Document:

Unassociated Document

    EMPLOYMENT
      AGREEMENT

     

    This
      Employment Agreement (“Agreement”) is entered into as of June 22, 2007 by and
      between J. Bryan Caillier (“Executive”) and Talen Marine and Fuel, Inc., a
      Louisiana corporation (the “Company”). This Agreement shall become effective as
      a valid and binding contract as of the date first above written, provided that
      the operative provisions hereof shall not become effective until the Closing
      (as
      defined in that certain Stock Purchase and Sale Agreement dated as of June
      22,
      2007, by and among the Company, Allegro Biodiesel Corporation (“Parent”) and
      certain other parties (the “Stock Purchase Agreement,” and such Closing being
      hereinafter referred to as the “Effective Date”)).
      In the
      event that the Stock Purchase Agreement is terminated or the transactions
      contemplated by the Stock Purchase Agreement are abandoned, this Agreement
      shall
      be null and void ab
      initio
      and
      shall have no force and effect. 

     

    
      WHEREAS,
        in
        connection with the transactions contemplated by the Stock Purchase Agreement,
        the Company desires to employ Executive to provide personal services to the
        Company, and wishes to provide Executive with certain compensation and benefits
        in return for Executive’s services; and

    

     

    WHEREAS,
      Executive wishes to be employed by the Company and provide personal services
      to
      the Company in return for certain compensation and benefits.

     

    
      NOW,
        THEREFORE,
        in
        consideration of the mutual promises and covenants contained herein, it is
        hereby agreed by and between the parties hereto as follows:

    

     

    ARTICLE
      I

    DEFINITIONS

     

    For
      purposes of the Agreement, the following terms are defined as
      follows:

     

    1.1  “Affiliate”
means,
      with respect to any party, any corporation, limited liability company,
      partnership, joint venture, firm and/or other entity which Controls, is
      Controlled by or is under common Control with such party.

     

    1.2  “Board”
means
      the Board of Directors of the Company.

     

    1.3  “Business”
means
      the business of the Company, which is engaged in the distribution of fuel ,
      lubricant and related materials, including but not limited to, storage and
      transportation, and wholesale and retail distribution of diesel, bio-diesel
      and
      bio-diesel blends, and any other business activity or service in which the
      Company or any Affiliate of the Company is engaged or making an active effort
      to
      develop business at the time of termination of Executive’s employment with the
      Company or any Affiliate of the Company. Executive agrees that the Company
      may
      periodically revise the description of the Business of the Company to reflect
      changes in the Company’s business. Executive acknowledges and agrees that as
      consideration for executing this Agreement, Executive agrees to sign addenda
      to
      this Agreement which update the description of the Business of the Company
      as
      revised by the Company.

     

    1.4  “Cause”
means:
      

     

    (a)  Executive’s
      willful
      failure to substantially perform the duties assigned to Executive in accordance
      with the Agreement or Executive’s breaching in any material respect any
      provisions of this Agreement or the employee policies and procedures of the
      Company;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)  Executive’s
      failure to carry out, or comply with, in any material respect any lawful
      directive of the Board or the appropriate individual to whom Executive
      reports; 

     

    (c)  Executive’s
      commission at any time of any act or omission that results in, or that may
      reasonably be expected to result in, a conviction, plea of no contest or
      imposition of unadjudicated probation for any felony or crime involving moral
      turpitude; 

     

    (d)  Executive’s
      unlawful use (including being under the influence) or possession of illegal
      drugs on the Company’s premises or while performing Executive’s duties and
      responsibilities under this Agreement;

     

    (e)  Executive’s
      violation of the Company’s drug and alcohol free workplace policy;
 

     

    (f)  Executive’s
      commission at any time of any act of fraud, embezzlement, material
      misappropriation, material misconduct, or breach of fiduciary duty against
      the
      Company; or

     

    (g)  Executive’s
      violation in any material respect of any federal, state or local law applicable
      to the Company or any Affiliate of the Company.

     

    1.5  “Confidentiality
      Agreement”
means
      the Company’s form of Proprietary Information and Invention Assignment Agreement
      to be executed by Executive contemporaneously with the execution of this
      Agreement and that is attached hereto as Annex A.

     

    1.6  “Control”
means
      (i) in the case of corporate entities, direct or indirect ownership of at least
      fifty percent (50%) of the stock or participating assets entitled to vote for
      the election of directors; and (ii) in the case of non-corporate entities (such
      as individuals, limited liability companies, partnerships or limited
      partnerships), either (A) direct or indirect ownership of at least fifty percent
      (50%) of the equity interest, or (B) the power to direct the management and
      policies of the non-corporate entity.

     

    1.7  “Covered
      Entity”
means
      every Affiliate of Executive, and every business, association, trust,
      corporation, partnership, limited liability company, proprietorship or other
      entity in which Executive has invested (whether through debt or equity
      securities), or has contributed any capital or made any advances to, or in
      which
      any Affiliate of Executive has an ownership interest or profit sharing
      percentage, or a firm from which Executive or any Affiliate of Executive
      receives or is entitled to receive income, compensation or consulting fees
      in
      which Executive or any Affiliate of Executive has an interest as a lender (other
      than solely as a trade creditor for the sale of goods or provision of services
      that do not otherwise violate the provisions of this Agreement); provided,
      however, that only entities whose management decisions are influenced by
      Executive shall be considered Covered Entities for purposes of this Agreement.
      The agreements of Executive contained herein specifically apply to each entity
      which is presently a Covered Entity or which becomes a Covered Entity subsequent
      to the date of this Agreement, and in both cases is a Covered Entity at the
      time
      of a violation of Article V of this Agreement. Notwithstanding anything
      contained in the foregoing provisions to the contrary, the term “Covered Entity”
shall not include the Company or any Affiliate of the Company. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    1.8  “Disability”
means
      a
      determination that Executive is unable or unwilling to substantially perform
      the
      material duties and responsibilities contemplated by this Agreement as a result
      of a disability within the meaning of the Company’s disability insurance plan,
      which inability continues for a period exceeding ninety (90) consecutive days
      or
      shorter periods exceeding ninety (90) days in the aggregate during any twelve
      (12) month period.

     

    1.1  “Involuntary
      Termination Without Cause”
means
      either Executive’s dismissal or discharge by the Company for any reason other
      than for Cause or
      Executive’s resignation within 12 months after a Sale of the Company as a result
      of a material diminution in Executive’s duties or responsibilities. The
      termination of Executive’s employment as a result of Executive’s death or
      Disability shall not be deemed to be an Involuntary Termination Without
      Cause.

     

    1.2  “Restricted
      Area”
means
      each and every state, county, parish, city or other political subdivision or
      geographic location in the United States or in any other territory or
      jurisdiction outside the United States, in which the Company or any Affiliate
      of
      the Company is engaged in or conducts the Business. The Restricted Area includes
      the geographic territory specifically set forth in Annex
      C
      of this
      Agreement. Executive agrees that the Company may periodically revise the
      Restricted Area to reflect any changes in the geographic territory in which
      the
      Company is conducting Business. Executive acknowledges and agrees that as
      consideration for this Agreement, Executive agrees to sign addenda to this
      Agreement which update the Restricted Area to reflect the geographic territory
      in which the Company conducts its Business as revised by the Company.

     

    1.3  “Restricted
      Period”
means
      the period commencing on the Effective Date and continuing until the second
      anniversary of Executive’s termination (whether voluntary or not) of employment
      with the Company and all Affiliates of the Company.

     

    1.4  “Sale
      of the Company”
means
      the consummation of any of the following: (i) the closing of a business
      combination (e.g., merger) of the Company with any other corporation or other
      type of business entity, which results in the voting securities of the Company
      outstanding immediately prior thereto not continuing to represent at least
      fifty
      percent (50%) of the total voting power represented by the voting securities
      of
      the Company or such controlling surviving entity outstanding immediately after
      such business combination; or (ii) the sale or other transfer or disposition
      by
      the Company of all or substantially all of the Company’s assets by value; or
      (iii) an acquisition of any voting securities of the Company by any “person” (as
      the term “person” is used for purposes of Section 13(d) or Section 14(d) of the
      Securities Exchange Act of 1934, as amended (the “1934 Act”)) immediately after
      which such person has “beneficial ownership” (within the meaning of Rule 13d-3
      promulgated under the 1934 Act) of fifty percent (50%) or more of the combined
      voting power of the Company’s then outstanding voting securities.

     

    
      
        
        

      

      
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    1.5  “Section
      409A”
means
      Section 409A of the Internal Revenue Code of 1986, as amended and the Department
      of Treasury Regulations and other interpretive guidance issued thereunder.
      

     

    1.6  “Stock
      Plan”
means
      Parent’s 2006 Incentive Compensation Plan, as may be amended from time to
      time.

     

    1.7  “Term”
means
      the period commencing on the Effective Date and terminating on the second
      (2nd)
      anniversary thereof, subject to earlier termination pursuant to the provisions
      of Article IV hereof. 

     

    ARTICLE
      II

    EMPLOYMENT
      BY THE COMPANY

     

    2.1  Position
      and Duties.  During
      the Term, the Company hereby agrees initially to employ Executive in the
      position of Senior Vice President Operations and Executive hereby agrees to
      provide services for the Company, on such terms and conditions as provided
      in
      this Agreement. Executive shall perform such duties as are customarily
      associated with the position of Senior Vice President Operations and such other
      duties as are commensurate with Executive’s position and are assigned to
      Executive by the Company. Executive understands and agrees that the Company
      may
      change Executive’s position and/or duties from time to time in its sole
      discretion (provided, however, that any change in Executive’s position or duties
      that requires the Executive to relocate to any location that represents a
      material change in the geographical location where Executive must perform
      services (within the meaning of Section 409A) and is more than 30 miles from
      each of Lafayette LA, Baton Rouge LA and New Orleans LA to which the Executive
      does not consent shall constitute an Involuntary Termination Without Cause).
      While Executive is employed by the Company during the Term, Executive shall
      devote Executive’s efforts and substantially all of Executive’s business time
      and attention (except for vacation periods and reasonable periods of illness
      or
      other incapacities permitted by the Company’s general employment policies or as
      otherwise set forth in this Agreement) to the business of the Company. Except
      with the prior written consent of the Company, Executive shall not during the
      Term undertake or engage in any other employment, occupation or business
      enterprise, other than ones which do not detract from Executive’s business time
      and attention devoted to the Company (if Executive is employed by the Company
      at
      such time) or in which Executive is a passive investor and are not in violation
      of the provisions in Article V. Executive may engage in civic and not-for-profit
      activities so long as such activities do not materially interfere with the
      performance of Executive’s duties hereunder.

     

    2.2  Employment
      Policies. The
      employment relationship between the parties shall also be governed by the
      employment policies of the Company, including but not limited to, those relating
      to protection of confidential information and assignment of inventions, except
      that when the terms of this Agreement differ from or are in conflict with the
      Company’s employment policies, this Agreement shall control.

     

    
      
        
        

      

      
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    ARTICLE
      III

    COMPENSATION

     

    3.1  Base
      Salary.
      During
      the Term, Executive
      shall receive for services to be rendered hereunder an annual base salary of
      $125,000 (as may be increased from time to time, the “Salary”), payable
      on the regular payroll dates of the Company as may be in effect from time to
      time.
      Subject
      to Executive’s continued employment hereunder, Salary shall be increased to
      $135,000 on the first anniversary of the Effective Date. Thereafter, Salary
      shall be adjusted from time to time as determined by, and in the sole discretion
      of, the person to whom Executive then reports or the Board of
      Directors.

     

    3.2  Signing
      Bonus.
      As soon
      as administratively practicable following the Effective Date, the Company shall
      pay $15,000 to Executive in a cash lump sum, subject to applicable tax and
      other
      withholdings.

     

    3.3  Target
      Bonus.
      During
      the Term, Executive shall be eligible for a target bonus of fifty percent (50%)
      of Executive’s Salary (the “Target Bonus”) and a stretch bonus of up to an
      additional fifty percent (50%) of Executive’s Salary (the “Stretch Bonus”) based
      on the Company’s financial performance as determined by the Board of Directors,
      in its sole discretion, pro-rated for a partial year and/or less-than-full-time
      employment and subject to Executive’s continued employment with the Company or
      an Affiliate of the Company through the applicable payment date; provided,
      that
      the minimum Target Bonus payable to Executive for fiscal year 2007 shall be
      $25,000.

     

    3.4  Stock
      Option.
      The
      Company shall grant to Executive under the Stock Plan an option to purchase
      250,000 shares of common stock of Allegro Biodiesel Corporation (the “Stock
      Option”). The Stock Option shall have an exercise price equal to the per share
      price at which Allegro Biodiesel Corporation raises equity financing in
      connection with its acquisition of the Company. The Stock Option shall vest
      as
      to one-sixth (1/6th)
      of the
      shares subject thereto on each of January 1, 2008 and January 1, 2009, subject
      to Executives continued employment with the Company or an Affiliate of the
      Company hereunder. The Stock Option shall further vest as to one-third
      (1/3rd)
      of the
      shares subject thereto on each of January 1, 2008 and January 1, 2009, subject
      to Executive’s continued employment with the Company or an Affiliate of the
      Company hereunder and the Company’s achievement of the performance criteria set
      forth in Annex B. The Stock Option shall become exercisable as it vests and
      remain exercisable until the date that is two and one-half months after the
      last
      day of the calendar year in which the relevant Stock Option vests (that is,
      March 15, 2009 and March 15, 2010, respectively, in the case vesting were to
      occur on January 1, 2008 and January 1, 2009). The parties acknowledge and
      agree
      that they each intend the vesting and exercise provisions of the Stock Option
      to
      be made in a manner compliant with the provisions of Section 409A of the
      Internal Revenue Code.

     

    3.5  Standard
      Company Benefits.
      During
      the Term, Executive
      shall be entitled to all rights and benefits under the terms and conditions
      of
      the standard Company benefits and compensation practices that may be in effect
      from time to time and are provided by the Company to similarly situated
      employees generally. Such benefits shall include, without limitation, (i) a
      car
      allowance of $750 per month or provision of a mutually-agreed vehicle, (ii)
      maintenance and upkeep (including repairs) on Executive’s vehicle (other than
      power train) and (iii) provision of or reimbursement for fuel used in
      Executive’s vehicle in connection with the Company’s business.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV

    TERMINATION

     

    4.1  Termination
      for Cause; Resignation.
      In the
      event that the Company terminates Executive’s employment for Cause or Executive
      resigns for any reason other than in an Involuntary Termination without Cause,
      the Company shall have no obligation to Executive except for payment of any
      Salary, vacation and expense reimbursement accrued and unpaid through the
      effective date of termination and except as otherwise required by law
      (collectively, the “Accrued Obligations”). Termination of Executive’s employment
      for Cause shall be communicated by delivery to Executive of a written notice
      from the Company stating that Executive’s employment will be terminated for
      Cause, specifying the particulars thereof and the effective date of such
      termination. The date of a resignation by Executive shall be the date specified
      in a written notice of resignation from Executive to the Company, provided
      that
      Executive shall provide at least sixty (60) days’ advance written notice of his
      resignation. In the event Executive resigns his employment pursuant to this
      Section 4.1, the Company may, at its sole discretion, relieve Executive of
      some
      or all of his duties prior to the effective date of the resignation. Company
      shall pay Executive the Accrued Obligations through the effective date of the
      resignation, but shall thereafter have no further obligation to
      Executive.

     

    4.2  Involuntary
      Termination Without Cause.
      In the
      event that, prior to the expiration of the Term, Executive’s employment
      terminates due to an Involuntary Termination Without Cause, (a) Executive shall
      receive payment of his Accrued Obligations, and (b) subject to Executive’s
      delivery and nonrevocation of an executed, effective general release of
      employment-related claims against the Company and the Affiliates of the Company,
      Executive shall be entitled to (i) severance consisting of a lump sum cash
      payment equal to six (6) months of Executive’s Salary and (ii) 100% of
      Executive’s outstanding options to purchase common stock of Allegro Biodiesel
      Corporation shall become vested and exercisable. Except as provided in this
      Section 4.2 or as otherwise required by applicable law, Executive shall have
      no
      right under this Agreement or otherwise to receive any other compensation or
      to
      participate in any other plan, program or arrangement, including, without
      limitation, any employee benefit plans, after an Involuntary Termination Without
      Cause with respect to the year of such termination and later years. The date
      of
      Executive’s Involuntary Termination Without Cause shall be the date specified in
      a written notice of termination to Executive.

     

    4.3  Termination
      Due to Disability.
      In the
      event of Executive’s Disability, the Company shall be entitled to terminate his
      employment upon written notice by the Company to Executive. In the case that
      the
      Company terminates Executive’s employment due to Disability, the Company shall
      have no further obligations to Executive, except for payment of the Accrued
      Obligations through the date of termination and the vesting of all Stock Options
      as described in Section 3.4 of this Agreement on a pro rata basis based on
      the
      length of employment at the time of termination of Executive’s employment due to
      Disability.

     

    4.4  Termination
      Upon Death.
      This
      Agreement shall immediately terminate without action or notice by either party
      upon the death of Executive and without further obligation by the Company,
      except for payment of the Accrued Obligations through the effective date of
      termination and the vesting of all Stock Options as described in Section 3.4
      of
      this Agreement on a pro rata basis based on the length of employment at the
      time
      of termination of Executive’s employment due to death.

     

    
      
        
        

      

      
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    ARTICLE
      V

    COVENANTS
      OF EXECUTIVE

     

    5.1  Confidentiality
      Agreement. Executive
      hereby acknowledges that he has executed and delivered to the Company,
      contemporaneously with the execution and delivery of this Agreement, the
      Confidentiality Agreement. Executive hereby acknowledges and understands that
      the provisions of the Confidentiality Agreement shall survive any termination
      of
      this Agreement or of Executive’s employment relationship with the Company as set
      forth in the Confidentiality Agreement.

     

    5.2  Non-Solicitation. During
      the Restricted Period, Executive shall not, either directly or indirectly,
      either on Executive’s own account or jointly with or as a manager, agent,
      officer, employee, consultant, independent contractor, partner, joint venturer,
      owner, financier, shareholder, or otherwise on behalf of any other person,
      firm,
      corporation or entity, offer employment to, solicit, or attempt to solicit
      away
      from the Company or any of its Affiliates any of their officers or employees
      or
      offer employment to any person who, during the six (6) months immediately
      preceding the date of such solicitation or offer, is or was an officer or
      employee of the Company or any of its Affiliates.

     

    5.3  Non-Competition.
      Executive agrees that at all times during the Restricted Period, Executive
      shall
      not, directly or indirectly, whether personally or through agents, associates,
      or co-workers, whether individually or in connection with any corporation,
      partnership, or other business entity, and whether as an employee, member,
      owner, partner, financier, joint venturer, shareholder, officer, manager, agent,
      independent contractor, consultant, or otherwise, establish, carry on, or engage
      in a Business similar to or the same as that of the Company or any of its
      Affiliates, in the Restricted Area. This prohibition includes, without
      limitation, that Executive will not perform the following in the Restricted
      Area:

     

    (a) Solicit
      or take any action intended to solicit, or provide, directly or indirectly,
      services similar to or the same as the Business, to any persons or entities
      who
      are or were customers of the Company or any of its Affiliates at any time prior
      to Executive’s separation from employment;

     

    (b) Establish,
      own, become employed with, consult on business matters with, or participate
      in
      any way in a business or enterprise providing services similar to or the same
      as
      the Business; and

     

    (c) Provide
      consulting services for, invest in, become employed by, or otherwise become
      associated from a business perspective with competitors of the Company or any
      of
      its Affiliates in the pursuit of work similar to or the same as the
      Business.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    This
      prohibition does not preclude Executive from engaging in a business or
      enterprise solely within an area or areas not contained in the Restricted Area,
      so long as that business or enterprise does not provide, in the Restricted
      Area,
      services similar to or the same as the Business. 

     

    5.4  Enforcement;
      Remedies.
      Executive hereby agrees and acknowledges that the Company has a valid and
      legitimate business interest in protecting the Business in the Restricted Area
      from any activity prohibited by Article V hereof. Executive acknowledges that
      Executive’s position and expertise in the Business is of a special and unique
      character which gives this expertise a particular value, and that a breach
      of
      the covenants in Article V hereof by Executive will cause serious and
      irreparable harm to the Company. Executive therefore acknowledges that a breach
      of any or all of the covenants in Article V hereof by Executive cannot be
      adequately compensated in an action for damages at law, and, in addition to
      any
      other legal remedy it may be entitled to, equitable relief would be necessary
      to
      protect the Company from a violation of this Agreement and from the harm which
      this Agreement is intended to prevent. By reason thereof, Executive acknowledges
      that the Company is entitled, in addition to any other legal remedies it may
      have under this Agreement or otherwise, to preliminary and permanent injunctive
      and other equitable relief to prevent or curtail any breach of this Agreement
      without any requirement to prove actual damages or post a bond and without
      the
      necessity of proving irreparable injury. Executive acknowledges that no
      specification in this Agreement of a particular legal or equitable remedy may
      be
      construed as a waiver of or prohibition against pursuing other legal or
      equitable remedies in the event of a breach of this Agreement by
      Executive.

     

    ARTICLE
      VI

    GENERAL
      PROVISIONS

     

    6.1  Notices. All
      notices and other communications under or in connection with this Agreement
      shall be in writing and shall be deemed given (i) if delivered personally,
      upon delivery, (ii) if delivered by registered or certified mail (return
      receipt requested), upon the earlier of actual delivery or
      three (3) business days after being mailed, (iii) if given by
      overnight courier with receipt acknowledgment requested, the next business
      day
      following the date sent, or (iv) if given by facsimile or telecopy, upon
      confirmation of transmission by facsimile or telecopy, in each case to the
      parties at the following addresses:

     

    
      
        	
              	To
                the Company:	
                Talen
                  Marine & Fuel, Inc. 
                  
                    225
                      Pleasant Street
Lake Arthur, LA 70549

                  Facsimile:
                    (337)774-3503

                  Attention:
                    Dale
                    Doucet

                

              

      

    

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    
      	
            	with
              a copy to:	
              Latham
                & Watkins LLP 
                140
                  Scott Drive

                Menlo
                  Park, California 94025

                Facsimile:
                  (650) 463-2600

                Attention:
                  Joseph M. Yaffe, Esq.

              

            

    

     

    
      	
            	To
              Executive:	
              Bryan
                Caillier 
                114
                  Thrasher Drive

                Lafayette,
                  LA 70506

              

            

    

    

    6.2  Severability.
      If a
      court of competent jurisdiction or arbitrator(s) finds any covenant or provision
      of the Agreement to be invalid or unenforceable as to any person, circumstance,
      scope or geographic area, such finding shall not render that covenant or
      provision invalid or unenforceable as to any other persons, circumstances,
      scope
      or geographic area. If feasible, any such offending covenant or provision shall
      be deemed to be modified to be within the limits of enforceability or validity;
      however, if the offending covenant or provision cannot be so modified, it shall
      be stricken and all other covenants and provisions of this Agreement in all
      other respects shall remain valid and enforceable. 

     

    6.3  Modifications;
      Waivers. Waivers
      or modifications of this Agreement, or of any covenant, provision, condition,
      or
      limitation contained herein, are valid only if in writing duly executed by
      the
      parties hereto. If
      either
      party should waive any breach of any provisions of this Agreement, they shall
      not thereby be deemed to have waived any preceding or succeeding breach of
      the
      same or any other provision of this Agreement.

     

    6.4  Entire
      Agreement.

     

    (a)  This
      Agreement (including any attachments and exhibits hereto) contains the parties’
sole and entire agreement regarding the subject matter hereof, and supersedes
      any and all other agreements, understandings, statements and representations
      of
      the parties, including, but not limited to, any employment agreement or other
      agreement regarding Executive’s compensation or terms of employment entered into
      prior to the Effective Date.

     

    (b)  The
      parties acknowledge and agree that, except for those representations
      specifically referenced herein, no party has made any representations (i)
      concerning the subject matter hereof or (ii) inducing the other party to execute
      and deliver this Agreement. The parties have relied on their own judgment in
      entering into this Agreement.

     

    6.5  Counterparts. This
      Agreement may be executed in one or more separate counterparts, including
      electronically transmitted counterparts, any one of which need not contain
      signatures of more than one party, but all of which shall be deemed an original
      and taken together will constitute one and the same Agreement.

     

    6.6  Headings. The
      headings of the sections hereof are inserted for convenience only and shall
      not
      be deemed to constitute a part hereof nor to affect the meaning
      thereof.

     

    
      
        
        

      

      
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    6.7  Successors
      and Assigns. This
      Agreement is intended to bind and inure to the benefit of and be enforceable
      by
      Executive and the Company, and their respective successors, assigns, heirs,
      executors and administrators, except that Executive may not assign any of
      Executive’s duties hereunder and Executive may not assign any of Executive’s
      rights or other interest herein (except in connection with any assignment of
      rights to receive consideration hereunder by or to Executive’s estate made upon
      the death of Executive) to any party without the prior written consent of the
      Company, and any such purported assignment shall be null and void.
      Notwithstanding the foregoing, the Company may, without obtaining the consent
      of
      Executive, assign any or all of its rights and obligations under this Agreement
      to any of its Affiliates; provided, however, that any such assignment shall
      not
      expand the obligations or restrictions of Executive. 

     

    6.8  Survival
      of Rights and Obligations.
      The
      rights and obligations of the parties as stated herein shall survive the
      termination of this Agreement. This specifically includes, but is not limited
      to, the covenants and provisions set forth in Article V of this Agreement
      regarding Confidentiality, Non-Competition, Non-Solicitation and all related
      provisions.

     

    6.9  Joint
      Preparation.
      All
      parties to this Agreement have negotiated it at length, and have had the
      opportunity to consult with and be represented by their own competent counsel.
      This Agreement is therefore deemed to have been jointly prepared by the parties,
      and any uncertainty or ambiguity existing in it shall not be interpreted against
      any party, but rather shall be interpreted according to the rules generally
      governing the interpretation of contracts.

     

    6.10  Third-Party
      Beneficiaries.
      No term
      or provision of this Agreement is intended to be, or shall be, for the benefit
      of any person, firm, organization, corporation or entity not a party hereto,
      and
      no such other person, firm, organization, corporation or entity shall have
      any
      right or cause of action hereunder.

     

    6.11  Withholding.
      The
      Company shall be entitled to withhold from any amounts payable under this
      Agreement any federal, state, local or foreign withholding or other taxes or
      charges which the Company is required to withhold. The Company shall be entitled
      to rely on an opinion of counsel if any questions as to the amount or
      requirement of withholding shall arise. 

     

    6.12  Attorneys’
      Fees.
      If
      either
      party hereto brings any action to enforce rights hereunder, fees shall be
      recoverable by the prevailing party.

     

    6.13  Choice
      of Law. All
      questions concerning the construction, validity and interpretation of this
      Agreement will be governed by the laws of the State of Louisiana without regard
      to the conflicts of law provisions thereof. 

     

    6.14  Internal
      Revenue Code Section 409A. 

     

    (a)  Notwithstanding
      any provision to the contrary in the Agreement, if the Executive is deemed
      at
      the time of his separation from service to be a “specified employee” for
      purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed
      commencement of any portion of the benefits to which Executive is entitled
      under
      this Agreement is required in order to avoid a prohibited distribution under
      Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall
      not be provided to Executive prior to the earlier of (a) the expiration of
      the
      six-month period measured from the date of the Executive’s “separation from
      service” with the Company (as such term is defined in the Treasury Regulations
      issued under Section 409A of the Code) or (b) the date of Executive’s death.
      Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) period,
      all
      payments deferred pursuant to this Section 6.14 shall be paid in a lump sum
      to
      the Executive, and any remaining payments due under the Agreement shall be
      paid
      as otherwise provided herein.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (b)  The
      parties acknowledge and agree that, to the extent applicable, this Agreement
      shall be interpreted in accordance with, and the parties agree to use their
      best
      efforts to achieve timely compliance with Section 409A, including, without
      limitation, any such regulations or other guidance that may be issued after
      the
      Effective Date. Notwithstanding any provision of this Agreement to the contrary,
      in the event that the Company determines that any amounts payable hereunder
      would otherwise be taxable to Executive under Section 409A, the Company may
      adopt such amendments to this Agreement and appropriate policies and procedures,
      including amendments and policies with retroactive effect, that the Company
      determines in its sole discretion are necessary or appropriate to comply with
      the requirements of Section 409A and thereby avoid the application of penalty
      taxes under such Section.

     

    (Signature
      page follows)

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    

      IN
        WITNESS WHEREOF,
        the
        parties have executed this Employment Agreement on the day and year first
        above
        written.

    

     

    
      	 	 	 
	 	
              TALEN
                MARINE AND FUEL, INC.

            
	 
 	 
 	 
 
	
            	By: 
/s/
              C.R.
              Talen
	 	
              
                

              

              
                Name:
                  C.R. Talen

              

            
	 	
              
                

              

              Title:  
                President

            
	 	
              
                

              

            

    

     

    
      	 	 	 
	 	
              
                EXECUTIVE

              

            
	 
 	 
 	
               

              /s/
                J.
                Bryan Caillier

            
	 	
              
                

              

              J.
                Bryan Caillier

            

    

     

    
       

      SIGNATURE
        PAGE TO EMPLOYMENT AGREEMENT

       

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      ANNEX
        A

       

    

    [PROPRIETARY
      INFORMATION AND INVENTIONS ASSIGNMENT AGREEMENT]

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      ANNEX
        B

       

    

    Performance
      Criteria

    

    For
      the
      each vesting date, the performance criteria shall be considered satisfied upon
      the attainment by the Company of financial performance metrics as of the fiscal
      year end immediately preceding such vesting date which are no less favorable
      than the financial performance metrics for the Company for fiscal year 2006,
      as
      determined by the Board of Directors, in its sole discretion.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      C

    

    The
      Restricted Area includes the following geographical territory:

     

    Louisiana

     

    The
      following counties and parishes within Louisiana:

    

    Jefferson
      Davis 

    Cameron
      

    Vermilion
      

    Calcasieu
      

    Terrebonne
      

    Lafourche
      Parish

    Iberville
      Parish

    Plaquemine
      Parish

    West
      Baton Rouge Parish

    

     

    Texas

     

    The
      following counties within Texas:

     

    Jefferson
      County

    Galveston
      CountyUnassociated Document

    EMPLOYMENT
      AGREEMENT

     

    This
      Employment Agreement (“Agreement”) is entered into as of June 22, 2007 by and
      between Dale Doucet (“Executive”) and Talen Marine and Fuel, Inc., a Louisiana
      corporation (the “Company”). This Agreement shall become effective as a valid
      and binding contract as of the date first above written, provided that the
      operative provisions hereof shall not become effective until the Closing (as
      defined in that certain Stock Purchase and Sale Agreement dated as of June
      22,
      2007, by and among the Company, Allegro Biodiesel Corporation (“Parent”) and
      certain other parties (the “Stock Purchase Agreement,” and such Closing being
      hereinafter referred to as the “Effective Date”)). In the event that the Stock
      Purchase Agreement is terminated or the transactions contemplated by the Stock
      Purchase Agreement are abandoned, this Agreement shall be null and void
ab
      initio
      and
      shall have no force and effect. 

     

    Whereas,
      in
      connection with the transactions contemplated by the Stock Purchase Agreement,
      the Company desires to employ Executive to provide personal services to the
      Company, and wishes to provide Executive with certain compensation and benefits
      in return for Executive’s services; and

     

    Whereas,
      Executive wishes to be employed by the Company and provide personal services
      to
      the Company in return for certain compensation and benefits.

     

    Now,
      Therefore,
      in
      consideration of the mutual promises and covenants contained herein, it is
      hereby agreed by and between the parties hereto as follows:

     

    ARTICLE
      I

    
      DEFINITIONS

    

     

    For
      purposes of the Agreement, the following terms are defined as
      follows:

     

    1.1 “Affiliate”
means,
      with respect to any party, any corporation, limited liability company,
      partnership, joint venture, firm and/or other entity which Controls, is
      Controlled by or is under common Control with such party.

     

    1.2 “Board”
means
      the Board of Directors of the Company.

     

    1.3 “Business”
means
      the business of the Company, which is engaged in the distribution of fuel ,
      lubricant and related materials, including but not limited to, storage and
      transportation, and wholesale and retail distribution of diesel, bio-diesel
      and
      bio-diesel blends, and any other business activity or service in which the
      Company or any Affiliate of the Company is engaged or making an active effort
      to
      develop business at the time of termination of Executive’s employment with the
      Company or any Affiliate of the Company. Executive agrees that the Company
      may
      periodically revise the description of the Business of the Company to reflect
      changes in the Company’s business. Executive acknowledges and agrees that as
      consideration for executing this Agreement, Executive agrees to sign addenda
      to
      this Agreement which update the description of the Business of the Company
      as
      revised by the Company.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.4 “Cause”
means:
      

     

    (a) Executive’s
      willful failure to substantially perform the duties assigned to Executive in
      accordance with the Agreement or Executive’s breaching in any material respect
      any provisions of this Agreement or the employee policies and procedures of
      the
      Company;

     

    (b) Executive’s
      failure to carry out, or comply with, in any material respect any lawful
      directive of the Board or the appropriate individual to whom Executive
      reports; 

     

    (c) Executive’s
      commission at any time of any act or omission that results in, or that may
      reasonably be expected to result in, a conviction, plea of no contest or
      imposition of unadjudicated probation for any felony or crime involving moral
      turpitude; 

     

    (d) Executive’s
      unlawful use (including being under the influence) or possession of illegal
      drugs on the Company’s premises or while performing Executive’s duties and
      responsibilities under this Agreement;

     

    (e) Executive’s
      violation of the Company’s drug and alcohol free workplace policy;
 

     

    (f) Executive’s
      commission at any time of any act of fraud, embezzlement, material
      misappropriation, material misconduct, or breach of fiduciary duty against
      the
      Company; or

     

    (g) Executive’s
      violation in any material respect of any federal, state or local law applicable
      to the Company or any Affiliate of the Company.

     

    1.5 “Confidentiality
      Agreement”
means
      the Company’s form of Proprietary Information and Invention Assignment Agreement
      to be executed by Executive contemporaneously with the execution of this
      Agreement and that is attached hereto as Annex A.

     

    1.6 “Control”
means
      (i) in the case of corporate entities, direct or indirect ownership of at least
      fifty percent (50%) of the stock or participating assets entitled to vote for
      the election of directors; and (ii) in the case of non-corporate entities (such
      as individuals, limited liability companies, partnerships or limited
      partnerships), either (A) direct or indirect ownership of at least fifty percent
      (50%) of the equity interest, or (B) the power to direct the management and
      policies of the non-corporate entity.

     

    1.7 “Covered
      Entity”
means
      every Affiliate of Executive, and every business, association, trust,
      corporation, partnership, limited liability company, proprietorship or other
      entity in which Executive has invested (whether through debt or equity
      securities), or has contributed any capital or made any advances to, or in
      which
      any Affiliate of Executive has an ownership interest or profit sharing
      percentage, or a firm from which Executive or any Affiliate of Executive
      receives or is entitled to receive income, compensation or consulting fees
      in
      which Executive or any Affiliate of Executive has an interest as a lender (other
      than solely as a trade creditor for the sale of goods or provision of services
      that do not otherwise violate the provisions of this Agreement); provided,
      however, that only entities whose management decisions are influenced by
      Executive shall be considered Covered Entities for purposes of this Agreement.
      The agreements of Executive contained herein specifically apply to each entity
      which is presently a Covered Entity or which becomes a Covered Entity subsequent
      to the date of this Agreement, and in both cases is a Covered Entity at the
      time
      of a violation of Article V of this Agreement. Notwithstanding anything
      contained in the foregoing provisions to the contrary, the term “Covered Entity”
shall not include the Company or any Affiliate of the Company. 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    1.8 “Disability”
means
      a
      determination that Executive is unable or unwilling to substantially perform
      the
      material duties and responsibilities contemplated by this Agreement as a result
      of a disability within the meaning of the Company’s disability insurance plan,
      which inability continues for a period exceeding ninety (90) consecutive days
      or
      shorter periods exceeding ninety (90) days in the aggregate during any twelve
      (12) month period.

     

    1.9 “Involuntary
      Termination Without Cause”
means
      either Executive’s dismissal or discharge by the Company for any reason other
      than for Cause or
      Executive’s resignation within 12 months after a Sale of the Company as a result
      of a material diminution in Executive’s duties or responsibilities. The
      termination of Executive’s employment as a result of Executive’s death or
      Disability shall not be deemed to be an Involuntary Termination Without
      Cause.

     

    1.10 “Restricted
      Area”
means
      each and every state, county, parish, city or other political subdivision or
      geographic location in the United States or in any other territory or
      jurisdiction outside the United States, in which the Company or any Affiliate
      of
      the Company is engaged in or conducts the Business. The Restricted Area includes
      the geographic territory specifically set forth in Annex
      C
      of this
      Agreement. Executive agrees that the Company may periodically revise the
      Restricted Area to reflect any changes in the geographic territory in which
      the
      Company is conducting Business. Executive acknowledges and agrees that as
      consideration for this Agreement, Executive agrees to sign addenda to this
      Agreement which update the Restricted Area to reflect the geographic territory
      in which the Company conducts its Business as revised by the Company.

     

    1.11 “Restricted
      Period”
means
      the period commencing on the Effective Date and continuing until the second
      anniversary of Executive’s termination (whether voluntary or not) of employment
      with the Company and all Affiliates of the Company.

     

    1.12 “Sale
      of the Company”
means
      the consummation of any of the following: (i) the closing of a business
      combination (e.g., merger) of the Company with any other corporation or other
      type of business entity, which results in the voting securities of the Company
      outstanding immediately prior thereto not continuing to represent at least
      fifty
      percent (50%) of the total voting power represented by the voting securities
      of
      the Company or such controlling surviving entity outstanding immediately after
      such business combination; or (ii) the sale or other transfer or disposition
      by
      the Company of all or substantially all of the Company’s assets by value; or
      (iii) an acquisition of any voting securities of the Company by any “person” (as
      the term “person” is used for purposes of Section 13(d) or Section 14(d) of the
      Securities Exchange Act of 1934, as amended (the “1934 Act”)) immediately after
      which such person has “beneficial ownership” (within the meaning of Rule 13d-3
      promulgated under the 1934 Act) of fifty percent (50%) or more of the combined
      voting power of the Company’s then outstanding voting securities.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    1.13 “Section
      409A”
means
      Section 409A of the Internal Revenue Code of 1986, as amended and the Department
      of Treasury Regulations and other interpretive guidance issued thereunder.
      

     

    1.14 “Stock
      Plan”
means
      Parent’s 2006 Incentive Compensation Plan, as may be amended from time to
      time.

     

    1.15 “Term”
means
      the period commencing on the Effective Date and terminating on the second
      (2nd)
      anniversary thereof, subject to earlier termination pursuant to the provisions
      of Article IV hereof. 

     

    ARTICLE
      II

    
      EMPLOYMENT
        BY THE COMPANY

       

    

    2.1 Position
      and Duties. During
      the Term, the Company hereby agrees initially to employ Executive in the
      position of Senior Vice President, Marketing and Supply and Executive hereby
      agrees to provide services for the Company, on such terms and conditions as
      provided in this Agreement. Executive shall perform such duties as are
      customarily associated with the position of Sales and Marketing Director and
      such other duties as are commensurate with Executive’s position and are assigned
      to Executive by the Company. Executive understands and agrees that the Company
      may change Executive’s position and/or duties from time to time in its sole
      discretion (provided, however, that any change in Executive’s position or duties
      that requires the Executive to relocate to any location that represents a
      material change in the geographical location where Executive must perform
      services (within the meaning of Section 409A) and is more than 30 miles from
      each of Lafayette LA, Baton Rouge LA and New Orleans LA to which the Executive
      does not consent shall constitute an Involuntary Termination Without Cause).
      While Executive is employed by the Company during the Term, Executive shall
      devote Executive’s efforts and substantially all of Executive’s business time
      and attention (except for vacation periods and reasonable periods of illness
      or
      other incapacities permitted by the Company’s general employment policies or as
      otherwise set forth in this Agreement) to the business of the Company. Except
      with the prior written consent of the Company, Executive shall not during the
      Term undertake or engage in any other employment, occupation or business
      enterprise, other than ones which do not detract from Executive’s business time
      and attention devoted to the Company (if Executive is employed by the Company
      at
      such time) or in which Executive is a passive investor and are not in violation
      of the provisions in Article V. Executive may engage in civic and not-for-profit
      activities so long as such activities do not materially interfere with the
      performance of Executive’s duties hereunder.

     

    2.2 Employment
      Policies. The
      employment relationship between the parties shall also be governed by the
      employment policies of the Company, including but not limited to, those relating
      to protection of confidential information and assignment of inventions, except
      that when the terms of this Agreement differ from or are in conflict with the
      Company’s employment policies, this Agreement shall control.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      III

    
      COMPENSATION

    

     

    3.1 Base
      Salary.
      During
      the Term, Executive shall receive for services to be rendered hereunder an
      annual base salary of $125,000 (as may be increased from time to time, the
      “Salary”), payable on the regular payroll dates of the Company as may be in
      effect from time to time. Subject to Executive’s continued employment hereunder,
      Salary shall be increased to $135,000 on the first anniversary of the Effective
      Date. Thereafter, Salary shall be adjusted from time to time as determined
      by,
      and in the sole discretion of, the person to whom Executive then reports or
      the
      Board of Directors.

     

    3.2 Signing
      Bonus.
      As soon
      as administratively practicable following the Effective Date, the Company shall
      pay $15,000 to Executive in a cash lump sum, subject to applicable tax and
      other
      withholdings.

     

    3.3 Target
      Bonus.
      During
      the Term, Executive shall be eligible for a target bonus of fifty percent (50%)
      of Executive’s Salary (the “Target Bonus”) and a stretch bonus of up to an
      additional fifty percent (50%) of Executive’s Salary (the “Stretch Bonus”) based
      on the Company’s financial performance as determined by the Board of Directors,
      in its sole discretion, pro-rated for a partial year and/or less-than-full-time
      employment and subject to Executive’s continued employment with the Company or
      an Affiliate of the Company through the applicable payment date; provided,
      that
      the minimum Target Bonus payable to Executive for fiscal year 2007 shall be
      $25,000.

     

    3.4 Stock
      Option.
      The
      Company shall grant to Executive under the Stock Plan an option to purchase
      250,000 shares of common stock of Allegro Biodiesel Corporation (the “Stock
      Option”). The Stock Option shall have an exercise price equal to the per share
      price at which Allegro Biodiesel Corporation raises equity financing in
      connection with its acquisition of the Company. The Stock Option shall vest
      as
      to one-sixth (1/6th)
      of the
      shares subject thereto on each of January 1, 2008 and January 1, 2009, subject
      to Executives continued employment with the Company or an Affiliate of the
      Company hereunder. The Stock Option shall further vest as to one-third
      (1/3rd)
      of the
      shares subject thereto on each of January 1, 2008 and January 1, 2009, subject
      to Executive’s continued employment with the Company or an Affiliate of the
      Company hereunder and the Company’s achievement of the performance criteria set
      forth in Annex B. The Stock Option shall become exercisable as it vests and
      remain exercisable until the date that is two and one-half months after the
      last
      day of the calendar year in which the relevant Stock Option vests (that is,
      March 15, 2009 and March 15, 2010, respectively, in the case vesting were to
      occur on January 1, 2008 and January 1, 2009). The parties acknowledge and
      agree
      that they each intend the vesting and exercise provisions of the Stock Option
      to
      be made in a manner compliant with the provisions of Section 409A of the
      Internal Revenue Code.

     

    3.5 Standard
      Company Benefits.
      During
      the Term, Executive shall be entitled to all rights and benefits under the
      terms
      and conditions of the standard Company benefits and compensation practices
      that
      may be in effect from time to time and are provided by the Company to similarly
      situated employees generally. Such benefits shall include, without limitation,
      (i) a car allowance of $750 per month or provision of a mutually-agreed vehicle,
      (ii) maintenance and upkeep (including repairs) on Executive’s vehicle (other
      than power train) and (iii) provision of or reimbursement for fuel used in
      Executive’s vehicle in connection with the Company’s business.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      IV

    
      TERMINATION

    

     

    4.1 Termination
      for Cause; Resignation.
      In the
      event that the Company terminates Executive’s employment for Cause or Executive
      resigns for any reason other than in an Involuntary Termination without Cause,
      the Company shall have no obligation to Executive except for payment of any
      Salary, vacation and expense reimbursement accrued and unpaid through the
      effective date of termination and except as otherwise required by law
      (collectively, the “Accrued Obligations”). Termination of Executive’s employment
      for Cause shall be communicated by delivery to Executive of a written notice
      from the Company stating that Executive’s employment will be terminated for
      Cause, specifying the particulars thereof and the effective date of such
      termination. The date of a resignation by Executive shall be the date specified
      in a written notice of resignation from Executive to the Company, provided
      that
      Executive shall provide at least sixty (60) days’ advance written notice of his
      resignation. In the event Executive resigns his employment pursuant to this
      Section 4.1, the Company may, at its sole discretion, relieve Executive of
      some
      or all of his duties prior to the effective date of the resignation. Company
      shall pay Executive the Accrued Obligations through the effective date of the
      resignation, but shall thereafter have no further obligation to
      Executive.

     

    4.2 Involuntary
      Termination Without Cause.
      In the
      event that, prior to the expiration of the Term, Executive’s employment
      terminates due to an Involuntary Termination Without Cause, (a) Executive shall
      receive payment of his Accrued Obligations, and (b) subject to Executive’s
      delivery and nonrevocation of an executed, effective general release of
      employment-related claims against the Company and the Affiliates of the Company,
      Executive shall be entitled to (i) severance consisting of a lump sum cash
      payment equal to six (6) months of Executive’s Salary and (ii) 100% of
      Executive’s outstanding options to purchase common stock of Allegro Biodiesel
      Corporation shall become vested and exercisable. Except as provided in this
      Section 4.2 or as otherwise required by applicable law, Executive shall have
      no
      right under this Agreement or otherwise to receive any other compensation or
      to
      participate in any other plan, program or arrangement, including, without
      limitation, any employee benefit plans, after an Involuntary Termination Without
      Cause with respect to the year of such termination and later years. The date
      of
      Executive’s Involuntary Termination Without Cause shall be the date specified in
      a written notice of termination to Executive.

     

    4.3 Termination
      Due to Disability.
      In the
      event of Executive’s Disability, the Company shall be entitled to terminate his
      employment upon written notice by the Company to Executive. In the case that
      the
      Company terminates Executive’s employment due to Disability, the Company shall
      have no further obligations to Executive, except for payment of the Accrued
      Obligations through the date of termination and the vesting of all Stock Options
      as described in Section 3.4 of this Agreement on a pro rata basis based on
      the
      length of employment at the time of termination of Executive’s employment due to
      Disability.

     

    4.4 Termination
      Upon Death.
      This
      Agreement shall immediately terminate without action or notice by either party
      upon the death of Executive and without further obligation by the Company,
      except for payment of the Accrued Obligations through the effective date of
      termination and the vesting of all Stock Options as described in Section 3.4
      of
      this Agreement on a pro rata basis based on the length of employment at the
      time
      of termination of Executive’s employment due to death.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    ARTICLE
      V

    
      COVENANTS
        OF EXECUTIVE

    

     

    5.1 Confidentiality
      Agreement.
      Executive hereby acknowledges that he has executed and delivered to the Company,
      contemporaneously with the execution and delivery of this Agreement, the
      Confidentiality Agreement. Executive hereby acknowledges and understands that
      the provisions of the Confidentiality Agreement shall survive any termination
      of
      this Agreement or of Executive’s employment relationship with the Company as set
      forth in the Confidentiality Agreement.

     

    5.2 Non-Solicitation.
      During
      the Restricted Period, Executive shall not, either directly or indirectly,
      either on Executive’s own account or jointly with or as a manager, agent,
      officer, employee, consultant, independent contractor, partner, joint venturer,
      owner, financier, shareholder, or otherwise on behalf of any other person,
      firm,
      corporation or entity, offer employment to, solicit, or attempt to solicit
      away
      from the Company or any of its Affiliates any of their officers or employees
      or
      offer employment to any person who, during the six (6) months immediately
      preceding the date of such solicitation or offer, is or was an officer or
      employee of the Company or any of its Affiliates.

     

    5.3 Non-Competition.
      Executive agrees that at all times during the Restricted Period, Executive
      shall
      not, directly or indirectly, whether personally or through agents, associates,
      or co-workers, whether individually or in connection with any corporation,
      partnership, or other business entity, and whether as an employee, member,
      owner, partner, financier, joint venturer, shareholder, officer, manager, agent,
      independent contractor, consultant, or otherwise, establish, carry on, or engage
      in a Business similar to or the same as that of the Company or any of its
      Affiliates, in the Restricted Area. This prohibition includes, without
      limitation, that Executive will not perform the following in the Restricted
      Area:

     

    (a) Solicit
      or take any action intended to solicit, or provide, directly or indirectly,
      services similar to or the same as the Business, to any persons or entities
      who
      are or were customers of the Company or any of its Affiliates at any time prior
      to Executive’s separation from employment;

     

    (b) Establish,
      own, become employed with, consult on business matters with, or participate
      in
      any way in a business or enterprise providing services similar to or the same
      as
      the Business; and

     

    (c) Provide
      consulting services for, invest in, become employed by, or otherwise become
      associated from a business perspective with competitors of the Company or any
      of
      its Affiliates in the pursuit of work similar to or the same as the
      Business.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    This
      prohibition does not preclude Executive from engaging in a business or
      enterprise solely within an area or areas not contained in the Restricted Area,
      so long as that business or enterprise does not provide, in the Restricted
      Area,
      services similar to or the same as the Business. 

     

    5.4 Enforcement;
      Remedies.
      Executive hereby agrees and acknowledges that the Company has a valid and
      legitimate business interest in protecting the Business in the Restricted Area
      from any activity prohibited by Article V hereof. Executive acknowledges that
      Executive’s position and expertise in the Business is of a special and unique
      character which gives this expertise a particular value, and that a breach
      of
      the covenants in Article V hereof by Executive will cause serious and
      irreparable harm to the Company. Executive therefore acknowledges that a breach
      of any or all of the covenants in Article V hereof by Executive cannot be
      adequately compensated in an action for damages at law, and, in addition to
      any
      other legal remedy it may be entitled to, equitable relief would be necessary
      to
      protect the Company from a violation of this Agreement and from the harm which
      this Agreement is intended to prevent. By reason thereof, Executive acknowledges
      that the Company is entitled, in addition to any other legal remedies it may
      have under this Agreement or otherwise, to preliminary and permanent injunctive
      and other equitable relief to prevent or curtail any breach of this Agreement
      without any requirement to prove actual damages or post a bond and without
      the
      necessity of proving irreparable injury. Executive acknowledges that no
      specification in this Agreement of a particular legal or equitable remedy may
      be
      construed as a waiver of or prohibition against pursuing other legal or
      equitable remedies in the event of a breach of this Agreement by
      Executive.

     

    ARTICLE
      VI

    
      GENERAL
        PROVISIONS

       

    

    6.1 Notices. All
      notices and other communications under or in connection with this Agreement
      shall be in writing and shall be deemed given (i) if delivered personally,
      upon delivery, (ii) if delivered by registered or certified mail (return
      receipt requested), upon the earlier of actual delivery or
      three (3) business days after being mailed, (iii) if given by
      overnight courier with receipt acknowledgment requested, the next business
      day
      following the date sent, or (iv) if given by facsimile or telecopy, upon
      confirmation of transmission by facsimile or telecopy, in each case to the
      parties at the following addresses:

     

    
      	 	
              To
                the Company:

            	 	 	
              Talen
                Marine & Fuel, Inc.

              
                225
                  Pleasant Street

                Lake
                  Arthur, LA 70549

                Facsimile:
                  (337)
                  774-3503

                Attention:
                  Bryan
                  Caillier

              

            

    

    
       

      
        
          
          

        

        
          8

          
            

          

        

        
          
          

        

         

      

      
        	 	with a copy to:	 	 	
                Latham
                  & Watkins LLP

                140
                  Scott Drive

                Menlo
                  Park, California 94025

                Facsimile:
                  (650) 463-2600

                Attention:
                  Joseph M. Yaffe,
                  Esq.

              

      

       

      
        
           

          
            	 	To Executive:	 	 	
                    Dale Doucet

                    311 Lepinay Street

                    Lafayette, LA
                      70508

                  

          

           

        

      

    

    6.2 Severability.
      If a
      court of competent jurisdiction or arbitrator(s) finds any covenant or provision
      of the Agreement to be invalid or unenforceable as to any person, circumstance,
      scope or geographic area, such finding shall not render that covenant or
      provision invalid or unenforceable as to any other persons, circumstances,
      scope
      or geographic area. If feasible, any such offending covenant or provision shall
      be deemed to be modified to be within the limits of enforceability or validity;
      however, if the offending covenant or provision cannot be so modified, it shall
      be stricken and all other covenants and provisions of this Agreement in all
      other respects shall remain valid and enforceable. 

     

    6.3 Modifications;
      Waivers. Waivers
      or modifications of this Agreement, or of any covenant, provision, condition,
      or
      limitation contained herein, are valid only if in writing duly executed by
      the
      parties hereto. If
      either
      party should waive any breach of any provisions of this Agreement, they shall
      not thereby be deemed to have waived any preceding or succeeding breach of
      the
      same or any other provision of this Agreement.

     

    6.4 Entire
      Agreement.

     

    (a) This
      Agreement (including any attachments and exhibits hereto) contains the parties’
sole and entire agreement regarding the subject matter hereof, and supersedes
      any and all other agreements, understandings, statements and representations
      of
      the parties, including, but not limited to, any employment agreement or other
      agreement regarding Executive’s compensation or terms of employment entered into
      prior to the Effective Date.

     

    (b) The
      parties acknowledge and agree that, except for those representations
      specifically referenced herein, no party has made any representations (i)
      concerning the subject matter hereof or (ii) inducing the other party to execute
      and deliver this Agreement. The parties have relied on their own judgment in
      entering into this Agreement.

     

    6.5 Counterparts.
      This
      Agreement may be executed in one or more separate counterparts, including
      electronically transmitted counterparts, any one of which need not contain
      signatures of more than one party, but all of which shall be deemed an original
      and taken together will constitute one and the same Agreement.

     

    6.6 Headings.
      The
      headings of the sections hereof are inserted for convenience only and shall
      not
      be deemed to constitute a part hereof nor to affect the meaning
      thereof.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

       

    

    6.7 Successors
      and Assigns.
      This
      Agreement is intended to bind and inure to the benefit of and be enforceable
      by
      Executive and the Company, and their respective successors, assigns, heirs,
      executors and administrators, except that Executive may not assign any of
      Executive’s duties hereunder and Executive may not assign any of Executive’s
      rights or other interest herein (except in connection with any assignment of
      rights to receive consideration hereunder by or to Executive’s estate made upon
      the death of Executive) to any party without the prior written consent of the
      Company, and any such purported assignment shall be null and void.
      Notwithstanding the foregoing, the Company may, without obtaining the consent
      of
      Executive, assign any or all of its rights and obligations under this Agreement
      to any of its Affiliates; provided, however, that any such assignment shall
      not
      expand the obligations or restrictions of Executive. 

     

    6.8 Survival
      of Rights and Obligations.
      The
      rights and obligations of the parties as stated herein shall survive the
      termination of this Agreement. This specifically includes, but is not limited
      to, the covenants and provisions set forth in Article V of this Agreement
      regarding Confidentiality, Non-Competition, Non-Solicitation and all related
      provisions.

     

    6.9 Joint
      Preparation.
      All
      parties to this Agreement have negotiated it at length, and have had the
      opportunity to consult with and be represented by their own competent counsel.
      This Agreement is therefore deemed to have been jointly prepared by the parties,
      and any uncertainty or ambiguity existing in it shall not be interpreted against
      any party, but rather shall be interpreted according to the rules generally
      governing the interpretation of contracts.

     

    6.10 Third-Party
      Beneficiaries.
      No term
      or provision of this Agreement is intended to be, or shall be, for the benefit
      of any person, firm, organization, corporation or entity not a party hereto,
      and
      no such other person, firm, organization, corporation or entity shall have
      any
      right or cause of action hereunder.

     

    6.11 Withholding.
      The
      Company shall be entitled to withhold from any amounts payable under this
      Agreement any federal, state, local or foreign withholding or other taxes or
      charges which the Company is required to withhold. The Company shall be entitled
      to rely on an opinion of counsel if any questions as to the amount or
      requirement of withholding shall arise. 

     

    6.12 Attorneys’
      Fees.
      If
      either party hereto brings any action to enforce rights hereunder, fees shall
      be
      recoverable by the prevailing party.

     

    6.13 Choice
      of Law.
      All
      questions concerning the construction, validity and interpretation of this
      Agreement will be governed by the laws of the State of Louisiana without regard
      to the conflicts of law provisions thereof. 

     

    6.14 Internal
      Revenue Code Section 409A. 

     

    (a) Notwithstanding
      any provision to the contrary in the Agreement, if the Executive is deemed
      at
      the time of his separation from service to be a “specified employee” for
      purposes of Section 409A(a)(2)(B)(i) of the Code, to the extent delayed
      commencement of any portion of the benefits to which Executive is entitled
      under
      this Agreement is required in order to avoid a prohibited distribution under
      Section 409A(a)(2)(B)(i) of the Code, such portion of Executive’s benefits shall
      not be provided to Executive prior to the earlier of (a) the expiration of
      the
      six-month period measured from the date of the Executive’s “separation from
      service” with the Company (as such term is defined in the Treasury Regulations
      issued under Section 409A of the Code) or (b) the date of Executive’s death.
      Upon the expiration of the applicable Code Section 409A(a)(2)(B)(i) period,
      all
      payments deferred pursuant to this Section 6.14 shall be paid in a lump sum
      to
      the Executive, and any remaining payments due under the Agreement shall be
      paid
      as otherwise provided herein.

     

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

     

    (b) The
      parties acknowledge and agree that, to the extent applicable, this Agreement
      shall be interpreted in accordance with, and the parties agree to use their
      best
      efforts to achieve timely compliance with Section 409A, including, without
      limitation, any such regulations or other guidance that may be issued after
      the
      Effective Date. Notwithstanding any provision of this Agreement to the contrary,
      in the event that the Company determines that any amounts payable hereunder
      would otherwise be taxable to Executive under Section 409A, the Company may
      adopt such amendments to this Agreement and appropriate policies and procedures,
      including amendments and policies with retroactive effect, that the Company
      determines in its sole discretion are necessary or appropriate to comply with
      the requirements of Section 409A and thereby avoid the application of penalty
      taxes under such Section.

     

    (Signature
      page follows)

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

    In
      Witness Whereof,
      the
      parties have executed this Employment Agreement on the day and year first above
      written.

     

    
      
        	 	 	 
	 	
                TALEN
                  MARINE AND FUEL, INC.

              
	 
 	 
 	 
 
	
              	By:  	/s/ J. Bryan Caillier
	 	 	
                
 
	 	Name: 	J. Bryan Caillier
	 	 	
                
 
	 	Title:	Chief Financial Officer
	 	
                

              

      

       

    

    
      	 	 	 
	
            	 	
              EXECUTIVE
                
                 

                 
                  /s/ Dale Doucet

              

            
	
            	 	
              

              Dale
                Doucet

            

    

     

    SIGNATURE
      PAGE TO EMPLOYMENT
      AGREEMENT

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    ANNEX
      A

     

    [PROPRIETARY
      INFORMATION AND INVENTIONS ASSIGNMENT AGREEMENT]

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      ANNEX
        B

       

      Performance
        Criteria

    

    

    For
      the
      each vesting date, the performance criteria shall be considered satisfied upon
      the attainment by the Company of financial performance metrics as of the fiscal
      year end immediately preceding such vesting date which are no less favorable
      than the financial performance metrics for the Company for fiscal year 2006,
      as
      determined by the Board of Directors, in its sole discretion.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    ANNEX
      C

    

    The
      Restricted Area includes the following geographical territory:

     

    Louisiana

     

    The
      following counties and parishes within Louisiana:

    

    Jefferson
      Davis 

    Cameron
      

    Vermilion
      

    Calcasieu
      

    Terrebonne
      

    Lafourche
      Parish

    Iberville
      Parish

    Plaquemine
      Parish

    West
      Baton Rouge Parish

     

    Texas

     

    The
      following counties within Texas:

     

    Jefferson
      County

    Galveston
      County

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