THIS EMPLOYMENT AGREEMENT (“Agreement”) is effective as of January 1, 2002, by and between URECOATS
INDUSTRIES INC., a Delaware corporation with offices at Newport Center Plaza, 1239 East Newport Center Drive, Suite 101,
Deerfield Beach, Florida 33442 (the “Company”), and Timothy M. Kardok an individual residing at 6057 NW 77th Drive,
Parkland, Florida 33067 (the “Executive”).
W I T N E S S E T H :
WHEREAS, the Company wishes to employ the Executive and the Executive wishes to accept such employment, subject to
the terms and conditions hereinafter set forth.
WHEREAS, the Company acknowledges that Executive has been working for the Company in various capacities since
March 1, 2001 and was employed as the Chief Executive Officer and President under an employment agreement, which
employment agreement was terminated contemporaneously with the execution of this employment agreement at December 31,
WHEREAS, the Company wishes to memorialize the employment of the Executive in a formal Agreement and the Executive
wishes to enter into such Agreement, 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 Executive, and the Executive hereby accepts such
employment for a period beginning on January 1, 2002 through December 31, 2005, unless sooner terminated in accordance with
Section 6 hereof (the “Employment Period”).
2. POSITION; DUTIES . During the Employment Period, the Executive shall hold the title and position of Chief Executive
Officer and President of the Company and shall have the duties and responsibilities usually vested in such capacity, as
determined from time to time by the Board of Directors, and such