Document:

Exhibit  10.1

                              EMPLOYMENT AGREEMENT
                              --------------------

          THIS  EMPLOYMENT AGREEMENT (the "Agreement"), dated as of September 6,
2006,  is entered into between Xtreme Companies, Inc., a Nevada corporation (the
"Company"  or  Xtreme"),  and  Jack  Clark  (the  "Employee").

          WHEREAS,  the  parties  are  entering into this Agreement to set forth
their  respective  rights  and  obligations  with  respect  to  the  Employee's
employment  by  the  Company.

          NOW  THEREFORE,  in  consideration  of  the mutual covenants contained
herein and other good and valuable consideration, the receipt and sufficiency of
which  are  hereby  acknowledged,  the  parties  agree  as  follows:

          1.     EMPLOYMENT.   The  Company  shall  employ  the Employee and the
                 -----------
Employee  hereby  accepts  such  employment with the Company, upon the terms and
conditions  hereinafter  set forth for the period beginning on September 6, 2006
(the "Effective Date") and ending on the Termination Date determined pursuant to
Section  4  (the  "Employment  Term").

          2.     POSITION  AND  DUTIES.
                 ----------------------

               (a)     During  the  Employment Term, the Employee shall serve as
the  Chief  Operating  Officer of Xtreme and Xtreme's subsidiary company, Marine
Holdings,  Inc.  d/b/a Challenger Offshore ("Marine"). The Employee shall report
to  the Company's CEO and perform such duties as are assigned to him by the CEO.
The Employee acknowledges and agrees that he owes a fiduciary duty of loyalty to
the Company and he will, at all times, discharge his duties and otherwise act in
a  manner  consistent  with  the  best  interests  of  the  Company.

               (b)     During the Employment Term, the Employee shall devote his
best efforts and his full time, attention and energies to the performance of his
duties and responsibilities under this Agreement. During the Employment Term and
as  set forth in section 8, below, the Employee shall not engage in any business
activity,  which  conflicts  with  the  duties  of  Employee  hereunder.

               (c)     Employee shall not hire any officers without the approval
of  the  Company's  Board  of  Directors.

          3.     COMPENSATION  AND  BENEFITS.   As  compensation in full for the
                 ----------------------------
services to be rendered by the Employee under this Agreement, the Company agrees
to  compensate  the  Employee  as  follows:

               (a)     During  the  Employment  Term,  the  Company  shall  pay
Employee  an  annual salary of one-hundred and eight-thousand dollars ($108,000)
("Base  Salary"),  which  shall  be  paid  bi-monthly.

               (b)     The  Employee  shall  also  be  entitled  to:

                         (i)     Receive  an annual cash bonus ("Cash Bonus") of
up to forty percent (40%) of the Base Salary. The Cash Bonus shall be calculated
based  on actual performance applied to performance metrics ("the Metrics"). The
Metrics  shall  be mutually agreed upon by the Company's Board of Directors, the
CEO  and  the  Employee.

                         (ii)     Receive  a one-time bonus of up to ten percent
(10%)  of  the Company's outstanding shares of common stock ("Stock Bonus"). The
Stock  Bonus  shall  be  calculated  based  on actual performance applied to the
Metrics.  Except  as otherwise set forth herein, the Stock Bonus shall be earned
and  vest  only  after  the Employee completes two years of employment ("Vesting
Period").  Additionally,  the  Employee  agrees  to  execute  and  be bound by a
Leak-Out  Agreement  (Exhibit  A)  governing future sales or dispositions of the
Company's  common  stock  by  the  Employee.

                         (iii)     Receive "Relocation Expenses" up to a maximum
of  fifteen-thousand  dollars ($15,000). Relocation Expenses shall include rent,
moving,  travel and other costs associated with the Employee's relocation to the

<PAGE>

Washington,  MO  region.  Upon  submission  of proper vouchers and evidence, the
Company  will  promptly  pay  or reimburse Employee for the Relocation Expenses.

               (c)     Employee  shall  be  eligible  to  participate  in  those
non-salary  benefits  and  programs generally made available to employees of the
Company,  as are in effect from time to time, including, but not limited to, any
health,  dental,  life  or disability insurance plan, 401(k) or other retirement
savings plan, and any other employee benefit plan, subject to any and all terms,
conditions,  and eligibility requirements of said plans or benefits, as may from
time  to  time  be prescribed by the Company. Full family health insurance, life
and  disability  insurance (short-term and long-term) coverage shall be provided
for  Employee  immediately upon execution of this Employment Agreement. The life
insurance  policy  shall  be  for  two  times the Employee's base annual salary.
Employee  acknowledges  that  non-salary  benefits  are  discretionary  with the
Company's  Board  and  that  such benefits may be modified or terminated without
notice  to  the  Employee.

               (d)     Employee  shall  be  entitled  to  a  vacation  period or
periods  each  year  during the Employment Term in accordance with the Company's
vacation  policy  for  officers.

               (e)     Upon  submission  of  proper  vouchers  and evidence, the
Company  will  promptly pay or reimburse Employee for reasonable transportation,
hotel,  travel  and related expenses incurred by Employee on business trips away
from  Employee's  principal  office,  and for other business expenses reasonably
incurred  by  Employee in connection with the business of the Company during the
Employment Term, all subject to such limitations and procedures as may from time
to  time  be  prescribed  by  the  Board of Directors of the Company or the CEO.

          4.     TERMINATION.
                 ------------

               (a)     The  Employee's  employment  under  this  Agreement shall
terminate  upon  the earliest to occur of (the date of such occurrence being the
"Termination  Date")  (1)  two (2) years of employment under this Agreement, (2)
the  Employee's  resignation,  (3)  the  Employee's  death  or  a Disability (an
"Involuntary  Termination"),  (4)  the  termination of Employee's employment for
Cause  by  the  Board of Directors (a "Termination for Cause"), or (5) date of a
resignation  shall  be the date of a written or oral resignation by the Employee
which  is  received  by  the Company's CEO; the effective date of an Involuntary
Termination  shall  be  the  date of death or, in the event of a Disability, the
date  specified  in  a  notice delivered to the Employee by the Company; and the
effective  date  of  a  Termination for Cause or without Cause shall be the date
specified  in  a  notice  delivered  to  the  Employee  by  the  Company.

               (b)     For  purposes of this Agreement, "Cause" shall mean those
instances  in  which Employee actually, or the Board of Directors (excluding the
Employee  if  the  Employee is a member of the Board as such time) determines in
good  faith  that  Employee  has (i) intentionally furnished materially false or
misleading  information  to the Company's CEO or Board of Directors that results
or  could  reasonably  be  expected  to result in detriment to the Company, (ii)
refused  or  failed  to  follow  the instructions of the CEO with respect to any
matter  related  to the operation or management of the Company, (iii) engaged in
the  use  of alcohol or drugs to an extent that, in the good faith determination
of  the  CEO  or Board of Directors (excluding the Employee if the Employee is a
member  of  the Board at such time), such use interferes with performance of the
Employee's  duties  and  responsibilities,  (iv)  committed  or  engaged  in any
unlawful  act  under  applicable  law, or (v) breached his obligation under this
Agreement  in  any  material  respect.

               (c)     For  purposes  of  this  Agreement, the term "Disability"
shall  mean  the  physical  or mental inability of the Employee to substantially
perform  all  of  his  duties  under  this Agreement for a period of ninety (90)
consecutive  days  or  longer  or for any 90 days in any consecutive twelve (12)
month  period  as  determined  by  the  Company's  CEO  or  Board  of Directors.

          5.     EFFECT  OF  TERMINATION.
                 ------------------------

               (a)     In  the  event  the  Company  terminates  this  Agreement
without  Cause, the Employee shall only have the right to receive the following:

                    (i)     the  continuation  of the Employee's Base Salary for
the  time  remaining  under  this  Agreement  as  set  forth in section 4(a)(1).

                    (ii)     a  pro-rated  portion  of  the Stock Bonus and Cash
Bonus  set  forth in section 3, provided that the Employee has been employed for
not  less than 18 months under this Agreement and the Metrics have been achieved
as  provided  for  in  section  3(b)(i)  and  3(b)(ii).

                    (iii)     reimbursement  for  any expenses incurred prior to
the  Termination  Date  for  which  the  Employee shall not have been previously
reimbursed  in  accordance  with  the  provisions  of  Section  3(e),  above.

<PAGE>

               (b)     In  the  event this Agreement is terminated for any other
reason  other  than without Cause, including the additional reasons set forth in
section  4,  above,  the  Employee  shall  only  be entitled to reimbursement of
expenses  as  set  forth  above  at  sections  3(e).

               (c)     Upon  any  Termination  of  this  Agreement,  neither the
Employee  nor  his  beneficiaries  or estate shall have any further rights under
this  Agreement  or  any  rights  arising  out  of  this Agreement other than as
provided in this Section 5. The rights of the Employee set forth in this Section
5 are intended to be the Employee's exclusive remedy for termination and, to the
greatest  extent  permitted  by  applicable  law,  the Employee waives all other
remedies.

               (d)     Following any termination, Employee shall fully cooperate
with Company in all matters relating to the winding up of the Employee's work on
behalf  of  Company  and  the  orderly  transfer of any such pending work and of
Employee's  duties  and  responsibilities  for  Company  to such other person or
persons  as  may  be  designated by the Company in its sole discretion. Employee
shall not be entitled to any additional pay or severance in connection with such
cooperation.

          6.     NONDISCLOSURE  AND  NONUSE  OF  CONFIDENTIAL INFORMATION.   The
                 ---------------------------------------------------------
Employee  will  not  disclose, disseminate or use at any time, either during the
Employment  Term  or  thereafter,  any  Confidential  Information  of  which the
Employee  is  or  becomes aware, whether or not such information is developed by
him,  except to the extent that such disclosure or use is directly related to an
required by the Employee's performance of duties assigned to the Employee by the
Company.  For  purposes  of  this Agreement, the term "Confidential Information"
shall  mean  information  that  is not generally known to the public and that is
used,  developed  or  obtained  by  the Company in connection with the Business,
including, without limitation (a) information, observations, procedures and data
obtained  by  the Employee while employed by the Company concerning the business
or affairs of the Company; (b) planned or actual products or services; (c) costs
and  pricing  structures,  customer,  supplier  or employee lists; (d) analyses,
drawings, photographs and reports; (d) computer software and hardware, including
operating  systems,  applications  and  program  listings;  (e)  data bases; (f)
accounting  and  business  methods;  (g)  research  and  development,  and  (h)
inventions,  devices,  new  developments,  method  and processes, technology and
trade  secrets  (including,  without  limitation  all  Work  Product).

          7.     INVENTIONS  AND  PATENTS.   The  Employee  agrees that all Work
                 -------------------------
Product  belongs to the Company (including any and all Work Product developed by
the  Company  prior  to  the date of this Agreement). The Employee will promptly
disclose  such  Work  Product  to the Board of Directors and perform all actions
reasonably  requested by the Board (whether during or after the Employment Term)
to  establish  and  confirm  such  ownership (including, without limitation, the
execution  and  delivery  of assignments, consents, powers of attorney and other
instruments)  and  to provide reasonable assistance to the Company in connection
with  the  prosecution  of any application for patents, trademarks, trade names,
service marks or reissues thereof or in the prosecution or defense of any claims
by  or  against the Company relating in any way to Work Product. For purposes of
this  Agreement, the term "Work Product" shall mean all inventions, innovations,
improvements,  technical  information,  systems,  software  or  equipment
developments,  methods,  designs,  analyses,  drawings,  reports, service marks,
trademarks,  trade  names, logos and all similar or related information (whether
patentable or unpatentable) which relates to the Company's actual or anticipated
business,  research  and  development or existing or future products or services
and  which  are  conceived,  developed  or  made by the Employee (whether or not
during  usual business hours and whether or not alone or in conjunction with any
other  person, group or entity) while employed by the Company, together with all
patent  applications,  letters  patent,  trademark,  trade name and service mark
applications  or  registrations,  copyrights  and  reissues  thereof that may be
granted  for  or  upon  the  foregoing.

          8.     NON-COMPETE,  NON-SOLICITATION,  NON-DISPARAGEMENT.   The
                 ---------------------------------------------------
Employee  acknowledges and agrees with the Company that during the course of the
Employee's  employment  with the Company, the Employee will have the opportunity
to  develop  relationships with existing employees, customers and other business
associates  of  the  Company  which  relationships  constitute  goodwill  of the
Company,  and  the  Company would be irreparably damaged if the Employee were to
take actions that would damage or misappropriate such goodwill. Accordingly, the
Employee  agrees  as  follows:

          (a)     The Employee acknowledges that the Business is operated in the
United States and markets for the Company's products and services are located in
the United States. Accordingly, during the Employment Term until the twelve (12)
month  anniversary  of  the  Termination  Date  (the  "Non-Compete Period"), the
Employee  shall not, directly or indirectly, enter into, engage in, assist, give
or lend funds to or otherwise finance, be employed by or consult with, or have a
financial  or other interest in, any business which is similar to or competitive
with  the  Business, whether for himself or as an independent contractor, agent,
stockholder, partner, or joint venture for any other person, group or entity. To
the  extent that the covenant provided in this Section 8 (a) may later be deemed
by  a  court to be too broad to be enforced with respect to its duration or with
respect  to  any  particular  activity or geographic area, the court making such
determination  shall  have  the  power  to  reduce  the duration or scope of the
provision, and add or delete specific words or phrases to or from the provision.
The  provision,  as  modified,  shall  then  be  enforced.

          (b)     The Employee covenants and agrees that during the terms of his
employment  and  for  twelve  (12)  months  following  the Termination Date, the
Employee  will  not, directly or indirectly, either for himself or for any other
person,  group  or  entity  (i)  solicit any employee, independent contractor or
service  provider  of  the  Company  to  terminate  or  modify  his,  her or its
employment or other relationship with the Company or employ or retain any person
or  entity,  (ii) solicit any customer, licensee, or licensor, of the Company or
any  service provider to the Company to purchase or provide products or services
on  behalf  of  the

<PAGE>

Employee  or  such  other  person, group or entity that are competitive with the
products  or  services  provided by the Company, or (iii) disparage the business
reputation  of  the  Company  or  its  management  team.

          (c)     Employee  acknowledges  that  the  restrictions  placed  upon
Employee by this Section 8 are reasonable given the Employee's position with the
Company,  the  geographic  area  in  which  the Company markets its products and
services,  and  the consideration furnished in this Agreement. Further, Employee
also  agrees  that  the  provisions  of  this  section are fair and necessary to
protect  the Company and its business interests and, that such provisions do not
preclude the Employee from utilizing unprotected information or from engaging in
occupations  in unrelated fields or in a manner consistent with the requirements
of  this  Agreement.

          9.     RETURN  OF  COMPANY'S PROPERTY UPON TERMINATION.   The Employee
                 -----------------------------------------------
shall  immediately  deliver  to the Company at the termination of the Employment
Term  or  at  any  time the Board of Directors may request, all Company property
(including  but  not  limited  to all documents, electronic files/records, keys,
records,  computer disks, or other tangible or intangible things that may or may
not relate to or otherwise constitute Confidential Information, Work Product, or
trade  secrets  (as  defined  by  applicable  law)  that Employee created, used,
possessed,  or  maintained  while  in  the  employ of the Company, from whatever
source.

          10.     ENFORCEMENT.   Because  the Employee's services are unique and
                  -----------
because  the  Employee  has access to Confidential Information and Work Product,
the  parties  hereto  agree that money damages would be an inadequate remedy for
any  breach of this Agreement. Therefore, in the event of a breach or threatened
breach  of  this  agreement,  the  Company  or its successors or assigns may, in
addition  to  other  rights  and  remedies existing in their favor, apply to any
court  of  competent  jurisdiction for specific performance and/or injunctive or
other  relief  in  order to enforce, or prevent any violation of, the provisions
hereof  (without  posting  a  bond  or  other  security).

          11.     MISCELLANEOUS.
                  -------------

               (a)     This  Agreement  shall  be  binding upon and inure to the
benefit  of Employee and his heirs and personal representatives, and the Company
and  its  successors,  assigns and legal representatives. This Agreement and the
responsibilities/benefits  hereunder  are  personal  to  Employee  and  are  not
assignable  or  transferable  by  Employee.

               (b)     The  Company  shall  have  the  right  to  offset against
amounts  due  to  Employee hereunder by any amounts owed by Employee to Company,
including  any  advances.

               (c)     This  Agreement  constitutes the entire agreement between
the  Company  and  Employee  with  respect  to  the  subject  matter  hereof and
supersedes  any  and  all previous agreements or understandings between Employee
and  the Company concerning the subject matter hereof. Specifically, but without
limitation  of  the forgoing provisions in this section 11(c), the parties agree
that  this  Agreement  supersedes  the  Consulting  Agreement dated June 6, 2006
between  the  parties  and that the Consulting Agreement no longer has any force
and  effect.  This  Agreement  may  not  be changed or amended without the prior
written  consent  of  both  of  the  parties  hereto.

               (d)     All  notices  hereunder  shall be in writing and shall be
deemed  given  on  the  third  day after mailing through the United States mail,
certified  mail,  return  receipt  requested,  postage  prepaid, or by overnight
delivery to the persons listed below or to such other person(s) and/or addresses
as  may  be  designated  from  time  to  time  in  writing.

                    If  to  the  Company:

                         Xtreme  Companies,  Inc.
                         C/O  Dutchess  Capital  Management  LLC
                         50  Commonwealth  Ave.
                         Boston,  MA  02116
                         Attention:  Michael  Novielli,  Chairman
                         Fax:  (617)  249-0947

                    If  to  Employee:

               (e)     This  Agreement  shall  be  governed  by and construed in
accordance  with  the  laws  of  the  State  of  Missouri.

               (f)     Any  waiver  by  either party of any breach of any of the
terms  of  this  Agreement  shall  not  be considered a waiver of any subsequent
breach.

               (g)     In the event that any provision of this Agreement is held
to  be  unenforceable, then such enforceability shall in no way affect the other
terms  and  provisions  of  this  Agreement which shall remain in full force and
effect.

<PAGE>

               (h)     The  captions  herein  are  for  the  convenience  of the
parties  and  are  not  to  be construed as part of the terms of this Agreement.

               (i)     This  Agreement  may be amended, modified or supplemented
only by written agreement of the parties hereto, which agreement shall have been
duly  authorized  and  approved  by  the  Board  of  Directors  of  the Company.

               (j)     The  failure  of  the Company at any time or from time to
time  to  require  performance  of  any of the Employee's obligations under this
Agreement shall in no manner affect the Company's right to enforce any provision
of  this  Agreement at any subsequent time, and the waiver by the Company of any
right  arising out of any breach shall not be construed as a waiver of any right
arising  out  of  any  subsequent  breach.

               (k)     Any dispute or controversy arising under or in connection
with  this  Agreement,  other  than  for injunctive relief sought by the Company
under  Sections  6  or 9, shall be settled exclusively by arbitration, conducted
before  a  panel of one arbitrator in the State of Missouri, County of St. Louis
in  accordance  with  the  rules of the American Arbitration Association then in
effect,  and  judgment  may  be  entered  on the arbitrator's award in any court
having  jurisdiction.  The decision of the arbitrator shall be final and binding
on  the  parties.  Each  party  shall  bear  its  own legal fees in any dispute.

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

          COMPANY:
          XTREME  COMPANIES,  INC.

          By:/s/  Laurie  Phillips
            ----------------------
          Laurie  Phillips,
          President  and  CEO

          EMPLOYEE:

          By:/s/  Jack  Clark
             ----------------
          Jack  ClarkDirector Contract – John Floisand

     

    Exhibit
      10.8

     

    

     

     

     

    September
      1, 2006

     

     

    Mr.
      John
      Floisand

     

     

     

    LETTER
      OF OFFER

     

     

    Dear
      John,

     

    ENGAGEMENT
      AS DIRECTOR OF THE BOARD OF DIRECTORS (“BOARD”) MEMBER OF PUREDEPTH, INC.
      (DELAWARE)

     

    This
      letter formally confirms the offer discussed with you to join as a Board Member
      of, of, PureDepth (“Position”).

     

    Your
      appointment to the Position is effective from 1 September 2006 and will
      terminate on 1 September 2007 .

     

    By
      signing this letter of offer you acknowledge, agree and accept
      that:

     

    
      	 	
              Ø

            	
              You
                will be responsible for performing the duties outlined in Schedule
                1;

            

    

     

    
      	 	
              Ø

            	
              The
                other terms on which you have been engaged to fulfill the duties
                associated with the Position are set out in the body of this letter
                and in
                Schedule 2;

            

    

     

    
      	 	
              Ø

            	
              You
                will receive an annual fee of US$20,000 as Board Director (“Annual
                Fee”)
                payable in semi-annual installments and the beginning of each semi
                annual
                period on invoice;

            

    

     

    
      	 	
              Ø

            	
              In
                addition to the Annual Fee, you will receive fees for your attendances
                at
                meetings of the Board a rate of US$1,000 per meeting attended in
                person,
                or US$500 per meeting attended by
                telephone;

            

    

     

    
      	 	
              Ø

            	
              You
                have been granted options to purchase 100,000,shares of common stock
                in
                PureDepth pursuant to PureDepth's 2006 Stock Incentive Plan ("Plan").
                Such stock options may be exercised by you within a period of seven
                years
                from the effective date of your appointment to the Position, at a
                price
                per share as determined by the market value of the stock and otherwise
                on
                the terms and conditions of the Plan and any associated stock option
                agreement. These shares will vest over three years with a six month
                cliff
                and then will vest quarterly. Also you will be issued an additional
                100,000 shares six months from the start date under the same terms
                and
                conditions.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              Ø

            	
              You
                will be reimbursed for agreed and reasonable out-of-pocket expenses
                for
                which you provide appropriate supporting
                documentation;

            

    

     

    
      	 	
              Ø

            	
              You
                will be responsible absolutely for the payment of any taxes on your
                annual
                and associated fees; and

            

    

     

    
      	 	
              Ø

            	
              Your
                appointment to the Position may be terminated by the Board without
                cause
                on 2 month’s notice in writing, or you may be dismissed for cause
                immediately.

            

    

     

    Please
      return your acceptance of the terms of this letter of offer to Fred
      Angelopoulos, PureDepth’s U.S. offices by facsimile to 650-632-0818

     

    Regards,

     

     

    David
      Hancock

    Chairman
      to the Board

    PureDepth,
      Inc.

    

    

    Accepted:

    

    John
      Floisand

     

    ___________________________________________
      

    Date:

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    SCHEDULE
      1

    

    POSITION
      DESCRIPTION

    

     

    The
      Position requires you to perform the following duties for PureDepth at the
      direction of/in conjunction with both the Chairman and other Members of the
      Board: 

     

    
      	 	
              ·

            	
              Attend
                meetings of the Audit Committee .

            

    

     

    
      	 	
              ·

            	
              Participate
                in both the appointment of the Chief Executive Officer of the Company
                and
                the undertaking of an annual performance review of the Chief Executive
                Officer by the Board.

            

    

     

    
      	 	
              ·

            	
              Engage
                in the development, approval, and monitoring of the Company's strategy
                and
                the deliverables associated with the implementation of the strategy,
                holding Executive Management duly
                accountable.

            

    

     

    
      	 	
              ·

            	
              Engage
                in the development, approval and monitoring of the Company's financial
                plan/model and the reporting against the
                same.

            

    

     

    
      	 	
              ·

            	
              Require
                a structure which enables due compliance of the Company to all laws
                including SEC and Sarbanes - Oxley
                compliance.

            

    

     

    
      	 	
              ·

            	
              Align
                director and employee remuneration and incentives with Company strategy
                and performance.

            

    

     

    
      	 	
              ·

            	
              Recognize
                and manage risk through identification, monitoring and
                control.

            

    

     

    
      	 	
              ·

            	
              Engage
                actively in the appointment of other Board Members to ensure a balance
                of
                skills, knowledge and experience with due encouragement of openness,
                challenge, independent thinking and decision making. 

            

    

     

    
      	 	
              ·

            	
              Ensure
                all shareholders and classes of shareholders are treated fairly according
                to their different rights and recognize and respect the legitimate
                interests of stake holders. 

            

    

     

    
      	 	
              ·

            	
              Ensure
                the quality and independence of the internal and external audit
                processes. 

            

    

     

    
      	 	
              ·

            	
              Monitor
                and control performance of the Company overall, through accurate
                and
                timely internal and external reporting. 

            

    

     

    
      	 	
              ·

            	
              Monitor
                and regularly evaluate Board and Management performance. 

            

    

     

    
      	 	
              ·

            	
              Encourage
                efficiency in Board and Company operations and in the Company's operating
                environment. 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	 	
              ·

            	
              Assist
                Executive Management where required, especially in the areas of
                compliance, reporting, investor relations, Company funding and merger
                and
                acquisitions. 

            

    

     

    
      	 	
              ·

            	
              Ensure
                the completion and adoption of key Company Policies such as, Code
                of
                Ethics, Committee Charters, Confidentiality, Expenditure (and related
                policies) and Insider Trading and ensure a review of the same from
                time to
                time.

            

    

     

    (together,
      the “Duties”)

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SCHEDULE
      2

    

    ADDITIONAL
      TERMS OF ENGAGEMENT

    

     

    
      	1.	
              Good
                Faith Obligations

            

    

     

    
      	
              1.1

            	
              You
                covenant to carry out the Duties, conduct your activities and carry
                out
                all functions required to be performed by
                you:

            

    

     

    
      	 	
              a.

            	
              in
                good faith;

            

    

     

    
      	 	
              b.

            	
              in
                the best interests of PureDepth;

            

    

     

    
      	 	
              c.

            	
              in
                strict compliance with the terms of this letter of offer, including
                the
                Schedules thereto (the “Agreement”);

            

    

     

    
      	 	
              d.

            	
              to
                the highest standards applicable and to the best of your ability;
                and

            

    

     

    
      	 	
              e.

            	
              to
                maintain and enhance the business reputation of
                PureDepth.

            

    

     

    
      	
              1.2

            	
              You
                will, during the period of this
                Agreement:

            

    

     

    
      	 	
              a.

            	
              diligently
                and faithfully serve PureDepth and use your best endeavours to promote
                and
                protect the interests of PureDepth and any other subsidiary or related
                company (as that term is commonly
                understood);

            

    

     

    
      	 	
              b.

            	
              carry
                out the Duties in a manner consistent with achieving PureDepth’s
                objectives and milestones, as determined by the Board from time to
                time;
                and

            

    

     

    
      	 	
              c.

            	
              comply
                with all of PureDepth’s policies, rules and regulations in force from time
                to time.

            

    

     

     

    
      	2.	
              Termination
                for Cause

            

    

     

    
      	
              2.1

            	
              PureDepth
                may terminate this Agreement immediately for cause where the Board
                considers that you have:

            

    

     

    
      	 	
              a.

            	
              Performed
                poorly in carrying out the Duties or any one of
                them;

            

    

     

    
      	 	
              b.

            	
              Breached
                any of the good faith obligations specified in clause 1
                above;

            

    

     

    
      	 	
              c.

            	
              Committed
                any misconduct of a serious nature; or

            

    

     

    
      	 	
              d.

            	
              Committed
                any other breach of trust and
                confidence.

            

    

     

     

    
      	3.	
              Expenses

            

    

     

    
      	
              3.1

            	
              During
                the term of this Agreement, you will be reimbursed for all reasonable
                and
                approved expenses and disbursements which are incurred in connection
                with
                the performance of the Duties. Expenses and disbursements are to
                be
                properly accounted for by you and detailed tax invoices or receipts
                are to
                be provided with the amount of the expenses or disbursements.
                

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              4.

            	
              Taxes

            

    

     

    
      	
              4.1

            	
              Reference
                to "tax” or “taxes"
                means and includes any taxes or duties payable anywhere in the
                world.

            

    

     

    
      	
              4.2

            	
              If,
                at any time, PureDepth considers, in its sole and absolute discretion,
                and
                whether as a matter of law or change of circumstances, it is obliged
                to
                deduct any taxes, then it is agreed that it will be entitled to do
                so and
                will notify you in writing as soon as practicably possible after
                making
                such deductions.

            

    

     

     

    
      	5.	
              Inventions

            

    

     

    
      	
              5.1

            	
              Any
                and all inventions, discoveries, developments and innovations in
                relation
                to PureDepth business concepts conceived by you during the term of
                this
                agreement relative to the Duties will be the absolute and exclusive
                property of PureDepth. By entering into this Agreement, you assign
                all
                your right, title, and interest in the same to PureDepth. Any and
                all
                inventions, discoveries, developments and innovations conceived,
                made or
                undertaken by you prior to the term of this Agreement and utilised
                by you
                in rendering Duties to PureDepth are, by your entry into this Agreement,
                licensed to PureDepth for use in its operations for an infinite duration.
                This license is non-exclusive, and may be assigned without your prior
                written approval by PureDepth to a wholly-owned subsidiary of PureDepth.
                

            

    

     

     

    
      	6.	
              Confidentiality

            

    

     

    
      	
              6.1

            	
              You
                acknowledge that, during the term of this Agreement, you will have
                access
                to, and become acquainted with, various trade secrets, inventions,
                innovations, processes, information, records and specifications owned
                or
                licensed by PureDepth and/or used by PureDepth in connection with
                the
                operation of its business including, without limitation, business
                product
                processes, methods, customer lists, accounts and procedures ("Confidential
                Information").
                You agree that you will not disclose any Confidential Information,
                directly or indirectly, or use any Confidential Information in any
                manner,
                either during the term of this Agreement or at any time after the
                termination of this Agreement (for whatever reason), except with
                the prior
                written consent of PureDepth or as required by the laws of any
                jurisdiction. All files, records, documents, blueprints, specifications,
                information, letters, notes, media lists, original artwork, creative
                work,
                programming code, notebooks, and similar items relating to the business
                of
                PureDepth, whether prepared by you or otherwise coming into your
                possession, will also comprise Confidential Information and will
                accordingly be the absolute and exclusive property of PureDepth.
                You will
                not retain any copies of any Confidential Information without PureDepth’s
                prior written permission. Upon the expiration or earlier termination
                of
                this Agreement, or whenever requested by PureDepth, you will immediately
                deliver to PureDepth all such Confidential Information in your possession
                or under your control. You further agree that you will not disclose
                the
                terms of this Agreement to any person without the prior written consent
                of
                PureDepth and that, prior to any such disclosure, you will procure
                the
                written agreement of the relevant person or entity that they will
                maintain
                the confidentiality of this Agreement on the same
                terms.

            

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
      	
              7.

            	
              Conflicts
                Of Interest;
                Non-Competition

            

    

     

    
      	
              7.1

            	
              You
                represent and warrant, for the benefit of PureDepth, that you have
                the
                authority and capacity and are free to enter into this Agreement,
                and that
                this Agreement does not violate the terms of any agreement between
                you and
                any third party. Further, in rendering the Duties, you will not utilise
                any invention, discovery, development, improvement, innovation, or
                trade
                secret in which you do not have a proprietary interest.
                

            

    

     

    
      	
              7.2

            	
              You
                will not at any time during the term of this Agreement or for a period
                of
                6
                months
                after termination or expiration of this Agreement be directly or
                indirectly interested, engaged or concerned in, or assist financially
                or
                provide management duties to, any business the same as or similar
                to
                PureDepth (ie. operating in the multi-level display screen business),
                whether on your own account or as a consultant to or a partner, agent,
                trustee, employee, shareholder, member or director of any other person,
                or
                as beneficiary under a trust, or in any other way whatsoever.
                

            

    

     

    
      	
              7.3

            	
              For
                a period of 6
                months
                following termination of this Agreement, you will not, directly or
                indirectly hire, solicit, or encourage to leave PureDepth’s employment,
                any employee, consultant, or contractor of PureDepth or hire any
                such
                former employee, consultant, or contractor of
                PureDepth.

            

    

     

     

    
      	8.	
              Right
                to Injunction

            

    

     

    
      	
              8.1

            	
              You
                acknowledge that the Duties to be rendered by you and the rights
                and
                privileges granted to PureDepth under this Agreement are of a special,
                unique, unusual, and extraordinary character, the loss of which cannot
                be
                reasonably or adequately compensated by damages in any action at
                law. You
                further acknowledge that breach by you of any of the provisions of
                this
                Agreement will cause PureDepth irreparable injury and damage. You
                expressly agree that PureDepth will be entitled to injunctive and
                other
                equitable relief in the event of, or to prevent, a breach of any
                provision
                of this Agreement by you. Resort to such equitable relief, however,
                will
                not be construed to be a waiver of any other rights or remedies that
                PureDepth may have for damages or otherwise. The various rights and
                remedies of PureDepth under this Agreement or otherwise will be construed
                to be cumulative, and no one of them will be exclusive of any other
                or of
                any right or remedy allowed by law.

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