Document:

Unassociated Document

    Exhibit
      10.11

     

     

    Dated
      as
      of January 23, 2007

     

    Stoneleigh
      Partners Acquisition Corp.

    555
      Fifth
      Avenue

    New
      York,
      New York 10017

    

    HCFP/Brenner
      Securities LLC

    888
      Seventh Avenue, 17th Floor

    New
      York,
      New York 10106

     

    Re:
      Initial Public Offering

    

    Ladies
      and Gentlemen:

     

     

    The
      undersigned senior advisor and security holder of Stoneleigh Partners
      Acquisition Corp. (the “Company”), in consideration of HCFP/Brenner Securities
      LLC’s (“Brenner”) willingness to underwrite an initial public offering of the
      securities of the Company (the “IPO”) and embark on the IPO process, hereby
      agrees as follows (certain capitalized terms used herein are defined in
      paragraph 9
      hereof):

     

    1.  The
      undersigned waives any and all right, title, interest or claim of any kind
      in or
      to any distribution of the Trust Fund as a result of such liquidation with
      respect to his Insider Securities (each a “Claim”) and hereby waives any Claim
      he may have in the future as a result of, or arising out of, any contracts
      or
      agreements with the Company and will not seek recourse against the Trust Fund
      for any reason whatsoever. 

     

    2.  The
      undersigned acknowledges and agrees that the Company will not consummate any
      Business Combination which involves a company which is affiliated with any
      of
      the Insiders unless the Company obtains an opinion from an independent
      investment banking firm reasonably acceptable to Brenner that the business
      combination is fair to the Company’s stockholders from a financial perspective.

     

    3.  Neither
      the undersigned, any member of the family of the undersigned, nor any affiliate
      (“Affiliate”) of the undersigned will be entitled to receive and will not accept
      any compensation or fees of any kind, including finder’s and consulting fees,
      prior to, or for services they rendered in order to effectuate, the Business
      Combination. The undersigned shall also be entitled to reimbursement from the
      Company for their out-of-pocket expenses incurred in connection with seeking
      and
      consummating a Business Combination.

     

    4.  Neither
      the undersigned, any member of the family of the undersigned, or any Affiliate
      of the undersigned will be entitled to receive or accept a finder’s fee or any
      other compensation in the event the undersigned, any member of the family of
      the
      undersigned or any Affiliate of the undersigned originates a Business
      Combination.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Stoneleigh
            Partners Acquisition Corp.

          As
            of
            January 23, 2007

        

      

    

     

     

    5.  The
      undersigned agrees not to sell any of his Insider Securities until the Company’s
      completion of a Business Combination.

     

    6.  The
      undersigned agrees to be senior advisor of the Company until the earlier of
      the
      consummation by the Company of a Business Combination or the distribution of
      the
      Trust Fund. The undersigned’s biographical information furnished to the Company
      and Brenner and attached hereto as Exhibit A is true and accurate in all
      respects, does not omit any material information with respect to the
      undersigned’s background and contains all of the information required to be
      disclosed pursuant to Section 401 of Regulation S-K, promulgated under the
      Securities Act of 1933. The undersigned’s Questionnaire furnished to the Company
      and Brenner and annexed as Exhibit B hereto is true and accurate in all
      respects. The undersigned represents and warrants that:

     

    (a)  he
      is not
      subject to or a respondent in any legal action for, any injunction,
      cease-and-desist order or order or stipulation to desist or refrain from any
      act
      or practice relating to the offering of securities in any
      jurisdiction;

     

    (b)  he
      has
      never been convicted of or pleaded guilty to any crime (i) involving any fraud
      or (ii) relating to any financial transaction or handling of funds of another
      person, or (iii) pertaining to any dealings in any securities and he is not
      currently a defendant in any such criminal proceeding; and

     

    (c)  he
      has
      never been suspended or expelled from membership in any securities or
      commodities exchange or association or had a securities or commodities license
      or registration denied, suspended or revoked.

     

    7.  The
      undersigned has full right and power, without violating any agreement by which
      he is bound, to enter into this letter agreement and to serve as senior advisor
      to the Company.

     

    8.  The
      undersigned authorizes any employer, financial institution, or consumer credit
      reporting agency to release to Brenner and its legal representatives or agents
      (including any investigative search firm retained by Brenner) any information
      they may have about the undersigned’s background and finances (“Information”).
      Neither Brenner nor its agents shall be violating my right of privacy in any
      manner in requesting and obtaining the Information and the undersigned hereby
      releases them from liability for any damage whatsoever in that connection.
      Brenner shall only use such Information for the limited purpose of reviewing
      the
      history and background of the undersigned in connection with his position as
      senior advisor or securityholder of the Company and shall keep such Information
      confidential and shall use its best efforts to cause any of its employees and
      other authorized persons, who have access to such Information, to observe the
      same restrictions described herein.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Stoneleigh
            Partners Acquisition Corp.

          As
            of
            January 23, 2007

        

      

    

     

     

    9.  As
      used
      herein, (i) a “Business Combination” shall mean an acquisition by merger,
      capital stock exchange, asset or stock acquisition, reorganization or otherwise,
      of an operating business selected by the Company; (ii) “Insiders” shall mean all
      officers, directors, senior advisors and securityholders of the Company
      immediately prior to the IPO; (iii) “Insider Securities” shall mean all of the
      shares of common stock, Class W Warrants and Class Z Warrants (and all shares
      of
      common stock underlying such securities) of the Company owned by an Insider
      prior to the IPO; and (iv) “Trust Fund” shall mean that portion of the net
      proceeds of the IPO placed in trust for the benefit of the holders of the shares
      of Class B common stock issued in the Company’s IPO as contemplated by the
      Company's prospectus relating to the IPO.

     

     

    

    Brian
      Kaufman

    Print
      Name of Insider

                                                      

    Signature

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Stoneleigh
            Partners Acquisition Corp.

          As
            of
            January 23, 2007

        

      

    

    
 

    EXHIBIT
      A

     

    

      Jonathan
        Davidson
        has been
        our Senior Advisor since January 2007. Since November 2004, Mr. Davidson
        has
        been a Director of Centinela Freeman Holdings, Inc. In July 2003, Mr. Davidson
        co-founded Westridge Capital LLC and has served as a Managing Member since
        inception. From September 2003 to September 2004, Mr. Davidson also served
        as a
        Vice President of PLM International. From 1996 to July 2003, Mr. Davidson
        served
        as a Managing Director of Digital Coast Partners (now known as Montgomery
&
Co.) where he managed the Business and Consumer Services Group. From 1994
        to
        1996, Mr. Davidson was a founder and the Chief Financial Officer of Screenz,
        L.L.C., the developer of ScreenzNet, a private online service. From 1987
        to
        1994, Mr. Davidson served as a Vice President of Chemical Securities (now
        known
        as JPMorgan Chase), where he provided corporate finance and merger and
        acquisition advisory services. Mr. Davidson received a B.A. and an M.B.A.
        from
        the University of California at Los Angeles.

      

     

    
 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
          Stoneleigh
            Partners Acquisition Corp.

          As
            of
            January 23, 2007

        

      

    

     

     

    EXHIBIT
      B

     

    Intentionally
      OmittedEMPLOYMENT
      AGREEMENT

     

    THIS
      EMPLOYMENT AGREEMENT
      (the
      "Agreement") is made and entered into this 23rd day of January, 2007, by and
      between TheRetirementSolution.com, Inc., a Nevada Corporation, (the
“Company"), , and Nicholas S. Maturo, (the "Employee").

     

    WHEREAS,
      the
      Company desires to employ Employee, and Employee desires to be employed by
      the
      Company; and

     

    WHEREAS,
      the
      Company and the Employee wish to memorialize their understanding through this
      Agreement;

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual covenants and promises herein contained, the parties
      hereby agree as follows:

     

    
      	1.	
              Duties
                and Responsibilities

            

    

     

    During
      the term of this Agreement, Employee will be employed by the Company to serve
      as
      its Chief Executive Officer (C.E.O.). The Employee will devote such amount
      of
      business time, on a full-time basis, to the conduct of the business of the
      Company as may be reasonably required to effectively discharge Employee's duties
      under this Agreement and will perform those duties and have such authority
      and
      powers as are customarily associated with this position. Following acceptance
      of
      the position of C.E.O. by the Employee in accordance with the terms of this
      agreement, the Board of Directors will appoint you to the Board of Directors
      and
      elect you as Chairman of the Board. The duties, responsibilities, and term
      of
      the Employee as a Director and Chairman are not covered specifically by this
      agreement, but rather through the Articles of Incorporation and the By-laws
      of
      the Company. The parties hereto acknowledge and agree that the Employee’s
      position as C.E.O. is separate and distinct from the Employee’s position as a
      member of the Company’s Board of Directors and Chairman of the
      Board.

     

    
      	2.	
              Term
                of Employment

            

    

     

    
      	
            	2.1	
              Basic
                Term    

            

    

     

    This
      Agreement shall commence on January 23, 2007 and continue for a period of
      three (3) years, wherein it shall expire. This Agreement shall
      automatically renew for a period of three (3) years upon the expiration on
      the
      third anniversary of this Agreement unless either party informs the other party
      in writing, ninety (90) days prior to the third anniversary of this Agreement,
      of that party’s desire to terminate the Agreement on the third anniversary. The
      Agreement shall continue to renew every third year until terminated pursuant
      to
      this Agreement.

     

    
      	
            	2.2	
              Termination
                for Willful Misconduct    

            

    

     

    Termination
      for Willful Misconduct may be effected by Company at any time during the term
      of
      this Agreement and shall be effected by written notification by the Company
      to
      Employee. Such written notification shall specifically state the willful
      misconduct that is the grounds for the Employee’s termination. Upon Termination
      for Willful Misconduct, Employee is to be immediately paid all accrued salary,
      incentive compensation to the extent earned, vested deferred compensation (other
      than pension plan or profit sharing plan benefits, which will be paid in
      accordance with the applicable plan), and accrued vacation pay, all to the
      date
      of termination, and Employee will not be paid any severance compensation.
      Employee shall be entitled to any additional benefits, including but not limited
      to COBRA, as required by applicable law.

     

    "Termination
      for Willful Misconduct" means termination by Company of Employee's employment
      due to (i) Employee's willful dishonesty towards, fraud upon, or deliberate
      injury or attempted injury to, the Company; (ii) Employee's material breach
      of this Agreement; or (iii) Employee's gross negligence or intentional
      misconduct with respect to the performance of Employee's duties under this
      Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	2.3	
              Termination
                Other Than for Willful Misconduct    

            

    

     

    Notwithstanding
      anything else in this Agreement, Company may terminate this Agreement for any
      reason or no reason, at any time upon giving written notice to Employee of
      such
      termination. Upon termination pursuant to this section 2.3, Employee will
      immediately be paid all salary that Employee is due for the remaining term
      of
      the Agreement, all incentive compensation due to the Employee, severance
      compensation as provided in Section 4, vested deferred compensation (other
      than pension plan or profit sharing plan benefits, which will be paid in
      accordance with the applicable plan), and accrued vacation pay, all to the
      date
      of termination. Employee shall be entitled to any additional benefits, including
      but not limited to COBRA, as required by applicable law.

     

    
      	
            	2.4	
              Termination
                Due to Disability    

            

    

     

    In
      the
      event that, during the term of this Agreement, Employee should, in the
      reasonable judgment of the Board of Directors, fail to perform Employee's duties
      under this Agreement because of illness or physical or mental incapacity
      ("Disability"), and such Disability continues for a period of more than three
      (3) consecutive months, Company will have the right to terminate Employee's
      employment under this Agreement by written notification to Employee and payment
      to Employee of all salary that Employee is due to the date of termination plus
      one additional year’s Base Salary, all incentive compensation, severance
      compensation as provided in Section 4, vested deferred compensation (other
      than pension plan or profit sharing plan benefits, which will be paid in
      accordance with the applicable plan), and all accrued vacation pay, all to
      the
      date of termination. Employee shall be entitled to any additional benefits,
      including but not limited to COBRA, as required by applicable law.

     

    
      	
            	2.5	
              Death    

            

    

     

    In
      the
      event of Employee's death during the term of this Agreement, Employee's
      employment is to be deemed to have terminated as of the expiration date of
      this
      Agreement, and Company will pay to Employee's estate the Employee’s all salary
      that Employee is due to the date of termination plus one additional year’s Base
      Salary, incentive compensation to the extent earned, vested deferred
      compensation (other than pension plan or profit sharing plan benefits, which
      will be paid in accordance with the applicable plan), and accrued vacation
      pay
      to the date of termination.

     

    
      	
            	2.6	
              Voluntary
                Termination    

            

    

     

    Notwithstanding
      anything else in this Agreement, Employee may terminate this Agreement for
      any
      reason or no reason, at any time upon giving written notice to Company,
      respectively, of such termination. In the event that the Employee terminates
      this Agreement, the Employee shall provide the Company with thirty (30) days
      written notice, and the Company will immediately pay to Employee all accrued
      salary, all incentive compensation to the extent earned, vested deferred
      compensation (other than pension plan or profit sharing plan benefits, which
      will be paid in accordance with the applicable plan), and accrued vacation
      pay,
      all to the date of termination, but Employee will not be paid any severance
      compensation. 

     

    Voluntary
      termination means termination by the Employee of the Employee's employment
      with
      Company, except by reason of death or disability.

     

    
      	3.	
              Salary,
                Benefits and Other
                Compensation

            

    

     

    
      	
            	3.1	
              Base
                Salary

            

    

     

    The
      Employee shall be paid a minimum "Base Salary," payable bi-weekly. The Base
      Salary payable to Employee under this Section will initially be Two Hundred
      Twenty-Five Thousand Dollars ($225,000.00) annually. The Base Salary shall
      be
      adjusted each subsequent year, as determined by the Company’s Compensation
      Committee, in accordance with the salaries found for positions of the same
      nature, scope, and level of responsibility as the Employee’s and in similar
      industries to that of the Company. In no case shall the Base Salary be
      decreased.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
            	3.2	
              Incentive
                Bonus Plans    

            

    

     

    During
      the term of his employment under this Agreement, the Employee will be eligible
      to participate in all bonus and incentive plans established by the Board and
      the
      Compensation Committee. Employee will be provided with a description of said
      bonus and incentive plans separately from this Agreement. The Employee shall
      also be entitled to a bonus of Seventy-Five Thousand Dollars ($75,000.00) when
      the Company achieves Ten Thousand (10,000) subscribers at the Company’s lowest
      price point of $60.00 per month or $600.00 per year. The Employee shall be
      entitled to an additional bonus of Seventy-Five Thousand Dollars ($75,000.00)
      when the Company’s monthly revenues (as determined in accordance with Generally
      Accepted Account Principles) are equal to One Million Dollars ($1,000,000.00)
      or
      more. The Company’s Compensation Committee will examine the Employee’s
      performance on at least an annual basis, to determine if the Employee is meeting
      the objectives provided by the Company under this Agreement. If the Compensation
      Committee determines that the Employee is meeting the requirements of this
      Agreement, the Employee shall be entitled to a bonus on each anniversary of
      this
      Agreement between fifty percent (50%) and one-hundred percent (100%) of the
      Employee’s Base Salary.

     

    
      	
            	3.3	
              Benefit
                Plan    

            

    

     

    The
      Employee will be entitled to participate in or become a participant in the
      Company’s health insurance plan, pension benefit or profit sharing plan, or any
      other similar plan maintained by the Company for which the Executive is
      eligible, subject to the terms and conditions of such plans. On termination
      of
      the Employee for any reason or no reason, the Employee will retain all of
      Employee's rights to benefits that have vested under such plan, subject to
      federal and state laws. The Employee shall be entitled to three (3) weeks of
      paid vacation for each calendar year. If there is any employee benefit plan
      that
      is not currently provided by the Company, the Employee shall be entitled,
      without more, to participate in such plan as they are instituted by the
      Company.

     

    
      	
            	3.4	
              Withholding
                of Taxes    

            

    

     

    The
      Employee’s Base Salary, bonus, and benefits shall be subject to applicable tax
      withholding, in accordance with applicable law.

     

    
      	
            	3.5	
              Equity
                Position

            

    

     

    Employee
      shall be entitled to receive ownership shares in the Company per the Company's
      qualified Stock Option Plan of up to Six Million (6,000,000) shares. Until
      such
      time as the Company files and completes a registration statement the shares
      underlying the options will be restricted. Once the registration is effective
      all of the shares in the plan will be registered and thus unrestricted. The
      Company represents and warrants to the Employee that Six Million shares
      (6,000,000) is equivalent to four percent (4%) of the outstanding shares of
      the
      Company. The Employee shall be entitled at the time of execution of this
      Agreement to One Million Five Hundred Thousand (1,500,000) options to purchase
      shares. The purchase price of the options shall be the closing price of the
      Company’s shares on the date of execution of the Agreement by the Employee. Then
      the Employee shall be entitled to an additional One Million Five Hundred
      Thousand (1,500,000) options to purchase shares on the first anniversary of
      this
      Agreement at the closing price of the Company’s shares on the date of execution
      of this Agreement by the Employee. The Employee shall be entitled to an
      additional One Million Five Hundred Thousand (1,500,000) or options to purchase
      shares on the second and third anniversaries of this Agreement at the closing
      price of the Company’s shares on the date of execution of this Agreement by the
      Employee.

     

    
      	4.	
              Severance
                Compensation

            

    

     

    If
      Employee's employment is terminated for any reason or no reason, except a
      Termination Other Than for Willful Misconduct, as defined above, Employee will
      be paid the remaining balance of the term of this Agreement as severance pay,
      incentive compensation to the extent earned, vested deferred compensation (other
      than pension plan or profit sharing plan benefits, which will be paid in
      accordance with the applicable plan), and accrued vacation pay, all to the
      date
      of termination.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	5.	
              Confidentiality
                and Non-competition and Assignment of
                Inventions.

            

    

     

    The
      employee agrees to sign and execute the Company’s standard confidentiality
      agreement.

     

    
      	6.	
              Miscellaneous

            

    

     

    
      	
            	6.1	
              Entire
                Agreement; Modification    

            

    

     

    Except
      as
      otherwise provided in the Agreement, this Agreement represents the entire
      understanding among the parties with respect to the subject matter of this
      Agreement, and this Agreement supersedes any and all prior understandings,
      agreements, plans, and negotiations, whether written or oral, with respect
      to
      the subject matter hereof, including without limitation, any understandings,
      agreements, or obligations respecting any past or future compensation, bonuses,
      reimbursements, or other payments to Employee from Company. All modifications
      to
      the Agreement must be in writing and signed by the party against whom
      enforcement of such modification is sought.

     

    
      	
            	6.2	
              Governing
                Law    

            

    

     

    This
      Agreement is to be governed by and construed in accordance with the laws of
      the
      State of New Jersey applicable to employment contracts entered into.

     

    
      	
            	6.3	
              Survival
                of Company's Obligations    

            

    

     

    This
      Agreement will be binding on, and inure to the benefit of, the executors,
      administrators, heirs, successors, and assigns of the parties.

     

    
      	
            	6.4	
              Enforcement    

            

    

     

    If
      any
      portion of this Agreement is determined to be invalid or unenforceable, that
      portion of this Agreement will be adjusted, rather than voided, to achieve
      the
      intent of the parties under this Agreement. The remaining portions of the
      Agreement shall remain in full force and effect.

     

    
      	
            	6.5	
              Notices

            

    

     

    Any
      notice or other communication by one party to the other shall be in writing
      and
      shall be given, and be deemed to have been given, if either hand-delivered
      or
      mailed, postage prepaid, certified mail (return receipt requested), or sent
      by
      an overnight courier service, addressed as follows:

     

    
      	 	
              To
                the Company:

            	 	TheRetirementSolution.com, Inc.
	 	 	 	337 North Marwood Avenue
	 	 	 	Fullerton, California 92832
	 	 	 	 
	 	 	 	 
	 	To the Employee:	 	Nicholas S. Maturo
	 	 	 	4802 Oak Leaf Drive
	 	 	 	Naples, Florida
              34119

    

      

    Any
      party
      may change the address for notice by notifying the other party, in writing,
      of
      the new address.

     

     

    [SIGNATURES
      ARE ON THE FOLLOWING PAGE.]

    

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

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

    

     

    
      	 	 	COMPANY:
	 	 	 
	
              
                Date:
                  January
                  23,
                  2007                                            
                  

              

            	
            	
              TheRetirementSolution.com, Inc.

            
	 	 	 
	 	 	 
	
               

               

            	
               

            	
              By:

            	
              /s/
                William C. Kosoff

              
                

              

              William
                C. Kosoff, Chairman

            
	 	
            	 	 
	
              
                Date:
                  January
                  23,
                  2007                                            
                  

              

            	
            	
               

            
	
               

               

            	
               

            	
              By:

            	
              /s/
                Lou Sagar

              
                
Lou
                Sagar, Director

            
	 	
            	 	 
	 	
            	 	 
	
              
                Date:
                  January
                  23,
                  2007                                            

              

            	
               

            	
              EMPLOYEE:

            
	 	
            	 	 
	
               

               

            	
               

               

            	
              By:

            	
              /s/
                Nicholas S. Maturo

              
                
Nicholas
                S. Maturo

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