Exhibit 10.1**EXECUTIVE EMPLOYMENT AGREEMENT**     **THIS EXECUTIVE EMPLOYMENT AGREEMENT**(this “Agreement”) is made to be effective as of the1st day of April, 2006 (the “Commencement Date”), by and between American Eagle Services, Inc., aTexas corporation, (including all affiliates and subsidiaries hereinafter called the “Company”),TBX Resources, Inc., a Texas corporation (“TBX”) and Dick O’Donnell (hereinafter called the“Executive”).**W I T N E S E T H.**     **WHEREAS**, the Executive desires to enter into an executive employment relationship withthe Company; and.     **WHEREAS**, both the Company and Executive have read and understood the terms and provisions setforth in this Agreement and have been afforded a reasonable opportunity to review this Agreementwith their respective advisors;     **NOW, THEREFORE**, in consideration of the mutual promises of each, and other good and valuableconsideration, the parties hereby covenant and agree as follows:     1. SERVICES AND DUTIES     (a) Positions**.**The Executive shall serve as the Vice President of Operations ofthe Company, act as a Principal for the Company’s subsidiary Broker-Dealer, Euro AmericaCapital Corporation and act as Vice President-Investor Relations for TBX. The Executiveshall report to the President and Board of Directors of the Company and shall perform allduties consistent with this position and such duties generally consistent therewith, as suchduties shall be prescribed and/or amended from time to time by the President.     (b) Devotion of Time**.**As of the Commencement Date (as defined above), theExecutive shall devote his full time and attention to the Company and TBX. However, it isunderstood that the Executive has certain other business activities in which he is free toengage, conditioned that such other business activities are disclosed to the Company, do notinterfere with the accomplishment of his duties, and are not directly competitive so as to becorporate opportunities of the Company.     (c) No Joint Venture. The provisions of this Agreement, and especially thecompensation provisions, are not intended to create any relationship between the Partiesother than that of employer and employee contracting with each other solely for the purposeof effecting the provisions of this Agreement, and this Agreement shall not be construed ascreating a partnership or joint venture between the parties.     2. TERM     This Agreement shall begin on the Commencement Date and end on the one (1) year anniversaryafter the Commencement Date (the “Original Term”). Thereafter, this Agreement shall automaticallyrenew for successive one (1) year terms unless otherwise terminated as provided herein.     3. COMPENSATION AND RELATED MATTERS     (a) Base Salary. From and after the Commencement Date, the Executive shallreceive an initial base salary (the “Base Salary”) paid by American Eagle Services, Inc. of$10,000 per month, payable bi-monthly.     (b) Shares. The Executive will be entitled to issuance of certain common stockof TBX. Upon execution of this Agreement, 100,000 shares of TBX common stock will be issuedto Executive. At the beginning of each calendar quarter of employment, for a period of threeyears, the Executive will be awarded an option to purchase 25,000 shares of TBX common stockat an exercise price equal to the ending bid price of the last market day prior to the dateof the option award. The option exercise period for each option will be one year from itsdate
 

 
of issuance, at which time the option will expire. In the event of a change inownership, all unexercised options will be accelerated to the current monthly period. Thecommon stock issued to Executive will bear the following legend:These shares are not registered under the Securities Act of 1933.No sale or transfer of these shares may be accomplished withoutthe shares being registered or exempt from registration. If anexemption is claimed, shareholder must supply the Company with awritten legal opinion stating the basis for any claimed exemptionand said opinion will be subject to approval by the Company andits legal counsel. The shares of stock herein will not be deemedearned or vested in the named shareholder unless the shareholderis still an employee of the Company, one year from the date ofissue hereof. Should shareholder’s employment terminate, for anyreason, prior to the date specified, then this Certificate willbe automatically canceled by the Company.     (c) Expenses. During his employment hereunder, the Executive shall be entitledto receive prompt reimbursement for all reasonable business and entertainment expensesincurred by him in performing services hereunder, provided that the Executive properlyaccounts therefor to the Company.     (d) Other Benefits. The Executive shall be entitled to participate in otherbenefit plans to which he is eligible pursuant to Company policy, which may be amended fromtime to time in the Company’s discretion, and the applicable plan documents (the “StandardBenefit Plans”).     (e) Vacations. The Executive shall be entitled to reasonable vacationconsistent with his position and the Company’s vacation policy.     4. TERMINATION     The Executive’s employment hereunder is “at will” and may be terminated by the Company or theExecutive, under the following circumstances:     (a) Mutual Agreement. Termination by mutual written agreement between theExecutive and the Company.     (b) Death. Employment shall terminate upon the death of the Executive.     (c) Disability. Termination will result if the Executive is unable to performhis duties on a full-time basis because of Executive’s inability to perform his duties underthis Agreement, with or without reasonable accommodation, for a period of more than ten (10)days (“Disability”).     (d) Termination of the Executive’s employment for “Cause.” For purposes of thisAgreement, the Company shall have “Cause” to terminate the Executive’s employment hereunderonly upon:     (i) the failure by the Executive to substantially perform his duties asoutlined hereunder or to follow the reasonable directions of the Board after demandfor substantial performance is delivered by the Board;     (ii) the engaging by the Executive in conduct that is materially injurious to theCompany, monetarily or otherwise;     (iii) the engaging by the Executive in criminal conduct or conduct constitutingmoral turpitude;
 

 
               (iv) the engaging by the Executive in employment practices which violate federal,state or local law.               (v) The engaging in conduct by the Executive which results in an action againsthim by the Securities and Exchange Commission or any similar state regulatory agencyor loss of his ability to act as a Principal/licensed representative of an NASDlicensed broker-dealer.          (e) Termination Without Cause. Notwithstanding any provisions of thisAgreement to the contrary, the Company may terminate the Executive’s employment for anyreason other than those specified in the foregoing paragraphs (a), (b), (c) or (d) (or for noreason) at any time effective upon delivery of ten (10) days written notice by the Board.          (f) Voluntary Resignation. The Executive may terminate this Agreement(“Voluntary Resignation”) at any time effective upon thirty (30) days written notice to theBoard.     5. COMPENSATION AND PAYMENTS UPON TERMINATION     The Executive shall be entitled to the following compensation from the Company (in lieu of allother sums payable to the Executive hereunder) upon the termination of Executive’s employment.          (a) Mutual Agreement**.**If the Executive’s employment is terminated as a resultof mutual agreement, the Company shall pay the Executive’s Base Salary, plus theaccrued Net Profits Interest to date of termination, plus a lump sum payment for thevalue of all accrued, earned and unused benefits under the Standard Benefit Plans through thedate of termination, and the Executive will be entitled to receive any vested pension andretirement benefits (for all purposes of this Agreement, all such accrued, earned and unpaiditems through the applicable date of termination are referred to as the “Earned Amounts”).          (b) Death. If the Executive’s employment is terminated as a result of death,the Company will pay to the Executive’s estate the Earned Amounts.          (c) Disability. If the Executive’s employment is terminated as a result ofDisability (as defined in Section 4(c) above), the Executive will be provided long termdisability benefits to which he may be eligible (if any) in accordance with the Company’sthen existing Standard Benefit Plans, and the Company shall pay to the Executive the EarnedAmounts.          (d) Termination “Without Cause,” or by the Executive. If the Executive’semployment is terminated Without Cause, or in the event the Executive voluntarily elects toterminate this Agreement, the Company shall pay the Executive the Earned Amounts and theCompany shall have no further obligation to the Executive.          (e) Termination for Cause. If the Executive’s employment is terminated forCause, the Company shall pay the Executive the Earned Amounts except for the accrued NetProfits Interest and the Company shall have no further obligation to the Executive.     6. NON-DISCLOSURE          (a) Confidential Information. By virtue of his employment with the Company, theExecutive will have access to confidential, proprietary, and highly sensitive informationrelating to the business of the Company and which is a valuable, competitive and unique assetof the Company (“Confidential Information”), the confidentiality of which is essential to theCompany’s ability to differentiate its products and services. Such Confidential Informationincludes all information which relates to the business of the Company, which is or has beendisclosed to the Executive orally or in writing by the Company or obtained by virtue of workperformed for the Company, is or was developed by the Company, and is not generally availableto or known by individuals or entities within the industry in which the Company is or maybecome engaged or readily accessible by independent investigation. The ConfidentialInformation sought to be protected includes, without limitation, information pertaining to:(i) the identities of customers and clients with which or whom the Company does or seeks todo
 

 
business, as well as the point of contact persons and decision-makers at these customersand clients, including their names, addresses, e-mail addresses and positions; (ii) the pastor present purchasing history and the past and/or current job requirements of each pastand/or existing customer and client; (iii) the volume of business and the nature of thebusiness relationship between the Company and its customers and clients; (iv) the pricing ofthe Company’s services, including any deviations from its standard pricing for particularcustomers and clients; (v) the Company’s business plans and strategy, including customer orclient assignments and rearrangements, sales and administrative staff expansions, marketingand sales plans and strategy, proposed adjustments in compensation of sales personnel,revenue, expense and profit projections, industry analyses, and any proposed or actualimplemented technology changes; (vi) information regarding the Company’s employees, includingtheir identities, skills, talents, knowledge, experience, and compensation; (vii) theCompany’s financial results and business condition; and (viii) computer programs and softwaredeveloped by the Company and tailored to the Company’s needs by its employees, independentcontractors, consultants or vendors; (ix) information relating to the Company’s architects,designers, contractors, or persons likely to become architects, designers, or contractors;(x) any past or present merchandise or supply sources in the future; (xi) technical andnon-technical information including patent, copyright, trade secret, proprietary information,methods, ideas, concepts, designs, inventions, know-how, processes, software programs,software source documents and formulae related to the current, future and proposed productsand services of the Company including research, experimental work, development, designdetails and specifications and engineering, financial statements, forecasts, plans (whetherbusiness, strategic, marketing or other), client lists, prospective client lists, sales data,sales analysis, equipment and other assets, prices, costs, sources of supplies, pricingmethods, personnel, marketing research, and business relationships, whether or not marked“Confidential” or “Proprietary”. Confidential Information may be contained on the Company’scomputer network, in computerized documents or files, or in any written or printed documents,including any written reports summarizing such information.          (b) Non-Disclosure of Confidential Information. The Executive acknowledges thatthe Company’s Confidential Information will be disclosed to the Executive throughout hisemployment at the Company in order to enable the Executive to perform his duties for theCompany. The Executive further acknowledges that, prior to his employment at the Company,Executive was either unfamiliar with the Company’s Confidential Information or Executivedeveloped such Confidential Information for the benefit of the Company and was otherwisecompensated for such services outside of the terms of this Agreement. Finally, Executiveacknowledges that the unauthorized disclosure of Confidential Information could place theCompany at a competitive disadvantage. Consequently, Executive agrees (i) not to use,publish, disclose or divulge, directly or indirectly, at any time, any ConfidentialInformation for his own benefit and for the benefit of any person, entity, or corporationother than the Company, to any person who is not a current employee of the Company, withoutthe express, written consent of the Company and except in the performance of the dutiesassigned to him by the Company; (ii) not to make copies of Confidential Information withoutthe prior written consent of the Company; (iii) to take reasonable precautions to protectagainst the inadvertent disclosure of such Confidential Information or theft ormisappropriation by others; and (iv) not to use such Confidential Information except inconnection with the specific duties of the Executive in connection with his employment.          (c) Notwithstanding the foregoing, the confidentiality and nondisclosure provisionscontained herein with respect to any portion of the Confidential Information shall terminatewhen the Executive can document that the Confidential Information:               (i) was in the public domain at the same time it was communicated to theExecutive by the Company;               (ii) entered the public domain subsequent to the time it was communicated to theExecutive by the Company through no fault of the Executive;               (iii) was in the Executive’s possession free of any obligation of confidence atthe time it was communicated to the Executive by the Company;
 

 
               (iv) was rightfully communicated to the Executive free of any obligation ofconfidence subsequent to the time it was communicated to the Executive by the Company;               (v) was developed by the Executive independently of and without any reference toany information communicated to the Executive by the Company; or               (vi) was communicated in response to a valid subpoena or order by a court or by agovernmental body, provided that the Executive complies with the provisions of Section6(e) below.          (d) Survival of Executive’s Obligations. Executive understands and agreesthat his obligations under this Section shall survive the termination of this Agreementand/or his employment with the Company. Executive further understands and agrees that hisobligations under this Section are in addition to, and not in limitation or preemption of,all other obligations of confidentiality which he may have to the Company under general legalor equitable principles, or other policies implemented by the Company.          (e) Certain Disclosures. In the event that the Executive receives a request todisclose all or any part of the Confidential Information under the terms of a subpoena ororder issued by a court or by a governmental body, the Executive agrees (i) to notify theCompany immediately of the existence, terms, and circumstances surrounding such request, (ii)to consult with the Executive on the advisability of taking legal available steps to resistor narrow such request, and (iii) if disclosure of such Confidential Information is requiredto prevent the Executive from being held in contempt or subject to other penalty, to furnishonly such portion of the Confidential Information as, in the opinion of counsel to theExecutive, it is legally compelled to disclose and to exercise its best efforts to obtain anorder or other reliable assurance that confidential treatment will be accorded to thedisclosed Confidential Information.     7. RETURN OF COMPANY PROPERTY     Executive acknowledges that all memoranda, notes, correspondence, databases, computer discs,computer files, computer equipment and/or accessories, pagers, telephones, passwords or pass codes,records, reports, manuals, books, papers, letters, CD Roms, keys, Internet database access codes,client profile data, job orders, client and customer lists, contracts, software programs,information and records, drafts of instructions, guides and manuals, and other documentation(whether in draft or final form), and other sales, financial or technological information relatingto the Company’s business, and any and all other documents containing Confidential Informationfurnished to Executive by any representative of the Company or otherwise acquired or developed byhim in connection with his association with the Company (collectively, “Recipient Materials”) shallat all times be the property of the Company. Within twenty-four (24) hours of the termination ofhis employment for any reason, Executive will return to the Company any Recipient Materials whichare in his possession, custody or control.     8. NON-SOLICITATION OF CUSTOMERS/CLIENTS          (a) Access to Confidential Information. Executive acknowledges that the specialrelationship of trust and confidence between him, the Company, and its clients and customerscreates a high risk and opportunity for Executive to misappropriate the relationship andgoodwill existing between the Company and its clients and customers. Executive furtheracknowledges and agrees that it is fair and reasonable for the Company to take steps toprotect itself from the risk of such misappropriation. Executive further acknowledges that,at the outset of his employment with the Company and/or throughout his employment with theCompany, Executive has been or will be provided with access to and informed of the Company’sConfidential Information, which will enable him to benefit from the Company’s goodwill andknow-how.          (b) Inevitable Disclosure. Executive acknowledges that it would be inevitablein the performance of his duties as a director, officer, employee, investor, agent orconsultant of any person, association, entity, or company which competes with the Company, orwhich intends to or may compete with the Company, to disclose and/or use the Company’sConfidential Information, as well as to misappropriate the Company’s goodwill and
 

 
know-how, to or for the benefit of such other person, association, entity, or company.Executive also acknowledges that, in exchange for the execution of the non-solicitationrestriction set forth in this Section 8(b), he has received substantial, valuableconsideration, including the consideration set forth in Sections 3 and 5 above. Executivefurther acknowledges and agrees that this consideration constitutes fair and adequateconsideration for the execution of the non-solicitation restriction set forth in thisSection.          (c) Non-Solicitation of Customers. Ancillary to the enforceable promises setforth in this Agreement including, without limitation, the promises contained in Sections 3,6 and 7, as well as to protect the vital interests described in those Sections, Executiveagrees that, while he is employed by the Company and for a period of twelve (12) monthsfollowing the termination of his employment with the Company, regardless of the reason forsuch termination, Executive will not, without the prior written consent of the Company,directly or indirectly, alone or for his own account, or as owner, partner, investor, member,trustee, officer, director, shareholder, employee, consultant, distributor, advisor,representative or agent of any partnership, joint venture, corporation, trust, or otherbusiness organization or entity, (i) contact, solicit sales of, or sell, deliver or place anyproduct, service or system of the kind and character sold, provided, distributed or placed byExecutive on behalf of the Company to any person, association, corporation or other businessorganization or entity that Executive contacted, solicited, called upon, or served, or thathe directed others to solicit, call upon, or serve, on behalf of the Company, during hisemployment at the Company; or (ii) contact, solicit, or seek to divert the business orpatronage of any person, association, corporation, or other business organization or entitywith whom or which Executive had business relations on behalf of the Company or with whom orwhich he met or communicated, or with whom or which he directed others to meet orcommunicate, for the purpose of offering to sell or place or solicit for sale or placementany product, service, or system of the kind and character sold, provided or distributed byhim, on behalf of the Company, during his employment at the Company.          (d) Reasonable Restrictions. Executive agrees that the restriction set forthabove is ancillary to an otherwise enforceable agreement, is supported by independentvaluable consideration, and that the limitations as to time, geographical area, and scope ofactivity to be restrained by this Section are reasonable and acceptable, and do not imposeany greater restraint than is reasonably necessary to protect the goodwill and other businessinterests of the Company. Executive agrees that if, at some later date, a court of competentjurisdiction determines that the non-solicitation agreement set forth in this Section doesnot meet the criteria set forth in Tex. Bus. & Comm. Code Ann. 15.50(2), this Section may bereformed by the court and enforced to the maximum extent permitted under Texas law.          (e) Breach. If Executive is found to have violated any of the provisions ofthis Section, Executive agrees that the restrictive period of each covenant so violated shallbe extended by a period of time equal to the period of such violation by him. Executiveunderstands that his obligations under this Section shall survive the termination of hisemployment with the Company and shall not be assignable by him.     9. NON-SOLICITATION OF EMPLOYEES AND CONSULTANTS     Executive acknowledges that, as part of his employment or association with the Company, hewill become familiar with the salary, pay scale, capabilities, experiences, skill and desires ofthe Company’s employees. In order to protect the confidentiality of such information, Executiveagrees that, for a period of twelve (12) months following the termination of his employment withthe Company, whether such termination occurs at the insistence of Executive or the Company,Executive shall not recruit, hire, solicit, or attempt to recruit, hire or solicit, directly or byassisting others, any other employees or consultants employed by or associated with the Company,nor shall he contact or communicate with any other employees or consultants of the Company for thepurpose of inducing other employees or consultants to terminate their employment or associationwith the Company. For purposes of this covenant, “other employees or consultants” shall refer topermanent employees, temporary employees, or consultants who were employed by, doing business with,or associated with the Company within six (6) months of the time of the attempted recruiting,hiring or solicitation. Executive’s obligations under this Section 9 shall survive the terminationof this Agreement and Executive’s employment with the Company.     10. REMEDIES
 

 
     In the event that Executive violates any of the provisions set forth in Sections 6, 7, 8, or 9of this Agreement, he acknowledges that the Company will suffer immediate and irreparable harmwhich cannot be accurately calculated in monetary damages. Consequently, Executive acknowledgesand agrees that the Company shall be entitled to immediate injunctive relief, either by temporaryor permanent injunction, to prevent such a violation. Executive further acknowledges and agreesthat this injunctive relief shall be in addition to any other legal or equitable relief, includingmonetary damages, to which the Company would be entitled.     11. INVENTIONS**,**IDEAS/PATENTABLE INVENTIONS          (a) Inventions. Any discovery, invention, design, improvement, concept or otherintellectual properties, either patentable or not, made, developed or conceived by theExecutive during the term of the Agreement, and for one year after termination thereof, whichrelate to or are useful in the business or activities in which the Company is or may becomeengaged, and which may or may not also constitute Confidential Information (the“Inventions”), shall be the exclusive property of the Company and its successors.          (b) Disclosure to the Company. The Executive agrees to disclose promptly, inwriting, if so requested, to the Company, any Inventions that the Executive may make, developor conceive during the term of this Agreement by the Company or its successors.          (c) Work for Hire. The Executive agrees that the Inventions shall be deemed“work made for hire” and hereby assigns, and agrees to assign, to the Company all theExecutive’s rights, title and interest in any such Inventions, whether or not during the termof this Agreement such Inventions may be reduced to practice, and to execute all patentapplications, copyright applications, assignments and other documents, and to take all othersteps necessary (but all at the Company’s expense), to vest in the Company the entire right,title and interest in and to those Inventions and in and to any patents or copyrightsobtainable therefor in the United States and in foreign countries.          (d) Obligation to Assign Inventions to the Company. The Executive shall not beobligated to assign to the Company any Invention made by him during the Relationship or aftertermination of this Agreement which does not relate to any business or activity in which theCompany is or may become engaged, except that the Executive is so obligated if the samerelates to or is based on Confidential Information to which the Executive shall have hadaccess during and by virtue of his employment or arises out of work assigned to him by theCompany; nor shall the Executive be obligated to assign any Inventions which relate to orwould be useful in any business or activities in which the Company is engaged if suchInvention was conceived and reduced by practice by the Executive prior to this Agreement withthe Company, provided that all such Inventions are listed on Exhibit A attachedhereto and made known to the Company.     12. SUCCESSORS**;**BINDING AGREEMENT     This Agreement shall be binding upon, and inure to the benefit of, the Company, Executive, andtheir respective successors, assigns, personal and legal representatives, executors,administrators, heirs, distributees, devisees, and legatees, as applicable. Without limiting thegenerality of the foregoing, the Company may assign this Agreement (or the same may remain with theCompany as a subsidiary of a larger institution), without the consent of Executive, with suchassignee being required to perform the obligations of the Company hereunder, to any successor ofthe Company.     13. COMPLETE AGREEMENT     This Agreement sets forth the entire agreement among the Company and Executive concerning thesubject matter hereof, and supersedes all prior written or oral understandings of the parties.     14. NOTICE     For purposes of this Agreement, notices and all other communications provided for in theAgreement shall be in writing and shall be deemed to have been duly given when (i) deliveredpersonally; (ii) sent by telecopy or similar electronic
 

 
device and confirmed; (iii) delivered byovernight express; or (iv) sent by registered or certified mail, postage prepaid, addressed asfollows:         If to the Executive:   Dick O’Donnell      3505 Woodhaven Drive      Dallas, Texas 75234         If to the Company:   American Eagle Services, Inc.      3030 LBJ Freeway, Suite 1310      Dallas, Texas 75234      Attention: Tim Burroughs, CEO         If to TBX :   TBX Resources, Inc.      3030 LBJ Freeway, Suite 1320      Dallas, Texas 75234      Attention: Tim Burroughs, CEOor to such other address as any party may have furnished to the other in writing in accordanceherewith, except that notices of change of address shall be effective only upon receipt.     15. MISCELLANEOUS     No provision of this Agreement may be modified, waived, or discharged unless such waiver,modification, or discharge is agreed to in writing, signed by the Executive and the Company. Nowaiver by either party hereto of, or compliance with, any condition or provision of this Agreementto be performed by such other party shall be deemed a waiver of similar or dissimilar provisions orconditions at the same or at any prior or subsequent time. Either party hereof has made noagreements or representations, oral or otherwise, express or implied, with respect to the subjectmatter, which are not set forth expressly in this Agreement.     16. GOVERNING LAW AND VENUE     This Agreement is being made and is intended to be performed in the State of Texas, and shallbe governed, construed, interpreted, and enforced in accordance with the substantive laws of theState of Texas and venue for any matter in connection with or arising from this Agreement shall bein Dallas County, Texas.     17. ATTORNEY FEES     All legal fees and costs incurred in connection with the resolution of any dispute orcontroversy under or in connection with this Agreement shall be borne by the non-prevailing party.     18. COUNTERPARTS     This Agreement may be executed in several counterparts, each of which shall be deemed to be anoriginal, but all of which together will constitute one and the same agreement.     19. VOLUNTARY AGREEMENT     The parties acknowledge that each has had an opportunity to consult with an attorney or othercounselor concerning the meaning, import, and legal significance of this Agreement, and each hasread this Agreement, as signified by their respective signatures hereto, and each is voluntarilyexecuting the same after, if sought, advice of counsel for the purposes and consideration hereinexpressed.     **IN WITNESS WHEREOF**, the parties have executed this Agreement effective as of the date and yearfirst above written.
 

 
         **COMPANY:**           **AMERICAN EAGLE SERVICES, INC.**           By: /s/ Tim Burroughs           Name: Tim Burroughs    Title: President           **EXECUTIVE:**           /s/ Bernard Dick O’Donnell         Dick O’Donnell           **TBX RESOURCES, INC.**           By: /s/ Tim Burroughs           Name: Tim Burroughs    Title: President