This EMPLOYMENT AGREEMENT is made and entered into as of the date last written below,
between CLEANTECH BIOFUELS, INC., a Delaware corporation (the “ Company ”), and Tom Jennewein
(the “ Employee ”).
WHEREAS, the Company desires to retain the services of Employee as Chief Financial Officer, and
Employee desires to be employed by the Company as Chief Financial Officer, upon the terms and conditions
hereinafter set forth; and
WHEREAS, as an integral part of this Agreement, the Company desires to obtain Employee’s covenant
not to compete and other covenants, and Employee desires to make a covenant not to compete and such other
covenants as hereinafter set forth.
NOW, THEREFORE, in consideration of the premises and agreements herein contained, and other
good and valuable consideration, the receipt and adequacy of which are hereby forever acknowledged and
confessed, the parties agree as follows:
1. Employment . The Company hereby employs Employee, and Employee hereby accepts such
employment by the Company, upon the terms and conditions specified herein for the Term of Employment (as
2. Duties of Employee . During the Term of Employment, Employee is hereby employed as
Chief Financial Officer. Employee shall report directly to the Company’s Chief Executive Officer. In furtherance
of the foregoing, Employee shall, subject to the direction and instruction of the Company: (a) devote Employee’s
full and entire working time, attention and energies to the Company, and will diligently and to the best of
employee’s ability perform all duties incident to Employee’s employment hereunder; (b) use Employee’s best
efforts to promote the interests of the Company; and (c) perform such other duties as the Company may from
time to time direct.
3. Financial Arrangements .
3.1 Compensation. As compensation for Employee’s services hereunder and in
consideration of Employee’s covena