Document:

EXHIBIT 10.14

                              EMPLOYMENT AGREEMENT
                                 JON NICOLAYSEN

<PAGE>
                            TEREX ENERGY CORPORATION

THIS  AGREEMENT is effective  as of the 1st day of November  2014 between  Terex
Energy  Corporation,   a  Colorado  Corporation   (hereinafter  referred  to  as
"Employer")  and Jon  Nicolaysen (  hereinafter  referred to as "  Executive") a
resident of Wyoming.

WHEREAS,  Employer and Executive desire to formalize an Employment  relationship
as outlined herein, effective as of November 1, 2014.

NOW THEREFORE, the parties for good and valuable consideration,  the receipt and
sufficiency of which are hereby acknowledged hereby agree as follows:

1.  EMPLOYMENT.  The Employer  agrees to employ the  Executive and the Executive
accepts such  employment by the Employer on the terms and  conditions  set forth
herein.

2. TERM.  This Agreement is effective as of the 1st day of November 2014 and the
term of the Executive's employment hereunder shall be for three years.

3. DUTIES. Employer shall employ Executive initially as Executive Vice President
and  Director or such other job title  during the term to perform such duties as
are normal and  customary in the conduct of  Employer's  business and  Executive
will devote his best  efforts to  implement  and/or  conduct the business of the
Employer  and make  available  to office  and the  Employer  shall  provide  the
necessary  staff,  equipment,  computers,  services,  facilities,  furniture and
support for  Executive  to  properly  carry out and  complete  the duties of his
employment.  Both  Employer and Executive  will  maintain  complete and accurate
records,  reports and other  documentation  that is necessary for the conduct of
Employer's business.

4.  COMPENSATION.  Employer agrees to pay Executive a Base Salary of $150,000.00
per year for the first  year  payable  monthly.  The  salary  shall be  adjusted
annually by the Board of Directors in the anniversary of this agreement.

Executive shall also be entitled to receive an annual bonus as determined by the
board.

5.  BENEFITS.  At its cost,  Employer  shall furnish to Executive  comprehensive
medical health  insurance,  disability income insurances and other such benefits
at the level afforded the same level Executives of the Employer. Executive shall
be entitled to participate in any Incentive Stock Option plan.

Executive  shall be  entitled  to four (4) weeks of paid  vacation & sick leave,
without  reduction  in  salary,  beginning  the 1st and  ending  after  the last
calendar year of  employment  and for each calendar year during the term of this
Agreement.  Vacation shall be at a mutually agreed upon time, such agreement not
to be unreasonably withheld.  Paid vacation and sick leave shall be fully earned
the first and last calendar years of employment.

6. BUSINESS EXPENSES.  Employer shall reimburse Executive for all reasonable and
necessary  business  expenses  incurred by him in carrying  out his duties under

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this  Employment  Agreement so long as such expenses are properly  documented in
accordance with the Employer's policies for expense reimbursement.

7. EMPLOYER RESOURCES.  As a matter of convenience,  Executive will have limited
use of  Employer's  resources  for personal  purposes,  including  long-distance
telephone, copy machine, vehicles, staff and such other resources as the parties
may agree.  Employer will also furnish  Executive  with a cell phone, a personal
computer  for office and home use,  and such other  equipment as the parties may
agree in accordance with the Employer's usual practice.
Upon  termination  of this  Agreement the Employee may retain the cell phone and
computer.

8. OTHER SOURCES OF INCOME/EARNINGS. The Employer understands that the Executive
has other sources of income and earnings  through  consultancy,  or positions in
associations,  companies, enterprises or ventures where the Executive had or has
an existing  relationship;  And that these  relationships will continue and that
new and additional relationships and sources of income may be established in the
future.  The Employer agrees that these  relationships and sources of income may
continue as long as the Executive fulfills his duties and  responsibilities  and
as long as the Executive  hereby warrants that there is no current  relationship
that  constitutes  even the  perception  of a conflict of interest or that would
preclude the Executive from the fulfillment of duties and responsibilities.  The
Executive further agrees not to enter into any relationship  where there is even
the  perception  of a conflict of interest or that would  prevent the  Executive
from fulfilling duties and responsibilities.

9. TERMINATION. The following shall apply:

     (A). DEATH.  In the  event of  Executive's  death  during  the  Executive's
          employment hereunder, this Agreement shall terminate.

     (B). ILLNESS  OR  INCAPACITY.  If,  during  any  term  of  this  Agreement,
          Executive  shall  become  unable to  perform  his  duties by reason of
          illness or incapacity,  then Employer,  may, at its option,  terminate
          this  Agreement.  In such event,  the notice  period shall be not less
          than the applicable elimination period in any employee disability plan
          of the Employer in which Executive participates. It is agreed that the
          determination of illness or incapacity shall be made upon the basis of
          qualified medical evidence and if, during the notice period, Executive
          returns  to work and is  capable  of  carrying  out his  duties,  then
          Employer's right to terminate for illness or incapacity is suspended.

     (C)  FOR CAUSE.  Upon  thirty (30) days  written  notice,  the  Executive's
          employment  hereunder may be terminated  without further  liability on
          the  part  of  the  Employer  for  Cause.  Only  the  following  shall
          constitute "Cause" for such:

          (i)  Conviction of a felony,  a crime or moral turpitude or commission
               of an act of  embezzlement  or fraud  against the Employer or any
               subsidiary or affiliate thereof:
          (ii) Deliberate  dishonesty of the  Executive  resulting in damages to
               the Employer or any subsidiary or affiliate thereof;
          (iii) Dereliction of duty, misfeasance or malfeasance.

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In the event of a termination  for cause the Executive  shall not be entitled to
the benefits of any bonus for the period  preceding the termination nor will the
company be required to  repurchase  any of the shares owned by the  Executive as
hereinafter provided.

(D)  TERMINATION  AT  WILL  BY THE  COMPANY.  The  Company  may  terminate  this
     agreement at will upon 60 days written  notice.  If the Company  decides to
     terminate this agreement, the company shall repurchase fifty percent of the
     Executives  shares  up to one  million  shares  at a price  equal to ninety
     percent of the average  trading price over the 60 days preceding the notice
     of termination or a price as determined by independent qualified evaluation
     in the event  the  stock is not  trading  at the time of  termination.  The
     Company shall pay fifty percent of the  repurchase  price within 30 days of
     termination and the balance within 60 additional days.

(E)  RESIGNATION  BY EXECUTIVE.  The  Executive  may resign and  terminate  this
     agreement on 60 days written  notice and he shall not be required to render
     any further services to the Employer.

(F)  SET-OFF.  In accordance with 9 above, The Employer shall not be entitled to
     any set off against any cash  compensation  to be provided to the Executive
     under this Agreement, or any and all compensation received by the Executive
     while he was also receiving compensation from any other employer,  unless a
     Conflict of Interest  arises.  In such case, the Executive shall inform the
     Employer  of any  such  amounts  of  cash  compensation  pertaining  to the
     conflict of interest and shall  refund to the Employer any related  amounts
     paid by the Employer.

Should Executive terminate this with or without Good Reason, he agrees to assist
Employer  for a period of time not less than thirty (30) days in order to effect
a smooth transition, unless otherwise requested by Employer.

10. CHANGE IN CONTROL

In a Change of control  event,  the  Corporation  shall treat this  Agreement as
terminated  by  Corporation  without cause in which event  Corporation  shall be
obligated  to provide the Employee  with a severance  payment in lieu of notice.
Such  severance  payment  shall be payable on the 15th day following the date on
which the Corporation notifies the Employee of his termination and shall consist
of the following amounts:

     1.   The Employee's  full salary through the date of termination  specified
          in the notice of  termination at the rate in effect at the time notice
          of termination was given,  plus an amount equal to the amount, if any,
          of any  awards  previously  made to the  Employee  which have not been
          paid.

     2.   In lieu of further  salary and benefits for periods  subsequent to the
          date of termination,  an amount which shall be equal to the salary and
          benefits which would  otherwise have been payable to or paid on behalf
          of the  Employee  for the  (6)  month  period  following  the  date of
          termination.

     3.   Any remaining or  outstanding  stock  grants,  options or awards shall
          fully vest with a cashless option provision.

                                      -4-
<PAGE>

11. RESTRICTIONS. A separate Non-Solicitation and Confidentiality/Non-Disclosure
Agreement  has been  signed by  Executive,  the terms of which are  incorporated
herein by reference, and which provides certain Restrictions.

12. NO CONFLICT.  The Executive  hereby  represents and warrants that: (i) he is
not subject to any covenants  against  competition  or similar  covenants  which
would prohibit or impede the performance of his obligations hereunder;  (ii) the
execution of this  Agreement and the  performance of his  obligations  hereunder
will not cause him to breach or be in conflict with any other agreement to which
he is a party or by which he is bound; and (iii) the execution of this Agreement
and the  performance of his  obligations  hereunder will not cause him to breach
any fiduciary or other duty.

13.  OFFICER & DIRECTORS  INSURANCE.  In addition to regular  benefits  provided
senior executives,  Employer will provide and pay for Executive's D&O (Directors
& Officers) insurance at standard levels for similar commercial enterprises.

14.  NOTICES.  All  communications  and notices made pursuant to this Employment
Agreement  shall  be in  writing  and sent by  certified  mail,  return  receipt
requested, as follows:

(A)      EXECUTIVE:        JON NICOLAYSEN

(B)      EMPLOYER:         TEREX ENERGY CORPORATION
                           Suite 250
                           520 Zang St.
                           Broomfield, CO 80021

Or such other address as is provided in writing to the other.

15.  MODIFICATION.  This Agreement may be amended only in writing,  and mutually
executed  by  both  parties  to  this  Agreement.   This  Employment   Agreement
constitutes  the entire  contract  between  the parties  hereto with  respect to
employment,  and the  parties  shall  not be  bound  in any  manner  related  to
employment  by  any  warranties,   representations  or  guarantees,   except  as
specifically set forth in the Employment Agreement.

16. ASSIGNMENT.  This Agreement shall be binding upon the parties hereto,  their
respective heirs, legal  representatives,  successors,  and assignees,  but this
Employment  Agreement  may not be  assigned  by any party  without  the  express
written  consent of both  parties.  In the event of the merger,  reorganization,
business combination or consolidation of the Employer with any other corporation
or corporations,  or any other corporate  re-organizations  involving  Employer,
this Agreement  shall be assigned and  transferred to such Successor in interest
and in such event Executive shall continue to perform his duties and obligations
pursuant to the terms of this Agreement; however, Employer will remain liable as
the  Guarantor of the  obligations  and duties of the Assignee  Employer of this
Agreement.  Employer  must give the  Executive  ninety  (90) days  notice of the

                                      -5-
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consummation  of any such the merger,  consolidation  or  reorganization  as set
forth above.  Executive  reserves the  exclusive  right to terminate  his duties
pursuant to this  Employment  Agreement in the event of such by giving seven (7)
days written notice to the original Employer.

17.  WAIVER.  The  waiver by the  Employer  or  Executive  of any  breach of the
provisions of this Employment  Agreement by either party shall not operate or be
construed as a waiver of any subsequent breach of the other.

18. SEVERABILITY.  Invalidity,  illegality, or unenforceability of any provision
shall not affect in any  manner the other  provisions  contained  herein,  which
remain  in  full  force  and  effect.  It is  the  intent  of  and  specifically
acknowledged  by Executive and Employer  that all  Restrictive  Covenants  shall
survive termination of this Agreement.

19.  GOVERNING LAW AND CHOICE OF FORUM.  This Agreement is a Colorado  contract,
and  shall be  construed  and  enforced  according  to the laws of the  State of
Colorado.  In  connection  with any dispute  arising under this  Agreement,  the
parties agree to submit  themselves and all such disputes to the jurisdiction of
any state or federal court having  subject matter  jurisdiction  of the dispute,
located in Colorado.

20.  ENTIRE   AGREEMENT.   This   Employment   Agreement   contains  the  entire
understanding  between the parties,  and may not be changed orally,  but only by
agreement in writing signed by both parties hereto.

21. RIGHT TO  INDEPENDENT  COUNSEL.  The  Executive has reviewed the contents of
this Agreement and fully understands its terms. The Executive  acknowledges that
he is fully aware of his right to the advice of counsel independent from that of
the Employer.  The Executive further  acknowledges that no representations  have
been made with respect to the income or estate tax or other consequences of this
Agreement  to him and that he has been  advised  of the  importance  of  seeking
independent advice of counsel with respect to such consequences.

                                      -6-
<PAGE>

IN WITNESS WHEREOF,  the parties hereunto have caused this Employment  Agreement
to be executed as of the day and year stated herein.

TEREX ENERGY CORPORATION

BY:                                        BY:
--------------------------------------     -----------------------------------
SECRETARY                                  EXECUTIVE

                                      -7-EXHIBIT 10.15

                              CONSULTING AGREEMENT
                                W. EDWARD NICHOLS

<PAGE>
                              CONSULTING AGREEMENT

         AGREEMENT  made as of this  1st day of  September  2014 by and  between
Terex Energy Corporation, a Colorado Corporation the ("Company"), located at 520
Zang St. Suite 250 Broomfield,  Colorado and W. Edward Nichols,  located at 8950
Scenic Pine Dr. (the "Consultant" or "Nichols").

         WHEREAS,  Nichols is licensed to practice  law in the State of Colorado
and is member of the American Bar Association, and;

         WHEREAS, the Company desires professional guidance and advice regarding
financing,  management,  legal,  oil and gas  acquisitions  and general business
advice and desires Consultant to aid it in business matters; and

         WHEREAS,  Consultant has expertise in the area of corporate  structure,
corporate finance, mergers and acquisitions and oil and gas;

         NOW,  THEREFORE,  in  consideration  of the  foregoing  and the  mutual
promises herein contained, the parties hereto agree as follows:

1.       DUTIES, SCOPE OF AGREEMENT, AND RELATIONSHIP OF THE PARTIES

         (a) The company  hereby  agrees to retain  Consultant as in house legal
counsel  and  advisor  and  consultant  on  business  matters,  consistent  with
Consultant's  expertise and ability,  and Consultant  agrees to consult with the
Company  during  the  term  of  this  Agreement.  All  parties  understand  that
Consultant has many other business  interests and will devote as much time as in
its  discretion  as  necessary to perform its duties  under this  Agreement.  In
addition,  the company  understands that  consultant's  efforts on behalf of his
other interests are the sole and separate property of Consultant.

         (b) The services rendered by Consultant to the company pursuant to this
Agreement  shall be as an  independent  contractor,  and this Agreement does not
make Consultant the employee,  agent, or legal representative of the Company for
any purpose  whatsoever,  including  without  limitation,  participation  in any
benefits or  privileges  given or extended by the Company to its  employees.  No
right or  authority  is  granted  to  Consultant  to  assume  or to  create  any
obligation or responsibility, express or implied, on behalf of or in the name of
the company.  The company shall not withhold for Consultant any federal or state
taxes from the amounts to be paid to consultant hereunder, and Consultant agrees
that he will pay all taxes due on such amounts.

         (c) Consultant agrees to make available to Company his services,  which
include  legal,   strategic  planning,   assistance  in  business   development,
assistance in the  acquisition of oil and gas  properties,  management,  and the
structuring of new debt and equity offerings.  Consultant shall provide planning
for and other advisory services as the Company may specifically request.

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2.       TERM. This Agreement shall be for a term of 3 years.

3.       COMPENSATION.

         (a)  Company  agrees  to pay  Consultant  no  less  than a Base  Fee of
$150,000.00 per year. In addition to the Base Salary, Consultant shall be paid a
monthly car allowance of six hundred dollars.

         (b). BENEFITS.  At its cost, Company shall reimburse Consultant for the
costs of medical  health  insurance,  dental and  vision  insurance,  disability
income  insurances  and other such benefits at the level afforded the same level
executives  and  consultants  of the  Company.  Consultant  shall be entitled to
participate in any Incentive Stock Option plan.

         (c)  Consultant  shall be entitled to four (4) weeks of paid vacation &
sick  leave  beginning  the 1st and  ending  after  the  last  calendar  year of
engagement  and for  each  calendar  year  during  the  term of this  Agreement.
Vacation  shall be at a mutually  agreed  upon time,  such  agreement  not to be
unreasonably  withheld.  Said  vacation and sick leave shall be fully earned the
first and last calendar years of engagement.

         (d) BUSINESS  EXPENSES.  Company  shall  reimburse  Consultant  for all
reasonable and necessary  business expenses  including highway tolls incurred by
him in carrying out his duties under this  Consulting  Agreement so long as such
expenses are properly  documented in accordance with the Company's  policies for
expense reimbursement.

         (e) COMPANY RESOURCES. As a matter of convenience, Consultant will have
limited use of Company's resources for personal purposes,  including  telephone,
copy machine, vehicles, staff and such other resources as the parties may agree.
Company will  reimburse  Consultant  for the cost of a mobile phone.  Consultant
shall  provide  his own  personal  computer  and the  Company  shall pay for any
upgrades  or  replacement  computer  for  office  and home use,  and such  other
equipment  as the  parties  may agree in  accordance  with the  Company's  usual
practice.  Upon  termination  or expiration of this Agreement the Consultant may
retain the personal computer.

         (f) OTHER SOURCES OF INCOME/EARNINGS.  The Company understands that the
Consultant  has other  sources of income and  earning  through  consultancy,  or
positions in associations,  companies, enterprises or ventures where the Company
had or has an existing relationship;  and that these relationships will continue
and  that  new  and  additional  relationships  and  sources  of  income  may be
established  in the future.  The Company  agrees  that these  relationships  and
sources of income may continue as long as the Consultant fulfills his duties and
responsibilities  and as long as the Consultant hereby warrants that there is no
current  relationship  that  constitutes  even the  perception  of a conflict of
interest or that would  preclude the Consultant  from the  fulfillment of duties
and responsibilities.

         (g) Consultant  Options.  Upon the effective date of this Agreement the
Consultant will be the legal and beneficial  owner of 250,000 options at no cost
to  Consultant.  The  options  shall  be  vested  ratably  over the term of this
agreement.  The options  shall have an exercise  price of $.10.  The  Consultant
shall be entitled to participate in any and all incentive  programs,  including,

                                      -3-
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without limited the generality of the foregoing,  share option plans,  share and
or cash bonus plans as established from time to time by the board of directors.

4.       TERMINATION. The following shall apply:

         (a). Death.  In the event of Consultant's  death during this Agreement,
this Agreement and the Consultants duties shall terminate.

         (b).  ILLNESS OR  INCAPACITY.  If,  during any term of this  Agreement,
Consultant  shall  become  unable to perform  his duties by reason of illness or
incapacity,  then Company, may, at its option, terminate this Agreement. In such
event,  the  notice  period  shall be not less than the  applicable  elimination
period  in any  employee  disability  plan of the  Company  in which  Consultant
participates. It is agreed that the determination of illness or incapacity shall
be made upon the basis of qualified  medical  evidence and if, during the notice
period,  Consultant  returns to work and is capable of carrying  out his duties,
then Company's right to terminate for illness or incapacity is suspended.

         (c) FOR CAUSE.  Upon thirty (30) days written  notice,  the Consultants
engagement  hereunder may be terminated without further liability on the part of
the Company for Cause. Only the following shall constitute "Cause" for such:

                  (i)  Conviction  of a felony,  a crime or moral  turpitude  or
         commission  of an act of  embezzlement  or fraud against the Company or
         any subsidiary or affiliate thereof:
                  (ii)  Deliberate  dishonesty  of the  Consultant  resulting in
         damages to the Company or any  subsidiary or affiliate  thereof;
                  (iii) Dereliction of duty, misfeasance or malfeasance.

         In the event of a  termination  for cause the  Consultant  shall not be
entitled to the benefits of any bonus for the period  preceding the  termination
nor will the company be required to  repurchase  any of the shares  owned by the
Consultant as hereinafter provided.

         (d) Termination at will by the Company.  The Company may terminate this
agreement  at will  upon 60 days  written  notice.  In the  Company  decides  to
terminate  this  agreement  the company  shall  repurchase  fifty percent of the
Consultants  shares  including  shares  acquired by exercising any options up to
five hundred  thousand at a price equal to ninety percent of the average trading
price over the 60 days  preceding the notice of  termination.  The Company shall
pay fifty percent of the  repurchase  within price within 30 days of termination
and the balance within 60 additional days.

         (e) Resignation by Consultant.  The Consultant may resign and terminate
this  agreement on 60 days written notice and he shall not be required to render
any further services to the Company.

         (f) SET-OFF.  The Company  shall not be entitled to any set off against
any cash compensation to be provided to the Company under this Agreement, or any
and all  compensation  received by the  Consultant  while he was also  receiving
compensation  from any other company,  unless a Conflict of Interest arises.  In
such case the  Consultant  shall  inform the Company of any such amounts of cash

                                      -4-
<PAGE>

compensation  pertaining  to the  conflict of interest  and shall  refund to the
Company  any  related  amounts  paid by the  Company.  It is  acknowledged  that
Consultant is also a director of Three Forks Inc.

         Should Consultant terminate this with or without Good Reason, he agrees
to assist  Company  for a period of time not less than thirty (30) days in order
to effect a smooth transition, unless otherwise requested by Company.

5.       EXPENSES

         The Company shall reimburse Consultant for all reasonable and necessary
expenses  incurred  by him in  carrying  out its duties  under  this  Agreement.
Consultant shall submit related receipts and documentation  with his request for
reimbursement.

6.       RENEWAL; TERMINATION

         (a) This  Agreement  shall  continue in effect until  terminated by the
parties or its expiration date.

         (b) Subject to the continuing obligations of Consultant under Section 8
below,  either party may terminate this Agreement at any time if the other party
shall fail to fulfill any material obligation under this Agreement and shall not
have cured the breach within 10 days after having received notice thereof.

         (c)  Termination or expiration of this  Agreement  shall not extinguish
any rights of compensation that shall accrue prior to the termination.

7.       CHANGE IN CONTROL

         In a  Change  of  control  event,  the  Corporation  shall  treat  this
Agreement as terminated by Corporation  without cause in which event Corporation
shall be obligated to provide the Consultant with a severance payment in lieu of
notice.  Such  severance  payment shall be payable on the 15th day following the
date on which the  Corporation  notifies the Consultant of his  termination  and
shall consist of the following amounts:

         1. The Consultants  compensation salary through the date of termination
specified in the notice of  termination at the rate in effect at the time notice
of  termination  was given,  plus an amount equal to the amount,  if any, of any
awards previously made to the Consultant which have not been paid.

         2. In lieu of further  compensation and benefits for periods subsequent
to the date of termination,  an amount which shall be equal to the  compensation
and benefits which would otherwise have been payable to or paid on behalf of the
Consultant for the (6) month period following the date of termination.

         3. Any remaining or outstanding  stock grants,  options or awards shall
fully vest with a cashless option provision.

                                      -5-
<PAGE>

8.       CONFIDENTIAL INFORMATION

         (a)  "Confidential  Information,"  as  used in this  Section  7,  means
information  that is not generally  known and that is proprietary to the Company
or that the Consultant is obligated to treat as  proprietary.  This  information
includes, without limitation:

                  (i)  Trade  secret  information  about  the  Company  and  its
         products or assets;

                  (ii)  Information  concerning  the  Company's  business as the
         Company has conducted it since the Company's incorporation or as it may
         conduct it in the future; and

                  (iii)  Information  concerning  any  of  the  Company's  past,
         current,  or possible future products,  including (without  limitation)
         information  about the Company's  research,  development,  engineering,
         purchasing,  manufacturing,  accounting, marketing, selling, or leasing
         efforts.

         (b) Any information that Consultant  reasonably considers  Confidential
Information,  or that the Company treats as  Confidential  Information,  will be
presumed to be Confidential Information (whether Consultant or others originated
it and regardless of how it obtained it).

         (c) Except as required in its duties to the  Company,  Consultant  will
never,  either  during  or after  the term of this  Agreement,  use or  disclose
confidential  Information to any person not authorized by the Company to receive
it.

         (d) If this Agreement is terminated, Consultant will promptly turn over
to the Company all records and any compositions,  articles,  devices,  apparatus
and other items that disclose,  describe,  or embody  Confidential  Information,
including  all  copies,   reproductions,   and  specimens  of  the  Confidential
Information  in its  possession,  regardless of who prepared them. The rights of
the  Company  set forth in this  Section 7 are in  addition to any rights of the
Company with respect to protection of trade secrets or confidential  information
arising  out of the common or  statutory  laws of the State of  Colorado  or any
other  state or any country  wherein  Consultant  may from time to time  perform
services  pursuant  to  this  Agreement.   This  Section  7  shall  survive  the
termination or expiration of this Agreement.

9.       FALSE OR MISLEADING INFORMATION

         The Company  warrants  that it will provide  Consultant  with  accurate
financial,  corporate,  and other data required by Consultant  and necessary for
full  disclosure  of all facts  relevant to any efforts  required of  Consultant
under this Agreement. Such information shall be furnished promptly upon request.
If the Company fails to provide such information, or if any information provided
by the Company to  Consultant  shall be false or  misleading,  or if the Company
omits or  fails  to  provide  or  withholds  relevant  material  information  to
Consultant  , then,  in such  event,  any and all fees  paid  hereunder  will be
retained by Consultant as liquidated  damages and this  Agreement  shall be null
and void and Consultant shall have no further obligation hereunder.  Further, by

                                      -6-
<PAGE>

execution of this Agreement,  the Company hereby indemnifies Consultant from any
and all costs for  expenses or damages  incurred and holds  Consultant  harmless
from any and all claims and/or actions that may arise out of providing  false or
misleading  information or by omitting  relevant  information in connection with
the efforts required of Consultant under this Agreement.

10.      MISCELLANEOUS

         (a) SUCCESSORS AND ASSIGNS. This Agreement is binding on and ensures to
the  benefit  of the  Company,  its  successors  and  assigns,  all of which are
included  in the term the  "Company"  as it is used in this  Agreement  and upon
Consultant,  its successors and assigns.  Neither this Agreement nor any duty or
right  hereunder  will be assignable or otherwise  transferable  by either party
without the written  consent of the other party,  except that the Company  shall
assign this  Agreement in  connection  with a merger,  reorganization,  business
combination,   consolidation,   assignment,   sale  or  other   disposition   of
substantially  all of its  assets or  business.  This  Agreement  will be deemed
materially  breached by the Company if its  successor  or assign does not assume
substantially all of the company's obligations under this Agreement.

         (b)  MODIFICATION.  This Agreement may be modified or amended only by a
writing signed by both the Company and Consultant.

         (c)  GOVERNING  LAW.  The laws of Colorado  will  govern the  validity,
construction, and performance of this Agreement. Any legal proceeding related to
this Agreement will be brought in an appropriate  Colorado  court,  and both the
Company and  Consultant  hereby  consent to the exclusive  jurisdiction  of that
court for this purpose.

         (d) CONSTRUCTION.  Wherever possible,  each provision of this Agreement
will be  interpreted  so that it is  valid  under  the  applicable  law.  If any
provision of this Agreement is to any extent  invalid under the applicable  law,
that  provision  will still be  effective  to the extent it remains  valid.  The
remainder  of this  Agreement  also will  continue  to be valid,  and the entire
Agreement will continue to be valid in other jurisdictions.

         (e) WAIVERS. No failure or delay by either the Company or Consultant in
exercising  any right or remedy under this Agreement will waive any provision of
the Agreement,  nor will any single or partial exercise by either the Company or
Consultant of any right or remedy under this Agreement  preclude  either of them
from  otherwise or further  exercising  these  rights or remedies,  or any other
rights or remedies granted by any law or any related document.

         (f) CAPTIONS.  The headings in this Agreement are for convenience  only
and do not affect this Agreement's interpretation.

         (g) ENTIRE  AGREEMENT.  This  Agreement  supersedes  all  previous  and
contemporaneous  oral negotiations,  commitments,  writings,  and understandings
between the parties concerning the matters in this Agreement.

                                      -7-
<PAGE>

         (h) NOTICES. All notices and other communications required or permitted
under this  Agreement  shall be in writing  and sent by  registered  first-class
mail,  postage  prepaid,  and shall be effective  five days after mailing to the
addresses  stated  below.  These  addresses  may be  changed at any time by like
notice.

         In the case of the Company:        Terex Energy Corporation.
                                            520 Zang St.
                                            Suite 250
                                            Broomfield, CO 80021

         In the case of Consultant:         W. Edward Nichols
                                            8950 Scenic Pine Dr.
                                            Parker, CO 80134

         IN WITNESS WHEREOF,  the parties have executed this Agreement as of the
date and year first above written.

 "The Company"                             "Consultant"

 By:                                        By:
    ------------------------------            ----------------------------------

                                      -8-

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