Document:

EXHIBIT 10.9  

SEPARATION AGREEMENT AND

FULL AND FINAL RELEASE OF CLAIMS  

        This
Separation Agreement and Full and Final Release of Claims (“Agreement”) is by
and between DONALD C. CAMERON and Donald C Cameron Consulting Ltd. (“Contractor”
or “you”), and SKY PETROLEUM, INC., a Nevada corporation (“Sky” or
“Company”) (collectively referred to herein as the “Parties). This
Agreement shall be effective as of seven (7) days following its execution by Contractor
(the “Effective Date”) unless Contractor exercises his right of revocation
pursuant to Paragraph 13 of this Agreement. 

R E C I T A L S:  

        WHEREAS,
Contractor's Independent Contractor Service Agreement ("Contractor Agreement") with the
Company will be terminated; and  

        WHEREAS,
the Parties have decided to resolve any differences arising out of Contractor’s
contract with Sky and separation therefrom, consistent with the terms and conditions set
forth below.  

        NOW,
THEREFORE, in consideration of the mutual promises and agreements herein contained,
including the recitals above, the receipt and sufficiency of which is hereby acknowledged,
the Parties agree as follows:  

             
1.       
Termination. Contractor will be terminated from all offices and positions of
employment with the Company effective October 31, 2005 (“Termination
Date”), thereby discontinuing any Company/Contractor relationship between
the Parties. As per the terms of the Contractor Agreement, you will be paid your
normal monthly fees of US$11,000 per month for the months of November 2005,
December 2005 and January, 2006.  

             
2.       
Consultancy.  

          		        
a.       
Payment. The Company retain you as a consultant for a period of six (6) months
beginning February 1, 2006 through July 31, 2006 at a monthly retainer fee of
US$11,000 per month, payable on the Company’s regularly scheduled pay
dates. You will be responsible to pay all applicable payroll deductions and
withholdings.  

               

          		        
b.       
Benefits. There are no benefits associated under the retainer.  

               

          		        
c.       
Options. The Company will grant you 200,000 Stock Options exercisable to
purchase shares of common stock of the Company at an exercise price of $1.00 per
share. The Stock Options shall vest and become exercisable over two years. The
first 100,000 Stock Options shall vest on April 30, 2006 and the balance vest on
April 30, 2007.  

               

          		        
d.       
Termination of Severance. Contractor acknowledges and agrees that if he breaches
any of his obligations under either this Agreement or his Confidentiality
Agreement with the Company, the Company shall have the right to (i) immediately
cancel all of its remaining payments and Stock Option obligations hereunder, if
any, (ii) SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS Page 1  

               

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
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recover
from Contractor any amounts previously paid or Stock Options exercised to Contractor
hereunder, and (iii) pursue any other remedies available to the Company for such breach. 

             3.       
Release.  

          		        
a.       
               Contractor hereby knowingly and voluntarily releases and forever discharges the
               Company, its parents, affiliates, predecessors, successors and assigns, and each
               of its officers, directors, agents, and contractors (collectively referred to
               herein as the “Releasees”) from any and all claims, liabilities,
               costs, and damages of any nature whatsoever, both known and unknown, under
               federal, state, provincial or local laws, which he has or may have against the
               Releasees for any alleged act or omission which occurred on or at any time prior
               to the date of Contractor’s execution of this Agreement including, but not
               limited to, any claims related to: (1) breach of contract, personal injury, or
               tort including, but not limited to, claims of wrongful discharge, fraud,
               promissory estoppel, intentional infliction of emotional distress, defamation,
               and assault; (2) claims, if any, arising out of or in connection with the
               initiation, termination, or existence of Contractor’s employment
               relationship with Sky, or any services performed on behalf of Sky; (3) claims,
               if any, regarding leave, vacation, bonuses, commissions, stock options, or any
               other form of payment or benefits attributable to his employment with Sky; and
               (4) employment discrimination on the basis of race, color, gender, disability,
               religion, national origin, age, or any other status protected by law. Contractor
               acknowledges and agrees that except as otherwise provided in this Agreement, any
               and all rights to compensation, reimbursement, benefits, stock options or other
               consideration under the Contractor Agreement shall terminate. 

               

          		        
b.       
               Contractor warrants that he has not filed any claims, complaints, charges, or
               lawsuits against Sky with any governmental agency or any court, and agrees never
               to institute, directly or indirectly, any action or proceeding of any kind
               whatsoever against the Releasees based on or arising out of, and alleged to have
               been suffered as a consequence of Contractor’s employment, discontinuation
               of employment, or Contractor’s relationship to date including, but not
               limited to, any with the Company. Excluded from this Agreement are any claims,
               which cannot be waived by law. Contractor does waive, however, his right to any
               monetary recovery should any agency pursue any claims on Contractor’s
               behalf. 

               

          		        
c.       
               This Agreement specifically includes, but not by way of limitation, all claims
               which might be asserted by or on behalf of Contractor in any suit or claim
               against the Releasees, for or on account of any matter whatsoever, up to and
               including the present time. Contractor represents and warrants that to the best
               of his knowledge, no other person or entity, other than Contractor, is entitled
               to assert any claims of any kind or character based on or arising out of, and
               alleged to have been suffered by, in, or as a consequence of Contractor’s
               employment, separation from employment, and Contractor’s relationship to
               date with the Company. 

               

          		        
d.       
               Except as otherwise prohibited by law, Company hereby knowingly and voluntarily
               releases and forever discharges Contractor, his successors and assigns, Donald C
               Cameron Consulting Ltd., each of its officers and directors, and each of your
               and Donald C Cameron Consulting Ltd.‘s respective agents, and contractors
               (collectively 

               

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
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referred
to herein as the “Releasees”) from any and all claims, liabilities, costs, and
damages of any nature whatsoever, both known and unknown, under federal, state, provincial
or local laws, which Sky has or may have against the Releasees for any alleged act or
omission which occurred on or at any time prior to the date of Sky’s execution of
this Agreement including, but not limited to, any claims related to: (1) breach of
contract, or tort including, but not limited to, claims of, fraud, promissory estoppel,
defamation; (2) claims, if any, arising out of or in connection with the initiation,
termination, or existence of Contractor’s employment relationship with Sky, or any
services performed for or on behalf of Sky; 

          		        
e.       
               Sky warrants that Sky has not filed any claims, complaints, charges, or lawsuits
               against the Releasees with any governmental agency or any court, and agrees
               never to institute, directly or indirectly, any action or proceeding of any kind
               whatsoever against the Releasees based on or arising out of, and alleged to have
               been suffered as a consequence of Contractor’s employment, discontinuation
               of employment, or Contractor’s relationship to date including, but not
               limited to, any with the Company. Excluded from this Agreement are any claims,
               which cannot be waived by law. Sky does waive, however, its right to any
               monetary recovery should any agency pursue any claims on Sky’s behalf. 

               

		        
f.       This
Agreement specifically includes, but not by way of limitation, all claims           which
might be asserted by or on behalf of Sky in any suit or claim against the
          Releasees, for or on account of any matter whatsoever, up to and including the
          present time. Sky represents and warrants that to the best of its knowledge, no
          other person or entity, other than Sky, is entitled to assert any claims of any
          kind or character based on or arising out of, and alleged to have been suffered
          by, in, or as a consequence of IContractor’s employment, separation from
          employment, and Contractor’s relationship to date with the Company.  

             4.       
Confidential Information.  

          		        
a.       
               Definition. “Confidential Information” means information: (1)
               disclosed to or known by Contractor as a consequence of or through his
               employment with Sky; (2) not generally known outside Sky; and (3) which relates
               to any aspect of Sky or its business, prospective business, research, or
               development. By example and without limitation, Confidential Information
               includes, but is not limited to, any and all information of the following or
               similar nature, whether transmitted verbally, electronically or in writing:
               copyright, service mark and trademark registrations and applications; patents
               and patent applications; licenses; agreements; unique and special methods;
               techniques; procedures; processes; routines; formulas; know-how; trade secrets;
               innovations; inventions; discoveries; improvements; research proposals,
               development, test results or papers; specifications; technical data and/or
               information; software; quality control and manufacturing procedures; formats;
               sketches; drawings; models; sales figures; files; marketing plans; strategies;
               business plans and forecasts; customer, pricing, and financial information;
               investor information; budgets; methodologies; computer code and programs;
               compilations of information; reports; records; compensation and benefit
               information; customer, vendor, and supplier identities and characteristics;
               information  

               

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
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provided
to Sky by a third party under restrictions against disclosure or use by Sky or others;
information designated secret or confidential by Sky; and information of which
unauthorized disclosure would be detrimental to the interests of Sky, whether or not such
information is identified as confidential information by Sky. 

          		        
b.       
               Value of Confidential Information. Contractor acknowledges that all Confidential
               Information is valuable, proprietary and the exclusive property of Sky. All
               business records, papers and documents kept or made by Contractor relating to
               the business of Sky shall be and remain the property of Sky. 

               

          		        
c.       
               Non-Disclosure. Contractor agrees that in performance of work for Sky, he has
               been privy to Confidential Information of considerable value to Sky, its
               stockholders, partners and customers. Contractor will hold in strictest
               confidence and shall not, directly or indirectly, use or reveal, divulge, make
               known to or permit the use of by third parties, any Confidential Information,
               unless required to do so by law. Contractor agrees that the fact that Contractor
               and the Company have reached this Agreement and its terms, specifically
               including, but not limited to, the amount paid hereunder, will be treated as a
               strictly confidential matter between the Parties, and will not be disclosed by
               Contractor to any third party or entity, save and except (a) Contractor’s
               attorneys, tax advisors, and immediate family; provided each of the foregoing
               are advised by Contractor of this confidentiality requirement, and each agrees
               to maintain full confidentiality; (b) governmental agencies; and (c) pursuant to
               a lawfully issued subpoena from a court of competent jurisdiction. This
               Non-Disclosure provision is a material and substantial term of this Agreement.
               Contractor and the Company agree, however, that this Agreement may be used as
               evidence in a subsequent proceeding in which any of the Parties allege a breach
               of this Agreement. 

               

          		        
d.       
               Return of Company Property. Contractor acknowledges and warrants that he or his
               personal representative has returned to Sky: (a) all keys, entry cards,
               identification badges, credit cards, vehicles and other property of Sky; and (b)
               Confidential Information in Contractor’s possession or control. Contractor
               acknowledges and warrants that he has not kept any copies, nor made or retained
               any abstracts or notes, of any Confidential Information. 

               

             5.       
Non-Disparagement. Contractor agrees that he will not in any way disparage,
defame, deprecate, denigrate, defame, vilify, libel, slander, place in a
negative light, or in any other way harm or attempt to harm the reputation, good
will, or commercial interest of Sky or any of Sky’s other Releasees.
Contractor also agrees that he will instruct his attorney(s) and immediate
family members to abide by the non-disparagement obligations contained in this
Agreement. In the event that Contractor breaches the promises contained in this
paragraph, Sky’s obligation to make payment of any sums otherwise due under
this Agreement will terminate; Contractor agrees to promptly return all monies
already paid pursuant to this Agreement; and Contractor agrees to be liable for
any additional damages, including any attorneys’ fees and costs incurred.  

        Sky
agrees that none of its officers, directors, agents, or contractors will in any way
disparage, defame, deprecate, denigrate, defame, vilify, libel, slander, place in a
negative light, or in any other way harm or attempt to harm the reputation, good will, or
commercial interest of Contractor or any of Contractor’s other Releasees. Sky also
agrees that it will instruct its 

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
Page 4 

     attorney(s) and other representatives or persons not at arm’s length therewith (as
defined in the Income Tax Act (Canada)) to abide by the non-disparagement
obligations contained in this Agreement. In the event that Sky breaches the
promises contained in this paragraph, Sky agrees to be liable for any additional
damages, including any attorneys’ fees and costs incurred.  

             
6.       
Continued Cooperation. Subject to reimbursement of reasonable out-of-pocket
travel costs and expenses, Contractor agrees to cooperate fully with Sky and its
counsel with respect to any litigation, investigation, administrative,
governmental, or corporate proceeding which relates to matters with which
Contractor was involved during the term of his employment with Sky. Such
cooperation may include appearing from time to time at the offices of Sky or its
counsel for conferences and interviews, ratifying corporate documents and, in
general, providing the officers of Sky and its counsel with the full benefit of
Contractor’s knowledge with respect to any such matter. Contractor agrees
to render such cooperation in a timely fashion and at such times as may be
mutually agreeable to the parties concerned; provided that such obligation of
the Contractor shall terminate on July 31, 2012.  

             
7.       
No Admissions. The terms of this Agreement are a compromise and settlement of
any disputed claims, the validity, existence, or occurrence of which are
expressly denied by the Parties. This Agreement does not constitute, and shall
not be construed as, an admission by any Party of any breach of contract or
other violation of any right of the other, or any harm to of any kind
whatsoever, or of any violation of any federal, state, provincial or local
statute, law, or regulation. To the contrary, each Party denies any liability
whatsoever to the other.  

     
        8.       
Multiple Originals. This Agreement may be executed in a number of identical
counterparts, each of which shall be deemed an original for all purposes.  

     
        9.       
Entire Agreement. Contractor acknowledges that in deciding to sign this
Agreement he has not relied on any promises or commitments, whether spoken or in
writing, made to him by any Company representative, except for what is expressly
stated in this Agreement. This Agreement constitutes the entire understanding
and agreement between the Parties hereto concerning the subject matter contained
herein, and supersedes any prior contract or similar agreements between the
Parties, the terms and conditions of which expressly survive this Agreement.  

     
        10.       
Governing Law. This Agreement shall in all respects be interpreted, enforced,
and governed by the internal laws of the Province of Alberta. The language of
this Agreement shall be construed as a whole, according to its fair meaning, and
shall not be construed strictly for or against either of the Parties.  

     
        11.       
Severability. If any provision of this Agreement is held by final judgment to be
invalid, illegal, or unenforceable, such invalid, illegal, or unenforceable
provision shall be severed from the remainder of this Agreement, and the
remainder of this Agreement shall be enforced. In addition, the invalid,
illegal, or unenforceable provision shall be deemed to be automatically modified
and, as so modified, to be included in this Agreement, such modification being
made to the minimum extent necessary to render the provision valid, legal and
enforceable. Notwithstanding the foregoing, however, if the severed or modified
provision concerns all or a portion of the essential consideration to be
delivered under this Agreement by one party to the other, the remaining
provisions of this Agreement shall also be modified to the extent necessary to
equitably adjust the Parties’ respective rights and obligations hereunder.  

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
Page 5 

             
12.       
Modification in Writing. Sky and Contractor agree that the covenants and/or
provisions of this Agreement may not be modified by any subsequent agreement
unless the modifying agreement is in writing and signed by both Parties.  

     
        13.       
Waiver of Rights. Contractor acknowledges that:  

          		        
a.       
               The terms of this Agreement not only are understandable, but they are also fully
               understood by Contractor; 

               

          		        
b.       
               This Agreement specifically refers to Contractor’s rights and claims under
               the laws of the Province of Alberta prohibiting age discrimination, and
               Contractor understands that such rights and claims are irrevocably being waived
               by Contractor; 

               

          		        
c.       
               The consideration recited in this Agreement is adequate to make it final and
               binding, and is in addition to payments or benefits to which Contractor would
               otherwise be entitled as a former Contractor of the Company; 

               

          		        
d.       
               Contractor has been advised of the right to consult with an attorney before
               entering this Agreement, and has exercised such right to the extent Contractor
               wishes to do so; 

               

          		        
e.       
               Contractor has been given adequate time, up to fifteen (15) days if he so
               desires, to consider this Agreement, and Contractor understands and acknowledges
               that any changes made to this Agreement, whether material or immaterial, will
               not re-start this 15-day period; and 

               

             14.       
Voluntary Agreement. CONTRACTOR FURTHER STATES THAT HE HAS CAREFULLY READ THE
FOREGOING “SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS,”
AND THAT HE KNOWS AND UNDERSTANDS THE CONTENTS THEREOF, AND THAT HE EXECUTES THE
SAME AS HIS OWN FREE ACT AND DEED.  

	
AGREED TO:

________________________________________

DONALD CAMERON,

individually and as authorized signatory of

Donald C Cameron Consulting Ltd.

Date:  _________________________ 
	
SKY PETROLEUM, INC. 

By: __________________________________

Name:  DANIEL MEYER

Title:  President

Date:  _________________________ 

	
SEPARATION AGREEMENT AND FULL AND FINAL RELEASE OF CLAIMS  	
Page 6EXHIBIT 10.1

                         EXECUTIVE EMPLOYMENT AGREEMENT

     THIS EXECUTIVE EMPLOYMENT AGREEMENT (the "Agreement") is entered into as of
this 9th day of November,  2005 (the "Effective  Date"), by and between Aeroflex
Incorporated,  a Delaware corporation  (together with its successors and assigns
permitted hereunder, the "Company"), and John Adamovich, Jr. (the "Executive").

     WHEREAS, the Board of Directors of the Company (the "Board") has determined
that it is in the best interests of the Company and its  stockholders  to employ
the Executive,  and the Executive desires to be employed by the Company,  on the
terms and conditions set forth herein.

     NOW, THEREFORE, the Company and the Executive agree as follows:

     1. EMPLOYMENT PERIOD. Subject to Section 3, the Company hereby agrees to
        ------------------
employ the Executive, and the Executive hereby agrees to be employed by the
Company, in accordance with the terms and provisions of this Agreement, for the
period commencing as of the Effective Date and ending at midnight on November 8,
2007 (the "Employment Period").

     2. TERMS OF EMPLOYMENT.
        -------------------

        (a) Positions and Duties.
            --------------------

            (i) During the term of the Executive's employment hereunder, the
Executive shall serve as Chief Financial Officer of the Company and, in so
doing, shall report directly to the President and the Board of Directors of the
Company. The Executive shall have such management, supervisory and operational
functions and other powers, functions and duties consistent with the Executive's
title and duties as may from time to time reasonably be prescribed by the Board.

           (ii) During the term of the Executive's employment hereunder, and
excluding any periods of vacation, paid holiday, and sick and personal leave to
which the Executive is entitled, the Executive agrees to devote substantially
all of his business time to the business and affairs of the Company and, to the
extent necessary to discharge the responsibilities assigned to the Executive
hereunder, to use the Executive's reasonable best efforts to perform faithfully,
effectively and efficiently such responsibilities. During the term of the
Executive's employment, it shall not be a violation of this Agreement for the
Executive to (1) serve on corporate, civic or charitable boards or committees,
(2) manage personal investments and (3) serve as an officer of one or more
affiliates of the Company, so long as such activities do not significantly
interfere with the performance of the Executive's responsibilities as an
employee of the Company in accordance with this Agreement.

<PAGE>

        (b) Compensation.
            ------------

            (i)      (1)     Base Salary.  During the term of the Executive's
                             -----------
employment hereunder, the Executive shall receive an annual salary (the "Base
Salary") of Three Hundred Eighty Thousand Dollars ($380,000), which shall be
paid in accordance with the customary payroll practices of the Company for
services rendered as Chief Financial Officer of the Company.

                     (2)     COLA.  Executive's Base Salary shall be increased
                             ----
during the second year of the Employment Period by an amount equal to the
increase in the cost-of-living during the first year of the Employment Period,
as reported in the "Consumer Price Index, New York and Northeastern New Jersey,
All Items", published by the U.S. Department of Labor (or if such index is no
longer published, the successor or comparable index which is published). Such
amount shall be calculated and paid to Executive in a single sum on or before
the third month of the second year of the Employment Period.

           (ii)      Bonus.  The Executive shall receive a bonus (the "Bonus"),
                     -----
of Two Hundred Thousand Dollars ($200,000) in each year of the Employment
Period, and, except as otherwise provided herein, subject to continued
employment during each such yearly period. Such Bonus shall be payable no later
than December 31, 2006 and December 31, 2007, respectively. At the discretion of
the Board of Directors, the Executive may be entitled to additional bonuses
based upon evaluation of the Executive and his performance by the President and
the Board of Directors. The $200,000 Bonus for the second year of the Employment
Term shall be increased by the cost-of-living adjustment formula provided for in
Paragraph 2(b)(i)(2).

          (iii)      Investment Plans.  During the term of the Executive's
                     ----------------
employment hereunder, the Executive shall be entitled to participate in all
savings and retirement plans, practices, policies and programs ("Investment
Plans") appertaining to his position in accordance with practices established by
the Board, including 401K and supplemental life insurance plans, but Executive
shall not participate in the Company's Supplemental Executive Retirement Plan.

           (iv)      Welfare Benefit Plans.  During the term of the Executive's
                     ---------------------
employment hereunder, the Executive shall be eligible for participation in and
shall receive all benefits under welfare benefit plans, practices, policies and
programs ("Welfare Plans") provided by the Company (including, without
limitation, medical, prescription, dental, disability, salary continuance, group
life, accidental death and travel accident insurance plans and programs) to the
extent applicable to executive employees generally in accordance with practices
established by the Board.

            (v)      Expenses.  During the term of the Executive's employment
                     --------
hereunder, the Executive shall be entitled to receive prompt reimbursement for
all reasonable expenses incurred by the Executive in performing his duties
hereunder, including, without limitation, transportation, hotel, and living
expenses and other business and entertainment expenses, in accordance with the
policies, practices and procedures of the Company.

           (vi)      Vacation and Holidays.  During each complete twelve month
                     ---------------------

                                       2
<PAGE>

period of the Executive's employment hereunder, the Executive shall be entitled
to 20 paid vacation days and such paid holiday and leave time as are in
accordance with the plans, policies, programs and practices of the Company.

          (vii)      Restricted Stock.
                     ----------------

                     (1)     Within ninety (90) days after the execution and
delivery of this Agreement, the Executive shall receive 10,000 shares of the
Company's Common Stock, $.10 par value. Such shares ("Restricted Stock") shall
vest fifty (50%) percent if the Executive is employed hereunder at the end of
the first year of the Employment Period, and one hundred (100%) percent if the
Executive is employed hereunder at the end of the second year of the Employment
Period, or immediately upon termination of Executive's employment by reason of
the Executive's death or disability, or by the Company other than for "Cause".
All title and interest to the Restricted Stock which does not vest shall revert
to the Company.

                     (2)     The Restricted Stock shall not be sold, transferred
or encumbered otherwise than by will or the laws of descent and distribution
during the Employment Period.

                     (3)     The Company shall, if permitted by the rules
governing registration statements on Form S-8, cause a registration statement on
Form S-8 covering the Restricted Stock to be filed with the Securities and
Exchange Commission prior to November 1, 2006 or within ninety (90) days of
termination of the Executive's employment if such termination occurs prior to
November 1, 2006.

                     (4)     If any law, regulation of the Securities and
Exchange Commission, or any regulation of any other commission or agency having
jurisdiction shall require the Company or the Executive to take any action with
respect to the Restricted Stock, then the date upon which the Company shall
deliver or cause to be delivered the certificate or certificates for the
Restricted Stock shall be postponed until full compliance has been made with all
such requirements of law or regulation.

                     (5)     Executive represents that the Restricted Stock will
be acquired in good faith for investment and not for resale or distribution, and
agrees that the Restricted Stock being so acquired will not be sold except in
compliance with applicable securities laws and, to the extent required, in
accordance with the volume and time and other restrictions of Rule 144 of the
Securities Act of 1933.

         (viii)      Stock Options.  Aeroflex shall grant to Executive options
                     -------------
to purchase 250,000 shares of its Common Stock, $.10 par value, in accordance
with the stock option agreement annexed hereto as Exhibit "A" and made a part
hereof.

           (ix)      Car Allowance.  The Company will provide the Executive with
                     -------------
a car allowance of One Thousand ($1,000) per month.

     3. TERMINATION OF EMPLOYMENT.
        -------------------------

                                       3
<PAGE>

        (a) Death or Disability.      The Executive's employment shall terminate
            -------------------
automatically upon the Executive's death during the Employment Period. If a
Disability (as defined below) of the Executive has occurred during the
Employment Period, the Company may give to the Executive written notice in
accordance with Section 12(b) of its intention to terminate the Executive's
employment. In such event, the Executive's employment with the Company shall
terminate effective on the 30th day after receipt of such notice by the
Executive (the "Disability Effective Date"); provided, that within the 30 days
after such receipt, the Executive shall not have returned to full-time
performance of the Executive's duties. For purposes of this Agreement,
"Disability" shall mean the Executive's inability to perform his duties and
obligations hereunder for a period of 90 consecutive days due to mental or
physical incapacity as determined by a physician selected by the Company or its
insurers and acceptable to the Executive or the Executive's legal representative
(such agreement as to acceptability not to be withheld unreasonably).

        (b)      Cause.  The Company may terminate the Executive's employment
                 -----
during the Employment Period for Cause or without Cause. For purposes of this
Agreement, "Cause" shall mean (i) a breach by the Executive of the Executive's
material obligations under Section 2(a) which is not cured within ten (10) days
of the receipt by the Executive of written notice thereof from the Company; (ii)
commission by the Executive of an act of fraud upon, or willful misconduct of a
material nature toward, the Company, as reasonably determined by a majority of
the Board, (iii) a material breach by the Executive of Section 6, 7 or 8; (iv)
the conviction of the Executive of any felony or any misdemeanor involving moral
turpitude (or a plea of nolo contendere thereto); (v) the Executive being found
liable in any civil proceeding for an act by the Executive constituting work
place harassment; or (vi) the willful and continuing failure of the Executive to
carry out, or comply with, in any material respect any reasonable directive of
the Board consistent with the terms of this Agreement.

        (c)      Termination for Good Reason by the Executive.  The Executive
                 --------------------------------------------
may terminate this Agreement for Good Reason and such termination shall
constitute a termination without Cause by the Company. "Good Reason" shall mean
the occurrence of a breach by the Company of its material obligations to the
Executive, which breach is not cured within ten (10) Business Days of the
receipt by the Company of written notice thereof from the Executive.

        (d)      Notice of Termination.  Any termination (i) by the Company,
                 ---------------------
whether for Cause or without Cause, or (ii) the Executive, whether or not for
Good Reason, shall be communicated by Notice of Termination (as defined below)
to the other party hereto given in accordance with Section 12(b). For purposes
of this Agreement, a "Notice of Termination" means a written notice which (i)
indicates the specific termination provision in this Agreement relied upon,(ii)
to the extent applicable, sets forth in reasonable detail the facts and
circumstances, if any, claimed to provide a basis for termination of the
Executive's employment under the provision so indicated and (iii) if the Date of
Termination (as defined below) is other than the date of receipt of such notice,
specifies the termination date. The failure by the Executive or the Company to
set forth in the Notice of Termination any fact or circumstance which
contributes to a showing of Cause shall not waive any right of the Executive or
the Company hereunder or preclude the Executive or the Company for asserting
such fact or

                                       4
<PAGE>

circumstance in enforcing the Executive's or the Company's rights hereunder.

        (e)      Date of Termination.  "Date of Termination" means (i) if the
                 -------------------
Executive's employment is terminated by the Company for Cause, the date of the
Notice of Termination or any later date specified therein, as the case may be;
(ii) if the Executive's employment is terminated by the Company other than for
Cause, the date on which the Company notifies the Executive of such termination
or any later date specified by the Board; and (iii) if the Executive's
employment is terminated by reason of death or Disability, the date of death of
the Executive or the Disability Effective Date, as the case may be.

     4. OBLIGATIONS OF THE COMPANY UPON TERMINATION.
        -------------------------------------------

        (a)      Without Cause.  If during the Employment Period, the Company
                 -------------
shall terminate the Executive's employment without Cause, the Company shall pay
to the Executive or his heirs (1) within ten (10) days after the Date of
Termination the sum of the Executive's Base Salary through the Date of
Termination to the extent not theretofore paid, plus all accrued vacation pay,
unreimbursed business expenses and other accrued but unpaid compensation
described in Section 2(b) above (the "Accrued Obligations"); (2) an amount equal
to the Executive's Base Salary for the one-year period immediately following the
Date of Termination, payable in such increments and at such intervals as is in
accordance with the Company's normal payroll practices, as if the Executive had
remained an employee of the Company through the expiration of such period; (3)
any amount arising from the Executive's participation in, or benefits under, any
Investment Plans ("Accrued Investments"), which amounts shall be payable in
accordance with the terms and conditions of such Investment Plans; (4) the
unpaid Bonus provided in Section 2(b)(ii) applicable for the year in which the
Date of Termination occurs; and (5) the members of the Executive's family shall
be entitled to continue and participate in the Company's Welfare Plans for said
one-year period.

        (b)      Death or Disability.  If the Executive's employment is
                 -------------------
terminated by reason of the Executive's death or Disability during the
Employment Period, the Company shall pay to his legal representatives (i) in a
lump sum in cash within twenty (20) days after the Date of Termination the
Accrued Obligations; (ii) the Accrued Investments which shall be payable in
accordance with the terms and conditions of the Investment Plans; and (iii) the
unpaid Bonus provided for in Section 2(b)(ii) applicable for the years in which
death or Disability occurs. In addition, the members of the Executive's family
shall be entitled to continue their participation at the Company's expense in
the Company's Welfare Plans for a period of 12 months after the Date of
Termination.

        (c)      Cause.  If the Executive's employment shall be terminated by
                 -----
the Company for Cause during the Employment Period, the Company shall have no
further payment obligations to the Executive other than for payment of Accrued
Obligations, Accrued Investments (which shall be payable in accordance with the
terms and conditions of the Investment Plans), and the continuance of benefits
under the Welfare Plans to the Date of Termination.

     5. FULL SETTLEMENT, MITIGATION. In no event shall the Executive be
        ---------------------------
obligated to seek

                                       5
<PAGE>

other employment or take any other action by way of mitigation of the amounts
payable to the Executive under any of the provisions of this Agreement and such
amounts shall not be reduced whether or not the Executive obtains other
employment. Neither the Executive nor the Company shall be liable to the other
party for any damages in addition to the amounts payable under Section 4 arising
out of the termination of the Executive's employment prior to the end of the
Employment Period; provided, however, that the Company shall be entitled to seek
damages for any breach of Sections 6, 7, or 8, or criminal misconduct.

     6. CONFIDENTIAL INFORMATION.
        ------------------------

        (a)      The Executive acknowledges that the Company and their
affiliates have trade, business and financial secrets and other confidential and
proprietary information (collectively, the "Confidential Information"). As
defined herein, Confidential Information shall not include (i) information that
is known to other persons or entities generally, (ii) information required to be
disclosed by the Executive pursuant to a subpoena or court order, or pursuant to
a requirement of a governmental agency or law of the United States of America or
a state thereof or any governmental or political subdivision thereof, and (iii)
information that the Executive possessed on or prior to the Effective Date.

        (b)      The Executive agrees (i) to hold such Confidential Information
in confidence and (ii) not to release such information to any person (other than
Company employees and other persons to whom the Company has authorized the
Executive to disclose such information and then only to the extent that such
Company employees and other persons authorized by the Company have a need for
such knowledge or to the Executive's attorneys, accountants and personal
representatives for purposes of representing the Executive).

        (c)      The Executive further agrees not to use any Confidential
Information for the benefit of any person or entity other than the Company or as
authorized by the Company.

        (d)      As used in this Section 6 and in Section 7 and 8, "Company"
shall include the Company and any of its subsidiaries.

     7. SURRENDER OF MATERIALS UPON TERMINATION. Upon any termination of the
        ---------------------------------------
the Executive's employment, the Executive shall immediately return to the
Company all copies, in whatever form, of any and all Confidential Information
and other properties of the Company and their affiliates which are in the
Executive's possession custody or control and shall cause any third parties to
whom he has entrusted such information whether or not in compliance with Section
6, to return such information to the Company.

     8. NON-COMPETITION. During the Employment Period, the Executive will not,
        ---------------
without the Company's express written consent, engage in any other employment or
business activity directly related to the business in which the Company is at
the time involved or actively considering becoming involved, nor will the
Executive engage in any other activities which conflict with his obligations to
the Company. During the Employment Period and (a) in the case of termination by
the Company for Cause or termination by the Executive without Good Reason, for
one year after the Date of Termination, (x) directly or indirectly, either as
principal, agent,

                                       6
<PAGE>

employee, consultant, officer, director, stockholder, or in any other capacity,
engage in or have a financial interest in, any business, or the relevant
division or subsidiary of any such business, which is competitive with the
business of the Company or any of its subsidiaries or affiliates, provided,
however, that the Executive's ownership of not more than two percent (2%) of the
outstanding stock of a publicly traded company shall not be prohibited by this
clause (x); (y) induce employees of the Company or any of its subsidiaries or
affiliates to join with the Executive in any capacity, direct or indirect, in
any business in which the Executive may be or become interested whether or not
competitive with the Company; or (z) solicit customers of the Company. If any
restriction set forth in this Section is found by any court of competent
jurisdiction to be unenforceable cause it extends for too long a period of time
or over too great a range of activities or in too broad a geographic areas, it
shall be interpreted to extend only over the maximum period of time, range of
activities or geographic areas as to which it may be enforceable.

     9. EFFECT OF AGREEMENT ON OTHER BENEFITS. The existence of this Agreement
        -------------------------------------
shall not prohibit or restrict the Executive's entitlement to full participation
in the executive compensation, employee benefit and other plans or programs
appertaining to his position in accordance with any policy or practice
established by the Board.

     10. OWNERSHIP AND DISCLOSURE OF INFORMATION, IDEAS, CONCEPTS, IMPROVEMENTS,
         -----------------------------------------------------------------------
DISCOVERIES AND INVENTIONS, AND ALL ORIGINAL WORKS OF AUTHORSHIP.  All
----------------------------------------------------------------
information, ideas, concepts, improvements, discoveries and inventions, whether
patentable or not, which are conceived, made, developed or acquired by the
Company or which are created by the Executive in the course and scope of his
employment or which are disclosed or made known to the Executive, individually
or in conjunction with others, during the Executive's employment by the Company
whether during or outside of usual working hours, and whether on the Company's
premises or not, and which relate to the Company's past, present or reasonably
anticipated business, products or services (including all such information
relating to research, formulations, processes, computer programs, simulations,
and data bases, manufacturing techniques, designs, financial and sales models
and other data, pricing and trading terms, evaluations, opinions,
interpretations, the identity of customers or their requirements or of key
contacts within the customer's organizations, or marketing and merchandising
techniques), operating and acquisition strategies, are and shall be (insofar s
the Executive is concerned) the sole and exclusive property of the Company.
Moreover, all drawings, memoranda, notes, records, files, correspondence,
drawings, manuals, models, specifications, computer programs, maps and all other
writings or materials of any type embodying any of such information, ideas,
concepts, improvements, discoveries and inventions are and shall be (insofar the
Executive is concerned) the sole and exclusive property of the Company.

     11. INDEMNIFICATION. The Company shall indemnify and hold harmless the
         ---------------
Executive from and against all liabilities and expenses (including amounts paid
in satisfaction of judgments, in compromise, as fines and penalties, and as
counsel fees) (collectively, "Losses") incurred by the Executive in connection
with the investigation, defense or disposition of any action, suit or other
proceeding in which the Executive may be involved or with which the Executive
may be threatened (whether arising out of or relating to matters asserted by
third parties or incurred or sustained by the Executive in the absence of a
third-party claim), by reason

                                       7
<PAGE>

of his being a director, officer or employee of the Company or of any subsidiary
or affiliate of the Company, or that arises out of or results from any act
taken, or any failure to act, by the Executive which was, in his good faith
judgment, in the best interests of the Company, whether within the course of
performance of his duties or otherwise; provided, however, that the Company
shall not be required to indemnify or hold the Executive harmless from any
Losses which arise out of or result from the Executive's gross negligence or
willful misconduct.

     12. MISCELLANEOUS.
         -------------

         (a)      This Agreement shall be governed by and construed in
accordance with the laws of the State of New York without reference to
principles of conflict of laws. The captions of this Agreement are not part of
the provisions hereof and shall have nor force or effect. Whenever the terms
"hereof", "hereby", "herein", or words of similar import are used in this
Agreement, they shall be construed as referring to this Agreement in its
entirely rather than to a particular section or provision, unless the context
specifically indicates to the contrary. Any reference to a particular "Section"
or "paragraph" shall be construed as referring to the indicated section or
paragraph of this Agreement unless the context indicates to the contrary. The
use of the term "including" herein shall be construed as meaning "including
without limitation." This Agreement may not be amended or modified otherwise
than by a written agreement executed by the parties hereto or their respective
successors and legal representatives.

         (b)      All notices, requests, consents, and other communications
under this Agreement shall be in writing and shall be delivered by hand,
overnight courier or given by electronic facsimile transmission or mailed by
first class, certified mail, return receipt requested, postage prepaid,
addressed as follows:

     If to the Executive:          Mr. John Adamovich, Jr.
     -------------------
                                   29 Eakins Road
                                   Manhasset, New York  11030
                                   Telecopier No.:  (516) 365-3078
                                   Telephone No.:  (516)  365-0507

     with a copy to:               Mr. Lee D. Unternam
                                   Kurzman, Karelsen & Frank, LLP
                                   230 Park Avenue
                                   New York, New York  10169
                                   Telecopier No.:  (212) 599-1759
                                   Telephone No.:  (212) 867-9500

     If to the Company:            Aeroflex Incorporated
     -----------------
                                   35 South Service Road
                                   P.O. Box 6022
                                   Plainview, New York  11803-0622
                                   Attention:  President
                                   Telecopier No.:  (516)  694-4823
                                   Telephone No.:  (516)  694-6700

                                       8
<PAGE>

     with a copy to:               Kramer, Coleman, Wactlar & Lieberman, P.C.
                                   100 Jericho Quadrangle, Suite 225
                                   Jericho, New York  11753
                                   Telecopier No.:  (516) 822-4824
                                   Telephone No.:  (516) 822-4820

or to such other address as either party shall have furnished to the other in
writing in accordance herewith. Notice and communications shall be effective
when actually received by the addressee.

         (c)      If any provision of this Agreement is held to be illegal,
invalid or unenforceable under present or future laws effective during the term
of this Agreement, such provision shall be fully severable; this Agreement shall
be construed and enforced as if such illegal, invalid or unenforceable provision
had never comprised a portion of this Agreement; and the remaining provisions of
this Agreement shall remain in full force and effect and shall not be affected
by the illegal, invalid or unenforceable provision or by its severance from this
Agreement.

         (d)      The Company may withhold from any amounts payable under this
Agreement such Federal, state or local taxes as shall be required to be withheld
pursuant to any applicable law or regulation.

         (e)      The Executive's or the Company's failure to insist upon strict
compliance with any provision of this Agreement or the failure to assert any
right the Executive or the Company may have hereunder shall not be deemed to be
a waiver of such provision or right or any other provision or right of this
Agreement.

         (f)      The Executive acknowledges that money damages would be both
incalculable and an insufficient remedy for a breach of Sections 6, 7 and 8 by
the Executive and that any such breach would cause the Company irreparable harm.
Accordingly, the Company, in addition to any other remedies at law or in equity
it may have, shall be entitled to seek equitable relief, including injunctive
relief and specific performance, in connection with a breach of Sections 6, 7
and 8 by the Executive.

         (g)      The provisions of this Agreement constitute the complete
understanding and agreement, and supersede and entirely replace any other
agreement, between the parties with respect to the subject matter hereof.

         (h)      This Agreement may be executed in two or more counterparts.

         (i)      As used in this Agreement, "affiliate" means, with respect to
a person, any other person controlling, controlled by or under common control
with the first person; the term "Control", and correlative terms, means the
power, whether by contract, equity ownership or otherwise, to direct the
policies or management of a person; and "person" means an individual,
partnership, corporation, limited liability company, trust or unincorporated
organization, or a

                                       9
<PAGE>

government or agency or political subdivision thereof.

         (j)      This Agreement is personal to the Executive and without the
prior written consent of the Company shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement
shall inure to the benefit of and be enforceable by the Executive's heirs,
successors, estate and legal representatives. This Agreement shall inure to the
benefit of and be binding upon the Company and its successors and assigns.

         (k)      The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

          IN WITNESS WHEREOF, the Executive has hereunto set the Executive's
hand and, pursuant to the authorization from the Board, the Company has caused
this Agreement to be executed in its name on its behalf, all as of the day and
year first above written.

                                       EXECUTIVE:

                                       /s/ John Adamovich, Jr.
                                       -------------------------------
                                       John Adamovich, Jr.

                                       AEROFLEX INCORPORATED

                                       By: /s/ Leonard Borow
                                         -----------------------------
                                          Leonard Borow, President

                                       10

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