THIS EMPLOYMENT AGREEMENT (this "AGREEMENT") is made as of April 4, 2000, by and between,
EVENTURES GROUP, INC., a Delaware corporation, with its principal office at 300 Crescent Court, Suite
800, Dallas, Texas 75201 (the "COMPANY"), and CHAD E. COBEN residing at 6715 Norway Road, Dallas,
Texas 75230 ("EXECUTIVE").
WHEREAS, effective April 3, 2000 (the "COMMENCEMENT DATE"), the Company desires to employ
Executive as its Senior Vice President, and Executive desires to accept such employment; and
WHEREAS, the Company and Executive desire to enter into this Agreement as to the terms of his employment
by the Company.
NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein and for other
good and valuable consideration, the parties agree as follows:
1. Term of Employment. Except for earlier termination as provided in
Section 7 hereof, Executive's employment under this Agreement shall be for a three (3) year term (the
"EMPLOYMENT TERM") commencing on the Commencement Date and ending on April 2, 2003 (the
(a) Executive shall serve as a Senior Vice President of the Company (the "SENIOR VICE PRESIDENT"),
reporting directly to the Chief Executive Officer or President of the Company (the "CHIEF EXECUTIVE
OFFICER"), with functional responsibility for acquisitions, investments and operational oversight. If requested by
the Board of Directors of the Company (the "BOARD") or the Chief Executive Officer, Executive shall also serve
on the Board and committees thereof, as an executive, officer and director of subsidiaries of the Company and/or
as a director of associated companies of the Company without additional compensation and subject to any policy
of the Compensation Committee of the Company's Board (the "COMPENSATION COMMITTEE") with
regard to retention or turnover of the director's fees.
(b) Executive shall have such duties and authority, consistent with his position, as shall be