Document:

Asset Purchase Agreement

EXHIBIT 10.13

ASSET PURCHASE AGREEMENT

THIS AGREEMENT (the "Agreement") is made as of the.11 day of April 2002,
by and among Ideal Accents, Inc., a Florida corporation, with its principal
place of business at 10200 West Eight Mile, Ferndale, Michigan 48220 (the
"Purchaser") and Auto Conversions Inc., a Michigan corporation, with its
principal place of business at 20050 Be1laire Avenue, Royal Oak, Michigan 48067
(the "Seller") and Michael Patten, an individual and the sole shareholder of
Seller residing at 13517 Yvonne, Warren, MI 48093 (the "Shareholder"). 

WHEREAS, Seller and Shareholder are in the business of the sale, service
and installation of auto conversion and detailing products (the "Business"); 

WHEREAS, Seller and Shareholder desire to sell to Purchaser, and Purchaser
desires to acquire from Seller, substantially all of the operating assets of
Seller owned or used by it in connection with the Business, on and subject to
the terms and conditions contained in this Agreement; 

NOW, THEREFORE, in consideration of the mutual representations,
warranties and agreements set forth herein, the parties hereto hereby agree as
follows: 

ARTICLE I

TERMS OF AGREEMENT

            Section
1.01 Purchase and Sale of Assets. On the terms and subject to the
conditions set forth in this Agreement, on the Closing Date (as defined in
Section 4.01 hereof), Seller agrees to sell to Purchaser, and Purchaser agrees
to purchase from Seller, the following assets owned by Seller and used in or
pertaining to the Business, wherever located, as the same shall exist as of the
Closing Date (collectively, the "Acquired Assets"): 

            (a) All
accounts receivable (collectively, "Receivables"); 

            (b) All
inventories (wherever located) whether or not charged off or expensed in whole
or in part, including, without limitation, all supplies, parts and finished
goods (collectively, "Inventories"); 

            (c) All
fixed assets and tangible personal property including, without limitation,
equipment, machinery, vehicles, tools, dies, furniture, furnishings, office
equipment, leasehold improvements, fixtures and all similar assets or properties
used in the Business of Seller whether or not charged off or expensed in whole
or in part (collectively, "Fixed Assets"), together with all manufacturers' or
vendors' warranties and service contracts relating to the Fixed Assets; 

            (d) All
rights in and under all open orders as of the Closing Date for goods and/or
services accepted by Seller in the ordinary course of business, consistent with
past practice, that Purchaser determines to assume at Closing (if any)
("Orders"); 

            (e) All
customer deposits, prepaid supplies and other prepaid expenses relating to
Orders or Contracts (as hereinafter defined); 

            (f) All
rights in and under the contracts and other written commitments and agreements
of Seller listed on Schedule 1.01(f) hereto (if any) ("Contracts"); 

            (g) All
sales records and sales promotional data, customer lists and records, cost and
pricing information, and all good will of the Business of Seller; 

            (h) All
intellectual property used in the Business of Seller, including, without
limitation, any and all inventions, patent rights, trade secrets, know-how,
trademarks, service marks and trade names and the good will associated
therewith, and applications with respect to the foregoing, including, without
limitation, the trade name "Auto Conversions" and the corporate name "Auto
Conversions Inc." (collectively, "Intangible Rights"); and 

            (i) All
telephone numbers, websites and e-mail addresses used in the Business of Seller.

            Section
1.02 Certain Assets and Records Retained. There is specifically excepted
from the assets and properties of Seller sold to Purchaser pursuant to this
Agreement, and the phrase "Acquired Assets" does not include, the following: 

            (a) All
cash, cash equivalents and bank accounts; 

            (b) All
rights and obligations in and under any contract, lease, agreement, commitment
or other obligation of Seller not assumed by Purchaser hereunder; 

            (c)
Seller's corporate minute books, stock records, and organizational documents;

            (d) All
policies of insurance of Seller and all prepayments of premiums with respect to
such policies; 

            (e) The
originals of all general ledgers, tax returns, financial statements and data,
work papers in connection therewith and similar records of Seller (provided that
Purchaser shall be entitled to receive copies thereof from Seller on request)
and 

            (f) All
prepayments of sales, real property and franchise taxes, all utility and
security deposits and all deferred charges and deferred credits. 

            Section
1.03 Liabilities Assumed. Purchaser hereby assumes as of the Closing and
shall perform when due only the obligations and liabilities of Seller arising
under (i) the Orders, (i) the Contracts, (ii) the loans and other accounts
payable of the Seller, estimated to be approximately $200,000 as of the Closing
Date, as more particularly described on Schedule 1.03 (the "Loans and
Accounts Payable"), and no others (collectively the "Assumed Liabilities"). 

            Section
1.04 Liabilities Not Assumed. Purchaser shall not assume or become
obligated or in any way responsible in respect of any of the liabilities,
indebtedness or obligations of whatever nature of Seller or Shareholder other
than the Assumed Liabilities.

            Section
1.05 Purchase Price. On the Closing Date, Purchaser shall pay Seller for
the sale, transfer, assignment, conveyance and delivery of the Acquired Assets
by the assumption of the Assumed Liabilities. The amount of the Assumed
Liabilities shall be referred to herein as the "Purchase Price." 

            Section
1.06 Allocation of Purchase Price. The Purchase Price shall be allocated among
the Acquired Assets in the manner set forth on Schedule 1.07 hereto.Purchaser,
Seller and the Shareholder hereby agree that they shall file all federal, state
and local tax returns and reports in a manner consistent with such allocation,
and that none of them will assert or maintain a position inconsistent with the
foregoing in any administrative or judicial proceeding, including any tax audit
or other tax proceeding. 

            Section
1.07 Consents to Assienments. Seller, Shareholder and Purchaser shall use
their best efforts to obtain any consents required to consummate the
transactions contemplated by this Agreement. Purchaser shall negotiate in good
faith with any creditor or lender to which any of the Loans and Accounts Payable
are owed to obtain for Shareholder a release and cancellation of any personal
guarantee that may have been given by Shareholder to such creditor or lender.
Purchaser agrees to indemnify and hold harmless Shareholder from and against
payment obligations that may arise under any such personal guarantee which is
not released and cancelled at Closing. 

ARTICLE II

REPRESENTATIONS AND WARRANTIES OF SELLER AND SHAREHOLDER

            Seller and
Shareholder jointly and severally represent and warrant to Purchaser that the
following are true,' correct and complete on the date of this Agreement and will
be true, correct and complete as of the Closing Date: 

            Section
2.01 Organization. Seller is a corporation duly organized, validly
existing and in good standing under the laws of the State of Michigan. Seller
has all corporate power and authority to own its property and to carry on its
operations as now conducted. Seller has no stock or equity interest in any
corporation, firm or organization, and conducts all of its business directly and
not through any association, joint venture, partnership or other business
entity. Shareholder is the sole owner of all issued and outstanding shares of
capital stock of Seller. 

            Section
2.02 Corporate Action. Legal. Valid and Binding Aereement All corporate
action of Seller necessary to authorize the execution and delivery of this
Agreement and the instruments to be executed and delivered pursuant hereto and
to consummate the transactions contemplated hereby has been properly taken, and
resolutions of the Board of Directors of Seller, certified by an officer of
Seller and in form reasonably satisfactory to counsel for Purchaser, will be
delivered to Purchaser at the Closing. This Agreement is a legal, valid and
binding agreement of Seller and Shareholder enforceable against each of them in
accordance with its terms. 

            Section
2.03 No Violation. Except for the consents of the persons or entities as
set forth on Schedule 2.03, neither the execution, delivery or
performance of this Agreement nor the consummation of the transactions
contemplated hereby is prohibited by, is a violation of, is in conflict with,
constitutes a default under (whether such default would occur with the passage I
of time, the giving of notice, or both), or requires Seller or Shareholder to
obtain any consent, authorization or approval or registration under, or gives
any person the right to accelerate the performance of any obligation under ( a)
any term or provision of the Certificate of Incorporation or By-Laws of Seller,
(b) any agreement or commitment to which Seller or Shareholder is bound, (c) any
agreement, understanding or commitment relating to any bank or other
institutional loans or indebtedness of Seller or Shareholder, (d) any judgment,
decree, order, regulation or rule of any court or governmental authority, or any
statute or law applicable to Seller or Shareholder. 

            Section
2.04 Title to and Condition of Acquired Assets. Seller has and will
deliver to Purchaser on the Closing Date, good and marketable title to all of
the Acquired Assets, free and clear of any agreement or understanding with
respect to the use or possession thereof or any rights thereto and of all liens,
mortgages, pledges, encumbrances, security interests, conditional sales
agreements, or charges of any kind or character. None of the Acquired Assets is
located other than at the real property currently occupied by Seller at 20050
Bellaire Avenue, Royal Oak, Michigan (the "Leased Property") and none of the
Acquiroo Assets are on consignment with any third party. A correct and complete
list of the Fixed Assets of Seller is attached as Schedule 2.04 hereto.

            Section
2.05 Corporate Records. Seller will deliver to Purchaser's counsel within
ten (10) days following the execution of this Agreement, for review, copies of
Seller's (a) Articles of Incorporation and all amendments thereto, (b) By-Laws
and all amendments thereto, (c) minute books and (d) share record books and
share certificate books (collectively the "Corporate Records"). The Certificate
of Incorporation of Seller has not been amended, except and to the extend
provided in any certificate of amendment heretofore delivered to Purchaser's
counsel. The Corporate Records provided to Purchaser constitute a true and
complete copy of the existing record of all shareholder, director and other
corporate meetings of Seller. 

            Section
2.06 Litigation. There is no action, suit, investigation or other
proceeding pending or, to the knowledge of Seller or Shareholder, threatened
against or involving Seller or the Acquired Assets before any court,
administrative agency or other governmental or arbitral body, whether or not
covered by insurance, and neither Seller nor Shareholder know of no valid basis
for any such action, suit, investigation or other proceeding. No unsatisfied
judgment, order, writ, injunction, decree or assessment or other command of any
court or any federal, state, local, foreign or other governmental department,
commission, board, bureau, agency or instrumentality has been entered against or
served upon Seller. There is no action or proceeding pending, or to the
knowledge of Seller or Shareholder, threatened, which questions or challenges
the validity of this Agreement or any of the transactions contemplated by this
Agreement or otherwise seeks to prevent or have the effect of preventing the
consummation of the transactions contemplated hereby. Seller has not received
any notice from, nor has Seller been advised by, any federal, state or local
administrative agency or governmental b:>dy that it is or may be a potentially
responsible party for environmental conditions on the Leased Property or arising
out of the disposal of any wastes generated by Seller or its predecessors in
interest in connection with operations on the Leased Property. 

            Section
2.07 Orders: Contracts. The Orders and Contracts are valid and binding
obligations of Seller, are in full force and effect, have been entered into by
Seller in the ordinary course of business, consistent with past practice, do not
call for any extraordinary capital expenditures or other extraordinary actions,
and Seller is not in default thereunder (nor has Seller performed or failed to
perform any act that with notice or passage of time, or both, could constitute a
default thereunder) nor has Seller or Shareholder received notice or information
as to a threatened default by a third party . 

            Section
2.08 Relationships with Customers. Schedule 2.08 contains a list
of the customers of the Business. Seller has good relationships with its
customers, and neither Seller nor Shareholder know of any current controversy or
dispute with any customer (including any dispute or claim regarding goods sold
or leased, or services performed, by Seller) and have no information that
Purchaser will lose or experience a reduction in orders from any customer. 

            Section
2.09 Inventories. The Inventories of Seller consist solely of inventories
of the kind and quality salable or usable in the ordinary course of the
Business. Seller has good and marketable title to the Inventories free and clear
of all liens and encumbrances and no Inventories are on consignment with any
third party other than the National Bank which the Purchaser will assume on
Closing. A correct and complete list of the Inventories and their values will be
delivered by Seller to Purchaser at Closing. 

            Section
2.10 Taxes. Seller has filed or caused to be filed all federal, state,
municipal and other tax returns and reports required to be filed and has paid
all taxes when due. There are no liens or charges on the Acquired Assets or the
Business resulting from Seller's or Shareholder's failure to file any such tax
returns or reports or to pay any such tax and there are no unpaid taxes which
are or could become a lien on the Acquired Assets, except for current taxes not
yet due and payable. All monies required to be withheld by Seller from employees
for income taxes, social security and unemployment insurance taxes have been
collected or withheld, and either paid to the respective governmental agencies
or set aside in accounts for such purpose. 

            Section
2.11 Employees. A complete and correct list of Seller's current employees
and their wages and benefits is attached hereto as Schedule 2.11. There
are no employment agreements, agreements relating to terms and conditions of
employment or compensation agreements relating to severance or collective
bargaining agreements between Seller and any of its employees or any collective
bargaining agent or labor organization representing any such employees. There is
no union or organizing campaign pending or, to the knowledge of Seller or
Shareholder, threatened with respect to the employees of Seller and no questions
regarding representation exists with respect to Seller's employees. There bas
been no violation of, and Seller bas received no notice in the last twelve
months of any violation of any federal, state or local statute, law, ordinance,
rule, regulation, order or directive with respect to the employment of
individuals by, or the employment practices of Seller, terms and conditions of
employment, or wages and hours, and Seller is not engaged in any unfair labor
practice. There is no unfair labor practice charge or other employee-related
complaint against Seller pending before the National Labor Relations Board or
any other federal, state or local governmental agency. 

            Section
2.12 Receivables. The Receivables are bona fide receivables that arose
out of sales in the ordinary course of the Business. The Receivables are good
and collectible at the recorded amount thereof and are not subject to any
counterclaims, setoffs, credits or allowances by the debtors thereof. The
Receivables are collateral to the National Bank loan being assumed by the
Purchaser on Closing. A correct and complete list of the Receivables, including
the names and addresses of the obligors and the amounts thereof, will be
delivered by Seller to Purchaser at Closing. 

            Section
2.13 Real Property. Other than its interests as a lessee in the Leased
Property, the Seller owns no interests in real property, nor has Seller ever
owned any interests in real property. The Leased Property is occupied by Seller
under a month-to-month lease, which permits Seller to terminate its tenancy
thereunder on the giving of one month's notice without penalty. Purchaser will
not incur any liability or obligation under such lease by reason of the
transactions contemplated hereby. 

            Section
2.14 Compliance with Laws. Seller is in compliance with all applicable
statutes, laws, ordinances, rules, regulations, orders and directives pertaining
to the Leased Property and the conduct of its operations and the Business.
Seller has not received in the last twelve (12) months any notice of failure to
comply with, any applicable statutes, laws, ordinances, rules, regulations,
orders or directives pertaining to the Leased Property or the conduct of its
operations and the Business, including, without limitation, any notice from any
governmental body having jurisdiction over Seller as to any violation of any
building, fire, environmental, health, or other law or ordinance. 

            Section
2.15 Employee Benefit Plans. Upon consummation of the transaction
contemplated by this Agreement, except as required by applicable law, Purchaser
shall have no obligation or liability, whether absolute or contingent, under or
with respect to (a) any employment, consulting, severance or other similar
contract, arrangement or policy, (b) any plan, arrangement (written or oral),
program, agreement or commitment providing for insurance coverage (including,
but not limited to, any self-insured arrangements), workers' compensation,
disability benefits, supplemental unemployment benefits, sick leave, retirement
benefits, life, health, disability or accident benefits or for deferred
compensation, profit-sharing bonuses, stock options, stock appreciation rights,
Stock purchases, or other forms of incentive compensation or post-retirement
insurance, compensation or benefits, (c) any "multiemployer plan" as defined in
Section 4001 (a)(3) of the Employee Retirement Income Security Act of 1974 ("ERISA")
or "employee welfare benefit plan" as defined in Section 3(1) of ERISA or (d)
any "employee pension benefit plan" as defined in Section 3(2) of ERISA (other
than a multiemployer plan) which, in any such case, (i) Seller, or any ERISA
Affiliate of Seller maintains, administers, contributes to or is required to
contribute to, or maintained, administered, contributed to or was required to
contribute to, or under which Seller or any ERISA Affiliate of Seller may incur
any liability and (ii) which covers any employee or former employee of Seller or
any ERISA Affiliate of Seller (with respect to their relationship with such
entities) (each, an "Employee Plan"). Without limiting the generality of the
foregoing, any disability or other benefits payable to any employee of Seller
who becomes an employee of Purchaser on or after the Closing shall be payable by
Seller for any period prior to the first day of employment of any such employee
by Purchaser. "ERISA Affiliate" shall mean any entity which is (or at any
relevant time was) a member of a "controlled group of corporations" with or
under "common control" with Seller as defined in Section 414(b) or (c) of the
Code. Schedule 2.11 identifies all Employee Plans of the Seller. 

            Section
2.16 Intangible Rights. Schedule 2.16 sets forth a complete list
of the Intangible Rights. The Intangible Rights are owned exclusively by Seller
and are used solely and exclusively by Seller. The Intangible Rights will be
owned or available for use by Buyer on the same terms and conditions upon
Closing as such rights are owned or available for use by Seller immediately
prior to Closing. To Seller's and Shareholder's knowledge, Seller's use of the
Intangible Rights is not infringing upon or otherwise violating the rights of
any third party in or to such Intangible Rights. No proceedings have been
instituted against, and no notices have been received, by Seller or Shareholder
that are presently outstanding alleging that Seller's use of the Intangible
Rights infringes upon or otherwise violates any rights of a third party in or to
such Intangible Rights. 

            Section
2.17 Warranties. Except for the standard manufacturer and service
warranties, the Seller has not made or given any express warranties with respect
to any goods sold or services performed by Seller. Neither Seller nor
Shareholder is aware of any defect in any goods sold or services performed by
Seller. 

            Section
2.18 Brokers. Seller and Shareholder have not entered into any agreement,
arrangement or understanding with any third person which will result in the
obligation of Purchaser to pay any finder's fee, brokerage commission or similar
payment in connection with the transactions contemplated by this Agreement. 

            Section
2.19 General Representation and Warranty. Except as otherwise disclosed
in this Agreement or any schedule hereto, neither Seller nor Shareholder know of
any fact or condition which is materially adverse to the operations or prospects
of the Business. None of the representations and warranties of Seller or
Shareholder made in this Agreement contains any untrue statement of material
fact or omits to state any material fact necessary in order to make any such
representation or warranty not misleading. 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF PURCHASER

        Purchaser represents and warrants
to Seller and Shareholder that the following are true, correct and complete on
the date of this Agreement and will be true, correct and complete as of the
Closing Date: 

        Section 3.01 Organization. 
Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the State of Florida. Purchaser has all corporate power and
authority to own its property and to carry m its operations as now conducted by
it. 

        Section 3.02 Corporate Action:
Legal. Valid and Binding: Agreement. All corporate action of Purchaser
necessary to authorize the execution and delivery of this Agreement and the
instruments to be executed and delivered pursuant hereto and to consummate the
transactions contemplated hereby has been or will prior to Closing be properly
taken and resolutions of the Board of Directors of Purchaser, in form
satisfactory to counsel for Seller, will be delivered on the Closing Date to
Seller. This Agreement is a legal, valid and binding agreement of Purchaser,
enforceable in accordance with its terms, except to the extent enforceability
may be limited by applicable bankruptcy, insolvency or other laws affecting the
enforcement of creditors' rights and remedies. 

        Section 3.03 No Violation. 
Neither the execution, delivery or performance of this Agreement nor the
consummation of the transactions contemplated hereby is prohibited by, is a
violation of, is in conflict with, constitutes a default under (whether such
default would occur with the passage of time, the giving of notice, or both) or
requires Purchaser to obtain any consent, authorization or approval or
registration under or gives any person the right to accelerate the performance
of any obligation under (a) any term or provision of the Articles of
Incorporation or By-laws of Purchaser, (b) any agreement or commitment to which
Purchaser is bound, (c) any agreement, understanding or commitment relating to
any bank or other institutional loans or indebtedness of Purchaser, or (d) any
judgment, decree, order, regulation or rule of any court or governmental
authority, or, to the knowledge of Purchaser, any material statute or law
applicable to Purchaser. 

        Section 3.04 Brokers. 
Except for an agreement with Medallion Capital Corporation ("Purchaser's
Broker"), the Purchaser has not entered into any agreement, arrangement or
understanding with any third person which will result in the obligation of
either Seller or Shareholder to pay any finder's fee, brokerage commission or
similar payment in connection with the transaction contemplated by this
Agreement. Purchaser shall be responsible for the payment to Purchaser's Broker
of any finder's fee, commission or similar payment in connection with the
transaction contemplated by this Agreement. 

ARTICLE IV

CLOSING

        Section 4.01 Closing. 
Closing shall take place in the office of the Purchaser within thirty (30) days
of execution of this Agreement, or at such other time or place as may be
mutually agreed to by Seller and Purchaser (the "Closing Date"). 

        Section 4.02 Closinig
Adjustment Certificate. Not later than two (2) business days prior to the
Closing Date, Seller shall deliver to Purchaser a certificate, certified by the
President of Seller, setting forth the total amount of the Loans and Accounts
Payable as of the Closing Date (the "Closing Adjustment Certificate"). Purchaser
shall review the Closing Adjustment Certificate and advise Seller whether it
objects to Seller's calculation of the amount of the Loans and Accounts Payable
shown thereon. If Purchaser objects to such ca1culation, Purchaser and Seller
will consult and attempt in good faith to reach agreement on a final calculation
of the total amount of the Loans and Accounts Payable at Closing. The Seller
hereby acknowledges that the Closing Adjustment Certificate will be utilized by
Shareholder and Purchaser in effecting certain adjustments, if required, under a
note purchase agreement to be entered into between Shareholder and Purchaser as
of the Closing Date pursuant to which Purchaser will acquire from Shareholder a
note receivable owing to Shareholder by Seller (the "Note Purchase Agreement").

        Section 4.03 Deliveries by
Seller and Shareholder. At Closing, Seller and Shareholder shall deliver the
following: 

        (a)    Such fully
executed documents and instruments of assignment, transfer and conveyance as are
necessary in the opinion of, and reasonably satisfactory in form to counsel of
Purchaser to transfer good and marketable title to the Acquired Assets to
Purchaser in accordance with the provisions of this Agreement, including one or
more bills of sale and any separate bill of sale required or advisable with
respect to any vehicle; 

        (b)    Evidence
acceptable to Purchaser of all necessary consents (if any) to the assignment to
Purchaser of the Orders and the Contracts and the assumption by Purchaser of the
Loans and Accounts Payable; 

        (c)    The Note
Purchase Agreement executed by Shareholder in the form attached hereto as 
Exhibit 4.03(c); 

        (d)    An
employment agreement executed by Shareholder, in the form attached hereto as 
Exhibit 4.03( d) (the "Employment Agreement"); and 

        (e)    The Items
required to be delivered pursuant to Section 2.09, 2.12 and 4.02 of this
Agreement. 

        Section 4.04 Deliveries bv
Purchaser. At Closing, Purchaser shall deliver the following: 

        (a)    Good and
sufficient documents, reasonably satisfactory in form to Seller, evidencing the
assumption by Purchaser of the Assumed Liabilities; 

        (b)    The
Employment Agreement executed by Purchaser; and

        (c)    The Note
Purchase Agreement executed by Purchaser. 

        Section 4.05 Conditions to
Purchaser's Obligation to Close. The obligation of Purchaser to consummate
the transactions provided for hereby is subject to the satisfaction, on or prior
to the Closing Date, of the following conditions (any of which may, in
Purchaser's sole discretion, be waived in whole or in part): (1) the terms of
the debt owed by Seller to National Bank, as of the Closing Date (the "National
Bank Debt"), shall have been amended to allow for assumption of the debt by
Purchaser and payment thereof on a schedule acceptable to Purchaser; (2)
Purchaser's due diligence examination of the Business and the Acquired
Assets shall be acceptable to Purchaser in its sole discretion; (3) all
representations and warranties of Seller and Shareholder contained in this
Agreement shall be true and correct in all respects at and as of the Closing
Date, and Seller and Shareholder shall have performed all agreements and
covenants required hereby be performed by them prior to and at the Closing Date;
(4) all consents, approvals and waivers necessary to permit Seller to transfer
the Acquired Assets to Purchaser shall have been obtained; (5) no proceeding by
any person shall have been instituted or threatened which questions the validity
or legality of the transactions contemplated hereby; (6) Seller and Shareholder
shall have furnished Purchaser with such certificates of its officers as may be
reasonably requested by Purchaser to evidence compliance with the conditions set
forth in this Section 4.05; (7) Purchaser shall have received from Seller
resolutions adopted by the board of directors and shareholders of Seller
approving this Agreement and the transactions contemplated hereby; (8) the
closing of the transactions contemplated by the Note Purchase Agreement shall
have occurred; and (9) Seller and Shareholder shall have made the deliveries
required pursuant to Section 4.03 of this Agreement. 

        Section 4.06 Conditions to
Seller and Shareholder's Obligations to Close. The obligations of Seller and
Shareholder to consummate the transactions provided for hereby is subject to the
satisfaction, on or prior to the Closing Date, of the following conditions (any
of which may, in Seller and Shareholder's sole discretion, be waived in whole or
in part): (1) all representations and warranties of Purchaser contained in this
Agreement shall be 1rue and correct in all respects at and as of the Closing
Date, and Purchaser shall have performed all agreements and covenants required
hereby to be performed by it prior to and at the Closing Date; (2) all consents,
approvals and waivers necessary to permit Seller to transfer the Acquired Assets
to Purchaser as contemplated hereby shall have been obtained; (3) no proceeding
by any person shall have been instituted or threatened which questions the
validity of the transactions contemplated hereby; (4) the closing of the
transactions contemplated by the Note Purchase Agreement shall have occurred;
and (5) Purchaser shall have made the deliveries required pursuant to Section
4.04 of this Agreement. 

ARTICLE V

ADDITIONAL AGREEMENTS

        Section 5.01 Conduct of
Business Prior to Closing. Seller shall continue to carry on the Business in
the ordinary course and substantially in accordance with past practice and will
not take any action inconsistent therewith or with the consummation of the
transactions contemplated by this Agreement at any time prior to Closing.
Without limiting the generality of the foregoing, Seller shall (1) maintain the
Acquired Assets in their current state of repair, excepting normal wear and
tear, and (2) maintain, and take no action to prejudice or diminish, all
existing and prospective business, customer and supplier relationships of the
Business in accordance with its past practices. 

        Section 5.02 Further Actions
and Assurances. Subject to the terms and conditions hereof, each of the
parties hereto agrees that prior to and following Closing such party will use
its or his best efforts to take, or cause to be taken. all actions and to do, or
cause to be done, all things necessary, proper or advisable to consummate and
give effect to the transactions contemplated by this Agreement, including, but
not limited to, (i) executing whatever further documents, instruments of
assignment, transfer, conveyance or authorization and agreements as may be
reasonably requested in order to fulfill the purposes and the intent of this
Agreement and (ii) cooperating in obtaining all necessary consents, permits,
approvals and licenses (if any). Shareholder specifically agrees to use his best
efforts to take all actions and do all things necessary, proper or advisable in
order that the customers of the Business become customers of Purchaser following
Closing. 

        Section 5.03 Sales Taxes. 
Seller shall pay any applicable transfer, sales or use taxes imposed by the
reason of consummation of the transactions contemplated hereby. 

        Section 5.04 Orders and
Receivables. Seller and Shareholder agree to immediately pay over to
Purchaser without set-off or other reduction any and all monies received
following Closing attributable to Receivables acquired or Orders assumed by
Purchaser hereunder. Seller and Shareholder agree to assist Purchaser at its
request in the collection of any Receivables acquired or the performance of any
Orders or Contracts assumed hereunder. Such assistance will include at
Purchaser's request directing the obligors under the Receivables to make payment
to such person or place and on such terms as Purchaser may reasonably request.

        Section 5.05 Investigation by
Purchaser. Prior to Closing, Purchaser and each representative of Purchaser
shall be entitled to conduct a due diligence investigation with respect to the
Acquired Assets and the Business. In connection with such investigation, Seller
and Shareholder and each representative of Seller and Shareholder shall (i)
cooperate with Purchaser and each representative of Purchaser, (ii) provide all
information and all documents and other tangible items containing or relating to
such information reasonably requested by Purchaser or any representative of
Purchaser, and (ill) permit Purchaser and each representative of Purchaser to
inspect any of the Acquired Assets. 

        Section 5.06 
Matters Relating to Employees. 

        (a)    On or after
the Closing, Purchaser may offer employment to any individual employed by Seller
in the Business immediately prior to Closing; provided, however, that except as
otherwise provided in this Agreement, it is understood that there is no
obligation on the part of Purchaser to make any such offers of employment. With
respect to employees of Seller who are hired by Purchaser as employees on or
following the Closing, Seller and Shareholder agree to cooperate with Purchaser
fully in the transition of any such employees to employment with Purchaser.
Nothing contained herein shall be cons1rued to effect any rights Purchaser may
have on and after the Closing to terminate the employment of any employee at any
time. 

        (b)    Nothing in
this Agreement expressed or implied shall confer upon any employee of Seller or
union, collective bargaining agent or other person or entity any rights or
remedies (including, but not limited to, any right to employment or continued
employment for any specified period) or right to any particular benefits in
connection with any employment of any nature or kind whatsoever. 

        (c)    Purchaser
shall assume no obligations or liabilities whatsoever of Seller in respect of
worker's compensation, severance, payroll and or unemployment tax, pension,
profit-sharing, health insurance, COBRA, accrued but unused vacation or other
wage or benefit liabilities in respect of any employees or service providers of
Seller, whether or not employed by Purchaser on and after the Closing. 

ARTICLE

SURVIVAL AND INDEMNIFICATION

        Section 6.01 Survival of
Representations. Warranties. Covenants and Indemnities. The representations
and warranties of the parties to this Agreement contained in Articles II 
and III hereof, and the
indemnities with respect thereto, shall survive the Closing through the third
anniversary of the Closing Date, at which time they shall expire, except that
any claims made prior to the third anniversary of the Closing Date with respect
to any Loss (as hereinafter defined) shall survive until liability therefor
shall be finally determined. The covenants of the parties to this Agreement, and
the indemnities with respect thereto, shall survive the Closing until they have
been fully performed or satisfied or otherwise discharged. 

        Section 6.02 Indemnification by
Seller and Shareholder. Seller and Shareholder agree, jointly and severally,
to reimburse, indemnify and hold harmless Purchaser from and against any and all
liabilities, losses, and reasonable costs and expenses, including, but not
limited to, attorneys' and accountants' fees and disbursements (a "Loss" or
collectively "Losses"), arising out of or incurred with respect to (a) any
breach of anyone or more of Seller's and Shareholder's warranties or
representations in this Agreement, (b) the breach or nonperformance of any
covenant or obligation to be performed by Seller or Shareholder hereunder, or
(c) the breach, nonperformance or non-payment of any liabilities or obligations
of Seller not assumed by Purchaser pursuant to this Agreement, whether or not
such liability or obligation is disclosed to Purchaser hereunder. 

        Section 6.03 Indemnification by
Purchaser. Purchaser agrees to indemnify and hold ham1less Seller and
Shareholder from and against any and all Losses arising out of or incurred with
respect to (a) any breach of anyone or more of Purchaser's warranties or
representations in this Agreement, (b) the breach or nonperformance by Purchaser
of any covenant or obligation to be performed by Purchaser hereunder, or (c) the
breach, nonperformance or non-payment of any of the Assumed Liabilities. 

        Section 6.04 Notification of
Claims. In the event that any party hereto proposes to make any claim for
indemnification pursuant to Sections 6.02 or 6.03 
hereof, the party seeking indemnification (the
"Indemnified Party") shall deliver on or prior to the date upon which the
applicable representations, warranties, indemnities or covenants expire pursuant
to Section 6.01 hereof, a signed certificate, which certificate shall (i)
state that a Loss has occurred (ii) specify the sections of this Agreement under
which such claim is made, and (iii) specify in reasonable detail each individual
item of Loss or other claim including the amount thereof (to the extent
reasonably ascertainable) and the date such Loss was incurred. 

        Section 6.05 Defense of Third
Party Claims and Extension of Statute of Limitations. The party to this
Agreement against which a claim for a particular item (or group of related
items) of Loss is asserted (the "Indemnifying Party") shall have the right in
its discretion and at its expense to participate in and control (a) the defense
or settlement of any claim, suit, action or proceeding (including appeals) in
respect of such item (or items) by any other person other than a party hereto
insofar as the Indemnified Party shall claim indemnification hereunder in
respect thereof, (b) any and all negotiations with respect thereto, and (c) the
assertion of any claim against any insurer with respect thereto, and the
Indemnified Party shall not settle any such claim, suit, action or proceeding or
agree to extend any applicable statute of limitation without the prior written
approval of the Indemnifying Party, which approval shall not be unreasonably
withheld or delayed. The rights of participation, control and approval granted
to the Indemnifying Party shall be subject as a condition precedent to such
party's acknowledging to the Indemnified Party, in writing, the obligation of
the Indemnifying Party to indemnify the other party hereto in respect of such
third party's claim, suit, action or proceeding giving rise to such item. Upon
such acknowledgement, the Indemnified Party will provide the Indemnifying Party
with all reasonably available information, assistance and authority to enable
the Indemnifying Party to effect such defense or settlement and upon the
Indemnifying Party's payment of any amounts due in respect of such claim, suit,
action or proceeding, the Indemnified Party will, to the extent of such payment,
assign or cause to be assigned to the Indemnifying Party the claims of the
Indemnified Party, if any, against such third parties in respect of which such
payment is made. If the Indemnifying Party is not so willing to acknowledge such
obligation, the Indemnified Party shall be entitled to proceed with the defense
or settlement of the claim, suit, action or proceeding, any and all negotiations
with respect thereto, and the assertion of any claim against any insurer with
respect thereto at the expense of the Indemnifying Party, and the Indemnifying
Party shall have no right to participate in ot control the foregoing matters.

ARTICLE VII

CONFIDENTIALITY AND NON-COMPETITION

        Section 7.01 Confidentiality.
Seller and Shareholder, on the one hand and Purchaser, on the other, have
had access to, and have gained knowledge with respect to, the business of the
other party including, without limitation, information concerning methods of
doing business, information concerning customers and suppliers, trade secrets,
financial results and related information and other valuable and confidential
information not generally known to the public (referred to herein as
"Confidential Information"). Each party to this Agreement acknowledges that the
unauthorized disclosure or misuse of the Confidential Information of the other
party will cause irreparable damage to such other party and protection of such
Confidential Information is essential to the growth and stability of such party.
Accordingly, Seller and Shareholder, on the one hand, and Purchaser, on the
other hand, hereby agree, upon execution of this Agreement and from and after
the Closing Date, not to use or disclose the Confidential Information of the
other except, with respect to Shareholder, in connection with his performance of
any employment duties to Purchaser following Closing. 

        Section 7.02 Period of
Non-Competition. Pursuant to this Agreement, Purchaser shall acquire certain
of the assets and the Business of Seller. In order to protect Purchaser's
investment in the Business and such assets, Purchaser has requested and Seller
and Shareholder have agreed to the covenants not to compete set forth in this 
Section 7.02. For a period of three (3) years following the Closing Date,
Seller and Shareholder agree that they shall not, directly or indirectly, for
their own account or as agent, employee, officer, director, consultant, or as a
stockholder or equity owner of any corporation or other entity, or a member of
any firm or otherwise (a) anywhere within 200 miles of the Business or any other
similar business operation of Purchaser, engage or attempt to engage, in any
business activity which is the same as, substantially similar to or directly
competitive with, the Business, (b) employ or solicit the employment of any
present or future employee of Purchaser, (c) disrupt or interfere with, or seek
to disrupt or interfere with, the relationship of Purchaser and any past,
present or prospective supplier, customer or business contact of Purchaser
(whish shall include any former supplier, customer or business contact of Seller
or Shareholder). Seller and Shareholder agree that the foregoing territorial,
time and other limitations are reasonable and properly required for the adequate
protection of the business and affairs of Purchaser effective from and after the
Closing, and in the event that anyone or more of such territorial, time or other
limitations is found to be unreasonable by a court of competent jurisdiction,
Seller and Shareholder, shall agree and submit to the reduction of said
territorial, time or other limitations to such an area, period, or otherwise as
the court may determine to be reasonable. With respect to the operation of this
Section 7.02, Shareholder agrees that if he accepts employment with Purchaser at
Closing the terms of the non-competition covenant contained herein shall
commence on the date on which he is employed by Purchaser and shall continue for
a period of one year following the termination or expiration of such employment;
provided, however, that if such termination is voluntary by Shareholder or
involuntary for cause then such term shall continue for a period of three years
following such termination. 

        Section 7.03 Equitable
Remedies. Because a remedy at law for any breach of the provisions of
Sections 7.01 and 7.02 hereof will be inadequate, in addition to all other
remedies available to Purchaser, Purchaser shall have the remedies of a
restraining order, injunction or other equitable relief to enforce the
provisions of this Article VII. 

ARTICLE VIII

GENERAL PROVISIONS

        Section 8.01 Termination. 
This Agreement may be terminated upon prior written notice at any time prior to
the Closing Date without liability of any party: 

        (a) by mutual written consent of
Purchaser, Seller and Shareholder; or 

        (b) by Seller on the one hand, or
Purchaser, on the other hand, upon prior written notice to the other and
reasonable opportunity to cure, if a non-terminating party has breached any
material covenant to be performed by it pursuant to this Agreement. Termination
of this Agreement shall not affect in any way the continuing obligations of the
parties hereto pursuant to Section 8.11 hereof relating to expenses. 

        Section 8.02 Notices. All
notices under this Agreement shall be in writing. All notices and other
communications given pursuant to this Agreement shall be deemed to have been
properly given or delivered (i) if hand delivered or (ii) if mailed by certified
mail, postage prepaid, or by nationally recognized overnight courier service,
addressed to the appropriate party at the following addresses for such parties
set forth on the first page of this Agreement. Any party may from time to time
designate by written notice pursuant to this Section 8.02 any other
address or party to which such notice or communication or copies thereof shall
be sent. 

        Section 8.03 Assignment. No
party shall assign this Agreement or any rights. interests or obligations
hereunder. or delegate performance of any of its obligations hereunder. without
the prior written consent of the other party . 

        Section 8.04 Waiver. Amendment.
etc. This Agreement may not be amended or supplemented, and no waivers of or
consents to departures from the provisions hereof shall be effective, unless set
forth in a writing signed by, and delivered to, both parties. No failure to
delay of a party in exercising any power or right under this Agreement will
operate as a waiver thereof, nor will any single or partial exercise of any
right or power, or any abandonment or discontinuance of steps to enforce such
right or power, preclude any other or further exercise thereof or the existence
of any other right or power. 

        Section 8.05 Binding Agreement:
No Third Party Beneficiaries. This Agreement will be binding upon and inure
to the benefit of the parties and their successors and permitted assigns.
Nothing expressed or implied herein is intended or will be construed to confer
upon or to give any other Person any rights or remedies by virtue hereof. 

        Section 8.06 Severability. 
The invalidity or unenforceability of any provision hereof in any jurisdiction
will not affect the validity or enforceability of the remainder hereof in that
jurisdiction or the validity or enforceability of this Agreement, including that
provision in any other jurisdiction. To the extent permitted by applicable law,
each party waives any provision of applicable law that renders any provision
hereof prohibited or unenforceable in any respect. If any provision of this
Agreement is held to be unenforceable for any reason, it shall be adjusted
rather than avoided, if possible, in order to achieve the intent of the parties
to the extent possible. 

        Section 8.07 Countemarts:
Facsimile. This Agreement may be executed by facsimile signature transaction
and in one or more counterparts each of which when so executed and delivered
will be deemed an original but all of which will constitute one and the same
Agreement. 

        Section 8.08 Headings. The
headings used in this Agreement are for reference purposes only and shall not be
given substantive effect. 

        Section 8.09 Governing Law. 
This Agreement shall be governed by and interpreted in accordance with the laws
of Michigan without reference to its principles of conflicts of laws. 

        Section 8.10 Entire Agreement.
This Agreement, including the schedules and exhibits attached hereto,
constitute the entire agreement and understanding of the parties in respect of
any subject matter contained herein. This Agreement supersedes all prior
agreements and understandings between the parties with respect to such subject
matter. 

        Section 8.11 Expenses. 
Except as otherwise specified in this Agreement, Seller, Shareholder and
Purchaser shall pay their own legal, accounting and other expenses incident to
the negotiation and preparation of this Agreement and the consummation of the
transactions contemplated hereby. 

        Section 8.12 Representation by
Counsel: Interpretation. Seller, Shareholder and Purchaser acknowledge that
they have been represented by counsel in connection with this Agreement and the
transactions contemplated by this Agreement. Accordingly, any rule of law or any
legal decision that would require interpretation of any claimed ambiguities in
this Agreement against the party that drafted it has no application and any such
right is expressly waived. The provisions of this Agreement shall be interpreted
in a reasonable manner to effect the intent of Seller, Shareholder and
Purchaser.

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

SELLER: 

AUTO CONVERSIONS, INC. 

By: ---<Signed>--------

Title

SHAREHOLDER:

<Signed>                         

Michael Patten

PURCHASER: 

IDEAL ACCENTS, INC. 

By: _________<Signed>__________________

Title: C.O.O.

 

LIST OF SCHEDULES

	Schedule 1.01(f) 	- Assumed Contracts 
	Schedule 1.03	- Loans and Accounts Payable
	Schedule 1.07	- Allocation of Purchase Price
	Schedule 2.03 	- Necessary Consents and Approvals
	Schedule 2.04	- Fixed Assets
	Schedule 2.08	- Customers
	Schedule 2.11	- Employees
	Schedule 2.16 	- Intangible Rights

Schedule 1.01 (f)

There are no contracts.

 

Schedule 1.03

Assumed Liabilities

	1. National Bank Loan 
    	
    $74,000.00

	2. Loan by individuals	
    $ 5,000.00

	3. Webasto 	
    $70,000.00

	4. Other accounts payable 
    	
    $51,000.00

 

A list setting out the name, address, contact information, and exact amount
due as of Closing will be provided by Seller on Closing. 

 

Schedule 1.07

Allocation of Purchase Price

Subject to adjustments that may be made at Closing the Purchase Price shall
be allocated as follows: 

	- Accounts Receivable 	$30,000
	- Inventory 	$30,000
	- Machinery, equipment, vehicles Furniture and
    fixtures as listed on Schedule 2.04 	$70,000
	- Customer list as listed on Schedule 2.08 	$70,000

 

Schedule 2.03

Required Consents

The consent of the National Bank to the assumption of the loan at closing by
the Purchaser. 

 

 

Schedule 2.04

Fixed Assets

3-time clocks 

3-floor heaters 

5-desks 

1-glass table w/3 chairs 

1-phone system w/6 phones 

1-glass display case 

2-sewing machines 

3-air compressors 

2-gold plating machines 

8-filing cabinets 4 drawer 

2-copiers 

1-shop vac 

1-floor jack 

5-floor fans 

2-floor polishers 

2-small refrigerators 

2-microwaves 

1-computer printer 

2-hard drives 

1-computer monitor 

2-calculators 

	1994 CHEVY CAVALIER - PURPLE 	VIN # 1G1JC544SR7207146
	1983 DODGE RAM WAGON -
    BROWN 	VIN # 2B4GB11F5DK370207
	1990 CHEVY ASTRO - GREY
    	VlN # 1GNDM15Z7LB182S73
	1992 DODGE CARAVAN-GREY 	VIN # 256GKl131MR261886

 

Schedule 2.08

Customer List

ALAN FORD 

1845 S. TELEGRAPH 

BLOOMFIELD, MI 48033 

(248) 335-4101 

AVIS FORD 

29200 TELEGRAPH 

SOUTHFIELD, MI 48034 

(248) 355-7500 

BOB BORST L/M 

1950 WEST MAPLE 

TROY, MI 48083 

(248) 643-6600 

BELOTS TRIM 

9359 N. DORT HWY. 

MT. MORRIS, MI 48458 

(810) 686-2347 

BUFF WHELAN CHEVY 

40445 VAN DYKE 

STERLING HEIGHTS, MI 48313 

(586) 939-7300 

BILL COOKE BUICK 

37911 GRAND RIVER 

FARMINGTON HILLS, MI 48336 

(248) 471-0800 

CENTURY DODGE 

13500 TELEGRAPH 

TAYLOR, MI 48180 

(734) 946-9430 

COLONIAL DODGE 

24200 GRATIOT 

EAST POINTE. MI 48021 

(586) 778-1800 

CRESTVIEW CADILLAC 

555 S. ROCHESTER RD. 

ROCHESTER, MI 48307 

(248) 656-9500 

CYCLONE AUTO 

101 W. INDIANOLA 

YOUNGSTOWN, OH 44507 

(330) 782-1234 

DAL GLEISH CADILLAC 

6160 CASS AVE. 

DETROIT, MI 48202 

(313) 875-0300 

DON GOOLEY CADILLAC 

19900 E. NINE MILE RD. 

ST. CLAIR SHORES, MI 48080 

(586) 772-8200 

EXECUTIVE VEHICLE SALES 

19678 HARPER 

GROSSE POINTE WOODS, MI 48236 

(313) 881-2700 

FEIGLEY BUICK OLDS. 

750 G.M.. ROAD 

MILFORD, MI 48381 

(248) 684-1414 

FISCHER BODY 

1759 MAPLELAWN 

TROY, MI 48083 

(248) 644-6364 

HOOT MCINERNEY CADILLAC 

37777 GRATIOT AVE

PO BOX 46429 

MT. CLEMENS, MI 48046-6429 

(586) 463-9000 

HEIDEBRICHT CHEVY 

64200 VAN DYKE 

REMEO, MI 48065 

(586) 752-5900 

MASSEY CADILLAC 

24600 GRAND RIVER 

DETROIT, MI 48219 

(313) 531-2600 

MONICATTI C/P 

40755 VAN DYKE 

STERLING HEIGHTS, MI 48313 

(586) 977-1700 

NORTHLAND C/P 

14100 W. EIGHT MILE ROAD 

OAK PARK, MI 48237 

(248) 398-8200 

RINKIE CADILLAC 

8333 E. ELEVEN MILE 

WARREN, MI 48093 

(586) 758-1800 

SHELTON BUICK 

855 ROCHESTER ROAD 

ROCHESTER, MI 48307 

(248) 651-5500 

TERHUNE BUICK 

102 BRIDGE STREET 

MARINE CITY, MI 48039 

(810) 465-8866 

TOYOTA OF BLOOMFEILD 

1951 TELEGRAPH 

BLOOMFIELD, MI 48302 

(248) 333-3300 

VYLETEL BUICK 

40555 VAN DYKE 

STERLING HEIGHTS, MI 48093 

(586) 977-2800 

Schedule 2.11

Employees

 

PATRICK JAMES BONK 

395 W. BARRETT 

MADISON HEIGHTS, MI 48071 

(248) 591-0297 

$I6.00/HOUR OR COMMISSION WHICHEVER IS GREATER 

WALTER TAYLOR 

32751 KNAPP 

WARREN, MI 48093 

(586) 264-7243 

$7.00/HOUR 

SYLVESTER YAROCH 

8325 MENGE 

CENTER LINE, MI 48015 

(586) 756-9869 

$7.00/HOUR 

STEPHEN PATRICK SWEENEY 

24771 PARKSIDE #303 

HARRISON TOWNSlDP, MI 48045 

(313) 622-6375 

$800.00/PER WEEK 

JAMES ELLIOT BROWN 

12586 TIMBERS ROAD 

CARLETON, MI 48117 

(734) 587-2317 

$1100.00/PER WEEK PLUS $600.00/MONTH 

GLEN CATER 

980 VANDERPOOL 

TROY, MI 48083 

(248) 528-2135 

$7.00/HOUR 

THERE ARE NO BENEFITS PAID BY THE EMPLOYER 

Schedule 2.16

Intangible Rights

There are no other Intangible Rights other than the trade name and corporate
name set out in Article 1.01 (h) of the Agreement to which this Schedule forms
part. 

LIST OF EXHIBITS

Exhibit 4.03 (c) - Note Purchase Agreement

Exhibit 4.03 (d) - Employment Agreement

 

Exhibit 4.03(c)

NOTE PURCHASE AGREEMENT

 

        THIS AGREEMENT (the
"Agreement") is made as of the 11 day of June 2002, by and among Ideal
Accents, Inc., a Florida corporation, with its principal place of business at
10200 West Eight Mile, Ferndale, Michigan 48220 ("Purchaser") and Michael
Patten, an individual, residing at 13517 Yvonne, Warren, MI, ("Patten"). 

        WHEREAS, Patten is the sole
shareholder of Auto Conversions, Inc., a Michigan corporation (the
"Corporation") in the business of the sale, service and installation of auto
conversion and detailing products (the "Business"); 

        WHEREAS, the Corporation and
Patten have simultaneously with the execution of this Agreement entered into an
Asset Purchase Agreement with Purchaser (the "Asset Purchase Agreement")
pursuant to which Purchaser shall acquire from the Corporation certain of the
operating assets of the Corporation owned or used by it in connection with the
Business; 

        WHEREAS, on closing of the
transactions contemplated by the Asset Purchase Agreement and as a condition
precedent thereto, Patten desires to sell to Purchaser and Purchaser desires to
acquire from Patten all of his right, title and interest in and to a loan made
by Patten to the Corporation in the principal amount of $180,000, which prior to
the Closing Date (as hereinafter defined) will be evidenced by a promissory note
executed by the Corporation in form acceptable to Purchaser (the "Note"); 

        NOW, THEREFORE, in
consideration of the mutual representations, warranties and agreements set forth
herein, the parties hereto hereby agree as follows: 

ARTICLE I

TERMS OF AGREEMENT

        Section 1.01 Purchase and Sale
of Note. On the terms and subject to the conditions set forth in this
Agreement, on the Closing Date (as defined in Section 4.01 hereof),
Patten agrees to sell to Purchaser, and Purchaser agrees to purchase from
Patten, the Note. 

        Section 1.02 Liabilities Not
Assumed. Purchaser shall not assume or become obligated or in any way
responsible in respect of any of the liabilities, indebtedness or obligations of
whatever nature of Patten, whether pursuant to the operation of this Agreement
or otherwise. 

        Section 1.03 Purchase Price.
On the Closing Date, Purchaser shall pay Patten for the sale, transfer,
assignment, conveyance and delivery of the Note the sum of S 1 50,000 (the
"Purchase Price"), subject to adjustment in accordance with Section 1.04 hereof,
as follows: (1) cash in the amount of $50,000, payable $20,000 on Closing,
$15,000 on the 60dt day following Closing and $15,000 on the 120th day following
Closing and (2) delivery on Closing of 100,000 shares of common stock of the
Purchaser, such shares being valued for this purpose at $1.00 per share. 

        Section 1.04 Purchase Price
Adjustments. 

        (a)    If the
amount of the Loans and Accounts Payable (as defined in the Asset Purchase
Agreement) at Closing is less than $200,000, the Purchase Price for the Note
shall be increased on a dollar-for-dollar basis by the difference between
$200,000 and such amount of Loans and Accounts Payable. Such increased Purchase
Price shall be paid at Closing by delivery of additional shares of common stock
of Purchaser with such shares valued for this purpose at $1.00 per share. If the
amount of the Loans and Accounts Payable at Closing is in excess of $200,000,
the Purchase Price for the Note shall be decreased on a dollar-for-dollar basis
by the difference between such amount of Loans and Accounts Payable and the sum
of (x) $200,000 and (y) the amount by which the Receivables (as defined in the
Asset Purchase Agreement) at Closing is in excess of $30,000 (if any). Such
decreased Purchase Price shall be reflected by a reduction in the number of
shares of common stock of Purchaser delivered at Closing with such shares valued
for this purpose at $1.00 per share. 

        (b)    If the
holder of that certain $5,000 note evidencing indebtedness of the Corporation to
be assumed by Purchaser at Closing requires that all or any portion of such
indebtedness be paid by Purchaser at Closing and does not extend repayment
terms, Patten agrees that the cash portion of the Purchase Price payable at
Closing pursuant to Section 1.03 shall be reduced by the outstanding principal
amount of such note required to be paid at Closing, with any such amount added
to the Purchase Price installment due 60 days following Closing. 

ARTICLE II 

REPRESENTATIONS AND WARRANTIES OF PATTEN 

        Patten represents and warrants to
Purchaser that the following are true, correct and complete on the date of this
Agreement and will be true, correct and complete as of the Closing Date: 

        Section 1.05 Legal,. Valid and
Binding Agreement This Agreement is a legal, valid and binding agreement of
Patten enforceable against him in accordance with its terms. 

        Section 1.06 No Violation. 
Neither the execution, delivery or performance of this Agreement nor the
consummation of the transactions contemplated hereby is prohibited by, is a
violation of, is in conflict with, constitutes a default under (whether such
default would occur with the passage of time, the giving of notice, or both), or
requires Patten to obtain any consent, authorization or approval or registration
under, or gives any person the right to accelerate the performance of any
obligation under (a) any agreement or commitment to which Patten or the
corporation is bound, (b) any agreement, understanding or commitment relating to
any bank or other institutional loans or indebtedness of Patten or the
Corporation, (c) any judgment, decree, order, regulation or rule of any court or
governmental authority, or any statute or law applicable to Patten or the
Corporation. 

        Section 1.07 Title to Note. 
Patten has and will deliver to Purchaser on the Closing Date, good and
marketable title to the Note, free and clear of any rights thereto and of all
liens, mortgages, pledges, encumbrances, security interests, or charges of any
kind or character. 

        Section 1.08 Litigation. 
There is no action, suit, investigation or other proceeding pending or, to the
knowledge of Patten, threatened against or involving Patten before any court,
administrative agency or other governmental or arbitral body, whether or not
covered by insurance, and Patten knows of no valid basis for any such action,
suit, investigation or other proceeding. No unsatisfied judgment, order, writ,
injunction, decree or assessment or other command of any court or any federal,
state, local, foreign or other governmental department, commission, board,
bureau, agency or instrumentality has been entered against or served upon
Patten. There is no action or proceeding pending, or to the knowledge of Patten,
threatened, which questions or challenges the validity of this Agreement or any
of the transactions contemplated by this Agreement or otherwise seeks to prevent
or have the effect of preventing the consummation of the transactions
contemplated hereby. 

        Section 1.09 Note.. The
Note evidences advances made by Patten to the Corporation and constitutes good
and valid indebtedness of the Corporation to Patten, is not subject to any
defenses or rights of effect and is good and collectible at the principal amount
thereof. 

        Section 1.10 Nature of Shares:
Status of Purchaser. The shares of common stock of Purchaser to be delivered
as a portion of the Purchase Price (the "Shares") will be "restricted shares"
bearing a restrictive legend restricting their transfer in the absence of
registration under applicable Federal and state securities law or an available
exemption therefrom. The Shares are not listed or admitted to trading on any
stock exchange or automated or electronic quotation system. There is no current
market for the Shares nor can there be any assurance given that any such market
will develop. Patten acknowledges that he is acquiring the Shares for investment
purposes only and not with a view to the resale or distribution thereof. Patten
acknowledges receiving information regarding Purchaser sufficient to permit him
with his advisors to evaluate the merits of an investment in the Shares. Patten
understands that an investment in the Shares is speculative and subject to
significant risk, including the risk of loss of his entire investment. 

        Section 2.01 General
Representation and Warranty. None of the representations and warranties of
Patten made in this Agreement contains any untrue statement of material fact or
omits to state any material fact necessary in order to make any such
representation or warranty not misleading. 

ARTICLE III

REPRESENTATIONS AND WARRANTIES OF PURCHASER

        Purchaser represents and warrants
to Patten that the following are true, correct and complete on the date of this
Agreement and will be true, correct and complete as of the Closing Date: 

        Section 1.11 Organization. 
Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the State of Florida. Purchaser has all corporate power and
authority to own its property and to carry on its operations as now conducted by
it. 

        Section 1.12 Corporate Action:
Legal,. Valid and Binding Agreement All corporate action of Purchaser
necessary to authorize the execution and delivery of this Agreement and the
instruments to be executed and delivered pursuant hereto and to consummate the
transactions contemplated hereby has been or will prior to Closing be properly
taken and resolutions of the Board of Directors of Purchaser, in form
satisfactory to counsel for Patten, will be delivered on the Closing Date to
Patten. This Agreement is a legal, valid and binding agreement of Purchaser,
enforceable in accordance with its terms, except to the extent enforceability
may be limited by applicable bankruptcy, insolvency or other laws affecting the
enforcement of creditors' rights and remedies. 

        Section 1.13 No Violation. 
Neither the execution, delivery or performance of this Agreement nor the
consummation of the transactions contemplated hereby is prohibited by, is a
violation of, is in conflict with, constitutes a default under (whether such
default would occur with the passage of time, the giving of notice, or both) or
requires Purchaser to obtain any consent, authorization or approval or
registration under or gives any person the right to accelerate the performance
of any obligation under (a) any term or provision of the Articles of
Incorporation or By-laws of Purchaser, (b) any agreement or commitment to which
Purchaser is bound, (c) any agreement, understanding or commitment relating to
any bank or other institutional loans or indebtedness of Purchaser, or (d) any
judgment, decree, order, regulation or rule of any court or governmental
authority, or, to the knowledge of Purchaser, any material statute or law
applicable to Purchaser. 

ARTICLE IV

CLOSING

        Section 1.14 Closing. The
Closing shall be at the same time and place as the closing of the transactions
contemplated by the Asset Purchase Agreement (the "Closing Date"). 

        Section 1.15 Deliveries by
Patten. At Closing, Patten shall deliver to Purchaser such fully executed
documents and instruments of assignment, transfer and conveyance as are
necessary in the opinion of, and reasonably satisfactory in form to counsel of
Purchaser to transfer good and marketable title to the Note to Purchaser in
accordance with the provisions of this Agreement. 

        Section 1.16 Deliveries by
Purchaser. At Closing, Purchaser shall deliver to Patten the cash portion of
the Purchase Price payable at Closing and the Shares, determined in accordance
with Section 1.03 and 1.04 hereof. 

        Section 1.17 Conditions to
Purchaser's Obligation to Close. The obligation of Purchaser to consummate
the transactions provided for hereby is subject to the satisfaction, on or prior
to the Closing Date, of the following conditions (any of which may, in
Purchaser's sole discretion, be waived in whole or in part): (1) all
representations and warranties of Patten contained in this Agreement shall be
true and correct in all respects at and as of the Closing Date, and Patten shall
have performed all agreements and covenants required hereby be performed by him
prior to and at the Closing Date; (2) no proceeding by any person shall have
been instituted or threatened which questions the validity or legality of the
transactions contemplated hereby; (3) the transactions contemplated by the Asset
Purchase Agreement shall have closed; and; (4) all deliveries to be made to
Patten pursuant to Section 4.02 of this Agreement shall have been made. 

        Section 1.18 Conditions to
Patten's Obligations to Close. The obligation of Patten to consummate the
transactions provided for hereby is subject to the satisfaction, on or prior to
the Closing Date, of the following conditions (any of which may, in Patten's
sole discretion, be waived in whole or in part): (I) all representations and
warranties of Purchaser contained in this Agreement shall be true and correct in
all respects at and as of the Closing Date, and Purchaser shall have performed
all agreements and covenants required hereby to be performed by it prior to and
at the Closing Date; (2) no proceeding by any person shall have been instituted
or threatened which questions the validity of the transaction contemplated
hereby; (3) the transactions contemplated by the Asset Purchase Agreement shall
have closed; and; (4) all deliveries to be made by Purchaser pursuant to Section
4.03 of this Agreement shall have been made. 

ARTICLE V

ADDTIONAL AGREEMENTS

        Section 5.01 Lock-Up Agreement
Patten agrees that he will not, without the prior written consent of
Purchaser, directly or indirectly, (i) offer, pledge, sell, contract to sell,
sell any option or contract to purchase, purchase any option or contract to
sell, grant any option, right or warrant for the sale of, or lend or otherwise
dispose of or transfer any of the Shares, (ii) enter into any swap or any other
agreement or any transaction that transfers, in whole or in part, directly or
indirectly, the economic consequence of ownership of the Shares, whether any
such swap or transaction is to be settled by delivery of the Shares, in cash or
otherwise, for a period of two years from the later of the Closing Date or the
date Purchaser's common stock begins to trade on the OTC Bulletin Board or any
recognized U.S. stock exchange or automated quotation system. 

        Section 5.02 Further Actions
and Assurances. Subject to the terms and conditions hereof, each of the
parties hereto agrees that prior to and following Closing such party will use
its or his best efforts to take or cause to be taken all actions and to dot or
cause to be done all things necessary, proper or advisable to consummate 
and give effect to the transactions contemplated by this Agreement, including
but not limited to executing such documents instruments of assignment, transfer
conveyance or authorization and agreements as may be reasonably requested in
order to fulfill the purposes and the intent of this Agreement. 

ARTICLE VI

SURVIVAL AND INDEMNIFICATION

        Section 6.01 Survival of
Representations. Warranties. Covenants and Indemnities. The representations
and warranties of the parties to this Agreement contained in Articles II 
and III hereof, and the indemnities with respect
thereto, shall survive the Closing through the third anniversary of the Closing
Date, at which time they shall expire, except that any claims made prior to the
third anniversary of the Closing Date with respect to any Loss (as hereinafter
defined) shall survive until liability therefore shall be finally determined.
The covenants of the parties to this Agreement, and the indemnities with respect
thereto, shall survive the Closing until they have been fully performed or
satisfied or otherwise discharged. 

        Section 6.02 Indemnification by
Patten. Patten agrees to reimburse, indemnify and hold h8m11ess Purchaser
from and against any and all liabilities, losses, and reasonable costs and
expenses, including, but not limited to, attorneys' and accountants' fees and
disbursements (a "Loss" or collectively "Losses"), arising out of or incurred
with respect to (a) any breach of anyone or more of Patten's warranties or
representations in this Agreement or (b) the breach or nonperformance of any
covenant or obligation to be performed by Patten hereunder. 

        Section 6.03 Indemnification by
Purchaser. Purchaser agrees to indemnify and hold harmless Patten from and
against any and all Losses arising out of or incurred with respect to (a) any
breach of any one or more of Purchaser's warranties or representations in this
Agreement, or (b) the breach or nonperformance by Purchaser of any covenant or
obligation to be performed by Purchaser hereunder. 

        Section 6.04 Notification of
Claims. In the event that any party hereto proposes to make any claim for
indemnification pursuant to Sections 6.02 or 6.03
hereof, the party seeking indemnification (the
"Indemnified Party") shall deliver on or prior to the date upon which the
applicable representations, warranties, indemnities or covenants expire pursuant
to Section 6.01 hereof. a signed certificate. which certificate shall (i)
state that a Loss has occurred, (ii) specify the sections of this Agreement
under which such claim is made, and (iii) specify in reasonable detail each
individual item of Loss or other claim including the amount thereof (to the
extent reasonably ascertainable) and the date such Loss was incurred. 

        Section 6.05 Defense of Third
Party Claims and Extension of Statute of Limitations. The party to this
Agreement against which a claim for a particular item (or group of related
items) of Loss is asserted (the "Indemnifying Party") shall have the right in
its discretion and at its expense to participate in and control (a) the defense
or settlement of any claim, suit, action or proceeding (including appeals) in
respect of such item (or items) by any other person other than a party hereto
insofar as the Indemnified Party shall claim indemnification hereunder in
respect thereof, (b) any and all negotiations with respect thereto, and ( c) the
assertion of any claim against any insurer with respect thereto, and the
Indemnified Party shall not settle any such claim, suit, action or proceeding or
agree to extend any applicable statute of limitation without the prior written
approval of the Indemnifying Party, which approval shall not be unreasonably
withheld or delayed. The rights of participation, control and approval granted
to the Indemnifying Party shall be subject as a condition precedent to such
party's acknowledging to the Indemnified Party, in writing, the obligation of
the Indemnifying Party to indemnify the other party hereto in respect of such
third party's claim, suit, action or proceeding giving rise to such item. Upon
such acknowledgement, the Indemnified Party will provide the Indemnifying Party
with all reasonably available information, assistance and authority to enable
the Indemnifying Party to effect such defense or settlement and upon the
Indemnifying Party's payment of any amounts due in respect of such claim, suit,
action or proceeding, the Indemnified Party will, to the extent of such payment,
assign or cause to be assigned to the Indemnifying Party the claims of the
Indemnified Party, if any, against such third parties in respect of which such
payment is made. If the Indemnifying Party is not so willing to acknowledge such
obligation, the Indemnified Party shall be entitled to proceed with the defense
or settlement of the claim, suit, action or proceeding, any and all negotiations
with respect thereto, and the assertion of any claim against any insurer with
respect thereto at the expense of the Indemnifying Party, and the Indemnifying
Party shall have no right to participate in or control the foregoing matters.

ARTICLE Vll

GENERAL PROVISIONS

        Section 7.0 1 Termination. 
This Agreement may be terminated upon prior written notice at any time prior to
the Closing Date without liability of any party by mutual written consent of
Purchaser and Patten; and shall be terminated automatically in the event of any
termination of the Asset Purchase Agreement. 

        Section 7.02 Notices. All
notices under this Agreement shall be in writing. All notices and other
communications given pursuant to this Agreement shall be deemed to have been
properly given or delivered (i) if hand delivered or (ii) if mailed by certified
mail, postage prepaid, or by nationally recognized overnight courier service,
addressed to the appropriate party at the following addresses for such parties
set forth on the first page of this Agreement Any party may from time to time
designate by written notice pursuant to this Section 7.02 any other
address or party to which such notice or communication or copies thereof shall
be sent 

        Section 7.03 Assignment No
party shall assign this Agreement or any rights, interests or obligations
hereunder, or delegate performance of any of its obligations hereunder, without
the prior written consent of the other party . 

        Section 7.04 Waiver. Amendment.
etc. This Agreement may not be amended or supplemented, and no waivers of or
consents to departures from the provisions hereof shall be effective, unless set
forth in a writing signed by, and delivered to, both parties. No failure to
delay of a party in exercising any power or right under this Agreement will
operate as a waiver thereof, nor will any single or partial exercise of any
right or power, or any abandonment or discontinuance of steps to enforce such
right or power, preclude any other or further exercise thereof or the existence
of any other right or power. 

        Section 7.05 Binding Agreement:
No Third Party Beneficiaries. This Agreement will be binding upon and inure
to the benefit of the parties and their successors and permitted assigns.
Nothing expressed or implied herein is intended or will be construed to confer
upon or to give any other person any rights or remedies by virtue hereof. 

        Section 7.06 Severability. 
The invalidity or unenforceability of any provision hereof in any jurisdiction
will not affect the validity or enforceability of the remainder hereof in that
jurisdiction or the validity or enforceability of this Agreement, including that
provision in any other jurisdiction. To the extent permitted by applicable law,
each party waives any provision of applicable law that renders any provision
hereof prohibited or unenforceable in any respect. If any provision of this
Agreement is held to be unenforceable for any reason, it shall be adjusted
rather than avoided, if possible, in order to achieve the intent of the parties
to the extent possible. 

        Section 7.07 Counterparts:
Facsimile. This Agreement may be executed by facsimile signature transaction
and in one or more counterparts each of which when so executed and delivered
will be deemed an original but all of which will constitute one and the same
Agreement. 

        Section 7.08 Headings. The
headings used in this Agreement are for reference purposes only and shall not be
given substantive effect. 

        Section 7.09 Governing Law. 
This Agreement shall be governed by and interpreted in accordance with the laws
of Michigan without reference to its principles of conflicts of laws. 

        Section 7.10 Entire Agreement.
This Agreement constitutes the entire agreement and understanding of the
parties in respect of any subject matter contained herein. This Agreement
supersedes all prior agreements and understandings between the parties with
respect to such subject matter. 

        Section 7.11 Expenses. 
Except as otherwise specified in this Agreement, Patten and Purchaser shall pay
their own legal, accounting and other expenses incident to the negotiation and
preparation of this Agreement and the consummation of the transactions
contemplated hereby. 

        Section 7.12 Representation by
Counsel: Interpretation. Patten and Purchaser acknowledge that they have
been represented by counsel in connection with this Agreement and the
transactions contemplated by this Agreement. Accordingly, any rule of law or any
legal decision that would require interpretation of any claimed ambiguities in
this Agreement against the party that drafted it has no application and any such
right is expressly waived. The provisions of this Agreement shall be interpreted
in a reasonable manner to effect the intent of Patten and Purchaser. 

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

PATTEN

<Signed>

----------------------

Michael Paten

 

PURCHASER:

<Signed>

By: ----------------------

Title: C.E.O

 

 

Exhibit 4.03( d)

EMPLOYMENT AGREEMENT

        THIS AGREEMENT. dated as June 11,
2002, is between IDEAL ACCENTS, INC., a Florida
corporation having an office at 10200 West Eight Mile. Ferndale. Michigan 48220
(the "Company") and MICHAEL PATTEN. an individual residing at 13517 Yvonne,
Warren MI (the "Employee"). 

        WHEREAS, the Company, Auto
Conversions, Inc. ("Auto Conversions") and Employee, as the sole share holder of
Auto Conversions, are parties to an Asset Purchase Agreement, dated 6/11, 2002
(the "Asset Purchase Agreement"), pursuant to which the Company will acquire
certain of the operating assets of Auto Conversions; and 

        WHEREAS. the Employee and the
Company are also parties to a Note Purchase Agreement. dated 6/11,
2002 (the "Note Purchase Agreement"), pursuant to which the Company will
acquire from Employee all of his right, title and interest in a note evidencing
indebtedness of Auto Conversions to Employee; and 

        WHEREAS the Employee has been an
employee, owner and operator of Auto Conversions for many years; and 

        WHEREAS, in connection with the
transactions contemplated by the Asset Purchase Agreement and the Note Purchase
Agreement, the Company wishes to employ the Employee, and the Employee desires
to accept employment with the Company, upon the terms and conditions set forth
in this Agreement. 

        NOW, THEREFORE, in consideration
of the mutual covenants and agreements contained in this Agreement, the Company
and the Employee agree as follows: 

        1.    
Employment: Term. Subject to the terms and conditions set forth in this
Agreement, the Company hereby agrees to employ the Employee, and the Employee
hereby accepts suph employment, for the period beginning on the date of this
Agreement and continuing until 6/11, 2004. 

        2.    Duties.
The Employee shall perform such duties and discharge such responsibilities as
the officers of the Company shall from time to time direct including, but not
limited to, assisting the Company with retaining the customers and clients of
Auto Conversions and assisting the Company with future acquisitions of
businesses similar to Auto Conversions. The Employee agrees to perform his
duties and discharge his responsibilities in a faithful manner and to the best
of his ability and to use his best efforts to promote the interests of the
Company. The Employee agrees to devote his full business time and attention to
the supervision and conduct of the business and affairs of the Company and to
faithfully and to the best of his ability promote the interests of the Company.
The Employee further agrees that, during the term of this Agreement, he will
engage in no outside business concerns or activities and will not accept other
gainful employment, without the Company's written consent. Without limiting the
foregoing, the Employee understands and agrees that his duties for the Company
may from time to time include the performance of similar duties for and on
behalf of entities affiliated with the Company. 

        3.    
Compensation. During the term of the Employee's employment hereunder, the
Employee shall receive an annual salary of $75,000 payable in accordance with
the Company's standard practices. The Company shall deduct or withhold from all
salary payments, and from all other payments made to the Employee pursuant to
this Agreement, all amounts which may be required to be deducted or withheld
under any applicable law now in effect or which may become effective during the
term of this Agreement (including, but not limited to, Social Security
contributions and income tax withholdings). 

        4.    
Compensation. During the term of the Employee's employment hereunder, the
Employee shall receive an annual salary of $75,000 payable in accordance with
the Company's standard practices. The Company shall deduct or withhold from all
salary payments, and from all other payments made to the Employee pursuant to
this Agreement, all amounts which may be required to be deducted or withheld
under any applicable law now in effect or which may become effective during the
term of this Agreement (including, but not limited to, Social Security
contributions and income tax withholdings). 

        5.    Other
Benefits. During the term of the Employee's employment hereunder, the
Employee will be entitled to participate in the Company's health and medical
insurance plan and if the Employee elects to participate in the plan, the
Company shall pay fifty percent (50%) of the required insurance premium. The
Employee shall also be entitled to participate in such other benefits as are
offered by the Company generally to its employees. These plans, policies and
benefits are subject to change at the sole discretion of the Company. 

        6.    Vacations.
The Employee shall be entitled to vacation during each year of this
Agreement, which vacation shall be in such amounts and taken at such times as
shall be agreed upon by the Company and the Employee. 

        7.    
Reimbursement for Expenses. The Company shall reimburse the Employee for
expenses which the Employee may from time to time reasonably incur on behalf of
and at the request of the Company in the performance of his responsibilities and
duties under this Agreement; provided, however, that the Employee shall be
required to account to the Company for such expenses in the manner prescribed by
the Company. 

        8.    
Confidential Information. The Employee shall take all reasonable precautions
to safeguard the confidential nature of all Confidential Information of or
belonging to the Company and any other precautions with respect thereto which
the Company may reasonably request. For purposes of this Agreement,
"Confidential Information" shall mean all information pertaining to the business
and operations of the Company which is not generally available to the public,
including, but not limited to, trade secrets, financial information, information
as to customers and customer lists, sales and marketing information, information
as to suppliers, production and pricing information, information as to business
methods, practices and strategies, and all documents, electronic records and
other tangible items relating to or containing any such information. 

        9.    Personal
Property. All Confidential Information in the possession of the Employee on
the date hereof or hereafter disclosed or made available by the Company to the
Employee shall at all times be and remain the personal property of the Company
and all documents, electronic records, lists, plans, proposals, records and
other tangible items in the possession of the Employee on the date hereof or
hereafter supplied to the Employee which constitute or contain Confidential
Information shall, together with all copies thereof, be returned to the Company
immediately upon termination of the Employee's employment or upon the earlier
demand of the Company." 

        10.    Period of
Non-Competition. Pursuant to the Asset Purchase Agreement, the Company will
acquire certain of the operating assets and the auto conversion and detailing
business of Auto Conversions (the "Business"). In order to protect the Company's
investment in the Business and such assets, the Company has requested and the
Employee has agreed to the covenants not to compete set forth in this Section
10. For a period of three (3) years following the date of this Agreement,
the Employee agrees that he shall not, directly or indirectly, for his own
account or as agent, employee, officer, director, consultant, or as a
stockholder or equity owner of any corporation or other entity, or a member of
any firm or otherwise (a) anywhere within 200 miles of the Business or any other
similar business operation of the Company, engage or attempt to engage, in any
business activity which is the same as, substantially similar to or directly
competitive with, the Business, (b) employ or solicit the employment of any
present or future employee of the Company, (c) disrupt or interfere with, or
seek to disrupt or interfere with, the relationship of the Company and any past,
present or prospective supplier, customer or business contact of the Company
(which shall include any former supplier, customer or business contact of Auto
Conversions or the Employee). The Employee agrees that the foregoing
territorial, time and other limitations are reasonable and properly required for
the adequate protection of the business and affairs of the Company effective
from and after the date of the closing of the transactions contemplated in the
Asset Purchase Agreement, and in the event that anyone or more of such
territorial, time or other limitations is found to be unreasonable by a court of
competent jurisdiction, the Employee shall agree and submit to the reduction of
said territorial, time or other limitations to such an area, period, or
otherwise as the court may determine to be reasonable. In the event that the
Employee voluntarily terminates his employment prior to the expiration of this
Agreement or is involuntarily terminated for cause, the Employee agrees
that the terms and conditions of the non- competition covenant contained herein
shall continue for a period of three (3) years from the date of this Agreement
first written above. 

        11.    Suitable
Remedies. The Employee (a) acknowledges that his failure to comply with
Sections 8, 9 or 10 of this Agreement will result in irreparable harm to the
Company and that a remedy at law for any such failure will be an inadequate
remedy and (b) consents to the Company obtaining from a court having
jurisdiction specific performance, an injunction, a restraining order or any
other equitable relief in order to enforce such compliance. The right to obtain
such equitable relief shall be in addition to any other remedy to which the
Company is entitled under applicable law (including, but not limited to,
monetary damages). 

        12.    
Termination 

        (a)    This
Agreement and the Employee's employment hereunder shall automatically terminate
upon the death or permanent disability of the Employee. Permanent disability
shall be determined by a physician selected by the Company in good faith. The
Employee shall cooperate in submitting to any physical examination conducted
pursuant to this paragraph for purposes of determining permanent disability. 

        (b)    The Company
may, at its sole option, immediately terminate the Employee's employment for
cause upon written notice to the Employee. For purposes of this Agreement,
"cause" shall mean (i) a material breach of or substantial failure to perform
any obligation of the Employee under this Agreement which breach or failure
remains uncured for thirty (30) days after receipt of notice thereof from
the Company , (ii) the conviction of the 
Employee of a felony, (iii) gross negligence or willful misconduct of the
Employee in the performance of his duties or (iv) any fraudulent or dishonest
act committed by the Employee which results in harm or loss to the Company. 

        (c)    Upon any
termination of the Employee's employment hereunder by reason of death,
disability, voluntary termination or resignation by the Employee or termination
for cause by the Company, the Employee will receive only his salary and benefits
through the date of termination of employment and no more unless required by
law. 

        13.    Failure,.
Delay or Waiver. No course of action or failure to act by the Company or the
Employee shall constitute a waiver by such party of any right or remedy under
this Agreement, and no waiver by either party of any right or remedy under this
Agreement shall be effective unless made in writing. 

        14.    
Severability. Whenever possible, each provision of this Agreement shall be
interpreted in such a manner as to be enforceable under applicable law. However,
if any provision of this Agreement shall be deemed unenforceable under
applicable law by a court having jurisdiction, such provision shall be
unenforceable only to the extent necessary to make it enforceable without
invalidating the remainder thereof or any of the remaining provisions of this
Agreement. 

        15.    Notice.
All notices and other communications given pursuant to this Agreement shall
be deemed to have been properly given if hand delivered or mailed addressed to
the appropriate party at the address of such party as shown at the beginning of
this Agreement, postage prepaid, by certified or registered mail, return receipt
requested. Any party may from time to time designate by written notice given in
accordance with the provisions of this Section any other address or party to
which such notice or communication or copies thereof shall be sent. 

        16.    
Miscellaneous. This Agreement (a) may not be amended, modified or terminated
orally or by any course of conduct pursued by the Company or the Employee, but
may be amended, modified or terminated only by a written agreement duly executed
by the Company am the Employee, (b) is binding upon and inures to the benefit of
the Employee and his permitted assignees and the Company and each of its
successors and assignees, except that the Employee may not assign any of his
rights or obligations pursuant to this Agreement without the prior written
consent of the Company, (c) constitutes the entire agreement between the Company
and the Employee with respect to the subject matter of this Agreement, and
supersedes all oral and written proposals, representations, understandings and
agreements previously made or existing with respect to such subject matter, and
(d) shall be governed by, and interpreted and construed in accordance with, the
laws of the State of Michigan, without regard to principles of conflicts of law.

IN WITNESS WHEREOF, and intending to be legally bound hereby, the parties
have duly executed this Agreement as of the date above written. 

COMPANY: 

IDEAL ACCENTS , INC.

By:<Signature> _________________

Title: CEO

EMPLOYEE

<Signed>

_____________________________________

Michael Patten

 

ADDENDUM

Made this 11 day of June 2002.

To the Asset Purchase Agreement between Ideal Accents, Inc., a Florida
corporation (the "Purchaser"), Auto Conversions Inc., a Michigan corporation
(the "Seller"), and Michael Patten (the "Shareholder"). 

	The Shareholder and the Seller have renegotiated the terms of the loan
  with the National Bank for a repayment schedule over five (5) years, which is
  acceptable to the Purchaser. 

 
	The renegotiation however does not cover assumption of the loan by the
  Purchaser and does not acknowledge the sale of the Acquired Assets to the
  Purchaser. 

 
	The parties each acknowledge and agree that the Seller and the Shareholder
  will be in breach of the National Bank loan after closing and waive the
  requirement to obtain the National Bank's consent to the assumption by the
  Purchaser of the loan and the approval of the sale of the Acquired Assets to
  the Purchaser. 

 
	The Purchaser specifically acknowledges that the Acquired Assets will be
  encumbered by the National Bank. 

 
	Each of the parties hereby waives the condition of their obligation to
  Close the Asset Purchase Agreement that relate to the subject matter of this
  Addendum. 

 
	This Addendum shall not relieve the Purchaser of its obligations to
  indemnify the Seller and the Shareholder of their obligation to pay the
  National Bank loan. 

 
	Unless otherwise defined herein, all terms in the Addendum shall have the
  meanings ascribed to them in the Asset Purchase Agreement. 

IN WITNESS WHEREOF the parties have duly executed this Addendum as of the
date first written above. 

AUTO CONVERSIONS, INC. (Seller) 

By: _________<Signed>________________

Title: President

 

SHAREHOLDER

By: <Signed>

____________________________________

Michael PattenExhibit 10.66

 

`EMPLOYMENT AGREEMENT

 

                                  This
Employment Agreement, (the “Agreement”) effective as of August 1, 2002, is
between Metromedia International Group, Inc., a Delaware corporation with an
office at 505 Park Avenue, New York, New York 10022 (the “Company”) and Matthew
Mosner, residing at                                      (the “Executive”).

 

                                  WHEREAS,
MIG and the Executive are parties to an employment agreement dated as of
November 27, 2001 (the “2001 Employment Agreement”);

 

                                  WHEREAS,
the Company and Executive desire to amend certain of the terms contained in the
2001 Employment Agreement and to continue to provide for the Company’s
employment of Executive as the Company’s Senior Vice President and General
Counsel from and after the effective date of this Agreement;

 

                                  WHEREAS,
the Executive desires to be employed by the Company from and after the
effective date hereof on the terms and conditions herein provided; and

 

                                  NOW
THEREFORE, in consideration of the foregoing and of the respective covenants and
agreements of the parties herein contained, the parties hereto agree as
follows:

 

I.  Definitions.    Whenever the following terms are used in
this Agreement they shall have the meaning specified below unless the context
indicates to the contrary.

 

                                                A.              “Affiliate”  means a person or entity which
directly or indirectly through one or more intermediaries controls, or is
controlled by, or is under common control with another person or entity.

 

                                                B.              “Cause”  means (i) the Executive’s willful
breach of any of his agreements, representations, or covenants as set forth in
this Agreement, which breach shall not have been cured within thirty (30) days
after written notice thereof shall have been given to the Executive by the
Company; or (ii) the indictment of, the filing of a criminal “information”
against, or the conviction of the Executive of a felony, or other misdemeanor
casting doubt on the Executive’s trustworthiness or integrity.  For purposes of sub-clause (i) of this
Section 1 B, an act, or failure to act, on the Executive’s part shall be
considered “willful”  if done, or omitted to be done, by him not in
good faith and without reasonable belief that his action or omission was in the
best interests of the Company or a Subsidiary; provided, however,
that in no event shall any matter related to Metromedia International
Telecommunications, Inc.’s (“MITI”) former CEO or former General Counsel or the
Company’s actions relating to any such matters arising prior to the date of
this Agreement be grounds for terminating the Executive for “Cause.”

 

                                                C.              “Change
in Control”  shall be deemed to have
occurred if (A) following either (1) the acquisition of 30% or more of the
voting securities of the Company 

 

 

                by
any person or persons (together with all affiliates as defined in the
Securities Exchange Act of 1934, as amended, of such person or persons),
whether by tender or exchange offer or otherwise, (2) a proxy contest for the
election of directors of the Company, or (3) a merger, consolidation or other
disposition or transfer of all or substantially all of the business or assets
of the Company , (i) the persons constituting the Board of Directors of the
Company  immediately prior to the
initiation of such event, cease to constitute a majority of the Board of
Directors of the Company  upon the
occurrence of such event or within twelve (12) months after the occurrence of
such event, and such change in the persons constituting the Board of Directors
of the Company  shall not have been
approved by a majority of the persons constituting the Board of Directors of
such entity immediately prior to the initiation of such event and (ii)
following such event the scope of the Executive’s powers, duties,
responsibilities or authority under this Agreement materially changes or is reduced;
or (B) a sale, transfer or other disposition of all or substantially all of the
business or assets of the Company  to a
person or entity not controlled by or under common control with the Company  shall have been consummated and following
such event the scope of the Executive’s powers, duties, responsibilities or
authority under this Agreement materially changes or is reduced.

 

                                                D.                            “Compete”
means engaging in a business as a stockholder, an officer, a director, an
employee, a partner, an agent, a consultant, or any other individual or
representative capacity (unless the Executive’s duties, responsibilities, and
activities, including supervisory activities, for or on behalf of such business
are not related in any way directly or indirectly to such “competitive
activity”, or unless the Executive is the owner of five percent (5.0%) or less
of a publicly traded company and is a passive investor in that company) if it
involves any of the following:

 

                                                                                                1.             Engaging
in the communications and media businesses in Eastern Europe, the republics of
the former Soviet Union or in any other markets in which, at the time of
determination, the Company or any of its Affiliates owns or operates a
communications or media business, including, without limitation, a variety of telephony
businesses including cellular operators; providers of local, long distance and
international services over fiber-optic and satellite-based networks,
international toll calling and fixed wireless local loop; wireless and wired
cable television networks and broadband networks; and FM radio stations (the
“Company’s Business”).

 

                                                                2.          Rendering
services or advice pertaining to the Company’s Business to or on behalf of any
person, radio station, firm, or corporation in any such geographic areas.

 

                                                E.                          “Disability”
means the inability or failure of the Executive, by reason of physical or
mental illness or accident, for one hundred eighty 

 

2

 

(180) consecutive days (or sixty (60) consecutive days three or more
times in any single period of three hundred sixty-five (365) consecutive days)
to perform his duties under this Agreement.

 

 

F.                          “Invention” means as follows:

 

1.                                                                                 Any and all machines, apparatuses,
compositions of matter, methods, know-how, processes, designs, configurations,
uses thereof, or writings of any kind, discovered, conceived, developed, made
or produced or any improvement to them, and will not be limited to the
definition of any invention contained in the United States patent laws;

 

2.                                                                                 All matters subject to copyright
protection under United States copyright laws;

 

3.                                                                                 All matters subject to trademark
protection under trademark laws of the United States or those of any state of
the United States or under common law of any jurisdiction within the United
States; and

 

4.                                                                                 All matters subject to protection as
trade secrets under the laws or common law of any state of the United States or
of the United States.

 

G.                            “Notice
of Termination” means a written notice which shall indicate the specific
termination provision in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive’s employment under the provisions so indicated.

 

H.                              “Proprietary
Information” means any information relating to the business, operations or
personnel of the Company (including any of the Company’s Affiliates for the
purposes of the confidentiality provision of this agreement) that has not
previously been publicly released by a duly authorized representative of the
Company and will include but will not be limited to such confirmation
encompassed in all drawings, designs, 
plans,  proposals, marketing and
sales plans, financial information, costs, pricing information, customer   information, personnel information and all
methods, concepts, or ideas used in and which have or may have a material
importance too the business of the Company and/or such Affiliate.

 

I.                               “Subsidiary”
means any corporation, partnership, limited partnership, or other business
entity in which the Company or any other Subsidiary directly or indirectly owns
or controls capital stock and/or ownership interests representing more than
fifty percent (50%) of the total combined voting power of all classes of stock
or ownership interests of such corporation, 

 

3

 

partnership, limited partnership, or other business
entity.

 

                                                J.                             “Term”
means the period of the Executive’s employment for the Company, or any
successors or assigns of the Company as provided for in Section III of this
Agreement or as limited by Section VIII of this Agreement or elsewhere in this
Agreement.

 

II.                                     Employment.  The Company
hereby agrees to continue to employ the Executive from and after the date
hereof, and the Executive hereby agrees to continue to serve the Company, on
the terms and conditions set forth herein. The Company acknowledges that the
Executive’s primary place of employment shall be his home office in New Jersey.
The Executive represents and warrants that neither the execution by him of this
Agreement nor the performance by him of his duties and obligations hereunder
will violate any agreement to which he is a party or by which he is bound.

 

III.                                 Term.  The Company
shall employ the Executive for a period commencing as of the date of this
Agreement and expiring on July 31, 2003 (unless sooner terminated as provided
herein).  The Term may be extended or
renewed upon mutual written agreement of the parties hereto.

 

IV.                                 Position and Duties  
The Executive shall serve as the Senior Vice President, General Counsel
and Secretary of the Company, and shall have supervision and control over, and
responsibility for all of the legal affairs of the Company and all
Subsidiaries.  The Executive shall
devote substantially all his working time and efforts to the business and
affairs of the Company and all Subsidiaries.

 

V.                                     Compensation. 
The Executive shall be compensated as follows:

 

A.                                   Salary.  In
consideration of and in full payment for the due and faithful performance by
the Executive of the Executive’s duties hereunder, during the Executive’s
employment pursuant to this Agreement the Company will pay the Executive and
the Executive agrees to accept a salary at the rate of $275,000.00 per annum or
$22,916.67 per month (the “Base Salary”).

 

B.                                     Periodic Payments 
The Company will pay the Executive’s Base Salary hereunder periodically
on dates established by the Company, but not less frequently than once a month.

 

C.                                     Bonus.  During the
Term, in addition to the Base Salary set forth in subparagraph A of this
Section, the Executive shall be entitled to receive a bonus determined in the
discretion of the Compensation Committee of the Board of Directors of the
Company  (“Additional Bonus”).  Any Additional Bonus shall be paid to the Executive
on the next regular scheduled pay period after the date on which the bonus is
earned or as otherwise provided for by the Company’s policies and procedures.

 

4

 

D.                                    Expenses.   During the
Term, the Executive shall be entitled to receive prompt reimbursement for all
reasonable expenses incurred by him in connection with his services hereunder,
including, without limitation, first-class or business-class travel and hotel
accommodations, provided that the Executive shall account to the Company for
such expenses in accordance with Company policy.

 

E.                                      Employee Benefits; Programs; Life
Insurance. During
the Executive’s employment with the Company the Executive will be entitled to
participate in and receive benefits under and in accordance with the provisions
of any Company employee benefit plans which may hereafter be in effect which are
applicable to the Executive or other employees generally of the Company and for
which the Executive qualifies under and pursuant to such employee benefit
plans. Nothing contained herein is intended in any way to obligate the Company
to provide the Executive employee benefits of any description.  The Company will have the sole and unlimited
discretion to determine whether or not to provide any employee benefits, and,
if so, the nature, extent and costs to the Company and/or employee of any
employee benefits.  The Company
currently maintains a life insurance policy insuring the life of Executive in
an amount and under terms that are consistent with company policy.

 

F.                                      Vacation.  The
Executive shall be entitled to five (5) weeks of paid vacation in each calendar
year.  The Company acknowledges that
Executive has already accrued and not yet used as of the date of this Agreement
an additional 24.5 vacation and one personal day which Executive shall also
have the right to use or to be fully compensated for during or at the
conclusion of the Term of this Agreement

 

VI.           Unauthorized Disclosures

 

A.                                         Exclusive Property of the Company.  
The Executive understands and agrees that all Inventions, or patents,
trademarks, copyrights trade secrets or any other rights relating to any of the
foregoing, which have or may have a material importance to the business of the
Company and which are conceived or made by the Executive during the Executive’s
employment by the Company, either alone or with others, are the sole and exclusive
property of the Company and/or Met International, Inc. and/or any Affiliate of
the Company or Met International, Inc., whether or not they are conceived or
made during the Executive working time for the Company, except to the extent
generally known or knowable by the general public or persons generally
knowledgeable in the radio broadcasting field.

 

                                                   B.              Immediate
Disclosure.  The Executive will
immediately disclose to the 

 

5

 

                                    Company
any and all improvements, discoveries, ideas and inventions (whether or not
patentable) heretofore made  (other than
those which are the property of the Executive’s previous employers) or
conceived by the Executive while in the employ of the Company which directly
relates to the business of the Company, or hereafter made or conceived by the
Executive while in the employ of the Company which directly relates to the
business of the Company, either alone or in conjunction with others,  whether or not made or conceived at the
request or upon the suggestion of the Company, whether or not resulting from
any work done in the course of the Executive’s employment by the Company, and
whether or not made or conceived during or outside of the usual hours of
employment or upon or not upon any premises of the Company.

 

C.                                           Assignment.   The
Executive hereby assigns and will hereafter assign to the Company all present
or future right, title and interest in and to all Inventions relating to the
business of the Company referred to in subparagraphs B and C of this
Section.  The Executive will not
disclose any such Inventions to any third party without the written consent of
the Company.

 

D.                                          Further Assurances. 
At any time and from time to time during and after the Executive’s
employment by the Company, on the request of the Company, without further
consideration, the Executive will:  (i)
Execute specific documents of assignment in favor of the Company, or its
nominee, of any of the Inventions covered by this agreement; (ii) Execute all
papers and perform all acts the Company considers necessary or advisable for
the preparation, application  procurement, maintenance, enforcement,
and defense of patent applications and patents of the United States or other
jurisdictions of such Inventions, for the perfection or enforcement of any
trademarks,  copyrights or trade secrets
relating to such Invention, and for the transfer of any interest the Executive
may have in such Inventions. 
Notwithstanding the foregoing after the Term of this agreement, unless
the Executive’s employment was terminated for cause, the Executive will be
entitled to reasonable compensation for more than incidental time and effort
required to be expended by the Executive to fulfill the Executive’s
responsibilities under this clause (ii); (iii) Execute any and all papers and
comments which the Company considers to be necessary to vest sole right, title
and interest in the Company or its nominee in and to the above Inventions,
patent applications, patents, or any trademarks or copyright or applications
therefore relating thereto.  The
Executive will execute all documents (including those referred to above) and do
all other acts which the Company considers to be necessary to assist in the
preservation of all the Company’s interests in such Inventions.

 

E.                                            List of Inventions or Improvements. 
The Executive has identified on 

 

6

 

Exhibit A attached hereto a complete list of all
inventions or improvements which have been made or conceived or first reduced
to practice by the Executive alone or in conjunction with others prior to the
Executive’s employment by the Company and which the Executive desires to be
excluded from the operation of this agreement.

 

F.                                            Confidentiality. 
The Executive will regard, to the best of the Executive’s ability, and
preserve as confidential all Proprietary Information of  the Company and/or any Affiliate of the
Company that has been or may be obtained by the Executive during the
Executive’s employment by the Company or otherwise, whether the Executive has
information in the Executive’s memory, or in writing, or other physical form.
The Executive will neither use for the Executive’s benefit or purposes, nor
disclose to others any Proprietary Information, either during the Term of this
Agreement or thereafter, except as required by the conditions of the Executive’s
employment hereunder. This provision will not apply to Proprietary Information
which has been voluntarily disclosed to the public by the Company and/or any
Affiliate of the Company or for the benefit of the Company and/or any Affiliate
of the Company or upon its or their express authorization or has been
independently developed and disclosed by others’ who are not subject to any
obligations of confidentiality to the Company.

 

G.                                           Preservation and Delivery. The Executive will not remove from the
premises of the Company or elsewhere, except as an employee of the Company in
pursuit of the business of the Company, any documents or object containing or
reflecting any Proprietary Information or any other property of the Company
and/or Met International, Inc.  The Executive
recognizes that all such documents and objects, whether developed by the
Executive or by someone else, are the exclusive property of the Company.  Upon termination of the Executive’s
employment hereunder the Executive will forthwith deliver up to the Company all
Proprietary Information, including, without limitation, all correspondence,
accounts, records and any other documents or property made or held by the
Executive or under the Executive’s control in relation to the business or
affairs of the Company, and no copy of any such  Proprietary 
Information  will  be 
retained  by  the Executive.

 

H.                                          Permitted  Disclosures.  Under no circumstances and at
no time, during or after the Term of the Executive’s employment, will the
Executive, directly or indirectly, disclose, divulge, render or offer any
knowledge or information with respect to any Proprietary Information, except in
the course of the proper performance of the Executive’s duties hereunder and
the Executive acknowledges and agrees that any and all such information will be
received by the Executive in confidential capacity.

 

7

 

VII.   Non-Competition

 

A.                             During the Term. 
While the Executive is employed by the Company during the Term of this
Agreement, the Executive shall not Compete with any business then being
conducted by the Company or any Subsidiary.

 

VIII.          Termination.

 

A.                             Death.  The
Executive’s employment hereunder shall terminate upon his death.

 

B.                               Disability.  In the event
of the Executive’s Disability, the Company may terminate the Executive’s
employment hereunder.

 

B.                               Termination by the Company. The Company may terminate Executive’s
employment hereunder at any time, upon first providing Executive with thirty
days written notice in advance of such termination.

 

C.                               Change in Control. Upon a Change in Control, this
Agreement may be terminated prior to the end of the Term at the option of the
Executive, which termination shall be effective as of the date on which the
Executive gives notice to the Company that he is terminating his employment
pursuant to this Section VIII D.

 

E.                                Notice of Termination. Any termination by the Company or by
the Executive shall be communicated by a written Notice of Termination.

 

F.                                Date of Termination. 
“Date of Termination” shall mean (i) if the Executive’s employment is
terminated as a result of the Executive’s Disability, ten (10) days after a
Notice of Termination is duly given, (ii) the date of the Executive’s death, or
(iii) if the Executive terminates his employment hereunder or his employment
hereunder is terminated for any other reason, thirty days after the date on
which a Notice of Termination is duly given.

 

IX.               Compensation
Upon Termination or During Disability.

 

A.        Death.  If the Executive’s employment shall be terminated due to death,
the Executive’s estate or other legal representative shall be entitled to
receive any Base Salary installments and any accrued reimbursable expenses (to
the extent provided in this Agreement) due in the month of death. In the event
of the Executive’s death, rights and benefits of the Executive under employee
benefit and fringe benefit plans and programs of the Company will be determined
in accordance with the terms and provisions of such plans and programs.

 

8

 

B.                   Disability.  During any
period that the Executive fails to perform his duties hereunder due to
Disability, the Executive shall continue to receive his full Base Salary until
the Executive’s employment is terminated pursuant to Section VIII B
hereof.   After termination due to
Disability, the Executive shall be paid disability benefits in accordance with
any long-term disability plan of the Company, if any, then in effect.  In the event of the Executive’s Disability,
rights and benefits of the Executive under employee benefit and fringe benefit
plans and programs of the Company will be determined in accordance with the
terms and provisions of such plans and programs.

 

C.    Compensation
Upon Other Termination.

 

1.                     Except as provided below in Section IX C 2, if the
Executive’s employment shall be terminated for any reason other than
Disability, the Company shall pay the Executive his full Base Salary and any
accrued reimbursable expenses (to the extent provided in this Agreement) only
through the Date of Termination. Any rights and benefits the Executive may have
under employee benefit and fringe benefit plans and programs of the Company
will be determined in accordance with the terms of such plans and programs.

 

2.                     In the event the Executive’s employment
hereunder is terminated due to a Change in Control, then the Company shall pay
to the Executive the Executive’s Base Salary at the time of such termination
which amounts to Two Hundred Seventy Five Thousand ($275,000) Dollars.

 

X.            Successors;
Binding Agreement.

 

A.               The Company shall 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 by
agreement in form and substance satisfactory to the Executive 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 if no such succession had
taken place.  The foregoing shall not be
required in the event of a public offering of the Company stock or a transfer
of stock of the Company by a person or entity which controls the Company to an
Affiliate of such person or entity.

 

B.                   As used in this Agreement, “the Company”
shall mean the Company as hereinbefore defined and any successor to its
business and/or assets as aforesaid which executes and delivers the agreement
provided for in this Section X or which otherwise becomes bound by all the
terms and provisions of this Agreement by operation of law.

 

C.                   The Executive may not assign this Agreement or any
part hereof without the prior written consent of the Company, which consent may
be withheld by the Company for any reason it deems appropriate.

 

9

 

XI.                                                              Performance of Duties in Compliance With
Law.  The Executive agrees to perform his duties
in full compliance with all applicable laws, rules and regulations of any
relevant governmental authority.

 

XII.                                                          Company Policies  
The Executive agrees to comply with any and all the Company’s policies,
regulations and procedures, including but not limited to, those which relate to
the matters set forth in this agreement. 
Periodically, at the request of the Company, the Executive also agrees
to execute and/or respond fully, truthfully, accurately and completely to all
documents or questionnaires as may be subjected to the Executive in connection
therewith.

 

XIII.                                                      Results of Breach. 
In the event of a material breach or threatened material breach by the
Executive of any of the provision of sections VI, XI or XII hereof the Company
will be entitled to an injunction (without posting a bond or other security
therefor) restraining the Executive from the commission of such breach, and any
violation by the Executive of any of the provision of either such paragraph
will be grounds for immediate termination of the Executive’s employment
hereunder for Cause.

 

XIV.                                                      Notice. For purposes of this Agreement, notices and all
other communications provided for in this Agreement shall be in writing and
shall be deemed to have been duly given when delivered or mailed by United
States registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

 

                                   If to the
Company:

 

Metromedia International Group, Inc.

505 Park Avenue, 21st Floor

New York, New York 10022

Attn:  Chairman of the Board of Directors

 

                                   If to the Executive:

 

Matthew Mosner

 

 

 

or
to such other address as either party may have furnished to the other in
writing in accordance herewith, except that notices of change of address shall
be effective only upon receipt.

 

XV.                                    Miscellaneous.    No provision of this Agreement may be modified,
waived or discharged unless such waiver, modification or discharge is agreed to
in 

 

10

 

writing
signed by the Executive and such officer or director as may be specifically
designated by the Board of Directors. 
No waiver by either party hereto at any time of any breach by the other
party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of any
similar or dissimilar provision or condition at the same or at any prior or
subsequent time.  This Agreement sets
forth the entire understanding between the parties with respect to its subject
matter, and supersedes any prior or contemporaneous agreements relating
thereto.

 

XVI.                                            Validity.  The
invalidity or unenforceability of any provision or provisions of this Agreement
shall not affect the validity or enforceability of any other provision of this
Agreement, which shall remain in full force and effect.

 

XVII.                                            Counterparts. 
This Agreement may be executed in several counterparts, each of which
shall be deemed to be an original but all of which together shall constitute
one and the same instrument.

 

XVIII.                                        Withholding.  Anything in this Agreement to the contrary
notwithstanding, all payments required to be made by the Company hereunder to
the Executive or his estate or beneficiaries shall be subject to the
withholding of such amounts relating to taxes as the Company may reasonably
determine it should withhold pursuant to any applicable law or regulation.  In lieu of withholding such amounts, in
whole or in part, the Company may, in its sole discretion, accept other
provisions for payment of taxes and withholdings as required by law, provided
it is satisfied that all requirements of law affecting its responsibilities to
withhold have been satisfied.

 

XIX.                               Choice
of Law.  THIS AGREEMENT WILL BE
CONSTRUED ACCORDING TO THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO
AGREEMENTS MADE AND TO BE PERFORMED WITHIN THE STATE OF NEW YORK.

 

XX.                                                   Entire Agreement.  
This agreement (and the shareholders agreement to the extent
incorporated herein) constitutes the entire understanding between the parties,
cancel and supersedes all prior oral or written understanding and agreements
between the parties hereto and cannot be changed or terminated orally but only
by and instrument in writing signed by both parties hereto.

 

XXI.                Survival.  The covenants, representations and
warranties of this agreement will survive its execution, delivery and
performance, and all accrued obligations will survive its termination.

 

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

 

11

 

 

 

	
   

  	
   

  	
  THE COMPANY:

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  METROMEDIA
  INTERNATIONAL GROUP, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Carl
  Brazell, Jr.

  
	
   

  	
   

  	
   

  	
  Name: Carl C.
  Brazell, Jr.

  
	
   

  	
   

  	
   

  	
  Title:  Chairman of the Board

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  THE EXECUTIVE:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/
  Matthew Mosner

  
	
   

  	
   

  	
   

  	
  Matthew
  Mosner

  
	
   

  	
   

  	
   

  	
   

  	
   

  
						

 

 

12

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