THIS AGREEMENT (this "Agreement") made and entered on the 1st day of March 2001, between
URECOATS ROOFING CORPORATION, a Delaware corporation with offices at 4100 North Powerline
Road, Suite F-1, Pompano Beach, Florida 33073 (the "Company"), and TIMOTHY M. KARDOK, an
individual with an address at 6057 N.W. 77th Drive, Parkland, Florida 33067 (the "Employee").
WHEREAS, the Company wishes to employ the Employee and the Employee wishes to accept such
employment, subject to the terms and conditions hereinafter set forth.
NOW, THEREFORE, the parties hereto, in consideration of the premises and mutual promises contained herein
and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
agree as follows:
1. EMPLOYMENT TERM.
The Company hereby agrees to employ the Employee, and the Employee hereby accepts such employment for a
period of two (2) years starting on March 1, 2001 and ending on February 28,2003 (the "Initial Term"), unless
sooner terminated in accordance with Section 7 hereof. The Initial Term together with the period of any extension
or renewal of such employment is referred to herein as the "Employment Period".
2. POSITION; DUTIES.
During the Employment Period, the Employee shall hold the title and position of President of the Company and
shall have the duties and responsibilities of management usually vested in a president and such other duties and
responsibilities as may be assigned to him from time to time by the Company's Board of Directors.
During the Employment Period, the Employee shall also be appointed and serve as a director of Urecoats
Industries Inc., the parent of the Company ("Urecoats"). Such appointment shall terminate automatically upon the
termination the Employee's employment hereunder without need for a formal resignation.
3. MANNER OF PERFORMANCE
The Employee shall serve the Company and Urecoats and devote all his business time, his best efforts and all his