Document:

Exhibit 10.2 Amendment to Employment Agreement dated February 20, 2007 by and
      between the Company and Robert Cooper.

     

     

    
      	
              Exhibit
                10.2

            

    

    
 

    AMENDMENT
      NO. 2 TO

     

    SECOND
      AMENDED AND RESTATED 

     

    EMPLOYMENT
      AGREEMENT

     

    THIS
      AMENDMENT NO 2. TO SECOND AMENDED AND RESTATED AGREEMENT, dated as of February
      20, 2007 (the “Amendment”), amends the Second Amended and Restated Agreement,
      made and entered into as of August 1, 2003, and, amended as of December 27,
      2004
      (the “Agreement”), by and between REPUBLIC AIRWAYS HOLDINGS INC. (the
“Company”), a Delaware corporation, and ROBERT HAL COOPER (the
“Executive”).

     

    R
      E C I T A L S

     

    WHEREAS,
      the Company and the Executive entered into the Agreement; and

     

    WHEREAS,
      the Company and the Executive desire to amend the Agreement as and to the extent
      provided for herein,

     

    NOW,
      THEREFORE, in consideration of the foregoing and the mutual covenants
      hereinafter set forth and other good and valuable consideration, the receipt
      and
      sufficiency of which is hereby acknowledged, and intending to be legally bound,
      the parties hereto agree as follows:

     

    1.  Dates.
      All
      references in the Agreement to the 2007 calendar year shall be references to
      the
      2008 calendar year. All references in the Agreement to January 1, 2007 shall
      be
      references to January 1, 2008. All references in the Agreement to July 31,
      2007
      shall be references to July 31, 2008. 

     

    2.  Base
      Salary and Severance Compensation.
      The
      reference in Section 3(a) of the Agreement to $175,000 shall be a reference
      to
      $225,000 for the period from August 1, 2007 to July 31, 2008. 

     

    3.  Annual
      Deferred Compensation.
      The
      reference in Section 3(b) of the Agreement to $70,000 shall be a reference
      to
      $112,500.

     

    4.  Severance
      Compensation.
      The
      Severance Compensation shall be on the same terms and conditions as in the
      Agreement, except that the amount of such Severance Compensation shall equal
      the
      Base Salary which would have been paid to the Executive for the remainder of
      the
      Term had he continued to be employed by the Company. The Severance Compensation
      shall be paid in a lump sum as soon as practicable following a qualifying
      termination as set forth in Section 4.

     

    5.  Defined
      Terms.
      All
      capitalized terms used herein shall have the respective meanings ascribed to
      such terms in the Agreement unless otherwise defined herein.

     

    6.  Counterparts.
      This
      Amendment may be executed in counterparts, each of which shall be deemed an
      original but all of which together shall constitute one and the same
      instrument.

     

    7.  Miscellaneous.
      Except
      as amended herein, the Agreement shall remain in full force and effect.

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
      date
      first above written.

    
      	 	 	 
	 	REPUBLIC
              AIRWAYS HOLDINGS, INC.
	 
 	 
 	 
 
	Date: February
              20, 2007	By:  	/s/ Bryan
              K.
              Bedford
	 	
              
Name:
              Bryan K. Bedford
	 	Title:
              President and Chief Executive
              Officer 

    

     

    
      	 	 	 
	 	 
	 
 	 
 	 
 
	Date: February
              20, 2007	By:  	/s/ Robert
              H.
              CooperExhibit 10.3 Amendment to Employment Agreement dated February 20, 2007 by and
      between the Company and Wayne Heller

     

    
      	
              Exhibit
                10.3

            

    

     

    
 

    AMENDMENT
      NO. 2 TO

     

    SECOND
      AMENDED AND RESTATED 

     

    EMPLOYMENT
      AGREEMENT

     

    THIS
      AMENDMENT NO 2. TO SECOND AMENDED AND RESTATED AGREEMENT, dated as of February
      20, 2007 (the “Amendment”), amends the Second Amended and Restated Agreement,
      made and entered into as of August 1, 2003, and, amended as of December 27,
      2004
      (the “Agreement”), by and between REPUBLIC AIRLINES HOLDINGS INC. (the
“Company”), a Delaware corporation, and WAYNE C. HELLER (the
“Executive”).

     

    R
      E C I T A L S

     

    WHEREAS,
      the Company and the Executive entered into the Agreement; and

     

    WHEREAS,
      the Company and the Executive desire to amend the Agreement as and to the extent
      provided for herein,

     

    NOW,
      THEREFORE, in consideration of the foregoing and the mutual covenants
      hereinafter set forth and other good and valuable consideration, the receipt
      and
      sufficiency of which is hereby acknowledged, and intending to be legally bound,
      the parties hereto agree as follows:

     

    1.  Dates.
      All
      references in the Agreement to the 2007 calendar year shall be references to
      the
      2008 calendar year. All references in the Agreement to January 1, 2007 shall
      be
      references to January 1, 2008. All references in the Agreement to July 31,
      2007
      shall be references to July 31, 2008. 

     

    2.  Base
      Salary.
      The
      reference in Section 3(a) of the Agreement to $170,000 shall be a reference
      to
      $225,000 for the period from August 1, 2007 to July 31, 2008. 

     

    3.  Annual
      Deferred Compensation.
      The
      reference in Section 3(b) of the Agreement to $68,000 shall be a reference
      to
      $112,500.

     

    4.  Severance
      Compensation.
      The
      Severance Compensation shall be on the same terms and conditions as in the
      Agreement, except that the amount of such Severance Compensation shall equal
      the
      Base Salary which would have been paid to the Executive for the remainder of
      the
      Term had he continued to be employed by the Company. The Severance Compensation
      shall be paid in a lump sum as soon as practicable following a qualifying
      termination as set forth in Section 4.

     

    5.  Defined
      Terms.
      All
      capitalized terms used herein shall have the respective meanings ascribed to
      such terms in the Agreement unless otherwise defined herein.

     

    6.  Counterparts.
      This
      Amendment may be executed in counterparts, each of which shall be deemed an
      original but all of which together shall constitute one and the same
      instrument.

     

    7.  Miscellaneous.
      Except
      as amended herein, the Agreement shall remain in full force and effect.

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     

    IN
      WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
      date
      first above written.

    
      	 	 	 
	 	REPUBLIC
              AIRWAYS HOLDINGS, INC.
	 
 	 
 	 
 
	Date: February
              20, 2007	By:  	/s/ Robert
              H.
              Cooper
	 	Name: Robert H. Cooper
	 	Title: Executive
              Vice President and Chief Financial
              Officer 

    

     

    
      	 	 	 
	 	 
	 
 	 
 	 
 
	Date: February
              20, 2007	By:  	/s/ Wayne
              C.
              HellerExhibit 10.1

    
      
        

      

    

    Exhibit
      10.1

     

     

    SETTLEMENT
      AGREEMENT

    

    Between

    

    Aquatic
      Cellulose International Corporation

    

    &

    

    Legacy
      Systems Corporation

    

    &

    

    Gary
      J. Ackles

    

    

    

    

    

    [OFFICIAL
      DOCUMENT]

    
      
        
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            Cellulose International Corp. Pg
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          SETTLEMENT
            AGEEMENT

          JULY
            10th,
            2004

        

      

    

    
      

    

    THIS
      MEMORANDUM OF UNDERSTANDING MADE this _____ day of ________ 2004.

    

    
      	
              1.

            	
              PARTIES
                TO THIS AGREEMENT

            

    

    

    
      	 	
              1.1.

            	
              The
                following entities will hereinafter be referred to collectively as
                the
                “Parties”.

            

    

     

    
      	 	
              1.2.

            	
              Aquatic
                Cellulose International Corporation, hereinafter
                referred to as “Aquatic”,
                is a publicly traded company incorporated under the laws of the state
                of
                Nevada of the United States of America and traded on the “Pink Sheets”,
                trading symbol AQCI, the Chairman and CEO being Mr. Sheridan B. Westgarde,
                a resident of Vernon, British Columbia
                Canada.

            

    

    

    
      	 	
              1.3.

            	
              Legacy
                Systems Corporation,
                hereinafter referred to as “Legacy”,
                is
                a 100% privately owned company and incorporated under the laws of
                the
                state of Nevada of the United States of America, the Owner and President
                being Mr. Gary J. Ackles a resident of Vernon British Columbia
                Canada.

            

    

    

    1.3.1. Gary
      J.
      Ackles, hereinafter
      referred to as “Ackles”,
      is an
      individual residing in the city of Vernon British Columbia Canada.

    

    
      	
              2.

            	
              SCOPE
                OF THIS AGREEMENT

            

    

    

    
      	 	
              2.1.

            	
              This
                document is the primary instrument for establishing the particulars
                regarding;

            

    

     

    
      	
               

               

            	2.1.1.	
              The
                settlement of all outstanding debt owed to Ackles for unpaid wages,
                licensing fees and stock returned to treasury totaling
                $555,889[US].

            

    

    
      	
            	2.1.2.	
              The
                settlement of note owed to Legacy by Aquatic totaling $44,000 and
                ownership of the ATH mechanical assembly built and stored at Beaver
                Manufacturing Kamloops BC, Canada.

            

    

     

    
      	 	
              2.2.

            	
              It
                is here stated that the bodies of the respective board of directors
                and or
                principal parties of the respective parties have unanimously agreed
                to
                enter into this agreement.

            

    

    

    
      	 	
              2.3.

            	
              The
                terms of this settlement may only be amended in writing signed by
                all
                parties

            

    

    

    
      	
              3.

            	
              ATH
                MECHANICAL ASSEMBLY & $44,000
                LOAN

            

    

    

    
      	 	
              3.1.

            	
              Legacy
                hereby exercises its right to forgo the $44,000 loan made to Aquatic
                in
                exchange for full unencumbered rights to the ATH mechanical assembly
                built
                and stored at Beaver Manufacturing Kamloops. Legacy hereby assumes
                all
                costs of storage and/or any outstanding liabilities associated.
                

            

    

    

    
      	
              4.

            	
              AMOUNTS
                DUE LEGACY
                PRE-CONSOLIDATED

            

    

    

    
      	 	
              4.1.

            	
              Aquatic
                agrees to relinquish all claims to the Aquatic Timber Harvesting
                Machine
                and Legacy to assume full unencumbered rights to the said
                equipment.

            

    

    

    
      	 	
              4.2.

            	
              Aquatic
                agrees to issue 40,000,000 pre-consolidated shares of the Company’s common
                stock in exchange for the forgiveness of the funds borrowed from
                Legacy
                Systems and $80,000 of amounts due to Legacy for un-paid
                licensing.

            

    

    

    
      	 	
              4.3.

            	
              Each
                disbursement order Legacy will assign full voting rights of all those
                shares to the Aquatic Board of Directors regardless of who they are
                dispersed too. 

            

    

    

    
      
        
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            Cellulose International Corp. Pg
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          SETTLEMENT
            AGEEMENT

          JULY
            10th,
            2004

          

        

      

    

    

    
      	
              5.

            	
              AMOUNTS
                DUE ACKLES
                POST-CONSOLIDATED

            

    

    

    
      	 	
              5.1.

            	
              Ackles
                and Aquatic hereby agree to a TOTAL SETTLEMENT AMOUNT DUE ACKLES
                TO BE
                $417,000, which will be converted into 13 percent
                of
                the issued and outstanding post-consolidated shares of the Company
                pending
                shareholder approval of the Proxy.

            

    

    

    
      	 	
              5.2.

            	
              Regarding
                the post-consolidated shares Ackles would be an affiliate of the
                Company
                bearing all the restrictions of affiliates according to the Securities
                and
                Exchange Act of 1933 as well as retain all rights associated with
                these
                shares.

            

    

    

    
      	 	
              5.3.

            	
              Ackles
                agrees to an alternative method of payment for the remaining $417,000
                whereby should Aquatic chose to exercise this option, Aquatic can
                pay
                Ackles a cash payment of 130% of the value owed or $542,100 and Ackles
                will forgo all post-consolidated compensation as stated in item 5.1
                above.
                Aquatic and Ackles agree that this option will be subject to this
                cash
                payment being made to Ackles before the anticipated
                consolidation.

            

    

    

    
      	 	
              5.4.

            	
              Ackles
                and Aquatic hereby agree that this agreement shall preclude all other
                agreements and that all other agreements, licensing, consulting or
                otherwise shall be rendered
                terminated.

            

    

    

    

    
      	
              6.

            	
              SIGNATORIES
                TO THIS AGREEMENT

            

    

    

    

    IN
      WITNESS WHEREOF
      the
      Parties hereto have caused this Agreement to be executed the day and year first
      before written.

    

    Gary
      J. Ackles,

     

    Signature:
      /s/ Gary J. Ackles

     

    Legacy
      Systems Corporation,

     

    Signature:
      /s/ Gary J. Ackles

    

     

     

    Aquatic
      Cellulose International Corporation,

     

    Signature:
      /s/ Sheridan Westgarde

    
      

      
        
          
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              Cellulose International Corp. Pg
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