Document:

Maher Agreement

     

    EMPLOYMENT
      AGREEMENT

     

     

    (Thomas
      W. Maher)

     

     

    THIS
      EMPLOYMENT AGREEMENT
      (the
“Agreement”), effective as of December 1, 2006 (“Effective 

     

     

    Date”)
      is
      entered into by and between Thomas W. Maher, having an address at 324 Plaza
      Los
      Osos, Chula Vista, CA 91914 (“Employee”), and Ethos Environmental, Inc., a
      Nevada Corporation (“Company” or “Ethos”). 

     

     

    RECITALS

     

     

    WHEREAS,
      the
      Company desires for the Employee to serve Chief Financial Officer/Controller
      of
      the Company and the parties hereto desire for the Employee to continue serving
      in such capacity; and 

     

     

    WHEREAS,
      no
      formal document exists governing the relationship between the Company and the
      Employee, and the Company and Employee desire by the execution of this Agreement
      to create a document memorializing the terms and conditions of the Employee’s
      service with the Company; and 

     

     

    WHEREAS,
      the
      Company has granted Employee, by unanimous written consent of the Board of
      Directors effective as of even date herewith, 100,000 shares of the
      Company’s Common Stock, par value $0.001, (the “Issued Stock”) as bonus
      consideration for past services and for services hereunder. 

     

     

    NOW,
      THEREFORE,
      in
      consideration of the mutual agreements hereinafter set forth, Employee and
      the
      Company have agreed and do hereby agree as follows: 

     

     

    AGREEMENT

     

     

    1.
      Duties.
      The
      Company hereby agrees to employ and engage Employee as the Chief Financial
      Officer/Controller of the Company, and Employee hereby accepts and agrees to
      such hiring, engagement, and employment. Employee agrees to perform any and
      all
      duties and to assume any and all responsibilities that may be assigned to him
      from time to time by the Chief Executive Officer or the Board of Directors
      of
      the Company or that may be required by the Bylaws, Articles of Incorporation
      or
      other governing document of the Company. During the duration of his employment,
      Employee will devote his full time, energy, and skill to the performance of
      his
      duties for the Company and for the benefit of the Company. Employee shall render
      such services to the Company and perform his duties at such place or places
      in
      as the Company shall require in accordance with its best interests, needs,
      business and opportunities. Employee will also exercise due diligence and care
      in the performance of Employee’s duties to the Company under this Agreement.
      Except for employment with Luminart Corp., during the term hereof, Employee
      shall not enter into the services of or be employed in any capacity or for
      any
      purposes whatsoever, whether directly or indirectly, by any person, firm,
      corporation or entity other than Company, and will not, during said period
      of
      time, be engaged in any business, enterprise or undertaking other than
      employment by the Company. 

     

     

    2.
      Employment
      Period.
      Employee’s employment with the Company shall be for an initial term of one (1)
      year (the “Initial Term”), commencing on the date hereof and shall continue
      thereafter until ended in accordance with this Agreement. In the absence of
      a
      Notice of Termination, as provided herein, this Agreement shall renew
      automatically on the anniversary date hereof, on a year by year term, for each
      of the successive two years (“Extended Term”) following the Effective Date.
      Provided, however, after the Initial Term, Employee’s employment will be “at
      will,” meaning that either Employee or the Company will be entitled to terminate
      the employment at any time and for any reason, with or without cause prior
      to
      the expiration of this Agreement. Any contrary representations which may have
      been made to Employee are superseded by this Agreement. The “at will” nature of
      the employment after the Initial Term may only be changed in an express written
      agreement signed by Employee and a duly authorized officer of the Company.
      

     

     

    3.
      Compensation.
      

     

     

    (a)
      Base
      Salary.
      The
      Company shall pay Employee, and Employee agrees to accept from the Company
      in
      full payment for Employee’s services and promises to the Company (specifically
      including the covenants set forth in Sections 5 and 9, below), a base salary
      at
      the rate of $7,000.00 per month during the duration of Employee’s employment
      (“Base Salary”), payable in equal monthly installments or otherwise in
      accordance with the Company’s normal pay practices as the same may be altered
      from time to time by Company. 

     

     

    (b)
      Bonus.
      At the
      discretion of the Board of Directors, and subject to the satisfaction of such
      conditions or performance criteria as may be established from time to time
      at
      the sole discretion of the Board of Directors, Employee may, from time to time,
      receive a bonus. This bonus may consist of, without limitation, either equity
      interests of the Company (“Issued Stock”) or cash. 

     

     

    (c)
      Withholding
      Taxes.
      All
      forms of compensation paid or payable to Employee whether set forth in this
      Agreement or otherwise are subject to reduction to reflect applicable
      withholding and payroll taxes. 

     

     

    (d)
      Reimbursement
      for Business Expenses.
      Employee shall receive reasonable and customary reimbursement for business
      expenses incurred on behalf of the Company; provided, however, that Employee
      shall provide appropriate receipts and documentation for any such expenses.
      

     

     

    (e)
      Vacation.
      Employee shall be entitled to vacation on the terms and subject to the
      conditions established by the Board of Directors of the Company. 

     

     

    (f)
      Health
      Care & Life Insurance Benefits.
      In
      addition to Employee’s Base Salary during the duration of the Employee’s
      employment, when and if the Company adopts health care benefits and/or at life
      insurance benefit, Employee shall be eligible for participation in any such
      plan(s) on the terms and subject to the conditions established by the Board
      of
      Directors of the Company. 

     

     

    4.
      Issued
      Stock; Transferability.
      The
      Issued Stock and the rights and privileges conferred in whole or in part hereby
      may not be transferred, assigned, pledged or hypothecated in any way (whether
      by
      operation of law or otherwise), and the Company shall have no obligation to
      transfer such shares, unless registered under the Securities Act of 1933, as
      amended (the “Act”) or, in the opinion of counsel to the Company, such
      transaction is in compliance with or exempt from the registration and prospectus
      requirements of the Act. The Employee shall pay all costs incurred by the
      Company in such a transaction, including but not limited to legal fees and
      costs. The Issued Stock shall not be subject to levy and execution, attachment
      or similar process. Upon any attempt to transfer, assign, pledge, hypothecate
      or
      otherwise dispose of the Issued Stock, or any right or privilege conferred
      hereby, contrary to the provisions of this Agreement, or upon the levy or
      execution, attachment or similar process on the Issued Stock or the rights
      and
      privileges conferred under this Agreement, the Company shall have the right
      to
      buy back the Issued Stock, in whole or in part, in the manner described in
      Section 6. Each certificate or other documentation evidencing the ownership
      of any shares of Issued Stock to be imprinted with a legend in substantially
      the
      following form: 

     

     

    THE
      SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
      ACT
      OF 1933, AS AMENDED. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY
      NOT BE REOFFERED, SOLD, TRANSFERRED, PLEDGED, OR ASSIGNED IN THE ABSENCE OF
      (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT
      AND THE STATE SECURITIES ACT OR BLUE SKY ACT OF ANY STATE HAVING JURISDICTION
      THEREOF, OR (B) AN OPINION OF COUNSEL, REASONABLY SATISFACTORY IN FORM,
      SCOPE AND SUBSTANCE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER
      SAID
      ACT OR THE SECURITIES ACT OR BLUE SKY ACT OF ANY STATE HAVING JURISDICTION
      WITH
      RESPECT THERETO. ADDITIONALLY, THE SECURITIES REPRESENTED HEREBY ARE SUBJECT
      TO
      AN OPTION TO REPURCHASE IN FAVOR OF THE COMPANY AS DESCRIBED IN THAT CERTAIN
      EMPLOYMENT AGREEMENT DATED DECEMBER 1, 2006. 

     

     

    The
      certificate may also bear additional inscriptions that the Company, in its
      sole
      and absolute discretion, otherwise deems are required by federal, state, foreign
      or local securities laws. All shares of Issued Stock shall be subject to such
      stop-transfer orders and other restrictions as the Company may deem advisable
      under the rules, regulations, and other requirements of the US Securities and
      Exchange Commission, any stock exchange upon which the Common Stock is then
      listed, and any applicable federal or state securities law, and the Company
      may
      cause a legend or legends to be put on any certificates evidencing such shares
      to make appropriate reference to such restrictions. 

     

     

    5.
      Restrictions
      on the Issued Stock.
      The
      Issued Stock is subject to all restrictions in this Agreement. By acceptance
      of
      the Issued Stock, the Employee agrees that the Issued Stock will be held for
      investment and will not be held with a view to their distribution, as that
      term
      is used in the Act, unless in the opinion of counsel to the Company, such
      distribution is in compliance with or exempt from the registration and
      prospectus requirements of that Act. As a condition of this Agreement, the
      Company may require the Employee to confirm any factual matters reasonably
      requested by counsel for the Company. 

     

     

    THE
      EMPLOYEE UNDERSTANDS THAT THE ISSUED STOCK WILL NOT BE REGISTERED AT THE TIME
      THIS AGREEMENT UNDER THE SECURITIES ACT. THE EMPLOYEE REPRESENTS THAT IT IS
      EXPERIENCED IN EVALUATING COMPANIES SUCH AS THE COMPANY, HAS SUCH KNOWLEDGE
      AND
      EXPERIENCE IN FINANCIAL AND BUSINESS MATTERS AS TO BE CAPABLE OF EVALUATING
      THE
      MERITS AND RISKS OF ITS INVESTMENT, AND HAS THE ABILITY TO SUFFER THE TOTAL
      LOSS
      OF THE INVESTMENT. THE EMPLOYEE FURTHER REPRESENTS THAT IT HAS HAD THE
      OPPORTUNITY TO ASK QUESTIONS OF AND RECEIVE ANSWERS FROM THE COMPANY CONCERNING
      THE TERMS AND CONDITIONS OF THE ISSUED STOCK, THE COMMON STOCK, AND THE BUSINESS
      OF THE COMPANY, AND TO OBTAIN ADDITIONAL INFORMATION TO SUCH EMPLOYEE’S
      SATISFACTION. THE EMPLOYEE FURTHER REPRESENTS THAT IT IS AN “ACCREDITED
      INVESTOR” WITHIN THE MEANING OF REGULATION D UNDER THE ACT, AS PRESENTLY IN
      EFFECT. 

     

     

    6.
      Resignation;
      Termination for Cause; Other Terminations.
      

     

     

    (a)
      Resignation.
      Employee shall have the right to terminate this Agreement at any time upon
      thirty (30) days prior written notice to the Company of any such
      termination (“Employee Notice of Termination”). In the event that such
      resignation is for Good Reason (as that term is defined below), all of
      Employee’s rights and all of the Company’s obligations hereunder shall terminate
      effective on the date of Employee’s resignation and Employee shall be entitled
      to receive the unpaid portion of the Base Salary earned up to the date of such
      termination and all benefits payable to Employee as a result of such termination
      under the terms of the Company’s applicable employee benefit plans. In the event
      Employee shall resign for other than Good Reason, Employee’s obligations and the
      Company’s rights under Sections 5, 6, 7, 8, 9 and 10 shall survive the
      termination of this Agreement for a period of one (1) year, and the Issued
      Stock will be subject to the Option to Repurchase as set forth below. The
      Employee may terminate the Employee’s employment with the Company at any time
      for “Good Reason”, if any of the following have occurred without the Employees
      consent: 

     

     

    (i)
      the
      material reduction of the Employee’s authority, duties and responsibilities, or
      the assignment to the Employee of duties materially inconsistent with the
      Employee’s position or positions with the Company and its subsidiaries, except
      that the Company shall have thirty (30) days from the date on which the
      Employee gives the notice thereof to cure such event or condition and, if the
      Company does so, such event or condition shall not constitute Good Reason
      hereunder; 

     

     

    (ii)
      a
      reduction of the Annual Salary of the Employee, except that a reduction of
      the
      Employee’s Base Salary shall not constitute Good Reason for termination if
      (i) the Company cures such reduction no later than thirty (30) days
      from the date on which the Employee gives the Company notice that the reduction
      constitutes Good Reason for termination hereunder; or (ii) such reduction
      is made in connection with a reduction in compensation of not more than ten
      percent (10%) of the Employee’s Base Salary and such reduction is made
      generally applicable to all senior management employees of the Company;

     

     

    (iii)
      the
      failure by the Company to obtain an agreement in form and substance reasonably
      satisfactory to the Employee from any successor to the business of the Company
      to assume and agree to perform this Agreement; 

     

     

    (iv)
      the
      Company’s material and willful breach of this Agreement, except that the Company
      shall have thirty (30) days from the date on which the Employee gives the
      notice thereof to cure such event or condition and, if the Company does so,
      such
      event or condition shall not constitute Good Reason hereunder; 

     

     

    (v)
      a
      requirement by the Company that Employee’s work location be moved more than
      fifty (50) miles of the Company’s principal place of business in San Diego,
      California; or 

     

     

    (vi)
      the
      occurrence of a change of control, which for purposes of this Agreement shall
      mean the sale to an independent third party or group of independent third
      parties of either (i) more than fifty percent (50%) of the issued and
      outstanding equity securities of the Company and the voting power under normal
      circumstances to elect a majority of the Company’s Board of Directors (whether
      by merger, consolidation, sale or transfer of the Company’s equity securities);
      or (ii) all or substantially all of the Company’s assets determined on a
      consolidated basis. 

     

     

    (b)
      Termination
      for Cause.
      The
      Company may terminate Employee’s employment at any time for Cause (as defined
      below) with thirty (30) days written notice and opportunity to cure the
      violation (“Employer Notice of Termination”). Such opportunity to cure will only
      be available if the violation is contained in one of the following paragraphs
      (contained below in this Subsection 6(b)): (iv), (viii), (ix), (x) (xi). If
      Employee’s employment is terminated pursuant to this Subsection 6(b), all of
      Employee’s rights and all of the Company’s obligations hereunder shall
      immediately terminate. As used in this section, “for Cause” shall mean any of
      the following: 

     

     

    (i)
      Willfully damaging the Company’s property, business, reputation or goodwill;

     

     

    (ii)
      Committing a felony; 

     

     

    (iii)
      Death, theft, dishonesty, fraud or embezzlement; 

     

     

    (iv)
      Using alcohol, narcotics or other controlled substances to the extent that
      it
      prevents the Employee from efficiently performing services for the Company;
      

     

     

    (v)
      Willfully injuring any other employee of the Company; 

     

     

    (vi)
      Willfully injuring any person in the course of performance of services for
      the
      Company; 

     

     

    (vii)
      Disclosing to a competitor or other unauthorized persons, confidential or
      proprietary information, or secrets of the Company; 

     

     

     (viii)
      Soliciting business on behalf of a competitor or a potential competitor of
      the
      Company; 

     

     

    (ix)
      Sexually harassing any other employee of the Company or committing any act
      which
      otherwise creates an offensive work environment for other employees of the
      Company; 

     

     

    (x)
      Failing to comply with any provision of the Company’s policy manual or standard
      operating procedures as it applies to Employee; or 

     

     

    (xi)
      Breaching this Agreement. 

     

     

    The
      Company shall not be limited to termination as a remedy for any improper or
      illegal act of Employee, but may also seek damages, injunction or such other
      remedy as it may deem appropriate under the circumstances. This shall include
      without limitation the option by the Company, in its sole and absolute
      discretion, to repurchase the Issued Stock, in whole or in part, for an amount
      of $.001 per share (the “Option to Repurchase”), immediately upon the
      termination of the Employee’s employment with the Company for Cause, or the
      Employee’s resignation without Good Reason. Upon the termination of the Employee
      for Cause, Employee’s obligations and the Company’s rights under Sections 7, 8,
      9, 10, 11 and 12 shall survive the termination of this Agreement for a period
      of
      one (1) year 

     

     

    (c)
      Termination
      without Cause.
      The
      Company may terminate Employee’s employment at any time without Cause pursuant
      to written notice provided to Employee not less than thirty (30) days in
      advance of such termination date (“Employer Notice of Termination”). If
      Employee’s employment is terminated pursuant to this Section 6(c), all of
      Employee’s rights and all of the Company’s obligations hereunder shall
      immediately terminate. Notwithstanding a termination of this Agreement pursuant
      to this Section 6(c), Employee’s obligations and the Company’s rights under
      Sections 5, 6, 7, 8, 9 and 10 shall survive the termination of this Agreement
      for a period of one (1) year; provided, however, that in the event of a
      termination without Cause, the non-competition provision in subsection 7(b)
      below shall continue so long as the Company continues to pay Employee’s full
      wages after such termination. 

     

     

    (d)
      Notice
      of Termination. The
      Employee Notice of Termination and the Employer Notice of Termination as each
      is
      provided herein shall be collectively referred to as “Notice of Termination” for
      purposes of paragraph 2, above.

     

     

    7.
      Non-solicitation;
      Non-competition.
      

     

     

    (a)
      Employee agrees that he will not at any time during the Employee’s employment or
      the Restriction Period (the “Restriction Period” shall mean the one
      (1) year subsequent to the end of Employee’s employment by the Company for
      any reason, which ending of employment shall be referred to as the “Termination
      Date”), whether voluntarily or involuntarily, directly or indirectly for himself
      or any other person or entity solicit, interfere with or endeavor to entice
      away
      from Company or any of its affiliates any other employee of Company or any
      of
      its affiliates. Additionally, Employee agrees that during the Restriction Period
      any employment by Employee or any entity in which he has an interest, directly
      or indirectly (other than a publicly traded company in which he has less than
      a
      1% interest) of any person who was in the employ of the Company or any of its
      affiliates within the preceding year, shall be a violation of this Section.
      For
      the purposes of this Agreement indirect interests shall include interests held
      by Employee’s family members or any partner in a partnership, Limited Liability
      Company or other entity in which he has a 10% or greater ownership interest.
      

     

     

    (b)
      Employee further agrees that he will not at any time during the Restriction
      Period, whether voluntarily or involuntarily, directly or indirectly, for
      himself or any other person or entity: 

     

     

    (i)
      engage, directly or indirectly (either as an employee, officer, director,
      partner, shareholder, consultant or independent contractor), in any business
      substantially similar to that carried on by the Company, or any of its
      affiliates, or in providing services or products or offering to provide products
      or services of the kind provided by the Company or any of its affiliates as
      of
      the Termination Date within those areas in the United States, US Territories,
      Mexico, Central America and the Caribbean (the “Non-Competition Area”) which the
      Company or any of its affiliates is doing business as of the Termination Date
      or
      in which, at the time of the Termination Date, the Company or any of its
      affiliates contemplates doing business, or, for those customers of the Company
      or any of its affiliates for whom the Company or any of its affiliates:
      (A) is engaged in providing services or products as of the Termination
      Date, or (B) has either provided services or products within the twenty
      four month (24) period prior to the Termination Date, or (C) has
      contacted at any time during the twelve (12) months prior to the
      Termination Date, for the purpose of offering to provide services or products
      (all of which are hereinafter referred to as the “Clients”); 

     

     

    (ii)
      Solicit or attempt to solicit those Clients for the purposes of providing or
      offering to provide any services or products of a type which the Company or
      any
      of its affiliates provides or contemplates providing as of the Termination
      Date,
      on behalf of those Clients, whether directly or through any other persons,
      partnerships, corporations, companies or other entities; or 

     

     

    (iii)
      Take any other action which would impair the value of the business or assets
      of
      the Company or any of its affiliates, including, without limitation, any action
      which would tend to disparage or diminish the reputation of the Company or
      any
      of its affiliates. 

     

     

    (c)
      If in
      any judicial proceeding, a court shall refuse to enforce this Agreement, whether
      because the time limit is too long or because the restrictions contained herein
      are more extensive (whether as to geographic area, scope of business or
      otherwise) than is necessary to protect the business and goodwill of the
      Company, it is expressly understood and agreed between the parties hereto that
      this Agreement is deemed modified to the extent necessary to permit this
      Agreement to be enforced in any such proceedings. 

     

     

    (d)
      If
      the Company or its successors in interest shall make application to a court
      of
      competent jurisdiction for injunctive relief, then the Restriction Period
      specified herein shall be tolled from the time of application for injunctive
      relief until the date of final adjudication of the claim for injunctive relief.
      Additionally, Employee waives, to the greatest extent permissible, any
      requirement that the Company post bond or other security as a precondition
      to an
      injunction, whether temporary or permanent. 

     

     

    (e)
      Employee agrees that compliance with this Section is necessary to protect the
      goodwill and other trade secret, confidential and proprietary interests of
      the
      Company and that a breach of this Section will give rise to irreparable and
      continuing injury to the Company which is not adequately compensable in monetary
      damages or at law. Accordingly, Employee agrees that the Company, its successors
      and assigns may obtain injunctive relief against the breach or threatened breach
      of the foregoing provisions, in addition to any other legal remedies which
      may
      be available to it under this Agreement. Employee further acknowledges that
      in
      the event of his termination or expiration of employment with the Company,
      his
      knowledge, experience and capabilities are such that Employee can obtain
      employment in business activities which are of a different or noncompeting
      nature than those performed in the course of employment with the Company; and
      that the enforcement of a remedy hereunder by way of injunction will not prevent
      Employee from earning a reasonable livelihood. 

     

     

    8.
      Accounting
      for Profits.
      Employee
      covenants and agrees that if he violates the provisions of Sections 7, 9, 11,
      or
      12 the Company shall be entitled to an accounting and repayment of all profits,
      compensation, commissions, remuneration or other benefits that Employee has
      realized and/or may realize as a result of or in connection with any such
      violation. These remedies shall be in addition and not in limitation of any
      injunctive relief or other rights or remedies to which the Company is or may
      be
      entitled at law, in equity or under this Agreement. 

     

     

    9.
      Assignment
      of Proprietary Information.
      Except
      as may be required in the course of employment by the Company, Employee agrees
      that any and all Proprietary Information, as hereinafter defined, which Employee
      has made, conceived of, developed or originated, either individually or jointly
      with any other person or persons at any time during the period of employment
      by
      the Company, or during a period of five (5) years after termination or
      expiration of said employment, whether during working hours or any other time,
      which relate in any way to the business or the type of business now or hereafter
      engaged in or contemplated by the Company during the period of Employee’s
      employment or which result from or may be suggested by any work Employee does
      for the Company or at the Company’s request, shall be the property of the
      Company. As used herein, “Proprietary Information” shall mean any and all
      proprietary property including but not limited to all techniques, processes,
      devices, charts, manuals, accounting programs, accounting analysis, payroll,
      and
      improvements thereto together with the names and identities of all clients
      and
      prospective clients, price lists, customers, suppliers and all other information
      or materials which the Company may from time to time designate and treat as
      confidential and proprietary or as a trade secret. 

     

     

    Employee
      shall promptly disclose and assign such Proprietary Information to the Company’s
      representatives and do all such acts, and execute and deliver all such
      documents, as may be necessary to vest in the Company the title to all such
      Proprietary Information and enable the Company to properly prepare and prosecute
      any and all applications for patents, trademarks or copyrights thereon as well
      as all reissues, renewals and extensions thereof, so that the Company shall
      be
      the sole and absolute owner of all right, title and interest in said proprietary
      property. It is understood and agreed that the words “which relate in any way to
      the business or the type of business now or hereafter carried on or contemplated
      by the Company” shall properly cover any reasonable development or extension of
      the Company’s field of operation. These obligations shall continue beyond the
      termination or expiration of Employee’s employment with respect to inventions,
      discoveries and developments conceived or made by Employee during the period
      of
      employment and shall be binding on Employee’s assigns, executors, heirs,
      administrators and other legal representatives. Employee agrees that all
      correspondence, drawings, reports, ideas, blueprints, manuals, letters,
      electronic media, emails, software, notes, analyses, notebooks, reports, charts,
      programs, proposals or any other documents concerning the Company’s customers or
      products or processes, whether or not prepared by and in the course of
      employment, alone or in conjunction with others, is the property of the Company
      and upon termination or expiration of employment for any reason, Employee shall
      promptly return to the Company any such documents in his possession, custody
      or
      control. 

     

     

    10.
      Information
      and Testimony.
      Employee will, without expense to himself, give such true information and
      testimony under oath if requested, as may be requested of him by the Company
      relative to any Proprietary Information that is subject to disclosure to the
      Company under the terms hereof. 

     

     

    11.
      Proprietary
      Information.
      Employee agrees that he will not at any time during or after the termination
      or
      expiration of his employment, except as authorized or directed in writing by
      the
      Company, use for Employee’s own benefit, copy, reveal, divulge or make known in
      any manner to any person, firm or the Company the contents of any methods,
      inventions, systems, processes, concepts, techniques, and devices related to
      such matters used or developed by the Company, whether or not owned by the
      Company, or the methods, processes or manner of the creation and sale of
      products or services provided by, sold or leased by the Company, all sometimes
      referred to as “Trade Secrets,” as defined below. 

     

     

    Employee
      further agrees that he will not at any time during or after the termination
      or
      expiration of said employment, except as authorized or directed in writing
      by
      the Company, sell, exchange or give away or otherwise dispose of any methods,
      inventions, systems, processes, concepts, techniques and devices related to
      the
      business now or hereafter owned and operated by the Company, whether the same
      shall or may have been originated, discovered or otherwise created by Employee.
      Employee further agrees not to reveal, divulge or make known to any person,
      firm
      or the Company the name of any of the Company’s clients, price lists, suppliers
      or any secret, trade secret or other Proprietary Information whatsoever in
      connection with the Company, its business or its clients or anything pertaining
      thereto. 

     

     

    Employee
      understands that if, either during employment or thereafter, he discloses to
      others, uses for his own benefit or for the benefit of any person or entity
      other than the Company, copies or makes notes of any such Trade Secrets,
      information or facilities, such conduct will constitute a breach of the
      confidence and trust bestowed upon Employee by the Company and will be a breach
      of this Agreement. 

     

     

      “Trade
      Secret” shall mean the whole or any portion of any formula, pattern, device,
      combination of devices, or compilation of information which is for use, or
      is
      used in the operation of the Company’s business and which provides the business
      an advantage, or an opportunity to obtain an advantage, over those who do not
      know or use it. Trade Secret includes any scientific, technical or commercial
      information, including any design, process, procedure, list of suppliers, list
      of customers, business code, computer programs, sales promotions, sales or
      installation technique, or improvement thereof. For purposes of interpretation
      hereunder the following shall apply: 

     

     

    (a)
      Irrespective of novelty, invention, patentability, the state of the prior art,
      and the level of skill in the business, art, or field to which the subject
      matter pertains, when the owner thereof takes measures to prevent it from
      becoming available to persons other than those selected by the owner to have
      access thereto for limited purposes, a trade secret is considered to be secret,
      of value, for use or in use by the business, and of advantage to the business,
      or providing an opportunity to obtain an advantage, over those who do not know
      or use it. 

     

     

    (b)
      In
      addition, a “Trade Secret” shall include information (not readily compiled from
      publicly available sources) which has been made available to Employee during
      the
      course of his employment, including but not limited to the names, addresses,
      telephone number, qualifications, education, accomplishments, experience and
      resumes of all persons who have applied or been recruited for employment, for
      either or both permanent and temporary jobs, job order specifications and the
      particular characteristics and requirements of persons generally hired by the
      Company, as well as specific job listings from companies with whom the Company
      does, or attempts to do business, as well as mailing lists, computer runoffs,
      financial or other information not generally available to others, and all
      information defined as a trade secret by applicable California and/or federal
      law. 

     

     

    (c)
      Employee further agrees that he is under no obligation to any former company
      which is in any way inconsistent with this Agreement or which imposes any
      restriction on behalf of the Company. The Employee also acknowledges that he
      has
      been instructed that during the term of employment by the Company, he is not
      to
      divulge to the Company, its employees or its consultants any confidential
      information obtained from any previous employers or any other person.

     

     

    12.
      Return
      of Records.
      On
      termination of employment, Employee shall deliver all records, notes, data,
      memoranda, models, and equipment of any nature that are in Employee’s possession
      or under his control and that are the property of the Company or relate to
      the
      employment or to the business of the Company. 

     

     

    13.
      No
      Slander.
      Employee agrees not to in any way slander or injure the business reputation
      or
      goodwill of the Company, including, by way of illustration, through any contact
      with Clients, prospective clients, vendors, suppliers, employees, advertisers,
      public relations firm(s), media, investigators or agents of the Company which
      could slander or injure the business reputation or goodwill of the Company.
      

     

     

      14.
      Waiver
      or Modification.
      No
      waiver or modification of this Agreement or of any covenant, condition, or
      limitation herein contained shall be valid unless in writing and duly executed
      by the party to be charged therewith. Furthermore, no evidence of any
      modification or waiver shall be offered or received as evidence in any
      proceeding, arbitration or litigation between the parties arising out of or
      affecting this Agreement or the rights or obligations of any party hereunder,
      unless such waiver or modification is in writing, duly executed as aforesaid.
      The provisions of this Section may not be waived except as herein set forth.
      

     

     

    15.
      Choice
      of Law; Waiver of Jury Trial, Arbitration.
      This
      Agreement and the performance hereunder and all suits and special proceedings
      hereunder shall be construed in accordance with the laws of the State of
      California. In any action, special proceeding or other proceeding that may
      be
      brought arising out of, in connection with, or by reason of this Agreement,
      the
      laws of the State of California shall be applicable and shall govern to the
      exclusion of the law of any other forum, without regard to the jurisdiction
      in
      which the action or special proceeding may be instituted. All actions under
      this
      Agreement shall be taken in a court of competent jurisdiction within San Diego
      County in the State of California in which the Company’s principal place of
      business is located and Employee hereby waives and agrees that he shall not
      assert that such forum is inconvenient. Except for provisional remedies and
      pre-judgment relief, any controversy or claim arising out of, or relating to,
      this Agreement or a breach hereof shall be settled by arbitration in accordance
      with the rules then obtained from the American Arbitration
      Association.

     

     

    EACH
      PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHTS IT MAY HAVE TO DEMAND A
      TRIAL
      BY JURY FOR ANY ACTION, PROCEEDING OR COUNTERCLAIM ARISING OUT OF OR IN ANY
      WAY
      RELATED TO THIS AGREEMENT OR THE RELATIONSHIP OF THE PARTIES. THIS WAIVER
      EXTENDS TO ANY AND ALL RIGHTS TO DEMAND A TRIAL BY JURY ARISING FROM ANY SOURCE,
      INCLUDING BUT NOT LIMITED TO THE CONSTITUTION OF THE UNITED STATES, THE
      CONSTITUTION OF ANY STATE, COMMON LAW OR ANY APPLICABLE STATUTE OR REGULATION.
      EACH PARTY HEREBY ACKNOWLEDGES THAT IT IS KNOWINGLY AND VOLUNTARILY WAIVING
      THE
      RIGHT TO DEMAND TRIAL BY JURY. 

     

     

    16.
      Binding
      Effect of Agreement.
      This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and their respective heirs, successors, assigns and legal representatives.
      

     

     

    17.
      Life
      Insurance.
      Inasmuch
      as the services of Employee are important to the success or failure of the
      Company, the Company may, by its sole discretion, purchase disability insurance
      or insurance on the life of the Employee during the term hereof in such amounts
      as the Company shall determine appropriate. Such insurance shall be owned by
      the
      Company, the Company shall be the sole beneficiary, and all premiums therefor
      shall be paid by the Company. The Employee agrees to cooperate with the
      reasonable requirements of the Company and/or its insurance carriers as
      necessary to obtain such insurance, including submitting to any and all
      necessary medical examinations. 

     

     

    18.
      Invalid
      Provision.
      The
      invalidity or unenforceability of a particular provision of this Agreement
      shall
      not effect the other provisions hereto, and this Agreement shall be construed
      in
      all respects as if such invalid or unenforceable provisions were omitted.

     

     

    19.
      Costs
      of Enforcement.
      In the
      event either party initiates action to enforce his, her or its rights hereunder,
      the prevailing party shall recover from the non-prevailing party the reasonable
      expenses, court costs, including taxed and untaxed costs, and reasonable
      attorneys’ fees, whether suit be brought or not (jointly referred as to
“Expenses”). As used herein, Expenses include expenses incurred in any appellate
      or bankruptcy proceeding. All such Expenses shall bear interest at the highest
      rate allowable under the laws of the State of California from the date the
      substantially prevailing party pays such Expenses until the date the
      substantially non-prevailing party repays such Expenses. Expenses incurred
      in
      enforcing this Section shall be covered by this Section. For this purpose,
      the
      court is requested by the parties to award actual costs and attorneys’ fees
      incurred by the prevailing party, it being the intention of the parties that
      the
      prevailing party is completely reimbursed for all such costs and fees. The
      parties request that inquiry by the court as to the fees and costs shall be
      limited to a review of whether the fees charged and hourly rates for such fees
      are consistent with the fees and hourly rates routinely charged by the attorneys
      for the prevailing party. 

     

     

    20.
      Assignment.
      This
      Agreement shall be construed as a contract for personal services by Employee
      to
      the Company and shall not be assignable by Employee. This Agreement may be
      assigned by the Company. 

     

     

    21.
      Strict
      Construction.
      This
      Agreement was the joint, negotiated product of the parties. Therefore, neither
      party shall advance a position that any provision hereof should be more strictly
      construed against the other party on the basis that such other party prepared
      such provision. 

     

     

    22.
      Cumulative
      Rights.
      Unless
      otherwise provided herein, all rights, powers and privileges conferred upon
      the
      parties by law, this Agreement or otherwise shall be cumulative. 

     

     

    23.
      Waiver.
      No
      failure of any party to exercise any power given such party hereunder or to
      insist upon strict compliance by any party with its obligations hereunder,
      and
      no custom or practice of the parties in variance with the terms hereof shall
      constitute a waiver of the parties’ right to demand exact compliance with the
      terms hereof. 

     

     

    24.
      Survival.
      The
      provisions of this Agreement shall continue and survive the closing hereof
      unless or until there is a completion and fulfillment of all the conditions,
      covenants and warranties herein. 

     

     

    25.
      Time.
      Time is
      of the essence of this Agreement. 

     

     

    26.
      Notices.
      All
      notices, requests, demands and other communications required or permitted
      hereunder shall be in writing and shall be deemed to have been duly given when
      delivered by hand or when mailed by certified registered mail, return receipt
      requested, with postage prepaid to their current address or to such other
      address as they request in writing. 

     

     

      27.
      Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original, but all of which shall constitute the same instrument.
      

     

     

    28.
      Singular/Plural
      Feminine/Masculine, Successors or Assigns.
      All
      references as used herein shall include male and female, singular and plural,
      and successors or assigns in the use of a corporation, partnership, individual
      or entity in any place or places herein in which the context may require or
      permit such substitution, substitutions or designations. 

     

     

    29.
      Legal
      Representation.
      Employee acknowledges having carefully read and reviewed this Agreement and
      Employee acknowledges that Employer has advised him to seek independent legal
      counsel to review this Agreement and to advise him of his rights hereunder.
      Employee acknowledges having had an opportunity to ask questions about this
      Agreement and to consult other legal counsel. Employee understands and
      acknowledges that Employer is represented by an attorney responsible for
      drafting the provisions of this Agreement in accordance with the wishes of
      the
      Company.

     

     

    30.
      Complete
      Agreement.
      This
      written Agreement contains the sole and entire agreement between the parties
      as
      to the matters contained herein, and supersedes any and all other agreements
      between them. The parties acknowledge and agree that neither of them has made
      any representation with respect to such matters of this Agreement or any
      representations except as are specifically set forth herein, and each party
      acknowledges that he or it has relied on his or its own judgment in entering
      into this Agreement. The parties further acknowledge that statements or
      representations that may have been heretofore made by either of them to the
      other are void and of no effect and that neither of them has relied thereon
      in
      connection with his or its dealing with the other. 

     

     

    IN
      WITNESS WHEREOF,
      the
      parties have executed this Agreement as of the date first set forth above.
      

     

     

     “EMPLOYER”       “EMPLOYEE”

     

     

    ETHOS
      ENVIRONMENTAL, INC.    THOMAS
      W.
      MAHER

     

     

    

     

     

    By:
      ____________________________    By:
      ____________________________

     

    Enrique
      de Vilmorin      Thomas
      W.
      Maher

    Its:
      President       an
      IndividualExhibit 10.1

                           EIGHTH AMENDMENT AGREEMENT

     THIS  EIGHTH  AMENDMENT  AGREEMENT  (this  "Amendment"),  entered  into  on
December  5,  2006,  by  and  between  Promethean  Industries,  Inc., a Delaware
corporation  ("Promethean"),  New  Century  Energy Corp., a Colorado corporation
("NCEC"),  and  Laurus Master Fund, Ltd. ("Laurus"), and acknowledged by Century
Resources,  Inc.  ("CRI")  and  Gulf  Coast  Oil  Corporation  ("Gulf  Coast").

                                   BACKGROUND

     NCEC and Laurus are parties to (a) a Securities Purchase Agreement dated as
of  June 30, 2005 (as amended, restated, supplemented or otherwise modified from
time to time, the "June 2005 SPA"); (b) a Securities Purchase Agreement dated as
of  September 19, 2005 (as amended, restated, supplemented or otherwise modified
from  time  to  time,  the "September 2005 SPA" together with the June 2005 SPA,
each  a  "Purchase  Agreement"  and  collectively,  the  "Purchase  Agreements")
pursuant  to  which  Laurus provided NCEC with certain financial accommodations;
and  (c) NCEC and Laurus are parties to a Registration Rights Agreement dated as
of  June 30, 2005 (as amended, restated, supplemented or otherwise modified from
time to time, the "Registration Rights Agreement") pursuant to which NCEC, among
other  things,  has  agreed  to  file  a  registration  statement  covering  the
Registrable  Securities  (as  therein  defined).

     In  connection  with  the  (a)  June  2005  SPA,  NCEC  executed  a Secured
Convertible  Term  Note  dated  as  of  June  30, 2005 in favor of Laurus in the
original  principal amount of $15,000,000 (as amended, restated, supplemented or
otherwise  modified  from time to time), which Secured Convertible Term Note was
amended  by  NCEC's entry into the Amended and Restated Secured Convertible Term
Note  on  December  30,  2005,  which  was  effective  as  of June 30, 2004 (the
"Convertible Note"), a Common Stock Purchase Warrant to purchase up to 7,258,065
shares  of  NCEC  common stock, which has since been assigned to Promethean (the
"Warrant")  and  an  Option  to  purchase up to 10,222,784 shares of NCEC common
stock,  which  a  portion  has  been exercised and 6,547,784 shares remain to be
exercised,  which  remaining  portion has been assigned to Promethean (the "June
Option") and (b) the September 2005 SPA, NCEC executed a Secured Term Note dated
as  of September 19, 2005 in favor of Laurus in the original principal amount of
$9,500,000  (as  amended, restated, supplemented or otherwise modified from time
to  time).

     In  December  2005,  in  connection  with  the  parties  entry into a Third
Amendment  Agreement,  NCEC  issued Laurus an Option to purchase up to 5,061,392
shares  of  NCEC  common stock, which has since been assigned to Promethean (the
"December  Option").

     In  April  2006,  NCEC's  wholly  owned  subsidiary, Gulf Coast, a Delaware
corporation, entered into a Securities Purchase Agreement with Laurus (the "Gulf
Coast  Securities  Purchase  Agreement"),  whereby Gulf Coast sold a $40,000,000
Secured  Term Note to Laurus (the "Gulf Coast Note") and a Common Stock Purchase
Warrant  (the  "Gulf  Coast  Warrant"),  and  entered into various other Related
Agreements,  as  defined  in  the  Gulf Coast Securities Purchase Agreement (the
"Gulf Coast Related Agreements"). NCEC guaranteed all of Gulf Coasts obligations
and  liabilities  to  Laurus  pursuant  to  a  Guaranty  (as  amended, restated,
supplemented  or  otherwise  modified  from  time to time, the "NCEC Guaranty").

<PAGE>

     NCEC  and  Laurus  have  agreed to amend the Registration Rights Agreement,
Warrant,  June  Option  and  December Option (collectively the "Options") on the
terms  and  conditions  hereafter  set  forth.

     NOW,  THEREFORE,  in  consideration of the agreements set forth herein, and
for  other good and valuable consideration, the receipt and sufficiency of which
are  hereby  acknowledged,  the  parties  hereto  hereby  agree  as  follows:

1.     Amendment  to  Warrant.  Subject  to  satisfaction  of  the  conditions
       ----------------------
precedent  set  forth  in  Section 4 below, Section 2.2 of the Warrant is hereby
deleted  in  its  entirety  and  the following new Section 2.2. inserted in lieu
thereof:

          "2.2  (a)  Exercise.  Payment  may  be  made  either  (i)  in  cash in
     immediately  available funds or by certified or official bank check payable
     to  the  order  of  the  Company equal to the applicable aggregate Exercise
     Price,  (ii)  by delivery of this Warrant, or shares of Common Stock and/or
     Common  Stock  receivable  upon exercise of this Warrant in accordance with
     the formula set forth in subsection (b) below, or (iii) by a combination of
     any  of the foregoing methods, for the number of Common Shares specified in
     such  Exercise Notice (as such exercise number shall be adjusted to reflect
     any  adjustment  in  the total number of shares of Common Stock issuable to
     the Holder per the terms of this Warrant) and the Holder shall thereupon be
     entitled  to  receive  the  number  of  duly  authorized,  validly  issued,
     fully-paid  and non-assessable shares of Common Stock (or Other Securities)
     determined  as  provided  herein.

          (b) Notwithstanding any provisions herein to the contrary, if the Fair
     Market  Value  of  one  share  of Common Stock is greater than the Exercise
     Price  (at  the  date  of  calculation  as  set  forth  below),  in lieu of
     exercising  this  Warrant  for cash, the Holder may elect to receive shares
     equal  to  the  value (as determined below) of this Warrant (or the portion
     thereof  being  exercised)  by  surrender  of this Warrant at the principal
     office  of  the Company together with the properly endorsed Exercise Notice
     in  which event the Company shall issue to the Holder a number of shares of
     Common  Stock  computed  using  the  following  formula:

                       X=          Y(A-B)
                                  -------
                                     A

                       Where X =  the  number  of  shares o  Common Stock to  be
                                  issued  to  the  Holder

                       Y =        the  number  of  shares  of  Common  Stock
                                  purchasable  under this Warrant or, if only a
                                  portion  of  this Warrant is being exercised,
                                  the  portion  of this Warrant being exercised
                                  (at  the  date  of  such  calculation)

<PAGE>

                       A =        the  Fair  Market  Value  of  one  share  of
                                  the  Company's  Common  Stock (at the date of
                                  such  calculation)

                       B =        the  Exercise  Price  per  share  (as
                                  adjusted  to  the  date  of such calculation)

     Notwithstanding  anything  to  the  contrary  set  forth  in Section 2.2(a)
     above,  (i)  to the extent that a registration statement registering all of
     the  shares  of  Common Stock of the Company issuable upon exercise of this
     Warrant  has  been  declared  effective  by  the  Securities  and  Exchange
     Commission  and  remains  effective as of the date of the proposed exercise
     set  forth  in  an  Exercise  Notice,  the  Holder shall upon such proposed
     exercise, make payment to the Company of each respective Exercise Price set
     forth  in  such  Exercise  Notice  in  cash by wire transfer of immediately
     available  funds  or by certified or official bank check only, and (ii) the
     cashless  exercise  option set forth in Section 2.2(a)(ii) above shall only
     be  available  to the Holder (subject to Section 2.2(b)(i)), after December
     4,  2007."

2.     Amendment  to  Options.  Subject  to  satisfaction  of  the  conditions
       ----------------------
precedent  set  forth  in  Section 4 below, Section 2.2 of the Options is hereby
deleted  in  its entirety and the following new Section 2.2. is inserted in lieu
thereof:

          "2.2  (a)  Exercise.  Payment  may  be  made  either  (i)  in  cash in
     immediately  available funds or by certified or official bank check payable
     to  the  order  of  the  Company equal to the applicable aggregate Exercise
     Price,  (ii)  by  delivery of this Option, or shares of Common Stock and/or
     Common Stock receivable upon exercise of this Option in accordance with the
     formula set forth in subsection (b) below, or (iii) by a combination of any
     of the foregoing methods, for the number of Common Shares specified in such
     Exercise  Notice  (as such exercise number shall be adjusted to reflect any
     adjustment  in  the  total number of shares of Common Stock issuable to the
     Holder  per  the  terms  of this Warrant) and the Holder shall thereupon be
     entitled  to  receive  the  number  of  duly  authorized,  validly  issued,
     fully-paid  and non-assessable shares of Common Stock (or Other Securities)
     determined  as  provided  herein.

          (b) Notwithstanding any provisions herein to the contrary, if the Fair
     Market  Value  of  one  share  of Common Stock is greater than the Exercise
     Price  (at  the  date  of  calculation  as  set  forth  below),  in lieu of
     exercising  this  Option  for  cash, the Holder may elect to receive shares
     equal  to  the  value  (as determined below) of this Option (or the portion
     thereof  being  exercised)  by  surrender  of  this Option at the principal
     office  of  the Company together with the properly endorsed Exercise Notice
     in  which event the Company shall issue to the Holder a number of shares of
     Common  Stock  computed  using  the  following  formula:

<PAGE>

                       X=          Y(A-B)
                                   -------
                                       A

                       Where X =   the  number  of  shares  of  Common  Stock to
                                   be  issued  to  the  Holder

                       Y =         the  number  of  shares  of  Common  Stock
                                   purchasable  under  this Option or, if only a
                                   portion  of  this  Option is being exercised,
                                   the  portion  of  this Option being exercised
                                   (at  the  date  of  such  calculation)

                       A =         the  Fair  Market  Value  of  one  share  of
                                   the  Company's  Common  Stock (at the date of
                                   such  calculation)

                       B =         the  Exercise  Price  per  share  (as
                                   adjusted  to  the  date  of such calculation)

     Notwithstanding  anything  to  the  contrary  set  forth  in Section 2.2(a)
     above,  the  cashless exercise option set forth in Section 2.2(a)(ii) above
     shall  only  be available to the Holder, upon the earlier of (i) the date a
     registration  statement  registering  all  of  the  shares  of Common Stock
     issuable  in  connection with the exercise of the Warrant issued as of June
     30,  2005  by  the  Company  to  the  Holder is declared effective with the
     Securities  and  Exchange  Commission,  and  (ii)  December  4,  2007.

3.      Amendment  to Registration Rights Agreement.  NCEC hereby agrees to, and
        -------------------------------------------
Promethean and Laurus hereby acknowledge that NCEC will only register the shares
of  Common  Stock  issuable  to  Laurus  in  connection with the exercise of the
Warrant  on  the Registration Statement (as defined in the SPA and as revised to
the  extent  necessary  to  reflect  Promethean  as  an  additional  selling
shareholder),  and  each  party  hereto  agrees  that  all  provisions  of  the
Registration  Rights  Agreement  and  Related  Agreements describing Registrable
Securities  (as  defined in the Registration Rights Agreement), shall refer only
to  the  shares  of common stock issuable in connection with the exercise of the
Warrant,  and  NCEC  shall  not  be responsible for registering any of the other
shares  convertible  in connection with the Note, or issuable in connection with
the  exercise  of the Options, including but not limited to the 3,675,000 shares
of  common  stock  previously  issued  to  Laurus  in  connection with a partial
exercise  of  the  June  Option.

4.     Conditions  of Effectiveness.  This Amendment shall become effective upon
       ----------------------------
due execution by each of the parties hereto and upon receipt by Laurus of a copy
of  this  Amendment duly executed by NCEC and consented and agreed to by CRI and
Gulf  Coast  (together  with  CRI  and  NCEC, each a "Company" and collectively,
"Companies").

5.     Representations  and  Warranties.  The  Companies  hereby  represent  and
       --------------------------------
warrant  as  follows:

<PAGE>

          (a)  This  Amendment,  the  Purchase  Agreements  and the Registration
     Rights  Agreement,  as  amended hereby, constitute legal, valid and binding
     obligations of the Companies party thereto and are enforceable against such
     Companies  in  accordance  with  their  respective  terms.

          (b)  Upon  the  effectiveness  of  this Amendment, each Company hereby
     reaffirms  all  covenants,  representations  and  warranties  made  in each
     Purchase  Agreement,  the Related Agreements (as therein defined), the Gulf
     Coast  Related  Agreements  and  the  Registration  Rights  Agreement,  as
     applicable,  to  the  extent the same are not amended hereby and agree that
     all  such covenants, representations and warranties shall be deemed to have
     been  remade  as  of  the  effective  date  of  this  Amendment.

          (c)  No event of default has occurred and is continuing or would exist
     under  any  document,  instrument  or agreement by and between any Company,
     Promethean,  and/or  Laurus  after  giving  effect  to  this  Amendment.

          (d) No Company has any defense, counterclaim or offset with respect to
     any  Purchase  Agreement,  the  Registration  Rights Agreement or any other
     Related  Agreement  (as  defined  in  each  Purchase  Agreement).

     6.  Effect  on  the  Securities.
         ---------------------------

          (a)  Upon the effectiveness of Sections 1 and 2 hereof, each reference
     in  the  Securities, the Purchase Agreement, the Registration Agreement and
     any  other Related Agreement to "Warrant," "Option," "hereunder," "hereof,"
     "herein"  or  words  of  like  import shall mean and be a reference to such
     Security,  as  amended  hereby.

          (b)  Upon the effectiveness of Section 3 hereof, each reference in the
     Registration  Rights  Agreement,  Securities, Purchase Agreement or Related
     Agreements to "this Agreement," "hereunder," "hereof," "herein" or words of
     like  import  shall  mean  and  be  a  reference to the Registration Rights
     Agreement,  as  applicable,  as  amended  hereby and the Gulf Coast Related
     Agreements  and  all  other  documents, instruments and agreements executed
     and/or  delivered  in  connection therewith, shall remain in full force and
     effect,  and  are  hereby  ratified  and  confirmed.

          (c) Except as specifically amended herein, each Security, the Purchase
     Agreement  and  the other Related Agreements shall remain in full force and
     effect  and  are  hereby  ratified  and  confirmed.

          (d)  The execution, delivery and effectiveness of this Amendment shall
     not  operate  as  a  waiver  of  any  right, power or remedy of Laurus, nor
     constitute  a  waiver  of  any  provision  of  the Securities, the Purchase
     Agreement  or  any  other  Related  Agreement  or  any  other  documents,
     instruments  or agreements executed and/or delivered under or in connection
     therewith.

<PAGE>

7.     Headings.  Section  headings  in  this  Amendment are included herein for
       --------
convenience  of reference only and shall not constitute a part of this Amendment
for  any  other  purpose.

8.     Disclosure.     NCEC understands that it has an affirmative obligation to
       ----------
make  prompt public disclosure of material agreements and material amendments to
such  agreements.  It  is NCEC's determination that this Amendment and the terms
and  provisions  of  this  Amendment,  (collectively,  the  "Information")  are
material. NCEC hereby agrees to file a Form 8-K disclosing the Amendment and the
terms  and  provisions  of  this  Amendment within four (4) business days of the
execution  of  this  Amendment.

9.     This  Amendment  shall  be  binding  upon  the  parties  hereto and their
respective  successors  and  permitted assigns and shall inure to the benefit of
and be enforceable by each of the parties hereto and their respective successors
and  permitted  assigns.  THIS  AMENDMENT  SHALL  BE  CONSTRUED  AND ENFORCED IN
ACCORDANCE  WITH  AND  GOVERNED  BY  THE  LAW  OF  THE  STATE  OF  NEW  YORK.

10.     Counterparts;  Facsimile.  This Amendment may be executed by the parties
        ------------------------
hereto  in  one  or more counterparts, each of which shall be deemed an original
and  all  of  which  when  taken  together  shall  constitute  one  and the same
agreement.  Any  signature  delivered by a party by facsimile transmission shall
be  deemed  to  be  an  original  signature  hereto.

                           [Signature Pages to Follow]

<PAGE>

IN WITNESS WHEREOF, this Eighth Amendment Agreement has been duly executed as of
the day and year first written above.

                                        NEW  CENTURY  ENERGY  CORP.

                                        By: /s/ Edward R. DeStefano
                                           ------------------------------
                                             Name:  Edward  R.  DeStefano
                                             Title:  President

                                        LAURUS  MASTER  FUND,  LTD.

                                        By: /s/ Eugene Grin
                                            -----------------------------
                                             Name:  Eugene  Grin
                                             Title:  Director

                                        PROMETHEAN  INDUSTRIES,  INC.

                                        By: /s/ Eugene Grin
                                           -----------------------------
                                             Name:  Eugene  Grin
                                             Title:  President

                                        CONSENTED  AND  AGREED  TO:

                                        CENTURY  RESOURCES,  INC.

                                        By: /s/ Edward R. DeStefano
                                           -----------------------------
                                            Name:  Edward  R.  DeStefano
                                            Title:  President

                                        GULF  COAST  OIL  CORPORATION

                                        By: /s/ Edward R. DeStefano
                                           -----------------------------
                                            Name:  Edward  R.  DeStefano
                                            Title:  President

<PAGE>

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