Document:

Employment
      Agreement

    

    This
      Employment Agreement (“Agreement”) is made as of the ___ day of ____________
      2007 between VeruTek Technologies, Inc., a Delaware corporation (the
“Corporation”) and John Collins (“Employee”).

    

    WITNESSETH:

    

    WHEREAS,
      The Corporation is in the business of environmental remediation (the
“Business”); and

    

    WHEREAS,
      Employee desires to continue as an employee of the Corporation and for the
      terms
      hereof to govern his activities with the Corporation; and

    

    WHEREAS,
      Corporation desires to continue to employ Employee as an employee of the
      Corporation and define the terms and nature of their relationship, and Employee
      desires to continue his employment upon the terms and conditions stated herein;
      

    

    WHEREAS,
      the Corporation wishes to protect its Confidential Information (as defined
      herein) and to restrict certain future solicitation and competition by Employee;
      

    

    WHEREAS,
      Employee's execution of this Agreement is a requirement of Employee's continued
      employment with the Corporation; 

    

    WHEREAS
      Employee represents that he is or was the owner of various valuable and secret
      trade secrets, methods, and inventions for the use in the field of environmental
      remediation of contaminated water, ground, and air;

    

    WHEREAS,
      Corporation desires to obtain and/or maintain any and all formulas, methods,
      trade secrets, inventions, patents and patent applications now or hereafter
      owned by Employee or useful in the remediation of contaminated land, water,
      and
      air and to obtain the exclusive right to use, manufacture and sell throughout
      the world and to license others so to manufacture and sell such remediation
      of
      contaminated land, water, and air and any future improvements, developments,
      inventions, trade secrets, patents or patent applications methods of application
      that may be made by Employee both in the past and future;

    

    WHEREAS,
      upon execution of this Agreement, concurrently therewith and in consideration
      therefore, Employee shall and hereby does release, remise and forever discharge
      Corporation and its suppliers and customers from direct or contributor
      infringement of any claims of any Employee patent rights by reason of the
      manufacture, use or sale of S-ISCO by Corporation or Corporation affiliates,
      the
      supply of materials for such manufacture by Corporation or Corporation
      affiliates, or the use and/or sale of S-ISCO purchased from Corporation or
      Corporation affiliates, prior to the effective date of this
      Agreement;

    

    WHEREAS,
      Employee has the requisite right and authority to grant rights and licenses
      under information and letters patent and to perform all obligations under this
      Agreement and all attachments hereto. Employee shall disclose to Corporation
      and
      Corporation shall accept, under the terms and conditions of any separate
      agreements all information which is in Employee's possession as of the date
      of
      this Agreement and which may come into his possession during the term hereof.
      In
      addition, at the expense of Corporation, Employee shall assist Corporation
      in
      obtaining, defending, developing, and enforcing patents, worldwide which are
      based on or relate to such confidential and proprietary information whether
      conceived or reduced to practice by him. Employee shall at all times keep
      Corporation informed of all inventions techniques, formulas, proprietary
      information, made, conceived, by him in whole or in part which either result
      from any work he may do at the request of Corporation, as is required by this
      agreement, or affiliated companies, present or contemplated activities,
      investigations or obligations (the "proprietary information"). Affiliated
      companies shall mean companies with which joint enterprises are carried on
      or in
      which the Corporation has any interest;

    

    WHEREAS,
      no representation or warranty has been or is made by either party hereto to
      the
      other party that S-ISCO may be manufactured, used or sold free of patent rights
      or proprietary rights of others; it being understood that neither party hereto
      shall be liable to the other for any loss, damage or expense arising from any
      claim of patent or other proprietary right infringement upon the manufacture,
      use or sale of S-ISCO or the exercise of any license or right under this
      Agreement;

     

    
      
         

      

      
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    WHEREAS,
      Employee represents and warrants to Corporation that (a) he is legally free
      to
      make and perform this Agreement, (b) he has no obligation to any other person
      or
      entity that would or will affect or conflict with any of his obligations under
      this Agreement, (c) the execution and delivery of this Agreement, and the
      performance by him of his obligations under this Agreement, will not, with
      or
      without the giving of notice and/or the passage of time, (i) violate any law,
      regulation, judgment, writ, injunction, decree or order of any court, arbitrator
      or governmental agency applicable to him or (ii) conflict with, result in the
      breach of any provision of or the termination of, or constitute a default under,
      any agreement to which Employee is a party or by which Employee is or may be
      bound, including without limitation, any non-competition covenant or agreement
      binding on, or agreed to, or entered into by, Employee; and

    

    WHEREAS,
      the parties hereto agree that this Agreement shall supersede any other
      agreements regarding Employee’s provision of services to the Corporation,
      including, without limitation, that certain agreement effective as of January
      1,
      2006.

    

    NOW,
      THEREFORE, in
      consideration of the premises, in further consideration of Employee’s employment
      or continued employment by Corporation, and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged,
      Corporation and Employee hereby agree as follows:

    

    1. Incorporation
      of Recitals.

    

    The
      above
      recitals are, and shall be construed to be, an integral part of this Agreement.
      The parties hereto acknowledge and agree that this Agreement formalizes in
      writing certain understandings and procedures which have been in effect since
      the time Employee was initially employed and/or engaged by the
      Corporation.

    

    2. Scope
      of Employment.

    

    A. The
      Corporation agrees that during the term of this Agreement, the Corporation
      shall
      employ Employee to perform such duties and exercise such authority which are
      of
      the type and nature normally assigned to such employees of a corporation of
      the
      size, stature, and nature of the Corporation, as the Board of Directors of
      the
      Corporation may from time to time assign, including, without limitation, to
      develop, improve, invent, and discover methods for the remediation of polluted
      water, ground and air.

    

    B. Employee
      hereby accepts such employment and agrees that during the term of this Agreement
      that: 

    

    

    (i) Employee
      will perform such duties in the foregoing capacity, and agrees that fiduciary
      duties normally applicable to corporate officers, including, without limitation,
      those of loyalty and due care, shall be applicable to Employee;

    

    (ii) Employee
      will devote his working time and attention, as well as his best efforts and
      abilities to the performance of his duties hereunder and to the affairs of
      the
      Corporation, and shall not engage in any other gainful employment or other
      provision of services to a third party, or other commercial or business activity
      without the prior written consent of the Corporation;

    

    (iii) Employee
      will not engage in any other activities which conflict, interfere with or
      otherwise adversely affect in any way the proper discharge of his duties
      hereunder and compliance with the covenants of Employee contained
      herein;

    

    (iv)
       Employee
      will not enter into contracts or commitments on behalf of the Corporation
      without the prior written authorization of the Board of Directors or an
      authorized Officer, and Employee acknowledges and agrees that he shall not
      have
      any authority to do so without such prior consent; and

     

    
      
         

      

      
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    (v) Employee
      will comply with all lawful policies which from time to time may be in effect
      at
      the Corporation or adopted by the Corporation and conveyed to
      Employee.

    

    3.
      Compensation.

    

    As
      compensation for the services to be performed by Employee hereunder, the
      Corporation agrees to pay to Employee, and Employee agrees to accept, the
      following:

    

    A. Base
      Compensation. Employee shall receive Base Compensation during the term of this
      Agreement commencing at the salaried rate of $222,750 per annum in respect
      of
      his employment hereunder, less applicable payroll deductions required by law.
      Such Base Compensation shall be paid in substantially equal semi-monthly
      installments, or more frequently in accordance with the policies of the
      Corporation. Employee is also eligible to receive a discretionary bonus, which
      is determined in the sole discretion of the Board of Directors and is not earned
      unless Employee remains employed with the Corporation at the time any such
      bonus
      may be delivered.

    

    B.
       Employee
      Benefits. In addition to Employee’s Base Compensation, the Corporation shall
      make available to such Employee, during the term hereof:

    

    (i) Participation
      in any plans, to the extent such plans are available to all similarly situated
      employees (unless restricted due to Employee’s income level), which are from
      time to time offered to the Corporation’s employees with respect to group
      health, life, accident and disability insurance or payment plans, retirement
      plans, profit sharing or similar employee benefits, if any, but exclusive of
      the
      Corporation’s Incentive Plan pursuant to which Employee’s participation is
      described below.

    

    (ii) Four
      (4)
      weeks (i.e. twenty business days) paid annual vacation, accrued based upon
      time
      employed (i.e. accrued at the rate of five (5) days for each calendar quarter),
      as well as paid holidays designated as such by the Corporation, and other fringe
      benefits regularly provided to the similarly situated employees of the
      Corporation; and

    

    (iii) Except
      as
      set forth in this subparagraph, the Corporation shall reimburse Employee for
      all
      reasonable and necessary business expenses incurred by Employee in connection
      with Employee’s performance of services hereunder if and only if the Employee
      receives the Corporation’s written approval of any such expense prior to
      incurring the expense and, if the expense was necessary but no such advance
      approval was obtained, the Corporation shall reasonably consider reimbursement
      of the expense in accordance with corporate policy. The Corporation shall
      reimburse Employee for such expenses as soon as it is practicable in accordance
      with the Corporation’s reimbursement policy following submission to the
      Corporation by Employee of a written itemized account of such expenditures,
      together with receipts therefor, all in accordance with the Corporation’s policy
      and with applicable law, rules and regulations governing deductibility of such
      amounts under the Internal Revenue Code of 1986, as amended.

    

    C. Discretionary
      Bonus. The Board of Directors may elect on a annual basis to provide Employee
      with a discretionary bonus of up to 50% of Employee’s then current rate of Base
      Compensation.

    

    D. Option
      to
      Acquire Stock. To the extent that the Corporation has a stock option or other
      similar incentive plan in place, Employee shall only be eligible to participate
      in such plan to the extent that Employee’s total ownership in the Corporation is
      less than ten percent (10%) of all issued and outstanding stock.

    

    4. Termination.

    

    A. Termination
      by the Corporation with Cause. The Corporation may terminate Employee’s
      employment with “Cause” as hereafter defined in this Section 4A upon written
      notice. “Cause” shall mean Employee’s: (i) conviction of, or indictment for,
      criminal negligence or criminal acts in the work place or conviction of a
      felony, (ii) violation of the Corporation’s material policies or procedures that
      have been made known to Employee, or violation by Employee on Corporation
      premises of any law or material regulation, (iii) material breach or violation
      of this Agreement, (iv) commission of any act of theft, fraud, dishonesty,
      or
      falsification of any employment or Corporation records, (v) appropriation of
      a
      business opportunity or transaction in contravention of Employee’s duties to the
      Corporation, (vi) any improper action by Employee which has a detrimental effect
      on the Corporation’s reputation or business, (vii) failure to perform the duties
      assigned or requested by Employee’s superiors, or (viii) gross negligence,
      incompetence or willful misconduct by Employee in the performance of Employee’s
      duties. In the event that Employee is terminated with “Cause,” Employee shall
      only be entitled to the payment of Employee’s then-current accrued, unpaid Base
      Compensation and accrued unused vacation, each prorated through the date of
      termination. In the case of an event of Cause under clauses (ii), (iii), (vi)
      or
      (vii), with the exception of any such events of Cause arising from breach of
      any
      of the provisions of Sections 7-13 hereof, Employee shall be provided the
      opportunity to cure such event within a reasonable time following written notice
      thereof and not to exceed thirty (30) days following such notice (the “Cure
      Period”), and if the Employee desires to effect a cure to same then Employee
      shall provide the Corporation with written notice within five business days
      following receipt of notice of Cause of such desire, and in the absence of
      such
      cure by Employee within the Cure Period Employee shall be deemed terminated
      upon
      the expiration of the Cure Period unless otherwise mutually agreed in writing.
      However, notwithstanding the foregoing, Employee shall not be provided the
      opportunity pursuant to the foregoing sentence to cure Employee’s repeated or
      persistent actions, failures or omissions occurring within a three month period
      which constitute Cause (in the absence of cure) hereunder and which would
      otherwise be curable but for such reoccurrence. 

     

    
      
         

      

      
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    B. Termination
      by the Corporation Without Cause. The Corporation may terminate Employee’s
      employment without Cause upon fourteen (14) days written notice. In the event
      that Employee is terminated without Cause, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an
      amount
      in respect of individual severance pay equal to the then current full year
      Base
      Compensation plus Bonus Compensation.
      During
      the fourteen (14) day period following the delivery of such notice, Employee
      shall reasonably cooperate with the Corporation in arranging for an orderly
      transference of his responsibilities.

    

    C. Termination
      by Employee Without Good Reason. Employee may terminate his employment without
      Good Reason upon thirty (30) days prior written notice. In the event that
      Employee terminates his employment without Good Reason, Employee shall be
      provided with payment of Employee’s then-current unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination. During
      the thirty (30) day period following the delivery of such notice, Employee
      shall
      reasonably cooperate with the Corporation in locating and training Employee’s
      successor and arranging for an orderly transference of his responsibilities.
      

    

    D.
      Termination by Employee for Good Reason. Employee may terminate his employment
      hereunder for Good Reason. “Good Reason” shall mean (i) a material diminution of
      Employee’s employment duties without Employee’s consent, which consent shall not
      be unreasonably withheld; (ii) a material and persistent breach by the
      Corporation of Section 3 hereof. Employee shall provide the Corporation thirty
      (30) days prior written notice of his intention to resign for Good Reason which
      states his intention to resign and sets forth the reasons therefore, and any
      resignation without delivery of such notice shall be considered to be a
      resignation for other than Good Reason. In the event that Employee terminates
      his employment pursuant to this Section 4D, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an amount in respect of individual severance pay equal to the then current
      full year Base Compensation plus Bonus Compensation. During the thirty (30)
      day
      period following the delivery of such notice, Employee shall reasonably
      cooperate with the Corporation in locating and training Employee’s successor and
      arranging for an orderly transference of his responsibilities. 

    

    E. Termination
      Due to Employee’s Death or Disability. In the event that this Agreement and
      Employee’s employment is terminated due to Employee’s death or disability,
      Employee (or Employee’s legal representatives) shall be paid Employee’s
      then-current unpaid Base Compensation and accrued, unused vacation, each
      prorated through the date of termination. For purposes of this Agreement, the
      term “disability” shall mean the mental or physical inability to perform
      satisfactorily the essential functions of Employee’s full-time duties, with or
      without a reasonable accommodation, as determined by a physician mutually agreed
      by the Corporation and Employee, such agreement not to be unreasonably withheld;
      provided, however, that any disability which continues (subject to any
      requirements of applicable law) for one hundred and twenty (120) days (whether
      or not consecutive) in any twenty-four (24) month period shall be deemed a
      total
      and permanent disability.

     

    
      
         

      

      
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    5. Disposition
      of Options on Termination.

    

    To
      the
      extent Employee has been issued an option to acquire shares of the Corporation’s
      common stock (the “Option,” at any point during Employee’s employment, in the
      event of termination of Employee’s employment with the Corporation for any
      reason, any unvested Options shall immediately lapse upon notice of such
      termination, and any vested Options must be exercised within the time limits
      set
      forth in the applicable option agreement or grant letter, or they will also
      lapse.

    

    6. Employee
      Work Standards

    

    Employee
      will: a) serve Corporation (and such of its subsidiary or parent companies
      as
      Corporation may designate) faithfully, diligently and to the best of Employee’s
      ability in a loyal and dedicated manner under direction of the Director(s)
      and
      Officers of Corporation; b) in the course of employment, devote his/her best
      efforts and substantially all his/her entire time, attention, energy,
      experience, talent, expertise and knowledge to the performance of his/her duties
      to Corporation; c) not engage in any other gainful employment or engagement
      or
      other commercial or business activity not for the benefit of the Corporation
      without the prior written consent of the Corporation; and d) not do anything
      inconsistent with Employee’s duties to Corporation; e) comply with all lawful
      policies which from time to time may be in effect at the Corporation or adopted
      by the Corporation and conveyed to Employee and f) perform his/her duties as
      a
      professional at all times and will conduct all activities in accordance with
      the
      highest professional standards.

    

    7. Representations,
      Warranties and Certain Covenants of Employee.

    

    Employee
      hereby represents, warrants and covenants to the Corporation that:

    

    A. Employee
      is not subject to any agreement, including any confidentiality, non
      solicitation, non competition, or invention assignment, agreement or other
      restrictive covenant, whether oral or written, which would in any way restrict
      or prohibit Employee's ability to execute this Agreement, perform Employee’s
      obligations under this Agreement or otherwise comply with the terms of this
      Agreement;

    

    B. Employee
      has respected and at all times in the future will continue to respect the rights
      of Employee's previous employer(s) in trade secret and confidential information
      (including with respect to proprietary documents, computer software programs,
      computer discs, customer lists, and any other material which is proprietary
      to
      Employee's previous employer(s)) in accordance with applicable agreements,
      if
      any, and applicable law;

    

    C. Employee
      has left with Employee’s previous employers all proprietary documents, computer
      software programs, computer discs, customer lists, and any other material which
      is proprietary to Employee's previous employer(s), has not taken copies of
      any
      such materials and will not remove or cause to be removed any such material
      or
      copies of any such material from such previous employer(s) in violation of
      Employee’s agreements, if any, with previous employers;

    

    D. Employee
      has not (since the date of his employment or engagement with the Corporation)
      done, and thereafter will not do anything, by contract or otherwise, which
      would
      impair the rights of the Corporation in and to any Corporation Developments
      (as
      defined below), the Corporation Materials (as defined below), or the ability
      of
      Employee to perform Employee's obligations under this Agreement;

    

    E. Employee
      shall not, during the term of his employment with the Corporation, do anything
      or authorize any other person or entity to do anything contrary to the material
      rights and interests of the Corporation in contravention of Employee’s
      obligations under this Agreement.

    

    F. The
      information Employee supplied to the Corporation in connection with Employee’s
      employment is true, correct, and complete; 

     

    
      
         

      

      
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    G. So
      long
      as Employee remains employed by the Corporation, any and all business
      opportunities from whatever source which Employee may receive or otherwise
      become aware of in connection with his employment with the Corporation relating
      to the business of the Corporation shall belong to the Corporation, and unless
      the Corporation specifically, after full disclosure by Employee of each and
      any
      such opportunity, waives its right in writing, the Corporation shall have the
      sole right to act upon any of such business opportunities as the Corporation
      deems advisable; and

    

    H.
       Employee
      has no inventions, improvements, discoveries, software or writings useful to
      the
      Corporation in the normal course of its business, which were conceived, made
      or
      written prior to the commencement of my employment or engagement with the
      Corporation and which are excluded from this Agreement, except as described
      in
      Schedule 7H attached hereto.

    

    8. Work
      for Hire and Invention Assignment. 

    

    8.1
       Employee
      agrees to promptly disclose to Corporation any and all inventions, improvements,
      methods, processes, concepts, secrets, ideas, trademarks, designs, technologies,
      computer software, software code, original works of authorship, formulas,
      discoveries, patentable subject matter, copyrightable works, products, marketing
      and business ideas, and all other improvements, know-how, data, rights, and
      claims related to the foregoing, whether or not patented or patentable, or
      subject to copyright, trademark or service mark protections, and whether or
      not
      reduced to practice, which are made, conceived, developed or written by Employee
      during the term of employment with the Corporation and either in connection
      with
      the duties of Employee, or which are capable of being used by the Corporation
      in
      connection with its business (collectively, “Developments”), including those
      which: (i) relate to the Corporation’s current or contemplated business or
      activities; (ii) relate to the Corporation’s actual or demonstrably anticipated
      research or development; (iii) result from any work performed by Employee for
      the Corporation; (iv) involve the use of the Corporation’s equipment, supplies,
      facilities or trade secrets; (v) result from or are suggested by any work done
      by the Corporation or at the Corporation’s request, or any projects specifically
      assigned to Employee; or (vi) result from Employee’s access to any of the
      Corporation’s memoranda, notes, data, formulae, specifications, inventions,
      processes, equipment or other materials (the items in this clause (vi)
      collectively, “Corporation Materials”). All such Developments shall belong to
      and become the property of the Corporation. The provisions of this Section
      shall
      not apply to developments for which no equipment, supplies, facilities, or
      trade
      secret information of the Corporation was used and which were developed on
      the
      Employee’s own time, unless (i) the development relates to the business of
      Corporation or to the Corporation’s actual or demonstrably anticipated research
      or development, or (ii) the development results from any work performed by
      the
      Employee for the Corporation. 

    

    8.2 Employee
      agrees that any and all work performed hereunder and any resulting Developments
      shall be “work made for hire” within the meaning of the Copyright Act of 1976,
      as amended. Employee hereby assigns to the Corporation his or her entire right,
      title and interest in said Developments. Furthermore, Employee shall execute
      all
      instruments of assignment and any other documents requested by Corporation
      relating to the Corporation’s ownership of any and all Developments or to
      applications for patents, copyrights and trademarks and the enforcement and
      protection thereof.

    

    8.3 Employee
      shall mark all Developments with the Corporation’s copyright or other
      proprietary notice as directed by the Corporation and shall take all actions
      deemed necessary by the Corporation to protect the Corporation’s rights therein
      including, without limitation, the maintenance of such item in confidence to
      the
      same degree as required for Confidential Information (as herein defined) or
      as
      otherwise instructed by the Corporation. In the event that the Developments
      shall be deemed not to constitute works made for hire, or in the event that
      Employee should otherwise, by operation of law, be deemed to retain any rights
      (whether moral rights or otherwise) to any Developments, Employee agrees to
      assign to the Corporation, without further consideration, Employee’s entire
      right, title and interest therein.

    

    8.4 Employee
      agrees to keep and maintain adequate and current written records of all
      Developments and their development made by Employee (solely or jointly with
      others) during the term of Employee’s employment with the Corporation. These
      records will be in the form of notes, sketches, drawings, and any other format
      that may be specified by the Corporation. These records will be available to
      and
      remain the sole property of the Corporation at all times.

     

    
      
         

      

      
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    8.5
       Employee
      further agrees that all information and records pertaining to any idea, process,
      trademark, service mark, invention, technology, computer hardware or software,
      original work of authorship, design, formula, discovery, patent, copyright,
      product, and all improvements, know-how, rights, and claims related to the
      foregoing (“Intellectual Property”), that Employee does not believe to be a
      Development, but that is conceived, developed, or reduced to practice by the
      Corporation (alone by Employee or with others) during the Employee’s employment
      with the Corporation and for six months thereafter, shall be disclosed promptly
      by Employee to the Corporation (such disclosure to be received in confidence).
      The Corporation shall examine such information to determine if in fact the
      Intellectual Property is a Development subject to this Agreement.

    

    8.6
       Because
      of the difficulty of establishing when any Developments are first conceived
      by
      Employee, or whether they result from Employee’s access to Confidential
      Information or Corporation Materials, Employee agrees that any Development
      shall, among other circumstances, be deemed to have resulted from Employee’s
      access to Corporation Materials if: (i) it grew out of or resulted from
      Employee’s work with the Corporation or is related to the business of the
      Corporation, and (ii) it is made, used, sold, exploited or reduced to practice,
      or an application for patent, trademark, copyright or other proprietary
      protection is filed thereon, by Employee or with Employee’s significant aid,
      within six months after termination of Employee’s employment with the
      Corporation.

    

    8.7
       Assistance.
      Employee further agrees to reasonably assist the Corporation in every proper
      way
      (but at the Corporation’s expense) to obtain and from time to time enforce
      patents, copyrights, or other rights or registrations with respect to
      Developments in any and all countries, and to that end will execute all
      documents necessary:

    

    (i) to
      apply
      for, obtain and vest in the name of the Corporation alone (unless the
      Corporation otherwise directs) letters patent, copyrights, or other analogous
      protection in any country throughout the world and when so obtained or vested
      to
      renew and restore the same; and

    

    (ii) to
      defend
      any opposition proceedings in respect of such applications and any opposition
      proceedings or petitions or applications for revocation of such letters patent,
      copyright or other analogous protection; and 

    

    (iii) to
      cooperate with the Corporation (but at the Corporation’s expense) in any
      enforcement or infringement proceeding on such letters patent, copyright or
      other analogous protection.

    

    9. Covenant 

     

    9.1
      Covenant.

    

    Employee
      acknowledges and agrees that:

    

    A. During
      the course of Employee's employment with the Corporation, Employee will learn
      about, will help to develop and will develop, and will be entrusted in strict
      confidence with (1) confidential and proprietary information and trade secrets
      that are or will be owned by the Corporation and are not available to the
      general public or the Corporation’s competitors concerning the Corporation,
      including its sales, operations, financial condition, financial projections,
      profit margins, personnel matters (including the identity of the Corporation’s
      top-performing personnel, hiring criteria, and training techniques),
      intermediate and long-term business goals and strategic plans, promotional
      strategies and techniques, pricing and cost structure of services, customer
      identities, customer relationship histories, customer records, customer service
      matters, customer preferences, needs and idiosyncrasies, formal customers and
      prospects, identity of vendors and suppliers, special vendor and supplier
      pricing and delivery terms, computer programs and codes, research and
      development, specifications, algorithms, processes, formulas methods, technical
      data, know-how, complications, designs, drawings, photographs, other
      machine-readable records, business activity and other confidential aspects
      of
      the Corporation and its business and operations; (2) information which the
      Corporation will be required to keep confidential in accordance with
      confidentiality obligations to third parties; and (3) other matters and
      materials belonging to or relating to the internal affairs of the Corporation,
      including information recorded on any medium which gives it an opportunity
      to
      obtain an advantage over its competitors which do not know or use the same
      or by
      which the Corporation derives actual or potential value from such matter or
      material not generally being known to other persons or entities which might
      obtain economic value from its use or disclosure (all of the foregoing being
      hereinafter collectively referred to as the "Confidential
      Information");

     

    
      
         

      

      
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    B. It
      is
      imperative that the Employee treat whatever information Corporation wants to
      protect from disclosure as genuinely “Confidential,” i.e. restricting access by
      pass code, stamping hard copies of customer and prospect lists “Confidential,”
and restricting access to the customer and prospect lists except by personnel,
      and the like. 

    

    C. The
      Corporation has developed or purchased and will develop or purchase the
      Confidential Information at substantial expense in a market in which the
      Corporation faces intense competitive pressure, and the Corporation has kept
      and
      will keep secret the Confidential Information;

    

    D. The
      Corporation’s customer relationships are or will be near permanent and such
      relationships are significant assets belonging to the Corporation which have
      been or will be developed through a substantial investment of time, effort,
      and
      expense in the Corporation’s worldwide market, and, as a result of Employee’s
      employment with the Corporation, (i) Employee will have contact with such
      customers which he would not otherwise have had and (ii) such customers will
      associate the Corporation’s goodwill with Employee;

    

    E. The
      Corporation has developed and will develop a wealth of intimate knowledge
      regarding its customers, and the identity of the Corporation’s customers is not
      generally known in the worldwide community in which the Corporation’s businesses
      are located; and, for these and other reasons, the Corporation has a legitimate,
      protectable interest in the identity of its customers and the method of
      operations of its Business;

    

    F. Employee’s
      skills in the area of Corporation’s Business will be developed and enhanced as a
      result of Employee’s employment relationship with the Corporation;

    

    G. The
      Corporation has a legitimate interest in protecting the goodwill, customer
      information, customer relationships, and use of Employee’s skills by means of
      enforcement of the restrictive covenants set forth in this
      Agreement;

    

    H. Nothing
      in this Agreement shall be deemed or construed to limit or take away any rights
      the Corporation may have, at any time, under common law or as to any of the
      Confidential Information that constitutes a trade secret under the Delaware
      Trade Secrets Act or common law. 

    

    I. For
      purposes of this Agreement, “customer” or “client” includes any person or entity
      (including, but not limited to, state, local, municipal or federal government
      entities) who is then a customer or client of the Corporation, or its affiliates
      or subsidiaries, and any person or entity who was a customer or client at any
      time during the preceding thirty-six months, and any prospective customers
      or
      clients with which Employee has knowledge (actual or constructive) that the
      Corporation has been either actively marketing (which shall include, without
      limitation, the delivery by Corporation of an informal or formal proposal during
      the prior one year period) or soliciting the sale of the Corporation’s products
      or services to it, or negotiating with the prospect to become a customer or
      client of the Corporation.

    

    9.2
      Confidentiality
      Covenants.

    

    In
      consideration of Employee’s employment and compensation and other consideration
      described herein, Employee acknowledges and agrees that:

    

    A. To
      the
      extent that Employee developed or had access to Confidential Information before
      entering into this Agreement, Employee represents and warrants that he has
      not
      used for his own benefit or for the benefit of any other person or entity,
      and
      he has not disclosed, directly or indirectly, to any other person or entity,
      other than the Corporation, any of the Confidential Information. Unless and
      until the Confidential Information becomes publicly known through legitimate
      means not involving an act or omission by Employee or the Corporation’s other
      employees or independent contractors:

    

    (i) The
      Confidential Information is, and at all times hereafter shall remain, the sole
      property of the Corporation; 

     

    
      
         

      

      
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    (ii) Employee
      shall use his best efforts and the diligence to guard and protect the
      Confidential Information from disclosure to any competitor, customer or supplier
      of the Corporation or any other person, firm, corporation, or other
      entity;

    

    (iii) Unless
      the Corporation gives Employee prior express written permission, during his
      employment and thereafter, Employee shall not use for his own benefit, or
      divulge to or use for the benefit of any competitor or customer or any other
      person, firm, corporation, or other entity, any of the Confidential Information
      which Employee may obtain, learn about, develop, or be entrusted with as a
      result of Employee's employment by the Corporation; and

    

    (iv) Except
      in
      the ordinary course of the Corporation's Business, Employee shall not seek
      or
      accept any Confidential Information from any former, present, or future
      contractor or employee of the Corporation.

    

    B. Employee
      also acknowledges and agrees that all documentary and tangible Confidential
      Information including, without limitation, such Confidential Information as
      Employee has committed to memory, is supplied or made available by the
      Corporation to Employee solely to assist him in performing his duties under
      this
      Agreement. Employee further agrees that upon termination of his employment
      with
      the Corporation for any reason:

    

    (i) Employee
      shall not remove from Corporation property, and shall immediately return to
      the
      Corporation, all documentary or tangible Confidential Information in his
      possession, custody, or control and not make or keep any copies, notes,
      abstracts, summaries, tapes or other record of any type of Confidential
      Information; and 

    

    (ii) Employee
      shall immediately return to the Corporation any and all other Corporation
      property belonging to or within the custody or possession of the Corporation
      or
      as to which the Corporation has the right of possession, in his possession,
      custody or control, including, without limitation, all internal manuals,
      customer or client work papers, data, software, and other written materials
      (and
      all copies thereof) prepared for internal use by the Corporation or used in
      connection with the Business or operations of the Corporation, any and all
      keys,
      security cards, passes, credit cards, and marketing literature. 

    

    10. Return
      of Material. 

    

    Upon
      termination of employment with Corporation, and regardless of the reason for
      such termination, or upon the Corporation’s request, Employee will leave with,
      or promptly return to Corporation and its customers all documents, records,
      notebooks, magnetic tapes, disks, computers, network hardware, and other
      materials, including all copies in his/her possession or control which contain
      Confidential Information of Corporation and its customers and prospects or
      any
      other information concerning Corporation and its customers, prospects, products,
      services or customers, whether prepared by the Employee or others, including,
      without limitation, Corporation Materials and Developments.

    

    11. Non-Solicitation
      of Employees.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that Employee will not during both the term
      of
      this Agreement and the twenty four (24) months following the termination of
      Employee's employment, without the written consent of the Corporation, for
      any
      reason, directly or indirectly, or by action in concert with others, induce
      or
      influence, or seek to induce or influence, any person who is engaged by the
      Corporation as an employee, agent, independent contractor or otherwise, to
      terminate his/her employment or engagement , nor shall Employee prior to the
      expiration of such period, directly or indirectly, solicit for employment or
      engagement, employ or engage, attempt to employ or engage, or advise or
      recommend to any other person or entity that such person or entity employ or
      engage or solicit for employment or engagement, any person or entity employed
      or
      engaged by the Corporation.

     

    
      
         

      

      
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    12.
      Non-Solicitation of Customers.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that prior to the termination of and for
      a
      period of twenty four (24) months immediately following the termination of
      Employee's employment with the Corporation, Employee will not, either for
      himself or on behalf of any other person or entity, directly or indirectly,
      solicit, attempt or offer to provide services or products or provide services
      or
      products, competitive with those services rendered or products sold by or on
      behalf of the Corporation during the term of this Agreement, to any past or
      present customer or client (each as defined in Section 9.1) of the Corporation.
      

    

    13.
      Covenants Not To Compete and Anti-Piracy.

    

    13.1 Employee
      acknowledges that the services rendered by Employee on behalf of the Corporation
      are of a special and unique character, and that during the performance of such
      services, Employee will acquire, because of the special relationship among
      the
      Corporation, Employee and the Corporation’s customers and clients, valuable
      information, trade secrets, customer lists, proprietary information, financial
      information and unique skills. Accordingly, Employee covenants, in consideration
      of Employee’s employment and compensation and other consideration described
      above, that while Employee is employed by the Corporation and for the Noncompete
      Period (as herein defined) after the termination of Employee’s employment with
      the Corporation for any reason, Employee shall not without the prior written
      consent of the Corporation, (i) directly or indirectly, engage in any activity
      which is competitive with the Business of the Corporation or (ii) own, manage,
      join, invest in, finance or control, accept employment with, or provide
      consulting or advisory services to, directly or indirectly, any Competitive
      Business. “Noncompete Period” shall mean a period of twelve months.

    

    13.2 “Competitive
      Business” shall mean any person, firm, corporation, proprietorship, partnership
      or other entity or commercial venture that competes in the Business within
      the
      United States. Nothing contained in this Agreement shall prevent Employee from
      owning, directly or indirectly, solely for investment purposes up to one percent
      (1.0%) of the outstanding shares of capital stock of any corporation whose
      stock
      is listed on a national securities exchange or is traded in the over-the-counter
      market or from having a passive ownership interest in any entity, provided
      such
      entity does not operate a Competitive Business.

    

    13.3. Employee
      acknowledges that in the event that Employee’s employment with the Corporation
      terminates, Employee will be able to earn a livelihood without violating the
      foregoing covenants.

    

    14. Equitable
      Relief.

    

    Employee
      acknowledges and agrees that the business of the Corporation is highly
      competitive, and that violation of any of the covenants and agreements provided
      for in Sections 7-13 of
      this
      Agreement would cause immediate, immeasurable and irreparable harm, loss and
      damage to the Corporation not adequately compensable by a monetary award.
      Accordingly, Employee agrees, without limiting any of the other remedies
      available to the Corporation, that any violation of said covenants, or any
      of
      them, may be enjoined or restrained by any court of competent jurisdiction,
      and
      that any temporary restraining order or emergency, preliminary or final
      injunctions may be issued by any court of competent jurisdiction, without notice
      and without bond. In the event any proceedings are commenced by the Corporation
      for any actual or threatened violation of any of said covenants or agreements
      or
      the Corporation shall engage legal counsel or incur other costs and expenses
      related to the enforcement of said covenants or agreements, Employee shall
      be
      liable to the Corporation to the extent the Corporation is the prevailing party
      in such proceedings (or in the absence of a proceeding, to the extent the
      services of attorneys and the incurrence of such other costs and expenses were
      reasonably required for the Corporation’s enforcement of the provisions of this
      Agreement, as determined by the Corporation’s Managing Directors) for all
      reasonable costs and expenses of any kind, including reasonable attorneys'
      fees,
      which the Corporation has incurred in connection with such proceedings or
      enforcement activities, including, without limitation, in connection with the
      enforcement of the provisions of this Section 14. Employee acknowledges that
      in
      the event that Employee’s employment with the Corporation terminates, Employee
      will be able to earn a livelihood without violation of the aforesaid covenants
      of this Agreement. 

     

    
      
         

      

      
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    15. Nature
      of Relationship.

    

    This
      agreement clarifies certain rights and duties of Corporation and Employee.
      Corporation and Employee each acknowledge and agree that Employee’s employment
      with Corporation is for a period up through and including December 31, 2016
      (the
“Term”), and may be extended by written consent of Employee and the Board of
      Directors. Notwithstanding the above, the parties acknowledge that such
      employment and/or this Agreement may be terminated by either Corporation or
      Employee at any time and for any reason, with or without cause, in accordance
      with the terms of this Agreement; provided, however, that Employee agrees he/she
      shall give Corporation thirty (30) days prior written notice of Employee’s
      intent to resign/terminate. Subject to the other provisions of this Agreement,
      Employee recognizes he is employed as an “at-will” employee and that this
      Agreement and Employee’s employment with the Corporation may be terminated at
      any time by the Corporation and at Corporation’s sole discretion. 

    

    16. Outside
      Activities

    

    Employee
      agrees that during the period of his/her engagement, Employee will not, without
      Corporation’s prior written approval, directly or indirectly engage in any
      outside employment or consulting activity relating to any line of business
      which
      Corporation and its customers are engaged, or which would otherwise conflict
      with or adversely affect in any way Employee’s performance of his/her engagement
      obligation to Corporation.

    

    17.
       
      Binding Effect and Benefit.

    

    The
      provisions hereof shall be binding upon, and shall inure to the benefit of,
      Employee, his heirs, executors, and administrators as well as to Corporation,
      its successors, and assigns; however, Employee’s services under this personal
      services contract are not assignable by Employee.

    

    18. 
      Waivers.

    

    No
      delay
      on the part of any party in the exercise of any right or remedy shall operate
      as
      a waiver thereof, and no single or partial exercise or waiver thereof by any
      party of any right or remedy shall preclude the exercise or further exercise
      thereof or the exercise of any other right or remedy.

    

    19. 
      Governing Law.

    

    This
      Agreement, its interpretation, performance, enforcement or any breach thereof,
      shall be construed in accordance with, and all questions with respect thereto
      shall be determined by, internal, substantive laws of the State of Delaware
      (without giving effect to principles of conflict of laws). In connection with
      any judicial proceeding: (i) the parties consent to the exclusive jurisdiction
      of the state and federal courts having jurisdiction in Connecticut or Delaware
      and the parties waive any objection which it may now or later have to the laying
      of venue of any legal action or proceeding arising out of or relating to this
      Agreement brought in any such court or that such forum is inconvenient; (ii)
      both parties waive personal service and agree that service of any pleading,
      notice, complaint, etc. may be served by certified or registered mail by one
      party to the other party at such other party’s address for notices as set forth
      herein; and (iii) such service shall be deemed effective as if personally served
      upon the receiving party at its principal place of business or residence.
      Nothing herein affects the right to serve process in any other manner permitted
      by law. 

    

    20. 
      Severability; Interpretation.

    

    Whenever
      possible, each of the provisions of this Agreement shall be construed and
      interpreted in such a manner as to be effective and valid under applicable
      law.
      If any provisions of this Agreement (including but not limited to Sections
      9-13)
      or the application of any provision of this Agreement to any party or
      circumstance shall be prohibited by, or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition without
      invalidating the remainder of such provision, any other provision of this
      Agreement, or the application of such provision to other parties or
      circumstances. Headings used in this Agreement are for convenience of reference
      only. 

     

    
      
         

      

      
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    21. 
      Entire Agreement.

    

    Any
      and
      all prior discussions, understandings, and agreements, whether written or oral,
      express or implied, including, without limitation, any offer letter, held or
      made between Employee and the Corporation are superseded by and merged into
      this
      Agreement, which alone fully and completely expresses the agreement of the
      parties with regard to the matters addressed herein, and this Agreement is
      entered into with no party relying on any statement or representation made
      by
      any other party which is not contained in this Agreement. 

     

    22. Amendments.

    

    This
      Agreement may be modified, amended or supplemented only by execution of a
      written instrument signed by both Employee and the Corporation.

    

    23. Survival.

    

    The
      provisions of Sections 4, 5, 7-14 and 17-26 shall survive any termination of
      Employee’s employment hereunder and any termination or expiration of this
      Agreement.

    

    24.
       Notice.

    

    Any
      notices or communications hereunder will be deemed sufficient if made in writing
      and hand-delivered, or if sent by facsimile with confirmation of transmission
      retained, or if mailed, postage prepaid, registered or certified mail, return
      receipt requested, or if sent by nationally recognized overnight courier, to
      the
      following addresses:

    

    
      	
              If
                to the Corporation:

            	
              If
                to Employee:

            
	 	 
	
              VeruTek
                Technologies, Inc.

            	
              John
                Collins

            
	
              628
                Hebron Avenue, Building 2

            	
              23
                Coates Farms Road

            
	
              Suite
                505

            	
              Amston,
                CT 06231

            
	
              Glastonbury,
                CT 06033

            	 
	
              Attention:
                CEO or President

            	 

    

    

    or
      to
      such other address as either party may designate for such party by written
      notice to the other given from time to time in the manner herein
      provided.

    

    25. Presumptions.
      

    

    In
      resolving any dispute or construing any provision hereunder, there shall be
      no
      presumptions made or inferences drawn because the attorneys for one of the
      parties drafted the Agreement.

    

    26. Counterparts. 

    

    This
      Agreement may be executed in one or more counterparts and by transmission of
      a
      facsimile or digital image containing the signature of an authorized person,
      each of which shall be deemed and accepted as an original, and all of which
      together shall constitute a single instrument. 

    

    *
      * * * *
      * * * * * *

    

    (signature
      page follows)

     

    
      
         

      

      
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    In
      Witness Whereof, this Agreement has been executed and delivered by the parties
      hereto as of the dates set forth below.

     

    
      	VERUTEK
              TECHNOLOGIES, INC.	 	 	EMPLOYEE
	 	 	 	 
	 	 	 	 
	By: 	 	 	
            
	
              
                

              

            	 	 	
              
                

              

              (signature)

            
	 	 	 	 
	Name: 	 	 	Name: John
              Collins
	
              
                

              

            	 	 	 
	 	 	 	 
	Title:
	 	 	 
	
              
                

              

            	 	 	 
	 	 	 	 
	Date: ____/____/____	 	 	Date:
              ____/____/____

    

     

    Caution
      to Employee: THIS
      AGREEMENT AFFECTS IMPORTANT RIGHTS INCLUDING, WITHOUT LIMITATION, RIGHTS TO
      INVENTIONS AND OTHER INTELLECTUAL PROPERTY THAT EMPLOYEE MAY DEVELOP DURING
      HIS
      OR HER EMPLOYMENT. DO NOT SIGN IT UNLESS YOU HAVE READ IT CAREFULLY AND ARE
      SATISFIED THAT YOU UNDERSTAND IT COMPLETELY. 

    

    
      
         

      

      
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    Schedule
      7H

    Excluded
      Inventions 

    

    Employee
      describes below, or on additional pages if necessary, in specific terms, the
      following inventions, improvements, discoveries, software or writings which
      Employee represents are presently in existence and have not been derived from
      any Developments, Corporation Materials, or Confidential
      Information:

    

    None.

     

    
      
         

      

      
        Page
          14
          of 14Employment
      Agreement

    

    This
      Employment Agreement (“Agreement”) is made as of the ___ day of ____________
      2007 between VeruTek Technologies, Inc., a Delaware corporation (the
“Corporation”) and Michael Vagnini (“Employee”).

    

    WITNESSETH:

    

    WHEREAS,
      The Corporation is in the business of environmental remediation (the
“Business”); and

    

    WHEREAS,
      Employee desires to continue as an employee of the Corporation and for the
      terms
      hereof to govern his activities with the Corporation; and

    

    WHEREAS,
      Corporation desires to continue to employ Employee as an employee of the
      Corporation and define the terms and nature of their relationship, and Employee
      desires to continue his employment upon the terms and conditions stated herein;
      

    

    WHEREAS,
      the Corporation wishes to protect its Confidential Information (as defined
      herein) and to restrict certain future solicitation and competition by Employee;
      

    

    WHEREAS,
      Employee's execution of this Agreement is a requirement of Employee's continued
      employment with the Corporation; 

    

    WHEREAS,
      the parties hereto agree that this Agreement shall supersede any other
      agreements regarding Employee’s provision of services to the
      Corporation.

    

    NOW,
      THEREFORE, in
      consideration of the premises, in further consideration of Employee’s employment
      or continued employment by Corporation, and for other good and valuable
      consideration, the receipt and adequacy of which are hereby acknowledged,
      Corporation and Employee hereby agree as follows:

    

    1. Incorporation
      of Recitals.

    

    The
      above
      recitals are, and shall be construed to be, an integral part of this Agreement.
      The parties hereto acknowledge and agree that this Agreement formalizes in
      writing certain understandings and procedures which have been in effect since
      the time Employee was initially employed and/or engaged by the
      Corporation.

    

    2. Scope
      of Employment.

    

    A. The
      Corporation agrees that during the term of this Agreement, the Corporation
      shall
      employ Employee as Senior Vice President and Chief Financial Officer to perform
      such duties and exercise such authority which are of the type and nature
      normally assigned to such employees of a corporation of the size, stature,
      and
      nature of the Corporation, as the Board of Directors of the Corporation may
      from
      time to time assign, including, without limitation, the preparation of all
      financial statements for management, directors, investors and clients, financial
      control, such as strategic financial planning and annual budgets, advising
      and
      assisting management in capital development and advising management in fiscal
      matters.

    

    B. Employee
      hereby accepts such employment and agrees that during the term of this Agreement
      that: 

    

    (i) Employee
      will perform such duties in the foregoing capacity, and agrees that fiduciary
      duties normally applicable to corporate officers, including, without limitation,
      those of loyalty and due care, shall be applicable to Employee;

    

    (ii) Employee
      will devote his working time and attention, as well as his best efforts and
      abilities to the performance of his duties hereunder and to the affairs of
      the
      Corporation, and shall not engage in any other gainful employment or other
      provision of services to a third party, or other commercial or business activity
      without the prior written consent of the Corporation;

     

    
      
         

      

      
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    (iii) Employee
      will not engage in any other activities which conflict, interfere with or
      otherwise adversely affect in any way the proper discharge of his duties
      hereunder and compliance with the covenants of Employee contained
      herein;

    

    (iv)
       Employee
      will not enter into contracts or commitments on behalf of the Corporation
      without the prior written authorization of the Board of Directors or an
      authorized Officer, and Employee acknowledges and agrees that he shall not
      have
      any authority to do so without such prior consent; and

    

    (v) Employee
      will comply with all lawful policies which from time to time may be in effect
      at
      the Corporation or adopted by the Corporation and conveyed to
      Employee.

    

    3.
      Compensation.

    

    As
      compensation for the services to be performed by Employee hereunder, the
      Corporation agrees to pay to Employee, and Employee agrees to accept, the
      following:

    

    A. Base
      Compensation. Employee shall receive Base Compensation during the term of this
      Agreement commencing at the salaried rate of $150,000 per
      annum
      in
      respect of his employment hereunder (which shall be increased to $200,000 per
      annum after six months from Employees commencement of full time employment
      with
      Corporation on February 5, 2007 (the “Commencement Date”)), less applicable
      payroll deductions required by law. Such Base Compensation shall be paid in
      substantially equal semi-monthly installments, or more frequently in accordance
      with the policies of the Corporation. Employee is also eligible to receive
      a
      discretionary bonus, which is determined in the sole discretion of the Board
      of
      Directors and is not earned unless Employee remains employed with the
      Corporation at the time any such bonus may be delivered.

    

    B.
       Employee
      Benefits. In addition to Employee’s Base Compensation, the Corporation shall
      make available to such Employee, during the term hereof:

    

    (i) Participation
      in any plans, to the extent such plans are available to all similarly situated
      employees (unless restricted due to Employee’s income level), which are from
      time to time offered to the Corporation’s employees with respect to group
      health, life, accident and disability insurance or payment plans, retirement
      plans, profit sharing or similar employee benefits, if any, but exclusive of
      any
      Corporation incentive plan, as Employee’s equity ownership in Corporation is
      described below.

    

    (ii) Four
      (4)
      weeks (i.e. twenty business days) paid annual vacation, accrued based upon
      time
      employed (i.e. accrued at a rate of 1 2/3 days per month), as well as 10 days
      of
      personal time, plus paid holidays designated as such by the Corporation, and
      other fringe benefits regularly provided to the similarly situated employees
      of
      the Corporation; and

    

    (iii) Except
      as
      set forth in this subparagraph, the Corporation shall reimburse Employee for
      all
      reasonable and necessary business expenses incurred by Employee in connection
      with Employee’s performance of services hereunder if and only if the Employee
      receives the Corporation’s written approval of any such expense prior to
      incurring the expense and, if the expense was necessary but no such advance
      approval was obtained, the Corporation shall reasonably consider reimbursement
      of the expense in accordance with corporate policy. The Corporation shall
      reimburse Employee for such expenses as soon as it is practicable in accordance
      with the Corporation’s reimbursement policy following submission to the
      Corporation by Employee of a written itemized account of such expenditures,
      together with receipts therefor, all in accordance with the Corporation’s policy
      and with applicable law, rules and regulations governing deductibility of such
      amounts under the Internal Revenue Code of 1986, as amended.

    

    C. Discretionary
      Bonus. The Board of Directors may elect on a annual basis to provide Employee
      with a discretionary bonus of up to 50% of Employee’s then current rate of Base
      Compensation.

     

    
      
         

      

      
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    D. Stock
      Ownership. Upon execution of this Agreement, Corporation shall grant Employee
      650 shares of non-voting common stock (the “Shares”). Employee’s ownership of
      the Shares is subject to the provisions of Section 5 of this Agreement and
      any
      other agreement between Corporation and/or the other Corporation shareholders
      and Employee with respect to such Shares.

    

    4. Termination.

    

    A. Termination
      by the Corporation with Cause. The Corporation may terminate Employee’s
      employment with “Cause” as hereafter defined in this Section 4A upon written
      notice. “Cause” shall mean Employee’s: (i) conviction of, or indictment for,
      criminal negligence or criminal acts in the work place or conviction of a
      felony, (ii) violation of the Corporation’s material policies or procedures that
      have been made known to Employee, or violation by Employee on Corporation
      premises of any law or material regulation, (iii) material breach or violation
      of this Agreement, (iv) commission of any act of theft, fraud, dishonesty,
      or
      falsification of any employment or Corporation records, (v) appropriation of
      a
      business opportunity or transaction in contravention of Employee’s duties to the
      Corporation, (vi) any improper action by Employee which has a detrimental effect
      on the Corporation’s reputation or business, (vii) failure to perform the duties
      assigned or requested by Employee’s superiors, or (viii) gross negligence,
      incompetence or willful misconduct by Employee in the performance of Employee’s
      duties. In the event that Employee is terminated with “Cause,” Employee shall
      only be entitled to the payment of Employee’s then-current accrued, unpaid Base
      Compensation and accrued unused vacation, each prorated through the date of
      termination. In the case of an event of Cause under clauses (ii), (iii), (vi)
      or
      (vii), with the exception of any such events of Cause arising from breach of
      any
      of the provisions of Sections 7-13 hereof, Employee shall be provided the
      opportunity to cure such event within a reasonable time following written notice
      thereof and not to exceed thirty (30) days following such notice (the “Cure
      Period”), and if the Employee desires to effect a cure to same then Employee
      shall provide the Corporation with written notice within five business days
      following receipt of notice of Cause of such desire, and in the absence of
      such
      cure by Employee within the Cure Period Employee shall be deemed terminated
      upon
      the expiration of the Cure Period unless otherwise mutually agreed in writing.
      However, notwithstanding the foregoing, Employee shall not be provided the
      opportunity pursuant to the foregoing sentence to cure Employee’s repeated or
      persistent actions, failures or omissions occurring within a three month period
      which constitute Cause (in the absence of cure) hereunder and which would
      otherwise be curable but for such reoccurrence. 

    

    B. Termination
      by the Corporation Without Cause. The Corporation may terminate Employee’s
      employment without Cause upon fourteen (14) days written notice. In the event
      that Employee is terminated without Cause, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an amount in respect of individual severance pay equivalent to 90 days
      of
      the then current full year Base Compensation. During the fourteen (14) day
      period following the delivery of such notice, Employee shall reasonably
      cooperate with the Corporation in arranging for an orderly transference of
      his
      responsibilities.

    

    C. Termination
      by Employee Without Good Reason. Employee may terminate his employment without
      Good Reason upon thirty (30) days prior written notice. In the event that
      Employee terminates his employment without Good Reason, Employee shall be
      provided with payment of Employee’s then-current unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination. During
      the thirty (30) day period following the delivery of such notice, Employee
      shall
      reasonably cooperate with the Corporation in locating and training Employee’s
      successor and arranging for an orderly transference of his responsibilities.
      

    

    D.
      Termination by Employee for Good Reason. Employee may terminate his employment
      hereunder for Good Reason. “Good Reason” shall mean (i) a material diminution of
      Employee’s employment duties without Employee’s consent, which consent shall not
      be unreasonably withheld; (ii) a material and persistent breach by the
      Corporation of Section 3 hereof. Employee shall provide the Corporation thirty
      (30) days prior written notice of his intention to resign for Good Reason which
      states his intention to resign and sets forth the reasons therefore, and any
      resignation without delivery of such notice shall be considered to be a
      resignation for other than Good Reason. In the event that Employee terminates
      his employment pursuant to this Section 4D, Employee shall be entitled to (i)
      payment of Employee’s then-current accrued, unpaid Base Compensation and
      accrued, unused vacation, each prorated through the date of termination, and
      (ii) an amount in respect of individual severance pay equivalent to 90 days
      of
      the then current full year Base Compensation. During the thirty (30) day period
      following the delivery of such notice, Employee shall reasonably cooperate
      with
      the Corporation in locating and training Employee’s successor and arranging for
      an orderly transference of his responsibilities. 

     

    
      
         

      

      
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    E. Termination
      Due to Employee’s Death or Disability. In the event that this Agreement and
      Employee’s employment is terminated due to Employee’s death or disability,
      Employee (or Employee’s legal representatives) shall be paid Employee’s
      then-current unpaid Base Compensation and accrued, unused vacation, each
      prorated through the date of termination. For purposes of this Agreement, the
      term “disability” shall mean the mental or physical inability to perform
      satisfactorily the essential functions of Employee’s full-time duties, with or
      without a reasonable accommodation, as determined by a physician mutually agreed
      by the Corporation and Employee, such agreement not to be unreasonably withheld;
      provided, however, that any disability which continues (subject to any
      requirements of applicable law) for one hundred and twenty (120) days (whether
      or not consecutive) in any twenty-four (24) month period shall be deemed a
      total
      and permanent disability.

    

    5. Disposition
      of Shares on Termination.

    

    In
      the
      event of termination of Employee’s employment with the Corporation for any
      reason, then (i) if such termination is prior to six months from Employee’s
      Commencement Date, then Corporation shall have the right to repurchase 500
      of
      the Shares from Employee for $1; (ii) if such termination is after six months
      from Employees Commencement Date, but prior to one year from Employee’s
      Commencement Date, then Corporation shall have the right to repurchase 400
      of
      the Shares from Employee for $1; (iii) if such termination is after one year
      from Employee’s Commencement Date, but prior to two years from Employee’s
      Commencement Date, then Corporation shall have the right to repurchase 300
      of
      the Shares from Employee for $1; (iv) if such termination is after two years
      from Employee’s Commencement Date, but prior to three years from Employee’s
      Commencement Date, then Corporation shall have the right to repurchase 150
      of
      the Shares from Employee for $1; (v) if such termination is after three years
      from Employee’s Commencement Date, then Corporation shall no longer have the
      right to repurchase Shares from Employee. The number of shares shown in this
      Section 5 are based on the Corporation having thirty thousand authorized shares,
      and the number of shares shall be adjusted pursuant to capital events such
      as
      stock splits, stock dividends, share exchanges and the like. 

    

    6. Employee
      Work Standards

    

    Employee
      will: a) serve Corporation (and such of its subsidiary or parent companies
      as
      Corporation may designate) faithfully, diligently and to the best of Employee’s
      ability in a loyal and dedicated manner under direction of the Director(s)
      and
      Officers of Corporation; b) in the course of employment, devote his/her best
      efforts and substantially all his/her entire time, attention, energy,
      experience, talent, expertise and knowledge to the performance of his/her duties
      to Corporation; c) not engage in any other gainful employment or engagement
      or
      other commercial or business activity not for the benefit of the Corporation
      without the prior written consent of the Corporation; and d) not do anything
      inconsistent with Employee’s duties to Corporation; e) comply with all lawful
      policies which from time to time may be in effect at the Corporation or adopted
      by the Corporation and conveyed to Employee and f) perform his/her duties as
      a
      professional at all times and will conduct all activities in accordance with
      the
      highest professional standards.

    

    7. Representations,
      Warranties and Certain Covenants of Employee.

    

    Employee
      hereby represents, warrants and covenants to the Corporation that:

    

    A. Employee
      is not subject to any agreement, including any confidentiality, non
      solicitation, non competition, or invention assignment, agreement or other
      restrictive covenant, whether oral or written, which would in any way restrict
      or prohibit Employee's ability to execute this Agreement, perform Employee’s
      obligations under this Agreement or otherwise comply with the terms of this
      Agreement;

    

    B. Employee
      has respected and at all times in the future will continue to respect the rights
      of Employee's previous employer(s) in trade secret and confidential information
      (including with respect to proprietary documents, computer software programs,
      computer discs, customer lists, and any other material which is proprietary
      to
      Employee's previous employer(s)) in accordance with applicable agreements,
      if
      any, and applicable law;

     

    
      
         

      

      
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    C. Employee
      has left with Employee’s previous employers all proprietary documents, computer
      software programs, computer discs, customer lists, and any other material which
      is proprietary to Employee's previous employer(s), has not taken copies of
      any
      such materials and will not remove or cause to be removed any such material
      or
      copies of any such material from such previous employer(s) in violation of
      Employee’s agreements, if any, with previous employers;

    

    D. Employee
      has not (since the date of his employment or engagement with the Corporation)
      done, and thereafter will not do anything, by contract or otherwise, which
      would
      impair the rights of the Corporation in and to any Corporation Developments
      (as
      defined below), the Corporation Materials (as defined below), or the ability
      of
      Employee to perform Employee's obligations under this Agreement;

    

    E. Employee
      shall not, during the term of his employment with the Corporation, do anything
      or authorize any other person or entity to do anything contrary to the material
      rights and interests of the Corporation in contravention of Employee’s
      obligations under this Agreement.

    

    F. The
      information Employee supplied to the Corporation in connection with Employee’s
      employment is true, correct, and complete; 

    

    G. So
      long
      as Employee remains employed by the Corporation, any and all business
      opportunities from whatever source which Employee may receive or otherwise
      become aware of in connection with his employment with the Corporation relating
      to the business of the Corporation shall belong to the Corporation, and unless
      the Corporation specifically, after full disclosure by Employee of each and
      any
      such opportunity, waives its right in writing, the Corporation shall have the
      sole right to act upon any of such business opportunities as the Corporation
      deems advisable; and

    

    H.
       Employee
      has no inventions, improvements, discoveries, software or writings useful to
      the
      Corporation in the normal course of its business, which were conceived, made
      or
      written prior to the commencement of my employment or engagement with the
      Corporation and which are excluded from this Agreement, except as described
      in
      Schedule 7H attached hereto.

    

    8. Work
      for Hire and Invention Assignment. 

    

    8.1
       Employee
      agrees to promptly disclose to Corporation any and all inventions, improvements,
      methods, processes, concepts, secrets, ideas, trademarks, designs, technologies,
      computer software, software code, original works of authorship, formulas,
      discoveries, patentable subject matter, copyrightable works, products, marketing
      and business ideas, and all other improvements, know-how, data, rights, and
      claims related to the foregoing, whether or not patented or patentable, or
      subject to copyright, trademark or service mark protections, and whether or
      not
      reduced to practice, which are made, conceived, developed or written by Employee
      during the term of employment with the Corporation and either in connection
      with
      the duties of Employee, or which are capable of being used by the Corporation
      in
      connection with its business (collectively, “Developments”), including those
      which: (i) relate to the Corporation’s current or contemplated business or
      activities; (ii) relate to the Corporation’s actual or demonstrably anticipated
      research or development; (iii) result from any work performed by Employee for
      the Corporation; (iv) involve the use of the Corporation’s equipment, supplies,
      facilities or trade secrets; (v) result from or are suggested by any work done
      by the Corporation or at the Corporation’s request, or any projects specifically
      assigned to Employee; or (vi) result from Employee’s access to any of the
      Corporation’s memoranda, notes, data, formulae, specifications, inventions,
      processes, equipment or other materials (the items in this clause (vi)
      collectively, “Corporation Materials”). All such Developments shall belong to
      and become the property of the Corporation. The provisions of this Section
      shall
      not apply to developments for which no equipment, supplies, facilities, or
      trade
      secret information of the Corporation was used and which were developed on
      the
      Employee’s own time, unless (i) the development relates to the business of
      Corporation or to the Corporation’s actual or demonstrably anticipated research
      or development, or (ii) the development results from any work performed by
      the
      Employee for the Corporation. 

     

    
      
         

      

      
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    8.2 Employee
      agrees that any and all work performed hereunder and any resulting Developments
      shall be “work made for hire” within the meaning of the Copyright Act of 1976,
      as amended. Employee hereby assigns to the Corporation his or her entire right,
      title and interest in said Developments. Furthermore, Employee shall execute
      all
      instruments of assignment and any other documents requested by Corporation
      relating to the Corporation’s ownership of any and all Developments or to
      applications for patents, copyrights and trademarks and the enforcement and
      protection thereof.

    

    8.3 Employee
      shall mark all Developments with the Corporation’s copyright or other
      proprietary notice as directed by the Corporation and shall take all actions
      deemed necessary by the Corporation to protect the Corporation’s rights therein
      including, without limitation, the maintenance of such item in confidence to
      the
      same degree as required for Confidential Information (as herein defined) or
      as
      otherwise instructed by the Corporation. In the event that the Developments
      shall be deemed not to constitute works made for hire, or in the event that
      Employee should otherwise, by operation of law, be deemed to retain any rights
      (whether moral rights or otherwise) to any Developments, Employee agrees to
      assign to the Corporation, without further consideration, Employee’s entire
      right, title and interest therein.

    

    8.4 Employee
      agrees to keep and maintain adequate and current written records of all
      Developments and their development made by Employee (solely or jointly with
      others) during the term of Employee’s employment with the Corporation. These
      records will be in the form of notes, sketches, drawings, and any other format
      that may be specified by the Corporation. These records will be available to
      and
      remain the sole property of the Corporation at all times.

    

    8.5
       Employee
      further agrees that all information and records pertaining to any idea, process,
      trademark, service mark, invention, technology, computer hardware or software,
      original work of authorship, design, formula, discovery, patent, copyright,
      product, and all improvements, know-how, rights, and claims related to the
      foregoing (“Intellectual Property”), that Employee does not believe to be a
      Development, but that is conceived, developed, or reduced to practice by the
      Corporation (alone by Employee or with others) during the Employee’s employment
      with the Corporation and for six months thereafter, shall be disclosed promptly
      by Employee to the Corporation (such disclosure to be received in confidence).
      The Corporation shall examine such information to determine if in fact the
      Intellectual Property is a Development subject to this Agreement.

    

    8.6
       Because
      of the difficulty of establishing when any Developments are first conceived
      by
      Employee, or whether they result from Employee’s access to Confidential
      Information or Corporation Materials, Employee agrees that any Development
      shall, among other circumstances, be deemed to have resulted from Employee’s
      access to Corporation Materials if: (i) it grew out of or resulted from
      Employee’s work with the Corporation or is related to the business of the
      Corporation, and (ii) it is made, used, sold, exploited or reduced to practice,
      or an application for patent, trademark, copyright or other proprietary
      protection is filed thereon, by Employee or with Employee’s significant aid,
      within six months after termination of Employee’s employment with the
      Corporation.

    

    8.7
       Assistance.
      Employee further agrees to reasonably assist the Corporation in every proper
      way
      (but at the Corporation’s expense) to obtain and from time to time enforce
      patents, copyrights, or other rights or registrations with respect to
      Developments in any and all countries, and to that end will execute all
      documents necessary:

    

    (i) to
      apply
      for, obtain and vest in the name of the Corporation alone (unless the
      Corporation otherwise directs) letters patent, copyrights, or other analogous
      protection in any country throughout the world and when so obtained or vested
      to
      renew and restore the same; and

    

    (ii) to
      defend
      any opposition proceedings in respect of such applications and any opposition
      proceedings or petitions or applications for revocation of such letters patent,
      copyright or other analogous protection; and 

    

    (iii) to
      cooperate with the Corporation (but at the Corporation’s expense) in any
      enforcement or infringement proceeding on such letters patent, copyright or
      other analogous protection.

     

    
      
         

      

      
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    9. Covenant 

     

    9.1
      Covenant.

    

    Employee
      acknowledges and agrees that:

    

    A. During
      the course of Employee's employment with the Corporation, Employee will learn
      about, will help to develop and will develop, and will be entrusted in strict
      confidence with (1) confidential and proprietary information and trade secrets
      that are or will be owned by the Corporation and are not available to the
      general public or the Corporation’s competitors concerning the Corporation,
      including its sales, operations, financial condition, financial projections,
      profit margins, personnel matters (including the identity of the Corporation’s
      top-performing personnel, hiring criteria, and training techniques),
      intermediate and long-term business goals and strategic plans, promotional
      strategies and techniques, pricing and cost structure of services, customer
      identities, customer relationship histories, customer records, customer service
      matters, customer preferences, needs and idiosyncrasies, formal customers and
      prospects, identity of vendors and suppliers, special vendor and supplier
      pricing and delivery terms, computer programs and codes, research and
      development, specifications, algorithms, processes, formulas methods, technical
      data, know-how, complications, designs, drawings, photographs, other
      machine-readable records, business activity and other confidential aspects
      of
      the Corporation and its business and operations; (2) information which the
      Corporation will be required to keep confidential in accordance with
      confidentiality obligations to third parties; and (3) other matters and
      materials belonging to or relating to the internal affairs of the Corporation,
      including information recorded on any medium which gives it an opportunity
      to
      obtain an advantage over its competitors which do not know or use the same
      or by
      which the Corporation derives actual or potential value from such matter or
      material not generally being known to other persons or entities which might
      obtain economic value from its use or disclosure (all of the foregoing being
      hereinafter collectively referred to as the "Confidential
      Information");

    

    B. It
      is
      imperative that the Employee treat whatever information Corporation wants to
      protect from disclosure as genuinely “Confidential,” i.e. restricting access by
      pass code, stamping hard copies of customer and prospect lists “Confidential,”
and restricting access to the customer and prospect lists except by personnel,
      and the like. 

    

    C. The
      Corporation has developed or purchased and will develop or purchase the
      Confidential Information at substantial expense in a market in which the
      Corporation faces intense competitive pressure, and the Corporation has kept
      and
      will keep secret the Confidential Information;

    

    D. The
      Corporation’s customer relationships are or will be near permanent and such
      relationships are significant assets belonging to the Corporation which have
      been or will be developed through a substantial investment of time, effort,
      and
      expense in the Corporation’s worldwide market, and, as a result of Employee’s
      employment with the Corporation, (i) Employee will have contact with such
      customers which he would not otherwise have had and (ii) such customers will
      associate the Corporation’s goodwill with Employee;

    

    E. The
      Corporation has developed and will develop a wealth of intimate knowledge
      regarding its customers, and the identity of the Corporation’s customers is not
      generally known in the worldwide community in which the Corporation’s businesses
      are located; and, for these and other reasons, the Corporation has a legitimate,
      protectable interest in the identity of its customers and the method of
      operations of its Business;

    

    F. Employee’s
      skills in the area of Corporation’s Business will be developed and enhanced as a
      result of Employee’s employment relationship with the Corporation;

    

    G. The
      Corporation has a legitimate interest in protecting the goodwill, customer
      information, customer relationships, and use of Employee’s skills by means of
      enforcement of the restrictive covenants set forth in this
      Agreement;

    

    H. Nothing
      in this Agreement shall be deemed or construed to limit or take away any rights
      the Corporation may have, at any time, under common law or as to any of the
      Confidential Information that constitutes a trade secret under the Delaware
      Trade Secrets Act or common law. 

     

    
      
         

      

      
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    I. For
      purposes of this Agreement, “customer” or “client” includes any person or entity
      (including, but not limited to, state, local, municipal or federal government
      entities) who is then a customer or client of the Corporation, or its affiliates
      or subsidiaries, and any person or entity who was a customer or client at any
      time during the preceding thirty-six months, and any prospective customers
      or
      clients with which Employee has knowledge (actual or constructive) that the
      Corporation has been either actively marketing (which shall include, without
      limitation, the delivery by Corporation of an informal or formal proposal during
      the prior one year period) or soliciting the sale of the Corporation’s products
      or services to it, or negotiating with the prospect to become a customer or
      client of the Corporation.

    

    9.2
      Confidentiality
      Covenants.

    

    In
      consideration of Employee’s employment and compensation and other consideration
      described herein, Employee acknowledges and agrees that:

    

    A. To
      the
      extent that Employee developed or had access to Confidential Information before
      entering into this Agreement, Employee represents and warrants that he has
      not
      used for his own benefit or for the benefit of any other person or entity,
      and
      he has not disclosed, directly or indirectly, to any other person or entity,
      other than the Corporation, any of the Confidential Information. Unless and
      until the Confidential Information becomes publicly known through legitimate
      means not involving an act or omission by Employee or the Corporation’s other
      employees or independent contractors:

    

    (i) The
      Confidential Information is, and at all times hereafter shall remain, the sole
      property of the Corporation; 

    

    (ii) Employee
      shall use his best efforts and the diligence to guard and protect the
      Confidential Information from disclosure to any competitor, customer or supplier
      of the Corporation or any other person, firm, corporation, or other
      entity;

    

    (iii) Unless
      the Corporation gives Employee prior express written permission, during his
      employment and thereafter, Employee shall not use for his own benefit, or
      divulge to or use for the benefit of any competitor or customer or any other
      person, firm, corporation, or other entity, any of the Confidential Information
      which Employee may obtain, learn about, develop, or be entrusted with as a
      result of Employee's employment by the Corporation; and

    

    (iv) Except
      in
      the ordinary course of the Corporation's Business, Employee shall not seek
      or
      accept any Confidential Information from any former, present, or future
      contractor or employee of the Corporation.

    

    B. Employee
      also acknowledges and agrees that all documentary and tangible Confidential
      Information including, without limitation, such Confidential Information as
      Employee has committed to memory, is supplied or made available by the
      Corporation to Employee solely to assist him in performing his duties under
      this
      Agreement. Employee further agrees that upon termination of his employment
      with
      the Corporation for any reason:

    

    (i) Employee
      shall not remove from Corporation property, and shall immediately return to
      the
      Corporation, all documentary or tangible Confidential Information in his
      possession, custody, or control and not make or keep any copies, notes,
      abstracts, summaries, tapes or other record of any type of Confidential
      Information; and 

    

    (ii) Employee
      shall immediately return to the Corporation any and all other Corporation
      property belonging to or within the custody or possession of the Corporation
      or
      as to which the Corporation has the right of possession, in his possession,
      custody or control, including, without limitation, all internal manuals,
      customer or client work papers, data, software, and other written materials
      (and
      all copies thereof) prepared for internal use by the Corporation or used in
      connection with the Business or operations of the Corporation, any and all
      keys,
      security cards, passes, credit cards, and marketing literature. 

     

    
      
         

      

      
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    10. Return
      of Material. 

    

    Upon
      termination of employment with Corporation, and regardless of the reason for
      such termination, or upon the Corporation’s request, Employee will leave with,
      or promptly return to Corporation and its customers all documents, records,
      notebooks, magnetic tapes, disks, computers, network hardware, and other
      materials, including all copies in his/her possession or control which contain
      Confidential Information of Corporation and its customers and prospects or
      any
      other information concerning Corporation and its customers, prospects, products,
      services or customers, whether prepared by the Employee or others, including,
      without limitation, Corporation Materials and Developments.

    

    11. Non-Solicitation
      of Employees.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that Employee will not during both the term
      of
      this Agreement and the twenty four (24) months following the termination of
      Employee's employment, without the written consent of the Corporation, for
      any
      reason, directly or indirectly, or by action in concert with others, induce
      or
      influence, or seek to induce or influence, any person who is engaged by the
      Corporation as an employee, agent, independent contractor or otherwise, to
      terminate his/her employment or engagement , nor shall Employee prior to the
      expiration of such period, directly or indirectly, solicit for employment or
      engagement, employ or engage, attempt to employ or engage, or advise or
      recommend to any other person or entity that such person or entity employ or
      engage or solicit for employment or engagement, any person or entity employed
      or
      engaged by the Corporation.

    

    12.
      Non-Solicitation of Customers.

    

    In
      consideration of his employment and compensation and other consideration
      described herein, Employee agrees that prior to the termination of and for
      a
      period of twenty four (24) months immediately following the termination of
      Employee's employment with the Corporation, Employee will not, either for
      himself or on behalf of any other person or entity, directly or indirectly,
      solicit, attempt or offer to provide services or products or provide services
      or
      products, competitive with those services rendered or products sold by or on
      behalf of the Corporation during the term of this Agreement, to any past or
      present customer or client (each as defined in Section 9.1) of the Corporation.
      

    

    13.
      Covenants Not To Compete and Anti-Piracy.

    

    13.1 Employee
      acknowledges that the services rendered by Employee on behalf of the Corporation
      are of a special and unique character, and that during the performance of such
      services, Employee will acquire, because of the special relationship among
      the
      Corporation, Employee and the Corporation’s customers and clients, valuable
      information, trade secrets, customer lists, proprietary information, financial
      information and unique skills. Accordingly, Employee covenants, in consideration
      of Employee’s employment and compensation and other consideration described
      above, that while Employee is employed by the Corporation and for the Noncompete
      Period (as herein defined) after the termination of Employee’s employment with
      the Corporation for any reason, Employee shall not without the prior written
      consent of the Corporation, (i) directly or indirectly, engage in any activity
      which is competitive with the Business of the Corporation or (ii) own, manage,
      join, invest in, finance or control, accept employment with, or provide
      consulting or advisory services to, directly or indirectly, any Competitive
      Business. “Noncompete Period” shall mean a period of 90 days. 

    

    13.2 “Competitive
      Business” shall mean any person, firm, corporation, proprietorship, partnership
      or other entity or commercial venture that competes in the Business within
      the
      United States. Nothing contained in this Agreement shall prevent Employee from
      owning, directly or indirectly, solely for investment purposes up to one percent
      (1.0%) of the outstanding shares of capital stock of any corporation whose
      stock
      is listed on a national securities exchange or is traded in the over-the-counter
      market or from having a passive ownership interest in any entity, provided
      such
      entity does not operate a Competitive Business.

    

    13.3. Employee
      acknowledges that in the event that Employee’s employment with the Corporation
      terminates, Employee will be able to earn a livelihood without violating the
      foregoing covenants.

     

    
      
         

      

      
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    14. Equitable
      Relief.

    

    Employee
      acknowledges and agrees that the business of the Corporation is highly
      competitive, and that violation of any of the covenants and agreements provided
      for in Sections 7-13 of
      this
      Agreement would cause immediate, immeasurable and irreparable harm, loss and
      damage to the Corporation not adequately compensable by a monetary award.
      Accordingly, Employee agrees, without limiting any of the other remedies
      available to the Corporation, that any violation of said covenants, or any
      of
      them, may be enjoined or restrained by any court of competent jurisdiction,
      and
      that any temporary restraining order or emergency, preliminary or final
      injunctions may be issued by any court of competent jurisdiction, without notice
      and without bond. In the event any proceedings are commenced by the Corporation
      for any actual or threatened violation of any of said covenants or agreements
      or
      the Corporation shall engage legal counsel or incur other costs and expenses
      related to the enforcement of said covenants or agreements, Employee shall
      be
      liable to the Corporation to the extent the Corporation is the prevailing party
      in such proceedings (or in the absence of a proceeding, to the extent the
      services of attorneys and the incurrence of such other costs and expenses were
      reasonably required for the Corporation’s enforcement of the provisions of this
      Agreement, as determined by the Corporation’s Managing Directors) for all
      reasonable costs and expenses of any kind, including reasonable attorneys'
      fees,
      which the Corporation has incurred in connection with such proceedings or
      enforcement activities, including, without limitation, in connection with the
      enforcement of the provisions of this Section 14. Employee acknowledges that
      in
      the event that Employee’s employment with the Corporation terminates, Employee
      will be able to earn a livelihood without violation of the aforesaid covenants
      of this Agreement. 

    

    15. Nature
      of Relationship.

    

    This
      agreement clarifies certain rights and duties of Corporation and Employee.
      The
      parties acknowledge that such employment and/or this Agreement may be terminated
      by either Corporation or Employee at any time and for any reason, with or
      without cause, in accordance with the terms of this Agreement; provided,
      however, that Employee agrees he/she shall give Corporation thirty (30) days
      prior written notice of Employee’s intent to resign/terminate. Subject to the
      other provisions of this Agreement, Employee recognizes he is employed as an
      “at-will” employee and that this Agreement and Employee’s employment with the
      Corporation may be terminated at any time by the Corporation and at
      Corporation’s sole discretion. 

    

    16. Outside
      Activities

    

    Employee
      agrees that during the period of his/her engagement, Employee will not, without
      Corporation’s prior written approval, directly or indirectly engage in any
      outside employment or consulting activity relating to any line of business
      which
      Corporation and its customers are engaged, or which would otherwise conflict
      with or adversely affect in any way Employee’s performance of his/her engagement
      obligation to Corporation.

    

    17.
       
      Binding Effect and Benefit.

    

    The
      provisions hereof shall be binding upon, and shall inure to the benefit of,
      Employee, his heirs, executors, and administrators as well as to Corporation,
      its successors, and assigns; however, Employee’s services under this personal
      services contract are not assignable by Employee.

    

    18. 
      Waivers.

    

    No
      delay
      on the part of any party in the exercise of any right or remedy shall operate
      as
      a waiver thereof, and no single or partial exercise or waiver thereof by any
      party of any right or remedy shall preclude the exercise or further exercise
      thereof or the exercise of any other right or remedy.

    

    19. 
      Governing Law.

    

    This
      Agreement, its interpretation, performance, enforcement or any breach thereof,
      shall be construed in accordance with, and all questions with respect thereto
      shall be determined by, internal, substantive laws of the State of Delaware
      (without giving effect to principles of conflict of laws). In connection with
      any judicial proceeding: (i) the parties consent to the exclusive jurisdiction
      of the state and federal courts having jurisdiction in Connecticut or Delaware
      and the parties waive any objection which it may now or later have to the laying
      of venue of any legal action or proceeding arising out of or relating to this
      Agreement brought in any such court or that such forum is inconvenient; (ii)
      both parties waive personal service and agree that service of any pleading,
      notice, complaint, etc. may be served by certified or registered mail by one
      party to the other party at such other party’s address for notices as set forth
      herein; and (iii) such service shall be deemed effective as if personally served
      upon the receiving party at its principal place of business or residence.
      Nothing herein affects the right to serve process in any other manner permitted
      by law. 

     

    
      
         

      

      
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          10
          of 13

        
          

        

      

      
         

      

    

    

    20. 
      Severability; Interpretation.

    

    Whenever
      possible, each of the provisions of this Agreement shall be construed and
      interpreted in such a manner as to be effective and valid under applicable
      law.
      If any provisions of this Agreement (including but not limited to Sections
      9-13)
      or the application of any provision of this Agreement to any party or
      circumstance shall be prohibited by, or invalid under applicable law, such
      provision shall be ineffective to the extent of such prohibition without
      invalidating the remainder of such provision, any other provision of this
      Agreement, or the application of such provision to other parties or
      circumstances. Headings used in this Agreement are for convenience of reference
      only. 

    

    21. 
      Entire Agreement.

    

    Any
      and
      all prior discussions, understandings, and agreements, whether written or oral,
      express or implied, including, without limitation, any offer letter, held or
      made between Employee and the Corporation are superseded by and merged into
      this
      Agreement, which alone fully and completely expresses the agreement of the
      parties with regard to the matters addressed herein, and this Agreement is
      entered into with no party relying on any statement or representation made
      by
      any other party which is not contained in this Agreement. 

    

    22. Amendments.

    

    This
      Agreement may be modified, amended or supplemented only by execution of a
      written instrument signed by both Employee and the Corporation.

    

    23. Survival.

    

    The
      provisions of Sections 4, 5, 7-14 and 17-26 shall survive any termination of
      Employee’s employment hereunder and any termination or expiration of this
      Agreement.

    

    24.
       Notice.

    

    Any
      notices or communications hereunder will be deemed sufficient if made in writing
      and hand-delivered, or if sent by facsimile with confirmation of transmission
      retained, or if mailed, postage prepaid, registered or certified mail, return
      receipt requested, or if sent by nationally recognized overnight courier, to
      the
      following addresses:

    

    
      	
              If
                to the Corporation:

            	
              If
                to Employee:

            
	 	 
	
              VeruTek
                Technologies, Inc.

            	
              Michael
                Vagnini

            
	
              628
                Hebron Avenue, Building 2

            	
              66
                Owl Ridge Road

            
	
              Suite
                505

            	
              Woodburry,
                CT 06798

            
	
              Glastonbury,
                CT 06033

            	 
	
              Attention:
                CEO or President

            	 

    

    

    or
      to
      such other address as either party may designate for such party by written
      notice to the other given from time to time in the manner herein
      provided.

     

    
      
         

      

      
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          11
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    25. Presumptions.
      

    

    In
      resolving any dispute or construing any provision hereunder, there shall be
      no
      presumptions made or inferences drawn because the attorneys for one of the
      parties drafted the Agreement.

    

    26. Counterparts. 

    

    This
      Agreement may be executed in one or more counterparts and by transmission of
      a
      facsimile or digital image containing the signature of an authorized person,
      each of which shall be deemed and accepted as an original, and all of which
      together shall constitute a single instrument. 

    

    *
      * * * *
      * * * * * *

    

    (signature
      page follows)

     

    In
      Witness Whereof, this Agreement has been executed and delivered by the parties
      hereto as of the dates set forth below.

     

    
      	VERUTEK
              TECHNOLOGIES, INC.	 	 	EMPLOYEE
	
            	 	 	
            
	 	 	 	 
	By: 	 	 	 
	
              
                

              

            	 	 	
              
                

              

              (signature)

            
	 	 	 	 
	Name: 	 	 	Name: Michael
              Vagnini 
	
              
                

              

            	 	 	 
	 	 	 	 
	Title:
	 	 	 
	
              
                

              

            	 	 	
            
	 	 	 	 
	Date: ____/____/____	 	 	Date:
              ____/____/____ 

     

    Caution
      to Employee: THIS
      AGREEMENT AFFECTS IMPORTANT RIGHTS INCLUDING, WITHOUT LIMITATION, RIGHTS TO
      INVENTIONS AND OTHER INTELLECTUAL PROPERTY THAT EMPLOYEE MAY DEVELOP DURING
      HIS
      OR HER EMPLOYMENT. DO NOT SIGN IT UNLESS YOU HAVE READ IT CAREFULLY AND ARE
      SATISFIED THAT YOU UNDERSTAND IT COMPLETELY. 

    

    
      
         

      

      
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          12
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    Schedule
      7H

    Excluded
      Inventions 

    

    Employee
      describes below, or on additional pages if necessary, in specific terms, the
      following inventions, improvements, discoveries, software or writings which
      Employee represents are presently in existence and have not been derived from
      any Developments, Corporation Materials, or Confidential
      Information:

    

    None.

     

    
      
         

      

      
        Page
          13
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