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                              CONSULTING AGREEMENT
                              --------------------

This agreement ("Agreement") is dated as of February 16, 2005 and is by and
between Able Energy Inc. its subsidiaries, affiliates and assignees ("Able") and
Timothy Harrington ("Harrington).

                                   WITNESSETH

WHEREAS, Able desires to retain Harrington as a consultant ("Consultant") for
Able and Harrington wishes to serve as a Consultant for Able;

NOW, THEREFORE, the parties hereto do hereby agree as follows:

1.      THE SERVICES

        It is hereby agreed that Harrington shall be retained by Able to provide
        business management services to Able, to assist Able in new business
        development and to assist Able in acquisitions, mergers and financings.
        The foregoing services of Harrington to Able shall be at the direction
        of the Board of Directors of Able during normal business hours and at
        such times as are mutually convenient for Harrington and Able.
        Harrington shall be available for a minimum of 8 hours of service per
        week which Harrington shall be required to provide to Able. Able
        acknowledges that Harrington shall only provide services to Able on a
        part time basis and that Harrington shall provide services to others,
        subject to the terms and conditions of this Agreement; however, no such
        other services shall be in conflict with or compete with the business of
        Able and its subsidiaries, affiliates and assigns. Harrington shall
        advise Able in writing any services he is providing to all other third
        parties during the term of this Agreement.

2.      COMPENSATION FOR THE SERVICES; TERM

        In consideration for the services rendered by Harrington to Able as
        Consultant, Able shall pay Harrington Fifty Thousand ($60,000.00)
        Dollars per year (the " Annual Compensation"), payable monthly in
        arrears, in twelve (12) equal monthly installments; without deductions
        for taxes, social security payments, health care benefits, payroll
        taxes, costs or offsets. It is agreed and understood that Harrington
        shall be an independent contractor of Able and that Harrington shall be
        solely responsible for all taxes, social security payments, payroll
        taxes, costs and other expenses allocable or attributable to his role as
        Consultant for Able, except as otherwise provided herein. This Agreement
        shall have a term ("Term") of two (2) years, commencing from the date of
        this Agreement and ending two (2) years thereafter, for a total
        compensation ("Total Compensation") of One Hundred Thousand
        ($120,000.00) dollars. The Total Compensation shall be the only

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        compensation to which Harrington is entitled from Able as and in his
        role as Consultant for Able, notwithstanding any financings, mergers,
        acquisitions, or other benefits Harrington may bring to Able, it being
        fully understood and agreed by the parties hereto that Harrington shall
        not be entitled to any commissions, equity participations or other
        benefits from fulfilling his role as Consultant for Able, unless
        otherwise agreed to by Able and Harrington.

        Able shall reimburse Harrington for all expenses incurred by him in the
        performance of his duties hereunder provided; however, that for all
        expenses over and above $200 in the aggregate during any thirty day
        period he shall obtain prior written consent from Able's President, CFO
        or COO. Harrington shall provide receipts or other written evidence of
        all such expenses to Able at the time of request for reimbursement. All
        of such expenses shall be reimbursed to Harrington within 30 days of the
        submission to Able of a written request therefore, together with written
        evidence of such expenses.

        During the Term of this Agreement, Able shall provide Harrington and his
        immediate family with medical, health and hospitalization insurance
        comparable to the benefits provided to him during his former term of
        employment with Able. Harrington shall reimburse Able for 50% of the
        actual cost of such insurance to Able.

        In addition to the compensation stated above, Harrington shall receive
        options to purchase 100,000 shares of Able common stock pursuant to
        Able's stock option plan. The exercise price of such options shall be
        the market price on the date of grant as specified by the Board of
        Directors and such options shall have a term of five years. All of such
        options and the common stock issuable thereunder shall be registered
        pursuant to Form S-8.

        Able shall assign title and ownership of the automobile currently used
        by Harrington to Harrington upon the expiration of the purchase lease
        agreement for the automobile. In the event Able shall be required to
        make payments for more than six months from the date hereof with respect
        to such automobile, Harrington shall reimburse Able for all of such
        amounts.

3.      REPORTS; DUTIES; RESPONSIBILITIES

        At the request and direction of the Board of Directors of Able, it is
        understood and agreed that Harrington shall supply the Board of
        Directors of Able with a report of Harrington's actions and activities
        as Consultant, detailing the nature and extent of such actions and
        activities, the results thereof and anything else done in connection
        with the fulfillment of his activities and obligations as Consultant on
        behalf of Able. It is clearly understood and agreed that all business
        opportunities which Harrington obtains in connection with his duties and
        obligations as Consultant shall belong solely to Able and Harrington
        shall not retain any business opportunity for himself.

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4.      INDEPENDENT CONTRACTOR STATUS

        Harrington is not an employee or partner of Able for any purpose
        whatsoever, but is acting as an independent contractor. As such, neither
        party has the authority to bind the other, nor make any unauthorized
        representations on the behalf of the other. Harrington does not have the
        right or authority to create a contract or obligation, either express or
        implied, on behalf of, in the name of or binding upon Able; including,
        without limitation, to pledge Able's credit, or to extend credit in
        Able's name, unless otherwise agreed to with the express written consent
        of Able. Harrington shall have no right to commit Able or any of its
        affiliates or subsidiaries in any manner whatsoever, without the express
        written consent of Able.

5.      SERVICES TO OTHERS

        Harrington shall have the right to engage in other business activities,
        provided such services and activities are not provided to a competitor
        of Able. Harrington shall be prohibited from engaging in the home
        heating oil business in any manner including but not limited to the
        methodology utilized by PriceEnergy.Com as well as all other business
        of Ablein the United States for a period of five (5) years from the
        beginning of the Term.

6.      INDEMNIFICATION

        Harrington hereby agrees to indemnify Able, and each of its officers,
        directors, employees, legal representatives and assigns (collectively,
        "Indemnitees") and hold each of them harmless from and against any and
        all acts, statements, omissions, or decisions made by him as Consultant
        or otherwise. This indemnity and hold harmless obligation shall include
        expenses and fees, including reasonable attorneys fees, incurred by any
        Indemnitee in connection with the defense of any act, suit or proceeding
        arising out of the foregoing.

        Able will protect, indemnify and hold harmless Harrington against any
        claims or litigation including any damages, liability, cost and
        reasonable attorney's fees as incurred with respect thereto resulting
        from Harrington's duties hereunder, except as such may arise from the
        grossly negligent or intentional acts of Harrington. This indemnity and
        hold harmless obligation shall include expenses and fees, including
        reasonable attorneys fees, incurred by Harrington in connection with the
        defense of any act, suit or proceeding arising out of the foregoing.
        However, it is understood and agreed that Able shall have the absolute
        right to utilize its attorneys for the protection and defense of
        Harrington.

7.      ASSIGNMENT. The rights and obligations of the parties hereunder cannot
        be assigned delegated to any third party without the written consent of
        the other party hereto.

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8.      TERMINATION. In the event Harrington shall be convicted of or plead
        guilty to a crime constituting a felony, Able shall have the right to
        terminate this agreement. Upon any such termination, Harrington shall
        retain all rights to the stock options and automobile provided for in
        Section 2 hereof and shall be paid all compensation and expense
        reimbursement though the date of termination.

9.      LEGAL REPRESENTATION. Able and Harrington each acknowledge that they
        have each received the benefit of independent legal counsel in
        connection with the negotiation and execution of this Agreement.

10.     ARBITRATION. Any controversy or claim arising out of or relating to any
        interpretation, breach or dispute concerning any of the terms or
        provisions of this Agreement, which disagreement is not settled within
        thirty days after it arises, shall be settled by binding arbitration in
        New York City, New York in accordance with the laws of the State of New
        York and under the rules then obtaining of the American Arbitration
        Association and judgment upon the award rendered in said arbitration
        shall be final and may be entered in any court of the State of New York
        having jurisdiction thereof. Any party hereto may apply for such
        arbitration.

11.     CONFIDENTIALLY. This entire Agreement, including the terms of this
        Agreement, shall remain confidential in its entirety and will not be
        disclosed to anyone without first receiving written consent to do so,
        unless required to do so by the Securities Act of 1934 and 1933, as
        amended. This is a material part of this Agreement.

12.     COMPLIANCE WITH LAW. During the Term, Harrington shall comply with all
        laws and regulations applicable to consultants in the conduct of Able's
        business and performance of its obligations hereunder.

13.     NO ORAL CHANGE: WAIVER. This Agreement may only be changed, modified, or
        amended in writing by the mutual consent of the parties hereto. The
        provisions of this Agreement may only be waived in or by writing signed
        by the party against whom enforcement of any waiver is sought.

14.     SEVERABILITY. If any provision of this Agreement shall be held or deemed
        to be, or shall in fact be, inoperative or unenforceable as applied in
        any particular case because it conflicts with any other provision or
        provisions hereof, or any other provision or provisions hereof, or any
        constitution or statute or rule of public policy, or for any other
        reason, such circumstances shall not have the effect of rendering the
        provision in question inoperative or unenforceable to any extent
        whatsoever. The invalidity of any one or more phrases, sentences,
        clauses, sections or subsections of this Agreement shall not affect the
        remaining portions of this Agreement.

15.     COUNTERPARTS. This Agreement may be executed in one or more
        counterparts, any one of which need not contain the signatures of more
        than one party, but all such counterparts when taken together will
        constitute one and the same agreement.

                       THIS SPACE LEFT INTENTIONALLY BLANK

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16.     ENTIRETY

        This instrument sets forth the entire agreement between Harrington and
        Able. No promise, representation or inducement, except as herein set
        forth, has been made by either party to this Agreement. Should any
        provision of this Agreement be void or unenforceable, the rest of this
        Agreement shall remain in full force. This Agreement may not be
        cancelled, altered, or amended except in writing.

        ABLE ENERGY, INC.

        BY: /s/ Christopher Westad
           --------------------------------
        TITLE: Chief Financial Officer

        /s/ Timothy Harrington
        -----------------------------------
        TIMOTHY HARRINGTONADDENDUM TO CAFFEY LEASE

 

 
  
 August 23, 2004 
  
 Dr. Fred B. Caffey 
 300 Old Liberty Drive 
 Martinsville, VA 24112 
  
 Dear Fred: 
  
 In accordance with our telephone conversation of August 23, 2004, please consider the following as an addendum to our existing lease, which is scheduled to renew on
October 31, 2004. 
  
 Addendum 
 August 23, 2004 
  
 Addendum to lease dated March 14, 1994 subsequently amended September 12, 2003 by and between Fred B. Caffey of Martinsville, Virginia herein referred to “Lessor” and Hooker Furniture Corporation of
Martinsville, Virginia herein referred to “Lessee”. All portions of said lease will be continued on a month-to-month basis beginning November 1, 2004. Either party has the right to cancel with a 90 day notice to the other party. Lessor
leases his property known as Caffey Warehouse located at 71 Gallagher Road off Highway 58 East of Martinsville to the Lessee, the rent being $22,500 per month and the rate being $.18 per square foot per month. The rent is due and payable on the
first of each month to the Lessor at 407 Starling Avenue, Martinsville, Virginia 24112. 
  
 Please sign and retain a copy for your files and sign and forward the second copy to my attention using the enclosed, self-addressed envelope. 
  

	
	 /s/ Edwin L. Ryder

	 Edwin L. Ryder
 Hooker Furniture Corporation,
Lessee

  

	
	 /s/ Fred B. Caffey, Lessor

	Fred B. Caffey, Lessor

  
 P.O. Box 4708,
Martinsville, Virginia 24115  •  276-632-2133  •  www.hookerfurniture.com

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