Document:

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                                                                EXECUTION COPY

                             EMPLOYMENT AGREEMENT

         EMPLOYMENT AGREEMENT (the "Agreement") dated April 26, 2002 by and
between Premcor Inc. (the "Company") and Henry Kuchta (the "Executive").

         1. Term of Employment. Subject to the provisions of Section 8,
Executive shall be employed by the Company for a period commencing on April 26,
2002 ("Start Date") and ending on May 1, 2004 (the "Employment Term") on the
terms and subject to the conditions set forth in this Agreement; provided,
however, that commencing with May 1, 2004 and on each May 1 thereafter (each an
"Extension Date"), the Employment Term shall be automatically extended for an
additional one-year period, unless the Company or Executive provides the other
party hereto not less than 60 days prior written notice before the next
Extension Date that the Employment Term shall not be so extended.

         2. Position.

            a. During the Employment Term, Executive shall serve as the
Company's full-time Executive Vice President-Refining and Chief Operating
Officer and as the Executive Vice President-Refining and Chief Operating Officer
of The Premcor Refining Group Inc. and Premcor USA Inc. In such positions,
Executive shall have such duties and authority as shall be determined from time
to time by the Chief Executive Officer and/or Board of Directors of the Company
(the "Board").

            b. During the Employment Term, Executive shall devote Executive's
full business time and best efforts to the performance of Executive's duties
hereunder and shall not engage in any other business, profession or occupation
for compensation or otherwise which would conflict or interfere with the
rendition of such services either directly or indirectly, without the prior
written consent of the Board; provided that nothing herein shall preclude
Executive (i) from continuing to serve on any board of directors or trustees
of any business corporation or any charitable organization and (ii) subject to
the prior written approval of the Board, which approval shall not be
unreasonably withheld, from accepting appointment to any board of directors or
trustees of any business corporation or any charitable organization; provided
in each case, and in the aggregate, that such activities do not materially
conflict or interfere with the performance of Executive's duties hereunder or
conflict with Section 9.

         3. Base Salary. During the Employment Term, the Company shall pay
Executive a base salary at the annual rate of $250,000, payable in regular
installments in accordance with the Company's usual payment practices.
Executive shall be entitled to such increases in Executive's base salary, if
any, as may be determined from time to time in the sole discretion of the
Board. Executive's annual rate of base salary, as in effect from time to time,
is hereinafter referred to as the "Base Salary."

         4. Annual Bonus. With respect to each fiscal year of the Company
ending during the Employment Term, Executive shall be eligible to earn an
annual bonus award (an "Annual Bonus") if net earnings per share to common
shareholders of the Company, calculated on a fully diluted basis and according
to GAAP, as determined by the Company's outside auditors, excluding the
after-tax impact of any extraordinary or special items that the Board
determines in good faith are not appropriately includable in the Annual Bonus
calculation

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because such items do not accurately reflect the operating performance of the
Company, such as inventory write ups and write downs, LIFO adjustments, asset
purchase or sale-related gains or losses and acquisition-related write downs
("Adjusted EPS"), is at least equal to $2.50. Upon achievement of such
Adjusted EPS, the Annual Bonus shall equal fifty percent (50%) of his Base
Salary (the "Base Bonus") plus, for each $0.01 increase in the applicable
fiscal year's Adjusted EPS above $2.50 (calculated as described in the
foregoing sentence), an amount equal to one percent of Executive's Base
Salary, provided that in no event shall the Annual Bonus be greater than three
times Executive's Base Salary. The Annual Bonus shall be paid to Executive
within fifteen business days after the outside auditors approve the Company's
year-end earnings release. The Annual Bonus for 2002 shall be calculated based
on earnings from January 1, 2002, and the resulting amount multiplied by
9/12ths, to arrive at the amount due for the nine months of 2002, so long as
Executive is employed hereunder as of December 31, 2002. Annual Bonuses for
subsequent full years during which Executive is employed hereunder will
reflect the full year (January 1 through December 31).

         5. Equity Arrangements.

            a. Initial Options. Upon the date of this Agreement, the Company
shall grant to Executive stock options to purchase 50,000 shares of Company
common stock at an exercise price equal to $10 per share (the "Initial
Options"). Subject to Executive's continued employment with the Company, such
Initial Options will vest in equal installments on each of the first three
anniversaries of the date of grant, and will become fully vested upon the
occurrence of a Change in Control (as defined in the Company's 2002 Equity
Incentive Plan (the "Plan")). Other terms and conditions of the Initial
Options shall be as set forth herein, in the Plan and an option agreement
between the Company and Executive.

         b. Options at Initial Public Offering.

            (i) The Company contemplates an initial public offering of shares
of common stock pursuant to an effective registration statement filed under
the Securities Act of 1933, as amended (the "Securities Act"), and the rules
and regulations promulgated thereunder (the "Initial Public Offering") during
the year 2002. At the time, if any, of such Initial Public Offering, the
Company shall grant to Executive a stock option to purchase 25,000 shares of
Company common stock at an exercise price equal to the public offering price
per share paid by the initial purchasers in the Initial Public Offering less
the underwriting commission per share (the "IPO Options"). Subject to
Executive's continued employment with the Company, such IPO Options will vest
in equal installments on each of the first three anniversaries of the date of
grant, and will become fully vested upon the occurrence of a Change in Control
of the Company. Other terms and conditions of the IPO Options shall be as set
forth herein, in the Plan and an option agreement between the Company and
Executive.

            c. Annual Options. During the month of January in each of the
years 2003 and 2004, Executive shall receive a grant of options to purchase
25,000 shares of Company common stock at an exercise price per share equal to
Fair Market Value (as defined in the Plan) on the date of grant (the "Annual
Options"). Subject to Executive's continued employment with the Company, such
Annual Options will vest in equal installments on each of the first three
anniversaries of the date of grant, and will become fully vested upon the
occurrence of a Change

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in Control of the Company. Other terms and conditions of the Annual Options
shall be as set forth herein, in the Plan and an option agreement between the
Company and Executive. If the Company should, prior to any Annual Option
grant, be involved in any merger, reorganization, stock split or spinoff or
other similar event, the number of shares subject to the Annual Options yet to
be granted, as provided above, shall be adjusted on a pro rata basis.
Executive's Initial Options, IPO Options and Annual Options are herein
collectively referred to as the "Executive Options".

            d. Restrictions. All shares acquired by exercise of the Executive
Options shall be subject to (x) standard lock-up restrictions as recommended
by the underwriter following the Company's Initial Public Offering and any
subsequent sales of shares of common stock to the public, and (y) the terms
and conditions specified in Appendix A hereto, which are hereby incorporated
into this Agreement with the same effect as if they had been set forth herein.

         6. Employee Benefits. During the Employment Term, Executive shall be
entitled to participate in the Company's employee benefit plans (which term
does not include bonus or incentive compensation plans), other than any
non-qualified pension plan or any severance pay plan, as in effect from time
to time (collectively "Employee Benefits"), on the same basis as those
benefits are generally made available to other senior executives of the
Company. Executive shall also be entitled to participate in any senior executive
retirement plan as may be adopted hereafter by the Company.

         7. Business Expenses. During the Employment Term, reasonable business
expenses incurred by Executive in the performance of Executive's duties
hereunder shall be reimbursed by the Company following presentation by
Executive of proof of such expenses, as and when reasonably required by the
Company.

         8. Termination. The Employment Term and Executive's employment
hereunder may be terminated by the Company at any time and for any reason or
by Executive for Good Reason. Notwithstanding any other provision of this
Agreement (other than Section 13(h)), the provisions of this Section 8 shall
exclusively govern Executive's rights upon termination of employment with the
Company and its affiliates.

            a. By the Company For Cause or By Executive Resignation Without
Good Reason.

            (i) If Executive's employment is terminated by the Company for
Cause, or if Executive resigns without Good Reason, Executive shall be
entitled to receive:

                  (A) the Base Salary through the date of termination;

                  (B) any Annual Bonus earned but unpaid as of the date of
         termination for any previously completed fiscal year (including, if
         applicable, 2002);

                  (C) reimbursement for any unreimbursed business expenses
         properly incurred by Executive in accordance with this Agreement
         prior to the date of Executive's termination;

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                  (D) such Employee Benefits, if any, as to which Executive
         may be entitled under the employee benefit plans of the Company (the
         amounts described in clauses (A) through (D) hereof being referred to
         as the "Accrued Rights"); and

                  (E) the benefits as provided pursuant to the Premcor Senior
         Executive Retirement Plan, if it has previously become vested,
         accrued in respect to any prior fiscal year.

         Following such termination of Executive's employment by the Company for
Cause or resignation by Executive without Good Reason, except as set forth in
this Section 8(a)(i), in the Plan and any applicable option agreement, Executive
shall have no further rights to any compensation or any other benefits under
this Agreement.

            (ii) For purposes of this Agreement, "Cause" shall mean (A)
Executive's continued failure substantially to perform Executive's duties
hereunder (other than as a result of total or partial incapacity due to physical
or mental illness) for a period of 20 days following written notice by the
Company to Executive of such failure, (B) Executive's conviction of, or plea of
nolo contendere to a crime constituting (x) a felony under the laws of the
United States or any state thereof or (y) a misdemeanor involving moral
turpitude, (C) Executive's willful malfeasance or willful misconduct in
connection with Executive's duties hereunder or any act or omission which is
injurious to the financial condition or business reputation of the Company or
any of its subsidiaries or affiliates, other than an act or omission that was
committed or omitted by Executive in the good faith belief that it was in the
best interest of the Company or (D) Executive's breach of the provisions of
Sections 9 or 10 of this Agreement.

         b. Disability or Death.

            (i) The Employment Term and Executive's employment hereunder shall
terminate upon Executive's death and may be terminated by the Company if
Executive becomes physically or mentally incapacitated and is therefore unable
for a period of six (6) consecutive months or for an aggregate of nine (9)
months in any twenty-four (24) consecutive month period to perform Executive's
duties (such incapacity is hereinafter referred to as "Disability"). Any
question as to the existence of the Disability of Executive as to which
Executive and the Company cannot agree shall be determined in writing by a
qualified independent physician mutually acceptable to Executive and the
Company. If Executive and the Company cannot agree as to a qualified independent
physician, each shall appoint such a physician and those two physicians shall
select a third who shall make such determination in writing. The determination
of Disability made in writing to the Company and Executive shall be final and
conclusive for all purposes of the Agreement.

            (ii) Upon termination of Executive's employment hereunder for
either Disability or death, Executive or Executive's estate (as the case may
be) shall be entitled to receive:

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                  (A) the Accrued Rights;

                  (B) a pro rata portion of any Annual Bonus, if any, that
         Executive would have been entitled to receive pursuant to Section 4
         hereof in such year based upon the percentage of the fiscal year that
         shall have elapsed through the date of Executive's termination of
         employment, payable when such Annual Bonus would have otherwise been
         payable had Executive's employment not terminated; and

                  (C) any vested benefit as provided in the Premcor Senior
         Executive Retirement Plan, accrued to the date of termination of
         employment.

         Following Executive's termination of employment due to death or
Disability, except as set forth in this Section 8(b)(ii), in the Plan and any
applicable option agreement, Executive shall have no further rights to any
compensation or any other benefits under this Agreement.

                  c. By the Company Without Cause or Resignation by Executive
for Good Reason.

                  (i) If Executive's employment is terminated by the Company
without Cause (other than by reason of death or Disability) or if Executive
resigns for Good Reason, Executive shall be entitled to receive:

                  (A) the Accrued Rights;

                  (B) subject to Executive's continued compliance with the
provisions of Sections 9 and 10, payment, within 60 days of the date of
termination of Executive's employment, of a lump sum equal to three times the
sum of Executive's Base Salary and Base Bonus; and

                  (C) the benefits as provided in the Premcor Senior Executive
Retirement Plan, whether or not previously vested.

         Following Executive's termination of employment by the Company
without Cause (other than by reason of Executive's death or Disability) or by
Executive's resignation for Good Reason, except as set forth in this Section
8(c)(i), and the Plan and any applicable option agreement, Executive shall
have no further rights to any compensation or any other benefits under this
Agreement.

                  (ii) For purposes of this Agreement, "Good Reason" shall
mean, without Executive's consent, (A) the failure of the Company to pay or
cause to be paid Executive's Base Salary or Annual Bonus, when due hereunder,
(B) any substantial and sustained diminution in Executive's authority or
responsibilities from those described in Section 2 hereof or (C) relocation of
Executive's principal place of business by more than 30 miles, provided that
relocation to St. Louis, MO or Greenwich, CT shall not constitute Good Reason;
provided that the events described in clauses (A), (B) and (C) of this Section
8(c)(ii) shall constitute Good Reason only if the Company fails to cure such
event within 20 days after receipt from Executive of written notice of the
event which constitutes Good Reason; provided, further, that "Good

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Reason" shall cease to exist for an event on the 90th day following the later
of its occurrence or Executive's knowledge thereof, unless Executive has given
the Company written notice thereof prior to such date.

                  d. Expiration of Employment Term.

         (i) Election Not to Extend the Employment Term. In the event either
party elects not to extend the Employment Term pursuant to Section 1, unless
Executive's employment is earlier terminated pursuant to paragraphs (a), (b)
or (c) of this Section 8, Executive's termination of employment hereunder
(whether or not Executive continues as an employee of the Company thereafter)
shall be deemed to occur on the close of business on the day immediately
preceding the next scheduled Extension Date. If Executive provides the Company
notice of non-extension of the Employment Term pursuant to Section 1,
Executive shall be entitled to receive the Accrued Rights. If the Company
provides Executive notice of non-extension of the Employment Term pursuant to
Section 1, Executive shall be entitled to receive the benefits provided in
Sections 8(c)(i)(A) - (C), above.

         Following such termination of Executive's employment hereunder as a
result either party's election not to extend the Employment Term, except as
set forth in this Section 8(d)(i), Executive shall have no further rights to
any compensation or any other benefits under this Agreement.

                  e. Notice of Termination. Any purported termination of
employment by the Company or by Executive (other than due to Executive's death)
shall be communicated by written Notice of Termination to the other party hereto
in accordance with Section 13(g) hereof. For purposes of this Agreement, a
"Notice of Termination" shall mean a notice which shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of employment under the provision so indicated.

                  f. Board/Committee Resignation. Upon termination of
Executive's employment for any reason, Executive agrees to resign, as of the
date of such termination and to the extent applicable, from the Board (and any
committees thereof) and the Board of Directors (and any committees thereof) of
any of the Company's affiliates.

         9. Non-Solicitation; Non-Competition.

                  a. Executive acknowledges and recognizes the highly
competitive nature of the businesses of the Company and its affiliates and
accordingly agrees as follows:

         (1) While Executive is employed by the Company and for six months
following the date Executive ceases to be employed by the Company (the
"Restricted Period"), Executive shall not, whether on Executive's own behalf
or on behalf of or in conjunction with any person, company, business entity or
other organization whatsoever, directly or indirectly

                  (i)  solicit, or assist in soliciting, in competition with
                       the Company, the potential acquisition of refining
                       assets in the United States;

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                  (ii) solicit or encourage any employee of the Company or its
                       affiliates to leave the employment of the Company or
                       its affiliates;

                 (iii) hire any such person who was employed by the Company or
                       its affiliates as of the date of Executive's
                       termination of employment with the Company or whose
                       employment with the Company terminated within six
                       months prior to the date of such hire (other than any
                       such person whose employment was terminated by the
                       Company without cause); or

                  (iv) solicit or encourage to cease to work with the Company
                       or its affiliates any consultant then under contract
                       with the Company or its affiliates.

              (2)      While Executive is employed by the Company and, following
termination of employment by the Company for Cause or by Executive without
Good Reason, for the remainder of the Employment Term (without regard to
Executive's termination of employment), Executive shall not directly or
indirectly:

                  (i)  engage in the business of petroleum refining or oil
                       product wholesaling in the United States

                  (ii) engage in any other business in which the Company or
                       its affiliates is engaged at the time of the
                       termination of Executive's employment, provided such
                       other business is contributing more than 10% of the
                       Company's consolidated annual revenues or net income at
                       the time of the termination of Executive's employment
                       (any of the businesses described in the preceding
                       subparagraph (i) and this subparagraph (ii) being
                       referred to as a "Competitive Business");

                 (iii) enter the employ of, or render any services to, any
                       entity (or any division, affiliate, business unit or
                       segment of any entity) which engages in a Competitive
                       Business; provided that, notwithstanding the foregoing,
                       it shall not be a breach of Section 9(a)(2) for
                       Executive to provide services to any division,
                       affiliate, business unit or segment of any entity so
                       long as (x) such division, affiliate, business unit or
                       segment does not itself engage in a Competitive
                       Business and (y) Executive does not, directly or
                       indirectly, provide services or advice to any division,
                       affiliate, business unit or segment of the entity that
                       does engage in a Competitive Business;

                  (iv) acquire a financial interest in (other than a passive
                       investment acquired through a hedge fund or similar
                       vehicle), or otherwise become actively involved with,
                       any Competitive Business, directly or indirectly, as an
                       individual, partner, shareholder, officer, director,
                       principal, agent, trustee or consultant; or

                  (v)  interfere with, or attempt to interfere with, business
                       relationships (whether formed before, on or after the
                       date of this Agreement) between the Company or any of
                       its affiliates and their customers, clients or
                       suppliers in connection with or on behalf of a
                       Competitive Business.

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              (3)    Notwithstanding anything to the contrary in this Agreement,
Executive may, directly or indirectly own, solely as an investment, securities
of any person engaged in the business of the Company or its affiliates which
are publicly traded on a national or regional stock exchange or on the
over-the-counter market if Executive (i) is not a controlling person of, or a
member of a group which controls, such person and (ii) does not, directly or
indirectly, own 5% or more of any class of securities of such person.

                  b. It is expressly understood and agreed that although
Executive and the Company consider the restrictions contained in this Section
9 to be reasonable, if a final judicial determination is made by a court of
competent jurisdiction that the time or territory or any other restriction
contained in this Agreement is an unenforceable restriction against Executive,
the provisions of this Agreement shall not be rendered void but shall be
deemed amended to apply as to such maximum time and territory and to such
maximum extent as such court may judicially determine or indicate to be
enforceable. Alternatively, if any court of competent jurisdiction finds that
any restriction contained in this Agreement is unenforceable, and such
restriction cannot be amended so as to make it enforceable, such finding shall
not affect the enforceability of any of the other restrictions contained
herein.

            10. Confidentiality. Executive agrees to hold all Company
information confidential ("Confidential Information") and shall not at any
time disclose, retain, or use such Confidential Information for Executive's
own benefit or the benefit of any other person, without the written
authorization of the Board; provided that the foregoing shall not apply to the
extent that information is required to be disclosed by law. Executive agrees
that upon termination of Executive's employment with the Company for any
reason, he shall return to the Company immediately all Confidential
Information and all copies thereof or therefrom, in any way relating to the
business of the Company.

            11. Specific Performance. Executive acknowledges and agrees that
the Company's remedies at law for a breach or threatened breach of any of the
provisions of Section 9 or Section 10 would be inadequate and the Company
would suffer irreparable damages as a result of such breach or threatened
breach. In recognition of this fact, Executive agrees that, in the event of
such a breach or threatened breach, in addition to any remedies at law, the
Company, without posting any bond, shall be entitled to cease making any
payments or providing any benefit otherwise required by this Agreement and
obtain equitable relief in the form of specific performance, temporary
restraining order, temporary or permanent injunction or any other equitable
remedy which may then be available.

            12. Gross-Up Payment.

                  a. If it shall be determined that any amount, right or
benefit paid, distributed or treated as paid or distributed by the Company or
any of its affiliates to or for Executive's benefit (other than any amounts
payable pursuant to this Section 12) (a "Payment") would be subject to the
excise tax imposed by Section 4999 of the Internal Revenue Code of 1986 (the
"Code"), or any interest or penalties are incurred by Executive with respect
to such excise tax (such excise tax, together with any such interest and
penalties, collectively, the "Excise Tax"), then Executive shall be entitled
to receive an additional payment (a "Gross-Up Payment") in an amount equal to
the amount necessary such that after payment by Executive of

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all federal, state and local taxes (including any interest or penalties
imposed with respect to such taxes), including, without limitation, any income
taxes (and any interest and penalties imposed with respect thereto) and Excise
Tax imposed upon the Gross-Up Payment, Executive retains an amount of the
Gross-Up Payment equal to the Excise Tax imposed upon the Payments.

                  b. All determinations required to be made under this Section
12, including whether and when a Gross-Up Payment is required, the amount of
such Gross-Up Payment and the assumptions to be utilized in arriving at such
determination, shall be made by the Company's independent auditors (the
"Auditor"). The Auditor shall provide detailed supporting calculations to both
the Company and Executive within 15 business days of the receipt of notice
from Executive or the Company that there has been a Payment, or such earlier
time as is requested by the Company. All fees and expenses of the Auditor
shall be paid by the Company. Any Gross-Up Payment, as determined pursuant to
this Section 12, shall be paid by the Company to Executive (or to the Internal
Revenue Service or other applicable taxing authority on Executive's behalf)
within 5 days of the receipt of the Auditor's determination. All
determinations made by the Auditor shall be binding upon the Company and
Executive; provided that following any payment of a Gross-Up Payment to
Executive (or to the Internal Revenue Service or other applicable taxing
authority on Executive's behalf), the Company may require Executive to sue for
a refund of all or any portion of the Excise Taxes paid on Executive's behalf,
in which event the provisions of Section 12(c) below shall apply. As a result
of uncertainty regarding the application of Section 4999 of the Code
hereunder, it is possible that the Internal Revenue Service may assert that
Excise Taxes are due that were not included in the Auditor's calculation of
the Gross-Up Payments (an Underpayment"). In the event that the Company
exhausts its remedies pursuant to this Section 12 and Executive thereafter is
required to make a payment of any Excise Tax, the Auditor shall determine the
amount of the Underpayment that has occurred and any additional Gross-Up
Payments that are due as a result thereof shall be promptly paid by the
Company to Executive (or to the Internal Revenue Service or other applicable
taxing authority on Executive's behalf).

                  c. Executive shall notify the Company in writing of any
claim that, if successful, would require the payment by the Company of the
Gross-Up Payment. Such notification shall be given as soon as practicable but
no later than 10 business days after Executive receives written notification
of such claim and shall apprise the Company of the nature of such claim and
the date on which such claim is requested to be paid. Executive shall not pay
such claim prior to the expiration of the 30 day period following the date on
which it gives such notice to the Company) (or such shorter period ending on
the date that any payment of taxes with respect to such claim is due). If the
Company notifies Executive in writing prior to the expiration of such period
that it desires to contest such claim, Executive shall: (i) give the Company
all information reasonably requested by the Company relating to such claim;
(ii) take such action in connection with contesting such claim as the Company
shall reasonably request in writing from time to time, including, without
limitation, accepting legal representation with respect to such claim by an
attorney reasonably selected by the Company and ceasing all efforts to contest
such claim; (iii) cooperate with the Company in good faith in order to
effectively contest such claim; and (iv) permit the Company to participate in
any proceeding relating to such claim; provided, however, that the Company
shall bear and pay directly all reasonable costs and expenses (including
additional interest and penalties) incurred in connection with such contest
and shall indemnify and hold the Executive harmless, on an after-tax basis,
from any Excise Tax

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or income tax (including interest and penalties with respect thereto) imposed as
a result of such representation and payment of costs and expense. Without
limiting the foregoing provisions of this Section 12, the Company shall control
all proceedings taken in connection with such contest and, at its sole option,
may pursue or forego any and all administrative appeals, proceedings, hearings
and conferences with the taxing authority in respect of such claim and may, at
its sole option, either direct Executive to pay the tax claimed and sue for a
refund or contest the claim in any permissible manner, and Executive agrees to
prosecute such contest to a determination before any administrative tribunal, in
a court of initial jurisdiction and in one or more appellate courts, as the
Company shall determine and direct; provided, however that if the Company
directs the Executive to pay such claim and sue for a refund, the Company shall
advance the amount of such payment to the Executive, on an interest-free basis,
and shall indemnify and hold the Executive harmless, on an after-tax basis, from
any Excise Tax or income tax (including interest or penalties with respect
thereto) imposed with respect to such advance or with respect to any imputed
income with respect to such advance; and further provided that any extension of
the statute of limitations relating to payment of taxes for Executive's taxable
year with respect to which such contested amount is claimed to be due is limited
solely to such contested amount. Furthermore, the Company's control of the
contest shall be limited to issues with respect to which a Gross-Up Payment
would be payable hereunder and the Executive shall be entitled to settle or
contest, as the case may be, any other issue raised by the Internal Revenue
Service or any other taxing authority.

                  d. If, after the Executive's receipt of an amount advanced
by the Company pursuant to this Section 12, the Executive becomes entitled to
receive any refund with respect to such claim, the Executive shall promptly
pay to the Company the amount of such refund (together with any interest paid
or credited thereon after taxes applicable thereto). If, after the Executive's
receipt of an amount advanced by the Company pursuant to this Section 12, a
determination is made that the Executive shall not be entitled to any refund
with respect to such claim and the Company does not notify the Executive in
writing of its intent to contest such denial of refund prior to the expiration
of 30 days after the Company's receipt of notice of such determination, then
such advance shall be forgiven and shall not be required to be repaid and the
amount of such advance shall offset, to the extent thereof, the amount of
Gross-Up Payment required to be paid.

         13. Miscellaneous.

                  a. Governing Law; Jurisdiction. This Agreement shall be
governed by and construed in accordance with the laws of the State of New
York, without regard to conflicts of laws principles thereof. Any suit, action
or proceeding related to this Agreement, or any judgment entered by any court
related to this Agreement, may be brought only in any court of competent
jurisdiction in the State of New York, and the parties hereby submit to the
exclusive jurisdiction of such courts. The parties (and any affiliates of the
Company or beneficiary or permitted transferee of Executive) irrevocably waive
any objections which they may now or hereafter have to the laying of venue of
any suit, action or proceeding brought in any court of competent jurisdiction
in the State of New York, and hereby irrevocably waive any claim that any such
action, suit or proceeding has been brought in an inconvenient forum.

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                  b. Entire Agreement; Amendments. This Agreement contains the
entire understanding of the parties with respect to the matters herein
(including, without limitation, Executive's compensation, benefits and
severance). There are no restrictions, agreements, promises, warranties,
covenants or undertakings between the parties with respect to the subject
matter herein other than those expressly set forth herein. This Agreement may
not be altered, modified, or amended except by written instrument signed by
the parties hereto.

                  c. No Waiver. The failure of a party to insist upon strict
adherence to any term of this Agreement on any occasion shall not be
considered a waiver of such party's rights or deprive such party of the right
thereafter to insist upon strict adherence to that term or any other term of
this Agreement.

                  d. Severability. In the event that any one or more of the
provisions of this Agreement shall be or become invalid, illegal or
unenforceable in any respect, the validity, legality and enforceability of the
remaining provisions of this Agreement shall not be affected thereby.

                  e. Assignment. This Agreement shall not be assignable by
Executive. This Agreement may be assigned by the Company, with Executive's
consent, such consent not to be unreasonably withheld, to a person or entity
that is a successor in interest to substantially all of the business
operations of the Company. Upon such assignment, the rights and obligations of
the Company hereunder shall become the rights and obligations of such
affiliate or successor person or entity.

                  f. Successors; Binding Agreement. This Agreement shall inure
to the benefit of and be binding upon personal or legal representatives,
executors, administrators, successors, heirs, distributes, devises and
legatees of the Executive.

                  g. Notice. For the purpose of this Agreement, notices and
all other communications provided for in the Agreement shall be in writing and
shall be deemed to have been duly given when delivered by hand or overnight
courier or five days after it has been mailed by United States registered
mail, return receipt requested, postage prepaid, addressed to the respective
addresses set forth below Agreement, or to such other address as either party
may have furnished to the other in writing in accordance herewith, except that
notice of change of address shall be effective only upon receipt.

                  If to the Company:

                  Premcor Inc.
                  8182 Maryland Avenue
                  Suite 600
                  St. Louis, MO  63105
                  Attention:  General Counsel

<PAGE>

                                                                            12

                  With a copy to:

                  The Blackstone Group, L.P.
                  345 Park Avenue
                  New York, NY  10154
                  Attention:  Robert L. Friedman

                  If to Executive:

                  Henry Kuchta
                  6 Hussars Camp Place
                  Ridgefield, CT 06877

                  h. Release. As a condition of receipt of the benefits
described in Section 8, Executive will be required to enter into a full and
complete release of the Company from any and all claims which Executive may
then have for whatever reason or cause in connection with Executive's
employment and the termination thereof (including, without limitation, any
rights under an employment agreement which may then be in effect), other than
those obligations specifically set out in this Agreement, the Plan,
indemnification provisions in the Company's by-laws and obligations of the
Company to the extent that the documents providing for such obligations
specifically provide that the obligations are in addition to obligations under
this Agreement.

                  i. Disputes. Any dispute with regard to the enforcement of
this Agreement or any matter relating to the employment of Executive by the
Company including but not limited to disputes relating to claims of employment
discrimination, alleged torts or any violation of law other than the seeking
of equitable relief in accordance with applicable law under Section 11 hereof,
shall be exclusively resolved by a single experienced arbitrator licensed to
practice law in New York, selected in accordance with the American Arbitration
Association rules and procedures, at an arbitration to be conducted in New
York City pursuant to the National Rules for the Resolution of Employment
Disputes rules of the American Arbitration Association ("AAA") with the
arbitrator applying the substantive law of the State of New York as provided
for under Section 13(a) hereof. The AAA shall provide the parties hereto with
lists for the selection of arbitrators composed entirely of arbitrators who
are members of the National Academy of Arbitrators and who have prior
experience in the arbitration of disputes between employers and senior
executives. The determination of the arbitrator shall be final and binding on
the parties hereto and judgment therein may be entered in any court of
competent jurisdiction in accordance with Section 13(a). Each party shall pay
its own attorneys fees and disbursements and other costs of the arbitration.

                  j. Executive Representation. Executive hereby represents to
the Company that the execution and delivery of this Agreement by Executive and
the Company and the performance by Executive of Executive's duties hereunder
shall not constitute a breach of, or otherwise contravene, the terms of any
employment agreement or other agreement or policy to which Executive is a
party or otherwise bound.

<PAGE>

                                                                              13

                  k. Cooperation. Executive shall provide his reasonable
cooperation in connection with any action or proceeding (or any appeal from
any action or proceeding) that relates to events occurring during Executive's
employment hereunder. The Company shall provide Executive with a reasonable
stipend and shall reimburse Executive for reasonable expenses incurred as a
result of Executive's cooperation with the Company. This provision shall
survive any termination of this Agreement.

                  l. Withholding Taxes. The Company may withhold from any
amounts payable under this Agreement such Federal, state and local taxes as
may be required to be withheld pursuant to any applicable law or regulation.

                  m. Counterparts. This Agreement may be signed in
counterparts, each of which shall be an original, with the same effect as if
the signatures thereto and hereto were upon the same instrument.

                  n. Shareholder Approval. This Agreement shall be subject to,
and shall only be effective following, the approval of the Company's
shareholders as of the date hereof who owned, as of the date hereof, more than
75% of the voting power of all outstanding stock of the Company, determined
and obtained in a manner consistent with the methodology described in proposed
Treasury Regulation Section 1.280G-1, or any successor thereto.

<PAGE>

                                                                            14

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Agreement as of the day and year first above written.

         PREMCOR INC.

/s/ Thomas D. O'Malley                                /s/ Henry Kuchta
-------------------------------                      ---------------------------
By:      THOMAS D. O'MALLEY                                   HENRY KUCHTA
Title:   Chairman, President and
         Chief Executive Officer

<PAGE>

                                  APPENDIX A

                  Pursuant to the employment agreement between Premcor Inc.
(the "Company") and the Executive dated as of April 15, 2002 (the "Employment
Agreement"), the Executive has been or will be granted Initial Options, IPO
Options, and Annual Options (each as defined in the Employment Agreement;
collectively, the "Options") to purchase shares of Common Stock ("Common
Stock" or "Shares") of the Company (the "Executive Shares") pursuant to the
Company's 2002 Equity Incentive Plan (the "Plan") and one or more option
agreements. All capitalized terms not defined herein shall have the meaning
prescribed by the Employment Agreement.

                  The Company and the Executive agree to the following terms
and conditions:

                  1. Limitations on Transfer. (a) The Executive hereby agrees
that, except for any transfer, sale, assignment, exchange, mortgage, pledge,
hypothecation or other disposition of any Executive Shares or any interest
therein ("Transfer") effected pursuant to an effective registration statement
filed under the Securities Act, no Transfer shall occur unless the Company has
been furnished with an opinion in form and substance reasonably satisfactory
to the Company, of counsel reasonably satisfactory to the Company, that such
Transfer is exempt from the provisions of Section 5 under the Securities Act.

                  (b) The Executive hereby agrees that, except for Transfers
in connection with a sale of shares of Common Stock to the public pursuant to
an effective registration statement filed under the Securities Act ("Public
Offering"), Transfers pursuant to Rule 144 (other than Rule 144(k)) under the
Securities Act and Transfers pursuant to Section 4 or 5, no Transfer shall
occur unless the transferee shall agree to become a party to, and be bound to
the same extent as its transferor by the terms of, this Appendix A.

                  2. Transfers to Affiliates. Notwithstanding anything
contained herein to the contrary, the Executive shall be entitled from time to
time to Transfer any or all of the Executive Shares beneficially owned by the
Executive to the Executive's spouse or descendants, or to a trust for the
primary benefit of the Executive's spouse or descendants, or to a foundation
established and controlled by the Executive, the Executive's spouse, the
Executive's descendants or such trusts, or to any other entity the owners of
which consist exclusively of the Executive, the Executive's spouse, the
Executive's descendants or such trusts ("Permitted Affiliate"), that, in each
such case, agree in writing satisfactory in form and substance to the Company
to become a party to, and be bound to the same extent as its transferor by the
terms of this Appendix A.

                  3. Effect of Void Transfers. In the event of any purported
Transfer of any shares of Common Stock in violation of the provisions of this
Appendix A, such purported Transfer shall be void and of no effect and the
Company shall not give effect to such Transfer.

                  4. Tag-Along Rights. (a) So long as this Appendix A remains
in effect and Blackstone Capital Partners III Merchant Banking Fund L.P. and
its affiliated co-investors in the Company (collectively, "Blackstone")
beneficially owns not less than one-fourth of the Common Stock owned by
Blackstone on the date hereof, with respect to any proposed Transfer by
Blackstone (in such capacity, a "Transferring Stockholder") of 50% or more of
the shares of Common Stock then held by Blackstone, other than a Transfer (A)
to any affiliate of Blackstone

<PAGE>

or any stockholder, partner or other equity owner of any such affiliate or
Blackstone or (ii) pursuant to a Public Offering, the Transferring Stockholder
shall have the obligation, and the Executive and the Permitted Affiliates
shall have the right, to require the proposed transferee to offer to purchase
from the Executive and the Permitted Affiliates (in such capacity, a "Tagging
Stockholder") a number of the Executive Shares up to the product (rounded up
to the nearest whole number) of (A) the quotient determined by dividing (x)
the aggregate number of Shares owned by Blackstone to be included in the
contemplated Transfer by (y) the aggregate number of Shares owned by
Blackstone immediately prior to the contemplated Transfer and (B) the total
number of Executive Shares owned by the Tagging Stockholder, and at the same
price per share of Common Stock and upon the same terms and conditions
(including without limitation time of payment and form of consideration)
applicable to the Transferring Stockholder; provided, that in order to be
entitled to exercise his right to sell shares of Common Stock to the proposed
transferee pursuant to this Section 4, the Tagging Stockholder must agree to
make to the transferee the same representations, warranties, covenants,
indemnities and agreements that the Transferring Stockholder agrees to make in
connection with the proposed Transfer of the shares of Common Stock of the
Transferring Stockholder; and provided further, that all representations and
warranties shall be made by the Tagging Stockholder and the Transferring
Stockholder severally and not jointly and that the liability of the
Transferring Stockholder and the Tagging Stockholder (whether pursuant to a
representation, warranty, covenant, indemnification provision or agreement)
for liabilities in respect of the Company shall be evidenced in writings
executed by them and the transferee and shall be borne by each of them on a
pro rata basis.

                  (b) The Transferring Stockholder shall give notice to the
Executive of each proposed Transfer giving rise to the rights of the Tagging
Stockholder set forth in the first sentence of Section 4(a) at least 15
business days prior to the proposed consummation of such Transfer, setting
forth the number of shares of Common Stock proposed to be so transferred, the
name and address of the proposed transferee, the proposed amount and form of
consideration and the other terms and conditions offered by the proposed
transferee, and a representation that the proposed transferee has been
informed of the tag-along rights provided for in this Section 4 and has agreed
to purchase shares of Common Stock in accordance with the terms hereof. The
tag-along rights provided by this Section 4 must be exercised by the Tagging
Stockholder within five business days following receipt of the notice required
by the preceding sentence, by delivery of a written notice to the Transferring
Stockholder indicating such Tagging Stockholder's desire to exercise his
rights and specifying the number of shares of Common Stock he desires to sell.

                  (c) If the Tagging Stockholder exercises his rights under
Section 4(a), the closing of the purchase of the Executive Shares with respect
to which such rights have been exercised shall take place concurrently with
the closing of the sale of the Transferring Stockholder's Shares.

                  5. Drag-Along Rights. So long as this Appendix A shall
remain in effect and Blackstone beneficially owns not less than one-fourth of
the Common Stock owned by Blackstone on the date hereof, if Blackstone
receives, in a privately negotiated transaction, an offer from a person other
than the Executive or any of his affiliates (a "Third Party") to purchase 50%
or more of the shares of Common Stock then owned by Blackstone and such offer
is accepted by Blackstone, then, at the request of Blackstone, the Executive
agrees that he will Transfer the Applicable Number (as defined below) of
Executive Shares to such Third Party

                                                                             2
<PAGE>

upon the terms and conditions of the offer (including without limitation time
of payment and form of consideration) applicable to Blackstone, provided that
the Executive must agree to make to the Third Party the same representations,
warranties, covenants, indemnities and agreements that Blackstone agrees to
make in connection with the proposed Transfer; and provided further, that all
representations and warranties shall be made by the Executive and Blackstone
severally and not jointly and that the liability of the Executive and
Blackstone (whether pursuant to a representation, warranty, covenant,
indemnification provision or agreement) for liabilities in respect of the
Company shall be evidenced in writings executed by them and the Third Party
and shall be borne by each of them on a pro rata basis. The "Applicable
Number" shall mean a number (rounded up to the nearest whole number) equal to
the product of (i) the quotient determined by dividing (A) the aggregate
number of shares owned by Blackstone to be included in the contemplated
Transfer by (B) the aggregate number of shares owned by Blackstone immediately
prior to the contemplated Transfer and (ii) the total number of Executive
Shares.

                  6. Right of First Refusal. In the event Executive or a
Permitted Affiliate (other than to a Permitted Affiliate) enters into an
agreement prior to the consummation of the Company's Initial Public Offering
to transfer Executive Shares, the transferor shall give written notice to
Blackstone of the proposed Transfer, including a complete copy of any written
agreement and a complete and accurate summary of any unwritten agreements
relating to the proposed Transfer, no later than ten days prior to the date of
the proposed Transfer. By written notice given to the transferor no later than
seven days after receipt of such notice and description, Blackstone may
purchase the Shares proposed to be Transferred on the same terms and
conditions.

                  7. Additional Securities Subject to Appendix A. The
Executive agrees that all shares of Common Stock that he shall hereafter
acquire by means of a stock split, stock dividend, or distribution shall track
the rights and obligations applicable to the Executive Shares to which such
split, stock dividend or distribution relates.

                                                                             3<PAGE>

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT is made and entered into as of the first day
of February 1, 2001, by and between ZENASCENT, INC., a Delaware corporation
maintaining its principal offices at 1 World Trade Center, Suite 7967, New York,
New York 10048 (the "Company") and ADAM GOLDBERG ("Employee"), an individual
residing at 330 16th Street, Brooklyn, New York, 11215.

                              W I T N E S S E T H:

         WHEREAS, the Company desires to employ Employee as President and
Employee desires to gain employment as President of the Company; and

         WHEREAS, Employee is willing to accept such employment, upon the terms
and conditions hereinafter set forth.

         NOW, THEREFORE, in consideration of the mutual covenants and conditions
hereinafter set forth, the parties hereto agree as follows:

         1. EMPLOYMENT OF EMPLOYEE AND SERVICES TO BE RENDERED. The Company
hereby engages Employee as President and Employee agrees that he shall perform
such duties as are customarily rendered by such an employee, as well as such
duties described in Section 3 below.

         2. TERM. The Company hereby engages Employee, and Employee hereby
accepts the engagement described hereunder, for a period from the date hereof to
the first anniversary of the date hereof, subject to prior termination by mutual
agreement of the parties hereto or hereinafter provided.

         3. POSITION AND DUTIES. Employee shall serve as the Company's President
on a full-time basis. In connection with his responsibilities as President,
Employee shall oversee all day-to-day operations of the Vice President of the
Company. In connection with these duties, Employee shall report directly to the
Company's Board of Directors. Employee shall also have such powers and duties as
may from time to time be prescribed by the Board of Directors or bylaws of the
Company.

         4. COMPENSATION.

              4.1 Salary. For Employee's services hereunder, the Company shall:

                   (i)  pay the Employee one thousand dollars ($1,000) per
                        month, payable on the first day following each month of
                        employment; and

<PAGE>

                   (ii) upon completion of this Agreement, grant and deliver to
                        the Employee an option (an "Option") to purchase from
                        the Company thirty thousand (30,000) shares of the
                        Company's Common Stock, $0.01 par value per share (the
                        "Shares") exercisable at a price equal to the closing
                        bid price of the Company's shares of Common Stock (as
                        reported by Bloomberg Financial Markets on the OTC
                        Bulletin Board or such other United States stock
                        exchange or public trading market which is at the time
                        the principal exchange for trading of the Common Stock)
                        on the date of grant. The Options shall be issued
                        pursuant to the terms and conditions of the 1998
                        Incentive and Non-Qualified Stock Option Plan ("Plan")
                        which is incorporated in this Option as though set forth
                        in full, and shall be subject to the terms set forth in
                        Section 5 hereto.

              4.2 Discretionary Bonus. From time to time during the Term, the
Company may pay to the Employee additional compensation in an amount determined
by the sole discretion of the board of directors.

              4.4 401(k) Plan. Employee shall be entitled to participate in any
401(k) program that the Company may institute during the term specified in
Section 2, herein.

         5. OPTION RIGHTS.

              5.1 Number and Price. The number and price of the Shares subject
to the Option shall be the number and price set forth in Section 4.1(ii) hereto,
subject to any adjustments which may be made pursuant to Section 5.9 below.

              5.2 Duration. Subject to the terms and conditions set forth
herein, each Option may be exercised to purchase the Shares covered by that
Option on or before the fifth anniversary of the date of grant of such Option
(the "Expiration Date"). Each Option shall terminate and no Shares may be
purchased after its respective Expiration Date.

              5.3 THIS SECTION INTENTIONALLY OMITTED

              5.4 Exercise Procedure. Subject to the terms and conditions set
forth herein, the Options are exercisable by a written notice signed by the
Employee and delivered to the Company at its executive offices, signifying the
Employee's election to exercise an Option. The notice must state the number of
Shares as to which the Employee's Option is being exercised, must contain a
statement by the Employee (in a form acceptable to the Company) that such Shares
are being acquired by the Employee for investment and not with a view to their
distribution or resale (unless a Registration Statement covering the Shares has
been declared effective by the Securities and Exchange Commission) and must be
accompanied by the full purchase price of the Shares being purchased. Payment
shall be in cash, or by certified or bank cashier's check payable to the order
of the Company, free from all collection charges.

              If notice of the exercise of an Option is given by the person or
persons other than the Employee, the Company may require, as a condition to the
exercise of the Option, the submission to the Company of appropriate proof of
the right of such person or person to exercise the Option.

<PAGE>

              Certificate for Shares so purchased will be issued as soon as
practicable and shall bear a restrictive legend stating that the Shares have not
been registered under the Securities Act of 1933, that the shares have been
acquired for investment purposes and not with a view to distribution or resale,
and that the Shares may not be sold, assigned, pledged, hypothecated, or
otherwise transferred without an effective registration statement for such
shares under the Securities Act of 1933 and applicable state securities laws or
an opinion of counsel satisfactory to the Company to the effect that
registration is not required under such laws. The Company, however, shall not be
required to issue or deliver a certificate for any Shares until it has complied
with all requirements of the Securities Act of 1933, as amended, the Securities
Exchange Act of 1934, as amended, any stock exchange on which the Company's
Stock may then be listed and all applicable state laws in connection with the
issuance or sale of such Shares or the listing of such Shares on such exchange.
Until the issuance of the certificate for such Shares, the Employee or such
other person as may be entitled to exercise the Option, shall have none of the
rights of a stockholder with respect to Shares subject to the Option.

              5.5 Delivery of Certificates. As soon as practicable after the
Company receives payment for the Shares, it shall deliver a certificate or
certificates representing the Shares so purchased to the Employee.

              5.6 Transferability. The Option is personal to the Employee and
during the Employee's lifetime may be exercised only by the Employee. The Option
shall not be transferable other than by will or the laws of descent and
distribution.

              5.7 Expiration. In the event that an option holder ceases to be an
employee of the Company or of any subsidiary for any reason other than permanent
disability (as determined by the Board of Directors) or death, the Option,
including any unexercised portion thereof, which was otherwise exercisable on
the date of termination, shall expire unless exercised within a period of three
months from the date on which the Employee ceased to be so employed, but in no
event after the Expiration Date. In the event of the death of Employee during
this three month period, the Option shall be exercisable by his or her personal
representatives, heirs or legatees to the same extent that the Employee could
have exercised the Option if he or she had not died, for the three months from
the date of death, but in no event after the Expiration Date.

              5.8 Employment Rights. The Option does not confer on the Employee
any right to continue in the employ of the Company or interfere in any way with
the right of the Company to determine the terms of the Employee's employment.

              5.9 Change in Corporate Structure. In the event of a
reorganization, recapitalization, stock split, stock dividend, combination of
shares, merger, consolidation, rights offering, or any other change in the
corporate structure or Stock of the Company, the Board shall make such
adjustments, if any, as it deems appropriate in the number and kind of shares
covered by the Option, or in the Option price, or both. Notwithstanding any
provision to the contrary, the Committee or the Board may cancel, amend, alter
or supplement any term or provision of the Option to avoid any penalty
provisions of the Code.

<PAGE>

              5.10 Compliance with Legal Requirements. The Option shall be
subject to the requirement that if at any time the Board shall determine that
the registration, listing or qualification of the Shares covered hereby upon any
securities exchange or under any federal or state law, or the consent or
approval of any governmental regulatory body is necessary or desirable as a
condition of, or in connection with, the granting of the Option or the purchase
of the Shares, the Option may not be exercised unless and until such
registration, listing, qualification, consent or approval shall have been
effected or obtained free of any conditions not acceptable to the Board. The
Board may require that the person exercising the Option shall make such
representations and agreements and furnish such information as it deems
appropriate to assure compliance with the foregoing or any other applicable
legal requirements.

              5.11 Incentive Stock Option Treatment. The Option is intended to
qualify for "incentive stock option" treatment under the provisions of Section
422A of the Internal Revenue Code of 1954, as amended. HOWEVER, THE EMPLOYEE IS
URGED TO CONSULT WITH HIS OR HER INDIVIDUAL TAX ADVISOR PRIOR TO EXERCISING AN
OPTION SINCE THE EXERCISE OF THE OPTION MAY RESULT IN ADVERSE TAX CONSEQUENCES
INCLUDING THE PAYMENT OF ADDITIONAL FEDERAL AND/OR STATE INCOME TAXES.

         6. INSURANCE.

              6.1 Key Man Insurance. The Company shall have the right to apply
for and take out, in the Company's own name or otherwise, at the Company's
expense, life, health, accident, or other insurance covering Employee, in any
amount the Company deems necessary to protect the Company's interest hereunder,
and Employee shall have no right, title or interest in or to any such insurance.
Employee shall assist the Company in obtaining such insurance by submitting to
usual and customary medical and other examinations and by signing such
applications, statements and other instruments as may be reasonably required by
any insurance company.

         7. BUSINESS EXPENSES. During the Term, Employee shall be entitled to
receive reimbursement for all reasonable business expenses incurred by him (in
accordance with the policies and procedures from time to time adopted by the
Board of Directors of the Company for its senior executives and consultants) in
performing services hereunder, provided that Employee properly accounts
therefore in accordance with such policy and procedures and such expenses have
been specifically approved in advance. Moreover, Employee expressly acknowledges
and agrees that prior verbal approval must be obtained from the President of the
Company by Employee for expense greater than one hundred dollars ($100), and
prior written approval for expenses greater than three hundred dollars ($300).

         8. CONFIDENTIALITY. Employee recognizes and acknowledges that the
Company's customer lists, proposals and other work product are confidential and
are the property of the Company. Employee further recognizes and acknowledges
that in order to enable the Company to perform services for its clients, those
clients may furnish to the Company confidential information concerning their
business affairs, property, methods of operation or other data; that the
goodwill

                                       4
<PAGE>

afforded to the Company depends upon, among other things, the Company and its
employees keeping such services and information confidential. All of these
materials and information including that relating to the Company's work product
and the Company's clients, will be referred to below as "Proprietary
Information."

         9. NON-DISCLOSURE. Employee agrees that, except as directed by the
Company, and in the ordinary course of the Company's business, Employee will not
at any time, whether during or after Employee's employment with the Company,
disclose to any person or use, directly or indirectly, for Employee's own
benefit or the benefit of others, any Proprietary Information, or permit any
person to examine or make copies of any documents which may contain or is
derived from Proprietary Information, whether prepared by Employee or otherwise
coming into Employee's possession or control. Employee agrees that the
provisions of this paragraph shall survive the termination of this Agreement and
Employee's employment by the Company.

         10. POSSESSION. Employee agrees that upon request by the Company, and
in any event upon termination of Employee's employment, Employee shall then over
to the Company all documents, papers or other material in Employee's possession
or under Employee's control which may contain or be derived from Proprietary
Information, together with all documents, notes or Employee's work products
which are connected with or derived from Employee's services to the Company
shall be either returned to the Company.

         11. OWNERSHIP. Employee hereby assigns and agrees to assign to the
Company or its subsidiaries or affiliates, as appropriate, its successors,
assigns or nominees, Employee's entire right, title and interest in any
developments, designs, patents, inventions and improvements, trade secrets,
trademarks, copyrightable subject matter or proprietary information which
Employee has made or conceived, or may make or conceive, either solely or
jointly with others, while providing services to the Company, or with the use of
the time, material or facilities of the Company or relating to any actual or
anticipated business, research, development, product, service or activity of the
Company known to Employee while employed at the Company, or suggested by or
resulting from any task assigned to Employee or work performed by Employee for
or on behalf of the Company, whether or not such work was performed prior to the
date of this Agreement.

         12. NON-COMPETITION. Employee agrees that because of the confidential
and sensitive nature of the Proprietary Information and because the use of, or
even the appearance of the use of, the Proprietary Information in certain
circumstances may cause irreparable damage to the Company and its reputation, or
to clients of the Company, Employee shall not, until the expiration of one (1)
year after the date on which Employee's employment with the Company terminates
for any reason, engage, directly or indirectly, or through any corporation or
associates in any business, enterprise or employment which directly solicits
business, performs services or delivers goods that are competitive to those of
the Company to any customer or prospect of the Company. The Company and Employee
agree that this covenant is fair and reasonable; however, in the even that a
court should decline to enforce these provisions, Employee and the Company agree
that the provisions should be modified to restrict Employee's competition with
the Company to the maximum extent enforceable, but in no event will the
covenants be interpreted as more restrictive to Employee.

                                       5
<PAGE>

         13. INJUNCTIVE RELIEF. Employee acknowledges that disclosure of any
Proprietary Information by Employee par breach by Employee of any of the
covenants not to compete will give rise to irreparable injury to the Company, or
clients of the Company. Employee also agrees that this injury to the Company, or
clients of the Company, would be inadequately compensated in money damages
alone. Accordingly, the Company or, where appropriate the client of the Company,
may seek and obtain injunctive relief against the breach, or threatened breach,
of the disclosure of any Proprietary Information by Employee, or breach by
Employee of any of the covenants not to compete, in addition to any other legal
remedies which may be available. The Company further acknowledges that the
enforcement of a remedy hereunder by way of injunction would not prevent
Employee from earning a reasonable livelihood since Employee's experience and
capabilities would be such that in the event that Employee's employment with the
Company terminates for any reason, Employee will be able to obtain employment in
business activities which are not restricted by this Agreement.

         14. NON-COMPETITION.

              14.1 Definitions. For the purpose of this Section 14 and Section
15 hereof, the following terms shall have the meanings ascribed to them below:

                        (a)  "Covenant Term" shall mean a period beginning on
                             the date hereof and ending on the date which is two
                             years after the date on which this Agreement, or
                             Employee's engagement hereunder, is terminated.

                        (b)  "Covenant Territory" shall mean the United States
                             of America and its properties.

                        (c)  "Business of the Company" shall mean the
                             development of information technology products or
                             services designed for use in a medical context.

              14.2 Covenant. During the Covenant Term, Employee shall not,
without the prior written consent of the Company, directly or indirectly, (a)
own (except that Employee may own not more than one percent (1%) of the equity
securities or securities convertible into equity securities of any corporation
or other entity the securities of which are traded on a national stock exchange
or listed on the National Association of Securities Dealers Automated Quotation
System), manage, operate, join, control or participate in the ownership,
management, operation or control of, or be connected as a promoter, joint
venturer, agent, director, officer, Employee, partner, consultant or otherwise
with, any profit or non-profit, business or organization which directly or
indirectly, engages in the Business of the Company in the Covenant Territory or
which otherwise, directly or indirectly, competes with the Business of the
Company in the Covenant Territory.

              14.3 Interpretation of Unenforceable Provision. The parties intend
for the provisions of this Section 14 to be construed, interpreted, and enforced
to the maximum extent permitted by

                                       6
<PAGE>

law. The parties acknowledge and agree that they have both participated in the
preparation of this Agreement and it shall not be construed or interpreted
against either party on the basis that it was prepared by such party. In the
event that any provision of this Section 14, or part thereof, shall be
determined by any court of competent jurisdiction to be invalid, illegal, or
unenforceable in any respect for any reason, such provision shall be revised
and/or interpreted to make it enforceable to the maximum extent in all other
respects as to which it may be enforceable, all as determined by such court in
such action.

         15. NON-SOLICITATION. Employee agrees that during the Covenant Term, he
will not, directly or indirectly, (a) induce any customer of the Company or its
successors to patronize any business similar to the Business of the Company; (b)
request or advise any customer (including, without limitation, distributors) or
supplier of the Company or its successors to withdraw, curtail or cancel such
customer's or supplier's business with the Company or its successors; (c) except
in the ordinary course of business, disclose to any other person or corporation
the name or addresses of any of the customers of the Company or its successors;
or (d) induce or encourage any Employee to terminate his relationship with the
Company.

         16. TERMINATION.

              16.1 Death. In the event of Employee's death ("Death") during the
term of his employment, any options granted to Employee which have not, by the
terms of the options, vested shall be deemed to have vested as of the date of
his death and shall thereafter be exercisable by Employee's beneficiary or
estate for the maximum period of time allowed for exercise thereof under the
terms of the option.

              16.2 Disability.

                   (a)  In the event Employee, by reason of physical or mental
                        incapacity, shall be disabled ("Disability") for a
                        period of at least six (6) consecutive months, the
                        Company shall have the option at any time thereafter to
                        terminate Employee's employment hereunder for
                        disability. Such termination will be effective thirty
                        (30) days after the Board gives written notice of such
                        termination to Employee, unless Employee shall have
                        returned to the performance of his duties prior to the
                        effective date of the notice. All obligations of the
                        Company hereunder shall cease upon the effectiveness of
                        such termination, provided that such termination shall
                        not affect or impair any rights Employee may have under
                        any policy of long-term disability insurance or benefits
                        then maintained on his behalf by the Company. Any
                        options granted to the Employee which have not, by the
                        terms of the options, vested shall be deemed to have
                        vested at the termination and shall thereafter be
                        exercisable by the Employee, his beneficiary,
                        conservator or estate, as applicable, for the maximum
                        period of time allowed for exercise thereof under the
                        terms of the option.

                                       7
<PAGE>

                   (b)  "Incapacity" as used herein shall mean the inability of
                        the Employee due to physical or mental illness, injury
                        or disease substantially to perform his normal duties as
                        Vice President. Employee's salary as provided for
                        hereunder shall continue to be paid during any period of
                        incapacity prior to and including the date on which
                        Employee's employment is terminated for disability.

              16.2 By The Company For Cause.

                   (a)  The Company shall have the right, before the expiration
                        of the term of this Agreement, to terminate this
                        Agreement and to discharge Employee for cause
                        (hereinafter "Cause"), and all compensation, including
                        unvested equity, to Employee shall cease to accrue upon
                        discharge of Employee for Cause. For the purposes of
                        this Agreement, the term "Cause" shall mean (i)
                        Employee's conviction of a felony; (ii) the alcoholism
                        or drug addiction of Employee; (iii) gross negligence or
                        willful misconduct of Employee in connection with his
                        duties hereunder; (iv) the determination by any
                        regulatory or judicial authority (including any
                        securities self-regulatory organization) that Employee
                        directly violated, before or after the date hereof, any
                        federal or state securities law, any rule or regulation
                        adopted hereunder; or (v) the continued and willful
                        failure by Employee to substantially and materially
                        perform his material duties hereunder.

                   (b)  If the Company elects to terminate Employee employment
                        for Cause under Section 16.2(a) above, such termination
                        shall be effective fifteen (15) days after the Company
                        gives written notice of such termination to Employee. In
                        the event of a termination of Employee's employment for
                        Cause in accordance with the provisions of Section
                        16.2(a), the Company shall have no further obligation to
                        the Employee, except for the payment of all compensation
                        and other vested benefits which have accrued through the
                        date of such termination and not paid and any other
                        benefits to which he or his dependents may be entitled
                        by law.

              16.3 By Employee for Reason. Employee shall have the right to
terminate his employment at any time for "good reason" (herein designated and
referred to as "Reason"). The term Reason shall mean (i) the failure to elect or
appoint, or re-elect or re-appoint Employee to, or removal or improperly
attempted removal of Employee from, his positions as Vice President or superior
positions with the Company, except in connection with the proper termination of
Employee's employment by reason of Cause, Death or Disability; (ii) a reduction
in Employee's overall compensation other than his discretionary bonus under
Section 4.2 above or an adverse

                                       8
<PAGE>

change in the nature or scope of the authorities, powers, functions or duties
normally attached to the Employee's position with the Company; (iii) the
Company's failure or refusal to perform any obligations required to be performed
in accordance with this Agreement after a reasonable notice and an opportunity
to cure same.

              16.4 Severance.

                   (a)  In the event Employee's employment hereunder shall be
                        terminated by the Employee for Reason or by the Company
                        for other than Cause, Death or Disability: (1) the
                        Employee shall thereupon receive as severance pay in a
                        lump sum the amount of salary and bonuses which the
                        Employee would have received for the remaining term of
                        this Agreement had there been no termination, provided
                        however, that in no event shall such lump sum payment be
                        less than one year's salary and bonus; and (2) the
                        Employee's (and his dependents') participation in any
                        and all life, disability, medical and dental insurance
                        plans shall be continued, or equivalent benefits
                        provided to him or them by the Company, at no cost to
                        him or them, for a period of two years from the
                        termination; and (3) any options granted to Employee
                        which have not, by the terms of the options, vested
                        shall be deemed to have vested at the termination, and
                        shall thereafter be exercisable for the maximum period
                        of time allowed for exercise thereof under the terms of
                        the option.

                   (b)  An election by Employee to terminate his employment
                        under the provisions of this Section 16.4 shall not be
                        deemed a voluntary termination of employment of Employee
                        for the purpose of interrupting the provisions of any of
                        the Company's employee benefit plans, programs or
                        policies.

              16.5 Resignation. In the event Employee resigns without Reason
prior to the expiration hereof, he shall receive any unpaid fixed salary through
such resignation date and such benefits to which he is entitled by law.

              16.6 Extension of Benefits. Any extension of benefits following
the termination of employment provided for herein shall be deemed to be in
addition to, and not in lieu of, any period for the continuation of benefits
provided for by law, either at the Company's, Employee or his dependents'
expense.

              16.7 Payment in Change in Control Event. In the event of a Change
in Control, as hereinafter defined, the Company shall, prior to the thirtieth
(30th) day after a Change in Control:

                   (i)  grant and deliver to the Employee an option (the
                        "Severance Option") to purchase from the Company thirty
                        thousand (30,000) shares of the

                                       9
<PAGE>

                        Company's Common Stock, $0.01 par value per share,
                        exercisable at a price equal to the closing bid price of
                        the Company's shares of Common Stock (as reported by
                        Bloomberg Financial Markets on the OTC Bulletin Board or
                        such other United States stock exchange or public
                        trading market which is at the time the principal
                        exchange for trading of the Common Stock) on the date of
                        grant. The Severance Options shall be granted and
                        treated in the same manner as the Options, and shall
                        similarly be subject to the terms set forth in Section 5
                        hereto.

         17. GENERAL PROVISIONS.

              17.1 Notices. All notices required to be given under the terms of
this Agreement shall be in writing and shall be deemed to have been duly given
only if delivered to the addressee in person or mailed by certified mail, return
receipt requested, to the address as included in the Company's records or to any
such other address as the party to receive the notice shall advise by due notice
given in accordance with this paragraph. Any party hereto may change its or his
address for the purpose of receiving notices, demands and other communications
as herein provided, by a written notice given in the manner aforesaid to the
other party hereto. Copies of all correspondence should additionally be sent to
the following:

                   If to the Company:

                   Zenascent, Inc.
                   1 World Trade Center, Suite 7967
                   New York, New York 10048

                   with a copy to:

                   Gregory Sichenzia, Esq.
                   Sichenzia, Ross & Friedman LLP
                   135 West 50th Street, 20th Floor
                   New York, New York 10020

              17.2 Benefit of Agreement and Assignment. This Agreement shall
inure to the benefit of and be binding upon the parties hereto and their
respective executors, administrators, successors and assigns; provided, however,
that Employee may not assign any of his rights or duties hereunder except upon
the prior written consent of the Board of Directors of the Company.

              17.3 Applicable Law. This Agreement is made in and is to be
governed by and construed under the laws of the State of New York.

                                       10
<PAGE>

              17.4 Captions. The captions appearing at the commencement of the
sections hereof are descriptive only and for convenience of reference only and
are not intended to be part of or to effect the meaning or interpretation of
this Agreement.

              17.5 Severability. In the event that any one or more of the
provisions contained in this Agreement or in any other instrument referred to
herein, shall, for any reason, be held to be invalid, illegal or unenforceable
in any respect, then to the maximum extent permitted by law, such invalidity,
illegality or unenforceability shall not affect any other provision of this
Agreement or any other such instrument.

              17.6 Entire Agreement. This Agreement contains the entire
Agreement of the parties, and supersedes any and all other Agreements, either
oral or in writing, between the parties hereto with respect to the subject
matter hereof. Each party to this Agreement acknowledges that, other than the
Confidentiality Agreement, no representations, inducements, promises, or
Agreements, oral or otherwise, have been made by either party, or anyone acting
on behalf of either party, which are not embodied herein, and that no other
Agreement, statement or promise not contained in this Agreement shall be valid
or binding.

              17.7 Amendments. This Agreement may be modified or amended only by
an Agreement in writing signed by the Company and Employee.

              17.8 Waiver. No waiver of any provision hereof shall be valid
unless made in writing and signed by the party making the waiver. No waiver of
any provision of this Agreement shall constitute a waiver of any other
provision, whether or not similar, nor shall any waiver constitute a continuing
waiver.

              17.9 Representations and Warranties. Each party hereto represents
and warrants that it or he has the power and authority to execute and deliver
this Agreement and to perform its or his obligations hereunder.

              17.10 Compliance with Laws and Policies. Employee agrees that he
will at all times comply with all applicable laws and all current and future
lawful policies of the Company, not inconsistent with the intent of this
agreement.

              17.11 Arbitration. Any dispute or controversy arising under or in
connection with this Agreement, other than matters pertaining to injunctive
relief, including, without limitation, temporary restraining orders, preliminary
injunctions and permanent injunctions, shall, upon the written demand of either
party served upon the other party, be submitted to arbitration. Such arbitration
shall be held in the City of New York, New York, and conducted in accordance
with the Rules of the American Arbitration Association.

              17.12 Representation. Each of the parties hereto represents that
each has read and fully understands each of the provisions as contained herein,
and has been afforded the opportunity

                                       11
<PAGE>

to review same with his attorney of choice; and further that each of the parties
hereto represents that each and every one of the provisions contained in this
Agreement is fair and not unconscionable to either party.

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

         ZENASCENT, INC.                    EMPLOYEE

By:
   ---------------------------------        ---------------------------------
   Name:                                    Adam Goldberg
   Title:

Attest:
       -----------------------------
       Name:
       Title:
                                       12

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