Document:

Exhibit 10.1

                                      LEASE

Parties and Addresses

                    "TAA"         TUCSON AIRPORT AUTHORITY,
                                  an Arizona nonprofit corporation
                                  Attention:   Director of Properties
                                  Tucson International Airport
                                  7005 South Plumer
                                  Tucson, Arizona 85706

                    "Tenant"      HAMILTON AEROSPACE TECHNOLOGIES,
                                  INC., a Delaware corporation d.b.a. Renegade
                                  Ventures, Inc.
                                  P.O. Box 23009
                                  Tucson, Arizona 85734-3009

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                                                                           Page
                                                                           ----
 ARTICLE I           - PREMISES                                              1
         1.1      PREM1SES                                                   1
         1.2      CONDITION OF PREMISES                                      1
         1.3      ACCESS                                                     1
 ARTICLE 2           -TERM                                                   1
         2.1      TERM                                                       1
         2.2      TERMINATION                                                1
         2.3      HOLDOVER                                                   2
         2.4      SURRENDER OF PREMISES                                      2
 ARTICLE 3          - RENT AND CONTRACT BOND                                 2
         3.1      RENT                                                       2
         3.2      COMMENCEMENT OF RENTAL OBLIGATIONS                         2
         3.3      INTEREST/ADMINISTRATIVE CHARGE                             3
         3.4      CONTRACT BOND                                              3
         3.5      ADDITIONAL CONSIDERATION                                   3
 ARTICLE 4          - CONSTRUCTION OF IMPROVEMENTS                           4
         4.1      TITLE TO IMPROVEMENTS                                      4
         4.2      APPROVAL OF PLANS, CONTRACTOR                              4
         4.3      COMPLIANCE WITH APPLICABLE REGULATIONS AND
                  APPROVED PLANS; STANDARDS OF CONSTRUCTION                  5
         4.4      COMPLIANCE WITH FAR PART 77                                5
         4.5      MECHANICS' LIENS; PAYMENT BOND                             5
 ARTICLE 5          - USE OF PREMISES                                        6
         5.1      PERMITTED USES; COVENANT To OPERATE                        6
         5.2      INDEMNITY                                                  6
         5.3      DANGEROUS CONDITIONS                                       6
         5.4      AIRCRAFT ON PREMISES                                       7
 ARTICLE 6          -INSURANCE                                               7
         6.1      INSURANCE REQUIRED OF TENANT                               7
         6.2      DEDUCTIBLE                                                 8
         6.3      MODIFICATION OF REQUIREMENTS                               8
         6.4      CERTIFICATES                                               8
         6.5      ADDITIONAL INSURANCE                                       8
         6.6      ADDITIONAL INSUREDS                                        8
         6.7      USEOFPROCEEDS                                              9
         6.8      WAIVER OF SUBROGATION                                      9
         6.9      INSURANCE BY TAA                                           9
 ARTICLE 7          - UTILITIES                                              9
         7.1      TENANT'S RESPONSIBI~ES                                     9
         7.2      TAA'S RIGHTS AND RESPONSIBILATIES                         10
 ARTICLE 8          - REPAIR AND MAINTENANCE                                10
         8.1      REPAIR AND MAINTENANCE                                    10
         8.2      CASUALTY AND RESTORATION                                  10

                                       -I-

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                               TABLE OF CONTINENTS
                                   (Continued)
ARTICLE 9                TAXES                                              10
          9.1    TENANT'S RESPONSU3ILITY                                    10
          9.2    PROTEST                                                    10
ARTICLE 10       RULES, REGULATIONS AND LAWS                                11
         10.1    COMPLIANCE WITH ALL APPLICABLE LAWS                        11
         10.2    NON-DISCRIMINATION                                         11
         10.3    AFFIRMATIVE ACTION                                         12
         10.4    FEDERAL AVIATION REGULATIONS; AIRPORT ACCESS               12
         10.6    STATE AND FEDERAL AVIATION REGULATIONS                     13
         10.7    EXCLUS1VE RIGHTS PROHIBITED                                13
         10.8    ENVIRONMBNTAL LAWS                                         13
ARTICLE 11       - SUPERIOR RIGHTS
         11.1    AGREEMENTS WITH UMTED STATES                               17
         11.2    RIGHTS OF GOVERNMENT DURING WAR OR NATIONAL
                 EMERGENCY                                                  17
         11.3    RIGHTS OF TAA                                              17
         11.4    AGREEMENTS WITH CITY OF TUCSON                             18
         11.5    ABATEMENT OF OBLIGATION TO CONSTRUCT OR REBUILD            18
         11.6    SUPERFUND CONSENT DECREE                                   18
ARTICLE 12       - RESERVATION OF AVIGATION EASEMENT
         12.1    EASEMENT                                                   18
         12.2    STRUCTURES; ELEVATION LIMIT                                19
         12.3    USE OF PREMISES                                            19
ARTICLE 13       - ASSIGNMENT AND SUBLEASE
         13.1    ASSIGNMENT PROHIBITED                                      19
         13.2    CHANGES IN OWNERSHIP                                       19
ARTICLE 14       - COMMISSIONS
         14.1    REAL ESTATE BROKER COMMISSION                              19
ARTICLE 15       - SURRENDER OF POSSESSION, CONDITION OF PREMISES
         15.1    SURRENDER                                                  20
         15.2    GOOD CONDITION                                             20
ARTICLE 16       - MISCELLANEOUS
         16.1    ENTRY UPON PREMISES; REVIEW OF RECORDS                     20
         16.2    SUCCESSORS AND ASSIGNS BOUND                               20
         16.3    ARTICLE HEADINGS                                           20
         16.4    SEVERABILITY                                               21
         16.5    APPLICABLELAW                                              21
         16.6    INDEPENDENT COUNSEL; CONSTRUCTION OF LEASE                 21
         16.7    COSTS AND ATTORNEYS' FEES                                  21
         16.8    NOTICE; TENANT CONTACT                                     22
         16.9    SURVIVAL                                                   22
         16.10   TIME IS OF THE ESSENCE                                     22
         16.11   ADDITIONAL DOCUMENTS                                       22

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                                TABLE OF CONTENTS
                                   (Continued)
        16.12     NON WAIVER                                                22
        16.13     AUTHORITY TO EXECUTE                                      23
        16.14     EFFECTIVE DATE                                            23

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     A. TAA has leased from the City of Tucson, a municipal corporation, the
     airport known as Tucson International Airport located in Pima County, State
     of Arizona (the " Airport").

     B. Tenant desires to sublease from TAA a portion of the Airport as shown
     on the attached Exhibit A, together with certain improvement thereon (the
     "Premises")

                            CONVENANTS AND CONDITIONS

                              ARTICLE 1 - PREMISES

1.1 PREMISES

     TAA does hereby demise and let unto Tenant, for its exclusive use and
     occupancy, and Tenant does hereby lease from TAA, the Premises, together
     with all improvements thereon, subject to all utility easements and rights
     of way that encumber the Premises.

1.2 CONDITION OF PREMISES

     Tenant accepts the Premises from TAA in As Is condition, with no warranty
     or representation, express or implied, of any kind, relating to the
     condition of the Premises or improvements thereon whether or not known or
     disclosed.

     Should Tenant desire any inspection report, environmental assessment,
     survey, creation of a legal description, drainage report, or any similar
     study, Tenant shall be responsible for the same at Tenant's sole expense.

1.3 ACCESS

     Tenant is granted the right of reasonable access to the Premises over such
     other portions of the Airport as are necessary to provide reasonable access
     to and from the Premises. TAA reserves the right to designate the location
     of such access and to change its location from time to time, as TAA deems
     reasonably necessary and appropriate.

                                ARTICLE 2 - TERM

2.1 TERM

     This Lease shall be a month-to-month tenancy beginning on May 1, 2003 (The
     "Commencement Date") and continuing until terminated.

2.2 TERMINATION

     Either party may terminate this lease (I) upon thirty (30) days' written
     notice to the other; (ii) upon ten (10) days' written notice in event of
     default; or (iii) immediately upon written notice in the event of
     nonpayment of rent.

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2.3 HOLDOVER

     If Tenant holds over after the termination of this Lease without the
     express written consent of TAA, Tenant shall become a tenant at sufferance
     only, at a rental rate equal to two hundred (200%) of the rent in effect
     upon the date of such expiration or termination, and shall be subject to
     the terms, covenants and conditions of this lease. Acceptance by TAA of
     rent after such expiration or termination, and shall be subject to the
     terms, covenants and conditions of this Lease. The foregoing provision of
     this Section are in addition to and do not affect TAA's rights fails to
     surrender the premises upon such expiration or termination despite TAA's
     demand to do so, Tenant shall indemnify and hold TAA harmless from all
     loss, claim or damage TAA incurs, including without limitation, a claim
     made by a successor tenant for failure to provide possession of the
     Premises and any attorney's fees and costs incurred by TAA related thereto.

     Upon the expiration or earlier termination of this Lease, Tenant shall (a)
     peaceably surrender the Premises and all alterations and additions thereto,
     (b) broom clean the Premises, (c) remove all trade fixtures, (d) leave the
     Premises in good order, repair and condition, reasonable wear and tear
     excepted, and (e) comply with any other provisions herein.

                       ARTICLE 3 - RENT AND CONTRACT BOND

3.1 RENT

     A.   Tenant covenants and agrees to pay TAA rent beginning on the
          Commencement Date in an amount equal to fourteen Thousand Three
          Hundred Eighty-Five Dollars ($14,385.00) per month. TAA shall have the
          right to increase rent at any time upon thirty days written notice,
          provided that rent shall not exceed fair market value as established
          by an appraisal of the Premises.

     B.   Tenant covenants and agrees to pay TAA an amount equal to the cost of
          procuring and maintaining property insurance for the Premises as
          provided in Section 6.9B.

     C.   Tenant shall make a one-time payment to TAA on or before the
          Commencement Date in the amount of $35,321.63. If this payment is not
          received on or before such date, then this Lease shall automatically
          terminate and shall be of no farther force or effect.

3.2 COMMENCEMENT OF RENTAL OBLIGATIONS.

     The first installment of rent arid insurance premium shall be due upon the
     Commencement Date hereof In the event that the Commencement Date is a day
     other than the first day of the month, the first payment shall be prorated
     to reflect the number of days remaining in the applicable calendar month.
     Subsequent Installments shall be due, in advance, on the first day of each
     succeeding calendar month during the Term of this Lease. Any invoice
     provided by TAA is for courtesy only, and any failure of TAA to send such
     an invoice shall not relieve Tenant of its obligation hereunder to pay the
     rent in a timely manner.

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3.3 INTEREST/ADMINISTRATIVE CHARGE

     Payments not received when due shall accrue interest from the due date at
     the rate of one and one half percent (1.5%) per month In addition, if any
     payment due hereunder is more than ten (10) days past due, Tenant shall pay
     TAA an amount equal to five percent (5%)) of such payment as an
     administrative charge to help offset the administrative burden created by
     late payments.

3.4 CONTRACT BOND

     Tenant, on or before the Commencement Date hereof, shall furnish TAA with a
     valid surety bond, in an amount equal to Seventy-Five Thousand Dollars
     ($75,000.00) issued iii a form reasonably acceptable to TAA and by a surety
     company qualified to do business in the State of Arizona and acceptable and
     satisfactory to TAA, or such other security approved by TAA. The surety
     bond shall be maintained and kept by Tenant in full force and effect during
     the Term of this Lease and sixty (60) days thereafter and shall be
     conditioned to assure the faithful and full performance by Tenant of this
     Lease and to stand as security for the payment by Tenant of any valid claim
     by TAA against Tenant. The surety co1~pany may issue the performance bond
     for a term of one (1) year and may renew said performance bond annually;
     provided, however that Tenant shall deliver written notice of such renewal
     from the surety company to TAA no later than sixty (60) days before the
     stated expiration of the bond.

     As an alternative to the surety bond, Tenant shall have the option of
     furnishing an unconditional, irrevocable letter of credit drawn in favor of
     TAA upon a batik that is satisfactory to TAA and that is authorized to do
     business in Arizona. Such irrevocable letter of credit shall be in an
     amount equal to Seventy-Five Thousand Dollars ($75,000.00), shall be in a
     form that is satisfactory to TAA and shall remain in effect without
     interruption during the Term of this Lease (60). Tenant shall deliver to
     TAA written notice from the bank of its renewal no later than sixty (60)
     days before the stated expiration of the letter of credit.

3.5 ADDITIONAL CONSIDERATION

     As additional consideration for the rights and privileges herein granted to
     Tenant, Tenant shall, within ninety (90) days of the Effective Date:

     Submit to TAA audited financial statements for fiscal year 2002 for Tenant
     and Tenant's parent company, Renegade Ventures, Nev. Corp.

     B.   Take all action necessary to bring the Premises and all improvements
          thereon into compliance with all applicable building, electrical and
          fire codes, including without limitation.

<PAGE>

          (1)  undertaking any action necessary to cure certain code
               ii}fractions identified iii a February 14, 2003 inspection and
               any follow-up inspections of the Premises; and

          (2)  obtaining all necessary building and use permits required for the
               actual or intended uses of the Premises. Ii' the event Tenant is
               unable to obtain necessary permits, Tenant shall remove any
               improvements not in compliance with applicable code and restore
               the Premises to good condition and refrain from any use of the
               Premises not in compliance with applicable code.

               Any action taken hereunder with respect to modification of the
               improvements on the Premises shall be subject to the provisions
               of Article 4; and

     C.   Remove from the Premises all aircraft that cannot or will not be
          returned to registered, certificated and airworthy condition
          consistent with Title 14 of the Code of Federal Regulations within
          ninety (90) clays of the Effective Date.

                    ARTICLE 4 - CONSTRUCTION OF IMPROVEMENTS

4.1 TITLE T'O IMPROVEMENTS

     All existing permanent improvements on the Premises are the property of
     TAA. Any additional permanent improvements constructed on the Premises
     shall, upon installation, become tlie property of TAA subject to the lease
     between TAA and tlie City and subject to Tenant's rights pursuant to this
     Lease.

4.2 APPROVAL Oil' PLANS, CONTRACTOR

     Tenant shall not construct or substantially alter or modify any buildings,
     structures, or other improvements on the Premises without TAA's prior
     written approval of its plans and specifications, which approval shall not
     be unreasonably withheld; provided, however that TAA shall not consent to
     significant capital improvements. Items of normal repair and maintenance
     and minor, non-structural alterations and modifications need not be
     submitted to TAA for approval. TAA1s approval shall not constitute an
     opinion or warranty that the improvements comply with local building codes
     or any other applicable law and Tenant shall indemnify and defend TAA from
     all claims relating thereto.

     Tenant shall not use a contractor, for construction on the Premises, to
     which TAA has reasonable objections. Tenant shall, prior to commencing any
     construction on the Premises, submit to TAA the name of the contractor that
     it proposes using for the project. If TAA does not notify Tenant, in
     writing, within ten (10) days thereafter, that TAA objects to the
     contractor, TAA will be deemed to have approved the contractor selected by
     Tenant. If TAA does so notify the Tenant, the Tenant will select another
     contractor that is acceptable to TAA. Approval of a contractor by TAA does
     not constitute an dndoresement of that contractor.

<PAGE>

4.3 COMPLIANCE WITH APPLICABLE REGULATIONS AND APPROVED PLANS;
    STANDARDS OF CONSTRUCTION

     Tenant must comply with all guidelines, rules and regulations of TAA
     regarding construction of any improvements on the Premises and with all
     applicable laws, regulations, and ordinances, whether federal, state or
     local, including all applicable building, electrical, and fire codes.
     Tenant shall indemnify and hold harmless TAA from and against any cost,
     expense, loss, 01. liability incurred by it as a result of any violation by
     Tenant of any applicable law, ordinance, or regulation in the construction
     of improvements on the Premises. Any improvements built by Tenant on the
     Premises shall comply in all respects to the plans and specifications
     previously approved by TAA pursuant to Section 4.2 above, and shall be
     constructed in a good and workmanlike manner, free of material defects.

4.4 COMPLIANCE WITH FAR PART 77

     Tenant shall comply with the notification and review requirements covered
     in Part 77 of the Federal Aviation Regulations in connection with any
     improvements or modification or alteration of improvements on the Premises.

4.5 MECHANICS' LIENS; PAYMENT BOND

     Tenant shall promptly pay all entities supplying labor or materials in
     connection with any construction by Tenant on the Premises and shall obtain
     waivers of mechanics and materials liens from such contractors and
     suppliers as a condition of such payment Tenant farther agrees to indemnify
     and hold TAA harmless from the imposition of any mechanics', materialmen's
     or other similar liens imposed against the Premises or Tenant's interest
     therein as a result of any action or inaction by Tenant or Tenant's
     employees, agents, or contractors. In the event that a hen is recorded
     against the Premises as a result of the construction or improvement
     thereof, Tenant shall cause the lien to be removed pursuant to A.R.S.
     ss.33-1004 within fifteen (15) days of notice to either TAA or Tenant of
     the lien. If Tenant fails to timely remove the lien, TAA may, but shall not
     be obligated to, cause the removal of the lien. Tenant shall reimburse TAA
     for all costs and fees incurred by TAA and associated therewith including,
     without limitation, attorneys' fees and costs within five (5) days of
     receipt of notice from TAA of such costs and expenses.

     Tenant shall, in addition, prior to commencement of any construction,
     require the contractor to provide a labor and materials payment bond in the
     full contract amount to protect claimants supplying labor and materials in
     connection with the construction. The bond shall comply in all respects
     with the requirements of A.R.S. ss. 33-1003 as it may be amended or
     renumbered from time to time. The bend shall be issued by a surety company
     acceptable to TAA and duly licensed for such undertaking in the state of
     Arizona and shall be accompanied by a power of attorney disclosing the
     authority of the person executing it on behalf of the surety. The bond
     shall be recorded in the office of the Pima County Recorder as required
     under A.R.S. 33-1003, and a copy of the bond shall be provided to the
     President/CEO of TAA.

<PAGE>

                           ARTICLE 5 - USE OF PREMISES

5.1 PERMITTED USES; COVENANT TO OPERATE

     The Premises leased exclusively to Tenant hereunder may be used for:
     maintenance, repair, renovation, refurbishment, and upkeep of aircraft
     limited storage associated therewith; provided that such use(s) comply with
     all applicable FAA regulations, zoning restrictions, and all other
     applicable laws, rules and regulations, and for no other purpose, without
     TAA's written consent. No aircraft shall remain on the Premises in excess
     of ninety (90) days unless such aircraft is registered, certificated and in
     airworthy condition consistent with Title 14 of the Code of Federal
     Regulations.

     Tenant may purchase fuel for maintenance purposes from authorized
     providers on the Airport solely for fueling aircraft under Tenant's
     control.

     Tenant shall not at any time leave tile Premises vacant, but shall ii) good
     faith continuously throughout the Term actively conduct and carry on it
     business utilizing the entire Premises for the permitted use(s). Tenant
     acknowledges that its covenant to so operate the Premises is a material
     inducement to TAA's entry into this Lease on the terms and conditions
     provided herein.

5.2 INDEMNITY

     Tenant agrees to filly indemnity and save and hold harmless TAA and the
     City of Tucson from and against all claims, fines) damages, penalties,
     actions and all expenses, including reasonable attorneys' fees incidental
     to the investigation and defense thereof, related to or arising out of the
     use, occupancy) or maintenance of the Premises by Tenant, its agents,
     employees, subtenants or contractors. TAA shall give to Tenant prompt and
     reasonable notice of any such claims or actions against it covered by this
     indemnity and Tenant shall have the right to investigate, compromise and
     defend the same. Any counsel retained by Tenant to investigate, compromise
     or defend any claims, fines, damages, penalties or actions shall be
     acceptable to TAA in its sole and absolute discretion, and TAA expressly
     retains the right to join in any investigation, compromise and defense
     should it deem such action necessary or appropriate.

5.3 DANGEROUS CONDITIONS

     Tenant agrees to exercise reasonable care when using the Premises and all
     improvements thereon to discover and promptly remedy any conditions that
     may pose an unreasonable risk of harm to members of the general public or
     that may constitute a violation of law. If an unsafe, defective or
     dangerous condition, or violation of the law is discovered, Tenant warrants
     that no one other than Tenant and TAA employees, agents and representatives
     will be admitted to the Premises and no property belonging to any party
     other than Tenant and TAA will be transported to, collected at or stored
     upon the Premises until the unsafe, defective or dangerous condition, or
     violation of law is corrected.

5.4 AIRCRAFT ON PREMISES

     On or before the Commencement Date, And each month thereafter, Tenant shall
     provide TAA with a complete list of all tenants (or other occupants) and
     all aircraft based at the Premises during the previous month. For each

<PAGE>

     aircraft on the Premise, Tenant shall also provide to TAA the following:
     (i) registration number, (ii) model of aircraft; (iii) name and address of
     aircraft owner; (iv) date aircraft arrived at Premises; and (v) evidence of
     FAA certification. All information shall be submitted no later than the
     last day of each month and shall be in a form reasonably acceptable to TAA.

                              ARTICLE 6 - INSURANCE

6.1 INSURANCE REQUIRED OF TENANT

     At all times during the Term of this Lease (except as otherwise provided),
     Tenant shall obtain and maintain in full force and effect, with a company
     or companies authorized to transact the business of insurance in the State
     of Arizona, of sound and adequate financial responsibility, with a rating
     of at least A~-, VII, from A.M. Best Co., in Best's Rating Guide, selected
     by Tenant and reasonably acceptable to TAA, the following insurance (either
     as part of any other policy or policies carried by Tenant, or separately):

          A.   Builder's Risk Insurance

               During any construction on the Premises by Tenant (whether new
               construction or remodeling, renovation, restoration or repair),
               Tenant shall keep, or cause the contractor performing such
               construction to keep, the improvements being built, remodeled, or
               restored, insured under builder's risk insurance (or similar
               insurance) in the amount of the cost of construction of the
               improvements.

          B.   Liability Insurance

               A comprehensive insurance policy or policies providing for the
               protection of Tenant against:

               general liability, including all direct or contingent loss or
               liability for damages for bodily injury, personal injury, death
               or damage to property, including loss of use thereof, occurring
               on or in ally way related to the Premises or occasioned by reason
               of occupancy by and the operations of Tenant or any sublessee,
               guest or invitee upon, in and around tbe Premises, with limits of
               $3,000,000 per occurrence for personal ii4ury or death or damage
               to property, with coverage at least as broad as that provided by
               INSURNCE SERVICES OFFICE COMMERCIAL GENERAL LIABILITY COVERAGE
               form CG0001 (Occurrence Form), and such policy or policies shall
               cover all of Tenant's operations on the entire Premises,
               including but not limited to any elevators and escalators therein
               and any side-walks, streets or other public ways adjoining the
               Premises; and

               (2) automobile liability covering owned, non-owned, leased and
               hired vehicles with combined single limits of no less thatn
               $1,000,000 per occurrence.

<PAGE>

6.2 DEDUCTIBLE

     The deductible for any policy required hereunder shall not exceed $1,000.

6.3 MODIFCATION OF REQUIREMENTS

     TAA may adjust or increase liability insurance amounts and requirements as
     TAA deems reasonably necessary, or as may be required because of changes in
     the insurance requirements imposed by TAA's insurer or by applicable law.
     Tenant shall comply with such adjustments or increases within such
     reasonable time period as is requested by TAA.

6.4 CERTIFICATES

     Upon or prior to the commencement of the Term of this Lease and at least
     annually thereafter Tenant shall furnish to TAA certificates of insurance
     showing the amount arid type of the insurance then in effect that is
     required to be procured and maintained by it hereunder and stating the date
     and the of the policies. Tenant shall, upon request, supply TAA with
     certified copies of all applicable insurance policies, riders, endorsements
     and declaration pages. Certificates evidencing any renewal, replacement or
     extension of any or all of the insurance required hereunder, shall be
     delivered by Tenant to TAA not less than thirty (30) days prior to the
     expiration of any policy of insurance renewed, replaced or extended by the
     insurance represented by any such certificate. Each policy of insurance
     required hereunder shall provide for not less than thirty (30) days notice
     to TAA and Tenant before such policy may be canceled or materially
     modified.

6.5 ADDITIONAL INSURANCE

     The provisions of this Lease as to insurance required to be procured and
     maintained shall not limit or prohibit, or be construed as limiting or
     prohibiting, TAA or Tenant from obtaining any other or greater insurance
     with respect to the Premises or improvements thereon or the use and
     occupancy thereof that either or both of them may wish to carry, but in the
     event TAA or Tenant, as the case may be, shall procure or maintain any such
     insurance not required by this Lease, the cost thereof shall be at the
     expense of the party procuring or maintaining the same.

6.6 ADDITIONAL INSUREDS

     All insurance required by this Article shall be procured and maintained in
     the name of Tenant and shall add TAA and the City of Tucson as additional
     insureds as their interests appear. All policies required under this
     Article for property and builder's risk insurance shall provide for
     payments of the losses to Tenant and TAA as their respective interests may
     appear; provided that during the period of any construction, any builder's
     risk insurance carried pursuant hereto may provide for payment to the
     contractor, as its interest may appear.

6.7 USE OF PROCEEDS

     Proceeds of any liability and property damage insurance required under this
     Article shall be applied toward extinguishing, satisfying or remedying the
     liability, loss or damage with respect to which such proceeds may be paid.

<PAGE>

6.8 WAIVER OF SUBROGATION

     Each party hereto waives all claims for recovery from the other party for
     any loss damage to any of its property on the premises insured under valid
     and collectible insurance policies to the extent of recovery collected from
     such policies. The parties agree that all material insurance policies shall
     be endorsed with a clause which waives subrogation against the other party.

6.9 INSURANCE BY TAA

     A.   TAA may, upon written notice to Tenant, procure and maintain any or
          all of the insurance required of Tenant under this Article. In such
          event, all costs of such insurance procured and maintained by TAA on
          behalf of Tenant shall be the responsibility of Tenant and shall be
          fully reimbursed to TAA within ten (10) business days after TAA
          advises Tenant of the cost thereof

     B.   TAA may procure and maintain insurance against loss or damage to any
          improvements on the Premises to the full insurable value of the
          improvements as determined by a recognized appraiser or insurer
          selected by TAA. The insurance procured hereunder may be procured and
          maintained as part of or in conjunction with any other policy or
          policies carried by TAA. Tenant shall fully reimburse TAA for the cost
          of such insurance attributable to the Premises as provided in Section
          3.lB. Proceeds of insurance procured under this Section 6.9B shall be
          payable to TAA.

                              ARTICLE 7 - UTILITIES

7.1 TENANT'S RESPONSIBILITILIES

     Tenant shall, at no cost or expense to TAA, provide any public utility,
     water and sewage lines and connections that are needed in connection with
     any buildings, structures or other improvements placed on the Premises by
     Tenant and shall be responsible for the maintenance of such lines and
     connections. If requested in advance to do so by Tenant, TAA will grant
     reasonable rights-of-way on or across the Airport to suppliers of public
     utility services for the purpose of supplying Tenant with such services,
     but TAA reserves the right to designate the lands along which such
     rights-of-way shall be granted so as to cause the least inconvenience in
     the operation of the Airport and other Airport tenants. Tenant shall pay
     for all utility services supplied to the Premises.

7.2 TAA'S RIGHTS AND RESPONSIBILITIES

     Notwithstanding the execution of this Lease, TAA retains the right to the
     continued use of such utility lines and services as are presently on the
     Premises and the right to repair the same when necessary in TAA's sole
     discretion, including but not limited to any utility easements on the
     Premises. TAA shall conduct such repairs in such a manner and at such times
     as to not unreasonably interfere with Tenant's operations.

<PAGE>

                       ARTICLE 8 - REPAIR AND MAINTENANCE

8.1 REPAIR AND MAINTENANCE

     Tenant shall, at no expense to TAA, maintain and repair the Premises and
     all improvements located thereon (including any structural components
     thereof) and shall keep the same in a neat, clean, safe condition and in a
     manner that is compatible with all other nearby Airport properties, and in
     compliance with all applicable laws, rules, regulations and orders. The
     standards of upkeep, maintenance and repair of utility systems, buildings
     and the Premises shall in any event be not less than the standards followed
     by TAA for similar buildings and premises devoted to the same or similar
     use. Representatives of TAA shall have the right to conduct an annual
     inspection, accompanied by a representative of Tenant, for the purpose of
     verifying Tenant's compliance with its maintenance and repair obligations.
     TAA shall notify Tenant in writing of any deficiencies, and Tenant will
     promptly remedy the same. TAA shall be furnished with follow up inspections
     to verify that the additional work has been done. This shall not limit
     TAA's rights under Section 16.1.

8.2 CASUALTY AND RESTORATION

     TAA may, but shall not be required to, maintain insurance against loss or
     damage to the Premises as provided in Section 6.9B, but TAA shall have no
     obligation to repair the Premises in the event of casualty or damage
     thereto. In the event that any such casualty renders the Premises unsafe or
     untenantable, this Lease shall terminate immediately.

                                ARTICLE 9 - TAXES

9.1 TENANT'S RESPONSIBILITY

     Tenant shall pay before delinquency any and all taxes levied or assessed
     (i) against the Premises; (ii) against or by reason of personal property
     located in, on or about the Premises; (iii) because of Tenant's right to
     possession of the Premises and improvements thereon (iv) by any government
     body as the result of Tenant's operations; and (v) as the result of rentals
     payable under this Lease. All such taxes and assessments for partial years
     shall be apportioned and adjusted on a time basis.

9.2 PROTEST

     Tenant shall have the right at its own cost and expense to contest the
     amount or validity of any such tax or assessment and to bring or defend any
     actions involving the amount or validity of any such tax or assessment in
     its own name or, if necessary, in the name of TAA; provided that , if
     unsuccessful, Tenant shall pay and discharge any such tax or assessment so
     contested, together with any penalties, fines, interest, costs and
     expenses, including reasonable attorneys' fees, that may result from any
     such action by Tenant, and provided that, pending resolution of the
     protest, Tenant shall take any actions necessary (including conditional
     payment of the amount in dispute) to prevent the attachment or accrual of
     any tax lien or penalty.

                    ARTICALE 10 - RULES, REGULATIONS AND LAWS

10.1 COMPLIANCE WITH ALL APPLICABLE LAWS

     Tenant and all persons operating under tile rights granted hereby shall
     observe and obey all reasonable and lawful rules and regulations with

<PAGE>

     respect to the use of the Airport which have been or may in the future be
     adopted by TAA and shall further abide by all applicable laws, statues,
     ordinances, rules, orders, and regulations of all governing bodies which
     are now in effect or which may hereafter be put into effect, including
     without limitation payment of employee payroll taxes.

10.2 NON-DISCRIMINATION

     A. Non-Discrimination Covenants

          (1)  The Tenant for himself, his heirs, personal representatives,
               subtenants, successors in interest, and assigns, as a part of the
               consideration hereof, does hereby covenant and agree, as a
               covenant running with the land, that in the event improvements
               are constructed, maintained, or otherwise operated on the
               Premises for a purpose for which a Department of Transportation
               ("DOT") program or activity is extended or for another purpose
               involving the provision of similar services or benefits, Tenant
               shall maintain and operate such improvements and services in
               compliance with all other requirements imposed pursuant to Title
               49, Code of Federal Regulations, DOT, Subtitle A, Office of the
               Secretary, Part 21, Nondiscrimination in Federally- Assisted
               Program of the Department of Transportation- Effectuation of
               Title VI of the Civil Rights Act of 1964, and as said Regulations
               may be amended.

          (2)  The Tenant for himself, his personal representatives, successors
               in interest, and assigns, as a part of the consideration hereof
               does hereby covenant and agree, as a covenant running with the
               land that: (1) no person on the grounds of race, color, or
               national origin shall be excluded from participation in, denied
               the benefits of or be otherwise subjected to discrimination in
               the use of said improvements, (2) that in the construction of any
               improvements on, over, or under such land and the furnishing of
               services thereon, no person on the grounds of race, color, or
               national origin shall be excluded from participation in, denied
               the benefits of or otherwise be subject to discrimination, (3)
               that Tenant shall use the Premises in compliance with all other
               requirements imposed by or pursuant to Title 49, Code of Federal
               Regulations, Department of Transportation, Subtitle A, Office of
               the Secretary, Part 21, Non-discrimination in Federally-Assisted
               Programs of the Department of Transportation-Effectuation of
               Title VI of the Civil Rights Act of 1964, and as said Regulation
               may be amended.

          (3)  Tenant shall furnish its accommodations and/or services on a
               fair, equal and not unjustly discriminatory basis to all users
               thereof and it shall charge fair, reasonable and not unjustly
               discriminatory prices for each unit or service provided that
               Tenant may be allowed to make reasonable and nondiscriminatory
               discounts, rebates or other similar type of price reductions to
               volume purchasers.

<PAGE>

     B. Non-Compliance

          Non-compliance with a provision of this Section shall constitute a
          material breach hereof and in the event of such non-compliance TAA.
          shall have the right to terminate this Lease and the estate hereby
          created without liability therefore or at the election of TAA or the
          United States, either or both shall have the right to judicially
          enforce these provisions.

     C. Subleases

          Tenant agrees that it shall insert the provisions of this Section in
          any sublease or other agreement by which Tenant grants a right or
          privilege to any person, firm or entity to render accommodations
          and/or services to the public on the Premises subleased.

10.3 AFFIRMATIVE ACTION

     To the extent such regulations and laws are applicable to Tenant, Tenant
     assures that it will undertake an affirmative action program as required by
     14 CFR Part 152, Subpart E, to insure that no person shall on the grounds
     of race, creed, color, national origin, or sex be excluded from
     participating in any employment activities covered in 14 CFR Part 152,
     Subpart E. Tenant assures that it will require that its covered
     suborganizations provide assurances from their suborganizations, as
     required by 14 CFR Part 152, Subpart E, to the same effort.

10.4 FEDERAL AVIATION REGULATIONS; AIRPORT ACCESS

     Tenant and all persons operating under the rights granted hereunder shall
     comply with all applicable Federal laws and Federal Aviation Regulations
     with respect to aircraft operations and airport security at the Airport.
     Tenant shall at all times take all reasonable steps to control, police and
     regulate the use of the Premises and of the Airport premises to prevent
     unauthorized persons and the general public from obtaining access to the
     Airport. Such steps by Tenant shall include, but not be limited to, steps
     requested by TAA and those required under Federal regulations. Tenant must
     secure the Premises so that there is no inadvertent or purposeful
     unauthorized entry in or upon the Airport by people, vehicles, or animals.

10.5 FAR PART 139; SAFETY STANDARDS AND INSPECTIONS

     Tenant and all persons operating under the rights granted hereunder shall
     comply with Part 139 of the Federal Aviation Regulations with respect to
     airport operations and safety, and shall comply with the standards
     established by TAA pursuant to Part 139. Tenant shall at all times take
     reasonable steps for the safe handling of aviation fuel and such steps
     shall include, but not be limited to, steps requested by TAA and those
     required under Federal Regulations. Tenant shall take immediate Corrective
     action upon notice from TAA of noncompliance with Part 139 or with the
     standards established pursuant thereto. Tenant shall permit TAA to
     physically inspect the Premises for purposes of determining Tenant's
     compliance with FAR 139 and this Section.

<PAGE>

10.6 STATE AND FEDERAL AVIATION REGULATIONS

     Tenant will conduct its operations and activities on the Airport so as to
     conform to all applicable regulations of the United States Department of
     Transportation and the Aeronautics Division of the Arizona Department of
     Transportation.

10.7 EXCLUSIVE RIGHTS PROIIIBITED

     It is understood and agreed that nothing herein contained shall be
     construed to grant or authorize the granting of an exclusive right within
     the meaning of 49 U.S.C. ss. 40103(e).

10.8 ENVIRONMENTAL LAWS

     A. Definitions

          (1)  "Environmental Laws means any and all laws, rules, regulations,
               regulatory agency guidance's and policies, ordinances, applicable
               court decisions, and airport guidance documents, directives,
               policies (whether enacted by any local, state or federal
               governmental authority, or by TAA) now in effect or hereafter
               enacted that deal with the regulation or protection of the
               environment (including the ambient air, ground water, surface
               water, waste handling and disposal, and land use, including
               substrata land), or with the generation, storage, disposal or use
               of chemicals or substances that could be detrimental to human
               health, the workplace, the public welfare, or the environment.

          (2)  "Extremely Hazardous Substances" means any substance or material
               designated by the United States Environmental Protection Agency
               as an "extremely hazardous substance" under either Section
               302(a)(2) of the Superfund Amendments and Reauthorization Act
               ("SARA") (42 U.S.C. ss.I 1002(a)(2)) or any other Environmental
               Law.

          (3)  "Hazardous Material" means all substances, materials and wastes
               that are, or that become regulated under, or that are classified
               as hazardous or toxic or a "contaminant" or "pollutant" under any
               Environmental Law (including, but not limited to, Extremely
               Hazardous Substances and Toxic Chemicals).

          (4)  "Release" means any releasing, abandoning, spilling, leaking,
               pumping, pouring, emitting, emptying, discharging, injecting,
               escaping, leaching, disposing, or dumping.

          (5)  'Toxic Chemicals" means any substance or material subject to
               Section 313 of SARA (42 U.S.C. ss. 11023) or the Toxic Substances
               Control Act, 15 U.S.C. ss.2601 et seq., or any comparable
               Environmental Law.

     B. Compliance

          (1)  Compliance with Environmental Laws Generally. Tenant, at its own
               expense, shall ensure that Tenant and Tenant's agents, employees,
               contractors, invitees, sublessees, and any third party that comes
               in contact with the Premises comply with all present and

<PAGE>

               hereafter enacted Environmental Laws, arid any amendments its
               thereto, affecting operations on the Premises. In the event of a
               conflict between tins provision and the mandate set forth in
               Paragraph 10.1, above, the interpretation most favorable to TAA
               shall apply.

          (2)  Governmental Submittals. Tenant shall timely, at Tenant's own
               cost and expense, mlake all submissions to, provide all
               information to, and comply with all requirements of any
               governmental authority having jurisdiction (the "Government")
               under the Environmental Laws with respect to any activity or
               operation on the Premises during the term of this Lease,
               including, but not limited to, timely submittal of permit
               applications and renewals, notices, and approvals. Should the
               Government determine that an environmental investigation of any
               kind and/or a cleanup plan be prepared or that a cleanup should
               be undertaken because of any Release or threat of a Release of
               Hazardous Materials at the Premises which occurs or may have
               occurred during the term of this Lease, regardless of whether
               Tenant caused the Release by any act or omission, then Tenant
               shall promptly and timely, at Tenant's own cost and expense,
               prepare and submit the required plans and financial assurances,
               and carry out the approved plans in accordance with all
               requirements of the Government.

          (3)  Information Sharing. Tenant shall provide to TAA a copy of any
               and all information, reports, and applications submitted to the
               Government as described in Paragraph l0.8B(2), whether such
               submittal is routine with respect to any regulatory refinement or
               in response to a Release or threatened Release of any Hazardous
               Material, and whether the impetus for such submittal is generated
               by Tenant, or by an inquiry or action by the Government or
               another third party. At no cost or expense to TAA, Tenant shall
               promptly provide all information requested by TAA to determine
               the applicability of the Environmental Laws to the Premises, or
               to respond to any governmental investigation or to respond to any
               claim of liability by third parties which is related to
               environmental conditions on or adjacent to the Premises. Tenant
               shall immediately notify TAA of any correspondence or
               communication from any governmental authority regarding the
               application of Environmental Laws to the Premises or Tenant's
               operation on the Premises.

          (4)  Change in Use of Premises. Tenant shall immediately notify TAA of
               any change in tenant's operation on the Premises that will change
               or has the potential to change the nature or extent of Tenant's
               or TAA's obligations or liabilities under the Environmental Laws.

     C. Hazardous Materials

          (1)  No Violation. Tenant shall not cause or permit any Hazardous
               Material to be used, generated, manufactured, produced, stored,
               brought upon, or Released, on, under or about the Premises, or

<PAGE>

               transported to and from the Premises, by Tenant, its agents,
               employees, contractors, invitees, sublessees or any third party
               in violation of any Environmental Law, provided that, in no
               circumstances shall Tenant cause or permit any Extremely
               Hazardous Substance or Toxic Chemical to be used, generated,
               manufactured, produced, stored, brought upon, or Released, on,
               under or about the Premises, or transported to and from the
               Premises. Tenant shall promptly notify TAA of any action or
               condition that is contrary to any prohibition in the previous
               sentence.

          (2)  Cleanup. Without limiting the foregoing, if the presence of any
               Hazardous Material introduced in, on, under or about the Premises
               during the term of this Lease by any person results in any
               adverse impact whatsoever to the value, condition, operations, or
               activities of the Premises, including the environment on, under,
               or about the Premises, Tenant shall promptly take all actions at
               its sole cost and expense as are necessary to return the Premises
               to the condition existing prior to the introduction of any such
               Hazardous Material to the Premises; provided that TAA's approval
               of such actions shall first be obtained, which approval shall not
               be unreasonably withheld so long as such actions would not
               potentially have any material adverse effect on the Premises. In
               the event Tenant shall fail timely to commence or cause to be
               commenced or fail diligently to prosecute to completion such
               actions as are necessary to return the Premises to the conditions
               existing prior to the introduction of any Hazardous Material to
               the Premises, TAA may, but shall not be obligated to, cause such
               action to be performed, and all costs and expenses (including,
               without limitation, attorneys' fees) thereof or incurred by TAA
               in connection therewith shall be paid by Tenant promptly upon
               demand.

     9. Clean Water Act

          Non-Stormwater Discharges. Notwithstanding Paragraph 10.8(B)(1),
          Tenant shaI1 not cause or permit any direct discharge of
          non-stormwater flows under a National Pollutant Discharge Elimination
          System ("NPDES") permit unless specifically authorized in writing by
          TAA.

          (2)  Stormwater Discharges. Notwithstanding Paragraph 10. 8(B)( 1),
               any discharge of stormwater by Tenant or from Tenant's operations
               at the Premises shall comply with the NPDES Storm Water
               Multi-Sector General Permit ("MSGP") for industrial activities
               and with any multi-sector permit obtained by TAA. Tenant shall
               timely submit a Notice of Intent to TAA indicating that it is
               subject to the TAA permit. Tenant shall timely prepare a Storm
               Water Pollution Prevention Plan ("SWPPP") that conforms to TAA's
               SWPPP and that covers Tenant's operations or activities at the
               Premises. Tenant shall be solely responsible for all fees,

<PAGE>

               assessments, and other costs charged by any governmental
               authority in connection with the issuance of any permit or any
               inspection or related event in connection with the NPDES MSGP or
               with respect to the Premises.

          E. Indemnity

               Tenant shall indemnify, defend and hold harmless TAA, its
               successors and assigns, its employees, agents and attorneys from
               and against any and all liability, loss, damage, expense,
               penalties and costs (including legal and investigation fees or
               costs) arising from or related to any claim or action for injury,
               liability, breach of warranty or representation, or damage to
               persons or property and any and all claims or actions brought by
               any party or governmental authority of any kind, alleging or
               arising in connection with (i) contamination of or adverse
               effects on the environment (whether known, alleged, potential, or
               threatened), or (ii) alleged or potential violation of any
               Environmental Law or other statute, ordinance, rule, regulation,
               judgment or order of any government or judicial entity which are
               brought as a result (whether in part or in whole) of any activity
               or operation on or Release from the Premises (caused in whole or
               in part by any person or entity other than TAA) during the term
               of this Lease. This obligation includes but is not limited to all
               costs and expenses related to investigation and/or cleaning up
               the Premises and all land, soil and underground or surface water
               as required under the law. Tenant's obligations and liabilities
               under this paragraph shall continue so long as TAA bears any
               liability or responsibility under the Environmental Laws for any
               action that occurred on the Premises during the term of this
               Lease. This indemnification of TAA by Tenant includes, without
               limitation, costs incurred in connection with any investigation
               of site conditions or any cleanup, remedial, removal or
               restoration work required by any federal, state or local
               governmental agency or political subdivision because of Hazardous
               Material located on the Premises or present in the soil or ground
               water on, under or about the Premises. The parties agree that
               TAA's right to enforce Tenant1s promise to indemnify is not an
               adequate remedy at law for Tenant's violation of any provision of
               this paragraph; TAA shall have all the rights and remedies set
               forth in this Lease as well as all other rights and remedies
               provided by law.

          F. Subtenants

               Tenant shall insert the provisions of this section in any lease
               agreement or contract by which it grants a right or privilege to
               any person, firm or corporation under this Lease.

                          ARTICLE 11 - SUPERIOR RIGHTS

11.1 AGREEMENTS WITH UNITED STATES

     This Lease shall be subordinate to the provisions and requirements of any
     existing or future agreement between TAA and the United States, relative to
     the development, operation or maintenance of the Airport.

11.2 RIGHTS OF GOVERNMENT DURING WAR OR NATIONAL EMERGENCY

     This Lease and all the provisions hereof shall be subject to whatever right
     the United States Government now has or in the future may have or acquire,

<PAGE>

     affecting the control, operation, regulation and taking over of the Airport
     or the exclusive or non-exclusive use of the Airport by the United States
     during the time of war or national emergency.

     Tenant and TAA recognize that during the time of war or national emergency
     the City of Tucson, owner of the Airport, has the right to enter into
     agreements with the United States government for military or naval use of
     part or all of the Airport. If any such agreement is executed by the City
     of Tucson, the provisions of this Lease, insofar as they are inconsistent
     with the provisions of any agreement so made by the City of Tucson with the
     United States government, shall be subject to the terms of such agreement
     and Tenant shall have no claim against TAA or the City of Tucson for any
     loss or damage sustained by Tenant because of the making of such agreement
     by the City of Tucson. In such event, however, the amounts, if any, payable
     from the City of Tucson or the United States for improvements placed on the
     Premises by Tenant shall be paid to Tenant if this Lease is in effect at
     the time of such taking.

11.3 RIGHTS OF TAA

     TAA reserves the right to further develop or improve the landing area of
     the Airport as it sees fit, regardless of the desires or view of Tenant and
     without interference or hindrance from Tenant, its agents, employees,
     subtenants or other occupiers of the Premises.

     TAA reserves the right, but shall not be obligated to Tenant, to maintain
     and keep in repair the landing area of the Airport and all publicly-owned
     facilities of the Airport, together with the right to direct and control
     all activities of Tenant in this regard.

11.4 AGREEMENTS WITH CITY OF TUCSON

     This Lease is subject to the existing lease between TAA and the City of
     Tucson, and to the provisions of any existing or future agreement between
     the City of Tucson and TAA.

11.5 ABATEMENT OF OBLIGATION TO CONSTRUCT OR REBUILD

     Inasmuch as this Lease contains certain provisions concerning repairs,
     replacement and rebuilding of damaged or destroyed buildings, construction
     of buildings, quiet enjoyment and other related causes applicable to the
     parties to this Lease, and inasmuch as the Premises constitute a portion of
     a public Airport, it is agreed that the parties hereto shall not be
     required to repair, replace, rebuild or construct ally building or portion
     of any building so long as the obligated party is prevented from so doing
     by action of the United States government or any agency or department
     thereof

11.6 SUPERFUND CONSENT DECREE.

     The Premises are part of a site, as more particularly defined in the
     below-described Consent Decree (the 1'Site"), that is the subject of that
     certain Civil Action No. 99--3 13 TUC WDB, United States of America V.

<PAGE>

     Tucson Airport Authority, City of Tucson, United States Air Force, General
     Dynamics Corp., McDonnell Douglas Corporation, in the United States
     District Court for the District of Arizona, brought pursuant to Sections
     106 and 107 of the Comprehensive Environmental Response, Compensation, and
     Liability Act, 42 U.S.C. ss.ss.9606 and 9607. The United States
     Environmental Protection Agency ("EPA") has selected certain remedial
     actions to be carried out on the Site (including the Premises) pursuant to
     that certain "Record of Decision, Tucson International Superfund Site,
     Tucson, Arizona, Airport Property - Soils and Shallow Groundwater Zone,
     Burr-Brown Property - Soils, Former West-Capt Property - Soils" signed on
     September 30, 1997 (the "ROD"). The City, TAA and certain other parties
     (collectively, the "Settling Defendants") and EPA have entered into that
     certain Consent Decree, which was entered by the United States District
     Court in the above-described action on February 17, 2000 (the "Consent
     Decree"), which grants EPA certain access, enforcement, and other rights
     with respect to the Site, and imposes on Settling Defendants certain
     obligations regarding implementation of the remedial action selected in the
     ROD. This Sublease is subject to the Consent Decree and the rights and
     obligations of the parties thereto, including the obligation of Settling
     Defendants to undertake the remedial actions described therein with respect
     to the Site, and the right of the EPA to access the Site to inspect and
     enforce compliance with the Consent Decree.

                 ARTICLE 12 - RESERVATION OF AVIGATION EASEMENT

12.1 EASEMENT

     There is hereby reserved to TAA for the ~se and benefit of aircraft using
     the Airport a right of flight for the passage of aircraft in the airspace
     above the uppermost surface of the Premises, together with the right to
     cause such noise as may be inherent in the operation of any aircraft now
     known or hereafter used for navigation of or flight in said airspace, or
     landing at, or taking off from, or operating on the Airport.

12.2 STRUCTURES; ELEVATION LIMIT

     Tenant, by accepting this Lease, expressly agrees for itself, its
     successors and assigns that it will not erect nor permit the erection of
     any structure or object, nor permit the growth tree on the Premises that
     exceeds the mean sea level elevations contained in 14 CFR Part 77 or
     amendments thereto, or interferes with the runway and/or taxiway "line of
     sight" of the control tower. In the event the ~~foresaid covenants are
     breached, TAA reserves the right to enter upon the Premises and to remove
     the offending structure or object and cut the offending tree, all of which
     shall be at the expense of Tenant.

12.3 USE OF PREMISES

     Tenant, by accepting this Lease agrees for itself, its successors and
     assigns that it will not make use of the Premises in any manner which might
     interfere with the landing and taking off of aircraft from the Airport or
     otherwise constitute a hazard. In the event the aforesaid covenant is
     breached, TAA reserves the right to enter upon the Premises and cause the
     abatement of such interference at the expense of Tenant.

<PAGE>

                      ARTICLE 13 - ASSIGNMENT AND SUBLEASE

13.1 ASSIGNMENT PROHIBITED

     Tenant shall not, directly or indirectly, voluntarily or by operation of
     law, sell, assign, encumber, pledge or otherwise transfer or hypothecate
     all or any part of the Premises or Tenant's leasehold estate hereunder
     (collectively "Assignment"), or permit the Premises to be occupied by
     anyone other than Tenant or sublet the premises or any portion thereof
     ("Sublease").

13.2 CHANGES IN OWNERSHIP

     Any sale or other transfer, including transfer by consolidation, merger or
     reorganization, of twenty-five percent (25%) or more of the voting stock or
     membership interests of Tenant in a single or related transactions, if
     Tenant is a corporation or limited liability company, or any sale or other
     transfer of twenty-five percent (25%) or more of the partnership interest
     in Tenant, if Tenant is a partnership, shall be deemed to be an Assignment
     for purposes of this Section. As used in this subsection, the term "Tenant"
     shall also mean any entity that has guaranteed Tenant's obligation under
     this Lease, and the prohibition hereof shall be applicable to any sales or
     transfers of stock or partnership interests of said guarantor.

                            ARTICLE 14 - COMMISSIONS

14.1 REAL ESTATE BROKER COMMISSION

     Tenant warrants that they have not dealt with any brokers, real estate
     agents or licensees or finders with respect to this transaction and the
     Premises and that there are no real estate commissions owing, except as
     specifically disclosed by Tenant and otherwise provided for herein. If
     Tenant has dealt with any person or real estate broker with respect TO
     LEASING OR RENTING THE Premises, Tenant shall be solely responsible for the
     payment of any sum due such person or firm and Tenant shall indemnify and
     hold TAA harmless from any liability in respect thereto, including
     attorney's fees and costs incurred by TAA.

                      ARTICLE 15 - SURRENDER OF POSSESSION,
                              CONDITION OF PREMISES

15.1 SURRENDER

     Upon the expiration or earlier termination of this Lease or any extensions
     thereof, all rights herein granted to Tenant shall cease and terminate and
     Te1iant shall forthwith surrender the Premises to TAA.

15.2 GOOD CONDITION

     The Premises shall be returned to TAA in as good condition as at the time
     of occupancy by Tenant, together with any improvements made by Tenant,
     except as otherwise provided in this Lease and except for ordinary wear and
     tear. Tenant shall remove any and all personal property, including portable

<PAGE>

     buildings, signs, trade fixtures, machinery and equipment from the Premises
     and Tenant shall repair any damage caused by such removal. Any personal
     property remaining in the Premises after expiration or termination may be
     removed, sold or destroyed by TAA at Tenant's expense.

                           ARTICLE 16 - MISCELLANEOUS

16.1 ENTRY UPON PREMISES; REVIEW OF RECORDS

     TAA may enter upon the Premises subleased exclusively to Tenant hereunder
     at any reasonable time, for any purpose necessary, incidental to or
     connected with the exercise of its governmental functions, or to inspect
     the Premises for compliance with all applicable laws, rules, regulations
     and covenants hereunder or to prevent waste, loss or destruction. TAA shall
     have the right to review such records and documentation as shall
     demonstrate compliance with the terms of this lease, including without
     limitation, maintenance logs and records for aircraft on the premises
     evidencing that the aircraft is registered, certificated and in airworthy
     condition.

16.2 SUCCESSORS AND ASSIGNS BOUND

     All the terms, covenants and conditions of this Lease shall extend to and
     bind the successors and assigns of the respective parties hereto.

16.3 ARTICLE HEADINGS

     The article headings contained herein are for convenience and reference and
     are not intended to define or limit the scope of any provisions of this
     Lease.

16.4 SEVERABILTY

     If any term or condition of this Lease shall be deemed to be invalid or
     unenforeceable, all other terms and condition shall remain in full force
     and effect.

16.5 APPLICABLE LAW

     The terms and condition of this Lease shall be interpreted in accordance
     with the laws of the State of Arizona.

16.6 INDEPENDENT COUNSEL; CONSTRUCTION OF LEASE

     TAA and Tenant each acknowledge that they have been represented by
     independent counsel in connection with the preparation and review of this
     Lease and that the fact that this Lease was prepared by TAA's counsel as a
     matter of convenience shall have no import or significance. Any rule of
     construction to the effect that ambiguities are to be resolved against the
     drafting party shall not apply in the interpretation of this Lease. No
     remedy or election given by any provisions of this Lease shall be deemed
     exclusive unless so indicated, but each shall, whenever possible, be
     cumulative with all other remedies in law or equity. Each provision hereof
     shall be deemed both a covenant and a condition and shall run with the land
     for the duration of the Term or any extensions thereof Whenever the content

<PAGE>

     of any provision shall require it, the singular number shall be held to
     include the plural number and vice versa. The form of this Lease
     contemplates that Tenant will be an entity and not one or more natural
     persons. If Tenant is one or more natural persons, then all pronouns
     referring to Tenant shall be deemed to be appropriately changed to fit
     those circumstances.

16.7 COSTS AND ATTORNEYS' FEES

     A. TAA'S Review

          Tenant shall pay the expenses (including reasonable attorneys' fees
          and the fees of other consultants) incurred by TAA in drafting,
          negotiating and reviewing any of the documents (including, but not
          limited to, subleases, and plans and specifications of any
          improvements to be constructed by Tenant) for which TAA's approval is
          required by the terms hereof.

     B. Enforcement of Rights

          The non-prevailing party shall promptly pay to the prevailing party,
          upon demand, all costs and other expenses paid or incurred by the
          prevailing party (including, without limitation, reasonable attorney's
          fees) in enforcing or exercising its rights or remedies created by,
          connected with or provided for in this Lease, whether or not any
          action or proceeding is brought (including, without limitation, all
          such costs, expenses and fees incurred in connection with any
          bankruptcy, receivership, or other court proceedings [whether at the
          trial or the appellate level)).

16.8 NOTICES; TENANT CONTACT

          Except as provided below with respect to emergencies, notice to either
          party shall be sufficiently served if it is in writing and is
          physically delivered; sent by certified mail, postage prepaid,; or
          sent by facsimile transmission, to such party at the address set forth
          on the first page of this Lease, or to such other location as shall be
          provided by such party in writing from time to time.

          Service of any notice or demand by physical delivery shall be deemed
          complete upon the date of delivery. Service of any notice or demand by
          certified mail shall be deemed complete at the expiration of three (3)
          days after the date of the certified mailing if mailed within the
          continental United States. Service by facsimile transmission shall be
          deemed complete upon the date of transmission if an automatically
          generated confirmation slip shows the transmission to have been
          initiated prior to 4 p.rn., Tucson time, and otherwise on the
          following day.

          Tenant shall also provide to of a representative of Tenant the event
          of an emergency, Tenant.

16.9 SURVIVAL

     TAA, in writing, the name, address and telephone number(s) who TAA can
     contact, 24 hours per day, 7 days a week, in which individual shall be
     authorized to act on behalf of

<PAGE>

16.10 TIME IS OF THE ESSENCE

     Indemnities of either party set forth herein shall survive termination of
     this Lease. Time is of the essence in the performance of this Lease.

16.11 ADDITIONAL DOCUMENTS

     Each party agrees to perform any further acts arid to execute and deliver
     any farther documents which may be reasonably necessary to carry out the
     tem~ of this Lease.

16.12 NON-WAIVER

     No waiver of any condition expressed in this Lease shall be implied by any
     neglect of TAA to enforce any remedy on account of the violation of such
     condition if such violation be continued or repeated subsequently, and no
     express waiver shall affect any condition other than the one specified in
     such waiver and that one only for the time and in the manner specifically
     stated. No receipt of monies by TAA from Tenant after the termination in
     any way of this Lease or Tenant's rights hereunder or after the giving of
     any notice shall reinstate, continue or extend the Term or affect any
     notice given to Tenant prior to receipt of such monies, it being agreed
     that after the service of notice or the commencement of a suit or after
     final judgment for possession of the Premises, TAA may receive and collect
     any rent or other sums due, and such payment shall not waive or affect said
     notice, suit or judgment.

16.13 AUTHORITY TO EXECUTE

     Each party represents and warrants to the other that it has the right and
     authority to enter into this Lease

16.14 EFFECTIVE DATE

     This Lease shall be effective as of the date upon which both parties have
     executed below ("Effective Date").

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

                              TUCSON AIRPORT AUTHORITY, INC., an
                              Arizona nonprofit corporation

                              HAMILTON AEROSPACE TECHNOLOGIES, INC., a Delaware
                              corporation d.b.a. Renegade Ventures, Inc.
                              Name:
                                    --------------------------------------------Exhibit 10.2

                                    RESTATED
                              EMPLOYMENT AGREEMENT

     THIS RESTATED AGREEMENT (this "Agreement"), is entered into as of August
28, 2003 to be effective as of July 21, 2003 by and between RENEGADE VENTURE
(NE\J.) CORPORATION, a Nevada corporation (the "Conq)any"), and IAN HERMAN
("Executive").

                                    RECITALS

     A. The Company and Executive entered into an Employment Agreement dated
July 21, 2003 (the "Original Agreement"), whereby the Company employed Executive
on the terms and conditions set forth therein.

     B. Agreement employment

     The Company and Executive have renegotiated certain terms of the Original
The Company and Executive desire restated their agreement regarding the of
Executive as set forth herein.

     C. The terms of this Agreement are intended to restate the terms of the
Original Agreement in its entirety.

                                    AGREEMENT

     Now, THEREFORE, in consideration of the mutual promises herein contained
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto agree as follows:

     1. Employment. The Company hereby agrees to employ Executive as President
and Chief Operating Officer of the Company to perform the duties described
herein, and Executive hereby accepts such employment on the terms and conditions
stated herein.

     2. Term. Subject to provisions for termination set forth herein, the term
of Executive's employment hereunder shall be a rolling three-year term. The term
shall commence on the date hereof and shall continue for a period of three (3)
years, and shall be automatically extended for successive periods of one (1)
year upon each anniversary hereof unless at least 60 days prior to any
applicable automatic renewal date either the Company or Executive provides
written notice that it does not intend to renew this Agreement.

     3. Duties of Executive. Executive shall be the President and Chief
Operating Officer of the Company and shall perform such duties and
responsibilities for the Company as may be assigned to him by the board of
directors of the Company and which are not unreasonably inconsistent with the
duties of President and Chief Operating Officer, as described from time to time
in the Company's bylaws.

<PAGE>

     4. Base Salary. Throughout the term of Executive's employment hereunder,
the Company shall pay Executive, for services to be rendered by him hereunder, a
base salary to be determined, from time to time, by the Board of Directors of
the Company. Except as provided below, the base salary shall not exceed an
annual rate of $150,000, less all applicable federal and state income tax
withholding, FICA taxes and other payroll taxes ("Base Salary"). In the event
the Company's annual net profits equals at least $1,000,000, the Base Salary
shall be increased to not to exceed $200,000 for such annual period. In the
event the Company's annual net profits is greater than $1,000,000, the Base
Salary shall increase up to $250,000, with such increase not to exceed 5% of all
net profits in excess of $1,000,000. For all purposes hereof, the Company's
annual net profits shall mean net profits before income taxes and before any
increase in Base Salary resulting from the Agreement or any other incentive
compensation paid to other executive or employees. The Base Salary shall be
reviewed by the Board of Directors of the Company on a yearly basis to ascertain
if any upward adjustment in the annual rate is in order, and if any increase is
made, the new annual rate shall become the Base Salary under this Section 4. The
Base Salary shall not be decreased through out the term of this Agreement.

     5. Bonus. Executive shall be eligible for an annual discretionary bonus as
may determined by the Company's board of directors.

     6. Incentive Compensation.

        (a) In addition to the Base Salary, the Company shall issue to
Executive, on the date hereof for prior services rendered, 500,000 shares of the
Company's common stock ("Award Shares"). The Award Shares are fully vested and
non-forfeitable.

        (b) In addition to the Base Salary and the Award Shares, the Company
shall issue to Executive, on the date hereof, 2,000,000 shares of the Company's
common stock ("i?~centive Shares"), subject to the limitations and restrictions
contained in this Section 6. Executive hereby agrees to subject, and does hereby
subject, the Incentive Shares to the provisions set forth in this Section 6, and
agrees that all of the Incentive Shares shall initially be Restricted Shares (as
hereinafter defined). The Incentive Shares as of any date, less any of the same
which, as of such date shall have become unrestricted with respect to Executive
as provided in this Section 6, are hereinafter referred to as of such date as
"Restricted Shares," and any Incentive Shares which, as of any date, shall have
become unrestricted with respect to Executive as provided in this Section 6, are
hereinafter collectively referred to as of such date as "Unrestricted Shares."

        (c) Executive shall not sell, assign, transfer, pledge, convey or
otherwise dispose of any Restricted Shares, or subject the same to any lien,
encumbrance, mortgage or other security interest of any kind whatsoever, prior
to the date on which such Restricted Shares become Unrestricted Shares as
provided in this Section 6. Upon any Restricted Shares becoming Unrestricted
Shares, such shares shall be fully vested and non-forfeitable, regardless of the
Company's performance thereafter.

        (d) The Restricted Shares shall be subject to repurchase by the Company
at a price equal to $0.08 per share at any time and from time to time in the
event Executive's employment by the Company is terminated for Cause as provided
in Section 13(c) below.

<PAGE>

        (e) The restrictions on transferability of, and the Company's right to
repurchase, the Restricted Shares (collectively, the "Restrictions") shall lapse
and the Restricted Shares shall convert to Unrestricted Shares based on
performance of Executive as measured by profitability of the Company. During the
term of this Agreement, one share of the Restricted Shares shall convert to
Unrestricted Shares for every $2.00 of net profits before taxes earned by the
Company. The net profits shall be determined on a quarterly basis based upon the
Company's financial statements as filed with the Securities and Exchange
Commission on its quarterly and annual reports. The first quarter for
determination of cumulative net profits under this Section 6(e) shall be the
three months ended September 30, 2003 For the purpose of this Section 6(e), net
profits shall be calculated on a cumulative basis only. Upon obtaining profits
and conversion of Restricted Shares into Unrestricted Shares, additional
Restricted Shares shall convert to Unrestricted Shares only if additional
cumulative net profits are in excess of prior cumulative net profits. Any
Incentive Shares that have become Unrestricted Shares based upon cumulative
profits shall remain as Unrestricted Shares regardless of any future losses
occurring thereafter that would result in a decrease in cumulative net profits.

        (f) In the event of a Change in Control (as hereinafter defined), the
Restrictions shall lapse and the Restricted Shares shall immediately become
Unrestricted Shares. For purposes of the foregoing, a "Change in Control" means
any of the following events:

               (i)  any person or entity acquires, purchases or otherwise
                    becomes a beneficial owner, directly or indirectly, of more
                    than 50% of the (A) outstanding shares of common stock of
                    the Company, or (B) combined voting power of the Company's
                    then outstanding securities;

               (ii) the sale or other disposition of all or substantially all of
                    the Company's assets in a single transaction or series of
                    related transactions (or any other transaction having a
                    similar effect);

              (iii) the Company is party to a merger, consolidation or other
                    business combination that results in the holders of voting
                    securities of the Company immediately prior thereto failing
                    to continue to represent (whether by remaining outstanding
                    or by conversion into voting securities of the surviving
                    entity) at least 50% of the combined voting power of the
                    voting securities of the Company or the surviving entity
                    immediately after such merger or consolidation; or

               (iv) the dissolution or liquidation of the Company.

        (g) Subject to the provisions of this Section 6, Executive will have all
rights of a shareholder with respect to all Incentive Shares held by him,
including, without limitation, the right to vote such Incentive Shares and the
right' to receive any dividends paid thereon.

        (h) Executive understands that the Award Shares and the Incentive shares
granted hereby are restricted securities within the meaning of Rule 144,
promulgated under the Securities Act of 1933, as amended (the "Securities Act"),
and that any future sales of such Award Shares and Incentive Shares will be
regulated by the Securities Act. Specifically, Executive understands that
because the Award Shares and the Incentive Shares have not been registered under
the Securities Act, Executive will continue to bear the economic risk of the

<PAGE>

investment for an indefinite period of time and cannot sell such Award Shares
and Incentive Shares unless they are subsequently registered under the
Securities Act or an exemption from such registration is available. Executive
represents that the Award Shares and the Incentive Shares granted hereby are
being acquired for Executive's own account for investment and not with a view
to, or for resale in connection with, any distribution of such Award Shares and
Incentive Shares.

        (i) Executive agrees to the placing of appropriate legends reflecting
the foregoing restrictions on the certificates representing such Award Shares
and Incentive Shares, and further understands that the transfer of any of the
Award Shares or any of the Incentive Shares will be permitted only if the
request for transfer is accompanied by evidence satisfactory to the Company that
such transfer will not result in a violation of any applicable federal or state
law, rule or regulation.

     7. Working Facilities and Fringe Benefits.

          (a)  Executive shall be furnished with office space, secretarial
               assistance and such other facilities and services as are
               appropriate to his position and adequate for the performance of
               his duties.

          (b)  Executive shall be entitled to all fringe benefits and
               perquisites made available to the officers and key employees of
               the Company, as determined by the Company from time to time in
               its sole discretion. Without limiting the generality of the
               foregoing, Executive shall be entitled to:

          (i)  three (3) weeks of paid vacation per year;

          (ii) participation in the Company's medical, dental, vision,
               disability, life insurance, pension, retirement and all other
               benefit plans made available to other employees of the Company;
               and

          (iii) participation in any stock option plan, stock purchase plan or
               any similar incentive plan based all or in part on the Company's
               equity securities.

The Company shall not discriminate against Executive with respect to any
vacation or holiday plan, medical, hospital, life and disability insurance
programs, retirement and 401(k) programs and other similar welfare benefit and
remuneration programs from time to time made available to the officers and key
employees of the Company.

     8. Key Man Life Insurance. Executive agrees to submit to physical
examinations and to take all other reasonable actions necessary to enable the
Company to obtain key man life insurance policies for a minimum of $1,000,000 on
his life. Executive acknowledges and agrees that the Company shall be designated
as the beneficiary of all such policies and that Executive's heirs, estate and
other beneficiaries shall have no rights in or to such policies or the proceeds
thereof.

<PAGE>

     9. Expenses. The Company shall pay or reimburse Executive for all
reasonable expenses actually incurred or paid by him in the performance of
services rendered by him pursuant to this Agreement. Executive shall provide the
Company with the information and evidence required by taxing authorities to
substantiate such expenses as income tax deductions. The Company shall also pay
or reimburse Executive for all relocation and moving expenses if the Executive
is required by the Company to relocate the Executive's residence.

     10. Other Activities During Employment.

     (a) During the term of his employment, Executive shall devote substantially
all of his business time, attention and energy, and his best efforts to the
interests and business of the Company and to the performance of his duties and
responsibilities on behalf of the Company.

     (b) During the term of Executive's employment by the Company except on
behalf of the Company, Executive will not directly or indirectly, whether as an
officer, director, stockholder, partner, proprietor, associate, representative,
consultant or in any capacity whatsoever engage in become financially interested
in, be employed by or have any business connection with any other person,
corporation, firm, partnership or other entity whatsoever which are known by
Executive to directly compete with the Company, throughout the United States of
America, in any line of business engaged in (or planned to be engaged in) by the
Company on the date hereof; provided, however, that anything above to the
contrary notwithstanding, Executive may own, as a passive investor, securities
of any publicly traded competitor corporation, so long as Executive's direct and
indirect holdings in any one such corporation shall in the aggregate constitute
less than 5% of the voting stock of such corporation.

     11. Nondisclosure of Confidential Information. Executive agrees that,
except in connection with his employment by the Company, he will not during or
after the term of his employment hereunder in any way utilize any Confidential
Information (as hereinafter defined) of the Company and he will not copy,
reproduce, or take with him the original or any copies of such confidential
information and will not disclose any such confidential information to anyone.
"Confidential Information" means any and all information which (a) relates to
the Company's past, present and future research, development, business plans and
activities, products, services, clients, employees, financial information and
technical knowledge, and (b) should reasonably have been understood by Executive
because of legends or other markings, the circumstances of disclosure, or the
nature of the information itself, to be confidential or proprietary to the
Company.

     12. Post-Employment Activities.

     (a) Executive agrees that for a period of two (2) years following the
termination of his employment under this Agreement either: (i) by the Company
with Cause; or (ii) by Executive (other than pursuant to Section 13(e) below),
Executive will not directly or indirectly engage in (whether as an employee,
consultant, proprietor, shareholder, partner, director, or otherwise), or have
any ownership interest in, or participate in the financing, operation,
management or control of any person, firm, corporation or business that engages
in the commercial aircraft maintenance business anywhere within the state of
Arizona, absent the Company's prior written approval upon instructions of its
Board of Directors provide~ however, that anything above to the contrary
notwithstanding, Executive may own, as a passive investor, securities of any

<PAGE>

publicly traded competitor corporation, so long as Executive's direct and
indirect holdings in any one such corporation shall in the aggregate constitute
less than 5% of the voting stock of such corporation.

     (b) Executive agrees that for a period of two (2) years following the
termination of his employment under this Agreement either: (i) by the Company
with Cause; or (ii) by Executive (other than pursuant to Section 13(e) below),
Executive shall not, either for himself or on behalf of any other person or
entity, entice, induce or encourage any employee, consultant or contractor of
the Company or any of its affiliates to terminate his or her employment, or to
terminate his, her or its services with the Company or its affiliates, or to
accept employment with another person or entity.

     (c) Executive agrees and acknowledges that the time limitation on the
restriction in this Section 12, combined with the geographic scope, is
reasonable. Executive also acknowledges and agrees that this Section 12 is
reasonably necessary for the protection of the Company's confidential
information, and that through his employment with the Company, executive shall
receive adequate consideration for any loss of opportunity associated with the
provision herein, and these provisions provide a reasonable way of protecting
the Company's business value which will be imparted to Executive. If any
restriction set forth in this Section 12 is found by any court of competent
jurisdiction to be unenforceable because it extends for too long a period of
time, or over too great a range of activities, or in too broad a geographic
area, it shall be interpreted to extend only over the maximum period of time,
range of activities or geographic area as to which it may be enforceable.

     (d) Executive acknowledges and agrees that his breach of any of the
provisions of Sections 10, 11 and 12 of this Agreement would result in great,
irreparable and continuing harm and damage to the Company for which there would
be no adequate remedy at law. Accordingly, Employee agrees that, in the event of
such a breach, the Company shall be entitled, in its sole discretion, to seek
from any court of competent jurisdiction, preliminary and permanent injunctive
relief to enforce those sections of this Agreement, in addition to any and all
other remedies that may be available to it at law or equity.

     13. Termination.

     (a) The Company may terminate the Executive's employment if, in the
reasonable judgment of the board of directors of the Company, Executive becomes
unable to satisfactorily perform his duties and responsibilities for a period of
180 days hereunder during the term of his employment because of mental or
physical disability. Upon such termination, Executive shall be relieved of all
further obligations hereunder except obligations pursuant to Sections 11 and 12
of this Agreement. In the event of such termination, the Company shall pay to
Executive the Lump Sum Payment (as defined in paragraph (g) below); provided~
however, that the Lump Sum Payment shall be reduced by any amounts payable to
Executive during the term of his employment hereunder pursuant to any disability
benefit or wage continuation plan of the Company. Following payment of the Lump
sum Payment, Executive shall not be entitled to any further salary, bonus or
other compensation of any kind from the Company.

     (b) In the event of the death of Executive during the term of this
Agreement, the Company shall pay to Executive's beneficiaries or estate the Lump
Sum Payment. The Lump Sump Payment to be made under this paragraph (b) shall not
be reduced by reason of any insurance proceeds payable directly to Executive's
beneficiaries or estate pursuant to insurance carried or provided by the
Company, and shall be made to such beneficiaries as Executive may designate for

<PAGE>

that purpose in a written notice given to the secretary of the Company prior to
his death, or if Executive has not so designated, then to the personal
representative of his estate. Following payment of the Lump Sum Payment,
Executive's beneficiaries or estate shall not be entitled to any further salary,
bonus or other compensation of any kind from the Company.

     (c) The Company may terminate Executive's employment at any time for Cause,
where "Cause" means: (i) conviction of, or plea of nolo contendere to, any
felony or (ii) theft, embezzlement or any other misappropriation of any funds or
other assets of the Company. In the event the Company terminates this Agreement
for Cause, Executive shall be entitled to receive only his Base Salary earned
but unpaid through the date of termination and any Unrestricted Shares held by
Executive. Executive shall not be entitled to any further salary, bonus or other
compensation of any kind from the Company.

     (d) The Company may terminate Executive's employment other than pursuant to
paragraphs (a), (b) or (c) above upon 30 days written notice. In the event the
Company elects to not renew this Agreement by giving notice as provided under
Section 2 above, at the election of Executive, this Agreement shall be deemed
terminated under this paragraph (d) for all purposes hereof, including
specifically paragraph (g) below.

     (e) Executive may terminate his employment as a result of a material breach
of this Agreement by the Company only if Executive provides the Company with 60
days' written notice specifically identifying such breach and such breach is not
cured within such 60-day period. In the event Executive's employment is
terminated pursuant to this paragraph (e), Executive shall be entitled to
receive the Lump Sum Payment. If Executive terminates his employment for any
reason other than a material breach of this Agreement by the Company, Executive
shall be entitled to receive only his Base Salary earned but unpaid through the
date of termination, and Executive shall not be entitled to any further salary,
bonus or other compensation of any kind from the Company.

     (f) Following termination of Executive's employment pursuant to paragraphs
(a) or (c), Executive's obligations under Sections 11 and 12 of this Agreement
shall remain in full force and effect. In the event of termination as a result
Executive's death, such obligations shall not be construed to limit his
surviving spouse, beneficiaries or estate.

     (g) In the event of termination pursuant to paragraphs (a), (b), (d) or (e)
of this Section 13: (i) the Company shall pay to Executive, in a lump sum and
within 60 days of such termination, an amount equal to the greater of (A) the
amounts due under the remaining term of this Agreement, or (B) the sum of: (I)
Executive's annual Base Salary; and (II) the bonus paid to Executive by the
Company for the last full fiscal year during the term of this Agreement, or the
initial annual bonus which would have been payable for the fiscal year in which
this Agreement commenced, as the case may be (the "Lump Sum Payment") and (ii)
all remaining Restricted Shares shall convert to Unrestricted Shares.

     14. Assignment. This Agreement is binding upon and shall be for the benefit
of the successors and assigns of the Company, including any corporation or any
other form of business organization with which the Company may merge or
consolidate, or to which it may transfer substantially all of its assets.
Executive shall not assign his interest in this Agreement or any part thereof.

<PAGE>

         15. Consent of the Company. Any act, request, approval, consent or
opinion of the Company under this Agreement must be in writing and may be
authorized, given or expressed only by resolution of the board of directors of
the Company, or by such other person as the board of directors of the Company
may designate.

     16. Notices. Any notice required hereunder to be given shall be in writing
and if:

        (a) by the Company to Executive shall be directed to him at his address
     set forth below, or to such other address as he shall have furnished in
     writing to the Company; or

        (b) by Executive to the Company shall be directed to Renegade Venture
     Corporation, 6901 South Park Avenue, Tucson, Arizona 85706, Attn:
     Secretary, or to such designee or other address as the board of directors
     shall name and have furnished in writing to Executive.

     17. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Arizona applicable to contracts made
and to be performed therein.

     18. Waiver. If either party should waive any breach of any provisions of
this Agreement, he or it shall not thereby be deemed to have waived any
preceding or succeeding breach of the same or any other provision of this
Agreement.

     19. Complete Agreement; Amendments. The foregoing is the entire agreement
of the parties with respect to the subject matter hereof and thereof and may not
be amended, supplemented, canceled or discharged except by written instrument
executed by both parties hereto.

     20. Non-Exclusivity of Rights. Nothing in this Agreement shall limit or
otherwise affect such rights as Executive or the Company may have under any
other agreements or arrangement between Executive and the Company or any of its
affiliates.

     21. Enforcement Expenses and Arbitration. To ensure rapid, economical
resolution of any and all disputes that may arise in connection with the
Agreement, Executive and Company agree that with the exception of claims under
Sections 10(b), 11 or 12 of this Agreement, any and all disputes, claims, causes
of action, in law or equity, arising from or relating to this Agreement or its
enforcement, performance, breach, or interpretation will be resolved by final,
binding, and confidential arbitration to be held in Tucson, Arizona, and
conducted by the American Arbitration Association under its the-existing rules
and procedures for employment disputes. Nothing in this paragraph is intended to
prevent either Executive or the Company from obtaining injunctive relief in
court to prevent irreparable harm pending the conclusion of any such
arbitration.

     22. Effective Date. The terms of this Agreement shall be effective on the
21st calendar day following the distribution of the information statement (as
required under Rule 14c-2 as promulgated under the Securities Exchange Act of
1934) giving notice to all shareholders of approval of this Agreement by a
majority of the disinterested shareholders of the Company.

<PAGE>

     23. Precedence. This Agreement supercedes the Original Agreement and any
other agreements between Executive and Company pertaining to the employment of
Executive by the Company in their entirety.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first above written to be effective as of July 21, 2003.

                                    COMPANY:

                                    RENEGADE VENTURE (NEV.) CORPORATION,
                                    a Nevada corporation

                                    John Sawyer President

                                    EXECUTIVE:

                                    Ian Herman

                                    Address:   6901 South Park Avenue
                                               Tucson, Arizona 85706

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