Document:

<PAGE>

                                                                   Exhibit 10.10

                              EMPLOYMENT AGREEMENT

     WHEREAS, the company identified below ("Company") employs the employee
identified below ("Employee") in the capacity identified below ("Position"); and

     WHEREAS, Employee desires to agree to the covenants relating to his
employment and post-employment activities in exchange for the undertakings of
Company hereunder.

     NOW, THEREFORE, in consideration of the foregoing, of the mutual promises
herein contained, and of other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties, intending legally to
be bound by this Employment Agreement ("Agreement"), agree as follows:

1.   Specifications and Definitions

(a)  Agreement Dated: April 10, 2007

(b)  Company: NanoDynamics, Inc.

(c)  Employee Name and Address:

     Glenn Spacht
     3 Broad Path
     Lloyd Neck, NY 11743

(d)  Position: Vice President and CTO

(e)  Base Salary: $175,000

(f)  Basic Term: Three (3) years from the date hereof.

(g)  Geographic Area of Non-Competition: shall mean the areas specified below:

     Worldwide.

     The Employee specifically acknowledges that this geographic restriction is
     reasonable given the scope of Employee's responsibilities.

(h)  Specific Field of Non-Competition shall mean any "Similar Business" as
     defined in Section 9(a).

(i)  Affiliated Company: shall mean Company and any other business organization
     in which Company directly or indirectly holds a twenty-five percent (25%)
     or greater ownership interest.

<PAGE>

2.   Employment

Company agrees to employ Employee in the Position as set forth in Section 1(d),
and Employee agrees to accept such employment on the terms and conditions herein
set forth.

3.   Term

The term of employment of Employee pursuant to this Agreement shall commence as
of the date hereof and shall continue for the number of years equal to the Basic
Term as defined in Section 1(f), and this Agreement shall be automatically
renewed for additional one-year terms unless and until sixty (60) days prior
written notice is given by either party to the other of the intent to not to
renew the term of this Agreement as provided herein.

4.   Duties

(a)  Employee shall, on a full-time basis, devote his best efforts and services
     to the Company in fulfilling the duties of the Position, which shall
     include duties normally associated with the Position at a comparable
     organization and such other duties as reasonably may be assigned from time
     to time by the CEO of the Company. Employee shall at all times conduct
     himself in a manner consistent with the duties and responsibilities of the
     Position. Employee shall at all times serve the best interests of the
     Company, reporting to and subject at all times to the direction and
     supervision of the CEO.

(b)  If Employee is elected or appointed a Director of Company or an Affiliated
     Company during the term of this Agreement, Employee agrees to serve in such
     capacity, and he shall be entitled to receive such further compensation as
     other employee Directors of the Company or an Affiliated Company are
     entitled to receive; but nothing herein shall be construed as requiring
     Company, or anyone else, to cause the election or appointment of Employee
     as a Director.

(c)  Employee represents and warrants that acceptance and delivery of this
     Agreement and the performance of his duties hereunder will not violate the
     terms of any other agreement to which he is or was a party or to which he
     is or was intended to be bound. Employee agrees not to enter into any
     agreement, either written or oral, which may conflict with this Agreement.
     Employee further represents and warrants that in performing his duties
     hereunder, he shall use his best efforts to comply with all applicable laws
     and regulations and that he immediately will report to the Board of
     Directors all material conduct by Company or its employees or agents
     (including Employee) which he knows or should have known is or may be
     illegal.

5.   Compensation and Benefits

(a)  The Base Salary may be reviewed periodically but not less frequently than
     once annually, and may be increased (but in no event decreased) to the
     extent, if any, determined by Company in its sole discretion.

                                       2

<PAGE>

(b)  Employee shall also be entitled to participate in any fringe benefit
     programs generally available to all employees of Company in accordance with
     and subject to the terms and conditions of such programs. If Employee
     elects not to participate in the Company's health insurance plans and
     policies as available and applicable to all employees, the Company shall
     pay the premiums for family health insurance coverage for Employee up to a
     maximum amount not to exceed $2,500 per month.

(c)  Company shall reimburse Employee for all reasonable and necessary business
     expenses incurred by him in the performance of his duties hereunder which
     are properly documented and in accordance with Company's policies and
     procedures as they may be amended from time to time.

(d)  In addition to Base Salary, on or before January 31 of each calendar year
     commencing in 2008, the Board of Directors shall establish an annual
     incentive compensation program consisting of both cash and stock options to
     be awarded to Employee based on corporate and individual performance during
     the applicable calendar year ("Incentive Compensation"). Awards shall be
     made as of January 31 of the following year. If Employee's employment is
     terminated for any reason, other than for "Just Cause" as defined in
     Section 13(a), during a calendar year, he shall be entitled to a pro rata
     share of the cash portion of the Incentive Compensation calculated at the
     end of such calendar year based on the number of months in the applicable
     calendar year prior to termination. The economic terms and performance
     criteria of the annual incentive compensation program shall be determined
     by the Board of Directors acting in its sole discretion.

6.   Illness, Incapacity or Death

(a)  If, during the term of this Agreement, Employee should be prevented from
     performing his duties by reason of illness or incapacity for an aggregate
     of one hundred eighty (180) days in any twelve (12) month period, then
     Company may immediately terminate this Agreement by ten (10) days notice in
     writing, in which event this Agreement shall thereupon terminate, and the
     provisions of Section 14 shall not apply and no further payments shall be
     due Employee from Company other than pursuant to any employee benefit plan
     or fringe benefit in which Employee participates.

(b)  If Employee dies during the term of this Agreement, this Agreement shall
     thereupon terminate, the provisions of Section 14 shall not apply and no
     further payments shall be due Employee from Company other than pursuant to
     any employee benefit plan or fringe benefit in which Employee participates.

7.   Non-Disclosure of Information

It is understood that the business of Company and any Affiliated Company is of a
confidential nature. During the period of Employee's employment by Company,
Employee may have received and/or may secure confidential information concerning

                                       3

<PAGE>

Company and any Affiliated Company which, if known to competitors thereof, would
damage Company and any Affiliated Company. Employee (i) agrees that during and
after the term of this Agreement he will not, directly or indirectly,
appropriate to his own use or to the use of any third party and (ii) agrees that
during the term of this Agreement and for a period of five (5) years after the
term of this Agreement, divulge or disclose, any secret, proprietary or
confidential information or knowledge, obtained by him during the term hereof,
concerning such confidential matters of Company and any Affiliated Company,
including, but not limited to, information pertaining to research and
development, trade secrets, systems, manuals, confidential reports, customers,
suppliers, costs, pricing, methods, processes, designs, equipment catalogs,
operating procedures, equipment and methods used and preferred by Company's
customers and suppliers and fees paid by them. Confidential information does not
include any information which Employee can demonstrate was publicly available
prior to Employee's receipt of such information or thereafter became publicly
available without any action on Employee's part. Information shall be deemed
"publicly available" if it becomes a matter of public knowledge or is contained
in materials available to the public or is obtained from any source other than
Company or any Affiliated Company (or their directors, officers, employees or
outside advisors) provided that such source has not entered into a
confidentiality agreement with Company or any Affiliated Company with respect to
such information or obtained the information from an entity or person parry to a
confidentiality agreement with Company or Affiliated Company. If Employee
becomes legally compelled to disclose any confidential information, Employee
will provide Company with immediate written notice so that Company may seek a
protective order or other appropriate remedy. If Company does not obtain such
protective order or other appropriate remedy, Employee will furnish only that
portion of the confidential information which Employee is legally required to
disclose.

8.   Trade Secrets

Employee covenants that he shall, while employed by Company, assign and transfer
over to Company or its designee all right, title and interest in and to all
trade secrets, secret processes, inventions, improvements, patents, patent
applications, trademarks, trademark applications, copyrights, copyright
registrations, discoveries and/or other developments (hereafter "Inventions")
which he may thereafter, alone or in conjunction with others, conceive, make,
acquire, or suggest at any time which relate to the products, processes, work,
research, or other activities of Company or any Affiliated Company. Any and all
Inventions which are of a proprietary nature and which Employee may conceive,
acquire or suggest, either alone or in conjunction with others, during his
employment with Company relating to or in any way pertaining to or in any way
connected with Company's or any Affiliated Company's business, shall be the sole
and exclusive property of Company or its designee; and Employee, whenever
required to do so by Company, shall, without further compensation or
consideration, properly execute any and all applications, assignments or other
documents which Company or its designee shall deem necessary in order to apply
for and obtain Letters Patent of the United States and/or comparable rights
afforded by foreign countries for the Inventions, or in order to assign and
convey to Company or its designee the sole and exclusive right, title and any
interest in and to the Inventions. This obligation shall continue beyond the
termination of this

                                       4

<PAGE>

Agreement with respect to Inventions conceived or made by Employee during the
term of his employment by Company, and shall be binding upon his assigns,
executors, administrators and other legal representatives.

9.   Covenant Not to Compete

For purposes of Sections 9 and 10, "Affiliated Company" shall be limited to an
Affiliated Company as defined in Section 1(i) with which Employee has had
substantial involvement during the term of his employment with Company. Employee
acknowledges that the services he has rendered and is to render are of a special
and unusual character with a unique value to Company, the loss of which cannot
adequately be compensated by damages in an action at law. In view of the unique
value to Company of the services of Employee for which Company has contracted
hereunder, the substantial goodwill of the Company that Employee has obtained
and will continue to obtain and because of the confidential information to be
obtained by or disclosed to Employee, and as a material inducement to Company to
enter into this Agreement and to pay to the Employee the compensation and
benefits stated in Section 5 and other promises contained herein, Employee
covenants and agrees as follows:

(a)  During Employee's term of employment with the Company and for eighteen (18)
     months thereafter, without regard to the reason for separation, Employee
     will not, without the prior written consent of Company, directly or
     indirectly, whether as a principal, agent, officer, director, employee,
     consultant or otherwise, one or in association with any other person, firm,
     corporation or other business organization, carry on, or be engaged,
     employed by, concerned or take part in, or render services to, or own,
     share in the earnings of or invest in the stock, bonds or other securities
     of any person, firm, partnership, corporation or other business
     organization (other than the ownership of less than 5% of the securities of
     any public company) engaged anywhere in the Geographic Area of
     Non-Competition set forth in Section 1(g), in a business which is in
     competition with (i) any of the businesses carried on by Company; (ii) any
     of the businesses carried on by an Affiliated Company; or (iii) any
     business which Company or any Affiliated Company anticipates entering or
     anticipated entering as of the date of Employee's separation as the result
     of an active research and development program (each of the foregoing being
     herein sometimes referred to as a "Similar Business"). Employee shall not,
     directly or indirectly, solicit or divert business from the Company, or
     attempt to convert to other methods of using the same or similar products
     or services provided by Company. Employee acknowledges and agrees that
     conduct of any said activities by any person other than Company could
     accordingly constitute competition with Company and is expressly prohibited
     by this Section 13.

(b)  As a separate and independent covenant, Employee agrees that during
     Employee's term of employment with the Company and for a period of eighteen
     (18) months thereafter, without regard to the reason for separation, he
     will not in any manner, directly or indirectly (except in the course of his
     employment with Company), for the purpose of conducting or engaging in any
     Similar Business,

                                       5

<PAGE>

     call upon, solicit, advise or otherwise do, or attempt to do, business with
     any clients, customers or accounts of Company or any Affiliated Company.

(c)  As a separate and independent covenant, during the term of Employee's
     employment with the Company, Employee shall promptly disclose to Company
     each business opportunity of a type which, based upon its prospects and
     relationship to the business of Company, Company might reasonably consider
     pursuing. If Employee's employment is terminated for any reason, Company
     shall have the exclusive right to participate in or undertake any such
     opportunity on its own behalf without any involvement by or remuneration to
     Employee.

10.  Covenant Not to Solicit

Employee agrees that during the term of his employment with Company and for a
period eighteen (18) months thereafter, without regard to the reason for
separation, Employee will not, directly or indirectly: (i) attempt to hire any
officer or employee of the Company or an Affiliated Company; (ii) assist in such
hiring by any other person, (iii) encourage any such employee to terminate his
employment with Company or an Affiliated Company, (iv) encourage any customer of
Company or an Affiliated Company to terminate its relationship with, as
applicable, Company or an Affiliated Company, and/or (v) encourage any supplier
of Company or Affiliated Company to terminate its relationship with, as
applicable, Company or an Affiliated Company.

11.  Remedies

(a)  Employee acknowledges and agrees that Company does not have any adequate
     remedy for a breach or threatened breach by Employee of any of the
     provisions of Sections 7, 8, 9, or 10. Company, in addition to and not in
     limitation of any other rights, remedies or damages available to company at
     law or in equity, shall be entitled to a temporary and permanent injunction
     in order to prevent or restrain any such breach or threatened breach by
     Employee or by Employee's partners, agents, representatives, servants,
     employers, employees, and/or persons directly or indirectly acting for or
     with him. Employee expressly waives any security that might otherwise be
     required in connection with obtaining such relief.

(b)  Employee agrees that, in the event he violates Sections 7, 8, 9, or 10 of
     this Agreement, he will forfeit the right to further compensation or
     benefits under Sections 5 or 13 of this Agreement and will be required to
     reimburse the Company for any compensation or benefits, including severance
     pay, that were provided to him during any period in which he was in
     violation.

12.  Reasonableness of Restrictions; Survival

(a)  Employee acknowledges that he has carefully read and considered the
     provisions of Sections 1(g), 1(h), 7, 8, 9, and 10; and having done so,
     agrees that the restrictions set forth in these paragraphs, including, but
     not limited to, the time period of the restrictions, the geographical areas
     of the restrictions and the scope of the restrictions set forth in Sections
     1(g), 1(h), 7, 8, 9, and 10 are fair and

                                       6

<PAGE>

     reasonable and are reasonably required for the protection of the compelling
     and legitimate business interests of Company and its officers, directors,
     and other employees.

(b)  Employee acknowledges that his agreement to be subject to and abide by the
     provisions of Sections 7, 8, 9, and 10 are material conditions to his
     employment with the Company and the Company's willingness to enter into
     this Agreement.

(c)  Employee acknowledges that the restrictions and limitations set forth in
     this Agreement will not prevent Employee from earning a living following
     his separation from employment with the Company.

(d)  (d) If any of the provisions of Sections 7, 8, 9 and/or 10 shall be held
     to be invalid or unenforceable, the remaining provisions thereof shall
     nevertheless continue to be valid and enforceable as though the invalid or
     unenforceable parts have not been included therein. If any provision of
     Sections 7, 8, 9, and 10 relating to the time period, the geographical
     areas of restriction and/or the scope of restrictions shall be declared by
     a court of competent jurisdiction to exceed the maximum time period, areas
     and/or scope such court deems reasonable and enforceable, the time period,
     geographical areas of restriction and/or scope of restriction deemed
     reasonable and enforceable by the court shall become and thereafter be the
     maximum time period, geographical areas or scope under this Agreement.

(e)  Sections 7, 8, 9, 10, 11, 12, 13 and 15 shall survive the termination of
     this Agreement.

13.  Termination for Just Cause; Voluntary Termination

(a)  Company may terminate this Agreement with Just Cause by giving written
     notice to Employee, and Company may direct Employee to cease activities
     related to the Agreement and vacate the premises of Company immediately.
     Just Cause shall exist if Employee:

          (1) is convicted of or pleads nolo contendere to a felony;

          (2) materially breaches this Agreement, provided, however, that any
          breach of Sections 7, 8, 9 and/or 10 shall be deemed to be material;
          or

          (3) engages in conduct constituting gross negligence that materially
          injures the Company or conduct that constitutes a gross disregard of
          his duties as set forth in Sections 1(d), 2 and 4 of this Agreement.

     For purposes of this Section 13(a) only, any action, or failure to act,
     shall not be considered "gross negligence" or "gross disregard" if it is
     done by Employee in good faith and with reasonable belief that his action
     or omission was in the best interest of the Company. Company shall provide
     written notice of its intention to immediately terminate hereunder for Just
     Cause, provided that in the case of

                                       7

<PAGE>

     termination under clauses (3) or (4) above, Company shall give thirty (30)
     days' written notice of its intention to terminate this Agreement, which
     notice shall state with particularity the acts and or reasons upon which
     Company bases such termination, during which 30-day period Employee shall
     have the opportunity to cure. If Employee is terminated for Just Cause, he
     shall not be entitled to receive any of the payments or benefits described
     in Section 14. Employee shall nevertheless be bound by the covenants of
     Sections 7, 8, 9, and 10.

(b)  Employee may terminate his employment by giving one hundred twenty (120)
     days' advance written notice to Company. Upon receipt of such one hundred
     twenty (120) days' written notice from Employee, Company may, at its sole
     discretion elect to terminate Employee's employment at any time thereafter
     prior to the Employee's designated last day of employment, and Company
     shall continue Employee's Base Salary for the remainder of such period or
     such shorter period as is mutually agreed upon. If Employee terminates his
     employment or is terminated after he provides notice under this Section
     13(b), Employee shall not be entitled to receive any of the payments or
     benefits described in Section 14, but he shall nevertheless be bound by the
     covenants of Sections 7, 8, 9, and 10.

14.  Termination Without Just Cause

(a)  If Company terminates Employee's employment at any time during the term of
     this Agreement without Just Cause (as Just Cause is defined in Section
     13(a) above) or upon expiration of the Basic term or any renewal term,
     Company shall provide written notice of its intention to terminate
     hereunder, and, provided Employee adheres to the covenants set forth in
     Sections 7, 8, 9, and 10, timely executes a general release of claims in a
     form satisfactory to Company and agrees to reasonably cooperate with the
     Company, Company will pay Employee, by regular payroll, an amount based on
     his Base Salary as of the date of termination, less applicable taxes, as
     severance pay for the unexpired portion of the Basic Term or any renewal
     term but not to exceed 12 months under any circumstances (the "Severance
     Period"). The first payment shall be made on the first regular payday
     occurring after Employee's execution and delivery of the general release of
     claims.

(b)  From the date of termination until expiration of the Severance Period, and
     subject to Employee's fulfillment of the obligations set forth in Section
     14(a) and subject to restrictions imposed under applicable tax and other
     laws and applicable plan provisions, Company shall pay the cost of
     continuing Employee's medical, dental, vision, and prescription drug
     benefits under the Consolidated Omnibus Budget Reconciliation Act
     ("COBRA"). The benefits provided by the preceding sentence shall be
     secondary and supplemental to any like benefits provided by a new employer.
     No other employee benefits, such as retirement, pension, 401k, savings,
     stock options or the like, or any other benefits, shall be continued during
     the Severance Period.

                                       8

<PAGE>

Employee shall be bound by the covenants of Sections 7, 8, 9, and 10 provided
the Company is not in default under this Agreement.

15.  Arbitration

Whenever a dispute (other than a dispute arising under Sections 7, 8, 9, and 10
of this Agreement) arises between the parties concerning this Agreement or the
employment relationship, including without limitation the termination thereof,
the parties shall use their best efforts to resolve the dispute by mutual
agreement. If such a dispute cannot be so resolved, it shall be submitted to
final and binding arbitration to the exclusion of all other avenues of relief,
and adjudicated pursuant to the American Arbitration Association's Rules for
Employment Disputes then in effect. In the event that the parties are unable to
agree upon an arbitrator, the AAA shall supply the names of seven (7)
arbitrators from which the Employee and the Company shall alternatively strike
names, the last name remaining shall be the designated arbitrator. The parry to
strike first shall be determined by the toss of a coin. The decision of the
arbitrator must be in writing and shall be final and binding on the parties, and
judgment may be entered on the arbitrator's award in any court having
jurisdiction thereof. The expenses of the arbitration shall be borne equally by
the parties, and each party shall be responsible for his or its own attorneys'
fees. For the purposes of this Section 15, the term "dispute" means all
controversies or claims relating to terms, conditions and privileges of
employment, including without limitation claims for breach of contract,
discrimination, harassment, wrongful discharge, misrepresentation, defamation,
emotional distress or any other personal injury, or indemnification, but
excluding claims for unemployment compensation or worker's compensation.

16.  Indemnification

Without limitation of any other indemnification provided by the Company's
Certificate of Incorporation or Bylaws or action of its Board of Directors,
Company agrees to indemnify Employee for all acts and omissions of Employee,
provided that Employee acted, or omitted to act, in good faith and in a manner
he reasonably believed to be in or not opposed to the best interests of Company
and consistent with Employee's Position. In furtherance of the foregoing,
Company agrees to advance to Employee upon presentation of invoices or other
documentation, reasonable expenses (including attorneys' fees, judgments, fines
and amounts paid in settlement) actually and reasonably incurred by him in
connection with such action, suit or proceeding. To the extent that such acts or
omissions are covered under Company's then-existing insurance policies for
Directors and Officers insurance, including but not limited to, employment
practices liability insurance, Employee agrees to surrender the defense of any
related dispute to Company or its designee if so elected by Company.

17.  Burden and Benefit

This Agreement shall be binding upon and shall inure to the benefit of Company
and Employee and their respective heirs, personal and legal representatives,
successors and assigns.

                                       9

<PAGE>

18.  Governing Law

In view of the fact that the principal office of the Company is located in
Buffalo, New York, it is understood and agreed that the construction and
interpretation of this Agreement shall at all times and in all respects be
governed by the laws of the State of New York (without giving effect to the
principles of conflict of laws).

19.  Separability

The invalidity of all or any part of any section of this Agreement shall not
render invalid the remainder of this Agreement or the remainder of such section.
If any provision of this Agreement is too broad as to be unenforceable, it is
expressly intended by the parties hereto that such provision shall be
interpreted to be only so broad as is enforceable.

20.  Section Headings

The section headings of this Agreement are for convenience of reference only and
shall not affect the construction or interpretation of any of the provisions
hereof.

21.  Counterparts

This Agreement may be executed in any number of counterparts, each of which
shall be deemed to be an original, but all of which together shall constitute
one and the same instrument.

22.  Entire Agreement; Amendment

This Agreement contains the entire agreement and understanding by and between
Company and Employee with respect to the employment of Employee, and no
representations, promises, agreement or understanding, written or oral, not
contained herein shall be of any force or effect. No change or modification of
this Agreement shall be valid or binding unless it is in writing and signed by
the party intended to be bound. No waiver of any provision of this Agreement
shall be valid unless it is in writing and signed by the party against whom the
waiver is sought to be enforced. No valid waiver of any provision of this
Agreement at any time shall be deemed a waiver of any other provision of this
Agreement at such time or at any other time, and Company's failure at any time
to require the performance by Employee of any of the terms hereof shall in no
way affect Company's right to thereafter enforce such terms.

23.  Notices

All notices or other communications which are required or may be given under
this Agreement shall be in writing and shall be deemed to have been duly given
if delivered or mailed, first class mail, postage prepaid, or delivered
personally, or by courier, to the following addresses:

                                       10

<PAGE>

     If Sent to Company:  NanoDynamics, Inc.
                          901 Fuhrmann Blvd.
                          Buffalo, NY 14203
                          Attention: Keith Blakely

     If Sent to Employee: At the Address Indicated
                          In the Records of Company

     IN WITNESS WHEREOF, Company and Employee have duly executed this Agreement
as of the day and year set forth in Section 1(a) above.

                                        NANODYNAMICS, INC.

                                        /s/ Keith A. Blakely
                                        ----------------------------------------
                                        By: Keith A. Blakely
                                        Its: CEO

                                        GLENN SPACHT

                                        /s/ Glenn Spacht
                                        ----------------------------------------

                                       11
<PAGE>
                                                                   Exhibit 10.10

                        AMENDMENT TO EMPLOYMENT AGREEMENT

                   BETWEEN NANODYNAMICS, INC. AND GLENN SPACHT

                               Amendment Number 1

      WHEREAS, NanoDynamics, Inc. ("Company") and Glenn Spacht ("Employee") are
parties to an employment agreement dated as of April 10, 2007 (the "Agreement");

      WHEREAS, Section 22 of the Agreement provides that the Agreement may be
changed or modified in writing; and

      WHEREAS, Company and Employee now desire to amend the Agreement, solely
for purposes of bringing the Agreement into compliance with the applicable
requirements of Section 409A of the Internal Revenue Code and the Treasury
Regulations promulgated thereunder ("Section 409A");

      NOW, THEREFORE, Company and Employee hereby agree, effective April 10,
2007, to the following amendments to the Agreement:

      FIRST: Section 5 (b) of the Agreement is hereby amended by the addition of
the following new sentence to the end thereof:

      "Each payment by Company for family health insurance coverage for Employee
      pursuant to the immediately preceding sentence shall be paid to Employee
      within fifteen (15) days of his presentation of the applicable premium
      invoice to Company and in all events prior to the last day of Employee's
      taxable year following the taxable year in which the premium invoice was
      received, and the amount so reimbursable during Employee's taxable year
      shall not affect any such reimbursements in any other taxable year of
      Employee. Employee shall provide each such premium invoice to Company
      within fifteen (15) days of his receipt thereof."

<PAGE>

      SECOND: Section 5(d) of the Agreement is hereby amended by the addition of
the following new sentence to the end thereof:

      "Any annual Incentive Compensation award earned by Employee, including, to
      the extent applicable, a prorated award, shall be paid to Employee by
      January 31 of the calendar year next following the calendar year for which
      the Incentive Compensation award was determined."

      THIRD: Section 14 of the Agreement is hereby amended by the addition of a
new Section 14 (c), to read in its entirety as follows:

      "(c)  Notwithstanding anything to the contrary contained in Section 14(a)
            or (b), for purposes of compliance with the requirements of Section
            409A(a) (2)(B)(i) of the Internal Revenue Code and the regulations
            promulgated thereunder (the "6-Month Delay Requirement"), any
            payments to be made by Company to Employee under Section 14(a) or
            (b) ("Separation Pay") which, if paid as provided in said Section
            would violate the 6-Month Delay Requirement (specifically for this
            purpose taking into account the exception provided for under
            Treasury Regulation Section 1.409A-1(b) (9)(iii)(A) where the
            Separation Pay does not exceed 200% of the lesser of (i) Employee's
            annualized compensation based upon his annual rate of pay from
            Company for his taxable year immediately preceding his taxable year
            in which his termination occurs, or (ii) the maximum amount of
            compensation that may be taken into account under a tax-qualified
            retirement plan pursuant to Internal Revenue Code Section 401(a)(17)
            for the year in which Employee's termination occurs), the payment of
            such Separation Pay shall be suspended as necessary to comply with
            the 6-Month Delay Requirement, and any such payments so suspended
            for such purpose shall be aggregated and paid by Company to Employee
            in a lump sum on the date of the next payment of Separation Pay
            payable following the end of the applicable suspension period under
            the 6-Month Delay Requirement. Further, any Separation Pay described
            in Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) to be paid to
            Employee hereunder shall be paid by no later than the last day of
            Employee's second taxable year following his taxable year in which
            his termination occurs."

      FOURTH: The Agreement is hereby amended by the addition of a new Section
24, to read in its entirety as follows:

      "24. Section 409A

                                       2

<PAGE>

      All payments of "nonqualified deferred compensation" (within the meaning
      of Section 409A) by Company to Employee are intended to comply with the
      requirements of Section 409A, and shall be interpreted consistent
      therewith. Neither Company nor Employee, individually or in combination,
      may accelerate any such deferred payment, except in compliance with
      Section 409A, and no amount shall be paid prior to the earliest date on
      which it is permitted to be paid under Section 409A. Notwithstanding
      anything to the contrary contained in Section 22, no amendment may be made
      under the Agreement if it would cause the Agreement or any payment under
      the Agreement to not be in compliance with the requirements of Section
      409A."

      FIFTH: Except to the extent hereinabove provided, all other provisions of
the Agreement shall remain in full force and effect.

      IN WITNESS WHEREOF, Company and Employee have duly executed this Amendment
Number 1, to be effective April 10, 2007.

                              NANODYNAMICS, INC.

                                  /s/ Richard L. Berger
                              --------------------------------------------------
                              By: Richard L. Berger
                              Its: President
                              Date: 6/25/07

                              GLENN SPACHT

                                  /s/ Glenn Spacht
                              --------------------------------------------------
                              Date: 5/22/07

                                       3<PAGE>

                                                                   Exhibit 10.11

                               NANODYNAMICS, INC.

                              CONSULTING AGREEMENT

     THIS CONSULTING AGREEMENT, effective as of May 1, 2007, is made by and
between Allan Rothstein, an individual residing at 34 Sousa Drive, Sands Point,
New York 11050 ("Consultant") and NanoDynamics, Inc., a Delaware corporation
with its principal place of business at 901 Fuhrmann Boulevard, Buffalo, New
York 14203 (together with its wholly-owned subsidiaries, "Nano").

     1. Services. Consultant shall consult with Nano's Chief Executive Officer
("CEO") and such other members of senior management of Nano as CEO designates
with regard to various transactions in which Nano may be involved, such as
product or technology licensing arrangements, research and development
sponsorships, mergers, acquisitions, joint ventures and any other transaction
reasonably requested and specifically identified in writing by Nano (a
"Transaction"). Consultant will advise and assist Nano in the course of its
negotiation of any Transaction(s) and, if requested by Nano, will participate
directly in such negotiations.  The services to be performed by Consultant in
accordance with this Agreement are referred to herein as the "Consulting
Services."

     2. Term. The term of this Agreement shall continue until March 31, 2010
(the "Initial Term") and shall automatically renew for successive one-year
periods (each, a "Renewal Term") unless written notice of non-renewal is given
by either party not less than sixty (60) days' prior to the expiration of the
Initial Term or any Renewal Term, as applicable. As used herein, "Term" shall
mean the period commencing on the date hereof and ending on the date this
Agreement terminates in accordance with the provisions of this paragraph or
paragraph 3 below.

     3. Termination.

          a. Consultant may terminate this Agreement upon sixty (60) days' prior
written notice to Nano.

          b. Nano may terminate this Agreement upon (i) the death or Disability
of Consultant or (ii) for Cause. "Disability" shall mean the inability or
failure of Consultant to provide Consulting Services for any sixty (60)
continuous days or for a total of one hundred-twenty (120) days during any one
year period of the Term. "Cause" shall mean Consultant has been found by Nano's
Board of Directors (the "Board") to have (i) committed fraud or gross negligence
in connection with the Consulting Services or otherwise with respect to the
business and affairs of Nano; (ii) engaged in misconduct with respect to the
business and affairs of the Company with actual knowledge that such actions
violate legal directions and instructions of the Board consistent with this
Agreement; or (iii) been found by a court of competent jurisdiction to have
committed or plead guilty to an unlawful act whether or not related to the
business of Nano if the commission of such act has a material adverse effect
either on (a) Consultant's ability to perform the Consulting Services or (b)
Nano's reputation and goodwill. Cause shall be found only after Consultant has
received notice from the Board, has had an opportunity to

                                       1
<PAGE>

discuss the issues with the Board and has been given a thirty (30) day period
to cure, where cure is feasible

          c. In the event this Agreement is terminated by Nano other than for
Disability or Cause, Nano shall continue to make the payments required by
paragraphs 4(a), 4(c) and 4(d) below with respect to the balance of the Initial
Term or any Renewal Term, as applicable. In the event of termination because of
Consultant's death, Nano shall continue to make the payments required by
paragraph 4(a) for the lesser of six (6) months or the balance of the Initial
Term or any Renewal Term, as applicable.

     4. Compensation and Expenses. In consideration of Consultant's performance
of the Consulting Services, Consultant shall be entitled to the following:

          a. Nano shall pay Consultant a monthly cash fee of $13,500, payable in
quarterly installments.

          b. Nano will reimburse Consultant on a monthly basis for any
reasonable and necessary expenses incurred by Consultant in connection with the
execution of the Consulting Services, including all travel expenses incurred to
and from all work sites, business related meal expenses, administrative
expenses, lodging expenses (if work demands overnight stays) and other
miscellaneous travel-related expenses (parking and tolls), provided that
expenditures in excess of $1,000 must be pre-approved by Nano.

          c. Nano will continue to make all lease payments for the offices at 98
Cuttermill Road, Suite 370, Great Neck, New York 11021 until the expiration of
the lease on or about February 28, 2010. During such period, Nano shall provide
Consultant with use of such space on a basis substantially equivalent to the use
of such space during the period in which Consultant served as Nano's Chairman of
the Board.

          d. In the event a Transaction with respect to which Consultant has
performed Consulting Services is completed with twelve (12) months following the
Term, Nano shall pay Consultant a fee (the "Transaction Fee") equal to (i) 5% of
the first $1,000,000 of the consideration paid in such transaction; (ii) 4% of
the second $1,000,000 of the consideration paid in such transaction; (iii) 3% of
the next $1,000,000 of the consideration paid in such transaction; (iv) 2% of
the next $1,000,000 of the consideration paid in such transaction; and (v) 1% of
any consideration in excess of $5,000,000. The Transaction Fee shall be paid to
Consultant within two (2) business days following the closing of the
Transaction, except with respect to any portion of the Transaction consideration
that is payable in installments where the Transaction Fee payments shall be made
to Consultant at the same time. Notwithstanding the foregoing, Nano shall not be
obligated to pay any Transaction Fee with respect to a Transaction completed
after the Term if this Agreement was terminated by Nano for Cause.

     5. Confidential Information. Consultant recognizes and acknowledges that
the technology, product candidates, development and business plans,
etc.("Confidential Information") possessed by Nano or otherwise under Nano's
control are valuable property rights

                                  2

<PAGE>

to be kept confidential and secret, and therefore agrees to keep confidential
and not disclose or use (except in connection with the fulfillment of the
Consulting Services under this Agreement) any Confidential Information.
Confidential Information shall not include information that: (a) is now or
subsequently becomes generally available to the public through no wrongful act
or omission of Consultant or anyone to whom Consultant disclosed such
information; (b) Consultant can demonstrate by its written records to have had
rightfully in its possession prior to disclosure to Consultant by Nano; (c) can
be demonstrated by Consultant's written records to have been independently
developed by the Consultant without use, directly or indirectly, of any
Confidential Information; or (d) the Consultant rightfully obtains from a third
party who has the right to transfer or disclose it.

     6. Nondisclosure. Except as has been specifically authorized by Nano in
writing, Consultant shall not reproduce, use, distribute, disclose or otherwise
disseminate the Confidential Information and shall not take any action causing,
or fail to take any reasonable action necessary to prevent any Confidential
Information disclosed to Consultant to lose its character as Confidential
Information. Consultant shall use the Confidential Information solely for the
purpose of providing consulting services to Nano under this Agreement.
Consultant shall not remove Confidential Information from Nano or the
location(s) designated by Nano except as expressly permitted in writing by Nano.

     7. Return of Information. Upon termination of this Agreement or earlier
upon request by Nano, Consultant shall promptly deliver to Nano all Confidential
Information and all embodiments thereof then in its custody, control or
possession.

     8. Representation of Consultant. Consultant hereby represents that there
are no binding agreements to which the Consultant is a party or by which
Consultant is bound, forbidding or restricting his/her activities herein. In
addition, the Consultant consents to being named as a Consultant in various
reports, brochures or other documents produced by or on behalf of Nano,
including any and all documents filed with the Securities and Exchange
Commission.

     9. Ownership of Inventions. In consideration for the compensation paid to
Consultant by Nano in paragraph 4, Consultant hereby assigns to Nano all right,
title and interest in all inventions which arise from consulting activities for
Nano hereunder, and agrees to cooperate fully in the prosecution of any patent
application resulting from any such invention, at the expense of Nano, which
cooperation shall include executing any necessary documents in connection
therewith.

     10. Independent Contractor. Consultant shall be deemed at all times to be
an independent contractor and shall be wholly responsible for the manner in
which he/she performs the services required of him/her by the terms of this
Agreement.  Nothing contained in this Agreement shall be construed as creating
the relationship of employer and employee between Consultant and Nano.

     11. Liability; Indemnification. Consultant shall not be liable to Nano, or
to anyone who may claim any right due to any relationship with Nano, for any
acts or omissions in the performance of the Consulting Services, except when
said acts or omissions arise from Consultant's willful misconduct or gross
negligence. Nano shall indemnify and hold Consultant

                                     3

<PAGE>

free and harmless from any obligations, costs, claims, judgments, attorneys'
fees, and attachments arising from or in any way connected with the Consulting
Services, except when the same shall arise from Consultant's willful misconduct
or gross negligence as adjudicated by a court of competent jurisdiction.

     12. Assignment. It is understood and agreed that the services to be
performed by the Consultant under this Agreement are personal in character and
neither this Agreement nor any duties or obligations hereunder shall be assigned
or delegated by Consultant without prior approval by Nano.

     13. Agency. The parties do not intend that any agency, license or
partnership relationship be created between them by this Agreement.

     14. Governing Law; Consent to Jurisdiction. This Agreement shall be
governed by and construed in accordance with the laws of the State of New York.

     15. Arbitration. Any dispute relating to this Agreement shall be submitted
to and decided by the American Arbitration Association in accordance with the
rules of the American Arbitration Association.

     16. Notices. All notices to be given by the parties hereto shall be in
writing and served either by personal delivery or by depositing same in the
United States mail, postage prepaid, and addressed to the parties as indicated
in the beginning of this Agreement.

     17. Severability. If any term or provision of this Agreement shall be found
to be illegal or unenforceable by a court of competent jurisdiction, the
remaining provisions will nevertheless continue in full force and effect without
being impaired or invalidated in any way.

     18. Survival. The provisions of this Agreement relating to confidentiality,
assignment of inventions, and cooperation during patent prosecution shall
survive any termination or expiration hereof.

     19. Entire Agreement. This Agreement constitutes the entire agreement
between the parties regarding the subject matters set forth herein and
supersedes any and all prior and contemporaneous agreements, representations,
and understandings of the parties, whether written or oral, regarding such
matters.  This Agreement may not be changed, modified, amended or supplemented
except by written instrument signed by both parties.

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

NANODYNAMICS, INC.                  CONSULTANT

By: /s/ Keith A. Blakely            /s/ Allan Rothstein
    --------------------            ---------------------------
Name:   Keith A. Blakely            Allan Rothstein
Title:  Chief Executive Officer

                                       4

<PAGE>
                        AMENDMENT TO CONSULTING AGREEMENT

                 BETWEEN NANODYNAMICS, INC. AND ALLAN ROTHSTEIN

                               Amendment Number 1

      WHEREAS, NanoDynamics, Inc. ("Company") and Allan Rothstein ("Consultant")
are parties to a consulting agreement dated as of May 1, 2007 (the "Agreement");

      WHEREAS, paragraph 19 of the Agreement provides that the Agreement may be
changed, modified, amended or supplemented in writing; and

      WHEREAS, Company and Consultant now desire to amend the Agreement, solely
for purposes of bringing the Agreement into compliance with the applicable
requirements of Section 409A of the Internal Revenue Code and the Treasury
Regulations promulgated thereunder ("Section 409A");

      NOW, THEREFORE, Company and Consultant hereby agree, effective May 1,
2007, to the following amendments to the Agreement:

      FIRST:    Paragraph 3 of the Agreement is hereby amended by the
addition of a new paragraph 3(d), to read in its entirety as follows:

                  "d. Notwithstanding anything to the contrary contained in this
      paragraph 3, for purposes of compliance with the requirements of Section
      409A(a)(2)(B)(i) of the Internal Revenue Code and the regulations
      promulgated thereunder (the "6-Month Delay Requirement"), any payments to
      be made by Company to Consultant under paragraph 3(c) ("Termination Pay")
      which, if paid as provided in paragraph 3(c) would violate the 6-Month
      Delay Requirement (specifically for this purpose taking into account the
      exception provided for under Treasury Regulation Section
      1.409A-1(b)(9)(iii)(A) where the Termination Pay does not exceed 200% of
      the lesser of (i) Consultant's annualized compensation

<PAGE>

      based upon his annual rate of pay from Company for his taxable year
      immediately preceding his taxable year in which this Agreement is
      terminated, or (ii) the maximum amount of compensation that may be taken
      into account under a tax-qualified retirement plan pursuant to Internal
      Revenue Code Section 401(a)(17) for the year in which this Agreement is
      terminated), the payment of such Termination Pay shall be suspended as
      necessary to comply with the 6-Month Delay Requirement, and any such
      payments so suspended for such purpose shall be aggregated and paid by
      Company to Consultant in a lump sum on the date of the next payment of
      Termination Pay payable following the end of the applicable suspension
      period under the 6-Month Delay Requirement. Further, any Termination Pay
      described in Treasury Regulation Section 1.409A-1(b)(9)(iii)(A) to be paid
      to Consultant hereunder shall be paid by no later than the last day of
      Consultant's second taxable year following his taxable year in which this
      Agreement is terminated."

      SECOND:  Paragraph 4(a) of the Agreement is hereby amended to read in
its entirety as follows:

                  "a. Nano shall pay Consultant a monthly cash fee of $13,500,
      payable in the amount of $40,500 at the end of each third calendar month
      occurring during the Term."

      THIRD:   The Agreement is hereby amended by the addition of a new
paragraph 20, to read in its entirety as follows:

      "20. SECTION 409A. All payments of "nonqualified deferred compensation"
(within the meaning of Section 409A) by Company to Consultant are intended to
comply with the requirements of Section 409A, and shall be interpreted
consistent therewith. Neither Company nor Consultant, individually or in
combination, may accelerate any such deferred payment, except in compliance with
Section 409A, and no amount shall be paid prior to the earliest date on which it
is permitted to be paid under Section 409A. Notwithstanding anything to the
contrary contained in paragraph 19, no amendment may be made under the Agreement
if it would cause the Agreement or any payment under the Agreement to not be in
compliance with the requirements of Section 409A."

                                       2
<PAGE>

      FOURTH:     Except to the extent hereinabove provided, all other
provisions of the Agreement shall remain in full force and effect.

      IN WITNESS WHEREOF, Company and Consultant have duly executed this
Amendment Number 1, to be effective May 1, 2007.

                                          NANODYNAMICS, INC.

                                               /s/ Keith A. Blakely
                                          -------------------------------------
                                          By:  Keith A. Blakely
                                          Its:  Chief Executive Officer
                                          Date:  6/28/07

                                          ALLAN ROTHSTEIN

                                               /s/ Allan Rothstein
                                          -------------------------------------
                                          Date:  6/28/07

                                       3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00125-of-00352.parquet"}]]