| 1.1.  | DEFINITIONS.      For purposes of this Agreement, the following words and phrases, whether      or not capitalized, shall have the meanings specified below, unless the      context plainly requires a differentmeaning. |
|------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.1   | (a)      "ACCRUED COMPENSATION" has the meaning set forth in Section 4.5 of this      Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------|

| 1.1   | (b)      "ACCRUED OBLIGATIONS" has the meaning set forth in Section 4.1 (a) of this      Agreement. |
|-----------------|-----------------------------------------------------------------------------------------------------|

| 1.1   | (c)      "ANNUAL BASE SALARY" has the meaning set forth in Section 2.4 (a) of this      Agreement. |
|-----------------|----------------------------------------------------------------------------------------------------|

| 1.1   | (d)      "BOARD" means the Board of Directors of the  Company. |
|-----------------|----------------------------------------------------------------|

| 1.1   | (e)      "CAUSE" has the meaning set forth in Section 3.3 of this      Agreement. |
|-----------------|-----------------------------------------------------------------------------------|

| 1.1   | (f)      "CHANGE IN CONTROL" means: |
|-----------------|-------------------------------------|

| (i)    | The      acquisition by any individual, entity or group, or a Person (within the      meaning on 13 (d) 3) or 14 (d) (2) of the Exchange Act) of a controlling      interest of either (a) the then outstanding common stock of the Company      (the "Outstanding Company Common Stock") or (b) the combined voting power      of the then outstanding voting securities of the Company entitled to vote      generally in the election of directors (the "Outstanding Company Voting      Securities"); or |
|-----------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii)    | Individuals      who, as of the date hereof, constitute the Board (the "Incumbent Board")      cease for any reason to constitute at least a majority of the Board;      provided, however, that any individual becoming a director subsequent to      the date hereof whose election, or nomination for election by the      Company's stockholders, was approved by a vote of at least a majority of      the directors then comprising the Incumbent Board shall be considered as      though such individual were a member of the Incumbent Board, but      excluding, as a member of the Incumbent Board, any such individual whose      initial assumption of office occurs as a result of either an actual or      threatened election contest (as such terms are used in Rule 14a-11 of      Regulation 14A promulgated under the Exchange Act) or other actual or      threatened solicitation of proxies or consents by or on behalf of a Person      other than the Board; or |
|------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii)    | Approval      by the stockholders of the Company of a reorganization, merger or      consolidation, in each case, unless, following such reorganization, merger      or consolidation, (a) more than 35% of, respectively, the then outstanding      shares of common stock of the corporation resulting from such      reorganization, merger or consolidation and the combined voting power of      the then outstanding voting securities of such corporation entitled to      vote generally in the election of directors is then beneficially owned,      directly or indirectly, by all or substantially all of the individuals and      entities who were the beneficial owners, respectively, of the Outstanding      Company Common Stock and Outstanding Company Voting Securities immediately      prior to such reorganization, merger or consolidation in substantially the      same proportions as their ownership, immediately prior to such      reorganization, merger or consolidation, of the Outstanding Company Common      Stock and Outstanding Company Voting Securities, as the case      may be, (b) no Person beneficially owns, directly or indirectly, 21% or      more of, respectively, the then outstanding shares of common stock of the      corporation resulting from such reorganization, merger or consolidation or      the combined voting power of the then outstanding voting securities of      such corporation, entitled to vote generally in the election of directors      and (c) at least a majority of the members of the board of directors of      the corporation resulting from such reorganization, merger or      consolidation were members of the Incumbent Board at the time of the      execution of the initial agreement providing for such reorganization,      merger or consolidation; or |
|-------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (iv)    | Approval      by the stockholders of the Company of (a) a complete liquidation or      dissolution of the Company or (b) the sale or other disposition of all or      substantially all of the assets of the Company, other than to a      corporation, with respect to which following such sale or other      disposition, (1) more than 35% of, respectively, the then outstanding      shares of common stock of such corporation and the combined voting power      of the then outstanding voting securities of such corporation entitled to      vote generally in the election of directors is then beneficially owned,      directly or indirectly, by all or substantially all of the individuals and      entities who were the beneficial owners, respectively, of the Outstanding      Company Common Stock and Outstanding Company Voting Securities immediately      prior to such sale or other disposition in substantially the same      proportion as their ownership, immediately prior to such sales or other      disposition, of the Outstanding Company Common Stock and Outstanding      Company Voting Securities, as the case may be, (2) no Person beneficially      owns, directly or indirectly, 21% or more of, respectively, the then      outstanding shares of common stock of such corporation and the combined      voting power of the then outstanding voting securities of such corporation      entitled to vote generally in the election of directors and (3) at least a      majority of the members of the board of directors of such corporation were      members of the Incumbent Board at the time of the execution of the initial      agreement or action of the Board providing for such sale or other      disposition of assets of theCompany. |
|------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.1        | (g)      "COMPANY" has the meaning set forth in the first paragraph of this      Agreement and, with regard to successors, in Section 6.2 of this      Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                                                              |
| 1.1   | (h)      "CODE" shall mean the Internal Revenue Code of 1986, as      amended.                                                                                    |

| 1.1   | (i)      "CURRENT TARGET BONUS" has the meaning set forth in Section 4.1 (a) of      this Agreement. |
|-----------------|------------------------------------------------------------------------------------------------------|

| 1.1   | (j)      "DATE OF TERMINATION" has the meaning set forth in Section 3.6 of this      Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------|

| 1.1   | (k)      "DISABILITY" has the meaning set forth in Section 3.2 of this      Agreement. |
|-----------------|----------------------------------------------------------------------------------------|

| 1.1   | (I)      "DISABILITY EFFECTIVE DATE" has the meaning set forth in Section 3.2 of      this Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------------|

| 1.1   | (m)      [INTENTIONALLY DELETED] |
|-----------------|----------------------------------|

| 1.1   | (n)      '·EFFECTIVE DATE" means the date of this  Agreement. |
|-----------------|--------------------------------------------------------------------|

| 1.1   | (o)      "EMPLOYMENT PERIOD" means the period beginning on the Effective Date and      ending on the later of (i) April 16, 2015, or (ii) April 1 of any      succeeding fiscal year during which notice is given by either party (as      described in Section 1.1 (dd) of this Agreement) of such party's intent      not to renew this Agreement. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.1   | (p)      "EXCHANGE ACT" means the Securities Exchange Act of 1934, as      amended. |
|-----------------|-------------------------------------------------------------------------------------|

| 1.1   | (q)      "EXCISE TAX" has the meaning set forth in Section 4.2 (e) of this      Agreement. |
|-----------------|--------------------------------------------------------------------------------------------|

| 1.1   | (r)      "GOOD REASON' has the meaning set forth in Section 3.4 of this      Agreement. |
|-----------------|-----------------------------------------------------------------------------------------|

| 1.1   | (s)      "GROSS-UP PAYMENT" has the meaning set forth in Section 4.2 (e) of this      Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------|

----

| 1.1   | (t)      "INCENTIVE BONUS" has the meaning set forth in Section 2.4 (b) of this      Agreement. |
|-----------------|-------------------------------------------------------------------------------------------------|

| 1.1   | (u)      "NOTICE OF TERMINATION" has the meaning set forth in Section 3.5 of this      Agreement. |
|-----------------|---------------------------------------------------------------------------------------------------|

| 1.1   | (v)      [INTENTIONALLY DELETED] |
|-----------------|----------------------------------|

| 1.1   | (w)      "OTHER BENEFITS" has the meaning set forth in Section 4.1 (d) of this      Agreement. |
|-----------------|------------------------------------------------------------------------------------------------|

| 1.1   | (x)      "OUTSTANDING COMPANY COMMON STOCK" has the meaning set forth in Section      1.1 (f) (i) of this Agreement. |
|-----------------|----------------------------------------------------------------------------------------------------------------------|

| 1.1        | (y)      "OUTSTANDING COMPANY VOTING SECURITIES" has the meaning set forth in      Section 1.1 (f) (i) of this Agreement. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------|
|            |                                                                                                                      |
| 1.1   | (z)      "PAYMENT" has the meaning set forth in Section 4.2 (e) of this      Agreement                                    |

| 1.1   | (aa)      "PERSON" has the meaning set forth in Sections 13 (d) and 14 (d) of the      Exchange Act. |
|-----------------|------------------------------------------------------------------------------------------------------|

| 1.1   | (bb)      [INTENTIONALLY DELETED] |
|-----------------|-----------------------------------|

| 1.1   | (cc)      "TERM" means the period that begins on the Effective Date and ends on the      earlier of (i) the Date of Termination as defined in Section 3.6 of this      Agreement, or (ii) the close of business on the later of February 1, 2003      or February 1 any renewal term as set forth in Section 2.1 of this      Agreement. |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.1   | (dd)      "TRIGGERING TRANSACTION" means a Change of Control of the      Company |
|-----------------|----------------------------------------------------------------------------------|

| 1.1   | (ee)      "TRIGGERING TRANSACTION DATE" shall mean the date of the Triggering      Transaction. |
|-----------------|-------------------------------------------------------------------------------------------------|

| 1.2.   | GENDER      AND NUMBER. When appropriate, pronouns in this Agreement used in the      masculine gender include the feminine gender, words in the singular      include the plural, and words in the plural include the      singular. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.   | HEADINGS.      All headings in this Agreement are included solely for ease of reference      and do not bear on the interpretation of the text. Accordingly, as used in      this Agreement, the terms "Article" and "Section" mean the text that      accompanies the specified Article and Section of the      Agreement. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.4.   | APPLICABLE      LAW. This Agreement shall be governed by and construed in accordance with      the laws of the State of New York without reference to its conflict of law      principles. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.1.   | PERIOD      OF EMPLOYMENT. The Executive shall remain in the employ of the Company      throughout the Term of this Agreement in accordance with the terms and      provisions of this Agreement. This Agreement will automatically renew for      two year periods unless either party gives the other written notice, by      October 30, 2014, or October 30 of any succeeding year, of such party's      intent not to renew this Agreement. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2.   | POSITIONS      AND DUTIES. |
|------------------|----------------------------|

| 2.2   | (a)      Throughout the Term of this Agreement, the Executive shall serve as a      Director of the Board and Executive Vice President, General Counsel and      Secretary of the Company, subject to reasonable directions and nominations      of the Board. The Executive shall have such authority and shall perform      such duties as are specified by, the By-laws of the Company for the office      to which he has been appointed hereunder and shall so serve, subject to      the control exercised by the Board from time to time. Additionally, each      year throughout the Term of the Executive's service as a Director, the      Executive shall be nominated to serve as member of the    Board. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2   | (b)      Throughout the Term of this Agreement (but excluding any periods of      vacation and sick leave to which the Executive is entitled), the Executive      shall devote reasonable attention and time during normal business hours to      the business and affairs of the Company and shall use his reasonable best      efforts to perform faithfully and efficiently such responsibilities as are      assigned to him under or in accordance with this Agreement; provided that,      it shall not be a violation of this paragraph for the Executive to (i)      serve on corporate, civic or charitable boards or committees, (ii) deliver      lectures or fulfill speaking engagements, or (iii) manage personal      investments, so long as such activities do not significantly interfere      with the performance of the Executive's responsibilities as an employee of      the Company in accordance with this Agreement or violate the      Company's conflict of interest policy as in effect immediately prior to      the Effective Date. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.3.                    | SITUS      OF EMPLOYMENT. Throughout the Term of this Agreement, the Executive's      services shall be performed at the location where the Executive was      employed immediately prior to the Effective Date, or any office of the      Company which is located in the greater Long Island areas. It is      understood and agreed by the Executive that the Executive will be required      at the discretion of the Board of Directors, to engage in substantial      business travel.                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4.      COMPENSATION. |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (a)       ANNUAL      BASE SALARY. For the first calendar year within the Term of this      Agreement, the Executive shall receive an annual salary ("Annual Base      Salary") of Four Hundred Thousand Dollars ($400,000) which shall be paid      in equal or substantially equal semi-monthly installments. During the Term      of this Agreement, the Annual Base Salary payable to the Executive shall      be reviewed at least annually and shall be increased at the discretion of      the Board of the Compensation Committee of the Board but shall not be      reduced.                                                                                                                                                                                                                                                                                                                                      |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (b)       INCENTIVE      BONUSES.  In addition to Annual Base Salary, the Executive shall      be awarded the opportunity to earn an incentive bonus on an annual basis      (“Incentive Bonus”) under an incentive compensation plan to be determined      by the Compensation Committee of the Board (and attached hereto as Exhibit      1).  During the Term of this Agreement, the annual Incentive      Bonus which the Executive will have the opportunity to earn shall be      reviewed at least annually and be increased at the discretion of the      Compensation Committee of the Board                                                                                                                                                                                                                                                                                      |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (c)       INCENTIVE,      SAVINGS AND RETIREMENT PLANS. Throughout the Term of this Agreement, the      Executive shall be entitled to participate in all incentive, savings and      retirement plans generally available to other peer executives of the      Company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (d)       WELFARE      BENEFIT PLANS. Throughout the Term of this Agreement (and thereafter,      subject to Sections 4.1 (c) hereof), the Executive and/or the Executive's      family, as the case may be, shall be eligible for participation in and      shall receive all benefits under welfare benefit plans, practices,      policies and programs provided by the Company (including, without      limitation, medical, prescription, dental, disability, salary continuance,      employee life, group life, accidental death and travel accident insurance      plans and programs) to the extent generally available to other peer      executives of the Company but only to the extent that such persons are      eligible for coverage under the terms of such Plan. As it affects Sections      2.4(c) and 2.4(d) above, the Company shall always have the right to alter      its benefit plan providers. |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (e)       EXPENSES.      Throughout the Term of this Agreement, the Executive shall be entitled to      receive prompt reimbursement for all reasonable expenses incurred by the      Executive in accordance with the policies, practices and procedures      generally applicable to other peer executives of the Company. The      Executive agrees to submit receipts and or vouchers in support of all      requests for reimbursement.                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (f)       FRINGE      BENEFITS. Throughout the Term of this Agreement, the Executive shall be      entitled to an automobile allowance of $9,500.00 annually and whole life      insurance of $500,000 paid by the Company. Executive agrees to be solely      responsible for any and all federal, state and local taxes owing as a      result of such term life insurance being  provided.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 2.4                     | (g)       VACATION.      Throughout the Term of this Agreement, the Executive shall be entitled to      paid vacation for four (4) weeks each  year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

| 3.1.   | DEATH.      The Executive's employment shall terminate automatically upon the      Executive's death during the EmploymentPeriod. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------|

----

| 3.2.   | DISABILITY.      If the Company determines in good faith that the Disability of the      Executive has occurred during the Employment Period (pursuant to the      definition of Disability set forth below), the Company may give to the      Executive written notice in accordance with Section 7.2 of its intention      to terminate the Executive's employment. In such event, the Executive's      employment with the Company shall terminate effective on the thirtieth      (30) day after receipt of such notice by the Executive (the "Disability      Effective Date"), provided that, within the ninetieth (90) days after such      receipt, the Executive shall not have returned to full-time performance of      the Executive's duties. For purposes of this Agreement, "Disability" shall      mean that the Executive has been unable to perform the services required      of the Executive hereunder on a full-time basis for a period of one      hundred eighty (180) consecutive business days by reason of a physical      and/or mental condition. "Disability" shall be deemed to exist when      certified by a physician paid for and selected by the Company and      acceptable to the Executive or the Executive’s legal representative (such      agreement as to acceptability not to be withheld unreasonably). The      Executive will submit to such medical or psychiatric examinations and      tests as such physician deems necessary to make any such Disability      determination. |
|------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.3.   | TERMINATION      FOR CAUSE. The Company may terminate the Executive’s employment during the      Employment Period for "Cause", which shall mean termination based upon:      (i) the Executive's willful and continued failure to substantially perform      his duties with the Company (other than as a result of incapacity due to      physical or mental condition), after a written demand for substantial      performance is delivered to the Executive by the Company, which      specifically identifies the manner in which the Executive has not      substantially performed his duties, (ii) the Executive's arrest or      indictment for any felony or any act constituting a criminal offense      involving moral turpitude, dishonesty, or breach of trust, or (iii)      the Executive's material breach of any provision of this Agreement. For      purposes of this Section, no act, or failure to act on the Executive's      part shall be considered "willful" unless done, or omitted to be done,      without good faith and without reasonable belief that the act or omission      was in the best interest of the Company. Notwithstanding the foregoing,      the Executive shall not be deemed to have been terminated for Cause unless      and until (i) he receives a Notice of Termination from the Company, (ii)      he is given the opportunity, with counsel to be heard before the Board      (except in the event he is incarcerated, in which case his appearance      shall not be necessary); and (iii) the Board finds, in its good faith      opinion, the Executive was guilty of the conduct set forth in the Notice      of Termination. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4.   | GOOD      REASON. The Executive may terminate his employment with the Company for      "Good Reason", which shall mean: |
|------------------|-------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (a)      the assignment to the Executive of any duties inconsistent in any respect      with the Executive's position (including status, offices, titles and      reporting requirements), authority, duties or responsibilities as      contemplated by Section 2.2 (a) or any other action by the Company which      results in a material diminution in such position, authority, duties or      responsibilities, excluding for this purpose any action not taken in bad      faith and which is remedied by the Company promptly after receipt of      notice thereof given by theExecutive; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (b)      (i) in the event of and after the occurrence of a Triggering Transaction,      the failure by the Company to continue in effect any benefit or      compensation plan, stock ownership plan, life insurance plan, health and      accident plan or disability plan to which the Executive is entitled as      specified in Section 2.4, (ii) the taking of any action by the Company      which would adversely affect the Executive's participation in, or      materially reduce the Executive's benefits under, any plans described in      Section 2.4, or deprive the Executive of any material fringe benefit      enjoyed by the Executive as described in Section 2.4 (f), or (iii) the      failure by the Company to provide the Executive with paid vacation to      which the Executive is entitled as described in Section 2.4      (g). |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (c)      in the event of and after the occurrence of a Triggering Transaction, the      Company's requiring the Executive to be based at any office or location      other than that described in Section2.3; |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (d)      a material breach by the Company of any provision of this Agreement; Such      breach by the Company shall require Executive to provide the Company a      written notice describing with specificity the nature of the contractual      breach and the Company shall have 30 days to cure such      breach. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (e)      any purported termination by the Company of the Executive's employment      otherwise than as expressly permitted by this Agreement;  or |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.4   | (f)      within a period ending at the close of business on the date one (1) year      after the Triggering Transaction Date of any Change in Control, if the      Company has failed to comply with and satisfy Section 6.2 on or after      suchTriggering Transaction Date. For purposes of this Section, any good      faith determination of "Good Reason" made by the Executive shall be      conclusive. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 3.5.   | NOTICE      OF TERMINATION. Any termination by the Company for Cause or Disability, or      by the Executive for Good Reason, shall be communicated by Notice of      Termination to the other party, given in accordance with Section 7.2. For      purposes of this Agreement, a "Notice of Termination" means a written      notice which (i) indicates the specific termination provision in this      Agreement relied upon, (ii) to the extent applicable, sets forth in      reasonable detail the facts and circumstances claimed to provide a basis      for termination of the Executive's employment under the provision so      indicated, and (iii)' if the Date of Termination (as defined in Section      3.6 hereof) is other than the date of' receipt of such notice, specifies      the termination date (which date shall be not more than thirty (30) days      after the giving of such notice). The failure by the Executive 6r the      Company to set forth in the Notice of Termination any fact or circumstance      which contributes to a showing of Good Reason or Cause shall not waive any      right of the Executive or the Company hereunder or preclude the Executive      or the Company from asserting such fact or circumstance in enforcing the      Executive's or the Company's rightshereunder. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.6.   | DATE      OF TERMINATION. “Date of Termination" means (i) if the Executive's      employment is terminated by the Company for Cause, or by the Executive for      Good Reason, the Date of Termination shall be the date of receipt of the      Notice of Termination or any later date specified therein, as the case may      be, (ii) if the Executive's employment is terminated by reason of death or      Disability, the Date of Termination shall be the date of death of the      Executive or the Disability Effective Date, as the case may be, or (iii)      if the Executive's employment is terminated by the Company other than for      Cause, death, or Disability, the Date of Termination shall be the date of      receipt of the Notice of Termination; provided that if within thirty (30)      days after any Notice of Termination is given, the party receiving such      Notice of Termination notifies the other party that a dispute exists      concerning the termination, the Date of Termination shall be the date on      which the dispute is finally determined, either by mutual written      agreement of the parties, or by a final judgment, order or decree of a      court of competent jurisdiction (the time for appeal therefrom having      expired and no appeal having beenperfected). |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1.   | TERMINATION      WITHOUT CAUSE OR FOR GOOD REASON NOT IN CONNECTION WITH A TRIGGERING      TRANSACTION. If, prior to a Triggering Transaction during the Employment      Period (except in the event that one of the following terminations of      employment occurs within the six-month period prior to the earlier of      (a) a Triggering Transaction or (b) the execution of a definitive      agreement or contract that eventually results in a Triggering Transaction,      which shall result in the payment of severance benefits set forth in      Section 4.2 of      this Agreement): (i) the Company shall terminate the Executive's      employment without Cause, or (ii) the Executive      shall terminate employment with the Company for Good Reason, the Executive      shall be entitled to the payment of the benefits provided below as of the      Date of Termination: |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1   | (a)      Accrued Obligations. Within thirty (30) days after the Date of      Termination, the Company shall pay to the Executive      the sum of (1) the Executive's Annual Base Salary through the Date of      Termination to the extent not previously paid, (2) the accrued benefit      payable to the Executive under any deferred compensation plan, program or      arrangement in which the Executive is a participant subject to the      computation of benefits provisions of such plan, program or arrangement,      and (3) any accrued vacation pay; in each case to the extent not      previously paid (the "Accrued Obligation"). In addition, on the date that      Incentive Bonuses are paid to other peer executives for the year in which      the Executive's employment is terminated, the Executive will be paid an      amount equal to the product of the Current Target Bonus multiplied by a      fraction, the numerator of which is the number of days during the fiscal      year for which the Incentive Bonus is paid prior to the Date of      Termination and denominator of which is 365. For purposes of this      Agreement, the term "Current Target Bonus" means the Incentive Bonus that      would have been paid to the Executive for the fiscal year in which the      termination of employment occurred, if the Executive's employment had not      been so terminated and the Executive had earned 100% of the Incentive      Bonus that he could have earned for that  year. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1   | (b)      Annual Base Salary and Target Bonus Continuation. For the remainder of the      Employment Period, the Company      shall pay to the Executive, the Executive's then-current Annual Base      Salary and Current Target Bonus as would have been paid to the Executive      had the Executive remained in the Company's employ throughout the      Employment Period; provided that in all cases the Executive shall receive,      at minimum, the then-current      Annual Base Salary and Current Target Bonus for the remainder of the      Employment Period, or for a period beginning on the Date of Termination      and ending two years thereafter, whichever is longer. The Company at any      time may elect to pay the balance of such payments then remaining in a      lump sum, in which case the total of such payments shall be discounted to      present value on the basis of the applicable Federal short-term monthly      rate as determined according to Code Section 1274 (s) for the month in      which the Executive's Date of Termination      occurred. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.1   | (c)      Medical and Health Benefit Continuation. For a period of two years      beginning on the Date of Termination, or      such longer period as any plan, program, practice or policy may provide,      but only to the extent allowable under such Plan, the Company shall      continue medical and health benefits to the Executive and/or the      Executive's family at least equal to those which would have been provided      to them in accordance with the plans, programs, practices and policies      described in Section 2.4 (d) if the Executive's employment had not been      terminated, in accordance with the plans, practices, programs or policies      of the Company as those provided generally to other peer executives and      their families; provided, however, that if the Executive becomes      re-employed with another employer and is eligible to receive medical or      health benefits under another employer-provided plan, the medical and      health benefits described herein shall be secondary to those provided      under such other plan during such applicable period of eligibility. In the      event Executive is able to obtain medical and health care coverage from a      third party for the duration of such coverage period that is at least as      good in all material respects as that described in the immediately      preceding sentence, Executive agrees to accept, in lieu of such Company      provided medical and health benefits. a lump sum cash payment in an amount      equal in value to the entire cost to Executive on an after-tax basis of      such alternate medical and health care  coverage. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.1   | (d)      Other Benefits. To the extent not previously paid or provided, the Company      shall timely payor provide to the Executive      and/or the Executive's family any other amounts or benefits required to be      paid or provided for which the Executive and/or the Executive's family is      eligible to receive pursuant to this Agreement and under any plan,      program, policy or practice or contract or agreement of the Company as      those provided generally to other peer executives and their families      ("Other Benefits"). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2.   | BENEFITS      UPON TERMINATION IN CONNECTION WITH A TRIGGERING TRANSACTION. If (a) a      Triggering Transaction occurs during the Employment Period and within four      (4) years after the Triggering Transaction Date (i) the Company shall      terminate the Executive's employment without Cause, or (ii) the Executive      shall terminate employment with the Company for Good Reason, or      alternatively, (b) if one of the above-described terminations of      employment occurs within the six-month period prior to the earlier of (i)      a Triggering Transaction or (ii) the      execution of a definitive agreement or contract that eventually results in      a Triggering Transaction, then the Executive shall become entitled to the      payment of the benefits as provided below as of either (y) the Date of      Termination, in the case where the sequence of the requisite events is as      set forth in subsection (a) above or (z) the Triggering Transaction Date,      in the case where the sequence of the requisite events occurred as set      forth in subsection (b) above (the relevant date for purposes of      entitlement to the benefits set forth in this Section 4.2 is hereinafter      referred to as the "Entitlement  Date"): |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2   | (a)      Accrued Obligations. Within thirty (30) days after the Entitlement Date,      the Company shall pay to the Executive      the Accrued Obligation. In addition, on the date that Incentive Bonuses      are paid for the year in which the Executive's employment is terminated,      the Executive will be paid an amount equal to the product of the Current      Target Bonus multiplied by a fraction, the numerator of which is the      number of days during the fiscal year for which the Incentive Bonus is      paid prior to the Date of Termination and the denominator of which is      365. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2   | (b)      Severance Amount. Within thirty (30) days after the Entitlement Date, the      Company shall pay to the Executive      as liquidated damages severance pay in a lump sum, in cash, an amount      equal to 3.99 times an amount equal to his then-current Annual Base Salary      and Current Target Bonus. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2   | (c)      Stock Options. To the extent not otherwise provided for under the terms of      the Company's stock option plans or      the Executive's Restricted Stock Plans, all stock options held by the      Executive that have not expired in accordance with their respective terms      shall vest and become fully exercisable as of the Entitlement      Date. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.2   | (d)      Other Benefits. To the extent not previously paid or provided, the Company      shall timely payor provide to the Executive      and/or the Executive's family any Other Benefits required to be paid or      provided for which the Executive      and/or the Executive's family is eligible to receive pursuant to this      Agreement and under any plan, program, policy or practice or contract or      agreement of the Company to be implemented by the Company during the term      of this Agreement, such as deferred compensation or retirement      plans. |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.2   | (e)      Excess Parachute Payment. Anything in this Agreement to the contrary      notwithstanding, in the event that it shall      be determined that any payment or distribution by the Company to or for      the benefit of Executive (whether paid or payable or distributed or      distributable pursuant to the terms of this Agreement or otherwise but      determined without regard to any additional payments required under this      Section 4.2 (e) (a "Payment") would be subject to the excise      tax imposed by Code Section 4999 (or any successor provision) or any      interest or penalties are incurred by the Executive with respect to such      excise tax (such excise tax, together with any such interest and      penalties, are hereinafter collectively referred to as the "Excise Tax"),      then the Executive shall be entitled to receive an additional payment (a      "Gross-up Payment") in an amount such that after payment by the Executive      of all taxes (including any interest or penalties imposed with respect to      such taxes), including, without limitation, any income taxes (and any      interest or penalties imposed with respect thereto) and Excise Tax imposed      upon the Gross-Up Payment, the Executive retains an amount of the Gross-Up      Payment on an after-tax basis equal to the Excise Tax imposed upon      the Payment. The Executive shall notify the Company in writing of any      claim by the Internal Revenue Service that, if successful, would require      the payment by the Company of the Gross-Up Payment. Such notification      shall be given as soon as practicable but no later than thirty (30)      business days after the Executive is informed in writing of such claim by      the Internal Revenue Service and the notification shall apprise the      Company of the nature of the claim and the date on which such claim is      required to be paid. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Executive shall not pay such claim prior to the expiration of a thirty      (30) day period following the date on which the Executive has given such      notification to the Company (or such shorter period ending on the date      that any payment of taxes with respect to such claim is required). If the      Company notifies the Executive in writing prior to the expiration of such      period that it desires to contest such claim, the Executive shall      cooperate with the Company in so contesting; provided, however, that the      Company shall bear and pay all costs and expenses, (including additional      interest and penalties) incurred in connection with such contest, on an      after-tax basis to the Executive. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.3.   | DEATH.      If the Executive's employment is terminated by reason of the Executive's      death during the employment Period (either prior or subsequent to a      Triggering Transaction), this Agreement shall terminate without further      obligations to the Executive's legal representatives under this Agreement,      other than for payment of Accrued Obligations (as defined in Section 4.1      (a» (which shall be paid to the Executive's estate or beneficiary, as      applicable, in a lump sum in cash within thirty (30) days of the Date of      Termination) and (ii) the timely payment or provision of Other Benefits      (as defined in Section 4.1 (d», including death benefits pursuant to the      terms of any plan, policy, or arrangement of the  Company. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.4.   | DISABILITY.      If the Executive's employment is terminated by reason of the Executive's      Disability during the Employment Period (either prior or subsequent to a      Triggering Transaction), this Agreement shall terminate without further      obligations to the Executive, other than for payment of Accrued      Obligations as defined in Section 4.1 (a»      which shall be paid to the Executive in a lump sum in cash within thirty      (30) days of the Date ofTermination). |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.5.   | TERMINATION      FOR CAUSE; OTHER THAN GOOD REASON. If the Executive's employment shall be      terminated for Cause during the Employment Period (either prior or      subsequent to a Triggering Transaction), this Agreement shall terminate      without further obligations to the Executive other than the obligations to      pay to the Executive his Accrued Compensation (as defined in this      Section). If the Executive terminates employment with the Company during      the Employment Period, (excluding a termination for Good Reason), this      Agreement shall terminate without further obligations to the Executive,      other than for the payment of Accrued Compensation (as defined in this      Section). In such case, all Accrued Compensation shall be paid to the      Executive in a lump sum in cash within thirty (30) days of the Date of      Termination. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | For      the purpose of this Section, the term "Accrued Compensation" means the sum      of (i) the Executive's Annual Base Salary pro-rated through the Date of      Termination to the extent not previously paid, (ii) any compensation      previously deferred by the Executive (together with any accrued interest      or earnings thereon), and (iii) any accrued vacation pay in each case to      the extent not previouslypaid. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 4.6.   | NON-EXCLUSIVITY      OF RIGHTS; SUPERSESSION OF CERTAIN BENEFITS. Except as provided in Section      4.1 (c) and in this Section 4.6, nothing in this Agreement shall prevent      or limit the Executive's continuing or future participation in any plan,      program, policy or practice provided by the Company and for which the      Executive may qualify, nor shall anything herein limit or otherwise affect      such rights as the Executive may have under any contract or agreement with      the Company. Amounts which are vested benefits of which the Executive is      otherwise entitled to receive under any plan, policy, practice or program      of, or any contract or agreement with, the Company at or subsequent to the      Date of Termination, shall be payable in accordance with such plan,      policy, practice or program or contract or agreement except as explicitly      modified by this Agreement. |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.7.   | FULL      SETTLEMENT. The Company's obligation to make the payments provided for in      this Agreement and otherwise to perform its obligations hereunder shall      not be affected by any set-off, counterclaim, recoupment, defense or other      claim, right or action which the Company may have against the Executive or      others. In no event shall the Executive be obligated to seek other      employment or take any other action by way of mitigation of the amounts      payable to the Executive under any of the provisions of this Agreement      and, except as provided in Sections 4.1 (c), such amounts shall not be      reduced whether or not the Executive obtains other employment. In the      event of and after the occurrence of a Triggering Transaction, the Company      agrees to pay promptly as incurred, to the full extent permitted by law,      all legal fees and expenses which the Executive may reasonably incur as a      result of any contest (regardless of the outcome thereof) by the Company,      the Executive or others of the validity or enforceability of, or liability      under, any provision of this Agreement or any guarantee of performance      thereof (including as a result of any contest by the Executive regarding      the amount of any payment pursuant to this Agreement), plus in each case      interest on any delayed payment at the applicable Federal rate provided      for in Code Section 7872 (f) (2)(A). |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.8.   | RESOLUTION      OF DISPUTES. If there shall be any dispute between the Company and the      Executive (i) in the event of any termination of the Executive's      employment by the Company, whether such termination was for Cause, or (ii)      in the event of any termination of employment by the Executive, whether      Good Reason existed, then, unless and until there is a final,      non-appealable judgment by a court of competent jurisdiction declaring      that such termination was for Cause or that the determination by the      Executive of the existence of Good Reason was not made in good faith, the      Company shall pay all amounts, and provide all benefits, to the Executive      and/or the Executive's family or other beneficiaries, as the case may be,      that the Company would be required to payor provide pursuant to Section      4.1 as though such termination were by the Company without Cause or by the      Executive with Good Reason; provided, however, that the Company shall not      be required to pay any disputed amounts pursuant to this Section except      upon receipt of an undertaking by or on behalf of the Executive to repay      all such amounts to which the Executive is ultimately adjudged by such      court not to be entitled |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.1.             | NON-COMPETE      AGREEMENT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 5.1         | (a)      It      is agreed that during the period beginning on the date the Term of this      Agreement expires and ending one (1) year (the "Non-Compete Term")      thereafter, the Executive shall not, without prior written approval of the      Board, become an officer, employee, agent, partner, consultant,      beneficial/owner, agent, investor, or director of any entity located      anywhere in the world which is engaged in the same business as the Company      is engaged at any time during the Non-Competition Term provided that, if      the Executive is terminated by the Company without Cause or if the      Executive terminates his employment for Good Reason, after a Triggering      Transaction, then he will not be subject to the restrictions of this      Section. |
|                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 5.1    | (b)      For      purposes of Section 5.1, a business enterprise with which the Executive      becomes associated as an officer, employee, agent, partner, consultant,      beneficial/owner, agent, investor or director shall be considered in      substantial direct competition, if such entity competes with the Company      in any business in which the Company is engaged and is within the      Company's market area as of the date that the Employment Period      expires.                                                                                                                                                                                                                                                                                                                   |
|                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 5.1    | (c)      The above constraint shall not prevent the Executive from making passive      investments, not to exceed five percent      (5%), in any publicly traded company.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| 5.1    | (d)      The Executive agrees that the foregoing restrictions, in the absence of a      Triggering Transaction are reasonable      and may not prevent the Executive from earning a livelihood and      furthermore, if any court of competent      jurisdiction deems any of the provisions of the foregoing invalid, this      Agreement shall be enforced to the full extent that such other provisions      are valid and such court may modify such restrictions to afford the      Company the maximum applicable protection permitted under the      law.                                                                                                                                                                                                                                           |
|                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

----

| 5.1         | (e)      Should Executive be adjudicated by a court of competent Jurisdiction to be      in violation of this Section 5.1 or Section 5.2 below, all amounts owed      Executive pursuant to this Agreement shall be forfeited and the Company      shall be entitled to injunctive or such other equitable relief as is      necessary to restrain Executive's breaching  conduct. |
|-----------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.2.   | CONFIDENTIAL      INFORMATION. The Executive shall hold in a fiduciary capacity for the      benefit of the Company all secret or confidential information, knowledge      or data relating to the Company or any of its affiliated companies, and      their respective businesses, which shall have been obtained by the      Executive during the Executive's employment by the Company and which shall      not be or become public knowledge (other than by acts by the Executive or      representatives of the Executive in violation of this Agreement). After      termination of the Executive's employment with the Company, the Executive      shall not, without the prior written consent of the Company, or as      may otherwise be required by law or legal process, communicate or divulge      any such information, knowledge or data to anyone other than the Company      and those designated by it (nor shall Executive use such information in      any way). |
|------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.   | SUCCESSORS      OF EXECUTIVE. This Agreement is personal to the Executive and, without the      prior written consent of the Company, the rights (but not the obligations)      shall not be assignable by the Executive otherwise than by will or the      laws of descent and distribution. This Agreement shall inure to the      benefit of and be enforceable by the Executive's legal      representatives. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.   | SUCCESSORS      OF COMPANY. The Company will require any successor (whether direct or      indirect, by purchase, merger, consolidation or otherwise) to all or      substantially all of the business and/or assets of the Company to assume      expressly and agree to perform this Agreement in the same manner and to      the same extent that the Company would be required to perform it if no      such succession had taken place. Failure of the Company to obtain such      agreement prior to the effectiveness of any such succession shall be a      breach of this Agreement and shall entitle the Executive to terminate the      Agreement at his option on or after the Triggering Transaction Date for      Good Reason. As used in this Agreement, "Company" shall mean the Company      as hereinbefore defined and any successor to its business and/or assets      which assumes and agrees to perform this Agreement by operation of law, or      otherwise. After such obligations are agreed to be assumed by such      successor, the Company shall have no further obligations thereunder or      hereunder. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.   | OTHER      AGREEMENTS. The Board may, from time to time, in the fixture, provide      other incentive programs and bonus arrangements to the Executive with      respect to the occurrence of a Triggering Event that will be in addition      to the benefits required to be paid in the designated circumstances in      connection with the occurrence of a Triggering Transaction. Such      additional incentive programs and/or bonus arrangements will affect or      abrogate the benefits to be paid under this Agreement only in the manner      and to the extent explicitly agreed to by the Executive in any such      subsequent program or arrangement. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2.   | 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 wl\en delivered or mailed by certified or registered      mail, return receipt requested, postage prepaid, addressed to the      respective addresses as set forth below; provided that all notices to the      Company shall be directed to the attention of the Chairman of the Board,      or to such other address as one party may have furnished to the other in      writing in accordance herewith, except that notice of change of address      shall be effective only uponreceipt. |
|------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 7.3.   | VALIDITY.      The invalidity or unenforceability of any provisions of this Agreement      shall not affect the validity or enforceability of any other provision of      this Agreement. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.4.   | WAIVER.      The Executive's or the Company's failure to insist upon strict compliance      with any provision hereof or any other provision of this Agreement or the      failure to assert any right the Executive or the Company may have      hereunder, including, without limitation, the right of the Executive to      terminate employment for Good Reason pursuant to Section 3.4 shall not be      deemed to be a waiver of such provision or right or any other provision or      right of this Agreement. |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| NEW CONTRACT      2010-2015 |
|-----------------------------|

| 2.4(b) | INCENTIVE      BONUSES.  In addition to Annual Base Salary, the Executive shall      be awarded the opportunity to earn an incentive bonus on an annual basis      (“Incentive Bonus”) under an incentive compensation plan to be determined      by the Compensation Committee of the Board (and attached hereto as Exhibit      1).  During the Term of this Agreement, the annual Incentive      Bonus which the Executive will have the opportunity to earn shall be      reviewed at least annually and be increased at the discretion of the      Compensation Committee of theBoard. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----