Document:

April 27, 2012

 

Bob Smith. CEO

Vision Motor Company

1000 2nd Avenue, Suite 312

North Myrtle Beach, SC 29582

 

Lou Camilli, President

Enerpulse, Inc.

2451 Alamo Ave. SE

Albuquerque, MN 87108

 

Dear Mr. Camilli:

 

Vision Motor Company is pleased to inform you that Enerpulse
Inc. has been nominated as the sole supplier of Pulse Plugs for our SEER ngv vehicle platform. This nomination is for the
"life of platform" and is awarded at the agreed price $8.47/unit

 

We expect Enerpulse to initiate required tooling immediately
upon receipt of this letter, and to be production ready no later than August 1, 2012. Planning volumes are as follows:

 

	o	2012	1,000 Vehicles	 	4,000 Pulse Plugs	 
	o	2013	5,000 Vehicles	 	20,000 Pulse Plugs	 
	o	2014	25,000 Vehicles	 	100,000 Pulse Plugs	 
	o	2015	50,000 Vehicles	 	200,000 Pulse Plugs	 

 

We look forward to working with you.

 

Sincerely,

 

Bob Smith, CEO

 

	1000 2nd. Ave. South, Suite 312, North Myrtle Beach, SC 29582	Phone: 843·424-8940
	www.visionmotorcompany.com 	bob@visionmotorcompany.comEXECUTIVE EMPLOYMENT AGREEMENT

 

This agreement is made between ENERPULSE, Inc. located at 2301
Yale Boulevard, SE, Albuquerque, NM (COMPANY) and Louis S. Camilli located at 1314 Sigma Chi, Albuquerque, NM (EXECUTIVE).

 

WHEREAS, the
COMPANY desires to engage the services and employment of EXECUTIVE and the EXECUTIVE is willing to accept employment by the COMPANY
on a full-time basis for such period upon the terms and conditions hereinafter set forth;

 

NOW THEREFORE,
the COMPANY and EXECUTIVE agree as follows:

 

		1.	Your
                                                                                                    title will be President and
                                                                                                    Chairman of The Board of Directors.
                                                                                                    

 

		2.	You
                                                                                                    will receive a salary of eight
                                                                                                    thousand three hundred and
                                                                                                    thirty three dollars ($8,333.00)
                                                                                                    per month. 

 

		3.	In
                                                                                                    addition to your salary you
                                                                                                    and your family will receive
                                                                                                    a health, dental, optical,
                                                                                                    disability and term life insurance
                                                                                                    plan subject to the standard
                                                                                                    deductions and co-pay provisions
                                                                                                    in the COMPANY plan. Because
                                                                                                    you are a Director on the
                                                                                                    COMPANY Board, you will be
                                                                                                    eligible for Directors’
                                                                                                    Insurance as approved by the
                                                                                                    Board of Directors.

 

		4.	You
                                                                                                    will be eligible to participate
                                                                                                    in the COMPANY’s 401K
                                                                                                    plan.

 

		5.	You
                                                                                                    will receive four (4) weeks
                                                                                                    of paid vacation per year
                                                                                                    and will be allowed to roll
                                                                                                    over one (1) week of vacation
                                                                                                    not taken from the previous
                                                                                                    year into the subsequent year.

 

		6.	You
                                                                                                    will be reimbursed for all
                                                                                                    reasonable out of pocket expenses
                                                                                                    according to company policy
                                                                                                    and when supported by a written
                                                                                                    expense report. Such expenses
                                                                                                    will be reimbursed within
                                                                                                    10 days of submittal.

 

		7.	You
                                                                                                    will be eligible for an annual
                                                                                                    discretionary executive cash
                                                                                                    bonus, which will be paid
                                                                                                    out on the achievement of
                                                                                                    sales, profit and/or other
                                                                                                    agreed to management objectives.

 

		8.	Should
                                                                                                    the COMPANY terminate your
                                                                                                    employment for any reason
                                                                                                    other than cause, you will
                                                                                                    be entitled to severance payment
                                                                                                    in accordance with COMPANY
                                                                                                    policy.

 

		9.	You
                                                                                                                        will sign
                                                                                                                        the COMPANY’s
                                                                                                                        EMPLOYEE
                                                                                                                        CONFIDENTIALITY
                                                                                                                        AND INVENTION
                                                                                                                        ASSIGNMENT
                                                                                                                        AGREEMENT
                                                                                                                        as condition
                                                                                                                        of your
                                                                                                                        employment.

 

	2301 YALE BLVD.
    S.E., A6   ALBUQUERQUE, NM 87106	PHONE:
    1-888-800-6700	FAX; 505-842-6592	www.enerpulse.com

 

    	 

    	 

    

 

 

		10.	This
                                                                                                     Agreement shall be governed
                                                                                                     by and construed in accordance
                                                                                                     with the laws of the state
                                                                                                     of New Mexico.

 

	/s/ Louis S. Camilli	 	January 20, 2004	 	/s/ Daniel W. Parker
	Louis S. Camilli	 	Effective Date	 	Daniel W. Parker
	 	 	 	 	Chief Operating Officer
	 	 	 	 	ENERPULSE, Inc.

 

	2301 YALE BLVD.
    S.E., A6   ALBUQUERQUE, NM 87106	PHONE:
    1-888-800-6700	FAX; 505-842-6592	www.enerpulse.com

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