0001104659-10-044226 Sample Contracts

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • August 13th, 2010 • Heelys, Inc. • Footwear, (no rubber) • Texas

THIS EXECUTIVE EMPLOYMENT AGREEMENT (the “ Agreement ”), is entered into as of July 17, 2008 (the “ Effective Date ”) by and between DON CARROLL, a resident of the State of Texas (“ Executive ”), and Heeling Sports Limited, a Texas limited partnership (“ Company ”, and together with Executive, the “ Parties ” and each a “ Party ”).

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SEVERANCE AND GENERAL RELEASE AGREEMENT
Severance Agreement • August 13th, 2010 • Heelys, Inc. • Footwear, (no rubber) • Texas

This Severance and General Release Agreement (“ Agreement ”) is made and entered into effective as of February 1, 2008 (the “ Effective Date ”) by and between the following Parties: (i) Heeling Sports Limited, a Texas limited partnership (the “ Company ”) and (ii) Michael G. Staffaroni (the “ Employee ”). The Company and the Employee are collectively referred to herein as the “ Parties .”

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