EXECUTIVE EMPLOYMENT AGREEMENT


         This EXECUTIVE EMPLOYMENT AGREEMENT ("Agreement") is made as of May 22,
2000,  between  Centennial  Technologies,  Inc.,  a  Delaware  corporation  (the
"Company"), and L. Michael Hone ("Executive").

         WHEREAS,  the  Company  desires to  continue  to employ  Executive  and
Executive  desires  to  continue  to be  employed  by the  Company  on the terms
contained herein;

         NOW, THEREFORE, in consideration of the mutual covenants and agreements
herein  contained  and other good and  valuable  consideration,  the receipt and
sufficiency of which is hereby acknowledged, the parties agree as follows:

1. TERM OF  EMPLOYMENT.  The term of this  Agreement  shall extend from the date
hereof (the "Commencement Date") until the third anniversary of the Commencement
Date; provided,  however, that the term of this Agreement shall automatically be
extended for one additional year on each anniversary  hereafter unless, not less
than 90 days prior to any such anniversary, either party shall have given notice
to the other that it does not wish to extend  this  Agreement.  The term of this
Agreement  shall be  subject to  termination  as  provided  in Section 6 and may
sometimes be referred to herein as the "Period of Employment."

2. POSITION AND DUTIES.  During the Period of Employment,  Executive shall serve
as the  President  and  Chief  Executive  Officer  and a member  of the Board of
Directors of the Company (the "Board"),  and shall have  supervision and control
over and  responsibility  for the  business and affairs of the Company and shall
have such other powers and duties as may from time to time be  prescribed by the
Board,  provided that such duties are consistent  with  Executive's  position or
other  positions that he may hold from time to time.  Executive shall devote his
full  working  time and  efforts to the  business  and  affairs of the  Company.
Notwithstanding the foregoing, Executive may serve on other boards of directors,
with the  approval of the Board,  or engage in  religious,  charitable  or other
community  activities as long as such services and  activities do not materially
interfere with Executive's  performance of his duties to the Company as provided
in this Agreement.

3.       COMPENSATION AND BENEFITS.

         (a) BASE  SALARY.  Executive's  initial  annual  base  salary  shall be
$330,000,  which shall be  effective  beginning  May 1, 2000.  Executive's  base
salary  shall be subject  to  increase  at the  discretion  of the  Compensation
Committee  of the  Board  (the  "Compensation  Committee")  based on its  annual
review.  The base  salary in effect at any given time is  referred  to herein as
"Base Salary." The Base Salary shall be payable in substantially equal bi-weekly
installments.

         (b)  BONUS.  Executive  shall be  eligible  to receive  cash  incentive
compensation  equal to up to 150% of his Base Salary  ("Bonus") as determined on
an annual basis by the Compensation Committee in its sole discretion.

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         (c) LIFE INSURANCE.  The Company shall at its expense provide Executive
with $1,000,000 of term life  insurance,  the death benefits from which shall be
payable to one or more beneficiaries designated by Executive.

         (d) AUTO  ALLOWANCE.  The  Company  shall  pay to  Executive  a monthly
automobile allowance equal to $1,000.

         (e) CLUB  MEMBERSHIP.  The  Company  shall pay all  regular and special
membership  fees  and dues  (including  any  initiation  fees)  for  Executive's
membership  in Vesper  Country  Club.  This benefit  shall be in addition to any
corporate  or  personal  membership  rights the  Company  may pay for at Andover
Country Club.

         (f) MOVING EXPENSES. The Company has requested Executive to relocate to
the  Company's  headquarters  in  Wilmington,  Massachusetts.  Accordingly,  the
Company  shall  pay  for  Executive's  moving  costs,  including  closing  costs
associated with Executive's sale of his residence in Rochester, New York and the
closing  and  brokerage  costs  associated  with  Executive's  purchase of a new
residence in the area surrounding the Company's headquarters.

         (g) TRAVEL.  In light of  Executive's  relocation at the request of the
Company,  the Company shall reimburse  Executive for reasonable  travel expenses
incurred in visiting his family.

         (h)   EXPENSES.   Executive   shall  be  entitled  to  receive   prompt
reimbursement for all reasonable expenses incurred by him in performing services
hereunder  during the Period of Employment,  in accordance with the policies and
procedures  then in  effect  and  established  by the  Company  for  its  senior
executive officers.

         (i) OTHER BENEFITS. During the Period of Employment, Executive shall be
entitled to  continue to  participate  in or receive  benefits  under all of the
Company's Employee Benefit Plans in effect on the date hereof, or under plans or
arrangements  that  provide  Executive  with  benefits  at  least  substantially
equivalent to those provided under such Employee  Benefit Plans. As used herein,
the term "Employee Benefit Plans" includes, without limitation, each savings and
profit-sharing plan; stock option plan; medical insurance plan; dental insurance
plan;  disability plan; and health and accident plan or arrangement  established
and  maintained  by the Company on the date hereof for senior  executives of the
Company.  To the extent that the scope or nature of benefits  described  in this
section is  determined  under the  policies of the Company  based in whole or in
part on the seniority or tenure of an  employee's  service,  Executive  shall be
deemed to have a tenure with the Company equal to the actual time of Executive's
service with the Company.  During the Period of Employment,  Executive  shall be
entitled to participate in or receive  benefits under any employee  benefit plan
or arrangement which may, in the future, be made available by the Company to its
executives and key management  employees,  subject to and on a basis  consistent
with  the  terms,   conditions  and  overall  administration  of  such  plan  or
arrangement.  All benefits to be received by Executive pursuant to Sections 3(c)
- (i), inclusive, under this Agreement shall be made on an after-tax basis, such
that the Company shall compensate Executive for any federal or state tax payable
with respect to such benefit as well as any such tax payable with respect to the
compensation called for by this sentence.

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         (j)  VACATIONS.  Executive  shall be  entitled to six (6) paid weeks of
vacation in each  calendar  year.  Executive  shall also be entitled to all paid
holidays given by the Company to its executives.

4.       UNAUTHORIZED DISCLOSURE.

         (a) CONFIDENTIAL INFORMATION. Executive acknowledges that in the course
of his  employment  with the Company,  he has been  allowed to become,  and will
continue  to be  allowed  to  become,  acquainted  with the  Company's  business
affairs,  information,   trade  secrets,  and  other  matters  which  are  of  a
proprietary or confidential  nature,  including but not limited to the Company's
and  its  affiliates'  operations,   business  opportunities,   price  and  cost
information,  finance,  customer  information,  business  plans,  various  sales
techniques,   manuals,  letters,  notebooks,   procedures,   reports,  products,
processes,   services,   and  other   confidential   information  and  knowledge
(collectively the "Confidential  Information")  concerning the Company's and its
affiliates'   business.   Executive   understands  and  acknowledges   that  the
Confidential  Information  is  confidential,  and he agrees not to disclose such
Confidential Information to anyone outside the Company except to the extent that
(i) Executive deems such  disclosure or use reasonably  necessary or appropriate
in  connection  with  performing  his  duties  on behalf  of the  Company;  (ii)
Executive is required by order of a court of competent jurisdiction (by subpoena
or similar  process)  to  disclose  or  discuss  any  Confidential  Information,
provided that in such case,  Executive shall promptly inform the Company of such
event,  shall  cooperate  with the Company in  attempting to obtain a protective
order  or to  otherwise  restrict  such  disclosure,  and  shall  only  disclose
Confidential Information to the minimum extent necessary to comply with any such
court order; (iii) such Confidential  Information becomes generally known to and
available  for use in the  Company's  industry,  other  than as a result  of any
action or inaction by Executive;  or (iv) such information has been published in
a form generally available to the public prior to the date Executive proposes to
disclose  or use such  information.  Executive  further  agrees that he will not
during   employment   and/or  at  any  time  thereafter  use  such  Confidential
Information in competing, directly or indirectly, with the Company. At such time
as Executive shall cease to be employed by the Company, he will immediately turn
over to the Company all Confidential  Information,  including papers, documents,
writings,  electronically stored information,  other property, and all copies of
them provided to or created by him during the course of his employment  with the
Company.

         (b)  HEIRS,  SUCCESSORS,  AND  LEGAL  REPRESENTATIVES.   The  foregoing
provisions  of  this  Section  4  shall  be  binding  upon  Executive's   heirs,
successors,  and legal  representatives.  The provisions of this Section 4 shall
survive the termination of this Agreement for any reason.


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5. COVENANT NOT TO COMPETE.  In consideration for Executive's  employment by the
Company under the terms  provided in this Agreement and as a means to aid in the
performance  and  enforcement  of the  terms of the  provisions  of  Section  4,
Executive agrees as follows:

         (a)  NONCOMPETITION.  During  the  Period  of  Employment  and  for the
Post-Termination  Period (as defined  below),  Executive  will not,  directly or
indirectly, as an owner, director, principal, agent, officer, employee, partner,
consultant, or otherwise, carry on, operate, manage, control, or become involved
in  any  manner  with  any  business,   operation,   corporation,   partnership,
association,  agency,  or other  person or entity which is engaged in a business
that is competitive in any  geographic  area with any of the Company's  products
which are produced by the Company or any affiliate of the Company as of the date
of Executive's  termination of employment with the Company;  provided,  however,
that the foregoing  shall not prohibit  Executive  from owning up to one percent
(1%) of the  outstanding  stock of any publicly  held  company.  As used herein,
"Post-Termination  Period" means the period following termination of Executive's
employment with the Company for any reason  whatsoever equal to the longer of 12
months or the period for which the  Executive is receiving any benefits from the
Company pursuant to Section 7 hereof.

         (b)  NONSOLICITATION.  During  the  Period  of  Employment  and for the
Post-Termination  Period,  Executive will not directly or indirectly  solicit or
induce any present or future  employee of the  Company or any  affiliate  of the
Company to accept  employment  with  Executive or with any business,  operation,
corporation,  partnership,  association,  agency, or other person or entity with
which  Executive may be  associated,  and Executive will not employ or cause any
business, operation,  corporation,  partnership,  association,  agency, or other
person or entity with which Executive may be associated to employ any present or
future employee of the Company without providing the Company with ten (10) days'
prior written notice of such proposed employment.

6. TERMINATION.  Executive's  employment hereunder may be terminated without any
breach of this Agreement under the following circumstances:

         (a) DEATH.  Executive's  employment  hereunder shall terminate upon his
death.

         (b)  DISABILITY.  If,  as a result  of  Executive's  incapacity  due to
physical  or mental  illness,  Executive  shall have been absent from his duties
hereunder on a full-time basis for one hundred eighty (180) calendar days in the
aggregate in any twelve (12) month period, the Company may terminate Executive's
employment hereunder.

         (c)  TERMINATION BY COMPANY FOR CAUSE. At any time during the Period of
Employment, the Company may terminate Executive's employment hereunder for Cause
if such  termination  is approved by a majority of the Board at a meeting of the
Board called and held for such purpose.  Executive  shall be given notice of any
such meeting of the Board and shall be afforded the  opportunity to make an oral
presentation  and provide written  materials to the Board.  For purposes of this
Agreement,  "Cause" shall mean: (A) conduct by Executive constituting a material
act of willful  misconduct in  connection  with the  performance  of his duties,
including,  without  limitation,  misappropriation  of funds or  property of the
Company or any of its  affiliates  other than the  occasional,  customary and de

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minimis use of Company  property  for personal  purposes;  (B) criminal or civil
conviction  of Executive,  a plea of nolo  contendere by Executive or conduct by
Executive that would  reasonably be expected to result in material injury to the
reputation  of the Company if he were retained in his position with the Company,
including, without limitation, conviction of a felony involving moral turpitude;
(C) continued, willful and deliberate non-performance by Executive of his duties
hereunder  (other  than by reason of  Executive's  physical  or mental  illness,
incapacity  or  disability)  which has  continued for more than thirty (30) days
following written notice of such non-performance from the Board; (D) a breach by
Executive  of  any  of the  provisions  contained  in  Sections  4 or 5 of  this
Agreement;  or (E) a violation by Executive of the Company's employment policies
which has continued following written notice of such violation from the Board.

         (d)  TERMINATION  WITHOUT  CAUSE.  At any time  during  the  Period  of
Employment,  the Company may terminate Executive's  employment hereunder without
Cause if such termination is approved by a majority of the Board at a meeting of
the Board called and held for such purpose.  Any  termination  by the Company of
Executive's  employment  under  this  Agreement  which  does  not  constitute  a
termination  for Cause under Section 6(c) or result from the death or disability
of the Executive under Section 6(a) or (b) shall be deemed a termination without
Cause. If the Company  provides notice to Executive under Section 1 that it does
not wish to extend the Period of  Employment,  such action shall not be deemed a
termination without Cause.

         (e)  TERMINATION  BY  EXECUTIVE.  At any  time  during  the  Period  of
Employment,  Executive may terminate  his  employment  hereunder for any reason,
including but not limited to Good Reason.  If Executive  provides  notice to the
Company  under  Section  1 that he  does  not  wish  to  extend  the  Period  of
Employment,  such  action  shall  not  be  deemed  a  voluntary  termination  by
Executive.  For  purposes  of this  Agreement,  "Good  Reason"  shall  mean that
Executive  has complied  with the "Good Reason  Process"  (hereinafter  defined)
following  the  occurrence  of any of the  following  events:  (A) a substantial
diminution or other substantive  adverse change,  not consented to by Executive,
in the nature or scope of  Executive's  responsibilities,  authorities,  powers,
functions  or  duties;  (B)  removal of  Executive  from his  position  as Chief
Executive  Officer of the Company;  (C) an involuntary  reduction in Executive's
Base Salary except for  across-the-board  reductions  similarly affecting all or
substantially all senior executives of the Company;  (D) a breach by the Company
of any of its other material obligations under this Agreement and the failure of
the Company to cure such breach  within  thirty (30) days after  written  notice
thereof by Executive; (E) the involuntary relocation of the Company's offices at
which Executive is principally employed to a location more than fifty (50) miles
from such offices,  or the  requirement  by the Company that  Executive be based
anywhere  other than such  offices on an  extended  basis,  except for  required
travel on the  Company's  business to an extent  substantially  consistent  with
Executive's  business travel  obligations;  or (F) the failure of the Company to
obtain the  agreement  from any  successor to the Company to assume and agree to
perform this  Agreement as required by Section 9. "Good  Reason  Process"  shall
mean that (i) Executive reasonably determines in good faith that a "Good Reason"
event has  occurred;  (ii)  Executive  notifies  the  Company  in writing of the
occurrence of the Good Reason event;  (iii)  Executive  cooperates in good faith
with  the  Company's  efforts,  for a period  not less  than  ninety  (90)  days
following such notice, to modify  Executive's  employment  situation in a manner
acceptable to Executive and Company;  and (iv) notwithstanding such efforts, one
or more of the Good Reason  events  continues to exist and has not been modified
in a manner acceptable to Executive.  If the Company cures the Good Reason event
in a manner  acceptable  to  Executive  during the ninety (90) day period,  Good
Reason shall be deemed not to have occurred.

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         (f) NOTICE OF  TERMINATION.  Except for  termination  as  specified  in
Section 6(a), any  termination  of Executive's  employment by the Company or any
such  termination  by  Executive  shall be  communicated  by  written  Notice of
Termination to the other party hereto. For purposes of this Agreement, a "Notice
of  Termination"   shall  mean  a  notice  which  shall  indicate  the  specific
termination provision in this Agreement relied upon.

         (g) DATE OF  TERMINATION.  "Date of  Termination"  shall  mean:  (A) if
Executive's employment is terminated by his death, the date of his death; (B) if
Executive's employment is terminated on account of disability under Section 6(b)
or by the Company  for Cause under  Section  6(c),  the date on which  Notice of
Termination  is given;  and (C) if  Executive's  employment is terminated by the
Company under  Section 6(d), or terminated by the Executive  under Section 6(e),
thirty (30) days after the date on which a Notice of Termination is given.

7.       COMPENSATION UPON TERMINATION OR DURING DISABILITY.

         (a) DEATH OF EXECUTIVE.  If Executive's employment terminates by reason
of his death, the Company shall, within ninety (90) days of death, pay in a lump
sum amount to such person as Executive shall have most recently  designated in a
notice  filed  with  the  Company  or,  if no  such  person  is  designated,  to
Executive's  estate,  Executive's  unpaid  Base  Salary  and Pro Rata  Bonus (as
defined  in  Section  7(f)  below) to the date of his  death.  Upon the death of
Executive,  all unvested  stock options shall  immediately  vest in  Executive's
estate or other legal  representatives and become  exercisable,  and Executive's
estate or other legal  representatives  shall have the remaining  option term to
exercise all stock options  granted to  Executive.  For a period of one (1) year
following the Date of Termination,  the Company shall pay such health  insurance
premiums as may be  necessary  to allow  Executive's  spouse and  dependents  to
receive  health  insurance  coverage  substantially  similar  to  coverage  they
received  prior to the Date of  Termination.  Such  payments,  in the aggregate,
shall fully discharge the Company's obligations hereunder.

         (b) DISABILITY OF EXECUTIVE.  During any period that Executive fails to
perform his duties hereunder as a result of incapacity due to physical or mental
illness,  Executive shall continue to receive his Base Salary and Pro Rata Bonus
until Executive's  employment is terminated due to disability in accordance with
Section 6(b) or until  Executive  terminates his  employment in accordance  with
Section 6(e), whichever first occurs. Following such termination,  Executive may
receive  benefits under the Company's  long-term  disability plan subject to the
terms and conditions thereof.  Upon the Date of Termination,  all unvested stock
options shall  immediately vest and become  exercisable and Executive shall have
the remaining  option term to exercise all stock  options  granted to Executive.
For a period of one (1) year  following  the Date of  Termination,  the  Company
shall pay such health insurance  premiums as may be necessary to allow Executive
and  Executive's  spouse and  dependents to receive  health  insurance  coverage
substantially   similar  to  coverage  they  received   prior  to  the  Date  of
Termination.

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         (c) TERMINATION BY EXECUTIVE.  If Executive's  employment is terminated
by Executive  other than for Good Reason as provided in Section  6(e),  then the
Company shall,  through the Date of  Termination,  pay Executive his unpaid Base
Salary  at the rate in  effect  at the time  Notice  of  Termination  is  given.
Thereafter, the Company shall have no further obligations to Executive except as
otherwise expressly provided under this Agreement, provided any such termination
shall  not  adversely  affect or alter  Executive's  rights  under any  employee
benefit plan of the Company in which Executive, at the Date of Termination,  has
a vested interest,  unless  otherwise  provided in such employee benefit plan or
any agreement or other instrument attendant thereto. In addition, all vested but
unexercised  stock options held by Executive as of the Date of Termination  must
be  exercised  by  Executive  within  three  (3)  months  following  the Date of
Termination or by the end of the option term, if earlier.

         (d) TERMINATION  WITHOUT CAUSE. If Executive  terminates his employment
for Good Reason as  provided in Section  6(e) or if  Executive's  employment  is
terminated by the Company  without  Cause as provided in Section 6(d),  then the
Company shall,  through the Date of  Termination,  pay Executive his unpaid Base
Salary and Pro Rata Bonus.  In  addition,  subject to signing by  Executive of a
general release of claims in a form and manner satisfactory to the Company,

                  (i)  the  Company   shall   continue  to  pay   Executive  all
         compensation  benefits set forth in Section 3 hereof for the  remaining
         term of this Agreement, as such term may theretofore have been extended
         in accordance with Section 1 hereof.  The amount of Base Salary payable
         pursuant to this Section  7(d)(i)  shall be based on the rate in effect
         at the time the applicable  Notice of Termination is given.  The amount
         of Bonus payable pursuant to this Section 7(d)(i) shall be based on the
         amount  of the  Bonus  paid  to  Executive  for  the  year  immediately
         preceding the year in which Executive's  employment with the Company is
         terminated; and

                  (ii) upon the Date of Termination,  all unvested stock options
         shall immediately vest and become  exercisable and Executive shall have
         the remaining  option term to exercise all stock options granted to the
         Executive.

         (e) TERMINATION  FOR CAUSE. If Executive's  employment is terminated by
the  Company  for Cause as provided  in Section  6(c),  then the Company  shall,
through  the  Date  of  Termination,  pay  Executive  his  unpaid  Base  Salary.
Thereafter, the Company shall have no further obligations to Executive except as
otherwise expressly provided under this Agreement, provided any such termination
shall  not  adversely  affect or alter  Executive's  rights  under any  employee
benefit plan of the Company in which Executive, at the Date of Termination,  has
a vested interest,  unless  otherwise  provided in such employee benefit plan or
any agreement or other instrument  attendant thereto. In addition,  all unvested
stock options held by Executive as of the Date of Termination  shall immediately
terminate  and be of no further  force and effect.  In addition,  all vested but
unexercised  stock options held by Executive as of the Date of Termination  must
be  exercised  by  Executive  within  three  (3)  months  following  the Date of
Termination or by the end of the option term, if earlier.

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         (f) PRO RATA BONUS. In determining  Executive's Pro Rata Bonus pursuant
to Sections 7(a) or 7(d) hereof, the amount shall be equal to the product of (i)
a fraction,  the  numerator  of which is the number of days  elapsed in the year
Executive's  employment  with the Company is terminated  and the  denominator is
365,  multiplied  by (ii) the Bonus paid to  Executive  with respect to the year
immediately preceding the year in which Executive's  employment with the Company
is terminated.

         (g)  CONSTRUCTION.  Executive's  rights  under  this  Agreement  are in
addition to, and nothing  herein shall be construed so as to modify,  replace or
otherwise  affect  Executive's  rights or the Company's  obligations  under, the
Executive  Retention Agreement dated as of February 26, 1999 between the Company
and Executive.

8. NOTICE. For purposes of this Agreement,  notices and all other communications
provided  for in the  Agreement  shall be in writing and shall be deemed to have
been duly given when delivered or mailed by United States certified mail, return
receipt requested, postage prepaid, addressed as follows:

         if to the Executive:

                  At his home address as shown
                  in the Company's personnel records;

         if to the Company:

                  Centennial Technologies
                  7 Lopez Road
                  Wilmington, MA 01887
                  Attention:  Board of Directors

or to such other  address  as either  party may have  furnished  to the other in
writing in accordance  herewith,  except that notices of change of address shall
be effective only upon receipt.

9. SUCCESSOR TO COMPANY. The Company shall require any successor (whether direct
or  indirect,  by  purchase,  merger,  consolidation  or  otherwise)  to  all or
substantially  all of the business or assets of the Company  expressly to assume
and agree to perform this Agreement to the same extent that the Company would be
required to perform it if no succession had taken place.  Failure of the Company
to obtain an assumption of this  Agreement at or prior to the  effectiveness  of
any  succession  shall be a breach of this Agreement and shall  constitute  Good
Reason if the Executive elects to terminate employment.

10. VALIDITY.  The invalidity or unenforceability of any provision or provisions
of this Agreement shall not affect the validity or  enforceability  of any other
provision of this  Agreement,  which shall remain in full force and effect.  The
invalid portion of this Agreement, if any, shall be modified by any court having
jurisdiction to the extent necessary to render such portion enforceable.

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11. COUNTERPARTS.  This Agreement may be executed in several counterparts,  each
of which  shall be  deemed  to be an  original  but all of which  together  will
constitute one and the same instrument.

12.  ARBITRATION;  OTHER  DISPUTES.  In the event of any dispute or  controversy
arising  under or in  connection  with this  Agreement,  the parties shall first
promptly  try in good faith to settle such dispute or  controversy  by mediation
under  the  applicable  rules of the  American  Arbitration  Association  before
resorting  to  arbitration.  In the event such  dispute or  controversy  remains
unresolved in whole or in part for a period of thirty (30) days after it arises,
the parties will settle any  remaining  dispute or  controversy  exclusively  by
arbitration  in  Boston,  Massachusetts,  in  accordance  with the  rules of the
American Arbitration  Association then in effect. Judgment may be entered on the
arbitrator's award in any court having jurisdiction.  Notwithstanding the above,
the Company shall be entitled to seek a  restraining  order or injunction in any
court of competent  jurisdiction to prevent any continuation of any violation of
Section 4 or 5 hereof. In addition,  in the event Executive  violates any of the
provisions  of  Section 5, then in  addition  to all other  rights and  remedies
available  to the  Company at law or in equity,  the  duration  of the  covenant
contained  in Section 5 shall  automatically  be extended for the period of time
from which  Executive  began such  violation  until he  permanently  ceases such
violation.  Furthermore, should a dispute occur concerning Executive's mental or
physical  capacity as described  in Section  6(b) or 7(b), a doctor  selected by
Executive  and a doctor  selected  by the  Company  shall be entitled to examine
Executive.  If the  opinion  of the  Company's  doctor  and  Executive's  doctor
conflict,  the Company's doctor and Executive's doctor shall together agree upon
a third doctor, whose opinion shall be binding.

13. THIRD-PARTY AGREEMENTS AND RIGHTS.  Executive represents to the Company that
Executive's execution of this Agreement, Executive's employment with the Company
and the  performance  of  Executive's  proposed  duties for the Company will not
violate any obligations  Executive may have to any employer or other party,  and
Executive  will not bring to the  premises  of the  Company  any copies or other
tangible embodiments of non-public information belonging to or obtained from any
such previous employment or other party.



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14.  LITIGATION  AND  REGULATORY  COOPERATION.   During  and  after  Executive's
employment, Executive shall reasonably cooperate with the Company in the defense
or prosecution of any claims or actions now in existence or which may be brought
in the future  against  or on behalf of the  Company  which  relate to events or
occurrences  that  transpired  while  Executive  was  employed  by the  Company;
provided,  however,  that such  cooperation  shall not  materially and adversely
affect  Executive or expose  Executive to an increased  probability  of civil or
criminal litigation.  Executive's  cooperation in connection with such claims or
actions  shall  include,  but not be limited to,  being  available  to meet with
counsel to prepare for  discovery  or trial and to act as a witness on behalf of
the  Company  at  mutually   convenient  times.  During  and  after  Executive's
employment,  Executive also shall cooperate fully with the Company in connection
with any  investigation  or review  of any  federal,  state or local  regulatory
authority as any such  investigation  or review relates to events or occurrences
that transpired  while Executive was employed by the Company.  The Company shall
also provide Executive with compensation on an hourly basis (to be derived based
on his  Base  Salary  in  effect  at the  Date  of  Termination)  for  requested
litigation  and  regulatory  cooperation  that occurs after his  termination  of
employment,  and  reimburse  Executive  for all costs and  expenses  incurred in
connection  with his  performance  under this  Section  14,  including,  but not
limited to, reasonable attorneys' fees and costs.

15. MISCELLANEOUS.  No provisions of this Agreement may be modified,  waived, or
discharged  unless  such  waiver,  modification,  or  discharge  is agreed to in
writing  and  signed by  Executive  and such  officer  of the  Company as may be
specifically  designated  by the Board.  No waiver by either party hereto of any
condition  or  provision  of this  Agreement to be performed by such other party
shall be deemed a waiver of similar or  dissimilar  provisions  or conditions at
the same or at any prior or subsequent  time. No agreements or  representations,
oral or otherwise,  express or implied,  unless specifically referred to herein,
with respect to the subject  matter  hereof have been made by either party which
are not set forth expressly in this Agreement. Any references herein to any year
shall  mean  the  fiscal  year of the  Company.  The  validity,  interpretation,
construction, and performance of this Agreement shall be governed by the laws of
the Commonwealth of Massachusetts  (without regard to principles of conflicts of
laws).


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<PAGE>

         IN WITNESS WHEREOF,  the parties have executed this Agreement effective
on the date and year first above written.


                                          CENTENNIAL TECHNOLOGIES, INC.


                                          By:
                                             -----------------------------------
                                                 Steven M. DePerrior,
                                                 Compensation Committee Chairman


                                          EXECUTIVE



                                          --------------------------------------
                                          L. Michael Hone



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