Document:

EXHIBIT 10.15

                           MEMORANDUM OF UNDERSTANDING

This Memorandum of Understanding (the  "Memorandum")  constitutes a statement of
the mutual understanding between the following parties:

ALTAIR  NANOMATERIALS,  INC having an office at 204 Edison Way,  Reno,  NV 89502
(hereinafter referred to as "Altair"); and

Hosokawa Nano Particle  Technology  Center (USA) an  unincorporated  division of
Hosokawa Micron International Inc., having an office at 10 Chatham Road, Summit,
NJ 07901 (hereinafter referred to "Hosokawa").

The  parties  are   hereinafter   referred  to  singularly  as  a  "Party,"  and
collectively as the "Parties," as the context requires.

This  Memorandum  describes  certain  efforts to be undertaken by the Parties in
exploring the possibility of their collaboration for the purpose of:

         o    developing and using their combined technical  advantage to secure
              a commercial  position in the developing  technologies and markets
              that utilize nano materials (defined as materials that average 100
              nm or less  in  diameter)  in the  electrodes  of  electrochemical
              devices including batteries, capacitors, and supercapacitors, and,

         o    strengthening  the technical and market position of the Parties by
              combining  technological  and  financial  strengths,  and existing
              manufacturing  capabilities  as they apply to enhanced  nano sized
              anode and cathode  materials made or proposed to be made by Altair
              and treated or coated by Hosokawa and,

         o    exploring  and   utilizing   funding  of   development   work  and
              commercialization   activities  including  erection  of  dedicated
              facilities  to supply  commercial  quantities of treated or coated
              nano sized cathode and anode materials for use in  electrochemical
              devices.

Except for the initial  test of the combined  technologies  as described in item
one (1) below,  neither  party shall be bound or  restricted by any provision of
this  Memorandum  with  respect  to  the  negotiation  of a  further  definitive
agreement, nor shall either Party have any obligation to enter into a definitive
agreement  with respect to the matters  described  herein.  Binding  commitments
between  the  Parties  with  respect to  licenses  or  commercial  relationships
described in sections 6 and 7 will result only from the execution of one or more
binding,  definitive agreements mutually acceptable to both parties, and will be
subject  to the  conditions  expressed  therein,  as well  as the due  diligence
investigation  of  each  Party,  the  receipt  of  all  necessary  governmental,
regulatory and financing  approvals,  and compliance with the legal requirements
of applicable jurisdictions.

Altair owns machinery and equipment with  capability and  intellectual  property
including   patents   and  patent   applications   to   manufacture   nano-sized
electrochemical  cathode  and anode  materials  including,  but not  limited to,
LiTi4O12,  LiMnO2,  and LiCoO2.  Hosokawa  owns  machinery  and  equipment  with
capability and intellectual  property to apply particle coatings including,  but
not  limited  to,   conductive   graphite   and  carbon   black  to   nano-sized
electrochemical cathode and anode materials of the types manufactured by Altair.

Based on the foregoing, the Parties acknowledge and agree as follows:

         1. The  Parties  agree to fund a test of the  performance  of  Altair's
nano-sized  Li4Ti5O12  coated by Hosokawa at two density  levels with  acetylene

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black (to be provided by Altair) in Rutgers University's  proprietary assymetric
hybrid  supercapacitor  prototype.  The  initial  screening  test  of  just  two
densities  (which will be  performed  by Rutgers  University  ("Rutgers")  at no
charge  to the  Parties)  will be  followed  by an  optimization  study  using 3
commercial  nano-sized  carbon  sources and applied at two density  levels and 3
weight  percentages  of carbon  coating  (hereafter  referred to as the "Initial
Study") provided

         a.        the Parties  mutually agree that the performance of the first
                   two carbon coated  materials  sufficiently  demonstrates  the
                   merit of funding continuing studies;

         b.        A contract is negotiated  by and among  Altair,  Hosokawa and
                   Rutgers,  which  provides  for  the  protection  of  all  the
                   publication rights and IP interests of Altair and Hosokawa to
                   their mutual satisfaction; and,

         c.        Cost of this  Initial  Study to be paid to Rutgers for making
                   prototype  batteries  and  testing  in  total  will not be in
                   excess  of  $20,000  to  be  shared  equally  by  Altair  and
                   Hosokawa.  Both  Parties  will bear  their own  expenses  for
                   materials preparation, witnessing of tests, publication costs
                   and other expenses associated with the initial screening test
                   and Initial Study.

2.       The Parties  intend to explore and exploit means of funding the testing
         of  additional  materials  prepared  by the  Parties  and/or  alternate
         battery configurations including but not limited to proprietary systems
         used by Rutgers,  Xoliox/Ntera (now HPL) and Yardley Technical products
         and other commercial battery manufacturers.  Such funding may be in the
         form of US  Government  grants or other  sources  of  funding  mutually
         acceptable to the Parties.

3.       Any intellectual  property  utilized or developed by the Parties in the
         course of the Initial Study or any continuation,  extension,  expansion
         or development thereof shall be owned in accordance with the following:
         a) IP related to manufacturing  methods for making  nanomaterials owned
         by Altair and optimized for carbon coating shall remain the property of
         Altair;  b) IP  related  to  carbon  coatings  owned  by  Hosokawa  and
         optimized  for  treatment  of  nanomaterials  supplied by Altair  shall
         remain the property of  Hosokawa;  and c) new IP derived from the joint
         work effort shall be owned jointly by both Parties.

4.       The term of this  Memorandum  shall  continue  through  January 1, 2005
         unless  earlier  terminated as provided in section 5. The Parties agree
         to work together  during the term of this  Memorandum to  commercialize
         applications  that the Parties agree in writing are  meritorious  using
         their combined technologies related to coated nanomaterials of the type
         manufactured by Altair and coated by Hosokawa.  During the term of this
         Memorandum  neither  Party will  undertake  any  project  based upon or
         reasonably deemed to be competitive with, the efforts of the Parties in
         performing  the Initial  Study and follow on work  anticipated  by this
         agreement..

5.       Either Party may terminate this Memorandum if that Party determines, in
         its sole  discretion,  that  meritorious  applications  of the combined
         technologies cannot be identified.  Termination of this Memorandum will
         become effective 60 days after notice of termination is provided by the
         terminating   Party.  The  termination  of  this  Memorandum  will  not
         interfere  with  completion of other  contracts or agreements  that may
         have been entered into by the Parties prior to its termination.

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6.       Commercialization efforts may include preparation of materials,  market
         introductions,  and either or both Parties  entering into contracts and
         subcontracts to best meet the needs of the new  electrochemical  device
         markets as they  develop.  In  developing  commercial  application,  as
         provided  for  above,  it is  understood  that  Altair  will  initially
         manufacture   electrochemically   active   materials   in   their   own
         manufacturing  facilities  and Hosokawa will apply coatings in their or
         related party manufacturing  facilities for products to be delivered to
         third party customers under appropriate agreements.

7.       If the  Parties  agree that the  volume of  materials  required  by the
         market  is  sufficient  to  warrant  the  construction  of a  research,
         development  and  production  facility,  the Parties will  evaluate the
         prospects  of  developing  a  jointly-owned  facility  with each  Party
         providing IP as required via licensing or cross-licensing arrangements,
         providing equity capital or equipment (to the extent  determined by the
         providing  Party) and arranging  necessary  debt financing to build and
         operate   facilities  to  manufacture  and  provide  materials  to  the
         electrochemical device industry as it develops.  Such facilities may be
         operated by either Party, may be owned by an entity or enterprise owned
         by the Parties or may include additional partners or equity holders.

8.       During  the term of this  Memorandum  neither  Party  will  enter  into
         discussions  or  negotiations  with third parties  regarding  exclusive
         licensing  of the  Party's  technology  for the  purpose  of  making or
         selling carbon coated nano-sized electrochemical grade anode or cathode
         materials which are provided by a Party for the activities described in
         sections 1 and 4 without first  notifying the other Party and providing
         the other  Party a  reasonable  time  period  to  initiate  good  faith
         negotiations  regarding alterations to the arrangement  contemplated by
         this Memorandum.

9.       As stated in the  preamble of this  Memorandum,  the parties  recognize
         that they may be unable to agree on appropriate license fees, equitable
         evaluations  of IP, or other  considerations  considered  herein,  and,
         except as  expressly  set forth in this  Memorandum,  neither  Party is
         obligated  to the  other in any  form if the  Parties  do not  agree on
         definitive terms and agreements.

10.      Attached  hereto  as  exhibit  1  is  a  mutual   confidentiality   and
         non-disclosure   agreement  that  shall  be  executed  by  the  Parties
         simultaneous  with the execution of this  Memorandum and which shall be
         governed  by its own  terms  and not by those of this  Memorandum.  The
         Parties agree that this Memorandum will not come into effect should the
         Parties fail to execute the mutual  confidentiality  and non-disclosure
         agreement.  Notwithstanding the foregoing,  it is agreed by the Parties
         that either  Party may upon the Parties'  execution of this  Memorandum
         and  mutual  confidentiality  and  non-disclosure  agreement,  publicly
         disclose the existence of this Memorandum  provided that a draft of the
         proposed disclosure relating to this Memorandum will be provided to the
         other  Party not less than five  business  days prior to the release of
         such information.
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IN WITNESS WHEREOF,  the undersigned  having full authority to bind a Party have
executed this Memorandum as of the date written by their signature below.

Altair Nanomaterials, Inc.        Hosokawa Nano Particle Technology Center (USA)

Signature: /s/ Kenneth E. Lyon    Signature: /s/ C.C. Huang
          ----------------------            ------------------------
Name:     Kenneth E. Lyon        Name:      C.C. Huang

Title: _________________________  Title: ___________________________

Date:     2/13/04                 Date:     2/13/04

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                                                                   EXHIBIT 10.62

                              EMPLOYMENT AGREEMENT

                  This AGREEMENT (the "Agreement") is made as of January 1, 2004
(the "Effective Date"), by and between Nextera Enterprises, Inc., a Delaware
corporation (the "Company"), and Michael J. Dolan (the "Employee"). In
consideration of the mutual covenants contained in this Agreement, the Company
and the Employee agree as follows:

                  1. Employment. Commencing on the Effective Date, the Company
agrees to employ the Employee and the Employee agrees to be employed by the
Company on the terms and conditions set forth in this Agreement.

                  2. Capacity. During the Term (as hereinafter defined), the
Employee shall serve the Company as its Chief Accounting Officer and Corporate
Controller. In such capacity, the Employee shall perform such services and
duties in connection with the business, affairs and operations of the Company
consistent with the Employee's status as Chief Accounting Officer and Corporate
Controller as may be assigned or delegated to the Employee from time to time by
or under the direction and supervision of the Chairman and President or the
officers of the Company as designated by the Board of Directors.

                  3. Term. Subject to the provisions of Section 6, the term of
employment under this Agreement (the "Term") shall be for twelve 12 months from
the Effective Date (the "Initial Term") and shall automatically renew for
periods of one (1) year commencing at the expiration of the Initial Term (the
"End Date") and on each subsequent anniversary of the End Date thereafter,
unless either the Employee or the Company gives written notice to the other not
less than thirty (30) days prior to the End Date or anniversary thereof, as
applicable, of such party's election not to extend the Term.

                  4. Compensation and Benefits. The regular compensation and
benefits payable to the Employee under this Agreement shall be as follows:

                  (a)      Salary. During the Term, for all services rendered by
                  the Employee under this Agreement, the Company shall pay or
                  cause to be paid to the Employee a base salary (the "Salary")
                  at an annual rate of One hundred and fifty-seven thousand five
                  hundred dollars ($157,500).

                  (b)      Bonus. The Employee will be eligible for a
                  discretionary bonus upon approval of the Board of Directors
                  upon the recommendation of the Chairman and President.

                  (c)      Vacation. The Employee's vacation entitlement shall
                  be in accordance with the Company's vacation policy in
                  existence from time to time.

                  (d)      Taxation of Payments and Benefits. The Company shall
                  undertake to make deductions, withholdings and tax reports
                  with respect to payments and Benefits under this Agreement to
                  the extent that it reasonably and in good faith believes that
                  it is required to make such deductions, withholdings and tax
                  reports. Payments under this Agreement shall be in amounts net
                  of any such deductions or withholdings. Nothing in this
                  Agreement shall be construed to require the

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                  Company to make any payments to compensate the Employee for
                  any adverse tax effect associated with any payments or
                  benefits or for any deduction or withholding from any payment
                  or benefit.

                  (e)      Exclusivity of Salary and Benefits. The Employee
shall not be entitled to any payments or benefits other than those provided
under this Agreement (other than customary business expense reimbursements
submitted and approved in accordance with Company policy).

                  5. Extent of Service. During the Employee's employment under
this Agreement, the Employee shall, subject to the direction and supervision of
the Chairman and President and Officers designated by the Board of Directors,
devote substantially all of the Employee's business time, and use the Employee's
best efforts and business judgment, skill and knowledge to the advancement of
the Company's interests and to the discharge of the Employee's duties and
responsibilities under this Agreement. The Employee shall not engage in any
other business activity; provided that nothing in this Agreement shall be
construed as preventing the Employee from:

                  (a)      investing the Employee's assets in any company or
other entity in a manner not prohibited by the Non-Compete, Non-Solicitation,
Proprietary Information, Confidentiality and Inventions Agreement (the
"Non-compete Agreement") referred to in section 7(a) and in such form or manner
as shall not require any material activities on the Employee's part in
connection with the operations or affairs of the companies or other entities in
which such investments are made; or

                  (b)      engaging in religious, charitable or other community
or non-profit activities that do not materially impair the Employee's ability to
fulfill the Employee's duties and responsibilities under this Agreement.

                  6.       Termination and Termination Benefits. Notwithstanding
the provisions of Section 3, the Employee's employment under this Agreement
shall terminate under the following circumstances set forth in this Section 6.

                  (a)      Termination by the Company for Cause. The Employee's
employment under this Agreement may be terminated for Cause without further
liability on the part of the Company effective immediately upon written notice
to the Employee. Only the following shall constitute "Cause" for such
termination:

                           (i)      material dishonest statements or acts of the
                  Employee with respect to the Company or any affiliate of the
                  Company;

                           (ii)     commission by the Employee of, or entry by
                  the Employee of a guilty or no contest plea to, (x) a felony
                  or (y) any misdemeanor involving moral turpitude, deceit,
                  dishonesty or fraud; or

                           (iii)    A willful violation by Employee of a federal
                  or state law, rule or regulation applicable to the business of
                  the Company of a type and kind that is materially adverse to
                  the Company; or

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                           (iv)     willful and material breach of this
                  Agreement or the Non-Compete Agreement by the Employee,
                  consistent unsatisfactory performance, gross negligence,
                  habitual neglect of duties, willful misconduct or willful
                  failure or refusal of the Employee to comply with explicit
                  directions of the Chairman and President or Officers
                  designated by the Board of Directors, which directions are
                  consistent with Section 2 of this Agreement, in each instance
                  after fifteen (15) days written notice and an opportunity to
                  cure.

In making any determination under this Section 6(a), the Board shall act fairly
and in good faith and shall give the Employee an opportunity to appear and be
heard at a meeting with the Chairman and President and other Company management,
which meeting may be held telephonically at the request of either the Company or
the Employee, and present evidence on the Employee's behalf.

                  (b)      Termination by the Employee. The Employee's
employment under this Agreement may be terminated by the Employee by written
notice to the Company at least thirty (30) days prior to such termination.

                  (c)      Termination by the Company Without Cause or by the
Employee with Good Reason. Subject to the payment of Termination Benefits
pursuant to Section 6(d), the Employee's employment under this Agreement may be
terminated by the Company without Cause upon written notice to the Employee by
the Chairman and President or Officers designated by the Board of Directors or
by the Employee with Good Reason upon written notice to the Board. For purposes
of this Agreement, "Good Reason" shall mean, without the Employee's written
consent, the occurrence of any of the following circumstances:

                           (i)      the assignment to the Employee of any duties
                  substantially inconsistent with and inferior to the position
                  of Chief Accounting Officer and Corporate Controller of the
                  Company or a significant adverse alteration in the nature or
                  status of the Employee's responsibilities or the conditions of
                  the Employee's employment as Chief Accounting Officer and
                  Corporate Controller;

                           (ii)     the Company's reduction of the Employee's
                  Salary as in effect on the Effective Date or as the same may
                  be increased from time to time except for across-the-board
                  salary reductions similarly affecting all management personnel
                  of the Company;

                           (iii)    except with respect to an across-the-board
                  benefit plan reduction or elimination similarly affecting all
                  management personnel of the Company, the Company's failure to
                  continue in effect any material compensation or benefit plan
                  in which the Employee participates, unless an equitable
                  arrangement (embodied in an ongoing substitute or alternative
                  plan) has been made with respect to such plan, or the
                  Company's failure to continue the Employee's participation
                  therein (or in such substitute or alternative plan) on a basis
                  not materially less favorable, both in terms of the amount of
                  benefits provided and the level of the Employee's
                  participation relative to other participants; or

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                           (iv)     the Company-required relocation of the
                  Employee's residence; provided; however, Employee acknowledges
                  that he may be required to spend a substantial amount of time
                  traveling on Company business. The Company shall pay for all
                  of Employee's reasonable travel and living expenses associated
                  with such travel from the Boston metropolitan area;

                           (v)      the Company's failure to pay to the Employee
                  any portion of the Employee's current compensation or to pay
                  to the Employee any portion of an installment or deferred
                  compensation under any deferred compensation program of the
                  Company within seven (7) days of the date such compensation is
                  due;

                           (vi) except with respect to an across-the-board
                  benefit plan reduction or elimination similarly affecting all
                  management personnel of the Company, the Company's failure to
                  continue to provide the Employee with benefits substantially
                  similar to those currently enjoyed by the Employee under any
                  of the Company's life insurance, medical, health and accident,
                  or disability plans in which the Employee participates, the
                  taking of any action by the Company which would directly or
                  indirectly materially reduce any of such benefits, or the
                  failure by the Company to provide the Employee with the number
                  of paid vacation days to which the Employee is entitled on the
                  basis of years of service with the Company in accordance with
                  the Company's normal vacation policy; or

                           (vii)    in the event the Company engages in a merger
                  or other business combination or a sale of all or
                  substantially all of its assets, the failure of any successor
                  to the Company to expressly assume the obligations of the
                  Company under this Agreement.

                  (d)      Certain Termination Benefits. Unless otherwise
specifically provided in this Agreement or otherwise required by law, all
compensation and benefits payable to the Employee under this Agreement shall
terminate on the date of termination of the Employee's employment under this
Agreement. Notwithstanding the foregoing, in the event of termination of the
Employee's employment with the Company pursuant to Section 6(c) or the Company's
failure to renew this Agreement as contemplated by Section 6(g), subject to the
Employee's continuing compliance with his obligations under the Non-Compete
Agreement (other than those under the Section entitled
"Non-Compete/Exclusivity") the Company shall provide to the Employee the
following termination benefits ("Termination Benefits"):

                           (i)      continuation of the Employee's Salary at the
                  rate then in effect pursuant to Section 4(a);

                           (ii)     a bonus of twenty-five percent (25%) of the
                  base salary earned in the calender year of the termination.

                           (iii)    continuation of all Benefits to the extent
                  authorized by and consistent with 29 U.S.C. Section 1161 et
                  seq. (commonly known as "COBRA"), with the cost of the regular
                  premium for such Benefits shared in the same relative

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                  proportion by the Company and the Employee as in effect on the
                  date of termination;

                           (iv)     the Termination Benefits set forth in (i),
                  (ii), and (iii) above shall continue effective until six
                  months from the date of the termination of the Employee's
                  employment, and will include such payments for accrued
                  vacation pay and any similar items required by law.
                  Notwithstanding the foregoing, nothing in this Section 6(d)
                  shall be construed to affect the Employee's right to receive
                  COBRA continuation entirely at the Employee's own cost to the
                  extent that the Employee may continue to be entitled to COBRA
                  continuation after the Employee's right to cost sharing under
                  Section 6(d)(iii) ceases;

                           (v)      Any options exercisable for Class A Common
                  Stock granted to the Employee which are not vested at that
                  time shall be deemed to have vested to the extent of fifty
                  percent (50%) of such remaining unvested portion;

                           (vi)     Employee will be released from the
                  restrictions and covenants contained within the section
                  entitled "Non-Compete/Exclusivity" under the Non-Compete
                  Agreement executed by Employee, and upon termination of the
                  payment of the Termination Benefits set forth in (i), (ii),
                  and (iii) above, Employee will be released from the
                  restrictions and covenants contained within the section
                  entitled "Non-Solicitation" under the Non-Compete Agreement
                  executed by Employee; provided, however, that at Employee's
                  option upon prior written notice to the Company, Employee
                  shall be released from the restrictions and covenants
                  contained within the section entitled "Non-Solicitation" under
                  the Non-Compete Agreement executed by Employee, and the
                  Company shall have no further liability or obligation for the
                  payment of any remaining Termination Benefits under Sections
                  6(d)(i), 6(d)(ii) and 6(d)(iii) from and after the date of
                  such notice, which Termination Benefits shall be forfeited by
                  Employee; and

                           (vii)    In addition to the foregoing, in the event
                  of the termination of the Employee's employment with the
                  Company for any reason, the Employee shall be entitled to
                  payment of any accrued and unpaid Benefits for which the
                  Employee may otherwise be vested or entitled in accordance
                  with the terms of the applicable plans governing such Benefits
                  and to payment for reimbursable expenses under applicable
                  Company policy within thirty (30) days of termination.

                  (e)      Disability. At the election of the Company, this
Agreement shall terminate on such date as may be selected by the Company after
the Employee shall have failed to render and perform the services required of
him under this Agreement during any period of 90 days within any 120 day period
during the Term because of physical or mental disability. In the event of such
termination, the Company shall have no further obligation for the payment of
compensation or benefits hereunder, except (i) for compensation accrued and
unpaid through the termination date and (ii) the payment of any disability
insurance to which the Employee may be entitled. If there should be any dispute
between the parties as to the Employee's physical or mental incapacity or
disability pursuant to this Section 6(e), such question shall be settled by the
opinion of an approved medical doctor. For this purpose an approved medical
doctor shall mean

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a medical doctor selected by the Company and the Employee. If the parties cannot
agree on a medical doctor, each party shall select a medical doctor and the two
doctors shall select a third who shall be the approved medical doctor for this
purpose. The opinion of such medical doctor as to the matter in dispute shall be
final and binding on the parties.

                  (f)      Death. In the event of termination as a result of the
Employee's death, the Company shall have no further obligation to the Employee's
representatives and heirs hereunder.

                  (g)      Failure to Renew Agreement. In the event the Company
elects not to extend the term of this Agreement as permitted by Section 3 and
the Employee's employment is terminated, the Employee shall be entitled to the
Termination Benefits described in Section 6(d). In the event that the Employee
elects not to extend the Term of this Agreement as provided in Section 3 and the
Employee's employment is terminated, the Employee shall be entitled to the
termination benefits described in Section 6(d)(vi).

                  7. Non-Compete, Non-Solicitation, Proprietary Information,
Confidentiality and Inventions Agreements.

                  (a)      The Employee agrees to sign the Non-Compete,
Non-Solicitation, Proprietary Information, Confidentiality and Inventions
Agreement, the form of which is attached hereto as Exhibit "A" and, except as
set forth in Section 6(d)(vi), to comply with such Agreement during the Term.

                  (b)      Litigation and Regulatory Cooperation. During the
Employee's employment, the Employee shall cooperate fully with the Company in
the defense or prosecution of any claims or actions now in existence or which
may be brought in the future against or on behalf of the Company which relate to
events or occurrences that transpired while the Employee was employed by the
Company; provided, however, that the Employee shall be permitted to give
testimony and appear as a witness in any proceeding in which such testimony or
appearance is required by law. The Employee's full cooperation in connection
with such claims or actions shall include, but not be limited to, being
available to meet with counsel to prepare for discovery or trial and to act as a
witness on behalf of the Company at mutually convenient times. During the
Employee's employment, the Employee also shall cooperate fully with the Company
in connection with any investigation or review of any federal, state or local
regulatory authority as any such investigation or review relates to events or
occurrences that transpired while the Employee was employed by the Company. The
Employee also agrees to provide reasonable cooperation to the Company on matters
of the type described in this Section 7(a) after termination of the Employee's
employment. The Company shall reimburse the Employee for any reasonable
out-of-pocket expenses incurred in connection with the Employee's performance of
obligations pursuant to this Section 7(b).

                  (b)      Remedies. The Employee agrees that it would be
difficult to measure any damages caused to the Company which might result from
any breach by the Employee of the promises set forth in this Section 7, and that
in any event money damages would be an inadequate remedy for any such breach.
Accordingly, the Employee agrees that if the Employee breaches, or proposes to
breach, any portion of this Section 7, the Company shall be entitled, in
addition to all other remedies that it may have, to an injunction or other
appropriate equitable

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relief to restrain any such breach without showing or proving any actual damage
to the Company.

                  8. General.

                  (a)      Arbitration of Disputes. Any controversy or claim
arising out of or relating to this Agreement or the breach thereof or otherwise
arising out of the Employee's employment or the termination of that employment
(including, without limitation, any claims of unlawful employment discrimination
whether based on age or otherwise) shall, to the fullest extent permitted by
law, be settled by arbitration in any forum and form agreed upon by the parties
or, in the absence of such an agreement, under the auspices of the American
Arbitration Association ("AAA") in Boston, Massachusetts, the Employment Dispute
Resolution Rules of the AAA, including, but not limited to, the rules and
procedures applicable to the selection of arbitrators, except that the
arbitrator shall apply the law as established by decisions of the U.S. Supreme
Court and the federal and state courts sitting in Massachusetts in deciding the
merits of claims and defenses under federal law or any state or federal
anti-discrimination law, and any awards to the Employee for violation of any
anti-discrimination law shall not exceed the maximum award to which the Employee
could be entitled under the applicable (or most analogous) anti-discrimination
or civil rights laws. In the event that any person or entity other than the
Employee or the Company may be a party with regard to any such controversy or
claim, such controversy or claim shall be submitted to arbitration subject to
such other person or entity's agreement. Judgment upon the award rendered by the
arbitrator may be entered in any court having jurisdiction thereof. The
arbitrator shall have the authority to grant the prevailing party reasonable
costs and expenses, including reasonable attorney's fees and the costs of the
arbitration. This Section 8(a) shall be specifically enforceable.
Notwithstanding the foregoing, this Section 8(a) shall not preclude either party
from pursuing a court action for the sole purpose of obtaining a temporary
restraining order or a preliminary injunction in circumstances in which such
relief is appropriate; provided that any other relief shall be pursued through
an arbitration proceeding pursuant to this Section 8(a).

                  (b)      Integration. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and
supersedes all prior understandings and agreements between the parties, whether
oral or written, with respect to any related subject matter.

                  (c)      Assignment: Successors and Assigns, etc. Neither the
Company nor the Employee may make any assignment of this Agreement or any
interest herein, by operation of law or otherwise, without the prior written
consent of the other party; provided that the Company may assign its rights
under this Agreement without the consent of the Employee in the event that the
Company shall effect a reorganization, consolidate with or merge into any other
corporation, partnership, organization or other entity, or transfer all or
substantially all of its properties or assets to any other corporation,
partnership, organization or other entity; provided such successor is the
functional equivalent of the Company. This Agreement shall inure to the benefit
of and be binding upon the Company and the Employee, their respective
successors, executors, administrators, heirs and permitted assigns.

                                       7
<PAGE>

                  (d)      Enforceability. If any portion or provision of this
Agreement (including, without limitation, any portion or provision of any
section of this Agreement) shall to any extent be declared illegal or
unenforceable by a court of competent jurisdiction, then that court shall have
the power to alter such provision to make it enforceable to the fullest extent
permitted by law. The remainder of this Agreement, or the application of such
portion or provision in circumstances other than those as to which it is so
declared illegal or unenforceable, shall not be affected thereby, and each
portion and provision of this Agreement shall be valid and enforceable to the
fullest extent permitted by law.

                  (e)      Waiver. No waiver of any provision hereof shall be
effective unless made in writing and signed by the waiving party. The failure of
any party to require the performance of any term or obligation of this
Agreement, or the waiver by any party of any breach of this Agreement, shall not
prevent any subsequent enforcement of such term or obligation or be deemed a
waiver of any subsequent breach.

                  (f)      Notices. Any notices, requests, demands and other
communications provided for by this Agreement shall be sufficient if in writing
and delivered in person or sent by a nationally recognized overnight courier
service or by registered or certified mail, postage prepaid, return receipt
requested, to the Employee at the last address the Employee has filed in writing
with the Company or, in the case of the Company, at its main offices, attention
of the Chairman and President, and shall be effective on the date of delivery in
person or by courier or three (3) days after the date mailed.

                  (g)      Amendment. This Agreement may be amended or modified
only by a written instrument signed by the Employee and by a duly authorized
representative of the Company.

                  (h)      Counterparts. This Agreement may be executed in any
number of counterparts, each of which when so executed and delivered shall be
taken to be an original; but such counterparts shall together constitute one and
the same document.

                  9. Consent to Jurisdiction.

                  (a)      Governing Law. This contract shall be construed under
and be governed in all respects by the laws of the State of Massachusetts
without giving effect to the conflict of laws principles of such state.

                  (b)      Consent to Jurisdiction. To the extent that any court
action is permitted consistent with or to enforce Section 8(a) of this
Agreement, the parties hereby consent to the jurisdiction of the state and
federal courts in Boston, Massachusetts. Accordingly, with respect to any such
court action, each of the Employee and the Company (a) submits to the personal
jurisdiction of such courts; (b) consents to service of process; and (c) waives
any other requirement (whether imposed by statute, rule of court, or otherwise)
with respect to personal jurisdiction or service of process.

Termination of Prior Employment Agreements. All prior employment agreements
between the Employee and the Company or any of its subsidiaries or affiliates by
and between the Employee and Nextera Enterprises, Inc., and all amendments and
renewals thereof, are superseded by this

                                       8
<PAGE>

Agreement and are terminated and are null and void, except that the Employee
shall be entitled to any accrued and unpaid salary, bonus or benefits under his
prior employment agreement through the Effective Date.

                                       9
<PAGE>

                  11.      INTENDING TO BE LEGALLY BOUND by this Agreement and
IN WITNESS THEREOF, the undersigned parties have executed this Agreement as of
this 3rd day of March, 2004.

                            NEXTERA ENTERPRISES, INC.

                             By: /s/ Michael P. Muldowney
                                 --------------------------------
                             Its: President and Chief Financial Officer

                             Michael J. Dolan
                             State of Residence:  Massachusetts

                             /s/ Michael J. Dolan
                             ------------------------------------

                                       10
<PAGE>

                                    EXHIBIT A

             NONCOMPETE, NON-SOLICITATION, PROPRIETARY INFORMATION,
                    CONFIDENTIALITY AND INVENTIONS AGREEMENT

                  This Agreement is made as of January 1, 2004, by and between
Nextera Enterprises Inc., a Delaware corporation, and the undersigned Employee.
Employee and Nextera have also entered into an Employment Agreement of even date
herewith (the "Employment Agreement"). In consideration of the employment and
continued employment of Employee by Nextera Enterprises, Inc., its successors,
subsidiaries and affiliates (collectively, "Nextera"), the Employee agrees to
certain restrictions on activities necessary to avoid conflicts of interest,
ensure the exclusivity of Employee's services and protect the goodwill,
confidential information, and legitimate business interests of Nextera and its
clients. To further these objectives, the Employee agrees to comply with the
following provisions of this Agreement ("Agreement") as follows:

NONCOMPETE/EXCLUSIVITY

During the period of employment by Nextera:

         1.       the Employee will devote substantially all of the Employee's
                  business time to the business of Nextera in accordance with
                  Section 6 of the Employee's Employment Agreement with Nextera
                  of even date herewith;

         2.       will not engage in any business activity, current or proposed,
                  which competes with the services or products being developed,
                  marketed or sold by Nextera; and

         3.       will not, without prior written consent of Nextera, invest in,
                  enter into or assist any venture, enterprise, or endeavor
                  which competes or intends to compete with Nextera, other than
                  as a less than five percent (5%) stockholder of a publicly
                  held company or a stockholder of a publicly held company which
                  derives none or an immaterial portion (i.e., less than ten
                  percent (10%)) of its revenues from services which compete
                  with the services of Nextera.

The Employee represents that, to the best of the Employee's knowledge,
employment by Nextera will not conflict with any agreement to which the Employee
is subject.

NON-SOLICITATION

         1.       The Employee acknowledges that the names and details of the
                  firms with whom the Employee's has dealings while employed by
                  Nextera constitute trade secrets belonging to Nextera. In
                  order to preserve Nextera's trade secrets, during employment
                  with Nextera and for a period of two (2) years after
                  termination of the Employee's employment with Nextera for any
                  reason, which two (2) year period or restrictions shall be
                  reduced or eliminated as provided in the Employment Agreement
                  in the event that Nextera terminates Employee's employment
                  without Cause (as defined in the Employment Agreement) or

                                       1
<PAGE>

                  Employee terminates his employment for Good Reason (as defined
                  in the Employment Agreement):

                  (a)      the Employee will not solicit or cause to be
                           solicited, or aid in the solicitation of business
                           from firms for which the Employee did work or from
                           whom the Employee actively solicited business during
                           the Employee's employment with Nextera or any of its
                           subsidiaries or affiliates; and

                  (b)      the Employee will not directly or indirectly contact
                           or solicit any employee of Nextera with regard to
                           present, future or contemplated employment
                           opportunities on behalf of himself, or any other
                           person, firm, corporation, governmental agency or
                           other entity.

PROPRIETARY INFORMATION

         1.       Proprietary Information refers to any information, not
                  generally known in the relevant trade or industry, which was
                  obtained from Nextera or any of its clients, past, present, or
                  prospective, other than information that is or becomes known
                  to the public or trade through no breach of this Agreement by
                  the Employee.

         2.       Proprietary Information includes, but is not limited to, the
                  following items, whether or not labeled as such: customer
                  lists, notes, drawings and writings; computer programs
                  (including source and object codes), algorithms, systems,
                  tools, spreadsheets, related documentation such as user
                  manuals, functional and technical specifications, system
                  descriptions, program documentation, output reports, terminal
                  displays, and data file contents; plans, process and
                  preparations for Nextera's current and proposed business
                  activities; discoveries, inventions, developments, ideas,
                  research, engineering, designs, and products; projects and
                  improvements made or conceived in connection with Nextera's
                  customer and prospective customer's lists; and marketing and
                  financial data of Nextera and its clients.

         3.       The Employee agrees not to disclose the existence of or
                  contents of any documents, records, discs, tapes, and other
                  media that contain Proprietary Information, and will not copy
                  or remove any such material from Nextera or its client's
                  premises, except as required by the Employee's duties or as
                  approved by an authorized officer of Nextera.

         4.       The Employee agrees to comply with all restrictions and
                  regulations of Nextera's clients concerning any and all
                  information such clients deem proprietary or confidential.

         5.       The Employee agrees that any material relating to any matter
                  within the scope of the business of Nextera, and any materials
                  of clients of Nextera, is and shall remain the property of
                  Nextera or such clients, as the case may be, and that upon
                  termination of employment or at any earlier time as requested
                  by Nextera, the

                                       2
<PAGE>

                  Employee will immediately deliver such material and all copies
                  in Employee's possession or control to Nextera or such
                  clients, as the case may be.

         6.       Nextera may provide the Employee with equipment (portable
                  personal computer, software, etc.) for Employee's use in the
                  course of employment by Nextera. The Employee acknowledges
                  that any such equipment will remain the exclusive property of
                  Nextera, and the Employee agrees to deliver such equipment to
                  Nextera, as directed by Nextera, upon termination of
                  employment for any reason, or at any time upon request of
                  Nextera.

CONFIDENTIALITY

         1.       Except in connection with the Employee's duties for Nextera,
                  the Employee will not use or disclose to anyone outside
                  Nextera, and will not use any Proprietary Information or
                  material relating to the business of Nextera, or its clients,
                  either during or after employment by Nextera, except with the
                  written permission of Nextera.

         2.       The Employee will not disclose to Nextera, and will not induce
                  Nextera to use any confidential information or material
                  belonging to others where such disclosure would, to the
                  Employee's knowledge, violate any rights of, or any duty owing
                  to, a third party.

         3.       The Employee agrees not to discuss any information or respond
                  to any inquiries from the press or other information agencies
                  regarding Nextera without the express permission of Nextera,
                  other than responding in the ordinary course of business to
                  inquiries regarding the consulting industry generally or work
                  done for clients of Nextera.

         4.       The Employee shall be permitted to give testimony and appear
                  as a witness in any proceeding in which such testimony or
                  appearance is required by law, provided the Employee
                  reasonably furnishes notice to Nextera in order to enable
                  Nextera to seek a protective order, if applicable.

INVENTIONS

         1.       The Employee agrees to disclose promptly and fully to Nextera
                  all developments, inventions, discoveries, improvements, and
                  proposals for new programs, systems, services, products,
                  tools, or business endeavors which are related to any business
                  activity by Nextera, current or proposed (collectively called
                  "Developments").

         2.       The Employee hereby assigns to Nextera the Employee's entire
                  right, title, and interest in each and every work product or
                  Development related to any business activity by Nextera,
                  current or proposed (collectively called "Work Product"):

                  (a)      made, developed or conceived solely by the Employee
                           or jointly with others during or in the course of the
                           Employee's employment by Nextera,

                                       3
<PAGE>

                  (b)      made, developed or conceived wholly or partially as
                           the result of any task assigned to the Employee or
                           any work performed by the Employee for or on behalf
                           of Nextera or its clients, and/or

                  (c)      made or developed with the use of Nextera facilities
                           or equipment.

         3.       The Employee agrees to grant to Nextera a right of first
                  refusal to market on a mutually agreed royalty basis, and a
                  perpetual non-exclusive license to use, each and every Work
                  Product or Development made, developed or conceived by the
                  Employee during employment by Nextera which is not covered
                  under the preceding paragraph.

         4.       During employment with Nextera, the Employee agrees to provide
                  Nextera with copies of any manuscripts produced by the
                  Employee relating to the business of Nextera or which refers
                  to Nextera in any manner for approval by Nextera prior to
                  submission for publication.

         5.       The Employee does not, however, assign any Developments, if
                  any, relating in any way to Nextera business which were made
                  prior to employment with Nextera, which Developments, if any,
                  are identified on Exhibit A, attached to this Agreement.

GENERAL

         1.       The Employee's obligations under this Agreement shall survive
                  the termination of employment. The Employee understands that
                  this Agreement does not create an obligation of Nextera or any
                  other party to continue employment.

         2.       Nextera shall have the unrestricted right to assign this
                  Agreement to its parent company, its affiliates, and any and
                  all successors in interest.

         3.       It is agreed that Nextera may inform any person or entity
                  subsequently employing or evidencing an intention to employ,
                  Employee of the nature of the information Nextera asserts to
                  be confidential, and may inform said person or entity of the
                  existence of this Agreement, and provide to such persons or
                  entity a copy of this Agreement.

         4.       Any breach of this Agreement by the Employee may cause
                  irreparable damage, and in the event of such a breach, Nextera
                  shall have, in addition to any remedies at law, the right to
                  an injunction to prevent or restrain a breach of the
                  Employee's obligations hereunder.

         5.       Nextera's failure to exercise any rights under this Agreement
                  does not constitute a waiver of such right in the event of a
                  subsequent violation of this Agreement.

         6.       This Agreement shall be governed by the laws of the state of
                  Employee's employment.

                                       4
<PAGE>

         7.       In the event a court of competent jurisdiction shall determine
                  that any provision in this Agreement is too restrictive in
                  scope or duration, then that court shall have the power to
                  alter such provision to make it enforceable to the fullest
                  extent permitted by law. Such a determination shall not have
                  the effect of rendering any other provision herein contained
                  invalid.

                                       5
<PAGE>

         INTENDING TO BE LEGALLY BOUND by this Agreement and IN WITNESS THEREOF,
the undersigned parties have executed this Agreement as of this 3rd day March ,
2004.

                            NEXTERA ENTERPRISES, INC.

                            By: _____________________________
                            Its: ____________________________

                            MICHAEL J. DOLAN
                            State of Residence: Massachusetts
                            _________________________________

                                       6

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