Item 1.01 Entry into a Material Definitive Agreement

On June 30, 2008, our Compensation Committee approved the renewal and extension of the employment agreements with Suki Mudan, our President, and Alan Knitowski, our Chairman. Each employment agreement, originally dated October 28, 2003, as amended, was extended for one year until March 31, 2009.

On September 9, 2008, the Compensation Committee approved the written amendments documenting the negotiated terms of extending the employment agreements with Suki Mudan, our President, and Alan Knitowski, our Chairman. Each employment agreement, originally dated October 28, 2003, as amended, was extended for one year until March 31, 2009.

Item 5.02 Compensatory Arrangements of Certain Officers

As amended on September 29, 2006, the employment agreements dated October 28, 2003, with Suki Mudan, our President, and Alan Knitowski, our Chairman, provided that if the employee, on or before March 31, 2008, notified us in writing that he was willing to negotiate in good faith with us to enter into a new employment agreement, we would pay to the employee a bonus of $60,000, payable in cash or common stock of Caneum. Both Mr. Mudan and Mr. Knitowski notified us prior to March 31, 2008, that they would be willing to negotiate a new employment agreement with us.

As a consequence, on June 30, 2008, our Compensation Committee authorized the issuance of 178,042 shares each to Messrs Mudan and Knitowski for such notifications, which was corrected to a total of 294,118 on September 9, 2008, by the Compensation Committee.

All of the shares were issued under our 2002 Stock Option/Stock Issuance Plan.

Item 9.01 Exhibits

99.1 Amendment dated September 9, 2008, effective March 31, 2008, to Employment Agreement with Sukhbir Singh Mudan*
99.2 Amendment dated September 9, 2008, effective March 31, 2008, to Employment Agreement with Alan S. Knitowski*
* Management contract, or compensatory plan or arrangement required to be filed as an exhibit