        I
        may have or claim to have against the Company either as a result of my past
        employment with the Company and/or the severance of that relationship and/or
        otherwise, and hereby waive any and all rights I may have with respect to
        any
        such claims.

      

      This
        General Release includes, but is not limited to, claims arising under Title
        VII
        of the Civil Rights Act of 1964, the Civil Rights Act of 1866, the Pregnancy
        Discrimination Act of 1978, the Equal Pay Act, the Civil Rights Act of 1991,
        the
        Age Discrimination in Employment Act, the Rehabilitation Act of 1973, the
        Americans With Disabilities Act, the Employee Retirement Income Security
        Act or
        1974 and the Uniformed Services Employment and Reemployment Rights Act (all
        as
        amended from time to time). This General Release also includes, but is not
        limited to, any rights I may have under the Older Workers Benefit Protection
        Act
        of 1990, the Worker Adjustment and Retraining Act of 1988, the Fair Labor
        Standards Act, the Family and Medical Leave Act, the Occupational Health
        and
        Safety Act and any other federal, state and/or municipal statutes, orders
        or
        regulations pertaining to labor, employment, wages, and/or employee benefits.
        This General Release also applies to any claims or rights I may have growing
        out
        of any legal or equitable restrictions on the Company’s rights not to continue
        an employment relationship with its employees, including any express or implied
        employment contracts, and to any claims I may have against the Company for
        fraudulent inducement or misrepresentation, defamation, wrongful termination
        or
        other retaliation claims in connection with workers’ compensation or alleged
“whistleblower” status or on any other basis whatsoever.

      

      It
        is
        specifically agreed, however, that this General Release does not have any
        effect
        on any rights or claims I may have against the Company which arise after
        the
        date I execute this General Release or on any vested rights I may have under
        any
        of the Company’s qualified or non-qualified benefit plans or arrangements as of
        or after my last day of employment with the Company, or on any of the Company’s
        obligations under the Agreement or as otherwise required under the Consolidated
        Omnibus Budget and Reconciliation Act of 1985 (COBRA). It is further agreed
        that
        this General Release shall not bar any claims Executive may have under those
        provisions of Sections 7 of his Employment Agreement that survive the
        termination of such Employment Agreement.

      

      I
        have
        carefully reviewed and fully understand all the provisions of the Agreement
        and
        General Release, including the foregoing Notice. I have not relied on any
        representation or statement, oral or written, by the Company or any of its
        representatives, which is not set forth in those documents.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      The
        Agreement and this General Release, including the foregoing Notice, set forth
        the entire agreement between me and the Company with respect to this subject.
        I
        understand that my receipt and retention of the separation benefits covered
        by
        the Agreement are contingent not only on my execution of this General Release,
        but also on my continued compliance with my other obligations under the
        Agreement. I acknowledge that the Company gave me twenty-one (21) days to
        consider whether I wish to accept or reject the separation benefits I am
        eligible to receive under the Agreement in exchange for this General Release.
        I
        also acknowledge that the Company advised me to seek independent legal advice
        as
        to these matters, if I chose to do so. I hereby represent and state that
        I have
        taken such actions and obtained such information and independent legal or
        other
        advice, if any, that I believed were necessary for me to fully understand
        the
        effects and consequences of the Agreement and General Release prior to signing
        those documents.

      

      
        	Dated
                this ___ day of __________, ____. 	 	 	 
	 	 	 	 
	 	 	 	 
	
              	 	 	
              
	
              	 	 	
                
Erik
                Hallstrom
	 	 	 	 

      

       

       

       

      
        
          
          

        

        
          -2-

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