Document:

Exhibit 10.33

Exhibit 10.33 Patrick Johnson
Employment Agreement as Amended

EMPLOYMENT AGREEMENT

            THIS EMPLOYMENT
AGREEMENT (the "Agreement") is made this 3rd day of April, 2000, between
Pro-Dex, Inc., a Colorado corporation ("Pro-Dex" or the Company), and Patrick
Johnson, ("Employee") with reference to the following facts:

            A.        Pro-Dex, Inc.
is a holding company with interests in the dental products manufacturing and
distribution, and motion control industries.  The Company's principal offices
are located at 650 S. Taylor Ave., Suite 20-A, Louisville, CO  80027.

            B.         The Company
desires to employ Employee as the Vice President and General Manager of its
Micro Motors, Inc. subsidiary and Employee desires to accept such employment
subject to the terms and conditions of this Agreement.

            NOW, THEREFORE, in
consideration of the facts recited above, the covenants contained in this
Agreement, and other valuable consideration, the parties agree as follows:

            1.         EMPLOYMENT,
The Company employs the Employee, and the Employee accepts such employment, in
the capacity of Vice President and General Manager of Micro Motors, Inc. and to
perform such other duties consistent with such status as may be determined and
assigned from time to time by the Chief Operating Officer or Chief Executive
Officer of the Company.

            2.         DUTIES. 
Employee shall perform all services, acts or other things necessary or
advisable, and as may be determined and assigned from time to time by the Chief
Operating Officer or Chief Executive Officer of the Company, to manage the
business of Micro Motors and have general supervision, direction and control
over the business and affairs of Micro Motors and its employees, subject to the
control of the Chief Operating Officer or Chief Executive Officer of the
Company.

            3.         STANDARD OF
PERFORMANCE.  Employee aggress that at all times during the Employment Term
(defined herein) he will diligently, competently, and to the best of his
ability and experience, perform all of the services and duties that are
required as General Manager to Micro Motors, as the same as described on the
attached Exhibit B, "Job Description".

            4.         EXCLUSIVE
EMPLOYMENT.  Employee shall not, while employed by the Company, render services
of any kind to others for compensation, or engage in any other business
activity, whether or not pursued for gain or profit, that would interfere with
the performance of Employee's duties under this Agreement, without the prior
written consent of Company.  During the Employment Term, Employee shall not,
directly or indirectly, whether as a partner, employee, creditor, shareholder,
or otherwise, promote, participate, or engage in any activity or business
competitive with Micro Motors' or the Company's business.  However, nothing in
this Agreement shall be deemed to prevent or limit the right of the Employee to
invest any of his funds in the capital stock or other securities of any entity
whose stock or securities are publicly owned or are regularly traded on any
public exchange, so long as the management of that investment does not
materially interfere with the performance of his duties hereunder.

            5.         LOCATION OF
EMPLOYMENT.  Employee's performance under this Agreement shall be rendered at 151 E. Columbine Avenue, Santa Ana, CA  92707, or at such other place within Orange County, California that Company reasonably requires or that the interests, needs,
business and opportunities of the Company require or make advisable.

            6.         TERM OF
EMPLOYMENT.  The first six months of your employment will be defined as an
"Introductory Period", after which either party may terminate the agreement
without cause or penalty.  Unless terminated earlier pursuant to this Section
or Sections 11, 12, or 13 of this Agreement, Employee shall be employed for a
term commencing as of 3 April 2000 and ending 30 June 2003 (the "Employment
Term").  Thereafter, the Employment Term shall continue on an at-will basis
until terminated at the option of either party upon sixty (60) days prior
written notice.  This Agreement may be terminated at any time by written
agreement of the parties, or as provided in Sections 11, 12, 13 of this
Agreement.  This Agreement will terminate immediately upon Employee's death.

 

 

            7.         COMPENSATION.

                        7.1 
Salary.       Company shall pay Employee a base monthly salary of Twelve
Thousand ($12,000) Dollars which monthly base salary shall increase (but not
decrease) as of 1 July (the "Adjustment Date") of each subsequent employment
year (commencing 1 July 2001) of the term of this Agreement by the percentage
increase, if any, in the "Current Index" over the "Base Index."  The
adjustments described above shall be calculated on the basis of the United
States Department of Labor, Bureau of Labor Statistics, "Consumer Price Index
For All Urban Consumers, Los Angeles-Anaheim-Riverside Area" (the "Index"). 
The Index for April preceding the immediately prior employment year shall be
considered the "Base Index", and the April preceding the employment year for
which the adjustment shall become effective shall be the "Current Index." 
Salary shall be payable in accordance with the Company's usual payroll method
for corporate executives

                        7.2 
     Additional Compensation.  Employee shall also, during the entire
term of this Agreement, be eligible to participate in a bonus plan for key
employees adopted by the Company.  The performance based bonus plan
contemplates that participants can earn bonus compensation annually, upon the
happening of certain events, which are more fully described on Exhibit A
attached hereto and made a part of this Agreement by this reference.

            8.         BENEFITS.

                        8.1 
     Plan Participation.  Employee shall be entitled to participate in,
on the same basis as all other eligible employees in any pension benefit or
profit sharing plan adopted by the Company, subject to the terms, conditions
and overall administration of such any plan.

                        8.2 
     Vacations.  Employee shall be entitled to three (3) weeks vacation
time with pay during each employment year, to be taken at such times as may be
convenient to both Micro Motors and Employee.

                        8.3 
     Insurance.  Employee shall be entitled to the following insurance
benefits:

                        a.     Participation
for Employee in Company's group medical and dental insurance plan. 
Participation for Employee in an executive medical reimbursement plan if later
adopted by the Company and under the terms and conditions any Plan is so
adopted.

 

 

                        b.     Such
life insurance as is associated with the group medical policy described above.

                        c.     Participation
in Company's group disability plan, as well as the supplemental disability
coverage as shall be made available Company executives.

                        8.4 
     Miscellaneous Benefits.  Micro Motors shall make available a
corporate credit card to pay all business expenses which Employee shall incur
in performance of Employee's duties under the Employment Agreement.  Employee
shall reimburse Employer for any business expenses disallowed for deduction
under the Internal Revenue Code of 1986, as amended, unless approved by the
Board of Directors of the Company.

            9.         BUSINESS
EXPENSES.  Employee will be required to incur travel, entertainment and other
business expenses on behalf of Micro Motors in the performance of Employee's
duties hereunder.  Employee shall regularly provide records of all such
expenses to Company, and shall be reimbursed for all reasonable and necessary
expenses incurred by him.

            10.       INVENTIONS
AND PATENTS.  All processes, inventions, computer software, patents,
copyrights, trademarks, and other intangible rights (collectively the
"intellectual Property") that may be conceived or developed by Employee during
the Employment Term, either alone or with others, shall be the sole property of
Company except Intellectual Property that Employee develops entirely on his own
time without using the equipment, supplies, facilities or trade secret
information of the Company, and which do not (a) relate to the business of
Micro Motors or the Company, or to Micro Motors' or the Company's actual or
demonstrably anticipated research or development; or (b) result from any work
performed by Employee for Micro Motors or the Company ("Employee's Intellectual
Property").  Employee shall disclose to Company all Intellectual Property
conceived during the Employment Term whether or not the Intellectual Property
is Employee's Intellectual Property under the terms of the preceding sentence
(provided that the disclosure of any of Employee's Intellectual Property shall
be received in confidence).  Employee shall execute all documents required by
Company, including patent applications and assignments, necessary to establish
the Company's rights to the Intellectual Property under this section.

 

 

 

            11.       TERMINATION
FOR CAUSE.  Company may terminate this Agreement for cause at any time without
notice.  For purposes of this Agreement, the term "cause" shall include, but
not be limited to, the following:

                        a.  any
material breach by the Employee of his duties under this Agreement;

                        b.  the
dishonesty, disloyalty, negligence or the willful and intentional misconduct of
the Employee in the performance of his duties under this Agrement;

                        c.  the
engagement by the Employee in conduct which is injurious to Micro Motors or the
Company or their business reputations;

                        d.  any act
of moral turpitude, or any conduct or act done or committed by the Employee
that will tend to degrade him, or that reflects negatively on Micro Motors or
the Company, or that brings Micro Motors or the Company into public hatred,
contempt or ridicule; or that tends to shock or offend the community or
business world in which the Employee represents Micro Motors or the Company.

            12.       OPTION TO
TERMINATE CONTRACT UPON DISABILITY OF EMPLOYEE.  Company shall have the right
to terminate this Agreement in the event that Employee becomes disabled during
the Employment Term.  For purposes of this Agreement, "disabled" shall mean the
possession of any physical or mental disease, defect, or condition which either
renders Employee unfit or unable to perform and satisfy the material duties of
this employment with Company for a period or periods aggregating more than
ninety (90) business days in any period of twelve (12) months.  The existence
of any disability will be determined by a licensed physician selected by the
Company, whose determination will be conclusive and binding on all personal. 
Subject to the use of his allotted sick days, Employee shall not be entitled to
any compensation for days missed as a result of illness or accident prior to a
determination of disability.  If, curing the term hereof, Employee is
determined to have become "disabled", then Company shall pay Employee his
regular base compensation until such time as Employee's disability insurance
coverage commences payment, but in no event for a period in excess of ninety
(90) days following the determination of disability.

 

 

 

            13.       CHANGE IN
CONTROL.      For the purposes of this Section, "change of control" of the
Company shall be the change of control of Pro-Dex, Inc.  For purposes of this
Agreement, a "change in control" of the Company shall mean a change of control
of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of
1934, as amended ("the "Exchange Act") whether or not the Company is in fact
required to comply with that regulation, provided that, without limitation,
such change in control shall be deemed to have occurred if (a) any "person" (as
that term is used in Sections 13(d) and 14(d) of the Exchange Act), other than
a trustee or other fiduciary holding securities under an employee benefit plan
of the Company or a company owned, directly or indirectly, by the shareholders
of the Company in substantially the same proportions as their ownership of
stock of the Company, is or becomes the "beneficial owner" (as defined in Rule
13d-3 of the Exchange Act), directly or directly, of securities of the Company
representing twenty (20%) or more of the combined voting power of the Company's
then outstanding securities; or (b) during any period of three (3) consecutive
years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of the period constitute the Board and any new
director (other than a director designated by a person who has entered into an
agreement with the Company to effect a transaction described in clauses (a) or
(d) of this Section) whose election by the Board or nomination for election by
the Company's shareholders was approved by a vote of at least two-thirds of the
directors then still in office who either were directors at the beginning of
the period or whose election or nomination for election by the Company's
shareholders was approved by a vote of at least two-thirds of the directors
then still in office who either were directors at the beginning of the period
or whose election or nomination for election was previously so approved, cease
for any reason to constitute a majority; or (c) the Company enters into an
agreement, the consummation of which would result in the occurrence of a change
in control of the Company; or (d) the shareholders of the Company approve a
merger or consolidation of the Company with any other company, other than a
merger or consolidation that would result in the voting securities of the
Company outstanding immediately prior to it continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) a majority of the voting power of the voting securities of
the Company or such surviving entity outstanding immediately after the merger
or consolidation, or (e) the shareholders of the Company approve a plan of
complete liquidation of the Company of all or substantially all of the
Company's assets.  This Agreement may be terminated, upon sixty (60) days
notice to Employee, if any of the events described above constituting a change
in control shall have occurred, and Employee shall be entitled to the
compensation described in Section 7.1 of this Agreement for a period of one (1)
year from the date of termination.  Further, in the event of an above defined
change of control which requires Employee to relocate from Orange County,
California or which substantially changes his job responsibilities or reporting
relationship, Employee may, upon sixty (60) days notice to the Company, tender
his resignation, at which time Employee shall be entitled to the compensation
described in Section 7.1 of this Agreement for a period of one (1) year.

 

 

            14.       MICRO
MOTROS/COMPANY TRADE SECRETS.  Employee agrees that he shall not at any time,
either during or subsequent to the Employment Term, unless expressly consented
to in writing by Company, either directly or indirectly, use or disclose to any
person or entity any confidential information of any kind, nature, or
description which information Employee learned as a result of his employment
with the Company concerning any matters affecting or relating to the business
of the Micro Motors or the Company, including, but not limited to, the names,
addresses, buying habits or business practices of any of its customers;
marketing methods, programs and related data; other written records used in
business;  compensation paid to employees and independent contractors and other
terms of their employment; or contractual information concerning the business
of Micro Motors of the Company, confidential information regarding operations,
computer software, specific business practices, or other confidential data of
any kind, nature, or description.  Employee agrees that the above information
and items are important, material , and confidential trade secrets and these
affect the successful conduct of Micro Motors' and the Company's business and
its good will.  Employee agrees that all business procured by Employee while
employed by Company is and shall remain the permanent and exclusive property of
Micro Motors or the Company.  Employee further agrees that Micro Motors' and
Company's relationships with its employees and independent contractors are a
significant and valuable asset of the Company.  Any interference with Micro
Motors' or Company's business, property, confidential information, trade
secrets, clients, customers, employees or independent contractors by Employee
or any of the Employee's agents, during or after the Employment Term, shall be
deemed a material breach of this Agreement.

            15.       NON-SOLICIATION. 
Employee hereby acknowledges and agrees that he will be exposed to a
significant amount of confidential information concerning Micro Motors' and the
Company's business methods, operations, and customers while employed under this
Agreement, that such information might be retained by Employee in tangible
form, or simply retained in Employee's memory, and that the protection of Micro
Motors' and the Company's exclusive rights to such confidential information,
trade secrets, and customer or client relationships can best be ensured by
means of a restriction on Employee's activities after termination of
employment.  Therefore, Employee agrees that for a period of two (2) years
after termination (whether with or without cause) Employee shall not solicit,
divert or imitate any contact with any customer or client of Micro Motors or
the Company, which Employee learned of as a result of his employment with the
Company, for any competing commercial or business reason whatsoever.  Employee
also agrees that for such period he shall not directly or indirectly solicit
the employment of or hire any employee of Micro Motors or the Company, and
shall not attempt to persuade any employee to leave the employment of Micro
Motors or the Company.

            16.       INJUNCTIVE
RELIEF.  Employee hereby acknowledges and agrees that any violation of Sections
14 and 15 above will cause damage to Micro Motors and the Company in an amount
difficult to ascertain.  Accordingly, in addition to any other relief to which
the Micro Motors or the Company may be entitled, Micro Motors and Company shall
be entitled to temporary and/or permanent injunctive relief for any breach or
threatened breach by Employee of the terms of such Sections without proof of
actual damages that have been or may be caused to Micro Motors or the Company
as a result of such breach.

            18.       POLICIES,
RULES AND REGULATION.     Employee at all times during the Employment Term
shall strictly adhere to and obey all policies, rules and regulations in
effect, or as subsequently modified governing the conduct of employees of Micro
Motors and the Company.

 

 

            19.       GENERAL
PROVISIONS.

                        19.1 
   Further Assurances.  The Parties agree that, at any time and from
time to time during the Employment Term, they will take any action and execute
and deliver any document which any other party reasonably requests in order to
carry out the purposes of this Agreement.

                        19.2     Amendment
to Agreement.  This Agreement may be amended or supplemented only in
writing, and no amendment or supplement will be effective unless executed by
all of the Parties.

                        19.3     Notices. 
Any notice, consent, waiver, demand, or other communications required or
permitted to be given by or to any person pursuant to this Agreement
(collectively, "Notice") will be in writing, an will be given either by
personal service, by certified mail (return receipt requested), or by Federal
Express or similar commercial overnight courier service, to a party at the
address set forth below:

                        IF TO COMPANY                 Pro-Dex,
Inc.

                                                                 
      Attn:  George J. Isaac

                                                                 
      650 South Taylor Avenue, Ste 20-A

                                                                 
      Louisville, CO  80027

                        IF TO EMPLOYEE                 Patrick
Johnson

                                                                        Micro
Motors, Inc.

                                                                        151 East Columbine Avenue

                                                                        Santa Ana, CA  92707

            In the case of personal
service, Notice will be deemed effective on the date of service.  In all other
cases, Notice will be deemed effective on the date of delivery, as shown on the
return receipt or other written evidence of delivery.  A party may change the
address at which Notice is to be given, at any time and from time to time, by
giving Notice of the new address to the other parties in accordance with this
Section.

                        19.4
    Entire Agreement.  This Agreement contains, excepting only that one
certain grant of options dated 7 March 2000, the entire understanding between
the parties, and supersedes all prior understandings and agreements between
then regarding its subject matter.  There are no oral or written
representations, agreements, arrangements, or understandings between the
parties relating to the subject matter of this Agreement which are fully set
forth herein.

 

 

                        19.5     Binding
Effect:  Assignment and Delegation.  This Agreement is
binding upon and inures to the benefit of the parties and their personal
respective heirs, executors, administrators, personal representatives,
successors, and assigns.  Company may assign its rights or delegate its duties
under this agreement at any time and from time to time.  However, the parties
acknowledge that the availability of Employee to perform services was a
material consideration for the Company to enter into this Agreement. 
Accordingly, Employee may not assign any of his rights or delegate any of his
duties under this Agreement.  Accordingly, either voluntarily or by operation
of law, without the prior written consent of the Company, which may be given or
withheld by the Company in its sole and absolute discretion.

                        19.6     Applicable
Law:  Choice of Forum.  This Agreement has been
executed under, and will be construed and interpreted in accordance with, the
laws of the State of Colorado.  The parties consent to the jurisdiction of the
courts of the State of Colorado and the United States District Courts located
in the State of Colorado in any action of proceeding arising out of this
Agreement, and agree that in those actions or proceedings venue will be proper
in Boulder County (if the action or proceeding is brought in the District
Court) or in the United States District Court for the District of Colorado (if
the action or proceeding is brought in the United States District Court).

                        19.7     Attorney's
Fees.  In any action or proceeding to enforce or interpret this Agreement,
or arising out of this Agreement, the prevailing party or parties are entitled
to recover a reasonable allowance for fees and disbursements of counsel and
costs of suit to be determined by the court in which the action or proceeding
is brought.

                        19.8     Provisions
Severable.  Every provision of this Agreement is intended to be severable
from every other provision of this agreement.  If any provision of this
Agreement is held to be void or unenforceable, in whole or in part, the
remaining provisions will remain in full force and effect.  If any provision of
this Agreement is held to be unreasonable or excessive in scope or in duration,
that provision will be enforced to the maximum extent permitted by law.

 

 

                        19.9     Waiver. 
The waiver by either party of a breach of any provision of this Agreement shall
not operate or be construed as a waiver of any subsequent breach of this
Agreement.

                        19.10   Computation
of Time.  If any period of time in this Agreement for the performance of
any action ends on a Saturday, Sunday, or legal holiday in the State of
Colorado that period will be deemed extended to end on the next day which is
not a Saturday, Sunday or legal holiday in the State of Colorado.

                        19.11   Counterparts. 
This Agreement and any amendment or supplement to this Agreement may be
executed in two (2) or more counterparts, each of which will constitute a single
instrument.  The parties have executed this Agreement at the time and place set
forth above.

 

  	

"COMPANY"  

Pro-Dex, Inc.

      	"EMPLOYEE"
	

_________________________  

By:  Kent E. Searl, President 

      	______________________

      Patrick Johnson

EXHIBIT A

BONUS COMPENSATION

In Year One, subject to the introductory Period set forth in
the Agreement,

•    "90 Day Bonus".  In the event you achieve the goals set forth
below, you will be paid a bonus equal to the lesser of $15,000 or net income
before tax for the fourth quarter ended June 30, 2000, after the absorption of
customary "push downs" expenses from corporate.

  

All direct reporting positions must
be filled with qualified personnel.

You must have had face to face
meetings with top critical customers, as defined
by the Micro Motors Board of Directors.

You must have submitted a strategic
plan for fiscal year 2001.

  

 

•    "Turnaround Bonus".  In the event EBITDA at Micro Motors is $1.4M
for the year ended June 30, 2001 through June 30, 2002, and July 1, 2002 through
June 30, 2003, respectively, your bonus shall be

•    5% of all earnings exceeding goal per the strategic plan
proposed, which plan has been accepted by the Micro Motors Board of Directors,
plus 30% of base salary for meeting goal

EXHIBIT B

MICRO MOTORS, INC.

JOB DESCRIPTION

 

Job Title:              Vice President - General
Manager      Date/Revision: 03/01/00

Department:            Executive

Reports to:             C.E.O. and COO of Directors of
Pro-Dex, Inc.

Direct
Reports:       6 - Controller and Director of Engineering, Mfg.-Components, Mfg.-Finished

                              Goods, Marketing Sales, and Human Resources Manager.

Indirect Reports:     85

 

JOB SUMMARY:

Participates in the visionary, conceptual, strategic,
operational and policy formulation functions of the business.  Develops and
implements Pro-Dex approved strategic and operating plans and company
policies.  Directs Micro Motors according to business plans to achieve desired
profit and return on invested capital.  Directs and oversees coordination of
the activities of each function within the company to attain business
objectives.  Guides management in meeting the needs of each major constituency
served by Micro Motors, including customers, owner-shareholders, and
employees.  By exerting personal leadership, assures that each of these key
interests is served in a manner consistent with company policy and standards of
excellence.

JOB DUTIES:

      Essential:

	
	Works with company's corporate management to develop and approve
business objectives, policies, and plans that meet corporate goals.

	
	Sets the tone for the company's relations with its employees and
customers by means of policy statement, management actions, written and verbal
communications, and incentive plans.

	
	Directs operations to achieve planned performance goals and
develops management team to effectively lead company departments.

 

	
	Develops organization and personnel, products, facilities,
technology, and appropriate financial resources to secure the financial and
organizational health of the business.

	
	Facilitates periodic review of company's strategic plan. 
Combines this information with corollary analyses of company products,
services, technical capabilities, and financial resources.

ACCOUNTABILITIES:

	
	Responsible for the atttainment of all goals and objectives
embodied in Micro Motors' annual Strategies and Operating Plans.

	
	Directs the setting of goals for all operating departments (e.g.,
sales, profit, market penetration, and organizational development).

	
	Communicates business objectives and plans within the company.

	
	
	Ensures that all operating departments are following plans,
policies, procedures, and standards.

	
	Assures that each operating department is properly organized,
staffed, and directed to fulfill its responsibilities.

	
	Exercises sound judgment in all decisions.

  

AMENDMENT TO
EMPLOYMENT AGREEMENT

            This Amendment to Employment Agreement (the
"Amendment") is made as of September 6, 2002, by and between Pro-Dex, Inc., a Colorado corporation (the "Company") and Patrick Johnson ("Employee").

            WHEREAS, the Company and Employee have entered
into certain Employment Agreement dated April 3, 2000 (the "Original
Agreement"), a copy of which is attached hereto as Exhibit A and the terms and
conditions of which are incorporated herein in their entirety and which shall
continue except as specifically amended hereby;

            WHEREAS, the Company and Employee have entered
into that certain Indemnification Agreement dated September 1, 2002, a copy of
which is attached hereto as Exhibit B.

            WHEREAS, pursuant to Section 19.2 of the
Original Agreement, the Company and Employee desire to amend the Original
Agreement as set forth herein.

            NOW, THEREFORE, in consideration of the
foregoing, the Original Agreement is hereby amended as follows:

 

 

AGREEMENT

1.         Section 1 of the Original Agreement is hereby amended to delete the words: 
"Vice President General Manager of Micro Motors, Inc." and replace them
with the words: "Chief Executive Officer and President of Pro-Dex,
Inc.", and to delete the words "Chief Executive Officer or the".

2.         Section 2 of the Original Agreement is hereby amended to (i) delete the
words: "Chief Executive Officer or the" and (ii) delete the words "Chief
Executive Officer of the Company" and replace them with "Board of
Directors."

3.         Section 3 of the Original Agreement is hereby amended to delete the
words: "General Manager" and replace them with the words "Chief Executive
Officer and President."

4.         Section 6 of the Original Agreement is hereby amended and restated to
read in its entirety as follows:

Section 6         TERM
OF EMPLOYMENT.  Unless terminated earlier pursuant to this Section or
Sections 11, 12, or 13 of this Agreement, employee shall be employed for a term
commencing as of 3 April 2000 and ending on 30 June 2005 (the "Employment
Term").  Thereafter, the Employment Term shall continue o an at-will basis until
terminated at the option of either party upon sixty (60) days prior written
notice.  This Agreement may be terminated at any time by written agreement of
the parties, or as provided in Sections 11, 12, or 13 of this Agreement.  If
Employee is terminated without cause (as defined in Section 11), Employee shall
be entitled to continued payment of all compensation due under Section 7 for
the remainder of the Employment Term.  This Agreement will terminate
immediately upon Employee's death.

5.        
Section 7 of the Original Agreement is amended by deleting the
words:

            "Twelve Thousand
Dollars ($12,000)"

            in the first sentence and replacing them with
the words:

            "Fourteen Thousand
Five Hundred Eighty-Three and 33/100 Dollars       ($14,583.33)."

It being understood that the next
adjustment date is July 1, 2003.

6.        
Section 11 of the Original Agreement is hereby amended and
restated to read in its entirety as follows:

Section 11.      TERMINATION
FOR CAUSE.  The Company may, in writing and without prior notice, terminate
Employee's employment under this Agreement for cause at any time.  For purposes
of this Agreement, the term "cause" shall mean:

 

a.    Employee's material breach of his obligations under this
Agreement or failure or refusal to perform reasonable services customarily performed
by Employee (other than by reason of disability), which breach, failure or
refusal is not cured within five (5) days after written notice thereof from the
Company's Board of Directors;

b.    Employee's engaging in any misconduct or omission which the Board
of Directors determines is significantly injurious to the Company, monetarily
or otherwise;

c.    Employee's willful dereliction of duty or intentional or
malicious conduct contrary to the best interests of the Company, its personnel
or its business prospects, properties or affairs; or

d.    Employee's being convicted with commission of a felony.

7.        
Section 13 of the Original Amendment is hereby amended and
restated to read in its entirety as follows:

            SECTION 13  CHANGE
IN CONTROL.  For purposes of this Section 13, "Change in Control" shall mean
either one of the following: (i) when any "person," as such term is used in
Sections 13(d) and 14(d) of the Exchange Act (other than a shareholder of the
Company on the date of this Agreement), the Company, a subsidiary or a Company
Employee Benefit Plan, (including any trustee of such Plan acting as trustee)
becomes, after the date of this Agreement, the "beneficial owner" (as defined
in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of
the Company representing 35% or more of the combined voting power of the
Company's then outstanding securities; or (ii) the occurrence of a transaction
requiring shareholder approval, and involving the sale of all or substantially
all of the assets of the Company or the merger of the Company with or into
another corporation.  This Agreement may be terminated by either party, upon
sixty (60) days notice, if any of the events described above constituting a
Change of Control shall occurred, and Employee shall be entitled to (i) the
compensation described in Section 7.1 and (ii) to the extent permitted by
the Company's insurance policies, insurance benefits described in Section
8.3 of this Agreement for a period of one (1) year from the date of
termination.  In the event such insurance coverage is not available, then
Employee shall be provided reimbursement for the acquisition of a policy or
policies providing substantially similar    coverage for such one year period.

            8.         Section 19.4 of the Original
Agreement is hereby amended and restated to read
in its entirety as follows:

Section 19.4    Entire
Agreement.  This Agreement, that certain Indemnification Agreement between
the Employee and the Company dated September 1, 2002, and the Stock Option
Agreements entered into from time to time between Employee and the Company,
contain the entire understanding between the parties concerning the employment
of Employee, and supersedes all prior understanding and agreements between them
regarding its subject matter.  There are no oral or written representations,
agreements, arrangements, or understandings between the parties relating to the
subject matter of this Agreement which are not fully set forth herein.

 

9.         Section 19.6 of
the Original Agreement is hereby amended and restated to read in its
entirety as follows:

           
This Agreement has
been executed under, and will be construed and interpreted in accordance with,
the laws of the State of California.  The parties consent to the jurisdiction
of the Superior Court of the State of California and the United States District
court located in the State of California in any action or proceeding arising
out of this Agreement, and agree that in those actions or proceedings venue
will be proper in Orange County, California (if the action proceeding is
brought in the California Superior Court) or in the United States District
Court for the District in which Orange County is located (if the action is
brought in the United States District Court).

10.      
Section 19.10 of the Original Amendment is hereby amended and
restated to read in its entirety as follows:

            Section 19.10  Computation
of Time.  If any period of time in this Agreement for the performance of
any action ends on a Saturday, Sunday, or legal holiday in the State of
California, that period will be deemed extended to end on the next day which is
not a Saturday, Sunday or legal holiday in the State of California.

11.       No further changes to the Original Agreement are intended by this
Amendment.  The terms and conditions of the Original Agreement are incorporated
herein in their entirety and which shall continue except as specifically
amended hereby.

12.       This Amendment to Employment Agreement has been approved by the Compensation
Committee and Board of Directors of the Company.

            IN WITNESS WHEREOF, the
parties hereto have entered into this Amendment as of the date first set forth
above.

  	

"Company

      	 "Employee"
	  	 
	

Pro-Dex, Inc.

      	 
	

By:_________________________ 

Jeff Ritchey, Chief Financial Officer 
	_________________________

      Patrick Johnson

 

SECOND
AMENDMENT TO EMPLOYMENT AGREEMENT

Whereas Pro-Dex, Inc. (the "Company") and Patrick Johnson
(the "Employee") have entered into an Employment Agreement dated April 3, 2000
(the "Original Agreement") and an Amendment dated September 6, 2002 (the "Amendment")
and collectively the "Agreement", and 

Whereas the Company and the Employee wish to further amend
the Agreement, the parties hereby agree as follows:

The effective date of this amendment shall be October 1,
2003.

Section 6         TERM OF EMPLOYMENT  per Amendment
is further amended by deleting the words June 30, 2005 in the
first sentence and substituting the words October 1, 2005.

Section 7.1 (Salary) of the Agreement is amended by
deleting the words fourteen thousand five hundred eighty three and 33/100
dollars ($14,583.33) and replacing them with the words seventeen
thousand and eighty three and 33/100 dollars ($17,083.33).
Employee hereby acknowledges that this increase is in lieu of any Index based
adjustments to which he may have been entitled pursuant to the Agreement, and
that the auto allowance that he has been receiving shall be discontinued.

Section 7.2 (Additional Compensation) of the Original
Agreement is amended by deleting the paragraph in its entirety and inserting: Employee
shall be entitled to payment of a Bonus in accordance with Exhibit A attached
hereto and incorporated by this reference, and shall not be eligible to
participate in any other profit sharing or bonus plan of the Company or its
subsidiaries, except as provided herein...

Section 8.1 (Plan Participation) of the Original
agreement is amended by deleting the words "profit sharing plan".

Exhibit A: The wording in the Original Agreement
shall be deleted entirely and the following inserted: 

For the years ending June 30 2004 and 2005, provided
Employee has not breached this Agreement as amended or been terminated for
cause,  Employee shall be entitled to receive a bonus equal to:

•    
30% of Employee's base salary as then existing at 6/30 of
such year if the Company's Net Income for the year just ended meets the Net
Income goal of the strategic plan for that year that has been formally approved
by the Company's Board of Directors; plus 

•    
an additional 5% of the amount that the Company's Net
Income exceeds the goal of the strategic plan for such just-completed  year
that has been formally approved by the Company's Board of Directors.

 

For the purpose of calculating this bonus Net Income
shall be defined as the net income after taxes as reported by the Company's
auditors for that year for the businesses covered by that plan, with two
exceptions: 1. The calculation of Net Income (for both Plan purposes and Actual
results) shall exclude any Bonus to be paid to the Employee and the Chief
Financial Officer, and 2.  a tax rate of 40% shall be imputed to the pretax net
income as reported by the Company's auditors, irrespective of  the actual tax
provision.

The bonus shall be paid
within 5  business days after the filing of the Company's 10-Kfor the year for
which the bonus applies. 

Section 19.3 (Notices) shall be amended by deleting
the name and address following IF TO COMPANY and inserting:

Rutan and Tucker

611 Anton Blvd.

Costa Mesa,
 CA 92626

Attn: Tom
Crane

No other changes to the Agreement are intended. All terms
and conditions of the Original Agreement and the Amendment of September 6,
2002, except as amended herein, shall continue in full force and effect.

	Company 

    By the Compensation Committee 	Employee
	_______________________

Valerio Giannini	____________________

    Patrick Johnson
	  	 
	 ________________________ 

Michael MesenbrinkEXHIBIT 4.1

                 BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.

                          2004 LONG TERM INCENTIVE PLAN

1.   PURPOSE  OF  THE  PLAN

     This  2004 Long Term Incentive Plan is intended to promote the interests of
Boots  &  Coots  International  Well  Control, Inc., a Delaware corporation (the
"Company"),  by providing the employees and long term consultants of the Company
largely responsible for the management, growth and protection of the business of
the  Company,  with  an  ownership  stake  in  the  Company.

2.   DEFINITIONS

     As used in the Plan, the following definitions apply to the terms indicated
below:

          (a)  "Board  of  Directors"  shall  mean the Board of Directors of the
Company.

          (b)  "Cause,"  when  used  in  connection  with  the  termination of a
Participant's  employment  or  service  (in  the  case of a consultant) with the
Company,  shall  mean the termination of the Participant's employment or service
by  the Company by reason of (i) the conviction of the Participant by a court of
competent  jurisdiction  as  to  which no further appeal can be taken of a crime
involving  moral  turpitude; (ii) the proven commission by the Participant of an
act of fraud upon the Company; (iii) the proven misappropriation of any funds or
property  of  the  Company  by  the Participant; (iv) the willful, continued and
unreasonable  failure  by  the Participant to perform duties assigned to him and
appropriate  for  his position; (v) the knowing engagement by the Participant in
any  direct,  material  conflict of interest with the Company without compliance
with the Company's conflict of interest policy, if any, then in effect; (vi) the
knowing engagement by the Participant, without the written approval of the Board
of Directors, in any activity which competes with the business of the Company or
which  would  result  in  a material injury to the Company; or (vii) the knowing
engagement  in  any  activity which would constitute a material violation of the
provisions  of  the  Company's  Policies  and Procedures Manual, if any, then in
effect.

          (c)  "Cash  Bonus"  shall  mean  an  award  of a bonus payable in cash
pursuant  to  Section  10  hereof.

          (d)  "Change  in  Control"  shall  mean:

                    (i)  a  "change  in control" of the Company, as that term is
               contemplated  in  the  federal  securities  laws;  or

                    (ii)  the  occurrence  of  any  of  the  following  events:

          (A)  any  Person  becomes,  after  the effective date of this Plan the
          "beneficial  owner"  (as  defined  in Rule 13d-3 promulgated under the
          Exchange  Act),  directly  or indirectly, of securities of the Company
          representing  50.1%  or  more  of  the  combined  voting  power of the
          Company's  then outstanding securities; provided, that the acquisition
          of  additional  voting  securities,  after  the effective date of this
          Plan, by any Person who is, as of the effective date of this Plan, the
          beneficial  owner,  directly  or  indirectly,  of 50.1% or more of the
          combined  voting  power  of the Company's then outstanding securities,
          shall not constitute a "Change in Control" of the Company for purposes
          of  this  Section  2(d);

          (B)  a  majority  of  individuals  who  are  nominated by the Board of
          Directors  for election to the Board of Directors on any date, fail to
          be elected to the Board of Directors as a direct or indirect result of
          any  proxy  fight  or contested election for positions on the Board of
          Directors;  or

          (C)  the  sale,  lease,  transfer  or  other  disposition  of  all  or
          substantially  all  of  the  assets  of  the  Company (other than to a
          wholly-owned  subsidiary  of  the  Company).

          (e)  "Code"  shall  mean the Internal Revenue Code of 1986, as amended
     from  time  to  time.

<PAGE>
          (f)  "Committee" shall mean the Compensation Committee of the Board of
     Directors  or  such other committee as the Board of Directors shall appoint
     from  time  to  time  to  administer  the  Plan.

          (g)  "Common  Stock"  shall mean the Company's Common Stock, par value
     $.00001  per  share.

          (h)  "Company"  shall  mean  Boots & Coots International Well Control,
     Inc., a Delaware corporation, each of its Subsidiaries, and its successors.

          (i)  "Exchange Act" shall mean the Securities Exchange Act of 1934, as
     amended  from  time  to  time.

          (j)  The  "Fair  Market  Value" of a share of Common Stock on any date
     shall  be  (i) the closing sale price on the immediately preceding business
     day  of  a  share  of  Common Stock as reported on the principal securities
     exchange  on  which  shares  of Common Stock are then listed or admitted to
     trading  or  (ii)  if  not  so reported, the average of the closing bid and
     asked  prices  for  a  share  of  Common Stock on the immediately preceding
     business  day  as  quoted on the National Association of Securities Dealers
     Automated  Quotation  System  ("NASDAQ"), or (iii) if not quoted on NASDAQ,
     the average of the closing bid and asked prices for a share of Common Stock
     as  quoted by the National Quotation Bureau's "Pink Sheets" or the National
     Association  of Securities Dealers' OTC Bulletin Board System. If the price
     of  a share of Common Stock shall not be so reported, the Fair Market Value
     of  a  share  of  Common  Stock shall be determined by the Committee in its
     absolute  discretion.

          (k)  "Incentive  Award"  shall  mean  an Option, a share of Restricted
     Stock,  a  share  of  Phantom  Stock,  a  Stock Bonus or Cash Bonus granted
     pursuant  to  the  terms  of  the  Plan.

          (l)  "Incentive  Stock  Option"  shall  mean  an  Option  which  is an
     "incentive  stock option" within the meaning of Section 422 of the Code and
     which  is identified as an Incentive Stock Option in the agreement by which
     it  is  evidenced.

          (m)  "Issue  Date" shall mean the date established by the Committee on
     which  certificates representing shares of Restricted Stock shall be issued
     by  the  Company  pursuant  to  the  terms  of  Section  7(d)  hereof.

          (n)  "Non-Qualified Stock Option" shall mean an Option which is not an
     Incentive  Stock  Option  and  which is identified as a Non-Qualified Stock
     Option  in  the  agreement  by  which  it  is  evidenced.

          (o)  "Option"  shall mean an option to purchase shares of Common Stock
     of  the  Company granted pursuant to Section 6 hereof. Each Option shall be
     identified  as  either  an  Incentive Stock Option or a Non-Qualified Stock
     Option  in  the  agreement  by  which  it  is  evidenced.

          (p)  "Participant"  shall  mean  a  full-time employee or a consultant
     (whether  full  or part time) of the Company who is eligible to participate
     in the Plan and to whom an Incentive Award is granted pursuant to the Plan.

          (q)  "Person"  shall mean a "person," as such term is used in Sections
     13(d)  and  14(d)  of  the  Exchange  Act, and the rules and regulations in
     effect  from  time  to  time  thereunder.

          (r) A share of "Phantom Stock" shall represent the right to receive in
     cash the Fair Market Value of a share of Common Stock of the Company, which
     right  is granted pursuant to Section 8 hereof and subject to the terms and
     conditions  contained  therein.

          (s)  "Plan"  shall  mean the Boots & Coots International Well Control,
     Inc.  2004  Long  Term  Incentive  Plan  as  amended  from  time  to  time.

          (t)  "Qualified  Domestic  Relations  Order"  shall  mean  a qualified
     domestic relations order as defined in the Code, in Title I of the Employee
     Retirement  Income  Security Act, or in the rules and regulations as may be
     in  effect  from  time  to  time  thereunder.

          (u)  A  share of "Restricted Stock" shall mean a share of Common Stock
     which  is  granted  pursuant  to the terms of Section 7 hereof and which is
     subject to the restrictions set forth in Section 7(c) hereof for so long as
     such  restrictions  continue  to  apply  to  such  share.

<PAGE>
          (v) "Securities Act" shall mean the Securities Act of 1933, as amended
     from  time  to  time.

          (w)  "Stock  Bonus" shall mean a grant of a bonus payable in shares of
     Common  Stock  pursuant  to  Section  9  hereof.

          (x) "Subsidiary" or "Subsidiaries" shall mean any and all corporations
     in  which  at  the pertinent time the Company owns, directly or indirectly,
     stock  vested  with  50%  or more of the total combined voting power of all
     classes  of stock of such corporations within the meaning of Section 424(f)
     of  the  Code.

          (y) "Vesting Date" shall mean the date established by the Committee on
     which  a  share  of  Restricted  Stock  or  Phantom  Stock  may  vest.

3.   STOCK  SUBJECT  TO  THE  PLAN

     Under  the  Plan, the Committee may grant to Participants (i) Options, (ii)
shares  of  Restricted  Stock, (iii) shares of Phantom Stock, (iv) Stock Bonuses
and  (v)  Cash  Bonuses.

     The  Committee  may  grant  Options,  shares of Restricted Stock, shares of
Phantom  Stock  and  Stock  Bonuses  under  the Plan with respect to a number of
shares  of  Common  Stock  that  in  the  aggregate  at any time does not exceed
6,000,000  shares of Common Stock; provided, however, that the maximum number of
shares  of  Common  Stock for which Options may be granted under the Plan to any
one  Participant  during  a  calendar  year  shall  be  1,000,000.

     The  grant  of a Cash Bonus shall not reduce the number of shares of Common
Stock  with  respect  to  which  Options,  shares of Restricted Stock, shares of
Phantom  Stock  or  Stock  Bonuses  may  be  granted  pursuant  to  the  Plan.

     If  any  outstanding  Option  expires,  terminates  or  is canceled for any
reason,  the  shares  of Common Stock subject to the unexercised portion of such
Option  shall  again  be  available  for grant under the Plan.  If any shares of
Restricted  Stock  or  Phantom Stock, or any shares of Common Stock granted in a
Stock Bonus are forfeited or canceled for any reason, such shares shall again be
available  for  grant  under  the  Plan.

     Shares  of Common Stock issued under the Plan may be either newly issued or
treasury  shares,  at  the  discretion  of  the  Committee.

4.   ADMINISTRATION  OF  THE  PLAN

     The  Plan  shall  be  administered by a Committee of the Board of Directors
consisting of two or more persons, all of whom shall be both (i) a "Non-Employee
Director"  within  the  meaning of Rule 16b-3 promulgated under the Exchange Act
and (ii) an "outside director" within the meaning of the definition of such term
as  contained in Treasury Regulation Section 1.162-27(e)(3) interpreting Section
162(m)  of  the  Code,  or  any  successor definitions that may be adopted.  The
members  of  the  Committee  shall  be appointed from time to time by, and shall
serve  at  the  discretion of, the Board of Directors.  The Committee shall from
time to time designate the employees and consultants of the Company who shall be
granted  Incentive  Awards  and  the  amount  and type of such Incentive Awards.

     The  Committee  shall have full authority to administer the Plan, including
authority  to  interpret and construe any provision of the Plan and the terms of
any  Incentive Award issued under it and to adopt such rules and regulations for
administering  the  Plan  as  it may deem necessary.  Decisions of the Committee
shall  be  final  and  binding  on  all  parties.

     The  Committee  may,  in its absolute discretion (i) accelerate the date on
which  any  Option  granted  under the Plan becomes exercisable, (ii) extend the
date  on which any Option granted under the Plan ceases to be exercisable, (iii)
accelerate  the  Vesting  Date  or  Issue  Date,  or waive any condition imposed
pursuant  to  Section 7(b) hereof, with respect to any share of Restricted Stock
granted  under  the  Plan  and  (iv)  accelerate  the  Vesting Date or waive any
condition  imposed  pursuant  to  Section 8 hereof, with respect to any share of
Phantom  Stock  granted  under  the  Plan.

     In addition, the Committee may, in its absolute discretion, grant Incentive
Awards  to Participants on the condition that such Participants surrender to the
Committee  for  cancellation  such  other  Incentive  Awards (including, without
limitation,  Incentive

<PAGE>
Awards  with higher exercise prices) as the Committee specifies. Notwithstanding
Section  3  hereof,  Incentive  Awards  granted on the condition of surrender of
outstanding  Incentive  Awards  shall  not count against the limits set forth in
such  Section  3  until  such  time  as  such  Incentive Awards are surrendered.

     Whether  an  authorized  leave  of  absence,  or  absence  in  military  or
government  service, shall constitute termination of employment or service shall
be  determined  by  the  Committee  in  its  absolute  discretion.

     No  member  of  the  Committee shall be liable for any action, omission, or
determination  relating  to  the  Plan, and the Company shall indemnify and hold
harmless each member of the Committee and each other director or employee of the
Company  to  whom  any  duty  or  power  relating  to  the  administration  or
interpretation  of  the  Plan  has  been  delegated from and against any cost or
expense  (including  attorneys'  fees)  or  liability (including any sum paid in
settlement  of  a  claim  with the approval of the Committee) arising out of any
action,  omission or determination relating to the Plan, unless, in either case,
such  action,  omission  or  determination  was  taken  or  made by such member,
director  or  employee in bad faith and without reasonable belief that it was in
the  best  interests  of  the  Company.

5.   ELIGIBILITY

     The  persons  who shall be eligible to receive Incentive Awards pursuant to
the Plan shall be such full-time employees and consultants (whether full or part
time)  of the Company as the Committee, in its absolute discretion, shall select
from time to time.  Notwithstanding the generality of the foregoing, no employee
or  consultant  of  the  Company  shall  be eligible to receive Incentive Awards
pursuant  to  this  Plan if such person is also entitled to receive an Incentive
Award  under  the  terms  of  his  employment  or  consulting agreement with the
Company,  or  any  specialty  long  term  incentive plan or incentive stock plan
adopted after the date hereof, unless such employment or consulting agreement or
specialty  plan  expressly  provides  otherwise.

6.   OPTIONS

     The  Committee  may grant Options pursuant to the Plan, which Options shall
be evidenced by agreements in such form as the Committee shall from time to time
approve.  Options  shall  comply  with and be subject to the following terms and
conditions:

     (a)  Identification  of  Options

          All  Options granted under the Plan shall be clearly identified in the
agreement  evidencing  such  Options  as  either  Incentive  Stock Options or as
Non-Qualified  Stock  Options.  Consultants  shall  not  be  entitled to receive
Incentive  Stock  Options.

     (b)  Exercise  Price

          The exercise price of any Non-Qualified Stock Option granted under the
Plan  shall  be such price as the Committee shall determine on the date on which
such Non-Qualified Stock Option is granted; provided, that such price may not be
less  than  the greater of (i) 50% of the Fair Market Value of a share of common
Stock  on  the  date on which such Non-Qualified Stock Option is granted or (ii)
the  minimum  price required by law.  Except as provided in Section 6(d) hereof,
the exercise price of any Incentive Stock Option granted under the Plan shall be
not  less  than  100% of the Fair Market Value of a share of Common Stock on the
date  on  which  such  Incentive  Stock  Option  is  granted.

     (c)  Term  and  Exercise  of  Options

          (1)  Each  Option  shall  be exercisable on such date or dates, during
such period and for such number of shares of Common Stock as shall be determined
by the Committee on the day on which such Option is granted and set forth in the
agreement  evidencing  the  Option;  provided,  however, that no Option shall be
exercisable  after  the  expiration  of  ten years from the date such Option was
granted;  and,  provided,  further, that each Option shall be subject to earlier
termination,  expiration  or  cancellation  as  provided  in  the  Plan.

          (2)  Each Option shall be exercisable in whole or in part with respect
to  whole  shares  of Common Stock.  The partial exercise of an Option shall not
cause  the  expiration,  termination  or  cancellation  of the remaining portion
thereof.  Upon  the partial exercise of an Option, the agreement evidencing such
Option shall be returned to the Participant exercising such Option together with
the delivery of the certificates described in Section 6(c)(5) hereof.

<PAGE>
          (3)  An  Option  shall  be  exercised  by  delivering  notice  to  the
Company's  principal  office,  to  the attention of its Secretary, no fewer than
five  business  days  in advance of the effective date of the proposed exercise.
Such  notice  shall be accompanied by the agreement evidencing the Option, shall
specify the number of shares of Common Stock with respect to which the Option is
being  exercised  and  the effective date of the proposed exercise, and shall be
signed by the Participant.  The Participant may withdraw such notice at any time
prior  to  the  close  of business on the business day immediately preceding the
effective  date  of the proposed exercise, in which case such agreement shall be
returned  to  the Participant. Payment for shares of Common Stock purchased upon
the  exercise of  an Option shall be made on the effective date of such exercise
either (i) in cash, by certified check, bank cashier's check or wire transfer or
(ii)  subject  to  the  approval  of  the  Committee,  by  tendering  previously
acquired nonforfeitable, unrestricted shares of Common Stock that have been held
by  the  Participant  for  at  least  six months and that have an aggregate Fair
Market  Value  at  the  time  of  exercise  equal  to  the  total exercise price
(including  an actual or deemed multiple series of exchanges of such shares), or
(iii)  partly  in  shares of Common Stock with the balance in cash, by certified
check,  bank  cashier's check or wire transfer.  Any payment in shares of Common
Stock  shall  be effected by the delivery of such shares to the Secretary of the
Company,  duly endorsed in blank or accompanied by stock powers duly executed in
blank,  together  with any other documents and evidences as the Secretary of the
Company  shall  require  from  time  to  time.

          (4)  Any  Option  granted  under  the  Plan  may  be  exercised  by  a
broker-dealer  acting  on  behalf  of a Participant if (i) the broker-dealer has
received  from  the  Participant  or  the  Company  a  duly  endorsed  agreement
evidencing such Option and instructions signed by the Participant requesting the
Company  to  deliver  the  shares  of Common Stock subject to such Option to the
broker-dealer on behalf of the Participant and specifying the account into which
such  shares  should  be  deposited,  (ii) adequate provision has been made with
respect  to  the  payment  of  any withholding taxes due upon such exercise, and
(iii) the broker-dealer and the Participant have otherwise complied with Section
220.3(e)(4)  of  Regulation  T,  12  CFR  Part  220.

          (5)  Certificates  for  shares  of  Common  Stock  purchased  upon the
exercise  of  an  Option  shall  be  issued  in  the name of the Participant and
delivered to the Participant as soon as practicable following the effective date
on which the Option is exercised; provided, however, that such delivery shall be
effected  for all purposes when a stock transfer agent of the Company shall have
deposited  such  certificates  in  the  United  States  mail,  addressed  to the
Participant.

          (6)  During  the  lifetime of a Participant each Option granted to him
shall  be exercisable only by him. No Option shall be assignable or transferable
otherwise  than  by  will  or  by  the  laws  of  descent  and  distribution.

     (d)  Limitations  on  Grant  of  Incentive  Stock  Options

          (1)  The  aggregate  Fair  Market Value of shares of Common Stock with
respect  to  which "incentive stock options" (within the meaning of Section 422,
without regard to Section 422(d) of the Code) are exercisable for the first time
by  a  Participant  during any calendar year under the Plan (and any other stock
option  plan  of the Company, or any subsidiary of the Company) shall not exceed
$100,000.  Such  Fair  Market  Value shall be determined as of the date on which
each  such  Incentive  Stock  Option  is granted.  If such aggregate Fair Market
Value  of shares of Common Stock underlying such Incentive Stock Options exceeds
$100,000,  then  Incentive  Stock  Options granted hereunder to such Participant
shall,  to the extent and in the order required by Regulations promulgated under
the Code (or any other authority having the force of Regulations), automatically
be  deemed to be Non-Qualified Stock Options, but all other terms and provisions
of  such  Incentive Stock Options shall remain unchanged. In the absence of such
Regulations  (and  authority),  or if such Regulations (or authority) require or
permit  a  designation  of the options which shall cease to constitute Incentive
Stock  Options,  Incentive Stock Options shall, to the extent of such excess and
in  the  order  in  which  they  were  granted,  automatically  be  deemed to be
Non-Qualified  Stock  Options,  but  all  other  terms  and  provisions  of such
Incentive  Stock  Options  shall  remain  unchanged.

          (2)  No  Incentive Stock Option may be granted to an individual if, at
the  time  of  the  proposed grant, such individual owns, directly or indirectly
(based  on the attribution rules in Section 424(d) of the Code) stock possessing
more than ten percent of the total combined voting power of all classes of stock
of the Company or any of its subsidiaries, unless (i) the exercise price of such
Incentive  Stock  Option is at least 110% of the Fair Market Value of a share of
Common  Stock  at  the time such Incentive Stock Option is granted and (ii) such
Incentive  Stock  Option  is  not exercisable after the expiration of five years
from  the  date  such  Incentive  Stock  Option  is  granted.

     (e)  Effect  of  Termination  of  Employment  or  Service

<PAGE>
          (1)  If  the  employment  or service of a Participant with the Company
shall  terminate  for  any  reason  other  than  Cause,  "permanent  and  total
disability"  (within the meaning of Section 22(e)(3) of the Code), the voluntary
retirement of an employee in accordance with the Company's  retirement policy as
then  in  effect, the death of the Participant, then (i) Options granted to such
Participant,  to  the  extent  that  they were exercisable at  the  time of such
termination,  shall  remain  exercisable until the expiration of one month after
such  termination,  on which date they shall expire, and (ii) Options granted to
such  Participant,  to the extent that they  were not exercisable at the time of
such  termination,  shall  expire  at  the close of business on the date of such
termination;  provided,  however,  that no Option shall be exercisable after the
expiration  of  its  term.

          (2)  If  the  employment  or service of a Participant with the Company
shall  terminate as a result of the "permanent and total disability" (within the
meaning  of  Section  22(e)(3)  of  the  Code) of the Participant, the voluntary
retirement  of an employee in accordance with the Company's retirement policy as
then  in  effect,  or  the death of the Participant, then (i) Options granted to
such  Participant, to the extent that they were exercisable at the  time of such
termination,  shall  remain  exercisable  until the expiration of one year after
such  termination, on which date they shall  expire, and (ii) Options granted to
such  Participant,  to  the extent that they were not exercisable at the time of
such  termination,  shall  expire  at  the close of business on the date of such
termination;  provided,  however,  that no Option shall be exercisable after the
expiration  of  its  term.

          (3)  In  the event of the termination of a Participant's employment or
service  for  Cause,  all  outstanding Options granted to such Participant shall
expire  at  the  commencement  of  business  on  the  date  of such termination.

     (f)  Acceleration  of  Exercise  Date  Upon  Change  in  Control

     Upon the occurrence of a Change in Control and termination of employment of
Participant within one year of such Change in Control, each Option granted under
the  Plan  and  outstanding  at  such  time  shall  become fully and immediately
exercisable  and  shall  remain exercisable until its expiration, termination or
cancellation  pursuant  to  the  terms  of  the  Plan.

7.   RESTRICTED  STOCK

     The  Committee  may  grant shares of Restricted Stock pursuant to the Plan.
Each  grant  of shares of Restricted Stock shall be evidenced by an agreement in
such  form  as  the  Committee  shall  from time to time approve.  Each grant of
shares  of  Restricted  Stock  shall comply with and be subject to the following
terms  and  conditions:

     (a)  Issue  Date  and  Vesting  Date

     At the time of the grant of shares of Restricted Stock, the Committee shall
establish  an Issue Date or Issue Dates and a Vesting Date or Vesting Dates with
respect  to  such  shares. The Committee may divide such shares into classes and
assign  a  different  Issue  Date  and/or Vesting Date for each class. Except as
provided in Sections 7(c) and 7(f) hereof, upon the occurrence of the Issue Date
with  respect  to a share of Restricted Stock, a share of Restricted Stock shall
be  issued  in  accordance with the  provisions of Section 7(d) hereof. Provided
that  all  conditions  to  the  vesting  of  a share of Restricted Stock imposed
pursuant  to  Section  7(b)  hereof  are  satisfied,  and except as provided  in
Sections  7(c)  and  7(f) hereof, upon the occurrence of the Vesting  Date  with
respect  to  a  share  of  Restricted  Stock,  such  share  shall  vest  and the
restrictions  of  Section  7(c)  hereof  shall  cease to apply  to  such  share.

     (b)  Conditions  to  Vesting

      At  the time of the grant of shares of Restricted Stock, the Committee may
impose  such  restrictions  or  conditions, not inconsistent with the provisions
hereof,  to  the  vesting  of such shares as it in its absolute discretion deems
appropriate.  By way of example and not by way of limitation,  the Committee may
require,  as  a  condition  to  the vesting of any class or classes of shares of
Restricted  Stock,  that  the  Participant  or  the  Company  achieve  certain
performance criteria, such criteria to be specified by the Committee at the time
of  the  grant  of  such  shares.

     (c)  Restrictions  on  Transfer  Prior  to  Vesting

     Prior  to  the  vesting  of  a  share of Restricted Stock, no transfer of a
Participant's  rights  with  respect  to  such  share,  whether  voluntary  or
involuntary,  by  operation  of law or otherwise, shall vest the transferee with
any interest or right in or with respect to such share, but immediately upon any
attempt  to  transfer  such  rights,  such  share, and all of the rights related
thereto,  shall be forfeited by the Participant and the transfer shall  be of no
force  or  effect.

<PAGE>
     (d)  Issuance  of  Certificates

          (1)  Except  as  provided  in Sections 7(c) or 7(f) hereof, reasonably
promptly  after  the Issue Date with respect to shares of Restricted Stock,  the
Company  shall cause to be issued a stock certificate, registered in the name of
the  Participant  to  whom  such  shares  were granted, evidencing  such shares;
provided,  however,  that  the Company shall not cause to be issued such a stock
certificates  unless  it  has received a stock power duly endorsed in blank with
respect  to  such  shares.  Each such stock certificate shall bear the following
legend:

               "The  transferability  of  this  certificate  and  the  shares of
stock  represented  hereby  are  subject  to  the  restrictions,  terms  and
conditions  (including forfeiture and restrictions against  transfer)  contained
in  the Boots & Coots International Well Control, Inc.--2004 Long Term Incentive
Plan  and  an Agreement entered into between the registered owner of such shares
and  Boots  &  Coots  International  Well  Control,  Inc. A copy of the Plan and
Agreement  is  on  file  in  the  office  of  the  Secretary  of  Boots  & Coots
International  Well Control, Inc., 11615 N. Houston Rosslyn Road, Houston, Texas
77086."

     Such  legend  shall  not  be  removed  from the certificate evidencing such
shares  until  such  shares  vest  pursuant  to  the  terms  hereof.

     (2) Each certificate issued pursuant to Paragraph 7 (d)(1) hereof, together
with  the  stock  powers relating to the shares of Restricted Stock evidenced by
such  certificate,  shall be held by the Company. The Company shall issue to the
Participant  a  receipt  evidencing  the  certificates  held  by  it  which  are
registered  in  the  name  of  the  Participant.

     (e)  Consequences  Upon  Vesting

      Upon  the  vesting  of  a  share of Restricted Stock pursuant to the terms
hereof,  the  restrictions  of  Section 7(c) hereof shall cease to apply to such
share.  Reasonably  promptly after a share of Restricted Stock vests pursuant to
the  terms  hereof,  the  Company  shall cause to be issued and delivered to the
Participant  to  whom  such  shares  were granted, a certificate evidencing such
share,  free of the legend set forth in Paragraph 7 (d)(1) hereof, together with
any  other  property of the Participant held by Company pursuant to Section 7(d)
hereof;  provided,  however,  that  such  delivery  shall  be  effected  for all
purposes  when  the  Company  shall  have  deposited  such certificate and other
property  in  the  United  States  mail,  addressed  to  the  Participant.

     (f)  Effect  of  Termination  of  Employment  or  Service

          (1)  If  the  employment  or service of a Participant with the Company
shall  terminate  for any reason other than Cause prior to the vesting of shares
of  Restricted  Stock  granted to such Participant, a portion of such shares, to
the extent not forfeited or canceled on or prior to such termination pursuant to
any  provision  hereof, shall vest on the date of such termination.  The portion
referred  to  in  the preceding sentence shall be determined by the Committee at
the time of the grant of such shares of Restricted Stock and may be based on the
achievement  of  any  conditions  imposed  by the Committee with respect to such
shares  pursuant  to  Section  7(b).  Such  portion  may  equal  zero.

          (2)  In  the event of the termination of a Participant's employment or
service  for  Cause,  all shares of Restricted Stock granted to such Participant
which  have  not  vested as of the date of such termination shall immediately be
forfeited.

     (g)  Effect  of  Change  in  Control

     Upon the occurrence of a Change in Control and termination of employment of
Participant  within one year of such Change in Control, all shares of Restricted
Stock  which  have not theretofore vested (including those with respect to which
the  Issue  Date  has  not  yet  occurred)  shall  immediately  vest.

8.   PHANTOM  STOCK

     The Committee may grant shares of Phantom Stock pursuant to the Plan.  Each
grant of shares of Phantom Stock shall be evidenced by an agreement in such form
as  the  Committee  shall  from  time  to time approve.  Each grant of shares of
Phantom  Stock  shall  comply  with  and  be  subject to the following terms and
conditions:

     (a)  Vesting  Date

<PAGE>
          At  the  time  of  the grant of shares of Phantom Stock, the Committee
shall establish a Vesting Date or Vesting Dates with respect to such shares. The
Committee  may  divide  such  shares into classes and assign a different Vesting
Date  for  each class. Provided that all conditions to the vesting of a share of
Phantom  Stock imposed pursuant to Section 8(c) hereof are satisfied, and except
as provided in Section 8(d) hereof, upon the occurrence of the Vesting Date with
respect  to  a  share  of  Phantom  Stock,  such  share  shall  vest.

     (b)  Benefit  Upon  Vesting

          Upon  the  vesting of a share of Phantom Stock, a Participant shall be
entitled  to  receive  in  cash,  within 90 days of the date on which such share
vests,  an  amount in cash in a lump sum equal to the sum of (i) the Fair Market
Value  of a share of Common Stock of the Company on the date on which such share
of Phantom Stock vests and (ii) the aggregate amount of cash dividends paid with
respect  to  a share of Common Stock of the Company during the period commencing
on  the  date on which the share of Phantom Stock was granted and terminating on
the  date  on  which  such  share  vests.

     (c)  Conditions  to  Vesting

          At the time of the grant of shares of Phantom Stock, the Committee may
impose  such  restrictions  or  conditions, not inconsistent with the provisions
hereof,  to  the  vesting of such shares as it, in its absolute discretion deems
appropriate.  By  way  of example and not by way of imitation, the Committee may
require,  as  a  condition  to  the vesting of any class or classes of shares of
Phantom  Stock,  that the Participant or the Company achieve certain performance
criteria,  such  criteria  to  be  specified by the Committee at the time of the
grant  of  such  shares.

     (d)  Effect  of  Termination  of  Employment  or  Service

          (1)  If  the  employment  or service of a Participant with the Company
shall  terminate  for any reason other than Cause prior to the vesting of shares
of  Phantom  Stock  granted to such Participant a portion of such shares, to the
extent not forfeited or canceled on or prior to such termination pursuant to any
provision  hereof,  shall  vest  on  the  date  of such termination. The portion
referred  to  in  the preceding sentence shall be determined by the Committee at
the  time  of  the grant of such shares of Phantom Stock and may be based on the
achievement  of  any  conditions  imposed  by the Committee with respect to such
shares  pursuant  to  Section  8(c).  Such  portion  may  equal  zero.

          (2)  In  the event of the termination of a Participant's employment or
service for Cause, all shares of Phantom Stock granted to such Participant which
have  not  vested  as  of  the  date  of  such  termination shall immediately be
forfeited.

     (e)  Effect  of  Change  in  Control

     Upon the occurrence of a Change in Control and termination of employment of
Participant  within  one  year of Change in Control, all shares of Phantom Stock
which  have  not  theretofore  vested  shall  immediately  vest.

9.   STOCK  BONUSES

     The  Committee may, in its absolute discretion, grant Stock Bonuses in such
amounts as it shall determine from time to time.  A Stock Bonus shall be paid at
such time and subject to such conditions as the Committee shall determine at the
time  of the grant of such Stock Bonus.  Certificates for shares of Common Stock
granted  as a Stock Bonus shall be issued in the name of the Participant to whom
such  grant  was  made  and delivered to such Participant as soon as practicable
after  the  date  on  which  such  Stock  Bonus  is  required  to  be  paid.

10.  CASH  BONUSES

     The Committee may, in its absolute discretion, grant in connection with any
grant  of  Restricted  Stock  or  Stock  Bonus or at any time thereafter, a cash
bonus,  payable  promptly after the date on which the Participant is required to
recognize  income  for  federal  income  tax  purposes  in  connection with such
Restricted  Stock  or  Stock  Bonus,  in  such  amounts  as  the Committee shall
determine  from  time  to  time;  provided,  however, that in no event shall the
amount  of  a  Cash  Bonus exceed the Fair Market Value of the related shares of
Restricted  Stock or Stock Bonus on such date.  A Cash Bonus shall be subject to
such  conditions  as  the  Committee shall determine at the time of the grant of
such  Cash  Bonus.

11.  ADJUSTMENT  UPON  CHANGES  IN  COMMON  STOCK

<PAGE>
     (a)  Outstanding  Restricted  Stock  and  Phantom  Stock

          Unless  the Committee in its absolute discretion otherwise determines,
if  a Participant receives any securities or other property (including dividends
paid  in  cash) with respect to a share of Restricted Stock, the Issue Date with
respect  to which occurs prior to such event, but which has not vested as of the
date  of  such event, as a result of any dividend, stock split recapitalization,
merger,  consolidation,  combination,  exchange  of  shares  or  otherwise, such
securities  or other property will not vest until such share of Restricted Stock
vests,  and shall be held by the Company pursuant to Paragraph 7 (d) (2) hereof.
The  Committee  may,  in  its absolute discretion, adjust any grant of shares of
Restricted  Stock,  the  Issue Date with respect to which has not occurred as of
the  date  of  the  occurrence  of  any of the following events, or any grant of
shares of Phantom Stock, to reflect any dividend, stock split, recapitalization,
merger,  consolidation,  combination,  exchange  of  shares or similar corporate
change  as  the  Committee  may  deem  appropriate to prevent the enlargement or
dilution  of  rights  of  Participants  under  the  grant.

     (b)  Outstanding  Options,  Increase  or  Decrease in Issued Shares Without
Consideration.

            Subject  to  any required action by the shareholders of the Company,
in  the  event  of  any  increase  or decrease in the number of issued shares of
Common  Stock  resulting from a subdivision or consolidation of shares of Common
Stock  or  the  payment  of  a  stock dividend (but only on the shares of Common
Stock),  or any other increase or decrease in the number of such shares effected
without  receipt  of  consideration  by  the  Company,  the  Committee  shall
proportionally  adjust  the number of shares and the exercise price per share of
Common  Stock  subject  to  each  outstanding  Option.

     (c)  Outstanding  Options,  Certain  Mergers

            Subject  to  any required action by the shareholders of the Company,
if the Company shall be the surviving corporation in any merger or consolidation
(except  a merger of consolidation as a result of which the holders of shares of
Common Stock receive securities of another corporation), each Option outstanding
on  the  date  of  such merger or consolidation shall entitle the Participant to
acquire  upon  exercise the securities which a holder of the number of shares of
Common  Stock  subject  to  such  Option  would  have received in such merger or
consolidation.

     (d)  Outstanding  Options,  Certain  Other  Transactions

            In  the event of a dissolution or liquidation of the Company, a sale
of  all  or substantially all of the Company's assets, a merger or consolidation
involving the Company in which the Company is not the surviving corporation or a
merger  or  consolidation  involving  the  Company  in  which the Company is the
surviving  corporation  but  the  holders  of  shares  of  Common  Stock receive
securities  of  another  corporation  and/or other property, including cash, the
Committee  shall,  in  its  absolute  discretion,  have  the  power  to:

     (1)  cancel,  effective  immediately prior to the occurrence of such event,
each  Option  outstanding  immediately  prior to such event (whether or not then
exercisable),  and,  in  full  consideration  of  such  cancellation, pay to the
Participant to whom such Option was granted an amount in cash, for each share of
Common  Stock  subject  to  such Option equal to the excess of (A) the value, as
determined  by  the  Committee  in  its  absolute  discretion,  of  the property
(including  cash)  received by the holder of a share of Common Stock as a result
of  such  event  over  (B)  the  exercise  price  of  such  Option;  or

          (2)  provide  for  the exchange of each Option outstanding immediately
prior  to  such event (whether or not then exercisable) for an option on some or
all  of  the property for which such Option is exchanged  and, incident thereto,
make  an  equitable  adjustment  as  determined by the Committee in its absolute
discretion  in  the  exercise  price  of  the option, or the number of shares or
amount  of property subject to the option or, if appropriate, provide for a cash
payment  to  the  Participant  to  whom  such  Option  was  granted  in  partial
consideration  for  the  exchange  of  the  Option.

     (e)  Outstanding  Options/Other  Changes

     In  the  event  of  any  change  in  the  capitalization  of the Company or
corporate  change  other  than  those  specifically  referred  to  in  Sections
11(b),  (c)  or  (d) hereof, the Committee may, in its absolute discretion, make
such  adjustments  in  the  number  and  class  of  shares  subject  to  Options
outstanding  on  the  date  on  which  such  change  occurs and in the per share
exercise  price  of  each  such Option as the Committee may consider appropriate
to  prevent  dilution  or  enlargement  of  rights.

<PAGE>
     (f)  No  Other  Rights

          Except  as  expressly  provided in the Plan, no Participant shall have
any  rights  by reason of any subdivision or consolidation of shares of stock of
any  class,  the payment of any dividend, any increase or decrease in the number
of  shares  of  stock  of  any  class or any dissolution, liquidation, merger or
consolidation  of  the  Company or any  other  corporation.  Except as expressly
provided  in  the  Plan,  no  issuance  by the Company of shares of stock of any
class,  or  securities  convertible  into  shares  of  stock of any class, shall
affect,  and  no adjustment by reason thereof shall be made with respect to, the
number  of  shares of Common Stock subject to an Incentive Award or the exercise
price  of  any  Option.

12.  RIGHTS  AS  A  SHAREHOLDER

     No person shall have any rights as a shareholder with respect to any shares
of  Common  Stock covered by or relating to any Incentive Award granted pursuant
to  this Plan until the date of the issuance of a stock certificate with respect
to such shares.  Except as otherwise expressly provided in Section 11 hereof, no
adjustment  to  any  Incentive Award shall be made for dividends or other rights
for  which  the  record  date occurs prior to the date such stock certificate is
issued.

13.  NO SPECIAL EMPLOYMENT RIGHTS; NO RIGHT TO INCENTIVE AWARD

     Nothing  contained in the Plan or any Incentive Award shall confer upon any
Participant  any  right  with  respect  to the continuation of his employment or
service  by  the  Company or interfere in any way with the right of the Company,
subject  to  the terms of any separate employment or consulting agreement to the
contrary,  at any time to terminate such employment or service or to increase or
decrease  the  compensation of the Participant from the rate in existence at the
time  of  the  grant  of  an  Incentive  Award.

     No  person  shall  have  any  claim  or right to receive an Incentive Award
hereunder.  The  Committee's  granting of an Incentive Award to a Participant at
any time shall neither require the Committee to grant an Incentive Award to such
Participant  or  any  other Participant or other person at any time nor preclude
the  Committee  from  making  subsequent grants to such Participant or any other
Participant  or  other  person.

14.  SECURITIES  MATTERS

          (a)     The  Company  shall  be  under  no  obligation  to  effect the
registration  pursuant to the Securities Act of any shares of Common Stock to be
issued  hereunder  or  to  effect  similar  compliance  under  any  state  laws.
Notwithstanding  anything  herein  to  the  contrary,  the  Company shall not be
obligated  to cause to be issued or delivered any certificates evidencing shares
of  Common Stock pursuant to the Plan unless and until the Company is advised by
its counsel that the issuance and delivery of such certificates is in compliance
with  all  applicable  laws,  regulations  of  governmental  authority  and  the
requirements  of  any  securities  exchange  on which shares of Common Stock are
traded.  The  Committee may require, as a condition of the issuance and delivery
of certificates evidencing shares of Common Stock pursuant to  the terms hereof,
that  the  recipient  of  such  shares  make  such  covenants,  agreements  and
representations,  and  that  such  certificates  bear  such  legends,  as  the
Committee, in its sole discretion, deems necessary or desirable.

          (b)     The  exercise  of  any  Option granted hereunder shall only be
effective  at such time as counsel to the Company shall have determined that the
issuance  and delivery of shares of Common Stock pursuant to such exercise is in
compliance with all applicable laws, regulations of governmental authorities and
the  requirements of any securities exchange on which shares of Common Stock are
traded.  The Company may, in its sole discretion, defer the effectiveness of any
exercise of an Option granted hereunder in order to allow the issuance of shares
of  Common  Stock  pursuant  thereto  to  be made pursuant to registration or an
exemption  from  registration  or  other  methods for compliance available under
federal  or  state securities laws.  The Company shall inform the Participant in
writing  of its decision to defer the effectiveness of the exercise of an Option
granted  hereunder.  During the period that the effectiveness of the exercise of
an  Option  has  been deferred, the Participant may, by written notice, withdraw
such  exercise  and  obtain the refund of any amount paid with respect  thereto.

15.  WITHHOLDING  TAXES

     Whenever  shares  of  Common Stock are to be issued upon the exercise of an
Option, the occurrence of the Issue Date or Vesting Date with respect to a share
of  Restricted Stock or the payment of a Stock Bonus, the Company shall have the

<PAGE>
right  to  require  the  Participant  to  remit to the Company in cash an amount
sufficient  to satisfy federal, state and local withholding tax requirements, if
any,  attributable to such exercise, occurrence or payment prior to the delivery
of any certificate or certificates for such shares.  In addition, upon the grant
of  a  Cash  Bonus or the making of a payment with respect to a share of Phantom
Stock,  the  Company  shall  have  the  right  to withhold from any cash payment
required  to  be  made  pursuant  thereto  an  amount  sufficient to satisfy the
federal,  state  and local withholding tax requirements, if any, attributable to
such  exercise or grant.  No payment shall be made and no shares of Common Stock
shall  be issued pursuant to any Incentive Award unless and until the applicable
tax  withholding  obligations  have  been  satisfied.

16.  AMENDMENT  OF  THE  PLAN

     The  Board  of Directors may at any time suspend or discontinue the Plan or
revise  or  amend  it in any respect whatsoever; provided, however, that without
approval  of  the  shareholders  no  revision  or  amendment shall (i) except as
provided  in  Section  11  hereof, increase the number of shares of Common Stock
that may be issued as Incentive Options under the Plan, (ii) materially increase
the  benefits  accruing to individuals holding Incentive Awards granted pursuant
to  the  Plan  or (iii) materially modify the requirements as to eligibility for
participation  in  the  Plan.

17.  NO  OBLIGATION  TO  EXERCISE

     The  grant  to  a  Participant of an Option shall impose no obligation upon
such  Participant  to  exercise  such  Option.

18.  TRANSFERS  UPON  DEATH

     Upon  the  death  of a Participant, outstanding Incentive Awards granted to
such Participant may be exercised only by the executors or administrators of the
Participant's  estate  or  by any person or persons who shall have acquired such
right  to  exercise  by  will  or  by  the laws of descent and distribution.  No
transfer by will or the laws of descent and distribution of any Incentive Award,
or  the  right  to  exercise any Incentive Award, shall be effective to bind the
Company  unless  the Committee shall have been furnished with (a) written notice
thereof  and  with  a copy of the will and/or such evidence as the Committee may
deem necessary to establish the validity of the transfer and (b) an agreement by
the  transferee  to  comply  with  all the terms and conditions of the Incentive
Award  that are or would have been applicable to the Participant and to be bound
by  the  acknowledgments made by the Participant in connection with the grant of
the  Incentive  Award.

19.  EXPENSES  AND  RECEIPTS

     The  expenses  of  the  Plan  shall  be  paid by the Company.  Any proceeds
received  by the Company in connection with any Incentive Award will be used for
general  corporate  purposes.

20.  FAILURE  TO  COMPLY

     In  addition  to the remedies of the Company elsewhere provided for herein,
failure  by  a Participant to comply with any of the terms and conditions of the
Plan  or  the  agreement  executed  by  such Participant evidencing an Incentive
Award, unless such failure is remedied by such Participant within ten days after
having  been notified of such failure by the Committee, shall be grounds for the
cancellation  and forfeiture of such Incentive Award, in whole or in part as the
Committee,  in  its  absolute  discretion,  may  determine.

21.  EFFECTIVE  DATE  AND  TERM  OF  PLAN

     The  Plan  was  adopted by the Board of Directors effective March 25, 2004,
subject  to  approval  by  the  shareholders  of  the Company in accordance with
applicable law, the requirements of Sections 162(m) and 422 of the Code, and the
requirements  of  Rule  16b-3  under  Section  16(b)  of  the  Exchange Act.  No
Incentive  Award  may  be granted under the Plan after March 24, 2014. Incentive
Awards  may  be  granted under the Plan at any time prior to the receipt of such
shareholder  approval;  provided, however, that each such grant shall be subject
to  such  approval.  Without  limitation  on  the  foregoing,  no  Option may be
exercised  prior  to the receipt of such approval, no share certificate shall be
issued  pursuant  to  a  grant  of  Restricted Stock or Stock Bonus prior to the
receipt of such approval and no Cash Bonus or payment with respect to a share of
Phantom  Stock shall be paid prior to the receipt of such approval.  If the Plan
is  not  approved by the Company's shareholders, then the Plan and all Incentive
Awards then outstanding hereunder shall forthwith automatically terminate and be
of  no  force  and  effect.

<PAGE>
     IN WITNESS WHEREOF, this Plan has been executed in Houston, Texas this 24th
day  of  March,  2004.

                               BOOTS & COOTS INTERNATIONAL WELL CONTROL, INC.

                               By:  /s/ Jerry Winchester
                                    --------------------
                                    Name:  Jerry Winchester
                                    Title: President and Chief Executive Officer

<PAGE>

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