Document:

EXHIBIT 10.2
                                                                    ------------

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

         EMPLOYMENT AGREEMENT (the "Agreement") dated November 1, 2004 by and
between SWK Technologies, Inc. , a Delaware corporation with an address at 293
Eisenhower Parkway, Livingston, NJ 07039 (the "Company"), and Peter Conway,
residing at ______________________________________________________ (the
"Employee").

                               W I T N E S S E T H
                               -------------------

         WHEREAS, the Company desires that Employee be employed by it and render
services to it, and Employee is willing to be so employed and to render such
services to the Company, all on the terms and subject to the conditions
contained herein.

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

         1.       Employment
                  ----------

         Subject to and upon the terms and conditions contained in this
Agreement, the Company hereby employs Employee, for the period set forth in
Paragraph 2 (subject to the terms and conditions of this Agreement), to render
the services to the Company, its affiliates and/or subsidiaries described in
Paragraph 3.

         2.       Term
                  ----

         Employee's term of employment under this Agreement shall commence on
November 1, 2004 (the "Commencement Date") and shall continue for a period
terminating on December 31, 2007 (the "Expiration Date"), unless earlier
terminated under the terms and conditions herein (the "Employment Term").

         3.       Duties
                  ------

                  (a) The Employee agrees that he will serve the Company on a
full-time basis faithfully and to the best of his ability as the Director of the
Small Business Services Division of the Company, subject to the general
supervision of the Chief Executive Officer of the Company. Employee shall be
based in the Company's offices in New Jersey.

                  (b) Employee agrees to abide by all By-Laws and policies of
the Company promulgated from time to time by the Company.

         4.       Exclusive-Services and Best Efforts
                  -----------------------------------

         Employee shall devote substantially his entire working time, attention,
best efforts and ability exclusively to the service of the Company, its
affiliates and subsidiaries during the term of this Agreement. The Company
acknowledges that Employee is
<PAGE>

currently a principal of Art Industries, and that Employee will need to continue
to devote minimal working hours to that business until such time as his services
are no longer required at that company.

         5.       Compensation
                  ------------

                  (a) Base Salary. Commencing on the Commencement Date, the
Employee shall receive an annual salary, payable semi-monthly during the
Employment Term, in the amount of One Hundred Twenty Thousand Dollars
($120,000), subject to all required federal, state and local payroll deductions.
The Employee's base salary shall be increased on each anniversary of the
Commencement Date as deemed appropriate by the Board of Directors of the
Company. Notwithstanding anything to the contrary, for the 2007 calendar year,
the Employee's Base Salary shall be reduced by one percent (1%) for each full
Ten Thousand Dollar ($10,000) increment that the net revenue of sales for the
2006 calendar year of the Small Business Services Division ("SBSD") falls below
Seven Hundred and Seventy Thousand Dollars ($770,000), but in no case shall such
reduction reduce the Employee's salary by more than $12,000. Additionally,
should the net revenue of sales for the 2006 calendar year of SBSD exceed Seven
Hundred Seventy Thousand Dollars ($770,000), then the Employee may be awarded an
additional bonus at the sole discretion of the Board of Directors of the
Company.

                  (b) Incentive Compensation. Following the first anniversary of
the Commencement Date, the Employee shall be paid an annual bonus at the sole
discretion of the Board of Directors of the Company.

                  (c) Stock Options. The Employee shall participate in the
Company's Incentive Stock Option Plan at the sole discretion of the Board of
Directors of the Company.

                  (d) Bonus. Employee shall be paid, no later than February 15,
2006, a bonus equal to ten percent (10%) of the pre-tax profit for the SBSD for
2005.

                  (e) Bonus Pool. Employee will participate, in 2006 and 2007,
in the Employee bonus pool created for other executives of the Company, in an
amount to be decided by the Company's Board of Directors.

                  (f) Other Duties. In the event that the Company acquires
another company whose business will fall within the operations of the SMSD,
Employee's salary will be adjusted upwards to take into account his increased
managerial duties.

         6.       Business Expenses
                  -----------------

         Employee shall be reimbursed for only those business expenses incurred
by him (a) which are reasonable and necessary for Employee to perform his duties
under this Agreement in accordance with policies established from time to time
by the Company, which shall include and not be limited to: travel, parking,
tools and cell phone calls and

                                       2
<PAGE>

(b) for which Employee has submitted vouchers and/or receipts. The Employee
shall receive a car allowance of Five Hundred Seventy Five Dollars ($575.00) per
month

         7.       Employee Benefits
                  -----------------

         The Employee shall participate in the Company's health insurance
program covering himself and his family, in addition to the Company's group
disability and life insurance programs available to other employees of the
Company.

         8.       Vacation and Sick Leave
                  -----------------------

         Employee shall be entitled to three (3) weeks of vacation per annum
during the Employment Term, to be taken at such times as may be mutually agreed
upon by the Company and Employee. The Employee shall be entitled to one (1) week
of sick and/or personal leave per annum during the Employment Term.

         9.       Death and Disability
                  --------------------

                  (a) The Employment Term shall terminate on the date of
Employee's death, in which event Employee's salary payable pursuant to Paragraph
5 through the last day of the month in which the Employee's death did occur
shall be paid to his estate. Employee's estate will not be entitled to any other
compensation upon termination of this Agreement pursuant to this Paragraph 9(a).

                  (b) If during the Employment Term, Employee, because of
physical or mental illness or incapacity, shall become substantially unable to
perform the duties and services required of him under this Agreement for a
period of forty-five (45) consecutive days or ninety (90) days in the aggregate,
the Company may, upon at least ten (10) days' prior written notice given at any
time after the expiration of such 45 or 90-day period, as the case may be, to
Employee of its intention to do so, terminate this Agreement as of such date as
may be set forth in the notice. In case of such termination, Employee shall be
entitled to receive his salary payable pursuant to Paragraph 5 through the date
of termination. Employee will not be entitled to any other compensation upon
termination of this Agreement pursuant to this Paragraph 9(b).

         10.      Termination
                  -----------

                  (a) The Company may terminate the employment of Employee For
Cause during the Employment Term. Upon such termination, the except as set forth
herein, the Company shall be released from any and all further obligations under
this Agreement, except that the Company shall be obligated to pay Employee the
unpaid prorated salary pursuant to Paragraph 5 earned or accrued up through the
day on which Employee is terminated.

                  (b) As used herein, the term "For Cause" shall mean:

                           (i) any material breach of this Agreement by Employee
that, in the case of a breach that may be cured or remedied, is not cured or
remedied to the

                                       3
<PAGE>

reasonable satisfaction of the Company within 30 days after notice is given by
the Company to Employee, setting forth in reasonable detail the nature of such
breach;

                           (ii) Employee's willful refusal to carry out the
reasonable directives or policies of the Board of Directors that, in the case of
any such failure that may be cured or remedied, is not cured or remedied to the
reasonable satisfaction of the Company within 30 days after notice is given by
the Company to Employee, setting forth in reasonable detail the nature of such
failure;

                           (iii) any material act, or material failure to act,
by Employee in bad faith and to the material detriment of the Company; or

                           (iv) commission by Employee of a material act
involving moral turpitude, dishonesty, unethical business conduct, or any other
conduct which significantly impairs the reputation of the Company, its
subsidiaries or affiliates.

                           (v) the conviction of the Employee of a felony,
including the plea of nolo contendere

         11.      Disclosure of Information and Restrictive Covenant
                  --------------------------------------------------

                  (a) The Employee acknowledges that the Employee has been
informed that it is the policy of the Company to maintain as secret and
confidential all information

                           (i) relating to the products, processes, designs
and/or systems used by the Company and its Affiliates and

                           (ii) relating to the customers and employees of the
Company and its Affiliates. Confidential information and trade secrets include,
but are not limited to, customer and client lists, price lists, marketing and
sales strategies and procedures, operational and equipment techniques, business
plans and systems, quality control procedures and systems, special projects and
technological research, including projects, research and reports for any entity
or client or any project, research, report or the like concerning sales or
manufacturing or new technology, employee compensation plans and any other
information relating thereto, and any other records, files, drawings,
inventions, discoveries, applications or processes which are not in the public
domain (all the foregoing shall be referred to herein as the "Confidential
Information"). The Employee further acknowledges that such Confidential
Information is of great value to the Company.

         For purposes of this Agreement, "Affiliates" means any person or entity
or group of persons or entities acting together that, directly or indirectly,
through one or more intermediaries controls, or is controlled by or is under
common control with the Company.

         The parties recognize that the services to be performed by the Employee
are special and unique, and that by reason of his employment by the Company, the
Employee has and will acquire confidential information as aforesaid. The parties
confirm that it is reasonably necessary to protect the Company's (and its
Affiliates') goodwill, and accordingly the Employee does agree that the Employee
will not directly or indirectly (except where authorized by the Board of
Directors of the Company for the benefit of the Company):

                  A. At any time during his employment by the Company or after
the Employee ceases to be employed by the Company, divulge to any persons, firms
or corporations, other than the Company (hereinafter referred to collectively as
"third parties"), or

                                       4
<PAGE>

use or allow or cause or authorize any third parties to use, any such
confidential information; and

                  B. At any time during his employment by the Company and for a
period of eighteen (18) months after the Employee ceases to be employed by the
Company, solicit or cause or authorize directly or indirectly to be solicited,
for or on behalf of the Employee or third parties, any business from persons,
firms, corporations or other entities who were at any time within two (2) years
prior to the cessation of his employment hereunder, customers of the Company or
its affiliates; and

                  C. At any time during his employment by the Company and for a
period of eighteen (18) months after the Employee ceases to be employed by the
Company, accept or cause or authorize directly or indirectly to be accepted, for
or on behalf of the Employee or third parties, any business from any such
customers of this Company or its affiliates ; and

                  D. At any time during his employment by the Company and for a
period of eighteen (18) months after the Employee ceases to be employed by the
Company, solicit or cause or authorize directly or indirectly to be solicited
for employment, for or on behalf of the Employee or third parties, any persons
(excluding any individuals residing in the same immediate primary residence as
the Employee, and/or the Employee's immediate family) who were at any time
within one year prior to the cessation of his employment hereunder, employees of
the Company or its affiliates; and

                  E. At any time during his employment by the Company and for a
period of eighteen (18) months after the Employee ceases to be employed by the
Company, employ or cause or authorize directly or indirectly to be employed, for
or on behalf of the Employee or third parties, any such employees of the Company
or its affiliates.

         (b) The Employee agrees that, upon the expiration of his employment by
the Company for any reason, the Employee shall forthwith deliver up to the
Company any and all records, drawings, notebooks, keys and other documents and
material, and copies thereof in his possession or under his control which is the
property of the Company or which relate to any confidential information or any
discoveries of the Company.

         (c) The Employee agrees that any breach or threatened breach by the
Employee of any provision of this Section 11 and 12 shall entitle the Company,
in addition to any other legal remedies available to it, to enjoin such breach
or threatened breach through any court of competent jurisdiction. The parties
understand and intend that each restriction agreed to by the Employee herein
above shall be construed as separable and divisible from every other
restriction, and that the unenforceability, in whole or in part, of any
restriction will not affect the enforceability of the remaining restrictions,
and that one or more or all of such restrictions may be enforced in whole or in
part as the circumstances warrant.

         (d) For the purposes of this Section, the term "Company" shall mean and
include any and all subsidiaries, parents and affiliated corporations of the
Company in existence from time to time, for which the Company has operational
control.

         (e) Employee will not induce or persuade other employees of the Company
to join him in any activity prohibited by Paragraph 11 or 12.

         (f) This Paragraph 11 and Paragraphs 12, 13, 14, 15, 20 and 21 shall
survive the expiration or termination of the Agreement for any reason.

                                       5
<PAGE>

         (g) It is expressly agreed by Employee that the nature and scope of
each of the provisions set forth in Paragraphs 11 and 12 are reasonable and
necessary. If, for any reason, any aspect of these provisions as they apply to
Employee is determined by a court of competent jurisdiction to be unreasonable
or unenforceable, the provisions shall only be modified to the minimum extent
required to make the provisions reasonable and/or enforceable, as the case may
be. Employee acknowledges and agrees that his services are of a unique character
and expressly grants to the Company or any subsidiary, successor or assignee of
the Company, the right to enforce the provisions above through the use of all
remedies available at law or in equity, including, but not limited to,
injunctive relief.

         12.      Company Property
                  ----------------

                  (a) Any patents, inventions, discoveries, applications,
processes or designs, devised, planned, applied, created, discovered or invented
by Employee in the course of Employee's employment under this Agreement and
which pertain to any aspect of the Company's or its respective subsidiaries' or
affiliates' businesses shall be the sole and absolute property of the Company,
and Employee shall make prompt report thereof to the Company and promptly
execute any and all documents reasonably requested to assure the Company the
full and complete ownership thereof.

                  (b) All records, files, lists, including computer generated
lists, drawings, documents, equipment and similar items relating to the
Company's business which Employee shall prepare or receive from the Company
shall remain the Company's sole and exclusive property. Upon termination of the
Employment Term, or, if earlier, upon demand by the Company, Employee shall
promptly return to the Company all property of the Company in his possession.
Employee further represents that he will not copy or cause to be copied, print
out or cause to be printed out any software, documents or other materials
originating with or belonging to the Company. Employee covenants that, upon
termination of his employment with the Company, he will not retain in his
possession any such software, documents or other materials.

         13.      Remedy
                  ------

         It is mutually understood and agreed that Employee's services are
special, unique, unusual, extraordinary and of an intellectual character giving
them a peculiar value, the loss of which cannot be reasonably or adequately
compensated in damages in an action at law. Accordingly, in the event of any
breach of this Agreement by Employee, including, but not limited to, the breach
of the non-disclosure, non-solicitation and non-compete clauses under Paragraphs
11 and 12 hereof, the Company shall be entitled to equitable relief by way of
injunction or otherwise in addition to damages the Company may be entitled to
recover. Nothing herein shall be deemed to restrict any remedy available to
Employee for breach of the Agreement by the Company.

         14.      Representations and Warranties of Employee and the Company
                  ----------------------------------------------------------

                                       6
<PAGE>

                  (a) In order to induce the Company to enter into this
Agreement, Employee hereby represents and warrants to the Company as follows:
(i) Employee has the legal capacity and unrestricted right to execute and
deliver this Agreement once to perform all of his obligations hereunder: (ii)
the execution and delivery of this Agreement by Employee and the performance of
his obligations hereunder will not violate or be in conflict with any fiduciary
or other duty, instrument, agreement, document, arrangement or other
understanding to which Employee is a party or by which he is or may be bound or
subject; and (iii) Employee is not a party to any instrument, agreement,
document, arrangement or other understanding with any person (other than the
Company) requiring or restricting the use or disclosure of any confidential
information or the provision of any employment, consulting or other services.

                  (b) The Company hereby represents and warrants to Employee, as
follows: (i) the execution, delivery, and performance of this Agreement has been
duly authorized by all necessary corporate action of the Company; and (ii) this
Agreement constitutes the valid and binding obligation of the Company,
enforceable in accordance with its terms, except that such enforcement may be
subject to any bankruptcy, insolvency, reorganization, fraudulent transfer or
other laws, now or hereafter in effect, relating to or limiting creditors'
rights generally.

         15.      Notices
                  -------

         All notices given hereunder shall be in writing and shall be deemed
effectively given when mailed, if sent by registered or certified mail, return
receipt requested, addressed to Employee at his address set forth on the first
page of this Agreement, and to the Company at its address set forth on the first
page of this Agreement, Attention: Chief Executive Officer, with a copy to
Meritz & Muenz LLP, 2021 O Street, NW, Washington, DC 20036, Attention: Lawrence
A. Muenz, or at such address as such party shall have designated by a notice
given in accordance with this Paragraph 15, or when actually received by the
party for whom intended, if sent by any other means.

         16.      Entire Agreement
                  ----------------

         This Agreement constitutes the entire understanding of the parties with
respect to its subject matter and no change, alteration or modification hereof
may be made except in writing signed by the parties hereto. Any prior or other
agreements, promises, negotiations or representations not expressly set forth in
this Agreement are of no force or effect.

         17.      Severability
                  ------------

         If any provision of this Agreement shall be unenforceable under any
applicable law, then notwithstanding such unenforceability, the remainder of
this Agreement shall continue in full force and effect.

         18.      Waivers, Modifications, Etc.
                  ----------------------------

                                       7
<PAGE>

         No amendment, modification or waiver of any provision of this Agreement
shall be effective unless the same shall be in writing and signed by each of the
parties hereto, and then such waiver or consent shall be effective only in the
specific instance and for the specific purpose for which given.

         19.      Assignment
                  ----------

         Neither this Agreement, nor any of Employee's rights, powers, duties or
obligations hereunder, may be assigned by Employee. This Agreement shall be
binding upon and inure to the benefit of Employee and his heirs and legal
representatives and the Company and its successors and assigns. Successors of
the Company shall include, without limitation, any corporation or corporations
acquiring, directly or indirectly, all or substantially all of the assets of the
Company, whether by merger, consolidation, purchase, lease or otherwise, and
such successor shall thereafter be deemed "the Company" for the purpose hereof.

         20.      Applicable Law
                  --------------

         This Agreement shall be deemed to have been made, drafted, negotiated
and the transactions contemplated hereby consummated and fully performed in the
State of New Jersey and shall be governed by and construed in accordance with
the laws of the State of New Jersey, without regard to the conflicts of law
rules thereof. Nothing contained in this Agreement shall be construed so as to
require the commission of any act contrary to law, and whenever there is any
conflict between any provision of this Agreement and any statute, law,
ordinance, order or regulation, contrary to which the parties hereto have no
legal right to contract, the latter shall prevail, but in such event any
provision of this Agreement so affected shall be curtailed and limited only to
the extent necessary to bring it within the legal requirements.

         21.      Jurisdiction and Venue
                  ----------------------

         It is hereby irrevocably agreed that all actions, suits or proceedings
between the Company and Employee arising out of, in connection with or relating
to this Agreement shall be exclusively heard and determined in, and the parties
do hereby irrevocably submit to the exclusive jurisdiction of the appropriate
New Jersey trial court located in the county in which the Company's principal
offices are located, or the Federal District Court in the district in which the
Company's principal offices are located. The parties also agree that a final
judgment in any such action, suit or proceeding shall be conclusive and may be
enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. The parties hereby unconditionally waive any objection which
either of them may now or hereafter have to the venue of any such action, suit
or proceeding brought in any of the aforesaid courts, and waive any claim that
any such action, suit or proceeding brought in any such court has been brought
in an inconvenient forum.

         22.      Full Understanding
                  ------------------

                                       8
<PAGE>

         Employee represents and agrees that he fully understands his right to
discuss all aspects of this Agreement with his private attorney, that to the
extent, if any, that he desired, he availed himself of this right, that he has
carefully read and fully understands all of the provisions of this Agreement,
that he is competent to execute this Agreement. that his agreement to execute
this Agreement has not been obtained by any duress and that he freely and
voluntarily enters into it, and that he has read this document in its entirety
and fully understands the meaning, intent and consequences of this document
which is that it constitutes an agreement of employment.

                                       9
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the date written below.

SWK TECHNOLOGIES, INC.                      PETER CONWAY

By:                                 By:
   -----------------------------       -----------------------------

Title:                              Dated:
      --------------------------          --------------------------

Dated:
      --------------------------

                                       10wdlqx10a

EMPLOYMENT AND STOCK OPTION AGREEMENT 

THIS AGREEMENT dated for reference the 1st day of July, 2004 (the “Commencement Date”) between PETER KNAVEN (the
“Employee”), having a residence at having a residence at 1924 Limerick Place, North Vancouver, British Columbia V7J 3A1, and WORDLOGIC CORPORATION (the “Company”), a
corporation under the laws of Nevada principal business office at Suite 2400, 650 West Georgia Street, Vancouver, British Columbia V6B 4N7. 

WITNESSES THAT WHEREAS: 

A. 	The Company is engaged in the business of research, development, marketing, distribution and licensing of software tools for enabling data entry on personal computing
devices and like devices on a number of different platforms and the provision of services in support thereof (the “Business”). 

B. 	The Employee has valuable experience in technology and software development of the type of products to be developed by the Company and has agreed to be employed by the
Company on the terms set out in this Agreement. 

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

     ARTICLE 1 TERMS OF EMPLOYMENT 

1.1 Duties of Employee. The Employee will, during his employment with the Company (the “Term”): 

a) 	act as Software Programmer and Developer for the Company and carry on such other duties as requested from time to time by the president as required by the Company in the
conduct of the Business; and 

b) 	use all proper means to develop, enhance, promote and maintain the Business and the Company’s products. 

1.2 Devotion of Time. The Employee will devote his full working time and attention to the Business and to the best interests of the Company
during the Term and will not work in any manner for any third party involved in a business that is competitive with the Business.

1.3 Remuneration. In consideration for performance of his duties hereunder, the Company will pay the Employee a salary of $100,000 per annum (the “Base Salary”), such salary to be paid in equal installments semi-monthly or at such other times as the Employee and the Company may agree. 

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1.4 Reimbursement for Expenses. The Company will reimburse the Employee for all reasonable expenses incurred by the Employee while or
resulting from performing his duties hereunder. 

1.5 Annual Vacations. The Employee will be entitled to 15 days annual vacation, the timing of which the Employee will coordinate with the
Company to accommodate the business needs of the Company as well as the desires of the Employee. 

1.6 Statutory Deductions. The Company will make such at-source deductions from the pay of the Employee as are required by law including but
not limited to income tax, Canada Pension Plan and Employment Insurance premiums, and the Company will remit all amounts so deducted to the appropriate government agencies. 

1.7 Other Employment Benefits. The Employee shall be entitled to all employee benefits including a comprehensive health plan which the
Company intends to provide to its senior officers from time to time.

     ARTICLE 2 OWNERSHIP OF IP RIGHTS 

2.1 Transfer of Employee IP. For good and valuable consideration including the entering into of this Agreement by the Company, the Employee
hereby transfers and assigns all his right, title and interest in and to any and all source code, compiled code, documentation, notes, drawings, flow charts, work records, plans, planning tools, summaries, presentations and other works created by
him during the Term (any and all of which are referred to herein as “Employee’s Developments”) and with respect to the Business. 

2.2 Confidential Information. The Employee acknowledges that in the course of his employment with the Company he will acquire information
about the Business and the affairs of the Company, some of which will include commercially valuable trade secrets, intellectual property and other confidential or proprietary information (all referred to herein as “Confidential
Information”), including without limitation financial, sales and marketing information, processes, techniques, know how, systems, methods, data, inventions, devices, ideas, formulae and improvements, and enhancements and modifications thereto
and derivatives thereof, whether patented or not. 

2.3 Non-Disclosure of Confidential Information. The Employee covenants with the Company that he will not, either during the Term or at any
time thereafter, disclose any Confidential Information to any third party directly or indirectly other than as may be in the best interest of the Company. 

2.4 Exception. Section 2.3 shall not apply to particular material which the Employee can show with reasonable proof was: 

a) 	already known to the Employee before it was disclosed to the Employee by the Company; 

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b) 	lawfully disclosed to the Employee on a non-confidential basis from a third party that is entitled to disclose it on a non-confidential basis; or 

c) 	generally available to the public at the time of the Employee’s exposure to same without any breach of an obligation of confidentiality. 

Further, disclosure of any Confidential Information of the Company shall not be prohibited if required by law, provided that the Employee notify the Company promptly of any legal proceeding that would require disclosure of any
Confidential Information and, at the request and expense of the Company, provide any assistance requested by the Company to enable the Company to seek and obtain a protective order prior to such disclosure. 

2.5 Proprietary Developments. For the purposes of this Agreement, “Development” or “Developments” includes all
Employee’s Developments and all: 

a) 	modifications or improvements to the intellectual property or assets developed, acquired, owned, licensed, sold, marketed or used by the Company in connection with the
Business; 

b) 	trade-marks, trade names, business names, logos, design marks, trade dress and other proprietary marks; 

c) 	inventions, devices, discoveries, concepts, ideas, formulae, know how, processes, techniques, systems, methods and any and all improvements, derivatives and
modifications thereto, whether or not patented; 

developed, created, generated, contributed to or reduced to practice by the Employee alone or jointly with others during his employment with the Company and which results from tasks assigned to the Employee by the Company or which
results from the use of the premises or property (including computers, software tools, equipment, supplies or Confidential Information) owned, developed, leased or licensed by the Company or which reasonably relates to the Business. 

2.6 Originality. The Employee will use reasonable efforts to ensure that the Developments do not infringe any proprietary rights of any
third parties in any way which would or could derogate from the rights of the Company in the Developments hereunder. 

2.7 Use of Materials.  The Employee will not, without the prior written approval of the Company, use any Developments, Confidential
Information or any information related thereto, in any form, for his own purposes or for any purposes or interests other than those of the Company. 

2.8 Return of Materials. Upon request by the Company, the Employee will deliver to the Company all tangible and electronic files, computer
code, notes, flow charts, work records and other documentation in his possession or control, and related to any Developments or Confidential Information. 

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2.9 Full Disclosure. The Employee will, promptly upon its creation, make full disclosure to the Company of each Employee Development. If
required by the Company, the Employee will maintain work journals or log books or such other form of recording methods provided by the Company to record the particulars of all Developments for or with which the Employee is involved or responsible.

2.10 Intellectual Property Rights. For the purposes of this Agreement “Intellectual Property Rights” means all copyrights, design
rights, trade secrets and confidential information (including, without limitation, inventions, technical data, and methodologies), patent rights, and other proprietary rights which may subsist anywhere in the world, whether registered or
unregistered, and all applications for registration of any of the foregoing, and all rights to file any such applications. 

2.11 Acknowledgement and Assignment. The Employee acknowledges that all Developments are works made in the course of or as a result of the
Employee’s employment with the Company and the Employee shall and does hereby irrevocably: 

a) 	assign and transfer to the Company all of the Employee’s right title and interest in and to each Development and all Intellectual Property Rights therein; 

b) 	acknowledge that the Company owns all Intellectual Property Rights in and to the Developments; and

c) 	waive all moral rights (as that term is defined in the Copyright Act (Canada)) with respect to the
Developments and all Intellectual Property Rights therein. 

2.12 Assistance to the Company.  The Employee covenants to, at all times during and subsequent to his employment with the Company: 

a) 	co-operate fully with respect to the execution of all further documents and the carrying out of all such acts and things as are reasonably requested by the Company to
confirm the transfer of ownership to the Company of all rights effective at or after the time such Developments are created; and 

b) 	at the request and expense of the Company, apply for and use all reasonable efforts to obtain for the Company any and all Intellectual Property Rights for Developments
and any and all Intellectual Property Rights therein created during his employment with the Company or created within six months of the termination of his employment with the Company.

2.13 Copyright and Ownership.  If any one or more of the Developments are entitled to copyright protection and are deemed in any way to fall within the definition of
“work made for hire”, as defined in the Copyright Act of 1976 (United States of America), such Developments shall be considered a “work made for hire”, the copyright of
which shall be owned solely, completely and exclusively by the Company. If any one or more of the Developments are entitled to copyright protection and are not considered to be included in the categories of works covered by the “work made for
hire” definition contained in the Copyright Act of 1976 (United 

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States of America), the Employee shall and does hereby, by virtue of this Agreement, assign and transfer completely and exclusively the copyright in such Developments to the Company. 

     ARTICLE 3 NON-COMPETITION 

3.1 Non-Competition. The Employee hereby covenants that he will not while he is an employee of the Company or during the three year period
after he ceases to be an officer or employee of the Company as a result of his termination of employment, engage in any of the following activities: 

a) 	either directly or indirectly as principal, agent, owner, proprietor, partner, shareholder, director, officer or otherwise, own, operate, carry on, be engaged in the
operation of, have any financial interest in, lend any monies to, guarantee any liabilities or obligations of, act as a consultant to or provide management services to any business operation, whether a proprietorship, partnership, joint venture,
corporation or otherwise which competes directly with the Company anywhere in the world where the Company markets, sells, licenses or develops its products or services during the term of this employment agreement; 

b) 	directly or indirectly solicit, interfere with or endeavor to direct or entice away from the Company any customer, client or any person, firm or corporation in the habit
of dealing with the Company; or 

c) 	interfere with, entice away or otherwise attempt to obtain the withdrawal of any employee or accountant of the Company. 

3.2 Reasonableness of Restrictions. The Employee hereby acknowledges that, in view of the worldwide availability of the world wide web and
nature of the Company’s products, the restrictions contained in this Article 3 are reasonable and appropriate to protect the legitimate business interests of the Company and the Employee hereby waives all defenses to the strict enforcement
thereof. 

3.3 Severability. If any of the restrictions, whether with respect to capacities, activities, periods of time or geographic areas, specified
in this Article 3 are considered by a court of competent jurisdiction to be unreasonable, void or unenforceable, the parties hereto agree that such court shall be authorized to and is hereby requested and directed to limit such capacities,
activities, periods of time or geographic areas to such capacities, activities, periods of time or geographic areas as the court considers reasonable and enforceable in the circumstances. Where the court specifies one or more terms in substitution
for any term hereof, such term or terms shall automatically replace the corresponding term or terms set forth herein and shall be binding upon the parties to the same extent as if originally set forth herein. 

IWM\IWM09150 

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ARTICLE 4 TERM 

4.1 Term and Termination. This Agreement shall commence on the Commencement Date and continue in force and effect for the period of 24
months thereafter and, with respect to Article 2 and Article 3, for the two year period after the Employee ceases to be an employee of the Company. 

4.2 Termination. The Company may terminate the Employee’s employment for cause, as that term is interpreted by the Courts of British
Columbia, or without cause provided that the Company provides the Employee with six (6) months notice of termination or pay in lieu thereof. 

4.3 Notice. The Employee will give not less than 30 days prior written notice of his intention to resign as an employee of the Company.

     ARTICLE 5 SHARE OPTIONS 

a) 	Share Option Grant. As per document attached. 

ARTICLE 6 

MISCELLANEOUS PROVISIONS 

6.1 Time of the Essence. Time shall be of the essence of this Agreement. 

6.2 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of British Columbia which shall be deemed
to be the proper law hereof and each of the parties hereto irrevocably attorns to the jurisdiction of the courts of British Columbia. 

6.3 Equitable Remedies. The Employee agrees that a breach of the Employee’s obligations under this Agreement would result in damages to
the Company that could not be adequately compensated for by monetary award and that in the event of any such breach by the Employee, in addition to all other remedies available to the Company at law or in equity, the Company shall be entitled as a
matter of right to apply to a court of competent jurisdiction for such relief by way of restraining order, injunction, decree or otherwise as may be appropriate to ensure compliance with the provisions of this Agreement. 

6.4 Further Acts, Things. Each of the parties to this Agreement shall at the request of any other party, and at the expense of the Company,
execute and deliver any further documents and do all acts and things as that party may reasonably require in order to carry out the true intent and meaning of this Agreement. 

6.5 Enurement. This Agreement shall enure to the benefit of and be binding upon the parties hereto and their personal representatives,
heirs, successors and assigns. 

6.6 No Waiver. No condoning, excusing or waiver by any party hereto of any default, breach or non-observance by any other party hereto at
any time in respect of any covenant, agreement, 

IWM\IWM09150 

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proviso or condition contained herein shall be or construed as being a waiver of that party's rights hereunder in respect of any continuing or subsequent default, breach or non-observance or so as to defeat, limit or affect in any
way the rights of that party in respect of such continuing or subsequent default, breach or non-observance and no waiver shall be inferred from or implied by anything done or omitted to be done by the party having those rights. 

6.7 Severability. If any covenant, obligation or provision contained in this Agreement or the application thereof to any person or
circumstance shall to any extent be invalid or unenforceable, the remainder of this Agreement or the application of that covenant, obligations or provision to persons or circumstances other than those concerning which it is held invalid or
unenforceable shall not be affected thereby and each covenant, obligation and provision of this Agreement shall be separately valid and enforceable to the fullest extent permitted by law. 

6.8 Amendment. No amendment, waiver, termination or variation of the terms, conditions, warranties, covenants, agreements or undertaking set
out herein shall be of any force or effect unless reduced to writing duly executed by all parties hereto in the same manner and with the same formality as this agreement is executed. 

6.9 Headings. The headings to the sections of this Agreement are used for convenience only and shall not form part of the terms of this
Agreement. 

6.10 Assignment. This contract is assignable to a third party at the mutual consent of both parties. 

IN WITNESS WHEREOF the parties have executed this agreement as of the date first written above. 

	/s/Peter Knaven
	

	Peter Knaven

	WORDLOGIC CORPORATION
	 
	Per: /s/Frank Evanshen, CEO
	

	   Authorized Signatory

IWM\IWM09150 

Notice of Grant of Stock Options and Option Agreement 

	WordLogic Corporation
	ID:
	Box 11512, 2400-650 W. Georgia Street
	Vancouver, BC CANADA V6B 4N7

Peter Knaven 

	Option Number:	I-119	 
	Plan:	2000	 
	Base Date:	July 1, 2004	 

Grant 

Effective July 1, 2004 you have been granted an Incentive Stock Option to buy 1,000,000 shares of WordLogic Corporation (the Company) stock at US$0.60 per share. 

Vesting Schedule 

Shares in each period will become fully vested (for options, exercisable) on the date shown. Periods begin on the Full Vest date for the previous period (or, for the first period shown, on the Base Date listed above).

You agree to this Vesting Schedule for the Shares. For any increment to vest, you must hold Continuous Status as an Employee or Consultant through the date or condition described. In the event of a merger, asset sale,
or material change of control, any and all options will be deemed fully vested on the date said change is effected. 

When the "Vest Type" says a calendar interval (e.g., "monthly"), the shares shown will vest at the end of each full calendar interval in the period. If the total number of shares in a period do not divide evenly by the
number of intervals in the period, leftover shares will be assigned one to each interval, starting with the first interval in the period, and continuing until used up. 

	Shares	Exercise Price	Vest Type	Full Vest	Expiry Date
	
	
	
	
	

	 	 	 	 	 	 
	100,000	US$	0.60	Immediately	Immediately	July 1, 2011
	900,000	US$	0.60	Monthly	July 1, 2009	July 1, 2011

By your signature and the Company's signature below, you and the Company agree that these options are granted under and governed by the Terms and Conditions of Option Grant and the Company's 2000 Stock Incentive Plan.
You also agree to accept as final and binding all decisions or interpretations of the Board of Directors of the Company on any questions arising under the Plan. 

WordLogic Corporation 

	By:	/s/Frank Evanshen	/s/ Peter Knaven
	

	 	 	Peter Knaven
	Title:	CEO	1924 Limerick Place
	
	
	 
	 	 	North Vancouver, BC, V7J 3A1
	 	 	 
	 	 	SIN: XXXXXXXXX

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