Document:

AGREEMENT FOR PROJECT DEVELOPMENT SERVICES DATED NOVEMBER 30, 2007

 Exhibit 10.42 
 AGREEMENT FOR PROJECT DEVELOPMENT SERVICES 
 This Agreement for Project
Development Services (this “Agreement”) is executed this 30th day of November 2007 (the “Effective Date”) between ADA-ES, Inc., a
Colorado corporation (“Sponsor”), Red River Environmental Products, LLC (“Red River”), Bowman Environmental Products, LLC (“Bowman”), Underwood Environmental Products, LLC
(“Underwood”) and Emission Strategies Inc., a Maryland corporation (“Developer”). 
 RECITALS 
 WHEREAS, the Sponsor is engaged in development of activated carbon production facilities (collectively the “Crowfoot Project”) at up to three
separate sites (each a “Project Site”); and 
 WHEREAS, each of Red River and Underwood (collectively the “Project
Companies” and individually a “Project Company”) have each been formed to own the Production Lines located at a particular Project Site; Bowman has also been formed to own a production facility at a particular site but the exact site
is still up for consideration and the name of Bowman may be changed to reflect the location ultimately selected, and 
 WHEREAS, the Sponsor has
retained the Developer to assist in development of the Crowfoot Project; and 
 WHEREAS, the Developer has been assisting in development of the
Crowfoot Project and is integral to the continued success of the Crowfoot Project and 
 WHEREAS, the parties have previously agreed that Developer
have a compensation package, including incentives, that compensates Developer for achievement of defined milestones and its long term commitment to the Crowfoot Project and aligns Developer’s interests with the other parties’ interests in
successful execution of the Crowfoot Project and 
 WHEREAS, the parties wish to confirm all terms of Developer’s engagement, including
compensation 
 NOW, THEREFORE, the parties hereto, in consideration of the mutual covenants contained herein and other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, do hereby agree as follows: 
 1. DEFINITIONS 
 “Actual Project Costs” means the Project Costs incurred for a Production Line. 
 “Affiliate” means, with respect to any entity, any other person or entity who controls, is controlled by, or is under common
control of, such entity. 
  

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 “Budgeted Project Costs” means one-hundred and five-percent (105%) of the Project Costs
budgeted at Financial Closing for a Production Line (exclusive of contingency that may be in such budget used for financing) and contained in the pro-forma and sources and uses used in connection with the financing. In the interest of clarity the
intent here is to have a five percent contingency for purpose of incentive and so 105% of budgeted cost is used. It is recognized that for financing, a different contingency may be used. 
 “Commercial Operation Date” means the date on which a Production Line is sufficiently complete to produce commercial quantities of carbon and is
placed in commercial operation within the meaning of offtake contracts and financing agreements. For the sake of clarity, it is envisioned that Commercial Operation Date may commence with only two or more furnaces on line if Sponsor and/or a Project
Company elect to stage the commercial operation. 
 “Competing Projects” means any and all projects anywhere in North America related
to the supply, production, marketing, or sale of powdered activated carbon for mercury control and/or any project that would sell products competing with a Production Line under development in the Crowfoot Project. 
 “Final Air Permit” means a valid permit by the governmental authority having jurisdiction over the air emissions of a Production Line/both
Production Lines at the Project Site that (1) permits construction of one/both Production Lines at a Project Site and (2) is not being appealed within 90 days after its issuance; provided, that if pending any appeal, Financial Closing for
a Project Site occurs, the Final Air Permit shall be deemed issued for all purposes in this Agreement. 
 “Financial Closing” means
the date on which the closing occurs for funds adequate to fully finance the construction of a Production Line and the proceeds (or advances) can be made subject to customary conditions. 
 “Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, firm, or other entity, or a governmental authority. 
 “Production Line” means an activated carbon
production line having a total design capacity of at least 120 million pounds-per-year of activated carbon. This corresponds to a design production rate of 360,000 lb/day. 
 “Project Costs” means the total installed capital cost of a Production Line and all affiliate facilities including any power island at a Project
Site and includes all development costs, financing costs AND capitalized interest. 
 “Operating Revenues” means the amount of revenue
generated from the sale of activated carbon produced by a Production Line that is recognized in the books and records of a Project Company in accordance with Generally Accepted Accounting Principals in the United States 

  

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(“USGAAP”). Project Company internal financials and accounting records, including invoices to customers, are auditable by Emission Strategies, Inc. for a
period of three years after each quarter. 
 2. SCOPE OF SERVICES 
 (a) Subject to the remaining terms of this Agreement, Developer will provide professional services (the “Services”) generally as follows: 
 (i) Overall project management and leadership of the day-to-day activities (by others) for the Crowfoot Project, such activities including, without
limitation, identifying and developing plant locations, development of plant design, obtaining all necessary permits, identifying and assisting Sponsor in the contracting with owners of potential sites, coal suppliers, and parties to supply and
construct the plants, preparing project reports for Sponsor as reasonably requested and otherwise managing the day to day activities of the Project Team (as defined below) 
 (ii) assisting Sponsor in locating and hiring a team of consultants with the necessary expertise in plant development, project finance, permitting,
procurement and other necessary skills for successful completion of Project Crowfoot (the “Project Team”) 
 (b) The Project Team
shall include the entities/individuals identified in Exhibit 1 hereto (together with Developer the “Key Developers”) with the respective areas of expertise noted on Exhibit 1 . 
 (c) Developer’s Services shall at all times be managed and rendered primarily by Sheila Glesmann, who is considered key to Developer’s efforts.
Accordingly, during the term of this Agreement, Sheila Glesmann, as Developer’s key employee for this Agreement, shall devote such time and effort as is necessary to achieve the Crowfoot Project objectives of establishing one or more Production
Lines; provided, however Sponsor may approve assistants to work with Sheila Glesmann at prices to be agreed. At all times during the term of this Agreement Sheila Glesmann shall not take on any other assignments or work which would materially
interfere with, or diminish, her ability to manage the Crowfoot Project in accordance with the terms hereof. Unless prior written approval is received from Sponsor, which approval will not be unreasonably withheld, Developer or Sheila Glesmann shall
not work on any Competing Projects during the Term of this Agreement. 
 (d) Sponsor shall separately contract with and pay each of the Key Developers
on the Project Team but Developer shall be responsible for management of the day to day activities of the Project Team. 
 (e) Without affecting the
remaining terms of this Agreement, Sponsor may, from time-to-time and at any time, elect to terminate the provision of Services by one or more of the Key Developers upon not less than thirty (30) days prior written notice provided however, that
Sponsor shall be responsible for promptly providing or procuring (through Developer internal 

  

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resources or otherwise) a replacement for any Key Developer expertise so terminated to the extent such replacement is necessary for the Crowfoot Project to proceed.

 3. SPONSOR’S REPRESENTATIVE 
 When used in this
Agreement, the term “Sponsor’s Representative” means any of the Sponsor’s authorized officers. 
 4. TERM 
 The Term of this Agreement shall commence on the Effective Date hereof and shall continue in effect until the Termination Date (as defined in Section 14
hereof). 
 5. COMPENSATION, HOURLY RATE FOR SERVICES AND REIMBURSEMENT OF EXPENSES 
 (a) Developer shall be entitled to invoice (and Sponsor shall pay for) all Services rendered in connection with the Crowfoot Projects only as provided in this
Section 5. 
 (b) Monthly Fee. Unless Developer’s Services are terminated in accordance with Section 14, Sponsor shall pay the
Developer a monthly fee of *. The Monthly Fee shall cover all Services performed by the Developer by Sheila Glesmann, all office expenses of the Developer, Developer’s insurance, employee benefits and all other expenses. 
 (c) Out-of-Pocket Expenses. Sponsor shall pay the out-of-pocket expenses of the Developer (at cost without markup) for the reimbursable expenses set forth
in Exhibit 2 and other activities to the extent approved by the Sponsor Representative (“Reimbursable Expenses”). 
 (d) Hourly
charges of Developer Employees. Sponsor shall pay Developer for Services performed by employees to the Developer other than the Key Developers (the “Additional Hourly Charges”) at the rates and for the services only to the extent
approved by a written change order executed by Sponsor’s Representative. 
 (e) All compensation and expenses shall continue to be paid on a
monthly basis until the Commercial Operation Date of the first Production Line unless earlier terminated in accordance with the terms hereof. In the event that further Production Lines from the permits attained are built, continuation of Developer
for Monthly Fees shall be negotiated on a case-by-case basis. 
  

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 6. PROJECT INCENTIVE POOL 
 (a) In order to provide incentive to the Key Developers to successfully complete Project Crowfoot, Sponsor and each Project Company shall provide a bonus pool of Milestone Payments for the Key Developers to be shared as reflected in
separate agreements between Sponsor, the Project Companies and the Key Developers. The Milestone Payments to be paid to Developer as Developer’s share of the pool are set forth in Exhibit 3 attached (such amounts are each a “Milestone
Payment”). The Milestone Payments are agreed to be earned upon the achievement of the applicable Milestone Event set forth in Exhibit 3 and will be paid in accordance with paragraph 6(b). It is understood that incentives shall be paid out of
the financing through the Project Company unless as to any particular payment, the parties agree that the payment will be from revenues of a production line for a particular Project Site through the Project Company. The foregoing notwithstanding,
Sponsor shall guarantee the payment of the Milestone Payments for achievement of the Milestones for air permits as noted on Exhibit 3 (Milestones 1-3) and the amount of *; provided however, that Sponsor shall have the option in its sole
discretion to pay up to half of incentive amounts that Sponsor may become liable for paying to Developer hereunder with stock of Sponsor in lieu of cash. For that purpose the value assigned to Sponsor’s stock per share will be the value per
share as of the day stock is issued to Developer. 
 (b) Each of the Milestone Payments shall be an obligation of the Project Company that owns the
Production Line(s) on the applicable Project Site to which the Milestone Payment relates and other than as guaranteed above, shall not be an obligation of the Sponsor, the Project Owner or any other Project Company. 
 (c) The Milestone Payments set forth in Exhibit 3 and due hereunder are solely for Developer and represent Developer’s share of the incentive pool and hence,
need not be shared among the other Key Developers. 
 (d) Each applicable Project Company will be responsible only for the Milestone Payments related
to its Project Site. 
 (e)* 
 (f)*

 7. PAYMENTS 
 Within ten (10) days following the end
of each calendar month, the Developer shall submit an itemized invoice for the agreed Monthly Fee, hourly charges for employees of Developer for Services performed and for expenses incurred during such calendar month. *. 
  

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 8. LIMITATION ON TOTAL OF FEES AND INCENTIVES PAYABLE TO DEVELOPER FOR FIRST PRODUCTION LINE 
 (a) It is the objective of Sponsor and Project Companies to provide both an incentive to Developer to achieve the Project Crowfoot objectives for the first
Production Line at the earliest date and a limitation on Sponsor’s potential total aggregate cost for Developer’s services. Accordingly, the total aggregate amount payable by Sponsor and the Project Company hereunder for Developer’s
Monthly Fees payable under Section 5 above plus any and all Project incentive payments due under Section 6 above and Exhibit 3 for the first Production Line shall in no event exceed the following: 
 * 
 9. INDEPENDENT CONTRACTOR 
 (a) The Developer is an independent contractor of the Sponsor and not an agent, partner, joint venturer or employee of the Sponsor. None of the employees of the
Developer is an employee of the Sponsor. Developer shall maintain as legally required workers compensation insurance for employees and such other insurances as required by law to be maintained by Developer and shall provide Sponsor and/or the
Project Companies with certificates of insurance for all insurance carried by Developer; such certificates of insurance shall indicate that Sponsor shall receive at least thirty (30) days notice of any intention by the carrier or Developer to
cancel such insurance. 
 (b) The Developer shall not hold itself out as the agent of the Sponsor or represent to any Person that it has the power to
bind the Sponsor or its affiliates. The Developer shall not have any equity or other right to any Project or the profits therefrom. 
 10. WARRANTIES AND EXCLUSION
OF WARRANTIES WITH RESPECT TO THE SERVICES 
 Developer warrants that it is an independent contractor authorized to do business in the state of
Maryland and that it complies with all applicable laws for conducting its business, including without limitation, all applicable tax laws, laws and regulations related to registration of its business, and laws and regulations related to employment
benefits and insurance. The foregoing warranties are the sole and exclusive warranties of Developer and all other warranties, including, without limitation all implied warranties of any kind, are expressly disclaimed. Developer expressly disclaims
any warranties with respect to the quality, correctness or fitness for any purpose of the Services, which Services are performed without warranty of any kind or nature to Sponsor, its affiliates, successors, assigns, and other prospective or actual
owners in all or part of the Crowfoot Project. 
 11. INDEMNITY, EXCLUSION OF DAMAGES, AND LIMITATION OF REMEDIES 
 (a) The Developer shall indemnify and save the Sponsor and its Affiliates and its and 

  

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their respective employees, officers, directors, representatives and agents (collectively, the “Sponsor Indemnitees”) harmless from and against all
losses, liabilities, claims, demands, payments, actions, legal proceedings, recoveries, costs, expenses, attorney fees, settlements, judgments, orders and decrees of every nature and description brought or recovered against, or incurred by, the
Sponsor Indemnitees, to the extent caused by or resulting from (i) the Developer’s gross negligence or willful misconduct (willfull misconduct means, for purposes of this Agreement, and is limited to: 1) breach of law or statute by
Developer, 2) theft or embezzlement from Sponsor by Developer or 3) Developer’s working on, or actively supporting a Competing Project during the Term hereof without Sponsor’s prior written approval) in connection with performance of the
Services, (ii) any breach of Section 15 by Developer and (iii) any agreements of Developer with, or representations of Developer to, the Key Developers that are not contained in the agreements between Sponsor and the Key Developers.

 (b) Developer shall maintain worker’s compensation insurance as required by law. 
 (c) The Sponsor shall indemnify and save the Developer and its employees, officers, directors, representatives and agents (collectively, the “Developer
Indemnitees”) harmless from and against all losses, liabilities, claims, demands, payments, actions, legal proceedings, recoveries, costs, expenses, attorney fees, settlements, judgments, orders and decrees of every nature and description
brought or recovered against, or incurred by, the Developer Indemnitees, to the extent caused by or resulting from any agreement or representation by Sponsor or its affiliates to the Key Developers to which Developer was not a party. 
 (d) Neither of the parties, nor any of the Affiliates or agents of the parties shall be liable to the other party or its indemnitees for any indirect,
consequential, special, exemplary or punitive damages of whatever kind or nature arising out of this Agreement or any activities contemplated hereby. 
 12. CHANGES
TO AGREEMENT; ASSIGNMENT AND SUBCCONTRACTING 
 (a) The terms of this Agreement shall not be changed, superseded or supplemented except in writing
signed by the Developer and Sponsor. 
 (b) This Agreement shall not be assigned or any part thereof subcontracted by Developer without the
Sponsor’s prior written consent. Any attempted assignment without such written consent shall be void ab initio. The Sponsor may, without Developer’s consent, assign this Agreement to the Project Owner, a Project Company or any
Person to whom the ownership interests in the Project Companies or the Project Owner are sold or transferred. 
 13. DISPUTES 
 (a) Except as provided in Section 14 regarding termination, in the event of a dispute (herein a “Dispute”) between the Developer and the
Sponsor, the Developer shall proceed with 

  

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the Services pending resolution of such Dispute. 
 (b) In the event
a Dispute arises, the Parties shall notify the other party of the Dispute and that it has elected to implement the procedures set forth in this Section 13. Within fifteen (15) days after delivery of any such notice, a senior management
representative of each party shall meet at a mutually agreed time and place to attempt, with diligence and good faith, to resolve and settle such Dispute. Should a mutual resolution and settlement not be obtained at the meeting of representatives of
senior management of each of the parties for such purposes or should no such meeting take place within such fifteen (15) day period (unless extended by mutual agreement), then any party or its Affiliate may commence an action in a court of
competent jurisdiction as set forth in Section 16. 
 14. TERMINATION 
 (a) This Agreement shall commence on the Effective Date and continue until the earlier of : 
 (i) termination in
accordance with the terms hereof 
 (ii) failure to obtain Final Air Permit for at least one site by * and Sponsor elects in its
sole discretion to discontinue such efforts 
 (iii) expiration of all Final Air Permits on all unbuilt facilities obtained hereunder

 (iv) failure of Sponsor to obtain sufficient financing by no later than * for at least a first Production Line on terms
reasonably satisfactory to Sponsor in its sole discretion. Closing of financing by Sponsor shall deem such financing sufficient under this Section. 
 (v) Sponsor elects, in its sole discretion, to abandon the Crowfoot Project 
 (vi) in the case where a Production
Line or Lines is/are built, Sponsor elects in its sole discretion not to build any additional Production Lines. However, any amounts due to Developer as a result of the first Production Line shall be paid despite termination of the Agreement.

 The foregoing notwithstanding, nothing in this Agreement shall require the Sponsor or the Project Companies to continue development
of all or part of the Crowfoot Project or to execute any contract or agreement in connection with the development, construction, acquisition or financing of all or part of the Crowfoot Project. 
 (b) Either party may terminate this Agreement on not less than thirty (30) days prior written notice; provided, however, that if Sponsor terminates Developer
for any reason other than cause as set forth in section (d) below then Sponsor may not terminate the Milestone Payment obligation hereunder which obligations shall continue in force until all Milestone Payments earned under Section 6 have
been paid in accordance with the terms hereof. 
 (c) Developer may terminate this Agreement upon ten (10) days written notice if Developer’s
undisputed invoice has not been paid within twenty (20) days following the due date therefor and is not paid prior to the expiration of the ten day notice of termination period required hereunder. Good faith dispute of an invoice, shall not be
grounds for termination. 
 (d) Sponsor may terminate this Agreement upon not less than ten (10) days prior 

  

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written notice if Developer has (i) failed to provide the Services of Sheila Glesmann in accordance with Section 2 hereof or (ii) if Sheila Glesmann is
not the controlling owner of the Developer or (iii) if Developer and/or Sheila Glesmann has failed to perform the services required hereunder in a manner and at a level of professionalism consistent with the industry standards for providing
such development services (hereinafter “poor performance”) and (iv) if Developer is in material breach of any of its obligations hereunder. The forgoing reasons are collectively referred to as “cause” for termination by
Sponsor. Prior to terminating for cause items (ii), (iii) and (iv) Sponsor must provide written notice of such poor performance or breach, specifically pointing out the deficiencies in Developer’s performance or breach and Sponsor
shall not terminate if Developer cures such deficiency or breach within thirty(30) days after receiving such written notice from Sponsor. 
 (e) The
effective date of termination under this Section 14 being the “Termination Date”. 
 (f) In the event of expiration of the term
specified in (a)(iii) or (a)(iv) above or termination, Sponsor shall remain obligated to pay for Services rendered through the Termination Date consisting solely of the Monthly Fee, Reimbursable Expenses, Additional Hourly Charges. The Project
Companies shall be liable for any Milestone Payments for Milestones that occur before the Termination Date, and Sponsor shall be responsible for such payments to the extent of its guarantee of such payments in Section 6(a) above. In addition if
the Developer has been terminated by Sponsor for any reason other than cause, pursuant to Section 12(d), such termination shall be a partial termination, terminating only the monthly services of Developer, and Developer shall be entitled to
Milestone Payments from the Project Companies when and if the Milestones are achieved. 
 (g) If Developer terminates this agreement for any reason,
Developer shall no longer be entitled to Milestone Payments for any Milestone Event reached after the Termination Date. 
 (h) In the event of
expiration or termination of this Agreement all terms that by their nature survive the expiration or termination, including without limitation the indemnity and confidentiality obligations undertaken herein shall survive. 
 15. OWNERSHIP OF WORK PRODUCT AND CONFIDENTIALITY 
 (a) Any reports, plans
or specifications prepared under this Agreement and any and all documents relating in any way to the Crowfoot Project shall at all times be the sole property of the Sponsor and/or the Project Companies. Developer expressly acknowledges that all of
its work hereunder shall be considered a “Work for Hire” and that Sponsor and/or the Project Companies shall at all times own all intellectual property rights in Developer’s work performed hereunder. Developer agrees, at
Sponsor’s expense, to execute any and all such assignments or other documents necessary to confirm and/or transfer title to Sponsor and/or a Project Company and to otherwise reasonably cooperate in assisting Sponsor and the Project Companies in
protecting their intellectual property rights in work performed by Developer hereunder. 
  

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 (b) Developer acknowledges and agrees that its work hereunder is extremely confidential and therefore Developer
agrees that it will keep all information obtained and/or developed in the course of its performance hereunder and any other information about the Crowfoot Project that Developer may come to know (collectively the “Information”) strictly
confidential and will use such information solely for the development of the Crowfoot Project. This obligation of confidentiality shall survive for the term of this agreement and for a period of (3) three years thereafter. Developer agrees that
upon request, it will promptly return to Sponsor and/or the Project Companies all letters, notes and reports containing or referencing the Information, and all other materials, derived from the Information which are in the Developer’s
possession. The term “Information” does not include any information which (i) at the time of disclosure or thereafter is generally available to the public (other than as a result of a disclosure by the Developer in violation of this
Agreement), (ii) was available to the Developer on a non-confidential basis from a source other than the Sponsor, its partners, affiliates or investors, and further provided that such source is not and was not known by the Developer to be bound
by a confidentiality agreement that protected the Information or, (iii) has been independently acquired or developed by the Developer without violating any of its obligations under this Agreement as demonstrated by documentary evidence in the
Receiving parties files prior to receipt of such information. In the event of any breach or threatened breach by developer of the foregoing obligations, Developer acknowledges that Sponsor and/or the Project Companies shall be entitled to injunctive
relief to stop any disclosure of Information, prevent the continuation of any disclosure of Information and return of any portion of the Information improperly disclosed. The foregoing Confidentiality obligations are in addition to and ancillary to
any and all other confidentiality obligations of the developer pursuant to any and all confidentiality agreements entered into by Developer at any time, whether prior or subsequent to this agreement. 
 (c) Nothing in this paragraph shall prevent a party hereto from confidential disclosure of Information to its attorneys or CPA’s as necessary for consulting
therewith, and in the event of litigation a party may likewise share such information confidentially with expert witnesses. When such disclosures are not otherwise deemed confidential by law (e.g. attorney client privilege communications) such
disclosures shall be made under appropriate confidentiality agreements. 
 16. GOVERNING LAW, JURISDICTION AND VENUE 
 This Agreement shall be deemed to be a New York contract and shall be construed in accordance with and governed by the laws of the State of New York, other than any
choice of law provisions that would make the laws of any other state applicable. Should either party decide to bring an action against the other party, the party pursuing an action agrees to sue the other party in the jurisdiction in which it is
domiciled. All counterclaims would be brought in the venue where the original action is filed. Accordingly, any action brought by Sponsor shall be brought in the state or federal courts of Maryland and any action brought by Developer against Sponsor
shall be brought in the state or federal courts of Colorado. The parties expressly agree that the purpose of this alternate venue provision is to encourage the parties to amicably resolve any disputes without resort to the courts and that if resort
to the court is necessary they will not contest and shall waive any objection to transfer of the case to the venue specified herein. Each 

  

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of the parties hereby submits respectively to jurisdiction in the United States District Court for Colorado, located in Denver (and if such court does not have
jurisdiction over a matter at controversy between the parties, any Colorado state court located in Denver) and the United States District Court for Maryland, located in Baltimore (and if such court does not have jurisdiction over a matter at
controversy between the parties, any Maryland state court located in Baltimore for purposes of all legal proceedings that may arise under this Agreement. Each of the parties hereto irrevocably waives, to the fullest extent permitted by applicable
law, any objection which it may have or hereafter have to the personal jurisdiction of such court or the laying of the venue of any such proceeding brought in such courts and any claim that any such proceeding brought in such a court has been
brought in an inconvenient forum. Each of the parties hereto hereby consents to process being served in any such proceeding by the mailing of a copy thereof by certified mail, postage prepaid, to its address specified in Section 17 hereof. EACH
OF THE PARTIES HERETO HEREBY KNOWINGLY, VOLUNTARILY, AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION OR ARISING OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR ANY OTHER DOCUMENTS ENTERED INTO
IN CONNECTION THEREWITH, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER VERBAL OR WRITTEN), OF THE PARTIES HERETO. 
  

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 17. NOTICES 
 All notices,
consents, approvals, requests, invoices or statements (“Notices”) provided for or permitted to be given under this Agreement must be in writing. Notices to a party must be delivered to such party at the address for such party set
forth below or at such other address as such party shall designate by Notice to the other party under this Section 17. Notices shall be (a) sent by certified U.S. Mail with return receipt requested (with confirmation thereof),
(b) delivered personally (including delivery by private courier services) or (c) sent by telecopy (subject to confirmation of delivery) to the party entitled thereto. All charges must be pre-paid. Such Notices shall be deemed to be duly
given when received by all parties designated to receive such Notice unless the day of receipt is not a business day, in which case such delivery shall be deemed to be made as of the next succeeding business day, provided, however, in
the case of telecopy (with required confirmation), when sent, so long as it was received during working hours (8:00 a.m. to 5:00 p.m. local time) for the intended recipient on a business day and otherwise such delivery shall be deemed to be made as
of the next succeeding business day. 
 If to Sponsor, to: 
 ADA-ES, Inc. 
 8100 SouthPark Way Unit B 
 Littleton, CO 80120 
 Attention: President 
 Fax: 303 734-0330 
 If to Developer: 
 Emission Strategies, Inc. 
 447 Larkspur Lane 
 Severna Park, MD 21146 
 Attn: Sheila Glesmann, President 
 Fax: 443 346-2585 
 If to any of the Project Companies: 
 Company Name 
 c/o ADA-ES, Inc. 
 8100 SouthPark Way Unit B 
 Littleton, CO 80120 
 Attention: Richard Schlager 
 Fax: 303 734-0330 
 18. HEADINGS 
 The Section headings in this Agreement are included for
reference only. They are not a part of this Agreement and shall not affect the interpretation and construction of this Agreement. 
  

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 19. ENTIRE AGREEMENT 
 With respect to the subject matter hereof, this Agreement supersedes all previous representations, understanding and negotiations, either written or oral, and constitutes the entire agreement between the parties hereto except for such
obligations as have been or may in the future be entered into by and between the parties and/or any third parties with respect to maintaining the confidentiality of confidential information. 
 20. SUCCESSORS AND ASSIGNS 
 The parties agree that all provisions of this
agreement shall bind any person or entity to whom all or any of this agreement is assigned or any successor created by merger or any corporate or organizational change. The assignment however shall not relieve the Sponsor of its financial
obligations or its guarantee of any payment. 
 21. INTERPRETATION 
 The captions or headings in this Agreement are strictly for convenience and shall not be considered in interpreting this Agreement. Words in this Agreement that import the singular connotation shall be interpreted as plural, and words that
import the plural connotation shall be interpreted as singular, as the identity of the parties or objects referred to may require. The words “include”, “includes”, and “including” mean include, includes, and including
“without limitation” and “without limitation by specification.” The words “hereof”, “herein”, and “hereunder” and words of similar import refer to this Agreement as a whole and not to any particular
provision of this Agreement. Except as the context otherwise indicates, all references to “Exhibits”, “Articles” and “Sections” refer to Exhibits, Articles and Sections of this Agreement. 
 21. EFFECTIVE DATE 
 This Agreement shall become effective upon signature
by all of the parties hereto and Board Approval by the Sponsor’s board, which approval Sponsor agrees to seek promptly upon signature. Sponsor will advise Developer of Sponsor’s Board action on the Agreement in any event in not greater
than two weeks after the signature by the parties. As part of Sponsor’s Board Approval, Sponsor will be authorized to share this agreement with any and all strategic partners then being considered for the Crowfoot Project and specifically
reserves the right to ask for modifications to this Agreement to address reasonable concerns of the strategic partners. 
 [SIGNATURES APPEAR ON THE
FOLLOWING PAGE] 
  

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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the date first above written

  

									
	ADA-ES, INC.	 		 	EMISSION STRATEGIES INC.
					
	By	 	/s/ C. Jean Bustard            1-09-08	 		 	By:	 	/s/ Sheila H. Glesmann            11-30-07
	 Name: C. Jean Bustard
 Title: Chief Operating
Officer
	 		 	 Name: Sheila H. Glesmann
 Title:
President

  

									
			
	 RED RIVER ENVIRONMENTAL
 PRODUCTS,
LLC
	 		 	 BOWMAN ENVIRONMENTAL
 PRODUCTS,
LLC

					
	By	 	/s/ Richard Schlager            1-09-08	 		 	By:	 	/s/ Richard Schlager             1-09-08
	 Name: Richard Schlager
 Title: Managing Member
	 		 	 Name: Richard Schlager
 Title: Managing
Member

  

									
			
	 UNDERWOOD ENVIRONMENTAL
 PRODUCTS,
LLC
	 		 	
					
	By	 	/s/ Richard Schlager            1-09-08	 		 	By:	 	 
	Name:	 	Richard Schlager	 		 	Name:	 	 
	Title:	 	Managing Member	 		 	Title:	 	 

  

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 EXHIBIT 1 
 Key Developers ( other than ESI) 
 * 
  

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 EXHIBIT 2 
 Reimbursable Expenses 
  

	 	•	 	 Travel including remote trips as well as local meals, mileage and parking to support meetings 

  

	 	•	 	 Specialized software, e.g., scheduling, CAD, etc. as needed to support the project 

  

	 	•	 	 Presentations, printing, copies 

  

	 	•	 	 Postage and mailing expenses 

  

	 	•	 	 Conference call services 

  

	 	•	 	 Web or video conferencing services 

  

	 	•	 	 Conference attendance fees as approved 

  

	 	•	 	 Approved subcontractors 

  

	 	•	 	 Other approved expenses 

  

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 EXHIBIT 3 
 Milestone Payments 
 * 
  

 17EMPLOYMENT AGREEMENT DATED JANUARY 1, 2008

 Exhibit 10.43 
 ADA-ES, INC. 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT made and entered into this 1st day of January 2008, by and between ADA-ES, Inc., a Colorado corporation, whose principal offices are located at 8100
SouthPark Way, Unit B, Littleton, Colorado 80120 (the “Company”), and Cameron E. Martin (the “Employee”) whose address is 2978 Raleigh Street, Denver, CO 80212. This agreement supersedes all previous agreements. 
 RECITALS: 
  

	 	A.	The Company has made Employee an offer of employment. 

  

	 	B.	Employee desires to accept the offer. 

  

	 	C.	The Company and Employee desire to enter into this Agreement to set forth the terms and conditions of the employment. 

 NOW, THEREFORE in consideration of the premises and the mutual covenants and agreements hereinafter set forth and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, hereby agree as follows: 
  

	 	1.	Definitions. 

 Capitalized terms are used herein
with the meanings as specified in Paragraph 6 hereof. 
  

	 	2.	Employment. 

 The Company hereby employs the
Employee and Employee hereby accepts such employment upon the terms and conditions set forth herein. 
  

	 	3.	Position, Duties and Authority. 

 During the term of
this Agreement, Employee shall be employed as Vice President, Emissions Control Systems. This is a full-time, salaried, exempt position. 
  

	 	4.	Obligations of Employee. 

 Employee hereby agrees
that he will devote a minimum of 40 hours per week to the fulfillment of his/her obligations hereunder. 
  

	 	5.	Compensation and Benefits. 

 In consideration of
Employee’s agreement to be employed by the Company and as reasonable compensation for services to be rendered hereunder, the Company agrees as follows: 
  

	 	a)	Benefits. 

 Employee shall be entitled to the
standard benefits and perquisites from time to time available to full-time employees of the Company as outlined in the Employee Handbook. 
  

	 	b)	Compensation. 

 The Company shall pay Employee
bi-weekly salary of $5,000 (equating to an annualized salary of $130,000) as part of the Company’s normal payroll procedures. Increases in compensation, if any, shall be at the discretion of the Executive Officers of the Company. 
  

	 	6.	Definitions. 

  

	 	a)	“Invention” shall mean any idea, discovery, article, process, formulation, composition, combination, design, modification or improvement, whether or not patentable.

  

	 	b)	“Copyright Works” shall mean all literary works, graphic works, pictorial works and other creative works for which copyright protection may be obtained, including
without limitation proposals and computer software /documentation. 

  

	 	c)	“Confidential Subject Matter” shall mean all Inventions, Copyright Works, data, specifications, know-how, lists, printed materials, technical information,
cost/pricing/marketing information and other subject matter that is not available to the general public in a substantially identical form without restriction. 

  

	 	7.	Disclosure/Ownership of Invention and Confidential Subject Matter. 

  

	 	a)	Prior to Employment 

 Employee agrees that Exhibit
A provides adequate description and disclosure of Inventions and Confidential Information considered owned by Employee or third party with whom Employee is contractually bound prior to becoming employed by the Company. Throughout the term of this
agreement and following its termination, even in the case of breach of contract by either party, the items identified in Exhibit A are considered the property of Employee (“Employee Intellectual Property”) or of a third-party (“Third
Party Intellectual Property”). Although Exhibit A may not be all inclusive of all intellectual property owned by Employee or third parties, any ownership rights Employee wishes to defend must be itemized in Exhibit A. Employee may amend Exhibit
A at any time as long as the claim can be supported with documentation demonstrating the rightful ownership of the Employee or third party. 
  

	 	b)	During Employment 

 Employee agrees that during the
term of Employee’s employment with Company, Employee will immediately disclose in writing to Company all Inventions and Confidential Subject Matter which (i) is conceived or generated by Employee alone and/or jointly with others, and
(ii) relates to the actual or anticipated business of the Company and/or relates to the actual or anticipated research or development activities of the Company and/or is otherwise suggested by or results from any activity performed on behalf of
the Company. Employee acknowledges and agrees that immediately upon conception or generation, whichever occurs earlier, all Inventions and Confidential Subject Matter disclosed and to be disclosed by Employee to Company during the term of
Employee’s employment with Company will be the sole and exclusive property of the Company. 
  

	 	b)	Post Employment 

 Employee further agrees that,
during the two (2) year period following any termination of Employee’s employment with the Company, Employee will immediately disclose in writing to the Company all Inventions and Confidential Subject Matter which (i) is conceived or
generated by Employee alone and/or jointly with others, and (ii) is based upon or otherwise derived from any Inventions and/or Confidential Subject Matter of the Company. Employee acknowledges and agrees that immediately upon conception or
generation, whichever occurs earlier, all Inventions and Confidential Subject Matter to be disclosed by Employee to Company during the two (2) year period following the termination of Employee’s employment with Company will become the sole
and exclusive property of the Company. 
  

	 	8.	Assignment of Inventions and Confidential Subject Matter/ Documentation/ Commercialization. 

  

	 	a)	Assignment. 

 Employee hereby assigns to Company
the Employee’s entire right, title and interest in and to all Inventions and Confidential Subject Matter disclosed and to be disclosed by Employee to Company pursuant to Sections 7 (a) and (b). 
  

	 	b)	Documentation. 

 Employee agrees to execute,
cooperate in the preparation of and deliver to the Company, both during the term of Employee’s employment with the Company and thereafter, any and all documents deemed necessary by the Company for the Company to protect, maintain, preserve and
enjoy the full right, title and interest to all Inventions and Confidential Subject Matter disclosed and to be disclosed by Employee to Company, including without limitation, the execution and delivery of patent assignments and, at Company’s
legal expense, the preparation of patent applications. 
  

	 	c)	Commercialization. 

 Employee acknowledges and
agrees that with respect to all Inventions and Confidential Subject Matter transferred by Employee to Company, Company is not obligated to commercialize the same, and that if Employee desires to independently commercialize any of said inventions
and/or Confidential Subject Matter, Employee must request and obtain a written license from Company beforehand, which license request may be declined by Company in its sole discretion. 
  

	 	9.	Copyright Works. 

 Employee agrees that all
Copyright Works and contributions to Copyright Works prepared by Employee within the scope of Employee’s employment with the Company will be deemed “works for hire” and will be owned by the Company, and Employee agrees to execute all
documents deemed necessary by the Company for the Company to protect, maintain, preserve and enjoy the Company’s rights in such Copyright Works and contributions. Employee further agrees that unless expressly authorized by the Company in
writing, Employee will not independently prepare or otherwise distribute or publish any Copyright Work that embodies any Confidential Subject Matter owned by the Company or held in Confidence by the Company for any third party, including without
limitation, all Confidential Subject Matter disclosed and to be disclosed by Employee to the Company. 
  

	 	10.	Written Records. 

 Employee agrees that to the
extent reasonably possible, Employee will maintain written records of all Inventions and Confidential Subject Matter conceived or generated by Employee in the course of Employee’s performance of services for the Company, which records will be
the exclusive property of the Company and will be available to the Company at all times. 
  

	 	11.	Restrictive Obligations Relating to Confidential Subject Matter. 

  

	 	a)	Obligations to Company. 

 Employee agrees to
maintain in strict confidence, and agrees not to use, disclose, reproduce or publish, except to the extent necessary in the course of the Employee’s performance of services for the Company and/or as otherwise authorized by Company, any
Confidential Subject Matter owned by the Company or held in confidence by the Company for any third-party, including without limitation, all Confidential Subject Matter disclosed and to be disclosed by Employee to the Company. 
  

	 	b)	Prior Obligations to Third-Parties. 

 Employee
agrees that, in the course of Employee’s employment with the Company, Employee will not use or disclose any third party Confidential Subject Matter with respect to which Employee, prior to Employee’s initiation of employment with the
Company, assumed obligations restricting such use or disclosure. 
  

	 	12.	Conflicting Obligations. 

  

	 	a)	Prior Obligations. 

 Employee acknowledges and
agrees that Employee is under no obligations to any third party which conflict or may conflict, in any way, with any of the Employee’s obligations hereunder. 
  

	 	b)	Assumption of Obligations. 

 Employee agrees that,
during the term of Employee’s employment with the Company, Employee will not assume any obligations to any third- party that would conflict with any of Employee’s obligation hereunder. Employee further agrees that, during the term of
Employee’s employment with the Company, Employee will not compete, and will not provide services to others who compete with the Company in the research, development, production, marketing or servicing of any product, process or service with
respect to which the Company is involved. 
  

	 	13.	Termination of Employment. 

  

	 	a)	Continuing Obligations. 

 Employee’s
obligations under Sections 8 through 11 of this Agreement will continue after any termination of Employee’s employment with the Company. 
  

	 	b)	Submission of Materials. 

 Upon any termination of
Employee’s employment with Company, Employee will submit to the Company all materials within Employee’s possession that constitute or include Confidential Subject Matter owned by the Company or held in confidence by the Company for any
third-party. 
  

	 	c)	Exit Interview. 

 Upon termination of
Employee’s employment with the company, Employee will attend an exit interview with an appropriate representative of the Company to review the continuing obligations of Employee hereunder. 
  

	 	14.	Miscellaneous. 

  

	 	a)	Binding-Effect/ Assignability. 

 This Agreement is
not assignable by Employee and will be binding upon Employee’s heirs, executors, administrators and other legal representatives. Employee agrees that the Company may freely assign this Agreement to any successor-in-interest of the Company.

  

	 	b)	Severability. 

 Should any provision of this
Agreement be determined by a court of competent jurisdiction to violate or contravene any applicable law or policy, such provision will be severed and modified to the extent necessary to comply with the applicable law or policy, and such modified
provision and the remainder of the provisions hereof will continue in full force and effect. 
  

	 	c)	Waiver. 

 Any delay or omission on the part of
Company to exercise any right under this Agreement will not automatically operate as a waiver of such right or any other right; and that a waiver of any right of the Company hereunder on one occasion will not be construed as a bar to or waiver of
any right on any future occasion. 
  

	 	d)	Controlling Law. 

 This Agreement will be
interpreted under and enforced in accordance with the laws of the State of Colorado. 
  

	 	e)	Modification. 

 This Agreement may only be modified
by the mutual written agreement of Employee and Company. 
  

	 	f)	Notices. 

 Any notice or communication required or
permitted to be given by this Agreement shall be deemed given and effective when delivered personally, or when sent by registered or certified mail, postage prepaid, addressed as follows (such addresses for giving of notice may be changed by notice
similarly given): 
 (i) If to the Company: 
 ADA-ES, Inc. 
 Attention: Human Resources 
 8100 SouthPark Way, Unit B 
 Littleton,
Colorado 80120 
 (ii) If to Employee: 
 Cameron E. Martin 
 2978 Raleigh Street 
 Denver, CO 80212 
  

	 	g)	Arbitration. 

 Any difference, claims or matters in
dispute arising between Employee and the Company out of this Agreement or connected with Employee’s employment shall be submitted by Employee and the Company to binding arbitration by a single arbitrator selected by the mutual agreement of the
parties from members of the Judicial Arbiter Group of Denver, Colorado, or its successor. The arbitration shall be governed by the rules and regulations of the Judicial Arbiter Group or it’s successor and the pertinent provisions of the laws of
the State of Colorado relating to arbitration. The decision of the arbitrator may be entered as a judgment in any court in the State of Colorado or elsewhere. The prevailing party shall be entitled to receive reasonable attorneys’ fees incurred
in connection with such arbitration in addition to such other costs and expenses as the arbitrator may award. 
  

	 	h)	At-Will Employment. 

 Employment
with the Company is at will, meaning that both the Company and the Employee have the right to terminate the work relationship at any time, without advance notice, and for any reason. 
  

	 	i)	Entire Assignment. 

 This Agreement together with
the exhibits hereto constitute the entire agreement between the parties and their affiliates with respect to the subject matter hereof, supersedes all prior and contemporaneous agreements or understandings relating to said subject matter, and no
amendment hereof shall be deemed valid unless in writing and signed by the parties hereto. 
 IN WITNESS WHEREOF, the parties have signed or
caused this Agreement to be signed by their duly authorized officers as of the day and year first above written. 
  

							
	ADA-ES, Inc.	  		  	
	By:	  		  		  	
				
	 /s/ C. Jean Bustard
	  		  	 2-28-08
	  	
	C. Jean Bustard, Chief Operating Officer	  		  	Date	  	
				
	 /s/ Cameron E Martin
	  		  	 2-28-08
	  	
	Cameron E. Martin, Employee	  		  	Date	  	

 EXHIBIT A 
 Projects to be pursued by Employee that are exempt from employee agreement: 
 Air pollution control consulting services including:

  

	 	•	 	 Inspections, field diagnostics and troubleshooting of air pollution control devices, systems, subsystems, and combustion systems 

  

	 	•	 	 ESP modeling 

  

	 	•	 	 Fuel impact evaluation 

  

	 	•	 	 Process engineering including sizing and design of air pollution control systems 

  

	 	•	 	 Cost estimating and economic analyses of air pollution control systems 

  

	 	•	 	 Expert testimony 

 Marketing analysis using the ESP /
power plant database developed by Cameron Martin prior to employment with ADA Technologies, Inc. 
 EXHIBIT B 
 ADA-ES Summary of Benefits - See attached document dated November 2007. 
 ADA-ES Employee Handbook 
 ADA-ES Code of Conduct 
  

  

			
	Exhibit B	  	

 ADA-ES, INC. 
 Summary of Employee Benefits 
 Following is a brief description of the benefits package that is offered by ADA-ES,
Inc. These benefits are subject to change at any time. The provisions of the official plan documents, in addition to ADA-ES policies, shall govern in the event of any differences or discrepancies. This summary is intended to be a brief overview of
the benefits currently offered by ADA-ES and is not a comprehensive source of information concerning exceptions, limitations, and eligibility requirements. All employees are encouraged to periodically review the Employee Handbook and the group
insurance benefits for a more complete explanation of the benefits. This summary does not constitute a contract between ADA-ES employees and the company. 
 Note that employee shares a portion of the cost of some of the benefits described. Eligibility requirements and enrollment dates may be different for each benefit. 
 Holidays (10 per year) 
 New Year’s Day 
 Memorial Day 
 Independence Day 
 Labor Day 
 Thanksgiving Day 
 Day After Thanksgiving Day 
 Christmas Eve 
 Christmas Day 
 And Two Floating Holidays 
 ADA-ES reserves the right to change the holiday schedule. See the Human Resources Manager for current year holiday designations. 
 Vacation 
 Full-time employees scheduled to work 40+
hours weekly are entitled to 12 days of vacation per year for the first three years of employment with ADA-ES. Vacation time is increased to 15 days after 3 years, 20 days after 10 years, 25 days after 15 years and 30 days after 20 years.

 Employees are asked to reserve vacation time through their supervisor at least 15 days in advance. Vacation requests are subject to the approval of the
supervisor. 
 Sick and Personal Days 
 Full-time employees scheduled to work 40+ hours weekly may receive up to 8 Sick and Personal (S&P) days per year. Part-time employees receive prorated Sick and Personal days. S&P days are not designed to be used in place of
vacation. Please refer to the Sick and Personal Days Policy in the ADA-ES Employee Handbook. 
 Health Insurance Benefits 
 Eligibility: New full-time employees are eligible to participate in both the medical and dental plans beginning on the first day of the month following their date
of hire.  
 Medical Plan: Great-West Healthcare. 
 Employees may choose the PPO Base Plan coverage, the High Deductible Healthcare Plan (HDHP) with Health Savings Account (HSA), or no coverage. Option coverage details are attached. 
 Health Savings Account (HSA): 
 If an HDHP is elected, an HSA will be
opened for the employee. This interest bearing checking account comes with a debit card, allows for pre-tax deposits up to the annual limit, and may be used to pay for pre-tax medical and dental expenses as outlined in IRS Publication 502.

 Contributions may be made to the account by ADA-ES. Currently ADA-ES contributions are made on or around the first day of each month as follows:

  

							
	 ADA-ES
 Contribution
	  	Monthly
Contribution	  	Annual
Contribution
	 Employee
	  	$	 35.45	  	$	 425.46
	 Employee & Spouse
	  	$	 74.85	  	$	 898.14
	 Employee & Child
	  	$	 64.11	  	$	 769.28
	 Employee & Family
	  	$	109.82	  	$	1,317.89

 Employees may also make additional pre-tax deposits to the account up to the annual limit through bi-weekly
payroll deductions. 
 Prescription Drug Program: 
 Both
plans include a tiered co-pay program to be used for prescription drug purchases. If the HDHP is elected, the deductible must be met before this benefit begins. 
 Other Health Benefits: 
 Also included in both plans, benefits are provided for mental disorders, chemical dependence, and alcoholism. See
the attached plan documents or the Human Resources Manager for details. 
 Employee Medical Plan Premium Contributions: 
 Employee contributions for medical, prescription and other health benefits through bi-weekly payroll deduction are as follows: 
  

							
	 	  	Base Plan	  	HDHP
	 Employee
	  	$	21.21	  	$	0
	 Employee & Spouse
	  	$	44.77	  	$	0
	 Employee & Child
	  	$	38.35	  	$	0
	 Employee & Family
	  	$	65.69	  	$	0

  

 November 2007 

			
	 ADA-ES, Inc.
	  	Employee Benefits Summary

  

 Dental Benefits: 
 Dental Plan: Reliance Standard (PPO) Benefits coverage is outlined on the attached sheet. 
 Employee contributions
for dental benefits through bi-weekly payroll deduction are as follows: 
  

				
	 	  	Dental Plan
	 Employee
	  	$	1.83
	 Employee & Spouse
	  	$	3.73
	 Employee & Child
	  	$	3.91
	 Employee & Family
	  	$	5.81

 The maximum payment limit for each employee and each dependent is $1,500/person/calendar year. Also, new employees
waiving coverage at the time of initial eligibility may incur penalties by enrolling at a future date. 
 Note: On an annualized basis, no employee will pay
more than 3.6% of base salary for the employee contribution for standard medical and dental benefits. Added benefits are at the employee’s discretion and at additional cost to the employee. 
 Compensation Time 
 This benefit may be available to
exempt, salaried technical employees, with supervisor or project manager pre-approval. If approved, compensatory time will be awarded for time worked in excess of 40 hours. 
 Life Insurance Benefits 
 Scheduled Benefits: 
  

	 	•	 	 $50,000 for those under age 70 

  

	 	•	 	 $5,000 for spouse 

  

	 	•	 	 $1,000 for children over 6 months 

  

	 	•	 	 $500 for children 15 days to 6 months 

 Accidental Death and Dismemberment (AD&D) 
 Accidental Death benefits equal $100,000 ($50,000 Life and $50,000 AD&D).
Scheduled benefits apply in the case of dismemberment. Check the Group Insurance Benefits handbook for specific information. This benefit applies to employees only. 
 Short-Term Disability Insurance 
 ADA-ES provides short-term disability insurance that is paid by the
company. The plan pays 60% of an employee’s salary up to $1,500 per week for the first 13 weeks of disability. 
 Long-Term Disability
Insurance 
 The long-term disability plan pays 60% of an employee’s salary up to $6,000 per month after short-term disability payments
terminate. 
 Travel Accident Insurance 
 In
addition to the AD&D insurance benefit listed above, an additional $500,000 would apply for a business travel related death of the employee. Additional dismemberment benefits could apply for business travel related injuries. 
 Travel Assistance Program 
 The program includes a
comprehensive range of information, referral, coordination and arrangement services designed to respond to most medical care situations and many other emergencies while traveling. 
 Supplemental Insurance 
 Employees may elect to purchase supplemental insurance products through AFLAC
at discounted rates. Payment to the program is made through bi-weekly payroll deduction. Some of the products offered include: 
  

	 	•	 	 Personal Accident Expense Plan 

  

	 	•	 	 Personal Cancer Protection Plan 

  

	 	•	 	 Life Insurance (Adult and Children) 

  

	 	•	 	 Personal Recovery (Heart) Plan 

  

	 	•	 	 Hospital Indemnity Plan 

  

	 	•	 	 Supplemental Vision Plan 

 Other plans offered by
AFLAC are available to employees. If interested in more information, contact the Human Resources Manager. 
 ADA-ES Retirement Plan 

 The ADA-ES Retirement Plan is a 401(k) administered by American Funds. A list of the investments available for selection is shown below: 
  

	1.	American Funds Target Fund (9 funds; selected fund is based on age to retirement) 

  

	2.	American Funds Cash Management Trust of America R-2 

  

	3.	American Funds Capital World Growth and Income Fund 

  

	4.	American Funds Fundamental Investors R-2 

  

	5.	American Funds Capital Income Builder R-2 

  

	6.	American Funds Growth Fund of America 

  

	7.	American Funds Small Cap World F 

  

	8.	American Funds American High Income Trust R-2 

  

	9.	American Funds New World R-2 

  

	10.	Oppenheimer International Bond 

  

	11.	Franklin Mutual Beacon C 

  

	12.	Franklin Mutual European C 

  

	13.	Alliance Bernstein Bond: Corp. Bond C 

  

	14.	AIM Energy C 

  

	15.	Oppenheimer Gold & Special Minerals C 

 Plan is composed of three
elements: 401(k) Employee Contributions, 401(k) ADA-ES Matching Contributions, and Profit Sharing. 
 Part I: 401(k) – Elective Contributions

 Full-time employees may begin contributing to their 401(k) Employee Contributions account immediately upon employment. An employee can elect to defer
up to the IRS limit for such contributions. The contribution is made on a “before-tax” basis in order to reduce the employee’s taxable compensation. These funds are fully vested at all times. If you are over age 50, see the Human
Resources Manager for the ability to make “catch-up” contributions. 
  

 November 2007 

			
	 ADA-ES, Inc.
	  	Employee Benefits Summary

  

 Part II: 401(k) – ADA-ES Matching Contributions 
 ADA-ES will contribute 100% of an employee’s 401(k) contribution up to a maximum of 5% of salary into the 401(k) Employers Contribution account. Employees are
eligible to begin receiving these contributions following the 1-year anniversary of employment. Funds in this account are vested based on the 2-20 rule, where employees are vested at 20% after 2 years of service, 40% after 3 years, 60% after 4
years, 80% after 5 years, and 100% after 6 years. These contributions are normally made in cash. 
 Part III: Profit Sharing 
 See the Profit Sharing Plan for more details. 
 Profit Sharing Plan

 Eligible employees may earn additional cash, stock or 401K contributions at the end of each calendar year. Each employee’s share is
derived as a calculation based on ADA-ES net earnings before taxes. 50% of the earned allotment is applied to the ADA-ES Retirement Plan, 20% is awarded as a company wide distribution of cash or stock, and 30% is a cash or stock award based on
employee performance. 
 Restricted Stock Awards 
 At the discretion of the Board of Directors, new employees may be awarded a restricted stock offering value of up to 10% of their base salary. Additionally, those employees that have completed 5 years of service may be awarded additional
restricted stock. 
 Automatic Payroll Deposit 
 ADA-ES will automatically deposit an employee’s pay, or portions of pay to employee-directed accounts (savings accounts, checking accounts, credit union, etc.). The receiving institution must have a direct-deposit option for account
holders. 
 Matching Gift Program 
 Full and
regular part-time employees with one year of service are eligible to obtain up to $200 in matching gifts for contributions made by the employee to eligible 501(c)3 non-profit organizations 
 Credit Union 
 The company is a member of the Bellco
Credit Union. Employees may elect to become a member at their discretion. 
  
  
  

 November 2007

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