Document:

Consulting Agreement

 Exhibit 10.3 
 CONSULTING AGREEMENT BETWEEN 
 WOLVERINE TUBE, INC. AND KEITH WEIL

 This CONSULTING AGREEMENT (this “Agreement”), effective as of this the 19th day of February, 2007, is by and between
Wolverine Tube, Inc., a Delaware corporation (“Wolverine”) and Keith Weil (“Weil”), and controls the terms of the consulting arrangement between the two parties and their respective rights and obligations to each other.

 RECITALS 
 WHEREAS,
Weil currently serves as an executive officer of Wolverine; and 
 WHEREAS, on February 15, 2007 Plainfield Special Situations Master
Fund Limited and The Alpine Group, Inc., acquired at least fifteen percent (15%) of the voting power of the stock of Wolverine (the “Transaction”); and 
 WHEREAS, simultaneous with the execution of this Agreement, Weil shall enter into a Stay Pay and Separation Agreement with Wolverine (the “Stay Pay and Separation Agreement”); and 
 WHEREAS, among Weil’s other duties with Wolverine, Weil is heavily involved with the development of relationships with numerous potential and
existing strategic relationships and other key customer relationships, and the maintenance and furtherance of these relationships are vital to the continued success and sustainability of Wolverine; and 
 WHEREAS, Wolverine has determined that it is in the best interest of Wolverine and its shareholders to assure both that Wolverine will have the continued
services of Weil for a reasonable transition period following the Transaction, and that Weil’s talents and intimate knowledge of the tube design and manufacturing industry and of Wolverine’s operations and business will not be utilized in
the furtherance of any competitor of Wolverine; and 
 WHEREAS, Wolverine desires to engage Weil to provide certain consulting services to
Wolverine for a period of eighteen consecutive (18) months following the termination of his employment relationship with Wolverine, and Weil is willing to provide such consulting services to Wolverine; and 
 WHEREAS, the parties hereto desire to set forth their respective rights and obligations with respect to the consulting arrangement. 
 NOW, THEREFORE, the parties hereto, in consideration of the mutual promises recited herein, agree as follows: 
 1. Consulting Arrangement. 
 (a)
During the Term, Weil shall provide such advisory and consulting services as reasonably requested by Wolverine. Weil’s consulting duties shall include the following specific matters, and any other matters as may be reasonably requested by
Wolverine: (i) advice 

 
and assistance with regard to the transition of the business in connection with the Transaction, (ii) promoting relationships with Wolverine’s
employees, customers and constituents within the business and financial communities, (iii) continuing and developing relationships with domestic and international suppliers and customers, (iv) participating in strategic planning and
helping formulate business plans, (v) assisting in efforts to arrange adequate financing to carry out business plans; and (vi) rendering consulting services to any joint venture, subsidiary or affiliated business of Wolverine. 

(b) The consulting and advisory services described in this Agreement shall be of a type and level commensurate with the consulting and advisory
services customarily provided by senior level executives to public companies. 
 2. Term and Termination. The Term of this Agreement
shall be for a period of eighteen (18) consecutive months commencing on the business day immediately following the termination of Weil’s employment relationship with Wolverine as provided in Section 1(d) of the Stay Pay and Separation
Agreement and ending on the eighteen month anniversary thereof (the “Term”). Notwithstanding the foregoing sentence, in the event Weil’s employment relationship with Wolverine is terminated by Wolverine for “Cause” as
defined in Paragraph 1(d) of the Stay Pay and Separation Agreement, this Consulting Agreement shall become void and of no further force and effect and Weil shall have no obligation to provide the consulting services hereunder and Wolverine shall
have no obligation to pay Weil the Consulting Fee described in Section 3(a) below. After the commencement of the Term, either party may terminate this Agreement and Weil’s services as a consultant hereunder for any reason prior to the
expiration of the Term in which case Wolverine shall have no further obligation to pay Weil the Consulting Fee or reimburse Weil for any expenses incurred thereafter; except that, in the event such termination by Wolverine is for any reason other
than Weil’s failure to comply with the written policies of Wolverine in discharging his duties hereunder, Wolverine shall continue to pay Weil the Consulting Fee described in Section 3(a) below. 
 3. Compensation and Benefits. 
 (a)
During the first six (6) months of the Term, Wolverine shall pay Weil a monthly fee of $37,500.00, and beginning with the seventh month and for the remainder of the Term, Wolverine shall pay Weil a monthly fee of $22,033.33 (the
“Consulting Fee”). The Consulting Fee is payable in advance on the first day of the Term and on the first day of each month thereafter, for a total of eighteen (18) payments. Weil agrees and acknowledges that the aggregate amount of
cash payable pursuant to this Agreement shall not exceed $490,000.00. 
 (b) During the Term, Wolverine shall reimburse Weil for reasonable
business, travel and lodging expenses incurred at the request of Wolverine in connection with the performance of services rendered under this Agreement. Weil shall submit an application for such reimbursement in a form acceptable to Wolverine and
shall provide all backup and supporting documentation. 
 (c) No additional compensation or fee, other than the Consulting Fee or amounts
payable under the Stay Pay and Separation Agreement, shall be payable by Wolverine to Weil by reason of any benefit gained by Wolverine directly or indirectly through Weil’s 

  

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efforts on Wolverine’s behalf, nor shall Wolverine be liable in any way for any additional compensation, fee, expense reimbursement, or any other
amounts unless the parties have expressly agreed thereto in writing. 
 4. Independent Contractor Status. 
 (a) Weil is an independent contractor and is not an agent of Wolverine. Weil shall not represent himself as an agent of Wolverine and may not commit or
obligate Wolverine in any way to other parties. 
 (b) Weil shall have no authority, nor shall he represent himself as having any authority,
to bind Wolverine in any manner whatsoever. 
 (c) Subject to Weil’s compliance with Section 4 of the Stay Pay and Separation
Agreement, Weil shall be free to work for others and himself. 
 (d) Federal, state and local income tax, occupational tax and/or payroll tax
of any kind shall not be withheld or paid by Wolverine on Weil’s behalf. Weil shall not be treated as an employee with respect to the services performed hereunder for federal, state and/or local tax purposes. Wolverine will report the amounts
paid to Weil pursuant to this Agreement on IRS Form 1099 to the extent required under the Internal Revenue Code of 1986, as amended. Weil agrees to pay any applicable federal, state and/or local taxes required by law due on account of the fees paid
to Weil pursuant to this Agreement. 
 5. Indemnification. Wolverine hereby agrees to indemnify Weil and hold Weil harmless to the
fullest extent permitted by applicable law against and in respect to any and all actions, suits, proceedings, claims, demands, judgments, costs, expenses (including reasonable attorney’s fees), losses, and damages resulting from Weil’s
good faith performance of his duties and obligations to Wolverine hereunder. This provision is in addition to any other rights of indemnification Weil may otherwise have with respect to Wolverine. 
 6. Confidentiality. Weil acknowledges that he will have access to Confidential Information (as hereinafter defined) of Wolverine. Weil agrees not
to disclose, communicate or divulge to, or use for the direct or indirect benefit of any person (including Weil), firm, association or any other entity (other than Wolverine or its affiliates) any Confidential Information other than in the good
faith performance of its duties or in response to a legal process. “Confidential Information” includes, but is not limited to, and regardless of whether such information has been reduced to writing or designated as confidential, but only
to the extent not generally known in the industry, customer and vendor lists (including any prospective customers and vendors), database, computer programs, frameworks, models, products, facilities and methods, marketing programs, sales, financial
information, marketing, training and technical information, business methods, business policies, procedures, techniques, research or development projects or results, trade secrets (which includes Wolverine’s customer, vendor and prospective
customer and vendor lists), systems, procedures, manuals, confidential reports, pricing policies, business plans, computer software, intellectual property, information concerning how Wolverine creates, develops, acquires or maintains its products
and marketing plans, targets its potential customers, and operates its businesses, and any other information not otherwise 

  

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available to the general public. If any person (including any government agency and/or employee) requests in writing the disclosure or release of
Confidential Information, Weil shall, to the extent legally permissible, immediately (a) notify Wolverine of such request so that Wolverine may pursue any available remedies to prevent the disclosure or release of such Confidential Information
and (ii) furnish Wolverine a copy of all written materials pertaining to such request for Confidential Information as Wolverine shall deem appropriate. 
 7. Legal Fees; Costs of Enforcement. Wolverine shall reimburse Weil, on a current basis, for all reasonable legal fees and related expenses incurred by Weil in seeking to obtain or enforce any right or benefit
provided by this Agreement, regardless of whether or not Weil’s claim is upheld by an arbitral panel or a court of competent jurisdiction; provided, however, Weil shall be required to repay to Wolverine any such amounts to the extent that an
arbitral panel or a court issues a final and non-appealable order, judgment, decree or award setting forth the determination that the position taken by Weil was frivolous or advanced by Weil in bad faith. 
 8. General Provisions. 
 (a) This
Agreement shall be binding upon and inure to the benefit of the parties and their successors and permitted assigns. Weil’s rights and obligations under this Agreement may not be assigned without prior written consent of Wolverine. Wolverine may
not assign its rights and obligations hereunder without the prior written consent of Weil, except to a successor to all or substantially all of the assets of Wolverine and then only if such assignee promptly delivers to Weil a written assumption of
the obligations hereunder. 
 (b) All matters affecting this Agreement, including the validity thereof, are to be governed by, and
interpreted and construed in accordance with, the laws of the State of Alabama applicable to contracts executed in and to be performed in that State. 
 (c) This Agreement, together with the Stay Pay and Separation Agreement, shall constitute the sole agreement between the parties hereto with respect to the subject matter hereof and shall supersede any and all prior
agreements or understandings relating to the subject matter hereof. No change or amendment to this Agreement shall be binding unless in writing and signed by both parties. 
 (d) This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one
and the same instrument. 
 (e) The headings in this Agreement are for reference only, and shall not affect the meaning or interpretation of
this Agreement. 
 (f) In the event that any provision of this Agreement shall be declared to be invalid, illegal or unenforceable, such
provision shall survive to the extent it is not so declared, and the validity, legality and enforceability of the other provisions hereof shall not in any way be affected or impaired thereby, unless such action would substantially impair the
benefits to any party of the remaining provisions of this Agreement. 
  

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 IN WITNESS WHEREOF, Weil and Wolverine have caused this Agreement to be executed on this the 30th day of
April, 2007. 
  

			
	WOLVERINE TUBE, INC.
		
	By:	 	 /s/ James Deason

		 	JAMES DEASON
		 	Senior Vice President and
		 	Chief Financial Officer
		
	By:	 	 /s/ Keith Weil

		 	KEITH WEIL

  

 5Retention and Contingent Separation Agreement and General Release

 Exhibit 10.1.1 
 TECO TRANSPORT CORPORATION 
 RETENTION AND CONTINGENT SEPARATION AGREEMENT AND GENERAL RELEASE

 THIS RETENTION AND CONTINGENT SEPARATION AGREEMENT AND GENERAL RELEASE
(the “Agreement”) is made and entered into this 29th day of March, 2007, by and between TECO
TRANSPORT CORPORATION (the “Company”), the principal place of business which is located at 702 North Franklin Street, Tampa, Florida 33602 and SAL LITRICO (the “Officer”), whose address is P. O. Box 3358,
Tampa, FL 33601. 
 WHEREAS, the Officer is currently employed in the position of President with approximately 13.08 years of credited
employment with and service to the Company and affiliated companies; and 
 WHEREAS, the owner of the Company is considering selling
one hundred percent of the stock or assets of the Company (the “Potential Transaction”); and 
 WHEREAS, the
Officer’s continued employment through the closing date of the Potential Transaction (“Closing Date”) is important to the success of both the Company and the Potential Transaction; and 
 WHEREAS, the Company desires to provide Officer certain payments if Officer’s employment is subsequently terminated after the Closing Date;

 WHEREAS, the Company and the Officer desire to enter into a retention arrangement with the Officer and a contingent severance
arrangement; and 
 WHEREAS, the parties have mutually agreed to enter into the following Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained, it is hereby agreed as follows: 
  

	 	1.	PURPOSE OF AGREEMENT 

 The Company desires to
continue the employment and cooperation of the Officer during the period commencing as of the date hereof through the Closing Date. During that period of time, the Officer shall be paid and receive all compensation, including annual and long-term
incentives, and other benefits to which he is entitled as an Officer and employee of the Company, plus the additional compensation and benefits as set forth herein. 
  

	 	2.	TERMINATION OF THE AGREEMENT 

 (a) In the event the
Officer voluntarily terminates employment without Good Reason before the Closing Date, this Agreement shall terminate and Company shall not be obligated to make any further payments to Officer under this Agreement. 
 (b) In the event the owner of the Company announces a decision to not pursue a Potential Transaction, this Agreement shall terminate and Company shall
not be obligated to make any further payments to Officer under this Agreement. 
  

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 (c) This Agreement shall terminate and Company shall not be obligated to make any further payments to
Officer under this Agreement after December 31, 2007 unless definitive agreements for the Potential Transaction have been executed and the consummation of the Potential Transaction is dependant on (a) regulatory approvals, or
(b) satisfaction of conditions precedent to the closing or (c) closing. 
  

	 	3.	DEFINITIONS 

 (a) For purposes of this Agreement,
“Good Reason” shall be defined as the occurrence (without your express written consent) of any of the following: (1) a reduction by the Company (or the successor employer of the Company’s employees) in your annual base
salary as was in effect on the date hereof, (2) a substantial adverse alteration in the nature or status of your position or responsibilities or the conditions of your employment from those in effect on the date hereof, or (3) the Company
breaches this Agreement in any material respect. 
 (b) For purposes of this Agreement, termination by the Company (or the successor employer
of the Company’s employees) of your employment for “Cause” shall mean termination upon (i) the willful and continued failure by you to substantially perform your duties with the Company after a written demand for
substantial performance is delivered to you, or (ii) the willful engaging by you in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise. 
  

	 	4.	RETENTION PAYMENTS 

 (a) In accordance with the
terms of this Section, the Company shall pay the Officer or cause the successor employer or its designee to pay the Officer on its behalf a retention payment equal to 75% of the Officer’s annual base salary (“Base Salary”). The amount
shall be made in two payments; 25% of the Base Salary to be paid within ten (10) days following the Closing Date and the remaining 50% to be paid on the first business day following the date that is six months after the Closing Date. The
payments made to the Officer shall be reduced to reflect the withholding of required FICA and federal withholding taxes regardless of whether or not the Officer is employed by another employer. 
 (b) Contingent on the Officer signing the Release in the form set out in Exhibit A on the Closing Date, the Company shall pay the Officer or cause the
successor employer or its designee to pay the Officer on its behalf a one-time lump sum payment of $666,215 within ten (10) days following the Closing Date. Such amount is approximately equal to the present value of the portion of retirement
benefits payable under the TECO Energy Group Supplemental Executive Retirement Plan (SERP) as if the Officer were vested based on earnings through May 2007. If the Closing Date is later than May 31, 2007, then the payment in this
Section 4(b) shall be adjusted to the actual amount calculated as of the Closing Date. The payment made to the Officer shall be reduced to reflect the withholding of required FICA and federal withholding taxes regardless of whether or not the
Officer is employed by another employer. 
 (c) Within ten (10) days following the Closing Date, the Company shall pay the Officer the
prorated portion of the Officer’s 2007 target bonus. Such payment shall represent Officer’s payment from all Company 2007 annual incentive plans. The payment shall be reduced to reflect the withholding of required FICA and Federal
withholding taxes regardless of whether or not the Officer is employed by another employer. 
 (d) Officer shall be eligible to participate
in the Company sales price incentive pool adopted by the owner of the Company and approved by the Board of Directors on January 31, 2007. The actual payout, if any, made to the Officer shall be determined as set forth in such approval. Any
payments under this Section shall be reduced to reflect the withholding of required FICA and Federal withholding taxes regardless of whether or not the Officer is employed by another employer. 
  

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 (e) For purposes of the Officer’s TECO Energy, Inc. stock option grants, the Officer’s
employment shall be considered to have been involuntarily terminated by the Company on the Closing Date and the stock options shall vest and shall remain exercisable for a period of three (3) months as set forth in the stock options grant
documents. 
 (f) For purposes of the Officer’s TECO Energy, Inc. time-based restricted stock grants, the Officer’s employment
shall be considered to have been involuntarily terminated by the Company on the Closing Date and all such restricted stock shall vest as set forth in the restricted stock grant documents. 
 (g) For purposes of the Officer’s TECO Energy, Inc. performance share grants, the Officer’s employment shall be considered to have been
involuntarily terminated by the Company on the Closing Date and the resulting number of shares shall be issued to the Officer as set forth in the performance share grant documents. 
 (h) At the time the Officer’s employment with the Company or its successor ends, the Officer and his eligible dependents will be eligible for
medical and dental coverage through the Company’s retiree medical program as it is amended from time to time. The Officer will be entitled to credits against premiums equal to the amount of credits earned by the Officer through the Closing
Date. The election to sign up for coverage must be received by the TECO Energy benefits department within 30 days of the Officer’s employment end date. 
  

	 	5.	CONTINGENT SEVERANCE BENEFITS 

 If the Officer
ceases to be employed by the Company or one of its then current subsidiaries or affiliates after the Closing Date for any reason other than a termination for Cause or a voluntary resignation by the Officer for other than Good Reason within twelve
(12) months after the Closing Date (the “Subsequent Termination”), and if the Officer notifies the Company in writing of that event within thirty (30) days of the event, the Company shall provide the following payments to
the Officer. Such payments shall be made on the first business day that is six (6) months after the Subsequent Termination. 
 (a) A
one-time lump sum separation payment equal to one and one half times the Officer’s annual base salary as of the Closing Date. The payment made to the Officer shall be reduced to reflect the withholding of required FICA and federal withholding
taxes regardless of whether or not the Officer is employed by another employer. 
 (b) A one-time lump sum separation payment of $404,765.
Such amount is approximately equal to the present value of an additional two years of age and service credit of retirement benefits in the SERP calculated based on earnings through May 2007. If the Closing Date is later than May 31, 2007, then
the payment in this Section 5(b) shall be adjusted to the actual amount calculated as of the Closing Date. The payment made to the Officer shall be reduced to reflect the withholding of required FICA and federal withholding taxes regardless of
whether or not the Officer is employed by another employer. 
 (c) Reimbursement for a one year individual career transition counseling
program by a professional agency chosen jointly by the Company and the Officer. In order to qualify for such career transition counseling program, the Officer must contact the TECO Energy, Inc. Human Resources Department within three (3) months
of the date the Officer provided notice of separation pursuant to this Section 5. 
  

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 (d) A $10,000.00 payment for financial assistance for supplemental training. The payment made to the
Officer shall be reduced to reflect the withholding of required FICA and federal withholding taxes regardless of whether or not the Officer is employed by another employer. 
 (e) Reimbursement for the Officer’s cost of medical and dental coverage through TECO Energy’s Retiree Medical program for the Officer and his
eligible dependents for eighteen (18) months after the separation date if eligible, or if not, reimbursement for the cost of COBRA medical and dental insurance coverage provided through the Officer’s last employer for the Officer and his
eligible dependents for eighteen (18) months after the separation date. 
  

	 	6.	CONFIDENTIALITY AND OTHER CONDUCT 

 (a) The Officer
recognizes and acknowledges that during the course of his employment with the Company, he has been exposed to, has had access to, and has had disclosed to him information and material developed specifically by and for the benefit of the Company and
sensitive and/or proprietary information, business planning and operations information, strategic, financial, business and plant security information, business practices and procedures, and specific Company procedures related thereto and to other
matters, including without limitation trade secrets, trademarks, service marks, trademarked and copyrighted material, patents, patents pending, financial and data processing information, data bases, interfaces, and/or source codes, Company
procedures, specifications, commercial information or other Company or Customer records as described in Administrative Policy 1.12, including any information or material, belonging to others which has been provided to the Company on a confidential
basis, all of which are hereinafter referred to as “Confidential Information.” 
 (b) The Officer agrees to maintain, in strict
confidence, the Confidential Information and agrees not to disclose to any third party or to use same to benefit himself or any third party (other than Officer’s financial and legal advisors) the Confidential Information or the fact of, the
terms of or the amount of the consideration paid as part of this Agreement and, unless otherwise authorized, the Potential Transaction. The Officer shall be prohibited from using, duplicating, reproducing, copying, distributing, disclosing such
Confidential Information regardless of form or purpose, including without limitation, verbal disclosure, data, documents, electronic media or any other media form. The Officer agrees to abide by the non-disclosure and non-use obligations relating to
Company records, information, and property contained in the Company’s Standards of Integrity. 
 (c) The restrictions on the
Officer’s disclosure of Confidential Information set out herein do not apply to such information which (i) is now, or which hereafter, through no act or failure to act on the part of the Officer, becomes generally known or available to the
public; (ii) is required to be disclosed by a court of competent jurisdiction or by an administrative or quasi-judicial body having jurisdiction over the subject matter after the Officer has given the Company reasonable prior notice of such
disclosure requirement; or (iii) is disclosed as part of the process referred to in the letter of John B. Ramil, President and COO, dated March 28, 2007. 
 (d) The restrictions herein do not apply to the use for the benefit of any purchaser of the Company of Confidential Information that is predominately related to the Company and is transferred with the Company as part
of the transaction described in the recitals. 
 (e) The Officer agrees to conduct himself in all actions or conduct relating to the Company
in a manner consistent with existing Company policy and to refrain from engaging in any conduct which holds the Company up to ridicule in the community or which jeopardizes or adversely affects the business or reputation of the Company. Likewise,
the Company agrees to conduct itself in all actions or conduct relating to the Officer in a manner consistent with existing Company policy and to refrain from engaging in any conduct which holds the Officer up to ridicule in the community or which
jeopardizes or adversely affects the business or reputation of the Officer. 
  

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 (f) The Company hereby releases the Officer from all claims, rights, causes of action or liabilities of
whatever nature, whether at law or in equity, or damages (compensatory, consequential or punitive) against the Officer which the Company may now have and which could have been discovered with reasonable due diligence. 
 (g) For the purpose of this section the term “Company” shall mean TECO Energy, Inc., TECO Transport Corporation, and all of their subsidiaries
and affiliates. 
  

	 	7.	REMEDY AT LAW INSUFFICIENT 

 Officer acknowledges
that damages at law will be an insufficient remedy if Officer violates the terms of this Agreement, and that the Company would suffer a decrease in value and irreparable damage as a result of such violation. Accordingly, on a violation of any of the
covenants set forth herein, particularly those contained in Section 5., the Company, without excluding or limiting any other available remedy, shall be entitled to the following remedies: 
 (1) Upon posting a reasonable bond and filing with a court of competent jurisdiction an appropriate pleading and affidavit specifying each obligation
breached by Officer, automatic entry by a court in accordance with Florida Statute §542.335(1)(j) having jurisdiction of an order granting an injunction or specific performance compelling Officer to comply with that obligation, without proof of
monetary damage or an inadequate remedy at law; and 
 (2) Reimbursement of all costs and expenses incurred by the Company in enforcing those
obligations or otherwise defending or prosecuting any litigation arising out of Officer’s obligations, including premiums for bonds, fees for experts and investigators, and legal fees, cost, and expenses incurred before a lawsuit is filed and
in trial, appellate, bankruptcy and judgment-execution proceedings. 
 The foregoing remedies are cumulative to all other remedies afforded
by law or in equity, and the Company may exercise any such remedy concurrently, independently or successively. 
 If the Officer prevails,
Company agrees to reimburse all costs and expenses incurred by the Officer in enforcing Company’s obligations or otherwise defending or prosecuting any litigation arising out of Officer’s obligations, including premiums for bonds, fees for
experts and investigators, and legal fees, costs, and expenses incurred before a lawsuit is filed and in trial, appellate, bankruptcy and judgment-execution proceedings. 
  

	 	8.	SURVIVAL 

 Neither completion of payments hereunder
nor termination of this Agreement shall be deemed to relieve Officer or Company of any rights or obligations hereunder which by their very nature survive the completion of payments by the Company, including without limitation, Sections 6 and 7
hereof. 
  

	 	9.	ENTIRE AGREEMENT 

 The Officer acknowledges and
agrees that this Agreement contains the entire agreement between himself and Company and that no statements or promises have been made by either party concerning the contents of this Agreement other than as expressly contained in this document
except, to the extent applicable, for the letter of John B. Ramil, President and Chief Operating Officer, dated March 28, 2007 relating to the procedural process of the Potential Transaction, the various equity plan documents and benefits
documents referenced in this Agreement, and the By-Laws concerning Indemnification, the terms of all of which are incorporated herein. 
  

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	 	10.	EFFECTIVE DATE 

 This Agreement will be governed by
the Laws of the State of Florida and shall become effective upon execution and delivery of this Agreement by both parties. 
  

	 	11.	STATEMENT OF UNDERSTANDING 

 The Release attached as
Exhibit “A” contains the notices setting forth the rights of the Officer under the Older Workers’ Benefit Protection Act (29 USC §626) relating to the forty five (45)day consideration period commencing on the date hereof and the
rescission period relating to the Officer’s execution of the Release. 
 IN WITNESS WHEREOF, TECO TRANSPORT CORPORATION and
SAL LITRICO have caused this instrument to be executed as of the date first written above. 
 This Agreement supersedes and
replaces any previous version of this agreement or any agreement between the parties concerning this separation. 
  

			
	 TECO TRANSPORT COMPANY,
 A FLORIDA
CORPORATION

		
	 BY:
	 	 /s/ S. W.Callahan

		 	 Sandra W.Callahan

		 	 Treasurer and Assistant Secretary

 CAUTION! READ BEFORE SIGNING 
  

			
	 BY:
	 	 /s/ S. Litrico

		 	 Sal Litrico

  

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 EXHIBIT A 
 SAL LITRICO 
 TECO TRANSPORT CORPORATION 
 RELEASE OF CLAIMS 
 For and in consideration of the payments and increased benefits made to the
Officer pursuant to Section 4 of the Retention and Contingent Separation Agreement (“Retention Agreement”), the Officer, for himself, his heirs, executors, administrators, successors and assigns acknowledges that the payments being
made as consideration are in addition to anything of value to which he is entitled and accordingly hereby releases and agrees to hold harmless the Company (which, for purposes of this Release includes the Company, subsidiaries, and any agent,
officer, director or employee thereof) from all claims, rights, causes of action or liabilities of whatever nature, whether at law or in equity, or damages (compensatory, consequential or punitive) against the Company which the Officer, his heirs,
executors, administrators, successors, and assigns, may now have or hereafter can, shall or may have for, upon, or by reason of any matter, cause or thing, whatsoever, which has happened, developed, accrued or occurred on or before the date of
execution of this Release, arising out of the Officer’s employment with the Company while TECO Energy, Inc. was the indirect owner of TECO Transport or the Retention Agreement (other than Workers’ Compensation claims pending or otherwise
related to such employment or failure to make the payments under Section 4 of the Retention Agreement or to enforce the Retention Agreement including all vested benefits) with or termination of employment from the Company while it was a
subsidiary of TECO Energy, Inc. or retirement hereunder, including, but not limited to, claims for wrongful termination, discrimination, retaliation, invasion of privacy, defamation, slander, and/or intentional infliction of emotional distress, any
rights to a grievance proceeding and those arising under any federal, state, or local discrimination or civil rights or labor laws and/or rules or regulations, and/or common law, whether in contract or in tort, as they relate to the employment
relationship of the Officer/Employer (including without limitation claims arising under the Age Discrimination in Employment Act, the Older Workers’ Benefit Protection Act (29 USC §626), Title VII of the Civil Rights Act of 1964, Worker
Adjustment and Retraining Notification Act (29 USC §2101-2109), or the Employee Retirement Income Security Act, as such laws have been or may be amended from time to time). 
 The Company and the Officer agree that by entering into this Release the Officer does not waive claims that may arise after the date of execution of this Release or any rights to indemnification to which the Officer
would be entitled as an Officer while Officer was employed by a subsidiary of TECO Energy, Inc. for matters related to his employment or status with the Company. 
 The Officer acknowledges and agrees that this Release shall not be construed as an admission by the Company of any improper or unlawful actions or of any wrongdoing whatsoever against the Officer or any other persons, and the Company
expressly denies any wrongdoing whatsoever against the Officer or any other employee. 
 For the purposes of this Release, “Company” shall include
TECO Transport Corporation its parent, TECO Energy, Inc. and their subsidiaries and affiliates, and any agent, officer, director, or employee thereof. 
 This Release shall be null and void if the Closing referred to in the Retention Agreement does not take place. 
  

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		 	THE OFFICER ACKNOWLEDGES THAT HE HAS CAREFULLY READ THIS RELEASE, KNOWS AND UNDERSTANDS THE CONTENTS CONTAINED IN IT, HAS BEEN GIVEN THE OPPORTUNITY TO CONSIDER THE RELEASE FOR AT LEAST
FORTY-FIVE (45) DAYS COMMENCING ON THE DATE OF RECEIPT OF THE RETENTION AGREEMENT. THE COMPANY HAS ADVISED HIM TO CONSULT AN ATTORNEY IF HE DESIRES AND HE HAS BEEN GIVEN THE OPPORTUNITY TO DO SO. FURTHER, THE OFFICER UNDERSTANDS THAT HE MAY
RESCIND THE RELEASE AT ANY TIME DURING THE SEVEN (7) DAYS IMMEDIATELY FOLLOWING ITS EXECUTION. THE OFFICER DOES FREELY AND VOLUNTARILY ASSENT TO ALL OF ITS TERMS AND CONDITIONS AND SIGNS THIS RELEASE AS HIS OWN FREE ACT AND RECOGNIZES THAT BY
DOING SO HE IS RELEASING THE COMPANY FROM ANY LIABILITY UNDER THE OLDER WORKERS’ BENEFIT PROTECTION ACT.
		
		 	If the Officer chooses to waive the 45 day requirement, please indicate by initialing and dating the following paragraph in the space provided in the left margin.
		
	  
 Initial
	 	 The Officer does hereby waive the forty-five (45) day period to consider this Release as required under the Older Workers’
Benefit Protection Act (29 USC §626). Further, the Officer understands that he may rescind this Agreement at any time during the seven (7) days immediately following execution.
  
 This Release will be governed by the Laws of the State of Florida and shall become effective at the
close of business on the seventh day following the execution and delivery of the Release by the Officer (the “Rescission Period”). At any time during the Rescission Period the Officer may rescind this Agreement by giving written
notice to the Company at its Human Resources Department.

	  
 Date
	 
		 

  

											
		 	 WITNESSES
	 		  		 		 	
					
		 	  
	 		  	BY:	 	  

		 		 		  		 	Sal Litrico
					
		 	  
	 		  	DATE SIGNED:	 	  

  

 8

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