Document:

exv10w31

EXHIBIT 10.31

FOURTH AMENDMENT TO THE ESCO TECHNOLOGIES INC.

INCENTIVE COMPENSATION PLAN FOR EXECUTIVE OFFICERS

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Incentive
Compensation Plan for Executive Officers (“Plan”); and

WHEREAS, pursuant to Section IX, the Plan may be amended by action of the Human Resources and
Compensation Committee (“Committee”) of the Board of Directors of the Company; and

WHEREAS, the Committee desires to amend the Plan in accordance with the Compensation Recovery
Policy adopted by the Committee;

NOW, THEREFORE, effective as of November 11, 2010, the Plan is amended by adding the following new
Section XII at the end thereof:

XII. Covenants.

     In the event a Participant, during the period commencing with the payment of any
Incentive Compensation Award and ending two (2) years after receipt of such payment but in
any event at all times during the term of employment:

     (a) as an individual or as a partner, employee, agent, advisor, consultant or
in any other capacity of or to any person, firm, corporation or other entity,
directly or indirectly, carries on any business or becomes involved in any business
activity, which is (i) competitive with the business of the Company (or any
affiliate of the Company), as presently conducted and as said business may evolve
in the ordinary course, and (ii) a business or business activity in which the
Participant is engaged in the course of the Participant’s employment with the
Company (or any affiliate of the Company);

     (b) as an individual or as a partner, employee, agent, advisor, consultant or
in any other capacity of or to any person, firm, corporation or other entity,
directly or indirectly, recruits, solicits or hires, or assists anyone else in
recruiting, soliciting or hiring, any employee of the Company (or any affiliate of
the Company), for employment with any competitor of the Company;

     (c) induces or attempts to induce, or assists anyone else to induce or attempt
to induce, any customer of the Company (or any affiliate of the Company), to
discontinue its business with the Company (or with any affiliate of the Company);

     (d) engages in the unauthorized use or disclosure of confidential information
or trade secrets of the Company or its affiliates resulting in harm to the Company
or its affiliates; or;

     (e) engages in intentional misconduct resulting in a financial restatement or
in an increase in the Participant’s incentive or equity
compensation (such conduct
described in a-e above referred to herein as “Misconduct”).

 

 

The Company shall be entitled to recover from the Participant any Incentive Compensation
Awards paid to the Participant during any period for which restatement of the Company’s
financials is required in the event of Misconduct described in e above but not to exceed
three years and for a three-year period preceding such Misconduct or preceding the Company’s
discovery of such Misconduct in the case of Misconduct described in a-d above. The
Committee shall have sole discretion in determining the amount that shall be recovered from
the Participant under this Section XII provided that to the extent Incentive Compensation
Awards have been recovered by the Company under the Company’s Dodd Frank Act Recovery Policy
such amounts shall not be recoverable pursuant to this Policy.

        .
IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 11th day of November
2010.exv10w32

EXHIBIT 10.32

EIGHTH AMENDMENT TO THE ESCO TECHNOLOGIES INC.

PERFORMANCE COMPENSATION PLAN FOR CORPORATE, SUBSIDIARY

AND DIVISION OFFICERS AND KEY MANAGERS

WHEREAS, ESCO Technologies Inc. (“Company”) adopted the ESCO Technologies Inc. Performance
Compensation Plan for Corporate, Subsidiary and Division Officers and Key Managers (“Plan”); and

WHEREAS, pursuant to Section X, the Plan may be amended by action of the Human Resources and
Compensation Committee (“Committee”) of the Board of Directors of the Company; and

WHEREAS, the Committee desires to amend the Plan in accordance with the Compensation Recovery
Policy adopted by the Committee;

NOW, THEREFORE, effective as of November 11, 2010, the Plan is amended by adding the following new
Section XII at the end thereof:

     XII. Covenants.

     In the event a Participant, during the period commencing with the payment of any
Performance Compensation Award and ending two (2) years after receipt of such payment but in
any event at all times during the term of employment:

     (a) as an individual or as a partner, employee, agent, advisor, consultant or
in any other capacity of or to any person, firm, corporation or other entity,
directly or indirectly, carries on any business or becomes involved in any business
activity, which is (i) competitive with the business of the Company (or any
affiliate of the Company), as presently conducted and as said business may evolve in
the ordinary course, and (ii) a business or business activity in which the
Participant is engaged in the course of the Participant’s employment with the
Company (or any affiliate of the Company);

     (b) as an individual or as a partner, employee, agent, advisor, consultant or
in any other capacity of or to any person, firm, corporation or other entity,
directly or indirectly, recruits, solicits or hires, or assists anyone else in
recruiting, soliciting or hiring, any employee of the Company (or any affiliate of
the Company), for employment with any competitor of the Company;

     (c) induces or attempts to induce, or assists anyone else to induce or attempt
to induce, any customer of the Company (or any affiliate of the Company), to
discontinue its business with the Company (or with any affiliate of the Company),

     (d) engages in the unauthorized use or disclosure of confidential information
or trade secrets of the Company or its affiliates resulting in harm to the Company
or its affiliates; or

     (e) engages in intentional misconduct resulting in a financial restatement or
in an increase in the Participant’s incentive or equity compensation (such

 

 

conduct described in a-e above referred to herein as “Misconduct”).

The Company shall be entitled to recover from the Participant any Performance Compensation
Awards paid to the Participant during any period for which restatement of the Company’s
financials is required in the event of Misconduct described in e above but not to exceed
three years and for a three-year period preceding such Misconduct or preceding the Company’s
discovery of such Misconduct in the case of Misconduct described in a-d above. The
Committee shall have sole discretion in determining the amount that shall be recovered from
the Participant under this Section XII provided that to the extent Performance Compensation
Awards have been recovered by the Company under the Company’s Dodd Frank Act Recovery Policy
such amounts shall not be recoverable pursuant to this Policy.

        .
IN WITNESS WHEREOF, the foregoing Amendment was adopted on the 11th day of November, 2010.exv10w1

Exhibit 10.1

AMENDED AND RESTATED CONSULTING AGREEMENT

     THIS AMENDED AND RESTATED CONSULTING AGREEMENT (the “Agreement”) is effective as of the
29th day of November, 2010 by and between Sun River Energy, Inc., a Colorado corporation
(the “Company”), with executive offices located at 5950 Berkshire Lane, Suite 1650, Dallas, Texas
75225, and Cicerone Corporate Development, LLC, a Texas limited liability company (the
“Consultant”), with executive offices located at 1224 N. Hwy 377, Suite 303 PMB 56, Roanoke, Texas
76262.

     WHEREAS, the Company is a development-stage oil and gas exploration and production company and
desires advice regarding business strategies, capital raising and business planning;

     WHEREAS, Consultant has expertise in the areas of corporate structuring, strategic planning
and capital raising;

     WHEREAS, the Company desires to engage Consultant to provide consulting services relating to
implementation of corporate strategies, achievement of market listing standards, debt and equity
financings, and corporate governance and shareholder matters (the “Consulting Services”);

     WHEREAS, the Company and Consultant had previously entered into consulting agreements dated as
of July 31, 2009 and July 15, 2010 (the “Prior Consulting Agreements”);

     WHEREAS, the Company and Consultant desire to amend and restate the Prior Consulting
Agreements in their entirety and desire to set forth in this Agreement the terms and conditions of
the Company’s engagement of Consultant;

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

1. Services to Be Provided, Scope of Agreement, and Relationship of the Parties

     (a) The Company hereby agrees to engage Consultant to provide the Consulting Services, and
Consultant agrees to such engagement, on the terms and conditions set forth in this Agreement. In
that regard, Consultant agrees to make itself available to the Company during normal business hours
for reasonable periods of time, subject to reasonable advance notice and mutually convenient
scheduling, for the purpose of attending meetings of management and the Board of Directors, as may
be requested by the Chairman of the Board of the Company; assisting the Company in the preparation
of reports, summaries, profiles, due diligence packages, and other material and documentation in
connection with proposed acquisitions in each case as and to the extent requested by the Chief
Executive Officer of the Company.

     (b) The Company acknowledges 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 acknowledges that Consultant’s efforts on behalf of his other interests are
the sole and separate property of Consultant.

 

 

     (c) 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, expect as may be
set forth herein. In that regard, Consultant agrees that it shall act solely at the express
direction of the Company’s Chief Executive Officer and shall coordinate all contacts with third
parties, including without limitation potential sources of capital, through the Chief Executive
Officer. 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 it will pay all taxes due on such
amounts.

     (d) Consultant shall provide the Company with such other advisory and consulting services as
the Company may specifically request. Specific fees for each separate service rendered by
Consultant shall be established at the time Consultant is requested to undertake each service.

2. Compensation

     (a) As compensation for its Consulting Services hereunder, the Company will issue to
Consultant each month during the term of this Agreement 20,000 shares of its Common Stock and
20,000 warrants to purchase Common Stock. The warrants shall have an exercise price per share
equal to the closing sale price of the Common Stock on the date of issue, shall be exercisable for
two years from the date of issue, and shall provide for a “cashless” or “net issue” exercise. The
foregoing shares and warrants shall be issued as of the last business day of each month, and shall
be delivered to Consultant as soon as reasonably practicable.

     (b) Other forms of compensation may occur depending on the nature of a specific transaction
and only upon the mutual agreement of both parties. It is agreed that for oil and/or gas projects
and acquisitions, acreage sales or leases introduced by Consultant, Consultant’s fee shall equal 5%
of the price paid by the Company for any such projects, acquisitions, sales or leases, payable as
follows: (1) 50% of such fee shall be paid in cash; and (2) 50% of such fee shall be paid in
Company stock at then current price (BID Price).

3. Expenses

     The Company shall reimburse Consultant for all pre-approved reasonable and necessary expenses
incurred by it in providing the Consulting Services under this Agreement. Consultant shall submit
related receipts and documentation with its request for reimbursement.

 

 

4. Renewal; Termination

     (a) This Agreement shall continue in effect until terminated by the parties. Either of the
parties may terminate this agreement after 6 months by written notice 30 days in advance, however
any finders fees due for cash raised shall remain due and payable.

     (b) Subject to the continuing obligations of Consultant under Section 5 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.

5. Confidential Information

     (a) “Confidential Information,” as used in this Section 5, means information that is not
generally known and that is proprietary to the Company or that the Company is obligated to treat as
proprietary. This information includes, without limitation:

	 	(i)	 	Trade secret information about the Company and its operations,
plans, strategies, sources of capital, acquisition targets and financial
results;
	 
	 	(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 5 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 5 shall
survive the termination or expiration of this Agreement.

     (e) Consultant hereby acknowledge, on behalf of its members, managers, affiliates, attorneys,
advisors, agents and representatives (“Representatives”), that it is aware (and that its
Representatives who are apprised of this matter have been advised) of Consultant’s responsibility
under the U.S. federal securities laws with respect to purchasing or selling securities of a
company about which Consultant (or its Representatives) have material nonpublic information and
agree that Consultant and its Representatives will not use, nor cause any third party to use, any
information in contravention of such securities laws or any rules or regulations promulgated
thereunder. Further, Consultant agrees not to sell short any securities issued by Company.

6. False or Misleading Information and Indemnification

     The Company agrees to use commercially reasonable efforts to provide Consultant with accurate
financial, corporate, and other data reasonably requested by Consultant in connection with the
performance with its services hereunder.

7. 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, 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 Texas will govern the validity, construction, and
performance of this Agreement. Any legal proceeding related to this Agreement will be brought in
an appropriate court in Dallas County, Texas, 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.

     (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 attention of the signatories to this Agreement at the
addresses stated in the introductory paragraph to this Agreement.

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

	 	 	 	 	 	 	 	 	 

	Sun River Energy, Inc.	 	 	 	Cicerone Corporate Development, LLC
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	By:

	 	./s/ Donal R. Schmidt, Jr.
	 	 	 	By:
	 	/s/ Josh Pingel
	 

	 	 
	 	 	 	 	 	 
	Name:

	 	Donal R. Schmidt, Jr.
	 	 	 	Name:
	 	Josh Pingel
	Title:

	 	President and
	 	 	 	Title:
	 	Managing Member
	 

	 	Chief Executive Officer

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