EXECUTIVE EMPLOYMENT AGREEMENT
THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of the 12th day of July,
2004 and will be effective as of the 12th day of July, 2004 (the “Effective Date”), between Segmentz, Inc., a Florida corporation,
whose principal place of business is 18302 Highwoods Preserve Parkway, Suite 100, Tampa, Florida 33467 (the “Company”) and
Andrew Norstrud, an individual whose address is Tampa, Florida 33615 (the “Executive”). This agreement supersedes any and
all previous employment agreements as of the effective date.
A. The Company is a Delaware corporation and is principally engaged in the business of Third Party Logistics (the
B. The Executive has extensive experience in financial management and financial management, accounting and SEC
C. The Company desires to employ the Executive and the Executive desires to be employed by the Company.
D. The parties agree that a covenant not to compete is essential to the growth and stability of the Business of the
NOW, THEREFORE, in consideration of the mutual agreements herein made, the Company and the Executive do hereby
agree as follows:
1. Recitals . The above recitals are true, correct, and are herein incorporated by reference.
2. Employment . The Company hereby employs the Executive, and the Executive hereby accepts employment, upon the
terms and conditions hereinafter set forth.
3. Authority and Power During Employment Period .
a. Duties and Responsibilities . During the term of this Agreement, the Executive shall serve as the Chief Financial
Officer for the Company and shall have general executive operating supervision over the accounting and information
technology departments of the Company, its subsidiaries and divisions, subject to the guidelines and direction of the Board of
Directors of the Company.
b. Time Devoted . Throughout the term of the Agreement, the Executive