|   | a. | DUTIES.      During the Period of Appointment, Tynon shall be employed by the Company      and serve as its “President and Chief Executive Officer.”  In      such capacities, Tynon will perform such services as are customary for a      president and chief executive officer.  Nothing herein is      intended to restrict the duties of Tynon or limit him from serving in such      other executive officer positions as the Board of Directors deems      appropriate. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | SCOPE.      During the Period of Appointment, and excluding any periods of vacation      and sick leave to which the office of President is entitled, Tynon shall      devote full time and attention to the affairs of the    Company. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | ANNUAL      SALARY. Annual salary shall be set at $132,000.00 per annum payable in      regular installments but in no event less often than    monthly. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | b. | ANNUAL      INCREASES.  Tynon’s annual salary will be increased in an amount      to be determined by the Board of the Company or a Committee of the Board      of the Company, but in no event shall such increases be in an amount less      than ten percent (10%). |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | BONUSES.  Tynon      may participate in any and all bonus plans established by the Board or a      Committee of the Board. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | INCENTIVE      & RETENTION SHARES. |
|--------|----|----------------------------------------|

|   | i. | RETENTION      SHARES.  The Company will issue to Tynon seven-hundred      fifty-thousand (750,000) shares of its common stock contemporaneously with      Tynon entering into this Agreement. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | INCENTIVE      SHARES.  At the end of the initial Period of Appointment and the      end of each subsequent year or, at Tynon’s option, within thirty (30) days      thereafter, the Company will issue to Tynon the number of shares necessary      to provide to Tynon five percent (5%) of the issued and outstanding common      stock of the Company (excluding any shares of common stock issuable to      other executives of the Company as a result of incentive share clauses of      such executives’ employment agreements).  As a result, on      December 31, 2009 and each year thereafter during the Period of      Appointment, subject to the Termination Provision of Section six (6) or,      at Tynon’s option, within 30 days after such year end, the Company will      issue Tynon shares of common stock equal to five percent (5%) of the then      total issued and outstanding common stock of the Company (excluding any      shares of common stock issuable to other executives of the Company as a      result of incentive share clauses of such executives’ employment      agreements). Such shares will be subject to any and all restrictions      appropriate or necessary to comply with state or federal registration      requirements. |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | REGULAR      REIMBURSED BUSINESS EXPENSES. The Company shall promptly reimburse Tynon      for all expenses and disbursements reasonably incurred by Tynon in the      performance of his duties hereunder during the Period of      Appointment. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | BENEFIT      PLANS.  Tynon and his eligible family members shall be entitled      to participate immediately (except for any Company plan which includes or      requires a waiting period, in which event Tynon shall be entitled to      participate as soon as he is eligible under the terms of such plan), on      terms no less favorable to Tynon than the terms offered to other      employees, in any group and/or executive life, hospitalization or      disability insurance plan, health program, vacation policy, pension,      profit sharing, ESOP, 401(k) and similar benefit plans (qualified,      non-qualified and supplemental) or other fringe benefits that may be      offered by the Company as approved by the Board of Directors from time to      time. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | d. | HEALTH      INSURANCE.  The Company shall provide Tynon and his wife, health      insurance for the time periods set forth in Section 6,    below. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | PERQUISITES.      The Company shall provide Tynon at least such perquisites as are commonly      provided to other executives of the Company and are commiserate with his      Appointment. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | GENERAL.  Tynon’s      employment hereunder shall commence on the Effective Date and continue      until the end of the term specified in section two (2) above, except that      the employment of Tynon hereunder shall terminate prior to such time in      accordance with the following: |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | DEATH      OR DISABILITY.  Upon Tynon’s death during the term of his      employment hereunder or, at the option of the Company, in the event of      Tynon’s disability, upon thirty (30) days notice to  Tynon. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | FOR      CAUSE.  For “Cause” immediately upon written notice by the      Company to Tynon.  A termination for Cause shall      mean: |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | the      commission of an intentional act of dishonesty, fraud, misrepresentation,      misappropriation, or embezzlement by Tynon which has a material      detrimental impact on the Company; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Tynon’s      unauthorized use or disclosure of any Confidential Information or trade      secrets of the Company which has a material detrimental impact on the      Company; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | a      significant violation by Tynon of a law or regulation applicable to the      Company’s business, which has a material detrimental impact on the Company      and which the Board of the Company reasonably determines does or is      reasonably likely to cause material injury to the  Company; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | Tynon’s      indictment of, or conviction of, or plea of nolo contendere or      guilty to a felony or any other crime which involves moral      turpitude; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | Tynon’s      continued failure, in the reasonable discretion of the Board, to perform      the principal duties, functions and responsibilities of his position      (other than any such failure resulting from Tynon’s disability) or to      follow the directives of the Board after written notice from the Company      identifying the deficiencies in performance and a reasonable cure period      of not less than thirty (30) days of any breach capable of cure; gross      negligence or willful misconduct in the performance of Tynon’s duties;      or |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (6) | a      material and willful breach of Tynon’s fiduciary duties to the      Company. |
|--------|-----|-------------------------------------------------------------------------------------------|

----

|   | iii. | WITHOUT      CAUSE.  Without Cause upon thirty (30) days written notice by      the Board of Directors to Tynon or upon Tynon to the Board of      Directors.  If Tynon terminates the Agreement for any reason, he      shall have no liability to the Company or its subsidiaries or affiliates      as a result thereof. |
|--------|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iv. | CONSTRUCTIVE      TERMINATION.  Upon Tynon’s Constructive      Termination.  Constructive Termination of Tynon’s employment      with the Company will be deemed to have occurred if Tynon terminates his      employment with the Company within six (6) months following the date on      which: |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | the      Company demotes Tynon to a lesser position, either in title or      responsibility; |
|--------|-----|----------------------------------------------------------------------------------------------|

|   | (2) | the      Company decreases Tynon’s pay below the highest level in effect at any      time during Tynon’s employment with the Company or reduces Tynon’s      benefits below the levels in effect during Tynon’s employment with the      Company (other than as a result of any amendment or termination of any      group or other executive benefit plan, which amendment or termination is      applicable to all executives of the Company or any inadvertent reduction      in benefits that Company cures within thirty (30) days after receiving      written notice of such reduction); |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | the      Company requires Tynon to relocate to a principal place of business more      than fifty (50) miles from the principal place of business occupied by      Company as of the date hereof (the “Company Location”) or requires Tynon      to relocate to a principal place of business, other than the Company      Location, more than fifty (50) miles from 7205 Ellsworth Road, Fort Smith,      AR 72903; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (4) | the      Company is subject to a Change in Control, unless Tynon accepts an      appointment or employment with a successor to the Company;    or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (5) | the      Company breaches any material term of this Agreement which is not cured by      the Company within ten (10) days after receiving written notice of such      breach. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | OBLIGATIONS      OF THE COMPANY UPON TERMINATION.  The following provisions      describe the obligations of the Company to Tynon under this Agreement upon      termination of his Appointment.  However, except as explicitly      provided in this Agreement, nothing in this Agreement shall limit or      otherwise adversely affect any rights which Tynon may have under      applicable law, under any other agreement with the Company, or under any      compensation or benefit plan, program, policy or practice of the      Company. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | TERMINATION      BY THE COMPANY FOR CAUSE OR RESIGNATION WITHOUT CAUSE.  In the      event this Agreement terminates by reason of the Company’s termination of      Tynon’s Appointment as President and Chief Executive Officer of the      Company for Cause or because of Tynon’s resignation Without Cause, the      Company shall: |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | (1) | Pay      to Tynon within ten (10) days any amount of Compensation (as enumerated in      section four (4) above) earned but not yet paid;  and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Provide      Tynon’s health insurance as obligated in section 5(d) above, until the end      of the then current calendar month. |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------|

|   | ii. | TERMINATION      BY THE COMPANY WITHOUT CAUSE, OR CONSTRUCTIVE TERMINATION.  In      the event this Agreement terminates by reason of the Company’s termination      of Tynon’s Appointment as President and Chief Executive Officer of the      Company Without Cause or Tynon is Constructively Terminated, the Company      shall: |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | Pay      to Tynon in a lump sum within ten (10) days the remaining amount of      Compensation provided for in section four (4) above through the end of the      Period of Appointment including any minimum annual increases and bonuses      and an additional one hundred thousand dollars  ($100,000); |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Provide      Tynon’s health insurance as obligated in section 5(d) above;      and |
|--------|-----|------------------------------------------------------------------------------------------|

|   | (3) | Issue      to Tynon the Incentive Shares provided for in section five (5) above at      the end of any years which remain of the Period of Appointment (or at      Tynon’s election, within thirty (30) days thereafter) the appropriate      number of shares for such period. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | iii. | TERMINATION      BY DEATH OR DISABILITY OR TYNON’S RESIGNATION FOR CAUSE.  In the      event this Agreement terminates by reason of Tynon’s Death or Disability      or because of Tynon’s resignation For Cause, the Company      shall: |
|--------|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (1) | Pay      to Tynon or his estate the remaining amount of Compensation provided for      in section four (4) above through the end of the Period of      Appointment; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (2) | Provide      Tynon’s health insurance as obligated in section 5(d) above until the end      of the Period of Appointment; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | Issue      to Tynon the Incentive Shares provided for in section five (5) above at      the end of any years which remain of the Period of Appointment (or at      Tynon’s election, within thirty (30) days thereafter) the appropriate      number of shares for each year. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | MITIGATION.  In      no event shall Tynon be obligated to seek another appointment or      employment or take any other action by way of mitigation of the amounts      payable to Tynon under any of the provisions of this      Agreement.  Any severance benefits payable to Tynon shall not be      subject to reduction for any compensation received from another      appointment or employment. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | d. | CHANGE      OF CONTROL.  For purposes of this Agreement, Change of Control      shall be deemed to have occurred (i) if more than 33% of the voting shares      of the Company are acquired by a third party in a plan of reorganization,      merger and/or consolidation or (ii) if majority voting control of the      Company is acquired by any person other than Jerry Swinford and/or      Tynon.  For purposes of this Agreement, Change in Control does      not include the stock distribution as is provided for and described in the      Registration Statement the Company has on file with the Securities and      Exchange Commission (and amendments thereto) as of the Effective Date of      this Agreement. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | ACKNOWLEDGMENT      OF PROPRIETARY INTEREST.  Tynon agrees that all Confidential      Information learned by him during his employment with the Company, whether      developed by Tynon or in conjunction with others or otherwise, is and      shall remain the exclusive property of the Company.  Tynon's      employment shall be considered “work for hire” for all      purposes. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | CONFIDENTIAL      INFORMATION DEFINED.  “Confidential Information” means all      confidential and proprietary information of the Company, to the extent      such property is the property of the Company and not the property of Tynon      or another, and that is not otherwise publicly      available.  “Confidential Information” does not include the      “Inventions” referenced in section eight (8).  Without limiting      the foregoing, Confidential Information includes the      following: |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | Information      derived from reports, investigations, experiments, research and work in      progress, |
|--------|----|---------------------------------------------------------------------------------------------------------|

|   | ii. | Methods      of operation, |
|--------|-----|----------------------------|

|   | iii. | Marketing      data, |
|--------|------|----------------------|

|   | iv. | Proprietary      computer programs and codes, |
|--------|-----|-----------------------------------------------|

|   | v. | Drawings      designs, plans and proposals, |
|--------|----|---------------------------------------------|

|   | vi. | Marketing      and sales programs, |
|--------|-----|------------------------------------|

|   | vii. | Client      lists, |
|--------|------|--------------------|

|   | viii. | Historical      financial information and financialprojections, |
|--------|-------|-----------------------------------------------------------------|

|   | ix. | Pricing      formulae and policies, |
|--------|-----|-------------------------------------|

|   | x. | All      other concepts, ideas, materials and information prepared or performed for      or by the Company, and |
|--------|----|-----------------------------------------------------------------------------------------------------------------|

----

|   | xi. | All      information related to the business, products, purchases or sales of the      Company and any of its suppliers andcustomers. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | COVENANT      NOT TO DIVULGE CONFIDENTIAL INFORMATION.  The Company is      entitled to prevent the disclosure of Confidential      Information.  The Company agrees to and will provide      Confidential Information to Tynon at the inception of his employment and      Tynon acknowledges and agrees that, during the course of his employment he      will be exposed to, have access to, and gain knowledge of Confidential      Information.  As a portion of the consideration for the      employment of Tynon and for the compensation being paid to him hereunder      and thereafter to hold in strict confidence and not to disclose or allow      to be disclosed or made available to any person, firm or corporation,      other than to his professional advisors (who have the obligation to      maintain the confidentiality of such information) and to persons engaged      by the Company to further the business of the Company, and not to use      except in the pursuit of the business of the Company, the Confidential      Information, without the prior written consent of the    Company. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | RETURN      OF MATERIALS.  In the event of any termination or cessation of      his employment with the Company for any reason, or request by the Company      at anytime, Tynon shall promptly deliver to the Company all documents,      data and other information derived from or otherwise pertaining to      Confidential Information.  Tynon shall not take or retain any      documents or other information, or any reproduction or excerpt thereof,      containing or pertaining to any Confidential  Information. |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. | NOTICES.  All      notices and other communications hereunder shall be in writing or by      written telecommunication, and shall be deemed to have been duly given      upon delivery if delivered personally or via written telecommunication, or      five days after mailing if mailed by certified mail, return receipt      requested or by written telecommunication, to the relevant address set      forth below, or to such other address as either of the parties shall have      furnished to the other in writing in accordance  herewith: |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | a. |
|--------|----|

| If to the Company, addressed      to:      | If to CHARLES WAYNE TYNON addressed      to: |
|--------------------------------------------|----------------------------------------------|
| Coil      Tubing Technology Holdings, Inc. | CHARLES      WAYNE TYNON                     |
| 19511      Wied Road, Suite E              | 7205      Ellsworth Road                     |
| Spring,      TX 77388                      | Fort      Smith, AR72903                     |

|   | b. | WITHHOLDING.  All      payments required to be made to Tynon by the Company under this Agreement      shall be subject to withholding, at the time payments are actually made to      Tynon and received by him, of such amounts, if any,  relating to      federal, state and local taxes as may required by  law. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | TAXES.  In      the event that the aggregate of all payments or benefits made or provided      to, or that may be made or provided to, Tynon under this Agreement and      under all other plans, programs and arrangements of the Company (the      “Aggregate Payment”) are determined to constitute a “parachute payment” or      some other category of payment which results in special tax treatment,      Tynon and the Company shall cooperate with each other in connection with      any proceeding or claim relating to the existence or amount of liability      for the payment, and all expenses incurred by Tynon in connection      therewith shall be paid by the Company promptly upon notice of demand from      Tynon. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | d. | REIMBURSEMENT      OF LEGAL EXPENSES.  In the event that Tynon is successful,      whether in mediation, arbitration or litigation, in pursuing any claim or      dispute involving Tynon’s Appointment with the Company, including any      claim or dispute relating to (a) this Agreement, (b) termination of      Tynon’s Appointment with the Company or (c) the failure or refusal of the      Company to perform fully in accordance with the terms hereof, the Company      shall promptly reimburse Tynon for all costs and expenses (including,      without limitation, attorneys’ fees) relating solely, or allocable, to      such successful claim. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | LAW      GOVERNING.  This Agreement shall be governed under the laws of      the State of Texas. |
|--------|----|------------------------------------------------------------------------------------------------------------|

|   | f. | SEVERABILITY.  If      any provision hereof is held invalid or unenforceable by a court of      competent jurisdiction, such invalidity shall not affect the validity or      operation of any other provision and such invalid provision shall be      deemed to be severed from theAgreement. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | WAIVERS.  No      delay or omission by either party in exercising any right, power or      privilege hereunder shall impair such right, power or privilege, nor shall      any single or partial exercise such right, power or privilege preclude any      further exercise thereof or the exercise of any other right, power or      privilege. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | h. | COUNTERPARTS.  This      Agreement may be executed in multiple counterparts, each of which shall be      deemed an original, and all of which together shall constitute one and the      same document. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | i. | CAPTIONS.  The      captions in this Agreement are for convenience of reference only and shall      not limit or otherwise affect any of the terms of provisions      hereof. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | j. | REFERENCE      TO AGREEMENT.  Use of the words “herein, “hereof,” “hereto,”      “hereunder” and the like in this Agreement refer to this Agreement only as      a whole and not to any particular section or subsection of this Agreement,      unless otherwise noted. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | k. | SUCCESSORS.  This      Agreement shall be binding on and shall inure to the benefit of the      parties hereto, their heirs, administrators, successors, and      assigns. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | l. | ASSIGNABILITY.  This      Agreement and the rights and obligations thereunder may not be assigned by      any act of either party or by operation of law without the prior written      consent of each party.  However, the Company may fulfill its      obligation to compensate Tynon through one or more of its wholly owned      subsidiaries. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | m. | GENDER      AND NUMBER.  The masculine gender shall be deemed to denote the      feminine or neuter genders, the singular to denote the plural, and the      plural to denote the singular, where the context so    permits. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| COIL      TUBING TECHNOLOGY HOLDINGS, INC.                 | CHARLES      WAYNE TYNON               |
|------------------------------------------------------------|----------------------------------------|
|                                                       |                                   |
|                                                       |                                   |
|                                                       |                                   |
| By:      /s/ Jerry      Swinford                           | By:      /s/ Charles Wayne      Tynon  |
| Jerry      Swinford, President and Chief Executive Officer | CHARLES      WAYNE TYNON, individually |
|                                                       |                                   |

----