Document:

exhibit_10-2.htm

    Exhibit
      10.2

     

    WARRANT
      TO PURCHASE

    SHARES
      OF

    ACCOUNTABILITIES,
      INC.

     

    NEITHER
      THIS WARRANT NOR ANY SECURITIES PURCHASABLE UPON EXERCISE HEREOF HAVE BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933 OR ANY STATE SECURITIES
      LAWS.  THIS WARRANT HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A
      VIEW TO DISTRIBUTION OR RESALE, AND NEITHER THIS WARRANT NOR ANY SECURITIES
      PURCHASABLE UPON EXERCISE HEREOF MAY BE SOLD OR OTHERWISE TRANSFERRED WITHOUT
      AN
      EFFECTIVE REGISTRATION STATEMENT FOR SUCH SHARES UNDER THE SECURITIES ACT OF
      1933 AND ANY APPLICABLE STATE SECURITIES LAWS, OR EVIDENCE REASONABLY
      SATISFACTORY TO THE CORPORATION THAT REGISTRATION IS NOT REQUIRED UNDER SUCH
      ACT
      AND LAWS.

     

    _________________________

     

    This
      is
      to certify that, FOR VALUE RECEIVED, __________________ (the “Holder”) or
      registered assigns is entitled to purchase, subject to the provisions of this
      Warrant, from Accountabilities, Inc., a Delaware corporation (the
“Corporation”), ___________________ (________) shares of the Corporation’s
      Common Stock, $.0001 par value per share (the “Common Stock”), at an exercise
      price of seventy-five cents ($.75) per share (the “Warrant Price”), at any time
      prior to 5:00 p.m. New York City time on March 15, 2009 (the “Expiration Date”),
      at which time this Warrant shall expire and become void.  The number
      of shares to be received upon the exercise of this Warrant and the price to
      be
      paid for each share shall be adjusted from time to time as hereinafter set
      forth.  The shares or other securities or property deliverable upon
      such exercise, as adjusted from time to time, are hereinafter sometimes referred
      to as “Warrant Shares” and the exercise price of a share in effect at any time
      and as adjusted from time to time is hereinafter sometimes referred to as the
      “Warrant Price.”  Unless the context otherwise requires, the term
“Warrant” or “Warrants” as used herein includes this Warrant and any other
      Warrant or Warrants which may be issued pursuant to the provisions of this
      Warrant, whether upon transfer, assignment, partial exercise, divisions,
      combinations, exchange or otherwise, and the term “Holder” includes any
      transferee or transferees or assignee or assignees of the Holder named above,
      all of whom shall be subject to the provisions of this Warrant, and, when used
      with reference to Warrant Shares, means the holder or holders of such Warrant
      Shares.

     

    Section
      1.  Exercise.  This
      Warrant may be exercised in whole or in part at any time or from time to time
      before 5:00 P.M., New York City Time, on the Expiration Date, or if such day
      is
      a day on which Federal or State chartered banking institutions located in the
      State of New Jersey are authorized by law to close, then on the next succeeding
      day which shall not be such a day, by presentation and surrender hereof to
      the
      Corporation at its principal office, with the Purchase Form annexed hereto
      duly
      executed and accompanied by payment, in cash or certified or official bank
      check
      payable to the order of the Corporation, of the aggregate Warrant Price for
      the
      number of Warrant Shares specified in such form.  If this Warrant
      should be exercised in part only, the Corporation shall, upon presentation
      of
      this Warrant upon such exercise, execute and

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    deliver
      a
      new Warrant, dated the date hereof, evidencing the rights of the Holder thereof
      to purchase the balance of the Warrant Shares purchasable hereunder under the
      same terms and conditions as herein set forth.  Upon and as of receipt
      by the Corporation of this Warrant at its office, in proper form for exercise
      and accompanied by payment as herein provided, the Holder shall be deemed to
      be
      the holder of record of the Warrant Shares issuable upon such exercise and
      admitted as a shareholder of the Corporation, notwithstanding that the transfer
      books of the Corporation shall then be closed.

     

    Section
      2.  Reservation
      of Shares.  The Corporation hereby agrees that at all times until
      expiration of this Warrant there shall be reserved for issuance and/or delivery
      upon exercise of this Warrant such number of shares of Common Stock as shall
      be
      required for issuance or delivery upon exercise of this Warrant.

     

    
      	
                
                Section 3.  

            	
              Exchange
                or Loss of Warrant.

            

    

     

    3.1  This
      Warrant is exchangeable, without expense, at the option of the Holder, upon
      presentation and surrender hereof to the Corporation at its principal office,
      for other Warrants of different denominations entitling the Holder thereof
      to
      purchase in the aggregate the same number of Warrant Shares purchasable
      hereunder on the same terms and conditions as herein set forth.

     

    3.2  Upon
      receipt by the Corporation of evidence satisfactory to it of the loss, theft,
      destruction or mutilation of this Warrant, and (in the case of loss, theft
      or
      destruction) of reasonably satisfactory indemnification, and upon surrender
      and
      cancellation of this Warrant, if mutilated, the Corporation will execute and
      deliver a new Warrant of like tenor and date and any such lost, stolen, or
      destroyed Warrant shall thereupon become void.  Any such new Warrant
      executed and delivered shall constitute an additional contractual obligation
      on
      the part of the Corporation, whether or not the Warrant so lost, stolen,
      destroyed or mutilated shall be at any time enforceable by anyone.

     

    Section
      4.  Adjustment
      of Warrant Price and Number of Warrant Shares.  The Warrant Price
      and the number and kind of securities purchasable upon the exercise of this
      Warrant shall be subject to adjustment from time to time upon the happening
      of
      certain events or as otherwise provided in this Section 4.  The
      Warrant Price in effect at any time and the number and kind of securities
      purchasable upon exercise of this Warrant shall be subject to adjustment as
      follows:

     

    4.1  Share
      Dividends, Reclassification and Recapitalization.  In case the
      Corporation shall (i) pay a dividend or make a distribution on all of its
      outstanding shares of Common Stock in shares of Common Stock, (ii) subdivide,
      reclassify or recapitalize its outstanding shares of Common Stock into a greater
      number of shares, or (iii) combine, reclassify or recapitalize its outstanding
      shares of Common Stock into a smaller number of shares, the Warrant Price in
      effect at the time of the record date for such dividend or distribution or
      on
      the effective date of such subdivision, combination, reclassification or
      recapitalization and the number of shares issuable upon the exercise of this
      Warrant shall, if necessary to give equitable effect to the Holder, be
      proportionately adjusted and the Holder of any Warrant exercised after such
      date
      shall be entitled to receive the aggregate number and kind of shares which,
      if
      such Warrant had been exercised

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    immediately
      prior to such time, the Holder would have owned upon such exercise and been
      entitled to receive upon such dividend, subdivision, combination,
      reclassification or recapitalization.  Such adjustment shall be made
      successively whenever any event listed in this Section 4.1 shall
      occur.

     

    4.2  Notice
      of Adjustment.  Whenever the number of Warrant Shares purchasable
      upon the exercise of this Warrant or the Warrant Price of such Warrant Shares
      is
      adjusted, as herein provided, the Corporation shall file in the custody of
      its
      Secretary or an Assistant Secretary at its principal office, an officer’s
      certificate setting forth the number of Warrant Shares purchasable upon the
      exercise of this Warrant and the Warrant Price of the Warrant Shares after
      such
      adjustment, setting forth a brief statement of the facts requiring such
      adjustment and setting forth the computation by which such adjustment was
      made.  Each such officer’s certificate shall be made available at all
      reasonable times for inspection by the Holder of this Warrant and the
      Corporation shall, forthwith after each such adjustment, mail a copy of such
      certificate to such Holder by first-class mail, postage prepaid.

     

    4.3  No
      Adjustment for Distributions.  No adjustment in respect of any
      cash distributions by the Corporation shall be made during the term of this
      Warrant or upon exercise of this Warrant.

     

    4.4  Purchase
      Rights Upon Reorganization, Merger, Consolidation, etc.  In the
      event of any capital reorganization of the Company (other than an event referred
      to in Section 4.1), or in case of the consolidation of the Company with, the
      merger of the Company with or into or the sale of all or substantially all
      of
      the properties and assets of the Company to any other person, if in connection
      therewith consideration other than cash is payable to the company or holders
      of
      Common Stock (or other securities or property purchasable upon exercise of
      this
      Warrant) in exchange therefore, this Warrant shall remain subject to the terms
      and conditions set forth in this Warrant and this Warrant shall, after such
      capital reorganization, consolidation, merger or sale be convertible into the
      number of shares of stock or other securities or assets to which a holder of
      the
      number of shares of Common Stock receivable (at the time of such capital
      reorganization, reclassification of such Common Stock, consolidation, merger
      or
      sale) upon exercise of this Warrant would have been entitled if this Warrant
      had
      been exercised immediately prior to such capital reorganization,
      reclassification of such Common Stock, consolidation, merger or sale; and in
      any
      such case, if necessary, the provisions set forth in this Warrant with respect
      to the rights and interests thereafter of the Warrantholder shall be
      appropriately adjusted so as to be applicable, as nearly as may reasonably
      be,
      to any shares of stock or other securities or assets thereafter deliverable
      on
      the exercise of this Warrant.  The Company shall not effect any such
      consolidation, merger or sale, unless prior to or simultaneously with the
      consummation thereof, the successor corporation (if other than the Company)
      resulting from such consolidation or merger or the corporation purchasing such
      assets or the appropriate corporation or entity shall assume, by written
      instrument, the obligation to deliver to the Warrantholder the shares of stock,
      securities or assets to which the Holder may be entitled pursuant to this
      Section 2(e).

     

    4.5  Cash
      Transactions; Dissolution.  Notwithstanding Section 4.4, (i) if
      the Company merges or consolidates with, or sells all or substantially all
      of
      its property and assets to, any other person and consideration is payable to
      holders of Common Stock in exchange for their Common Stock in connection with
      such merger, consolidation or sale which consists solely of cash, or
      (ii)

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    in
      the
      event of the dissolution, liquidation or winding up of the Company, then the
      Warrantholder may exercise this Warrant immediately prior to such event and
      participate as a holder of Common Stock (or other securities issuable upon
      exercise of this Warrant) with respect to such event.  Upon receipt of
      such payment at the option of the Warrantholder, if any, the rights of the
      Warrantholder shall terminate and cease and this Warrant shall be deemed
      exercised in full.  In case of any such merger, consolidation or sale
      of assets, the surviving or acquiring person and, in the event of any
      dissolution, liquidation or winding up of the Company, the Company, shall
      promptly, after receipt of this surrendered Warrant, make payment by delivering
      a check in such amount as is appropriate (or, in the case of consideration
      other
      than cash, such other consideration as is appropriate) to such person as it
      may
      be directed in writing by the Warrantholder surrendering this
      Warrant.

     

    Section
      5.  No
      Rights as Shareholder; Notices to Shareholders.  Nothing contained
      in this Warrant shall be construed as conferring upon the Holder or any
      transferee the right to vote or to receive distributions or to consent or to
      receive notice as a shareholder in respect of any meeting of shareholders for
      the election of directors of the Corporation or any other matter, or any rights
      whatsoever as a shareholder of the Corporation, prior to the valid exercise
      of
      this Warrant .

     

    Section
      6.  Notice
      of Certain Proposed Actions.  In case at any time after this
      Warrant becomes exercisable the Corporation shall propose:

     

    (a)  to
      pay or
      make any distribution to all holders of its Common Stock; or

     

    (b)  to
      issue
      any rights, warrants or other securities to all holders of its Common Stock
      entitling them to purchase any additional shares or any rights, warrants or
      other securities; or

     

    (c)  to
      effect
      any reclassification or change of outstanding shares of Common Stock, or any
      consolidation, merger, sale, lease or conveyance of property described in
      Section 4; or

     

    (d)  to
      effect
      any liquidation, dissolution or winding-up of the Corporation;

     

    then,
      and
      in any one or more of such cases, the Corporation shall give written notice
      thereof, by registered mail, postage prepaid, to the Holder, at the Holder’s
      address as it shall appear in the books and records of the Corporation, mailed
      at least 10 days prior to the earlier to occur of (i) the date as of which
      the
      holders of record of shares of Common Stock to be entitled to receive any such
      distribution, rights, warrants or other securities are to be determined, or
      (ii)
      the date on which any such reclassification, change of its outstanding shares
      of
      Common Stock, consolidation, merger, sale, lease, conveyance of property,
      liquidation, dissolution, or winding up is expected to become effective, and
      the
      date as of which it is expected that holders of record of shares of its Common
      Stock, as the case may be, shall be entitled to exchange their shares or
      warrants for securities or other property, if any, deliverable upon such
      reclassification, change of

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    outstanding
      shares, consolidation, merger, sale, lease, conveyance of property, liquidation,
      dissolution, or winding up.

     

    Section
      7.  Transfer
      to Comply with the Securities Act of 1933.

     

    7.1  Neither
      this Warrant nor the Warrant Shares may be sold or otherwise disposed of except
      to a person who, in the opinion of counsel in form and substance satisfactory
      to
      the Corporation, is a person to whom this Warrant or the Warrant Shares may
      be
      legally transferred within the terms of this Warrant and without registration
      and without the delivery of a current prospectus with respect thereto under
      the
      Securities Act of 1933, as amended, and then only against receipt of an
      agreement of such person to comply with the provisions of this Section 7 with
      respect to any resale or other disposition of such Warrant or Warrant Shares
      unless, in the opinion of counsel, such agreement is not required;
      or

     

    7.2  Each
      certificate for Warrant Shares, if any, or for any other security issued or
      issuable upon exercise of this Warrant shall contain a legend on the face
      thereof, in the form and substance satisfactory to counsel of the Corporation,
      setting forth the restrictions on transfer thereof contained in Section 7.1
      hereof.

     

    Section
      8.  Governing
      Law.  This Warrant shall be construed in accordance with the laws
      of New Jersey applicable to contracts executed and to be performed wholly within
      such state.

     

    Section
      9.  Notice.  Notices
      and other communications to be given to the Holder of the Warrants evidenced
      by
      this certificate shall be deemed to have been sufficiently given, if delivered
      or mailed, addressed in the name and at the address of such owner appearing
      on
      the records of the Corporation, and if mailed, sent registered or certified
      mail, postage prepaid.  Notices or other communications to the
      Corporation shall be deemed to have been sufficiently given if delivered by
      hand
      or mailed postage prepaid, to the Corporation at  500 Craig Road,
      Suite 201, Manalapan, New Jersey 07726.

     

    IN
      WITNESS WHEREOF, the Corporation has executed this Warrant as of the ___
      day of ____________, 2007.

     

    
      	 	ACCOUNTABILITIES,
              INC.	 
	 	 	 	 
	
               

            	
              By:
                

            	/s/ 	 
	 	 	Name: 	 
	 	 	Title: 	 
	 	 	 	 

    

    

     

    

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    PURCHASE
      FORM

     

    
      	
               

            	
              (To
                be executed by the holder of the Warrant if he (it) desires to exercise
                the Warrant in whole or in part)

            

    

     

    TO:
      ACCOUNTABILITIES, INC.

     

    The
      undersigned, whose Social Security or other identifying number is
      ________________, hereby irrevocably elects the right of purchase represented
      by
      the within Warrant for, and to purchase thereunder, ______________ Shares
      provided for therein and tenders payment therewith to the order of
      ACCOUNTABILITIES, INC., in the amount of $_____________.  The
      undersigned requests that certificates, if any, for such Shares be issued as
      follows:

     

    
      

        
          	
                  Name:

                
	
                  Address:

                
	
                  Deliver
                    to:

                
	
                  Address:

                

        

and,
        if
        said number of Shares shall not be all the Shares purchasable hereunder,
        that a
        new Warrant for the balance remaining of the Shares purchasable under the
        within
        Warrant be registered in the name of, and delivered to, the undersigned at
        the
        address stated below:

    

     

    Address:                                                                                                                                

     

    
      	
              Dated:

            	
              Signature____________________________

            

    

     

    
      	
               

            	
              (Signature
                must conform in all respects to the name of the Holder of the Warrant,
                without alteration, enlargement or any change whatsoever, and the
                signature must be guaranteed in the usual
                manner).

            

    

     

    Signature
      Guaranteed:

     

    6exhibit_10-3.htm

    Exhibit
      10.3

    
 

    EMPLOYMENT
      AGREEMENT

    

    

    EMPLOYMENT
      AGREEMENT dated as of the
      31st day of
      May, 2005, between Humana Trans Services Holding Corp. a
      Delaware corporation, doing business at 7466 New Ridge Road, Suite 7, Hanover,
      Maryland 21076 (hereinafter referred to as the “Company”) and Allan
      Hartley, residing at 71 Alba Road, Wellesley, MA 02481
      (“Hartley”).

     

    WITNESSETH:

     

    WHEREAS,
      the Company
      has purchased the business plan, model, concept, intellectual property concept
      of Hartley for AccountAbilities, Inc., and desires to formalize its relationship
      with Hartley and Hartley wishes to formalize his relationship with the Company;
      and

     

    WHEREAS,
      Hartley is willing to formalize his relationship with the Company on the terms
      and subject to the conditions contained herein.

     

    NOW,
      THEREFORE, the parties have agreed to the following:

     

    1.           Employment.  The
      Company agrees to appoint Hartley as President of the Accounting Division
      (AccountAbilities, Inc., or any such subsidiary of the Company doing
      substantially the business to be conducted by said named subsidiary) of the
      Company.

     

    2.           No
      Breach of Obligations.  Hartley represents and warrants to the
      Company that he will use his best efforts to perform those duties attendant
      to
      the position for which he is hired and that his entry into this Agreement with
      the Company does not constitute a breach of any agreement with any other person,
      firm or corporation, nor does any prior agreement between Hartley and any
      person, firm or corporation contain any restriction or impediment to the ability
      of Hartley to perform those duties for which he was hired, or which may be
      assigned to, or reasonably expected of him.

     

    3.           Services.  During
      the full term of this Agreement, Hartley shall perform to the best of his
      abilities the following services and duties, in such manner and at such times
      as
      necessary to benefit the Company.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    4.           Exclusivity.  Hartley
      agrees that during the term of this Agreement he will impart and devote the
      necessary time, energy, skill and attention to the performance of his duties
      hereunder.  This paragraph shall not exclude Hartley from devoting
      part of his time to other firms, as long as they are in non-competitive fields
      of endeavor, or making investments in business ventures outside the general
      area
      of the Human Resources Industry.

     

    5.           Place
      of Performance.  Hartley agrees to perform his duties hereunder
      and agrees to the extent that it has been determined necessary and advisable,
      in
      his discretion, to travel to any place in the United States, or to a foreign
      country, where his presence is or may reasonably be required for the performance
      of his duties hereunder.

     

    6.           Compensation.  The
      Company hereby agrees to compensate Hartley; and Hartley hereby accepts for
      the
      performance of the services of Chairman of the Company, as indicated
      below:

     

    
      	
              a.)

            	
              Fees.  Subject
                to review and upward adjustment from time to time by the Board of
                Directors, the Company shall pay to Hartley a salary of ONE HUNDRED
                TWENTY
                THOUSAND DOLLARS ($120,000.00), based on a annual period, for the
                term of
                this Agreement, which is to be SIX MONTHS, with a renewal period
                as set
                forth below, at a rate of TEN THOUSAND DOLLARS per month.  The
                base salary will increase to $150,000 a year once the Division has
                three
                months of profitability;

            

    

    

    
      	
              b.)

            	
              Vacation.  Hartley
                shall be entitled to a total of two (2) weeks vacation in a twelve-month
                period, commencing with the execution date of this Agreement, or
                as
                determined by the Board of
                Directors;

            

    

    

    
      	
              c.)

            	
              Stock
                Grant.  Hartley shall be issued TWO HUNDRED FIFTY THOUSAND
                SHARES (250,000) of common stock of the
                Company;

            

    

    

    
      	
              d.)

            	
              Bonus.  Hartley
                shall be entitled to participation in any special incentive compensation
                plan approved by the Board of
                Directors:

            

    

    

    
      	
              e.)

            	
              Insurance
                and Medical Benefits.  The Company shall provide Hartley
                with Health and other benefit plans as approved by the Board of Directors
                and equal to those available to its other executives, if offered
                and in
                existence; and

            

    

    

    
      	
              f.)

            	
              Other.  Hartley
                shall be entitled to any other benefits as approved by the Board
                of
                Directors for his position in the
                Company.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    7.           Representation
      and Warranties of Hartley.  By virtue of his execution hereof, and
      in order to induce the Company to enter into this Agreement, Hartley hereby
      represents and warrants, as follows:

     

    
      	
              a.)

            	
              Hartley
                is not presently actively engaged in any business, employment or
                venture,
                which is, or may be, in direct conflict with the business of the
                Company;

            

    

    

    
      	
              b.)

            	
              Hartley
                has full power and authority to enter this Agreement with the Company
                and
                to perform in the time and manner contemplated;
                and

            

    

    

    
      	
              c.)

            	
              Hartley’s
                compliance with the terms and conditions of this Agreement, in the
                time
                and the manner contemplated herein, will not conflict with any instrument
                or agreement pertaining to the transaction contemplated herein, and
                will
                not conflict in, result in a breach of, or constitute a default under
                any
                instrument to which he is a party;

            

    

    

    
      	
              d.)

            	
              Hartley
                represents that he shall devote his best efforts to the success of
                the
                Company.

            

    

    

    8.           Representation
      and Warranties of the Company.  By virtue of the execution of this
      Agreement, the Company hereby represents and warrants to Hartley as
      follows:

     

    
      	
              a.)

            	
              The
                Company and Hartley agree that Hartley shall receive reimbursement
                for all
                reasonable expenses incurred by Hartley in connection with the performance
                of his duties hereunder subject to compliance with the Company’s
                procedures; and the Company shall pay to Hartley directly, or reimburse
                Hartley for all other reasonable necessary and proven expenses and
                disbursements incurred by Hartley for and on behalf of the Company
                in the
                performance of Hartley’s duties during the term of this Agreement;
                and

            

    

    

    
      	
              b.)

            	
              The
                Company shall indemnify Hartley against any and all claims arising
                out of
                this Agreement, other than a breach of fiduciary duty or fraudulent
                actions of Hartley.

            

    

    

    9.           Proprietary
      Rights.  Hartley shall at no time before or after the termination
      of his employment hereunder use or divulge or make known to anyone without
      the
      express written consent of the Board of Directors of the Company (except to
      those duly authorized by the Company to have access thereto), any marketing
      systems, programs or methods, customer or client lists, computer program
      configurations, secrets, processes or technical, or other information of the
      Company, or any accounts, customer or client lists, transactions or business
      affairs of the Company.  All ideas, marketing systems, computer
      programs, configurations, system or procedures, program or methods,
      formulae,

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    inventions,
      discoveries, improvements, secrets or processes, whether or not patentable
      or
      copyrightable, made or developed by Hartley during the term of this Agreement,
      or within three (3) years after its expiration or termination, and relating
      to
      the business of the Company, shall be the exclusive right of the Company,
      whether or not any claim of Hartley to compensation under Paragraph 6 hereof
      has
      been, or will be satisfied, and Hartley agrees to provide the Company at its
      request to perfect, enforce and maintain the Company’s right to such
      property.  At the conclusion of his employment by the Company, Hartley
      shall forthwith surrender to the Company all letters, brochures, agreements
      and
      documents of every character relating to the business affairs and properties
      of
      the Company then in his possession and shall not, without the Company’s prior
      written consent retain or disclose any copies thereof.

     

    10.           Competition.

    a.)           During
      the term of this Agreement, or upon the termination of his employment, whichever
      event shall occur earlier, and for a period of twenty-four (24) consecutive
      months thereafter, Hartley shall not, without the prior written consent of
      the
      Company engage, either as a Consultant, Agent, Proprietor, Officer, Director,
      Partner or majority stockholder in the business directly related to that of
      the
      Company.

    b.)           Hartley
      further covenants that during the stated term of this agreement, and for the
      twelve (12) month period thereafter, whichever shall occur earlier, he will
      not
      solicit any clients or customers known by him to be clients or customers of
      the
      Company for competitive business.  The foregoing restrictions shall
      not apply to a termination of Hartley’s employment by the Company without cause,
      or a termination of the employment by Hartley because of a breach of the
      Agreement by the Company or sale of the Company to an unrelated
      party.

     

    11.           Term
      and Termination.

    a.)           This
      Agreement shall be deemed to be effective as of the date indicated above and
      shall continue in full force and effect until the last day of November 2005,
      unless sooner terminated as hereunder set forth.  This Agreement shall
      be renewed for an additional period of one (1) year, unless the Board of
      Directors determines not to renew this Agreement, Hartley notifies the Board
      of
      Directors of his desire not to renew the Agreement, or the Company reaches a new
      agreement with Hartley, or either party

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    notified
      the other at a minimum of thirty (30) days prior to the termination of the
      Agreement.

    b.)           Termination
      by the Company for Cause.

    1)           The
      Company may terminate Hartley’s employment for Cause.  Upon such
      termination, the Company shall have no further obligations to Hartley, except
      for compensation, or other benefits due, buy not yet paid.

    

    2)           “Cause”
      shall mean:  (i) Hartley’s willful and continued failure substantially
      to perform his duties with the Company (other than as a result of Hartley’s
      incapacity due to illness or injury), if Hartley is not then acting in the
      best
      interests of the Company, as determined by the Board of Directors, or (ii)
      Hartley’s willful engagement in misconduct which is materially injurious to the
      Company, monetary or otherwise.

    

    3)           Termination
      for Cause shall be effectuated only if the Company has delivered to Hartley
      a
      copy of “Notice of Termination”, which gives Hartley at least fifteen (15)
      business days prior notice detailing what conduct Hartley was guilty and
      specifying the particulars thereof in detail.

    

    12.           Date
      of Termination.  “Date of Termination” shall mean the date on
      which a “Notice of Termination” is given.

     

    13.           Successors;
      Binding Agreement.

     

    
      	
              a.)

            	
              The
                Company shall require any purchaser of all the business of the Company,
                by
                agreement or form and substance satisfactory to RS, to assume and
                agree to
                perform this Agreement in the same manner and to the same extent
                that the
                Company would be required to perform, if no such purchase had taken
                place.  As used in this Agreement, “Company” shall mean the
                Company as hereinafter defined, and any successor to its business,
                or
                assets, which executes becomes bound by all the terms and provisions
                of
                this Agreement by operation of law.

            

    

    

    
      	
              b.)

            	
              This
                Agreement shall inure to the benefit of and to be enforceable by
                Hartley’s
                personal or legal representative, executors, administrators, successors,
                heirs, distributees, devisees and legates.  If Hartley should
                die while any amount would still be payable to him hereunder if Hartley
                had continued to live, all such amounts, unless otherwise provided
                herein,
                shall be paid in accordance with the terms of this Agreement with
                the
                terms of the Agreement to Hartley’s devisee, legatee or other designee, or
                if there be no designee, to his
                estate.

            

    

    

    14.           Governing
      Law.  This Agreement is being delivered in the State of New York
      and shall be construed and enforced in accordance with the Laws of the State
      of
      New York, irrespective of the state of incorporation of the Company and the
      place of domicile of Hartley.  Hartley consents to the jurisdiction of
      the courts of the State of New York.

     

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    15.    Prohibition
      Against Assignment.  Except as herein above otherwise expressly
      provided, Hartley agrees on behalf of himself and of his executors and
      administrators, heirs, legates, distributes, and any other person, or persons
      claiming benefits under him by virtue of this Agreement and the rights,
      interests and benefits hereunder, shall not be assigned, transferred, pledged
      or
      hypothecated in any way by Hartley or any executor, administrator, heir,
      legatee, distribute or other persons claiming under Hartley by virtue of the
      Agreement and shall not be subject to execution, attachment or similar
      process.  Any attempted assignment, transfer, pledge or hypothecation,
      or other dispositions of this Agreement of such rights, interests and benefits
      contrary to the foregoing provisions, or the levy of any attachment or similar
      process thereupon shall be null and void and without effect.

     

    16.           Final
      Agreement.  This Agreement represents the Final Agreement between
      the parties and supercedes all previously executed Agreements and all verbal
      representations made by any of the parties or their agents or their
      employees.

     

    17.           Changes.  The
      parties agree that no changes will be made to this executed Agreement except
      in
      writing, initialed by both parties and attached to this document.

    IN
      WITNESS WHEREOF, the parties have
      executed this Agreement as of the 31st day of
      May
      2005.

    

    Dated
      as
      of the date first indicated above and is agreed to by:

     

    
      	 Humana
              Trans Services Holding Corp.	 	 	 	 
	
              /s/
                James W.
                Zimbler, V.P.

            	 	 	
              /s/
                Allan
                Hartley

            	 
	
              Name:
                James W.
                Zimbler

            	 	 	
              Name: 
Allan
                Hartley 

            	 
	
              Title:
                Vice
                President 

            	 	 	
               

            	 

    

     

    6

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