Document:

Exhibit 10.1

Exhibit 10.1

May 6, 2008

Bernard J. Pitz

118 Nighthawk

Irvine, CA  92604

Dear Bernie:

I am pleased to offer you a position at SonoSite, Inc. as Senior Vice President and Chief Financial Officer, reporting directly to me. Upon commencement of employment with the Company, you will be designated as an “executive officer” for purposes of
Section 16 of the Securities Exchange Act of 1934.

The terms of your new position with the Company are set forth below:

     1.     Start Date.  May 12, 2008.

     2,      Compensation.  Your starting base salary will be $30,000/month.  In addition, you are eligible for annual incentive compensation, which is defined by the company and
subject to board approval each fiscal year.  Your variable incentive compensation for 2008 at 100% of plan will be 75% of your base salary prorated from your date of hire.  A copy of the executive variable compensation plan and 2008 metrics are
attached.

     3.      Stock.   Upon approval of the Board of Directors and commencement of employment, you will be granted 160,000 of SonoSite, Inc. stock options. The grant price will be the fair market
value of the SonoSite shares on the date of the option grant. 

     You will receive consideration at the February 2009 Board of Directors meeting for additional equity grants based on your initial performance.  Future grants in 2009 and 2010 will be in the range of 1.5 to 2 times base
salary.  This will come in the form of either stock options or restricted stock units.  This must be approved by the compensation committee at that time and the delivery of these grants will depend on the ongoing progress of the company.  Assuming the
company is performing at a minimum of 90% current trajectory (profit and loss, balance sheet) you can be assured a grant in this range will be delivered.  This should not be construed as a guarantee, however a strong assurance and one where our committee agrees
on “intent”.

     As SonoSite’s Chief Financial Officer, you will be designated a “Section 16 officer” under the Securities Exchange Act, and will be required to publicly report changes in your beneficial ownership of
SonoSite’s stock.  Our legal department will assist you in meeting these obligations.

     4.      Benefits.  In addition, the company offers a comprehensive benefits package including a 401(k) plan and medical, dental and vision coverage. In addition and subject to underwriting
requirements, the Company will provide individual coverage for life insurance and long-term disability coverage in lieu of the Company group policies.  An overview of the benefits package is enclosed.

     5.      Relocation.  SonoSite will also pay the costs of relocating you to the Seattle area, per the terms outlined in the attached relocation document.  Your signature below will serve
as your agreement to reimburse SonoSite a prorated amount of the expenses incurred by the company in connection with your relocation if you voluntarily terminate employment within the first two (2) years of employment.  Certain relocation expenses are reportable
as taxable income.  The non-deductible relocation expenses (as defined by IRS rules) paid to you or on your behalf to third parties will be grossed up and included with your wages on your W2 for the year in which the expenses were paid.

     6.      Senior Management Agreement, and Indemnification Agreement.  Subject to approval by the Board of Directors, you will be offered a Senior Management Employment Agreement, and an
Indemnification Agreement, copies of which are attached. 

     7.      Termination/Severance.  Your employment with the Company will be on an “at will” basis, meaning that either you or the Company may terminate your employment at any time
for any reason or no reason, without further obligation or liability.  However, if the Company terminates your employment for reasons other than for Cause, you will receive the severance benefits described in this paragraph, subject to and conditioned upon your
signing and not revoking a waiver and release agreement in a form acceptable to the Company.  For these purposes, “Cause” means any of the following:  (a) your willful misconduct that has a materially adverse effect on the Company and its
subsidiaries, taken as a whole; (b) engaging in conduct which could reasonably result in your conviction of a felony or crime against the Company or involving substance abuse, fraud or moral turpitude, or which would materially compromise the Company’s
reputation, as determined in good faith by a written resolution duly adopted by the affirmative vote of not less than two-thirds of all of the directors who are not employees or officers of the Company; or (c) your unreasonable refusal to perform the duties and
responsibilities of your position in any material respect.  Your severance benefits under this paragraph shall be:  (a) a lump sum payment, subject to applicable withholding, of an amount equal to one times your annual base salary in effect immediately
prior to the effective date of your termination (“Termination Date”); plus (b) an amount equal to the bonus you were paid for the fiscal year ended immediately prior to the Termination Date or, if the Termination Date occurs prior to payment of your bonus
for the prior year, 100% of your target bonus for such year; and (c) if you elect to continue coverage under the Company’s medical, dental and/or vision programs pursuant to COBRA, the Company will pay your COBRA premiums for a period of one year following the
Termination Date.  Payments of any amounts owed under (a) and (b) will be made within thirty (30) business days following your execution of the waiver and release. If your termination occurs following a Change in Control, your rights, if any, will be governed by
any Change in Control Agreement then in effect, and the provisions of this paragraph shall not apply. 

     8.      Proof of Right to Work.  For purposes of federal immigration law, you will be required to provide to the Company documentary evidence of your identity and eligibility for employment
in the United States.  Such documentation must be provided to us within three (3) business days of your date of hire, or our employment relationship with you may be terminated.   Items that you will need for the verification of employment form are
listed on the back of the Employment Eligibility Verification form.  The most commonly used documents are: Either both your social security card and driver’s license or your passport.

     9.      Confidential Information Agreement.  Your acceptance of this offer and commencement of employment with the Company is also contingent upon the execution, and delivery to an officer
of the Company, of the Company’s Employee Agreement Relating to Inventions, Patents, property Rights and Confidential Information (the “confidentiality Agreement”), a copy of which is enclosed for your review and execution.  This must be
delivered prior to or on your Start Date.

We are delighted to be able to extend you this offer and look forward to working with you.  To indicate your acceptance of the terms of the Company’s offer, please sign and date this letter in the space provided below and return it to Marla Koreis,
Chief Administration Officer, in the enclosed envelope, along with a signed and dated copy of the Confidentiality Agreement. 

This letter, together with the Confidentiality Agreement, set forth the terms of your employment with the Company and supersedes any prior representations or agreements, whether written or oral.  This letter may not be modified or amended except by written
agreement, signed by the Company and you.

If you need assistance or have any other questions, please feel free to contact Marla Koreis at (425) 951-1212.

Sincerely,

/s/ Kevin M. Goodwin

Kevin M. Goodwin

President and Chief Executive Officer

encs.

I hereby accept the terms of the employment offer based on the conditions described in this letter.

	
/s/ Bernard J. Pitz

	
         

	
May 9, 2008

	

		

	
Signature

		
DateFiled by Bowne Pure Compliance

Exhibit 10.11

EXECUTION VERSION

CONSULTING AGREEMENT

THIS CONSULTING AGREEMENT (“Agreement") is made effective as of the 24th day of October, 2007
(the “Effective Date”), by and between Quepasa Corporation (the “Company”), Valdez Productions,
Inc. (“Valdez Productions”) and Jeffrey Valdez (“Mr. Valdez” and together with Valdez Productions,
the “Consultant” and collectively with the Company, the “Parties”).

RECITALS

WHEREAS, Mr. Valdez is a co-founder of SiTV, Inc. and, while acting as Chairman and Chief
Creative Officer for SiTV, Inc., established SiTV, Inc.’s presence in the cable television
marketplace;

WHEREAS, due to Mr. Valdez’s creative expertise and invaluable vision relating to the Latino
marketplace, Mr. Valdez was recently appointed to serve as the non-executive Chairman of the Board
of the Company and the Company now desires to retain Mr. Valdez to perform non-exclusive consulting
services, except as otherwise provided herein, for the Company through Valdez Productions; and

WHEREAS, Valdez Productions, Mr. Valdez and the Company wish to enter into this Agreement to
set forth the obligations and responsibilities of each in connection with their contractual
relationship.

NOW, THEREFORE, in consideration of the mutual covenants contained herein and other good and
valuable consideration, the Parties hereto agree as follows:

AGREEMENT

1. NATURE OF WORK

Valdez Productions will provide the Company with the consulting services of Mr. Valdez in the
areas of web based programming content, marketing, branding of the Company and any other consulting
services mutually agreed between the Parties that is determined by the Parties to be beneficial to
the Company (the “Services”). The Consultant shall provide the Services on a non-exclusive basis,
except in the case of consulting services for internet programming content produced in Spanish that
does not conflict with Consultant’s agreement with Maya Entertainment (“Special Services”), and in
such case, the Consultant shall provide the Special Services on an exclusive basis. The Parties
agree that Consultant shall only use the Consultant Intellectual Property (as defined herein)
relating to the Special Services for media programming targeting English speaking audiences. The
Company acknowledges that Valdez has and is currently involved creatively and sits on the Board of
Si TV, Maya Entertainment, Valdez Productions and Sandbox Entertainment (the “Affiliated
Businesses”) and to the extent agreements relating to these entities conflict with this Agreement,
this Agreement shall be subordinate to such pre-existing agreements. The Company acknowledges that
the Affiliated Businesses are all involved in the bilingual, English and Spanish language media
(including television and internet) media space.

2. DURATION

The term of this Agreement shall be from the Effective Date, and, unless otherwise terminated,
shall continue until the first (1st) anniversary of the Effective Date, following which
the Term shall automatically renew for successive three (3) month periods unless and until a party
delivers at least thirty (30) days prior written notice of the desire to terminate this Agreement
to the other parties, in which this Agreement will expire thirty (30) days from the date such
notice is received (the “Term”). Notwithstanding the above and in the event that the Company
becomes involved in the television business during the Term, subject to Section 12, the
Company will have the option to renegotiate in good faith the Agreement and the Term hereof realizing that Mr. Valdez currently has a non compete agreement with
Si TV that prohibits him from launching an “English Language Latino Themed cable nerwork.”

 

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3. COMPENSATION 

(a) Monthly Payment for Services. For the Services rendered under this Agreement, the
Company will pay to Valdez Productions Eight Thousand Three Hundred and Thirty-Three Dollars
($8,333.00) per month for the Term of this Agreement. At the election of the Consultant, such
payment may be made in the form of options to purchase the Company’s common stock. Valdez
Productions shall provide monthly invoices for the Services rendered by Mr. Valdez during the month
preceding the invoice. Payment shall be made to Valdez Productions within ten (10) business days
following the Company’s receipt of each such invoice. All invoices shall be directed to the
attention of the Chief Executive Officer or his designee.

(b) Stock Options. Within ten (10) business days of the execution of this Agreement, a
grant of nonqualified stock options shall be provided to Valdez Productions to purchase shares of
the Company’s common stock in an amount equal to the greater of 210,000 shares or the number of
shares that equals One Percent (1%) of the fully-diluted shares of the Company (the “Optioned
Shares”), and at the price set forth in the Non-Qualified Stock Option Agreement executed by Valdez
Productions and the Company in conjunction with this Agreement, one-third of the optioned shares
shall vest and become exercisable on October 24, 2008 and the remaining two-thirds of the optioned
shares will vest and become exercisable in twenty-four (24) equal monthly installments commencing
immediately thereafter. Notwithstanding the foregoing, if the Consultant shall be terminated
without cause, the Optioned Shares shall immediately vest and become exercisable.

4. PERFORMANCE OF DUTIES 

(a) Good Faith Performance. Consultant agrees that it will at all times faithfully,
industriously, and to the best of its ability, experience and talent, and in good faith, perform
all of the duties that may be required pursuant to the express terms hereof, and the Company will
provide all necessary information and other support appropriate to the performance of the Services.
Consultant shall report directly to the Chief Executive Officer of the Company for the Term of
this Agreement.

(b) Location. Consultant agrees that Mr. Valdez will primarily perform the Services
from the office of Valdez Productions. Travel outside of the Greater Los Angeles area shall
require approval by Mr. Valdez, and reasonable and necessary business expenses for such long
distance travel shall be paid by the Company provided such expenses have been pre-authorized by the
Chief Executive Officer.

5. CONFIDENTIALITY.

During the term of this Agreement and at all times thereafter, the Consultant will keep
confidential, not use for Consultant’s own benefit, and not divulge, furnish or make accessible to
anyone any Confidential Information. As used herein, “Confidential Information” means all
information concerning or related to the Services and the Company’s business, operations, financial
condition and prospects of the Company and its Affiliates, regardless of the form in which such
information appears and whether or not such information has been reduced to a tangible form, and
will specifically include: (a) all information regarding the stockholders, directors, officers,
employees, customers, suppliers, distributors, sales representatives and licensees of the Company
and its Affiliates, in each case whether past, present or prospective; (b) all software,
inventions, discoveries, trade secrets, processes, techniques, methods, formulae, ideas and
know-how of the Company and its Affiliates; (c) all financial statements, audit reports, budgets
and business plans or forecasts of the Company and its Affiliates, and (d) all Consultant Intellectual Property created by or for Consultant hereunder; provided, that
Confidential Information will not include information which is or becomes generally known to the
public through no act or omission of Consultant; “Affiliate” means any Person which controls, is controlled by
or is under common control with the Company; “control” means, with respect to any Person, the
possession, direct or indirect, of the power to direct or cause the direction of the management and
policies of such Person, whether through ownership of voting securities, by contract or otherwise;
and “Person” means any individual, firm, corporation, partnership, limited liability the Company,
trust, estate, association or other legal entity.

 

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6. OWNERSHIP AND USE OF INTELLECTUAL PROPERTY.

(a) Any protectable Intellectual Property relating to the Services that is conceived,
developed, or reduced to practice, or caused to be conceived, developed, or reduced to practice, in
whole or in part by Consultant in its performance of the Services, during Consultant’s engagement
hereunder (the “Consultant Intellectual Property”) will be deemed to have been made or developed by
Consultant and will be the exclusive property of Consultant. Consultant hereby grants to Company
an exclusive, royalty-free, non-transferable, worldwide license to make and use the Consultant
Intellectual Property throughout the Term of this Agreement and for a period of six (6) months
after termination of this Agreement. Notwithstanding the foregoing, Consultant shall be permitted
to use the Consultant Intellectual Property related to the Special Services solely for media
programming in English during the Term of this Agreement. The Parties agree that during the Term
of this Agreement, Consultant shall not use the Consultant Intellectual Property relating to the
Spanish-language Special Services for any entity other than Company. The Parties agree that
Consultant, during the term Term of this Agreement, shall use its best efforts to mark
and/or brand any Consultant Intellectual Property used for third parties with Company’s trademarks;
provided, however, Consultant shall only be permitted to use Company’s trademarks, service marks,
and/or trade dress with the prior written approval of Company. Notwithstanding this Section 6(a),
nothing in this Agreement shall be construed to grant Consultant any rights in (i) Company customer
data, (ii) Company trademarks, service marks and trade dress, and/or (iii) Company Confidential
Information, and Company hereby retains all such rights. During the term Term of this Agreement
and for a period of six (6) months after termination of this Agreement, Consultant hereby
agrees to pay Company twenty percent (20%) of any net revenue related to Consultant’s exploitation
of Consultant Intellectual Property with third parties.

(b) As used herein, “Intellectual Property” means any and all Inventions, Works, trade
secrets, trademarks, mask works, and copyrights. “Invention(s)” means any and all discoveries,
improvements, ideas, concepts, creative works, and designs, whether or not in writing or reduced to
practice, and whether or not they are patentable, including, but not limited to, processes,
methods, formulas, and techniques and know-how; and “Works” means those works fixed in any tangible
medium of expression from which they can be perceived, reproduced, or otherwise communicated,
either directly or with the aid of a machine or device, whether or not they are copyrightable.

7. RIGHT OF FIRST REFUSAL.

(a) If Consultant desires to sell or transfer any of its interests in or any of its content
that it developed for the Affiliated Businesses, to another entertainment company, the Consultant
shall afford the Company a right of first refusal.

(b) Consultant shall provide the Company with ninety (90) days’ prior written notice of its
intention to make a transfer of any of its interests in or any of its content that it developed for
the Affiliated Businesses (the “Disposition Notice”). In the Disposition Notice, the Consultant
shall specify the price at which the interests or content is proposed to be sold or transferred,
the portion of the Consultant’s interest or content to be sold or transferred, the identity of the
proposed purchaser or transferee, and the terms and conditions of the proposed transfer or sale.

 

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(c) The Company may elect within sixty (60) days after receiving the Disposition Notice, to
purchase the interests or content to be sold or transferred by the Consultant at the proposed price
as contained in the Disposition Notice. The terms and conditions of the purchase by the Company
shall be the terms and conditions of the proposed transfer or sale as set forth in the Disposition
Notice. Any purchase pursuant to the foregoing alternative method shall be made in cash within
sixty (60) days after receiving the Disposition Notice.

(d) If the Company decides not to purchase the interest or content offered by the Consultant,
within thirty (30) days after the Company reaches such decision, and, in any event, at the
expiration of the first sixty (60) days of the notice period specified in Section 7(b), the
Company shall so notify the Consultant. The notice shall state that the Company did not exercise
its option to purchase the interest or content developed for the Affiliated Businesses offered by
the Consultant.

(f) If the Company does not purchase the interests or content covered by the Disposition
Notice as provided in the foregoing subsections of this Section 7 within the first ninety
(90) days of the notice period, the Consultant may sell the interest or content to Person other
than the Company, provided that any disposition must be made on the terms and conditions and to the
party specified in the Disposition Notice and must be consummated within the ninety (90) day notice
period.

8. NON-DISPARAGEMENT.

(a) Neither Mr. Valdez, Valdez Productions nor Valdez Productions’ shareholders, officers,
directors, members, managers, or employees will make any statements (or cause or encourage others
to make any statements), written or verbal, that defame, disparage or in any way criticize the
personal or business reputation, practices or conduct of the Company or its shareholders, officers,
directors, or employees.

(b) Neither the Company nor the Company’s shareholders, officers, directors, members,
managers, or employees will make any statements (or cause or encourage others to make any
statements), written or verbal, that defame, disparage or in any way criticize the personal or
business reputation, practices or conduct of Mr. Valdez, Valdez Productions or Valdez Productions’
shareholders, officers, directors, or employees.

9. REPRESENTATIONS AND WARRANTIES OF VALDEZ PRODUCTIONS.

Valdez Productions hereby represents and warrants to, and covenants with, the Company as
follows:

(a) Valdez Productions has the full legal right and power and all authority required to enter
into and to perform according to the terms of this Agreement. This Agreement is duly and validly
executed and delivered by Valdez Productions, and constitutes legal, valid, and binding obligations
of Valdez Productions enforceable against Valdez Productions in accordance with its terms.

(b) The execution, delivery and performance of this Agreement by Valdez Productions do not and
will not (i) conflict with, or constitute a default (or an event that with notice or lapse of time
or both would become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement or
other instrument or other understanding to which Valdez Productions is a party or by which any
property or asset of Valdez Productions is bound or affected, or (ii) result in a violation of any
law, rule, regulation, order, judgment, injunction, decree or other restriction of any court or
governmental authority to which Valdez Productions is subject (including federal and state
securities laws and regulations), or by which any property or asset of Valdez Productions is bound
or affected. Consultant Intellectual Property does not misappropriate or infringe any third party
intellectual property rights.

 

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10. REPRESENTATIONS AND WARRANTIES OF COMPANY.

The Company hereby represents and warrants to, and covenants with, the Consultant as follows:

(a) The Company has the full legal right and power and all authority required to enter into
and to perform according to the terms of this Agreement. This Agreement is duly and validly
executed and delivered by the Company, and constitutes legal, valid, and binding obligations of the
Company enforceable against the Company in accordance with its terms.

(b) The execution, delivery and performance of this Agreement by the Company does not and will
not (i) conflict with, or constitute a default (or an event that with notice or lapse of time or
both would become a default) under, or give to others any rights of termination, amendment,
acceleration or cancellation (with or without notice, lapse of time or both) of, any agreement or
other instrument or other understanding to which the Company is a party or by which any property or
asset of the Company is bound or affected, or (ii) result in a violation of any law, rule,
regulation, order, judgment, injunction, decree or other restriction of any court or governmental
authority to which the Company is subject (including federal and state securities laws and
regulations), or by which any property or asset of the Company is bound or affected.

11. INDEPENDENT CONSULTANT RELATIONSHIP.

At all times during the Term, Consultant and the Company shall have the relationship of
independent contractors. In no event shall Consultant be deemed to be an employee of the Company,
and Consultant shall not at any time be entitled to any Company employment rights or benefits or be
deemed to be an agent of the Company or have any power to bind or commit the Company or otherwise
act on the Company’s behalf unless expressly authorized to do so in writing by an officer of the
Company. Consultant shall have the independent authority to determine the means and manner of
engaging in the Services within the reasonable guidelines established by the Company.

12. TERMINATION 

(a) Expiration of Term. The Term of this Agreement shall continue for successive three
(3) month periods unless terminated in accordance with Section 2 hereof.

(b) Death or Disability. If Mr. Valdez dies during the Term of this Agreement, this
Agreement shall be deemed to terminate on the date of Mr. Valdez’s death.

(c) Without Cause. Valdez Productions or the Company may terminate the Term of this
Agreement without cause upon providing thirty (30) days written notice to the Company.

(d) Compensation on Termination. In the event of termination of the Term of this
Agreement by the Company or by Consultant without cause or by the death of Mr. Valdez, Valdez
Productions shall be entitled to payment for the Services rendered by Mr. Valdez up to and
including the date of termination of the Term of this Agreement. All options granted pursuant to
Section 3(b), above, shall cease to vest as of the date of termination of the Term of this
Agreement. However, Valdez Productions shall be permitted to exercise any options which have fully
vested prior to such date of termination.

(e) Notices. All notices required or permitted by the terms of this Agreement shall be
sufficient if given in writing and delivered personally, by facsimile, or by certified mail or
courier service, requiring written acknowledgement of receipt, to the following addresses for the
persons or entities listed:

 

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	 	For the Company:
	 	John C. Abbott
	 

	 	 	 	Chief Executive Officer
	 

	 	 	 	Quepasa Corporation
	 

	 	 	 	7550 E. Redfield Road
	 

	 	 	 	Scottsdale, AZ 85260 
	 

	 	 	 	Fax: (     )                     
	 
	 	 	 	 
	 

	 	With a copy to:	 	 
	 

	 	 	 	Travis J. Leach, Esq.
	 

	 	 	 	Snell & Wilmer, L.L.P.
	 

	 	 	 	One Arizona Center
	 

	 	 	 	Phoenix, Arizona 85004 
	 

	 	 	 	Fax: (602) 382-6070 
	 
	 	 	 	 
	 

	 	For Mr. Valdez and
Valdez Productions:
	 	Channing D. Johnson, Esq.
	 

	 	 	 	Akin Gump Strauss Hauer & Feld LLP
	 

	 	 	 	2029 Century Park East, Suite 2400 
	 

	 	 	 	Los Angeles, CA 90067 
	 

	 	 	 	Facsimile: (310) 229-1001 

(f) Governing Law. This Agreement is governed by and shall be construed and
interpreted according to the laws of the State of Nevada.

[Remainder of Page Intentionally Left Blank]

 

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IN WITNESS WHEREOF, this Agreement is effective between the parties as of the Effective Date.

	 	 	 	 	 	 	 	 	 
	THE COMPANY:	 	 	 	THE CONSULTANT:
	 
	 	 	 	 	 	 	 	 
	QUEPASA CORPORATION	 	 	 	JEFF VALDEZ
	 
	 	 	 	 	 	 	 	 
	By:	 	/s/ John C. Abbott	 	 	 	/s/ Jeff Valdez
	 	 	 	 	 	 	 
	Name:

	 	John C. Abbott	 	 	 	 	 	 
	Title:

	 	Chief Executive Officer
	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	VALDEZ PRODUCTIONS, INC.
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Jeff Valdez
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Name:
	 	Jeff Valdez
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Title:
	 	President
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 	 	 

 

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