Document:

EXHIBIT 10.1

                      EMPLOYMENT AND NON-COMPETE AGREEMENT

         This Employment and Non-Compete Agreement (the "Agreement"), is made as
of this 8th day of March, 2001 by and between JDK ENTERPRISES, INC. (the
"Company") and DAVID M. SCOTT ("Employee").

                                    RECITALS:

         A. Employee is currently an employee of the Company;

         B.  Simultaneously  with the execution of this Agreement,  the Company,
all of the individual  shareholders of the Company,  United American  Companies,
Inc. ("UAC") and JDK Acquisition  Corp. (a wholly-owned  subsidiary of UAC) have
entered into that certain Merger Agreement (the "Merger Agreement").

         C. Subject to the consummation of the transactions contemplated by the
Merger Agreement (the "Closing"), the Company and Employee desire to enter into
this Agreement to set forth the terms of Employee's employment relationship with
the Company.

         NOW,  THEREFORE,  for  and in  consideration  of the  compensation  and
benefits to be provided to Employee by the Company  hereunder,  the services and
the covenant  not to compete  provided  herein by  Employee,  and other good and
valuable consideration, the parties agree as follows:

         1.       Definitions.

                  (a) "Company Customer" means (i) any person, firm, corporation
or other entity which at the time of the  termination  of the Term of Employment
was,  or within one (1) year prior  thereto  had been,  a customer of Company in
connection with any Competitive  Activity  (defined below),  or (ii) any person,
firm,  corporation  or other entity which the Company has targeted and contacted
in the three (3) months  immediately  preceding  the  termination  of Employee's
employment for the purpose of establishing a customer relationship in connection
with any of the Competitive Activity referred to above.

                  (b) "Competitive  Activity" means the wholesale or retail sale
of mens, ladies and childrens apparel.

                  (c)  "Confidential   Information"  means  any  information  or
material   which  is  proprietary  to  the  Company  or  UAC  or  designated  as
Confidential  Information  by the  Company  or  UAC,  whether  or not  owned  or
developed by the Company or UAC, which is not generally  known other than by the
Company  or UAC,  and which  Employee  may obtain  knowledge  of through or as a
result  of the  relationship  established  hereunder  with the  Company  or UAC.
Confidential  Information also includes any information which the Company or UAC
obtains from any third party which the Company or UAC treats as  proprietary  or
designates as Confidential  Information.  Without limiting the generality of the
foregoing,  Confidential Information includes, without limitation, the following
types of information  and other  information of a similar nature (whether or not
reduced to writing or still in

development):  designs, concepts,  drawings, ideas, inventions,  specifications,
techniques,  discoveries, models, data, source code, object code, documentation,
diagrams, flow charts, research, development,  processes,  procedures, know-how,
new product or new technology  information,  marketing techniques and materials,
marketing  plans,  timetables,   strategies  and  development  plans  (including
prospective  trade names or  trademarks),  customer names,  employee lists,  and
other  information  related  to  customers,   pricing  policies,  and  financial
information.  Confidential Information shall not include information that (i) is
now or later becomes  generally  available to the public (other than as a result
of a breach of this  Agreement);  (ii) is  independently  developed  by Employee
after his employment with the Company is terminated or otherwise  ceases;  (iii)
Employee  lawfully  obtains from any third party who has lawfully  obtained such
information   (unless   Employee  knows  the  Company  and/or  UAC  treats  such
information as confidential);  or (iv) is later published or generally disclosed
to the public by the Company or UAC.

                  (d) "For Cause"  with regard to Employee  means any one of the
following, as reasonably determined by the Company's Board of Directors: (i) The
commission  of any act by Employee  that,  if  prosecuted,  would  constitute  a
felony,  or the commission of or conviction  for, or the pleading by Employee of
no contest  to,  any crime or act of  dishonesty,  fraud,  moral  turpitude,  or
discrimination  or harassment;  (ii) The failure by Employee  (other than due to
his death or  disability as addressed in Section 5(a) below) to continue to work
on a full time basis for the Company;  (iii) Drug or alcohol  abuse by Employee;
and (iv) The failure by Employee  to perform or observe  any  provision  of this
Agreement,  and such  failure has not been cured within ten (10)  business  days
after written notice from the Company to Employee.

         2.  Employment.  For the Term of  Employment  (as  defined in Section 3
below),  the Company will employ  Employee as  President  or in a  substantially
similar position relative to the Company's  business.  Employee shall devote his
full  business  time and best  efforts to  rendering  services  on behalf of the
Company. Employee shall perform such duties as are concomitant with the position
as set forth above or as otherwise  determined  by the Board of Directors of the
Company.  The Company  shall not  require  Employee  to  relocate  his  personal
residence outside of Alamance County,  North Carolina;  provided,  however,  the
Company  may require  Employee  to travel from time to time on business  related
trips outside of North Carolina.

         3.  Term of  Employment.  The term of  Employee's  employment  with the
Company  hereunder  shall commence upon the date of Closing (the "Closing Date")
and shall terminate sixty (60) months from the Closing Date,  unless  terminated
earlier pursuant to Section 5 below (the "Term of Employment").

         4. Compensation for Employment  Duties.  During the Term of Employment,
Employee will be entitled to receive the following  compensation and benefits in
consideration of his duties as stated in Section 2 above:

                  (a) Base Salary.  The Company agrees to pay Employee an annual
salary of  $114,000.000  (the "Base Salary")  payable on normal payroll  payment
dates. The Base Salary may be increased by the Company's Board of Directors from
time to time  based  upon  Employee's  performance  and the  performance  of the
Company.  The Base  Salary  shall  remain at least this  amount  provided  gross
revenues and/or net profits of the Company do not fall below the Company's gross
revenues  and/or  net

                                       2
<PAGE>

profits as reflected in the Company's  2001 year end financial  statements.  All
payments are subject to such deductions and  withholdings as required by law and
under Company policy or practice.

                  (b)   Bonuses.   Employee   will  be  eligible  to  receive  a
discretionary bonus to be determined by the Company's Board of Directors,  which
will be based upon  increases  over budget for gross  revenues,  EBITDA and free
cash-flow available to UAC.

                  (c)   Employee   Benefits.   Employee   will  be  entitled  to
participate (or continue to participate as the case may be) in employee benefits
programs  provided and made  available to all salaried  employees at the Company
(the "Employee Benefits").  Employee may participate in any similar plan adopted
by UAC to the extent  permitted by and subject to: (i) applicable  law, (ii) the
terms and conditions of the Company's current benefits  programs,  and (iii) the
terms and conditions of any employee benefits programs adopted by UAC.

                  (d)  Stock  Options.  As soon  as  practicable  following  the
Closing,  Employee will be granted stock options to purchase  100,000  shares of
UAC common  stock  pursuant to a Stock Option Plan to be adopted by the Board of
Directors  of UAC,  with such terms,  conditions,  and  restrictions,  including
exercise  price  and  vesting  schedule,  as  determined  by the  UAC  Board  of
Directors.

                  (e)  Expenses.  The Company shall  reimburse  Employee for all
reasonable  business  expenses  incurred  by  Employee  in  connection  with the
business of the Company  subject to  compliance  with the expense  reimbursement
policies of the Company and in sufficient detail to comply with Internal Revenue
Services regulations.

         5.       Termination and Severance.
                  -------------------------

                  (a) The Term of Employment  shall terminate  automatically  if
Employee   dies  or  becomes   totally   disabled   from   performing   his  job
responsibilities  for a period of six (6) months or more, whereupon Employee (or
his estate) will be entitled to all Base Salary and Employee Benefits which have
accrued through the date of death or such disability.

                  (b) The  Company  may at any  time,  without  advance  notice,
terminate the Term of Employment subject to the following:

                           (1)      In the event of a termination not For Cause,
Employee shall receive (i) all Base Salary and Employee Benefits accrued through
the date of Employee's  termination,  and (ii) one year's Base Salary payable as
severance in equal  installments based on normal payroll payment dates or sooner
in the discretion of the Company's Board of Directors (items (i) and (ii) herein
are  collectively  referred  to as  the  "Severance  Payment").  Notwithstanding
anything herein to the contrary,  on the date of Employee's  termination not For
Cause,  Employee  expressly  acknowledges that the Company shall have no further
obligation to provide any payments to Employee other than the Severance  Payment
and such other payments,  if any,  required under any of the Company's  employee
benefit plans in which the Employee is  participating on the date the Employee's
employment with the Company is terminated not For Cause.

                           (2)      In the  event of a  termination  For  Cause,
Employee shall receive all Base Salary and Employee

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<PAGE>

Benefits accrued through the date of Employee's termination.  Employee expressly
acknowledges that upon Employee's  termination For Cause, the Company shall have
no further obligation to provide any payments other than accrued but unpaid Base
Salary and Employee Benefits and such other payments, if any, required under any
of the Company's  employee  benefit plans in which the Employee is participating
on the date the Employee's employment with the Company is terminated For Cause.

                           (3)      All payments made pursuant to this Section 5
are subject to such  deductions  and  withholdings  as required by law and under
Company policy or practice.

         6. Advisory Committee.  Within a reasonable time after the Closing, the
Board  of  Directors  of  the  Company  shall  form  an  advisory  committee  by
designating  the identity and number of  individuals  to serve on such committee
(the "Advisory Committee"). The Advisory Committee shall exercise such authority
as  determined  by the  Board of  Directors.  The  Employee  shall  serve on the
Advisory Committee during the Employee's  employment with the Company along with
others to be named by the Board of Directors.

         7.  Confidential   Information.   Employee   acknowledges  that  during
Employee's  employment  with the  Company,  he will have access to  Confidential
Information,  and Employee agrees that he will not make any  unauthorized use or
disclosure,  or otherwise  misappropriate,  such Confidential Information during
the Term of Employment or at any time thereafter.

         8. Covenant Not to Compete.

                  (a) Employee  agrees that he will not,  during the  Employee's
employment with the Company (whether for the Term of Employment  contemplated by
this  Agreement  or  longer)  and for a period  of three (3)  years  after  such
employment has terminated or ended (for whatever reason): (i) Solicit, encourage
or support any employee or  independent  contractor  of the Company to terminate
his or her relationship  with the Company,  who has not ceased to be an employee
or independent  contractor of the Company for a period of three (3) years;  (ii)
Solicit,  encourage  or support any supplier of goods or services to the Company
to  discontinue  doing,  reduce the amount  of, or  transfer  all or part of its
business  with the Company or otherwise  interfere or attempt to interfere  with
any business  relationship  between the Company or any of such suppliers,  (iii)
Solicit,  encourage or support any Company Customer to discontinue doing, reduce
the amount of or transfer all or part of its business with the Company;  or (iv)
Engage in any  Competitive  Activity  within the United  States as an  employee,
agent,  officer,  consultant,  adviser,  director,  or owner of any  interest in
(except for ownership of a minor  percentage of stock in a "public"  competitor)
any entity that engages in any Competitive Activity, or provide any financing or
other credit enhancement related thereto.

                  (b) Employee  acknowledges  that all of the provisions of this
Section 8 are fair and  necessary  to  protect  the  interests  of the  Company.
Employee  acknowledges  and agrees  that  irreparable  injury will result to the
Company from any breach of this Section 8, and that there is no adequate  remedy
at law to redress a breach or threatened  breach.  As a result of the foregoing,
Employee  acknowledges  and agrees  that the  parties  seeking  to  enforce  any
provisions  of this  Section  8 shall  be  entitled  to an  injunction  or other
equitable  relief  against him to restrain him from such breach;  provided  that
nothing contained herein shall prohibit the Company,  or any of its subsidiaries
or  affiliates,  from

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<PAGE>

pursuing any other remedy it may have. Such injunctive relief shall not preclude
the Company from recovering whatever damages it can establish.

                  (c)  Notwithstanding  anything  herein  to the  contrary,  the
Employee  shall not be subject to the  provisions of  paragraphs  (a) and (b) of
this  Section 8 if the  Company  fails to timely  satisfy  all  payments  to the
Employee  required by Section 5(b)(2) of this Agreement;  provided,  however,  a
waiver to any such payments by the Employee  shall not be construed as relieving
the Employee from complying with paragraphs (a) and (b) of this Section 8 unless
the Board of Directors expressly consent in writing to such waiver.

         9. Notices.  All notices,  consents,  waivers, and other communications
under this  Agreement  must be in  writing  and will be deemed to have been duly
given when (i) delivered by hand (with written  confirmation  of receipt),  (ii)
three (3) days following deposit in the United States Mail, with proper postage,
or (iii) when  received by the  addressee,  if sent by a  nationally  recognized
overnight delivery service (receipt requested), in each case to the addresses as
set forth below (or to such other  addresses as a party may  designate by notice
to the other parties):

EMPLOYEE:
--------
                           David M. Scott

                           ---------------------------
                           ---------------------------

COMPANY:                   JDK Enterprises, Inc.
--------
                           c/o United American Companies, Inc.
                           6000 Fairview Road, Suite 1200
                           Charlotte, North Carolina 28210
                           Attention: President

         10. Surrender of Materials Upon Termination.  Promptly upon termination
of  Employee's  employment  with the Company,  whether  voluntary or  otherwise,
Employee shall  surrender to the Company all property  belonging to the Company,
including, but not limited to, Confidential Information, equipment and supplies,
records,  notes,  materials,   drawings,   photographs,   computer-generated  or
computer-retrievable data, computer programs, customer lists, and other writings
or recordings of any kind relating to the actual or anticipated  business of the
Company or to Confidential Information. Employee agrees that Employee shall have
no  proprietary  interest in any work product  developed or used by Employee and
arising out of employment by the Company or prior ownership of the Company.

         11.  Severability.  If for any reason the  provisions of any portion of
this  Agreement  shall be  declared  invalid or  unenforceable,  the  invalid or
unenforceable provision or provisions shall to that extent be deemed removed and
the remaining provisions shall continue to be enforced according to their terms.
Any provision of this  Agreement held invalid or  unenforceable  only in part or
degree  will  remain in full force and effect to the extent not held  invalid or
unenforceable.

         12.  Entire  Agreement.  This  Agreement  is  intended  to be the final
expression of the Company's  agreement and is the full and complete statement of
the  terms  and  conditions  thereof,

                                       5
<PAGE>

notwithstanding  any  representation  or statement to the contrary made by or on
behalf of the  Company.  The Company and  Employee  agree that any and all prior
agreements  (oral or  written)  between  the  Company  and  Employee  are hereby
revoked.  This  Agreement may be modified or amended only by written  instrument
signed by each of the parties.

         13.  Survival of All Covenants.  Notwithstanding  any provision of this
Agreement to the  contrary,  if the  employment of the Employee with the Company
hereunder is terminated or ended for any reason, the provisions and covenants of
this Agreement shall nevertheless  remain in full force and effect in accordance
with their  respective terms and shall be enforceable in law and/or equity after
Employee's termination.

         14.  Assignment;  Successors  and  Assigns.  In no case shall  Employee
assign any of his rights or obligations  under this  Agreement.  Subject only to
the preceding  sentence,  this Agreement  shall be binding in all respects upon,
and inure to the benefit of, the successors and assigns of the parties.

         15.  Governing Law. This Agreement  shall be construed and  interpreted
according to the laws of the State of North  Carolina  without  giving effect to
its choice of law principles or provisions.

         16. Condition  Precedent.  The  effectiveness of this Agreement and the
obligations hereunder is specifically contingent upon the Closing.

            [The rest of this page has intentionally been left blank]

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<PAGE>

         IN WITNESS WHEREOF, the undersigned hereby executed this Employment and
Non-Compete Agreement as of the day and year first above written.

                                       COMPANY:

                                      JDK ENTERPRISES, INC.

                                            /s/ Arnold E. Pitoniak
                                      ---------------------------------------
                                      By:   Arnold E. Pitoniak
                                      Its:  Chief Executive Officer

                                           [CORPORATE SEAL]

                                    EMPLOYEE:

                                       /s/ David M. Scott                 (SEAL)
                                    --------------------------------------
                                    David M. Scott, IndividuallyEXHIBIT 10.2

                      EMPLOYMENT AND NON-COMPETE AGREEMENT

         This Employment and Non-Compete Agreement (the "Agreement"), is made as
of this 8th day of March, 2001 by and between JDK ENTERPRISES, INC. (the
"Company") and JOHN P. WALKER ("Employee").

                                    RECITALS:

         A. Employee is currently an employee of the Company;

         B.  Simultaneously  with the execution of this Agreement,  the Company,
all of the individual  shareholders of the Company,  United American  Companies,
Inc. ("UAC") and JDK Acquisition  Corp. (a wholly-owned  subsidiary of UAC) have
entered into that certain Merger Agreement (the "Merger Agreement").

         C. Subject to the consummation of the transactions contemplated by the
Merger Agreement (the "Closing"), the Company and Employee desire to enter into
this Agreement to set forth the terms of Employee's employment relationship with
the Company.

         NOW,  THEREFORE,  for  and in  consideration  of the  compensation  and
benefits to be provided to Employee by the Company  hereunder,  the services and
the covenant  not to compete  provided  herein by  Employee,  and other good and
valuable consideration, the parties agree as follows:

         1.       Definitions.

                  (a) "Company Customer" means (i) any person, firm, corporation
or other entity which at the time of the  termination  of the Term of Employment
was,  or within one (1) year prior  thereto  had been,  a customer of Company in
connection with any Competitive  Activity  (defined below),  or (ii) any person,
firm,  corporation  or other entity which the Company has targeted and contacted
in the three (3) months  immediately  preceding  the  termination  of Employee's
employment for the purpose of establishing a customer relationship in connection
with any of the Competitive Activity referred to above.

                  (b) "Competitive  Activity" means the wholesale or retail sale
of mens, ladies and childrens apparel.

                  (c)  "Confidential   Information"  means  any  information  or
material   which  is  proprietary  to  the  Company  or  UAC  or  designated  as
Confidential  Information  by the  Company  or  UAC,  whether  or not  owned  or
developed by the Company or UAC, which is not generally  known other than by the
Company  or UAC,  and which  Employee  may obtain  knowledge  of through or as a
result  of the  relationship  established  hereunder  with the  Company  or UAC.
Confidential  Information also includes any information which the Company or UAC
obtains from any third party which the Company or UAC treats as  proprietary  or
designates as Confidential  Information.  Without limiting the generality of the
foregoing,  Confidential Information includes, without limitation, the following
types of information  and other  information of a similar nature (whether or not
reduced to writing or still in

<PAGE>

development):  designs, concepts,  drawings, ideas, inventions,  specifications,
techniques,  discoveries, models, data, source code, object code, documentation,
diagrams, flow charts, research, development,  processes,  procedures, know-how,
new product or new technology  information,  marketing techniques and materials,
marketing  plans,  timetables,   strategies  and  development  plans  (including
prospective  trade names or  trademarks),  customer names,  employee lists,  and
other  information  related  to  customers,   pricing  policies,  and  financial
information.  Confidential Information shall not include information that (i) is
now or later becomes  generally  available to the public (other than as a result
of a breach of this  Agreement);  (ii) is  independently  developed  by Employee
after his employment with the Company is terminated or otherwise  ceases;  (iii)
Employee  lawfully  obtains from any third party who has lawfully  obtained such
information   (unless   Employee  knows  the  Company  and/or  UAC  treats  such
information as confidential);  or (iv) is later published or generally disclosed
to the public by the Company or UAC.

                  (d) "For Cause"  with regard to Employee  means any one of the
following, as reasonably determined by the Company's Board of Directors: (i) The
commission  of any act by Employee  that,  if  prosecuted,  would  constitute  a
felony,  or the commission of or conviction  for, or the pleading by Employee of
no contest  to,  any crime or act of  dishonesty,  fraud,  moral  turpitude,  or
discrimination  or harassment;  (ii) The failure by Employee  (other than due to
his death or  disability as addressed in Section 5(a) below) to continue to work
on a full time basis for the Company;  (iii) Drug or alcohol  abuse by Employee;
and (iv) The failure by Employee  to perform or observe  any  provision  of this
Agreement,  and such  failure has not been cured within ten (10)  business  days
after written notice from the Company to Employee.

         2.  Employment.  For the Term of  Employment  (as  defined in Section 3
below), the Company will employ Employee as Vice President or in a substantially
similar position relative to the Company's  business.  Employee shall devote his
full  business  time and best  efforts to  rendering  services  on behalf of the
Company. Employee shall perform such duties as are concomitant with the position
as set forth above or as otherwise  determined  by the Board of Directors of the
Company.  The Company  shall not  require  Employee  to  relocate  his  personal
residence outside of Alamance County,  North Carolina;  provided,  however,  the
Company  may require  Employee  to travel from time to time on business  related
trips outside of North Carolina.

         3.  Term of  Employment.  The term of  Employee's  employment  with the
Company  hereunder  shall commence upon the date of Closing (the "Closing Date")
and shall terminate sixty (60) months from the Closing Date,  unless  terminated
earlier pursuant to Section 5 below (the "Term of Employment").

         4. Compensation for Employment  Duties.  During the Term of Employment,
Employee will be entitled to receive the following  compensation and benefits in
consideration of his duties as stated in Section 2 above:

                  (a) Base Salary.  The Company agrees to pay Employee an annual
salary of  $72,000.00  (the "Base  Salary")  payable on normal  payroll  payment
dates. The Base Salary may be increased by the Company's Board of Directors from
time to time  based  upon  Employee's  performance  and the  performance  of the
Company.  The Base  Salary  shall  remain at least this  amount  provided  gross
revenues and/or net profits of the Company do not fall below the Company's gross
revenues  and/or  net  profits  as  reflected  in the  Company's  2001  year end
financial   statements.   All  payments  are  subject  to  such  deductions  and
withholdings as required by law and under Company policy or practice.

                                       2
<PAGE>

                  (b)   Bonuses.   Employee   will  be  eligible  to  receive  a
discretionary bonus to be determined by the Company's Board of Directors,  which
will be based upon  increases  over budget for gross  revenues,  EBITDA and free
cash-flow available to UAC.

                  (c)   Employee   Benefits.   Employee   will  be  entitled  to
participate (or continue to participate as the case may be) in employee benefits
programs  provided and made  available to all salaried  employees at the Company
(the "Employee Benefits").  Employee may participate in any similar plan adopted
by UAC to the extent  permitted by and subject to: (i) applicable  law, (ii) the
terms and conditions of the Company's current benefits  programs,  and (iii) the
terms and conditions of any employee benefits programs adopted by UAC.

                  (d)  Stock  Options.  As soon  as  practicable  following  the
Closing,  Employee will be granted stock options to purchase  100,000  shares of
UAC common  stock  pursuant to a Stock Option Plan to be adopted by the Board of
Directors  of UAC,  with such terms,  conditions,  and  restrictions,  including
exercise  price  and  vesting  schedule,  as  determined  by the  UAC  Board  of
Directors.

                  (e)  Expenses.  The Company shall  reimburse  Employee for all
reasonable  business  expenses  incurred  by  Employee  in  connection  with the
business of the Company  subject to  compliance  with the expense  reimbursement
policies of the Company and in sufficient detail to comply with Internal Revenue
Services regulations.

         5.       Termination and Severance.
                  -------------------------

                  (a) The Term of Employment  shall terminate  automatically  if
Employee   dies  or  becomes   totally   disabled   from   performing   his  job
responsibilities  for a period of six (6) months or more, whereupon Employee (or
his estate) will be entitled to all Base Salary and Employee Benefits which have
accrued through the date of death or such disability.

                  (b) The  Company  may at any  time,  without  advance  notice,
terminate the Term of Employment subject to the following:

                           (1) In the  event  of a  termination  not For  Cause,
Employee shall receive (i) all Base Salary and Employee Benefits accrued through
the date of Employee's  termination,  and (ii) one year's Base Salary payable as
severance in equal  installments based on normal payroll payment dates or sooner
in the discretion of the Company's Board of Directors (items (i) and (ii) herein
are  collectively  referred  to as  the  "Severance  Payment").  Notwithstanding
anything herein to the contrary,  on the date of Employee's  termination not For
Cause,  Employee  expressly  acknowledges that the Company shall have no further
obligation to provide any payments to Employee other than the Severance  Payment
and such other payments,  if any,  required under any of the Company's  employee
benefit plans in which the Employee is  participating on the date the Employee's
employment with the Company is terminated not For Cause.

                           (2) In the event of a termination For Cause, Employee
shall receive all Base Salary and Employee  Benefits accrued through the date of
Employee's  termination.  Employee  expressly  acknowledges that upon Employee's
termination For Cause,  the Company shall have no further  obligation to provide
any payments other than accrued but unpaid Base Salary and Employee

                                       3
<PAGE>

Benefits and such other  payments,  if any,  required under any of the Company's
employee  benefit plans in which the Employee is  participating  on the date the
Employee's employment with the Company is terminated For Cause.

                           (3) All payments  made pursuant to this Section 5 are
subject to such deductions and withholdings as required by law and under Company
policy or practice.

         6. Advisory Committee.  Within a reasonable time after the Closing, the
Board  of  Directors  of  the  Company  shall  form  an  advisory  committee  by
designating  the identity and number of  individuals  to serve on such committee
(the "Advisory Committee"). The Advisory Committee shall exercise such authority
as  determined  by the  Board of  Directors.  The  Employee  shall  serve on the
Advisory Committee during the Employee's  employment with the Company along with
others to be named by the Board of Directors.

         7.  Confidential   Information.   Employee   acknowledges  that  during
Employee's  employment  with the  Company,  he will have access to  Confidential
Information,  and Employee agrees that he will not make any  unauthorized use or
disclosure,  or otherwise  misappropriate,  such Confidential Information during
the Term of Employment or at any time thereafter.

         8.       Covenant Not to Compete.
                  -----------------------

                  (a) Employee  agrees that he will not,  during the  Employee's
employment with the Company (whether for the Term of Employment  contemplated by
this  Agreement  or  longer)  and for a period  of three (3)  years  after  such
employment has terminated or ended (for whatever reason): (i) Solicit, encourage
or support any employee or  independent  contractor  of the Company to terminate
his or her relationship  with the Company,  who has not ceased to be an employee
or independent  contractor of the Company for a period of three (3) years;  (ii)
Solicit,  encourage  or support any supplier of goods or services to the Company
to  discontinue  doing,  reduce the amount  of, or  transfer  all or part of its
business  with the Company or otherwise  interfere or attempt to interfere  with
any business  relationship  between the Company or any of such suppliers,  (iii)
Solicit,  encourage or support any Company Customer to discontinue doing, reduce
the amount of or transfer all or part of its business with the Company;  or (iv)
Engage in any  Competitive  Activity  within the United  States as an  employee,
agent,  officer,  consultant,  adviser,  director,  or owner of any  interest in
(except for ownership of a minor  percentage of stock in a "public"  competitor)
any entity that engages in any Competitive Activity, or provide any financing or
other credit enhancement related thereto.

                  (b) Employee  acknowledges  that all of the provisions of this
Section 8 are fair and  necessary  to  protect  the  interests  of the  Company.
Employee  acknowledges  and agrees  that  irreparable  injury will result to the
Company from any breach of this Section 8, and that there is no adequate  remedy
at law to redress a breach or threatened  breach.  As a result of the foregoing,
Employee  acknowledges  and agrees  that the  parties  seeking  to  enforce  any
provisions  of this  Section  8 shall  be  entitled  to an  injunction  or other
equitable  relief  against him to restrain him from such breach;  provided  that
nothing contained herein shall prohibit the Company,  or any of its subsidiaries
or  affiliates,  from  pursuing  any other remedy it may have.  Such  injunctive
relief shall not preclude the Company from  recovering  whatever  damages it can
establish.

                                       4
<PAGE>

                  (c)  Notwithstanding  anything  herein  to the  contrary,  the
Employee  shall not be subject to the  provisions of  paragraphs  (a) and (b) of
this  Section 8 if the  Company  fails to timely  satisfy  all  payments  to the
Employee  required by Section 5(b)(2) of this Agreement;  provided,  however,  a
waiver to any such payments by the Employee  shall not be construed as relieving
the Employee from complying with paragraphs (a) and (b) of this Section 8 unless
the Board of Directors expressly consent in writing to such waiver.

         9. Notices.  All notices,  consents,  waivers, and other communications
under this  Agreement  must be in  writing  and will be deemed to have been duly
given when (i) delivered by hand (with written  confirmation  of receipt),  (ii)
three (3) days following deposit in the United States Mail, with proper postage,
or (iii) when  received by the  addressee,  if sent by a  nationally  recognized
overnight delivery service (receipt requested), in each case to the addresses as
set forth below (or to such other  addresses as a party may  designate by notice
to the other parties):

EMPLOYEE:
--------
                           John P. Walker

                           -------------------------
                           -------------------------

COMPANY:                   JDK Enterprises, Inc.
--------
                           c/o United American Companies, Inc.
                           6000 Fairview Road, Suite 1200
                           Charlotte, North Carolina 28210
                           Attention: President

         10. Surrender of Materials Upon Termination.  Promptly upon termination
of  Employee's  employment  with the Company,  whether  voluntary or  otherwise,
Employee shall  surrender to the Company all property  belonging to the Company,
including, but not limited to, Confidential Information, equipment and supplies,
records,  notes,  materials,   drawings,   photographs,   computer-generated  or
computer-retrievable data, computer programs, customer lists, and other writings
or recordings of any kind relating to the actual or anticipated  business of the
Company or to Confidential Information. Employee agrees that Employee shall have
no  proprietary  interest in any work product  developed or used by Employee and
arising out of employment by the Company or prior ownership of the Company.

         11.  Severability.  If for any reason the  provisions of any portion of
this  Agreement  shall be  declared  invalid or  unenforceable,  the  invalid or
unenforceable provision or provisions shall to that extent be deemed removed and
the remaining provisions shall continue to be enforced according to their terms.
Any provision of this  Agreement held invalid or  unenforceable  only in part or
degree  will  remain in full force and effect to the extent not held  invalid or
unenforceable.

         12.  Entire  Agreement.  This  Agreement  is  intended  to be the final
expression of the Company's  agreement and is the full and complete statement of
the  terms  and  conditions  thereof,   notwithstanding  any  representation  or
statement to the contrary  made by or on behalf of the Company.  The Company and
Employee agree that any and all prior  agreements  (oral or written) between the

                                       5
<PAGE>

Company and  Employee  are hereby  revoked.  This  Agreement  may be modified or
amended only by written instrument signed by each of the parties.

         13.  Survival of All Covenants.  Notwithstanding  any provision of this
Agreement to the  contrary,  if the  employment of the Employee with the Company
hereunder is terminated or ended for any reason, the provisions and covenants of
this Agreement shall nevertheless  remain in full force and effect in accordance
with their  respective terms and shall be enforceable in law and/or equity after
Employee's termination.

         14.  Assignment;  Successors  and  Assigns.  In no case shall  Employee
assign any of his rights or obligations  under this  Agreement.  Subject only to
the preceding  sentence,  this Agreement  shall be binding in all respects upon,
and inure to the benefit of, the successors and assigns of the parties.

         15.  Governing Law. This Agreement  shall be construed and  interpreted
according to the laws of the State of North  Carolina  without  giving effect to
its choice of law principles or provisions.

         16. Condition  Precedent.  The  effectiveness of this Agreement and the
obligations hereunder is specifically contingent upon the Closing.

            [The rest of this page has intentionally been left blank]

                                       6
<PAGE>

         IN WITNESS WHEREOF, the undersigned hereby executed this Employment and
Non-Compete Agreement as of the day and year first above written.

                                    COMPANY:

                                    JDK ENTERPRISES, INC.

                                             /s/ Arnold E. Pitoniak
                                    --------------------------------------------
                                    By:      Arnold E. Pitoniak
                                    Its:     Chief Executive Officer

                                            [CORPORATE SEAL]

                                    EMPLOYEE:

                                       /s/ John P. Walker                 (SEAL)
                                    --------------------------------------
                                    John P. Walker, Individually

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