Document:

EXHIBIT 10.5

THIS PROMISSORY NOTE IS BEING EXECUTED AND DELIVERED OUTSIDE OF THE STATE OF
FLORIDA. ACCORDINGLY, THIS PROMISSORY NOTE IS EXEMPT FROM DOCUMENTARY STAMP TAX
PURSUANT TO THE FLORIDA ADMINISTRATIVE CODE.

              AMENDED AND RESTATED MASTER REVOLVING PROMISSORY NOTE
              -----------------------------------------------------

$10,000,000.00                             EXECUTED AT _______________, GEORGIA
                                           DATED EFFECTIVE AS OF APRIL 30, 2001

         The undersigned, STREICHER MOBILE FUELING, INC., a Florida corporation
("Streicher Mobile"), STREICHER REALTY, INC., a Florida corporation, and
STREICHER WEST, INC., a California corporation (hereinafter collectively called
"Maker"), jointly and severally promise to pay to the order of BANKATLANTIC, a
Federal Savings Bank (hereinafter, together with any holder hereof, called
"Payee" or "Holder"), at its office at 1750 East Sunrise Boulevard, Fort
Lauderdale, Florida 33304, or at such other place as Payee may from time to time
designate, the principal sum of Ten Million and 00/100 Dollars ($10,000,000.00),
together with interest thereon from the date hereof at the interest rate set
forth below, which sums are to be repaid as follows:

         The proceeds of this Note shall be used for the purpose of supporting
         working capital requirements of the Maker, as more fully set forth in
         that certain Amended and Restated Loan Agreement executed by Maker and
         Payee, dated as of May 25, 1999, as amended by First Amendment to
         Amended and Restated Loan Agreement, dated as of December 22, 1999, as
         further amended by Second Amendment to Amended and Restated Loan
         Agreement dated effective as of even date herewith, as the same may be
         amended, restated or supplemented from time to time (collectively, the
         "Loan Agreement"), the terms and provisions of which are incorporated
         by reference herein. Advances effectuated hereunder (each advance under
         this Note hereinafter referred to as an "Advance") shall be made in
         accordance with and subject to the terms and provisions of the Loan
         Agreement. Each Advance hereunder shall bear interest at a variable
         interest rate of two percent (2%) above the "Prime Rate" (as defined
         herein) in effect on the date of the Advance, to be adjusted daily with
         any change in said Prime Rate to an interest rate of two percent (2%)
         above the Prime Rate then in effect. Payments of interest only on the
         outstanding principal balance shall be due and payable on a monthly
         basis, with the first payment due and owing on the 1st day of May,
         2001, with like payments of interest only due and payable on the 1st
         day of each month thereafter through and until the Maturity Date (as
         defined and set forth below). Interest charged under this Note shall be
         computed on the basis of a three hundred sixty (360) day year for the
         actual number of days elapsed. All payments hereunder shall be made in
         such coin or currency of the United States of America as at the time of
         payment shall be legal tender for the payment of public and private
         debts, and shall be applied first to interest and lawful charges then
         accrued and then to principal. All accrued and unpaid interest,
         together with the entire

                                                         PLEASE INITIAL ________

<PAGE>

         principal balance and all other applicable charges hereunder, shall be
         due and payable in full on April 30, 2002 (the "Maturity Date").

         NOTWITHSTANDING THE FOREGOING, IN THE EVENT THAT STREICHER MOBILE DOES
         NOT RECEIVE ADDITIONAL SUBORDINATED CONVERTIBLE DEBT OF NOT LESS THAN
         TWO HUNDRED SEVENTY-FIVE THOUSAND AND 00/100 DOLLARS ($275,000.00) BY
         NO LATER THAN MAY 31, 2001, AS EVIDENCED BY A SUBORDINATED CONVERTIBLE
         NOTE (OR OTHER DEBT INSTRUMENT) IN FORM AND CONTENT SATISFACTORY TO
         LENDER, IN ITS SOLE DISCRETION, THE SAME SHALL BE AND CONSTITUTE AN
         EVENT OF DEFAULT UNDER THE LOAN EVIDENCED BY THIS NOTE, PAYEE'S
         OBLIGATION TO EFFECTUATE FURTHER ADVANCES UNDER THIS NOTE SHALL
         IMMEDIATELY TERMINATE AND THE OUTSTANDING PRINCIPAL AND ALL ACCRUED AND
         UNPAID INTEREST AND CHARGES ON THIS NOTE SHALL BE DUE AND PAYABLE IN
         FULL ON MAY 31, 2001.

         The interest rate charged hereunder shall change on the date that Payee
changes its announced Prime Rate, to the aforesaid two percent (2%) above the
Prime Rate established on such date, and, shall be the effective rate until the
next date that the Prime Rate announced by Payee is changed. "Prime Rate" shall
mean that certain rate of interest announced from time to time by Payee as its
Prime Rate, which rate is purely discretionary and is not necessarily the best
or lowest rate charged to borrowing customers of Payee. Payee shall not be
required to notify Maker of any changes in the Prime Rate, which shall be
reflected solely by the billing thereof to Maker. Regardless of the above, said
interest rate shall never exceed the maximum rate permitted by applicable law.

         In order to compensate Payee for loss and expense occasioned by
handling delinquent payments, which include, but are not limited to, the cost of
processing and collecting delinquencies, Maker shall pay to Payee, in addition
to any interest or other sums payable under this Note, a service charge equal to
five percent (5%) of the amount of any payment not received by Payee within five
(5) days of the due date thereof.

         This Note may be prepaid in whole or in part at any time without
premium or penalty.

         From and after the date upon which any payment of principal or interest
hereunder becomes due and payable (whether by acceleration or otherwise) if the
same is not timely paid, or upon the occurrence of any other default under this
Note or any default under any of the Loan Documents, interest shall be payable
on all sums outstanding hereunder at the maximum rate permitted by applicable
law (the "Default Rate"), and shall be due and payable ON DEMAND. Any judgment
obtained by Payee against Maker as to any amounts due under this Note shall also
bear interest at the Default Rate.

         This Note is secured by certain security documents encumbering the
property described therein, including, without limitation, the following:

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                                      -2-
<PAGE>

         A.    Security Agreements, as amended and reaffirmed.
         B.    UCC-1 Financing Statements.
         C.    The Loan Agreement.
         D.    Amended and Restated Security, Cash Collateral Account and
               Lockbox Agreement.
         E.    Deed of Trust, Assignment of Leases and Rents and Security
               Agreement.
         F.    Associated affidavits, disclosures and miscellaneous loan
               documentation.

This Note, the Loan Agreement, all documents listed above, and any other
documents previously, now or hereafter executed in connection with this Note, as
the same may be amended, extended, renewed or restated from time to time, are
hereinafter collectively referred to as the "Loan Documents".

         In the event of the continuation of any default in the payment of any
interest or principal under this Note for a period of ten (10) days after such
payment becomes due, or upon the occurrence of any other event of default under
the terms and provisions of this Note, the Loan Agreement, or any of the Loan
Documents, or any other documents delivered to Payee in connection with this
Note, or any other obligation of Maker to Payee, then Payee may declare the
entire unpaid principal amount outstanding hereunder, together with interest
accrued thereon and any other lawful charges accrued hereunder, immediately due
and payable.

         Maker and any endorsers, sureties, guarantors, and all others who are,
or at some future date may become, liable for the payments required hereunder
grant a continuing first lien security interest in and to, and authorize Payee,
in its sole discretion at any time after an event of default hereunder, in such
order as Payee may elect, to apply to the payment of obligations due and owing
hereunder, or to the payment of any and all indebtedness, liabilities and
obligations of such parties to Payee, whether now existing or hereafter created,
any and all monies, general or specific deposits, or collateral of whatsoever
nature of any of the above noted parties, now or hereafter in the possession of
Payee. All property described in this paragraph above, along with all property
secured by the Loan Documents, including all proceeds thereof and rights in
connection therewith, together with additions and substitutions, are hereinafter
collectively referred to as the "Collateral".

         Additions to, releases, reductions, or exchanges of or substitutions
for the Collateral, payments on account of this Note, or increases of the same,
or other loans made partially or wholly upon the Collateral, may from time to
time be made without affecting the provisions of this Note or the liabilities of
any party hereto. If any of the Collateral is personal property, Payee shall
exercise reasonable care in the custody and preservation of the Collateral in
its possession, and shall be deemed to have exercised reasonable care if it
takes such action for that purpose as Maker shall reasonably request in writing,
but no omission to comply with any request of Maker shall of itself be deemed a
failure to exercise reasonable care. Payee shall not be bound to take any steps
necessary to preserve any rights in the Collateral against prior parties, and
Maker shall take all necessary steps for such purposes. Payee or its nominee
need not collect interest on or principal of any Collateral or give any notice
with respect thereto.

                                                         PLEASE INITIAL ________

                                      -3-
<PAGE>

         In the event the Payee hereof has reason to deem itself insecure or
upon the happening of any of the following events, each of which shall
constitute a default hereunder, all sums due hereunder shall thereupon or
thereafter, at Payee's option, without notice or demand, become immediately due
and payable: (a) failure of any Obligor (which term shall mean and include each
Maker, Endorser, Surety, Guarantor or other party liable for payment of or
pledging collateral or security under this Note) to pay any sum due hereunder
within ten (10) days of its due date or due by any Obligor to Payee under any
other Promissory Note or under any security instrument or written obligation of
any kind now existing or hereafter created subject to any cure period(s) set
forth therein, if any; (b) occurrence of default under any of the Loan Documents
or any other loan agreement or security instrument now or hereafter in effect
which by its terms covers this Note or the indebtedness evidenced hereby subject
to any cure period(s) set forth therein, if any; (c) death of any Obligor; (d)
filing of any petition under the Bankruptcy Code or any similar federal or state
statute by or against any Obligor or the insolvency of any Obligor; (e) making
of a General Assignment by any Obligor for the benefit of creditors, appointment
of or taking possession by a receiver, trustee or custodian or similar official
for any Obligor or for any assets of any such Obligor or institution by or
against any Obligor of any kind of insolvency proceedings or any proceeding for
dissolution or liquidation of any Obligor; (f) entry of a judgment against any
Obligor in excess of $50,000.00 or which is not satisfied or transferred to bond
within thirty (30) days of entry; (g) material falsity in any certificate,
statement, representation, warranty or audit at any time furnished to the Payee
by or on behalf of any Obligor pursuant to or in connection with this Note, the
Loan Documents or any loan agreement or Security Agreements now or hereafter in
effect, which by its terms covers this Note for the indebtedness evidenced
hereby or otherwise including any omission to disclose any substantial
contingent or liquidated liabilities or any material adverse change in any facts
disclosed by any certificate, statement, representation, warranty or audit
furnished to Payee; (h) issuance of any writ of attachment or writ of
garnishment or filing of any lien against any collateral securing payment of
this Note or the property of any Obligor, which attachment or writ is not
satisfied or otherwise removed within thirty (30) days of issuance, and in the
case of a lien, which lien is not satisfied or transferred to bond within thirty
(30) days of filing of the same; (i) taking of possession of any material
collateral securing payment of this Note or of any substantial part of the
property of any Obligor at the instance of any governmental authority; (j)
dissolution, merger, consolidation, or reorganization of any Obligor; (k)
assignment or sale by any Obligor of any equity in any collateral securing
payment of this Note without the prior written consent of Payee, excepting for
sales of trucks, including all equipment located thereon and attached thereto,
provided that such trucks are not encumbered by a first priority lien in favor
of the Payee, and constitute sales occurring in the normal and ordinary course
of business of said Obligor; or (l) cancellation of any guaranty with respect
hereto without the prior written consent of the Payee hereof.

         Payee shall have all of the rights and remedies of a creditor,
mortgagee and secured party under all applicable law. Without limiting the
generality of the foregoing, upon the occurrence of any uncured event of default
hereunder or in the event Payee, at any time, deems itself insecure, Payee may,
at its option, and without notice or demand (i) declare the entire unpaid
principal and accrued interest accelerated and due and payable at once, together
with any and all other liabilities of Maker or any of such liabilities selected
by Payee; and (ii) set-off against this Note all monies owed by Payee in any
capacity to Maker, whether or not due, and also set-off against all other

                                                         PLEASE INITIAL ________

                                      -4-
<PAGE>

liabilities of Maker to Payee all monies owed by Payee in any capacity to Maker,
and Payee shall be deemed to have exercised such right of set-off, and to have
made a charge against any such money immediately upon the occurrence of such
default, although made or entered on the books subsequent thereto. To the extent
that any of the Collateral is personal property and Payee elects to proceed with
respect to it in accordance with the Uniform Commercial Code then, unless that
collateral is perishable or threatens to decline speedily in value, or is of a
type customarily sold on a recognized market, Payee will give Maker reasonable
notice of the time and place of any public or private sale thereof. The
requirement of reasonable notice shall be met if such notice is, at the option
of Payee, hand delivered, sent via expedited courier, or mailed, postage
pre-paid to Maker, at the address given to Payee by Maker, or at any other
address shown on the records of Payee at least five (5) days before the time of
sale. Upon disposition of any Collateral after the occurrence of any default
hereunder, Maker shall be and shall remain liable for any deficiency; and Payee
shall account to Maker for any surplus, but Payee shall have the right to apply
all or part of such surplus (or to hold the same as reserve) against any and all
other liabilities of Maker to Payee.

         Payee may, at any time, whether or not this Note is due: (i) pledge or
transfer this Note and its interest in the Collateral, and the pledgee or the
transferee shall, for all purposes, stand in the place of Payee and have all the
rights of Payee set forth herein; (ii) transfer the whole or any part of the
Collateral into the name of itself or its nominee; (iii) vote the Collateral;
(iv) notify Maker to make payment to Payee of any amounts due or to become due
thereon; (v) demand, sue for, collect, or make any compromise or settlement it
deems desirable with reference to the Collateral; (vi) take possession or
control of any proceeds of the Collateral; and (vii) exercise all other rights
necessary or required, in Payee's discretion, in order to protect its interests
hereunder. Items (ii) through (vi) shall be applicable only after the occurrence
of a default under this Note or under any of the Loan Documents.

         In no event shall Payee be entitled to unearned or unaccrued interest
or other charges or rebates, except as may be authorized by law, and should any
interest or other charges paid by Maker or other parties liable for the payment
of this Note result in the computation or earning of interest in excess of the
maximum rate of interest that is legally permitted under applicable law, then
any and all such excess shall be and the same is hereby waived by Payee, and any
and all such excess shall be automatically credited against and reduce the
balance due under this indebtedness, and the portion of said excess which
exceeds the balance due under this indebtedness, shall be paid by Payee to Maker
and parties liable for the payment of this Note. Payee may, in determining the
maximum rate permitted under applicable law in effect from time to time, take
advantage of (i) the maximum rate of interest permitted under Florida law or
federal law, whichever is higher, including any laws regarding parity among
lenders; and (ii) any other law, rule or regulation in effect from time to time
available to Payee, which exempts Payee from any limit upon the rate of interest
it may charge, or grants to Payee the right to charge a higher rate of interest
than that permitted by Chapter 687, Florida Statutes.

         The provisions of this Note and the Loan Documents shall be construed
according to the internal laws (and not the laws of conflicts) of the State of
Florida; except as set forth above, if Federal law would allow the payment of
interest hereunder at a higher maximum rate than would be

                                                         PLEASE INITIAL ________

                                      -5-
<PAGE>

applicable under Florida law, in which case such Federal law shall apply to the
determination of the highest applicable lawful rate of interest hereunder.

         No delay or omission on the part of Payee in exercising any right
hereunder shall operate as a waiver of such right or of any other rights under
this Note. Presentment, demand, protest, notice of dishonor and all other
notices are hereby waived by Maker. Maker promises and agrees to pay all costs
of collection and attorneys' fees, which shall include reasonable attorneys'
fees in connection with any suit, out of court, in trial, on appeal, in
bankruptcy proceedings or otherwise, incurred or paid by Payee in enforcing this
Note or preserving any right or interest of Payee set forth herein. Any notice
to Maker shall be sufficiently served for all purposes if placed in the mail,
postage prepaid, addressed to, or left upon the premises at the address of Maker
as provided to Payee.

         This Note is not assumable without Payee's prior written consent, which
consent may be granted by Payee or denied by Payee, in Payee's sole and absolute
discretion.

         Maker agrees that Broward County, Florida shall be the proper venue for
any and all legal proceedings arising out of this Note or any of the Loan
Documents.

         THIS PROMISSORY NOTE AMENDS, RESTATES, AND REPLACES THAT CERTAIN
AMENDED AND RESTATED MASTER REVOLVING PROMISSORY NOTE IN THE PRINCIPAL AMOUNT OF
TEN MILLION AND 00/100 DOLLARS ($10,000,000.00) EXECUTED BY MAKER IN FAVOR OF
PAYEE DATED AS OF DECEMBER 22, 1999 (THE "ORIGINAL NOTE"). THIS PROMISSORY NOTE
DOES NOT CONSTITUTE AN EXTINGUISHMENT OR A NOVATION OF THE DEBT EVIDENCED BY THE
ORIGINAL NOTE, BUT MERELY CONSTITUTES AN AMENDMENT AND RESTATEMENT OF THE SAME,
SUCH THAT THE LIENS OF ANY EXISTING LOAN DOCUMENTS SECURING THE ORIGINAL NOTE
ARE NOT AFFECTED OR IMPAIRED BY THE EXECUTION OF THIS AMENDED AND RESTATED
MASTER REVOLVING PROMISSORY NOTE. THE ORIGINAL NOTE IS ATTACHED TO THIS
PROMISSORY NOTE.

         THIS NOTE IS CROSS-DEFAULTED AND CROSS-COLLATERALIZED WITH THAT CERTAIN
ONE HUNDRED THOUSAND AND 00/100 DOLLAR ($100,000.00) TERM LOAN EVIDENCED BY THAT
CERTAIN PROMISSORY NOTE DATED AS OF APRIL 19, 2001, EXECUTED BY MAKER IN FAVOR
OF PAYEE (THE "TERM NOTE"), SUCH THAT A DEFAULT UNDER THIS NOTE SHALL BE AND
CONSTITUTE A DEFAULT UNDER THE TERM NOTE AND A DEFAULT UNDER THE TERM NOTE SHALL
BE AND CONSTITUTE A DEFAULT UNDER THIS NOTE.

         WAIVER OF TRIAL BY JURY. MAKER AND PAYEE HEREBY MUTUALLY, KNOWINGLY,
WILLINGLY, INTENTIONALLY AND VOLUNTARILY WAIVE THEIR RIGHT TO TRIAL BY JURY AND
NO PARTY, NOR ANY ASSIGNEE, SUCCESSOR, HEIR, OR LEGAL REPRESENTATIVE OF THE
PARTIES (ALL OF WHOM ARE HEREINAFTER REFERRED TO AS THE "PARTIES") SHALL SEEK A
JURY TRIAL IN ANY LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER LITIGATION
PROCEEDING BASED UPON OR ARISING OUT OF THIS NOTE OR THE LOAN DOCUMENTS, OR ANY

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                                      -6-
<PAGE>

INSTRUMENT EVIDENCING, SECURING, OR RELATING TO THE INDEBTEDNESS AND OTHER
OBLIGATIONS EVIDENCED HEREBY OR ANY RELATED AGREEMENT OR INSTRUMENT, ANY OTHER
COLLATERAL FOR THE INDEBTEDNESS EVIDENCED HEREBY OR ANY COURSE OF ACTION, COURSE
OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN) OR ACTIONS RELATING TO THE
LOAN OR TO THIS NOTE. THE PARTIES ALSO WAIVE ANY RIGHT TO CONSOLIDATE ANY ACTION
IN WHICH A JURY TRIAL HAS BEEN WAIVED, WITH ANY OTHER ACTION IN WHICH A JURY
TRIAL HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN FULLY
NEGOTIATED BY THE PARTIES. THE WAIVER CONTAINED HEREIN IS IRREVOCABLE,
CONSTITUTES A KNOWING AND VOLUNTARY WAIVER, AND SHALL BE SUBJECT TO NO
EXCEPTIONS. PAYEE HAS IN NO WAY AGREED WITH OR REPRESENTED TO MAKER OR ANY OTHER
PARTY THAT THE PROVISIONS OF THIS PARAGRAPH WILL NOT BE FULLY ENFORCED IN ALL
INSTANCES.

                              STREICHER MOBILE FUELING, INC., a Florida
                              corporation

                              By: /s/ WALTER B. BARRETT
                                  ----------------------------------------------
                                  WALTER B. BARRETT, Vice President of Finance

                                                (Corporate Seal)

                              STREICHER REALTY, INC., a Florida corporation

                              By: /s/ WALTER B. BARRETT
                                  ----------------------------------------------
                                  WALTER B. BARRETT, Vice President of Finance

                                                (Corporate Seal)

                              STREICHER WEST, INC., a California corporation

                              By: /s/ WALTER B. BARRETT
                                  ----------------------------------------------
                                  WALTER B. BARRETT, Vice President of Finance

                                                (Corporate Seal)

                                      -7-
<PAGE>

STATE OF GEORGIA
COUNTY OF _________________

         THE FOREGOING INSTRUMENT WAS EXECUTED BEFORE ME, the undersigned, a
Notary Public in and for the State of Georgia, this ___ day of __________, 2001,
by WALTER B. BARRETT, as Vice President of Finance of and on behalf of each of
STREICHER MOBILE FUELING, INC., a Florida corporation, STREICHER REALTY, INC., a
Florida corporation, and STREICHER WEST, INC., a California corporation, who |_|
is personally known to me or |_| produced his driver's license as
identification.

                                  ___________________________________________
                                  Notary Public - State and County Aforesaid

                                  Print Name: _______________________________

                                  My Commission Expires: ____________________

                                  Commission Number: ________________________

                                  (Signing as a notary public and not as a maker
                                  or endorser of this Note.)

                                                         PLEASE INITIAL ________

                                      -8-EXHIBIT 10.7

                              EMPLOYMENT AGREEMENT
                              --------------------

      THIS EMPLOYMENT AGREEMENT ("Agreement") is made and entered into as of
October 26, 2000 (the "Effective Date"), by and between Streicher Mobile
Fueling, Inc., a Florida corporation (the "Company"), and Richard E. Gathright
(the "Employee").

                                    Recitals
                                    --------

      The Company desires to obtain the personal services of the Employee as
President and Chief Executive Officer of the Company, and the Employee is
willing to make his services available to the Company, on the terms and
conditions hereinafter set forth;

                                    Agreement
                                    ---------

      NOW, THEREFORE, in consideration of the premises and mutual covenants set
forth herein, the parties agree as follows:

      1.     Employment.

      1.1 Employment and Term. The Company hereby agrees to employ the Employee
and the Employee hereby agrees to serve the Company, on the terms and conditions
set forth herein, for the period commencing on the Effective Date and continuing
through October 31, 2003, unless sooner terminated in accordance with the terms
and conditions hereof (the "Term"). The Term may be renewed only by mutual
written agreement of the Employee and the Company.

      1.2 Duties of Employee. The Employee shall serve as the President and
Chief Executive Officer of the Company, shall have and exercise general
responsibility for the business of the Company and shall have powers and
authority superior to any other officer or employee of the Company or of any
subsidiary of the Company. The Employee shall also have such other powers and
duties as may from time to time be delegated to him by the Company's Board of
Directors (the "Board"), provided that such duties are consistent with his
position. The Employee shall report to the Board. The Employee shall devote
substantially all his working time and attention to the business and affairs of
the Company (excluding any vacation and sick leave to which the Employee is
entitled), render such services to the best of his ability, and use his best
efforts to promote the interests of the Company. So long as such activities do
not interfere with the performance of the Employee's responsibilities as an
employee of the Company in accordance with this Agreement, it shall not be a
violation of this Agreement for the Employee to (i) serve on corporate, civic or
charitable boards or committees, (ii) deliver lectures or fulfill speaking
engagements; (iii) manage personal investments; or (iv) participate in such
continuing legal education seminars or other activities required for the
Employee to maintain his license to practice law.

      1.3 Place of Performance. In connection with his employment by the
Company, the Employee shall be based at the Company's offices in Fort
Lauderdale, Florida or another mutually agreed location, except for travel
necessary in connection with the Company's business.

                                  CONFIDENTIAL
<PAGE>

      1.4 Directorship. It is the intention of the Board that the Employee serve
as a Director of the Company and that he be appointed or elected as a Director
as soon as practicable after the Effective Date. The Company agrees to take such
action (including, if necessary, calling a special meeting of shareholders to
increase the size of the Board) as may be necessary for such purpose.

      2.     Compensation.

      2.1 Base Salary. Commencing on the Effective Date of this Agreement, the
Employee shall receive a base salary at the annual rate of Three Hundred
Thousand Dollars ($300,000) (the "Base Salary") during the Term, payable in
installments consistent with the Company's normal payroll schedule, subject to
applicable withholding and other taxes.

      2.2 Incentive Compensation. The Employee shall be entitled to receive such
bonus payments or incentive compensation as may be determined at any time or
from time to time by the Board in its discretion. Without limiting the
generality of the foregoing, during the Term, the Employee shall be entitled to
participate in an annual management incentive bonus pool ("Bonus Pool") equal to
ten percent (10%) of Company's Pre-tax Earnings. For purposes of this Section,
the term "Pre-tax Earnings" means the Company's earnings before income taxes, as
determined in accordance with generally accepted accounting principles,
consistently applied with the Company's past practices, and as reflected in the
Company's audited financial statements for the relevant fiscal year. If the
Company does not achieve positive Pre-tax Earnings for any fiscal year, no Bonus
Pool shall be established for such fiscal year. The Bonus Pool shall be
allocated among Employee and such other officers of the Company as are
recommended by the Employee and approved by the Board. The Board of Directors,
in its sole discretion, shall determine the allocation of Bonus Pool funds among
the eligible participants; provided, that the entire balance of the Bonus Pool
shall be allocated each year. The portion of the Bonus Pool payable to the
Employee with respect to any fiscal year (net of any tax or other amount
properly withheld therefrom) shall be paid by the Company within ninety (90)
days after the end of the fiscal year. The amount payable pursuant to this
Section 2.2 for any fiscal year during which the Term expires or this Agreement
is terminated shall be prorated and payable only with respect to the portion of
the fiscal year during which the Employee was employed by the Company. No amount
shall be payable pursuant to this Section 2.2 with respect to any fiscal year
during which the Executive's employment is terminated by the Company for Cause,
or by the Employee as a result of his voluntarily resignation.

      2.3    Stock Options.

             (a) As soon as reasonably practical, Employee will receive a grant
of options to purchase 500,000 shares of the Company's common stock (the
"Options"), at an exercise price equal to the fair market value of the Company's
common stock as of the date of grant.

             (b) The Options shall be granted pursuant to a stock option
agreement between the Company and the Employee (the "Stock Option Agreement")
which shall contain terms and conditions consistent with those applicable to
stock options heretofore granted under the Streicher Mobile Fueling, Inc. Stock
Option Plan; provided, however, that the Options: (i) shall

                                  CONFIDENTIAL

                                      -2-
<PAGE>

have a term expiring on the tenth anniversary of the Effective Date (the "Option
Expiration Date"); (ii) subject to termination of the Options prior to vesting
as provided in clause (iii) below, the Options shall vest and become exercisable
(A) to the extent of 33.33% of the Options, on the Effective Date, (B) with
respect to an additional 33.33% of the Options, on October 25, 2002, and (C)
with respect to the remaining 33.34% of the Options, on October 25, 2003; (iii)
to the extent not previously vested and exercised pursuant to their terms, the
Options shall terminate upon the earlier to occur of: (A) twelve (12) months
after the termination of the Employee's employment hereunder pursuant to Section
4.2 by reason of the Employee's disability, or pursuant to Section 4.3 by reason
of his death, or following expiration of the Term (including any extensions
thereto or renewals thereof) or such other date as Employee ceases to render
services to the Company pursuant to an employment contract or other agreement
with the Company, (B) eighteen (18) months after the termination of the
Employee's employment hereunder pursuant to Section 4.4 by the Company without
Cause, (C) ninety (90) days after the date the Employee's employment hereunder
is terminated by the Employee pursuant to Section 4.5, (D) thirty (30) days
after the date the Employee's employment hereunder is terminated by the Company
for Cause pursuant to Section 4.1, and (E) the Option Expiration Date; (iv)
shall be incentive stock options to the extent allowed by applicable tax rules
and regulations; and (v) shall become fully vested and exercisable upon a
"change of control" of the Company. The Stock Option Agreement shall provide
that the Employee shall not sell, transfer or otherwise dispose of any shares of
the Company's common stock issued upon the exercise of any of the Options prior
to October 26, 2001.

      3.     Expense Reimbursement and Other Benefits.

      3.1 Expense Reimbursement. During the Term, the Company, in accordance
with expense reimbursement policies and procedures in effect for the Company's
employees from time to time, shall reimburse the Employee for all documented
reasonable expenses actually paid or incurred by the Employee in the course of
and pursuant to the business of the Company. In addition, the Company shall
reimburse the Employee for all documented reasonable expenses actually paid or
incurred by the Employee for continuing legal education seminars or other
activities required for the Employee to maintain his license to practice law.

      3.2 Other Benefits. During the Term, the Company shall make available to
the Employee such benefits and perquisites as are generally provided by the
Company to its senior management, including but not limited to participation in
any group life, medical, health, dental, disability or accident insurance,
pension plan, 401(k) savings and investment plan, profit-sharing plan, employee
stock purchase plan, incentive compensation plan or other such benefit plan or
policy, if any, which may presently be in effect or which may hereafter be
adopted by the Company for the benefit of its senior management or its employees
generally, in each case subject to and on a basis consistent with the terms,
conditions and overall administration of such plan or arrangement; provided,
however, that the Company shall waive any existing eligibility requirements for
participation in such plans or arrangements to the extent allowed by the
applicable rules and regulations governing the same.

                                  CONFIDENTIAL

                                      -3-
<PAGE>

      3.3 Vacation. During the Term, the Employee shall be entitled to paid
vacation in accordance with the policies, programs and practices of the Company
generally applicable to its senior management; provided, however, that Employee
shall be entitled to not less that three weeks of paid vacation per contract
year during the Term.

      3.4 Relocation Expenses. The Company shall reimburse the Employee for all
documented reasonable and customary expenses actually paid or incurred by the
Employee in connection with his relocation to the Fort Lauderdale, Florida area,
including temporary housing and living expenses and expenses incurred to move
the personal belongings of the Employee and his family. Employee shall make all
reasonable efforts to relocate as soon as practical after the Effective Date.
The Company shall assume the tax liability, if any, of Employee associated with
such temporary and relocation expenses.

      4.     Termination.

      4.1 Termination for Cause. Notwithstanding anything contained to the
contrary in this Agreement, this Agreement and the Employee's employment
hereunder may be terminated by the Company for Cause. As used in this Agreement,
"Cause" shall mean (i) subject to the following sentences, any action or
omission of the Employee which constitutes (A) a breach of any of the provisions
of Section 6. of this Agreement, (B) a breach by the Employee of his fiduciary
duties and obligations to the Company, or (C) the Employee's failure or refusal
to follow any lawful directive of the Board, in each case which act or omission
is not cured (if capable of being cured) within ten (10) days after written
notice of same from the Company to the Employee, or (ii) conduct constituting
fraud, embezzlement, misappropriation or gross dishonesty by the Employee in
connection with the performance of his duties under this Agreement, or a
conviction of the Employee of, a felony (other than a traffic violation) or, if
it shall damage or bring into disrepute the business, reputation or goodwill of
the Company or impair the Employee's ability to perform his duties with the
Company, any crime involving moral turpitude. The Employee shall be given a
written notice of termination for Cause specifying the details thereof. Upon any
termination pursuant to this Section 4.1, the Employee shall only be entitled to
his Base Salary through the date of termination, reimbursement for all expenses
described in Section 3.1 of this Agreement and incurred prior to the date of
termination, and any other compensation and benefits provided in accordance with
Section 3.2 hereof. Upon making such payments, the Company shall have no further
liability hereunder.

      4.2 Disability. Notwithstanding anything contained in this Agreement to
the contrary, the Company, by written notice to the Employee, shall at all times
have the right to terminate this Agreement and the Employee's employment
hereunder if the Employee shall, as the result of mental or physical incapacity,
illness or disability, fail or be unable to perform his duties and
responsibilities provided for herein in all material respects for a period of
more than sixty (60) days in any 12-month period. Upon any termination pursuant
to this Section 4.2, (i) within thirty (30) days after the date of termination,
the Company shall pay the Employee any unpaid amounts of his Base Salary accrued
prior to the date of termination and shall reimburse Employee for all expenses
described in Section 3.1 of this Agreement and incurred prior to the date of
termination, and (ii) in lieu of any further Base Salary, incentive compensation
or other benefits or payments to the Employee for periods subsequent to the date
of termination the

                                  CONFIDENTIAL

                                      -4-
<PAGE>

Company shall pay to the Employee the Severance Payments specified in Section
5.1. Upon making such payments, the Company shall have no further liability
hereunder; provided, that the Employee shall be entitled to receive any amounts
then payable pursuant to any employee benefit plan, life insurance policy or
other plan, program or policy then maintained or provided by the Company to the
Employee in accordance with Section 3.2 hereof and under the terms thereof.

      4.3 Death. In the event of the death of the Employee during the term of
his employment hereunder, this Agreement shall terminate on the date of the
Employee's death. Upon any termination pursuant to this Section 4.3, (i) within
thirty (30) days after the date of termination, the Company shall pay to the
estate of the Employee any unpaid amounts of his Base Salary accrued prior to
the date of termination and reimbursement for all expenses described in Section
3.1 of this Agreement and incurred by Employee prior to his death, and (ii) in
lieu of any further Base Salary, incentive compensation or other benefits or
payments to the estate of the Employee for periods subsequent to the date of
termination the Company shall pay to the estate of the Employee the Severance
Payments specified in Section 5.1. Upon making such payments, the Company shall
have no further liability hereunder; provided, that the Employee's spouse,
beneficiaries or estate, as the case may be, shall be entitled to receive any
amounts then payable pursuant to any employee benefit plan, life insurance
policy or other plan, program or policy then maintained or provided by the
Company to the Employee in accordance with Section 3.2 hereof and under the
terms thereof.

      4.4 Termination Without Cause. At any time the Company shall have the
right to terminate this Agreement and the Employee's employment hereunder by
written notice to the Employee. Upon any termination pursuant to this Section
4.4, (i) within thirty (30) days after the date of termination, the Company
shall pay the Employee any unpaid amounts of his Base Salary accrued prior to
the date of termination and shall reimburse Employee for all expenses described
in Section 3.1 of this Agreement and incurred prior to the date of termination,
and (ii) in lieu of any further Base Salary, incentive compensation or other
benefits or payments to the Employee for periods subsequent to the date of
termination the Company shall pay to the Employee the Severance Payments
specified in Section 5.1. There shall be no reduction in or offset to such
Severance Payments by the Company for any reason, and upon making such payments,
the Company shall have no further liability hereunder; provided, that the
Employee shall be entitled to receive any amounts then payable pursuant to any
employee benefit plan, life insurance policy or other plan, program or policy
then maintained or provided by the Company to the Employee in accordance with
Section 3.2 and under the terms thereof.

      4.5 Voluntary Resignation. The Employee may, upon not less than thirty
(30) days' written notice to the Company, resign and terminate his employment
hereunder. In the event the Employee resigns as an employee of the Company, he
shall be entitled to receive only such payment(s) as he would have received had
he been terminated pursuant to Section 4.1 hereof. The Employee shall give the
Company not less than thirty (30) days prior written notice of his intention to
resign.

                                  CONFIDENTIAL

                                      -5-
<PAGE>

      5.     Severance Payments.

      5.1 Amount of Benefit. Upon any termination of this Agreement pursuant to
Section 4.4, the Company shall continue to pay the Employee (or shall pay his
estate, in the event of his death), until the later of (A) eighteen (18) months
following the date of termination, or (B) the end of the Term, an amount equal
to the installments of his Base Salary (at the rate in effect at the date of
termination) that would have been paid to the Employee had this Agreement and
his employment hereunder not been terminated (the "Severance Payments");
provided, that in the event of any termination of this Agreement pursuant to
Section 4.2 or 4.3, the Severance Payments shall be made for six (6) months
following the date of termination.

      5.2 Lump Sum Payment. At the Company's option, the Severance Payments (or
any remaining installments thereof) may be discharged in full by delivering to
the Employee (or the estate of the Employee) a lump sum payment by bank or
cashiers cashier's check in an amount equal to the present value of the flow of
cash payments (or remaining installments thereof) that would otherwise be paid
to the Employee pursuant to Section 5.1. Such present value shall be determined
as of the date of delivery of the lump sum payment by the Company and shall be
based on a discount rate equal to the interest rate of 90-day U.S. Treasury
bills, as reported in The Wall Street Journal (or similar publication), on the
third business day prior to the delivery of the lump sum payment.

      6.     Restrictive Covenants.

      6.1 Nondisclosure. (a) The Employee agrees that he shall not divulge,
communicate, use to the detriment of the Company or for the benefit of any other
person or persons, or misuse in any way, any Confidential Information (as
hereinafter defined) pertaining to the business of the Company. Any Confidential
Information or data now or hereafter acquired by the Employee with respect to
the business of the Company (which shall include, but not be limited to,
information concerning the Company's financial condition, prospects, technology,
customers and marketing and promotion of the Company's services) shall be deemed
a valuable, special and unique asset of the Company that is received by the
Employee in confidence and as a fiduciary, and the Employee shall remain a
fiduciary to the Company with respect to all of such information. For purposes
of this Agreement, "Confidential Information" means information disclosed to the
Employee or known by the Employee as a consequence of or through his employment
by the Company (including information conceived, originated, discovered or
developed by the Employee), and not generally known or available, about the
Company or its business. Notwithstanding the foregoing, nothing herein shall be
deemed to restrict the Employee from disclosing Confidential Information to the
extent required by law.

      (b) The Employee agrees to (i) return to the Company upon request, and in
any event, at the time of termination of employment for whatever reason, all
documents, equipment, notes, records, computer disks and tapes and other
tangible items in his possession or under his control which belong to the
Company or any of its affiliates or which contain or refer to any Confidential
Information relating to the Company or any of its affiliates and (ii) if so
requested by the Company, delete all Confidential Information relating to the
Company or any of its affiliates

                                  CONFIDENTIAL

                                      -6-
<PAGE>

from any computer disks, tapes or other re-usable material in his possession or
under his control which contain or refer to any Confidential Information
relating to the Company or any of its affiliates.

      6.2 Nonsolicitation of Employees. While employed by the Company and for a
period of twelve (12) months thereafter, Employee shall not directly or
indirectly, for himself or for any other person, firm, corporation, partnership,
association or other entity, attempt to employ or enter into any contractual
arrangement with any employee or former employee of the Company, unless such
employee or former employee has not been employed by the Company for a period of
more than twelve (12) months or was an individual with whom Employee was a
co-worker of or otherwise associated with prior to being employed by the
Company.

      6.3 Noncompetition. (a) Between the Effective Date and the last day of the
Term of this Agreement (the "Noncompete Period"), unless otherwise waived in
writing by the Company (such waiver to be in the Company's sole and absolute
discretion), the Employee shall not, directly or indirectly, engage in, operate,
manage, have any investment or interest or otherwise participate in any manner
(whether as employee, officer, director, partner, agent, security holder,
creditor, consultant or otherwise) in any sole proprietorship, partnership,
corporation or business or any other person or entity (each, a "Competitor")
that engages, directly, or indirectly in a Competing Business; provided, that
(A) the Employee may continue to hold securities of the Company and/or acquire,
solely as an investment, shares of capital stock or other equity securities of
any Competitor which are publicly traded, so long as the Employee does not
control, acquire a controlling interest in, or become a member of a group which
exercises direct or indirect control of, more than five percent (5%) of any
class of equity securities of such Competitor; and (B) the Employee may be
employed by or consult with a Competitor whose primary business is not a
Competing Business, so long as the Employee does not have direct and day-to-day
supervisory responsibilities with respect to its Competing Business. For
purposes of this Agreement, the term "Competing Business" means mobile fleet
fueling.

      (b) Notwithstanding anything in Section 6.3(a) to the contrary, if this
Agreement is terminated by the Company pursuant to Section 4.4, the Noncompete
Period shall continue and the provisions of Section 6.3(a) shall remain in
effect during the term of the Severance Payments made pursuant to Sections 4.4
and 5.1; provided, that if the Company pays to the Employee the Severance
Payments in a lump sum pursuant to Section 5.2, the provisions of Section 6.3(a)
shall remain in effect for the period during which the Severance Payments would
have otherwise been made.

      6.4 Injunction. It is recognized and hereby acknowledged by the parties
hereto that a breach by the Employee of any of the covenants contained in
Section 6.1, 6.2 or 6.3 of this Agreement will cause irreparable harm and damage
to the Company, the monetary amount of which may be virtually impossible to
ascertain. As a result, the Employee recognizes and hereby acknowledges that the
Company shall be entitled to an injunction from any court of competent
jurisdiction enjoining and restraining any violation of any or all of the
covenants contained in Section 5 of this Agreement by the Employee or any of his
affiliates, associates, partners or

                                  CONFIDENTIAL

                                      -7-
<PAGE>

agents, either directly or indirectly, and that such right to injunction shall
be cumulative and in addition to whatever other remedies the Company may
possess.

      7. Entire Agreement; No Conflicts With Existing Arrangements. No
agreements or representations, oral or otherwise, express or implied, with
respect to the subject matter hereof have been made by either party which are
not set forth expressly in this Agreement and this Agreement contains the entire
agreement, and supersedes any other agreement or understanding, between the
Company and the Employee relating to the Employee's employment and any
compensation or benefits in respect thereof. The Employee represents and
warrants to the Company that he has reviewed any existing employment or
non-competition covenants with his prior employer, and that his employment by
the Company hereunder does not and will not conflict with or constitute a breach
or default under any of the terms or provisions thereof.

      8. Notices: All notices and other communications required or permitted
under this Agreement shall be in writing and will be either hand delivered in
person, sent by facsimile, sent by certified or registered first class mail,
postage pre-paid, or sent by nationally recognized express courier service. Such
notices and other communications will be effective upon receipt if hand
delivered or sent by facsimile, five (5) days after mailing if sent by mail, and
one (l) day after dispatch if sent by express courier, to the following
addresses, or such other addresses as any party may notify the other parties in
accordance with this Section:

      If to the Company:            2720 NW 55th Court
                                    Fort Lauderdale, Florida 33309
                                    Attention: Board of Directors
                                    Facsimile: (954) 739-3842

      If to the Employee:           5304 Bryant Place
                                    Springdale, AR 72764
                                    Telephone: (678) 296-6400

      9.     Successors and Assigns.

             (a) This Agreement is personal to the Employee and without the
prior written consent of the Company shall not be assignable by the Employee
otherwise than by will or the laws of descent and distribution. This Agreement
shall inure to the benefit of and be enforceable by the Employee's legal
representatives.

             (b) This Agreement shall inure to the benefit of and be binding
upon the Company and its successors and assigns.

             (c) 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 expressly
assume 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 and
any successor

                                  CONFIDENTIAL

                                      -8-
<PAGE>

to its business and/or assets which assumes and agrees to perform this Agreement
by operation of law or otherwise.

      10. Severability. The invalidity of any one or more of the words, phrases,
sentences, clauses or sections contained in this Agreement shall not affect the
enforceability of the remaining portions of this Agreement or any part thereof,
all of which are inserted conditionally on their being valid in law, and, in the
event that any one or more of the words, phrases, sentences, clauses or sections
contained in this Agreement shall be declared invalid, this Agreement shall be
construed as if such invalid word or words, phrase or phrases, sentence or
sentences, clause or clauses, or section or sections had not been inserted. If
such invalidity is caused by length of time or size of area, or both, the
otherwise invalid provision will be considered to be reduced to a period or area
which would cure such invalidity.

      11. Waivers. The waiver by either party hereto of a breach or violation of
any term or provision of this Agreement shall not operate nor be construed as a
waiver of any subsequent breach or violation.

      12. Resolution of Disputes. With the exception of proceedings for
equitable relief brought pursuant to Section 6.4 of this Agreement or otherwise,
any disputes arising under or in connection with this Agreement, including,
without limitation, any assertion by any party hereto that the other party has
breached any provision of this Agreement, shall be resolved by arbitration, to
be held in Ft. Lauderdale, Florida, in accordance with the then current rules
and procedures of the American Arbitration Association. All costs, fees and
expenses, excluding attorney fees incurred by the Employee, of any arbitration
in connection with this Agreement, which arbitration results in any final
decision of the arbitrator(s) requiring the Company to make a payment to the
Employee, shall be borne by, and be the obligation of, the Company. Conversely,
should the arbitration result in a final decision of the arbitrator(s) in favor
of the Company and not require the Company to make payment to the Employee, then
the Employee, in addition to all other costs, fees and expenses, including
attorney fees incurred by the Employee in connection with such arbitration
proceedings, shall also be required to reimburse the Company for all costs, fees
and expenses, excluding attorney fees incurred by the Company in such
proceedings. The obligation of the Corporation under this Section 12. shall
survive the termination for any reason of the Term (whether such termination is
by the Company, by the Employee or upon the expiration of the Term). Pending the
outcome or resolution of any arbitration commenced or brought in good faith by
the Employee, the Company shall continue payment and provision of the Base
Salary and other compensation and the benefits provided for Employee in this
Agreement.

      13. No Third Party Beneficiary. Nothing expressed or implied in this
Agreement is intended, or shall be construed, to confer upon or give any person
(other than the parties hereto and, in the case of Employee, his heirs, personal
representative(s) and/or legal representative) any rights or remedies under or
by reason of this Agreement.

      14. Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Florida, without regard to principals
of conflict of laws.

                                  CONFIDENTIAL

                                      -9-
<PAGE>

      IN WITNESS WHEREOF, the undersigned have executed this Employment
Agreement as of the date first above written.

                                           STREICHER MOBILE FUELING, INC.

                                           By:__________________________________
                                           Title:

                                           /s/ Richard E. Gathright
                                           -------------------------------------
                                                    Richard E. Gathright

                                  CONFIDENTIAL

                                      -10-

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