Document:

EMPLOYMENT
AGREEMENT

 

AGREEMENT dated as
of the 1st day of April 2005 by and between KAY O’NEILL (USA) LLC, an Illinois
limited liability company with its principal office at 200 Howard Avenue, Suite
232, Des Plaines, Illinois 60018 (the “Company”), and
STEWART BROWN, with an address at 360 W. Illinois Avenue, Chicago, Illinois
60610 (the “Employee”).

 

W
I T N E S S E T H :

 

WHEREAS, WAKO
Logistics Group, Inc. (The “Parent
Company”)
desires to purchase all of the issued and outstanding limited liability company
membership interests of the Company, pursuant to the terms and conditions of a
Membership Interest Purchase Agreement dated as of March 22, 2005 (the
“Acquisition
Agreement”), and
to continue the business of the Company after such acquisition (the
“Acquisition”);
and

 

WHEREAS,
the
Employee, prior to the Acquisition, was employed as the Executive Vice President
of the Company; and

 

WHEREAS, the
Acquisition Agreement provides for the Company’s continued employment of the
Employee, and the entering into of this Employment Agreement by the Company and
the Employee, as one of the conditions for the consummation of the Acquisition;
and

 

WHEREAS, the
Company desires to employ the services of the Employee and the Employee desires
to provide his services to the Company and to accept employment by the Company
on the terms and conditions hereinafter set forth;

 

NOW,
THEREFORE, in
consideration of the mutual promises set forth in this Agreement, the parties
agree as follows:

 

1.  Employment
and Duties.

 

(a)  Employment;
Duties. Subject
to the terms and conditions hereinafter set forth, the Company hereby employs
the Employee as the Company’s Chief Executive Officer, and the Employee shall
have such duties and responsibilities assigned to him by the President of the
Parent Company, and which are consistent with said position including, without
limitation,
those
duties and responsibilities currently performed by the Employee. During the Term
(as such term is defined hereafter), the Employee shall report to the Parent
Company’s President, and Employee shall perform such other duties and
responsibilities in accordance with the President’s instructions,
which shall be consistent with his position as the Chief Executive Officer of
the Company.

 

 

(b)  Term. Unless
terminated earlier as provided for in Section
6 of this
Agreement, this Agreement shall continue in effect until either party provides
the other with at least twelve (12) months prior written notice of the
termination of this Agreement (the “Term”).

 

2.  Service
on the Board of Managers. During
the Term, unless otherwise mutually agreed to by the Company and the Employee,
the Employee shall serve as a manager on the Company’s Board of
Managers.

 

3.  Employee’s
Performance.
Employee hereby accepts the employment contemplated by this Agreement. During
the Term, Employee shall devote all of his business time and efforts to the
performance of his duties under this Agreement, and shall perform such duties
diligently, in good faith and in a manner consistent with the best interests of
the Company. 

 

4.  Compensation
and Other Benefits.

 

(a)  Initial
Bonus. On the
commencement date of Employee’s employment with the Company, the Company shall
pay to the Employee an initial bonus in the amount of Thirty-Eight Thousand
Eight Hundred Fifty Dollars (US$38,850). 

 

(b)  Salary. For his
services to the Company during the Term, the Company also shall pay Employee a
salary (“Salary”) at the
rate of Two Hundred Thousand Dollars ($US200,000) per year. All installments of
Salary shall be paid to the Employee on the Company’s regular payroll dates. As
used in this Agreement, the term “Salary” shall
mean the Salary in effect at the time of the relevant event. The Parent
Company’s President, or Compensation Committee, if a Compensation Committee has
been established, will review the Employees Salary at the end of each fiscal
year, and may increase the Employee’s Salary at their sole
discretion.

 

(c)  Additional
Compensation. In
addition to the Initial Bonus and Salary payable to the Employee, pursuant to
the provisions of subsections
4(a) and 4(b) above,
the Employee shall also be entitled to receive additional compensation hereunder
(the “Profit
Bonus”) equal
to ten percent (10%) of the Company’s net earnings after payment of interest,
but before the payment of taxes (“Net
Earnings”), as
determined by the Company’s independent accountants. The Profit Bonus will be
payable only in the case that the company’s performance achieves the agreed
performance budget for that year, as agreed between the Employee and the Parent
Company’s President prior to that fiscal year. Any Profit Bonus payable to the
Employee hereunder shall be determined based on the Company’s Net Earnings for
each fiscal year of the Company, during the Term, and shall be paid to the
Employee within ninety (90) days after the end of each fiscal year for which a
Profit Bonus is payable, in cash, securities of the Company, or a combination of
both, which determination shall be mutually agreed by the Employee and the
Company. In the event that the Employee is not employed by the Company during
the entire fiscal year for which any Profit Bonus is computed, such Profit Bonus
shall be pro rated based on the period of the Employee’s employment during such
fiscal year, and shall take in to account the agreed budget for that same
period.

 

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(d)  Issuance
of shares in the Parent Company.
Effective as of the date of this Agreement, the Employee shall be issued 200,000
ordinary shares in the Parent Company.

 

(e)  Other
Benefits. In
addition to any other compensation set forth herein, Employee shall receive the
following benefits:

 

(i)  health
insurance for the Employee and, to the extent permitted by the Company’s health
insurer, members of his immediate family during the Term of this Agreement;

 

(ii)  the right
to participate in any profit sharing plans, pension plans, stock option and
other stock rights plans, as are made available to the Company’s other executive
employees, as shall be determined in the sole discretion of the Company’s Board
of Managers or Compensation Committee, if applicable;

 

(iii)  payment
of all automobile expenses, including maintenance, insurance and fuel, upon the
same terms as currently provided by the Company; and 

 

(iv)  twenty
(20) days of vacation each year; provided that it is within the President’s
discretion whether or not to allow the Employee to take vacation on the dates
requested, based upon the business requirements of the Company. The Employee may
not normally take more than two (2) weeks of vacation between June 1st and
September 30th of each
year, and unused vacation time may not be carried forward to subsequent
years.

 

(f)  Withholding. All
forms of cash compensation referred to in this Agreement are subject to
reduction to reflect applicable withholding and payroll taxes.

 

5.  Reimbursement
of Expenses. The
Company shall reimburse Employee for all expenses properly and reasonably
incurred by Employee in connection with the performance of his services pursuant
to this Agreement.

 

6.  Termination
of Employment.

 

(a)  Death. The
Employee’s employment hereunder shall terminate immediately upon the death of
the Employee. Except for accrued but unpaid Salary payments and any Profit Bonus
due for the period through the date of death, the Company shall have no further
payment or other obligations to the Employee. 

 

(b)  Disability. The
Employee’s employment may be terminable by the Employee or the Company by not
less than ten (10) days’ written notice in the event of Employee’s Disability.
The term “Disability” shall
mean any illness, disability or incapacity of the Employee which prevents him
from substantially performing his regular duties for a period of three (3)
consecutive months or six (6) months, even though not consecutive, in any twelve
(12) month period. In addition, Disability shall also be deemed to have occurred
if Employee shall have had appointed a guardian or conservator to preside over
his affairs, or such appointment shall have been made by a court of competent
jurisdiction. The determination of Employee’s “Disability” shall
be made by an examining physician acceptable to the Company and the Employee. If
the Company and the Employee cannot agree as to an acceptable physician or if
the Employee is unable to select a physician, then a physician shall be
designated by the American Arbitration Association in New York, New York. In the
event of a termination of Employee’s employment as a result of his Disability,
except for accrued but unpaid Salary payments and any Profit Bonus due for the
period through the date of termination, the Company shall have no further
payment or other obligations to the Employee. 

 

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(c)  Termination
for Cause. The
Company may terminate Employee’s employment immediately for Cause (as hereunder
defined). The term “Cause” shall
mean (i) Employee’s conviction of a crime (excluding minor traffic
violations); (ii) gross negligence or willful misconduct of Employee in
connection with his duties hereunder; (iii) the determination by any
regulatory or judicial authority that Employee violated, before or after the
date hereof, any law, any rule or regulation adopted thereunder relating to the
operation of the Company; (iv) the consistent failure by Employee to
perform his duties hereunder or follow the directives, orders or instructions of
the Company’s Board of Managers; or (v) any determination by the Board of
Managers that the Employee conducted any type of fraud or other behavior not
reflecting positively on the Company. In the event of a termination for Cause,
the Company shall have no payment obligations to Employee except for accrued but
unpaid Salary payments and any Profit Bonus due for the period through the date
of termination, the Company shall have no further payment or other obligations
to the Employee. 

 

(d)  Termination
without Cause.
Notwithstanding anything to the contrary contained in this Agreement, the
Company may terminate the employment of the Employee hereunder, without Cause,
by providing Employee with twelve (12) months prior written notice of such
termination of employment. Upon termination of his employment, Company shall pay
to Employee any accrued but unpaid Salary through the date of such termination.
Furthermore, the Company shall also pay to the Employee, at the time set forth
in subsection
4(c), any
Profit Bonus due and payable to him with respect to the fiscal year in which his
employment was terminated without Cause. 

 

7.  Trade
Secrets and Proprietary Information.
Employee recognizes and acknowledges that the Company, through the expenditure
of considerable time and money, has developed and will continue to develop
information concerning customers, clients, marketing, products, services,
business, research and development activities and operational methods of the
Company and its customers or clients, contracts, financial or other data,
technical data or any other confidential or proprietary information possessed,
owned or used by the Company, the disclosure of which could or does have a
material adverse effect on the Company, its business, any business it proposes
to engage in, its operations, or financial condition and that the same are
confidential and proprietary and considered “confidential
information” of the
Company for the purposes of this Agreement. In partial consideration of his
employment, Employee agrees that he will not, without the consent of the Board
of Managers of the Company make any disclosure of confidential information now
or hereafter possessed by the Company, to any person, partnership, corporation
or entity either during or after the term hereof, except to officers, managers,
employees and consultants of the Company or its subsidiaries or affiliates and
to others within or without the Company as the Employee may deem necessary in
order to perform Employee’s services hereunder, and except as may be required
pursuant to any court order, judgment or decision from any court of competent
jurisdiction; provided,
however,
Employee shall give the Company immediate notice as to any such legal proceeding
or process. The foregoing shall not apply to information which is in the public
domain on the date hereof; which, after it is disclosed to Employee by the
Company, is published or becomes part of the public domain through no fault of
Employee; which is known to Employee prior to disclosure thereof to him by the
Company, provided he obtained it from a source not bound by a confidentiality
agreement with or confidentiality obligation to the Company, after Employee is
no longer employed by the Company, which is thereafter disclosed to Employee in
good faith by a third party which is not under any obligation of confidence or
secrecy to the Company with respect to such information at the time of
disclosure to him. For purposes solely of this Section
7 the term
“Company” shall
include the Company, its parent, its subsidiaries and affiliates.

 

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8.  Covenant
Not To Solicit. Except
in the ordinary course of his duties hereunder, or in the furtherance of the
business of the Company, during the period from the date of this Agreement until
two (2) years following the date on which Employee’s employment hereunder is
terminated for any reason or no reason, Employee will not, directly or
indirectly:

 

(a)  persuade
or attempt to persuade any person or entity which is or was a customer, client
or supplier of the Company to cease doing business with the Company, or to
reduce the amount of business it does with the Company;

 

(b)  solicit
for himself or any other person or entity other than the Company the business of
any person or entity which is a customer or client of the Company, or was a
customer or client of the Company within two (2) years prior to the termination
of his employment; or

 

(c)  persuade
or attempt to persuade any employee of the Company, or any individual who was an
employee of the Company during the one (1) year period prior to the lawful and
proper termination of this Agreement, to leave the Company’s employ, or to
become employed by any person or entity other than the Company.

 

9.  Covenant
Not To Compete. Except
in the ordinary course of his duties hereunder, or in the furtherance of the
business of the Company, during the period from the date of this Agreement until
one (1) year following the date on which Employee’s employment hereunder is
terminated for any reason or no reason, Employee will not, directly or
indirectly engage in any business in the United States whether as an officer,
director, consultant, partner, guarantor, principal, agent, employee, advisor or
in any manner, in a Competitive Business. For the purpose of this Section
9,
“Competitive
Business” shall
mean any business engaged in logistics and/or freight forwarding.

 

10.  Enforceability
and/or Modification of Restrictive Covenants.
Employee acknowledges that the restrictive covenants (the “Restrictive
Covenants”)
contained in Sections 7,
8 and 9 of this
Agreement are a condition of his employment and are reasonable and valid in
geographical and temporal scope and in all other respects. If any court
determines that any of the Restrictive Covenants, or any part of any of the
Restrictive Covenants, is invalid or unenforceable, the remainder of the
Restrictive Covenants and parts thereof shall not thereby be affected and shall
remain in full force and effect, without regard to the invalid portion. If any
court determines that any of the Restrictive Covenants, or any part thereof, is
invalid or unenforceable because of the geographic or temporal scope of such
provision, such court shall have the power to reduce the geographic or temporal
scope of such provision, as the case may be, and, in its reduced form, such
provision shall then be enforceable.

 

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11.  Injunctive
Relief.
Employee agrees that his violation of or notice to the Company of his intention
to violate any of the provisions of Sections 7,
8 or 9 of this
Agreement shall cause immediate and irreparable harm to the Company. In the
event of any breach of or notice of intention to breach any of said provisions,
Employee consents to the entry of preliminary and permanent injunctions by a
court of competent jurisdiction prohibiting Employee from any violation or
threatened violation of such provisions and compelling Employee to comply with
such provisions. This Section
11 shall
not affect or limit, and the injunctive relief provided in this Section
11 shall be
in addition to, any other remedies available to the Company at law or in equity
or in arbitration for any such violation by Employee.

 

12.  Miscellaneous.

 

(a)  Notices. Any
notice, consent or communication required under the provisions of this Agreement
shall be given in writing and sent or delivered by hand, overnight courier or
messenger service, against a signed receipt or acknowledgment of receipt, or by
registered or certified mail, return receipt requested, to the parties at their
respective addresses set forth at the beginning of this Agreement with notice to
the Company being sent to the attention of the individual who executed this
Agreement on behalf of the Company. Either party may, by like notice, change the
person, address or telecopier number to which notice is to be sent.

(b)   Governing
Law; Jurisdiction. This
Agreement shall be governed by and construed in accordance with the internal
laws of the State of New York without regard to the conflicts of laws principles
thereof. The parties hereto hereby irrevocably agree that any suit or proceeding
arising directly and/or indirectly pursuant to or under this Agreement, shall be
brought solely in a federal or state court located in the City, County and State
of New York. By its execution hereof, the parties hereby covenant and
irrevocably submit to the in personam
jurisdiction of the federal and state courts located in the City, County and
State of New York and agree that any process in any such action may be served
upon any of them personally, or by certified mail or registered mail upon them
or their agent, return receipt requested, with the same full force and effect as
if personally served upon them in New York City. The parties hereto waive any
claim that any such jurisdiction is not a convenient forum for any such suit or
proceeding and any defense or lack of in
personam
jurisdiction with respect thereto. In the event of any such action or
proceeding, the party prevailing therein shall be entitled to payment from the
other party hereto of its reasonable counsel fees and disbursements in an amount
judicially determined.

 

(c)  Severability. If any
term, covenant or condition of this Agreement or the application thereof to any
party or circumstance shall, to any extent, be determined to be invalid or
unenforceable, the remainder of this Agreement, or the application of such term,
covenant or condition to parties or circumstances other than those as to which
it is held invalid or unenforceable, shall not be affected thereby and each
term, covenant or condition of this Agreement shall be valid and be enforced to
the fullest extent permitted by law, and any court or arbitrator having
jurisdiction may reduce the scope of any provision of this Agreement, including
any geographic and temporal restrictions set forth in Sections
8 and 9 of this
Agreement, so that it complies with applicable law.

 

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(d)  Entire
Agreement. This
Agreement constitutes the entire agreement of the Company and Employee as to the
subject matter hereof, superseding all prior written or prior contemporaneous or
oral understandings, agreements and/or contracts, including any previous
employment agreements, or understandings with respect to the subject matter
covered in this Agreement. Any such prior understanding, agreements and/or
contracts are hereby expressly and irrevocably deemed null and void and of no
further force or effect. This Agreement may not be modified or amended, nor may
any right be waived, except by a writing which expressly refers to this
Agreement, states that it is intended to be a modification, amendment or waiver
and is signed by both parties in the case of a modification or amendment or by
the party granting the waiver. No course of conduct or dealing between the
parties and no custom or trade usage shall be relied upon to vary the terms of
this Agreement. 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 or
deprive that party of the right thereafter to insist upon strict adherence to
that term or any other term of this Agreement.

 

(e)  Assignment. Except
as specifically set forth in this Agreement, neither the Company nor the
Employee shall have the right to assign or transfer any of its or his rights or
obligations hereunder without the prior written consent of the other party;
provided, however, that the Company may assign this Agreement to any subsidiary
or affiliate of the Company or to any entity that is a successor
business.

 

(f)  Successors
and Assigns. This
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective heirs, successors, executors, administrators and permitted
assigns.

 

(g)  Waiver. No
delay or omission to exercise any right, power or remedy accruing to either
party hereto shall impair any such right, power or remedy or shall be construed
to be a waiver of or an acquiescence to any breach hereof. No waiver of any
breach hereof shall be deemed to be a waiver of any other breach hereof
theretofore or thereafter occurring. Any waiver of any provision hereof shall be
effective only to the extent specifically set forth in an applicable writing.
All remedies afforded to either party under this Agreement, by law or otherwise,
shall be cumulative and not alternative and shall not preclude assertion by such
party of any other rights or the seeking of any other rights or remedies against
any other party.

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

 

	 	 	 
	 	KAY O’NEILL
      (USA) LLC 
	 
 	 
 	 
 
		By:  	/s/ Christopher Wood
	 	
      

      Name:
      Christopher Wood

      Title:
      Manager
      Kay O’Neill (USA) LLC

	 	

	 	 	 
	 	EMPLOYEE:
	 
 	 
 	 
 
		By:  	/s/ Stewart Brown
	 	
      

      Stewart Brown
	 	

 

- 8
-Exhibit
10.1

 

AMENDED
AND RESTATED EMPLOYMENT AGREEMENT

 

THIS
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”), is
effective as of March 1, 2005 (the “Effective
Date”), was
originally made and entered into as of October 26, 2000 (the “
Original Effective Date”) and
was previously amended on September 25, 2003, and September 23, 2004, by and
between Streicher Mobile Fueling, Inc., a Florida corporation (the “Company”), and
Richard E. Gathright (the “Employee”).

 

Recitals

 

The
Company desires to retain the personal services of the Employee as President and
Chief Executive Officer of the Company, and the
Employee is willing to continue to make his services available to the
Company, on the
terms and conditions hereinafter set forth;

 

Agreement

 

NOW,
THEREFORE, in consideration of the premises and mutual covenants set forth
herein, the parties agree as follows:

 

1.    Employment.

 

1.1    Employment
and Term. The
Company hereby agrees to employ the Employee and the Employee hereby agrees to
serve the Company, on the terms and conditions set forth herein, for the period
commencing on the Effective Date and continuing through February 28, 2006,
unless sooner terminated in accordance with the terms and conditions hereof (the
“Term”). The
Term shall be automatically extended for another twelve (12) month period each
year on the anniversary date of the Effective unless either the Company or the
Employee provides written notice of non-renewal prior to the anniversary date,
in which event the Term shall end on the day before the next anniversary of the
Effective Date.

 

1.2    Duties
of Employee. The
Employee shall serve as the President and Chief Executive Officer of the
Company, shall have and exercise general responsibility for the business of the
Company and shall have powers and authority superior to any other officer or
employee of the Company or of any subsidiary of the Company. The Employee shall
also have such other powers and duties as may from time to time be delegated to
him by the Company’s Board of Directors (the “Board”),
provided that such duties are consistent with his position. The Employee shall
report to the Board. The Employee shall devote substantially all his working
time and attention to the business and affairs of the Company (excluding any
vacation and sick leave to which the Employee is entitled), render such services
to the best of his ability, and use his best efforts to promote the interests of
the Company. So long as such activities do not interfere with the performance of
the Employee’s responsibilities as an employee of the Company in accordance with
this Agreement, it shall not be a violation of this Agreement for the Employee
to (i) serve on corporate, civic or charitable boards or committees, (ii)
deliver lectures or fulfill speaking engagements; (iii) manage personal
investments; or (iv) participate in such continuing legal education seminars or
other activities required for the Employee to maintain his license to practice
law.

 

 

1.3    Place
of Performance. In
connection with his employment by the Company, the Employee shall be based at
the Company’s offices in Fort Lauderdale, Florida or another mutually agreed
location, except for travel necessary in connection with the Company’s
business.

 

1.4    Directorship. It is
the intention of the Company’s Board of Directors that the Employee continue to
serve as a Director of the Company and that he continue to serve as Chairman of
the Board of Directors. The Company agrees to take such actions as are necessary
to cause the Employee to serve in such capacities for the duration of the Term.

 

2.    Compensation.

 

2.1    Base
Salary.
Commencing on the Effective Date, the Employee shall receive a minimum base
salary at the annual rate of Three Hundred Twenty Three Thousand Dollars
($323,000) (the “Base
Salary”) during
the Term, payable in installments consistent with the Company’s normal payroll
schedule, subject to applicable withholding and other taxes.

 

2.2    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. In addition, 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 the 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 the
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,
however, 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 2.2 for any fiscal year during 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 2.2 with
respect to any fiscal year during which the Employee’s employment is terminated
by the Company for Cause, or by the Employee as a result of his voluntary
resignation.

 

2.3    Stock
Options.

 

(a)    On or
after the Original Effective Date, Employee received a grant of options to
purchase 500,000 shares of the Company’s common stock (the “Options”), at an
exercise price per share equal to the fair market value of the Company’s common
stock as of the date of grant.

 

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(b)    The
Options were granted pursuant to a stock option agreement between the Company
and the Employee (the “Stock Option Agreement”) which contained terms and
conditions consistent with those applicable to stock options previously granted
under the Streicher Mobile Fueling, Inc. Stock Option Plan; provided,
however, that the
Options: (i) have a term expiring on the tenth anniversary of the date of grant
(the “Option
Expiration Date”); (ii)
subject to termination of the Options prior to vesting as provided in clause
(iii) below, the Options vest and become exercisable (A) to the extent of 33.33%
of the Options, on the Effective Date, (B) with respect to an additional 33.33%
of the Options, on October 25, 2002, and (C) with respect to the remaining
33.34% of the Options, on October 25, 2003; (iii) to the extent not previously
vested and exercised pursuant to their terms, the Options terminate upon the
earlier to occur of: (A)
twelve (12) months after the termination of the Employee’s employment hereunder
pursuant to Section 4.2 by reason of the Employee’s disability, or pursuant to
Section 4.3 by reason of his death, or following expiration of the Term
(including any extensions thereto or renewals thereof) or such other date as
Employee ceases to render services to the Company pursuant to an employment
contract or other agreement with the Company (other than by reason of
termination of the Employee for Cause, without Cause or his voluntary
resignation), (B) eighteen (18) months after the termination of the Employee’s
employment hereunder pursuant to Section 4.4 by the Company without Cause, (C)
ninety (90) days after the date the Employee’s employment hereunder is
terminated by the Employee pursuant to Section 4.5, (D) immediately on the date
the Employee’s employment hereunder is terminated by the Company for Cause
pursuant to Section 4.1, and (E) the Option Expiration Date; (iv) are incentive
stock options to the extent allowed by applicable tax rules and regulations; and
(v) shall become fully vested and exercisable upon a “change of control” of the
Company (consistent with the provisions of the Stock Option Plan). The Stock
Option Agreement provides that the Employee cannot sell, transfer or otherwise
dispose of any shares of the Company’s common stock issued upon the exercise of
any of the Options prior to October 26, 2001. 

 

3.    Expense
Reimbursement and Other Benefits.

 

3.1    Expense
Reimbursement. During
the Term, the Company, in accordance with expense reimbursement policies and
procedures in effect for the Company’s employees from time to time, shall
reimburse the Employee for all documented reasonable expenses actually paid or
incurred by the Employee in the course of and pursuant to the business of the
Company. The Company shall provide the Employee with an auto allowance of
$12,000 per annum, which shall be earned and paid monthly throughout the Term.
In addition, the Company shall reimburse the Employee for all documented
reasonable expenses actually paid or incurred by the Employee for continuing
legal education seminars or other activities required for the Employee to
maintain his license to practice law. 

 

3.2    Other
Benefits. During
the Term and during the period of time that Severance Payments are to be made to
the Employee hereunder, the Company shall make available to the Employee such
benefits and perquisites as are generally provided by the Company to its senior
management (subject to eligibility), including but not limited to participation
in any group life, medical, health, dental, disability or accident insurance,
pension plan, 401(k) savings and investment plan, profit-sharing plan, employee
stock purchase plan, incentive compensation plan or other such benefit plan or
policy, if any, which may presently be in effect or which may hereafter be
adopted by the Company for the benefit of its senior management or its employees
generally, in each case subject to and on a basis consistent with the terms,
conditions and overall administration of such plan or arrangement; provided,
however, that the
Company shall waive any existing eligibility requirements for participation in
such plans or arrangements to the extent allowed by the applicable rules and
regulations governing the same.

 

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3.3    Vacation. During
the Term, the Employee shall be entitled to paid vacation in accordance with the
policies, programs and practices of the Company generally applicable to its
senior management; provided,
however, that
Employee shall be entitled to not less that three weeks of paid vacation per
contract year during the Term.

 

3.4    Relocation
Expenses. The
Company reimbursed the Employee for all documented reasonable and customary
expenses actually paid or incurred by the Employee in connection with his
relocation to the Fort Lauderdale, Florida area, including temporary housing and
living expenses and expenses incurred to move the personal belongings of the
Employee and his family. If an to
the extent that the Employee suffers any increase in federal income taxes as a
result of the Company’s relocation expense reimbursement pursuant to this
Section 3.4, the Company will pay the Employee an additional amount so that, on
a net after-tax basis, the Employee receives the same amount of expense
reimbursement payable hereunder as he would have absent such taxes.

 

4.    Termination.

 

4.1    Termination
for Cause.
Notwithstanding anything contained to the contrary in this Agreement, this
Agreement and the Employee’s employment hereunder may be terminated by the
Company for Cause. As used in this Agreement, “Cause” shall
mean (i)  subject to the following sentences, any action or omission of the
Employee which constitutes (A) a breach of any of the provisions of Section 6 of
this Agreement, (B) a breach by the Employee of his fiduciary duties and
obligations to the Company, or (C) the Employee’s failure or refusal to follow
any lawful directive of the Board, in each case which act or omission is not
cured (if capable of being cured) within ten (10) days after written notice of
same from the Company to the Employee, or (ii) conduct constituting fraud,
embezzlement, misappropriation or gross dishonesty by the Employee in connection
with the performance of his duties under this Agreement, or a conviction of the
Employee of, a felony (other than a traffic violation) or, if it shall damage or
bring into disrepute the business, reputation or goodwill of the Company or
impair the Employee's ability to perform his duties with the Company, any crime
involving moral turpitude. The Employee shall be given a written notice of
termination for Cause specifying the details thereof. Upon any termination
pursuant to this Section 4.1, the Employee shall only be entitled to his Base
Salary through the date of termination, reimbursement for all expenses described
in Section 3.1 of this Agreement and incurred prior to the date of termination,
and any other compensation and benefits provided in accordance with Section 3.2
hereof. Upon making such payments, the Company shall have no further liability
hereunder.

 

4.2    Disability.
Notwithstanding anything contained in this Agreement to the contrary, the
Company, by written notice to the Employee, shall at all times have the right to
terminate this Agreement and the Employee’s employment hereunder if the Employee
shall, as the result of mental or physical incapacity, illness or disability,
fail or be unable to perform his duties and responsibilities provided for herein
in all material respects for a period of more than sixty (60) consecutive days
in any 12-month period. Upon any termination pursuant to this Section 4.2, (i)
within thirty (30) days after the date of termination, the Company shall pay the
Employee any unpaid amounts of his Base Salary accrued prior to the date of
termination and shall reimburse Employee for all expenses described in Section
3.1 of this Agreement and incurred prior to the date of termination, and (ii) in
lieu of any further Base Salary, incentive compensation or other benefits or
payments to the Employee for periods subsequent to the date of termination the
Company shall pay to the Employee the Severance Payments and Severance Benefits
specified in Section 5.1. Upon making such payments and providing such benefits,
the Company shall have no further liability hereunder; provided,
however, that the
Employee shall be entitled to receive any amounts then payable pursuant to any
employee benefit plan, life insurance policy or other plan, program or policy
then maintained or provided by the Company to the Employee in accordance with
Section 3.2 hereof and under the terms thereof.

 

-4-

 

4.3    Death. In the
event of the death of the Employee during the term of his employment hereunder,
this Agreement shall terminate on the date of the Employee’s death. Upon any
termination pursuant to this Section 4.3, (i) within thirty (30) days after the
date of termination, the Company shall pay to the estate of the Employee any
unpaid amounts of his Base Salary accrued prior to the date of termination and
reimbursement for all expenses described in Section 3.1 of this Agreement and
incurred by Employee prior to his death, and (ii) in lieu of any further Base
Salary, incentive compensation or other benefits or payments to the estate of
the Employee for periods subsequent to the date of termination the Company shall
pay to the estate of the Employee the Severance Payments specified in Section
5.1. Upon making such payments, the Company shall have no further liability
hereunder; provided, that
the Employee’s spouse, beneficiaries or estate, as the case may be, shall be
entitled to receive any amounts then payable pursuant to any employee benefit
plan, life insurance policy or other plan, program or policy then maintained or
provided by the Company to the Employee in accordance with Section 3.2 hereof
and under the terms thereof.

 

4.4    Termination
Without Cause. At any
time the Company shall have the right to terminate this Agreement and the
Employee’s employment hereunder by written notice to the Employee. Upon any
termination pursuant to this Section 4.4, (i) within thirty (30) days after the
date of termination, the Company shall pay the
Employee any unpaid amounts of his Base Salary accrued prior to the date of
termination and
shall reimburse Employee for all expenses described in Section 3.1 of this
Agreement and incurred prior to the date of termination,
and (ii)
in lieu of any further Base Salary, incentive compensation or other benefits or
payments to the Employee for periods subsequent to the date of termination the
Company shall pay to the Employee the Severance Payments and Severance Benefits
specified in Section 5.1. The
amount of any payment (including Severance Payments) provided for in this
Section 4.4 will not be reduced by any compensation the Employee earns as the
result of employment by another employer or business during the period the
Company is obligated to make payments hereunder. Upon
making such payments and providing such benefits, the
Company shall have no further liability hereunder;
provided, that
the Employee shall be entitled to receive any amounts then payable pursuant to
any employee benefit plan, life insurance policy or other plan, program or
policy then maintained or provided by the Company to the Employee in accordance
with Section 3.2 and under the terms thereof. A notice
of non-renewal of this Agreement by the Company pursuant to Section 1.1 hereof
shall be deemed to be termination without cause pursuant to this Section 4.4.

 

-5-

 

4.5    Voluntary
Resignation. The
Employee may, upon not less than thirty (30) days’ written notice to the
Company, resign and terminate his employment hereunder. In the event the
Employee resigns as an employee of the Company, he shall be entitled to receive
only such payment(s) as he would have received had he been terminated pursuant
to Section 4.1 hereof. The
Employee shall give the Company not less than thirty (30) days prior written
notice of his intention to resign.

 

5.    Severance
Payments and Benefits.

 

5.1    Amount
of Benefit. Upon
any termination of this Agreement pursuant to Section 4.2, 4.3 or 4.4, the
Company shall continue to pay the Employee, subject to the six-month initial
delay of payment for disability related payments or termination without cause
related payments that may be required pursuant to Section 5.3, or shall pay his
estate, in the event of his death, in installments equal to the amounts of his
Base Salary (at the rate in effect at the date of termination) that would have
been paid to the Employee had this Agreement and his employment hereunder not
been terminated for the following periods: (i) if this Agreement is terminated
pursuant to Section 4.2 or 4.3, for a period of six (6) months following the
date of termination; and (ii) if this Agreement is terminated pursuant to
Section 4.4, until eighteen (18) months following the date of termination (the
“Severance
Payments”).
During any period of time that the Company is obligated to make Severance
Payments to the Employee pursuant to this Agreement, the Company shall also
provide automobile allowance, health insurance and other employee benefits (or
the value of any such benefits which cannot be provided to a non-employee), with
no reductions from those provided before such termination (the “Severance
Benefits”). In
the event of a Restriction Purchase Election (as defined in Section 5.3) by the
Company, the period of time during which Severance Payments must be made by
Employer will be reduced by six (6) months. If during the Noncompete Period (as
defined in Section 6.3) the Employee engages in conduct or activities that
constitute a breach of the provisions of Section 6.1, 6.2 or 6.3, then the
Company’s obligation to pay the Employee (or his estate) any further Severance
Payments shall cease and the Company shall have no further liability for
Severance Payments hereunder; provided,
that the
Company shall provide the Employee not less than thirty (30) days prior written
notice of its intention to discontinue Severance Payments; provided,
further, that if
the Employee in good faith disputes whether he has breached the provisions of
Section 6.1, 6.2 or 6.3 and so notifies the Company in writing within ten (10)
days of receiving such notice, then the Company shall continue to make the
Severance Payments until such time as the dispute is resolved but may, at its
option, make such payments to an escrow account established for such purpose (or
if litigation has commenced with regard to such dispute, to deposit such
payments with the clerk of the court having jurisdiction of the
dispute).

 

5.2    Lump
Sum Payment. At the
Company’s option, and subject to Section 5.3, the Severance Payments (or any
remaining installments thereof) may be discharged in full by delivering to the
Employee (or the estate of the Employee) a lump sum payment by bank or cashiers
cashier's check in an amount equal to the present value of the flow of cash
payments (or remaining installments thereof) that would otherwise be paid to the
Employee pursuant to Section 5.1. Such present value shall be determined as of
the date of delivery of the lump sum payment by the Company and shall be based
on a discount rate equal to the interest rate of 90 day U.S. Treasury bills, as
reported in The
Wall Street Journal (or
similar publication), on the third business day prior to the delivery of the
lump sum payment. The Company has no corresponding right to make a lump sum
payment in lieu of providing Severance Benefits and, in the event of a lump sum
payment terminating the Company’s obligation to make Severance Payments, the
Company’s obligation to provide the Employee with Severance Benefits will
continue for the period Severance Payments would have been made in the absence
of such lump sum payment.

 

-6-

 

5.3    American
Jobs Creation Act Provisions. It is
the intention of the Parties that payments or benefits payable under this
Agreement not be subject to the additional tax imposed pursuant to Section 409A
of the Internal Revenue Code of 1986 (“Code”). Accordingly, to the extent such
potential payments or benefits could become subject to Section 409A, the Parties
shall cooperate to amend this Agreement with the goal of giving Employee the
economic benefits described herein in a manner that does not result in such tax
being imposed. Notwithstanding anything in this Agreement to the contrary, the
following provisions related to payments treated as deferred compensation under
Section 409A of the Code, shall apply:

 

	(a)  	
      If
      (i) the Employee is a “specified person” on the date of the Employee’s
      “separation from service” within the meaning of Sections 409A(a)(2)(A)(i)
      and 409A(a)(2)(B)(ii) of the Code, and (ii) as a result of such separation
      from service the Employee would receive any payment that, absent the
      application of this paragraph, would be subject to the interest and
      additional tax imposed pursuant to Section 409A(a) of the Code as a result
      of the application of Section 409A(a)(2)(B)(i) of the Code, then no such
      payment shall be made prior to the date that is the earliest of: (i) 6
      months after the Employee’s separation from service, (ii) the Employee’s
      date of death, or (iii) such other date on which such payment will not be
      subject to such interest and additional tax. 

 

	(b)  	
      Any
      payments that are delayed pursuant to Section 5.3(a) shall be paid on the
      earliest of the three dates described therein.

 

	(c)  	
      In
      the event it shall be determined that any payment by the Company to or for
      the benefit of the Employee (whether paid or payable pursuant to the terms
      of this Agreement or otherwise, but determined without regard to any
      additional payments required under this Section 5.3) (a “Payment”)
      would be subject to the tax imposed by Section 409A of the Code or any
      interest or penalties are incurred by the Employee with respect to such
      tax (such tax, together with any such interest and penalties, are
      hereinafter collectively referred to as the “409A
      Tax”),
      then the Employee shall be entitled to receive an additional payment (a
      “Gross-Up
      Payment”)
      in an amount such that the remaining balance of the Gross-Up Payment after
      reduction for the amount of all taxes imposed upon the Gross-Up Payment
      (including any state and federal income taxes and 409A Tax imposed with
      respect to such taxes), is equal to the 409A Tax imposed upon the Payment.
      

 

	(d)  	
      In
      the event that the Severance Payments payable to the Employee are to be
      delayed for a period of six (6) months on account of Code Section 409A
      pursuant to Section 5.3(a) above, then the Employee’s obligations under
      this Agreement not to solicit employees or former employees of the Company
      and not to compete with the Company under Sections 6.2 and 6.3 of this
      Agreement, respectively, shall not commence until such six (6) month
      period has expired and the first Severance Payment has been made,
      provided,
      however,
      that the Company may, at or after the time of the Employee’s termination
      of employment, elect to make such restrictions effective immediately upon
      termination by (i) giving written notice to the Employee of such election
      and (ii) paying the Employee an amount equal to 50% of the Base Salary in
      a lump sum or in four (4) monthly payments beginning one month after
      termination (a “Restriction Purchase Election”). If Severance Payments are
      delayed six (6) months as a result of Code Section 409A, the Severance
      Benefits that are not subject to Code Section 409A, including but not
      limited to the Employee’s continuing participation in the Company’s health
      insurance plan, shall continue uninterrupted during the six (6) month
      delay required by Section 409A, irrespective of whether the Company makes
      a Restriction Purchase Election, and shall continue so long as Employer
      remains obligated to make Severance Payments. 

 

-7-

 

6.    Restrictive
Covenants.

 

6.1    Nondisclosure. (a) The
Employee agrees that he 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 Information (as hereinafter defined) pertaining to the
business of the Company. Any Confidential Information or data now or hereafter
acquired by the Employee 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 and marketing and
promotion of the Company's services) shall be deemed a valuable, special and
unique asset of the Company that is received by the Employee in confidence and
as a fiduciary, and the Employee shall remain a fiduciary to the Company with
respect to all of such information. For purposes of this Agreement,
“Confidential
Information” means
information disclosed to the Employee or known by the Employee as a consequence
of or through his employment by the Company (including information conceived,
originated, discovered or developed by the Employee), and not generally known or
available, about the Company or its business. Notwithstanding the foregoing,
nothing herein shall be deemed to restrict the Employee from disclosing
Confidential Information to the extent required by law.

 

(b)    The
Employee agrees to (i) return to the Company upon request, and in any event, at
the time of termination of employment for whatever reason, all documents,
equipment, notes, records, computer disks and tapes and other tangible items in
his possession or under his control which belong to the Company or any of its
affiliates or which contain or refer to any Confidential Information relating to
the Company or any of its affiliates and (ii) if so requested by the Company,
delete all Confidential Information relating to the Company or any of its
affiliates from any computer disks, tapes or other re-usable material in his
possession or under his control which contain or refer to any Confidential
Information relating to the Company or any of its affiliates.

 

6.2    Nonsolicitation
of Employees. While
employed by the Company and for a period of twelve (12) months after the first
payment of Severance Payments is made hereunder, Employee shall not directly or
indirectly, for himself or for any other person, firm, corporation, partnership,
association or other entity, attempt to employ or enter into any contractual
arrangement with any employee or former employee of the Company, unless such
employee or former employee (i) has not been employed by the Company for a
period of more than twelve (12) months or (ii) was an individual with whom
Employee was a co-worker of or otherwise associated with prior to being employed
by the Company. 

 

-8-

 

6.3    Noncompetition.
(a) While
employed by the Company and for a period of twelve (12) months after the first
payment of Severance Payments is made hereunder (the “Noncompete
Period”),
unless otherwise waived in writing by the Company (such waiver to be in the
Company’s sole and absolute discretion), the Employee shall not, directly or
indirectly, engage in, operate, manage, have any investment or interest or
otherwise participate in any manner (whether as employee, officer, director,
partner, agent, security holder, creditor, consultant or otherwise) in any sole
proprietorship, partnership, corporation or business or any other person or
entity (each, a “Competitor”) that
engages, directly, or indirectly in a Competing Business; provided, that
(A) the Employee may continue to hold securities of the Company and/or acquire,
solely as an investment, shares of capital stock or other equity securities of
any Competitor which are publicly traded, so long as the Employee does not
control, acquire a controlling interest in, or become a member of a group which
exercises direct or indirect control of, more than five percent (5%) of any
class of equity securities of such Competitor; and (B) the Employee may be
employed by or consult with a Competitor whose primary business is not a
Competing Business, so long as the Employee does not have direct and day-to-day
supervisory responsibilities with respect to its Competing Business. For
purposes of this Agreement, the term “Competing
Business”
means mobile
fleet fueling.

 

(b)    Notwithstanding
anything in Section 6.3(a) to the contrary, if this Agreement is terminated by
the Company pursuant to Section 4.4, the Noncompete Period shall continue and
the provisions of Section 6.3(a) shall remain in effect during any period that
Severance Payments are being made by the Company pursuant to Sections 4.4 and
5.1; provided, that if
the Company pays to the Employee the Severance Payments in a lump sum pursuant
to Section 5.2, the provisions of Section 6.3(a) shall remain in effect for the
period during which the Severance Payments would have otherwise been
made.

 

6.4    Injunction. It is
recognized and hereby acknowledged by the parties hereto that a breach by the
Employee of any of the covenants contained in Section 6.1, 6.2 or 6.3 of this
Agreement will cause irreparable harm and damage to the Company, the monetary
amount of which may be virtually impossible to ascertain. As a result, the
Employee recognizes and hereby acknowledges that the Company shall be entitled
to an injunction from any court of competent jurisdiction enjoining and
restraining any violation of any or all of the covenants contained in Section 6
of this Agreement by the Employee or any of his affiliates, associates, partners
or agents, either directly or indirectly, and that such right to injunction
shall be cumulative and in addition to whatever other remedies the Company may
possess.

 

7.    Entire
Agreement; No Conflicts With Existing Arrangements. No
agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are
not set forth expressly in this Agreement and this Agreement contains the entire
agreement, and supersedes any other agreement or understanding, between the
Company and the Employee relating to the Employee’s employment and any
compensation or benefits in respect thereof. The Employee represents and
warrants to the Company that he has reviewed any existing employment or
non-competition covenants with his prior employer, and that his employment by
the Company hereunder does not and will not conflict with or constitute a breach
or default under any of the terms or provisions thereof.

 

-9-

 

8.    Notices:
All
notices and other communications required or permitted under this Agreement
shall be in writing and will be either hand delivered in person, sent by
facsimile, sent by certified or registered first class mail, postage pre-paid,
or sent by nationally recognized express courier service. Such notices and other
communications will be effective upon receipt if hand delivered or sent by
facsimile, five (5) days after mailing if sent by mail, and one (l) day after
dispatch if sent by express courier, to the following addresses, or such other
addresses as any party may notify the other parties in accordance with this
Section:

 

If to the
Company:

800 West
Cypress Creek Road, Suite 580

Ft.
Lauderdale, Florida 33309

Attention:
Board of Directors

Facsimile:
(954) 739-3842

 

If to the
Employee:                                 
700 N.E.
28th Avenue

Pompano
Beach, FL 33062

Facsimile:
(954) 786-9701

9.    Successors
and Assigns.

 

(a)    This
Agreement is personal to the Employee and without the prior written consent of
the Company shall not be assignable by the Employee otherwise than by will or
the laws of descent and distribution. This Agreement shall inure to the benefit
of and be enforceable by the Employee’s legal representatives.

 

(b)    This
Agreement shall inure to the benefit of and be binding upon the Company and its
successors and assigns.

 

(c)    The
Company will require any successor (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of the Company to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform it if no such succession had taken place. As used in this
Agreement, “Company” shall
mean the Company and any successor to its business and/or assets which assumes
and agrees to perform this Agreement by operation of law or
otherwise.

 

10.    Severability. The
invalidity of any one or more of the words, phrases, sentences, clauses or
sections contained in this Agreement shall not affect the enforceability of the
remaining portions of this Agreement or any part thereof, all of which are
inserted conditionally on their being valid in law, and, in the event that any
one or more of the words, phrases, sentences, clauses or sections contained in
this Agreement shall be declared invalid, this Agreement shall be construed as
if such invalid word or words, phrase or phrases, sentence or sentences, clause
or clauses, or section or sections had not been inserted. If such invalidity is
caused by length of time or size of area, or both, the otherwise invalid
provision will be considered to be reduced to a period or area which would cure
such invalidity.

 

-10-

 

11.    Waivers. The
waiver by either party hereto of a breach or violation of any term or provision
of this Agreement shall not operate nor be construed as a waiver of any
subsequent breach or violation.

 

12.    Resolution
of Disputes; Damages. (a)
With the
exception of proceedings for equitable relief brought pursuant to Section 6.4 of
this Agreement or otherwise, any disputes arising under or in connection with
this Agreement, including, without limitation, any assertion by any party hereto
that the other party has breached any provision of this Agreement, shall be
resolved by arbitration, to be held in Ft. Lauderdale, Florida, in accordance
with the then current rules and procedures of the American Arbitration
Association. All costs, fees and expenses, excluding attorney fees incurred by
the Employee, of any arbitration in connection with this Agreement, which
arbitration results in any final decision of the arbitrator(s) requiring the
Company to make a payment to the Employee, shall be borne by, and be the
obligation of, the Company. Conversely, should the arbitration result in a final
decision of the arbitrator(s) in favor of the Company and not require the
Company to make payment to the Employee, then the Employee, in addition to all
other costs, fees and expenses, including attorney fees incurred by the Employee
in connection with such arbitration proceedings, shall also be required to
reimburse the Company for all costs, fees and expenses, excluding attorney fees
incurred by the Company in such proceedings. The obligation of the Company and
the Employee under this Section 12 shall survive the termination for any reason
of the Term (whether such termination is by the Company, by the Employee or upon
the expiration of the Term). Pending the outcome or resolution of any
arbitration commenced or brought in good faith by the Employee, the Company
shall continue payment and provision of the Base Salary and other compensation
and the benefits provided for Employee in this Agreement.

 

(b)    Nothing
contained herein shall be construed to prevent the Company or the Employee from
seeking and recovering from the other damages sustained by either or both of
them as a result of its or his breach of any term or provision of this
Agreement, except that the payment required to be made by the Company to the
Employee pursuant to Section 4.4 shall be the Employee’s exclusive remedy for
any termination of this Agreement pursuant to such section.

 

13.    No
Third Party Beneficiary. Nothing
expressed or implied in this Agreement is intended, or shall be construed, to
confer upon or give any person (other than the parties hereto and, in the case
of Employee, his heirs, personal representative(s) and/or legal representative)
any rights or remedies under or by reason of this Agreement.

 

14.    Governing
Law. This
Agreement shall be governed by and construed in accordance with the laws of the
State of Florida, without regard to principles of conflict of laws.

 

15.    Counterparts. This
Agreement may be executed in one or more counterparts and by the separate
parties hereto in separate counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
document.

 

-11-

 

IN
WITNESS WHEREOF, the undersigned have executed this Amended and Restated
Employment Agreement as of the Effective Date.

 

 

COMPANY:

 

STREICHER
MOBILE FUELING, INC.

 

 

By: 
/s/
Michael S. Shore

Michael
S. Shore, Chief Financial Officer

 

 

EMPLOYEE:

 

/s/
Richard E. Gathright

Richard
E. Gathright

-12-

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