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                                                                  EXHIBIT 10.93

                          DEDICATED SERVICE AGREEMENT

         This Dedicated Service Agreement (this "Agreement") is made and
entered into as of April 22, 2002 between GOODY'S FAMILY CLOTHING, INC. and
GOODY'S MS, L.P. (collectively, "Goody's") and LANDAIR TRANSPORT, INC.
("Landair"):

                              W I T N E S S E T H:

         WHEREAS, Goody's, in connection with the operation of its business,
has certain distribution needs and requirements for dedicated motor carriage
transportation and related services and desires to utilize Landair on a
non-exclusive basis to perform such services; and

         WHEREAS, Landair, as an independent contractor, desires to furnish
distribution services, including dedicated motor carrier services to Goody's
for the transportation of general commodities and represents that it is a duly
qualified contract motor carrier; and

         WHEREAS, Landair desires and agrees to provide the transportation and
related services required by Goody's;

         NOW, THEREFORE, in consideration of the premises and the mutual
agreement herein contained, the parties hereto agree as follows:

         1.       SERVICES: Goody's agrees to tender to Landair property for
transportation by Landair in interstate and/or intrastate commerce within the
areas of the United States indicated on Schedule 1. Under this Agreement,
Landair will dedicate equipment and services as indicated by the attached
Schedules, Exhibits and Addenda, each of which is incorporated by reference
herein and made a part of this Agreement. The terms of this Agreement shall
apply to all shipments tendered by Goody's and transported by Landair. Every
shipment tendered hereunder shall be deemed to be part of a continuous series
of shipments tendered to Landair as a motor contract carrier during the term of
this Agreement and shall be subject only to the terms of this Agreement and to
provisions of all laws.

         2.       TERM: This Agreement shall remain in effect for an initial
term commencing on April 22, 2002, and ending on June 30, 2004 (the "Initial
Term"). Thereafter this Agreement shall automatically extend for 2 additional
1-year terms on the same terms and conditions, excepting the rates, charges and
provisions of Schedule 3; provided, however, either party may cause this
Agreement to cease any such automatic extension(s) by giving prior written
notice to the other at least 120 days before the end of the Initial Term, or
subsequent extended 1-year term, as applicable. In the event Goody's elects to
terminate this Agreement at the conclusion of the Initial Term or thereafter,
Goody's understands and agrees that the provisions in the last paragraph of
Section 3 hereof shall apply. Nothing in this Section 2 shall be construed as
limiting, abridging or superseding any right of cancellation or termination of
this Agreement as may be provided for elsewhere in this Agreement.

         3.       DEDICATED SERVICES AND EQUIPMENT: Goody's understands that
based upon its identified needs for the services provided under the terms of
this Agreement, Landair will procure and identify equipment, drivers and other
resources that are required to meet the service requirements under this
Agreement. Landair and Goody's agree that the services provided in

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accordance with this Agreement are designed to meet the distinct needs of
Goody's and some of these distinct needs include, but are not limited to, the
following:

                  (a)      Rates, charges and rules negotiated between parties
                           and reduced to written form in the Exhibits, Addenda
                           and Schedules attached hereto and made a part
                           hereof, which can be changed only by mutual written
                           consent of the parties;

                  (b)      Landair shall provide Goody's with written notice of
                           any adjustments to the rates listed in Schedule 3 at
                           least 145 days prior to the expiration date of the
                           Initial Term, or extended term, if applicable; and

                  (c)      The services provided in accordance with this
                           Agreement by Landair will be performed through the
                           use of dedicated equipment.

         In exchange for the provision by Landair of the dedicated handling
equipment set forth on Schedule 2 (the "Dedicated Handling Equipment"), Goody's
agrees that in the event Goody's, upon written notice of non-renewal as
provided in Section 2, terminates this Agreement at the end of the Initial
Term, then Goody's shall, or shall cause its designated vendor to purchase from
Landair all of such Dedicated Handling Equipment for $89,723. Further, Goody's
agrees that in the event Goody's, upon written notice of non-renewal as
provided in Section 2, terminates this Agreement on or before June 30, 2005,
then Goody's or its designated vendor shall purchase from Landair all of such
Dedicated Handling Equipment for $44,862. In the event such termination by
Goody's is due to Landair's breach of this Agreement, or occurs after June 30,
2005, Goody's shall not have any obligation to purchase the Dedicated Handling
Equipment. In the event of the purchase of such Dedicated Handling Equipment,
Landair shall, in exchange for Goody's payment, deliver the Dedicated Handling
Equipment to Goody's with (i) an itemized invoice listing the Dedicated
Handling Equipment; (ii) an unconditional bill of sale listing the Dedicated
Handling Equipment and representing that it is free and clear of all liens and
encumbrances and that all taxes are paid; and (iii) a written certificate
acknowledging that the Dedicated Handling Equipment is in useable condition,
normal wear and tear excepted, and assigning all warranties to such Dedicated
Handling Equipment.

         4.       PAYMENT: As full compensation for the services provided by
Landair pursuant to the terms and conditions of this Agreement, Goody's shall
pay Landair in accordance with the rates, charges and provisions appearing in
Schedule 3 attached hereto. Rates and charges set forth on Schedule 3 will
apply on prepaid shipments. Any and all provisions, rates, rules, charges and
other terms and conditions of said Schedule 3 are to be considered by the
parties as part of this Agreement as of the effective date of this Agreement,
and all subsequent modifications, changes and alterations of such Schedule 3,
as may be negotiated between Goody's and Landair and mutually agreed to by them
must be in writing and shall thereafter become a part of this Agreement.
Landair agrees to invoice Goody's on a weekly basis (with weekly adjustment
invoices, if any, showing diesel fuel rates per the Gulf Coast Region Index and
the mileage for the previous week with documented freight bills in
substantially the form attached hereto as Exhibit A) and Goody's agrees to
issue payment for the services provided under the terms of this Agreement
within 15 days from receipt of Landair's correct invoice.

         5.       INDEPENDENT CONTRACTOR: Landair shall perform the services
hereunder as an independent contractor and shall have exclusive control and
direction of the persons operating

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the equipment or otherwise engaged in such transportation services. Landair
assumes full responsibility for the acts and omissions of such persons and,
when applicable, shall have exclusive liability for the payment of local, state
and federal payroll taxes or contributions or taxes for unemployment insurance,
workers' compensation, old age pensions or other social security and related
protection with respect to the persons engaged in the performance of such
transportation services and agrees to comply with all applicable rules and
regulations pertaining thereto. Landair, in the performance of its duties and
responsibilities under this Agreement, shall employ in the operation of the
equipment only competent, able and legally licensed personnel, with the costs
and expenses associated with the employment of such persons being the cost and
expense of the Landair; such personnel shall maintain a proper appearance and
uniform.

         6.       OPERATING EXPENSE AND EQUIPMENT DAMAGE: Landair shall bear
the costs and expenses of the furnishing of all fuel, fuel taxes and
surcharges, oil, tires and other parts, supplies and equipment necessary or
required for the safe operation and maintenance of the equipment, except as
otherwise provided herein. Landair shall bear all expenses, including the
expense of road service and repair, in connection with the use and operation of
the equipment (including, without limitation, insurance premiums and
highway/road use taxes) and shall bear the cost and expense of maintaining the
equipment in good repair, and mechanical condition, except as otherwise
provided herein. Goody's agrees to reimburse Landair for the cost of any
repairs resulting from damage caused by equipment used when loading and/or
unloading, provided that Goody's or its consignee is proven to be responsible
for said damage and is immediately notified of the damage. Landair agrees to
reimburse Goody's for the cost of any repairs resulting from damage caused by
equipment when loading/unloading/delivering, provided that Landair or its
affiliates is proven to be responsible for said damage and is immediately
notified of the damage. Payments by Goody's to Landair or Landair to Goody's
(as applicable) pursuant to the provisions of this Section 6 shall be made
within 60 days following receipt of the other party's invoice and supporting
documentation of the claim.

         7.       PERFORMANCE: Landair shall transport and carry said goods
without delay caused by anything within Landair's control and to expedite
shipments when necessary under the direction of Goody's in accordance with
Exhibits B and C and Addendum A. Landair shall strictly adhere to Goody's
delivery schedule and shall have replacement drivers available (if necessary)
within 4 hours of any problem with Landair's designated driver. Transportation
of property pursuant to the terms and conditions of this Agreement and Exhibits
B and C and Addendum A hereto, shall include a written receipt, in the form of
a delivery receipt as set forth in Exhibit D hereto, or such other form as
agreed to and signed by the parties, showing the kind and quantity of
commodities received and delivered by Landair. Such receipts shall be evidence
of receipt of such commodities by Landair in good order and condition based on
Goody's' load and count. Landair shall maintain an on-time service rating of
96% as measured on a calendar quarter basis (the "On-Time Service Rating"). The
terms and conditions outlined in this Agreement shall take precedence over all
other terms and conditions including those provisions noted on the bill of
lading, either written or inferred. Landair has no right or claim to Goody's
shipments and Landair shall not file a lien on or against any of Goody's
shipments.

         8.       LICENSES AND PERMITS: Landair shall procure and, during the
term of this Agreement, maintain at its expense, all licenses, certificates and
permits required by any local, state or federal government agency for such
contract transportation services and will comply with all laws and regulations
applicable thereto. Landair shall notify Goody's in writing immediately in the
event of any suspension, cancellation, termination, withdrawal, modification

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or transfer of the motor contract carrier permit. Landair represents and
warrants that it has all the permits and licenses necessary to perform the
services described in this Agreement and that there are no outstanding liens,
claims or penalties relative to such permits or licenses.

         9.       INSURANCE: Landair, at its expense, shall maintain in force
such insurance to cover equipment furnished, or service performed (including,
without limitation, the service described in Section 21), as is required by the
regulations of all governmental bodies and agencies, but not less than the
following minimum limits. Landair further agrees to furnish Goody's
certificates showing evidence of such insurance coverage on or before the
commencement of the Initial Term and thereafter upon Goody's request. Landair
shall immediately provide Goody's with notice of any significant changes in its
insurance coverages regarding this Agreement. Such policies shall name Goody's
as an additional insured (and as a loss payee regarding the cargo) and shall
contain a waiver of subrogation releasing Goody's from any claims.
Notwithstanding the provisions of this Section 9 to the contrary, Landair shall
list Goody's as an additional insured under its policies of insurance (and as a
loss payee regarding the cargo), but not to the extent that it would preclude
Landair from asserting its rights against Goody's under its policy of insurance
arising from any claims, suits, costs, damages, expenses and liabilities,
including without limitation, reasonable attorneys' fees, arising from personal
injury, death and property damage resulting from the negligence or acts of
Goody's, its agents, servants, employees, invitees or related third parties.
Certificates shall be delivered to a person designated by Goody's at the
address set forth in Section 16 and shall provide 30 days prior written notice
to Goody's before such insurance may be canceled or altered.

         Landair confirms that it has and shall maintain employee theft
coverage for up to $250,000 and the cargo liability coverage set forth below.

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<TABLE>
<CAPTION>
                  COVERAGE                                     MINIMUM LIMITS
                  --------                                     --------------
         <S>                                                   <C>
         Workers' Compensation                                 Statutory
         Employer's Liability                                  $250,000

         Commercial Automobile Liability
         Owned, Non-Owned & Hired Vehicles:
                  Bodily Injury                                $5,000,000 Combined Single Limit
                  Property Damage                              Each Accident

                  Commercial General Liability,
                  including Contractual Coverage
                  for this Agreement (including Section 21)
                  and Contractor's Protective Coverage
                           Bodily Injury                      $5,000,000 Combined Single Limit
                           Property Damage                    Each Accident
                           Cargo Liability                    $1,000,000 Per Vehicle
</TABLE>

         Landair shall maintain umbrella excess general liability coverage for
losses up to $25,000,000 during the term of this Agreement. Goody's understands
and agrees that it will not be named as an additional insured under the excess
policy.

         10.      MEASURE OF LOSS: The measurement of the loss, damage or
injury shall be Goody's' cost plus $0.09 per item ("damages") applicable to the
kind and quantity of commodities so lost, damaged or destroyed, including
shortages. Landair's liability for loss of product shall be limited to
$1,000,000 per trailer and, the liability relating to shortages shall be
limited to shortages which are documented and resulting from a broken seal upon
delivery inspection (or other violation of Exhibits B or C of this Agreement)
by Goody's. Shortages shall be timely reported to the other party as set forth
in the Schedules and Exhibits hereto. Landair shall not be responsible for
consequential damages resulting from commodity loss. Goody's shall deduct from
its damages the reasonable salvage value determined by Goody's (or Goody's
underwriter) of any damaged commodity, if applicable. Payments by Landair to
Goody's pursuant to the provisions of this Section 10, there being no remaining
issue of liability, shall be made within 30 days following receipt by Landair
of Goody's' invoice and supporting documentation, including salvage value
documentation, if any, for the claim.

         11.      CLAIMS PROCESSING: The parties to this Agreement acknowledge
the application and controlling status of provisions of Part 1005 of Title 49,
Code of Federal Regulations, and 49 U.S.C. Section 11707 (c) with regard to
claims and actions for loss or damage to commodities transported pursuant to
the terms and conditions of this Agreement, except to the extent modified by
this Agreement. All claims for recovery by Goody's and/or consignee as provided
herein and as to each shipment, must be filed with Landair at the address
listed in Section 16 within 9 months of the date of delivery or tender of
delivery of such shipment or if not tendered or delivered must be filed within
9 months of the date when delivery or tender of delivery of such shipment
reasonably should have been made.

         12.      INDEMNIFICATION: Except to the extent proximately and
primarily caused by the acts or omissions of Goody's, Landair shall indemnify
and hold harmless Goody's (including its officers, directors, employees and
related entities) from and against all loss, damage, fines,

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expense, actions and claims for injury to persons (including injury resulting
in death) and damage to property including Goody's' trailers utilized by
Landair where such loss, damage or injury is proximately caused by acts or
omissions of Landair, its agents or employees, and arising out of or in
connection with Landair's discharge of duties and responsibilities as specified
in this Agreement. Subject to the terms of Section 10 of this Agreement,
Landair shall be liable to Goody's for loss, damage or injury occurring to the
commodities while in the possession or under the control of Landair hereunder
or resulting from Landair's performance or failure to perform the services
provided for in this Agreement.

         13.      LEGAL IMPAIRMENT: In the event the Federal Highway
Administration, or any other federal agency or department, or any state
government, agency or department, shall by regulation, order or statute,
directly or indirectly, require or prescribe the establishment of any rules or
provisions, inconsistent with terms of this Agreement and which creates a
material change in the costs or operations of this Agreement, then, in such
event, Landair shall promptly notify in writing Goody's thereof, and Goody's or
Landair may, without prejudice to any other right or remedy, terminate this
Agreement after giving at least 30 days written notice of such termination.

         14.      FORCE MAJEURE: Neither Landair nor Goody's shall be liable
one to the other for default in the performance or discharge of any duty or
obligation under this Agreement where prevention or delay in performance is
caused by an Act of God, public enemy, public authority, or events beyond the
reasonable control of Goody's or Landair. The party invoking this force majeure
provision is responsible for all fixed costs associated with this Agreement.
During force majeure by Landair, Goody's will not be subject to any charges
associated with this Agreement and will have the right to use other means and
other motor carriers to transport its goods. In the event that both Goody's and
Landair are rendered unable to perform under the conditions of force majeure at
the same time, all charges, including fixed cost, will be suspended until such
time that the force majeure condition is lifted.

         15.      DEFAULT: Any failure by either party to perform its
respective obligation(s) under this Agreement for more than thirty (30) days
(for a non-monetary breach excepting On-Time Service Rating) or ten (10) days
(for a monetary breach) after receipt of written notice from the other party
(the "non-defaulting party") describing such breach shall constitute a default.
In such event, the non-defaulting party shall have the right to terminate this
Agreement and to exercise all rights and remedies at law or in equity against
the other party.

         If Landair's On-Time Service Rating is less than 90% during any
calendar quarter (a "Critical Quarter Rating Problem"), then Landair shall
diligently commence to improve the On-Time Service Rating to 96% or higher
within thirty (30) days after any such Critical Quarter Rating Problem and if
Landair fails to improve the On-Time Service Rating to 96% or higher within
such thirty (30) day period, then Goody's shall have the right to terminate
this Agreement and to exercise all rights and remedies at law or in equity
against Landair.

         If Landair's On-Time Service Rating is 90% or higher and less than 96%
during any calendar quarter (a "Material Quarter Rating Problem"), then Landair
shall diligently commence to improve the On-Time Service Rating to 96% or
higher within sixty (60) days after any such Material Quarter Rating Problem
and if Landair fails to so improve the On-Time Service Rating to 96% or higher
within such sixty (60) day period, then Goody's shall have the right to

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terminate this Agreement and to exercise all rights and remedies at law or in
equity against Landair.

         16.      NOTICES: Any notice given by either party to the other under
this Agreement shall be considered as having been properly provided upon such
notice being presented by a form of receipted delivery, including but not
limited to certified mail; Federal Express; or UPS.

    As to Goody's:                                     As to Landair:

    Regis J. Hebbeler - VP and General Counsel         John A. Tweed - President
    Goody's Family Clothing, Inc.                      Landair Transport, Inc.
    400 Goody's Lane                                   P.O. Box 938
    Knoxville, TN  37922                               Greeneville, TN  37744

                                                       Physical Address:
                                                       430 Airport Road
                                                       Greeneville, TN  37745

         With a copy to:

         David Hoadley
         Goody's Family Clothing, Inc.
         400 Goody's Lane
         Knoxville, TN  37922

         With a copy to:

         Mike Bryant
         Goody's Family Clothing, Inc.
         500 Industrial Boulevard
         Russellville, AR 72802

         17.      CONFIDENTIALITY PROVISION: Neither party may disclose the
terms of this Agreement to a third party (excepting the respective external
accountants, auditors and attorneys for each party) without the written consent
of the other party except (i) as required by law or regulations; (ii) when
disclosure is made to its parent, subsidiary or affiliated companies; or (iii)
to facilitate equipment financing or to facilitate the rating and/or auditing
of transportation charges by an authorized agent and such agent agrees to keep
the terms of this Agreement confidential.

         18.      CONTROLLING LAW: The provisions of 49 U.S.C. Section 11706
(a) and (b) and as may be amended from time to time, shall be a part of this
Agreement as if set forth in full herein and shall be applied to this Agreement
in the same manner and shall have the same force and effect as if said Section
by its terms were applicable to Landair and Goody's. The provisions of this
Section 18 shall survive termination, expiration or cancellation of this
Agreement. This Agreement shall be construed in accordance with the laws of the
State of Tennessee.

         19.      ENTIRE AGREEMENT: This Agreement, including all Schedules and
Exhibits to this Agreement as identified herein, constitute the entire
agreement of the parties with reference to

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the subject matter hereof, and may not be changed, waived or modified except by
written agreement signed by both parties hereto specifically stating that such
writing is an amendment to this Agreement.

         20.      ASSIGNMENT: There shall be no assignment or transfer, in
whole or in part, of any right, duty, responsibility or obligation contained in
this Agreement, including the right to receive payments, unless such assignment
or transfer is agreed to by both parties in writing, which consent will not be
unreasonably withheld.

         21.      WAREHOUSE LOGISTICS, LLC. Goody's consents, understands and
agrees that Landair will enter into an agreement with Warehouse Logistics, LLC
("Warehouse Logistics"), a Tennessee limited liability corporation co-owned by
two principals of Landair's parent company, for the purposes of performing
certain deconsolidation services under this Agreement as set forth on Schedule
3 hereto. Notwithstanding the Warehouse Logistics services to be performed in
accordance with this Agreement or the agreement between Landair and Warehouse
Logistics: (i) Landair shall remain fully and primarily responsible for the
deconsolidation services to be provided under this Agreement to the same extent
as if such deconsolidation services were performed by Landair; and (ii) all of
Landair's obligations, representations and liabilities to Goody's are direct
and unconditional as to all of the deconsolidation services to be performed by
Warehouse Logistics under this Agreement.

         22.      RIGHT TO AUDIT/INSPECT. As a condition to the agreement
between Landair and Warehouse Logistics described in Section 21, Landair
represents that Goody's has the right at any time to inspect Warehouse
Logistics' warehouse at 310 T. Elmer Cox Drive in Greeneville, Tennessee.
Goody's shall likewise have the right upon 5 days notice, to review and/or
audit Landair's (including Warehouse Logistics) books and records relative to
this Agreement.

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         IN WITNESS WHEREOF, Goody's and Landair have executed this Agreement
as of the day and year first above written.

                                                 GOODY'S FAMILY CLOTHING, INC.

                                                 By: /s/ Bob Whaley
                                                 Its:  Senior Vice President

                                                 LANDAIR TRANSPORT, INC.

                                                 By:  /s/ John A. Tweed
                                                 Its:  President

                                                 GOODY'S MS, L.P.
                                                 By:  TREBOR OF TN, INC.,
                                                 Its General Partner

                                                 By:  /s/ Regis J. Hebbeler
                                                 Its:  Vice President

                                       9Exhibit 10.61

                              EMPLOYMENT AGREEMENT

THIS  EMPLOYMENT  AGREEMENT  (the  "Agreement"),  effective  on March  18,  2002
("Effective  Date") is entered  into among  Royal  Precision,  Inc.,  a Delaware
corporation,  (herein  called  the  "Company"),  James  Davidson,  currently  an
employee of the Company  (herein called the "Employee") and Richard P. Johnston,
currently a major  stockholder  and Chairman of the Board of the Company (herein
called the "Guarantor") who agree to be bound by all of the terms hereof.

WHEREAS, Employee is currently employed by the Company; and

WHEREAS,  in consideration of Employee  remaining with the Company,  the Company
shall offer Employee an employment package herein contained.

NOW  THEREFORE,  in  consideration  of the mutual  covenants and promises of the
parties, the parties hereto covenant and agree as follows:

1.  CONSIDERATION.  In the event  that prior to the  second  anniversary  of the
Effective Date (the "End of Term Date"), Employee's employment is terminated for
"Termination  Other Than for Cause",  Employee  will be paid as severance pay an
amount equal to Employee's then base salary with the Company for the period (the
"Severance  Period")  commencing  on the  date  that  Employee's  employment  is
terminated  (the  "Termination  Date") and ending on the later of (a) the End of
Term Date,  or (b) 12 months from the  Termination  Date,  payable in accordance
with  the  customary  pay  practices  of  the  Company  ("Employment  Package");
provided,  however, that if Employee obtains new employment during the Severance
Period  which pays  Employee an annual  base salary  which is (y) less than such
base salary,  the monthly  difference (net of applicable taxes, if any) shall be
paid by the  Company to  Employee  for any month that  Employee  was so employed
during the Severance Period, or (z) equal to or more than such base salary,  the
Company  shall have no  obligation  to pay any amounts under this section on and
after the start date of such new employment.  "Termination Other Than for Cause"
shall mean  termination  by the Company of Employee's  employment by the Company
for reasons  other than the  disability  or the death of Employee or those which
constitute   "Termination  for  Cause".   "Termination  for  Cause"  shall  mean
termination by the Company of Employee's  employment (a) by reason of Employee's
willful dishonesty towards, fraud upon, or deliberate injury or attempted injury
to,  the  Company  or (b) by  reason of  Employee's  negligence  or  intentional
misconduct with respect to the performance of Employee's  duties. The Employment
Package  represents  any and all  severance  pay,  back  pay,  wages,  incentive
compensation  payments,  vacation pay,  damages  (liquidated  or  unliquidated),
benefits,  attorney's  fees,  costs,  interest or other monies to which Employee
will be entitled from the Company. Notwithstanding anything in this Agreement to
the  contrary,  any vested  rights  the  Employee  may have under the  Company's
retirement  or stock option plan are excluded  from the scope of this  Agreement
and  are not  terminated  or  released  by the  execution  or  delivery  of this
Agreement.
<PAGE>
2. GUARANTY OF EMPLOYMENT  PACKAGE.  Guarantor  unconditionally  and  absolutely
guarantees the full and timely payment by the Company to Employee of any and all
of the Employment  Package which may become due and payable to Employee from the
Company in accordance with the terms and conditions of the Agreement.

3. RELEASE. As consideration for the Employment Package, once Employee begins to
receive the Employment  Package,  except to enforce Employee's rights under this
Agreement,  Employee  (a)  agrees  not  to  file  any  charges,  claims,  suits,
complaints  or grievances  against the Company with any federal,  state or local
governmental  agency,  or in any court of law, with respect to any aspect of his
employment by, or  termination of employment  from, the Company and (b) acquits,
releases and forever  discharges  the Company of and from all, and in all manner
of, actions and causes of action,  suits,  debts, claims and demands whatsoever,
in law or in equity,  which he ever had, may now have or may hereafter have with
respect to any aspect of his employment  by, or termination of employment  from,
the Company, including but not limited to any claim under the Age Discrimination
in Employment Act and any other federal, state or local law with respect to age,
sex,  race,  and other forms of employment  discrimination,  breach of contract,
tort or other  federal,  state and local laws  relating  to  employment  and its
termination.  In the event that Employee, or any person, entity or organizations
authorized by him,  breaches any of his promises made in this  Agreement and the
Company defends or pursues any charge, suit, complaint,  claim or grievance as a
result thereof, Employee shall be liable to Company for all damages,  attorney's
fees,  expenses,  and costs (including  discovery costs) incurred by the Company
and for all funds paid to him under this Agreement.

4.  CONFIDENTIALITY.  Employee  agrees that he will not reveal the  existence of
this  Agreement,  nor any terms thereof,  to any person,  entity or organization
except to his attorneys, investment advisor, his immediate family or as required
by law.

5. POST  EMPLOYMENT.  Once Employee  begins to receive the  Employment  Package,
Employee covenants and agrees that he will not, except in the course of ordinary
course of his  business,  directly or  indirectly,  (a) attempt to discourage or
otherwise  attempt to prevent any person from doing business with the Company or
(b) take any action or encourage any other person to take any action or make any
remark  which is intended  to, or which would tend to,  disparage or degrade the
reputation or business of, the Company.  Additionally,  Employee  recognizes and
acknowledges  that  information  possessed by Employee about the Company and its
business  activities  not  generally  known  which is used or is  useful  in the
conduct  of the  Company's  business,  or which  confers  or  tends to  confer a
competitive  advantage  over  one  who  does  not  possess  the  information  is
"Confidential   Information".   Confidential  Information  also  includes  trade
secrets,  know-how,  information  about  existing,  new  or  envisioned  Company
merchandise, pricing, costs and quotations. Employee covenants and agrees not to
use or disclose any confidential information.

6. INDEPENDENT  ADVICE.  Each of Employee and the Company hereby  represents and
warrants  to the  other  that  he or it has  been  advised  to and  has  had the
opportunity  to seek the advice of independent  counsel in connection  with this
Agreement  and  the  transactions  contemplated  hereby  and has  obtained  such
independent  advice or hereby  waives his or its right to seek such  independent
advice.  Each further  represents that he or it has made the decision to execute
<PAGE>
this  Agreement  independent  of any  other  agreement  and  independent  of any
statements  or  opinions  which  may have  been  made or  given by any  counsel,
Employee or the Company.

7. MISCELLANEOUS.

     7.1.  WAIVER.  The waiver of any breach of any provision of this  Agreement
will not operate or be  construed  as a waiver of any  subsequent  breach of the
same or other provision of this Agreement.

     7.2. ENTIRE AGREEMENT;  MODIFICATION.  Except as otherwise provided in this
Agreement,  this Agreement represents the entire understanding among the parties
with  respect  to the  subject  matter  of this  Agreement,  and this  Agreement
supersedes   any  and  all  prior   understandings,   agreements,   plans,   and
negotiations,  whether  written  or oral,  with  respect to the  subject  matter
hereof,  including  without  limitation,  any  understandings,   agreements,  or
obligations respecting any past or future compensation, bonuses, reimbursements,
or other  payments  to  Employee  from the  Company.  All  modifications  to the
Agreement must be in writing and signed by the party against whom enforcement of
such modification is sought.

     7.3. DELIVERY OF MATERIALS;  NOTICES. Materials required to be delivered to
either party hereunder  shall be delivered as indicated  below.  Any notice,  or
other  communication  under  this  Agreement  shall be in  writing  and shall be
considered  given:  (a) upon personal  delivery or delivery by telecopier  (with
confirmation of completed delivery by sender), (b) two business days after being
deposited  with an "overnight"  courier or "express mail" service,  or (c) seven
business days after being mailed by  registered  or certified  first class mail,
return  receipt  requested,  in each case addressed to the notified party at its
address set forth  below (or at such other  address as such party may specify by
notice to the other delivered in accordance with this section):

     If to the Company:                          If to Employee:

     Royal Precision, Inc.                       James Davidson
     535 Migeon Avenue                           29 Woodland Road
     Torrington, Connecticut  06790              Torrington, CT  06790
     Attn.:  President

     If to Guarantor:

     Richard P. Johnston
     4350 Greens Place
     Wilson, WY  83014

     7.4.  HEADINGS.  The section  headings of this  Agreement  are intended for
reference and may not by themselves determine the construction or interpretation
of this Agreement.

     7.5.  GOVERNING LAW. This Agreement is executed in and shall be governed by
and construed in accordance with the laws of the State of Delaware applicable to
contracts to be performed solely in the State of Delaware.
<PAGE>
     7.6. SURVIVAL OF THE COMPANY'S OBLIGATIONS.  This Agreement will be binding
on,  and  inure  to  the  benefit  of,  the  executors,  administrators,  heirs,
successors,  and  assigns of the  parties;  provided,  however,  that  except as
expressly provided in this Agreement,  this Agreement may not be assigned either
by the Company or by Employee.

     7.7.  COUNTERPARTS.   This  Agreement  may  be  executed  in  one  or  more
counterparts,  all of which  taken  together  will  constitute  one and the same
Agreement.

     7.8.  ENFORCEMENT.  If any portion of this  Agreement is  determined  to be
invalid or  unenforceable,  that  portion of this  Agreement  will be  adjusted,
rather than voided, to achieve the intent of the parties under this Agreement.
<PAGE>
IN WITNESS  WHEREOF,  the  parties  hereto  have  executed  and  delivered  this
Agreement as of the date first written above.

ROYAL PRECISION, INC.                           EXECUTIVE

By: /s/ John Lauchnor                           /s/ James Davidson
    --------------------------------            --------------------------------
    John Lauchnor, President                    James Davidson

GUARANTOR

/s/ Richard P. Johnston
--------------------------------
Richard P. Johnston

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