EXECUTIVE EMPLOYMENT AGREEMENT
This Executive Employment Agreement ("Agreement") is made effective as of June 1, 2002 ("Effective Date"), by
and between 2 Chansis, Inc., a California corporation ("Company") and Ray W. Grimm, Jr. ("Executive").
The parties agree as follows:
1. EMPLOYMENT. Company hereby employs Executive, and Executive hereby accepts such employment,
upon the terms and conditions set forth herein.
2.1 POSITION. Executive is employed as Chief Executive Officer and shall have the duties and responsibilities
assigned by Company's Board of Directors ("Board of Directors") both upon initial hire and as may be
reasonably assigned from time to time. Executive shall perform faithfully and diligently all duties assigned to
Executive. Company reserves the right to modify Executive's position and duties at any time in its sole and
absolute discretion, provided that the duties assigned are consistent with the position of a senior executive and
that Executive continues to report to the Board of Directors.
2.2 BEST EFFORTS/FULL-TIME. Executive will expend Executive's best efforts on behalf of Company, and
will abide by all policies and decisions made by Company, as well as all applicable federal, state and local laws,
regulations or ordinances. Executive will act in the best interest of Company at all times. Executive shall devote no
less than 90% of Executive's full business time and efforts to the performance of Executive's assigned duties for
Company, unless Executive notifies the Board of Directors in advance of Executive's intent to engage in other
paid work and receives the Board of Directors' express written consent to do so.
2.3 WORK LOCATION. Executive's principal place of work shall be located in Carlsbad, California or such
other location as the parties may agree upon from time to time.
3.1 INITIAL TERM. The employment relationship pursuant to this Agreement shall be for an initial term
commencing on the Effective Date set forth above