Document:

EXHIBIT 10.42

                              ACQUISITION AGREEMENT

This Acquisition Agreement (the "Agreement") is made and entered into as of this
20th day of  February,  2003,  by and  between  SOLPOWER  CORPORATION,  a Nevada
corporation,  with its  principal  offices  located  at 8275  East  Wood  Drive,
Scottsdale,  Arizona  85260,  hereinafter  referred to as "Buyer",  and DOMINION
CAPITAL PTY,  LTD., or assigns,  an Australian  corporation,  with its principal
offices  located at 13 Malcolm Court,  Mt.  Waverly,  Victoria 3149,  Australia,
hereinafter referred to as "Seller."

                                    RECITALS

WHEREAS, Seller owns the sales, distribution, marketing and manufacturing rights
worldwide to the product, SOLTRON, the fuel-enhancing product.

WHEREAS, Buyer acquired from Seller the exclusive sales, distribution, marketing
and  manufacturing  rights to Soltron,  encompassing  the North American  market
(United States, Canada and Mexico), pursuant to an Acquisition Agreement between
Seller and Buyer dated November 4, 1996, and  amendments  thereto,  all attached
hereto as Appendix 1.

WHEREAS,  Seller  and Buyer  desire to amend the  Acquisition  Agreement,  dated
November  4, 1996,  and  amendments  thereto,  to extend the  territory  therein
defined,   to  a  worldwide   exclusive  sales,   distribution,   marketing  and
manufacturing  right to the  product,  SOLTRON,  on the terms and subject to the
conditions set forth in this Agreement.

                                    AGREEMENT

NOW  THEREFORE,  in  consideration  of  the  Recitals  and  the  conditions  and
representations hereinafter set forth, the parties agree as follows:

1.   SELLER hereby agrees to deliver the  exclusive  world sales,  distribution,
     marketing and manufacturing rights for the product, SOLTRON.

2.   BUYER hereby  agrees to purchase the exclusive  world sales,  distribution,
     marketing  and  manufacturing  rights to the  product,  SOLTRON.  For these
     rights, Buyer agrees to issue nine million (9,000,000) shares of its Common
     Stock.  These  shares  shall be  issued in the name of  Seller  and/or  its
     nominees.

3.   Term of Contract - The term of this  Agreement  shall be twenty (20) years,
     and the Buyer  shall have the option to renew the  Agreement  for a further
     twenty (20)  years.  This  Agreement  shall be in force upon the signing of
     this  Agreement  by Buyer and by Seller,  and can only be canceled for good
     cause by notice in writing,  by either party, with a ninety (90) day notice
     of cancellation.  The compensation  obligations of Buyer and Seller arising
     under this Agreement shall survive termination of this Agreement.

4.   Confidential Information

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     A.   Confidential  Information  shall  mean  all  information  relating  to
          Seller's  business  provided  by  Seller to Buyer  and  identified  in
          writing as  confidential  at the time or within  fifteen (15) days, of
          the disclosure. Confidential Information does not include any material
          or information of Seller that has been or may hereafter be acquired by
          Buyer  from any third  person  not under  binder of secrecy to Seller,
          which is made public by Seller,  or which is  otherwise  in the public
          domain.

     B.   Buyer shall not in any manner communicate the Confidential Information
          of Seller to any third party without Seller's  written consent.  Buyer
          shall not use the Confidential  Information  except for the purpose of
          providing  services  for the benefit of Seller.  Buyer shall treat the
          Confidential  Information  with at least the same care in which  Buyer
          uses in the protection of Buyer's own proprietary information.

5.   Independent  Parties - Buyer and Seller are independent parties and nothing
     contained  herein shall be construed to mean  otherwise.  Any  incidence of
     agency of other  relationship  shall be specifically  outlined and attached
     hereto.  Seller  is not  an  employee  or  officer  of  Buyer  and  further
     indemnifies  Buyer  against  any  claim  by any  Federal  or  State  Agency
     regarding the payment or withholding of employment related taxes on fees or
     commissions paid by Buyer in accordance with this Agreement.

6.   Requisite  Authority  - Each party  represents  to the other party that all
     necessary  corporate and/or such other approvals and authorizations  needed
     to make this Agreement  enforceable  have been obtained by the undersigned.
     Each  party  will  provide  the other  with  documentation  regarding  such
     approvals and  authorizations  within fifteen (15) days upon request by the
     other party.

7.   Liability/Indemnification   -   Seller/Buyer   shall  in  no  way  be  held
     responsible  or  liable  to   Seller/Buyer  or  any  other  party  for  the
     performance of  Seller/Buyer or the failure of Seller/Buyer in any capacity
     whatsoever  in  which  the  Seller/Buyer  operates,  including  any and all
     contracts  which  Seller/Buyer  may have with other  parties.  Seller/Buyer
     shall defend and hold harmless  Seller/Buyer against any and all liability,
     claim or demand on account of property loss or damage or others arising out
     of or in any  manner  connected  with the  performance  of this  Agreement,
     whether such injury,  loss, or damage shall be caused by the  negligence of
     Seller/Buyer,  its employees,  or any other party for whom  Seller/Buyer is
     responsible, and Seller/Buyer, at its own expense, shall defend any and all
     actions based thereon and shall pay all  attorney's  fees and all costs and
     all other expenses arising therefrom; provided however, that this indemnity
     shall not cover any liability for damages  caused by or resulting  from any
     negligence of Seller/Buyer, his representatives, employees, or agents.

8.   No Assignment - Neither party shall assign this  Agreement or any rights or
     obligations  under this Agreement  without the prior written consent of the
     other party. Subject to the foregoing,  this Agreement shall bind and inure
     to the benefit of the respective  parties hereto and their heirs,  personal
     representatives, successors and assigns.

9.   Amendment or  Modification  - This Agreement may be amended or modified by,
     and only by, a written instrument executed by all signing parties.

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10.  Non-waiver  - The  waiver of one  breach  or  default  hereunder  shall not
     constitute the waiver of any subsequent breach or default.

11.  Severability  - In the event any one or more  provisions of this  Agreement
     are determined to be invalid or unenforceable, such provision or provisions
     shall be deemed  severable  from the remainder of this  Agreement and shall
     not cause the invalidity of the remainder of this Agreement.

12.  Governing  Law - This  Agreement  shall be  governed  by and  construed  in
     accordance with the laws of the State of Arizona.

13.  Currency - All dollar figures are represented in United States Dollars.

14.  Arbitration  - Any  controversy,  claim  or  dispute  between  the  parties
     directly or indirectly  concerning this Agreement or the breach thereof, or
     the subject matter  hereof,  including  questions  concerning the scope and
     applicability  of this  arbitration  clause,  shall be  finally  settled by
     arbitration  in  Scottsdale,  Arizona  in  accordance  with the rules  then
     pertaining  to  the  American   Arbitration   Association  with  regard  to
     commercial arbitration.

15.  Entire Agreement.  This Agreement and the Exhibits hereto, as signed by the
     parties,  sets forth the entire Agreement and  understanding of the parties
     and merges all prior  discussions and writings  between them with regard to
     the services to be provided under this Agreement.

The parties have executed this Agreement as of the date first set forth above.

SOLPOWER CORPORATION                      DOMINION CAPITAL PTY LTD
                                          OR ASSIGNS

By: /s/ James H. Hirst                    By: /s/ Peter D. Voss
   ----------------------------------        -----------------------------------
   James H.  Hirst,                          Peter D.  Voss,
   President & CEO                           Chairman & Managing Director

                                       3Exhibit 10.1 –	Severance Agreement Between The First of Long Island Corporation and J. William 

      Johnson Dated May 25, 2005 
	 	 
	SEVERANCE AGREEMENT

                        AGREEMENT dated May 25, 2005 between THE FIRST OF LONG ISLAND CORPORATION (the “Corporation”) and J. WILLIAM JOHNSON (“Officer”).

                        WHEREAS, the Corporation, as employer, and Officer, as employee, are parties to a certain letter employment agreement dated January 31, 1996, as amended (the “Employment Contract”); and 

                        WHEREAS, the term of the Employment Contract expires on December 31, 2007; and

                        WHEREAS, Officer desires to resign his employment under the Employment Contract and to retire from active service as an employee and director of the Corporation and its subsidiary, The First National Bank of Long Island (the “Bank”) on the terms and conditions set forth herein; and

                        WHEREAS, the Corporation is willing to accept such resignation on such terms and conditions;

                        NOW, THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, receipt of which is hereby acknowledged by each party, the parties do hereby agree as follows:

    

	 	 
	 	1.             Resignation and Retirement; Acceptance by Corporation. 
	 	 
	 	                1.1           Effective immediately, Officer hereby resigns as employee, officer and director of the Corporation and of the Bank. Simultaneously with the execution of this Agreement, Officer shall execute and deliver written letters of resignation to the boards of directors of the Corporation, the Bank and each of the direct and indirect subsidiaries of the Bank which he currently serves as director or officer.

	  	  

	 	                1.2           The Corporation hereby accepts such resignations and acknowledges that such resignations constitute retirement by Officer under the Stock Option and Appreciation Rights Plan of the Corporation and for all other purposes.

	 

	 	2.             Payment to Officer
	 	 
	 	                2.1           The Corporation shall pay, or cause the Bank to pay, the sum of Five Hundred Seventy Four Thousand Five Hundred and 00/100 Dollars ($574,500.00) to Officer by check of the Corporation, or by official check of the Bank, payable to the order of Officer, which check shall be delivered to Officer simultaneously with the execution of this Agreement. 

	

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	 	3.             Cancellation and Termination of Employment Contract.
		 
	 	                3.1           The Employment Contract is hereby cancelled and terminated effective as of the date hereof, and neither party shall have any further rights or obligations thereunder. Without limiting the generality of the foregoing, Officer shall have no further right to any compensation or other benefits provided for under the Employment Contract, except for family medical and dental coverage, which shall be continued at no cost to Officer until May 31, 2006 and which shall be no less favorable to Officer than the coverage currently provided.

	 
	                4.            Representations by the Parties.

	  

	 	                4.1           Officer represents that he has consulted with and been represented by his personal attorney in connection with the negotiation and execution of this Agreement.

		 
	 	                4.2           The Corporation represents that the execution of this Agreement has been duly authorized by its Board of Directors and is enforceable against the Corporation.

		 
	 	5.             Press Release; Form 8-K.
		 
	 	                5.1           Officer hereby approves the attached press release, which the Corporation agrees to issue.

		 

	 	                5.2           The parties acknowledge that the Form 8-K annexed hereto is an accurate statement of the material facts relating to this Agreement, and the Corporation agrees to file such form in a timely manner.

		 
	 	6.             Plan Entitlements; SERP; Options.
		 
	 	                6.1           Nothing contained herein shall be interpreted to deprive Officer of benefits earned through the date hereof under any retirement plan maintained by the Corporation or the Bank in which Officer is a participant.

		 

	 	                6.2           Upon request of Officer, the Corporation shall promptly cause all securities in his pension and 401–K/profit sharing accounts under the Supplemental Executive Retirement Program (“SERP”) maintained by the Bank to be sold and shall deliver to Officer checks of the Corporation or the Bank representing the cash balances remaining in such accounts after clearance of such trades. Additional amounts to which Officer shall be entitled under the terms of the SERP, if any, shall be paid to Officer promptly after such amounts are determined.

	

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	 	                6.3           The Corporation shall and, to the extent necessary, the Corporation shall cause each of its affiliates and subsidiaries to, cooperate with Officer in the exercise of any stock options granted to him by the Corporation which he may, from time to time, seek to exercise, pursuant to the applicable provisions of the Stock Option and Appreciation Rights Plan and the pertinent stock option agreements issued thereunder, and such cooperation shall include, but not be limited to, the facilitation of the exercise of such options on a “cashless basis” (i.e., the purchase and sale of stock underlying such options on a concurrent or simultaneous basis).

		 

	 	7.             Indemnification; Insurance.

		 

	 	                7.1           Neither the Corporation, the Bank, nor any director, officer or affiliate shall take any action to deprive Officer of the benefits of the indemnification provided to directors and officers under the by-laws of the Corporation and the Articles of Association of the Bank, and the Corporation shall take all action necessary to insure that such indemnification continues in favor of Officer pursuant to the terms hereof.

		 

	 	                7.2           Officer shall continue to be provided indefinitely with coverage, under the Directors & Officers liability insurance policy as maintained by the Corporation from time to time, for events which occurred from the inception of the coverage period of such policy through the date hereof, in accordance with and subject to the terms and conditions thereof. The scope and amount of such coverage shall be no less favorable than that provided to other directors and officers insured under such policy.

		 

	 	8.             Legal Fees.

		 

	 	                8.1           The prevailing party in any action or proceeding arising out of a breach or claimed breach of this Agreement shall be entitled to recover reasonable attorneys fees and expenses incurred in connection therewith.

		 

	 	9.             Miscellaneous.

		 

	 	                9.1           Officer shall be entitled to all discounts on products and services which are from time to time provided by the Bank generally to all retirees, as well as all other perquisites including, but not limited to, pension benefit enhancements that may hereafter be provided to retirees generally.

		 

	 	                9.2           The Corporation shall, upon request of Officer (to be made on or about June 8, 2005) cause title to the 1999 BMW automobile, heretofore provided to Officer for his use, to be transferred to Officer without further consideration. Officer shall pay all costs in connection with the registration of such vehicle, except for any sales tax due, which shall be paid by the Bank. Officer may 

	

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	 	continue to use said vehicle for the interim period, and the Corporation shall cause the existing insurance to be maintained in connection with the vehicle during such period. The Bank shall issue the appropriate IRS tax reporting form for the market value of the automobile, as reported by a reputable pricing service and Officer shall be responsible for all income taxes payable.

		 

	 	                9.3           The Corporation shall cause the Bank to reimburse Officer for all reasonable and appropriate business expenses incurred by him through the date hereof, in accordance with the customary practice of the Bank, upon presentation of documentation evidencing such expenses.

		 

	 	                9.4           Each party shall pay its own legal fees in connection with the negotiation and execution of this Agreement.

		 

	 	                9.5           Officer shall (i) simultaneously herewith, deliver to the Bank all keys to Bank premises in his possession; and (ii) at his earliest convenience, remove his personal property from his office and deliver all files and papers therein relating to the Corporation or the Bank to an executive officer of the Bank. Upon request of Officer, the Corporation shall cause such personal property to be delivered to Officer at his home in New York.

		 

	 	                9.6           The Corporation shall provide Officer with drafts of the minutes of any and all meetings of the Board of Directors of the Corporation and of any subsidiary of the Corporation on which the Officer sat, held on or prior to the date hereof, in each case prior to the final ratification of such minutes by the applicable entity, and shall provide the Officer with an opportunity to provide comments to such minutes and shall discuss and consider any such comments made by Officer.

	 

	 	10.           Entire Agreement.
	 	 
	 	                10.1         This instrument contains the entire agreement between the parties with respect to the transaction contemplated in it, and may not be modified, amended or changed except by a writing duly executed by the parties.

	 

	 	11.           Applicable Law.
	 	 
	 	                11.1         This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

	 

	 	12.           Section Headings and Gender.
	 	 
	 	                12.1         All Section headings and the use of particular gender are for convenience only and shall in no way modify or restrict any of the terms or provisions hereof.

	

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	 	13.           Counterparts.
	 	 
	 	                13.1         This Agreement may be executed in two or more counterparts, each of which shall be deemed an original. It shall not be necessary in making proof of this Agreement or counterpart hereof to produce or account for any of the other counterparts.

	 

	 	14.           No Benefit to Others.
	 	 
	 	                14.1         The representations, warranties, covenants and agreements contained in this Agreement are for the sole benefit of the parties hereto, and their heirs, personal representatives and successors, and shall not be construed as conferring, and are not intended to confer, any rights on any other persons.

		 
	 	                In Witness Whereof, the parties have duly executed this Agreement as of the day and year first above written.

	 	 	 
	 	 	 
	 	 	THE FIRST OF LONG ISLAND CORPORATION
	 	 	 
	 	 	 
	By:	 	/s/ Michael N. Vittorio
	 	 	

	 	 	Michael N. Vittorio, President and 

      Chief Executive Officer 
	 	 	 
	 	 	 
	 	 	 /s/ J. William Johnson
	 	 	

	 	 	J. WILLIAM JOHNSON

	

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