Exhibit
10.3


ENSERVCO
CORPORATION


EMPLOYMENT
AGREEMENT


This
Employment Agreement (this “Agreement”), effective on the date that this is mutually executed, is by and between
the following parties and amends and replaces in its entirety that certain employment agreement dated July 27, 2010, by and between
the Employee and Dillco Fluid Service, Inc., which agreement is of no further force or effect:


Company:


Enservco
Corporation, a Delaware corporation, and


Employee:


Austin
Peitz, an individual resident of the state of Colorado.


Background


		A.	In
                                                                                                                                 order
                                                                                                                                 to
                                                                                                                                 induce
                                                                                                                                 Employee
                                                                                                                                 to
                                                                                                                                 serve
                                                                                                                                 as
                                                                                                                                 the
                                                                                                                                 Director
                                                                                                                                 of
                                                                                                                                 Operations
                                                                                                                                 and
                                                                                                                                 to
                                                                                                                                 oversee
                                                                                                                                 the
                                                                                                                                 operations
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 subsidiaries,
                                                                                                                                 the
                                                                                                                                 Company
                                                                                                                                 desires
                                                                                                                                 to
                                                                                                                                 provide
                                                                                                                                 Employee
                                                                                                                                 with
                                                                                                                                 compensation
                                                                                                                                 and
                                                                                                                                 other
                                                                                                                                 benefits
                                                                                                                                 on
                                                                                                                                 the
                                                                                                                                 terms
                                                                                                                                 and
                                                                                                                                 conditions
                                                                                                                                 contained
                                                                                                                                 in
                                                                                                                                 this
                                                                                                                                 Agreement.



		B.	Employee
                                                                                                                                 is
                                                                                                                                 willing
                                                                                                                                 to
                                                                                                                                 accept
                                                                                                                                 such
                                                                                                                                 employment
                                                                                                                                 and
                                                                                                                                 perform
                                                                                                                                 services
                                                                                                                                 for
                                                                                                                                 the
                                                                                                                                 Company
                                                                                                                                 on
                                                                                                                                 the
                                                                                                                                 terms
                                                                                                                                 and
                                                                                                                                 conditions
                                                                                                                                 contained
                                                                                                                                 in
                                                                                                                                 this
                                                                                                                                 Agreement.



Agreement


In
consideration of the mutual promises and consideration described below, the parties agree as follows:


		1.	Employment.
                                                                                                                                 Subject
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 terms
                                                                                                                                 and
                                                                                                                                 conditions
                                                                                                                                 of
                                                                                                                                 this
                                                                                                                                 Agreement,
                                                                                                                                 the
                                                                                                                                 Company
                                                                                                                                 and
                                                                                                                                 Employee
                                                                                                                                 agree
                                                                                                                                 to
                                                                                                                                 enter
                                                                                                                                 into
                                                                                                                                 an
                                                                                                                                 employment
                                                                                                                                 relationship
                                                                                                                                 whereby
                                                                                                                                 Employee
                                                                                                                                 will
                                                                                                                                 serve
                                                                                                                                 as
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 Director
                                                                                                                                 of
                                                                                                                                 Operations.
                                                                                                                                 Employee
                                                                                                                                 will
                                                                                                                                 report
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 President
                                                                                                                                 and
                                                                                                                                 to
                                                                                                                                 its
                                                                                                                                 Chief
                                                                                                                                 Executive
                                                                                                                                 Officer.
                                                                                                                                 Employee
                                                                                                                                 will
                                                                                                                                 have
                                                                                                                                 such
                                                                                                                                 responsibilities
                                                                                                                                 and
                                                                                                                                 authority
                                                                                                                                 as
                                                                                                                                 are
                                                                                                                                 consistent
                                                                                                                                 with
                                                                                                                                 the
                                                                                                                                 position
                                                                                                                                 Director
                                                                                                                                 of
                                                                                                                                 Operations
                                                                                                                                 and
                                                                                                                                 as
                                                                                                                                 may
                                                                                                                                 be
                                                                                                                                 determined
                                                                                                                                 from
                                                                                                                                 time
                                                                                                                                 to
                                                                                                                                 time
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 Chief
                                                                                                                                 Executive
                                                                                                                                 Officer
                                                                                                                                 and
                                                                                                                                 will
                                                                                                                                 generally
                                                                                                                                 oversee
                                                                                                                                 the
                                                                                                                                 operations
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 subsidiaries.
                                                                                                                                 Employee
                                                                                                                                 agrees
                                                                                                                                 to
                                                                                                                                 devote
                                                                                                                                 all
                                                                                                                                 of
                                                                                                                                 his
                                                                                                                                 working
                                                                                                                                 time
                                                                                                                                 and
                                                                                                                                 efforts
                                                                                                                                 (except
                                                                                                                                 for
                                                                                                                                 permitted
                                                                                                                                 vacation
                                                                                                                                 periods
                                                                                                                                 and
                                                                                                                                 reasonable
                                                                                                                                 periods
                                                                                                                                 of
                                                                                                                                 illness
                                                                                                                                 and
                                                                                                                                 other
                                                                                                                                 incapacity),
                                                                                                                                 experience
                                                                                                                                 and
                                                                                                                                 talent,
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 best
                                                                                                                                 of
                                                                                                                                 his
                                                                                                                                 ability,
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 performance
                                                                                                                                 of
                                                                                                                                 services
                                                                                                                                 for
                                                                                                                                 the
                                                                                                                                 Company.



		2.	Term
                                                                                                                                 of
                                                                                                                                 Employment.
                                                                                                                                 Employee’s
                                                                                                                                 term
                                                                                                                                 of
                                                                                                                                 employment
                                                                                                                                 under
                                                                                                                                 this
                                                                                                                                 Agreement
                                                                                                                                 will
                                                                                                                                 commence
                                                                                                                                 on
                                                                                                                                 the
                                                                                                                                 date
                                                                                                                                 this
                                                                                                                                 is
                                                                                                                                 mutually
                                                                                                                                 executed
                                                                                                                                 and
                                                                                                                                 continue
                                                                                                                                 until
                                                                                                                                 June
                                                                                                                                 30,
                                                                                                                                 2015
                                                                                                                                 (the
                                                                                                                                 “End
                                                                                                                                 Date”,
                                                                                                                                 and
                                                                                                                                 such
                                                                                                                                 period,
                                                                                                                                 the
                                                                                                                                 “Term”),
                                                                                                                                 unless
                                                                                                                                 otherwise
                                                                                                                                 terminated
                                                                                                                                 as
                                                                                                                                 described
                                                                                                                                 in
                                                                                                                                 Section
                                                                                                                                 5
                                                                                                                                 below.
                                                                                                                                 There
                                                                                                                                 will
                                                                                                                                 not
                                                                                                                                 be
                                                                                                                                 any
                                                                                                                                 automatic
                                                                                                                                 renewal
                                                                                                                                 of
                                                                                                                                 this
                                                                                                                                 Agreement.
                                                                                                                                 Should
                                                                                                                                 Employee
                                                                                                                                 continue
                                                                                                                                 to
                                                                                                                                 be
                                                                                                                                 employed
                                                                                                                                 following
                                                                                                                                 the
                                                                                                                                 expiration
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Term,
                                                                                                                                 unless
                                                                                                                                 Employee
                                                                                                                                 enters
                                                                                                                                 into
                                                                                                                                 another
                                                                                                                                 employment
                                                                                                                                 agreement,
                                                                                                                                 Employee
                                                                                                                                 acknowledges
                                                                                                                                 that
                                                                                                                                 he
                                                                                                                                 will
                                                                                                                                 at
                                                                                                                                 such
                                                                                                                                 time
                                                                                                                                 be
                                                                                                                                 considered
                                                                                                                                 an
                                                                                                                                 at-will
                                                                                                                                 employee.



1


 


 






    	 



    	 



    

 


 


		3.	Compensation.



		a.	Base
                                                                                                                                     Salary.
                                                                                                                                     The
                                                                                                                                     Company
                                                                                                                                     will
                                                                                                                                     pay
                                                                                                                                     Employee
                                                                                                                                     during
                                                                                                                                     the
                                                                                                                                     Term
                                                                                                                                     an
                                                                                                                                     annual
                                                                                                                                     base
                                                                                                                                     salary
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     amount
                                                                                                                                     of
                                                                                                                                     $175,000.00
                                                                                                                                     (“Base
                                                                                                                                     Salary”).
                                                                                                                                     At
                                                                                                                                     each
                                                                                                                                     and
                                                                                                                                     every
                                                                                                                                     July
                                                                                                                                     1
                                                                                                                                     during
                                                                                                                                     the
                                                                                                                                     Term
                                                                                                                                     (commencing
                                                                                                                                     July
                                                                                                                                     1,
                                                                                                                                     2013),
                                                                                                                                     the
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     increased
                                                                                                                                     by
                                                                                                                                     not
                                                                                                                                     less
                                                                                                                                     than
                                                                                                                                     5%
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     as
                                                                                                                                     of
                                                                                                                                     June
                                                                                                                                     30
                                                                                                                                     immediately
                                                                                                                                     preceding.
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     payable
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     ordinary
                                                                                                                                     payroll
                                                                                                                                     practices
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company.



		b.	Bonus.
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     eligible
                                                                                                                                     each
                                                                                                                                     year
                                                                                                                                     for
                                                                                                                                     a
                                                                                                                                     discretionary
                                                                                                                                     bonus
                                                                                                                                     in
                                                                                                                                     addition
                                                                                                                                     to
                                                                                                                                     Employee’s
                                                                                                                                     Base
                                                                                                                                     Salary,
                                                                                                                                     which
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     awarded
                                                                                                                                     in
                                                                                                                                     such
                                                                                                                                     amounts
                                                                                                                                     as
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     board
                                                                                                                                     of
                                                                                                                                     directors
                                                                                                                                     will
                                                                                                                                     determine
                                                                                                                                     and
                                                                                                                                     based
                                                                                                                                     upon
                                                                                                                                     Employee’s
                                                                                                                                     individual
                                                                                                                                     performance
                                                                                                                                     and
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     financial
                                                                                                                                     performance.
                                                                                                                                     Such
                                                                                                                                     bonus
                                                                                                                                     for
                                                                                                                                     any
                                                                                                                                     year,
                                                                                                                                     if
                                                                                                                                     any,
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     paid
                                                                                                                                     during
                                                                                                                                     the
                                                                                                                                     90-day
                                                                                                                                     period
                                                                                                                                     beginning
                                                                                                                                     February
                                                                                                                                     1
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     year
                                                                                                                                     immediately
                                                                                                                                     after
                                                                                                                                     the
                                                                                                                                     year
                                                                                                                                     for
                                                                                                                                     which
                                                                                                                                     the
                                                                                                                                     bonus
                                                                                                                                     was
                                                                                                                                     earned.



		c.	Options.
                                                                                                                                     Subject
                                                                                                                                     to
                                                                                                                                     and
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     2010
                                                                                                                                     Stock
                                                                                                                                     Incentive
                                                                                                                                     Plan
                                                                                                                                     of
                                                                                                                                     Enservco
                                                                                                                                     Corporation
                                                                                                                                     (formerly
                                                                                                                                     Aspen
                                                                                                                                     Exploration
                                                                                                                                     Corporation)
                                                                                                                                     and
                                                                                                                                     not
                                                                                                                                     in
                                                                                                                                     replacement
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     options
                                                                                                                                     previously
                                                                                                                                     granted
                                                                                                                                     but
                                                                                                                                     in
                                                                                                                                     addition
                                                                                                                                     thereto,
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     will
                                                                                                                                     grant
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     an
                                                                                                                                     option
                                                                                                                                     to
                                                                                                                                     acquire
                                                                                                                                     300,000
                                                                                                                                     shares
                                                                                                                                     of
                                                                                                                                     common
                                                                                                                                     stock
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company.
                                                                                                                                     The
                                                                                                                                     exercise
                                                                                                                                     price
                                                                                                                                     will
                                                                                                                                     equal
                                                                                                                                     the
                                                                                                                                     closing
                                                                                                                                     price
                                                                                                                                     on
                                                                                                                                     the
                                                                                                                                     second
                                                                                                                                     business
                                                                                                                                     day
                                                                                                                                     following
                                                                                                                                     the
                                                                                                                                     mutual
                                                                                                                                     execution
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Employment
                                                                                                                                     Agreement
                                                                                                                                     provided
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     Employee
                                                                                                                                     returns
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     a
                                                                                                                                     signed
                                                                                                                                     option
                                                                                                                                     agreement
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     form
                                                                                                                                     attached
                                                                                                                                     hereto
                                                                                                                                     within
                                                                                                                                     seven
                                                                                                                                     business
                                                                                                                                     days
                                                                                                                                     thereafter,
                                                                                                                                     which
                                                                                                                                     shall
                                                                                                                                     also
                                                                                                                                     be
                                                                                                                                     the
                                                                                                                                     grant
                                                                                                                                     date.
                                                                                                                                     The
                                                                                                                                     option
                                                                                                                                     will
                                                                                                                                     expire
                                                                                                                                     five
                                                                                                                                     years
                                                                                                                                     from
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     grant.
                                                                                                                                     The
                                                                                                                                     option
                                                                                                                                     will
                                                                                                                                     vest
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     following
                                                                                                                                     schedule
                                                                                                                                     provided
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     Employee
                                                                                                                                     remains
                                                                                                                                     employed
                                                                                                                                     by,
                                                                                                                                     or
                                                                                                                                     retained
                                                                                                                                     as
                                                                                                                                     a
                                                                                                                                     consultant
                                                                                                                                     to,
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     or
                                                                                                                                     any
                                                                                                                                     of
                                                                                                                                     its
                                                                                                                                     subsidiaries
                                                                                                                                     as
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     vesting
                                                                                                                                     date:



		(i)	100,000
                                                                                                                                    on
                                                                                                                                    June
                                                                                                                                    1,
                                                                                                                                    2013;



		(ii)	100,000
                                                                                                                                     on
                                                                                                                                     June
                                                                                                                                     1,
                                                                                                                                     2014;
                                                                                                                                     and



		(iii)	100,000
                                                                                                                                      on
                                                                                                                                      June
                                                                                                                                      1,
                                                                                                                                      2015.



		d.	Withholding.
                                                                                                                                     All
                                                                                                                                     payments
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     subject
                                                                                                                                     to
                                                                                                                                     withholding
                                                                                                                                     as
                                                                                                                                     required
                                                                                                                                     by
                                                                                                                                     law.



		4.	Employee
                                                                                                                                 Benefits.



		a.	Benefit
                                                                                                                                     Plans.
                                                                                                                                     During
                                                                                                                                     the
                                                                                                                                     Term,
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     will
                                                                                                                                     provide
                                                                                                                                     Employee
                                                                                                                                     with
                                                                                                                                     coverage
                                                                                                                                     under
                                                                                                                                     all
                                                                                                                                     employee
                                                                                                                                     benefit
                                                                                                                                     plans
                                                                                                                                     available
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     employees
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     extent
                                                                                                                                     permitted
                                                                                                                                     under
                                                                                                                                     any
                                                                                                                                     such
                                                                                                                                     employee
                                                                                                                                     benefit
                                                                                                                                     plan
                                                                                                                                     and
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     terms
                                                                                                                                     thereof.



 


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		b.	Vacation.
                                                                                                                                     During
                                                                                                                                     the
                                                                                                                                     term
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement,
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     take
                                                                                                                                     five
                                                                                                                                     weeks
                                                                                                                                     of
                                                                                                                                     paid
                                                                                                                                     vacation
                                                                                                                                     per
                                                                                                                                     calendar
                                                                                                                                     year
                                                                                                                                     as
                                                                                                                                     well
                                                                                                                                     as
                                                                                                                                     sick
                                                                                                                                     leave
                                                                                                                                     consistent
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     policy
                                                                                                                                     in
                                                                                                                                     effect
                                                                                                                                     at
                                                                                                                                     the
                                                                                                                                     time.
                                                                                                                                     Vacation
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     taken
                                                                                                                                     at
                                                                                                                                     times
                                                                                                                                     mutually
                                                                                                                                     satisfactory
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     Chief
                                                                                                                                     Executive
                                                                                                                                     Officer
                                                                                                                                     and
                                                                                                                                     the
                                                                                                                                     Employee.
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     not
                                                                                                                                     take
                                                                                                                                     vacations
                                                                                                                                     at
                                                                                                                                     times
                                                                                                                                     or
                                                                                                                                     in
                                                                                                                                     amounts
                                                                                                                                     that
                                                                                                                                     would
                                                                                                                                     materially
                                                                                                                                     affect
                                                                                                                                     Employee’s
                                                                                                                                     ability
                                                                                                                                     to
                                                                                                                                     perform
                                                                                                                                     his
                                                                                                                                     work
                                                                                                                                     duties.
                                                                                                                                     Up
                                                                                                                                     to
                                                                                                                                     10
                                                                                                                                     days
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     paid
                                                                                                                                     vacation
                                                                                                                                     may
                                                                                                                                     be
                                                                                                                                     rolled-over
                                                                                                                                     each
                                                                                                                                     year.
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     payment
                                                                                                                                     for
                                                                                                                                     any
                                                                                                                                     unused
                                                                                                                                     vacation
                                                                                                                                     days
                                                                                                                                     upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     with
                                                                                                                                     Company.



		c.	Expenses.
                                                                                                                                     Employee
                                                                                                                                     is
                                                                                                                                     authorized
                                                                                                                                     to
                                                                                                                                     incur
                                                                                                                                     reasonable
                                                                                                                                     expenses
                                                                                                                                     in
                                                                                                                                     carrying
                                                                                                                                     out
                                                                                                                                     his
                                                                                                                                     duties
                                                                                                                                     and
                                                                                                                                     responsibilities
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement.
                                                                                                                                     The
                                                                                                                                     Company
                                                                                                                                     will
                                                                                                                                     reimburse
                                                                                                                                     Employee
                                                                                                                                     for
                                                                                                                                     such
                                                                                                                                     expenses
                                                                                                                                     upon
                                                                                                                                     presentation
                                                                                                                                     by
                                                                                                                                     Employee
                                                                                                                                     from
                                                                                                                                     time
                                                                                                                                     to
                                                                                                                                     time
                                                                                                                                     of
                                                                                                                                     appropriately
                                                                                                                                     itemized
                                                                                                                                     and
                                                                                                                                     approved
                                                                                                                                     accounts
                                                                                                                                     of
                                                                                                                                     such
                                                                                                                                     expenditures
                                                                                                                                     consistent
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     policies
                                                                                                                                     and
                                                                                                                                     practices.



		5.	Termination
                                                                                                                                 of
                                                                                                                                 Employment.



		a.	Termination
                                                                                                                                     Without
                                                                                                                                     Cause.
                                                                                                                                     If
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     is
                                                                                                                                     terminated
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     (other
                                                                                                                                     than
                                                                                                                                     for
                                                                                                                                     Cause),
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     accrued
                                                                                                                                     but
                                                                                                                                     unpaid
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     and
                                                                                                                                     bonus
                                                                                                                                     and
                                                                                                                                     accrued
                                                                                                                                     benefits
                                                                                                                                     (including
                                                                                                                                     vested
                                                                                                                                     options
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     subsection
                                                                                                                                     3.c.
                                                                                                                                     above)
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     termination
                                                                                                                                     plus
                                                                                                                                     he
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     receive
                                                                                                                                     as
                                                                                                                                     severance
                                                                                                                                     six
                                                                                                                                     months
                                                                                                                                     of
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     from
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     termination,
                                                                                                                                     such
                                                                                                                                     amount
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     paid
                                                                                                                                     monthly
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     then
                                                                                                                                     current
                                                                                                                                     payroll
                                                                                                                                     practices,
                                                                                                                                     and
                                                                                                                                     all
                                                                                                                                     options
                                                                                                                                     as
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     section
                                                                                                                                     3.c.
                                                                                                                                     above
                                                                                                                                     will
                                                                                                                                     vest.
                                                                                                                                     Upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     without
                                                                                                                                     cause,
                                                                                                                                     except
                                                                                                                                     for
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     a.,
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     to
                                                                                                                                     make
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     payments
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     provide
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     benefits
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     cease
                                                                                                                                     and
                                                                                                                                     terminate.



		b.	Termination
                                                                                                                                     By
                                                                                                                                     Resignation.
                                                                                                                                     Except
                                                                                                                                     as
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     below,
                                                                                                                                     if
                                                                                                                                     Employee
                                                                                                                                     resigns
                                                                                                                                     for
                                                                                                                                     any
                                                                                                                                     reason,
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     accrued
                                                                                                                                     but
                                                                                                                                     unpaid
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     and
                                                                                                                                     bonus
                                                                                                                                     and
                                                                                                                                     accrued
                                                                                                                                     benefits
                                                                                                                                     (including
                                                                                                                                     vested
                                                                                                                                     options
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     subsection
                                                                                                                                     3.c.
                                                                                                                                     above)
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     effective
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     resignation.
                                                                                                                                     Upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     by
                                                                                                                                     resignation,
                                                                                                                                     except
                                                                                                                                     for
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     b.,
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     to
                                                                                                                                     make
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     payments
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     provide
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     benefits
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     cease
                                                                                                                                     and
                                                                                                                                     terminate.



		c.	Termination
                                                                                                                                     For
                                                                                                                                     Cause.
                                                                                                                                     The
                                                                                                                                     Company
                                                                                                                                     will
                                                                                                                                     have
                                                                                                                                     the
                                                                                                                                     right
                                                                                                                                     to
                                                                                                                                     terminate
                                                                                                                                     the
                                                                                                                                     employment
                                                                                                                                     of
                                                                                                                                     Employee
                                                                                                                                     for
                                                                                                                                     Cause.
                                                                                                                                     In
                                                                                                                                     the
                                                                                                                                     event
                                                                                                                                     that
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     is
                                                                                                                                     terminated
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     for
                                                                                                                                     Cause,
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     entitled
                                                                                                                                     to
                                                                                                                                     receive
                                                                                                                                     only
                                                                                                                                     accrued
                                                                                                                                     but
                                                                                                                                     unpaid
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     and
                                                                                                                                     bonus
                                                                                                                                     and
                                                                                                                                     accrued
                                                                                                                                     benefits
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     termination
                                                                                                                                     (including
                                                                                                                                     vested
                                                                                                                                     options
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     subsection
                                                                                                                                     3.c.
                                                                                                                                     above).
                                                                                                                                     Upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     for
                                                                                                                                     Cause,
                                                                                                                                     except
                                                                                                                                     as
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     c.,
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     to
                                                                                                                                     make
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     payments
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     provide
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     benefits
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     cease
                                                                                                                                     and
                                                                                                                                     terminate.
                                                                                                                                     As
                                                                                                                                     used
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     Agreement,
                                                                                                                                     the
                                                                                                                                     term
                                                                                                                                     “Cause”
                                                                                                                                     means
                                                                                                                                     as
                                                                                                                                     a
                                                                                                                                     result
                                                                                                                                     of
                                                                                                                                     (i)
                                                                                                                                     any
                                                                                                                                     breach
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     written
                                                                                                                                     policy
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company;
                                                                                                                                     (ii) conduct
                                                                                                                                     involving
                                                                                                                                     moral
                                                                                                                                     turpitude,
                                                                                                                                     including,
                                                                                                                                     but
                                                                                                                                     not
                                                                                                                                     limited
                                                                                                                                     to,
                                                                                                                                     misappropriation
                                                                                                                                     or
                                                                                                                                     conversion
                                                                                                                                     of
                                                                                                                                     assets
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     (other
                                                                                                                                     than
                                                                                                                                     immaterial
                                                                                                                                     assets);
                                                                                                                                     (iii)
                                                                                                                                     Employee’s
                                                                                                                                     conviction
                                                                                                                                     of,
                                                                                                                                     or
                                                                                                                                     entry
                                                                                                                                     of
                                                                                                                                     a
                                                                                                                                     plea
                                                                                                                                     of
                                                                                                                                     nolo
                                                                                                                                     contendere
                                                                                                                                     to,
                                                                                                                                     a
                                                                                                                                     felony;
                                                                                                                                     and
                                                                                                                                     (iv)
                                                                                                                                     a
                                                                                                                                     material
                                                                                                                                     breach
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement.



3


 


 






    	 



    	 



    

 


 


		d.	Permanent
                                                                                                                                     Disability.
                                                                                                                                     If
                                                                                                                                     Employee
                                                                                                                                     is
                                                                                                                                     unable
                                                                                                                                     to
                                                                                                                                     engage
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     activities
                                                                                                                                     required
                                                                                                                                     by
                                                                                                                                     Employee’s
                                                                                                                                     job
                                                                                                                                     by
                                                                                                                                     reason
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     medically
                                                                                                                                     determined
                                                                                                                                     physical
                                                                                                                                     or
                                                                                                                                     mental
                                                                                                                                     impairment
                                                                                                                                     which
                                                                                                                                     has
                                                                                                                                     lasted
                                                                                                                                     or
                                                                                                                                     can
                                                                                                                                     be
                                                                                                                                     expected
                                                                                                                                     to
                                                                                                                                     last
                                                                                                                                     for
                                                                                                                                     a
                                                                                                                                     continuous
                                                                                                                                     period
                                                                                                                                     of
                                                                                                                                     not
                                                                                                                                     less
                                                                                                                                     than
                                                                                                                                     three
                                                                                                                                     consecutive
                                                                                                                                     months
                                                                                                                                     (“Permanent
                                                                                                                                     Disability”),
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     or
                                                                                                                                     Employee
                                                                                                                                     may
                                                                                                                                     terminate
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     on
                                                                                                                                     written
                                                                                                                                     notice
                                                                                                                                     thereof,
                                                                                                                                     and
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     receive
                                                                                                                                     accrued
                                                                                                                                     but
                                                                                                                                     unpaid
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     and
                                                                                                                                     bonus
                                                                                                                                     and
                                                                                                                                     accrued
                                                                                                                                     benefits
                                                                                                                                     (including
                                                                                                                                     vested
                                                                                                                                     options
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     subsection
                                                                                                                                     3.c.
                                                                                                                                     above)
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     termination
                                                                                                                                     and/or
                                                                                                                                     any
                                                                                                                                     payments
                                                                                                                                     under
                                                                                                                                     applicable
                                                                                                                                     employee
                                                                                                                                     benefit
                                                                                                                                     plans
                                                                                                                                     or
                                                                                                                                     programs.
                                                                                                                                     Upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     by
                                                                                                                                     Permanent
                                                                                                                                     Disability,
                                                                                                                                     except
                                                                                                                                     as
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     subsection d.,
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     to
                                                                                                                                     make
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     payments
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     provide
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     benefits
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     cease
                                                                                                                                     and
                                                                                                                                     terminate.



		e.	Death.
                                                                                                                                     In
                                                                                                                                     the
                                                                                                                                     event
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     death
                                                                                                                                     during
                                                                                                                                     the
                                                                                                                                     Term,
                                                                                                                                     Employee’s
                                                                                                                                     estate
                                                                                                                                     or
                                                                                                                                     designated
                                                                                                                                     beneficiaries
                                                                                                                                     will
                                                                                                                                     receive
                                                                                                                                     or
                                                                                                                                     commence
                                                                                                                                     receiving,
                                                                                                                                     as
                                                                                                                                     soon
                                                                                                                                     as
                                                                                                                                     practicable,
                                                                                                                                     accrued
                                                                                                                                     but
                                                                                                                                     unpaid
                                                                                                                                     Base
                                                                                                                                     Salary
                                                                                                                                     and
                                                                                                                                     bonus
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     of
                                                                                                                                     death
                                                                                                                                     and
                                                                                                                                     any
                                                                                                                                     payments
                                                                                                                                     under
                                                                                                                                     applicable
                                                                                                                                     employee
                                                                                                                                     benefit
                                                                                                                                     plans
                                                                                                                                     or
                                                                                                                                     programs
                                                                                                                                     (including
                                                                                                                                     vested
                                                                                                                                     options
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     subsection
                                                                                                                                     3.c.
                                                                                                                                     above).
                                                                                                                                     Upon
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     by
                                                                                                                                     death,
                                                                                                                                     except
                                                                                                                                     as
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     e.,
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     to
                                                                                                                                     make
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     payments
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     provide
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     benefits
                                                                                                                                     to
                                                                                                                                     Employee
                                                                                                                                     will
                                                                                                                                     cease
                                                                                                                                     and
                                                                                                                                     terminate.



		6.	Nondisclosure
                                                                                                                                 of
                                                                                                                                 Confidential
                                                                                                                                 Information.
                                                                                                                                 During
                                                                                                                                 Employee’s
                                                                                                                                 employment,
                                                                                                                                 and
                                                                                                                                 for
                                                                                                                                 a
                                                                                                                                 period
                                                                                                                                 of
                                                                                                                                 one
                                                                                                                                 year
                                                                                                                                 thereafter,
                                                                                                                                 Employee
                                                                                                                                 will
                                                                                                                                 not,
                                                                                                                                 without
                                                                                                                                 the
                                                                                                                                 prior
                                                                                                                                 written
                                                                                                                                 consent
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Chief
                                                                                                                                 Executive
                                                                                                                                 Officer,
                                                                                                                                 use,
                                                                                                                                 divulge,
                                                                                                                                 disclose
                                                                                                                                 or
                                                                                                                                 make
                                                                                                                                 accessible
                                                                                                                                 to
                                                                                                                                 any
                                                                                                                                 other
                                                                                                                                 person,
                                                                                                                                 firm,
                                                                                                                                 partnership,
                                                                                                                                 corporation
                                                                                                                                 or
                                                                                                                                 other
                                                                                                                                 entity
                                                                                                                                 any
                                                                                                                                 Confidential
                                                                                                                                 Information
                                                                                                                                 pertaining
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 business
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Company
                                                                                                                                 or
                                                                                                                                 any
                                                                                                                                 of
                                                                                                                                 its
                                                                                                                                 affiliates,
                                                                                                                                 except
                                                                                                                                 (a)
                                                                                                                                 while
                                                                                                                                 employed
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company,
                                                                                                                                 in
                                                                                                                                 the
                                                                                                                                 business
                                                                                                                                 of
                                                                                                                                 and
                                                                                                                                 for
                                                                                                                                 the
                                                                                                                                 benefit
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Company,
                                                                                                                                 or
                                                                                                                                 (b)
                                                                                                                                 as
                                                                                                                                 required
                                                                                                                                 by
                                                                                                                                 law.
                                                                                                                                 “Confidential
                                                                                                                                 Information”
                                                                                                                                 includes
                                                                                                                                 without
                                                                                                                                 limitation
                                                                                                                                 non-public
                                                                                                                                 information
                                                                                                                                 concerning
                                                                                                                                 the
                                                                                                                                 financial
                                                                                                                                 data,
                                                                                                                                 business
                                                                                                                                 plans,
                                                                                                                                 product
                                                                                                                                 development
                                                                                                                                 (or
                                                                                                                                 other
                                                                                                                                 proprietary
                                                                                                                                 product
                                                                                                                                 data),
                                                                                                                                 customer
                                                                                                                                 lists,
                                                                                                                                 marketing,
                                                                                                                                 acquisition
                                                                                                                                 and
                                                                                                                                 divestiture
                                                                                                                                 plans
                                                                                                                                 and
                                                                                                                                 other
                                                                                                                                 non-public,
                                                                                                                                 proprietary
                                                                                                                                 and
                                                                                                                                 confidential
                                                                                                                                 information
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 Company.
                                                                                                                                 Employee
                                                                                                                                 or
                                                                                                                                 his
                                                                                                                                 legal
                                                                                                                                 representatives,
                                                                                                                                 heirs
                                                                                                                                 or
                                                                                                                                 designated
                                                                                                                                 beneficiaries
                                                                                                                                 must
                                                                                                                                 return
                                                                                                                                 all
                                                                                                                                 Confidential
                                                                                                                                 Information
                                                                                                                                 within
                                                                                                                                 15
                                                                                                                                 days
                                                                                                                                 of
                                                                                                                                 the
                                                                                                                                 termination
                                                                                                                                 of
                                                                                                                                 Employee’s
                                                                                                                                 employment
                                                                                                                                 for
                                                                                                                                 any
                                                                                                                                 reason.
                                                                                                                                 Employee
                                                                                                                                 acknowledges
                                                                                                                                 that
                                                                                                                                 this
                                                                                                                                 Section
                                                                                                                                 6
                                                                                                                                 survives
                                                                                                                                 the
                                                                                                                                 termination
                                                                                                                                 of
                                                                                                                                 Employee’s
                                                                                                                                 employment
                                                                                                                                 and
                                                                                                                                 is
                                                                                                                                 enforceable
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company
                                                                                                                                 at
                                                                                                                                 any
                                                                                                                                 time,
                                                                                                                                 regardless
                                                                                                                                 of
                                                                                                                                 whether
                                                                                                                                 the
                                                                                                                                 Employee
                                                                                                                                 continues
                                                                                                                                 to
                                                                                                                                 be
                                                                                                                                 employed
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company.



4


 


 






    	 



    	 



    

 


 


		7.	Non-Competition
                                                                                                                                 and
                                                                                                                                 Non-Solicitation.
                                                                                                                                 



		a.	From
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     hereof
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     End
                                                                                                                                     Date
                                                                                                                                     or,
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     event
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     is
                                                                                                                                     terminated
                                                                                                                                     pursuant
                                                                                                                                     to
                                                                                                                                     Section
                                                                                                                                     5.b.
                                                                                                                                     or
                                                                                                                                     Section
                                                                                                                                     5.c.
                                                                                                                                     hereof,
                                                                                                                                     from
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     hereof
                                                                                                                                     through
                                                                                                                                     the
                                                                                                                                     first
                                                                                                                                     anniversary
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     employment
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company,
                                                                                                                                     Employee
                                                                                                                                     agrees
                                                                                                                                     that,
                                                                                                                                     without
                                                                                                                                     the
                                                                                                                                     prior
                                                                                                                                     written
                                                                                                                                     consent
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Chief
                                                                                                                                     Executive
                                                                                                                                     Officer,
                                                                                                                                     he
                                                                                                                                     will
                                                                                                                                     not
                                                                                                                                     (i)
                                                                                                                                     engage
                                                                                                                                     in
                                                                                                                                     or
                                                                                                                                     have
                                                                                                                                     any
                                                                                                                                     direct
                                                                                                                                     interest
                                                                                                                                     in,
                                                                                                                                     as
                                                                                                                                     an
                                                                                                                                     employee,
                                                                                                                                     officer,
                                                                                                                                     director,
                                                                                                                                     agent,
                                                                                                                                     subcontractor,
                                                                                                                                     consultant,
                                                                                                                                     security
                                                                                                                                     holder,
                                                                                                                                     partner,
                                                                                                                                     creditor
                                                                                                                                     or
                                                                                                                                     otherwise,
                                                                                                                                     any
                                                                                                                                     business
                                                                                                                                     in
                                                                                                                                     competition
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company;
                                                                                                                                     (ii) cause
                                                                                                                                     or
                                                                                                                                     attempt
                                                                                                                                     to
                                                                                                                                     cause
                                                                                                                                     any
                                                                                                                                     person
                                                                                                                                     who
                                                                                                                                     is,
                                                                                                                                     or
                                                                                                                                     was
                                                                                                                                     at
                                                                                                                                     any
                                                                                                                                     time
                                                                                                                                     during
                                                                                                                                     the
                                                                                                                                     six
                                                                                                                                     months
                                                                                                                                     immediately
                                                                                                                                     preceding
                                                                                                                                     the
                                                                                                                                     time
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     solicitation
                                                                                                                                     or
                                                                                                                                     hiring
                                                                                                                                     of
                                                                                                                                     Employee,
                                                                                                                                     an
                                                                                                                                     employee
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     to
                                                                                                                                     leave
                                                                                                                                     the
                                                                                                                                     employment
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company;
                                                                                                                                     or
                                                                                                                                     (iii) solicit,
                                                                                                                                     divert
                                                                                                                                     or
                                                                                                                                     take
                                                                                                                                     away,
                                                                                                                                     or
                                                                                                                                     attempt
                                                                                                                                     to
                                                                                                                                     take
                                                                                                                                     away,
                                                                                                                                     the
                                                                                                                                     business
                                                                                                                                     or
                                                                                                                                     patronage
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     client,
                                                                                                                                     customer
                                                                                                                                     or
                                                                                                                                     account,
                                                                                                                                     or
                                                                                                                                     prospective
                                                                                                                                     client,
                                                                                                                                     customer
                                                                                                                                     or
                                                                                                                                     account,
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company.



		b.	For
                                                                                                                                     purposes
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Section
                                                                                                                                     7,
                                                                                                                                     a
                                                                                                                                     business
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     deemed
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     in
                                                                                                                                     competition
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     if
                                                                                                                                     it
                                                                                                                                     is
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     business
                                                                                                                                     of
                                                                                                                                     providing
                                                                                                                                     services
                                                                                                                                     to
                                                                                                                                     oil
                                                                                                                                     and/or
                                                                                                                                     gas
                                                                                                                                     production
                                                                                                                                     companies.



		c.	Employee
                                                                                                                                     acknowledges
                                                                                                                                     that
                                                                                                                                     this
                                                                                                                                     Section
                                                                                                                                     7
                                                                                                                                     survives
                                                                                                                                     the
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     Employee’s
                                                                                                                                     employment
                                                                                                                                     and
                                                                                                                                     is
                                                                                                                                     enforceable
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     at
                                                                                                                                     any
                                                                                                                                     time,
                                                                                                                                     regardless
                                                                                                                                     of
                                                                                                                                     whether
                                                                                                                                     the
                                                                                                                                     Employee
                                                                                                                                     continues
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     employed
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company.



		d.	Employee
                                                                                                                                     and
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     agree
                                                                                                                                     that
                                                                                                                                     this
                                                                                                                                     covenant
                                                                                                                                     not
                                                                                                                                     to
                                                                                                                                     compete
                                                                                                                                     is
                                                                                                                                     a
                                                                                                                                     reasonable
                                                                                                                                     covenant
                                                                                                                                     under
                                                                                                                                     the
                                                                                                                                     circumstances
                                                                                                                                     with
                                                                                                                                     respect
                                                                                                                                     to
                                                                                                                                     both
                                                                                                                                     scope
                                                                                                                                     and
                                                                                                                                     duration,
                                                                                                                                     and
                                                                                                                                     further
                                                                                                                                     agree
                                                                                                                                     that
                                                                                                                                     if
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     opinion
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     court
                                                                                                                                     of
                                                                                                                                     competent
                                                                                                                                     jurisdiction
                                                                                                                                     such
                                                                                                                                     restraint
                                                                                                                                     is
                                                                                                                                     not
                                                                                                                                     reasonable
                                                                                                                                     in
                                                                                                                                     any
                                                                                                                                     respect,
                                                                                                                                     such
                                                                                                                                     court
                                                                                                                                     will
                                                                                                                                     have
                                                                                                                                     the
                                                                                                                                     right,
                                                                                                                                     power
                                                                                                                                     and
                                                                                                                                     authority
                                                                                                                                     to
                                                                                                                                     excise
                                                                                                                                     or
                                                                                                                                     modify
                                                                                                                                     such
                                                                                                                                     provision
                                                                                                                                     or
                                                                                                                                     provisions
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     covenant
                                                                                                                                     as
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     court
                                                                                                                                     will
                                                                                                                                     appear
                                                                                                                                     not
                                                                                                                                     reasonable
                                                                                                                                     and
                                                                                                                                     to
                                                                                                                                     enforce
                                                                                                                                     the
                                                                                                                                     remainder
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     covenant
                                                                                                                                     as
                                                                                                                                     so
                                                                                                                                     amended.



		e.	Employee
                                                                                                                                     agrees
                                                                                                                                     that
                                                                                                                                     any
                                                                                                                                     breach
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     covenants
                                                                                                                                     contained
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     Section
                                                                                                                                     7
                                                                                                                                     would
                                                                                                                                     irreparably
                                                                                                                                     injure
                                                                                                                                     the
                                                                                                                                     Company.
                                                                                                                                     Accordingly,
                                                                                                                                     Employee
                                                                                                                                     agrees
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     may,
                                                                                                                                     in
                                                                                                                                     addition
                                                                                                                                     to
                                                                                                                                     pursuing
                                                                                                                                     any
                                                                                                                                     other
                                                                                                                                     remedies
                                                                                                                                     it
                                                                                                                                     may
                                                                                                                                     have
                                                                                                                                     in
                                                                                                                                     equity,
                                                                                                                                     obtain
                                                                                                                                     an
                                                                                                                                     injunction
                                                                                                                                     against
                                                                                                                                     Employee
                                                                                                                                     from
                                                                                                                                     any
                                                                                                                                     court
                                                                                                                                     having
                                                                                                                                     jurisdiction
                                                                                                                                     over
                                                                                                                                     the
                                                                                                                                     matter
                                                                                                                                     restraining
                                                                                                                                     any
                                                                                                                                     further
                                                                                                                                     violation
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     by
                                                                                                                                     Employee
                                                                                                                                     and
                                                                                                                                     cease
                                                                                                                                     making
                                                                                                                                     any
                                                                                                                                     payments
                                                                                                                                     otherwise
                                                                                                                                     required
                                                                                                                                     by
                                                                                                                                     this
                                                                                                                                     Agreement.



		8.	Ownership
                                                                                                                                 of
                                                                                                                                 Intellectual
                                                                                                                                 Property.
                                                                                                                                 Employee
                                                                                                                                 acknowledges
                                                                                                                                 and
                                                                                                                                 agrees
                                                                                                                                 that
                                                                                                                                 all
                                                                                                                                 intellectual
                                                                                                                                 property
                                                                                                                                 created,
                                                                                                                                 acquired,
                                                                                                                                 adapted,
                                                                                                                                 modified
                                                                                                                                 or
                                                                                                                                 improved,
                                                                                                                                 in
                                                                                                                                 whole
                                                                                                                                 or
                                                                                                                                 in
                                                                                                                                 part,
                                                                                                                                 by
                                                                                                                                 or
                                                                                                                                 through
                                                                                                                                 the
                                                                                                                                 efforts
                                                                                                                                 of
                                                                                                                                 Employee
                                                                                                                                 during
                                                                                                                                 the
                                                                                                                                 course
                                                                                                                                 of
                                                                                                                                 his
                                                                                                                                 employment
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company,
                                                                                                                                 including
                                                                                                                                 without
                                                                                                                                 limitation
                                                                                                                                 all
                                                                                                                                 copyrights,
                                                                                                                                 patents,
                                                                                                                                 trademarks,
                                                                                                                                 service
                                                                                                                                 marks,
                                                                                                                                 trade
                                                                                                                                 secrets,
                                                                                                                                 know-how
                                                                                                                                 or
                                                                                                                                 other
                                                                                                                                 work
                                                                                                                                 product
                                                                                                                                 in
                                                                                                                                 any
                                                                                                                                 way
                                                                                                                                 related
                                                                                                                                 to
                                                                                                                                 the
                                                                                                                                 Company’s
                                                                                                                                 operations
                                                                                                                                 and
                                                                                                                                 activities,
                                                                                                                                 are
                                                                                                                                 works
                                                                                                                                 for
                                                                                                                                 hire
                                                                                                                                 and
                                                                                                                                 are
                                                                                                                                 owned
                                                                                                                                 exclusively
                                                                                                                                 by
                                                                                                                                 the
                                                                                                                                 Company,
                                                                                                                                 and
                                                                                                                                 Employee
                                                                                                                                 hereby
                                                                                                                                 disclaims
                                                                                                                                 any
                                                                                                                                 right
                                                                                                                                 or
                                                                                                                                 interest
                                                                                                                                 in
                                                                                                                                 or
                                                                                                                                 to
                                                                                                                                 any
                                                                                                                                 such
                                                                                                                                 intellectual
                                                                                                                                 property.



5


 


 


 



    	 



    	 



    

 





		9.	Miscellaneous.
                                                                                                                                 



		a.	All
                                                                                                                                     notices
                                                                                                                                     and
                                                                                                                                     other
                                                                                                                                     communications
                                                                                                                                     required
                                                                                                                                     or
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     given
                                                                                                                                     under
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     in
                                                                                                                                     writing
                                                                                                                                     and
                                                                                                                                     given
                                                                                                                                     either
                                                                                                                                     (i) by
                                                                                                                                     personal
                                                                                                                                     delivery
                                                                                                                                     against
                                                                                                                                     a
                                                                                                                                     receipted
                                                                                                                                     copy,
                                                                                                                                     (ii) by
                                                                                                                                     certified
                                                                                                                                     or
                                                                                                                                     registered
                                                                                                                                     United
                                                                                                                                     States
                                                                                                                                     mail,
                                                                                                                                     return
                                                                                                                                     receipt
                                                                                                                                     requested,
                                                                                                                                     postage
                                                                                                                                     prepaid,
                                                                                                                                     (iii)
                                                                                                                                     by
                                                                                                                                     facsimile,
                                                                                                                                     or
                                                                                                                                     (iv) by
                                                                                                                                     attachment
                                                                                                                                     to
                                                                                                                                     electronic
                                                                                                                                     mail
                                                                                                                                     in
                                                                                                                                     PDF
                                                                                                                                     or
                                                                                                                                     similar
                                                                                                                                     file
                                                                                                                                     format,
                                                                                                                                     at
                                                                                                                                     the
                                                                                                                                     addresses
                                                                                                                                     and
                                                                                                                                     numbers
                                                                                                                                     set
                                                                                                                                     forth
                                                                                                                                     on
                                                                                                                                     the
                                                                                                                                     signature
                                                                                                                                     page
                                                                                                                                     hereto
                                                                                                                                     or
                                                                                                                                     such
                                                                                                                                     other
                                                                                                                                     addresses
                                                                                                                                     and
                                                                                                                                     numbers
                                                                                                                                     as
                                                                                                                                     a
                                                                                                                                     party
                                                                                                                                     hereto
                                                                                                                                     may
                                                                                                                                     provide
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     a.
                                                                                                                                     Notice
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     deemed
                                                                                                                                     delivered
                                                                                                                                     when
                                                                                                                                     received
                                                                                                                                     if
                                                                                                                                     by
                                                                                                                                     personal
                                                                                                                                     delivery;
                                                                                                                                     three
                                                                                                                                     days
                                                                                                                                     after
                                                                                                                                     placement
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     United
                                                                                                                                     States
                                                                                                                                     Postal
                                                                                                                                     Service
                                                                                                                                     if
                                                                                                                                     mailed;
                                                                                                                                     upon
                                                                                                                                     receipt
                                                                                                                                     of
                                                                                                                                     a
                                                                                                                                     confirmation
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     transmission
                                                                                                                                     has
                                                                                                                                     been
                                                                                                                                     successfully
                                                                                                                                     sent
                                                                                                                                     if
                                                                                                                                     by
                                                                                                                                     facsimile;
                                                                                                                                     and
                                                                                                                                     when
                                                                                                                                     sent
                                                                                                                                     if
                                                                                                                                     sent
                                                                                                                                     by
                                                                                                                                     electronic
                                                                                                                                     mail.



		b.	This
                                                                                                                                     Agreement,
                                                                                                                                     along
                                                                                                                                     with
                                                                                                                                     any
                                                                                                                                     amendments
                                                                                                                                     from
                                                                                                                                     time
                                                                                                                                     to
                                                                                                                                     time
                                                                                                                                     made
                                                                                                                                     hereto,
                                                                                                                                     constitutes
                                                                                                                                     the
                                                                                                                                     full,
                                                                                                                                     entire
                                                                                                                                     and
                                                                                                                                     integrated
                                                                                                                                     agreement
                                                                                                                                     between
                                                                                                                                     the
                                                                                                                                     parties
                                                                                                                                     hereto
                                                                                                                                     with
                                                                                                                                     respect
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     subject
                                                                                                                                     matter
                                                                                                                                     hereof.



		c.	This
                                                                                                                                     contract
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     binding
                                                                                                                                     upon
                                                                                                                                     and
                                                                                                                                     inure
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     benefit
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     heirs
                                                                                                                                     and
                                                                                                                                     representatives
                                                                                                                                     of
                                                                                                                                     Employee
                                                                                                                                     and
                                                                                                                                     the
                                                                                                                                     assigns
                                                                                                                                     and
                                                                                                                                     successors
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company,
                                                                                                                                     but
                                                                                                                                     neither
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     nor
                                                                                                                                     any
                                                                                                                                     rights
                                                                                                                                     or
                                                                                                                                     obligations
                                                                                                                                     hereunder
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     assignable
                                                                                                                                     by
                                                                                                                                     Employee
                                                                                                                                     (except
                                                                                                                                     by
                                                                                                                                     will
                                                                                                                                     or
                                                                                                                                     by
                                                                                                                                     operation
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     laws
                                                                                                                                     of
                                                                                                                                     intestate
                                                                                                                                     succession)
                                                                                                                                     or
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company,
                                                                                                                                     except
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     may
                                                                                                                                     assign
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     to
                                                                                                                                     any
                                                                                                                                     successor
                                                                                                                                     (whether
                                                                                                                                     by
                                                                                                                                     merger,
                                                                                                                                     purchase
                                                                                                                                     or
                                                                                                                                     otherwise)
                                                                                                                                     to
                                                                                                                                     all
                                                                                                                                     or
                                                                                                                                     substantially
                                                                                                                                     all
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     stock,
                                                                                                                                     assets
                                                                                                                                     or
                                                                                                                                     businesses
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company,
                                                                                                                                     if
                                                                                                                                     such
                                                                                                                                     successor
                                                                                                                                     expressly
                                                                                                                                     agrees
                                                                                                                                     to
                                                                                                                                     assume
                                                                                                                                     the
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     Company
                                                                                                                                     hereunder.



		d.	Whenever
                                                                                                                                     possible,
                                                                                                                                     each
                                                                                                                                     provision
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     interpreted
                                                                                                                                     in
                                                                                                                                     such
                                                                                                                                     manner
                                                                                                                                     as
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     effective
                                                                                                                                     and
                                                                                                                                     valid
                                                                                                                                     under
                                                                                                                                     applicable
                                                                                                                                     law,
                                                                                                                                     but
                                                                                                                                     if
                                                                                                                                     any
                                                                                                                                     clause
                                                                                                                                     or
                                                                                                                                     provision
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     is
                                                                                                                                     held
                                                                                                                                     illegal,
                                                                                                                                     invalid
                                                                                                                                     or
                                                                                                                                     unenforceable
                                                                                                                                     then
                                                                                                                                     it
                                                                                                                                     is
                                                                                                                                     the
                                                                                                                                     intention
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     parties
                                                                                                                                     hereto
                                                                                                                                     that
                                                                                                                                     the
                                                                                                                                     remainder
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     not
                                                                                                                                     be
                                                                                                                                     affected
                                                                                                                                     thereby.
                                                                                                                                     It
                                                                                                                                     is
                                                                                                                                     also
                                                                                                                                     the
                                                                                                                                     intention
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     parties
                                                                                                                                     to
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     that
                                                                                                                                     in
                                                                                                                                     lieu
                                                                                                                                     of
                                                                                                                                     each
                                                                                                                                     clause
                                                                                                                                     or
                                                                                                                                     provision
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     that
                                                                                                                                     is
                                                                                                                                     illegal,
                                                                                                                                     invalid
                                                                                                                                     or
                                                                                                                                     unenforceable,
                                                                                                                                     there
                                                                                                                                     be
                                                                                                                                     added,
                                                                                                                                     as
                                                                                                                                     a
                                                                                                                                     part
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement,
                                                                                                                                     a
                                                                                                                                     clause
                                                                                                                                     or
                                                                                                                                     provision
                                                                                                                                     as
                                                                                                                                     similar
                                                                                                                                     in
                                                                                                                                     terms
                                                                                                                                     to
                                                                                                                                     such
                                                                                                                                     illegal,
                                                                                                                                     invalid
                                                                                                                                     or
                                                                                                                                     unenforceable
                                                                                                                                     clause
                                                                                                                                     or
                                                                                                                                     provision
                                                                                                                                     as
                                                                                                                                     may
                                                                                                                                     be
                                                                                                                                     legal,
                                                                                                                                     valid
                                                                                                                                     and
                                                                                                                                     enforceable.



		e.	The
                                                                                                                                     respective
                                                                                                                                     rights
                                                                                                                                     and
                                                                                                                                     obligations
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     parties
                                                                                                                                     hereunder
                                                                                                                                     will
                                                                                                                                     survive
                                                                                                                                     any
                                                                                                                                     termination
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     extent
                                                                                                                                     necessary
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     intended
                                                                                                                                     preservation
                                                                                                                                     of
                                                                                                                                     such
                                                                                                                                     rights
                                                                                                                                     and
                                                                                                                                     obligations.
                                                                                                                                     The
                                                                                                                                     provisions
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     subsection
                                                                                                                                     e.
                                                                                                                                     are
                                                                                                                                     in
                                                                                                                                     addition
                                                                                                                                     to
                                                                                                                                     the
                                                                                                                                     survivorship
                                                                                                                                     provisions
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     other
                                                                                                                                     section
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement.



		f.	No
                                                                                                                                     provision
                                                                                                                                     of
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     may
                                                                                                                                     be
                                                                                                                                     amended,
                                                                                                                                     waived
                                                                                                                                     or
                                                                                                                                     otherwise
                                                                                                                                     modified
                                                                                                                                     without
                                                                                                                                     the
                                                                                                                                     prior
                                                                                                                                     written
                                                                                                                                     consent
                                                                                                                                     of
                                                                                                                                     all
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     parties
                                                                                                                                     hereto.



6


 


 






    	 



    	 



    

 


 


		g.	The
                                                                                                                                     waiver
                                                                                                                                     by
                                                                                                                                     any
                                                                                                                                     party
                                                                                                                                     hereto
                                                                                                                                     of
                                                                                                                                     a
                                                                                                                                     breach
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     provision
                                                                                                                                     or
                                                                                                                                     condition
                                                                                                                                     contained
                                                                                                                                     in
                                                                                                                                     this
                                                                                                                                     Agreement
                                                                                                                                     will
                                                                                                                                     not
                                                                                                                                     operate
                                                                                                                                     or
                                                                                                                                     be
                                                                                                                                     construed
                                                                                                                                     as
                                                                                                                                     a
                                                                                                                                     waiver
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     subsequent
                                                                                                                                     breach
                                                                                                                                     or
                                                                                                                                     of
                                                                                                                                     any
                                                                                                                                     other
                                                                                                                                     conditions
                                                                                                                                     hereof.



		h.	This
                                                                                                                                     Agreement
                                                                                                                                     may
                                                                                                                                     be
                                                                                                                                     executed
                                                                                                                                     in
                                                                                                                                     any
                                                                                                                                     number
                                                                                                                                     of
                                                                                                                                     counterparts,
                                                                                                                                     each
                                                                                                                                     of
                                                                                                                                     which
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     deemed
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     an
                                                                                                                                     original
                                                                                                                                     and
                                                                                                                                     all
                                                                                                                                     of
                                                                                                                                     which
                                                                                                                                     together
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     deemed
                                                                                                                                     to
                                                                                                                                     be
                                                                                                                                     one
                                                                                                                                     and
                                                                                                                                     the
                                                                                                                                     same
                                                                                                                                     instrument.



		i.	This
                                                                                                                                     Agreement
                                                                                                                                     is
                                                                                                                                     effective
                                                                                                                                     on
                                                                                                                                     the
                                                                                                                                     later
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     dates
                                                                                                                                     that
                                                                                                                                     it
                                                                                                                                     is
                                                                                                                                     signed
                                                                                                                                     as
                                                                                                                                     indicated
                                                                                                                                     below,
                                                                                                                                     or
                                                                                                                                     the
                                                                                                                                     date
                                                                                                                                     that
                                                                                                                                     it
                                                                                                                                     is
                                                                                                                                     approved
                                                                                                                                     by
                                                                                                                                     the
                                                                                                                                     Company’s
                                                                                                                                     Board
                                                                                                                                     of
                                                                                                                                     Directors.



		j.	This
                                                                                                                                     Agreement
                                                                                                                                     was
                                                                                                                                     made
                                                                                                                                     in
                                                                                                                                     the
                                                                                                                                     state
                                                                                                                                     of
                                                                                                                                     Colorado,
                                                                                                                                     and
                                                                                                                                     will
                                                                                                                                     be
                                                                                                                                     governed
                                                                                                                                     by,
                                                                                                                                     construed,
                                                                                                                                     interpreted
                                                                                                                                     and
                                                                                                                                     enforced
                                                                                                                                     in
                                                                                                                                     accordance
                                                                                                                                     with
                                                                                                                                     the
                                                                                                                                     laws
                                                                                                                                     of
                                                                                                                                     the
                                                                                                                                     state
                                                                                                                                     of
                                                                                                                                     Colorado.



7


 


 




    	 



    	 



    

 


Signature
Page 

to Employment Agreement


The
parties hereto have executed or caused to be executed this Employment Agreement effective as of the date first above written.


 


		Company:
	 	 
	 	Enservco Corporation
	May __, 2012	 
	 	By: /s/ Rick D. Kasch
		Rick D. Kasch, President
	 	 
	 	 
		Employee:
	 	 
	May __, 2012	 
	 	/s/ Austin Peitz
	 	Austin Peitz