Document:

ex_10-1.htm

    
      

      

    

    Exhibit 10.1

     

     

    
      Exhibit
10.1  Employment Agreement between the Company and John
Argo

      

      EMPLOYMENT  AGREEMENT

      

      This
Employment Agreement (“Agreement”) is entered into by
and between OCTuS, Inc.,
a Nevada corporation with principal offices at 719 Second Street, Suite 9, Davis, CA 95616 (“OCTuS” or the “Company”) and John Argo, an
individual with primary residence at 1717 4th Ave.,
Sacramento, CA 95818-3027 (“Employee”) effective as of the
1st day of April, 2009 (the “Effective Date”), as
follows:

      

      AGREEMENT

      

      1.           Employment. OCTuS
wishes to employ Employee and Employee agrees to provide services for OCTuS on
the terms and conditions set forth below.

      

      2.           Employment; Scope of
Employment. Employee shall be employed as the Director of Energy Projects
& Finance of OCTuS, and shall have the authority, and the duties and
responsibilities as are assigned or modified by OCTuS’ Board of Directors,
provided, that such authority, and duties and responsibilities shall be
commensurate and consistent with Employee’s position.

       

             
2.1           Best Efforts; Working
Time. Employee agrees to devote sufficient working time and best
efforts to perform Employee’s duties hereunder. There are three distinct time
periods through which the Employee will be full time and eligible for full
benefits.

      

      During
the Initial Period, herein defined as that period of time from the initiation of
this Agreement until the Company has Funding or Revenue sufficient to pay $5,000
per month to Employee, Employee shall devote a minimum of 20 hours per week
exclusively to Octus and will accrue $5,000 as short term debt to the
Company.

      

      During
the Second Period, herein defined as that period of time until the Company has
Funding or Revenue sufficient to pay $5,000 per month to Employee, Employee
shall receive $5,000 per month and shall work exclusively with Octus as a full
time Employee.

      

      During
the Third Period, herein defined as that period of time until the Company has
Funding or Revenue sufficient to pay a full salary of $10,000 per month,
Employee shall receive $10,000 per month and be eligible for bonus, benefits and
stock options as they become available.

      

      2.2          
Supervision and
Direction of Services. All of Employee’s services hereunder shall be
under the supervision and direction of the Board of Directors of
OCTuS.

      

      2.3          
Rules. Employee
shall be bound by all the policies, rules and regulations of OCTuS now in force
and by all such other policies, rules and regulations as may be hereafter
implemented and shall faithfully observe and abide by the same. In the event
that there is any conflict between the terms of this Agreement and any of OCTuS’
policies, rules and regulations, the terms of this Agreement shall
govern.

      

      2.4         
 Exclusive
Services.  During the Term of this Agreement and any extension
of this Agreement, Employee shall not, directly or indirectly, whether as a
partner, employee, creditor, shareholder, independent contractor or otherwise,
promote, participate or engage in any activity or other business which is
competitive with OCTuS’ business operations, with the exception of Employee’s
relationship with Bloo Solar, Inc.; provided, however, that this provision shall
not preclude or prohibit Employee from holding or obtaining an indirect and
passive beneficial ownership, through a mutual fund or similar arrangement, of
up to one percent of any publicly-held company which is competitive with OCTuS
as long as Employee does not otherwise promote, participate or engage in the
business operations of such company. Employee agrees that Employee shall not
enter into an agreement to establish, form, contract with or become employed by
a competing business of OCTuS while Employee is employed by OCTuS.

      

      2.5          
Non-Solicitation. To
the fullest extent permissible under applicable law, Employee agrees that both
during the term of this Agreement and for a period of two (2) yearsfollowing
termination of this Agreement, Employee shall not take any action to induce
employees or independent contractors of OCTuS to sever their relationship with
OCTuS and accept an employment or an independent contractor relationship with
any other business.

      

      3.           Term and Termination;
Payments upon Termination.

      

      3.1         
 Term and
Termination. Unless earlier terminated as described below, OCTuS hereby
employs the Employee for a period commencing on the Effective Date and ending
thirty-six (36) months from the Effective Date (the “Term”). The Term shall be
extended automatically for successive one-year terms unless either party
notifies the other party in writing at least ninety (90) days prior to the
expiration of the then-effective Term of such party’s intention not to renew
this Agreement.

       

      
        
          
          

        

        
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      3.1.1        Termination for
Cause.  “Cause” for termination of
Employee’s employment shall mean the occurrence of any of the
following:

      

      (a)         Employee
has breached a material term hereof, which remains uncured for thirty (30) days
after a written notice of breach (which notice shall describe the particulars of
Employee’s breach in sufficient detail to allow Employee the reasonable
opportunity to cure the breach, if susceptible of being cured within such thirty
(30) day period) and written demand for performance are delivered to Employee by
the Board of Directors;

      

      (b)         Employee
has been grossly negligent or engaged in material willful or gross misconduct in
the performance of Employee’s duties;

      

      (c)         Employee
has committed, as determined by the Board of Directors of OCTuS, or has been
convicted by a court of law of, fraud, moral turpitude, embezzlement, theft, or
dishonesty, or other similar criminal conduct, and such misconduct is committed
in connection with Employee’s employment with OCTuS;

      

      (d)         Employee
has been convicted by a court of law of a felony involving fraud, moral
turpitude, embezzlement, theft, or dishonesty or other similar criminal
conduct;

       

      (e)         Habitual
misuse of alcohol or  drugs; or

      

      (f)          Employee’s
breach of the Nondisclosure and Noncompetition Agreement attached hereto as
Schedule 1, and described in Section 6 herein.

      

      3.1.2        Termination for Good
Reason.

      

      (a)          Employee
may terminate this Agreement for “Good Reason.” As used herein, “Good Reason”
means (i) any material breach by OCTuS of this Agreement; (ii) the assignment of
duties to Employee by OCTuS that are not consistent or commensurate with and
Employee’s position as Director, Energy Projects & Finance of OCTuS (other
than any duties that are consistent and commensurate with a higher position, and
not including any reduction in Employee’s duties during any investigation or
proceedings initiated by OCTuS in good faith pursuant to Section 3.1.1 with
regard to a possible termination of Employee for Cause); (iii) the relocation of
Employee’s primary office location to outside of the initial metropolitan area
Employee is established in without Employee’s prior consent; (iv) the reduction
of Employee’s Base Salary; (v) OCTuS’  termination of Employee’s
status as Director, Energy Projects & Finance of OCTuS.

       

      (b)           In order to terminate this Agreement
for Good Reason, Employee shall provide OCTuS with (i) written notice of the
Good Reason (which notice shall describe the particulars of OCTuS’ breach in
sufficient detail to allow OCTuS the reasonable opportunity to remedy or
eliminate the Good Reason(s) if susceptible of being remedied or eliminated);
and (ii) shall allow OCTuS thirty (30) days within which to remedy or eliminate
the Good Reason(s). In the
event that Employee provides such notice and OCTuS fails to remedy or eliminate
the Good Reason(s) within such thirty-day period, Employee shall be entitled to
provide OCTuS with written notice (of not less that thirty (30) days) that
Employee is terminating this Agreement as a result of such Good
Reason(s).

       

      3.1.3        
Termination
Other Than for Cause or Good Reason.  OCTuS may terminate
Employee’s employment at any time, without Cause, upon written notice to
Employee.

       

      3.2           Payments
upon Termination.

      

      3.2.1         For Cause or Voluntary
Termination.  Following a termination of this Agreement
by OCTuS for Cause, or a Voluntary
Termination by Employee, or any other termination by Employee other than for
Good Reason or due to Employee’s death, Employee shall be entitled to receive in
cash payment (less normal and customary deductions and withholdings) an amount
equal to all accrued but unpaid compensation (including accrued but unused
vacation leave) as of the date of such termination.

      

      3.2.2         Without
Cause.  Following any termination of this Agreement by OCTuS
other than for Cause, or a termination by Employee for Good Reason or due to
Employee’s death, Employee (or Employee’s estate) shall be entitled to receive
in cash payment an amount equal to all previously accrued but unpaid
compensation (including accrued but unused vacation leave) as of the date of
such termination, and a lump sum payment (less normal and customary deductions
and withholdings) equal to the amount of Base Salary that Employee would have
earned if Employee had remained employed with OCTuS for three months past the
date of termination during the initial period and period two as defined in
section 2.1 and for six months past the date of termination during and
subsequent to period three as defined in section 2.1.

       

      
        
          
          

        

        
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      3.2.3         Section 409A.  It is intended that this
Agreement will comply with Section 409A of the Internal Revenue Code (and any
regulations and guidelines issued thereunder) to the extent the Agreement is
subject thereto, and the Agreement shall be interpreted on a basis consistent
with such intent.  If an amendment to the Agreement is necessary in
order for it to comply with Section 409A, the parties hereto will negotiate in
good faith to amend the Agreement in a manner that preserves the original intent
of the parties to the extent reasonably possible.

      

      4.           Compensation;
Benefits.

      

      4.1           Salary.  Upon
the initiation of Period Three as defined in Section 2.1, Employee shall be paid
a Base Salary of One Hundred Twenty thousand dollars ($120,000) per year, as
adjusted pursuant to this Section 4.1 (“Base Salary”). The Base Salary shall be
subject to normal payroll withholdings and OCTuS’ standard payroll practices. On
the first anniversary of the Effective Date and each anniversary date
thereafter, Employee’s Base Salary shall be increased annually by a minimum of a
cost of living factor determined as follows: (i) Employee’s Base Salary as of
the last day of the prior Contract Year shall be multiplied by a fraction equal
to (A) the published Consumer Price Index selected by OCTuS (“CPI”) for the
first day of the new Contract Year (“New Year”), divided by (B) the CPI for the
first day of the Contract Year immediately preceding such New Year, and (ii) the
resulting product shall be added to Employee’s Base Salary, and shall be the
Base Salary for the New Year.

      

      4.2           Bonus
Amounts.  Employee shall be eligible to participate in any
OCTuS bonus program that is applicable to officers of OCTuS as may be adopted
and in effect from time to time (subject to the terms and conditions of any such
program).  In addition, Employee shall be eligible for an annual
discretionary bonus of up to thirty percent (30%) of Employee’s Base Salary, as
then in effect pursuant to Section 4.1 (and pro-rated for any partial year), as
determined by the OCTuS Compensation Committee or Board of
Directors.

      

      4.3           Stock;
Share Grant.  OCTuS shall grant and
issue to Employee upon the execution of this Agreement Two Hundred Fifty
Thousand (250,000) Common Shares, such shares to be deemed granted in, pursuant to
the terms and conditions set forth in a separate Restricted Stock Purchase
Agreement entered into by Employee and OCTuS.

      

      4.4           Stock Options.   Employee shall be eligible to receive
stock options and other awards in accordance with the company’s Employee Stock
Option Plan, in amounts to be determined by the Company’s compensation committee
or other administrator of the plan.

      

      4.5           Vacation and other Standard
Benefits. Employee shall be entitled to three (3) weeks of paid vacation
time per year.  Employee may not accrue vacation time in excess of
such three (3) week maximum.  Accrual of vacation time shall be
subject to the terms and conditions of OCTuS’ vacation
policy.  Employee shall be entitled to health benefits in accordance
with OCTuS’ standard policies.  In addition, Employee is entitled to
paid holidays, sick leave and other benefits in accordance with OCTuS’ standard
policies.

      

      4.6           Business
Expenses.  Employee shall be reimbursed for reasonable business
expenses which Employee incurs in the performance of Employee’s duties
hereunder, in accordance with OCTuS’ standard reimbursement
policies.

      

      4.7           Education and Certification
Expenses.  OCTuS will fund the completion of a Certified Energy
Manager credential on behalf of Employee.

      

      5.           Employment
Information.  Employee represents and warrants to OCTuS that
information provided by Employee in connection with Employee’s employment and
any supplemental information provided to OCTuS is, to the best of Employee’s
knowledge and information after good faith diligence and investigation,
complete, true and materially correct. Employee has not omitted any information
that is necessary to evaluate the information provided by Employee to OCTuS.
Employee shall promptly notify OCTuS of any change in the accuracy or
completeness of all such information.

      

      6.           Trade
Secrets.  Employee acknowledges that OCTuS will go to great
time and expense to develop customers and to develop procedures and processes
for development of products and services and the sales of products and
services.  Such procedures and processes in addition to various other
types of proprietary information are included as part of the “confidential
information” described in the “Nondisclosure and Noncompetition Agreement”
attached hereto as Exhibit
A.  Employee agrees to execute OCTuS’ Nondisclosure and
Noncompetition Agreement contemporaneously with the execution of this Agreement
and employment.

      

      7.           Remedies for Breach of
Covenant Regarding Confidentiality.  The parties agree that the
breach by Employee of any covenants contained in Sections 2.4, 2.5, and 6 will
result in immediate and irreparable injury to OCTuS. In the event of any breach
by Employee of the covenants contained in Sections 2.4, 2.5, or 6, OCTuS shall
be entitled to seek recourse through all available legal and equitable remedies
necessary or useful to prevent any likelihood of immediate or irreparable injury
to OCTuS.  The parties agree that, in the case of such a breach or
threat of breach by Employee of any of the provisions of such Sections, OCTuS
may take any appropriate legal action, including without limitation an action
for injunctive relief, consisting of orders temporarily restraining and
preliminarily and permanently enjoining such actual or threatened
breach.

       

      
        
          
          

        

        
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      8.           Miscellaneous.

      

      8.1           Insurance.  Employer
shall initiate and maintain Officers and Directors insurance in an amount to be
determined by the Board of Directors but in any event not less than $500,000 per
incident.

      

      8.2           Choice of Law, Jurisdiction,
Venue. The rights and obligations of the parties and the interpretation
and performance of this Agreement shall be governed by the laws of California,
excluding its conflict of laws rules, except as such laws may be interpreted,
enforced, or pre-empted by federal law.

      

      8.3           Entire
Agreement.   This Agreement and the Nondisclosure and
Noncompetition Agreement described in Section 6 contain the entire Agreement
among the parties hereto with respect to the subject matter hereof, and
supersede all prior and contemporaneous oral and written agreements,
understandings and representations among the parties.  There are no
representations, agreements, arrangements, or understandings, whether oral or
written, between or among the parties relating to the subject matter of this
Agreement that are not fully expressed herein and therein.

      

      8.4           Notices. Any notice
under this Agreement shall be in writing, and any written notice or other
document shall be deemed to have been duly given (i) on the date of personal
service on the parties, (ii) on the third business day after mailing, if the
document is mailed by registered
or certified mail, (iii) one day after being sent by professional or overnight
courier or messenger service guaranteeing one-day delivery, with receipt
confirmed by the courier, or (iv) one business day after transmission by
telecopy or other means of electronic transmission resulting in written copies,
with confirmation of successful transmission.  Any such notice
shall be delivered or addressed to the parties at the addresses set forth above
or at the most recent address specified by the addressee through written notice
under this provision. Failure to conform to the requirement that mailings be
done by registered or certified mail shall not defeat the effectiveness of
notice actually received by the addressee.

       

      8.5           Severability. OCTuS
and Employee agree that should any provision of this Agreement be declared or be
determined by any court or other tribunal (including an arbitrator) of competent
jurisdiction to be illegal, invalid or unenforceable, the legality, validity and
enforceability of the remaining parts, terms and provisions shall not be
affected thereby, and said illegal, unenforceable or invalid part, term or
provision shall be deemed not to be part of this Agreement.

      

      8.6           Amendment. The
provisions of this Agreement may be modified at any time by agreement of the
parties; provided that such modification shall be ineffective unless in writing
and signed by the parties hereto.

       

      8.7           No Transfer or Assignment;
No Third-Party Beneficiaries. The rights of Employee hereunder have been
granted by OCTuS with the understanding that this Agreement is personal to, and
shall be performed by Employee individually. This Agreement is not transferable
or assignable by Employee in any manner.  No person or entity other
than OCTuS and Employee shall have any rights whatsoever under this Agreement or
to recover damages on account of a breach of this Agreement.  No
person or entity other than OCTuS or Employee shall have any right to enforce
any provision of this Agreement. No heir, successor or assign of Employee,
whether voluntarily or by operation of law, shall have or succeed to any rights
of OCTuS or Employee hereunder.

      

      8.8           Waiver. Any of the
terms or conditions of this Agreement may be waived at any time by the party
entitled to the benefit thereof, but no such waiver shall affect or impair the
right of the waiving party to require observance, performance or satisfaction of
that term or condition as it applies on a subsequent occasion or of any other
term or condition.

      

      8.9           Resolution of
Disputes.

       

      8.9.1         Resolution of
Disputes. OCTuS and Employee agree that, except as otherwise provided
herein, any claim or controversy arising out of or pertaining to this Agreement
or the termination of Employee's employment, including but not limited to,
claims of wrongful treatment or termination allegedly resulting from
discrimination, harassment or retaliation on the basis of race, sex, age,
national origin, ancestry, color, religion, marital status, status as a veteran
of the Vietnam era, physical or mental disability, medical condition, or any
other basis prohibited by law ("Dispute"),  shall be
resolved through binding arbitration, as provided in this Section.

      

      8.9.2         Binding Arbitration.
The provisions of this Section shall not
preclude any party from seeking injunctive or other provisional or equitable
relief in order to preserve the status quo of the parties pending resolution of
a Dispute, and the filing of an action seeking injunctive or other provisional
relief shall not be construed as a waiver of that party's arbitration rights.
Except as provided herein, the arbitration of any Dispute between the parties to
this Agreement shall be governed by the American Arbitration Association (“AAA”) Employment Arbitration
Rules (the “AAA Rules”).

       

      
        
          
          

        

        
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      8.9.3         Appointment of
Arbitrator.  Within thirty (30) days of service of a demand for
arbitration by a party to this Agreement, the parties shall endeavor in good
faith to select from the AAA list of labor and employment arbitrators a single
arbitrator, who must be a licensed attorney; if the parties fail to do so within
such 30-day period, an arbitrator shall be selected in accordance with the AAA
Rules.

      

      8.9.4         Initiation of
Arbitration. In the case of any Dispute between the parties to this
Agreement, either party shall have the right to initiate the binding arbitration
process provided for in this paragraph by serving upon the other party a demand
for arbitration within the statutory time period from the date the Dispute first
arose.

      

      8.9.5         Location of
Arbitration. Any arbitration hearing shall be conducted in Sacramento,
California.

      

      8.9.6         Applicable Law. The
law applicable to the arbitration of any Dispute shall be, as provided in
Section 8.1 and the Federal Arbitrator Act (Title 9, US Code, Section 1 et
Seq.).

      

      8.9.7         Arbitration
Procedures. In addition to any of the procedures or processes available
under the AAA Rules, the parties shall be entitled to conduct discovery
sufficient to adequately arbitrate their claims and/or defenses, including
access to relevant documents and witnesses, as determined by the arbitrator(s).
In addition, either party may choose, at that party’s discretion, to request
that the arbitrator(s) resolve any dispositive motions prior to the taking of
evidence on the merits of the Dispute. In the event a party to the arbitration
requests that the arbitrator(s) resolve a dispositive motion, the arbitrator(s)
shall receive and consider any written or oral arguments regarding the
dispositive motion, and shall receive and consider any evidence specifically
relating thereto, and shall render a decision thereon, before hearing any
evidence on the merits of the Dispute.

      

      8.9.8         Scope of Arbitrators' Award
or Decision. OCTuS and Employee agree that if the arbitrators find any
Disputed claim to be meritorious, the arbitrators shall have the authority to
order all forms of legal and/or equitable relief that would otherwise be
available in court and that is appropriate to the claim. Any decision or award
by the arbitrators shall be a reasoned opinion in writing citing facts and law
and shall be specific enough to permit limited judicial review if
necessary.

      

      8.9.9         Costs of Arbitration;
Attorneys’ Fees.  OCTuS and Employee agree that the
arbitrators, in their discretion and consistent with applicable law, may award
to the prevailing party the costs and attorneys’ fees incurred by that party in
participating in the arbitration process as long as they do not exceed those
that would be incurred by Employee in a court action.

      

      8.9.10       Acknowledgment of Consent to
Arbitration.  NOTICE:  BY EXECUTING THIS AGREEMENT
THE PARTIES AGREE TO HAVE ANY DISPUTE ARISING OUT OF THE MATTERS INCLUDED IN THE
"RESOLUTION OF DISPUTES" PROVISION DECIDED BY NEUTRAL ARBITRATION AS PROVIDED
HEREIN AND WAIVE ANY RIGHTS THEY MAY HAVE TO HAVE THE DISPUTE DECIDED BY A JUDGE
OR A JURY.  BY EXECUTING THIS AGREEMENT, THE PARTIES WAIVE THEIR
JUDICIAL RIGHTS TO APPEAL.  IF EITHER PARTY REFUSES TO SUBMIT TO
ARBITRATION AFTER AGREEING TO THIS PROVISION, SUCH PARTY MAY BE COMPELLED TO
ARBITRATE.  THE PARTIES’ AGREEMENT TO THIS ARBITRATION PROVISION IS
VOLUNTARY. THE PARTIES REPRESENT THAT THEY HAVE READ AND UNDERSTAND THE
FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING OUT OF THE MATTERS INCLUDED IN
THIS PROVISION TO NEUTRAL ARBITRATION.

      

      8.10           Exhibits. All
exhibits to which reference is made are deemed incorporated in this Agreement
whether or not actually attached.

      

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 	 	 	
                                    OCTuS,
      Inc.,

                                    a
      Nevada corporation

                                  	 
	 	 	 	 	 
	
                                     

                                  	 	 	
                                    /s/
      Christian Soderquist

                                  	 
	
                                     

                                  	 	 	
                                    By:
      Christian Soderquist

                                    Title: Chief Executive Officer

                                  	 
	
                                     

                                  	 	 	
                                     

                                  	 
	 	 	 	Employee:	 
	 	 	 	 	 
	 	 	 	/s/
      John Argo	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
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      EXHIBIT
A

      

      

      OCTuS,
INC.

      NONDISCLOSURE AND
NONCOMPETITION AGREEMENT

      

      As an
employee of OCTuS, Inc., a Nevada corporation, I hereby agree to observe all the
provisions of this Agreement, as well as all other rules and policies that the
Company may announce from time to time. Furthermore, this AGREEMENT is provided
by me for the benefit of OCTuS, Inc., its subsidiaries, affiliates, successors
and assigns (collectively referred to as
the "Company"). This Agreement serves as a legally binding acknowledgment and
assignment of the ownership of all "Work Product" (as defined below) that the
Company may encounter.

      

      Section
1. AVOIDANCE OF CONFLICT OF INTEREST

      

      While
employed by the Company, I will not engage in any other business activity that
conflicts with my duties to the Company. Under no circumstances will I work for
any competitor or have any financial interest in any competitor of the Company;
provided, however, that this Agreement does not prohibit investment of a
reasonable part of my assets in the stock or securities of any competitor whose
stock or securities are publicly traded on a national exchange.

      

      Section
2. OWNERSHIP AND RIGHTS IN WORK PRODUCT

      

      For
purposes of this Agreement, "Work Product" shall mean all intellectual property
rights, including all trade secrets, U.S. and international copyrights,
patentable inventions, and other intellectual property rights in any
programming, documentation, technology, or other work product that is created in
connection with my Work. In addition, all rights in any preexisting programming,
documentation, technology, or other Work Product provided to the Company during
the course of my employment or engagement shall automatically become part of the
Work Product hereunder, whether or not it arises specifically out of my "Work."
For purposes of this Agreement, "Work" shall mean (1) any direct assignments and
required performance by or for Company, and (2) any other productive output that
relates to the business of the Company and is produced during the course of my
engagement by the Company. For this purpose, Work may be considered present even
after normal working hours, away from Owner's premises, on an unsupervised
basis, alone or with others. Unless otherwise provided in a subsequent writing
signed by the Company, this Agreement shall apply to all Work Product created in
connection with all Work conducted before or after the date of this
Agreement.

      

      The
Company shall own all rights in the Work Product. To this end, all Work Product
shall be considered Work made by me for hire for the Company. If any of the Work
Product may not, by operation of law or agreement, be considered Work made by me
for hire for Company (or if ownership of all rights therein do not otherwise
vest exclusively in the Company), I agree to assign, and upon creation thereof
automatically assign, without further consideration, the ownership thereof to
the Company. I hereby irrevocably relinquish for the benefit of the Company and its assigns any moral rights in
the Work Product recognized by applicable law. The Company shall have the right to obtain and hold, in whatever name or
capacity it selects, copyrights, registrations, and any other protection
available in the Work Product.

      

      I agree
to perform upon the request of the Company, during or after my Work such further
acts as may be necessary or desirable to transfer, perfect, and defend Owner's
ownership of the Work Product, including by (1) executing, acknowledging, and
delivering any requested affidavits and documents of assignment and conveyance,
(2) obtaining and/or aiding in the enforcement of copyrights, trade secrets, and
(if applicable) patents with respect to the Work Product in any countries, and
(3) providing testimony in connection with any proceeding affecting the rights
of the Company in any Work Product.

      

      I warrant
that my Work for the Company does not and will not in any way conflict with any
remaining obligations I may have with any prior employer or contractor. I also
agree to develop all Work Product in a manner that avoids even the appearance of
infringement of any third party's intellectual property rights.

      

      Section
3. CONFIDENTIALITY AND NON-DISCLOSURE

      

      During
the course of my engagement and afterwards, I agree not to use or disclose any
Nondisclosure and Noncompetitionor trade secrets of the Company at any time
except as necessary to perform my duties for the Company. Nondisclosure and
Noncompetition shall include all financial information, business plans and
contracts that have not been issued for public notice. Under the law, a "trade
secret" is a type of intangible property, the theft (i.e., misappropriation) of
which is a tort and crime in most states. It does not have to be in written form
to be protected. A trade secret generally consists of valuable, secret
information or ideas that the Company collects or uses in order to keep its
competitive edge, including confidential information supplied to the Company by
its customers, clients, vendors, or agents. Examples of trade secrets are such
technical information as manufacturing or operating processes, equipment design,
product specifications, computer software in source code form, and other
proprietary technology, and such business information as selling and pricing
information and procedures, customer lists, business and marketing plans, ideas
and plans for products, services or other business development, and internal
financial statements. These restrictions do not apply to any information
generally available to the public or any information properly obtained from a
completely independent source.

       

      
        
          
          

        

        
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      Furthermore,
I agree to maintain in strict confidence, and agree not to use and disclose
except as authorized by the Company, any information of a competitively
sensitive or proprietary nature that I receive from the Company, Inc. or its
clients or contractors in connection with my services hereunder. The Company
agrees to take reasonable steps to identify, and cause its clients and
contractors to identify, for my benefit such information, including by using
confidentiality notices in written material where appropriate. These
restrictions shall not be construed to apply to (1) information generally
available to the public, (2) information released by the Company or its clients
or contractors, as the case may be, generally without restriction, (3)
information independently developed or acquired by me without reliance in any
way on other protected information of the Company or its clients or contractors,
or (4) information approved by the Company or its clients or contractors, as the
case may be, for my use and disclosure without restriction.

      

       Section
4. RETURN OF MATERIALS

      

      Upon the
request of the Company and, in any event, upon termination of my employment, I
will leave with the Company all memoranda, notes, records, drawings, manuals,
disks, or other documents and media pertaining to the Company business,
including all copies thereof.

      

      Section
5. COVENANT NOT TO COMPETE

      

      During
the term hereof and for a period of two years thereafter, I shall not compete,
directly or indirectly, with the Company, interfere with, disrupt or attempt to
disrupt the relationship, contractual or otherwise, between the Company and any
customer, client, supplier, consultant or employee of the Company, including
without limitation, employing or being an investor (representing more than a 5%
equity interest) in, or officer, director or consultant to, any person or entity
which employs any former key or technical employee whose employment with the
Company was terminated after the date which is one year prior to the date of
termination of the employee's employment therewith An activity competitive with
an activity engaged in by the Company shaft mean performing services (whether as
an employee, officer, consultant, director, partner or sole proprietor) for any
person or entity engaged in the business engaged in by the Company during the
time of my relationship with the Company or at the time of my termination of my
relationship with the Company.

      

      It is the
desire and intent of the parties that the provisions of this Section shall be
enforced to the fullest extent permissible under the laws and public policies
applied in each jurisdiction in which enforcement is sought. Accordingly, if any
particular portion of this Section shall be adjudicated to be invalid or
unenforceable, this Section shall be deemed amended to delete therefrom the
portion thus adjudicated to be invalid or unenforceable, such deletion to apply
only with respect to the operation of this Section in the particular
jurisdiction in which such adjudication is made.

      

      Nothing
in this Section shall reduce or abrogate the employee's obligations during the
term of this Agreement.

      

      Section
6. NONINTERFERENCE WITH PERSONNEL RELATIONS

      

      During my
employment with the Company and for a period of twenty four months afterwards, I
will not knowingly solicit, entice, or persuade any other employees of the
Company to leave the services of the Company for any reason.

      

      Section
7. REMEDIES

      

      If there
is a breach or threatened breach of the provisions of this Agreement, the
Company shall be entitled to an injunction restraining the employee from such
breach. Nothing herein shall be construed as prohibiting the Company from
pursuing any other remedies for such breach or threatened breach.

      

      Section
8. GOVERNING LAW

      

      This
Agreement shall be governed by and construed in accordance with the Laws of the
State of California.

      

      Section
9. MISCELLANEOUS

      

      This
Agreement shall inure to the benefit of, and be binding upon, the Company and
its subsidiaries and affiliates, together with their successors and assigns, and
me, together with my executor, administrator, personal representative, heirs,
and legatees.

      

      This
Agreement merges and supersedes all prior and contemporaneous agreements,
undertakings, covenants, or conditions (including specifically all prior
confidentiality and non-competition agreements I have entered), whether oral or
written, express or implied, to the extent they contradict or conflict with the
provisions hereof.

      

      Although
it is understood that my employment is contingent on the acceptance and
observance of this Agreement, this Agreement shall not be construed to make my
employment other than terminable at will at any time by me or the Company in the
sole discretion of either party,

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

      

      IN
WITNESS WHEREOF, I have accepted and executed this Agreement as of this 5th day
of May, 2009

      

      Company:

      
        
          
            
              	 	 	 	 	 
	
                       

                    	 	 	
                       

                    	 
	
                      Christian
      J. Soderquist, CEO

                    	 	 	
                       

                    	 

            

          

        

      

      
 

      Employee:

      
        
          
            
              
                	 	 	 	 	 
	
                         

                      	 	 	
                         

                      	 
	
                        John
      Argo

                      	 	 	
                         

                      	 

              

            

          

        

         

      

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      SCHEDULE
2

      

      OCTuS, INC.

      

      TERMINATION
CERTIFICATION

      

      

      This is
to certify that I do not have in my possession, nor have I failed to return, any
devices, records, data, disks, computer files, notes, reports, proposals, lists,
correspondence, specifications, drawings, blueprints, sketches, materials,
equipment, other documents or property, or reproductions of any aforementioned
items developed by me pursuant to employment with OCTuS or otherwise belonging
to OCTuS, Inc. (“OCTuS”), its successors or
assigns or any parent or subsidiary of OCTuS.

      

      I further certify that I have complied
with all the terms of OCTuS’ Nondisclosure and Noncompetition Agreement signed
by me, including the reporting of any inventions and original works of
authorship (as defined therein), conceived or made by me (solely or jointly with
others) covered by that agreement.

      

      I further agree that, in compliance
with the Nondisclosure and Noncompetition Agreement, I will preserve as
confidential all trade secrets, confidential knowledge, data or other
Nondisclosure and Noncompetition relating to products, processes, know-how,
designs, formulas, developmental or experimental work, computer programs, data
bases, other original works of authorship, customer lists, business plans,
financial information or other subject matter pertaining to any business of
OCTuS, any parent or subsidiary of OCTuS, or any of its respective employees,
clients, consultants or licensees.

      

      I further agree that for twenty four
(24) months from this date, I will not (i) hire any employees of OCTuS, or (ii)
directly or indirectly, solicit, induce, recruit or encourage any OCTuS
employee, consultant, vender, supplier, customer or client to sever its
relationship with OCTuS or accept an employment, consultant or other business
relationship with any other business.

      

      
        
          
            
              
                
                  
                    	 	 	 	 	 
	
                             

                          	 	 	
                             

                          	 
	
                            Employee
      Signature    

                          	 	 	
                            Date

                          	 
	 	 	 	 	 
	 	 	 	 	 
	
                            Employee
      Name

                          	 	 	 	 

                  

                

              

            

          

        

      9ex_10-2.htm

    
      

      

    

    Exhibit 10.2

     

     

    
      Exhibit
10.2 Restricted Stock Purchase Agreement dated May 5, 2009, between
the Company and John Argo

      

      RESTRICTED
STOCK PURCHASE AGREEMENT

      

      This
Stock Purchase Agreement (the “Agreement”) is dated as of the
5th
day of May, 2009 (the “Effective
Date”), and is entered into by and between OCTuS, Inc. a Nevada
corporation (the “Company”)
and John Argo (the “Purchaser”)
(each a “Party”
and collectively, the “Parties”).

      

      The
Company desires to retain the Purchaser as an executive officer of the
Company.  In consideration of the promises, representations,
warranties, covenants and conditions set forth in this Agreement, the Parties
hereto mutually agree as follows:

      

      1. Issuance of Shares; Purchase
Price.  At the Effective Time, the Company shall sell and issue
to Purchaser, and Purchaser shall acquire from the Company, two hundred and
fifty thousand (250,000) shares (the “Shares”) of the Company’s
common stock, $0.001 par value per share, for an aggregate purchase price of
$8,750.  The consideration for the Shares shall consist of services
rendered to the Company by the Purchaser.

       

      
        1.
Right to Repurchase
Shares.

      

       

      
        1.1.
Vesting Upon a Change in
Control.  In the event of a “Change in Control” (as defined
below), the Company’s right to repurchase pursuant to any Section of this
Agreement shall expire with respect to all the Shares immediately upon the
execution of an agreement to effect such Change in Control.  The
number of Shares with respect to which the Company’s right to repurchase shall
expire pursuant to this Agreement shall be appropriately adjusted for stock
dividends, combinations, splits, recapitalizations and the like.  For
purposes of this Agreement, a “Change in Control” shall mean the occurrence of
any one of the following: (i) a sale of substantially all of the Company’s
assets; or (ii) any merger, consolidation or reorganization of Company whether
or not another entity is the survivor, pursuant to which holders of all the
shares of capital stock of Company outstanding prior to the transaction hold, as
a group, less than 50% of the shares of capital stock of Company outstanding
after the transaction.

      

       

      
        1.2.
Lapse of Repurchase
Rights.  The Company’s right to repurchase Shares shall lapse
after six months after the Effective Date:

      

       

      
        1.3.
Exercise of Repurchase
Right.  The Company may exercise its right to repurchase shares
on a pro-rata basis over six months should the Purchaser be terminated for any
reason or should Purchaser stop working for the Company within six months. Such
exercise as set forth in this Section 2 by written notice to the Purchaser
within 90 days after the first anniversary of the Effective Date after which
time the Company’s right to repurchase such shares will expire.  If
the Company (or its assignee) exercises its right of repurchase, the Purchaser
shall, if necessary, endorse and deliver to the Company (or its assignee) the
stock certificate(s) representing the portion of Shares being repurchased, and
the Company (or its assignee) shall pay the Purchaser the total repurchase price
in cash upon such delivery.  The Purchaser shall cease to have any
rights with respect to such repurchased portion of the Shares immediately upon
receipt of the repurchase price from the Company.

      

       

      
        2.
Other Restrictions on Resale
of Shares.

      

       

      
        2.1.
Legends. The
Purchaser understands and acknowledges that the Shares are not registered under
the Securities Act of 1933, as amended (the “Act”), and that under the Act
and other applicable laws the Purchaser may be required to hold such Shares for
an indefinite period of time.  Each stock certificate representing
Shares shall bear the following legends, as well as any other legend that the
Company may reasonably determine is necessary or appropriate:

        2.1.1.1.1.
“THE
SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE
SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE, AND MAY
NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL
REGISTERED UNDER SUCH ACT AND/OR APPLICABLE STATE SECURITIES LAWS, OR UNLESS THE
CORPORATION HAS RECEIVED AN OPINION OF COUNSEL OR OTHER EVIDENCE, REASONABLY
SATISFACTORY TO THE CORPORATION AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT
REQUIRED.

         

      

      
        3.Representations
and Acknowledgments of the Purchaser.  The Purchaser hereby
represents, warrants, acknowledges and agrees that:

         

      

      
        3.1.
Investment.  The
Purchaser is acquiring the Shares for the Purchaser’s own account, and not
directly or indirectly for the account of any other person.  The
Purchaser is acquiring the Shares for investment purposes only and not with a
view to distribution or resale thereof except in compliance with the Act and any
applicable state laws regulating securities.

         

        
          
            
            

          

          
            1

            
              

            

          

          
            
            

          

        

      

       

      
        3.2.
Access to
Information.  The Purchaser has had the opportunity to ask
questions of, and to receive answers from, appropriate executive officers of the
Company with respect to the terms and conditions of the transactions
contemplated hereby and with respect to the business, affairs, financial
condition and results of operations of the Company.  The Purchaser has
had access to such financial and other information as is necessary in order for
the Purchaser to make a fully informed decision as to investment in the Company,
and has had the opportunity to obtain any additional information necessary to
verify any of such information to which the Purchaser has had
access.

      

       

      
        3.3.
Pre-Existing
Relationship.  The Purchaser further represents and warrants
that he has either (i) a pre-existing relationship with the Company or one or
more of its officers or directors consisting of personal or business contacts of
a nature and duration which enable him to be aware of the character, business
acumen and general business and financial circumstances of the Company or any
such officer or director with whom such relationship exists or (ii) such
business or financial expertise as to be able to protect his own interests in
connection with the purchase of the Shares.

      

       

      
        3.4.
Speculative
Investment.  The Purchaser understands that his purchase of the
Shares is highly speculative in nature and is subject to a high degree of risk
of loss in whole or in part; the amount of such investment is within the
Purchaser’s risk capital means and is not so great in relation to the
Purchaser’s total financial resources as would jeopardize the personal financial
needs of the Purchaser and the Purchaser’s family in the event such investment
were lost in whole or in part.

      

       

      
        3.5.
Unregistered
Securities.

      

       

      3.5.1.
The
Purchaser must bear the economic risk of investment for an indefinite period of
time because the Shares have not been registered under the Act and therefore
cannot and will not be sold unless they are subsequently registered under the
Act or there exists an available exemption from such
registration.  The Company has made no agreements, covenants or
undertakings whatsoever to register the Shares, or any portion thereof, under
the Act.  The Company has made no representations, warranties or
covenants whatsoever as to whether there exists any exemption from the Act,
including, without limitation, any exemption for limited sales in routine
brokers’ transactions pursuant to Rule 144 under the Act, and that any such
exemption pursuant to Rule 144, if available at all, will not be available
unless:  (i) a public trading market then exists in the Company’s
common stock, (ii) adequate information as to the Company’s financial and other
affairs and operations is then available to the public, and (iii) all other
terms and conditions of Rule 144 have been satisfied.

       

      3.5.2.
The
Shares have not been registered or qualified under any applicable state laws
regulating securities and therefore the Shares cannot and will not be sold
unless they are subsequently registered or qualified under any such applicable
state laws or there exists an available exemption therefrom.  The
Company has made no agreements, covenants or undertakings whatsoever to register
or qualify the Shares under any such state laws.  The Company has made
no representations, warranties or covenants whatsoever as to whether any
exemption from such states laws will become available.

       

      4. Tax
Advice.  The Purchaser acknowledges that the Purchaser has not
relied and will not rely upon the Company or the Company’s counsel with respect
to any tax consequences related to the ownership, purchase, or disposition of
the Shares.  The Purchaser assumes full responsibility for all such
consequences and for the preparation and filing of all tax returns and elections
which may or must be filed in connection with such Shares.  The
Purchaser has executed and delivered to the Company an Acknowledgement, attached
hereto as Attachment
1.

       

      5. No
Commitment.  Nothing in this Agreement gives Purchaser any
rights to remain an employee or director of, or a consultant to, the Company or
constitutes an agreement that the Purchaser will be employed or retained by the
Company for any term.

       

      6. Notices.  Any
notice, request or other communication required or permitted hereunder shall be
in writing and shall be deemed to have been duly given if personally delivered
or mailed by registered or certified mail, postage prepaid, or by recognized
overnight courier or personal delivery or sent by facsimile, addressed (i) if to
the Purchaser, at the address set forth on the signature page hereof or such
other address as it has furnished to the Company in writing, or (ii) if to
Company, at the address set forth on the signature page hereof or such other
address as it has furnished to the Purchaser in writing in accordance with this
subsection.  A notice shall be deemed effectively given, (a) upon
personal delivery to the party to be notified; (b) one business day after
transmission by confirmed facsimile; (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid; or (d)
one (1) day after deposit with a nationally recognized overnight courier,
specifying next day delivery, with written verification of receipt.

       

      7. Binding
Effect.  This Agreement shall be binding upon the heirs, legal
representatives and successors of the Company and of the Purchaser; provided,
however, that the Purchaser may not assign any rights or obligations under this
Agreement.  The Company’s rights under this Agreement shall be freely
assignable.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      8. Governing
Law.  This Agreement shall be governed by and construed in
accordance with the laws of the State of California applicable to contracts
entered into and to be performed entirely within the State of California by
residents of the State of California.

       

      9. Entire
Agreement.  This Agreement constitutes the entire agreement of
the parties pertaining to the Shares and supersedes all prior and
contemporaneous agreements, representations, and understandings of the
parties.

       

      10. Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original, but all of which together shall be deemed to constitute one and the
same instrument.

       

      

      [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

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

       

       

      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              	 	 	 	
                                                      OCTUS,
      INC.

                                                      A
      Nevada corporation

                                                    	 
	 	 	 	 	 
	 	 	 	 	 
	
                                                       

                                                    	 	
                                                      By: 
      

                                                    	
                                                      /s/ Christian J. Soderquist

                                                    	 
	
                                                       

                                                    	 	 	
                                                      Name: Christian
      J. Soderquist

                                                      Title: Chief Executive Officer

                                                    	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	PURCHASER	 
	 	 	 	 	 
	 	 	 	/s/ John
      Argo	 
	 	 	 	
                                                      By:
      John Argo

                                                      Address: Sacramento, CA

                                                    	 
	 	 	 	 	 

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

       

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      ATTACHMENT
1

      

      ACKNOWLEDGMENT
AND STATEMENT

      OF
DECISION REGARDING ELECTION

      PURSUANT
TO SECTION 83(b) OF

      THE
INTERNAL REVENUE CODE

      

      The undersigned (which
term includes the undersigned’s spouse, if applicable), purchaser of 250,000
shares of Common Stock of Octus, Inc., a Nevada corporation (the “Company”),
pursuant to a Restricted Common Stock Purchase Agreement dated as of May 5,
2009 (the “Agreement”), hereby states as
follows:

       

      1.           The
undersigned acknowledges receipt of a copy of the Agreement.  The
undersigned has carefully reviewed the Agreement.

       

      2.           The
undersigned either [check as applicable]:

       

      ___  (a)
has consulted and has been fully advised by, the undersigned’s own tax advisor,
_________________________, whose business address is _______________________________________,
regarding the federal, state and local tax consequences of purchasing the shares
under the Agreement, and particularly regarding the advisability of making
elections pursuant to Section 83(b) of the Internal Revenue Code of 1986, as
amended (the “Code”), and pursuant to the corresponding provisions, if any, of
applicable state laws; or

       

      ___  (b) has
knowingly chosen not to consult such a tax advisor.

       

      3.           The
undersigned hereby states that the undersigned has decided [check as
applicable]:

       

      ___  (a) to make
an election pursuant to Section 83(b) of the Code, and is submitting to the
Company, together with the undersigned’s executed Agreement, an executed
“Election Pursuant to Section 83(b) of the Internal Revenue Code,” which is
attached hereto as Exhibit
A; or

       

      ___  (b) not to
make an election pursuant to Section 83(b) of the
Code.

       

      4.           Neither
the Company nor any representative of the Company has made any warranty or
representation to the undersigned with respect to the tax consequences of the
undersigned’s purchase of shares under the Agreement or of the making or failure
to make an election pursuant to Section 83(b) of the Code or the corresponding
provisions, if any, of applicable state law.

       

      5.           The
undersigned is also submitting to the Company, together with the Agreement, an
executed original of an election, if any is made, of the undersigned pursuant to
provisions of state law corresponding to Section 83(b) of the Code, if any,
which are applicable to the undersigned’s purchase of shares under the
Agreement.

       

      Date:  April
29, 2009

       

       

      ______________________________________

      Purchaser

       

      
      

       

      
        	
                Date:  __________,
      2009

                 

              	
                _____________________________________

                Purchaser’s Spouse,
      if applicable

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

      
         

        EXHIBIT
A

        

        ELECTION
PURSUANT TO SECTION 83(b)

        OF THE
INTERNAL REVENUE CODE

        

        The
undersigned hereby elects pursuant to Section 83(b) of the Internal Revenue Code
of 1986, as amended, to include in the undersigned’s gross income for the 2009
taxable year the excess (if any) of the fair market value of the property
described below, over the amount the undersigned paid for such property, and
supplies herewith the following information in accordance with the Treasury
regulations promulgated under Section 83(b):

        

        1.           The
undersigned’s name, address and taxpayer identification (social security) number
are:

         

        
          
            
              	 
      	 
      
	
                      Name:

                    	
                      ______________________________

                    
	 
      	 
      
	
                      Address:

                    	
                      ______________________________

                    
	 
      	 
      
	
                      Social
      Security

                    	
                      ______________________________

                    
	 
      	 
      
	
                      Number:

                    	
                      ______________________________

                    

            

          

        

                            

        2.           The
property with respect to which the election is made consists of 250,000 shares
of Common Stock of Octus, Inc., a Nevada corporation (the
“Company”).

         

        3.           The
shares were transferred to the undersigned on May 5th, 2009,
and the taxable year to which this election relates is 2009.

         

        4.           The
shares are subject to the following restrictions: (a) a right of repurchase by
the Company, at the initial purchase price, if certain milestone events are not
achieved before the first anniversary of the date of purchase of the shares,
with the repurchase right lapsing as to a portion of the shares upon the
occurrence of one or more of the various events, with a portion of the shares
vesting upon the occurrence of each particular event.

         

        5.           The
fair market value of the shares at the time of transfer (determined without
regard to any restrictions other than those which by their terms will never
lapse) was $________ per share.

         

        6.           The
amount paid for the shares by the undersigned was $_____ per share.

         

        7.           A
copy of this election has been furnished to the Company.

         

        
          	Date:  ___________,
      2009	_____________________________________
	 	
                  Name:________________________________

                

        

         

         

      

      6

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