Document:

EMPLOYMENT
      AGREEMENT

    

     

    This
      Employment Agreement is made and entered into by and between Spicy Pickle
      Franchising, Inc. (the "Company") and Anthony S. Walker (the "Employee") on
      October __, 2006.

     

    
      	 	
              1.

            	
              POSITION
                AND DUTIES: The Employee shall be employed by the Company and shall
                be
                governed by this Employment. The Employee shall be employed by the
                Company
                as its Chief Operating Officer (the “COO”) reporting only to the Company's
                Chief Executive Officer (the “CEO”) beginning no later than January 1,
                2007 (the "Effective Date"). The duties shall include those customarily
                performed by the COO, including but not limited to the responsibility
                for
                construction of all Spicy Pickle restaurant either Company owned
                or
                franchised and the marketing pertaining to ongoing store operations,
                as
                well as those duties that may be assigned by the Chief Executive
                Officer
                from time to time. 

            

    

     

    
      	 	
              2.

            	
              TERM
                OF EMPLOYMENT. The Employee's employment with the Company shall commence
                on the Effective Date and shall continue for a period of twenty four
                (24)
                full calendar months thereafter, unless sooner
                terminated.

            

    

     

    
      	 	
              3.

            	
              COMPENSATION:
                The Employee shall be compensated by the Company for his services
                as
                follows:

            

    

     

    
      	 	
              a.

            	
              Base
                Salary. For all services rendered by Employee in any capacity during
                his
                employment under this Agreement, including, without limitation, services
                as an employee, executive officer, director, or member of any committee
                of
                the Company, related companies or subsidiaries of the Company, commencing
                the Effective Date, the Company shall pay Employee a gross salary
                before
                taxes of one hundred fifty thousand dollars ($150,000.00) per annum.
                Salary payments net of deductions for applicable taxes shall be payable
                in
                equal semi monthly installments in accordance with the Company’s normal
                payroll procedures.

            

    

     

    
      	 	
              b.

            	
              Temporary
                Base Salary: Employee acknowledges that the Company currently has
                limited
                cash resources available to fund the payments required in Section
                3 (a)
                above. Accordingly, Employee agrees that the Base Salary he will
                receive
                will be no more than nine thousand sixty six dollars and fifty cents
                ($9,066.50) per month until the earlier of (i) the Company receives
                an
                additional equity funding of at least $3,000,000 or (ii) the Company
                has
                thirty seven (37) Spicy Pickle restaurants open for business including
                any
                Company restaurants, whichever is sooner. Employee shall not be entitled
                to and there shall be no accrual of the difference between the Base
                Salary
                and the Temporary Base Salary. The payment by the Company of the
                Temporary
                Base Salary pursuant to this Section 3 (b) shall not give rise to
                Resignation for Good Reason defined in Section 5 (b)
                below.

            

    

     

    
      	 	
              c.

            	
              Benefits:
                The Employee shall have the right, on the same basis as other members
                of
                the Company's senior management team, to participate in and receive
                benefits under any of the Company's Employee Benefit Plans, as such
                plans
                may be adopted or modified from time to time. The Employee shall
                be
                entitled to the benefits afforded to other members of the Company’s senior
                management team under the Company's vacation, holiday and business
                expense
                reimbursement policies. The Employee will be entitled to four (4)
                weeks
                vacation. To the extent the Employee is unable in the execution of
                his
                duties and responsibilities to take the allotted (and any
                previously-carried-over) vacation in any given year, the Employee
                will be
                eligible to roll-over up to five (5) weeks of vacation
                annually.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              d.

            	
              Annual
                Incentive Bonus: By way of description and not limitation, the Employee
                shall be entitled to the benefits afforded to other members of the
                Company’s senior management team under a Company Discretionary Bonus
                Program which will be based upon company performance in any given
                fiscal
                year. The Discretionary Bonus Program shall be defined no later than
                the
                effective date of this agreement and shall, in any case, contain
                a target
                bonus pool amount to be shared by all participants of 10% of the
                Pre-tax
                profits of the Company and its subsidiaries. The amount of the percentage
                of the Discretionary Bonus Program that the Employee shall receive
                shall
                be determined by the Board of Directors (“Board”) of the Company or a
                committee of the Board at their
                discretion.

            

    

     

    
      	 	
              e.

            	
              Facilities
                and Expenses: The Employee shall be furnished with reasonable facilities
                and services during for the performance of his duties. In addition,
                the
                Company shall reimburse the Employee for all authorized expenses
                incurred
                by him in furtherance of the Company's business upon the Employee's
                presentation of detailed vouchers evidencing a valid business purpose
                for
                such expenses. Company shall also provide Employee with a major credit
                card for use in payment of said
                expenses.

            

    

     

    
      	 	
              4.

            	
              STOCK
                OPTIONS: From time to time the Employee will be eligible to receive
                Stock
                Options at amounts and exercise prices as determined by the Board
                of the
                Company.

            

    

     

    
      	 	
              5.

            	
              DEFINITIONS
                APPLICABLE TO TERMINATIONS: For the purposes of terminations as described
                in Paragraph 6, the following definitions shall
                apply:

            

    

     

    
      	 	
              a.

            	
              A
                "Change of Control" is defined as and shall be deemed to have occurred
                if
                any of the following occurs with respect to the Company (except as
                may
                occur with a re-incorporation of the Company in advance of an initial
                public offering of the Company's stock): (i) the direct or indirect
                sale
                or exchange in a single or series of related transactions by the
                stockholders of the Company of more than thirty percent (30%) of
                the
                voting stock of the Company; (ii) a merger or consolidation in which
                the
                Company is not the surviving party; (iii) the sale, exchange, or
                transfer
                of all or substantially all of the assets of the Company; (iv) a
                liquidation or dissolution of the Company or (v) during any year,
                individuals who, at the beginning of such year constituted the entire
                Board of the Company, cease for any reason (other than death) to
                constitute a majority of the directors, unless the election, or the
                nomination for election, by the Company's stockholders, of each new
                director was approved by a vote of a least a majority of the directors
                then still in office who were directors at the beginning of the
                year.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    The
      re-incorporation of the Company without a material change in voting rights
      of
      the stockholders of the Company shall not be deemed a Change in
      Control.

     

    1.
      "Good
      Reason" shall be defined as, and shall be deemed to exist, if any of the
      following conditions occur, provided that such conditions persist for fifteen
      (15) business days after written notice to the Board from the Employee and
      reasonable opportunity for the Company to cure if the cure cannot be affected
      within 15 business days: (i) the Company, its successors or assigns decreases
      the Employee's Base Salary; (ii) the Company, its successors or assigns makes
      a
      material, adverse change in the Employee's title, authority, responsibilities
      or
      duties, as measured against the Employee's title, authority, responsibilities
      or
      duties immediately prior to such change (provided that the Company or its
      successor may provide an equivalent position); (iii) the Company, its successors
      or assigns requires the relocation of the Employee's work place to a location
      not agreed to by the Employee; (iv) Change of Control as defined above (v)
      the
      Company, its successors or assigns materially breaches any provision of this
      Employment Agreement; or (vi) the Company fails to obtain the assumption of
      this
      Employment Agreement by any successor or assign of the Company.

     

    
      	 	
              b.

            	
              Termination
                for "Cause" is defined as a termination of the Employee based upon:
                (i)
                theft of the Company's assets; (ii) falsification of any employment
                applications; (ii) conviction of a felony or conviction of a crime
                involving fraud or dishonesty; (iii) improper and willful disclosure
                of
                the Company's confidential or proprietary information that could
                materially harm the Company; or (iv) gross
                incompetence.

            

    

     

    
      	 	
              6.

            	
              BENEFITS
                UPON TERMINATION: The Employee agrees that his employment may be
                terminated by the Company at any time, for any reason, with or without
                cause, and he shall be entitled as his sole remedy and compensation
                only
                the compensation provided, below, in this Section 6. In the event
                of the
                termination of the Employee's employment by the Company for any reasons
                set forth below, he shall be entitled to the
                following:

            

    

     

    
      	 	
              a.

            	
              Termination
                for Cause: If the Employee's employment is terminated by the Company
                for
                Cause as described above, the Employee shall be entitled to no
                compensation or benefits from the Company other than those under
                Paragraph
                3 earned up until such termination.

            

    

     

    
      	 	
              b.

            	
              Voluntary
                Resignation: In the event of the Employee's voluntary resignation
                from
                employment with the Company, other than for Good Reason as described
                above, the Employee shall be entitled to no compensation or benefits
                from
                the Company other than those under Paragraph 3, earned up until such
                termination.

            

    

     

    
      	 	
              c.

            	
              Death
                or Disability: In the event that the Employee's employment terminates
                as a
                result of his death or continued disability for ninety (90) days
                ("disability" being defined as the inability to perform specifically
                the
                essential functions of the Employee's position as COO), the Employee
                shall
                be entitled to the following as of the date of death or
                disability.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              i.

            	
              all
                accrued compensation and benefits earned through such
                date;

            

    

     

    
      	 	
              ii.

            	
              a
                lump-sum severance payment equal to four months of the Employee's
                base
                salary and any discretionary bonus determined by the Board at their
                discretion, less applicable withholding, payable within ten (10)
                days of
                termination or resignation;

            

    

     

    
      	 	
              iii.

            	
              the
                Company shall cause the Board to fix the Expiry Date, as defined
                in the
                Plan, of any Stock Option to be a date that coincides with the original
                Expiry date.

            

    

     

    
      	 	
              d.

            	
              Termination
                Without Cause and/or Resignation for Good Reason: If the Employee's
                employment is terminated by the Company without Cause, or if the
                Employee
                resigns as an Employee of the Company for Good Reason (provided that
                the
                underlying conditions persist for fifteen (15) business days after
                written
                notice to the Company), then the Employee shall be entitled, on such
                date,
                to all of the following:

            

    

     

    
      	 	
              i.

            	
              all
                accrued compensation, benefits and vesting earned through the date
                of
                termination or resignation;

            

    

     

    
      	 	
              ii.

            	
              a
                lump-sum severance payment equal to twelve months of the Employee's
                base
                salary and target incentive bonus, less applicable withholding, payable
                within ten (10) days of termination or
                resignation;

            

    

     

    
      	 	
              iii.

            	
              the
                Company shall cause the Board to fix the Expiry Date, as defined
                in the
                Plan, of any Stock Option to be a date that coincides with the original
                Expiry date; and

            

    

     

    
      	 	
              7.

            	
              COVENANT
                NOT TO COMPETE: During the term of this Agreement and for a period
                of one
                (1) year after expiration hereof, or for a period of one (1) year
                after
                Employee leaves his position with the Company for reasons other than
                Termination Without Cause or Resignation for Good Reason, Employee
                covenants that he will not, without the prior written consent of
                the
                Company which shall specifically refer to this covenant, directly
                or
                indirectly for any reason participate or engage in, assist or have
                any
                interest in, as principal, consultant, advisor, agent, financier
                or
                employee, any business entity which is, or which is about to become,
                engaged in, providing goods and/or services in a Competitive Business
                with
                the Company. The term “Competitive Business” as used in this Employment
                Agreement shall mean any business operating, whether retail, wholesale
                or
                otherwise, or granting franchises or licenses to other to operate,
                a food
                service business categorized as “fast casual or quick service” featuring
                submarine, deli, or panini or other sandwiches, breakfast panini,
                or
                Neapolitan thin crust pizza and deriving more than 10% of its gross
                sales
                from any of those items. Nothwithstanding the foregoing, the Employee
                shall not be prohibited from owning securities in a Competitive Business
                if such securities are listed on a stock exchange or traded on the
                over-the-counter market and represent 5% or less of that class of
                securities issued and outstanding..

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              8.

            	
              CONFIDENTIALITY:
                During the term of this Agreement and thereafter, Employee covenants
                that
                he shall keep secret and confidential the "confidential information"
                of
                the Company, and shall not use or disclose such information for any
                purpose not authorized by the Company unless the information becomes
                public through no activity on his part. For purposes of this paragraph,
                "confidential information" includes information disclosed to or known
                by
                Employee as a consequence of or through his employment with the Company
                (including information conceived, originated, discovered or developed
                by
                Employee) not generally known about the Company's business, products,
                services and operations, including without limitation any trade secrets,
                know how, inventions, discoveries and improvements and ideas, whether
                of
                not patentable.

            

    

     

    
      	 	
              9.

            	
              EMPLOYEE
                INVENTIONS AND PROPRIETARY RIGHTS ASSIGNMENT AGREEMENT: The Employee
                agrees that during the term of this agreement, if Employee develops
                any
                proprietary technology; any patents and patent rights (including
                all
                information or discoveries covered thereby and all enhancements,
                modifications, improvements, divisions, continuations, continuations
                in
                part, reissues, re-examinations or extensions thereof), trademarks
                and
                trademark rights, copyrights and copyright rights, trade secrets
                and trade
                secret rights, and applications, registrations or their equivalents
                for
                any of the same; or any other intellectual property rights (collectively,
                the "Intellectual Property"), relating to the supplying of products
                or
                services in which the Company is or is likely to be involved, such
                Intellectual Property shall automatically become the property of
                the
                Company. The Employee agrees to cooperate with the Company to perfect
                the
                Employee’s respective claims to such Intellectual Property and to execute
                and deliver any and all documents reasonably necessary in order to
                effectuate the intent of this paragraph, and the Employee hereby
                grants to
                the Company an irrevocable power of attorney to execute any such
                documents.

            

    

     

    
      	 	
              10.

            	
              NON-SOLICITATION:
                The Employee agrees that for a period of one (1) year after the date
                of
                the termination of his employment for any reason, he shall not, either
                directly or indirectly; (i) solicit the services, or attempt to solicit
                the services, of any employee of the Company to any other person
                or
                entity; or (ii) solicit or otherwise encourage any supplier or other
                business contract of the Company to withdraw, curtail or cancel their
                business with the Company.

            

    

     

    
      	 	
              11.

            	
              INDEMNIFICATION:
                The Company agrees to make the Employee a party to an indemnification
                agreement which shall be defined no later than than the Effective
                Date. If
                Company-obtains a Directors' and Officers' Liability Insurance Policy,
                ,
                Employee will be covered in the same manner as other senior management..
                

            

    

     

    
      	 	
              12.

            	
              DISPUTE
                RESOLUTION: DISPUTE RESOLUTION: In the event of any dispute or claim
                relating to or arising out of this Employment Agreement (including,
                but
                not limited to, and claims of breach of contract, wrongful termination
                or
                age, sex, race or other discrimination), the Employee and the Company
                agree that all such disputes shall be fully and finally resolved
                by a
                court of competent jurisdiction.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              13.

            	
              ATTORNEY'S
                FEES: In the event that the Employee brings an action against the
                Company
                to remedy breaches of the above Agreement, or to enforce any right
                arising
                out of this Agreement, the following shall apply: (i) if the action
                brought by the Employee fails to win the decision in the court, the
                Company shall not be liable to reimburse any costs incurred by the
                Employee; (ii) if the action brought by the Employee prevails in
                the
                arbitration, in whole or in part, the Company shall be liable to
                reimburse
                the Employee his incurred attorney's fees, litigation costs and/or
                other
                costs associated with the action or
                actions.

            

    

     

    
      	 	
              14.

            	
              FAILURE
                TO EXERCISE RIGHTS: Failure for one party to exercise a right conferred
                by
                this Agreement does not constitute in any way a renunciation to the
                exercise of that right.

            

    

     

    
      	 	
              15.

            	
              RETURN
                OF INFORMATION: Upon termination of this Agreement, for any reason,
                the
                Employee will remit to the Company without delay all documents, objects,
                goods (including computers, diskettes or any data storage device)
                owned by
                the Company and any copies thereof, and will destroy without delay
                any
                data they might have on personal computers, diskettes, or any other
                data
                storage device, related to the
                foregoing.

            

    

     

    
      	 	
              16.

            	
              INTERPRETATION:
                The Employee and the Company agree that this Employment Agreement
                shall be
                interpreted in accordance with and governed by the laws of the State
                of
                Colorado.

            

    

     

    
      	 	
              17.

            	
              SUCCESSORS
                AND ASSIGNS: This Employment Agreement shall inure to the benefit
                of and
                be binding upon the Company and its successors and assigns. In view
                of the
                personal nature of the services to be performed under this Employment
                Agreement by the Employee, he shall not have the right to assign
                or
                transfer any of his rights, obligations or benefits under the Employment
                Agreement, except as otherwise noted herein. This agreement may be
                assigned to the Company's successor without consent of the Employee
                (understanding Change in Control provisions still
                apply).

            

    

     

    
      	 	
              18.

            	
              ENTIRE
                AGREEMENT: This Employment Agreement constitutes the entire employment
                agreement between the Employee and the Company regarding the terms
                and
                conditions of his employment with the Company. To the extent that
                there is
                any inconsistency between this Employment Agreement and any other
                agreement between the Employee and the Company, the terms of this
                Employment Agreement will govern. This Employment Agreement supersedes
                all
                prior negotiations, representations or agreements between the Employee
                and
                the Company, whether written or oral, concerning the Employee's employment
                by the Company.

            

    

     

    
      	 	
              19.

            	
              VALIDITY:
                If any one or more of the provisions (or any part thereof) of this
                Employment Agreement shall be held invalid, illegal or unenforceable
                in
                any respect, the validity, legality and enforceability of the remaining
                provisions (or any part thereof) shall not in any way be affected
                or
                impaired thereby.

            

    

     

    
      	 	
              20.

            	
              ATTORNEYS'
                FEES IN NEGOTIATING AGREEMENT: Each party to this agreement has had
                the
                opportunity to consult legal advisor of their choice before signing
                this
                agreement. In connection therewith, the Company shall reimburse Employee
                for all reasonable attorneys fees incurred in the review and negotiation
                of this Agreement up to a maximum of
                US$1,000.

            

    

     

    
      	 	
              21.

            	
              MODIFICATION:
                This Employment Agreement may only be modified or amended by a
                supplemental written agreement signed by the Employee and the
                Company.

            

    

     

    
      	 	
              22.

            	
              COUNTERPARTS:
                This Employment Agreement may be executed in any number of counterparts,
                each of which shall be an original, but all of which together shall
                constitute one instrument.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Employment Agreement as of
      the
      date and year written below.

     

    
      	 	 	 
	Date:
              October __, 2006 	Spicy
              Pickle
              Franchising, Inc..
	 
 	 
 	 
 
	 	  	By:
	 	 	 
	 	Marc Geman
	 	 
	 	Its: Chief Executive Officer 
	 	 
	 	 
	Date: October __, 2006 	Anthony S. Walker 
	 	 
	 	EMPLOYEE 

    

    

    
      
         

      

      
        7EMPLOYMENT
      AGREEMENT

    

     

    This
      Employment Agreement is made and entered into by and between Spicy Pickle
      Franchising, Inc. (the "Company") and Kevin Morrison (the "Employee") on October
      __, 2006.

     

    
      	 	
              1.

            	
              POSITION
                AND DUTIES: The Employee shall be employed by the Company and shall
                be
                governed by this Employment Agreement The Employee shall be employed
                by
                the Company as its Chief Culinary Officer (the “CCO”) reporting only to
                the Company's Chief Executive Officer (the “CEO”) beginning no later than
                January 1, 2007 (the "Effective Date"). The duties shall include
                those
                customarily performed by a CCO, in the restaurant and franchising
                industry, including but not limited to the responsibility for all
                product
                development, product decisions, new menu items, development of seasonal
                or
                limited time items, operation of the Company’s planned bakery, as well as
                those duties that may be assigned by the Chief Executive Officer
                from time
                to time. 

            

    

     

    
      	 	
              2.

            	
              TERM
                OF EMPLOYMENT. The Employee's employment with the Company shall commence
                on the Effective Date and shall continue for a period of twenty four
                (24)
                full calendar months thereafter, unless sooner
                terminated.

            

    

     

    
      	 	
              3.

            	
              COMPENSATION:
                The Employee shall be compensated by the Company for his services
                as
                follows:

            

    

     

    
      	 	
              a.

            	
              Base
                Salary. For all services rendered by Employee in any capacity during
                his
                employment under this Agreement, including, without limitation, services
                as an employee, executive officer, director, or member of any committee
                of
                the Company, related companies or subsidiaries of the Company, commencing
                the Effective Date, the Company shall pay Employee a gross salary
                before
                taxes of one hundred fifty thousand dollars ($150,000.00) per annum.
                Salary payments net of deductions for applicable taxes shall be payable
                in
                equal semi monthly installments in accordance with the Company’s normal
                payroll procedures.

            

    

     

    
      	 	
              b.

            	
              Temporary
                Base Salary: Employee acknowledges that the Company currently has
                limited
                cash resources available to fund the payments required in Section
                3 (a)
                above. Accordingly, Employee agrees that the Base Salary he will
                receive
                will be no more than six thousand six hundred sixty six dollars and
                sixty
                six cents ($6.606.66) per month until the earlier of (i) the Company
                receives an additional equity funding of at least $3,000,000 or (ii)
                the
                Company has thirty seven (37) Spicy Pickle restaurants open for business
                including any Company restaurants. Employee shall not be entitled
                to and
                there shall be no accrual of the difference between the Base Salary
                and
                the Temporary Base Salary . The payment by the Company of the Temporary
                Base Salary pursuant to this Section 3 (b) shall not give rise to
                Resignation for Good Reason defined in Section 5 (b)
                below.

            

    

     

    
      	 	
              c.

            	
              Benefits:
                The Employee shall have the right, on the same basis as other members
                of
                the Company's senior management team, to participate in and receive
                benefits under any of the Company's employee benefit plans, as such
                plans
                may be adopted or modified from time to time. The Employee shall
                be
                entitled to the benefits afforded to other members of the Company’s senior
                management team under the Company's vacation, holiday and business
                expense
                reimbursement policies. The Employee will be entitled to four (4)
                weeks
                vacation. To the extent the Employee is unable in the execution of
                his
                duties and responsibilities to take the allotted (and any
                previously-carried-over) vacation in any given year, the Employee
                will be
                eligible to roll-over up to five (5) weeks of vacation
                annually.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	 	
              d.

            	
              Annual
                Incentive Bonus: By way of description and not limitation, the Employee
                shall be entitled to the benefits afforded to other members of the
                Company’s senior management team under a Company Discretionary Bonus
                Program which will be based upon Company performance in any given
                fiscal
                year. The Discretionary Bonus Program shall be defined no later than
                the
                Effective Date and shall, in any case, contain a target bonus pool
                amount
                to be shared by all participants of 10% of the pre-tax profits of
                the
                Company and its subsidiaries. Employee’s share of the Discretionary Bonus
                Program shall be determined by the Board of Directors or a committee
                of
                the Board at their discretion.

            

    

     

    
      	 	
              e.

            	
              Facilities
                and Expenses: The Employee shall be furnished with reasonable facilities
                and services during the performance of his duties. In addition, the
                Company shall reimburse the Employee for all authorized expenses
                incurred
                by him in furtherance of the Company's business upon the Employee's
                presentation of detailed vouchers evidencing a valid business purpose
                for
                such expenses. Company shall also provide Employee with a major credit
                card for use in payment of said
                expenses.

            

    

     

    
      	 	
              4.

            	
              STOCK
                OPTIONS: From time to time the Employee will be eligible to receive
                stock
                options at amounts and exercise prices as determined by the Board
                of the
                Company.

            

    

     

    
      	 	
              5.

            	
              DEFINITIONS
                APPLICABLE TO TERMINATIONS: For the purposes of terminations as described
                in Paragraph 6, the following definitions shall
                apply:

            

    

     

    
      	 	
              a.

            	
              A
                "Change of Control" is defined as and shall be deemed to have occurred
                if
                any of the following occurs with respect to the Company (except as
                may
                occur with a re-incorporation of the Company in advance of an initial
                public offering of the Company's stock): (i) the direct or indirect
                sale
                or exchange in a single or series of related transactions by the
                stockholders of the Company of more than thirty percent (30%) of
                the
                voting stock of the Company; (ii) a merger or consolidation in which
                the
                Company is not the surviving party; (iii) the sale, exchange, or
                transfer
                of all or substantially all of the assets of the Company; (iv) a
                liquidation or dissolution of the Company or (v) during any year,
                individuals who, at the beginning of such year constituted the entire
                Board of the Company, cease for any reason (other than death) to
                constitute a majority of the directors, unless the election, or the
                nomination for election, by the Company's stockholders, of each new
                director was approved by a vote of a least a majority of the directors
                then still in office who were directors at the beginning of the
                year.

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    The
      re-incorporation of the Company without a material change in voting rights
      of
      the stockholders of the Company shall not be deemed a Change in
      Control.

     

    
      	 	
              1.

            	
              "Good
                Reason" shall be defined as, and shall be deemed to exist, if any
                of the
                following conditions occur, provided that such conditions persist
                for
                fifteen (15) business days after written notice to the Board from
                the
                Employee and reasonable opportunity for the Company to cure if the
                cure
                cannot be affected within 15 business days: (i) the Company, its
                successors or assigns decreases the Employee's Base Salary; (ii)
                the
                Company, its successors or assigns makes a material, adverse change
                in the
                Employee's title, authority, responsibilities or duties, as measured
                against the Employee's title, authority, responsibilities or duties
                immediately prior to such change (provided that the Company or its
                successor may provide an equivalent position); (iii) the Company,
                its
                successors or assigns requires the relocation of the Employee's work
                place
                to a location not agreed to by the Employee; (iv) Change of Control
                as
                defined above (v) the Company, its successors or assigns materially
                breaches any provision of this Employment Agreement; or (vi) the
                Company
                fails to obtain the assumption of this Employment Agreement by any
                successor or assign of the Company.

            

    

     

    
      	 	
              b.

            	
              Termination
                for "Cause" is defined as a termination of the Employee based upon:
                (i)
                theft of the Company's assets; (ii) falsification of any employment
                application; (ii) conviction of a felony or conviction of a crime
                involving fraud or dishonesty; (iii) improper and willful disclosure
                of
                the Company's confidential or proprietary information that could
                materially harm the Company; or (iv) gross
                incompetence.

            

    

     

    
      	 	
              6.

            	
              BENEFITS
                UPON TERMINATION: The Employee agrees that his employment may be
                terminated by the Company at any time, for any reason, with or without
                cause, and he shall be entitled as his sole remedy and compensation
                only
                the compensation provided, below, in this Section 6. In the event
                of the
                termination of the Employee's employment by the Company for any reasons
                set forth below, he shall be entitled to the
                following:

            

    

     

    
      	 	
              a.

            	
              Termination
                for Cause: If the Employee's employment is terminated by the Company
                for
                Cause as described above, the Employee shall be entitled to no
                compensation or benefits from the Company other than those under
                Paragraph
                3 earned up until such termination.

            

    

     

    
      	 	
              b.

            	
              Voluntary
                Resignation: In the event of the Employee's voluntary resignation
                from
                employment with the Company, other than for Good Reason as described
                above, the Employee shall be entitled to no compensation or benefits
                from
                the Company other than those under Paragraph 3, earned up until such
                termination.

            

    

     

    
      	 	
              c.

            	
              Death
                or Disability: In the event that the Employee's employment terminates
                as a
                result of his death or continued disability for ninety (90) days
                ("disability" being defined as the inability to perform specifically
                the
                essential functions of the Employee's position as COO), the Employee
                shall
                be entitled to the following as of the date of death or
                disability.

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	 	
              i.

            	
              all
                accrued compensation and benefits earned through such
                date;

            

    

     

    
      	 	
              ii.

            	
              a
                lump-sum severance payment equal to four months of the Employee's
                base
                salary and any discretionary bonus determined by the Board at their
                discretion, less applicable withholding, payable within ten (10)
                days of
                termination or resignation;

            

    

     

    
      	 	
              iii.

            	
              the
                Company shall cause the Board to fix the Expiry Date, as defined
                in the
                Plan, of any Stock Option to be a date that coincides with the original
                Expiry date.

            

    

     

    
      	 	
              d.

            	
              Termination
                Without Cause and/or Resignation for Good Reason: If the Employee's
                employment is terminated by the Company without Cause, or if the
                Employee
                resigns as an Employee of the Company for Good Reason (provided that
                the
                underlying conditions persist for fifteen (15) business days after
                written
                notice to the Company), then the Employee shall be entitled, on such
                date,
                to all of the following:

            

    

     

    
      	 	
              i.

            	
              all
                accrued compensation, benefits and vesting earned through the date
                of
                termination or resignation;

            

    

     

    
      	 	
              ii.

            	
              a
                lump-sum severance payment equal to twelve months of the Employee's
                base
                salary and target incentive bonus, less applicable withholding, payable
                within ten (10) days of termination or
                resignation;

            

    

     

    
      	 	
              iii.

            	
              the
                Company shall cause the Board to fix the Expiry Date, as defined
                in the
                Plan, of any Stock Option to be a date that coincides with the original
                Expiry date; and

            

    

     

    
      	 	
              7.

            	
              COVENANT
                NOT TO COMPETE: During the term of this Agreement and for a period
                of one
                (1) year after expiration hereof, or for a period of one (1) year
                after
                Employee leaves his position with the Company for reasons other than
                Termination Without Cause or Resignation for Good Reason, Employee
                covenants that he will not, without the prior written consent of
                the
                Company which shall specifically refer to this covenant, directly
                or
                indirectly for any reason participate or engage in, assist or have
                any
                interest in, as principal, consultant, advisor, agent, financier
                or
                employee, any business entity which is, or which is about to become,
                engaged in, providing goods and/or services in a Competitive Business
                with
                the Company. The term “Competitive Business” as used in this Employment
                Agreement shall mean any business operating, whether retail, wholesale
                or
                otherwise, or granting franchises or licenses to other to operate,
                a food
                service business categorized as “fast casual or quick service” featuring
                submarine, deli, or panini or other sandwiches, breakfast panini,
                or
                Neapolitan thin crust pizza and deriving more than 10% of its gross
                sales
                from any of those items. Nothwithstanding the foregoing, the Employee
                shall not be prohibited from owning securities in a Competitive Business
                if such securities are listed on a stock exchange or traded on the
                over-the-counter market and represent 5% or less of that class of
                securities issued and outstanding. 

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	 	
              8.

            	
              CONFIDENTIALITY:
                During the term of this Agreement and thereafter, Employee covenants
                that
                he shall keep secret and confidential the "confidential information"
                of
                the Company, and shall not use or disclose such information for any
                purpose not authorized by the Company unless the information becomes
                public through no activity on his part. For purposes of this paragraph,
                "confidential information" includes information disclosed to or known
                by
                Employee as a consequence of or through his employment with the Company
                (including information conceived, originated, discovered or developed
                by
                Employee) not generally known about the Company's business, products,
                services and operations, including without limitation any trade secrets,
                know how, inventions, discoveries and improvements and ideas, whether
                of
                not patentable.

            

    

     

    
      	 	
              9.

            	
              EMPLOYEE
                INVENTIONS AND PROPRIETARY RIGHTS ASSIGNMENT AGREEMENT: The Employee
                agrees that during the term of this agreement, if Employee develops
                any
                proprietary technology; any patents and patent rights (including
                all
                information or discoveries covered thereby and all enhancements,
                modifications, improvements, divisions, continuations, continuations
                in
                part, reissues, re-examinations or extensions thereof), trademarks
                and
                trademark rights, copyrights and copyright rights, trade secrets
                and trade
                secret rights, and applications, registrations or their equivalents
                for
                any of the same; recipes, mixes, or other food related products,
                or any
                other intellectual property rights (collectively, the "Intellectual
                Property"), relating to the supplying of products or services in
                which the
                Company is or is likely to be involved, such Intellectual Property
                shall
                automatically become the property of the Company. The Employee agrees
                to
                cooperate with the Company to perfect the Employee’s respective claims to
                such Intellectual Property and to execute and deliver any and all
                documents reasonably necessary in order to effectuate the intent
                of this
                paragraph, and the Employee hereby grants to the Company an irrevocable
                power of attorney to execute any such
                documents.

            

    

     

    
      	 	
              10.

            	
              NON-SOLICITATION:
                The Employee agrees that for a period of one (1) year after the date
                of
                the termination of his employment for any reason, he shall not, either
                directly or indirectly; (i) solicit the services, or attempt to solicit
                the services, of any employee of the Company to any other person
                or
                entity; or (ii) solicit or otherwise encourage any supplier or other
                business contract of the Company to withdraw, curtail or cancel their
                business with the Company. 

            

    

     

    
      	 	
              11.

            	
              INDEMNIFICATION:
                The Company agrees to make the Employee a party to an indemnification
                agreement which shall be defined no later than the Effective Date.
                If
                Company-obtains a Directors' and Officers' Liability Insurance Policy,
                ,
                Employee will be covered in the same manner as other senior
                management.

            

    

     

    
      	 	
              12.

            	
              DISPUTE
                RESOLUTION: DISPUTE RESOLUTION: In the event of any dispute or claim
                relating to or arising out of this Employment Agreement (including,
                but
                not limited to, and claims of breach of contract, wrongful termination
                or
                age, sex, race or other discrimination), the Employee and the Company
                agree that all such disputes shall be fully and finally resolved
                by a
                court of competent jurisdiction.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	 	
              13.

            	
              ATTORNEY'S
                FEES: In the event that the Employee brings an action against the
                Company
                to remedy breaches of this Agreement, the following shall apply:
                (i) if
                the action brought by the Employee fails to win the decision in the
                court,
                the Company shall not be liable to reimburse any costs incurred by
                the
                Employee; (ii) if the action brought by the Employee prevails in
                the
                arbitration, in whole or in part, the Company shall be liable to
                reimburse
                the Employee his incurred attorney's fees, litigation costs and/or
                other
                costs associated with the action or
                actions. 

            

    

     

    
      	 	
              14.

            	
              FAILURE
                TO EXERCISE RIGHTS: Failure for one party to exercise a right conferred
                by
                this Agreement does not constitute in any way a renunciation to the
                exercise of that right.

            

    

     

    
      	 	
              15.

            	
              RETURN
                OF INFORMATION: Upon termination of this Agreement, for any reason,
                the
                Employee will remit to the Company without delay all documents, objects,
                goods (including computers, diskettes or any data storage device)
                owned by
                the Company and any copies thereof, and will destroy without delay
                any
                data they might have on personal computers, diskettes, or any other
                data
                storage device, related to the
                foregoing.

            

    

     

    
      	 	
              16.

            	
              INTERPRETATION:
                The Employee and the Company agree that this Employment Agreement
                shall be
                interpreted in accordance with and governed by the laws of the State
                of
                Colorado.

            

    

     

    
      	 	
              17.

            	
              SUCCESSORS
                AND ASSIGNS: This Employment Agreement shall inure to the benefit
                of and
                be binding upon the Company and its successors and assigns. In view
                of the
                personal nature of the services to be performed under this Employment
                Agreement by the Employee, he shall not have the right to assign
                or
                transfer any of his rights, obligations or benefits under the Employment
                Agreement, except as otherwise noted herein. This agreement may be
                assigned to the Company's successor without consent of the Employee
                (understanding Change in Control provisions still
                apply).

            

    

     

    
      	 	
              18.

            	
              ENTIRE
                AGREEMENT: This Employment Agreement constitutes the entire employment
                agreement between the Employee and the Company regarding the terms
                and
                conditions of his employment with the Company. To the extent that
                there is
                any inconsistency between this Employment Agreement and any other
                agreement between the Employee and the Company, the terms of this
                Employment Agreement will govern. This Employment Agreement supersedes
                all
                prior negotiations, representations or agreements between the Employee
                and
                the Company, whether written or oral, concerning the Employee's employment
                by the Company.

            

    

     

    
      	 	
              19.

            	
              VALIDITY:
                If any one or more of the provisions (or any part thereof) of this
                Employment Agreement shall be held invalid, illegal or unenforceable
                in
                any respect, the validity, legality and enforceability of the remaining
                provisions (or any part thereof) shall not in any way be affected
                or
                impaired thereby.

            

    

     

    
      	 	
              20.

            	
              ATTORNEYS'
                FEES IN NEGOTIATING AGREEMENT: Each party to this agreement has had
                the
                opportunity to consult legal advisor of their choice before signing
                this
                agreement. In connection therewith, the Company shall reimburse Employee
                for all reasonable attorneys fees incurred in the review and negotiation
                of this Agreement up to a maximum of
                US$1,000.

            

    

     

    
      	 	
              21.

            	
              MODIFICATION:
                This Employment Agreement may only be modified or amended by a
                supplemental written agreement signed by the Employee and the
                Company.

            

    

     

    
      	 	
              22.

            	
              COUNTERPARTS:
                This Employment Agreement may be executed in any number of counterparts,
                each of which shall be an original, but all of which together shall
                constitute one instrument.

            

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties have executed this Employment Agreement as of
      the
      date and year written below.

     

    
      	 	 	 
	Date:
              October __, 2006 	Spicy
              Pickle
              Franchising, Inc..
	 
 	 
 	 
 
	 	  	By:
	 	 	 
	 	Marc Geman
	 	 
	 	Its: Chief Executive Officer 
	 	 
	 	 
	Date: October __, 2006 	Kevin Morrison
	 	 
	 	EMPLOYEE 

    

    

    
      
         

      

      
        7

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