Document:

Exhibit 10.2

17 December 2007                                Telephone    020 7488 8111
                                                Fax          020 7488 8882
                                                Website      www.willis.com

                                                Direct Line  020 7860 9327
                                                Direct Fax   020 7481 7132
                                                E-mail       sztukas@willis.com

PRIVATE & CONFIDENTIAL
----------------------
Tim Wright
5 Nassington Road
Hampstead
London NW3 2TX

Dear Mr. Wright,

REVISED LETTER

Further to recent  discussions,  I am very  pleased to offer you the position of
Group Chief Operating Officer,  reporting to Grahame Millwater (or his successor
in his role or the Group  Chairman & CEO),  within the Global  Group  Management
Division of Willis Limited.

Upon  joining,  you will be  appointed  as a  member  of the  Group's  Executive
Committee.

In addition to the main terms and conditions  contained in the enclosed Contract
of Employment, the following will apply:

     1)   Your annual  salary will be  (pound)405,000  paid  monthly in arrears.
          Your salary will be reviewed  annually and any increase to your salary
          will be effective when annual adjustments are normally  processed,  in
          accordance with the Group's  Compensation  Review process.  Currently,
          the Group's common review date is 1 April.

     2)   Your job grade will be 14.

     3)   You will be eligible to  participate  in the Willis  Annual  Incentive
          Plan (AIP).

          The AIP is designed to drive and energize Group and Business Unit EBIT
          performance to meet/exceed  business targets, so that bonus pools will
          only be generated once the prior year's EBIT  performance has been met
          and exceeded. The AIP Plan Year is defined as the Company's referenced
          fiscal year, that being 1 January to 31 December.

          The Group  reserves  the right to pay a portion  of any AIP bonus in a
          long term incentive  instrument,  such as restricted stock or options,
          at the time bonuses are distributed.

                                           Willis Group Services Ltd
                                           Ten Trinity Square
                                           London
                                           EC3P 3AX

                                           Registered office Ten Trinity Square,
                                           London EC3P 3AX. Registered number
                                           1451456 England and Wales.

<PAGE>

     As a  participant  in the AIP,  there is no  guarantee  of a bonus  (unless
     otherwise  stated for specific  Plan  years).  Any bonus award will only be
     made if you are employed by Willis at the time the bonus awards are due for
     payment,  typically the first quarter  following the Plan Year. Please note
     that if you have joined part way through a Plan Year then any award will be
     pro-rated to reflect your service in the Plan Year and all bonus  decisions
     are made at the discretion of the Group.

     Under the 2008 Annual Incentive Plan, you will receive a guaranteed minimum
     bonus award of  (pound)600,000,  payable  fully in cash on 1 April 2009. In
     addition,  under the 2009 Annual  Incentive  Plan,  you will be entitled to
     receive a guaranteed  minimum bonus award of  (pound)400,000,  payable on 1
     April 2010.

     For the 2008 and 2009 AIP bonus  awards  (payable  respectively  on 1 April
     2009 and 1 April  2010),  the minimum  amounts will be paid to you in full,
     provided  you are  employed by the  Company at the time of payment.  In all
     events  other  than  those of gross  misconduct,  you will be  eligible  to
     receive  a  pro-rata  portion  of the  bonus  award  for the  time you were
     actively employed by the Company.

4)   Willis  Partners  Portfolio Plan: You will be granted an option two hundred
     thousand  (200,000) shares of common stock of Willis Group Holdings Limited
     ("Shares") in accordance with the Willis Partners  Portfolio Plan ("WPPP"),
     a share programme of the Amended and Restated Willis Group Holdings Limited
     2001 Share  Purchased and Option Plan (the "Plan"),  as may be amended from
     time to time.

     The option  will be  granted  on the first date that  members of the Willis
     Group  Executive  Committee  are able to deal in the Company's  Shares,  in
     accordance  with  the  Company  Policy  for  Dealing  in  Securities  on or
     following  your  date  of  employment  ("Grant  Date").  The  option  price
     applicable  will be equal to the closing  market price of the Shares on the
     New York Stock Exchange on that day.

     As long as you continue to be employed by the Company, the option will vest
     and become exercisable,  twenty-five percent (25%) per year over a four (4)
     year period beginning on the first  anniversary of the Grant Date. In other
     words, 25% will be vested after a year's  employment,  50% after two years,
     75% after three years and 100% after four years' of continuous employment.

     You will receive  further  details of the WPPP and Plan including an Option
     Acceptance  Form which you will need to complete  to accept the grant.  You
     must complete the Option  Acceptance Form within thirty (30) days after you
     receive the documentation, or the option may lapse.

5)   The Company  agrees to direct any  contributions  to which you would become
     entitled to receive under the Willis  Stakeholder  Pension Scheme into your
     personal  SIPP.  For purposes of this  arrangement,  the Company  agrees to
     contribute an amount equal to ten (10) percent of your gross annual salary,
     capped at the Schemes Earnings Cap of (pound)112,800.  Please note that the
     Schemes  Earnings  Cap is  reviewed  on an annual  basis in April,  and any
     adjustments  to the Cap would be made to the  contributions  the Company is
     making on your behalf. Additionally, the Company will also direct an amount
     of money equal to the standard car  allowance at a Grade 14 level into your
     personal SIPP. At present,  this amount is equal to (pound)7,332 per annum.
     All contributions will be directed to your SIPP on a monthly basis in equal
     installments,  provided you have put forward details as to where the monies
     should be directed.

<PAGE>

     For your  information,  details of the pension and life assurance  benefits
     that the Scheme  will  provide  will be sent to you under  separate  cover.
     While all Associates are automatically enrolled in the Scheme upon joining,
     the Company  will opt you out of the  Scheme.  Please note that the Company
     will ensure that you are enrolled in a life assurance benefit at the levels
     to which you would  normally  be  entitled if you were not opted out of the
     Scheme. If you have any queries, please contact the Willis Pensions Team on
     01473 223836 or email pensions@willis.com.

     Please note, your salary exceeds the Scheme Earnings Cap of (pound)112,800.
     Contributions  and your life  assurance  benefit  will be  calculated  with
     reference to the Scheme Earnings Cap.

6)   You will be eligible to join the Willis Group  Medical Plan which  provides
     single cover  (Silver) for all  Associates  who opt to join the Plan.  This
     will constitute a taxable benefit.

     You will also have the  option to buy  increased  cover to  include  family
     members and/or increase the benefit level. Further details are enclosed.

     Please  complete the  Registration  Form for the level of cover you require
     and return to me. Cover will  commence when you receive  confirmation  from
     the Plan Administrators.

     If you do not join the Plan within one month of commencing  employment your
     next opportunity to join will be at renewal.

7)   After two years service at grade 14 or above,  you will be required to have
     the first of your biennial medical  examinations at the Company's  expense.
     Our Occupational Health Department will contact you when this becomes due.

8)   When you join Willis you may have an immediate salary advance to purchase a
     quarterly  season ticket for travel  between the office and your home.  The
     amount  advanced to you will be deducted in three equal  payments from your
     salary.  Please complete the enclosed  application form and hand to your HR
     contact on your  first day to enable us to issue you with a travel  warrant
     which you use to purchase your season ticket at the relevant ticket office.
     After 3 month's service you may apply for an annual season ticket advance.

     If you wish  arrangements to be made to take over an existing season ticket
     balance from your current  employer,  please  provide  telephone and postal
     details  of the  relevant  contact,  together  with  details  of the  total
     outstanding   balance.   You  will  also  need  to  complete  the  enclosed
     application form to authorize deductions from your salary.

9)   When you join Willis,  you will be eligible to join the  Childcare  Voucher
     Scheme  within your first month of  employment  with  Willis.  Your voucher
     start date will  commence  from the 1st of the month  following the date of
     joining the scheme.

     Further  details  of the  scheme  can be  found in the  enclosed  Childcare
     Voucher Scheme  information  sheet. If you wish to join the scheme,  please
     complete the enclosed Registration Form and return to me.

     Please  note if you do not join the scheme  within one month of  commencing
     employment your next opportunity to join will be at renewal.

10)  In order to provide a healthy working environment, smoking is prohibited in
     all UK offices.

This offer and your employment are subject to:

     a.   Your  acceptance  of the  conditions  contained  in this  letter,  the
          enclosed Contract of Employment and the Associate Handbook Summary.

     b.   You providing the Company with evidence of your entitlement to work in
          the  UK.  The  evidence  required  is  your  valid  passport  and  any
          supporting  documentation  you may have. The Company is required under
          the Immigration Act to see and photocopy this documentation before you
          commence work.

     c.   Receipt of  references  satisfactory  to the Company.  As agreed,  the
          Company is satisfied that the formal process against this  requirement
          is unnecessary given the current relationship in place.

     d.   Receipt of medical  details  which are  satisfactory  to the  Company.
          Please complete the enclosed  Medical  Questionnaire  and return it to
          the Occupational  Health  Department,  London in the stamped addressed
          envelope provided.

     e.   You providing  the Company with evidence of all relevant  professional
          qualifications  and the highest academic  qualification  that you have
          quoted on your  application  form,  in your CV or verbally  during the
          selection  process.  It is  group  policy  and a  requirement  of  our
          regulatory  body  that we obtain  evidence  of your  competence  to be
          employed in the  capacity  offered,  for this  reason,  we reserve the
          right to invoke the Disciplinary  Procedure if you do not fulfill this
          requirement.  The Company  agrees to obtain  these on your behalf upon
          receipt of the appropriate details pertaining to your degree(s).

     f.   All  representations,  whether  oral or in  writing,  made by you when
          applying for this position about your  qualifications,  experience and
          other material matters being true and correct.

     g.   You not having  deliberately  failed to  disclose  any matter that may
          have influenced the Company's decision to employ you.

     h.   You passing the Lloyds and London  Market  Introductory  Test,  if you
          have not  already  done so,  within  15  months  of the  start of your
          employment with Willis. We reserve the right to invoke the Performance
          Improvement  process if you do not fulfill this  requirement.  We will
          allow you reasonable time off to study for an complete the test

     i.   You passing the Insurance Essentials Training within six months of the
          start of your employment  with Willis.  Please note that this training
          is Willis specific and must be completed by all  associates.  You will
          be provided with appropriate  support to achieve this, and the Company
          reserves the right to invoke the Performance  Improvement Procedure if
          you do not fulfill this requirement.

          Insurance   Essentials  is  an  e-learning  training  programme  which
          develops and tests your basic knowledge of the Insurance  Industry and
          environment  in which  we  operate.  It is  comprised  of a number  of
          modules and lasts  approximately four hours, and forms a major part of
          our regulatory  requirements to constantly  maintain the competence of
          our Associates.

     j.   You will also be  required  to attend a full  pre-employment  medical.
          Therefore, I should be grateful if you would contact Rood Lane Medical
          Centre on 0207 377 4646 to arrange a convenient appointment. Would you
          please  ensure  that  your  pre-employment  Medical  Questionnaire  is
          returned  to our  Occupational  Health  Department  at least  two days
          before contacting Rood Lane.

<PAGE>

Please note it is Willis Group  policy that all  prospective  and new  employees
fully observe their duties and  obligations  to prior  employers and other third
parties under contracts of employment  and/or other  agreements.  In particular,
Willis  does not condone  the  removal,  copying or  retaining  of  confidential
information  of  any  former  employer  and  any  such  conduct  may  result  in
disciplinary  action.  Willis also  expects  prospective  and new  employees  to
observe valid  restrictive  covenants whilst they remain in effect.  If you have
any concerns or doubts as to your  obligations,  please contact the Willis HR or
Legal Departments.

I hope that you will  accept this offer of  employment  and would be grateful if
you could sign and return both copies of the  Contract  of  Employment  to me as
soon as possible,  including a note of your National  Insurance  Number.  At the
same time would you please also  complete  and return the  enclosed  application
form.  Due to the nature of our  induction  programme  (details of which will be
provided in due course),  we request that you commence  employment  with us on a
Monday and we would be grateful if you could confirm the exact date on which you
can join us.

Please note, this offer remains valid for 30 working days from the date of issue
of this letter. If you are unable to respond within this period,  please contact
me to  discuss  any  appropriate  extension.  One copy of the  Contract  will be
returned to you for your own records.

In the event of any discrepancies between this offer letter and your Contract of
Employment or any other documentation  related to your employment (including but
not limited to WPPP), this offer letter will prevail.

If you have any queries  regarding the offer,  please do not hesitate to contact
me on the above direct line.

I hope you enjoy working with us.

Yours sincerely,

Susan Andrea Sztuka
Group HR Director
Human Resources
---------------

<PAGE>

                                                                          Willis

REVISED

Contract of Employment

Private and Confidential

<PAGE>

Contract of Employment

The  information  contained  in this  document  includes  the  requirement  of a
statement of the terms and conditions of your  employment in accordance with the
Employment Rights Act 1996.

This agreement is made on 17 December 2007 and is between

Name                            Tim Wright

and

Company                         Willis Limited

The main terms and conditions of your employment are set out below.  For further
details of these and other matters  including our Ethical Code,  please refer to
the Global Policy manual and the Associate Handbook. For the avoidance of doubt,
the terms set out in this Contract of Employment take precedence over the Global
Policy Manual and the Associate  Handbook and offer letter.  The contents of the
Associate Handbook and Global Policy Manual do not form part of your Contract of
Employment,  but are  indicative of Company  Policy and  Procedure.  The Company
reserves the right to vary these Policies and Procedures from time to time.

Date this           1 September 2008
Employment Begins:

Date Continuous     1 September 2008
Employment Begins:

                    Employment  prior to this  date with any  previous  employer
                    does not count as part of your  continuous  employment  with
                    the Company.  This date is not  necessarily the date used to
                    determine your entitlement to certain benefits.

Current Job Title:  Group Chief Operating Officer

                    You may be  transferred  to any other job in the Group which
                    in the reasonable  opinion of the Company would be suitable,
                    on terms and  conditions no less  favourable  than those set
                    out in this  document.  It is not  envisaged  that  any such
                    transfer  will  affect  your  status  as  a  member  of  the
                    Executive Committee.

Location:           51 Lime Street, London

                    You may be  transferred  to any other  office in the  Group.
                    Your  agreement to such a transfer  will be sought unless in
                    the reasonable opinion of the Company, the transfer does not
                    necessitate  you  having  to  move  home  address.

Salary:             (pound)405,000 per annum

                    Your  salary  will be paid  monthly  in  arrears  by  direct
                    transfer to your bank account.  Your salary will be reviewed
                    annually.

Hours of Work:      Your  normal  hours of work are 35 hours per  week,  09:30 -
                    17:30,  Monday to Friday  each  week (but  excluding  public
                    holidays) or as agreed  locally by  Management  and/or local
                    practice.

                    Unless otherwise agreed,  these hours shall include one hour
                    for lunch to be taken at a time agreed with your  Manager or
                    Director.

<PAGE>

                    You  will be  expected  to work  such  additional  hours  as
                    necessary to meet the demands of the business.  You may also
                    be  required to vary the  pattern of your  working  hours as
                    necessitated  by  changing   commercial  needs,  if  in  the
                    reasonable  opinion of the Company it is practicable for you
                    to comply.  Any  additional  hours worked are subject to the
                    provisions  of the  Working  Time  Regulations  1998 and any
                    amendment(s) to the Regulations thereof.

Employment          During your working  hours you must devote the whole of your
Obligations:        time,  attention  and ability to the business of the Company
                    and at all times you must  promote the  interest and general
                    welfare of the Group.

                    Whilst  this  Contract  is in  force  you may not  take  any
                    outside  employment or engage in any business  without prior
                    written agreement of your Partners Group Member nor may your
                    additional  employment  render  your total  working  time in
                    breach of the Working Time Regulations.

                    You are not permitted to engage in any activity, which might
                    interfere  with the  performance  of your  duties or cause a
                    conflict of interest,  other than with written permission of
                    your line manager.

Duty of Confidence: During and after the  termination  of this Contract you must
                    keep with inviolable secrecy and may not use for any purpose
                    nor reveal to anyone (other than those whose  province it is
                    to know the same) any  secret  or  confidential  information
                    entrusted to or  discovered by you. This includes but is not
                    limited to information  concerning  the Company's  business,
                    operations, products, markets, trade secrets, technical know
                    how, product  formulations or techniques,  names or lists of
                    employees,   Clients  or   Prospective   Clients  and  their
                    insurance  or  commercial   affairs  or  any  other  matters
                    pertaining to them and revealed to you in the course of your
                    employment  which has not come into the public domain.  This
                    duty applies without time limit.

                    For further guidance, the provisions concerning Confidential
                    Information are set out in full in the Global Policy Manual.

Copyright,          You  must  promptly  disclose  to  the  Company  all  ideas,
Inventions          concepts,   works,   methods,   discoveries,   improvements,
and Patents         inventions  or designs  which you  create or produce  either
                    alone or with  others  (except  those  created  or  produced
                    wholly outside  working hours which are totally  unconnected
                    with your employment)  ("the Works").  All and any rights of
                    whatever nature in each such Work shall belong absolutely to
                    the  Company  and you  shall  hold the same in trust for the
                    Company  until such  proprietary  rights  shall be fully and
                    absolutely  vested  in the  Company.  The  Company  shall be
                    entitled to make such  modifications  or  adaptations  to or
                    from any of the Works as it shall in its absolute discretion
                    determine.

<PAGE>

                    You hereby  assign to the Company with full title  guarantee
                    by way of  assignment  all  present  and  future  copyright,
                    database  rights,   design  rights  (whether  registered  or
                    unregistered) and other proprietary  rights (if any) and all
                    rights of action for damages for infringement of such rights
                    for the full term thereof and any  renewals  and  extensions
                    thereof  throughout the world and you hereby waive in favour
                    of the Company all moral rights  conferred on you by chapter
                    4 of part 1 of the Copyright Designs and Patents Act 1988 in
                    relation  to any of the Works and at the request and expense
                    of the  Company  you shall do all  things  and  execute  all
                    documents  necessary or desirable to substantiate the rights
                    of the Company in the Works.

Other Obligations:  If you are in grade 9 or above,  and/or personally deal with
                    any  Client  or  Prospective  Client  in the  course of your
                    duties,  you shall not without the prior written  consent of
                    the Company for a period of 12 months after the  termination
                    of  your   employment,   other  than   after  the   wrongful
                    termination  of your  employment by the Company,  whether on
                    behalf of yourself or any other  person,  firm or company in
                    competition  with the  Company  or the  Group,  directly  or
                    indirectly:

                    (i) solicit Business from; or

                    (ii) seek to procure orders from; or

                    (iii) transact or handle Business or otherwise deal with; or

                    (iv)  approach,  canvass or entice  away from the Group the
                    Business of

                    any  Client of the Group with whom you have  personally  and
                    materially  dealt in the  course of your  duties at any time
                    during  the 12  months  prior  to the  termination  of  your
                    employment.  The period of this restriction shall be reduced
                    after the date  your  employment  ends by a period  equal in
                    length to any period of lawful  suspension  from your duties
                    or  exclusion  from any  premises of the Company  during any
                    period of notice.

                    The  restrictions  set out in sub  paragraphs  (i) and  (ii)
                    above shall apply as if the  references to the  "Prospective
                    Client" were substituted for references to the "Client".

                    If you are in grade 9 or  above,  you shall not for a period
                    of 6 months after the lawful  termination of your employment
                    directly or indirectly induce or seek to induce any employee
                    of the Group  with  whom you have  directly  and  materially
                    worked in the 12 months  preceding the  termination  of your
                    employment  (excepting a clerical and secretarial  employee)
                    to leave its employment where the departure of that employee
                    (whether alone or in conjunction with the departure of other
                    employees  who are members of a team in which you  performed

<PAGE>

                    duties)  would do  material  harm to the Group and where the
                    departure  is  intended  for the  benefit of you or your new
                    employer or any other organisation carrying on a business in
                    competition with the Group.

                    Each  of the  above  restrictions  constitutes  an  entirely
                    separate  and  distinct   covenant  and  the  invalidity  or
                    unenforceability  of any such Covenant  shall not affect the
                    validity or enforceability of the remaining covenants.

                    The details of all your  obligations  are  contained  in the
                    Global  Policy  Manual and the  Associate  Handbook  and the
                    terms herein should be read in conjunction with those in the
                    Global Policy Manual and Associate Handbook.

Pension Scheme:     The Company agrees to direct any  contributions to which you
                    would   become   entitled   to  receive   under  the  Willis
                    Stakeholder  Pension  Scheme into your  personal  SIPP.  For
                    purposes  of  this   arrangement,   the  Company  agrees  to
                    contribute an amount equal to ten (10) percent of your gross
                    annual  salary,  capped  at  the  Schemes  Earnings  Cap  of
                    (pound)112,800. Please note that the Schemes Earnings Cap is
                    reviewed on an annual basis in April, and any adjustments to
                    the Cap would be made to the  contributions  the  Company is
                    making on your behalf.  Additionally,  the Company will also
                    direct  an  amount  of  money  equal  to  the  standard  car
                    allowance at a Grade 14 level into your  personal  SIPP.  At
                    present, this amount is equal to (pound)7,332 per annum. All
                    contributions  will be  directed  to your  SIPP on a monthly
                    basis, provided you have put forward details as to where the
                    monies should be directed.

                    Willis will hold  certain  personal  data about you (see the
                    section  entitled  `Data  Protection')  including your name,
                    address  and date of birth and other  information  needed to
                    assist in the smooth  running of the scheme.  In  accordance
                    with  Willis'  requirements  under the Data  Protection  Act
                    1998, this  information will only be available to Willis and
                    the  provider  of the scheme  (currently  Friends  Provident
                    plc).  It will only be used by them to calculate and provide
                    benefits and for the efficient running of the scheme.

Absence from Work:  Your  entitlement  to  payments  whilst you are absent  from
                    work,  and the  procedure  that you should follow if you are
                    unable to attend the office for any reason are  contained in
                    the Associate  Handbook.

Medical             The Company reserves the right to require you at any time to
Examination:        submit yourself for examination by a doctor appointed by the
                    Company at the Company's  expense.  Additionally,  after two
                    years service at grade 14 or above,  you will be required to
                    have the first of your biennial medical  examinations at the
                    Company's expense.  Our Occupational  Health Department will
                    contact you when this becomes due.

Holidays:           Grades 1 - 8 inclusive        23 days per annum

<PAGE>

                    Grade 9 and above             25 days per annum (excluding
                    bank and public holidays)

                    The holiday year runs from 1 January to 31 December. Holiday
                    entitlement  increases by 1 day for every  year's  completed
                    service at the  previous  31  December up to a maximum of 25
                    days.  Please refer to the  Associate  Handbook for your pro
                    rata entitlement in year of joining and of leaving.  Payment
                    will be made for Public Holidays.

                    For part-time staff,  holiday entitlement and entitlement to
                    payment for Public Holidays, is pro-rata, as outlined in the
                    Associate Handbook.

Employee Benefits:  The Details and  eligibility  rules of Employee  Benefits to
                    which you may be entitled  are  contained  in the  Associate
                    Handbook.

Termination of      a) You may  terminate  your  employment  by  giving  written
Employment:            notice as follows:

                    Grades 1 - 8 inclusive

                    Up to 4 weeks continuous service             - 1 week
                    Over 4 weeks continuous service              - 4 weeks

                    Grades 9 - 11 inclusive                      - 3 months

                    Grades 12 and above                          - 6 months

                    b)    If your employment is terminated by the
                          Company you will receive written notice
                          as follows:

                    Grades 1 - 8 inclusive

                    Up to 4 weeks continuous service             - 1 week
                    Up to 4 years continuous service             - 4 weeks
                    From 5 to 12 years continuous service        - 1 week for
                                                                   each year of
                                                                   completed
                                                                   service
                    Over 12 years continuous service             - 12 weeks

                    Grades 9 - 11 inclusive                      - 3 months

                    Grades 12 and above                          - 6 months

                    c)   This  agreement  will  automatically  terminate on your
                         65th  birthday.  This does not  affect  your  statutory
                         rights under the Employment  Equality (Age) Regulations
                         2006.

                    d)   The  Company  shall not be obliged to provide  you with

<PAGE>

                         work at any time  after the  notice of  termination  is
                         given  by  either  party  and  the  Company  may in its
                         absolute  discretion  take one or more of the following
                         steps in respect of all or part of the unexpired period
                         of notice  (provided that this shall not amount to more
                         than 6 months if the notice period is longer):

                        i)   require  you to  comply  with  such  conditions  as
                             the Company  may  specify  in  relation  to
                             attending  or remaining  away  from  the  place  of
                             business  of the Company, should you be required to
                             remain away from the office  you will be  required
                             to take any  outstanding holiday  during  this
                             period  of lawful suspension, agreeing the days in
                             advance with management;

                        ii)  Assign you to such other  duties as the Company
                             shall in its absolute discretion  determine
                             consistent  with your status and standing in the
                             Company;

                        iii) Withdraw any powers  invested in you or suspend or
                             vary   any   duties   or responsibilities assigned
                             to  you consistent   with   your   status   and
                             standing in the Company.

                    e)   On termination of the Contract for whatever  reason you
                         must  return to the  Company  all  reports,  documents,
                         computer   disks,   working   papers   and  any   other
                         information  (in whatever  form) received in the course
                         of  your  employment.   In  addition  all  other  Group
                         property must be returned.

Company Procedures: The Associate  Handbook and the Global Policy Manual contain
                    details of the Company  Procedures  affecting your terms and
                    conditions of  employment,  including our Ethical Code,  the
                    Equal   Opportunities   Policy,   Performance   Improvement,
                    Disciplinary,  Appeals and Grievance procedures which should
                    be read in conjunction with your Contract of Employment.

                    These  documents are  available in electronic  format on the
                    Company's  intranet  site.  It  is  your  responsibility  to
                    familiarise  yourself  with  these  documents,  and to  note
                    amendments of which you will be advised from time to time.

                    You are specifically  advised that it is your responsibility
                    to comply with the Company's policies, rules and procedures,
                    including those contained within the Willis Excellence Model
                    and other compliance documents, as varied or supplemented by
                    it from time to time.  Failure to comply with the  Company's
                    policies,  rules  and  procedures  will  be  a  disciplinary
                    offence and be dealt with in  accordance  with the Company's
                    disciplinary procedures.

Regulatory          You are  required  to comply with all  reasonable  requests,
Requirements:       instructions   and   regulations   (whether   statutory   or
                    otherwise)  which apply to your employment from time to time
                    including  any relevant  requirements  of the FSA and/or any
                    other  relevant  regulator.  It is  your  responsibility  to

<PAGE>

                    familiarise   yourself   with  all  such   regulations   and
                    requirements as made available to you by the Company.

                    It is a condition of your  employment  that you  demonstrate
                    and maintain  competence for the role you carry out, through
                    the initial  completion  and passing of relevant  modules of
                    Insurance Essentials, and of any other training packages and
                    tests   introduced   by  the  Company   from  time  to  time
                    thereafter.  In the event of you  failing  to  maintain  and
                    demonstrate competence for your role the Company will follow
                    the Performance Improvement Procedure.

Data  Protection:   In order to meet  statutory  requirements,  the Company,  as
                    your  employer,  is required to collect,  process and retain
                    information,  which the Data  Protection Act 1998 defines as
                    sensitive  personal  data.  By signing this Contract you are
                    expressly agreeing to the Company collecting, processing and
                    retaining the following information relating to:

                    a)   Ethnic origin - to ensure equality of opportunity;
                    b)   Physical  or mental  health or  condition  - as part of
                         sickness records;
                    c)   Disabilities   -  to  facilitate   adaptations  in  the
                         workplace; and
                    d)   Criminal    convictions    -   to   comply   with   the
                         Rehabilitation of Offenders Act.

                    This  information,  which  will be held  securely  by  Human
                    Resources  and,  where   applicable,   Occupational   Health
                    departments,  is processed in accordance with the principles
                    set out in the Data  Protection  Act.  You have the right to
                    inspect  such   information   and,  if  necessary,   require
                    corrections to be made if the information  held about you is
                    inaccurate.   Should  you  wish  to  inspect  or  amend  any
                    sensitive  personal data held about you, then please contact
                    Human Resources.

                    The Company has an integrated Global Payroll and HR database
                    the server for which is located in the US. By accepting this
                    contract  you agree  that the  Company  may  input  relevant
                    personnel  records  into  these  databases,  which  will  be
                    transferred to the US for  processing.  The US does not have
                    equivalent data protection law to that of the UK, however it
                    is the  Company's  policy  to  maintain  the  same  rigorous
                    standards with regard to the processing of data in the US as
                    in the UK.

Collective          There are no collective agreements in force that will affect
Agreements:         your employment with the Group.

This Agreement  (comprising  this contract of employment  and  associated  offer
letter)  supersedes  any  existing  or prior  arrangements  between  you and the
Company or any subsidiary or associated Company of Willis Limited.  In the event
of differing terms, the offer letter will prevail.

<PAGE>

Definitions:

For the purposes of this contract the following definitions shall apply:

"Group" means the Company and any holding company or subsidiaries of the Company
or any such holding company from time to time.

"Client" means any person,  firm,  company or other organisation who or which as
at the date your employment terminates or at any time during the 12 months prior
to that date:

i)   gives or is in the habit of giving  instructions  directly  or  through  an
     Intermediary  to the Company or any other  company in the Group  concerning
     the Business; or
ii)  is supplied or is in the habit of being supplied directly by the Company or
     any  company  in the  Group or  indirectly  through  an  Intermediary  with
     services relating to the Business; or
iii) is an insured or reassured or an  Intermediary  having  influence  over the
     introduction  or  facilitation or securing of the Business with the Company
     or any other company in the Group.

"Business"  means the  business  of a type  carried on by the  Company or by any
other company in the Group at the date your employment terminates, including but
not limited to the placing or broking of insurance or reinsurance world-wide and
ancillary services,  the provision of risk management or risk transfer advice or
due diligence on mergers and acquisitions.

"Intermediary"  means any person,  firm or company by or through or with whom or
which the Business is introduced  and/or  facilitated on behalf of an insured or
reassured  whether or not such  intermediary  derives any financial benefit from
the arrangement.

"Prospective  Client"  means any  person,  firm,  company or other  organisation
engaged in substantive  negotiations (which have not yet finally been concluded)
with the Company or with any other  company in the Group in the 12 month  period
up to the date your  employment  terminates  for the supply of  services  by the
Company or any other company in the Group in relation to the Business.

"Global  Policy  Manual" means the Willis Group  Holdings  Limited Global Policy
Manual.

--------------------------------------------------------------------------------

Signed for and on behalf
of the Company:

I have read and understood  the Terms and  Conditions  stated in the Contract of
Employment document and I confirm my acceptance of them.

Signed:

Date:

--------------------------------------------------------------------------------Exhibit 10.23

STATE OF NORTH CAROLINA
COUNTY OF MECKLENBURG                                            LEASE AGREEMENT

         THIS LEASE AGREEMENT is made and entered into this 15th day of February
2008 by and between Landlord and Tenant (as hereinafter identified):

LANDLORD:         KENNINGTON FAMILY LLC, a North Carolina limited liability
                   company
<TABLE>
<CAPTION>
<S>                           <C>                           <C>                        <C>
------------------------------------------------------------------------------------------------------------
Landlord's Address             5016 Corrigan Court           Landlord's Address         5016 Corrigan Court
For Notices:                   Charlotte, NC 28277           For Mail:                  Charlotte, NC 28277
------------------------------------------------------------------------------------------------------------
Landlord's Phone:              (704) 541-2953                Landlord's Fax:            (704) 542-4618
------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
<S>                           <C>                           <C>                        <C>
TENANT:                        TRANSBOTICS CORPORATION, a Delaware corporation

------------------------------------------------------------------------------------------------------------
Tenant's Address               3400 Latrobe Drive            Tenant's Address           3400 Latrobe Drive
For Notices:                   Charlotte NC 28212            For Mail:                  Charlotte NC 28212
------------------------------------------------------------------------------------------------------------
Tenant's Phone:                704-361-1115                  Tenant's Fax:              704-364-4039
------------------------------------------------------------------------------------------------------------
</TABLE>

                              W I T N E S S E T H:
                              --------------------

         THAT for and in consideration of the mutual  agreements of Landlord and
Tenant  including the rental to be paid by Tenant to Landlord,  Landlord  hereby
leases to Tenant and Tenant  hereby leases and rents from Landlord the following
demised premises on the terms and conditions hereinafter set forth, to wit:

                                      -1-
<PAGE>

                          ARTICLE I: BASIC LEASE TERMS
                          ----------------------------

Section 1.        Demised Premises and Term.

Premises:         The Buildings ("Building 1" and "Building 2" and real property
                  beneath and adjacent thereto (the "Lot") described in Exhibits
                  A and A-1 (collectively the "Premises").

Lease Term:           Five (5) Years
Term Commencement Date:  See Article III, Section 1
Security Deposit: $10, 663.75 (carry over from prior lease)
Prepaid Rent: $0.00

Section 2.        Exhibits (incorporated by reference).

Exhibit A         Site Plan
Exhibit A-1       Lot Description

                      ARTICLE IA: CONSTRUCTION OF BULDNG 2
                      ------------------------------------

Section 1. Construction of Improvements.  Landlord shall use its best efforts to
cause Building 2 to be constructed on the Lot in a good and  workmanlike  manner
in  accordance  with the plans and  specifications  previously  agreed  upon and
approved by the parties,  site plan  restrictions,  applicable  building  codes,
zoning  regulations and other applicable laws. The "Target Date" for substantial
completion of Building 2 is February 28, 2007. Substantial completion shall mean
to complete the construction of Building 2 so that (i) all  systems--electrical,
heating,  air  conditioning  and  ventilation,  plumbing and sanitary  sewer are
complete and have passed applicable  inspections;  (ii) a temporary or permanent
certificate  of occupancy  for Building 2 has been issued;  (iii) Tenant can use
the Premises for their intended purposes without material interference to Tenant
conducting  its ordinary  business  activities so that (iv) the only  incomplete
items are minor or insubstantial details of construction, mechanical adjustments
or finishing touches.

Section 2. Notice.  Landlord shall give Tenant at least thirty (30) days advance
written notice of the estimated  substantial  completion  date if different from
the Target Date. If the  estimated  substantial  completion  date changes at any
time after Landlord gives notice,  then Landlord shall give thirty (30) calendar
days advance notice of the new estimated substantial completion date.

                                      -2-
<PAGE>

Section 3. Inspection and Punch list.  Before the Lease Term  Commencement  Date
(as defined in Article II below),  the  parties  shall  inspect the  premises of
Building  2,  have all  systems  demonstrated,  and  prepare a  punch-list.  The
punch-list   shall  list  incomplete,   minor,  or   insubstantial   details  of
construction;  necessary mechanical  adjustments,  and needed finishing touches.
Landlord  will  complete the punch list items within thirty days after the Lease
Term Commencement  Date.  Landlord will also promptly correct any latent defects
as they become known, if Tenant notifies  Landlord within thirty (30) days after
Tenant first learns of the defect.

Section 4. Compliance with  Environmental  Laws.  Landlord warrants that, to the
best of its  knowledge,  (i) the Lot is not now, and has not been at any time in
the past, a site or location for the use, generation,  production,  manufacture,
treatment,  storage, disposal, discharge, release or transportation of hazardous
materials,  (ii) the Lot is in compliance with all hazardous materials laws; and
(iii) there are and there are, and have been,  no  underground  or  above-ground
storage tanks  installed on or under,  or removed from the  Premises.  Hazardous
materials means all  petroleum-based,  toxic or hazardous materials regulated by
any federal, state or local governmental authorities.

                              ARTICLE II: PREMISES
                              --------------------

Section 1. Description.  The Premises this day leased and demised are located at
3400 Latrobe Drive, in Charlotte, Mecklenburg County, North Carolina and consist
of two office/warehouse buildings (Building 1 and Building 2, collectively,  the
"Buildings"),  real property beneath and immediately adjacent thereto containing
approximately 6.541 acres, and landscaping and sidewalks which are situated upon
the real property described on Exhibit A-1 (the "Lot").

Section 2.  Quiet  Enjoyment.  Landlord  agrees  that  Tenant,  upon  paying the
stipulated rental and keeping and performing all of the agreements and covenants
herein  contained to be  performed by Tenant,  shall hold and enjoy the Premises
for the Lease Term, subject to the terms of this Lease and any mortgage to which
this Lease is or may be  subordinated.  Tenant shall have the exclusive right to
use and enjoy the Premises and all elements there, including the Buildings,  the
parking areas and landscaped and other exterior areas and facilities.

Section  3.  Acceptance  of  Premises.  Landlord  will  deliver  Building 2 in a
broom-clean,  move-in  condition,  with all equipment  and  fixtures,  including
plumbing, HVAC and electrical systems servicing Building 2 being in good working
order, which Landlord shall warrant for a period of six (6) months following the
commencement date. Except as herein provided, the Tenant accepts the Premises in
their "as-is"  condition and Landlord makes no  representation  or warranty with
respect to their condition or suitability for Tenant's purposes.

                                      -3-
<PAGE>

                             ARTICLE III: LEASE TERM

Section 1. Initial Term. The Lease Term  Commencement  Date shall be the earlier
of: (a) the date Tenant  takes  possession  of and  occupies  Building 2; or (b)
after Building 2 is substantially  completed according to Article IA, Section 1,
Landlord  give the notice  required  by Article IA,  Section 2, and  Landlord is
ready, willing, and able to deliver actual possession of Building 2. The term of
this Lease shall commence on the Term  Commencement  Date and shall terminate at
6:00 p.m. on the Termination  Date. Prior to the Lease Term  Commencement  Date,
Tenant may  continue  to occupy  and  possess  Building  1 as a holdover  tenant
pursuant to the terms and conditions of that certain Lease Agreement dated March
21, 2001 at the current rental rate.

Section 2. Renewal Terms.  Provided  Tenant is not in default in its performance
of its  obligations  hereunder,  the term of this Lease may be  extended  at the
option  of  Tenant  for two (2)  additional  three  (3)  year  Renewal  Terms as
hereinafter provided.  Tenant's option to extend each term shall be exercised by
written  notice  delivered  to Landlord  given not less than one hundred  twenty
(120) day prior to the  termination  date of the  Initial  Term and the  initial
Renewal Term, respectively.

     The Fixed Rent  payable by Tenant  during any such Renewal Term shall be as
agreed upon between Landlord and Tenant in writing.

Section 3. Holdover.  Tenant shall, at the  termination of this Lease,  yield up
immediate  possession of the Premises to Landlord as herein above  provided.  If
Tenant retains possession of and portion of the Premises after termination, then
such  holding  over shall  automatically  constitute  the creation of a month to
month  tenancy  at  sufferance  upon the term and  conditions  set forth in this
Lease.  Tenant shall also pay to Landlord an amount equal to all direct  damages
sustained  by  Landlord  resulting  from  retention  of  possession  by  Tenant,
including those resulting from the loss of or damages to any subsequent  tenant.
No holding over by Tenant,  whether with or without  consent of Landlord,  shall
operate to extend this Lease except as otherwise expressly  provided,  nor shall
receipt of any rent or other apparent affirmation of tenancy operate as a waiver
of Landlord's  right to terminate this Lease and pursue its default remedies for
any  breach of any of the  terms of the  Lease  including  the  holding  over of
Tenant.

Section 4.  Easement  for Entry.  At any time  prior to the  Commencement  Date,
Tenant shall have the right, at its own risk and peril, to enter upon Building 2
for any purpose expressly permitted by Landlord; provided, however, that no such
entry shall in any way interfere with Landlord's work and Tenant shall indemnify
and hold Landlord  harmless from any loss or liability  resulting from any entry
by Tenant.

                                      -4-
<PAGE>

                                ARTICLE IV: RENT
                                ----------------

Section 1. Rent.  Commencing  on the first day of the month  following the Lease
Term Commencement  Date, equal monthly  installments of Fixed Rent in the amount
of $20,458.33 shall be due and payable in advance,  without setoff or deduction,
on or before the first day of each calendar  month at Landlord's  Notice or mail
Address set forth in Article I. Rent for that portion of the month  beginning on
the Lease Term Commencement Date and ending on the day immediately preceding the
first full  monthly  installment  of Fixed Rent is due shall be due and  payable
prior to the Lease Term Commencement  Date and shall be calculated  pro-rata for
such portion of the month.  Fixed Rent shall increase  annually by three percent
(3%)  beginning on the first day of the month  following the  anniversary of the
Lease Term Commencement Date and each anniversary of such date thereafter.

During the Renewal Terms,  if any,  monthly  installments of Fixed Rent shall be
payable in the amounts as agreed upon between Landlord and Tenant.

Section 2.  Additional  Rent.  Tenant shall pay, as  Additional  Rent,  all real
property taxes and assessments,  special or otherwise,  imposed or levied on the
Premises  ("Real Estate  Taxes")  during the Term,  together with all reasonable
legal  fees,  costs and  disbursements  incurred  for  proceedings  to  contest,
determine,  or reduce Real Estate Taxes,  but only to the extent the Real Estate
Taxes are reduced.  Real Estate Taxes shall be  determined  and paid as follows:
each year  during the Term,  Landlord  shall  provide  Tenant with a copy of the
assessment  for Real  Estate  Taxes for the coming  calendar  year issued by the
appropriate  governmental authority.  The amount of the annual Real Estate Taxes
shall be divided by the number 12, to obtain the pro rata monthly amount of Real
Estate  Taxes.  Landlord  shall pay the total Real  Estate  Taxes due  (provided
Landlord may contest or seek a reduction of such Taxes as it deems proper) prior
to the imposition of any late payment fee,  penalty or charge,  and Tenant shall
monthly pay to Landlord as Additional  Rent the pro rata monthly  amount of Real
Estate  Taxes for each  month  during  the Term  until the Term ends or the next
calendar year begins,  whichever first occurs. If, for any reason, Landlord pays
a different  amount of Real Estate Taxes than the amount of the  assessment  for
that period, Landlord shall promptly notify Tenant, provide Tenant with proof of
the different amount,  and the parties shall "true up" the amount paid by Tenant
for Real Estate Taxes during the relevant calendar year with the amount Landlord
actually paid.

Tenant  shall also pay,  as  Additional  Rent,  all  Insurance  Costs.  The term
"Insurance  Costs"  shall mean and include  the cost to  Landlord  of  insurance
obtained in connection with the Premises,  Buildings and Lot including,  without
limitation,  any liability  insurance;  fire, theft or other casualty insurance.
Annual  Insurance costs during the Term shall b paid to the Landlord when and as
due and  reimbursed to the Landlord by Tenant as  Additional  Rent paid pro-rata
monthly during the applicable premium year during the Term on a similar basis as
Real Estate Taxes.

                                      -5-
<PAGE>

Section 2. Late  Charge.  In the event Tenant  fails to pay any  installment  of
Fixed Rent, Additional Rent, or other sum due hereunder within ten (10) business
days of the date when due,  Tenant shall pay to Landlord on demand a late charge
in an amount equal to five percent (5%) of such  installment  or payment to help
defray the  additional  cost to Landlord for processing  such late payment.  The
amount of late charges for any month shall be computed on the aggregated  amount
of delinquent rents and other payments,  including all accrued late charges. The
provision for such late charge shall in no way relive  Tenant of the  obligation
to pay rent or other  payments on or before the date upon which they are due and
shall not be construed as limiting Landlord's remedies in any manner.

                  ARTICLE V: REPAIRS, MAINTENANCE AND UTILITIES
                  ---------------------------------------------

Section 1. Repairs by Landlord. Within sixty (60) days after written notice from
Tenant,  Landlord shall make necessary  structural repairs to the exterior walls
(excluding the exterior of and the frames  surrounding all windows,  doors,  and
plate glass) of the  Premises;  necessary  repairs to the roof,  foundation  and
load-bearing  walls  of the  Building;  necessary  repairs  or  replacements  to
plumbing, pipes, and conduits servicing the Premises;  (provided such are in the
nature of capital  improvements and not necessitated by Tenant's use).  Landlord
shall not be required to make any repair  resulting  from any  negligent  act or
omission of Tenant or any  subtenant,  or their  respective  employees,  agents,
invitees or visitors.  Landlord  shall have no liability  or  responsibility  to
Tenant for loss or damage  should the  furnishing  of any of the  utilities  and
services herein provided be prohibited or stopped for repairs,  alterations,  or
improvements or by reasons or causes beyond Landlord's control,  including,  but
without  limitation,  accidents,  strikes,  lockouts  or  orders of any local or
federal  government.  Landlord shall be responsible for capital  expenditures to
repair or replace the HVAC equipment that exceed $1,000.00 in any calendar year.
All  repairs  made by  Landlord  shall be  performed  in a good and  workmanlike
manner,  in compliance with all applicable codes, and at least equivalent to the
quality of the original work.

Section 2.  Repairs by Tenant.  Tenant  shall keep and  maintain  in good order,
condition  and repair  throughout  the term the Premises and every part thereof,
including, without limitation trash removal,  landscaping,  lawn, parking areas;
fixtures and equipment  located therein;  the exterior and interior  portions of
all doors, windows and glass; electrical wiring and conduits,  plumbing,  sewage
and septic facilities within the Premises;  HVAC equipment;  and interior walls,
floors and ceilings. Tenant's repair and maintenance obligations shall be at its
sole cost and  expense.  All repairs made by Tenant shall be performed in a good
and workmanlike  manner,  in compliance with all applicable  codes, and at least
equivalent  to the quality of the  original  work.  Tenant shall keep in force a
standard maintenance agreement with regard to the HVAC equipment with a licensed
mechanical  contractor acceptable to Landlord in form and content requiring at a
minimum,  quarterly  inspection.  A copy of the  maintenance  agreement shall be
provided to Landlord. Tenant shall, at its own expense, maintain the Premises in
a clean  and  orderly  condition  complying  with  all  governmental  rules  and
regulations applicable to the Premises and shall not cause, allow or create upon
the  Premises  any  condition  which may  constitute a nuisance or danger to the
general public.

                                      -6-
<PAGE>

         If  Tenant   shall  fail  to  commence   its  repair  and   maintenance
obligations,  to the reasonable satisfaction of Landlord within thirty (20) days
after written notice given,  Landlord may make such repairs without liability to
Tenant, and Tenant shall pay to Landlord upon demand the reasonable cost of such
repairs  plus  interest  at the legal rate from the date of demand  until  paid,
subject to the above limitations.

Section 3. Utilities.  Tenant shall pay promptly when due all charges and costs,
including tap fees,  meter deposits,  or hook up charges for  electricity,  gas,
heat,  steam, hot and/or cold water,  air  conditioning,  ventilation,  lighting
systems and other utilities supplied to the Premises, Building and Lot. Landlord
shall have no liability to Tenant for  disruption of any utility  service and in
no event shall such disruption  constitute a constructive eviction or entitle to
any abatement of Rent.

Section 4. Operating  Expenses.  Tenant shall pay one hundred  percent (100%) of
all costs of  occupancy  including,  but not limited to,  real  property  taxes,
hazard  insurance,  utilities,  janitorial,  refuse  removal and HVAC  equipment
maintenance. Landlord shall pay any annual property owner's association fees and
assessments.

Section  5.  Alterations.  Tenant  may not make any  alterations,  additions  or
improvements to the Premises without  Landlord's prior,  written consent.  Minor
decorative changes to the interior do not require Landlord's  consent.  Landlord
shall not  unreasonably  withhold,  delay or condition  consent to nonstructural
interior  alterations to a Building that do not adversely affect its appearance,
value or structural strength.

                          ARTICLE VI: USE AND OCCUPANCY
                          -----------------------------

Section  1.  Use.  Subject  to and  in  accordance  with  all  rules,  statutes,
ordinances  and  regulations  of all  governmental  authorities  and  Landlord's
insurance  carrier,  Tenant shall use and occupy the Premises for general office
and  warehouse  purposes and assembly and testing of automatic  guided  vehicles
only as permitted  under  current I-2 zoning.  Upon  termination  of this Lease,
Tenant will vacate and  surrender  possession  of the Premises (and all fixtures
and systems  appertaining  thereto) to the Landlord in as good  condition as the
Premises were upon the Commencement  Date,  ordinary wear and tear, loss by fire
or other casualty, excepted.

Section 2.  Insurance.  Landlord  shall  obtain and  maintain  in full force and
effect extended coverage casualty  insurance with windstorm,  hail and explosion
coverage for the full replacement value of the Buildings, as the value may exist
from time to time. Landlord and Tenant shall each maintain comprehensive general
liability  insurance,  with  minimum  combined  single limit of liability of two
million  dollars  ($2,000,000.00)  for  personal  injuries  or death of  persons
occurring in or about the Buildings and Lot.

                                      -7-
<PAGE>

Section 3. Waiver of  Subrogation.  Landlord and Tenant hereby each agree to use
all  reasonable  commercial  effort to have any insurer  providing  insurance to
either of them issue a waiver of any right of subrogation  which such insurer of
one party may  acquire  against  the other by virtue of its  payment of any loss
pursuant to such insurance coverage.

Section 4. Indemnity. Tenant shall indemnify, defend and hold harmless Landlord,
its agent,  servants  and  employees,  from and  against  any and all claims and
demands  whether  for  injury to  person,  loss of life or  damage to  property,
related to or  arising in any manner  from  Tenant's  use and  occupancy  of the
Premises  or  occasioned  wholly or in part by any act or  omission of Tenant or
Tenant's agents,  contractors,  employees,  sublessees,  customers and invitees.
Landlord shall  indemnify,  defend and hold Tenant harmless from and against any
all claims and demands,  whether for injury to person, loss of life or damage to
property for incidents  occurring in or bout the Lot or Buildings  caused by the
negligence or willful misconduct of Landlord, its agents, employees or invitees.
When a claim is caused by the joint negligence or willful misconduct of Landlord
and Tenant or a party and an unrelated third party,  each party's  obligation to
defend,  indemnify  and hold the other  harmless  shall be in  proportion to its
allocable share of the joint negligence or willful misconduct.

Section  5.  Tenant's  Personal  Property.  Except  with  respect  to the  gross
negligence or willful  misconduct  of Landlord,  its agents and  employees,  (a)
Landlord  shall not be liable for any damage to or loss of  Tenant's  or other's
personal  property  located in the Premises by theft or otherwise;  (b) Landlord
shall  not be  liable  for any  injury or  damage  cause by any  persons  in the
Premises or elsewhere  on the Lot; and (c) Landlord  shall not be liable for any
injury or damage to persons  or  property  or to the  interior  of the  Premises
resulting from fire, explosion,  falling plaster, steam, gas, water, rain, snow,
or the leaking of the roof or the  bursting,  leaking or  overflowing  of water,
sewer or other pipes.

Section 6. Compliance With Laws. During the Term, Landlord shall comply with all
applicable laws regarding the Lot and Buildings except to the extent Tenant must
comply.  Tenant shall comply with all applicable laws (i) regarding the physical
condition of the Premises, but only to the extent the applicable laws pertain to
the  particular  manner in which Tenant uses the  Premises;  or (ii) that do not
relate to the physical condition of the Premises but relate to the lawful use of
the Premises and with which only the occupant can comply such as laws  governing
maximum occupancy, workplace smoking and illegal business operations.

              ARTICLE VII: DAMAGE OR DESTRUCTION AND EMINENT DOMAIN
              -----------------------------------------------------

Section 1. Damage or Destruction.  If all or any part of the Premises is damaged
or destroyed by fire, storm, war, riot, Act of God, unavoidable accident, public
enemy or other  casualty,  this Lease  shall  continue in full force and effect,
unless  terminated as provided below, and Landlord shall,  within a commercially
reasonable period after such destruction, repair and restore the Premises to the
condition in which they were prior to such damage or destruction; provided,

                                       -8-
<PAGE>

however  Landlord shall not be obligated to commence such repair until insurance
proceeds  are  received by Landlord and  Landlord's  obligation  for such repair
shall be  limited to the  proceeds  actually  received.  Should  such  damage or
destruction render the Premises  unsuitable for occupancy,  in whole or in part,
then during the time  required for  repairing  and  restoring  said  Premises as
aforesaid, Tenant's rental shall be proportionately reduced in the same ratio as
the portion of the Premises rendered unsuitable for occupancy bears to the total
square.

         Notwithstanding anything contained herein to the contrary,  Landlord at
its option may terminate this Lease on thirty (30) days notice to Tenant if: (a)
the  Premises  or the  Building  are  damaged  or  destroyed  as a result  of an
occurrence which is not covered by Landlord's insurance; (b) the Premises or the
Building  are damaged or  destroyed  during the last six (6) months of the Lease
Term;  or (c) the Building is damaged  (whether or not the Premises are damaged)
to such a  significant  extent  that,  in the sole  judgment  of  Landlord,  the
Building cannot be operated after repair as an economically viable unit.

Section 2. Eminent  Domain.  In the event the entire Premises are taken by power
of eminent  domain,  this Lease  shall  terminate  automatically  as of the date
possession  is required to be  delivered.  If less than all but more than thirty
percent  (30%) of the floor  area of the  Premises  should be taken,  this Lease
shall,  at the option of either  party,  terminate  effective on the date of the
taking by written  notice given to the other party within thirty (30) days after
the date of the taking.  If the Lease is not terminated as above  provided,  the
provisions  of this Lease shall remain in full force and effect  except that the
rent payable by Tenant after the taking  shall be reduced in  proportion  to the
area of the Premises  taken.  All  condemnation  awards and proceeds of sales in
lieu of  condemnation  shall belong solely to Landlord,  but Tenant may make any
separate claim for business  interruption or relocation expenses to which it may
be entitled.

                      ARTICLE IX: ASSIGNMENT AND SUBLETTING
                      -------------------------------------

         Tenant  may not  assign,  transfer,  mortgage  or pledge  this Lease or
sublet all or any portion of the  Premises,  without  Landlord's  prior  written
consent (which consent shall not be unreasonably  withheld or delayed,  provided
such a transfer is for a similar use of the Premises). Any assignment, transfer,
mortgage, pledge, sublease, or other encumbrance shall not affect the continuing
primary liability of Tenant and no consent to any of the foregoing in a specific
instance shall be deemed a waiver of any subsequent instance.

         Notwithstanding the foregoing,  the Tenant shall be permitted to assign
this Lease to any of its subsidiaries or affiliated  companies without the prior
written consent of the Landlord.

                               ARTICLE X: DEFAULT
                               ------------------

                                      -9-
<PAGE>

Section 1. Default.  Any one or more of the following  events shall be deemed to
be events of default by Tenant  under this Lease:  (a) Subject to the  exception
hereinafter  provided,  Tenant shall fail to pay any  installment  of Fixed Rent
when due; or fail,  after a period of ten(10) days written notice of nonpayment,
to remit to Landlord any other payment or reimbursement required hereunder;  (b)
Tenant shall become  insolvent,  or shall make an assignment  for the benefit of
creditors,  or shall file or have filed against it a petition  under any section
or  chapter of the United  States  Bankruptcy  Code,  as  amended,  or under any
similar  law or statute of the United  States or any state  thereof;  (c) Tenant
shall fail to comply with any term,  or  provision of this Lease (other than the
foregoing in this  paragraph for which a cure period is  designated),  and shall
not cure such failure within twenty (20) days after written  notice,  or if such
event is not capable of being cured within  twenty(20) days Tenant shall fail to
commence and thereafter diligently pursue said cure to completion;  (d) Tenant's
shall abandon or vacate any substantial portion of the Premises; (e)Tenant shall
fail to vacate the Premises  immediately upon termination of this Lease, or upon
termination  of  Tenant's  right  to  possession  only.   (Notwithstanding   the
provisions of subparagraph (a) above,  Tenant shall be afforded one ten (10) day
written notice and opportunity to cure per twelve (12) month period with respect
to Tenant's failure to pay Fixed Rent when due).

Section 2. Remedies.  Upon the  occurrence of any event of default  described in
Section 1, above,  or elsewhere in this Lease,  Landlord shall have the right to
terminate  this Lease,  or to  terminate  Tenant's  right to  possession  of the
Premises  only,  without  termination  this  Lease,  and  to  simultaneously  or
thereafter pursue any and all remedies available to Landlord at law or in equity
for the  recovery  from  Tenant  for all  damages,  including  attorneys'  fees,
suffered by Landlord by reason of Tenant's default.

Section 3. No Waiver.  Landlord's  acceptance  of the payment of rental or other
payments  hereunder  after the  occurrence  of an event of default  shall not be
construed  as a waiver of such  default  unless  Landlord so notifies  Tenant in
writing.  If, on account  of any breach or default by Tenant in its  obligations
under  the terms and  conditions  of this  Lease it shall  become  necessary  or
appropriate for Landlord to employ or consult with an attorney  concerning or to
enforce or defend any of Landlord's rights or remedies hereunder,  Tenant agrees
to pay any and all attorney's fees and expenses so incurred.

Section 4. Mitigation.  Landlord shall mitigate its damage by making  reasonable
efforts to relet the  Premises on  reasonable  terms.  Landlord  may relet for a
shorter  or longer  period of time  than the Lease  Term and make any  necessary
repairs or alterations.  Landlord may relet on any reasonable  terms including a
reasonable  amount of free rent. If Landlord  relets for a period of time longer
than the current  Lease  Term,  then any  special  concessions  given to the new
tenant shall be allocated  through out the entire  reletting  term to not unduly
reduce the amount of  consideration  received by Landlord  during the  remaining
period of Tenant's Term.

                                      -10-
<PAGE>

                         ARTICLE XI: GENERAL PROVISIONS

Section 1.  Subordination.  Upon written  request of Landlord,  Tenant agrees to
execute an agreement  subordinating  Tenant's interest in this Lease to the lien
of any mortgage or deed of trust covering the Premises, and will agree to attorn
to any  such  mortgagee  provided  Tenant's  right  to the  peaceful  and  quiet
possession of the Premises is recognized by said mortgagee.

Section 2.  Estoppels.  Tenant  agrees  from time to time,  within ten (10) days
after  request of  Landlord,  to deliver to  Landlord  an  estoppel  certificate
stating that this Lease is in full force and effect,  the date to which rent has
been paid, the unexpired term of this Lease, and other such matter pertaining to
this Lease as may be  requested by Landlord.  It is  understood  and agreed that
Tenant's obligation to furnish an estoppel  certificate in a timely fashion is a
material inducement for Landlord's execution of this Lease.

Section 3. Choice of Law and Construction.  Time is of the essence in this Lease
and all of its provisions,  after ten (10) days written notice. This Lease shall
be in all  respects  governed by the laws of the State of North  Carolina.  This
Lease,  together with its exhibits,  contains all of the agreements  between the
parties  hereto and  supersedes  any previous  negotiations.  There have been no
representations  made by Landlord  or  understandings  made  between the parties
other  than those set forth in this  Lease and its  exhibits.  Any waiver by the
Landlord  of its  rights  under  this  Lease on any one  occasion  shall  not be
construed  to be a waiver of such  right on any other  occasion.  If any of this
Lease, or the application  thereof to any person or  circumstances  shall to any
extent  be  invalid  or  unenforceable,  the  remainder  of this  Lease,  or the
application of such term to not be affected thereby, and each term of this Lease
shall be valid and enforceable to the fullest extent permitted by law.

Section  4. Bind and Inure.  The  obligations  of this Lease  shall run with the
land,  and this  Lease  shall be  binding  upon and inure to the  benefit of the
parties  hereto and their  respective  successors  and assigns,  except that the
Landlord named herein and each successive  owner of the Building shall be liable
only for the obligations accruing during the period of its ownership.

Section 5. Notices.  All notices required or permitted under this Lease shall be
in writing,  signed by the party giving such notice and transmitted by certified
mail,  postage  prepaid,  and shall be deemed given when deposited in the United
States Mails addressed to Tenant or Landlord at their  respective  addresses for
notice set forth in Article I hereof.

Section 6. Brokers.  The Tenant and Landlord  warrant to each other that no real
estate broker or other person will claim a commission  in  connection  with this
Lease  arising from each party's  separate  actions.  Should any other claim for
commission be established,  the parties hereby agree to hold each other harmless
with  respect  thereto to the extent that one or the other is shown to have been
responsible for the creation of such claim.

                                      -11-
<PAGE>

Section 7.  Memorandum  of Lease.  At the request of either  party,  the parties
shall promptly execute and record,  at the cost of the requesting party, a short
form memorandum described the Premises and stating the Lease Term, the Beginning
and Ending  Dates,  and other  information  the parties agree to include in such
Memorandum.

Section 8. Prior  Lease.  The parties  terminate  that certain  Lease  Agreement
between them dated March 21, 2001 and all tenancies  created thereby,  effective
as of the Lease Term Commencement Date. The parties represent and warrant one to
the other that there are no undischarged claims, defaults or liabilities arising
out of or related that Lease Agreement and that all obligations  created thereby
have been satisfied in full.

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

LANDLORD:                                   TENANT:

KENNINGTON FAMILY LIMITED                   TRANSBOTICS CORPORATION,
LLC, a North Carolina limited               A Delaware corporation
partnership

By: /s/ Curt Kennington                     By:  /s/ Claude Imbleau
   ---------------------------                 ---------------------------
General Partner                             Chief Financial Officer

                                      -12-

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