Document:

J-W Power Company

  	
   

  	
   

  
	
  P.O. Box 226406

  Dallas, TX 75222-6406

  (972) 233-8191

  	
   

  	
  

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

Exhibit 10.1

MASTER GAS COMPRESSION
CONTRACT

	
  Customer:

  	
  PRB Gathering, Inc

  	
   

  	
  Effective Date:

  	
   

  	
  January 24,
  2007

  	 

	
   

  	
  1875 Lawrence street

  	
   

  	
  Reference Number:

  	
   

  	
  07SM0101-01

  
	
   

  	
  Suite 450

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Denver, Colorado 80202

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Attention:

  	
  Tim Pimmel

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
								

 

J-W Power Company
(“J-W”) is pleased to submit this proposal to furnish GAS
COMPRESSION SERVICES on a contract basis as specified herein:

1.               The services and
equipment to be furnished by J-W and the equipment, supplies, and services to
be furnished by the Customer are as specified in Attachment “B” page 2 of
3.

2.               Availability,
operating conditions, and contract rates, will be specified in Attachment “A”
as an attachment to this master agreement. 
An Attachment “A” will be submitted and executed for each compressor
added to the master contract.  An example
of Attachment “A” is attached hereto as Exhibit A.

3.               This proposal is
made subject to the terms and conditions on Attachment “C” attached
hereto.  Please indicate your acceptance
in the space provided below and return it to us. This proposal becomes the
Master Gas Compression Contract effective only upon acceptance by J-W, to be
evidenced by its signature last provided below.

We appreciate the
opportunity to be of service to you.

	
   

  	
   

  	
  Very truly yours,

  
	
   

  	
   

  	
  J-W POWER COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:   James Barr

  
	
   

  	
   

  	
   

  
	
  PRB GATHERING, INC.

  	
   

  	
  J-W
  POWER COMPANY

  
	
   

  	
   

  	
   

  
	
  /s/ W. F. Hayworth

  	
   

  	
  /s/ James R. Barr

  
	
  (name)

  	
   

  	
  (name)

  
	
   

  	
   

  	
   

  
	
  William F. Hayworth

  	
   

  	
  James R. Barr

  
	
  (print)

  	
   

  	
  (print)

  
	
   

  	
   

  	
   

  
	
  President

  	
   

  	
  Corporate Sales
  Manager

  
	
  (title)

  	
   

  	
  (title)

  
	
   

  	
   

  	
   

  
	
  2/11/07

  	
   

  	
  2/12/07

  
	
  (accepted & agreed to this date)

  	
   

  	
  (accepted &
  agreed to this date)

  

 1
 

 

GAS COMPRESSION PROPOSAL

EXAMPLE OF ATTACHMENT “A”

	
  Customer:

  	
  PRB Gathering, Inc

  	
   

  	
  Effective Date:

  	
   

  	
  January 24, 2007

  	 

	
   

  	
  1875 Lawrence St., Suite 450

  	
   

  	
  Reference Number:

  	
   

  	
  07SM0103-01

  
	
   

  	
  Denver, CO 80202

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
								

 

	
  Location Name:

  	
   

  	
  Antelope Valley Booster #1

  
	
  Location (Sec.T,R or
  GPS)

  	
   

  	
  49N, 72W, Section 26

  
	
  County:

  	
   

  	
  Campbell

  
	
  State:

  	
   

  	
  Wyoming

  
	
  Field:

  	
   

  	
  Gap Field

  

 

Equipment Description

One(1) J-W Model WA-1680-3 skid mounted natural
gas compressor package consisting of the following components:

Serial#C-12841/1

	
  Compressor Frame:

  	
   

  	
  Ariel JGK/4

  	
   

  	
  Driver:

  	
   

  	
  Waukesha 7044

  
	
  Cylinder(s):

  	
   

  	
  12-1/2” & 9-5/8” &
  6-1/2” x 2”

  	
   

  	
  Horsepower:

  	
   

  	
  1680 HP

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

Operating Conditions and Contract Rates

	
  Service:

  	
   

  	
  Dry Sweet Natural Gas

  
	
   

  	
   

  	
  BTU Content

  
	
   

  	
   

  	
  Specific gravity

  
	
   

  	
   

  	
  Min. Suction Press (psig)

  
	
   

  	
   

  	
  Max, Discharge Press (psig)

  
	
   

  	
   

  	
  Performance, mmscfd

  
	
   

  	
   

  	
  (per J-W Compressor performance
  data)

  

 

	
  Monthly Minimum Rate (billed in
  advance)

  	
   

  	
  $29,555.10

  
	
  Maintenance and Supplies (as specified on
  Attachment ‘B’)

  	
   

  	
  as noted on MSA

  
	
  Environmental / Safety Surcharge (1-1/2% of
  total rental rate)

  	
   

  	
  $443.33

  
	
  Daily Surveillance
  provided by

  	
   

  	
  Customer

  

 

Term:   The primary term is (60) Sixty months guaranteed
and non-cancelable from and after the commencement of contract rates.  Contract rates shall commence on January 24,
2007.  J-W agrees to make equipment
available for delivery on request.  Upon
default or request for assignment by PBR Gathering, Inc. all amounts become due
under this agreement.  Consent for
assignment will not be unreasonably withheld by J-W as long as assignee accepts
remaining contract rental term and J-W terms and conditions.

Special Conditions:

J-W Power Company guarantees to provide 95% mechanical availability
monthly on a mechanical on line time basis, excluding preventative maintenance
time.  Also excluded is downtime
associated with upstream and downstream problems with the customer’s site or
plant equipment.  Should J-W fail to
provide 95% mechanical availability during any month, J-W will reduce that
month’s invoice 1% for each 1% below the 95% guarantee.  Time will start 4 hours after J-W is notified
of the nature of the failure.  Downtime
credit must be requested in writing with sufficient documentation by the 15th day of
the succeeding calendar month.  Credit
will be issued monthly.

Startup services will be provided on a time and material basis.

Standby rent for
this compressor will be billed at a rate of 75% of the monthly rental rate.

 2
 

Contract rates will not be escalated for this unit in
the first 24 months of the contract.  The
first contract escalation will occur on January 1, 2009.  Rates will be adjusted per Terms &
Conditions of Master Service Agreement, page 3, item #2.

	
  PRB GATHERING, INC.

  	
   

  	
  J-W POWER
  COMPANY

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (name)

  	
   

  	
  (name)

  
	
   

  	
   

  	
   

  
	
  (print)

  	
   

  	
  (print)

  
	
   

  	
   

  	
   

  
	
  (accepted & agreed to this date)

  	
   

  	
  (accepted &
  agreed to this date)

  

 

 3
 

GAS COMPRESSION PROPOSAL

ATTACHMENT “B”

J-W and Customer agree to furnish the machinery,
equipment, tools, materials, supplies, instruments, services, and labor at the
location and at the expense of the party as designated below.

J-W Power Will Furnish:

Compression Machinery per Attachment
“A”

Accessories and
Equipment per Attachment “A”

Portable concrete
foundation for compressor, if necessary for 18-280 Hp

Provide environmental drip lip on compressor skid with drains at either
end of skid to contain drips and runoff liquids from compressor unit and pipe
liquids from scrubber dumps and drain lines to edge of skid

Compressor
installation supervision

Initial
start up supervision

Compressor
maintenance, repairs and replacement parts

Property
damage insurance on J-W equipment excluding customer negligence

Engineering Support

Customer Will Furnish:

Adequate roads, grade jobsite, fences, gates

Gas sweetening, dehydration,
liquids storage

Removal of free solids and
liquids, before compression

Disconnection and removal of
equipment

Site restoration

Charges for use of equipment
and operator to load, unload, or set compressor

For
Electric Compressors, motor starter, electrical switchgear panel and electrical
labor

Concrete
foundation for compressor, if necessary 300 HP and above

Gas
piping from customer’s connection point to J-W’s connection point at the
compressor skid

Fuel/power,
starting gas/air, relief valve vents & starter gas exhaust piping beyond J-W’s
termination point

Pipe, contain and dispose of
waste and water runoff from environmental containment rails

State and local sales taxes

Ad Valorem taxes (Including the
Rendering of Ad Valorem taxes if required by State Law)

Flow and Suction Pressure
Control Equipment & Bypass Circuit

Fuel & Start Gas
Regulator  (Supply @ 150 Psig)

Engine
exhaust emissions permits, construction/building permits and licenses and
waivers required for operation of the compression equipment

Daily Surveillance and operation, monthly reporting of
operating conditions

	
  

  	
   

  	
   

  

 

Callouts
due to problems not resulting from failure of J-W machinery will be paid by
customer at J-W’s  published rates.   J-W services not included above will be
charged at its published rates.

Special Provisions:

 4
 

GAS COMPRESSION PROPOSAL

ATTACHMENT ‘C’

Terms And Conditions

The proposal made on the preceding pages is subject to the following
terms and conditions:

1    The prices quoted herein shall remain effective for 30
days.  Thereafter a new quotation should
be obtained.

2.   The
contract rates shall be adjusted as of the first day of January each year.  The adjustment shall be computed by
multiplying the rates currently in use by the percentage increase or decrease
in the U.S. Bureau of Labor Statistics Producer Price Index 1141-Pumps,
Compressors and Equipment for the last twelve (12) month period (November
through November) compared to the preceding twelve (12) month period.  The adjustment so calculated shall be added
to or subtracted from, as applicable, the then prevailing rate to determine the
adjusted rate to be effective January 1st.  This
adjustment does not preclude other adjustments as may be required with prior
notice to customer by J-W due to increases in cost of services rendered.

3.   Upon expiration of the primary term, this contract shall
continue thereafter in full force and effect on a month-to-month basis subject
to cancellation by prior written notice of thirty (30) days given by either
party.

4.   Upon termination of this contract by either party, upon default
by the Customer, or upon violation by the Customer of any of the terms or
conditions contained herein, J-W, at its option and without waiving any
available remedies, may enter the premises where the equipment is located and
remove same with reasonable prior notice given by J-W.

5.   Contract charges shall be payable monthly in advance upon
receipt of invoices from J-W, and if not paid within thirty (30) days from
invoice date shall bear interest at a rate equal to the lesser of (a) 18% per
annum or (b) the maximum rate permitted by applicable law.

6.   Title to the equipment furnished by J-W shall remain
exclusively in J-W without any right, title, or interest vesting in the
Customer.  The Customer agrees not to
take any action, or permit others to take any action that would subject J-W’s
equipment to any claim, lien, or encumbrance, and further agrees to protect,
indemnify, and hold harmless J-W from any adverse claim of title to such
equipment **(see note on next page).

7.   In the event of default by Customer of any of the obligations
or payments required hereby, Customer agrees to pay to J-W its collection
expenses and its reasonable attorney’s fees incurred in enforcing any such
obligation and/or payment.

8.   This contract shall be governed by and construed under the laws of the
State of Texas, which shall also be the sites of all suits or actions connected
herewith.  Customer’s obligations hereunder, including
payment, are performable at, and must be made to, J-W, P.O. Box 226406, Dallas,
Texas 75222-6404 or to such other address provided by invoice or notice from J-W.

9.   Unless caused by J-W’s (or J-W’s agents or sub-contractor’s)
gross negligence, J-W shall not be responsible or liable for pre-existing (or
post J-W operations) location site environmental contamination of soil or
water.  Customer bears responsibility for
disposal of liquids, solid and hazardous waste discharged by the equipment at
the location in accordance with all applicable rules, regulations and laws of
all governing bodies.  Customer will
maintain liability insurance in at least the minimum amount required by good
business practices.

10.   J-W makes no guarantee of the effectiveness of the products,
supplies or materials, nor of the results of any service.

11.   To the extent allowed by applicable law, WARRANTIES OF
MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, OR ANY OTHER WARRANTIES, EXPRESS
OR IMPLIED, SHALL NOT APPLY HERETO, except as specifically provided
herein.  Customer’s remedies in the event
of any breach hereof or related hereto (whether contract, warranty or tort) are
limited to the consideration previously paid hereunder and IN NO CASE WILL J-W
POWER COMPANY or customer BE LIABLE FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES,
LOSS OF PRODUCTION OR ANY OTHER LOSS INCURRED BECAUSE OF INTERRUPTION OF
SERVICE.

12.   The Customer shall notify J-W in writing at least thirty (30)
days prior to: (I) any intended sale or other transfer of the property where
the equipment is located; or (ii) any change of operator on such oil and gas
property.  Nothing in this paragraph shall
be deemed to constitute the consent of J-W Power Company to any assignment of
this Contract by Customer or to any transfer of possession of the equipment.
Customer may not assign its right or obligations hereunder without the written
consent of J-W. Such consent will not be reasonably withheld.  In the event J-W consent is given, customer
shall be responsible for monthly contract invoice payments during the
transition period until new owner either accepts assignment or enters into
contract with J-W.

13.   INDEMNITY:  Each party agrees to
protect, defend, indemnify and hold the other harmless from and against any and
all claims, suits or causes of action (including attorney’s fees) for personal
injury, death or property damage to the extent that such claim, suit or cause
of action is attributable to or arises out of that party’s negligent acts or
omissions or the negligent acts or omissions of that party’s agents, employees,
subcontractors or invitees.  Each party
further agrees to support this indemnity obligation by liability insurance
coverage in at least the sum of one million dollars.  Neither party shall be liable to the other
for consequential damages.

14.   FORCE MAJEURE.  J-W
shall not be liable for any delay in or impairment of performance resulting in
whole or in part from acts of God, fires, floods or other catastrophes, strikes
or labor disruption, wars, riots, or embargo delays, shortages of transportation
equipment, fuel, labor or materials, weather conditions, lack of power,
limitation of access, or any circumstance or cause beyond the control of J-W in
the reasonable conduct of its business.

15.   There are no
representations, warranties or conditions, express or implied, except those
contained herein, and no agreements, representations or waivers collateral
hereto or not set forth herein shall be binding on either party, whether before
or after the date hereof, unless in writing and signed by the party to be
bound.  This agreement sets forth the
entire understanding between the parties with reference to the subject matter
hereof.  Waiver by either party of any
breach shall not be construed as a waiver of any other breach and the failure
to exercise any right arising from any default or breach shall not be deemed to
be a waiver of such right.  No partial
invalidity of this agreement shall affect the remainder.

 5Exhibit
10.22

SYMYX TECHNOLOGIES, INC.

2007 EXECUTIVE ANNUAL CASH INCENTIVE PLAN

The SYMYX Technologies, Inc.
2007 Executive Annual Cash Incentive Plan (the “Plan”) is intended to provide
an annual incentive whereby a significant portion of the selected executive’s
compensation is based on his or her efforts in achieving specified performance
objectives established for a given Year. The Plan is designed to attract,
motivate and retain key executives on a market-competitive basis in which total
cash compensation levels are closely linked with accomplishment of Symyx’s
financial and strategic objectives.

Definitions

Except as otherwise
specified or as the context may otherwise require, the following terms have the
meanings indicated below for the purposes of this Plan:

“Board” means the Board of
Directors of Symyx Technologies, Inc.

“Code” means the Internal Revenue Code of 1986, as
amended.

“Committee” means the Compensation Committee of the
Board or any such other Committee to which the Board delegates the responsibility
for administering the Plan. The Committee shall consist of two or more members
of the Board who are “outside directors” as defined in Code Section 162(m) and
the regulations thereunder.

“Disability” means disability as defined for purposes of Section
409A of the Code.

“Joint Venture” means any partnership designated by the
Committee where Symyx maintains 50% or more of the voting securities of the
venture or any such lesser percentage as the Committee may determine, in its
sole discretion.

“Layoff” means a termination which is not for cause
but rather is due to a permanent or indefinite reduction in the work force,
including, but not limited to, the elimination of a Participant’s position as a
result of a facility closure, discontinuance or relocation of operations,
acquisition, reorganization or sale (including the sale by Symyx of a business
unit, division, product line or functionally related group of assets).

“Participant” means an eligible employee of Symyx selected
for plan participation in accordance with the procedures set forth in this
Plan.

“Plan” means this Symyx Technologies, Inc. 2007
Executive Annual Cash Incentive Plan as set forth herein.

“Plan Year” or “Year” means the
fiscal year of Symyx

“Plan Compensation” means the amounts earned for the Year as a
consequence of the Plan.

“Retirement” has the meaning prescribed by the Symyx
401(k) Plan.

“Subsidiary” means any corporation designated by the
Committee in which Symyx owns an equity interest.

 1
 

“Symyx” means Symyx Technologies, Inc. and its
Subsidiaries and Joint Ventures.

Administration

The Committee is empowered
with the following duties related to the Plan: 
administer the Plan; interpret the Plan; propose, change, or eliminate
features of the Plan (including terminating the Plan); and determine the rights
and obligations of Participants under the Plan. The Committee may delegate
these activities as it solely determines. All decisions of the Committee shall
be final and binding upon all parties including Symyx, its shareholders, and
its participants.

Eligibility and Participation

Within the first 90 days of
each Year, the Committee shall identify in writing which Symyx executive
officers will participate in the Plan for such Year. Additions to the Plan
during a Year shall be made only in the event of a promotion or new hire of an
executive officer.

At the time of identifying
the executive officers to participate in the Plan for that Year, the Committee
shall also specify the objective formula on which the Plan Compensation will be
based.

Performance Criteria & Maximum Incentive

Plan Compensation will be
paid only upon the achievement of specific performance goals established by the
Committee, in writing, within the first 90 days of each Year.  In the case of a newly-hired or promoted individual
added to the Plan during a Year, specific performance goals must be set before
25% of such individual’s service to Symyx for the performance period
established for the individual has elapsed. Such performance goals may differ
for each Plan Year and will be based on one or more of the following
performance-based criteria:

	
  ·  Revenue

  	
   

  	
   

  
	
  ·  Gross margin

  	
   

  	
  ·  Return on equity

  
	
  ·  Operating income or margin

  	
   

  	
  ·  Return on assets

  
	
  ·  Earnings before interest, taxes,

  	
   

  	
  ·  Return on investments

  
	
      depreciation and amortization

  	
   

  	
  ·  Economic Value Added

  
	
  ·  Pre-tax profit

  	
   

  	
  ·  Market share

  
	
  ·  Net income

  	
   

  	
  ·  Increase in share price

  
	
  ·  Proforma net income

  	
   

  	
  ·  Total stockholder return

  
	
  ·  Earnings per share

  	
   

  	
  ·  Expenses

  
	
  ·  Cash flow

  	
   

  	
   

  
	
  ·  Relative or absolute share price

  	
   

  	
   

  

 

 2
 

Each of these performance criteria is to be
specifically defined by the Committee on a Symyx-specific basis or in
comparison with the performance with other companies in the same industry.  At the time the goals are established, the
Committee may provide that the specific performance targets will be adjusted to
exclude the effect of specified items of an unusual or nonrecurring nature, or
provide that no such adjustment will be made. 
The maximum annual incentive award payable under the Plan to a specific
Participant may not exceed one million five hundred thousand dollars
($1,500,000) for any given Plan Year. 
Lesser maximum target awards may also be established by the Committee
for each Participant.

The Committee, in its sole
discretion, may reduce or eliminate an earned award, but may not under any
circumstances increase such award.

Payments

Before any payments are made
under the Plan, the Committee must certify in writing that the performance
goals justifying the payment of Plan Compensation have been met. Amounts earned
under the Plan will generally be paid within two and a half months following
the close of the Plan Year to which the performance relates but in any event
will be paid by the December 31 following the end of the Plan Year to which the
performance relates.  Except as specified
in the next paragraph, the Participant must be an active employee of Symyx on
the last business day of the Plan Year in order to receive the payment of Plan
Compensation when it is ultimately made. 
Active employment will be determined by the Committee, in its sole
discretion.

Exceptions to this rule may
be made, in the Committee’s sole discretion, in the cases of death, Layoff,
Disability, or Retirement. The amount earned in the event of such an exception
shall be prorated and payment made no later than the payment for then-active
Participants for the affected Plan Year. If death, Layoff, Disability, or
Retirement occurs after the close of a Plan Year, but before payment is made
with respect to that Year, such event shall not affect the calculated bonus,
although the Committee retains in all cases its discretion to reduce or
eliminate the earned bonus amount.

Miscellaneous

No Contract or Guarantee of
Continued Employment.
Eligibility to participate in the Plan is not a guarantee of continued
employment. The Plan does not constitute a contract of employment, and Symyx
specifically reserves the right to terminate a Participant’s employment at any
time with or without cause and with or without notice or assigning a reason.

No Guarantee of Plan Compensation. Eligibility to participate in this Plan
does not guarantee the payment of Plan Compensation. Participants who have
accrued rights to Plan Compensation shall be general unsecured creditors of
Symyx and shall not have any interest in the income or assets of Symyx

Assignments and Transfers. With the exception of transfer by
beneficiary designation, will or by the laws of descent and distribution,
rights under the Plan may not be transferred or assigned.

Withholding Tax. Symyx will deduct from all cash payments
due to a Participant all non-U.S., federal, state or local income and
employment taxes required by law to be withheld with respect to such payments.

 3
 

Governing Law

The Plan shall be construed,
administered and governed in all respects under and by the applicable internal
laws of California, without giving effect to
the principles of conflicts of law thereof.

Plan Amendment and Termination

The Committee may, in its
sole and absolute discretion, amend, suspend or terminate the Plan at any time,
with or without advance notice to Participants. Notwithstanding the foregoing,
no amendment to the Plan shall be effective which would increase the maximum
award payable, which would change the specified performance objectives for
payment of awards, or which would modify the requirements as to eligibility for
participation unless the stockholders of Symyx shall have first approved such
change. Under no circumstances may the Plan be amended to permit the Committee
to increase the amount of the then-current Plan Year’s target award once the
performance goals for the Plan Year have been set.

Effective Date of the Plan

This Plan shall be effective
on the date it is approved by the shareholders of Symyx.  This approval must occur within one year
after approval by the Board. Any grant of Plan Compensation prior to the
approval by the shareholders of Symyx shall be void if such approval is not
obtained.

 

 4

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