Document:

Exhibit
10.1

     

    EMPLOYMENT
AGREEMENT

     

    THIS EMPLOYMENT AGREEMENT
(“Agreement”),
dated as of March 1, 2010 to be effective April 5, 2010 (the “Effective Date”), by
and between ATS Corporation, a Delaware corporation (hereinafter referred to as
“Employer”),
and Sidney E. Fuchs, an individual (hereinafter referred to as “Executive”) residing
at the address set forth on the signature page hereof.

     

    WITNESSETH:

     

    WHEREAS, Employer desires to
engage or employ Executive to perform services for Employer (or any present or
future parent, subsidiary, or affiliate of Employer and any successor or assign
of Employer) upon the terms and conditions set forth below, and Executive
desires to accept employment upon such terms and conditions.

     

     NOW, THEREFORE, in
consideration of the premises and the mutual covenants and agreements contained
herein and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to
be legally bound, hereby agree as follows:

     

    1.           EMPLOYMENT.  Employer
hereby employs Executive to serve in the position of Executive Vice President
and Chief Operating Officer, and Executive hereby accepts employment by Employer
in such position, upon all of the terms and conditions set forth in this
Agreement.

     

    2.           TERM.  This
Agreement and the term of Executive’s employment hereunder (the “Employment Term”) (i)
shall begin on the Effective Date and, unless earlier terminated as set forth in
Section 11 hereof, shall continue through April 4, 2013 (the “Initial Term”) and
(ii) after the end of the Initial Term, shall renew automatically, on the terms
then in effect, for successive one (1)-year terms (each, a “Renewal Term”),
subject to the right of either party to terminate this Agreement upon thirty
(30) days’ prior written notice to the other party.  Further, the
phrase “termination of employment” as used hereinafter shall be deemed to be
“separation from service” under Section 409A of the Internal Revenue Code (the
“Code”).

     

    3.           EXECUTIVE’S
REPRESENTATIONS AND WARRANTIES.  Executive represents, warrants
and covenants to Employer that he is free to accept employment with Employer as
contemplated herein and has no other written or oral obligations or commitments
of any kind or nature that would in any way interfere with his acceptance of
employment pursuant to the terms hereof or the full performance of his
obligations hereunder or that would otherwise pose any conflict of
interest.

    
      
         

      

      
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    4.           DUTIES
AND EXTENT OF SERVICES.

     

    (a)           Duties.  During
the Employment Term, Executive shall serve in the position of Executive Vice
President and Chief Operating Officer and shall have such authority and perform
such duties as are commensurate with such position and as reasonably assigned by
Employer and consistent with such position.  In addition, Executive
shall hold such other office(s) with Employer (or any affiliates of Employer) to
which he may be elected, appointed or assigned from time to time, and to which
he has consented, and shall discharge the duties related to such
offices.

     

    (b)           Extent of
Service.  During the Employment Term, Executive shall devote
his full business time, skill, attention and energy exclusively, diligently, and
competently to perform the duties and responsibilities assigned to him hereunder
or pursuant hereto, provided that he may
manage personal investments, and, with the consent of Employer, which shall not
be unreasonably withheld, delayed or conditioned, serve on corporate, civic or
charitable boards (it being understood that Employer has agreed that Executive
may continue to serve on up to two existing corporate
boards).  Executive shall be available to travel as the reasonable
needs of the business of Employer require.

     

    5.           COMPENSATION.

     

    (a)           Base
Salary.  Subject to Section 11 of this Agreement, for all
services rendered under this Agreement during the Term, Employer shall pay to
Executive a base salary of Three Hundred Seventy-Five Thousand Dollars
($375,000) per annum, as increased from time to time with the approval of the
Compensation Committee (“Base
Compensation”).  The Base Compensation shall be payable in
installments in accordance with Employer’s normal payroll practices for
compensating its Executives and shall be subject to payroll deductions and tax
withholdings in accordance with Employer’s usual practices and as required by
law.  Effective with Employer’s 2011 salary review cycle for officers
and senior managers, Executive shall become eligible to receive annual increases
consistent with Employer’s practices with respect to annual salary increases
given to other Executives of Employer with responsibilities, titles and
performance comparable to those of Executive.

     

    (b)           Incentive Compensation.
  Beginning immediately but on a pro rata basis for calendar
year 2010, Executive shall be entitled to performance-based incentive
compensation (“Incentive
Compensation”) in an amount up to 75% of the Base
Compensation.  The Incentive Compensation payable for each applicable
period shall be contingent on and based on corporate and individual performance
criteria agreed to between Executive and the Compensation Committee from time to
time.  All payments of Incentive Compensation will be made on or
before March 15th of the
year following the calendar year to which the Incentive Compensation
relates.

     

    (c)           Additional Stock
Compensation.  On his first day of employment, Executive will
be awarded restricted stock and incentive stock options as
follows:  60,000 shares of restricted stock vesting over a three-year
period (with an annual vesting schedule of 10,000, 15,000 and 35,000 shares
beginning April 1, 2011); and 40,000 incentive stock options vesting over a
four-year period commencing April 1, 2011 (with an annual vesting schedule of
5,000, 5,000, 10,000, and 20,000 shares).

    
      
         

      

      
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    (d)           Sign-On
Bonus.  As an inducement to join the Company, Executive shall
be entitled to a sign-on bonus of $50,000.  Promptly after the
Effective Date Executive shall be paid $25,000 (subject to payroll deductions
and tax withholdings in accordance with Employer’s usual practices and as
required by law) and on the six-month anniversary of employment, if still
employed by the Company, Executive shall be paid the balance (also subject to
payroll deductions and tax withholdings in accordance with Employer’s usual
practices and as required by law).

     

    6.           FRINGE
BENEFITS AND EXPENSES.

     

    (a)           Fringe
Benefits.  Executive shall be entitled to such fringe benefits
as are generally made available by Employer to executive personnel, including,
but not limited to, health insurance and paid time off at the Executive’s
discretion consistent with the performance of his responsibilities.

     

    (b)           Expenses.  Employer
shall reimburse Executive for his reasonable out-of-pocket costs and expenses in
connection with the performance of his duties and responsibilities hereunder,
subject to the submission of appropriate vouchers, bills and receipts in
accordance with Employer’s policies from time to time in effect, including
sufficient detail to entitle Employer to income tax deductions for such paid
items, if such items are so deductible, provided, however, that (i) the
amount of such expense eligible for reimbursement in any taxable year shall not
affect the expenses eligible for reimbursement in another taxable year and (ii)
any reimbursements of such expenses shall be made no later than the end of the
calendar year following the calendar year in which the related expenses were
incurred.

     

    
      
         

      

      
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    7.           NON-COMPETITION
AND NON-SOLICITATION.

     

    (a)            For
as long as Executive shall remain employed by Employer and, provided that
Executive’s employment is not terminated by either Executive or Employer on or
before the six month anniversary of the Effective Date (in which case this
Section 7 shall apply only to the extent provided in Section 11(a)), during the
following periods: (i) twelve months if Executive’s employment is terminated by
Employer for Cause or by Employee other than for Good Reason pursuant to Section
11, (ii) twelve months following termination of Executive’s employment if
terminated by Executive for Good Reason pursuant to Section 11, and (iii)
eighteen months following termination of Executive’s employment if terminated by
Employer without Cause (the applicable period, the “Non-Competition
Period”), Executive shall not, directly or indirectly, as principal,
agent, executive, employer, consultant, independent contractor, stockholder,
partner or in any other individual capacity whatsoever (except as permitted
herein), engage in any Competitive Business Activities without the written
consent of Employer, which shall not unreasonably be withheld.  For
purposes of this Agreement, “Competitive Business
Activity” means providing, or soliciting the opportunity to provide,
products or services that are directly competitive with the activities of
Employer provided, on the date of termination of Executive’s employment or
during the six months prior thereto, to Customers or Prospective
Customers.  “Customers” means
specific customer personnel, programs or contracts or commercial customers that
are direct or indirect (through teaming, subcontracting or other similar
vehicles) customers of Employer on the date of termination of Executive’s
employment or during the six months prior thereto. “Prospective Customer”
means any specific customer personnel, programs or contracts or commercial
customers as to which Executive has knowledge based on his employment with
Employer and that Employer is soliciting or has actively solicited (or had
targeted for solicitation) to become a Customer as of the date of termination of
Executive’s employment or during the six months prior thereto.  The
foregoing shall not prevent Executive from (i) being engaged in providing
products or services that are not competitive with those provided by Employer on
the date of termination of Executive’s employment or during the six months prior
thereto to Customers or Prospective Customers, (ii) being engaged in providing
products or services that are competitive with those provided by Employer on the
date of termination of Executive’s employment or during the six months prior
thereto to parties that would not reasonably be regarded as Customers or
Prospective Customers, or (iii) owning for investment purposes up to 5% of the
outstanding securities of a publicly traded company engaged in a Competitive
Business Activity (provided that, in no
event shall Executive own more than 5% of the outstanding securities of a
publicly traded company engaged in a Competitive Business
Activity).

     

    (b)           For
a period equal to the longer of (i) five (5) years after the Effective Date and
(ii) two (2) years after Executive ceases, for any reason, to be employed by
Employer or its affiliates, Executive shall not (for his own benefit or for the
benefit of any party other than Employer and its affiliates), solicit, or assist
any party other than Employer to solicit, any officer, director, executive or
Executive of Employer or any of their respective affiliates to leave his or her
employment.

     

    (c)           Executive
has carefully read and considered the provisions of this Section 7, and,
having done so, agrees that (i) the restrictions set forth herein are
reasonable, in terms of scope, duration, geographic scope and otherwise, (ii)
Employer is in the process of expanding its operations and Executive will have
access to critical information regarding its operations and therefore the broad
scope of the restrictions relating to Employer’s business are necessary, (iii)
the protection afforded to Employer hereunder is necessary to protect its
legitimate business interests and is no greater than necessary to protect such
interests, (iv) the agreement to observe such restrictions forms a material part
of the consideration for this Agreement and Executive’s employment by Employer
and (v) upon the termination of Executive’s employment with Employer for any
reason, he will be able to earn a livelihood without violating the foregoing
restrictions.  In the event that, notwithstanding the foregoing, any
of the provisions of this Section 7 shall be held to be invalid or
unenforceable, the remaining provisions thereof shall nevertheless continue to
be valid and enforceable as though the invalid or unenforceable parts had not
been included therein.  In the event that any provision of this
Section 7 relating to the time period and/or the areas of restriction and/or
related aspects shall be declared by a court of competent jurisdiction to exceed
the maximum restrictiveness such court deems reasonable and enforceable, the
time period and/or areas of restriction and/or related aspects deemed reasonable
and enforceable by the court shall become and thereafter be the maximum
restriction in such regard, and the restriction shall remain enforceable to the
fullest extent deemed reasonable by such court.

    
      
         

      

      
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    (d)           Executive
agrees that Employer’s remedies at law for any breach or threat of breach by his
of any of the provisions of this Section 7 will be inadequate and that Employer
shall be entitled to seek an injunction or injunctions to prevent breaches of
the provisions of this Section 7 and to enforce specifically the terms and
provisions thereof, in addition to any other remedy to which Employer may be
entitled at law or equity.  Employer agrees that the Employee’s
obligations under this Section 7 are contingent upon Employer fulfilling its
obligations to make the payments required by Section 11, Section 12, and Section
13.

     

    8.           TRADE
SECRETS.  Executive shall not use or disclose any of Employer’s
trade secrets or other confidential information.  The term “trade
secrets or other confidential information” includes, by way of example, matters
of a technical nature, such as scientific, trade and engineering secrets,
“know-how,” formulae, secret processes or machines, inventions, computer
programs (including documentation of such programs) and research projects, and
matters of a business nature, such as proprietary information about costs,
profits, markets, sales, lists of customers, plans for future development, and
other information of a similar nature that is designated as confidential or
generally maintained as confidential or proprietary by
Employer.  After termination of Executive’s employment, Executive
shall not use or disclose trade secrets or other confidential information unless
such information becomes a part of the public domain other than through a breach
of Employer’s policies or is disclosed to Executive by a third party who is
entitled to receive and disclose such information.

     

    9.           RETURN OF
DOCUMENTS AND PROPERTY. Upon the effective date
of notice of Executive’s or Employer’s election to terminate Executive’s
employment, or at any time upon the request of Employer, Executive (or his heirs
or personal representatives) shall deliver to Employer (a) all documents and
materials containing trade secrets or other confidential information relating to
Employer’s business and affairs, and (b) all documents, materials and other
property belonging to Employer, which in either case are in the possession or
under the control of Executive (or his heirs or personal
representatives).

     

    10.         DISCOVERIES
AND WORKS.  All discoveries and works made or conceived by
Executive during his employment by Employer, jointly or with others, that relate
to Employer’s activities shall be owned by Employer.  The term
“discoveries and works” includes, by way of example, inventions, computer
programs (including documentation of such programs), technical improvements,
processes, drawings and works of authorship.  Executive shall (a)
promptly notify, make full disclosure to, and execute and deliver any documents
requested by, Employer to evidence or better assure title to such discoveries
and works in Employer, (b) assist Employer in obtaining or maintaining for
itself at its own expense United States and foreign patents, copyrights, trade
secret protection or other protection of any and all such discoveries and works,
and (c) promptly execute, whether during his employment by Employer or
thereafter, all applications or other endorsements necessary or appropriate to
maintain patents and other rights for Employer and to protect its title
thereto.  Any discoveries and works which, within six months after the
termination of Executive’s employment by Employer, are made, disclosed, reduced
to a tangible or written form or description, or are reduced to practice by
Employer and which pertain to the business carried on or products or services
being sold or developed by Employer at the time of such termination shall, as
between Executive and Employer, be presumed to have been made during Executive’s
employment by Employer.  Set forth on Schedule 10 attached
hereto is a list of inventions, patented or unpatented, if any, including a
brief description thereof, which are owned by Executive, which Executive
conceived or made prior to his employment by Employer and which are excluded
from this Agreement.

    
      
         

      

      
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    11.         TERMINATION OF
EMPLOYMENT.

     

    (a)           During
the first six (6) months of Executive’s employment, either  Executive
or Employer may terminate this Agreement for any reason.  In such case
Executive will be paid six months of Executive’s Base Compensation as severance
in accordance with the provisions in this Section 11, Section 12 or Section 13,
as applicable.  Such payments will be made on the normal pay dates as
established by Employer for all of its employees.

     

    (b)           Thereafter,
and upon thirty (30) days’ prior written notice, Employer may terminate
Executive’s employment, with or without “Cause,” as defined in Section 11(g)
below.  Upon thirty (30) days’ prior written notice, Executive may
terminate his employment, with or without “Good Reason,” as defined in Section
11(f) below.  Upon any termination of Executive’s employment (the
“Date of
Termination”) for any reason, Employer shall:

     

    
      	
               
      

            	
              (i)

            	
              pay
      to Executive any unpaid Base Compensation through the Date of
      Termination;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              provide
      to or for the benefit of Executive the benefits, if any, otherwise
      expressly provided under this Section 11, Section 12 or Section 13, as
      applicable.

            

    

     

    Any
payments of unpaid Base Compensation that are to be made pursuant to Section
11(b)(i) in connection with the termination of Executive’s employment are
subject to the provisions of Section 20 and shall be paid in cash (with
deduction of such amount as may be required to be withheld under applicable law
and regulations) within ten (10) business days after Executive’s termination of
employment; provided, however, that if such
ten-day period beings in one calendar year and ends in another, Executive may
not choose in which taxable year such payment will be paid.  All other
compensation and employment benefit arrangements provided for in this Agreement
shall cease upon such termination of employment except to the extent required by
law or otherwise expressly provided by such arrangements.

     

    (c)           In
the event Employer terminates Executive’s employment without Cause or Executive
terminates his employment for Good Reason, in either case after the six month
anniversary of the Effective Date, then, in addition to the benefits provided
for under Sections 11(b)(i) and 11(b)(ii) and Executive’s eligibility to
continue to participate in health and other insurance programs during the period
of eighteen (18) months following the termination of employment, and subject to
the provisions of Sections 13 and 20, Employer shall pay to Executive a
severance benefit in an amount equal to 18 months of Executive’s then applicable
Base Compensation.  Such severance benefit will be payable as
follows:  (1) an amount equal to six (6) months of Executive’s Base
Compensation will be paid on the day that is six months and one day after
Executive’s termination of employment, and (2) the remaining twelve (12) months
of Executive’s Base Compensation shall be paid to Executive in twelve (12)
monthly installments, commencing on the date that is seven (7) months after
Executive’s termination of employment and ending on the date that is eighteen
(18) months after Executive’s termination of employment.  All such
payments will be subject to all applicable withholding
requirements.  In addition, all unvested restricted stock, stock
options and any other equity-based compensation arrangements shall vest, and all
stock options and other equity-based compensation arrangements that must be
exercised, shall be exercisable in accordance with the applicable award
agreement.

    
      
         

      

      
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    (d)           In
the event Employer terminates Executive’s employment for Cause, then, in
addition to the benefits provided for under Sections 11(b)(i) and 11(b)(ii), all
unvested stock options and any other equity-based compensation arrangements
shall be terminated and all vested stock options shall be exercisable in
accordance with the applicable award agreement.

     

    (e)           In
the event Executive terminates his employment without Good Reason, then, in
addition to the benefits provided for under Sections 11(b)(i) and 11(b)(ii), all
unvested stock options and any other equity-based compensation arrangements
shall be terminated and all vested stock options shall be exercisable in
accordance with the applicable award agreement.

     

    (f)           For
purposes of this Agreement, Executive shall be considered to have “Good Reason” to
terminate his employment if, without his express written consent (except as
contemplated by this Agreement or in connection with the termination of his
employment voluntarily by Executive, by Employer for Cause, or under the
circumstances described in Section 13 hereof), (i) the responsibilities of
Executive are substantially reduced or altered, (ii) Executive’s Base
Compensation and/or target incentive compensation percentage as outlined in
Section 5(b) is reduced without his consent, (iii) Employer materially breaches
the terms of this Agreement, (iv) Employer directs Executive to undertake any
action that Executive reasonably believes is unethical or illegal, or (v)
Executive’s offices are relocated anywhere other than within a fifty (50) mile
radius of his office in McLean, Virginia; provided, however,
that if Executive terminates this Agreement for one or more of the reasons
stated in clauses (i), (ii), (iii) or (iv), Employer shall have a period of
thirty (30) business days after actual receipt of written notice of Executive’s
assertion of Good Reason to cure the basis for such assertion, and, in the event
of cure (or the commencement of steps reasonably designed to result in prompt
cure), the assertion of Good Reason shall be null and void.

     

    (g)           For
purposes of this Agreement, Employer shall have “Cause” to terminate
Executive’s employment hereunder upon (i) the continued, willful and deliberate
failure of Executive to perform his duties in a manner substantially consistent
with the manner prescribed by the Chief Executive Officer (other than any such
failure resulting from his incapacity due to physical or mental illness), (ii)
the engaging by Executive in misconduct materially and demonstrably injurious to
Employer, (iii) the conviction of Executive of commission of a felony, whether
or not such felony was committed in connection with Employer’s business, or (iv)
the circumstances described in Section 13 hereof, in which case the provisions
of Section 13 shall govern the rights and obligations of the parties; provided, however,
that if Employer terminates this Agreement for one or more of the reasons stated
in clause (i) or (ii), Executive shall have a period of thirty (30) business
days after actual receipt written notice of Employer’s assertion of Cause to
cure the basis for such assertion, and, in the event of cure (or the
commencement of steps reasonably designed to result in prompt cure), the
assertion of Cause shall be null and void.

    
      
         

      

      
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    (h)           Notwithstanding
any other provision hereof, Executive shall not be entitled to receive any
payment under Section 11 or 12 of this Agreement that is treated as “deferred
compensation” within the meaning of Section 409A of the Code and the regulations
thereunder prior to the time such payment is permitted to be made under Section
409A(a)(2)(B) of the Code.

     

    (i)           Notwithstanding
any other provision hereof, Executive shall not be entitled to receive any
payment under Section 11 or 12 of this Agreement unless Executive first executes
and delivers to Employer a general release in the form attached as Exhibit
A.

     

    12.         CHANGE IN
CONTROL.

     

    (a)           All
unvested restricted stock, stock options and any other equity-based compensation
arrangements theretofore granted to Executive shall vest in full on the date of
a “Change in Control” (as defined in Section 12(c) below).

     

    (b)           In
the event that Employer terminates Executive’s employment with Employer without
Cause after a “Change in Control” (as defined in Section 12(c) below), or if
Executive terminates his employment with Employer for Good Reason (in accordance
with Sections 11(f) and 11(g) above) after a Change in Control, then, in
addition to the benefits provided for under Sections 12(a), 11(b)(i) and
11(b)(ii), Employer shall make available and pay to Executive the benefits
referred to in Section 11(c) above.

     

    (c)           For
purposes of this Agreement, “Change in Control”
shall mean an occurrence of any of the following events:

     

    
      	
               
      

            	
              (i)

            	
              an
      acquisition (other than directly from Employer) of any voting securities
      of Employer (the “Voting
      Securities”) by any “person or group” (within the meaning of
      Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the
      “Exchange
      Act”)) other than an employee benefit plan of Employer, immediately
      after which such person or group has “Beneficial Ownership” (within the
      meaning of Rule 13d-3 under the Exchange Act) of more than fifty percent
      (50%) of the combined voting power of Employer’s then outstanding Voting
      Securities; or

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      consummation of (A) a merger, consolidation or reorganization involving
      Employer, unless the company resulting from such merger, consolidation or
      reorganization (the “Surviving
      Corporation”) shall adopt or assume this Agreement and the
      stockholders of Employer immediately before such merger, consolidation or
      reorganization own, directly or indirectly immediately following such
      merger, consolidation or reorganization, at least fifty percent (50%) of
      the combined voting power of the Surviving Corporation in substantially
      the same proportion as their ownership immediately before such merger,
      consolidation or reorganization, (B) a complete liquidation or dissolution
      of Employer, or (C) a sale or transfer of all or substantially all of the
      assets of Employer.

            

    

     

    
      
         

      

      
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    13.         DISABILITY;
DEATH.

     

    (a)           If,
prior to the expiration or termination of the Employment Term, Executive shall
be unable to perform his duties by reason of disability or impairment of health
for at least six consecutive calendar months, Employer shall have the right to
terminate Executive’s employment on account of disability by giving written
notice to Executive to that effect, but only if at the time such notice is given
such disability or impairment is still continuing.  In the event of a
dispute as to whether Executive is disabled within the meaning of this Section
13(a), either party may from time to time request a medical examination of
Executive by a doctor selected by Employer, and the written medical opinion of
such doctor shall be conclusive and binding upon the parties as to whether
Executive has become disabled and the date when such disability
arose.  The cost of any such medical examination shall be borne by
Employer.  If Employer terminates Executive’s employment on account of
disability, then, in addition to the benefits provided for under Sections
11(b)(i) and 11(b)(ii), all unvested stock options and any other equity-based
compensation arrangements shall be terminated, and all vested stock options
shall be exercisable in accordance with the terms of the applicable award
agreement.

     

    (b)           If,
prior to the expiration or termination of the Employment Term, Executive shall
die, then, in addition to the benefits provided for under Sections 11(b)(i) and
11(b)(ii), the Employment Term shall terminate without further
notice.  In such an event, all unvested stock options and any other
equity-based compensation arrangements shall be terminated, and all vested stock
options shall be exercisable in accordance with the terms of the applicable
award agreement.

     

    (c)           Nothing
contained in this Section 13 shall impair or otherwise affect any rights and
interests of Executive under any insurance arrangements, death benefit plan or
other compensation plan or arrangement of Employer which may be adopted by the
Board.

     

    14.         LAW
APPLICABLE.  This Agreement shall be governed by and construed
pursuant to the laws of the Commonwealth of Virginia, without giving effect to
conflicts of laws principles.

     

    15.         NOTICES.  Any
notices required or permitted to be given pursuant to this Agreement shall be
sufficient, if in writing and sent by certified or registered mail, return
receipt requested, to the residence, listed on the signature page of this
Agreement, in the case of Executive, and to 7925 Jones Branch Drive, McLean,
Virginia 22102, Attention: Chief Executive Officer, in the case of
Employer.

     

    16.         ASSIGNMENT,
ETC.  This Agreement shall inure to the benefit of and be
binding upon the parties hereto and their respective legal representatives,
heirs, assignees and/or successors in interest of any kind whatsoever; provided, however, that
Executive acknowledges and agrees that he cannot assign or delegate any of his
rights, duties, responsibilities or obligations hereunder to any other person or
entity.  Employer may assign its rights under this Agreement to any
affiliate of Employer or to any entity upon any sale of all or substantially all
of the assets of Employer, or upon any merger or consolidation of Employer with
or into any other entity, provided that such
assignment shall not relieve Employer of its obligations hereunder without the
written consent of Executive.

    
      
         

      

      
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    17.         ENTIRE
AGREEMENT; MODIFICATIONS.  This Agreement constitutes the
entire final agreement between the parties with respect to, and supersedes any
and all prior agreements between the parties hereto both oral and written
concerning, the subject matter hereof and may not be amended, modified or
terminated except by a writing duly signed by the parties hereto.

     

    18.         SEVERABILITY.  If
any provision of this Agreement shall be held to be invalid or unenforceable,
and is not reformed by a court of competent jurisdiction, such invalidity or
unenforceability shall attach only to such provision and shall not in any way
affect or render invalid or unenforceable any other provision of this Agreement,
and this Agreement shall be carried out as if such invalid or unenforceable
provision were not contained herein.

     

    19.         NO
WAIVER.  A waiver of any breach or violation of any term,
provision or covenant contained herein shall not be deemed a continuing waiver
or a waiver of any future or past breach or violation.  No oral waiver
shall be binding.  The failure of a party to insist upon strict
adherence to any term of this Agreement on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Agreement.

     

    20.         COMPLIANCE
WITH SECTION 409A.  Because the parties hereto intend that any
payment under this Agreement shall be paid in compliance with Section 409A of
the Code (“Section
409A”) and all regulations, guidance and other interpretative authority
thereunder, such that there will be no adverse tax consequences, interest or
penalties as a result of such payments, the parties hereby agree to modify the
timing (but not the amount) of any payment hereunder to the extent necessary to
comply with Section 409A and avoid application of any taxes, penalties or
interest thereunder.  Consequently, notwithstanding any provision of
this Agreement to the contrary, if Executive is a “specified employee” as
defined in Section 409A, Executive shall not be entitled to any payments upon
Date of Termination until the earlier of (i) the date which is six (6) months
after Date of Termination for any reason other than death, or (ii) the date of
Executive’s death.  Any amounts otherwise payable to Executive
following Date of Termination that are not so paid by reason of this Section 20
shall be paid as soon as practicable after the date that is six (6) months after
Date of Termination (or, if earlier, the date of Executive’s
death).  The provisions of this Section 20 shall only apply if, and to
the extent, required to comply with Section 409A in a manner such that Executive
is not subject to additional taxes and/or penalties under Section
409A.

     

    21.         COUNTERPARTS.  This
Agreement may be executed in counterparts, each of which shall be an original,
but all of which together shall constitute one and the same instrument, and it
shall not be necessary in making proof of this agreement to account for all such
counterparts.

    
      
         

      

      
        Page 10
of 11

        
          

        

      

      
         

      

    

    IN WITNESS WHEREOF, the
undersigned have hereunto set their hands to this Agreement on the day and year
first above written.

     

    
      
        
          
            	 
      	
                    ATS
      CORPORATION

                  
	 
      	 
      	 
      
	 
      	
                    By:

                  	
                    /s/ Edward H. Bersoff

                  
	 
      	
                    Name:

                  	
                     Edward
      H. Bersoff

                  
	 
      	
                    Title:

                  	
                     Chief
      Executive Officer

                  
	 
      	 
      	 
      
	 
      	
                    EXECUTIVE

                  
	 	 
	 
      	
                    /s/ Sidney E. Fuchs

                  
	 
      	
                    Name:
      Sidney E. Fuchs

                  

          

        

      

    

     

    
      
         

      

      
        Page 11
of 11SUBSCRIPTION
AGREEMENT

    

    Brampton
Crest International, Inc.

    4700
Biscayne Blvd. Suite 500,

    Miami,
FL  33137

    

    Ladies
and Gentlemen:

    

    Brampton Crest International, Inc.
(the “Company”), desires to sell up to $1,500,000 in five year
convertible debentures (converting to an aggregate of 300,000,000 shares the
Company’s common stock [“Common Stock” or the “Shares”]), the form of which is
Attachment A, attached hereto and incorporated herein (the “Debentures” or,
along with the Shares, the “Securities”) on a “best efforts” basis (the
“Offering”) subject to the terms and conditions herein.  The Company
will, subject to continuing confirmation of Accredited Subscriber Status (see
below), accept subscriptions of $250,000 every ninety  (90) days
following the initial investment, until the full Offering amount is satisfied or
the Company, in its sole discretion, terminates the Offering (each a “Tranche”);
except that it is acknowledged that the initial investment shall be satisfied in
two payments, one of $20,000 immediately and the remainder of the payment,
consisting of $230,000, to be paid in the week of April 19, 2010.  The
Company may, in its sole discretion, not accept a Tranche provided the Company
provides written notice to the Subscriber, not less than five days prior to the
expiration of the 90 day period of a Tranche, of not accepting the
Tranche.  Unaccepted Tranches are not cumulative unless agreed to in
writing by the Subscriber. The undersigned ("Subscriber") desires to purchase
the number of Debentures set forth on the signature page of this Agreement (the
"Agreement"). Accordingly, the Company and Subscriber agree as
follows:

     

    1.      Sale and Purchase. Subject to
the terms and conditions set forth in this Agreement, Subscriber hereby tenders
the amount set forth on the signature page of this Agreement for the purchase of
the Debentures set forth on said signature page.

     

    2.      Representations, Warranties, and
Agreements of Subscriber. In connection with this subscription,
Subscriber hereby makes the following representations, warranties, and
agreements and confirms the following understandings, each of which are made or
confirmed, as the case may be, with respect to Debentures subscribed for
herein:

     

    (a)      Investment Purpose. Subscriber
is acquiring the Securities for Subscriber's own account and for investment
purposes only.

     

    (b)      Review and Evaluation of Information
Regarding the Company.

     

    (i)     Subscriber
is familiar with the Company’s financial condition and proposed operations.
Without limiting the foregoing, the Subscriber acknowledges that the undersigned
has reviewed the corporate documents regarding the Company, the Company’s
filings with the Securities and Exchange Commission, and the terms of this
Offering.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    (ii)    In
addition to the foregoing, Subscriber acknowledges that Subscriber has
conducted, or has been afforded the opportunity to conduct, an investigation of
the Company and has been offered the opportunity to ask representatives of the
Company questions about the Company’s financial condition and proposed business
and that Subscriber has obtained such available information as Subscriber has
requested, to the extent Subscriber has deemed necessary, to permit Subscriber
to fully evaluate the merits and risks of an investment in the
Company.  Representatives of the Company have answered all inquiries
that Subscriber has put to them concerning the Company and its activities, and
the offering and sale of the Securities.

     

    (c)      Risks. Subscriber recognizes
that the purchase of Securities involves a high degree of risk and is suitable
only for persons of adequate financial means who have no need for liquidity in
this investment in that (i) Subscriber may not be able to liquidate the
investment in the event of an emergency; (ii) transferability is limited; and
(iii) in the event of a disposition, Subscriber could sustain a complete loss of
the entire investment.

     

    (d)  Accredited Investor
Status.  Subscriber represents that Subscriber is an
“accredited investor” as such term is defined in Rule 501 of Regulation D
promulgated under the Securities Act of 1933, amended (the “Securities
Act”).  Specifically, the Subscriber is (check appropriate
items):

    

    _________      (i)         A
bank, savings and loan association or other similar institution (as defined in
Sections 3(a)(2) and 3(a)(5)(A) of the Securities Act);

    

    _________      (ii)        A
broker or dealer registered pursuant to Section 15 of the Securities Exchange
Act of 1934, as amended;

    

    _________      (iii)       An
insurance company (as defined in Section 2(13) of the Securities
Act);

    

    _________      (iv)       An
investment company registered under the Investment Company Act of 1940 (the
“Investment Company Act”);

    

    _________      (v)        A
Small Business Investment Company licensed by the U.S. Small Business
Administration under Sections 301(c) or (d) of the Small Business Investment Act
of 1958;

    

    _________      (vi)       Any
plan established and maintained by a state, its political subdivisions, or any
agency or instrumentality of a state or its subdivisions for the benefit to its
employees, which plan has total assets in excess of $5,000,000;

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    _________      (vii)      An
employee benefit plan within the meaning of the Employee Retirement Income
Security Act of 1974 (“ERISA”), if the investment decision is made by a “Plan
Fiduciary”, as defined in Section 3(21) of ERISA, which is either a bank,
savings and loan association, insurance company or registered investment
adviser;

    

    _________      (viii)     An
employee benefit plan within the meaning of ERISA having total assets in excess
of $5,000,000;

    

    _________      (ix)        A
self-directed employee benefit plan within the meaning of ERISA, with investment
decisions made solely by persons who are accredited investors as defined in Rule
501(a) of Regulation D;

    

    _________      (x)         A
business development company (as defined in Section 2(a)(48) of the Investment
Company Act) or a private business development company (as defined in Section
202(a)(22) of the Investment Advisers Act of 1940);

    

    _________      (xi)        A
corporation, partnership, Massachusetts or similar business trust, or
organization described in Section 501(c)(3) of the Internal Revenue Code of
1986, as amended (tax exempt organization), not formed for the specific purpose
of acquiring the Securities having total assets in excess of
$5,000,000;

    

    _________      (xii)       Any
executive officer or director of the Company;

    

    _________      (xiii)      An
individual having an individual net worth or a joint net worth with spouse at
the time of purchase in excess of $1,000,000;

    

    _________      (xiv)     An
individual whose net income was in excess of $200,000 in each of the two most
recent years, or whose joint income with spouse was in excess of $300,000 in
each of those years, and who reasonably expects his net income to reach such
level in the current year;

    

    _________      (xv)      A
trust with total assets in excess of $5,000,000 not formed for the specific
purpose of acquiring the Securities whose purchase is directed by a
sophisticated person (i.e., person who has such knowledge and experience in
financial and business matters that he is capable of evaluating the merits and
risks of any securities); or

    

    _________      (xvi)     Any
entity in which all of the entity owners are “accredited
investors.”

    

    (e)      Subscriber's Financial Experience.
Subscriber is sufficiently experienced in financial and business matters
to be capable of evaluating the merits and risks of an investment in the Company
or, if he or she has utilized the services of a purchaser representative,
together with such representative, are sufficiently experienced in financial and
business matter to be capable of evaluating the merits and risks of an
investment in the Company.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    (f)      Suitability of Investment.
Subscriber has evaluated the merits and risks of Subscriber's proposed
investment in the Company, including those risks particular to Subscriber's
situation, and has determined that this investment is suitable for Subscriber.
Subscriber has adequate financial resources for an investment of this character,
and at this time Subscriber can bear a complete loss of Subscriber's investment.
Further, Subscriber will continue to have, after making an investment in
Securities, adequate means of providing for Subscriber's current needs, the
needs of those dependent on Subscriber, and possible personal
contingencies.  Subscriber specifically represents that he or she has
a net worth at least five times greater than the investment made
herein.

     

    (g)     Exempt Offering. Subscriber
understands that the sale of Securities is not being registered on the basis
that this issuance is exempt from registration under the Securities Act, and the
applicable state securities laws, and the rules and regulations promulgated
thereunder, and that reliance on such exemptions is predicated, in part, on
Subscriber's representations and warranties contained in this
Agreement.

     

    (h)     Limitations on Disposition.
Subscriber understands that there are substantial restrictions on the
transferability of the Securities pursuant to the Securities Act; the Subscriber has no right
to require that the Securities be registered under the Securities Act; and,
accordingly, Subscriber may have to hold the Securities for an indefinite period
of time unless the Securities have been registered by the Company or are subject
to an exemption from registration. Subscriber represents that Subscriber can
afford to hold the Securities for an indefinite period of time. Subscriber
further understands that an opinion of counsel and other documents may be
required to transfer the Securities.  Subscriber acknowledges that the
Shares shall bear the following, or a substantially similar,
legend:

     

    "THE
SHARES OF COMMON STOCK REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), OR ANY
STATE SECURITIES LAWS AND NEITHER SUCH SHARES NOR ANY INTEREST THEREIN MAY BE
OFFERED, SOLD, PLEDGED, ASSIGNED OR OTHERWISE TRANSFERRED UNLESS (1) A
REGISTRATION STATEMENT WITH RESPECT THERETO IS EFFECTIVE UNDER THE SECURITIES
ACT AND ANY APPLICABLE STATE SECURITIES LAWS, OR (2) IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S, OR (3) PURSUANT TO AN EXEMPTION FROM REGISTRATION
UNDER THE SECURITIES ACT."

     

    (i)       Absence of Official Evaluation.
Subscriber understands that no federal or state agency has made any
finding or determination as to the fairness of the terms of an investment in the
Company, or any recommendation for or endorsement of the Securities offered
hereby.

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    (j)       Additional Financing.
Subscriber further acknowledges that nothing hereunder shall preclude the
Company from seeking and/or procuring additional equity and/or debt
financing.

     

    (k)      Nonreliance. Subscriber is not
relying on the Company or any representation contained herein or in the
documents referred to herein with respect to the tax and economic effect of
Subscriber's investment in the Company.

     

    (l)       Acceptance. Subscriber
acknowledges that the Company shall, in its sole discretion, have the right to
accept or reject this subscription, in whole or in part, for any reason or for
no reason. If Subscriber’s subscription is accepted by the Company, Subscriber
shall, and Subscriber hereby elects to, execute any and all further documents
necessary in the opinion of the Company to complete his subscription and become
a shareholder of the Company.

     

    (m)     Authority to Enter into Agreement.
Subscriber has the full right, power, and authority to execute and
deliver this Agreement and perform Subscriber's obligations
hereunder.

     

    (n)      Entity as a Subscriber. If
Subscriber is a corporation, partnership, trust, or other entity, (i) Subscriber
is authorized and qualified to become a shareholder of, and is authorized to,
make its investment in the Company; (ii) Subscriber has not been formed for the
purpose of acquiring an interest in the Company; (iii) Subscriber has not been
in existence for less than 90 days prior to the date hereof; and (iv) the person
signing this Agreement on behalf of such entity has been duly authorized by such
entity to do so.

     

    (o)      Prohibitions on Cancellation,
Termination, Revocation, Transferability, and Assignment. Subscriber
hereby acknowledges and agrees that, except as may be specifically provided
herein or by applicable law, Subscriber is not entitled to cancel, terminate, or
revoke this Agreement, and this Agreement shall survive Subscriber's death or
disability or any assignment of Securities. Subscriber further agrees that
Subscriber may not transfer or assign Subscriber's rights under this Agreement,
and Subscriber understands that, if Subscriber's subscription is accepted, the
transferability of Securities will be restricted.

     

    (p)      Obligation. This Agreement
constitutes a valid and legally binding obligation of Subscriber and neither the
execution of this Agreement nor the consummation of the transactions
contemplated herein will constitute a violation of or default under, or conflict
with, any judgment, decree, statutes or regulation of any governmental authority
applicable to Subscriber, or any contract, commitment, agreement, or restriction
of any kind to which Subscriber is a party or by which Subscriber's assets are
bound. The execution and delivery of this Agreement does not, and the
consummation of the transactions described herein will not, violate applicable
laws, or any mortgage, lien, agreement, indenture, lease or understanding
(whether oral or written) of any kind outstanding relative to
Subscriber.

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    (q)      Required Approvals. No
approval, authorization, consent, order, or other action of, or filing with, any
person, firm or corporation or any court, administrative agency or other
governmental authority is required in connection with the execution and delivery
of this Agreement by Subscriber or the purchase of the Securities.

     

    (r)       No General Solicitation.
Subscriber is not subscribing for Securities  because of or following
any advertisement, article, notice, or other communication published in any
newspaper, magazine or similar media or broadcast over television or radio, or
presented at any seminar or meeting, or any solicitation or a subscription by a
person other than an authorized representative of the Company.

     

    3.      Representations, Warranties and
Agreements of the Company. In connection with this subscription, the
Company makes the following representations, warranties and agreements and
confirms the following understandings:

     

    (a)      Company's Good Standing. The
Company is a corporation organized and validly existing under the laws of the
State of Nevada, and it has all corporate authority and power to conduct its
business and to own its properties.

     

    (b)      Legal and Other Proceedings. Except
as disclosed to the Subscriber, neither the Company, nor any of its
affiliates or its executive officers or directors (in their capacity as
executive officers or directors), is a party to any pending or, to the best
knowledge of the Company, threatened, or unasserted but considered by it to be
probable of assertion, claim, action, suit, investigation, arbitration or
proceeding, or is subject to any order, judgment or decree that is reasonably
expected by management of the Company to have, either individually or in the
aggregate, a material adverse effect on the condition (financial or otherwise),
earnings or results of operations of the Company and the Company is not, as of
the date hereof, a party to or subject to any enforcement action instituted by,
or any agreement or memorandum of understanding with, any federal or state
regulatory authority restricting its operations or requiring that actions be
taken, and no such regulatory authority has threatened any such action,
memorandum or order against the Company and the Company has not received any
report of examination from any federal or state regulatory agency which requires
that the Company address any problem or take any action which has not already
been addressed or taken in a manner satisfactory to the regulatory
agency.

     

    (c)      Authorization; Conflict; Valid and
Binding Obligation. This Agreement and the transactions contemplated
herein have been duly and validly authorized by all requisite corporate action
of the Company. The Company has full right, power and capacity to execute,
deliver and perform its obligations under this Agreement. No governmental
license, permit or authorization and no registration or filings with any court,
governmental authority or regulatory agency is required in connection with the
Company's execution, delivery and/or performance of this Agreement, other than
any filings required by applicable federal and state securities laws. The
execution, delivery and performance of this Agreement, the consummation of the
transactions herein contemplated and the compliance with the terms of this
Agreement by the Company will not violate or conflict with any provision of the
Articles of Incorporation, as amended or By-laws of the Company, or any
agreement, instrument, law or regulation to which the Company is a party or by
which the Company may be bound. This Agreement, upon execution and delivery by
the Company, will represent the valid and binding obligation of the Company
enforceable in accordance with its terms.

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    (d)     Use of
Proceeds.  The Company will be using the funds raised in this
Offering for the purposes set out in Attachment B, attached hereto and
incorporated herein.

     

    (e)      Board of
Directors.  The Company agrees to appoint up to three members
of the Board of Directors as designated by the Subscriber upon completion of the
first Tranche.  Each appointed member of the Board of Directors shall
serve until the next annual meeting of the Company’s shareholders (where they
may stand for re-election) or their respective earlier death, resignation or
removal from office.

     

    4.       
Survival of
Representations, Warranties, Agreements and Acknowledgments. The
representations, warranties, agreements, and acknowledgments of the Company and
Subscriber shall survive the offering and purchase of Securities.

    

    5.      Indemnification of the Company.
Subscriber agrees to indemnify and hold harmless the Company against and
in respect of any and all loss, liability, claim, damage, deficiency, and all
actions, suits, proceedings, demands, assessments, judgments, costs and expenses
whatsoever (including, but not limited to, attorneys' fees reasonably incurred
in investigating, preparing, or defending against any litigation commenced or
threatened or any claim whatsoever through all appeals) arising out of or based
upon any false representation or warranty or breach or failure by Subscriber to
comply with any covenant or agreement made by it herein or in any other document
furnished by it in connection with this subscription.

     

    6.      Miscellaneous.

     

    (a)     Entire Agreement. This
Agreement constitutes the entire agreement between the parties hereto, and
supersedes all prior negotiations, letters and understandings relating to the
subject matter hereof.

     

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

     

    (c)     Notices. Any notice, demand,
or other communication that any party hereto may be required, or may elect, to
give to anyone interested hereunder shall be deemed given on the date initially
received if delivered by facsimile transmission followed by registered or
certified mail confirmation; on the date delivered by an overnight courier
service; on the third business day after it is mailed if mailed by registered or
certified mail (return receipt requested, with postage and other fees prepaid)
addressed to such addresses as provided herein.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    (d)   Successors and Assigns. Except
as otherwise provided herein, this Agreement shall be binding upon and inure to
Subscriber’s benefit and the benefit of Subscriber’s heirs, executors,
administrators, successors, legal representatives, and permitted assigns. If the
undersigned is more than one person, the obligation of the undersigned shall be
joint and several and the agreements, representations, warranties, and
acknowledgements herein contained shall be deemed to be made by and be binding
upon each such person and his heirs, executors, successors, administrators,
legal representatives, and permitted assigns.

     

    (e)   Choice of Law; Venue. This
Agreement will be interpreted, construed, and enforced in accordance with the
laws of the State of Florida, without giving effect to the application of the
principles pertaining to conflicts of laws. Any proceeding arising between the
parties in any manner pertaining or relating to this Agreement shall, to the
extent permitted by law, be held in Miami-Dade County, Florida.

     

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

     

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

     

    (h)   Enforcement. Should it become
necessary for any party to institute legal action to enforce this Agreement, the
successful party will be awarded reasonable attorneys' fees at all trial and
appellate levels, expenses, and costs.

     

    (i)     Counterparts. This Agreement
may be executed in one or more counterparts, each of which will be deemed an
original and all of which together will constitute one and the same
instrument.

     

    (j)     Further Assurances. The
parties hereto will execute and deliver such further instruments and do such
further acts and things as may be reasonably required to carry out the intent
and purposes of this Agreement.

     

    [SIGNATURES
ON THE FOLLOWING PAGE]

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    BRAMPTON
CREST INTERNATIONAL, INC.

    ____________________________________

    

    SUBSCRIPTION
AGREEMENT

    SIGNATURE
PAGE FOR INDIVIDUALS

    

    IN WITNESS WHEREOF, the
undersigned has caused this Agreement to be executed as of the ____ day of
___________________, 2010.

    

    Debentures
Subscribed for: _______________

    

    
      
        
          
            	 
      	 
      	 
      
	
                    (Signature
      of Subscriber)

                  	 
      	
                    (Signature
      of Spouse or Joint Tenant, If Any)

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    (Print
      Name of Subscriber)

                  	 
      	
                    (Print
      Name of Spouse or Joint Tenant, If Any)

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    (Address)

                  	 
      	
                    (Address)

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    (Telephone
      Number)

                  	 
      	
                    (Telephone
      Number)

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    (Social
      Security Number)

                  	 
      	
                    (Social
      Security Number)

                  
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                    (Date)

                  	 
      	
                    (Date)

                  

          

        

      

    

    

    Note:      If
two purchasers are signing, please check the manner in which the ownership is to
be legally held (the indicated manner shall be construed as if written out in
full accordance with applicable laws or regulations):

    

    
      
        
          	
                  _________   

                	
                  JT
      TEN:

                	
                  As
      joint tenants with right of survivorship and not as tenants in
      common.

                
	
                  _________

                	
                  TEN
      COM:   

                	
                  As
      tenants in common.

                
	
                  _________

                	
                  TENENT:

                	
                  As
      tenants by the
entireties.

                

        

      

    

    

    The
undersigned hereby tenders to Brampton Crest International, Inc., the amount
above. Checks should be made payable to Brampton Crest International,
Inc.  Wire transfer information is available upon
request.

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    BRAMPTON
CREST INTERNATIONAL, INC.

    ____________________________________

    

    SUBSCRIPTION
AGREEMENT

    SIGNATURE
PAGE FOR CORPORATIONS, TRUSTS, PARTNERSHIPS

    OR
RETIREMENT PLANS

    

    IN WITNESS WHEREOF, the
undersigned has caused this Agreement to be executed as of the ____ day of
___________________, 2010.

    

    Debentures
Subscribed for: _______________

    

    
      
        
          	 
      
	
                  (Signature
      of Subscriber)

                
	 
      
	 
      
	
                  (Print
      Name of Subscriber)

                
	 
      
	 
      
	 
      
	
                  (Address)

                
	 
      
	 
      
	
                  (Telephone
      Number)

                
	 
      
	 
      
	
                  (Social
      Security Number)

                
	 
      
	 
      
	
                  (Date)

                
	 
      
	 
      
	
                  (Federal
      Employer Identification Number or
      Other Tax Identification
Number)

                

        

      

    

    

    The
undersigned hereby tenders to Brampton Crest International, Inc., the amount
above. Checks should be made payable to Brampton Crest International,
Inc.  Wire transfer information is available upon
request.

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    BRAMPTON
CREST INTERNATIONAL, INC.

    ____________________________________

    

    APPROVED AND ACCEPTED in
accordance with the terms of this Subscription Agreement on this ____ day of
_________________, 2010.

    

    
      
        	 
      	
                Brampton
      Crest International, Inc.

              
	 
      	 
      
	
                By:  

              	 
      
	
                Name:
      Bryan Norcross

              
	
                Title: Chief Executive
Officer

              

      

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    ATTACHMENT
A

    

    FORM OF CONVERTIBLE
DEBENTURE

    

    NEITHER
THESE SECURITIES NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE
SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES
ACT"), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE
COMPANY. THESE SECURITIES AND THE SECURITIES ISSUABLE UPON CONVERSION OF THESE
SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

    

    Date of
Issuance: _____________, 2010

    

    $_________

    

    Brampton
Crest International, Inc.

    CONVERTIBLE
DEBENTURE

    Due
______, 2015

    

             THIS
DEBENTURE is duly authorized and issued Convertible Debentures and interest as
described below of Brampton Crest International, Inc. a Florida corporation,
having a principal place of business at 4700 Biscayne Blvd. Suite 500, Miami,
FL  33137  (the "Company"), designated as its Convertible
Debenture, due _______ 2015 (the "Debenture").

    

             FOR
VALUE RECEIVED, the Company promises to pay to ________________________ or his
registered assigns (the "Holder"), the principal sum of
____________________Dollars ($____,000) on ________, 2015 or such earlier date
as the Debentures are required or permitted to be repaid as provided hereunder
(the "Maturity Date) in cash or shares of Common Stock at the Conversion Price
or a combination thereof, and to pay interest to the Holder on the aggregate
unconverted and then outstanding principal amount of this Debenture (in
accordance with the conditions herein), payable on the Maturity Date, in cash or
shares of Common Stock at the Conversion Price.  The method of
payments shall be in the sole discretion of the Company. In addition, as long as
this Debenture is outstanding, the Company shall pay on the 15th
day of each month an amount equal to $2,000 ( based upon there being outstanding
a debenture in the principal amount of $250,000), representing interest on the
Debenture (the “Interest Due  Date”). To the extent that the principal
amount outstanding on the Interest Due Date  is less than $250,000,
then the amount of interest shall be reduced proportionately. The Payment Date
of obligations hereunder is defined as the date a check is mailed, wire sent, or
other means of payment made.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

             This
Debenture is subject to the following additional provisions:

    

             Section
1. This Debenture is exchangeable for an equal aggregate principal amount of
Debentures of different authorized denominations, as requested by the Holder
surrendering the same. No service charge will be made for such registration of
transfer or exchange.

    

             Section
2. This Debenture has been issued subject to certain investment representations
of the original Holder set forth in the Subscription Agreement and may be
transferred or exchanged only in compliance with the Subscription Agreement and
applicable federal and state securities laws and regulations. Prior to due
presentment to the Company for transfer of this Debenture, the Company and any
agent of the Company may treat the Person in whose name this Debenture is duly
registered on the Debenture Register as the owner hereof for the purpose of
receiving payment as herein provided and for all other purposes, whether or not
this Debenture is overdue, and neither the Company nor any such agent shall be
affected by notice to the contrary.

    

             Section
3. Events of Default.

    

                      a)
"Event of Default", wherever used herein, means any one of the following events
(whatever the reason and whether it shall be voluntary or involuntary or
effected by operation of law or pursuant to any judgment, decree or order of any
court, or any order, rule or regulation of any administrative or governmental
body):

    

                               i)
any default in the payment of the principal of, or liquidated damages in respect
of, any Debentures, free of any claim of subordination, as and when the same
shall become due and payable (whether on a Conversion Date or the Maturity Date
or by acceleration or otherwise) which default is not cured, if possible to
cure, within 5 days of notice of such default sent by the Holder;

    

                               ii)  the
Company shall commence, or there shall be commenced against the Company or any
such subsidiary a case under any applicable bankruptcy or insolvency laws as now
or hereafter in effect or any successor thereto, or the Company commences any
other proceeding under any reorganization, arrangement, adjustment of debt,
relief of debtors, dissolution, insolvency or liquidation or similar law of any
jurisdiction whether now or hereafter in effect relating to the Company or there
is commenced against the Company or any such bankruptcy, insolvency or other
proceeding which remains undismissed for a period of 60 days; or the Company is
adjudicated insolvent or bankrupt; or any order of relief or other order
approving any such case or proceeding is entered; or the Company suffers any
appointment of any custodian or the like for it or any substantial part of its
property which continues undischarged or unstayed for a period of 60 days; or
the Company makes a general assignment for the benefit of creditors; or the
Company shall fail to pay, or shall state that it is unable to pay, or shall be
unable to pay, its debts generally as they become due; or the Company shall call
a meeting of its creditors with a view to arranging a composition, adjustment or
restructuring of its debts; or the Company shall by any act or failure to act
expressly indicate its consent to, approval of or acquiescence in any of the
foregoing; or any corporate or other action is taken by the Company for the
purpose of effecting any of the foregoing;

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

                               iii)
the Company shall default in any of its obligations under any other Debenture or
any mortgage, credit agreement or other facility, indenture agreement, factoring
agreement or other instrument under which there may be issued, or by which there
may be secured or evidenced any indebtedness for borrowed money or money due
under any long term leasing or factoring arrangement of the Company in an amount
exceeding $1,000,000, whether such indebtedness now exists or shall hereafter be
created and such default shall result in such indebtedness becoming or being
declared due and payable prior to the date on which it would otherwise become
due and payable;

    

    iii) the Company fails to pay the
monthly payment on the Payment Date of any month and such failure to pay is not
cured within three (3) business days of notice of failure to pay or fails to
meet the Payment Date requirement for any three (3) of twelve (12) consecutive
months.

    

                      b)
If any Event of Default occurs and is continuing, the full principal amount of
this Debenture, together with other amounts owing in respect thereof, if any, to
the date of acceleration shall become at the Holder's election, immediately due
and payable in cash.

    

             The
Holder need not provide and the Company hereby waives any presentment, demand,
protest or other notice of any kind, and the Holder may immediately and without
expiration of any grace period enforce any and all of its rights and remedies
hereunder and all other remedies available to it under applicable law. Such
declaration may be rescinded and annulled by Holder at any time prior to payment
hereunder and the Holder shall have all rights as a Debenture holder until such
time, if any, as the full payment under this Section shall have been received by
it. No such rescission or annulment shall affect any subsequent Event of Default
or impair any right consequent thereon.

    

             Section
4. Conversion.

    

    a)           At
any time after the Original Issue Date until this Debenture is no longer
outstanding, this Debenture shall be convertible into shares of Common Stock at
the option of the Holder, in whole or in part at any time and from time to time,
at the Conversion Price (as defined below).  The Holder shall effect
conversions by delivering to the Company the form of Notice of Conversion
attached hereto as Annex A (a “Notice of
Conversion”), specifying therein the principal amount of Debentures to be
converted and the date on which such conversion is to be effected (a “Conversion
Date”).  If no Conversion Date is specified in a Notice of
Conversion, the Conversion Date shall be the date that such Notice of Conversion
is provided hereunder.  To effect conversions hereunder, the Holder
shall not be required to physically surrender Debentures to the Company unless
the entire principal amount of this Debenture has been so converted. Conversions
hereunder shall have the effect of lowering the outstanding principal amount of
this Debenture in an amount equal to the applicable conversion.  The
Holder and the Company shall maintain records showing the principal amount
converted and the date of such conversions.  The Company shall deliver
any objection to any Notice of Conversion within 1 Business Day of receipt of
such notice.  In the event of any dispute or discrepancy, the records
of the Holder shall be controlling and determinative in the absence of manifest
error. The Holder and any assignee, by acceptance of this Debenture, acknowledge
and agree that, by reason of the provisions of this paragraph, following
conversion of a portion of this Debenture, the unpaid and unconverted principal
amount of this Debenture may be less than the amount stated on the face
hereof.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    b)           Conversion
Price.  The conversion price in effect on any Conversion Date
shall be equal to $0.005(the “Conversion
Price”).

    

    
      c)           Mechanics of
Conversion

    

    

    i.           Conversion Shares Issuable
Upon Conversion of Principal Amount.  The number of shares of
Common Stock issuable upon a conversion hereunder shall be determined by the
quotient obtained by dividing (x) the outstanding principal amount of this
Debenture to be converted by (y) the Conversion Price.

    

    ii.           Delivery of Certificate Upon
Conversion. Not later than five Business Days after any Conversion Date,
the Company will deliver to the Holder a certificate or certificates
representing the Conversion Shares representing the number of shares of Common
Stock being acquired upon the conversion of Debentures.

    

    d)           Merger or
Consolidation If, at any time while this Debenture is outstanding,
(A) the Company effects any merger or consolidation of the Company with or into
another Person, (B) the Company effects any sale of all or substantially all of
its assets in one or a series of related transactions, (C) any tender offer or
exchange offer is completed pursuant to which holders of Common Stock are
permitted to tender or exchange their shares for other securities, cash or
property, or (D) the Company effects any reclassification of the Common Stock or
any compulsory share exchange pursuant to which the Common Stock is effectively
converted into or exchanged for other securities, cash or property (in any such
case, a “Fundamental
Transaction”), then upon any subsequent conversion of this Debenture, the
Holder shall have the right to receive, for each underlying share of Common
Stock that would have been issuable upon such conversion absent such Fundamental
Transaction, the same kind and amount of securities, cash or property as it
would have been entitled to receive upon the occurrence of such Fundamental
Transaction if it had been, immediately prior to such Fundamental Transaction,
the holder of one share of Common Stock (the “Alternate
Consideration”).  To the extent necessary to effectuate the
foregoing provisions, any successor to the Company or surviving entity in such
Fundamental Transaction shall issue to the Holder a new debenture consistent
with the foregoing provisions and evidencing the Holder's right to convert such
debenture into Alternate Consideration. The terms of any agreement pursuant to
which a Fundamental Transaction is affected shall include terms requiring any
such successor or surviving entity to comply with the provisions of this
paragraph and insuring that this Debenture (or any such replacement security)
will be similarly adjusted upon any subsequent transaction analogous to a
Fundamental Transaction. Notwithstanding the foregoing, no adjustment will be
made under this that would result in an increase to the Conversion
Price.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    e)           If
the Company, at any time while the Debenture is outstanding: (A) shall pay a
stock dividend or otherwise make a distribution or distributions on shares of
its Common Stock or any other equity or equity equivalent securities payable in
shares of Common Stock (which, for avoidance of doubt, shall not include any
shares of Common Stock issued by the Company pursuant to this Debenture,
including as interest  thereon), (B) subdivide outstanding shares of
Common Stock into a larger number of shares, (C) combine (including by way of
reverse stock split) outstanding shares of Common Stock into a smaller number of
shares, or (D) issue by reclassification of shares of the Common Stock any
shares of capital stock of the Company, then the Conversion Price shall be
multiplied by a fraction of which the numerator shall be the number of shares of
Common Stock (excluding treasury shares, if any) outstanding before such event
and of which the denominator shall be the number of shares of Common Stock
outstanding after such event. Any adjustment made pursuant to this Section shall
become effective immediately after the record date for the determination of
stockholders entitled to receive such dividend or distribution and shall become
effective immediately after the effective date in the case of a subdivision,
combination or re-classification.

    

    f)           Reservation of Shares
Issuable Upon Conversion. The Company covenants that it will at all times
reserve and keep available out of its authorized and unissued shares of Common
Stock solely for the purpose of issuance upon conversion of the Debentures free
from preemptive rights or any other actual contingent purchase rights of persons
other than the Holders, not less than such number of shares of the Common Stock
as shall be issuable upon the conversion of the outstanding principal amount of
the Debentures.  The Company covenants that all shares of Common Stock
that shall be so issuable shall, upon issue, be duly and validly authorized,
issued and fully paid, nonassessable.

    

    g)           Fractional Shares.
Upon a conversion hereunder the Company shall not be required to issue stock
certificates representing fractions of shares of the Common Stock, but may if
otherwise permitted, make a cash payment in respect of any final fraction of a
share based on the Closing Price at such time.  If the Company elects
not, or is unable, to make such a cash payment, the Holder shall be entitled to
receive, in lieu of the final fraction of a share, one whole share of Common
Stock.

    
      
         

      

      
        16

        
          

        

      

      
         

      

    

    h)           Transfer
Taxes.  The issuance of certificates for shares of the Common
Stock on conversion of the Debentures shall be made without charge to the
Holders thereof for any documentary stamp or similar taxes that may be payable
in respect of the issue or delivery of such certificate, provided that the
Company shall not be required to pay any tax that may be payable in respect of
any transfer involved in the issuance and delivery of any such certificate upon
conversion in a name other than that of the Holder of such Debentures so
converted and the Company shall not be required to issue or deliver such
certificates unless or until the person or persons requesting the issuance
thereof shall have paid to the Company the amount of such tax or shall have
established to the satisfaction of the Company that such tax has been
paid.

    

    i)           Prepayment.  The
Company may not prepay any portion of the principal amount of this Debenture
without the prior written consent of the Holder.

    

             Section
5. Definitions. For the purposes hereof, in addition to the terms defined
elsewhere in this Debenture: (a) capitalized terms not otherwise defined herein
have the meanings given to such terms in the Purchase Agreement, and (b) the
following terms shall have the following meanings:

    

                      "Business
Day" means any day except Saturday, Sunday and any day which shall be a federal
legal holiday in the United States or a day on which banking institutions in the
State of New York are authorized or required by law or other government action
to close.

    

                      "Common
Stock" means the common stock of the Company and stock of any other class into
which such shares may hereafter have been reclassified or changed.

    

                      "Conversion
Date" shall have the meaning set forth in Section 4 hereof.

    

                      "Conversion
Price" shall have the meaning set forth in Section 4.

    

                      "Person"
means a corporation, an association, a partnership, organization, a business, an
individual, a government or political subdivision thereof or a governmental
agency.

    

                      "Subscription
Agreement" means the Subscription Agreement, dated as of the date herein, to
which the Company and the original Holder are parties, as amended, modified or
supplemented from time to time in accordance with its terms.

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

             Section
6. Except as expressly provided herein, no provision of this Debenture shall
alter or impair the obligation of the Company, which is absolute and
unconditional, to pay the principal of, and liquidated damages (if any) on, this
Debenture at the time, place, and rate, and in the coin or currency, herein
prescribed. This Debenture is a direct debt obligation of the Company. This
Debenture ranks pari passu with all other Debentures now or hereafter issued
under the terms set forth herein. As long as this Debenture is outstanding, the
Company shall not without the consent of the Holder, (a) amend its certificate
of incorporation, bylaws or other charter documents so as to adversely affect
any rights of the Holder; or (b) enter into any agreement with respect to any of
the foregoing.

    

             Section
7. If this Debenture shall be mutilated, lost, stolen or destroyed, the Company
shall execute and deliver, in exchange and substitution for and upon
cancellation of a mutilated Debenture, or in lieu of or in substitution for a
lost, stolen or destroyed Debenture, a new Debenture for the principal amount of
this Debenture so mutilated, lost, stolen or destroyed but only upon receipt of
evidence of such loss, theft or destruction of such Debenture, and of the
ownership hereof, and indemnity, if requested, all reasonably satisfactory to
the Company.

    

             Section
8. So long as any portion of this Debenture is outstanding, the Company will
not, directly or indirectly, enter into, create, incur, assume or suffer to
exist any indebtedness of any kind, on or with respect to any of its property or
assets now owned or hereafter acquired or any interest therein or any income or
profits therefrom that is senior in any respect to the Company's obligations
under the Debentures without the prior consent of the Holder, which consent
shall not be unreasonably withheld.

    

             Section
9. All questions concerning the construction, validity, enforcement and
interpretation of this Debenture shall be governed by and construed and enforced
in accordance with the internal laws of the State of Florida, without regard to
the principles of conflicts of law thereof. Each party agrees that all legal
proceedings concerning the interpretations, enforcement and defense of the
transactions contemplated by any of the Subscription Agreement (whether brought
against a party hereto or its respective affiliates, directors, officers,
shareholders, employees or agents) shall be commenced in the state and federal
courts sitting in Miami-Dade County, Florida (the "Florida Courts"). Each party
hereto hereby irrevocably submits to the exclusive jurisdiction of the Florida
Courts for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein (including with
respect to the enforcement of any of the Transaction Documents), and hereby
irrevocably waives, and agrees not to assert in any suit, action or proceeding,
any claim that it is not personally subject to the jurisdiction of any such
court, or such Florida Courts are improper or inconvenient venue for such
proceeding. Each party hereby irrevocably waives personal service of process and
consents to process being served in any such suit, action or proceeding by
mailing a copy thereof via registered or certified mail or overnight delivery
(with evidence of delivery) to such party at the address in effect for notices
to it under this Debenture and agrees that such Service shall constitute good
and sufficient service of process and notice thereof. Nothing contained herein
shall be deemed to limit in any way any right to serve process in any manner
permitted by law. Each party hereto hereby irrevocably waives, to the fullest
extent permitted by applicable law, any and all right to trial by jury in any
legal proceeding arising out of or relating to this Debenture or the
transactions contemplated hereby. If either party shall commence an action or
proceeding to enforce any provisions of this Debenture, then the prevailing
party in such action or proceeding shall be reimbursed by the other party for
its attorneys fees and other costs and expenses incurred with the investigation,
preparation and prosecution of such action or proceeding.

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

             Section
10. Any waiver by the Company or the Holder of a breach of any provision of this
Debenture shall not operate as or be construed to be a waiver of any other
breach of such provision or of any breach of any other provision of this
Debenture. The failure of the Company or the Holder to insist upon strict
adherence to any term of this Debenture on one or more occasions shall not be
considered a waiver or deprive that party of the right thereafter to insist upon
strict adherence to that term or any other term of this Debenture. Any waiver
must be in writing.

    

             Section
11. If any provision of this Debenture is invalid, illegal or unenforceable, the
balance of this Debenture shall remain in effect, and if any provision is
inapplicable to any person or circumstance, it shall nevertheless remain
applicable to all other persons and circumstances. If it shall be found that any
interest or other amount deemed interest due hereunder violates applicable laws
governing usury, the applicable rate of interest due hereunder shall
automatically be lowered to equal the maximum permitted rate of interest. The
Company covenants (to the extent that it may lawfully do so) that it shall not
at any time insist upon, plead, or in any manner whatsoever claim or take the
benefit or advantage of, any stay, extension or usury law or other law which
would prohibit or forgive the Company from paying all or any portion of the
principal of or interest on the Debentures as contemplated herein, wherever
enacted, now or at any time hereafter in force, or which may affect the
covenants or the performance of this indenture, and the Company (to the extent
it may lawfully do so) hereby expressly waives all benefits or advantage of any
such law, and covenants that it will not, by resort to any such law, hinder,
delay or impeded the execution of any power herein granted to the Holder, but
will suffer and permit the execution of every such as though no such law has
been enacted.

    

             Section
12. Whenever any payment or other obligation hereunder shall be due on a day
other than a Business Day, such payment shall be made on the next succeeding
Business Day.

    

                                  *********************

             IN
WITNESS WHEREOF, the Company has caused this Convertible Debenture

    to be
duly executed by a duly authorized officer as of the date first above
indicated.

    

    
      
        	 
      
	 
      	 
      
	
                By:  

              	 
      
	
                Name:

              
	
                Title:

              

      

    

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    ANNEX
A

    

    NOTICE OF
CONVERSION

    

     The
Company hereby elects to convert principal under the Convertible Debenture of
Brampton Crest International, Inc. (the "Company"), due on ________, 2015, into
shares of common stock, $.001 par value per share (the "Common Stock"), of the
Company according to the conditions hereof, as of the date written below. No fee
will be charged to the holder for any conversion, except for such transfer
taxes, if any.

    

    The
undersigned agrees to comply with the prospectus delivery requirements under the
applicable securities laws in connection with any transfer of the aforesaid
shares of Common Stock.

    

    Conversion
calculations:

    Date to
Effect Conversion: ___________________________

    

    Principal
Amount of Debentures to be Converted:

    

    ___________________________

    

    
      
        	
                Number
      of shares of Common Stock to be issued:

              
	 
      
	 
      

      

    

    

    
      
        	
                Holder:

              	 
      
	 
      	 
      
	
                Name:

              	 
      
	 
      	 
      
	
                Address:  

              	 
      
	 
      	 
      
	 
      	 
      

      

    

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

    ATTACHMENT
B

    

    USE OF
PROCEEDS

    

    The
Company shall make available to AEN, not greater than Twenty Thousand
($20,000.00) Dollars per month for operational expenses, except that for a
period representing April, 2010 and May, 2010, the Company shall make available
$20,000 per month.  From June, 2010 forward, AEN shall notify the
Subscriber as to the amount of the required funds and its
purpose.  Subscriber shall have the right to approve or disapprove of
the disbursements.  Subscriber’s approval shall not be unreasonably
withheld.

    
      
         

      

      
        21

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