Exhibit 10.19
Employment Agreement
Agreement made this 15th day of June 2004, by and between
Telemetrix, Inc.,
a corporation organized and existing under the laws of the State of
Delaware,
with its principal office located at 300 Village Green Circle,
Suite 201,
Smyrna, Georgia, 30080 referred to in this agreement as the
company, and Richard
Dineley, of 1628 Four Lakes Drive, Madison, Georgia 30650, referred
to in this
agreement as the employee.
I. EMPLOYMENT AND DUTIES
The company employs the employee in the capacity of President
and CEO and
to perform such other duties consistent with his executive status,
as may be
determined and assigned to him by the board of directors of the
company.
II. PERFORMANCE
Employee agrees to devote a mutually agreed upon amount of his
time and
efforts to the performance of his duties as President and CEO and
to the
performance of such other duties consistent with his executive
status as are
assigned to him from time to time by the directors of the company.
III. TERM
Except in the case of earlier termination, the term of this
contract shall
be for twelve months, commencing June 15, 2004, and subject to
performance
review in six months, giving due consideration to the company's
financial
condition. This agreement may be terminated by either party during
the term upon
thirty days written notice. Such notice shall be delivered as
follows:
If to the Company: with a copy to: If to the
Employee:
Geoff Girdler Richard L. West Richard
Dineley
Telemetrix, Inc. West Law Firm, LLC 1628 Four
Lakes Drive
300 Village Green Circle 245 Park Ave., 39th Fl. Madison, GA
30650
Smyrna, GA 30080 New York, NY 10167 (706)
752-0643 - fax
(801) 849-4802 (917) 591-3145 - fax
IV. COMPENSATION
For all the services to be rendered by employee in any
capacity under this
agreement, including services as President and CEO, or any other
duties assigned
to him by the directors of the company, the company agrees to pay
employee:
1. A salary of $200,000
per annum
; and
2. A number of options to purchase 500,000 common
shares of the
company's stock upon execution of this agreement at
a strike
price equal to the fair market value of
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