Document:

Unassociated Document

     

    EMPLOYMENT
AGREEMENT

    

    This
Employment Agreement is by and between Squires Turbo Systems, Inc., a Utah
corporation with a place of business at 165 N. 1330 W., Suite A4, Orem, Utah
(the "Company") and the following Employee:

    

    
      
        
          	
                   Name:

                	 
      	
                  Rick
      Squires

                
	
                  Address:

                	 
      	
                  1202
      West 1320 North Pleasant Grove, UT 84062

                
	
                   Phone:

                	 
      	
                  801-785-6554

                

        

      

    

    

    WHEREAS,
the Company is engaged in the business of manufacturing and selling remote
mounted turbo systems, and Employee has experience in engineering,
manufacturing, operations, marketing and management; and

    

    WHEREAS,
the Company desires to employ and retain the unique experience, ability, and
services of Employee as its Chief Executive Officer and as its
President.

    

    WHEREAS,
Employee desires to serve the Company in that capacity on the terms and
conditions set out in this Agreement.

    

    THEREFORE,
in consideration of the foregoing and the mutual promises set out in this
Agreement, the Company and Employee agree as follows:

    

    1.    Employment.  The
Company hereby employs Employee as its CEO and President from August 21, 2009
(the date on which these responsibilities were officially taken over) until the
occurrence of any of the events specified in the Paragraph below entitled
“Termination of Employment.”

    

    2.    Duties.  Employee
shall perform such duties as assigned to him by the board of directors of the
Company, which duties shall be typical of the duties that normally fall within
the responsibilities of the position for which Employee is being
employed.

    

    3.    Exclusive
Service.  Employee shall devote his full business time to the
business and affairs of the Company and shall not render compensated services to
any other person or entity.  Employee shall devote all of his time,
energy, and skill to the affairs of the Company during regular business hours
and such additional hours as may be required to fulfill the responsibilities of
the position for which he is being employed and to develop the Company's
business.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.    Loyalty and
Integrity.  Employee shall use his best efforts to promote the
interests of the Company and shall discharge his responsibilities in a diligent
and faithful manner, consistent with sound business practices.  In
carrying out his duties to or on behalf of the Company, Employee shall act with
the utmost integrity and shall conform to the highest standards of the Company's
industry.  Employee shall comply with all policies and procedures
established by the Company from time to time and shall not act in any manner
that is likely to harm or tarnish the Company's goodwill.  While
employed by the Company, Employee shall not render any services of any nature to
any other person or entity which is in any manner competitive with the business
of the Company.

    

    5.    Compensation.  The
Company shall compensate Employee for all services rendered by him during the
term of this Agreement at a minimum annual salary (payable at least twice
monthly) of $144,000, subject to such increases as may be established from time
to time by the board of directors of the Company in its sole
discretion.

    

    Whereas
Company has been operating at a loss since inception, Employee shall receive a
Performance Bonus of ten percent (10%) of net profits in each calendar
quarter.  Such percentage compensation shall be paid within sixty (60)
days after the end of the relevant calendar quarter.

    

    6.    Benefits.  The
Company shall provide to Employee such health insurance and other employee
benefits as it provides to its employees generally, which may be changed from
time to time by the Company's board of directors in its sole
discretion.  In accordance with the benefits provided to employees
generally (and not in addition thereto).  Whereas the Company is in
the process of going 'Public', upon accomplishment of an IPO, the Company shall
provide Employee with a ‘Key Man’ insurance policy with a minimum of $1.5M
coverage.  Company shall provide Employee with a life insurance policy
with a minimum of $1M coverage and assign beneficiary to be Employee’s wife,
Donna Squires and/or successors.

    

    7.    Expenses.  The
Company shall reimburse Employee for all reasonable expenses incurred on behalf
of the Company in connection with ordinary and necessary activities performed in
the course of employment, provided that Employee adequately documents the
expenses and complies with any and all the Company policies and procedures
relating to such expenses.

    

    8.    Termination of
Employment.  Employee's employment under this Agreement shall
terminate upon the occurrence of any of the following events:

    

    (a)         Employee
dies;

    

    (b)         Employee
becomes unable, by reason of illness or injury, to perform substantially all of
his normal duties hereunder during any substantially continuous period of 90
days; or

    
 

    (c)         a
notice of termination given by the Company in accordance with this Agreement
becomes effective.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    9.    Termination for Good
Cause.  The Company may terminate Employee's employment
hereunder for any good cause, including by way of example but not limited to,
the following:

    

    (a)         misconduct
by Employee in the performance of his duties hereunder;

    

    (b)         any
unlawful act by Employee that is likely to impair the ability of Employee to
perform his duties hereunder;

    

    (c)         any
act of disloyalty, dishonesty, or breach of trust by Employee against the
Company;

    

    (d)         alcoholism,
drug addiction, or consumption of alcohol or drugs during working
hours;

    

    (e)         any
act or threatened act by Employee that the Company determines is likely to
adversely affect the Company's reputation or goodwill;

    

    (f)          Employee's
failure to perform his duties in accordance with instructions of the board of
directors or any employee of the Company having supervisory authority over
Employee; or

    

    (g)          Employee's
failure to comply with any of the terms or conditions of this
Agreement.

    

    The
Company may terminate Employee's employment pursuant to this Paragraph by giving
written notice to Employee setting forth the reason for such termination, which
shall become effective on the date specified in the notice.  Upon
termination, any outstanding reimbursements or loans that are due to the
Employee by the Company will become immediately due upon termination and secured
by 100% of the assets of the Company until paid in full.

    

    1.    Termination by the Company
Upon Sale of Business.  The Company may terminate Employee's
employment hereunder if substantially all of its assets or stock (or comparable
ownership interests) are sold or otherwise transferred to any person or
entity.  Any outstanding reimbursements or loans that are due to the
Employee by the Company will become immediately due upon termination and secured
by 100% of the assets of the Company until paid in full.

    

    2.    Termination by the Company
Without Cause.  Nothing in this Agreement shall be construed to
prevent the Company from terminating Employee's employment at any time without
cause, provided that the Company pays to Employee all compensation that has
accrued through the date of termination and all other compensation and/or
severance benefits to which Employee may be entitled under this
Agreement.  If the Company terminates Employee's employment without
cause, Employee shall be entitled to his salary and percentage compensation for
a period of twelve (12) months, which shall be payable in the same amounts and
at the same times as if Employee remained employed by the Company, and such
payments shall be in lieu of all other damages or compensation arising out of or
relating to the termination of Employee's employment
hereunder.  Percentage compensation shall be prorated over the portion
of any calendar quarter for which severance is payable.  Any
outstanding reimbursements or loans that are due to the Employee by the Company
will become immediately due upon termination and secured by 100% of the assets
of the Company until paid in full.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    3.    “At Will”
Employment.  Subject to the provisions of this Agreement,
Employee shall be deemed to be employed on an "at-will" basis, and Employee or
the Company shall have the right to terminate Employee's employment at any time
without cause.

    

    4.    Survival of
Obligations.  The parties acknowledge that certain obligations
under this Agreement will continue after Employee ceases to be employed by the
Company, including all obligations relating to the use and protection of the
Company’s confidential information and all other obligations that, by their
nature or context, are intended to remain in force following termination of
Employee’s employment.  Such obligations may be terminated only by a
writing signed by both parties.  They will not terminate automatically
upon the expiration of any period of employment specified herein or upon the
termination of Employee's employment with the Company.

    

    5.    Confidential
Information.

    

    (a)          As
used in this Agreement, the term “Confidential Information” means and includes
any and all trade secrets and other confidential information and know-how
related directly or indirectly to the Company, its business, or its products or
services that is not known to the general public, including but not limited to
internal procedures, systems, forms, manuals, market surveys, plans, and
marketing information; pricing data, financial data, and price lists; names and
addresses of past and present customers, sources of supply, and customer service
information; processes, formulas, designs, inventions, machines, materials,
operating instructions, and manufacturing techniques; computer programs, testing
data, and research information.  Confidential Information also
includes information in the Company’s possession or control that is related to a
third party or the business of a third party if (i) such information is marked
“CONFIDENTIAL”, “PROPRIETARY”, or with words of similar import; or (ii) Employee
knows or reasonably should know that the information was received by the Company
under an obligation of confidentiality to the third party or an obligation to
the third party restricting use of the information.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)         During
the period of Employee’s employment, all work and other efforts performed by
Employee that relate directly or indirectly to the Company's business or its
products or services shall be deemed to be performed for the Company and on the
Company's behalf, whether performed during or after normal working hours and
whether performed at work, at home, or at any other location.  Any and
all information relating to the Company, its business, or its products or
services that is created or developed by Employee during his employment,
including but not limited to ideas, concepts, designs, inventions, improvements,
discoveries, formulas, computer programs, processes, and customer information,
shall be deemed Confidential Information and shall be the Company's exclusive
property.  All materials containing or representing such information,
whether created during or after Employee’s employment, shall also be the
Company's exclusive property.

    

    (c)         Confidential
Information may be contained in or represented by models, drawings, blueprints,
sketches, memorandum, notebooks, journals, computer programs, documents, notes,
or any other medium.  All references in this Agreement to materials
containing or representing Confidential Information shall be interpreted to
include any and all of the foregoing.

    

    (d)         Employee
shall not disclose, copy, or permit any person to copy any of the Confidential
Information, except for such limited disclosure to third parties as may be
necessary and appropriate to carry out Employee’s duties on behalf of the
Company.  Employee shall not use any of the Confidential Information
except as necessary to carry out his duties on behalf of the
Company.  Following termination of Employee’s employment for any
reason, Employee shall not use any of the Confidential Information for himself
or for the benefit of any third party for any purpose whatsoever.

    

    (e)         Employee
shall read and comply with all present and future policies (which Company may
furnish to Employee from time to time) governing the use, protection, and
non-disclosure of Confidential Information.

    

    (f)          With
respect to Confidential Information belonging to a third party, Employee shall
comply with the terms of any and all agreements between the Company and the
third party.

    

    (g)         This
Agreement shall not be construed to prohibit the use or disclosure of
information that (i) is already known to Employee, and not subject to any
obligation of confidentiality, prior to the commencement of Employee’s
employment, as proven by prior documents or records of Employee; (ii) becomes a
part of the public knowledge other than by a breach of this Agreement or other
wrongful act of Employee; (iii) is rightfully received without restriction
from a third party who is not obligated to keep the information confidential; or
(iv) with respect to Confidential Information owned by a third party, is
contemplated and permitted under an agreement regarding such Confidential
Information between Company and the third party.

    

    (h)         Upon
the Company’s request, and in any event upon termination of Employee’s
employment for any reason, Employee shall return to the Company (or, with the
Company’s consent, destroy) all materials in his possession or control that
contain or represent Confidential Information.  Upon the Company’s
request, Employee shall certify in writing that he has complied fully with his
obligations under this paragraph.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    6.    Inventions.

    

    (a)         Employee
may create or conceive ideas, concepts, designs, inventions, improvements,
discoveries, formulas, computer programs, processes, and/or writings related
directly or indirectly to the Company's products or services.  For
ease of reference, such ideas, concepts, designs, inventions, improvements,
discoveries, formulas, computer programs, processes, and writings, whether or
not patentable or copyrightable, are referred to collectively in this Agreement
as "Inventions."

    

    (b)         Employee
shall promptly disclose to the Company in writing any and all Inventions created
or conceived by Employee (either solely or in collaboration with others) during
Employee’s employment and, if based to any extent on Confidential Information,
within one year after termination of Employee’s employment.

    

    (c)         Employee
hereby assigns and agrees to assign to the Company all of his rights in and to
all Inventions that are made or conceived by Employee (either solely or in
collaboration with others) during his employment and, if based to any extent on
Confidential Information, thereafter.  Employee agrees not to
register, or seek to register, any patent covering any Invention, and he agrees
to execute such assignments and other documents and to take such other actions
(at the Company's expense), as the Company deems necessary or advisable to
convey full ownership of the Inventions to the Company and to protect the
Company's interests in the Inventions.  The Company shall have the
final decision as to whether or not any legal protection will be sought for
Inventions.

    

    (d)         Employee
shall make and maintain adequate and current written records of all Inventions
that are required to be disclosed to the Company under this
Agreement.  The records shall show (i) the full nature of the
Invention, and (ii) the critical dates pertaining to conception,
development, and reduction to practice.  The records, and all other
materials created by Employee that contain or represent Confidential Information
shall be readily available to the Company at all times.

    

    7.    Current Ownership of
Patents, Etc.  Employee acknowledges that he is being given an
opportunity, through this Agreement, to disclose to the Company any unpatented
or unpublished ideas, inventions, improvements, discoveries, or writings that
were made prior to his employment and to attach a complete description of the
same to this Agreement and thereby exclude them from this
Agreement.  Employee hereby agrees that there are no such ideas,
inventions, improvements, discoveries, or writings to which he claims any right,
title, or interest, except as disclosed in an attachment to this Agreement that
is signed by both Employee and the Company.

    

    8.    No Conflicts with Prior
Obligations.  Employee represents and warrants
that:

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (a)         his
employment by the Company and his or her performance of this Agreement will not
conflict with any obligations that Employee may have with third
parties;

    

    (b)         he
will not disclose to the Company or use in the Company’s behalf any confidential
or proprietary information belonging to a third party, unless the third party
has consented to the disclosure or use of the information; and

    

    (c)         except
as specifically disclosed in an attachment to this Agreement that is signed by
both Employee and the Company, if any information in Employee’s possession is
owned by any third party and relates in any way to the Company's products or to
any similar or related products, the third party has consented to the disclosure
of the information.

    

    9.    Post-Employment
Cooperation.  During the term of Employee's employment and for
a period of five (5) years thereafter, Employee shall, upon the Company's
request and at the Company's expense, cooperate and assist the Company in any
dispute, controversy, or litigation in which the Company may be involved,
including but not limited to participation in court or arbitration proceedings,
giving of testimony and signing of affidavits or other documents.  If
post-employment cooperation requires the giving of oral testimony or other
substantial time commitments, the Company shall pay a reasonable per diem rate
to Employee for such cooperation.

    

    10.          Non-solicitation;
Non-competition.

    

    (a)         Employee
shall not, for a period of two (4) years following termination of his employment
for any reason, do any of the following:

    

    
      	
               
      

            	
              (i)

            	
              interfere
      with or solicit for himself or herself, or for any other person or entity,
      any of Company's customers or prospective customers, including any person
      or entity to whom Company has provided goods or services, or who has
      expressed interest in Company's goods or services, during the twelve (12)
      months immediately preceding the termination of this Agreement;
      or

            

    

    

    
      	
               
      

            	
              (ii)

            	
              solicit
      for employment, attempt to employ, or assist any other person or entity in
      employing or soliciting for employment, any employee or representative of
      the Company, or otherwise suggest or in any way encourage any employee,
      representative, or independent contractor of the Company to terminate his
      or her employment or association with the Company;
  or

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              (iii)

            	
              anywhere
      in North America, engage in any activity that is competitive with the
      Company’s business, including but not limited to the design, development,
      marketing, production, or sale of any product or service similar to or
      substitutable for any of the Company's existing or contemplated products
      or services as of the date of termination of Employee’s employment;
      or

            

    

    

    
      	
               
      

            	
              (iv)

            	
              own,
      manage, operate, control, assist, participate in, be compensated by, or
      have any financial interest in, any business or enterprise that is engaged
      in North America in any activity that is competitive with the Company’s
      business.

            

    

    

    (b)          This
Agreement shall not be construed to prohibit:

    

    
      	
               
      

            	
              (i)

            	
              Employee’s
      employment by a competing company to perform duties that are entirely
      unrelated to products or services that are competitive with the Company's
      products or services (for example, employment in a division of the company
      that does not compete with the
Company).

            

    

    

    (c)          Employee
acknowledges that the restrictions set out in this Agreement are reasonable and
fair and that such restrictions are necessary to protect the Company and its
goodwill in view of the prior, present, and future confidential relationships
that Employee has had and will have with the Company.  The limited
non-competition commitment set out in this Agreement is reasonable in time and
scope (including but not limited to geographic scope) and will not create
economic or professional hardship for Employee.  If any provision of
this Agreement is held to be unenforceable because of its scope or duration, the
provision shall be deemed modified so as to be enforceable to the fullest extent
permissible.

    

    11.        Notices.  Without
precluding any other sufficient form of notice, all notices, demands, or other
communications under this Agreement shall be deemed sufficient if served
personally or sent by fax, overnight courier, or first class mail to the
respective addresses of the parties as set out in this Agreement and directed to
the attention of the individuals signing this Agreement on behalf of the parties
or to another address or individual specified by the party.  All
notices, demands, and other communications shall be deemed given on the earlier
to occur of (i) actual receipt, or (ii) in the case of notice by fax or
overnight courier, the day after notice is sent, or (iii) in the case of notice
by U.S. mail, three (3) days after the notice is deposited in the U.S.
mail.

    

    12.        Entire Agreement;
Modification.  This Agreement along with any amendments to the
contract constitutes the entire agreement between the parties pertaining to its
subject matter, and it supersedes any and all written or oral agreements
previously existing between the parties with respect to such subject
matter.  No modification or amendment of this Agreement shall be
binding unless executed in writing by all of the parties.  No waiver
shall be effective unless it is in writing and signed by the party against whom
enforcement is sought.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    13.        Choice of Law/Attorneys
Fees.  This Agreement shall be governed by and construed in
accordance with Utah law, without regard to its rules regarding conflicts of
law.  Should either party initiate a lawsuit or any action to enforce
the terms of this Agreement, the prevailing party in the lawsuit or action shall
be entitled to a reimbursement of its reasonable attorneys fees and costs from
the non-prevailing party.

    

    14.        Severability.  If
any of the provisions of this Agreement are held by a court or other tribunal
having jurisdiction to be unenforceable, the parties intend that the provision
shall be enforced to the maximum extent permissible and the remaining portions
of this Agreement shall remain in full force and effect.

    

    IN
WITNESS OF THE FOREGOING, the parties have signed this Agreement as of the
1st
day of December, 2009.

    

    SQUIRES
TURBO SYSTEMS, INC.

    

    
      
        	
                By

              	
                /s/ Rick Squires

              	 
      	
                /s/ Rick Squires

              
	
                Rick
      Squires, Chairman of the Board

              	 
      	
                Rick
      Squires, CEO &
PresidentUnassociated Document

    LOCK-UP
AGREEMENT

    

    THIS LOCK-UP AGREEMENT (this
“Agreement”) is made and entered into as of this 8th day of May, 2009
(“Effective Date”) by and among STS Turbo, Inc., a Nevada
corporation (hereinafter referred to as the “Company”), The Investors Registry, LLC, a
Nevada limited liability company (“TIR”), Enoch M. Golding (“Golding”),
Richard K. Squires
(“Squires”), and Eric J.
Ruff (“Ruff”), each an individual, and RuffTech II, LLC (“RTII”)(each
of Golding, Squires, Ruff, and RTII shall be referred to as a “Shareholder” and
collectively referred to as the “Shareholders”).  The Company, TIR,
and the Shareholders shall be referred to as a “Party” and collectively as the
“Parties.”

    

    RECITALS

    

    WHEREAS, the Shareholders, and each of
them, own the number of shares of Company common stock set forth next to his or
her signature on the signature page of this Agreement (the
“Shares”);

    

    WHEREAS, the Company is in the process
of becoming a reporting issuer under the Securities Exchange Act of 1934 (the
“’34 Act”) and applying to be listed on the Over-The-Counter Bulletin Board
(“OTCBB”), and the Company, TIR and the Shareholders believe it is in the best
interests of the Company to impose limitations on the resale and/or transfer of
the Shares held by the Shareholders to assist the Company with being listed on
the OTCBB;

    

    NOW, THEREFORE, in reliance on
the foregoing recitals and in consideration of and for the mutual covenants
contained herein, the Parties hereto agree as follows:

    

    AGREEMENT

    

    1.           Lock-Up
by the Shareholders.  In order to assist the Company in its
application to be listed on the OTCBB, the Shareholders, and each of them,
hereby agree that for one (1) year following the Company first being listed for
trading on the OTCBB (the “Lock-Up Period”) they will not make, offer to make,
agree to make, or suffer any Disposition (as defined below) of his or her
Company stock or any interest therein, regardless of whether that stock is
currently owned by the Shareholders or they acquire ownership of the stock
during the Lock-Up Period, unless agreed to in writing by all
Parties.  The restrictions contained in this Section 1 shall not apply
to (a) a Disposition under a Shareholder’s will or pursuant to the laws of
descent and distribution, or (b) a gift by a Shareholder to an immediate family
member (i.e. a spouse, child, parent, grandparent or sibling) or a family trust
for the benefit of immediate family member(s), so long as, in each case, the
transferee(s) deliver to the other Parties an executed written instrument
agreeing to be bound by the terms of this Agreement as if such transferee(s)
were the Shareholder.  For the purposes of this Agreement,
“Disposition” shall mean any sale, exchange, assignment, gift, pledge, mortgage,
hypothecation, transfer or other disposition or encumbrance of all or any part
of the rights and incidents of ownership of the Company’s stock, including the
right to vote, and the right to possession of the Company stock as collateral
for indebtedness, whether such transfer is outright or conditional, or for or
without consideration.

    
 

    Page 1 of
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    2.           Restriction
On Proxies and Non-Interference.  The Shareholders hereby agree
that, during the Lock-Up Period, such Shareholders will not (i) grant any
proxies or powers of attorney that would permit any such proxy or
attorney-in-fact to take any action inconsistent herewith, (ii) deposit his or
her Company shares into a voting trust or enter into a voting agreement with
respect to such Company shares; or (iii) take any action that would make any
representation or warranty of such Shareholder untrue or incorrect or would
result in a breach by that Shareholder of his/her obligations under this
Agreement.  Each Shareholder further agrees not to enter into any
agreement or understanding with any other person or entity, the effect of which
would be inconsistent with or violative of any provision contained in this
Agreement.

    

    3.           Representations
and Warranties of the Shareholders.  Each Shareholder
(severally, and not jointly and severally) hereby represents and warrants to the
other Parties the following:

    

    a.           Ownership of
Shares.  Each Shareholder is the sole record and beneficial
owner of that number of shares of the Company’s common and preferred stock as
set forth next to such Shareholder’s name on the signature page of this
Agreement.  On the date hereof, such shares constitute all the shares
of Company common and preferred stock owned of record or beneficially owned by
such Shareholder or any of Shareholder’s affiliates or related
parties.  Such Shareholder has sole voting power and sole power to
issue instructions with respect to the matter set forth in this Agreement, sole
power of disposition, and sole power to agree to all of the matters set forth in
this Agreement, in each case with respect to all of such Company stock, with no
limitations, qualifications or restrictions on such rights, subject to
applicable securities laws and the terms of this Agreement.

     

    b.           Authorization.  Each
Shareholder has the requisite legal capacity and competency, and the full legal
right to execute and deliver this Agreement and perform his or her obligations
hereunder.  This Agreement has been duly and validly executed and
delivered by such Shareholder and constitutes a valid and binding agreement
enforceable against such Shareholder in accordance with its terms except (i) as
may be limited by applicable bankruptcy, insolvency or similar laws affecting
creditors’ rights, and (ii) that the remedy of specific performance and
injunctive and other forms of equitable relief may be subject to equitable
defenses and to the discretion of the court before which any proceeding
therefore may be brought.

     

    Page 2 of
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    c.           No Conflicts. Except
for filings, authorizations, consents and approvals as may be required under the
Securities Act and the Exchange Act, (i) no filing with, and no permit,
authorization, consent or approval of, any state or federal governmental
authority, or any other person or entity, is necessary for the execution of this
Agreement by such Shareholder and the consummation by such Shareholder of the
transactions contemplated hereby, and (ii) neither the execution and delivery of
this Agreement by such Shareholder, the consummation by such Shareholder of the
transactions contemplated hereby, or compliance by such Shareholder with any of
the provisions hereof will (A) result in a violation or breach of, or constitute
a default (or give rise to any third party right of termination, cancellation,
material modification or acceleration) under any of the terms, conditions or
provisions of any note, loan agreement, bond, mortgage, indenture, license,
contract, commitment, arrangement, understanding, agreement or other instrument
or obligation of any kind to which such Shareholder is a party or by which such
Shareholder or any of its properties or assets may be bound, or (B) violate any
order, writ, injunction, decree, judgment, statute, role or regulation
applicable to such Shareholder or any of his or her properties or
assets.

    

    d.           No Encumbrances. Each
Shareholder owns his or her Company stock free and clear of all liens, claims,
security interests, proxies, voting trusts or agreements, or any other
encumbrances whatsoever, except for (i) any such matters arising hereunder and
(ii) bona fide pledges of such shares as security for obligations owed to the
Company; provided, however, in the event that the Company acquires any interest
in all or any of such shares, including, without limitation, legal or beneficial
ownership thereof or any voting rights with respect thereto, whether through
foreclosure or otherwise, the Company hereby agrees to be bound by the terms of
this Agreement with respect to such shares as if it were the
Shareholder.

    

    e.           
Shareholder
Capacity.  Each Shareholder who is, or becomes during the
Lock-Up Period, a director of the Company, agrees that the terms of this
Agreement are agreed to in his or her capacity as a stockholder of the Company
and not as a director.

    

    4.           Representations
and Warranties of the Company.  The Company has full legal
right, power and authority to enter into and perform all of its obligations
under this Agreement.  The execution and delivery of this Agreement by
the Company has been authorized by all necessary corporate action on the part of
the Company and will not violate any other agreement to which the Company is a
party.  This Agreement has been duly executed and delivered by the
Company and constitutes a legal, valid and binding agreement of the Company,
enforceable in accordance with its terms, except as the enforcement thereof may
be limited in bankruptcy, insolvency, reorganization, moratorium or similar
laws.

     

    5.           Representations
and Warranties of TIR.  The execution and delivery of this
Agreement by TIR has been authorized by all necessary corporate action on the
part of TIR and will not violate any other agreement to which the Company is a
party.  This Agreement has been duly executed and delivered by the
Company and constitutes a legal, valid and binding agreement of TIR, enforceable
in accordance with its terms, except as the enforcement thereof may be limited
in bankruptcy, insolvency, reorganization, moratorium or similar
laws.

     

    Page 3 of
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    6.           Entire
Agreement.  This Agreement
constitutes the entire understanding and agreement of the parties hereto with
respect to the subject matter hereof and supersedes all prior and
contemporaneous agreements or understandings, inducements or conditions, express
or implied, written or oral, between the Parties.

     

    7.           Certain
Events.  Each Shareholder agrees that this Agreement and the
obligations hereunder shall attach to his or her Company stock and shall be
binding upon any other person or entity to which legal or beneficial ownership
of such Company stock shall pass, whether by operation of law or otherwise,
including, without limitation, such Shareholder’s heirs, guardians,
administrators or successors.  Notwithstanding any such transfer of
Company stock, the transferor shall remain liable for the performance of all
obligations under this Agreement of the transferor.

     

    8.           Acquisition
of Additional Company Stock. Each Shareholder agrees to promptly notify
the Company of the number of shares of Company stock acquired by any
Shareholder, if any, after the date of this Agreement.  The terms of
this Agreement will govern any Company stock acquired by a Shareholder after the
date of this Agreement.

     

    9.           Assignments;
Rights of Assignees; Third Party Beneficiaries. This Agreement shall not be
assignable by any Shareholder without the prior written consent of the other
Parties.  This Agreement shall be binding upon, inure to the benefit
of, and be enforceable by, the parties hereto and their respective heirs,
executors, administrators, legal representatives, successors and permitted
assigns.  Nothing expressed in this Agreement is intended or shall be
construed to give any person or entity other than the Parties or their
respective heirs, executors, administrators, legal representatives, successors
or permitted assigns, any legal or equitable right, remedy or claim under this
Agreement or any provision contained herein.

     

    10.           Specific
Performance.  The Parties acknowledge that money damages are an
inadequate remedy for breach of this Agreement because of the difficulty of
ascertaining the amount of damage that will be suffered by the non-breaching
Party or Parties in the event this Agreement is breached.  Therefore,
each Party agrees that the non-breaching Party or Parties may obtain specific
performance of this Agreement without the necessity of establishing irreparable
harm or posting any bond, and will be in addition to any other remedy to which
such Party may be entitled at law or in equity.

     

    11.           Amendment
and Waivers.  Any term or
provision of this Agreement may be amended, and the observance of any term of
this Agreement may be waived (either generally or in a particular instance and
either retroactively or prospectively) only by a writing signed by the Party to
be bound thereby.  The waiver by a Party of any breach hereof for
default in the performance hereof shall not be deemed to constitute a waiver of
any other default or any succeeding breach or default.

     

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    12.           Attorneys’
Fees.  Should suit be
brought to enforce or interpret any part of this Agreement, the prevailing party
shall be entitled to recover, as an element of the costs of suit and not as
damages, reasonable attorneys’ fees to be fixed by the court (including without
limitation, costs, expenses and fees on any appeal).  The prevailing
party shall be the party entitled to recover its costs of suit, regardless of
whether such suit proceeds to final judgment.  A party not entitled to
recover its costs shall not be entitled to recover attorneys’
fees.  No sum for attorneys’ fees shall be counted in calculating the
amount of a judgment for purposes of determining if a party is entitled to
recover costs or attorneys’ fees.

     

    13.           Section
Headings.  Headings
contained in this Agreement are inserted only as a matter of convenience and in
no way define, limit, or extend the scope or intent of this Agreement or any
provisions hereof.

     

    14.           Governing
Law and Venue.  This Agreement
will be governed by and construed and enforced in accordance with the laws of
the State of Utah, without regard to its choice of law principles, applicable to
a contract executed and to be performed in the State of Utah.  Each
Party hereto (i) agrees to submit to personal jurisdiction and to waive any
objection as to venue in the state or federal courts located in Salt Lake
County, Utah, (ii) agrees that any action or proceeding shall be brought
exclusively in such courts, unless subject matter jurisdiction or personal
jurisdiction cannot be obtained, and (iii) agrees that service of process on any
party in any such action shall be effective if made by registered or certified
mail addressed to such Party at the address specified herein, or to any other
addresses as he, she or it may from time to time specify to the other Parties in
writing for such purpose.  The exclusive choice of forum set forth in
this paragraph shall not be deemed to preclude the enforcement of any judgment
obtained in such forum or the taking of any action under this Agreement to
enforce such judgment in any appropriate jurisdiction.

     

    15.           Independent
Counsel and Rules of Construction. All Parties to this
Agreement acknowledge and agree that they have been advised to, and have had the
opportunity to, seek independent counsel and advice with respect to the terms of
this Agreement.  As such, this Agreement has been negotiated at arms
length between persons sophisticated and knowledgeable in these types of
matters. Additionally, any normal rules of construction that would require a
court to resolve matters of ambiguities against the drafting party are hereby
waived and shall not apply in interpreting this Agreement.

     

    16.           Notices.  All
notices, requests and other communications to any party hereunder shall be in
writing and will be deemed to have been duly given only if delivered personally
or by facsimile or by overnight mail (charges pre-paid or billed to account of
the sender) to the Parties at their addresses and/or facsimile number listed on
the signature page of this Agreement.

     

    17.           Counterparts.  This Agreement
may be executed in any number of counterparts, each of which shall be an
original as against any party whose signature appears thereon and all of which
together shall constitute one and the same instrument.

     

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    IN
WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly
executed as of the date first set forth above.

    

    
      
        
          
            
              
                	
                        “Company”

                      	 	
                        “TIR”

                      
	 
      	 	 
      
	
                        STS
      Turbo, Inc.,

                      	 	
                        The
      Investors Registry, LLC,

                      
	
                        a
      Nevada corporation

                      	 	
                        a
      Nevada limited liability company

                      
	 
      	 	 
      
	
                              
                          /s/
      Enoch M. Golding

                        

                      	 	
                              
                          /s/
      Michael  Southworth

                        

                      
	
                        By:

                      	
                        Enoch
      M. Golding

                      	 	
                        By:

                      	
                        Michael  Southworth

                      
	
                        Its:

                      	
                        President

                      	 	
                        Its:

                      	
                        Manager

                      
	 
      	 	 
      
	
                        “Shareholders”

                      	 	 
      
	 
      	 	 
      
	
                              
                          /s/
      Enoch M. Golding

                        

                      	 	
                              
                          /s/
      Richard K. Squires

                        

                      
	
                        Enoch
      M. Golding

                      	 	
                        Richard
      K. Squires

                      
	
                        1,250,000
      shares

                      	 	
                        16,250,000
      shares

                      
	 
      	 	 
      
	 
      	 	
                              
                          /s/
      Eric J. Ruff

                        

                      
	
                        RuffTech
      II, LLC

                      	 	
                        Eric
      J. Ruff

                      
	 	 	3,900,000
      shares 
	 
      	 	 
      
	
                              
                          /s/
      Eric J. Ruff

                        

                      	 	 
      
	
                        By:

                      	
                              
                          Eric
      J. Ruff

                        

                      	 	 
      
	
                        Its:

                      	
                        an individual

                      	 	 
      
	
                        2,500,000
      shares

                      	 	 
      

              

            

          

        

      

    

    

    Page 6 of
6

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