Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Carbiz Inc. - Exhibit 10.15

ASSET PURCHASE AGREEMENT

     This Asset Purchase Agreement
(this “Agreement”) is made this ____day of __________, 2006 (the “Closing
Date”), by Tax Refund Services, Inc., a Florida corporation whose corporate
mailing address is 7819 N. 56th Street, Tampa, Florida 33617 (“TRS”),
and CarBiz USA, Inc., a Delaware corporation whose corporate mailing address is
7405 North Tamiami Trail, Sarasota, Florida 34243 (“CarBiz”).

		WHEREAS CarBiz operates a tax return
      preparation service distributed through automotive dealers under the name
      “TaxMax” (the “Business”); and 
	  
		WHEREAS, CarBiz desires to sell to TRS, and TRS
      desires to purchase from CarBiz, the “Purchased Assets” (as defined
      herein), on the terms and conditions set forth herein. 
	  
		NOW THEREFORE, in consideration of the mutual
      promises contained herein, TRS and CarBiz agree as follows:

	 	1. 	
      Contemporaneously with the execution of this Agreement on
      the Closing Date, CarBiz is selling, transferring and delivering the
      Purchased Assets to TRS, and TRS is purchasing the Purchased Assets from
      CarBiz for $442,000 (the “Purchase Price”). TRS shall pay CarBiz the
      Purchase Price on the Closing Date by wire transfer of immediately
      available funds to an account designated by CarBiz.

	 	 	 
	 	2. 	
      For purposes of this Agreement, the term “Purchased
      Assets” shall mean all of the following of CarBiz, in each case to the
      extent necessary for the operation of, or relating solely to, the
      Business, if any:

	 	(a)	 all original books and records, excluding financial
        records, in CarBiz’s possession relating to the Business, including,
        but not limited to, customer lists, and customer reports (except that
        CarBiz may retain copies of any of the foregoing to the extent necessary
        as a result of its continued corporate existence or the operation of its
        other businesses);

	 	 	 
	 	(b) 	 all remaining TaxMax banners and Point Of Sale (POS)
        Materials;

	 	 	 
	 	(c) 	 all software, systems, processes, logos, patents, trademarks,
        websites, internet applications and other technology relating solely to
        the Business, including the unregistered tradename “TaxMax”;
      

	 	 	 
	 	(d) 	 5 working fax machines;

	 	 	 
	 	(e) 	 10 working computers; and

	 	 	 
	 	(f) 	 copies of the individual tax returns prepared and e-filed
        by the Business for the past 3 years (to be delivered on a computer so
        TRS can service simple requests such as copies of prior year tax returns).

	 	3. 	
      At all times after the Closing Date, each of the parties
      agrees, at the other party’s request and without further consideration, to
      execute and deliver to such party, all such additional or confirmatory
      instruments, reports and acknowledgments as may
be

	 		
      reasonably requested by the other party, and to take any
      and all such other actions as the other party may reasonably request, to
      evidence or perfect the sale and transfer to TRS of the Purchased Assets,
      and as may otherwise be required to effectuate the terms of this
      Agreement, provided that all such actions or documents required of CarBiz
      shall be without any significant out of pocket cost to CarBiz.

	 	 	 
	 	4. 	
      Within 15 days of the Closing Date, CarBiz shall provide
      to TRS any information that CarBiz possesses as of the Closing Date
      regarding conversations, information and relationship contact data related
      to, as determined by CarBiz in its reasonable discretion, potential
      additional TaxMax business that has been under development by
    CarBiz.

	 	 	 
	 	5. 	
      Within 15 days of the Closing Date, CarBiz shall prepare
      and deliver to TRS an annual dealership report detailing how many returns
      each dealership that was a customer of the Business delivered during the
      3-year period immediately preceding the Closing Date. CarBiz will also use
      its best efforts to provide such a report for the 2 years immediately
      prior to such 3-year period, to the extent that the necessary information
      is reasonably available and provided that CarBiz shall not be obligated to
      incur any out of pocket expenses in connection with providing such
      report.

	 	 	 
	 	6. 	
      CarBiz shall store all physical records of the Business
      for the 3-year period immediately preceding the Closing Date in accordance
      with Internal Revenue Service regulation. CarBiz may destroy any of such
      records at such times as destruction thereof is permissible under Internal
      Revenue Service regulation.

	 	 	 
	 	7. 	
      During the nine-month period following the Closing Date,
      CarBiz will use commercially reasonable efforts to make Stan Heintz
      (“Heintz”) available for consultation purposes regarding the integration
      of the Business into TRS. This will include and is not limited to a
      meeting with TRS, Heintz and JD Byrider. The parties agree that CarBiz may
      be requested to make Heintz available for the provision of consulting
      services pursuant to this Paragraph 6 requiring up to 20 hours of his time
      per month, which request for services shall not exceed 10 hours in any
      given calendar week, and shall be requested only during customary business
      hours of CarBiz and only upon reasonable advance notice from TRS. TRS
      shall reimburse CarBiz for all reasonable and customary out of pocket
      business expenses incurred by Heintz in providing consultation to TRS
      hereunder (including travel expenses), provided that CarBiz shall submit
      supporting data to substantiate the amount of said expenses. The parties
      agree that CarBiz’s obligations under this Paragraph 6 shall automatically
      and immediately cease in the event Heintz ceases to be an employee of
      CarBiz.

	 	 	 
	 	8. 	
      CarBiz agrees that it will not engage or participate,
      directly or indirectly, in the Business anywhere in the United States
      during the period commencing on the Closing Date and continuing until the
      fifth anniversary thereof. This limitation includes tax return preparation
      for customers in connection with the purchase or lease of tangible
      personal property and/or real property including but not limited to
      automobiles. Participation shall include but not be limited to
      development, sales or consultation regarding systems, programs, software,
      internet applications, websites and other methods of preparing individual
      and corporate income tax returns. The consideration paid hereunder has
      been determined with particular consideration to the ongoing protection of
      the legitimate business interests of TRS.

	 	9. 	
      From the date of execution of this Agreement, and at all
      times thereafter, CarBiz shall not solicit or recruit for employment any
      present employee or independent contractor of TRS (provided that the
      foregoing restriction shall not apply to employees or independent
      contractors of TRS who respond to a general solicitation from
    CarBiz).

	 	 	 
	 	10. 	
      Any debt of CarBiz existing as of the Closing Date
      relating to the Business shall remain the exclusive obligation of
      CarBiz.

	 	 	 
	 	11. 	
      CarBiz acknowledges that any rights of any person to any
      pension, medical, or ERISA benefits arising out of such person’s
      employment with CarBiz prior to the Closing Date shall remain the
      obligation of CarBiz.

	 	 	 
	 	12. 	
      CarBiz represents that it is not aware of any actions or
      suits now pending against CarBiz relating to the Purchased Assets or the
      Business. CarBiz acknowledges that any such actions or suits relating to
      the conduct of the Business by CarBiz prior to the Closing Date shall
      remain the responsibility of CarBiz. CarBiz agrees to indemnify and hold
      TRS harmless from any such actions or suits. TRS acknowledges and agrees
      that any and all liabilities arising from or relating to the ownership or
      use of the Purchased Assets or the operation of the Business from and
      after the Closing Date shall be the responsibility of TRS. TRS agrees to
      indemnify and hold CarBiz harmless from any such liabilities and from any
      actions, suits or claims incident thereto.

	 	 	 
	 	13. 	
      At the option of either TRS or CarBiz, any and all
      disputes or controversies, whether of law or fact of any nature whatsoever
      arising from or respecting this Agreement, shall be decided by arbitration
      by the American Arbitration Association and in accordance with the rules
      and regulations of that Association. The arbitrators shall be selected as
      follows: TRS and CarBiz shall each select one independent, qualified
      arbitrator and the two arbitrators so selected shall select the third
      arbitrator. Arbitration shall take place at a location mutually agreeable
      to the parties. At the request of either party and to the extent permitted
      by applicable law, arbitration proceedings will be conducted in the utmost
      secrecy. In such case, all documents, testimony and records shall be
      received, heard and maintained by the arbitrators in secrecy under seal,
      available for the inspection only of TRS or CarBiz and their respective
      attorneys and their respective experts who shall agree in advance and in
      writing to receive such information confidentially and to maintain such
      information in secrecy until such information shall become generally
      known. The arbitrator, who shall act by majority vote, shall be able to
      decree any and all relief of an equitable nature, including but not
      limited to such relief as a temporary restraining order, a temporary
      and/or a permanent injunction, and shall be able to award damages, with or
      without an accounting and costs. The decree or judgment of an award
      rendered by the arbitrators may be entered in any court having
      jurisdiction thereof.

	 	 	 
	 	14. 	
      Each party expressly acknowledges and warrants that it
      has read carefully and fully understands all of the provisions of this
      Agreement, that it is entering into this Agreement of its own free will
      and that it has been encouraged to consult with an attorney. Each party
      represents that it is voluntarily entering into this Agreement with the
      intent to be legally bound hereby, and that it has not been coerced or
      induced by anyone to enter into this
Agreement.

	 	15. 	
      This Agreement constitutes the entire agreement between
      the parties pertaining to the subject matter hereof and supersedes all
      prior and contemporaneous agreements, understandings, negotiations and
      discussions of the parties, whether oral or written.

	 	 	 
	 	16. 	
      This Agreement may only be modified or amended in writing
      and signed by all parties.

	 	 	 
	 	17. 	
      If any provision of this Agreement shall be held to be
      invalid or unenforceable for any reason, the remaining provisions shall
      continue to be valid and enforceable. If a court finds any provision of
      this Agreement to be invalid or unenforceable, but by limiting such
      provision it would become valid or enforceable, then such provision shall
      be deemed to be written, construed, and enforced as so limited.

	 	 	 
	 	18. 	
      Each party shall bear its own legal fees and costs in
      this manner and releases the other from any claims related
  thereto.

	 	 	 
	 	19. 	
      This Agreement may be executed in one or more
      counterparts, each of which shall be deemed to constitute an original, and
      all such counterparts shall constitute one and the same
  instrument.

	 	 	 
	 	20. 	
      This Agreement shall be governed by the laws of the state
      of Florida and any disputes arising hereunder shall be subject to
      jurisdiction and venue in the State of Florida. The prevailing party in
      any legal action arising from the enforcement of this Agreement may
      recover their reasonable attorney’s fees and costs.

	 	 	 
	 	21. 	
      Nothing expressed or implied herein is intended, or shall
      be construed, to confer upon or give any person or entity other than the
      parties hereto, and their successors or permitted assigns, any right,
      remedy, obligation or liability under or by reason of this Agreement, or
      result in such person or entity being deemed a third-party beneficiary
      hereof.

IN WITNESS WHEREOF, this
Agreement has been executed as of the Closing Date.

WITNESS:

	 	 	Tax Refund Services, Inc. 
	 Print Name: ________________________	 	 
	 	 	By: __________________________ 
	 	 	William J. Neylan III, President/CEO 
	 	 	Dated: _______________________ 

	                                                                                                                  	 	CarBiz USA, Inc. 
	Print Name: ________________________ 	 	 
	 	 	By: __________________________ 
	 	 	Stan Heintz, COO 
	 	 	Dated: ________________________Exhibit
10.13

EMPLOYMENT
AGREEMENT

Richard H. Talley

President and Chief Operating Officer

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made as of May 1,
2006, by and among BIOSOURCE AMERICA, INC.,
a Texas corporation (the “Company”), and
Richard H. Talley, an individual residing in Butte, Montana (“Partner”).

W I T N E S S E T H:

WHEREAS, the Company is a wholly owned subsidiary of
Nova Energy Holding, Inc., a Nevada corporation (“Nova”),
and is in the business of the design, engineering, construction and operation
of biodiesel refineries, as well as the production and marketing of biodiesel
fuel and glycerin, including without limitation fuels containing fatty acid
esters, with its headquarters in Houston, Texas, offices in Butte, Montana, and
actual and anticipated operations in the United States, Canada and the member
countries of the European Union, and elsewhere;

WHEREAS, Partner currently is an at will employee of the
Company;

WHEREAS, the Company and Partner desire to enter into an
agreement regarding Partner’s employment with the Company pursuant to the terms
and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and the mutual
covenants contained herein, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, and intending to be
legally bound hereby, the parties covenant and agree as follows:

1.    Employment. The Company hereby employs Partner
and Partner hereby accepts employment with the Company on the terms and
conditions set forth in this Agreement.

2.    Term of Employment. The term of Partner’s
employment hereunder (the “Term”) shall
commence May 1, 2006, (the “Commencement Date”)
and shall continue (subject to termination by either the Company or Partner as
hereinafter provided in Section 5) for an initial term (the “Initial Term”) expiring May 1, 2008 (the “Expiration Date”). Notwithstanding anything to the contrary,
at all times Partner’s employment shall be on an “at will” basis and shall be
terminable at any time and for any reason at the will of the Company, subject
to payment of the severance benefits set forth in Section 5 of this
Agreement. Upon termination of Partner’s employment, the Company shall have no
further obligation to Partner other than payment of earned and unpaid
compensation (as hereafter defined) under Section 5, and Partner shall
have no further obligation to the Company except as set forth in Sections 6 and
7.

3.    Compensation and Other Benefits.

a.           Salary.
As compensation for all services rendered by Partner in performance of Partner’s
duties or obligations under this Agreement, the Company shall pay Partner

 

a base salary in equal amounts on a bi-weekly basis, which
annualizes to the amount of $85,000 
(assuming full work during the annual period). Partner shall be paid in
the manner customary for the Company, which is currently every two weeks, all
appropriate deductions for taxes and the like will be made from the wages
stated herein. Partner acknowledges that he
or she is being hired as a professional and is exempt from receipt of overtime
pay under the Fair Labor Standards Act.

b.           Expenses.
Partner shall be entitled to be reimbursed by the Company for all reasonable and necessary expenses incurred by
Partner in carrying out Partner’s duties under this Agreement in accordance
with the Company’s standard policies and procedures regarding such
reimbursements.

c.           Welfare
Benefit Plans. Partner shall be entitled during the Term, upon
satisfaction of all eligibility requirements, if any, to participate in all
health, dental, disability, life
insurance and other welfare benefit programs now or hereafter established by
the Company which cover substantially all other of the Company’s employees and
shall receive such other benefits as may be approved from time to time by the
Company, each to the extent permitted by law.

d.           Vacation
and Paid Time Off. Partner shall be entitled to take 120 hours of paid vacation/personal time (prorated
based on the number of days worked in the first calendar year of employment) in
accordance with the vacation policy of the Company. This time can be
used in advance of accrual, subject to repayment by Employee if, when Employee’s
employment terminates, time has been used in excess of the accrual of that time.
Vacation/personal time shall accrue at the
rate of 10 hours per month of employment, and there will be no payment for
unused accrual of paid time. This vacation/personal time will not be subject to
carryover from year to year or payment for unused accrual during Partner’s
employment, and such time will begin to accrue anew on January 1 of each
year of employment. Partner also shall be entitled to paid time off with
respect to such holidays as are designated by the Company as being generally
available to employees in accordance with the holiday policy of the Company in
effect from time to time. Partner shall be entitled to payment for accrued and
unused vacation/personal time in the given calendar year upon termination of
this Agreement after all extensions.

e.           Profit Share. Partner shall be entitled to participate in a profit sharing
plan as will be hereafter established by the Company or Nova (the “Profit
Share Plan”). The Profit Share Plan will be applied on a per
project basis and be based on elements of profitability, schedule and
performance criteria that, when met, will result in a distribution of money
amongst the various project team members as determined by the administrator of
the Profit Share Plan.

f.            Equity
Incentive Plan. During the Term of this Agreement, Partner shall
be entitled to participate in the Nova Energy Holding, Inc. 2006 Equity
Incentive Plan (the “Equity Incentive Plan”).
To the extent not heretofore granted, no later than the Commencement Date of
this Agreement, the Company shall grant to Partner under the Equity Incentive
Plan an Award consisting of Non-Qualified Stock Options to acquire not less
than 1,917,772 shares of common stock of Nova at an exercise price equal to the
Fair Market Value of such shares of common stock on the date such Stock Options
are granted. Such Stock Options shall have a term of ten years from the date of
grant and vest monthly in approximately equal amounts over a period of not more
than two years, provided that no Stock Options shall vest until such time as
shares of common stock

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issuable
upon exercise thereof have been registered on Form S-8 whereupon all
Stock Options that would have vested prior to such date but for this proviso
shall immediately vest. Partner acknowledges that, if granted prior to June 1,
2006 and the filing of a registration statement on Form S-8, such
Award will have been issued without registration under the Securities Act of
1933, as amended, pursuant to an exemption therefrom and that, accordingly, the
agreement evidencing such Award will bear a restrictive legend pertaining to Rule 144
and that such Award and any shares of common stock obtained upon exercise
thereof will not be transferable unless registered except in accordance the
applicable rules and regulations of the Securities and Exchange Commission.
Partner represents that he or she is acquiring the Award for his or her
own account without a view to distribution within the meaning of the Securities
Act; (ii) has obtained or received from Nova its filings with the
Securities and Exchange Commission and all other information that he or she has
deemed necessary to make an informed investment decision with respect to an
investment in Nova in general and the Award and shares of common stock obtained
upon exercise thereof in particular; (iii) is financially able to bear the
economic risks of an investment in Nova; and (iv) has such knowledge and
experience in financial and business matters in general and with respect to
investments of a nature similar to the securities of Nova so as to be capable,
by reason of such knowledge and experience, of evaluating the merits and risks
of, and making an informed business decision with regard to, the acquisition of
shares of common stock of Nova upon exercise of the Award. The Company shall
use commercially reasonable efforts to cause a registration statement on Form S-8
to be filed with the Securities and Exchange Commission and to be made
effective as soon as practicable on or after the date Nova first become
eligible to use such form, which registration statement shall provide for the
registration of shares of common stock of Nova issuable upon exercise of such
Award or for the resale of such shares of common stock. Capitalized terms used but not defined in this Section 3.f shall
have the meaning given to such terms in the Equity Incentive Plan.

4.    Duties.

a.           Partner is employed
to act as President and Chief Operating Officer. Partner shall also serve in
such other offices or positions as shall be assigned to Partner from time to
time by the Company and perform such other duties, commensurate with Partner’s
position with the Company, as may be assigned by the Company from time to time.
Partner shall initially be involved in the Company’s operations, activities,
services and technologies relating to the production of biofuels containing
fatty acid esters.

b.           Partner agrees that
during the period of employment, Partner shall devote full-time efforts to
Partner’s duties as an employee of the Company, Partner shall use his or her
best efforts to perform the duties of his or her position in an efficient and
competent manner and shall use his or her best efforts to promote the interests
of the Company and any affiliated companies.

c.           During the period of
employment, Partner agrees not to (i) undertake or engage in any planning
for or organization of, whether solely or jointly with others, any business
activity competitive with the business activities of the Company, and (ii) directly
or indirectly, engage or participate in any other activities in conflict with
the best interests of the Company.

 3
 

 

d.           Partner agrees that
during the period of employment Partner shall refer to the Company all
opportunities in the Company’s industry to which Partner might become exposed
in carrying out his or her duties and responsibilities hereunder.

5.    Termination
of Employment.

a.           Termination by the Company for Cause.
The Company may terminate Partner’s employment for Cause without thereby giving
rise to a breach of this Agreement solely as a result of such termination. “Cause” means the commission of an act of fraud, theft,
wrongful diversion of funds or dishonesty against the Company; conviction for
any felony; willful or repeated tardiness or absenteeism; insubordination;
self-dealing; willful or repeated violation of Company policy; willful or repeated
non-performance or substandard
performance of duties; willful violation of this Agreement or the Partner
Confidentiality and Invention Assignment Agreement between the Company and
Partner in the form separately provided to Partner (the “Employee
Confidentiality Agreement”); or violation of any state or federal
laws, rules or regulation in connection with or during performance of
work.

b.           Termination by the Company without Cause.
The Company may terminate Partner’s employment hereunder without Cause at any
time upon thirty (30) days notice to Partner without thereby giving rise to a
breach of this Agreement solely as a result of such termination. In the event
of receipt of such notice, Partner may elect to terminate Partner’s employment
immediately. Upon termination of Partner’s employment without Cause pursuant to
this Section 5.b, the Company shall pay Partner his or her base salary
accrued through the date of termination plus a severance benefit equal to the
per diem rate of base salary
multiplied by the number of calendar days between such date of termination of
employment and the Expiration Date and, until the Expiration Date, Partner
shall continued to be entitled to participate in any Company welfare benefit
plans that Partner was entitled to participate in prior to such termination of
employment to the extent permitted by such applicable law or the terms of such
plan.

c.           Death. Partner’s employment
hereunder shall be terminated (without thereby giving rise to a breach of this
Agreement solely as a result of such termination) automatically upon Partner’s
death during the Term. In the event of such termination, the Company shall pay to Partner’s estate
within 60 days after the date of Partner’s death, all benefits and compensation
accrued hereunder prior to the date of Partner’s death.

d.           Disability.
Partner’s employment hereunder shall be terminated (without thereby giving rise
to a breach of this Agreement solely as a result of such termination)
automatically upon Partner’s Total Disability during the Term. In the event of
such termination, the Company shall pay to Partner within 60 days after the
date of termination under this Paragraph 5.d, all benefits and compensation
accrued hereunder prior to the date of such termination plus a severance
benefit equal to the per diem rate
of base salary multiplied by 30 days. “Total Disability”
means the physical or mental inability (excluding
infrequent and temporary absences due to ordinary illness) to perform Partner’s
duties under this Agreement as determined by the President of the Company upon
the advice of a qualified physician. Before making any termination decision
pursuant to this Section 5.d, the Company shall determine whether

 4
 

 

there
is any reasonable accommodation (within the meaning of the Americans with
Disabilities Act) which would enable Partner to perform the essential functions
of Partner’s position under this Agreement despite the existence of any such
disability. If such a reasonable accommodation is possible, the Company shall
make that accommodation and shall not terminate Partner’s employment hereunder
based on such disability. Partner shall submit to such medical
examinations as the Company may request to determine whether a Total Disability
exists and shall authorize his or her physician or physicians to discuss his or
her physical or mental condition, test results, medical records, diagnosis and
prognosis with such representatives of the Company as the President may
designate, subject to the agreement of the Company to maintain the confidentiality
of such information pursuant to applicable law.

6.    Inventions
and Creations Belong to the Company; Non-Disclosure of Confidential
Information; Non-Solicitation of Employees. In connection with
the execution of this Agreement and in consideration of becoming or remaining
employed by the Company and the Company’s entering into this Agreement and
providing the benefits hereunder, Partner shall, to the extent not already
done, enter into the Employee Confidentiality Agreement and Partner agrees to
comply with all terms and conditions of such Employee Confidentiality
Agreement.

7.    Limited
Non-Competition Covenant.

Partner acknowledges that, although Partner
is an at will employee, the Company is hereby providing Partner with an
employment agreement for a definite Initial Term and restricting its ability to
terminate Partner during this Initial Term, has agreed to grant Partner
Awards under the Equity Incentive Plan, and also has provided, will provide and hereby
agrees to provide Partner with access to Confidential Information of the
Company throughout the Term of this Agreement’ each in reliance upon
Partners’ agreement to enter into and comply with the limited non-competition
covenant set forth in this Section 7. Partner acknowledges that the Company has legitimate
interests in protecting such information and its investment in the Partner
through the imposition of a limited covenant not to compete. Partner
acknowledges that the limited non-competition covenant set forth herein is the
least restrictive and most reasonable covenant available to adequately protect
the Company’s interest.

“Subject Client” means any person or
entity who is an existing client of the Company as of the date Partner’s
employment with the Company terminates for any reason and (i) with whom
Partner has had personal contact during the term of Partner’s employment with
the Company, or (ii) as to whom Partner has received Confidential
Information during the term of Partner’s employment with the Company. A client
of the Company shall be considered “existing” from the date of initiation of
any business relationship with the Company, including a request for bid, until
such time as the client has notified the Company that such business
relationship has been terminated, regardless of whether the client’s actual use
of the Company’s services has temporarily ceased.

“Covenant Term” means a period commencing
on the date hereof and expiring two (2) years after the date Partner’s
employment with the Company terminates, regardless of the reason (subject to
being extended due to Partner’s breach under Section 7(f) below).

 5
 

 

“Competitive Services or Activities”
means engaging in the design, engineering, or construction or operation of
refineries for biofuels containing or derived from fatty acid esters, or engaging
in the marketing or production of biodiesel fuel and glycerin containing or
derived from fatty acid esters, or engaging in consulting with regard to the
foregoing.

“Territory” means the area within each
city, county and parish of each state and territory of the United States and
the District of Columbia, each province and territory of Canada and the member
countries of the European Union.

a.           Partner agrees that
Partner will not, during the term of Partner’s employment with the Company or
during the Covenant Term, individually or as an employee, owner, employer,
consultant, agent, principal, partner, stockholder, director, officer, lender,
or any other individual or representative capacity for another, call upon,
solicit, offer, sell or provide Competing Services or Activities, or assist
with calling upon, soliciting, offering, selling or providing Competing
Services or Activities to, any Subject Client located in whole or in part in
the Territory.

b.           Partner agrees that
Partner will not, during the term of Partner’s employment with the Company or
during the Covenant Term, whether individually or as an employee, owner,
employer, consultant, agent, principal, partner, stockholder, director,
officer, lender, or any other individual or representative capacity for
another, approach any Subject Client for the purpose of soliciting employment
or accept employment with any Subject Client to the extent such employment
involves performing or providing Competing Services or Activities in the
Territory, unless Partner obtains prior written permission from the Board of
Directors of the Company.

c.           Partner agrees that
Partner will not, during the term of Partner’s employment with the Company or
during the Covenant Term, individually or as an employee, owner, employer,
consultant, agent, principal, partner, stockholder, director, officer, lender,
or any other individual or representative capacity for another, engage in any
Competing Services or Activities in the Territory or provide services to any
person or entity engaged in any Competing Services or Activities in the
Territory.

d.           Partner agrees that
Partner will not, during the term of Partner’s employment with the Company or
during the Covenant Term, whether individually or as an employee, employer,
consultant, agent, principal, partner, stockholder, lender, corporate officer
or other representative of another, receive any remuneration in any form as a
result of any conduct described in Section 7(a), (b) or (c) above.

e.           The ownership by
Partner of stock of any company listed on a national securities exchange shall
not be deemed a violation of this Agreement provided Partner and Partner’s
associates (as that term is defined in Regulation 14A of the Securities
Exchange Act of 1934 as in effect on the date hereof) collectively do not own
more than 1% of the stock of such company.

f.            If Partner violates
any covenant contained in this Section and the Company brings legal action
for injunctive or other relief, the Company shall not, as a result of the time
involved in obtaining the relief, be deprived of the benefit of the full period
of any such covenant.

 6
 

 

Accordingly,
in the event the Company brings legal action for injunctive or other relief to
enforce the rights granted under this Section 7, the Covenant Term shall
be extended by the period of time specified as the Covenant Term from the later
of (i) the date of the termination of Partner’s employment with the
Company, or (ii) the date of entry by a court of competent jurisdiction of
a final judgment enforcing the covenants of Partner in this Section 7.

g.           Partner acknowledges
that in the event Partner willfully or intentionally breaches the provisions of
this Section 7 or otherwise renders services for any organization,
or engages directly or indirectly in any business, that is or becomes
competitive with Nova, the Company or any subsidiary of Nova, such action shall constitute “Detrimental
Activity” pursuant to the Equity Incentive Plan and, if such event occurs prior
to or within two years after any exercise, payment or delivery of an Award
under such Equity Incentive Plan, such exercise, payment or delivery may
be rescinded by the Company within two years thereafter. In the event of any
such rescission, Partner shall pay to the Company the amount of any gain
realized or payment received as a result of the rescinded exercise, payment or
delivery, in such manner and on such terms and conditions as may be required,
and the Company shall be entitled to set-off against the amount of any such
gain any amount owed to Partner by the Company or any subsidiary of the
Company.

h.           Partner acknowledges
that this Section 7ontains independent covenants that shall be operative
regardless of the reasons for termination of his employment or the performance
or nonperformance of any obligations of the Company.

8.    Partner’s
Acknowledgement. It is the express intention of Partner and the
Company to comply with the laws of the State of Texas and Montana, and the laws
of any other jurisdiction in which Partner may engage in activities prohibited
by this Agreement and the Employee Confidentiality Agreement, with regard to
non-competition agreements in effect as of the date of execution hereof. Partner
stipulates that the provisions of this Agreement and the Employee
Confidentiality Agreement are not oppressive or overly burdensome to Partner
and will not prevent Partner from earning an income following termination of
this Agreement. Partner warrants and represents that:

a.           Partner is familiar
with non-compete and non-solicitation covenants;

b.           Partner has discussed
or acknowledges the opportunity to discuss the provisions of the non-compete
and non-solicitation covenants contained herein with Partner’s attorney and has
concluded that such provisions (including, without limitation, the right to equitable
relief and the length of time provided for herein) are fair, reasonable and
just under the circumstances;

c.           Partner is fully
aware of the obligations, limitations and liabilities included in the
non-compete and non-solicitation covenants contained in this Agreement and the
Employee Confidentiality Agreement;

 7
 

 

d.           The scope of
activities covered hereby are substantially similar to those activities to be
performed by Partner under this Agreement and the Employee Confidentiality
Agreement;

e.           The non-compete and
non-solicitation periods are reasonable restrictions, giving consideration to
the following factors:  (1) Partner
and the Company reasonably anticipate that this Agreement and the Employee
Confidentiality Agreement, although terminable under certain provisions, will
continue in effect for sufficient duration to allow Partner to attain superior
bargaining strength and an ability for unfair competition with respect to the
customers covered hereby; (2) the duration of such periods are reasonably
necessary period to allow the Company to restore its position of equivalent
bargaining strength and fair competition with respect to those customers
covered hereby; and (3) historically, employees of all types have remained
with Partner for a duration of longer than the duration of the non-compete and
non-solicitation periods; and

f.            The limitations
contained in this Agreement with respect to geographic area, duration and scope
of activity are reasonable; however, if any court shall determine that the
geographic area, duration or scope of activity of any restriction contained in
this Agreement is unenforceable, it is the intention of the parties that such
restrictive covenants set forth herein shall not thereby be terminated, but
shall be deemed amended to the extent required to render such covenants valid
and enforceable.

8.    Remedies;
Injunction. In the event of a breach or threatened breach by
Partner of any of the provisions of this Agreement, Partner agrees that the
Company, in addition to and not in limitation of any other rights, remedies or
damages available to the Company at law or in equity, shall be entitled to
temporary and permanent injunctive orders without the necessity of proving
actual monetary loss, in order to prevent or restrain any such breach by
Partner or by Partner’s partners, agents, representatives, servants, employees
and/or any and all persons directly or indirectly acting for or with Partner
and without the necessity of posting any bond with respect to such injunctive
relief. It is expressly understood between the parties that this injunctive or
other equitable relief shall not be the Company’s exclusive remedy for any
breach of this Agreement, and the Company shall be entitled to seek any other
relief or remedy which it may have by contract, statute, law or otherwise for
any breach hereof.

9.    Notices.
Any notice, demand or request which may be permitted, required or desired to be
given in connection therewith shall be given in writing and directed to the
Company and Partner as follows:

If to the Company, at:                                                  Biosource America, Inc.

600 Dewey Boulevard

Butte, Montana  59701

Attn:  Dick Talley

Facsimile No. (406) 494-6645

with a copy to:                                                                                      Bohreer & Zucker LLP

2777 Allen Parkway, Suite 865

Houston, Texas 77019

 8
 

 

                                                                                                                                                                     Attention: 
E. Michelle Bohreer

Facsimile No.:  (713) 526-8100

or,
if to Partner, at the address and facsimile number indicated on the signature page hereof.

Notices
shall be deemed properly delivered and received when and if either:  (i) personally delivered; (ii) delivered
by nationally-recognized overnight courier; (iii) when deposited in the
U.S. Mail, by registered or certified mail, return receipt requested, postage
prepaid; or (iv) sent via facsimile transmission with confirmation mailed
by regular U.S. mail. Any party may change its notice address for purposes
hereof to any address within the continental United States by giving written
notice of such change to the other parties hereto at least fifteen days prior
to the intended effective date of such change.

10.  Severability.
If any provision of this Agreement is rendered or declared illegal or
unenforceable by reason of any existing or subsequently enacted legislation or
by decree of a court of last resort, the Company and Partner shall promptly
meet and negotiate substitute provisions for those rendered or declared illegal
or unenforceable, but all the remaining provisions of this Agreement shall
remain in full force and effect.

11.  Assignment.
This Agreement may not be assigned by any party without the prior written
consent of the Company.

12.  Binding Agreement.
This Agreement shall be binding upon and shall inure to the benefit of the
parties hereto, and their respective legal representatives, heirs, successors
and permitted assigns.

13.  Governing
Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas without regard to principles of
conflicts of law that would apply any other law. Partner agrees that the
non-exclusive venue and jurisdiction for litigation or arbitration of any disputes
relating to this Agreement shall be Houston, Harris County, Texas, and Partner
irrevocably consents to personal jurisdiction of the Courts in Houston, Texas,
and waives any forum non convenience rights. Notwithstanding the foregoing, the
Company shall have the right, at its election, to bring litigation or
arbitration relating to Partner’s non-competition, non-solicitation and
confidentiality obligations in any forum having personal jurisdiction over
employee.

 9
 

 

14.  Agreement
Read, Understood and Fair. Partner has carefully read and
considered all provisions of this Agreement, agrees that all of the
restrictions set forth are fair and reasonable and are reasonably required for
the protection of the interests of the Company and understands and will faithfully
comply with all such provisions.

IN WITNESS WHEREOF,
the parties have executed this Agreement as of the date first above written,
effective as of the Commencement Date.

	
  

  	
  EMPLOYER:

  
	
   

  	
   

  
	
   

  	
  BIOSOURCE AMERICA, INC.,

  
	
   

  	
  a Texas corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Leon van Kraayenburg

  
	
   

  	
   

  	
   

  
	
   

  	
  Printed Name: Leon van Kraayenburg

  
	
   

  	
   

  
	
   

  	
  Title: Secretary

  
	
   

  	
   

  
	
   

  	
  PARTNER:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Richard H. Talley

  
	
   

  	
  Richard H. Talley

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Address for Notices:

  
	
   

  	
   

  
	
   

  	
  231 Terra Verde

  
	
   

  	
  Butte, MT 59701

  
	
   

  	
  Facsimile:

  	
   

  
					

 

 10

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