Document:

PROMISSORY NOTE

Principal Amount:  $100,000                               Interest Rate:  10.00%

         In  consideration  of  value  received,  receipt  of  which  is  hereby
acknowledged,  Montgomery Realty Group, Inc. a Nevada corporation doing business
in California as Nevada-Montgomery  Realty Group, Inc.  ("Borrower") promises to
pay to Dinesh Maniar ("Lender" or "Promisee"),  or order, in lawful money of the
United States of America,  the principal  amount of One Hundred Thousand Dollars
($100,000.00)  or so much as may be  outstanding,  together with interest on the
unpaid principal balance,  at the rate of ten percent (10.00%) per annum, as set
forth  below.  All  payments  under  this note  shall be made  payable to Dinesh
Maniar, or order.

Interest  Payments:  Interest  shall  accrue  under this note at the rate of Ten
Percent (10%) per annum.  Interest shall be paid monthly, with interest payments
commencing April 1, 2000 and continuing on the first day of each month until the
maturity on March 31, 2001, at which time all accrued but unpaid  interest shall
be due and payable.

Principal  Payment:  All of the  principal  due under this note,  together  with
accrued interest thereon, shall be due and payable on March 31, 2001.

Prepayment: This note may be prepaid, in whole or in part, prior to the maturity
dates set forth above, without a prepayment penalty or other charge therefore.

Waiver:  The Lender may delay or forgo  enforcing  any of his rights or remedies
under this Note without  losing  them.  Borrower and any other person who signs,
guarantees  or  endorses  this  Note,  to  the  extent  allowed  by  law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly agreed in writing, no
party who signs this Note, whether as maker, guarantor or accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  Note,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's  security  interest,  if any, and take such other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
agree that  Lender  may modify  this Note  without  the  consent of or notice to
anyone other than the party with whom this modification is made.

Late Charges:  In the event that any interest payment required  hereunder is not
paid on the due date and more than ten (10) days  shall have  elapsed  since the
due date,  then Borrower  shall pay to Lender a five percent (5%) late charge on
said late payment.

<PAGE>

Event of Default: An Event of Default shall exist if any of the following occur:
(a) failure by Borrower to make any  payment  required by this  Promissory  Note
when due;  (b)  failure by  Borrower  to honor any  material  term,  covenant or
condition as set forth in this  Promissory  Note; or (c) the  commencement  of a
bankruptcy proceeding by Borrower.

Remedies Upon Default:  In the Event of Default as described  above,  the Lender
may, without election of remedies do one or more of the following:  (a) continue
to  collect  payments  as they come due under  this  Note;  (b)  accelerate  the
principal  balance  due under  this Note  such that the full  amount of  accrued
interest and principal  becomes  immediately  payable;  (c) take such actions as
Lender deems appropriate to ensure payment of this Note.

Transferability:   Lender  may  assign,  pledge,  mortgage,  hypothecate,  sell,
transfer,  convey or otherwise dispose of Lender's interest in this Note without
the consent of Borrower or the giving of any notice. The obligations of Borrower
under this Note are not transferable without the written consent of Lender.

Waiver:  The Lender may delay or forgo  enforcing  any of her rights or remedies
under this Note without  losing  them.  Borrower and any other person who signs,
guarantees  or  endorses  this  Note,  to  the  extent  allowed  by  law,  waive
presentment, demand for payment, protest and notice of dishonor. Upon any change
in the terms of this Note, and unless otherwise  expressly agreed in writing, no
party who signs this Note, whether as maker, guarantor or accommodation maker or
endorser,  shall be released from liability.  All such parties agree that Lender
may renew or  extend  (repeatedly  and for any  length of time)  this  Note,  or
release any party or guarantor or collateral; or impair, fail to realize upon or
perfect Lender's  security  interest,  if any, and take such other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
agree that Lender  modify  this Note  without the consent of or notice to anyone
other than the party with whom this modification is made.

Attorneys  Fees:  This  Note  shall  be  governed  by the  laws of the  State of
California. In the event any action is taken by the Lender to enforce collection
of any sum due under this Note,  the maker  agrees to pay,  in  addition  to all
other sums chargeable hereunder, reasonable costs and attorneys fees incurred in
collection of this Note.

Counterparts:  This Note may be executed in counterparts, each of which shall be
deemed an original.

Dated:   March 27, 2000

                                                  /s/ Dinesh Maniar
                                                  -----------------------------
                                                  Mr. Dinesh Maniar
                                                  President
                                                  Montgomery Realty Group, Inc.Hoey

                                                                   EXHIBIT 10.16

 

EMPLOYMENT AND CONFIDENTIALITY AGREEMENT

 

This Employment and Confidentiality Agreement is made on July 15, 1999, between Indus
International, Inc., a Delaware Corporation (Indus), and Mark Hoey, ("EMPLOYEE"). 

WITNESSETH:  

WHEREAS, Indus desires to employ EMPLOYEE; and

WHEREAS, EMPLOYEE desires to accept employment as the Vice President of Business Management with Indus for
the purpose of developing the business of said corporation on the terms and conditions set forth
herein.

NOW,
THEREFORE, in consideration of the mutual agreements, undertakings, representations and warranties
contained herein, the parties hereto agree as follows:

1.  Purpose of Agreement

(a)  This Agreement shall supersede any and all prior employment and/or services agreements,
contracts or discussions between the parties and shall be the sole agreement governing their
relationship.  This agreement sets forth the terms and conditions governing the employment
relationship between Indus and EMPLOYEE from and after the date hereof.

(b)  Should any approval by, or registration or filing with, any public or regulatory agency be
required as a condition of any provision hereof being lawful or enforceable, said provision shall be
of no force or effect until and when all required registrations, filing and approvals have been
completed and obtained.

2.  Employment Services

Indus hereby employs EMPLOYEE and EMPLOYEE accepts employment as a full-time
EMPLOYEE
to Indus at EMPLOYEE's annual salary of $200,000.00, payable in equal sums on a semi-
monthly basis.  In addition to the above salary, the following compensation will be paid to
EMPLOYEE:

	A one-time signing bonus of $25,000 less applicable taxes, to
be paid within thirty (30) days of employment date.

	For meeting goals and performance objectives established for the EMPLOYEE, an incentive
bonus for 1999 will be paid pro-rated for Q3, based on employment date and mutually agreeable goals
and objectives.

(a)  EMPLOYEE shall, for the compensation specified above, perform all duties

assigned by Indus including without limitation those goals and obligations of Indus' Business
Plan which are appropriate to the EMPLOYEE.

(b)  EMPLOYEE while employed shall devote EMPLOYEE's full time to the business of Indus, and
shall not undertake any activity in conflict with or detrimental to Indus.

3.  Benefits

(a)  EMPLOYEE shall, while employed, receive such medical and dental, life and disability insurance
coverage as provided for in Indus' qualified medical plan.

(b)  EMPLOYEE shall, while employed, be provided twenty (20) working days of paid time off (PTO) each year.
PTO shall
accumulate at the rate of 1.66 days per month of employment.  The maximum number of days which may
be accumulated is forty (40).  No days shall be earned while accumulated balance is forty (40).

(c)   Indus will observe eight (8) paid holidays each year.  A schedule of paid holidays will be
published at the beginning of each year.

(d)  EMPLOYEE shall, while employed, be enrolled in Indus' qualified retirement plan upon completion of
the plan's eligibility period.

(e)   EMPLOYEE shall, while employed, be covered by Indus' Directors and Officers liability insurance
plan.

(f)    EMPLOYEE shall receive 125,000 stock options valued at the strike price on the date of employment,
and vesting at twenty-five (25%) on employment date and twenty-five (25%) per year, thereafter,
until fully vested.  Should there be a change of control of Indus International, all remaining
outstanding options shall immediately vest.

 

4.  Relocation

(a)  In the event that Indus requires EMPLOYEE to relocate the EMPLOYEE'S residence
as part of the terms of employment, Indus shall reimburse EMPLOYEE for actual moving expenses incurred as a
result of the required relocation.

(b)  EMPLOYEE shall provide to Indus written estimates from moving companies, as specified in the Indus
relocation policy.  Indus will then select the company with which EMPLOYEE may contract.

(c)  In the event that EMPLOYEE voluntarily terminates employment with Indus within twenty four (24)
months of the effective date of relocation, EMPLOYEE shall repay Indus, on a pro-rata basis,
for any relocation reimbursements previously collected by EMPLOYEE.

5.   Change of Control

In the case of a change of control of Indus International within twelve (12) months of
EMPLOYEE'S employment date which results in a change of employment circumstances for EMPLOYEE, that
materially and adversely impacts EMPLOYEE, and whereby EMPLOYEE is demoted
with a reduction in responsibility and compensation, or EMPLOYEE is required to relocate to an undesirable
location, then Indus, if EMPLOYEE terminates employment, will pay EMPLOYEE six (6) months of base pay, over
a period of twelve (12) months in twenty-four (24) semi-monthly installments, beginning thirty (30)
days from date of termination.

6.  Confidential Information

EMPLOYEE understands that Indus possesses valuable confidential information, as defined below, to
which EMPLOYEE may have access in the performance of job duties.  EMPLOYEE is responsible for maintaining
the confidentiality of the such information.

(a)  Definition

Confidential information consists of all information and any idea in whatever form, tangible or
intangible, pertaining in any manner to the business of Indus or its clients, suppliers, joint
venturers, licensors, licensees, distributors and other persons and entities with whom Indus does
business, including without limitation any formula, pattern, compilation, program, device, method,
technique or process that derives independent economic value, actual or potential, from not being
generally known to the public or to other persons who can obtain economic value from its disclosure
or use.  Examples of Indus' confidential information include, but are not limited to, the names of
other persons, firms, partnerships, associations, corporations or business organizations, entities
or enterprises having business dealings with Indus, the business of Indus, any trade secret, know-
how, or knowledge relating to the manufacturing, sales or marketing techniques, or financial data of
Indus.

(b)  General Restrictions on Use

All confidential information should be accessed by EMPLOYEE on a need-to-know basis only.
EMPLOYEE
will not disclose or use at any time, either during or after employment, any confidential
information except for the exclusive benefit of Indus as necessary for the performance of
EMPLOYEE's duties for Indus.  Any breach of this policy will not be tolerated and may result in
disciplinary action, up to and including termination.  Legal action also may be taken against
employees or former employees who breach this confidentiality policy.

Upon termination of employment for any reason, EMPLOYEE will immediately provide to Indus all
materials in whatever form in his or her possession or control, including all copies, that include
or disclose Indus' confidential information.

At all times after employment terminates for any reason, EMPLOYEE shall not use or reveal any
confidential information, as defined above, or trade secret of Indus for any purpose without the
express prior written consent of Indus.  As used herein, trade secret shall be deemed to include
every thing or concept possible of protection under California Civil Code 3426.1(d) as it now exists
or may hereafter including without limitation the names of (i) any person or entity with whom Indus
had any contractual relationship or for whom it rendered services or sold any product within the 12
months before cessation of employment, or (ii) any person or entity whose business was solicited by
Indus within the 12 months before cessation of employment.

(c)  Interference with Business

EMPLOYEE acknowledges that the performance of activities prohibited by this subsection would
necessarily involve the use or disclosure of Indus' confidential information or trade secrets in
breach of the above provisions, but that proof of such breach would be extremely difficult.  In
consideration of employment under this Agreement and in order to prevent breach of this section,
EMPLOYEE
agrees not to act in contravention of the following subsections.

 
(1)  Customers and Suppliers

EMPLOYEE shall not at any time during the term of this Employment Agreement or for a twelve (12)
month period immediately following the termination of employment with Indus, disclose to any person,
firm, partnership, association, corporation or business organization, entity or enterprise the names
of suppliers to or customers of or the names of other persons, firms, partnerships, associations,
corporations or business organizations, entities or enterprises having business dealings with Indus,
the business of Indus, any trade secret, know-how, or knowledge relating to the manufacturing, sales
or marketing techniques, or financial data of Indus.

EMPLOYEE further shall not, for the benefit of EMPLOYEE or any third party, at any time during the
term of this Agreement or for a twelve (12) month period thereafter, divert or attempt to divert any
business of any kind from Indus, including without limitation the solicitation of or interference
with any of Indus' customers or suppliers.

(2)  Indus' Employees and Contractors

EMPLOYEE shall not at any time during the term of this Employment Agreement or for a twelve (12)
month period immediately following the termination of employment with Indus, employ or solicit for
employment any person employed by Indus or with whom Indus has a contract for the provision of
services.

7.  Bonus Pool   

The Board of Directors of Indus intends, but shall have no contractual or enforceable obligation
to, from time to time as determined solely by the Board of Directors, designate a "bonus pool" and
distribute, in cash, to the employees and shareholder(s) of Indus, that portion of the bonus pool as
determined by the Board of Directors of Indus, taking into account the recommendation of the
operating officers thereof (as designated by the Board of Directors).

8.  Severability 

If any provision of this Agreement is for any reason unenforceable or void as set forth herein,
such provision shall be deemed modified if possible or severed from the balance of this Agreement to
the extent required to eliminate only such portions or applications as are either unenforceable or
void, but otherwise shall remain in full force and effect.

 

 

9.  Notice  

Any notice required or permitted to be given under this Agreement shall be sufficient if in
writing, and if sent by registered or certified mail, postage prepaid, to the addresses set forth
below:

To Indus:Indus International, Inc.

60 Spear Street

San Francisco, CA  94105

To EMPLOYEE:Mark Hoey

18 White Rock Trail

Lucas, TX  75002

Either party may change the address for giving of notices by notice given pursuant to this
paragraph.

10.  Waiver  

The waiver by one party of a breach of any provision of this Agreement by the other shall not
operate or be construed as a waiver of any prior, subsequent, or other breach of any such provision
hereof.

11.  Entire Agreement, Captions  

This Agreement contains the entire agreement of the parties relating to the matters set forth
herein and may be amended only by a writing signed by Indus

and EMPLOYEE.  Paragraph captions are for the convenience of the parties and are not a part of this
Agreement.

12.  Effective Date and Term  

EMPLOYEE acknowledges that there is no agreement, express or implied, between EMPLOYEE and Indus for
any specific period of employment, any specific position of employment, or for continuing or long-
term employment.  EMPLOYEE and Indus each have a right to terminate employment, with or without
cause, at any time.  EMPLOYEE acknowledges that this "at-will" employment relationship
constitutes the entire agreement between the parties with respect to the nature of the employment
relationship, the employee's position, the duration of employment and the termination of employment,
and that it supersedes any and all previous oral or written communications, representations or
agreements, express or implied.  This at-will agreement may be altered only in writing in an
agreement written expressly for that purpose after the date of this Agreement and signed by
EMPLOYEE
and Indus' President.

13.  Attorneys' Fees  

In the event of a dispute hereunder, the prevailing party shall be entitled to recover attorneys'
fees and costs as awarded by a court.

  

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

Indus International, Inc.

By:  Robert A. Pocsik

Senior Vice President

Human Resources & Administration

	 	 
	 	
Date

	 	 
	
MARK HOEY
	
Date

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