Document:

exv10w1

Exhibit 10.1

June 1, 2010

Mr. Dale E. Cantwell

669 Emerson Street

Denver, Colorado 80218

Dear Dale:

This letter agreement (the “Letter Agreement”) sets forth the terms and conditions of your
consulting arrangement with Resolute Energy Corporation, a Delaware corporation (“Resolute”). You
will serve Resolute in a consulting capacity for a period commencing on June 1, 2010 and continuing
for up to 12 months (the “Consulting Term”). Notwithstanding the Consulting Term, you or Resolute
may terminate this consulting arrangement at any time, for any reason or no reason, upon written
notice.

During the Consulting Term, you will consult with and advise Resolute as requested by the President
or CEO with respect to the following matters with the ultimate goal of mentoring and training
Resolute employees to completely handle all projects (the “Consulting Services”):

	 	•	 	You will continue to have a major role in the CO2 compression reconfiguration
and gas plant project in the Aneth and McElmo Units of Greater Aneth Field. This will be
your major focus and you will work with Vice President of Operations and the senior members
of the project team to (i) bring the Aneth Unit portion of Phase I of this project to
substantial completion, (ii) to advance the McElmo Creek Unit portion of Phase 1 to the
beginning of major construction point, and (iii) to advance substantially the gas plant
engineering and planning. As part of this effort, you will assist in the recruiting of the
additional senior personnel needed to successfully pursue the project.
	 
	 	•	 	You will continue to work on the potential joint venture and/or marketing arrangements
with Kinder Morgan regarding the compression and plant facilities to be constructed in the
Greater Aneth Field, and the natural gas to be separated at such facilities.
	 
	 	•	 	You will continue to assist on crude oil, natural gas and natural gas liquids marketing
strategies, and you will help train Pat Flynn in these areas.
	 
	 	•	 	You will continue to assist with respect to CO2  procurement and
contracting strategies.
	 
	 	•	 	You will provide context and history as requested regarding past practices and operating
decisions generally.
	 
	 	•	 	You will assist and consult on other matters as mutually agreed upon.

Your status while performing the Consulting Services will be that of an independent contractor and
not that of an employee of Resolute. No income tax or payroll tax will be withheld or paid by the
Company on your behalf for any payment under this Agreement, except as may be required by law for
payments to independent contractors. You will be responsible for payment of your estimated
federal, state and local income taxes, self-employment taxes, social security

 

 

Mr. Dale E. Cantwell

June 1, 2010

Page 2

taxes and any other taxes, fees and withholdings that may accrue relative to your compensation
hereunder. You must obtain and keep current, at your own expense, all permits, certificates, and
licenses necessary for you to perform the Consulting Services, if any. As of June 1, 2010, you
will not be able to participate in Resolute’s employee benefit plans, including, without
limitation, participation in the Company’s 401(k) Plan.

As compensation for the Consulting Services, Resolute shall pay you $30,000 per month, due and
payable monthly on a mutually convenient schedule. In addition, you will be paid a cash bonus of
$300,000 at the end of the Consulting Term provided you have contributed in good faith (recognizing
that you do not have control to cause such events to occur) toward the goals of (i) substantially
completing the Aneth Unit portion of Phase 1 of the compression reconfiguration by such time, and
(ii) bringing to the major construction phase the McElmo Creek portion of such project and
advancing the planning for the gas plant project. In the event you are performing the Consulting
Services in good faith and Resolute terminates this agreement prior to the end of the Consulting
Term then the $300,000 bonus shall be immediately payable. In addition, Resolute will reimburse
you for the reasonable expenses you incur in relation to the Consulting Services.

You shall use your reasonable efforts to exercise the level of care and skill ordinarily exercised
by other professional consultants acting under similar circumstances in performing your obligations
under this Letter Agreement. Resolute agrees to indemnify you to the same extent officers and
directors of Resolute are indemnified under the Amended and Restated Certificate of Incorporation
of Resolute and their respective indemnification agreements, for liability, loss and expense that
arise out of or relate to you by reason of providing the Consulting Services. You also hereby
acknowledge that you remain subject to the terms and conditions of that certain Confidentiality and
Noncompete Agreement, by and between you and Resolute Natural Resources Company, dated as of
January 23, 2004 (the “Confidentiality and Noncompete Agreement”). Upon expiration of the
Consulting Term or upon termination of this Letter Agreement, you agree to return all Related
Parties’ Business Records (as such term is defined in the Confidentiality and Noncompete Agreement)
in your possession.

You are solely responsible for all of your own insurance and shall at all times maintain such types
and amounts of insurance coverage (including liability insurance) as is acceptable or required by
Resolute. No workers’ compensation insurance or unemployment compensation insurance will be
obtained by Resolute on your behalf. You shall solely be responsible for obtaining unemployment
compensation insurance and workers’ compensation insurance for yourself, and you shall solely be
responsible for complying with all applicable workers’ compensation and unemployment compensation
laws.

Notices. All notices required or permitted under this Agreement shall be in writing and
shall be deemed effective upon personal delivery or upon deposit in the United States Post Office,
by registered or certified mail, postage prepaid, addressed as follows:

 

 

Mr. Dale E. Cantwell

June 1, 2010

Page 3

	 	 	 

	Resolute:

	 	Consultant:
	 
	 	 
	Resolute Energy Corporation

	 	Dale E. Cantwell
	1675 Broadway, Suite 1950

	 	669 Emerson St.
	Denver, Colorado 80202

	 	Denver, CO 80218

This Letter Agreement and the Confidentiality and Noncompete Agreement embody the complete
agreement and understanding among the parties regarding the Consulting Services. This Letter
Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of Delaware without regard to conflict of law principles thereunder.

If you agree to the terms of this Letter Agreement, please sign and return this letter to me.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	/s/ James M. Piccone	 
	 	James M. Piccone 	 
	 	President 	 
	 

	 	 	 	 	 

	AGREED AND ACKNOWLEDGED
 	 	 
	 
	 	 	 	 
	/s/ Dale E. Cantwell	 	 
	Dale E. Cantwell	 	 
	Date:
	 	June 24, 2010exv10w2

Exhibit 10.2

June 1, 2010

Ms. Janet W. Pasque

7015 South Cook Way

Centennial, Colorado 80122

Dear Janet:

This letter agreement (the “Letter Agreement”) sets forth the terms and conditions of your
consulting arrangement with Resolute Energy Corporation, a Delaware corporation (“Resolute”). You
will serve Resolute in a consulting capacity for a period commencing on June 1, 2010 and
terminating on December 31, 2010 (the “Consulting Term”). Notwithstanding the Consulting Term, you
or Resolute may terminate this consulting arrangement at any time, for any reason or no reason,
upon written notice. 

During the Consulting Term, you will consult with and advise the officers and Board of Directors of
Resolute, as requested by them, with respect to (i) executive level support for Resolute’s land
development, (ii) acquisition and divestiture efforts, (iii) the training and transition of Bill
Alleman into the position of Vice President, Land, (iv) the executive search process and hiring of
an Acquisitions and Divestitures executive, and (v) any other matters involving Resolute’s business
and affairs as requested by the CEO or President (the “Consulting Services”).

Your status while performing services under this Letter Agreement will be that of an independent
contractor and not that of an employee of Resolute.

No income tax or payroll tax will be withheld or paid by the Company on your behalf for any payment
under this Agreement, except as may be required by law for payments to independent contractors.
You will be responsible for payment of your estimated federal, state and local income taxes,
self-employment taxes, social security taxes and any other taxes, fees and withholdings that may
accrue relative to your compensation hereunder. You must obtain and keep current, at your own
expense, all permits, certificates, and licenses necessary for you to perform the Consulting
Services, if any. As of June 1, 2010, you will not be able to participate in Resolute’s employee
benefit plans, including, without limitation, participation in the Company’s 401(k) Plan.

As compensation for the Consulting Services, Resolute shall pay you $30,000 per month, due and
payable monthly on a mutually convenient schedule, for the period during which this Letter
Agreement remains in force. Resolute will reimburse you for the reasonable expenses you incur in
relation to the Consulting Services. In consideration of your entering into this Agreement,
Resolute agrees that you are eligible for a cash bonus under the terms of Resolute’s Short Term

 

 

Janet W. Pasque

June 1, 2010

Page 2

Incentive program as described in Resolute’s 2010 Proxy Statement pro-rated for the 5/12ths of 2010
that you served as Senior Vice President. If you perform the Consulting Services in good faith,
the CEO in his discretion may increase the pro-rating fraction by any amount up to 1. If you are
performing the Consulting Services in good faith and Resolute terminates this Agreement prior to
the end of the Consulting Term without cause, the pro-rating fraction will automatically be
increased to 1.

You hereby agree to use your reasonable efforts to exercise the level of care and skill ordinarily
exercised by other professional consultants acting under similar circumstances in performing your
obligations under this Letter Agreement. Resolute agrees to indemnify you to the same extent
officers and directors of Resolute are indemnified under the Amended and Restated Certificate of
Incorporation of Resolute and their respective indemnification agreements, for liability, loss and
expense that arise out of or relate to you by reason of providing the Consulting Services. You
also hereby acknowledge that you remain subject to the terms and conditions of that certain
Confidentiality and Noncompete Agreement, by and between you and Resolute Natural Resources
Company, dated as of January 23, 2004 (the “Confidentiality and Noncompete Agreement”). Upon
expiration of the Consulting Term or upon termination of this Letter Agreement, you agree to return
all Related Parties’ Business Records (as such term is defined in the Confidentiality and
Noncompete Agreement) in your possession.

You are solely responsible for all of your own insurance and shall at all times maintain such types
and amounts of insurance coverage (including liability insurance) as is acceptable or required by
Resolute. No workers’ compensation insurance or unemployment compensation insurance will be
obtained by Resolute on your behalf. You shall solely be responsible for obtaining unemployment
compensation insurance and workers’ compensation insurance for yourself, and you shall solely be
responsible for complying with all applicable workers’ compensation and unemployment compensation
laws.

All notices required or permitted under this Agreement shall be in writing and shall be deemed
effective upon personal delivery or upon deposit in the United States Post Office, by registered or
certified mail, postage prepaid, addressed as follows:

	 	 	 

	Resolute:

	 	Consultant:
	 
	 	 
	Resolute Energy Corporation

	 	Janet W. Pasque
	1675 Broadway, Suite 1950

	 	7015 South Cook Way
	Denver, Colorado 80202

	 	Centennial, Colorado 80122

This Letter Agreement and the Confidentiality and Noncompete Agreement embody the complete
agreement and understanding among the parties regarding the Consulting Services. This Letter
Agreement shall be governed by and construed and enforced in accordance with the laws of the State
of Delaware without regard to conflict of law principles thereunder.

 

 

Janet W. Pasque

June 1, 2010

Page 3

If you agree to the terms of this Letter Agreement, please sign and return this letter to Resolute.

	 	 	 	 	 
	 	Sincerely,

 	 
	 	/s/ James M. Piccone	 
	 	James M. Piccone 	 
	 	President 	 
	 

	 	 	 	 	 

	AGREED AND ACKNOWLEDGED
 	 	 
	 
	 	 	 	 
	/s/ Janet W. Pasque	 	 
	Janet W. Pasque	 	 
	Date:
	 	June 24, 2010

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