Document:

Ex-10.99 Gary Walborn Employment Agreement

 

Exhibit 10.99

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made as of the 1st day of January 1, 2004, by and between XRG
G&A, INC., a Florida corporation having its principal office located at 5301 Cypress Street Tampa,
FL 33607 (hereinafter “XRGA”), and Gary Walborn, an individual residing in Hillsboro County,
Florida (hereinafter “Employee”).

Witnesseth:

     XRG desires to employ the Employee, and the Employee wishes to accept such employment with
XRGA, upon the terms and conditions set forth in this Agreement.

     Accordingly, in consideration of the foregoing and the respective covenants of the parties set
forth herein, the parties, intending to be legally bound, agree as follows:

     1. Employment. XRGA hereby employs the Employee and the Employee hereby accepts
employment by XRGA upon the terms and conditions hereinafter set forth. All previous employment
agreements or other terms and conditions of employment between XRGA or XRG and the Employee are
hereby terminated and are superseded by this Agreement. XRGA may assign this Agreement to any XRG
subsidiary provided the Employee has the ability to “opt out” and terminate the agreement with the
understanding that the “non-disclosure” clause would still be enforced, but the “non-compete”
clause would be waived at any time during the term of the agreement.

     2. Term. Subject to the provisions of Paragraph 11 hereof, the term of the Employee’s
employment by XRGA under this Agreement shall commence on the date hereof and shall continue for a
term of two (2) years (“Original Term”). Expiration of the Original Term shall not prevent XRGA
from continuing the Employee’s employment beyond such expiration on such terms as may be mutually
satisfactory to XRGA and the Employee. The term of the Employee’s employment hereunder, including
any extension beyond the Original Term, is hereinafter referred to as the “Employment Period.”

     3. Duties. The Employee shall be employed as a data processing manager of XRGA and
shall have such duties as are assigned or delegated to him from time to time by the Board of
Directors of XRGA. The Employee shall devote such time and attention during reasonable normal
business hours to the business of XRGA as determined by the Board of Directors of XRGA. Nothing
herein, however, shall prevent the Employee from engaging in additional activities in connection
with personal investments and community affairs that do not interfere or conflict with his duties
hereunder.

     4. Base Compensation. The Employee shall be paid a salary at an annual rate of eighty
thousand dollars ($80,000) during the Original Term, which shall be payable in installments in
accordance ‘s customary payroll practices, but no less frequently than bi-

Page 1

 

monthly. The salary to be paid during any extension of the Employment Period beyond the Original
Term will be agreed to by XRGA and the Employee.

     5. Stock. XRG will issue 100,000 shares of XRG common stock to the Employee by
February 15, 2004. The stock will be issued in exchange for the software code that is sufficient
to operate a truck company that was demonstrated to XRG personnel by the Employee during his visit
to Company facilities on December 3, 2003. XRG will have exclusive ownership of the software
including all rights to market and distribute the software. All future work on the software will
also become the property of XRG.

     7. Housing Expense Allowance. During the first six months of the Employment Period,
XRGA shall pay to the Employee a housing expense allowance of $800 per month for apartment rent,
and $200 per month for furniture rent, which shall be paid to Employee on the first business day of
each month.

     8. Expenses. Subject to compliance by the Employee with such policies regarding
expenses and expense reimbursement as may be adopted from time to time by XRGA, the Employee is
authorized to incur reasonable expenses in the performance of his duties hereunder in furtherance
of the business and affairs of SRGA and XRGA will reimburse the Employee for all such reasonable
expenses, in all cases upon the presentation by the Employee of an itemized account satisfactory to
XRGA in substantiation of such expenses.

     9. Vacations. The Employee shall be entitled to paid vacations in accordance with the
policies of XRGA in effect, from time to time, as determined by the Board of Directors of XRGA; but
in any event, Employee shall be entitled to not less than one (1) week per year of paid vacation.

     10. Other Employee Benefits. The Employee shall, during the Employment Period, be
eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and
medical and other employee benefit plans of XRGA which may be in effect from time to time to the
extent he is eligible under the terms of those plans; provided, however, that the allocation of
benefits under any bonus or other plan which provides that allocations thereunder shall be in the
discretion of the Board of Directors of XRGA and shall be as determined from time to time solely by
the Board of Directors.

     11. Termination.

          (a) The Employment Period, the Employee’s compensation and any and all other rights of the
Employee under this Agreement or otherwise as an employee of XRGA shall terminate (except as to
compensation and rights accrued prior to the effective date of such termination): (i) upon the
death of the Employee; (ii) upon fourteen (14) days’ prior written notice by XRGA to Employee in
the event of the physical or mental disability of the Employee (as defined in Paragraph 11(b)
below); (iii) for Cause (as defined in Paragraph 11(c) below), immediately upon the giving of
written notice thereof by XRGA to

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the Employee, or at such later time as such notice may specify; or (iv) without Cause at any time
after the initial two-year term hereof, upon not less than sixty (60) days’ prior written notice by
either the Employee or XRGA to the other party and subject to Paragraph 11(d) below.

          (b) For purposes of this Agreement, the Employee shall be deemed to have a “physical or mental
disability” if for medical reasons he has been unable to perform his duties for thirty (30)
consecutive days or ninety (90) days in any 12-month period, all as determined in good faith by a
physician mutually acceptable to Employee and the Board of Directors of XRGA.

          (c) For purposes of this Agreement, the term “Cause” shall be deemed to mean the Employee’s
conviction of any crime (felony or class 8 misdemeanor), the Employee’s commission of any act of
willful misconduct or dishonesty, or the material breach of any provision of this Agreement by the
Employee.

          (d) Employee may terminate his employment for good reason. For purposes of this Agreement,
“Good reason” shall mean a failure by XRGA to comply with any material provision of this Agreement,
which failure is not cured within fourteen (14) days after a written notice of noncompliance has
been given by Employee to XRGA.

     12. Non-Disclosure Covenant. The Employee acknowledges that (i) during the Employment
Period and as a part of his employment, the Employee will be afforded access to Confidential
Information (as hereinafter defined); (ii) public disclosure of Confidential Information could have
a material adverse impact on XRG, on XRGA or on the other subsidiaries of XRG (hereinafter “XRG
Companies”) and their respective businesses; (ii) the Employee possesses substantial technical
expertise and skill with respect to the business of the XRG Companies; and (iv)( XRG has required
the Employee to make the covenants set forth in this Section 12 as a condition to its purchase of
Express Freight Systems, Incorporated and Freeway Systems, Incorporated and the Employee is willing
to do so. The Employee acknowledges that the provisions of this Section 12 are reasonable and
necessary with respect to the use of Confidential Information.

     As used in this Agreement, the term “Confidential Information” shall mean agency owner
operator or driver lists or information, inventions and improvements, ideas, plans, processes,
techniques, technology, customer lists, business methods, trade secrets as defined under applicable
law, and other information developed or acquired by or on behalf of the XRG Companies which relate
to or affect any aspect of the business of the XRG Companies. Confidential Information shall not
include information that becomes generally known to the public through no act of Employee in breach
of this Agreement.

     In consideration of the foregoing and of continued employment of the Employee by XRGA and the
compensation and benefits paid or provided, and to be paid or provided, to the Employee by XRGA,
the Employee hereby covenants and agrees as follows:

Page 3

 

     Both during and after the Employment Period, the Employee shall not, without XRGA’s prior
written consent, disclose to any third party, or use for any purpose other than for the exclusive
benefit of the XRG Companies, any Confidential Information.

     The Employee agrees that disclosures made by the XRG Companies to governmental authorities, to
their customers or potential customers, to their suppliers or potential suppliers, to their
employees or potential employees, to their consultants or potential consultants or disclosures made
by the XRG Companies in any litigation or administrative or governmental proceedings shall not mean
that the matters so disclosed are available to the general public.

     The Employee shall not remove from the premises of the XRG Companies, except when appropriate
to the pursuit of their business, any document, record, notebook, plan, model, or device. The
Employee recognizes that, as between the XRG Companies and the Employee, all such documents,
records, notebooks, plans, models, components or devices, or not developed by the Employee, are the
exclusive property of the XRG Companies. In the event of termination of the Employee’s employment
with XRGA, or upon the earlier request of any of the XRG Companies during the Employment Period,
the Employee shall return to the XRG Companies all documents, records, notebooks, plans, models,
components, and devices in the Employee’s possession or subject to the Employee’s control. The
Employee shall not retain any copies, abstracts, sketches or other physical embodiment of any such
document, record, notebook, plan, model, component or device. The Employee agrees that all agency
or brokerage business introduced to any XRG Companies by either the Employee or any associate or
employee introduced by the Employee and which the Employee’s compensation is derived, shall remain
the property of any XRG Companies as long as the Employee is being compensated by any XRG
Companies, including any severance compensation.

     13. Covenant Not to Compete; Non-Interference.

          (a) The Employee acknowledges that the services to be performed under this Agreement are of a
special and unique character, that the businesses of the XRG Companies are national in scope, that
their services are marketed throughout the United States, and that the XRG Companies compete with
other organizations that are or could be located in any part of the United States. The Employee
further acknowledges that XRG requires the Employee to agree to the provisions of this Section 13
as a condition to its purchase of Express Freight Systems, Incorporated and Freeway Systems,
Incorporated. In consideration of the foregoing, and in consideration of his continued employment
by XRGA, the Employee hereby covenants and agrees that he shall not:

               (i) during the Employment Period, and for a period of one (1) year thereafter, directly or
indirectly engage or invest in, own, manage, operate, control or participate in the ownership,
management, operation or control of, be employed, associated or in any manner connected with, or
render services or advice to, any business whose services or activities compete, in whole or in
part, with the services or activities of the XRG Companies within the geographical territories
within the United States in which

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the XRG Companies at any time during the Employment Period conduct their respective businesses;

               (ii) whether for the Employee’s own account or for the account of any other person, at any
time during the Employment Period, and for a period of one (1) year thereafter, solicit the
business of any person or entity known by the Employee to be a customer of the XRG Companies,
whether or not the Employee had personal contact with such person or entity during his employment
with XRGA; and

               (iii) whether for the Employee’s own account or the account of any other person at any time
during the Employment Period and for a period of one (1) year thereafter, solicit, employ or
otherwise engage as an employee, independent contractor or otherwise, any person who is or was an
employee of any of the XRG Companies during the Employee’s Employment Period, or in any manner
induce or attempt to induce any employee of any of the XRG Companies to terminate his/her
employment with such company.

     It is understood by and between the parties hereto that the foregoing covenants by the
Employee set forth in this Section 12 are essential elements of this Agreement and that but for the
agreement of the Employee to comply with such covenants, XRGA would not have entered into this
Agreement. XRGA and the Employee have independently consulted their respective counsel and have
been advised in all respects concerning reasonableness and propriety of such covenants, with
specific regard to the nature of the businesses conducted by the XRG Companies.

          (b) Notwithstanding any provision of this Agreement to the contrary, the restrictions set
forth in Section 13(a) hereof shall not apply in the event that XRGA terminates the Employment
Period during the Original Term for any reason other than for Cause or the physical or mental
disability of the Employee.

          (c) Notwithstanding that the Employee’s employment hereunder may expire or be terminated as
provided in Section 11 hereof, this Agreement shall continue in full force and effect insofar as is
necessary to enforce the covenants and agreements of the Employee contained in Section 13.

     14. Injunctive Relief. The Employee acknowledges that the damages that would be
suffered by the XRG Companies as a result of a breach of the provisions of Section 12 or 13 of this
Agreement may not be calculable, and that an award of a monetary judgment to any of the XRG
Companies for such a breach would be an inadequate remedy. Consequently, any of the XRG Companies
shall have the right, in addition to any other rights it may have, to obtain, in any court of
competent jurisdiction, injunctive relief to restrain any breach or threatened breach hereof or
otherwise to specifically enforce any of the provisions of this Agreement and such company shall
not be obligated to post bond or other security in seeking such relief.

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     15. Definition of “person.” The term “person” shall mean any individual, corporation,
firm, association, partnership, limited liability company or other legal entity or other form of
business organization.

     16. Compliance with Other Agreements. The Employee represents and warrants that the
execution and delivery by the Employee of this Agreement and the performance by the Employee of his
obligations hereunder will not, with or without the giving of notice or the passage of time, or
both, (i) violate any judgment, writ, injunction or order of any court, arbitrator or governmental
agency applicable to the Employee; or (ii) conflict with, result in the breach of any provisions of
or the termination of, or constitute a default under, any agreement to which the Employee is a
party or by which he is or may be bound.

     17. Waiver of Breach. The waiver by any party hereto of a breach of any provision of
this Agreement shall not operate or be construed as a waiver of any subsequent breach.

     18. Binding Effect; Benefits. This Agreement shall inure to the benefit of, and shall
be binding upon the parties hereto and their respective successors, assigns, heirs and legal
representatives, including, without limitation, any entity with which XRGA may merge or consolidate
or to which it may transfer all or substantially all of its assets. Insofar as the Employee is
concerned, this Agreement, being personal, may not be assigned.

     19. Notices. All notices and other communications which are required or may be given
under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
in person or three (3) days after being mailed by registered or certified first class mail, postage
prepaid.

     20. Entire Agreement; Amendments. This Agreement contains the entire agreement of the
parties with respect to the subject matter hereof and supersedes all prior agreements and
understandings, oral or written, between the parties hereto with respect to the subject matter
hereof. This Agreement may not be changed orally, but only by an agreement in writing signed by
the party against whom any waiver, change, amendment, modification or discharge is sought.

     21. Severability. If any provision or provisions of this Agreement shall be declared
invalid or unenforceable, any such provision or provisions shall be deemed severed from the
remainder of the provisions contained herein which shall otherwise remain in full force and effect.

     22. Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida without giving effect to the
principles of conflicts of law thereof. The Employee hereby submits to the jurisdiction and venue
of the Circuit Court of the State of Florida for the County of Hillsborough or the United States
District Court for the Middle District of Florida,

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Tampa Division, for purposes of any legal action related hereto. The Employee agrees that service
upon him in any such action may be made by first class mail, certified or registered.

     23. Dispute Resolution. Any dispute, controversy or claim arising out of or relating
to this Agreement (except for matters covered by Section 14 hereof) shall be settled by arbitration
by the American Arbitration Association (“AAA”) in accordance with the then current rules in effect
governing arbitration of such matters. The arbitration shall be conducted in Tampa, Florida by
three (3) independent and impartial arbitrators. The award rendered by the arbitrators shall be
final and a judgment may be entered upon it according to applicable law in any court having
jurisdiction. The arbitrators shall, in the award, allocate the costs and expenses of the
arbitration, including AAA fees and expenses, arbitrator compensation and expenses of the parties.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date above
first written.

	 	 	 	 	 	 	 
	XRG G&A, INC.	 	 	 	EMPLOYEE:
	a Florida corporation	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

XRG Employment Agreement (Gary Walborn)

Page 7Ex-10.100 Herman Rios Employment Agreement

 

Exhibit 10.100

EMPLOYMENT AGREEMENT

     THIS AGREEMENT is made as of the first day of May, 2004, by and between XRG G&A, INC., a
Florida corporation having its principal office located at 5301 Cypress St. S111, Tampa, FL 33607
(hereinafter “XRG G&A”), and Herman Rios, an individual residing in Hillsborough County, Florida
(hereinafter “Executive”).

Witnesseth:

     In consideration of the foregoing and the respective covenants of the parties set forth
herein, the parties, intending to be legally bound, agree as follows:

     1. Employment. XRG G&A hereby employs the Executive and the Executive hereby accepts
employment by XRG G&A upon the terms and conditions hereinafter set forth. All previous employment
agreements or other terms and conditions of employment between XRG. G&A and the Executive are
hereby terminated and are superseded by this Agreement.

     2. Term. Subject to the provisions of Paragraph 10 hereof, the term of the
Executive’s employment by XRG G&A under this Agreement shall commence on the date hereof and shall
continue for a term of two (2) years (“Original Term”). Expiration of the Original Term shall not
prevent XRG G&A from continuing the Executive’s employment beyond such expiration on such terms as
may be mutually’ satisfactory to XRG G&A and the Executive. The term ‘of the Executive’s
employment hereunder, including any extension beyond the Original Term, is hereinafter referred to
as the “Employment Period.”

     3. Duties. The Executive shall be employed as Senior Project Manager of XRG G&A and
shall have such duties as are assigned or delegated to him from time to time by the Board of
Directors of XRG G&A. The Executive shall devote such time and attention during normal business
hours to the business of XRG G&A as determined by the Board of Directors of XRG G&A. Nothing
herein, however, shall prevent the Executive from engaging in additional activities in connection
with personal investments and community affairs that do not interfere or conflict with his duties
hereunder.

     4. Base Compensation. The Executive shall be paid a salary at an annual rate of
$80,000 during the Original Term, which shall be payable in installments in accordance with XRG
G&A’s customary payroll practices, but no less frequently than bi- monthly. The salary to be paid
during any extension of the Employment Period beyond the Original Term will be as agreed to by XRG
G&A and the Executive.

     5. Stock. XRG, Inc. will issue 100,000 shares of XRG, Inc. common stock to the
Executive at the one-year anniversary of this agreement.

Page 1

 

     6. Automobile Expense Allowance. During the Employment Period, XRG G&A shall pay to
the Executive an automobile expense allowance of $400 per month, which shall be paid to Executive
on the first business day of each month.

     7. Expenses. Subject to compliance by the Executive with such policies regarding
expenses and expense reimbursement as may be adopted from time to time by XRG G&A, the Executive is
authorized to incur reasonable expenses in the performance of his duties hereunder in furtherance
of the business and affairs of XRG G&A and XRG G&A will reimburse the Executive for all such
reasonable expenses, in all cases upon the presentation by the Executive of an itemized account
satisfactory to XRG G&A in substantiation of such expenses.

     8. Vacations. The Executive shall be entitled to paid vacations in accordance with
the policies of XRG G&A in effect, from time to time, as determined by the Board of Directors of
XRG G&A; but in any event, Executive shall be entitled to not less than two (2) weeks per year of
paid vacation.

     9. Other Employee Benefits. The Executive shall, during the Employment Period, be
eligible to participate in such pension, profit sharing, bonus, life insurance, hospitalization and
medical and other employee benefit plans of XRG G&A which may be in effect from time to time to the
extent he is eligible under the terms of those plans; provided, however, that the allocation of
benefits under any bonus or other plan which provides that allocations thereunder shall be in the
discretion of the Board of Directors of XRG G&A shall be as determined from time to time solely by
the Board of Directors.

     10. Termination.

          (a) The Employment Period, the Executive’s compensation and any and all other rights of the
Executive under this Agreement or otherwise as an employee of XRG G&A shall terminate (except as to
compensation and rights accrued prior to the effective date of such termination): (i) upon the
death of the Executive; (ii) upon fourteen (14) days prior written notice by XRG G&A to Executive
in the event of the physical or mental disability of the Executive (as defined in Paragraph 10(b)
below); (iii) for Cause (as defined in Paragraph 10(c) below), immediately upon the giving of
written notice thereof by XRG G&A to the Executive, or at such later time as such notice may
specify; or (iv) without Cause at any time after the initial one-year term hereof, upon not less
than sixty (60) days’ prior written notice by either the Executive or XRG G&A to the other party
and subject to Paragraph 10(d) below.

          (b) For purposes of this Agreement, the Executive shall be deemed to have a “physical or
mental disability” if for medical reasons he has been unable to perform his duties for thirty (30)
consecutive days or ninety (90) days in any 12-month period, all as determined in good faith by a
physician mutually acceptable to Executive and the Board of Directors of XRG G&A.

          (c) For purposes of this Agreement, the term “Cause” shall be deemed to mean the Executive’s
conviction of any crime, the Executive’s commission of any act

Page 2

 

of willful misconduct or dishonesty, or the material breach of any provision of this Agreement by
the Executive.

          (d) In the event the Employment Period is terminated by XRG G&A for any reason other than for
Cause or for the death or the physical or mental disability of the Executive, XRG G&A shall pay to
the Executive, as XRG G&A’s sole and exclusive obligation related to such termination, the
compensation and annual bonuses provided for in this Agreement for a one-year term. The Executive
shall also be entitled to a continuation of medical and life insurance benefits, on the same terms
-and conditions as existed immediately prior to such termination, for the same one-year term.

          (e) Executive may terminate his employment for good reason. For purposes of this Agreement,
“good reason” shall mean a failure by XRG G&A to comply with any material provision of this
Agreement, which failure is not cured within fourteen (14) days after a written notice of
noncompliance has been given by Executive to XRG G&A, provided that the foregoing notice and cure
provisions shall not apply to any failure by XRG G&A to comply with its payment obligations
hereunder.

     11. Non-Disclosure Covenant. The Executive acknowledges that (i) during the
Employment Period and as a .part of his employment, the Executive will be afforded access to
Confidential Information (as hereinafter defined); (ii) public disclosure of Confidential
Information could have a material adverse impact on XRG, on XRG G&A or on the other subsidiaries of
XRG (hereinafter “XRG Companies”) and their respective businesses; (iii) the Executive possesses
substantial technical expertise and skill with respect to the business of the XRG Companies. The
Executive acknowledges that the provisions of this Section 11 are reasonable and necessary with
respect to the use of Confidential Information.

     As used in this Agreement, the term “Confidential Information” shall mean agency owner
operator or driver lists or information, inventions and improvements, ideas, plans, processes,
techniques, technology, customer lists, business methods, trade secrets as defined under applicable
law, and other information developed or acquired by or on behalf of the XRG Companies which relate
to or affect any aspect of the business of the XRG Companies. Confidential Information shall not
include information that becomes generally known to the public through no act of Executive in
breach of this Agreement

     In consideration of the foregoing and of continued employment of the Executive by XRG G&A,
Inc. and the compensation and benefits paid or provided, and to be paid or provided, to the
Executive by XRG G&A, Inc., the Executive hereby covenants and agrees as follows:

     Both during and after the Employment Period, the Executive shall not, without XRG G&A’s prior
written consent, disclose to any third party, or use for any purpose other than for the exclusive
benefit of the XRG Companies, any Confidential Information.

Page 3

 

     The Executive agrees that disclosures made by the XRG Companies to governmental authorities,
to their customers or potential customers, to their suppliers or potential suppliers, to their
employees or potential employees, to their consultants or potential consultants or disclosures made
by the XRG Companies in any litigation or administrative or governmental proceedings shall not mean
that the matters so disclosed are available to the general public.

     The Executive shall not remove from the premises of the XRG Companies, except when appropriate
to the pursuit of their business, any document, record, notebook, plan, model, component, or
device. The Executive recognizes that, as between the XRG Companies and the Executive, all such
documents, records, notebooks, plans, models, components or devices, whether or not developed by
the Executive, are the exclusive property of the XRG Companies. In the event of termination of the
Executive’s employment with XRG G&A, or upon the earlier request of any of the XRG Companies during
the Employment Period, the Executive shall return to the XRG Companies all documents, records,
notebooks, plans, models, components, and devices in the Executive’s possession or subject to the
Executive’s control. The Executive shall not retain any copies, abstracts, sketches or other
physical embodiment of any such document, record, notebook, plan, model, component or device. The
Executive agrees that all agency. or brokerage business introduced to. any XRG Companies by
either the Executive or any associate .or employee introduced by the Executive and which the
Employee’s compensation is derived, shall remain the property of any XRG Companies as long as the
Employee is being compensated by any XRG Companies, including any severance compensation.

     12. Covenant Not to Compete: Non-Interference.

          (a) The Executive acknowledges that the services to be performed under this Agreement are of a
special and unique character, that the businesses of the XRG Companies are national in scope, that
their services are marketed throughout the United States, and that the XRG Companies compete with
other organizations that are or could be located in any part of the United States. In
consideration of the foregoing, and in consideration of his continued employment by XRG G&A, the
Executive hereby covenants and agrees that he shall not:

               (i) during the Employment Period, and for a period of one (1) year thereafter, directly or
indirectly engage or invest in, own, manage, operate, control or participate in the ownership,
management, operation or control of, be employed, associated or in any manner connected with, or
render services or advice to, any business whose services or activities compete, in whole or in
part, with the services or activities of the XRG Companies within the geographical territories
within the United States in which the XRG Companies at any time during the Employment Period
conduct their respective businesses;

               (ii) whether for the Executive’s own account or for the account of any other person, at any
time during the Employment Period, and for a period of one (1) year thereafter, solicit the
business of any person or entity known by the Executive

Page 4

 

to be a customer of the XRG Companies, whether or not the Executive had personal contact with such
person or entity during his employment with XRG G&A; and

               (iii) whether for the Executive’s own account or the account of any other person at any time
during the Employment Period and for a period of one (1) year thereafter, solicit, employ or
otherwise engage as an employee, independent contractor or otherwise, any person who is or was an
employee of any of the XRG Companies during the Executive’s Employment Period, or in any manner
induce or attempt to induce any employee of any of the XRG Companies to terminate his/her
employment with such company.

     It is understood by and between the parties hereto that the foregoing covenants by the
Executive set forth in this Section 12 are essential elements of this Agreement and that but for
the agreement of the Executive to comply with such covenants, XRG G&A would not have entered into
this Agreement. XRG G&A and the Executive have independently consulted their respective counsel
and have been advised in all respects concerning the reasonableness and propriety of such
covenants, with specific regard to the nature of the businesses conducted by the XRG Companies.

          (b) Notwithstanding any provision of this Agreement to the contrary, the restrictions set
forth in Section 12(a) hereof shall not apply in the event that XRG G&A terminates the Employment
Period during the Original Term for any reason other than for Cause or the physical or mental
disability of the Executive.

          (c) Notwithstanding that the Executive’s employment hereunder may expire or be terminated as
provided in Section 10 hereof, this Agreement shall continue in full force and effect insofar as is
necessary to enforce the covenants and agreements of the Executive contained in Section 12.

     13. Injunctive Relief. The Executive acknowledges that the damages that would be
suffered by the XRG Companies as a result of a breach of the provisions of Section 11 or 12 of this
Agreement may not be calculable, and that an award of a monetary judgment to any of the XRG
Companies for such a breach would be an inadequate remedy. Consequently, any of the XRG Companies
shall have the right, in addition to any other rights it may have, to obtain, in any court of
competent jurisdiction, injunctive relief to restrain any breach or threatened breach hereof or
otherwise to specifically enforce any of the provisions of this Agreement and such company shall
not be obligated to post bond or other security in seeking such relief.

     14. Definition of “person.” The term “person” shall mean any individual, corporation,
firm, association, partnership, limited liability company or other legal entity or other form of
business organization.

     15. Compliance with Other Agreements. The Executive represents and warrants that the
execution and delivery by the Executive of this Agreement and the performance by the Executive of
his’ obligations hereunder will not, with or without the giving of notice or the passage of time,
or both, (i) violate any judgment, writ, injunction or order of any court, arbitrator or
governmental agency applicable to the Executive; or

Page 5

 

(ii) conflict with, result in the breach of any provisions of or the termination of, or constitute
a default under, any agreement to which the Executive is a party or by which he is or may be bound.

     16. Waiver of Breach. The waiver by any party hereto of a breach of any Page 5
provision of this Agreement shall not operate or be construed as a waiver of any subsequent breach.

     17. Binding Effect; Benefits. This Agreement shall inure to the, benefit of, and
shall be binding upon, the parties hereto and their respective successors, assigns, heirs and legal
representatives, including, without limitation, any entity with which XRG Companies may merge or
consolidate or to which it may transfer all or substantially all of its assets. Insofar as the
Executive is concerned, this Agreement, being personal, may not be assigned.

     18. Notices. All notices and other communications which are required or may be given
under this Agreement shall be in writing and shall be deemed to have been duly given when delivered
in person or three (3) days after being mailed by registered or certified first class mail.’
postage prepaid.

     19. Entire Agreement; Amendments. This Agreement contains the entire agreement of the
parties with respect to the subject matter hereof and supersedes all prior agreements and
understandings. oral or written. between the parties hereto with respect to the subject matter
hereof. This Agreement may not be changed orally. but only by an agreement in writing signed by
the party against whom any waiver. change. amendment. modification or discharge is sought.

     20. Severability. If any provision. or provisions of this Agreement shall be
declared invalid or unenforceable. any such provision or provisions ‘shall be deemed, severed from
the remainder of the provisions contained herein. which shall otherwise remain in full force and
effect.

     21. Governing Law; Consent to Jurisdiction. This Agreement shall be governed by and
construed in accordance with the laws of the State of Florida without giving effect to the
principles of conflicts of law thereof. The Executive hereby submits to the jurisdiction and venue
of the Circuit Court of the State of Florida for the County of Hillsborough or the United States
District Court for the Middle District of Florida, Tampa Division, for purposes of any legal action
related hereto. The Executive agrees that service upon him in any such action may be made by first
class mail. certified or registered.

     22. Dispute Resolution. Any dispute, controversy or claim arising out of or relating
to this Agreement (except for matters covered by Section 13 hereof) shall be settled by arbitration
by the American Arbitration Association (“AAA”) in accordance with the then current rules in effect
governing arbitration of such matters. The arbitration shall be conducted in Tampa, Florida by
three (3) independent and impartial arbitrators. The award rendered by the arbitrators shall be
final and a judgment may be entered upon it according to applicable law in any court having
jurisdiction. The arbitrators shall,

Page 6

 

in the award, allocate the costs and expenses of the arbitration, including AAA fees and expenses,
arbitrator compensation and expenses, the cost of any court reporter or stenographer employed by
the parties and the reasonable attorneys’ fees and expenses of the parties.

     IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date above
first written.

	 	 	 	 	 	 	 
	XRG G&A, INC.	 	 	 	EXECUTIVE:
	a Florida Corporation	 	 	 	 
	 
	 	 	 	 	 	 
	By:
	 	 	 	 	 	 
	 

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:
	 	 	 	 	 	 
	 

	 	 	 	 	 	 

Page 7

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