Common use of Binding Arbitration Agreement Clause in Contracts

Binding Arbitration Agreement. In the event of any dispute between Employee and Employer or any of its agents, employees, affiliated entities, successors or assigns, arising out of or relating to the interpretation, application, breach, arbitrability, or enforceability of this Agreement, or any other dispute arising out of or relating to Employee's employment or relationship with Employer, any such dispute must be resolved in accordance with the Arbitration Agreement, attached hereto as Exhibit "C." The parties have duly executed this Agreement as of the day and year set forth above. EMPLOYER: VIDESSENCE, INC. By: Dated: Douglas Netter, Chairm▇▇ ▇▇ ▇▇▇ ▇▇▇▇d of Directors Dated: Delwin Francis EXHIBI▇ ▇ ▇▇▇▇▇▇ ▇▇▇EEMENT NETTER DIGITAL ENTERTAINMENT, INC. STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT (the "Agreement") is effective as of December 31, 1996 by and between Netter Digital Entertainment, Inc., a Delaware corporation (the "Company"), and Delwin Francis ("Optio▇▇▇"), ▇▇▇▇ ▇eference to the following facts: A. Pursuant to an Employment Agreement entered into as of December 31, 1996, the Company retained the services of Optionee. B. As part of Optionee's compensation and to align Optionee's interests with those of the Company, the Company agreed to grant Optionee an option to purchase shares of the Company's common stock.

Binding Arbitration Agreement. In the event of any dispute between Employee and Employer or any of its agents, employees, affiliated entities, successors or assigns, arising out of or relating to the interpretation, application, breach, arbitrability, or enforceability of this Agreement, or any other dispute arising out of or relating to Employee's employment or relationship with Employer, any such dispute must be resolved in accordance with the Arbitration Agreement, attached hereto as Exhibit "C." The parties have duly executed this Agreement as of the day and year set forth above. EMPLOYER: VIDESSENCE, INC. By: /s/Douglas Netter Dated: Douglas Netter, ChairmChai▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇d ard of Directors Dated: Delwin Francis EXHIBIPaul D. Costa EXHIB▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇EEMENT GREEMENT NETTER DIGITAL ENTERTAINMENT, INC. STOCK OPTION AGREEMENT THIS STOCK OPTION AGREEMENT (the "Agreement") is effective as of December 31, 1996 by and between Netter Digital Entertainment, Inc., a Delaware corporation (the "Company"), and Delwin Francis Paul Costa ("Optio▇▇Optione▇"), ▇▇▇▇ ▇eference reference to the following facts: A. Pursuant to an Employment Agreement entered into as of December 31, 1996, the Company retained the services of Optionee. B. As part of Optionee's compensation and to align Optionee's interests with those of the Company, the Company agreed to grant Optionee an option to purchase shares of the Company's common stock.