Document:

ex103.htm

    Exhibit
10.3

     

    EMPLOYMENT
AGREEMENT

    

    THIS
EMPLOYMENT AGREEMENT (the “Employment Agreement” or “Agreement”) is entered into
as of this __ day of August 2008, between Priviam, Inc., a New Jersey
corporation (the “Company”), and Daniel Urrea (the “Employee”).

    

    RECITALS:

    

    WHEREAS,
the Company desires to employ Employee in the position of Chief Financial
Officer; and

    

    NOW,
THEREFORE, the parties to this Agreement, intending to be legally bound, agree
as follows:

    

    1.           Employment.  As
of the Effective Date, the Company hereby agrees to employ Employee, and
Employee accepts such employment and agrees to perform her duties and
responsibilities under this Agreement, in accordance with the following terms
and conditions.

    

    1.1.           Duties and
Responsibilities.

     

    (a)           Beginning
on the Effective Date, and thereafter until this Employment Agreement or
Employee’s employment terminates, Employee shall be employed by the Company as
its Chief Financial Officer.  In such capacity, Employee shall have
such powers and duties reasonably related to and consistent with such position
and the terms of this Agreement as may be assigned to him by the Board of Directors
of the Company.   The duties and responsibilities of Employee set
forth in this Agreement shall not be substantially changed without the mutual
agreement of the parties.

     

    (b)           Employee
represents to the Company that he is not subject to or a party to any employment
agreement, non-competition covenant, understanding or restriction which would
prohibit Employee from executing this Agreement and performing fully his duties
and responsibilities here­under.

    

    (c)           Company
hereby acknowledges and permits that during the term of this Agreement Employee
may serve as an officer and/or director of another company or companies,
provided that such company or companies are not in direct or indirect
competition with the Company's business. Such company or companies shall
include, but not be limited to, Nexicon, Inc. a Nevada
corporation.  Company further acknowledges that Nexicon, Inc. is not
considered to be in direct or indirect competition with the
Company.  Notwithstanding the foregoing, Employee represents to the
Company that such duties shall not interfere with the attention and skills to
the business and affairs of the Company and its subsidiaries.

    

    1.2.           Salary.  For
all of the services rendered by Employee hereunder, Employee’s annual base
salary shall be Sixty Thousand Dollars ($60,000), payable in accordance with the
Company's ordinary payroll practices (but in any event no less often than
monthly).  Employee hereby agrees that such base salary shall commence
upon such time as the Company raises an amount of capital, in equity or debt, of
not less than Five Hundred Thousand Dollars ($500,000) in gross proceeds or
until such earlier time as the Company has obtained appropriate funds to cover
the cost of the base salary through other means which shall include but not be
limited to licensing fees.  Company hereby agrees that upon completion
of the Capital Raise that it shall pay to Employee in one lump sum any amounts
owed under the accruals.   Such base salary shall not be reduced
during the term of this Agreement without the express written consent of
Employee.   The Company agrees that Employee’s base salary and
performance will thereafter be reviewed at least annually by the Company to
determine if an increase in compensation is appropriate, which increase shall be
in the sole discretion of the Board of Directors of the Company.

     

    
      
         

      

      
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    1.3.           Common Stock
Grant.  Upon execution of this Agreement, the Company shall
issue to Employee an amount of Four Million (4,000,000) shares of its common
stock par value $.0001.

     

    1.4.           Benefits.  During
the term of employment Employee shall be provided such benefits and be permitted
to participate in all fringe benefit plans made available to employees of the
Company generally and to executives of the Company which, from time to time at
the Company’s discretion may be provided.

    

    1.5   
        Perquisites.   Employee
shall be entitled to continue to receive perquisites and fringe benefits
pertaining to the office of the Executive Chairman of the Company in accordance
with present practice and appropriate to the industry.

    

    1.6       
    Bonuses . Employee
shall be eligible for annual discretionary bonuses in an amount and on such
terms as may be approved by the Board of Directors of the Company and shall be
eligible to participate in any bonus plan approved by the Board of Directors for
executives of the Company with the nature and extent of such participation to be
determined by the Board of Directors in its discretion.

    

    2.           Expenses.  The
Company shall reimburse Employee on a timely basis for all ordinary and
necessary business expenses incurred in the discharge of his duties and
responsibilities under this Agreement, in line with Company policy and in
accordance with the Company’s expense approval procedures then in effect upon
presentation to the Company of an itemized account and appropriate written proof
of such expenses.

    

    3.           Term and
Termination.

    

    3.1.           Generally.  This
Agreement shall commence on the Effective Date and continue for a period of
three (3) years.  The term of this Agreement will automatically renew
for successive one (1) year terms, unless written notice is given by either
party that such party desires to terminate the
Agreement.   Notwithstanding the foregoing, this Agreement may be
terminated at any time (i) immediately by the Company for Cause pursuant to
Section 3.2; or (ii) by the Company without Cause subject to Section
3.3.

     

    3.2.           Termination by Company for
Cause.  The term Cause shall mean (i) Employee’s material
breach of this Agreement or failure or refusal to render services to the Company
in accordance with Employee’s obligations under this Agreement, provided that if
Employee’s breach, failure or refusal is capable of remedy, a written notice
within three (3) months of such breach, failure or refusal and opportunity to
cure shall be afforded Employee and, in such event, Cause shall exist if
Employee fails to cure such breach, failure or refusal within a reasonable
period of time not to exceed thirty (30) business days or if such breach,
failure or refusal is timely cured, Employee repeats such breach, failure or
refusal; (ii)  negligence in the performance of Employee’s duties
which results in or could reasonably be expected to injure the Company in any
material respect, (iii) excessive absenteeism, willful misconduct or repeated
insubordination or failure to perform duties reasonably requested of him by the
Board of Directors of the Company, (iv) the commission by Employee of an act of
fraud or embezzlement against the Company or the commission by Employee of any
other bad faith action which can be reasonably anticipated to injure the
Company;  (v) an act of moral turpitude by Employee; or (vi)
Employee’s having been convicted of , or pleading  nolo contendere to, a felony
(other than traffic offenses which do not bring Employee or the Company into
disgrace or disrepute).  For purposes of this Section 3.2, the term
“Company” shall include the Company and its subsidiaries and
affiliates.  Employee acknowledges that the events described in
Sections 3.2(ii) through (vi) shall be deemed incapable of remedy.

     

    
      
         

      

      
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    3.3           Severance.

     

    (a)           In
addition to any accrued but unpaid base salary and bonus earned through the date
of termination of employment, which shall be payable to Employee regardless of
the reasons for such termination, if Employee’s employment under this Agreement
is terminated by the Company for other than Cause, then Employee shall be
entitled to receive his salary until the scheduled expiration of this Agreement;
provided, however, that during such time Employee shall seek other employment
(the "Severance Benefit").

     

    

    (b)          Notwithstanding
anything in this Agreement to the contrary, Employee shall not be entitled to
any of the Severance Benefit described herein if (i) in the event of a Change of
Control (A) Employee is offered Comparable Employment by a Successor Company (as
defined below); or (B) Employee accepts employment with a Successor Company
(other than transition services that may be requested of Employee by the
Successor Company), regardless of whether that employment constitutes Comparable
Employment or (ii) if Employee accepts employment with another company on
comparable terms following termination for other than Cause.  The term
“Successor Company” means, upon a Change of Control, a successor to the Company
as a result of the acquisition of securities, a merger, liquidation,
reorganization, consolidation or sale of assets of the Company, or otherwise a
successor to the Company as a result of the Change of
Control.  Severance benefits shall be payable only upon Employee’s
termination of employment with the Company as provided herein.  In no
event shall the Company have any liability for severance with respect to
Employee’s termination of employment with a Successor Company. For purposes
of this Agreement, "Comparable Employment" shall mean an offer to continue this
Agreement for the remaining term, or an offer for a new contract incorporating
substantially all of the terms of this Agreement as they would apply as of the
date of the closing of a transaction which constitutes a Change of Control,
including, at least, Employee’s then current base salary, formula bonus,
perquisites and benefits.

    

    (c)           The
Company shall have the option of paying any payment under this Section 3.3
either in accordance with the Company's then-current payroll practices or in a
lump sum.  If the Company elects to pay in accordance with the
Company's then-current payroll practice, the Company will continue to pay its
share of the Employee's group health coverage for the period during which
payments are made, consistent with the terms of the applicable group health
coverage plan(s). If the Company elects to make a lump sum payment, Employee
will be responsible for the costs associated with any continuation of group
health coverage, including COBRA.  In the event of Employee's death,
payment under this Section shall be made by lump sum.

    

    3.4.           Definition of Change of
Control.  A “Change of Control” with respect to the Company
shall be deemed to have occurred at the time of the earliest to occur of the
following:

    

    (a)          
 any “person” as such term is used in Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (“Exchange Act”) (other than the
Company, any trustee or other fiduciary holding securities under an employee
benefit plan of the Company, or any company owned, directly or indirectly, by
the share owners of the Company in substantially the same proportions as their
ownership of stock of the Company) is or becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Exchange Act), directly or indirectly (through a
plan of reorganization or otherwise), of securities of the Company representing
50% or more of the combined voting power of the Company’s then outstanding
securities;

    

    (b)           the
share owners of the Company approve (or, if share owner approval is not
required, the consummation of) a merger or consolidation of the Company with any
other company, other than (1) a merger or consolidation which would result in
the voting securities of the Company outstanding immediately prior thereto
continuing to represent (either by remaining outstanding or by being converted
into voting securities of the surviving entity) more than 50% of the combined
voting power of the voting securities of the company or such surviving entity
outstanding immediately after such merger or consolidation, or (2) a merger or
consolidation effected to implement a recapitalization of the Company (or
similar transaction) in which no “person” (as defined in (a) above) acquires
more than 50% of the combined voting power of the Company’s then outstanding
securities; or

     

    (c)         
  the share owners of the Company approve (or, if share owner approval is
not required, the consummation of) a plan of liquidation of the Company or a
sale or disposition by the Company of all or substantially all of the Company’s
assets; or

    

    (d)           
the Company lists its shares on any publicly listed exchange.

     

    
      
         

      

      
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    4.           Covenant Not to
Compete.

     

    (a)           In
consideration of the payments to Employee described in Section 4(e) below, in
the event this Agreement is terminated (for reasons other than the expiration of
its term) the Employee agrees, for a period of 18 months (the “Restricted
Period”) not to, without the prior written consent of the Board of Directors of
the Company, for whatever reason, own, manage, control, operate, invest or
acquire an interest in, become employed by, interested in, associated with, or
otherwise engaged in, or act on behalf of any trade or business that is in
“Competition” (as defined below) with the business conducted by the Company in
the United States.

     

    (b)           The
trades, businesses or activities that are or would be in “Competition” with the
business of the Company include, but are not limited to: (1) the direct or
indirect ownership of or other participation in the design, manufacture, sale or
distribution of mobile security USB devices; (2) employment or other engagement
in a management or consulting position that includes responsibility for
oversight of the design, manufacture, sale or distribution of mobile security
USB devices.

     

    (c)           Nothing
in the preceding Sections 4(a) or (b) shall be construed to preclude Employee
from being employed by a competitor of the Company in a position not involving
any direct or indirect services by Employee by, for or on behalf of any
division, unit or enterprise which is engaged in competitive activities with the
business of the Company.  Without limiting the generality of the
foregoing, for the avoidance of doubt, the Parties agree that Sections 4(a), (b)
and (c) preclude Employee, during the Restricted Period, from participating in
the design, production, sale, licensing or distribution of products or product
distribution systems that are competitive with the business of the
Company.

     

    (d)           It
is specifically agreed and understood that because of the nature of the
business, the duration and geographic scope of the covenants set forth in this
Section 4 (the “Restrictive Covenants”) are reasonable.  However, in
furtherance of the provisions of this Section 4 and subsections hereunder, the
Parties agree that in the event a court should decline to enforce all of the
Restrictive Covenants, or any part thereof, the other Restrictive Covenants and
the remainder of any of the Restrictive Covenants so impaired shall not thereby
be affected and shall be given full effect, without regard to the invalid
portions.  If any court determines that any of the Restrictive
Covenants or any parts thereof are unenforceable because of the duration or
scope thereof, such court shall have the power to reduce the duration or scope,
as the case may be and such Restrictive Covenants shall then be enforceable in
their reduced form.

     

    5.           Nonsolicitation.

     

    (a)           During
the Restricted Period, Employee will not, directly or indirectly (i) employ or
retain, or arrange to have any other person or entity recruit, solicit, employ
or retain, any person who was employed or retained by the Company as an
employee, consultant or agent at any time during Employee’s employment with the
Company; or (ii) influence or attempt to influence any such person to terminate
or modify his/her employment arrangement or other relationship with the
Company.

     

    (b)           During
the Restricted Period, Employee will not advertise or otherwise promote any
business (or any corporation, firm or enterprise carrying on business) in
Competition with the Company.

     

    (c)           During
the Restricted Period, Employee will not, directly or indirectly, solicit,
divert or take away, or attempt to divert or take away, the business or
patronage of any of the clients, customers or accounts, or prospective clients,
customers or accounts, of the Company.

     

    
      
         

      

      
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    6.           Confidentiality.

     

    (a)           Employee
recognizes that as an employee of the Company, he will occupy a position of
trust with respect to “Confidential Information.”  The “Confidential
Information” protected by this Section 6 and subsections hereunder means all
business information of any nature or in any form not generally known (at the
time concerned) to persons engaged in business similar to the business conducted
or contemplated by the Company (other that by the act or acts of a person not
authorized by the Company to disclose such information) and which relates to any
aspect of the present or past business of the Company, its affiliates or any of
their predecessors or any of their future plans and
strategies.  Confidential information includes, but is not limited to
policies, processes, products, reports, analyses, memoranda, component lists,
developments, projects, distribution systems, work processes, known-how and
other facts relating to sales, advertising, promotions, financial matters,
pricing policies and price lists, customers, customer lists, potential
purchasers and sellers, customer’s purchases or requirements, information
systems, corporate policies and other trade secrets.   The
Company acknowledges and agrees that prior to the Effective Date and during the
term of this Agreement, Employee will establish business contacts and
relationships with customers, purchasers, sellers or potential customers,
purchasers or sellers (collectively, "Employee Contacts").  Nothing in
this Section 6 shall be deemed to restrict Employee's ability to utilize
Employee's Contacts subsequent to the termination of this Agreement in a manner
that does not violate the provisions of Section 4 or Section 5 of this
Agreement.

     

    (b)           While
Employee is employed by the Company and at all times following the termination
of his employment, the Employee will keep all Confidential Information in
strictest confidence.   Furthermore, without the prior written
consent of the Company, unless otherwise required in the performance of his
duties hereunder or ordered by any court of law, Employee will not divulge
Confidential Information to any third party or use it for the benefit of himself
or any third party or for any purpose other than the exclusive benefit of the
Company or its affiliates.

     

    (c)           Upon
the termination of Employee’s employment for any reason, Employee, at the
expense of the Company, will promptly return all Confidential Information to the
Company.  The material to be returned includes, but is not limited to
any and all copies of the records, materials, memoranda and other data
constituting or pertaining to the Confidential Information that were prepared by
the Company, Employee or any other person.

     

    (d)           Employee
agrees that following any termination or cessation of his employment by the
Company, Employee shall not disclose or cause to be disclosed any negative,
adverse or derogatory comments or information about the Company of its
management or about any product or service provided by the Company, or about the
Company’s prospects for the future (including any such comments or information
with respect to affiliates of the Company) provided, however,
that nothing in this Section 6 and subsections thereunder shall be construed to
limit Employee’s ability to enforce his rights under this Agreement or to
contest  any claim made against Employee under this
Agreement.  The Company and/or any of its subsidiaries and affiliates
may seek the assistance, cooperation or testimony of Employee following any such
termination in connection with any investigation, litigation or proceeding
arising out of matters within the knowledge of Employee and related to
Employee’s position as an officer or employee of the Company, and in such
instance, Employee shall provide such assistance, cooperation or testimony, and
the Company shall pay the Employee’s reasonable costs in connection
therewith.

    

    7.           Consent to Insurance
Procedures.  Employee agrees that the Company may apply for and
take out in its own name and at its own expense such “key person” life insurance
upon Employee as the Company may deem necessary or advisable to protect its
purpose, provided Employee is given sufficient notice, and to reasonably assist
and reasonably cooperate with the Company in procuring such
insurance.  Employee agrees that he shall have no right, title or
interest in and to such insurance; provided, in the event the Company no longer
desires to maintain an insurance policy insuring the life of Employee, the
Company shall give Employee a minimum of 60 days written notice prior to the
lapse of such policy.  Subject to Employee’s assuming the premium
charges associated with the policy, the Company shall cause such policy to be
transferred to Employee if it shall have received notification from Employee
within 15 days prior to the lapse of such policy that Employee desires to have
the policy so transferred.  Company agrees to at all times have
sufficient Directors and Officers Liability Insurance.

    

    8.           Survival.  Notwithstanding
the termination or expiration of this Agreement pursuant to Section 3 or
otherwise, the Company’s obligations under Sections 3, 4, 5, 6 and
7  hereof shall remain in full force and effect for the periods
therein provided.

     

    
      
         

      

      
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    9.           Governing
Law.  This Agreement shall be governed by and interpreted under
the laws of the State of California, without giving effect to the principles of
conflicts of laws thereof.

    

    10.         Notices.  All
notices and other communications required or permitted hereunder or necessary or
convenient in connection herewith shall be in writing and shall be deemed to
have been given when hand-delivered, mailed by registered or certified mail
(three days after deposited), faxed (with confirmation received) or sent by a
nationally recognized courier service, as follows (provided that notice of
change of address shall be deemed given only when received):

    

    If to the
Company, to:

    

    Board of
Directors

    Priviam,
Inc.

    19200 Von
Karman Ave., Ste. 500

    Irvine,
CA 92612

    

    If to
Employee, to:

    

    Daniel
Urrea

    400 Gold
Ave. SW, Ste. 1000

    Albuquerque,
NM 87102

    

    

    or to
such other names and addresses as the Company or Employee, as the case may be,
shall designate by notice to each other person entitled to receive notices in
the manner specified in this Section.

    

    11.         Contents of
Agreement.

    

                                    11.1.       
This Agreement supersedes all prior employment agreements between the Company
and Employee excluding bonus compensation plans previously approved by the Board
of Directors of the Company or an authorized committee thereof, and sets forth
the entire understanding between the parties hereto with respect to the subject
matter hereof.  This Agreement may not be changed, modified, extended
or terminated except upon written amendment executed by Employee and the
Company.

    

    11.2.         Employee
acknowledges that from time to time the Company or its affiliates may establish,
maintain and distribute employee manuals or handbooks or personnel policy
manuals, and officers or other representatives of the Company may make written
or oral statements relating to personnel policies and
procedures.  Such manuals, handbooks and statements are intended only
for general guidance.  No policies, procedures or statements of any
nature by or on behalf of the Company (whether written or oral, and whether or
not contained in any employee manual or handbook, as the same may exist from
time to time, or personnel policy manual), and no acts or practices of any
nature, shall be construed to modify this Agreement or to create express or
implied obligations of any nature to Employee or to impose any such obligations
on Employee in conflict with or in any manner inconsistent with the provisions
of this Agreement.

    

    11.3.       
 All of the terms and provisions of this Agree­ment shall be binding
upon and inure to the benefit of and be enforceable by the respective heirs,
executors, administrators, legal representatives, successors and assigns of the
parties hereto, except that the duties and responsibilities of Employee
hereunder are of a personal nature and shall not be assignable or delegable in
whole or in part by Employee, and the Company may not transfer or convey its
rights hereunder to any third party other than an affiliate of the Company
without the prior express written consent of Employee except as provided herein,
which consent shall not be unreasonably withheld.

    

    11.4.        The
language of this Agreement shall be construed in accordance with its fair
meaning and not for or against any party.  The parties acknowledge
that each party and its counsel have reviewed and had the opportunity to
participate in the drafting of this Agreement and, accordingly, that the rule of
construction that would resolve ambiguities in favor of non-drafting parties
shall not apply to the interpretation of this Agreement or any portion of this
Agreement.

     

    
      
         

      

      
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    12.      
  Severability. If any
provision of this Agreement or application thereof to any person or circumstance
is held invalid or unenforceable in any jurisdiction, the remainder of this
Agreement, and the application of such provision to such person or circumstances
in any jurisdiction, shall not be affected thereby, and to this end the
provisions of this Agreement shall be severable.

    

    13.         Arbitration. In the
event of any controversy, dispute or claim arising out of or related to this
Agreement or Employee’s employment by the Company, the parties shall negotiate
in good faith in an attempt to reach a mutually acceptable settlement of such
dispute.  If negotiations in good faith do not result in a settlement
of any such controversy, dispute or claim, it shall be finally resolved by
expedited binding arbitration, conducted in Los Angeles, California, in
accordance with the National Rules of the American Arbitration Association
governing employment disputes.  Nothing is this Section 13 shall be
deemed to limit, compromise or affect the Company’s right to seek and/or obtain
appropriate injunctive and/or other equitable relief from a court of competent
jurisdiction.

    

    14.         Remedies Cumulative; No
Waiver.  No remedy conferred upon the Company or Employee by
this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other
remedy given hereunder or now or hereafter existing at law or in
equity.  Except as specifically provided in this Agreement, no delay
or omission by the Company in exercising any right, remedy or power hereunder or
existing at law or in equity shall be construed as a waiver thereof, and any
such right, remedy or power may be exercised by the Company from time to time
and as often as may be deemed expedient or necessary by the Company in its sole
discretion.

    

    15.         Power and
Authority.  The Company represents that it has the power and
authority to enter into this Agreement.

    

    16.         Withholding.  All
payments under this Agreement shall be made subject to applicable tax
withholding, and the Company shall withhold from all payments under this
Agreement all federal, state and local taxes that the Company is required to
withhold pursuant to any law or governmental rule or regulation.

    

    17.         Miscellaneous.  All
section headings are for convenience only.  This Agreement may be
executed in several counterparts, each of which is an original.

    

    

    
      
         

      

      
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    IN
WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed
this Employment Agreement as of the date set forth above.

    

    

    PRIVIAM,
INC.

    

    

    

    By:/s/ Louis Jack
Mussetti

         Louis
Jack Musetti, President & CEO

    

    

    EMPLOYEE

    

    

    By:/s/ Daniel
Urrea

          Daniel
Urrea

     

     

     

     

     

     

     

    8abds_8k-ex1001.htm

    Exhibit
10.1

    

    SERVICES
AGREEMENT

     

    THIS
SERVICES AGREEMENT (this "Agreement"), dated
and executed as of November 13, 2008, is made by and between Allegro Biodiesel
Corporation ("ABDS" or the "Company") and Ocean
Park Advisors, LLC, a California limited liability company (“OPA”).

     

    RECITALS

     

    WHEREAS,
the Company is monetizing non-operating assets and seeking a strategic
transaction.

     

    AGREEMENT

     

    NOW,
THEREFORE, in consideration of the premises and covenants set forth herein, and
intending to be legally bound hereby, the parties to this Agreement hereby agree
as follows:

     

    1.           Effectiveness of the
Agreement.  This Agreement shall become effective as of
November 1, 2008.

     

    2.           Engagement. The
Company hereby engages OPA to perform management services for the benefit of the
Company on the terms and conditions set forth in this Agreement. The Company is
hereby obtaining from OPA the services set forth on Schedule 1 (the
“Management
Services”).

     

    3.           Duties.

     

    (a)           The
provision of Management Services by OPA shall be subject to ABDS’ Charter,
Bylaws (including without limitation the provision that the business and affairs
of ABDS shall be managed by its Board of Directors (the "Board")) and other
governing documents, including committee charters, as well as applicable laws
and regulations, including the regulations of any securities exchange on which
ABDS' securities are listed or traded.

     

    (b)           During
the Term, OPA shall be entitled to nominate two directors to the Board (the
“OPA
Directors”).  If any OPA Director is not elected to the Board
or for any reason is not serving as an ABDS director during the Term, then OPA
shall have the right to nominate another person to serve as a director of
ABDS.  As of the date of this Agreement, Comer serves as a Director of
ABDS.

     

    (c)           OPA
shall cause its representative to furnish such time at such locations as are
reasonably necessary to perform the Management
Services.  Consequently, it is hereby understood and agreed that no
individual person is required to devote a majority of his full time to this
engagement.  In furtherance of the foregoing, ABDS shall include the
OPA nominees in any proxy statement relating to the election of
directors.  If for any reason the OPA nominees are not elected to the
Board, the Board shall create a vacancy on the Board and appoint the OPA
directors to fill such vacancies in accordance with the bylaws of the
Company.

     

    (d)           In
undertaking to provide the services set forth herein, none of OPA or any other
person or entity guarantees or otherwise provides any assurances that their
efforts to build the Company's operational and financial health and stability
will be successful and, except for the amount referenced in Section 5(b), ABDS'
obligation to provide the compensation specified under Section 5 hereof
shall not be conditioned upon any particular results being
obtained.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.           Term.

     

    (a)           The
initial term of OPA's engagement hereunder (the “Term”) shall be for
one year commencing on the date of the Closing.  The Term shall
continue thereafter on a month-to-month basis unless terminated by either party
upon 60 days’ advance written notice.

     

    (b)           ABDS
shall have the right to terminate the Management Services, effective upon 60
days advance written notice, if Comer, as contemplated by the terms of Schedule 1, is not
actively engaged in the provision of Management Services whether due to death,
disability or by reason of a material breach of this Agreement by
OPA.

     

    5.           Compensation. The
following compensation shall be payable to OPA for provision of the Management
Services by OPA:

     

    (a)           Base
Fee.  ABDS shall pay OPA a monthly fee (the “Base Fee”) of
$18,000, pro-rated for partial months and payable in advance no later than the
first day of every month during the Term.

     

    (b)           Bonus
Fees.  ABDS shall pay to OPA the following
bonuses (collectively, the “Bonus
Fees”).

     

    (i)           $30,000
upon the receipt of any net cash award (“Cash Award”) disbursed to ABDS in
connection with its claims against the escrow account that was established in
connection with ABDS’ acquisition of Vanguard Synfuels, LLC (the “Escrow
Account”), payable as follows:  (a) $15,000 immediately upon receipt
of the Cash Award by ABDS; and (b) an additional $15,000 if, and only if, the
sum of such additional $15,000 plus the amount
payable to OPA pursuant to Section 6(a) does not exceed the payment cap
established pursuant to the second sentence of such Section; provided that, such
cap will not apply if the Cash Award exceeds $600,000.

     

    (ii)           $15,000
upon the completion of the sale of ABDS’ entire interest in Community Power
Corporation (“CPC”), payable as follows:  (a) $7,500 immediately upon
the completion of such sale; and (b) an additional $7,500 if, and only if, the
sum of such additional $7,500 plus the amount
payable to OPA pursuant to Section 6(b) does not exceed the payment cap
established pursuant to the second sentence of such
Section.  Notwithstanding anything to the contrary contained in this
subparagraph, the amounts due to OPA hereunder and under Section 6(b) shall be
paid to OPA if the Board of Directors of ABDS determines that it is in the best
interests of ABDS to retain a portion of its interest in CPC.

     

    (iii)           $15,000
immediately upon the closing of a strategic transaction involving
ABDS.

     

    (c)           Expenses.   OPA
shall reimburse $1,320 per month to ABDS for shared use of office space occupied
by OPA.  In addition, OPA shall reimburse 60% of shared expenses
related to such office space to ABDS.  These items shall include:
telecom expenses, office supplies, parking, information technology support and
maintenance for capital equipment, etc.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d)           Other
Benefits.  Comer and other persons performing Management
Services shall also be entitled to coverage for services rendered to the Company
while they serve as directors or officers of the Company under director and
officer liability insurance policy(ies) maintained by the Company from time to
time.  No person rendering Management Services on behalf of OPA shall
be entitled to receive other benefits (including, without limitation, employee
welfare benefits) by virtue of this Agreement.

     

    (e)           Milestone
Tails.  In the event this Agreement expires or is terminated by
ABDS for a reason other than “Cause” (as defined herein) and (i) ABDS completes
one or more of the milestones set forth in Section 6 (a), (b) or (c) (the
“Milestones”) within two (2) years of the expiration or termination date, or
(ii) the Board of Directors of ABDS fails to use good faith reasonable efforts
to complete one or more of the Milestones within two (2) years of the
termination date, OPA shall be entitled to receive payment of the amount(s) that
would have been payable to it for the applicable Milestone(s) as provided in
Sections 5 and 6.  The term “Cause” means (i) a breach of this
Agreement by OPA which is not cured within applicable cure periods; (ii) gross
negligence by OPA or its employees in the performance of its services hereunder;
or (iii) a breach of the duty of loyalty by any employee of OPA who is acting as
an officer or director of ABDS pursuant to this Agreement.

     

    6.           Accrued Amounts Owed to OPA;
Milestones.  The parties agree that, as of November 1, 2008,
Allegro owes OPA $384,399.06 in accrued fees (“Accrued Fees”) payable pursuant
to the 2006 Services Agreement (as defined in Section 20).  OPA hereby
waives $184,399.06 of the Accrued Fees.  Allegro agrees to pay OPA the
balance of the Accrued Fees, equaling $200,000 (the “Balance of Accrued Fees”),
as follows:

     

    (a)           $135,000
upon the receipt of any Cash Award by ABDS; provided that the sum
of the amount of such payment, plus the $15,000
amount payable to OPA pursuant to subparagraph (b)(i)(b) of Section 5, may not
exceed 15% of the Cash Award (the “Cash Award Payment Cap”), and if it does
exceed such Cap, such amount will be reduced to the amount of such
Cap.  Notwithstanding the foregoing, the Cash Award Payment Cap will
not apply if the Cash Award exceeds $600,000.00.

     

    (b)           If
Allegro’s entire interest in CPC is sold (a “CPC Sale”) after ABDS’ receipt of
the Cash Award, OPA will receive $32,500 immediately upon the completion of the
CPC Sale; provided
that, the sum of such amount plus the $7,500
payable to OPA pursuant to subparagraph (b)(ii)(b) of Section 5 may not exceed
15% of the cash portion, if any, of the CPC Sale (the “CPC Payment Cap”), and if
it does exceed such Cap, such amount shall be reduced to the amount of the
Cap.  If Allegro’s entire interest in CPC is sold prior to ABDS’
receipt of the Cash Award, OPA will receive $16,750 immediately upon the
completion of the CPC Sale and $16,750 upon ABDS’ receipt, if ever, of the Cash
Award; provided
that, the sum of the aggregate amount of $32,500 payable to OPA pursuant
to this sentence plus the $7,500
payable pursuant to subparagraph (b)(ii)(b) of Section 5 may not exceed the CPC
Payment Cap, and if it does exceed such Cap, such amount shall be reduced to the
amount of such Cap.

     

    (c)           $32,500
immediately upon the closing of a strategic transaction involving
ABDS.

     

    (d)           OPA
will make bi-weekly reports to the independent director(s) of ABDS, in form and
substance reasonably satisfactory to the parties, regarding the steps being
taken by OPA to achieve the Milestones.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (e)           The
parties agree that the failure to achieve a Milestone by OPA or ABDS will have
no effect on OPA’s right to receive payment of the portion of the Balance of the
Accrued Fees which relates to such Milestone.  OPA will be entitled to
receive payment of such portion at such time, if ever, that ABDS pays other
creditors of ABDS, such payment to be made on a pari passu basis with such
creditors.

     

    7.           Representations and
Warranties.  Each party represents and warrants to the other
party as follows:

     

    (a)           It
is a legal entity duly organized and validly existing under the laws of the
jurisdiction in which it was organized and has all requisite corporate power to
enter into this Agreement.

     

    (b)           Neither
the execution and delivery of this Agreement nor the consummation of the
transactions contemplated herein nor compliance by it with any of the provisions
hereof will: (i) violate any order, writ, injunction, decree, law, statute, rule
or regulation applicable to it or (ii) require the consent, approval, permission
or other authorization of, or qualification or filing with or notice to, any
court, arbitrator or other tribunal or any governmental, administrative,
regulatory or self-regulatory agency or any other third party.

     

    (c)           This
Agreement has been duly authorized, executed and delivered by it and constitutes
its legal, valid and binding agreement.

     

    8.           Indemnification.

     

    (a)           The
Company shall indemnify and hold OPA, its principals, officers, shareholders,
employees and agents harmless from and against any and all liability, demands,
claims, actions, losses, interest, costs of defense and expenses (including,
without limitation, reasonable attorneys’ fees) which arise out of or in
connection with the acceptance of this Agreement and the performance of its
duties hereunder except such acts or omissions as may result from the willful
misconduct or gross negligence of OPA.  Promptly after receipt by OPA
of notice of any demand or claim or the commencement of any action, suit or
proceeding relating to this Agreement, OPA shall promptly notify the Company in
writing.  IT IS EXPRESSLY THE INTENT OF THE COMPANY TO INDEMNIFY OPA
AND ITS DIRECTORS, OFFICERS, SHAREHOLDERS, MEMBERS AND EMPLOYEES AND AGENTS FROM
ERRORS IN JUDGMENT OR OTHER ACTS OR OMISSIONS NOT AMOUNTING TO WILFULL
MISCONDUCT OR GROSS NEGLIGENCE.

     

    (b)           The
parties acknowledge that Comer has entered into Indemnification Agreements with
ABDS dated as of August 4, 2006, in connection with their service as officers
and directors of ABDS (the “Indemnification
Agreements”).  Further, ABDS shall, upon the execution and
delivery of this Agreement, enter into an indemnification agreement with OPA for
the benefit of OPA and all persons employed by OPA who render Management
Services on substantially similar terms as the Indemnification
Agreements.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.           Insurance.

     

    (a)           ABDS
has furnished to OPA a true, correct and complete copy of the following:
Directors and Officers Go Forward Policy underwritten by National Union Fire
Insurance Company of Pittsburgh, PA, Directors and Officers Runoff Policy
underwritten by National Union Fire Insurance Company of Pittsburgh, PA and
Commercial Liability Insurance underwritten by Markel International Inc. Co.,
LTD.  (collectively, the "Policies" or
individually referred to as a "Policy") issued to
ABDS by various insurers as set forth herein (collectively, the "Insurer"). ABDS
represents that, to the best of ABDS’ knowledge, the Policies are in full force
and effect and that no event has occurred that constitutes or, with the passage
of time or giving of notice would constitute, an event of default thereunder or
that would otherwise give the Insurer any right to cancel such Policies.
Promptly after OPA’s written request, ABDS shall notify the Insurer of the
appointment of any person performing Management Services who becomes an officer
of ABDS. ABDS shall cause its insurance broker to send copies of all
documentation and other communications regarding the Policies, including without
limitation any renewal or cancellation thereof, to the attention of OPA, in the
manner set forth herein, and OPA, Comer, and any person performing Management
Services who becomes an officer of ABDS shall have all indemnities available to
the officers of ABDS pursuant to ABDS’ Charter and Bylaws. As long as the same
can be done at a commercially reasonable cost, during the term of this
Agreement, ABDS shall maintain directors and officers liability insurance
coverage, employment practices insurance coverage and fiduciary liability
insurance coverage comparable as to terms (including without limitation the
provisions or any similar provision regarding extension of the discovery period
thereunder) and amounts not lower than those provided under the Policies, with
any such replacement coverage being obtained from an insurer with a rating from
a nationally recognized rating agency not lower than that of the Insurer
presently providing such coverage. Upon any cancellation or non-renewal of any
Policies by any Insurer, as long as the same can be done at a commercially
reasonable cost, ABDS shall exercise its rights under the applicable clause of
the relevant Policy to extend the claim period for a one-year "discovery period"
and shall exercise such rights and pay the premium required thereunder within
the 30-day period specified therein. ABDS shall use commercially reasonable
efforts, in connection with the next renewal of each Policy, to negotiate to
obtain an option to extend the discovery period set forth in such Policies from
one to three years, as long as the same can be obtained at a commercially
reasonable cost.

     

    (b)           If
a Change of Control (as defined below) occurs after the date hereof with respect
to the Company within six years of the later of (i) the termination of the Term
or (ii) the date that Comer ceases to serve as officer or director of the
Company (such later date, the “Termination Date”),
then the Company shall purchase a “tail” directors and officers liability
coverage policy that shall name Comer as additional named
insured.  The maximum coverage amount of such policy shall be
appropriate for a Company of the type and size of the Company or the date the
policy is purchased, but in any event, not less than $10 million.  The
term of the policy shall be not less than six years less the period of time
lapsed since the Termination Date. “Change in Control”
shall mean the first to occur of any of the following events:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
      	
               
      

            	
              (i)

            	
              A
      transaction or series of transactions (other than an offering of equity
      securities by the Company) whereby any “person” or related “group” of
      “persons” (as such terms are used in Sections 13(d) and 14(d)(2) of the
      Securities Exchange Act of 1934, as amended (the “Exchange Act”))
      (other than the Company, any of its subsidiaries, an employee benefit plan
      maintained by the Company or any of its subsidiaries or a “person” that,
      prior to such transaction, directly or indirectly controls, is controlled
      by, or is under common control with, the Company) directly or indirectly
      acquires beneficial ownership (within the meaning of Rule 13d-3 under the
      Exchange Act) of securities of the Company possessing more than 50% of the
      total combined voting power of the Company’s securities outstanding
      immediately after such acquisition;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              During
      any twelve-month period, individuals who, at the beginning of such period,
      constitute the Board together with any new director(s) (other than a
      director designated by a person who shall have entered into an agreement
      with the Company to effect a transaction described in Section 5(i)(ii)(A)
      or Section 5(i)(ii)(C)) whose election by the Board or nomination for
      election by the Company’s stockholders was approved by a vote of at least
      a majority of the directors then still in office who either were directors
      at the beginning of the twelve-month period or whose election or
      nomination for election was previously so approved, cease for any reason
      to constitute a majority thereof; or

            

    

     

    
      	
               
      

            	
              (iii)

            	
              The
      consummation by the Company (whether directly involving the Company or
      indirectly involving the Company through one or more intermediaries) of
      (x) a merger, consolidation, reorganization, or business combination or
      (y) a sale or other disposition of all or substantially all of the
      Company’s assets in any single transaction or series of related
      transactions or (z) the acquisition of assets or stock of another entity,
      in each case other than a transaction that results in the Company’s voting
      securities outstanding immediately before the transaction continuing to
      represent (either by remaining outstanding or by being converted into
      voting securities of the Company or the person that, as a result of the
      transaction, controls, directly or indirectly, the Company or owns,
      directly or indirectly, all or substantially all of the Company’s assets
      or otherwise succeeds to the business of the Company (the Company or such
      person, the “Successor
      Entity”)) directly or indirectly, at least a majority of the
      combined voting power of the Successor Entity’s outstanding voting
      securities immediately after the
transaction.

            

    

     

    10.           Limitations on
Liability. The Company agrees that OPA and its personnel will not be
liable to the Company for any claims, liabilities, or expenses relating to this
engagement in excess of the fees paid by them to OPA pursuant to this Agreement,
unless there is a final, nonappealable order of a Court of competent
jurisdiction finding OPA or its personnel performing Management Services liable
for gross negligence or willful misconduct.  In no event will OPA or
any person or entity, or their personnel be liable for consequential, special,
indirect, incidental, punitive or exemplary loss, damages or expenses relating
to the provision of Management Services. These limitations on liability
provisions extend to the employees, representatives, agents and counsel of OPA.
The limitation on liability contained in this Agreement and the indemnification
agreements referenced in Section 7 shall
survive the completion or termination of this Agreement.

     

    11.           Independent Contractor;
Taxes. The parties intend that OPA shall render services hereunder as an
independent contractor, and nothing herein shall be construed to be inconsistent
with this relationship or status.  OPA and any person providing
Management Services shall be solely responsible for any tax consequences by
reason of this Agreement and the relationship established hereunder, and the
Company shall not be responsible for the payment of any federal, state or local
taxes or contributions imposed under any employment insurance, social security,
income tax or other tax law or regulation with respect to OPA’s performance of
management services hereunder. Notwithstanding anything in this Agreement to the
contrary, the Company shall be entitled to effect any withholding from any
amount payable by it pursuant to this Agreement to the extent required by
law.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    12.           Jurisdiction. Each of
OPA and the Company hereby irrevocably and unconditionally (a) submits for
itself and its property in any legal action or proceeding relating to this
Agreement, to the non-exclusive general jurisdiction of the State of California,
the Courts of the United States of America for the Central District of
California located in Los Angeles County, California, and appellate courts from
any thereof; (b) consents that any such action or proceeding may be brought in
such courts and waives any objection that it may now or hereafter have to the
venue of any such action or proceeding in any such court or that such action or
proceeding was brought in an inconvenient court and agrees not to plead or claim
the same; (c) agrees that service of process in any such action or proceeding
may be effected in any manner permitted by law and agrees that nothing herein
shall affect the right to effect service of process in any manner permitted by
law or shall limit the right to sue in any other jurisdiction; and (d) waives,
to the maximum extent not prohibited by law, any right it may have to claim or
recover in any legal action or proceeding referred to in this subsection any
special, exemplary or punitive or consequential damages.

     

    13.           Survival of
Agreement. Except as provided in this Agreement, the obligations set
forth in Sections 5,
6, 7 and 8 shall survive the expiration, termination, or supersession of
this Agreement.

     

    14.           Amendments. Any
amendment to this Agreement shall be made in writing and signed by the parties
hereto.

     

    15.           Enforceability. If
any provision of this Agreement shall be invalid or unenforceable, in whole or
in part, then such provision shall be deemed to be modified or restricted to the
extent and in the manner necessary to render the same valid and enforceable, or
shall be deemed excised from this Agreement, as the case may require, and this
Agreement shall be construed and enforced to the maximum extent permitted by law
as if such provision had been originally incorporated herein as so modified or
restricted or as if such provision had not been originally incorporated herein,
as the case may be.

     

    16.           Construction. This
Agreement shall be construed and interpreted in accordance with the internal
laws of the State of California.

     

    17.           Notices. All notices,
requests, consents and other communications hereunder to any party shall be
deemed to be sufficient if contained in a written instrument delivered in person
or duly sent by certified mail, postage prepaid or by an overnight delivery
service, charges prepaid; addressed to such party at the address set forth below
or such other address as may hereafter be designated in writing by the addressee
to the addressor:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              If to the
Company:

            	
              Allegro
      Biodiesel Corporation

              6033
      West Century Blvd., Suite 1090

              Los
      Angeles, California 90045

              Attention:  Chairman
      of the Board

               

              with
      a copy to:

              Zimmerman,
      Koomer, Connolly, Finkel & Gosselin LLP

              601
      South Figueroa Street, Suite 2610

              Los
      Angeles, CA 90017-5704

              Attention:
      Craig E. Gosselin, Esq.

               

            

    

    

    
      	
              If to OPA:

            	
              Ocean
      Park Advisors, LLC

              5710
      Crescent Park East, Suite 334

              Playa
      Vista, California 90094

              Attention:  W.
      Bruce Comer III

            

    

    

     

    Any party
may from time to time change its address for the purpose of notices to that
party by a similar notice specifying a new address, but no such change shall be
deemed to have been given until it is actually received by the party sought to
be charged with its contents.

     

    18.           Waivers. No claim or
right arising out of a breach or default under this Agreement shall be
discharged in whole or in part by a waiver of that claim or right unless the
waiver is supported by consideration and is in writing and executed by the
aggrieved party hereto or his or its duly authorized agent. A waiver by any
party hereto of a breach or default by the other party hereto of any provision
of this Agreement shall not be deemed a waiver of future compliance therewith,
and such provisions shall remain in full force and effect.

     

    19.           Counterparts. This
Agreement may be executed in several counterparts, each of which shall be deemed
an original, and all of which shall together constitute one and the same
instrument.

     

    20.           Entire Agreement;
Termination of 2006 Services Agreement.  This Agreement and the
other documents delivered pursuant hereto constitute the full and entire
understanding and agreement among the parties hereto with regard to the subjects
hereof and thereof and no party shall be liable or bound to any other in any
manner by any representations, warranties, covenants and agreements except as
specifically set forth herein and therein.  This Agreement
specifically supersedes that certain Services Agreement dated as of September
20, 2006, between OPA and Diametrics Medical, Inc. (which subsequently changed
its name to Allegro Biodiesel Corporation), as amended by that certain First
Amendment to Services Agreement (collectively, the “2006 Services
Agreement”).  The 2006 Services Agreement is hereby terminated and of
no further force or effect; provided however,
that all claims of OPA for deferred fees and bonuses under the 2006 Services
Agreement shall survive the termination thereof and shall be determined and paid
as provided in Sections 5 and 6 hereof.

     

    21.           No Third Party
Beneficiaries. This Agreement is for the sole and exclusive benefit of
the Parties hereto and nothing herein, expressed or implied, shall give or be
construed to give any person or entity, other than the parties hereto, any legal
or equitable rights hereunder.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    22.           Assignment.   Except as
specifically stated in this Agreement, neither this Agreement nor any of the
rights, interests or obligations of any party hereunder shall be assigned or
delegated by either party without the prior written consent of the other party,
not to be unreasonably withheld.  Any unauthorized assignment or
delegation shall be null and void. Notwithstanding the foregoing, OPA may assign
this Agreement to an affiliated entity for tax or organizational reasons, so
long as the Management Services and the principal individuals providing such
services shall be as contemplated herein.  Furthermore, either party
may, without the other’s consent, assign this Agreement to a present or future
affiliate, successor in a merger or similar transaction or purchaser of all or
substantially all of such party’s assets.

     

    23.           Bankruptcy.  OPA
agrees that:  (i) this Agreement will not be considered to be an
executory contract, as defined under the federal bankruptcy code (the “Code”);
(ii) if ABDS becomes a debtor under Chapter 7 of the Code or a petition for
reorganization or adjustment of debt is filed concerning ABDS under Chapters 11
or 13 of the Code, the Trustee in any such proceeding may elect to reject this
Agreement; and (iii) OPA shall not file a claim in any such proceeding as an
unsecured creditor with regard to any amounts payable to OPA after the date of
the commencement of such proceeding.

     

    IN
WITNESS WHEREOF, this Agreement has been executed by the parties as of the dates
below.

     

    ALLEGRO
BIODIESEL CORPORATION

    

    

    By:           /s/ Jeff
Lawton                               

    Name: Jeff Lawton

    Title: Director

    

    

    OCEAN
PARK ADVISORS, LLC

    

    

    By:           /s/ W. Bruce Comer
III                     

    Name: W. Bruce Comer II

    Title: Managing Partner

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Schedule
1

     

    Management
Services

     

    OPA will
provide executive management services (the “Management Services”) to the
Company, including, without limitation, fulfilling the duties typically
performed by a chief executive officer and chief financial
officer.  The Management Services shall include:

     

    
      	
               
      

            	
              ·

            	
              Managing
      the Company’s disclosure and corporate governance practices to meet the
      requirements relevant to a publicly-traded company of the Company’s stage
      of development;

            

    

     

    
      	
               
      

            	
              ·

            	
              Managing
      the day-to-day financial operations of the Company and overseeing the
      activities of the Company’s operating
units;

            

    

     

    
      	
               
      

            	
              ·

            	
              Review
      and assist in preparing the Company’s financial statements and disclosure
      filings as required by the SEC and applicable
  law;

            

    

     

    
      	
               
      

            	
              ·

            	
              Preparing
      for and holding Company board
meetings;

            

    

     

    
      	
               
      

            	
              ·

            	
              Assisting,
      as necessary, with capital-raising
efforts;

            

    

     

    
      	
               
      

            	
              ·

            	
              Assisting
      in the pursuit of business development transactions;
  and

            

    

     

    
      	
               
      

            	
              ·

            	
              Reviewing
      strategic and financing options for the
Company.

            

    

     

    It is
understood and agreed that the Management Services to be provided by OPA do not
encompass all services required to manage the Company and that the Company will
need to utilize, at the Company’s cost, additional specialists.  These
specialists may include, without limitation, legal, tax, environmental,
accounting, investor relations, website design and other advisory
persons.

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