Document:

f8k100109ex10ii_310.htm

    Exhibit 10.2

    
      

      

      ESCROW
AGREEMENT

      

      THIS ESCROW AGREEMENT, (the
"Agreement") made this 1st day of October, 2009, by and among 310 Holdings,
Inc., a Nevada Corporation, with offices at 500 Technology Square, Cambridge,
Mass. (“Company”), Ronald Baldwin of  Clearwater,
Florida  (“Executive”) and  the law firm of MacFarland,
Ferguson & McMullen with offices at 625 Court Street, Suite 200, Clearwater,
FL 33756 ("Escrow Agent").

      

      WHEREAS, On October 1, 2009,
Company and Executive entered into an Employment Agreement (herein “Employment
Agreement”) whereby Executive was hired as Chief Financial Officer of Company,
all as more fully described in the Employment Agreement, a copy of which is
attached hereto as Exhibit "A", and

      

      WHEREAS,  pursuant
to Paragraph 5 (d) of the Employment Agreement, Company has agreed to deposit
the sum of $144,000 with Escrow Agent (The "Funds") representing a severance
amount to be paid to Executive under circumstances as set forth in the
Employment Agreement; and

      

      WHEREAS, Escrow Agent is
agreeable to act as escrow agent under this Agreement and to disburse the Funds
in accordance with the terms and conditions hereinafter set forth.

      

      NOW, THEREFORE, in
consideration of the mutual covenants and promises set for the below, the
parties agree:

      

      1.           Establishment of Escrow
Account.

      

      1.1.           An
escrow account shall be established under this Agreement by
Company  with Executive at 625 Court Street, Suite 200, Clearwater, FL
33756, who shall hold, invest and distribute the Funds from time to time as
hereinafter set forth (the "Escrow Account").

      

      2.1.
            Disbursements.

       

      2.1.           The
Escrow Agent shall disburse all or a portion of the Funds in accordance with the
following:

       

      (a)           Upon
receipt of written demand from Executive for release to him of the Funds due to
his being terminated Without Cause as defined in the Employment Agreement, which
notice shall contain evidence that a copy of same has been sent to Company in
accordance with the notice provisions of this Escrow Agreement, within fifteen
(15) business days of Escrow Agent's receipt of the written demand, a check in
the amount of the principal sum of the Funds  shall be released to
Executive and a check in the amount of accrued interest shall be released to
Company.

       

       

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
 

      (b)           If,
prior to the release of the Funds pursuant to the provisions of 2.1
(a)  hereinabove, the Escrow Agent receives written notice from
Company of a dispute between Company and Executive regarding the release of the
Funds, the Escrow Agent shall not release the Funds until this dispute has been
settled or resolved and notification thereof has been furnished to Escrow Agent
by both Company and Executive.

      

      (d)           The
Escrow Agent shall, at any time, make distribution of the Funds upon written
direction duly executed by both Company and Executive. The disbursement shall be
in the amount set forth in such written direction.

       

      (e  )           Upon
the anniversary of the 36th
month following the execution of this Escrow Agreement, provided it has not
previously released the Funds, Escrow Agent shall release all of the Fund (both
principal and accrued interest) to Company.

       

      3.           Escrow Agent's
Responsibility.

      

      3.1.           Upon
disbursement of all or any portion of the Funds in accordance with this
Agreement, Escrow Agent shall have no further responsibility with respect to the
amounts so disbursed. In this regard, it is expressly agreed and understood that
in no event shall the aggregate amount of disbursements from the Escrow Account
by Escrow Agent exceed the amounts deposited by Company in the Escrow Account
plus accrued interest, as provided herein.

      

      3.2.           Escrow
Agent shall invest the Fund's principal in an interest bearing money market
account at a State or Federally chartered bank.

      

      3.3.   Company
and Executive understand and agree that the duties of Escrow Agent are purely
ministerial in nature. Company and Executive further agree that:

      

      (a)           Escrow Agent shall not be liable for any
action taken or omitted hereunder or under this Agreement except in the
case of its bad faith, gross negligence or willful misconduct.

      

      (b)           Escrow
Agent shall furnish to Company and Executive an
accounting of the receipts in, and disbursements from, the Escrow Accounts, as
requested.

      

      (c)           All
interest accrued in the Escrow Account shall belong to the Company and may be
disbursed to the Company at any time upon request of the Company.

      

      (d)           Escrow
Agent shall be entitled to a reasonable fee for any services required of him
arising out of this Escrow Agreement other than the ministerial act of holding
the Funds and disbursing same in accordance with this Escrow
Agreement.

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      
 

      3.4.           The
Escrow Agent may resign as Escrow Agent at any time upon thirty (30) days prior
written notice to Company and Executive. In the case of the Escrow Agent's
resignation, its only duty shall be to hold and dispose of the Escrow Account in
accordance with the original provisions of this Agreement until such successor
escrow agent shall be appointed.  Company and Executive shall jointly
consent and appoint such successor escrow agent. Upon such appointment, the
Escrow Agent's only duty shall be to pay over to the successor escrow agent the
Funds in escrow pursuant to this Agreement less any portion thereof previously
paid out in accordance with this Agreement, if any.

       

      3.5.           Company
agrees to indemnify Escrow Agent and its members and agents (herein the
"Indemnitees") against, and to hold them harmless of and from, any and all loss,
liability, cost, damage and expense, any and all loss, limitation, reasonable
attorneys' fees, except in the case of Escrow Agent's bad faith, gross
negligence, or willful misconduct, which the Indemnitees may suffer or incur by
reason of any action, claim or proceeding brought by any party against the
Indemnitees, arising out of or relating in any way to this Agreement, or the
performance of its duties hereunder.

       

      4.           Miscellaneous.

      

      4.1.           This
Agreement encompasses the entire Agreement of the parties and shall not be
modified except by an instrument in writing signed by the parties.

      

      4.2.           This
Agreement shall be governed by and construed in accordance with the laws of the
State of Florida and the proper venue and jurisdiction for any action or claim
with respect to this Agreement or any document delivered pursuant hereto shall
be in the appropriate court in Pinellas County, Florida, except as for provided
in section 4.3.

      

      4.3.           In
the event of the receipt of conflicting instructions prior to discharge of the
Escrow Agent, Escrow Agent shall commence an arbitration before a single
arbitrator in Clearwater, Florida acceptable to Escrow Agent under the rules of
the American Arbitration Association, whose decision shall be final. Upon
receipt of a final decision from the arbitrator, the Escrow Agent shall comply
therewith and upon such compliance shall be discharged from all further
liability. The decision of the arbitrator shall be final, and may be reduced to
judgment by any party hereto or the Escrow Agent. The arbitration must be
resolved with 90 days of a request for arbitration. Company and Executive shall
pay their own attorney fees and legal costs. The aforementioned parties shall
split the Escrow Agent's and arbitrator's reasonable fees and
costs.

      

      4.4.           All
notice required to be given in connection with this Agreement shall be sent via
certified mail or overnight express with receipt and addressed as
follows:

      

        
          	
                         If to:
      Company

                	
                  Mr.
      John Bordynuik, President

                
	 
      	
                  310
      Holdings, Inc.

                  500
      Technology Square

                  Cambridge,
      Mass

                

        

      

       

      

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      

       

      
        
          	
                         With copy
      to:

                	
                  Anslow
      + Jaclin, LLP

                
	 
      	
                  195
      Route 9 South, Suite 204

                
	 
      	
                  Manalapan,
      New Jersey, 07726

                
	 
      	
                  Attention:
      Gregg E. Jaclin, Esq.

                
	 
      	
                  Telephone:
      (732) 513-6162

                
	 
      	
                  Facsimile:
      (732) 577-1188

                
	 
      	
                  Email:
      gjaclin@anslowlaw.com

                

        

      

      
 

      
        
          	
                         If to
      Executive:

                	
                  Ronald
      Baldwin

                
	 
      	 
      
	 
      	
                  Insert
      Address

                
	 
      	 
      
	 
      	
                   

                
	 
      	 
      
	
                         If to Escrow
      Agent:

                	
                  MacFarland,
      Ferguson & McMullen

                
	 
      	
                  625
      Court Street, Suite 200, Clearwater,
      FL 33756

                
	 
      	
                  Attention:
      J. Paul Raymond

                
	 
      	
                  (727)
      441-8966

                
	 
      	
                  (727)
      442-8470 (Fax)

                

        

      

      IN WITNESS WHEREOF, this
Agreement has been executed this 1st day of October, 2009.

       

       

      
        
          	
                  Witnesses:

                	 
      	
                  COMPANY

                
	 
      	 
      	 
      
	 
      	 
      	
                  310
      Holdings, Inc., a Delaware corporation

                
	 
      	 
      	 
      
	 
      	 
      	
                  By:    /s/   John
      Bordynuik                                                 

                
	 
      	 
      	
                  Name:
      John Bordynuik, President

                
	 
      	 
      	 
      
	 
      	 
      	
                  EXECUTIVE

                   

                
	 
      	 
      	/s/  Ronald
      Baldwin
	
                   

                	 
      	
                  Ronald
      Baldwin

                
	 
      	 
      	
                                                           

                
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	
                  ESCROW
      AGENT

                   

                
	 
      	 
      	 
	 
      	 
      	
                  MacFarland,
      Ferguson & McMullen, PA

                
	 
      	 
      	 
      
	 
      	 
      	
                  By:    /s/ 
      J.
      Paul
      Raymond                                               

                
	 
      	 
      	
                  J.
      Paul Raymond

                

        

      

       

      
 

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      

      EXHIBIT
“B”

      

      DRAW
REQUEST

      

      DRAW
REQUEST
#  _____________________                                                                         

      DATE          ____________________________                                                      

      

      Pursuant to the Escrow Agreement
dated                                                                                                ,
200___, by and among the West Hampton, LLC, a Florida limited liability company,
the Environmental Protection Commmission of Hillsborough County, andRobert L. McDonald,
Jr., as Escrow Agent, Escrow Agent is authorized to disburse $ United
States Dollars to:

      

      
        
          	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                  For
      the purpose of paying:

                	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      

        

      

      

      This draw request may be executed in
counterparts, each of which shall be deemed an original, but all of which shall
constitute only one instrument.

      

      Approved this ______________ day of
_______________________, 200__.

      

      

      West Hampton, LLC

      

      

      By:   __________________________                                                   

      Name:    ________________________                                                  

      Its    ___________________________                                                  

      

      

      Environmental Protection
Commission

      of Hillsborough County

      

      

      By:   ___________________________                                                   

      Richard D. Garrity, Ph.D.

      Executive Directorex10_8.htm

EX. 10.8

 

EMPLOYMENT AGREEMENT

 

 

(President and Chief Executive Officer)

  

 

This EMPLOYMENT AGREEMENT is dated as of October 1, 2009 (“Date of Commencement”) between Oscar F. Luppi (the “Executive”) and Force Fuels Inc., a Nevada corporation (the “Company”) (collectively the “Parties”).

 

WHEREAS, the Company wishes to employ the Executive and the Executive desires to accept such employment, upon the terms and conditions stated herein;

 

NOW, THEREFORE, in consideration of the promises exchanged by the Parties, it is agreed:

 

	
(1)  
	
Employment.  The Company hereby agrees to employ the Executive, and the Executive hereby accepts such employment, upon the terms and conditions set forth herein.

 

	
(2)  
	
Duties and Responsibilities of the Executive.  During the term of his employment, the Executive shall execute his duties and responsibilities as follows:

 

	
A.  
	
The Executive shall diligently and faithfully serve the Company in the positions of President and Chief Executive Officer and shall be responsible for the daily operations of the Company.

 

	
B.  
	
The Executive shall devote his best efforts, services and attention to the advancement of the Company’s business and interests. The Executive shall devote his time, attention and energies to the affairs of the Company.

 

	
C.  
	
The Executive shall report to, and be subject to the supervision of, the Board of Directors of the Company. The Executive shall diligently and faithfully carry out the policies, programs and directions of the Board of Directors of the Company. The Executive shall execute and discharge such duties and responsibilities as may be assigned to the Executive
from time to time by the Board of Directors of the Company.

 

	
D.  
	
The Executive will have the position of Chairman of the Board of Directors for the duration of this agreement.

 

	
E.  
	
The Executive shall fully cooperate with other officers and executives of the Company.

 

	
F.  
	
Subject to the provisions of section (2)C above , the Executive shall:

 

	
i.  
	
Be responsible for the organization, implementation and operation of the Company’s activities as determined from time to time by the Board of Directors;

 

 

1

 

 

	
ii.  
	
Be responsible for employing and supervising other employees of the Company, subject to the policies and procedures and direction of the Board of Directors;

 

	
iii.  
	
Be responsible for recommending to the Board for approval all contracts between the Company and other entities for the provision of goods and services. It is understood that the Board may set, from time to time, a discretionary limit under which, Executive may operate without prior Board approval;

 

	
iv.  
	
Generally perform the usual duties and responsibilities of a President and Chief Executive Officer of the Company.

 

	
(3)  
	
Compensation.  In consideration of the services rendered by the Executive, the Company agrees to compensate the Executive as follows:

 

	
A.  
	
Base Compensation.  The Executive’s annual base compensation initially shall be Two Hundred Fifty Thousand Dollars ($250,000), payable in accordance with the salary policies of the Company in effect from time to time but no less frequently than monthly, however Executive agrees to accumulate base compensation at his discretion during
the first year.

 

	
B.  
	
Salary Increases.  The base compensation will increase on October 1, 2010 to $350,000.  The Company shall annually review the Executive’s performance and compensation. The Executive’s base compensation will be increased annually by not less than five percent (5%). Executive’s annual base compensation shall not be
reduced below the base compensation as from time to time adjusted, unless agreed upon in writing.

 

	
C.  
	
Incentive Bonuses.  The Board of Directors shall grant Executive such annual bonuses as the Board of Directors, in its discretion, may determine to be appropriate in light of the Company’s performance and the Executive’s performance and contribution to the Company’s success.

 

	
D.  
	
Other Allowance.  The Executive shall receive an automobile allowance not to exceed Seven Hundred Fifty Dollars ($750.00) monthly for the purpose of leasing and maintaining insurance on an automobile of the Executive’s choice.

 

	
E.  
	
Term Life Insurance.  The Company shall purchase and provide Executive with term life insurance coverage after twelve months of employment, in the amount of $1,000,000: the beneficiary, or beneficiaries, shall be named by the Executive. The Executive agrees to permit the Company to purchase “Key man” term life insurance coverage
for the benefit of the Company at its sole discretion.

 

	
F.  
	
Vacation and Medical Leave.  The Executive shall have three (3) weeks of vacation at times mutually convenient to Executive and the Company.  It is understood that Executive may fulfill some of his obligations under this agreement while being away from the premises and such absences shall not be deemed non compliance with his obligations
under this agreement. Accrued vacation may not be carried over, but must be used in the annual period in which it accrues. Continuation of compensation during periods of absence for medical reasons will be determined by Company policy.

 

 

2

 

 

	
G.  
	
Signing Bonus.  The Company will issue One Million (1,000,000) shares of the Company’s Common Stock and an additional One Million (1,000,000) options to purchase the Company’s Common Stock upon the Company’s Common Stock listing on the OTC Bulletin Board at a 20% discount off the stock price quoted on the first opening trade,
with a five year cashless exercise to the Executive, upon signing of this agreement.

 

	
H.  
	
Renewal Bonus.  The Company will issue Five Hundred Thousand (500,000) shares of the Company’s Common Stock upon renewal of this agreement as defined in section (4) below.

 

	
I.  
	
Withholdings.  The Executive’s salary and all other payments and benefits shall be subject to all deductions and withholdings mandated by federal, state and local laws and regulations.

 

	
J.  
	
Expenses.  The Executive shall be reimbursed for all necessary and reasonable expenses incurred by him in the execution of his duties and responsibilities and in accordance with policies approved by the Board or Directors.

 

	
K.  
	
Executive shall submit to Company for review any proposed scientific and technical articles and the text of any public speeches relating to work done for Company before they are released or delivered. Company has the right to disapprove and prohibit, or delete any parts of, such articles or speeches that might disclose Company's Trade Secrets or Confidential
Information or otherwise be contrary to Company's business interests.

 

	
(4)  
	
Term of Agreement.  Unless terminated as provided in Paragraph  (5)C below  “Termination for Cause” hereof, the Term of this Employment Agreement shall continue for Three (3) years from October 1, 2009 to October 1, 2012, and shall be renewable by the mutual consent of the Parties. If written notice of non-renewal
is not given by either Executive or Company not less than three (3) months before the expiration of the term of this Employment Agreement (or any renewal term) the Employment Agreement shall be automatically renewed, from time to time, for subsequent five (5) year terms.

 

	
(5)  
	
Termination of Employment Agreement.

 

	
A.  
	
Notice and Severance Pay.  Either party may terminate this Employment Agreement at any time upon sixty (60) days written notice provided that,

 

	
i.  
	
If the Company should terminate such employment other than pursuant to subparagraph (5)C below“Termination for Cause”, the Executive shall be entitled to “Severance Pay” an amount equal to:

 

	
(a)  
	
The full base Compensation that he was receiving immediately before his termination for a Term of twelve (12) months according to the Employment Agreement

 

	
(b)  
	
Continuation of Benefits afforded regular employees of the Company for the severance pay period as defined in (5)A above.

 

 

3

 

 

	
(c)  
	
A Bonus each year of the severance pay period (pro rated for partial years) equal to the bonus received by the Executive for the year preceding the year in which termination occurs.

 

	
ii.  
	
If Executive is terminated following a “Change In Control” as set forth in Paragraph (5)B below, the Company shall pay Executive Severance Pay equal to two (2) times the Base Compensation that he is receiving immediately before his termination.

 

	
B.  
	
Change in Control means the earlier of:

 

	
i.  
	
The date on which any person or entity (excluding any persons or entities affiliated with Executive), or persons or entities acting in concert, shall acquire the beneficial ownership of Shares or other securities having more than sixty percent (60%) of the Voting Power then outstanding other than a transfer by reason of death to a deceased Shareholder’s
representatives or beneficiaries.

 

	
ii.  
	
The Shareholders of the Company approve the merger or consolidation of the Company with or into any other corporation, other than a merger or consolidation which 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) at least 50% of the Voting Power of the Company or such surviving entity outstanding immediately after such merger or consolidation; or

 

	
iii.  
	
The Shareholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company of all or the majority of the Company’s assets.

 

	
C.  
	
Termination for Cause.  Notwithstanding the preceding, the Company may terminate the Executive’s employment for fraud, gross dishonesty, or non performance, acts of criminal misconduct, unwillingness to follow direct requests from the Board of Directors or willful and material violation of the Employment Agreement following reasonable
written warning.

 

	
D.  
	
Death.  This Employment Agreement shall terminate automatically upon the death of the Executive.

 

	
E.  
	
Result of Termination.  Upon termination of Executive’s employment pursuant to this Section, Employer shall pay to Executive’s estate, on the Termination Date, a lump sum payment of an amount equal to (i) all accrued and unused vacation and sick pay payable to Executive by Employer with respect to serviced rendered by Executive
to Employer through the Termination Date; and, (ii) if the Termination Date occurs during the Extended Term, an amount equal to twelve (12) months salary based upon the then existing salary of Executive, payable in the same manner as salary would have been paid to Executive had he continued to work for Employer hereunder. In addition to the foregoing, and notwithstanding the provisions of any other agreement to the contrary, Employer shall continue to provide for the benefit of Executive’s family the medical
benefits for twelve (12) months following the Termination Date.

 

 

4

 

 

	
F.  
	
Disability.  This Employment Agreement shall terminate upon the Disability of the Executive. “Disability” refers to the Executive being unable to perform substantially all the duties of his employment, for a continuous period in excess of six months, as determined by two physicians who are not affiliates of the Company or the Executive,
one of whom is selected by the Company and one of whom is selected by the Executive.

 

	
G.  
	
Termination for Good Reason.  If Executive terminates his employment for “Good Reason”. The Executive shall be entitled to the “Severance Pay” provided in subparagraph  (5)A.ii. Termination of Employment for “Good Reason” shall include any of the following, unless the Executive shall have expressly
consented in writing to:

 

	
i.  
	
The assignment of duties inconsistent with or a substantial alteration in the nature of, the Executives responsibilities;

 

	
ii.  
	
A material reduction, or non payment, in compensation or benefits;

 

	
iii.  
	
A relocation of the Executive outside the metropolitan area of Orange County;

 

	
iv.  
	
Any material breach by the Company of any provision of this Agreement; or 5

 

	
v.   
	
Any failure by the Company to obtain the assumption and performance of this Agreement by any successor (by merger or otherwise).

 

	
(6)  
	
Ownership of Developments.

 

	
A.  
	
Ownership of Work Product.  Company shall own all Work Product. Executive acknowledges that all Work Product is and shall be deemed work for hire by Executive as an employee or Consultant of Company and owned by the Company. To further evidence Company’s ownership rights and independent of this Agreement, Executive shall execute and deliver
to Company the Employee Intellectual Property Acknowledgement, Assignment and Agreement attached hereto as Exhibit A. To the extent any Work Product is not, by operation of law, deemed work made for hire by Executive for Company (or if ownership of all right, title and interest of the intellectual property rights therein shall not otherwise vest exclusively in Company), Executive agrees to assign all such Work Product to Company as set forth in the Employee Intellectual Property Acknowledgement, Assignment and
Agreement.

 

	
B.  
	
Clearance Procedure for Developments Not Claimed by Company.  In the event Executive wishes to create or develop, on his own time and with his own resources, anything that may be considered Work Product, but Executive believes he should or desires to be entitled to the personal benefit of such development or invention, Executive shall observe
the following clearance procedure set forth in the Employee Intellectual Property Acknowledgement, Assignment and Agreement attached hereto as Exhibit A.

 

	
(7)  
	
Confidentiality.

 

	
A.  
	
Consequences of Entrustment with Sensitive Information.  Executive recognizes that his position with Company requires considerable responsibility and trust. Relying on Executive’s responsibilities hereunder and undivided loyalty, Company expects to entrust Executive with highly sensitive confidential, restricted, and proprietary information
involving Trade Secrets and other intellectual property. Executive should recognize that it could prove very difficult to isolate these Trade Secrets from business activities that Executive might consider pursuing after termination of employment, and in some instances, Executive may not be able to compete with Company in certain ways because of the risk that Company's Trade Secrets might be compromised. Executive is responsible for protecting and preserving Company's proprietary rights for use only for Company's
benefit, and these responsibilities may impose unavoidable limitations on Executive’s ability to pursue some kinds of business opportunities that might interest Executive during or after his employment.

 

 

5

 

 

	
B.  
	
Restrictions on Use and Disclosure of Trade Secrets.  Executive agrees not to use or disclose any Trade Secrets of Company during his employment and for so long afterwards as the pertinent information or data remain Trade Secrets, whether or not the Trade Secrets are in written or tangible form, except as required to perform any duties for
Company.

 

	
C.  
	
Screening of Public Releases of Information.  In addition, and without any intention of limiting Executive’s other obligations under this Agreement in any way, Executive shall not, during his employment, reveal any nonpublic information concerning the technology pertaining to the proprietary products and manufacturing processes of Company
(particularly technology under current development or improvement), unless Executive has obtained approval from Company in advance. In that connection, Executive shall submit to Company for review any proposed scientific and technical articles and the text of any public speeches relating to work done for Company before they are released or delivered. Company has the right to disapprove and prohibit, or delete any parts of, such articles or speeches that might disclose Company's Trade Secrets or Confidential Information
or otherwise be contrary to Company's business interests.

 

	
(8)  
	
Return of Materials.  Upon the request of Company and, in any event, upon the termination of employment hereunder, Executive must return to Company and leave at its disposal all memoranda, notes, records, drawings, manuals, computer programs, documentation, diskettes, computer tapes, and other documents or media pertaining to the business of
Company or Executive’s specific duties for Company (including all copies of such materials). Executive must also return to Company and leave at its disposal all materials involving any Trade Secrets of Company. This obligation applies to all materials made or compiled by Executive, as well as to all materials furnished to Executive by anyone else in connection with employment hereunder.

 

	
(9)  
	
Benefit.  This Agreement shall inure to the benefit of and shall be binding upon the Parties hereto and their respective successors and assigns but the obligations of the Executive hereunder may not be assigned by the Executive and are personal to him.

 

	
(10)  
	
Entire Agreement.  This instrument contains the entire agreement of the Parties and supersedes any prior written or oral understandings or agreements. It may not be changed orally but only by an agreement in writing signed by the party against whom enforcement of any waiver, change, modification, extension, or discharge is sought.

 

 

6

 

 

	
(11)  
	
Governing Law.  This Agreement shall be governed by and interpreted in accordance with the substantive laws of the State of California.

 

	
(12)  
	
Binding Arbitration.  Any controversy or claim arising out of or relating to this Agreement, or the breach thereof, shall be settled by arbitration administered by the American     Arbitration Association under its Commercial Arbitration Rules, and judgment on the award rendered by the arbitrator(s) may be entered in
any court having jurisdiction thereof.  The arbitration shall be conducted in Orange County, California

 

	
(13)  
	
Counterparts.  This agreement may be executed in one or more counterparts, each of which shall constitute an original.

 

 

 

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first written above.

 

 

 

	 	 	 	 
	
 
	
 
	   /s/ Oscar F. Luppi	 
	 	 	
By: Oscar F Luppi, (the “Executive”)
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	
FORCE FUELS INC.
	 
	 	 	 	 
	 	 	 	 
	 	 	   /s/ Thomas Hemingway	 
	 	 	
By: Thomas Hemingway, Authorized to Sign

On Behalf of Force Fuels, Inc.
	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

 

 

 7

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