Document:

EXHIBIT 10.12

	 

AMENDED AND RESTATED EMPLOYMENT AGREEMENT

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT ("Agreement"), dated
effective August 15, 2011 (the “Effective Date”) is made by and between All Fuels & Energy
Company a duly organized Delaware corporation, ("Employer"), and Dean Sukowatey ("Employee"),
amends and restates in its entirety that certain Employment Agreement, December 18, 2009, by and
between Employer and Employee (“Existing Agreement”).

WITNESSETH:

WHEREAS, Employee and Employer desire to amend the terms of the Existing Agreement in
connection with a financing and a change in the direction of the Employer’s business;

Whereas 

WHEREAS, Employer and its affiliates have accumulated valuable and confidential information,
including, without limitation, trade secrets and know-how relating to the oil and gas  industry,
marketing plans, business strategies and other business records; and

WHEREAS, the giving of the covenants contained herein is a condition precedent to the employment
of Employee by Employer and Employee acknowledges that the execution of this Agreement and
the entering  into of these covenants is an express condition  of his employment by Employer  and
that said covenants are given in consideration for such employment and the other benefits conferred
upon him by this Agreement; and

NOW, THEREFORE, in consideration of such employment and other valuable consideration, the
receipt and adequacy of which is hereby acknowledged, Employer  and Employee  hereby agree as
follows:

SECTION I. EFFECT OF AGREEMENT 

Effective as of the Effective Date, this Agreement supersedes and replaces any pre-existing
employment agreements between the Employer, or any of its subsidiaries, and Employee, including
the Existing Agreement.

SECTION II. EMPLOYMENT OF  EMPLOYEE

Employer hereby employs, engages and hires Employee as President and Secretary of Employer, and
Employee  hereby accepts  and agrees to such  hiring, engagement and employment, subject  to the
general  supervision of the Board of Directors of Employer. Employee shall perform duties as are
customarily performed by one holding such position in other, same or similar businesses or
enterprises as that engaged  in by Employer, and  shall also additionally render  such  other and
unrelated services and duties as may be reasonably assigned  to him from time to time by Employer.

 

Employee shall devote all necessary efforts to the performance of his duties as President and

Secretary of Employer.

SECTION  III.  EMPLOYEE'S PERFORMANCE/CONFLICT OF INTEREST

A.        Employee hereby agrees that he will, at all times, faithfully, industriously and to the best of
his ability, experience and talents, perform all of the duties that may be required of and from him
pursuant to the express and implicit terms hereof, to the reasonable satisfaction of Employer.

B.        Pursuant to the new financing, the Employer has decided to no longer pursue the acquisition
of an ethanol plant.   Employee desires to continue pursuing the acquisition of an ethanol plant on
his time and with his own funds.  Therefore, the acquisition of an ethanol plan the Employee or any
of his affiliates will not be deemed a conflict of interest of the Employer. 

SECTION IV.  COMPENSATION OF EMPLOYEE

Employer shall pay Employee, and Employee shall accept from Employer, in full payment for
Employee's services hereunder, compensation as follows:

A.           Signing Bonus.  In consideration of Employee's executing the Employment Agreement,
Employer shall pay to Employee, as a bonus, the sum of $7,500.

B.        Base Compensation.  Employee shall be paid as and for a salary up to $240,000  per year as
follows: beginning at $12,500 per month for 4 months, $15,000 per month from month 5 until the
Employer closes on a debt or equity financing of at least $1,000,000, thereafter $20,000 per month.
The amount of Base Compensation shall be reviewed by the Board on an annual basis as of the close
of each fiscal year of the Employer and may be increased as the Board may deem appropriate. In the
event the Board (or, if established, the compensation committee thereof) deems it appropriate to
increase Employee’s annual base salary, said increased amount shall thereafter be the “Base
Compensation.” Employee’s Base Compensation, as increased from time to time, may not thereafter
be decreased unless agreed to by Employee. Nothing contained herein shall prevent the Board from
paying additional compensation to Employee in the form of bonuses or otherwise during the Term.

C.        Insurance and Other Benefits.  As further consideration for his covenants contained in the
Employment Agreement, Employer will provide Employee and Julie Stevenson with Blue
Cross/Blue Shield medical and dental insurance (or equivalent coverage), workmen’s compensation,
welfare, sick leave and other benefits as may be established by Employer from time to time.
Employee shall be entitled to Directors'  and Officers'  indemnification  insurance coverage  to the
same extent as is provided to other persons employed as officers of Employer .

D.        Other Compensation Plans.  Employee shall be entitled to participate, to the same extent as
is provided to other persons employed by Employer, in any future stock bonus plan, stock option
plan or employee stock ownership plan of Employer.

E.        Expenses.  It is acknowledged that, during the term of employment, Employee will be
required to incur ordinary and necessary business expenses on behalf of Employer in connection with
the performance of his duties hereunder.  In addition,  Employee shall be provided by the company
cell phone, laptop and internet service connection.   Employer shall reimburse Employee promptly
the amount of all such expenses upon presentation of itemized vouchers or other evidence of those
expenditures.  As of the date hereof, Employee has incurred expenses of $22,078 in connection with
his performance as President and Secretary of the Employer that Employer acknowledges needs to
be reimbursed. 

F.        Vacations.  During the term of this Agreement, Employee shall be entitled to three

(3) weeks paid vacation.

SECTION  VII.  INDEMNIFICATION  OF EMPLOYEE

As further consideration of Employee's executing this Agreement, Employer shall have executed,
prior to the execution of this Agreement, an Indemnity Agreement (the "Indemnity Agreement"), in
the form attached hereto as Exhibit IV(A).  The obligations under the Indemnity Agreement shall
survive the termination of this Agreement.

SECTION  VIII. COMPANY POLICIES

Employee agrees to abide by the policies, rules, regulations or usages applicable to Employee as
established by Employer from time to time and provided to Employee in writing.

SECTION IX.  TERM AND TERMINATION

A.        Term.  The term of this Agreement shall be a period of three (3) years, commencing on
August 15, 2011.  This Agreement shall renew for additional three-year periods, provided neither
party hereto submits a written notice of termination within sixty(60) days prior to the termination
of either the initial tern hereof or any renewal term.

B.        Employment Termination.    Employer agrees not to terminate this Agreement  except for
'Just cause".   For purposes of this Agreement, "just  cause" shall mean (1) the willful failure  or
refusal  of  Employee  to  implement  or  follow  the  written  policies  or directions of Employer's
Board of Directors, provided that Employee's failure or refusal is not based upon Employee's belief
in good faith, as expressed to Employer in writing, that the implementation thereof would be
unlawful; (2) conduct which is inconsistent with Employee's position with Employer and which
results in a material adverse effect (financial or otherwise) or misappropriation of assets of
Employer; (3) conduct which violates the provisions contained in the Confidentiality Agreement or
the Non-Competition  Agreement; (4) the intentional causing of material damage to Employer's
physical property; and (5) any act involving personal dishonesty or criminal conduct against
Employer.

Although Employer retains the right to terminate Employee for any reason not specified above,
Employer agrees that if it discharges Employee for any reason other than just cause, as is solely
defined above, Employee will be entitled to full compensation for one year or the remainder of the
then-current  term, original or renewal, as the case may be, of employment, whichever is greater.

If Employee should cease his employment hereunder voluntarily for any reason, or is terminated for
just cause, all compensation and benefits payable to Employee shall thereupon, without any further
writing or act, cease, lapse and be terminated. However, all reimbursements which accrued prior to
Employee's ceasing employment or termination, will become immediately due and payable and shall
be payable to Employee's estate should his employment cease due to death

If Employee’s employment is terminated due to his death, this Agreement shall terminate and the
Company shall have no obligations to Employee or his estate, beneficiaries or legal representatives
with respect to this Agreement other than payment of any accrued and unpaied expenses or base
compensation, if any (“Accrued Amounts”). Accrued Amounts, if any, shall be paid to Employee
in accordance with the Employer’s customary payroll practices as in effect from time to time but in
no event later than 15 days following Employee’s termination of employment on account of death. 

C.        Resignation from Board. In the event Employee’s employment by the Company is terminated
for any reason (other than Employee’s death), Employee shall immediately resign as a member of
the Board and the board of directors of any of the Employer’s subsidiaries. Nothing herein shall be
deemed to limit the power of the shareholders of Employer to at any time remove any director,
including, without limitation, Employee, in accordance with applicable law. 

SECTION  X.  Confidential Information. Employee, during the Term, will have access to and
become familiar with confidential information, secrets and proprietary information concerning the
business and affairs of the Employer, its controlled subsidiaries and other controlled entities,
including client and customer information, information concerning their products, patent rights and
know-how, and other technical information, business strategies and pricing information, and other
confidential and/or proprietary information (collectively, “Confidential Information”). Confidential
Information shall not include any information that is or becomes generally available to the public
other than as a result of Employee’s improper or unauthorized disclosure of such information in
violation of this Agreement. As to such Confidential Information, Employee agrees as follows:

A.        During the Term or at any time following the termination of this Agreement, Employee will
not, directly or indirectly, without the prior written consent of the Employer (1) disclose or permit
the disclosure of any such Confidential Information, or (2) use, reproduce or distribute, or make or
permit any use, reproduction or distribution of, directly or indirectly, any such Confidential
Information, except for any disclosure, use, reproduction or distribution that is required in the course
of his employment with the Company, its controlled subsidiaries or other controlled entities.

B.        If, during the Term or at any time following the termination of this Agreement, Employee
is requested or required (by oral question or request for information or documents, in any legal
proceeding, interrogatory, subpoena, civil investigative demand, or similar process) to disclose any
Confidential Information, Employee agrees to notify the Employer immediately in writing of the
request or requirement so that the Employer may seek an appropriate protection order or waive
compliance with the provisions of this Section. If, in the absence of a protective order or the receipt
of a waiver under this Agreement, Employee is, on the advice of counsel, compelled to disclose any
Confidential Information to any tribunal or else stand liable for contempt, Employee may disclose
such Confidential Information to the tribunal; provided, however, that Employee shall use his
commercially reasonable best efforts to obtain a court order or other assurance that confidential
treatment will be accorded to such Confidential Information. 

C.        Upon termination of employment of Employee, for whatever reason, Employee shall
surrender to the Employer any and all documents, manuals, correspondence, reports, records and
similar items then or thereafter coming into the possession of Employee which contain any
Confidential Information of the Employer or its controlled subsidiaries or other controlled entities.

a.         Employee recognizes and acknowledges that the obligations of Employee contained in
Article X of this Agreement are reasonable and necessary to protect the legitimate business interests
of the Employer, and that any breach or violation of any of the provisions of such Section is likely
to result in irreparable injury to the Employer for which the Employer would have no adequate
remedy at law. Employee agrees that if Employee shall breach or violate Article X of this
Agreement, the Employer shall be entitled, if it so elects, to institute and prosecute proceedings at
law or in equity, including, but not limited to, a proceeding seeking injunctive relief, to obtain
damages with respect to such breach or violation, to enforce the specific performance of Article X
this Agreement by Employee, or to enjoin Employee from engaging in any activity in violation of
Article X of this Agreement. Employee acknowledges that in the event of any such breach or
violation, the Employer shall be entitled to preliminary and permanent injunctive relief, without the
necessity of proving actual damages or posting a bond, and to an equitable accounting of all earnings,
profits, and other benefits arising from any such breach or violation, which rights shall be cumulative
and in addition to any other rights or remedies to which the Employer may be entitled. 

IX. COMPLETE AGREEMENT

This Agreement contains the complete agreement concerning the employment arrangement between
the parties hereto and shall, as of the effective  date hereof, supersede all other agreements between
the parties.   The parties hereto stipulate that neither of them has made any representation with
respect to the subject matter of this Agreement or any representations including the execution and
delivery  hereof, except such representations as are specifically set forth herein and each of the
parties hereto  acknowledges that he or it has relied on his or its own judgment in entering  into this
Agreement. The parties hereto further acknowledge that any payments or representations that may
have heretofore  been made by either of them to the other are of no effect and that neither of them
has relied thereon in connection with his or its dealings with the other.

SECTION  XII.  WAIVER; MODIFICATION

The waiver by either party of a breach or violation of any provision  of this Agreement shall not
operate  as, or be construed  to be, a waiver  of any subsequent breach  hereof.   No waiver  or
modification of this Agreement or of any covenant, condition or limitation herein contained shall be
valid  unless in writing and duly executed  by the party to be charged  therewith and no evidence  of
any waiver or modification shall be offered or received  in evidence  of any proceeding or litigation
between  the parties  hereto arising out of, or affecting, this Agreement, or the rights or obligations
of the parties hereunder, unless such waiver or modification is in writing, duly executed  as
aforesaid, and the parties  further  agree that the  provisions of this Section  IX may  not be waived
except  as herein set forth.

SECTION  XIII. SEVERABILITY

All agreements and covenants contained  herein  are severable, and in the event any one of them,
with the exception of those contained in Sections I, Ill, IV, V and VI hereof, shall be held to be
invalid  in any proceeding or litigation between  the parties, this Agreement shall be interpreted as
if such invalld agreements or covenants were not contained  herein.

SECTION  XIV. NOTICES

Any and all notices will be sufficient if furnished in writing, sent by registered mail to his last known
residence,  in case of Employee, or, in case of Employer, to its principal  office address.

SECTION  XV.  REPRESENTATIONS OF EMPLOYER

The execution of this Agreement by Employer has been approved by the Board of Directors of
Employer.

SECTION  XVI.  REPRESENTATIONS OF EMPLOYEE

A.        Employee hereby represents to Employer that he is under no legal disability with

respect to his entering into this Agreement.

B.                    Employee represents and warrants that he has investigated Employer, its financial
condition, business and prospects, and has had the opportunity to ask questions of, and to receive
answers from, Employer with respect thereto.    Employee acknowledges that he is aware that
Employer currently lacks adequate capital to pursue its full plan of business.

SECTION  XVII.  COUNTERPARTS

This Agreement may be executed in duplicate counterparts, each of which shall be deemed an
original and, together, shall constitute one and the same agreement, with one counterpart being
delivered to each party hereto.

SECTION  XVIII. BENEFIT

The provisions of this Agreement shall extend to the successors, surviving corporations and assigns
of Employer and to any purchaser of substantially all of the assets and business of Employer. The
term "Employer" shall be deemed to include Employer, any joint venture, partnership, limited
liability company, corporation or other juridical entity, in which Employer shall have an interest,
financial or otherwise.

SECTION  XiX.  ARBITRATION

The parties agree that any dispute arising between them related to this Agreement  or the
performance hereof shall be submitted for resolution to the American Arbitration  Association for
arbitration  in  the  Chicago,  Illinois,  office  of  the  Association  under  the  then-current  rules  of
arbitration.  The Arbitrator or Arbitrators shall have the authority to award to the prevailing party its
reasonable costs and attorneys fees.  Any award of the Arbitrators may be entered as a judgment in
any court competent jurisdiction.

Notwithstanding the provisions contained in the foregoing paragraph, the parties hereto agree that
Employer may, at its election and without delivering the notice to Employee required in Section
VII(B) hereof, seek injunctive or other equitable relief from a court of competent jurisdiction for a
violation or violations by Employee of the Confidentiality  Agreement or the Non-Competition
Agreement.

SECTION XX.  LEGAL REPRESENTATION

Employer and Employee both acknowledge that each has utilized separate legal counsel with respect
to this Agreement.  

SECTION XXI. GOVERNING LAW

It is the intention of the parties hereto that this Agreement and the performance  hereunder and all
suits and special proceedings  hereunder  be construed  in accordance  with and under and pursuant
to the laws of the State of Iowa, and that, in any action, special proceeding or other proceeding that
may be brought arising out of, in connection  with or by reason of this Agreement, the laws of the
State of Iowa shall be applicable and shall govern to the exclusion of the law of any other forum,
without regard to the jurisdiction in which any such action or special proceeding may be instituted.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the  __th of
August. 2011.

ALL Energy Company

By: /s/ DEAN E. SUKOWATEY

Name: Dean E. Sukowatey

Title: Pres/CEO

/s/ DEAN E. SUKOWATEY

Dean Sukowatey, individually

Address of Employee:

4221 92nd Ct

Urbandale, IA 50322EXHIBIT 10.13

	 

ASSIGNMENT AGREEMENT

             This assignment agreement (“Assignment”) is made and entered into as of August 15, 2011, by and
between All Fuels & Energy Company, a Delaware corporation (the “Company”) and Dean Sukowatey
(“Assignee”).

             WHEREAS, in connection with a financing, the current economic environment and the Company’s
inability to acquire a ethanol plant, the Company has decided to re-direct its business from ethanol to the
acquisition of oil and gas interests; 

WHEREAS, in connection with the re-direction of the Company, the Company has decided to
request shareholder approval to change its name; 

 

WHEREAS, Assignee is interested in acquiring the name “All Fuels & Energy Company” from the
Company to allow Assignee to continue to attempt to acquire an ethanol plant on his own time and with his
own funds; 

 

WHEREAS, upon the approval of the Company’s shareholders of the name change, the Company
desires to assign the name “All Fuels & Energy Company” to Assignee in exchange for the discharge of
$1,000 of debt owed to Assignee by the Company;  

             NOW, THEREFORE, in consideration of the mutual promises and covenants set forth herein, and
other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties to this Assignment agree as follows:

1.          Assignment. Upon the Company effecting a name change by filing an amendment to the
Company’s articles of incorporation with the Delaware Secretary of State, the Company does hereby grant,
bargain, distribute, sell, convey, assign, transfer, set over and deliver unto Assignee, all of the Company’s
right, title, interest, in and to the name “All Fuels & Energy Company,” if any.

 

2.          Discharge of Debt. Upon assignment of the name “All Fuels & Energy Company” as set
forth herein, Assignee discharge $1,000 of the accounts payable owed to Assignee by the Company and
deems the $1,000 paid in full. 

 

IN WITNESS WHEREOF, the parties have duly executed this Assignment effective as of the 15
day of August, 2011.

ALL FUELS & ENERGY COMPANY

By: /s/ DEAN E. SUKOWATEY

Dean E. Sukowatey

Title: Pres/CEO

/s/ DEAN E. SUKOWATEY

Dean E. Sukowatey

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