Document:

ex10_1.htm

    

     NON-EXCLUSIVE
FINDER'S AGREEMENT

    

    This
Non-Exclusive Finder's Agreement (this "Agreement") is made as of December _____
2007, between Global Automotive Supply, Inc., a Nevada corporation (the
"Company"), and Empire Financial Group, Inc., a Florida corporation (the
"Exclusive Finder"). The Non-Exclusive Finder and the Company
agree:

    

    
      	
               
      

            	
              1.

            	
              Engagement
      of Finder:  The Company hereby engages the Finder, and
      the Finder hereby accepts such engagement, to act as the Company's
      non-exclusive Finder with respect to sales by the Company in a private
      placement transaction (the “Offering”) up to 3 million aggregate principal
      amount of Equity or Equity-Related Securities (the “Securities”) of the
      Company to the investors during the term of this Agreement as set forth in
      Section 5.

            

    

    

    
      	
               
      

            	
              2.

            	
              Offering
      Procedures:  The Finder will introduce the Company to
      investors who the Finder reasonably believes to be "accredited investors,"
      as that term is defined in Rule 501 of Regulation D promulgated under the
      Securities Act of 1933, as amended (the “1933 Act”),
      with whom the Finder has a pre-existing substantive relationship (the
      “Offerees”).

            

    

    

    
      	
              3.  

            	
              Finder's
      Compensation:  In consideration for the services rendered
      by the Finder hereunder, the Company shall pay to the Finder, or cause the
      Finder to be paid, compensation as provided in this section within 3 days
      of the Company's receipt of funds from the
  Offerees.

            

    

    

    
      	
              (a)  

            	
              Cash Compensation: The
      Company shall pay to the Finder cash compensation equal to eight percent
      (8%) of the gross Offering funds raised by Empire
    Financial.

            

    

    

    
      	
              (b)  

            	
              Warrants:  The
      Finder shall receive eight percent (8%) warrant compensation on funds
      raised by Empire Financial.  The warrant calculation translates
      to 80,000 warrants per $1 million raised for either a Registered Offering
      or a Private Offering.  The warrants shall have an exercise
      price, an expiration date and registration rights of any warrants sold to
      Offerees in the Offering, and if the Offering does not provide for the
      issuance of warrants, then the warrants issued to the Finder shall have a
      strike price equal to the Offering price of any Equity or Equity-Related
      Securities sold, have a five-year term and cashless exercise after one
      year if the underlying shares are not then registered.  The
      warrant shares shall be subject to equitable adjustment for stock splits,
      stock dividends and similar events.  The warrant shares shall
      have “piggyback” registration rights in any Private Offering, and will be
      backed by registered shares for any Registered
  Offering.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              (c)  

            	
              If,
      at any time prior to one year following the end of the Offering (the
      “Term”) the Company directly or indirectly sells, in a private
      transaction, any type of security to an investor that is a participant in
      said transaction that was directly placed into the transaction placed by
      Empire Financial Group.  During the Term, the Company shall pay
      the Finder the compensation to which it would be entitled under paragraph
      3 if the transaction had occurred during the
  Term.

            

    

    

    
      	
              4.  

            	
              For
      purposes of determining the Finder’s compensation under this Section 3,
      the gross offering funds placed by Empire Financial Group in the offering
      shall include any amounts paid to the Company by investors in respect to
      an exercise or conversion of any of the Securities or Warrants, from said
      Empire Financial group of investors, including the value allocated to any
      securities not issued pursuant to a “cashless exercise” or similar
      provision, whenever actually received by the Company.  This only
      applies to funds that Empire Financial placed in the
      transaction.

            

    

    

     Certain
Matters Relating to Finder’s Duties:

    

    
      	
              (a)  

            	
              The
      Finder’s responsibilities shall be limited to introducing potential
      investors to the Company, and the Finder shall not have authority to offer
      or sell the Securities to any potential investor. Finder shall not use any
      general solicitation or general advertising within the meaning of the
      applicable securities laws in connection with any offering.  The
      Finder shall have no responsibility to participate or assist in any
      negotiations between any potential investor and the Company. The Finder
      will have no responsibility to act, and the parties contemplate that the
      Finder will not act, as a broker or dealer with respect to the offer or
      sale of the Securities. Further, the Finder shall have no responsibility
      for fulfilling any SEC reporting or filing requirements as relates to the
      Company provided however, Finder agrees to provide Company with reasonable
      assistance related to any registration, qualification or other
      requirements of applicable securities laws and other regulatory matters,
      upon request of the Company.

            

    

    

    
      	
              (b)  

            	
              The
      Finder agrees to introduce the Company to Offerees only in states in which
      the Finder has been advised by the Company that offers and sales of
      Securities can be legally made by the
Company.

            

    

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    
      	
              (c)  

            	
              The
      Finder shall perform its duties under this Agreement in a manner
      consistent with the instructions of the Company. Such performance shall
      include, but not be limited to, the delivery to each Offeree a current
      copy of the Private Placement Memorandum, Subscription Agreement and any
      Offering Questionnaire and/or similar documents provided to the Finder by
      the Company, as such documents may be amended from time to time by the
      Company and delivered to the Finder. The Finder shall consecutively number
      each copy of the Private Placement Memorandum (which will include the
      first letter of the Finder’s name or other identifying mark sufficient to
      designate an Offeree introduced by the Finder); keep a log of when and to
      whom each copy of the Private Placement Memorandum is given, with the
      Private Placement Memorandum numbers; maintain a copy of any written
      information the Finder obtains regarding the suitability of each Offeree;
      and only use the Private Placement Memorandum in introducing Offerees to
      the Company. The Finder shall provide this log and all such written
      information to the Company at any time and promptly upon request of the
      Company at the termination of this Agreement. The Company shall, promptly
      following execution of this Agreement, provide the Finder with a written
      list of prospective Offerees that the Company does not want the Finder to
      contact. The Finder agrees to not contact the persons on such list, and
      the Finder shall not be entitled to the compensation set forth in Section
      3 with respect to any investment made by such person in the Company’s
      Securities.

            

    

    

    
      	
              (d)  

            	
              The
      Finder is and will hereafter act as an independent contractor and not as
      an employee of the Company and nothing in this Agreement shall be
      interpreted or construed to create any employment, partnership, joint
      venture, or other relationship between the Finder and the Company. The
      Finder will not hold itself out as having, and will not state to any
      person that the Finder has, any relationship with the Company other than
      as an independent contractor. The Finder shall have no right or power to
      find or create any liability or obligation for or in the name of the
      Company or to sign any documents on behalf of the
  Company.

            

    

    

    
      	
              5.  

            	
              Right
      of First Refusal.  In consideration for the Finder acting
      as the finder in connection with the proposed offering, the Company hereby
      grants the Finder a right of first refusal to serve as the Company’s
      placement agent and investment banker in connection with a capital raise
      for a period of 1 year from the closing of the
      transaction.  This only applies to the capital amount of Empire
      Financial Group’s contribution to the capital
  raise.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              6.  

            	
              Termination
      of Agreement. Either party may terminate this Agreement by
      notifying the other party in writing upon a material breach by that other
      party, unless such breach is curable and is in fact cured within 15 days
      after such notice.  This Agreement will otherwise terminate upon
      completion or termination of the Offering. The Company may terminate this
      Agreement following ninety (90) days after the date hereof upon written
      notice.  Notwithstanding the foregoing, all provisions of this
      Agreement other than section 1, 2 and 3 shall survive the termination of
      this Agreement with respect to Offerees to the Company prior to any
      termination with respect to the Offering. The Finder shall be entitled to
      compensation under section 3 based on investments made by such Offerees
      prior to the termination of this Agreement or at any time within one year
      thereafter.

            

    

    

    
      	
              7.  

            	
              Indemnification.
      The Company and the Finder each shall indemnify and defend the other and
      the other’s affiliates, directors, officers, employees, agents,
      consultants, attorneys, accountants and other representatives (each an
      “Indemnified
      Person”) and shall hold each Indemnified Person harmless, to the
      fullest extent permitted by law, from and against any and all claims,
      liabilities, losses, damages and expenses (including reasonable attorney’s
      fees and costs), as they are incurred, in connection with the Offering,
      resulting from the indemnifying party’s negligence, bad faith or willful
      misconduct in connection with the Offering, any violation by the
      indemnifying party (not caused by an Indemnified Person) of Federal or
      state securities laws in connection with the Offering, or any breach by
      the indemnifying party of this Agreement. In case any litigation or
      proceeding shall be brought against any Indemnified Person under this
      section, the indemnifying party shall be entitled to assume the defense of
      such litigation or proceeding with counsel of the indemnifying party’s
      choice at its expense (in which case the indemnifying party shall not be
      responsible for the fees and expenses of any separate counsel retained by
      such Indemnified Person, except in the limited circumstances described
      below in this section); provided, however, that such counsel shall be
      reasonably satisfactory to the Indemnified Person. Notwithstanding the
      indemnifying party’s election to assume the defense of such litigation or
      proceeding (a) such Indemnified Person shall have the right to employ
      separate counsel and to participate in the defense of such litigation or
      proceeding, and (b) the indemnifying party shall bear the reasonable fees,
      costs and expenses of separate counsel if (but only if) the use of counsel
      selected by the indemnifying party to represent such Indemnified Person
      would present such counsel with a conflict of interest under applicable
      laws or rules of professional
conduct.

            

    

    

    
      	
              8.  

            	
              Confidentiality
      of Offeree Information. The Company acknowledges that the identity
      of the Offerees, and all confidential information about Offerees received
      by the Company from an Offeree or the Finder, is confidential information
      of the Finder and may not be shared with any other person without the
      consent of the Finder.

            

    

    
 

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    
      	
              9.  

            	
              Notices.
      Any notice, consent, authorization or other communication to be given
      hereunder shall be in writing and shall be deemed duly given and received
      when delivered personally, when transmitted by fax, three days after being
      mailed by first class mail, or one day after being sent by a nationally
      recognized overnight delivery service, charges and postage prepaid,
      properly addressed to the party to receive such notice, at the following
      address or fax number for such party (or at such other address or fax
      number as shall hereafter be specified by such party by like
      notice):

            

    

    

    

    
      	
              (a)  

            	
              If
      to the Company,
      to:

               

              Joe
      DeFrancisci

              President
      and CEO.

              Global
      Automotive Supply, Inc.

              5422
      Carrier Dr., Ste. 309

              Orlando,
      Fl. 32819.

              Phone:            (407)
      363-4474.

              E-Mail:           joedefrancisci@yahoo.com

            
	 	 
	(b)
       	
              If
      to the Finder,
      to:

               

              Bill
      Corbett

              Managing
      Director

              150
      California Street, 21st
      Floor

              San
      Francisco, CA  94111

              Phone:                 (415)
      956-4253

              Fax:                      (415)
      956-4192

              E-Mail:                bcorbett@empirenow.com

            

    

         

    
      	
              10.  

            	
              Company
      to Control Transactions.  The prices,
      terms and conditions under which the Company shall offer or sell any
      Securities shall be determined by the Company in its sole
      discretion.  The Company shall have the authority to control all
      discussions and negotiations regarding any proposed or actual offering or
      sale of Securities.  Nothing in this Agreement shall obligate
      the Company to actually offer or sell any Securities or consummate any
      transaction.  The Company may terminate any negotiations or
      discussions at any time and reserves the right not to proceed with any
      offering or sale of Securities.  Compensation pursuant to this
      Agreement shall only be paid to the Finder in the event of an actual
      Closing of the Offering to an Offeree introduced by
  Finder.

            

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    
      	
              11.  

            	
              Confidentiality
      of Company Information. The Finder, and its officers, directors,
      employees and agents shall maintain in strict confidence and not copy,
      disclose or transfer to any other party (1) all confidential business and
      financial information regarding the Company and its affiliates, including
      without limitation, projections, business plans, marketing plans, product
      development plans, pricing, costs, customer, vendor and supplier lists and
      identification, channels of distribution, and terms of identification of
      proposed or actual contracts and (2) all confidential technology of the
      Company. In furtherance of the foregoing, the Finder agrees that it shall
      not transfer, transmit, distribute, download or communicate, in any
      electronic, digitized or other form or media, any of the confidential
      technology of the Company. The foregoing is not intended to preclude the
      Finder from utilizing, subject to the terms and conditions of this
      Agreement, the Private Placement Memorandum and/or other documents
      prepared or approved by the Company for use in the
    Offering.

            

    

    

    All
communications regarding any possible transactions, requests for due diligence
or other information, requests for facility tours, product demonstrations or
management meetings, will be submitted or directed to the Company, and the
Finder shall not contact any employees, customers, suppliers or contractors of
the Company or its affiliates without express permission.  Nothing in
this Agreement shall constitute a grant of authority to the Finder or any
representatives thereof to remove, examine or copy any particular document or
types of information regarding the Company, and the Company shall retain control
over the particular documents or items to be provided, examined or copied. If
the Offering is not consummated, or if at any time the Company so requests, the
Finder and its representatives will return to the Company all copies of
information regarding the Company in their possession.

    

    The
provisions of this Section shall survive any termination of this
Agreement.

    

    
      	
              12.  

            	
              Press
      Releases, Etc. The Company shall control all press releases or
      announcements to the public, the media or the industry regarding any
      offering, placement, transaction or business relationship involving the
      Company or its affiliates. Except for communication to Offerees in
      furtherance of this Agreement and the provision of the Private Placement
      Memorandum, the Finder will not disclose the fact that discussions or
      negotiations are taking place concerning a possible transaction involving
      the Company, or the status or terms and conditions thereof. Notwithstanding the
      foregoing, the Company agrees to issue a press release prior to the
      opening of the market on the business day following the Company’s receipt
      of executed agreements binding Offerees to purchase Securities in at least
      the amount of the minimum Offering (if there is any such minimum) setting
      forth the material terms of the
Offering.

            

    

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
              13.  

            	
              Due
      Diligence:
      Neither the Company, nor any of its directors, officers or
      shareholders, should, in any way rely on the Finder to perform any due
      diligence with respect to the Company.  It is expressly
      understood and agreed that to the extent due diligence is conducted; it
      will be conducted by the investors.

            

    

    

    
      	
              14.  

            	
              Expenses,
      Etc. The compensation described in Section 3 of this Agreement
      shall be the Finder’s sole compensation for all of its services and
      efforts to the Company and its affiliates, in connection with any offering
      or placement of Securities. However, while the Finder shall pay all of its
      own costs and expenses exceeding ten thousand ($10,000) in carrying out
      its activities hereunder; the Company will reimburse the Finder for the
      first $10,000 of aforementioned expenses after they have been incurred by
      the Finder, and an itemized accounting has been provided to the Company.
      The Company further agrees to reimburse for legal expenses not to exceed
      $15,000.  The Finder shall be responsible for any compensation,
      fees, commissions or payments of its employees, agents representatives,
      co- Finders or other persons or entities utilized by it in connection with
      its activities on behalf of the Company, and the Finder will indemnify and
      hold harmless the Company and its affiliates from the claims of any such
      persons or entities.

            

    

    

    
      	
              15.  

            	
              Compliance
      with Laws. The Finder represents and warrants that it is a duly
      registered broker/dealer and in good standing with the SEC, NASD and the
      State of California and has and shall maintain such registrations as well
      as all other necessary licenses and permits to conduct its activities
      under this Agreement, which it shall conduct in compliance with applicable
      federal and state laws relating to a private placement under Regulation D
      of the 1933 Act. The Finder represents that it is not a party to any other
      agreement, which would conflict with or interfere with the terms and
      conditions of this Agreement.

            

    

    

    
      	
              16.  

            	
              Assignment
      Prohibited.  No assignment of this Agreement shall be
      made without the prior written consent of the other
  party.

            

    

    

    
      	
              17.  

            	
              Amendments.  Neither
      party may amend this Agreement or rescind any of its existing provisions
      without the prior written consent of the other
  party.

            

    

    

    
      	
              18.  

            	
              Governing
      Law.  This Agreement shall be deemed to have been made in
      the State of California and shall be construed, and the rights and
      liabilities determined, in accordance with the law of the State of
      California, without regard to the conflicts of laws rules of such
      jurisdiction.

            

    

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
              19.  

            	
              Waiver.  Neither
      Finder’s nor the Company’s failure to insist at any time upon strict
      compliance with this Agreement or any of its terms nor any continued
      course of such conduct on their part shall constitute or be considered a
      waiver by Finder or the Company of any of their respective rights or
      privileges under this Agreement.

            

    

    

    
      	
              20.  

            	
              Severability.
      If any provision herein is or should become inconsistent with any present
      or future law, rule or regulation of any sovereign government or
      regulatory body having jurisdiction over the subject matter of this
      Agreement, such provision shall be deemed to be rescinded or modified in
      accordance with such law, rule or regulation.  In all other
      respects, this Agreement shall continue to remain in full force and
      effect.

            

    

    

    
      	
              21.  

            	
              Counterparts.  This
      Agreement may be executed in one or more counterparts, each of which shall
      be deemed an original, and will become effective and binding upon the
      parties at such time as all of the signatories hereto have signed a
      counterpart of this Agreement.  All counterparts so executed
      shall constitute one Agreement binding on all of the parties hereto,
      notwithstanding that all of the parties are not signatory to the same
      counterpart.  Each of the parties hereto shall sign a sufficient
      number of counterparts so that each party will receive a fully executed
      original of this Agreement.

            

    

    

    
      	
              22.  

            	
              Entire
      Agreement.  This Agreement and all other agreements and
      documents referred herein constitutes the entire agreement between the
      Company and the Finder.  No other agreements, cove­nants,
      representations or warranties, express or implied, oral or written, have
      been made by any party hereto to any other party concerning the subject
      matter hereof.  All prior and contemporaneous conversations,
      negotiations, possible and alleged agreements, representations, covenants
      and warranties concerning the subject matter hereof are merged
      herein.  This is an integrated
  Agreement.

            

    

    

    
      	
              23.  

            	
              Arbitration.  The parties
      agree that this Agreement and all controversies which may arise between
      the Finder and the Company, whether occurring prior, on or subsequent to
      the date of this Agreement, will be determined by
      arbitration.  The parties understand
  that:

            

    

    

    
      	
              (a)  

            	
              Arbitration
      is final and binding on the
parties.

            

    

    

    
      	
              (b)  

            	
              The
      parties are waiving their right to seek remedies in court, including the
      right to a jury trial.

            

    

    

    
      	
              (c)  

            	
              Pre-arbitration
      discovery is generally more limited than and different from court
      proceedings.

            

    

    

    
      	
              (d)  

            	
              The
      arbitrators’ award is not required to include factual findings or legal
      reasoning and any party’s right to appeal or to seek modification or
      rulings by the arbitrators is strictly
limited.

            

    

    

    
      	
              (e)  

            	
              The
      panel of arbitrators will typically include a minority of arbitrators who
      were or are affiliated with the securities
  industry.

            

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    The
parties agree that any arbitration under this Agreement will be held at the
facilities of and before an Arbitration Panel appointed by the National
Association of Securities Dealers, Inc. (“NASD”), or if the NASD refuses to
accept jurisdiction, then before JAMS/ENDISPUTE in San Francisco,
California.  The award of the arbitrators, or of the majority of them,
will be final, and judgments upon the award may be entered in any court, state
or federal, having jurisdiction.  The parties hereby submit themselves
and their personal representatives to the jurisdiction of any state or federal
court for the purpose of such arbitration and entering such
judgment.

    Any
forbearance to enforce an agreement to arbitrate will not constitute a waiver of
any rights under this Agreement except to the extent stated herein.

    

    THIS
AGREEMENT IS GOVERNED BY A PRE-DISPUTE ARBITRATION CLAUSE CONTAINED IN PARAGRAPH
23 OF THIS AGREEMENT

     

    
      	Empire
      Financial Group, Inc. (the “Finder”)
	 	 
	By:	/s/
      Bill Corbett
	 	
              Bill
      Corbett

            
	Title: 	Managing
      Director
	 	 
	Global
      Automotive Supply, Inc. (the “Company”)
	 
	By:	/s/
      Joseph DeFrancisci
	 	Joe
      DeFrancisci
	Title:	President and
      CEOex10_2.htm

    

       

      EXECUTIVE EMPLOYMENT
AGREEMENT

      

           The
Executive Employment Agreement (the “Agreement”) is effective as of December 15,
2007, (the “Effective Date”) and is between Global Automotive Supply, Inc, a
Nevada Corporation  (the “Company”) and Joseph L. DeFrancisci, (the
“Employee”).

      

      RECITALS:

      

                     WHEREAS,
the Company desires that the Employee become the President and Chief Executive
Officer of the Company.

      

                      WHEREAS,
the Employee desires to become the President and Chief Executive
Officer  of the Company.

           

      NOW,
THEREFORE, in consideration of the promises and mutual agreements herein set
forth, the parties hereby agree as follows:

      

      

      
        	
                1.

              	 
      	
                Term
      of Employment. The period of employment of Employee by the Company under
      the Agreement (the Employment Period) shall be deemed to have commenced on
      the Effective Date and shall continue until December 31, 2012, unless
      terminated sooner in accordance with the terms hereof.

                 

              
	
                2.

              	 
      	
                Duties.
      During his employment by the Company, the Employee shall perform such
      duties as are consistent with the role of President and CEO of the
      Company, including executive oversight and management of all business and
      financial operations and execution of all growth and business plans
      established by the Company and the Board from time to time. Unless
      otherwise agreed by the Company and Employee, Employee’s principal place
      of business with the Company shall be at 5422 Carrier Dr., Ste. 309,
      Orlando, Fl. 32819. Employee acknowledges and agrees that Employee owes a
      fiduciary duty of loyalty, fidelity and allegiance to act at all times in
      the best interests of the Company and to do no act that would injure the
      business, interests, or reputation of the Company or any of its
      Affiliates.

                 

              
	 
      
	
                3.

              	 
      	
                Compensation.

              

      

      

      
        	 
      	
                
                  (a)

                

              	 
      	
                
                  Base
      Salary. The Company shall pay to Employee  a base salary of
      $220,000 per year. However, until such time as the Company closes on it’s
      public merger and capital raise, Employee shall accept a lesser interim
      salary of $150,000 per year.  It is anticipated that the closing
      of this merger and/or financing will occur the first week
      of  February, 2008, and Employee shall begin drawing his regular
      salary at that time. There shall be no accrual up until that time of the
      difference.  Salary will be increased to $250,000 as soon as the
      compensation committee of the board of directors votes that company has
      sufficient sales and profit to afford it in keeping with industry
      standards.

                   

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (b)

                

              	 
      	
                
                  Incentive
      Bonus. In addition to the Base Salary, during the Term of the Agreement,
      Employee may, in the sole discretion of the Board of Directors, be awarded
      an incentive bonus based upon the performance of the Company in all of
      it’s business objectives, as determined by the Board of Directors from
      time to time in it’s sole discretion.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (c)

                

              	 
      	
                
                  Equity
      Compensation and Stock Options. The Employee shall be entitled to equity
      in the Company equal to 5% of the outstanding common shares of the Company
      once the public merger and private financing the Company is currently
      undertaking is closed.  This equity shall vest quarterly at 1⁄4 of
      1% each quarter for the five years of this Employment Agreement. However,
      in the event that the Company is sold during the term of this Agreement,
      at a profit (ie. a higher valuation than in the initial post money public
      pricing) the entire remaining equity component of this Agreement shall
      fully vest in Employee.  Employee shall be eligible to
      participate in any approved stock option programs implemented in the
      future.

                

              

      

       

      
        
          
          

        

        
           

          
            

          

        

        
          
          

        

      

       

      
        	 
      	
                
                  (d)

                

              	 
      	
                
                  Housing  and  Relocation
      Allowance.  Employee shall receive a temporary Housing Allowance
      of $10,000, payable at the rate of  $2,000 per month beginning
      February, 2008 and continuing for a period of 5 months
      thereafter.   Relocation costs to be paid by the company at
      cost and to include normal and reasonable moving
      expenses.  Mortgage points and real estate fees are not
      covered.

                

                
                   

                

              
	 
      	
                
                  e)

                

              	 
      	
                
                  Employee  will
      receive the use of an automobile, Audi A-8  or
      equivalent.  The value of the vehicle will be taxable in
      accordance with IRS regulations.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  f)

                

              	 
      	
                
                  Employee
      will also receive, at no cost to him, full health, dental and drug
      coverage for you and your family.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  g)

                

              	 
      	
                
                  Board
      of Directors Compensation. Employee  will serve as Chairman of
      the Board during the term of his employment and shall not be compensated
      for that service, as it shall be included in the compensation set forth
      herein, regardless of whether the Company compensates other
      Directors

                

                
                   

                

              

      

      
        

      

      
        	
                
                  4.

                

              	 
      	
                
                  Vacation.
      Employee shall be entitled to a reasonable vacation(s) during each year of
      her employment under the Agreement. Employee to take vacation as his
      duties and schedule permits.

                

                
                   

                

              
	
                
                  5.

                

              	 
      	
                
                  Reimbursement
      For Expenses. The Company shall reimburse the Employee within 30 days of
      the submission of appropriate documentation, and in no event later than
      the last day of the calendar year following the year in which an expense
      was incurred, for all reasonable and
      approved   travel  and entertainment expenses and
      other disbursements incurred by her for or on behalf of the Company in the
      course and scope of her employment under the Agreement.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  6.

                

              	 
      	
                
                  Remedies
      for Breach. In addition to the rights and remedies provided in
      Section 7, and without waiving the same if Employee breaches, or
      threatens to breach, any of the provisions of Sections 9 or 10, the
      Company shall have the following rights and remedies, in addition to any
      others, each of which shall be independent of the other and severally
      enforceable:

                

                
                   

                

              
	 
      	
                
                  (a)

                

              	 
      	
                
                  The
      right and remedy to have such provisions specifically enforced by any
      court having equity jurisdiction. Employee specifically acknowledges and
      agrees that any breach or threatened breach of the provisions of
      Sections 9 or 10 hereof will cause irreparable injury to the Company
      and that money damages will not provide an adequate remedy to the Company.
      Such injunction shall be available without the posting of any bond or
      other security. If the Employee is determined to have breached any
      provision of Sections 9 or 10 the court or arbitrators shall extend
      the effect of the non-competition provisions for an amount of time equal
      to the time the Employee was in breach thereof.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (b)

                

              	 
      	
                
                  (Intentionally
      Blank)

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (c)

                

              	 
      	
                
                  Upon
      discovery by the Company of a breach or threatened breach of
      Sections 9 or 10, the right to immediately suspend payments to
      Employee under Section 3 or 8(b) pending a resolution of the
      dispute.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (d)

                

              	 
      	
                
                  The
      right to terminate Employee’s employment pursuant to
      Section 7.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  7.

                

              	 
      	
                
                  Termination
      of Agreement.

                

              
	 
      
	 
      	
                
                  (a)

                

              	 
      	
                
                  Death.
      The Agreement shall automatically terminate upon the death of
      Employee.

                

              

      

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

       

      
        	 
      	
                
                  (b)

                

              	 
      	
                
                  Disability.
      If, as a result of Employee’s incapacity due to physical or mental
      illness, Employee shall have been substantially unable, either with or
      without reasonable accommodation, to perform her duties hereunder for an
      entire period of six (6) consecutive months, and within thirty
      (30) days after written Notice of Termination is given after such six
      (6) month period, Employee shall not have returned to the substantial
      performance of her duties on a full-time basis, the Company shall have the
      right to terminate Employee’s employment hereunder for Disability, and
      such termination in and of itself shall not be, nor shall it be deemed to
      be, a breach of the Agreement. Any dispute between the Employee and the
      Company regarding whether Employee has a Disability shall be determined in
      writing by a qualified independent physician mutually acceptable to the
      Employee and the Company. If the Employee and the Company cannot agree as
      to a qualified independent physician, each shall appoint a physician and
      those two physicians shall select a third who shall make such
      determination in writing. The determination of Disability made in writing
      to the Company and Employee shall be final and conclusive for all purposes
      of the Agreement. Employee acknowledges and agrees that a request by the
      Company for such a determination shall not be considered as evidence that
      the Company regarded the Employee as having a
      Disability.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (c)

                

              	 
      	
                
                  Termination
      By Company For Cause. The Company may terminate the Agreement upon written
      notice to Employee at any time for “Cause” in accordance with the
      procedures provided below; provided, however, that
      the Company may instead give the Employee a written notice that it has
      elected to place the Employee on “garden leave” for a period of up to 90
      days  and that the Agreement will terminate on the date
      immediately following the end of such garden leave period. If the Company
      elects to place the Employee on garden leave, the Company may during the
      period immediately preceding such termination date in its absolute
      discretion direct the Employee (i) to perform only such of her duties
      as the Company may direct; and/or, (ii) to refrain from contacting
      any customers, clients, advertisers, suppliers, agents, professional
      advisors, brokers or employees of the Company or any of its Affiliates (as
      defined in Section 12(b)(iii)); and/or, (iii) not to enter all
      or any premises of the Company or any of its Affiliates and/or;
      (iv) to immediately resign without claim for compensation from office
      as director of the Company and any of its Affiliates and from any other
      office held by him in the Company or any of its
      Affiliates.

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  (i)

                

              	 
      	
                
                  During
      any period when the provisions of the Section 7(c) are invoked, the
      Employee’s salary and other contractual benefits and compensation
      (including the vesting and exercisability of any equity awards) will
      continue to be paid or provided by the Company and the Employee will
      continue to comply without exception with all the Employee’s obligations
      under the Agreement. Notwithstanding anything herein to the contrary, the
      Company’s invocation of the provisions of the Section 7(c) shall
      not constitute Good Reason and the Company shall not be obligated to
      make any new awards under the Company’s Bonus Plan or equity compensation
      plans (other than awards, if any, due prior to the date that the Employee
      ceases to perform substantial duties for the Company pursuant to the
      Section 7(c)) during any period when the Employee is performing no
      substantial duties for the Company pursuant to the
      Section 7(c).

                

              
	 
      	
                
                  (d)

                

              	 
      	
                
                  For
      purposes of the Agreement, “Cause” shall mean:

                

                
                   

                

              	 
      

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

      
         

      

      
        	 
      	
                
                  (i)

                

              	 
      	
                
                  the
      material breach of any provision of the Agreement by Employee which has
      not been cured within five business (5) days after the Company
      provides notice of the breach to Employee; provided, however, if the act
      or omission that is the subject of such notice is substantially similar to
      an act or omission with respect to which Employee has previously received
      notice and an opportunity to cure, then no additional notice is required
      and the Agreement may be terminated immediately upon the Company’s
      election and written notice to Employee);

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (ii)

                

              	 
      	
                
                  the
      entry of a plea of guilty or judgment entered after trial finding Employee
      guilty of a crime punishable by imprisonment in excess of one year
      involving moral turpitude (meaning a crime that includes the commission of
      an act of gross dishonesty or bad morals);

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iii)

                

              	 
      	
                
                  willfully
      engaging by Employee in conduct that the Employee knows or reasonably
      should know is detrimental to the reputation, character or standing or
      otherwise injurious to the Company or any of its shareholders, direct or
      indirect subsidiaries and Affiliates, monetarily or
      otherwise;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iv)

                

              	 
      	
                
                  without
      limiting the generality of Section 7(c)(i), the breach or threatened
      breach of any of the provisions of Sections 9, 10 or 11;
      or

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (v)

                

              	 
      	
                
                  a
      ruling in any state or federal court or by an arbitration panel that the
      Employee has breached the provisions of a non-compete or non-disclosure
      agreement, or any similar agreement or understanding which would in any
      way limit, as determined by the Board of Directors of the Company, the
      Employee’s ability to perform under the Agreement now or in the
      future.

                

                
                   

                

              
	 
      	
                
                  (e)

                

              	 
      	
                
                  Termination
      By Company Without Cause. The Company may terminate the Agreement at any
      time, and for any reason, by providing at least thirty (30) days
      written notice to Employee.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (f)

                

              	 
      	
                
                  Termination
      By Employee With Good Reason. Employee may terminate his employment with
      good reason anytime after Employee has actual knowledge of the occurrence,
      without the written consent of Employee, of one of the following events
      (each event being referred to herein as “Good Reason”):

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  (i)

                

              	 
      	
                
                  (A) any
      change in the duties or responsibilities (including reporting
      responsibilities) of Employee that is inconsistent in any adverse
      respect

                

              

        
          
             

          

          
            4

            
              

            

          

          
             

          

        

      

       

      
        	 
      	 
      	 
      	
                
                  with
      Employee’s position(s), duties, responsibilities or status with the
      Company immediately prior to such change (including any diminution of such
      duties or responsibilities) or (B) an adverse change in Employee’s
      titles or offices (including, membership on the Board of Directors) with
      the Company;

                

                
                   

                

              
	 
      	
                
                  (ii)

                

              	 
      	
                
                  a
      reduction in Employee’s Base Salary or Bonus
      opportunity;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iii)

                

              	 
      	
                
                  the
      relocation of the Company’s principal executive
    offices;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iv)

                

              	 
      	
                
                  the
      failure of the Company to continue in effect any material employee benefit
      plan, compensation plan, welfare benefit plan or fringe benefit plan in
      which Employee is participating immediately prior to the date
      of  the Agreement or the taking of any action by the Company
      which would adversely affect Employee’s participation in or reduce
      Employee’s benefits under any such plan, unless Employee is permitted to
      participate in other plans providing Employee with substantially
      equivalent benefits;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (v)

                

              	 
      	
                
                  any
      refusal by the Company to continue to permit Employee to engage in
      activities not directly related to the business of the Company which
      Employee was permitted to engage in prior to the date of the
      Agreement;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (vi)

                

              	 
      	
                
                  the
      Company’s failure to provide in all material respects the indemnification
      set forth in the Company’s Articles of Incorporation, By-Laws, or any
      other written agreement between Employee and
  Company;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (vii)

                

              	 
      	
                
                  a
      Change in Control of the Company;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (viii)

                

              	 
      	
                
                  the
      failure of the Company to obtain the assumption agreement from any
      successor giving rise to a Change of Control as contemplated in
      Section 12 (a);

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (ix)

                

              	 
      	
                
                  any
      other breach of a material provision of the Agreement by the
      Company.

                

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                
                  For
      purposes of clauses (iii) through (vi) and (ix) above, an
      isolated, insubstantial and inadvertent action taken in good faith and
      which is remedied by the Company within ten (10) days after receipt
      of notice thereof given by Employee shall not constitute Good Reason.
      Employee’s right to terminate employment with Good Reason shall not be
      affected by Employee’s incapacity due to mental or physical illness and
      Employee’s continued employment shall not constitute consent to, or a
      waiver of rights with respect to, any event or condition constituting
      cause.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  8.

                

              	 
      	
                
                  Effect
      of Termination. Upon the termination of the Agreement, no rights of
      Employee which shall have accrued prior to the date of such termination,
      including the right to receive any bonus Fully-Earned through the date of
      such termination, shall be affected in any way.

                

                
                   

                

              
	 
      	
                
                  (a)

                

              	 
      	
                
                  Upon
      Death of Employee.

                

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                
                  During
      the Term, if Employee’s employment is terminated due to her death,
      Employee’s estate shall be entitled to receive the Base Salary set forth
      in Section 3 accrued through the date of death and any bonus
      Fully-Earned (as herein defined) through the date of such termination;
      provided, however, Employee’s estate shall not be entitled to any other
      benefits (except as provided by law or separate agreement). “Fully-Earned”
      shall mean that for purposes of determining whether the Employee shall be
      entitled to a bonus, that such Employee shall be treated as if she had
      been employed through the last date of the regular period for determining
      whether or not a bonus is payable in the standard manner that all such
      employees are evaluated even though Employee is no longer employed by the
      Company, and her eligibility for an incentive bonus, if any, shall be
      determined accordingly. Further, a surviving spouse of Employee shall be
      eligible for continuation of family benefits pursuant to Section 3(c)
      subject to compliance with Plan provisions at the full premium rate
      (Company plus employee portion) for a one year period after the date of
      termination.

                

              

      

       

      
        
          
          

        

        
          5

          
            

          

        

        
          
          

        

      

       

      
        	 
      	 
      	 
      	 
      
	 
      	
                
                  (b)

                

              	 
      	
                
                  For
      Disability; By Company Without Cause; By Employee with Good
      Reason.

                

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                
                  If
      the Agreement is terminated under Section 7 (b), (e) or
      (f):

                

              

      

      
        

      

      
        	 
      	
                
                  (i)

                

              	 
      	
                
                  Employee
      shall be entitled to receive his Base Salary set forth in Section 3
      accrued through the date of such termination and any bonus Fully-Earned
      through the date of such termination, and

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (ii)

                

              	 
      	
                
                  All
      unvested stock options and restricted stock grants previously awarded to
      Employee by the Company  shall remain in full force and effect
      as if no termination had occurred, and

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iii)

                

              	 
      	
                
                  If
      a Change of Control (x) has not then occurred,
      Company shall pay Employee, on or before the six month anniversary of the
      date of such termination an amount equal to three times his Base Salary,
      and (y) has then
      occurred (or is reasonably expected to occur), Company shall pay Employee
      on or before the six month anniversary of the date of such termination an
      amount equal to five times his Base Salary. Further, Employee shall be
      eligible for continuation of benefits pursuant to Section 3(h) subject to
      compliance with Plan provisions at the full premium rate (Company plus
      employee portion) until Employee obtains reasonably equivalent employment
      or for three (3) years from the date of termination, whichever is
      earlier. It shall be a condition precedent of payment to Employee of such
      payment and continued benefits pursuant to the Section 8(b) that Employee
      execute a full and complete release of the Company, each of its
      subsidiaries, Affiliates and their respective past, present and future
      partners, officers, directors, employees, consultants, attorneys, agents
      and shareholders, in form and substance reasonably acceptable to the
      Company, of any claims Employee may have against any of them, to the
      extent such claims arise from Employee’s employment hereunder, and any
      revocation period with respect to such release have expired, prior to the
      six month anniversary of the date of such termination,
      and

                

                
                   

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iv)

                

              	 
      	
                
                  Employee
      shall no longer be bound by the prohibitions contained in
      Section 10.3 and 10.4.2 hereof prohibiting Employee from engaging or
      having any interests in, directly or indirectly, in a competitive business
      or soliciting employees; provided, however, Employee shall remain bound by
      the further prohibition contained in Section 10.4.1,
      and

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (v)

                

              	 
      	
                
                  Except
      as provided for in the Section 8(b), Employee shall not have any
      rights which have not previously accrued upon termination of the
      Agreement.

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  (c)

                

              	 
      	
                
                  By
      Company With Cause

                

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                
                  In
      the event of termination of Employee’s employment Section 7(c) Employee
      shall be entitled to receive the Base Salary and benefits set forth in
      Section 3 accrued through the date of termination, and she shall not
      be entitled to any other benefits (except as required by
      law).

                

              
	 
      	 
      	 
      	 
      
	
                
                  9.

                

              	 
      	
                
                  Confidential
      Information.

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  (a)

                

              	 
      	
                
                  The
      Company shall disclose to Employee, or place Employee in a position to
      have access to or develop, trade secrets or confidential information of
      Company or its Affiliates; and/or shall entrust Employee with business
      opportunities of Company or its Affiliates; and/or shall place Employee in
      a position to develop business good will on behalf of Company or its
      Affiliates.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (b)

                

              	 
      	
                
                  The
      Employee acknowledges that in his employment hereunder he occupies a
      position of trust and confidence and agrees that he will treat as
      confidential and will not, without prior written authorization
      

                

              

      

       

      
        
          
          

        

        
          6

          
            

          

        

        
          
          

        

      

       

      
        	 	 	 	from
      the Company, directly or indirectly, disclose or make known to any person
      or use for his own benefit or gain, the methods, process or manner of
      accomplishing the business undertaken by the Company or its Affiliates, or
      any non-public information, plans, formulas, products, trade secrets,
      marketing or merchandising strategies, or confidential material or
      information and instructions, technical or otherwise, issued or published
      for the sole use of the company, or information which is disclosed to the
      Employee or in any acquired by him during the term of the Agreement, or
      any information concerning the present or future business, processes, or
      methods of operation of the Company or its Affiliates, or concerning
      improvement, inventions or know how relating to the same or any part
      thereof, it being the intent of the Company, with which intent the
      Employee hereby agrees, to restrict him from disseminating or using for
      her own benefit any information belonging directly or indirectly to the
      Company which is unpublished and not readily available to the general
      public.
	 
      	
                
                  (c)

                

              	 
      	
                
                  The
      confidentiality obligations set forth in (a) and (b) of the
      Section 9 shall apply during Employee’s employment and for a period
      of one year after termination of employment.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (d)

                

              	 
      	
                
                  All
      information, ideas, concepts, improvements, discoveries, and inventions,
      whether patentable or not, that are conceived, made, developed or acquired
      by Employee, individually or in conjunction with others, during Employee’s
      employment with Company (whether during business hours or otherwise and
      whether on the premises of the Company or one of its Affiliate or
      otherwise) that relate to the business, products or services of the
      Company or any of its Affiliates shall be disclosed to the Board of
      Directors and are and shall be the sole and exclusive property of the
      Company or such Affiliate. Moreover, all documents, drawings, memoranda,
      notes, records, files, correspondence, manuals, models, specifications,
      computer programs, e-mail, voice mail, electronic data bases, maps and all
      other writings and materials of any type embodying any such information,
      ideas, concepts, improvements, discoveries and inventions are and shall be
      the sole and exclusive property of the Company. Upon termination of
      Employee’s employment by the Company, for any reason, Employee promptly
      shall deliver the same, and all copies thereof, to the
      Company.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (e)

                

              	 
      	
                
                  If,
      during Employee’s employment by the Company, Employee creates any work of
      authorship fixed in any tangible medium of expression that is the subject
      matter of copyright (such as video tapes, written presentations, or
      acquisitions, computer programs, e-mail, voice mail, electronic data
      bases, drawings, maps, architectural renditions, models, manuals,
      brochures or the like) relating to the Company’s business, products or
      services, whether such work is created solely by Employee or jointly with
      others (whether during business hours or otherwise and whether on the
      Company’s premises or otherwise), the Company shall be deemed the author
      of such work if the work is prepared by Employee in the scope of
      Employee’s employment.

                

                
                   

                

              
	
                
                  10.

                

              	 
      	
                
                  Restrictive
      Covenants

                

              
	 
      	 
      	 
      
	
                
                  10.1

                

              	 
      	
                
                  For
      the purposes of the Section, the following words have the following
      meanings:

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  10.1.1

                

              	 
      	
                
                  “Company
      Services” means any services (including but not limited to technical and
      product support, technical advice, underwriting and customer services)
      supplied by the Company or its Affiliates in the specialty property and/or
      casualty insurance business;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.2

                

              	 
      	
                
                  “Confidential
      Information” has the meaning ascribed thereto in
      Section 9;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.3

                

              	 
      	
                
                  “Customer”
      means any person or firm or company or other organization whatsoever to
      whom or which the Company supplied Company Services during the Restricted
      Period and with whom or which, during the Restricted
      Period:

                

                
                  (a)  the
      Employee had material personal dealings pursuant to her employment;
      or

                

              
	 
      	 
      	 
      	
                
                  (b)  any
      employee who was under the direct or indirect supervision of the Employee
      had material personal dealings pursuant to their
      employment.

                

              
	 
      	 
      	 
      	 
      

      

       

      
        
          
          

        

        
          7

          
            

          

        

        
          
          

        

      

       

      
        	 
      	
                
                  10.1.5

                

              	 
      	
                
                  “Prospective
      Customer” means any person or firm or company or other organization
      whatsoever with whom or which the Company or its Affiliates shall have had
      negotiations or material discussions regarding the possible distribution,
      sale or supply of Company Services during the Restricted Period and with
      whom or which during such period:

                

                
                  (a)  the
      Employee shall have had material personal dealings pursuant to her
      employment; or

                

                
                  (b)  any
      employee who was under the direct or indirect supervision of the Employee
      shall have had material personal dealings pursuant to their employment;
      or

                

                
                  (c)  the
      Employee was directly responsible in a client management capacity on
      behalf of the Company.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.6

                

              	 
      	
                
                  “Restricted
      Area” means:

                

              
	 
      	 
      	 
      	 
      
	 
      	 
      	 
      	
                
                  (a)  any
      geographic area in which the Company or Affiliates provided Restricted
      Services and for which the Employee was responsible in the 12 months
      preceding the date of Employee’s termination of employment by the
      Company.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.7

                

              	 
      	
                
                  “Restricted
      Employee” means any person who on the date of Employee’s termination of
      employment by the Company was at the level of director, manager,
      underwriter or salesperson with whom the Employee had material contact or
      dealings in the course of her Employment during the Restricted
      Period;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.8

                

              	 
      	
                
                  “Restricted
      Period” means the period of 12 months ending on the last day of the
      Employee’s employment with the Company or, in the event that no duties
      were assigned to the Employee or the Employee was placed upon garden
      leave, the 12 months immediately preceding the last day on which the
      Employee carried out any duties for the Company;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.1.10

                

              	 
      	
                
                  “Restricted
      Services” means Company Services or any services of the same or of a
      similar kind.

                

                
                   

                

              
	
                
                  10.2

                

              	 
      	
                
                  The
      Employee recognizes that, whilst performing her duties for the Company,
      she will have access to and come into contact with trade secrets and
      confidential information belonging to the Company and its Affiliates and
      will obtain personal knowledge of and influence over its or their
      customers and/or employees. The Employee therefore agrees that the
      restrictions set out in the Section are reasonable and necessary to
      protect the legitimate business interests of the Company and its
      Affiliates both during and after the termination of her
      employment.

                

              
	 
      
	
                
                  10.3

                

              	 
      	
                
                  The
      Employee hereby undertakes with the Company that he will not during her
      employment with the Company and for the period of twelve months after she
      ceases to be employed by the Company whether by himself through her
      employees or agents or otherwise howsoever and whether on her own behalf
      or on behalf of any other person, firm, company or other organization,
      directly or indirectly:

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  10.3.1

                

              	 
      	
                
                  in
      competition with the Company or its Affiliates within the Restricted Area,
      be employed or engaged or otherwise interested in the business of
      researching into, developing, underwriting, distributing, selling,
      supplying or otherwise dealing with Restricted Services;
      or

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.3.2

                

              	 
      	
                
                  in
      competition with the Company or its Affiliates, accept orders or
      facilitate the acceptance of any orders or have any business dealings for
      Restricted Services from any Customer or Prospective Customer;
      or

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.3.3

                

              	 
      	
                
                  employ
      or otherwise engage in the business of or be personally involved to a
      material extent in employing or otherwise engaging in the business of
      researching into, developing, distributing, selling, supplying or
      otherwise dealing with Restricted Services, any person who was during the
      Restricted Period employed or otherwise engaged by the Company and who by
      reason of such employment or engagement is reasonably likely to be in
      possession of any trade secrets or Confidential Information relating to
      the business of the Company.

                

                
                   

                

              

      

       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

      

       

      
        	
                
                  10.4

                

              	 
      	
                
                  The
      Employee hereby undertakes with the Company that she shall not during her
      employment with the Company and for the period of 12 months after she
      ceases to be employed by the Company without the prior written consent of
      the Company whether by himself through her employees or agents or
      otherwise howsoever and whether on her own behalf or on behalf of any
      other person, firm, company or other organization directly or
      indirectly:

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  10.4.1

                

              	 
      	
                
                  in
      competition with the Company, solicit business from or endeavor to entice
      away or canvass any Customer or Prospective Customer if such solicitation
      or canvassing is in respect of Restricted
  Services;

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.4.2

                

              	 
      	
                
                  solicit
      or induce or endeavor to solicit or induce any Restricted Employee to
      cease working for or providing services to the Company, whether or not any
      such person would thereby commit a breach of
    contract.

                

              
	
                
                  10.5

                

              	 
      	
                
                  The
      benefit of Sections 10.3 and 10.4 shall be held on trust by the
      Company for each of its Affiliates and the Company reserves the right to
      assign the benefit of such provisions to any of its Affiliates, in
      addition such provisions also apply as though there were substituted for
      references to “the Company” references to each of its Affiliates in
      relation to which the Employee has in the course of her duties for the
      Company or by reason of rendering services to or holding office in such
      Affiliate:

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  10.5.1

                

              	 
      	
                
                  acquired
      knowledge of its trade secrets or Confidential Information;
      or

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  10.5.2

                

              	 
      	
                
                  had
      material personal dealings with its Customers or Prospective Customers;
      or

                

              
	 
      	
                
                  10.5.3

                

              	 
      	
                
                  supervised
      directly or indirectly employees having material personal dealings with
      its Customers or Prospective Customers but so that references in
      Section 10 to “the Company” shall for the purpose be deemed to be
      replaced by references to the relevant Affiliate. The obligations
      undertaken by the Employee pursuant to the Section 10.5 shall, with
      respect to each Affiliate of the Company, constitute a separate and
      distinct covenant and the invalidity or unenforceability of any such
      covenant shall not affect the validity or enforceability of the covenants
      in favour of any other Affiliate or the Company.

                

                
                   

                

              
	
                
                  10.6

                

              	 
      	
                
                  The
      parties agree that the periods referred to in Sections 10.3 and 10.4
      above will be reduced by one day for every day, during which, at the
      Company’s direction the Employee has been excluded from the Company’s
      premises and has not carried out any duties.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  10.7

                

              	 
      	
                
                  While
      the restrictions in the Section 10 (on which the Employee has had the
      opportunity to take independent advice, as the Employee hereby
      acknowledges) are considered by the parties to be reasonable in all the
      circumstances, it is agreed that if any such restrictions, by themselves,
      or taken together, shall be adjudged to go beyond what is reasonable in
      all the circumstances for the protection of the legitimate interests of
      the Company or its Affiliates but would be adjudged reasonable if part or
      parts of the wording thereof were deleted, the relevant restriction or
      restrictions shall apply with such deletion(s) as may be necessary to make
      it or them valid and effective.

                

                
                   

                

              
	
                
                  11.

                

              	 
      	
                
                  [Intentionally
      blank]

                

              
	 
      	 
      	 
      
	
                
                  12

                

              	 
      	
                
                  Change
      Of Control.

                

                
                   

                

              

      

      
        

      

      
        	 
      	
                
                  (f)

                

              	 
      	
                
                  For
      purposes of the Agreement, a “Change of Control” shall be deemed to occur
      if:

                

                
                   

                

              	 
      	 
      
	 
      	
                
                  (i)

                

              	 
      	
                
                  Any
      Person, other than (1) the Company or any of its subsidiaries,
      (2) a trustee or other fiduciary holding securities under an employee
      benefit plan of the Company or any of its Affiliates, (3) an
      underwriter temporarily holding securities pursuant to an offering of such
      securities, or (4) a corporation owned, directly or indirectly, by
      the shareholders of the Company in substantially the same proportions as
      their ownership of stock of the Company, is or becomes the Beneficial
      Owner, directly or indirectly, of securities of the Company (not including
      in the securities beneficially owned by such person any securities
      acquired directly from the Company or its Affiliates) representing 50% or
      more of the combined voting power of the Company’s then outstanding
      securities, or 50% or more of the then outstanding common stock of the
      Company, excluding any Person who becomes such a Beneficial Owner
      in connection with a merger or consolidation of the Company described
      in (ii) below.

                

              

      

       

      
        
          
          

        

        
          9

          
            

          

        

        
          
          

        

      

       

      
        	 
      	 
      	 
      	 
      	 
      
	 
      	
                
                  (ii)

                

              	 
      	
                
                  There
      is consummated a merger or consolidation of the Company or any direct or
      indirect subsidiary of the Company with any other corporation, except if:
      (A) the merger or consolidation would result in the voting securities
      of the Company outstanding immediately prior thereto continuing to
      represent (either by remaining outstanding or by being converted into
      voting securities of the surviving entity or any parent thereof) at least
      fifty percent (50%) of the combined voting power of the voting securities
      of the Company or such surviving entity or any parent thereof outstanding
      immediately after such merger or consolidation; or (B) the merger or
      consolidation is effected to implement a recapitalization of the Company
      (or similar transaction) in which no Person is or becomes the beneficial
      owner, directly or indirectly, of securities of the Company (not including
      in the securities beneficially owned by such Person any securities
      acquired directly from the Company or its Affiliates other than in
      connection with the acquisition by the Company or its Affiliates of a
      business) representing 50% or more of the combined voting power of the
      Company’s then outstanding securities;

                

              	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                
                  (iii)

                

              	 
      	
                
                  The
      shareholders of the Company approve a plan of complete liquidation or
      dissolution of the Company or an agreement for the sale or disposition by
      the Company of all or substantially all the Company’s assets, other than a
      sale or disposition by the Company of all or substantially all of the
      Company’s assets to an entity, at least 50% of the combined voting power
      of the voting securities of which are owned by the stockholders of the
      Company in substantially the same proportions as their ownership of the
      Company immediately prior to such sale.

                

              	 
      
	 
      	 
      	 
      	 
      	 
      
	 
      	
                
                  (iv)

                

              	 
      	
                
                  During
      any one year period, individuals who at the beginning of the period
      constitute the Board of Directors of the Company cease for any reason to
      constitute a majority of the Board of Directors.

                

                
                   

                

              	 
      
	 
      	
                
                  (g)

                

              	 
      	
                
                  For
      purposes of the Section 12:

                

                
                   

                

              	 
      	 
      

      

      
        

      

      
        	 
      	
                
                  (i)

                

              	 
      	
                
                  The
      term “Person” shall have the meaning
      given in Section 3(a)(9) of the 1934 Act as modified and used in Sections
      13(d) and 14(d) of the 1934 Act.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (ii)

                

              	 
      	
                
                  The
      term “Beneficial Owner” shall have the meaning provided in Rule 13d-3
      under the 1934 Act.

                

              
	 
      	 
      	 
      	 
      
	 
      	
                
                  (iii)

                

              	 
      	
                
                  The
      term “Affiliate” means, with respect to any individual or a corporation,
      partnership, trust, incorporated or unincorporated association, joint
      venture, limited liability company, joint stock company, government (or an
      agency or political subdivision thereof) or other entity of any kind (each
      a “person”), any other person that directly or indirectly controls or is
      controlled by or under common control with such person. For the purposes
      of the definition, “control” when used with respect to any person, means
      the possession, direct or indirect, of the power to direct or cause the
      direction of the management and policies of such person, whether through
      the ownership of voting securities, by contract or otherwise; and the
      terms of “affiliated”, “controlling” and “controlled” have meanings
      correlated to the foregoing.

                

              

      

       

      
        	
                
                  13.

                

              	 
      	
                
                  Successors
      and Assigns. The Agreement is personal in its nature and neither of the
      parties hereto shall, without the consent of the other, assign or transfer
      the Agreement or any rights or obligations hereunder, provided, however,
      that the provisions hereof shall enure to the benefit of, and be binding
      upon, each successor of the Company, whether by merger, consolidation,
      acquisition or otherwise, unless otherwise agreed to by the Employee and
      the Company.

                

                
                   

                

              	 
      

      

      
         

        
          
            
            

          

          
            10

            
              

            

          

          
            
            

          

        

         

      

      
        	
                
                  14.

                

              	 
      	
                
                  Notices.
      Any notice required or permitted to be given to the Employee pursuant to
      the Agreement shall be sufficiently given if sent to the Employee by
      registered or certified mail addressed to the Employee at 7318 Wind Dance
      Parkway, Greenville IN 47124, or at such other address as she shall
      designate by notice to the Company, and any notice required or permitted
      to be given to the Company pursuant to the Agreement shall be sufficiently
      given if sent to the Company by registered or certified mail addressed to
      it at 5422 Carrier Dr., Ste. 309, Orlando, Fl. 32819, or at such
      other address as it shall designate by notice to the
      Employee.

                

                
                   

                

              
	
                
                  15.

                

              	 
      	
                
                  Invalid
      Provisions. The invalidity or unenforceability of a particular provision
      of the Agreement shall not affect the enforceability of any other
      provisions hereof and the Agreement shall be construed in all respects as
      if such invalid or unenforceable provision were
omitted.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  16.

                

              	 
      	
                
                  Amendments
      To The Agreement. The Agreement may only be amended in writing by an
      agreement executed by both parties hereto.

                

                
                   

                

              
	
                
                  17.

                

              	 
      	
                
                  Entire
      Agreement. The Agreement contains the entire agreement of the parties
      hereto and supersedes any and all prior agreements, oral or written, and
      negotiations between said parties regarding the subject matter contained
      herein.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  18.

                

              	 
      	
                
                  Applicable
      Law and Venue. The Agreement is entered into under, and shall be governed
      for all purposes, by the laws of the State of Florida, with venue of any
      lawsuit between the parties in the State of
  Florida.

                

              

      

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      
         

      

      
        	 
      
	
                
                  19.

                

              	 
      	
                
                  No
      Waiver. No failure by either party hereto at any time to give notice of
      any breach by the other party of, or to require compliance with, any
      condition or provision of the Agreement shall be deemed a waiver of
      similar or dissimilar provisions or conditions at the same or at any prior
      or subsequent time.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  20.

                

              	 
      	
                
                  Severability.
      If a Court of competent jurisdiction determines that any provision of the
      Agreement is invalid or unenforceable, then the invalidity or
      unenforceability of that provision shall not affect the validity or
      unenforceability of any other provision of the Agreement, and all other
      provisions shall remain in full force and effect.

                

                
                   

                

              
	
                
                  21.

                

              	 
      	
                
                  Counterparts.
      The Agreement may be executed in one or more counterparts, each of which
      shall be deemed to be an original, but all of which together will
      constitute one in the same agreement.

                

                
                   

                

              

      

      
        

      

      
        	
                
                  22.

                

              	 
      	
                
                  Withholding
      of Taxes and Other Employee Deductions. The Company may withhold from any
      benefits and payments made pursuant to the Agreement all federal, state,
      city and other taxes as may be required pursuant to any law or
      governmental regulation or ruling and any and all other normal employee
      deductions made with respect to the Company’s employees
      generally.

                

                
                   

                

              
	
                
                  23.

                

              	 
      	
                
                  Section 409A
      of the Code. The provisions of the Agreement and any payments made herein
      are intended to comply with, and should be interpreted consistent with,
      the requirements of Section 409A of the Code, and any related
      regulations or other effective guidance promulgated thereunder
      (collectively, “Section 409A”). The time or schedule of a payment to
      which the Executive is entitled under the Agreement may be accelerated at
      any time that the Agreement fails to meet the requirements of
      Section 409A and any such payment will be limited to the amount
      required to be included in the Executive’s income as a result of the
      failure to comply with Section 409A. Reference herein to termination
      of employment shall be deemed to mean a separation from
      service.

                

              
	 
      	 
      	 
      
	 
      	 
      	
                
                  In
      witness whereof, the parties hereto have executed the Agreement as of the
      day and year above written.

                

              

      

      

      
        	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                Global
      Automotive Supply, Inc

                 

              	 
      	 
      	 
      	
                Employee:

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                By:

              	 
      	
                /s/
      Dan Valladao

              	 
      	 
      	 
      	
                /s/
      Joseph L.
      DeFrancisci

              
	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	 
      	 
      	
                Dan
      Valladao ,

                Board
      of Directors of

                Global
      Automotive Supply, Inc

              	 
      	 
      	 
      	
                Joseph
      L. DeFrancisci

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