Document:

EX-10.13

 Exhibit 10.13 

PRESBIA PLC 
 This Deed of
Indemnification (“Deed”), dated as of              2014, is made by and between Presbia PLC, a public limited company incorporated in Ireland (registered number 539137) and
having its registered office at Arthur Cox Building, Earlsfort Centre, Earlsfort Terrace, Dublin 2 (the “Company”), and
                     (“Indemnitee”). 

RECITALS 
 A. The Company is
aware that competent and experienced persons are increasingly reluctant to serve as representatives of corporations unless they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and
risks resulting from their service to such corporations, and due to the fact that the exposure frequently bears no relationship to the compensation of such representatives; 

B. The members of the Board of Directors of the Company (the “Board”) have concluded that to retain and attract talented and
experienced individuals to serve as representatives of the Company and its Subsidiaries and Affiliates and to encourage such individuals to take the prudent business risks necessary for the success of the Company and its Subsidiaries and Affiliates,
it is necessary for the Company to contractually indemnify certain of its representatives and the representatives of its Subsidiaries and Affiliates, and to assume for itself maximum liability for Expenses and Other Liabilities in connection with
claims against such representatives in connection with their service to the Company and its Subsidiaries and Affiliates; 
 C. The articles
of association of the Company (the “Articles”) provide that the indemnification provided therein shall not be exclusive and thereby contemplate that agreements may be made with members of the board of directors, secretaries,
officers, executives and other persons with respect to indemnification; 
 D. The Company desires and has requested Indemnitee to serve or
continue to serve as a representative of the Company and/or the Subsidiaries or Affiliates of the Company free from undue concern about inappropriate claims for damages arising out of or related to such services to the Company and/or the
Subsidiaries or Affiliates of the Company; 
 E. It is reasonable, prudent and necessary for the Company contractually to obligate itself to
indemnify, and to advance expenses on behalf of, such person, regardless of any amendment or revocation of the Company’s memorandum of association (the “Memorandum”) or the Articles, so that they will serve or continue to serve
the Company and its Subsidiaries free from undue concern that they will not be so indemnified; and 
 F. This Deed is a supplement to and in
furtherance of the indemnification provided in the Articles or other governing documents of the Company and/or its Subsidiaries and any resolutions adopted pursuant thereto, and shall not be deemed a substitute therefor, nor to diminish or abrogate
any rights of Indemnitee thereunder. 

 AGREEMENT 

NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby agree as follows: 

1. Definitions. 
 (a)
Affiliate. For purposes of this Deed, “Affiliate” of the Company means any corporation, partnership, limited liability company, joint venture, trust or other enterprise in respect of which Indemnitee is or was or will be
serving as a director, officer, trustee, manager, member, partner, employee, agent, attorney, consultant, member of the entity’s governing body (whether constituted as a board of directors, board of managers, general partner or otherwise),
fiduciary, or in any other similar capacity at the request, election or direction of the Company, and including, but not limited to, any employee benefit plan of the Company or a Subsidiary or Affiliate of the Company. 

(b) Change in Control. For purposes of this Deed, “Change in Control” means (i) any “person” (as such
term is used in Sections 13(d) and 14(d) of the Exchange Act), other than a Subsidiary or a trustee or other fiduciary holding securities under an employee benefit plan of the Company or Subsidiary, is or becomes the “Beneficial Owner” (as
defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power represented by the Company’s then outstanding capital stock, or (ii) during any period of two
consecutive years, individuals who at the beginning of such period constitute the Board and any new director whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least two-thirds
(2/3) of the directors then still in office who either were directors at the beginning of the period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority thereof, or
(iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger or consolidation that would result in the outstanding capital stock of the Company outstanding immediately
prior thereto continuing to represent (either by remaining outstanding or by being converted into capital stock of the surviving entity) at least 80% of the total voting power represented by the capital stock of the Company or such surviving entity
outstanding immediately after such merger or consolidation, or the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the Company (in one transaction or a series of
transactions) of all or substantially all of the Company’s assets. 
 (c) Expenses. For purposes of this Deed,
“Expenses” means all direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements, and other out-of-pocket costs), paid or incurred by Indemnitee in
connection with either the investigation, defense or appeal of, or being a witness in, a Proceeding (as defined below), or establishing or enforcing a right to indemnification under this Deed, Section 145 or otherwise; provided, however, that
Expenses shall not include any judgments, fines, taxes or penalties or amounts paid in settlement of a Proceeding. 
 (d) Exchange
Act. For purposes of this Deed, “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 

  
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 (e) Indemnifiable Event. For purposes of this Deed, “Indemnifiable Event”
means any event or occurrence related to the scope of Indemnitee’s service for or employment with the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined below), or by reason of anything done or not done, or any act or
omission, by Indemnitee in any such capacity. 
 (f) Indemnifiable Person. For the purposes of this Deed, “Indemnifiable
Person” means the Indemnitee. 
 (g) Independent Counsel. For purposes of this Deed, “Independent Counsel”
means legal counsel that has not performed services for the Company or Indemnitee in the five years preceding the time in question and that would not, under applicable standards of professional conduct, have a conflict of interest in representing
either the Company or Indemnitee. 
 (h) Other Liabilities. For purposes of this Deed, “Other Liabilities” means any
and all liabilities of any type whatsoever (including, but not limited to, judgments, fines, penalties, ERISA (or other benefit plan related) excise taxes or penalties, and amounts paid in settlement and all interest, taxes, assessments and other
charges paid or payable in connection with or in respect of any such judgments, fines, ERISA (or other benefit plan related) excise taxes or penalties, or amounts paid in settlement). 

(i) Proceeding. For the purposes of this Deed, “Proceeding” means any threatened, pending, or completed action, suit
or other proceeding, whether civil, criminal, administrative, investigative, legislative or any other type whatsoever, preliminary, informal or formal, including any arbitration or other alternative dispute resolution and including any appeal of any
of the foregoing. 
 (j) Subsidiary. For purposes of this Deed, “Subsidiary” means any entity of which more than 50%
of the outstanding voting securities is owned directly or indirectly by the Company. 
 2. Agreement to Serve. The Indemnitee agrees
to serve and/or continue to serve as an Indemnifiable Person in the capacity or capacities in which Indemnitee currently serves the Company and/or its Subsidiaries or Affiliates as an Indemnifiable Person, and any additional capacity in which
Indemnitee may agree to serve, until such time as Indemnitee’s service in a particular capacity shall end according to the terms of an agreement, the Company’s Certificate of Incorporation or the Articles, governing law, or otherwise.
Nothing contained in this Deed is intended to create any right to continued employment or other form of service for the Company or a Subsidiary or Affiliate of the Company by Indemnitee. 

3. Mandatory Indemnification. 

(a) Agreement to Indemnify. In the event Indemnitee is a person who was or is a party to or witness in or is threatened to be made a
party to or witness in any Proceeding by reason of an Indemnifiable Event, the Company shall indemnify Indemnitee from and against any and all Expenses and Other Liabilities incurred by Indemnitee in connection with (including in preparation for)
such Proceeding. 
 (b) Exception for Amounts Covered by Insurance and Other Sources. Notwithstanding the foregoing, except as
provided in Section 3(c), the Company shall not be obligated to indemnify Indemnitee for Expenses or Other Liabilities of any type whatsoever (including, but 

  
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not limited to judgments, fines, penalties, taxes or penalties and amounts paid in settlement) to the extent such have been paid directly to Indemnitee (or paid directly to a third party on
Indemnitee’s behalf) by any directors and officers, or other type, of insurance maintained by the Company or pursuant to other indemnity arrangements with third parties. 

4. Partial Indemnification. If Indemnitee is entitled under any provision of this Deed to indemnification by the Company for some or a
portion of any Expenses or Other Liabilities but not entitled, however, to indemnification for the total amount of such Expenses or Other Liabilities, the Company shall nevertheless indemnify Indemnitee for such total amount. In any review or
Proceeding to determine the extent of indemnification, the Company shall bear the burden to establish, by clear and convincing evidence, the lack of a successful resolution of a particular claim, issue or matter and which amounts sought in indemnity
are allocable to claims, issues or matters which were not successfully resolved. 
 5. Liability Insurance. So long as Indemnitee
shall continue to serve the Company or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed Proceeding as a result of an
Indemnifiable Event, the Company shall use reasonable efforts to maintain in full force and effect for the benefit of Indemnitee as an insured (a) liability insurance issued by one or more reputable insurers and having the policy amount and
deductible deemed appropriate by the Board and providing in all respects coverage at least comparable to and in the same amount as that coverage (whichever is greater) provided to the Chairman of the Board or the Chief Executive Officer of the
Company and (b) any replacement or substitute policies issued by one or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that coverage (whichever is greater) being provided to the
Chairman of the Board or the Chief Executive Officer of the Company. The purchase, establishment and maintenance of any such insurance or other arrangements shall not in any way limit or affect the rights and obligations of the Company or of
Indemnitee under this Deed except as expressly provided herein, and the execution and delivery of this Deed by the Company and Indemnitee shall not in any way limit or affect the rights and obligations of the Company or the other party or parties
thereto under any such insurance or other arrangement. 
 6. Mandatory Advancement of Expenses. 

(a) Advancement. If requested by Indemnitee, the Company shall advance prior to the final disposition of the Proceeding all Expenses
reasonably incurred by Indemnitee in connection with (including in preparation for) a Proceeding related to an Indemnifiable Event. Indemnitee hereby undertakes to repay such amounts advanced if, and only if and to the extent that, it shall
ultimately be determined that Indemnitee is not entitled to be indemnified by the Company. The advances to be made hereunder shall be paid by the Company to Indemnitee or directly to a third party designated by Indemnitee within thirty
(30) days following delivery of a written request therefor by Indemnitee to the Company. Indemnitee’s undertaking to repay any Expenses advanced to Indemnitee hereunder shall be unsecured and shall not be subject to the accrual or payment
of any interest thereon. 
 (b) Exception. Notwithstanding the provisions of Section 6(a), the Company shall not be obligated to
make any further advance of Expenses to Indemnitee if any one of the following determines in good faith that the facts known to them at the time such determination is made 

  
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demonstrate clearly and convincingly that Indemnitee acted in bad faith: (i) those members of the Board consisting of directors who were not parties to the Proceeding for which a claim is
made under this Deed (“Independent Directors”), even though less than a quorum, (ii) a committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum,
(iii) Independent Counsel, by written legal opinion, or (iv) a panel of arbitrators (one of whom is selected by the Company, another of whom is selected by Indemnitee and the last of whom is selected by the first two arbitrators so
selected). The Company shall have the option to submit the question of whether Indemnitee has acted in bad faith to one of the four alternative decision makers set forth in the preceding sentence and to select the decision maker, but following a
favorable determination to Indemnitee rendered by the first decision maker selected, the Company may not submit the matter to another of the named decision makers. If the Company elects to submit the matter to Independent Counsel, such counsel shall
be selected by Indemnitee and approved by the Independent Directors or a committee of Independent Directors (which approval may not be unreasonably withheld). Any decision maker so selected shall render a decision within thirty (30) days of
such decision maker’s selection (which shall include in the case of Independent Counsel or a panel of arbitrators, when the person or persons acting as such counsel or such panel has or have been selected as provided above). 

If a decision is made by the decision maker that Indemnitee acted in bad faith, Indemnitee shall have the right to apply to the Delaware Court
of Chancery for the purpose of determining whether Indemnitee has acted in bad faith. This Section 6(b) shall terminate and be of no further force or effect upon a Change in Control of the Company. 

7. Notice and Other Indemnification Procedures. 

(a) Notification. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any Proceeding,
Indemnitee shall, if Indemnitee believes that indemnification or advancement of Expenses with respect thereto may be sought from the Company under this Deed, notify the Company of the commencement or threat of commencement thereof. However, a
failure so to notify the Company promptly following Indemnitee’s receipt of such notice shall not relieve the Company from any liability that it may have to Indemnitee except to the extent that the Company is materially prejudiced in its
defense of such Proceeding as a result of such failure. 
 (b) Insurance and Other Matters. If, at the time of the receipt of a
notice of the commencement of a Proceeding pursuant to Section 7(a) above, the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the issuers in
accordance with the procedures set forth in the respective policies. The Company shall thereafter take all reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance
with the terms of such insurance policies. 
 (c) Assumption of Defense. In the event the Company shall be obligated to advance the
Expenses for any Proceeding against Indemnitee, the Company, if deemed appropriate by the Company, shall be entitled to assume the defense of such Proceeding as provided herein. Such defense by the Company may include the representation of two or
more parties by one attorney or law firm as permitted under the ethical rules and legal requirements related to joint representations. Following delivery of written notice to Indemnitee of the Company’s election to

  
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assume the defense of such Proceeding, the approval by Indemnitee (which approval shall not be unreasonably withheld) of counsel designated by the Company and the retention of such counsel by the
Company, the Company will not be liable to Indemnitee under this Deed for any fees and expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. If (i) the employment of counsel by Indemnitee has been
previously authorized by the Company, (ii) Indemnitee shall have notified the Board in writing that Indemnitee has reasonably concluded that there is likely to be a conflict of interest between the Company and Indemnitee in the conduct of any
such defense, or (iii) the Company fails to employ counsel to assume the defense of such Proceeding, the fees and expenses of Indemnitee’s counsel shall be subject to indemnification and/or advancement pursuant to the terms of this Deed.
Nothing herein shall prevent Indemnitee from employing counsel for any such Proceeding at Indemnitee’s expense. 
 (d)
Settlement. The Company shall not be liable to indemnify Indemnitee under this Deed or otherwise for any amounts paid in settlement of any Proceeding effected without the Company’s written consent; provided that if a Change in
Control has occurred and the Company has not provided such consent, the Company shall submit the terms of such settlement to Independent Counsel and the Company shall be liable for indemnification of Indemnitee for amounts paid in such settlement if
Independent Counsel has approved the settlement. Neither the Company nor any Subsidiary or Affiliate shall enter into a settlement of any Proceeding that might result in the imposition of any Expense, Other Liability, penalty, limitation or
detriment on Indemnitee, whether indemnifiable under this Deed or otherwise, without Indemnitee’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold consent from any settlement of any Proceeding. 

8. Determination of Right to Indemnification. 

(a) Success on the Merits or Otherwise. To the extent that Indemnitee has been successful on the merits or otherwise in defense of any
Proceeding referred to in Section 3(a) above or in the defense of any claim, issue or matter described therein, the Company shall indemnify Indemnitee against Expenses actually and reasonably incurred in connection therewith. 

(b) Indemnification in Other Situations. In the event that Section 8(a) is inapplicable, the Company shall also indemnify
Indemnitee if Indemnitee has not failed to meet the applicable standard of conduct for indemnification. 
 (c) Forum. Indemnitee
shall be entitled to select the forum in which determination of whether or not Indemnitee has met the applicable standard of conduct shall be decided, and such election will be made from among the following: 

(1) those members of the Board who are Independent Directors even though less than a quorum; 

(2) a committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum; or 

(3) Independent Counsel selected by Indemnitee and approved by the Board, which approval may not be unreasonably withheld, which counsel
shall make such determination in a written opinion. 

  
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 If Indemnitee is an officer or a director of the Company at the time that Indemnitee is
selecting the forum, then Indemnitee shall not select Independent Counsel as such forum unless there are no Independent Directors or unless the Independent Directors agree to the selection of Independent Counsel as the forum. The selected forum
shall be referred to herein as the “Reviewing Party.” Notwithstanding the foregoing, following any Change in Control, the Reviewing Party shall be Independent Counsel selected in the manner provided in (3) above. 

(d) Decision Timing and Expenses. As soon as practicable, and in no event later than thirty (30) days after receipt by the Company
of written notice of Indemnitee’s choice of forum pursuant to Section 8(c) above, the Company and Indemnitee shall each submit to the Reviewing Party such information as they believe is appropriate for the Reviewing Party to consider. The
Reviewing Party shall arrive at its decision within a reasonable period of time following the receipt of all such information from the Company and Indemnitee, but in no event later than thirty (30) days following the receipt of all such
information, provided that the time by which the Reviewing Party must reach a decision may be extended by mutual agreement of the Company and Indemnitee. All Expenses associated with the process set forth in this Section 8(d), including but not
limited to the Expenses of the Reviewing Party, shall be paid by the Company. 
 (e) Expenses. The Company shall indemnify Indemnitee
against all Expenses incurred by Indemnitee in connection with any hearing or Proceeding under this Section 8 or under Section 6(b) involving Indemnitee and against all Expenses and Other Liabilities incurred by Indemnitee in connection
with any other Proceeding between the Company and Indemnitee involving the interpretation or enforcement of the rights of Indemnitee under this Deed unless a court of competent jurisdiction finds that each of the material claims of Indemnitee in any
such Proceeding was frivolous or made in bad faith. 
 (f) Determination of “Good Faith”. For purposes of any determination
of whether Indemnitee acted in “good faith” or acted in “bad faith,” Indemnitee shall be deemed to have acted in good faith or not acted in bad faith if in taking or failing to take the action in question Indemnitee relied on the
records or books of account of the Company or a Subsidiary or Affiliate, including financial statements, or on information, opinions, reports or statements provided to Indemnitee by the officers or other employees of the Company or a Subsidiary or
Affiliate in the course of their duties, or on the advice of legal counsel for the Company or a Subsidiary or Affiliate, or on information or records given or reports made to the Company or a Subsidiary or Affiliate by an independent certified
public accountant or by an appraiser or other expert selected by the Company or a Subsidiary or Affiliate, or by any other person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within
such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company or a Subsidiary or Affiliate. In connection with any determination as to whether Indemnitee is entitled to be
indemnified hereunder, or to advancement of expenses, the Reviewing Party, decision maker pursuant to Section 6(b) or court shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification or
advancement of Expenses, as the case may be, and the burden of proof shall be on the Company to establish, by clear and convincing evidence, that Indemnitee is not so entitled. The provisions of this Section 8(g) shall not be deemed to be
exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Deed. In addition, the knowledge and/or actions, or failures to act, of any other person
serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person shall not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder. 

  
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 9. Exceptions. Any other provision herein to the contrary notwithstanding, 

(a) Claims Initiated by Indemnitee. The Company shall not be obligated pursuant to the terms of this Deed to indemnify or advance
Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way of defense, except (i) with respect to Proceedings brought to establish or enforce a right to indemnification under this
Deed, any other statute or law, as permitted under Section 145, or otherwise, (ii) where the Board has consented to the initiation of such Proceeding, or (iii) with respect to Proceedings brought to discharge Indemnitee’s
fiduciary responsibilities, whether under ERISA or otherwise, but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate; or 

(b) Actions Based on U.S. Federal Statutes Regarding Profit Recovery and Return of Bonus Payments. The Company shall not be obligated
pursuant to the terms of this Deed to indemnify Indemnitee on account of (i) any suit in which judgment is rendered against Indemnitee for an accounting of profits made from the purchase or sale by Indemnitee of securities of the Company
pursuant to the provisions of Section 16(b) of the Exchange Act and amendments thereto or similar provisions of any U.S. federal, state or local statutory law, or (ii) any reimbursement of the Company by the Indemnitee of any bonus or
other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such reimbursements that arise from an
accounting restatement of the Company pursuant to Section 304 of the U.S. Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”) or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in
violation of Section 306 of the Sarbanes-Oxley Act) or under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010; or 

(c) Unlawful Indemnification. The Company shall not be obligated pursuant to the terms of this Deed to indemnify Indemnitee for Other
Liabilities if such indemnification is prohibited by law or public policy. 
 10. Non-exclusivity. The provisions for indemnification
and advancement of Expenses set forth in this Deed shall not be deemed exclusive of any other rights which Indemnitee may have under any provision of law, the Company’s Certificate of Incorporation or the Memorandum or the Articles, any bylaws,
the vote of the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to acts or omissions in his or her official capacity and to acts or omissions in another capacity while serving the Company or a
Subsidiary or Affiliate as an Indemnifiable Person and Indemnitee’s rights hereunder shall continue after Indemnitee has ceased serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person and shall inure to the benefit of the
heirs, executors and administrators of Indemnitee. 
 11. Severability. If any provision or provisions of this Deed shall be held to
be invalid, illegal or unenforceable for any reason whatsoever, the validity, legality and enforceability of the remaining provisions of the Deed (including, without limitation, all portions of any paragraphs of this Deed containing any such
provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby. 

  
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 12. Modification and Waiver. No supplement, modification or amendment of this Deed shall
be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions of this Deed shall be deemed or shall constitute a waiver of any other provision hereof (whether or not similar) and except as expressly provided
herein, no such waiver shall constitute a continuing waiver. 
 13. Successors and Assigns. The terms of this Deed shall bind, and
shall inure to the benefit of, the successors and assigns of the parties hereto. 
 14. Notice. All notices, requests, demands and
other communications under this Deed shall be in writing and shall be deemed duly given (a) if delivered by hand and a receipt is provided by the party to whom such communication is delivered, (b) if mailed by certified or registered mail
with postage prepaid, return receipt requested, on the signing by the recipient of an acknowledgement of receipt form accompanying delivery through the U.S. mail, (c) personal service by a process server, or (d) delivery to the
recipient’s address by overnight delivery (e.g., FedEx, UPS or DHL) or other commercial delivery service. Addresses for notice to either party are as shown on the signature page of this Deed, or as subsequently modified by written notice
complying with the provisions of this Section 14. Delivery of communications to the Company with respect to this Deed shall be sent to the attention of the Company’s Chief Executive Officer. 

15. No Presumptions. For purposes of this Deed, the termination of any Proceeding, by judgment, order, settlement (whether with or
without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has
determined that indemnification is not permitted by applicable law or otherwise. In addition, neither the failure of the Company or a Reviewing Party or one of the decision makers described in Section 6(b) to have made a determination as to
whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Company including a determination pursuant to Section 6(b), or a Reviewing Party that Indemnitee has not met such
standard of conduct or did not have such belief, prior to the commencement of Proceedings by Indemnitee to secure a judicial determination by exercising Indemnitee’s rights under Section 6(b) or 8(e) of this Deed shall be a defense to
Indemnitee’s claim or create a presumption that Indemnitee has failed to meet any particular standard of conduct or did not have any particular belief or is not entitled to indemnification under applicable law or otherwise. 

16. Survival of Rights. The rights conferred on Indemnitee by this Deed shall continue after Indemnitee has ceased to serve the Company
or a Subsidiary or Affiliate of the Company as an Indemnifiable Person and shall inure to the benefit of Indemnitee’s heirs, executors and administrators. 

17. Subrogation and Contribution. Except as otherwise expressly provided in this Deed: 

(a) In the event of payment under this Deed, the Company shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 

  
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 (b) if the indemnification provided for in this Deed is unavailable to Indemnitee for any reason
whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by or on behalf of Indemnitee, whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Deed, in such proportion as is deemed fair and reasonable in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received
by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees and agents) and Indemnitee in connection with
such event(s) and/or transaction(s). 
 18. Specific Performance, Etc. The parties recognize that if any provision of this Deed is
violated by the Company, Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute Proceedings, either in law or at equity, to obtain
damages, to enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. 

19. Exclusions. In addition to and notwithstanding any other provision of this Agreement to the contrary, the Company shall not be
obliged to under this Agreement to make any payment pursuant to this Agreement for which payment is expressly prohibited by law (including, with respect to any director or secretary of the Company, in respect of any liability expressly prohibited
from being indemnified pursuant to section 200 of the Irish Companies Act 1963 (as amended)), but (i) in no way limiting any rights under section 391 of the Irish Companies Act 1963 (as amended), and (ii) to the extent any such limitations
or prescriptions are amended or determined by a court of a competent jurisdictions to be void or inapplicable, or relief to the contrary is granted, then the Indemnitee shall receive the greatest rights then available under law. 

20. Counterparts. This Deed may be executed in counterparts (including counterparts with electronic signatures), each of which shall
for all purposes be deemed to be an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of
this Deed. 
 21. Headings. The headings of the sections and paragraphs of this Deed are inserted for convenience only and shall not
be deemed to constitute part of this Deed or to affect the construction or interpretation thereof. 
 22. Governing Law. This Deed
shall be governed exclusively by and construed according to the laws of Ireland applicable to contracts made and to be performed in such State without giving effects to its principles of conflicts of laws. 

23. Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of the State
of Delaware for all purposes in connection with any Proceeding which arises out of or relates to this Deed. 
 24. Effective Date.
This Deed shall be effective as of              2014 (the “Effective Date”). 

  
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 25. Entire Agreement. This Deed and the documents referred to herein constitute the entire
agreement and understanding of the parties with respect to the subject matter of this Deed, and, upon the Effective Date, this Deed and the documents referred to herein supersede any and all prior understandings and agreements, whether oral or
written, between or among the parties hereto with respect to the specific subject matter hereof. 

  
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 The parties hereto have entered into this Deed of Indemnification on the date first set forth above but effective
as of the Effective Date. 
 GIVEN under the COMMON SEAL of 

PRESBIA PLC 
 and DELIVERED as a
DEED: 
  

	
	  

	Director
	
	  

	Director/Secretary

  

			
	Signature of witness:	 	  

		
	Name:	 	  

		
	Address:	 	  

		
		 	  

		
	Occupation:	 	  

 SIGNED AND DELIVERED AS A DEED 

by [INDEMNITEE] 
 in the presence of: 

 

	
	  

	 Signature

  

			
	Signature of witness:	 	  

		
	Name:	 	  

		
	Address:	 	  

		
		 	  

		
	Occupation:2014-10-07 Exhibit 10.1

Employment Agreement

This Employment Agreement (hereinafter referred to as "Agreement") is entered into as of October 7, 2014 (the “Effective Date”), by and between Miller Energy Resources, Inc., a corporation organized and existing under the laws of the State of Tennessee, and all of its subsidiaries, with its principal place of business at 9721 Cogdill Road, Suite 302 Knoxville, Tennessee 37932 (hereinafter referred to collectively as the "Company"), and David M. Hall residing at [REDACTED] (the “Employee”). 

WITNESSETH:

WHEREAS, the Company desires to continue to employ the Employee as Chief Operating Officer of the Company and Chief Executive Officer of Cook Inlet Energy, LLC (“CIE”); and  

WHEREAS, the Employee desires to continue to serve the Company as Chief Operating Officer and as CIE’s Chief Executive Officer; 

WHEREAS, the parties have determined it to be in their respective best interests to enter into this Agreement;

WHEREAS, the Employee is currently a “named executive officer” of the Company within the meaning of Item 402 of regulation S-K; and

WHEREAS, the Board of Directors of the Company (“Board”) and its Compensation Committee (“Committee”) approved the terms of this Agreement and of the compensation contained herein on October 7, 2014. 

NOW, THEREFORE, in consideration of the promises and the mutual covenants hereinafter set forth, and of other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged by each party to the other, the parties hereto agree as follows: 

SECTION 1: POSITION AND DUTIES

		
	1.1
	Employment. The Company hereby employs Employee and Employee accepts employment as Chief Operating Officer of the Company and Chief Executive Officer of CIE.  During the Term of this Agreement and any extensions thereof, the Employee’s principal place of employment shall be in Anchorage, Alaska, and the Employee shall be furnished an office there commensurate with his duties.  The parties further agree that, during the Term (as defined below) of this Agreement, Employee shall serve the Company as the principal officer in charge of the Company’s oil and gas operations. Employee shall be principally responsible for and shall have full power and authority to perform all duties incidental to the general management and oversight of the oil and gas operations of the Company.

		
	1.2
	Term.  Unless earlier terminated pursuant to the provisions hereof, the initial term of Employee’s employment under this Agreement shall be for the period beginning on the date hereof and ending on September 13, 2017 (the “Term”). Said Term shall be automatically renewed thereafter for successive three-year terms unless the Board or any successor entity provides Employee with written notice that the Agreement will not be renewed no later than 120 days prior to the expiration of the then-current term.  Notwithstanding the foregoing, in the event a Change in Control (as defined below) occurs during the then-current term, the Term of this Agreement shall not end prior to the first anniversary of such 

Change in Control.

		
	1.3
	Duties.  During the Term of his employment pursuant to this Agreement, Employee shall serve the Company faithfully and to the best of his ability and shall devote his business and professional time, energy, and diligence to the performance of the duties of such positions, and he shall perform such services and duties in connection with the business and affairs of the Company (i) as are customarily incident to such positions, and (ii) subject to Section 1.1 hereof, as may reasonably be assigned or delegated to him from time to time by the Board or the Chief Executive Officer of the Company, including but not limited to the hiring and firing of employees of the Company, CIE and their subsidiaries.. 

SECTION 2: COMPENSATION. BENEFITS AND OTHER ENTITLEMENTS

		
	2.1
	Base Salary.

		
	a)
	As compensation for his services hereunder and as consideration for his covenant not to compete provided for in Section 4 hereof, Employee shall be paid a base annual salary at the rate of Four Hundred and Seventy Five Thousand and 00/00 Dollars ($475,000.00) per year, which rate of compensation shall be in effect from the Effective Date until the end of the initial Term of this Agreement. Thereafter, the base annual salary shall be at the rate determined in good faith by the Committee (or, if applicable under the Company’s Bylaws, by the Board itself) at the Committee’s (or Board's, as applicable) regularly scheduled meeting following the end of each fiscal year or upon any special meeting, based upon the Company's review of Employee's performance during the preceding fiscal year or lesser period, but shall not be reduced below the base annual salary in effect at the end of the immediately preceding fiscal year unless otherwise agreed to in writing by the parties. The base annual salary shall be payable at such periodic intervals, as from time to time are applicable with respect to the other salaried executive personnel of the Company, and shall be inclusive of all applicable income taxes, Social Security, and other taxes and charges that are required by law to be withheld by the Company or that are requested to be withheld by Employee.

		
	b)
	If Employee’s base annual salary is hereafter increased by the Committee (or Board, as applicable), it shall not thereafter be reduced below a figure equal to the amount of base annual salary in effect immediately prior to such increase, together with an amount equal to the product of (x) the amount of base annual salary in effect immediately prior to such increase, multiplied by (y) the percentage increase in the consumer price index in Anchorage, Alaska to the last day of the fiscal year preceding any such reduction.

		
	2.2
	Incentives. Immediately upon the Effective Date, the Company shall grant to the Employee an option to purchase Two Hundred Thousand (200,000) shares of the common stock of the Company, which shall vest as follows: (i) 66,667 shares on September 14, 2015; (ii) 66,667 shares on September 14, 2016; and (iii) 66,666 shares on September 14, 2017.  The options hereby granted may be exercised for a period of ten (10) years from and after the Effective Date at an exercise price equal to the stock closing price on the Effective Date.  The remaining terms of this option shall be governed by the 2010 Equity Compensation Plan (including any successor plan thereto, the “Plan”).

Employee shall be eligible to participate in the bonus policies established by the Committee (or, if applicable under the Company’s Bylaws, by the Board itself) for executive officers of the Company from time to time, including but not limited to the “Fiscal Year 2015 Executive Compensation Plan” 

as previously adopted by the Committee.

		
	2.3
	Insurance. 

		
	a)
	The Company shall provide to Employee the standard package of family insurance benefits which are from time to time provided to other executive employees, including medical and major medical, and dental insurance coverage.

		
	b)
	The Company shall provide the Employee coverage under its D & O insurance policy. 

		
	2.4
	Other Benefits. The Company shall provide Employee the following additional benefits: 

		
	a)
	Upon production of accounts and vouchers or other reasonable evidence of payment by employee, all in accordance with the Company’s regular procedures in effect from time to time, reimbursement of all reasonable and ordinary expenses incurred for Company business, provided the same are of a type which are allowable for deductions under applicable federal tax law. 

		
	b)
	Paid vacation during the each calendar year of four (4) weeks per year, or such greater amount as may be permitted from time to time by the Company's vacation policy, to be taken at such time as selected by Employee.  If Employee does not use all of the allotted weeks of vacation in any calendar year of the Company, Employee shall be entitled to add any and all unused vacation days to the paid vacation permitted under this Agreement for the following calendar year.

		
	c)
	Employee shall be entitled to short-term medical leave benefits for up to three (3) months for time out of work over any three (3) year period of time due to a psychological or physical illness, injury, or condition. Such benefits shall include full pay to Employee for any leave which is due to medical or psychological conditions as supported by appropriate written verification from Employee's treating medical or psychological/psychiatric professional.

		
	d)
	The Company shall provide to the Employee “key-man life insurance” in an amount of not less than Five Million ($5,000,000.00) Dollars, and which will provide that the beneficiaries of the policy shall be one-half to the Company and one-half to the spouse of the Employee.

		
	e)
	Upon the event of a Change in Control, as hereinafter defined, the Employee shall be paid within thirty (30) days of the effective date of such Change in Control a lump sum bonus that is in addition to any other compensation, severance pay, bonus, or salary, in the aggregate amount equal to the Employee’s then base annual salary. 

		
	f)
	In addition to the benefits bestowed upon Employee in this Agreement, Employee shall be entitled to participate in and enjoy the Company’s retirement savings plan and other benefits as are generally extended to employees serving in an executive capacity, including any capacity similar to that of Employee, in accordance with the Company's customary practices and policies.

		
	2.5.
	Withholding of Taxes. All compensation, in cash or otherwise, required to be paid by the Company to Employee under this Agreement shall be subject to the withholding of such amounts, if any, relating to tax, excise tax and other payroll deductions as the Company may reasonably determine it should withhold pursuant to any applicable law or regulation.

SECTION 3:  TERMINATION OF EMPLOYMENT

		
	3.1
	Death.  Employee’s employment hereunder shall terminate upon his death.  Upon such termination, the Employee’s stock options shall immediately vest and shall be exercisable for the maximum period permitted under the Plan.

		
	3.2
	Disability.  If due to physical or mental disability, Employee is not able to perform his material duties hereunder on a full-time basis for a period of four (4) months (whether consecutive or not) within any twelve (12)-month period, the Company may terminate his employment hereunder for “Disability.”  The determination of “Disability” shall be based upon a certificate as to such physical or mental disability issued by a licensed physician and/or psychiatrist (as the case may be) mutually agreed upon by the Employee and the Company.  Upon such termination, the Employee’s unvested stock options shall  immediately vest and all then vested stock options shall be exercisable for a period of the greater of twenty-four (24) months thereafter or the period specified in the grant, not to exceed the maximum term for such options as may be permitted under the Plan.

		
	3.3
	By the Company for “Cause”.  The Company, upon a majority vote of the Board of Directors after notice to Employee (as described below) and advice of independent legal counsel, may terminate Employee’s employment immediately for “Cause,” which shall mean and be limited to the following: 

		
	a)
	Willful, habitual and continued unavailability to act or respond on behalf of the Company; 

		
	b)
	Willful misconduct or fraud;

		
	c)
	Conviction, by a court of competent jurisdiction, of a felony (whether or not committed during the term hereof or in the course of employment hereunder); 

		
	d)
	Willful, continued, and material failure to observe or perform the duties of his employment hereunder; and

		
	e)
	Willfully acting in a manner materially adverse to the best interests of the Company.

With regard to this Section 3.3, the Company shall first provide Employee with 45 days written notice of such alleged misconduct, including a specific description of such breach, failure, or neglect of duty or obligation sufficient to allow Employee an opportunity to correct such noted problems. Employee shall not be terminated under paragraph 3.3 unless, after the notice period expires, Employee continues to fail to satisfactorily perform his duties. Prior to any vote regarding misconduct, Employee will be given the opportunity to appear before the Board, with his legal counsel, to present any relevant information he believes the Board should consider in making such a decision.  Nothing herein shall prevent or prohibit the Board from temporarily suspending the Employee from his duties, with pay as specified herein, for the period of time after which the Board determines that “Cause” may exist but before the date, following the expiration of the notice period provided to the Employee as set forth above, on which the Board has made a final determination that “Cause” does or does not exist (a “Temporary Suspension”). 

		
	3.4
	Change in Control.   Employee’s employment may be terminated by either the Company or Employee in the event of a Change in Control, which shall, for purposes of this Agreement, be defined as set forth in the attached Exhibit A, which is incorporated herein by reference; provided, however, that in the case of termination pursuant to this Section 3.4, the Board shall make a determination either to terminate Employee's employment hereunder or continue such employment within six (6) months after the effective date of the Change in Control and shall give Employee ninety (90) days' notice of any such determination to terminate Employee's employment hereunder, and the failure to make such 

determination within such six-month period will be deemed an election by the Company to continue Employee's employment hereunder. 

		
	3.5
	Termination by Employee for “Good Reason.” Employee may terminate his employment at any time without “Good Reason” by providing the Company thirty (30) days written notice.  Employee may also terminate his employment for “Good Reason” as provided below.  “Good Reason” shall mean any of the following: 

		
	a)
	A material change in Employee's function, authority, duties, title, compensation, responsibilities or principal place of employment, without Employee’s express written consent (other than a reduction in Employee’s function, authority or duties incident to a Temporary Suspension) including a material change in his position as principal officer in charge of operations of the Company;  

		
	b)
	A substantial difference of opinion between Employee and the Board and/or ownership of the Company that develops, or other circumstances should arise such that Employee, in good faith, no longer believes that he can function effectively in his position for the Company as defined in Section 1.1 above; 

		
	c)
	A significant increase in the amount of travel required for Employee to perform his job, without Employee's consent;

		
	d)
	Any material failure by the Company to comply with any of the provisions of this Agreement;

		
	e)
	Upon a Change in Control, as defined herein, or upon any other material change in the financial condition (other than as a result of any events or circumstances that would be deemed “Cause” for termination under the terms hereof) or ownership of the Company; or 

		
	f)
	Any other matter or circumstance requested by the Board if either (i) made with the intent of hindering Employee in the performance of his duties hereunder or creating an incentive for Employee to exercise his rights under Section 3.5 hereof or (ii) the effect of such request could reasonably be expected to hinder Employee in the performance of his duties hereunder or create an incentive for Employee to exercise his rights under Section 3.5 hereof; excluding, in each of clause (i) and (ii) above, any Temporary Suspension or in connection with any action taken by the Board following a finding that “Cause” for termination of the Employee exists. 

With regard to Section 3.5, if Employee determines that Good Reason as defined herein exists, Employee shall so notify the Company in writing.  The Company shall have thirty (30) days to remedy the facts and circumstances that provided Good Reason as defined herein.  If adequate remedy has occurred, Employee shall continue in the employ of the Company as if no notice had been given.  If adequate remedy has not occurred, Employee may, at his option, terminate his employment for Good Reason as defined herein.

		
	3.6
	Payment of Severance Benefits upon Termination. 

		
	a)
	In the event Employee voluntarily terminates his employment at any time during this Agreement without Good Reason as defined herein, Employee shall continue to receive his base annual salary, at the then current rate, and the Insurance Coverage as described in Section 2.3, for a period of two (2) months, upon execution of a Release of Claims in a form substantially similar to that attached hereto as Exhibit B, which is incorporated herein by reference; provided that if the 

Employee exercises any right Employee may have under applicable law to rescind or revoke such Release of Claims or otherwise render such a Release of Claims ineffective, Employee shall reimburse such amounts or the reasonable and documented costs of such benefits to the Company.  After the execution and delivery of the Release of Claims, upon the expiration of any period arising under applicable law during which the Employee shall have the right to rescind or revoke such Release of Claims or otherwise render such a Release of Claims ineffective, provided such Release of Claims remains in effect, all unvested stock options shall immediately vest and all then vested stock options may be exercised for the period specified in the grant.  In the event that Employee voluntarily terminates his employment without Good Reason and does not agree to execute a Release of Claims in a form substantially similar to that attached hereto as Exhibit B, or if such Release of Claims shall thereafter be revoked, rescinded or otherwise rendered ineffective, the Company shall pay to Employee base salary accrued but not paid through the date of termination, and Employee shall forfeit any other salary and benefits, including, to the extent set forth in the Plan, any awards of equity in the Company granted under that Plan.  

		
	b)
	In the event the Company terminates Employee’s employment for Cause as defined herein, the Company shall pay Employee all accrued compensation, if any, through the date of termination.  All salary and benefits (other than vested benefits under any pension, profit sharing or other compensation or benefit plan (including without limitation the Plan), which shall in all cases continue to be governed by the terms and conditions of such respective plans) shall cease at the time of termination. All unvested stock options shall expire and be void without value. 

		
	c)
	In the event Employee terminates his employment for Good Reason as defined herein, or there is a Change in Control as defined herein, or the Company terminates Employee’s employment without Cause as defined herein, or Employee’s employment is terminated due to Death or Disability as defined herein, Employee will be entitled to the severance benefits listed below (collectively "Severance").  Except in the case of termination due to the Death of Employee, the Severance is conditioned upon (i) the Employee executing, within 21 days of his separation, a Release of Claims form substantially similar to that attached hereto as Exhibit B, which is incorporated herein by reference and (ii) such Release of Claims remaining in full force and effect following the expiration of any period arising under applicable law during which the Employee shall have the right to rescind or revoke such Release of Claims or otherwise render such a Release of Claims ineffective. 

		
	i.
	Except in the case of termination by reason of the Employee’s death, continuation of Employee's base annual salary for the Severance Period (as defined below) at the rate in effect at the time of such termination and payable at the time and in the manner such payments would have been made to Employee if such termination had not occurred; 

		
	ii.
	A cash bonus payment equal to two (2) times the Employee’s annual salary; said cash bonus to be payable as soon as practicable following Employee's separation from employment, but no more than three (3) months following such termination; 

		
	iii.
	Continued insurance coverage, as described in Section 2.3 and to include medical and major medical and dental coverage for Employee and his family, at the Company's expense for the Severance Period; provided, however, that Employee will be responsible for any co-payments, deductibles, or other out-of-pocket expenses associated with use of any health coverage; and

		
	iv.
	If the Employee’s resignation is tendered for “Good Reason,” Employee’s unvested stock 

options in the Company shall immediately vest. The Employee may exercise all then vested stock options for a period commencing with the date of termination and expiring on the later of one hundred and eighty (180) days following the end of the Severance Period or the date specified in the original grant, not to exceed the maximum term for such options as may be permitted under the Plan.

		
	d)
	For purposes of this Agreement, the Severance Period shall be twenty-four (24) months if Employee's separation from employment does not occur within twelve (12) months of a Change in Control, but, in the event that Employee's separation from employment does occur within twelve (12) months of a Change in Control, the Severance Period shall be thirty-six (36) months. The full amount of the total salary continuation payments provided for above shall be payable in full within thirty (30) days after the effective date of Employee's severance-qualifying termination to an escrow agent mutually satisfactory to the Company and Employee under irrevocable written instructions to make payments of the Severance to Employee (or in the event of Employee's death, to his estate), at the time and in the manner that such payments would have been made to Employee if such termination had not taken place. 

In the event of a Change in Control, the Company, at its sole expense, shall cause its independent auditors promptly to review all payments, distributions, and benefits that have been made to or provided to, and are to be made to or provided to, Employee under this Agreement, and any other agreement and plan benefitting Employee, to determine the applicability of Section 4999 of the United States Internal Revenue Code of 1986, as amended (the "Code").  If the Company's independent auditors determine that any such payments, distributions, or benefits are subject to excise taxes as provided under Section 4999 of the Code (the "Excise Tax"), then such payment, distributions, or benefits (the "Original Payments") shall be increased by an amount (the "Gross-Up Amount") such that, after the Company withholds all taxes due, including any excise and employment taxes imposed on the Gross-Up Amount, Employee will retain a net amount equal to the Original Payments less income and employment taxes on that amount.  Employee agrees to cooperate with the Company's independent auditors by providing necessary information to perform this analysis/calculation, and the Company agrees that Employee shall be entitled to copies of the calculations. The intent of the parties is that the Company shall be solely responsible for, and shall pay, any Excise Tax on the Original Payments and Gross-Up Amount and any income and employment taxes (including, without limitation, penalties and interest) imposed on the Gross-Up Amount. If no determination by the Company's independent auditors is made prior to the time Employee is required to file a tax return reflecting any portion of the Original Payments, Employee will be entitled to receive a Gross-Up Amount calculated on the basis of the Original Payments Employee reported in such tax return within 30 days of the filing of such tax return. If any tax authority finally determines that a greater Excise Tax should be imposed upon the Original Payments than is determined by the Company's independent auditors or reflected on Employee's tax returns, Employee shall be entitled to receive the full Gross-Up Amount calculated on the basis of such additional amount of Excise Tax determined to be payable by such tax authority (including related penalties and. interest) from the Company within 30 days of such determination as long as Employee has taken all reasonable actions to minimize any such amounts.  If any tax authority finally determines the Excise Tax to be less than the amount taken into account hereunder in calculating the Gross-Up Amount, Employee shall repay to the Company, within 30 days of his receipt of a refund resulting from that determination, the portion of the Gross-Up Amount attributable to such reduction (plus the refunded portion of the Gross-Up Amount attributable to the Excise Tax and federal, state, and local income and employment taxes imposed on the portion of the Gross-Up Amount being repaid, less any additional income tax resulting from such refund). 

SECTION 4: NONCOMPETITION

The parties recognize that in the course of Employee's employment with the Company, Employee has had and will continue to have access to a substantial amount of confidential and proprietary information and trade secrets relating to the business of the Company, and that it would be detrimental to the business of the Company, and have a substantial detrimental effect on the value to the Company of Employee's employment if Employee were to compete with the Company upon termination of his employment.  Employee therefore agrees, in consideration of the Company entering this Agreement and establishing the base annual compensation and other compensation and benefits at the level herein provided for, that during the period of the term of his employment with the Company, whether pursuant to this Agreement or otherwise, and, if and only if Employee's employment is terminated by the Company for Cause, as defined herein, or by Employee without Good Reason, as defined herein, for a period of one (1) year thereafter, he shall not, without the prior written consent of the Company, directly as principal, partner, director, stockholder, officer, advisor  or consultant or through any corporation, partnership, or other entity (including, without limitation, a sole proprietorship), engage or participate in, or assist in any manner or in any capacity, or have any interest in or make any loan to, or otherwise be related with, any person, firm, corporation, association, or other entity engaged in oil and gas exploration or development activities anywhere within fifty (50) miles of any of the Company's oil and gas properties owned or leased on the date of the Employees separation from employment, whether developed or undeveloped) and engaged in any business competing in any material way with the business of the Company or any subsidiary of the Company as such business exists as of the date of termination of employment; provided, however, that the foregoing shall not prevent Employee from owning up to five percent (5%) of the outstanding securities of a publicly held corporation that may compete with the Company. 

The parties believe, in light of the facts known as of the date hereof, and after considering the nature and extent of the Company's business, the amount of compensation and other benefits provided herein, and the damage that could be done to the Company's business by Employee's competing with the Company, that the foregoing covenant not to compete is reasonable in time, scope, and geographical limitation.  However, if any court should construe the time, scope, or geographical limitation of the covenant not to compete to be too broad or extensive, it is the intention of the parties that the contract be automatically reformed, and as so reformed, enforced, to the maximum limits which may be found to be reasonable by such court. 

SECTION 5: CONFIDENTIAL INFORMATION

		
	5.1
	Company Information. Employee agrees at all times during the term hereof and thereafter, to hold in strictest confidence, and not to use or disclose, except for the benefit of the Company or as authorized by the Company, the Confidential Information of Company.  Employee understands that "Confidential Information" means any Company proprietary information, trade secrets and other information not generally known to the public, such as technical and non-technical data, non-public seismic and reserve information, know-how, research, product plans, marketing plans, products, business forecasts, services, customer lists and customers (including, but not limited to, customers of Company on whom Employee may call or with whom Employee becomes more acquainted during the term of this Agreement or has become acquainted with during any prior period in which he performed services for the Company), information regarding employees of the Company, software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, financial or other business information disclosed to Employee by the Company, either directly or indirectly in writing, electronically, orally or by drawings or observation of parts or equipment prior 

to or after the commencement of this Agreement. 

In light of the highly competitive nature of the industry in which Company conducts its business, Employee agrees that all Confidential Information heretofore or in the future obtained by Employee as a result of Employee's association with the Company, shall be considered confidential.  In recognition of this fact, Employee agrees that he will not, except in the performance of his duties under this Agreement or except as otherwise provided herein, during and after the execution of this Agreement (for so long as such information otherwise remains confidential), disclose any of such Confidential Information to any person or entity for any reason or purpose whatsoever, and he will not make use of any Confidential Information for his own purposes or for the benefit of any person or entity (except the Company) under any circumstances not authorized by the Company. The provisions contained in this paragraph shall also apply to information obtained by Employee with respect to any subsidiary of or company otherwise affiliated with Company. 

In the event that Employee is required (by oral questions, interrogatories, requests for information or documents, subpoena, civil investigative demand, any informal or formal investigation by any government or governmental agency or authority or otherwise) to disclose any of the Confidential Information, to the extent not prohibited by applicable law from doing so, Employee will notify Company promptly in writing so that Company may seek a protective order or other appropriate remedy or, in Company's sole discretion, waive compliance with the terms of this Agreement.  Employee agrees not to oppose any action by Company to obtain a protective order or other appropriate remedy.  In the event that no such protective order or other remedy is obtained, or that Company waives compliance with the terms of this Agreement, Employee will furnish only that portion of the Confidential Information which Employee is advised in writing by his own independent counsel that he is legally required to furnish and will exercise his reasonable best efforts, at Company's expense, to obtain reliable assurance that confidential treatment will be accorded to the Confidential Information.  To the extent that Employee retains counsel to assist him in any situation covered by this paragraph 5.1, he shall be entitled to reimbursement by the Company for reasonable fees incurred in obtaining advice and representation. 

		
	5.2
	Third Party Information. Employee recognizes that the Company has received and in the future will receive from third parties their confidential or proprietary information subject to a duty on the Company's part to maintain the confidentiality of such information and to use it only for certain limited purposes. Employee agrees to hold all such confidential or proprietary information in the strictest confidence and not to disclose it to any person, firm or corporation or to use it except as necessary in carrying out Employee work for Company consistent with Company' agreement with such third party.  Employee agrees to comply with Company's policies and procedures, as applicable from time to time with respect to such information.

SECTION 6: MISCELLANEOUS PROVISIONS

		
	6.1
	Outplacement Service. In the event of termination of Employee's employment by the Company without Cause, the Company shall, upon the request of Employee (i) pay for outplacement service for Employee for a period of twelve (12) months, such payment to be made to an agency selected by Employee, provided that such fees shall be reasonable and customary  for nationally rated firms engaged in providing such services for executives of similar level, qualifications, and experience, and (ii) provide to Employee, for a reasonable time following termination of employment, not to exceed twelve (12) months, office space and secretarial support to assist Employee in searching for and obtaining a new position, such office space to be provided in a location reasonably determined by the Company.

 

		
	6.2
	Indemnity. The Company shall indemnify Employee and hold him harmless for all acts or decisions made by him in good faith while performing services for the Company to the full extent permitted by applicable law.

 
		
	6.3
	Non-Disparagement. Except as compelled to do so by law, the Company and its past and present affiliated companies and their officers, directors, and employees shall refrain from making any remark or taking any action which disparages, defames, or places Employee in a negative light, and Employee shall refrain from making any remark or taking any action which disparages, defames, or places the Company or any of its parent, subsidiary, or affiliated companies or their past or present officers, directors, or employees in a negative light.

		
	6.4
	Employee Benefits. This Agreement shall not be construed to be in lieu or to the exclusion of any other rights, benefits, and privileges to which Employee may be entitled as an employee of the Company under any retirement, pension, profit-sharing, insurance, hospital, or other plans or benefits that may now be in effect or that may hereafter be adopted. 

		
	6.5
	Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Tennessee, and jurisdiction shall lie in the courts of competent jurisdiction in Knox County. 

		
	6.6
	Entire Agreement. This Agreement, together with the Plan, constitutes the entire understanding of the Company and Employee with respect to its subject matter, supersedes any prior agreement or arrangement relative to Employee's employment by the Company, and no modification, supplement, or amendment of any provision hereof shall be valid unless made in writing and signed by the parties. 

		
	6.7
	Successors and Assigns; Permitted Assignment. This Agreement shall inure to the benefit of and be binding upon the Company and Employee and their respective successors, executors, administrators, heirs and/or permitted assigns; provided, however, that neither Employee nor the Company may make any assignment of this Agreement or any interest therein, by operation of law or otherwise, without the prior written consent of the other party hereto, except that, without such consent, the Company may assign this Agreement to any successor to all or substantially all of its assets and business by means of dissolution, merger, consolidation, transfer of assets, or otherwise, provided that such successor assumes in writing all of the obligations of the Company under this Agreement, subject, however, to Employee's right of termination as provided in Section 3.5 hereof. 

		
	6.8
	Captions. The captions set forth in this Agreement are for convenience only and shall not be considered as part of this Agreement or as in any way limiting or amplifying the terms and conditions hereof. 

		
	6.9
	No Conflicting Obligations. Employee represents and warrants to the Company that he is not under, or bound to be under in the future, any obligation to any person, firm, or corporation that is or would be inconsistent or in conflict with this Agreement or would prevent, limit, or impair in any way the performance by him of his obligations hereunder. 

		
	6.10
	Waivers. The failure of any party to require the performance or satisfaction of any term or obligation of this Agreement, or the waiver by any party of any breach of this Agreement, shall not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach. 

		
	6.11
	Notices. Any notice given hereunder shall be in writing and delivered or mailed by registered or certified mail, return receipt requested: 

 if to the Company:     Miller Energy Resources, Inc.

1001 Louisiana Street, Ste. 3100 
Houston, TX 77002 
Attn: Chief Executive Officer
        
with a copy to:        Miller Energy Resources, Inc.
9721 Cogdill Road, Ste. 302,
Knoxville, TN 37932
Attn: General Counsel

if to the Employee:     Mr. David M. Hall, to such address as the Company may have on file for Employee from time to time

		
	6.13
	Severability. In the event that any court having jurisdiction shall determine that any restrictive covenant or other provision contained in this Agreement shall be unreasonable or unenforceable in any respect, then such covenant or other provision shall be deemed limited to the extent that such other court deems it reasonable or enforceable, and as so limited shall remain in full force and effect.  In the event that such court shall deem any such covenant or other provision wholly unenforceable, the remaining covenants and other provisions of this Agreement shall nevertheless remain in full force and effect.

 
		
	6.14
	Counterparts. More than one counterpart of this Agreement may be executed by the parties hereto, and each fully executed counterpart shall be deemed an original. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed under seal and delivered as of the date first above written. 

MILLER ENERGY RESOURCES, INC. 

By: /s/ Carl F. Giesler. Jr.            
      Carl F. Giesler, Jr., Chief Executive Officer

EMPLOYEE:
            

/s/ David M. Hall                
David M. Hall

Exhibit A
Definition of Change in Control

The occurrence of any of the following events shall constitute a Change in Control for the  
purposes of this Agreement: 

(a) any "person"(as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act")) other than Miller Energy Resources, Inc., any trustee or other fiduciary holding securities under any employee benefit plan of Miller Energy Resources, Inc., or any company owned, directly or indirectly, by the stockholders of Miller Energy Resources, Inc. in substantially the same proportions as their ownership of Miller Energy Resources, Inc. is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of Miller Energy Resources, Inc. representing thirty percent (30%) or more of the combined voting power of Miller Energy Resources, Inc.'s then-outstanding securities; 

(b) during any period of two (2) consecutive years (not including any period prior to the effective date of this Agreement), individuals who, at the beginning of such period, constitute the Board, and any new director (other than a director designated by a person who has entered into an agreement with Miller Energy Resources, Inc. to effect a transaction described in clause (a),(c), or (d) of this Exhibit A) whose election by the Board or nomination for election by Miller Energy Resources, Inc.'s stockholders was approved by a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of the two-year period or whose election or nomination for election was previously so approved, cease for any reason to constitute at least a majority of the Board; 

(c) the consummation of a merger or consolidation of Miller Energy Resources, Inc. with any other corporation, other than a merger or consolidation which would result in the voting securities of Miller Energy Resources, Inc. outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than fifty percent (50%) of the combined voting power of the voting securities of Miller Energy Resources, Inc. or such surviving entity outstanding immediately after such merger or consolidation; provided, however, that a merger or consolidation effected to implement a recapitalization of Miller Energy Resources, Inc. (or similar transaction) in which no person acquires less than thirty percent (30%) of the combined voting power of Miller Energy Resources, Inc.'s then-outstanding securities shall not constitute a Change in Control of Miller Energy Resources, Inc.; or 

(d) the stockholders of Miller Energy Resources, Inc. approve a plan of complete liquidation of Miller Energy Resources, Inc. or an agreement for the sale or disposition by Miller Energy Resources, Inc. of all or substantially all of Miller Energy Resources, Inc.'s assets.

Exhibit B

I acknowledge that I have been given twenty-one (21) days to decide whether to execute this Release of Claims ("Release") and that I have been advised to consult an attorney before executing this Release.  I acknowledge that I have seven (7) days from the date I executed this Release to revoke my signature.  I understand that if I choose to revoke this Release, I must deliver my written revocation to Miller Energy Resources, Inc. before the end of the seven-day period. 

I, for myself, my heirs, successors, and assigns, do hereby settle, waive, and release Miller Energy Resources, Inc. (the "Company") and any of its past and present officers, owners, stockholders, partners, directors, agents, employees, successors, predecessors, assigns, representatives, attorneys, divisions, subsidiaries, or affiliates from any and all claims, charges, complaints, rights, demands, actions, and causes of actions of any kind or character, in contract, tort, or otherwise, based on actions or omissions occurring in the past and/or present, and regardless of whether known or unknown to me at this time, including those not specifically mentioned in this Release.  Among the rights, claims, and causes of action which I give up under this Release are those arising in connection with my employment and the termination of that employment, including, without limitation, rights or claims under federal, state, and local fair employment practice or discrimination laws (including the various Civil Rights Acts, the Age Discrimination in Employment Act, the Equal Pay Act, and the Tennessee Human Rights Act or any analogous statute of any other State or of the United States federal government, to the extent applicable), laws pertaining to breach of employment contract, wrongful termination or other wrongful treatment, and any other laws or rights relating to my employment with the Company and the termination of that employment.  I acknowledge that I am aware of my rights under the Age Discrimination in Employment Act, and that I am knowingly and voluntarily waiving and releasing any claim of age discrimination which I may have under that statute as part of this Release.  This agreement does not waive or release any rights, claims, or causes of action that may arise from acts or omissions occurring after the date I execute this Release, nor does this agreement waive or release any rights, claims or causes of action relating to (a) indemnification from the Company and its affiliates with respect to my activities on behalf of the Company and its affiliates prior to my termination of employment, (b) compensation or benefits to which I am entitled under any compensation or benefits plan of the Company or its affiliates, (c) amounts to which I am entitled pursuant to the agreement to which a form of this Release of Claims was attached as Exhibit B, (d) my right to file a charge with, or participate in any investigation conducted by, any federal, state, or local agency charged with enforcing laws prohibiting employment discrimination, (e) my right to challenge the voluntary and knowing nature of this release in court or before any federal, state, or local agency charged with enforcing employment laws, or (f) any right, claim, or cause of action arising after the effective date of this Release.

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