Document:

Unassociated Document

    
      
        

      

    

    Exhibit
      10.6

    

    EMPLOYMENT
      AGREEMENT

    LIMELIGHT
      MEDIA GROUP, INC.

    

    This
      Employment Agreement (this “Agreement”)
      is
      entered into as of June 30, 2005 (the “Commencement
      Date”)
      by and
      between Joseph Martinez, an individual residing at 19 Brigadier, Irving,
      California 92603 (the “Executive”),
      and
      Limelight Media Group, Inc., a corporation organized under the laws of the
      State
      of Delaware with offices at 8000
      Centerview Parkway, Cordova, Tennessee 38018
      (the
“Company”).
      

    

    In
      consideration of the premises and mutual covenants herein contained, and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, Company and Executive, (each a “Party,”
      and
      together the “Parties”)
      hereby
      agree as follows:

    

    
      	 	
              1.

            	
              Definitions

            

    

    

    “Accrued
      Amount”
      shall
      have the meaning set forth in Section 5(a) hereof.

    

    “Annual
      Base Salary”
      shall
      have the meaning set forth in Section 4(a) hereof.

    

    “Business”
      shall
      mean the provision of digital advertising services to the out-of-home
      advertising market.

    

    “Business
      Personnel”
      shall
      mean, as of any date, any person (a) who is, or within the one (1)-year period
      prior to such date was, an employee of the Company or any subsidiary or
      affiliate thereof, or (b) who is, or within the one (1)-year period prior to
      such date was, a consultant or free-lance worker engaged in the Business for
      or
      on behalf of the Company or any subsidiary or affiliate thereof.

    

    “Cause”
      shall
      mean (a) Executive’s conviction of, admission of guilt to or plea of
nolo
      contendere
      or
      similar plea (which, through lapse of time or otherwise, is not subject to
      appeal) with respect to any crime or offense that constitutes a felony in the
      jurisdiction involved; (b) acts of dishonesty or moral turpitude which are
      materially detrimental to the Company; (c) repeated willful failure by Executive
      to obey the reasonable and lawful orders of the Board of Directors of the
      Company which remains uncured, if reasonably capable of cure, for thirty (30)
      days from receipt of written notice thereof from the Company; (d) any act by
      Executive in violation of Section 8 hereof, any statement or disclosure by
      Executive in violation of Section 6 hereof, or any material breach by Executive
      of any provision of this Agreement which remains uncured, if reasonably capable
      of cure, for thirty (30) days from receipt of written notice thereof from the
      Company; (e) excessive alcoholism or addiction to drugs by Executive not
      prescribed by a qualified physician, provided,
      however,
      that
      such condition shall be confirmed by a qualified physician; or (f) gross
      negligence by Executive in the performance of the Executive’s obligations
      hereunder. 

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    “Commencement
      Date”
      shall
      mean June 30, 2005.

    

    “Confidential
      Information”
      shall
      mean all of the Company's trade secrets and proprietary and confidential
      information consisting of, but not limited to, customer lists, processes,
      computer programs, compilations of information, records, sales and solicitation
      procedures, customer requirements, pricing techniques and information, pricing,
      methods of doing business and any other information generally used in the
      operation of the Business not generally known in the industry relevant to the
      Business or otherwise not generally available to the public, which was obtained
      by Executive during his employment or from the Company. For purposes of the
      definition of Confidential Information, “the
      Company”
      shall
      be deemed to include the Company, its predecessors and successors and any
      subsidiaries or affiliates of the Company.

    

    “Disability”
      shall
      mean, with respect to Executive, the inability due to illness, accident, injury,
      physical, or mental incapacity or other disability to participate effectively
      or
      actively in the affairs of the Company or any of its subsidiaries or affiliates
      for more than twenty-six (26) consecutive weeks or more than thirty-nine (39)
      weeks in any consecutive fifty-two (52) week period as determined in good faith
      by the Company.

    

    “Employment
      Period”
      shall
      have the meaning set forth in Section 2 hereof.

    

    “Expiration
      Date”
      shall
      have the meaning set forth in Section 2 hereof.

    

    “Good
      Reason”
      shall
      mean the occurrence of any one or more of the following events which has not
      been cured within thirty (30) days after the Company's receipt of written notice
      thereof from Executive: (a) a material breach by the Company of any material
      provision of this Agreement; (b) any decrease in Executive's Annual Base Salary
      without the prior written consent of Executive; (c), any decrease or demotion
      in
      Executive’s title or material diminution of responsibilities as set forth in
      this Agreement; or (d) a required relocation of Executive’s primary place of
      work of no more than thirty (30) miles from Seattle, Washington.

    

    “Notice
      of Termination”
      shall
      have the meaning set forth in Section 5(c) hereof.

    

    “Restricted
      Activities”
      shall
      have the meaning set forth in Section 9 hereof.

    

    “Restricted
      Persons”
      shall
      have the meaning set forth in Section 9 hereof.

    

    “Severance
      Period”
      shall
      have the meaning set forth in Section 5(b) hereof.

    

    2.            
      Employment
      Term. The
      Company hereby agrees to employ Executive, and Executive hereby agrees to be
      employed by the Company, for a term (the “Employment
      Period”)
      commencing on the Commencement Date and expiring on the third anniversary of
      the
      Commencement Date (the “Expiration
      Date”),
      unless earlier terminated as provided herein. 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.            
      Services. During
      the Employment Period, Executive shall hold the position of Chief Financial
      Officer of the Company, reporting directly the Company’s board of directors.
      Executive shall devote substantially all of his business time, skill and
      attention to the business of the Company and its subsidiaries and affiliates
      engaged in the Business and shall perform such duties as are customarily
      performed by similar executives and as are more specifically enumerated ,in
      Exhibit
      A
      attached
      hereto, which are consistent with Executive's position; provided,
      however,
      that
      the foregoing is not intended to preclude Executive, subject to the restrictions
      set forth in Section 8 hereof, from (a) owning and managing personal
      investments, or (b) engaging in charitable activities and community affairs,
      provided that the performance of these activities referred to in clauses (a)
      and
      (b) does not prevent Executive from devoting substantially all of his business
      time to the Company and its subsidiaries and affiliates. 

    

    4.            
      Compensation
      and Benefits. 

    

    (a)           
      Annual
      Base Salary.
      Subject
      to Section 4(b) below, during the Employment Period, the Company shall pay
      Executive an annual base salary in the amount of One Hundred Twenty Thousand
      Dollars ($120,000) (the “Annual
      Base Salary”).
      The
      Annual Base Salary shall
      be
      payable in accordance with the Company's normal payroll practices. 

    

    (b)         
       Benefits.
      In
      addition to the Annual Base Salary set
      forth
      above, Executive shall be eligible for the following benefits:

    

    (i)         
      To
      the
      extent eligible, participation in any welfare benefit plans, programs or
      policies, including, without limitation, any health, dental, vision plan, as
      may
      be made generally available to employees of the Company, as each such plan,
      policy or program may be adopted or amended from time to time; 

    

    (ii)         
      To
      the
      extent eligible, participation in all pension, retirement, savings and other
      employee benefit plans and programs, as each such plan may be adopted or amended
      from time to time;

    

    (iii)        
      Paid
      vacation pursuant to the vacation policy of the Company, as the same may be
      adopted or amended from time to time, provided,
      however,
      Executive shall be entitled to not less than three (3) weeks paid vacation;
      and

    

    (iv)       
      Reimbursement
      for reasonable business expenses incurred by Executive in furtherance of the
      interests of the Company in accordance with the policy of the Company, as the
      same may be amended from time to time.

    

    (v)        
      Cash
      bonuses, option grants, life insurance, disability insurance, and other
      appropriate insurance coverages as mutually agreed by Executive and the Company
      and as approved by the Company’s board of directors.

    

    (c)          Withholding.
      The
      Company shall deduct and withhold from such compensation all social security
      and
      other federal, state and local taxes and charges which currently are or which
      hereafter may be required by law to be so deducted and
      withheld.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	 	
              5.

            	
              Termination
                of Employment.

            

    

    

    (a)         
      In
      the
      event (i) the Company terminates Executive's employment with the Company for
      Cause, (ii) Executive voluntarily terminates his employment with the Company
      other than for Good Reason, or (iii) Executive's employment terminates as a
      result of either Executive's death or Disability, the Company shall pay
      Executive (or his estate in the case of death) any unpaid salary, any vacation
      accrued but unused, and reimbursement for any unreimbursed expenses, all through
      and including the date of termination (the “Accrued
      Amount”)

    

    (b)         
      In
      the
      event the Executive's employment is terminated for any reason other than (i)
      by
      the Company for Cause, (ii) by Executive voluntarily without Good Reason, the
      Company shall pay to Executive (A) the Accrued Amount, plus (B) his Annual
      Base
      Salary, pro-rated, for the lesser of (i) the balance of the Employment Period,
      or (ii) twelve (12) months following such date of termination (the “Severance
      Period”),
      with
      such pro-rated payments of Annual Base Salary to be made on a monthly basis.
      

    

    (c)         
      Any
      termination of Executive's employment by the Company or any such termination
      by
      Executive (other than on account of death) shall be communicated by written
      Notice of Termination to the other Party. For purposes of this Agreement, a
      “Notice
      of Termination”
      shall
      mean a notice which shall indicate the specific termination provision in this
      Agreement relied upon and shall set forth in reasonable detail the facts and
      circumstances claimed to provide a basis for termination of Executive's
      employment under the provision so indicated.

     

    
      	 	
              6.

            	
              Confidential
                Information.
                

            

    

    

    Executive
      understands and acknowledges that during his employment with the Company, he
      has
      been and will be exposed to Confidential Information, all of which is
      proprietary and which rightfully belongs to the Company. Executive acknowledges
      and agrees that the Confidential Information is a valuable, special, and unique
      asset of the Company, the disclosure or unauthorized use of which could cause
      substantial injury and loss of profits and good will to the Company.
      Accordingly, Executive shall hold in a fiduciary capacity for the benefit of
      the
      Company such Confidential Information obtained by Executive during his
      employment with the Company and shall not, directly or indirectly, at any time,
      either during or after his employment with the Company, without the Company’s
      prior written consent, use any of such Confidential Information for his own
      benefit, for the benefit of others, or to the detriment of the Company or
      disclose any of such Confidential Information to any individual or entity other
      than the Company or its employees, except as required in the performance of
      his
      duties for the Company or as otherwise required by law. Executive shall take
      all
      reasonable steps to safeguard such Confidential Information and to protect
      such
      Confidential Information against disclosure, misuse, loss, or
      theft.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	 	
              7.

            	
              Return
                of Documents.

            

    

    

    Except
      for such items which are of a personal nature to and the property of Executive
      (e.g.,
      daily
      business planner and roll-o-dex), all writings, records, and other documents
      and
      things containing any Confidential Information shall be the exclusive property
      of the Company, shall not be copied, summarized, extracted from, or removed
      from
      the premises of the Company, except in pursuit of the business of the Company
      or
      at the direction of the Company, and shall be delivered to the Company, without
      retaining any copies, upon the termination of Executive's employment or at
      any
      time as requested by the Company.

    

    
      	 	
              8.

            	
              Non
                Compete/Non Solicit. 

            

    

    

    Executive
      agrees that during the Employment Period and for the one (1)-year period
      following the Employment Period, Executive shall not, and shall use his best
      efforts to ensure that any agents, representatives and any other persons acting
      on his behalf (Executive and such agents, representatives, and other persons
      collectively hereinafter referred to as the “Restricted
      Persons”)
      do
      not, directly or indirectly, for the benefit of the Executive, any other
      Restricted Persons or their affiliates (the activities being so restricted
      hereinafter being referred to as the “Restricted
      Activities”):
      

    

    (a)         
      Own,
      manage, operate, join, control, or participate in the ownership, management,
      operation or control of, or be connected with as a director, officer, executive
      or administrative employee, partner, lender, consultant or otherwise with any
      business or division or line of business or organization in the United States
      which engages in a business substantially similar to or directly or indirectly
      competitive with the Business of the Company or any of its subsidiaries and
      affiliates. Nothing herein shall prohibit Executive and all other Restricted
      Persons collectively from being passive owners of an aggregate of not more
      than
      five (5%) percent of the outstanding stock of any class of securities of a
      corporation which is publicly traded and substantially similar to or competitive
      with the Business of the Company or any of its subsidiaries and affiliates,
      so
      long as he has no active participation (including, without limitation, as a
      consultant or advisor) in the business of such corporation or other entity;
      

    

    (b)        
      Induce
      or
      attempt to persuade any current or then current customer or vendor of the
      Company, or any of its subsidiaries or affiliates to terminate such relationship
      with the Company, or any of its subsidiaries or affiliates; and

    

    (c)         
      Induce
      or
      attempt to persuade any Business Personnel to terminate or to refuse to enter
      into any employment, agency or other business relationship with the Company,
      or
      any of its subsidiaries or affiliates.

    

    Executive
      acknowledges and agrees that the violation of this non competition/non
      solicitation covenant could cause substantial injury and loss of profits to
      the
      Company. The Parties hereby acknowledge and agree that this Section 8 will
      not
      apply in the case where Executive’s employment with the Company is terminated
      without Cause or for Good Reason.  

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	 	
              9.

            	
              Enforcement.

            

    

    

    (a)         
      For
      purposes of Sections 6, 7, or 8, the Company shall be deemed to include the
      Company, its predecessors and successors and any subsidiaries and affiliates
      of
      the Company.

    

    (b)         
      If,
      at the
      time of enforcement of Sections 6, 7, or 8, a court shall hold that the
      duration, scope, area, or other restrictions placed on Executive therein are
      unreasonable, the Parties agree that without further action on their parts
      reasonable maximum duration, scope, area or other restrictions shall be
      substituted by such court for the stated duration, scope, area, or other
      restrictions.

    

    (c)         
      The
      Parties agree that the Company, or its subsidiaries or affiliates would suffer
      irreparable harm from a breach by Executive of any of the covenants or
      agreements contained in Sections
      6, 7, or 8.
      Therefore, in the event of the actual or threatened breach by Executive of
      any
      of
      Sections
      6, 7, or 8,
      the
      Company or any of its subsidiaries or affiliates may, in addition and
      supplementary to other rights and remedies existing in its favor, apply to
      any
      court of law or equity of competent jurisdiction for specific performance and/or
      injunctive or other relief in order to enforce or prevent any violation of
      the
      provisions hereof. 

     

    
      	 	
              10.

            	
              Maintenance
                of Records.

            

    

    

    So
      long
      as Executive is employed by the Company, Executive shall maintain proper files
      and records relating to work performed by him in accordance with standard
      procedures of the Company or as otherwise reasonably specified by the Company
      from time to time. All such files and records are to be kept in the Company’s
      custody and subject to its control and to be the exclusive property of the
      Company. Upon termination of Executive’s employment with the Company or any
      affiliate thereof, Executive shall deliver to the Company all files and records
      of any nature which are in Executive’s possession or control and which relate in
      any manner to his employment or to the activities of the Company or any
      affiliate thereof.

    

    
      	 	
              11.

            	
              Successors
                and Assigns.

            

    

    

    (a)         
      This
      Agreement and all rights of the Company hereunder shall inure to the benefit
      of
      and be enforceable by the Company’s successors and assigns. 

    

    (b)         
      This
      Agreement and all rights of Executive hereunder shall inure to the benefit
      of
      and be enforceable by Executive's personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees, and legatees. If
      Executive should die while any amounts would still be payable to him hereunder
      if he had continued to live, all such amounts, unless otherwise provided herein,
      shall be paid in accordance with the terms of this Agreement to Executive's
      devisee, legatee, or other designee or, if there be no such designee, to
      Executive's estate.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              12.

            	
              Modification
                or Waiver. 

            

    

    

    No
      amendment, modification, waiver, termination, or cancellation of this Agreement
      shall be binding or effective for any purpose unless it is made in a writing
      signed by the Party against whom enforcement of such amendment, modification,
      waiver, termination, or cancellation is sought. No course of dealing between
      or
      among the Parties shall be deemed to affect or to modify, amend, or discharge
      any provision or term of this Agreement. No delay on the part of the Company
      or
      Executive in the exercise of any of their respective rights or remedies shall
      operate as a waiver thereof, and no single or partial exercise by the Company
      or
      Executive of any such right or remedy shall preclude other or further exercise
      thereof. A waiver of right or remedy on any one occasion shall not be construed
      as a bar to or waiver of any such right or remedy on any other
      occasion.

    

    
      	 	
              13.

            	
              Notices. 

            

    

    

    All
      notices or other communications required or permitted hereunder shall be made
      in
      writing and shall be deemed to have been duly given if delivered by hand or
      delivered by a recognized delivery service or mailed, postage prepaid, by
      express, certified or registered mail, return receipt requested, and addressed
      to the Executive or to the Company (with a copy addressed to Eric M. Hellige,
      Esq, Pryor Cashman Sherman & Flynn, 410 Park Avenue, New York, New York
      10022), at the address set forth above (or to such other address as shall have
      been previously provided in accordance with this Paragraph 13).

    

    
      	 	
              14.

            	
              Governing
                Law.

            

    

    

    This
      Agreement will be governed by and construed in accordance with the laws of
      the
      State of Washington without regard to principles of conflicts of laws
      thereunder. Any dispute arising out of this Agreement that is not settled by
      mutual consent of the parties shall be adjudicated by any federal or state
      court
      sitting in King County, Washington. Each Party consents to the exclusive
      jurisdiction of such courts over any such dispute.

    

    
      	 	
              15.

            	
              Severability. 

            

    

    

    Whenever
      possible, each provision and term of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      or term of this Agreement shall be held to be prohibited by or invalid under
      such applicable law, then such provision or term shall be ineffective only
      to
      the extent of such prohibition or invalidity, without invalidating or affecting
      in any manner whatsoever the remainder of such provisions or term or the
      remaining provisions or terms of this Agreement.

    

    
      	 	
              16.

            	
              Counterparts.  

            

    

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    This
      Agreement may be executed in separate counterparts, each of which is deemed
      to
      be an original and both of which taken together shall constitute one and the
      same agreement.

    

    
      	 	
              17.

            	
              Headings.  

            

    

    

    The
      headings of the Paragraphs of this Agreement are inserted for convenience only
      and shall not be deemed to constitute a part hereof and shall not affect the
      construction or interpretation of this Agreement.

    

    
      	 	
              18.

            	
              Entire
                Agreement. 

            

    

    

    This
      Agreement constitutes the entire agreement of the Parties with respect to the
      subject matter hereof and supersedes all other prior agreements and
      undertakings, both written and oral, among the Parties with respect to the
      subject matter hereof.

    

    
      	 	
              19.

            	
              Survival
                of Agreements. 

            

    

    

    The
      covenants made in Sections 5, 6, 7, 8, 9, and 11-16 shall survive the
      termination of this Agreement.

     

    

    

    [Remainder
      of page left intentionally blank]

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first above
      written.

    

    
      	 	
              LIMELIGHT
                MEDIA GROUP, INC.

            	 
	
               

            	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/David
                V. Lott

            	 
	 	 	
              Name:
                David V. Lott

            	 
	 	 	
              Title:
                Chief Executive Officer

            	 
	 	 	 	 
	 	 	 	 
	 	
              EXECUTIVE

            	 
	 	 	 	 
	 	 	 	 
	 	
              /s/Joseph
                Martinez

            	 
	 	
              Joseph
                Martinez

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    RESPONSIBILITIES

    

    

    
      	 	
              o

            	
              Business
                and financial strategy and planning, monitoring, management and reporting,
                including management and development of policies, systems, processes
                and
                personnel involved. 

            

    

    
      	 	
              o

            	
              SOX
                Adherence.

            

    

    
      	 	
              o

            	
              Reporting
                and accounting as per regulatory a legal requirements including taxation,
                dividends, annual report and accounts.

            

    

    
      	 	
              o

            	
              Management
                of strategy for and liaison with stock market, business press and
                business
                analysts community. 

            

    

    
      	 	
              o

            	
              Financial
                staff management, motivation, training, recruitment and selection.
                

            

    

    
      	 	
              o

            	
              Contribute
                to strategic planning and development as a member of executive team,
                and
                keeping and distributing notes and records, reports to executive
                and
                management team. 

            

    

    
      	 	
              o

            	
              Oversee
                company insurance, import/export administration, licensing, contracts
                and
                agreements, legal areas and activities, corporate level negotiations
                (e.g.
                premises, plant, trading, acquisitions and divestments, disposals),
                major
                supplier/customer/partner relationships, regulatory bodies relationships
                and strategies, approvals and accreditations.Unassociated Document

    
      
        

      

    

    Exhibit
      10.7

    

    

    EMPLOYMENT
      AGREEMENT

    LIMELIGHT
      MEDIA GROUP, INC.

    

    This
      Employment Agreement (this “Agreement”)
      is
      entered into as of June 30, 2005 (the “Commencement
      Date”)
      by and
      between Steven Corey, an individual residing at 4904 111th
      Avenue
      NE, Kirkland, Washington 98033 (the “Executive”),
      and
      Limelight Media Group, Inc., a corporation organized under the laws of the
      State
      of Nevada with offices at 8000
      Centerview Parkway, Cordova, Tennessee 38018
      (the
“Company”).
      

    

    In
      consideration of the premises and mutual covenants herein contained, and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, Company and Executive, (each a “Party,”
      and
      together the “Parties”)
      hereby
      agree as follows:

    

    
      	 	
              1.

            	
              Definitions

            

    

    

    “Accrued
      Amount”
      shall
      have the meaning set forth in Section 5(a) hereof.

    

    “Annual
      Base Salary”
      shall
      have the meaning set forth in Section 4(a) hereof.

    

    “Business”
      shall
      mean the provision of digital advertising services to the out-of-home
      advertising market.

    

    “Business
      Personnel”
      shall
      mean, as of any date, any person (a) who is, or within the one (1)-year period
      prior to such date was, an employee of the Company or any subsidiary or
      affiliate thereof, or (b) who is, or within the one (1)-year period prior to
      such date was, a consultant or free-lance worker engaged in the Business for
      or
      on behalf of the Company or any subsidiary or affiliate thereof.

    

    “Cause”
      shall
      mean (a) Executive’s conviction of, admission of guilt to or plea of
nolo
      contendere
      or
      similar plea (which, through lapse of time or otherwise, is not subject to
      appeal) with respect to any crime or offense that constitutes a felony in the
      jurisdiction involved; (b) acts of dishonesty or moral turpitude which are
      materially detrimental to the Company; (c) repeated willful failure by Executive
      to obey the reasonable and lawful orders of the Board of Directors of the
      Company which remains uncured, if reasonably capable of cure, for thirty (30)
      days from receipt of written notice thereof from the Company; (d) any act by
      Executive in violation of Section 8 hereof, any statement or disclosure by
      Executive in violation of Section 6 hereof, or any material breach by Executive
      of any provision of this Agreement which remains uncured, if reasonably capable
      of cure, for thirty (30) days from receipt of written notice thereof from the
      Company; (e) excessive alcoholism or addiction to drugs by Executive not
      prescribed by a qualified physician, provided,
      however,
      that
      such condition shall be confirmed by a qualified physician; or (f) gross
      negligence by Executive in the performance of the Executive’s obligations
      hereunder. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    “Commencement
      Date”
      shall
      mean June 30, 2005.

    

    “Confidential
      Information”
      shall
      mean all of the Company's trade secrets and proprietary and confidential
      information consisting of, but not limited to, customer lists, processes,
      computer programs, compilations of information, records, sales and solicitation
      procedures, customer requirements, pricing techniques and information, pricing,
      methods of doing business and any other information generally used in the
      operation of the Business not generally known in the industry relevant to the
      Business or otherwise not generally available to the public, which was obtained
      by Executive during his employment or from the Company. For purposes of the
      definition of Confidential Information, “the
      Company”
      shall
      be deemed to include the Company, its predecessors and successors and any
      subsidiaries or affiliates of the Company.

    

    “Disability”
      shall
      mean, with respect to Executive, the inability due to illness, accident, injury,
      physical, or mental incapacity or other disability to participate effectively
      or
      actively in the affairs of the Company or any of its subsidiaries or affiliates
      for more than twenty-six (26) consecutive weeks or more than thirty-nine (39)
      weeks in any consecutive fifty-two (52) week period as determined in good faith
      by the Company.

    

    “Employment
      Period”
      shall
      have the meaning set forth in Section 2 hereof.

    

    “Expiration
      Date”
      shall
      have the meaning set forth in Section 2 hereof.

    

    “Good
      Reason”
      shall
      mean the occurrence of any one or more of the following events which has not
      been cured within thirty (30) days after the Company's receipt of written notice
      thereof from Executive: (a) a material breach by the Company of any material
      provision of this Agreement; (b) any decrease in Executive's Annual Base Salary
      without the prior written consent of Executive; (c), any decrease or demotion
      in
      Executive’s title or material diminution of responsibilities as set forth in
      this Agreement; or (d) a required relocation of Executive’s primary place of
      work of no more than thirty (30) miles from Seattle, Washington.

    

    “Notice
      of Termination”
      shall
      have the meaning set forth in Section 5(c) hereof.

    

    “Restricted
      Activities”
      shall
      have the meaning set forth in Section 9 hereof.

    

    “Restricted
      Persons”
      shall
      have the meaning set forth in Section 9 hereof.

    

    “Severance
      Period”
      shall
      have the meaning set forth in Section 5(b) hereof.

    

    2.           
      Employment
      Term. The
      Company hereby agrees to employ Executive, and Executive hereby agrees to be
      employed by the Company, for a term (the “Employment
      Period”)
      commencing on the Commencement Date and expiring on the third anniversary of
      the
      Commencement Date (the “Expiration
      Date”),
      unless earlier terminated as provided herein. 

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    3.           
      Services. During
      the Employment Period, Executive shall hold the position of Chief Strategy
      Officer of the Company, reporting directly the Company’s board of directors.
      Executive shall devote substantially all of his business time, skill and
      attention to the business of the Company and its subsidiaries and affiliates
      engaged in the Business and shall perform such duties as are customarily
      performed by similar executives and as are more specifically enumerated ,in
      Exhibit
      A
      attached
      hereto, which are consistent with Executive's position; provided,
      however,
      that
      the foregoing is not intended to preclude Executive, subject to the restrictions
      set forth in Section 8 hereof, from (a) owning and managing personal
      investments, or (b) engaging in charitable activities and community affairs,
      provided that the performance of these activities referred to in clauses (a)
      and
      (b) does not prevent Executive from devoting substantially all of his business
      time to the Company and its subsidiaries and affiliates. 

    

    
      	 	
              4.

            	
              Compensation
                and Benefits. 

            

    

    

    (a)          
      Annual
      Base Salary.
      Subject
      to Section 4(b) below, during the Employment Period, the Company shall pay
      Executive an annual base salary in the amount of One Hundred Twenty Thousand
      Dollars ($120,000) (the “Annual
      Base Salary”).
      The
      Annual Base Salary shall
      be
      payable in accordance with the Company's normal payroll practices. 

    

    (b)          
      Benefits.
      In
      addition to the Annual Base Salary set
      forth
      above, Executive shall be eligible for the following benefits:

    

    (i)         
      To
      the
      extent eligible, participation in any welfare benefit plans, programs or
      policies, including, without limitation, any health, dental, vision plan, as
      may
      be made generally available to employees of the Company, as each such plan,
      policy or program may be adopted or amended from time to time; 

    

    (ii)         
      To
      the
      extent eligible, participation in all pension, retirement, savings and other
      employee benefit plans and programs, as each such plan may be adopted or amended
      from time to time;

    

    (iii)         Paid
      vacation pursuant to the vacation policy of the Company, as the same may be
      adopted or amended from time to time, provided,
      however,
      Executive shall be entitled to not less than three (3) weeks paid vacation;
      and

    

    (iv)        
      Reimbursement
      for reasonable business expenses incurred by Executive in furtherance of the
      interests of the Company in accordance with the policy of the Company, as the
      same may be amended from time to time.

    

    (v)         
      Cash
      bonuses, option grants, life insurance, disability insurance, and other
      appropriate insurance coverages as mutually agreed by Executive and the Company
      and as approved by the Company’s board of directors.

    

    (c)         
      Withholding.
      The
      Company shall deduct and withhold from such compensation all social security
      and
      other federal, state and local taxes and charges which currently are or which
      hereafter may be required by law to be so deducted and
      withheld.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
      	 	
              5.

            	
              Termination
                of Employment.

            

    

    

    (a)         
      In
      the
      event (i) the Company terminates Executive's employment with the Company for
      Cause, (ii) Executive voluntarily terminates his employment with the Company
      other than for Good Reason, or (iii) Executive's employment terminates as a
      result of either Executive's death or Disability, the Company shall pay
      Executive (or his estate in the case of death) any unpaid salary, any vacation
      accrued but unused, and reimbursement for any unreimbursed expenses, all through
      and including the date of termination (the “Accrued
      Amount”)

    

    (b)         
      In
      the
      event the Executive's employment is terminated for any reason other than (i)
      by
      the Company for Cause, (ii) by Executive voluntarily without Good Reason, the
      Company shall pay to Executive (A) the Accrued Amount, plus (B) his Annual
      Base
      Salary, pro-rated, for the lesser of (i) the balance of the Employment Period,
      or (ii) twelve (12) months following such date of termination (the “Severance
      Period”),
      with
      such pro-rated payments of Annual Base Salary to be made on a monthly basis.
      

    

    (c)         
      Any
      termination of Executive's employment by the Company or any such termination
      by
      Executive (other than on account of death) shall be communicated by written
      Notice of Termination to the other Party. For purposes of this Agreement, a
      “Notice
      of Termination”
      shall
      mean a notice which shall indicate the specific termination provision in this
      Agreement relied upon and shall set forth in reasonable detail the facts and
      circumstances claimed to provide a basis for termination of Executive's
      employment under the provision so indicated.

     

    
      	 	
              6.

            	
              Confidential
                Information.
                

            

    

    

    Executive
      understands and acknowledges that during his employment with the Company, he
      has
      been and will be exposed to Confidential Information, all of which is
      proprietary and which rightfully belongs to the Company. Executive acknowledges
      and agrees that the Confidential Information is a valuable, special, and unique
      asset of the Company, the disclosure or unauthorized use of which could cause
      substantial injury and loss of profits and good will to the Company.
      Accordingly, Executive shall hold in a fiduciary capacity for the benefit of
      the
      Company such Confidential Information obtained by Executive during his
      employment with the Company and shall not, directly or indirectly, at any time,
      either during or after his employment with the Company, without the Company’s
      prior written consent, use any of such Confidential Information for his own
      benefit, for the benefit of others, or to the detriment of the Company or
      disclose any of such Confidential Information to any individual or entity other
      than the Company or its employees, except as required in the performance of
      his
      duties for the Company or as otherwise required by law. Executive shall take
      all
      reasonable steps to safeguard such Confidential Information and to protect
      such
      Confidential Information against disclosure, misuse, loss, or
      theft.

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    
      	 	
              7.

            	
              Return
                of Documents.

            

    

    

    Except
      for such items which are of a personal nature to and the property of Executive
      (e.g.,
      daily
      business planner and roll-o-dex), all writings, records, and other documents
      and
      things containing any Confidential Information shall be the exclusive property
      of the Company, shall not be copied, summarized, extracted from, or removed
      from
      the premises of the Company, except in pursuit of the business of the Company
      or
      at the direction of the Company, and shall be delivered to the Company, without
      retaining any copies, upon the termination of Executive's employment or at
      any
      time as requested by the Company.

    

    
      	 	
              8.

            	
              Non
                Compete/Non Solicit. 

            

    

    

    Executive
      agrees that during the Employment Period and for the one (1)-year period
      following the Employment Period, Executive shall not, and shall use his best
      efforts to ensure that any agents, representatives and any other persons acting
      on his behalf (Executive and such agents, representatives, and other persons
      collectively hereinafter referred to as the “Restricted
      Persons”)
      do
      not, directly or indirectly, for the benefit of the Executive, any other
      Restricted Persons or their affiliates (the activities being so restricted
      hereinafter being referred to as the “Restricted
      Activities”):
      

    

    (a)         
      Own,
      manage, operate, join, control, or participate in the ownership, management,
      operation or control of, or be connected with as a director, officer, executive
      or administrative employee, partner, lender, consultant or otherwise with any
      business or division or line of business or organization in the United States
      which engages in a business substantially similar to or directly or indirectly
      competitive with the Business of the Company or any of its subsidiaries and
      affiliates. Nothing herein shall prohibit Executive and all other Restricted
      Persons collectively from being passive owners of an aggregate of not more
      than
      five (5%) percent of the outstanding stock of any class of securities of a
      corporation which is publicly traded and substantially similar to or competitive
      with the Business of the Company or any of its subsidiaries and affiliates,
      so
      long as he has no active participation (including, without limitation, as a
      consultant or advisor) in the business of such corporation or other entity;
      

    

    (b)         
      Induce
      or
      attempt to persuade any current or then current customer or vendor of the
      Company, or any of its subsidiaries or affiliates to terminate such relationship
      with the Company, or any of its subsidiaries or affiliates; and

    

    (c)         
      Induce
      or
      attempt to persuade any Business Personnel to terminate or to refuse to enter
      into any employment, agency or other business relationship with the Company,
      or
      any of its subsidiaries or affiliates.

    

    Executive
      acknowledges and agrees that the violation of this non competition/non
      solicitation covenant could cause substantial injury and loss of profits to
      the
      Company. The Parties hereby acknowledge and agree that this Section 8 will
      not
      apply in the case where Executive’s employment with the Company is terminated
      without Cause or for Good Reason.  

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
      	 	
              9.

            	
              Enforcement.

            

    

    

    (a)         
      For
      purposes of Sections 6, 7, or 8, the Company shall be deemed to include the
      Company, its predecessors and successors and any subsidiaries and affiliates
      of
      the Company.

    

    (b)         
      If,
      at
      the time of enforcement of Sections 6, 7, or 8, a court shall hold that the
      duration, scope, area, or other restrictions placed on Executive therein are
      unreasonable, the Parties agree that without further action on their parts
      reasonable maximum duration, scope, area or other restrictions shall be
      substituted by such court for the stated duration, scope, area, or other
      restrictions.

    

    (c)         
      The
      Parties agree that the Company, or its subsidiaries or affiliates would suffer
      irreparable harm from a breach by Executive of any of the covenants or
      agreements contained in Sections
      6, 7, or 8.
      Therefore, in the event of the actual or threatened breach by Executive of
      any
      of
      Sections
      6, 7, or 8,
      the
      Company or any of its subsidiaries or affiliates may, in addition and
      supplementary to other rights and remedies existing in its favor, apply to
      any
      court of law or equity of competent jurisdiction for specific performance and/or
      injunctive or other relief in order to enforce or prevent any violation of
      the
      provisions hereof. 

     

    
      	 	
              10.

            	
              Maintenance
                of Records.

            

    

    

    So
      long
      as Executive is employed by the Company, Executive shall maintain proper files
      and records relating to work performed by him in accordance with standard
      procedures of the Company or as otherwise reasonably specified by the Company
      from time to time. All such files and records are to be kept in the Company’s
      custody and subject to its control and to be the exclusive property of the
      Company. Upon termination of Executive’s employment with the Company or any
      affiliate thereof, Executive shall deliver to the Company all files and records
      of any nature which are in Executive’s possession or control and which relate in
      any manner to his employment or to the activities of the Company or any
      affiliate thereof.

    

    
      	 	
              11.

            	
              Successors
                and Assigns.

            

    

    

    (a)         
      This
      Agreement and all rights of the Company hereunder shall inure to the benefit
      of
      and be enforceable by the Company’s successors and assigns. 

    

    (b)         
      This
      Agreement and all rights of Executive hereunder shall inure to the benefit
      of
      and be enforceable by Executive's personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees, and legatees. If
      Executive should die while any amounts would still be payable to him hereunder
      if he had continued to live, all such amounts, unless otherwise provided herein,
      shall be paid in accordance with the terms of this Agreement to Executive's
      devisee, legatee, or other designee or, if there be no such designee, to
      Executive's estate.

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      	 	
              12.

            	
              Modification
                or Waiver. 

            

    

    

    No
      amendment, modification, waiver, termination, or cancellation of this Agreement
      shall be binding or effective for any purpose unless it is made in a writing
      signed by the Party against whom enforcement of such amendment, modification,
      waiver, termination, or cancellation is sought. No course of dealing between
      or
      among the Parties shall be deemed to affect or to modify, amend, or discharge
      any provision or term of this Agreement. No delay on the part of the Company
      or
      Executive in the exercise of any of their respective rights or remedies shall
      operate as a waiver thereof, and no single or partial exercise by the Company
      or
      Executive of any such right or remedy shall preclude other or further exercise
      thereof. A waiver of right or remedy on any one occasion shall not be construed
      as a bar to or waiver of any such right or remedy on any other
      occasion.

    

    
      	 	
              13.

            	
              Notices. 

            

    

    

    All
      notices or other communications required or permitted hereunder shall be made
      in
      writing and shall be deemed to have been duly given if delivered by hand or
      delivered by a recognized delivery service or mailed, postage prepaid, by
      express, certified or registered mail, return receipt requested, and addressed
      to the Executive or to the Company (with a copy addressed to Eric M. Hellige,
      Esq, Pryor Cashman Sherman & Flynn, 410 Park Avenue, New York, New York
      10022), at the address set forth above (or to such other address as shall have
      been previously provided in accordance with this Paragraph 13).

    

    
      	 	
              14.

            	
              Governing
                Law.

            

    

    

    This
      Agreement will be governed by and construed in accordance with the laws of
      the
      State of Washington without regard to principles of conflicts of laws
      thereunder. Any dispute arising out of this Agreement that is not settled by
      mutual consent of the parties shall be adjudicated by any federal or state
      court
      sitting in King County, Washington. Each Party consents to the exclusive
      jurisdiction of such courts over any such dispute.

    

    
      	 	
              15.

            	
              Severability. 

            

    

    

    Whenever
      possible, each provision and term of this Agreement shall be interpreted in
      such
      manner as to be effective and valid under applicable law, but if any provision
      or term of this Agreement shall be held to be prohibited by or invalid under
      such applicable law, then such provision or term shall be ineffective only
      to
      the extent of such prohibition or invalidity, without invalidating or affecting
      in any manner whatsoever the remainder of such provisions or term or the
      remaining provisions or terms of this Agreement.

    

    
      	 	
              16.

            	
              Counterparts.  

            

    

    

    This
      Agreement may be executed in separate counterparts, each of which is deemed
      to
      be an original and both of which taken together shall constitute one and the
      same agreement.

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    
      	 	
              17.

            	
              Headings.  

            

    

    

    The
      headings of the Paragraphs of this Agreement are inserted for convenience only
      and shall not be deemed to constitute a part hereof and shall not affect the
      construction or interpretation of this Agreement.

    

    
      	 	
              18.

            	
              Entire
                Agreement. 

            

    

    

    This
      Agreement constitutes the entire agreement of the Parties with respect to the
      subject matter hereof and supersedes all other prior agreements and
      undertakings, both written and oral, among the Parties with respect to the
      subject matter hereof.

    

    
      	 	
              19.

            	
              Survival
                of Agreements. 

            

    

    

    The
      covenants made in Sections 5, 6, 7, 8, 9, and 11-16 shall survive the
      termination of this Agreement.

     

    

    

    [Remainder
      of page left intentionally blank]

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first above
      written.

    

    
      	 	
              LIMELIGHT
                MEDIA GROUP, INC.

            	 
	 	 	 	 
	 	 	 	 
	 	
              By:

            	
              /s/David
                V. Lott

            	 
	 	 	
              Name:
                David V. Lott

            	 
	 	 	
              Title:
                Chief Executive Officer

            	 
	 	 	 	 
	 	 	 	 
	 	
              EXECUTIVE

            	 
	 	 	 	 
	 	 	 	 
	 	
              /s/Steven
                Corey

            	 
	 	
              Steven
                Corey

            	 

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    RESPONSIBILITIES

    

    The
      Chief
      Strategy Officer will pursue a framework of sequential decisions to guide
      Company, as it pursues new alliances and endeavors. The framework includes
      recommendations for developing strategic plans targeting Company’s prioritized
      business areas and identifying if and how alliances could be helpful. Position
      also is responsible for developing an integrated, proactive,
      cross-business/market unit approach to strategic marketing and technology
      planning. Execute the responsibilities of a company director, according to
      lawful and ethical standards.

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