Document:

Exhibit
      10.25

    

    

    Trulite,
      Inc.

    Three
      Riverway

    Suite
      1700

    Houston,
      TX 77056-1948

    713-888-0660

    

    

    April
      5,
      2006

    

    Christopher
      Brydon

    6361
      Boxwood Rd.

    Salt
      Lake
      City, UT 84121

    

    Re: Employment
      Agreement with Trulite, Inc.

    

    Dear
      Chris:

    

    On
      behalf
      of Trulite, Inc., a Delaware corporation (the “Company”),
      I am
      pleased to extend this Employment Agreement to join the Company as its Senior
      Design Engineer and Team Leader reporting to the Vice President of Product
      Development. In this position, you will be expected to devote your full business
      time, attention and energies to the performance of your duties with the Company.
      The effective date of your employment will be April 5, 2006 and the Employment
      Agreement will be in effect until April 30, 2007. 

    

    The
      terms
      of this offer of employment are as follows:

    

    Compensation.
      The
      Company will pay you a salary of $2923.07
      per pay
      period payable in accordance with the Company’s standard payroll policies,
      including compliance with applicable withholding. This is equivalent to
$76,000
      per
      year. 

    

    Stock
      Option.
      Subject
      to approval by the Company’s Board of Directors, you will be granted an option
      to purchase 50,000
      shares
      of the Company’s Common Stock at the fair market value on the date the Board
      approves the option grant. .Vesting will be over a four year period: eighteen
      and a half percent (18.5%) of the shares subject to any option will become
      exercisable on the first anniversary of your employment with the Company; twenty
      two and a half percent (22.5%) of the shares subject to any option will become
      exercisable on the second anniversary of your employment with the Company;
      twenty six and a half percent (26.5%) of the shares subject to any option will
      become exercisable on the third anniversary of your employment with the Company;
      and, thirty two and a half percent (32.5%) of the shares subject to any option
      will become exercisable on the fourth anniversary of your employment of the
      Company. Options will be exercisable for no more than seven years from the
      date
      of your employment with the Company. 

    

    Benefits
      and PTO.
      You
      will be entitled to the Company’s standard vacation and benefits covering
      employees at your level, as such may be in effect from time to time. The company
      has 8 standard holidays that you are eligible for time off. The company will
      allow you to accrue 15 days of Paid time off for vacation, sick and personal
      time. You cannot carry more than 5 days over per year into the next calendar
      year.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Confidential
      Information, Inventions Assignment, and non-competition
      agreement.
      As a
      condition of this offer of employment, you will be required to complete, sign
      and return the Company’s standard form of Confidential Information, Inventions
      Assignment, and non-competition agreement.

    

    General.
      This
      Employment Agreement and the stock option agreement (if approved by the Board)
      covering the grant described in paragraph 2, when signed by you, set forth
      the
      terms of your Employment Agreement with the Company and supersede any and all
      prior representations and agreements, whether written or oral. Any amendment
      of
      this Employment Agreement or any waiver of a right under this Employment
      Agreement must be in a writing signed by you and an officer of the Company.
      This
      Employment Agreement will be governed by Texas law.

    

    Sincerely,

    

    

    

    By: 
      

    John
      Sifonis

    President,
      TRULITE, INC.

    

    

    AGREED
      TO AND ACCEPTED:

    “Employee”

    

    /s/
      Christopher Brydon

    Christopher
      Brydon

    

    Date:Exhibit
      10.26

    

    
      

      

    

    

    SECOND
      AMENDED AND RESTATED

    EMPLOYMENT
      AGREEMENT

    

    Between

    

    TRULITE,
      INC.

    

    and

    

    ERIC
      J.
      LADD

    

    

    dated
      as
      of March 28, 2006

    

    

    
      

      

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    AMENDED
      AND RESTATED

    EMPLOYMENT
      AGREEMENT

    

    

    This
      AMENDED AND RESTATED EMPLOYMENT
      AGREEMENT (this
      “Agreement”) is made effective as of the 26th
      day of
      March, 2006 by and between Trulite, Inc., a Delaware corporation (the
“Company”), and Eric J. Ladd (“Employee”).

    

     

    WITNESSETH:

    

    

    WHEREAS,
      Employee entered into that certain Employment Agreement, dated as of July 28,
      2004, with the Company (the “Original Agreement”), and agreed to serve as an
      employee of the Company according to the terms of the Original Agreement;
      and

     

    WHEREAS,
      Employee entered into that certain Amended and Restated Employment Agreement
      dated February 4, 2005, with the Company (the “Second Agreement”);
      and

     

    WHEREAS,
      Employee and
      the
      Company now wish to further amend the Second Agreement to set forth the terms
      under which employee shall be employed on a full-time basis by the Company
      rather than one-half time, along with other amendments as set forth herein
      below, and to restate in their entirety the terms of employee’s employment by
      the Company.

    

    NOW,
      THEREFORE, in consideration of the continued employment of employee by the
      Company and the payment of salary and other compensation to employee by the
      Company, the parties hereto agree as follows:

    

    1.
      Employment.
      The
      Company hereby agrees to continue to employ employee, and employee hereby agrees
      to continue to serve the Company, on the terms and conditions set forth
      herein.

     

    2.
      Term.
      Employee shall continue to be employed by the Company as provided in Section
      1
      and such employment shall continue until January 31, 2007,
      unless sooner terminated as herein provided and Employment
      is terminable for any reason whatsoever by either the Company or employee upon
      thirty (30) days prior written notice to the other party, except that the
      Company may terminate this Agreement immediately for Cause, as defined herein
      below.

     

    3.
      Position
      and Duties.

     

    (a)
      The
      Company agrees to continue to employ employee in the capacity of Controls and
      Systems Engineer and employee agrees to continue to be so employed, in such
      capacity and having such duties and responsibilities which include, but not
      be
      limited, to the following: 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    	·  	
            Kitty
              hawk III and IV controlled design, documentation and
              fabrication

          

     

    	·  	
            Kitty
              hawk III and IV Software design, documentation and
              programming.

          

     

    	·  	
            Electrical
              Engineering for the Kitty hawk III and IV product
              lines

          

     

    	·  	
            Electrical
              Engineering Training and documentation.

          

    

    as
      are
      assigned to employee from time to time by the Company’s Board of Directors or
      such officer of the Company that the Board of Directors designates as
      employee’s supervisor.

    

    (b)
      Employee agrees to devote all of his full business time and attention to the
      business and affairs of the Company and will use his best efforts in performing
      faithfully his duties under this Agreement. 

     

    (c)
      Employee shall use his reasonable best efforts to perform faithfully and
      efficiently his duties under this Agreement, and shall not engage in or be
      employed by any other business; provided, however, that nothing contained herein
      shall prohibit employee from (i) serving as a member of the board of directors,
      board of trustees or the like of any for-profit entity that does not compete
      with the Company, or performing services of any type for any civic or community
      entity, whether or not employee receives compensation therefore, (ii) investing
      his assets in such form or manner as shall not require any significant services
      on his part in the operation of the business of or property in which such
      investment is made as long as such business does not compete with the Company,
      or (iii) serving in various capacities with, and attending meetings of, industry
      or trade groups and associations, as long as employee’s engaging in any
      activities permitted by virtue of clauses (i), (ii) and (iii) above does not
      materially interfere with the ability of employee to perform the services and
      discharge the responsibilities required of him under this
      Agreement.

     

    4.
      Compensation
      and Related Matters.

     

    (a)
      Salary.
      During
      the term of this Agreement, the Company shall pay to employee an annual salary
      of $80,000 in substantially equal installments in accordance with the Company’s
      payroll policies.

     

    (b)
      Option.
      Subject
      to the approval of the Company’s Board of Directors or its Compensation
      Committee, you will be granted an option to purchase 174,826 shares of the
      Company’s common stock. The exercise price per share will be equal to the fair
      market value per share on the date the option is granted. The option will be
      subject to the terms and conditions applicable to options granted under the
      Company’s Stock Option Plan (the “Plan”), as described in the Plan and the
      applicable Stock Option Agreement in substantially the form attached hereto
      as
      Exhibit “A” (the “Option Agreement”). The option shall vest immediately and the
      purchased shares will be subject to repurchase by the Company at fair market
      value in the event that your service terminates for any reason. The Option
      Agreement shall contain such other terms as shall be determined by the Board
      of
      Directors of the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (c)
      Expenses.
      During
      the term of employee’s employment hereunder, employee shall be entitled to
      receive prompt reimbursement for all reasonable and necessary expenses incurred
      by employee in performing services hereunder, including all travel and living
      expenses while away from home on business or at the request of and in the
      service of the Company, cell phone expenses and entertainment expenses incurred
      by employee at the request of and in the service of the Company, provided that
      such expenses are incurred and accounted for in accordance with the policies
      and
      procedures established by the Company, as may be amended from time to
      time.

     

    (d)
      Benefits.
      Employee shall be entitled to participate in or receive benefits under any
      group
      health or other employee benefit plan or arrangement made available by the
      Company to its other similarly situated employees who perform the same or
      similar duties as employee
      in the same location, subject to and on a basis consistent with the terms,
      conditions and overall administration of such plans and
      arrangements.

     

    (e)
      Sick
      Leave.
      Employee shall be entitled to sick and emergency leave in accordance with the
      regular policies and procedures established by the Company. Any additional
      sick
      or emergency leave over and above paid leave provided by the Company, if any,
      shall be unpaid and shall be granted at the sole discretion of the Board of
      Directors of the Company.

     

    (f)
      Vacations.
      Employee shall be excused from rendering his services during reasonable vacation
      periods for 10 business days per year plus any additional vacation days that
      may
      be approved by the Chief Executive Officer of the Company or such other officer
      of the Company that the Company’s Board of Directors designates as employee’s
      supervisor. Employee shall also be entitled to all paid holidays given by the
      Company to its employees generally.

     

    5.
      Termination.
      Employee’s employment hereunder may be terminated under the following
      circumstances:

     

    (a)
      Termination
      of Employment for Cause.
      The
      Company may terminate the employment of the employee if the employee
      engages in any of the following conduct (termination for “Cause”):

     

    (i)
      Breaching
      any material provision of this Agreement;

     

    (ii)
       Misappropriating
      funds or property of the Company;

     

    (iii)
       Securing
      any personal profit not thoroughly disclosed to and approved by the Company
      in
      connection with any transaction entered into on behalf of the
      Company;

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iv) Engaging
      in conduct, even if not in connection with the performance of his duties
      hereunder, which might be reasonably expected to result in any effect materially
      adverse to the interests of the Company, such as fraud, dishonesty, conviction
      of a felony, or other acts of moral turpitude;

     

    (v) Failing
      to fulfill and perform the duties assigned to the employee in accordance with
      the terms hereof; or

     

    (vi) Failing
      to comply with corporate policies of the Company that are promulgated from
      time
      to time by the Company’s Board of Directors. 

     

    (b)
      Termination
      in the Event of Death or Disability.

     

    (i) The
      Employer may terminate this Agreement in the event employee becomes and remains
      “Disabled” (as hereinafter defined), either physically, mentally, or otherwise,
      for a period of ninety (90) days during any consecutive period. As used herein,
      “Disabled” shall mean the continuous inability, whether mental or physical, of
      the employee to perform his normal job functions as determined by at least
      two
      (2) of three medical physicians. For purposes of such determination, the
      employee or his designee shall be entitled to appoint one physician, the Company
      shall be entitled to appoint one physician, and the two (2) physicians shall
      mutually appoint a third physician. Notwithstanding the foregoing, the employee
      or his designee and the Company may mutually agree that the employee is Disabled
      within the meaning of this Agreement.

     

    (ii) This
      Agreement shall immediately terminate upon the death of employee.

     

    (c)
      Termination
      Without Cause.
      Either
      party may terminate the employment of employee without Cause at any time upon
      written notice to the other party.

     

    6.
      Effect
      of
      Termination of Employment.

     

    

    (a)
      Termination
      for Cause.
      In the
      event of termination for Cause, the employee shall be entitled to receive his
      compensation, as determined in Section 4 of this Agreement, due or accrued
      on a
      pro rata basis to the date of termination less the amount of actual damages,
      if
      any, caused to the Company by such breach of this Agreement.

     

    (b)
      Termination
      upon death or Disability.
      In the
      event of termination for death or Disability of the employee, the employee
      or
      his estate shall be entitled to receive his compensation, as determined in
      Section 4 of this Agreement, due or accrued on a pro rata basis to the effective
      date of termination.

     

    (c)
      Termination
      Without Cause.
      In the
      event the Company terminates employee’s employment without Cause, the Company
      shall continue making payments to employee in an amount equal to the
      compensation of the employee set forth in Section 4(a) of this Agreement, as
      if
      he were still employed for six (6) months, which shall constitute the full
      and
      total amount of liquidated damages that the employee shall be entitled to
      receive from the Company and its Affiliates and their officers, directors,
      and
      employees whether arising out of contract, tort or other claims arising out
      of
      his employment relationship with the Company.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)
      Company’s
      Right to Repurchase Shares.
      In the
      event that employee’s employment is terminated by the Company for Cause or by
      employee’s voluntary departure, the Company shall have the right to repurchase
      all Common Stock owned by employee at fair market value, as defined below.
      In
      the event that employee’s employment is terminated by the Company without Cause,
      the employee shall be entitled to retain the stock he owns. The Company shall
      have the right to repurchase any unvested portion of the stock subject to the
      Option at fair market value, as defined below. “Fair market value,” for the
      purposes of this Section 6, shall be determined by a qualified business
      valuation or appraisal expert chosen jointly by the employee and the Company’s
      Board of Directors.

     

    7.
      Confidentiality,
      Non-Solicitation, and Non-Competition.
      

     

    (a)
      Confidential
      Information.
      Employee acknowledges that (i) upon execution of this Agreement and during
      the
      term of this Agreement and as a part of his employment with the Company and
      any
      subsidiaries, whether pursuant to this Agreement or otherwise, employee has
      been
      and will be afforded access to “Confidential Information” as hereinafter
      defined; (ii) public disclosure of such Confidential Information could have
      a
      material adverse impact on the Company and its business; and (iii) as a result
      of his access to such Confidential Information, employee will attain substantial
      technical expertise, skill and knowledge with respect to the Company’s business.
      Employee acknowledges that the provisions of this Section 7(a) are reasonable
      and necessary with respect to the improper use or disclosure of Confidential
      Information. As used in this Agreement, “Confidential Information” means any
      information, knowledge or data of any nature and in any form (including
      information that is electronically transmitted or stored on any form of magnetic
      or electronic storage media) relating to the past, current or prospective
      business or operations of the Company and its Affiliates, that at the time
      or
      times concerned is not generally known to persons engaged in businesses similar
      to those conducted or contemplated by the Company and its Affiliates (other
      than
      information known by such persons through a violation of an obligation of
      confidentiality to the Company), whether produced by the Company and its
      Affiliates or any of their consultants, agents or independent contractors or
      by
      employee, and whether or not marked confidential, including without limitation
      information relating to the Company’s or its Affiliates’ products and services,
      business plans, business acquisitions, processes, product or service research
      and development methods or techniques, inventions and improvements, training
      methods and other operational methods or techniques, quality assurance
      procedures or standards, operating procedures, files, plans, specifications,
      proposals, drawings, charts, graphs, support data, trade secrets, supplier
      lists, supplier information, purchasing methods or practices, distribution
      and
      selling activities, consultants’ reports, marketing and engineering or other
      technical studies, maintenance records, employment or personnel data, marketing
      data, strategies or techniques, financial reports, budgets, projections, cost
      analyses, price lists and analyses, employee lists, customer lists, customer
      source lists, proprietary computer software, and internal notes and memoranda
      relating to any of the foregoing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)
      Non-Disclosure
      of Confidential Information.
      In
      consideration of the foregoing and of continued employment by the Company and
      the compensation and benefits paid or provided and to be paid or provided to
      employee by the Company pursuant to this Agreement, employee hereby covenants
      and agrees that during the term of this Agreement and for a period of one (1)
      year thereafter, employee shall not, without the Company’s prior written consent
      or as may be required by law or legal process, disclose, communicate, divulge
      or
      make available to any person or entity (other than the Company), or use for
      any
      purpose other than for the exclusive benefit of the Company, any Confidential
      Information, whether employee has such information in his memory or embodied
      in
      writing or other physical form. Upon termination of employee’s employment
      hereunder, employee shall deliver promptly to the Company any Confidential
      Information in his possession, including any duplicates thereof and any notes
      or
      other records employee has prepared with respect thereto. In the event that
      the
      provisions of any applicable law or the order of any court would require
      employee to disclose or otherwise make available any Confidential Information
      then employee shall give the Company prompt prior written notice of such
      required disclosure and an opportunity to contest the requirement of such
      disclosure or apply for a protective order with respect to such Confidential
      Information by appropriate proceedings. Employee agrees that disclosures made
      by
      the Company or its affiliates to governmental authorities, to its customers
      or
      potential customers, to its suppliers or potential suppliers, to its employees
      or potential employees, to its consultants or potential consultants or
      disclosures made by the Company or its affiliates in any litigation or
      administrative or governmental proceedings shall not mean that the matters
      so
      disclosed are available to the general public. The foregoing, however, shall
      not
      limit the Company’s authority to determine whether or not any such information
      has been so disclosed.

     

    (c)
      Protection
      of Information.
      

     

    (i) The
      Company shall disclose to employee, or place employee in a position to have
      access to or develop, trade secrets or confidential information of the Company;
      and/or shall entrust employee with business opportunities of the Company; and/or
      shall place employee in a position to develop business good will on behalf
      of
      the Company.

     

    (ii) Employee
      agrees not to disclose or utilize, for employee’s
      personal benefit or for the direct or indirect benefit of any other person
      or
      entity, or for any other reason, whether for consideration or otherwise, during
      the term of his employment hereunder or at any time thereafter, any information,
      ideas, concepts, improvements, discoveries or inventions, whether patentable
      or
      not, which are conceived, made, developed, or acquired by employee, individually
      or in conjunction with others, during employee’s employment by the Company
      (whether during business hours or otherwise and whether on the Company’s
      premises or otherwise) which relate to the business, products, or services
      of
      the Company (including, without limitation, all such business ideas, prospects,
      proposals or other opportunities which are developed by employee during his
      employment hereunder, or originated by any third party and brought to the
      attention of employee during his employment hereunder, together with information
      relating thereto (including, without limitation, data, memoranda, opinions
      or
      other written, electronic or charted means, or any other trade secrets or other
      confidential or proprietary information of or concerning the Company))
      (collectively, “Business Information”). Moreover, all documents, drawings,
      notes, files, data, records, correspondence, manuals, models, specifications,
      computer programs, E-mail, voice mail, electronic databases, maps, and all
      other
      writings or materials of any type embodying any such Business Information are
      and shall be the sole and exclusive property of the Company. Upon termination
      of
      employee’s employment hereunder, for any reason, employee promptly shall deliver
      all Business Information, and all copies thereof, to the Company. As a result
      of
      knowledge of confidential Business Information of third parties, such as
      customers, suppliers, partners, joint ventures, and the like, of the Company,
      employee also agrees to preserve and protect the confidentiality of such third
      party Business Information to the same extent, and on the same basis, as the
      Company’s Business Information.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (iii) Employee
      agrees that, during his employment, any inventions (whether or not patentable),
      concepts, ideas, expressions, discoveries, or improvements, including, without
      limitation, products, processes, methods, publications, works of authorship,
      software programs, designs, trade secrets, technical specifications, algorithms,
      technical data, know-how, internal reports and memoranda, marketing plans and
      any other patent or proprietary rights conceived, devised, developed, or reduced
      to practice, in whole or in part, by employee during the term of his employment
      by the Company that pertain to hydrogen fuel technology and fuel cell system
      technology (the “Developments”) are the sole and exclusive property of the
      Company on a worldwide basis as works made for hire or otherwise, and further
      that any revenue or other consideration obtained from the sale, license or
      other
      transfer or conveyance of any such Development, or a product or service
      incorporating such Development, is solely for the benefit of and becomes the
      property of the Company. To the extent a Development may not be considered
      work
      made by employee for hire for the Company, employee agrees to assign, and
      automatically assigns at the time of creation of the Development, without any
      requirement of further consideration, any and all right, title and interest
      he
      may have in such Development. Employee shall preserve each such Development
      as
      confidential and proprietary information of the Company. Employee shall promptly
      disclose each such Development and shall, upon demand, at the Company’s expense,
      execute and deliver to the Company such documents, instruments, deeds, acts
      and
      things as the Company may request to evidence or maintain the Company’s
      ownership of the Development, in any and all countries of the world, or to
      effect enforcement thereof, and to assign all rights, if any, of employee in
      and
      to each of such Developments. In addition, employee agrees not to publish or
      seek to publish any information whatsoever concerning any Development without
      the prior written consent of the Company, which may be withheld in its sole
      and
      absolute discretion.

     

    (iv) Any
      inventions relating to the business of the Company that pertain to hydrogen
      fuel
      technology and fuel cell system technology conceived or reduced to practice
      after employee leaves the employ of the Company shall be conclusively deemed
      to
      have been conceived and/or reduced to practice during the period of the
      employment if conceived and/or reduced to practice within six months from
      termination of employment, and shall be subject to the terms of this Section
      7(c).

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (d)
      Non-Recruitment
      of Other Company Employees.
      During
      the term of  employee’s
      employment under this Agreement and for a period of one (1) year thereafter,
      employee will not directly or indirectly (i) recruit, solicit, encourage or
      induce any employee of the Company or any of its Affiliates to terminate such
      employment, (ii) otherwise disrupt any such employee’s relationship with the
      Company or its Affiliates, or (iii) whether individually or as owner, agent,
      employee, consultant or otherwise, hire, employ or offer employment to any
      person who is or was employed by the Company or an Affiliate thereof, whether
      or
      not such engagement is solicited by employee.

     

    (e)
      Non-Solicitation
      of Customers or Other Persons.
      

     

    (i)
       During
      the term of employee’s employment under this Agreement and for a period of one
      (1) year thereafter, employee shall not solicit, induce, or attempt to induce
      any past, current or potential customer of the Company or its Affiliates to
      (A)
      cease doing business in whole or in part with or through the Company or its
      Affiliates or otherwise disrupt any previously established relationship existing
      between such customer and the Company or its Affiliates, or (B) do business
      with
      any other person or entity which performs services materially similar to or
      competitive with those provided by the Company or its Affiliates. 

     

    (ii) During
      the term of employee’s employment under this Agreement and for a period of one
      (1) year thereafter, employee shall not solicit, induce, or attempt to induce
      any supplier, lessor, licensor, or other person who has a business relationship
      with the Company or its Affiliates, or who on the date employee’s employment
      hereunder is terminated is engaged in discussions or negotiations to enter
      into
      a business relationship with the Company or its Affiliates, to discontinue
      or
      reduce the extent of such relationship with the Company or its
      Affiliates.

     

    (f)
      Non-Competition
      with the Company.
      Employee acknowledges and agrees that the services which have been and will
      be
      performed by employee for the Company or its Affiliates, whether during his
      employment with the Company or any Affiliates otherwise than pursuant to this
      Agreement, include services of a special, unique, unusual, extraordinary and
      intellectual character. Employee further acknowledges that the business of
      the
      Company and its subsidiaries is worldwide in scope, that employee has been
      and
      will be an integral part of conceiving, developing, marketing and selling such
      products and services on a worldwide basis, and that the Company and its
      subsidiaries compete with other organizations that are or could be located
      in
      any part of the world. Employee further acknowledges that, by virtue of the
      character of his services employee will be deemed to have worked for the Company
      or its subsidiaries at any and every location and geographic area in which
      employee’s services have been or will be applied on behalf of the Company or any
      subsidiary during his employment by the Company or any subsidiary whether
      pursuant to this Agreement or otherwise, irrespective of whether or not employee
      was physically present at such location or geographic area. Therefore, employee
      hereby covenants and agrees that during the term of employee’s employment
      hereunder and for a period of one (1) year thereafter, employee will not
      directly or indirectly engage or invest in, own, manage, operate, control or
      participate in the ownership, management, operation or control of, be employed
      by, associated or connected with, or render services or advice to, any other
      business whose services, products or activities compete in whole or in part
      with
      the services, products or activities of the Company relating to Company’s
      hydrogen fuel technology and fuel cell system technology or its subsidiaries,
      within all geographic areas worldwide in which employee’s services were applied
      by the Company or its subsidiaries at any time during employee’s by the Company
      or its subsidiaries otherwise than pursuant to this Agreement.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (g)
      Reasonableness
      of Covenants.
      It is
      understood and agreed by the parties hereto that the covenants by employee
      set
      forth in this Section 7 are essential elements of this Agreement and that but
      for employee’s agreement to comply with such covenants, the Company would not
      have entered into this Agreement. The parties also acknowledge that the time,
      scope, geographic area and other provisions of Section 7(b) through 7(f) have
      been specifically negotiated at arm’s length by sophisticated commercial parties
      with peculiar knowledge of the Company’s business. It is further agreed that all
      such provisions are reasonable under the circumstances pertaining to the
      Company’s business and employee’s key role therein, and necessary for the
      protection of the Company’s legitimate business interests. The Company and
      employee have independently consulted their respective legal counsel and have
      been advised in all respects concerning the reasonableness and propriety of
      such
      covenants, with specific regard to the nature of the businesses conducted by
      the
      Company and its subsidiaries.

     

    (h)
      Injunctive
      Relief and Other Remedies with Respect to Covenants.
      Employee acknowledges and agrees that the covenants and obligations of employee
      as set forth in this Section 7 relate to special, unique and extraordinary
      matters and that a violation of any of the terms of such covenants and
      obligations will cause the Company irreparable injury for which adequate
      remedies are not available at law. Employee further agrees that if, at any
      time,
      despite express agreement of the parties hereto, a court of competent
      jurisdiction holds that any portion of Section 7(b) through 7(f) of this
      Agreement is unenforceable for any reason, the maximum permissible restrictions
      of time, scope or geographic area as determined by such court, will be
      substituted for any such restrictions held unenforceable. In the event
 employee’s
      breach (or threatened breach in the case of clause (i) below) of any of the
      covenants and obligations set forth in this Section 7, employee agrees that
      the
      Company will (i) be entitled to an injunction, restraining order or such other
      equitable relief restraining employee from violating such covenants and
      obligations contained in this Section 7, without requiring the Company to post
      any bond or surety therefore, and (ii) have no further obligation to make any
      payments to employee hereunder. These remedies are cumulative and are in
      addition to any other rights and remedies the Company may have at law or in
      equity, including, but not limited to, recovery of costs and expenses such
      as
      reasonable attorneys’ fees by reason of any such breach, actual damages
      sustained by the Company as a result of any such breach, and cancellation of
      any
      unpaid salary, bonus, commissions or reimbursements otherwise outstanding at
      such time.

     

    (i)
      Applicability
      of Certain Sections.
      Notwithstanding the foregoing, the parties agree that Sections 7(d), 7(e) and
      7(f) shall be binding upon employee only in the event that employee voluntarily
      terminates his employment hereunder during the term of this Agreement without
      the consent of the Company and in the event that employee is discharged by
      the
      Company for Disability or Cause.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    8.
      Market
      Stand-Off. In connection with any public offering by the Company of its
      equity securities pursuant to an effective registration statement filed under
      the Securities Act of 1933, including the Company’s first public offering, the
      Employee shall not directly or indirectly sell, make any short sale of, loan,
      hypothecate, pledge, offer, grant or sell any option or other contract for
      the
      purchase of, purchase any option or other contract for the sale of, or otherwise
      dispose of or transfer, or agree to engage in any of the foregoing transactions
      with respect to, any equity securities of the Company without the prior written
      consent of the Company or its underwriters, if any. Such restriction (the
“Market Stand-Off”) shall be in effect for such period of time following the
      date of the final prospectus for the offering as may be requested by the Company
      or such underwriters, if any. In no event, however, shall such period exceed
      the
      shortest such period required of any stockholder holding five percent (5%)
      or
      more of the Company’s common stock on the date hereof. The Market Stand-Off
      shall in any event terminate two (2) years after the date of the Company’s first
      public offering following the date hereof. In the event of the declaration
      of a
      stock dividend, a spin-off, a stock split, an adjustment in conversion ratio,
      a
      recapitalization or a similar transaction affecting the Company’s outstanding
      securities without receipt of consideration, any new, substituted or additional
      securities which are by reason of such transaction distributed with respect
      to
      any equity securities of the Company subject to the Market Stand-Off, or into
      which such equity securities of the Company thereby become convertible, shall
      immediately be subject to the Market Stand-Off. In order to enforce the Market
      Stand-Off, the Company may impose stop-transfer instructions with respect to
      the
      equity securities of the Company until the end of the applicable stand-off
      period. The Company’s underwriters, if any, shall be beneficiaries of the
      agreement set forth in this Subsection (c). 

     

    9.
      Successors; Binding Agreement.
      The
      terms and conditions of this Agreement shall inure to the benefit of and be
      binding upon the parties hereto and their respective successors and permitted
      assigns. Neither this Agreement nor any rights, interests or obligations
      hereunder may be assigned by any party hereto without the prior written consent
      of the other parties hereto; provided that the Company may assign any rights,
      interests or obligations
      hereunder to any successor (whether direct or indirect, by merger, purchase,
      consolidation or otherwise) to all or substantially all of the business and/or
      assets of the Company.

     

    10.
      Notice.
      All
      notices hereunder must be in writing and shall be deemed to have given upon
      receipt
      of
      delivery by: (a) personal delivery to the designated individual, (b) certified
      or registered mail, postage prepaid, return receipt requested, (c) a nationally
      recognized overnight courier service with confirmation of receipt or (d)
      facsimile transmission with confirmation of receipt. All such notices must
      be
      addressed as follows or such other address as to which any party hereto may
      have
      notified the other in writing. For the purpose of this Agreement, notices,
      demands and all other communications provided for in this Agreement shall be
      in
      writing and shall be deemed to have been duly given when delivered or (unless
      otherwise specified) mailed by United States certified or registered mail,
      return receipt requested, postage prepared, addressed as follows:

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    

    To
      the
      Company:

    

    3
      Riverway, Suite 1700

    Houston,
      Texas 77024

    Attention:
      John Sifonis

    

    To
      Employee:

    

    Eric
      J.
      Ladd

    4987
      West
      Woodbend Road

    West
      Jordan, Utah 84084

    

    or
      to
      such other address as any party may have furnished to the others in writing
      in
      accordance herewith, except that notices of change of address shall be effective
      only upon receipt.

    

    11.
      Miscellaneous.
      No
      provisions of this Agreement may be modified, waived or discharged unless such
      waiver, modification or discharge is agreed to in writing signed by employee
      and
      such officer of the Company as may be specifically designated by the Chief
      Executive Officer of the Company. No waiver by either party hereto at any time
      of any breach by the other party hereto of, or compliance with, any condition
      or
      provision of this Agreement to be performed by such other party shall be deemed
      a waiver of similar or dissimilar provisions or conditions at the same or at
      any
      prior or subsequent time. No agreements or representations, oral or otherwise
      express or implied, with respect to the subject matter hereof have been made
      by
      either party which are not set forth expressly in this Agreement.

     

    12.
      Validity.
      The
      invalidity or unenforceability of any provision or provisions of this Agreement
      shall not affect the validity or enforceability of any other provision of this
      Agreement, which shall remain in full force and effect.

     

    13.
      Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument.

     

    14.
      Entire
      Agreement.
      This
      Agreement sets forth the entire agreement of the parties hereto in respect
      of
      the subject matter contained herein and supersedes all prior agreements,
      promises, covenants, arrangements, communications, representations or
      warranties, whether oral or written, by any officer, employee or representative
      of any party hereto; and any prior agreement of the parties hereto in respect
      of
      the subject matter contained herein is hereby terminated and
      canceled.

     

    15.
      Governing
      Law.
      This
      Agreement , the entire relationship of the parties hereto, and any litigation
      between the parties (whether grounded in contract, tort, statute, law or equity)
      shall be governed by, construed in accordance with, and interpreted pursuant
      to
      the laws of the State of Texas, without giving effect to its choice of laws
      principles. Exclusive venue for any litigation between the parties hereto shall
      be in Harris County, Texas, and shall be brought in the State District Courts
      of
      Harris County, Texas, or in the United States District Court for the Southern
      District of Texas, Houston Division. The parties hereto waive any challenge
      to
      personal jurisdiction or venue (including without limitation a challenge based
      on inconvenience) in Harris County, Texas, and specifically consent to the
      jurisdiction of the State District Courts of Harris County and the United States
      District Court for the Southern District of Texas, Houston
      Division.

     

    [signatures
      appear on the following page]

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

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

     

     

    
      	
              COMPANY:

              

              TRULITE,
                INC.

              

              

               

              By: 
                

              
                

              

              Name:
                John Sifonis

              Title:
                President

              

              

              EMPLOYEE:

               

              

              

              /s/
                Eric J.
                Ladd                           
                

              Eric
                J. Ladd

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