Document:

FORM
      OF PLEDGE AND ESCROW AGREEMENT

    

    THIS
      PLEDGE AND ESCROW AGREEMENT (as amended or otherwise modified from time to
      time,
      this “Agreement”)
      is
      dated as of [·],
      2007
      by and between [PLEDGOR] (herein, the “Pledgor”),
      [LENDER] (the “Lender”)
      and
      ___________, as escrow agent (the “Escrow
      Agent”)..

    

    WITNESSETH

    

    WHEREAS,
      pursuant to that certain promissory note, dated [·],
      2007
      (the “Promissory
      Note”)
      among
      the Lender and Pledgor, the Lender has agreed, subject to the satisfaction
      of
      certain conditions precedent, to make a loan (the “Loan”)
      to the
      Pledgor; and

    

    WHEREAS,
      it is a condition precedent to the availability of such Loan under the
      Promissory Note that the Pledgor shall have made the pledges and granted the
      security interests contemplated by this Agreement in order to secure the payment
      by the Pledgor of principal with respect to the Loan made pursuant to the
      Promissory Note (the “Obligations”);

    

    NOW,
      THEREFORE, in consideration of the foregoing, and in order to induce Lender
      to
      make the Loan, the Pledgor hereby agrees with the Lender, for its benefit and
      the benefit of Lender, as follows:

    

    1. Definitions.
      Capitalized terms defined in the Promissory Note and not otherwise defined
      herein shall have the respective meanings provided for in the Promissory Note.
      

    

    2. Pledge.
      To
      secure the Pledgor’s Obligations, the Pledgor hereby pledges to and assigns to
      the Lender, and grants to the Lender a first priority continuing security
      interest in, any and all right, title and interest in and to the following
      (the
“Pledged
      Collateral”):

    

    (a) ___________
      founder warrants (as defined in the Registration Statement) purchased by Pledgor
      in connection with the Registration Statement; and

    

    (b) any
      proceeds from the above.

    

    Simultaneously
      with the execution of the Promissory Note, the Pledgor shall deliver to the
      Escrow Agent the certificates representing the Pledged Collateral, together
      with
      duly executed stock powers or other appropriate transfer documents and executed
      in blank by the Pledgor (the “Transfer
      Documents”),
      and
      such certificates and Transfer Documents shall be held by the Escrow Agent
      until
      the full payment of all Obligations due to the Lender. 

    

    3. UCC
      Financing Statements.
      The
      Pledgor hereby authorizes the Lender to file one or more UCC financing or
      continuation statements, and amendments thereto (or similar documents required
      by any laws of any applicable jurisdiction), relating to all or any part of
      the
      Pledged Collateral without the signature of the Pledgor (to the extent such
      signature is required under the laws of any applicable
      jurisdiction).

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    4. Representations
      and Warranties.
      The
      Pledgor represents and warrants as follows:

    

    (a) The
      delivery of this Pledge Agreement, together with the filing in the appropriate
      filing office of a UCC financing statement describing the same as collateral,
      is
      effective to create a valid and perfected first priority security interest
      in
      the Pledged Collateral, free of any adverse claim, securing the payment of
      the
      Obligations.

    

    (b) This
      Agreement constitutes a valid and binding obligation of the Pledgor, enforceable
      against the Pledgor in accordance with its terms, except as enforcement may
      be
      limited by bankruptcy, insolvency, or similar laws relating to the enforcement
      of creditors’ rights generally and by general equitable principles.

    

    (c) Pledgor
      is, and at the time when pledged hereunder will be, the legal, beneficial and
      record owner of, and has (and will have) good and valid title to, all Pledged
      Collateral pledged hereunder, subject to no pledge, lien, mortgage,
      hypothecation, security interest, charge, option or other encumbrance
      whatsoever.

    

    (d) Pledgor
      has full power, authority and legal right to pledge all the Pledged Collateral
      pledged pursuant to this Agreement.

    

    (e) all
      the
      Pledged Collateral have been duly and validly issued and are fully paid and
      are
      not subject to options to purchase or similar rights.

    

    (f)
      All
      representations and warranties of the Pledgor contained in this Agreement shall
      survive the execution and delivery of this Agreement.

    

    5. Covenants;
      Further Assurances.

    

    (a) The
      Pledgor shall, from time to time promptly execute and deliver all further
      instruments, documents and notices and take all further action that may be
      necessary or desirable, or that the Lender, jointly or severally, may request,
      in order to create, perfect and protect any security interest granted or
      purported to be granted by this Agreement or to enable the Lender, jointly
      or
      severally, to exercise and enforce their rights and remedies
      hereunder.

    

    (b) Except
      as
      otherwise permitted herein or by the Promissory Note, the Pledgor shall not
      (i) sell, assign (by operation of law or otherwise) or otherwise dispose
      of, or grant any option or similar right with respect to, any of the Pledged
      Collateral; or (ii) create or suffer to exist any Lien upon or with respect
      to any of the Pledged Collateral except for the Lien in favor of the Lender
      securing the Obligations. In addition, the Pledgor shall not use or permit
      the
      use of any Pledged Collateral in violation of any provision of applicable law
      and shall not do anything to impair the rights of the Lender in any of the
      Pledged Collateral.

    

    6. Remedial
      Provisions.
      Upon
      the occurrence and during the continuance of any breach by Pledgor of the
      Promissory Note, the Lender and its attorneys may exercise in respect of the
      Pledged Collateral, in addition to other rights and remedies provided for herein
      or otherwise available to it, all the rights and remedies of a secured party
      under the UCC (whether or not the UCC applies to the affected Pledged
      Collateral), and the Lender may also, without demand, advertisement or notice
      of
      any kind (other than the notice specified below relating to a public or private
      sale), sell the Pledged Collateral or any part thereof in one or more portions
      at one or more public or private sales or dispositions, at any exchange,
      broker’s board or at any of the Lender’ offices (or those of the Lender’
attorneys) or elsewhere, for cash, on credit, or for future delivery, at such
      price or prices and upon such other terms as the Lender deems advisable.
      Notwithstanding, such
      pledged founder warrants, if transferred to Lender to fulfill the
      Obligations, may not be sold, transferred, assigned, pledged or hypothecated,
      or
      be the subject of any hedging, short sale, derivative, put or call transaction
      that would result in the effective economic disposition of the securities by
      any
      person, for a period of 18 months following the effective date of the
      Registration Statement, except to any underwriter and selected dealer
      participating in the offering and their bona fide officers or partners.
The Lender shall provide Pledgor reasonable notification of such sale;
      provided,
      that in
      no event shall the notification given to the Pledgor be less than ten (10)
      Business Days. 

    

    
      
        
        

      

      
        -2-

        
          

        

      

      
        
        

      

    

    7. Application
      of Proceeds.
      Upon
      the occurrence and during the continuance of any failure to comply with the
      Promissory Note and for so long as such non-compliance is then continuing,
      the
      proceeds of any sale or disposition of, or other realization upon, all or any
      part of the Pledged Collateral shall be applied in a manner consistent with
      the
      provisions of the Promissory Note. Any excess balance remaining shall be
      delivered to the Pledgor. The Lender will have no other recourse against the
      Pledgor for any deficiency remaining unpaid after the foregoing
      application.

    

    8. Termination
      of Lien; Release of Pledged Collateral.
      The
      Lender agrees that upon payment in full of all Obligations or the waiver and
      release by Lender of all Obligations, the parties hereto shall notify the Escrow
      Agent to such effect in writing and the Lien provided for hereunder shall
      terminate and all rights to the Pledged Collateral shall revert to the Pledgor.
      Promptly upon receipt of such written notice, the Escrow Agent shall return
      to
      the Pledgor the Transfer Documents and the certificates representing the Pledged
      Collateral, whereupon any and all rights of Lender in the Pledged Collateral
      shall be terminated. The Lender further agrees that upon such termination,
      the
      Lender shall execute and deliver to the Pledgor such documents as the Pledgor
      shall reasonably request to evidence such termination.

    

    9. Concerning
      the Escrow Agent.

    

    (a) The
      Escrow Agent undertakes to perform only such duties as are expressly set forth
      herein and no implied duties or obligations shall be read into this Agreement
      against the Escrow Agent.

    

    (b) The
      Escrow Agent may act in reliance upon any writing or instrument or signature
      which it, in good faith, believes to be genuine, may assume the validity and
      accuracy of any statement or assertion contained in such a writing or
      instrument, and may assume that any person purporting to give any writing,
      notice, advice or instructions in connection with the provisions hereof has
      been
      duly authorized to do so. The Escrow Agent shall not be liable in any manner
      for
      the sufficiency or correctness as to form, manner, and execution, or validity
      of
      any instrument deposited in this escrow, nor as to the identity, authority,
      or
      right of any person executing the same; and its duties hereunder shall be
      limited to the safekeeping of such certificates, monies, instruments, or other
      document received by it as such escrow holder, and for the disposition of the
      same in accordance with the written instruments accepted by it in the
      escrow.

    

    
      
        
        

      

      
        -3-

        
          

        

      

      
        
        

      

    

    (c) Lender
      and the Pledgor hereby agree, to defend and indemnify the Escrow Agent and
      hold
      it harmless from any and all claims, liabilities, losses, actions, suits, or
      proceedings at law or in equity, or any other expenses, fees, or charges of
      any
      character or nature which it may incur or with which it may be threatened by
      reason of its acting as Escrow Agent under this Agreement; and in connection

      therewith, to indemnify the Escrow Agent against any and all expenses, including
      attorneys’ fees and costs of defending any action, suit, or proceeding or
      resisting any claim (and any costs incurred by the Escrow Agent pursuant to
      Section 9(e) hereof). The Escrow Agent shall be vested with a lien on all
      property deposited hereunder, for indemnification of attorneys’ fees and court
      costs regarding any suit, proceeding or otherwise, or any other expenses, fees,
      or charges of any character or nature, which may be incurred by the Escrow
      Agent
      by reason of disputes arising between the makers of this escrow as to the
      correct interpretation of this Agreement and instructions given to the Escrow
      Agent hereunder, or otherwise, with the right of the Escrow Agent, regardless
      of
      the instructions aforesaid, to hold said property until and unless said
      additional expenses, fees, and charges shall be fully paid. Any fees and costs
      charged by the Escrow Agent for serving hereunder shall be shared by the Pledgor
      and the Lender.

    

    (d) The
      Escrow Agent may consult with counsel of its own choice (and the costs of such
      counsel shall be paid by the Pledgor and Lender) and shall have full and
      complete authorization and protection for any action taken or suffered by it
      hereunder in good faith and in accordance with the opinion of such counsel.
      The
      Escrow Agent shall not be liable for any mistakes of fact or error of judgment,
      or for any actions or omissions of any kind, unless caused by its willful
      misconduct or gross negligence.

    

    (e) The
      Escrow Agent may resign upon ten (10) days’ written notice to the parties in
      this Agreement. If a successor Escrow Agent is not appointed within this ten
      (10) day period, the Escrow Agent may petition a court of competent jurisdiction
      to name a successor.

    

    

    10. Changes
      in Writing.
      No
      amendment, modification, termination or waiver of any provision of this
      Agreement shall be effective unless the same shall be in writing and signed
      by
      the Lender.

    

    11. Notices.
      All
      notices, approvals, requests, demands and other communications hereunder shall
      be given in accordance with the notice provision of the Promissory
      Note.

    

    12. GOVERNING
      LAW; SUBMISSION TO JURISDICTION.
      THIS
      AGREEMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN
      ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS
      OF LAWS PRINCIPLES. EACH OF THE PLEDGOR AND THE LENDER HEREBY CONSENT TO THE
      JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE CITY AND STATE
      OF
      NEW YORK AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS ARISING OUT
      OF
      OR RELATING TO THIS AGREEMENT SHALL BE LITIGATED IN SUCH COURTS. EACH OF THE
      PLEDGOR AND THE LENDER HEREBY EXPRESSLY SUBMITS AND CONSENTS TO THE JURISDICTION
      OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS. EACH
      OF
      THE PLEDGOR AND THE LENDER HEREBY WAIVES PERSONAL SERVICE OF ANY AND ALL PROCESS
      AND AGREES THAT ALL SUCH SERVICE OF PROCESS MAY BE MADE UPON THE OTHER PARTY
      BY
      CERTIFIED OR REGISTERED MAIL, RETURN RECEIPT REQUESTED, ADDRESSED TO THE OTHER
      PARTY IN ACCORDANCE WITH THE PROVISIONS OF THE PROMISSORY NOTE AND SERVICE
      SO
      MADE SHALL BE DEEMED TO BE COMPLETE TEN (10) DAYS AFTER THE SAME HAS BEEN
      POSTED.

    

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

    

    13. Counterparts;
      Integration.
      This
      Agreement may be signed in any number of counterparts, each of which shall
      be an
      original, with the same effect as if the signatures thereto and hereto were
      upon
      the same instrument. This Agreement constitutes the entire agreement and
      understanding among the parties hereto and supersedes any and all prior
      agreements and understandings, oral or written, relating to the subject matter
      hereof.

    

    14. Headings.
      Headings and captions used in this Agreement are included for convenience of
      reference and shall not be given any substantive effect.

    

    [Remainder
      of Page Intentionally Left Blank; Signature Page Follows]

    

    

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

    Witness
      the due execution hereof by the respective duly authorized officer of the
      undersigned as of the day first above written.

    

    
      	 	 	 
	 	[PLEDGOR]
	 
 	 
 	 
 
	
            	By:  	
            
	 	 	
              
  
	 	Name: 	 
	 	 	
              
  
	 	Title: 	 
	 	 	
              
  
	 	 

      

      
        	 	 	 
	 	[LENDER]
	 
 	 
 	 
 
	
              	By:  	
              
	 	 	
                
  
	 	Name: 	 
	 	 	
                
  
	 	Title: 	 
	 	 	
                
  
	 	 

        	 	 	 
	 	[ESCROW
                AGENT]
	 
 	 
 	 
 
	
              	By:  	
              
	 	 	
                
  
	 	Name: 	 
	 	 	
                
  
	 	Title:Unassociated Document

    

    

    EXECUTIVE
      EMPLOYMENT AGREEMENT

    

    

    Agreement
      made this 3rd day of JANUARY, 2007, between TACTICAL AIR DEFENSE SERVICES,
      INC.,
      a Nevada Corporation, with offices in Denison, Texas, (the "Company") and MARK
      DANIELS, a resident in the State of Florida ("Employee").

     

    WITNESSETH:

    

    WHEREAS,
      the parties acknowledge that Employee has abilities and expertise that
are
      unique and valuable to the Company; and

    

    WHEREAS,
      in view of such abilities and expertise, the Company desire to retain
Employee
      as a manager; and the possibility of other officer/Director appointments as
      directed; and

    

    WHEREAS,
      the Company and Employee have determined that such engagement of Employee
      be subject to a mutually acceptable written agreement;

    

    NOW
      THEREFORE, in consideration of the mutual agreements contained herein, the
      parties hereto agree as follows:

     

    
      	1.	
              SERVICES

            

    

    

    
      	
            	(a)	
              The
                Company hereby employs Employee and Employee hereby accepts such
                employment on the terms and conditions set forth herein. In this
                regard, Employee shall perform and discharge well and faithfully
                the duties and responsibilities that are commensuratewith
                his position.

            

    

     

    
      	
            	(b)	
              Employee
                is not and shall not be engaged directly or indirectly in
                any other business activity, or previously have contracted to
                perform
                such activity at a future date which would prevent the performance
                of the obligations hereunder or involve activities which would result
                in a
                breach of any provision of this
                Agreement.

            

    

     

    
      	2.	
              TERM

            

    

    

    
      
        	
              	(a)	
                The
                  term of this Agreement shall be for an initial period of (3) years
                  beginning
                  on the date hereof and shall cease and terminate upon the earliest
                  of
                  (i)the death of Employee; (ii) termination by a vote of the chorum
                  of the
                  board of
                  directors (“the Company”), at its option, for “cause” as defined
                  in
                  subdivision (b) of this Section 2; or (iii) termination by mutual
                  agreement between the
                  parties.

              

      

    

     

    
      	
            	(b)	
              As
                used in this Section, “cause” shall mean: any failure in performing
                in the respective capacity, unsatisfactory performance, derogation
                of
                duties, gross negligence or willful misconduct of Employee in the
                performance of his duties.

            

    

     

    
      	3.	
              COMPENSATION

            

    

    

    
      	
            	(a)	
              The
                Company shall pay to Employee a salary of $220,000 per year.
                ( Salary may be paid convertible in stock ( restrictions may apply),
                option,
                or warrants, which if exercised, shall be outlined under separate
                attachment
                by the company and shall be identified as an “Annex” to this
                agreement which shall be executed by the parties and incorporated
                herein.)

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              During
                the term of his employment, Employee shall be entitled to participate
                in employee benefit plans or programs of the Company, if
                any, to the extent his position, tenure, salary, age, health and
                other qualifications makes him eligible to participate, subject
                to the rules and regulations applicable thereto, which plans
                or programs will include, without limitation, health insurance
                benefits, performance-based options, an appropriate automobile
                allowance, and bonus programs, consistent with the reasonable
                past practices of the Company.

            

    

     

    
      	
            	(c)	
              The
                Company reserves the right to increase the compensation of the
                Employee, specified in this instrument, at any time or times hereafter
                and no such increase or adjustment shall operate as a cancellation
                of this Agreement, but merely as an amendment to Section
                3, and all the other terms, provision, and conditions of this
                Agreement shall continue in force and effect as herein provided.

            

    

     

    
      	4.	
              EXPENSES

            

    

    

    
      TheCompany
        will reimburse Employee for direct out-of-pocket expenses properly
        incurred by him in his performance of this Agreement and provided
        that a written accounting is made to the Company by Employee.

    

    

    
      	5.	
              CONFIDENTIALITY
                AND NON-COMPETITION

            

    

    

    
      
        	
              	(a)	
                Employee
                  acknowledges that as a consequence of his relationship with
                  the Company, he has been and will continue to be given access
                  to confidential information which may include the following
                  types information: financial statements and related financial
                  information with respect to the Company, trade secrets, computer
                  programs, certain methods of operation, procedures, improvements,
                  systems, customer lists, supplier lists and specifications,
                  and other private and confidential materials concerning
                  the Company’s business (collectively, “Confidential Information”).
                  Employee agrees that he shall maintain any Confidential
                  Information in strictest confidence and shall not disclose
                  any Confidential information to third parties during the terms
                  of this agreement and after the termination hereof, however such
                  termination shall occur, unless previously approved by the President
                  or Chairman in writing.

                 

                
                  Notwithstanding
                    the foregoing, nothing herein shall be construed as
                    prohibiting Employee from disclosing any Confidential Information
                    

                  (a)
                    which, at the time of disclosure, Employee can demonstrate either
                    was in
                    the public domain and generally available to the public or hereafter
                    became a part of the public domain and generally available to
                    the public
                    by publication or otherwise through no act of Employee; 

                  (b)
                    which Employee can establish was independently developed by a
                    third
                    party
                    who developed it without the use of the Confidential Information
                    and
                    who did not acquire it directly or indirectly from Employee under
                    an
                    obligation of confidence; © which Employee can show was received
                    by
                    him after the termination of this Agreement from a third party
                    who
                    did
                    not acquire it directly or indirectly from the Company under  an
                    obligation
                    of confidence; or (d) to the extent that Employee can reasonably
                    demonstrate such disclosure is required by law or in any legal
                    proceeding, governmental investigation, or other similar proceeding.

                

              

      

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
            	(b)	
              Employee
                covenants and agrees that, in order to protect the company’s interest
                in its business, operations and assets during the term of this
                Agreement and for a period of one (1) year following the termination
                of this Agreement, however the same shall occur, he will not,
                without prior written consent of the Company, directly or indirectly:

            

    

    

    
      	
            	(i)	
              engage
                anywhere in the United States, whether by virtue of stock
                ownership, management responsibilities or otherwise, in
                companies, business, organizations and/or ventures which are
                directly or indirectly competitive with the business of the
                Company as presently conducted or contemplated (the “Business”);
                or

            

    

    

    
      
        	
              	(ii)	
                become
                  interested, directly or indirectly, whether as principal,
                  owner, stockholder, partner, agent, officer, director,
                  employee, salesman, joint venture, consultant, advisor,
                  independent contractor or otherwise, in any person, firm,
                  partnership, association, venture, corporation or entity
                  engaging anywhere in the United State in the Business or
                  directly or indirectly in competition with the
                  Company.

              

      

    

     

    
      	
            	(iii)	
              It
                is however known that MARK DANIELS is currently a director and
                Corporate
                officer of AeroGroup Incorporated, International Tactical Training
                Center, Inc. and Air-1 Flight Support, Inc., and may continue to
                serve in the capacities with the respective companies. MARK DANIELS
                will
                use his best efforts to serve Tactical Air Defense Services, Inc.
                in
                that there will not arise any conflict of interests in the normal
                course
                of business.

            

    

     

    
      	6.	
              NO
                WAIVER

            

    

    

    The
      failure of any party to insist upon the strict performance of any
      of the terms, conditions or provisions of this Agreement shall not be
      construed as a waiver of relinquishment of future compliance therewith,
      and said terms, conditions and provisions shall remain in full
      force and effect. No interpretation, changes, modifications, terminations
      or waivers of any of the provisions of this Agreement shall
      be binding upon the Company or Employee unless in writing and signed
      by the person to be bound.

     

    
      	7.	
              RIGHTS,
                OBLIGATIONS AND ASSIGNMENT

            

    

    

    The
      rights and obligations of the Company under this Agreement shall
      inure to the benefit of, and shall be binding upon, its successors
      and assigns. The duties of Employee to any such successor entity
      shall not be greater than duties performed for the Company prior
      to such succession. Company shall have the right, at its
      election, to assign any of its rights or obligations hereunder, in whole
      or in
      part to any parent, subsidiary, affiliated, or related company, or to any
person,
      firm, or corporation owning or acquiring a substantial portion of Company’s
      or Company’s stock or assets, and, to the extent of such assignment,
Company
      and/or Company shall thereafter be relieved of their obligations hereunder.
      Executive shall not have the right to assign any of his rights or obligations
      hereunder, except for family gifts or transfers of compensation payable
      to heirs, beneficiaries, or otherwise by operation of law, in  accordance
with
      Company’s policies, practices and procedures.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	8.	
              ENTIRE
                AGREEMENT AND AMENDMENT

            

    

    

    This
      Agreement and the exhibits hereto embody the entire understanding between
      the parties hereto pertaining to the subject matter hereto and supersedes
      all prior agreements and understanding of the parties in connection
      therewith. This Agreement may not be amended, modified, superseded,
      canceled, or waived except by a written instrument signed by
      the party to be charged.

    

    
      	9.	
              SEVERABILITY

            

    

    

    If
      any of the provisions of this Agreement shall for any reason be adjudged
      by any court of competent jurisdiction to be invalid or unenforceable,
      such judgement shall not affect, impair, or invalidate the
      remainder of this Agreement, but shall be confined in its operations
      to the provision of this Agreement directly involved in the controversy
      in which such judgment shall have been rendered.

    

    
      	10.	
              NOTICES

            

    

    

    Notices,
      other communications or deliveries required or permitted under
      this Agreement shall be in writing directed as follows:

     

    
      	
            	(a)	
              TO
                THE COMPANY AT:

              
                TACTICAL
                  AIR DEFENSE SERVICES, INC.

                5501
                  AIRPORT DR.

                DENISON,
                  TX. 75020

              

            

    

     

    
      	
            	
              (b)

            	
              TO
                EMPLOYEE:

              MARK DANIELS

                                                                     
                

              
                                                                       
                  

              

            

    

     

    WITH
      A COPY TO:

     

    None

    

    The
      Parties may designate by notice to each other any new address for
      the purpose of this Agreement. Useless otherwise specified in this Agreement,
      all notices shall be effective when mailed postage prepaid by
      registered or certified mail, return receipt requested.

     

    
      	11.	
              APPLICABLE
                LAW

            

    

    

    This
      Agreement shall be enforced and construed in accordance with the
      laws of the State of Texas.

     

    
      
        
          	12.	
                  DISPUTES

                

        

      

    

    

    In
      the event any party brings legal proceedings to resolve a dispute hereunder,
      the prevailing party shall have the right to recover reasonable
      attorneys’ fees and costs from the other. The term “legal proceedings”
      shall include appeals from the lower court judgment.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      
        	13.	
                PAYMENT
                  ON TERMINATION “BUYOUT” OF
                  EMPLOYMENT

              

      

    

    

    If
      the Company terminates this Agreement, it shall pay Employee an amount
      equal as set forth in Section 3(a) as an annual base salary. The 
current
      remaining balance of the contract shall be due, and is to be divided by twelve
      and multiplied by the number of months remaining of the calendar
      year.

     

    
      	14.	
              HEADINGS

            

    

    

    The
      captions and headings contained in this Employment Agreement are for
      reference purposes only and shall not affect the interpretation or meaning
      of this Agreement. 

     

    IN
      WITNESS WHEREOF, the parties have executed this Employment Agreement as of
      the
      date and year first above written.

    

     

     

    
      
        	 	 	 	 	 
	By:	
                /s/
                  MARK DANIELS

              	 	 	 
	 	
                
                  
Chairman
                  of the Board 

              	 	 	
              

      

    

    

     

    
       

      
        
          	EMPLOYEE	 	 	 
	 	 	 	 	 
	By:	
                  /s/
                    MARK DANIELS

                	 	 	 
	 	
                  
                    
MARK
                    DANIELS

                	 	 	
                

        

    

    
      
        
        

      

      
        5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]