EXHIBIT 10.2
EMPLOYMENT AGREEMENT
CONSULTING AGREEMENT by and between Silver King Resources, Inc. (Company)
and Unicor, Inc., (Consultant). Unicor, Inc. will furnish the services of Dr.
Xxxxx XxXxx Xxxxxx in conjunction with this agreement.
For good consideration, Company shall retain and the Consultant agrees to
be retained on the following terms:
1. Effective Date:
2. Employment shall commence upon closing of the transactions contemplated
in the Agreement and Plan of Merger by and among Silver King Resources, Inc.,
Silver King Acquisition, Inc. and eNexi Inc. and Principal Stockholders of eNexi
Inc., dated March 21, 2000.
3. Duties:
Consultant agrees to perform the following duties:
Assist the Company in developing and implementing it's core
product and infrastructure, assist in the management of the
Company's staff and in the attainment of funding from outside
sources.
Consultant shall also perform such further duties as are
incidental or implied from the foregoing, consistent with the
background, training and qualifications of Consultant or may be
reasonable delegated as being in the best interests of the
Company. The Consultant shall devote full time to his employment
and expend best efforts on behalf of the Company. Consultant
further agrees to abide by all reasonable Company policies and
decisions now or hereinafter existing.
4. Term:
The Consultant's employment shall continue for a period of one (1) year(s),
beginning upon closing of the transactions contemplated in the Agreement and
Plan of Merger by and among Silver King Resources, Inc., Silver King
Acquisition, Inc. and eNexi Inc. and Principal Stockholders of eNexi Inc., dated
March 21, 2000.
5. Compensation:
The Consultant shall be paid the following compensation:
Fees: $10,000, to be paid on a monthly basis.
6. Termination:
This agreement may be earlier terminated upon:
a. Death of Consultant or illness or incapacity that prevents
Consultant from substantially performing for six (6) continuous months
or in excess of 130 aggregate working days in any calendar year.
b. Breach of agreement by Consultant.
7. Renewal:
Should Consultant remain in the employ of the Company
after the termination date of this Agreement, the terms of this
Agreement shall remain in full force effect, except that the
continued term of employment shall be at the will of the parties,
and can be ended at any time, for any reason, by either party.
8. Miscellaneous:
a. Consultant agrees to execute a non-compete agreement as annexed hereto.
b. Consultant agrees to execute a confidential information and invention
assignment agreement as annexed hereto.
c. Consultant agrees that during the term of this agreement and for a
period of two (2) years thereafter, Consultant will not:
i. Induce or attempt to induce any Consultant to leave the
Company's employ;
ii. Interfere with or disrupt the Company's relationship with any
of its Consultants;
iii. Solicit or employ any person employed by the Company.
d. This agreement shall not be assignable by either party, provided that
upon any sale of this business by Company, the Company may assign this agreement
to its successor or Consultant may terminate same.
e. In the event of any dispute under this agreement, it shall be resolved
through binding arbitration in accordance with the rules of the American
Arbitration Association.
f. This constitutes the entire agreement between the parties. Any
modification must be in writing.
Signed under seal this 19th day of May, 2000.
SILVER KING RESOURCES, INC.
/s/XXXXX XXXXX
UNICOR, INC.
/s/XXXXX XXXXX XXXXXX
