Document:

<PAGE>

                                                                    EXHIBIT 10.6

                 SUMMARY OF NAMED EXECUTIVE OFFICER COMPENSATION

EXECUTIVE COMPENSATION

On February 15, 2005, after consideration of presentations and recommendations
of management and independent compensation consultants, and such other matters
and information as deemed appropriate, the Compensation Committee (the
"Committee") of the Board of Directors of the Company approved the following
bonuses for 2004 and set the following salaries for 2005 for the named executive
officers set forth in the table below:

<TABLE>
<CAPTION>
                                                      AMOUNT OF              AMOUNT OF
EXECUTIVE OFFICER               TITLE                2004 BONUS             2005 SALARY
-------------------       -----------------          ----------             ------------
<S>                       <C>                        <C>                    <C>
David H. Lissy            CEO                        $  294,000             $  280,000
Mary Ann Tocio            President and COO          $  294,000             $  280,000
Elizabeth J. Boland       CFO and Treasurer          $  120,000             $  210,000
Stephen I. Dreier         CAO and Secretary          $   55,572             $  190,800
</TABLE>

Cash Incentive Plan. The Committee adopted a cash incentive plan for named
executive officers for 2005 (the "Bonus Plan"). Pursuant to the Bonus Plan, each
named executive officer is eligible for an annual target cash bonus award equal
to the percentage of annual salary set forth in the table below (the "Base
Bonus"). In addition to the Base Bonus, the Chief Executive Officer and
President and Chief Operating Officer are eligible to receive up to 150% of the
Base Bonus for significant overachievement of performance expectations (the
"Incremental Bonus"), providing the Chief Executive Officer and President and
Chief Operating Officer with a maximum bonus potential of up to 105% of their
annual salary. No specific performance criteria or specific performance goals
have been established under the Bonus Plan. Instead, awards will be made at the
Committee's discretion.

<TABLE>
<CAPTION>
                                       BASE BONUS           INCREMENTAL BONUS
        EXECUTIVE OFFICER          (% OF 2005 SALARY)       (% OF 2005 SALARY)
        -----------------          ------------------       ------------------
<S>                                <C>                      <C>
        David H. Lissy                     70%                       35%
        Mary Ann Tocio                     70%                       35%
        Elizabeth J. Boland                50%                       N/A
        Stephen I. Dreier                  30%                       N/A
</TABLE>4th AMENDMENT TO LEASE AGREEMENT

 

Exhibit 10.1

THE FOURTH AMENDMENT TO LEASE AGREEMENT

     THE FOURTH AMENDMENT TO LEASE AGREEMENT (this “Amendment”) is made and entered into this 1st
of April 2004, by and between Flake & Kelley Management, Inc. Agent for Owner, (“Landlord”) and
D.A.C. Technologies, (“Tenant”).

RECITALS:

	 	A.  	Landlord and Tenant heretofore entered into that certain Lease Agreement (the
“Original Lease”) dated January 14, 1999, covering certain premises containing
approximately 5,405 square feet, located at 1601 Westpark Drive, Little Rock, Arkansas, as
more particularly described in the Lease, at the rental and upon the terms and conditions
set forth therein. The Original Lease was modified by that certain First Amendment to
Lease Agreement dated February 12, 2001, made and entered into by and between Landlord and
Tenant extending the lease term through January 31, 2002. The original lease was modified
by that certain Second Amendment to Lease Agreement dated February 18, 2002 made and
entered into by and between Landlord and Tenant extending the lease term through January
31, 2003. The original lease was modified by that certain Third Amendment to Lease
Agreement dated Match 25, 2003 made and entered into by and between Landlord and Tenant
extending the lease term through January 31, 2004. The Original Lease, as modified by the
Amendments, is hereinafter referred to collectively as the “Lease”.
	 
	 	B.  	Landlord and Tenant desire to extend and amend the lease in the manner set forth
below.

     NOW, THEREFORE, for and in consideration of the premises, the mutual covenants and
agreements herein contained, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged and confessed by each of the parties hereto, Landlord and Tenant
hereby agree to extend and amend the Lease as follows:

AGREEMENTS:

	 	1.  	Lease in Full Force. All of the terms, covenants, provisions and agreements
contained in the Lease, including without limitation, any exhibits and addenda thereto,
shall be and remain in full force and effect except as the same are extended and amended
by this Amendment.
	 
	 	2.  	Leased Premises. Effective May 1, 2004 the leased premises shall be modified
from Suite 4C to Suites lB and Suite 2 consisting of approximately 16,610 square feet as
outlined on the attached Exhibit “A’.
	 
	 	3.  	Lease Term. Commencing on the Commencement Date and continuing until April
30. 2005.
	 
	 	4.  	Monthly Rent. The monthly rental shall be amended effective May 1, 2004 to
$5,536.67 per mouth.
	 
	 	5.  	Renewal Qption. In addition, if no default shall have occurred and be
continuing hereunder, Owner grants Tenant an option to extend said lease herein for two
(2) additional terms of one (1) year. The option terms shall be exercised by Tenant
sending

 

 

	 	   	notice to Owner not less than ninety (90) days prior to expiration of the lease term. The
monthly rental during the each option term shall be $6,436.38.
	 
	 	6.  	Remodel Expense. Tenant, at Tenant’s expense will construct four or five
offices in the office area of the leased premises. Tenant, at Tenant’s expense will
replace the carpet in the office area of the leased premises. Tenant shall provide to
Landlord a copy of the invoices from the contractors for the work completed along with
evidence of payment made to the contractors.
	 
	 	7.  	Agency Disclosure. Flake and Kelley Management, Inc is the Agent for the
ownership entity. John Flake and Hank Kelley are principals of Flake and Kelley
Management, Inc. and the ownership entity.

     IN WITNESS WHEREOF, Landlord and Tenant have executed this amendment on the duties shown below
their signatures.

	 	 	 
	LANDLORD:

	 	Flake and Kelley Management, Inc. Agent for Owner

By: /s/

Title: President

Date: 4/3/04
	 
	 	 
	TENANT:

	 	D.A.C. Technologies

By: /s/ Bob Goodwin, CFO

Title: CFO

Date: 4/1/04EMPLOYMENT AGREEMENT

 

Exhibit 10.3

EMPLOYMENT AGREEMENT

     This Employment Agreement, dated this 1st day of December, 2000, is between Dac Technologies
Group International, Inc., a Florida corporation (the “Company”), and David A. Collins
(“Employee”).

WITNESSETH:

     WHEREAS, the Company desires to employ Employee and to ensure the continued availability to
the Company of the Employee’s services, and the Employee is willing to accept such employment and
render such services, all upon and subject to the terms and conditions contained in this Agreement;

     NOW, THEREFORE, in consideration of the promises and the mutual covenants set forth in this
Agreement, and intending to be legally bound, the Company arid the Employee agree as follows:

1. Term of Employment.

(a) Term. The Company hereby employs the Employee, and the Employee hereby accepts
employment with the Company, for a five (5) year period commencing on the date of this Agreement
(the “Stated Term”). Thereafter unless Employee has been Terminated in accordance with Paragraph 5
below, the Agreement shall be renewable for an additional five year period, under the same terms
and conditions contained herein, at the option of Employee. Exercise of said option shall be in
writing no less than 90 days prior to the expiration of the original five year period.

(b) Continuing Effect. Notwithstanding any termination of this Agreement at the end of the
Stated Term or any option period, the provisions of Sections 6 and 7 shall remain in full force and
effect.

2. Duties.

(a) General Duties. The Employee shall serve as Chairman and Chief Executive Officer of the
Company, with duties and responsibilities that are customary for such Employee under Florida law or
other laws, and rules and regulations to which the Company may be subject including its own
internal rules. The precise duties may be extended or curtailed at the discretion of Employer
either orally or in writing. Employee recognizes that the Company is regulated by the federal and
state governments, including the United States Securities and Exchange Commission and the National
Association of Securities Dealers. The Employee shall maintain all necessary licenses and skills
for the rendering of said services required of him by the Company and the regulatory authorities.
Should sales revenues, commissions, or other forms of compensation be generated from Employee’s
activities, they shall be paid directly to the Company and not to Employee. The Employee will use
his best efforts to perform his duties and discharge his responsibilities pursuant to this
Agreement competently, carefully and faithfully.

(b) Devotion of Time. The Employee will devote his frill time, attention arid energies
during normal business hours (exclusive of periods of sickness and disability and of such normal
holiday and vacation periods as have been established by the Company) to the affairs of the Company
which he believes to be reasonably necessary to effectuate the Company’s goals. Any outside
employment activities must be approved in advance by the Company.

 

 

(c) Location. The Employee will perform his services at the Company offices located in the
Fort Lauderdale, Florida area, or at such other location or locations as the Company may expand
into.

3. Compensation and Expenses.

(a) Salary. For services of the Employee to be rendered under this Agreement, the Company
will pay the Employee an annual base salary of $120,000 per annum during the first year of this
Agreement. For each subsequent year, Employee shall receive a 10% increase in base salary, assuming
that the Company is profitable. The Company will pay the Employee his annual salary in equal
installments no less frequently than semi-monthly. Bonuses or other benefits may also be awarded at
the Company’s discretion.

(b) Expenses. In addition to any compensation received pursuant to Section 3(a), the
Company will reimburse or advance funds to the Employee for all reasonable travel, entertainment
and miscellaneous expenses incurred in connection with the performance of his duties under this
Agreement. Such reimbursement or advances will be made in accordance with the policies and
procedures of the Company in effect from time to time relating to reimbursement of or advances to
Employee.

4. Benefits.

(a) Vacation. Employee shall be entitled to three weeks paid vacation in each calendar
year during the term of this Agreement.

(b) Medical. Employee shall receive at no cost to Employee, medical and dental insurance
for Employee and any eligible dependents under any such plans that the Company has in effect.

(c) Stock Options. The Company has established an Employee Non-Qualified Stock Option Plan
(“Stock Option Plan”). Employee shall be granted options to purchase a minimum of 35,000 shares of
the Company’s stock during each year of this Agreement. Said options shall be granted every six
months, in the amount of 17,500 shares each, under such terms and conditions as established by the
Company’s Stock Option Plan. The Company may, at its discretion, award additional options to
Employee in excess of 35,000 per year.

5. Termination.

(a) Termination Without
Cause – By The Company. They Company may not terminate this
Agreement without cause.

(b) Termination Without
Cause – By the Employee. The Employee may terminate this Agreement
at any time upon 30 days advance written notice to the Company. Employee agrees to perform all
duties up to the date of termination. In the event that a competent replacement can not be found by
the Company during the 30 day notice period, Employee agrees to extend the notice period and
continue to perform his duties until such replacement can be obtained, but in no circumstance will
Employee be required to extend the notice period more than an additional 60 days. Should Employee
elect to terminate this Agreement under the terms of this paragraph, the Company will discontinue
payment of benefits as provided in Section 4, except that, any stock options already granted will
remain in force under the terms and conditions for which they were originally granted.

2

 

(c) Termination for Cause. The Company may terminate the Employee’s employment pursuant to
the terms of this Agreement at any time for cause by giving written notice of termination,
detailing the exact conditions it believes exist that allow for such termination. Such termination
will become effective upon the giving of such notice. Upon any such termination for cause, the
Employee shall cease to receive compensation, bonus or reimbursement under Section 3 and Section 4.
For purposes of this Section 5(c), “cause” shall mean: (i) the Employee is convicted of a felony;
(ii) the Employee misappropriates Company funds or otherwise defrauds the Company; (iii) the
Employee materially breaches any provision of Section 6 or Section 7, (iv) the Employee fails to
abide by the rules and regulations which regulate the Company’s business.

(d) Death or Disability. This Agreement and the obligations of the Company hereunder will
terminate upon the death or disability of the Employee. For purposes of this Section 5(d),
“disability” shall mean that Employee is incapable of substantially fulfilling the duties set forth
in Section 2 because of physical, mental or emotional incapacity resulting from injury, sickness or
disease. Upon any such termination upon death or disability, the Company will pay the Employee or
his legal representative, as the case may be, his annual salary at such time pursuant to Section
3(a) through the date of such termination of employment. Any stock options granted to Employee
shall remain in effect under the terms and conditions as provided by the Stock Option Plan.

(e) Continuing Effect. Notwithstanding any termination of the Employee’s employment as
provided in this Section 5, the provisions of Sections 6 and 7 shall remain in full force and
effect.

6. Noncompetition Agreement.

(a) Competition with the Company. During (i) the period in which the Employee is being paid
by the Company pursuant to Section 3 or 5 and (ii) for a period of twelve (12) months, commencing
on the date of termination of the period referred to clause (i) the Employee, directly or
indirectly, in association with or as a stockholder, director, officer, consultant, employee,
partner, joint venturer, member or otherwise of or through any person, firm, corporation,
partnership, association or other entity, will not provide his services similar to those provided
for the Section 2(a) to any competitor of the Company, or engage in any business activity in direct
competition with the Company (“Prohibited Business”). The foregoing shall not prohibit Employee
from owning 5% of the securities of any publicly traded enterprise or prohibit Employee from
providing his services to any entity not engaged in business activities similar to the Company.

(b) Solicitation of Clients and Customers. Employee recognizes and acknowledges that the
clients and customers of the Company were developed over many years and are a result of the
expenditure by the Company of enormous resources including time and money. This being so, Employee,
directly or indirectly, will not solicit, service or contact any client or customer (as defined
below) on behalf of any enterprise or business other than the Company, for the purpose of seeking
or obtaining Prohibited Business from such client or customer, or referring Prohibited Business
from any client or Customer to any enterprise or business other than the Company or be paid
commissions based on sales relating to the Prohibited Business received from any customer by any
enterprise or business other than the Company. For purposes of this Section 6(b), the term “client”
or “customer” means any person, firm, corporation, partnership, association or other entity to
which the Company has sold or provided goods or services. The term “client” or “customer” shall
also include “prospects” with whom the Company was negotiating the sale of its goods or services
during the period of Employee’s employment.

3

 

(c) No Payment. The Employee acknowledges and agrees that no separate or additional payment
will be required to be made to him in consideration of his undertakings in this Section 6.

7. Nondisclosure of Confidential Proprietary and/or Trade Secret Information. Employee
acknowledges that during his employment he will learn and will have access to confidential,
proprietary and/or trade secret information regarding the Company and its affiliates, including
without limitation (i) confidential or secret plans, programs, documents, agreements, services or
activities of the Company and (ii) trade secrets, market reports, customer investigations, customer
and client lists and other similar information that is proprietary information of the Company
(collectively referred to as “confidential information”).

Employee acknowledges that such confidential information as is acquired and used by the Company is
a special, valuable and unique asset. All records, files, materials and confidential information
obtained by the Employee in the course of his employment with the Company are confidential and
proprietary and shall remain the exclusive property of the Company. The Employee will not, except
in connection with and as required by his performance of his duties under this Agreement, for any
reason use for his own benefit or the benefit of any person or entity with which he may be
associated or disclose any such confidential information to any person, firm, corporation,
association or other entity for any reason or purpose whatsoever without the prior written consent
of the Company, unless such confidential information previously shall have become public knowledge
through no action by or omission of the Employee. For a period of ten years following termination,
Employee shall not disclose any confidential, proprietary, or trade secret information without the
prior written consent of the Company.

8. Assignability. The rights and obligations of the Company under this Agreement shall
inure to the benefit of and be binding upon the successors and assigns of the Company. The
Employee’s rights and obligations hereunder may not be assigned or alienated and any attempt to do
so by the Employee will be void.

9. Separability.

(a) The Employee expressly agrees that the character, duration and geographical scope of the
provisions set forth in this Agreement are reasonable in light of the circumstances as they exist
on the date hereof Should a decision, however, be made at a later date by a panel of arbitrators or
court of competent jurisdiction that the character, duration or geographical scope of such
provisions is unreasonable, then it is the intention and the agreement of the Employee and the
Company that this Agreement shall be construed by the court or arbitration panel in such manner as
to impose only those restrictions on the Employee’s conduct that are reasonable in the light of the
circumstances and as are necessary to assure to the Company the benefits of this Agreement.

If, any court or arbitration shall refuse to enforce all of the separate covenants deemed included
herein because taken together they are more extensive than necessary to assure to the Company the
intended benefits of this Agreement, it is expressly understood and agreed by the parties hereto
that the provisions of this Agreement that, if eliminated, would permit the remaining separate
provisions to be enforced in such proceeding shall be deemed eliminated, for the purposes of such
proceeding, from this Agreement.

(b) If any provision of this Agreement is deemed to be invalid or unenforceable or is prohibited by
the laws of the state or jurisdiction where it is to be performed, this Agreement shall be
considered divisible as to such provision and such provision shall be inoperative in such state or
jurisdiction and shall not be part of the consideration moving from either of the parties to the

4

 

other. The remaining provisions of this Agreement shall be valid and binding and of like effect as
though such provision were not included.

10. Notice. Notices given pursuant to the provisions of this Agreement shall be sent
certified mail, postage prepaid, or by overnight courier, or by facsimile or otherwise to the
following addresses:

	 	 	 	 	 
	(a)

	 	To the Employee:
	 	David A. Collins

3200 N. Ocean Blvd, Suite 1006

Ft. Lauderdale, FL 33308
	(b)

	 	To the Company:
	 	Dac Technologies Group International, Inc.

1601 Westpark Drive, MC

Little Rock, AR 72204
	(c)

	 	With a Copy to:
	 	Allan M. Lerner, Esq.

2888 East Oakland Park Blvd

Ft. Lauderdale, FL 33306

Any party may from time to time designate any other address to which any such notice to it or him
shall be sent. Any such notice shall be deemed to have been delivered upon receipt as hereinbefore
provided.

11. Arbitration. Any dispute or controversy arising out of this Agreement shall be
determined in arbitration to the Commercial Rules of the American Arbitration Association except
that if the Company seeks immediate injunctive relief to enforce the provision of paragraphs 6 or 7
it may do so in any court of competent jurisdiction. The venue for such arbitration or court
proceeding shall be in Palm Beach County, Florida.

12. Miscellaneous.

(a) Governing Law. This Agreement shall be governed by and construed in accordance with the
internal, substantive laws of the State of Florida without giving effect to the conflict of laws
rules thereof

(c) Waiver: Amendment. The waiver by any party to this Agreement or breach of any provision
hereof by any other party shall not be construed as a waiver of any subsequent breach by any party.
No provision of this Agreement may be terminated, amended, supplemented, waived or modified other
than by an instrument in writing signed by the party against whom enforcement of the termination,
amendment, supplement, waiver or modification is sought.

(d) Counterparts. This Agreement may be executed in counterparts, all of which together
shall constitute one and the same instrument.

(e) Attorney Fees. In event of suit brought by either party to enforce the terms of this
Agreement, attorney’s fees and costs (through appeal) shall be awarded to the prevailing party.

5

 

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

	 	 	 	 	 
	 	DAC TECHNOLOGIES GROUP

INTERNATIONAL, INC.

 	 
	 	/s/ James R. Pledgor
 	 
	 	James R. Pledger, Director 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ Bob Goodwin
 	 
	 	Bob Goodwin, Director 	 
	 	 	 
	 

	 	 	 	 	 
	 	 	 
	 	/s/ David Collins
 	 
	 	David A. Collins 	 
	 	 	 
	 

6

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