Document:

Exhibit
10.2

FLEETWOOD ENTERPRISES, INC. 

2007 Stock Incentive Plan

RESTRICTED STOCK AWARD AGREEMENT

This Restricted Stock Award
Agreement (this “Agreement”) is made effective as of September 13, 2007 between
FLEETWOOD ENTERPRISES, INC. (the “Company”) and «FIRST_NAME» «LAST_NAME» (“Participant”),
pursuant to the 2007 Stock Incentive Plan (the “Plan”), which became effective
on September 11, 2007.

1.             Incorporation By Reference.  This Agreement is subject in all respects to
the terms and provisions of the Plan, all of which are by this reference made a
part of and incorporated in this Agreement. 
Any capitalized term not defined in this Agreement shall have the
meaning ascribed to it in the Plan.  If
and to the extent this Agreement and the Plan conflict, the Plan shall control.

2.             Grant Of Restricted Stock.  Subject to the limitations
set forth herein and in the Plan, «SHARES_GRANTED» shares of restricted Common
Stock (the “Restricted Stock”) will be issued in the name of Participant, but
held in an electronic account by the Company for Participant’s account, and
will not be transferred to Participant until all vesting conditions have been
met as set forth in Section 3 below.  The
Restricted Stock will be restricted by being subject to vesting and
non-transferability provisions as hereafter provided in this Agreement and
shall be subject to such limitations on transfer as are contained in the Plan,
federal and state securities laws or any other limitations on transferability
as may be imposed by the Company.  By
accepting the Restricted Stock, Participant irrevocably agrees on behalf of
Participant and Participant’s successors and permitted assigns to all of the
terms and conditions of the Award as set forth in or pursuant to this Agreement
and the Plan (as such Plan may be amended from time to time).

3.             Vesting.  Subject to
Participant’s continued uninterrupted service for the Company as a director
from the date hereof through the relevant vesting date, and the other
conditions set forth in this Agreement and the Plan, Participant’s rights in
and to the Restricted Stock shall become vested on <<INSERT
DATE>>.  The shares subject to that
portion of the Restricted Stock that has not vested are referred to herein as “Unvested
Shares.”

4.             Issuance Of Certificates.  In its sole discretion, the
Administrator may cause the Company to issue and deliver to Participant, in the
name of Participant, a certificate representing ownership of the Restricted
Stock.  Each certificate evidencing
Unvested Shares will bear a legend to the effect that such shares are subject
to potential forfeiture and may not be sold, exchanged, transferred, pledged,
hypothecated or otherwise disposed of except in accordance with the terms of
this Agreement.

5.             Status of Award.  From and after the date hereof, Participant
will be recorded as a stockholder of the Company with respect to the Restricted
Stock (whether vested or unvested) and shall have all voting rights and rights
to dividends and other distributions with respect to such Restricted Stock unless
and until any such Restricted Stock is forfeited or transferred back to the
Company.

6.             Termination of Employment.  Notwithstanding Section 8(g) of the Plan,
upon Participant’s Retirement or Early Retirement, the vesting of the
Restricted Stock shall immediately cease on the effective date of Retirement or
Early Retirement and all Unvested Shares subject to this Agreement shall be
forfeited by Participant and cancelled and surrendered to the Company without
payment of any consideration.

7.             Section 83(b) Election.  Participant understands and
agrees that the vesting of the Restricted Stock shall constitute compensation
income arising from services performed by Participant for the Company.  Participant understands that the taxable
income recognized by Participant as a result of the 

award of Restricted Stock hereunder, and the
withholding liability and required date of withholding with respect thereto, if
any, will be affected by a decision by Participant to make an election pursuant
to Section 83(b) of the Internal Revenue Code of 1986, as amended (an “83(b) Election”).  Participant understands and agrees that
Participant will have the sole responsibility for determining whether to make
an 83(b) Election with respect to the Restricted Stock and for properly
making such election and filing the election with the relevant taxing
authorities on a timely basis. 
Participant will not rely on the Company or any of its officers,
accountants, attorneys or other agents for any advice in connection with the
decision whether to make, or procedures for making, the 83(b) Election and
acknowledges that the Company has urged Participant to consult with Participant’s
own tax advisor with respect to the desirability of and procedures for making
an 83(b) Election with respect to the Restricted Stock, including when the
election should be made.  Participant
agrees to submit to the Company a copy of any 83(b) Election with respect
to the Restricted Stock immediately upon filing such election with the relevant
taxing authority.

8.             Administrator
Authority.  Any question concerning the interpretation of
this Agreement or the Plan, any adjustments required to be made under the Plan,
and any controversy that may arise under the Plan or this Agreement shall be
determined by the Administrator in its sole and absolute discretion.

9.             Transfer
Restrictions.  Any sale, transfer, assignment, encumbrance,
pledge, hypothecation, conveyance in trust, gift, transfer by bequest, devise
or descent, or other transfer or disposition of any kind, whether voluntary or
by operation of law, directly or indirectly, of Unvested Shares shall be
strictly prohibited and void.

10.          Securities
Law Compliance.  The Company may impose such restrictions,
conditions or limitations as it determines appropriate as to the timing and
manner of any resales or other subsequent transfers of any Shares issued as a
result of or under this Agreement, including without limitation
(i) restrictions under an insider trading policy, (ii) restrictions
that may be necessary in the absence of an effective registration statement
under the Securities Act of 1933, as amended, covering the Award and/or the
Shares underlying the Award and (iii) restrictions as to the use of a
specified brokerage firm or other agent for such resales or other
transfers.  Any sale of the Shares must
also comply with other applicable laws and regulations governing the sale of
such shares.  

11.          Governing
Law.  This Agreement shall be governed by and
construed in accordance with the internal laws of the State of California,
shall be binding upon the successors and assigns of the parties hereto and
shall be subject to all of the terms and provisions of the Plan, a copy of
which has been delivered to Participant.

IN WITNESS WHEREOF, this
Agreement has been duly executed by the parties hereof on the date first above
written.

	
  PARTICIPANT:

  	
   

  	
  FLEETWOOD ENTERPRISES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  
	
  (Signature)

  	
   

  	
   

  	
  Elden L. Smith, President

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Printed Name)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Effective Date:
  <<September XX, 20XX>>

  	
   

  	
   

  

 

 2AGREEMENT

    

    THIS
      AGREEMENT is made as of the 14th day of September, among Rubber Research
      Elastomerics, Inc. (“RRE”), Winston Salser (“Salser”) and Riviera Investments,
      Inc., a corporation controlled by Salser (“Riviera”).

    

    Recitals

    

    A. 
RRE
      desires to engage Salser as its Chief Executive Officer, and Salser is willing
      to accept such engagement. The parties wish to establish certain terms regarding
      Salser’s employment as CEO.

    

    B. 
Salser
      and Riviera have previously provided funding to RRE. During the period from
      May
      2007 through July 2007, Salser or Riviera provided approximately $121,900 to
      RRE
      as described in that certain Agreement and Receipt of Payments, dated August
      2,
      2007 (the “Payments Agreement”). In August 2007, Salser or Riviera provided an
      additional $30,829 to RRE as described in that certain letter agreement dated
      August 3, 2007. (References herein to Salser include Riviera, where
      applicable.)

    

    C. 
RRE
      desires to obtain additional funding, and Salser and Riviera are willing to
      provide additional funding to RRE on the terms and conditions described
      below.

    

    Therefore,
      the parties hereby agree as follows:

    

    1. 
Employment
      of Salser as CEO.
      RRE
      agrees to employ Salser as its CEO. The term of his employment will be four
      years, unless terminated earlier. RRE will pay Salser a base salary of $150,000
      per year for his services as CEO, plus such other compensation and benefits
      as
      may be determined by the Board of Directors from time to time. Salser’s base
      salary will be paid in equal installments on RRE’s regular payroll dates. If RRE
      terminates Salser’s employment without cause before the expiration of the 4-year
      term, Salser will be entitled to receive his salary for the remainder of the
      4-year term.

    

    2. 
Purchase
      of Stock; Other Funding.
      

    

    (a) 
Purchase
      of Stock.
      On or
      promptly after the date of this Agreement, Salser or Riviera, or a combination
      thereof, will purchase $300,000 of 8.5% Convertible Preferred Stock from RRE
      at
      a
      price of $0.42 per share (i.e.,
      714,286 shares). The purchase price will be paid (i) by applying the $152,729
      previously provided to RRE by Salser or Riviera, plus accrued interest thereon,
      and (ii) the balance in cash. The issuance of such stock will satisfy RRE’s
      indebtedness to Salser and Riviera with respect to the prior advances so
      applied. Notwithstanding such application of prior advances to purchase stock,
      Salser and Riviera shall continue to have the rights set forth in the Payments
      Agreement, as provided in Section 3 hereof. 

    

    (b) 
Convertible
      Debenture.
      Within
      45 days after the date of this Agreement, Salser or Riviera will provide an
      additional $300,000 in funding to RRE. This will be evidenced by a convertible
      debenture, payable on demand and bearing interest at the rate of twelve percent
      (12%) per annum, payable quarterly. Such convertible debenture shall be
      convertible into shares of 8.5% Convertible Preferred Stock at a conversion
      price of $0.42 per share. RRE will reserve 714,286 shares of 8.5% Preferred
      Stock for issuance upon such conversion. 

    

    (c) 
Use
      of
      Funds; Escrow of Funds.
      RRE
      agrees to use the funds provided by Salser or Riviera as follows:

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    (i) 
$100,000
      of the funds provided by Salser or Riviera on or after the date of this
      Agreement (or less, if the full $100,000 is not required) will be used to
      terminate the license agreement between RRE and 4500 Main Street LLC and to
      refund to 4500 Main Street LLC the partial payment previously made to RRE with
      respect to such license agreement; and RRE shall terminate or confirm the
      expiration of the options agreement to purchase licenses, which 4500 Main Street
      LLC has failed to maintain.

    

    (ii) 
The
      remaining funds (including funds provided in payment for stock and funds
      advanced by Salser or Riviera for the convertible debenture) will be placed
      in
      an escrow account with a bank, and will be released to RRE and applied to the
      following purposes: (A) to pay the salary of Salser as CEO; (B) to pay
      debentures held by Duncan King, Ernest Miller or Jane Miller, if such debentures
      are tendered to RRE for payment; or (C) for other corporate purposes approved
      by
      Salser.

    

    3. 
Continued
      Effect of Payments Agreement.
      Notwithstanding the application of funds to purchase stock under this Agreement
      and the other provisions of this Agreement, the parties agree that Salser and
      Riviera shall continue to have the rights set forth in the Payments Agreement,
      including but not limited to the right to purchase Tirecycle Licenses or to
      pay
      costs and expenses relating to the manufacture of Tirecycle Treatments, and
      may
      supply the funds required for the exercise of any or all of such rights by
      applying some or all of the funds provided by Salser or Riviera under this
      Agreement and evidenced by the convertible debenture, or by providing additional
      funds in the future.

    

    4. 
Definitive
      Agreements.
      The
      parties agree to prepare and execute one or more definitive documents setting
      forth the detailed terms of these relationships, including the terms set forth
      in this Agreement. This Agreement shall govern the terms of such relationships
      until definitive agreements are executed by the parties.

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.

    

    RUBBER
      RESEARCH ELASTOMERICS, INC.

    

    

    By
       
      /s/
      Fred J. Stark,
      Jr.                                

    Fred
      J.
      Stark, Jr., Chief Executive Officer

    

    

    SALSER:

    

         
      /s/ Winston
      Salser                                  

    Winston
      Salser

    

    

    RIVIERA
      INVESTMENTS, INC.

    

    

    By
         
      /s/ Winston
      Salser                               

    Winston
      Salser, President

     

     

     

    
      
         

      

      
        2

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