Document:

EMPLOYMENT
AGREEMENT

    

    THIS AGREEMENT made as of the
6th day of July 2009 (the "effective date").

    

    BETWEEN:

    

    Next
One Interactive, Inc.

    

    (the
"Company")

    

    - and
-

    

    Rich
Sokolowski

    (the
"Executive")

    

    WHEREAS the Company is engaged
in the ownership and management of travel, real estate and media related
services (the "Business"); and

    

    WHEREAS the Company desires to
employ the Executive and the Executive desires to accept such employment in the
Business, subject to the terms, conditions and covenants herein provided;
and

    

    WHEREAS both parties have
agreed to execute, deliver and perform this Agreement;

    

    NOW THEREFORE in consideration
of the mutual covenants herein contained and other good and valuable
consideration, the Company and the Executive agree as follows:

    

    POSITION

    

    
      	
            	
              1.

            	
              The
      Company hereby employs the Executive as, and the Executive agrees to be
      employed as, the Chief Financial Officer of the Company on the terms and
      conditions herein contained.

            

    

    

    The
Executive shall report to the Chief Operating Officer and/or the Chief Executive
Officer (as required) of the Company.

    

    2.           The
Executive shall have such duties and responsibilities as the Executive and the
Company’s COO shall agree upon from time to time.  Initially, such
duties and responsibilities will include those set forth on Exhibit A
hereto.

    
 

    
      
        
           

        

        
           

          
            

          

        

        
           

          2

        

      

    

    

    
      	
               
      

            	
              3.

            	
              The
      Executive shall work primarily out of the corporate office in Weston
      Florida however it is understood that the executive’s duties will require
      spending time in other areas of the United States including Denver
      Colorado.  The Company agrees that the Executive is being asked
      to relocate his principal place of employment and that any and all
      reasonable relocation costs shall be borne by the
  Company.

            

    

     

    
      	
               
      

            	
              4.

            	
              The
      Executive will agree to work with the CEO, COO and other executives of the
      company to prepare budgets for the Company, develop reporting systems,
      develop new business opportunities, and assist in all financial aspects of
      the company, working directly with the CEO/COO on projects and development
      of the corporation business plan and financial and reporting systems in an
      overall effort to aid the corporation in achieving its goals of operating
      in an efficient and fiscally responsible
manor.

            

    

    

    REMUNERATION

     

    

         5.
(a)        The Executive shall receive a
minimum base salary from the Company of no less than US$150,000 per year of
employment.

    

    During
the Term hereof (the "Salary"), payable in
accordance with the Company's payroll practices in force from time to time shall
be inclusive of all applicable income, employment insurance and other taxes and
charges that are required by law to be withheld by the Company or the
Executive.

    

    
       
     (b)         Except
as otherwise provided herein, the Salary shall be pro-rated for
any

    

      partial
year.

    

    
      	
            	
              (c)

            	
                  The
      company will agree to enter into an option plan with the executive for
      Stock options to be set under similar terms and conditions as those of
      other senior management as soon as the stock option plan for the Parent
      company is approved by the
Board.

            

    

    

    6. Bonuses.  The
Company will agree to include the Executive in any cash bonuses that may be set
from time to time by the Board of Directors as part of a Senior Management
Incentive package. The Executive right to access any bonus is solely at the
discretion of the Board of Directors.

    

    Other bonuses - Additionally
the senior management will agree to review the systems and financial controls as
implemented by the Executive after the 90 day and 180 day anniversary of the
executive joining the Company and if deemed by senior management that financial
systems have been enhanced so as to allow the senior management greater ability
in the oversight and general operations of the business then Senior Management
will agree to work with the executive to develop an  “Other Bonus”
that specifically rewards the Executive for the ‘FINANCIAL CONTROLS” . While no
terms for the potential earn out of this “other bonus’ are set and such bonus is
to be developed in good faith based upon the performance of the executive such
“other bonus” if
earned and paid  will be paid in common stock of the
corporation and will in no case exceed 25,000 shares of the company stock based
on a current price of $2.00 per share.

    
      
         

      

      
         

        
          

        

      

      
         

        3

      

    

     

    BENEFITS AND
EXPENSES

    

    7.           The
Executive has agreed to cover his own health, life and medical benefit plan and
will not be using the plan that is made available by the Company generally to
its executives for the first 180 days of employment, however, after relocation
to Florida the executive will have the option to access the Company’s health,
life and medical benefit plan if required.

    

    The
Company has agreed that it will pay all necessary and reasonable interim housing
and transportation expenses for the first 180 days of employment including
business expenses as approved by the Company’s CEO which approval shall not be
unreasonably withheld.

    

    After the
first 180 days of employment it is agreed that the Executive will then be
responsible for expenses which are actually and properly incurred by the
Executive in furtherance of or in connection with the Business. These expenses
including without limitation, all business related travel and parking expenses,
public relations expenses and all business related entertainment expenses
(whether incurred at the Executive's residence, while traveling or
otherwise).  If any such expenses are paid in the first instance by
the Executive, the Company shall reimburse him therefore, subject to the receipt
by the Company of statements and vouchers in a form reasonably satisfactory to
the Company.

    

    VACATION

    

    8.           The
Executive shall be entitled to four weeks paid vacation in each year of the Term
of the Agreement.  In the event of termination of this Agreement and
the Executive's employment, the Executive shall be entitled to payment for any
vacation time accrued up to the date of termination but unused.

    

    TERM

    

    9.           (a)           The
initial term of this Agreement (the "Initial Term"), and the
Executive's employment hereunder, shall be for a period of three years
commencing as of July 6, 2009, unless sooner terminated in accordance with the
provisions of section 10; provided that upon the expiration of the Initial Term,
this Agreement shall be automatically renewed for successive periods of one year
each (each a “Renewal Term”), unless at least 90 days prior to the expiration of
the Initial Term or any Renewal Term, as the case may be, either the Executive
or the Company gives written notice to the other of its intention to terminate
this Agreement upon the expiration of the Initial Term or the Renewal Term, as
the case may be.

    
      
         

      

      
         

        
          

        

      

      
         

        4

      

    

    

     For
the purposes of this Agreement, if such notice is not given at least 90 days
prior to the expiration of the Initial Term or Renewal Term, as the case may be,
the employment of the Executive hereunder shall be deemed to be automatically
renewed for a one-year period following the date of such expiration upon the
same terms as the preceding year.  Notwithstanding anything to the
contrary set forth herein, there shall not be any more than four (4) Renewal
Terms.  The Initial Term, as it may be extended by one or more Renewal
Terms is referred to herein as the Term.

    

    
      	
               
      

            	
              (b)

            	
              In
      the event of the delivery by the Executive of a notice pursuant to section
      9(a), the Executive shall be deemed to have voluntarily resigned from his
      employment hereunder effective on the expiration of the Initial Term or
      Renewal Term, as the case may be.  In the event of termination
      by the Executive under this section 9, the Executive shall be entitled to
      Salary and benefits (including, without limitation, Executive’s Bonus)
      earned up until termination and shall be entitled to reimbursement of
      business expenses recoverable under section 7, above, incurred up until
      termination. Notwithstanding the foregoing and notwithstanding the
      provisions of Article 10 hereof, in the event the Executive delivers a
      notice pursuant to subsection 9(a) and is thereby deemed to have
      voluntarily resigned from his employment effective on the expiration of
      the Initial Term or the Renewal Term, upon receipt of such notice, the
      Company shall have the right to immediately terminate the employment of
      the Executive hereunder and in such event the Executive shall only be
      entitled to his Salary and benefits (including, without limitation,
      Executive’s Bonus) earned up until termination and shall be entitled to
      reimbursement of business expenses recoverable under section 7 above,
      incurred up until termination.

            

    

    

    
      	
               
      

            	
              (c)

            	
              In
      the event of the delivery by the Company of a notice pursuant to section
      10(a), Company shall pay Executive his Salary and benefits (including,
      without limitation, Executive’s Bonus) earned or accrued through the date
      of termination and shall reimburse Executive for business expenses
      recoverable under section 7, above, incurred up until the date of
      termination.

            

    

    

    TERMINATION

     

    
      
        	
                10.

              	
                (a)

              	
                Events
      of Termination.  The Term, the Executive’s Salary and any
      and all other rights of the Executive under this Agreement or otherwise as
      an executive of the Company will terminate (except as otherwise provided
      in section 10):

              

      

    

     

    
      	
               
      

            	
              (i)

            	
              upon
      the death of the Executive;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              upon
      the disability of the Executive (as defined in section 10(b)) immediately
      upon notice from either party to the
other;

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        5

      

    

     

    
      	
               
      

            	
              (iii)

            	
              For
      Cause (as defined in section 10(c)), immediately upon notice from the
      Company to the Executive or at such later time as such notice may
      specify;

            

    

     

    
      	
               
      

            	
              (iv)

            	
              Other
      than For Cause, Disability or Death, immediately upon notice from the
      Company to the Executive or at such later time as such notice may specify;
      or

            

    

     

    
      	
               
      

            	
              (v)

            	
              For
      Good Reason (as defined in section 10(d)) upon not less than 10 days'
      prior notice from the Executive to the
Company.

            

    

     

    
      	
               
      

            	
              (b)

            	
              Definition
      of Disability.  For the purposes of section 10(a),
      the Executive will be deemed to have a "disability" if, for
      physical or mental reasons, the Executive is unable to perform the
      Executive's duties for a period of 120 days out of 180 days, under this
      Agreement as determined in accordance with this
      section 10(b).  The disability of the Executive will be
      determined by a medical doctor selected by written agreement of the
      Company and the Executive upon the request of either party by notice to
      the other.  If the Company and the Executive cannot agree on the
      selection of a medical doctor, each of them will select a medical doctor
      and the two medical doctors will select a third medical doctor who will
      determine whether the Executive has a disability.  The
      determination of the medical doctor selected under this section 10.2(b)
      will be binding on both parties.

            

    

     

    
      	
               
      

            	
              (c)

            	
              Definition
      of "For Cause".  For the purposes of section 10(a), the
      phrase "For Cause"
      means: (i) the Executive's material breach of this Agreement; (ii)
      the Executive’s failure to substantially perform the duties of Chief
      Financial Officer (or such other position with the Company as Executive
      may hold) as contemplated hereunder; (iii) the Executive's failure to
      substantially adhere to any reasonable written Company policy if the
      Executive has been given a reasonable opportunity to comply with such
      policy or cure his failure to comply; (iv) the misappropriation by
      the Executive of a material business opportunity of the Company, including
      securing any undisclosed personal profit in connection with any
      transaction entered into on behalf of the Company; (v) the
      misappropriation of any of the Company's funds, property or Confidential
      Information; (vi) the commission of material acts of dishonesty, willfully
      fraudulent or criminal acts or misconduct, or other willfully wrongful
      acts or omissions materially adversely affecting the Company;
      (vii) the conviction of, the indictment for or its procedural
      equivalent or the entering of a guilty plea or plea of no contest with
      respect to any felony.

            

    

     

    
      	
               
      

            	
              (d)

            	
              Definition
      of "For Good Reason."  For the
      purposes of section 10(a), the phrase "For Good Reason"
      means the Company's material breach of this
  Agreement.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        6

      

    

     

    
      	
               
      

            	
              (e)

            	
              Termination
      Pay.  Effective upon the termination of this Agreement
      for any of the reasons set forth in section10(a), the Company shall be
      obligated to pay the Executive (or in the event of his death, his
      designated beneficiary as defined below) the compensation provided in this
      section 10(e), as well as all business expenses recoverable under Section
      7. For purposes of this section 10(e), the Executive's designated
      beneficiary will be such individual beneficiary or trust, located at such
      address, as the Executive may designate by notice to the Company from time
      to time or if the Executive fails to give notice to the Company of such a
      beneficiary, the Executive's estate. Notwithstanding the preceding
      sentence the Company will have no duty, in any circumstances, to attempt
      to open an estate on behalf of the Executive, to determine whether any
      beneficiary designated by the Executive is alive or to ascertain the
      address of any such beneficiary, to determine the existence of any trust,
      to determine whether any person or entity purporting to act as the
      Executive's personal representative (or the trustee of a trust established
      by the Executive) is duly authorized to act in that capacity or to locate
      or attempt to locate any beneficiary, personal representative, or
      trustee.

            

    

     

    
      	
               
      

            	
              (i)

            	
              Termination
      by the Executive For Good Reason. If the Executive terminates this
      Agreement For Good Reason, the Company shall (A) pay the Executive his
      Salary and other benefits earned or accrued through the date of
      termination.

            

    

     

    
      	
               
      

            	
              (ii)

            	
              Termination
      by the Company For Cause.  If
      the Company terminates this Agreement For Cause, the Company shall pay
      Executive his Salary and other benefits earned or accrued through the date
      of termination.

            

    

     

    
      	
               
      

            	
              (iii)

            	
              Termination
      upon Disability.  If this Agreement is terminated by
      either party as a result of the Executive's disability, as determined
      under section 10(a)(ii), the Company shall (A) pay the Executive his
      Salary and other benefits earned or accrued through the remainder of the
      calendar month during which such termination is
  effective.

            

    

     

    
      	
               
      

            	
              (iv)

            	
              Termination
      upon Death.  If
      this Agreement is terminated because of the Executive's death, the Company
      shall (A) pay Executive’s estate or designated beneficiary the Executive’s
      Salary, Bonus and other benefits earned or accrued through the date of
      death.

            

    

     

    
      	
               
      

            	
              (v)

            	
              Termination
      by Company Other than For Cause, Disability or Death. If the Company
      terminates this Agreement other than For Cause or for death or disability,
      the Company shall (A) pay Executive his Salary, Bonus and other benefits
      earned or accrued through
termination.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        7

      

    

     

    CONFIDENTIALITY

    

    
      
        	
                11.

              	
                (a)

              	
                All
      confidential records, material, information and all trade secrets
      concerning the business or affairs of the Company obtained by the
      Executive in the course of his employment with the Company shall remain
      the exclusive property of the Company.  During the Executive's
      employment or at any time thereafter, the Executive shall not divulge the
      contents of such confidential records, material, information or trade
      secrets to any person, firm or corporation other than to the Company or
      the Company’s qualified executives and following the termination of his
      employment hereunder the Executive shall not, for any reason, use the
      contents of such confidential records, material, information or trade
      secrets for any purpose whatsoever.  This section shall not
      apply to any confidential records, material, information or trade secrets
      which:

              

      

    

    

    
      	
               
      

            	
              (1)

            	
              is
      or becomes publicly known through the lawful action of any third
      party;

            

    

    

    
      	
               
      

            	
              (2)

            	
              is
      disclosed without restriction to the Executive by a third
      party;

            

    

    

    
      	
               
      

            	
              (3)

            	
              is
      known by the Executive prior to its disclosure by the
    Company;

            

    

    

    
      	
               
      

            	
              (4)

            	
              is
      subsequently developed by the Executive, independently of records,
      material, information and trade secrets supplied to the Executive by the
      Company;

            

    

    

    
      	
               
      

            	
              (5)

            	
              has
      been made available by the Company directly or indirectly to a third party
      without obligation of confidentiality;
or

            

    

    

    
      	
               
      

            	
              (6)

            	
              the
      Executive is obligated to produce as a result of a court order or pursuant
      to governmental or other legal action, provided that the Company shall
      have been given written notice of such court order or governmental or
      other legal action and an opportunity to appear and
  object.

            

    

    

    
      	
               
      

            	
              (b)

            	
              The
      Executive agrees that all Confidential Information which the Executive
      develops, prepares or works on either individually or on a team during the
      Term with the Company shall belong exclusively to the Company and the
      Executive hereby assigns to the Company all title and interest, including
      copyright and patent rights, thereto and waives any moral rights which the
      Executive may have therein.  If the Executive develops, prepares
      or works on the design or development of Confidential Information of any
      kind during the Term, the Executive will keep notes and other written
      records of such work, which records shall be kept on the premises of the
      Company and made available to the Company at all times for the purpose of
      evaluation and use in obtaining copyright protection or as a protective
      procedure. The Executive will upon request of the Company, and at the
      Company's expense, provide a reasonable level of assistance to the Company
      with respect to applications for trade marks, copyrights, patents or other
      forms of intellectual property protection for work on which the Executive
      was involved during the Term. The Executive agrees to execute such
      documents as are reasonable and necessary for the purpose of the Company
      establishing its right of ownership to such
  property.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

        8

      

    

     

    NON-SOLICITATION

    

    12.           The
Executive covenants and agrees with the Company that he shall not, during the
term of his employment hereunder and for a period ending ninety days following
the date of the termination (for any reason) of his employment:

    

    
      	
               
      

            	
              (a)

            	
              directly
      or indirectly solicit, interfere with or endeavor to direct or entice away
      from the Company any person, firm or company who is or has within the
      preceding year been a customer, client, affiliated agency or otherwise in
      the habit of dealing with the Company;
or

            

    

    

    
      	
               
      

            	
              (b)

            	
              Interfere
      with, entice away or otherwise attempt to induce the termination of
      employment of any employee of the
Company.

            

    

    

    NON-COMPETITION

    

    13.           The
Executive covenants and agrees with the Company that he will not (without the
prior written consent of the Company which consent will not be unreasonably
withheld) directly or indirectly, during the term of his employment hereunder
and for a period 30 days following the date of the termination of his
employment, carry on or be engaged in any business within North America which is
competitive with the Business (a "Competitive Business") where
such business involves “clients or accounts” that were introduced to the
Executive by the Company.

    

    INJUNCTIVE
RELIEF

    

    14.           The
Executive acknowledges and agrees that the agreements and covenants in sections
11 to 13 are essential to protect the business and goodwill of the Company and that a breach by
the Executive of the covenants in sections 11 to 13 hereof could result in
irreparable loss to the Company which could not be adequately compensated for in
damages and that the Company may have no adequate remedy at law if the Executive
breaches such provisions.  Consequently, if the Executive breaches any
of such provisions, the Company shall have in addition to and not in lieu of,
any other rights and remedies available to it under any law or in equity, the
right to obtain injunctive relief to restrain any breach or threatened breach
thereof and to have such provisions specifically enforced by any court of
competent jurisdiction.

     

    DISPUTE RESOLUTION
PROCEDURE

     

    
      
        	
                15.

              	
                (a)

              	
                The
      parties shall be free to bring all differences of interpretation and
      disputes arising under or related to this Agreement to the attention of
      the other party at any time without prejudicing their harmonious
      relationship and operations hereunder and the offices and facilities of
      either party shall be available at all times for the prompt and effective
      adjustment of any and all such differences, either by mail, telephone, or
      personal meeting, under friendly and courteous
      circumstances.  Notwithstanding the foregoing, any controversy,
      claim, or breach arising out of or relating to this Agreement which the
      parties are unable to resolve to their mutual satisfaction shall be
      resolved in accordance with subparagraph b
  below.

              

      

    

     

    
      
        
           

        

        
           

          
            

          

        

        
           

          9

        

      

    

     

    
      	
               
      

            	
              (b)

            	
              As
      a condition precedent to invoking any other dispute resolution procedure
      including litigation, the parties shall attempt in good faith first to
      mediate such dispute and use their best efforts to reach agreement on the
      matters in dispute.  Within five business days of the
      request of either party, the requesting party shall attempt to employ the
      services of a third person mutually acceptable to both parties to conduct
      such mediation within five business days of the mediator's
      appointment.  Unless otherwise agreed upon by the parties
      hereto, the parties shall share the cost of the mediator's fees and
      expenses equally.  If the parties are unable to agree on such
      third person, then the requesting party may submit the matter to the
      nearest office of the American Arbitration Association for mediation, only, in
      accordance with the commercial mediation rules then
      prevailing.  If, on completion of such mediation, the parties
      are still unable to agree upon and settle the dispute, then either party
      may initiate litigation.  This Agreement contains no arbitration
      clause.  Binding arbitration may only be used upon the mutual
      agreement of the parties hereto.

            

    

     

    SEVERABILITY

    

    16.           The
parties acknowledge that the provisions of sections 11 to 13 hereof (the "Restrictive Covenants") are
reasonable and valid in geographic and temporal scope and all other
respects.  If any court of competent jurisdiction determines that any
of the Restrictive Covenants or any part thereof, is or are invalid or
unenforceable, the remainder of the Restrictive Covenants shall not thereby be
affected and shall be given full effect, without regard to invalid
portions.  If any court of competent jurisdiction determines that any
of the Restrictive Covenants or any part thereof is unenforceable because of the
duration or geographic scope of such provision, such court shall have the power
to reduce the duration or scope of such provision, as the case may be and, in
its reduced form, such provision shall then be enforceable.  The
Executive acknowledges that the Company's business extends throughout the
geographical area outlined above and that the geographic scope of the covenants
contained herein is reasonable.

    

    INDEMNITY

    

    17.           Except
for acts of dishonesty, willfully fraudulent or criminal acts or other willfully
wrongful acts or omissions on the part of Executive, the Company agrees to
indemnify and save the Executive harmless from and against any and all damages,
liabilities, claims, costs, including reasonable attorneys’ fees, charges and
expenses, including any amount paid to settle any action or satisfy any
judgment, incurred by him in connection with his employment or incurred by him
in respect of any civil, criminal or administrative action or proceeding to
which the Executive is made a party by reason of having been an officer or
employee of the Company.

     

    
      
        
           

        

        
           

          
            

          

        

        
           

          10

        

      

    WHOLE
AGREEMENT

    

    18.           This
Agreement constitutes and expresses the whole agreement of the parties hereto
with respect to the employment of the Executive by the Company and with respect
to any matters or things herein provided for or hereinbefore discussed or
mentioned with reference to such employment.  All promises,
representations, collateral agreements and understandings relative thereto not
incorporated herein are hereby superseded by this Agreement.

    

    GENERAL

    

    19.           All
notices, request, demands or other communications by the terms hereof required
or permitted to be given by one party to the other shall be given in writing by
personal delivery or by facsimile, addressed to the other party as
follows:

     

    
      
        	
                (a)

              	
                to
      the Company at:

              	
                Next
      One Interactive

              
	 
      	 
      	
                2400
      North Commerce Pkwy, ste 105

              
	 
      	 
      	
                Weston
      FL 33326

              
	 
      	
                Attention:

              	
                William
      Kerby

              
	 
      	
                Facsimile
      No:

              	
                (954)
      888-9082

              
	 
      	 
      	 
      
	
                (b)

              	
                to
      the Executive at:

              	
                Next
      One Interactive

              
	 
      	 
      	
                2400
      North Commerce Pkwy, ste 105

              
	 
      	 
      	
                Weston
      FL 33326

              
	 
      	
                Attention:

              	
                Richard
      Sokolowski

              
	 
      	
                Facsimile
      No:

              	
                (954)
      888-9082

              

      

    

     

    or such
other addresses as may be given by either of them to the other in writing from
time to time.

    

    20.           This
Agreement shall be governed by and interpreted under the laws of the State of
Florida without regard to principals of conflicts of law.

    

    21.           All
dollar amounts referred to in this Agreement are expressed in U.S.
funds.

    

    
      
        	
                22.

              	
                (a)

              	
                This
      Agreement is personal to the Executive and may not be assigned by
      him.

              

      

    

    

    
      	
               
      

            	
              (b)

            	
              Upon
      notice to the Executive, this Agreement may be assigned to an affiliate of
      the Company, provided that notwithstanding such assignment, the Company
      continues to guarantee the performance by such assignee of its obligations
      hereunder. This Agreement shall not otherwise be assigned by Company and
      such restriction shall include any assignment by operation of
      law.

            

    

     

    
      
        
           

        

        
           

          
            

          

        

        
           

          11

        

      

    

     

    
      	
               
      

            	
              (c)

            	
              Except
      as aforesaid, this Agreement shall enure to the benefit of and be binding
      upon the parties hereto and their respective successors and assigns,
      including, in the case of the Executive, his heirs, executors,
      administrators and legal personnel
  representatives.

            

    

    

    23.           Time
shall be of the essence of this Agreement and of every part hereof.

    

    24.           The
parties acknowledge and agree that, except to the extent the context clearly
requires otherwise, the representations, warranties and covenants set forth
herein shall survive the termination or expiration of this
Agreement.

     

    25.           The
parties acknowledge that each of them has read and understood this Agreement,
and that each of them has been given the opportunity to obtain independent legal
advice in connection with this Agreement and its terms.

    

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

    

    
      
        
          
            
              
                
                  
                    
                      
                        	 
      	
                                Next
      One Interactive, Inc.

                              
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	
                                By:

                              	
                                /s/William Kerby

                              
	 
      	 
      	
                                William
      Kerby

                              
	 
      	 
      	 
      
	 
      	 
      	 
      
	  	 
      	
                                /s/Richard Sokolowski

                              
	
                                Witness

                              	
                                Richard
      Sokolowski

                              

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

        12

      

    

    EXHIBIT
A

    To
the Employment Agreement Dated the 6th day of
July 2009

    by
and between

    Next
One Interactive, Inc.

    And

     Richard
Sokolowski

    

    The
Executive’s initial responsibilities are as follows:

     

    
      Duties:

    

    
      Responsible
for overseeing all financial aspects of the day to day operations of
Company.

    

    
      Responsible
for overseeing and ensuring completion of the Filings, Reporting, Sarbanes Oxley
aspects of the company on a timely and accurate basis.

    

    
      Work with
the CEO and COO to assist in setting of the direction of the
corporation

    

    
      Implementation
of proper accounting systems, reporting systems.

    

    
      Responsible
for the prudent management of the company’s financial
affairs.

    

    
      Setting
up Structure and staff roles, responsibilities, goals and objectives for the
finance and accounting department.

    

    
      Helping
to coordinate the media and travel divisions operations to ensure they act in an
efficient and profitable manner.

    

    
      Review of
existing staff and assessing capabilities including position changes, hiring and
firing as required

    

    
      Working
with the CEO, COO and other department heads  to review expenditures,
develop budgets, complete ongoing review with senior management of these budgets
to ensure efficiencies, cost control systems and best practices are implemented
and practiced

    

    

    
      Such
other duties as may be assigned by the CEO/ COO from Time to
TimeExhibit
10.2

     

    

    

    

    

    

    July 8,
2009

    

    Catherine
M. Vaczy, Esq.

    140 East
28th Street

    Apartment
#11C

    New York,
New York 10016

    

    Dear
Catherine:

    

    We are
pleased to enter into this reinstatement and extension (the “Extension”) of your
employment agreement dated as of January 26, 2007, as thereafter amended by
amendments on January 9, 2008 and August 29, 2008 (the “Original Agreement),
with respect to your  service to the Company as its  Vice
President and General Counsel.  This Extension  shall become
effective (the “Effective Date”) on the date that it is fully executed by you
and the Company and shall modify the Original Agreement with respect to those
different and additional terms as set forth below.

    

    
      	
               
      

            	
              1.

            	
              Your
      Base Salary for the Term shall be
$182,500.

            

    

    
      	
               
      

            	
              2.

            	
              Upon
      execution, you shall receive a 25,000 share stock award under the
      Company’s 2009 Equity Compensation Plan with the Company paying on your
      behalf the  associated payroll
taxes.

            

    

    
      	
               
      

            	
              3.

            	
              You
      shall receive a $5000 cash bonus upon each of the Company’s current S-4
      registration statement and S-3 registration statement being approved by
      the SEC.

            

    

    
      	
               
      

            	
              4.

            	
              The
      Term shall begin as of the Effective Date and continue for one year
      thereafter.

            

    

    
      	
               
      

            	
              5.

            	
              You
      shall be granted on the Effective Date an option (the “Option”) under the
      Company’s 2009 Equity Compensation Plan (the “2009 Plan”) to purchase
      200,000 shares of the Company’s Common Stock which shall vest and become
      exercisable as to 100,000 shares on the Effective Date and as to the
      remaining 100,000 shares upon shareholder approval of the Company’s
      proposed merger with China Biopharmaceuticals Holdings, Inc. (the
      “Merger”).

            

    

    
      	
               
      

            	
              6.

            	
              You
      shall be granted on the date the Merger is approved by the Company’s
      shareholders and the expansion of the Company’s option pool, an option to
      purchase 100,000 shares of Common Stock which shall vest and become
      exercisable on the first anniversary of the Effective
  Date.

            

    

    
      	
               
      

            	
              7.

            	
              The
      options set forth above as well as other options granted or to be granted
      to you shall remain exercisable despite any termination of your employment
      for a period of not less than two years from the date of your termination
      of employment.  The per share exercise price of the options to
      be granted pursuant to this Extension shall equal the closing price of the
      Common Stock on the date of grant.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     

    
      	
               
      

            	
              8.

            	
              In
      the event you resign you will give the company 60 days
    notice

            

    

    
      	
               
      

            	
              9.

            	
              Severance
      payments set forth in the Original Agreement to which you may become
      entitled shall be based on your then salary for a three month and not an
      annual period.

            

    

    

    Terms not otherwise defined herein
shall have the meaning ascribed to them in the Original
Agreement.  Except as set forth herein the terms of the Original
Agreement shall remain unchanged.

    

    
      	 
      	
              Very
      truly yours,

            
	 
      	 
      
	 
      	
              NeoStem,
      Inc.

            
	 
      	 
      
	 
      	
              By:/s/
      Robin Smith

            
	 
      	
              Name:
      Robin Smith

            
	 
      	
              Title:
      CEO

            

    

    

    

    /s/
Catherine M. Vaczy

    Catherine
M. Vaczy

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