Document:

THE
      OPTION GRANTED PURSUANT TO THIS AGREEMENT AND THE SHARES ISSUABLE UPON THE
      EXERCISE OF THIS OPTION (COLLECTIVELY, THE “SECURITIES”) HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY
      APPLICABLE STATE SECURITIES LAWS (“BLUE SKY LAWS”). ANY TRANSFER OF SUCH
      SECURITIES WILL BE INVALID UNLESS A REGISTRATION STATEMENT UNDER THE ACT AND
      AS
      REQUIRED BY BLUE SKY LAWS IS IN EFFECT AS TO SUCH TRANSFER OR IN THE OPINION
      OF
      COUNSEL SATISFACTORY TO THE COMPANY SUCH REGISTRATION IS UNNECESSARY IN ORDER
      FOR SUCH TRANSFER TO COMPLY WITH THE ACT AND BLUE SKY
      LAWS.

     

    

    G8WAVE,
      INC.

    

    2006
      STOCK OPTION AND PURCHASE PLAN:

     

    STOCK
      OPTION AGREEMENT

     

    

     

    SECTION
      1. GRANT OF OPTION.

     

    (a) Option.
      On the
      terms and conditions set forth in the 2006 Stock Option and Purchase Plan (the
      “Plan”)
      of
      G8Wave, Inc., a Delaware corporation (the “Company”),
      and
      this Stock Option Agreement (this “Agreement”),
      the
      Company grants to Les Bider (the “Optionee”)
      on
      August 1, 2006 (the “Date
      of Grant”)
      the
      option to purchase One Hundred Sixty Six Thousand Seven Hundred and Twenty
      Five
      (166,725) Shares of the Company at the exercise price of $0.10 (the
“Exercise
      Price”)
      per
      Share. This Option is intended to be an Incentive Stock Option.

     

    (b) Defined
      Terms.
      This
      Option is granted pursuant to the Plan, a copy of which is attached to this
      Agreement. The Optionee hereby acknowledges having received and reviewed, and
      understands the Plan. The provisions of the Plan are incorporated into this
      Agreement by this reference. Capitalized terms not otherwise defined in this
      Agreement are defined in Section 14 of the Plan.

     

    SECTION
      2. RIGHT TO EXERCISE.

     

    (a) Exercisability
      and Vesting.
      Subject
      to the terms and conditions set forth in this Agreement and the Plan, this
      Option shall become exercisable and vest as follows: 16.6% of the Shares
      exercisable under this Option shall vest as of the Date of Grant, an additional
      8.4% of the Shares shall vest on the sixth (6th)
      month
      anniversary of the Date of Grant, and an additional 1/12 of the remaining Shares
      shall vest on the last day of each three month period thereafter. Subject to
      the
      foregoing, this Option may be exercised for vested Shares in whole or part
      at
      any time prior to its expiration.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

     

    (b) Stockholder
      Approval.
      Any
      other provision of this Agreement notwithstanding, no portion of this Option
      shall be exercisable at any time prior to the approval of the Plan by the
      Company's stockholders.

     

    SECTION
      3. EXERCISE PROCEDURES.

     

    (a) Notice
      of Exercise; Payment.
      The
      Optionee or the Optionee's representative may exercise this Option by giving
      written notice of his or her election to exercise this Option (in substantially
      the form of Notice of Stock Option Exercise attached to this Agreement) to
      the
      Company, along with payment in cash for the full amount of the Exercise Price;
      provided,
      however, that at the time of exercise, the Company, in its sole discretion,
      may
      permit another form of payment referenced in Section
      7
      of the
      Plan.

     

    (b) Issuance
      of Shares; Escrow of Certificates.
      After
      receiving a properly completed Notice of Stock Option Exercise, the Company
      shall cause to be issued the Shares as to which this Option has been exercised,
      registered in the name of the person exercising this Option (or in the names
      of
      such person and his or her spouse as community property or as joint tenants
      with
      right of survivorship). The Optionee hereby acknowledges and agrees that the
      certificates representing the Shares issued upon exercise of this Option shall
      be held by the Company in escrow in accordance with Section 11(c) of the
      Plan.

     

    (c) Withholding
      Taxes.
      As a
      condition to the exercise of this Option, the Optionee shall make such
      arrangements as the Board of Directors may require for the satisfaction of
      any
      federal, state, local or foreign withholding tax obligations that may arise
      in
      connection with such exercise. The Optionee shall also make such arrangements
      as
      the Board of Directors may require for the satisfaction of any federal, state,
      local or foreign withholding tax obligations that may arise in connection with
      the vesting or the disposition of Shares acquired by exercising this
      Option.

     

    SECTION
      4. MISCELLANEOUS PROVISIONS.

     

    (a) Notice.
      Any
      notice required by the terms of this Agreement shall be given in writing and
      shall be deemed effective upon receipt. Such notice shall be given by personal
      delivery or by registered or certified mail, with postage and fees prepaid.
      Notice shall be addressed to the Company at its principal executive office
      and
      to the Optionee at the address that he or she most recently provided to the
      Company.

     

    (b) Entire
      Agreement.
      This
      Agreement and the Plan constitute the entire contract between the parties to
      this Agreement with regard to the subject matter of this Agreement. They
      supersede any other agreements, representations or understandings (whether
      oral
      or written and whether express or implied) which relate to the subject matter
      of
      this Agreement. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

     

    (c) Choice
      of Law.
      This
      Agreement shall be governed by, and construed in accordance with, the laws
      of
      the State of Delaware as such laws are applied to contracts entered into and
      performed in such State.

     

    [REMAINDER
      OF PAGE LEFT BLANK - SIGNATURE PAGE FOLLOWS]

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

     

    By
      the
      Optionee’s signature and the signature of the Company’s representative below,
      the Optionee and the Company agree that this Option is granted under, and
      governed by, the terms and conditions of this Agreement and the Plan, a copy
      of
      which is attached to, and made a part of, this Agreement.

    

     

    
      	
              OPTIONEE:
                

            	 	
              COMPANY:

            
	 	 	 	 	 
	
              LES
                BIDER

            	 	
              G8WAVE,
                INC.

            
	 	 	 	 	 
	
              By:
                

            	
              /s/
                Les Bider

            	 	
              By:

            	/s/
              Habib Khoury
	 	 	 	 	
              Name:
                Habib Khoury

              
                Its:
                  President

              

            

    

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

     

    Consent
      of Spouse

     

    I,
      the
      spouse of the above-named Optionee, acknowledge and agree that I have read,
      understand and am bound by the terms of this Agreement and the Plan as to any
      and all interests I may have in this Option or the Shares acquired by my spouse
      under this Option.

     

    

    
      	 	  

	 	 
	 	  

	 	
              Print
                Name

            

    

    

     

    Attachments:       
      (1)
      2006
      Stock Option and Purchase Plan

    (2)
      Form
      of Notice of Stock Option Exercise

     

     

    
      
        
        

      

      
        5Employment
      Agreement

    

    This
      Employment Agreement (the “Agreement”)
      is
      made and entered into effective as of April 2, 2007 (the “Effective
      Date”),
      by
      and between G8Wave, Inc., a Delaware corporation whose executive office is
      located at 126 Brookline Avenue, 2nd Floor, Boston, MA 02215 (the “Company”),
      and
      Habib Khoury (the “Executive”),
      an
      individual residing at P.O. Box 428, Weston, MA 02493. The Company and the
      Executive are hereinafter collectively referred to as the “Parties,”
and
      individually referred to as a “Party.”

    

    Recitals

    

    WHEREAS,
      the Company desires to hire the Executive as its President and Chief Executive
      Officer, and the Executive desires to be employed by the Company in such
      capacity, on the terms and subject to the conditions set forth in this
      Agreement.

    

    NOW,
      THEREFORE, in
      consideration of the foregoing and the mutual promises and covenants herein
      contained, and for other good and valuable consideration,
      the
      receipt and sufficiency of which are hereby acknowledged, the
      Parties, intending to be legally bound, agree as follows: 

    

    Agreement

    

    1. EMPLOYMENT.

    

    1.1 Term.
      The
      Company hereby employs the Executive as the Company’s President and Chief
      Executive Officer, and the Executive hereby accepts such employment by the
      Company, for a period commencing on the date hereof and expiring on the first
      to
      occur of (a) the termination of the Executive’s employment pursuant to
Section
      4
      hereof,
      and (b) February 28, 2010 (as such date may be extended in accordance with
      this
      Agreement, the “Expiration
      Date”).
      The
      Executive’s employment pursuant to this Agreement shall automatically renew for
      additional one (1) year periods, unless either party notifies the other party
      in
      writing of its desire not to renew the Executive’s employment under this
      Agreement at least ninety (90) days prior to the then current Expiration Date.
      The period beginning on the date hereof and ending on February 28, 2010 is
      hereinafter referred to as the “Initial
      Term.”
The
      period of time during which the Executive is employed by the Company pursuant
      to
      this Agreement, is hereinafter referred to as the “Term.”
      Furthermore, in connection with the Company’s proposed merger (the “Merger”)
      with
      and into a wholly-owned subsidiary of a public shell company (the “Parent”),
      the
      Executive will become the President and Chief Executive Officer of the
      Parent.

    

    1.2 Title.
      During
      the Term, the Executive shall have the title of President and Chief Executive
      Officer of the Company.

    

    1.3 Duties.
      During
      the Term, the Executive shall do and perform all lawful services, acts or things
      necessary or advisable to manage and conduct the business of the Company and
      which are normally associated with the position of President and Chief Executive
      Officer for similar companies, consistent with the bylaws of the Company and
      as
      required or directed by the Company’s Board of Directors (the “Board”).

     

    1.4 Policies
      and Practices.
      The
      Executive shall abide by the policies and practices established by the Company
      and its Board; provided,
      however, that in the event that this Agreement and the written policies and
      practices of the Company contain conflicting provisions, this Agreement shall
      govern.

    

    1.5 Publicity.
      The
      Company agrees to send out a press release announcing the Executive’s employment
      by the Company and he shall have the opportunity to review and comment upon
      such
      press release.

    

    
      
        2.
          LOYAL
          AND CONSCIENTIOUS PERFORMANCE; NONCOMPETITION.

      

    

    

    2.1 Loyalty.
      During
      the Term, the Executive shall (a) devote the Executive’s full business energies,
      interest, abilities and productive time (excluding vacations and other leaves
      of
      absence taken in accordance with this Agreement and the policies and procedures
      of the Company) to the business of the Company and the proper and efficient
      performance of the Executive’s duties under this Agreement, (b) use his efforts
      to promote the interests of the Company, and (c) shall report directly to the
      Board. Except as otherwise expressly provided in this Agreement, during the
      Term
      the Executive shall not engage in any other businesses or pursuits whatsoever,
      or directly or indirectly render any services of a business or commercial nature
      to any other person or entity, whether for compensation or otherwise, without
      the prior written consent of the Board. Nothing in this Agreement, however,
      will
      prevent the Executive from (i) serving as a director to other companies with
      the
      prior written approval of the Board, (ii) serving as a director or a member
      of
      networking or industry associations, or (iii) engaging in any charitable,
      political or other not-for-profit activity, provided that the activities
      described in clauses
      (i)
      through
(iii)
      do
      not
      materially interfere with the performance by the Executive of his duties under
      this Agreement. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    2.2 Covenant
      not to Compete.
      The
      Executive acknowledges that he has established, and will continue to establish,
      favorable relations with the customers, clients and accounts of the Company,
      and
      will have access to trade secrets and other proprietary information of the
      Company. Therefore, in consideration of such relations and access and the
      entering into of this Agreement by the Company, and to further protect such
      trade secrets and proprietary information, the Executive agrees that at all
      times during his employment with the Company through the six month anniversary
      of the date of termination or expiration of the Executive’s employment, the
      Executive will not, directly or indirectly, without the express written consent
      of the Board:

    

    (A) own
      or
      have any interest in, or act as an officer, director, partner, principal,
      employee, agent, representative, consultant or independent contractor of, or
      in
      any way assist in, any business which is engaged, directly or indirectly, in
      any
      business competitive with the Company in those markets and/or product lines
      and
      within those jurisdictions in which the Company competes at any time during
      the
      Term, or become associated with or render services to any person, firm,
      corporation or other entity so engaged (“Competitive
      Businesses”);
      provided,
      however, that the Executive may own without the express written consent of
      the
      Company not more than two percent (2%) of the issued and outstanding securities
      of any company or enterprise whose securities are listed on a national
      securities exchange or actively traded in the over the counter market;

    

    (B) solicit
      clients, customers or accounts of the Company for, on behalf of, or otherwise
      related to, any such Competitive Businesses or any products related thereto;
      or

     

    (C) solicit
      any person who is, or shall be, in the employ or service of the Company to
      leave
      such employ or service for employment with the Executive or an affiliate of
      the
      Executive.

    

    Notwithstanding
      the foregoing, if any court of competent jurisdiction determines that the
      covenant not to compete, or any part thereof, is unenforceable because of the
      duration of such provision or the geographic area or scope covered thereby,
      such
      court shall have the power to reduce the duration, area or scope of such
      provision to the extent necessary to make the provision enforceable and, in
      its
      reduced form, such provision shall then be enforceable and shall be enforced.
      The Company shall pay and be solely responsible for any attorney’s fees,
      expenses, costs and court or arbitration costs incurred by the Executive in
      any
      matter or dispute between the Executive and the Company which pertains to this
      Section
      2.2
      if the
      Executive prevails in the contest in whole or in part.

    

    3. COMPENSATION
      OF THE EXECUTIVE.

    

    3.1 Base
      Salary.
      During
      the Term, the Company shall pay the Executive a base salary of $280,000 per
      year
      (said amount, together with any increases as may be determined from time to
      time
      by the Board in its sole discretion, being hereinafter referred to as the
“Base
      Salary”),
      less
      payroll deductions and all required withholdings payable in regular periodic
      payments in accordance with Company policy. Such Base Salary shall be
      retroactive to March 1, 2007 and prorated for any partial year of employment
      on
      the basis of a 365-day fiscal year. 

    

    3.2 Annual
      Bonus Compensation. In
      addition to the annual Base Salary, the Executive shall be eligible to receive
      an annual performance bonus (the “Annual
      Bonus”)
      of up
      to 50% of the then current Base Salary (the “Target”).
      The
      amount of the Annual Bonus shall be determined by the Board, in its sole
      discretion, shall be based upon the Executive’s performance in meeting targets
      determined by the Board, and shall be prorated for any partial year of
      employment on the basis of a 365-day fiscal year. The Target may not be
      decreased during the Term. The Executive’s bonus shall be payable on or before
      February 1 of each year following the year in which it is earned, beginning
      in
      February 2008. The
      amount and criteria for the Annual Bonus shall be determined in writing between
      the Parties. If the Parties do not reach an agreed upon criteria for the
      Executive’s Annual Bonus, then the Executive shall be guaranteed fifty percent
      (50%) of the Target for the year in which the Annual Bonus is actually earned.
      The
      Company may require stockholder approval of any performance based compensation
      payable to the Executive under this Agreement to the extent necessary or
      advisable under applicable law or the rules of any exchange or market on which
      the Company’s shares are then listed.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.3 Increases
      in Compensation.
      Except
      as otherwise provided herein, increases to the Executive’s Base Salary and
      Annual Bonus will be subject to the sole discretion of the Board or the
      Compensation Committee thereof, if so created by the Board.

    

    3.4 Employment
      Taxes.
      All of
      the Executive’s compensation shall be subject to customary withholding taxes and
      any other employment or other taxes that are required to be collected or
      withheld by the Company under applicable law. 

    

    3.5 Benefits.
      The
      Executive shall, in accordance with Company policy and the terms of the
      applicable plan documents, be entitled to participate in any and all employee
      benefits plans, medical insurance plans, life insurance plans, disability
      insurance plans, retirement plans, 401(k), vacation plans, health insurance
      plans and any other benefit plans or arrangements which the Company may from
      time to time to have in effect for a senior executive. The Company further
      agrees that Executive shall be entitled to twenty (20) days of vacation per
      calendar year. To the extent accrued vacation time is unused in any given year,
      it may be carried over in accordance with the policies of the Company then
      in
      effect; provided,
      that
      the Executive shall not be entitled to carry over any unused vacation for a
      period exceeding two (2) years (i.e., forty (40) days).

    

    3.6 Expense
      Reimbursement. The
      Company shall reimburse the Executive for any and all reasonable business
      expenses incurred by the Executive in the performance of his duties hereunder,
      including, without limitation, those incurred in connection with business
      related travel (coach for flights less than 3 hours, business class for flights
      3 hours or more), telecommunications and entertainment, including expenses
      incurred by the Executive to become or as a member of networking or industry
      associations, so long as such expenses have been incurred for and promote the
      business of the Company. Notwithstanding the above, the Company shall not pay
      or
      reimburse the Executive for the costs of any membership fees or dues for private
      clubs, civic organizations, and similar organizations or entities, unless such
      organizations and the fees and costs associated therewith have first been
      approved in writing by the Board, in its sole discretion. As a condition to
      reimbursement under this Section
      3.6,
      the
      Executive shall furnish to the Company adequate records and other documentary
      evidence required by federal and state statutes and regulations for the
      substantiation of each expenditure. The Executive acknowledges and agrees that
      failure to furnish the required documentation may result in the Company denying
      all or part of the expense for which reimbursement is sought.

    

    3.7 Restricted
      Stock Unit Grant.
      In
      connection with the Company’s proposed Merger with and into the Parent, the
      Parent intends to adopt an employee incentive plan (the “Plan”)
      that
      will permit the Parent to grant restricted stock units (the “RSUs”)
      to
      Executive covering shares of the Parent’s Common Stock (the “Common
      Stock”).
      Each
      RSU, once vested, shall entitle the Executive to one (1) share of Common Stock.
      Promptly following the consummation of the Merger and the registration of the
      Common Stock issuable under the Plan with the Securities and Exchange Commission
      and any applicable state securities regulatory agencies (to the extent required
      for the Common Stock or RSUs to be issuable under the Plan) the Parent shall
      grant to the Executive under
      the
      Plan RSUs covering that number of shares of Parent Common Stock equal to the
      sum
      of (i) 300,000 shares (the “Initial
      Grant”),
      plus
      (ii) six percent (6%) of the outstanding shares of the Parent immediately
      following the Merger (the “Additional
      Grant”).
      The
      Initial Grant will vest immediately following the Closing of the Merger.
      Furthermore, 25% of the Additional Grant shall be fully vested on the
      5th
      month
      anniversary of the Effective Date. The balance of the Additional Grant will
      vest
      monthly in equal installments beginning on the sixth month anniversary of the
      Effective Date through the Initial Term. All shares of Common Stock underlying
      the RSUs shall be issued promptly after the RSUs have vested. The RSUs will
      be
      subject to the terms and conditions of the Plan. To the extent the Plan is
      inconsistent with the terms and conditions of this Agreement, the terms and
      conditions of this Agreement shall control. Executive’s right to receive new
      equity incentives in the future will be determined and approved by the Board
      or
      the Company’s Compensation Committee, in its sole discretion, in connection with
      ongoing executive compensation reviews. Notwithstanding anything to the contrary
      contained in this Section
      3.7
      or
      elsewhere in this Agreement, (1) the Company and the Executive each hereby
      acknowledge and agree that the terms and conditions for the Plan and the RSUs
      may differ from those set forth above in order for the Plan or the RSUs to
      qualify for certain beneficial tax or accounting treatment for the Company
      or
      the Executive, and the Parties hereby consent to such changes to the extent
      necessary to achieve such tax or accounting treatment, (2) in the event that
      the
      Merger is not consummated by the sixth month anniversary of this Agreement,
      the
      Parties shall work together in good faith to provide the Executive with an
      equity grant (e.g., options, restricted stock, vesting schedule, etc.) that
      provides the Executive with substantially the same benefits intended to be
      provided to the Executive under this Section
      3.7,
      and (3)
      nothing in this Section
      3.7
      or
      elsewhere in this Agreement shall require the Company to issue RSUs or Common
      Stock in violation of applicable law or the rules or regulations of any
      exchange, market, or self-regulating body.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    3.8 Change
      of Control. For
      purposes of this agreement, “Change
      of Control”
shall
      mean, (i) a sale, lease of other disposition of all or substantially all of
      the
      assets of the Company (which shall mean the business assets responsible for
      85%
      or more of the revenues of the Company), or (ii) any consolidation or merger
      of
      the Company or a subsidiary of the Company with or into any other corporation
      or
      other entity or person, or any other corporate reorganization, in which, and
      as
      a result of which, the stockholders of the Company immediately prior to such
      consolidation, merger or reorganization, own less than a majority of the
      Company’s voting power immediately after such consolidation, merger or
      reorganization, or any transaction or series of related transactions in which
      in
      which, and as a result of which, the stockholders of the Company immediately
      prior to such transaction or series of related transactions own less than a
      majority of the Company’s voting power after such transaction or series of
      related transactions. In the event of Change of Control during the Term, the
      Executive shall be entitled to (1) 100% vesting acceleration of all the
      Executive’s RSUs and, subject to the last sentence of Section
      3.7,
      prompt
      issuance of the Common Stock underlying such RSUs, and (2) a severance payment
      equal to 12 months of the Base Salary and the Annual Bonus at the Target amount;
      provided,
      that if
      the person or entity that acquires the Company or its assets as part of the
      Change of Control requests that the Executive continue as an employee of the
      Company (or its successor) on substantially the terms set forth herein, the
      Company’s obligation to pay the severance payment set forth in clause
      (2)
      above
      shall be conditioned on the Executive agreeing to continue such employment
      for a
      period of ninety 90 days from the date of the Change of Control, or such lesser
      period of time as the Person or Group shall request.

    

    4. TERMINATION.
      

    

    4.1 Termination
      of Employment and Compensation Upon Termination.

    

    4.1.1 Death
      or Disability.
      The
      Executive’s employment with the Company shall terminate effective upon the date
      of the Executive’s death or “Complete Disability” (as defined in Section
      4.2.1).
      If the
      Executive’s employment shall be terminated by death or Complete Disability, the
      Company shall pay to the Executive or the Executive’s estate (i) the Executive’s
      accrued Base Salary, (ii) the Executive’s accrued and unused vacation benefits,
      (iii) any of the Executive’s incentive compensation, including his Annual Bonus,
      earned through the date of termination, in each case, subject to required
      deductions and withholdings
      and
      payable within fifteen (15) days of the date of termination,
      (iv)
      in
      the event of death, 100% vesting acceleration of the Executive’s RSUs
and,
      subject to the last sentence of Section
      3.7,
      prompt
      issuance of the Common Stock underlying such RSUs,
      and (v)
      in the event of disability, six (6) months’ vesting acceleration of the
      Executive’s RSUs and,
      subject to the last sentence of Section
      3.7,
      prompt
      issuance of the Common Stock underlying such RSUs,
      continuation for 6 months of the Base Salary and benefits, including health
      insurance, life insurance, and pension benefits in effect at the time of
      termination,
      and
      (vi) the Executive shall have the opportunity to review and comment upon any
      press release announcing his departure from the Company,
      and the
      Company shall thereafter have not further obligations to the Executive (or
      his
      estate). 

    

    4.1.2 Termination
      for Cause.
      The
      Company may terminate the Executive’s employment under this Agreement for
“Cause” (as defined in Section
      4.2.2)
      by
      delivery of written notice to the Executive specifying the Cause or Causes
      relied upon for such termination. If the Executive’s employment shall be
      terminated by the Company for Cause, the Company shall, subject to the last
      sentence of Section
      3.7,
      promptly issue the Common Stock underlying the Executive’s RSUs that have vested
      through the date of termination, pay the Executive’s accrued Base Salary and
      accrued and unused vacation benefits earned through the date of termination
      at
      the rate in effect at the time of the notice of termination to Executive, in
      each case, subject to required deductions and withholdings, and the Company
      shall thereafter have no further obligations to the Executive.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.1.3 Termination
      Without Good Reason.
      The
      Executive may terminate his employment with the Company without Good Reason
      upon
      twenty (20) business days’ written notice to the Company. If the Executive’s
      employment shall be terminated by the Executive without Good Reason, the Company
      shall, subject to the last sentence of Section
      3.7,
      promptly issue all of shares of Common Stock underlying the Executive’s RSUs
      that have vested through the date of termination and pay the Executive (i)
      the
      accrued Base Salary, (ii) the Executive’s accrued and unused vacation benefits,
      and (iii) any of the Executive’s incentive compensation, including his Annual
      Bonus, earned through the date of termination, in each case, subject to required
      deductions and withholdings,
      and
      payable within fifteen (15) days of the date of termination, and (iv)
the
      Executive shall have the opportunity to review and comment upon any press
      release announcing his departure from the Company and
      the
      Company shall thereafter have no further obligation to the Executive.
      

    

    4.1.4 Termination
      Without Cause or for Good Reason.
      The
      Company may terminate the Executive’s employment under this Agreement without
      Cause upon written notice of such termination to the Executive. In addition,
      the
      Executive may terminate his employment with the Company for Good Reason (as
      defined in Section
      4.2.3)
      upon
      ten (10) days written notice to the Company specifying the Reason or Reasons
      relied upon for such termination. If the Executive’s employment is terminated
      (a) by the Company for any reason other than Cause, Death or Disability, or
      (b)
      by the Executive for Good Reason, then the Executive shall be entitled to the
      following; (i) the Executive’s Base Salary and accrued and unused vacation
      earned through the date of termination, subject to standard deductions and
      withholdings; (ii) continuation of the Executive’s annual Base Salary, health
      insurance, life insurance, and pension benefits and vacation accruals in effect
      at the time of termination for a period of six (6) months after the date of
      termination, subject to standard deductions and withholdings and paid according
      to the Company’s standard payroll schedule (in the event that entitlement to the
      health and welfare benefits is not allowed by law, the Executive shall be
      entitled to the cash equivalent of the benefit); (iii) a pro rata percentage
      of
      the Executive’s Annual
      Bonus at the Target amount payable by the Company within fifteen (15) days
      of
      the date of termination;
      (iv)
      six month vesting acceleration and, subject to the last sentence of Section
      3.7,
      prompt
      issuance of the Executive’s RSUs
      vested through the date of termination;
      and (v)
      the
      Executive shall have the opportunity to review and comment upon any press
      release announcing his departure from the Company and
      the
      Company shall thereafter have no further obligation to the
      Executive.

     

    4.2 Definitions.
      For
      purposes of this Agreement, the following terms shall have the following
      meanings:

    

    4.2.1 Complete
      Disability. “Complete
      Disability”
shall
      mean the inability of the Executive to perform the Executive’s duties under this
      Agreement because the Executive has become permanently disabled within the
      meaning of any policy of disability income insurance covering executives of
      the
      Company then in force. In the event the Company has no policy of disability
      income insurance covering executives of the Company in force when the Executive
      becomes disabled, the term “Complete Disability” shall mean the inability of the
      Executive to perform the Executive’s duties under this Agreement by reason of
      any incapacity, physical or mental, for a period of at least one hundred twenty
      (120) days during a twelve (12) month period.

    

    4.2.2 For
      Cause.“Cause”
for
      the
      Company to terminate Executive’s employment hereunder shall mean the occurrence
      of any of the following events: (i) any material breach of this Agreement by
      the
      Executive which is not cured by the Executive within
      30
      days after the receipt of notice from the Board of such breach, which notice
      shall state in reasonable detail the facts and circumstances claimed to be
      a
      breach and of the intent of the Company to terminate the Executive’s employment
      upon the failure of the Executive to cure such breach;
      (ii)
      the conviction of, or pleading of nolo contendre by, the Executive of any
      felony; (iii) the material violation by the Executive of any statutory or
      fiduciary duty to the Company; (iv) any willful misconduct of the Executive
      which has a materially injurious effect on the business of the Company; or
      (v)
      the willful and gross dishonesty of the Executive which has a materially
      injurious effect on the business of the Company. For purposes of this Agreement,
      no act or failure to act, on the part of the Executive, shall be considered
      “willful” if it is done, or omitted to be done, by the Executive in good faith
      or with reasonable belief that his action or omission was in the best interest
      of the Company. 

    

    4.2.3 For
      Good Reason. “Good
      Reason”
for
      the
      Executive to terminate his employment hereunder shall mean any of the following
      events, (i) any material breach of this Agreement by the Company that is not
      cured by the Company within
      30
      days after the receipt of written notice from the Executive of such breach,
      which notice shall state in reasonable detail the facts and circumstances
      claimed to be a breach and of the intent of the Executive to terminate the
      Executive’s employment upon the failure of the Company to cure such
      breach;
      (ii)
      without Executive’s written consent, a decrease in the then-current Base Salary
      or maximum rate of the Target, pursuant to Section
      3.2
      hereof;
      (iii) without Executive’s written consent, requiring Executive to regularly
      report to work at a facility outside of a thirty (30) mile radius from
      Executive’s current personal residence; or (iv) without Executive’s written
      consent, a reduction or diminution in Executive’s title or position or
      responsibilities as Chief Executive Officer. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    4.3 Survival.
      Upon
      the expiration of the Term or, if earlier, in the event that Executive’s
      employment is terminated, this Agreement shall terminate and no longer have
      any
      further force or effect, except that the following provisions shall survive:
      Sections 2.2,
      4.3,
      5,
      and
7
      through
16.
      In
      addition, the termination or expiration of this Agreement shall not affect
      the
      rights of any Party that accrued prior to such termination or expiration,
      including, but not limited to, any rights to acceleration of RSUs or other
      equity compensation and any payment obligations, as provided herein.

    

    
      
        5.
          CONFIDENTIAL
          AND PROPRIETARY INFORMATION

      

    

    

    5.1 Confidentiality.
      The
      Executive recognizes that Executive’s employment with the Company will involve
      contact with information of substantial value to the Company, which is not
      generally known in the trade, and which gives the Company an advantage over
      its
      competitors who do not know or use it, including but not limited to, techniques,
      designs, drawings, processes, inventions know how, strategies, marketing, and/or
      advertising plans or arrangements, developments, equipment, prototypes, sales,
      supplier, service provider, vendor, distributor and customer information, and
      business and financial information relating to the business, products, services,
      practices and techniques of the Company (hereinafter referred to as
“Confidential
      and Proprietary Information”).
      The
      Executive will at all times regard and preserve as confidential such
      Confidential and Proprietary Information obtained by the Executive from whatever
      source and will not, either during Executive’s employment with the Company or
      thereafter, publish or disclose any part of such Confidential and Proprietary
      Information in any manner at any time, or use the same except on behalf of
      the
      Company, without the prior written consent of the Board. Executive understands,
      in addition, that the Company has received and in the future will receive from
      third parties confidential or proprietary information (“Third Party Information”)
      subject to a duty of the Company to maintain the confidentiality of such
      information and to use it only for certain limited purposes. During the Term
      and
      thereafter, Executive will hold Third Party Information as confidential and
      will
      not disclose to anyone (other than Company personnel who need to know such
      information in connection with their work for the Company) or use, except in
      connection with Executive’s work for the Company, Third Party Information unless
      expressly authorized by the Board in writing. When Executive leaves the employ
      of the Company, Executive will deliver to the Company any and all drawings,
      notes, memoranda, specifications, devices, formulas, and documents, together
      with all copies thereof, and any other material containing or disclosing any
      Third Party Information or Confidential and Proprietary Information of the
      Company.

    

    5.2 Specific
      Performance. Recognizing
      that irreparable damage will result to the Company in the event of the breach
      or
      threatened breach of any of covenants and assurances by the Executive contained
      in Sections
      2.2
      or this
Section
      5.2,
      and
      that the Company’s remedies at law for any such breach or threatened breach may
      be inadequate, the Company and its successors and assigns, in addition to such
      other remedies which may be available to them, shall, upon making a sufficient
      showing under applicable law, be entitled to an injunction to be issued by
      any
      court of competent jurisdiction ordering compliance with this Agreement or
      enjoining and restraining the Executive, and each and every person, firm or
      company acting in concert or participation with him, from the continuation
      of
      such breach. 

    

    6. INDEMNIFICATION

    

    Prior
      to
      the closing of the Merger, the Company shall enter into a reasonable and
      customary indemnification agreement with the Executive, which agreement, to
      the
      fullest extent permitted by the Company’s charter documents and applicable law,
      shall require the Company to defend and indemnify Executive and hold Executive
      harmless against any liability that Executive incurs within the scope of his
      employment with Company. Such indemnification agreement shall be on
      substantially similar terms as those entered into by the Company with its board
      of directors. In addition, the Company shall maintain sufficient Directors
      and
      Officers liability insurance covering its directors and officers consistent
      with
      prevailing commercial practices of similarly situated
      companies.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    7. ASSIGNMENT
      AND BINDING EFFECT. 

    

    This
      Agreement shall be binding upon and inure to the benefit of the Executive and
      the Executive’s heirs, executors, personal representatives, administrators and
      legal representatives. Because of the unique and personal nature of the
      Executive’s duties under this Agreement, neither this Agreement nor any rights
      or obligations under this Agreement shall be assignable by the Executive. This
      Agreement shall be binding upon and inure to the benefit of the Company and
      its
      successors, assigns and legal representatives. In connection with the Company’s
      proposed Merger with and into the Parent, the Company’s obligations under this
      Agreement will be assumed by the Parent, and all references to the Company
      hereunder shall be deemed to be references to the Parent.

    

    8. NOTICES. 

    

    All
      notices or demands of any kind required or permitted to be given by the Company
      or the Executive under this Agreement shall be given in writing and shall be
      personally delivered (and receipted for), faxed (with written evidence of
      successful transmission) during normal business hours, or mailed by certified
      mail, return receipt requested, postage prepaid, addressed as follows:

    

    If
      to the
      Company: G8wave, Inc. 126 Brookline Ave, Boston, MA 02216, fax number (617)
      859-8328, with a copy to Eisner & Frank, 9601 Wilshire Boulevard, Suite 700,
      Beverly Hills, CA 90210, Attention Keith Sutton, Esq.

    

    If
      to the
      Executive: Habib Khoury, P.O. Box 428, Weston, MA 02493, fax number (781)
      899-2727.

    

    Either
      Party may change its address for notices by giving notice to the other Party
      in
      the manner specified in this section.

    

    9. CHOICE
      OF LAW

    

    This
      Agreement and all amendments hereto shall be governed by and construed in
      accordance with the laws of the State of Massachusetts, without reference to
      conflict of law rules thereof.

    

    10. AMENDMENT.

    

    This
      Agreement cannot be amended or modified except by a written agreement signed
      by
      the Executive and the Company. 

    

    11. WAIVER.

    

    No
      term,
      covenant or condition of this Agreement or any breach thereof shall be deemed
      waived, except with the written consent of the Party against whom the wavier
      is
      claimed, and any waiver or any such term, covenant, condition or breach shall
      not be deemed to be a waiver of any preceding or succeeding breach of the same
      or any other term, covenant, condition or breach. 

    

    12. SEVERABILITY.

    

    The
      finding by a court of competent jurisdiction of the unenforceability, invalidity
      or illegality of any provision of this Agreement shall not render any other
      provision of this Agreement unenforceable, invalid or illegal.

    

    13. REPRESENTATIONS
      AND WARRANTIES.

    

    The
      Executive represents and warrants that Executive is not restricted or
      prohibited, contractually or otherwise, from entering into and performing each
      of the terms and covenants contained in this Agreement, and that Executive’s
      execution and performance of this Agreement will not violate or breach any
      other
      agreements between the Executive and any other person or entity.

    

    14. COUNTERPARTS.

    

    This
      Agreement may be executed in two counterparts and by facsimile or electronic
      signature, each of which shall be deemed an original, all of which together
      shall constitute one and the same instrument.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    15. ARBITRATION

    

    With
      the
      exception of any dispute, controversy or claim (each, a “Dispute”)
      with
      respect to which the Company is entitled to equitable relief (including specific
      performance or injunctive relief) pursuant to this Agreement, Disputes arising
      out of or relating to this Agreement or the performance, breach or termination
      thereof shall be submitted to the American Arbitration Association
      (“AAA”)
      in
      Boston, Massachusetts, for binding arbitration in accordance with the National
      Rules Regarding Employment Disputes of AAA then in effect (“Arbitration
      Rules”).
      Any
      Dispute shall be decided by one (1) arbitrator mutually agreeable to the Company
      and the Executive. If the Company and the Executive cannot agree on one (1)
      arbitrator, AAA shall appoint an arbitrator to resolve the Dispute. The parties
      acknowledge and agree that any arbitration pursuant to this Section
      15
      shall be
      conducted in Boston, Massachusetts in accordance with the Arbitration Rules
      and
      federal and state rules of evidence and civil procedure shall not apply. The
      decision of the arbitrator as to the validity and amount of any claim shall
      be
      binding and conclusive upon the Parties. Such decision shall be written and
      shall be supported by written findings of fact and conclusions, which shall
      set
      forth the award, judgment, decree or order awarded by the arbitrator. Judgment
      upon any award rendered by the arbitrator may be entered in any court having
      jurisdiction. The non-prevailing party to an arbitration shall pay its own
      costs
      and expenses, the fees and costs of the arbitrator, the administrative costs
      of
      the arbitration, and the expenses, including reasonable attorneys’ fees and
      costs, incurred by the other Party to the arbitration.

    

    16. Developments.
      The
      Executive hereby assigns to the Company his entire right, title and interest
      in
      all know-how, inventions, designs, discoveries and improvements, customer lists,
      trade secrets and ideas, writings and copyrightable and other material, which
      may be conceived by the Executive or developed or acquired by him during the
      Term and which is reasonably related to the business in which the Company is
      then engaged or planning to engage (“Developments”).
      The
      Executive agrees to promptly and fully disclose in writing to the Company all
      such Developments. The Executive will, upon the Company's request, execute,
      acknowledge and deliver to the Company all instruments and do all other acts
      which are necessary or desirable to entitle the Company to all rights in and
      to
      the foregoing and enable the Company to file and prosecute applications for,
      and
      to acquire, maintain and enforce all letters, trademark registrations or
      copyrights with respect to and otherwise protect the foregoing in all
      countries.

    

    17. Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding between the Parties
      related to the subject matter hereof, and supersedes all prior or
      contemporaneous agreements or understandings between the Parties related to
      the
      subject matter hereof, whether oral or written.

    

    [SIGNATURE
      PAGE FOLLOWS]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    In
      Witness Whereof,
      the
      Parties have executed this Agreement as of the date first above
      written.

    

    
      	
              G8wave,
                Inc.

            	 	
              Executive:

            
	 	 	 	 	 
	
              By:
                

            	
              /s/
Les
                Bider

            	 	
              By:

            	
              /s/
                Habib Khoury

            
	
              Name:

            	
              Les
                Bider

            	 	 	
              Habib
                Khoury

            
	
              Its:

            	
              Director

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