Document:

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Exhibit 10.4

                                    GUARANTY

         This Guaranty (the "GUARANTY") is made as of February 2, 2009 by
Benjamin P. Cowart ("GUARANTOR") in favor of World Waste Technologies, Inc. a
California corporation ("WORLD WASTE").

                                    RECITALS

         A. World Waste and Vertex Energy, L.P., a Texas limited partnership
("VERTEX"), are parties to a Note Purchase Agreement, dated the same date as
this Guaranty (the "PURCHASE AGREEMENT"), which provides for, among other
things, the issuance by Vertex to World Waste of a senior subordinated secured
promissory note, dated the same date as this Guaranty (the "NOTE"), in the
original principal amount of $1,000,000. Guarantor is the controlling partner of
Vertex.

         B. World Waste and Vertex are also parties to a Security Agreement,
dated the same date as this Guaranty (the "SECURITY AGREEMENT"), pursuant to
which Vertex has granted to World Waste a security interest in certain of the
assets of Vertex in order to secure its obligations under the Note.

         C. World Waste was unwilling to execute the Purchase Agreement and the
Security Agreement and to enter into the transactions described in the Purchase
Agreement, the Security Agreement and the Note without receipt from Guarantor of
(1) a guaranty of all of the obligations of Vertex under the Note, the Purchase
Agreement and the Security Agreement and (2) a pledge of Guarantor's ownership
interest in Vertex to secure his obligations under this Guaranty and Vertex's
obligations under the Note, the Purchase Agreement and the Security Agreement.
The Note, the Purchase Agreement and the Security Agreement collectively are
referred to in this Guaranty as the "VERTEX AGREEMENTS" and are referred to
individually as a "VERTEX AGREEMENT."

         NOW, THEREFORE, in consideration of the foregoing and other good and
valuable consideration, receipt of which hereby is acknowledged, Guarantor
hereby agrees as follows:

         1. GUARANTY. Guarantor hereby unconditionally and irrevocably
guarantees to World Waste and its successors and assigns (a) the full and
punctual payment (in lawful money of the United States and in immediately
available funds), as and when due, of all principal, interest, attorneys' fees,
costs, expenses and other amounts which are or may become payable by Vertex
under the Vertex Agreements (the "VERTEX DEBT") and (b) the full and punctual
performance of all other obligations of Vertex under the Vertex Agreements. The
obligations of Vertex under the Vertex Agreements, including the payment
obligations regarding the Vertex Debt, are referred to in this Guaranty as the
"VERTEX OBLIGATIONS," and the covenants and obligations of Guarantor that are
described in the preceding sentence and elsewhere in this Guaranty are referred
to in this Guaranty as "GUARANTOR'S OBLIGATIONS."

         2. SECURITY INTEREST IN GUARANTOR'S OWNERSHIP INTEREST IN VERTEX.

                  (a) GRANT OF A SECURITY INTEREST. As security for the full and
timely payment and performance of the Vertex Obligations and Guarantor's
Obligations, Guarantor hereby grants to World Waste a continuing and

<PAGE>

first-priority security interest (the "SECURITY INTEREST") in the following
(collectively, the "COLLATERAL"): all right, title and interest of Guarantor in
and to Vertex, including, without limitation, his ownership interest in Vertex
and his voting rights as a partner of Vertex; all securities receivable in
respect of or in exchange for the foregoing; all rights to subscribe for
additional ownership interests in Vertex; all cash and other dividends or
distributions paid or payable with respect to Guarantor's ownership interest in
Vertex; all of Guarantor's books and records pertaining to the foregoing; and
all proceeds from sales, transfers or other dispositions of the foregoing.
Without limiting the generality of the foregoing, if Guarantor receives any
additional ownership interests in Vertex or ownership interests in any successor
to Vertex through a merger, recapitalization or another transaction, such
ownership interests shall be considered "Collateral" for purposes of this
Guaranty and shall be subject to the Security Interest.

                  (b) NO TRANSFER OF THE COLLATERAL. Prior to the payment and
performance in full of all of the Vertex Obligations, Guarantor shall not sell,
pledge or otherwise transfer (whether voluntarily, involuntarily, by operation
of law, pursuant to a marital dissolution decree or by gift or for
consideration) any of the Collateral or any of his interest therein. Any such
sale, pledge or other transfer shall be null and void and shall confer no rights
on the purported transferee.

                  (c) GUARANTOR'S VOTING RIGHTS. Prior to the occurrence of an
Event of Default (defined in Section 8(a) below), Guarantor shall retain the
right to exercise his voting rights with respect to the Collateral, provided
that he may not exercise such voting rights in contravention of any term of this
Guaranty. Following the occurrence of an Event of Default and until the Vertex
Obligations are paid and performed in full, Guarantor's voting rights in the
Collateral shall be assigned to World Waste and may be exercised by World Waste
without Guarantor's consent.

                  (d) PRESERVATION AND PROTECTION OF THE SECURITY INTEREST.
Guarantor shall preserve and protect World Waste's first-priority security
interest in the Collateral and shall cause the Security Interest to be perfected
and to continue to be perfected until the Vertex Obligations are paid and
performed in full. Guarantor shall execute and deliver to World Waste (within
ten days after receipt of World Waste's request) such other security agreements,
endorsements, pledges, assignments and other documents (including, without
limitation, financing statements and continuation statements and amendments
thereto) as World Waste may request from time to time to effectuate the grant to
World Waste of the Security Interest and the perfection of the Security
Interest, and World Waste is authorized to file and/or record such documents
with appropriate regulatory authorities. Within ten days after receipt of World
Waste's request, all instruments representing or evidencing the Collateral shall
be delivered to World Waste for retention pursuant to this Guaranty and shall be
in suitable form for transfer by delivery or, as applicable, shall be
accompanied by Guarantor's endorsement, where necessary, of duly executed
instruments of transfer, all in form and substance satisfactory to World Waste.

                  (e) TITLE TO THE COLLATERAL. Guarantor shall at all times
maintain good and marketable title to the Collateral free and clear of all
liens, encumbrances and other security interests. Guarantor shall pay in full
any tax that is imposed on any of the Collateral prior to its delinquency and,
within ten days after any other lien or encumbrance is imposed on any of the
Collateral, Guarantor shall pay and discharge such lien or other encumbrance in
full.

                                       2

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                  (f) POWER OF ATTORNEY. Guarantor hereby appoints World Waste
as his attorney-in-fact (with full power of substitution) to execute, deliver
and file, effective upon the occurrence of an Event of Default, on Guarantor's
behalf and at Guarantor's expense, (1) any financing statements, continuation
statements or other documents required to perfect or continue the Security
Interest and (2) any other documents and instruments that World Waste determines
are necessary or appropriate in order to enable it to exercise its rights and
remedies that are provided hereunder and by applicable law upon the occurrence
of an Event of Default. This power, being coupled with an interest, shall be
irrevocable until the Vertex Obligations are paid and performed in full.

                  (g) TERMINATION OF THE SECURITY INTEREST. The Security
Interest shall terminate only if and when the Vertex Obligations have been paid
and performed in full.

         3. CERTAIN RIGHTS OF WORLD WASTE. Guarantor authorizes World Waste,
without giving notice to Guarantor or obtaining Guarantor's consent in his
individual capacity and without affecting the liability of Guarantor, but
subject to obtaining Vertex's written agreement to the extent its written
agreement is required, from time to time to: (a) renew, extend or increase the
Vertex Debt or any portion thereof; (b) declare all Vertex Debt due and payable
upon the occurrence of a default under the Note; (c) make changes in the dates
on which the Vertex Debt is payable; (d) otherwise modify the terms of the
Vertex Debt; (e) amend the Vertex Agreements in any respect; (f) take and hold
additional security for the Vertex Debt and exchange, enforce, waive and release
any such security; (g) apply such security and direct the order or manner of
sale thereof as World Waste in its discretion may determine; and (h) add any one
or more guarantors of the Vertex Debt.

         4. GUARANTOR'S WAIVERS. Guarantor waives: (a) any defense based upon
any legal disability or other defense of Vertex or any other guarantor or person
or based upon Vertex's cessation for any reason of liability under any Vertex
Agreement; (b) any defense based upon any lack of authority of Vertex's officers
or other agents acting or purporting to act on behalf of Vertex or any defect in
the formation of Vertex; (c) any defense of Guarantor based upon World Waste's
election of any remedy against Guarantor or Vertex or both, including, without
limitation, any right to require World Waste to proceed against Vertex or
another person or to proceed against any other security for the Vertex
Obligations; (d) any defense based upon any statute or rule of law which
provides that the obligation of a surety must be neither larger in amount nor in
any other respects more burdensome than that of a principal; (e) any right of
subrogation, any right to enforce any remedy which World Waste may have against
Vertex and any right to participate in, or benefit from, any security for the
Vertex Obligations now or hereafter held by World Waste; (f) presentment,
demand, protest and notice of any kind; (g) the benefit of any statute of
limitations affecting the liability of Guarantor hereunder or the enforcement
hereof; (h) any right to require World Waste to pursue any other remedy in World
Waste's power; (i) any right to revoke this Guaranty; and (j) any right to
require World Waste to exercise its rights under the Security Interest before
filing an action against Guarantor in his personal capacity. Guarantor waives
any other circumstance or event, in existence now or in the future, that might
otherwise constitute a legal or equitable defense to the enforcement of this
Guaranty.

                                       3

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         5. GUARANTOR'S REPRESENTATIONS AND WARRANTIES. Guarantor represents,
warrants and agrees that: (a) World Waste would not have entered into the Vertex
Agreements but for this Guaranty; (b) there are no conditions precedent to the
effectiveness of this Guaranty; (c) this Guaranty shall continue in full force
and effect and shall be binding on Guarantor regardless of whether World Waste
obtains other collateral or any guaranties from others or takes any other
action; and (d) Guarantor is the controlling partner of Vertex and owns the
Collateral free and clear of all liens and encumbrances. Guarantor consents to
Vertex's execution, delivery and performance of the Vertex Agreements.

         6. SUBORDINATION. Guarantor subordinates all present and future
indebtedness owing by Vertex to Guarantor to the Vertex Debt and other
obligations under the Vertex Agreements at any time owing by Vertex to World
Waste. Guarantor assigns to World Waste all such indebtedness owed by Vertex to
Guarantor as security for this Guaranty. Guarantor further agrees not to assign
all or any part of such indebtedness prior to the full payment and performance
of the Vertex Obligations.

         7. NATURE OF GUARANTOR'S LIABILITY UNDER THIS GUARANTY. This is a
guaranty of payment and performance and not merely of collection. Guarantor's
obligations under this Guaranty are independent of Vertex's obligations to World
Waste under the Vertex Agreements. World Waste may bring a separate action to
enforce the provisions hereof against Guarantor without taking action against
Vertex or the Collateral or joining Vertex as a party to such action. The
obligations of Guarantor under this Guaranty constitute the full recourse
obligations of Guarantor and are enforceable against him to the full extent of
his assets.

         8. EVENT OF DEFAULT; WORLD WASTE'S REMEDIES.

                  (a) EVENT OF DEFAULT. An "EVENT OF DEFAULT" for purposes of
this Guaranty means (1) Vertex's or Guarantor's failure to pay when due any
Vertex Debt, (2) Vertex's or Guarantor's failure to perform any other Vertex
Obligations when due or in accordance with the terms of such obligations, (3)
Guarantor's failure to perform any of Guarantor's Obligations when due or in
accordance with their terms, or (4) the failure to be true of any representation
or warranty of Guarantor that is contained in this Guaranty, if Guarantor does
not remedy in full any such failure described in this sentence within ten days
after receipt of written notice from World Waste.

                  (b) REMEDIES ON AN EVENT OF DEFAULT. Upon the occurrence of an
Event of Default, World Waste shall have the immediate right to file an action
at law or equity against Guarantor and/or to take control of all or any part of
the Collateral, with or without judicial process, and without demand of
performance, advertisement or notice to Guarantor, which are expressly waived by
Guarantor; provided, however, that if any notice is required by law in
connection with the exercise by World Waste of its rights and remedies,
Guarantor agrees that ten days' prior written notice is a reasonable time and
manner for notice. Furthermore, World Waste may exercise all of the other rights
and remedies that are provided to it under this Guaranty and to a secured party
by the Uniform Commercial Code and otherwise by applicable law. World Waste's
rights and remedies shall include, without limitation, the power (1) to transfer
into World Waste's name or into the name of its nominee any or all of the
Collateral and thereafter to receive and retain all cash and other dividends,

                                       4

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distributions and payments made on account of the Collateral, and otherwise act
with respect thereto as though it were the absolute owner thereof, (2) to sell
all or any portion of the Collateral at a public or private sale at such place
and time and at such prices and other terms as World Waste may determine, and
(3) to file an action against Guarantor in his personal capacity for repayment
of the Vertex Debt. Guarantor recognizes that World Waste may be compelled to
resort to one or more private sales of any or all of the Collateral to a
restricted group of purchasers who will be obliged to agree, among other things,
to acquire the Collateral for their own account for investment and not with a
view to the distribution or resale thereof. Guarantor acknowledges and agrees
that any such private sale may result in prices and other terms less favorable
to the seller than if such sale were a public sale and, notwithstanding such
circumstances, agrees that any such private sale shall not, for such reason
alone, be deemed to have been made in a commercially unreasonable manner. World
Waste shall not be under any obligation to delay a sale of any Collateral for
the period of time necessary to permit the registration of such Collateral for
public sale under the Securities Act of 1933, as amended, or under applicable
state securities laws. At any sale, World Waste may, to the extent permissible
under applicable law, purchase the whole or any part of the Collateral, and
World Waste shall be entitled to use and apply any or all of the Vertex Debt as
a credit on account of the purchase price of any Collateral. World Waste and any
other purchaser of the Collateral at any such sale shall hold the purchased
Collateral free from any claim or right on the part of Guarantor, and Guarantor
hereby waives any right of redemption, stay or appraisal that he might otherwise
have under applicable law.

                  (c) APPLICATION OF PROCEEDS. Any Collateral or the proceeds of
the Collateral held or realized upon at any time by World Waste following an
Event of Default shall be applied in satisfaction of the Vertex Debt, in such
order of application as World Waste shall determine in its reasonable
discretion, until the Vertex Debt is fully paid, and thereafter any balance
shall be distributed to Guarantor or as otherwise required by applicable law.

                  (d) NO IMPLIED WAIVERS; CUMULATIVE REMEDIES. No delay or
failure of World Waste in exercising any right or remedy under this Guaranty
shall operate as a waiver thereof, nor shall any single or partial exercise
thereof or any abandonment or discontinuance of steps to enforce such a right or
remedy preclude any further exercise thereof or of any other right or remedy.
The rights and remedies of World Waste under this Guaranty are cumulative and
not exclusive of any rights or remedies which it might otherwise have under the
Uniform Commercial Code or other applicable law. Any waiver, permit, consent or
approval of any kind or character on the part of World Waste of any Event of
Default or any such waiver of any provision of this Guaranty must be in writing
and shall be effective only to the extent specifically set forth in writing.
Guarantor acknowledges and agrees that the exercise by World Waste of its rights
under this Section 8 and the acquisition or sale by Waste Waste of any
Collateral will not operate to release Guarantor from his personal obligation to
pay the Vertex Debt until full payment of any deficiency on the Vertex Debt has
been made in cash. Furthermore, Guarantor acknowledges and agrees that World
Waste is not obligated to exercise any of the rights or remedies provided by
this Section 8, and that World Waste shall be deemed to have exercised
reasonable care in the custody and preservation of any Collateral in its
possession if such Collateral is accorded treatment that is substantially
similar to that which World Waste accords its own similar property.

                                       5

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         9. BANKRUPTCY. This Guaranty shall continue in full force and effect in
the event of any bankruptcy, insolvency, reorganization, liquidation,
dissolution or similar proceeding involving Vertex or Guarantor, and this
Guaranty shall continue in full force and effect notwithstanding any subsequent
change in the ownership or assets of Vertex. In any bankruptcy of Vertex or
other proceeding involving Vertex in which the filing of claims is required by
law, Guarantor shall file all claims which Guarantor may have against Vertex
relating to any indebtedness of Vertex to Guarantor and shall assign to World
Waste all rights of Guarantor thereunder. If Guarantor does not file any such
claim, World Waste, as attorney-in-fact for Guarantor, is hereby authorized to
do so in the name of Guarantor or, in World Waste's discretion, to assign the
claim to a nominee and to cause proof of claim to be filed in the name of World
Waste's nominee. The foregoing power of attorney is coupled with an interest and
cannot be revoked. World Waste or its nominee shall have the right, in its
reasonable discretion, to accept or reject any plan proposed in such proceeding
and to take any other action which a party filing a claim is entitled to do. In
all such cases, whether in administration, bankruptcy or otherwise, the person
or persons authorized to pay such claim shall pay to World Waste the amount
payable on such claim and, to the full extent necessary for that purpose,
Guarantor hereby assigns to World Waste all of Guarantor's rights to any such
payments or distributions; provided, however, Guarantor's obligations hereunder
shall not be satisfied except to the extent that World Waste receives cash by
reason of any such payment or distribution. If all or any portion of the Vertex
Debt and other obligations guaranteed hereunder is paid or performed, the
obligations of Guarantor hereunder shall continue and shall remain in full force
and effect in the event that all or any part of such payment or performance is
avoided or recovered directly or indirectly from World Waste as a preference,
fraudulent transfer or otherwise under the Bankruptcy Code or other similar
laws.

         10. SUCCESSORS AND ASSIGNS. This Guaranty shall be binding upon, and
shall inure to the benefit of, the respective successors and assigns of
Guarantor and World Waste, provided that the foregoing provision shall not be
construed as permitting Guarantor to assign his obligations hereunder.

         11. ATTORNEYS' FEES. If any attorney is engaged by World Waste to
enforce or defend any provision of this Guaranty, with or without the filing of
any legal action or proceeding, Guarantor shall pay to World Waste, within ten
days after demand therefor, all reasonable attorneys' fees and costs incurred by
World Waste in connection therewith (including, without limitation, in any
appellate or post-judgment proceedings), together with interest thereon from the
date of such demand until paid at the rate of ten percent per annum (or, if
lower, at the maximum rate allowed by applicable law).

         12. RULES OF CONSTRUCTION. The term "person" as used herein shall
include any individual, corporation, trust or other legal entity of any kind
whatsoever. When the context and construction so require, all words used in the
singular herein shall be deemed to have been used in the plural and vice versa.
All headings appearing in this Guaranty are for convenience only and shall be
disregarded in construing this Guaranty. This Guaranty is the result of
arms-length negotiations between Guarantor and World Waste and their respective
attorneys. Accordingly, neither Guarantor nor World Waste shall be deemed to be
the author of this Guaranty, and this Guaranty shall not be construed against
either party.

                                       6

<PAGE>

         13. NOTICES. All notices required or permitted by this Guaranty to be
delivered to Guarantor or World Waste shall be delivered in writing, by personal
delivery, by overnight courier, by facsimile transmission or by registered or
certified mail, return receipt requested, postage prepaid, to the address for
such party set forth on the signature page of this Guaranty. Any such notice
shall be deemed given as follows: (a) if personally delivered, when served; (b)
if sent by overnight courier, on the first business day after delivery to the
courier; (c) if sent by facsimile, on the date of transmission if delivered on a
business day (or, if not delivered on a business day, on the next business day
after transmission); or (d) if sent by registered or certified mail, on the
third day after deposit in the mail.

         14. GENERAL PROVISIONS. If any provision of this Guaranty shall be
determined by a court of competent jurisdiction to be invalid, illegal or
unenforceable, that portion shall be deemed severed from this Guaranty and the
remaining parts shall remain in full force as though the invalid, illegal or
unenforceable portion had never been part of this Guaranty. This Guaranty
constitutes the only agreement between Guarantor and World Waste with respect to
the subject matter hereof and supersedes all previous agreements with respect
thereto. This Guaranty may be amended or terminated only by an agreement in
writing executed by Guarantor and World Waste. This Guaranty may be executed in
two counterparts, which together shall constitute but one and the same
instrument. This Guaranty may be executed by facsimile transmission or by e-mail
transmission in PDF format.

         15. GOVERNING LAW. This Guaranty shall be governed by, and construed in
accordance with, the internal laws of the State of Texas without giving affect
to such state's conflict-of-law principles.

         16. WAIVER OF JURY TRIAL. Guarantor and World Waste each hereby
irrevocably waives all rights that it may have under applicable law to a trial
by jury of any issue or claim arising under this Guaranty in any action to
enforce or interpret this Guaranty.

                            [signature page follows]

                                       7

<PAGE>

         IN WITNESS WHEREOF, Guarantor has executed and delivered this Guaranty
as of the date appearing on the first page of this Guaranty.

                                                /S/ BENJAMIN P. COWART
                                                ----------------------
                                                BENJAMIN P. COWART

                                                Address:

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

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

AGREED TO AND ACCEPTED:

WORLD WASTE TECHNOLOGIES, INC.

By:  /s/ John Pimentel
     -----------------
Name:  John Pimentel

Title:  CEO

Address:

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

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

                                       8cpc_8k-ex1001.htm

    Exhibit
10.1

     

    
      

       

      EMPLOYMENT AGREEMENT

       

      This
Employment Agreement (this “Agreement”), dated as of February 4, 2009, to be
effective as of the 1st day of
July 2008, between CPC of America, Inc., a Nevada corporation (together with its
successors or assigns as permitted under this Agreement, the “Company”), and
Marcia J. Hein, an individual (the “Executive”).

       

      RECITALS

       

      The
Company desires to employ the Executive and enter into this Agreement embodying
the terms of such employment and the Executive desires to enter into this
Agreement and to accept such employment.

       

      In
consideration of the mutual covenants and for other good and valuable
consideration, the Company and the Executive (individually a “Party” and
together the “Parties”) agree as follows:

       

       

      
        	
                1.  

              	
                DEFINITIONS

              

      

       

      (a) “Base Salary” shall mean the
salary provided for in Section 4 below subject to such increases as may be
made from time to time.

       

      (b) “Cause” shall
mean:

       

      (i) the
conviction of (including any act as a result of pleading nolo contendere) or
entry of judgment against the Executive by a civil or criminal court of
competent jurisdiction of a felony, or any other offense or wrongdoing involving
embezzlement, fraud, misappropriation of funds, any act of moral turpitude or
dishonesty; 

       

      (ii) the
indictment of the Executive by a state or federal grand jury or the filing of a
criminal complaint or information for a felony, or any other offense involving
embezzlement, fraud, misappropriation of funds, any act of moral turpitude or
dishonesty, unless such indictment or filing is dismissed within one hundred
eighty (180) days from the date of such indictment or filing.  The Board of
Directors of the Company (“Board of Directors”) may elect to suspend and extend
the Term of Employment by such one hundred eighty (180) day period or the number
of days actually taken by the Executive to dismiss such indictment or filing,
whichever is less; provided that the Executive notifies the Company in writing
that the Executive intends to contest in good faith such indictment or filing
and pursues the dismissal of such indictment or filing with reasonable
diligence.  During such period of suspension, Executive may be relieved of
duties, but shall be entitled to receive Base Salary;

       

      (iii) the
written confession by the Executive of embezzlement, fraud, misappropriation of
funds, any act of moral turpitude or dishonesty or acts constituting a
felony;

       

      (iv) the
finding by a court of competent jurisdiction in a criminal or civil action or by
the U.S. Securities and Exchange Commission or state blue sky agency in an
administrative proceeding that the Executive has willfully violated any federal
or state securities law;

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      (v) the
engagement by the Executive in willful and continued misconduct, or the
Executive’s willful and continued failure to substantially perform the
Executive’s obligations, for a period of twenty (20) days following written
notice by the Company describing in reasonable detail the specific items of
misconduct or failures;

       

      (vi) the use
by the Executive of alcohol or any controlled substance to an extent that it
interferes, in the sole discretion of the Board of Directors, on a continuing
and material basis with the performance of the Executive’s duties under the
Agreement;

       

      (vii) the
willful, unauthorized disclosure by the Executive of Confidential Information,
as defined in Section 10, concerning the Company or any subsidiary, unless
such disclosure was (A) believed in good faith by the Executive to be
appropriate in the course of properly carrying out duties under the Agreement,
or (B) required by an order of a court having jurisdiction over the subject
matter or a summons, subpoena or order in the nature thereof of any legislative
body (including any committee thereof) or any governmental or administrative
agency; 

       

      (viii) performance
of services by the Executive, other than in the course of properly carrying out
her duties under the Agreement and as otherwise provided herein, in breach of
Executive’s covenants set forth in Section 10(b) of this Agreement while the
Executive is employed by the Company

       

      (ix) commission
by Executive of an act involving moral turpitude, dishonesty, theft or unethical
business conduct, or conduct which impairs or injures the reputation of, or
harms, the Company, or any violation of law or regulations on Company premises
or to which the Company is subject; or

       

      (x) any
material breach of this Agreement or Company rules that, if capable of being
corrected, remain uncorrected 15 days following the Company’s delivery of
written notice of such breach.

       

      (c) “Change in Control” means,
and shall be deemed to occur upon the happening of the acquisition, directly or
indirectly, in a single transaction or a series of related transactions by any
person resulting in the beneficial ownership of 50% or more of the combined
voting power of the then outstanding voting securities of the
Company  entitled to vote;

       

      (d) "Sale of the Company" means
either of the following transaction that takes place during the Term or to which
the Company agrees to during the Term (i) a merger or consolidation of involving
the Company (except where the shareholders of the Company immediately prior to
the merger or consolidation own 50% or more of the voting shares of the
surviving corporation immediately after the merger or consolidation), (ii) the
sale of all or substantially all of the assets of the Company, or (iii) the sale
or licensing of all or substantially all of the Company’s rights to its MedClose
device.

       

      (e) “Term of Employment” shall
mean the initial three-year period specified in Section 2 below and if, but
only if, automatically renewed as provided in Section 2, shall include the
period of such renewal.

       

      (f) “Voting Securities” means
securities of the Company, the holders of which are entitled to vote for the
election of directors.

       

      
        
           

        

        
          Page 2 of 9

          
            

          

        

        
           

        

      

       

      
        	
                2.  

              	
                TERM
      OF EMPLOYMENT

              

      

       

      (a) The
Company hereby employs the Executive, and the Executive hereby accepts
employment with the Company, in the position and with the duties and
responsibilities as set forth in Section 3 below for the Term of
Employment, subject to the terms and conditions of the Agreement.

       

      (b) The
initial Term of Employment shall commence as of the date of this Agreement
retroactive to July 1, 2008 and shall terminate on June 30, 2011, unless
terminated earlier as provided in Section 8; provided that the Term of
Employment shall automatically renew for successive one-year periods unless
(i) it has sooner terminated as provided in Section 8 or
(ii) either party has notified the other in writing at least thirty (30)
days prior to the otherwise scheduled expiration of the Term of Employment that
such Term of Employment shall not so renew.

       

      (c) The
Executive shall devote such portion of her business time as is necessary to
carry out the duties and responsibilities of her employment hereunder in a
timely and competent manner.  Otherwise, the Executive shall be
allowed to devote her remaining business time to other non-Company related
business matters, including her private accounting practice, provided that such
other business activities do not conflict with the covenants in Section
10.

       

       

      
        	
                3.  

              	
                POSITION,
      DUTIES AND AUTHORITIES

              

      

       

      During
the Term of Employment, the Executive shall be employed as the Chief Financial
Officer of the Company.  Subject to supervision and in accordance with
the policies and directives established by the Chief Executive Officer, the
Executive’s duties and responsibilities shall include responsibility for all
accounting and SEC reporting functions and such other duties, responsibilities
and authorities customarily associated with such positions.

       

       

      
        	
                4.  

              	
                BASE
      SALARY; EXPENSES

              

      

       

      (a)           During
the Term of Employment, the Executive shall be paid by the Company a Base Salary
payable no less frequently than in equal monthly installments at an annualized
rate of $60,000; subject to increase as may be determined by the Company within
its sole discretion.

       

      (b)           Executive
shall be personally responsible for the payment of, and shall not be entitled to
seek reimbursement from the Company for, any travel, entertainment or other
business expenses incurred by Executive in connection with the performance of
her duties on behalf of the Company.

       

       

      
        	
                5.  

              	
                RESTRICTED
      STOCK GRANT

              

      

       

      In
addition to the Base Salary, the Company shall issue to Executive upon the
execution of this Agreement by the parties hereto 30,000 shares (“Restricted
Shares”) of the Company’s Series E Preferred Stock.  The Restricted
Shares shall be subject to vesting and risk of forfeiture as
follows:  5,000 Restricted Shares shall vest and become fully paid for
on January 1, 2009; 833.3 Restricted Shares shall vest and become fully paid for
on the first day of each of the next 29 months during the term of this
agreement; and 834.3 Restricted Shares shall vest and become fully paid for on
June 29, 2011.  In the event of the early termination of this
Agreement pursuant to Section 8(a) or Section 8(c), all Restricted Shares that
are unvested shall be automatically forfeited and
cancelled.  Executive shall return to the Company all Restricted
Shares forfeited pursuant to this Section 5 and hereby grants the Company a
limited power of attorney for purposes of executing any stock powers or
assignments necessary or desirable to effect the cancellation of any forfeited
Restricted Shares.  In the event of (i) Change in Control, (ii) change
in the chief executive officer of the Company (other than Executive’s
appointment to such position); or (iii) termination of this Agreement pursuant
to Section 8(b), all unvested Restricted Shares shall immediately vest and be
deemed fully paid for.

       

      
        
           

        

        
          Page 3 of 9

          
            

          

        

        
           

        

      

       

      
        	
                6.  

              	
                BONUS

              

      

       

      The
Executive will be entitled to receive a performance-based bonus of up to 100% of
the Executive’s annual Base Salary for the calendar year commencing January 1,
2009 and for each calendar year during the remainder of the Term of
Employment.  The performance bonus shall be subject to the Executive’s
satisfaction of certain performance goals determined by the Board of
Directors.  Prior to January 1, 2009, or as near such date as
possible, and the commencement of each calendar year thereafter during the
remainder of the Term of Employment, the Board of Directors shall determine, in
its sole and absolute discretion, the performance goals for the Executive and
deliver a written description of those goals to Executive.  The
written description shall be incorporated into and become a part of this
Agreement.  All payments of bonuses earned during any calendar year
shall be due and payable no later than March 31st of the
following year.  The determination of whether the Executive has
satisfied the performance goals shall be made by the Board of Directors in its
reasonable discretion.  The Board of Directors may delegate its
obligations under this Section 6 to any Compensation Committee of the Board of
Directors.

       

       

      
        	
                7.  

              	
                EMPLOYEE
      BENEFIT PROGRAMS

              

      

       

      During
the Term of Employment, the Executive and her dependents shall be entitled to
participate in, at the Company’s expense, whatever employee benefit plans the
Company may offer to its employees or officers, if any, such as medical,
surgical, hospitalization, dental and visual insurance coverage.  The
Company will pay all expenses for these insurance program(s) or
plan(s).

       

       

      
        	
                8.  

              	
                TERMINATION
      OF EMPLOYMENT

              

      

       

      (a) Termination by the Company for
Cause.  At any time after learning of an event constituting
Cause, the Company may elect to give the Executive written notice of its
intention to terminate for Cause, specifying in such notice the event forming
the basis for Cause.  Termination shall be effective immediately upon
delivery of notice hereunder or, in the event of Cause as defined under Section
1(b)(x), termination of the specified cure period.  In the event the
Executive’s employment is terminated by the Company for Cause, the Executive
shall be entitled only to:

       

      (i) Base
Salary, at the rate in effect at the time of termination, accrued and payable
through the date of termination of employment;

       

      (ii) any other
compensation and benefits accrued and to which the Executive is entitled under
applicable plans, programs and agreements of the Company as of the date of
termination of employment; and

       

      (iii) any
Restricted Shares that have vested as of the date of termination of
employment.

       

      The
Executive’s entitlement to the foregoing shall be without prejudice to the right
of the Company to claim or sue for any damages or other legal or equitable
remedy to which the Company may be entitled as a result of such Cause; provided,
however, that offset shall not be available to the Company in any
event.

       

      
        
           

        

        
          Page 4 of 9

          
            

          

        

        
           

        

      

       

      (b) Termination Without
Cause.  In the event the Executive’s employment is terminated
by the Company without Cause (which shall include a termination by way of death
or disability), the Executive shall be entitled only to:

       

      (i) Base
Salary, at the rate in effect at the time of termination, accrued and payable
through the date of termination of employment;

       

      (ii) the
immediate vesting of all Restricted Shares then subject to vesting and risk of
forfeiture;

       

      (iii) any
amounts due to the Executive under Section 9; and

       

      (iv) any other
compensation and benefits accrued and to which the Executive is entitled under
applicable plans, programs and agreements of the Company as of the date of
termination without Cause.

       

      (c) Voluntary
Termination.  A “Voluntary Termination” shall mean a
termination of employment by the Executive on her own initiative other than a
termination under Section 8(a) or 8(b).  In the event of a Voluntary
Termination, the Executive shall be entitled only to:

       

      (i) Base
Salary, at the rate in effect at the time of termination, accrued and payable
through the date of termination of employment;

       

      (ii) any other
compensation and benefits accrued and to which the Executive is entitled under
applicable plans, programs and agreements of the Company; and

       

      (iii) any
Restricted Shares that have vested as of the date of termination of
employment.

       

      A
Voluntary Termination shall not, solely due to a Voluntary Termination, be
deemed a breach of this Agreement and shall be effective upon the expiration of
30 days after written notice is delivered to the Company, unless another period
of time is agreed to in writing by the Parties.

       

      (d) No Mitigation; No
Offset.  In the event of any termination of the Executive’s
employment under the Agreement without Cause, the Executive shall be under no
obligation to seek other employment, and there shall be no offset against
amounts due the Executive under the Agreement on account of any remuneration
attributable to any subsequent employment that the Executive may
obtain.

       

      (e) Nature of
Payments.  Any amounts due the Executive under the Agreement in
the event of any termination of employment with the Company are in the nature of
severance payments, or liquidated damages which contemplate both direct damages
and consequential damages that the Executive may suffer as a result of the
termination of employment, or both, and are not in the nature of a
penalty.

       

       

      
        	
                9.  

              	
                PAYMENTS
      IN CASE OF SALE OF COMPANY

              

      

       

      In the
event of a Sale of the Company, if the Company is obligated, pursuant to a
written agreement approved by the Board of Directors (or Compensation Committee
of the Board), to pay to its chief executive officer compensation or bonus based
on the Sale of the Company, then the Company shall then be obligated to pay to
the Executive, within five days of the closing of such transaction, twenty
percent (20%) of the consideration payable to the chief executive officer of the
Company based on the Sale of the Company.

       

      
        
           

        

        
          Page 5 of 9

          
            

          

        

        
           

        

      

       

      
        	
                10.  

              	
                CONFIDENTIAL
      INFORMATION AND NON-COMPETITION

              

      

       

      (a)           The
Executive shall not, during the Term of Employment or anytime thereafter,
without prior written consent of the Company, divulge, publish or otherwise
disclose to any other person any Confidential Information regarding the Company
except in the course of carrying out the Executive’s responsibilities on behalf
of the Company (e.g., providing information to the Company’s attorneys,
accountants, bankers, etc.) or if required to do so pursuant to the order of a
court having jurisdiction over the subject matter or a summons, subpoena or
order in the nature thereof of any legislative body (including any committee
thereof and any litigation or dispute resolution method against the Company
related to or arising out of this Agreement) or any governmental or
administrative agency.  For this purpose, Confidential Information
shall include, but is not limited to, the Company’s financial position and
results of operations, trades secrets and intellectual property, products and
product development plans, marketing and promotional plans and strategies,
customer lists and customer data bases.  Confidential Information does
not include information that is generally available to the public other than
through a breach of the Agreement on the part of the Executive.

       

      (b)           The
Executive covenants and agrees that she will not, during the Term of Employment,
either individually or in partnership or in conjunction with any person and
whether as principal, agent, shareholder, member, officer, employee, investor or
in any manner whatsoever, directly or indirectly:

      

      
        	
                1)  

              	
                engage
      in, continue in, or carry on, invest in, own, manage, operate, finance or
      control, or participate in the ownership, management, operation, finance
      or control, of any business (“Competing Business”) that manufactures,
      markets or sells products that directly competes with a principal product
      of the Company;

              

      

       

      
        	
                2)  

              	
                be
      retained by, employed by, consult with, advise or assist in any way,
      whether or not for consideration, any Competing Business;
    or

              

      

       

      
        	
                3)  

              	
                engage
      in any practice the purpose of which is to evade the provisions of this
      covenant not to compete;

              

      

       

      provided,
however, that none of the foregoing shall prohibit the ownership of securities
of a person that is listed on a national securities exchange or traded in the
national over-the-counter market in an amount that does not exceed one percent
(1%) of the outstanding shares of any such person.  

       

       

      
        	
                11.  

              	
                NON-SOLICITATION

              

      

       

      Except
with the prior written consent of the Company, Executive shall not solicit
customers, clients, or employees of the Company or any of its affiliates for a
period of twelve (12) months after the date of the expiration or termination of
this Agreement.  Without limiting the generality of the foregoing,
Executive will not, for a period of twelve (12) months after the date of the
expiration or termination of this Agreement, willfully canvas or solicit any
such business in competition with the business of the Company from any customers
of the Company with whom Executive had contact during, or of which Executive had
knowledge solely as a result of, his performance of services for the Company
pursuant to this Agreement.  Executive will not, for a period of
twelve (12) months after the date of the expiration or termination of this
Agreement, directly or indirectly request, induce or advise any customers of the
Company with whom Executive had contact during the term of this Agreement to
withdraw, curtail or cancel their business with the
Company.  Executive will not, for a period of twelve (12) months after
the date of the expiration or termination of this Agreement, induce or attempt
to induce any employee of the Company to terminate his/her employment with the
Company.

       

      
        
           

        

        
          Page 6 of 9

          
            

          

        

        
           

        

      

       

      
        	
                12.  

              	
                REMEDIES

              

      

       

      (a) Executive
acknowledges and agrees that immediate and irreparable harm, for which damages
would be an inadequate remedy, would occur in the event any of the provisions of
Sections 10 or 11 of this Agreement were not performed in accordance with their
specific terms or were otherwise breached.  Accordingly, Executive
agrees that Company shall be entitled to an injunction or injunctions to prevent
breaches of such provisions of this Agreement and to enforce specifically the
terms and provisions thereof without the necessity of proving actual damages or
securing or posting any bond or providing prior notice, in addition to any other
remedy to which it may be entitled at law or equity.

       

      (b) Nothing
herein contained is intended to waive or diminish any rights Company may have at
law or in equity at any time to protect and defend its legitimate property
interests (including its business relationship with third parties), the
foregoing provisions being intended to be in addition to and not in derogation
or limitation of any other rights the Company may have at law or
equity.

       

      (c) Executive
shall have no rights, remedies or claims for damages, at law, in equity or
otherwise with respect to any termination of Executive’s employment by the
Company other than as set forth in Section 8 of this
Agreement.

       

       

      
        	
                13.  

              	
                REPRESENTATION

              

      

       

      The
Company and the Executive respectively represent and warrant to each other that
each respectively is fully authorized and empowered to enter into the Agreement
and that their entering into the Agreement and the performance of their
respective obligations under the Agreement will not violate any agreement
between the Company or the Executive respectively and any other person, firm or
organization or any law or governmental regulation.

       

       

      
        	
                14.  

              	
                ENTIRE
      AGREEMENT

              

      

       

      This
Agreement contains the entire agreement between the Parties and supersedes all
prior agreements, understandings, discussions, negotiations and undertakings,
whether written or oral, between the Parties.

       

       

      
        	
                15.  

              	
                AMENDMENT
      OR WAIVER

              

      

       

      This
Agreement cannot be changed, modified or amended without the consent in writing
of both the Executive and the Company.  No waiver by either Party at
any time of any breach by the other Party of any condition or provision of the
Agreement shall be deemed a waiver of a similar or dissimilar condition or
provision at the same or at any prior or subsequent time.  Any waiver
must be in writing and signed by the Executive or an authorized officer of the
Company, as the case may be.

       

       

      
        	
                16.  

              	
                SEVERABILITY

              

      

       

      The
provisions of this Agreement shall be severable and the invalidity, illegality
or unenforceability of any provision of this Agreement shall not affect, impair
or render unenforceable this Agreement or any other provision hereof, all of
which shall remain in full force and effect.  If any provision of this
Agreement is adjudicated by a court of competent jurisdiction as invalid,
illegal or otherwise unenforceable, but such provision may be made enforceable
by a limitation or reduction of its scope, the Parties agree to abide by such
limitation or reduction as may be necessary so that said provision shall be
enforceable to the fullest extent permitted by law.  The Parties
further intend to and hereby confer jurisdiction to enforce the covenants
contained in Sections 10 and 11 (the “Restrictive Covenants”) upon the courts of
any jurisdiction within the geographical scope of such Restrictive
Covenants.

       

      
        
           

        

        
          Page 7 of 9

          
            

          

        

        
           

        

      

       

      
        	
                17.  

              	
                SURVIVAL

              

      

       

      The
respective rights and obligations of the Parties shall survive any termination
of this Agreement to the extent necessary to the intended preservation of such
rights and obligations.

       

       

      
        	
                18.  

              	
                GOVERNING
      LAW

              

      

       

      This
Agreement shall be governed by and construed under the law of the State of
Nevada, disregarding any principles of conflicts of law that would otherwise
provide for the application of the substantive law of another
jurisdiction.  The Parties each hereby consents to the jurisdiction
and venue of the state courts of Clark County, Nevada and the United States
district courts with jurisdiction in Nevada with respect to any matter arising
out of or relating to this Agreement other than matters that are subject to the
arbitration provisions of Section 19 of this Agreement.

       

       

      
        	
                19.  

              	
                SETTLEMENT
      OF DISPUTES

              

      

       

      Except
for equitable actions seeking to enforce the provisions of Sections 10 and 11 of
this Agreement which may be brought by a court in any competent jurisdiction, in
the event a dispute, claim or controversy arises between the parties relating to
the validity, interpretation, performance, termination or breach of this
Agreement, (collectively, a "Dispute"), the Parties agree to hold a meeting
regarding the Dispute, attended by individuals with decision-making authority,
to attempt in good faith to negotiate a resolution of the Dispute prior to
pursuing other available remedies.  If, within thirty (30) days after
such meeting or after good faith attempts to schedule such a meeting have
failed, the Parties have not succeeded in negotiating a resolution of the
Dispute, the Dispute shall be resolved through final and binding arbitration to
be held in Nevada in accordance with the rules and procedures of the American
Arbitration Association.  The prevailing party in such proceeding
shall be entitled to recover the costs of the arbitration from the other party,
including, without limitation, reasonable attorneys’ fees.

       

       

      
        	
                20.  

              	
                HEADINGS

              

      

       

      The
headings of the paragraphs contained in this Agreement are for convenience only
and shall not be deemed to control or affect the meaning or construction of any
provision of this Agreement.

       

       

      
        	
                21.  

              	
                COUNTERPARTS

              

      

       

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

       

       

      
        	
                22.  

              	
                TAXES

              

      

       

      The
Executive’s compensation payable hereunder is stated in gross amounts and shall
be subject to such withholding taxes and other taxes as may be required by
law.

       

      
        
           

        

        
          Page 8 of 9

          
            

          

        

        
           

        

      

       

      
        	
                23.  

              	
                ACKNOWLEDGMENT

              

      

       

      The
Executive acknowledges that he/she has been given a reasonable period of time to
study this Agreement before signing it and has had an opportunity to secure
counsel of his/her own.  The Executive certifies that he/she has fully
read and completely understands the terms, nature, and effect of this
Agreement.  The Executive further acknowledges that he/she is
executing this Agreement freely, knowingly, and voluntarily and that the
Executive’s execution of this Agreement is not the result of any fraud, duress,
mistake, or undue influence whatsoever.  In executing this Agreement,
the Executive does not rely on any inducements, promises, or representations by
the Company other than that which is stated in this Agreement.

       

       

      
        	
                24.  

              	
                WAIVER
      OF JURY TRIAL

              

      

       

      Each
Party waives, to the fullest extent permitted by applicable law, any right it
may have to a trial by jury in respect of any litigation arising out of or
relating to this Agreement and Executive’s employment by the
Company.  Each Party (a) certifies that no representative, agent or
attorney of the other Party has represented, expressly or otherwise, that such
other Party would not, in the event of litigation, seek to enforce the foregoing
waiver and (b) acknowledges that it has been induced to enter into this
Agreement by, among other things, the mutual waivers and certifications set
forth in this section.

       

      In
Witness Whereof, the undersigned have executed the Agreement as of the date
first written above.

       

      CPC
OF AMERICA, INC.,

      a Nevada
corporation

       

      By: /s/ Rod
A. Shipman        

      Rod
A. Shipman, President

      

      

       

      Executive

      

       

       /s/ Marcia J.
Hein            

      MARCIA
J. HEIN

       

      
Page 9 of
9

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