Document:

Exhibit 10.2

 

EMPLOYMENT AGREEMENT

 

THIS EMPLOYMENT
AGREEMENT (this “Agreement”) is entered into March 20, 2012 by and between Mitchell R. Thompson, a resident of
the State of Montana (“Employee”), and Voyager Oil & Gas, Inc., a Montana corporation (the “Company”).

 

WHEREAS, the
Company desires to employ Employee and Employee desires to be employed by the Company pursuant to the terms and conditions set
forth in this Agreement.

 

NOW, THEREFORE,
in consideration of the mutual covenants herein contained, the parties agree as follows:

 

1.          Employment.

 

1.1           Term.
Effective as of January 1, 2012 (the “Effective Date”), the Company hereby employs Employee, and Employee hereby accepts
such employment, on the terms and conditions set forth herein, for the period commencing on the Effective Date and continuing until
the closing of business on December 31, 2012 (the “Term”), unless sooner terminated pursuant hereto.

 

1.2           Services.
The Company hereby agrees to employ Employee in the role of the Company’s Chief Financial Officer, and Employee hereby accepts
such employment with the Company on the terms and conditions set forth herein. Employee shall perform all activities and services
as the Company’s Chief Financial Officer on a full-time basis, which shall include duties and responsibilities as the Company’s
Board of Directors may from time-to-time reasonably prescribe consistent with the duties and responsibilities of the Chief Financial
Officer of the Company (the “Services”). Employee shall use his best efforts to make himself available to render such
Services on a full-time basis to the best of his abilities. The Services shall be performed in a good professional and workmanlike
manner by Employee, to the Company’s reasonable satisfaction, which shall include duties and responsibilities as the Company’s
Chief Financial Officer. Employee shall have the authority to bind the Company to any contract, agreement or other arrangement,
whether oral or written, or make any representation or deliver any instructions on behalf of the Company. Employee agrees that
he shall not be employed by or provide consulting services to any other person or entity without the prior written consent of the
Company.

 

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2.          At-Will
Relationship; Severance. Employee’s employment with the Company shall be entirely “at-will,” meaning
that either Employee or the Company may terminate such employment relationship by terminating this Agreement in writing delivered
to the other party at any time for any reason or for no reason at all; provided, however, if (a) Employee’s employment
is terminated by the Company for any reason other than death, disability or for Cause (as defined below), (b) such termination
constitutes a Separation from Service (as defined below), or (c) Employee executes and does not rescind within 60 days of the date
of termination a separation agreement supplied by the Company, which will include, but not be limited to, a comprehensive release
of all legal claims, then the Company will (i) pay Employee in equal installments at regular payroll intervals, beginning on the
first payroll date following the 60th day following Employee’s date of termination and ending on the last payroll
date prior to the first anniversary of Employee’s date of termination, an amount equal to twelve (12) months of Employee’s
then current base salary, subject to required and authorized deductions and withholdings; (ii) reimburse Employee monthly on an
after-tax basis for the Company’s ordinary share of premiums for twelve (12) calendar months for Employee’s COBRA continuation
coverage in the Company’s group medical and dental plans (as applicable), provided Employee elects such continuation coverage
and timely pays Employee’s share of such premiums, if any; and (iii) pay Employee the Vehicle Allowance (as defined in Section
4.5) for the vehicle Employee is utilizing at the time of termination for twelve (12) calendar months. For purposes of this Agreement,
“Separation from Service” means a separation from service within the meaning of Section 409A of the Internal Revenue
Code of 1986, as amended (the “Code”), and the regulations and other guidance thereunder. For purposes of this Agreement,
a termination for Cause means a termination resulting from (i) an intentional act of fraud, embezzlement, theft or any other material
violation of law, (ii) gross negligence or intentional damage to the Company’s reputation or assets, (iii) gross negligence
or intentional disclosure of Confidential Information and Materials (as defined below) contrary to Employee’s obligations
set forth in Section 5 below, (iv) the willful and continued failure to substantially perform required duties for the Company (other
than as a result of incapacity due to physical or mental illness), or (v) a material breach of this Agreement that is not cured
within 14 days of receiving notice from the Company of such breach.

 

3.          Compensation.
In consideration for Employee entering into this Agreement with the Company and performing the Services required hereunder during
the term of this Agreement:

 

3.1           Annual
Salary. Employee shall receive from the Company an annual base salary of Eighty Thousand Dollars ($80,000) commencing on the
Effective Date (the “Annual Salary”) payable to Employee in accordance with the Company’s customary payroll practices.

 

3.2           Bonus
Compensation. In addition to Employee’s Annual Salary, Employee shall be eligible to receive such bonuses as may be determined
appropriate in the sole discretion of the Company’s Compensation Committee or Board of Directors from time-to-time; provided,
however, that any such bonus be paid no later than 2 1⁄2 months following the end of the taxable year in which the applicable
bonus was earned; provided further, that nothing herein shall obligate the Company to pay any bonus to Employee at any time.

 

3.3           Restricted
Stock Grants.

 

(i)          Effective
March 15, 2012, the Company granted a Restricted Stock Award to Employee for 100,000 shares of common stock of the Company under
the Voyager Oil & Gas, Inc. 2011 Equity Incentive Plan (the “Equity Incentive Plan”) pursuant to the terms and
conditions set forth in the Restricted Stock Agreement relating thereto, including ratable vesting over the Term.

 

(ii)         Effective
March 15, 2012, the Company granted a Restricted Stock Award to Employee for 100,000 shares of common stock of the Company under
the Equity Incentive Plan pursuant to the terms and conditions set forth in the Restricted Stock Agreement relating thereto, including
quarterly vesting over 36 months.

 

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(iii)        Employee
shall be eligible to receive additional Restricted Stock Awards for up to 200,000 shares of common stock of the Company under the
Equity Incentive Plan subject to the satisfaction of certain performance criteria to be established by the Compensation Committee
and the Board of Directors of the Company in their sole discretion.

 

4.          Benefits.
During the term of this Agreement, Employee will be entitled to participate in the following benefit plans to the extent available
through the Company in accordance with the policies and plans adopted by the Company, as may be amended from time-to-time:

 

4.1           Retirement
Plans. Employee shall be entitled to participate in the Company’s 401(k), profit sharing and other retirement plans (the
“Plan”) presently in effect or hereafter adopted by the Company, to the extent that such Plan relates generally to
all employees of the Company.

 

4.2           Vacation.
Employee shall be entitled to vacation pursuant to such general policies and procedures of the Company consistent with past practices
as are from time to time adopted by the Company.

 

4.3           Expense
Reimbursement. Employee shall be reimbursed by the Company for all ordinary and customary business expenses, including travel
and other disbursements pre-approved by the Company’s Chief Executive Officer or the Company’s Board of Directors.
Employee shall provide such appropriate documentation regarding such expenses and disbursements as Company may reasonably require.
Reimbursement shall occur once per month and must be paid no later than 21⁄2 months following the end of the taxable year
in which such expenses are incurred.

 

4.4           Health
Insurance. Employee, Employee’s spouse and any children of Employee (the “Employee’s Family”) shall
be entitled to participate in health, hospitalization, disability, dental and other such health-related benefits and/or insurance
plans that the Company may have in effect from time-to-time, all of which insurance premiums shall be paid by the Company on behalf
of Employee and Employee’s Family.

 

4.5           Vehicle
Allowance. During the Term of this Agreement, the Company shall provide the Employee with a monthly vehicle allowance (the
“Vehicle Allowance”) not to exceed $1,000 toward the purchase or lease in his name of a vehicle suitable to
be used by Employee for travel while on the Company’s business. Such vehicle may also be used by Employee and his family
for personal travel. The Vehicle Allowance includes the costs of obtaining, maintaining, titling, and insuring such vehicle.

 

4.6           Other
Benefits. Employee shall also be entitled to such other benefits as the Company may from time-to-time generally provide to
its personnel, at the discretion of and as permitted by the Company’s management.

 

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5.          Confidential
Information.

 

5.1           Employee
shall maintain the confidentiality of all trade secrets, (whether owned or licensed by the Company) and related or other interpretative
materials and analyses of the Company’s projects, or knowledge of the existence of any material, information, analyses, projects,
proposed joint ventures, mergers, acquisitions, divestitures and other such anticipated or contemplated business ventures of the
Company, and other confidential or proprietary information of the Company (“Confidential Information and Materials”)
obtained by Employee as result of this Agreement during the term of the Agreement and for two (2) years following termination of
Employee’s employment with the Company.

 

5.2           In
the event that such Confidential Information and Materials are memorialized on any computer hardware, software, CD-ROM, disk, tape,
or other media, Company shall have the right, subject to the rights of third parties under contract, copyright, or other law, to
view, use, and copy for safekeeping or backup purposes such Confidential Information and Materials. During the period of confidentiality,
Employee shall make no use of such Confidential Information and Materials for his own financial or other benefit, and shall not
retain any originals or copies, or reveal or disclose any Confidential Information and Materials to any third parties, except as
otherwise expressly agreed by the Company. Employee shall have no right to use the Company’s corporate logos, trademarks,
service marks, or other intellectual property without prior written permission of the Company and subject to any limitations or
restrictions upon such use as the Company may require.

 

5.3           Upon
expiration or termination of this Agreement, Employee shall turn over to a designated representative of the Company all property
in Employee’s possession and custody and belonging to the Company. Employee shall not retain any copies or reproductions
of correspondence, memoranda, reports, notebooks, drawings, photographs or other documents relating in any way to the affairs of
the Company and containing Confidential Information and Materials which came into Employee’s possession at any time during
the term of this Agreement.

 

5.4           Employee
acknowledges that the Company is a public company registered under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), and that this Agreement may be subject to the filing requirements of the Exchange Act. Employee acknowledges and agrees
that the applicable insider trading rules and limitations on disclosure of non-public information set forth in the Exchange Act
and rules and regulations promulgated by the Securities and Exchange Commission (the “SEC”) shall apply to this Agreement
and Employee’s employment with the Company. Employee (on behalf of himself as well as his executors, heirs, administrators
and assigns) absolutely and unconditionally agrees to indemnify and hold harmless the Company and all of its past, present and
future affiliates, executors, heirs, administrators, shareholders, employees, officers, directors, attorneys, accountants, agents,
representatives, predecessors, successors and assigns from any and all claims, debts, demands, accounts, judgments, causes of action,
equitable relief, damages, costs, charges, complaints, obligations, controversies, actions, suits, proceedings, expenses, responsibilities
and liabilities of every kind and character whatsoever (including, but not limited to, reasonable attorneys’ fees and costs)
in the event of Employee’s breach or alleged breach of any obligation under the Exchange Act, any rules promulgated by the
SEC and any other applicable federal or state laws, rules, regulations, or orders.

 

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5.5           The
parties agree that the provisions of this Section 5 shall survive any termination of this Agreement.

 

6.          Non-Competition
and Non-Solicitation.

 

6.1           Employee
agrees that he will not, directly or indirectly:

 

(i)          anywhere
within the United States, engage, directly or indirectly, alone or as a shareholder (other than as a holder of less than five percent
(5%) of the common stock of any publicly traded corporation), partner, officer, director, employee, consultant or advisor, or otherwise
in any way participate in or become associated with, any other business organization that is engaged or becomes engaged in any
business that is the same or substantially identical business of the Company, or is directly competitive with, any business activity
that the Company is conducting at the time of the Employee’s termination or has notified the Employee that it proposes to
conduct and for which the Company has, prior to the time of such termination, expended substantial resources (the “Designated
Industry”),

 

(ii)         solicit
any operator or holder of mineral or other land rights to change, terminate, or alter its relationship with the Company or induce
any such operator or holder to not renew any then existing relationship with the Company, or

 

(iii)        solicit
any employee, consultant, or operator of the Company to change its relationship with the Company, or hire or offer employment to
any person to whom the Employee actually knows the Company has offered employment.

 

6.2           Employee
agrees to be bound by the provisions of this Section 6 in consideration for the Company’s employment of Employee, payment
of the compensation and benefits provided under Section 3 and Section 4 above and the covenants and agreements set forth herein.
The provisions of this Section 6 shall apply during the term of Employee’s employment with the Company and for a period of
one (1) year following termination of the Employee’s employment; provided, however, that the provisions of this Section
6 shall cease to apply immediately upon any “change in control” or in the event that the Company terminates Employee’s
employment for any reason other than for Cause. For the purposes of this Agreement, a “change in control” shall mean
(i) the consummation of a reorganization, merger, share exchange, consolidation or similar transaction, or the sale or disposition
of all or substantially all of the assets of the Company, unless, in any case, the persons beneficially owning the voting securities
of the Company immediately before the transaction beneficially own, directly or indirectly, immediately after the transaction,
at least fifty percent (50%) of the voting securities of the Company or any other corporation or other entity resulting from or
surviving the transaction in substantially the same proportion as their respective ownership of the voting securities of the Company
immediately prior to the transaction. The parties agree that the provisions of this Section 6 shall survive any termination of
this Agreement, Employee will continue to be bound by the provisions of this Section 6 until their expiration and Employee shall
not be entitled to any compensation from the Company with respect thereto except as provided under this Agreement.

 

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6.3           Employee
acknowledges that the provisions of this Section 6 are essential to protect the business and goodwill of the Company. If at any
time the provisions of this Section 6 shall be determined to be invalid or unenforceable by reason of being vague or unreasonable
as to area, duration or scope of activity, this Section 6 shall be considered divisible and shall become and be immediately amended
to only such area, duration and scope of activity as shall be determined to be reasonable and enforceable by the court or other
body having jurisdiction over the matter; and the Employee agrees that this Section 6 as so amended shall be valid and binding
as though any invalid or unenforceable provision had not been included herein.

 

7.          Non-Disparagement.
Both the Company and Employee agree that neither they nor any of their respective affiliates, predecessors, subsidiaries, partners,
principals, officers, directors, authorized representatives, agents, employees, successors, assigns, heirs or family members shall
disparage or defame any other party hereto relating in any respect to this Agreement, their relationship or the Company’s
employment of Employee.

 

8.          Notices.
Any notice required or permitted under this Agreement shall be personally delivered or sent by recognized overnight courier or
by certified mail, return receipt requested, postage prepaid, and shall be effective when received (if personally delivered or
sent by recognized overnight courier) or on the third day after mailing (if sent by certified mail, return receipt requested, postage
prepaid) to Employee at the address indicated on Exhibit A to this Agreement and to the Company at the following address:

 

Voyager Oil & Gas, Inc.

Attn: Chief Executive Officer

2718 Montana Avenue, Suite 220

Billings, Montana 59101

 

Either party may designate a different
person to whom notices should be sent at any time by notifying the other party in writing in accordance with this Agreement.

 

9.          Survival
of Certain Provisions. Those provisions of this Agreement which by their terms extend beyond the termination or non-renewal
of this Agreement (including all representations, warranties, and covenants of the parties) shall remain in full force and effect
and survive such termination or non-renewal.

 

10.         Severability.
Each provision of this Agreement shall be considered severable such that if any one provision or clause conflicts with existing
or future applicable law, or may not be given full effect because of such law, this shall not affect any other provision which
can be given effect without the conflicting provision or clause.

 

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11.         Entire
Agreement. This Agreement, any exhibits and any addendum hereto contain the entire agreement and understanding between
the parties, and supersede all prior agreements and understandings relating to the subject matter hereof. There are no understandings,
conditions, representations or warranties of any kind between the parties except as expressly set forth herein. This Agreement
supersedes and terminates any and all prior employment agreements between the Company and Employee.

 

12.         Assignability.
Employee may not assign this Agreement to any third party for whatever purpose without the express written consent of the Company.
The Company may not assign this Agreement to any third party without the express written consent of Employee except by operation
of law, or through merger, liquidation, recapitalization or sale of all or substantially all of the assets of the Company, provided
that the Company may assign this Agreement at any time to an affiliate of the Company. The provisions of this Agreement shall inure
to the benefit of and be binding upon the parties and their respective representatives, successors, and assigns.

 

13.         Headings.
The headings of the paragraphs and sections of this Agreement are inserted solely for the convenience of reference. They shall
in no way define, limit, extend, or aid in the construction of the scope, extent, or intent of this Agreement.

 

14.         Waiver.
The failure of a party to enforce the provisions of this Agreement shall not be construed as a waiver of any provision or the right
of such party thereafter to enforce each and every provision of this Agreement.

 

15.         Amendments.
No amendments of this Agreement shall be binding upon the Company or Employee unless made in writing, signed by the parties hereto,
and delivered to the parties at the addresses provided herein.

 

16.         Governing
Law; Jurisdiction. This Agreement, including the documents, instruments and agreements to be executed and/or delivered
by the parties pursuant hereto, shall be construed, governed by and enforced in accordance with the internal laws of the State
of Montana, without giving effect to the principles of comity or conflicts of laws thereof. Employee and the Company agree and
consent that any legal action, suit or proceeding seeking to enforce any provision of this Agreement shall be instituted and adjudicated
solely and exclusively in any court of general jurisdiction in Montana, or in the United States District Court having jurisdiction
in Montana and Employee and the Company agree that venue will be proper in such courts and waive any objection which they may have
now or hereafter to the venue of any such suit, action or proceeding in such courts, and each hereby irrevocably consents and agrees
to the jurisdiction of said courts in any such suit, action or proceeding. Employee and the Company further agree to accept and
acknowledge service of any and all process which may be served in any such suit, action or proceeding in said courts, and also
agree that service of process or notice upon them shall be deemed in every respect effective service of process or notice upon
them, in any suit, action, proceeding, if given or made (i) according to applicable law, (ii) by a person over the age of eighteen
(18) who personally served such notice or service of process on Employee or the Company, as the case may be, or (iii) by certified
mail, return receipt requested, mailed to employee or the Company, as the case may be, at their respective addresses set forth
in this Agreement.

 

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17.         Code
Section 409A.

 

17.1         The
payments and benefits provided under this Agreement are intended to satisfy Code Section 409A and any ambiguous provision shall
be construed in a manner that is compliant with or exempt from the application of Code Section 409A. The provisions of this Agreement
shall be interpreted in a manner consistent with this intent. For purposes of Code Section 409A, each payment amount or benefit
due under this Agreement shall be considered a separate payment and Employee’s entitlement to a series of payments or benefits
under this Agreement is to be treated as an entitlement to a series of separate payments.

 

17.2         Notwithstanding
anything to the contrary contained herein, in the event Employee is a “specified employee” within the meaning of Code
Section 409A(a)(2)(B)(i) as of his Separation from Service and is entitled to receive any payment or benefit hereunder upon such
Separation from Service that is subject to Code Section 409A, such payment or benefit may not be made earlier than six months following
the date of Employee’s Separation from Service if required by Code Section 409A, in which case, any accumulated postponed
payment or benefit shall be paid or provided in a lump sum within 10 days after the end of the six-month period. If Employee dies
during the six-month period, any postponed amount shall be paid to the personal representative of his estate within 30 days after
the date of his death.

 

17.3         Any
reimbursement or in-kind benefit provided under this Agreement which constitutes a “deferral of compensation” within
the meaning of Treasury Regulation Section 1.409A-1(b) shall be made or provided in accordance with the requirements of Code Section
409A, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during the period of time
specified in this Agreement, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a taxable
year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other taxable year, (iii)
the reimbursement of an eligible expense will be made no later than the last day of the taxable year following the taxable year
in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange
for another benefit.

 

18.         Counterparts
and Electronic Signatures. 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 Agreement.

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first set forth above.

 

	 	VOYAGER OIL & GAS, INC.
	 	 
	 	/s/ James Russell (J.R.) Reger
	 	By: James Russell (J.R.) Reger
	 	Its: Chief Executive Officer and Secretary
	 	 
	 	EMPLOYEE:
	 	 
	 	/s/ Mitchell R. Thompson
	 	Mitchell R. ThompsonEXHIBIT 10N

 

EMPLOYMENT AGREEMENT

 

This Agreement shall
be effective as of July 1, 2011, and is made by and between Sunteck Transport Co., Inc., a corporation duly organized under the
laws of the State of Florida with its principal place of business at 6413 Congress Ave. Suite 260, Boca Raton, Florida 33487 (the
“Company”), and Mark Weiss, an individual (the “Executive”).

 

WHEREAS, the Company
is in the business of providing transportation and related services through the recruitment, retention, development, and management
of a network of independent “transportation agents” (the “Business”);

 

WHEREAS, the Executive
is an experienced brokerage operations and sales professional;

 

WHEREAS, the Company
desires to employ the Executive in furtherance of the Business, and the Executive desires a senior management role with the Company;
and

 

WHEREAS, the parties
have agreed that the Executive and the Company shall enter into this contract of employment on the terms and conditions set forth
herein.

 

NOW, THEREFORE, in
consideration of the premises and the mutual covenants, terms and conditions hereinafter set forth, and for other good and valuable
consideration, receipt whereof is specifically acknowledged, the parties hereto hereby agree as follows:

 

1.    Employment

 

The Company
hereby employs the Executive, and the Executive hereby accepts employment with the Company on the terms and conditions set forth
in this Agreement.

 

2.   The
Executive’s Duties

 

(a) The
Executive hereby agrees to serve the Company faithfully and honestly and to use his best efforts and ability to serve the Company
in the capacity of Executive Vice President or such other primary senior management position as the Board of Directors of the Company
may assign, and to perform such duties as are assigned to him consistent with such position and authority. 

 

(b) The
Executive agrees to devote his entire time, energy, and skill during regular business hours to such employment and not to engage
in any other employment or activities competitive with those of the Company, either paid or unpaid, of any nature during the term
of this Agreement and his employment hereunder. Nothing in this Section 2(b), however, will prevent Executive from engaging in
additional activities in connection with personal investments and community affairs that are not inconsistent with Executive’s
duties under this Agreement.

 

    	 

    	 

    

 

(c) The
Executive’s principle business office shall the Company’s corporate offices in Boca Raton, Florida. 

 

3.   Term

 

The Term of
employment under this Agreement shall be for an initial four and one-half (41⁄2) year period commencing on the effective date
hereof (the “Employment Period”), unless earlier terminated pursuant to Section 6.

 

4.   Compensation
and Benefits

 

In consideration
for the services to be rendered by the Executive to the Company, the Company hereby agrees to pay compensation to the Executive
as follows for any and all services provided by the Executive:

 

(a) Base
Salary: One Hundred Eighty Seven Thousand Five Hundred Dollars ($187,500) annually, payable not less frequently than monthly
according to the Company’s standard payroll schedule.

 

(b) Bonus:
At the discretion of management.

 

(c) Expenses
- Executive shall be reimbursed for all properly authorized, documented and reasonable business related expenses by submitting
reports and documentation in accordance with Company policy, provided, that the Executive shall also receive a $1,250 monthly auto
allowance.

 

(d) Benefits
- Executive shall be entitled to benefits as provided in the Company’s employee handbook, which currently include group health,
dental and life insurances, based on his time in service with the Company or any parent, subsidiary or affiliate of the Company.
Notwithstanding the provisions of the Company’s employee handbook, during the Employment Period Executive shall be entitled
to twenty (20) days paid time off per year (or pro rated potion thereof); provided, however, such amount shall not carry over from
year to year and otherwise has no cash value.

 

5.   The
Executive’s Rights Under Certain Plans

 

The Company agrees that nothing contained
herein is intended to or shall be deemed to be granted to the Executive in lieu of any rights and privileges which the Executive
may be entitled to as an employee of the Company under any retirement, pension, insurance, hospitalization, or other plan which
may now or hereafter be in effect, it being understood that the Executive shall have the same rights and privileges to participate
in such plans or benefits as any other employee of the Company, and said right shall specifically extend to participation in any
future Stock Incentive Plan according to the terms and conditions of such plan, if any.

 

    	 

    	 

    

 

6.   Termination

 

(a) Notwithstanding
anything to the contrary contained herein, the Company may terminate this Agreement, the Executive’s employment hereunder,
and all compensation due to the Executive hereof at any time for “Cause.” For purposes of this Agreement, termination
for “Cause” shall mean (i) material neglect of duties for which the Executive is employed, or material misconduct or
dishonesty in the performance of such duties, (ii) the Executive’s committing fraud, misappropriation or embezzlement in
the performance of his duties as an employee of the Company, (iii) the Executive’s conviction of any felony which, as determined
in good faith by the Company, constitutes a crime involving moral turpitude, (iv) a breach of Section 7, Section 8 or Section 9
of this Agreement. In the event of any termination under this Section 6(a), the Executive shall be entitled only to such rights
and compensation as shall have accrued prior to such termination or violation.

 

(b)
If there shall occur a “Change in Control” (as hereinafter defined), then the Company may terminate the Executive’s
employment hereunder by written notice within thirty (30) days of the occurrence of a Change in Control and on the Termination
Date any unvested stock options of AutoInfo, Inc. owned by the Executive shall immediately vest and become exercisable.  Upon
the termination of the Executive’s employment based on a Change in Control, the Company shall make a lump sum cash payment
to the Executive equal to one and one-half times of his Base Compensation.  A “Change in Control” shall be
deemed to occur upon: (a) the sale by the Company’s parent, AutoInfo, Inc., of all or substantially all of its assets to
any person (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended); (b) the consolidation
or merger of AutoInfo, Inc. with any person as a result of which merger Auto is not the surviving entity and with respect to which
persons who were the stockholders of AutoInfo, Inc. immediately prior to such consolidation or merger do not, immediately thereafter
own more than 50% of the combined voting power entitled to vote generally in the election of directors of the consolidated or merged
company’s then outstanding voting securities; or (c) a tender offer, merger, consolidation, sale of assets or contested election
or any combination of the foregoing transactions in which the persons who were directors of AutoInfo, Inc. immediately before the
transaction cease to constitute a majority of the Board or any successor to Auto.  An “affiliate” shall mean
any person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control
with, any other person. 

 

(c)
In the event of the Executive’s death during his employment hereunder; this Agreement, the Executive’s employment hereunder,
and all compensation due to the Executive pursuant to Section 4 hereof shall cease as of the date of death; provided that the legal
heirs of the Executive or the representatives of the Executive’s estate shall be entitled to payment of such compensation
as shall have accrued prior to the Executive’s death.

 

    	 

    	 

    

 

(d)
If, during the term of this Agreement, the Executive shall be unable to perform his duties hereunder on account of illness, disability,
or other incapacity, as determined in good faith and in the reasonable judgment of the Company’s board of directors, and
such illness, disability and other incapacity shall continue for a period of more than two (2) consecutive months in any twelve
(12) month period, the Company shall thereafter have the right, on not less than thirty (30) days’ written notice to the
Executive, to terminate this Agreement. In such an event, the Executive shall not be entitled to any future cash or non-cash compensation,
benefits or termination pay. However, if, prior to the date specified in such notice, the Executive shall have recovered from the
illness or other incapacity and shall have fully resumed the performance of his duties hereunder for thirty (30) consecutive business
days, the Executive shall be entitled to continue his employment with full compensation as though such notice had not been given.

 

7.   Confidential
Information

 

The Executive
agrees to receive Confidential Information (as hereinafter defined) of the Company in confidence, and not to disclose to others,
assist others in the application of, or use for his own gain, such information, or any part thereof, unless and until it has become
public knowledge or has come into the possession of such other or others by legal and equitable means. The Executive further agrees
that, upon termination of his employment with the Company, all documents, records, notebooks and similar tangible or electronic
repositories of or containing Confidential Information, including copies thereof, then in the Executive’s possession, whether
prepared by him or others, will be returned to the Company. For purposes of this Section 7, “Confidential Information”
means information disclosed to the Executive or known by the Executive as a consequence of or through his employment by the Company
or any predecessor or successor company, not generally known in the industry in which the Company is or may become engaged about
the Company’s products, processes and services. By way of example, and not limitation, Confidential Information means customer
billing practices and rates, carrier payment practices and rates, incentive compensation formulas, agent commission rates and
formulas, terms and conditions of agency contracts between the Company and its agents and employees. The Executive’s obligations
under this Section 0 shall survive any termination or expiration of this Agreement and the Executive’s employment hereunder
and to the extent that any information is received about the Company pending Closing pursuant to this Agreement, this clause shall
survive the failure to close and any related dissolution of this Agreement.

 

    	 

    	 

    

 

8.   Intellectual
Property

 

The Executive
covenants and agrees that he will disclose promptly and fully, and assign and transfer to the Company, its successors and assigns,
without further consideration, full and absolute rights, title and interest in and to any and all inventions, designs, or discoveries
of any kind and nature, patentable or unpatentable, and in and to any and all writings, designs, drawings, and the like, conceived
or created by the Executive, individually or jointly with others, during his employment by the Company or at any time subsequent
thereto, and relating or derived from, in the reasonable opinion of the Company, in any material way to the Company’s products,
processes, apparatus or business, together with the right on the part of the Company, its successors and assigns, to obtain Patent
or Copyright or other intellectual property right protection thereon in the United States and all countries foreign thereto, in
the Company’s name or otherwise, covering such inventions, improvements, designs, discoveries or writings. The Executive
further agrees to execute and acknowledge all papers and to do, at the Company’s expense, any and all other things necessary
for or incident to the applying for, obtaining and maintaining of such Patents, Copyrights or other intellectual property rights,
as the case may be, and to execute, on request, whether during or after the terms of employment hereunder, all papers necessary
to assign and transfer such inventions, improvements, designs, discoveries, writings, copyrights, patents, patent applications
and other intellectual property rights of the Company, its successors and assigns. The obligations of the Executive under this
Section 8 shall survive any termination or expiration of this Agreement.

 

9.   Restrictive
Covenants

 

(a)
The Executive acknowledges that: the Company is engaged in the Business; his work for the Company will give him access to Confidential
Information concerning the Company (and its subsidiaries and affiliates); and the Business of the Company, which is conducted throughout
the United States and Canada, their respective possessions and territories. Accordingly, to induce the Company to enter into this
Agreement and in consideration of the compensation structure provided herein, the Executive covenants and agrees that:

 

(i) Non-Competition
with the Company. So long as the Executive is employed by the Company, the Executive shall not enter the employ of or contract
for his services with any other company engaged in the same or substantially the same Business as the Company.

 

(ii) Non-Solicitation.
So long as the Executive is employed by the Company, and for a period of one (1) year from termination of such employment, regardless
of the reason for such termination, the Executive shall not directly or indirectly, for his own account or the account of another
with whom the Executive has a business or compensation based relationship, solicit, engage, hire, provide services to or on behalf
of, as the case may be, any employee, transportation or sales agent, or customer of the Company, or encourage or attempt to persuade
any employee, transportation or sales agent, or customer of the Company to modify or terminate its or their affiliation or business
relationship with the Company.

 

(iii) Confidential
Information. The Executive agrees that at no time subsequent to his termination of employment with the Company shall he make
use of any documents, writings, trade secrets, Confidential Information or any such material of proprietary nature belonging to
the Company or its subsidiaries and affiliates.

 

    	 

    	 

    

 

Sections 9(a)(ii)
and (iii) shall not be construed in such a way that the Executive is prevented from seeking employment elsewhere, but rather shall
be prohibited from making contact with the Company’s employees, customers and transportation and sales agents, and prohibited
from using any materials or Confidential Information of the Company at any time subsequent to the termination of employment with
the Company.

 

(b)
If any court determines that any of the forgoing Restrictive Covenants, or any part thereof, is invalid or unenforceable, the remainder
of the Restrictive Covenant(s) will not thereby be affected and will be given full effect, without regard to the invalid portions.

 

(c)If
any court determines that any of the forgoing Restrictive Covenants, or any part thereof, is unenforceable because of the duration
of such provision or the area covered thereby, such court will have the power to reduce the duration or area of such provision
and, in its reduced form, such provision will then be enforceable and will be enforced.

 

10.  Executive’s
Representation and Warranties. 

 

(a)
Executive represents and warrants that he has the full right and authority to enter into this Agreement and fully perform his obligations
hereunder, that he is not subject to any non-competition agreement other than with the Company, and that his performance under
this Agreement will not infringe on the proprietary rights of others or use or disclose another party’s statutory trade secrets.
Executive further represents and warrants that he is not obligated under any contract (including, but not limited to, licenses,
covenants or commitments of any nature) or other agreement or subject to any judgment, decree or order of any court or administrative
agency which would conflict with his obligation to use his best efforts to perform his duties hereunder or which would conflict
with the Company’s business and operations as presently conducted or proposed to be conducted. Neither the execution nor
delivery of this Agreement, nor the carrying on of the Company’s business as officer and employee by Executive will conflict
with or result in a breach of the terms, conditions or provisions of or constitute a default under any contract, covenant or instrument
to which Executive is currently a party. 

 

11.  Rights
and Remedies Upon Breach

 

The Executive
acknowledges and agrees that a violation of any of the restrictive covenants contained in this Agreement shall cause certain harm
to the Company and the Company shall be entitled to specific performance of this Agreement or an injunction with proof of specific
damages, together with costs and attorney’s fees incurred by the Company in enforcing its rights under this Agreement. If
the Executive breaches, or threatens to commit a breach of any of the provisions of Sections 7, 8 or 9, the Company shall have
the following rights and remedies, each of which rights and remedies shall be independent of the other and severally enforceable,
and all of which rights and remedies shall be in addition to, and not in lieu of, any other rights and remedies available to the
Company under law or in equity.

 

    	 

    	 

    

 

(a)
The rights and remedy to have the Restrictive Covenants specifically enforced by any court of competent jurisdiction including,
without limitation, the right to an entry against the Executive of restraining orders and injunctions (preliminary, mandatory,
temporary and permanent), with proof of specific damages, against violations, threatened or actual, and whether or not then continuing
of such covenants, it being acknowledged and agreed that any such breach of threatened breach will cause certain injury to the
Company and that money damages will not provide an adequate remedy to the Company.

 

(b)
The right and remedy to require the Executive to account for and pay over to the Company all compensation, profits, monies, accruals,
increments, or other benefits derived or received by the Executive as the result of any transaction constituting a breach of the
Restrictive Covenants. The Company may set off any amounts due it under this Section 11(b) against any amounts owed to the Executive
under Section 4.

 

12.  Entire
Agreement

 

This Agreement
supersedes and cancels any and all prior agreements between the parties hereto, express or implied, relating to the subject matter
hereof. This Agreement sets forth the entire Agreement between the parties hereto. It may not be changed, altered, modified or
amended except in a writing signed by both parties.

 

13.  Non-Waiver

 

The failure
or refusal of either party to insist upon the strict performance of any provision of this Agreement or to exercise any right in
any one or more instances or circumstances shall not be construed as a waiver or relinquishment of such provision or right, nor
shall such failure or refusal be deemed a custom or practice contrary to such provision or right.

 

14.  Non-Assignment
and Company’s Notice of Continuing Obligation 

 

The Executive
shall have no right to assign any of the rights, nor to delegate any of the duties, created by the Agreement, any assignment or
attempted assignment of the Executive’s rights, and delegation or attempted delegation of the Executive’s duties, shall
be null and void. However, the Executive shall have the right to assign his right to receive compensation under Section 4(b) to
his estate or his family in the event of his death or mental incapacity. In all other respects, this Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective heirs, beneficiaries, personal representatives,
successors, assigns, officers and directors.

 

    	 

    	 

    

 

15.  Severability

 

If any section,
term or provision of this Agreement shall be held or determined to be unenforceable, the balance of this Agreement shall nevertheless
continue in full force and effect unaffected by such holdings or determination.

 

16.  Notice

 

All notices
hereunder shall be in writing. Notices may be delivered personally, or by mail, postage prepaid, to the respective addresses noted
above. Either party may designate a new address for purposes of this Agreement by notice to the other party.

 

17.  Attorney’s
Fees

 

Should either
party engage the services of an attorney to enforce the terms of this Agreement by judicial proceedings, the prevailing party shall
be entitled to receive its expenses, including attorney’s fees in connection with such action.

 

18.  Governing
Law

 

This Agreement
shall be governed and construed in accordance with the laws of the State of Florida and the parties agree that any federal or state
courts of competent subject matter jurisdiction, shall have jurisdiction over this Agreement and any controversies arising from
this Agreement shall be brought only in such courts.

 

IN WITNESS WHEREOF,
the parties hereof have set their signatures and seals as of the date first above written.

	 	 	Sunteck Transport Co., Inc.
	 	 	 	 
	/s/ Mark Weiss	 	By:	/s/ Harry Wachtel
	Executive	 	President
	 	 	 	 
	Mark Weiss	 	Harry Wachtel

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