Cto Employment Agreement

FORTUNET INC.
EXEMPT
EMPLOYMENT AGREEMENT


THIS AGREEMENT is made and entered into effective the 9th day of September, 2002, by and between FortuNet Inc. ("Company") a Nevada Corporation having a principal place of business located at 2620 S. Highland Drive, Las Vegas, NV 89109 and Jack B. Coronel an individual residing at 908 Cambridge Cross Place,. Las Vegas, NV 89134 ("Employee").


WITNESSETH:


WHEREAS, Company desires to employ Employee in the position of Director of Compliance and Strategic Development, and Employee is willing to work for Company in that position.


NOW, THEREFORE, Company and Employee, in consideration of the promises and mutual covenants contained herein, including but not limited to the increase in salary set forth in paragraph 3, agree as follows:


1. Current Employment: Company agrees to employ Employee and Employee
agrees to serve Company in the position set forth above and/or to
perform such services for Company as may be assigned by Company
management or officers, in accordance with the terms herein set forth.


2. Exclusive Service and Best Efforts: Except as otherwise provided in
writing, Employee shall devote his or her full time and best efforts
to the performance of Employee's duties for Company, and shall
faithfully adhere to Company's business policies and procedures.
During the term of this Agreement, Employee shall not, at any time or
place, either directly or indirectly, provide services in Employee's
professional capacity to any extent whatsoever except under the terms
of this Agreement. All fees or other income attributable to services
by Employee in Employee's professional capacity during the term of
this Agreement shall belong to and inure to the benefit of Company.


3. Salary: Unless otherwise agreed to in writing, Company will compensate
Employee for Employee's services as follows: Company will pay Employee
an annual salary of Sixty Thousand dollars ($60,000.00).


4. Expenses: Company shall reimburse Employee for reasonable expenses
incurred by Employee on behalf of the Company in the performance of
Employee's duties, if and to the extent approved by an appropriate
officer of Company. Employee shall furnish Company with the
appropriate documentation required by the Internal Revenue Code and
Regulations in connection with such expenses.


5. Benefits: Employee shall be entitled to participate in any employee
benefit plans which are maintained or established by Company for its
employees, the terms and duration of which shall be determined at the
discretion of the Company.


6. Vacations: Employee shall be entitled to vacation in accordance with
Company policy.


7. Termination of Employment: This Agreement may be terminated
immediately at the option of and by notice from Company or Employee.
Unless previously terminated, this Agreement shall be terminated by
Employee's death. Upon the termination of this Agreement, regardless
of the reason, all rights and obligations of Company and Employee
under this agreement shall be terminated, except that all of the
obligations of
Employee set forth in paragraphs 8, 9, 10, 11, and 12 hereof shall
continue in effect for their full duration, as specified below.


8. Nondisclosure: Employee recognizes and acknowledges that during the
course of his or her employment by Company, Employee will gain access
to confidential information of Company, and that irreparable harm to
Company would result if such confidential information came to be known
by the Competitors of Company. For the purpose of this paragraph,
confidential information is any information that the Company endeavors
to keep confidential, including but not limited to; financial,
organizational, or operational information; customer lists; marketing
plans; employee lists; trade secrets; proprietary information; or any
such information ...