Document:

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                                                                    EXHIBIT 10.5

                                                                  EXECUTION COPY

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

         AGREEMENT, effective as of the 7th day of August, 2006 (the "Effective
Date"), by and between THE REYNOLDS AND REYNOLDS COMPANY, an Ohio Corporation
(the "Company") and FINBARR J. O'NEILL (the "Executive").

         WHEREAS, Executive and the Company are parties to that certain
employment agreement dated December 31, 2004 (the "Original Agreement"); and

         WHEREAS, the Board of Directors of the Company (the "Board") desires to
continue to retain Executive as the Chief Executive Officer and President of the
Company and to encourage the attention and dedication to the Company of
Executive as a member of the Company's management, in the best interests of the
Company and its shareholders; and

         WHEREAS, in order to effect the foregoing, the Company and Executive
wish to enter into an amended and restated employment agreement on the terms and
conditions set forth below.

         NOW, THEREFORE, in consideration of the premises, the mutual covenants
and agreements contained herein, and intending to be legally bound hereby, the
parties hereto agree as follows:

         1. EMPLOYMENT. By this Agreement, the Company and Executive set forth
the terms of the Company's employment of Executive on and after the Effective
Date (as defined above) of this Agreement. Any prior agreements or
understandings with respect to Executive's employment by the Company (including
the Original Agreement) are superseded by this Agreement as of the Effective
Date.

         2. TERM. The term of this Agreement shall be the period commencing on
the Effective Date and terminating on January 31, 2008 (the "Initial Term"). At
the end of the Initial Term and on each subsequent anniversary of such date, the
term of this Agreement shall renew automatically for a period of one (1) year
(the "Initial Term" and each such renewed period to be the "Term"); provided,
however, that upon the occurrence of a Change in Control (as defined in Section
8(e) of this Agreement), the Term shall automatically be extended for 24 months
from the date of such Change in Control, and shall thereafter renew
automatically for a period of one (1) year at the end of such 24-month period
and on each subsequent anniversary of such date; provided, further, however,
that in no event shall this Agreement terminate prior to the Company's
satisfaction of all of the Company's obligations to Executive hereunder.
Notwithstanding the foregoing, the Term is subject to termination as provided in
Section 8.

         3. DUTIES.

            (a) Executive will serve as Chief Executive Officer and President of
the Company (the "Position") and will be appointed a member of the Board.
Executive will report only to the Board.

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            (b) Executive shall furnish such managerial, executive, financial,
technical, and other skills, advice, and assistance in operating the Company and
its Affiliates as the Company may reasonably request. For purposes of this
Agreement, "Affiliate" means each corporation which is a member of a controlled
group of corporations (within the meaning of Section 1563(a) of the Internal
Revenue Code of 1986, as amended (the "Code")) which includes the Company.

            (c) Executive shall also perform such other duties that are
consistent with the Position as are reasonably assigned to Executive by the
Board.

            (d) Executive shall devote Executive's entire time, attention, and
energies to the business of the Company and its Affiliates. The words "entire
time, attention, and energies" are intended to mean that Executive shall devote
Executive's full effort during reasonable working hours to the business of the
Company and its Affiliates and shall devote at least 40 hours per week to the
business of the Company and its Affiliates. Executive shall travel to such
places as are necessary in the performance of Executive's duties.

            (e) Executive shall have the authority and control to make and
execute the decisions he deems necessary to fulfill his responsibilities under
this Agreement, including, without limitation, the authority to determine the
need for, select and manage personnel and all such other authority and control
commensurate with the positions of chief executive officer and president of a
corporation similar in size and scope subject to the Board fulfilling its duties
and responsibilities.

         4. COMPENSATION. As full compensation for Executive's services
hereunder, the Company agrees to pay Executive as follows with respect to the
Term:

            (a) Base Salary. Executive shall receive a base salary (the "Base
Salary") of at least $750,000 per year, payable in 26 bi-weekly installments,
subject to proration for any partial year. Such Base Salary, and all other
compensation payable under this Agreement, shall be subject to withholding as
required by applicable law. The Compensation Committee of the Board (the
"Compensation Committee") shall review Executive's performance at least annually
and consider such increase of Base Salary as the Compensation Committee shall
determine to be appropriate.

            (b) Annual Incentive Compensation. Executive will be eligible for an
annual bonus based upon achievement of certain corporate and personal
performance objectives established by the Compensation Committee. The bonus
target for Executive shall be 85 percent (85%) of his Base Salary (the "Target
Annual Bonus"), with the maximum annual bonus being 140 percent (140%) of his
Base Salary; provided, however, that the Compensation Committee has the right to
modify the corporate and personal performance objectives on an annual basis;
provided, further that, following the occurrence of a Change in Control (as
defined in Section 8(e)), the Target Annual Bonus cannot be reduced from the
Target Annual Bonus in effect as of the date of the Change in Control (or the
prior year's Target Annual Bonus if no such Target Annual Bonus is in effect).

            (c) Incentive Compensation for the First Year. For the period from

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January 17, 2005 to September 30, 2005 only, Executive was guaranteed a bonus of
at least $393,750, subject to increase based upon achievement of corporate and
personal objectives established by the Board pursuant to Section 4(b). The
corporate objectives for fiscal year 2005 were EBIT-ROC = 29% and Revenue Growth
= 2%. The guaranteed bonus will be paid on October 1, 2005, and any increased
bonus amount based upon the achievement of corporate objectives will be paid by
November 30, 2005.

            (d) Signing Bonus. Executive shall be obligated to repay the full
amount of the $200,000 signing bonus that Executive received on December 31,
2004 (the "Prior Effective Date") if Executive voluntarily terminates his
employment within one (1) year of such date, unless Executive terminates his
employment as a result of Changed Circumstances or within one (1) year following
a Change in Control, as those terms are defined in Section 8.

            (e) Expenses. The Company shall, upon submission and approval of
written statements and bills in accordance with the then regular policies and
procedures of Company, reimburse Executive for any and all reasonable necessary,
customary and usual expenses incurred by him while traveling for or on behalf of
Company, and any and all other necessary, customary or usual expenses (including
entertainment) incurred by Executive for or on behalf of Company in the normal
course of business.

            (f) Perquisites. Executive will also be entitled to the following
additional benefits during the Term:

                  (i) Company Car Allowance. The Company will provide Executive
     with $14,000 per year for the purchase or lease of a vehicle.

                  (ii) Annual Physical Exam. The Company will reimburse
     Executive for the cost of any annual physical examination up to an amount
     of $1,500 per year.

                  (iii) Legal and Financial Planning. The Company will reimburse
     Executive for any costs and expenses incurred in relation to personal legal
     advice for estate planning and tax planning purposes or financial planning
     advice, in the aggregate for all planning up to an amount of $6,000 per
     year.

                  (iv) Health Club Fees. The Company will reimburse Executive
     for the cost of any health club membership obtained by Executive up to an
     amount of $1,500 per year.

            (g) Initial Stock Option Grant. As of the Prior Effective Date,
Executive was granted options to purchase 300,000 common shares of the Company.
The exercise price for these shares is the fair market value of the shares on
the date of grant. These options have a seven-year life, and vest and become
exercisable on each of the first three anniversaries of the grant date at a rate
of 33.3 % (100,000 shares) per year. Notwithstanding the foregoing, the options
to purchase the 300,000 common shares granted to Executive by the Company become
one-hundred percent (100%) vested upon termination of Executive's employment
without Cause in accordance with Section 8(a) during the Initial Term.
Notwithstanding the foregoing, all options granted to Executive by Company
become one-hundred percent (100% ) vested upon a

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Change in Control as defined in Section 8(e), or termination of Executive's
employment due to Disability in accordance with Section 8(c), due to Changed
Circumstances in accordance with Section 8(d) or due to death. Notwithstanding
the foregoing, with respect to subsequent option grants, upon termination of
Executive's employment without Cause in accordance with Section 8(a) or due to
expiration of a Term in accordance with Section 8(f), all options granted to
Executive by the Company will continue to vest during the period commencing on
the date of termination of Executive's employment and ending on the first
anniversary of such date and will continue to be exercisable until 90 days after
such first anniversary date; provided, however, that any such options will
become one-hundred percent (100%) vested upon a Change in Control as defined in
Section 8(e).

            (h) Restricted Stock Award. As of the Prior Effective Date,
Executive received a restricted stock award of 70,000 shares, of which (i)
35,000 shares shall vest on the third anniversary of the grant, and (ii) 35,000
shares will vest on achievement of performance-based benchmarks. For any of the
performance-based restricted shares to vest, the Company's revenue growth over a
three year period must exceed the 25th percentile of the initial Standard &
Poor's Mid-cap 400. Restrictions will lapse on a linear basis so that upon
achieving revenue growth matching the 50th percentile of the Standard & Poor's
Mid-cap 400, all restrictions will lapse. If growth exceeds the 50th percentile,
additional restricted shares will be awarded and restrictions will lapse on a
linear basis so that upon achieving revenue growth equal to or greater than the
75th percentile, two times the original number of performance-based shares will
be earned. In the event of a termination of Executive's employment without Cause
in accordance with Section 8(a) during the Initial Term, the time-based
restricted stock award of 35,000 shares set forth above will become fully vested
at the date of termination of Executive's employment and the performance-based
restricted stock award of 35,000 shares will vest as set forth in accordance
with the provisions in the last sentence below. In the event of a Change in
Control as defined in Section 8(e), all such restricted stock awards will become
fully vested immediately prior to such Change in Control. With respect to
subsequent restricted stock awards, in the event of a termination of Executive's
employment without Cause in accordance with Section 8(a) or due to expiration of
a Term in accordance with Section 8(f), the vesting of such restricted stock
awards shall continue for an additional one (1) year commencing on the date of
termination of Executive's employment and ending on the first anniversary of
such date (the "First Anniversary"), and the measurement period for any
performance-based stock awards will end on the First Anniversary and restricted
stock subject to such awards will become vested based upon the formula set forth
above but comparing the Company's revenue growth using the Company's quarterly
results most recently available prior to the First Anniversary compared to the
revenue growth of the Standard & Poor's Mid-cap 400 for the same quarterly
period. In the event of a termination of Executive's employment due to
Disability in accordance with Section 8(c), due to Changed Circumstances in
accordance with Section 8(d) or due to death, then: (i) time-based restricted
stock awards will become fully vested at such time; and (ii) the measurement
period for any performance-based stock awards will end at the date of
termination of Executive's active employment, and the restricted stock subject
to such awards will become vested based upon the formula set forth above but
comparing the Company's revenue growth using the Company's quarterly results
most recently available prior to such employment termination date compared to
the revenue growth of the Standard & Poor's Mid-cap 400 for the same quarterly
period.

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            (i) Other Stock Awards. Each December 1 during the Term, Executive
will be eligible for consideration for an annual restricted stock award
consisting of both time-based and performance-based shares, which shall vest
over a three-year period (the "Other Stock Awards"). Notwithstanding the
foregoing, in the event of a Change in Control as defined in Section 8(e), all
such Other Stock Awards (and any other equity based awards including any
restricted units and other restricted stock grants) will become fully vested
immediately prior to such Change in Control.

            (j) Vacation. Executive shall be entitled to five (5) weeks of paid
vacation per year.

         5. BENEFITS.

            (a) Executive will be entitled to participate in all of the various
employee benefit plans and programs of the Company, including its
Flexible/Medical/Vision/Dental Plan, 401(k) Savings Plan, and life insurance and
disability insurance plans. Executive agrees to purchase the maximum amount of
disability insurance coverage available under the Company's plan. Executive and
his spouse will be eligible to receive retiree medical benefits after five (5)
years of service pursuant to the Company's plan.

            (b) During the Term, the Company agrees to provide Executive with
additional disability insurance coverage beyond the maximum amounts purchased by
Executive under the Company's plan, which will provide Executive with up to
ninety percent (90%) of his Base Salary in the event that Executive becomes
temporarily disabled and is unable to perform his duties under this Agreement.

            (c) Notwithstanding anything contained herein to the contrary, the
Base Salary, as defined in Section 6(a)(i) below, shall be reduced by any
benefits paid to Executive by the Company under any disability plans made
available to Executive by the Company.

            (d) In addition to the basic life insurance provided to the
Company's other employees, the Company will provide Executive with life
insurance in the amount of $2,000,000 as long as Executive remains employed by
the Company.

            (e) The Company has amended its Retiree Medical Plan to provide only
for Executive that Executive and his spouse will become eligible to participate
in such plan after he has achieved five (5) years of active employment with the
Company or its Affiliates. In addition, the Company has agreed that it will pay
Executive's and Executive's spouse's cost to obtain COBRA coverage for 18 months
following termination of Executive's employment for any reason except
termination for Cause in accordance with Section 8(b).

            (f) During the Term and for the later of ten (10) years following
the end of the Term or the conclusion of any litigation, including all possible
appeals, for which such indemnifications may apply and such errors and omissions
insurance may provide coverage, Company will provide Executive with
indemnifications and coverage under an errors and omissions insurance policy
provided to other directors and officers of the Company or any successor.

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         6. RETIREMENT.

            (a) The following definitions will be applicable only to Section 6
of this Agreement, except as expressly provided herein:

                  (i) "Base Salary" shall mean the then-current annual base
     salary (exclusive of Bonuses) paid to Executive.

                  (ii) "Bonuses" shall mean bonus payments earned by Executive
     under any incentive compensation plans or future incentive compensation
     plans of the Company for its executive officers.

            (b) "Final Average Annual Compensation" shall mean the average of
Executive's Base Salary and Bonuses (excluding any compensation attributable to
stock options of any type granted by the Company and any compensation determined
by the Board to be a long-term incentive arrangement) for the three (3)
consecutive calendar years out of the prior five (5) calendar years that yield
the highest sum. For purposes of this calculation, the fifth prior calendar year
shall be the full or partial year in which Executive's active employment with
the Company terminates, and Base Salary and Bonuses for such year shall be
annualized. Notwithstanding the foregoing, for purposes of this calculation, if
Executive has been employed for less than five calendar years, "Final Average
Annual Compensation" shall be determined as set forth above for the greater of
(i) three consecutive calendar years or (ii) the period of time for which
Executive has been actively employed.Executive will be entitled to participate
in all qualified and nonqualified retirement plans which are available to other
senior officers of the Company and according to the terms of those plans. In
addition, Executive will be entitled to participate in a supplemental executive
retirement plan (the "SERP") put in place for Executive. Under this plan,
Executive shall be entitled to receive an annual retirement benefit equal to the
difference between (i) four percent (4%) of his Final Average Annual
Compensation multiplied by his years of service to the Company, and (ii) the
annual benefits payable to him under the Reynolds & Reynolds Retirement Plan
(the "Qualified Plan") and the Reynolds & Reynolds "Supplemental Plan" which
restores benefits lost under the Qualified Plan due to Code Section 415 and
401(a)(17) limits. For purposes of the calculation set forth in the immediately
preceding sentence, it shall be assumed that the benefits under the SERP,
Qualified Plan and Supplemental Plan begin when Executive's employment
terminates and are payable in the form of a single life annuity. Such SERP
benefit generally shall be payable in the form of a single life annuity for
Executive's life; provided, however, that if Executive is married at the time he
commences to receive benefits under this plan, his benefit will be paid in the
form of a 100% joint and survivor annuity for the lives of Executive and
Executive's spouse at the time Executive's benefits commence (if Executive's
spouse survives him) that is actuarially equivalent to the single life annuity.
Executive acknowledges that the annual payment under a 100% joint and survivor
annuity will be actuarially reduced compared to the annual payment that he would
otherwise have received if payment were in the form of a single life annuity.
Executive will commence to receive his SERP payments beginning whenever his
employment terminates, provided that, if such termination is prior to age
sixty-two (62), the amount of the benefits will be discounted by 4.8% per year
multiplied by the number of years difference between age sixty-two (62) and
Executive's age at the time of termination. To the extent permissible under
Section 409A of the Code and regulations thereunder, Executive may elect to
defer commencement of the receipt of

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SERP payments. If the commencement of SERP payments is so deferred, the payments
shall be increased to be the actuarial equivalent of the payments Executive
would have received commencing as of his employment termination date. For
purposes of this Section, a "year of service" shall mean each twelve (12) month
period or part thereof measured from the Effective Date of this Agreement in
which Executive works at least one thousand (1,000) hours, and actuarial
equivalence for a given purpose shall be determined using the most recent
actuarial assumptions that would be used for such purpose under the Qualified
Plan, provided, however, that any increase to reflect the deferred commencement
of benefits shall use the 4.8% per year factor for each applicable year prior to
age 62 instead of the Qualified Plan actuarial assumptions.

         7. NON-COMPETITION AND CONFIDENTIALITY.

            (a) Non-Competition.

               (i) In order to protect the Company, it is understood that a
     covenant not to compete is a necessary and appropriate adjunct to this
     Agreement. During Executive's employment and for a period of two (2) years
     from and after the date on which Executive's employment with the Company
     terminates for any reason and after he shall have ceased receiving
     retirement benefits (provided that such retirement benefits have begun to
     be paid during such two (2) year period), severance benefits or disability
     benefits, whichever shall be the last to occur, but in no event longer than
     five (5) years from and after termination of employment, Executive shall
     not compete with the Company. Executive shall be deemed to be competing
     with the Company if Executive: (1) calls on, solicits, takes away, accepts
     or attempts to do business in the "Restricted Business" (as defined below)
     with any person or entity that is presently a client or customer of the
     Company (or any of its related or affiliated entities) or about which
     Executive learned or had access to "Company Confidential Information" (as
     defined below) while a Company employee, except for the benefit of the
     Company; and/or (2) enters into or attempts to enter into any business
     engaged in the Restricted Business anywhere the Company does business
     (whether acting (alone or in association) as an agent, representative,
     consultant, officer, director, independent contractor, employee, owner,
     partner, limited partner, joint venturer, investor, creditor, stockholder
     or member); and/or (3) hires or attempts to hire for Executive's or
     person's behalf, any employee who is at the time of the hire or attempted
     hire an employee of the Company or any of its related or affiliated
     entities.

               (ii) For the purposes of this Agreement, the "Restricted
     Business" means: the provision of (1) information technology (including
     customer relationship management and web services) solutions or related
     services (including consulting, training, networking/communication and
     support services) to the Auto Industry, or (2) forms or other consumables
     to the Auto Industry. "Auto Industry" is intended to mean entities that are
     engaged in the manufacture, distribution, sale (retail or wholesale),
     short-term rental, extended-term lease or general or special service or
     repair of new or used automobiles, pickups, trucks, vans, motorcycles,
     recreational vehicles or other vehicles (including fleets) or the
     installation, repair, sale or distribution of parts or

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     accessories for new or used automobiles, pickups, trucks, vans,
     motorcycles, recreational vehicles or other vehicles, or boats.

               (iii) Executive specifically acknowledges and agrees that the
     geographic restriction on Executive's ability to compete with the Company,
     as set forth in this Agreement, is reasonable and necessary to protect the
     Company' business interests in the relevant market. Executive understands
     that the Company Confidential Information (as defined below) may be used to
     the Company's disadvantage should Executive work for or otherwise become
     associated with a competitor of the Company anywhere that the Company does
     business, regardless of the competitor's specific geographic location.

               (iv) Notwithstanding the foregoing, the following shall not
     constitute competing with the Company or any of its related or affiliated
     companies or a violation of any provision of this Agreement: (a) ownership
     of voting securities or other equity interests representing less than one
     percent (1%) of the voting power of an entity the securities of which are
     traded on a national or foreign securities exchange or in the
     over-the-counter market; or (b) following Executive's employment with the
     Company, employment in any capacity by an original equipment manufacturer,
     distributor, dealer group or supplier to an original equipment manufacturer
     engaged in the Auto Industry (individually, an "Auto Entity"), provided
     that Executive's employment is not with a supplier or distributor primarily
     engaged in the Restricted Business or with any Auto Entity's division,
     subsidiary (or affiliate of such subsidiary) or affiliate that engages
     directly in the Restricted Business.

            (b) Confidentiality.

               (i) "Company Confidential Information" includes, among other
     things:

               (1) any information relating to the Company's financial position,
business operations, plans or strategies, research and development and
personnel;

               (2) the names of the Company's actual or prospective customers
and the nature of the Company's relationships (including types, prices and
amounts of products acquired or anticipated to be acquired from the Company)
with such customers, including specific individuals employed by customers,
compiled in a format such as an account record card, customer buying patterns,
group run concepts and combination ordering patterns of the Company's customers,
information related to, for instance, special needs, sizes, ink, thickness,
paper type for particular applications of the Company's customers, information
related to value added services provided by the Company to its customers,
information related to targeted and/or anticipated product or service needs of
the Company's customers and the policies and/or business practices of the
Company's customers;

               (3) sales, marketing, operational and product development plans
and forecasts, including identification of the Company's most profitable
customer accounts and service/product lines, information related to vendors used
by the Company to service the

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Company's customers, creativity concepts on multiple location accounts developed
or implemented by the Company and the Company's production costs;

               (4) non-public price lists and sales volume and other
information, including the prices at which the Company sells products or
services to particular customers or customer groups;

               (5) the Company's various computer systems and information
technology, as such systems and technology may exist from time to time,
including without limitation, computer and related equipment, computer programs
(whether identified as software, firmware or other and on whatever media),
databases, documentation, manuals, hardware and software support systems and
methods, techniques or algorithms of organizing or applying the same;

               (6) developments, improvements, inventions and processes that are
or may be produced in the course of the Company's operations;

               (7) confidential and private matters of the Company's customers
and potential customers submitted to the Company for handling and processing;

               (8) any information licensed to the Company on a confidential
basis from third parties for the Company's own internal use and/or for
sublicense to end users; and

               (9) any other information, not generally known, concerning the
Company or its operations, products, personnel, customers or business, acquired,
disclosed or made known to Executive while in the employ of the Company which,
if used or disclosed other than in the performance of Executive's job duties for
the Company, could with reasonable possibility adversely affect the business of
the Company or give to a competitor a competitive advantage.

               (ii) Executive will not, during Executive's employment with the
     Company or following termination of employment for any reason, use for
     Executive's own benefit or, without the prior written consent of the
     Company, disclose to any person (other than in the ordinary conduct of the
     Company's business) any Company Confidential Information. Executive
     acknowledges and agrees that Executive's obligations not to disclose any
     Company Confidential Information, as that term is defined herein or
     otherwise under the law, is in addition to any obligation Executive has
     pursuant to (i) any other agreement Executive has entered into or may in
     the future enter into with the Company; and (ii) any applicable law. The
     restrictions set forth in this Section 7(b) shall not be applicable (i)
     with respect to any information that is either known to or could readily be
     determined by third parties, or (ii) with respect to any disclosure
     Executive is required to provide in connection with litigation, government
     investigations or any other legal process, provided that Executive provides
     the Company with prompt notice of its disclosure obligations so that the
     Company may seek an appropriate protective order or other appropriate
     remedy.

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            (c) Ownership of Inventions.

                  (i) Executive will fully and completely disclose to the
     Company during Executive's employment with the Company any inventions,
     ideas, works of authorship and other trade secrets or confidential and
     proprietary information made, developed and/or conceived by Executive alone
     or jointly with others arising out of or relating to Executive's employment
     by the Company.

                  (ii) Executive agrees that any inventions, ideas or original
     works of authorship, in whole or in part conceived or made by Executive,
     which are made through the use of any Company Confidential Information or
     any Company equipment, facilities, supplies or time, which relate to the
     Company's business or the Company's actual or demonstrably anticipated
     research and development, or which resulted or result from any work
     performed by Executive for the Company, shall belong exclusively to the
     Company and shall be deemed the Company's Confidential Information whether
     or not fixed in a tangible medium of expression. Without limiting the
     foregoing, Executive agrees that any such original works of authorship
     shall be deemed to be "works made for hire" and that the Company shall be
     deemed the author thereof under the U.S. Copyright Act. In any event,
     Executive hereby irrevocably assigns and transfers to the Company all
     rights, title and interest in such works, including, but not limited to,
     copyrights.

                  (iii) Executive hereby assigns to the Company, its successors
     or assigns, any and all inventions, patents and rights in patents, and
     applications for patents both in the United States and in any foreign
     country, in connection with any of Executive's inventions, improvements or
     developments, whether existing now or created in the future, and to do any
     and all acts, and to execute any and all instruments, which the Company may
     request to secure to itself, its successors or assigns, all rights relating
     to such inventions or improvements or developments or patents or
     applications in the United States or in any foreign country, including the
     right to file in the Company's name.

         (d) Return of Materials. Within three (3) business days following the
termination of employment, in any manner or for any reason, Executive will
promptly return to the Company all Company equipment and other property in
Executive's possession, custody or control including, but not limited to,
documents and any copies of documents pertaining to Company Confidential
Information.

         (e) Breach. In the event of a material breach by Executive of his
obligations under Section 7 of this Agreement (as modified by Section 8(e)
hereof), all of the Company's obligations to provide additional compensation or
benefits set forth in Section 8 under this Agreement shall cease.

      8. TERMINATION.

         (a) Termination or Discharge Without Cause.

                  (i) The Company reserves the right to discharge Executive at
     any time and for any reason; but, subject to the express terms of the other
     subsections of this Section 8 regarding discharge and termination of
     employment, upon a discharge or

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     termination of Executive's employment by the Company without Cause,
     Executive shall be entitled to the following severance benefits, provided
     that Executive executes, delivers to the Company and does not rescind a
     waiver of claims substantially in the form attached as Exhibit A hereto
     (the "Release"):

                  (1) No later than 10 days following the date of termination of
Executive's employment, a Bonus for the year in which termination occurs (the
"Terminating Year") equal to the Target Annual Bonus for such year, multiplied
by a fraction, the numerator of which is the number of days Executive was
employed during the Terminating Year and the denominator of which is 365 (the
"Pro-Rata Target Bonus"). If a Target Annual Bonus has not been established for
the Terminating Year, the "Target Annual Bonus" shall mean the prior year's
Target Annual Bonus for purposes of this Section 8.

                  (2) No later than 10 days following the date of termination of
Executive's employment, a lump sum cash payment in an amount equal to: (i) two
(2) times the scheduled Base Salary in the Terminating Year plus (ii) two (2)
times the sum of the greater of (x) the Target Annual Bonus or the (y) the
average of the annual Bonus (excluding any compensation attributable to stock
options of any type granted by the Company and any compensation determined by
the Board to be a long-term incentive arrangement) for each of the three (3)
fiscal years ended immediately prior to the date of termination, or if Executive
has received an annual Bonus in fewer than the three (3) fiscal years prior to
termination, the average will be based on the annual Bonus received for each
fiscal year prior to the date of termination in which Executive received an
annual bonus, with any partial year bonus annualized for purposes of this
provision (the greater of (x) or (y) to be defined as the "Reference Bonus").

                  (3) Executive's benefits under the Supplemental Plan,
calculated as though Executive had remained actively employed by the Company for
an additional two (2) years.

                  (4) Continuation of medical and dental benefits to the extent
that Executive is entitled to receive such benefits under the Company's retiree
medical plan and subject to the terms and conditions of such plan.

                  (ii) In the event of termination of employment under this
     Section 8(a), Executive shall be subject to and bound by all of the
     restrictive provisions of Section 7 above. Executive shall not be required
     to seek other employment or to take other actions to mitigate any damages
     suffered by the Company nor shall any compensation received by Executive
     from any other sources reduce any payments or benefits to which he is
     entitled under this Agreement.

              (b) Discharge For Cause.

                  (i) If Executive's employment with the Company is terminated
     by a Discharge For Cause, regardless of whether such Discharge For Cause
     occurs after the occurrence of any of the events set forth in Sections 8(d)
     or 8(e) below, he shall be entitled to receive only his Base Salary and any
     other payments or reimbursements due under this Agreement up to the date of
     his discharge and no further payments hereunder

                                       11
<PAGE>

     shall be required from the Company; provided, however, that Executive shall
     be entitled to receive his benefits, if any, under the pension plan and the
     supplemental plan in accordance with the terms of the respective plan
     documents.

                  (ii) In the event of termination of employment under this
     Section 8(b), Executive acknowledges that he shall remain subject to and
     bound by the restrictive provisions of Section 7 above.

                  (iii) In the event Executive disagrees that Executive's
     discharge was a Discharge For Cause, such claim shall be submitted to
     arbitration in accordance with Section 14 below.

                  (iv) "Discharge For Cause" shall be construed to have occurred
     whenever occasioned by (a) reason of actions by Executive which are
     felonious, involve moral turpitude or other material misconduct by
     Executive, in each case, which has diminished or has a reasonably
     foreseeable risk of diminishing either the Company's reputation or
     Executive's ability to act on the Company's behalf, or (b) material breach
     of Section 7 of this Agreement. The Company shall provide written notice to
     Executive detailing the grounds and facts in support thereof for the
     Company claim that cause exists under this provision, and Executive shall
     have thirty days from the date of that notice to remedy the cause to the
     reasonable satisfaction of the Company. Following a Change in Control, as
     defined in Section 8(e), the cessation of employment of Executive shall not
     be deemed to be a Discharge For Cause unless and until there shall have
     been delivered to Executive a copy of a resolution duly adopted by the
     affirmative vote of not less than three-quarters of the entire membership
     of the Board or, if the Company is no longer publicly traded on an
     established securities market and any parent of the Company is publicly
     traded, the board of directors of such parent(s) of the Company (excluding
     Executive, if Executive is a member of such board) at a meeting of such
     board called and held for such purpose (after reasonable notice is provided
     to Executive and Executive is given an opportunity, together with counsel
     for Executive, to be heard before the board), finding that, in the good
     faith opinion of the board, Executive is guilty of the conduct described in
     Section 8(b)(iv)(a) or 8(b)(iv)(b), and specifying the particulars thereof
     in detail.

           (c) Termination Due To Disability.

                  (i) If, by reason of illness, disability, or other incapacity
     certified by two (2) physicians competent to do so in the opinion of the
     Board and reasonably acceptable to Executive or his legal representative,
     Executive is unable to perform the duties required of him under this
     Agreement for a period of six (6) consecutive months, the Company,
     following the giving of thirty (30) days written notice to Executive and
     the failure of Executive by reason of illness, disability, or other
     incapacity to resume his duties within such thirty (30) days and thereafter
     perform the same for a period of two (2) consecutive months, the Company
     may terminate Executive's employment by giving him written notice thereof.
     Executive shall cooperate with the Company and the physicians appointed by
     the Company and submit to reasonable medical examinations. If information
     is provided to any member of the Board about Executive's

                                       12

<PAGE>

     medical condition in connection with the Board's assessment of Executive's
     capacity hereunder, it shall be accompanied by a reminder that such
     information should be treated as confidential.

                  (ii) Provided that Executive delivers to the Company and does
     not rescind the Release, Executive shall be entitled to:

                  (1) No later than 10 days following the date of termination of
Executive's employment, a Pro-Rata Target Bonus for the Terminating Year.

                  (2) An annual disability benefit equal to ninety percent (90%)
of his Base Salary. The disability benefit shall be provided through the then
existing Company-sponsored disability plan with the Company making any
additional contributions as may be necessary to pay Executive the required
amount. The disability benefit, including any Company-required contribution,
shall be paid so long as and on the same terms and conditions as the payments
being made under the Company-sponsored disability plan.

                  (3) Executive's benefits under the Supplemental Plan
calculated as though Executive had remained employed by the Company for an
additional two (2) years after his active employment ended due to his
disability.

                  (4) Full vesting under any stock option or time-based
restricted stock awards provided to Executive and determination of vesting under
any performance-based restricted stock awards pursuant to the provisions of
applicable plans.

                  (iii) In the event of termination of employment under this
     Section 8(c), Executive acknowledges that he shall remain subject to and
     bound by the restrictive provisions of Section 7 above. Executive shall not
     be required to seek other employment or to take other actions to mitigate
     any damages suffered by the Company nor shall any compensation received by
     Executive from any other sources reduce any payments or benefits to which
     he is entitled under this Agreement.

            (d) Benefits Upon Termination Following Changed Circumstances.

                  (i) If Executive voluntarily terminates his employment within
     eighteen (18) months after the occurrence of any of the following events:

                  (1) Executive is required by the Company, prior to a Change in
Control, to perform duties or services which differ significantly from those
performed by him on the Effective Date hereof or which are not ordinarily and
generally performed by a Chief Executive Officer of a corporation similar in
size and scope to the Company or there is a diminution of Executive's authority
or responsibility;

                  (2) The nature of the duties or services which the Company,
prior to a Change in Control, requires him to perform necessitates absence
overnight from his place of residence on the Effective Date hereof, because of
travel involving the business or affairs of the Company, for more than ninety
(90) days during any period of twelve (12) consecutive months;

                                       13

<PAGE>

                  (3) Executive no longer is a Director of the Company (except
as a result of Executive's death, resignation or removal pursuant to O.R.C. Sec.
1701.58) or Executive is required to report to some person or entity other than
the Board; or

                  (4) Default by the Company in the payment of any sum, the
provision of any benefit, or the grant of any stock option or restricted stock
award as required by this Agreement.

                  (ii) Then, provided that Executive delivers to the Company and
     does not rescind the Release, Executive shall be entitled to:

                  (1) No later than 10 days following the date of termination of
Executive's employment, a lump sum cash payment in an amount equal to: (i) two
(2) times the scheduled Base Salary in the year in which termination occurs plus
(ii) two (2) times the Reference Bonus.

                  (2) Executive's benefits under the Supplemental Plan,
calculated as though Executive had remained actively employed by the Company for
an additional two (2) years.

                  (3) Continuation of medical and dental benefits to the extent
that Executive is entitled to receive such benefits under the Company's retiree
medical plan and subject to the terms and conditions of such plan.

                  (4) Full vesting under any stock option or time-based
restricted stock awards provided to Executive and determination of vesting under
any performance-based restricted stock awards pursuant to the provisions of
applicable plans.

                  (5) No later than 10 days following the date of termination of
Executive's employment, a Pro-Rata Target Bonus for the Terminating Year.

                  (iii) In the event of termination of employment under this
     Section 8(d), Executive shall be subject to and bound by all of the
     restrictive provisions of Section 7 above. Executive shall not be required
     to seek other employment or to take other actions to mitigate any damages
     suffered by the Company nor shall any compensation received by Executive
     from any other sources reduce any payments or benefits to which he is
     entitled under this Agreement.

            (e) Benefits Upon a Change In Control.

                  (i) The Company recognizes that the threat of a Change in
     Control would be of significant concern to Executive. The following
     provisions provide termination protection for Executive in the event of a
     Change in Control. These provisions, among other purposes, are intended to
     foster and encourage Executive's continued attention and dedication to his
     duties in the event of such potentially disturbing and disruptive
     circumstances. For purposes of this Section 8(e), Good Reason means that
     following a Change in Control (A) Executive's Base Salary and Target Annual
     Bonus are reduced below the amount of such Base Salary and Target Annual
     Bonus in effect

                                       14

<PAGE>

     immediately preceding the Change in Control without Executive's written
     consent; (B) Executive's benefits or fringe benefits (including bonuses,
     vacation, health and disability insurance, etc.) cease to be substantially
     equivalent to those in effect immediately preceding the Change in Control
     without Executive's written consent; (C) Executive is required to perform,
     or is assigned, by the Company or any successor any duties or services
     which are inconsistent in any respect with Executive's position (including
     status, offices, titles and reporting requirements), authority, duties or
     responsibilities, or which are not ordinarily and generally performed by a
     Chief Executive Officer of a corporation similar in size and scope to the
     Company or there is a diminution of his position, authority, duties,
     responsibility or reporting responsibility (in each case whether or not
     occurring solely as a result of the Company's ceasing to be a publicly
     traded entity or becoming a subsidiary), excluding for this purpose an
     isolated, insubstantial and inadvertent action not taken in bad faith and
     that is remedied by the Company promptly after receipt of notice thereof
     given by Executive; (D) the nature of the duties or services which the
     Company or any successor requires him to perform necessitates absence
     overnight from his place of residence prior to the Change in Control,
     because of travel involving the business affairs of the Company, for more
     than ninety (90) days during any period of twelve (12) consecutive months;
     (E) Executive is required to be based at a location other than the
     principal executive offices of the Company if Executive was employed at
     such location immediately preceding the date of such Change in Control; (F)
     Executive's principal place of employment is relocated in excess of fifty
     (50) miles from Dayton, Ohio; or (G) any failure by the Company to comply
     with and satisfy Section 10.

Prior to terminating employment for Good Reason, Executive may request in
Executive's sole discretion a determination by final and binding arbitration in
accordance with Section 14 below of whether Good Reason exists. If the
arbitrator determines that Good Reason does not exist, Executive may continue
employment without prejudice.

For purposes of this Section 8(e)(i), any good faith determination of "Good
Reason" made by Executive shall be conclusive. Executive's mental or physical
incapacity following the occurrence of an event described in clauses (A) through
(G) shall not affect Executive's ability to terminate employment for Good
Reason.

                  "Change in Control" shall mean the occurrence of any of the
     following:

                  (1) The acquisition by any individual, entity or group (within
the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of
1934, as amended (the "Exchange Act")) (a "Person") of beneficial ownership
(within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or
more of either (i) the then outstanding shares of common stock of the Company
(the "Outstanding Company Common Stock") or (ii) the combined voting power of
the then outstanding voting securities of the Company entitled to vote generally
in the election of directors (the "Outstanding Company Voting Securities");
provided, however, that for purposes of this subsection (a), the following
acquisitions shall not constitute a Change in Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by Richard H. Grant, Jr., his children or his grandchildren,(iv) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company or (v)
any acquisition by any

                                       15
<PAGE>

corporation pursuant to a transaction which complies with clauses (i), (ii) and
(iii) of subsection (3) of this Section 8(e)(i);

                  (2) Individuals who, as of the date hereof, constitute the
Board (the "Incumbent Board") cease for any reason to constitute at least a
majority of the Board, provided that any individual becoming a director
subsequent to the date hereof whose election, or nomination for election by the
Company's shareholders, was approved by a vote of at least a majority of the
directors then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office is in connection
with an actual or threatened election contest or other actual or threatened
solicitation of proxies or consents by or on behalf of a Person other than the
Board;

                  (3) Consummation by the Company of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the
assets of the Company, the acquisition of assets of another corporation, a
statutory share exchange or other similar transactions (a "Corporate
Transaction"), in each case, unless, following such Corporate Transaction, (i)
all or substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such Corporate Transaction
beneficially own, directly or indirectly, more than 50% of, respectively, the
then outstanding shares of common stock and the combined voting power of the
then outstanding voting securities entitled to vote generally in the election of
directors, as the case may be, of the corporation resulting from such Corporate
Transaction (including, without limitation, a corporation which as a result of
such transaction owns the Company or all or substantially all of the Company's
assets either directly or through one or more subsidiaries) in substantially the
same proportions as their ownership, immediately prior to such Corporate
Transaction of the Outstanding Company Common Stock and Outstanding Company
Voting Securities, as the case may be, (ii) no Person (excluding (1) Richard H.
Grant, Jr., his children or his grandchildren or (2) any employee benefit plan
(or related trust) of the Company or such corporation resulting from such
Corporate Transaction) beneficially owns, directly or indirectly, 20% or more
of, respectively, the then outstanding shares of common stock of the corporation
resulting from such Corporate Transaction or the combined voting power of the
then outstanding voting securities of such corporation except to the extent that
such ownership existed prior to the Corporate Transaction and (iii) at least a
majority of the members of the board of directors of the corporation resulting
from such Corporate Transaction were members of the Incumbent Board at the time
of the execution of the initial agreement, or at the time of the action of the
Board, providing for such Corporate Transaction;

                  (4) Approval by the shareholders of the Company of a complete
liquidation or dissolution of the Company.

                  (ii) If (A) within the twenty-four (24) month period following
     a Change in Control, either the Company terminates Executive's employment
     for any reason other than a Discharge For Cause, or if Executive terminates
     his employment with the Company for Good Reason or (B) a Change in Control
     occurs and if Executive's employment with the Company is terminated by the
     Company other than for a Discharge

                                       16

<PAGE>

     For Cause prior to the date on which the Change in Control occurs (in which
     case the Change in Control will be deemed to have occurred immediately
     prior to the date of such termination for purposes of this Agreement), and
     if it is reasonably demonstrated by Executive that such termination of
     employment (1) was at the request of a third party that has taken steps
     reasonably calculated to effect a Change in Control or (2) otherwise arose
     in connection with or anticipation of a Change in Control, provided that,
     in each case, Executive delivers to the Company and does not rescind the
     Release, Executive shall be entitled to receive from the Company the
     following benefits:

                  (1) No later than 10 days following the date of termination of
Executive's employment, a lump sum severance payment (the "Severance Payment"),
in cash, equal to 2.99 times the sum of (i) Executive's annual Base Salary in
effect immediately prior to the occurrence of the event or circumstance upon
which such termination of employment is based or in effect immediately prior to
the Change in Control (whichever is higher), and (ii) the Reference Bonus.

                  (2) Executive shall be entitled, during the period expiring on
the earlier of his securing other employment or thirty-six months from the date
of such termination of employment, to continued coverage under the
Company-sponsored medical benefits program in existence on such date of
termination or, if such continued coverage is barred, or otherwise at the option
of the Company, the Company shall provide substantially equivalent medical
benefit coverage (including with respect to the tax impact upon Executive)
through the purchase of insurance or otherwise (at substantially equivalent cost
to Executive).

                  (3) No later than 10 days following the date of termination of
Executive's employment, a Pro-Rata Target Bonus for the Terminating Year.

                  (4) Executive's benefits under the SERP and Supplemental Plan
as contemplated by Section 6 shall be calculated as though Executive had
remained employed by the Company for the three (3) year period following such
termination of employment (it being understood that upon a termination of the
Employee's employment under this Section 8(e) such three year period will be the
number of years (without duplication) credited pursuant to Section 9(a)(ii) of
the Supplemental Plan (or any applicable successor provision of the Supplemental
Plan or any applicable successor plan) or any similar provision of the SERP.
Notwithstanding anything to the contrary in any Supplemental Plan or the SERP,
Executive shall not be subject to any minimum service requirement in the
Supplemental Plan or the SERP. For the avoidance of doubt, in no event will the
Severance Payment (as defined below) or the Gross-Up Payment (as defined below)
be included in Executive's earnings for the purpose of calculating Executive's
benefit under the SERP or the Supplemental Plan.

                  (5) Executive shall be reimbursed for up to twenty thousand
dollars ($20,000) for outplacement fees if he chooses to seek other employment
following his discharge by the Company.

                  (6) The benefits provided in this Section 8(e) shall be in
lieu of, and not in addition to, any other benefits provided under this
Agreement.

                                       17

<PAGE>

                  (iii) Effective upon a Change in Control, Executive's rights
     under the Company's relocation policy then in effect, including any addenda
     thereto (the "Relocation Policy") shall become irrevocable, provided that,
     in addition to any such rights under the Relocation Policy (a) Executive
     shall not be required to reimburse the Company or any successor thereto for
     any amounts that Executive has or is otherwise entitled to receive pursuant
     to the Relocation Policy and (b) the Company or any successor thereto shall
     make Executive whole with respect to any expenses incurred by Executive due
     to any relocation (whether or not consummated), including any applicable
     tax gross-ups.

                  (iv) In the event of termination of employment under this
     Section 8(e), Executive shall not be subject to the restrictive provisions
     of Section 7(a) above. Executive shall not be required to seek other
     employment or to take other actions to mitigate any damages suffered by the
     Company nor shall any compensation received by Executive from any other
     sources reduce any payments or benefits to which he is entitled under this
     Agreement. The Company's obligation to make the payments provided for in
     this Agreement and otherwise to perform its obligations hereunder shall not
     be affected by any set-off, counterclaim, recoupment, defense, or other
     claim, right or action that the Employer may have against Executive or
     others.

                  (v) The Company or the consolidated, surviving or transferee
     entity in the event of a consolidation, merger or sale of assets, shall pay
     as incurred (within 10 days following the Company's receipt of an invoice
     from Executive), to the full extent permitted by law, all legal fees and
     expenses that Executive may reasonably incur as a result of any contest,
     including, without limitation, any arbitration pursuant to the provisions
     of Section 8(e)(i) of this Agreement, (regardless of the outcome thereof)
     by the Company, Executive or others with respect to the enforcement of
     Executive's rights under this Section 8(e) or under any plan for the
     benefit of employees of the Company, including without limitation the stock
     option plan, pension plans, payroll-based stock ownership plan, tax
     deferred savings and protection plan, bonus arrangements, supplemental
     pension plan, deferred compensation agreements, incentive compensation
     plans, and life insurance and compensation program; provided, however, that
     Executive shall be required to reimburse the Company or such consolidated,
     surviving or transferee entity, for the cost of such legal fees and
     expenses if Executive is deemed by the arbitrator or court, as the case may
     be, to have brought or defended such contest in bad faith.

            (f) Termination Upon Expiration of a Term.

                  (i) The Company may choose not to renew and thereby terminate
     the Agreement at the end of the Initial Term or any extension of the Term
     by providing written notice to Executive of its intention not to renew the
     Agreement at least 180 days prior to the end of any such Term; provided,
     however, that in the event of non-renewal pursuant to this provision,
     Executive will be paid the severance amounts and benefits set forth in
     Section 8(a) above.

                  (ii) Executive may choose not to renew and thereby terminate
     the Agreement at the end of the Initial Term or any extension of the Term
     by providing

                                       18
<PAGE>

     written notice to the Company at least 180 days prior to the end of any
     such Term; provided, however, that, in the event of non-renewal pursuant to
     this provision, Executive shall be entitled to receive only his Base
     Salary, a Pro-Rata Target Bonus for the Terminating Year and any other
     benefits and reimbursements up to the date of his termination and no
     further payments hereunder shall be required from the Company; provided,
     however, that Executive shall be entitled to receive his benefits, if any,
     under the Qualified Plan, the Supplemental Plan and any other benefit plan
     in accordance with the terms of the respective plan documents.

                  (iii) In the event of termination of employment under this
     Section 8(f), Executive acknowledges that he shall remain subject to and
     bound by the restrictive provisions of Section 7 above. Executive shall not
     be required to seek other employment or to take other actions to mitigate
     any damages suffered by the Company nor shall any compensation received by
     Executive from any other sources reduce any payments or benefits to which
     he is entitled under this Agreement.

            (g) Section 409A of the Code. The benefits provided under this
Agreement, including without limitation the SERP provided under Section 6(b) and
any severance pay provided under Section 8, shall comply with Section 409A of
the Code and the regulations thereunder. To the extent so required in order to
comply with Section 409A of the Code, amounts and benefits to be paid or
provided under this Agreement shall be paid or provided to Executive in a single
lump sum on the first business day after the date that is six months following
the date of termination of Executive's employment. To the extent that
Executive's entitlement to continued coverage under the Company's health and
welfare benefit plans is so delayed, (i) Executive shall be entitled to COBRA
continuation coverage under Section 4980B of the Code ("COBRA Coverage") during
such period of delay, (ii) the Company shall reimburse Executive for any Company
portions of such COBRA Coverage in the seventh month following the Date of
Termination and (iii) such continued coverage shall begin in the seventh month
following the Date of Termination.

         9. CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY.

            (a) Anything in this Agreement to the contrary notwithstanding and
except as set forth below, in the event it shall be determined that any Payment
would be subject to the Excise Tax, then Executive shall be entitled to receive
an additional payment (the "Gross-Up Payment") in an amount such that, after
payment by Executive of all taxes (and any interest or penalties imposed with
respect to such taxes), including, without limitation, any income taxes (and any
interest and penalties imposed with respect thereto) and Excise Tax imposed upon
the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal
to the Excise Tax imposed upon the Payments. Notwithstanding the foregoing
provisions of this Section 9(a), if it shall be determined that Executive is
entitled to the Gross-Up Payment, but that the Parachute Value of all Payments
does not exceed 110% of the Safe Harbor Amount, then no Gross-Up Payment shall
be made to Executive and the amounts payable under this Agreement shall be
reduced so that the Parachute Value of all Payments, in the aggregate, equals
the Safe Harbor Amount. The reduction of the amounts payable hereunder, if
applicable, shall be made by first reducing the payments under Section
8(e)(ii)(1), unless an alternative method of reduction is elected by Executive,
and in any event shall be made in such a manner as to

                                       19
<PAGE>

maximize the Value of all Payments actually made to Executive. For purposes of
reducing the Payments to the Safe Harbor Amount, only amounts payable under this
Agreement (and no other Payments) shall be reduced. If the reduction of the
amount payable under this Agreement would not result in a reduction of the
Parachute Value of all Payments to the Safe Harbor Amount, no amounts payable
under the Agreement shall be reduced pursuant to this Section 9(a). The
Company's obligation to make Gross-Up Payments under this Section 9 shall not be
conditioned upon termination of Executive's employment.

            (b) Subject to the provisions of Section 9(c), all determinations
required to be made under this Section 9, including whether and when a Gross-Up
Payment is required, the amount of such Gross-Up Payment and the assumptions to
be utilized in arriving at such determination, shall be made by
PricewaterhouseCoopers LLP, or such other nationally recognized certified public
accounting firm as may be designated by Executive (the "Accounting Firm"). The
Accounting Firm shall provide detailed supporting calculations both to the
Company and Executive within 15 business days of the receipt of notice from
Executive that there has been a Payment or such earlier time as is requested by
the Company. In the event that the Accounting Firm is serving as accountant or
auditor for the individual, entity or group effecting the Change in Control,
Executive may appoint another nationally recognized accounting firm to make the
determinations required hereunder (which accounting firm shall then be referred
to as the Accounting Firm hereunder). All fees and expenses of the Accounting
Firm shall be borne solely by the Company. Any Gross-Up Payment, as determined
pursuant to this Section 9, shall be paid by the Company to Executive within 5
days of the receipt of the Accounting Firm's determination. Any determination by
the Accounting Firm shall be binding upon the Company and Executive. 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
Gross-Up Payments that will not have been made by the Company should have been
made (the "Underpayment"), consistent with the calculations required to be made
hereunder. In the event the Company exhausts its remedies pursuant to Section
9(c) and Executive thereafter is required to make a payment of any Excise Tax,
the Accounting Firm shall determine the amount of the Underpayment that has
occurred and any such Underpayment shall be promptly paid by the Company to or
for the benefit of Executive.

            (c) Executive shall notify the Company in writing of any claim by
the Internal Revenue Service that, if successful, would require the payment by
the Company of the Gross-Up Payment. Such notification shall be given as soon as
practicable, but no later than 10 business days after Executive is informed in
writing of such claim. Executive shall apprise the Company of the nature of such
claim and the date on which such claim is requested to be paid. Executive shall
not pay such claim prior to the expiration of the 30-day period following the
date on which Executive gives such notice to the Company (or such shorter period
ending on the date that any payment of taxes with respect to such claim is due).
If the Company notifies Executive in writing prior to the expiration of such
period that the Company desires to contest such claim, Executive shall:

                  (1) give the Company any information reasonably requested by
the Company relating to such claim,

                  (2) take such action in connection with contesting such claim

                                       20
<PAGE>

as the Company shall reasonably request in writing from time to time, including,
without limitation, accepting legal representation with respect to such claim by
an attorney reasonably selected by the Company,

                  (3) cooperate with the Company in good faith in order
effectively to contest such claim, and

                  (4) permit the Company to participate in any proceedings
relating to such claim;

provided, however, that the Company shall bear and pay directly all costs and
expenses (including additional interest and penalties) incurred in connection
with such contest, and shall indemnify and hold Executive harmless, on an
after-tax basis, for any Excise Tax or income tax (including interest and
penalties) imposed as a result of such representation and payment of costs and
expenses. Without limitation on the foregoing provisions of this Section 9(c),
the Company shall control all proceedings taken in connection with such contest,
and, at its sole discretion, may pursue or forgo any and all administrative
appeals, proceedings, hearings and conferences with the applicable taxing
authority in respect of such claim and may, at its sole discretion, either pay
the tax claimed to the appropriate taxing authority on behalf of Executive and
direct Executive to sue for a refund or contest the claim in any permissible
manner, and Executive agrees to prosecute such contest to a determination before
any administrative tribunal, in a court of initial jurisdiction and in one or
more appellate courts, as the Company shall determine; provided, however, that,
if the Company pays such claim and directs Executive to sue for a refund, the
Company shall indemnify and hold Executive harmless, on an after-tax basis, from
any Excise Tax or income tax (including interest or penalties) imposed with
respect to such payment or with respect to any imputed income in connection with
such payment; and provided, further, that any extension of the statute of
limitations relating to payment of taxes for the taxable year of Executive with
respect to which such contested amount is claimed to be due is limited solely to
such contested amount. Furthermore, the Company's control of the contest shall
be limited to issues with respect to which the Gross-Up Payment would be payable
hereunder, and Executive shall be entitled to settle or contest, as the case may
be, any other issue raised by the Internal Revenue Service or any other taxing
authority.

            (d) If, after the receipt by Executive of a Gross-Up Payment or
payment by the Company of an amount on Executive's behalf pursuant to Section
9(c), Executive becomes entitled to receive any refund with respect to the
Excise Tax to which such Gross-Up Payment relates or with respect to such claim,
Executive shall (subject to the Company's complying with the requirements of
Section 9(c), if applicable) promptly pay to the Company the amount of such
refund (together with any interest paid or credited thereon after taxes
applicable thereto). If, after payment by the Company of an amount on
Executive's behalf pursuant to Section 9(c), a determination is made that
Executive shall not be entitled to any refund with respect to such claim and the
Company does not notify Executive in writing of its intent to contest such
denial of refund prior to the expiration of 30 days after such determination,
then the amount of such payment shall offset, to the extent thereof, the amount
of Gross-Up Payment required to be paid.

            (e) Notwithstanding any other provision of this Section 9, the
Company may, in its sole discretion, withhold and pay over to the Internal
Revenue Service or any other

                                       21

<PAGE>

applicable taxing authority, for the benefit of Executive, all or any portion of
any Gross-Up Payment, and Executive hereby consents to such withholding.

            (f) Definitions. The following terms shall have the following
meanings for purposes of this Section 9.

            (1) "Excise Tax" shall mean the excise tax imposed by Section 4999
of the Code, together with any interest or penalties imposed with respect to
such excise tax.

            (2) "Parachute Value" of a Payment shall mean the present value as
of the date of the change of control for purposes of Section 280G of the Code of
the portion of such Payment that constitutes a "parachute payment" under Section
280G(b)(2), as determined by the Accounting Firm for purposes of determining
whether and to what extent the Excise Tax will apply to such Payment.

            (3) A "Payment" shall mean any payment or distribution in the nature
of compensation (within the meaning of Section 280G(b)(2) of the Code) to or for
the benefit of Executive, whether paid or payable pursuant to this Agreement or
otherwise.

            (4) The "Safe Harbor Amount" means 2.99 times Executive's "base
amount," within the meaning of Section 280G(b)(3) of the Code.

            (5) "Value" of a Payment shall mean the economic present value of a
Payment as of the date of the change of control for purposes of Section 280G of
the Code, as determined by the Accounting Firm using the discount rate required
by Section 280G(d)(4) of the Code.

         10. ASSIGNMENT OF RIGHTS AND DUTIES. This Agreement and Executive's
rights and obligations hereunder may not be assigned by Executive. The Company
shall assign the Company's rights and duties hereunder to any person, firm,
corporation or other business entity that succeeds to substantially all of the
assets and operations of the Company. This Agreement shall not be terminated by
any merger in which Company is not the surviving or resulting corporation, or on
any transfer of all or substantially all of Company's assets. In the event of
any such merger or transfer of assets, the provisions of this Agreement shall be
binding on and inure to the benefit of the surviving business entity or the
business entity to which such assets shall be transferred.

         11. PRIOR EMPLOYMENT. Executive represents to the best of his knowledge
that he is under no binding obligation that would prevent him from entering into
this Agreement. Notwithstanding the foregoing, should Executive's prior employer
nevertheless make any claims with respect to Executive's right to resign his
prior employment or enter into this Agreement, the Company agrees to defend and
indemnify Executive from any legal challenge or other lawsuit that may be
brought against him arising out of such claims.

         12. MODIFICATION AND WAIVER OF BREACH. No waiver or modification of
this Agreement or any term hereof shall be binding unless it is in writing
signed by the parties hereto. No failure to insist upon compliance with any
term, provision or condition of this Agreement, whether by conduct or otherwise,
in any one or more instances, shall be deemed to be or

                                       22

<PAGE>

constructed as a waiver of any such term, provision or condition or as a waiver
of any other term, provision or condition of this Agreement.

         In the event of any claimed breach of this Agreement, the party alleged
to have committed such breach shall be entitled to written notice of such
alleged breach and a period of fifteen (15) days to remedy such breach.
Executive understands that a breach of any one or more of the covenants set
forth in Section 7 above will result in irreparable and continuing damage to the
Company for which there exists no adequate remedy at law, and in the event of
any breach or threatened breach of Executive's obligations under Section 7, the
Company may, instead of arbitrating its claim of breach of Section 7, file suit
to enjoin Executive from the breach or the threatened breach of such covenants.

         13. NOTICES. All notices and other communications required under this
Agreement to be in writing shall be served personally on, or sent by relievable
overnight courier to, the party to be charged with receipt thereof. Notices and
other communications served by overnight courier shall be deemed given hereunder
twenty-four (24) hours after deposit of such notice or communications with such
reputable overnight courier which guarantees 24-hour delivery under the
particular circumstances (such as holidays or weekends) duly addressed to the
party to whom such notice or communication is to be given as follows:

             (a) If to the Company:

                 The Reynolds and Reynolds Company
                 One Reynolds Way
                 Kettering, Ohio  45430
                 Attention:  Vice President, Corporate Finance and
                             Chief Financial Officer

             (b) If to Executive at his last address shown on the Company's
records.

         Either Executive or the Company may change the address for purposes of
this Section by giving to the other party a written notice of such change.

         14. ARBITRATION.

             (a) Except for the breach or threatened breach by Executive of the
covenants set forth in Section 7 above, which may be enforced through litigation
including injunctive relief at the option of the Company, any dispute or
controversy arising out of or relating to this Agreement, including, but not
limited to, whether Executive has been Discharged For Cause or whether Executive
can terminate his employment hereunder for Good Reason, shall be submitted to
and settled by arbitration in Dayton, Ohio in accordance with the rules
then-pertaining of the American Arbitration Association applicable to employment
disputes to the extent that such rules are not inconsistent with this Section
14.

             (b) Any dispute submitted to arbitration hereunder shall be heard
by a panel of three (3) arbitrators, one of whom shall be selected by the
Company, another of whom shall be selected by Executive, and the third of whom
shall be selected by the two arbitrators so appointed. The decision of a
majority of this panel of arbitrators on the question submitted shall

                                       23
<PAGE>

be final and conclusive upon the Company and upon Executive and his wife or
widow, personal representatives, designated beneficiaries and heirs, and shall
be enforceable in any court having competent jurisdiction thereof. The Company
shall bear the fees and expenses of the arbitrators and costs charged by the
American Arbitration Association to administer the arbitration.

         15. SEVERABILITY. In the event any provision of this Agreement is held
invalid, then the remaining provisions of this Agreement shall not be affected
thereby.

         16. GOVERNING LAW. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of Ohio.

         17. COMPLETE AGREEMENT. This Agreement, together with the letter from
the Company and Universal Computer System Holding, Inc. to Executive, contains
the entire agreement between the parties hereto with respect to the subject
matter contemplated by this Agreement and supersedes all previous and all
contemporaneous negotiations, commitments, writing, and understandings,
including, without limitation, the Original Agreement, except as expressly
provided herein. This Agreement may be modified, changed or added to only by an
agreement in writing executed by both parties.

         18. LEGAL REVIEW AND DRAFTING; ATTORNEYS' FEES. Executive acknowledges
that he has had the opportunity to have this Agreement reviewed by competent
legal counsel. It is agreed this Agreement shall be constructed with the
understanding that both parties were responsible for drafting it. Company will
reimburse Executive for reasonable attorneys' fees incurred by Executive in
connection with negotiating and preparing this Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       24
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed as of the day and year first written above.

                                        THE REYNOLDS AND REYNOLDS COMPANY

                                       -----------------------------------------
                                       Name:  Robert S. Guttman
                                       Title: Vice President and General Counsel

                                       EXECUTIVE

                                       -----------------------------------------
                                       Finbarr J. O'Neill

           SIGNATURE PAGE TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT

<PAGE>

                                RELEASE OF CLAIMS

         For and in consideration of the payments and other benefits due to
Finbarr J. O'Neill (the "EXECUTIVE") pursuant to the Amended and Restated Change
in Control Agreement, dated as of August 7, 2006 (the "AGREEMENT"), by and
between the Executive and The Reynolds and Reynolds Company (the "COMPANY") and
for other good and valuable consideration, Executive hereby releases the
Company, its divisions, affiliates, subsidiaries, parents, branches,
predecessors, successors, assigns, officers, directors, trustees, employees,
agents, shareholders, administrators, representatives, attorneys, insurers and
fiduciaries, past, present and future (the "RELEASED PARTIES") from any and all
claims of any kind arising out of, or related to, Executive's employment with
the Company, its affiliates and subsidiaries (collectively, with the Company,
the "AFFILIATED ENTITIES"), and Executive's separation from employment with the
Affiliated Entities, which Executive now has or may have against the Released
Parties, whether known or unknown to Executive, by reason of facts which have
occurred on or prior to the date that Executive has signed this Release. Such
released claims include, without limitation, any and all claims relating to the
foregoing under federal, state or local laws pertaining to employment,
including, without limitation, the Age Discrimination in Employment Act
("ADEA"), Title VII of the Civil Rights Act of 1964, as amended, 42 U.S.C.
Section 2000e ET. SEQ., the Fair Labor Standards Act, as amended, 29 U.S.C.
Section 201 ET. seq., the Americans with Disabilities Act, as amended, 42 U.S.C.
Section 12101 ET. SEQ. the Reconstruction Era Civil Rights Act, as amended, 42
U.S.C. Section 1981 ET. SEQ., the Rehabilitation Act of 1973, as amended, 29
U.S.C. Section 701 ET. SEQ., the Family and Medical Leave Act of 1992, 29 U.S.C.
Section 2601 ET. SEQ., and any and all state or local laws regarding employment
discrimination and/or federal, state or local laws of any type or description
regarding employment, including but not limited to any claims arising from or
derivative of Executive's employment with the Affiliated Entities, as well as
any and all such claims under state contract or tort law.

         Executive has read this Release of Claims carefully, acknowledges that
Executive has been given at least 21 days to consider all of its terms and has
been advised to consult with any attorney and any other advisors of Executive's
choice prior to executing this Release of Claims, and Executive fully
understands that by signing below Executive is voluntarily giving up any right
which Executive may have to sue or bring any other claims against the Released
Parties, including any rights and claims under the ADEA. Executive also
understands that Executive has a period of seven days after signing this Release
of Claims within which to revoke his agreement, and that neither the Company nor
any other person is obligated to make any payments or provide any other benefits
to Executive pursuant to the Agreement until eight days have passed since
Executive's signing of this Release of Claims without Executive's signature
having been revoked other than any accrued obligations or other benefits payable
pursuant to the terms of the Company's normal payroll practices or employee
benefit plans. Finally, Executive has not been forced or pressured in any manner
whatsoever to sign this Release of Claims, and Executive agrees to all of its
terms voluntarily. Executive understands that in order to revoke this Release of
Claims, Executive must send a written revocation of Executive's intent to do so
to [NAME AND ADDRESS OF NOTICE PERSON].

                                      A-1
<PAGE>

         Notwithstanding anything else herein to the contrary, this Release of
Claims shall not affect: (i) any rights that Executive may have with respect to
matters which by their terms, are to be performed after the date hereof by the
Company (including, without limitation, obligations to Executive under any stock
option, stock award or agreements or obligations under any pension, deferred
compensation, retention or other compensation or benefit plan, all of which
shall remain in effect in accordance with their terms); (ii) rights to
indemnification Executive may have under (A) applicable corporate law, (B) the
by-laws or certificate of incorporation of the Affiliated Entities, (C) any
other agreement between Executive and a Released Party, (D) as an insured under
any director's and officer's liability insurance policy now or previously in
force or (E) Section 7.05 of the Agreement and Plan of Merger, dated as of
August 7, 2006, among the Company, Universal Computer System Holding, Inc. and
Racecar Acquisition Co.; (iii) any right Executive may have to obtain
contribution in the event of the entry of judgment against Executive as a result
of any act or failure to act for which both Executive and any of the Affiliated
Entities are jointly responsible; (iv) any rights that Executive may have under
the Agreement to the extent not satisfied, including without limitation any
rights to reimbursement of legal fees and expenses; and (v) any rights of
Executive as a shareholder of the Company or any of the Affiliated Entities.

         This Release of Claims, and the attached covenants, are final and
binding and may not be changed or modified except in a writing signed by both
parties.

-------------------------                     -------------------------
        Date                                      Finbarr J. O'Neill

-------------------------                     -------------------------
        Date                                  The Reynolds and Reynolds Company

                                      A-2<PAGE>

Exhibit 10.24

                               INVESTMENT CONTRACT
                               -------------------
                            Accredited Investors only

                                   A. PARTIES

     This agreement is entered into this 13th day of February, 2006, by and
between Ingen Technologies, Inc., a Georgia corporation and ______________, a
resident of New Jersey ("subscriber" or "undersigned").

                             B. RECITALS AND SUMMARY

     Ingen Technologies, Inc. ("COMPANY") intends to raise up to $5 million or
more utilizing Regulation S-B of the SEC ("S-B offering"). The purpose of this
Agreement is for subscriber to supply $100,000 in interim financing to the
COMPANY.

     Subscriber is purchasing 833,333 shares of COMPANY restricted common shares
at a price of $0.12 per share. These shares will be registered by the COMPANY in
the S-B offering. The COMPANY states that it will file the S-B registration
statement with the SEC and applicable states (Blue Sky registration) no later
than February 24, 2006.

     The purchase price is payable on or before February 21, 2006. Upon receipt
of payment, COMPANY shall direct its transfer agent to prepare and transmit a
stock certificate for restricted shares per the above.

     The COMPANY's common stock trades on the Pink Sheets under the symbol
"IGTG." The COMPANY is delinquent in its periodic reporting to the SEC under the
Securities Exchange Act of 1934. The COMPANY did not report from 1998 until it
resumed reporting in November of 2005. The COMPANY is in the process of tracking
down and gathering information for the unreported time periods. COMPANY counsel
is in regular contact with the SEC Enforcement Staff, supplying information
regarding back filing plans. The COMPANY has also pledged to stay current with
new reporting filings as they become due.

     This is a HIGH RISK INVESTMENT that should be undertaken only by
accredited, sophisticated people with the means to risk loss of the entire
investment.

                         C. OTHER TERMS OF THE CONTRACT

     This offering is limited to qualified persons and entities who are
accredited as defined by federal law (Regulation D of the Securities and
Exchange Commission). Subscribers must have the experience, knowledge and
sophistication to ascertain the suitability of this investment opportunity in
relation to their own needs and/or have a pre-existing personal, family or
business relationship with management and/or its officials.

     There is no impound amount in this offering. All proceeds from this stock
offer and purchase Agreement will go directly into the COMPANY's bank account to
be utilized as contained below. Prospective investors should realize that
additional investment is be required before the COMPANY is able to begin the
manufacture and sale of its proprietary products. There is no guarantee the
COMPANY will be able to raise enough funds in this or some other offering
enabling it to progress beyond its current stage of operation.

                       D. COMPLIANCE WITH SECURITIES LAWS

     The parties understand that this Agreement is a "security" as defined under
applicable state and federal law. This is primarily because the investment
provided for herein is in the nature of a "passive investment" wherein
subscriber is providing funds for the COMPANY through purchase of common stock,
but not participating in the active management of the funds.

<PAGE>

     It is understood that this Agreement will not be registered with any state
or federal securities regulatory authority and that the parties are relying upon
exemptions from registration under state and federal law, or, the parties are
relying on a federal law "private placement" exemption that pre-empts state law.
No state or federal securities regulator has read or passed upon the merits or
adequacy of this Agreement.

                          E. ESTIMATED USE OF PROCEEDS

     Funds will be utilized for engineering, tooling, marketing and inventory
production of the COMPANY's product OxyView and for general and administrative
expenses. Management should be contacted directly for more specific information
regarding OxyView and the COMPANY's operation. In addition, the COMPANY's EDGAR
filings contain information regarding its operation.

                     F. ALLOCATIONS AND PROFIT PARTICIPATION

     The COMPANY has no current dividend policy in place. The COMPANY is a
"going concern" and there are no plans to pay shareholder dividends until and if
the COMPANY progresses to the point of generating sales revenues beyond that
needed to operate and grow the COMPANY.

                                  G. MANAGEMENT

     The resume of Mr. Scott R. Sand, CEO and Chairman, is contained within Form
10-KSB for the COMPANY's fiscal year ending May 31, 2005 (as filed on EDGAR).
Other officers and directors of the COMPANY (as well as additional information
about the COMPANY and its business) can be found on the COMPANY's website:
www.Ingen-Tech.com and on EDGAR in the Form 10-KSB for the fiscal year ending
May 31, 2005 and in other EDGAR filings.

                 H. COMPENSATION, STOCK OWNERSHIP OF MANAGEMENT

     Mr. Sand is paid $5000 per month on a "1099" basis by the COMPANY. Board
members are paid $500 per meeting.

     Management stock ownership is contained on EDGAR in the COMPANY's Form
10-KSB for the fiscal year ending May 31, 2005. Scott Sand has sold or gifted
some of his preferred shares since then and should be contacted directly for
more information regarding any such transaction.

                     I. SALE OF COMPANY STOCK BY MANAGEMENT

     Management will market the unrestricted common stock offered hereby.
Management will not pay itself commissions regarding these sales. Management has
no current plans to pay commissions or finders fees to third parties regarding
the sale of stock herein, but reserves the right to pay such reasonable
compensation if necessary (in the sound discretion of Management). The payment
of any compensation for sale of the COMPANY's securities will reduce the amount
of proceeds available for the uses as mentioned above.

                J. REPRESENTATIONS AND WARRANTIES OF THE COMPANY

     The COMPANY represents and warrants that it is properly formed and in good
standing in the state of Georgia.

     The COMPANY represents and warrants that Management will use its best
efforts to raise or otherwise provide enough funding to move the COMPANY into a
profitable operating mode.

                                       2
<PAGE>

     The COMPANY does not represent and warrant that it will ultimately be able
to obtain an Effective Date for its S-B Offering. The COMPANY does not represent
and warrant that it will be able to complete its back filings on EDGAR in a
timely or complete manner as required by the SEC rules and staff or that the
COMPANY's shareholders will always be able to trade the COMPANY's stock in a
public market.

     Management will conduct all business on behalf of the COMPANY in a
professional and timely manner. The COMPANY represents and warrants that it has
the legal right to develop, manufacture and sell its products.

       K. REPRESENTATIONS AND WARRANTIES OF SUBSCRIBER ("THE UNDERSIGNED")

     1. The undersigned has received and carefully reviewed, and is familiar
with this Agreement and all material incorporated by reference herein, all
amendments and attachments delivered herewith. In evaluating the suitability of
an investment in this Agreement, the undersigned has not relied upon any
representations or other information (whether oral or written) from the COMPANY,
its officers, directors, managers or employees other than as set forth in the
Agreement and other delivered materials.

     2. The undersigned has such knowledge and experience in financial and
business matters that he is capable of evaluating the merits and risks of the
prospective entrance into this Agreement.

     3. The undersigned has obtained, to the extent he deems necessary, his own
personal professional advice with respect to the risks inherent in the
investment in this Agreement, and the suitability of the investment in light of
his financial condition and investment needs.

     4. The undersigned believes that the investment in this Agreement is
suitable for him based upon his investment objectives and financial needs, and
the undersigned is accredited and has adequate means of providing for his
current financial needs and personal contingencies and has no need for liquidity
of investment with respect to this Agreement.

     5. The undersigned has been given access to full and complete information
(or is aware of and has reviewed the COMPANY's EDGAR filings) regarding the
COMPANY, its Management and business plan, and has utilized such access to his
satisfaction, or waived the opportunity to do so, for the purpose of asking
questions and receiving answers concerning the terms and conditions of this
Agreement, obtaining information in addition to, or verifying information
included in, this Agreement, and obtaining any of the documents or information
described herein. The undersigned has either attended or been give reasonable
opportunity to attend a meeting with representatives of the COMPANY for the
purpose of asking questions of, and receiving answers from, such representatives
concerning the terms and conditions of this Agreement and to obtain any
additional information, to the extent reasonably available, necessary to verify
the accuracy of information provided in this Agreement.

     6. The undersigned recognizes that the COMPANY has a limited operating
history, and that entry into this Agreement as an investment involves a high
degree of risk including, but not limited to, the risk of economic losses from
operations of the COMPANY and the risks involved in developing, producing,
marketing a electronic medical monitoring devices and other products.

     7. The undersigned realizes that although he is receiving restricted common
COMPANY shares with "piggy back registration rights," that there is no guarantee
or promise made that the S-B offering in which the shares will be registered
will receive an Effective Date or that a public market for the shares (if the
registration becomes effective) will remain in existence. The price of the
shares has been arbitrarily established by Management without regard to the
financial condition of the COMPANY.

                                       3
<PAGE>

     8. The undersigned acknowledges that the COMPANY and its affiliates have
not retained counsel to provide its prospective investors with representation in
connection with this offering. The undersigned also acknowledges that he
understands that (i) no counsel has undertaken any independent due diligence
investigation of the facts and circumstances relating to this offering, and (ii)
he must assume responsibility for his own due diligence investigation, and (iii)
the protection afforded by a complete due diligence investigation of counsel is
not present in this offering.

     9. The undersigned acknowledges that he understands the risk that
insufficient capital will be raised in this offering or in any subsequent
offering or financing to assist in accomplishing the COMPANY's goals; and that
there is absolutely no assurance that (a) the COMPANY will complete this private
offering of its stock; (b) that the COMPANY will be able to operate profitably.
Further, the undersigned acknowledges that if the COMPANY is unable to
successfully conclude this offering, any other private or public offering or
obtain other financing, the COMPANY (and, therefore, the undersigned) would
suffer a substantial loss which may result in the COMPANY not being able to
develop and market the COMPANY's products or product lines.

     10. The undersigned has been advised that this Agreement has not being
registered under the Act or the relevant state securities law, but are being
offered and sold pursuant to exemptions from such registrations, and that the
COMPANY's reliance upon such exemptions is predicated partly on the
undersigned's representations to the COMPANY as contained herein.

     11. The undersigned represents and warrants that he is a bona fide resident
of, and is domiciled in, the State of New Jersey, and that his entry into this
Agreement is solely for his own beneficial interest and not as nominee for, or
on behalf of, or for the beneficial interest of, or with the intention to
transfer to, any other person, trust, or organization.

     12. The undersigned is informed of the significance to the COMPANY of the
foregoing representations, and such representations are made with the intention
that the COMPANY will rely on the same. The undersigned shall indemnify and hold
harmless the COMPANY, its officers, directors, managers and agents against any
losses, claims, damages, or liabilities to which they, or any of them, may
become subject insofar as such losses, claim, damages, or liabilities (or
actions in respect thereof) arise from any misrepresentation or misstatement of
facts or omission to represent or state facts made by the undersigned to the
COMPANY concerning the undersigned or the undersigned's financial position in
connection with the offering or sale of the Securities.

     13. The undersigned, if other than an individual, makes the following
additional representations and warranties:

          a. The undersigned was not organized for the specific purpose of
entering into this Agreement.

          b. The execution of this Agreement has been duly authorized by all
necessary action on the part of the undersigned, has been duly executed by the
authorized officer or representative of the undersigned, and is a legal, valid
and binding obligation of the undersigned enforceable in accordance with its
terms.

                                       4
<PAGE>

     14. The undersigned, if executing this Agreement in a representative or
fiduciary capacity, (ii) represents that he has full power and authority to
execute and deliver this Agreement on behalf of the subscribing individual,
partnership, trust, estate, corporation, or other entity for whom the
undersigned is executing this Agreement, and such individual, partnership,
trust, estate, corporation, or other entity has full right and power to perform
pursuant to such Agreement and become a shareholder of the COMPANY and (ii)
acknowledges that the representations and warranties contained herein shall be
deemed to have been made on behalf of the person or persons for whom the
undersigned is so purchasing.

     15. Confidentiality.

          a. The provisions of this Agreement are confidential and private and
are not to be disclosed to outside parties (except on a reasonable need to know
basis only) without the written and express, advance consent of all parties
hereto.

          b. Subscriber agrees and acknowledges that in his association with the
COMPANY under this Agreement, he may come into possession or knowledge of
confidential and/or proprietary information. Such confidential and/or
proprietary information includes, but is not limited to: information regarding
agents, contractors, employees and all affiliates of which the COMPANY possesses
an ownership interest of ten percent (10%) or greater; corporate and/or
financial information and records of or any client, customer or associate of the
COMPANY; customer information; client information; shareholder information;
business contacts; investor leads and contacts; employee information; documents
regarding the COMPANY's website and any product, business plan or presentation
materials of the COMPANY.

     Subscriber represents and warrants to the COMPANY that he will not divulge
confidential, proprietary information of the COMPANY or any of its subsidiaries
to anyone or anything without the written and express, advance consent of the
COMPANY, and further represents and warrants that he will not use any
proprietary information of the COMPANY for his or anyone else's gain or
advantage at any time during or after the Term of this Agreement.

                             L. PRODUCT INFORMATION

     Information concerning the COMPANY'S products maybe obtained online at the
COMPANY'S website as mentioned above, on EDGAR in the COMPANY's periodic
reporting filings and/or by contacting Management.

                           M. REPORTS TO SHAREHOLDERS

     Shareholders will receive annual reports from Management containing
pertinent COMPANY business information. Shareholders, under law, have a right of
inspection of the books of the COMPANY for certain limited purposes.

                          N. LITIGATION, LEGAL MATTERS

     Management has no information leading it to believe that litigation is
imminent or planned by anyone with respect to the COMPANY.

                                       5
<PAGE>

                            O. ACCESS TO INFORMATION

     Prospective shareholders have the right to request additional information
relative to this private placement of securities and Management, to the extent
it can reasonably and affordably supply the same, has the duty to supply the
same in a timely manner.

                     P. MISCELLANEOUS LEGAL CONSIDERATIONS

     1. Modifications and Amendments. The terms and conditions of this Agreement
may be amended at any time and from time to time, in whole and in part, upon
written agreement signed by a duly authorized officer of the COMPANY and
subscriber.

     2. Expenses. Each party shall bear its own respective costs, fees and
expenses associated with entering into and executing its duties under this
Agreement.

     3. Indemnification. Each party, if an offending party, agrees to indemnify
and hold harmless all other parties from any claim of damage of any party or
non-party arising out of any act or omission of the offending party arising from
this Agreement.

     4. Notices. Any notice, request, proposal, statement or other communication
required or permitted to be given hereunder shall be in writing and shall be
deemed given when personally delivered or confirmed by facsimile or ten (10)
days after mailed by certified mail, postage prepaid, to the parties at their
respective addresses first set forth above or to such other address of which a
party shall have theretofore notified the other by a notice given in accordance
with this Paragraph, together with a courtesy copy to the receiving party's
counsel, as follows:

If to the COMPANY:
------------------

Ingen Technologies, Inc.
285 E. County Line Rd.
Calimesa, CA 92320

If to Subscriber:

     5. Breach. In the event of a breach of this Agreement, the breaching party
shall be notified by the other party by written notice pursuant to the Notices
Paragraph herein within ten (10) days of reasonable discovery of the breach.
Upon notice so given, the breach shall be corrected within fifteen (15) days. If
the breach is not corrected within this period, the non-breaching party may take
appropriate legal action consistent with the terms of this Agreement.

     6. Assignment. The provisions of this Agreement shall be binding upon and
inure to the benefit of the COMPANY and Subscriber and their respective
successors, assigns and personal representatives. If the COMPANY shall at any
time be merged or consolidated into or with any other corporation or if the
COMPANY's stock or substantially all of its assets are transferred to another
corporation, the provisions of this Agreement shall be binding upon and inure to
the benefit of Subscriber and the corporation resulting from such merger or
consolidation or to which such capital stock or assets shall be transferred, and
this provision shall apply in the event of any subsequent merger, consolidation
or transfer.

                                       6
<PAGE>

     7. Entire Agreement. This Agreement is the full and complete, integrated
agreement of the parties, merging and superceding all previous written and/or
oral agreements and representations between the parties, and is amendable only
as provided for herein. This Agreement shall be interpreted as if the parties
had participated equally in its drafting.

     8. Governing Law. This Agreement shall be governed by the laws of the State
of California applicable to contracts made to be performed entirely therein, and
each party agrees to submit to the personal jurisdiction of any Court of
competent jurisdiction in San Bernardino County and to all the rules and orders
of such Court, and the laws of the State of California.

     9. Waiver. Any waiver by either party of any provision of this Agreement or
any right hereunder shall not be deemed a continuing waiver and shall not
prevent or estop such party from thereafter enforcing such provision, and the
failure of either party to insist in any one or more instances upon the strict
performance of any of the provisions of this Agreement by the other party shall
not be construed as a waiver or relinquishment for the future performance of any
such term or provision, but the same shall continue in full force and effect.

     10. Enforcement. If the parties cannot settle any dispute arising out of or
relating to this Agreement, or the breach thereof, in a reasonable and timely
fashion, either party may file for binding arbitration (as the exclusive means
of dispute resolution) within San Bernardino County, California. Arbitration
shall be governed by the rules of the American Arbitration Association and
judgment upon the award may be entered in any Court having jurisdiction thereof.
The arbitrator(s) may award reasonable attorneys fees and costs to the
prevailing party. However, the parties agree to reserve the right to obtain a
preliminary injunction from a court of competent jurisdiction if necessary in
the event of a material breach arising from this Agreement or to otherwise
enforce this Agreement if necessary.

     11. Headings. The headings in this Agreement are solely for convenience of
reference and shall not affect its interpretation.

     12. Possible Invalidity. In case any provision of this Agreement should be
held to be contrary to, or invalid under, the law of any country, state or other
jurisdiction, such illegality or invalidity shall not affect in any way any of
the other provisions hereof, this Agreement in such event to be construed as
though the offending provision had been deleted or modified in such a manner as
to make it enforceable to the maximum extent possible to reflect the parties'
intent hereunder, and all of the provisions hereof nevertheless shall continue
unmodified and in full force and effect in any country, state or jurisdiction in
which such provisions are legal and valid.

     13. Counterparts. This Agreement may be executed in counterparts, each of
which shall be deemed an original and all of which together shall constitute one
and the same agreement. Facsimile signatures shall be considered as valid and
binding as original signatures.

     14. Independent Covenants: Each of the respective rights and obligations of
the parties hereunder shall be deemed independent and may be enforced
independently irrespective of any of the other rights and obligations set forth
herein.

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

                                      - signed by both subscribers, with
         - s -                        fill-ins above -
------------------------------------  ---------------------------------------
INGEN TECHNOLOGIES, INC.              SUBSCRIBER
By:  Scott R. Sand, CEO & Chairman

                                       7

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