Document:

Exhibit 10.6

                                  AGREEMENT

THIS AGREEMENT ("Agreement"), effective as of January 8, 2010 (the "Effective
Date"), is made and entered into by and between:

(a) HOLLYWOODLAUNDROMAT.COM, INC., a California corporation ("Distributor");
and

(b) MARCUS A. LUNA, an individual; EQUITY CAPITAL GROUP, INC., a Nevada
corporation; and GRUPO MANDARIN, S.A., a Panamanian corporation (Marcus A.
Luna, Equity Capital Group, Inc. and Grupo Mandarin, S.A. are the collective
holders of all intellectual property rights and assets known as "MMAX
Fights," "Campeon MMAXIMO," "MMAX Xtreme" and "Mixed Martial Arts Xtreme,"
and are referred to hereinafter collectively as "Producer").

Distributor and Producer may be referred to hereinafter collectively as the
"Parties" and individually as a "Party."  For good and valuable
consideration, the receipt and adequacy of which are hereby acknowledged, the
Parties hereby agree as follows:

1.   Certain Definitions.

1.1  "Episode" means any one of the 39 episodes of the television production
identified in Schedule A as well as any episode of a yet-to-be-completed
television reality series based thereon.

1.2  "Exploit" or "Exploitation" means to exploit one or more Episodes by
means of Television Broadcast (as defined below).

1.3  "Force Majeure" means any cause or event the occurrence of which is
beyond the reasonable control of a Party, including, without limitation:
fire, flood, earthquake, or other natural disaster; strike, labor dispute or
unrest; failure or malfunction of any equipment, facility, system or network
provided or maintained by a third party; failure to perform or delay by any
third-party laboratory, vendor, supplier, exhibitor, licensee, sub-
distributor or agent; delay or lack of public transportation; embargo, riot,
war, insurrection or civil unrest; any Act of God including severe inclement
weather; any act of legally constituted authority; and inability to obtain
sufficient material, labor, transportation, power or other essential goods or
services required for the conduct of a Party's business.

1.4  "Episode Sublicense" means any contract, agreement or arrangement
between Distributor and a third party whereby Distributor sublicenses such
third party to Exploit any or all Episodes in the Territory.

1.5  "Television Broadcast" means exhibition, broadcast, rebroadcast,
transmission and retransmission of an Episode copy via all forms of
television and other similar electronic media or devices now known or
hereafter developed (excluding the Internet), including, without limitation:
closed-captioned and secondary audio programming (SAP), free (or over-the-
air), pay, cable, basic cable, master antenna system, community antenna
system, low and full power, multi-point distribution system, wireless, fiber
optics, microwave, Telstar type, direct broadcast system (DBS), digital,
satellite, relay, interactive, direct-to-home (DTH), and high-definition
(HDTV) television.  As used herein, Television Broadcast does not include the
following: (a) pay-per-view, video-on-demand, or closed circuit; or (b) any
form of Internet streaming or downloading.

1.6  "Term" shall have the meaning set forth in Section 10 of this Agreement.

1.7  "Territory" means the United States of America, including its
territories and possessions.

2.   Grant of Rights.  Subject to the terms hereof, Producer hereby
irrevocably grants to Distributor the following rights during the Term
(collectively, the "Granted Rights"):

     (a)  the exclusive right to Exploit, and to sublicense others (pursuant
to Episode Sublicenses) to Exploit, the Episodes in the Spanish language
throughout the Territory, including the right to prepare Spanish-language
translated, dubbed and subtitled versions of the Episodes and their titles;

     (b)  the right to edit and reformat the Episodes as necessary to make it
suitable for Exploitation in the Territory;

     (c)  the right to make copies of the Episodes and materials derived from
the Episodes (collectively "Episode Materials"), as required to Exploit the
Episodes in the Territory; and

     (d)  the right to advertise and promote the Episodes throughout the
Territory in any and all media now known or hereafter developed, including
the right to (i) create, release, exhibit, transmit and distribute
commercials, ads, trailers, clips, still photos, artwork, excerpts, synopses,
posters, flyers, and other advertising and promotional materials and items
(collectively "Advertising Materials"), (ii) use the title of the Episodes,
and (iii) use the names, likenesses (whether photographic or otherwise),
voices and biographies of all fighters, emcees, referees, trainers,
performers, models, artists, talents, and any and all other parties who have
rendered service or material on the Episodes, in each case as Distributor
deems necessary or appropriate to carry out the advertising and promotion of
the Episodes (but not as an endorsement for any product or service other than
the Episodes).

2.1  Right of First Refusal.  Producer further agrees that Distributor shall
have the right of first refusal to obtain an exclusive Spanish-language
Exploitation license from Producer on substantially the same terms as those
contained in this Agreement, with respect to all other mixed martial arts
(MMA) content and programs that may be developed by or for Producer during
the Term.

3.   Participation at Trade Shows.  [Intentionally omitted]

4.   Delivery.  Producer shall, at its sole expense, deliver to Distributor
at the address designated by Distributor all of the items set forth in
Schedule B to this Agreement (collectively "Delivery Items"), on or prior to
the delivery date set forth in Schedule B ("Delivery Date").  Producer shall
ensure that all Delivery Items conform with the standards generally required
by distributors and their licensees for the Territory, as well as with any
specific requirements set forth in Schedule B.

5.   Reimbursement of Costs for Distributor Created Materials.
[Intentionally omitted]

6.   Ownership.  Producer remains the sole author and/or copyright owner of
the Episodes and reserves all rights in and to the Episodes not expressly
granted to Distributor hereunder.  Legal ownership of and title to all
Delivery Items shall remain with Producer, subject to Distributor's right to
use Delivery Items for Exploitation of the Episodes in accordance with this
Agreement.

7.   Payment and Financial Terms.  As set forth in Schedule C to this
Agreement.

8.   No Warranty by Distributor.  Producer expressly acknowledges and agrees
that Distributor's sole obligation hereunder is to use commercially
reasonable efforts to Exploit the Episodes in the Territory, and that
Distributor makes no representation or warranty whatsoever, express or
implied, that: (a) any attempt by Distributor to Exploit the Episodes will be
successful; (b) any Episode Sublicense will be offered or concluded, or the
terms of any Episode Sublicense will be favorable to Producer; and/or (c) any
fees, royalties, revenues or proceeds (including, without limitation,
broadcast revenues and syndication revenues) will be generated from any
Exploitation of the Episodes.

9.   Producer Representations and Warranties; Producer Indemnity.

9.1  Producer hereby represents, warrants and covenants that:

     (a)  Producer is the sole legal and beneficial owner of all of the
Granted Rights throughout the Territory and has full right, power and
authority to enter into this Agreement and to grant to Distributor all of the
Granted Rights; and Marcus A. Luna has been duly authorized by Equity Capital
Group, Inc. and Grupo Mandarin, S.A. to enter into and execute this Agreement
in their respective names and on their respective behalf;

     (b)  Producer has obtained all rights, including all third-party grants,
licenses, assignments, consents, permissions, releases and waivers, required
for Distributor to Exploit the Episodes in accordance with this Agreement,
including, without limitation: literary rights (i.e., rights to any story,
screenplay, script, book, or other literary material upon which the Episodes
may be based); music rights (i.e., rights to synchronization, mechanical
reproduction, public performance, etc. with respect to any musical
compositions and recordings thereof used in the Episodes); individuals'
rights (i.e., rights to record, exhibit and use in the Episodes the names,
likenesses, voices, biographies, fighting and/or other performances or
appearances of all fighters, emcees, referees, trainers, performers, models,
artists, talents, and any and all other individuals who have rendered service
or material on the Episodes); artwork rights (i.e., rights to use and display
third-party artwork in the Episodes); trademark rights (i.e., rights to use
and display third-party trademarks and logos in the Episodes); product
placement rights (i.e., rights to use and display third-party goods and
services in the Episodes); and location rights (i.e., rights to film and
photograph buildings and locations for the Episodes), and all such rights
will remain in full force and effect throughout the Term;

     (c)  as of the Effective Date of this Agreement and throughout the Term,
Producer is not, and will not be, a party to or otherwise bound by any
contract, agreement or arrangement with any third party, the terms of which
would prohibit or restrict Producer from entering into this Agreement or
would directly overlap or conflict with the Granted Rights;

     (d)  any Exploitation of the Episodes in accordance with this Agreement
will not subject Distributor and/or its licensees to any third-party claim
for infringement of copyright, violation of moral right, infringement or
misappropriation of trademark or trade dress, false advertising, defamation,
libel, slander, false light, invasion of privacy, violation or
misappropriation of right of publicity, or for infringement, violation or
misappropriation of any other property, personal or proprietary right
recognized in the Territory;

     (e)  the Episodes are not subject to any lien, charge, security
interest, or other encumbrance that would hinder Distributor's right to
Exploit the Episodes in accordance with this Agreement or would require
Distributor to pay any money or consideration to any third party;

     (f)  Producer has paid and will pay all compensations, fees, advances,
guaranties, royalties, residuals, shares of revenues or profits, bonuses,
salaries, commissions, monies and considerations owed to third parties in
connection with the Episodes, including, without limitation, those owed to
fighters, emcees, referees, trainers, performers, models, talents, artists,
authors, composers, writers, publishers, performing right societies, royalty
collection agencies, guilds, unions, sponsors, advertisers, investors, and
any other persons and entities involved or connected with the Episodes;

     (g)  except as otherwise stated in Schedule A, the Episodes are
completely finished, edited and titled and fully synchronized with language,
dialogue, sound and music, recorded with sound equipment pursuant to valid
licenses, and in all material respects ready for release in the Territory
(other than any editing and reformatting that may reasonably be required to
make the Episodes suitable for Exploitation in the Territory, including,
without limitation, as necessary to comply with the applicable television
rating and censorship requirements in the Territory);

     (h)  the Episodes contain all required screen credits for persons and
entities involved or connected with the Episodes; and

     (i)  Producer has secured (or will secure), and will maintain in full
force and effect throughout the Term, all governmental and/or industry
regulatory approvals, licenses and permits as may be required for organizing,
promoting and publicly exhibiting in the Territory mixed martial arts (MMA)
fights and combat events as depicted in the Episodes (including, without
limitation, all those that may be required by local athletic commissions and
other governing bodies that sanction MMA fights and combat events), and all
MMA fights and combat events depicted in the Episodes are in full compliance
with all governmental and/or industry rules and regulations that are
applicable to such fights and combat events.

9.2  Producer (a) shall defend Distributor, its affiliates, licensees and
subdistributors, and their respective shareholders, directors, officers,
employees, agents and representatives (collectively, the "Distributor Related
Parties"), against any and all claims, demands, actions, suits and
proceedings brought by third parties based upon or by reason of (i)
Distributor's and/or its licensees' Exploitation of the Episodes in
accordance with this Agreement or (ii) Producer's breach of any of its
representations, warranties and covenants contained in this Agreement
(collectively "Third Party Claims"), and (b) shall indemnify and hold
harmless Distributor and Distributor Related Parties from any and all
judgments, liabilities, damages, penalties, costs and expenses (including,
without limitation, attorneys' fees and legal costs) that may be awarded
against Distributor or any of Distributor Related Parties as a result of any
such Third Party Claims.

10.  Term and Termination.

10.1 The term of this Agreement shall commence on the Effective Date and,
unless sooner terminated by a mutual agreement of the Parties or sooner
terminated pursuant to Section 10.2 below, shall continue for a period of
eighteen (18) months; PROVIDED that if, at the end of such 18-month period,
Distributor has secured or is in the process of securing a Television
Broadcast deal for the Episodes from at least two (2) top-40 Spanish-language
television stations in the Territory, then the term of this Agreement shall
automatically be extended for an additional period of five (5) years, after
which Distributor shall have the right and option to further extend the term
for two successive five (5) year periods (the "Term").

10.2 A Party may terminate this Agreement with immediate effect upon written
notice to the other Party,  if the other Party is in material breach of this
Agreement and fails to cure such breach within thirty (30) days after its
receipt of initial notice regarding such breach.

11.  Post-Termination Provisions.

11.1 Except as expressly provided in Sections 11.2 and 11.3 below, upon
expiration or termination of this Agreement, all of the Granted Rights shall
automatically terminate and revert back to Producer, and Distributor shall
cease all further Exploitation of the Episodes and shall, at Producer's
election, either (a) return all Delivery Items and Distributor Created
Materials then in its possession to Producer at Producer's expense, or (b) at
Producer's request destroy such items and materials and confirm such
destruction in writing to Producer.

11.2 The Parties expressly agree that no expiration or termination of this
Agreement shall affect any Episode Sublicenses that (a) are entered into by
Distributor during the Term, if they are still in effect at the time of
expiration or termination of this Agreement; or (b) are already substantially
negotiated by Distributor during the Term, even though they are not executed
until after the expiration or termination of this Agreement (collectively,
"Outstanding Episode Sublicenses"); that all Outstanding Episode Sublicenses
shall remain in full force and effect in accordance with their respective
terms; that all sublicensees under Outstanding Episode Sublicenses may
continue to Exploit the Episodes in accordance with the terms of their
respective agreements; and that all applicable provisions of this Agreement,
including, without limitation, all of the provisions of Schedule C, shall
continue to apply with respect to all Outstanding Episode Sublicenses.

11.3 Upon expiration or termination of this Agreement, Distributor may retain
and continue to use Delivery Items and Distributor Created Materials then in
its possession, but only as necessary to fulfill its obligations under any
Outstanding Episode Sublicenses.  Upon fulfillment of its obligations under
all Outstanding Episode Sublicenses, Distributor shall comply with Section
11.1 above with respect to any remaining Delivery Items and Distributor
Created Materials.

12.  Miscellaneous.

12.1 To the extent a Party discloses its confidential information to the
other Party in connection with this Agreement, the receiving Party shall (a)
use such information solely for purposes for which it was disclosed, (b) keep
the information confidential and safeguard it with at least the same degree
of care that the receiving Party uses to protect its own most confidential
information (but in no event less than reasonable care), and (c) not disclose
the information to any third party without the prior written consent of the
disclosing Party.

12.2 This Agreement shall be governed by and construed in accordance with the
laws of the State of California, U.S.A., without regard to its conflicts of
law provisions.  The Parties hereby consent to the personal and subject
matter jurisdiction of the courts in the State of California and to the venue
of the Federal and State courts located in the County of Los Angeles,
California.

12.3 This Agreement (including all Schedules attached hereto) constitutes the
entire agreement and understanding of the Parties with respect to the subject
matter hereof and supersedes all prior agreements, understandings,
negotiations, communications, promises and discussions of the Parties,
whether oral or written, with respect to such subject matter.  No amendment
to this Agreement will be effective unless it is in writing and executed by
both Parties.

12.4 The provisions of this Agreement will be binding upon and inure to the
benefit of the Parties, and their heirs, successors and permitted assigns.

12.5 If any provision of this Agreement is held by any court of competent
jurisdiction to be invalid, illegal, or unenforceable, such provision will be
deemed modified in such manner as to render such provision valid, legal, and
enforceable to the fullest extent permitted by law in such jurisdiction.  The
remaining provisions of this Agreement will not be affected thereby, and will
continue in full force and effect.

12.6 No failure or delay by a Party to exercise any remedy in the event of a
breach of this Agreement by the other Party will in any way operate as a
waiver of such remedy, nor will any single or partial enforcement of any
remedy for breach preclude the further enforcement of such remedy or the
enforcement of any other remedy.  No waiver of any right hereunder or of any
breach hereof will be effective unless set forth in writing and executed by
the Party against whom such waiver is sought to be enforced.  The waiver by a
Party of any right or remedy hereunder or of any breach hereof by the other
Party will not be deemed a waiver by such Party of any other right or other
remedy hereunder or of any other breach by the other Party, whether of a
similar or dissimilar nature thereto.

12.7 This Agreement may be translated into another language for the
convenience of either Party, provided that the English-language version shall
control at all times.

12.8 The Parties agree that Producer may, upon written notice to Distributor,
assign this Agreement in its entirety (with all terms and conditions hereof
unchanged), together with all right, title and interest (including all
copyrights and other intellectual property rights) in and to the Episodes, to
NEVADA PROCESSING SOLUTIONS, INC., a Nevada corporation ("NEPR") as part of a
"going public" transaction, and that upon such assignment (which is at the
option of Producer), NEPR shall be deemed "Producer" hereunder for all
purposes and all of the provisions of this Agreement shall be binding upon
and inure to the benefit of NEPR and Distributor, PROVIDED that the
provisions of Section 2.1 and Section 9 of this Agreement shall continue to
be binding upon Marcus A. Luna, Equity Capital Group, Inc. and Grupo
Mandarin, S.A. collectively as the original "Producer" hereunder.

[signature block on next page]

<PAGE>

"Distributor":                            "Producer":

HOLLYWOODLAUNDROMAT.COM, INC.             MARCUS A. LUNA

____________________________________      ________________________________
Name:
Title:

                                          EQUITY CAPITAL GROUP, INC.

                                          ________________________________
                                          Marcus A. Luna, Esq., signing as
                                          authorized representative and
                                          attorney-in-fact for Equity Capital
                                          Group, Inc.

                                          GRUPO MANDARIN, S.A.

                                          ________________________________
                                          Marcus A. Luna, Esq., signing as
                                          authorized representative and
                                          attorney-in-fact for Grupo
                                          Mandarin, S.A.

<PAGE>

Schedule A - Episodes

<PAGE>

Schedule B - Delivery Schedule

1.  Delivery Date:

2.  Delivery Items:

<PAGE>

Schedule C - Payment and Financial Terms

1.   Compensation.

[Section 1.1 through Section 1.3 have been REDACTED]

1.4  Currency.  All amounts due to a Party hereunder shall be paid in U.S.
     ---------
Dollars in immediately available funds through wire transfer to the bank
account designated in writing by such Party.

1.5  Taxes.  Notwithstanding anything to the contrary contained herein, each
     ------
Party shall be solely responsible for all taxes assessed based upon its
income derived from this Agreement.

2.   Distributor Records; Audit by Producer.

2.1  During the Term and, thereafter, until the second anniversary of the
Distributor Accounting End Date, Distributor shall maintain complete and
independent books and records of all Distributor Domestic Spanish-Language
Exploitation Revenues (collectively "Distributor Records").

2.2  Producer and its designee may inspect and audit, at Producer's own
expense, Distributor Records at the location where they are kept, solely for
the purpose of verifying whether Distributor's accounting and calculation of
Distributor Domestic Spanish-Language Exploitation Revenues hereunder is
accurate, PROVIDED that: (a) an audit pertaining to a given Distributor
Reporting Period must be conducted no later than 120 days after Producer's
receipt of Distributor's statement for that Distributor Reporting Period, and
the final audit must be conducted no later than 90 days after Producer's
receipt of Distributor's closing statement; (b) Distributor's accounting and
calculation of Distributor Domestic Spanish-Language Exploitation Revenues
for a given Distributor Reporting Period may not be audited more than once
for any reason; (c) Producer shall give advance written notice to Distributor
at least 7 days prior to each audit; (d) each audit shall take place at
reasonable times during Distributor's normal business hours; (e) each audit
shall be conducted in a non-disruptive manner to minimize interruption of
Distributor's normal business operations; and (f) Producer and its designee
have agreed to maintain confidentiality of all Distributor Records and all
information and data contained therein by executing a non-disclosure and
confidentiality agreement in a form satisfactory to Distributor.

3.   Producer Records; Audit by Distributor.

3.1  During the Term and, thereafter, until the second anniversary of the
Producer Accounting End Date, Producer shall maintain complete and
independent books and records of all Producer Exploitation Revenues
(collectively "Producer Records").

3.2  Distributor and its designee may inspect and audit, at Distributor's own
expense, Producer Records at the location where they are kept, solely for the
purpose of verifying whether Producer's accounting and calculation of
Producer Exploitation Revenues hereunder is accurate, PROVIDED that: (a) an
audit pertaining to a given Producer Reporting Period must be conducted no
later than 120 days after Distributor's receipt of Producer's statement for
that Producer Reporting Period, and the final audit must be conducted no
later than 90 days after Distributor's receipt of Producer's closing
statement; (b) Producer's accounting and calculation of Producer Exploitation
Revenues for a given Producer Reporting Period may not be audited more than
once for any reason; (c) Distributor shall give advance written notice to
Producer at least 7 days prior to each audit; (d) each audit shall take place
at reasonable times during Producer's normal business hours; (e) each audit
shall be conducted in a non-disruptive manner to minimize interruption of
Producer's normal business operations; and (f) Distributor and its designee
have agreed to maintain confidentiality of all Producer Records and all
information and data contained therein by executing a non-disclosure and
confidentiality agreement in a form satisfactory to Producer.

<PAGE>exhibit_103.htm

EMPLOYMENT AGREEMENT

This Employment Agreement (the “Agreement”), effective the 9 day of December, 2009 (the “Effective Date”), by and between Tyson Foods, Inc., a Delaware corporation (“Company”), and any of its subsidiaries and affiliates (hereinafter collectively referred to as “Employer”),
and Donnie King, Persn XXXXX (hereinafter referred to as “Employee”). 

WITNESSETH:

WHEREAS, Employer is engaged in a very competitive business, where the development and retention of extensive trade secrets and proprietary information is critical to future business success; and

WHEREAS, Employee, by virtue of Employee’s employment with Employer, is involved in the development of, and has access to, this critical business information, and, if such information were to get into the hands of competitors of Employer, Employee could do substantial business harm to Employer; and

WHEREAS, Employer has advised Employee that agreement to the terms of this Agreement, and specifically the non-compete and non-solicitation sections, is an integral part of this Agreement, and Employee acknowledges the importance of the non-compete and non-solicitation sections, and having reviewed the Agreement as a whole, is willing
to commit to the restrictions as set forth herein;

NOW, THEREFORE, Employer and Employee, in consideration of the above and the terms and conditions contained herein, hereby mutually agree as follows:

1.           Duties.  Employee shall perform the duties of Sr Grp VP Poultry & Prepared Foods or shall serve in such other capacity and with
such other duties for Employer as Employer shall from time to time prescribe.  Employee shall perform all such duties with diligence and thoroughness.  Employee shall be subject to and comply with all rules, policies, procedures, supervision and direction of Employer in all matters related to the performance of Employee’s duties.

2.           Term of Employment.  The term of employment hereunder shall be for a period of three (3) years, commencing on the Effective Date and terminating on the third anniversary of the Effective Date, unless
terminated prior thereto in accordance with the provisions of this Agreement (the period from the Effective Date to the earlier of the third anniversary of the Effective Date or any earlier termination of employment is referred to herein as the “Period of Employment”).  Notwithstanding the expiration of the Period of Employment, regardless of the reason, and in addition to other obligations that survive the Period of Employment, the obligations of Employee under Sections 8 (b), (c), (d),
(e), (f), (g), (h), and (i) shall continue in effect after the Period of Employment for the time periods specified in these sections.

3.           Compensation.  For the services to be performed hereunder, Employee shall be compensated by Employer during the Period of Employment at the rate of not less than Five
hundred thirty thousand dollars and 00/100 ($530,000.00) per year payable in accordance with Employer’s payroll practices, and in addition may receive awards under Employer’s annual bonus plan then in effect, subject to the discretion of the senior management of Employer.  Such compensation will be subject to review from time to time when salaries of other officers and managers of Employer are reviewed for consideration
of increases thereof.

4.           Participation in Benefit Programs.  Employee shall be entitled to participate in any benefit programs generally applicable to employees of Employer adopted by Employer from time to time.  All
expenses for which Employee may be eligible for reimbursement and all in-kind benefits Employee may receive pursuant to this Section 4 must be incurred by or provided to, as applicable, the Employee during the Period of Employment for the Employee to be eligible for the reimbursement or the in-kind benefit.  All taxable reimbursements shall be paid as soon as administratively practicable, but in no event shall any reimbursement be paid after the last day of the taxable year following the taxable year
in which the expense was incurred, nor shall the amount of taxable, reimbursable expenses incurred or in-kind benefits provided in one taxable year affect the expenses eligible for reimbursement or the in-kind benefits provided, as applicable, in any other taxable year.  The right to a taxable reimbursement or an in-kind benefit under this Agreement will not be subject to liquidation or exchange for another benefit.

5.           Limitation on Outside Activities.  Employee shall devote Employee’s full employment energies, interest, abilities and time to the performance of Employee’s obligations hereunder and
shall not, without the written consent of the Chief Executive Officer or the General Counsel of the Employer, render to others any service of any kind or engage in any activity which conflicts or interferes with the performance of Employee’s duties hereunder.

6.           Ownership of Employee’s Inventions.  All ideas, inventions, and other developments or improvements conceived by Employee, alone or with others, during Employee’s Period of Employment,
whether or not during working hours, (i) that are within the scope of the business operations of Employer, (ii) that were developed at the direction of the Employer, or (iii) that relate to any of the work or projects of the Employer, are the exclusive property of Employer.  Employee agrees to assist Employer, at Employer’s expense, to obtain patents on any such patentable ideas, inventions, and other developments, and agrees to execute all documents necessary to obtain such patents in the name
of the Employer.

7.           Termination.

(a)           Voluntary Termination. Employee may terminate Employee’s employment, including Employee’s retirement, pursuant to this Agreement at
any time by not less than ninety (90) days prior written notice to Employer.  Upon receipt of such notice, Employer shall have the right, at its sole discretion, to accelerate Employee’s date of termination at any time during said notice period.  Employee shall not be entitled to any compensation from Employer for any period beyond Employee’s actual date of termination, and Employee’s Stock Options and Restricted Stock (each as hereinafter defined) shall be treated as provided
in the award agreements pursuant to which such rights were granted. Employee shall not be entitled to a bonus for the fiscal year of the Employer in which such termination occurs.

 

 

 

 

 

 

(b)           Involuntary Termination Without Cause.  Employer shall be entitled, at its election and without Cause (as defined in Section 7(c)), to terminate Employee’s employment pursuant to this Agreement
upon written notice to Employee.  Subject to the limitations of Section 7(e), upon a termination by Employer without Cause pursuant to this Section 7(b), Employer shall continue to pay Employee at Employee’s current base salary, paid in the manner provided in Section 3 above, for a period commencing with the separation from service (within the meaning of Section 409A of the Internal Revenue Code and the regulations thereunder, and which occurs on or after the effective date of the termination),
and continuing for a period of eighteen (18) months after the date of the separation from service.  Employer shall treat Employee’s Stock Options and Restricted Stock as provided in the award agreements pursuant to which such equity rights were granted.  Employee shall not be entitled to any bonus for the fiscal year of the Employer in which such termination by Employer occurs.

The Employee’s eligibility to receive benefits under this Section 7(b) shall be conditioned upon (i) the Employee’s execution of a General Release and Separation Agreement, and (ii) the General Release and Separation Agreement becoming effective after the lapse of any permitted or required revocation period without the associated  revocation
rights being exercised by Employee.  The obligation to continue base salary shall accrue from the date of the termination by Employer and, if the release is signed and not revoked, payments shall commence by the later of (1) the end of the revocation period provided pursuant to the terms of the release agreement (but no later than the sixtieth (60th) day following the Employee’s termination by Employer) or (2) the effective
date of the separation from service, with any accrued but unpaid base salary continuation being paid on the date of the first payment.

(c)           Involuntary Termination With Cause.   Employer may, at its sole and absolute discretion, terminate this Agreement and Employee’s Period of Employment hereunder for Cause (defined below)
without any payment, liability or other obligation.  As used herein, the term "Cause" shall mean (i) willful malfeasance or willful misconduct committed by Employee in connection with Employee’s performance of Employee’s duties hereunder which results in damage or injury to the Employer; (ii) gross negligence committed by Employee in connection with the performance of Employee’s duties hereunder which results in damage or injury to the Employer; (iii) any willful and material breach
by Employee of Section 8 of this Agreement, as determined in the Employer’s sole discretion; or (iv) the conviction of Employee of a felony or job-related misdemeanor.

(d)           Death or Incapacity.  If Employee is unable to perform Employee’s duties pursuant to this Agreement by reason of Disability (defined below), Employer may terminate Employee’s employment
pursuant to this Agreement by thirty (30) days written notice to Employee.  If Employee is unable to perform Employee’s duties pursuant to this Agreement by reason of death, this Agreement shall immediately terminate.  Employee’s Stock Options and Restricted Stock in the event of a termination under this section shall be treated as provided in the award agreements pursuant to which such equity rights were granted.  In the event of Employee’s death or Disability,
Employee, or Employee’s estate, as applicable, shall receive a prorated bonus for the portion of time worked during the fiscal year of the Employer in which termination under this Section 7(d) occurs, based upon the bonus received by Employee during the immediately prior fiscal year.  The prorated bonus amount shall be paid in a lump sum within thirty (30) days following the date of the Employee’s death or determination of Disability status, as applicable.  For purposes of this
Section 7(d), “Disability” means the Employee (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is receiving income or replacement benefits for a period of not less than three (3) months under an accidental or health plan covering employees of the Employer due
to any medically determinable mental or physical impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months.  Any determination of the Employee’s disability status under Section 7(d)(i) shall be supported by the written opinion of a physician competent in the branch of medicine to which such disability relates.

(e)           Temporary Suspension or Limitation of Payments.

(i)   Notwithstanding the foregoing, if the Employee is a “specified employee” within the meaning of Section 409A of the Internal Revenue Code (and the regulations thereunder) at the date of Employee’s separation
from service, to the extent that all or a portion of any payments due under Section 7 of this Agreement (including, without limitation the payment of any salary continuation) exceeds the amount, if any, that can be paid as separation pay that does not constitute a deferral of compensation under Section 409A of the Internal Revenue Code (and the regulations thereunder), or that otherwise can be paid without resulting in a failure under Section 409A(a)(1) of the Internal Revenue Code, payment shall be delayed until
the later of six (6) months after the separation from service or the date the payment would otherwise be made under Section 7.  Any payments that are so delayed shall be paid in one lump sum during the seventh month following the date of the Employee’s separation from service.

(ii)   Notwithstanding the foregoing, if the total payments to be paid to the Employee pursuant to Section 7, along with any other payments to the Employee by the Employer, would result in the Employee being subject to the excise
tax imposed by Section 4999 of the Internal Revenue Code, the Employer shall reduce the aggregate payments to the largest amount which can be paid to the Employee without triggering the excise tax, but only if and to the extent that such reduction would result in the Employee retaining larger aggregate after-tax payments.  The determination of the excise tax and the aggregate after-tax payments to be received by the Employee will be made by the Employer.  If payments are to be reduced, the
payments made latest in time will be reduced first and if payments are to be made at the same time, non-cash payments will be reduced before cash payments.

8.           Additional Compensation, Confidential Information, Trade Secrets, Limitations on Solicitation and Non-Compete Clause.

(a)           Employee shall receive, in addition to all regular compensation for services as described in Section 3 of this Agreement, as additional consideration for signing this Agreement and for agreeing to abide and be bound by the terms, provisions and restrictions of this Section
8, the following:

 

 

 

2

 

 

(i)           An award of 24,096.3855 shares of Tyson Foods, Inc. Class A Common Stock (“Common Stock”) subject to the terms and conditions of a restricted stock agreement currently in use by the Employer
for awards to employees generally (referred to herein as “Restricted Stock”).

(ii)           During Employee’s Period of Employment, on grant dates to be specified by Employer which Employer expects to be consistent with Employer’s past practices for grants of options to employees generally, a grant of 117,680 options
on each such grant date to purchase shares of Common Stock (referred to herein as “Stock Options”), subject to the terms and conditions of the Tyson Foods, Inc. 2000 Stock Incentive Plan or any subsequent equity plan adopted by the Employer (“Stock Plan”), and the option grant agreement then in use on the date of grant by the Employer for employees generally.

(b)           Employee recognizes that, as a result of Employee’s employment with the Employer, Employee has had and will continue to have access to confidential information in multiple forms, electronic or otherwise, and such confidential
information may include, but is not limited to, trade secrets; proprietary information; intellectual property; other documents, data, and information concerning methods, processes, controls, techniques, formulas, production, distribution, purchasing, financial analysis, returns and reports; information regarding other employees as further discussed in Section 8(f); customer lists; supplier lists; vendor lists; and other sensitive information and data regarding the customers, suppliers, vendors, services, sales,
pricing, and costs of Employer which is the property of and integral to the operations and success of Employer.  Employee agrees to be bound by the provisions of this Section 8, which Employee agrees and acknowledges to be reasonable and necessary to protect legitimate and important business interests and concerns of Employer regarding such confidential information.  Employee acknowledges that the information referred to above has independent economic value from not being generally known to,
and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use.  Employee further acknowledges that Employer has taken all reasonable steps under the circumstances to maintain the secrecy and/or confidentiality of such information. 

(c)           Employee agrees that Employee will not divulge to any person, nor use to the detriment of Employer, nor use in any business or process of manufacture in Direct Competition (defined is Section 8(e)) with Employer, at any time during Period of Employment or thereafter,
any of the trade secrets and/or other confidential information of the Employer, whether in electronic form or otherwise, without first obtaining the express written permission of Employer. A trade secret shall include any information maintained as confidential and used by Employer in its business, including but not limited to a formula, pattern, compilation, program, device, method, technique or process that has value, actual or potential, from its confidentiality and from not being readily ascertainable to others
who could also obtain value from such information.  For purposes of this Section 8, the compilation of information used by Employer in its business shall include, without limitation, the identity of customers and suppliers and information reflecting their interests, preferences, credit-worthiness, likely receptivity to solicitation for participation in various transactions and related information obtained during the course of Employee’s employment with Employer.

(d)           Employee agrees that at the time of leaving the employ of Employer, Employee will deliver to Employer, and not keep or deliver to anyone else, any and all originals and copies, electronic or hard copy, of notebooks, memoranda, documents, communications, and, in general,
any and all materials relating to the business of Employer, or constituting property of the Employer.  Employee further agrees that Employee will not, directly or indirectly, request or advise any customers or suppliers of Employer to withdraw, curtail or cancel its business with Employer.

(e)           Employee agrees that during Employee’s Period of Employment and for a period of one (1) year after the expiration of the Period of Employment (it is expressly acknowledged that this clause is intended to survive the expiration of the Period of Employment), Employee
will not directly or indirectly, in the United States, participate in any Position (defined below) in any business in Direct Competition (defined below) with any business of the Employer.  The term “Direct Competition,” as used in this section, shall mean any business that directly competes against any line of business in which Employee was actively engaged during Employee’s employment with the Employer.  The term “Position,” as used in this section, includes
a partner, director, holder of more than 5% of the outstanding voting shares, principal, executive, officer, manager or any employment or consulting position with an entity in Direct Competition with Employer, where Employee performs any duties which are substantially similar to those performed by the Employee during Employee’s employment with Employer.  Employee acknowledges that a “substantially similar” position shall include any employment or consulting position with an entity
in Direct Competition with Employer is one in which Employee might be able to utilize the valuable, proprietary and confidential information to which Employee was exposed during Employee’s employment with Employer.  It is acknowledged and agreed that the scope of the clause as set forth above is essential, because (i) a more restrictive definition of “Position” (e.g. limiting it to the “same” position with a competitor) will subject the Employer to serious, irreparable
harm by allowing competitors to describe positions in ways to evade the operation of this clause, and substantially restrict the protection sought by Employer, and (ii) by allowing the Employee to escape the application of this clause by accepting a position designated as a “lesser” or “different” position with a competitor, the Employer is unable to restrict the Employee from providing valuable information to such competing entity to the harm of the Employer.

(f)           Employee recognizes that Employee possesses confidential information about other employees of Employer relating to their education, experience, skills, abilities, salary and benefits, and interpersonal relationships with customers and suppliers of Employer.  Employee
agrees that during Employee’s Period of Employment hereunder, and for a period of three (3) years after the expiration of the Period of Employment (it is expressly acknowledged that this clause is intended to survive, if applicable, the expiration of the Period of Employment), Employee shall not, directly or indirectly, solicit or contact any employee or agent of Employer, with a view to or for the purposes of inducing or encouraging such employee or agent to leave the employ of Employer, for the purpose
of being hired by Employee, any employer affiliated with Employee, or any competitor of Employer.  Employee agrees that Employee will not convey any such confidential information or trade secrets about other employees to anyone.

 

 

 

3

 

 

(g)           Employee acknowledges that the restrictions contained in this Section 8 are reasonable and necessary to protect Employer’s interest in this Agreement and that any breach thereof will result in an irreparable injury to Employer for which Employer has no adequate
remedy at law.  Employee therefore agrees that, in the event  Employee breaches any of the provisions contained in this Section 8, Employer shall be authorized and entitled to seek from any court of competent jurisdiction (i) a temporary restraining order, (ii) preliminary and permanent injunctive relief,  (iii) an equitable accounting of all profits or benefits arising out of such breach, (iv) direct, incidental and consequential damages arising from such breach; and/or (v) all
reasonable legal fees and costs related to any actions taken by Employer to enforce Section 8.

(h)           Employer and Employee have attempted to specify a reasonable period of time, a reasonable area and reasonable restrictions to which this Section 8 shall apply.  Employer and Employee agree that if a court or administrative body should subsequently determine
that the terms of this Section 8 are greater than reasonably necessary to protect Employer’s interest, Employer agrees to waive those terms which are found by a court or administrative body to be greater than reasonably necessary to protect Employer’s interest and to request that the court or administrative body reform this Agreement specifying a reasonable period of time and such other reasonable restrictions as the court or administrative body deems necessary.  Further, Employee agrees
that Employer shall have the right to amend or modify this Section 8 as necessary to comport with the determination of any court or administrative body that such Section in this or a similar agreement entered into by Employer with any other officer or manager of Employer is greater than reasonably necessary to protect Employer’s interest.

(i)           Employee further agrees that this Section 8, as well as Sections 11 and 12 relating to choice of law and forum for resolution, are integral parts of this Agreement, and that should a court fail or refuse to enforce the restrictions contained herein in the manner expressly
provided in Sections 8(a) through 8(h) above, the Employer shall recover from Employee, and the court shall award to the Employer, the consideration (or a pro-rata portion thereof to the extent these provisions are enforced but the time frame is reduced beyond that specified above) provided to and elected by Employee under the terms of Section 8(a) above (or the monetary equivalent thereof), its cost and its reasonable attorney’s fees.  Employee acknowledges that such award is not intended as
“liquidated damages” and is not exclusive to other remedies available to Employer.  Instead such award is intended to ensure that Employee is not unjustly enriched as a result of retaining contract benefits not earned by Employee.

9.           Modification.  This Agreement contains all the terms and conditions agreed upon by the parties hereto, and no other agreements, oral or otherwise, regarding the subject matter of this Agreement
shall be deemed to exist or bind either of the parties hereto, except for any pre-employment confidentiality agreement that may exist between the parties or any agreement or policy specifically referenced herein.  This Agreement cannot be modified except by a writing signed by both parties.

10.           Assignment.  This Agreement shall be binding upon Employee, Employee’s heirs, executors and personal representatives and upon Employer, its successors and assigns. Employee may not assign
this Agreement, in whole or in part, without first obtaining the written consent of the Chief Executive Officer of Employer.

11.           Applicable Law.  Employee acknowledges that this Agreement is performable at various locations throughout the United States and specifically performable wholly or partly within the State of Delaware
and consents to the validity, interpretation, performance and enforcement of this Agreement being governed by the internal laws of said State of Delaware, without giving effect to the conflict of laws provisions thereof.

12.           Jurisdiction and Venue of Disputes.  The courts of Washington County, Arkansas shall have exclusive jurisdiction and be the venue of all disputes between the Employer and Employee, whether such
disputes arise from this Agreement or otherwise.  In addition, Employee expressly waives any right Employee may have to sue or be sued in the county of Employee’s residence and consents to venue in Washington County, Arkansas.

13.           Acceleration Upon a Change in Control.  Upon the occurrence of a Change in Control (defined below) the Restricted Stock and Stock Options that have been granted to Employee pursuant to award agreements
from the Employer under Section 8(a), or which have otherwise been previously granted to Employee under an award agreement from the Employer; and which awards are unvested at the time of the Change in Control, will vest sixty (60) days after the Change in Control event occurs (unless vesting earlier pursuant to the terms of an award agreement).  If the Employee is terminated by the Employer without Cause during such sixty (60) day period, all of the unvested Restricted Stock and Stock Options granted
pursuant to such award agreements will vest on the date of termination.  For purposes of this Agreement, the term "Change in Control" shall have the same meaning as the term "Change in Control" as set forth in the Stock Plan; provided, however, that a Change in Control shall not include any event as a result of which one or more of the following persons or entities possess, immediately after such event, over fifty percent (50%) of the combined voting power of the Employer or, if applicable, a successor
entity: (a) Don Tyson; (b) individuals related to Don Tyson by blood, marriage or adoption, or the estate of any such individual; or (c) any entity (including, but not limited to, a partnership, corporation, trust or limited liability company) in which one or more individuals or estates described in clauses (a) and (b) hereof possess over fifty percent (50%) of the combined voting power or beneficial interests of such entity.  The Committee (as defined in the Stock Plan) shall have the sole discretion
to interpret the foregoing provisions of this paragraph.

14.           Severability.  If, for any reason, any one or more of the provisions contained in this Agreement are held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or
unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

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

 

 

4

 

 

EMPLOYEE ACKNOWLEDGES EMPLOYEE HAS COMPLETELY READ THE ABOVE, HAS BEEN ADVISED TO CONSIDER THIS AGREEMENT CAREFULLY, AND HAS BEEN FURTHER ADVISED TO REVIEW IT WITH LEGAL COUNSEL OF EMPLOYEE’S CHOOSING BEFORE SIGNING.  EMPLOYEE FURTHER ACKNOWLEDGES EMPLOYEE IS SIGNING THIS AGREEMENT VOLUNTARILY, AND WITHOUT
DURESS, COERCION, OR UNDUE INFLUENCE AND THEREBY AGREES TO ALL OF THE TERMS AND CONDITIONS CONTAINED HEREIN.

	  	  	
/s/ Donnie King

	  	  	
(Employee)

	  	  	  
	  	  	
Corp

	  	  	
(Location)

	  	  	  
	  	  	
12-9-2009

	  	  	
(Date)

	  	  	  
	  	  	  
	  	
Tyson Foods, Inc.

	  	  	  
	  	
By
	
/s/ James Lochner

	  	
Title
	
Tyson COO

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00168-of-00352.parquet"}]]