Document:

Letter of Agreement dated March 31, 2009.

 Exhibit 10.25 
 EXTENSION ON GHI PAYMENT OBLIGATION 
 This letter of agreement (the “Letter of Agreement”) is reflecting the
agreement reached on March 31, 2009 amongst all parties to the Amendment No. 3 to Exclusive License and Distribution Agreement dated December 18, 2008 (the “Amendment No. 3”) with regard to the following subject only. Any
capitalized term used but not defined herein shall have the same meaning as in the Amendment No. 3. 
 RECITALS 
 WHEREAS, GHI has requested Reduct and Delta Networks for an extension on the GHI cash portion payment obligation to Reduct under Section 10 of the Amendment No. 3
(the “Reduct Payment”), and Reduct and Delta Networks have agreed to allow such an extension under certain terms and conditions (the “Extension”). 
 NOW, THEREFORE the parties hereby agree as follows: 
 1. Extension of GHI payment obligation due under Section 10 of
the Amendment No. 3 for the calendar year 2009. The GHI payment obligation due under Section 10 of the Amendment No. 3 for the calendar year 2009 is hereby amended to be US$500,000 due on June 1, 2009 and the balance due for 2009 shall
be paid before December 31, 2009. as supported by market demand for probes. 
 2. Alternative Payment in Kind. For any payment required by
Section 1 hereof not paid in cash by December 31, 2009, such balance due and outstanding shall be paid in stock in GHI, priced at the average between the bid and the ask at the close of the market for each day over the last sixty trading
days of 2009. 
 3. Reduct will invoice directly to GHI/Geospatial clients. For the term of the Extension, Reduct will produce and invoice for
Company Products, System accessories and maintenance services directly to GHI/Geospatial clients. The difference between the sale price and the Reduct standard pricing for Company Products, System Accessories and maintenance services prices agreed
under the Exclusive License and Distribution Agreement may be invoiced by GHI/Geospatial to Reduct and be offset against GHI/Geospatial payables otherwise due and outstanding to Reduct/Delta Networks. 
 4. Termination or cancellation under the Exclusive License and Distribution Agreement. In the event of a termination or cancellation under the Exclusive License
and Distribution Agreement, Reduct shall continue to provide server access and services to GHI on all Company Products and/System Accessories owned or sold by GHI. After the termination under the Exclusive License and Distribution Agreement, Reduct
shall make Company 

 Products and/or System Accessories and related services available on mutually agreed commercial pricing on a
non-exclusive basis. 
 5. Purchase of Reduct Stock. The parties agree that the amount of purchase price for Reduct mentioned in Section 6 of the
Amendment No. 3 to the Exclusive License and Distribution Agreement shall be subject to negotiation with the proposed investor at the time of the financing round to fund the said acquisition. 
 IN WITNESS WHEREOF, the parties hereto have executed this Letter of Agreement, or caused this Letter of Agreement to be duly executed by their respective authorized
officers, as of March 31, 2009. 
  

									
	GEOSPATIAL MAPPING SYSTEMS, Inc.	 		 	GEOSPATIAL HOLDINGS, INC.
					
		 	/s/ Mark A. Smith	 		 		 	/s/ Mark A. Smith
	By:	 	Mark A. Smith	 		 	By:	 	Mark A. Smith
	Title:	 	CEO	 		 		 	
			
	REDUCT NV	 		 	DELTA NETWORKS LIMITED SA
					
	By:	 	/s/ Otto Ballintijn	 		 		 	/s/ Peter Magnus
	Name:	 	Otto Ballintijn	 		 	By:	 	Peter MagnusUnassociated Document

    PROMISSORY
NOTE

     

    
      
        	$45,000.00
      CDN  	
                October 1st,
      2008 

              

      

    

                                                                                              

    FOR VALUE RECEIVED, the
undersigned Global Clean Energy, Inc., a Maryland corporation ("Maker") promises
to pay to the order of Howard Stupp ("Lender"), at his principal office, or at
such other place as may be designated in writing by the holders of this
Promissory Note ("Note"), the principal sum of FORTY FIVE THOUSAND 00/100
CANADIAN DOLLARS ($45,000.00 CDN) (the "Principal Sum").  The unpaid
Principal Sum shall bear interest at 7.5% per annum and shall be due in twelve
(12) months.

    

    All payments to be made under this Note
shall be payable in lawful money of the Canada which shall be legal tender for
public and private debts at the time of payment.

    

    In the event that an action is
instituted to collect this Note, or any portion thereof, Maker promises to pay
all costs of collection, including but not limited to reasonable attorneys'
fees, court costs, and such other sums as the court may establish.

    

    In the event of a default under this
Note when due, then the holder of this Note, at its election, may declare the
entire unpaid Principal Sum due and payable.

    

    Every provision hereof is intended to
be several.  If any provision of this Note is determined, by a court
of competent jurisdiction to be illegal, invalid or unenforceable, such
illegality, invalidity or unenforceability shall not affect the other provisions
hereof, which shall remain binding and enforceable.

    

    This Note is made in the Province of
Quebec and it is mutually agreed that Quebec law shall apply to the
interpretation of the terms and conditions of this Note.

    

    All agreements between the holder of
this Note and Maker are hereby expressly limited so that in no contingency or
event what­soever, whether by reason of deferment or acceleration of the
maturity of this Note or otherwise, shall the rate of interest hereunder exceed
the maximum permissible under applicable law with respect to the
holder.  If, from any circumstances whatsoever, the rate of interest
resulting from the payment and/or accrual of any amount of interest hereunder,
at any time that payment of interest is due and/or at any time that interest is
accrued, shall exceed the limits prescribed by such applicable law, then the
payment and/or accrual of such interest shall be reduced to that resulting from
the maximum rate of interest permissible under such applicable
law.  This provision shall never be superseded or waived.

    

    The makers, endorsers, and/or
guarantors of this Note do hereby severally waive presentment, demand, protest
and notices of protest, demand, dishonor and nonpayment.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN WITNESS WHEREOF, this
instrument is executed as of the date first hereinabove set forth.

    

    
      
        	 	GLOBAL CLEAN ENERGY,
      INC.	 
	 	 	 	 
	 	
                By:
      

              	/s/ Kenneth Adessky	 
	 	 	Kenneth
      Adessky,	 
	 	 	C.F.Oexhibit_10-1.htm

    
      

    

    Exhibit
10.1

     

    

    

    EMPLOYMENT
AGREEMENT

    -----------------------------------------

    

    THIS
AGREEMENT entered into and effective October 01, 2008, in Broward County,
Florida, by and between Secured Financial Network, Inc., (SFNL) a Nevada
corporation with corporate offices at 1180 SW 36th Ave.,
Suite 204, Pompano Beach, FL 33069. (hereinafter referred to as "Employer") and
Jeffrey L. Schultz, an individual, residing at 333 Las Olas Way, #3503, Ft.
Lauderdale, Fl 33301, (hereinafter referred to as "Employee"); (hereinafter
sometimes collectively referred to as “Parties” or singularly as
“party”).

    

    WHEREAS,
SFNL is a financial services company specializing in short term high-margin
business capital markets, sometimes referred to as “Opportunity Financing.” The
company primarily engages in the types of transactions that include, but are not
limited to Container
Financing and Bridge
Financing. The Company’s investment criteria for such transactions is
characterized by rapid turnaround, and limited risks with
high-profit-participation objectives.

    

    WHEREAS,
incident to the performance of Employee's duties for Employer, Employee will
occupy a position of trust and confidence and will be given access to
proprietary and confidential and privileged information regarding the business,
operations, assets and trade secrets of Employer, including but not limited to,
access to vendor identity, pricing, sales techniques, customer identification,
contact with customers and potential customers and the like;

    

    WHEREAS,
Employee understands and acknowledges that Employer has expended and will
continue to expend substantial amounts of time and money to develop Employer’s
unique manner of offering these products and services, as well as advertising,
distribution and other relationships in furtherance of its unique marketing
approach, which techniques and information Employee agrees constitute trade
secrets, the sole property of Employer;

    

    WHEREAS,
Employee seeks the opportunity to be employed by Employer, and Employer is
willing to employ Employee, on the terms, covenants, and conditions set forth in
this agreement;

    

    WHEREAS,
Employee acknowledges that the business which employer is engaged is and/or may
be subject to extensive governmental or other rules or regulations;
and

    

    NOW
THEREFORE, in consideration of the mutual covenants and promises of the parties,
and for other good and valuable consideration, the sufficiency of which is
hereby acknowledged, Employer and Employee covenant and agree as
follows:

    

    

    

    

      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___    	
                      PAGE 1 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

    NATURE
OF EMPLOYMENT

    ---------------------------------------

     

    1.              Employer
does hire and employ Employee as the President and Chief Executive Officer of
Employer and Employee does accept and agree to such hiring and employment.
Subject to the supervision and pursuant to the orders, advice, and directions of
Employer, Employee shall act subject to the direction and control of the board
of directors, have general supervision, direction and control of the financial
affairs of the Employer, and shall perform such other duties as are customarily
performed by one holding such position in other similar businesses or
enterprises as that engaged in by Employer, and shall also additionally render
such other and unrelated services and duties as may be assigned to Employee from
time to time by Employer.

    

    2.              Employee
agrees to follow the terms, rules and regulations established for publicly
traded companies or other federal, state and governmental authorities
establishing the same or similar guidelines unless otherwise
notified.

    

     

    MANNER
OF PERFORMANCE OF EMPLOYEE'S DUTIES

    -----------------------------------------------------------------------------

     

    3.              Employee
agrees to perform, at all times faithfully, industriously, and to the best of
his ability, experience, and talent, all of the duties that may be required of
and from him pursuant to the express and implicit terms of this Agreement, to
the satisfaction of Employer.

    

     

    DURATION
OF EMPLOYMENT

    -------------------------------------------

     

    4.              The
term of this Agreement shall be for a period of one year, commencing on October
1, 2008, subject, however, to prior termination as provided below:

    

     

    PAYMENT
AND REIMBURSEMENT

    --------------------------------------------------

     

    5.              Employer
shall pay Employee and Employee agrees to accept from Employer, in full payment
for Employee's services under this Agreement, compensation as
follows:

    

    
      	
            	
              A. 

            	
              Base
      annual gross salary of $130,000 per year payable in twelve
      installments on the last day of every month during the
      term hereof, less applicable federal and state
  deductions.

            

    

    

    
      
        	
              	
                B. 

              	
                As
      additional consideration to enter into this agreement, the Employer agrees
      to issue a stock bonus upon the execution of this agreement in the amount
      of 500,000 Rule 144 restricted shares of the
  Company.

              

      

    

    

    
      	
            	
              C. 

            	
              A
      $300 per month car allowance shall be paid to the
  Employee.

            

    

    

    
 

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___  	
                      PAGE 2 OF 10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

     

    

    
      6.     
Employer
shall provide medical, dental and ophthalmic benefits to Employee and family
pursuant to the same plans or programs presently and/or offered to its employees
subject to the general eligibility and participation provisions set forth in
such plans or programs, as offered by the employer from time to
time.

    

    

    7.              Employee
shall be distributed stock and given the option to purchase stock as herein
provided.

     

    No Stock
Option provision is included in this agreement.

    

    8.            
Employee shall be entitled to four (4) weeks paid vacation during each
twelve-month period of the term hereof, to be taken at such times as Employer
and Employee shall mutually determine and provided that no vacation time shall
materially interfere with the duties which Employee is required to render
hereunder. Vacation time “may” be carried over from one twelve month period to a
succeeding twelve-month period.

    

    10.            Employee
shall be entitled to 12 months severance pay, medical insurance benefits and car
allowance if Employee's employment is terminated during the term hereof except
if Employee is terminated for cause.

    

    

    TERMINATION

    ---------------------

     

    12.          
Notwithstanding anything in this Agreement to the contrary, Employer has the
option to terminate this Agreement in the event that during its term Employee
shall become permanently disabled as the term permanently disabled is defined
below in which event Employer shall have no further liability hereunder except
as follows

    

    13.          
Such option shall be exercised by Employer giving notice to Employee by
registered mail, addressed to him in care of Employer 1180 SW 36th Ave.,
Suite 204, Pompano Beach, FL 33069, or at such other address as Employee shall
designate in writing, of its intention to terminate this Agreement on the last
day of the month during which such notice is mailed, and on the giving of such
notice this Agreement and the term of this Agreement come to an end on the last
day of the month in which the notice is mailed, with the same force and effect
as if that day were originally set forth as the termination date.

    

    14.          
For the purposes of this Agreement, the term "any year of the term of this
Agreement" is defined to mean any period of 12 calendar months commencing on the
1st day of October, 2008 and terminating on the 30th day of September, of the
following year during the term of this Agreement.

    

    

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___	
                      PAGE 3 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

     

    15.          
For the purposes of this Agreement, Employee shall be deemed to have become
permanently disabled if, during any year of the term of this Agreement, because
of ill health, physical or mental disability, or for other causes beyond his
control, he shall have been continuously unable or unwilling or have failed to
perform his duties under this contract for 30 consecutive days, or if, during
any year of the term of this Agreement, he shall have been unable or unwilling
or have failed to perform his duties for a total period of 15 days, either
consecutive or not.

    

    16.            Death:
In the event of Employee's death during the term hereof, this Agreement and all
of Employee's rights hereunder shall be deemed terminated except that Employer
shall pay to Employee's estate any unpaid base salary and car allowance through
the date of Employee's death along with two months severance pay, an amount
equal to compensation for unused vacation days that have accumulated during the
twelve month period in which the termination occurs, and the right to exercise
stock options on behalf of the deceased as pertains to Section 7
herein.

    

    17.            Notwithstanding
anything in this Agreement to the contrary, in the event that Employer shall
discontinue operating its business then this Agreement will terminate as of the
last day of the month in which Employer ceases operations at Sealant Solutions,
Inc. with the same force and effect as if that day were originally set forth as
the termination date of this Agreement and neither party shall have any further
liability hereunder

    

    18.          
Employer shall at all times have the right, upon written notice to Employee to
terminate Employee's employment hereunder, for cause. For purposes of this
Agreement, the term "cause" shall mean:

    

    
      	
            	
              A. 

            	
              an
      action or omission of the Employee which constitutes awillful
      and material breach of this Agreement, which is not cured
      within ten (10) days after receipt by the Employee of written
      notice of same or, if such breach is not capable of cure
      within such ten (10) day period, if the Employee has not commenced
      diligently to cure such breach in the shortest time possible;

            

    

    

    
      	
            	
              B. 

            	
              fraud,
      embezzlement, misappropriation of funds or breach oftrust
      in connection with his services
hereunder;

            

    

    

    
      	
            	
              C. 

            	
              conviction
      of any crime, which involves dishonesty or a breachof
      trust;

            

    

     

    
      	
            	
              D. 

            	
              negligence
      in connection with the performance of theEmployee's
      duties hereunder; or

            

    

    

    
      
        
          	
                	
                  E.

                	
                  the
      material and willful or knowing failure or refusal (other  than
      as a result of a disability) by Employee to perform his duties hereunder.
      Upon and termination pursuant to this Section, Employer
      shall have no further liability
hereunder.

                

        

      

    

     

     

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___	
                      PAGE 4 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

     

    19.            In
the event Employee resigns from his employment during the term hereof, Employee
may exercise his stock options proportionately to his term of employment, if
such options exist.  Otherwise, Employer shall have no further
liability hereunder.

    

     

    DEVOTION
BY EMPLOYEE OF FULL TIME TO BUSINESS

    -------------------------------------------------------------------------------

     

    20.            Employee
shall devote all his time, attention, knowledge, and skill solely and
exclusively to the business and interest of Employer, and Employer shall be
entitled to all of the benefits, emoluments, profits, or other issues arising
from or incident to any and all work, services, and advice of Employee, and
Employee expressly agrees that during the term of this Agreement he will not be
interested, directly or indirectly, in any form, fashion, or manner, as partner,
officer, director, stockholder, advisor, employee, or in any other form or
capacity, in any other business similar to Employer’s business or any allied
trade.

    

     

    RESTRICTIVE
COVENANTS

    ---------------------------------------

     

    21.           
At all times while Employee is employed by Employer, and for a two year period
after the termination of Employee's employment with Employer for any reason, the
Employee shall not, directly or indirectly, engage in or have any interest in
any sole proprietorship, partnership, corporation or business or any other
person or entity (whether as an employee, officer, director, partner, agent,
security holder, creditor, consultant or otherwise) that directly or indirectly
(or through any affiliated entity) engages in competition with Employer (or any
entity which controls, is under common control with or is controlled by
Employer).

    

    22.          
Employee shall not at any time divulge, communicate, use to the detriment of
Employer or for the benefit of any other person or persons, or misuse in any
way, any confidential information (as hereinafter defined) pertaining to the
business of Employer.

    

    23.          
Any confidential information or data now or hereafter acquired by Employee with
respect to the business of Employer (which shall include, but not be limited to,
information concerning Employer financial condition, prospects, technology,
customers, suppliers, sources of leads and methods of doing business) shall be
deemed a valuable, special and unique asset of Employee that is received by
employee in confidence and as a fiduciary, and Employee shall remain a fiduciary
to Employer with respect to all of such information.

    

    24.          
For purposes of this Agreement, "confidential information" means information
disclosed to Employee or known by Employee as a consequence of or through his
employment by Employer (including information conceived, originated, discovered
or developed by Employer) prior to or after the date hereof, and not generally
known, about Employer or its business. Notwithstanding the foregoing, nothing
herein shall be deemed to restrict Employee from disclosing confidential
information to the extent required by law.

     

     

    
      
        
           

        

        
           

             

            
              	

                      EMPLOYER:___   EMPLOYEE:___  

                    	
                      PAGE 5 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

     

    25.          
All copyrights, patents, trade secrets, or other intellectual property rights
associated with any ideas, concepts, techniques, inventions, processes, or works
of authorship developed or created by Employee during the course of performing
work for Employer or its clients (collectively, the "work product") shall belong
exclusively to Employer and shall, to the extent possible, be considered a work
made by Employee for hire for Employer with the meaning of Title 17 of the
United States Code. To the extent the work product may not be considered work
made by Employee for hire for Employer, Employee agrees to assign, and
automatically assign at the time of creation of the work product, without any
requirement of further consideration, any right, title, or interest that
Employee may have in such work product. Upon the request of Employer, Employee
shall take such further actions, including execution and delivery of instruments
of conveyance, as may be appropriate to give full and proper effect to such
assignment.

    

    26.          
All books, records, and accounts relating in any manner to the customers or
clients of Employer, whether prepared by Employee or otherwise coming into
Employee's possession, shall be the exclusive property of Employer and shall be
returned immediately to Employer on termination of Employee's employment
hereunder or on Employer’s request at any time.

    

    27.          
Solely for purposes of this Section, the term "Employer" also shall include any
existing or future subsidiaries of Employer that are operating during the time
periods described herein and any other entities that directly or indirectly,
through one or more intermediaries, control, are controlled by or are under
common control with Employer during the periods described herein.

    

    28.          
Employee acknowledges and confirms that (a) the restrictive covenants contained
in this Section are reasonably necessary to protect the legitimate business
interests of Employer, and (b) the restrictions contained in this Section
(including without limitation the length of the term of the provisions of this
Section) are not overbroad, overlong, or unfair and are not the result of
overreaching, duress or coercion of any kind. Employee acknowledges and confirms
that his special knowledge of the business of Employee is such as would cause
Employer serious injury or loss if he were to use such ability and knowledge to
the benefit of a competitor or were to compete with the Employer in violation of
the terms of this Employee further acknowledges that the restrictions contained
in this Section are intended to be, and shall be, for the benefit of and shall
be enforceable by, Employer=s successors and assigns.

    

    29.          
In the event that a court of competent jurisdiction shall determine that any
provision of this Section is invalid or more restrictive as permitted under the
governing law of such jurisdiction, then only as to enforcement of this Section
within the jurisdiction of such court, such provision shall be interpreted and
enforced as if it provided for the maximum restriction permitted under such
governing law.

    

    

    

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___	
                      PAGE 6 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

     

    30.          
If Employee shall be in violation of any provision of this Section, then each
time limitation set forth in this Section shall be extended for a period of time
equal to the period of time during which such violation or violations occur. If
Employer seeks injunctive relief from such violation in any court, then the
covenants set forth in this Section shall be extended for a period of time equal
to the pendency of such proceeding including all appeals by
Employee.

    

    31.          
It is recognized and hereby acknowledged by the parties hereto that a breach by
Employee of any of the covenants contained in Section of this Agreement will
cause irreparable harm and damage to Employer, the monetary amount of which may
be virtually impossible to ascertain. As a result, Employee recognizes and
hereby acknowledges that Employer shall be entitled to an injunction from any
court of competent jurisdiction enjoining and restraining any violation of any
or all of the covenants contained in Section of this Agreement by Employee or
any of his affiliates, associates, partners or agents, either directly or
indirectly, and that such right to injunction shall be cumulative and in
addition to whatever other remedies Employer may possess.

    

     

    ARBITRATION

    ---------------------

     

    32.            Any
dispute or controversy arising under or in connection with this Agreement shall
be settled exclusively by arbitration in Bristol County, MA in accordance with
the Rules of the American Arbitration Association then in effect (except to the
extent that the procedures outlined below differ from such rules). Within thirty
(30) days after written notice by either party has been given that a dispute
exists and that arbitration is required, each party must select an arbitrator
and those two arbitrators shall promptly, but in no event later than thirty (30)
days after their selection, select a third arbitrator. The parties agree to act
as expeditiously as possible to select arbitrators and conclude the dispute. The
selected arbitrators must render their decision in writing. The cost and
expenses of the arbitration and of enforcement of any award in any court shall
be borne by the losing party. If advances are required, each party will advance
one-half of the estimated fees and expenses of the arbitrators. Judgment may be
entered on the arbitrators= award in any court having jurisdiction. Although
arbitration is contemplated to resolve disputes hereunder, either party may
proceed to court to obtain an injunction to protect its rights hereunder, the
parties agreeing that either could suffer irreparable harm by reason of any
breach of this Agreement. Pursuit of an injunction shall not impair arbitration
of all remaining issues.

    

     

    ASSIGNMENT

    --------------------

     

    33.            Employee
shall not have the right to assign or delegate his rights or obligations
hereunder, or any portion thereof, to any other person.

    
 

    

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___	
                      PAGE 7 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

     

    GOVERNING
LAW

    --------------------------

     

    34.            This
Agreement shall be governed by and construed in accordance with the laws of the
State of Florida without regard to its conflict of laws principles to the extent
that such principles would require the application of laws other than the laws
of the State of Florida. Venue for any action brought hereunder shall be in
Broward County, Florida and the parties hereto waive any claim that such forum
is inconvenient.

    

     

    ENTIRE
AGREEMENT

    ------------------------------

     

    35.            This
Agreement constitutes the entire agreement between the parties hereto with
respect to the subject matter hereof and, upon its effectiveness, shall
supersede all prior agreements, understandings and arrangements, both oral and
written, between Employee and Employer (or any of its affiliates) with respect
to such subject matter. This Agreement may not be modified in any way unless by
a written instrument signed by both parties.

    

     

    NOTICES

    -------------

     

    36.            All
notices required or permitted to be given hereunder shall be in writing and
shall be personally delivered by courier, sent by registered or certified mail,
return receipt requested or sent by confirmed facsimile transmission addressed
as set forth herein. Notices personally delivered, sent by facsimile or sent by
overnight courier shall be deemed given on the date of delivery and notices
mailed in accordance with the foregoing shall be deemed given upon the earlier
of receipt by the addressee, as evidenced by the return receipt thereof, or
three (3) days after deposit in the U.S. mail. Notice shall be
sent  (i) if to Employer, addressed to 100 NE Third Avenue, Suite
1500, Ft. Lauderdale, FL 33301 and (ii) if to Employee, to his address as
reflected on the payroll records of the Employer, or to such other address as
either party hereto may from time to time give notice of to the
other.

    

     

    BENEFITS;
BINDING EFFECT

    ----------------------------------------

     

    37.            This
Agreement shall be for the benefit of and binding upon the parties hereto and
their respective heirs, personal representatives, legal representatives,
successors and, where applicable, assigns, including, without limitation, any
successor to Employer, whether by merger, consolidation, sale of stock, sale of
assets or otherwise.

    

     

    

    

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___        	
                      PAGE 8 OF 10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

    

    SEVERABILITY

    ---------------------

     

    38.            The
invalidity of any one or more of the words, phrases, sentences, clauses or
sections contained in this Agreement shall not affect the enforceability of the
remaining portions of this Agreement or any part thereof, all of which are
inserted conditionally on there being valid in law, and, in the event that any
one or more of the words, phrases, sentences, clauses or sections contained in
this Agreement shall be declared invalid, this Agreement shall be construed as
if such invalid work or words, phrase or phrases, sentence or sentences, clause
or clauses, or section or sections had not been inserted. If such invalidity is
caused by length of time or size of area, or both, the otherwise invalid
provision will be considered to be reduced to a period or area, which would cure
such invalidity.

    

     

    WAIVERS

    --------------

     

    39.            The
waiver by either party hereto of a breach or violation of any term or provision
of this Agreement shall not operate nor be construed as a waiver of any
subsequent breach or violation.

    

    DAMAGES

    ---------------

     

    40.            Nothing
contained herein shall be construed to prevent Employer or Employee from seeking
and recovering from the other damages sustained by either or both of them as a
result of its or his breach of any term or provision of this Agreement. In the
event that either party hereto files for arbitration or brings suit for the
collection of any damages resulting from, or to enjoin any action constituting,
a breach of any of the terms or provisions of this Agreement, then the party
found to be at fault shall pay all reasonable court or arbitration costs and
attorneys= fees of the other including legal fees and costs incurred prior to
the filing of any action or arbitration.

    

    

    NO
CONSTRUCTION AGAINST DRAFTER

    -----------------------------------------------------------

     

    41.            This
Employment Agreement shall be construed without regard to any presumption or
other rule requiring construction against the party causing the drafting
hereof.

    

    

    NO
THIRD PARTY BENEFICIARY

    ----------------------------------------------

     

    42.            Nothing
expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any person other than Employer, the parties hereto and their
respective heirs, personal representatives, legal representatives, successors
and assigns, any rights or remedies under or by reason of this
Agreement.

    

    

    

    
 

    
      
        
           

        

        
           

             

            
              	EMPLOYER:___   EMPLOYEE:___	
                      PAGE 9 OF
      10

                    	 

            

             

          

          
            

          

        

        
           

        

      

    

    

    

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

    

    

    

    Secured
Financial Network, Inc.

     

     

    
 

    
      
        
          
            
              	
                      By:
      

                    	/s/  
      Michael Fasci	 
	 	Secured
      Financial Network, Inc. - Employer	 
	 	Michael
      Fasci Director/CFO	 
	 	 	 

            

          

        

      

     

    
      
        
          
            	
                    By:
      

                  	/s/ 
      Jeffrey Schultz 	 
	 	Jeffrey
      Schultz – Employee 10/01/2008	 
	 	 	 

          

        

      

    

    
 

    

    

    

     

    

    
      
      

    

    
      	EMPLOYER:___   EMPLOYEE:___	
              PAGE 10 OF
      10

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