Document:

Exhibit 10

EXHIBIT 10.2

EXECUTIVE EMPLOYMENT AGREEMENT

THIS EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is entered into effective the 26th day of July, 2007 by and between Parlux Fragrances, Inc. (the "Company") and Raymond J. Balsys (the "Executive" and, together with the Company, the "Parties").

WHEREAS, the Company desires to employ the Executive and the Executive agrees to be employed by the Company as the Chief Financial Officer (“CFO”) of the Company on the terms and conditions set forth in this Agreement; 

WHEREAS, the terms of this Agreement have been reviewed and approved by the members of the Compensation Committee of the Board of Directors of the Company (the "Committee").

NOW THEREFORE, in consideration of the mutual covenants and agreements contained herein, and for other valuable consideration the receipt and adequacy of which is hereby acknowledged, the Parties hereby agree as follows:

1.

Position and Duties.  The Company hereby agrees to employ the Executive and the Executive hereby accepts and agrees to serve as CFO of the Company.  The Executive shall report to the Board.  Subject to the advice, consent and direction of the Company's Board of Directors, the Executive will perform all duties and responsibilities and will have all authority inherent in the position of CFO.  

2.

Term of Agreement and Employment.  The term of the Executive's employment under this Agreement will be for an initial period of three (3) years, beginning on the effective date of this Agreement (the “Term”), and terminating three years thereafter.  The Term will be automatically extended for two (2) consecutive one (1) year periods, unless either party provides six (6) months prior written notice of its desire not to so extend the Term.

3.

Definitions.

A.

Cause.  For purposes of this Agreement, “Cause” for the termination of the Executive’s employment hereunder shall be deemed to exist if, in the good faith judgment of the Company’s Board of Directors:  (i) the Employee commits fraud, theft or embezzlement; (ii) the Employee commits an act of dishonesty affecting the Company or a felony or a crime involving moral turpitude; (iii) the Employee breaches any non-competition, confidentiality or non-solicitation agreement with the Company; (iv) the Employee breaches any of the material terms of this Agreement and fails to cure such breach within 30 days after the receipt of written notice of such breach from the Company; (v) the Employee engages in gross negligence or willful misconduct that causes unreasonable harm to the business and operations of the Company; or (vi) the Executive’s unreasonable failure or refusal to diligently perform the duties and responsibilities required to be performed by the Executive under the terms of this Agreement.  

B.

Company Transaction Events. For purposes of this Agreement, (i) a "Going Private Event” means a transaction in which 90% or more of the issued and outstanding shares of the capital stock of the Company are to be sold or exchanged (pursuant to an agreement, tender or exchange offer or otherwise) by the holders thereof for cash or for securities, so that upon the closing of such a transaction (or a second step merger related thereto), Parlux common stock is no longer traded on any public stock exchange (e.g., Nasdaq, AMEX, NYSE, etc.) or recognized trading market (e.g., Nasdaq OTCBB) and the holders of Parlux common stock 

prior to the closing of such a transaction hold cash or non-publicly traded securities in a private company after the transaction, (ii) a "Company Merger Event" means a transaction in which 90% or more of the issued and outstanding shares of the capital stock of the Company are to be exchanged (pursuant to an agreement, exchange offer or otherwise) by the holders thereof for securities of any public company, so that upon the closing of such a transaction (or a second step merger related thereto), all Parlux common stock has been exchanged or converted into securities of a public company that are traded on a public stock exchange (e.g., Nasdaq, AMEX, NYSE, etc.) or recognized trading market (e.g., Nasdaq OTCBB) and the holders of Parlux common stock prior to the closing of such a transaction hold publicly traded securities in a public company after the transaction.  

C.

Good Reason.  For purposes of this Agreement, termination by the Executive of his employment for "Good Reason" shall mean a termination by the Executive following a "Good Reason Event" provided (i) the Executive provides notice to the Company of such Good Reason Event within 90 days of the initial existence of such Good Reason Event; (ii) the notice provides the Company with 30 days during which it may remedy the Good Reason Event; and (iii) the Company fails to remedy the Good Reason Event within such 30 day period.  A "Good Reason Event shall be deemed to occur upon (i) a material diminution in the Executive’s authority, duties, or responsibilities or (ii) any action or inaction of the Company which constitutes a material breach of this Agreement.

4.

Compensation.  

A.

Annual Base Salary.  Unless terminated pursuant to Section 8 hereof, Executive shall be paid an annual base salary of $190,000 (as applicable, the "Annual Base Salary").  The Annual Base Salary shall be payable at such regular times and intervals as the Company customarily pays its executives from time to time.  The Annual Base Salary shall be reviewed annually by the Board of Directors of the Company.  The fact that the Company will review Executive’s Annual Base Salary does not entitle Executive to a raise in Annual Base Salary.  Company maintains the sole discretion to determine what, if any, salary adjustments will be made to the Annual Base Salary, as determined within the sole discretion of the Board of Directors of Company.

B.

Executive Bonus Plan.  The Executive shall be entitled to participate in an executive bonus plan (the “Bonus Plan”), the terms and conditions of which shall be established by the Committee for each fiscal year and which will provide that Executive will be able to earn an annual bonus of up to 50% of the Annual Base Salary, based upon achievement by the Company of certain financial measures and management objectives as determined by the Committee.

5.

Executive Benefits.  The Executive will be entitled to four weeks of paid vacation per fiscal year.  Except as otherwise provided in this Agreement, the Executive will be eligible for and may participate in, without action by the Board or any committee thereof, any benefits and perquisites available to executive officers of the Company, including any group health, dental, disability, or other form of executive benefit plan or program of the Company existing from time to time on the same terms and conditions as is available to all other executives (collectively, the "Executive Benefits").  Executive shall receive additional term life insurance coverage with an annual cost to the Company not to exceed $2,000 per year, and shall be provided with an automobile allowance of $800 per month, at the Company’s expense.

6.

Stock Options.  As additional consideration for the Executive's services hereunder and the covenants contained herein, the Company shall grant Executive an option (the "Option") to purchase 60,000 shares of common stock of the Company (the "Common Stock") pursuant to the Company's 2007 Stock Incentive Plan (the "2007 Plan") upon shareholder approval of the 2007 Plan.  The 

Option (i) shall provide for an exercise price equal to the market price of the Common Stock as of the close of trading on a public stock exchange or recognized trading market on the date the 2007 Plan is approved by the shareholders of the Company, and (ii) shall further provide that the Option shall vest as provided on Schedule A, unless terminated pursuant to Section 8 hereof.  Immediately prior to the closing of a Going Private Event or a Company Merger Event, any unvested portion of the Option shall fully vest and be exercisable by the Executive prior to the closing of the Going Private Event or Company Merger Event; provided, however, that if the Company Merger Event is with a public company that any individual shareholder or group of affiliated shareholders of the Company beneficially owns 10% or more of for a period of at least six months prior to the closing of the Company Merger Event  (an "Affiliated Public Company"), then the vesting of the unvested portion of the Executive's Option shall not be accelerated so long as the Executive's Option to purchase shares of the Common Stock of the Company is converted into an option to purchase shares of the common stock of the Affiliated Public Company with the same economic value as of the date of the closing of the transaction.

7.

Death or Disability.  The Executive's employment will terminate immediately upon the Executive's death.  If the Executive becomes physically or mentally disabled so as to become unable for a period of more than three consecutive months to perform the Executive's duties hereunder on a substantially full-time basis, the Executive's employment will terminate as of the end of such three-month and this shall be considered a "disability" under this Agreement.  The Executive agrees to submit to reasonable examination by a licensed physician selected by the Company to confirm existence or extent of any disability.  Such termination shall not affect the Executive's benefits under the Company's disability insurance program, if any, then in effect.

8.

Termination.  The Executive may terminate this Agreement for any reason upon not less than one hundred eighty (180) days written notice.  The Company may terminate this Agreement for Cause with no prior notice, or for any other reason upon one hundred eighty (180) days written notice.

A.

Termination of Employment Other Than by Resignation of Executive or Termination for Cause.  Upon the termination of this Agreement for any reason (including termination of employment by the Executive for Good Reason, termination by the Company without Cause, or termination upon the death or disability of the Executive) other than by the resignation of Executive without Good Reason or a termination by the Company for Cause, the following shall apply: 

(i)

Termination Payment.  The Executive, or his estate and heirs following his death, shall be entitled (A) to continue to receive, except as provided in Section 10 of this Agreement, his Annual Base Salary in effect at the time of such termination for a period of 12 months following the date of such termination (the "Severance Period"), (B) to be paid, except as provided in Section 10 of this Agreement, when otherwise payable as if employment was not terminated, any bonus earned by Executive through the date of termination pursuant to the terms of the Bonus Plan prorated to the date of termination (the “Termination Payments”), and (C) to have any unvested portion of his Option fully vest as of the date of such termination.  

(ii)

Termination Benefits.  The Company shall continue to provide the Executive with the Executive Benefits for the Severance Period in accordance with Section 11 of this Agreement.

(iii)

Condition to Severance.  In the event Executive breaches any of the covenants contained in Section 9, then (A) the Company shall have no further obligation to make Termination Payments to Executive or to continue to provide the Executive Benefits to 

Executive during the Severance Period, and (B) any unexercised Option shall be forfeited and be cancelled. 

B.

Termination of Employment by Resignation of Executive or by the Company With Cause.  Upon the termination of Executive’s employment by the Company with Cause or the resignation of the Executive without Good Reason, the Executive shall be due no further compensation under this Agreement other than what is due and owing through the effective date of Executive’s resignation or termination, as applicable. 

9.

Restrictive Covenants.

A.

General.  The Company and the Executive hereby acknowledge and agree that (i) the Executive will come into the possession of trade secrets (as defined in Section 688.002(4) of the Florida Statutes) of the Company (the "Trade Secrets"), (ii) the restrictive covenants contained in this Section 9 are justified by legitimate business interests of the Company, including, but not limited to, the protection of the Trade Secrets, in accordance with Section 542.335(1)(e) of the Florida Statutes, and (iii) the restrictive covenants contained in this Section 9 are reasonably necessary to protect such legitimate business interests of the Company.  

B.

Non-Competition.  During the period of the Executive's employment with the Company and for two years after the termination of the Executive's employment with the Company, the Executive will not, directly or indirectly, on the Executive's own behalf or as a partner, officer, director, trustee, executive, agent, consultant, investor or member of any person, firm or corporation, or otherwise, enter into the employ of, render any service to, or engage in any business or activity which is the same as or competitive with the principal business or activity conducted by Company and any of its majority-owned subsidiaries, namely, the licensing, manufacture, and/or distribution to wholesalers of fragrances.  The business or activity conducted by the Company and its majority-owned subsidiaries shall be deemed to also include any business not currently conducted by the Company, but which during the Term of this Agreement comes to comprise 30% of the Company's net sales or operating income for any fiscal quarter.  The foregoing shall not be deemed to prevent the Executive from investing in securities of any company having a class of securities which is publicly traded, so long as through such investment holdings in the aggregate, the Executive is not deemed to be the beneficial owner of more than 5% of the class of securities that are so publicly traded.    

C.

Confidentiality.  During and following the period of the Executive's employment with the Company, the Executive will not use for the Executive's own benefit or for the benefit of others, or divulge to others, any information, trade secrets, knowledge or data of a secret or confidential nature and otherwise not available to members of the general public that concerns the business or affairs of the Company or its affiliates and which was acquired by the Executive at any time prior to or during the Term of the Executive's employment with the Company, except with the specific prior written consent of the Company.

D.

Work Product.  The Executive agrees that all programs, inventions, innovations, improvements, developments, methods, designs, analyses, reports and all similar or related information which relate to the business of the Company and its affiliates, actual or anticipated, or to any actual or anticipated research and development conducted in connection with the business of the Company and its affiliates, and all existing or future products or services, which are conceived, developed or made by the Executive (alone or with others) during the Term of this Agreement ("Work Product") belong to the Company.  The Executive will cooperate fully in the establishment and maintenance of all rights of the Company and its affiliates in such Work Product.  The provisions of this Section 9(D) will survive termination of this Agreement indefinitely to the extent 

necessary to require actions to be taken by the Executive after the termination of the Agreement with respect to Work Product created during the Term of this Agreement.

E.

Non Solicitation.  During the Term of this Agreement, and until two years after the termination of Executive's employment with the Company, the Executive shall not, directly or indirectly  (i) induce any person or entity that is a contract manufacturer, supplier or wholesale distributor of the Company's products to manufacture for, supply, distribute for or otherwise patronize any business or activity which is the same as or competitive with any business or activity conducted by the Company or any of its majority-owned subsidiaries, (ii) canvass, solicit or accept any business with respect to any fragrance from any person or entity which is an actual or proposed licensor of brands or fragrance product lines to the Company, (iii) request or advise any person or entity which is a customer of the Company to withdraw, curtail or cancel any such customer's business with the Company (provided that the Executive after the Term of this Agreement, if it is terminated without Cause by the Company or for Good Reason by the Executive, may engage in the sale of other fragrance products to the same retailers that the Company sells its fragrance products to), or (iv) employ, solicit for employment or knowingly permit any entity or business directly or indirectly controlled by him to employ or solicit for employment, any person who was employed by the Company or its majority-owned subsidiaries at or within the then prior six months, or in any manner seek to induce any such person to leave his or her employment.

F.

Non-Disparagement.  The Executive will not during employment or at anytime thereafter criticize, ridicule, or make any statement or perform any act which disparages or is derogatory of the Company or of any subsidiary, officer, director, agent, employee, contractor, customer, vendor, supplier, licensor or licensee of the Company.  The Company will not, during the Term hereof or at anytime thereafter, criticize, ridicule or make any statement or perform any act which disparages or is derogatory of the Executive.

G.

Enforcement.  The parties agree and acknowledge that the restrictions contained in this Section 10 are reasonable in scope and duration and are necessary to protect the Company or any of its subsidiaries or affiliates.  If any covenant or agreement contained in this Section 10 is found by a court having jurisdiction to be unreasonable in duration, geographical scope or character of restriction, the covenant or agreement will not be rendered unenforceable thereby but rather the duration, geographical scope or character of restriction of such covenant or agreement will be reduced or modified with retroactive effect to make such covenant or agreement reasonable, and such covenant or agreement will be enforced as so modified.  The Employee agrees and acknowledges that the breach of this Section 10 will cause irreparable injury to the Company or any of its subsidiaries or affiliates and upon the breach of any provision of this Section 10, the Company or any of its subsidiaries or affiliates shall be entitled to injunctive relief, specific performance or other equitable relief, without being required to post a bond; provided, however, that, this shall in no way limit any other remedies which the Company or any of its subsidiaries or affiliates may have (including, without limitation, the right to seek monetary damages).

10.

Section 409A.   In the event that Executive is a "specified employee" as defined in Treas. Reg. § 1.409A-1(i) on the date that Executives separates from service with the Company, the payment of any amount due to Executive hereunder which would be deemed the "deferral of compensation" pursuant to Treas. Reg. §1.409-1(b) shall be delayed until the date that is six (6) months after the date of separation from service (or if earlier, the date of the Executive's death).   To the extent that any payment pursuant to this Agreement is due to Executive after the end of such six month period following his separation from service (or death), such amounts shall be paid without regard to this Section 10.

11.

Representations.  Executive hereby represents and warrants to the Company that (i) the execution, delivery and full performance of this Agreement by the Executive does not and will not conflict with, breach, violate or cause a default under any agreement, contract or instrument to which the Executive is a party or any judgment, order or decree to which the Executive is subject; (ii) the Executive is not a party or bound by any employment agreement, consulting agreement, agreement not to compete, confidentiality agreement or similar agreement with any other person or entity; and (iii) upon the execution and delivery of this Agreement by the Company, this Agreement will be the Executive's valid and binding obligation, enforceable in accordance with its terms.

12.

Assignment.  The Executive may not assign, transfer, convey, mortgage, hypothecate, pledge or in any way encumber the compensation or other benefits payable to the Executive or any rights which the Executive may have under this Agreement.  Neither the Executive nor the Executive's beneficiary or beneficiaries will have any right to receive any compensation or other benefits under this Agreement, except at the time, in the amounts and in the manner provided in this Agreement.  This Agreement will inure to the benefit of and will be binding upon any successor to the Company and any successor to the Company shall be authorized to enforce the terms and conditions of this Agreement, including the terms and conditions of the restrictive covenants contained in Section 10 hereof.  As used in this Agreement, the term "successor" means any person, firm, corporation or other business entity which at any time, whether by merger, purchase or otherwise, acquires all or substantially all of the capital stock or assets of the Company.  This Agreement may not otherwise be assigned by the Company.

13.

Governing Law.  This Agreement shall be governed by the laws of Florida without regard to the application of conflicts of laws.

14.

Entire Agreement.  This Agreement constitutes the only agreements between Company and the Executive regarding the Executive's employment by the Company.  This Agreement supersedes any and all other agreements and understandings, written or oral, between the Company and the Executive regarding the subject matter hereof and thereof.  A waiver by either party of any provision of this Agreement or any breach of such provision in an instance will not be deemed or construed to be a waiver of such provision for the future, or of any subsequent breach of such provision.  This Agreement may be amended, modified or changed only by further written agreement between the Company and the Executive, duly executed by both Parties.

15.

Dispute Resolution and Venue.  If a dispute arises out of or relates to this Agreement, or the breach thereof, and if the dispute cannot be settled through negotiation, the parties agree first to try in good faith to settle the dispute by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to litigation.  In the event any party to this Agreement commences any litigation, proceeding or other legal action with respect to any claim arising under this Agreement,  the Parties hereby (a) agree that any such litigation, proceeding or other legal action shall be brought exclusively in a court of competent jurisdiction located within Broward County, Florida, whether a state or federal court; (b) agree that in connection with any such litigation, proceeding, or action, such parties will consent and submit to personal jurisdiction in any such court described in clause (a) and to service of process upon them in accordance with the rules and statutes governing service of process or in accordance with the notice provisions contained herein; and (c) agree to waive to the full extent permitted by law any objection that they may now or hereafter have to the venue of any such litigation, proceeding or action was brought in an inconvenient forum.  The Parties expressly agree that any breach of this Agreement shall be deemed to have occurred in such County. EACH PARTY HERETO WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH OR RELATING TO THIS AGREEMENT OR ANY MATTERS DESCRIBED OR CONTEMPLATED HEREIN, AND 

AGREES TO TAKE ANY AND ALL ACTION NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER.

16.

Severability; Survival.  In the event that any provision of this Agreement is found to be void and unenforceable by a court of competent jurisdiction, then such unenforceable provision shall be deemed modified so as to be enforceable (or if not subject to modification then eliminated herefrom) to the extent necessary to permit the remaining provisions to be enforced in accordance with the parties intention.  The provisions of Section 10 (and the restrictive covenants contained therein) shall survive the termination for any reason of this Agreement and/or the Employee's relationship with the Company.

17.

Notices.  Any and all notices required or permitted to be given hereunder will be in writing and will be deemed to have been given when deposited in United States mail, certified or registered mail, postage prepaid.  Any notice to be given by the Executive hereunder will be addressed to the Company to the attention of the Committee at its main offices, currently 3725 S.W. 30th Avenue, Fort Lauderdale, FL 33312 with a copy provided to the Company's counsel, Akerman Senterfitt, One S.E. 3rd Ave., Miami, FL 33131, Attn:  Jonathan Awner.  Any notice to be given to the Executive will be addressed to the Executive at the Executive's residence address last provided by the Executive to Company.  Either party may change the address to which notices are to be addressed by notice in writing to the other party given in accordance with the terms of this Section.

18.

Headings.  Section headings are for convenience of reference only and shall not limit or otherwise affect the meaning or interpretation of this Agreement or any of its terms and conditions.

IN WITNESS WHEREOF, the Parties hereto have executed and delivered this Agreement under seal as of the date first above written.

PARLUX FRAGRANCES, INC.

By: /s/ Neil J. Katz

Name: Neil J. Katz

Title:   CEO and Chairman of the Board

EXECUTIVE

By:  /s/ Raymond J. Balsys

Name:  Raymond J. Balsys

SCHEDULE A

		
	Date

	

Amount Vested

	March 31, 2008

	10,000

	March 31, 2009

	20,000

	March 31, 2010

	30,000EXHIBIT 10.1

                           NORTIA CAPITAL PARTNERS, INC.
                              400 Hampton View Ct.
                              Alpharetta, GA 30004
                                  770-777-6795
                               770-777-6799 (Fax)
                             www.nortiacapital.com

                          PRIVILEGED AND CONFIDENTIAL

                             TRANSACTION AGREEMENT

This transaction agreement ("Agreement"), entered into on the 1st day of
March 2007 sets forth the terms and conditions of the Transaction Agreement by
and between:

                          NORTIA CAPITAL PARTNERS, INC
                              400 HAMPTON VIEW CT.
                              ALPHARETTA, GA 30004
                                  770-777-6795
                               770-777-6799 (FAX)

(hereinafter referred to as the "Nortia", "Nortia's" ) and,

                              KNIGHT ENERGY CORP.
                               836 BLUE JAY LANE
                               COPPELL, TX 75019

(hereinafter  referred  to  as  "the Company" or "the Company's"") to act as the
Company's planner on the matter(s) set forth in this Agreement. In consideration
of the mutual covenants of the parties  set forth in this Agreement, the parties
agree to the following terms, intending to be legally bound:

1. ENGAGEMENT.

The Company has asked Nortia to represent  the Company, as the Company's planner
with respect to Nortia assisting the Company  with  management  issues  such  as
mergers  &  acquisitions,  capital markets strategies, public company issues and
introduction to Investment Banking firms of which the compensations will be more
particularly described in section 4 of this agreement.

2. OUR DUTIES.

Under the terms of this Agreement and for consideration disclosed herein, Nortia
agrees to use its best efforts  to  provide  the  Company consul with regards to
management  issues such as mergers & acquisitions, capital  markets  strategies,
public company issues and introduction to Investment Banking firms.

<PAGE>
3. THE COMPANY'S DUTIES.

The Company agrees  to  use  the  Company's  best  efforts to cooperate with and
assist the Nortia in, rendering the duties, including but not limited to, taking
such  actions  and providing the Nortia with such documents,  data,  plans,  and
other information requested by Nortia to perform such duties.

4. COMPENSATION AND EXPENSES.

The Company agrees  to  pay  and will be billed separately for expenses that the
Nortia may incur in its representation of the Company, including but not limited
to,  meals,  long  distance  telephone   charges,   copies,  couriers,  approved
third-party  expenses,  printing,  and other reasonable  expenses.  The  Company
further agrees that in the event that  travel and or lodging becomes neessary to
Nortia, the Company shall pay for theses expenses in advance. In addition to the
Company's payment of Nortias expenses, the  Company  agrees to compensate Nortia
with  a  monthly  cash  payment of $20,000 for its services.  Additionally,  the
Company agrees to compensate  Nortia  for  additional  services  provided  on an
individual  basis  specifically  related to investor presentations, trade shows,
etc..

5. BILLING AND STATEMENTS

Nortia will send the Company statements  monthly  for  all  expenses  and duties
performed  since  the  last statement. These invoices shall be due upon receipt.
Finance charges of one and  one-half percent  per  month will be assessed on all
balances if payment on any invoice is not received within five (5) days after it
is  invoiced.  Performance  Fees  shall be due and payable  at  the  closing  of
completed transactions. Any Performance  Fees  not  paid  at  such closing shall
accrue interest at one and one-half percent per month until paid.

6. TERM AND TERMINATION.

The term of this agreement is one year through February 28, 2008.  Either  party
may  provide  the  other  with  a  thirty  day  written  notice  of intention to
terminate. In the event that the engagement is terminated, the Company  Will pay
to  Nortia  all expenses incurred through the effective date of the termination,
as well as any  additional  compensation  payable  under  the terms of Section 4
above.  Nortia  reserves  the  right  to  cease  work  on  the Company's  behalf
immediately upon notice in the event that the Company should  become  delinquent
in any of the Company's payment obligations. The provisions of Sections 4, 5, 6,
7, 8, and 9 shall survive the termination or expiration of this Agreement.

7. AGENCY AND INDEMNIFICATION.

Nortia  is  an  independent  contractor  and not an employee, or partner of  the
Company. Neither of the parties shall undertake  to  bind the other as a partner
or authorized agent. Nortia will use its best effort to represent the Company to
others  according  to the information that the Company provided  Nortia.  Nortia
dose this on the assumption  that the information and documents that the Company
provided are complete and accurate.  The  Company  shall  undertake to make sure
that the information and documents that the Company give Nortia are complete and
accurate.  The  Company  agrees  to indemnify, defend and hold  Nortia  and  its
owners,  officers,  employees and agents  harmless  from  any  liability,  costs
(including attorneys  fees  and  court costs), expenses and damages, relating to
its engagement by or representation  of  the Company, or the Company's breach of
the Company's obligations contained in this Agreement. The Company will not have
to indemnify the Nortia for its gross negligence or bad faith.

<PAGE>

8. CONFIDENTIALITY.

The terms of this Agreement are confidential  and  shall  not  be  disclosed  by
either  party  without  the  written  consent of the other party, except to each
party's lawyers or accountants, who shall  not  disclose  it  either.  Nortia is
authorized  to  disclose to others its engagement by the Company and to disclose
to such parties any  information  and  documents  which Nortia deem necessary in
order to fulfil its duties. All documents and information  that the Company give
Nortia shall only be used for these purposes. In the event that  either of party
has information or documents that are not to be disclosed to any third  parties,
such  information  or  documents  shall  be  appropriately identified and marked
"confidential" and shall not be disclosed without authorization.

9. JURISDICTION AND VENUE.

Each of the parties hereto waives trial by jury  in  any action or proceeding of
any  kind  or  nature in any court in which an action may  be  commenced  by  or
against one another  which arises out of or relates to this Agreement or Nortias
engagement by or representation of the Company. In addition, each of the parties
agrees that any court  located  in  Dallas  County,  Texas  shall have exclusive
jurisdiction and proper venue to hear and determine any claims  described in the
preceding  sentence.  Each  of  the  parties  expressly consents and submits  in
advance to such jurisdiction and venue in any action or preceding in such court.
The exclusive choice of jurisdiction and venue set forth in this Section 9 shall
not be deemed to preclude the bringing of any action  for the enforcement of any
judgment  obtained  in  such  jurisdiction in any other appropriate  enforcement
jurisdiction.

10. MISCELLANEOUS.

Neither party may assign its rights  or  obligations under this Agreement to any
other party. The terms of this Agreement shall  bind the successors, assigns and
estates  of the parties. The invalidity or unenforceability  of  any  particular
provision  of  this  Agreement  shall  not affect its other provisions, and this
Agreement shall be construed in all respects as if such invalid or unenforceable
provision  were omitted. This Agreement constitutes  the  entire,  complete  and
definitive agreement  between  the  Company  and  Nortia.  Any  prior  promises,
communications,  warranties,  discussions,  and representations have been merged
into  the terms of this Agreement and are canceled  and  superseded  by  it.  No
amendment or waiver of the terms of this Agreement or any provision hereof shall
be effective  unless  made  in  a writing signed by both parties. This Agreement
entered into in, and shall be governed  by  and  construed under the laws of the
State  of  Texas.  The  headings and captions used in  this  Agreement  are  for
convenience of reference  only,  and  shall  in  no way define, limit, expand or
otherwise affect the meaning or construction of any provision of this Agreement.
Any notice required or permitted to be given pursuant to this Agreement shall be
deemed sufficiently given when delivered in person  or three business days after
being deposited in the United States mail, registered or certified mail, postage
prepaid, addressed to the party to receive such notice  using  their  address as
set  forth  on  the  first page of this Agreement. Either of the parties may  by
written notice to the  other  change  the  notice address. This Agreement may be
executed in any number of counterparts, each  of  which shall be deemed to be an
original, but all of which together shall constitute one and the same agreement.

<PAGE>

To signify the acceptance of these terms each party's  authorized agent executes
and delivers this Agreement as of the date first set forth above.

NORTIA CAPITAL PARTNERS, INC.

By:____________________________
Matthew T. Henninger
Date:______________

KNIGHT ENERGY CORP.

By:____________________________
Bruce A. Hall
Date:_______________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00126-of-00352.parquet"}]]