Document:

EX-4.11

 Exhibit 4.11 

English Translation of Chinese Original 

Crude Oil Mutual Supply 

Framework Agreement for Year 2018 

between 
 PetroChina
Company Limited 
 and 

China Petroleum & Chemical Corporation 

January 2018 

 Crude Oil Mutual Supply Framework Agreement for Year 2018 

PetroChina Company Limited (“PetroChina”) and China Petroleum & Chemical Corporation (“Sinopec”), following
friendly consultations, have reached consensus on mutual supply of crude oil in the year of 2018 and hereby enter into this Agreement (this “Agreement”). 
  

	I.	Mutual Supply and Cross Supply of Crude Oil 

  

	 	1.	Mutual supply of crude oil: In 2018, PetroChina shall supply Sinopec with 1.09 million tons of domestic onshore crude oil, including 0.63 million tons of crude oil produced at the Changqing Oil Region,
0.30 million tons of crude oil produced at the Jizhong Oil Region, 0.13 million tons of crude oil produced at the Erlian Oil Region and Tamtsag Oil Region, and 30,000 tons of crude oil produced at PetroChina Zhejiang Exploration Company.

 In 2018, Sinopec shall supply PetroChina with 1.574 million tons of domestic onshore crude oil, including
0.40 million tons of crude oil produced at the Chunguang Oil Region, 0.24 million tons of crude oil produced at the Chunfeng Oil Region, 0.89 million tons of oil produced at the Tahe Oil Region, 34,000 tons of crude oil produced at
the Yanqi Oil Region, and 10,000 tons of crude oil produced at the condensate unit of Sinopec Southwest Company.  
  

	 	2.	The parties hereto shall, in principle, make available crude oil of the above supply and take delivery thereof on an evenly distributed basis. The quarterly mutual supply of crude oil may be adjusted as necessary by
mutual agreement thereon and in light of the availability of crude oil resources, price and the State’s macro-economic planning requirements. 

  

	II.	Quality of Crude Oil 

 Matters with respect to the quality of the crude oil to be
supplied hereunder shall be handled pursuant to applicable provisions of SY7513-88 Technical Conditions of Crude Oil at Wellhead. 
  

	III.	Quarterly Supply Agreements; Sales and Purchase Contracts on an Enterprise-by-Enterprise Basis 

The parties hereto agree that quarterly supply agreements shall be entered into by and between the Production Management Department of
PetroChina and the Production Management Department of Sinopec in accordance with this Agreement. After the quarterly plans have been issued to the respective subsidiaries, PetroChina’s relevant regional companies (including its oil fields,
refineries and pipeline companies) and Sinopec’s relevant subsidiaries (including its oil fields and refineries) will enter into specific sales and purchase contracts with each other. The total quantities and varieties of crude oil to be
supplied under such contracts shall be consistent with those specified under the above quarterly supply agreements. 
  

	IV.	Price of Crude Oil 

 The price of crude oil to be supplied hereunder shall be settled on
the basis of the benchmark crude oil price and the crude oil premium mutually agreed between the parties. 
  

	V.	Payment Guarantee 

 Payment of the price of crude oil to be supplied hereunder shall be
made on a timely basis and pursuant to the principles agreed upon by the parties hereto. PetroChina and Sinopec agree to be guarantors, and to assume joint and several guarantee liabilities for the failure of timely payment of the price of crude oil
and other amounts payable by their respective oil refineries. The payer shall make timely payments to the payee upon receipt of and pursuant to the payment notice. 

  
 1 

	VI.	Miscellaneous 

  

	 	1.	Both parties undertake that their subsidiaries will perform this Agreement strictly in accordance with the terms hereof while maintaining the free flow of the downstream operations of their respective oil field
enterprises. Any issues not covered hereunder shall be resolved through consultations between the parties hereto. 

  

	 	2.	This Agreement shall be executed in four counterparts, with each of PetroChina and Sinopec to hold two. This Agreement shall remain effective from January 1, 2018 to December 31, 2018. 

 

							
	 Production Management Department,

PetroChina Company Limited (chopped)
	 	 Production Management Department,

China Petroleum & Chemical Corporation (chopped)

 

	 By:
	 	  
	 	By:	  	  

  
 2EXHIBIT 10.1

 

April
17, 2018

 

Nicol
G. Graham

4905
Wedgewood Drive

Bellaire,
TX 77401

 

Re:
Retirement and Consulting Agreement

Dear
Nic:

This
letter agreement (“Agreement”) sets forth the terms and conditions of your retirement from Houston Wire & Cable
Company (“Company”) on April 16, 2018, and your subsequent consulting arrangement with the Company. In consideration
of the mutual promises in this letter agreement, you and we hereby agree to the following:

1.       Retirement.
You will retire from your position as Vice President and Chief Financial Officer of the Company on April 16, 2018 (“Retirement
Date”). You will be paid for all unused accrued vacation and personal days through your Retirement Date. All unvested shares
of restricted stock will vest on your Retirement Date.

2.       Resignations.
Effective on your Retirement Date, you will resign from any and all officer or director positions which you hold with the
Company or any of its subsidiaries or related companies.

3.       Consulting
Arrangement. Although it has no obligation to do so, in consideration of your execution and non-revocation of this Agreement,
the Company agrees as follows:

(a)       Beginning
April 16, 2018 and ending April 15, 2019 (the consulting period), you will serve as a consultant to the Company. You will not
be considered an employee of the Company and you will not have the right or authority to enter into agreements on behalf of the
Company or to assume or create any obligation or liability on behalf of the Company.

(b)       You
will make yourself available to provide consulting services to the Company, as requested by James Pokluda or Christopher Micklas.
It is anticipated that these consulting services will include: transition support for the Company’s new Chief Financial
Officer and special financial, accounting or other projects requested of to you by Mr. Pokluda. In the event that Mr. Micklas
is unable to perform his duties, you agree that you will resume your role as Chief Financial Officer for a period not to exceed
one year and you will be eligible for any bonus which would otherwise have been paid to Mr. Micklas.

(c)       The
Company will pay you $21,180.53 per month as a fee for your consulting services.

    

    

    

Nicol
G. Graham

April
17, 2018

Page
2

(d)       It
is anticipated that during the term of the consulting period you will not be required to work any specific number of hours. You
will determine the means and methods by which you will accomplish the tasks you agree to accept. You agree that any and all products
of the services you perform under this Agreement shall be the sole and exclusive property of the Company from and after the time
any such products are created.

(e)       During
the term of the consulting period, the Company will provide you with the following:

(i)       General
administrative/secretarial support.

(ii)       Reimbursement
of the differential between the COBRA cost for continuation benefits and the amount you currently pay for medical and dental insurance
benefits, if you elect COBRA coverage.

(iii)       Reimbursement
of necessary business expenses, including cell phone and laptop expenses.

(iv)       Access
to the Company’s network through use of your Company issued laptop. You may retain the laptop at the end of the consulting
period after the Company has had the opportunity to remove all Company information from it.

(v)       Continued
use of your Company car under the existing program and a Wright Express fuel card during the consulting period. You may purchase
the Company car at the end of the consulting period or return it to the Company in good condition.

(f)       The
Company will furnish you with an IRS Form 1099 in accordance with applicable law.

(g)       You
will remain subject to the Company’s Insider Trading Policy to the same extent as a Company employee.

4.       Non-Competition.
You will continue to be bound by the noncompetition provisions of the Employment Agreement that you signed on February
12, 2007, a copy of which is attached hereto. You agree that for one year following termination of the consulting period, you
will not, without the express written consent of the Company, either alone or as a consultant to, or partner, employee, officer
or director of any organization, engage in any business activity in competition with the Company’s businesses.

5.       Confidential
Information/Trade Secrets. You acknowledge that you continue to be bound by the confidentiality and intellectual
property provisions of the Employment Agreement that you signed on February 12, 2007, a copy of which is attached hereto, and
any other agreements or provisions concerning your use or disclosure of confidential information to provide the greatest protection
of Confidential Information available under law. This paragraph is not intended to replace any statutory rights and protections
applicable to the unauthorized use or disclosure of trade secrets and confidential proprietary information.

    

    

    

Nicol
G. Graham

April
17, 2018

Page
3

Nothing
herein shall prohibit you from (i) reporting a suspected violation of law to any governmental or regulatory agency and cooperating
with such agency, or from receiving a monetary recovery for information provided to such agency, (ii) testifying truthfully under
oath pursuant to subpoena or other legal process or (iii) making disclosures that are otherwise protected under applicable law
or regulation. However, if you are required by subpoena or other legal process to disclose Confidential Information, you first
shall notify the Company promptly upon receipt of the subpoena or other notice, unless otherwise required by law.

6.       Non-Admission.
Nothing in this Agreement is intended or should be construed as an admission that you or the Company engaged in any unlawful
or wrongful conduct.

7.       Release.
You do hereby fully, finally and unconditionally release and forever discharge the Company and all of its affiliated companies,
and all of their former and current directors, officers, employees, agents and assigns, in their personal and corporate capacities,
from any and all liabilities, actions, causes of action, claims, rights, obligations, damages, costs, attorneys’ fees, suits
and demands of any and every kind, known and unknown, liquidated and unliquidated, absolute or contingent, at law or in equity,
enforceable under any local, state or federal statute or ordinance, or under the common law of the United States or any state,
arising out of or related to your employment or retirement from employment, including but not limited to claims for benefits under
the Company’s policies and procedures or handbooks, or the Employee Retirement Income Security Act of 1974, as amended,
any claims of harassment or discrimination based upon race, age, color, national origin, ancestry, religion, marital status, sex,
sexual orientation, citizenship status, medical condition or disability under Title VII of the Civil Rights Act of 1964, the Civil
Rights Act of 1991, the Americans With Disabilities Act, Section 1981 of the Civil Rights Act of 1866, the Worker Adjustment and
Retraining Notification Act, the Age Discrimination in Employment Act of 1967, as amended, or any other federal state or local
law prohibiting discrimination in employment; claims of breach of implied or express contract, breach of promise, misrepresentation,
negligence, fraud, estoppel, defamation, infliction of emotional distress, violation of public policy, wrongful or constructive
discharge, or any other employment related tort; except only (i) your right to enforce the terms of this Agreement and (ii) the
rights described in paragraph 5. This release does not waive your right to file an administrative charge of discrimination, but
you agree to waive all claims for damages or other relief. Nothing in this release requires you to release rights or claims that
may arise after this Agreement is executed or which cannot be waived.

8.       Severability.
If any provision of this Agreement is, in whole or in part, illegal or unenforceable under applicable law or public policy,
then only such illegal or unenforceable part shall be void and of no effect, and the balance of this agreement shall be construed
to give effect to the intent of the parties to the greatest possible extent.

9.       Binding
Effect. This Agreement is binding upon you, your heirs, executors, administrators, successors and assigns.

10.       Entire
Agreement. This Agreement and the attachment hereto contain the entire understanding of the parties with respect to the
matters addressed herein, and supersede all other agreements or communications regarding such matters, including other policies
of the Company governing retirement of employment.

    

    

    

Nicol
G. Graham

April
17, 2018

Page
4

11.       Choice
of Law. This Agreement shall be governed by, and construed in accordance with, the laws of the State of Texas, without
regard to its conflict of law rules.

12.       Knowing
and Voluntary. Further, in consideration of the promises of the Company referred to in this Agreement, you intend to waive
and release all claims identified in paragraph 7, including claims that you may have under the Age Discrimination in Employment
Act of 1967, as amended, 29 U.S.C. Section 620 et seq., to the fullest extent permitted by law in accordance with Title
II of the Older Workers Benefit Protection Act of 1990, Public Law 101-433. In furtherance of this intention, you acknowledge
and understand that:

(a)       You
may take 21 days (until May 8, 2018) to consider and execute this Agreement.

(b)       Within
7 days after you execute this Agreement, you will have the right, by providing written notice to James Pokluda, to revoke your
acceptance of this Agreement. This Agreement will not become effective until after the revocation period expires.

(c)       You
are receiving consideration for this Agreement in addition to that which you otherwise would be entitled.

(d)       You
enter into this Agreement voluntarily, knowingly and without duress.

(e)       You
are advised to consult with an attorney prior to executing this Agreement.

Please
indicate your agreement by signing and returning this Agreement by May 8, 2018.

Very
truly yours,

 

HOUSTON
WIRE & CABLE COMPANY

 

	By:	/s/ James L. Pokluda III
	Name:	James L. Pokluda III
	Title:	President & CEO
	Date:	April 17, 2018
	 	 
	Acknowledged and Agreed:
	By:	/s/ Nicol G. Graham
	Name:	Nicol G. Graham
	Date:	April 23, 2018

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