Document:

Unassociated Document

    Exhibit
10.18

     

    BUCKEYE
VENTURES, INC. 

     

    EMPLOYMENT
AGREEMENT

    

    

    This
Employment Agreement ("Agreement") is made as of February 10, 2006 by and
between Buckeye Ventures, Inc. (the "Company"), a Nevada corporation, and Larry
Weinstein ("Employee"). Upon the closing of the Share Exchange Agreement between
the Company and World Wide Motion Pictures Corporation (“World Wide“) this
agreement will continue in force between Employee and World Wide.

    

    1.         Employment. The Company
hereby agrees to employ the Employee and the Employee hereby agrees to work for
the Company upon the terms and conditions set forth herein.

    

    2.        Term of Agreement. This Agreement
shall continue in effect for an initial term of two years (2) from the date of
this Agreement and shall be automatically renewed for successive one year
periods unless either party notifies the other that this Agreement shall expire
at the end of the then current term or unless terminated in accordance with
Section 6.

    

     3.        Scope of Duties; Representations and
Warranties.

     

    (a) The
Employee shall have such duties as are assigned or delegated to the Employee by
the Board of Directors of the Company and will initially serve as the Senior
Vice President for Investor Relations and IT of the Company. Unless mutually
agreed, the Employee shall have only such duties as are customary and usual for
the position in which the Employee is serving. The Employee will devote his
entire business time, attention, skills, and energy exclusively to the business
of the Company, and will use his best efforts to promote the success of the
Company's business, and will cooperate fully with the Board of Directors in the
advancement of the best interests of the Company. The Employee shall also serve
as a director of the Company and the Employee shall fulfill his duties as such
director. Employee shall be compensated for such director duties on the same
basis as other directors, if any.

     

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

     

    4.       Compensation.

     

    (a)  The
Company shall initially pay the Employee an annual base salary to be determined,
but not greater than that of the other senior managers of the Company (the
"Initial Base Salary"), subject to adjustment as provided below, which will be
payable in equal periodic installments according to the Company's customary
payroll practices, but no less frequently than monthly. Employee's base salary
will be reviewed by the Board of Directors of the Company not less frequently
than annually, and may be adjusted upward or downward in the sole discretion of
the Board of Directors of the Company, but in no event will Employee's base
salary be less than the Initial Base Salary.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (b)  All
payments of salary and other compensation to the Employee shall be made after
deduction of any taxes and other amounts which are required to be withheld with
respect thereto under applicable federal and state laws.

     

    5.          Fringe Benefits; Expenses.

     

    (a) So long
as the Employee is employed by the Company, the Employee shall participate in
all employee benefit plans sponsored by the Company, or to which the Company
contributes, for its executive employees, including but not limited to vacation
policy, sick leave and disability leave, life insurance, health insurance,
dental insurance, and bonus, stock option, stock ownership and/or profit sharing
plans; provided, however, that the
nature, amount and limitations of such plans shall be determined from time to
time by the Board of Directors of the Company.

     

    (b) The
Company shall reimburse the Employee for all reasonable business expenses
incurred by the Employee in the scope of his employment; provided, however, that the
Employee must file expense reports with respect to such expenses in accordance
with the Company's policies as are in effect from time to time.

     

    (c) The
Employee shall be entitled to vacation in accordance with the vacation policies
of the Company in effect from time to time. The Employee will also be entitled
to the paid holidays and other paid leave set forth in the Company's policies.
Vacation days earned during any calendar year that are not used by the Employee
by the end of the following calendar year will be forfeited.

     

    6.          Termination. The Company may
terminate this Agreement with or without "Cause" at any time, subject to the
terms of this Section 6. Such termination shall be effective upon delivery of
written notice to the Employee of the Company's election to terminate this
Agreement under this Section 6.

     

    (a)         Definition of
"Cause". When used in connection with the termination of employment with
the Company, "Cause" means: (i)
Employee's breach of his obligations under this Agreement after the Employee has
been given notice specifying such breach and a reasonable opportunity to cure
such breach; (ii) Employee's failure to adhere to any written Company policy
after the Employee has been given notice specifying the failure and a reasonable
opportunity to comply with such policy or cure his failure to comply; (iii) the
conviction of, indictment for 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; (iv) the commission
by the Employee of an act of fraud upon the Company or any of its affiliates;
(v) the misappropriation (or attempted misappropriation) of any funds or
property of the Company or any of its affiliates by the Employee; (vi) the
failure by the Employee to perform the duties assigned to him under this
Agreement after reasonable notice and opportunity to cure such performance;
(vii) the engagement by the Employee in any direct, material conflict of
interest with the Company without compliance with the Company's conflict of
interest policy, if any, then in effect; (viii) the engagement by the Employee,
without the written approval of the Board of Directors of the Company, in any
activity which competes with the business of the Company or any of its
affiliates or which would result in a material injury to the Company or any of
its affiliates; (ix) the engagement by the Employee in any activity which would
constitute a material violation of the provisions of the Company's Insider
Trading Policy or Business Ethics Policy, if any, then in effect, (x) the
failure by the Employee to sign any lock-up letters, standstill agreements, or
other similar documentation required by an underwriter in connection with a
public offering of securities by the Company or to take other actions reasonably
related thereto as requested by the Board of Directors of the Company, or (xi)
any act or omission by the Employee that, in the judgment of the Board of
Directors of the Company, has or could have a material adverse effect on (a) the
Company's properties, operations or public image, or (b) the health, safety or
morale of any of the Company's suppliers, employees or customers.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (b) Termination for Cause or
Resignation. If the Company terminates the Employee's employment for
Cause or the Employee voluntarily resigns, the Company shall pay the Employee's
base salary earned through the date of termination but all rights to any other
compensation or benefits arising hereunder shall be canceled and terminated in
all respects concurrently with such termination of employment; provided that
Employee may elect to continue to participate, at Employee's own expense, in
such health insurance and other benefits as to which the opportunity for
continuing participation is mandated by applicable laws.

     

    (c) Termination Without
Cause. In the event that the Employee's employment is terminated by the
Company without Cause, or the Employee terminates this Agreement due to a
material breach by the Company, the Company shall, subject to the terms of subsections (d) and
(e) of this Section 6 below, and only if and as long as Employee is not
in breach of his obligations under this Agreement, pay to the Employee an amount
equal to six months salary at his then current base salary payable in a lump
sum.

     

    (d) Disability; Death. If
at any time during the term of this Agreement, the Employee is unable due to
physical or mental disability to perform effectively his duties hereunder, the
Company shall continue payment of compensation as provided in Section 4 during the
first six months of such disability to the extent not covered by the Company's
disability insurance policies. Upon the expiration of such six-month period, the
Company, at its sole option, may continue payment of the Employee's salary for
such additional periods as the Company elects, or may terminate this Agreement
without further obligations hereunder. If the Employee should die during the
term of this Agreement, the Employee's employment and the Company's obligations
hereunder shall terminate as of the end of the month in which the Employee's
death occurs and there will be no salary and benefit continuation
period.

     

    (e) Waiver and Release.
In the event that employment is terminated by the Company Without Cause, the
Employee shall accept, in full settlement of any and all claims, losses, damages
and other demands which the Employee may have arising out of such termination,
as liquidated damages and not as a penalty, the applicable amounts payable to
Employee as set forth in this Section 6. The Employee hereby waives any and all
rights he may have to bring any cause of action or proceeding contesting any
termination without Cause. Under no circumstances shall the Employee be entitled
to any compensation or confirmation of any benefits under this Agreement for any
period of time following his date of termination if his termination is for
Cause.

     

    7.         Covenant Not to
Compete.

     

    (a) During
the Employee’s employment with the Company and its affiliates, the Employee will
not compete with the Company or its affiliates, directly or indirectly, either
for himself or as a member of a partnership or as a stockholder (except as a
stockholder of less than one percent of the issued and outstanding stock of a
publicly-held company whose gross assets exceed $100 million), investor, owner,
officer or director of a company or other entity, or as an employee, agent,
associate or consultant of any person, partnership, corporation or other entity,
in any business in competition with that carried on by the Company or its
affiliates.

     

    (b) For a
period two years from and after the date of termination of Employee's employment
with the Company or any of its Affiliates, regardless of the reason for such
termination, the Employee will not (1) represent, engage in, carry on, or have a
financial interest in, directly or indirectly, individually, as a member of a
partnership or limited liability company, equity owner, stockholder (other than
as a stockholder of Parent or as a stockholder of less than one percent (1%) of
the issued and outstanding stock of a publicly-held company whose gross assets
exceed $100 million), investor, owner, officer, director, trustee, manager,
employee, agent, associate or consultant, in any business which directly
competes with any of the services or products produced, sold, conducted,
developed, or in the process of

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    development
by the Company on the date of termination of Employee's employment, including
any indoor air quality, heating, ventilation, air conditioning, plumbing
products or services (2) directly or indirectly, whether as a principal, agent,
officer, director, employee, consultant, independent contractor or otherwise,
alone, in association with or on behalf of any other person, firm, corporation
or other business organization, (A) solicit, sell, call upon, advise, do or
attempt to do business with or otherwise contact any customer of Company, its
parent, subsidiaries or other affiliate companies as of the date of such
termination, or (B) (i) hire or attempt to hire any employee of Company, its
parent, subsidiaries or other affiliate companies, (ii) assist in such hiring by
any other person, (iii) encourage any such employee to terminate his/her
employment with Company, its parent, subsidiaries or other affiliate companies
and/or (iv) solicit, encourage or induce any customer to terminate its
relationship with the Company, its parent, subsidiaries or other affiliate
companies.

     

    (c) The
Employee acknowledges that the limitations set forth herein on his rights to
compete with the Company and its affiliates are reasonable and necessary for the
protection of the Company and its affiliates. In this regard, Employee
specifically agrees that the limitations as to period of time and geographic
area, as well as all other restrictions on his activities specified herein, are
reasonable and necessary for the protection of the Company and its affiliates.
Employee agrees that, in the event that the provisions of this Agreement should
ever be deemed to exceed the scope of business, time or geographic limitations
permitted by applicable law, such provisions shall be and are hereby reformed to
the maximum scope of business, time or geographic limitations permitted by
applicable law.

     

    (d) Employee
agrees that the remedy at law for any breach by him of this Section 7 will be
inadequate and that the Company shall also be entitled to injunctive
relief.

     

    (e) Any
violation of the covenant not to compete described in this Section 7 shall
extend the time period thereof for a period of time equal to the period of time
during which such violation continues. In the event the Company or any of its
affiliates is required to seek relief from such violation in any court, board of
arbitration or other tribunal, then the covenant shall be extended for a period
of time equal to the pendency of such proceedings and any appeals
thereof.

     

    8.         Confidential Information. During the
Employee’s employment with the Company and its affiliates, and for five years
after his termination of employment, the Employee will not make use of or
disclose, without the prior consent of the Company, Confidential Information (as
hereinafter defined) relating to the Company, or any of its affiliates, and will
return to the Company at the termination of the Employee's employment or at any
other time at the Company's request all written materials in his possession
embodying such Confidential Information. For purposes of this Agreement, "Confidential
Information" includes information conveyed or assigned to the Company by
Employee or conceived, compiled, created, developed, discovered or obtained by
Employee from and during his employment relationship with the Company, whether
solely by the Employee or jointly with others, which concerns the affairs of the
Company or its affiliates and which the Company could reasonably be expected to
desire be held in confidence, or the disclosure of which would likely be
embarrassing, detrimental or disadvantageous to the Company or its affiliates
and without limiting the generality of the foregoing, such information includes
information relating to inventions, and the trade secrets, technologies,
algorithms, products, services, finances, business plans, marketing plans, legal
affairs, supplier lists, client lists, potential clients, business prospects,
business opportunities, personnel assignments, contracts and assets of the
Company and information made available to the Company by other parties under a
confidential relationship. Confidential Information, however, shall not include
information (i) which is, at the time in question, in the public domain through
no wrongful act of Employee, (ii) which is later disclosed to Employee by one
not under obligations of confidentiality to the Company or Employee, (iii) which
is required by court or governmental order, law or regulation to be disclosed,
or (iv) which the Company has expressly given Employee the right to
disclose pursuant to written agreement. Employee acknowledges that the remedy at
law for any breach by him of this Section 8 will be inadequate and that the
Company shall also be entitled to injunctive relief.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    9.   Notice. All notices,
requests, demands and other communications required by or permitted under this
Agreement shall be in writing and shall be sufficiently given if delivered by
hand, by courier service, sent by registered mail, postage prepaid, or sent by
facsimile (with written confirmation of receipt) to the parties at their
respective addresses listed below:

    

    
      	
               
      

            	
              (a)

            	
              If
      to the Employee:

            

    

    
      	
               
      

            	
              1040
      West Wind Way

            

    

    
      	
               
      

            	
              Newport
      Beach, CA 92660

            

    

    

    (b)       If
to the Company:

    Buckeye
Ventures, Inc.

    1040 West
Wind Way

    Newport
Beach, CA 92660 Attn: CEO/President

    

    Either
party may change such party's address by such notice to the other
party.

    

    10.  Assignment. This Agreement is
personal to the Employee, and he shall not assign any of his rights or delegate
any of his duties hereunder without the prior written consent of the Company.
Neither the Employee nor his spouse will have the right to pledge, encumber, or
otherwise dispose of any payments under this Agreement. The Company shall have
the right to assign this Agreement to a successor in interest in connection with
a merger, sale of substantially all assets, or the like; provided however,
that an assignment of this Agreement to an entity with operations, products or
services outside of the industries in which the Company or its affiliates is
then active shall not be deemed to expand the scope of Employee's covenant not
to compete with such operations, products or services without Employee's written
consent.

    

    11.  Survival. The provisions of
this Agreement shall survive the termination of the Employee's employment
hereunder in accordance with their terms.

    

    12.  Governing Law. This Agreement
shall be governed by, and construed and enforced in accordance with, the laws of
the State of California.

    

    13.  Binding Upon Successors. This
Agreement shall be binding upon, and shall inure to the benefit of, the parties
hereto and their respective heirs, legal representatives, successors and
permitted assigns.

    

    14.  Entire Agreement. This
Agreement constitutes the entire agreement between the Company and the Employee
with respect to the terms of employment of the Employee by the Company and
supersedes all prior agreements and understandings, whether written or oral,
between them concerning such terms of employment.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    15.        Waiver and Amendments; Cumulative Rights and Remedies.

     

    (a) This
Agreement may
be amended, modified or supplemented, and any obligation hereunder may be waived, only by a
written instrument executed by the prunes hereto. The waiver by either party of
a breach of any provision of this Agreement shell not operate as a waiver of any
subsequent breach.

     

    (b) Ne
failure on the part of any party to exorcise,
and no delay it exercising, any night or remedy hereunder shall operate as a
waiver hereof, nor
shall any single or partial exercise of any such right or remedy by such
party preclude any other or further exercise thereof or the exercise of any
other right or remedy, All rights and remedies hereunder are cumulative and are
in addition to ail other rights and remedies provided by law, agreement or
otherwise.

     

    (c) The
Employee's obligations to the Company and the Company's rights and remedies
hereunder are in
addition to all other obligations of the Employee and rights and remedies
of the Company created pursuant to any other agreement.

     

    16.        Construction.  Each
party to this Agreement has had the opportunity to review this Agreement with
legal counsel. This Agreement shall not
be construed or interpreted against any party on the basis that such
party drafted or authored a particular provision, parts of or the entirety of
this Agreement.

    

    17.        Severability.  In
the event that any provision or provisions of this Agreement is held to be
invalid i1leg,al or unenforceable by any court of law or otherwise, the
remaining provisions of this Agreement shall nevertheless continue to be valid,
legal and enforceable as though the invalid or unenforceable parts had not been
included therein. In addition, in such event the parties hereto shall negotiate
in good faith to modify this Agreement no as to effect the original intent of
the parties as closely as possible with respect to those provisions which were
held to be invalid, illegal or unenforceable.

    

    IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement
effective as of the date first above written.

     

    

     

    
      	 	      
                  COMPANY:

               

              Buckeye
      Ventures, Inc.

               

              By:          /s/ Alan J.
      Mintz                      
                  
      

              Name:    Alan
      J. Mintz

              Title:      President

               

              

                  EMPLOYEE:

              

              By:          /s/ Larry
      Weinstein                               
      

              Name: 
         Larry
Weinstein
 

    

     

     

    6buckeye_sb2a1-ex1019.htm

    Exhibit 10.19

     

    
      EMPLOYMENT
AGREEMENT

       

      This
Employment Agreement dated as of September , 2005 (this "Agreement") is entered
into by and between Buckeye Ventures, Inc. ("BVI"), a Nevada corporation, and
James Papasodero (the "Employee").

       

      WHEREAS,
BVI has this date acquired all of the stock of Heating & Air Services, Inc.
(f/k/a HAC Acquisition Corp.) and intends to operate Heating & Services,
Inc. ("the Company") as a wholly owned subsidiary of BVI; and

       

      WHEREAS,
the Employee has served as an employee of the Company pursuant to an Employment
Agreement dated as of November 6, 2001 and a Non-Competition and Confidentiality
Agreement of the same date (collectively the "Company Agreements");
and

       

      WHEREAS,
BVI intends in the near future to merge with and into World Wide Motion Pictures
Corp. (the "WWMPC Merger") whose shares are publicly traded, so that following
the merger, all of the common capital stock of BVI shall become publicly traded
(the "publicly traded stock");

       

      NOW,
THEREFORE, in consideration of the above recitals and mutual promises contained
herein, the parties agree as follows:

       

      1. 
Employment. The
parties agree that they have terminated the Company Agreements and that
the Company has agreed to employ the Employee and the Employee hereby accepts
employment with the Company upon the terms and subject to the conditions set
forth herein. Upon request of BVI, Employee will enter into a separate
employment agreement with the Company on the relevant terms and conditions
hereof without terminating this Agreement (among other things because this
Agreement involves the issuance of the publicly traded stock).

       

      2.   Duties and Responsibilities.
The Employee shall initially be employed as a General Manager
of the Company and shall perform the services and functions relating to such
position or otherwise reasonably incident to such position. The Employee shall
be subject to the direction of the President of BVI and the General Manager of
RVI who is in charge of multiple locations of other home service companies
operated by BVI. The Employee will devote his best efforts and his time and
attention to the performance of his duties, except for paid time off and
reasonable absences due to injury or illness as permitted by Company's general
policies. The employment relationship between the parties shall be governed by
the general employment policies and practices of the Company, except that when
the terms of this Agreement differ from or are in conflict with the Company's
general employment policies or practices, this Agreement shall
control.

       

      3. Compensation and Other
Employee Benefits. As compensation for his services
under the terms of this Agreement:

       

      
        	
                 
      

              	
                (a)

              	
                The
      Employee shall be paid an annual salary of 5125,000 payable in accordance
      with the then-current payroll policies of the Company, but no less
      frequently than biweekly (such annual salary is herein referred to as the
      "Base Salary").

              

      

       

      
        	
                 
      

              	
                (b)

              	
                The
      Employee shall be paid additional compensation (the "Additional
      Compensation") as follows:

              

      

       

      
        	
                 
      

              	
                (i)   
      Upon the effective date of the WWMPC Merger, BVI shall award Employee with
      150,000 shares of the publicly traded stock not subject to restrictions or
      vesting of any kind except for restrictions under SEC
  Rule

              

      

       

      
        
           

        

        
          1

          
            

          

        

        
           

        

      

       

      144
("Rule 144 Stock"); BVI shall issue Employee a W-2 for such shares showing an
estimated value of 20 cents per share subject to a 40% discount for lack of
liquidity and lack of control, and Employee will make a Section 83(b) election
consistent therewith;

       

      
        	
              	
                 
      

              	
                (ii) 
      Also within 30 days of the end of each fiscal quarter and within 60 days
      within the end of each fiscal year during the term of this Agreement, B V1
      shall award Employee with shares of Rule 144 Stock on the following terms
      and conditions ("Stock Award
Shares"):

              

      

       

      (A) At
Employee's option, exercised by written notice, Employee shall be entitled to
receive $5,000 in either cash or the equivalent value in Rule 144 Stock (at the
mean of the bid and offered price on the business day immediately following the
end of the applicable fiscal year quarter) for each fiscal  year
quarter where "pre-tax net profit" (defined below) for such quarter, not subject
to adjustment, exceed 7% ("Quarterly Bonus").

       

      (B)  In
addition, if the Company does not exceed 9.9% pre-tax net profit for fiscal year
end 2006, but does not show an operating loss, the Employee shall receive 50,000
shares of Rule 144 Stock ("2006 Annual Profit Bonus").

       

      (C)  In
addition, if the Company does not exceed 9.9% pre-tax net profit for fiscal year
end 2007, but does not show an operating loss, the Employee shall receive 50,000
shares of Rule 144 Stock ("2007 Annual Profit Bonus").

       

      (D)  In
addition, if the Company exceeds 9.9% pre-tax net profit for the end of its 2006
fiscal year, at BVI's option, the Employee shall receive $75,000 in cash or
shares of Rule 144 Stock equal to $75,000 (calculated as the average of the mean
of the bid and offered price on the first four business days immediately
following the end of the fiscal year) ("2006 Extra Profit Bonus").

       

      (E)  In
addition, if the Company exceeds 9.9% pre-tax net profit for the end of its 2007
fiscal year, at the Company's option, the Employee shall receive $75,000 in cash
or shares of Rule 144 Stock equal to $75,000 (calculated as the average of the
mean of the bid and offered price on the first four business days immediately
following the end of the fiscal year) ("2007 Extra Profit Bonus").

       

      (F)  For
purposes of this Agreement, "pre-tax net profit" shall mean the net profit of
the Company before taxes, interest on any intercompany or institutional debt,
and depreciation, calculated in accordance with generally accepted accounting
principles, and consistent with the calculation of such net profit for the three
fiscal years ended prior to the WWMPC Merger.

       

      (G)
Furthermore, if the Term (as defined below) expires without renewal or extension
of the Agreement, all Additional Compensation that Employee has earned prior to
the Expiration Date (as defined below) shall be paid to the Employee on the
dates he would have received such payments if his employment had been
extended.

       

      (H)
Notwithstanding anything to be construed to the contrary herein, all Stock Award
Shares shall be subject to increase or decrease or conversion into other
securities in proportion to increases or decreases or conversion to or of the
publicly traded stock as a result of corporate reorganization, merger, stock
split or reduction, and the like.

       

      
        	
              	
                 
      

              	
                (iii) 
      Company paid vehicle that is equivalent to or better than a 2005 Ford
      FI50, FX4, 4-door, pick-up truck ("Company Vehicle") to he used primarily
      for business.

              

      

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

       

      (c)  
Subject
to the right of BVI to amend or terminate any employee and/or group benefit
and/or stock option plan or program (collectively "Benefit Plans"), and to the
terms and conditions of such Benefit Plans, provided that such amendments,
terminations, terms and conditions are consistent with this Agreement, the
Employee shall be entitled to receive the following employee
benefits:

       

      
         
(i)     
The Employee shall have the right to participate in such medical and
dental plans (including, without limitation, disability, accident, medical, life
insurance and hospitalization plans which are normal and customary) as are
maintained by BVI and are available to the persons who are in charge of its
operating companies, be they entitled general managers, location managers,
presidents or whatever ("Location Managers");

      

       

      
        (ii)  
The
Employee shall have the right to participate in all stock option plans as are
maintained by BVI and are available to its Location Managers, all in accordance
with BVI's regular practices with respect to such persons;

      

       

      
        (iii) 
The
Employee shall be entitled to reimbursement from the Company for reasonable,
business-related out-of-pocket expenses incurred by him in the course of the
performance of his duties hereunder, upon the submission of reasonable
documentation in accordance with Company's practices and policies;
and

      

       

      
        (iv)
The
Employee shall be entitled to paid time off and holiday pay in accordance with
the policies applicable to BVI's Location Managers.

      

       

      
        (v)  
For
purposes of this Agreement, the employee and/or group benefit and/or stock
option plans and programs of BVI may include such plans and programs of BVI, to
the extent applicable to its Location Managers in accordance with BVI's regular
practices with respect to such employees of its subsidiaries.

      

       

      
        (vi) 
In the event that Employee has a less advantageous or lower level or scope of
benefits in the Benefit Plans in which he participates compared to the level or
scope afforded to any other Location Manager, BVI agrees to negotiate in good
faith with the Employee reasonable improvements in such level and scope or other
ways in which 13VI and/or the Company may make tip the
difference.

      

       

      4.  Term.
Subject to earlier termination as provided in this Agreement, the term of the
Employee's
employment under this Agreement shall be for a term commencing on the date of
this Agreement and ending on December 31, 2007 ("Expiration Date"), subject to
extension thereafter by mutual agreement of BVI and the Employee. The period
commencing on the date of this Agreement and expiring on the Expiration Date
(including any extension of such date) is referred to herein as the
"Term."

       

      5.  Competition and
Confidentiality.

       

      
        (a)  
During the period the Employee is employed by the Employer and for a period of
two (2) years after the Employee ceases to be employed by the Employer for any
reason other than Constructive Termination (defined below) the Employee shall
not:

      

       

       

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                (i)

              	
                Directly
      or indirectly accept employment with, or render any service to or on
      behalf of, any person, firm or corporation that is engaged in a business
      competitive with the plumbing, heating, ventilating, air conditioning
      business or any related business (a "Competitive Business") anywhere
      within a fifty (50) mile radius of the principal office of the Company at
      the date of termination of this Agreement (the
    "Territory");

              

      

       

      
        	
                 
      

              	
                (ii)

              	
                Directly
      or indirectly own, manage, operate, finance or control or participate in
      the ownership, management, operation, financing or control of, or be
      connected as a principal, agent, representative, consultant, advisor,
      investor, owner, partner, financier, manager or joint venturer with, or
      permit his name to be used by or in connection with, any Competitive
      Business anywhere in the Territory (provided, however,
      that the Employee may (A) invest as an investor In the voting
      securities of any person that is a reporting company under the Securities
      Exchange Act of 1934, as amended, so long as (1) the aggregate amount of
      such securities that the Employee owns directly or indirectly is less than
      two percent (2%) of the total outstanding voting securities of such
      person, and (2) the Employee has no other affiliation with such person,
      and (B) own shares of stock of BVI;

              

      

       

      
        
          
            	
                  	
                                                        
      (iii) 

                  	
                    Contact,
      deal with or in any way solicit any person or entity that at any time
      during the period of three (3) years before the date of the Employee's
      termination was a customer of the Company or any other subsidiary of BVI
      with which the Employee had contact while in the employ of the Company or
      which was a customer of the Company in an effort to cause or induce such
      person or entity to purchase or otherwise obtain the benefit or use of any
      products or services provided by the Company or such other
      subsidiary or BVI;
or

                  

          

        

      

       

      
        
          	
                	
                                                     
      (iv)

                	
                  Solicit
      the employment of any person who, within one (1) year before or after the
      date of the Employee's termination, is employed by the Company on a full
      or part-time basis.

                

        

      

       

      Notwithstanding
the foregoing, the term "Competitive Business" shall include in any event any
business that the Employee knows is conducted in any material respect in the
Territory by the Company. The Employee acknowledges that the Company will have a
business location at the date hereof in West Bridgewater, Massachusetts. The
Employee further acknowledges and agrees that the Company currently provides, or
has or will have the ability to provide, either currently or during the twelve
months after the date of this
Agreement, goods and services to customers within the Territory. Notwithstanding Section 5(a)(i) above or to the extent
applicable solely as a result of being an employee Section
5(a)(ii) above, BVI and the Employee agree that Employee may accept
employment with and render services for a regional or national company or its
affiliates which have operations within the Territory so long as the Employee
does not directly or indirectly provide any services that are the same as the
services that the Employee has been providing for the Company pursuant hereto
for the benefit of or with respect to any existing or potential business doing
business anywhere within the Territory.

       

      (b)   It is the desire and
intent of each of the parties that the provisions of Section 5(a)
of this Agreement shall be enforced to the fullest extent permissible
under applicable law. Accordingly, if any particular portion of Section
5(a) shall be adjudicated to be invalid or unenforceable, Section
5(a) shall be deemed

       

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      amended
to (i) reform the particular portion to provide for such maximum restrictions as
will be valid and enforceable, or if that is not possible, then (ii) delete
therefrom the portion thus adjudicated to be invalid or
unenforceable.

       

      
        	
                 
      

              	
                (c)

              	
                During
      the period during which the Employee is employed by the Company and
      thereafter (regardless of the reason for termination of employment), the
      Employee will not divulge or appropriate to his own use or to the use of
      others any secret, confidential or proprietary information pertaining to
      the business of, or acquired from the Company (including, without
      limitation, trade secrets, business strategies. or plans, pricing,
      acquisition target lists, customer lists and marketing methods, plans or
      strategies) obtained by the Employee as a consequence of his affiliation,
      agreements or position with the Company. For purposes of this Agreement,
      the term secret, proprietary or confidential information does not include
      any information that (i) is or becomes generally available to and known by
      the public (other than as a result of an unpermitted disclosure directly
      or indirectly by the Employee), or (ii) is required to be disclosed by
      legal or administrative process or stock exchange
  rule.

              

      

       

      
        	
                 
      

              	
                (d)

              	
                The
      Employee acknowledges that Section 5(a)
      and Section 5(c)
      of this Agreement are expressly t'or the benefit of the Employer,
      that the Employer would be irreparably injured by a violation of Section 5(a) or
      Section 5(c).
      and that the Employer would have no adequate remedy at law in the
      event of such violation. Therefore, the Employee acknowledges and agrees
      that, in addition to any other remedies available, injunctive relief,
      specific performance or any other appropriate equitable remedy (without
      any
      bond or other security being required) are appropriate remedies to
      enforce compliance with Section 5(a)
      and Section
      5(c).

              

      

       

      (e)  
The provisions of this Section 5 shall
continue in effect, notwithstanding the expiration
of the Term or any other termination of this Agreement, except as
otherwise provided herein.

       

      6. Termination of
Employment

       

      
        (a)  
For Due Cause.
Nothing herein shall prevent 13VI from terminating, without prior notice, the
Employee for "Due Cause"
(as hereinafter defined); in which event the Employee shall be entitled
to receive his Base Salary on a pro rata basis to the date of termination, but
not any Additional Compensation that may be due the Employee except for any such
Additional Compensation that the Employee earned prior to the event constituting
Due Cause that BVI or the Company has failed to pay or deliver to the Employee.
In the event of such termination for Due Cause, all other rights and benefits
the Employee may have under the Benefit Plans shall be determined in accordance
with the terms and conditions of such Plans.
The term "Due Cause" shall mean (i) the Employee has (A) committed a
willful serious act, such as fraud, embezzlement or theft, (B) committed any
willful act against the Employer intending to enrich himself at the expense of
the Employer, or (C) made an unauthorized use or disclosure of secret or
confidential information pertaining to the business of the Employer, (ii) the
Employee has been convicted of a felony or commits an act constituting a felony,
(iii) the Employee has engaged in conduct which has caused demonstrable and
serious injury, monetary or otherwise, to the Employer, (iv) the Employee, in
carrying out his duties hereunder, has been guilty of gross negligence or
willful misconduct that has

      

       

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      resulted
in a material detriment to the Employer and such conduct continues after written
notice has been given by the Employer to the Employee. (v) the Employee has
violated in any material way any of the Employer's rules, policies or procedures
that are not inconsistent herewith, or (vi) the Employee has otherwise
materially breached this Agreement (including, without limitation, any failure
to perform the duties assigned to him in accordance with this Agreement) and,
with respect to clauses (v) and (vi) hereof, has not remedied such breach within
five days after receipt of written notice from BVI specifying in reasonable
detail the nature of the violation or breach.

       

      
        	
                                   
      (b)

              	
                Due to Death.
      In the event of the death of the Employee. this Agreement shall
      terminate on the date of death and the estate of the Employee shall be
      entitled to receive the Employee's Base Salary and any Additional
      Compensation that has been earned by the Employee but not yet paid, (on a
      pro rata basis calculated and paid as if there was a Constructive
      Termination as defined below) through the end of the month in which he
      died. In the event of such termination due to death, all other rights and
      benefits the Employee (or his estate) may have under the Benefit Plans
      shall be determined in accordance with the terms and conditions of such
      Plans.

              

      

       

      
        	
                                   
      (c)

              	
                Disability. In
      the event the Employee suffers a "Disability" (as hereinafter defined),
      this Agreement shall terminate on the date on which the Disability occurs
      and the Employee shall be entitled to receive his Base Salary and any
      Additional Compensation that has been earned by the Employee but not yet
      paid, (on a pro rata basis calculated and paid as if there was a
      Constructive Termination as defined below) through the end of the month in
      which his employment is terminated due to the Disability. In the event of
      such termination due to Disability, all other rights and benefits the
      Employee may have under the Benefit Plans shall be determined in
      accordance with the terms and conditions of such Plans. For purposes of
      this Agreement, "Disability" shall mean the inability or incapacity (by
      reason of a medically determinable physical or mental impairment) of the
      Employee to perform the duties and responsibilities related to the job or
      position with the Employer described in Section 2 of
      this Agreement for a period that lasts more than 180 days. Such inability
      or incapacity shall be documented to the reasonable satisfaction of the
      Employer by appropriate correspondence from registered physicians
      reasonably satisfactory to the Employer, and the Employee agrees to submit
      to an examination by the Employer's physicians for the purpose of making
      such determination.

              

      

       

      
        	
                                   
      (d)

              	
                Voluntary
      Termination. The Employee may voluntarily terminate his employment
      under this Agreement at any time by providing at least thirty days' prior
      written notice to the Employer. In such event, the Employee shall be
      entitled to receive his Base Salary until the date his employment
      terminates and any Additional Compensation that has been earned by the
      Employee but not yet paid and all other benefits the Employee may have
      under the Benefit Plans shall he determined in accordance with the terms
      and conditions of such Plans. The Additional Compensation shall be
      calculated on a pro rated basis, based on the number of months of his
      employment during the fiscal year from the beginning of the month in which
      his termination is effective if such date is prior to the 15th
      of the month and through the end of the month in which his termination is
      effective if such date is from the 15th
      to the end of the month. Such Additional Compensation shall be paid when
      due hereunder as if the

              

      

       

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

      employment
had not been terminated. For example, if the effective date of termination was
April 15, 2007, and pre-tax net profits for the first fiscal quarter of 2007
exceeded 7% and for the full fiscal year of 2007 exceeded 9.9%, the Additional
Compensation to which the Employee would be entitled would be one-third (4 out
of 12 months) of the Quarterly Profit Bonus for the first quarter of 2007;
one-third of the 2007 Annual Profit Bonus and one-third of the 2007 Extra Profit
Bonus. The Employee would receive such Additional Compensation in accordance
with Section 3(b)(ii) hereof.

       

                         
(e)   Constructive Termination
Prior to Expiration of Term.

       

                                
(i)    If, prior to the expiration of the Term, BVI directly or
indirectly:

       

      
        	
                 
      

              	
                A)

              	
                terminates
      the employment of the Employee other than (1) for Due Cause, (2) as a
      result of the death of the Employee or (3) because of a
      Disability;

              

      

       

      
        	
                 
      

              	
                B)

              	
                decreases
      the Employee's Base Salary below the level provided for by the terms of
      Section
      3(a) of this Agreement or materially reduces the employee benefits
      below the level provided for by the terms of Section 3(c) of
      this Agreement (other than as a result of any amendment or termination of
      any employee and/or group benefit and/or stock option plan, which
      amendment or termination is applicable to all executive exempt employees
      of BVI, as the case may be, eligible to participate in such plan prior to
      its termination);

              

      

       

      
        	
                 
      

              	
                C)

              	
                materially
      breaches any payment provision of this Agreement and such breach is not
      cured by BVI within five (5) days after receipt of written notice from the
      Employee specifying in reasonable detail the nature of such breach or
      materially breaches any other provision of this Agreement and such breach
      is not cured by BVI within thirty (30) days after receipt of written
      notice from the Employee specifying in reasonable detail the nature of
      such breach; or

              

      

       

      
        	
                 
      

              	
                D)

              	
                moves
      the principal office of the Company to a location that is not within a
      fifty (50) mile radius of West Bridgewater, Massachusetts;
    or

              

      

       

      
        	
                 
      

              	
                E)            
      fails to effect the WWMPC Merger or imposes restrictions on the Stock
      Award Shares;

              

      

       

      then such
action by BVI, unless consented to in writing by the Employee, shall be deemed
to be a constructive termination by the Company of the Employee's employment
("Constructive Termination");

       

                             
(ii)  In the event of a Constructive Termination:

       

      
        	
                 
      

              	
                A)           
      the Employee may terminate his employment without being in breach hereof,
      and the Company and BVI shall pay the Employee within thirty (30) days
      after the date the effective date of
the

              

      

       

       

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

      termination of employment: (w) any
Additional Compensation that has been earned by the Employee
but not yet paid; and (x) the greater of his Base Salary through the
balance of the Term, or 50% of his Base Salary; and (y) an
amount equal to the average monthly cost to the Company of the
Company Vehicle (calculated on the basis of the average cost over
the 3 full months prior to the effective date of termination) times
the number of months (including any part of a month) in the
balance of the Term: and (z) cumulative amounts of the Stock
Award Shares payable under Section 3(h) as if the Employee had
been employed through the balance of the Term. hereof as follows:
(I) if the effective date of termination is within the first quarter
of the fiscal year and there are pretax net profits for such quarter
12,500 shares of Rule 144 Stock; (II) if such termination is
within the second quarter, and there are pretax net profits for such
quarter 25,000 of such shares; (III) if such termination is within the
third quarter, and there are pretax net profits for such quarter,
37,500 such shares; and (IV) if such termination is within the fourth
quarter and there are pretax net profits for the fiscal year, 50,000
such shares; plus (V) if the effective date of termination is within the first
quarter of the fiscal year
and the pretax net profits for such quarter exceed 9.9% without adjustment, at BVI's option
$25,000 in cash or shares of Rule 144 Stock equal to $25,000 (calculated
as the average of the mean of the bid and offered price on the first business
days immediately following the fiscal quarter); (VI) if the effective date of termination is within
the second quarter of the fiscal year and the pretax net profits
for such quarter exceed 9.9% without adjustment, at BVI's option
$37,500 in cash or shares of Rule 144 Stock equal to $37,500 (calculated
as the average of the mean of the bid and offered price on the first business
day immediately following the end of the fiscal quarter); (VII) if the effective date of termination is
within the third quarter of the fiscal year and the pretax net
profits for such quarter exceed 9.9% without adjustment, at BVI's
option $56,250 in cash or shares of Rule 144 Stock equal to $56,250
(calculated as the average of the mean of the bid and offered price on the first
business days immediately following the fiscal quarter);(VIII) if
the effective date of termination
is within the fourth quarter of the fiscal year and the
pretax net profits for such fiscal year exceed 9.9% without adjustment, at BVI's
option $75,000 in cash
or shares of Rule
144 Stock equal to $75,000 (calculated
as the average of the mean of the bid and offered price on the first four
business days immediately following the end of the fiscal year); and (VIII) if
the pretax net profits exceed 7% in any of the quarters prior to the effective
date of termination and in the quarter in which such date occurs, at Employee's
option, $5,000 in cash or the equivalent value in Rule 144 Stock (calculated at
the mean of the bid and offered price on the first business day immediately
following the end of the applicable fiscal year quarter) for all such
quarters.

       

       

      
        
           

        

        
          8

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                B)

              	
                all
      cash amounts and Stock payable pursuant to Section 6(e)(ii) (A) above
      shall be paid on the dates that the Company and BVI would be obligated to
      pay Employee if there had been no Constructive Termination; provided that
      in the event BVI or the Company fails to make any such payment, at any
      time after thirty (30) clays after written notice to the Company and BVI,
      Employee shall have the right to obtain the unpaid amount or stock and
      accelerate all future payments that may become due, thereby requiring
      Company and BVI to make a lump sum payment of such accelerated amount
      within five (5) business days after the date of the acceleration
      notice.

              

      

       

      
        	
                 
      

              	
                C)

              	
                all
      other rights and
      benefits the Employee may have under the Benefit Plans shall be
      determined in accordance with the terms and conditions of such Plans;
      and

              

      

       

      
        	
                 
      

              	
                D)           
      the Employee shall not be subject to Sections 5(a)(i), 5(a)(ii), 5(b),
      5(e) hereof or Section 5(a)(iii) hereof with respect to any prohibition on
      the Employee's contacting or dealing with any customer of the Company or
      any other subsidiary of BVI provided that Employee has not solicited such
      customer for the purpose of causing or inducing such customer to purchase
      of otherwise obtain the benefit or use of any products or services
      provided by the Company or such other subsidiary of
  BVI.

              

      

       

      
        	
              	
                 
      

              	
                (iii) 
      In the event of the death or Disability of the Employee following a
      Constructive Termination, the amounts set forth in Section
      6(e)(ii) of this Agreement shall continue to be owing and shall be
      paid to the estate of the Employee or to the Employee, as
      applicable.

              

      

       

      
        	
                 
      

              	
                (iv)
      The Employer agrees that, in the event of a Constructive Termination, the
      Employee shall not be required to seek other employment or to attempt in
      any way to reduce any amount payable to the Employee by the
      Employer pursuant to this Agreement, and that any amounts due to the
      Employee hereunder shall not he reduced by any compensation earned by the
      Employee as a result of employment by another employer or by any
      retirement benefits paid to the
Employee.

              

      

       

      (f) 
Notwithstanding anything that may be construed to the contrary herein, upon
termination of this Agreement for any reason, any unpaid obligations of BVI that
have not been paid prior to the effective date of termination shall be paid upon
such date unless this Agreement expressly provides otherwise, and such
obligations shall survive the termination of this Agreement.

       

      7. Withholding. All
payments and benefits under this Agreement for which withholding is required
under applicable law will be made subject to the required
withholding.

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

       

      8. Notices. All
notices, requests, demands and other communications given 9 under or
by reason of this Agreement shall be in writing and shall be deemed given when
delivered in person or when received if mailed by certified mail (return receipt
requested), postage prepaid, addressed as follows (or to such other address as a
party may specify by notice pursuant to this provision):

       

      
        	 	
                (a)

              	
                If
      to the Employer, addressed to it at:

              
	 	 
      	
                Buckeye
      Ventures, Inc.

              
	 	 
      	
                1040
      West Wind Way

              
	 	 
      	
                Newport
      Beach, CA 92660

              
	 	 
      	
                Attn:
      President

              
	 	 
      	
                with a copy to its Legal
      Department

              
	 	 	 
	 	
                (b)

              	
                If
      to the Employee, addressed to him at:  James
      Papasodero

              
	 	 
      	
                35
      Cornerstone Drive

              
	 	 
      	
                North
      Easton, MA 02356

              
	 	 	 
	 	 
      	
                with
      a copy to:

              
	 	 
      	
                Anthony
      D. Martin, Esq.

              
	 	 
      	
                Duane
      Morris LLP

              
	 	 
      	
                470
      Atlantic Avenue, Suite 500

              
	 	 
      	
                Boston,
      MA 02210

              

      

       

      9.  Controlling Law. The
execution, validity, interpretation and performance of
this Agreement shall be
governed by and construed in accordance with the internal laws (and not the conflicts of law provisions) of the Commonwealth of
Massachusetts.

       

      10.  Additional
Instruments. The Employee and the Employer shall execute and deliver any
and all additional instruments and agreements that may be necessary or proper to
carry out the purposes of this Agreement.

       

      11.  Entire Agreement:
Amendments: Waivers. This Agreement contains the entire agreement of the
Employee and the Employer relating to the matters contained herein and
supersedes all prior agreements and understandings, oral or written, between the Employee and the
Employer with respect to the subject matter hereof. This Agreement may be
amended, modified or supplemented, but only in writing signed by each of the
parties hereto. Any term of this Agreement may be waived only with the written
consent of the party sought to be bound, and the waiver by either party to this
Agreement of a breach of any provision of the Agreement by the other
party shall not operate or be construed as a waiver by such party of any
subsequent breach by such other party.

       

      12.  Reformation and
Severability. In case any provision of this Agreement shall be invalid,
illegal or unenforceable, it shall, to the extent possible, be modified in such
manner as to be valid,
legal and enforceable but so as to most nearly retain the intent of the
parties, and if such modification is not possible, such provision shall he
severed from this Agreement, and in either case the validity, legality and
enforceability of the remaining provisions of this Agreement shall not in any
way be affected or impaired thereby.

       

      13. Assignments. The
Employer may assign this Agreement to any affiliate of the Employer or any
person or entity succeeding to
all or substantially all of the business interests of BVI or the Employer
by merger or otherwise. The rights and obligations of the Employee under this
Agreement are personal to him, and no such rights, benefits or obligations shall
be subject to voluntary or involuntary alienation, assignment or transfer,
except as otherwise contemplated hereby.

       

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      
 

      14. Effect of Agreement.
Subject to the provisions of Section 13 of this
Agreement with respect to assignments, this Agreement shall be binding upon the
Employee and his heirs, executors, administrators, legal representatives and
assigns and upon the Employer and its respective successors and assigns, except
as otherwise contemplated hereby.

       

      15. Exercise of Rights and
Remedies. No delay of or omission in the exercise of any right, power or
remedy accruing to any party as a result of any breach or default by any other
party under this Agreement shall impair any such right, power or remedy, nor
shall it be construed as a waiver of or acquiescence in any such breach or
default, or of any similar breach or default occurring later.

       

      16. Attorneys'
Fees. If any legal proceeding is necessary to enforce or interpret the terms of
this Agreement, or to recover damages for breach hereof, the prevailing party
shall be entitled to reasonable attorneys' fees, as well as costs and
disbursements, in addition to any other relief to which he or it may be
entitled.

       

      17. WAIVER
OF JURY TRIAL. TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES HEREBY
IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY 1N ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING 1'0 THIS AGREEMENT OR THE RELATIONSHIP CONTEMPLATED
HEREBY.

       

      18. 
Execution. This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original and all of which together shall constitute but
one and the same instrument.

       

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

       

       

      
        
          	
                  Buckeye
      Ventures, Inc.

                	 
      	
                  Employee:

                	 
	 
      	 
      	 
      	 
	 
      	 
      	 
      	 
	
                  /s/
      Alan Mintz

                	 
      	 /s/
      James Papasodero	 
	 Alan
      Mintz, President	 	 James
      papasodero	 

        

      

    

     

     

     

     

    11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00136-of-00352.parquet"}]]