Document:

ex10_1.htm

     

    
      
        THIS
PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES
TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT
U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT").

      

      
        

         

        NONE
OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT RELATES HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.

      

      

      

      PRIVATE
PLACEMENT SUBSCRIPTION

      FOR
NON U.S. SUBSCRIBERS

      

      

      AMERICAN
POWER CORP.

      16 Market
Square Centre

      1400 16th
Street, Suite 400

      Denver –
CO 80202, USA

      Tel:
720.932.8389 - Fax: 720.222.5151

      

      PRIVATE
PLACEMENT

      

      INSTRUCTIONS
TO SUBSCRIBER:

      

      
        	
                1.  

              	
                COMPLETE the information
      on page 2 of this Subscription
Agreement.

              

      

      

      
        	
                2.  

              	
                FAX a copy of page 2 of
      this Subscription Agreement to American Power Corp., attention Board of
      Directors at (720) 222-5151.

              

      

      

      
        	
                3.  

              	
                COURIER the originally
      executed copy of the entire Subscription Agreement to AMERICAN POWER CORP,
      c/o counsel to the Company, to

              

      

      

      JPF
Securities Law, LLC

      19720
Jetton Road, 3rd Floor

      Cornelius,
NC 28031, USA

      Attention:
Mr. Jared Febbroriello

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      

      PRIVATE
PLACEMENT

       

      The
Subscriber hereby irrevocably subscribes for, and on Closing will purchase from
the Company, the following securities at a price of US$0.50 per
Share:

      

      
        	
                800,000
      Shares

              
	 
      

      

      

      The
Subscriber directs the Company to issue, register and deliver the certificates
representing the Shares as follows:

      

      
        	
                REGISTRATION
      INSTRUCTIONS:

              	
                DELIVERY
      INSTRUCTIONS:

              
	
                 

                Black Sands Holdings,
      Inc.                                                                

                Name
      to appear on certificate

                 

                --                                                                

                Tax
      ID / Corporate ID #

                 

                Trust Company
      Campus                                                                

                Address

                Ajeltake
      Road

                Ajeltake Island, Majuro Marshall Islands MH
      96760 

              	
                 

                Euro Helvetica Trust Co.
      S.A.                                                                

                Name
      and account reference, if applicable

                 

                World Trade
      Center                                                                

                Contact
      name

                 

                1215 Geneva IS,
      Switzerland                                                                

                Address

                 

                T41 22
      7990800                                                                

                Telephone
      number

              
	
                EXECUTED
      by the Subscriber this _______ day of__________, _____. By executing this
      Agreement, the Subscriber certifies that the Subscriber and any beneficial
      purchaser for whom the Subscriber is acting is resident in the
      jurisdiction shown as the “Address of the Subscriber”. The address of the
      Subscriber will be accepted by the Company as a representative as to the
      address of residency for the Subscriber.

              
	
                WITNESS:

              	
                EXECUTION BY
      SUBSCRIBER:

              
	
                /s/ Kent
      Edwards                                                                

                Signature
      of witness

                 

                Kent
      Edwards                                                                

                Name
      of witness

                 

                WTC 1, 1215 Geneva, Switzerland 

                Address
      of witness

                 

                 

              	
                X                                                               

                Signature
      of individual (if Subscriber is an
      individual)

                 

                X/s/ Steve
      Drayton                                                  

                Authorized
      signatory (if Subscriber is not an
      individual)

                 

                Black Sands Holdings, Inc. 

                Name
      of Subscriber (please
      print)

                 

                S. Drayton 

                Name
      of authorized signatory (please
      print)

              
	
                ACCEPTED
      this 30 day of June, 2010.

                AMERICAN
      POWER CORP.

                Per:

                /s/ Johannes
      Petersen                                                             

                Authorized
      signatory

              	
                 

                Marshall
      Islands                                                                

                Address
      of Subscriber (residence)

                 

                T41 22
      7990800                                                                

                Telephone
      number and e-mail address

                 

              

      

      

      By
signing this acceptance, the Company agrees to be bound by all representations,
warranties, covenants and agreements on pages 3-11 hereof.

      

      This
Subscription Agreement may be executed in any number of counterparts, each of
which, when so executed and delivered, shall constitute an original and all of
which together shall constitute one instrument.  Delivery of an
executed copy of this Subscription Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Subscription
Agreement as of the date hereinafter set forth.

       

      THIS
PRIVATE PLACEMENT SUBSCRIPTION AGREEMENT (THE "SUBSCRIPTION AGREEMENT") RELATES
TO AN OFFERING OF SECURITIES IN AN OFFSHORE TRANSACTION TO PERSONS WHO ARE NOT
U.S. PERSONS (AS DEFINED HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933 ACT").

      

      NONE
OF THE SECURITIES TO WHICH THIS SUBSCRIPTION AGREEMENT RELATES HAVE BEEN
REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO
REGISTERED, NONE MAY BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED
STATES OR TO U.S. PERSONS (AS DEFINED HEREIN) EXCEPT IN ACCORDANCE WITH THE
PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE
1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES
LAWS.

       

      PRIVATE
PLACEMENT SUBSCRIPTION

      (Non U.S.
Subscribers Only)

       

      
        	
                TO:

              	
                AMERICAN POWER CORP.
      (the “Company”)

              

      

       

      

       

      Purchase of
Shares

       

      
        	
                1.  

              	
                SUBSCRIPTION

              

      

       

      1.1 The above
signed (the "Subscriber") hereby irrevocably subscribes for and agrees to
purchase the number of common shares of the Company's common stock (the
"Shares") as set out on page 2 of this Subscription Agreement at a price of
US$0.50 per Share (such subscription and agreement to purchase being the
"Subscription"), for the total subscription price as set out on page 2 of this
Subscription Agreement (the "Subscription Proceeds"), which Subscription
Proceeds are tendered herewith, on the basis of the representations and
warranties and subject to the terms and conditions set forth
herein.

       

      1.2 The
Company hereby agrees to sell, on the basis of the representations and
warranties and subject to the terms and conditions set forth herein, to the
Subscriber the Shares.  Subject to the terms hereof, the Subscription
Agreement will be effective upon its acceptance by the Company.  This
offering is not subject to any minimum or maximum offering.

       

      1.3 Unless
otherwise provided, all dollar amounts referred to in this Subscription
Agreement are in lawful money of the United States of America.

       

      
        	
                2.  

              	
                PAYMENT

              

      

       

      2.1 The
Subscription Proceeds must accompany this Subscription Agreement. If the funds
are delivered to the Company's lawyers, those lawyers are authorized to
immediately deliver the funds to the Company without further authorization from
the Subscriber

       

      2.2 In the
event that this Subscription Agreement is not accepted by the Company for
whatever reason within 60 days of the delivery of an executed Subscription
Agreement by the Subscriber, this Subscription Agreement, the Subscription
Proceeds and any other documents delivered in connection herewith will be
returned to the Subscriber at the address of the Subscriber as set forth in this
Subscription Agreement without interest or deduction.

       

      2.3 Where the
Subscription Proceeds are paid to the Company, the Company may treat the
Subscription Proceeds as a non-interest bearing loan and may use the
Subscription Proceeds prior to this Subscription Agreement being accepted by the
Company.

       

      2.4 The
Subscriber must complete, sign and return to the Company an executed copy of
this Subscription Agreement.

       

      2.5 The
Subscriber shall complete, sign and return to the Company as soon as possible,
on request by the Company, any documents, questionnaires, notices and
undertakings as may be required by regulatory authorities, and applicable
law.

       

      
        	
                3.  

              	
                CLOSING

              

      

       

      3.1 Closing
of the purchase and sale of the Shares shall occur on or before June 30, 2010,
or on such other date as may be determined by the Company in its sole discretion
(the "Closing Date").  The Subscriber acknowledges that Shares may be
issued to other subscribers under this offering (the "Offering") before or after
the Closing Date.  The Company, may, at its discretion, elect to close
the Offering in one or more closings, in which event the Company may agree with
one or more subscribers (including the Subscriber hereunder) to complete
delivery of the Shares to such subscriber(s) against payment therefore at any
time on or prior to the Closing Date.

       

      
        	
                4.  

              	
                ACKNOWLEDGEMENTS OF
      SUBSCRIBER

              

      

       

      4.1 The
Subscriber acknowledges and agrees that:

       

      
        	
                (a)  

              	
                none
      of the Shares have been registered under the Securities Act of 1933, as
      amended (the "1933 Act"), or under any state securities or "blue sky" laws
      of any state of the United States, and are being offered only in a
      transaction not involving any public offering within the meaning of the
      1933 Act, and, unless so registered, may not be offered or sold in the
      United States or to U.S. Persons (as defined herein), except pursuant to
      an effective registration statement under the 1933 Act, or pursuant to an
      exemption from, or in a transaction not subject to, the registration
      requirements of the 1933 Act, and in each case only in accordance with
      applicable state and provincial securities
laws;

              

      

       

      
        	
                (b)  

              	
                the
      Company will refuse to register any transfer of any of the Shares not made
      in accordance with the provisions of Regulation S, pursuant to an
      effective registration statement under the 1933 Act or pursuant to an
      available exemption from, or in a transaction not subject to, the
      registration requirements of the 1933
Act;

              

      

       

      
        	
                (c)  

              	
                the
      decision to execute this Subscription Agreement and purchase the Shares
      agreed to be purchased hereunder has not been based upon any oral or
      written representation as to fact or otherwise made by or on behalf of the
      Company and such decision is based solely upon a review of information
      regarding the Company provided by the Company to the Subscriber (the
      "Company Information");

              

      

       

      
        	
                (d)  

              	
                the
      Subscriber and the Subscriber's advisor(s) have had a reasonable
      opportunity to review the Company Information and to ask questions of and
      receive answers from the Company regarding the Offering, and to obtain
      additional information, to the extent possessed or obtainable without
      unreasonable effort or expense, necessary to verify the accuracy of the
      information contained in the Company Information, or any other document
      provided to the Subscriber;

              

      

       

      
        	
                (e)  

              	
                the
      books and records of the Company were available upon reasonable notice for
      inspection, subject to certain confidentiality restrictions, by the
      Subscriber during reasonable business hours at its principal place of
      business and that all documents, records and books pertaining to this
      Offering have been made available for inspection by the Subscriber, the
      Subscriber's attorney and/or
advisor(s);

              

      

       

      
        	
                (f)  

              	
                by
      execution hereof the Subscriber has waived the need for the Company to
      communicate its acceptance of the purchase of the Shares pursuant to this
      Subscription Agreement;

              

      

       

      
        	
                (g)  

              	
                the
      Company is entitled to rely on the representations and warranties and the
      statements and answers of the Subscriber contained in this Subscription
      Agreement and the Subscriber will hold harmless the Company from any loss
      or damage it may suffer as a result of the Subscriber's failure to
      correctly complete this Subscription
Agreement;

              

      

       

      
        	
                (h)  

              	
                the
      Subscriber will indemnify and hold harmless the Company and, where
      applicable, its respective directors, officers, employees, agents,
      advisors and shareholders from and against any and all loss, liability,
      claim, damage and expense whatsoever (including, but not limited to, any
      and all fees, costs and expenses whatsoever reasonably incurred in
      investigating, preparing or defending against any claim, lawsuit,
      administrative proceeding or investigation whether commenced or
      threatened) arising out of or based upon any acknowledgment,
      representation or warranty of the Subscriber contained herein or in any
      other document furnished by the Subscriber to the Company in connection
      herewith, being untrue in any material respect or any breach or failure by
      the Subscriber to comply with any covenant or agreement made by the
      Subscriber to the Company in connection
  therewith;

              

      

       

      
        	
                (i)  

              	
                the
      issuance and sale of the Shares to the Subscriber will not be completed if
      it would be unlawful or if, in the discretion of the Company acting
      reasonably, it is not in the best interests of the
  Company;

              

      

       

      
        	
                (j)  

              	
                the
      Subscriber has been advised to consult the Subscriber’s own legal, tax and
      other advisors with respect to the merits and risks of an investment in
      the Shares and with respect to the applicable resale restrictions, and it
      is solely responsible (and the Company is not in any way responsible) for
      compliance with:

              

      

       

      
        	
                (i)  

              	
                any
      applicable laws of the jurisdiction in which the Subscriber is resident in
      connection with the distribution of the Shares hereunder,
    and

              

      

       

      
        	
                (ii)  

              	
                applicable
      resale restrictions;

              

      

       

      
        	
                (k)  

              	
                the
      Subscriber has not acquired the Shares as a result of, and will not itself
      engage in, any "directed selling efforts" (as defined in Regulation S
      under the 1933 Act) in the United States in respect of any of the Shares
      which would include any activities undertaken for the purpose of, or that
      could reasonably be expected to have the effect of, conditioning the
      market in the United States for the resale of any of the Shares; provided,
      however, that the Subscriber may sell or otherwise dispose of any of the
      Shares pursuant to registration of any of the Shares pursuant to the 1933
      Act and any applicable state securities laws or under an exemption from
      such registration requirements and as otherwise provided
      herein;

              

      

       

      
        	
                (l)  

              	
                the
      Subscriber is outside the United States when receiving and executing this
      Subscription Agreement and is acquiring the Shares as principal for its
      own account, for investment purposes only, and not with a view to, or for,
      resale, distribution or fractionalization thereof, in whole or in part,
      and no other person has a direct or indirect beneficial interest in such
      Shares;

              

      

       

      
        	
                (m)  

              	
                none
      of the Shares may be offered or sold to a U.S. Person or for the account
      or benefit of a U.S. Person (other than a distributor) prior to the end of
      the expiration of a period of one year after the date of original issuance
      of the Shares;

              

      

       

      
        	
                (n)  

              	
                the
      statutory and regulatory basis for the exemption claimed for the offer and
      sale of the Shares, although in technical compliance with Regulation S,
      would not be available if the offering is part of a plan or scheme to
      evade the registration provisions of the 1933
  Act;

              

      

       

      
        	
                (o)  

              	
                none
      of the Shares are listed on any stock exchange or automated dealer
      quotation system and no representation has been made to the Subscriber
      that any of the Shares will become listed on any stock exchange or
      automated dealer quotation system;

              

      

       

      
        	
                (p)  

              	
                neither
      the SEC nor any other securities commission or similar regulatory
      authority has reviewed or passed on the merits of any of the
      Shares;

              

      

       

      
        	
                (q)  

              	
                no
      documents in connection with this Offering have been reviewed by the SEC
      or any state securities
administrators;

              

      

       

      
        	
                (r)  

              	
                there
      is no government or other insurance covering any of the Shares;
      and

              

      

       

      
        	
                (s)  

              	
                this
      Subscription Agreement is not enforceable by the Subscriber unless it has
      been accepted by the Company, and the Subscriber acknowledges and agrees
      that the Company reserves the right to reject any subscription for any
      reason.

              

      

       

      
        	
                5.  

              	
                REPRESENTATIONS,
      WARRANTIES AND COVENANTS OF THE
  SUBSCRIBER

              

      

       

      5.1 The
Subscriber hereby represents and warrants to and covenants with the Company
(which representations, warranties and covenants shall survive the Closing Date)
that:

       

      
        	
                (a)  

              	
                the
      Subscriber is not a U.S. Person (as defined
  herein);

              

      

       

      
        	
                (b)  

              	
                the
      Subscriber is not acquiring the Shares for the account or benefit of,
      directly or indirectly, any U.S. Person (as defined
    herein);

              

      

       

      
        	
                (c)  

              	
                the
      Subscriber is resident in the jurisdiction set out on page 2 of this
      Subscription Agreement;

              

      

       

      
        	
                (d)  

              	
                the
      Subscriber:

              

      

       

      
        	
                (i)  

              	
                is
      knowledgeable of, or has been independently advised as to, the applicable
      securities laws of the securities regulators having application in the
      jurisdiction in which the Subscriber is resident (the “International
      Jurisdiction”) which would apply to the acquisition of the
      Shares,

              

      

       

      
        	
                (ii)  

              	
                is
      purchasing the Shares pursuant to exemptions from prospectus or equivalent
      requirements under applicable securities laws or, if such is not
      applicable, the Subscriber is permitted to purchase the Shares under the
      applicable securities laws of the securities regulators in the
      International Jurisdiction without the need to rely on any
      exemptions,

              

      

       

      
        	
                (iii)  

              	
                acknowledges
      that the applicable securities laws of the authorities in the
      International Jurisdiction do not require the Company to make any filings
      or seek any approvals of any kind whatsoever from any securities regulator
      of any kind whatsoever in the International Jurisdiction in connection
      with the issue and sale or resale of any of the Shares,
  and

              

      

       

      
        	
                (iv)  

              	
                represents
      and warrants that the acquisition of the Shares by the Subscriber does not
      trigger:

              

      

       

      
        	
                A.  

              	
                any
      obligation to prepare and file a prospectus or similar document, or any
      other report with respect to such purchase in the International
      Jurisdiction, or

              

      

       

      
        	
                B.  

              	
                any
      continuous disclosure reporting obligation of the Company in the
      International Jurisdiction, and

              

      

       

      the
Subscriber will, if requested by the Company, deliver to the Company a
certificate or opinion of local counsel from the International Jurisdiction
which will confirm the matters referred to in subparagraphs (ii), (iii) and (iv)
above to the satisfaction of the Company, acting reasonably;

       

      
        	
                (e)  

              	
                the
      Subscriber is acquiring the Shares as principal for investment only and
      not with a view to, or for, resale, distribution or fractionalization
      thereof, in whole or in part, and, in particular, it has no intention to
      distribute either directly or indirectly any of the Shares in the United
      States or to U.S. Persons (as defined
herein);

              

      

       

      
        	
                (f)  

              	
                the
      Subscriber is outside the United States when receiving and executing this
      Subscription Agreement;

              

      

       

      
        	
                (g)  

              	
                the
      Subscriber understands and agrees not to engage in any hedging
      transactions involving any of the Shares unless such transactions are in
      compliance with the provisions of the 1933 Act and in each case only in
      accordance with applicable state securities
  laws;

              

      

       

      
        	
                (h)  

              	
                the
      Subscriber acknowledges that it has not acquired the Shares as a result
      of, and will not itself engage in, any "directed selling efforts" (as
      defined in Regulation S under the 1933 Act) in the United States in
      respect of any of the Shares which would include any activities undertaken
      for the purpose of, or that could reasonably be expected to have the
      effect of, conditioning the market in the United States for the resale of
      any of the Shares; provided, however, that the Subscriber may sell or
      otherwise dispose of any of the Shares pursuant to registration of any of
      the Shares pursuant to the 1933 Act and any applicable state securities
      laws or under an exemption from such registration requirements and as
      otherwise provided herein;

              

      

       

      
        	
                (i)  

              	
                the
      Subscriber has the legal capacity and competence to enter into and execute
      this Subscription Agreement and to take all actions required pursuant
      hereto and, if the Subscriber is a corporation, it is duly incorporated
      and validly subsisting under the laws of its jurisdiction of incorporation
      and all necessary approvals by its directors, shareholders and others have
      been obtained to authorize execution and performance of this Subscription
      Agreement on behalf of the
Subscriber;

              

      

       

      
        	
                (j)  

              	
                the
      entering into of this Subscription Agreement and the transactions
      contemplated hereby do not result in the violation of any of the terms and
      provisions of any law applicable to, or, if applicable, the constating
      documents of, the Subscriber, or of any agreement, written or oral, to
      which the Subscriber may be a party or by which the Subscriber is or may
      be bound;

              

      

       

      
        	
                (k)  

              	
                the
      Subscriber has duly executed and delivered this Subscription Agreement and
      it constitutes a valid and binding agreement of the Subscriber enforceable
      against the Subscriber;

              

      

       

      
        	
                (l)  

              	
                the
      Subscriber has received and carefully read this Subscription
      Agreement;

              

      

       

      
        	
                (m)  

              	
                the
      Subscriber (i) has adequate net worth and means of providing for its
      current financial needs and possible personal contingencies, (ii) has no
      need for liquidity in this investment, and (iii) is able to bear the
      economic risks of an investment in the Shares for an indefinite period of
      time, and can afford the complete loss of such
  investment;

              

      

       

      
        	
                (n)  

              	
                the
      Subscriber has the requisite knowledge and experience in financial and
      business matters as to be capable of evaluating the merits and risks of
      the investment in the Shares and the Company, and the Subscriber is
      providing evidence of knowledge and experience in these matters through
      the information requested herein;

              

      

       

      
        	
                (o)  

              	
                the
      Subscriber understands and agrees that the Company and others will rely
      upon the truth and accuracy of the acknowledgements, representations,
      warranties, covenants and agreements contained in this Subscription
      Agreement, and agrees that if any of such acknowledgements,
      representations and agreements are no longer accurate or have been
      breached, the Subscriber shall promptly notify the
  Company;

              

      

       

      
        	
                (p)  

              	
                the
      Subscriber is aware that an investment in the Company is speculative and
      involves certain risks, including the possible loss of the
      investment;

              

      

       

      
        	
                (q)  

              	
                the
      Subscriber is purchasing the Shares for its own account for investment
      purposes only and not for the account of any other person and not for
      distribution, assignment or resale to others, and no other person has a
      direct or indirect beneficial interest is such Shares, and the Subscriber
      has not subdivided his interest in the Shares with any other
      person;

              

      

       

      
        	
                (r)  

              	
                the
      Subscriber is not an underwriter of, or dealer in, the shares of the
      Company's common stock, nor is the Subscriber participating, pursuant to a
      contractual agreement or otherwise, in the distribution of the
      Shares;

              

      

       

      
        	
                (s)  

              	
                the
      Subscriber has made an independent examination and investigation of an
      investment in the Shares and the Company and has depended on the advice of
      its legal and financial advisors and agrees that the Company will not be
      responsible in anyway whatsoever for the Subscriber's decision to invest
      in the Shares and the Company;

              

      

       

      
        	
                (t)  

              	
                if
      the Subscriber is acquiring the Shares as a fiduciary or agent for one or
      more investor accounts, the Subscriber has sole investment discretion with
      respect to each such account, and the Subscriber has full power to make
      the foregoing acknowledgements, representations and agreements on behalf
      of such account;

              

      

       

      
        	
                (u)  

              	
                the
      Subscriber is not aware of any advertisement of any of the Shares and is
      not acquiring the Shares as a result of any form of general solicitation
      or general advertising including advertisements, articles, notices or
      other communications published in any newspaper, magazine or similar media
      or broadcast over radio or television, or any seminar or meeting whose
      attendees have been invited by general solicitation or general
      advertising;

              

      

       

      
        	
                (v)  

              	
                no
      person has made to the Subscriber any written or oral
      representations:

              

      

       

      
        	
                (i)  

              	
                that
      any person will resell or repurchase any of the
  Shares,

              

      

       

      
        	
                (ii)  

              	
                that
      any person will refund the purchase price of any of the
      Shares,

              

      

       

      
        	
                (iii)  

              	
                as
      to the future price or value of any of the Shares,
  or

              

      

       

      
        	
                (iv)  

              	
                that
      any of the Shares will be listed and posted for trading on any stock
      exchange or automated dealer quotation system or that application has been
      made to list and post any of the Shares of the Company on any stock
      exchange or automated dealer quotation system;
  and

              

      

       

      
        	
                (w)  

              	
                the
      Subscriber acknowledges and agrees that the Company shall not consider the
      Subscriber's Subscription for acceptance unless the undersigned provides
      to the Company, along with an executed copy of this Subscription Agreement
      and such other supporting documentation that the Company or its legal
      counsel may request to establish the Subscriber's qualification as a
      qualified investor.

              

      

       

      5.2 In this
Subscription Agreement, the term "U.S. Person" shall have the meaning ascribed
thereto in Regulation S promulgated under the 1933 Act and for the purpose
of the Subscription Agreement includes any person in the United
States.

       

      
        	
                6.  

              	
                ACKNOWLEDGEMENT AND
      WAIVER

              

      

       

      6.1 The
Subscriber has acknowledged that the decision to purchase the Shares was solely
made on the Company Information.  The Subscriber hereby waives, to the
fullest extent permitted by law, any rights of withdrawal, rescission or
compensation for damages to which the Subscriber might be entitled in connection
with the distribution of any of the Shares.

       

      
        	
                7.  

              	
                REPRESENTATIONS AND
      WARRANTIES WILL BE RELIED UPON BY THE
  COMPANY

              

      

       

      7.1 The
Subscriber acknowledges that the acknowledgements, representations and
warranties contained herein are made by it with the intention that they may be
relied upon by the Company and its legal counsel in determining the Subscriber's
eligibility to purchase the Shares under applicable securities legislation, or
(if applicable) the eligibility of others on whose behalf it is contracting
hereunder to purchase the Shares under applicable securities
legislation.  The Subscriber further agrees that by accepting delivery
of the certificates representing the Shares, it will be representing and
warranting that the acknowledgements representations and warranties contained
herein are true and correct as of the date hereof and will continue in full
force and effect notwithstanding any subsequent disposition by the Subscriber of
such Shares.

       

      
        	
                8.  

              	
                RESALE
      RESTRICTIONS

              

      

       

      8.1 The
Subscriber acknowledges that any resale of the Shares will be subject to resale
restrictions contained in the securities legislation applicable to the
Subscriber or proposed transferee.  The Subscriber acknowledges that
none of the Shares have been registered under the 1933 Act or the securities
laws of any state of the United States.  None of the Shares may be
offered or sold in the United States unless registered in accordance with
federal securities laws and all applicable state securities laws or exemptions
from such registration requirements are available.

       

      
        	
                9.  

              	
                LEGENDING AND
      REGISTRATION OF SUBJECT
SECURITIES

              

      

       

      9.1 The
Subscriber hereby acknowledges that upon the issuance thereof, and until such
time as the same is no longer required under the applicable securities laws and
regulations, the certificates representing any of the Shares will bear a legend
in substantially the following form:

       

      THE
SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN AN OFFSHORE TRANSACTION TO A
PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN) PURSUANT TO REGULATION S
UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "1933
ACT").

       

      NONE OF
THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED UNDER THE 1933 ACT, OR
ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED, MAY NOT BE OFFERED OR
SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS DEFINED HEREIN) OR TO
U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S UNDER THE
1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT, OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE
WITH APPLICABLE STATE SECURITIES LAWS.  IN ADDITION, HEDGING
TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
WITH THE 1933 ACT.  "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED
BY REGULATION S UNDER THE 1933 ACT.

       

      9.2 The
Subscriber hereby acknowledges and agrees to the Company making a notation on
its records or giving instructions to the registrar and transfer agent of the
Company in order to implement the restrictions on transfer set forth and
described in this Subscription Agreement.

       

      
        	
                10.  

              	
                COLLECTION OF PERSONAL
      INFORMATION

              

      

       

      10.1 The
Subscriber acknowledges and consents to the fact that the Company is collecting
the Subscriber's personal information for the purpose of fulfilling this
Subscription Agreement and completing the Offering.  The Subscriber's
personal information (and, if applicable, the personal information of those on
whose behalf the Subscriber is contracting hereunder) may be disclosed by the
Company to (a) stock exchanges or securities regulatory authorities, (b) the
Company's registrar and transfer agent and (c) any of the other parties involved
in the Offering, including legal counsel, and may be included in record books in
connection with the Offering.  By executing this Subscription
Agreement, the Subscriber is deemed to be consenting to the foregoing
collection, use and disclosure of the Subscriber's personal information (and, if
applicable, the personal information of those on whose behalf the Subscriber is
contracting hereunder) and to the retention of such personal information for as
long as permitted or required by law or business
practice.  Notwithstanding that the Subscriber may be purchasing
Shares as agent on behalf of an undisclosed principal, the Subscriber agrees to
provide, on request, particulars as to the identity of such undisclosed
principal as may be required by the Company in order to comply with the
foregoing.

       

      
        	
                11.  

              	
                COSTS

              

      

       

      11.1 The
Subscriber acknowledges and agrees that all costs and expenses incurred by the
Subscriber (including any fees and disbursements of any special counsel retained
by the Subscriber) relating to the purchase of the Shares shall be borne by the
Subscriber.

       

      
        	
                12.  

              	
                GOVERNING
      LAW

              

      

       

      12.1 This
Subscription Agreement is governed by the laws of the State of Nevada and the
federal laws of the United States applicable thereto.  The Subscriber,
in its personal or corporate capacity and, if applicable, on behalf of each
beneficial purchaser for whom it is acting, irrevocably attorns to the exclusive
jurisdiction of the Courts of the State of Nevada.

       

      
        	
                13.  

              	
                SURVIVAL

              

      

       

      13.1 This
Subscription Agreement, including without limitation the representations,
warranties and covenants contained herein, shall survive and continue in full
force and effect and be binding upon the parties hereto notwithstanding the
completion of the purchase of the Shares by the Subscriber pursuant
hereto.

       

      
        	
                14.  

              	
                ASSIGNMENT

              

      

       

      14.1 This
Subscription Agreement is not transferable or assignable.

       

      
        	
                15.  

              	
                SEVERABILITY

              

      

       

      15.1 The
invalidity or unenforceability of any particular provision of this Subscription
Agreement shall not affect or limit the validity or enforceability of the
remaining provisions of this Subscription Agreement.

       

      
        	
                16.  

              	
                ENTIRE
      AGREEMENT

              

      

       

      16.1 Except as
expressly provided in this Subscription Agreement and in the agreements,
instruments and other documents contemplated or provided for herein, this
Subscription Agreement contains the entire agreement between the parties with
respect to the sale of the Shares and there are no other terms, conditions,
representations or warranties, whether expressed, implied, oral or written, by
statute or common law, by the Company or by anyone else.

       

      
        	
                17.  

              	
                NOTICES

              

      

       

      17.1 All
notices and other communications hereunder shall be in writing and shall be
deemed to have been duly given if mailed or transmitted by any standard form of
telecommunication.  Notices to the Subscriber shall be directed to the
address on page 2 and notices to the Company shall be directed to it at the
first page of this Subscription Agreement.

       

      
        	
                18.  

              	
                COUNTERPARTS AND
      ELECTRONIC MEANS

              

      

      

      18.1 This
Subscription Agreement may be executed in any number of counterparts, each of
which, when so executed and delivered, shall constitute an original and all of
which together shall constitute one instrument.  Delivery of an
executed copy of this Subscription Agreement by electronic facsimile
transmission or other means of electronic communication capable of producing a
printed copy will be deemed to be execution and delivery of this Subscription
Agreement as of the date hereinafter set forth.ex10_1.htm

     

    
      EMPLOYMENT AGREEMENT dated June 23, 2010,
between Roadships Holdings, Inc., a Delaware Corporation, with a principal place
of business at City Center, 525 North Tryon Street, Suite 1600, Charlotte NC
28202  ( “Company”) and Voltaire Gomez, an individual residing at 141
Orange Ave. #203, Coronado, CA 92118 (“Executive”).

      

      R E C I T A L
S

      

      Whereas, Executive’s leadership and
services shall constitute a major factor in the successful growth and
development of the Company, its subsidiaries and affiliates; and

      

      Whereas, the Company desires to
employ and retain the unique experience, ability and services of Executive as
Vice President and Director, and desires to retain Executive’s services in an
advisory and consulting capacity and to prevent any other competitive business
from securing his services and utilizing his experience, background and
expertise.

      

      Whereas, the terms, conditions and
undertakings of this Agreement were submitted to, and duly approved and
authorized by the Company’s Board of Directors at a meeting held on May 20,
2010.

      

      NOW THEREFORE in consideration
of the mutual promises, terms, conditions and undertakings hereinafter set
forth, it is agreed between the parties as follows:

      

      
        	
                1.  

              	
                Employment

              

      

      

       (a)  Executive
Employment:  The Company employs Executive and Executive
accepts employment in a principal executive and managerial capacity until June
24, 2013.  After January 1, 2011, either Executive or the Company may,
at any time terminate Executive’s Executive Employment subject to the
restrictions and conditions hereinafter contained on four (4) months prior
written notice to the other party.

      

      (b) Automatic
Renewal:  This Agreement shall be renewed automatically for
succeeding terms of three (3) years each unless either party gives written
notice to the other at least ninety (90) days prior to the expiration of any
term of Executive’s or Company’s intention not to renew pursuant to Company’s
bylaws.

      

      (c)  “Executive Employment”
Defined:  “Executive Employment” as used herein refers to the
entire period of employment of Executive by Company, whether for the periods
provided above, or whether terminated earlier as hereinafter provided or
extended by mutual agreement between the Company and Executive.

      

      (d) Advisory
Period:  If Executive’s Executive Employment is terminated as
provided for in paragraph (a) above and such termination was not with cause,
then the Company shall have the option to retain him as an advisor and
consultant for a period of two years after termination (the “Advisory
Period”).

      

      2.           Duties and
obligations.

      

      (a)
Executive shall serve as Executive Vice President of the Company.  In
Executive’s capacity, Executive shall do and perform all services, acts, or
things necessary or advisable to manage and conduct the business of Company,
including business development, acquisition strategist, managerial finance, MNA
structure and execution, operations coordinator and day to day corporate
operations.

      

      (b)
During the period of Executive’s Executive Employment, Executive shall devote
full time to such employment.  If elected, he shall serve as a
director and/or officer of the Company and any of its subsidiaries and
affiliates (hereinafter collectively referred to as “Company Subsidiaries”) and
shall perform duties customarily incidental to such offices and all other duties
the Board of Directors of the Company and the Company Subsidiaries or
affiliates, may, from time to time, assign to Executive.  If Executive
is presently a member of the Board and/or an officer of the Company and a member
of the Board and/or an officer of the Company Subsidiaries and affiliates, then
Executive shall perform duties customarily incidental to such offices and all
other duties the Board of Directors may, from time to time assign, and have
assigned to him.

      

      (c)  During
the term of employment, Executive shall diligently and conscientiously devote
his entire time, attention and effort to the tasks which Company or its owners
shall assign to him.  The expenditure of time for educational,
charitable and professional activities shall not be deemed a breach of this
Agreement if those activities do not materially interfere with the services
required under this Agreement and shall not require the prior written consent of
the Board of Directors.  If the Executive is elected or appointed as a
director or committee member, Executive shall serve in such capacity or
capacities without further compensation unless agreed to in writing by the
parties hereto. Nothing herein shall be construed, however, to require the
Executive’s election or appointment as a director or an officer.

      

      (d) The
Executive shall exert his best efforts and devote substantially all of his time
and attention to the Company's affairs. The Executive shall be in charge of the
operation of the Company, and shall have full authority and responsibility,
subject to the general direction, approval, and control of the Company's Board
of Directors, for formulating policies and administering the Company.
Executive’s powers shall include the authority to hire and fire Company
personnel and to retain consultants when Executive deems necessary to implement
Company policies.  Executive shall at all times, discharge his duties
in consultation with, and under the supervision of, the Company’s Board of
Directors.  In the performance of Executive’s duties, Executive shall
make his principal office in such place as the Company’s Board of Directors and
Executive may, from time to time, agree.

      

      

      (e)  Competitive Activities and
Restrictions.

      

      (1)  During
the term of this contract Executive shall not, directly or indirectly, either as
an employee, company, consultant, agent, principal, partner, stockholder,
corporate officer, director, or in any other individual or representative
capacity, engage or participate in any business that is in competition in any
manner whatsoever with the business of Company without the prior written consent
of the Company.

      

      (2)
Executive agrees that during the term of this contract and for a period of three
(3) years after termination of this Agreement, Executive shall not directly or
indirectly solicit, hire, recruit, or encourage any other employee of Company to
leave Company.

      

      (3)  Restrictive
Covenant.  For a period of three (3) years after the termination or
expiration of this Agreement, the Executive shall not, directly or indirectly,
own, manage, operate, control, be employed by, participate in, or be connected
in any manner with the ownership, management, operation, or control of any
business similar to the type of business conducted by the Company at the time
this Agreement terminates.  Because of the global nature of the
shipping and logistics industry and since the parties intend to operate the
company internationally, the radius (the “Radius”) of this restrictive covenant
shall include but not by way of limitation all of North America, South America,
Australia and New Zealand, Asia, Europe, Antarctica, Greenland, Africa and any
area deemed to be international waters or transboundary waters as defined from
time to time. In the event of the Executive's actual or threatened breach of
this paragraph, the Company shall be entitled to a preliminary restraining order
and injunction restraining the Executive from violating its provisions. Nothing
in this Agreement shall be construed to prohibit the Company from pursuing any
other available remedies for such breach or threatened breach, including the
recovery of damages from the Executive.

      

      (4)  For
a period of thirty-six (36) months after this Agreement has been terminated for
any reason, regardless of whether the termination is initiated by Company or
Executive, or for a period of time equal to the length of Executive's employment
with Company if such tenure is less than thirty-six (36) months, Executive will
not, directly or indirectly, solicit any person, company, firm, or corporation
who is or was a customer of Company during a period of five (5) years prior to
the termination of Executive's employment. Executive agrees not to solicit such
customers on behalf of himself or any other person, firm, company, or
corporation.

      

      (5) The
Executive agrees that for a period of six (6) months after the termination of
his employment with Company, regardless of whether the termination was initiated
by Company or Executive, he will not accept employment with, or act as a
consultant, contractor, advisor, or in any other capacity for, a competitor of
the Company, or enter into competition with the Company, either by himself or
through any entity owned or managed in whole or in part by the Executive, within
the Radius. The term ''competitor,'' as used herein, means any entity primarily
engaged in the business of shipping, logistics, short sea
shipping, designing, building and operations, or primarily engaged in any
other business in which Company engages subsequent to the date of this
Agreement.

      

      (6) The
parties have attempted to limit Executive's right to compete only to the extent
necessary to protect Company from unfair competition. The parties recognize,
however, that reasonable people may differ in making such a determination.
Consequently, the parties hereby agree that, if the scope or enforceability of
the restrictive covenant or the Radius is in any way disputed at any time, a
court or other trier of fact may modify and enforce the covenant to the extent
that it believes the covenant is reasonable under the circumstances existing at
that time.

      (7)
Executive further acknowledges that (i) in the event Executive’s employment with
Company terminates for any reason, regardless of whether the termination is
initiated by Company or Executive, Executive will be able to earn a livelihood
without violating the foregoing restrictions; and (ii) Executive’s ability to
earn a livelihood without violating such restrictions is a material condition of
Executive’s employment with Company.

      

      (f)  Uniqueness of Executive’s
Services.  Executive represents and agrees that the services to
be performed under the terms of this contract are of a special, unique, unusual,
extraordinary, and intellectual character that gives them a peculiar value, the
loss of which cannot be reasonably or adequately compensated in damages in an
action at law. Executive therefore expressly agrees that Company, in addition to
any other rights or remedies that Company may possess, shall be entitled to
injunctive and other equitable relief to prevent or remedy a breach of this
contract by Executive.

      

      (g) Matters Requiring Consent of the
Board of Directors:  Executive shall not, without the specific
approval of Company’s Board of Directors, do or contract to do any of the
following:

      

      (1) Borrow, or otherwise assume
liability, on behalf of Company during any fiscal year an amount in excess of
Five Hundred ($500) Dollars;

      

      (2) Permit any customer or client of
Company to become indebted to Company in an amount in excess of Five Hundred
($500) Dollars;

      

      (3) Purchase capital equipment for
amounts in excess of the amounts budgeted and approved for expenditure by the
Board of Directors;

      

      (4) Sell any single capital asset of
Company having a market value in excess of Five Hundred ($500) Dollars or a
total of capital assets during a fiscal year having a market value in excess of
Five Hundred  ($500) Dollars; and

      

      (5) Commit the Company to an
expenditure of more than Five Hundred ($500) Dollars in the development and sale
of new products and services.

      

      3.           Vacations and Personal
days.  Executive shall be entitled to annual vacations, during
which time his Salary and compensation shall be paid, in a manner commensurate
with his status as a principal executive, which shall be two weeks per
year.  Executive shall be entitled to five (5) unauthorized absences
per year and five (5) personal days. The personal days must be scheduled in
advance and are subject to the requirements of the Company.  Any
unused Vacation and Personal days can be accrued from year to year.

      

      4.           Salary, Compensation,
Incentives and Benefits.

      

      (a)
Executive’s salary shall be set at the discretion of the Board of Directors from
time to time.

      

      (b) Bonus Incentive
Package.

      

      (1) No
incentive compensation package has been contemplated.

      

      (2)  No Profit-Sharing Based
on Performance package has been contemplated.

      

      (3) No Stock Bonus package has been
contemplated.

      

      (4)
Warrants.

      

      (i)  Company
hereby grants Executive Warrants for the purchase of Ten Million (10,000,000)
shares of Company's common stock as compensation for services rendered or to be
rendered (equates to $0.001 per share), for a period of three years from the
date of this Agreement. The warrants may be exercised in whole or in part, but
may only be exercised in lots of Twenty Five Thousand (25,000) shares. Executive
shall not have any of the rights of, nor be treated as, a shareholder with
respect to the shares subject to these warrants until Executive has exercised
the warrant and has become the shareholder of record of those
shares.

      

      (ii) The warrants are not
assignable.

      

      (iii) The warrants may only be
exercised by Executive for three years following the date of this Agreement.
However, in the event that the employment term is terminated by Company for any
reason, Executive shall NOT retain the right to exercise any unused portion of
the warrants.

      

      (c)  Deferred Compensation.
N/A.

      

      (d)  Salary Continuation During Permanent
Disability.  If Executive for any reason whatsoever becomes
permanently disabled so that Executive is unable to perform the duties
prescribed herein, this Agreement may be terminated at the option of the
Company.

      

      (e) Effect of Death.  If
Executive dies during the term of this Agreement, the Company shall have the
option to terminate.

      

      (f) This Agreement shall not be in lieu
of any rights, benefits and privileges to which Executive may be entitled to as
an Executive of the Company under any retirement, pension, profit-sharing,
insurance, hospital or other plans which may now be in effect or which may
hereafter be adopted.  Executive shall have the same rights and
privileges to participate in such plans and benefits as any other Executive
during Executive’s period of Executive Employment.

      

      (g)  Company agrees to
include Executive in the full coverage of medical, dental, and eye care
insurance if such coverage is acquired.

      

      (h) Executive is entitled to receive
from Company all fringe benefits in effect for Company’s principal executive
officers.

      

      
        	
                5.  

              	
                Advisory
      Compensation.

              

      

      

      (a)  Payment and
services.  During the Advisory Period, the Company shall pay to
Executive an annual compensation equal to one-half of his Salary during the last
twelve month period of Executive’s employment (“Advisory Compensation”), to be
paid in equal monthly installments on the fifteenth (15th) day of each
month.  While receiving such Advisory Compensation, Executive shall,
at all reasonable times, to the extent his physical and mental condition
permits, be available to consult with and advise the Company’s officers,
directors and other representatives.  If Executive’s physical or
mental condition prevents him from fulfilling his consulting or advisory duties,
Executive shall still be entitled to the Advisory Compensation during the entire
Advisory Period.  The parties agree that this advice and counsel shall
not entail full time service and shall be consistent with Executive's retirement
status

      

      (b) Location:  Executive
shall not be required, without his prior written consent, to render advisory
services at any place other than the principal place of business of the Company,
if Executive moves more than twenty-five (25) miles away from the Company’s
principal place of business.

      

      (c) Restriction:  During
the Advisory Period Executive shall be deemed to be an independent contractor
and shall be permitted to engage in any business or perform services for his own
account, provided that such business and services shall not be in competition
with, or be for a company that is in competition with, the Company or its
subsidiaries or affiliates.

      

      6.           Expenses.

      

      (a) The
Company recognizes that Executive will have to incur certain out of pocket
expenses related to his services and the Company’s business and that it will be
extremely difficult to account for such expenses. It is understood that
Executive’s Salary and compensation is intended to cover all such out-of-pocket
expenses. The Company, however, shall reimburse Executive for any specific
preapproved expenditure incurred for travel, lodging, entertainment and similar
items upon the presentation to Company of an itemized account of such
expenditures.  Each such expenditure shall be reimbursable only if it
is of a nature qualifying it as a proper deduction on the federal and state
income tax return of Company.  Notwithstanding the foregoing, during
the Advisory Period the Company shall reimburse Executive for all preapproved
expenses incident to the rendering of advisory and consultant
services.

      

      7.           Insurance.
N/A.

      

      8.           Indemnification. The
Company shall indemnify the Executive and hold him harmless for all acts or
decisions made by him in good faith while performing services for the Company
and Company Subsidiaries and affiliates. The Company shall also use its best
efforts to obtain coverage for him under any insurance policy now in force or
hereinafter obtained during the term of this Agreement covering the other
officers and directors of the Company and Company Subsidiaries and affiliates
against lawsuits. The Company shall pay all expenses including attorney's fees,
actually and necessarily incurred by the Executive in connection with the
defense of such act, suit or proceeding, and in connection with any related
appeal, including the cost of court settlements.

      

      9.           Incapacity and
Termination.

      

      (a) "Cause" for termination shall mean
(i) Employee's final conviction of a felony involving a crime of moral turpitude
or (ii) acts of Employee which, in the unanimous judgment of the Board,
constitute willful fraud on the part of Employee in connection with his duties
under this Agreement, including misappropriation or embezzlement in the
performance of duties as an employee of the Company, or willfully engaging in
conduct materially injurious to the Company and in violation of the covenants
contained in this Agreement.

      

      (b) Termination.  This
Agreement may be terminated by the Company with the express approval of the
Board of Directors, without prior notice to Executive on account of Executive’s
gross misconduct, a violation of this Agreement, habitual neglect of the
Executive to perform his duties under this Agreement, Executive’s acts of
dishonesty or other conduct which damages the reputation or standing of the
Company, Executive’s unauthorized disclosure of confidential information or
trade secrets, dishonesty, fraud, misrepresentation or other acts of moral
turpitude as would prevent the effective performance of Executive’s duties and
Executive’s breach of Executive’s duty of loyalty to Company.

      

      (c) Termination upon sale of
Company:  Notwithstanding anything to the contrary, the Company
may terminate this Agreement by giving ten (10) days notice to the Executive if
any of the following events occur:

      

      (1) the Company sells substantially all
of its assets to a single purchaser or to a group of associated
purchasers;

      (2) at least two-thirds of the
outstanding corporate shares of the Company are sold, exchanged, or otherwise
disposed of, in one transaction;

      (3) the Company elects to terminate its
business or liquidate its assets; or

      (4) there is a merger or consolidation
of the Company in a transaction in which the Company’s s shareholders receive
less than fifty (50%) percent of the outstanding voting shares of the new or
continuing corporation.

      

      (d)  Effect of Merger, Consolidation,
transfer of assets, or Dissolution.

      

      (1)  This agreement shall not
be terminated by any voluntary or involuntary dissolution of Company resulting
from either a merger or consolidation in which Company is not the consolidated
or surviving corporation, or a transfer of all or substantially all of the
assets of Company.

      

      (2)  In the event of any such
merger or consolidation or transfer of assets, Company's rights, benefits, and
obligations hereunder shall be assigned to the surviving or resulting
corporation or the transferee of Company's assets.

      

      10.  Executive’s Stock Holdings
in Company

      

      (a)  Disposition of Stock during
Lifetime.  Except to the extent as provided for by Rule 144 of
the Securities and Exchange Act, Executive shall not dispose of any of the
shares of stock of the Company now or hereafter owned by him except pursuant to
the terms of this agreement or with the written consent of Michael Nugent, CEO
or Robert Smith, Corporate Secretary, so long as at the applicable time these
individuals are still shareholders (hereinafter “the other
Stockholders”).  The word "dispose" as herein used shall mean to sell,
assign or transfer, with or without consideration, encumber, pledge,
hypothecate, or otherwise dispose of shares of stock in the
Company.

      

      (1) If
wishing to dispose of his shares, Executive shall first give written notice to
the Company pursuant to the terms of paragraph 20.  Within thirty (30)
days after the receipt of such notice, the Company, out of its surplus, shall
have the option, but not the obligation, to purchase all of the Executive’s
shares of stock at a mutually agreed upon price per share.  If such
option is not exercised by the Company, the Stockholders to purchase all of the
Executive’s shares.   The exercise of this option shall be in
writing and mailed pursuant to the terms of paragraph 20 to the Executive and
the Company.  In either event, whether the Company or the other
Stockholders elect to purchase, the notice accepting the offer shall specify the
date for the closing of the purchase which shall be not more than thirty (30)
days after the receipt by the Executive of such acceptance notice given by the
Company or Stockholder(s), as the case may be.

      

      (2) The
purchase price shall be the per share published market price;

      

      (3) If
the offer to sell is neither accepted by the Company nor by the other
Stockholders, the Executive may, thereafter, make a bona fide transfer or
dispose of their shares of stock to a prospective outside purchaser, in which
event said third party shall hold such shares subject to the terms, conditions,
and restrictions of the shares or this agreement and shall become a signatory
thereto.

      

      (i)           The
Executive, in such case, shall give written notice to the Company and, as
applicable, Stockholder(s) specifying the name and address of the prospective
outside purchaser and the terms of the proposed transaction with said
outsider.  There shall be annexed to the said notice a copy of the
contract, if any, between the Executive and the outsider.  The Company
shall thereupon, in the first instance, have a further option to consummate the
transaction with the Executive at the same price and at the same terms as
specified in said notice, or, alternatively, if the Company shall be unable or
shall refuse to exercise said further option, then the Stockholders may do so as
provided herein.

      

      (ii)  If
such further option be exercised by the Company or other Stockholders, notice
shall be given to the Executive of the willingness of the Company, in the first
instance, or, as applicable, Stockholder(s), in the second instance, to close
the transaction on the basis offered by an outsider.  In either event,
whether the Company or the other Stockholders elect to meet the outsider's
terms, the acceptance notice shall specify the date for the closing of the
transaction which shall not be later than that of the proposed transaction with
said outsider.

      

      (iii)           If
the Company or, as applicable, the Stockholder(s), for any reason whatsoever,
fail to exercise either the first option provided for under this agreement or
the further option, in either of such cases the Executive’s shares of stock
shall be freed from the restrictions of this agreement and the said shares of
stock may be sold to any outsider upon such terms as the Executive may see fit
to offer and an outsider may see fit to accept.  If the Executive
consummates a sale with an outsider under the provisions of this paragraph of
the agreement, in such case, the Executive shall furnish copies of all documents
executed with the outsider within five (5) days after their execution and
delivery

      

      (b)  Purchase of Stock Upon
Death

      

      (1)  Obligatory Purchase and
Sale. Upon the death of the Executive, the Company shall be given first
right of refusal to purchase all or a portion of his shares of stock, or the
shares of stock to which he or his personal representative shall be entitled, at
a price equal market or an otherwise mutually agreed upon price.

      

      (2) Terms of
Payment.                                                      The
Company shall pay to the personal representative of the Executive the purchase
price, as hereinabove determined, as a onetime cash settlement or as otherwise
agreed to in writing and attached to this agreement.

      

      (3)  Failure of Corporation to
Purchase.                                                                                     If
the Company, for any reason whatsoever, shall fail or refuse to purchase all of
the shares of the Executive, then, the stock shall be sold at market price and
demand.

      

      (c)  Purchase Price

      

      (1)  The
purchase price of any stock of the Company sold, purchased or retired pursuant
to any provision of this Agreement shall be determined based on the published
market price of the Company’s stock.

      

      (3)  No
allowance of any kind shall be made for good will, trade name or similar
intangible asset(s), beyond that assigned by market price.

      

      (d)  Involuntary
Assignments

      

      (1)  In
the event that the Executive shall be divested of title to his shares of capital
stock by involuntary sale, assignment or transfer, (as, for example, but without
limiting the generality thereof, by sale under levy of attachment or execution,
or sale in connection with bankruptcy or other court process) or transfer to a
spouse in satisfaction of marital rights in connection with a separation or
divorce, the person, firm or corporation acquiring such stock (hereinafter
called the “Judicial Assignee"), shall take and hold such shares of capital
stock subject to all the restrictions and obligations as was the
Executive.

      

      (2)  Within
thirty (30) days after such stock is transferred to the Judicial Assignee on the
books of the Company, if such transfer be deemed proper by the Company, the
Company may (but shall not be obligated to), by written notice given to the
Judicial Assignee, elect to purchase from the Judicial Assignee the subject
stock for the same amount as the Judicial Assignee paid for the stock, or an
otherwise mutually agreed upon price.

      11.           Ownership in
Company.  All ideas, inventions, trademarks, and other
developments or improvement conceived by Executive, alone or with others, during
the term of employment, whether or not during working hours, that are within the
scope of Company's business operations, or that relate to any Company or Company
Subsidiaries work or projects, are the exclusive property of the Company.
Executive agrees to assist the Company and Company Subsidiaries, at its expense,
to obtain patents on any patentable ideas, inventions, trademarks, and other
developments, and agrees to execute all documents necessary to obtain the
patents in the name of the Company or Company Subsidiaries.

      

      12.           Nondisclosure.  Executive
shall be dealing with Company's confidential information, inventions, trade
secrets, and processes which are Company's sole and exclusive
property.  Executive agrees that Executive shall neither disclose to
anyone, directly or indirectly, without the prior written consent of the
Company, Company's confidential information, nor will Executive use said
confidential information outside the scope of Executive’s employment. All
documents that Executive prepares and all confidential information provided to
Executive as a result of or related to Executive’s employment shall, at all
times, remain the exclusive property of the Company, and will remain in
Company's possession on its premises. Under no circumstances, may Executive
remove any confidential information or documents from Company's
premises.

      

      13.           Client
Information.  The Executive acknowledges that the list of the
Company's Clients and Brokers, as the Company may determine from time to time,
is a valuable, special, and unique asset of the Company's business. The
Executive shall not, during and after the term of his employment, disclose all
or any part of the Executive's customer list to any person, firm, corporation,
association, or other entity for any reason or purpose. In the event of the
Executive's breach or threatened breach of this paragraph, the Company shall be
entitled to a preliminary restraining order and an injunction restraining and
enjoining the Executive from disclosing all or any part of the Company's Client
list and from rendering any services to any person, firm, corporation,
association, or other entity to whom all or any part of such list has been, or
is threatened to be, disclosed. In addition to or in lieu of the above, the
Company may pursue all other remedies available to the Company for such breach
or threatened breach, including the recovery of damages from the
Executive.

      

      14.           Trade
Secrets.

      

      (a)  The parties acknowledge
and agree that during the term of this agreement and in the course of the
discharge of Executive’s duties hereunder, Executive shall have access to and
become acquainted with financial, personnel, sales, scientific, technical and
other information regarding formulas, patterns, compilations, programs, devices,
methods, techniques, operations, plans and processes that are owned by Company,
actually or potentially used in the operation of Company's business, or obtained
from third parties under an agreement of confidentiality, and that such
information constitutes Company's ''trade secrets.''

      

      (b)  Executive specifically
agrees that Executive shall not misuse, misappropriate, or disclose in writing,
orally or by electronic means, any trade secrets, directly or indirectly, to any
other person or use them in any way, either during the term of this agreement or
at any other time thereafter, except as is required in the course of Executive’s
employment.

      

      (c)  Executive acknowledges
and agrees that the sale or unauthorized use or disclosure in writing, orally or
by electronic means, of any of Company's trade secrets obtained by Executive
during the course of Executive’s employment under this agreement, including
information concerning Company's actual or potential work, services, or
products, the facts that any such work, services, or products are planned, under
consideration, or in production, as well as any descriptions thereof, constitute
unfair competition. Executive promises and agrees not to engage in any unfair
competition with Company, either during the term of this Agreement or at any
other time thereafter

      

      (d)  Executive further agrees
that all files, records, documents, drawings, specifications, equipment,
software, and similar items whether maintained in hard copy or on-line relating
to Company's or Company Subsidiaries’ business, whether prepared by Executive or
others, are and shall remain exclusively the property of Company and that they
shall be removed from the premises or, if kept on-line, from the computer
systems of Company only with the express prior written consent of the
Company.

      

      15.           Use of Executive’s
Name.

      

      (a) Company shall have the right to use
the name of Executive as part of the trade name or trademark of Company if it
should be deemed advisable to do so. Any trade name or trademark, of which the
name of Executive is a part, that is adopted by Company during the employment of
Executive may be used thereafter by Company for as long as Company deems
advisable.

      (b) Executive shall not, either during
the term of this Agreement or at any time thereafter, use or permit the use of
Executive’s name in the trade name or trademark of any other enterprise if that
other enterprise is engaged in a business similar in any respect to that
conducted by Company, unless that trade name or trademark clearly indicates that
the other enterprise is a separate entity entirely distinct from and not to be
confused with Company and unless that trade name or trademark excludes any words
or symbols stating or suggesting prior or current affiliation or connection by
that other enterprise or its employees with Company.

      

      16.           Nontransferability.  Neither
Executive, Executive’s spouse, nor their estates shall have any right to
commute, anticipate, encumber or dispose of any payment under this
Agreement.  Such payments and accompanying rights are nonassignable
and nontransferable, expect as otherwise specifically provided for in this
Agreement.

      

      17.           Breach of the
Agreement.  In the event of any claimed breach of this
Agreement, the party claimed to have committed the breach will be entitled to
written notice of the alleged breach and a period of ten (10) days in which to
remedy such breach. Executive acknowledges and agrees
that a breach of any of the covenants contained in this Agreement will result in
irreparable and continuing harm to the Company for which there will be no
adequate remedy at law. The Company will be entitled to preliminary and
permanent injunctive relief to restrain Executive from violating the terms and
conditions of this Agreement in addition to other available remedies, at law and
in equity.

      (1)
Executive acknowledges that: (i) compliance with Paragraphs 2(e), (f), and (g)
is necessary to protect the Company's business and good will; (ii) a breach of
those Paragraphs will irreparably and continually damage Company; and (iii) an
award of money damages will not be adequate to remedy such harm.

      (2)
Consequently, Executive agrees that, in the event he breaches or threatens to
breach any of these covenants, Company shall be entitled to both: (i) a
preliminary or permanent injunction in order to prevent the continuation of such
harm; and (ii) money damages, insofar as they can be determined, including,
without limitation, all reasonable costs and attorneys' fees incurred by the
Company in enforcing the provisions of this Agreement. Nothing in this
Agreement, however, shall prohibit Company from also pursuing any other
remedy.

      (3) If,
after the expiration of the three (3) year period referred to in Paragraph 2(e)
hereof, Executive becomes affiliated with any business that competes with
Company, either as a shareholder, manager, partner, creditor, employee,
consultant, agent or independent contractor, or a customer or account of Company
becomes a customer or account of the competing business with which Executive is
affiliated, this fact shall be presumptive evidence that Executive has breached
the terms of this Agreement, and the burden of proving otherwise shall rest upon
Executive.

      (4) As
money damages for the period of time during which Executive violates these
covenants, Company shall be entitled to recover the full amount of any fees,
compensation, or other remuneration earned by Executive as a result of any such
breach.

      

      18.           Binding
Effect.  This Agreement shall inure to the benefit of, and be
binding upon, the Company, its successors and assigns, including without
limitation, any person, partnership, company or corporation which may acquire
substantially all of the Company’s assets or business or with or into which the
Company may be liquidated, consolidated or otherwise combined.  In
addition, this Agreement shall inure to the benefit of, and be binding upon,
Executive, Executive’s heirs, distributes, assigns, and personal
representatives.

      

      19.           Waiver.  The
failure of either party to insist in any one or more instances upon performance
of any term or condition of this Agreement shall not be construed as a waiver of
future performance.  The obligations of either party with respect to
such term, covenant or condition shall continue in full force and
effect.

      

      20.           Notice.  Any
notice given hereunder shall be in writing and delivered or mailed by first
class mail and either reputable overnight delivery service or registered
certified mail return receipt requested to the parties at the following
addresses:

      

      Company:                      Roadships
Holdings, Inc.

      525 North
Tryon Street

      Suite
1600 City Center

      Charlotte
NC 28202

      704-237-3194

      

      Executive:                      Voltaire
Gomez

      141
Orange Ave.

      #203

      Coronado,
CA 92118

      

      21.           Entire
Agreement.  This Agreement supersedes all previous agreements
between Executive and Company and contains the entire understanding and
agreement between the parties with respect to its subject
matter.  This Agreement cannot be amended, modified or supplemented in
any respect except by a subsequent written agreement entered into by both
Executive and Company.

      

      22.           Headings.  Headings
in this Agreement are for convenience purposes only and shall not be used to
interpret or construe its provisions.

      

      23.           Governing
Law.  This Agreement shall be construed in accordance with and
be governed by the laws of the State of Delaware.

      

      24.           Arbitration.  Any
dispute or claim arising from or in any way related to this agreement shall be
settled by arbitration in North Carolina at the option of Company. All
arbitration shall be conducted in accordance with the rules and regulations of
the American Arbitration Association ("AAA"). AAA shall designate a panel of
three arbitrators from an approved list of arbitrators following both parties'
review and deletion of those arbitrators on the approved list having a conflict
of interest with either party. Each party shall pay its own expenses associated
with such arbitration.  A demand for arbitration shall be made within
a reasonable time after the claim, dispute or other matter has arisen and in no
event shall such demand be made after the date when institution of legal or
equitable proceedings based on such claim, dispute or other matter in question
would be barred by the applicable statutes of limitations.  The
decision of the arbitrators shall be rendered within sixty (60) days of
submission of any claim or dispute, shall be in writing and mailed to all the
parties included in the arbitration.  The decision of the arbitrator
shall be binding upon the parties and judgment in accordance with that decision
may be entered in any court having jurisdiction thereof.

      

      24.           Severability.  If
any provision of this Agreement is held to be illegal or invalid by a court of
competent jurisdiction, such provision shall be deemed to be severed and deleted
and neither such provision, nor its severance and deletion, shall affect the
validity of the remaining provisions.

      

      IN WITNESS HEREOF, the parties
have executed this Agreement the day and year above written.

      

      Executive                                                                Company

      

      

      

      ________________________                                   _____________________________

      Voltaire
Gomez                                                              Roadships
Holdings, Inc.

      By: Micheal Nugent, CEO

      

      

      

      Corporate
Seal

      Attest:

      

      

      ________________________

       

      Robert
Smith

      Corporate
Secretary

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