Document:

exv10w1

 

Exhibit 10.1

EMPLOYMENT AGREEMENT

     This Employment Agreement (the “Agreement”) is made and entered into in Chelmsford,
Massachusetts by and between Brooks Automation, Inc., a Delaware corporation (the
“Company”) and Martin S. Headley (“Executive”), as of January 28, 2008.

RECITALS

     1. The Company desires to employ Executive as Executive Vice President and Chief Financial
Officer of the Company upon the terms and conditions set forth herein.

     2. In consideration of the employment to be provided hereby, the amounts to be paid as
provided herein, and the Indemnification Agreement attached hereto as Exhibit A (the
“Indemnification Agreement”), the Executive enters into this Agreement and the Executive
Invention, Nondisclosure, Non-Competition and Nonsolicitation Agreement attached hereto as
Exhibit B (the “Non-Competition Agreement”).

     For and in consideration of the mutual promises, terms, provisions and conditions contained in
this Agreement, the parties hereby agree as follows:

1. Duties. Beginning on January 28, 2008 (the “Effective Date”) the Company shall
employ the Executive as Executive Vice President and Chief Financial Officer of the Company.
Executive shall report to the Company’s President and Chief Executive Officer (the “CEO”).
Executive shall have such reasonable and appropriate duties as may from time to time be assigned by
the CEO, which duties shall include, without limitation, internal accounting and control functions,
external financial reporting to regulatory bodies and the public, and synthesizing and implementing
decisions that involve the Company’s strategies, plans, and operations. Executive shall also
perform the duties of such office as are provided for in the bylaws of the Company subject to the
general supervision and direction of the CEO and the Company’s board of directors (the “Board
of Directors”).

2. At-Will Employment. Subject to Section 6 and the termination provisions contained
therein, the Executive’s employment under this Agreement shall be on an at-will basis (the actual
period of Executive’s employment with the Company is referred to herein as the “Employment
Term”).

3. Other Activities. Executive may serve on one (1) board of directors of a public or
private for-profit corporation (the specific entity being subject to advance approval by the Board
of Directors), serve on civic and charitable boards or committees, fulfill speaking engagements,
teach at educational institutions, and manage his personal investments; provided, however, that
such activities do not individually or in the aggregate interfere or conflict with the performance
of Executive’s duties or obligations under this Agreement, including the Non-Competition Agreement.

4. Performance. During the Employment Term, Executive shall use his business judgment,
skill and knowledge for the advancement of the Company’s interests and to discharge his duties and
responsibilities hereunder. Executive shall perform and discharge faithfully, diligently and

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to the best of his ability, his duties and responsibilities hereunder. Subject to Section 3,
executive shall devote substantially all of his working time and efforts to the business and
affairs of the Company.

5. Compensation and Benefits.

     5.1. Base Salary. As consideration for Executive’s services performed during the
Employment Term, the Company agrees to pay Executive a base salary of $425,000 per year (the
“Base Salary”), payable in accordance with the normal payroll practices of the Company for
its senior executives, and subject to federal and state tax withholding. The Base Salary shall be
reviewed annually (consistent with the normal review of senior executives of the Company which
typically occurs in January) by the Human Resources and Compensation Committee of the Board of
Directors (the “Committee”) and adjusted as recommended by the CEO and as determined by the
Committee (the Base Salary as adjusted from time to time shall be referred to as the “Current
Base Salary”).

     5.2. Performance-Based Variable Compensation. During the Employment Term, Executive
shall be eligible to receive performance-based cash incentive payments each year from the Company
as recommended by the CEO and as determined by the Committee (the “Performance-Based Variable
Compensation”). The Performance-Based Variable Compensation shall be payable based upon
achievement of the Company’s performance criteria, specific goals, and performance evaluation as
determined by the Committee under the terms of the Company’s annual incentive plan applicable to
that fiscal year. Executive’s achievement of his target performance goals for each year will
result in a payment of 100% of Current Base Salary, with potential payouts ranging from 0% to 150%
of Current Base Salary based upon actual performance. Any such Performance-Based Variable
Compensation paid to Executive shall be in addition to the Current Base Salary. Executive shall be
paid Performance-Based Variable Compensation for the first twelve (12) months of employment
(“First Year of Employment”) of not less than $318,750, prorated for the number of days
that Executive is actually employed by the Company during the First Year of Employment (the
“Guaranteed Amount”). The Guaranteed Amount shall be paid in two (2) installments, the
first installment shall be paid when Performance-Base Variable Compensation awards are paid to the
Company’s other senior executives for the Company’s fiscal year ending September 30, 2008, and the
second installment shall be paid when Performance-Based Variable Compensation awards are paid to
the Company’s other senior executives for the Company’s fiscal year ending September 30, 2009. The
Guaranteed Amount shall be allocated among the two fiscal years on the basis of a fraction, the
numerator of which is the number of days in the First Employment Year that fall within the relevant
fiscal year and the denominator of which is 365. For each of the two fiscal years the amount that
would otherwise be payable to Executive under the terms of the Company’s annual incentive plan
shall be reduced dollar for dollar by the portion of Executive’s Guaranteed Amount allocated to the
relevant year, but not below the amount equal to the allocated portion of Executive’s Guaranteed
Amount.

     5.3. Equity Awards. As soon as practical following the Effective Date, the Company
will grant Executive a restricted stock award of 42,000 shares of the Company’s common stock (the
“Sign-On Award”). Subject to continued performance of services to the Company, one-

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third of the Sign-On Award shall vest on each of the first, second, and third anniversaries of the
date of grant. The Executive shall be eligible for additional equity compensation awards with the
form of the award (e.g., stock options, performance shares, performance stock units), the number of
shares subject to the award, and other terms and conditions of the award (e.g., vesting schedule)
to be determined by the CEO and Committee.

     5.4. Benefits. During the Employment Term, Executive shall be eligible for
participation in all employee benefit plans normally available to other senior executives of the
Company, including the Brooks Automation, Inc. 401(k) Plan, and the Company’s welfare benefit
plans, practices, policies and programs (including PTO, disability, salary continuance, group life,
accidental death and travel accident insurance plans and programs).

     5.5. Business Expenses. Executive shall be entitled to receive prompt reimbursement
for all reasonable employment-related expenses incurred or paid by him during the Employment Term
in the performance of his services, subject to reasonable substantiation and documentation.

     5.6. Relocation Benefit. The Company shall provide Executive with a payment of
$200,000 to be used by the Executive for the purpose of relocating himself and his family to within
a reasonable commuting distance from the Company’s headquarters (“Relocation Benefit”).
The Relocation Benefit is intended to cover household goods move, temporary housing, home visits,
in-transit expenses, home sale assistance, miscellaneous housing allowance, and new home closing
assistance. The Relocation Benefit is in lieu of any other relocation benefits and assistance that
may otherwise be covered by the Company’s relocation policy, and is subject to applicable tax
withholding. The Relocation Benefit will be paid in three (3) approximately equal installments.
The first installment will be made as soon as reasonably practicable after the Effective Date, the
second on the six-month anniversary of the Effective Date, and the third on the one-year
anniversary of the Effective Date. If during the first twelve (12) months of the Employment Term
the Executive’s employment is terminated by the Company for Cause (as defined in Section 6.2.1) or
by the Executive other than for Good Reason (as defined in Section 6.3.1), then (a) the Executive
shall promptly repay to the Company that portion of the Relocation Bonus paid to Executive prior to
his Termination Date (as defined by Section 6.4) determined by multiplying the portion of the
Relocation Bonus previously paid by a fraction, the numerator of which is the number of full months
that have lapsed since the Effective Date and the denominator of which is 12, and (b) no further
Relocation Benefit installment payments shall be paid to Executive.

6. Termination Events.

     6.1. Death/Long-Term Disability. This Agreement shall terminate and any and all
rights and obligations of the Company and Executive hereunder shall cease and be completely void
except as specifically set forth in this Agreement, upon the death or Long-Term Disability (as
defined below) of Executive.

     6.1.1. Long-Term Disability. For purposes of this Agreement, “Long-Term
Disability” shall that Executive is determined to be totally and permanently disabled for
purposes of the Company’s long-term disability plan.

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     6.2. Termination by the Company. At the election of the Company, this Agreement shall
terminate and any and all rights and obligations of the Company and Executive hereunder shall cease
and be completely void except as specifically set forth in this Agreement, upon the earliest to
occur of the following: (i) the termination of Executive by the Company with Cause (as defined
below) under this Agreement and delivery of written notice in accordance with Sections 6, 7 and 13,
or (ii) the termination of Executive by the Company without Cause upon delivery of written notice
in accordance with Sections 6, 7 and 13.

          6.2.1. Cause. For purposes of this Agreement, “Cause” shall mean the
occurrence of any of the following events during the Employment Term:

(i) Executive’s conviction of, or the entry of a plea of guilty or nolo contendere
to any misdemeanor involving moral turpitude or any felony;

(ii) fraud, embezzlement, or similar act of dishonesty, unauthorized disclosure,
attempted disclosure, use or attempted use of confidential information; acts
prejudicial to the interest or reputation of the Company; or falsification,
concealment or distortion of management information;

(iii) material misrepresentation in connection with the Executive’s application for
employment with the Company;

(iv) conduct by the Executive constituting an act of moral turpitude, or of physical
violence while on duty;

(v) Executive’s willful failure or refusal to perform the duties on behalf of the
Company which are consistent with the scope and nature of the Executive’s
responsibilities, or otherwise to comply with a lawful directive or policy of the
Company, including without limitation, the Company’s Standards of Conduct as then in
effect as published on the Company’s internal website;

(vi) any act of gross negligence, gross corporate waste or disloyalty by the
Executive to the Company or the commission of any intentional tort by the Executive
against the Company;

(vii) Executive being found liable in any SEC or other civil or criminal securities
law action, or entering any cease and desist order with respect to such action
(regardless of whether or not he admits or denies liability); or

(viii) a material breach of this Agreement or the agreements referenced herein by
the Executive.

     6.3. Termination by Executive. At the election of the Executive, this Agreement shall
terminate and any and all rights and obligations of the Company or Executive hereunder shall cease
and be completely void except as specifically set forth in this Agreement, upon the earliest to
occur of the following: (i) the Executive’s resignation for Good Reason (as defined below);
provided that Executive shall have first provided the Company with written notice in accordance

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with Section 13 within ninety 90 days of the initial existence of the condition he believes
constitutes Good Reason and the Company shall have failed to remedy such condition within thirty
(30) days of its receipt of such notice; or (ii) the Executive’s resignation without Good Reason
upon delivery of written notice in accordance with Section 13.

          6.3.1. Good Reason. For purposes of this Agreement, “Good Reason” shall mean,
without Executive’s express written consent, the occurrence of any one or more of the following
conditions to the extent such condition(s) result in a material negative change to the Executive in
his employment relationship with the Company:

(i) a material breach of this Agreement by the Company;

(ii) a diminution of the Executive’s responsibilities and authority described in
Section 1 resulting in responsibilities and authority in material respects
inconsistent with the responsibilities and authority of the role of Executive Vice
President and Chief Financial Officer of the Company provided, however, that the
parties may agree in writing to a waiver of this right by the Executive;

(iii) a reduction of the Current Base Salary or of any material employee benefit
enjoyed by the Executive unless all senior executives of the Company suffer a
substantially similar reduction or failure;

(iv) the relocation of the Executive’s office to a location more than 60 miles from
the Company’s headquarters in Chelmsford, Massachusetts; or

(v) the failure of the Company to obtain the assumption in writing of its obligation
to perform this Agreement by any successor to all or substantially all of the assets
of the Company within 15 days after a merger, consolidation, sale of assets or
similar transaction.

     6.4. Termination Date. The term “Termination Date” shall mean if the
Executive’s services are terminated (A) by his death, then the date of his death, or (B) by his
Long-Term Disability, then the date of his initial disability, or (C) for any other reason, then
the date on which such termination is to be effective pursuant to the notice of termination to be
given by the party terminating the employment relationship.

7. Effect of Termination.

     7.1. Termination for Death or Disability. It is expressly acknowledged and agreed that
if Executive’s employment shall be terminated due to Executive’s death or Long-Term Disability, all
of the obligations under Sections 1 through 5 of the Company and Executive shall cease except that
the Company shall pay, or provide the following benefits, to Executive or his heirs, executors or
administrators as applicable, without further recourse or liability to the Company:

(i) an amount equal to the unpaid portion of Executive’s Current
Base Salary earned through the Termination Date;

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	 	(ii)	 	an amount equal to the unpaid portion of Executive’s Annual
Performance Incentive for the fiscal year that includes the Executive’s
Termination Date (and to the extent earned but unpaid, for the completed fiscal
year immediately preceding the Executive’s Termination Date), determined in
accordance with Section 5.2, prorated for the number of days that Executive is
actually employed by the Company in such fiscal year, and payable at the same
time that payment of annual performance incentives are paid to other senior
executives of the Company; and
	 
	 	(iii)	 	an amount equal to the value of Executive’s accrued but unused
vacation as of the Termination Date.

     7.2. Termination by the Company.

          7.2.1. Termination by the Company for Cause. It is expressly acknowledged and agreed
that if Executive is terminated by the Company for Cause, all of the obligations under Sections 1
through 5 of the Company and Executive shall cease except that the Company shall pay immediately
after the Termination Date the following amounts to the Executive without further recourse or
liability to the Company:

	 	(i)	 	an amount equal to the unpaid portion of Executive’s Current
Base Salary earned through the Termination Date; and
	 
	 	(ii)	 	an amount equal to the value of Executive’s accrued but unused
vacation as of the Termination Date.

          7.2.2. Termination By the Company Without Cause. It is expressly acknowledged and
agreed that if Executive’s employment shall be terminated by Company for any reason, except as set
forth in Sections 6.1, and 6.2(i), then all of the obligations under Sections 1 through 5 of the
Company and Executive shall cease except that the Company shall pay, or provide the following
benefits, to Executive without further recourse or liability to the Company:

	 	(i)	 	an amount equal to the unpaid portion of Executive’s Current
Base Salary earned through the Termination Date;
	 
	 	(ii)	 	an amount equal to the unpaid portion of Executive’s Annual
Performance Incentive for the fiscal year that includes the Executive’s
Termination Date (and to the extent earned but unpaid, for the completed fiscal
year immediately preceding the Executive’s Termination Date), determined in
accordance with Section 5.2, prorated for the number of days that
Executive is actually employed by the Company in such fiscal year, and
payable at the same time that payment of annual performance incentives are
paid to other senior executives of the Company;
	 
	 	(iii)	 	an amount equal to the value of Executive’s accrued but unused
vacation as of the Termination Date;

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	 	(iv)	 	one (1) year’s Current Base Salary as severance in pay
continuation. Payment of this severance will be made in bi-weekly payments for
one (1) year (the “Initial Salary Continuation Period”);
	 
	 	(v)	 	during the Initial Salary Continuation Period as it may be
extended pursuant to subsection (vi) below (together, the “Total Salary
Continuation Period”), Executive will continue to be eligible for medical,
dental and vision plans in which Executive was a participant at the Termination
Date. The Company will continue to pay the employer portion of the costs of
these plans during the Total Salary Continuation Period. The period of
coverage for purposes of Executive’s COBRA continuation coverage will run
concurrently with the Total Salary Continuation Period;
	 
	 	(vi)	 	if the Executive has not found a full-time comparable executive
position with another employer during the Initial Salary Continuation Period,
the Company will extend the bi-weekly payment plan on a month to month basis
until the earlier to occur of (A) one (1) additional year (26 additional
bi-weekly payments) or (B) the date Executive secures full-time employment, in
each case subject only to the Executive’s obligation to inform the Company’s
Human Resources Department that Executive’s search for replacement employment
is ongoing and continuing in good faith. Said notice from Executive shall be
made on the 15th of the month commencing with the last month of the
Initial Salary Continuation Period and monthly thereafter as applicable.
Notice shall be made in accordance with Section 13 of this Agreement. Payments
to Executive during the Total Salary Continuation Period shall be reduced by
the amount of income earned by Executive from employment or consulting
arrangements with any other person or business entity; and
	 
	 	(vii)	 	Executive shall be entitled to receive outplacement services
from the Company’s outplacement provider for the six (6) month period following
the Executive’s Termination Date.

Any and all payments by the Company under this Agreement are and shall be specifically conditioned
upon full compliance by the Executive with all elements of the Non-Competition Agreement and the
other applicable provisions of this Agreement.

     7.3. Termination by Executive.

          7.3.1. Termination by Executive Without Good Reason. It is expressly acknowledged and
agreed that if Executive resigns without Good Reason, then all of the obligations under Sections 1
through 5 of the Company and Executive shall cease except that the Company shall pay, or provide
the following benefits, to Executive without further recourse or liability to the Company:

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	 	(i)	 	an amount equal to the unpaid portion of Executive’s Current
Base Salary earned through the Termination Date; and
	 
	 	(ii)	 	an amount equal to the value of Executive’s accrued but unused
vacation as of the Termination Date.

          7.3.2. Termination by Executive For Good Reason. It is expressly acknowledged and
agreed that if Executive’s employment shall be terminated because the Executive resigns for Good
Reason, then all of the obligations under Sections 1 through 5 of the Company and Executive shall
cease except that the Company shall pay, or provide the following benefits, to Executive without
further recourse or liability to the Company:

	 	(i)	 	an amount equal to the unpaid portion of Executive’s Current
Base Salary earned through the Termination Date;
	 
	 	(ii)	 	an amount equal to the unpaid portion of Executive’s Annual
Performance Incentive for the fiscal year that includes the Executive’s
Termination Date (and to the extent earned but unpaid, for the completed fiscal
year immediately preceding the Executive’s Termination Date), determined in
accordance with Section 5.2, prorated for the number of days that Executive is
actually employed by the Company in such fiscal year, and payable at the same
time that payment of annual performance incentives are paid to other senior
executives of the Company;
	 
	 	(iii)	 	an amount equal to the value of Executive’s accrued but unused
vacation as of the Termination Date;
	 
	 	(iv)	 	one (1) year’s Current Base Salary as severance in pay
continuation. Payment will be made in bi-weekly payments during the Initial
Salary Continuation Period;
	 
	 	(v)	 	during the Total Salary Continuation Period, Executive will
continue to be eligible for medical, dental and vision plans in which the
Executive was a participant at the Termination Date. The Company will continue
to pay the employer portion of the costs of these plans during the Total Salary
Continuation Period. The period of coverage for purposes of the Executive’s
COBRA continuation coverage will run concurrently with the Total Salary
Continuation Period;
	 
	 	(vi)	 	if the Executive has not found full-time comparable executive
position with another employer during the Initial Salary Continuation Period,
the Company will extend the bi-weekly payment plan on a month to month basis
until the earlier to occur of (A) one (1) additional year (26 additional
bi-weekly payments) or (B) the date Executive secures full-time employment,
subject only to the Executive’s obligation to inform the Company’s Human
Resources Department that Executive’s search for replacement employment is
ongoing and continuing in good faith. Said

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	 	 	 	Notice from Executive shall be made
on the 15th of the month commencing with the last month of the
Initial Salary Continuation Period and monthly thereafter as applicable.
Notice shall be made in accordance with Section 13 of this Agreement. Payments
to Executive during the Total Salary Continuation Period shall be reduced by
the amount of income earned by Executive from employment or consulting
arrangements with any other person or business entity; and
	 
	 	(vii)	 	Executive shall be entitled to receive outplacement services
from the Company’s outplacement provider for the six (6) month period following
the Executive’s Termination Date.

Any and all payments by the Company under this Agreement are and shall be specifically conditioned
upon full compliance by the Executive with all elements of the Non-Competition Agreement and the
other applicable provisions of this Agreement.

     7.4. 280G. In the event that the Executive shall become entitled to payment and/or
benefits provided by this Agreement or any other amounts in the “nature of compensation” (whether
pursuant to the terms of this Agreement or any other plan, arrangement or agreement with the
Company, any person whose actions result in a change of ownership or effective control covered by
Section 280G(b)(2) of the Code or any person affiliated with the Company or such person) as a
result of such change in ownership or effective control (collectively the “Company
Payments”), and such Company Payments would be subject to the tax imposed by Section 4999 of
the Code (together with any similar tax that may hereafter be imposed by any taxing authority, the
“Excise Tax”) the Executive shall be solely responsible for the payment in full of any such
Excise Tax and the Company shall withhold any federal or state taxes as required by applicable law.

     7.5. 409A. For purposes of Internal Revenue Code Section 409A (“Section
409A”), each installment of severance pay shall be deemed to be a “separate payment” (within
the meaning of Section 409A). In the event the Executive is determined by the Company to be a
“specified employee” (within the meaning of Section 409A) at the time of his “separation from
service” (within the meaning of Section 409A), then any payments of “deferred compensation” (within
the meaning of Section 409A, but determined after giving effect to any exceptions including the
separation pay exception and the short-term deferral exception set forth in the Section 409A
regulations) otherwise payable to the Executive during the first six (6) months following his
separation from service shall be delayed and paid in a lump sum six (6) months and
one day after his separation from service, together with interest at the prime rate as
published in The Wall Street Journal on the date of separation from service.

8. Additional Conditions Applicable to All Payments. Concurrent with the execution of this
Agreement, Executive and the Company entered into the Indemnification Agreement attached as
Exhibit A and the Non-Competition Agreement attached hereto as Exhibit B. Any and
all payments and benefits provided by the Company under this Agreement or otherwise shall be
specifically condition upon Executive’s full compliance with Exhibit B. The severance pay
and benefits described in Section 7 above are also subject to Executive’s execution of and decision
not to revoke a waiver, release, and covenant not to sue in a form provided by the Company.

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9. Forfeiture and Clawback. If the Company is required to prepare an accounting
restatement due to material noncompliance of the Company, as a result of misconduct or gross
negligence of the Executive, with any financial reporting requirement under the United States
securities laws, including Section 304 of the Sarbanes-Oxley Act of 2002, then, in addition to any
penalty prescribed by law, Executive shall forfeit or repay to the Company, as the case may be, all
of the following: any Annual Performance Incentive (or similar annual cash bonus or incentive) paid
during the twelve (12) month period following the date of the first public issuance or filing with
the SEC of the deficient financial document, any gain on the sale of Company securities during the
same period, any shares received during that same period upon exercising or vesting in any
equity-based award granted by the Company to the Executive (including the Sign-On Award), and any
unvested and/or unexercised equity-based incentive awards granted by the Company to the Executive
(including the Sign-On Award).

10. Assignment. Neither the Company nor Executive may make any assignment of this
Agreement or any interest herein, by operation of law or otherwise, without the prior written
consent of the other party; provided, however, that the Company may assign its rights and
obligations under this Agreement without the consent of Executive if the Company shall hereafter
effect a reorganization, consolidate with, or merge with or into any other entity or transfer all
or substantially all of its properties or assets to any other person or entity. This Agreement
shall be binding upon and inure to the benefit of the Company, Executive and their respective
successors, executors, administrators, heirs and permitted assigns.

11. Waiver. The waiver by any party hereto of a breach of any provision of this Agreement
by any other party will not operate or be construed as a waiver of any other or subsequent breach
by such other party.

12. Severability. The parties agree that each provision contained in this Agreement shall
be treated as a separate and independent clause, and the unenforceability of any one clause shall
in no way impair the enforceability of any of the other clauses herein. Moreover, if one or more
of the provisions contained in this Agreement shall for any reason be held to be excessively broad
as to scope, activity or subject, such provisions shall be construed by the appropriate judicial
body by limiting and reducing it or them, so as to be enforceable to the extent compatible with the
applicable law.

13. Notices. Any notice or other communication in connection with this Agreement shall be
deemed to be delivered if in writing, addressed as provided below and actually delivered at said
address:

If to Executive, to him at his last known address as set forth in the Company’s payroll records.

     If to the Company, to it at the following address:

Brooks Automation, Inc.

15 Elizabeth Drive

Chelmsford, MA 01824

Attn: General Counsel

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     or to such other person or address as to which either party may notify the other in accordance
with this Section 13.

14. Applicable Law, Venue, and Waiver of Jury Trial. This Agreement, including the
Indemnification Agreement and the Non-Competition Agreement, shall be interpreted and construed in
accordance with the laws of the Commonwealth of Massachusetts, without reference to conflicts of
law rules, and without regard to its location of execution or performance. Jurisdiction and venue
for any claim or causes of action arising under this Agreement shall be exclusively in the courts
located in Middlesex County, Massachusetts. EACH PARTY WAIVES ITS RIGHT TO A JURY TRIAL IN ANY
COURT OF ACTION ARISING BETWEEN THE PARTIES, WHETHER UNDER THIS AGREEMENT OR OTHERWISE RELATED TO
THIS AGREEMENT, AND WHETHER MADE BY CLAIM, COUNTERCLAIM, THIRD PARTY CLAIM OR OTHERWISE. THE
AGREEMENT OF EACH PARTY TO WAIVE ITS RIGHT TO A JURY TRIAL WILL BE BINDING ON ITS BENEFICIARIES,
PERSONAL REPRESENTATIVES, HEIRS, SUCCESSORS, AND ASSIGNS.

15. Remedies. Executive acknowledges that a breach of any of the promises or agreements
contained herein could result in irreparable and continuing damage to the Company for which there
may be no adequate remedy at law, and the Company shall be entitled to seek injunctive relief
and/or a decree for specific performance, and such other relief as may be proper (including
monetary damages if appropriate).

16. Integration. This Agreement, the Indemnification Agreement attached hereto as
Exhibit A, and the Non-Competition Agreement attached hereto as Exhibit B together
form the entire agreement between the parties hereto with respect to the subject matter contained
in this Agreement and shall supersede all prior agreements, oral discussions, promises and
representations regarding employment, compensation, severance or other payments contingent upon
termination of employment, whether in writing or otherwise.

17. Absence of Conflicting Obligations. Executive represents that he is not bound by any
agreement or any other existing or previous business relationship that conflicts with or prevents
him from entering into this Agreement or fully performing his duties and responsibilities during
the Employment Term. Executive further represents that his obligations under or in consideration
with this Agreement do not breach and will not breach any agreement to keep in confidence
proprietary information, knowledge or data acquired by him.

18. Effect of Headings. Any title of a section heading contained herein is for convenience
of reference only, and shall not affect the meaning of construction or any of the provisions
hereof.

19. Counterparts. This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original and all of which together shall be considered one and the same
agreement.

20. Survival. Notwithstanding any provisions of this Agreement to the contrary, the
obligations of Executive and the Company pursuant to Sections 6 through 18 hereof shall each
survive termination of this Agreement.

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[SIGNATURE PAGE FOLLOWS]

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            IN WITNESS WHEREOF, the parties hereto have hereunto set their hands, as of the date first
above written.

	 	 	 	 	 
	 	EXECUTIVE

 	 
	 	/s/ Martin S. Headley
 	 
	 	Martin S. Headley 	 
	 	 	 
	 
	 	BROOKS AUTOMATION, INC.

 	 
	 	By:  	/s/ Thomas S. Grilk
 	 
	 	 	Thomas S. Grilk 	 
	 	 	Senior Vice President, General Counsel

and Secretary 	 

 

 

	 	 	 	 	 

Exhibit A

Indemnification Agreement

 

 

Exhibit B

Executive Non-Competition and Proprietary Information Agreement<PAGE>

ANNEX B

ASIA AUTOMOTIVE ACQUISITION CORPORATION

KEY EMPLOYEES EMPLOYMENT AGREEMENT

This KEY EMPLOYEES EMPLOYMENT AGREEMENT (the "Agreement"), is entered into as of
July 24, 2007 by and between ASIA AUTOMOTIVE ACQUISITION CORPORATION, a US
public company (the "Company") and the selected executives and employees
(hereinafter referred to as "Key Employees" collectively or "Key Employee" as
individual, the names of such Key Employees are attached as Exhibit A of this
Agreement; collectively, the "Parties").

RECITALS

The Company desires to retain and employ the Key Employees listed in Exhibit A
and to assure itself of the services of the Key Employees for the Period of
Employment (as defined below). The Key Employees desire to be retained and
employed by the Company for the Period of Employment and upon the terms and
conditions of this Agreement.

AGREEMENT

ACCORDINGLY, the Parties agree as follows:

<PAGE>

1. Consideration. The Company will issue to the Key Employees in Hunan Tongxin,
4,500,000 shares of the new company. These shares will be issued unconditional
after the close of the transaction between AAAC and Hunan Tongxin. In addition,
if the company calls the 5,000,000 outstanding warrants for redemption from the
current holders of AAAC warrants (AAACW), the Company shall issue 2,000,000
shares of the Company's common stock to the Key Employees, listed on attachment
A with no consideration paid by Key Employees.

2. Term of Employment. The Company shall employ the Key Employees to render
services to the Company in the position and with the duties and responsibilities
described in Section 2 from the date of this Agreement until the business
transaction between Hunan Tongxin and AAAC has been consummated (the "Period of
Employment"), unless the Period of Employment is terminated sooner in
accordance with Section 4 or 5 below or extended upon mutual agreement of the
Parties.

<PAGE>

3. Position, Duties, Responsibilities.

3.1 Position. The Key Employees shall render services to the Company in the
position as designated by the Chief Executive Officer of the Company and shall
perform all services appropriate to that position as well as such other
services as may reasonably be assigned by the Company, including giving due
consideration to serving in HUNAN TX ENTERPRISE CO., LTD., after the
consummation of the business combination between Hunan Tongxin and AAAC. Hunan
TX Enterprise Co. will become a wholly owned subsidiary of the new Company
established in the People's Republic of China (the "PRC")("TX China"). Each key
Employee's principal place of employment shall be at any location in the PRC
decided by the board of directors of the Company. Each of the Key Employees
shall devote his/her best efforts and full-time attention to the performance of
his/her duties. The Key Employees shall report to the Chief Executive Officer
of the Company.

3.2 Other Activities. Except upon the prior written consent of the board of
directors of the Company, the Key Employees shall not (i) accept any other
employment (except for academic employment, position in industrial or
professional associations, non-executive director of other companies which do
not compete with the Company's business provided that such other companies or
indirectly, in any other business activity (whether or not pursued for
pecuniary advantage) that is or may be in conflict with, or that might place
the Key Employees in a conflicting position to that of the Company or (iii) act
as the legal representative or an executive officer of another company within
or outside the PRC.

3.3 Execution of TX China Employment Agreement. The Key Employees shall upon
request of the Company execute an employment agreement (the "TX China
Employment Agreement") with TX China in accordance with PRC laws and
regulations, in the form substantially identical to this Agreement except for
adjustments or alterations required to comply with the relevant laws and
regulations of the PRC.

<PAGE>

4. Compensation. The employees listed on attachment A will continue to receive
their current salary and benefits that they currently receive. The salary and
welfare provided respectively in the TX China Employment Agreement and this
Agreement shall not be cumulative.

4.2 By Death. The Key Employee's employment shall terminate
<PAGE>

automatically upon the Key Employee's death. The Company shall pay to the Key
Employee's beneficiaries or estate, as appropriate, any compensation then due
and owing under Section 3 hereof to which the Key Employee is entitled up
through the date of termination, subject to any other rights or remedies of the
Company under law, and thereafter all obligations of the Company under this
Agreement shall cease. Nothing in this section shall affect any entitlement of
the Key Employee's heirs or devisees to the benefits of any life insurance plan
or other applicable benefits, if any.

4.3 By Disability. If the Key Employee is unable to carry out the
responsibilities and functions of the position held by the Key Employee by
reason of any physical or mental impairment for more than ninety (90)
consecutive days or more than one hundred twenty (120) days in any twelve-month
period, then, to the extent permitted by law, the Company may terminate the Key
Employee's employment. The Company shall pay to the Key Employee all
compensation prescribed under Section 3 hereof to which the Key Employee is
entitled up through the date of termination, and thereafter all obligations of
the Company under this Agreement shall cease. Nothing in this section shall
affect the Key Employee's rights under any disability plan in which the Key
Employee is a participant, if any.

5. Termination by Key Employee.

5.1 Termination by Key Employee other than for Good Reason. The Key Employee may
terminate employment with the Company at any time for any reason or no reason at
all, upon three (3) months' advance written notice. During such notice period
the Key

<PAGE>

Employee shall continue to diligently perform all of the Key Employee's duties
hereunder. The Company shall have the option, in its sole discretion, to make
the Key Employee's termination effective at any time prior to the end of such
notice period as long as the Company pays the Key Employee all compensation
under Section 3 hereof to which the Key Employee is entitled up through the last
day of the three (3) months' notice period. Thereafter all obligations of the
Company shall cease.

5.2 Termination for Good Reason after Change in Control. The Key Employee's
termination shall be for Good Reason (as defined below) if the Key Employee
provides written notice to the Company of the Good Reason within three (3)
months of the event constituting Good Reason and provides the Company with a
period of twenty (20) days to cure the Good Reason and the Company fails to cure
the Good Reason within that period. For purposes of this Agreement, "Good
Reason" shall mean any of the following events if (i) the event is effected by
the Company without the consent of the Key Employee and (ii) such event occurs
within three (3) months after a Change in Control (as hereinafter defined): (A)
a change in the Key Employee's position with the Company which materially
reduces the Key Employee's level of responsibility; or (B) a relocation of the
Key Employee's principal place of employment by more than one hundred
kilometers. For purposes of this Agreement, a "Change in Control" of the Company
shall be deemed to have occurred when: (i) the shareholders of the Company
approve a merger or consolidation of the Company with any other corporation,
other than a merger or consolidation which would result in the shareholders of
the Company immediately prior thereto holding fifty percent (50%) or more of the
outstanding voting securities of the Company or the surviving entity immediately
after such

<PAGE>

merger or consolidation; or (ii) the shareholders of the Company approve either
a plan of liquidation or dissolution of the Company or an agreement for the
sale, lease, exchange or other transfer or disposition by the Company of
fifty-percent (50%) or more of the Company's assets.

6. Termination Obligations.

The Company agrees that its obligation to pay the consideration to the Key
Employee will not be affected in anyhow no matter this Agreement is terminated
for any reason as stated in Section 4 and 5 above.

The Key Employee agrees that on or before termination of employment, he will
promptly return to the Company all documents and materials of any nature
pertaining to his/her work with the Company, including all originals and copies
of all or any part of any Proprietary Information or Inventions (as defined
below) along with any and all equipment and other tangible and intangible
property of the Company. The Key Employee agrees not to retain any documents or
materials or copies thereof containing any Proprietary Information or
Inventions.

The Key Employee further agrees that: (i) all representations, warranties, and
obligations under Articles 6, 7, 8, 12, 14.1, 14.2 and 14.3 contained in this
Agreement shall survive the termination of the Period of Employment; (ii) the
Key Employee's representations, warranties and obligations under Articles 6, 7,
8, 12, 14.1, 14.2 and 14.3 shall also survive the expiration of this Agreement;
and (iii) following any termination of the Period of Employment, the Key
Employee shall fully

<PAGE>

cooperate with the Company in all matters relating to his/her continuing
obligations under this Agreement, including but not limited to the winding up of
pending work on behalf of the Company, the orderly transfer of work to the other
employees of the Company, and the defense of any action brought by any third
party against the Company that relates in any way to the Key Employee's acts or
omissions while employed by the Company. The Key Employee also agrees to sign
and deliver the Termination Certificate attached hereto as Exhibit C prior to
his/her termination of employment with the Company.

7. Post-Termination Activity.

7.1 No Use of Proprietary Information. The Key Employee acknowledges that the
pursuit of the activities forbidden by this subsection would necessarily involve
the use or disclosure of Proprietary Information in breach of this Agreement,
but that proof of such a breach would be extremely difficult. To forestall such
disclosure, use, and breach, and in consideration of the employment under this
Agreement, the Key Employee also agrees that while employed by the Company, and
for a period of three (3) years after termination of the Key Employee's
employment, the Key Employee shall not, directly or indirectly:

(i) divert or attempt to divert from the Company or any Affiliate ("Affiliate"
shall mean any person or entity that directly, or indirectly through one or more
intermediaries, controls, or is controlled by, or is under common control with
such entity. For the purposes of this definition "control" means the possession,
directly or indirectly, of the power to direct or cause the direction of the
management and policies of a person,

<PAGE>

whether through the ownership of voting securities, by contract or otherwise,
and includes (x) ownership directly or indirectly of 50% or more of the shares
in issue or other equity interests of such person, (y) possession directly or
indirectly of 50% or more of the voting power of such person or (z) the power
directly or indirectly to appoint a majority of the members of the board of
directors or similar governing body of such person, and the terms "controlling"
and "controlled" have meanings correlative to the foregoing) any business of any
kind in which it is engaged, including, without limitation, soliciting business
from or performing services for, any persons, company or other entity which at
any time during the Key Employee's employment by the Company is a client,
supplier, or customer of the Company or prospective client, supplier, or
customer of the Company if such business or services are of the same general
character as those engaged in or performed by the Company;

(ii) solicit or otherwise induce any person to terminate his/her employment or
consulting relationship with the Company or any Affiliate; and

(iii) engage, invest or assist in any business activity that directly or
indirectly competes with the business or future business plans of the Company or
any Affiliate.

In addition, because the Key Employee acknowledges the difficulty of
establishing when any intellectual property, invention, or proprietary
information is first conceived or developed by the Key Employee, or whether it
results from access to Proprietary Information or the Company equipment,
supplies, facilities, or data, the Key Employee agrees that any intellectual

<PAGE>

property, invention, or proprietary information shall be reported to the Company
and, unless proven otherwise to the reasonable satisfaction of the Company,
shall be presumed to be an Invention for the purpose of this Agreement and shall
be subject to all terms and conditions hereof, if reduced to practice by the Key
Employee or with the aid of the Key Employee within two (2) years after
termination of the Period of Employment.

7.2 No Competition. Notwithstanding Section 7.1 above, while employed by the
Company and for a period of three (3) years after the termination of the Key
Employee's employment with the Company for any reason whatsoever, the Key
Employee shall not, directly or indirectly, as an Key Employee, employer,
employee, consultant, agent, principal, partner, manager, stockholder, officer,
director, or in any other individual or representative capacity, engage or
participate in any business within the PRC that is competitive with the business
of the Company or any Affiliate, except if this Agreement expires, then a period
of three (3) years shall apply. Notwithstanding the foregoing, the Key Employee
may own less than one percent (10%) of any class of stock or security of any
corporation listed on an internationally recognized securities exchange which
competes with the Company.

7.3 Enforceability. The covenants of this Article 7 are several and separate,
and the unenforceability of any specific covenant shall not affect the
provisions of any other covenant. If any provision of this Article 7 relating to
the time period or geographic area of the restrictive covenants shall be
declared by a court of competent jurisdiction to exceed the maximum time period
or geographic area, as applicable, that such court deems reasonable and
enforceable, then this Agreement shall

<PAGE>

automatically be considered to have been amended and revised to reflect the
maximum time period or geographic area that such court deems enforceable.

7.4 Independent Covenants. All of the covenants in this Article 7 shall be
construed as an agreement independent of any other provision in this Agreement,
and the existence of any claim or cause of action of the Key Employee against
the Company or any of its Affiliates, whether predicated on this Agreement or
otherwise, shall not constitute a defense to the enforcement by the Company of
such covenants.

8. Proprietary Information.

The Key Employee agrees during his/her employment with the Company and within
three (3) years thereafter, to hold in strictest confidence and trust, and not
to use or disclose to any person, firm or corporation any Proprietary
Information without the prior written consent of the Company, except as
necessary in carrying out his/her duties as an employee of the Company for the
benefit of the Company. "Proprietary Information" means any information of a
proprietary, confidential or secret nature that may be disclosed to the Key
Employee that relates to the business of the Company or of any parent,
subsidiary, Affiliate, customer or supplier of the Company or any other party
with whom the Company agrees to hold information of such party in confidence
("Relevant Parties"). Such Proprietary Information includes, but is not limited
to, Inventions, research, product plans, products, services, business
strategies, personnel information, customer lists, customers, markets, technical
information, forecasts, marketing, finances or other business information of the
Company

<PAGE>

and its Affiliates. This information shall remain confidential whether
it was disclosed to the Key Employee either directly or indirectly in writing,
orally or by drawings or observation. The Key Employee understands that
Proprietary Information does not include any of the foregoing items which has
become publicly known and made generally available through no wrongful act of
the Key Employee or others who were under confidentiality obligations as to the
items involved.

9. Former Employer Information.

The Key Employee agrees that he will not, during his/her employment with the
Company, improperly use or disclose any proprietary information or trade
secrets, or bring onto the premises of the Company any unpublished document or
proprietary information belonging to any former or concurrent employer (except
TX China) or other person or entity.

10. Third Party Information.

The Key Employee recognizes that the Company has received and in the future will
receive confidential or proprietary information from third Parties. The Key
Employee agrees to hold all such confidential or proprietary information in the
strictest confidence and trust, and not to disclose it to any person, firm or
corporation or to use it except as necessary in carrying out his/her work for
the Company consistent with the Company's agreement with such third party.

11. No Conflict.

<PAGE>

The Key Employee represents and warrants that the Key Employee's execution of
this Agreement, his/her employment with the Company, and the performance of
his/her proposed duties under this Agreement shall not violate any obligations
he may have to any former employer or other party, including any obligations
with respect to proprietary or confidential information or intellectual property
rights of such party.

12. Inventions.

12.1 Inventions Retained and Licensed. If the Key Employee has any inventions,
original works of authorship, developments, improvements, and trade secrets
which were made by the Key Employee prior to the Key Employee's employment with
the Company ("Prior Inventions"), which belong to the Key Employee, and which
relate to the Company's actual and/or proposed business, products or research
and development. If, in the course of his/her employment with the Company, the
Key Employee incorporates into a Company product, process or machine a Prior
Invention owned by the Key Employee or in which the Key Employee has an
interest, the Company is hereby granted and shall have a non-exclusive,
royalty-free, irrevocable, perpetual, worldwide license to make, have made,
modify, use and sell such Prior Invention as part of or in connection with such
product, process or machine.

12.2 Assignment of Inventions. The Key Employee agrees that he will promptly
make full written disclosure to the Company, will hold in trust for the sole
right and benefit of the Company, and hereby irrevocably assign to the Company,
or its designee, all the Key Employee's right, title, and interest in and to any
and all inventions, original works of authorship, developments, concepts,

<PAGE>

improvements, designs, drawings, discoveries, ideas, formulas, processes,
compositions of matter, software, databases, mask works, computer programs
(including all source codes) and related documentation, algorithms, engineering
and reverse engineering, technology, hardware configuration information, logos,
trade names, trademarks, patents, patent applications, copyrights, trade secrets
or know-how, which the Key Employee may solely or jointly conceive or develop or
reduce to practice, or cause to be conceived or developed or reduced to practice
("Inventions"), while the Key Employee is employed by the Company. The Key
Employee further acknowledges that all original works of authorship which are
made by the Key Employee (solely or jointly with others) within the scope of and
during his/her employment with the Company and which are protectable by
copyright are "works made for hire," as that term is defined in the United
States Copyright Act and that the Company will be considered the author and
owner of such works. The Key Employee understands and agrees that the decision
whether or not to commercialize or market any Invention developed by the Key
Employee solely or jointly with others is within the Company's sole discretion
and for the Company's sole benefit and that no royalty will be due to the Key
Employee as a result of the Company's efforts to commercialize or market any
such Invention.

12.3 Waiver of Moral Rights. To the utmost extent legally permitted, the Key
Employee also hereby forever waives and agrees never to assert any and all Moral
Rights (as defined below) he may have in or with respect to any Invention, even
after termination of his/her work on behalf of the Company. "Moral Rights" mean
any rights to claim authorship of an Invention to object to or prevent the
modification of any Invention, or to withdraw from circulation

<PAGE>

or control the publication or distribution of any Invention, and any similar
right, existing under judicial or statutory law of any country in the world, or
under any treaty, regardless of whether or not such right is denominated or
generally referred to as a "moral right."

12.4 Maintenance of Records. The Key Employee agrees to keep and maintain
adequate and current written records of all Inventions made by the Key Employee
(solely or jointly with others) during the Key Employee's employment with the
Company. The records will be in the form of notes, sketches, drawings, and any
other format that may be specified by the Company. The records will be provided
to, and remain the sole property of, the Company at all times.

12.5 Patent and Copyright Registrations. The Key Employee agrees to assist the
Company, or its designee, at the Company's expense, in every proper way, to
secure the Company's rights in the Inventions and any copyrights, patents, mask
work rights, trade secret rights or other intellectual property rights relating
thereto in any and all countries. The Key Employee will disclose to the Company
all pertinent information and data which the Company deems necessary for the
execution of all applications, specifications, oaths, assignments and execute
all instruments necessary to apply for and obtain such rights and in order to
assign and convey to the Company, its successors, assigns, and nominees, the
sole and exclusive right, title and interest in and to such Inventions, and any
copyrights, patents, mask work rights, or other intellectual property rights
relating thereto. The Key Employee further agrees that the Key Employee's
obligation to execute or cause to be executed, when it is in the Key Employee

<PAGE>

power to do so, any such instrument or papers shall continue after the
termination of this Agreement. If the Company is unable, because of the Key
Employee's mental or physical incapacity or for any other reason, to secure
his/her signature to apply for or to pursue any application for any patents or
copyright registrations covering the Inventions assigned to the Company as
above, then the Key Employee hereby irrevocably designates and appoints the
Company and its duly authorized officers and agents as his/her agent and
attorney in fact, to act for and in the Key Employee's behalf and stead to
execute and file any such applications and to do all other lawfully permitted
acts to further the prosecution and issuance of letters, patent or copyright
registrations thereon with the same legal force and effect as if executed by the
Key Employee.

13. Alternative Dispute Resolution.

The Company and Key Employee mutually agree that any controversy or claim
arising out of or relating to this Agreement or the breach thereof, or any other
dispute between the Parties, shall be submitted to mediation before a mutually
agreeable mediator, which cost is to be borne equally by the Parties hereto. In
the event the Parties fail to agree on a mediator, or mediation is unsuccessful
in resolving the claim or controversy within one (1) month after the
commencement of mediation, such claim or controversy shall be resolved by
litigation in the competent court.

14. Miscellaneous.

14.1 Continuing Obligations. The obligations in this

<PAGE>

Agreement will continue in the event that the Key Employee is hired, renders
services to or for the benefit of or is otherwise retained at any time by any
present or future Affiliates of the Company. Any reference to the Company in
this Agreement will include such Affiliates. Upon the expiration or termination
for any reason whatsoever of this Agreement, the Key Employee shall forthwith
resign from any employment of office with an Affiliate of the Company unless the
board of directors of the Company requests otherwise.

14.2 Notification. The Key Employee hereby authorizes the Company to notify
his/her actual or future employers of the terms of this Agreement and his/her
responsibilities hereunder.

14.3 Name and Likeness Rights. The Key Employee hereby authorizes the Company to
use, reuse, and to grant others the right to use and reuse, his/her name,
photograph, likeness (including caricature), voice, and biographical
information, and any reproduction or simulation thereof, in any media now known
or hereafter developed (including but not limited to film, video and digital or
other electronic media), both during and after his/her employment, for whatever
purposes the Company deems necessary.

14.4 Injunctive Relief. The Key Employee understands that in the event of a
breach or threatened breach of this Agreement by him, the Company may suffer
irreparable harm and will therefore be entitled to injunctive relief to enforce
this Agreement.

14.5 Legal Fees. In any dispute arising under or in connection with this
Agreement, the prevailing party shall be entitled to recover reasonable
attorney's fees.

<PAGE>

14.6 Entire Agreement. This Agreement, including the exhibits attached hereto,
is intended to be the final, complete, and exclusive statement regarding their
subject matter, except for other agreements specifically referenced herein.
Unless otherwise specifically provided for herein, this Agreement supersedes all
other prior and contemporaneous agreements and statements pertaining to this
subject matter, and may not be contradicted by evidence of any prior or
contemporaneous statements or agreements. To the extent that the practices,
policies, or procedures of the Company, now or in the future, apply to the Key
Employee and are inconsistent with the terms of this Agreement, the provisions
of this Agreement shall control.

14.7 Amendments, Renewals and Waivers. This Agreement may not be modified,
amended, renewed or terminated except by an instrument in writing, signed by the
Key Employee and by a duly authorized representative of the Company other than
the Key Employee. No failure to exercise and no delay in exercising any right,
remedy, or power under this Agreement shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, remedy, or power under this
Agreement preclude any other or further exercise thereof, or the exercise of any
other right, remedy, or power provided herein or by law or in equity.

14.8 Assignment; Successors and Assigns. The Key Employee agrees that he will
not assign, sell, transfer, delegate or otherwise dispose of, whether
voluntarily or involuntarily, or by operation of law, any rights or obligations
under this Agreement, nor shall the Key Employee's rights be subject to
encumbrance or the claims of creditors. Any purported assignment, transfer, or

<PAGE>

delegation shall be null and void. Nothing in this Agreement shall prevent the
consolidation of the Company with, or its merger into, any other corporation, or
the sale by the Company of all or substantially all of its properties or assets,
or the assignment by the Company of this Agreement and the performance of its
obligations hereunder to any successor in interest. In the event of a change in
ownership or control of the Company, the terms of this Agreement will remain in
effect and shall be binding upon any successor in interest. Notwithstanding and
subject to the foregoing, this Agreement shall be binding upon and shall inure
to the benefit of the Parties and their respective heirs, legal representatives,
successors, and permitted assigns, and shall not benefit any person or entity
other than those enumerated above.

14.9 Notices. All notices and other communications given or made pursuant hereto
shall be in writing and shall be deemed to have been duly given or made as of
the date delivered or mailed if delivered personally or by nationally recognized
courier or mailed by registered mail (postage prepaid, return receipt requested)
or by telecopy to the Parties at the following addresses (or at such other
address for a party as shall be specified by like notice, except that notices of
changes of address shall be effective upon receipt):

To:                Asia Automotive Acquisition Corporation
Contact Address:   199 Pierce Street, Suite 202,Birmingham,
                   Michigan, 480009, USA

Attention:         Rudy Wilson
Facsimile Number:  248-203-9950

To:                Key Employees

<PAGE>

Contact Address:   Hunan TX Enterprise Co., Ltd.
                   Jiangbei Village, Changsha County, 410135, PRC
Attention:         Peng Weiwu
Facsimile Number:  86-731-6290047

14.10 Waiver of Immunity. To the extent that any Party (including its assignees
of any such rights or obligations hereunder) may be entitled, in any
jurisdiction, to claim for itself (or himself or herself) or its revenues or
assets or properties, immunity from service of process, suit, the jurisdiction
of any court, an interlocutory order or injunction or the enforcement of the
same against its property in such court, attachment prior to judgment,
attachment in aid of execution of an arbitral award or judgment (interlocutory
or final) or any other legal process, and to the extent that, in any such
jurisdiction there may be attributed such immunity (whether claimed or not),
such Party hereby irrevocably waive such immunity.

14.11 Severability; Enforcement. If any provision of this Agreement, or its
application to any person, place, or circumstance, is held by an arbitrator or a
court of competent jurisdiction to be invalid, unenforceable, or void, such
provision shall be enforced (by blue-penciling or otherwise) to the maximum
extent permissible under applicable law, and the remainder of this Agreement and
such provision as applied to other persons, places, and circumstances shall
remain in full force and effect.

14.12 Governing Law. This Agreement shall in all respects be construed and
enforced in accordance with and governed by the laws of the State of Delaware of
the United States.

<PAGE>

14.13 Interpretation. This Agreement shall be construed as a whole, according to
its fair meaning, and not in favor of or against any party. Sections and section
headings contained in this Agreement are for reference purposes only, and shall
not affect in any manner the meaning or interpretation of this Agreement.
Whenever the context requires, references to the singular shall include the
plural and the plural the singular. References to one gender include both
genders.

14.14 Obligations Survive Termination of Employment. The Key Employee agrees
that any and all of the Key Employee's obligations under this Agreement capable
of execution after the termination of the Key Employee's employment, including
but not limited to those contained in exhibits attached hereto, shall survive
the termination of employment and the termination of this Agreement.

14.15 Language. This Agreement is written in English and Chinese languages. Both
versions shall be equally valid and binding.

14.16 Counterparts. This Agreement may be executed in any number of
counterparts, each of which shall be deemed an original of this Agreement, but
all of which together shall constitute one and the same instrument.

KEY EMPLOYEE ACKNOWLEDGEMENT. The Key Employee acknowledges (i) that he has
consulted with or has had the opportunity to consult with independent counsel of
his/her own choice concerning this Agreement and has been advised to do so by
the Company, and (ii) that he has read and understands the Agreement, is fully

<PAGE>

aware of its legal effect, and has entered into it freely based on his/her own
judgment. The Key Employee hereby agrees that his/her obligations set forth in
Sections 7, 8, and 9 hereof and the definitions of Proprietary Information and
Inventions contained therein shall be equally applicable to Proprietary
Information and Inventions relating to any work performed by the Key Employee
for the Company prior to the execution of this Agreement.

The Parties have duly executed this Agreement as of the date first written
above.

COMPANY:

ASIA AUTOMOTIVE ACQUISITION CORPORATION

By: /s/ William R. Herren
    William R. Herren
    Chairman of the Board

By: /s/ Rudy Wilson
    Rudy Wilson
    Chief Executive Officer

EXHIBIT A

NAMES AND SIGNATURES OF KEY EMPLOYEES

EXHIBIT B

SHARES OF THE COMMON STOCK OF THE COMPANY TO BE RECEIVED BY EACH OF THE KEY
EMPLOYEES
<PAGE>

EXHIBIT C

TERMINATION CERTIFICATE This is to certify that I have returned all personal
property of AAAC (the "Company") and the Relevant Parties, including, without
limitation, all source code listings, flowcharts, books, manuals, records,
models, drawings, reports, notes, contracts, lists, blueprints, and other
documents and materials, electronic data recorded or retrieved by any means,
Proprietary Information, and equipment furnished to or prepared by me in the
course of or incident to my employment with the Company, and that I did not make
or distribute any copies of the foregoing.

I further certify that I have reviewed the Key Employee Employment Agreement
(the "Agreement") signed by me and that I have complied with and will continue
to comply with all of its terms, including, without limitation, (i) the
reporting of any Inventions or any improvement, rights, or claims related to the
foregoing, conceived or developed by me and covered by the Agreement; (ii) the
preservation as confidential of all Proprietary Information pertaining to the
Company and the Relevant Parties; (iii) not participating in any business
competitive with the business of the Company; (iv) not acting as the legal
representative or an executive officer of any other company within and outside
the People's Republic of China, and (v) the reporting of any remuneration paid
to me due to any employment or self- employment during the severance period, if
any. This certificate in no way limits my responsibilities or the Company's
rights under the Agreement.

<PAGE>

On termination of my employment with the Company, I will be employed by [name of
new employer] in the [division name] division and I will be working in
connection with the following projects:

[generally describe the projects]

Date:

Key Employee's Name (Print)

Key Employee's Signature

<PAGE>

                               AMENDMENT NUMBER 1

Whereas, ASIA AUTOMOTIVE ACQUISITION CORPORATION, HUNAN TX ENTERPRISE CO., LTD.,
and all the Shareholders of HUNAN TX ENTERPRISE CO., LTD. have entered into an
Key Employees Employment Agreement as of July 24, 2007. After friendly
negotiation, all Parities hereby agree to amend the Key Employees Employment
Agreement on January 29, 2008, as follows:

In respect of Sections 1, 2, 3 and 4 inclusive the following changes are made:

1. Consideration. The Company will issue to the Key Employees in Hunan Tongxin,
4,500,000 shares of the new company. These shares will be issued unconditional
after the close of the transaction between AAAC and Hunan Tongxin. In addition,
if the company calls the 5,000,000 outstanding warrants for redemption from the
current  holders of AAAC warrants (AAACW), the Company shall issue 2,000,000
shares of the Company's common stock to the Key Employees, listed on attachment
A with no consideration paid by Key Employees.

2. Term of Employment. The Company shall employ the Key Employees to render
services to the Company in the position and with the duties and responsibilities
described in Section 2 from the date of this Agreement until  the business
transaction between Hunan Tongxin and AAAC has been consummated (the "Period of
Employment"), unless the Period of Employment is terminated sooner in accordance
with Section 4 or 5 below or extended upon mutual agreement of the Parties.

3. Position, Duties, Responsibilities.

3.1 Position. The Key Employees shall render services to the Company in the
position as designated by the Chief Executive Officer of the Company and shall
perform all services appropriate to that position as well as such other services
as may reasonably be assigned by the Company, including giving due consideration
to serving in HUNAN TX ENTERPRISE CO., LTD., after the consummation of the
business combination between Hunan Tongxin and AAAC. Hunan TX Enterprise Co.
will become a wholly owned subsidiary of the new Company established in the
People's Republic of China (the "PRC") ("TX China"). Each Key Employee's
principal place of employment shall be at any location in the PRC decided by the
board of directors of the Company. Each of the Key Employees shall devote
his/her best efforts and full-time attention to the performance of his/her
duties. The Key Employees shall report to the Chief Executive Officer of the
Company.
<PAGE>
3.2 Other Activities. Except upon the prior written consent of the board of
directors of the Company, the Key Employees shall not (i) accept any other
employment (except for academic employment, position in industrial or
professional associations, non-executive director of other companies which do
not compete with the Company's business provided that such other companies or
indirectly, in any other business activity (whether or not pursued for pecuniary
advantage) that is or may be in conflict with, or that might place the Key
Employees in a conflicting position to that of the Company or (iii) act as the
legal representative or an executive officer of another company within or
outside the PRC.

3.3 Execution of TX China Employment Agreement. The Key Employees shall upon
request of the Company execute an employment agreement (the "TX China Employment
Agreement") with TX China in accordance with PRC laws and regulations, in the
form substantially identical to this Agreement except for adjustments or
alterations required to comply with the relevant laws and regulations of the
PRC.

4. Compensation. The employees listed on attachment A will continue to receive
their current salary and benefits that they currently receive. The salary and
welfare provided respectively in the TX China Employment Agreement and this
Agreement shall not be cumulative.

Except as specifically amended hereby, the provisions of the Key Employees
Employment Agreement shall continue in full force and effect and be binding on
each Party in accordance with its terms.

                                        ASIA AUTOMOTIVE ACQUISITION CORPORATION

Authorized Representative:              Authorized Representative
Title:                                  Title:
      ----------------------------            ----------------------------
Name:                                   Name:
     -----------------------------           -----------------------------

/s/ William R. Herren                   /s/ Rudy Wilson
----------------------------------      ----------------------------------

                                        HUNAN TX ENTERPRISE CO., LTD.
                                        (SEAL)

                                        Legal Representative:
                                        Name: Duanxiang Zhang

                                        /s/ Duanxiang Zhang
                                        ----------------------------------

                                        SHAREHOLDERS OF
                                        HUNAN TX ENTERPRISE CO., LTD.

                                        Authorized Representative:

                                        /s/ Weiwu Peng
                                        ---------------------------------

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