Document:

exhibit101

Amended

2003
STOCK OPTION PLAN OF

 

UNITED
AMERICAN CORPORATION

July
1, 2004

 

A
Florida Corporation

 

 

 

STOCK
OPTION PLAN OF

UNITED
AMERICAN CORPORATION

TABLE
OF CONTENTS

 

	 	
      Page
      No.

	 	 
	
      PURPOSE
      OF THE PLAN
	
      1

	 	 
	
      TYPES
      OF STOCK OPTIONS
	
      1

	 	 
	
      DEFINITIONS
	
      1

	 	 
	
      ADMINISTRATION
      OF THE PLAN
	
      2

	 	 
	
      GRANT
      OF OPTIONS
	
      3

	 	 
	
      STOCK
      SUBJECT TO PLAN
	
      4

	 	 
	
      TERMS
      AND CONDITIONS OF OPTIONS
	
      4

	 	 
	
      TERMINATION
      OR AMENDMENT OF THE PLAN
	
      9

	 	 
	
      INDEMNIFICATION
	
      9

	 	 
	
      EFFECTIVE
      DATE AND TERM OF THE PLAN
	
      10

 

 

STOCK
OPTION PLAN OF

UNITED
AMERICAN CORPORATION

A
Florida Corporation

	1.  	
      PURPOSE
      OF THE PLAN

The
purpose of this Plan is to strengthen United American Corporation (f/k/a Studio
Bromont Inc., hereinafter the “Company”) by providing incentive stock options as
a means to attract, retain and motivate key corporate personnel, through
ownership of stock of the Company, and to attract individuals of outstanding
ability to render services to and enter the employment of the Company or its
subsidiaries.

	2.  	
      TYPES
      OF STOCK OPTIONS

 

There
shall be two types of Stock Options (referred to herein as "Options" without
distinction between such different types) that may be granted under this Plan:
(1) Options intended to qualify as Incentive Stock Options under Section 422 of
the Internal Revenue Code (“Qualified Stock Options”), and (2) Options not
specifically authorized or qualified for favorable income tax treatment under
the Internal Revenue Code (“Non-Qualified Stock Options”).

	3.  	
      DEFINITIONS

The
following definitions are applicable to the Plan:

	(1)  	
      Board.
      The Board of Directors of the Company.

	(2)  	
      Code.
      The Internal Revenue Code of 1986, as amended from time to
      time.

	(3)  	
      Common
      Stock. The shares of Common Stock of the
Company.

	(4)  	
      Company.
      United American Corporation (f/k/a Studio Bromont Inc.), a Florida
      corporation.

	(5)  	
      Consultant.
      An individual or entity that renders professional services to the Company
      as an independent contractor and is not an employee or under the direct
      supervision and control of the Company.

	(6)  	
      Disabled
      or Disability. For the purposes of Section 7, a disability of the type
      defined in Section 22(e)(3) of the Code. The determination of whether an
      individual is Disabled or has a Disability is determined under procedures
      established by the Plan Administrator for purposes of the
      Plan.

 

	(7)  	
      Fair
      Market Value. For purposes of the Plan, the “fair market value" per share
      of Common Stock of the Company at any date shall be: (a) if the
      

Common Stock is listed on an established stock
exchange or exchanges or the NASDAQ National Market, the closing price per share
on the last trading day immediately preceding such date on the principal
exchange on which it is traded or as reported by NASDAQ; or (b) if the Common
Stock is not then listed on an exchange or the NASDAQ National Market, but is
quoted on the NASDAQ Small Cap Market, the NASDAQ electronic bulletin board or
the National Quotation Bureau pink sheets, the average of the closing bid and
asked prices per share for the Common Stock as quoted by NASDAQ or the National
Quotation Bureau, as the case may be, on the last trading day immediately
preceding such date; or (c) if the Common Stock is not then listed on an
exchange or the NASDAQ National Market, or quoted by NASDAQ or the National
Quotation Bureau, an amount determined in good faith by the Plan
Administrator.

 

	(8)  	
      Incentive
      Stock Option. Any Stock Option intended to be and designated as an
      "incentive stock option" within the meaning of Section 422 of the Code.
      

	(9)  	
      Non-Qualified
      Stock Option. Any
      Stock Option that is not an Incentive Stock
Option.

	(10)  	
      Optionee.
      The recipient of a Stock Option.

	(11)  	
      Plan
      Administrator. The board or the Committee designated by the Board pursuant
      to Section 4 to administer and interpret the terms of the
      Plan.

	(12)  	
      Stock
      Option. Any option to purchase shares of Common Stock granted pursuant to
      Section 7.

	4.  	
      ADMINISTRATION
      OF THE PLAN

This Plan shall be administered by the Board of
Directors or by a Compensation Committee (hereinafter the “Committee”) composed
of members selected by, and serving at the pleasure of, the Board of Directors
(the “Plan Administrator”). Subject to the provisions of the Plan, the Plan
Administrator shall have authority to construe and interpret the Plan, to
promulgate, amend, and rescind rules and regulations relating to its
administration, to select, from time to time, among the eligible employees and
non-employee consultants (as determined pursuant to Section 5) of the Company
and its subsidiaries those employees and consultants to whom Stock Options will
be granted, to determine the duration and manner of the grant of the Options, to
determine the exercise price, the number of shares and other terms covered by
the Stock Options, to determine the duration and purpose of leaves of absence
which may be granted to Stock Option holders without constituting termination of
their employment for purposes of the Plan, and to make all of the determinations
necessary or advisable for administration of the Plan. The interpretation and
construction by the Plan Administrator of any provision of the Plan, or of any
agreement issued and executed under the Plan, shall be final and binding upon
all 

2

parties.
No member of the Committee or Board shall be liable for any action or
determination undertaken or made in good faith with respect to the Plan or any
agreement executed pursuant to the Plan.

If a
Committee is established, all of the members of the Committee shall be persons
who, in the opinion of counsel to the Company, are outside directors and
"non-employee directors" within the meaning of Rule 16b-3(b)(3)(i) promulgated
by the Securities and Exchange Commission. -From time to time, the Board may
increase or decrease the size of the Committee, and add additional members to,
or remove members from, the Committee. The Committee shall act pursuant to a
majority vote, or the written consent of a majority of its members, and minutes
shall be kept of all of its meetings and copies thereof shall be provided to the
Board. Subject to the provisions of the Plan and the directions of the Board,
the Committee may establish and follow such rules and regulations for the
conduct of its business as it may deem advisable. 

At the
option of the Board, the entire Board of Directors of the Company may act as the
Plan Administrator during such periods of time as all members of the Board are
“outside directors” as defined in Prop. Treas. Regs. '1.162-27(e)(3), except
that this requirement shall not apply during any period of time prior to the
date the Company's Common Stock becomes registered pursuant to Section 12 of the
Securities Exchange Act of 1934, as amended.

	5.  	
      GRANT
      OF OPTIONS

The
Company is hereby authorized to grant Incentive Stock Options as defined in
section 422 of the Code to any employee, consultant, or director (including any
officer or director who is an employee) of the Company, or of any of its
subsidiaries; provided, however, that no person who owns stock possessing more
than 10% of the total combined voting power of all classes of stock of the
Company, or any of its parent or subsidiary corporations, shall be eligible to
receive an Incentive Stock Option under the Plan unless at the time such
Incentive Stock Option is granted the Option price is at least 110% of the fair
market value of the shares subject to the Option, and such Option by its terms
is not exercisable after the expiration of five years from the date such Option
is granted.

An
employee may receive more than one Option under the Plan. Non-Employee Directors
shall be eligible to receive Non--Qualified Stock Options in the discretion of
the Plan Administrator. In addition, Non--Qualified Stock Options may be granted
to employees, officers, directors and consultants who are selected by the Plan
Administrator.

3

	6.  	
      STOCK
      SUBJECT TO PLAN

The stock
available for grant of Options under the Plan shall be shares of the Company's
authorized but unissued, or reacquired, Common Stock. Subject to adjustment as
provided herein, the maximum aggregate number of shares of the Company’s common
stock that may be optioned and sold under the Plan is 9,000,000 shares.

The
maximum number of shares for which an Option may be granted to any Optionee
during any calendar year shall not exceed three percent (3%) of the issued and
outstanding common shares of the Company. In the event that any outstanding
Option under the Plan for any reason expires or is terminated, the shares of
Common Stock allocable to the unexercised portion of the Option shall again be
available for Options under the Plan as if no Option had been granted with
regard to such shares.

	7.  	
      TERMS
      AND CONDITIONS OF OPTIONS

Options
granted under the Plan shall be evidenced by agreements (which need not be
identical) in such form and containing such provisions that are consistent with
the Plan as the Plan Administrator shall from time to time approve. Such
agreements may incorporate all or any of the terms hereof by reference and shall
comply with and be subject to the following terms and conditions:

	(1)  	
      Number
      of Shares. Each Option agreement shall specify the number of shares
      subject to the Option.

	(2)  	
      Option
      Price. The purchase price for the shares subject to any Option shall be
      determined by the Plan Administrator at the time of the grant, but shall
      not be less than 85% of Fair Market Value per share. Anything to the
      contrary notwithstanding, the purchase price for the shares subject to any
      Incentive Stock Option shall not be less than 100% of the Fair Market
      Value of the shares of Common Stock of the Company on the date the Stock
      Option is granted. In the case of any Incentive Stock Option granted to an
      employee who owns stock possessing more than 10% of the total combined
      voting power of all classes of stock of the Company, or any of its parent
      or subsidiary corporations, the Option price shall not be less than 110%
      of the Fair Market Value per share of the Common Stock of the Company on
      the date the Option is granted. For purposes of determining the stock
      ownership of an employee, the attribution rules of Section 424(d) of the
      Code shall apply.

	(3)  	
      Notice
      and Payment. Any exercisable portion of a Stock Option may be exercised
      only by: (a) delivery of a written notice to the Company prior to the time
      when such Stock Option becomes unexercisable herein, stating the number of
      shares bring purchased and complying with all applicable rules established
      by the Plan Administrator; (b) payment in full of the exercise
      

 

 

4

 

price of such Option by, as applicable, delivery of:
(i) cash or check for an amount equal to the aggregate Stock Option exercise
price for the number of shares being purchased, (ii) in the discretion of the
Plan Administrator, upon such terms as the Plan Administrator shall approve, a
copy of instructions to a broker directing such broker to sell the Common Stock
for which such Option is exercised, and to remit to the Company the aggregate
exercise price of such Stock Option (a “cashless exercise”), or (iii) in the
discretion of the Plan Administrator, upon such terms as the Plan Administrator
shall approve, shares of the Company's Common Stock owned by the Optionee, duly
endorsed for transfer to the Company, with a Fair Market Value on the date of
delivery equal to the aggregate purchase price of the shares with respect to
which such Stock Option or portion is thereby exercised (a "stock-for-stock
exercise"); (c) payment of the amount of tax required to be withheld (if any) by
the Company, or any parent or subsidiary corporation as a result of the exercise
of a Stock Option. At the discretion of the Plan Administrator, upon such terms
as the Plan Administrator shall approve, the Optionee may pay all or a portion
of the tax withholding by: (i) cash or check payable to the Company, (ii) a
cashless exercise, (iii) a stock-for-stock exercise, or (iv) a combination of
one or more of the foregoing payment methods; and (d) delivery of a written
notice to the Company requesting that the Company direct the transfer agent to
issue to the Optionee (or his designee) a certificate for the number of shares
of Common Stock for which the Option was exercised or, in the case of a cashless
exercise, for any shares that were not sold in the cashless exercise.
Notwithstanding the foregoing, the Company, in its sole discretion, may extend
and maintain, or arrange for the extension and maintenance of credit to any
Optionee to finance the Optionee's purchase of shares pursuant to the exercise
of any Stock Option, on such terms as may be approved by the Plan Administrator,
subject to applicable regulations of the Federal Reserve Board and any other
laws or regulations in effect at the time such credit is extended.

 

	(4)  	
      Terms
      of Option. No Option shall be exercisable after the expiration of the
      earliest of: (a) ten years after the date the Option is granted, (b) three
      months after the date the Optionee's employment with the Company and its
      subsidiaries terminates, or a Non-Employee Director or Consultant ceases
      to provide services to the Company, if such termination or cessation is
      for any reason other than Disability or death, (c) one year after the date
      the Optionee's employment with the Company, and its subsidiaries,
      terminates, or a Non--Employee Director or Consultant ceases to provide
      services to the Company, if such termination or cessation is a result of
      death or Disability; provided, however, that the Option agreement for any
      Option may provide for shorter periods in each of the foregoing instances.
      In the case of an Incentive Stock Option granted to an employee who owns
      stock possessing more than 10% of the total combined voting power of all
      classes of stock of the Company, or any of its parent or subsidiary
      corporations, the term set 

 

 

5

 

forth in (a) above shall not be more than five years after the date the
Option is granted. 

	(5)  	
      Exercise
      of an Option. No Option shall be exercisable during the lifetime of an
      Optionee by any person other than the Optionee. Subject to the foregoing,
      the Plan Administrator shall have the power to set the time or times
      within which each Option shall vest or be exercisable and to accelerate
      the time or times of vesting and exercise; provided, however each Option
      shall provide the right to exercise at the rate of at least 20% per year
      over five years from the date the Option is granted. Unless otherwise
      provided by the Plan Administrator, each Option will not be subject to any
      vesting requirements. To the extent that an Optionee has the right to
      exercise an Option and purchase shares pursuant hereto, the Option may be
      exercised from time to time by written notice to the Company, stating the
      number of shares being purchased and accompanied by payment in full of the
      exercise price for such shares.

	(6)  	
      No
      Transfer of Option. No Option shall be transferable by an Optionee
      otherwise than by will or the laws of descent and
      distribution.

	(7)  	
      Limit
      on Incentive Stock Option. The aggregate Fair Market Value (determined at
      the time the Option is granted) of the stock with respect to which an
      Incentive Stock Option is granted and exercisable for the first time by an
      Optionee during any calendar year (under all Incentive Stock Option plans
      of the Company and its subsidiaries) shall not exceed $100,000. To the
      extent the aggregate Fair Market Value (determined at the time the Stock
      Option is granted) of the Common Stock with respect to which Incentive
      Stock Options are exercisable for the first time by an Optionee during any
      calendar year (under all Incentive Stock Option plans of the Company and
      any parent or subsidiary corporations) exceeds $100,000, such Stock
      Options shall be treated as Non--Qualified Stock Options. The
      determination of which Stock Options shall be treated as Non--Qualified
      Stock Options shall be made by taking Stock Options into account in the
      Order in which they were granted.

	(8)  	
      Restriction
      on Issuance of Shares. The issuance of Options and shares shall be subject
      to compliance with all of the applicable requirements of law with respect
      to the issuance and sale of securities, including, without limitation, any
      required qualification under state securities laws. If an Optionee
      acquires shares of Common Stock pursuant to the exercise of an Option, the
      Plan Administrator, in its sole discretion, may require as a condition of
      issuance of shares covered by the Option that the shares of Common Stock
      be subject to restrictions on transfer. The Company may place a legend on
      the share certificates reflecting the fact that they are subject to
      restrictions on transfer pursuant to the terms of this Section. In
      

 

 

6

 

addition, the Optionee may be required to execute a
buy-sell agreement in favor of the Company or its designee with respect to all
or any of the shares so acquired. In such event, the terms of any such agreement
shall apply to the optioned shares.

	(9)  	
      Investment
      Representation. Any Optionee may be required, as a condition of issuance
      of shares covered by his or her Option, to represent that the shares to be
      acquired pursuant to exercise will be acquired for investment and without
      a view toward distribution thereof, and in such case, the Company may
      place a legend on the share certificate(s) evidencing the fact that they
      were acquired for investment and cannot be sold or transferred unless
      registered under the Securities Act of 1933, as amended, or unless counsel
      for the Company is satisfied that the circumstances of the proposed
      transfer do not require such registration.

	(10)  	
      Rights
      as a Shareholder or Employee. An Optionee or transferee of an Option shall
      have no right as a stockholder of the Company with respect to any shares
      covered by any Option until the date of the issuance of a share
      certificate for such shares. No adjustment shall be made for dividends
      (Ordinary or extraordinary, whether cash, securities, or other property),
      or distributions or other rights for which the record date is prior to the
      date such share certificate is issued, except as provided in paragraph
      (13) below. Nothing in the Plan or in any Option agreement shall confer
      upon any employee any right to continue in the employ of the Company or
      any of its subsidiaries or interfere in any way with any right of the
      Company or any subsidiary to terminate the Optionee's employment at any
      time.

	(11)  	
      No
      Fractional Shares. In no event shall the Company be required to issue
      fractional shares upon the exercise of an
Option.

	(12)  	
      Exercise
      in the Event of Death. In the event of the death of the Optionee, any
      Option or unexercised portion thereof granted to the Optionee, to the
      extent exercisable by him or her on the date of death, may be exercised by
      the Optionee's personal representatives, heirs, or legatees subject to the
      provisions of paragraph (4) above.

	(13)  	
      Recapitalization
      or Reorganization of the Company. Except as otherwise provided herein,
      appropriate and proportionate adjustments shall be made (1) in the number
      and class of shares subject to the Plan, (2) to the Option rights granted
      under the Plan, and (3) in the exercise price of such Option rights, in
      the event that the number of shares of Common Stock of the Company are
      increased or decreased as a result of a stock dividend (but only on Common
      Stock), stock split, reverse stock split, recapitalization,
      reorganization, merger, consolidation, separation, or like change in the
      corporate or capital structure of the Company. In the event there shall be
      any 

 

 

 

7

 

other change in the number or kind of the outstanding
shares of Common Stock of the Company, or any stock or other securities into
which such common stock shall have been changed, or for which it shall have been
exchanged, whether by reason of a complete liquidation of the Company or a
merger, reorganization, or consolidation with any other corporation in which the
Company is not the surviving corporation, or the Company becomes a wholly-owned
subsidiary of another corporation, then if the Plan Administrator shall, in its
sole discretion, determine that such change equitably requires an adjustment to
shares of Common Stock currently subject to Options under the Plan, or to prices
or terms of outstanding Options, such adjustment shall be made in accordance
with such determination.

To the
extent that the foregoing adjustments relate to stock or securities of the
Company, such adjustment shall be made by the Plan Administrator, the
determination of which in that respect shall be final, binding, and conclusive.
No right to purchase fractional shares shall result from any adjustment of
Options pursuant to this Section. In case of any such adjustment, the shares
subject to the Option shall he rounded down to the nearest whole share. Notice
of any adjustment shall be given by the Company to each Optionee whose Options
shall have been so adjusted and such adjustment (whether or not notice is given)
shall be effective and binding for all purposes of the Plan.

In the
event of a complete liquidation of the Company or a merger, reorganization, or
consolidation of the Company with any other corporation in which the Company is
not the surviving corporation, or the Company becomes a wholly-owned subsidiary
of another corporation, any unexercised Options granted under the Plan shall be
deemed cancelled unless the surviving corporation in any such merger,
reorganization, or consolidation elects to assume the Options under the Plan or
to issue substitute Options in place thereof; provided, however, that
notwithstanding the foregoing, if such Options would be cancelled in accordance
with the foregoing, the Optionee shall have the right exercisable during a
ten-day period ending on the fifth day prior to such liquidation, merger, or
consolidation to exercise such Option in whole or in part without regard to any
installment exercise provisions in the Option agreement.

	(14)  	
      Modification,
      Extension and Renewal of Options. Subject to the terms and conditions and
      within the limitations of the Plan, the Plan Administrator may modify,
      extend or renew outstanding options granted under the Plan and accept the
      surrender of outstanding Options (to the extent not theretofore
      exercised). The Plan Administrator shall not, however, without the
      approval of the Board, modify any outstanding Incentive Stock Option in
      any manner that would cause the Option not to qualify as an Incentive
      Stock Option within the meaning of Section 422 of the Code.
      Notwithstanding the 

 

 

 

8

 

foregoing, no modification of an Option shall,
without the consent of the Optionee, alter or impair any rights of the Optionee
under the Option.

 

	 	
      (15)
	
      Other
      Provisions. Each Option may contain such other terms, provisions, and
      conditions not inconsistent with the Plan as may be determined by the Plan
      Administrator.

	8.  	
      TERMINATION
      OR AMENDMENT OF THE PLAN

The Board
may at any time terminate or amend the Plan; provided that, without approval of
the holders of a majority of the shares of Common Stock of the Company
represented and voting at a duly held meeting at which a quorum is present or
the written consent of a majority of the outstanding shares of Common Stock,
there shall be (except by operation of the provisions of paragraph (13) above)
no increase in the total number of shares covered by the Plan, no change in the
class of persons eligible to receive options granted under the Plan, no
reduction in the limits for determination of the minimum exercise price of
Options granted under the Plan, and no extension of the limits for determination
of the latest date upon which Options may be exercised; and provided further
that, without the consent of the Optionee, no amendment may adversely affect any
then outstanding Option or any unexercised portion thereof.

	9.  	
      INDEMNIFICATION

In
addition to such other rights of indemnification as they may have as members of
the Board Committee that administers the Plan, the members of the Plan
Administrator shall be indemnified by the Company against reasonable expense,
including attorney's fees, actually and necessarily incurred in connection with
the defense of any action, suit or proceeding, or in connection with any appeal
therein to which they, or any of them, may be a party by reason of any action
taken or failure to act under or in connection with the Plan or any Option
granted thereunder, and against any and all amounts paid by them in settlement
thereof (provided such settlement is approved by independent legal counsel
selected by the Company). In addition, such members shall be indemnified by the
Company for any amount paid by them in satisfaction of a judgment in any action,
suit, or proceeding, except in relation to matters as to which it shall have
been adjudged that such member is liable for negligence or misconduct in the
performance of his or her duties, provided however that within sixty (60) days
after institution of any such action, suit, or proceeding, the member shall in
writing offer the Company the opportunity, at its own expense, to handle and
defend the same.

	10.  	
      EFFECTIVE
      DATE AND TERM OF THE PLAN

This Plan
shall become effective (the "Effective Date") on the date of adoption by the
board of directors. Unless sooner terminated by the Board in its sole
discretion, this Plan will expire on June 9, 2013.

 

 

9

IN
WITNESS WHEREOF, the
Company by its duly authorized officer, has caused this Plan to be executed as
of the 14th day of January, 2004.

UNITED
AMERICAN CORPORATION

                /s/
Benoit
Laliberte                                

	
      By:
      
	
      Benoit
      Laliberte

	
      Its:
	
      Chief
      Executive Officer

	
      
	
      Chief
      Financial Officer

 

 

 

10exhibit101

ATTORNEY-CLIENT
RETAINER AGREEMENT

May 8,
2005

This
document (“Agreement”) is the written fee contract that California requires
lawyers to have with their clients. We, Jeffrey M. Howard and Edward C. Fisch
(“Attorneys”), will provide legal services to eRSXYS (“Client”) on the terms set
forth below.

               
1. CONDITIONS. This
Agreement will not take effect, and we will have no obligation to provide legal
services, until you return a signed copy of this Agreement.

2. SCOPE
OF DUTIES. You are
hiring us as your attorneys, to represent you in connection with a dispute
against Adam C.
King, Orange County Superior Case No. 04CC04891. We will
provide those legal services reasonably required to represent you. We will take
reasonable steps to keep you informed of our progress and to respond to your
inquiries. If a court action is filed, we will represent you through trial and
post trial motions. We will not represent you on appeal unless a new agreement
is made concerning the appeal. Unless you and we make a different agreement in
writing, this Agreement will govern all future services we may perform for
you.

3.  CLIENT'S
DUTIES. You
agree to be truthful with us, to cooperate, to keep us informed of developments,
to abide by this Agreement, to pay our bills on time and to keep us advised of
your address, telephone number and whereabouts.

4.  MINIMUM
FEE/DEPOSIT. You will
agree to pay us a retainer fee in the amount of $10,000 which will be paid as
follows: (a) $3,000 cash, the receipt of which is hereby acknowledged and $7,000
in the form of shares of eRSXYS S-8 common stock with a market value of $7,000.
The retainer fee will constitute our minimum fee and those shares, together with
addition S-8 shares valued at $30,000, (for a total of $37,000 plus $3,000 cash)
will be retained in by Edward Fisch in trust and applied against our fees if you
fail to timely pay them in good funds pursuant to paragraph 7, below. It is
agreed that no portion of the stock will be sold until the earlier of 30 days or
3 days prior to our first court appearance.

5.
 LEGAL
FEES AND BILLING PRACTICES. You
agree to pay us and we will bill you at the rate of $325 per hour. We will
charge you for the time we spend on your matter, including telephone calls
relating to your matter. The legal personnel assigned to your matter will confer
among themselves about the matter, as required. When they do confer, each person
will charge for the time expended. Likewise, if more than one of our legal
personnel attends a meeting, court hearing or other proceeding, each will charge
for the time spent. We will charge for waiting time in court and elsewhere and
for travel time, both local and out of town. 

 

 

1

	6.  	
      COSTS
      AND OTHER CHARGES.

       

(a) In
General. Client
will pay all “costs” in connection with Attorney’s representation of Client
under this Agreement. Costs may be advanced by Attorney and then billed to
Client unless the costs can be met out of Client deposits that are applicable
toward costs. Costs include, but are not limited to, court filing fees,
deposition costs, expert fees and expenses, investigation costs, long-distance
telephone charges, postage, messenger service fees, photocopying expenses at 10
cents per page, facsimile charges at 25 cents per page, word processing at $35
per hour, travel expenses, parking, car mileage, postage, computerized legal
research, process server fees and any other expense incurred by Attorney for and
on behalf of Client and Client’s cause.

 

(b) Experts,
Consultants and Investigators. To aid
in the preparation or presentation of your case, it may become necessary to hire
expert witnesses, consultants or investigators. We will not hire such persons at
an expense to you in excess of $500.00 unless you agree, in advance, to pay
their fees and charges. We will select any expert witnesses, consultants or
investigators to be hired.

7.
 BILLING
STATEMENTS. We will
send you monthly statements for fees and costs incurred. Each statement will be
due within thirty (30) days of its due date. Any statement not paid in a timely
fashion will bear interest at an annual rate of ten percent (10%).
Notwithstanding the foregoing, you acknowledge and agree that the retainer
amount is due on the signing of this Agreement. 

8.  LIEN. You
hereby grant us a lien on any and all claims or causes of action that are the
subject of our representation under this Agreement. Our lien will pay for any
sums owing to us at the conclusion of our services. The lien will attach to any
recovery you may obtain, whether by arbitration award, judgment, settlement or
otherwise.

9.  DISCHARGE
AND WITHDRAWAL. You may
discharge us at any time. We may withdraw with your consent or for good cause.
Good cause includes your breach of this Agreement, your refusal to cooperate
with us or to follow our advice on a material matter or any fact or circumstance
that would render our continuing representation unlawful or unethical.

When our
services conclude, all unpaid charges will immediately become due and payable.
After our services conclude, we will, upon your request, deliver your file to
you, along with any funds or property of yours in our possession.

10.  DISCLAIMER
OF GUARANTEE. Nothing
in this Agreement and nothing in our statements to you should be construed as a
promise or guarantee about the outcome of your matter. We make no such promises
or guarantees. Our comments about the outcome of your matter are expressions of
opinion only. 

 

 

 

2

 

11.  ARBITRATION. In the
event that you have any claim against us relating to any alleged error or
omission in connection with our representation of you, including
claims for legal malpractice, or
arising out of fees or charges incurred under this Agreement you agree to submit
that claim to arbitration before a retired Orange County judge under the rules
established in the California Code of Civil Procedure (CCP §1280 et. seq.). You
agree that the results of that arbitration shall be binding upon you and us. You
further agree and acknowledge that, by agreeing to have our disputes resolved by
arbitration you are waiving your constitutional right to a trial by a jury of
your peers. 

The
arbitrator shall, in the Award, allocate all of the costs of the arbitration
(and the mediation, if applicable), including the fees of the arbitrator and the
reasonable attorneys' fees of the prevailing party, against the party who did
not prevail. Judgment on the Award may be entered in any court having
jurisdiction.

This
agreement to arbitrate is not intended to abrogate your right to require a
non-binding fee arbitration pursuant to California Business & Professions
Code, Sections 6200-06. If you demand the arbitration of a fee dispute pursuant
to these provisions, either party may seek to consolidate that arbitration with
any other arbitration pending between the parties.

12.  MEDIATION. Upon
the request of any party, a mediation shall be conducted prior to the
arbitration pursuant to the Mediation Rules of JAMS. 

13.
 EFFECTIVE
DATE. This
Agreement will take effect when you have signed this Agreement and delivered to
Edward Fisch the shares of stock described in paragraph 4, but its effective
date will be retroactive to the date we first perform services for you. The date
at the beginning of this Agreement is for reference only. Even if this Agreement
does not take effect, you will be obligated to pay us the reasonable value of
any services we have performed for you. 

 

 

 

 

3

 

14.  FACSIMILE. A
facsimile signed copy will have the same force and effect as
originals.

 

 

                                                                                                        /s/
Jeffrey M.
Howard                                 

Jeffrey
M. Howard

 

 

                                                                                                                        /s/
Edward C
Fisch                                      

Edward C.
Fisch

          
I/wehave read and understood the foregoing terms and agree to them, as of the
date that Jeffrey M. Howard and Edward C. Fisch first provided services. If more
than one party signs below, we each agree to be liable, jointly and severally,
for all obligations under this Agreement.

 

                                                                                                                        eRSXYS,
Inc.

 

 

                                                                                                                       
By:/s/
Robert
DelVecchio                          

                                                                                                                              Robert
DelVecchio, President

4

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