Document:

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                                                                    EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

         This Agreement, made and entered into this 1 day of June, 2001 by and
between HALIFAX INTERNATIONAL, INC. and STEPHEN BRISKER ("Employee").

                                   WITNESSETH:

         WHEREAS, HII. Plans to engage in the business of providing
miscellaneous telecommunication prepaid products and financial services
worldwide and maintains offices at Suite 930, 817 W. Peachtree Street, Atlanta,
Georgia 30308, and

         WHEREAS, Employee desires to be employed by HII and it desires to
employ Employee; and

         WHEREAS, Employee recognizes that HII would not employ (or continue to
employ) Employee, but for the Agreements and covenants being made in this
Agreement by Employee.

         WHEREAS, Employee understands and agrees that while he will be paid by
and be on the payroll of HII his activities will be on behalf of both HII or
other companies controlled by Halifax at the direction of the Board of Directors
of Halifax.

         NOW, THEREFORE, in consideration of employment and continued employment
and the mutual benefits and covenants set forth herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties agree as follows:

         1.       Definitions.

                  (a)      For purposes of this Agreement: (1) "business,"
                  "activities," "services" or "products" will mean any line of
                  trade or business, products or services engaged in or
                  conducted by HII or as well as those activities described in
                  this Agreement; (2) "products" or "services" will mean
                  anything of commercial value, including without limitation:
                  goods, personal, real or intangible services; or any other
                  object or aspect of business or the conduct thereof.

                  (b)      "HII" and include all other of its affiliates and
                  subsidiaries.

         2.       Services, Duties and Obligations. HII employs Employee to
serve as the Company's Chief Operating Officer (COO) to be responsible for
implementation and success of HII's business plan as currently developed and in
conjunction with future modifications as required planning, team development,
financial controls, capital allocation criteria, acquisition efforts and
integration of all business activities to assure the achievement of operating
objections, perform such other responsibilities as are assigned by HII to
Employee form time to time, it being agreed between all parties that the Board
of Directors of HII will be responsible for assigning Employee duties and
responsibilities and Employee hereby accepts such employment (the "Employment").
Employee will perform such duties as may be assigned from time to time
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by HII. Employee agrees to faithfully, industriously, and to the best of his
ability, perform all the duties that may be required by the Employment.

         HII agrees to use its best efforts to cause Employee to be elected to
the Company's Board of Directors during the time that he serves as its Chief
Operating Officer. If for any reason not of his own volition Employee ceases to
be a member of the Board of Director's during the term hereof, Employee may, at
his option, consider the failure to be elected, re-elected or otherwise denied
the right to serve on the Board of Director's as a Change of Control and be
entitled to all of the rights he would have hereunder if a Change of Control had
occurred except that Employee will receive three (3) years compensation instead
of one (1) year's compensation as he would under a Change of Control as defined
herein.

         Employee agrees during the term of Employment not to engage in, work
for, assist or be associated with in any way, or has any interest in (except as
a shareholder of less than 10% of equity) any other business.

         3.       Compensation, Expenses and Vacation. HII agrees to pay
Employee and Employee agrees to accept form HII in full payment for the
Employment compensation set forth on Exhibit "A" attached to this Agreement, to
be paid on a regular and periodic basis in accordance with the normal payroll
procedures of HII, pro-rated for any partial pay period at the beginning or end
of the Employment and subject to required withholding under applicable tax laws.
Employee's compensation will cease upon termination of the Employment.

         HII will reimburse Employee for all reasonable and necessary business
expenses paid by Employee in the course of the Employment, to the extent the
expenses are documented consistent with the policies and procedures of HII.

         Employee will provided with such fringe benefits and vacation that are
appropriate and usual for senior management of U.S. companies including auto
lease, travel/expense allowance, health/life insurance benefits, corporate perks
(to be determined) paid vacation.

         4.       Employment Term. The term of this Agreement is for four years
commencing on July 1, 2001. After July 1, 2005, this contract shall renew for
another year unless either party notifies the other party that the employment
shall terminate at the expiration of the term of employment at least one
hundred-eighty (180) days prior to the expiration of the term of employment.
Thereafter the term of employment shall continue from year to year unless
terminated by either.

         At any time during this Agreement, HII shall have the right to
terminate Employee for cause. For purposes of this Agreement, "cause" shall
mean:

                  A.       Employee's (1) conviction of a felony or Employee's
                  commission of any other act or omission involving dishonesty
                  or fraud with respect to the Company or any if its affiliates
                  or any of their customers, vendors or suppliers or (2)
                  misappropriation of funds or assets of the Company for
                  personal use or (3) engaging in any conduct relating to the
                  Company's business or involving moral

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                  turpitude that actually brought the Company or any of its
                  affiliates into public disgrace or disrepute;

                  B.       Executive's continued substantial and repeated
                  neglect of his duties, after written notice thereof from the
                  Board, and such neglect has not been cured within 30 days
                  after Employee receives notice from the Board;

                  C.       Employee's gross negligence or willful misconduct in
                  the performance of his duties hereunder that results, or is
                  reasonably expected to result in material damage to the
                  Company.

         5.       Termination. In the event of termination of this Agreement or
of the Employment be either party, each will continue to be liable for all
portions of this Agreement that are to remain in effect following termination of
this Agreement. Employee further agrees that within five (5) days after
termination of the Employment, he will return to HII and all equipment,
documents, supplies, stationery, and any other property of HII which HII
furnished to him as well as all copies or duplicates of the same. Upon receipt
of such materials, HII will compensate Employee for all final compensation and
bonuses that may be owed Employee by HII or within 45 calendar days. HII shall
have the right to offset any amounts owed to Employee against any amounts owed
to HII or by Employee.

         6.       Confidential and Proprietary Information. Employee
acknowledges that during the Employment (a) he will be privy to certain
confidential and proprietary information which constitutes trade secrets; and
(b) he will be privy to certain other confidential and proprietary information
that may not constitute trade secrets.

         Employee acknowledges that HII must protect both the above kinds of
information from disclosure or misappropriation, and Employee further
acknowledges that the processes, machines, technical documentation, computer
programs, customer lists, business plans, marketing plans and techniques,
pricing data, financial data, marketing programs, customer files, financial
institution files, technical expertise and know how, and other information and
trade secrets, whether as defined in the Act or which may lie beyond it
(collectively the "Property"), which have been or will be provided to Employee
by HII, are unique, confidential and proprietary Property of HII and by the
provision of such Property to Employee, HII is not conveying any ownership or
other interest to Employee. Employee acknowledges that such confidential and
proprietary information derives independent, actual and potential commercial
value from not being generally, readily ascertainable through independent
development and is the subject of efforts by HII that are reasonable under the
circumstances to maintain its secrecy. Employee agrees to hold in trust and
confidence for HII and not to disclose to any third party without prior written
consent of HII, said Property and information, whether it is tangible or
intangible. Employee further agrees not to use any such confidential information
or trade secrets to his personal benefit or for the benefit of any third party.
Employee also agrees to return to HII all such information and Property which is
tangible upon the termination of the Employment.

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         Employee agrees and HII agree that Employee's obligations under the
above non-disclosure provision as it relates to confidential information that
does not constitute trade secrets shall apply for a period of two (2) years
following the termination of the Employment.

         7.       Non-Solicitation of Employees. Employee agrees during the two
years following the termination of the Employment, not to actively recruit,
engage in passive hiring efforts, solicit or induce any person or entity who,
during such two-year period, or within one (1) year prior to the termination of
Employee's employment with HII, was an Employee, agent, representative or sales
person of HII to leave or cease his or her employment or other relationship with
HII for any reason whatsoever or hire or engage the services of such person for
Employee in any business substantially similar to or competitive with that in
which HII or any of its affiliated companies were engaged during the Employment.

         8.       Non-Solicitation of Customers. Employee acknowledges that in
the course of the Employment, he will learn about HII business, services,
materials, programs and products and the manner in which they are developed,
marketed, serviced and provided. Employee knows and acknowledges that HII has
invested considerable time and money in developing its programs, Agreements,
offices, representatives, services, products and marketing techniques and that
they are unique and original. Employee further acknowledges that HII keep secret
all pertinent information divulged to Employee about HII business concepts,
ideas, programs, plans and processes, so as not to aid HII's competitors.
Accordingly, HII is entitled to the following protection, which Employee agrees
is reasonable:

         Employee agrees that for a period of two (2) years following the
termination of the Employment, he will not, on his own behalf or on behalf of
any person, firm, partnership, association, corporation, or other business
organization, entity or enterprise, knowingly solicit, call upon, or initiate
communication or contact with any person or entity or any representative of any
person or entity, with whom Employee had contact during the Employment, with a
view to the sale or the providing of any product, equipment or service sold or
provided or under development by HII during the period of two (2) years
immediately preceding the date of Employee's termination. The restrictions set
forth in this section shall apply only to persons or entities with whom Employee
had actual contact during the two (2) years prior to termination of the
employment with a view toward the sale or providing of any product, equipment or
services sold or provided under development by HII.

         9.       Non-Competition. Employee acknowledges that he will be a "high
impact" person in HII's business who is in possession of selective and
specialized skills, learning abilities, customers contacts, and customer
information as a result of his relationship with HII, and agrees that HII has a
substantial business interest in the covenant described below. Employee,
therefore, agrees for a period of one (1) year from the termination of the
Employment, not to, either directly, whether as an Employee, sole proprietor,
partner, shareholder, joint venturer or the like, in the same or similar
capacity in which he worked for HII, work for any person or entity that competes
with HII in business activities substantially similar to those in which Employee
was engaged on behalf of HII. The territory in which this non-competition
covenant shall apply will be limited to the area commensurate with the territory

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in which HII is actively engaged in business activities, and in which Employee
participated in customer contract during the two years preceding termination of
Employment.

         10.      Consent to Injunction. It is understood and agreed that a
breach by Employment of these covenants will cause irreparable damages to HII
and, therefore, the parties agree that in the event Employee breaches any of
these covenants, HII shall be entitled to a grant of injunctive relief from a
court of competent jurisdiction in addition to any and all other remedies
allowed by law.

         11.      Directors and Officers Liability Insurance. HII agrees to keep
an appropriate officers and directors liability policy in full force throughout
the term of this Agreement.

         12.      Copyrights.

                  (a)      The Employee agrees that any copyrightable work of
                  authorship, including without limitation, any technical
                  descriptions of products, user guides, illustrations,
                  advertising to such materials [collectively "The Works"]
                  created by the Employee in the course of the Employee's duties
                  as an Employee of HII are subject to the "Work for Hire"
                  provisions contained in Sections 101 and 201 of the Untied
                  States Copyright Law, Title 17 of the United States Code. All
                  right, title and interest to copyrights in all Works which
                  have been or will be prepared by the Employee within the scope
                  of the Employee's employment with the Company will be the
                  property of the Company. The Employee further acknowledges and
                  agrees that, to the extent the provisions of Title 17 of the
                  United States Code do not vest in the Company the copyrights
                  to any Works, the Employee will assign and hereby does assign
                  to HII the copyrights to any Works, the Employee will assign
                  and hereby does assign to HII all right, title and interest to
                  copyrights which the Employee may have in such Works.

                  (b)      The Employee must disclose to HII all Works referred
                  to in Section 12(a) and will execute and deliver all
                  applications for registration, registrations, and further
                  documents relating to the copyrights to the Works and provide
                  such additional assistance, as HII may deem necessary and
                  desirable to secure HII's title to the copyrights in the
                  Works. HII will be responsible for all expenses incurred in
                  connection with the registration of all such copyrights.

                  (c)      The Employee claims no ownership rights in any Works.

         13.      Change of Control. In the event of a Change of Control of the
Company Employee's options are described on Exhibit A, hereto.

         14.      Arbitration of Disputes. If there is any dispute involving
matters relating to the Employment (including any issues relating to Equal
Employment Laws, ADA, 1964 Civil Rights Act or other laws, State and Federal)
the parties agree that such matters shall be determined by arbitration pursuant
to the rules and regulations of the American Arbitration Association appropriate
for resolving employment disputes.

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         15.      Entire Agreement. This Agreement embodies the entire Agreement
of the parties concerning the subject matter hereof. No representations or
warranties have been made to any party other than those expressed in this
Agreement.

         16.      Severability. The provisions of this Agreement are separate
and distinct, and shall be severable.

         17.      Modification. No change or modification of this Agreement
shall be valid or binding unless the same is in writing and signed by the
parties hereto.

         18.      Attorney's Fees. In the event of any judicial proceeding or
arbitration between the parties, the prevailing party shall be entitled to
reasonable attorney's fees and costs.

         19.      Waiver of Breach. The failure of HII at any time to require
performance by Employee of any provision of this Agreement shall in no way
affect HII's right thereafter to enforce the same, nor shall the waiver by HII
of any breach of any provision of this Agreement be taken or held to be a waiver
of any succeeding breach of any provision, or as a waiver of the provision
itself.

         20.      Choice of law. This Agreement shall be construed under the
laws of the State of Georgia.

         IN WITNESS WHEREOF, HII and Employee have duly executed this Agreement
on the date and year first written above.

HALIFAX INTERNATIONAL, INC.                     EMPLOYEE:

By:/s/ Phillip E. Lundquist                     /s/ Stephen Brisker
   --------------------------------             --------------------------------
       PHILLIP E. LUNDQUIST                         STEPHEN BRISKER

By:
   --------------------------------

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                     EXHIBIT "A" - Schedule of Compensation

1.       Employee will receive an annual salary before his BONUS in the amount
of one hundred eighty thousand dollars ($180,000.00) to be paid in accordance
with the Company's normal payroll practices.

2.       Employee shall receive a bonus to be determined by the Board subject to
criteria and bonus standards set by the Board of up to $60,000.00 per year.
Bonus standards shall be approved by the Board by no later than December 1 of
each year.

3.       HII will employee 500,000 shares of its common stock effective July 1,
2001 and 2,000,000 effective October 1, 2001. All shares transferred to employee
shall bear appropriate legends restricting the transferability thereof as
appropriate under applicable Federal and State security laws and shall note any
other restrictions on transfer applicable.

4.       HII will grant employee an additional 500,000 shares of restricted
common stock based on the following schedule:

                  125,000 upon installation of the first 500 terminals
                  125,000 upon installation of the 1,000th terminal
                  125,000 upon installation of the 1,500th terminal
                  125,000 upon installation of the 2,000th terminal

5.       HII will pay the premiums on a $1,000,000.00 ten (10) year term life
insurance policy on the life of the Employee, such policy to be owned by
Employee or such trust or person as he may select. HII and Employee recognize
that the payment of the premium will be taxable income to Employee and for that
reason agrees to pay Employee an amount equal to the premium on such insurance
policy annually. HII will have no ownership interest in such policy nor to any
of the proceeds thereof. HII's obligation to pay the insurance premium and
additional amount to Employee described herein shall cease if this Agreement is
terminated for any reason hereunder except Change of Control and herein after
described. If there is a Change of Control, and Employee exercises the option to
terminate this Agreement then and in that event HII shall continue to pay the
amounts described herein for two (2) policy years after termination.

6.       HII, through its Board of Directors, will grant Employee the right to
buy 500,000 shares of the Company's common stock at a price of Twenty-Five Cents
($.25) a share, as an Incentive Stock Option pursuant to the Company's Stock
Option Plan, such option to be effective July 1, 2001, with the options to vest
at the rate of 166,666 shares each July 1, starting 2002 until fully vested.

7.       Additional compensation and financial arrangements include:

         a.       Cash incentive bonus
         b.       Profit Sharing Plan incorporating incentive bonus performance
                  and criteria to be determined by the HII Board of Directors

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         c.       Separate investment in Smash Media to be determined

8.       If HII has a Change of Control as herein after defined, Employee may,
at his option, treat this Agreement as terminated and, upon such termination as
a result of a change in control, Employee shall be entitled to one year's salary
(based upon his annual salary at the time of termination) as severance and all
non-vested stock grants, if any, shall immediately vest. Employee's termination
as a result of a Change of Control shall not affect Employee's rights accrued
under the Company's Stock Option Plan or any other rights accrued under any
Employee benefit plan adopted by the Company.

         A Change of Control shall be deemed to have occurred at such time as:

                  (1)      Any Person or an affiliate of any Person other than
                  the Company or any subsidiary of the Company is or becomes the
                  beneficial owner, directly or indirectly, through a purchase,
                  merger or other transaction or series of transaction, of
                  shares of capital stock, whether presently issued or which may
                  be issued in the future, of the Company entitling such Person
                  to exercising forty percent (40%) of the total voting power of
                  all shares of the capital stock of the Company entitled to
                  vote generally in the election of directors; or

                  (2)      Any consolidation of the Company with or merger of
                  the Company into, any other Person, or any merger of another
                  Person into the company other than a merger which does not
                  result in any reclassification, conversion, exchange or
                  cancellation of outstanding shares of the Company's common
                  stock or which is effected solely to change the jurisdiction
                  of incorporation of the Company.

         "Person" shall mean any individual, trust, estate, partnership,
         corporation, association, company, limited liability company or
         unincorporated organization, and/or any combination thereof, other than
         the Company or an affiliate thereof.

9.       During the term herein, the Employee shall receive all rights and
benefits for which he is eligible under any Employee benefit plan which the
Company generally provides for its Employees or any group of Employees. Such
benefits shall include but not be limited to medical, disability and health
insurance for Employees.

                                       8ex10-8

 

Exhibit 10.8

EMPLOYMENT AGREEMENT

This Employment Agreement (the Agreement) is made by and among Summit Brokerage
Services, Inc., (the Company) its subsidiaries, and any successor company,
currently at 25 Fifth Avenue, Indialantic. FL. 32903 and Michael E. Dujovne
(Employee) currently having an address at 2626 Lowell Circle, Melbourne, FL
32935.

WITNESSETH

Whereas, the Company and Employee wish to set forth the terms and conditions
upon which Employee shall hereinafter be employed by the Company.

Now, Therefore, in consideration of the mutual covenants and agreements set
forth herein and for other goods and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

		
	1.	Term. Employee has been, and shall continue to be, employed by the
Company for the period of September 1, 2000, through August 31, 2002,
unless sooner terminated in accordance with the terms of this Agreement
(such period referred to as the Term). There will be two consecutive
optional two-year terms. Each optional year will need the approval of the
Company and Employee. As used in this Agreement, “Term” shall refer to
the initial term and any renewal terms..
	 
	2.	Positions. During the Term, Employee shall serve as the Compliance
Officer and In-House Counsel for Summit Brokerage Services, Inc. and its
subsidiaries, and shall perform such duties as shall be delegated to him
by the officers of that company. Employee will be responsible for
performing such duties with respect to all aspects of the company,
including the broker-dealer, all insurance activities, registered
investment advisor activities, and related company activities.
	 
	3.	Compensation. During the first twelve (12) months of the Term, Employee
shall receive a base annual salary of seventy five thousand dollars
($75,000.00) (subject to adjustments as set forth herein) and shall
receive perquisites as may be directed by the senior officers. Beginning
September 1, 2001, and for the remainder of the initial Term, Employee
shall receive a base annual salary of eighty thousand dollars ($80,000.00)
(subject to adjustments as set forth herein) and shall receive perquisites
as may be directed by the senior officers. Upon Employee obtaining the
following licenses during the Term of this Agreement, and commencing with
the next pay period, Employee’s annual base salary shall be increased by
the following amounts:

	 	 	 	 	 	 	 	 	 
	A.
	 	Series 62 securities license:	 	$	1,500.00	 
	B.
	 	Series 24 securities license:	 	$	1,500.00	 
	C.
	 	Life insurance license:	 	$	2,000.00	 

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	 	Employee shall use his best efforts to obtain said licenses in the order
stated above by no later than June 30, 2001. Other licenses that may be
necessary for Employee to obtain shall not affect the base salary of
Employee, unless agreed to in writing between the Company and Employee.
	 
	 	Between September 1, 2000, and November 30, 2000 (the transition period),
Employee will he working for the company on a part-time basis, and shall be
compensated on a prorated basis. During September, 2000, Employee shall
devote the equivalent of two (2) business days per week to the company, and
shall be compensated at a rate of 2/5 (40%) of the base salary stated above,
subject to adjustment based on licenses obtained. During October and
November, 2000, Employee shall devote the equivalent of three (3) business
days per week to the company, and shall be compensated at a rate of 3/5
(60%) of the base salary stated above, subject to adjustment based on
licenses obtained. Beginning December 1, 2000, Employee shall begin
full-time work for the company, and shall be compensated 100% of the base
salary stated above, subject to adjustment based on licenses obtained.
	 
	4.	Expenses. During the Term, Employee shall be entitled to prompt
reimbursement of all business expenses in accordance with the Company’s
policy for such reimbursement. Employee shall work primarily out of the
Company’s headquarters in south Brevard County, Florida, and Employee
shall not be required to relocate outside of south Brevard County, Florida
so long as the Company’s headquarters remains in south Brevard County,
Florida. In the event of a voluntary relocation of Employee at the
request of the Company, the Company will pay all such relocation expenses
inclusive of any closing costs and Realtor’s lees in the sale of
Employee’s current residence plus all closing costs on the purchase of a
new residence. Additionally, the company will pay all interim housing
expenses between such relocation and the location in a new residence.
	 
	5.	Stock Options. As of the contract commencement date, the Company grants
to Employee forty thousand (40,000) options, exercisable for the
equivalent number of shares of the Company’s common stock. Options will
be granted each year thereafter at a rate of forty thousand (40,000)
options annually. The exercise price for each option shall be $2.50 for
the first year’s options, and 85% of the closing market price on August
31, 2001 for the second year’s options. Exercise of the options may be
done on a cashless basis through the Company or through any securities
broker dealer, using the option price value of each share to satisfy the
exercise price. Employee shall be 20% vested in the first 40,000 options
as of the commencement of the Term, and shall vest an additional 20% on
the anniversary date of this Agreement for each year for four years until
fully vested. All options granted in years following the first year shall
vest in the same manner, with the vesting period commencing as of the date
the options are granted. Employee may not exercise the options during the
first twelve months after which those particular options are granted.
	 
	6.	Change of Control. In the event Employee is terminated in connection
with a “change in control” of the Company. Employee shall receive a lump
sum payment equal to one year of his compensation as described in
paragraph 3, above (at the annual rate, inclusive of all increases through
the end of the Term), and all options which were granted as described in
paragraph 5 above. A change in control shall mean any sale, merger,

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	 	transfer stock exchange or acquisition of the Company, in which
Employee’s position is either terminated or changed. Furthermore, in the
event a “change in control” of the Company occurs, Employee shall become
fully vested immediately in all stock options granted, and shall have the
right to exercise all options for 100% of their value, irrespective of
whether or not Employee’ position is terminated, changed, or remains
unchanged.
	 
	7.	Benefit Plans. Employee shall he entitled to participate in the
Company’s benefit plans in the same manner and subject to the same terms
and conditions as the other executives of the company. Said benefit plans
include, at a minimum, health insurance and dental insurance plans for
Employee. At Employee’s election, Employee may opt for the cash
equivalent of the premium amount required to have Employee covered under
the Company’s group health and dental insurance plans, in which case
Employee shall not be covered by said insurance plans. If Employee elects
to receive the cash equivalent of the insurance premiums, said cash
equivalent shall be reimbursed by the Company to Employee. The amount of
the insurance premiums for Employee shall be determined on an annual basis
as of the anniversary date of this Agreement, and the cash equivalent of
said premium amounts shall be adjusted accordingly. Employee may, at any
time during the Term and effective for the upcoming pay period, elect to
participate in the Company’s group insurance plans, in which case the
company shall pay the required premiums and shall not reimburse Employee.
Employee may choose between these two options throughout the Term.
	 
	8.	Termination. The Company may terminate this Agreement at any time for
“Cause.” For purposes of this Agreement, “Cause” shall mean the following
(i) if Employee has persistently and willfully failed to devote
substantially all of his working time to the operations of the Company,
after specific written notice has been given by the Company to Employee of
such alleged failure and a 20 day opportunity has been given but nothing
has been accomplished to substantially cure such failure; (ii) if Employee
is indicted of any criminal offense involving a violation of any federal
or state securities laws, embezzlement, fraud, wrongful taking of property
involving the Company or any subsidiary or its customers, this Agreement
may be terminated by the Company. All unexercised options, if payable
will be placed in escrow and shall be null and void if Employee is
convicted; if Employee is not convicted, all unexercised options shall be
made immediately available to Employee; (iii) violation or breach of this
Agreement, not corrected within 20 days after written notice of same.
	 
	 	In the event this Agreement shall be terminated by the Company for any
reason other than pursuant to paragraph 8(i), (ii) or (iii), Employee
shall be entitled to receive all stock options and benefits to which he
is entitled pursuant to this Agreement to the end of the Term. All stock
options shall he deemed fully vested upon such termination. In addition,
Employee shall receive compensation (pursuant to paragraph 3) for either
the remaining portion of the Term, or 12 months, whichever is less.
	 
	 	For a period of three (3) years following termination from the Company,
Employee will not recruit or allow employees or brokers of the Company to
join a securities’ broker/dealer with whom Employee is associated.

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	9.	Practicing Law. The Company acknowledges that in order to enter into
this Agreement and to work for the Company, Employee will be required to
wind down his full-time private practice of law, and to forgo most of the
income that such private practice afforded Employee. For this reason, the
Company and Employee have agreed to the transition period as detailed in
paragraph 3, above. In addition, after the transition period, Employee
may continue to perform landlord-tenant related legal services for the
public, and may devote the equivalent of up to five (5) hours per business
week during regular working hours to this end, but this shall riot
constitute a breach pursuant to paragraph 8, above. Employee shall be
deemed a full-time employee of the Company regardless of the foregoing.
Any such legal services shall be performed by Employee at his sole
expense, and no staff person or equipment (with the exception of the
telephone for Employee to return calls) of the Company shall be used in
furtherance of this practice of law. It is understood that said legal
services are not being provided for the Company by Employee, nor is the
Company entitled to any of the proceeds from said legal services, nor is
the Company compensating Employee for these services. Said legal services
are not being offered by the Company for its clients or employees, and
Employee will make no representations to this effect. Employee will not
provide the Company’s address, telephone number or telefax number to his
law clients for the purpose of conducting legal work for said clients, nor
shall Employee receive mail relating to his legal services at the
Company’s address. Employee shall not use the Company’s name in
connection with his private legal services. Employee shall not provide
legal services in the securities or investment fields during the Term of
this Agreement. The Company shall have no legal or contractual
relationship with Employee’s private practice of law. Employee shall not
represent any person or entity that Employee knows in advance has made a
legal claim against the Company. By execution of this Agreement, Employee
indemnifies the Company for any liabilities incurred by the Company
related to Employee’s legal services performed outside the duties of the
Position, as described in section 2 above.
	 
	10.	Company Vehicle. At Employee’s election, and by giving the Company no
less than ten (10) days’ notice prior to the end of any calendar month
during the Term, Employee may have the loan or lease payments on his
automobile paid by the Company, with Employee’s annual salary being
accordingly reduced by twelve (12) times the amount of the monthly loan or
lease payment of the automobile, with withholdings from income based on
this reduced amount. The Company may co-sign on the loan or lease for
this purpose at the Company’s discretion. For purposes of calculating
bonuses, cost of living adjustments, or raises on a percentage basis for
Employee, the full annual salary (as opposed to the reduced annual salary
described in this paragraph) shall be used as the base salary. In the
event of termination, the Company shall no longer be required to make
payments on the loan or lease, and Employee shall be liable for any
remaining monthly loan or lease payments. During tine Term, Employee may
elect, by giving the Company no less than ten (10) days’ notice prior to
the end of any calendar month, to resume making payments on his
automobile, in which case Employee’s annual salary shall be returned to
the full amount as called for in paragraph 3, above.
	 
	11.	Training, Licenses, and Continuing Education. The Company shall pay for
or promptly reimburse employee for the full costs of the following: (A)
all costs, including but not limited to fees, tuition, texts, travel or
mileage, and accommodations associated with

4

 

		
	 	licenses required by the Company; (B) Florida Bar Dues (including two
practice areas); (C) Brevard County Bar Association Dues; (D) all costs,
including but not limited to fees, tuition, texts, travel or mileage, and
accommodations associated with continuing legal education; and (E) if
applicable, all occupational licenses with respect to work that Employee
will perform for the Company.
	 
	12.	Authority: No Conflict. Employee and the Company each represent and
warrant that (A) each has the full power and authority to enter into this
Agreement and to perform each of their obligations hereunder, (B) the
Company’s senior officers have reviewed and considered this Agreement,
have approved same, and have directed the chief executive officer to
execute same, and (C) the execution, delivery and performance by Employee
and the Company of this Agreement will neither (i) violate, conflict with,
or result in any breach of any contract or other Agreement by Employee or
the Company nor (ii) violate any law, statute, or other requirement of any
governmental body.
	 
	13.	Miscellaneous. This Agreement (i) contains the entire understanding of
the parties with respect to the subject matter hereof and supercedes all
prior agreements of the parties, written or oral, of any nature
whatsoever, (ii) shall be binding upon and shall inure to the benefit of
the parties hereto and their respective successors and (iii) shall be
governed by the laws of the state of Florida, with venue for any action or
arbitration being in Brevard County, Florida (or the territory covering
Brevard County, Florida, if it falls outside of Brevard County, Florida)
without giving effect to the conflicts of law provisions thereof.
	 
	14.	Severability. In the event any provision of this Agreement is determined
by a court or arbitrator of competent jurisdiction to be unenforceable,
the remaining terms of this Agreement shall continue to be of full force
and effect.

Accepted and agreed to by the undersigned effective the first (1st) day of
September, 2000.

	 	 	 
	Summit Brokerage Services, line	 	 
	(“the Company”)	 	 
	  	 	 
	/s/ Richard Parker	 	 
	 	 	 
	
	 	

	By: Richard Parker, its Chief Executive Officer	 	
Witness
	  	 	 
	/s/ Michael Dujovne	 	 
	  	 	 
	
	 	

	Michael E. Dujovne	 	
Witness
	(“Employee”)	 	 

5

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