Execution version

EMPLOYMENT AGREEMENT
This Employment Agreement (this “Agreement”), including the attached Exhibit A,
which are made a part hereof for all purposes, between Glori Energy Inc. (f/k/a/
Glori Acquisition Corp.), a Delaware corporation (the “Company”), and

Michael Pavia (“Executive”) is effective as of April 14, 2014, (the “Effective
Date”). The Company and Executive agree as follows:
1TERM AND POSITION: The Company agrees to employ Executive, and Executive agrees
to be employed by the Company, in the Positions and for the Term stated on
Exhibit A. During the Term of this Agreement, Executive shall devote his full
time and undivided attention during business hours to the business and affairs
of the Company (including its subsidiaries), and to the extent requested by the
Company, any parent company of the Company (a “Parent Company”), except for
vacations, illness or incapacity; however, nothing in this Agreement shall
preclude Executive from: (i) engaging in charitable and community activities, or
(ii) managing his personal investments, provided that such activities in
subparts (i) and (ii) do not materially interfere with the performance of his
duties and responsibilities under this Agreement. The Board of Directors of the
Company (the “Board”) shall give Executive written notice of any such activities
that it reasonably believes materially interfere with the performance of his
duties hereunder and provide Executive with a reasonable period of time to
correct such interference.
2COMPENSATION: While Executive serves in the Positions set forth on Exhibit A,
Executive’s annual base salary, as set forth on Exhibit A, shall be paid in
accordance with the Company’s standard payroll practices for its executive
officers. Executive’s compensation as an employee of the Company shall also
include annual bonus opportunities and periodic long-term incentive awards, in
cash and/or stock of the Company’s ultimate Parent Company, as determined
appropriate from time to time by the Compensation Committee of the Board or the
Board itself, and pursuant to the terms and conditions set forth in applicable
plan documents.
3BENEFITS: Executive shall be allowed to participate in all compensation and
benefit plans and receive all perquisites that the Company makes available to
its other similarly situated senior executives and also to participate in those
employee benefit plans and programs that the Company makes available to the
Company’s employees in general, subject to the terms and conditions of
applicable plan documents. Nothing in this Agreement is to be construed to
obligate the Company to institute, maintain, or refrain from changing, amending,
or discontinuing any benefit program or plan, so long as such actions are
similarly applicable to the covered executives or employees, as applicable.
4INDEMNIFICATION: In any situation where under applicable law the Company has
the power to indemnify, advance expenses to, and defend Executive in respect of,
any claims, judgments, fines, settlements, loss, cost or expense (including
attorneys’ fees) of any nature related to or arising out of Executive’s
activities as an agent, employee, officer or director of the Company or in any
other capacity in which he is acting or serving on behalf of or at the request
of the Company (each a “Claim”), the Company shall fully indemnify Executive to
the maximum extent permitted

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by law and promptly on written request from Executive advance expenses
(including attorneys’ fees) to Executive and defend Executive to the fullest
extent permitted by law, unless such Claim arises because Executive has been
grossly negligent or willfully engaged in misconduct in the performance or
nonperformance of his duties, which nonperformance shall include a failure of
Executive to inform the Board of matters that could reasonably be expected, at
such time, to be materially injurious financially to the Company. Further,
Executive shall not be entitled to any indemnity or defense from the Company for
any claims brought by Executive against the Company or for claims brought by the
Company against Executive. This contractual indemnification of Executive by the
Company hereunder shall not be deemed or construed as operating to impair any
other obligation of the Company respecting Executive’s indemnification or
defense otherwise arising out of this or any other agreement or promise or
obligation of the Company under any statute, articles of incorporation, by-laws
or otherwise.
5D&O INSURANCE: The Company (or a Parent Company on behalf of the Company) will
obtain and maintain director and officer liability insurance covering Executive
in an amount determined by the Board to be reasonable for the Company, given its
size and activities, but in no event shall the coverage for Executive be less
(in amount or scope) than the coverage provided for any other officer or
director of the Company. Such insurance coverage shall continue as to Executive
for at least six years after he has ceased to be a director, officer or
executive of the Company with respect to acts or omissions that occurred prior
to such cessation. Insurance contemplated by this Section 5 shall inure to the
benefit of Executive, his heirs and the executors and administrators of his
estate.
6BUSINESS EXPENSES: The Company shall promptly pay all reasonable and properly
documented business related expenses reasonably incurred by Executive in the
performance of his duties under this Agreement.
7TERMINATION OF EMPLOYMENT: The Company and Executive agree that either party
may, upon at least 30 days written notice to the other, terminate Executive’s
employment. Subject to Section 27, if applicable, as soon as practicable, and
not later than 30 days, following his termination date, the Company shall pay
Executive (or Executive’s estate, if applicable) (i) any earned but unpaid base
salary, (ii) any accrued and vested but unpaid bonus and incentive compensation
amounts, (iii) any accrued but unused vacation up to a maximum of four weeks,
plus up to the maximum unused carry-over of vacation provided in the Company’s
written vacation policy then in effect, and (iv) all reasonable, properly
documented, and unreimbursed business expenses incurred by Executive prior to
his termination (collectively, the “Termination Obligations”).
8SEVERANCE PAY AND BENEFITS: In addition to payment of the Termination
Obligations in accordance with Section 7, the Company shall provide severance
payments and benefits to Executive as provided in this Section 8.
(a)Termination without Cause or Resignation for Good Reason. If the Company
terminates Executive’s employment without Cause and other than for death or
Disability, or Executive terminates his employment for Good Reason, the Company
shall pay Executive a Cash Severance Amount and provide Executive with the
severance benefits set forth in subparagraphs

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(i) and (ii) of this Section 8(a) (collectively, the “Severance Pay”). The
Severance Pay shall be subject to Section 21 and, to the extent applicable,
Section 27.
(i)The Cash Severance Amount shall be the amount as provided in Exhibit A. The
Company shall pay the Cash Severance Amount to Executive ratably on the regular
payroll dates during the six months immediately following the termination date
in accordance with the Company’s regular payroll policies; provided, that,
without limiting any other rights of the Company, the Company shall not be
required to make any such payments of the Cash Severance Amount during any time
while Executive is in breach of any of the provisions of Section 11, 12, 13 or
16 (and such amounts that are not paid will be forfeited by Executive).
(ii)Provided Executive timely elects continued coverage under the Company’s
group health plan pursuant to Section 4980B (“COBRA”) of the Internal Revenue
Code of 1986, as amended (the “Code”), the Company shall reimburse Executive the
full premium required for such continued coverage elected for Executive and his
eligible dependents for the applicable COBRA period but not to exceed 12 months;
provided, however, such COBRA premium shall be paid to Executive on a fully
grossed-up after-tax basis, if and to the extent necessary to make Executive
whole for any tax attributable to such benefits under this Section 8(a)(ii).
(b)Termination Due to Death, Disability, Voluntary Resignation or by the Company
for Cause. If Executive’s employment is terminated by the Company or Executive
due to his Disability or by the Company for Cause, or Executive dies or
voluntarily resigns his employment with the Company without Good Reason, then as
soon as practicable, and not later than 30 days, following his termination date,
the Company shall pay Executive or his estate, if applicable, the Termination
Obligations. If Executive’s employment is terminated by the Company for Cause or
Executive voluntarily resigns from the Company without Good Reason, Executive
shall not be entitled to Severance Pay.
(c)No Duplication of Benefits. Executive shall be entitled to one, and only one,
of the payments and benefits described in Section 8(a) or Section 8(b), as
applicable to the circumstances of Executive’s termination of employment with
the Company.
(d)Definitions. The following are definitions of terms used in this and other
sections of this Agreement.
(i)    Cause. “Cause” means (A) Executive’s plea of guilty or nolo contendre, or
conviction of a felony or a misdemeanor involving moral turpitude; (B) any act
by Executive of fraud or dishonesty with respect to any aspect of the business
of the Company, its subsidiaries or a Parent Company (collectively, the “Company
Group”), including, but not limited to, falsification of any Company Group
records; (C) Executive’s intentional and continued failure to perform his duties
that is materially injurious to the Company Group, unless due to illness or
disability or Executive’s good faith efforts to comply with applicable law; (D)
intentional engagement in misconduct by Executive that is materially injurious
to the Company Group (monetarily or otherwise); (E) Executive’s breach of
Sections 11 or 12 of this Agreement; (F) commencement by Executive of employment
with an unrelated employer without the Company’s consent; (G) material violation
by Executive of any applicable written harassment and/or non-

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discrimination policies; (H) material violation by Executive of any applicable
written Company Group policies of which Executive has been apprised that is
materially injurious to the Company Group (monetarily or otherwise); (I)
Executive’s gross negligence in the performance of Executive’s duties that is
materially injurious to the Company Group (monetarily or otherwise); provided,
however, Executive shall not be deemed to have been terminated for Cause under
clauses (B) through (I) above unless the determination of whether Cause exists
is made by a resolution duly adopted by the affirmative vote of not less than
two-thirds of the entire membership of the Board (excluding Executive, if a
member) at a meeting of the Board that was called for the purpose of considering
such termination (after reasonable notice to Executive and an opportunity for
Executive, together with Executive’s counsel, to be heard before the Board and,
if reasonably possible, to cure the breach that is the alleged basis for Cause)
finding that, in the good faith opinion of the Board, Executive was guilty of
conduct constituting Cause and specifying the particulars thereof in detail.
(ii)    Good Reason. “Good Reason” means (A) a material adverse reduction or
diminution in Executive’s position, authority, duties or responsibilities, but
not a change in reporting relationships, (B) a material reduction in Executive’s
base salary, (C) any intentional material diminution of Executive’s annual bonus
opportunities, periodic long-term incentive awards or benefits that the
Executive is eligible to earn (regardless of amounts actually earned or paid),
(D) the relocation of the Company’s principal executive offices by more than 50
miles from where such offices are located on the Effective Date or Executive
being based at any office other than the principal executive offices of the
Company, except for travel reasonably required in the performance of Executive’s
duties and reasonably consistent with Executive’s travel prior to the Effective
Date, (E) a material breach of this Agreement by the Company, or (F) the failure
of a successor to the Company to assume this Agreement. Executive shall provide
written notice of any such reduction, failure, change or breach upon which
Executive intends to rely as the basis for a Good Reason resignation within 45
days of the occurrence of such reduction, failure, change or breach. The Company
shall have 45 days following the receipt of such notice to remedy the condition
constituting such reduction, change or breach and, if so remedied, any
termination of Executive’s employment hereunder on the basis of the
circumstances described in such notice shall not be considered a Good Reason
resignation.
(iii)    Disability. “Disability” means Executive (A) is unable to perform
substantially Executive’s duties with the Company with or without reasonable
accommodation as a result of any physical or mental impairment that is
reasonably expected to last for a continuous period of not less than six months,
as supported by a written opinion by a physician selected by Executive and
reasonably acceptable to the Board, and (B) is eligible to receive long-term
disability benefits under the Company’s insured long-term disability plan.
9CHANGE IN CONTROL: Subject to any restrictions in that certain Merger and Share
Exchange Agreement dated as of January 8, 2014 by and among Infinity Cross
Border Acquisition Corporation, Glori Acquisition Corporation, Glori Merger
Subsidiary, Inc., Glori Energy Inc. (now known as Glori Energy Technology Inc.)
and Infinity-C.S.V.C. Management Ltd. and that certain Termination and Release
Agreement dated as of even date herewith by and between Executive and Glori
Energy Technology Inc., in the event of a Change in Control, 50 percent of
Executive’s then-unvested restricted shares of stock of the Company will
accelerate and vest in full

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and 50 percent of the Executive’s then-unvested options for purchase of shares
of stock of the Company will accelerate, vest in full and become fully
exercisable and if this Agreement is not assumed, and Executive’s employment is
not continued, by the resulting, surviving or successor entity from such Change
in Control (“Successor”), and the then-remaining unvested shares of restricted
stock and unvested and options for purchase of shares of stock of the Company
are not replaced with incentive grants with similar value and terms in the
Successor (“Replacement Grants”), or if Executive is terminated without Cause or
resigns for Good Reason within 12 months of such Change in Control, then the
remainder of the Executive’s restricted shares of stock of the Company and
options for purchase of shares of stock of the Company and all Replacement
Grants, if applicable, will accelerate and immediately vest in full. The term
“Change in Control” shall mean (i) the sale of all or substantially all of the
assets of the Company and its subsidiaries on a consolidated basis to an
unrelated person or entity, (ii) a merger, reorganization or consolidation in
which the Company’s outstanding equity interests are converted into or exchanged
for securities of the successor entity and the holders of the Company’s
outstanding voting power immediately prior to such transaction do not own at
least a majority of the outstanding voting power of the successor entity
immediately upon completion of such transaction, or (iii) prior to the effective
date of registration of the sale of any of its securities pursuant to the
Securities Act of 1933, as amended, the Company (in one or a series of
transactions) effecting the issuance of voting securities to one or more persons
or entities not then an affiliate of Company, resulting in shareholders of
Company prior to any such transaction(s) not retaining at least 51 percent of
the issued and outstanding voting securities of the Company following the
transaction(s).
10NO OFFSET OR MITIGATION: Executive shall not be required to mitigate the
amount of any payment or benefit provided for under this Agreement by seeking
other employment or otherwise nor shall the amount of any payment or benefit
provided for in this Agreement be reduced as the result of his employment by
another employer or his self-employment, except that any welfare severance
payments or welfare benefits that Executive is entitled to receive pursuant to a
Company severance welfare benefit plan for employees in general shall reduce the
amount of welfare severance payments and welfare benefits otherwise payable or
to be provided to Executive under this Agreement, but only to the extent they
are duplicative and such reduction complies with the requirements of Section
409A of the Code.
11CONFIDENTIALITY:
(a)    Non-Disclosure. Executive recognizes and agrees that he will have access
to confidential information of a special or unique value concerning the Company
Group (“Confidential Information”). Confidential Information refers to any and
all confidential or proprietary information, which was obtained from the Company
Group, or which was learned, discovered, developed, conceived, originated or
prepared by Executive in the scope of his employment. Executive also recognizes
that a portion of the business of the Company Group is dependent on trade
secrets (“Trade Secrets”). Confidential Information and Trade Secrets include,
but are not limited to, any information, whether tangible or intangible and in
whatever medium, relating directly or indirectly to any proposed or existing
business systems, strategies and models, proposed acquisitions, joint ventures
or other strategic transactions, pricing strategies, technical data or know-how,
finances, research, development, clients, customers, prospective clients and

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customers, contractual relationships, markets, marketing or business plans,
manufacturing, personnel, products, services, formulas, inventions, processes,
formulations, extracts, techniques, equipment, methods, designs, and drawings or
engineering concepts of the Company and its affiliates, whether created,
produced, manufactured, discovered, licensed, utilized, under development or
otherwise obtained by the Company and its affiliates through contractual or
other relationships, as well as all information generated by the Company and its
affiliates that contains, reflects, or is derived from such information, which
contains or otherwise reflects or is generated from such information and any
other information which is identified as confidential by the Company or its
affiliates. Executive acknowledges and agrees that the Confidential Information
and Trade Secrets the Company is providing Executive under this Agreement is new
Confidential Information and Trade Secrets to which Executive did not have
access or knowledge of prior to signing this Agreement. The protection of this
new Confidential Information and Trade Secrets, as well as past Confidential
Information and Trade Secrets that became known to Executive during employment
with the Company up to the Effective Date, against unauthorized disclosure or
use is of critical importance to the Company Group. Accordingly, Executive
agrees that he will maintain in confidence and shall not disclose or use, either
during or after the Term of this Agreement, any past or new Confidential
Information or Trade Secrets belonging to the Company Group, whether or not in
written form, except to the extent required to perform his duties on behalf of
the Company.
(b)    Return of Information. All data, records and other written material
prepared or compiled by Executive, furnished directly or indirectly to Executive
by the Company or its affiliates, or to which Executive may have access while in
the employ of the Company, shall be the sole and exclusive property of the
Company and/or its affiliates, and none of such data, documents or other
information, or copies thereof, shall be retained by Executive upon termination
of Executive’s employment. Executive shall deliver promptly to the Company at
termination, or at any other time the Company may request, without retaining any
copies, notes, or excerpts thereof, all memoranda, diaries, notes, records,
plans, or other documents relating, directly or indirectly to, any Confidential
Information and Trade Secrets made or compiled by, or delivered or made
available to, or otherwise obtained by Executive.
(c)    Legal Obligation. In the event Executive is required by any court or
legislative or administrative body (by oral questions, interrogatories, requests
for information or documents, subpoena, civil investigation demand or similar
process) to disclose any Confidential Information or Trade Secrets, Executive
shall provide the Company with prompt notice of such requirement in order to
afford the Company an opportunity to seek, at the Company’s sole expense, an
appropriate protective order, and Executive shall provide all commercially
reasonable assistance to the Company in its efforts to obtain any such
protective order. If the Company is unable to obtain or does not seek such
protective order and Executive is, in the opinion of counsel, compelled to
disclose such Confidential Information and Trade Secrets, disclosure of such
information shall not be deemed to be a violation of this Agreement; provided
that Executive shall limit any such disclosure to only that information which is
legally required to be disclosed.
12RESTRICTIVE COVENANTS: As consideration for the provision of, and as an
agreement ancillary to receipt of, new Confidential Information and Trade
Secrets to Executive and the other undertakings in this Agreement, and for the
specific purpose of enforcing the provisions

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of Section 11 hereof, and as a means to protect the Company Group’s goodwill,
Executive hereby agrees to the following:
(a)    Non-Competition. To the maximum extent permitted by law, during the Term
of this Agreement and for a period of one year after the termination of
Executive’s employment for any reason, Executive agrees that, without the prior
written consent of the Company, Executive shall not directly or indirectly,
within the Geographic Area, whether as an owner, employee, officer, director,
investor, independent contractor, consultant, or otherwise, in any job function
or capacity, participate or engage in the business of oilfield services focusing
on biological or microbial enhanced secondary recovery of hydrocarbons (the
“Business”), or work for or provide services to any person, partnership, entity,
business, association, or corporation engaged or involved in the Business within
the Geographic Area. The Geographic Area means the states of Texas and
California, the Province of Alberta, Canada, and any other state in the United
States or any other country worldwide in which the Company or its subsidiaries
or, to the extent Executive provides services to or otherwise has access to the
Confidential Information or Trade Secrets of a Parent Company, such Parent
Company engages in Business on, or has engaged in Business within two years
before, the date of Executive’s termination from the Company. Nothing in this
Agreement prohibits Executive from owning a passive investment interest of less
than two percent in a publicly traded company. Executive acknowledges that the
foregoing non-competition covenant may restrict his ability to work for certain
companies, but that he will receive sufficient monetary and other consideration
from the Company hereunder to justify such restriction and that the restriction
is reasonable. Executive acknowledges that he considers the restrictions
contained in this Section 12 to be reasonable and necessary for providing
consideration for his employment and for the purpose of preserving and
protecting the valuable Confidential Information and Trade Secrets of the
Company Group and its clients and customers, and the Company Group’s goodwill,
reputation, and relationships with its clients and customers.
(b)    Non-Solicitation of Employees. During the Term of this Agreement and for
a period of two years after the termination of Executive’s employment for any
reason, Executive shall not, for his own behalf or on behalf of any other
person, partnership, entity, association, or corporation, (i) hire or seek to
hire any employee of the Company Group, (ii) in any other manner attempt
directly or indirectly to influence, induce, or encourage any such employee of
the Company Group to leave such employment, or (iii) use or disclose to any
person, partnership, entity, association, or corporation any information
concerning the names, addresses, telephone numbers, e-mail addresses, or other
personnel-related information regarding any such employees; provided, however,
the foregoing shall not prohibit any general advertising.
(c)    Non-Solicitation of Customers. During the Term of this Agreement and for
a period of one year after the termination of Executive’s employment with the
Company for any reason, Executive shall not, for his own behalf or on behalf of
any other person, partnership, entity, association, or corporation, solicit,
transact, or attempt to transact business with any person, firm or other entity
who is or was a customer of the Company Group and with whom Executive (i)
directly or indirectly managed, or had knowledge of, business by the Company
Group, (ii) had contact or transacted business on behalf of the Company Group,
or (iii) was involved in, or had knowledge of, the Company Group actively
investigating with a view to conducting business or

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actively pursuing a plan to conduct business, since the Effective Date of this
Agreement or two years prior to the termination of his employment with the
Company, whichever is shorter. Executive acknowledges that this restriction is
necessary in order for the Company Group to preserve and protect its legitimate
proprietary interest in its goodwill, client and customer lists, and other
Confidential Information and Trade Secrets; provided, however, the foregoing
shall not prohibit any general advertising that is not directed at customers of
the Company Group.
(d)    Survival of Obligations. The expiration of the applicable restricted
period in this Section 12 will not relieve Executive of any obligation or
liability arising from any breach by Executive of this Section 12 during such
restricted period. Executive further agrees that the time period during which
the covenants contained in this Section 12 will be effective will be computed by
excluding from such computation any time during which Executive is in violation
of any provision of this Section 12.
(e)    Change in Control. If Executive is terminated after a Change in Control
with the right to payments and benefits under Section 9, there will be no
withholding of benefits or payments due to a violation of the restrictive
covenants contained in this Section 12 and Executive will not be bound by the
non-competition provisions of Section .
13WORK PRODUCT: Executive shall promptly and fully disclose to the Company all
Work Product which Executive conceives, creates or develops during his
employment with the Company, whether conceived or developed during regular
working hours or otherwise and whether on Company Group premises or otherwise.
All such Work Product shall be the exclusive property of the Company. Executive
shall: (i) assist the Company in obtaining appropriate legal protection
(including patent, trademark, and copyright protection) for the rights of the
Company with respect to such Work Product, and (ii) execute all documents and do
all things necessary to (A) obtain such legal protection, and (B) vest the
Company with full and exclusive title thereof. All Work Product shall be
considered, to the maximum extent possible, work made for hire by the Company
within the meaning of Title 17 of the United States Code. To the extent the
Company does not own such Work Product as a work made for hire, Executive hereby
assigns to the Company all rights to such Work Product. “Work Product” means
designs, writings, programs, software, technical data, specifications, know-how,
processes, methods, business confidential information, inventions, discoveries,
and works as well as the patents, copyrights, and other intellectual property
and proprietary rights therein, conceived, created or developed by Executive on
behalf of the Company Group reasonably related to the Company Group’s existing
business, contemplated business, and reasonable expansions of such business. The
term “works” means computer programs, software, writings, drawings, artwork and
all works of authorship under the copyright laws of the United States.
14SEVERABILITY AND REFORMATION: If any provision of this Agreement is held to be
illegal, invalid or unenforceable under any present or future law, and if the
rights or obligations of Executive or the Company under this Agreement would not
be materially and adversely affected thereby, such provision shall be fully
severable, and the remaining provisions of this Agreement shall remain in full
force and effect and shall not be affected by the illegal, invalid or
unenforceable provision or by its severance herefrom, and in lieu of such
illegal, invalid or

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unenforceable provision, there shall be added automatically as a part of this
Agreement a legal, valid and enforceable provision as similar in terms to such
illegal, invalid or unenforceable provision as may be possible, and the Company
and Executive hereby request the court to whom disputes relating to this
Agreement are submitted to reform the otherwise unenforceable provision in
accordance with this Section 14. Without limiting the foregoing, if any court of
competent jurisdiction (or an arbitrator in accordance with Section 20 hereof)
determines that any part of Sections 11 or 12 hereof is unenforceable because of
the duration, geographic area covered, scope of such provision, or otherwise,
such court or arbitrator will have the power to reduce the duration, geographic
area covered or scope of such provision, as the case may be, and, in its reduced
form, such provision will then be enforceable. Executive will, at the Company’s
request, join the Company in requesting that such court or arbitrator take such
action
15WARRANTY AND INDEMNIFICATION: Executive warrants that he is not a party to any
other restrictive agreement limiting his activities in his employment by the
Company. Executive further warrants that at the time of the signing of this
Agreement, Executive knows of no written or oral contract or of any other
impediment that would inhibit or prohibit continued employment with the Company.
Executive shall hold the Company Group harmless from any and all suits and
claims arising out of any breach of such restrictive agreement or contracts.
16NON-DISPARAGEMENT: The parties shall refrain, both during and after the Term,
from publishing any oral or written statements about each other (including with
respect to the Company, its affiliates, or any of their respective officers,
employees, agents, or representatives) that are disparaging, slanderous,
libelous, or defamatory.
17NOTICES: Notices and all other communications shall be in writing and shall be
deemed to have been duly given when personally delivered or when mailed by
United States registered or certified mail. Notices to the Company shall be sent
to 4315 South Drive, Houston, Texas 77053 attention: Human Resources. Notices
and communications to Executive shall be sent to the address Executive most
recently provided to the Company.
18NO WAIVER: No failure by either party at any time to give notice of any breach
by the other party of, or to require compliance with, any condition or provision
of this Agreement shall be deemed a waiver of any provisions or conditions of
this Agreement.
19INJUNCTIVE RELIEF: Executive acknowledges that the breach of any of the
covenants contained in Sections 11, 12 , 13 or 16 could give rise to irreparable
injury to the Company Group, the amount of which could be difficult or
impossible to estimate. Accordingly, Executive agrees that the Company shall be
entitled to injunctive relief to prevent or cure breaches or threatened breaches
of the provisions of this Agreement and to enforce specific performance of the
terms and provisions hereof in any court of competent jurisdiction, in addition
to any other legal or equitable remedies, which may be available. Executive
further acknowledges and agrees that the enforcement of a remedy hereunder by
way of injunction shall not prevent Executive from earning a reasonable
livelihood. Executive further acknowledges and agrees that the covenants
contained herein are necessary for the protection of the Company Group’s
legitimate business interests and are reasonable in scope and content. Nothing
herein shall prevent either party from pursuing a legal and/or equitable action
against the other party for any damages caused by such party’s breach of this
Agreement.

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20ARBITRATION: Any dispute arising under or related to this Agreement or about
the validity, interpretation, effect or alleged violation of this Agreement (an
“arbitrable dispute”) must be submitted to confidential arbitration in Houston,
Texas. Arbitration shall take place before an experienced employment arbitrator
licensed to practice law in such state and selected in accordance with the Model
Employment Arbitration Procedures of the American Arbitration Association.
Arbitration shall be the exclusive remedy of any arbitrable dispute. The Company
shall bear all reasonable documented out-of-pocket fees, costs and expenses of
arbitration, including those of Executive unless the arbitrator finds that
Executive has acted in bad faith and provides otherwise with respect to the
fees, costs and expenses of Executive; provided, however, in no event shall
Executive be chargeable with the fees, costs and expenses of the Company or the
arbitrator. Should any party to this Agreement pursue any arbitrable dispute by
any method other than arbitration, the other party shall be entitled to recover
from the party initiating the use of such method all damages, costs, expenses
and reasonable attorneys’ fees incurred as a result of the use of such method.
Notwithstanding anything herein to the contrary, nothing in this Agreement shall
purport to waive or in any way limit the right of any party to seek to enforce
any judgment or decision on an arbitrable dispute in a court of competent
jurisdiction. Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts in Houston, Texas, for the purposes
of any proceeding arising out of this Agreement. However, this arbitration
agreement shall not apply to any claim: (i) for workers’ compensation or
unemployment benefits; or (ii) by Company for injunctive and/or other equitable
relief for unfair competition and/or the use and/or unauthorized disclosure of
Trade Secrets or Confidential Information, including but not limited to, matters
described in Sections 11 and 12, or with respect to the matters described in
Sections 13 and 16. With respect to matters referred to in the foregoing
sub-paragraph (ii), the Company may seek and obtain injunctive relief in court,
and then proceed with arbitration under this Agreement.
21RELEASE AGREEMENT: Executive agrees that, as a condition to receiving the
Severance Pay, Executive shall execute a general release agreement in a form
provided by the Company (the “Release”), which shall include, without
limitation, a waiver and release of all claims arising out of Executive’s
service as an employee of the Company, its subsidiaries or any of their
affiliates and the termination of such relationship. Such claims include all
claims based on any federal, state or local statute, including without
limitation the Age Discrimination in Employment Act of 1967, as amended, Title
VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1866,
the Employee Retirement Income Security Act of 1974, as amended, but excluding
all vested benefits and rights Executive has under any employee benefit plans,
and the Texas Commission on Human Rights Act. In order for Executive to receive
the Severance Pay, the Executive must deliver a properly executed copy of the
Release within the particular time period specified therein, which shall be no
later than the Release Deadline and not revoke such executed and delivered
Release, and any applicable revocation period set forth in the Release must have
expired (such requirements collectively, the “Release Requirement”). The
“Release Deadline” shall be the particular time period specified in the Release
for the delivery of the executed release, which shall be no later than 45 days
following the delivery of the Release to Executive. Notwithstanding the
foregoing, if Executive’s termination is due to death, or Executive dies after
his termination date and before the expiration of the Release Deadline without
having executed the Release, the Release Deadline shall be extended to the 90th
day after the date of Executive’s death. The properly executed Release must
actually be received by the Company, or its duly authorized

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representative, at the address specified by the Company by the Release Deadline
to be considered timely. If Executive (or Executive’s estate, as the case may
be) does not properly execute the Release by the Release Deadline, or
effectively revokes the executed Release within the applicable revocation period
set forth in the Release, Executive (or Executive’s estate) will receive only
the Termination Obligations and such other compensation and benefits as are
required by applicable law and will not be entitled to any Severance Pay. The
Company will deliver the form of Release to Executive within seven days
following Executive’s termination. If the Company fails to do so, then,
notwithstanding any provision of this Agreement to the contrary, the Executive
shall be deemed to have satisfied the Release Requirement.
22GOVERNING LAW: This Agreement will be governed by and construed in accordance
with the laws of the State of Texas without regard to conflicts of law
principles.
23SUCCESSORS:
(a)    This Agreement is personal to Executive and without the prior written
consent of the Company shall not be assignable by Executive otherwise than by
will or the laws of descent and distribution. This Agreement shall inure to the
benefit of and be enforceable by Executive’s legal representatives.
(b)    This Agreement shall inure to the benefit of and be binding upon the
Company and its successors and assigns.
(c)    The Company shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company and its subsidiaries, taken as a whole, to
assume expressly and agree to perform this Agreement in the same manner and to
the same extent that the Company would be required to perform it if no such
succession had taken place. As used in this Agreement, “Company” shall mean the
Company as defined in this Agreement and any successor to its business and/or
assets as aforesaid which assumes and agrees to perform this Agreement by
operation of law or otherwise.
24ENTIRE AGREEMENT: This instrument contains the entire agreement of Executive
and the Company with respect to the subject matter hereof and all promises,
representations, understandings, arrangements, and prior and contemporaneous
agreements (written or oral) between the parties with respect to the subject
matter hereof, are terminated hereby.
25SURVIVAL/SEVERABILITY/HEADINGS: It is the express intention and agreement of
the parties that Sections 8 through 27 of this Agreement shall survive the
termination of the Term. In addition, all obligations of the Company to make
payments under this Agreement shall survive any termination of this Agreement on
the terms and conditions set forth in this Agreement. The invalidity or
unenforceability of any one or more provisions of this Agreement shall not
affect the validity or enforceability of the other provisions of this Agreement,
which shall remain in full force and effect. Article and section headings
contained in this Agreement are provided for convenience and reference only, and
do not define or affect the meaning, construction, or scope of any of the
provisions of this Agreement.

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26TAX WITHHOLDING: The Company shall be entitled to withhold from any
compensatory payments that it makes to Executive under this Agreement or
otherwise all taxes required by applicable law to be withheld therefrom by the
Company.
27SECTION 409A COMPLIANCE:
(a)    General Suspension of Payments. If Executive is a “specified employee,”
as such term is defined within the meaning of Section 409A of the Code, any
payments or benefits that are treated as nonqualified deferred compensation for
purposes of Section 409A of the Code and that are payable or provided as a
result of Executive’s termination of employment that would otherwise be paid or
provided prior to the earliest of the dates set forth in the following
provisions of this Section 27(a) shall instead be deferred, accumulated and paid
in a lump sum or provided on the earliest of (i) the first day of the seventh
month following Executive’s termination, (ii) the date of Executive’s death, or
(iii) any date that otherwise complies with Section 409A of the Code.
(b)    Release Payments. In the event that any payments from the Company to
Executive to be made under this Agreement by reason of Executive’s termination
of employment constitute nonqualified deferred compensation under Section 409A
of the Code and are subject to Executive’s satisfaction of the Release
Requirement would otherwise be payable at a time prior to the sixtieth (60th)
day following Executive’s termination date, then subject to the Release
Requirement having been satisfied, the payment of all such amounts shall be
delayed and such amounts shall accumulated and paid in a lump sum on the
sixtieth (60th) day following Executive’s termination date, unless and to the
extent the delay provided by Section 27(a) shall apply. In the event that any
payments from the Company to Executive to be made under this Agreement by reason
of Executive’s termination of employment do not constitute nonqualified deferred
compensation under Section 409A of the Code, but are subject to Executive’s
satisfaction of the Release Requirement and would otherwise be payable at a time
prior to the satisfaction of the Release Requirement, then the payment of all
such amounts shall be delayed and such amount shall be accumulated and paid in a
lump sum on the third (3rd) day following Executive’s satisfaction of the
Release Requirement.
(c)    Any payments which are delayed pursuant to Section 27(a) or Section 27(b)
shall bear interest at the LIBOR rate in effect of Executive’s termination date
until paid, and such interest shall be included and paid with each such delayed
payment.
(d)    Reimbursement Payments. The following rules shall apply to payments of
any amounts under this Agreement that are treated as “reimbursement payments”
under Section 409A of the Code: (i) the amount of expenses eligible for
reimbursement in one calendar year shall not limit the available reimbursements
for any other calendar year (other than an arrangement providing for the
reimbursement of medical expenses referred to in Section 105(b) of the Code);
(ii) Executive shall file a claim for all reimbursement payments not later than
30 days following the end of the calendar year during which the expenses were
incurred; (iii) Company shall make such reimbursement payments within 30 days
following the date Executive delivers written notice of the expenses to Company;
and (iv) the Executive’s right

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to such reimbursement payments shall not be subject to liquidation or exchange
for any other payment or benefit.
(e)    Separation from Service. For purposes of this Agreement, any reference to
“termination” of Executive’s employment shall be interpreted consistent with the
meaning of the term “separation from service” in Section 409A(a)(2)(A)(i) of the
Code and no portion of the Severance Payments shall be paid to Executive prior
to the date Executive incurs a separation from service under Section
409A(a)(2)(A)(i).
(f)    General. This Agreement and the payments and benefits provided hereunder
are intended to comply with or otherwise be exempt from the requirements of
Section 409A of the Code and shall be construed, interpreted and administered in
a manner consistent with such intent. Notwithstanding any provisions of this
Agreement relating to the timing of any benefits or payments, to the extent
required to comply with applicable law, including Section 409A of the Code, or
to prevent the imposition of any excise taxes or penalties on Company or
Executive, the commencement of payment or provision of any payment or benefit
shall be deferred to the minimum extent necessary so as to comply with any such
law or to avoid the imposition of any such excise tax or penalty. For purposes
of Section 409A of the Code and this Agreement, the right to any series of
installment payments under this Agreement shall be treated as a right to a
series of separate payments
(g)    Death. If Executive dies after his termination of employment but before
all payments due under this Agreement have been made, such payments shall be
made to Executive’s estate.
28LEGAL FEES: The Company shall reimburse Executive for his reasonable
documented out-of-pocket legal fees incurred in advising him with respect to
review of this Agreement before signing.
[Remainder of page intentionally left blank. Signature page follows.]

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IN WITNESS WHEREOF, the Company and Executive have executed this Agreement in
multiple originals to be effective for all purposes as of the Effective Date.
Glori Energy Inc.
Executive

 
By: /s/ Stuart Page                      
Name: Stuart Page
Title: President and Chief Executive Officer 

/s/ Michael Pavia          
Michael Pavia

Signature page to Employment Agreement

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EXHIBIT A
TO EMPLOYMENT AGREEMENT
BETWEEN GLORI ENERGY INC.
AND THE EXECUTIVE NAMED BELOW
Name:
Michael Pavia

Position:
Chief Technology Officer

Reporting:
Executive shall report to the President and Chief Executive Officer.

Term:
The Term of this Agreement shall continue until the termination of Executive’s
employment for any reason.

Annual Base Salary:
$250,000.00. Executive’s base salary may be increased from time to time, but
once increased may not be thereafter decreased.

Annual Bonus:
Commencing on the first day of each calendar year of the Company (each calendar
year being a “Bonus Period”), Executive shall participate in the Company’s
annual bonus program (“Bonus Program”) for such Bonus Period, subject to the
terms of the Bonus Program. Executive’s target bonus potential for a Bonus
Period shall not be less than 40% of Executive's Annual Base Salary. The Company
shall pay Executive his bonus amount, if any, in accordance with the terms of
the Bonus Program.

Equity Grants:
Executive shall be eligible to receive periodic equity grants under the terms of
the Company’s long-term incentive plan with a value, to be determined in the
sole discretion of the Company’s Board of Directors or its Compensation
Committee, as applicable, ranging from 0% to 100% of Executive’s then Annual
Base Salary.

Cash Severance Amount:
an amount equal to (i) 50% of Executive’s then Annual Base Salary and (ii) an
amount equal to the sum of Executive’s bonuses and other incentive compensation
for periods ended prior to the date of termination, but for which payment has
not been made and is otherwise conditioned on continued employment until the
time of payment (in each case, without any duplication of the amounts described
in Section 7 of the Agreement).

Parachute Tax Gross-Up:
In the event it shall be determined that any payment to Executive, whether under
this Agreement or otherwise, would be subject to the excise tax imposed by
Section 4999 of the Code, or any interest or penalties are incurred by Executive
with respect to such tax (such tax, together with any such interest and
penalties, hereinafter collectively referred to as the “Excise Tax”), the
Company shall pay

Exhibit A to Employment Agreement

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Executive a “Gross-Up Payment” in an amount such that after payment by Executive
of all taxes imposed upon the Gross-Up Payment, including, without limitation,
any additional Excise Tax on the Gross-Up Payment, Executive retains an amount
of the Gross-Up Payment equal to the initial Excise Tax. Such Gross-Up Payment
shall be paid no later than the time Executive is required to pay the Excise Tax
and in all events by the end of Executive’s taxable year in which Executive
remits the applicable taxes.
Vacation:
Executive shall be eligible to receive paid vacation time of a minimum of twenty
days per calendar year, subject to increase (but not decrease) in the discretion
of the Board, with any unused vacation days carrying over to the following
calendar year in accordance with the Company’s vacation policy. Executive shall
take vacation in accordance with the terms of the Company’s vacation policy.

Exhibit A to Employment Agreement