Exhibit 10.2
Confidential
CONSULTING SERVICES AGREEMENT
     This Consulting Services Agreement (“Agreement”) is entered into as of
October 19, 2006, between GX Technology Corporation, a Texas corporation, having
offices at 2101 City West Boulevard, Building III, Suite 900, Houston, Texas
77042 (the “Company”), and Michael K. Lambert, residing at 5006 Palmetto Street,
Bellaire Texas 77401 (“Consultant”). The Company and Consultant are sometimes
referred to in this Agreement as a “Party” and collectively as the “Parties.”
     Consultant was employed by the Company since 1989 and as its President from
1997 until his recent voluntary resignation, which will be effective on
December 31, 2006. The Parties desire for Consultant to continue to provide
consulting services to the Company pursuant to the terms and conditions of this
Agreement.
     The Parties agree as follows:
1. Services.
     (a) The Company hereby engages Consultant to perform management advisory
services as requested from time to time by the Company (the “Services”) during
the Term and as agreed by the Consultant. The specifics and schedule of the
Services will be as approved from time to time by the Chief Executive Officer of
Input/Output, Inc. or another Company representative designated by such person,
such approval being subject to agreement by the Consultant.
     (b) The Company enters into this Agreement based on Consultant’s
demonstrated ability to perform the Services. Consequently, other than providing
related information as requested from time to time by Consultant, the Company
will not provide Consultant with any training or instructions with respect to
the Services. Company will provide Consultant with working space and usual
office supply and other materials for Consultant’s use when Consultant is on the
Company’s premises. Promptly after the termination of this Agreement, Consultant
will return to the Company all materials provided by the Company in condition
similar to the condition of such materials when delivered to Consultant, normal
wear and tear excepted.
     (c) In the performance of Services under this Agreement, Consultant agrees
that he will comply with all applicable laws, statutes and regulations relating
to providing the Services, including but not limited to, the Foreign Corrupt
Practices Act (“FCPA”), environmental laws, employment laws, safety regulations,
securities laws and regulations, antitrust laws, intellectual property laws and
any other applicable laws, statutes or regulations and to conduct himself in
keeping with high ethical standards. Consultant further agrees that he will
comply with all applicable safety and security regulations and policies while on
the Company’s premises and all other policies of the Company and will use his
best efforts to preserve the business of the Company and the good will of all
employees, customers, suppliers and other persons having business relations with
the Company. In accordance with the FCPA, Consultant shall not make any payment
prohibited by the FCPA to any party for the purpose of securing business.

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     (d) Consultant shall not utilize the services of any individual, company or
other entity as a subcontractor or an independent contractor to assist in
performing the Services unless Consultant obtains the prior written permission
of the Company to utilize the services of such subcontractor or independent
contractor in connection with the Services.
2. Term. The term of this Agreement shall commence on January 1, 2007, and shall
remain in effect through December 31, 2007 (the “Term”), unless earlier
terminated in accordance with Section 16.
3. Payment to Consultant.
     (a) In consideration for the Services provided by Consultant during the
Term, the Company shall pay Consultant compensation equal to an annual rate of
$266,740 per year, payable in twelve installments on the last business day of
each month of the term.
     (b) The Company will reimburse Consultant for reasonable and necessary
out-of-pocket expenses incurred by Consultant in performance of the Services, in
accordance with the Company’s general expense reimbursement policies. If any
such costs are reasonably expected to individually exceed the sum of $1,000, the
prior approval of the Company shall be required. Such costs shall be incurred at
the lowest reasonable level possible, consistent with the Company’s
reimbursement policies applicable to its employees. Reasonable transportation
expenses incurred by Consultant at the request of the Company will be reimbursed
to Consultant. Consultant shall submit to the Company a statement setting forth
the related expenses, together with receipts or other supporting evidence as may
be reasonably requested by the Company.
     (c) Consultant shall maintain during the Term of this Agreement, and retain
not less than three (3) years after the expiration or termination thereof,
complete and accurate records of all of Consultant’s costs that are chargeable
to the Company under this Agreement. The Company shall have the right, on
advance notice and at reasonable times, to inspect and audit those records by
authorized representatives of its own or any public accounting firm selected by
it.
4. Confidentiality of the Company’s Business.
     (a) Consultant acknowledges that the business of the Company and its
affiliates is highly competitive and that the Company’s books, records and
documents, information concerning the Company’s strategies, plans, business,
products, equipment, services and processes, procurement procedures and pricing
techniques, the names of and other information (such as credit and financial
data) concerning the Company’s customers and business affiliates, the terms of
this Agreement, and any other confidential and/or proprietary information and/or
trade secrets that have been developed or used by or on behalf of the Company or
its affiliates or will be developed and that cannot be obtained readily by third
parties from outside sources (collectively, “Confidential Information”), all
comprise confidential business information and trade secrets of the Company that
are valuable, special and unique proprietary assets of the Company. Consultant
further acknowledges that protection of the Company’s Confidential

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Information against unauthorized disclosure and use is of critical importance to
the Company in maintaining its competitive position. Accordingly, Consultant
hereby agrees that he will not, at any time during or after the term of this
Agreement, make any unauthorized disclosure of any Confidential Information of
the Company or its affiliates, or make any use thereof, except solely for the
benefit of, and on behalf of, the Company or its affiliates in the performance
of the Services pursuant to this Agreement. Consultant will safeguard the
Confidential Information from unauthorized disclosure. Consultant also agrees to
preserve and protect the confidentiality of third party Confidential Information
to the same extent, and on the same basis, as the Company’s Confidential
Information. Consultant’s obligation under this Section 4 will not extend to
information which is or becomes part of the public domain through no action or
omission of Consultant.
     (b) If Consultant is requested or required (by oral question,
interrogatories, requests for information or documents, subpoena, civil
investigative demand or similar process) to disclose any Confidential
Information, Consultant will promptly notify the Company of such request or
requirement so that the Company may seek an appropriate protective order or
waiver in compliance with the provisions of this Agreement. If, in the absence
of a protective order or the receipt of a waiver hereunder, Consultant is, in
the opinion of Consultant’s counsel, compelled to disclose the Confidential
Information, Consultant may disclose only such of the Confidential Information
to the party compelling disclosure as is required by law. Consultant shall not
be liable for the disclosure of Confidential Information pursuant to the
preceding sentence unless such disclosure was caused by Consultant and not
otherwise permitted by this Agreement.
     (c) All written Confidential Information (including that portion of the
Confidential Information that may be found in analyses, compilations, studies or
other documents prepared by or for Consultant) will be returned to the Company
immediately upon the Company’s request, and no copies shall be retained by
Consultant. Oral Confidential Information and written Confidential Information
not so requested or returned will be held by Consultant and kept subject to the
terms of this Agreement or destroyed.
5. Protection of Company’s Business Interest. Without prior written approval
from the Company, during the Term, Consultant agrees that he will not, directly
or indirectly, for himself or for others, (a) consult, advise, counsel or
otherwise assist any competitor of the Company or its affiliates in any manner
that would have, or is likely to have, a directly adverse effect upon the
Company or its affiliates or (b) solicit or attempt to solicit for employment or
service, or hire or attempt to hire for employment or service, any persons
employed by the Company or any of its affiliates at any time between January 1,
2006 and December 31, 2007, or any individuals contracted by the Company or any
of its affiliates to provide services at any time during such period; provided
that none of the foregoing shall be deemed to preclude Consultant from
(i) placing general advertising (including in trade publications) or
(ii) engaging a recruitment firm for a non-targeted search.
6. Intellectual Property Rights.
     (a) All information, data, documents and materials provided by the Company
to Consultant, or acquired or learned by Consultant from the Company’s files,
documents, employees or representatives in connection with the Services, shall
remain the sole and exclusive

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property of the Company. Consultant shall obtain no rights whatsoever, whether
under applicable patent, copyright, trade secret laws or otherwise, in such
information, data, documents or materials unless specifically provided in
writing by the Company.
     (b) All information, drawings, plans, specifications, designs, reports,
computations, calculations, presentations, working papers and other documents
prepared by or on behalf of Consultant in furtherance of or in connection with
the Services (collectively, the “Work Product”) will be and shall remain the
sole and exclusive property of the Company and shall be delivered to the Company
upon its request. The Company shall have full and unlimited right to use all of
the same without any claim or right thereto by Consultant for any additional
compensation for such use. Consultant further agrees that the Work Product and
all other information developed or secured by Consultant during performance of
the Services shall be kept strictly confidential and shall not be sold, traded,
published or otherwise disclosed to anyone in any manner whatsoever, including
by means of photocopying or reproduction, without the Company’s prior written
consent. Consultant shall obtain no rights whatsoever, whether under applicable
patent, copyright, trade secret laws or otherwise, in such Work Product and
information unless specifically provided in writing by the Company. Consultant
agrees to assign and hereby assigns to the Company all title, patents, patent
rights, copyrights, mask work rights, trade secret rights and all other
intellectual and industrial property rights of any sort anywhere in the world in
connection with such Work Product. All works of authorship by Consultant under
this Agreement will be “works made for hire” to the extent allowed by law. Any
assignment of copyright hereunder (and any ownership of a copyright as a work
made for hire) includes all rights of paternity, integrity, disclosure and
withdrawal and any other rights that may be known as or referred to as “moral
rights” (collectively “Moral Rights”). To the extent such Moral Rights cannot be
assigned under applicable law and to the extent the following is allowed by the
laws in the various countries where Moral Rights exist, Consultant hereby
ratifies and consents to any action of the Company that would violate such Moral
Rights in the absence of such ratification/consent. Consultant agrees to confirm
any such ratifications and consents from time to time as requested by the
Company. Similarly, if Consultant, in connection with the Services, obtains
access to third party information, data, documents and materials that are in the
possession of the Company, Consultant shall obtain no rights in such third party
information, data, documents and materials. Irrespective of whether the Work
Product, information, data, documents and materials is subject to the
obligations of confidence imposed by Section 4, Consultant shall make no copies,
summaries or extracts thereof except as necessary in connection with this
Agreement or as otherwise specifically authorized in writing by the Company, and
Consultant shall make no use of such Work Product, information, data, documents
and materials except as specifically authorized in writing by the Company.
Irrespective of whether the Work Product, information, data, documents and
materials is subject to the obligations of confidence imposed by Section 4, upon
completion of the Services, or the Company terminating this Agreement,
Consultant shall immediately return to the Company all such Work Product,
information, data, documents and materials, as well as any and all copies,
summaries or extracts thereof (except for one copy which may be retained
Consultant solely for record-keeping purposes). Consultant shall also
immediately return to the Company all such Work Product, information, data,
documents and materials, as well as any and all copies, summaries or extracts
thereof, whenever requested by the Company. For purposes of this Agreement,
“Work Product” also includes inventions (including, but not limited to,
improvements, inventions, designs, formulas, works of authorship, trade secrets,
technology,

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mask works, circuits, layouts, algorithms, computer programs, ideas, processes,
techniques, know-how and data, whether or not patentable) that Consultant makes,
conceives, reduces to practice or develops (in whole or in part, either alone or
jointly with others) during the term of this Agreement in connection with
performing Services or that relate to any other Work Product.
     (c) Consultant shall not knowingly disclose or provide to the Company any
information, ideas, concepts, improvements, discoveries, inventions or forms of
expression of ideas that Consultant does not own or otherwise have the right to
disclose or provide to the Company.
7. Equitable Relief. Money damages would not be a sufficient remedy for any
breach of Sections 4, 5 or 6 of this Agreement by either Party, and the Party
not in breach of this Agreement shall be entitled to seek specific performance
and injunctive relief as remedies upon proof of any such breach. Such remedies
shall not be deemed to be the exclusive remedies for a breach of this Agreement
but shall be in addition to all other remedies available at law or in equity to
a Party.
8. Insurance. During the Term, Consultant shall be solely responsible for
maintaining, at his own cost and expense, insurance covering him, his activities
and his business.
9. Independent Contractor.
     (a) The Services performed by Consultant shall be as an independent
contractor and not as an employee. Accordingly, with respect to this Agreement,
Consultant is not entitled to the benefits provided by the Company to its
employees, including, but not limited to, group insurance and participation in
the Company’s employee benefit and pension plans.
     (b) In the event Consultant for any reason were to become eligible to
participate in a Company-sponsored benefit program with respect to this
Agreement, Consultant hereby waives any such right to participate in the
program. This waiver of any right to participate in Company-sponsored employee
benefit programs represents a material component of the terms of payment agreed
to by the Parties. Further, Consultant is not an agent, partner, or joint
venturer of the Company. Consultant shall not represent himself to third persons
to be other than an independent consultant of the Company, nor shall Consultant
permit himself to offer or agree to incur or assume any obligations or
commitments in the name of the Company or for the Company without the prior
written consent and authorization of the Company.
10. Taxes. Consultant shall be responsible for payment of all taxes arising out
of Consultant’s activities under this Agreement, including by way of
illustration but not limitation, federal and state income tax, Social Security
tax, unemployment insurance taxes, and any other taxes or business license fees
as required, except any excise tax that may be applicable to compensation paid
to Consultant under this Agreement pursuant to Section 409A of the Internal
Revenue Code. The Company shall reimburse and indemnify Consultant for such
excise tax by paying to Consultant such additional compensation so as to ensure
that the compensation to Consultant is equal to the amount Consultant would have
received if such excise tax had not been applicable to Consultant’s compensation
under this Agreement. The Company will neither pay unemployment taxes on, nor
withhold employment taxes from, any compensation it pays Consultant.
Notwithstanding the

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foregoing, the Company shall have the right to withhold any and all taxes from
payments due to Consultant under this Agreement to the extent that such
withholding may be required by any governmental body claiming jurisdiction over
any payment made to or earned by Consultant hereunder, and payment by the
Company to the respective governmental office of the amount of money so withheld
will relieve the Company from any further obligation to Consultant with respect
to the amount so withheld.
11. Notices. All notices under this Agreement shall be in writing and sent by
hand delivery, telecopy or certified mail to the addresses set forth at the
beginning of this Agreement or such other address for notice as either Party may
designate from time to time.
12. Waiver. Failure of either Party at any time to require performance by the
other Party of any provision hereof shall in no way affect the right of the
Party hereafter to enforce the same. Nor shall any waiver by the either Party of
any breach of any provision hereof be taken or held to be a waiver of any
succeeding breach of such provision or as a waiver of this provision itself.
13. Applicable Law; Dispute Resolution. This Agreement shall be governed by and
construed in accordance with the laws of the State of Texas, excluding
applicable conflict-of-law rules or principles. The Parties agree that any legal
suit, action or proceeding arising out of or relating to this Agreement shall be
resolved by the courts of the State of Texas and of the United States of America
located in the City of Houston. Both Parties irrevocably and unconditionally
consent to submit to the exclusive jurisdiction of such courts for any legal
suit, action or proceeding arising out of or relating to this Agreement (and
agree not to commence any such legal suit, action or proceeding except in such
courts). Notwithstanding the foregoing, this Section shall not limit either
Party’s right to obtain any provisional or equitable remedy, including, without
limitation, injunctive relief, from any court of competent jurisdiction, as may
be necessary in the sole judgment of such Party to protect its rights hereunder.
14. Severability. The terms in this Agreement shall be enforceable to the
fullest extent permitted by law. If any such term or covenant or the application
thereof to any person or circumstance shall be construed to be invalid or
unenforceable, then such term shall be construed in a manner as to permit its
enforceability to the fullest extent permitted by law. The remaining provisions
of this Agreement shall remain in full force and effect.
15. Successors and Assignment. This Agreement automatically shall be binding
upon and shall inure to the benefit of any person, corporation or entity which
may hereafter acquire or succeed to all or substantially all of the business or
assets of the Company by purchase, merger, consolidation or by any other means
whatsoever, whether direct or indirect. This Agreement shall not be assigned by
Consultant.
16. Termination.

  (a)   The Consultant may terminate this Agreement effective immediately upon
written notice to the Company if the Company breaches this Agreement and such
breach is not cured within ten (10) business days after the Company receives
written notice from Consultant of the breach. Within fifteen (15) days of such

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      termination by Consultant, Company will pay to Consultant the full balance
of the fees provided under Section 3.     (b)   The Company may terminate this
Agreement effective immediately upon written notice to Consultant in the event
Consultant breaches this Agreement and such breach is not cured within ten
(10) business days after Consultant receives written notice from the Company of
the breach.     (c)   Upon receipt of notice of termination by Company or
Consultant pursuant to this Section 16, Consultant shall immediately discontinue
all Services and transfer title and deliver to the Company all Work Product
(including work in process, completed work, supplies and other materials
produced or acquired for the Services, as well as the completed or partially
completed plans, drawings, information, and other property that, if this
Agreement had been completed, would be required to be furnished to the Company).
    (d)   Termination of this Agreement shall not relieve any Party from any
obligation accruing or accrued to the date of such termination, nor deprive a
Party not in default of any remedy otherwise available to it. The
indemnification provisions of this Agreement shall survive such termination
relative to all claims and other indemnified matters, discovered or
undiscovered, arising out of, in connection with, or incident to this Agreement.
    (e)   If either Party terminates this Agreement early under this Section 16,
the provisions and obligations of Sections 4, 5 and 6 of this Agreement shall
continue in full force and effect for the full time periods stated therein, as
if this Agreement had not terminated early.

     If this Agreement is terminated by the Company under the terms of
Section 16 (b) and such termination occurs after commencement of any Services
hereunder, the Company shall pay Consultant for Services which have been
satisfactorily performed to the date of termination for which Consultant has not
previously been paid by the Company.
     The obligations of the Parties set forth in Sections 4, 5, 6, 8, 9, 10 and
16 shall survive the expiration or termination of this Agreement.
17. Controlled Substances; Weapons. Consultant acknowledges that it is the
policy of the Company that: (a) the use, possession, and/or distribution of
illegal or unauthorized drugs, drug related paraphernalia, or weapons on the
Company’s premises is prohibited, and the use or possession of alcoholic
beverages, except where authorized by the Company’s management, also is
prohibited; (b) entry onto or presence on the Company’s premises by any person,
including Consultant, constitutes consent to the Company to conduct searches,
whether announced or unannounced, on the Company’s premises of the person and
Consultant’s personal effects for such prohibited items; and (c) any person who
is found in violation of the policy or who refuses to permit a search may be
removed and barred from the Company’s premises, at the discretion of the
Company.

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18. Other Agreements/Modifications. This Agreement supersedes all other
preceding agreements or understandings between the Parties regarding the
Services and constitutes the entire agreement of the Parties regarding the
performance of the Services. Nothing in this Agreement shall affect, lessen or
negate any of the existing rights or obligations of Consultant or the Company
under the Executive Employment Agreement dated March 26, 2004 between Consultant
and the Company, as amended, or any other agreements entered into by Consultant
with or for the benefit of the Company in conjunction with Consultant’s previous
employment with the Company, including the agreement between Consultant and
Input/Output, Inc. dated October ___, 2006, and any employee nondisclosure,
invention or proprietary information agreements. This Agreement may not be
amended, modified, superseded, canceled, renewed, or extended without a written
instrument executed by both Parties.
19. Representations. Consultant represents that Consultant is not a party to any
restrictive agreement limiting Consultant’s activities in providing the
Services. Consultant further represents that at the time of the execution of
this Agreement, Consultant knows of no written or oral contract or of any other
impediment that would inhibit or prohibit this consulting arrangement with the
Company.
     IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
as of the day and year first above written.

                  Michael K. Lambert       GX TECHNOLOGY CORPORATION    
 
               
/s/ MICHAEL K. LAMBERT
 
      By:   /s/ DAVID L. ROLAND
 
            Name: David L. Roland             Title: Vice President    

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