Document:

Exhibit 4.2

Exhibit 4.2

ARS Networks, Incorporated

Management Agreement

FOR

Controller

 

Dear Ronald Moodie

The following Management agreement between ARS Networks, Incorporated (The Company or ARS) and Ronald Moodie outlines the terms of your contract to perform duties as Controller of the company. 

1.Position 

You will be appointed as Controller of the Company.

2.Term

The appointment shall be for a term of two (2) years commencing on the 1st day of January 2001.

3.Compensation

	Annual compensation of US $60,000 annually, to be invoiced by you to the Company at the rate of $5,000 monthly. This amount will be reviewed within twelve months of the starting date.

	You will be entitled to participate in the company's stock option plan when grants are determined by the Board of Directors.

	You will be entitled to a cash or stock bonus of up to 50% of your annual compensation if and when granted by the Board of Directors subject to the achievement of annual performance criteria as approved by the Board.

	You will invoice the company periodically for your out of pocket expenses such as travel, meals and entertainment and other such expenses related to the execution of your duties.

 

4. Non competition

The Contract will contain the usual provision prohibiting you from competing with the company anywhere in the world for a period of two (2) years from the expiry or termination of your services.

 

5.Duties

Your duties shall include:

	Assisting the VP Finance in managing the financial functions of the Company.
	Execution of contracts and financial instruments as required
	Assisting in raising funds as required by the company
	Any other duties as mutually agreed to.

6.Termination for any reason

The Company shall have the right to terminate your contract at any time with a payment of three (3) months salary, provided that should such termination take place at any time during the last three (3) months of the contract, the maximum which the Company shall be required to pay in lieu of notice shall be an amount equal to the number of months remaining in the unexpired term of the contract. The Company shall however provide a minimum of two months notice to such termination.

7.Termination by Employee

The Employee shall provide a minimum of one (1) months notice of his desire to terminate the contract.

Please sign this letter below to indicate your agreement with the above terms. 

 

Yours truly

 

 

 

Sydney Harland

ARS Networks, Incorporated

 

 

Agreed this 1st day of January, 2001.

 

 

 

 

_____________________________

Ronald MoodieExhibit 4.3

  	
        100 Walnut Street

        Champlain, New York

        12919

          

	ARS Networks, Incorporated

Exhibit 4.3

June 29, 2000 

Mr. Sydney Harland

2155 Winchester Court

Burlington, On

L7P 3M7

Dear Mr. Harland

Re: Appointment to Board of Directors

I welcome this opportunity to confirm your appointment to the Board of Directors of ARS Networks, Incorporated effective June 29, 2000.

Term: You are appointed as a Director for a term of twenty-four months from the date noted above. As such, your term shall expire on June 30, 2002.

Compensation: Compensation as a Director shall be in the form of stock options to be granted annually. The number of options granted will be determined based upon the recommendation of management and the unanimous agreement of the Board of Directors. The option grant will be reviewed in April of each year and will vest immediately. 

Expenses: You shall be forthwith reimbursed by the Company for all expenses incurred by you in the course of fulfilling your duties as a Director, including the full cost of travel, food and hotel accommodation associated with your attendance at meetings of the Board of Directors.

Attendance at Board Meetings: You are required to attend all Board Meetings. The Board meets on average 10 times during the year. Absence from any two (2) consecutive Board Meetings shall constitute the tendering of your resignation from the Board.

Conflict of interest: Each Director will be required to declare any conflict of interest prior to any discussion and vote on matters raised at a meeting of the Board and requiring a vote by the Directors.

Other responsibilities: Each Director shall serve on a Committee of the Board and/or be required to perform other duties such as assisting management to develop business plans, introducing the company to potential investors and customers and other such functions as they arise. The current Committees include the Audit and Compensation Committees. 

  

Directors and Officers Liability Insurance: The Company shall provide Insurance for Directors and Officers Liability each year. Directors shall provide any and all information required by management to ensure that proper Insurance coverage is placed. Included in this information required is a listing of all external directorships and management positions, history of past D&O claims and any other information requested by the underwriters to provide the appropriate coverage. 

Please sign below indicating your acceptance of this appointment as a Director of ARS Networks, Incorporated. 

 

Sincerely,

 

Peter Hoult

Chairman

 

 

 

____________________________

Name: Sydney Harland

Date: June 29, 2000Exhibit 4.4

 

  	
        100 Walnut Street

        Champlain, New York

        12919

          

	ARS Networks, Incorporated

Exhibit 4.4

 

June 29, 2000 

Mr. Peter Hoult

420 Stone Currie Drive

Hillsborough, NC 27278

 

Dear Mr. Hoult

Re: Appointment to Board of Directors

I welcome this opportunity to confirm your appointment to the Board of Directors of ARS Networks, Incorporated effective June 29, 2000.

Term: You are appointed as a Director for a term of twenty-four months from the date noted above. As such, your term shall expire on June 30, 2002.

Compensation: Compensation as a Director shall be in the form of stock options to be granted annually. The number of options granted will be determined based upon the recommendation of management and the unanimous agreement of the Board of Directors. The option grant will be reviewed in April of each year and will vest immediately. 

Expenses: You shall be forthwith reimbursed by the Company for all expenses incurred by you in the course of fulfilling your duties as a Director, including the full cost of travel, food and hotel accommodation associated with your attendance at meetings of the Board of Directors.

Attendance at Board Meetings: You are required to attend all Board Meetings. The Board meets on average 10 times during the year. Absence from any two (2) consecutive Board Meetings shall constitute the tendering of your resignation from the Board.

Conflict of interest: Each Director will be required to declare any conflict of interest prior to any discussion and vote on matters raised at a meeting of the Board and requiring a vote by the Directors.

Other responsibilities: Each Director shall serve on a Committee of the Board and/or be required to perform other duties such as assisting management to develop business plans, introducing the company to potential investors and customers and other such functions as they arise. The current Committees include the Audit and Compensation Committees. 

  

Directors and Officers Liability Insurance: The Company shall provide Insurance for Directors and Officers Liability each year. Directors shall provide any and all information required by management to ensure that proper Insurance coverage is placed. Included in this information required is a listing of all external directorships and management positions, history of past D&O claims and any other information requested by the underwriters to provide the appropriate coverage. 

Please sign below indicating your acceptance of this appointment as a Director of ARS Networks, Incorporated. 

 

Sincerely,

 

Sydney Harland

President and CEO

 

 

 

____________________________

Name: Peter Hoult

Date: June 29, 2000Exhibit 4.5

 

	
      100 Walnut Street

      Champlain, New York

      12919

        

	ARS Networks, Incorporated

Exhibit 4.5

June 29, 2000 

Mr. Don Hathaway

5964 - 9th Line,

Erin, Ontario,

N0B 1T0

Dear Mr. Hathaway

Re: Appointment to Board of Directors

I welcome this opportunity to confirm your appointment to the Board of Directors of ARS Networks, Incorporated effective June 29, 2000.

Term: You are appointed as a Director for a term of twenty-four months from the date noted above. As such, your term shall expire on June 30, 2002.

Compensation: Compensation as a Director shall be in the form of stock options to be granted annually. The number of options granted will be determined based upon the recommendation of management and the unanimous agreement of the Board of Directors. The option grant will be reviewed in April of each year and will vest immediately. 

Expenses: You shall be forthwith reimbursed by the Company for all expenses incurred by you in the course of fulfilling your duties as a Director, including the full cost of travel, food and hotel accommodation associated with your attendance at meetings of the Board of Directors.

Attendance at Board Meetings: You are required to attend all Board Meetings. The Board meets on average 10 times during the year. Absence from any two (2) consecutive Board Meetings shall constitute the tendering of your resignation from the Board.

Conflict of interest: Each Director will be required to declare any conflict of interest prior to any discussion and vote on matters raised at a meeting of the Board and requiring a vote by the Directors.

Other responsibilities: Each Director shall serve on a Committee of the Board and/or be required to perform other duties such as assisting management to develop business plans, introducing the company to potential investors and customers and other such functions as they arise. The current Committees include the Audit and Compensation Committees. 

  

Directors and Officers Liability Insurance: The Company shall provide Insurance for Directors and Officers Liability each year. Directors shall provide any and all information required by management to ensure that proper Insurance coverage is placed. Included in this information required is a listing of all external directorships and management positions, history of past D&O claims and any other information requested by the underwriters to provide the appropriate coverage. 

Please sign below indicating your acceptance of this appointment as a Director of ARS Networks, Incorporated. 

Sincerely,

 

Peter Hoult

Chairman

 

 

____________________________

Name: Donald Hathaway

Date: June 29, 2000

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