Document:

Exhibit
      10.1

    

    EXECUTIVE
      EMPLOYMENT AGREEMENT

    

    This
      Executive Employment Agreement (this “Agreement”), dated as of September 17,
      2007, is by and between Target Logistic Services, Inc., a Delaware corporation
      (the “Company”), and Christopher A. Coppersmith (“Executive”).

    

    In
      consideration of Executive’s agreement to supply services under this Agreement
      and the mutual agreements set forth below, the sufficiency of which is hereby
      acknowledged, the Company and Executive agree as follows:

    

    1.Employment.
      The
      Company shall employ Executive, and Executive shall serve in the employ of
      the
      Company, upon the terms and subject to the conditions set forth in this
      Agreement.

     

    2.Term.
      This
      Agreement shall be effective and Executive’s employment with the Company
      hereunder shall commence upon the closing, if any, of the transactions
      contemplated by the August 9, 2007 Letter of Understanding between Mainfreight
      Limited (“Parent”) and Target Logistics, Inc. (the “Effective Date,” and such
      transactions, the “Merger Transactions”) and, except as otherwise provided in
      Section 0
      of this
      Agreement, continue until the date that is three
      years from the Effective Date (such term the “Employment Period”). The
      Employment Period shall be renewed for additional two-year periods (subject
      to
      earlier termination pursuant to Section 0
      of this
      Agreement) unless either party, not less than 60 days prior to the expiration
      of
      the then-current Employment Period, gives the other party notice that it does
      not wish the Employment Period to be so renewed. For the avoidance of doubt,
      this Agreement shall not be effective unless the Merger Transactions have been
      consummated. 

     

    3.Position
      and Duties.

     

    (a)During
      the Employment Period, Executive’s position shall be President and Chief
      Executive Officer of the Company. Executive shall have responsibility for the
      general management, direction and control of the business and affairs of the
      Company, under the ultimate direction and supervision of and consistent with
      annual budgets and strategic plans submitted by him to, and approved by, the
      Board of Directors of the Company (the “Board”). Executive shall have all of the
      rights, duties and powers that are commonly incident to the office of President
      and Chief Executive Officer of a subsidiary of a publicly-traded corporation
      and
      shall report to the Managing Director of Parent. 

     

    (b)Executive
      agrees to devote all of Executive’s working time, attention and efforts to the
      Company and to perform the duties of Executive’s position in accordance with the
      Company’s policies as in effect from time to time. Executive’s principal place
      of employment shall be the Company’s offices located in Carson, California;
      provided, however, Executive may be required to travel for business
      purposes.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    4.Compensation
      and Related Matters.

     

    (a)Salary.
      During
      the Employment Period, the Company shall pay to Executive a minimum annual
      base
      salary of $243,512 (such salary, as it may be increased from time to time,
      the
“Annual Base Salary”), payable in accordance with the Company’s regular payroll
      practices as in effect from time to time. During the Employment Period, the
      Annual Base Salary shall be reviewed by Parent not less frequently than annually
      in accordance with the policies of Parent as then in effect, the first such
      review to take place during the month of September 2008. 

     

    (b)EBT
      Bonus.
      

     

    (i) For
      the
      first three fiscal years of TLSI ending during the Employment Period, the
      Company shall pay to Executive an amount (the “EBT Bonus”) equal to the sum of:
      (A) 3 percent of the first $1,000,000 of the EBT (as defined herein);
      (B) 4 percent of the EBT of TLSI from $1,000,0001 to $2,000,000; and
      (C) 5% of the EBT of TLSI above $2,000,000, which sum shall be reduced by
      the percentage shortfall, if any, from TLSI’s goal EBT for such fiscal year, or
      portion thereof for the first fiscal year during the Employment
      Period.
      The EBT
      Bonus will be paid within 60 days after the end of the applicable fiscal
      year.

     

    (ii) For
      purposes of this Section 0,
      EBT for
      the first fiscal year ending during the Employment Period shall be limited
      to
      EBT attributable to the period beginning on July 1, 2007 and ending on the
      last
      day of the first fiscal year ending during the Employment Period.

     

    (iii) After
      the
      period described in Section 0,
      Executive’s entitlement to any bonus or incentive compensation shall be
      determined in accordance with the policies of Parent as then in
      effect.

     

    (iv) “EBT”
      shall be the Audited Net Profit Before Income Tax of TLSI, and shall exclude
      any
      transaction costs incurred in connection with the Merger Transactions that
      are
      otherwise allocated to TLSI.

     

    (c)Option
      Award.
      If EBT
      for the third fiscal year ending during the Employment Period equals or exceeds
      200% of the EBT for the last fiscal year ending prior to the commencement of
      the
      Employment Period, then Parent shall award Executive an option to purchase
      100,000 of the ordinary shares of stock of Parent, such option to vest on the
      third anniversary of the grant date in accordance with the terms of Parent’s
      stock option plan then in effect. 

     

    (d)Employee
      Benefits.
      Executive shall, to the extent eligible, be entitled to participate at a level
      commensurate with his position in all employee benefit welfare and retirement
      plans, as well as equity plans, generally provided by the Company to its senior
      executives in accordance with the terms thereof as in effect from time to time.
      

     

    (e)Expenses
      and Auto Allowance.
      The
      Company shall reimburse Executive for all reasonable, necessary and historically
      reimbursed expenses incurred by Executive during the Employment Period in
      performing services in accordance with policies and procedures established
      by
      the Company. During the Employment Period, the Company shall reimburse Executive
      up to a maximum of $18,000 per year for the cost of an automobile. To the extent
      that any reimbursement would be includable in Executive’s gross income for
      federal income tax purposes, Executive shall submit the necessary documentation
      and shall receive the reimbursement as historically paid.

     

    
      
         

      

      
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    (f)Vacations.
      In
      addition to holidays observed by the Company during which the Company’s U.S.
      offices are closed, Executive shall be entitled to four weeks of paid vacation
      per fiscal year during the Employment Period (or portion thereof for the first
      fiscal year ended during the Employment Period).

     

    5.Termination.

     

    (a) Non-Renewal.
      If
      either party, not less than 60 days prior to the expiration of the then-current
      Employment Period, gives the other party notice that it does not wish the
      Employment Period to be renewed, the Employment Period shall terminate upon
      expiration of the then-current Employment Period,
      provided that the Company may instead elect to terminate Executive’s employment
      prior to the end of such 60-day period and continue to pay Executive his Annual
      Base Salary in accordance with the Company’s normal payroll practices through
      the expiration of the 60-day period.

     

    (b) Death.
      If
      Executive dies during the Employment Period, the Employment Period shall
      terminate as of the date of Executive’s death.

     

    (c) Disability.
      If
      Executive becomes Disabled during the Employment Period, the Employment Period
      shall terminate as of the date Executive becomes Disabled. For purposes of
      this
      Agreement, Executive shall be Disabled if he (i) is unable to engage in any
      substantial gainful activity by reason of any medically determinable physical
      or
      mental impairment that can be expected to result in death or can be expected
      to
      last for a continuous period of not less than 12 months or (ii), by reason
      of any medically determinable physical or mental impairment that can be expected
      to result in death or can be expected to last for a continuous period of not
      less than 12 months, receiving income replacement benefits for a period of
      not
      less than six months under an accident and health plan covering the Company’s
      employees. 

     

    (d) Cause.
      The
      Company shall be permitted to terminate the Employment Period and all of the
      obligations of the Company under this Agreement for Cause. For purposes of
      this
      Agreement, the Company shall have “Cause” to terminate Executive’s employment
      and the Employment Period upon:

     

    (i) The
      substantial and continued willful or negligent failure by Executive to perform
      his duties hereunder, or a material breach or imminent breach of this Agreement
      by Executive, which failure or breach, if curable, is not cured by Executive
      within such time as reasonable, not to exceed 30 days after written notice
      of
      such failure or breach is delivered to Executive by the Company, unless a longer
      period of time can reasonably be shown by Executive to be
      necessary;

     

    (ii) Executive’s
      conviction of, plea of guilty or nolo
      contendere to,
      or
      admission as to the commission of, a felony or other criminal act involving
      moral turpitude; or

     

    
      
         

      

      
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    (iii) Executive’s
      knowingly dishonest act or knowing bad faith or willful misconduct in the
      performance of his services for the Company.

     

    (e) Voluntary
      Termination. The
      Executive shall be permitted to terminate the Employment Period for any reason
      at any time. If the Executive terminates the Employment Period under this
      Section 5(e), the Executive shall provide the Company with written notice
      thereof 60 days before the date such termination shall be effective, provided
      that, upon receipt of such written notice from the Executive, the Company may
      instead elect to terminate Executive’s employment prior to the end of such
      60-day period and continue to pay Executive his Annual Base Salary in accordance
      with the Company’s normal payroll practices through the expiration of such
      60-day period.

     

    (f) Good
      Reason.
      Executive shall be permitted to terminate the Employment Period for Good Reason,
      provided that Executive must first provide written notice to the Company of
      the
      existence of a condition constituting Good Reason within 90 days of the initial
      existence of the condition, and the Company shall have 30 days following receipt
      of such notice during which it may remedy the condition. “Good Reason” shall
      mean (i) a material diminution in Executive’s salary provided under Section
0,
      (ii) a material diminution in Executive’s authority, duties, or
      responsibilities; (iii) the Company requiring Executive to be based at any
      office or location more than 50 miles from the office or location to which
      Executive is currently assigned, provided, however, that Good Reason shall
      not
      be deemed to exist due to the travel requirements consistent with the
      performance of Executive’s services under this Agreement.

     

    6.Compensation
      Upon Termination.
      Except
      as provided in Section 0
      and
      subject to the requirements of Section 0:

     

    (a)Basic
      Termination Payment.
      If the
      Employment Period is terminated for any reason, all future compensation and
      benefits to which Executive is otherwise entitled under this Agreement shall
      cease and terminate as of the date of such termination. Executive, or his
      estate, as applicable, shall be entitled to receive the portion of Executive’s
      Annual Base Salary that accrued through the date of such termination and any
      bonuses or other amounts accrued or payable to Executive but unpaid as of the
      date of such termination; however, to the extent that Executive had made a
      valid
      election to defer these amounts, or the amounts were subject to an automatic
      deferral provision, under any nonqualified deferred compensation plan of the
      Company, such amounts shall be payable in accordance with the terms of the
      nonqualified deferred compensation plan. 

     

    (b)EBT
      Bonus.
      If
      Executive’s Employment Period is terminated other than for Cause during the
      Company’s fiscal year, the EBT Bonus payable to Executive for such year, if any,
      will be calculated pursuant to Section 0,
      treating the date Executive’s Employment Period terminated as the last day of
      the fiscal year, unless such termination occurs within the last quarter of
      the
      fiscal year, in which instance the EBT Bonus calculation shall be payable and
      calculated through the end of such fiscal year. If Executive’s Employment Period
      is terminated for Cause during the Company’s fiscal year, Executive’s EBT Bonus
      for such year shall be forfeited.

     

    (c)Death
      and Disability Payment.
      Upon
      termination of the Employment Period at any time by reason of Executive’s death
      pursuant to Section 0
      or
      Disability pursuant to Section 0,
      the
      Company shall pay to Executive or his estate, as applicable, within 60 days
      of
      his death or Disability an amount equal to his Annual Base Salary then in
      effect, in addition to the Basic Termination Payment described in Section
0. 

     

    
      
         

      

      
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    (d)Payments
      Upon Termination. 

     

    (i) Upon
      the
      termination of the Employment Period as a result of non-renewal pursuant to
      Section 0
      or by
      Executive for Good Reason pursuant to Section 0,
      which
      termination constitutes a “separation from service” within the meaning of
      Treasury Regulation § 1.409A-1(h),
      the
      Company shall pay to Executive, in addition to the payment described in Section
      0,
      an
      amount equal to his Annual Base Salary then in effect (such amount, exclusive
      of
      the payment described in Section 0,
      the
“Severance Amount”). 

     

    (ii) The
      Severance Amount will be paid in 12 equal monthly installments beginning in
      the
      month following the date that is the earlier of (A) 60 days after the
      termination of Executive’s Employment Period and (B) the date that the release
      provided for in Section 7 of this Agreement becomes binding and irrevocable,
      except that if the Severance Amount is “nonqualified deferred compensation”
within the meaning of Section 409A of the Internal Revenue Code and Executive
      is
      a “specified employee” within the meaning of Treasury Regulation §1.409A-1(i),
      payment shall be delayed until the first business that occurs more than six
      (6)
      months after the date the Employment Period is terminated and all installments
      which would otherwise have been paid before such date shall be paid on such
      date
      (without interest). 

     

    (iii) Executive
      may elect continuation coverage (as defined in the Consolidated Omnibus Budget
      Reconciliation Act of 1985, as amended (COBRA)) under the Company’s medical and
      dental plans as in effect at the time of the termination of Executive’s
      employment (the “Health Plans”). If such continuation coverage election is made
      by Executive, the Company shall pay the full premiums for Executive and any
      dependents eligible for continuation coverage under COBRA for 12 months
      following the date of any termination of the Employment Period as a result
      of
      non-renewal pursuant to Section 5(a) or by Executive for Good Reason pursuant
      to
      Section 5(f), which termination constitutes a “separation from service” within
      the meaning of Treasury Regulation § 1.409A-1(h). For the period beginning 12
      months after the date Executive terminates employment and continuing until
      the
      date that is 24 months after the date Executive terminates employment, the
      Company shall pay Executive at the end of each month an amount equal to the
      amount of the premiums which the Company would have paid for such month (or
      eligible portion thereof) had Executive and his dependents continued their
      participation in the Health Plans, which amount shall be determined using the
      premium cost in effect on the date Executive’s employment is terminated. On the
      date Executive secures subsequent employment with comparable medical and dental
      coverage (which Executive has no obligation to pursue), all right to benefits
      under this Section 6(d)(ii) not already paid shall be forfeited. In
      consideration of the payment of cost of COBRA coverage, Executive shall execute
      all necessary documentation acknowledging proper COBRA notice and coverage,
      and
      shall promptly notify the Company in the event that he secures subsequent
      employment with a comparable medical and dental coverage benefit.

     

    (iv) Executive
      shall be entitled to no payment under this Section 0
      if he is
      entitled to receive a payment under Section 0. 

     

    
      
         

      

      
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    (v) In
      the
      event that Executive, following termination of his employment with the Company,
      either individually or as an employee, officer, director, stockholder, member,
      partner, agent, consultant or principal of another business firm, engages in
      any
      business operating anywhere in the world (other than as a passive shareholder
      of
      a public company of which he owns less than 1%) that is in direct competition
      with any freight forwarding or logistics services business of Parent or its
      subsidiaries (including the Company) (“Competitive Business”) or becomes
      employed by any entity or person that controls a Competitive Business, any
      amounts payable pursuant to this Section 0
      that
      have not already been paid shall be forfeited.
      Parent
      or the Company shall bear the burden of proving a breach of this Section
      6(d)(v).

     

    7.Release.
      As a
      condition to his receipt of any benefits provided under Sections 0,
      0
      or
0,
      Executive (or his estate, as applicable) shall execute within 45 days of the
      date his Employment Period is terminated and not revoke a release substantially
      in the form attached to this Agreement.

     

    8.Parachute
      Payment Taxes.
      In the
      event it shall be determined that any payment or distribution by the Company
      to
      Executive or for Executive’s benefit (a “Payment”) would be subject to the
      excise tax (the “Excise Tax”) imposed by Section 4999 of the Internal Revenue
      Code of 1986 (the “Code”), then, prior to the making of any Payment to
      Executive, a calculation shall be made comparing (i) the net after-tax
      benefit to Executive of the Payment after payment of the Excise Tax, to
      (ii) the net after-tax benefit to Executive if the Payment had been limited
      to the extent necessary to avoid being subject to the Excise Tax. If the amount
      calculated under (i) above is less than the amount calculated under
      (ii) above, then the Payment shall be limited to the extent necessary to
      avoid being subject to the Excise Tax. The
      determination of whether an Excise Tax would be imposed, the amount of such
      Excise Tax, and the calculation of amounts referred to above shall be made
      by
      the Company’s regular independent accounting firm at the expense of the Company
      (the “Accounting Firm”). Any determination by the Accounting Firm shall be
      binding upon Executive and the Company.

     

    9.Covenants.
      As a
      condition precedent to and in consideration of receipt of the payments and
      benefits set forth in this Agreement:

     

    (a) Executive
      agrees to return all written or electronic documents of the Company and its
      affiliates immediately upon termination of the Employment Period.

     

    (b) Executive
      agrees that during the Employment Period, and for a period ending with the
      expiration of 12 months following the end of the Employment Period, Executive
      shall not, without the written consent of the Company:

     

    (i) Recruit
      or solicit any employee of the Company or its affiliates for employment or
      for
      retention as a consultant or service provider;

     

    (ii) Hire
      or
      participate (with another company or third party) in the process of hiring
      (other than for the Company) any person who is then an employee of the Company
      or its affiliates, or provide names or other information about the employees
      of
      the Company or its affiliates to any person or business (other than the Company)
      under circumstances that could lead to the use of that information for purposes
      of recruiting or hiring;

     

    
      
         

      

      
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    (iii) Interfere
      with the relationship of the Company or its affiliates with any of their
      employees, agents, consultants, or representatives;

     

    (iv) Solicit
      or induce, or in any manner attempt to solicit or induce, any client or customer
      of the Company or its affiliates (1) to cease being a client or customer of
      the Company or its affiliates or (2) to divert any business of such client
      or customer from the Company or its affiliates; or

     

    (v) Otherwise
      interfere with, disrupt, or attempt to interfere with or disrupt, the
      relationship, contractual or otherwise, between the Company and its affiliates
      and any of their customers, clients, suppliers, consultants, or
      employees.

     

    (c) Executive
      agrees that, with regard to all confidential technical, business, tax, financial
      or proprietary knowledge and information obtained while employed by the Company
      or any affiliate (“Proprietary Information”), Executive will not at any time
      disclose any such Proprietary Information to any person, firm, corporation,
      association, governmental agency, employee, or entity or use any such
      Proprietary Information for Executive’s benefit or for the benefit of any other
      person, firm, corporation or other entity, except the Company and except as
      may
      be required by court order or subpoena. Executive agrees to notify the Company
      as soon as practicable after Executive’s receipt of such a court order or
      subpoena. For purposes of this Agreement, the term “Proprietary Information”
does not include information that (i) is in the public domain or
      (ii) was lawfully disclosed to Executive following the end of the
      Employment Period by a third party under no obligation of confidentiality.
      

     

    (d) Executive
      agrees that all Executive Developments shall be made for hire by Executive
      for
      the Company. “Executive Developments” means any idea, discovery, invention,
      design, method, technique, improvement, enhancement, development, computer
      program, machine, algorithm or other work or authorship that (i) relates to
      the business or operations of the Company or its affiliates, or
      (ii) results from or is suggested by any undertaking assigned to Executive
      or work performed by Executive for or on behalf of the Company or its
      affiliates, whether created alone or with others, during or after working hours.
      All Executive Developments shall remain the sole property of the Company. To
      the
      extent Executive may, by operation of law or otherwise, acquire any right,
      title
      or interest in or to any Executive Development, Executive hereby assigns to
      the
      Company all such proprietary rights. Executive shall, both during and after
      the
      Employment Period, upon the Company’s request and at the Company’s expense,
      promptly execute and deliver to the Company all such assignments, certificates
      and instruments, and shall promptly perform such other acts, as the Company
      may
      from time to time in its discretion deem necessary or desirable to evidence,
      establish, maintain, perfect, enforce or defend the Company’s rights in
      Executive Developments. 

     

    (e) Executive
      acknowledges that a breach by Executive of Section 0
      would
      cause immediate and irreparable harm to the Company for which an adequate
      monetary remedy does not exist; hence, Executive agrees that, in the event
      of a
      breach or threatened breach by Executive of the provisions of Section
0
      during
      or after the Employment Period, the Company shall be entitled to injunctive
      relief restraining Executive from violation of that section without the
      necessity of proof of actual damage or the posting of any bond. Nothing herein
      shall be construed as prohibiting the Company from pursuing any other remedy
      at
      law or in equity to which the Company may be entitled under applicable law
      in
      the event of a breach or threatened breach of this Agreement by Executive
      provided, however, that Executive’s resignation without Good Reason shall not,
      in and of itself, constitute a breach by Executive of this Agreement, provided
      Executive does not thereafter act in breach of his obligations under Section
      0.

     

    
      
         

      

      
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    The
      obligations contained in Section 0
      shall,
      to the extent provided in Section 0,
      survive
      the termination or expiration of the Employment Period and, as applicable,
      shall
      be fully enforceable thereafter in accordance with the terms of this
      Agreement.

     

    10.Waiver
      of Other Benefits.
      This
      Agreement supersedes, and Executive expressly waives his right to any benefit
      or
      payment under, any other severance, employment, change in control, or other
      agreement between the Executive and the Company or Parent.

     

    11.Indemnification.
      The
      Company shall indemnify Executive, to the fullest extent permitted under the
      General Corporation Law of the State of Delaware, against any judgments, fines,
      amounts paid in settlement, and reasonable expenses, including attorneys’ fees,
      incurred by Executive in connection with the defense of any claim or other
      matter made against Executive, or threatened to be made, by reason of his being
      or having been an officer or director of the Company.

     

    12.Withholding.
      The
      Company shall withhold such amounts from any compensation or other benefits
      payable to Executive under this Agreement on account of payroll and other taxes
      as may be required by applicable law or regulation of any governmental
      authority.

     

    13.Validity.
      The
      invalidity or unenforceability of any provision or provisions of this Agreement
      shall not affect the validity or enforceability of any other provision of this
      Agreement, which shall remain in full force and effect. 

     

    14.Acknowledgment.
      Executive acknowledges that he has been advised by the Company to seek the
      advice of independent counsel prior to reaching agreement with the Company
      on
      any of the terms of this Agreement. The parties agree that no rule of
      construction shall apply to this Agreement which construes ambiguous language
      in
      favor of or against any party by reason of that party’s role in drafting the
      Agreement.

     

    15.Waivers;
      Modification.
      Failure
      to insist upon strict compliance with any of the terms, covenants, or conditions
      hereof shall not be deemed a waiver of such term, covenant, or condition, nor
      shall any waiver or relinquishment of, or failure to insist upon strict
      compliance with, any right or power hereunder at any one or more times be deemed
      a waiver or relinquishment of such right or power at any other time or times.
      This Agreement shall not be modified in any respect except by a writing executed
      by each party hereto. 

     

    16.Successors.

     

    (a) This
      Agreement and all rights of Executive hereunder shall inure to the benefit
      of
      and be enforceable by Executive’s personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees and
      legatees.

     

    
      
         

      

      
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    (b) The
      Company shall require any successor (whether direct or indirect, by purchase,
      merger, consolidation or otherwise) to all or substantially all of the business
      or assets of the Company to expressly assume and agree to perform this Agreement
      in the same manner and to the same extent that the Company would be required
      to
      perform this Agreement if no such succession had taken place. For purposes
      of
      this Agreement, the term “Company” shall mean the Company and any successor to
      all or substantially all of the Company’s business or assets that assumes and
      agrees to perform the Company’s obligations under this Agreement by operation of
      law or otherwise.

     

    17.Notices.
      For
      purposes of this Agreement, all notices, demands and all other communications
      provided for in this Agreement shall be in writing and shall be deemed to have
      been duly given when delivered or (unless otherwise specified) mailed by United
      States certified or registered mail, return receipt requested, postage prepaid,
      addressed as follows:

     

    If
      to
      Executive:

    

    Christopher
      Coppersmith 

    1400
      Glenn Curtiss St.

    Carson,
      California 90746

    Fax:
      310-900-1982

    

    With
      a
      copy to:

    

    Mr.
      Byron
      Countryman, Esq.

    5933
      W.
      Century Blvd. 11th Fl.

    Los
      Angeles, CA. 90045

    Fax:
      310-342-6505

    

    If
      to the
      Company:

    

    Target
      Logistics, Inc.

    c/o
      Mainfreight Limited

    P.O.
      Box
      14-038 Panmure

    Auckland,
      New Zealand

    Attention:
      Don Braid, Managing Director

    Fax:
      +64
      (9) 270-7400

    Email:
      don@mainfreight.com

     

    or
      to
      such other address as any party may have furnished to the others in writing
      in
      accordance herewith, except that notices of change of address shall be effective
      only upon receipt.

     

    18.Governing
      Law and Venue.
      This
      Agreement shall be governed by the law of the State of California, without
      regard to any conflict of laws provisions thereof that would apply the law
      of a
      different jurisdiction. Proper venue for any dispute will be the courts located
      within the County of Los Angeles, State of California.

     

    
      
         

      

      
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    19.Descriptive
      Headings; Certain Interpretations.
      Descriptive headings are for convenience only and shall not control or affect
      the meaning or construction of any provision of this Agreement. Except as
      otherwise expressly provided in this Agreement: (i) any reference in this
      Agreement to any agreement, document or instrument includes all permitted
      supplements and amendments; (ii) a reference to a law includes any
      amendment or modification to such law and any rules or regulations issued
      thereunder; (iii) the words “include,” “included” and “including” are not
      limiting; and (iv) a reference to a person or entity includes its permitted
      successors and assigns.

     

    20.Counterparts.
      This
      Agreement may be executed in multiple counterparts, each of which shall be
      deemed to be an original but all of which together shall constitute one and
      the
      same instrument.

     

    21.Entire
      Agreement.
      This
      Agreement sets forth the entire agreement of the parties hereto in respect
      of
      the subject matter contained herein and supersedes all prior agreements,
      promises, covenants, arrangements, communications, representations or
      warranties, whether oral or written, by any officer, employee or representative
      of any party hereto; and any prior agreement of the parties hereto in respect
      of
      the subject matter contained herein is hereby terminated and shall be of no
      further force or effect.

     

    [signatures
      appear on the following page]

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement on the date and year
      first above written.

    
      	 	 	 
	 	 
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
              

              Name:
                Stuart Hettleman

              Title:
                Executive Vice President

            
	 	
            

    

    
      	 	 	 
	 	 
	 
 	 
 	 
 
	
            	 	/s/ 
	 	
              

              Christopher
                Coppersmith

            
	 	
            

    

     

    
      
         

      

      
        -11-Exhibit
      10.2

    

    EXECUTION
      COPY

    

    TARGET
      LOGISTICS, INC.

    
      500
        HARBORVIEW DRIVE, THIRD FLOOR

      BALTIMORE,
        MARYLAND 21230

    

    

    

    September
      17, 2007

     

    Mr.
      Stuart Hettleman

    500
      Harborview Drive

    Baltimore,
      Maryland 21230

     

    Dear
      Stuart: 

     

    The
      purpose of this letter is to set forth the terms of your compensation upon
      termination of your employment with Target Logistics, Inc., a Delaware
      corporation (“Target”),
      in
      the event of a Change in Control.

     

    Payments
      and benefits provided by this letter agreement are in lieu of any payments
      or
      benefits to which you may be entitled under any other Target severance program
      or arrangement. Furthermore, this is not a contract of employment and nothing
      contained herein shall confer on you any right to be retained, in any position,
      as an employee, consultant or officer of Target or any of its subsidiaries
      (the
“Companies”)
      either
      before or after a Change in Control.

     

    1. Definitions.
      As used
      in this letter agreement, the following terms shall have the meanings set forth
      below: 

    

    (a) “Board”
means
      the Board of Directors of Target.

    

    (b) “Change
      in Control”
means
      the first to occur of any one of the following events: 

    

    (i) any
      “Person,”
as
      such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act
      of
      1934 (the “Exchange
      Act”)
      (other
      than (A) Target, or (B) any person or entity which currently owns more than
      20%
      of Voting Securities), is or becomes the “beneficial owner” (as defined in Rule
      13d-3 under the Exchange Act), directly or indirectly (not including any
      securities acquired directly from Target), of 25% or more of Target’s then
      outstanding securities eligible to vote in the election of the Board
      (“Voting
      Securities”),
      provided that the entry into an agreement to purchase such Voting Securities
      shall not constitute a Change in Control until the consummation of the
      transactions contemplated by any such agreement;

    

    (ii) the
      following individuals cease for any reason to constitute a majority of the
      number of directors then serving on the Board: individuals who, on the date
      hereof, were members of the Board and any new director (other than a director
      whose initial assumption of office is in connection with an actual or threatened
      election contest, including but not limited to a consent solicitation, relating
      to the election of directors of Target) whose appointment or election by the
      Board or nomination for election by Target’s stockholders was approved or
      recommended by a vote of at least two-thirds (2/3) of the directors then still
      in office who either were directors on the date hereof or whose appointment,
      election or nomination for election was previously so approved or recommended;
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    (iii) there
      is
      consummated a merger or consolidation of Target with any other corporation
      or
      entity, or Target issues Voting Securities in connection with a merger or
      consolidation of any direct or indirect subsidiary of Target with any other
      corporation, other than (A) a merger or consolidation that would result in
      the
      holders of Voting Securities outstanding immediately prior thereto continuing
      to
      own (either by such Voting Securities remaining outstanding or by such Voting
      Securities being converted into Voting Securities of the surviving or parent
      entity) more than 50% of Target’s then outstanding Voting Securities or 50% of
      the combined voting power of such surviving or parent entity outstanding
      immediately after such merger or consolidation or (B) a merger or consolidation
      effected to implement a recapitalization of Target (or similar transaction)
      in
      which no Person, directly or indirectly, acquired 25% or more of Target’s then
      outstanding Voting Securities (not including any securities acquired directly
      from Target); or

    

    (iv) the
      consummation of a plan of complete liquidation of Target or the consummation
      of
      an agreement for the sale or disposition by Target of all or substantially
      all
      of Target’s assets (or any transaction having a similar effect), other than a
      sale or disposition by Target of all or substantially all of Target’s assets to
      an entity, at least 50% of the combined voting power of the voting securities
      of
      which are owned directly or indirectly by stockholders of Target in
      substantially the same proportions as their ownership of Target immediately
      prior to such sale.

    

    2. Payments
      Upon Termination of Employment upon or following a Change in
      Control.
      If,
      within the period beginning on a Change in Control and ending two (2) years
      following the date of such Change in Control, your employment with Target
      terminates for any reason whatsoever, including, without limitation, your
      resignation, then contingent upon your execution of a release in favor of Target
      substantially in the form annexed hereto as Exhibit
      A
      within
      60 days following termination of your employment and not revoking such release,
      you shall be entitled to the following payments and benefits: 

    

    (a) Severance.
      Within
      60 days following the termination of your employment, Target shall pay you
      a
      lump sum cash payment of $400,000.

    

    (b) Health
      and Welfare Benefits.
      By
      executing this letter agreement, you elect continuation coverage (as defined
      in
      the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (COBRA))
      under Target’s medical and dental plans as in effect at the time of the
      termination of your employment (the “Health
      Plans”).
      Except as otherwise provided in this paragraph 2(b), Target shall pay the full
      premiums for you and any dependents eligible for continuation coverage under
      COBRA for 18 months following the date you terminate employment. For the period
      beginning 18 months after the date you terminate employment and continuing
      until
      the date that is 36 months after the date you terminate employment, Target
      will
      pay you at the end of each month an amount equal to the amount of the premiums
      which Target would have paid for such month (or eligible portion thereof) had
      you and your dependents remained on the Health Plans, which amount shall be
      determined using the premium cost in effect on the date your employment is
      terminated. On the date you secure subsequent employment with comparable medical
      and dental coverage (which you have no obligation to pursue), all right to
      benefits under this paragraph not already paid shall be forfeited. You agree
      that in consideration of the payment of cost of COBRA coverage to execute all
      necessary documentation acknowledging proper COBRA notice and coverage. You
      further agree to promptly notify Target in the event that secure subsequent
      employment with a comparable medical and dental coverage benefit.

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    Your
      employment with Target will be considered terminated on the date you incur
      a
      separation from service (within the meaning of Treasury Regulation Section
      1.409A-1(h)(1)) from Target and any entity required to be aggregated with Target
      under Treasury Regulation Section 1.409A-1(h)(3).

    

    3. Withholding
      Taxes.
      Target
      may withhold from all payments or benefits due to you hereunder or under any
      other plan or arrangement of the Companies all taxes which, by applicable
      federal, state, local or other law, Target determines it is required to withhold
      therefrom.

    

    4. Parachute
      Payment Taxes.

    

    (a) Anything
      in this letter agreement to the contrary notwithstanding, in the event it shall
      be determined that any payment or distribution by Target to you or for your
      benefit (a “Payment”)
      would
      be subject to the excise tax (the “Excise
      Tax”)
      imposed by Section 4999 of the Internal Revenue Code of 1986 (the “Code”),
      then,
      prior to the making of any Payment to you, a calculation shall be made comparing
      (i) the net after-tax benefit to you of the Payment after payment of the Excise
      Tax, to (ii) the net after-tax benefit to you if the Payment had been limited
      to
      the extent necessary to avoid being subject to the Excise Tax. If the amount
      calculated under (i) above is less than the amount calculated under (ii) above,
      then the Payment shall be limited to the extent necessary to avoid being subject
      to the Excise Tax (the “Reduced
      Amount”).
      In
      that event, you shall direct which Payments are to be modified or
      reduced.

    

    (b) The
      determination of whether an Excise Tax would be imposed, the amount of such
      Excise Tax, and the calculation of the amounts referred to Section 4(a)(i)
      and
      (ii) above shall be made by Target’s regular independent accounting firm at the
      expense of Target or, at your election and expense, a nationally recognized
      independent accounting firm (the “Accounting
      Firm”)
      which
      shall provide detailed supporting calculations. Any determination by the
      Accounting Firm shall be binding upon you and Target. As a result of the
      uncertainty in the application of Section 4999 of the Code at the time of the
      initial determination by the Accounting Firm hereunder, it is possible that
      Payments to which you are entitled to, but did not receive pursuant to Section
      4(a), could have been made without the imposition of the Excise Tax
      (“Underpayment”).
      In
      such event, the Accounting Firm shall determine the amount of the Underpayment
      that has occurred and any such Underpayment shall be paid by Target to you
      or
      for your benefit within 30 days following such determination by the Accounting
      Firm.

    

    (c) In
      the
      event that the provisions of Code Section 280G and 4999 or any successor
      provisions are repealed without succession, this Section 4 shall be of no
      further force or effect.

    

    5. No
      Duty to Mitigate.
      You will
      have no duty to mitigate your damages, including any duty to seek other
      employment, in the event of any breach by Target of this letter agreement or
      otherwise. In no event shall any amount payable to you hereunder be subject
      to
      offset for any compensation or other amount received from any third
      party.

    

    6. Covenants.
      As a
      condition precedent to and in consideration of your receipt of the payments
      and
      benefits set forth above: 

    

    (a) You
      agree
      to return all written or electronic documents of the Companies to Target
      immediately upon termination of your employment with Target. 

    

    (b) You
      agree
      that during the period of your employment with Target, and for a period ending
      with the expiration of 36 months following your termination of employment with
      Target, you shall not, without the written consent of Target:

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

    (i) recruit
      or solicit any employee of the Companies for employment or for retention as
      a
      consultant or service provider;

    

    (ii) hire
      or
      participate (with another company or third party) in the process of hiring
      (other than for Target) any person who is then an employee of the Companies,
      or
      provide names or other information about the Companies’ employees to any person
      or business (other than Target) under circumstances that could lead to the
      use
      of that information for purposes of recruiting or hiring;

    

    (iii) interfere
      with the relationship of the Companies with any of their employees, agents,
      or
      representatives;

    

    (iv) solicit
      or induce, or in any manner attempt to solicit or induce, any client, customer,
      or prospective client or customer of the Companies (1) to cease being, or not
      to
      become, a customer of the Companies or (2) to divert any business of such
      client, customer, or prospective client or customer from the Companies;
      or

    

    (v) otherwise
      interfere with, disrupt, or attempt to interfere with or disrupt, the
      relationship, contractual or otherwise, between the Companies and any of their
      customers, clients, prospects, suppliers, consultants, or
      employees.

    

    (c) You
      agree
      that during the period of your employment with Target, and for a period ending
      with the expiration of 24 months following your termination of employment with
      Target, you shall not, without the written consent of Target, either
      individually or as an officer, director, stockholder, member, partner, agent,
      consultant or principal of another business firm engage in, or be connected
      in
      any manner with, any business operating anywhere in the world (whether as an
      employee, consultant, agent, principal, director, officer, member, partner
      or
      shareholder, other than as a passive shareholder of a public company of which
      you own less than 1%) that is in direct competition with any freight forwarding
      or logistics services business of the Companies, or any other current or planned
      business of the Companies of which you are aware (“Competitive Business”) or be
      employed by any entity or person that controls a Competitive Business. For
      purposes of this letter, “freight forwarding” means the sale, solicitation,
      acceptance of and arrangement for the movement of freight either domestically
      or
      internationally. The Companies or any Person who acquires 25% or more of
      Target’s Voting Securities in a Change in Control shall bear the burden of
      proving a breach of this Section 6(c).

    

    (d) You
      agree
      to cooperate with the Companies and to provide all information that the
      Companies may hereafter reasonably request with respect to any matter involving
      your present or former relationship with the Companies, the work you have
      performed, or present or former employees of the Companies so long as such
      requests do not unreasonably interfere with any other job or important personal
      activity in which you are engaged. Target agrees to reimburse you for all
      reasonable costs and expenses you incur in connection therewith.

    

    (e) You
      agree
      that, with regard to all confidential technical, business, tax, financial or
      proprietary knowledge and information you have obtained while employed by any
      of
      the Companies (“Proprietary
      Information”),
      you
      will not at any time disclose any such Proprietary Information to any person,
      firm, corporation, association, governmental agency, employee, or entity or
      use
      any such Proprietary Information for your own benefit or for the benefit of
      any
      other person, firm, corporation or other entity, except the Companies and except
      as may be required by court order or subpoena. You agree to notify Target as
      soon as practicable after your receipt of such a court order or subpoena. For
      purposes of this letter agreement, the term “Proprietary Information” does not
      include information that (i) is in the public domain, (ii) was known to you
      prior to your employment with the Companies as evidenced by written records
      in
      your possession prior to such disclosure; or (iii) was lawfully disclosed to
      you
      following the end of your employment with the Companies by a third party under
      no obligation of confidentiality.

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

    

    7. Binding
      Agreement; Successors.
      This
      letter agreement shall not be terminated by any Change in Control. In the event
      of any Change in Control, the provisions of this letter agreement shall be
      binding upon the surviving corporation, and such surviving corporation shall
      be
      treated as Target hereunder. This letter agreement shall inure to the benefit
      of
      and be enforceable by your personal or legal representatives, executors,
      administrators, successors, heirs, distributees, devisees and legatees. If
      you
      die while any amounts would be payable to you hereunder had you continued to
      live, all such amounts, unless otherwise provided herein, shall be paid in
      accordance with the terms of this letter agreement to such person or persons
      appointed in writing by you to receive such amounts or, if no person is so
      appointed, to your estate.

    

    8. Governing
      Law and Miscellaneous.
      The law
      of the State of Maryland shall govern this letter agreement without giving
      effect to its conflict of law principles. Should a court of competent
      jurisdiction find that any provision of this letter agreement is void, voidable,
      illegal, or unenforceable, no other provision shall be affected thereby and
      the
      balance shall be interpreted in a manner that gives effect to the intent of
      the
      parties. The parties agree that the normal rule of construction that holds
      that
      all ambiguities are construed against the drafting party will not apply to
      the
      interpretation of this letter agreement. You and Target acknowledge that this,
      along with the release attached as Exhibit
      A,
      is our
      entire agreement. We further acknowledge that the headings in this letter
      agreement are for convenience only and have no bearing on the meaning of this
      letter agreement.

    

    Please
      sign and date this letter agreement and return the signed copy to the Company
      at
      500 Harborview Drive, Third Floor, Baltimore, Maryland 21230.

    
      	 	 	 
	 	Very
              truly
              yours,
	 
 	 
 	 
 
	
            	  	/s/ 
	 	
              

              Brian
                Coventry

              Chairman,
                Compensation Committee

            
	 	
            

    

    

    

      AGREED
        AND ACKNOWLEDGED:

    

    

    /s/

      
        

      

    Stuart
      Hettleman

    September
      17, 2007

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

    EXHIBIT
      A 

    

      GENERAL
        EXECUTIVE RELEASE AND WAIVER

    

    

    Reference
      is made
      to that
      certain letter agreement dated September 17, 2007 by and between Target
      Logistics, Inc.,
      a
      Delaware corporation (“Target”),
      and
      the undersigned with respect to the terms of severance payments upon a change
      in
      control of Target (the “CIC
      Agreement”).
      Capitalized terms not defined herein shall have the meaning ascribed to such
      terms in the CIC Agreement. 

    

    For
      good
      and valuable consideration,
      as set
      forth in the CIC Agreement (which is incorporated herein by reference as if
      set
      forth fully herein and made a part hereof), the receipt, sufficiency and
      adequacy of which are hereby acknowledged the undersigned agrees as follows:
      

    

    1. Acknowledgment
      and Release.
      The
      undersigned hereby accepts the severance package provided under the CIC
      Agreement and hereby releases, discharges, and agrees to hold harmless the
      Companies, their predecessors, successors, their boards of directors and their
      members, employees, officers, parent, shareholders, employee benefit plans
      and
      their plan administrators, trusts, trustees, heirs, successors, and assigns
      (hereinafter referred to in this Release collectively as the “Releasees”),
      from
      all claims, liabilities, demands, and causes of action at law or equity, known
      or unknown, fixed or contingent, which the undersigned has, may have, will
      have,
      or claims to have against the Releasees as a result of the undersigned’s
      employment and/or this separation and the conclusion of the undersigned’s
      employment with the Releasees at any time up to and including the date of the
      execution of this letter agreement, excluding all claims that arise out of
      an
      asserted breach of the CIC Agreement. The undersigned’s agreement pursuant to
      this General Executive Release and Waiver is hereinafter referred to as the
      “Release”.
      This
      includes, but is not limited to, claims arising under federal, state, or local
      laws prohibiting employment discrimination, including Title VII of the Civil
      Rights Act of 1964, as amended, the Age Discrimination in Employment Act, as
      amended (including the Older Workers Benefit Protection Act), the Employment
      Retirement Income Security Act of 1974, as amended, the Equal Pay Act, the
      Fair
      Labor Standards Act, as amended, the Maryland Human Relations Act, the Maryland
      Wage Payment and Collection Act, as amended, claims growing out of any legal
      restrictions on an employer’s right to terminate its employees in any
      jurisdiction, such as claims for wrongful or constructive discharge, breach
      of
      any express or implied contract, and/or any claims on any basis whatsoever
      regarding the undersigned’s status, pay, position, or title while employed by
      the Releasees. Excluded from this Release are claims which cannot be lawfully
      waived, including the right to file an administrative charge of discrimination
      with federal or state agencies. However, the undersigned is waiving all rights
      to monetary recovery in connection with any such charge. The undersigned
      specifically promises not to sue the Releasees in any forum for any of the
      above-mentioned claims. 

    

    2. Governing
      Law.
      Except
      to the extent governed by Federal law, the law of the State of Maryland shall
      govern this Release without giving effect to its conflict of law principles.
      Should a court of competent jurisdiction find that any provision of this Release
      is void, voidable, illegal, or unenforceable, no other provision shall be
      affected thereby and the balance shall be interpreted in a manner that gives
      effect to the intent of the parties. The parties agree that the normal rule
      of
      construction that holds that all ambiguities are construed against the drafting
      party will not apply to the interpretation of this Release. 

    

    3. Time
      to Consider.
      The
      undersigned acknowledges that he has been advised that he has [twenty-one
      (21)] days
      from
      the date of receipt of this Release to consider all the provisions of the
      Release and does hereby knowingly and voluntarily waive said given twenty-one
      day period. THE UNDERSIGNED FURTHER ACKNOWLEDGES THAT HE HAS READ THE RELEASE
      CAREFULLY, HAS BEEN ADVISED BY TARGET TO, AND HAS IN FACT, CONSULTED AN
      ATTORNEY, AND FULLY UNDERSTANDS THAT BY SIGNING BELOW HE IS GIVING UP CERTAIN
      RIGHTS WHICH HE MAY HAVE TO SUE OR ASSERT A CLAIM AGAINST THE RELEASEES AS
      DESCRIBED HEREIN. THE UNDERSIGNED ACKNOWLEDGES THAT HE HAS NOT BEEN FORCED
      OR
      PRESSURED IN ANY MANNER WHATSOEVER TO SIGN THIS RELEASE AND AGREES TO ALL OF
      ITS
      TERMS VOLUNTARILY.

     

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    

    4. Revocation.
      The
      undersigned reserves the right to revoke the Release within seven (7) days
      from
      the date of the execution of the Release, with respect to all claims referred
      to
      herein (including, without limitation, any and all claims arising under ADEA).
      If the undersigned revokes the Release, Target will not be obligated to honor
      its obligations under the CIC Agreement.

    

    5. No
      Admission.
      This
      Release does not constitute an admission of liability or wrongdoing of any
      kind
      by the undersigned.

    

    In
      witness whereof,
      the
      undersigned has executed this Release as of the ___ day of ____________,
      2007.

    

    

    ________________________________

    Stuart
      Hettleman

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