rsg_ex1010.htm


    Exhibit
      10.10

     

    EMPLOYMENT
      AGREEMENT dated January 1 2007 between The Resourcing
      Solutions Group, Inc., a Nevada corporation, with a principal place of business
      at 7621 Little Avenue, Suite 101, Charlotte, NC 28226 ( “Company”) and Michael
      Peterson an individual residing at 504 Shawnee Trail, Winchester VA 22602
      (“Executive”).

    


    R
      E C
      I T A L S

    


    Whereas,
      Executive has served the Company continuously since April 1, 2006 as a Vice
      President;

    


    Whereas,
      the Company desires to employ and retain the unique experience, ability
      and services of Executive as a principal executive officer and desires to retain
      Executive’s services in an advisory and consulting capacity and to prevent any
      other competitive business from securing his/her services and utilizing his/her
      experience, background and expertise.

    


    Whereas,
      the
      terms, conditions and undertakings of this Agreement were submitted to, and
      duly
      approved and authorized by the Company’s Board of Directors at a meeting held on
      February 08, 2007.

    


    NOW
      THEREFORE in consideration of the mutual promises, terms, conditions
      and undertakings hereinafter set forth, it is agreed between the parties as
      follows:

    


    1.    Employment

    


     (a)  Executive
      Employment:  The Company employs Executive and Executive accepts
      employment in a principal executive and managerial capacity effective January
      1,
      2007 until December 31, 2011.  After December 31, 2011, either
      Executive or the Company may, at any time terminate Executive’s Executive
      Employment subject to the restrictions and conditions hereinafter contained
      on
      four (4) months prior written notice to the other party.

    


    (b)
      Automatic Renewal:  This Agreement shall be renewed
      automatically for succeeding terms of three (3) years each unless either party
      gives written notice to the other at least ninety (90) days prior to the
      expiration of any term of Executive’s or Company’s intention not to renew
      pursuant to Company’s bylaws.

    


    (c)  “Executive
      Employment” Defined:  “Executive Employment” as used herein
      refers to the entire prior employment of Executive by Company, whether for
      the
      periods provided above, or whether terminated earlier as hereinafter provided
      or
      extended by mutual agreement between the Company and Executive.

    


    2.           Duties
      and obligations.

    


    (a)
      Executive shall serve as Vice President of the Company. In Executive’s capacity,
      Executive shall do and perform all services, acts, or things necessary or
      advisable to manage and conduct the business of Company, including the hiring
      and firing of all employees, subject at all times to the policies set forth
      by
      the President of the Company, and to the consent of the
      President  when required by the terms of this contract, and in
      conformity with the By-laws of the Company.

    


    
      
        
        

      

      
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    (b)
      During the period of Executive’s Executive Employment, Executive shall devote
      sufficient time necessary to fulfill the duties of the offices
      held.  If elected, she shall serve as a director and/or officer of the
      Company and any of its subsidiaries and affiliates (hereinafter collectively
      referred to as “Company Subsidiaries”) and shall perform duties customarily
      incidental to such offices.

    


    (c)  During
      the term of employment, Executive shall diligently and conscientiously devote
      the necessary time, attention and effort to the tasks which the President shall
      assign to him/her.  The expenditure of time for educational,
      charitable and professional activities shall not be deemed a breach of this
      Agreement if those activities do not materially interfere with the services
      required under this Agreement and shall not require the prior written consent
      of
      the President.  If the Executive is elected or appointed as a director
      or committee member, Executive shall serve in such capacity or capacities
      without further compensation unless agreed to in writing by the parties
      hereto.  Nothing herein shall be construed, however, to require the
      Executive’s election or appointment as a director or an officer.

    


    (d)
      The
      Executive shall exert his/her best efforts and devote substantially all of
      his/her time and attention to the Company's affairs. The Executive shall be
      in
      charge of the operation of the Company, and shall have full authority and
      responsibility, subject to the general direction, approval, and control of
      the
      Company's President, for formulating policies and administering the Company
      in
      all respects.  Executive shall at all times, discharge his/her duties
      in consultation with, and under the supervision of, the Company’s
      President.  In the performance of Executive’s duties, Executive shall
      make his/her principal office in such place as the Company’s President and Chief
      Executive Officer may, from time to time, agree.

    


    (e)  Competitive
      Activities and Restrictions.

     

    (1)  During
      the term of this contract Executive shall not, directly or indirectly, either
      as
      an employee, company, consultant, agent, principal, partner, stockholder,
      corporate officer, director, or in any other individual or representative
      capacity, engage or participate in any business that is in competition in any
      manner whatsoever with the business of Company without the prior written consent
      of the Company, however, this limitation shall not extend to any business
      dealings and relationships regarding and relating to Pacel
      Corporation.

     

    (2)
      Executive agrees that during the term of this contract and for a period of
      two
      (2) years after termination of this Agreement, Executive shall not directly
      or
      indirectly solicit, hire, recruit, or encourage any other employee of Company
      to
      leave Company.

     

    (3)  Restrictive
      Covenant.  For a period of two (2) years after the termination or
      expiration of this Agreement, the Executive shall not, within a radius of fifty
      (50) miles from the present place of the Company's corporate office at the
      time
      of termination, directly or indirectly, own, manage, operate, control, be
      employed by, participate in, or be connected in any manner with the ownership,
      management, operation, or control of any business similar to the type of
      business conducted by the Company at the time this Agreement terminates. In
      the
      event of the Executive's actual or threatened breach of this paragraph, the
      Company shall be entitled to a preliminary restraining order and injunction
      restraining the Executive from violating its provisions. Nothing in this
      Agreement shall be construed to prohibit the Company from pursuing any other
      available remedies for such breach or threatened breach, including the recovery
      of damages from the Executive.

     

    
      
        
        

      

      
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    (4)  For
      a period of twenty-four (24) months after this Agreement has been terminated
      for
      any reason, regardless of whether the termination is initiated by Company or
      Executive, or for a period of time equal to the length of Executive's employment
      with Company if such tenure is less than twenty-four (24) months, Executive
      will
      not, directly or indirectly, solicit any person, company, firm, or corporation
      who is or was a customer of Company during a period of five (5) years prior
      to
      the termination of Executive's employment. Executive agrees not to solicit
      such
      customers on behalf of himself or any other person, firm, company, or
      corporation.

     

    (5)
      The
      Executive agrees that for a period of six (6) months after the termination
      of
      his/her employment with Company, regardless of whether the termination was
      initiated by Company or Executive, he will not accept employment with, or act
      as
      a consultant, contractor, advisor, or in any other capacity for, a competitor
      of
      the Company, or enter into competition with the Company, either by himself
      or
      through any entity owned or managed in whole or in part by the Executive, within
      a fifty (50) mile radius of Company's corporate office at the time termination,
      in which the Executive worked. The term '”competitor,”' as used herein, means
      any entity primarily engaged in the business of providing delivery and
      management services, or primarily engaged in any other business in which Company
      engages subsequent to the date of this Agreement.

     

    (6)
      The
      parties have attempted to limit Executive's right to compete only to the extent
      necessary to protect Company from unfair competition. The parties recognize,
      however, that reasonable people may differ in making such a determination.
      Consequently, the parties hereby agree that, if the scope or enforceability
      of
      the restrictive covenant is in any way disputed at any time, a court or other
      finder of fact may modify and enforce the covenant to the extent that it
      believes the covenant is reasonable under the circumstances existing at that
      time.

     

    (7)
      Executive further acknowledges that (i) in the event Executive’s employment with
      Company terminates for any reason, regardless of whether the termination is
      initiated by Company or Executive, Executive will be able to earn a livelihood
      without violating the foregoing restrictions; and (ii) Executive’s ability to
      earn a livelihood without violating such restrictions is a material condition
      of
      Executive’s employment with Company.

     

    (f)  Uniqueness
      of
      Executive’s Services.  Executive represents and agrees that the
      services to be performed under the terms of this contract are of a special,
      unique, unusual, extraordinary, and intellectual character that gives them
      a
      peculiar value, the loss of which cannot be reasonably or adequately compensated
      in damages in an action at law. Executive therefore expressly agrees that
      Company, in addition to any other rights or remedies that Company may possess,
      shall be entitled to injunctive and other equitable relief to prevent or remedy
      a breach of this contract by Executive.

    


    3.           Vacations
      and Personal days.  Executive shall be entitled to annual
      vacations and Personal Days off excluding company holidays, during which time
      his/her Salary and compensation shall be paid, in a manner commensurate with
      his/her status as a principal executive.

    


    
      
        
        

      

      
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    4.           Salary,
      Compensation, Incentives and Benefits.

    


    (a)
      During the period of Executive Employment, the Company shall pay to Executive
      a
      salary (“Salary”), to be fixed by the President, from time to time, during that
      period.  In no event, however, shall Executive’s Salary be less than
      the compensation presently received by Executive.  Currently and as of
      the date of this Agreement, Executive is paid an annual compensation of one
      hundred thousand dollars ($100,000) and in addition, a bonus incentive package.
      However, at the discretion of the President, the President can elect to
      compensate Executive with three times the value of any salary withheld in stock
      options or can accrue one half of the salary in the form of a note with five
      (5%) percent annual interest. The bonus incentive package will hereafter conform
      to the provisions of Paragraph 4(b) below.  Executive shall be in
      accordance with the Company’s normal payroll schedule.  In addition,
      to all other remuneration provided for in this Agreement, if Executive serves
      at
      any time as a Director, Executive shall be entitled to receive at the discretion
      of the Company, Company Subsidiaries or affiliate a Director’s fee for such
      services.  Salary and compensation payments shall be subject to
      withholding and other applicable taxes.  Annual Salary increases are
      to be based upon a percentage of the increase in annual revenues of the Company
      as further set forth hereinafter.

    


    (b)
      Bonus Incentive Package.

    


    (1)
      Executive will receive incentive compensation equal to one and one-half percent
      (1.5%) of the Company's '”income from operations,”' defined as the Company's net
      income before taxes, amortization of intangible assets and interest on long-term
      debt. Executive's incentive compensation will be calculated annually based
      on
      the Company's audited financial statements for the fiscal year, and wi1l be
      payable in lump sum on July 1 of each year. Such payments will be subject to
      normal payroll deductions for state and federal withholding and social security
      taxes. Company shall pay to Executive a bonus in an amount equal to 25% of
      Executive’s base annual salary in each of the first two (2) fiscal years that
      Company’s EBITDA is one dollar ($1.00) or greater.

     

    (c)
      Benefits

     

    (1)
      Executive may participate in all Company sponsored health, dental, 401(k) and
      any other plans offered by the Company. The Company shall pay all expenses
      related to such programs, except for any 401(k) deferrals elected by
      Executive.

     

    (2)  Profit-Sharing
      Based on
      Performance.

    


    (i)  For
      each fiscal year of
      Company in which the net profits of Company exceed Two Hundred Fifty Thousand
      ($250,000) Dollars or the net profits of Company for that fiscal year
      exceed the net profits of Company for the previous fiscal year by Fifteen (15%)
      percent, whichever is less, Company agrees to pay Executive, within three (3)
      months after the close of that fiscal year, an annual profit-sharing payment
      equal to Six and one quarter (6.25%) percent of that excess, provided, however,
      that the total amount of this payment shall not exceed One Million ($1,000,000)
      Dollars.  For purposes of this subparagraph, the “net profits” shall
      be the net profits as reflected on either the audited financials or the
      Company’s tax returns, whichever value for the net profits is less.

    


    
      
        
        

      

      
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    (ii)  If
      the employment term
      is terminated by Company for cause, Executive shall not be entitled to any
      portion of the annual profit-sharing payment for the fiscal year in which that
      termination occurs.  However, if this contract should expire or be
      terminated for reasons other than cause, Executive shall be entitled to a
      percentage of the annual profit-sharing payment equal to the percentage of
      the
      fiscal year worked.

    


    (iii)  For
      the purpose of
      determining the amount of the annual profit sharing bonus, the net profits
      of
      Company shall be determined by a certified accountant then employed by
      Company.

    


    (3)
      Stock Bonus.  For each
      fiscal year of Company in which the net profits of Company exceed Two Hundred
      Fifty Thousand ($250,000) Dollars or the net profits of Company for
      that fiscal year exceed the net profits of Company for the previous fiscal
      year
      by Fifteen (15%) percent, whichever is less the Company agrees to transfer
      to
      Executive each year during the term of Executive Employment, within one (1)
      month after the close of each fiscal year during all of which the Executive
      served as Vice President of the Company, the number of shares of Company's
      stock
      equal in value to Seventy-Five Thousand ($75,000) Dollars.  For the
      purpose of determining the number of shares to be transferred to Executive,
      the
      shares shall be valued, as of the close of each fiscal year, under one of the
      following formulas:

    


    (i)
      if
      the Company is not publicly traded then the value of each share shall be equal
      to One ($1.00) Dollar; or

    


    (ii)
      if
      the Company is publicly traded then the value of each share shall be computed
      upon an average of the previous ten (10) day closing bid price.

    


    (4)
      Stock
      Option/Stock Warrant

    


    (i)  The
      Company hereby grants Executive an option to purchase shares of the Company’s
      Common Stock in accordance with the ”Stock Option Purchase Plan” currently under
      revision by the Company.

     

    5.           Expenses.

    


    (a)  The
      Company shall reimburse Executive for any specific expenditure incurred for
      travel, lodging, entertainment and similar items upon the presentation to
      Company of an itemized account of such expenditures.  Each such
      expenditure shall be reimbursable only if it is of a nature qualifying it as
      a
      proper deduction on the federal and state income tax return of
      Company.

    


    6.           Indemnification.
      The Company shall indemnify the Executive and hold him harmless for all acts
      or
      decisions made by him in good faith while performing services for the Company
      and Company Subsidiaries and affiliates. The Company shall also use its best
      efforts to obtain coverage for him under any insurance policy now in force
      or
      hereinafter obtained during the term of this Agreement covering the other
      officers and directors of the Company and Company Subsidiaries and affiliates
      against lawsuits. The Company shall pay all expenses including attorney's fees,
      actually and necessarily incurred by the Executive in connection with the
      defense of such act, suit or proceeding, and in connection with any related
      appeal, including the cost of court settlements.

    


    
      
        
        

      

      
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    7.           Incapacity
      and Termination.

    


    (a)
“Cause”
for
      termination shall mean
      (i) Employee's conviction of a felony against Employer or (ii) acts of Employee
      which, in the unanimous judgment of the Board, constitute willful fraud on
      the
      part of Employee in connection with his/her duties under this Agreement,
      including misappropriation or embezzlement in the performance of duties as
      an
      employee of the Company, or willfully engaging in conduct materially injurious
      to the Company and in violation of the covenants contained in this
      Agreement.

    


    (b)
      Termination.  This Agreement may be terminated by the Company
      with the express approval of the President, without prior notice to Executive
      on
      account of Executive’s gross misconduct, a violation of this Agreement, habitual
      neglect of the Executive to perform his/her duties under this Agreement,
      Executive’s acts of dishonesty or other conduct which damages the reputation or
      standing of the Company, Executive’s unauthorized disclosure of confidential
      information or trade secrets, dishonesty, fraud, misrepresentation or other
      acts
      of moral turpitude as would prevent the effective performance of Executive’s
      duties and Executive’s breach of Executive’s duty of loyalty to
      Company.

    


    8.    Executive’s
      Stock
      Holdings in Company

    


    (a)  Disposition
      of Stock during Lifetime.  Except to the extent as provided for
      by Rule 144 of the Securities and Exchange Act, Executive may dispose of any
      of
      the shares of stock of the Company now or hereafter owned by him.  The
      word “dispose” as herein used shall mean to sell, assign or transfer, with or
      without consideration, encumber, pledge, hypothecate, or otherwise dispose
      of
      shares of stock in the Company.

     

    9.           Ownership
      in Company.  All ideas, inventions, trademarks, and other
      developments or improvement conceived by Executive, alone or with others, during
      the term of employment, whether or not during working hours, that are within
      the
      scope of Company's business operations, or that relate to any Company or Company
      Subsidiaries work or projects, are the exclusive property of the Company.
      Executive agrees to assist the Company and Company Subsidiaries, at the
      Company’s expense, to obtain patents on any patentable ideas, inventions,
      trademarks, and other developments, and agrees to execute all documents
      necessary to obtain the patents in the name of the Company or Company
      Subsidiaries.

     

    10.           Nondisclosure.  Executive
      shall be dealing with Company's confidential information, inventions, trade
      secrets, and processes which are Company's sole and exclusive
      property.  Executive agrees that Executive shall neither disclose to
      anyone, directly or indirectly, without the prior written consent of the
      President, Company's confidential information nor will Executive use said
      confidential information outside the scope of Executive’s employment. All
      documents that Executive prepares and all confidential information provided
      to
      Executive as a result of or related to Executive’s employment shall, at all
      times, remain the exclusive property of the Company, and will remain in
      Company's possession on its premises. Under no circumstances, may Executive
      remove any confidential information or documents from Company's
      premises.

     

    
      
        
        

      

      
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    11.           Client
      Information.  The Executive acknowledges that the list of the
      Company's Clients and Brokers, as the Company may determine from time to time,
      is a valuable, special, and unique asset of the Company's business. The
      Executive shall not, during and after the term of his/her employment, disclose
      all or any part of the Executive's customer list to any person, firm,
      corporation, association, or other entity for any reason or purpose. In the
      event of the Executive's breach or threatened breach of this paragraph, the
      Company shall be entitled to a preliminary restraining order and an injunction
      restraining and enjoining the Executive from disclosing all or any part of
      the
      Company's Client list and from rendering any services to any person, firm,
      corporation, association, or other entity to whom all or any part of such list
      has been, or is threatened to be, disclosed. In addition to or in lieu of the
      above, the Company may pursue all other remedies available to the Company for
      such breach or threatened breach, including the recovery of damages from the
      Executive.

     

    12.           Trade
      Secrets.

     

    (a)  The
      parties acknowledge
      and agree that during the term of this agreement and in the course of the
      discharge of Executive’s duties hereunder, Executive shall have access to and
      become acquainted with financial, personnel, sales, scientific, technical and
      other information regarding formulas, patterns, compilations, programs, devices,
      methods, techniques, operations, plans and processes that are owned by Company,
      actually or potentially used in the operation of Company's business, or obtained
      from third parties under an agreement of confidentiality, and that such
      information constitutes Company's '”trade secrets.”'

     

    (b)  Executive
      specifically
      agrees that Executive shall not misuse, misappropriate, or disclose in writing,
      orally or by electronic means, any trade secrets, directly or indirectly, to
      any
      other person or use them in any way, either during the term of this agreement
      or
      at any other time thereafter, except as is required in the course of Executive’s
      employment.

     

    (c)  Executive
      acknowledges
      and agrees that the sale or unauthorized use or disclosure in writing, orally
      or
      by electronic means, of any of Company's trade secrets obtained by Executive
      during the course of Executive’s employment under this agreement, including
      information concerning Company's actual or potential work, services, or
      products, the facts that any such work, services, or products are planned,
      under
      consideration, or in production, as well as any descriptions thereof, constitute
      unfair competition. Executive promises and agrees not to engage in any unfair
      competition with Company, either during the term of this Agreement or at any
      other time thereafter

     

    (d)  Executive
      further agrees
      that all files, records, documents, drawings, specifications, equipment,
      software, and similar items whether maintained in hard copy or on-line relating
      to Company's or Company Subsidiaries’ business, whether prepared by Executive or
      others, are and shall remain exclusively the property of Company and that they
      shall be removed from the premises or, if kept on-line, from the computer
      systems of Company only with the express prior written consent of the
      Company.

     

    13.           Use
      of Executive’s Name.

     

    (a)
      Company shall have the right to use
      the name of Executive as part of the trade name or trademark of Company if
      it
      should be deemed advisable to do so. Any trade name or trademark, of which
      the
      name of Executive is a part, that is adopted by Company during the employment
      of
      Executive may be used thereafter by Company for as long as Company deems
      advisable.

     

    
      
        
        

      

      
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    (b)
      Executive shall not, either during
      the term of this Agreement or at any time thereafter, use or permit the use
      of
      Executive’s name in the trade name or trademark of any other enterprise if that
      other enterprise is engaged in a business similar in any respect to that
      conducted by Company, unless that trade name or trademark clearly indicates
      that
      the other enterprise is a separate entity entirely distinct from and not to
      be
      confused with Company and unless that trade name or trademark excludes any
      words
      or symbols stating or suggesting prior or current affiliation or connection
      by
      that other enterprise or its employees with Company.

    


    14.           Non-transferability.  Neither
      Executive, Executive’s spouse, nor their estates shall have any right to
      commute, anticipate, encumber or dispose of any payment under this
      Agreement.  Such payments and accompanying rights are non-assignable
      and nontransferable, expect as otherwise specifically provided for in this
      Agreement.

    


    15.           Breach
      of the Agreement.  In the event of any claimed breach of this
      Agreement, the party claimed to have committed the breach will be entitled
      to
      written notice of the alleged breach and a period of ten (10) days in which
      to
      remedy such breach. Executive acknowledges and agrees that
      a breach of any of the covenants contained in this Agreement will result in
      irreparable and continuing harm to the Company for which there will be no
      adequate remedy at law. The Company will be entitled to preliminary and
      permanent injunctive relief to restrain Executive from violating the terms
      and
      conditions of this Agreement in addition to other available remedies, at law
      and
      in equity.

     

    (1)
      Executive acknowledges that: (i) compliance with Paragraphs 2(e) and (f) is
      necessary to protect the Company's business and good will; (ii) a breach of
      those Paragraphs will irreparably and continually damage Company; and (iii)
      an
      award of money damages will not be adequate to remedy such harm.

     

    (2)
      Consequently, Executive agrees that, in the event he breaches or threatens
      to
      breach any of these covenants, Company shall be entitled to both: (i) a
      preliminary or permanent injunction in order to prevent the continuation of
      such
      harm; and (ii) money damages, insofar as they can be determined, including,
      without limitation, all reasonable costs and attorneys' fees incurred by the
      Company in enforcing the provisions of this Agreement. Nothing in this
      Agreement, however, shall prohibit Company from also pursuing any other
      remedy.

     

     (3)
      If, during the two (2) year period referred to in Paragraph 2(e) hereof,
      Executive becomes affiliated with any business that competes with Company,
      either as a shareholder, manager, partner, creditor, employee, consultant,
      agent
      or independent contractor, or a customer or account of Company becomes a
      customer or account of the competing business with which Executive is
      affiliated, this fact shall be presumptive evidence that Executive has breached
      the terms of this Agreement, and the burden of proving otherwise shall rest
      upon
      Executive.

     

    (4)
      As
      money damages for the period of time during which Executive violates these
      covenants, Company shall be entitled to recover the full amount of any fees,
      compensation, or other remuneration earned by Executive as a result of any
      such
      breach.

     

    
      16.           Binding
        Effect.  This Agreement shall inure to the benefit of, and be
        binding upon, the Company, its successors and assigns, including without
        limitation, any person, partnership, company or corporation which may acquire
        substantially all of the Company’s assets or business or with or into which the
        Company may be liquidated, consolidated or otherwise combined.  In
        addition, this Agreement shall inure to the benefit of, and be binding upon,
        Executive, Executive’s heirs, distributes and personal
        representatives.

    

    
      
        
        

      

      
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    17.           Waiver.  The
      failure of either party to insist in any one or more instances upon performance
      of any term or condition of this Agreement shall not be construed as a waiver
      of
      future performance.  The obligations of either party with respect to
      such term, covenant or condition shall continue in full force and
      effect.

    


    18.    Notice.  Any
      notice given hereunder shall be in writing and delivered or mailed by first
      class mail and either reputable overnight delivery service or registered
      certified mail return receipt requested to the parties at the following
      addresses:

     

    
      	
              For
                the Executive

              The
                address of record

              contained
                in the payroll

              records
                of the company. 

            	
              For
                the Company

              The
                current corporate office

              address
                as reported on the

              most recent public
                filing.

            


    

     

    21.           Binding
      Effect.  This Agreement shall inure to the benefit of, and be
      binding upon, the Company, its successors and assigns, including without
      limitation, any person, partnership, company or corporation which may acquire
      substantially all of the Company’s assets or business or with or into which the
      Company may be liquidated, consolidated or otherwise combined.  In
      addition, this Agreement shall inure to the benefit of, and be binding upon,
      Executive, Executive’s heirs, distributes and personal
      representatives.

    


    22.           Waiver.  The
      failure of either party to insist in any one or more instances upon performance
      of any term or condition of this Agreement shall not be construed as a waiver
      of
      future performance.  The obligations of either party with respect to
      such term, covenant or condition shall continue in full force and
      effect.

    


    23.           Entire
      Agreement.  This Agreement supersedes all previous employment
      agreements between Executive and Company and contains the entire understanding
      and agreement between the parties with respect to its subject
      matter.  This Agreement cannot be amended, modified or supplemented in
      any respect except by a subsequent written agreement entered into by both
      Executive and Company.

    


    24.           Headings.  Headings
      in this Agreement are for convenience purposes only and shall not be used to
      interpret or construe its provisions.

    


    25.           Governing
      Law.  This Agreement shall be construed in accordance with and be
      governed by the laws of the sate of North Carolina.

    


    26.           Arbitration.  Any
      dispute or claim arising from or in any way related to this agreement shall
      be
      settled by arbitration in state of residence of the Executive. All arbitration
      shall be conducted in accordance with the rules and regulations of the American
      Arbitration Association or similar reputable arbitration service ("AAA"). AAA
      shall designate a panel of three arbitrators from an approved list of
      arbitrators following both parties' review and deletion of those arbitrators
      on
      the approved list having a conflict of interest with either party. Each party
      shall pay its own expenses associated with such arbitration.  A demand
      for arbitration shall be made within a reasonable time after the claim, dispute
      or other matter has arisen and in no event shall such demand be made after
      the
      date when institution of legal or equitable proceedings based on such claim,
      dispute or other matter in question would be barred by the applicable statutes
      of limitations.  The decision of the arbitrators shall be rendered
      within sixty (60) days of submission of any claim or dispute, shall be in
      writing and mailed to all the parties included in the
      arbitration.  The decision of the arbitrator shall be binding upon the
      parties and judgment in accordance with that decision may be entered in any
      court having jurisdiction thereof.

    


    
      
        
        

      

      
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    27.           Severability.  If
      any provision of this Agreement is held to be illegal or invalid by a court
      of
      competent jurisdiction, such provision shall be deemed to be severed and deleted
      and neither such provision, nor its severance and deletion, shall affect the
      validity of the remaining provisions.

    


    IN
      WITNESS HEREOF, the
      parties have executed this Agreement the day and year above
      written.

     

     

    
      	Executive	 	 	Company	 
	 	 	 	 	 
	
              /s/
                MICHAEL
                PETERSON

            	 	 	
              /s/
                GARY
                MUSSELMAN

            	 
	
              Michael
                Peterson 

            	 	 	
              The
                Resourcing
                Solutions Group, Inc.

            	 
	
               

            	 	 	
              By:
                Gary
                Musselman

            	 
	 	 	 	President/CEO	 




     

    


    
 

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

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