Document:

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EXHIBIT 10.2

                          CYBER PUBLIC RELATIONS, INC.

                   10% SUBORDINATED NOTE DUE DECEMBER 1, 2003

This 10% Note (called this "Note") is dated March 28, 2002.

Borrower:         Cyber Public Relations, Inc.

Address:          8260 Ryan Road
                  Richmond, BC  V7A 2E5

The word "Borrower" means the original Borrower and anyone else who merges with
the Borrower or assumes the Borrower's obligations under this Note. However, the
assumption of the Borrower's obligations under this Note shall not release the
Borrower from such obligations.

Lender:  Braun Management Services, Inc.
         --------------------------------------------

Address: 309 - 837 West Hastings Street
         --------------------------------------------

         Vancouver, BC  V6C 3N6
         --------------------------------------------

The Lender may transfer all or any part of this Note with written notice to the
Borrower of the transfer, including the name, address of the transferee and the
amount of the Note transferred. The Borrower may treat the Lender as the owner
of this Note until it received written notice of a transfer of all or part of
this Note to another Lender. The word "Lender" means the original Lender and
anyone else to whom this Note is transferred.

1. PROMISE TO PAY. In return for a loan that is received from the original
Lender, the Borrower promises to pay to the Lender $45,000 (called "principal"),
plus interest at a rate of 10% per annum. The Borrower will repay the entire
principal 2 years from date, unless the Lender demands earlier payment under
"Lender's Right of Acceleration" below or the parties agree to extend the due
date. The Borrower may make earlier principal payments.

2. INTEREST PAYMENTS. The Borrower will make quarterly interest payments to the
Lender in the amount of $1,125, each payable on March 31, June 30, September 30
and December 31 beginning on June 30, 2002. The first payment shall also include
interest from this day through June 30, 2002, if any. However, if an interest
payment is due on a Saturday, Sunday or legal holiday, then the Borrower will
make the interest payment the next day.

3. LENDER'S RIGHT OF ACCELERATION. The Lender has the right, called
acceleration, to declare the entire unpaid principal and interest under this
Note due immediately for any of the following causes:

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         (e)      If the Borrower fails to make any payment or principal or
                  interest within fifteen days after its due date.
         (f)      If the Borrower fails to keep any other promise made in this
                  Note within thirty days after written notice from the Lender.
         (g)      If one or more judgments is entered against the Borrower which
                  exceed, in the aggregate, $100,000 if the Borrower does not
                  pay such judgments or arrange for their enforcement to be
                  postponed no later than within thirty days after the judgments
                  have been entered.
         (h)      If bankruptcy, receivership, or insolvency proceedings are
                  started by or against the Borrower, or if the Borrower
                  dissolves, liquidates or otherwise winds up its business.

4. AGREEMENT OF SUBORDINATION. The Lender's rights to receive payments of
principal, interest and fees under this Note is subordinated to the prior
payment of all loans or other extensions of credit made to the Borrower by any
bank, savings and loan association, finance company, insurance company or any
similar financial institution (such loans and extensions of credit, together
with any interest or fees payable on or in connection with such loans and
extensions of credit, are from now on called "Senior Indebtedness") on the
following types:

         (f)      The Lender shall not be entitled to receive any principal,
                  interest or fee payments, and the Borrower shall not make such
                  payments, unless, at the time of such payment (i) the Borrower
                  shall have had all amounts due at such time under any Senior
                  Indebtedness, and (ii) the Borrower shall not be in default
                  under the terms of any Senior Indebtedness and payment of the
                  amount due under this Note would not result in a default under
                  any Senior Indebtedness. The word "default" includes defaults
                  declared by holders of any Senior Indebtedness and any
                  conditions, event or act which, with notice or the passage of
                  time, would result in a default under any Senior Indebtedness.
         (g)      If bankruptcy, receivership, or insolvency proceedings by or
                  against the Borrower or its property occurs, or if the
                  Borrower dissolves, liquidates its assets or otherwise winds
                  up its business, the Borrower shall pay all outstanding Senior
                  Indebtedness before making any payment of principal, interest
                  or fees due under this Note. Any payments or distributions
                  (including distributions of the Borrower's non-cash assets or
                  securities that would otherwise be made to the Lender will
                  first be paid on account of all outstanding Senior
                  Indebtedness.
         (h)      If the Lender demands early payment of this Note for any
                  reason, the Borrower shall first pay all outstanding Senior
                  Indebtedness before making any payments under this note.
         (i)      If the Lender receives any payment which is not entitled under
                  this Note, the Lender shall hold such payment for the benefit
                  of the holder of Senior Indebtedness and deliver such payment
                  or distribution to the holders of Senior Indebtedness or their
                  representatives for payment on account of all outstanding
                  Senior Indebtedness.
         (j)      After the Senior Indebtedness has been paid in full, the
                  Lender shall be entitled to the rights of Senior Indebtedness
                  to receive payments until all amounts due under this Note are
                  paid in full

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5. NOTICES. All notices under this Note must be in writing. They may be given by
(a) personal delivery, or (b) certified mail, return receipt requested. Each
Party mush accept and claim the notices given by the other. Notices shall be
addressed to the other party at the address written at the beginning of this
Note, or, if the notice is to a Lender to whom this Note was transferred, the
address stated in the notice to the Borrower of such transfer. Either party may
notify the other of a change of address.

6. CONVERSION OF CONVERTIBLE NOTES.

6.5.     RIGHT TO CONVERT. Subject to and upon compliance with the provisions of
         this Section 6, at the option of the holder of any Convertible Notes,
         such Convertible Notes, or any portion of the principal amount thereof,
         may at any time at or before the close of business on the maturity date
         of such Convertible Notes be converted at 100% or so much of the
         principal amount of such Convertible Notes as are so converted into
         Common Stock at the Conversion Price, determined as hereinafter
         provided, in effect at the date of the conversion.

6.6.     MANNER OF EXERCISE OF CONVERSION PRIVILEGE. In order to exercise the
         conversion privilege, the holder shall surrender this Convertible Note
         to the Company at any time during usual business hours at its office or
         agency in the City of Tallahasse, State of Florida, accompanied by
         written notice to the Company at such office or agency that the holder
         elects to convert this Convertible Note or a specified portion thereof
         and stating the name or names (with address) in which the certificate
         or certificates for shares of Common Stock which shall be issuable on
         such conversion shall be issued. All Convertible Notes surrendered for
         conversion shall (if so required by the Company) be accompanied by
         proper assignments thereof to the Company or be blank. As promptly as
         practicable after the receipt of such notice and the surrender of this
         Convertible Note as aforesaid the Company shall issue and deliver at
         such office or agency to the holder, or on his written order, a
         certificate or certificates for the number of full shares of Common
         Stock issuable on such conversion in accordance with the provision of
         this Article and cash, as provided in Subsection 3, in respect of any
         fraction of a share of Common Stock otherwise issuable upon such
         conversion. Such conversion shall be deemed to have been effected at
         the close of business on the Date of Conversion, and the person or
         persons in whose name or names any certificate or certificates for
         shares of Common Stock shall be issuable upon such conversion shall be
         deemed to have become the holder or holders of record of the shares
         represented thereby on such date; provided, however, that any such
         surrender on any date when the stock transfer books of the Company
         shall be closed shall constitute the person or persons in whose name or
         names the certificate or certificates for such shares are to be issued
         as the record holder or holders thereof for all purposes at the close
         of business on the next succeeding day on which such stock transfer
         books are open, and the Note surrendered shall not be deemed to have
         been converted until such time for all purposes, but such conversion
         shall be at the conversion price in effect at the close of business on
         the date of such surrender. Anything contained in this Section 6.2 to
         the contrary notwithstanding, the Company shall not be obligated to
         effect the transfer of any Conversion Shares upon conversion of any
         portion of any Convertible Notes or cause any Conversion Shares upon
         conversion of any Convertible Notes to be registered in any name or

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         names other than the name of the holder of the Convertible Notes,
         converted or to be converted (or such holder's nominee or nominees)
         unless such holder delivers to the Company an opinion of counsel
         reasonably satisfactory to the Company to the effect that such transfer
         is in compliance with applicable securities laws.

         In case any Convertible Note shall be surrendered for conversion of
         only a portion of the principal amount thereof, the Company shall
         execute and deliver to the holder of such Convertible Note, at the
         expense of the Company, a new Convertible Note in the denomination or
         denominations ($1,000 and integral multiples thereof, plus one
         Convertible Note in a lesser denomination, if required) as such holder
         may request in an aggregate principal amount equal to the unconverted
         portion of the Convertible Note so surrendered.

6.7.     FRACTIONS OF SHARE. The Company shall not be required to issue
         fractions of a share or scrip representing fractional shares of Common
         Stock upon conversion of Convertible Note. If any fraction of a share
         of Common Stock would, except for the provisions of this Section be
         issuable on the conversion of any Convertible Notes (or specified
         portions thereof), the Company shall pay a cash adjustment in respect
         of such fraction, equal to the value of such fraction based on the then
         conversion price.

6.8.     CONVERSION PRICE.

         (i)      The price at which shares of Common Stock shall be delivered
                  upon conversion (herein called the Conversion Price) shall
                  initially be $0.01 per share of Common Stock.
         (ii)     The Conversion Price in effect or to be in effect at any time
                  shall be subject to adjustment from time to time as provided
                  in subsection 6.5.

6.11     ADJUSTMENT OF CONVERSION PRICE AND NUMBER OF SHARES OF COMMON STOCK
         ISSUABLE UPON CONVERSION OF THE CONVERTIBLE NOTES. Upon each adjustment
         of the Conversion Price, the Note-Holders shall thereafter be entitled
         to purchase, at the conversion price resulting from such adjustment,
         the number of shares obtained by multiplying the Conversion Price in
         effect immediately prior to such adjustment by the number of shares
         purchasable pursuant hereto immediately prior to such adjustment and
         dividing the product thereof by the conversion price resulting from
         such adjustment.

         The Conversion Price shall be subject to adjustment from time to time
         as follows:

         A. In case the Company shall at any time or from time to time after the
         date hereof (I) issue or sell any additional shares of Common Stock for
         a consideration per share less than the Conversion Price in effect
         immediately prior to the issue or sale of such additional shares, or
         without consideration, or (II) pay or make a dividend (other than in
         cash payable from retained earnings or earned surplus) or other
         distribution on Common Stock, then and thereafter successively upon
         each such issue, sale, dividend or other distribution, the Conversion
         Price for each share of Common Stock in effect immediately prior to
         such issue, sale, dividend or other distribution, the Conversion Price
         for each share of Common Stock in effect immediately prior to such
         issue, sale, dividend or other distribution shall forthwith be reduced
         to a price (calculated to the nearest full cent) equal to the quotient
         obtained by dividing (i) an amount equal to the sum of (a) the total
         number of shares of Common Stock outstanding immediately prior to such
         issue sale, dividend or other distribution multiplied by such
         Conversion Price in effect immediately prior to such issue, sale,

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         dividend or other distribution, plus (b) in the case of such an issue
         or sale, the consideration, if any, received by the Company upon such
         issue or sale, or minus (c) in the case of such a dividend or other
         distribution, the amount of such dividend or other distribution, by
         (ii) the total number of shares of Common Stock outstanding immediately
         after such issue, sale, dividend or other distribution.

         The Company shall not be required to make any adjustment of the
         Conversion Price if the amount of such adjustment shall be less than
         $0.001 per share, but in such case any adjustment that would otherwise
         be required then to be made shall be carried forward and shall be made
         at the time and together with any adjustment so carried forward, shall
         amount to not less than $0.001 per share.

         For the purpose of any adjustment as provided in this subsection A, the
         following provisions shall also be applicable:

         (i) In case of the issue of additional shares of Common Stock for cash,
         the consideration received by the Company therefore shall be deemed to
         be the cash proceeds received by the Company for such shares, without
         deduction therefrom of any expenses incurred or any underwriting
         commissions or concessions paid or allowed by the Company in connection
         therewith.

         (ii) In case at any time the Company shall grant any rights to
         subscribe for or to purchase, or any options for the purchase of,
         Common Stock or any stock or other securities convertible into or
         exchangeable for Common Stock (such convertible or exchangeable stock
         or securities being herein called "Convertible Securities"), whether or
         not such rights or options or the rights to convert or exchange any
         such Convertible Securities are immediately exercisable, and the price
         per share for which Common Stock is issuable upon the exercise of such
         rights or options or upon conversion or exchange of such Convertible
         Securities,

         (determined by dividing (a) the total amount, if any, received or
         receivable by the Company as consideration for the granting of such
         rights or options, plus the minimum aggregate amount of additional
         consideration payable to the Company upon the exercise of such rights
         or options, plus, in the case of any such rights or options which
         relate to such Convertible Securities, the minimum aggregate amount of
         additional consideration, if any, payable upon the issue or sale of
         such Convertible Securities and upon the conversion or exchange
         thereof, by (b) the total maximum numbers of shares of Common Stock
         issuable upon the exercise of such rights or options or upon the
         conversion or exchange of all such Convertible Securities issuable upon
         the exercise of such right or options).

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         shall be less than the conversion price in effect immediately prior to
         the time of the granting of such rights or options, then the total
         maximum number of shares of Common Stock issuable upon the exercise of
         such rights or options or upon conversion or exchange of the total
         maximum amount of such Convertible Securities issuable upon the
         exercise of such rights or options shall (as of the date of granting of
         such rights or options) be deemed to be outstanding and to have been
         issued for such price per share. No further adjustments of the
         conversion price shall be made upon the actual issue of such Common
         Stock or of such Convertible Securities upon exercise of such rights or
         options or upon the actual issue of such Common Stock upon conversion
         or exchange of such Convertible Securities.

         (iii) In case at any time the Company shall declare a dividend or make
         any other distribution upon any stock of the Company payable in Common
         Stock or Convertible Securities, any Common Stock or Convertible
         Securities, as the case may be, issuable in payment of such dividend or
         distribution shall be deemed to have been issued or sold without
         consideration.

         (iv) In case any shares of Common Stock or Convertible Securities or
         any rights or options to purchase any such Common Stock or Convertible
         Securities shall be issued or sold, in whole or in part, for a
         consideration other than cash, the amount of the consideration other
         than cash received by the Company shall be deemed to be the fair value
         of such consideration as determined by the Board of Directors of the
         Company.

         (v) In the event of the consolidation of the Company with or the merger
         of the Company into any other corporation or of the sale of the
         properties and assets of the Company as, or substantially as, an
         entirety for stock or other securities of any corporation, or the
         merger of any other corporation into the Company as a result of which
         the holders of shares of Common Stock of the Company shall be deemed to
         have become the holders of, or shall become entitled to, stock or other
         securities of any corporation other than the Company, the Company shall
         be deemed to have issued a number of shares of its Common Stock for
         such stock or securities computed on the basis of the exchange ratio
         actually applied in the transaction and for a consideration equal to
         the fair market value on the date of such transaction of such stock or
         securities of the other corporation. If such determination shall cause
         an adjustment in the Conversion Price, the determination of the number
         of shares of Common Stock issuable upon the conversion of any
         Convertible Note immediately prior to such consolidation, merger or
         sale for the purpose of subsection (iii) of this subsection 6.5 shall
         be made after giving effect to such adjustment of the Conversion Price.

         (vi) In case of the payment or making of a dividend or other
         distribution on Common Stock in property (other than in shares of
         Common Stock and securities convertible into or exchangeable for shares
         for Common Stock, but including all other securities) such dividend or
         other distribution shall be deemed to have been paid or make at the
         close of business at the record date fixed for the determination of
         stockholders entitled to receive such dividend or other distribution
         shall be the amount of cash and, if in property other than cash, shall
         be deemed to be the value of such property as determined in good faith
         by the Board of Directors of the Company at the time of the declaration
         of such dividend or other distribution.

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         (vii) The number of shares of Common Stock outstanding at any given
         time shall not include shares owned or held by or for the account of
         the Company, and the disposition of any such shares shall be considered
         an issue of sale of Common Stock.

         B. Anything to the contrary notwithstanding, the Company shall not be
         required to make any adjustment of the Conversion Price as a result of
         the happing of any of the following:

         (i) The issue of the Convertible Notes of which this note is a part;

         (ii) The issue of shares of Common Stock upon the conversion from time
         to time of the Convertible Notes;

         (iii) The issue of not more than 100,000 shares of Common Stock upon
         the exercise of options granted under the Company's Employee's
         Qualified Stock Option Plan;

         (iv) The issue of non-qualified stock options (and the issuance of
         shares upon the exercise thereof) by the Company to its officers and
         employees for not exceeding an aggregate of 100,000 shares of Common
         Stock;

         (v) Such additional shares as may be issuable upon the exercise of such
         options by reason of stock dividends, stock splits, and other changes
         in the capitalization of the Company; and

         C. In case at any time the Company's shares shall be combined into a
         small number of shares, the conversion price in effect immediately
         prior to such combination shall remain unchanged.

         D. If any capital reorganization or reclassification of the capital
         stock of the Company, or consolidation or merger of the Company with
         another corporation, or the sale of all or substantially all of its
         assets to another corporation shall be effected in such a way that
         holders of Common Stock (or any other securities of the Company then
         issuable upon the conversion of this Convertible Note) shall be
         entitled to receive stock, securities or assets with respect to or in
         exchange for Common Stock (or such other securities) then, as a
         condition of such reorganization, reclassification, consolidation,
         merger or sale, lawful and adequate provision shall be made whereby the
         holder hereof shall thereafter have the right to purchase and receive
         upon the basis and upon the terms and conditions specified in this
         Convertible Note and in lieu of the shares of the Common Stock (or
         other securities) of the Company immediately theretofore purchasable
         and receivable upon the exercise of the rights represented hereby, such
         shares of stock, securities or assets as my be issued or payable with
         respect to or in exchange for a number of shares of such Common Stock
         (or such other securities) immediately theretofore purchasable and
         receivable upon the exercise of the rights represented hereby, had such
         reorganization, reclassification, consolidation, merger or sale not

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         taken place, and in any case appropriate provision shall be made with
         respect to the rights and interest of the holder of this Convertible
         Note to the end that the provisions hereof (including without
         limitation provisions fro adjustments of the conversion price and of
         the number of shares purchasable upon the conversion of this
         Convertible Note) shall thereafter be applicable, as nearly as may be,
         in relation to any shares of stock, securities or assets thereafter
         deliverable upon the conversion hereof (including an immediate
         adjustment, by reason of such consolidation, merger or sale, of the
         conversion price, to the value for the Common Stock reflected by the
         terms of such consolidation, merger or sale if the value so reflected
         is less than the conversion price in effect immediately prior to such
         consolidation, merger or sale). The Company shall not effect any such
         consolidation, merger or sale, unless prior to the consummation thereof
         the successor corporation (if other than the Company) resulting from
         such consolidation or merger or the corporation purchasing such assets
         shall assume, by written instrument executed and mailed to the
         registered holder hereof at the last address of such holder appearing
         on the books of the Company, the obligation to deliver to such holder
         such shares of stock, securities or assets, as, in accordance with the
         foregoing provisions, such holder may be entitled to purchase. The
         successor corporation shall be deemed substituted for the Company for
         all purposes of this Agreement and the Convertible Notes.

         The provisions of subsection D governing the substitution of another
         corporation for the Company shall similarly apply to successive
         instances in which the corporation then deemed to be the Company
         hereunder shall either sell all or substantially all of its properties
         and assets to any other corporation or shall be the surviving
         corporation of the merger into it of any other corporation as a result
         of which the holders of any of its tock or other securities shall be
         deemed to have become the holders of, or shall become entitled to, the
         stock or other securities of any corporation other than the corporation
         at the time deemed to be the Company hereunder.

6.12     NOTICE OF CONVERSION PRICE. Upon any adjustment of the conversion
         price, than and in each such case the Company shall give written notice
         thereof, to the holder thereof, which notice shall state the conversion
         price resulting from such adjustment and the increase or decrease, if
         any, in the number of shares purchasable at such price upon the
         exercise of this Convertible Note, setting forth in reasonable detail
         the method of calculation and the facts upon which such calculation is
         based.

         The Company will, within 90 days after the end of each of its fiscal
         years, and at such other times as the Holder may reasonably request,
         mail to the holder of each Convertible Note at the address of such
         holder shown on the books of the Company a certificate of the
         independent public accountants for the Company specifying the
         Conversion Price in effect as the end of such fiscal year and the
         number of shares of Common Stock, or the kind and amount of any
         securities or property other than Common Stock or both, issuable upon
         the conversion of the Convertible Notes.

6.13     NOTICE OF DISTRIBUTIONS, RIGHTS OF REORGANIZATION, ETC. In case at any
         time:

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         (1) the Company shall pay any dividend payable in stock upon its Common
         Stock or make any distribution (other than regular cash dividend) to
         the holders of its Common Stock;

         (2) the Company shall offer for subscription pro rata to the holders of
         its Common Stock any additional shares of stock of any class or other
         rights;

         (3) there shall be any capital reorganization, or reclassification of
         the capital stock of the Company, or consolidation or merger of the
         Company, or sale of all or substantially all of its assets to, another
         corporation; or

         (4) there shall be a voluntary or involuntary dissolution, liquidation
         or winding up of the Company;

         then in any one or more of said cases, the Company shall give written
         notice, to the holder of this Convertible Note, of the date on which
         (a) the books of the Company shall close or a record shall be taken for
         such dividend, distribution or subscription rights, or (b) such
         reorganization, reclassification, consolidation, merger, sale,
         dissolution, liquidation or winding up shall take place, as the case
         may be. Such notice shall also specify the dates as of which the
         holders of Common Stock of record shall participate in such dividend,
         distribution or subscription rights, or shall be entitled to exchange
         their Common Stock for securities or other property deliverable upon
         such reorganization, reclassification, consolidation, merger, sale,
         dissolution, liquidation or winding up, as the case may be. Such
         written notice shall be given at least 20 days prior to the record date
         or the date on which the Company's transfer books are closed in respect
         thereto.

6.14     TAXES ON CONVERSION. The issue of certificates on conversion of
         Convertible notes hall be made without charge to the converting
         Noteholder for any tax in respect of the issue thereof. The Company
         shall not, however, be required to pay any tax which may be payable in
         respect of any transfer involved in the issue and delivery of stock in
         any name other than that of the holder of any Note converted, and the
         Company shall not be required to issue or deliver any certificate in
         respect to such stock unless and until the person or persons requesting
         the issuance thereof shall have paid to the Company the amount of such
         tax or shall have established to the satisfaction of the Company that
         such tax has been paid.

6.15     COMPANY TO RESERVE STOCK. The Company shall at all times reserve and
         keep available out of its authorized but unissued stock, for the
         purpose of effecting the conversion of the Convertible Notes, such
         number of its duly authorized shares of Common Stock as shall from time
         to time be sufficient to effect the conversion of all outstanding
         Convertible Notes. If any shares of Common Stock, reserved or to be
         reserved, for such purposes, required registration under any Federal or
         state law before such shares may be validly issued to the holder, the
         Company covenants that it will in good faith and as expeditiously as
         possibly endeavor to secure such registration or approval, as the case
         may be.

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         The Company will not take any action which would cause the conversion
         price to be below the then par value, if any, per share of the Common
         Stock, or in the case of no-par stock, below the amount for which such
         shares may be issued as fully paid and nonassesable.

         The Company covenants that all shares of Common Stock which may be
         issued upon conversion of Convertible Notes will upon issue be fully
         paid and nonassessable and free from all taxes, liens and charges with
         respect to the issue thereof.

6.16     NO RIGHTS AS STOCKHOLDERS. Prior to the conversion of any Convertible
         Note, the holder of such Convertible Note shall not be entitled to any
         rights of a stockholder of the Company, including without limitation
         the right to vote, to receive dividends or other distributions or to
         exercise any pre-emptive rights, and shall not be entitled to receive
         any notice of any proceedings of the Company, except as provided
         herein.

Dated:            March 28, 2002
                  -----------------------------------

Signature:        /s/ Maria Trinh
                  -----------------------------------

Name:             Maria Trinh
                  --------------------------------------------

Title:            President
                  --------------------------------------------

                                       35<PAGE>

EXHIBIT 10.18

                              EMPLOYMENT AGREEMENT

         This Employment Agreement (this "Agreement") is made as of
_____________, 2002, by Allis-Chalmers Corporation., a Delaware corporation (the
"Employer"), and V. William Archer, III, an individual resident in Houston,
Harris County, Texas (the "Executive").

                                 R E C I T A L S

         The Employer desires the Executive's employment with the Employer, and
the Executive wishes to accept such employment, upon the terms and conditions
set forth in this Agreement.

                                    AGREEMENT

         The parties, intending to be legally bound, agree as follows:

1.       DEFINITIONS
         -----------

         For the purposes of this Agreement, the following terms have the
meanings specified or referred to in this Section 1.

         "AGREEMENT"--this Employment Agreement.

         "BASIC COMPENSATION"--Salary and Benefits.

         "BENEFITS"--as defined in Section 3.1(b).

         "BOARD OF DIRECTORS"--the board of directors of the Employer.

         "CHANGE OF CONTROL"-for purpose of this Agreement, a "Change of
         Control" shall occur if (i) the Employer shall not be the surviving
         entity in any merger or consolidation (or survive only as a subsidiary
         of an entity other than a previously wholly-owned subsidiary of the
         Employer), (ii) the Employer sells, leases or exchanges or agrees to
         sell, lease or exchange all or substantially all of its assets to any
         other person or entity (other than a wholly-owned subsidiary of the
         Employer), (iii) the Employer is dissolved or liquidated, or (iv) any
         person or entity, including a "group" as contemplated by Section
         13(d)(3) of the Securities Exchange Act of 1934, (other than Energy
         Spectrum Partners, LP, Munawar H. Hidayatallah, Colebrooke Investments,
         Inc. or any of their respective affiliates) acquires or gains ownership
         or control of more than 50% of the outstanding capital stock of
         Employer after the date hereof, provided, however, any public offering
         by the Employer pursuant to the Securities Act of 1933, as amended, of
         capital stock of the Company or private placement of capital stock by
         the Employer shall not be deemed a "Change of Control" hereunder.

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         "CONFIDENTIAL INFORMATION"--any and all:

                  (a) trade secrets concerning the business and affairs of the
         Employer and any other information, however documented, that is a trade
         secret within the meaning of law of the State of Texas; and

                  (b) information concerning the business and affairs of the
         Employer (which includes historical financial statements, financial
         projections and budgets, historical and projected sales, capital
         spending budgets and plans, the names and backgrounds of key personnel,
         personnel training and techniques and materials), however documented;
         and

                  (c) notes, analysis, compilations, studies, summaries, and
         other material prepared by or for the Employer containing or based, in
         whole or in part, on any information included in the foregoing.

         "DISABILITY"--as defined in Section 6.2.

         "EFFECTIVE DATE"--the date stated in the first paragraph of the
         Agreement.

         "EMPLOYMENT PERIOD"--the term of the Executive's employment under this
         Agreement.

         "FISCAL YEAR"--the Employer's fiscal year, as it exists on the
         Effective Date or as changed from time to time.

         "FOR CAUSE"--as defined in Section 6.3.

         "INCENTIVE COMPENSATION"--as defined in Section 3.2.

         "PERSON"--any individual, corporation (including any non-profit
         corporation), general or limited partnership, limited liability
         company, joint venture, estate, trust, association, organization, or
         governmental body.

         "POST-EMPLOYMENT PERIOD"--as defined in Section 8.2.

         "PROPRIETARY ITEMS"--as defined in Section 7.2(a)(iv).

         "SALARY"--as defined in Section 3.1(a).

2.       EMPLOYMENT TERMS AND DUTIES
         ---------------------------

         2.1      EMPLOYMENT
                  ----------

         The Employer hereby employs the Executive, and the Executive hereby
accepts employment by the Employer, upon the terms and conditions set forth in
this Agreement.

                                       2
<PAGE>

         2.2      TERM
                  ----

         Subject to the provisions of Section 6, the term of the Executive's
employment under this Agreement will be three years, beginning on the Effective
Date and ending on the third anniversary of the Effective Date.

         2.3      DUTIES
                  ------

         The Executive will have such duties as are assigned or delegated to the
Executive by the Board of Directors or Chief Executive Officer, and will
initially serve as Executive Vice President and Chief Financial Officer of the
Employer. The Executive will devote his entire business time, attention, skill,
and energy exclusively to the business of the Employer, will use his best
efforts to promote the success of the Employer's business, and will cooperate
fully with the Board of Directors in the advancement of the best interests of
the Employer. Nothing in this Section 2.3, however, will prevent the Executive
from engaging in additional activities in connection with personal investments
and community affairs that are not inconsistent with the Executive's duties
under this Agreement.

3.       COMPENSATION
         ------------

         3.1      BASIC COMPENSATION
                  ------------------

                  (a) SALARY. The Executive will be paid an annual salary of
$180,000.00, subject to adjustment as provided below (the "Salary"), which will
be payable in equal periodic installments according to the Employer's customary
payroll practices, but no less frequently than monthly. The Salary will be
reviewed by the Board of Directors or Chief Executive Officer not less
frequently than annually, and may be adjusted upward in the sole discretion of
the Board of Directors or Chief Executive Officer, but in no event will the
Salary be less than $180,000.00 per year.

                  (b) BENEFITS. The Executive will, during the Employment
Period, be permitted to participate in such pension, profit sharing, bonus, life
insurance, hospitalization, major medical, and other employee benefit plans of
the Employer that may be in effect from time to time, to the extent the
Executive is eligible under the terms of those plans (collectively, the
"Benefits").

         3.2      INCENTIVE COMPENSATION
                  ----------------------

         As additional compensation (the "Incentive Compensation") for the
services to be rendered by the Executive pursuant to this Agreement, the
Employer will pay the Executive up to twenty-five percent (25%) of Salary as
Incentive Compensation based on reaching the targets and goals for his position
as determined in advance and indicated in writing by the Chief Executive
Officer. Such goals and targets are to be established in writing of the Chief
Executive Officer prior to the beginning of each Fiscal Year. The Incentive
Compensation will be payable in cash or at the Executive's option in Employer's
stock if agreed to by the Board of Directors.

                                       3
<PAGE>

         3.3      STOCK OPTIONS
                  -------------

         The Employer has granted to Executive options to purchase 275,000
shares of Employer's common stock pursuant to Employer's 2002 Stock Incentive
Plan. The options granted to Executive will be subject to and governed by the
Employer's 2002 Stock Incentive Plan and an appropriate stock option agreement
containing such terms and provisions as the Board of Directors deem necessary.

4.       FACILITIES AND EXPENSES
         -----------------------

         4.1      GENERAL
                  -------

         The Employer will furnish the Executive office space in the
metropolitan Houston area, equipment, supplies, and such other facilities and
personnel as the Employer deems necessary or appropriate for the performance of
the Executive's duties under this Agreement. Executive will not be required to
relocate outside the metropolitan Houston, Texas area. The Employer will pay the
Executive's dues in such professional societies and organizations as the Chief
Executive Officer deems appropriate, and will pay on behalf of the Executive (or
reimburse the Executive for) reasonable expenses incurred by the Executive at
the request of, or on behalf of, the Employer in the performance of the
Executive's duties pursuant to this Agreement, and in accordance with the
Employer's employment policies, including reasonable expenses incurred by the
Executive in attending conventions, seminars, and other business meetings, in
appropriate business entertainment activities, and for promotional expenses. The
Executive must file expense reports with respect to such expenses in accordance
with the Employer's policies.

5.       VACATIONS AND HOLIDAYS
         ----------------------

         The Executive will be entitled to three (3) weeks paid vacation each
Fiscal Year in accordance with the vacation policies of the Employer in effect
for its executive officers from time to time. Vacation must be taken by the
Executive at such time or times as approved by the Chairman of the Board or
Chief Executive Officer. The Executive will also be entitled to the paid
holidays set forth in the Employer's policies. Vacation days and holidays during
any Fiscal Year that are not used by the Executive during such Fiscal Year may
not be used in any subsequent Fiscal Year.

6.       TERMINATION
         -----------

         6.1      EVENTS OF TERMINATION
                  ---------------------

          The Employment Period, the Executive's Basic Compensation and
Incentive Compensation, and any and all other rights of the Executive under this
Agreement or otherwise as an employee of the Employer will terminate (except as
otherwise provided in this Section 6):

                  (a) upon the death of the Executive;

                  (b) upon the disability of the Executive (as defined in
Section 6.2) immediately upon notice from either party to the other;

                                       4
<PAGE>

                  (c) for cause (as defined in Section 6.3), immediately upon
notice from the Employer to the Executive, or at such later time as such notice
may specify; or

                  (d) without cause, immediately upon notice from the Employer
to the Executive, or at such later time as such notice may specify;

                  (e) upon written notice from Employer that Employer has
elected to terminate this Agreement as a result of the breach of Employer's
financial covenants to its lenders; or

                  (f) upon written notice from Executive to Employer that the
Executive has elected to terminate this Agreement due to a Change of Control (as
defined herein).

         6.2      DEFINITION OF DISABILITY
                  ------------------------

         For purposes of Section 6.1, the Executive will be deemed to have a
"disability" if, for physical or mental reasons, the Executive is unable to
perform the Executive's duties under this Agreement for 120 consecutive days, or
180 days during any twelvemonth period, as determined in accordance with this
Section 6.2. The disability of the Executive will be determined by a medical
doctor selected by written agreement of the Employer and the Executive upon the
request of either party by notice to the other. If the Employer and the
Executive cannot agree on the selection of a medical doctor, each of them will
select a medical doctor and the two medical doctors will select a third medical
doctor who will determine whether the Executive has a disability. The
determination of the medical doctor selected under this Section 6.2 will be
binding on both parties. The Executive must submit to a reasonable number of
examinations by the medical doctor making the determination of disability under
this Section 6.2, and the Executive hereby authorizes the disclosure and release
to the Employer of such determination and all supporting medical records. If the
Executive is not legally competent, the Executive's legal guardian or duly
authorized attorney-in-fact will act in the Executive's stead, under this
Section 6.2, for the purposes of submitting the Executive to the examinations,
and providing the authorization of disclosure, required under this Section 6.2.

         6.3      DEFINITION OF "FOR CAUSE"
                  -------------------------

         For purposes of Section 6.1, the phrase "for cause" means: (a) the
Executive's breach of this Agreement following ten days notice to Executive and
failure to cure during such period thereof; (b) the Executive's failure to
adhere to any written Employer policy if the Executive has been given a
reasonable opportunity to comply with such policy or cure his failure to comply
(which reasonable opportunity must be granted during the ten-day period
preceding termination of this Agreement); (c) the appropriation (or attempted
appropriation) of a material business opportunity of the Employer, including
attempting to secure or securing any personal profit in connection with any
transaction entered into on behalf of the Employer; (d) the misappropriation (or
attempted misappropriation) of any of the Employer's funds or property; or (e)
the conviction of, the indictment for (or its procedural equivalent), or the
entering of a guilty plea or plea of no contest with respect to, a felony, the
equivalent thereof, or any other crime with respect to which imprisonment is a
possible punishment.

                                       5
<PAGE>

         6.4      TERMINATION PAY
                  ---------------

         Effective upon the termination of this Agreement, the Employer will be
obligated to pay the Executive (or, in the event of his death, his designated
beneficiary as defined below) only such compensation as is provided in this
Section 6.4. For purposes of this Section 6.4, the Executive's designated
beneficiary will be such individual beneficiary or trust, located at such
address, as the Executive may designate by notice to the Employer from time to
time or, if the Executive fails to give notice to the Employer of such a
beneficiary, the Executive's estate. Notwithstanding the preceding sentence, the
Employer will have no duty, in any circumstances, to attempt to open an estate
on behalf of the Executive, to determine whether any beneficiary designated by
the Executive is alive or to ascertain the address of any such beneficiary, to
determine the existence of any trust, to determine whether any person or entity
purporting to act as the Executive's personal representative (or the trustee of
a trust established by the Executive) is duly authorized to act in that
capacity, or to locate or attempt to locate any beneficiary, personal
representative, or trustee.

         (a)  TERMINATION BY THE EMPLOYER FOR CAUSE. If the Employer terminates
              this Agreement for cause, the Executive will be entitled to
              receive his Salary only through the date such termination is
              effective, but will not be entitled to any Incentive Compensation
              for the Fiscal Year during which such termination occurs or any
              subsequent Fiscal Year.

         (b)  TERMINATION UPON DISABILITY. If this Agreement is terminated by
              either party as a result of the Executive's disability, as
              determined under Section 6.2, the Employer will pay the Executive
              his Salary through the remainder of the calendar month during
              which such termination is effective and for the lesser of (i)
              three (3) consecutive months thereafter, or (ii) the period until
              disability insurance benefits commence under the disability
              insurance coverage furnished by the Employer to the Executive.

         (c)  TERMINATION UPON DEATH. If this Agreement is terminated because of
              the Executive's death, the Executive will be entitled to receive
              his Salary through the end of the calendar month in which his
              death occurs.

         (d)  TERMINATION BY EMPLOYER UPON BREACH OF FINANCIAL COVENANTS. If
              this Agreement is terminated by Employer because of the breach of
              financial covenants by Employer, the Executive will be entitled to
              receive his Salary through the calendar month such termination is
              effective and for 6 consecutive calendar months thereafter in
              accordance with the Employer's normal payroll practices.

         (e)  TERMINATION BY EMPLOYER WITHOUT CAUSE. If this Agreement is
              terminated by Employer without cause, the Executive will be
              entitled to receive his Salary through the term of this Agreement
              in accordance with normal payroll practices of the Employer, but
              will not be entitled to any Incentive Compensation for the Fiscal
              Year during which such termination occurs or any subsequent Fiscal
              Year.

         (f)  TERMINATION BY EXECUTIVE UPON CHANGE OF CONTROL. If this Agreement
              is terminated by Executive due to a Change of Control, the
              Executive will be entitled to receive his Salary for a period of
              one (1) year following such notice in accordance with normal
              payroll practices of the Employer, but will not be entitled to any

                                       6
<PAGE>

              Incentive Compensation for the fiscal Year during which such
              termination occurs or any subsequent Fiscal Year. Executive will
              not be entitled to any compensation hereunder if following
              Executive's termination pursuant to Section 6.1(f) of this
              Agreement, Executive is employed in any capacity by either the
              Employer or the person or entity which caused the Change of
              Control within a period of one year following notice of
              termination by Executive pursuant to Section 6.1(f) hereof. In the
              event that Executive terminates this Agreement pursuant to Section
              6.1(f) hereof and receives any payments under this Section 6.4(f)
              and is also employed by the Employer or the person or entity
              causing the Change of Control within one year of such termination,
              then Executive will immediately remit to Employer all payments
              made by Employer to Executive pursuant to this Section 6.4(f).

         (g)  BENEFITS. The Executive's accrual of, or participation in plans
              providing for, the Benefits will cease at the effective date of
              the termination of this Agreement, and the Executive will be
              entitled to accrued Benefits pursuant to such plans only as
              provided in such plans. The Executive will not receive, as part of
              his termination pay pursuant to this Section 6, any payment or
              other compensation for any vacation, holiday, sick leave, or other
              leave unused on the date the notice of termination is given under
              this Agreement.

7.       NON-DISCLOSURE COVENANT
         -----------------------

         7.1      ACKNOWLEDGMENTS BY THE EXECUTIVE
                  --------------------------------

         The Executive acknowledges that (a) during the Employment Period and as
a part of his employment, the Executive will be afforded access to Confidential
Information; (b) public disclosure of such Confidential Information could have
an adverse effect on the Employer and its business; and (c) the provisions of
this Section 7 are reasonable and necessary to prevent the improper use or
disclosure of Confidential Information.

         7.2      AGREEMENTS OF THE EXECUTIVE
                  ---------------------------

         In consideration of the compensation and benefits to be paid or
provided to the Executive by the Employer under this Agreement, the Executive
covenants as follows:

         Confidentiality.
         ---------------

                  (a) During and following the Employment Period, the Executive
will hold in confidence the Confidential Information and will not disclose it to
any person except with the specific prior written consent of the Employer or
except as otherwise expressly permitted by the terms of this Agreement.

                  (b) Any trade secrets of the Employer will be entitled to all
of the protections and benefits under the laws of the State of Texas and any
other applicable law. If any information that the Employer deems to be a trade
secret is found by a court of competent jurisdiction not to be a trade secret
for purposes of this Agreement, such information will, nevertheless, be

                                       7
<PAGE>

considered Confidential Information for purposes of this Agreement. The
Executive hereby waives any requirement that the Employer submit proof of the
economic value of any trade secret or post a bond or other security.

                  (c) None of the foregoing obligations and restrictions applies
to any part of the Confidential Information that the Executive demonstrates was
or became generally available to the public other than as a result of a
disclosure by the Executive.

                  (d) The Executive will not remove from the Employer's premises
(except to the extent such removal is for purposes of the performance of the
Executive's duties at home or while traveling, or except as otherwise
specifically authorized by the Employer) any document, record, notebook, plan,
model, component, device, or computer software or code, whether embodied in a
disk or in any other form (collectively, the "Proprietary Items"). The Executive
recognizes that, as between the Employer and the Executive, all of the
Proprietary Items, whether or not developed by the Executive, are the exclusive
property of the Employer. Upon termination of this Agreement by either party, or
upon the request of the Employer during the Employment Period, the Executive
will return to the Employer all of the Proprietary Items in the Executive's
possession or subject to the Executive's control, and the Executive shall not
retain any copies, abstracts, sketches, or other physical embodiment of any of
the Proprietary Items.

         7.3      DISPUTES OR CONTROVERSIES
                  -------------------------
         The Executive recognizes that should a dispute or controversy arising
from or relating to this Agreement be submitted for adjudication to any court,
arbitration panel, or other third party, the preservation of the secrecy of
Confidential Information may be jeopardized. All pleadings, documents,
testimony, and records relating to any such adjudication will be maintained in
secrecy and will be available for inspection by the Employer, the Executive, and
their respective attorneys and experts, who will agree, in advance and in
writing, to receive and maintain all such information in secrecy, except as may
be limited by them in writing.

8.       GENERAL PROVISIONS
         ------------------

         8.1      INJUNCTIVE RELIEF AND ADDITIONAL REMEDY
                  ---------------------------------------

         The Executive acknowledges that the injury that would be suffered by
the Employer as a result of a breach of the provisions of this Agreement
(including any provision of Section 7) would be irreparable and that an award of
monetary damages to the Employer for such a breach would be an inadequate
remedy. Consequently, the Employer will have the right, in addition to any other
rights it may have, to obtain injunctive relief to restrain any breach or
threatened breach or otherwise to specifically enforce any provision of this
Agreement, and the Employer will not be obligated to post bond or other security
in seeking such relief.

         8.2      COVENANTS OF SECTION 7 ARE ESSENTIAL AND INDEPENDENT COVENANTS
                  --------------------------------------------------------------

         The covenants by the Executive in Section 7 are essential elements of
this Agreement, and without the Executive's agreement to comply with such

                                       8
<PAGE>

covenants, the Employer would not have entered into this Agreement or employed
or continued the employment of the Executive. The Employer and the Executive
have independently consulted their respective counsel and have been advised in
all respects concerning the reasonableness and propriety of such covenants, with
specific regard to the nature of the business conducted by the Employer.

         The Executive's covenants in Section 7 is an independent covenant and
the existence of any claim by the Executive against the Employer under this
Agreement or otherwise, or against the Buyer, will not excuse the Executive's
breach of any covenant in Section 7.

         If the Executive's employment hereunder expires or is terminated, this
Agreement will continue in full force and effect as is necessary or appropriate
to enforce the covenants and agreements of the Executive in Section 7.

         8.3      REPRESENTATIONS AND WARRANTIES BY THE EXECUTIVE
                  -----------------------------------------------

         The Executive represents and warrants to the Employer that the
execution and delivery by the Executive of this Agreement do not, and the
performance by the Executive of the Executive's obligations hereunder will not,
with or without the giving of notice or the passage of time, or both: (a)
violate any judgment, writ, injunction, or order of any court, arbitrator, or
governmental agency applicable to the Executive; or (b) conflict with, result in
the breach of any provisions of or the termination of, or constitute a default
under, any agreement to which the Executive is a party or by which the Executive
is or may be bound.

         8.4      OBLIGATIONS CONTINGENT ON PERFORMANCE
                  -------------------------------------

         The obligations of the Employer hereunder, including its obligation to
pay the compensation provided for herein, are contingent upon the Executive's
performance of the Executive's obligations hereunder.

         8.5      WAIVER
                  ------

         The rights and remedies of the parties to this Agreement are cumulative
and not alternative. Neither the failure nor any delay by either party in
exercising any right, power, or privilege under this Agreement will operate as a
waiver of such right, power, or privilege, and no single or partial exercise of
any such right, power, or privilege will preclude any other or further exercise
of such right, power, or privilege or the exercise of any other right, power, or
privilege. To the maximum extent permitted by applicable law, (a) no claim or
right arising out of this Agreement can be discharged by one party, in whole or
in part, by a waiver or renunciation of the claim or right unless in writing
signed by the other party; (b) no waiver that may be given by a party will be
applicable except in the specific instance for which it is given; and (c) no
notice to or demand on one party will be deemed to be a waiver of any obligation
of such party or of the right of the party giving such notice or demand to take
further action without notice or demand as provided in this Agreement.

                                       9
<PAGE>

         8.6      BINDING EFFECT; DELEGATION OF DUTIES PROHIBITED
                  -----------------------------------------------

         This Agreement shall inure to the benefit of, and shall be binding
upon, the parties hereto and their respective successors, assigns, heirs, and
legal representatives, including any entity with which the Employer may merge or
consolidate or to which all or substantially all of its assets may be
transferred. The duties and covenants of the Executive under this Agreement,
being personal, may not be delegated.

         8.7      NOTICES
                  -------

         All notices, consents, waivers, and other communications under this
Agreement must be in writing and will be deemed to have been duly given when (a)
delivered by hand (with written confirmation of receipt), (b) sent by facsimile
(with written confirmation of receipt), provided that a copy is mailed by
registered mail, return receipt requested, or (c) when received by the
addressee, if sent by a nation-ally recognized overnight delivery service
(receipt requested), in each case to the appropriate addresses and facsimile
numbers set forth below (or to such other addresses and facsimile numbers as a
party may designate by notice to the other parties):

         If to Employer:            Allis-Chalmers Corporation
                                    7660 Woodway, Suite 200
                                    Houston, Texas 77063
                                    Attention:          Munawar H. Hidayatallah,
                                                        Chief Executive Officer
                                    Facsimile No.:      713-369-0555

         With a copy to:            Wilson, Cribbs, Goren & Flaum, P.C.
                                    440 Louisiana Street
                                    Suite 2200
                                    Houston, Texas 77002
                                    Attention:          Theodore F. Pound III
                                    Facsimile No.:      713-229-8824

         If to the Executive:       V. William Archer

                                    -------------------------
                                    -------------------------
                                    -------------------------
                                    Attention:          _______________
                                    Facsimile No.:      _______________

         With a copy to:
                                    -------------------------
                                    -------------------------
                                    -------------------------
                                    Attention:          _______________
                                    Facsimile No.:      _______________

                                       10
<PAGE>

         8.8      ENTIRE AGREEMENT; AMENDMENTS
                  ----------------------------

         This Agreement contains the entire agreement between the parties with
respect to the subject matter hereof and supersede all prior agreements and
understandings, oral or written, between the parties hereto with respect to the
subject matter hereof. This Agreement may not be amended orally, but only by an
agreement in writing signed by the parties hereto.

         8.9      GOVERNING LAW
                  -------------

         This Agreement will be governed by the laws of the State of Texas
without regard to conflicts of laws principles.

         8.10     JURISDICTION
                  ------------

         Any action or proceeding seeking to enforce any provision of, or based
on any right arising out of, this Agreement may be brought against either of the
parties in the courts of the State of Texas, County of Harris, or, if it has or
can acquire jurisdiction, in the United States District Court for the Southern
District of Texas, and each of the parties consents to the jurisdiction of such
courts (and of the appropriate appellate courts) in any such action or
proceeding and waives any objection to venue laid therein. Process in any action
or proceeding referred to in the preceding sentence may be served on either
party anywhere in the world.

         8.11     SECTION HEADINGS, CONSTRUCTION
                  ------------------------------

         The headings of Sections in this Agreement are provided for convenience
only and will not affect its construction or interpretation. All references to
"Section" or "Sections" refer to the corresponding Section or Sections of this
Agreement unless otherwise specified. All words used in this Agreement will be
construed to be of such gender or number as the circumstances require. Unless
otherwise expressly provided, the word "including" does not limit the preceding
words or terms.

         8.12     SEVERABILITY
                  ------------

         If any provision of this Agreement is held invalid or unenforceable by
any court of competent jurisdiction, the other provisions of this Agreement will
remain in full force and effect. Any provision of this Agreement held invalid or
unenforceable only in part or degree will remain in full force and effect to the
extent not held invalid or unenforceable.

         8.13     COUNTERPARTS
                  ------------

         This Agreement may be executed in one or more counterparts, each of
which will be deemed to be an original copy of this Agreement and all of which,
when taken together, will be deemed to constitute one and the same agreement.

                                       11
<PAGE>

         8.14     WAIVER OF JURY TRIAL
                  --------------------

         THE PARTIES HERETO HEREBY WAIVE A JURY TRIAL IN ANY LITIGATION WITH
RESPECT TO THIS AGREEMENT.

         IN WITNESS WHEREOF, the parties have executed and delivered this
Agreement as of the date above first written above.

EMPLOYER:                                        ALLIS-CHALMERS CORPORATION

                                                 By:/S/ MUNAWAR H. HIDAYATALLAH
                                                    ---------------------------
                                                        Munawar H. Hidayatallah,
                                                        Chief Executive Officer

EXECUTIVE:                                       V. WILLIAM ARCHER, III

                                                 /S/ V. WILLIAM ARCHER, III
                                                 -------------------------------

                                       12

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