Document:

EXHIBIT 10.12

                              EMPLOYMENT AGREEMENT

This Employment Agreement dated as of February 07, 2005 (hereinafter referred to
as "Agreement") is entered into by and among FuelNation Inc. (the "Company") and
James A Connolly III ("Executive"). WHEREAS, the Company employs Executive in
the capacity of Vice President and Chief Investor Relations Officer; and

WHEREAS, the Company and Executive desire to set forth in this Agreement all of
the terms and conditions of said employment, and to establish a mechanism to
resolve disputes relating to said employment;

NOW, THEREFORE, in consideration of the mutual promises and obligations
contained in this Agreement, the Company and Executive agree as follows:

1.       TERM OF EMPLOYMENT. This Agreement is effective March 1, 2005 (the
         "Effective Date"), and will continue, unless sooner terminated, until
         March 1, 2008 (the "Initial Term"). Thereafter, the term of this
         Agreement shall automatically be extended for successive one (1) year
         periods ("Renewal Terms") unless either the Company or Executive gives
         written notice to the other at least ninety (90) days prior to the end
         of the Initial Term or Renewal Term, as the case may be, of its or his
         intention not to renew the term of this Agreement. The Initial Term and
         any Renewal Terms of this Agreement shall be collectively referred to
         as the "Term."

2.       DUTIES AND RESPONSIBILITIES. The Company hereby employs Executive as
         Vice President and Chief Investor Relations Officer with such powers
         and duties in that capacity as may be established from time to time by
         the Company in its discretion. Executive will devote his entire time,
         attention and energies to the Company's business. Executive, subject to
         approval by the Company's Board of Directors, may in the future have
         other business investments and participate in other business ventures
         which may, from time to time, require portions of his time, but shall
         not interfere with his duties hereunder. However, nothing in this
         Agreement shall prevent Executive from passively investing in business
         activities so long as such investments require no active participation
         by Executive.

3.       COMPENSATION.

     (a) BASE SALARY. The Company will pay Executive an annualized base salary
         of $125,000 until March 31, 2006 and $150,000 until March 31, 2007 and
         $200,000 for the remainder of the Initial Term, less applicable
         deductions, payable in installments according to the Company's normal
         payroll practices ("Base Salary"). The Base Salary shall be reviewed at
         least annually by the Company's Board of Directors, which may in its
         discretion increase the Base Salary. Participation in deferred
         compensation, discretionary bonus, retirement, stock option and other
         employee benefit plans and in fringe benefits shall not reduce the Base
         Salary payable to Executive under this Section 3(a).

     (b) BONUSES: During the term of this Agreement, the Executive shall receive
         an annual bonus from the Company, based on performance goals determined
         at the beginning of each fiscal year by the Executive and Board of
         Directors of the Company, in its good faith discretion.

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     (c) VACATION. Executive shall be entitled to four (4) weeks of paid
         vacation during each year of the Term, the time and duration thereof to
         be determined by mutual agreement between Executive and the Company.

     (d) STOCK OPTIONS. FuelNation shall grant to Executive stock options to
         purchase an aggregate of 150,000 shares of common stock at prices to be
         determined by the Board of Directors. The options shall vest in equal
         installments on March 1, 2006, 2007 and 2008. The options will only
         vest assuming that Executive remains employed by Company on the dates
         that the options are to be deemed vested. There will be no "pro-rated"
         vesting of any options for the period in which Executive ceases to be
         employed by Company. Executive will have five (5) years to exercise all
         vested options.

     (e) AUTOMOBILE. The Company shall reimburse Executive with car expenses to
         include monthly lease and insurance payments not to exceed $500 per
         month commencing March 1, 2005 for the remaining term of his
         employment.

     (f) EXPENSES. The Company shall pay or reimburse the Executive for all
         reasonable expenses which are actually incurred or paid by him in the
         performance of his service hereunder.

     (g) PARTICIPATION IN RETIREMENT AND EMPLOYEE BENEFIT PLANS; FRINGE
         BENEFITS. Executive shall be entitled to participate in all plans of
         FuelNation relating to stock options, stock purchases, pension, thrift,
         profit sharing, life insurance, hospitalization and medical coverage,
         disability, travel or accident insurance, education or other retirement
         or employee benefits that FuelNation has adopted or may adopt for the
         benefit of its senior executives. In addition, Executive shall be
         entitled to participate in any other fringe benefits, such as club
         dues, legal and tax planning expenses (up to $5,000 per year) and fees
         of professional organization and associations, which are now or may
         become applicable to the Company's senior executives, and any other
         benefits which are commensurate with the duties and responsibilities to
         be performed by Executive under this Agreement. Executive shall, during
         the term of his employment hereunder, continue to be provided with
         benefits at a level which shall in no event be less in any material
         respect than the benefits available to the Executive immediately prior
         to the date of this Agreement. Notwithstanding the foregoing, the
         Company may terminate or reduce benefits under any benefit plans and
         programs to the extent such reductions apply uniform to all senior
         executives entitled to participate therein, and Executive's benefits
         shall be reduced or terminated accordingly.

4.       INABILITY TO PERFORM JOB DUTIES. In the event of Executive's death,
         this Agreement and the Executive's salary and compensation shall
         automatically end. If in the reasonable judgment of the Board of
         Directors, based on independent medical advice, Executive becomes
         unable to perform his employment duties during the term of this
         Agreement as a result of mental or physical incapacity, illness or
         disability, his compensation under this Agreement shall automatically
         end until such time as Executive becomes able to resume his job duties
         for the Company. In the event that Executive becomes unable to perform
         his employment duties for a cumulative period of greater than twelve
         (12) weeks within any span of twelve (12) months, this Agreement and
         Executive's employment will be automatically terminated. In either
         event, Executive will be immediately entitled to all accrued and unpaid
         payments and benefits under Section 3 and the Company shall continue to
         provide the Executive with those medical, life and disability insurance
         benefits, if any, which are provided to the Executive on the last day

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         of his employment by the Company for a period of one year following the
         last day of employment with the Company.

5.       TERMINATION BY COMPANY FOR CAUSE. The Company may terminate this
         Agreement, and Executive's employment "for cause" at any time. As used
         herein, "for cause" shall mean any one of the following: The conviction
         of or a plea of guilty or nolo contendere by Executive to a felony;
         Willful fraud or deceit of material fact by Executive in connection
         with the performance of his duties hereunder; Commission of a serious
         and willful violation of any of the Company's personnel policies,
         including but not limited to violations of the Company's policies
         against any form of harassment, which violation cannot be cured, or is
         not cured within fifteen (15) days following (a) receipt by Executive
         of a written notice specifying the factors or events constituting such
         failure or refusal and (b) a reasonable opportunity to cure such
         violation; or Failure of or refusal on the part of Executive to
         substantially perform all of his duties hereunder as reasonably
         requested by the Company, which failure or refusal shall not be cured
         within fifteen (15) days following (a) receipt by Executive of a
         written notice specifying the factors or events constituting such
         failure or refusal, and (b) a reasonable opportunity for Executive to
         correct such deficiencies. In the event the Company terminates
         Executive's employment for Cause, Executive shall not be entitled to
         severance, but will immediately be entitled to all accrued and unpaid
         payments and benefits under Section 3.

6.       TERMINATION OF AGREEMENT BY COMPANY WITHOUT CAUSE OR BY EXECUTIVE FOR
         GOOD REASON. The Company may terminate this Agreement and Executive's
         employment without Cause at any time upon sixty (60) days prior written
         notice to Executive. The Executive may terminate this Agreement and
         Executive's employment with Good Reason at any time upon sixty (60)
         days prior written notice to the Company. "Good Reason" shall mean any
         of the following if the same shall occur without Executive's express
         prior written consent: (i) the failure by the Company to obtain the
         assumption by operation of law or otherwise of this Agreement by any
         entity which is the surviving entity in any merger or other form of
         reorganization involving the Company or by any entity which acquires
         all or substantially all of the Company's assets, or (ii) any other
         material breach of this Agreement by the Company, which breach shall
         not be cured within fifteen (15) days after written notice thereof to
         the Company. If the Company terminates Executive's Employment without
         Cause or Executive terminates his employment with the Company for Good
         Reason, the Company will pay to Executive a severance payment of an
         amount equal to 2.99 times his then-current Base Salary. In addition,
         all unvested stock options owned by the Executive shall become fully
         vested and exercisable at the date Executive's employment terminates,
         and Executive shall have the right to exercise all vested, unexercised
         stock options outstanding at the termination date (including the
         accelerated options) in accordance with the terms of the plans and
         agreements pursuant to which such options were issued. Executive shall
         also immediately be entitled to all accrued and unpaid payments and
         benefits under Section 3.

7.       TERMINATION OF AGREEMENT BY EXECUTIVE. Executive may terminate this
         Agreement and his employment with the Company without Good Reason upon
         sixty (60) days prior written notice to the Company. Executive may be
         required to perform his job duties and will be paid his regular salary
         up to the date of the termination. At the option of the Company, the
         Company may require Executive to terminate employment upon receiving
         said sixty (60) days' notice from Executive of the termination of this
         Agreement. In such event, the Company will pay to Executive an amount
         equal to sixty (60) calendar days of his base salary. Executive will

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         not be entitled to receive any other compensation or severance
         allowance under this Agreement.

8.       CHANGE OF CONTROL.

     (a) For the purposes of this Agreement, a "Change of Control" shall be
         deemed to have taken place if: (i) any person, including a "group" as
         defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as
         amended (but excluding Executive and members of his family), becomes
         the owner or beneficial owner of Company securities, after the date of
         this Agreement, having 50% or more of the combined voting power of the
         then outstanding securities of the Company that may be cast for the
         election of directors of the Company (other than as a result of an
         issuance of securities initiated by the Company, or open market
         purchases approved by the Board, as long as the majority of the Board
         approving the purchases is the majority at the time the purchases are
         made), or (ii) the persons who were directors of the Company before
         such transactions shall cease to constitute a majority of the Board, or
         any successor to the Company, as the direct or indirect result of or in
         connection with, any cash tender or exchange offer, merger or other
         business combination, sale of assets or contested election, or any
         combination of the foregoing transactions.

     (b) During the remaining term hereof after the Change of Control Date, the
         Company (or subsidiary) will (i) continue to pay Executive at not less
         than the Base Salary on the Change of Control Date, (ii) pay Executive
         bonuses in amounts not less in amount than those paid during the 12
         month period preceding the Change of Control Date, and (iii) continue
         employee benefit programs as to Executive at levels in effect on the
         Change of Control Date (but subject to such reductions as may be
         required to maintain such plans in compliance with applicable federal
         law regulating employee benefit programs).

     (c) If during the remaining term hereof after the Change of Control Date
         (i) Executive's employment is terminated by the Company (or
         subsidiary), or (ii) there shall have occurred a material reduction in
         Executive's compensation or employment related benefits, or a material
         change in Executive's status, working conditions, management
         responsibilities or titles, and Executive voluntarily terminates his
         relationship with the Company within 60 days of any such occurrence, or
         the last in a series of occurrences, then Executive shall be entitled
         to receive, a lump sum payment equal to the remainder of Executive's
         Base Salary, but no less than 18 months of salary. Such amount will be
         paid to Executive within 15 business days after his termination of
         affiliation with the Company.

9.       COOPERATION. Upon the termination of this Agreement for any reason,
         Executive agrees to cooperate with the Company in effecting a smooth
         transition of the management of the Company with respect to the duties
         and responsibilities which Executive performed for the Company.
         Further, after termination of this Agreement, Executive will furnish
         such information and proper assistance to the Company as it may
         reasonably require in connection with any prior business arrangements
         in which Executive was involved, and any litigation to which the
         Company is or may become party.

10.      COVENANT NOT TO COMPETE. During the term of this Agreement, and for two
         (2) years after its termination, Executive promises and agrees that
         she/he will not enter into any employment or business relationship
         (whether as a principal, agent, partner, employee, investor, owner,
         consultant, board member or otherwise) with any company, business

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         organization or individual whose primary business that is engaged in
         the same or similar business as that conducted by the Company or with
         any other business that competes with the Company. This Section 10 is
         effective regardless of the reason for the termination of the Agreement
         and regardless of whether the Agreement is terminated by the Executive
         or the Company. This restrictive covenant may be assigned to and
         enforced by any of the Company's assignees or successors. It is
         expressly understood , however, that Employee has a relationship with
         Invest-Trend, and a relationship with Equity. Employee is free to
         simultaneously pursue these opportunities as long as these entities do
         not compete in the Company's business and as long as the Employee
         devotes at least 25 hours per week to the business of Company.
         Employee, however, is not free to pursue other opportunities other than
         these mentioned in this paragraph without the express written consent
         of Company.

11.      INDEMNIFICATION and HOLD HARMLESS. In the event that a claim arises out
         of Employee's outside relationships, Employee agrees to indemnify
         Company and hold it harmless from any such claim. Employee also agrees
         that under such an event, Employee will reimburse Company its attorney
         fees and costs used in defending such claim.

12.      AGREEMENT NOT TO USE OR DISCLOSE TRADE SECRETS. During the term of this
         Agreement and a period of five (5) years thereafter, Executive promises
         and agrees that he/she will not disclose or utilize any trade secrets
         acquired during the course of service with the Company and/or its
         related business entities. As used herein, "trade secret" refers to the
         whole or any portion or phase of any formula, pattern, device,
         combination of devices, or compilation of information which is for use,
         or is used, in the operation of the Company's business and which
         provides the Company an advantage, or an opportunity to obtain an
         advantage, over those who do not know or use it. "Trade secret" also
         includes any scientific, technical, or commercial information,
         including any design, list of suppliers, list of customers, as well as
         pricing information or methodology, contractual arrangements with
         vendors or suppliers, business development plans or activities, or
         Company financial information. This Section 11 is effective regardless
         of the reason for the termination of the Agreement and regardless of
         whether the Agreement is terminated by the Executive, the Company or by
         its own terms. This restrictive covenant may be assigned to and
         enforced by any of the Company's assignees or successors.

13.      AGREEMENT NOT TO USE OR DISCLOSE CONFIDENTIAL OR PROPRIETARY
         INFORMATION. During the term of this Agreement and a period of two (2)
         years thereafter, Executive promises and agrees that he/she will not
         disclose or utilize any confidential or proprietary information
         acquired during the course of service with the Company and/or its
         related business entities, Executive shall not divulge, communicate,
         use to the detriment of the Company or for the benefit of any other
         person or persons, or misuse in any way, any confidential or
         proprietary information pertaining to the business of the Company. Any
         confidential or proprietary information or data now or hereafter
         acquired by Executive with respect to the business of the Company
         (which shall include, but not be limited to, information concerning the
         Company's financial condition, prospects, technology, customers,
         suppliers, methods of doing business and promotion of the Company's
         products and services) shall be deemed a valuable, special and unique
         asset of the Company that is received by Executive in confidence and as
         a fiduciary. For purposes of this Agreement "confidential and
         proprietary information" means information disclosed to Executive as a
         consequence of or through his employment by the Company (including
         information conceived, originated, discovered or developed by
         Executive) prior to or after the date hereof and not generally known or
         in the public domain, about the Company or its business. This Section
         12 is effective regardless of the reason for the termination of the
         Agreement and regardless of whether the Agreement is terminated by the
         Executive, the Company or by its own terms. This restrictive covenant

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         may be assigned to and enforced by any of the Company's assignees or
         successors.

14.      AGREEMENT NOT TO HIRE COMPANY EXECUTIVES. If Executive leaves the
         employ of the Company or terminates this Agreement, Executive promises
         and agrees that, during the two (2) years following his departure from
         the Company, Executive will not, without the express written permission
         of the Company, actively recruit or solicit employees of the company.
         This Section 13 is effective regardless of the reason for the
         termination of the Agreement and regardless of whether the Agreement is
         terminated by the Executive, the Company or by its own terms. This
         restrictive covenant may be assigned to and enforced by any of the
         Company's assignees or successors.

15.      INJUNCTIVE RELIEF. In recognition of the unique services to be
         performed by Executive and the possibility that any violation by
         Executive of Section 10, Section 12, Section 13 or Section 14 of this
         Agreement may cause irreparable or indeterminate damage or injury to
         Company, Executive expressly stipulates and agrees that the Company
         shall be entitled, upon ten (10) days written notice to Executive, to
         obtain an injunction from any court of competent jurisdiction
         restraining any violation or threatened violation of this Agreement.
         Such right to an injunction shall be in addition to, and not in
         limitation of, any other rights or remedies the Company may have for
         damages.

16.      JUDICIAL MODIFICATION OF AGREEMENT. The Company and Executive
         specifically agree that a court of competent jurisdiction (or an
         arbitrator, as appropriate) may modify or amend Section 10, Section 11,
         Section 12 or Section 13 of this Agreement if absolutely necessary to
         conform with relevant law or binding judicial decisions in effect at
         the time the Company seeks to enforce any or all of said provisions.

17.      RESOLUTION OF DISPUTES BY ARBITRATION. Any claim or controversy that
         arises out of or relates to Executive's employment, this Agreement, or
         the breach of this Agreement, will be resolved by arbitration in Palm
         Beach County in accordance with the rules of the American Arbitration
         Association. Judgment upon the award rendered by the arbitrator may be
         entered in any court possessing jurisdiction over arbitration awards.
         This Section shall not limit or restrict the Company's right to obtain
         injunctive relief for violations of Section 9, Section 10, Section 11
         or Section 12 of this Agreement directly from a court under Section 14
         of this Agreement. Each party shall be required to bear its own costs
         and attorney's fees incurred in any arbitration arising out of
         Executive's employment, this Agreement, or the breach of this
         Agreement.

18.      TERMINATION OF CERTAIN PROVISIONS. The provisions of paragraph 10 and
         14 shall no longer apply if the Company shall file a petition for
         bankruptcy or if an involuntary petition is filed against the Company
         that is not dismissed within 60 days.

19.      ADEQUATE CONSIDERATION. Executive expressly agrees that the Company has
         provided adequate, reasonable consideration for the obligations imposed
         upon him in this Agreement.

20.      ENTIRE AGREEMENT. This Agreement sets forth the entire agreement
         between the parties, and supersedes any prior agreements or
         understanding between the Company and Executive. This Agreement may be
         amended only in writing, signed by both parties.

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21.      LIMITED EFFECT OF WAIVER BY COMPANY. If the Company waives a breach of
         any provision of this Agreement by Executive, that waiver will not
         operate or be construed as a waiver of later breaches by Executive.

22.      SEVERABILITY. If any provision of this Agreement is held invalid for
         any reason, such invalidity shall not affect the enforceability of the
         remainder of this Agreement.

23.      ASSUMPTION OF AGREEMENT BY COMPANY'S SUCCESSORS AND ASSIGNS. At the
         Company's sole option, the Company's rights and obligations under this
         Agreement will inure to the benefit and be binding upon the Company's
         successors and assigns. Executive may not assign his rights and
         obligations under this Agreement.

24.      APPLICABLE LAW. Executive and the Company agree that this Agreement
         shall be subject to, and enforceable under, the laws of the State of
         Florida.

IN WITNESS WHEREOF, the parties have executed this Employment Agreement on March
14, 2005

COMPANY EXECUTIVE

------------------                                --------------------
Chris R. Salmonson                                James A Connolly III
President

                                       7EXHIBIT 10.13

                    AMENDED AND RESTATED EMPLOYMENT AGREEMENT

This Amended and Restated Employment Agreement (the "Agreement") is entered into
as of April 11, 2005 (the "Effective Date") by and between FuelNation Inc. (the
"Company"), and Chris R. Salmonson (the "Executive");

                                WITNESSETH THAT:

         WHEREAS, the Company and Executive have previously entered into an
employment agreement dated October 2000, as subsequently amended from time to
time (the "Prior Employment Agreement"); and

         WHEREAS, the Company wishes to continue to employ the Executive as its
President and Chief Executive Officer and the Executive wishes to continue such
employment;

         WHEREAS, the Company and Executive wish to formalize the continuation
of the employment relationship by amending and restating the Prior Employment
Agreement in its entirety in accordance with the terms and conditions set forth
below in this Agreement.

         NOW THEREFORE, in consideration of the mutual promises, covenants and
conditions set forth herein, including but not limited to Employee's employment
and the payments and benefits described herein, the sufficiency of which is
hereby acknowledged, the Company and Executive hereby agree as follows:

1.       EMPLOYMENT.

         The Company shall employ Executive, and Executive shall be employed by
the Company upon the terms and subject to the conditions set forth in this
Agreement.

2.       TERM OF EMPLOYMENT.

         The term of this Agreement shall be a five (5) year period beginning on
the Effective Date and ending on the fifth anniversary thereof. The period
during which Executive is employed hereunder shall be referred to as the
"Employment Period".

3.       DUTIES AND RESPONSIBILITIES.

(a)      Executive shall serve as Chief Executive Officer and President of the
         Company and shall serve as Chairman of the Board of Directors of the
         Company (the "Board"). In such capacities, Executive shall perform such
         duties and have the power, authority and functions commensurate with
         such positions in similarly sized public companies and such other
         authority and functions consistent with such positions as may be
         assigned to Executive from time to time by the Board. Executive agrees
         that, notwithstanding his service as Chairman of the Board, other than
         in connection with a Change in Control, if the Board by formal
         resolution, either to comply with applicable regulations or rules or to
         comply with generally accepted best corporate governance practices for
         similar companies, determines that the Chairman of the Board should be
         a non-employee director, such determination by the Board that a
         non-employee director should serve as Chairman of the Board will not be
         deemed as a basis for Executive to Terminate for Good Reason.

(b)      Executive shall devote substantially all of his working time, attention
         and energies to the business of the Company, and affiliated entities.
         Executive may make and manage his personal investments (provided such

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         investments in other activities do not violate, in any material
         respect, the provisions of Section 8 of this Agreement), be involved in
         charitable and professional activities and, with the consent of the
         Board (which shall not unreasonably be withheld or delayed) serve on
         boards of other for profit entities, provided such activities do not
         materially interfere with the performance of his duties hereunder.
         Service on the for-profit boards that Executive is currently serving on
         are hereby approved.

4.       COMPENSATION AND BENEFITS.

(a)      ANNUAL BASE SALARY. During the Employment Period, the Executive shall
         receive an annual base salary (the "Annual Base Salary") at an annual
         rate of $240,000 less applicable taxes, or such higher rate as may be
         determined from time to time by the Board of Directors of the Company
         (the "Board"). The Annual Base Salary shall be paid at such intervals
         as the Company pays executive salaries generally. During the Employment
         Period, the Annual Base Salary shall be reviewed at least annually,
         beginning no more than 12 months after the last salary increase awarded
         to the Executive prior to the Effective Date. Any increase in the
         Annual Base Salary shall not serve to limit or reduce any other
         obligation to the Executive under this Agreement. The Annual Base
         Salary shall not be reduced after any such increase and the term
         "Annual Base Salary" shall refer to the Annual Base Salary as so
         increased.

(b)      ANNUAL BONUS. In addition to the Annual Base Salary, during the
         Employment Period, Executive will be entitled to participate in an
         annual incentive compensation plan of the Company. The Executive's
         target annual bonus will be 100% of his Base Salary as in effect for
         such year (the "Target Bonus"), and his actual annual bonus may range
         from 0% to 250%, and will be determined based upon achievement of
         performance goals established by the Compensation Committee of the
         Board pursuant to such plan.

(c)      ADDITIONAL COMPENSATION. As a further inducement to entering into this
         Agreement, Executive shall receive the following Incentive
         Compensation:

         (i) Incentive Compensation. The Employee shall be entitled to receive
         such bonus payments or incentive compensation as may be determined at
         any time or from time to time by the Board in its discretion. Without
         limiting the generality of the foregoing, during the Term, the Employee
         shall be entitled to participate in an annual management incentive
         bonus pool ("Bonus Pool") equal to ten percent (10%) of Company's
         Pre-tax Earnings. For purposes of this Section, the term "Pre-tax
         Earnings" means the Company's earnings before income taxes, as
         determined in accordance with generally accepted accounting principles,
         consistently applied with the Company's past practices, and as
         reflected in the Company's audited financial statements for the
         relevant fiscal year. If the Company does not achieve positive Pre-tax
         Earnings for any fiscal year, no Bonus Pool shall be established for
         such fiscal year. The Bonus Pool shall be allocated among Employee and
         such other officers of the Company as are recommended by the Employee
         and approved by the Board. The Board of Directors,in its sole
         discretion, shall determine the allocation of Bonus Pool funds among
         the eligible participants; provided, that the entire balance of the
         Bonus Pool shall be allocated each year. The portion of the Bonus Pool
         payable to the Employee with respect to any fiscal year (net of any tax
         or other amount properly withheld therefrom) shall be paid by the
         Company within ninety (90)days after the end of the fiscal year. The
         amount payable pursuant to this Section 4.c for any fiscal year during

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         which the Term expires or this Agreement is terminated shall be
         prorated and payable only with respect to the portion of the fiscal
         year during which the Employee was employed by the Company. No amount
         shall be payable pursuant to this Section 4.c with respect to any
         fiscal year during which the Executive's employment is terminated by
         the Company for Cause, or by the Employee as a result of his
         voluntarily resignation.

         (ii) Royalty Compensation. The Employee shall be entitled to receive a
         Royalty Compensation on oil contracts initiated through the efforts of
         employee such Royalty Compensation payments as may be determined at any
         time or from time to time by the Board in its discretion.

         (iii) Non-Dilution. The Employee shall be entitled to receive an equity
         non-dilution agreement for the current stock holdings in the company
         during the tenure of this employment agreement. Company will issue
         shares to employee to maintain no less than the current equity
         holdings, plus earned and bonus shares that may be issued and may be
         determined at any time or from time to time by the Board in its
         discretion.

(d)      OTHER COMPENSATION. Executive shall be entitled to participate in any
         incentive or supplemental compensation plan or arrangement maintained
         or instituted by the Company, and covering its principal executive
         officers, at a level commensurate with his positions and to receive
         additional compensation from the Company in such form, and to such
         extent, if any, as the Compensation Committee may in its sole
         discretion from time to time specify.

(e)      WELFARE BENEFIT PLANS. Executive and/or the Executive's family, as the
         case may be, shall be eligible for participation in and shall receive
         all benefits under welfare benefit plans, practices, policies and
         programs provided by the Company (including, without limitation,
         medical, prescription drugs, dental, vision, disability, employee life,
         group life, accidental death and travel accident insurance plans and
         programs) to the extent applicable generally to other peer executives
         of the Company.

(f)      SUPPLEMENTAL ANNUAL RETIREMENT BENEFIT. Executive (or his spouse), that
         survives Executive) shall be entitled to the supplemental annual
         retirement benefit payable by the Company set forth below (the
         "Supplemental Annual Retirement Benefit"). The first applicable
         Supplemental Annual Retirement Benefit shall become payable upon the
         termination of Executive's employment with the Company, and such
         Supplemental Annual Retirement Benefit shall be payable each year to
         Executive through the remainder of his life in quarterly calendar
         installments (with a prorated initial installment if necessary), with a
         50% right of survivorship.

         In the event Executive's employment terminates for any reason, the
         Supplemental Annual Retirement Benefit shall be (with proration between
         specified dates based on the number of three-month periods in which he
         was employed compared to 4 and, in any event $700,000 if after, at, or
         in contemplation of, a Change in Control):

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                                                           Supplemental Annual
Date of Employment Termination                             Retirement Benefit
------------------------------                             -------------------

On or after the fifth anniversary of the Effective Date          $700,000
On or after the fourth anniversary of the Effective Date         $500,000
On or after the third anniversary of the Effective Date          $300,000
On or after the second anniversary of the Effective Date         $200,000
On or after the first anniversary of the Effective Date          $100,000
Prior to the first anniversary of the Effective Date               None

(g)      EXPENSE REIMBURSEMENT. During the Employment Period, the Executive
         shall be entitled to receive prompt reimbursement for all reasonable
         expenses incurred by the Executive in accordance with the most
         favorable policies, practices and procedures of the Company in effect
         for the Executive at any time during the 120-day period immediately
         preceding the Effective Date or, if more favorable to the Executive, as
         in effect generally at any time thereafter with respect to other peer
         executives of the Company.

(h)      SECURITY BENEFIT. The Company will provide Executive with personal
         safety and security protection as appropriate and reasonable when
         traveling on behalf of the company to international locations.

(i)      OFFICE AND SUPPORT STAFF. During the Employment Period, the Executive
         shall be entitled to an appropriate office at the principal place of
         business and at his personal residence provided by the Company.

(k)      VACATION. During the Employment Period, Executive shall be entitled to
         vacation each year in accordance with the Company's policies in effect
         from time to time, but in no event less than four (4) weeks paid
         vacation per calendar year. The Executive shall be entitled to such
         periods of sick leave as is customarily provided by the Company for its
         senior executive employees.

5.       TERMINATION OF EMPLOYMENT.

Executive's employment hereunder may be terminated under the following
circumstances:

(a)      DEATH. Executive's employment hereunder shall terminate upon
         Executive's death.

(b)      TOTAL DISABILITY. The Company may terminate Executive's employment
         hereunder upon Executive becoming "Totally Disabled". For purposes of
         this Agreement, Executive shall be "Totally Disabled" if Executive has
         been physically or mentally incapacitated so as to render Executive
         incapable of performing Executive's material usual and customary
         duties, with or without reasonable accommodation as required by law,
         under this Agreement for six (6) consecutive months (such consecutive
         absence not being deemed interrupted by Executive's return to service
         for less than 10 consecutive business days if absent thereafter for the
         same illness or disability). Any such termination shall be upon thirty
         (30) days written notice given at any time thereafter while Executive
         remains Totally Disabled, provided that a termination for Total
         Disability hereunder shall not be effective if Executive returns to
         full performance of his duties within such thirty (30) day period.

(c)      TERMINATION BY THE COMPANY FOR CAUSE. The Company may terminate
         Executive's employment hereunder for "Cause" at any time. If the
         Company elects to terminate Executive's employment for Cause, the

                                  Page 4 of 19
<PAGE>

         Chairman of the Governance Committee of the Board shall provide ten
         (10) days written notice of the Company's intent to terminate
         Executive's employment for "Cause."

                  (i) For purposes of this Agreement, the term "Cause" shall be
                  limited to (1) willful misconduct by Executive with regard to
                  the Company which has a material adverse effect on the
                  Company; (2) the willful refusal of Executive to attempt to
                  follow the proper written direction of the Board, provided
                  that the foregoing refusal shall not be "Cause" if Executive
                  in good faith believes that such direction is illegal,
                  unethical or immoral and promptly so notifies the Board; (3)
                  substantial and continuing willful refusal by the Executive to
                  attempt to perform the duties required of him hereunder (other
                  than any such failure resulting from incapacity due to
                  physical or mental illness) after a written demand for
                  substantial performance is delivered to the Executive by the
                  Board which specifically identifies the manner in which it is
                  believed that the Executive has substantially and continually
                  refused to attempt to perform his duties hereunder; or (4) the
                  Executive being convicted of or a plea or nolo contendere to
                  the charge of a felony (other than a felony involving a
                  traffic violation or as a result of vicarious liability). For
                  purposes of this paragraph, no act, or failure to act, on
                  Executive's part shall be considered "willful" unless done or
                  omitted to be done, by him not in good faith and without
                  reasonable belief that his action or omission was in the best
                  interests of the Company.

                  (ii) The ten (10) day notice of intent to terminate for Cause
                  shall mean a notice that shall indicate the specific
                  termination provision in Section 5(c)(i) relied upon and shall
                  set forth in reasonable detail the facts and circumstances
                  which provide for a basis for termination for Cause. Further,
                  the ten (10) day notice of intent to terminate for Cause shall
                  set the date at least ten (10) days after the date of the
                  notice, and include a copy of a notice of a Special Meeting of
                  the Board called for the purpose of considering such
                  termination and which Executive and his representative shall
                  have the right to attend and address the Board. For such
                  termination for "Cause" to be effective, at least two-thirds
                  (2/3rds) of the Board (not including the Executive) must find
                  that, in the good faith of the Board, Executive engaged in
                  conduct set forth in the definition of Cause herein and
                  specifying the particulars thereof in reasonable detail. The
                  date of termination for a termination for Cause shall be the
                  date indicated in the minutes of the Special Meeting of the
                  Board called to consider such termination for Cause. Any
                  purported termination for Cause which is held by a court or
                  arbitrator not to have been based on the grounds set forth in
                  this Agreement or not to have followed the procedures set
                  forth in this Agreement shall be deemed a termination by the
                  Company without Cause.

(d)      VOLUNTARY TERMINATION BY EXECUTIVE. Executive may terminate employment
         hereunder with or without Good Reason at any time upon thirty (30) days
         written notice to the Company.

                  (i) A Termination for Good Reason means a termination by
                  Executive by written notice given within thirty (30) days
                  after the occurrence of the Good Reason event, unless such

                                  Page 5 of 19
<PAGE>

                  circumstances are fully corrected prior to the date of
                  termination specified in the Notice of Termination for Good
                  Reason. For purposes of this Agreement, "Good Reason" shall
                  mean the occurrence or failure to cause the occurrence, as the
                  case may be, without Executive's express written consent, of
                  any of the following circumstances: (1) any material
                  diminution of Executive's positions, duties or
                  responsibilities hereunder (except in each case in connection
                  with the termination of Executive's employment for Cause or
                  Total Disability or as a result of Executive's death, or
                  temporarily as a result of Executive's illness or other
                  absence), or, the assignment to Executive of duties or
                  responsibilities that are inconsistent with Executive's then
                  position; provided that if the Company becomes a fifty percent
                  or more subsidiary of any other entity, Executive shall be
                  deemed to have a material diminution of his position unless he
                  is also Chairman and Chief Executive Officer of the ultimate
                  parent entity; (2) removal of, or the nonreelection of, the
                  Executive from officer positions with the Company specified
                  herein or removal of the Executive from any of his then
                  officer positions; (3) requiring Executive's principal place
                  of business to be located other than in the Fort Lauderdale,
                  Florida greater Metropolitan region; (4) a failure by the
                  Company (I) to continue any bonus plan, program or arrangement
                  in which Executive is entitled to participate (the "Bonus
                  Plans"), provided that any such Bonus Plans may be modified at
                  the Company's discretion from time to time but shall be deemed
                  terminated if (x) any such plan does not remain substantially
                  in the form in effect prior to such modification and (y) if
                  plans providing Executive with substantially similar benefits
                  are not substituted therefor ("Substitute Plans"), or (II) to
                  continue Executive as a participant in the Bonus Plans and
                  Substitute Plans on at least the same basis as to potential
                  amount of the bonus as Executive participated in prior to any
                  change in such plans or awards, in accordance with the Bonus
                  Plans and the Substitute Plans, (5) any material breach by the
                  Company of any provision of this Agreement, including without
                  limitation Section 10 hereof; (6) Company's failure to
                  nominate Executive as a member of the Board; or (7) failure of
                  any successor to the Company (whether direct or indirect and
                  whether by merger, acquisition, consolidation or otherwise) to
                  assume in a writing delivered to Executive upon the assignee
                  becoming such, the obligations of the Company hereunder.

                  (ii) A Notice of Termination for Good Reason shall mean a
                  notice that shall indicate the specific termination provision
                  relied upon and shall set forth in reasonable detail the facts
                  and circumstances claimed to provide a basis for Termination
                  for Good Reason. The failure by Executive to set forth in the
                  Notice of Termination for Good Reason any facts or
                  circumstances which contribute to the showing of Good Reason
                  shall not waive any right of Executive hereunder or preclude
                  Executive from asserting such fact or circumstance in
                  enforcing his rights hereunder. The Notice of Termination for
                  Good Reason shall provide for a date of termination not less
                  than ten (10) nor more than sixty (60) days after the date
                  such Notice of Termination for Good Reason is given, provided
                  that in the case of the events set forth in Sections
                  5(d)(i)(1) or (2) the date may be five (5) days after the
                  giving of such notice.

                                  Page 6 of 19
<PAGE>

(e)      TERMINATION BY THE COMPANY WITHOUT CAUSE. The Company may terminate
         Executive's employment hereunder without Cause at any time upon 30 days
         written notice to Executive.

(f)      EFFECT OF TERMINATION. Upon any termination of employment, Executive
         shall immediately resign from all Board memberships and other positions
         with the Company or any of its subsidiaries held by him at such time.

6.       COMPENSATION FOLLOWING TERMINATION OF EMPLOYMENT.

In the event that Executive's employment hereunder is terminated, Executive
shall be entitled to the following compensation and benefits upon such
termination:

(a)      TERMINATION IN THE EVENT OF DEATH. In the event that Executive's
         employment is terminated by reason of Executive's death, the Company
         shall pay the following amounts to Executive's beneficiary or estate:

                  (i) Any accrued but unpaid Base Salary for services rendered
                  to the date of death, any accrued but unpaid expenses required
                  to be reimbursed under this Agreement, any vacation accrued to
                  the date of termination, any earned but unpaid bonuses for any
                  prior period, and a pro-rata "bonus" or incentive compensation
                  payment for the period in which such termination occurred to
                  the extent payments are awarded senior executives and paid at
                  the same time as senior executives are paid.

                  (ii) Any benefits to which Executive may be entitled pursuant
                  to the plans, policies and arrangements (including those
                  referred to in Section 4(f) hereof), as determined and paid in
                  accordance with the terms of such plans, policies and
                  arrangements.

                  (iii) An amount equal to the Base Salary (at the rate in
                  effect as of the date of Executive's death) which would have
                  been payable to Executive if Executive had continued in
                  employment for two additional years. Said payments will be
                  paid to Executive's estate or beneficiary at the same time and
                  in the same manner as such compensation would have been paid
                  if Executive had remained in active employment.

                  (iv) As of the date of termination by reason of Executive's
                  death, stock options awarded to Executive and the Restricted
                  Stock Grant shall be fully vested and Executive's estate or
                  beneficiary shall have up to one (1) year from the date of
                  death to exercise all such options.

                  (v) As otherwise specifically provided herein.

(b)      TERMINATION IN THE EVENT OF TOTAL DISABILITY. In the event that
         Executive's employment is terminated by reason of Executive's Total
         Disability as determined in accordance with Section 5(b), the Company
         shall pay the following amounts to Executive:

                  (i) Any accrued but unpaid Base Salary for services rendered
                  to the date of termination, any accrued but unpaid expenses
                  required to be reimbursed under this Agreement, any vacation
                  accrued to the date of termination and any earned but unpaid

                                  Page 7 of 19
<PAGE>

                  bonuses for any prior period. Executive shall also be eligible
                  for a pro-rata bonus or incentive compensation payment to the
                  extent such awards are made to senior executives for the year
                  in which Executive is terminated,

                  (ii) Any benefits to which Executive may be entitled pursuant
                  to the plans, policies and arrangements (including those
                  referred to in Section 4(f) hereof) shall be determined and
                  paid in accordance with the terms of such plans, policies and
                  arrangements.

                  (iii) An amount equal to the Base Salary (at the rate in
                  effect as of the date of Executive's Total Disability) which
                  would have been payable to Executive if Executive had
                  continued in active employment for two years following
                  termination of employment, less any payments under any
                  long-term disability plan or arrangement paid for by the
                  Company. Payment shall be made at the same time and in the
                  same manner as such compensation would have been paid if
                  Executive had remained in active employment until the end of
                  such period,

                  (iv) As of the date of termination by reason of Executive's
                  total disability, Executive shall be fully vested in all stock
                  option awards and the Restricted Stock Grant and Executive
                  shall have up to one (1) year from the date of termination by
                  reason of total disability to exercise all such options.

                  (v) As otherwise specifically provided herein.

(c)      TERMINATION FOR CAUSE. In the event that Executive's employment is
         terminated by the Company for Cause, the Company shall pay the
         following amounts to Executive:

                  (i) Any accrued but unpaid Base Salary for services rendered
                  to the date of termination, any accrued but unpaid expenses
                  required to be reimbursed under this Agreement, any vacation
                  accrued to the date of termination and any earned but unpaid
                  bonuses for any prior period.

                  (ii) Any benefits to which Executive may be entitled pursuant
                  to the plans, policies and arrangements (including those
                  referred to in Section 4(f) hereof) shall be determined and
                  paid in accordance with the terms of such plans, policies and
                  arrangements.

                  (iii) As otherwise specifically provided herein.

         Any options, restricted stock or other awards that have not vested
         prior to the date of such termination of employment shall be cancelled
         and any options held by Executive shall be cancelled, whether or not
         then vested.

(d)      VOLUNTARY TERMINATION BY EXECUTIVE. In the event that Executive
         voluntarily terminates employment other than for Good Reason, the
         Company shall pay the following amounts to Executive:

                  (i) Any accrued but unpaid Base Salary for services rendered
                  to the date of termination, any accrued but unpaid expenses
                  required to be reimbursed under this Agreement, any vacation

                                  Page 8 of 19
<PAGE>

                  accrued to the date of termination and any earned but unpaid
                  bonuses for any prior period.

                  (ii) Any benefits to which Executive may be entitled pursuant
                  to the plans, policies and arrangements (including those
                  referred to in Section 4(f) hereof) shall be determined and
                  paid in accordance with the terms of such plans, policies and
                  arrangements.

                  (iii) As otherwise specifically provided herein.

         Any options, restricted stock or other awards that have not vested
         prior to the date of such termination of employment shall be cancelled
         and Executive shall have 90 days following termination of employment to
         exercise any previously vested options (or, if earlier, until the
         stated expiration thereof).

(e)      TERMINATION BY THE COMPANY WITHOUT CAUSE; TERMINATION BY EXECUTIVE FOR
         GOOD REASON. In the event that Executive's employment is terminated by
         the Company for reasons other than death, Total Disability or Cause, or
         Executive terminates his employment for Good Reason, the Company shall
         pay the following amounts to Executive:

                  (i) Any accrued but unpaid Base Salary for services rendered
                  to the date of termination, any accrued but unpaid expenses
                  required to be reimbursed under this Agreement, any vacation
                  accrued to the date of termination and any earned but unpaid
                  bonuses for any prior period.

                  (ii) Any benefits to which Executive may be entitled pursuant
                  to the plans, policies and arrangements referred to in Section
                  4(f) hereof shall be determined and paid in accordance with
                  the terms of such plans, policies and arrangements.

                  (iii) An amount equal to two times the sum of Executive's Base
                  Salary plus his Target Annual Bonus (in each case as then in
                  effect), of which one-half shall be paid in a lump sum within
                  ten (10) days after such termination and one-half shall be
                  paid during the two (2) year period beginning on the date of
                  Executive's termination and shall be paid at the same time and
                  in the same manner as Base Salary would have been paid if
                  Executive had remained in active employment until the end of
                  such period.

                  (iv) The Company at its expense will continue for Executive
                  and Executive's spouse and dependents, all health benefit
                  plans, programs or arrangements, whether group or individual,
                  and also including deferred compensation, disability,
                  automobile, and other benefit plans, in which Executive was
                  entitled to participate at any time during the twelve-month
                  period prior to the date of termination, until the earliest to
                  occur of (A) two years after the date of termination; (B)
                  Executive's death (provided that benefits payable to
                  Executive's beneficiaries shall not terminate upon Executive's
                  death); or (C) with respect to any particular plan, program or
                  arrangement, the date Executive becomes covered by a
                  comparable benefit by a subsequent employer. In the event that
                  Executive's continued participation in any such plan, program,
                  or arrangement of the Company is prohibited, the Company will

                                  Page 9 of 19
<PAGE>

                  arrange to provide Executive with benefits substantially
                  similar to those which Executive would have been entitled to
                  receive under such plan, program, or arrangement, for such
                  period on a basis which provides Executive with no additional
                  after tax cost.

                  (v) Except to the extent prohibited by law, and except as
                  otherwise provided herein, Executive will be 100% vested in
                  all benefits, awards, and grants accrued but unpaid as of the
                  date of termination under any pension plan, profit sharing
                  plan, supplemental and/or incentive compensation plans in
                  which Executive was a participant as of the date of
                  termination. Executive shall also be eligible for a bonus or
                  incentive compensation payment, at the same time, on the same
                  basis, and to the same extent payments are made to senior
                  executives, pro-rated for the fiscal year in which the
                  Executive is terminated.

                  (vi) Executive shall continue to vest in all stock option
                  awards or restricted stock awards over the two (2) year period
                  commencing on the date of such termination of employment.
                  Executive shall have two (2) years and six (6) months after
                  the date of termination to exercise all options, unless by
                  virtue of the particular stock option award, the option grant
                  expires on an earlier date.

                  (vii) As otherwise specifically provided herein.

(f)      NO OTHER BENEFITS OR COMPENSATION. Except as may be provided under this
         Agreement, under the terms of any incentive compensation, employee
         benefit, or fringe benefit plan applicable to Executive at the time of
         Executive's termination or resignation of employment, Executive shall
         have no right to receive any other compensation, or to participate in
         any other plan, arrangement or benefit, with respect to future periods
         after such termination or resignation.

(g)      NO MITIGATION; NO SET-OFF. In the event of any termination of
         employment hereunder, Executive shall be under no obligation to seek
         other employment and there shall be no offset against any amounts due
         Executive under this Agreement on account of any remuneration
         attributable to any subsequent employment that Executive may obtain.
         The amounts payable hereunder shall not be subject to setoff,
         counterclaim, recoupment, defense or other right, which the Company may
         have against the Executive or others, except upon obtaining by the
         Company of a final unappealable judgment against Executive.

7.       COMPENSATION PAYABLE FOLLOWING CHANGE IN CONTROL.

(a)      PAYMENTS FOLLOWING A CHANGE IN CONTROL. In the event a "Change in
         Control" occurs and either: (i) the Executive elects, at any time
         following the one-year period after such Change in Control, and before
         the end of the second year after such Change of Control, to cease being
         the Chief Executive Officer of the Company; or (ii) Executive's
         employment is terminated within two years following such Change of
         Control by the Company for any reason other than for Cause, or by
         Executive for Good Reason, the Company shall pay the following amounts
         to Executive:

                  A. An amount equal to three times the sum of Executive's Base
                  Salary plus his Target Annual Bonus (in each case as then in

                                 Page 10 of 19
<PAGE>

                  effect) payable in a lump-sum within 5 days following the
                  Change in Control or, if later, within five (5) days following
                  the date the Executive ceases to be Chief Executive Officer of
                  the Company. If the Executive's employment with the Company is
                  terminated for any reason other than Cause on or after the
                  date of the Change in Control, then (A) the amount provided in
                  this Section 7(a)(i) shall be in lieu of any amounts otherwise
                  due to the Executive under Section 6(e)(iii), and (B) benefits
                  shall be continued for the period provided in Section
                  6(e)(iv), or for three years following the Change in Control,
                  whichever provides the longer continuation period.

                  B. Executive will be 100% vested in all benefits, awards, and
                  grants (including stock option grants and stock awards, all of
                  such stock options remaining exercisable for a period of at
                  least three (3) years following the Change in Control) accrued
                  but unpaid as of the Change in Control under any non-qualified
                  pension plan, supplemental and/or incentive compensation or
                  bonus plans, in which Executive was a participant as of the
                  date of the Change in Control and will be fully vested in the
                  $700,000 retirement benefit provided under Section 4(f)
                  hereof. Executive shall also receive a bonus or incentive
                  compensation payment (the "bonus payment") equal to 250% of
                  his then Base Salary, pro-rated as of the effective date of
                  the termination. The bonus payment shall be payable within
                  five(5) days after the Change in Control or, if later, within
                  five (5) days following the date the Executive ceases to be
                  Chief Executive Officer of the Company.

                  Subject to Executive's right to terminate for Good Reason,
                  which Executive shall fully retain, Executive agrees to
                  continue to serve as Chief Executive Officer of the Company
                  for at least a one-year period following a Change in Control
                  before exercising Executive's right to receive compensation
                  payable following a Change in Control pursuant to this Section
                  7 (a).

         For purposes of this Agreement, following a Change in Control, the term
         "Company" shall include the entity surviving such Change in Control.

(b)      CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY.

                  (i) In the event that the Executive shall become entitled to
                  payments and/or benefits provided by this Agreement or any
                  other amounts in the "nature of compensation" (whether
                  pursuant to the terms of this Agreement or any other plan,
                  arrangement or agreement with the Company, any person whose
                  actions result in a change of ownership or effective control
                  covered by Section 280G(b)(2) of the Code or any person
                  affiliated with the Company or such person) as a result of
                  such change in ownership or effective control (collectively
                  the "Company Payments"), and such Company Payments will be
                  subject to the tax (the "Excise Tax") imposed by Section 4999
                  of the Code (and any similar tax that may hereafter be imposed
                  by any taxing authority) the Company shall pay to the
                  Executive at the time specified in subsection (iv) below an
                  additional amount (the "Gross-up Payment") such that the net
                  amount retained by the Executive, after deduction of any
                  Excise Tax on the Company Payments and any U.S. federal,

                                 Page 11 of 19
<PAGE>

                  state, and for local income or payroll tax upon the Gross-up
                  Payment provided for by this Section 7(b), but before
                  deduction for any U.S. federal, state, and local income or
                  payroll tax on the Company Payments, shall be equal to the
                  Company Payments.

                  (ii) For purposes of determining whether any of the Company
                  Payments and Gross-up Payments (collectively the "Total
                  Payments") will be subject to the Excise Tax and the amount of
                  such Excise Tax, (x) the Total Payments shall be treated as
                  "parachute payments" within the meaning of Section 280G(b)(2)
                  of the Code, and all "parachute payments" in excess of the
                  "base amount" (as defined under Code Section 280G(b)(3) of the
                  Code) shall be treated as subject to the Excise Tax, unless
                  and except to the extent that, in the opinion of the Company's
                  independent certified public accountants appointed prior to
                  any change in ownership (as defined under Code Section
                  280G(b)(2)) or tax counsel selected by such accountants (the
                  "Accountants") such Total Payments (in whole or in part)
                  either do not constitute "parachute payments," represent
                  reasonable compensation for services actually rendered within
                  the meaning of Section 280G(b)(4) of the Code in excess of the
                  "base amount" or are otherwise not subject to the Excise Tax,
                  and (y) the value of any non-cash benefits or any deferred
                  payment or benefit shall be determined by the Accountants in
                  accordance with the principles of Section 280G of the Code.

                  (iii) For purposes of determining the amount of the Gross-up
                  Payment, the Executive shall be deemed to pay U.S. federal
                  income taxes at the highest marginal rate of U.S. federal
                  income taxation in the calendar year in which the Gross-up
                  Payment is to be made and state and local income taxes at the
                  highest marginal rate of taxation in the state and locality of
                  the Executive's residence for the calendar year in which the
                  Company Payment is to be made, net of the maximum reduction in
                  U.S. federal income taxes which could be obtained from
                  deduction of such state and local taxes if paid in such year.
                  In the event that the Excise Tax is subsequently determined by
                  the Accountants to be less than the amount taken into account
                  hereunder at the time the Gross-up Payment is made, the
                  Executive shall repay to the Company, at the time that the
                  amount of such reduction in Excise Tax is finally determined,
                  the portion of the prior Gross-up Payment attributable to such
                  reduction (plus the portion of the Gross-up Payment
                  attributable to the Excise Tax and U.S. federal, state and
                  local income tax imposed on the portion of the Gross-up
                  payment being repaid by the Executive if such repayment
                  results in a reduction In Excise Tax or a U.S. federal, state
                  and local income tax deduction), plus interest on the amount
                  of such repayment at the rate provided in Section
                  1274(b)(2)(B) of the Code. Notwithstanding the foregoing, in
                  the event any portion of the Gross-up Payment to be refunded
                  to the Company has been paid to any U.S. federal, state and
                  local tax authority, repayment thereof (and related amounts)
                  shall not be required until actual refund or credit of such
                  portion has been made to the Executive, and interest payable
                  to the Company shall not exceed the interest received or
                  credited to the Executive by such tax authority for the period
                  it held such portion. The Executive and the Company shall

                                 Page 12 of 19
<PAGE>

                  mutually agree upon the course of action to be pursued (and
                  the method of allocating the expense thereof) if the
                  Executive's claim for refund or credit is denied.

                  In the event that the Excise Tax is later determined by the
                  Accountant or the Internal Revenue Service to exceed the
                  amount taken into account hereunder at the time the Gross-up
                  Payment is made (including by reason of any payment the
                  existence or amount of which cannot be determined at the time
                  of the Gross-up Payment), the Company shall make an additional
                  Gross-up Payment in respect of such excess (plus any interest
                  or penalties payable with respect to such excess) at the time
                  that the amount of such excess is finally determined.

                  (iv) The Gross-up Payment or portion thereof provided for in
                  subsection (iii) above shall be paid not later than the
                  thirtieth (30th) day following an event occurring which
                  subjects the Executive to the Excise Tax; provided, however,
                  that if the amount of such Gross-up Payment or portion thereof
                  cannot be finally determined on or before such day, the
                  Company shall pay to the Executive on such day an estimate, as
                  determined in good faith by the Accountant, of the minimum
                  amount of such payments and shall pay the remainder of such
                  payments (together with interest at the rate provided in
                  Section 1274(b)(2)(B) of the Code),

                  subject to further payments pursuant to subsection (iii)
                  hereof, as soon as the amount thereof can reasonably be
                  determined, but in no event later than the ninetieth day after
                  the occurrence of the event subjecting the Executive to the
                  Excise Tax. In the event that the amount of the estimated
                  payments exceeds the amount subsequently determined to have
                  been due, such excess shall constitute a loan by the Company
                  to the Executive, payable on the fifth day after demand by the
                  Company (together with interest at the rate provided in
                  Section 1274(b)(2)(B) of the Code).

                  (v) In the event of any controversy with the Internal Revenue
                  Service (or other taxing authority) with regard to the Excise
                  Tax, the Executive shall permit the Company to control issues
                  related to the Excise Tax (at its expense), provided that such
                  issues do not potentially materially adversely affect the
                  Executive, but the Executive shall control any other issues.
                  In the event the issues are interrelated, the Executive and
                  the Company shall in good faith cooperate so as not to
                  jeopardize resolution of either issue, but if the parties
                  cannot agree the Executive shall make the final determination
                  with regard to the issues. In the event of any conference with
                  any taxing authority as to the Excise Tax or associated income
                  taxes, the Executive shall permit the representative of the
                  Company to accompany the Executive, and the Executive and the
                  Executive's representative shall cooperate with the Company
                  and its representative.

                  (vi) The Company shall be responsible for all charges of the
                  Accountant.

                  (vii) The Company and the Executive shall promptly deliver to
                  each other copies of any written communications, and summaries

                                 Page 13 of 19
<PAGE>

                  of any verbal communications, with any taxing authority
                  regarding the Excise Tax covered by this Section 7(b).

(c)      LUMP SUM SETTLEMENT. The Company and the Executive each agree, after
         Termination of Executive's employment with the Company and upon written
         request of the other, to negotiate in good faith to reach a lump-sum
         settlement of all amounts owing to Executive and/or Executive's
         beneficiaries under the terms of this Agreement, including all amounts
         owing under Sections 4(e) and 4(f) hereof.

(d)      CHANGE IN CONTROL. For purposes of this Agreement, "Change in Control"
         means the occurrence of any of the following events:

         (i)there shall be consummated (A) any consolidation or merger of the
         Company in which the Company is not the continuing or surviving
         corporation or pursuant to which shares of the Company's Common Stock
         would be converted into cash, securities or other property, other than
         a merger of the Company where a majority of the Board of Directors of
         the surviving corporation are, and for a two-year period after the
         merger continue to be, persons who were directors of the Company
         immediately prior to the merger or were elected as directors, or
         nominated for election as director, by a vote of at least two-thirds of
         the directors then still in office who were directors of the Company
         immediately prior to the merger, or (B) any sale, lease, exchange or
         transfer (in one transaction or a series of related transactions) of
         all or substantially all of the assets of the Company, or

         (ii)the shareholders of the Company shall approve any plan or proposal
         for the liquidation or dissolution of the Company, or

         (iii)(A) any "person" (as such term is used in Sections 13(d) and
         14(d)(2) of the Securities Exchange Act of 1934, as amended (the
         "Exchange Act"), other than the Company or a subsidiary thereof or any
         employee benefit plan sponsored by the Company or a subsidiary thereof,
         shall become the beneficial owner (within the meaning of Rule 13d-3
         under the Exchange Act) of securities of the Company representing 20
         percent or more of the combined voting power of the Company's then
         outstanding securities ordinarily (and apart from rights accruing in
         special circumstances) having the right to vote in the election of
         directors, as a result of a tender or exchange offer, open market
         purchases, privately negotiated purchases or otherwise, and (B) at any
         time during a period of two years thereafter, individuals who
         immediately prior to the beginning of such period constituted the Board
         of Directors of the Company shall cease for any reason to constitute at
         least a majority thereof, unless the election or the nomination by the
         Board of Directors for election by the Company's shareholders of each
         new director during such period was approved by a vote of at least
         two-thirds of the directors then still in office who were directors at
         the beginning of such period.

8.       RESTRICTIVE COVENANTS.

(a)      COMPETITIVE ACTIVITY. Executive covenants and agrees that at all times
         during Executive's period of employment with the Company, and for two
         (2) years thereafter, Executive will not engage in, assist, or have any
         active interest or involvement, whether as an employee, agent,
         consultant, creditor, advisor, officer, director, stockholder
         (excluding holding of less than 3% of the stock of a public company),
         partner, proprietor or any type of principal whatsoever in any person,
         firm, or business entity which, directly or indirectly, is engaged in

                                 Page 14 of 19
<PAGE>

         the business competitive with that conducted and carried on by the
         Company, without the Company's specific written consent to do so.
         Notwithstanding the foregoing, Executive may be employed by or provide
         services to, an investment banking firm or consulting firm that
         provides services to entities described in the previous sentence,
         provided that Executive does not personally represent or provide
         services to such entities.

(b)      NON-SOLICITATION. Executive covenants and agrees that at all times
         during Executive's period of employment with the Company, and for a
         period of two (2) years after the termination thereof, whether such
         termination is voluntary or involuntary by wrongful discharge, or
         otherwise, Executive will not directly and personally knowingly (i)
         induce any customers of the Company or corporations affiliated with the
         Company to patronize any similar business which competes with any
         material business of the Company; (ii) after his termination of
         employment, request or advise any customers of the Company or
         corporations affiliated with the Company to withdraw, curtail or cancel
         such customer's business with the Company; or (iii) after his
         termination of employment, individually or through any person, firm,
         association or corporation with which he is now, or may hereafter
         become associated, solicit, entice or induce any then employee of the
         Company, or any subsidiary of the Company, to leave the employ of the
         Company, or such other corporation, to accept employment with, or
         compensation from the Employee, or any person, firm, association or
         corporation with which Executive is affiliated without prior written
         consent of the Company. The foregoing shall not prevent Executive from
         serving as a reference for employees.

(c)      PROTECTED INFORMATION. Executive recognizes and acknowledges that
         Executive has had and will continue to have access to various
         confidential or proprietary information concerning the Company,
         corporations affiliated with the Company, and its clients and third
         parties doing business with the Company of a special and unique value
         which may include, without limitation, (i) books and records relating
         to operation, finance, accounting, sales, personnel and management,
         (ii) policies and matters relating particularly to operations such as
         customer service requirements, costs of providing service and
         equipment, operating costs and pricing matters, and (iii) various trade
         or business secrets, including customer lists, route sheets, business
         opportunities, marketing or business diversification plans, business
         development and bidding techniques, methods and processes, financial
         data and the like, to the extent not generally known in the industry
         (collectively, the "Protected Information"). Executive therefore
         covenants and agrees that Executive will not at any time, either while
         employed by the Company or afterwards, knowingly make any independent
         use of, or knowingly disclose to any other person or organization
         (except as authorized by the Company) any of the Protected Information,
         provided that (I) while employed by the Company, Executive may in good
         faith make disclosures he believes desirable, and (II) Executive may
         comply with legal process.

9.       ENFORCEMENT OF COVENANTS.

(a)      RIGHT TO INJUNCTION. Executive acknowledges that a breach of the
         covenants set forth in Section 8 hereof will cause irreparable damage
         to the Company with respect to which the Company's remedy at law for

                                 Page 15 of 19
<PAGE>

         damages may be inadequate. Therefore, in the event of breach or
         threatened breach of the covenants set forth in Section 8 by Executive,
         Executive and the Company agree that the Company shall be entitled to
         the following particular forms of relief, in addition to remedies
         otherwise available to it at law or equity; injunctions, both
         preliminary and permanent, enjoining or restraining such breach or
         threatened breach and Executive hereby consents to the issuance thereof
         forthwith and without bond by any court of competent jurisdiction.

(b)      SEPARABILITY OF COVENANTS. The covenants contained in Section 8 hereof
         constitute a series of separate covenants, one for each applicable
         State in the United States and the District of Columbia, and one for
         each applicable foreign country. If in any judicial proceeding, a court
         shall hold that any of the covenants set forth in Section 8 exceed the
         time, geographic, or occupational limitations permitted by applicable
         laws, Executive and the Company agree that such provisions shall and
         are hereby reformed to the maximum time, geographic, or occupational
         limitations permitted by such laws.

         Further, in the event a court shall hold unenforceable any of the
         separate covenants deemed included herein, then such unenforceable
         covenant or covenants shall be deemed eliminated from the provisions of
         this Agreement for the purpose of such proceeding to the extent
         necessary to permit the remaining separate covenants to be enforced in
         such proceeding. Executive and the Company further agree that the
         covenants in Section 8 shall each be construed as a separate agreement
         independent of any other provisions of this Agreement, and the
         existence of any claim or cause of action by Executive against the
         Company whether predicated on this Agreement or otherwise, shall not
         constitute a defense to the enforcement by the Company of any of the
         covenants of Section 8.

10.      INDEMNIFICATION.

The Company shall indemnify and hold harmless Executive to the fullest extent
permitted by law for any action or inaction of Executive while serving as an
officer and director of the Company or, at the Company's request, as an officer
or director of any other, entity or as a fiduciary of any benefit plan. The
Company shall cover the Executive under directors and officers liability
insurance both during and, while potential liability exists, after the
Employment Term in the same amount and to the same extent as the Company covers
its other officers and directors.

11.      DISPUTES AND PAYMENT OF ATTORNEY'S FEES.

If at any time during the term of this Agreement or afterwards there should
arise any dispute as to the validity, interpretation or application of any term
or condition of this Agreement, the Company agrees, upon written demand by
Executive (and Executive shall be entitled upon application to any court of
competent jurisdiction, to the entry of a mandatory injunction, without the
necessity of posting any bond with respect thereto, compelling the Company) to
promptly provide sums sufficient to pay on a current basis (either directly or
by reimbursing Executive) Executive's costs and reasonable attorney's fees
(including expenses of investigation and disbursements for the fees and expenses
of experts, etc.) incurred by Executive in connection with reasonably seeking to
enforce the terms of this Agreement. The provisions of this Section 11, without
implication as to any other section hereof, shall survive the expiration or
termination of this Agreement and of Executive's employment hereunder.

                                 Page 16 of 19
<PAGE>

12.      WITHHOLDING OF TAXES.

The Company may withhold from any compensation and benefits payable under this
Agreement all applicable federal, state, local, or other taxes.

13.      SOURCE OF PAYMENTS.

All payments provided under this Agreement, other than payments made pursuant to
a plan which provides otherwise, shall be paid from the general funds of the
Company, and no special or separate fund shall be established, and no other
segregation of assets made, to assure payment. Executive shall have no right,
title or interest whatever in or to any investments which the Company may make
to aid the Company in meeting its obligations hereunder. To the extent that any
person acquires a right to receive payments from the Company hereunder, such
right shall be no greater than the right of an unsecured creditor of the
Company.

14.      ASSIGNMENT.

Except as otherwise provided in this Agreement, this Agreement shall inure to
the benefit of and be binding upon the parties hereto and their respective
heirs, representatives, successors and assigns. This Agreement shall not be
assignable by Executive (but any payments due hereunder which would be payable
at a time after Executive's death shall be paid to Executive's designated
beneficiary or, if none, his estate) and shall be assignable by the Company only
to any financially solvent corporation or other entity resulting from the
reorganization, merger or consolidation of the company with any other
corporation or entity or any corporation or entity to or with which. the
Company's business or substantially all of its business or assets may be sold,
exchanged or transferred, and it must be so assigned by the Company to, and
accepted as binding upon it by, such other corporation or entity in connection
with any such reorganization, merger, consolidation, sale, exchange or transfer
in a writing delivered to Executive in a form reasonably acceptable to Executive
(the provisions of this sentence also being applicable to any successive such
transaction).

15.      ENTIRE AGREEMENT; AMENDMENT.

This Agreement shall supersede any and all existing oral or written agreements,
representations, or warranties between Executive and the Company or any of its
subsidiaries or affiliated entities relating to the terms of Executive's
employment by the Company. It may not be amended except by a written agreement
signed by both parties.

16.      GOVERNING LAW.

This Agreement shall be governed by and construed to accordance with the laws of
the State of Texas applicable to agreements made and to be performed in that
State, without regard to its conflict of laws provisions.

17.      REQUIREMENT OF TIMELY PAYMENTS.

If any amounts which are required, or determined to be paid or payable, or
reimbursed or reimbursable, to Executive under this Agreement (or any other
plan, agreement, policy or arrangement with the Company) are not so paid
promptly at the times provided herein or therein, such amounts shall accrue
interest, compounded daily, at an 8% annual percentage rate, from the date such
amounts were required or determined to have been paid or payable, reimbursed or
reimbursable to Executive, until such amounts and any interest accrued thereon
are finally and fully paid, provided, however, that in no event shall the amount
of interest contracted for, charged or received hereunder, exceed the maximum
non-usurious amount of interest allowed by applicable law.

                                 Page 17 of 19
<PAGE>

18.      NOTICES

Any notice, consent, request or other communication made or given in connection
with this Agreement shall be in writing and shall be deemed to have been duly
given when delivered or mailed by registered or certified mail, return receipt
requested, or by facsimile or by hand delivery, to those listed below at their
following respective addresses or at such other address as each may specify by
notice to the others:

To the Company:            FuelNation Inc.
                           4121 SW 47th Avenue, Suite 1301
                           Davie, Florida 33314
                           Attention: Chris Salmonson

To Executive:              At the address for Executive set forth below.

19.      MISCELLANEOUS.

(a)      WAIVER. The failure of a party to insist upon strict adherence to any
         term of this Agreement on any occasion shall not be considered a waiver
         thereof or deprive that party of the right thereafter to insist upon
         strict adherence to that term or any other term of this Agreement.

(b)      SEPARABILITY. Subject to Section 9 hereof, if any term or provision of
         this Agreement is declared illegal or unenforceable by any court of
         competent jurisdiction and cannot be modified to be enforceable, such
         term or provision shall immediately become null and void, leaving the
         remainder of this Agreement in full force and effect.

(c)      HEADINGS. Section headings are used herein for convenience of reference
         only and shall not affect the meaning of any provision of this
         Agreement.

(d)      RULES OF CONSTRUCTION. Whenever the context so requires, the use of the
         singular shall be deemed to include the plural and vice versa.

(e)      COUNTERPARTS. This Agreement may be executed in any number of
         counterparts, each of which so executed shall be deemed to be an
         original, and such counterparts will together constitute but one
         Agreement.

                                 Page 18 of 19
<PAGE>

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

FuelNation Inc.

By: /s/
    -------------------------
    Board Of Director

Date:

-----------------------------------

EXECUTIVE

Chris R. Salmonson
/s/ Chris R. Salmonson
-----------------------------------

Date:

-----------------------------------

Address: 4121 SW 47th Avenue, Suite 1301
         Davie, Florida 33314
         Attention: Chris Salmonson

                                 Page 19 of 19

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