Document:

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          ACQUISITION OF NUCLEAR MATERIAL DETECTION TECHNOLOGIES, INC.
                                       by
                     CARGO CONNECTION LOGISTICS HOLDING INC.
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                        AGREEMENT AND PLAN OF ACQUISITION

      This Agreement and Plan of Acquisition  (Agreement) is entered into by and
between Nuclear Material Detection  Technologies,  Inc., a Florida  corporation,
(NMDT), UTEK CORPORATION,  a Delaware corporation,  (UTEK), and Cargo Connection
Logistics Holding Inc., a Florida corporation, (CRGO)

      WHEREAS,  UTEK owns 100% of the  issued and  outstanding  shares of common
stock of NMDT (NMDT Shares); and

      WHEREAS,  before the Closing  Date,  NMDT will acquire the license for the
fields of use as described in the License  Agreement as described  and which are
attached hereto as part of Exhibit A and made a part of this Agreement  (License
Agreement) and the rights to develop and market a proprietary technology for the
fields of uses specified in the License Agreement (Technology).

      WHEREAS,  the parties desire to provide for the terms and conditions  upon
which NMDT will be acquired by CRGO in a stock-for-stock  exchange (Acquisition)
in  accordance  with  the  respective  corporation  laws of  their  state,  upon
consummation  of which all NMDT Shares will be owned by CRGO, and all issued and
outstanding  NMDT Shares will be  exchanged  for common stock of CRGO with terms
and conditions as set forth more fully in this Agreement; and

      WHEREAS,  for  federal  income  tax  purposes,  it is  intended  that  the
Acquisition  qualifies  within  the  meaning  of Section  368  (a)(1)(B)  of the
Internal Revenue Code of 1986, as amended (Code).

      NOW,  THEREFORE,  in  consideration of the premises and for other good and
valuable  consideration,  the receipt,  adequacy and sufficiency of which are by
this Agreement acknowledged, the parties agree as follows:

                                    ARTICLE 1
                         THE STOCK-FOR-STOCK ACQUISITION

      1.01 The Acquisition

            (a)  Acquisition  Agreement.  Subject to the terms and conditions of
this Agreement,  at the Effective Date, as defined below,  all NMDT Shares shall
be acquired from UTEK by CRGO in accordance with the respective corporation laws
of their state and the provisions of this  Agreement and the separate  corporate
existence of NMDT, as a  wholly-owned  subsidiary of CRGO,  shall continue after
the closing.

            (b)  Effective   Date.  The  Acquisition   shall  become   effective
(Effective  Date)  upon the  execution  of this  Agreement  and  closing  of the
transaction.

                                  Page 1 of 46
<PAGE>

      1.02  Exchange  of  Stock.  At  the  Effective  Date,  by  virtue  of  the
Acquisition,  all of the NMDT  Shares  that are  issued and  outstanding  at the
Effective Date shall be exchanged for the issuance of  168,539,326  unregistered
shares of common stock of CRGO to UTEK.

      1.03 Effect of Acquisition.

            (a) Rights in NMDT Cease. At and after the Effective Date, UTEK, the
sole shareholder of each certificate of common stock of NMDT shall cease to have
any rights as a shareholder of NMDT.

            (b) Closure of NMDT  Shares  Records.  From and after the  Effective
Date, the stock  transfer  books of NMDT shall be closed,  and there shall be no
further registration of stock transfers on the records of NMDT.

      1.04 Closing.  Subject to the terms and conditions of this Agreement,  the
Closing of the Acquisition shall take place December 6, 2006.

                                    ARTICLE 2
                         REPRESENTATIONS AND WARRANTIES

      2.01  Representations  and  Warranties  of UTEK  and  NMDT.  UTEK and NMDT
represent  and  warrant  to CRGO that the  facts  set  forth  below are true and
correct:

            (a)  Organization.  NMDT and UTEK are  corporations  duly organized,
validly existing and in good standing under the laws of their respective  states
of  incorporation,  and they have the  requisite  power and authority to conduct
their business and consummate the  transactions  contemplated by this Agreement.
True,  correct and complete copies of the articles of incorporation,  bylaws and
all corporate  minutes of NMDT have been provided to CRGO and such documents are
presently in effect and have not been amended or modified.

            (b)   Authorization.   The  execution  of  this  Agreement  and  the
consummation of the Acquisition and the other transactions  contemplated by this
Agreement have been duly  authorized by the board of directors and  shareholders
of NMDT and the board of directors  of UTEK;  no other  corporate  action by the
respective  parties is necessary in order to execute,  deliver,  consummate  and
perform  their  respective  obligations  hereunder;  and NMDT and UTEK  have all
requisite  corporate and other  authority to execute and deliver this  Agreement
and consummate the transactions contemplated by this Agreement.

            (c)  Capitalization.  The  authorized  capital of NMDT  consists  of
1,000,000 shares of common stock with a par value $.01 per share. At the date of
this Agreement, 1,000 NMDT Shares are issued and outstanding.

All issued and outstanding NMDT Shares have been duly and validly issued and are
fully paid and  non-assessable  shares and have not been issued in  violation of
any preemptive or other rights of any other person or any applicable  laws. NMDT
is not  authorized  to issue any preferred  stock.  All dividends on NMDT Shares
which have been declared  prior to the date of this  Agreement have been paid in
full. There are no outstanding options,  warrants,  commitments,  calls or other
rights  or  agreements  requiring  NMDT to issue any NMDT  Shares or  securities
convertible  into NMDT Shares to anyone for any reason  whatsoever.  None of the
NMDT Shares is subject to any change, claim, condition,  interest, lien, pledge,
option,  security  interest or other  encumbrance or restriction,  including any
restriction on use, voting, transfer, receipt of income or exercise of any other
attribute of ownership.

                                  Page 2 of 46
<PAGE>

            (d)  Binding  Effect.  The  execution,   delivery,  performance  and
consummation   of  this  Agreement,   the   Acquisition  and  the   transactions
contemplated  by this Agreement will not violate any obligation to which NMDT or
UTEK is a party and will not create a default under any such obligation or under
any  agreement to which NMDT or UTEK is a party.  This  Agreement  constitutes a
legal, valid and binding obligation of NMDT,  enforceable in accordance with its
terms,  except as the  enforcement  may be  limited by  bankruptcy,  insolvency,
moratorium,  or similar laws affecting  creditor's  rights  generally and by the
availability  of injunctive  relief,  specific  performance  or other  equitable
remedies.

            (e)  Litigation  Relating  to this  Agreement.  There  are no suits,
actions or  proceedings  pending  or, to the best of NMDT and UTEK's  knowledge,
information and belief, threatened,  which seek to enjoin the Acquisition or the
transactions  contemplated  by this  Agreement or which,  if adversely  decided,
would have a materially  adverse effect on the business,  results of operations,
assets or prospects of NMDT.

            (f) No Conflicting Agreements. Neither the execution and delivery of
this  Agreement  nor the  fulfillment  of or compliance by NMDT or UTEK with the
terms or  provisions  of this  Agreement  nor all other  documents or agreements
contemplated  by  this  Agreement  and  the   consummation  of  the  transaction
contemplated by this Agreement will result in a breach of the terms,  conditions
or provisions  of, or constitute a default  under,  or result in a violation of,
NMDT or UTEK's articles of incorporation or bylaws, the Technology,  the License
Agreement, or any agreement,  contract, instrument, order, judgment or decree to
which  NMDT  or  UTEK  is a party  or by  which  NMDT  or  UTEK or any of  their
respective assets is bound, or violate any provision of any applicable law, rule
or  regulation  or any  order,  decree,  writ  or  injunction  of any  court  or
government   entity  which  materially   affects  their  respective   assets  or
businesses.

            (g) Consents. No consent from or approval of any court, governmental
entity or any  other  person is  necessary  in  connection  with  execution  and
delivery of this Agreement by NMDT and UTEK or performance of the obligations of
NMDT and UTEK hereunder or under any other  agreement to which NMDT or UTEK is a
party; and the  consummation of the transactions  contemplated by this Agreement
will not  require  the  approval of any entity or person in order to prevent the
termination  of the  Technology,  the License  Agreement,  or any other material
right,  privilege,  license  or  agreement  relating  to NMDT or its  assets  or
business.

            (h)  Title to  Assets.  NMDT  has or has  agreed  to enter  into the
agreements  as listed on Exhibit A attached  hereto.  These  agreements  and the
assets shown on the balance  sheet of attached  Exhibit B are the sole assets of
NMDT.  NMDT has or will by Closing  Date have good and  marketable  title to its
assets,  free and  clear of all  liens,  claims,  charges,  mortgages,  options,
security agreements and other encumbrances of every kind or nature whatsoever.

            (i) Intellectual Property

                  (1) The  Washington  Savannah  River  Company  (WSRC) owns the
Technology and has all right, power,  authority and ownership and entitlement to
file,  prosecute and maintain in effect the Patent  application  with respect to
the Inventions listed in Exhibit A hereto.

                  (2) The License  Agreement  between WSRC and NMDT covering the
Inventions will be legal,  valid,  binding and will be enforceable in accordance
with its terms as contained in Exhibit A.

                  (3)  Except as  otherwise  set forth in this  Agreement,  CRGO
acknowledges  and  understands  that NMDT and UTEK make no  representations  and
provide  no  assurances  that the  rights  to the  Technology  and  Intellectual
Property  contained in the License Agreement do not, and will not in the future,
infringe or otherwise violate the rights of third parties, and

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<PAGE>

                  (4) Except as otherwise expressly set forth in this Agreement,
NMDT and UTEK make no  representations  and  extend no  warranties  of any kind,
either  express  or  implied,  including,  but  not  limited  to  warranties  of
merchantability, fitness for a particular purpose, non-infringement and validity
of the Intellectual Property.

            (j)  Liabilities  of NMDT.  NMDT has no assets,  no  liabilities  or
obligations  of any kind,  character or  description  except those listed on the
attached schedules and exhibits.

            (k)  Financial  Statements.  The unaudited  financial  statements of
NMDT,  including a balance sheet,  attached as Exhibit B and made a part of this
Agreement, are, in all respects,  complete and correct and present fairly NMDT's
financial  position and the results of its  operations  on the dates and for the
periods  shown in this  Agreement;  provided,  however,  that interim  financial
statements are subject to customary  year-end  adjustments and accruals that, in
the aggregate,  will not have a material adverse effect on the overall financial
condition or results of its operations. NMDT has not engaged in any business not
reflected  in its  financial  statements.  There have been no  material  adverse
changes in the  nature of its  business,  prospects,  the value of assets or the
financial  condition since the date of its financial  statements.  There are no,
and on the Closing Date there will be no, outstanding obligations or liabilities
of NMDT except as  specifically  set forth in the financial  statements  and the
other attached schedules and exhibits.  There is no information known to NMDT or
UTEK that would prevent the  financial  statements of NMDT from being audited in
accordance with generally accepted accounting principles.

            (l)  Taxes.  All  returns,  reports,  statements  and other  similar
filings required to be filed by NMDT with respect to any federal,  state,  local
or foreign taxes,  assessments,  interests,  penalties,  deficiencies,  fees and
other  governmental  charges  or  impositions  have been  timely  filed with the
appropriate governmental agencies in all jurisdictions in which such tax returns
and  other  related  filings  are  required  to be filed;  all such tax  returns
properly reflect all liabilities of NMDT for taxes for the periods,  property or
events  covered by this  Agreement;  and all taxes,  whether or not reflected on
those tax  returns,  and all  taxes  claimed  to be due from NMDT by any  taxing
authority,  have been properly  paid,  except to the extent  reflected on NMDT's
financial  statements,  where NMDT has  contested  in good faith by  appropriate
proceedings  and reserves have been  established on its financial  statements to
the full extent if the  contest is  adversely  decided  against it. NMDT has not
received any notice of assessment or proposed  assessment in connection with any
tax returns, nor is NMDT a party to or to the best of its knowledge, expected to
become a party to any pending or threatened action or proceeding,  assessment or
collection  of taxes.  NMDT has not  extended or waived the  application  of any
statute  of  limitations  of  any  jurisdiction   regarding  the  assessment  or
collection  of any  taxes.  There are no tax liens  (other  than any lien  which
arises by operation of law for current  taxes not yet due and payable) on any of
its assets. There is no basis for any additional  assessment of taxes,  interest
or penalties. NMDT has made all deposits required by law to be made with respect
to  employees'   withholding  and  other  employment  taxes,  including  without
limitation  the portion of such  deposits  relating to taxes  imposed upon NMDT.
NMDT is not and has never been a party to any tax  sharing  agreements  with any
other person or entity.

            (m) Absence of Certain Changes or Events.  From the date of the full
execution  of the Term Sheet until the Closing  Date,  NMDT has not, and without
the written consent of CRGO, it will not have:

                  (1) Sold,  encumbered,  assigned let lapsed or transferred any
of its material assets,  including without limitation the Intellectual Property,
the License Agreement or any other material asset;

                                  Page 4 of 46
<PAGE>

                  (2)  Amended or  terminated  the  License  Agreement  or other
material  agreement  or done any act or omitted to do any act which  would cause
the breach of the License Agreement or any other material agreement;

                  (3) Suffered any damage, destruction or loss whether or not in
control of NMDT;

                  (4)  Made  any   commitments   or   agreements   for   capital
expenditures or otherwise;

                  (5) Entered into any  transaction  or made any  commitment not
disclosed to CRGO;

                  (6) Incurred any material obligation or liability for borrowed
money;

                  (7)  Suffered  any  other  event  of any  character,  which is
reasonable to expect,  would adversely affect the future condition (financial or
otherwise) assets or liabilities or business of NMDT; or

                  (8) Taken any action,  which could  reasonably  be foreseen to
make any of the  representations or warranties made by NMDT or UTEK untrue as of
the date of this Agreement or as of the Closing Date.

            (n)  Material  Agreements.  Exhibit A  attached  contains a true and
complete list of all  contemplated  and executed  agreements  between NMDT and a
WSRC. A complete and accurate  copy of all material  agreements,  contracts  and
commitments  of the following  types,  whether  written or oral to which it is a
party or is bound (Contracts), has been provided to CRGO and such agreements are
or will be at the Closing Date, in full force and effect  without  modifications
or amendment and constitute the legally valid and binding obligations of NMDT in
accordance  with  their  respective  terms  and will  continue  to be valid  and
enforceable  following  the  Acquisition.  NMDT is not in  default of any of the
Contracts. In addition:

                  (1)  There  are  no  outstanding   unpaid   promissory  notes,
mortgages,  indentures,  deed of trust, security agreements and other agreements
and instruments relating to the borrowing of money by or any extension of credit
to NMDT; and

                  (2)  There  are no  outstanding  operating  agreements,  lease
agreements or similar agreements by which NMDT is bound; and

                  (3) The complete  final drafts of the License  Agreement  have
been provided to CRGO; and

                  (4) Except as set forth in (3) above, there are no outstanding
licenses to or from others of any intellectual property and trade names; and

                  (5) There are no  outstanding  agreements  or  commitments  to
sell, lease or otherwise dispose of any of NMDT's property; and

                  (6) There are no breaches of any  agreement to which NMDT is a
party.

            (o) Compliance  with Laws. NMDT is in compliance with all applicable
laws, rules,  regulations and orders promulgated by any federal,  state or local
government body or agency relating to its business and operations.

                                  Page 5 of 46
<PAGE>

            (p)  Litigation.  There  is no  suit,  action  or  any  arbitration,
administrative,  legal or other  proceeding  of any  kind or  character,  or any
governmental  investigation  pending or to the best  knowledge  of NMDT or UTEK,
threatened  against NMDT, the Technology,  or License  Agreement,  affecting its
assets or business  (financial  or  otherwise),  and neither NMDT nor UTEK is in
violation of or in default with respect to any judgment,  order, decree or other
finding of any court or government authority relating to the assets, business or
properties of NMDT or the transactions contemplated hereby. There are no pending
or  threatened   actions  or  proceedings   before  any  court,   arbitrator  or
administrative agency, which would, if adversely determined,  individually or in
the aggregate, materially and adversely affect the assets or business of NMDT or
the transactions contemplated.

            (q) Employees.  NMDT has no and never had any employees. NMDT is not
a party to or bound by any  employment  agreement or any  collective  bargaining
agreement  with respect to any  employees.  NMDT is not in violation of any law,
regulation relating to employment of employees.

            (r) Adverse  Effect.  Neither NMDT nor UTEK has any knowledge of any
or threatened  existing  occurrence,  action or  development  that could cause a
material adverse effect on NMDT or its business,  assets or condition (financial
or otherwise) or prospects.

            (s) Employee  Benefit Plans.  NMDT states that there are no and have
never been any employee  benefit  plans,  and there are no commitments to create
any,  including  without  limitation  as such term is  defined  in the  Employee
Retirement Income Security Act of 1974, as amended,  in effect, and there are no
outstanding  or un-funded  liabilities  nor will the execution of this Agreement
and the actions  contemplated  in this  Agreement  result in any  obligation  or
liability to any present or former employee.

            (t) Books and  Records.  The books and records of NMDT are  complete
and  accurate  in  all  material  respects,  fairly  present  its  business  and
operations, have been maintained in accordance with good business practices, and
applicable legal  requirements,  and accurately reflect in all material respects
its business, financial condition and liabilities.

            (u) No  Broker's  Fees.  Neither  UTEK  nor NMDT  has  incurred  any
investment banking,  advisory or other similar fees or obligations in connection
with this Agreement or the transactions contemplated by this Agreement.

            (v) Full Disclosure.  All  representations or warranties of UTEK and
NMDT are true,  correct and complete in all material respects to the best of our
knowledge on the date of this Agreement and shall be true,  correct and complete
in all  material  respects as of the  Closing  Date as if they were made on such
date.  No  statement  made by them in this  Agreement or in the exhibits to this
Agreement or any document  delivered by them or on their behalf pursuant to this
Agreement  contains an untrue  statement of material  fact or omits to state all
material facts necessary to make the statements in this Agreement not misleading
in any material respect in light of the circumstances in which they were made.

      2.02  Representations and Warranties of CRGO. CRGO represents and warrants
to UTEK and NMDT that the facts set forth are true and correct.

            (a)  Organization.  CRGO is a corporation  duly  organized,  validly
existing  and in good  standing  under the laws of Florida,  is  qualified to do
business as a foreign corporation in other jurisdictions in which the conduct of
its business or the ownership of its properties require such qualification,  and
have all  requisite  power and  authority  to conduct its  business  and operate
properties.

                                  Page 6 of 46
<PAGE>

            (b)   Authorization.   The  execution  of  this  Agreement  and  the
consummation of the Acquisition and the other transactions  contemplated by this
Agreement have been duly  authorized by the board of directors of CRGO; no other
corporate  action on their  respective  parts is  necessary in order to execute,
deliver,  consummate and perform their obligations hereunder;  and they have all
requisite  corporate and other  authority to execute and deliver this  Agreement
and consummate the transactions contemplated by this Agreement.

            (c)  Capitalization.  The  authorized  capital of CRGO  consists  of
5,000,000,000  (5 Billion)  shares of common  stock with a par value  $0.001 per
share  (CRGO  Common  Shares)  and  on the  Effective  Date  of the  Acquisition
1,058,915,827CRGO  Shares (which will include the 168,539,326 CRGO Common Shares
issued at the closing of the Acquisition)  will be issued and  outstanding.  All
issued and  outstanding  CRGO Shares  have been duly and validly  issued and are
fully paid and  non-assessable  shares and have not been issued in  violation of
any preemptive or other rights of any other person or any applicable laws.

            (d) Anti Dilution Adjustments.  UTEK currently owns 4,838,710 common
shares of CRGO and will be  acquiring  an  additional  168,539,326  unregistered
shares of CRGO totaling 173,378,036 unregistered shares; and based on a total of
1,058,915,827issued  and outstanding  after the issuance of the shares set forth
herein and this will represent a 16.3% ownership  position in CRGO shares. For a
period of twelve months from the date of this Agreement, the aggregate number of
shares of Stock that UTEK has received shall be adjusted  proportionately by the
Board of Directors of CRGO for any increase in the number of outstanding  shares
of CRGO Stock  resulting from the issuance of any additional  equity  securities
(in excess of  100,000,000  CRGO shares) by the Company to any of its  principal
executive  management  team.   Notwithstanding  the  above,  this  anti-dilutive
provision  will not apply to the  issuance of any shares of CRGO stock issued as
compensation  to the Company's  management or members of its board of directors.
In addition,  a maximum of  270,000,000  shares will be excluded due to the SB-2
registration statement that has previously been filed with the SEC and is in the
review process.  David Quach,  President of the International  Division of Cargo
Connection  Logistics is excluded up to a maximum of 360,000,000 CRGO shares due
to an existing performance compensation plan.

            (e)  Binding  Effect.  The  execution,   delivery,  performance  and
consummation  of the  Acquisition  and  the  transactions  contemplated  by this
Agreement  will not violate any obligation to which CRGO is a party and will not
create a default  hereunder,  and this Agreement  constitutes a legal, valid and
binding obligation of CRGO,  enforceable in accordance with its terms, except as
the enforcement may be limited by bankruptcy, insolvency, moratorium, or similar
laws affecting creditor's rights generally and by the availability of injunctive
relief, specific performance or other equitable remedies.

            (f)  Litigation  Relating  to this  Agreement.  There  are no suits,
actions or  proceedings  pending or to its  knowledge  threatened  which seek to
enjoin the  Acquisition or the  transactions  contemplated  by this Agreement or
which,  if  adversely  decided,  would have a materially  adverse  effect on its
business,  results  of  operations,  assets,  prospects  or the  results  of its
operations of CRGO.

            (g) No Conflicting Agreements. Neither the execution and delivery of
this  Agreement nor the  fulfillment  of or compliance by CRGO with the terms or
provisions of this Agreement will result in a breach of the terms, conditions or
provisions of, or constitute  default under,  or result in a violation of, their
respective corporate charters or bylaws, or any agreement, contract, instrument,
order,  judgment  or  decree to which it is a party or by which it or any of its
assets are bound,  or violate  any  provision  of any  applicable  law,  rule or
regulation or any order, decree, writ or injunction of any court or governmental
entity which materially affects its assets or business.

                                  Page 7 of 46
<PAGE>

            (h)  Consents.   Assuming  the   correctness   of  UTEK  and  NMDT's
representations,  no consent from or approval of any court,  governmental entity
or any other person is necessary in  connection  with its execution and delivery
of this Agreement; and the consummation of the transactions contemplated by this
Agreement  will not  require  the  approval  of any entity or person in order to
prevent the termination of any material right,  privilege,  license or agreement
relating to CRGO or its assets or business.

            (i)  Financial  Statements.  The  unaudited  and  audited  financial
statements  of CRGO set forth in its  filings  with the SEC  present  fairly its
financial  position and the results of its  operations  on the dates and for the
periods  shown in this  Agreement;  provided,  however,  that interim  financial
statements are subject to customary  year-end  adjustments and accruals that, in
the aggregate,  will not have a material adverse effect on the overall financial
condition or results of its operations. CRGO has not engaged in any business not
reflected  in its  financial  statements.  There have been no  material  adverse
changes in the  nature of its  business,  prospects,  the value of assets or the
financial  condition  since the date of its financial  statements.  There are no
outstanding  obligations or liabilities of CRGO except as specifically set forth
in the CRGO financial statements.

            (j) Full Disclosure.  All  representations or warranties of CRGO are
true,  correct  and  complete  in all  material  respects  on the  date  of this
Agreement and shall be true, correct and complete in all material respects as of
the Closing Date as if they were made on such date. No statement made by them in
this Agreement or in the exhibits to this Agreement or any document delivered by
them or on their behalf pursuant to this Agreement  contains an untrue statement
of material  fact or omits to state all  material  facts  necessary  to make the
statements in this Agreement not misleading in any material  respect in light of
the circumstances in which they were made.

            (k) Compliance  with Laws. CRGO is in compliance with all applicable
laws, rules,  regulations and orders promulgated by any federal,  state or local
government body or agency relating to its business and operations.

            (l)  Litigation.  Except  as set  forth on the  schedules  set forth
herein  (attached  as Exhibit E), there is no suit,  action or any  arbitration,
administrative,  legal or other  proceeding  of any  kind or  character,  or any
governmental investigation pending or, to the best knowledge of CRGO, threatened
against  CRGO  materially   affecting  its  assets  or  business  (financial  or
otherwise),  and CRGO is not in  violation  of or in default with respect to any
judgment,  order, decree or other finding of any court or government  authority.
There are no pending or  threatened  actions  or  proceedings  before any court,
arbitrator  or  administrative  agency,  which would,  if adversely  determined,
individually or in the aggregate,  materially and adversely affect its assets or
business. CRGO has no knowledge of any existing or threatened occurrence, action
or  development  that  could  cause a  material  adverse  affect  on CRGO or its
business, assets or condition (financial or otherwise) or prospects.

            (m) Development.  CRGO agrees and warrants that it has the expertise
necessary  to  and  has  had  the  opportunity  to  independently  evaluate  the
inventions of the Licensed Technology and develop same for the market.

            (n)  Investment  Company  Status CRGO is not an investment  company,
either registered or unregistered.

      2.03 Investment  Representations  of UTEK. UTEK represents and warrants to
CRGO that:

            (a) General.  It has such  knowledge and experience in financial and
business  matters  as to be  capable  of  evaluating  the risks and merits of an
investment in CRGO Shares  pursuant to the  Acquisition.  It is able to bear the
economic risk of the  investment  in CRGO Shares,  including the risk of a total
loss of the investment in CRGO Shares. The acquisition of CRGO Shares is for its
own account and is for  investment  and not with a view to the  distribution  of
this  Agreement.  Except a permitted  by law, it has a no present  intention  of
selling, transferring or otherwise disposing in any way of all or any portion of
the shares at the present time. All information  that it has supplied to CRGO is
true  and  correct.  It has  conducted  all  investigations  and  due  diligence
concerning  CRGO to evaluate  the risks  inherent in  accepting  and holding the
shares  which it  deems  appropriate,  and it has  found  all  such  information
obtained  fully  acceptable.  It has had an  opportunity to ask questions of the
officer  and  directors  of CRGO  concerning  CRGO Shares and the  business  and
financial condition of and prospects for CRGO, and the officers and directors of
CRGO  have  adequately  answered  all  questions  asked  and made  all  relevant
information  available to them. UTEK is an accredited  investor,  as the term is
defined in  Regulation  D,  promulgated  under the  Securities  Act of 1933,  as
amended, and the rules and regulations thereunder.

                                  Page 8 of 46
<PAGE>

            (b) Stock Transfer  Restrictions.  UTEK  acknowledges  that the CRGO
Shares  will  not be  registered  and  UTEK  will  not be  permitted  to sell or
otherwise  transfer the CRGO Shares in any transaction in  contravention  of the
following legend, which will be imprinted in substantially the following form on
the stock certificate representing CRGO Shares:

THE SECURITIES  REPRESENTED BY THIS  CERTIFICATE  HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES  ACT OF 1933, AS AMENDED (THE ACT), OR UNDER THE SECURITIES  LAWS
OF ANY STATE.  THESE  SECURITIES  MAY NOT BE SOLD,  OFFERED FOR SALE,  ASSIGNED,
TRANSFERRED OR OTHERWISE DISPOSED OF UNLESS REGISTERED PURSUANT TO THE PROVISION
OF THE ACT AND THE LAWS OF SUCH STATES UNDER WHOSE LAWS A TRANSFER OF SECURITIES
WOULD BE SUBJECT TO A  REGISTRATION  REQUIREMENT,  UNLESS UTEK  CORPORATION  HAS
OBTAINED AN OPINION OF COUNSEL  STATING THAT SUCH  DISPOSITION  IS IN COMPLIANCE
WITH AN AVAILABLE EXEMPTION FROM SUCH REGISTRATION.

            (c) Legend.  Subject to Rule 144  restrictions,  12 months following
the stock  acquisition  described  herein,  CRGO agrees to and shall  direct its
transfer  agent to remove the above  legend upon the  issuance  by UTEK's  legal
counsel that the above legend can be removed from UTEK's shares.  CRGO agrees to
and promptly shall provide any  information  requested by UTEK or UTEK's counsel
and to make  further  direction  to its  transfer  agent as  necessary  for such
issuance  of an  opinion  regarding  removal  of the  legend or the sale of such
restricted shares under Rule 144 or other available exemption from registration.
A letter  affecting  the  issuance of the  certificate  without the  restrictive
legend one year from the date of closing is attached as Exhibit D.

            (d) Failure to Remove Legend. In the event that CRGO fails to direct
its transfer  agent to remove the legend within  fifteen (15) days of request by
UTEK,  CRGO shall be liable to an  additional  fee of ten  percent  (10%) of the
current  value of the shares held by UTEK,  as well as any and all attorney fees
and costs  that UTEK may  incur as a result  of CRGO  failing  to comply in this
request.

            (e)  Stock  Transfer   Restrictions.   UTEK  will  have  "piggyback"
registration  rights  for  all of the  common  shares  it will  receive  in this
transaction. Notwithstanding the above, UTEK agrees that its shares shall not be
registered in the SB-2 Registration  Statement  currently filed with the SEC and
in the review process.

                                  Page 9 of 46
<PAGE>

                                    ARTICLE 3
                          TRANSACTIONS PRIOR TO CLOSING

      3.01.  Corporate  Approvals.  Prior to Closing  Date,  each of the parties
shall submit this  Agreement to its board of directors and when  necessary,  its
respective  shareholders  and  obtain  approval  of this  Agreement.  Copies  of
corporate actions taken shall be provided to each party.

      3.02 Access to Information.  Each party agrees to permit,  upon reasonable
notice,  the  attorneys,  accountants,  and other  representatives  of the other
parties reasonable access during normal business hours to its properties and its
books and records to make reasonable investigations with respect to its affairs,
and to make its officers and employees available to answer questions and provide
additional information as reasonably requested.

      3.03  Expenses.  Each party agrees to bear its own expenses in  connection
with the  negotiation and  consummation of the Acquisition and the  transactions
contemplated by this Agreement.

      3.04 Covenants.  Except as permitted in writing, each party agrees that it
will:

            (a) Use its good faith  efforts to obtain  all  requisite  licenses,
permits, consents, approvals and authorizations necessary in order to consummate
the Acquisition; and

            (b) Notify the other parties upon the  occurrence of any event which
would have a materially  adverse effect upon the Acquisition or the transactions
contemplated  by this  Agreement  or upon the  business,  assets or  results  of
operations; and

            (c) Not modify  its  corporate  structure,  except as  necessary  or
advisable  in  order  to  consummate  the  Acquisition   and  the   transactions
contemplated by this Agreement.

                                    ARTICLE 4
                              CONDITIONS PRECEDENT

      The  obligation  of the  parties to  consummate  the  Acquisition  and the
transactions  contemplated  by  this  Agreement  are  subject  to the  following
conditions that may be waived, to the extent permitted by law:

      4.01.  Each party must obtain the approval of its board of  directors  and
such approval shall not have been rescinded or restricted.

      4.02. Each party shall obtain all requisite licenses,  permits,  consents,
authorizations  and  approvals  required to  complete  the  Acquisition  and the
transactions contemplated by this Agreement.

      4.03.  There shall be no claim or  litigation  instituted or threatened in
writing by any person or  government  authority  seeking to restrain or prohibit
any of the contemplated transactions contemplated by this Agreement or challenge
the right, title and interest of UTEK in the NMDT Shares or the right of NMDT or
UTEK to consummate the Acquisition contemplated hereunder.

      4.04. The  representations and warranties of the parties shall be true and
correct in all material respects at the Effective Date.

      4.05. The Technology and Intellectual Property has been prosecuted in good
faith with reasonable diligence.

                                 Page 10 of 46
<PAGE>

      4.06. To the best  knowledge of UTEK and NMDT,  the License  Agreement are
valid and in full force and effect without any default in this Agreement.

      4.07. CRGO shall have received,  at or within 5 days of Closing Date, each
of the following:

            (a) the  stock  certificates  representing  the  NMDT  Shares,  duly
endorsed  (or   accompanied   by  duly  executed   stock  powers)  by  UTEK  for
cancellation;

            (b) all documentation relating to NMDT's business, all in a form and
substance satisfactory to CRGO;

            (c) such agreements,  files and other data and documents  pertaining
to NMDT's business as CRGO may reasonably request;

            (d) copies of the general  ledgers and books of account of NMDT, and
all federal, state and local income,  franchise,  property and other tax returns
filed by NMDT since the inception of NMDT;

            (e)  certificates  of (i) the  Secretary  of State  of the  State of
Florida as to the legal existence and good standing,  as applicable,  (including
tax) of NMDT in Florida;

            (f) the  original  corporate  minute  books of NMDT,  including  the
articles of  incorporation  and bylaws of NMDT, and all other documents filed in
this Agreement;

            (g) all consents,  assignments or related documents of conveyance to
give CRGO the benefit of the transactions contemplated hereunder;

            (h) such  documents as may be needed to accomplish the Closing under
the corporate laws of the states of incorporation of CRGO and NMDT, and

            (i) such other  documents,  instruments or  certificates as CRGO, or
their counsel may reasonably request.

      4.08.  CRGO shall have  completed due diligence  investigation  of NMDT to
CRGO's satisfaction in their sole discretion.

      4.09.  CRGO shall  receive the  resignation  effective the Closing Date of
each director and officer of NMDT.

                                    ARTICLE 5
                    INDEMNIFICATION AND LIABILITY LIMITATION

      5.01. Survival of Representations and Warranties.

            (a) The  representations  and warranties made by UTEK and NMDT shall
survive for a period of 1 year after the Closing Date,  and  thereafter all such
representation  and  warranties  shall be  extinguished,  except with respect to
claims then pending for which specific  notice has been given during such 1-year
period.

                                 Page 11 of 46
<PAGE>

            (b) The  representations  and warranties  made by CRGO shall survive
for a  period  of 1 year  after  the  Closing  Date,  and  thereafter  all  such
representations  and warranties  shall be  extinguished,  except with respect to
claims then pending for which specific  notice has been given during such 1-year
period.

      5.02  Limitations on Liability.  CRGO agrees that UTEK shall not be liable
under  this  agreement  to CRGO or  their  respective  successor's,  assigns  or
affiliates  except where  damages  result  directly  from the gross  negligence,
willful  misconduct or breach of any of the  representations  and  warranties of
UTEK or its employees. CRGO shall indemnify UTEK, and hold UTEK harmless against
any and all  claims  by  third  parties  for  losses,  damages  or  liabilities,
including  reasonable  attorneys  fees and expenses  ("Losses"),  arising in any
manner out of or in connection with the rendering of services by UTEK under this
Agreement,  unless it is finally judicially determined that such Losses resulted
from  the  gross  negligence,  willful  misconduct  or  breach  of  any  of  the
representation  and warranties  made by UTEK. The terms of this paragraph  shall
survive the  termination  of this  agreement and shall apply to any  controlling
person, director, officer, employee or affiliate of UTEK.

      UTEK agrees that CRGO shall not be liable under this  agreement to UTEK or
their respective successor's,  assigns or affiliates except where damages result
directly from the gross negligence,  willful  misconduct or breach of any of the
representations  and warranties of CRGO or its employees.  UTEK shall  indemnify
CRGO,  and hold CRGO  harmless  against any and all claims by third  parties for
losses, damages or liabilities, including reasonable attorneys fees and expenses
("Losses"),  arising in any manner out of or in connection with the rendering of
services  by  CRGO  under  this  Agreement,  unless  it  is  finally  judicially
determined  that  such  Losses  resulted  from  the  gross  negligence,  willful
misconduct or breach of any of the  representation  and warranties made by CRGO.
The terms of this paragraph  shall survive the termination of this agreement and
shall apply to any controlling person, director,  officer, employee or affiliate
of CRGO.

                                    ARTICLE 6
                                    REMEDIES

      6.01 Specific  Performance.  Each party's obligations under this Agreement
are unique. If any party should default in its obligations under this agreement,
the parties each acknowledge that it would be extremely impracticable to measure
the resulting damages. Accordingly, the non-defaulting party, in addition to any
other available rights or remedies,  may sue in equity for specific performance,
and the parties each  expressly  waive the defense that a remedy in damages will
be adequate.

      6.02 Costs. If any legal action or any arbitration or other  proceeding is
brought for the enforcement of this agreement or because of an alleged  dispute,
breach,  default, or  misrepresentation in connection with any of the provisions
of this  agreement,  the  successful  or  prevailing  party or parties  shall be
entitled to recover reasonable  attorneys' fees and other costs incurred in that
action or proceeding, in addition to any other relief to which it or they may be
entitled.

                                   ARTICLE 7
                                  ARBITRATION

      In the event a dispute arises with respect to the interpretation or effect
of this Agreement or concerning the rights or obligations of the parties to this
Agreement,  the  parties  agree  to  negotiate  in good  faith  with  reasonable
diligence in an effort to resolve the dispute in a mutually  acceptable  manner.
Failing to reach a  resolution  of this  Agreement,  either party shall have the
right to submit the dispute to be settled by  arbitration  under the  Commercial
Rules of Arbitration of the American Arbitration Association.  The parties agree
that,  unless the parties mutually agree to the contrary such arbitration  shall
be conducted in Tampa,  Florida.  The cost of arbitration  shall be borne by the
party against whom the award is rendered or, if in the interest of fairness,  as
allocated  in  accordance  with the judgment of the  arbitrators.  All awards in
arbitration  made in good faith and not infected with fraud or other  misconduct
shall be final and binding. The arbitrators shall be selected as follows: one by
CRGO,  one by  UTEK  and a third  by the two  selected  arbitrators.  The  third
arbitrator shall be the chairman of the panel.

                                 Page 12 of 46
<PAGE>

                                    ARTICLE 8
                                  MISCELLANEOUS

      8.01. No party may assign this  Agreement or any right or obligation of it
hereunder  without  the  prior  written  consent  of the other  parties  to this
Agreement.  No permitted  assignment  shall  relieve a party of its  obligations
under this Agreement without the separate written consent of the other parties.

      8.02. This Agreement shall be binding upon and inure to the benefit of the
parties and their respective permitted successors and assigns.

      8.03.  Each party  agrees that it will comply  with all  applicable  laws,
rules and regulations in the execution and performance of its obligations  under
this Agreement.

      8.04. This Agreement shall be governed by and construct in accordance with
the laws of the State of Florida  without  regard to  principles of conflicts of
law.

      8.05. This document  constitutes a complete and entire agreement among the
parties with reference to the subject  matters set forth in this  Agreement.  No
statement or  agreement,  oral or written,  made prior to or at the execution of
this  Agreement and no prior course of dealing or practice by either party shall
vary or modify the terms set forth in this  Agreement  without the prior consent
of the other parties to this Agreement.  This Agreement may be amended only by a
written document signed by the parties.

      8.06.  Notices or other  communications  required to be made in connection
with  this  Agreement  shall be sent by U.S.  mail,  certified,  return  receipt
requested,  personally  delivered  or  sent  by  express  delivery  service  and
delivered  to the  parties  at the  addresses  set forth  below or at such other
address  as may be  changed  from time to time by giving  written  notice to the
other parties.

      8.07.  The  invalidity  or  unenforceability  of  any  provision  of  this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement.

      8.08.  This  Agreement may be executed in multiple  counterparts,  each of
which shall constitute one and a single Agreement.

      8.09 Any facsimile signature of any part to this Agreement or to any other
agreement or document executed in connection of this Agreement should constitute
a legal, valid and binding execution by such parties.

                                 Page 13 of 46
<PAGE>

                       (Signatures on the following page)

                                 Page 14 of 46
<PAGE>

CARGO CONNECTION LOGISTICS                  NUCLEAR MATERIAL DETECTION
HOLDING INC.                                TECHNOLOGIES, INC.

By: /s/ Jesse Dobrinsky                 By: /s/ Andrew Frost
    -----------------------------           -----------------------------
    Jesse Dobrinsky,                        Andrew Frost
    Chief Executive Officer                 President

    Address:                                Address:
    600 Bayview Ave                         2109 East Palm Avenue
    Inwood, New York 11096                  Tampa, Florida 33605

    Date: December 6, 2006              Date: December 6, 2006
         ------------------------             ---------------------------

UTEK CORPORATION

By: /s/ Clifford M. Gross
    -----------------------------
    Clifford M. Gross, Ph.D.
    Chief Executive Officer

    Address:
    2109 East Palm Avenue
    Tampa, Florida 33605

Date: December 6, 2006
      ------------------------

UTEK CORPORATION

By: /s/ Doug Schaedler
    -----------------------------
    Doug Schaedler
    Chief Compliance Officer

    Address:
    2109 East Palm Avenue
    Tampa, Florida 33605

Date: December 6, 2006
      ------------------------

                                 Page 15 of 46
<PAGE>

                                    EXHIBIT A

                             Outstanding Agreements
                   from the Washington Savannah River Company

            1) License Agreement

SCA Model: RJL:NAN 01/31/97           xvi             LA-9_-___{LICENSEE's Name}
<PAGE>

                       EXCLUSIVE PATENT LICENSE AGREEMENT

                                     Between

                      WASHINGTON SAVANNAH RIVER COMPANY LLC

                                       and

                  Nuclear Material Detection Technologies, Inc.

                                       for

                 RadRope(TM) Nuclear Materials Detection System

                      WSRC License Agreement No. LA- 07-003

                      Washington Savannah River Company LLC
                              Aiken, South Carolina

SCA Model: RJL:NAN 01/31/97           xvii            LA-9_-___{LICENSEE's Name}
<PAGE>

                                TABLE OF CONTENTS

Article                                                                     Page
1.   Definitions ..........................................................    1
2.   License Grant ........................................................    2
3.   Sublicenses ..........................................................    3
4.   Due Diligence ........................................................    4
5.   License Fees .........................................................    5
6.   Records and Reports ..................................................    6
7.   Technical Assistance .................................................    7
8.   Patent Prosecution and Maintenance ...................................    7
9.   Infringement by Third Parties ........................................    8
10.  Representation and Warranties ........................................    9
11.  Disclaimers ..........................................................   10
12.  Term of Agreement and Early Termination ..............................   11
13.  Rights of the Parties after Termination ..............................   12
14.  Use of Names and Trademarks; Nondisclosure Agreement .................   12
15.  Force Majeure ........................................................   13
16.  Assignability ........................................................   13
17.  Non-Abatement of Royalties ...........................................   13
18.  Notices ..............................................................   14
19.  Dispute Resolution ...................................................   15
20.  Governing Law ........................................................   15
21.  Waivers ..............................................................   15
22.  Modifications ........................................................   16
23.  Headings .............................................................   16

Appendix A - WSRC Patent Rights ...........................................  A.1
Appendix B - Development and Commercialization Plan
                (Proprietary Information) .................................  B.1
Appendix C - Issue Fee, Earned Royalties and Minimum Annual
                Royalties (Proprietary Information) .......................  C.1

WSRC EXPL CAA0402                      i                          LA-07-003 NMDT
<PAGE>

                       EXCLUSIVE PATENT LICENSE AGREEMENT

This License Agreement, effective from the date of execution by the last signing
Party, is by and between WASHINGTON SAVANNAH RIVER COMPANY LLC (hereinafter
"WSRC"), a Delaware corporation whose principal place of business is located at
Aiken, South Carolina and NUCLEAR MATERIAL DETECTION TECHNOLOGIES, INC.,
(hereinafter "LICENSEE"), a Florida corporation whose principal place of
business is located at 2109 E. Palm Avenue, Tampa, FL 33605; the Parties to this
License Agreement being referred to individually as a "Party," and collectively
as "Parties."

                                   BACKGROUND:

WHEREAS, WSRC, pursuant to Contract No. DE-AC09-96SR18500 (hereinafter "Prime
Contract") with the United States Government as represented by the Department of
Energy (hereinafter "DOE") has developed and/or obtained certain WSRC Patent
Rights relating to Licensed Products subject to a reservation in the Government
to a nonexclusive, nontransferable, irrevocable, paid-up license to practice and
have practiced throughout the world, by or on behalf of the Government, any and
all such rights as well as certain march-in rights and any other conditions of
waivers granted by DOE; and

WHEREAS, both the Licensor and Licensee understand and approve the pending
acquisition of the Licensee by Cargo Connection Logistics Holding Inc. within
thirty (30) days of the Date of Execution of this Agreement. All rights and
obligations will remain intact and unchanged after the acquisition is completed,
and

WHEREAS, LICENSEE desires to obtain rights under WSRC Patent Rights.

THEREFORE, in consideration of the premises, covenants and agreements contained
herein, the Parties hereto agree to be bound as follows:

                                 1. DEFINITIONS

1.1   "WSRC Patent Rights" shall mean any and all intellectual property rights
      or patent rights to any subject matter claimed in or disclosed in Appendix
      A to this Agreement and all United States and corresponding foreign
      patents issuing from United States patent applications and corresponding
      patent applications later filed in foreign jurisdictions, including all
      divisions, continuations, continuations-in-part, re-examinations,
      reissues, and temporal extensions of any of the foregoing.

WSRC EXPL CAA0402                     1/16                        LA-07-003 NMDT
<PAGE>

1.2   "Licensed Products" shall mean any and all items, methods or processes, or
      parts thereof, which are produced by or employ the practice of any
      inventions claimed in Appendix A, and whose manufacture, use or sale would
      constitute, but for the license granted to LICENSEE pursuant to this
      License Agreement, an infringement of any claim in WSRC Patent Rights.

1.3   "Net Sales" shall mean the total amounts invoiced to purchasers (other
      than to Federal purchasers as set forth in Section 5.4 below) during the
      accounting period in question for Licensed Products sold by LICENSEE, less
      allowances for return of Licensed Products, discounts, commissions (but
      not to regular employees), freight, and excise or other taxes on Licensed
      Products. Net Sales in the case of Licensed Products used or transferred
      by LICENSEE shall mean the fair market value of Licensed Products as if
      they were sold to an unrelated third party in similar quantities.

1.4   "Sublicensee" shall mean any third party to whom LICENSEE has granted, as
      set forth in Section 3 below, the right to manufacture, sell, offer for
      sale and/or use Licensed Products within the United States.

                                2. LICENSE GRANT

2.1   Subject to the terms and conditions of this Agreement, WSRC hereby grants
      to LICENSEE an exclusive, nontransferable, revocable, United States
      (subject to Article 8 limitations), royalty-bearing license to
      manufacture, use, sell or offer for sale of Licensed Products within the
      United States. LICENSEE has the right to expand to foreign markets if
      market feasibility is demonstrated, foreign patent rights are granted, and
      such expansion is mutually agreed upon by both parties.

2.2   WSRC hereby agrees not to grant to any other party a license to WSRC
      Patent Rights in accordance with the grant hereinabove as long as LICENSEE
      abides by the terms and conditions of this Agreement, unless required to
      so grant such right and license in accordance with Federal Statutory or
      Regulatory enactments conditioning the waiver of rights to WSRC by the
      DOE, particularly as set forth in 41 CFR 9-9.109-(6)i; 10 CFR Part 781; or
      37 CFR Part 404.

WSRC EXPL CAA0402                     2/16                        LA-07-003 NMDT
<PAGE>

2.3   LICENSEE agrees to make available to WSRC and will grant a non-exclusive,
      irrevocable, paid-up license to WSRC and the Government to make and use,
      and to have made and used on their behalf, for non-commercial purposes,
      any and all developments and improvements to WSRC Patent Rights as may be
      made by LICENSEE.

2.4   LICENSEE agrees that any Licensed Products for use or sale in the United
      States shall be manufactured or practiced substantially in the United
      States.

2.    5 LICENSEE agrees to affix appropriate markings of the applicable WSRC
      Patent Rights (and the fact that WSRC was the source of these rights) upon
      or in association with LICENSEE's Licensed Products. LICENSEE further
      agrees to use its best efforts to follow any guidance from WSRC concerning
      such markings.

                                 3. SUBLICENSES

3.1   WSRC grants to LICENSEE the right to grant sublicenses to third parties to
      practice and have practiced Licensed Products under this Agreement.
      However, such sublicenses may be granted only under the following
      conditions:

            (a) Licensed Products sold or used in the United States shall be
      substantially manufactured in the United States; or

            (b) (i) the Sublicensee has a business unit located in the United
      States and significant economic and technical benefits will flow to the
      United States as a result of the sublicense agreement; and

            (ii) in sublicensing any entity that is subject to the control of a
      foreign company or government, said entity shall be limited to the same
      extent as such foreign government permits United States agencies,
      organizations, or other persons to enter into cooperative R&D agreements
      and licensing agreements, and has policies to protect United States
      intellectual property rights.

            If LICENSEE determines that neither conditions (a) nor (b) can be
      met, it must obtain written approval from WSRC prior to granting the
      sublicense.

WSRC EXPL CAA0402                     3/16                        LA-07-003 NMDT
<PAGE>

            (c) Sublicenses to sell Licensed Products shall expressly exclude
      the right of further sublicensing without the express prior written
      approval of WSRC.

            (d) Sublicenses granted under this Article must contain all of the
      other conditions, restrictions and reservations of this Agreement, except
      for those provisions related to license fees in Article 5, and shall
      preserve the rights and reservations of WSRC and the DOE/Government
      existing hereunder.

3.2   LICENSEE shall provide WSRC with a copy of any and all fully executed
      Sublicenses and Sub-sublicenses within thirty (30) days after execution of
      same.

3.3   LICENSEE shall collect payment of all royalties due WSRC from the sale of
      Licensed Products by any Sublicensees in accordance with Article 5; pay
      WSRC the amounts due (as described in Appendix C.4) and collected from
      Sublicensees in a timely manner; and summarize and deliver to WSRC all
      reports required from Sublicensees as shall be pertinent to a royalty
      accounting under said sublicense agreements.

3.4   LICENSEE shall not receive from Sublicensees anything of value in lieu of
      cash payments based upon payment obligations of any sublicense under this
      License Agreement, without the express prior written approval of WSRC.

3.5   Termination of this License Agreement for any reason automatically
      operates as an assignment by LICENSEE to WSRC of all of LICENSEE's rights,
      title and interest in and to each Sublicense granted.

                                4. DUE DILIGENCE

4.1   LICENSEE shall give his best efforts to bring one or more Licensed
      Products to market through a vigorous and diligent program for
      exploitation of WSRC Patent Rights and shall demonstrate a continuing
      effort to market such Licensed Products in sufficient quantities to meet
      market demands for these products.

4.2   LICENSEE shall also adhere to the resource commitments, performance
      milestones, and reporting requirements set forth in the Development and
      Commercialization Plan incorporated as Appendix B to this Agreement.
      Should LICENSEE fail to meet the commercialization provisions and
      milestones set forth in Appendix B of this Agreement, as it may be amended
      by the Parties, or is unable or unwilling to demonstrate continuing due
      diligence during the balance of the term of this Agreement, WSRC shall
      have the option, to be exercised by giving LICENSEE written notice as to
      the nature of the deficiency and providing him thirty (30) days to cure
      the deficiency, to convert this license grant to a partially exclusive or
      nonexclusive license. Such converted license shall have the same field of
      use restrictions, if any, and the same royalty rates and minimum royalties
      as this license.

WSRC EXPL CAA0402                     4/16                        LA-07-003 NMDT
<PAGE>

                                 5. LICENSE FEES

5.1   In consideration of the right and license granted herein, LICENSEE agrees
      to pay the License Issue Fee, earned running royalty, and minimum annual
      royalties and Sublicensee royalties set forth in Appendix C of this
      Agreement.

5.2   Royalties accruing to WSRC shall be paid to WSRC within sixty (60) days
      after the Semi-annual Reporting Periods, hereby defined for royalty
      reporting and payment purposes under this Agreement as being the six (6)
      month periods of April 1 through September 30, and October 1 through March
      31. Thus, corresponding payment due dates will be November 30 and May 31,
      respectively. Each such payment will be for any and all royalties which
      accrued to WSRC within the most recently completed Semi-annual Reporting
      Period.

5.3   Should LICENSEE fail to make any payment to WSRC within the time period
      prescribed for such payment, then the unpaid amount shall bear interest at
      the rate of one and one half percent (1.5%) per month from the date when
      payment was due until payment in full, with interest, is made.

5.4   No royalties shall be owing on any Licensed Products produced for any
      Federal Government agency but only to the extent that LICENSEE can show
      that the Government received a discount on Licensed Product sales, which
      discount is equivalent to or greater than the amount of any such royalty
      that would otherwise be due. Any sales for Federal Government purposes
      shall be reported under Section 6 - "Records and Reports" below by
      providing: (a) a Federal government contract number; (b) identification of
      the Federal agency; and (c) a description as to how the benefit of the
      royalty-free sale was passed on to the Government.

WSRC EXPL CAA0402                     5/16                        LA-07-003 NMDT
<PAGE>

5.5   The royalty provisions of Appendix C may be offset by any advances made by
      LICENSEE pursuant to Section 9 - "Infringement by Third Parties" below.

5.6   Upon termination of this Agreement for any reason whatsoever, any
      royalties that remain unpaid shall be properly reported and paid to WSRC
      within thirty (30) days of any such termination.

                             6. RECORDS AND REPORTS

6.1   LICENSEE agrees to keep adequate records in sufficient detail of
      LICENSEE's sales of Licensed Products to enable royalties payable
      hereunder to be determined and to provide such records for inspection by
      authorized representatives of WSRC at any time during regular business
      hours of LICENSEE. LICENSEE agrees that any additional records of
      LICENSEE, as WSRC may reasonably determine are necessary to verify the
      above records, shall also be provided to WSRC for inspection.

6.2   Within sixty (60) calendar days after the close of each semi-annual
      reporting period during the term of this Agreement (i.e., May 31 and
      November 30), LICENSEE will furnish WSRC a written report providing: (a)
      all Net Sales in U.S. Dollars during the preceding semi-annual reporting
      period including any Federal governmental agency sales under Section 5.4
      above; and (b) the amount of royalties due in U.S. Dollars for the
      preceding semi-annual reporting period pursuant to the provisions hereof.

                             7. TECHNICAL ASSISTANCE

7.1   WSRC will provide to LICENSEE, on a non-reimbursement/free of charge
      basis, the following level of technical assistance to help facilitate the
      transfer of technology associated with WSRC Patent Rights: Thirty-two (32)
      hours of technical assistance.

7.2   WSRC further agrees to provide from time to time over the term of the
      Agreement, on a non-interference basis and subject to the availability of
      the Inventors or others equally skilled in the art, additional technical
      assistance to help facilitate the transfer of technology associated with
      WSRC Patent Rights. In the event that LICENSEE elects to exercise this
      option, the full amount estimated by WSRC for its services must be paid in
      advance prior to LICENSEE receiving any portion of such services.

WSRC EXPL CAA0402                     6/16                        LA-07-003 NMDT
<PAGE>

                      8. PATENT PROSECUTION AND MAINTENANCE

8.1   WSRC shall diligently pursue United States patents for the inventions
      identified in Appendix A, using counsel of its choice. The cost of
      preparing, filing, prosecuting and maintaining the United States
      patents(s) contemplated by this License Agreement shall be borne by WSRC.
      WSRC will also file at its own expense a patent application under the
      Patent Cooperation Treaty (PCT) designating all countries, and will file a
      demand document extending the PCT national entry deadline to the fullest
      extent possible.

8.2   LICENSEE shall notify WSRC, within six (6) months of execution of this
      Agreement, as to those non-PCT countries in which LICENSEE wants WSRC to
      file a patent application and as to those PCT-member countries in which
      LICENSEE wants WSRC to file a national entry. The preparation, filing and
      prosecution of all applications made at LICENSEE's request, as well as
      maintenance of all resulting patents, shall be at the sole expense of
      LICENSEE. Such patents shall be held in the name of WSRC and shall be
      obtained using counsel of WSRC's choice and under WSRC's control.

8.3   LICENSEE's obligation to underwrite and to pay foreign patent maintenance
      and prosecution costs shall continue for so long as this License Agreement
      remains in effect, unless LICENSEE terminates its obligations with respect
      to any given patent application or patent upon ninety (90) days written
      notice to WSRC. WSRC will use its best efforts to curtail patent costs
      when such notice is received from LICENSEE.

8.4   WSRC shall have the right to file foreign patent applications at its own
      expense in any country in which LICENSEE has not elected to secure patent
      rights or to assume any of LICENSEE's terminated obligations as to patent
      prosecution or maintenance, and in such event, such applications and
      resultant patents shall not be subject to this License Agreement, and the
      license granted to LICENSEE in 2.1 above shall be changed to an exclusive
      license only for those countries in which LICENSEE has elected and
      continues to fulfill its patent prosecution and maintenance obligations.

WSRC EXPL CAA0402                     7/16                        LA-07-003 NMDT
<PAGE>

                        9. INFRINGEMENT BY THIRD PARTIES

9.1   LICENSEE shall give notice of any discovered third-party infringement to
      WSRC. WSRC shall, at its sole discretion, subject to DOE approval, take
      appropriate action to stop or prevent such infringement upon consultation
      with LICENSEE. WSRC shall also have the sole discretion to decide to take
      no action against the alleged infringement. In the event that WSRC does
      not take appropriate action to stop or prevent such infringement within
      ninety (90) days after receiving such notice, LICENSEE has the right to
      take appropriate action to stop and prevent the infringement, including
      the right to file suit.

9.2   In the event that LICENSEE files suit to stop infringement or defends any
      action against the validity of the patent, LICENSEE shall indemnify and
      hold WSRC harmless against all liability, expense and costs, including
      attorneys' fees incurred as a result of any such suit.

9.3   LICENSEE may, however, apply up-to-fifty (50) percent of any such incurred
      costs as a reduction of any royalties due and payable to WSRC under the
      terms of this Agreement at such time as verified bills of costs actually
      incurred are reported to WSRC in accordance with Section 5 - "Records and
      Reports".

9.4   In the event LICENSEE secures a judgment against any third-party
      infringer, after accounting for and paying all of LICENSEE's costs
      associated with prosecution of such action as well as paying WSRC for any
      reduction of royalties pursuant to Section 9.3, LICENSEE shall pay WSRC
      its royalties as set forth hereinabove on any balance of proceeds actually
      received and LICENSEE shall retain any such remaining balance of proceeds.

9.5   The Parties hereby agree to cooperate with each other in the prosecution
      of any such legal actions or settlement actions undertaken under this
      section and each will provide to the other all pertinent data in its
      possession which may be helpful in the prosecution of such actions;
      provided, however, that the Party in control of such action shall
      reimburse the other Party for any and all costs and expenses in providing
      data and other information necessary to the conduct of the action.

9.6   The Party having filed such action shall be in control of such action and
      shall have the right to dispose of such action in whatever reasonable
      manner it determines to be the best interest of the Parties hereto, except
      that any settlement which affects or admits issues of patent validity
      shall require the advance written approval of WSRC.

WSRC EXPL CAA0402                     8/16                        LA-07-003 NMDT
<PAGE>

                       10. REPRESENTATIONS AND WARRANTIES

10.1  WSRC represents and warrants that Appendix A contains a complete and
      accurate listing of all the WSRC Patent Rights licensed and that WSRC has
      the right to grant the rights, licenses, and privileges granted herein.

10.2  WSRC represents and warrants that WSRC has no knowledge of any claims of
      infringement filed against WSRC for practicing WSRC Patent Rights anywhere
      in the world.

10.3  Except as set forth hereinabove, WSRC makes NO REPRESENTATIONS OR
      WARRANTIES, express or implied, with regard to the infringement of
      proprietary rights of any third party.

10.4  LICENSEE acknowledges that the export of any of the WSRC Patent Rights
      from the United States or the disclosure of any of the WSRC Patent Rights
      to a foreign national may require some form of license from the U.S.
      Government. Failure to obtain any required export licenses by LICENSEE may
      result in LICENSEE subjecting itself to criminal liability under U.S.
      laws.

                                 11. DISCLAIMERS

11.1  Neither WSRC, the DOE, nor persons acting on their behalf will be
      responsible for any injury to or death of persons or other living things
      or damage to or destruction of property or for any other loss, damage, or
      injury of any kind whatsoever resulting from LICENSEE's manufacture, use,
      or sale of materials, information, or WSRC Patent Rights hereunder.

11.2  EXCEPT AS SET FORTH HEREINABOVE, NEITHER WSRC, THE DOE, NOR PERSONS ACTING
      ON THEIR BEHALF MAKE ANY WARRANTY, EXPRESS OR IMPLIED: (1) WITH RESPECT TO
      THE MERCHANTABILITY, ACCURACY, COMPLETENESS, OR USEFULNESS OF ANY
      SERVICES, MATERIALS, OR INFORMATION FURNISHED HEREUNDER; (2) THAT THE USE
      OF ANY SUCH SERVICES, MATERIALS, OR INFORMATION WILL NOT INFRINGE
      PRIVATELY OWNED RIGHTS; (3) THAT THE SERVICES MATERIALS, OR INFORMATION
      FURNISHED HEREUNDER WILL NOT RESULT IN INJURY OR DAMAGE WHEN USED FOR ANY
      PURPOSE; OR (4) THAT THE SERVICES, MATERIALS, OR INFORMATION FURNISHED
      HEREUNDER WILL ACCOMPLISH THE INTENDED RESULTS OR ARE SAFE FOR ANY
      PURPOSE, INCLUDING THE INTENDED OR PARTICULAR PURPOSE. FURTHERMORE, WSRC
      AND THE DOE HEREBY SPECIFICALLY DISCLAIM ANY AND ALL WARRANTIES, EXPRESS
      OR IMPLIED, FOR ANY LICENSED PRODUCTS MANUFACTURED, USED, OR SOLD BY
      LICENSEE. NEITHER WSRC NOR THE DOE SHALL BE LIABLE FOR CONSEQUENTIAL,
      SPECIAL OR INCIDENTAL DAMAGES IN ANY EVENT.

WSRC EXPL CAA0402                     9/16                        LA-07-003 NMDT
<PAGE>

11.3  LICENSEE agrees to indemnify WSRC, the DOE, and persons acting on their
      behalf for all damages, costs, and expenses, including attorney's fees,
      arising from, but not limited to, LICENSEE's making, using, selling, or
      exporting of any WSRC Patent Rights, information, or Licensed Products, in
      whatever form furnished hereunder.

11.4  LICENSEE agrees to obtain and maintain, at its sole expense, sufficient
      liability insurance to protect itself, WSRC, DOE and parties acting on
      their behalf against the events enumerated in Section 11.3 above. At
      WSRC's request, LICENSEE further agrees to provide a certificate of
      insurance in a form acceptable to WSRC in satisfaction thereof.

                   12. TERM OF AGREEMENT AND EARLY TERMINATION

12.1  Unless otherwise terminated by operation of law or by acts of the Parties
      in accordance with the terms of this Agreement, this Agreement shall be
      effective as of the date of execution by the last signing Party and shall
      remain in effect until the extinguishment, including the appeal thereof,
      of all WSRC Patent Rights.

12.2  Either Party shall have the right to terminate this Agreement without
      judicial resolution after a breach of any provision by the other Party has
      gone uncorrected for sixty (60) days after the other Party has been
      notified in writing of such breach.

12.3  LICENSEE shall provide notice to WSRC of its intention to file a voluntary
      petition in bankruptcy or of another party's intention to file an
      involuntary petition in bankruptcy for LICENSEE, said notice to be
      received by WSRC at least thirty (30) days prior to filing such a
      petition. LICENSEE's failure to provide such notice to WSRC of such
      intentions shall be deemed a material and incurable breach of this
      Agreement.

WSRC EXPL CAA0402                    10/16                        LA-07-003 NMDT
<PAGE>

12.4  LICENSEE agrees that this Agreement shall automatically terminate upon any
      attempt by LICENSEE to offer LICENSEE's rights under this Agreement as
      collateral to a third party.

12.5  LICENSEE, if not then in breach of any portion of this Agreement, may
      voluntarily terminate this Agreement upon giving sixty (60) days written
      notice to WSRC and upon timely reporting/payment to WSRC of any and all
      earned royalties due, including those royalties accruing during the notice
      period, or the pro rata portion of any annual minimum royalties due in the
      year of such termination, whichever is greater.

                     13. RIGHTS OF PARTIES AFTER TERMINATION

13.1  Neither Party shall be relieved of any obligation or liability under this
      Agreement arising from any act or omission committed prior to the
      effective date of such termination.

13.2  From and after any termination of this Agreement, LICENSEE shall have the
      right to sell any Licensed Products that LICENSEE had already manufactured
      prior to termination, provided that all royalties and reports required
      hereinabove shall be timely submitted to WSRC.

13.3  From and after any termination of this Agreement, LICENSEE shall not
      manufacture nor have manufactured any Licensed Products pursuant to this
      Agreement.

13.4  The rights and remedies granted herein, and any other rights or remedies
      which the Parties may have, either at law or in equity, are cumulative and
      not exclusive of others. On any termination, LICENSEE shall duly account
      to WSRC and transfer to it all rights to which WSRC may be entitled under
      this Agreement.

                        14. USE OF NAMES AND TRADEMARKS;
                             NONDISCLOSURE AGREEMENT

14.1  Except as provided for under this Agreement or as permitted by the express
      written consent of the affected Party, the use of the name of either Party
      or the Government, the U.S. Department of Energy, or the Savannah River
      Site or abbreviations or contractions thereof in advertising, publicity or
      other promotional activities is strictly prohibited.

WSRC EXPL CAA0402                    11/16                        LA-07-003 NMDT
<PAGE>

14.2  Either Party may disclose the existence of this Agreement, the Parties,
      the technology licensed, and the nature of the grant. Neither Party may
      disclose to third parties those portions of this Agreement which have been
      identified by either Party as being proprietary by written notice given
      within thirty (30) days of the effective date of this Agreement, except
      those portions WSRC may be required to release under applicable law.

                                15. FORCE MAJEURE

15.1  No failure or omission by WSRC or by LICENSEE in the performance of any
      obligation under this Agreement shall be deemed a breach of this Agreement
      or create any liability if the same shall arise from acts of God, acts or
      omissions of any government or agency thereof, compliance with requests,
      recommendations, rules, regulations, or orders of any governmental
      authority or any office, department, agency, or instrumentality thereof,
      fire, storm, flood, earthquake, accident, acts of the public enemy, war,
      rebellion, insurrection, riot, sabotage, invasion, quarantine,
      restriction, transportation embargoes, or failures or delays in
      transportation.

                                16. ASSIGNABILITY

16.1  The Government may assign WSRC's interest in this Agreement to a successor
      Contractor for the Savannah River Site without the consent of LICENSEE.

16.2  This Agreement may be assigned by LICENSEE to a third party only in
      conjunction with the sale or transfer of substantially all of LICENSEE's
      assets, and only with the written consent of WSRC, which shall not be
      unreasonably withheld.

                         17. NON-ABATEMENT OF ROYALTIES

17.1  WSRC and LICENSEE acknowledge that certain of the WSRC Patent Rights may
      expire prior to the conclusion of the term of this Agreement; however,
      WSRC and LICENSEE agree that the royalty rates provided for herein shall
      be uniform and undiminished, except as otherwise provided pursuant to this
      Agreement.

WSRC EXPL CAA0402                    12/16                        LA-07-003 NMDT
<PAGE>

                                   18. NOTICES

18.1        All notices and reports shall be addressed to the Parties hereto as
            follows:

            If to WSRC:

                          Attention:  Jean K. Campbell
                          WASHINGTON Savannah River Company LLC
                          Savannah River Site, Bldg. 773-41A
                          Aiken, SC 29808
                          Telephone (803) 725-3852
                          Facsimile: (803) 725-4988

            If to LICENSEE:

                          Nuclear Material Detection Technologies, Inc.
                          2109 E. Palm Avenue
                          Tampa, FL 33594
                          ATTENTION:  Andrew Frost
                          Facsimile: 813-754-2383
                          Telephone: 813-754-4330

18.2        All payments due WSRC shall be sent to:

                          WASHINGTON Savannah River Company
                          Attention:  Accounts Receivable
                          P.O. Box 402167
                          Atlanta, GA 30384-2167

18.3  Any notice, report or any other communication required or permitted to be
      given by one Party to the other Party by this Agreement shall be in
      writing and either (a) served personally on the other Party, (b) sent by
      express, registered or certified first-class mail, postage prepaid,
      addressed to the other Party at its address as indicated above, or to such
      other address as the addressee shall have previously furnished to the
      other Party by proper notice, (c) delivered by commercial courier to the
      other Party, or (d) sent by facsimile to the other Party at its facsimile
      number indicated above or to such other facsimile number as the Party
      shall have previously furnished to the other Party by proper notice, with
      machine confirmation of transmission.

WSRC EXPL CAA0402                    13/16                        LA-07-003 NMDT
<PAGE>

                             19. DISPUTE RESOLUTION

19.1  The Parties shall attempt to settle any claim or controversy arising from
      this License Agreement through consultation and negotiations in good faith
      and a spirit of mutual cooperation. If those attempts fail, then the
      dispute will be mediated by a mutually acceptable mediator chosen by the
      Parties within 30 days after written notice by one Party demanding
      mediation. Neither Party may unreasonably withhold consent to the
      selection of a mediator, and the Parties will share the costs of the
      mediation equally. If the dispute cannot be resolved by negotiation or
      mediation, the matter will be referred to the cognizant DOE Contracting
      Officer for WSRC's prime contract, who will render a final decision within
      sixty (60) days. The decision will be final and binding upon the Parties.

19.2  It is the policy of WSRC that all employees, in the performance of their
      responsibilities, shall adhere to the highest possible standards of
      ethical and business conduct. WSRC has established an Ombudsman in the
      WSRC Ethics Office. The Ombudsman is responsible for helping to resolve
      LICENSEE complaints, disputes, or inquiries, arising under this Agreement
      when such concerns have not been resolved by responsible WSRC officials.
      The Ombudsman may be contacted by phone at (803) 725-2611. The Ombudsman
      will investigate the complaint or inquiry and provide the caller with a
      response. The caller may remain anonymous, if he or she chooses.

                                20. GOVERNING LAW

20.1  United States Federal Law shall govern this License Agreement to the
      extent that there is such law. To the extent that there is no applicable
      United States Federal Law, the law of the State of South Carolina shall
      govern.

                                   21. WAIVERS

21.1  The failure of WSRC at any time to enforce any provisions of this
      Agreement or to exercise any right or remedy shall not be construed to be
      a waiver or such provisions or of such rights or remedy or the right of
      WSRC thereafter to enforce each and every provision, right or remedy.

WSRC EXPL CAA0402                    14/16                        LA-07-003 NMDT
<PAGE>

                                22. MODIFICATIONS

22.1  It is expressly understood and agreed by the Parties hereto that this
      instrument contains the entire agreement between the Parties with respect
      to the subject matter hereof and that all prior representations,
      warranties, or agreements relating hereto have been merged into this
      document and are thus superseded in totality by this Agreement. This
      Agreement may be amended or modified only by a written instrument signed
      by the duly authorized representatives of both of the Parties.

                                  23. HEADINGS

23.1  The headings for the sections set forth in this Agreement are strictly for
      the convenience of the Parties hereto and shall not be used in any way to
      restrict the meaning or interpretation of the substantive language of this
      Agreement.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be duly
executed in their respective names by their duly authorized representatives.

NUCLEAR MATERIAL DETECTION                  WASHINGTON SAVANNAH
TECHNOLOGIES, INC.                           RIVER COMPANY LLC

By:    /s/ Andrew Frost                     By:    /s/ Robert A. Pedde
   -------------------------                   -------------------------
          (Signature)                              (Signature)

Name:  Andrew Frost                         Name:  Robert A. Pedde

Title: NMDT, President                      Title: WSRC, President

Date: ______________________                Date: ______________________

WSRC EXPL CAA0402                    15/16                        LA-07-003 NMDT
<PAGE>

                                   APPENDIX A

--------------------------------------------------------------------------------
                               WSRC PATENT RIGHTS
--------------------------------------------------------------------------------

                 Related to WSRC License Agreement No. LA-07-003

The component parts of this Appendix A are as follows:

1.    WSRC Patent Application No. 11/135,801, filed with the U.S. Patent and
      Trademark Office on May 24, 2005 for a RadRope Portable Nuclear Material
      Detection System (RadRope (TM)) and based upon:

      o     WRC Invention Disclosure No. SRS-04-025 entitled, "RadRope Portable
            Nuclear Material Detection System" dated 4/19/04 and submitted by
            Kenneth J. Hofstetter, Lawrence J. Harpring, Russell K. Huffman,
            Charles K. Fulghum, and Donald L. Varble.

      o     DOE-SR Letter, Emily G. Schneider to Murray B. Baxter dated August
            4, 2004, accepting WSRC's request of 2006 to retain title to the
            RadRope Portable Nuclear Detection System.

2.    Transmittal letter to the United States Receiving Office for International
      Filing on May 23, 2006, No. PCT/US2006/020059.

3.    WSRC Copyright Registration filed with the U.S. Copyright Office and based
      upon:

      o     WSRC Copyright Submittal Form No. SRS-03-518C, "RadRope," dated
            September 4, 2003, by Lawrence J. Harpring.

      o     U.S. Copyright Office Certificate of Registration No. TXu1-179-185,
            for "RadRope" with an effective date of registration of June 6,
            2004.

      o     DOE-SR Letter, Emily G. Schneider to Murray B. Baxter dated March
            10, 2004, accepting WSRC's copyright assertion request.

WSRC EXPL CAA0402                  App. A-1/1                     LA-07-003 NMDT
<PAGE>

ACCEPTANCE OF APPENDIX A:

NUCLEAR MATERIAL DETECTION                  WASHINGTON SAVANNAH
TECHNOLOGIES, INC.                          RIVER COMPANY LLC

By:______________________________           By:________________________________
       (Signature)                                 (Signature)

Date:____________________________           Date:_______________________________

WSRC EXPL CAA0402                  App. A-1/2                     LA-07-003 NMDT
<PAGE>

                                   APPENDIX B

                     DEVELOPMENT AND COMMERCIALIZATION PLAN

                 Related to WSRC License Agreement No. LA-07-003

B.1   LICENSEE agrees to invest in the development of technology and market for
      Licensed Products by committing LICENSEEs resources, at a minimum, to the
      following requirements:

      1.    Prepare and deliver a commercialization business plan within sixty
            (60) days.

      2.    Issue a press release within 5 days of the fully executed license
            and transfer to Nuclear Materials Detection Technologies, Inc. as
            required by public companies.

      3.    Within one hundred and twenty (120) days produce a production
            prototype of the RadRope.

      4.    Within one hundred and eighty (180) days introduce RadRope to the
            marketplace and begin sales activity.

B.2   Progress and substantiation of LICENSEE meeting these requirements shall
      be provided to WSRC in the form of a written report due on the first
      anniversary and each anniversary thereafter of the effective date thereof.
      The report shall include, but not be limited to, progress on research and
      development, regulatory approvals, if any, status of performance
      milestones, manufacturing issues, and marketing and sales figures for the
      most recently completed year and projections for the next year. At WSRC's
      option, LICENSEE further agrees to present the report at a meeting of the
      Parties to be held at mutually convenient time and place. In the event
      that LICENSEE fails to perform in accordance with Paragraph B.1 of this
      Appendix B and is unable or unwilling to cure within thirty (30) days any
      deficiencies found to WSRC's satisfaction, WSRC shall have the right and
      option to convert this exclusive license to a partially exclusive or
      nonexclusive license as provided in Section 4 "Due Diligence"of this
      Agreement.

WSRC EXPL CAA0402                  App. B-1/2                     LA-07-003 NMDT
<PAGE>

                                   N O T I C E

This Appendix contains financial and commercial information that is BUSINESS
CONFIDENTIAL and the Parties hereby agree not to use or disclose this Appendix
to any third Party without the advance written approval of the other Party
hereto, except to those necessary to enable the Parties to perform under this
Agreement or as may be required by the WSRC contract with the DOE under the same
restrictions as set forth herein.

ACCEPTANCE OF APPENDIX B:

NUCLEAR MATERIAL DETECTION                  WASHINGTON SAVANNAH
TECHNOLOGIES, INC.                          RIVER COMPANY LLC

By:______________________________           By:________________________________
       (Signature)                                 (Signature)

Date:____________________________           Date:_______________________________

                                   APPENDIX C

                         ISSUE FEE, EARNED ROYALTIES AND
--------------------------------------------------------------------------------
                            MINIMUM ANNUAL ROYALTIES
--------------------------------------------------------------------------------

                 Related to WSRC License Agreement No. LA-07-003

C.1 In consideration of the rights and licenses granted herein, LICENSEE agrees
to pay WSRC a License Issue Fee in the amount of Twenty-Five Thousand U.S.
Dollars ($25,000) within thirty (30) days following final execution of this
Agreement. The License Issue Fee is non-refundable and is not an advance against
royalties and is made regardless of the ultimate grant of a domestic patent. If
such payment is not received within (30) days of the execution of this
agreement, this agreement shall become null and void.

C.2   LICENSEE further agrees to pay to WSRC an earned running royalty of Seven
      percent (7%) of Net Sales of Licensed Products made, practiced, sold,
      leased or transferred by LICENSEE during the life of this Agreement.

WSRC EXPL CAA0402                  App. B-2/2                     LA-07-003 NMDT
<PAGE>

C.3   LICENSEE also agrees to pay WSRC a Minimum Annual Royalty for the life of
      any license granted under this License Agreement, as set forth in the
      following schedule:

                Period                      Minimum Annual Royalty(*)
                ------                      -------------------------
                Year 1                      $ 0
                Year 2                      $5,000
                Year 3                      $7,500
                Year 4                      $15,500
                Year 5 & each year          $30,000
                thereafter until the
                end of the license term.

      (*) This Minimum Annual Royalty shall be paid even if earned royalties are
      less than the minimum required. Specifically, in the event that the earned
      royalties under Paragraph C.2 of this Appendix C do not equal the Minimum
      Annual Royalty amount, as set forth in this Paragraph C.3, then LICENSEE
      shall pay the actual earned royalties due plus the difference between such
      earned royalties (Paragraph C.2) and this Minimum Annual Royalty amount.
      Such differential amount (if any) shall be due and payable no later than
      November 30 of each year.

C.4   LICENSEE shall have the right to grant sublicenses to third parties.
      Payment to WSRC from all sublicenses shall be thirty-five percent (35%) of
      all revenue (royalties, upfront fees, milestones, and any other income
      received from sublicensees).

                                   N O T I C E

This Appendix contains financial and commercial information that is BUSINESS
CONFIDENTIAL and the Parties hereby agree not to use or disclose this Appendix
to any third Party without the advance written approval of the other Party
hereto, except to those necessary to enable the Parties to perform under this
Agreement or as may be required by the WSRC contract with the DOE under the same
restrictions as set forth herein.

WSRC EXPL CAA0402                  App. B-3/2                     LA-07-003 NMDT
<PAGE>

ACCEPTANCE OF APPENDIX C:

NUCLEAR MATERIAL DETECTION                  WASHINGTON SAVANNAH
TECHNOLOGIES, INC.                          RIVER COMPANY LLC

By:______________________________           By:________________________________
       (Signature)                                 (Signature)

Date:____________________________           Date:_______________________________

WSRC EXPL CAA0402                  App. B-4/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

                                    EXHIBIT B

                  NUCLEAR MATERIAL DETECTION TECHNOLOGIES, INC.

                           Financial Statements as of

WSRC EXPL CAA0402                  App. B-5/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

                                    EXHIBIT C

                     CARGO CONNECTION LOGISTICS HOLDING INC.

                         Unaudited Financial Statements
                  for Cargo Connection Logistics Holding, Inc.
                       for the quarter ended June 30, 2006

WSRC EXPL CAA0402                  App. B-6/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

                                    EXHIBIT D

                     CARGO CONNECTION LOGISTICS HOLDING INC.

                     IRREVOCABLE TRANSFER AGENT INSTRUCTIONS

                                December 6, 2006

Florida Atlantic Stock Transfer Inc.
7130 Nob Hill Road
Tamarac, FL 33321

RE:   Cargo Connections, Inc.

To Whom It May Concern:

This letter shall serve as our irrevocable authorization and direction to
Florida Atlantic Stock Transfer Inc. (the "Transfer Agent") or successors to do
the following:

      1.    Common Shares

            a.    The Company hereby confirms to the Transfer Agent and UTEK
                  that under Rule 144 the new certificates to be issued shall
                  not bear any legend restricting transfer and shall otherwise
                  be freely transferable on the books and records of the
                  Company; provided that counsel to the Company delivers an
                  opinion of counsel within seven business days as requested.

            b.    In the event that counsel to the Company fails or refuses to
                  render an opinion within seven business days as required to
                  issue the new certificates in accordance with the preceding
                  paragraph, then the Company irrevocably and expressly
                  authorizes counsel to UTEK to render such opinion. The
                  Transfer Agent shall accept and be entitled to rely on such
                  opinion for the purposes of issuing the new certificates.

WSRC EXPL CAA0402                  App. B-7/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

      2.    Other instructions.

            a.    The Company hereby confirms to the Transfer Agent and UTEK
                  that no instructions other than as contemplated herein will be
                  given to Transfer Agent by the Company with respect to the
                  matters referenced herein. The Company hereby authorizes the
                  Transfer Agent, and the Transfer Agent shall be obligated, to
                  disregard any contrary instructions received by or on behalf
                  of the Company.

The Company hereby agrees that it shall not replace the Transfer Agent as the
Company's transfer agent without the prior written consent of UTEK.

Any attempt by Transfer Agent to resign as the Company's transfer agent
hereunder shall not be effective until such time as the Company provides to the
Transfer Agent written notice that a suitable replacement has agreed to serve as
transfer agent and to be bound by the terms and conditions of these Irrevocable
Transfer Agent Instructions.

The Company and the Transfer Agent hereby acknowledges and confirms that
complying with the terms of this Agreement does not and shall not prohibit the
Transfer Agent from satisfying any and all fiduciary responsibilities and duties
it may owe to the Company.

The Company and the Transfer Agent acknowledges that UTEK is relying on the
representations and covenants made by the Company and the Transfer Agent
hereunder and are a material inducement to UTEK entering into the Acquisition
Agreement. The Company and the Transfer Agent further acknowledges that without
such representations and covenants of the Company made hereunder, UTEK would not
complete the transaction as set forth in the Acquisition Agreement.

WSRC EXPL CAA0402                  App. B-8/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

Each party hereto specifically acknowledges and agrees that in the event of a
breach or threatened breach by a party hereto of any provision hereof, UTEK will
be irreparably damaged and that damages at law would be an inadequate remedy if
these Irrevocable Transfer Agent Instructions were not specifically enforced.
Therefore, in the event of a breach or threatened breach by a party hereto,
including, without limitation, the attempted termination of the agency
relationship created by this instrument, UTEK shall be entitled, in addition to
all other rights or remedies, to an injunction restraining such breach, without
being required to show any actual damage or to post any bond or other security,
and/or to a decree for specific performance of the provisions of these
Irrevocable Transfer Agent Instructions.

Notwithstanding the above paragraph, the Company hereto specifically
acknowledges and agrees that in the event of a breach or threatened breach by a
party hereto of any provision hereof, the Company shall indemnify and hold
harmless the Transfer Agent for any act done or suffered by it in good faith in
connection with this Irrevocable Transfer Agent Instructions. The Transfer Agent
may in connection with this Irrevocable Transfer Agent Instructions employ
agents or attorneys in fact and shall not be answerable for the default or
misconduct of any such agent or attorney, provided the same shall be selected
with reasonable care.

IN WITNESS WHEREOF, the parties have caused this letter agreement regarding
Irrevocable Transfer Agent Instructions to be duly executed and delivered as of
the date first written above.

                                        COMPANY:

                                        CARGO CONNECTIONS LOGISTICS
                                        HOLDING, INC.

                                        By:    /s/ Jesse Dobrinsky
                                           -------------------------------------
                                        Name:  Jesse Dobrinsky
                                        Title: Chief Executive Officer

WSRC EXPL CAA0402                  App. B-9/2                     LA-07-003 NMDT
<PAGE>

NMDT-CRGO

                                        UTEK CORPORATION

                                        By:    /s/ Clifford M. Gross
                                           -------------------------------------
                                        Name:  Clifford M. Gross, Ph.D.
                                        Title: Chief Executive Officer

WSRC EXPL CAA0402                  App. B-10/2                    LA-07-003 NMDT
<PAGE>

NMDT-CRGO

                                    EXHIBIT E

                     CARGO CONNECTION LOGISTICS HOLDING INC.

                             Schedule of Litigation

The Company recently received a summons filed by Daniel Murray for a total of
$750,000 based on an alleged breach of employment agreement. The Company is
currently preparing an answer to the lawsuit and intends to defend such action
vigorously.

WSRC EXPL CAA0402                  App. B-11/2                    LA-07-003 NMDTEXHIBIT 10.1

       EMPLOYMENT  AGREEMENT  made  as of the 1st  day of  January,  2007 by and
between  ARROW  ELECTRONICS,  INC., a New York  corporation  with its  principal
office at 50 Marcus Drive, Melville,  New York 11747 (the "Company"),  and KEVIN
GILROY,  residing at 329 Old Bailey Lane, West Chester,  Pennsylvania 19382 (the
"Executive").

       WHEREAS,  the Company desires to employ the Executive,  and the Executive
desires to be employed by the Company, as a Senior Vice President of the Company
and   Co-President,    Arrow   Enterprise   Computing   Solutions,    with   the
responsibilities and duties of an executive officer of the Company; and

       WHEREAS, the Company and the Executive wish to provide for the employment
of the Executive as an employee of the Company and for him to render services to
the Company on the terms set forth in, and in accordance with the provisions of,
this Employment  Agreement (the "Agreement"),  which Employment  Agreement shall
supersede and replace any agreement pertaining to the Executive's  employment by
the Company, written or oral, entered into prior to the date hereof;

       NOW,  THEREFORE,  in consideration of the mutual covenants and agreements
herein contained, the parties agree as follows:

1.     Employment and Duties.
       ----------------------

       (a)  Employment.  The  Company  hereby  employs  the  Executive  for  the
Employment Period defined in Paragraph 3, to perform such duties for the Company
and its subsidiaries and affiliates and to hold such offices as may be specified
from time to time by the Company's Board of Directors,  subject to the following
provisions of this Agreement. The Executive hereby accepts such employment.

       (b) Duties and  Responsibilities.  It is contemplated  that the Executive
will  be a  Senior  Vice  President  of  the  Company  and  Co-President,  Arrow
Enterprise Computing Solutions,  but the Board of Directors shall have the right
to adjust the duties, responsibilities,  and title of the Executive as the Board
of  Directors  may from time to time deem to be in the  interests of the Company
(provided,  however,  that during the Employment Period,  without the consent of
the Executive,  he shall not be assigned any titles,  duties or responsibilities
which, in the aggregate,  represent a material  diminution in, or are materially
inconsistent  with, his prior title,  duties, and  responsibilities  as a Senior
Vice  President  of the Company and  Co-President,  Arrow  Enterprise  Computing
Solutions).

       If the Board of Directors  does not either  continue the Executive in the
office  of a Senior  Vice  President  of the  Company  and  Co-President,  Arrow
Enterprise  Computing  Solutions  or elect him to some  other  executive  office
satisfactory to the Executive,  the Executive shall have the right to decline to
give further service to the Company and shall have the rights and obligations

                                       1
<PAGE>

which would accrue to him under Paragraph 6 if he were discharged without cause.
If the  Executive  decides to  exercise  such  right to decline to give  further
service,  he shall within  forty-five  days after such action or omission by the
Board of Directors give written notice to the Company  stating his objection and
the action he thinks necessary to correct it, and he shall permit the Company to
have a forty-five day period in which to correct its action or omission.  If the
Company makes a correction satisfactory to the Executive, the Executive shall be
obligated to continue to serve the Company.  If the Company does not make such a
correction,  the  Executive's  rights and  obligations  under  Paragraph 6 shall
accrue at the expiration of such forty-five day period.

       (c) Time Devoted to Duties.  The Executive shall devote all of his normal
business time and efforts to the business of the Company,  its  subsidiaries and
its  affiliates,  the amount of such time to be  sufficient,  in the  reasonable
judgment of the Board of Directors,  to permit him  diligently and faithfully to
serve and endeavor to further their interests to the best of his ability.

2.     Compensation.
       -------------

       (a) Monetary Remuneration and Benefits. During the Employment Period, the
Company  shall pay to the  Executive  for all  services  rendered  by him in any
capacity:

              (i) a  minimum  base  salary  of  $400,000  per year  (payable  in
accordance  with the Company's then prevailing  practices,  but in no event less
frequently than in equal monthly installments), subject to increase if the Board
of Directors of the Company in its sole discretion so determines; provided that,
should the Company  institute a  Company-wide  pay  cut/furlough  program,  such
salary may be decreased by up to 15%, but only for as long as said  Company-wide
program is in effect;

              (ii)  such  additional  compensation  by way of salary or bonus or
fringe  benefits as the Board of Directors of the Company in its sole discretion
shall  authorize  or agree to pay,  payable on such terms and  conditions  as it
shall determine; and

              (iii)  such  employee  benefits  that  are made  available  by the
Company to its other executives generally.

       (b) Annual  Incentive  Payment.  The Executive  shall  participate in the
Company's  Management  Incentive  Plan  (or  such  alternative,   successor,  or
replacement  plan  or  program  in  which  the  Company's   principal  operating
executives,  other than the Chief Executive Officer,  generally participate) and
shall have a targeted  incentive  thereunder of not less than $240,000 per year;
provided,  however,  that the Executive's  actual incentive payment for any year
shall be measured by the Company's  performance  against goals  established  for
that year and that such  performance  may produce an incentive  payment  ranging
from none to 200% of the targeted amount. The Executive's  incentive payment for
any  year  will  be  appropriately  pro-rated  to  reflect  a  partial  year  of
employment.

                                       2
<PAGE>

       (c)   Supplemental   Executive   Retirement  Plan.  The  Executive  shall
participate in the Company's Unfunded Pension Plan for Selected  Executives (the
"SERP").

       (d) Automobile.  While the Executive is actively working for the Company,
the Company will pay the Executive a monthly automobile allowance of $850.

       (e)  Expenses.  During  the  Employment  Period,  the  Company  agrees to
reimburse the  Executive,  upon the  submission  of  appropriate  vouchers,  for
out-of-pocket  expenses  (including,  without  limitation,  expenses for travel,
lodging and entertainment) incurred by the Executive in the course of his duties
hereunder.

       (f) Office and Staff.  The Company  will  provide the  Executive  with an
office,  secretary and such other  facilities as may be reasonably  required for
the proper discharge of his duties hereunder.

       (g)  Indemnification.  The Company  agrees to indemnify,  defend and hold
harmless the Executive for any and all liabilities to which he may be subject as
a result  of his  employment  hereunder  (and as a result of his  service  as an
officer or director of the  Company,  or as an officer or director of any of its
subsidiaries or affiliates), as well as the costs of any legal action brought or
threatened  against him as a result of such  employment,  to the fullest  extent
permitted by law.

       (h) Participation in Plans.  Notwithstanding  any other provision of this
Agreement,  the Executive  shall have the right to participate in any and all of
the  plans or  programs  made  available  by the  Company  (or it  subsidiaries,
divisions or affiliates)  to, or for the benefit of,  executives  (including the
annual  stock  option and  restricted  stock grant  programs)  or  employees  in
general, on a basis consistent with other senior executives.

       (i) Initial Bonus and Equity  Awards.  The Company will pay the Executive
$100,000  within the first 30 days of his  employment  with the  Company,  which
amount  shall be repaid in full by the  Executive  if he resigns  for any reason
(other than a  permitted  resignation  described  in  subparagraph  1(b) of this
Agreement)  during the first 12 months of his  employment  with the Company.  In
addition,  as soon as practical  following the  commencement  of the Executive's
employment, the Company's Compensation Committee will award the Executive 10,000
shares  of  restricted  stock of the  Company  and  20,000  non-qualified  stock
options,  each  pursuant to the terms of the  Company's  2004 Omnibus  Incentive
Plan,  which shares and options will both vest  separately at the rate of 25% on
each  anniversary of the date of the award (until fully vested in the year 2010)
while the Executive is employed by the Company.

3.     The Employment Period.
       ----------------------

       The "Employment Period," as used in the Agreement,  shall mean the period
beginning as of the date hereof and  terminating on the last day of the calendar
month in which the first of the following occurs:

                                       3
<PAGE>

       (a) the death of the Executive;

       (b) the  disability of the  Executive as  determined  in accordance  with
Paragraph 4 hereof and subject to the provisions thereof;

       (c) the  termination  of the  Executive's  employment  by the Company for
cause in accordance with Paragraph 5 hereof; or

       (d) December 31, 2008; provided,  however, that, unless sooner terminated
as otherwise  provided  herein,  the Employment  Period shall  automatically  be
extended  for one or more twelve (12) month  periods  beyond the then  scheduled
expiration  date thereof unless  between the 18th and 12th month  preceding such
scheduled  expiration  date either the Company or the Executive  gives the other
written  notice  of its or his  election  not to have the  Employment  Period so
extended.

4.     Disability.
       -----------

       For purposes of this Agreement,  the Executive will be deemed  "disabled"
upon the  earlier to occur of (i) his  becoming  disabled  as defined  under the
terms of the disability benefit program applicable to the Executive, if any, and
(ii) his absence from his duties  hereunder on a full-time basis for one hundred
eighty (180)  consecutive  days as a result of his incapacity due to accident or
physical or mental illness. If the Executive becomes disabled (as defined in the
preceding  sentence),  the Employment  Period shall terminate on the last day of
the month in which such disability is determined.  Until such termination of the
Employment  Period,  the Company shall continue to pay to the Executive his base
salary,  any  additional  compensation  authorized  by the  Company's  Board  of
Directors,  and other  remuneration  and benefits  provided in  accordance  with
Paragraph 2 hereof,  all without  delay,  diminution  or  proration  of any kind
whatsoever  (except  that his  remuneration  hereunder  shall be  reduced by the
amount of any payments he may  otherwise  receive as a result of his  disability
pursuant to a disability  program  provided by or through the Company),  and his
medical  benefits  and  life  insurance  shall  remain  in  full  force.   After
termination  of the  Employment  Period  as a result  of the  disability  of the
Executive,  the medical  benefits  covering the  Executive  and his family shall
remain in place (subject to the eligibility  requirements  and other  conditions
continued  in the  underlying  plan,  as  described  in the  Company's  employee
benefits manual,  and subject to the requirement that the Executive  continue to
pay the  "employee  portion"  of the cost  thereof),  and the  Executive's  life
insurance policy under the Management  Insurance Program shall be transferred to
him,  as provided in the related  agreement,  subject to the  obligation  of the
Executive to pay the premiums therefor.

       In the event that,  notwithstanding  such a determination  of disability,
the Executive is determined not to be totally and permanently  disabled prior to
the then scheduled  expiration of the Employment  Period, the Executive shall be
entitled to resume employment with the Company under the terms of this Agreement
for the then remaining balance of the Employment Period.

5.       Termination for Cause.

                  In the event of any malfeasance, willful misconduct, active
fraud or gross negligence by the Executive in connection with his employment
hereunder, the Company shall have the right to terminate the Employment Period
by giving the Executive notice in writing of the reason for such proposed
termination. If the Executive shall not have corrected such conduct to the
satisfaction of the Company within thirty days after such notice, the Employment
Period shall terminate and the Company shall have no further obligation to the
Executive hereunder but the restriction on the Executive's activities contained
in Paragraph 8 and the obligations of the Executive contained in Paragraphs 9(b)
and 9(c) shall continue in effect as provided therein.

                                       4
<PAGE>

6.     Termination Without Cause.
       --------------------------

       In the event that the Company  discharges  the  Executive  without  cause
prior to the expiration of the Employment Period, the Executive's post-discharge
compensation  and  benefits  will  be as  follows,  subject  to the  Executive's
execution of a release as set forth in Paragraph 7 below:

       (a) The Executive will be placed on inactive or "RA" status  beginning on
the day  following his last day of active work and ending on the earliest of (i)
the date  the  Employment  Period  was  scheduled  to  expire,  (ii) the day the
Executive  begins  employment for a person or entity other than the Company,  or
(iii) the day the Executive  fails to observe any  provision of this  Agreement,
including  his  obligations  under  Paragraphs 8 and 9 (the "RA Period),  during
which time he will be paid the salary provided in subparagraph  2(a) on the same
schedule as if he still were an active employee (less the customary deductions),
subject to any required delay described in subparagraph (c) below;

       (b) The  Executive  will be paid an  amount  equal to  two-thirds  of the
targeted  incentive  provided in Paragraph  2(b) for the year in which he ceases
active employment and for each succeeding year (or, on a pro rata basis, portion
of a year) during the RA Period,  payable on March 31  following  the end of the
year to which such  targeted  incentive  relates if the Executive is still on RA
status on the scheduled payment date or, in the case of the year during which RA
status terminates, if the Executive is still on RA status on the last day of the
RA Period, subject to any required delay described in subparagraph (c) below;

       (c) Notwithstanding the provisions of subparagraphs (a) and (b) above, if
the  Executive  is a  "specified  employee"  under  section 409A of the Internal
Revenue Code of 1986, as amended ("Code"),  no payment of deferred  compensation
within the meaning of Code section 409A will be paid to the Executive on account
of his termination of employment for 6 months following the day he ceases active
work, and any such payments due during such 6-month period will be held and paid
on the first  business day following  completion of such 6-month  period,  along
with interest calculated at the 6-month Treasury rate in effect at the beginning
of the RA Period;

       (d) Any unvested stock options,  restricted  stock or performance  shares
held by the  Executive  on his last day of active work that would have vested by
the  scheduled  expiration of the  Employment  Period had the Executive not been
discharged  will vest on his last day of active  work  subject to the payment by

                                       5
<PAGE>

the  Executive  of all  applicable  taxes.  Any vested  stock option will remain
exercisable  after the Executive ceases active work in accordance with the terms
of the  applicable  award  relating  to  post-termination  exercise.  Any  stock
options,  performance  shares  or  restricted  stock not  already  vested on the
Executive's  last day of active  work or  vested on such last day in  accordance
with this  subparagraph  (d) will be  forfeited on the  Executive's  last day of
active work.

       (e) The Executive's  active  participation  in the Company's 401(k) Plan,
ESOP and SERP  will end on his last  day of  active  work,  and he will  earn no
vesting  service and no additional  benefits  under those plans after that date.
For purposes of receiving a distribution of his vested account balance under the
401(k) plan or ESOP,  the  Executive  will be  considered  to have  severed from
service with the Company on his last day of active work.

       (f) The Executive will remain covered by the Company  medical plan during
the RA Period under the same terms and conditions as an active employee.  At the
end of the RA Period the Executive will be entitled to continuation coverage for
himself and his eligible dependents under the plan's COBRA provisions at his own
expense.  The Executive's  participation in all other welfare benefit and fringe
benefit plans of the Company will end on the day he ceases active work,  subject
to any conversion rights generally available to former employees under the terms
of such plans.

       Any  amounts  payable to the  Executive  under this  Paragraph 6 shall be
reduced by the amount of the Executive's  earnings from other employment  (which
the Executive shall have an affirmative duty to seek;  provided,  however,  that
the  Executive  shall not be  obligated  to accept a new  position  which is not
reasonable comparable to his employment with the Company).

7.     Release.
       --------

       In consideration  for the payments and benefits set forth in Paragraph 6,
Executive agrees to execute and return to the Company a release in the following
form:

       "Kevin  Gilroy (the  "Executive")  and Arrow  Electronics,  Inc.  and its
affiliates  ("Arrow") each hereby  releases the other and its agents,  directors
and employees  from and against any and all claims  (statutory,  contractual  or
otherwise) arising out of the Executive's  employment or the termination thereof
or any  discrimination  in connection  therewith and for any further  additional
payments of any kind or nature  whatsoever  except as expressly set forth in the
employment  agreement  between  the  Executive  and Arrow dated as of January 1,
2007.  Without limiting the foregoing,  the Executive hereby releases Arrow from
any claim under the Age  Discrimination  in Employment Act and any other similar
law.  Nothing  contained  herein will be construed as impacting the  Executive's
right to claim unemployment benefits on account of his termination of employment
with  Arrow,  if any,  or  preventing  the  Executive  or Arrow  from  providing
information  to or making a claim  with any  governmental  agency to the  extent
permitted or required by law. This release will, however, constitute an absolute
bar to the recovery of any damages or additional compensation,  consideration or
relief of any kind or nature  whatsoever  arising out of or in  connection  with
such claim."

                                       6
<PAGE>

       The  executed  release  required by this  Paragraph 7 as a condition  for
payment  under  Paragraph  6 shall be given to the Company no later than 35 days
following the  Executive's  last day of active work. The Company will provide to
the Executive an executed  release in the same form promptly upon receipt of the
release signed by the Executive.  If the Executive fails to provide the executed
release by the expiration of such 35-day period,  the Executive will forfeit any
payments or benefits  still due under  Paragraph 6, including but not limited to
any unexercised  stock options the vesting of which was accelerated  pursuant to
the terms of Paragraph 6.

8.     Non-Disclosure; Non-Competition; Trade Secrets.
       -----------------------------------------------

       During  the  Employment  Period  and for a period of two years  after the
termination  of the  Employment  Period,  the  Executive  will not,  directly or
indirectly:

       (a) Disclosure of Information. Use, attempt to use, disclose or otherwise
make known to any person or entity  (other than to the Board of Directors of the
Company  or  otherwise  in the  course  of the  business  of  the  Company,  its
subsidiaries or affiliates and except as may be required by applicable law):

              (i) any knowledge or information,  including,  without limitation,
lists  of  customers  or  suppliers,   trade  secrets,   know-how,   inventions,
discoveries,  processes and formulae, as well as all data and records pertaining
thereto,  which he may  acquire in the course of his  employment,  in any manner
which  may be  detrimental  to or  cause  injury  or  loss to the  Company,  its
subsidiaries or affiliates; or

              (ii)  any  knowledge  or  information  of  a  confidential  nature
(including  all  unpublished  matters)  relating  to,  without  limitation,  the
business, properties,  accounting, books and records, trade secrets or memoranda
of the Company,  its subsidiaries or affiliates,  which he now knows or may come
to know in any manner which may be detrimental to or cause injury or loss to the
Company, its subsidiaries or affiliates.

       (b)  Non-Competition.  Engage or become  interested in the United States,
Canada or Mexico  (whether as an owner,  shareholder,  partner,  lender or other
investor, director, officer, employee,  consultant or otherwise) in the business
of distributing electronic parts, components,  supplies or systems, or any other
business that is competitive with the principal business or businesses then (or,
in the case of the  post-termination  covenant,  as of the date of  termination)
conducted by the Company,  its  subsidiaries or affiliates  (provided,  however,
that nothing  contained  herein shall  prevent the Executive  from  acquiring or
owning less than 1% of the issued and outstanding capital stock or debentures of
a  corporation  whose  securities  are  listed on the New York  Stock  Exchange,
American  Stock  Exchange,  or the National  Association  of Securities  Dealers
Automated  Quotation  System,  if such investment is otherwise  permitted by the
Company's Human Resource and Conflict of Interest policies).

       (c)  Solicitation.  Solicit or  participate  in the  solicitation  of any
business of any type conducted by the Company,  its  subsidiaries or affiliates,
during said term or thereafter,  from any person,  firm or other entity which is
or  was  at any  during  the  preceding  12  months  (or,  in  the  case  of the

                                       7
<PAGE>

post-termination   covenant,   during  the  12  months  preceding  the  date  of
termination) a supplier or customer, or prospective supplier or customer, of the
Company, its subsidiaries or affiliates; or

       (d)  Employment.  Employ or retain,  or arrange to have any other person,
firm  or  other  entity  employ  or  retain,  or  otherwise  participate  in the
employment  or retention of, any person who was an employee or consultant of the
Company, its subsidiaries or affiliates, at any time during the period of twelve
consecutive months immediately preceding such employment or retention.

       The  Executive  will  promptly  furnish in writing  to the  Company,  its
subsidiaries or affiliates,  any information reasonably requested by the Company
(including  any third  party  confirmations)  with  respect to any  activity  or
interest the Executive may have in any business.

       Except as expressly herein provided, nothing contained herein is intended
to prevent the  Executive,  at any time after the  termination of the Employment
Period,  from either (i) being gainfully  employed or (ii) exercising his skills
and  abilities  outside of such  geographic  areas,  provided in either case the
provisions of this Agreement are complied with.

9.     Preservation of Business.
       -------------------------

       (a) General.  During the  Employment  Period,  the Executive will use his
best  efforts to advance the  business  and  organization  of the  Company,  its
subsidiaries and affiliates,  to keep available to the Company, its subsidiaries
and affiliates,  the services of present and future employees and to advance the
business relations with its suppliers, distributors, customers and others.

       (b) Patents and Copyrights, etc. The Executive agrees, without additional
compensation,  to make  available to the Company all knowledge  possessed by him
relating to any methods, developments, inventions, processes, discoveries and/or
improvements (whether patented, patentable or unpatentable) which concern in any
way the  business  of the  Company,  its  subsidiaries  or  affiliates,  whether
acquired by the Executive  before or during his employment  hereunder,  provided
that the Executive shall not disclose to the Company any such knowledge acquired
by the Executive  prior to his employment by the Company and which is owned by a
third party.

       Any methods,  developments,  inventions,  processes,  discoveries  and/or
improvements (whether patented,  patentable or unpatentable) which the Executive
may  conceive of or make,  related  directly or  indirectly  to the  business or
affairs of the Company,  its  subsidiaries  or affiliates,  or any part thereof,
during the Employment  Period,  shall be and remain the property of the Company.
The  Executive  agrees  promptly to  communicate  and disclose all such methods,
developments,  inventions,  processes,  discoveries  and/or  improvements to the
Company and to execute and deliver to it any instruments deemed necessary by the
Company to effect the  disclosure  and  assignment  thereof to it. The Executive
also  agrees,  on request and at the expense of the Company,  to execute  patent
applications and any other  instruments  deemed necessary by the Company for the

                                       8
<PAGE>

prosecution of such patent  applications or the acquisition of Letters Patent in
the United States or any other country and for the  assignment to the Company of
any  patents  which may be issued.  The  Company  shall  indemnify  and hold the
Executive  harmless  from any and all costs,  expenses,  liabilities  or damages
sustained by the Executive by reason of having made such patent  applications or
being granted such patents.

       Any writings or other  materials  written or produced by the Executive or
under his  supervision  (whether  alone or with others and whether or not during
regular  business  hours),  during  the  Employment  Period  which are  related,
directly  or  indirectly,  to  the  business  or  affairs  of the  Company,  its
subsidiaries  or  affiliates,  or are  capable  of being used  therein,  and the
copyright  thereof,  common  law  or  statutory,   including  all  renewals  and
extensions,  shall be and remain the  property  of the  Company.  The  Executive
agrees  promptly to  communicate  and disclose all such writings or materials to
the Company and to execute and deliver to it any instruments deemed necessary by
the Company to effect the disclosure and assignment thereof to it. The Executive
further  agrees,  on request and at the expense of the Company,  to take any and
all  action  deemed  necessary  by the  Company  to obtain  copyrights  or other
protections  for such  writings or other  materials or to protect the  Company's
right, title and interest therein. The Company shall indemnify,  defend and hold
the Executive harmless from any and all costs, expenses,  liabilities or damages
sustained by the  Executive  by reason of the  Executive's  compliance  with the
Company's request.

       (c) Return of Documents.  Upon the termination of the Employment  Period,
including any termination of employment  described in Paragraph 6, the Executive
will  promptly  return to the Company  all copies of  information  protected  by
Paragraph 9(a) hereof or pertaining to matters  covered by  subparagraph  (b) of
this  Paragraph  9 which are in his  possession,  custody  or  control,  whether
prepared by him or others.

10.    Separability.
       -------------

       The  Executive  agrees that the  provisions  of Paragraphs 8 and 9 hereof
constitute   independent  and  separable   covenants  which  shall  survive  the
termination  of the  Employment  Period and which  shall be  enforceable  by the
Company  notwithstanding any rights or remedies the Executive may have under any
other provisions  hereof.  The Company agrees that the provisions of Paragraph 6
hereof  constitute  independent and separable  covenants which shall survive the
termination  of the  Employment  Period and which  shall be  enforceable  by the
Executive  notwithstanding any rights or remedies the Company may have under any
other provisions hereof.

11.    Specific Performance.
       ---------------------

       The Executive acknowledges that (i) the services to be rendered under the
provisions of this Agreement and the obligations of the Executive assumed herein
are of a special, unique and extraordinary character; (ii) it would be difficult
or impossible to replace such services and obligations;  (iii) the Company,  its
subsidiaries and affiliates will be irreparably damaged if the provisions hereof
are not specifically  enforced;  and (iv) the award of monetary damages will not

                                       9
<PAGE>

adequately protect the Company,  its subsidiaries and affiliates in the event of
a  breach  hereof  by the  Executive.  The  Company  acknowledges  that  (i) the
Executive will be  irreparably  damaged if the provisions of Paragraphs 6 hereof
are not  specifically  enforced and (ii) the award of monetary  damages will not
adequately  protect  the  Executive  in the  event  of a breach  thereof  by the
Company.  By virtue  thereof,  the  Executive  agrees  and  consents  that if he
violates any of the  provisions of this  Agreement,  and the Company  agrees and
consents that if it violates any of the  provisions of Paragraphs 6 hereof,  the
other party,  in addition to any other rights and remedies  available under this
Agreement or otherwise, shall (without any bond or other security being required
and  without  the  necessity  of proving  monetary  damages)  be  entitled  to a
temporary  and/or  permanent  injunction  to be issued  by a court of  competent
jurisdiction  restraining  the breaching party from committing or continuing any
violation  of this  Agreement,  or any  other  appropriate  decree  of  specific
performance.  Such  remedies  shall not be exclusive and shall be in addition to
any other remedy which any of them may have.

12.    Miscellaneous.
       --------------

       (a) Entire  Agreement;  Amendment.  This Agreement  constitutes the whole
employment  agreement  between the parties and may not be  modified,  amended or
terminated except by a written instrument  executed by the parties hereto. It is
specifically agreed and understood, however, that the provisions of that certain
letter agreement dated as of January 1, 2007 granting to the Executive  extended
separation  benefits  in the event of a change in control of the  Company  shall
survive  and shall not be  affected  hereby.  All other  agreements  between the
parties  pertaining  to the  employment  or  remuneration  of the  Executive not
specifically contemplated hereby or incorporated or merged herein are terminated
and shall be of no further force or effect.

       (b) Assignment.  Except as stated below, this Agreement is not assignable
by the Company without the written consent of the Executive, or by the Executive
without the written  consent of the Company,  and any  purported  assignment  by
either party of such party's  rights  and/or  obligations  under this  Agreement
shall be null and void; provided,  however, that, notwithstanding the foregoing,
the Company may merge or consolidate with or into another  corporation,  or sell
all or substantially all of its assets to another corporation or business entity
or otherwise reorganize itself, provided the surviving corporation or entity, if
not the Company, shall assume this Agreement and become obligated to perform all
of the terms and conditions  hereof, in which event the Executive's  obligations
shall continue in favor of such other corporation or entity.

       (c) Waivers,  etc. No waiver of any breach or default  hereunder shall be
considered valid unless in writing,  and no such waiver shall be deemed a waiver
of any subsequent  breach or default of the same or similar nature.  The failure
of any party to insist upon strict  adherence  to any term of this  Agreement on
any  occasion  shall not  operate  or be  construed  as a waiver of the right to
insist upon strict adherence to that term or any other term of this Agreement on
that or any other occasion.

       (d) Provisions  Overly Broad.  In the event that any term or provision of
this Agreement shall be deemed by a court of competent jurisdiction to be overly
broad in scope,  duration or area of  applicability,  the court  considering the
same shall have the power and hereby is  authorized  and directed to modify such
term or provision to limit such scope, duration or area, or all of them, so that

                                       10
<PAGE>

such term or provision  is no longer  overly broad and to enforce the same as so
limited.  Subject to the foregoing sentence,  in the event any provision of this
Agreement  shall be held to be invalid or  unenforceable  for any  reason,  such
invalidity or unenforceability shall attach only to such provision and shall not
affect or render invalid or unenforceable any other provision of this Agreement.

       (e)  Notices.  Any notice  permitted  or required  hereunder  shall be in
writing  and shall be deemed to have been given on the date of  delivery  or, if
mailed by registered or certified mail, postage prepaid, on the date of mailing:

              (i)    if to the  Executive  to:
                     Kevin Gilroy
                     329 Old Bailey Lane
                     West Chester, Pennsylvania 19382

              (ii)   if to the Company  to:
                     Arrow  Electronics,  Inc.
                     50 Marcus Drive Melville, New York 11747
                     Attention: Peter S. Brown
                                Senior Vice President and
                                General Counsel

Either  party may, by notice to the other,  change his or its address for notice
hereunder.

       (f) New York Law. This  Agreement  shall be construed and governed in all
respects by the internal laws of the State of New York, without giving effect to
principles of conflicts of law.

                                       11
<PAGE>

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

                                        ARROW ELECTRONICS, INC.

                                        By:  ________________________
                                             Peter S. Brown
                                             Senior Vice President &
                                             General Counsel

                                             THE EXECUTIVE

                                             ________________________
                                             Kevin Gilroy

                                       12

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