Document:

Exhibit
      10.2

     

    

    ANNUAL
      REVIEW AGREEMENT

    

    THIS
      ANNUAL REVIEW AGREEMENT
      (the
      "Agreement") is entered into on June _____, 2007 by and between Peter J.
      Prygelski (the "Employee") and 21st
      Century
      Holding Company, a Florida corporation (the "Company").

    

    The
      Company agrees to review the Employee’s performance on an annual basis and based
      on the conclusions of such review and the Company’s overall performance, the
      Employee may be entitled to a salary increase of up to five percent (5%) over
      the previous year.

    

    This
      agreement shall be binding upon and inure to the benefit of the parties, their
      successors, assigns, and personal representatives.

    

    IN
      WITNESS WHEREOF,
      this
      Agreement has been duly signed by the parties hereto on the day and year first
      above written.

    

    
      	 	 	 
	 	21ST
              CENTURY
              HOLDING COMPANY
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name: Edward
              J. Lawson
	 	Title: Chief
              Executive Officer
	 	 
	 	 
	 	
            
	 	
              
                
Peter
                J. Prygelski,
                EMPLOYEEExhibit
      10.3

    

    NON-COMPETE
      AGREEMENT

    

    THIS
      NON-COMPETE AGREEMENT (the "Agreement") is entered into on June ____, 2007
      by
      and between Peter J. Prygelski (the "Employee") and 21st
      Century
      Holding Company, a Florida corporation (the "Company").

    

    WITNESSETH:

    

    WHEREAS,
      the Employee is employed by the Company and the Employee and the Company,
      intending to be legally bound hereby and in consideration of the promises
      contained herein, do hereby agree as follows:

    

    1. Non-Competition.
      During
      the Term and for a period of two
      (2)
      year(s)
      following the termination (other than without Cause) of the Employee’s
      employment by the Company, Employee shall not, directly or indirectly engage
      in
      or have any interest in, directly or indirectly, any sole proprietorship,
      partnership, corporation, business or any other person or entity (whether as
      an
      employee, officer, director, partner, agent, security holder, creditor,
      consultant or otherwise) that, directly or indirectly, engages primarily in
      the
      development, marketing, distribution, underwriting or sale of products and
      services competitive with the Company’s and/or any subsidiary’s products and
      services in any and all states in which the Company and/or any subsidiary
      conducts its business during the Term or at the time Executive’s employment with
      the Company is terminated (the “Territory”); provided, however, that Employee
      may hold Company securities and/or acquire, solely as an investment, shares
      of
      capital stock or other equity securities of any such company, so long as
      Employee does not control acquire a controlling interest in or become a member
      of a group which exercises direct or indirect control of, more than five percent
      of any class of capital stock of such corporation.

    

    2. Nondisclosure.
      During
      the Term and following termination of the Employee’s employment with the
      Company, Employee shall not divulge, communicate, use to the detriment of the
      Company or for the benefit of any other person or persons, or misuse in any
      way,
      any Confidential Information (as hereinafter defined) pertaining to the business
      of the Company. Any Confidential Information or data now or hereafter acquired
      by the Executive with respect to the business of the Company (which shall
      include, but not be limited to, information concerning the Company’s financial
      condition, prospects, technology, customers, methods of doing business and
      marketing, distribution, underwriting or sale of the Company’s products and
      services) shall be deemed a valuable, special and unique asset of the Company
      that is received by the Employee in confidence and as a fiduciary. For purposes
      of this Agreement “Confidential Information” means information disclosed to the
      Employee or known by the Employee as a consequence of or through his employment
      by the Company (including information conceived, originated, discovered or
      developed by the Employee) prior to or after the date hereof and not generally
      known or in the public domain, about the Company or its business.
      Notwithstanding the foregoing, nothing herein shall be deemed to restrict the
      Employee from disclosing Confidential Information to the extent required by
      law.

    

    3. Nonsolicitation
      of Employees.
      During
      the Term and for a period of two
      (2)
      year(s)
      following termination of the Employee’s employment with the Company, Employee
      shall not directly or indirectly, for himself or for any other person, firm,
      corporation, partnership, association or other entity, attempt to employ or
      enter into any contractual arrangement with any employee or former employee
      of
      the Company, unless such employee or former employee has not been employed
      by
      the Company for a period in excess of six months.

    

    4. Books
      and Records.
      All
      books, records, accounts and similar repositories of Confidential Information
      of
      the Company, whether prepared by the Employee or otherwise coming into the
      Executive’s possession, shall be the exclusive property of the Company and shall
      be returned immediately to the Company on termination of this Agree-ment or
      on
      the Board’s request at any time.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5. Injunction.
      It is
      recognized and hereby acknowledged by the parties hereto that a breach by the
      Employee of any of the covenants contained in this Agreement will cause
      irreparable harm and damage to the Company, the monetary amount of which may
      be
      virtually impossible to ascertain. As a result, the Employee recognizes and
      hereby acknowledges that the Company shall be entitled to an injunction from
      any
      court of competent jurisdiction enjoining and restraining any violation of
      any
      or all of the covenants contained in this Agreement by the Employee or any
      of
      his affiliates, associates, partners or agents, either directly or indirectly,
      and that such right to injunction shall be cumulative and in addition to
      whatever other remedies the Company may possess.

    

    6. Binding
      Effect.
      Except
      as herein otherwise provided, this Agreement shall inure to the benefit of
      and
      shall be binding upon the parties hereto, their personal representatives,
      successors, heirs and assigns.

    

    7. Terminology.
      All
      personal pronouns used in this Agreement, whether used in the masculine,
      feminine or neuter gender, shall include all other genders; the singular shall
      include the plural and vice versa. Titles of Paragraphs are for convenience
      only, and neither limit nor amplify the provisions of the Agreement
      itself.

    

    8. Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties hereto with
      respect to the subject matter hereof. It supersedes all prior negotiations,
      letters and understandings relating to the subject matter hereof.

    

    9. Amendment.
      This
      Agreement may not be amended, supplemented or modified in whole or in part
      except by an instrument in writing signed by the party or parties against whom
      enforcement of any such amendment, supplement or modification is
      sought.

    

    10. Choice
      of Law.
      This
      Agreement will be interpreted, construed and enforced in accordance with the
      laws of the State of Florida, without giving effect to the application of the
      principles pertaining to conflicts of laws.

    

    11. Effect
      of Waiver.
      The
      failure of any party at any time or times to require performance of any
      provision of this Agreement will in no manner affect the right to enforce the
      same. The waiver by any party of any breach of any provision of this Agreement
      will not be construed to be a waiver by any such party of any succeeding breach
      of that provision or a waiver by such party of any breach of any other
      provision.

    

    12. Severability.
      The
      invalidity, illegality or unenforceability of any provision or provisions of
      this Agreement will not affect any other provision of this Agreement, which
      will
      remain in full force and effect, nor will the invalidity, illegality or
      unenforceability of a portion of any provision of this Agreement affect the
      balance of such provision. In the event that any one or more of the provisions
      contained in this Agreement or any portion thereof shall for any reason be
      held
      to be invalid, illegal or unenforceable in any respect, this Agreement shall
      be
      reformed, construed and enforced as if such invalid, illegal or unenforceable
      provision had never been contained herein.

    

    13. Enforcement.
      Should
      it become necessary for any party to institute legal action to enforce the
      terms
      and conditions of this Agreement, the successful party will be awarded
      reasonable attorneys' fees at all trial and appellate levels, expenses and
      costs. Any suit, action or proceeding with respect to this Agreement shall
      be
      brought in the courts of Broward County in the State of Florida or in the U.S.
      District Court for the Southern District of Florida. The parties hereto hereby
      accept the exclusive jurisdiction of those courts for the purpose of any such
      suit, action or proceeding.

    

    Venue
      for
      any such action, in addition to any other venue permitted by statute, will
      be
      Broward County, Florida. The parties hereto hereby irrevocably waive, to the
      fullest extent permitted by law, any objection that any of them may now or
      hereafter have to the laying of venue of any suit, action or proceeding arising
      out of or relating to this Agreement or any judgment entered by any court in
      respect thereof brought in Broward County, Florida, and hereby further
      irrevocably waive any claim that any suit, action or proceeding brought in
      Broward County, Florida, has been brought in an inconvenient forum.

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    The
      parties hereto acknowledge and agree that any party's remedy at law for a breach
      or threatened breach of any of the provisions of this Agreement would be
      inadequate and such breach or threatened breach shall be per se deemed as
      causing irreparable harm to such party. Therefore, in the event of such breach
      or threatened breach, the parties hereto agree that, in addition to any
      available remedy at law, including but not limited to monetary damages, an
      aggrieved party, without posting any bond, shall be entitled to obtain, and
      the
      offending party agrees not to oppose the aggrieved party's request for,
      equitable relief in the form of specific enforcement, temporary restraining
      order, temporary or permanent injunction, or any other equitable remedy that
      may
      then be available to the aggrieved party.

    

    14. Binding
      Nature.
      This
      Agreement will be binding upon and will inure to the benefit of any successor
      or
      successors of the parties hereto.

    

    15. Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which will be
      deemed an original.

    

    16. Notice.
      Any
      notice required or permitted to be delivered hereunder shall be deemed to be
      delivered when sent by facsimile with receipt confirmed or when deposited in
      the
      United States mail, postage prepaid, registered or certified mail, return
      receipt requested, or by overnight courier, addressed to the parties at the
      addresses first stated herein, or to such other address as either party hereto
      shall from time to time designate to the other party by notice in writing as
      provided herein.

    

    IN
      WITNESS WHEREOF, this Agreement has been duly signed by the parties hereto
      on
      the day and year first above written.

    

    
      	 	 	 
	 	21ST
              CENTURY HOLDING COMPANY
	 
 	 
 	 
 
	 	By:  	 
	 	
              
Name: Edward
              J. Lawson
	 	Title: Chief
              Executive Officer
	 	 
	 	 
	 	 
	 	
              
                
Peter
                J. Prygelski,
                EMPLOYEE

            

    

     

     

    
      
         

      

      
        3

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