Document:

Lease Agreement between Caliber Texas Properties, L.P. and Diamondback -Total

 Exhibit 10.14 
 LEASE AGREEMENT 
 THIS LEASE AGREEMENT (the “Lease”) is entered into and made effective as of the
22nd day of December, 2006 (the “Effective Date”), by and between CALIBER TEXAS PROPERTIES, L.P., a
Texas limited partnership (the “Landlord”), and DIAMONDBACK-TOTAL, L.P., a Texas limited partnership (the “Tenant”). 
 WITNESSETH: 
 WHEREAS, the Landlord owns certain real property (consisting of approximately 7.349
acres, more or less) and improvements situated thereon that are physically located at 6500 U.S. 377, Tolar, Hood County, Texas and more particularly described in Exhibit “A” attached to and made a part of this Lease (the
“Property”); and 
 WHEREAS, the Landlord desires to lease to the Tenant, and the Tenants desires to lease from the
Landlord, a portion of the Property subject to the terms and conditions described in this Lease. 
 NOW, THEREFORE, in consideration of the
mutual covenants and agreements set forth in this Lease, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Landlord and the Tenant agree as follows: 
 1. LEASE. The Landlord hereby leases to the Tenant, and the Tenant hereby leases from the Landlord, the Property, subject to the terms and
conditions described in this Lease. So long as the Tenant is not in default under this Lease, the Landlord covenants that the Tenant shall peacefully and quietly have, hold and enjoy the Property during the Term. 
 2. TERM. The initial term of this Lease shall be for a period of twenty (20) years commencing from the Effective Date (the
“Initial Term”) unless earlier terminated in accordance with the terms and conditions described in this Lease. 
 2.1 Extension Term. The Tenant shall have the right to extend the Initial Term for up to two (2) additional five (5) year periods (each, an “Extension Term” and collectively with the Initial Term and
all Extension terms being collectively referred to as the “Term”) following the expiration of the Initial Term or the first Extension Term by providing the Landlord with written notice of the exercise of such right at least thirty
(30) days prior to the expiration of the Initial Term or first Extension Term, as applicable. In the event the Tenant does not exercise its right to the Extension Term, then this Lease shall expire effective as of the expiration date of the
Initial Term or the first Extension Term as applicable. 
 2.2 Terms and Conditions. All terms and conditions in
this Lease shall remain in force and effect during the Term unless otherwise agreed to in writing between the Landlord and the Tenant. 
 3.
RENT. In exchange for the leasehold rights and interests in and to the Property granted to the Tenant under this Lease, the Tenant agrees to pay to the Landlord rent in the monthly amount of $3,750.00 for the Property (the
“Rent”) during the Term. The Rent shall be paid on a monthly basis in advance by the first day of each month during the Term. Payment of the Rent shall be made to the Landlord at 14313 N. May Ave, Suite 100, Oklahoma City, Oklahoma
73134, or such other place as the Landlord may designate in writing. For the month of December 2006, Rent shall be prorated to the amount of $937.50 and shall be due upon execution of this Agreement. 
  

 3.1 Rental increase following alteration. Immediately following the completion of
a Landlord funded material alteration under Paragraph 11, Tenant agrees to pay Landlord an increased rental amount. Said increase shall be mutually agreed upon by the parties and shall be based upon the total cost of material alterations requested
by the Tenant and paid by the Landlord. 
 4. DEPOSITS. No deposit of any kind will be required in connection with this Lease.

 5. TITLE. No right, title or interest in or to the Property or the Property shall pass to or otherwise be acquired by the
Tenant other than the rights described in this Lease. 
 6. USE OF PROPERTY. During the Term, the Tenant shall not use the
Property for any illegal purposes or in violation of any applicable laws or regulations of any governmental body or authority. The Tenant shall not commit or cause any waste, or allow any waste to be committed or caused, on the Property or violate
any laws with respect to the Property. Further, the Tenant shall operate its business in a way to conform to all applicable health and safety standards. 
 7. ANIMALS. Except for guide, signal or service dogs in use by a blind, deaf or physically handicapped person or a watch dog used by the Tenant, no animals shall be allowed, even temporarily, anywhere in
or on the Property without the Landlord’s prior written consent, which consent may be withheld, conditioned or delayed at the Landlord’s discretion. 
 8. UTILITIES AND SERVICES. The Tenant shall be solely obligated and responsible for, and shall timely pay, all charges for utilities to the Property including, but not limited to, the following: water,
garbage, gas, electricity, telephone, cable, fuel, light, power, sewer and any other utility or service. 
 9. TAXES. During the
Term, the Tenant shall be solely obligated and responsible to timely pay all taxes, assessments and charges against or involving the Property and the Tenant’s personal property on the Property, and upon payment shall provide a copy of the
receipt or other proof of payment to Landlord. 
 10. ACCESS. During the Term, the Tenant shall allow the Landlord and its
employees, agents and representatives access to the Property at all reasonable times for the purpose of inspecting the Property and any other purpose not inconsistent with this Lease. 
 11. ALTERATIONS. The Tenant shall not make any material alterations, additions, installations, repairs or improvements to the Property
without the prior written consent of Landlord, which consent shall not be unreasonably withheld, conditioned or delayed. Any permitted material alterations shall be performed in a good and workmanlike quality and condition, and all costs and
expenses shall be the sole obligation of, and shall be timely paid by, the Tenant, unless otherwise agreed to in writing. Any such permitted alterations shall be in compliance with all applicable city, state and federal ordinances, regulations and
codes and shall 

  

 -2- 

 
comply with all applicable health and safety requirements. If during the Term, an ordinance, regulation, code provision or other requirement applicable to
the Property changes so as to require any additional expenditure in order to achieve compliance, such expenditure shall be paid for by the Tenant. The Tenant shall obtain any and all necessary permits for any such permitted alterations prior to
commencing the same. Upon completion, the same shall be inspected, as appropriate or as required, by the appropriate officials. Any deficiencies and/or violations identified or noted by such officials shall be repaired, replaced and/or remedied by
the Tenant at the Tenant’s sole expense and in the time frame required by such official related to such deficiency or violation or otherwise within a reasonable time frame. Any such permitted alterations made to the Property shall remain the
sole property of the Landlord upon the expiration or termination of this Lease, and the Tenant shall not be entitled to reimbursement or offset for the same; provided, that the Tenant shall have the right to remove its fixtures and other property
within a reasonable time following the expiration or termination of this Lease, provided they can be removed without damage to the property. Any damage caused must be repaired by the Tenant. In the event that any liens or other encumbrances are
filed against the Property related to or arising from any such permitted alteration, the Tenant shall be solely obligated and responsible for, and shall pay all costs including attorneys fees and costs, associated with the immediate removal of such
lien or encumbrance. 
 12. INSURANCE. During the Term, the Tenant shall, at its sole cost and expense, procure and maintain:
(i) fire and extended coverage insurance covering the Property in an amount sufficient to replace any improvements situated thereon; (ii) commercial or comprehensive general liability insurance covering the Property in an amount of not
less than One Million Dollars ($1,000,000.00) and covering for personal property damage and personal injury in an amount of not less than One Million Dollars ($1,000,000.00); and (iii) worker’s compensation insurance as required under the
laws of the State of Oklahoma, which policies shall be in a form and issued by a company reasonably acceptable to the Landlord. Such insurance must be written on an “occurrence” as opposed to a “claims made” basis. Within ten
(10) days after the Effective Date, and within thirty (30) days of the renewal date of such policy, the Tenant shall furnish to the Landlord a certificate of the insurer showing such insurance to be in force and showing the Landlord as an
additional named insured on such policy and having a loss payable clause to both the Landlord and the Tenant. Such certificate must also evidence the issuer’s agreement to provide the Landlord with written notice at least thirty (30) days
in advance of any cancellation, termination, amendment or modification to such insurance. 
 13. ASSIGNMENT. The Tenant shall not
sell, pledge or otherwise encumber or grant a lien upon or against the Property or any interest in this Lease, and the Tenant shall not sublease all or any portion of the Property or assign any of its rights, or delegate any of its duties,
obligations or responsibilities, under this Lease without the Landlord’s prior written consent, which consent may be withheld, conditioned or delayed at the Landlord’s sole discretion; provided, that the Tenant shall have the right to
sublease all or part of the Property to any of its related entities or affiliates. Consent by the Landlord to any assignment or sublease shall not be deemed to be a consent to any subsequent assignment or sublease. Any encumbrance, assignment,
sublease or transfer without the prior written consent of Landlord, whether voluntarily, by operation or law or otherwise, is void. The Tenant agrees that the Landlord may assign, sell or encumber all or any part of this Lease and the payments
hereunder, and upon written notice, the Tenant shall unconditionally pay to such assignee all Rent and other sums due under or to become due under this Lease. 
  

 -3- 

 14. SUBORDINATION. The Tenant accepts this Lease subject and subordinate to any mortgage
presently existing or hereafter arising upon any of the Property and to any renewal, extension or refinancing thereof, and the Tenant agrees that any such mortgagee or lien holder shall have the right at any time to subordinate such mortgage or
other lien to this Lease on such terms and subject to such conditions as such mortgagee may deem appropriate in its discretion. The provisions of the foregoing sentence shall be self-operative and no further instrument of subordination shall be
required. The Landlord is hereby irrevocably vested with full power and authority to subordinate this Lease to any mortgage or other lien now existing or hereafter placed upon all or any part of the Property, and the Tenant agrees within twenty
(20) days after demand to execute and deliver any instrument subordinating this Lease or attorning to the holder of any such liens as the Landlord may request; provided, that the mortgagee agrees not to disturb the Tenant’s rights under
this Lease. In the event the Tenant should fail to execute any subordination or other agreement promptly as requested, the Tenant hereby irrevocably appoints and constitutes the Landlord as its attorney-in-fact to execute such instrument in the
Tenant’s name, which power is coupled with an interest and is irrevocable. The Tenant agrees to execute and deliver any certificate or statement certifying that (i) this Lease is unmodified and in full force and effect (or if there have
been modifications, that the same is in full force and effect as so modified), (ii) the expiration date of this Lease, (iii) the dates to which Rent and other charges payable under this Lease have been paid, (iv) the Tenant has
accepted possession of the Property and that any improvements required by the terms of this Lease to be made by the Landlord have been completed to the satisfaction of the Tenant, (v) no Rent has been paid more than thirty (30) days in
advance of its due date, (vi) the Landlord is not in default hereunder (or if Tenant alleges a default stating the nature of such alleged default) and (vii) such other matters as the Landlord or any mortgagee or lien holder shall
reasonably require. 
 15. CASUALTY AND CONDEMNATION. If during the Term, the Property is materially damaged or destroyed by
fire, wind, tornado or other casualty or of any actual or threatened condemnation or eminent domain by any entity or authority having such powers so as to render the Property unsuitable for occupancy, this Lease may be terminated by the Tenant upon
written notice to the Landlord. Upon such termination, the Rent shall be prorated to the date of such casualty or taking. If the Property is only partially damaged or destroyed, the Landlord shall repair, replace and reconstruct the Property to the
condition of the Property immediately preceding such casualty or taking, and Rent during such repair shall be abated on a proportionate basis. In the event of any such casualty or taking, all awards or payments related to or arising from such
casualty or taking shall be the sole property of the Landlord, except that the Tenant shall be entitled to any award or payment made for reasonable damages to personal property owned by the Tenant, moving expenses and loss of the Tenant’s
business. 
 16. MAINTENANCE AND REPAIRS. The Tenant shall be solely obligated and responsible for: (i) maintaining and
repairing any and all parts of the Property; (ii) preventing and exterminating pests in and around the Property; (iii) maintaining any and all landscaping in and around the Property; and (iv) keeping the parking lot, sidewalks and
entryways free and clear of all debris, snow and ice. 
  

 -4- 

 17. NO WARRANTIES. The Landlord makes no express or implied warranty of any kind whatsoever
with respect to the Property, including, but not limited to, any warranty relating to the habitability of the Property. The Tenant hereby agrees that the Property is being leased “as is”, “where is” and “with all
faults”, and that all risks as between the Landlord and the Tenant are to be borne by Tenant. The Tenant hereby acknowledges that the Tenant has inspected the Property, knows the condition of the Property and accepts the Property in its
condition as of the Effective Date. 
 18. SIGNS. The Tenant shall have the right, at the Tenant’s sole cost and expense, to
install, erect and maintain upon the Property any signs as the Tenant may from time to time deem necessary or appropriate; provided, that any and all signs and installation shall comply with any and all applicable ordinances, rules, regulations and
laws and shall not permanently damage or injure the Property. Upon the expiration or termination of the Lease, the Tenant shall cause, at the Tenant’s sole cost and expense, all such signs to be immediately removed. If a sign is not immediately
removed upon the expiration or termination of the Lease, the sign shall become the sole property of the Landlord, and the sign will, at the Landlord’s option, be removed and disposed of by the Landlord. In the event a sign is removed by the
Landlord, the Tenant shall be solely obligated and responsible for, and shall promptly reimburse the Landlord for, the cost of the removal and disposal of any sign. 
 19. EVENTS OF DEFAULT. The occurrence of any of the following shall be an Event of Default under this Lease: (i) the Tenant’s failure to pay the Rent or any other amount to be paid by the Tenant
to the Landlord under this Lease within ten (10) days after the payment or amount is due and owing; (ii) the Landlord or the Tenant materially breaches, defaults or fails to perform (except for payments of any amounts due to the Landlord
under this Lease) any of the terms, conditions, covenants or agreements in this Lease within thirty (30) days after the breaching party receives written notice of such breach, default or failure from the non-breaching party; (iii) the
Tenant abandons, deserts or vacates the Property for more than ninety (90) days within any twelve (12) month period; or (iv) the Tenant becomes insolvent. For purposes of this Lease, a party shall be considered insolvent if the party:
(i) applies for or consents to the appointment of a receiver, trustee or liquidator of its assets or properties; (ii) admits in writing its inability to pay debts as the same mature or become due; (iii) makes a general assignment for
the benefit of creditors; (iv) has any material part of its assets or properties placed in the hands of a receiver, trustee or other officer or representative of a court or of creditors; (v) is adjudged bankrupt or institutes any voluntary
proceeding in insolvency or bankruptcy or for readjustment, extension or composition of debts or for any other relief of debtors; (vi) has any involuntary proceeding instituted against the party in insolvency or for readjustment, extension, or
composition of debts, which proceeding is not dismissed within sixty (60) days after the filing of the commencement of the same; or (vii) has an entry by any court of a final judgment against the party or the institution of any levy,
attachment, garnishment or charging order against the party. If a party is adjudged bankrupt, or a trustee in bankruptcy is appointed for a party, the Landlord and the Tenant, to the extent permitted by law, agree and covenant to request that the
trustee in bankruptcy determine within sixty (60) days thereafter whether to assume or to reject this Lease. 
 20.
REMEDIES. Upon the occurrence of any Event of Default, which is not cured within any applicable period, the non-breaching party shall be entitled to all rights and remedies allowed by law or equity. In addition, Landlord and the Tenant
shall have the following rights 

  

 -5- 

 
and remedies, which may be pursued successively or cumulatively as the Landlord or the Tenant may elect without any notices or demands (which notices and
demands are hereby waived) as a prerequisite to the exercise of any of its rights or remedies under this Lease, other than those notices and demands specifically required under this Lease. 
 20.1 Re-enter Property. The Landlord may re-enter the Property and cure any default of the Tenant, and upon demand, the Tenant
shall immediately reimburse the Landlord for any and all costs and expenses incurred by the Landlord in curing any such as default. The Landlord shall not be liable to the Tenant for any loss or damage which the Tenant may sustain by reason of the
Landlord’s action, regardless of whether caused by the Landlord’s negligence or otherwise. 
 20.2 Terminate
Lease. The Landlord may terminate this Lease by giving written notice to the Tenant. This Lease shall terminate as of the date stated in such notice, and the Tenant shall have no further rights, duties, obligations or responsibilities under
this Lease, except accrued payment obligations and those expressly provided to survive the expiration or termination of this Lease. 
 20.3 Terminate Right to Use. The Landlord may terminate the right of the Tenant to use and possess the Property without terminating this Lease by giving written notice to the Tenant that the Tenant’s right to use and
possess shall terminate as of the date stated in such notice. If the Landlord terminates the Tenant’s right to use and possess the Property under this Section 20.3, the Landlord shall be entitled to recover from the Tenant all Rent accrued
and unpaid for the period up to and including such termination date and all other amounts due to the Landlord including, but not limited to, any and all costs and expenses, court costs and attorneys’ fees incurred by the Landlord as a result of
or connected with the Event of Default and in the enforcement of its rights and remedies under this Lease. Any termination of the Tenant’s right to use and possess the Property shall not release the Tenant, in whole or in part, from the
Tenant’s duties, obligation and responsibilities under this Lease including, but not limited to, the payment of Rent and other amounts that may become due under this Lease for the remainder of the Term. 
 20.3.1 Reletting. The Landlord may relet all or any part of the Property for such time and upon such terms as the Landlord may
determine. The Landlord shall not be required to accept any tenant offered by the Tenant or to observe any instructions given by the Tenant related to such reletting. The Landlord may make repairs, alterations and additions in or to the Property to
the extent reasonably deemed necessary or desirable by the Landlord, and the Tenant shall pay to the Landlord any and all costs and expenses incurred by the Landlord in exercising it rights and reletting the Property under this Section 22.3.
Any rents received by the Landlord from any such reletting shall be applied first to the payment of the expenses of re-entry, repairs, alterations and additions and of reletting and second, to the payment of Rent. 
 20.3.2 Excess from Reletting. Any excess amount shall operate only as an offsetting credit against the amount of Rent due and
owing as the same 

  

 -6- 

 
becomes due and payable, and the use of such offset shall not give, or be deemed to give, the Tenant any right, title or interest in or to such excess. No
actions by the Landlord under this Section 22.3 shall be construed as an eviction (constructive or otherwise) of Tenant or as an election by the Landlord to terminate this Lease or shall operate to release the Tenant in whole or in part from
any of the Tenant’s duties, obligations or responsibilities under this Lease. The Landlord may, at any time and from time to time, sue and recover judgment for any deficiencies remaining after the application of the proceeds of any such
reletting. 
 20.4 Enforce Lease. The Landlord or the Tenant may enforce the provisions of this Lease and may
enforce and protect their respective rights under this Lease by a suit or suits in equity or at law for the specific performance of any covenant or agreement contained in this Lease, or for the enforcement of any other appropriate legal or equitable
remedy, including recovery of all moneys due or to become due from a party to the other. 
 20.5 Property
Removed. All property of the Tenant removed from the Property by the Landlord under this Lease or applicable law may be handled, removed or stored by the Landlord at the cost and expense of the Tenant, and the Landlord shall not be
responsible in any event for the value, preservation or safekeeping thereof. The Tenant shall pay the Landlord for any and all expenses incurred by the Landlord related to the removal and storage of such property. All property not removed from the
Property or retaken from the Landlord by the Tenant within thirty (30) days after the end of the Term or the termination of the Tenant’s right to use or possess the Property shall be conclusively deemed to have been conveyed by the Tenant
to the Landlord as by bill of sale without further payment or credit by the Landlord to the Tenant. 
 21. INDEMINIFICATION. In
addition to any other indemnification obligations of the Tenant under this Lease, the Tenant agrees and covenants to indemnify, defend, hold harmless, save, discharge and release the Landlord and its shareholders, partners, members, directors,
managers, officers, employees, agents, successors and assigns from and against any payments, charges, judgments, assessments, losses, damages, liabilities, claims, demands, actions, penalties, fines or costs and expenses (including attorneys fees,
costs, fees of experts and any legal or other expenses reasonably incurred in connection therewith) of any type or nature whatsoever arising from, based upon, related to or associated with any use, possession or occupancy of the Property by the
Tenant or its shareholders, directors, employees, agents, licensees or invitees, except any such actions resulting from the negligence of, or failure to perform by, the Landlord. The indemnification obligations under this Section 23 shall
survive the expiration or termination of this Lease for a period of two (2) years. 
 22. SURRENDER OF PROPERTY. The Tenant
shall, upon the expiration or termination of this Lease, surrender possession of, vacate and deliver possession of the Property to the Landlord in good condition, reasonable wear and tear excepted. 
 23. HOLDOVER BY TENANT. Should the Tenant remain in possession of the Property after the natural expiration of the Term, a tenancy at will on
a month-to-month basis shall be created between the Landlord and the Tenant which shall be subject to all terms and conditions hereof but shall be terminated on thirty (30) days written notice served by the Landlord or the Tenant to the other
party. 
  

 -7- 

 24. ENTIRE AGREEMENT;AMENDMENT. This Lease and the exhibits and schedules attached hereto
constitute the entire agreement between the Landlord and the Tenant with respect to the subject matter of this Lease and supersede any and all prior understandings, agreements or representations by or between the Landlord and the Tenant, whether
written or oral, related in any way to the subject matter of this Lease. This Lease may be amended or modified only if done in writing and signed by the Landlord and the Tenant. 
 25. BINDING EFFECT. This Lease shall be binding upon, and shall inure to the benefit of, the Landlord, the Tenant and their respective
successors and permitted assigns. 
 26. HEADINGS. The headings contained in this Lease are inserted for convenience only and
shall not affect in any way the meaning or interpretation of this Lease. 
 27. MULTIPLE COUNTERPARTS. This Lease may be executed
in one or more counterparts, by facsimile or otherwise, each of which shall be deemed an original but all of which together will constitute one and the same instrument. 
 28. CONSTRUCTION. In the event an ambiguity or question of intent or interpretation arises, this Lease shall be construed as if drafted by the Landlord and the Tenant, and no presumption or burden of proof
shall arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Lease. 
 29.
NOTICES. Any notices or other communications required or permitted to be given by this Lease must be (i) given in writing and (ii) personally delivered or mailed by prepaid mail or overnight courier, or by fax delivered or
transmitted to the party to whom such notice or communication is directed, to the address of such party as follows: 
  

			
	To Landlord:	  	Caliber Texas Properties, L.P.
		  	Attn: Benjamin E. Russ
		  	Oklahoma City, Oklahoma 73134
		  	Fax No.: (405) 848-8816
		
	To Tenant:	  	Diamondback-Total Oklahoma LLC
		  	Attn: Steve Gelnar
		  	510 East Memorial Road, Suite B-2
		  	Oklahoma City, Oklahoma 73114
		  	Fax No.: (405) 242-4081

 Any such notice or communication shall be deemed to have been given on (i) the day such
notice or communication is personally delivered, (ii) three (3) days after such notice or communication is mailed by prepaid certified or registered mail, (iii) one (1) working day after such notice or communication sent by
overnight courier, or (iv) on the day such notice or communication is faxed and the sender has received a confirmation of such fax. Any party may, for purposes of this Lease, change its address, fax number, or the person to whom a notice or
other communication is marked to the attention of, by giving notice of such change to the other parties pursuant hereto. 
  

 -8- 

 30. SEVERABIITY. If any provision contained in this Lease shall for any reason be held to be
invalid, illegal, void or unenforceable in any respect, such provision shall be deemed modified so as to constitute a provision conforming as nearly as possible to the invalid, illegal, void or unenforceable provision while still remaining valid and
enforceable and the remaining terms or provisions contained herein shall not be affected thereby. 
 31. WAIVER. Any waiver by
any party of a breach of any provision of this Lease shall not operate as or be construed to be a waiver of any other breach of any other provision of this Lease. Failure by any party to insist upon strict adherence to any term of this Lease on one
or more occasions shall not be considered a waiver or deprive such party of the right thereafter to insist upon strict adherence to that term or any other term of this Lease. The terms and provisions of this Lease, whether individually or in their
entirety, may only be waived in writing and signed by the party against whom or which the enforcement of such waiver is sought. No right, remedy or election given by any term of this Lease or made by a party hereto shall be deemed exclusive, but
shall be cumulative with all other rights, remedies and elections available at law or in equity. 
 32. PREVAILING PARTY. In the
event that the Landlord or the Tenant brings any suit, action or proceeding against the other party for any reason arising from or related to this Lease, then the prevailing party shall be entitled to recover from the other party any and all costs
and expenses, including reasonable attorney fees, arising from or related to the suit, action or proceeding. 
 33. PLURAL;
GENDER. Words used in this Lease in the singular, where the context so permits, shall be deemed to include the plural and vice versa. Words used in the masculine or the feminine, where the context so permits, shall be deemed to mean the
other and vice versa. The definitions of words in the singular in this Lease shall apply to such words when used in the plural where the context so permits and vice versa, and the definitions of words in the masculine or feminine in this Lease shall
apply to such words when used in the other form where the context so permits and vice versa. Any and all exhibits and schedules described in this Lease are hereby incorporated by reference into this Lease and made a part of this Lease. Any reference
in this Agreement shall mean the section number in this Agreement unless otherwise expressly stated. 
 34. TIME OF THE
ESSENCE. The Landlord and the Tenant agrees that time is of the essence to this Lease and all of its terms and conditions. 
 35.
GOVERNING LAW; VENUE; JURISDICTION. All issues and questions concerning the construction, validity, enforcement and interpretation of this Lease shall be governed by, and construed in accordance with, the laws of the State of Oklahoma,
without giving effect to any choice of law or conflict of law rules or provisions (whether of the State of Oklahoma or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Oklahoma. The
Landlord and the Tenant further agree that any dispute arising out of this Lease shall be decided by either the state or federal court in 

  

 -9- 

 
Oklahoma County, Oklahoma County, Oklahoma. The Landlord and the Tenant shall each submit to the jurisdiction of those courts and agree that service of
process by certified mail, return receipt requested, shall be sufficient to confer said courts with in personam jurisdiction. 
 IN WITNESS
WHEREOF, the Landlord and the Tenant have executed and delivered this Lease as of the day and year first written above. 
  

					
	 “LANDLORD”
	  	CALIBER TEXAS PROPERTIES, L.P.
			
		  	By:	 	 /s/ JADE NOLES

		  	Name:	 	Jade Noles
		  	Title:	 	President
		
	 “TENANT”
	  	 DIAMONDBACK-TOTAL, L.P.,
 a Texas limited
partnership

			
		  	By:	 	Diamondback-Total Texas LLC,
		  		 	an Oklahoma limited liability company,
		  		 	General Partner
			
		  	By:	 	 /s/ MIKE TERRY

		  	Name:	 	Mike Terry
		  	Title:	 	Executive Vice President

  

 -10- 

 EXHIBIT “A” 
 LEGAL DESCRIPTION 
 Part of the J.S. Turner Survey, Abstract No. 557, situated in Hood County, Texas and
embracing the 7-2/10 acres tract described in the deed to E.C. Oxford and his wife, Opal B. Oxford, recorded in Volume 329, Page 161 of the Deed Records of Hood County, Texas and described by metes and bounds as follows: 
 The bearings and coordinate positions are per the Texas State Plane Coordinate System North Central Zone, NAD83 (1993). The lengths shown hereon are horizontal ground
lengths. To convert horizontal ground lengths to grid lengths multiply by 0.999887. 
 Beginning at a 3/8” iron found at the most southerly southwest
corner of Lot 1 in Block 2 of Norman Acres, according to the plat thereof recorded in Slide A-194 of the Plat Records of Hood County, Texas and in the northerly right-of-way line of U.S. Highway No. 377 for the southeast corner of the said
7-2/10 acres tract, having a grid value of X=2,158,328.195 feet and Y=6,830,020.581 feet. 
 Thence south 55°08’15” west, along the said north
right-of-way line of U.S. Highway No. 377 for the south line of the said 7-2/10 acres tract, 705-57/100 feet to a 1/2” iron found for the southeast corner of the 3 acres tract described in the deed to George Drought recorded in Volume 104,
Page 260 of the Deed Records and the southwest corner of the said 7-2/10 acres tract. 
 Thence north 31°23’47” west, along the east line of
the said 3 acres tract for the west line of the said 7-2/10 acres tract, generally along a fence, 478-53/100 feet to the north edge of a crosstie post for the northeast corner of the said 3 acres tract and the northwest corner of the said 7-2/10
acres tract in the south line of the 13-914/1000 acres tract described in the deed to Wanda F. Moore recorded in Volume 1572, Page 995 of the Real Records of Hood County, Texas, from which a 5/8” capped iron set bears 31°23’47”
east 0-6/10 of a foot. 
 Thence north 59°29’33” east, along the said south line of the 13-914/1000 acres tract for the north line of the said
7-2/10 acres tract generally along a fence, 638-62/100 feet to a 5/8” iron found at fence corner for the southeast corner of the said 13-914/1000 acres tract and the most westerly southwest corner of said Lot 1. 
 Thence north 61°11’21” east, along a line of said Lot 1 for the said north line of the 7-2/10 acres tract, 75-51/100 feet to a 3/8” iron found at the
reentrant corner of said Lot 1 for the northeast corner of the said 7-2/10 acres tract. 
 Thence south 30°04’54” east, along the west line of
said Lot 1 for the east line of the said 7-2/10 acres tract, 422-67/100 feet to the place of beginning and containing 7-349/1000 acres. 
  

 -11-Exhibit
    10.7

    AMENDED
      AND RESTATED EMPLOYMENT AGREEMENT

     

    This
      Amended and Restated Employment Agreement (“Agreement”) is entered into by Eagle
      Broadband, Inc. (“Company”) and Brian Morrow (“Employee”), to be effective as of
      December 14, 2006 (the “Effective Date”).

     

    WITNESSETH:

     

    WHEREAS,
      Employee has been employed by Company since December 5, 2005; and

     

    WHEREAS,
      the
      Company desires to continue to employ Employee from and after the Effective
      Date
      pursuant to the terms and conditions and for the consideration set forth in
      this
      Agreement, and Employee desires to continue to be employed by Company pursuant
      to such terms and conditions and for such consideration.

     

    NOW,
      THEREFORE,
      for and
      in consideration of the mutual promises, covenants, and obligations contained
      herein, the Company and Employee agree as follows:

     

    ARTICLE
      1:  

     

    EMPLOYMENT
      AND DUTIES

     

    1.1  The
      Company agrees to employ Employee, and Employee agrees to be employed by the
      Company, beginning as of the Effective Date and continuing until the date of
      termination of Employee’s employment (“Termination Date”) or the expiration of
      this Agreement by its terms at the end of the Term and any renewals thereof
      (“Expiration Date”), subject to the terms and conditions of this Agreement. The
“Employment Period,” as used herein, shall mean the period commencing on the
      Effective Date, and ending on the earlier of the Termination Date or the
      Expiration Date. The “Term,” as used herein, shall mean the four (4) year period
      commencing on the Effective Date, and expiring on April 18, 2010.

     

    (a)  At
      least
      thirty (30) days prior to the expiration of the Term (and each mutually agreed
      to extension thereof), the Board of Directors of the Company (the “Board”) shall
      notify the Employee, in writing pursuant to Section 5.1, of the Board’s desire
      to continue Employee’s employment beyond the end of the Term (or any mutually
      agreed to extension thereof). If the Board desires to retain the Employee,
      then
      the parties shall amend this agreement to extend the Employment Period for
      an
      additional two (2) year period (“Extension Period”), and the Term (or any
      mutually agreed to extension thereof) shall be extended for an additional two
      (2) years, or a new employment agreement (on substantially the same terms as
      this Agreement) shall be negotiated, prepared, and put into effect prior to
      the
      end of the Term (or any mutually agreed to extension thereof); however if the
      parties cannot agree to the terms of a new agreement by the expiration of the
      Term (or any mutually agreed to extension thereof), then Employee’s employment
      shall terminate at the end of the Term (or any mutually agreed to extension
      thereof), and shall be subject to Section 3.2(b).

     

    (b)  For
      the
      avoidance of doubt it is the parties’ understanding that if this Agreement is
      extended for an Extension Period or any subsequent Extension Period, at the
      end
      of any such Extension Period, the provisions of Section 1.1(a) shall apply,
      and
      any reference in this Agreement to the Term shall include any mutually agreed
      extension thereof, whether or not expressly noted.

     

    1.2  Beginning
      as of the Effective Date and throughout the Term (and mutually agreed to
      extension thereof), Employee shall be employed as Chief Operating Officer of
      the
      Company. Employee shall report to the President
      and Chief Executive Officer.
      Employee agrees to serve in such position, and to perform diligently and to
      the
      best of Employee’s abilities the duties and services pertaining to such
      positions as reasonably determined and assigned by the President and Chief
      Executive Officer, as well as such additional or different duties and services
      appropriate to such positions which the Employee from time to time may be
      directed to perform by the President and Chief Executive Officer.

     

    1.3  Employee
      shall at all times comply with and be subject to such policies and procedures
      as
      the Company may establish from time to time, including, without limitation,
      the
      Company’s Employee Handbook and Code of Business Ethics. Without limiting the
      foregoing, Employee acknowledges that Employee has read the Company’s
“Pre-clearance and Blackout Policy,” “Insider Trading Policy” and “Section 16
      Compliance Program”, and Employee accepts the status of an “Insider” under such
      policies, and Employee agrees to comply with such policies.

     

    1.4  Employee
      shall, during the Employment Period, devote Employee’s full business time,
      energy, and best efforts to the business and affairs of the Company. Employee
      may not engage, directly or indirectly, in any other business, investment,
      or
      activity that interferes with Employee’s performance of Employee’s duties
      hereunder, is contrary to the interest of the Company or any of its affiliated
      subsidiaries and divisions (collectively, “Eagle Broadband, Inc.”), or requires
      any significant portion of Employee’s business time. The foregoing
      notwithstanding, the parties recognize and agree that Employee may engage in
      passive personal investments and other business activities that do not conflict
      with the business and affairs of the Company or interfere with Employee’s
      performance of his duties hereunder.

     

    1.5  Employee
      acknowledges and agrees that Employee owes a fiduciary duty of loyalty,
      fidelity, and allegiance to act at all times in the best interests of the
      Company and to do no act which would, directly or indirectly, injure any such
      entity’s business, interests, or reputation. It is agreed that any direct or
      indirect interest in, connection with, or benefit from any outside activities,
      particularly commercial activities, which interest might in any way adversely
      affect the Company or involves a possible conflict of interest. In keeping
      with
      Employee’s fiduciary duties to the Company, Employee agrees that, during the
      Employment Period, Employee shall not knowingly become involved in a conflict
      of
      interest with the Company, or upon discovery thereof, allow such a conflict
      to
      continue. Moreover, during the Employment Period Employee shall not engage
      in
      any activity that might involve a possible conflict of interest without first
      obtaining approval in accordance with this Agreement and the Company’s policies
      and procedures.

     

    1.6 After
      the
      Employment Period, Employee shall, at the request of the Company, render all
      reasonable assistance and perform all lawful acts that the Company reasonably
      considers necessary or advisable in connection with any litigation involving
      the
      Company or any director, officer, employee, shareholder, agent, representative,
      consultant, client or vendor of the Company; provided, however, Employee shall
      be compensated for his reasonable expenses, and reasonable efforts will be
      made
      to accommodate Employee’s schedule.

     

    ARTICLE
      2: 

     

    COMPENSATION
      AND BENEFITS

     

    2.1  During
      the Employment Period, the Employee shall receive a base salary (“Base Salary”)
      of Two Hundred Thousand Dollars ($200,000) per annum, less all required
      deductions, including but not limited to federal withholding, social security
      and other taxes, and payable bi-weekly on the Company’s regular payroll
      schedule. In the future, after each anniversary date during the Employment
      Period hereof, Employee’s salary shall be reviewed by the Board or the
      Compensation Committee thereof and may be increased as determined from time
      to
      time by the Board. Any increase in the Base Salary shall not serve to limit
      or
      reduce any other obligation to the Employee under this Agreement. During the
      Term (and each mutual extension thereof), the Base Salary (as increased from
      time to time) shall not be reduced.

     

    2.2  Employee
      shall be eligible to be paid an annual bonus based upon the attainment of the
      goals set forth in that certain document dated November 16, 2005, entitled
      “First Year of Employment Targeted Promotion and Bonus Objectives” signed by
      Employee, the President and CEO of the Company, and the Chairman of the Board
      of
      Directors of the Company. The Employee and the Company may agree to annual
      bonus
      targets for future years and shall evidence such targets by a written letter
      or
      side agreement.

     

    2.3  During
      the Employment Period, the Employee shall be entitled to participate in
      incentive, savings, and retirement plans, and other standard benefit plans
      afforded to executive-level employees of the Company, including, without
      limitation, all medical, dental, disability, group life, accidental death,
      D&O indemnity, and travel accident insurance plans and other programs of the
      Company, to the extent Employee is otherwise eligible under the terms and
      conditions of the applicable plan or policy, and as such plans or policies
      may
      be from time to time be amended, modified or terminated by the Company without
      prior notice. Dependents of Employee may participate in such plans to the extent
      allowed for other dependents of executive level employees of the Company as
      allowed by the applicable plan. This Agreement shall not be construed to limit
      in any respect the Company’s right to establish, amend, modify, or terminate any
      benefit plan or policy. Furthermore, the Company shall not by reason of this
      Article 2 be obligated to institute, maintain, or refrain from changing,
      amending, or discontinuing, any incentive compensation, employee benefit, or
      stock or stock option program or plan, so long as such actions are similarly
      applicable to covered employees generally.

     

    2.4  During
      the Employment Period, the Company shall pay or reimburse Employee for all
      actual, reasonable, and customary expenses incurred by Employee in the course
      of
      his employment, including business-related travel expenses, subject to the
      terms
      of and Employee’s compliance with the Company’s Expense Policy, as amended from
      time to time, and any other applicable Company policies related to business
      expenses.

     

    2.5  During
      the Employment Period, the Employee shall be entitled to four weeks of vacation,
      fully paid, per calendar year.

     

    2.6  The
      Company may withhold from any compensation, benefits, or amounts payable under
      this Agreement all federal, state, city, or other taxes as may be required
      pursuant to any law or governmental regulation or ruling.

     

    2.7 The
      Company shall reimburse the Employee, upon submission of reasonably detailed
      receipts or other reasonable evidence of payment by Employee, all reasonable
      and
      necessary expenses incurred by Employee after the effective date of this
      Agreement in connection with his relocation from his current residence to
      Houston, Texas (not to exceed $10,000), including, but not limited to
      transportation to and from San Antonio, Texas, hotel, meals and other approved
      and documented temporary living and commuting, relocation costs incurred by
      Employee in both San Antonio and Houston, Texas that include but are not limited
      to real estate fees, selling expenses, buying points, buying related expenses,
      costs of moving household goods and automobiles and expenses incurred by
      Employee’s spouse during house hunting trips.

     

    ARTICLE
      3:  TERMINATION
      OF EMPLOYMENT

     

    AND
      EFFECTS OF SUCH TERMINATION:

     

    3.1  (a)Employee’s
      employment shall be terminated during the Employment Period by reason of the
      following circumstances:

     

    (i)  Death
      of
      Employee.

     

    (ii)  Permanent
      Disability. “Permanent Disability” shall mean Employee’s physical or mental
      incapacity to perform his usual duties, with such condition likely to remain
      continuously and permanently as determined by the Board or Board of Directors.
      The decisions as to whether and as of what date Employee has become permanently
      disabled are delegated to the Board of Directors for determination, and any
      dispute of Employee with any such decision shall be limited to whether the
      Board
      of Directors reached such decision in good faith.

     

    (iii)  Voluntary
      Termination. “Voluntary Termination” shall mean a termination of employment at
      the election of Employee without Good Reason. “Good Reason” is defined to be (1)
      a Change in Control; (2) a reduction in base salary; (3) a material decrease
      in
      the level of responsibility, title or benefits to Employee; (4) relocation
      of
      the Company headquarters more than 50 miles from its current headquarters;
      or
      (5) the Company willfully breaches a material term of this Agreement and fails
      to cure same after written notice from Employee and ten (10) business days
      thereafter such breach remains uncured. Employee will provide the Company with
      thirty (30) days advance notice of his intent to terminate his employment
      voluntarily (except for (5) above). Employee shall continue to remain an
      employee of the Company through the thirty (30) day notice period and will
      perform such duties, if any, assigned to him by the Company during the notice
      period. Notwithstanding the foregoing, the Company may, at its option, waive
      the
      Employee’s obligation to remain an employee during all or any portion of the
      thirty (30) day notice period, in which case Employee’s employment shall cease
      immediately.

     

    “Change
      in Control” is defined to be any of the following events: (i) the stockholder’s
      approval of a plan of complete liquidation of Company; (ii) the consummation
      of
      the sale of disposition by Company of all or substantially all of Company’s
      assets; (iii) any “person” (as such term is used in Sections 13(d) and 14(d) of
      the Securities and Exchange Act of 1934, as amended) is or becomes the
“beneficial owner” (as defined in Rule 13d-3 or 13d-5 under said Act), directly
      or indirectly, of securities of Company representing 50% or more of the total
      voting power represented by Company’s then outstanding voting securities; or
      (iv) the date of the consummation of a merger or consolidation of Company with
      any other corporation that has been approved by the stockholders of Company,
      other than a merger or consolidation which would result in persons who were
      the
      direct or indirect owners of voting securities of Company outstanding
      immediately prior to the consummation of such merger or consolidation becoming,
      immediately after such consummation, the direct or indirect owners of voting
      securities representing more than fifty percent (50%) of the total voting power
      represented by the then-outstanding voting securities of the surviving
      corporation, in substantially the same respective proportions as such persons’
ownership of the voting securities of Company immediately before such
      consummation. A transaction shall not constitute a Change in Control if its
      sole
      purpose is to change the state of Company’s incorporation or to create a holding
      company that will be owned in substantially the same proportions by the persons
      who held Company’s securities immediately before such transaction.

     

    (iv)  Termination
      by Company for Cause. “Termination for Cause” shall mean a termination of
      employment immediately upon written notice to the Employee from the Company
      that
      an event constituting “Cause” has occurred. For purposes of this Agreement, the
      term “Cause” shall be defined as: (a) a material act of dishonesty or fraud; (b)
      a knowing and material violation of any written policy of the Company or
      applicable to the Company’s operations; (c) a knowing and material violation of
      an applicable law, rule, or regulation that exposes the Company to damages
      or
      liability; (d) a material breach of fiduciary duty; (e) conviction of a felony
      or (f) a failure to follow the reasonable directions of the Chief Executive
      Officer or the Board of Directors. In the event that Employee is terminated
      for
      Cause, Employee shall be provided with notice of such termination in accordance
      with Section 5.1 below.

     

    (b)  In
      the
      event Employee’s employment terminates as a result of any of the circumstances
      described in Section 3.1(a)(i) through (iv) above, except for Employee’s
      voluntary termination for Good Reason, all future compensation to which Employee
      would otherwise be entitled and all future benefits for which Employee is
      eligible shall cease and terminate as of the Termination Date, except as
      specifically provided in this Section 3.1, for prorated portions of any bonuses
      earned or due Employee, and the terms of any of the Company’s health or welfare
      plans. Employee shall also receive payment, if any, for accrued and unused
      vacation according to the Company’s current policy applicable to payment for
      unused vacation.

     

    (c)  Notwithstanding
      anything contained in Section 3.1(b), in the event that Employee’s employment
      terminates as a result of death or permanent disability resulting from any
      accident or incident beyond Employee’s control that occurs while Employee is
      traveling on Company business or is in the course and scope of employment
      (excluding any accident or incident occurring when Employee is traveling within
      Houston and to or from his normal place of business or his residence), the
      preceding paragraph shall not apply, and instead Employee (or his Estate, as
      the
      case may be) shall be entitled to receive payment subject to and calculated
      in
      accordance with the provisions of Sections 3.2(a) and 3.2(a)(i) through (iii)
      below.

     

    3.2  The
      Company reserves the right to terminate Employee’s employment for any reason
      other than the circumstances described in Sections 3.1(a)(i) through 3.1(a)(iv)
      above, or to end Employee’s employment upon the expiration of the
      Term.

     

    (a)  If
      the
      Termination Date occurs during the Term (or any mutual extension thereof) other
      than because of the circumstances described in Sections 3.1(a)(i) through
      3.1(a)(iv) above, or if Employee voluntarily terminates for Good Reason, after
      Company’s receipt of a full release of all claims against the Company (excluding
      only payments called for under this Agreement or benefits and payments to be
      payable after Termination Date under any of the Company’s health or welfare
      plans) Company shall pay Employee (subject to required taxes and withholdings)
      as follows:

     

    (i)  pro
      rata
      Base Salary through the Termination Date and prorated bonuses earned through
      the
      Termination Date, paid in a lump sum;

     

    (ii)  payment,
      if any, for accrued and unused vacation days, paid in a lump sum;
      and

     

    (iii)  the
      Employee’s Base Salary for a 12-month period, paid on the Company’s normal
      payroll schedule.

     

    (b)  Termination
      of the employment relationship as a result of expiration of the Term of this
      Agreement shall not require any notice of termination, and Employee shall only
      be entitled to the payments stipulated in (i) and (ii) above, but not any other
      payments.

     

    3.3  Any
      Termination Payment paid to Employee pursuant to Section 3.2 shall be in
      consideration of Employee’s continuing obligations under Article 4. Nothing
      contained in this Article 3 shall be construed to be a waiver by Employee of
      any
      benefits accrued for or due Employee under any employee benefit plan (as such
      term is defined in the Employee Retirement Income Security Act of 1974, as
      amended), maintained by the Company except that Employee shall not be entitled
      to any severance benefits pursuant to any severance plan or program of the
      Company.

     

    3.4  Termination
      of the employment relationship does not terminate those obligations imposed
      by
      this Agreement that are continuing obligations, including Employee’s obligations
      under Article 4.

     

    ARTICLE
      4:  OWNERSHIP
      AND PROTECTION OF INTELLECTUAL PROPERTY AND CONFIDENTIAL
      INFORMATION; NON COMPETITION AGREEMENT:

     

    4.1  All
      information, ideas, concepts, improvements, discoveries, and inventions, whether
      patentable or not, which are conceived, made, developed or acquired by Employee,
      individually or in conjunction with others, during Employee’s employment by the
      Company (whether during business hours or otherwise and whether on the Company’s
      premises or otherwise) which relate to the business, products or services of
      the
      Company (including, without limitation, all such information relating to
      corporate opportunities, confidential financial information, research and
      development activities, sales data, pricing and trading terms, evaluations,
      opinions, interpretations, acquisition prospects, the identity of customers
      or
      potential customers and their requirements, the identity of key contacts within
      the customers’ organizations or within the organizations of acquisition
      prospects, marketing and merchandising techniques, prospective names, and
      marks), and all writings or material of any type embodying any of such items,
      shall be the sole and exclusive property of the Company.

     

    4.2  Employee
      acknowledges that the businesses of the Company are highly competitive and
      that
      their strategies, methods, books, records, and documents, their technical
      information concerning their products, equipment, services, and processes,
      procurement procedures and pricing techniques, the names of and other
      information (such as credit and financial data) concerning their customers
      and
      business affiliates (including but not limited to the products and/or services
      marketed, advertised, and/or sold to customers and prospective customers, and
      the prices charged or quoted to them for such products and/or services, and
      the
      business activities, needs, and requirements for products and/or services of
      such customers or prospective customers) all comprise confidential business
      information and trade secrets which are valuable, special, and unique assets
      which the Company uses in its business to obtain a competitive advantage over
      its competitors. Employee further acknowledges that protection of such
      confidential business information and trade secrets against unauthorized
      disclosure and use is of critical importance to the Company in maintaining
      its
      competitive position. Employee hereby agrees that Employee will not, at any
      time
      during or after the Employment Period, make any unauthorized disclosure of
      any
      confidential business information or trade secrets of the Company, or make
      any
      use thereof, except in the carrying out of Employee’s employment
      responsibilities hereunder. Confidential business information shall not include
      information that is now in, or hereafter becomes part of, the public domain,
      whether by publication, patenting or otherwise than as a result of the
      Employee’s breach of this Agreement; information that the Employee can show,
      through documentary evidence, already was in Employee’s possession prior to its
      receipt from the Company hereunder; information which, subsequent to its receipt
      hereunder, is disclosed, without obligation or confidence, to the Employee
      hereunder by a third party not known to be under an obligation of confidence
      to
      Company hereunder; or information that the Company authorizes for public
      release. The above notwithstanding, a disclosure shall not be unauthorized
      if
      (i) it is required by law or by a court of competent jurisdiction or (ii) it
      is
      in connection with any judicial arbitration, dispute resolution or other legal
      proceeding in which Employee’s legal rights and obligations as an Employee or
      under this Agreement are at issue; provided, however, that Employee shall,
      to
      the extent practicable and lawful in any such events, give prior notice to
      the
      Company of Employee’s intent to disclose any such confidential business
      information in such context so as to allow the Company an opportunity (which
      Employee will cooperate with and will not oppose) to obtain such protective
      orders or similar relief with respect thereto as may be deemed
      appropriate.

     

    4.3  All
      written materials, records, and other documents made by, or coming into the
      possession of, Employee during the Employment Period which contain or disclose
      confidential business information or trade secrets of the Company shall be
      and
      remain the property of the Company, as the case may be. Upon termination of
      Employee’s employment with the Company, for any reason, Employee promptly shall
      deliver the same and all copies thereof to the Company.

     

    4.4  To
      enable
      Employee to perform the duties contemplated by this Agreement, the Company
      promises that it will disclose confidential information, including confidential
      business information and trade secrets of the nature described or referenced
      in
      Sections 4.1 - 4.3 above, during the Employment Period and before termination
      of
      the employment relationship established by this Agreement. In return for and
      ancillary to the promise made by the Company to make such disclosure, (and
      ancillary to the other covenants of the Company under this Agreement)” Employee
      hereby makes a reciprocal promise designed to enforce the Company’s interest in
      protecting its confidential information and its goodwill. Accordingly, Employee
      promises to comply with the obligations set forth in Sections 4.1 through 4.3
      above, and furthermore, Employee agrees that, during Employee’s employment with
      the Company and for eighteen (18) months following the termination of Employee’s
      employment, the Employee will not, directly or through any other person, firm,
      or corporation:

     

    (a)  in
      any
      state of the United States of America in which the Company presently does
      business or does business during Employee’s employment perform services as an
      employee, officer, director or independent contractor for any Competing
      Enterprise (as defined below);

     

    (b)  be
      an
      owner, shareholder (except for the ownership by Employee of less than Five
      Percent (5%) of the equity securities of any publicly-traded company), agent,
      or
      partner of, or serve in an executive position with, any Competing
      Enterprise;

     

    (c)  call
      on
      or otherwise communicate with any customer or prior customer of the Company
      or
      any business referral sources or vendors to the Company including any respective
      successors and assigns, for the purpose of soliciting business for a Competing
      Enterprise or for someone other than the Company; or

     

    (d)  do
      anything to interfere with the normal operation of the businesses of the Company
      including, without limitation, make any effort personally or through others
      to
      recruit, hire, or solicit any employee or independent contractor of the Company
      to leave the Company, or to interfere in any way with the Company’s
      relationships with its customers or suppliers.

     

    For
      purposes of this Section, the term “Competing Enterprise” shall mean: any person
      or any business organization of whatever form, excluding the Company, engaged
      directly or indirectly in any business or enterprise whose business activities
      involve the lines of business described in the Company’s most recent Form l0K
      filed with the Securities & Exchange Commission at the time of termination
      of this Agreement, along with any lines of business added by the Company from
      the date of filing such 10-K to the date of termination of the Employee’s
      employment.

     

    ARTICLE
      5:  MISCELLANEOUS:

     

    5.1  For
      purposes of this Agreement, notices and all other communications provided for
      herein shall be in writing and shall be deemed to have been duly given when
      received by or tendered to Employee or the Company, as applicable, by pre paid
      courier or by United States registered or certified mail, return receipt
      requested, postage prepaid, addressed as follows:

     

    If
      to the
      Company, to

     

    Eagle
      Broadband, Inc.

    101
      Courageous Drive 

    League
      City, Texas 77573

     

    If
      to
      Employee, to his last known personal residence.

     

    or
      to
      such other address as either party shall have furnished to the other in writing
      in accordance herewith. Notice and communications shall be effective when
      actually received by the addressee.

     

    Notwithstanding
      the foregoing, any Notice of Termination pursuant to Article 3 may be delivered
      to the Employee in accordance with the above sentences in this Section 5.1,
      or
      by e-mail to the Employee’s Company e-mail address, and in the event of such
      delivery by e-mail, the Delivery Date shall be conclusively determined to be
      the
      date when such e-mail was received on the Company’s server regardless of the
      date when such e-mail was opened by the Employee.

     

    5.2  This
      Agreement shall be governed by and construed and enforced, in all respects
      in
      accordance with the law of the State of Texas, without regard to principles
      of
      conflicts of law, unless preempted by federal law, in which case federal law
      shall govern; provided, however, that the dispute resolution process in Section
      5.5 shall govern in all respects with regard to the resolution of disputes
      hereunder.

     

    5.3  No
      failure by either party hereto at any time to give notice of any breach by
      the
      other party of, or to require compliance with, any condition or provision of
      this Agreement shall be deemed a waiver of similar or dissimilar provisions
      or
      conditions at the same or at any prior or subsequent time.

     

    5.4  It
      is a
      desire and intent of the parties that the terms, provisions, covenants, and
      remedies contained in this Agreement shall be enforceable to the fullest extent
      permitted by law. If any such term, provision, covenant, or remedy of this
      Agreement or the application thereof to any person, association, or entity
      or
      circumstances shall, to any extent, be construed to be invalid or unenforceable
      in whole or in part, then such term, provision, covenant, or remedy shall be
      construed in a manner so as to permit its enforceability under the applicable
      law to the fullest extent permitted by law. In any case, the remaining
      provisions of this Agreement or the application thereof to any person,
      association, or entity or circumstances other than those to which they have
      been
      held invalid or unenforceable, shall remain in full force and
      effect.

     

    5.5  It
      is the
      mutual intention of the parties to have any dispute concerning this Agreement
      resolved out of court. Accordingly, the parties agree that any claim or
      controversy of whatever nature arising from or relating in any way to this
      Agreement or the employment of the Employee by the Company, and any continuing
      obligations under this Agreement, including disputes arising under the common
      law or federal or state statutes, laws or regulations and disputes with respect
      to the arbitrability of any claim or controversy, shall be resolved exclusively
      by final and binding arbitration before a single experienced employment
      arbitrator selected by the parties and conducted in accordance with the
      agreement of the parties or as determined by the arbitrator. If the parties
      are
      unable to agree to an arbitrator, an arbitrator will be selected in accordance
      with the Employment Dispute Resolution (“EDR”) Rules of the American Arbitration
      Association (“AAA”). The arbitration will be conducted in League City, Texas,
      pursuant to the EDR Rules of the AAA, and the arbitrator shall have full
      authority to award or grant all remedies provided by law. Judgment upon the
      award may be enforced by any court having jurisdiction thereof. Each party
      shall
      pay the fees of their respective attorneys, the expenses of their witnesses,
      and
      any other expenses incurred by such party in connection with the arbitration.
      The prevailing party, as determined by the Arbitrator, may seek to recover
      its
      reasonable attorney fees and costs in accordance with applicable laws.
      Notwithstanding the foregoing provisions, either party shall be entitled to
      seek
      a restraining order or injunction in any court of competent jurisdiction to
      prevent any breach or the continuation of any breach of the provisions of
      herein.

     

    5.6  This
      Agreement shall be binding upon and inure to the benefit of the Company, and
      any
      other person, association, or entity which may hereafter acquire or succeed
      to
      all or substantially all of the business or assets of the Company by any means
      whether direct or indirect, by purchase, merger, consolidation, or otherwise.
      Employee’s rights and obligations under this Agreement are personal and such
      rights, benefits, and obligations of Employee shall not be voluntarily or
      involuntarily assigned, alienated, or transferred, whether by operation of
      law
      or otherwise, without the prior written consent of the Company.

     

    5.7  This
      Agreement replaces and extinguishes any previous agreements and discussions
      pertaining to the subject matter covered herein. This Agreement constitutes
      the
      entire agreement of the parties with regard to the terms of Employee’s
      employment, termination of employment and severance benefits, and contains
      all
      of the covenants, promises, representations, warranties, and agreements between
      the parties with respect to such matters. Each party to this Agreement
      acknowledges that no representation, inducement, promise, or agreement, oral
      or
      written, has been made by either party with respect to the foregoing matters
      which is not embodied herein, and that no agreement, statement, or promise
      relating to the employment of Employee by the Company that is not contained
      in
      this Agreement shall be valid or binding, except as set forth in any applicable
      Employee benefit plan. It is understood that, by signing below, Employee
      acknowledges that this Agreement supersedes any agreements or understandings
      regarding the subject matter covered herein made prior to the Employee signing
      this document. Any modification of this Agreement will be effective only if
      it
      is in writing and signed by each party whose rights hereunder are affected
      thereby, provided that any such modification must be authorized or approved
      by
      the Board of Directors or its delegate, as appropriate.

     

    IN
      WITNESS WHEREOF, the Company and Employee have duly executed this Agreement
      in
      multiple originals to be effective on the Effective Date.

     

    Eagle
      Broadband, Inc.

     

    By:
      /s/
      David Micek

    Name:
      David Micek

    Title:
      President and CEO

    Date:
      12/15/06

     

    Employee

     

    /s/
      Brian Morrow

    Brian
      Morrow

    Date:
      12/15/06

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00115-of-00352.parquet"}]]