Document:

Kevan Casey Employment Agreement

    EXHIBIT
      10.10

    

    EMPLOYMENT
      AGREEMENT

    

    This
      Employment Agreement (the “Employment Agreement” or “Agreement”), dated this 1st
      day of January 2006, is by and between Unicorp, Inc., a Nevada corporation,
      Houston, Texas (the “Company”), and Kevan Casey (the “Executive”) an
      individual.

    

    WHEREAS,
      the Executive is willing to enter into an agreement with the Company upon the
      terms and conditions herein set forth.

    

    NOW,
      THEREFORE, in consideration of the premises and covenants herein contained,
      the
      parties hereto agree as follows:

    

    1. Term
      of Agreement; Termination of Prior Agreement.
      Subject
      to the terms and conditions hereof, the term of employment of the Executive
      under this Employment Agreement shall be for the period commencing on January
      1,
      2006 (the “Commencement Date”) and terminating on December 31, 2007, unless
      sooner terminated as provided in accordance with the provisions of Section
      5
      hereof. (Such term of this agreement is herein sometimes called the “Retained
      Term”). 

    

    2. Employment.
      As of
      the Commencement Date, the Company hereby agrees to employ the Executive as
      Chief Executive Officer
      (“CEO”)
      of the Company with such duties as assigned from time to time by the
      Company,
      and the
      Executive hereby accepts such employment and agrees to perform his duties and
      responsibilities hereunder in accordance with the terms and conditions
      hereinafter set forth.

    

    3. Duties
      and Responsibilities.

    

    (a) Duties.
      Executive shall perform such duties as are usually performed by a
      CEO
      with
      such duties as assigned from time to time by the Company
      of a
      business similar in size and scope as the Company and such other reasonable
      additional duties as may be prescribed from time-to-time by the Company’s board
      of directors which are reasonable and consistent with the Company’s operations,
      taking into account Executive’s expertise and job responsibilities. This
      agreement shall survive any job title or responsibility change. All actions
      of
      Executive shall be subject and subordinate to the review and approval of the
      board of directors. The board of directors shall be the final and exclusive
      arbiter of all policy decisions relative to the Company’s business.

    

    (b) Devotion
      of Time.
      During
      the term of this agreement, Executive agrees to devote the necessary time to
      the
      business and affairs of the Company to the extent necessary to discharge the
      responsibilities assigned to Executive and to use reasonable best efforts to
      perform faithfully and efficiently such responsibilities. During the term of
      this Agreement it shall not be a violation of this Agreement for Executive
      to
      manage personal investments or companies in which personal investments are
      made.

    

    4. Compensation
      and Benefits During the Employment Term.

    

    
      	
              (a)

            	
              Salary.
                Executive
                will be compensated by the Company at a monthly base salary of $8,000.00,
                from which shall be deducted income tax withholdings, social security,
                and
                other customary Executive deductions in conformity with the Company’s
                payroll policy in effect.

            

    

    

    
      	
              (b)

            	
              Bonus.
                Executive
                shall receive a bonus of $6,500 for every successful (not a dry hole)
                oil
                or gas well that is drilled and completed. Such bonus to be paid
                out
                thirty (30) days after each well is complete. In addition, the Executive
                shall also receive a quarterly retention bonus of $7,000 to be paid
                on the
                1st
                of
                each quarter, (January 1, April
                1, July 1 and October 1).

            

    

    

    
      	(c)  	
              Other
                Allowances.
                The Executive shall be entitled to a $750 monthly car allowance,
                a $750
                monthly health plan allowance and a $750 monthly home office
                allowance.

            

    

    

    
      	(d)  	
              Option.
                The Executive shall receive a non-qualified stock option to purchase
                240,000 shares of Company common stock at an exercise price of $0.60
                per
                share all of which shall be vested upon execution of this Agreement.
                The
                option shall be evidenced by an option agreement (attached hereto
                as
                Attachment “A”), shall expire in five years, and shall be subject to the
                terms of the Company’s 2004 Stock Option Plan and such option
                agreement.

            

    

    

    5.
       Termination
      Status.
      Subject
      to the notice and other provisions of this Section 5, the Executive shall have
      the right to terminate the agreement, at any time and for no stated reason.
      The
      Company may terminate this Agreement only upon the following
      events:

    

    (a)
      Disability.
      The
      Company shall have the right to terminate the Employment Agreement in the event
      the Executive suffers an injury, illness or incapacity for a period of more
      than
      six (6) months provided that during such six-month period the Company shall
      have
      given at least thirty (30) days written notice of termination.

    

    (b)
      Death.
      This
      Agreement shall terminate upon the death of Kevan Casey.

    

    (c)
      With
      Cause.
      The
      Company may terminate this Employment Agreement at any time because of:

    

    (i)
      Executive’s material breach of any term of this Agreement, which is not cured
      after twenty (20) days written notice from the board of directors,
      or

    

    (ii)
      Conviction by the Executive of a felony or an act of fraud against the
      Company.

    

    If
      the
      Company terminates the Employment Agreement for any reason other than as set
      forth in items 5(a), (b), or (c), then Executive is entitled to receive
      ninety-six thousand dollars ($96,000.00) payable in twelve (12) monthly
      installments and any bonuses or expenses earned or accrued and not yet paid
      as
      of the final effective termination date. In the event the Employment Agreement
      with the Company is terminated pursuant to items 5(a), (b) or (c), the Executive
      shall be entitled to receive all compensation earned by the Executive up to
      the
      date of termination, all unreimbursed expenses, and any bonus earned in respect
      of a prior period and not yet paid.

    

    6.
       Revealing
      of Trade Secrets, etc.
      Executive acknowledges the interest of the Company in maintaining the
      confidentiality of information related to its business and shall not at any
      time
      during the Employment Term or thereafter, directly or indirectly, reveal or
      cause to be revealed to any person or entity the supplier lists, customer lists
      or other confidential business information of the Company; provided, however,
      that the parties acknowledge that it is not the intention of this paragraph
      to
      include within its subject matter (a) information not proprietary to the
      Company, (b) information which is then in the public domain through no fault
      of
      Executive, or (c) information required to be disclosed by law.

    

    7. Arbitration.
      If a
      dispute should arise regarding this Agreement, all claims, disputes,
      controversies, differences or other matters in question arising out of this
      relationship shall be settled finally, completely and conclusively by
      arbitration of a single arbitrator, which is mutually agreed upon, in Houston,
      Texas, in accordance with the Commercial Arbitration Rules of the American
      Arbitration Association (the "Rules"). Arbitration shall be initiated by written
      demand. This Agreement to arbitrate shall be specifically enforceable only
      in
      the District Court of Harris County, Texas. A decision of the arbitrator shall
      be final, conclusive and binding on the Company and the Executive, and judgment
      may be entered in the District Court of Harris County, Texas, for enforcement
      and other benefits. On appointment, the arbitrator shall then proceed to decide
      the arbitration subjects in accordance with the Rules. Any arbitration held
      in
      accordance with this paragraph shall be private and confidential. The matters
      submitted for arbitration, the hearings and proceedings and the arbitration
      award shall be kept and maintained in strictest confidence by Executive and
      the
      Company and shall not be discussed, disclosed or communicated to any persons.
      On
      request of any party, the record of the proceeding shall be sealed and may
      not
      be disclosed except insofar, and only insofar, as may be necessary to enforce
      the award of the arbitrator and any judgment enforcing an award. The prevailing
      party shall be entitled to recover reasonable and necessary attorneys' fees
      and
      costs from the non-prevailing party.

    

    
      
         

      

      
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    8. Survival.
      In the
      event that this Agreement shall be terminated, then notwithstanding such
      termination, the obligations of Executive pursuant to Section 6 of this
      Agreement shall survive such termination. 

    

    9. Contents
      of Agreement, Parties in Interest, Assignment, etc.
      This
      Agreement sets forth the entire understanding of the parties hereto with respect
      to the subject matter hereof. All of the terms and provisions of this Agreement
      shall be binding upon and inure to the benefit of and be enforceable by the
      respective heirs, representatives, successors and assigns of the parties hereto,
      except that the duties and responsibilities of Executive hereunder which are
      of
      a personal nature shall neither be assigned nor transferred in whole or in
      part
      by Executive. This Agreement shall not be amended except by a written instrument
      duly executed by the parties. 

    

    10. Severability;
      Construction.
      If any
      term or provision of this Agreement shall be held to be invalid or unenforceable
      for any reason, such term or provision shall be ineffective to the extent of
      such invalidity or unenforceability without invalidating the remaining terms
      and
      provisions hereof, and this Agreement shall be construed as if such invalid
      or
      unenforceable term or provision had not been contained herein. The parties
      have
      participated jointly in the negotiation and drafting of this Agreement. In
      the
      event an ambiguity or question of intent or interpretation arises, this
      Agreement shall be construed as if drafted jointly by the parties and no
      presumption or burden of proof shall arise favoring or disfavoring any party
      by
      virtue of the authorship of any of the provisions of this
      Agreement.

     

    11. Notices.
      Any
      notice, request, instruction or other document to be given hereunder by any
      party to the other party shall be in writing and shall be deemed to have been
      duly given when delivered personally; or five (5) days after dispatch by
      registered or certified mail, postage prepaid, return receipt requested; or
      one
      (1) day after dispatch by overnight courier service; in each case, to the party
      to whom the same is so given or made:

    

    If
      to the Company addressed to:

     

    Unicorp,
      Inc.

    1117
      Herkimer St. Suite 110

    Houston,
      Texas 77008

    Attn:
      Chief Executive Officer

    

    If
      to Executive addressed to:

    

    Kevan
      Casey

    3311
      Banbury Place

    Houston,
      Texas 77027

    

    or
      to
      such other address as the one party shall specify to the other party in
      writing.

    

    12. Counterparts
      and Headings.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original and all which together shall constitute one and the same
      instrument. All headings are inserted for convenience of reference only and
      shall not affect the meaning or interpretation of this Agreement.

    

    13. Governing
      Law; Venue.
      This
      Agreement shall be construed and enforced in accordance with, the laws of the
      State of Texas, without regard to the conflict of laws provisions thereof.
      Venue
      of any dispute concerning this Agreement shall be exclusively in Harris County,
      Texas.

    

    14. Waiver. 
      The
      failure of either party to enforce any provision of this Agreement shall not
      be
      construed as a waiver or limitation of that party’s right to subsequently
      enforce and compel strict compliance with every provision of this
      Agreement.

    

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

    

    

    KEVAN
      CASEY    UNICORP,
      INC.

    

    

    

    __/s/
      Kevan Casey__________________ _/s/
      Carl A. Chase______________________

        
                Carl
      A. Chase, Chief Financial Officer

    
      
         

        

        
        

      

      
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    ATTACHEMENT
      “A”

    

    UNICORP,
      INC.

    NON-QUALIFIED
      STOCK OPTION AGREEMENT

    

    

    

    THIS
      AGREEMENT made effective as of January 1, 2006, between UNICORP, INC. a Nevada
      corporation (the “Company”),
      and
      Kevan Casey (the “Option
      Holder”)
      relating to an option to purchase shares of the Company's common stock, par
      value $.001 per share ("Common
      Stock").

    

    1. Grant
      of Option.
      Subject
      to the terms and conditions of this Agreement and the Company's 2004 Stock
      Option Plan (the "Plan"),
      the
      Company hereby grants to the Option Holder effective as of January 1, 2006,
      the
"Grant
      Date")
      an
      option (the “Option”)
      to
      purchase 240,000 shares of Common Stock. The Option shall be exercisable, in
      whole or in part, during the Option Period (as hereinafter defined), vests
      immediately and are exercisable at a price of $0.60 per share (the “Option
      Price”).
      This
      Agreement and the purchase of the shares of Common Stock hereunder is not
      intended and should not be interpreted to qualify as an Incentive Stock Option
      as that term is used in Section 422 of the Internal Revenue Code of 1986, as
      it
      may be amended from time to time (the "Internal
      Revenue Code").

    

    2. Method
      for Exercising the Option.
      The
      Option may be exercised in whole or in part only by delivery in person or
      through certified or registered mail to the Company at its principal office
      in
      Houston, Texas (attention: Corporate Secretary) of written notice (attached
      hereto as Exhibit A) specifying the Option that is being exercised and the
      number of shares of Common Stock with respect to which the Option is being
      exercised. The notice must be accompanied by payment of the total Option
      Price.

     

    The
      total
      Option Price for the Common Stock to be acquired pursuant to the Option shall
      be
      paid in full by any of the following methods or any combination of the following
      methods:

    

    
      	(a)  	
              In
                cash or by certified or cashier's check payable to the order of Unicorp,
                Inc.;

            

    

    

    (b) The
      delivery to the Company of certificates representing the number of shares of
      Common Stock then owned by the Option Holder, the Designated Value (defined
      below) of which equals the Option Price of the Common Stock purchased pursuant
      to the Option, properly endorsed for transfer to the Company; provided however,
      that no Option may be exercised by delivery to the Company of certificates
      representing Common Stock, unless such Common Stock has been held by the Option
      Holder for more than six months. (For purposes of this Agreement, the Designated
      Value of any shares of Common Stock delivered in payment of the Option Price
      upon exercise of the Option shall be the Designated Value as of the exercise
      date and the exercise date shall be the day of delivery of the certificates
      for
      the Common Stock used as payment of the Option Price);

    

    (c) By
      delivery to the Company of a properly executed notice of exercise together
      with
      irrevocable instructions to a broker to deliver promptly to the Company, in
      payment of the Option Price, the amount of the cash proceeds of the sale of
      shares of Common Stock or a loan from the broker to the Option Holder
      sufficient, in each case, to pay the Option Price, and in a form satisfactory
      to
      the Corporate Secretary; or

    

    (d) By
      delivery to the Company of sufficient Options, properly endorsed for transfer
      to
      the Company, having a value sufficient to pay the Option Price with respect
      to
      the other Options that are to be exercised under this Agreement. The value
      of
      each Option to be surrendered in payment of the Option Price shall be determined
      by subtracting the Option Price from the Designated Value as of the date of
      receipt of notice of the exercise of the Options by the Corporate Secretary
      of
      the Company.

    

    Upon
      such
      notice to the Corporate Secretary and payment of the total Option Price, the
      exercise of the Option shall be deemed to be effective, and a properly executed
      certificate or certificates representing the Common Stock so purchased shall
      be
      issued by the Company and delivered to the Option Holder.

    

    For
      purposes of this Agreement, the designated value (“Designated
      Value”)
      of the
      shares of Common Stock on a given date shall mean: (i) if the Common Stock
      is
      listed or admitted for trading on any national securities exchange or the
      National Market System of the National Association of Securities Dealers, Inc.
      Automated Quotation System, the last sale price, or if no sale occurred, the
      mean between the closing high bid and low asked quotations for such date of
      the
      Common Stock on the principal securities exchange on which shares of the Common
      Stock are listed, (ii) if the Common Stock is not traded on any national
      securities exchange but is quoted on the National Association of Securities
      Dealers, Inc. Automated Operations System, or any similar system of automated
      dissemination of quotations or securities prices in common use, the mean between
      the closing high bid and low asked quotations for such day of the Common Stock
      on such system, (iii) if neither clause (i) nor (ii) is applicable, the mean
      between the high bid and low asked quotations for the Common Stock as reported
      by the National Quotation Bureau Incorporated if at least two securities dealers
      have inserted both bid and asked quotations for shares of the Common Stock
      on at
      least five (5) of the ten (10) preceding days or (iv) if none of the conditions
      set forth above is met, the fair market value of shares of Common Stock as
      determined by the Board of Directors. Provided, for purposes of determining
      "fair market value" of the Common Stock of the Company, such value shall be
      determined without regard to any restriction other than a restriction which
      will
      never lapse. In no event shall the fair market value of the Common Stock be
      less
      than its par value.

     

    3. Adjustment
      of the Option.

    

    (a) Adjustment
      by Stock Split, Stock Dividend, etc.
      If at
      any time the Company increases or decreases the number of its outstanding shares
      of Common Stock, or changes in any way the rights and privileges of its Common
      Stock, by means of the payment of a stock dividend or the making of any other
      distribution of such shares payable in Common Stock, or through a stock split
      or
      subdivision of shares of Common Stock, or a consolidation or combination of
      shares of Common Stock, or through a reclassification or recapitalization
      involving the Common Stock, the numbers, rights and privileges of the shares
      of
      Common Stock included in the Option shall be increased, decreased or changed
      in
      like manner as if such shares of Common Stock had been issued and outstanding,
      fully paid and non-assessable at the time of such occurrence.

    

    (b) Dividends
      Payable in Stock of Another Corporation, etc.
      If at
      any time the Company pays or makes any dividend or other distribution upon
      its
      Common Stock payable in securities or other property (except cash or Common
      Stock), a proportionate part of such securities or other property shall be
      set
      aside and delivered to the Option Holder upon issuance of the Common Stock
      purchased at the time of the exercise of the Option. The securities and other
      property delivered to the Option Holder upon exercise of the Option shall be
      in
      the same ratio to the total securities and property set aside for the Option
      Holder as the number of shares of Common Stock with respect to which the Option
      is then exercised is to the total shares of Common Stock subject to the Option.
      Prior to the time that any such securities or other property are delivered
      to
      the Option Holder in accordance with the foregoing, the Company shall be the
      owner of such securities or other property and Option Holder shall not have
      the
      right to vote the securities, receive any dividends payable on such securities,
      or in any other respect be treated as the owner. If securities or other property
      which have been set aside by the Company in accordance with this Section 3
      are not delivered to the Option Holder because the Option is not exercised,
      then
      such securities or other property shall remain the property of the Company
      and
      shall be dealt with by the Company as it shall determine in its sole
      discretion.

    

    (c) Other
      Changes in Stock.
      In the
      event there shall be any change, other than as specified in the preceding
      subsections (a) and (b) of this Section 3, in the number or kind of outstanding
      shares of Common Stock or of any stock or other securities into which the Common
      Stock shall be changed or for which it shall have been exchanged, then and
      if
      the Board of Directors of the Company shall in its discretion determine that
      such change equitably requires an adjustment in the number or kind of shares
      subject to the Option, such adjustments shall be made by the Board of Directors
      and shall be effective for all purposes as of this Agreement.

    

    (d) Apportionment
      of Option Price.
      Upon
      any occurrence described in the preceding subsections (a), (b) and (c) of this
      Section 3, the aggregate Option Price for the shares of Common Stock then
      subject to the Option shall remain unchanged and shall be apportioned ratably
      over the increased or decreased number or changed kinds of securities or other
      properties subject to the Option.

    

    
      
         

      

      
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    4. Change
      of Control; Termination without Cause; Corporate Transactions.
      

    
      	 	 

    

    
      	(a)  	
              In
                the event of a Change of Control (as defined in the Plan), all outstanding
                Options, whether exercisable or not, shall immediately become exercisable
                in accordance with Article 4.5 of the
                Plan.

            

    

    

    
      	(b)  	
              In
                the event the Option Holder’s employment, position as a director or
                consulting agreement with the Company terminates for reasons other
                than
                (i) Option Holder voluntarily ceasing his employment, position as
                a
                director or consulting agreement with the Company; or, (ii) Option
                Holder’s employment, position as a director or consulting agreement with
                the Company being terminated for Cause; then, in any such event,
                all
                outstanding Options, whether exercisable or not, shall immediately
                vest
                and become exercisable. The term “Cause” is defined as the conviction of,
                or the entering of a guilty plea, or no contest plea by Option Holder
                for
                any felony, by a court of competent jurisdiction; or, the failure
                or
                refusal by Option Holder to competently perform his employment, director
                or consulting duties, or conform to policies reasonably established
                by
                Company.

            

    

    

    
      	(c)  	
              If
                the Company recapitalizes or otherwise changes its capital structure,
                or
                merges, consolidates, sells all of its assets or dissolves and such
                transaction is not a Change of Control, then thereafter upon any
                exercise
                of the Option hereunder, the Optionee shall be entitled to purchase
                under
                the Option, in lieu of the number of shares of Common Stock covered
                by
                this Option then exercisable, the number and class of shares of stock
                and
                securities to which the Optionee would have been entitled pursuant
                to the
                terms of the agreement of merger, consolidation, sale of assets or
                dissolution, if, immediately prior to such agreement of merger,
                consolidation, sale of assets or dissolution, the Optionee had been
                the
                holder of record of the number of shares of Common Stock as to which
                the
                Option is then exercisable.

            

    

    

    5. Expiration
      and Termination of the Option.
      The
      Option shall expire at 5:00 p.m. Houston, Texas, time on December 31, 2010,
      (the
      period from the date of this Agreement to the expiration date is defined as
      the
      option period (“Option
      Period”).
      In the
      event of the death of the Option Holder during the Option Period, the Option
      shall be exercisable by the Option Holder's estate or by the person who acquired
      the right to exercise the Option by bequest or inheritance during the Option
      Period and for a period of up to six months following the death of the Option
      Holder, if later. 

    

    6. Transferability.
      The
      Option may not be transferred except by will or pursuant to the laws of descent
      and distribution, and it shall be exercisable during the Option Holder's life
      only by him, or in the event of his disability or incapacity, by his personal
      representative, and after his death, only by his estate or by the person who
      acquired the right to exercise the Option by bequest or
      inheritance.

    

    7. Compliance
      with Securities Laws.
      Upon
      the acquisition of any shares pursuant to the exercise of the Option herein
      granted, Option holder or any person acting under Section 5 will enter into
      such
      written representations, warranties and agreements as the Company may reasonably
      request in order to comply with applicable securities laws or with this
      Agreement.

    

    8. Legends
      on Certificates.
      The
      Certificates representing the shares of Common Stock purchased by exercise
      of an
      Option will be stamped or otherwise imprinted with legends in such form as
      the
      Company or its counsel may require with respect to any applicable restrictions
      on sale or transfer and the stock transfer records of the Company will reflect
      stock-transfer instructions with respect to such shares.

    

    9. Withholding.

    

    (a) Arrangement
      for Withholding.
      The
      Option Holder hereby agrees to make appropriate arrangements with the Company
      to
      provide for the amount of tax withholding, if any, under applicable federal
      and
      state income tax laws resulting from the exercise of the Option. If such
      arrangements are not made, the Company may refuse to issue any Common Stock
      to
      the Option Holder.

    

    (b) Withholding
      Election.
      The
      Option Holder may elect to pay all such amounts of tax withholding, or any
      part
      thereof, by electing to transfer to the Company, or to have the Company withhold
      from shares otherwise issuable to the Option Holder, shares of Common Stock
      having a value equal to the amount required to be withheld or such lesser amount
      as may be elected by the Option Holder. All elections shall be subject to the
      approval or disapproval of the Board of Directors. The value of shares of Common
      Stock to be withheld shall be based on the Designated Value of the Common Stock
      on the date that the amount of tax to be withheld is to be determined (the
      “Tax
      Date”).
      Any
      such election by the Option Holder to have shares of Common Stock withheld
      for
      this purpose will be subject to the following restrictions:

    

    (i) All
      elections must be made prior to the Tax Date.

    

    (ii) All
      elections shall be irrevocable. 

    

    (iii) If
      the
      Option Holder is an officer or director of the Company within the meaning of
      Section 16 of the Securities Exchange Act of 1934, as amended, (“Section
      16”),
      the
      Option Holder must satisfy the requirements of such Section 16 and any
      applicable rules thereunder with respect to the use of Common Stock as
      consideration to satisfy such tax withholding obligation.

    10. Miscellaneous.

    

    (a) Notices.
      Any
      notice required or permitted to be given under this Agreement shall be in
      writing and shall be given by first class registered or certified mail, postage
      prepaid or by personal delivery to the appropriate party,
      addressed:

    

    (i) If
      to the
      Company, to the Company at its principal place of business (as of the date
      hereof, 1117 Herkimer Street, Suite 110, Houston, Texas 77008, telephone (713)
      802-2944) (Attention: Corporate Secretary) or at such other address as may
      have
      been furnished to the Option Holder in writing by the Company; or

    

    (ii) If
      to the
      Option Holder, to the Option Holder at his address on file with the Company
      or
      at such other address as may have been furnished to the Company by the Option
      Holder.

    

    Any
      such
      notice shall be deemed to have been given as of the fourth day after deposit
      in
      the United States Postal Service, postage prepaid, properly addressed as set
      forth above, in the case of mailed notice, or as of the date delivered in the
      case of personal delivery.

    

    (b) Amendment.
      The
      Board of Directors may make any adjustment in the Option Price, the number
      of
      shares of Common Stock subject to, or the terms of the Option by amendment
      or by
      substitution of an outstanding Option. Such amendment or substitution may result
      in terms and conditions (including Option Price, the number of shares of Common
      Stock covered, Vesting Schedule or Option Period) that differ from the terms
      and
      conditions of this Option. The Board of Directors may not, however, adversely
      affect the rights of the Option Holder without the consent of the Option Holder.
      If such action is effective by amendment, the effective date of such amendment
      will be the date of the original grant of this Option. Except as provided
      herein, this Agreement may not be amended or otherwise modified unless evidenced
      in writing and signed by the Company and the Option Holder.

    

    (c) Severability.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this Agreement,
      and each other provision of this Agreement shall be several and enforceable
      to
      the extent permitted by law.

    

    (d)  Waiver.
      Any
      provision contained in this Agreement may be waived, either generally or in
      any
      particular instance, by the Company.

    

    (e) Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the Company and
      the
      Option Holder and their respective heirs, executors, administrators, legal
      representatives, successors and assigns.

    

    (f) Rights
      to Employment.
      Nothing
      contained in this Agreement shall be construed as giving the Option Holder
      any
      right to be retained in the employ of the Company and this Agreement is limited
      solely to governing the rights and obligations of the Option Holder with respect
      to the Common Stock and the Option.

    

    (g)  Gender
      and Number.
      Except
      when otherwise indicated by the context, the masculine gender shall also include
      the feminine gender, and the definition of any term herein in the singular
      shall
      also include the plural.

    

    (h) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Texas without giving effect to the conflicts of law provisions
      thereof.

    

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

    

    UNICORP,
      INC.

    

    

    
      	 	
              By:

            	 	 

    

    Carl
      A.
      Chase, Chief Financial Officer

    

    

    OPTION
      HOLDER

    

    

    Kevan
      Casey

    
      
         

        

        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    SUBSCRIPTION
      FORM

    

    [To
      be
      executed only upon exercise of Stock Options]

    

    

    The
      undersigned registered owner of this Stock Option irrevocably exercises the
      Stock Option for the purchase of _______________ shares of Common Stock of
      Unicorp, Inc. (the “Company”) and herewith makes payment therefor in cash or by
      check or bank draft made payable to the Company, all at the price and on the
      terms and conditions specified in this Stock Option Agreement and requests
      that
      certificates for the shares of Common Stock hereby purchased (and any securities
      or other property issuable upon such exercise) be issued in the name of and
      delivered to __________________ whose address is ___________________________
      and, if such shares of Common Stock shall not include all of the shares of
      Common Stock issuable as provided in this Stock Option, that a new Stock Option
      of like tenor and date for the balance of the shares of Common Stock issuable
      hereunder be delivered to the undersigned.

    

    

    

    _______________________________________

    (Name
      of
      Registered Owner)

    

    

    _______________________________________

    (Signature
      of Registered Owner)

    

    

    _______________________________________

    (Street
      Address)

    

    

    _______________________________________

    (City)   (State)  (Zip
      Code)

    

    

    ______________________________________

    (Social
      Security Number)

    

    

    NOTICE: The
      signature on this subscription must correspond with the name as written upon
      the
      face of the within Stock Option Agreement in every particular, without
      alteration or enlargement or any change whatsoever.Carl A. Chase Emloyment Agreement

    EXHIBIT
      10.11

    

    EMPLOYMENT
      AGREEMENT

    

    This
      Employment Agreement (the “Employment Agreement” or “Agreement”), dated this 1st
      day of January 2006, is by and between Unicorp, Inc., a Nevada corporation,
      Houston, Texas (the “Company”), and Carl A. Chase (the “Executive”) an
      individual.

    

    WHEREAS,
      the Executive is willing to enter into an agreement with the Company upon the
      terms and conditions herein set forth.

    

    NOW,
      THEREFORE, in consideration of the premises and covenants herein contained,
      the
      parties hereto agree as follows:

    

    1. Term
      of Agreement; Termination of Prior Agreement.
      Subject
      to the terms and conditions hereof, the term of employment of the Executive
      under this Employment Agreement shall be for the period commencing on January
      1,
      2006 (the “Commencement Date”) and terminating on December 31, 2007, unless
      sooner terminated as provided in accordance with the provisions of Section
      5
      hereof. (Such term of this agreement is herein sometimes called the “Retained
      Term”). 

    

    2. Employment.
      As of
      the Commencement Date, the Company hereby agrees to employ the Executive as
      Executive Vice-President and Chief Financial Officer
      (“CFO”)
      of the Company with such duties as assigned from time to time by the
      Company,
      and the
      Executive hereby accepts such employment and agrees to perform his duties and
      responsibilities hereunder in accordance with the terms and conditions
      hereinafter set forth.

    

    3. Duties
      and Responsibilities.

    

    (a) Duties.
      Executive shall perform such duties as are usually performed by a
      CFO
      with
      such duties as assigned from time to time by the Company
      of a
      business similar in size and scope as the Company and such other reasonable
      additional duties as may be prescribed from time-to-time by the Company’s board
      of directors which are reasonable and consistent with the Company’s operations,
      taking into account Executive’s expertise and job responsibilities. This
      agreement shall survive any job title or responsibility change. All actions
      of
      Executive shall be subject and subordinate to the review and approval of the
      board of directors. The board of directors shall be the final and exclusive
      arbiter of all policy decisions relative to the Company’s business.

    

    (b) Devotion
      of Time.
      During
      the term of this agreement, Executive agrees to devote the necessary time to
      the
      business and affairs of the Company to the extent necessary to discharge the
      responsibilities assigned to Executive and to use reasonable best efforts to
      perform faithfully and efficiently such responsibilities. During the term of
      this Agreement it shall not be a violation of this Agreement for Executive
      to
      manage personal investments or companies in which personal investments are
      made.

    

    4. Compensation
      and Benefits During the Employment Term.

    

    (a) Salary.
      Executive
      will be
      compensated by the Company at a monthly base salary of $5,000.00, from which
      shall be deducted income tax withholdings, social security, and other customary
      Executive deductions in conformity with the Company’s payroll policy in
      effect.

     

    (b) Option.
      The
      Executive shall receive a non-qualified stock option to purchase 120,000 shares
      of Company common stock at an exercise price of $0.60 per share, (attached
      hereto as Attachment “A”), all of which shall be vested upon execution of this
      Agreement. The option shall be evidenced by an option agreement, shall expire
      in
      five years, and shall be subject to the terms of the Company’s 2004 Stock Option
      Plan and such option agreement.

    

    5.
       Termination
      Status.
      Subject
      to the notice and other provisions of this Section 5, the Executive shall have
      the right to terminate the agreement, at any time and for no stated reason.
      The
      Company may terminate this Agreement only upon the following
      events:

    

    (a)
      Disability.
      The
      Company shall have the right to terminate the Employment Agreement in the event
      the Executive suffers an injury, illness or incapacity for a period of more
      than
      six (6) months provided that during such six-month period the Company shall
      have
      given at least thirty (30) days written notice of termination.

    

    (b)
      Death.
      This
      Agreement shall terminate upon the death of Carl A. Chase.

    

    (c)
      With
      Cause.
      The
      Company may terminate this Employment Agreement at any time because of:

    

    (i)
      Executive’s material breach of any term of this Agreement, which is not cured
      after twenty (20) days written notice from the board of directors,
      or

    

    (ii)
      Conviction by the Executive of a felony or an act of fraud against the
      Company.

    

    If
      the
      Company terminates the Employment Agreement for any reason other than as set
      forth in items 5(a), (b), or (c), then Executive is entitled to receive sixty
      thousand dollars ($60,000.00) payable in twelve (12) monthly installments and
      expenses earned or accrued and not yet paid as of the final effective
      termination date. In the event the Employment Agreement with the Company is
      terminated pursuant to items 5(a), (b) or (c), the Executive shall be entitled
      to receive all compensation earned by the Executive up to the date of
      termination and all unreimbursed expenses of a prior period and not yet
      paid.

    

    6.
       Revealing
      of Trade Secrets, etc.
      Executive acknowledges the interest of the Company in maintaining the
      confidentiality of information related to its business and shall not at any
      time
      during the Employment Term or thereafter, directly or indirectly, reveal or
      cause to be revealed to any person or entity the supplier lists, customer lists
      or other confidential business information of the Company; provided, however,
      that the parties acknowledge that it is not the intention of this paragraph
      to
      include within its subject matter (a) information not proprietary to the
      Company, (b) information which is then in the public domain through no fault
      of
      Executive, or (c) information required to be disclosed by law.

    

    7. Arbitration.
      If a
      dispute should arise regarding this Agreement, all claims, disputes,
      controversies, differences or other matters in question arising out of this
      relationship shall be settled finally, completely and conclusively by
      arbitration of a single arbitrator, which is mutually agreed upon, in Houston,
      Texas, in accordance with the Commercial Arbitration Rules of the American
      Arbitration Association (the "Rules"). Arbitration shall be initiated by written
      demand. This Agreement to arbitrate shall be specifically enforceable only
      in
      the District Court of Harris County, Texas. A decision of the arbitrator shall
      be final, conclusive and binding on the Company and the Executive, and judgment
      may be entered in the District Court of Harris County, Texas, for enforcement
      and other benefits. On appointment, the arbitrator shall then proceed to decide
      the arbitration subjects in accordance with the Rules. Any arbitration held
      in
      accordance with this paragraph shall be private and confidential. The matters
      submitted for arbitration, the hearings and proceedings and the arbitration
      award shall be kept and maintained in strictest confidence by Executive and
      the
      Company and shall not be discussed, disclosed or communicated to any persons.
      On
      request of any party, the record of the proceeding shall be sealed and may
      not
      be disclosed except insofar, and only insofar, as may be necessary to enforce
      the award of the arbitrator and any judgment enforcing an award. The prevailing
      party shall be entitled to recover reasonable and necessary attorneys' fees
      and
      costs from the non-prevailing party.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    8. Survival.
      In the
      event that this Agreement shall be terminated, then notwithstanding such
      termination, the obligations of Executive pursuant to Section 6 of this
      Agreement shall survive such termination. 

    

    9. Contents
      of Agreement, Parties in Interest, Assignment, etc.
      This
      Agreement sets forth the entire understanding of the parties hereto with respect
      to the subject matter hereof. All of the terms and provisions of this Agreement
      shall be binding upon and inure to the benefit of and be enforceable by the
      respective heirs, representatives, successors and assigns of the parties hereto,
      except that the duties and responsibilities of Executive hereunder which are
      of
      a personal nature shall neither be assigned nor transferred in whole or in
      part
      by Executive. This Agreement shall not be amended except by a written instrument
      duly executed by the parties. 

    

    10. Severability;
      Construction.
      If any
      term or provision of this Agreement shall be held to be invalid or unenforceable
      for any reason, such term or provision shall be ineffective to the extent of
      such invalidity or unenforceability without invalidating the remaining terms
      and
      provisions hereof, and this Agreement shall be construed as if such invalid
      or
      unenforceable term or provision had not been contained herein. The parties
      have
      participated jointly in the negotiation and drafting of this Agreement. In
      the
      event an ambiguity or question of intent or interpretation arises, this
      Agreement shall be construed as if drafted jointly by the parties and no
      presumption or burden of proof shall arise favoring or disfavoring any party
      by
      virtue of the authorship of any of the provisions of this
      Agreement.

     

    11. Notices.
      Any
      notice, request, instruction or other document to be given hereunder by any
      party to the other party shall be in writing and shall be deemed to have been
      duly given when delivered personally; or five (5) days after dispatch by
      registered or certified mail, postage prepaid, return receipt requested; or
      one
      (1) day after dispatch by overnight courier service; in each case, to the party
      to whom the same is so given or made:

    

    If
      to the Company addressed to:

     

    Unicorp,
      Inc.

    1117
      Herkimer St., Suite 110

    Houston,
      Texas 77008

    Attn:
      Chief Executive Officer

    

    If
      to Executive addressed to:

    

    Carl
      A.
      Chase

    19311
      Puget Lane

    Spring,
      Texas 77388

    

    or
      to
      such other address as the one party shall specify to the other party in
      writing.

    

    12. Counterparts
      and Headings.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original and all which together shall constitute one and the same
      instrument. All headings are inserted for convenience of reference only and
      shall not affect the meaning or interpretation of this Agreement.

    

    13. Governing
      Law; Venue.
      This
      Agreement shall be construed and enforced in accordance with, the laws of the
      State of Texas, without regard to the conflict of laws provisions thereof.
      Venue
      of any dispute concerning this Agreement shall be exclusively in Harris County,
      Texas.

    

    14. Waiver. 
      The
      failure of either party to enforce any provision of this Agreement shall not
      be
      construed as a waiver or limitation of that party’s right to subsequently
      enforce and compel strict compliance with every provision of this
      Agreement.

    

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

    

    

    CARL
      A.
      CHASE     UNICORP,
      INC.

    

    

    

    __/s/
      Carl A. Chase________________  _/s/
      Kevan Casey________________________

    Kevan
      Casey, Chief Executive Officer

    
      
         

        

        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    ATTACHEMENT
      “A”

    

    UNICORP,
      INC.

    NON-QUALIFIED
      STOCK OPTION AGREEMENT

    

    

    

    THIS
      AGREEMENT made effective as of January 1, 2006, between UNICORP, INC. a Nevada
      corporation (the “Company”),
      and
      Carl A. Chase (the “Option
      Holder”)
      relating to an option to purchase shares of the Company's common stock, par
      value $.001 per share ("Common
      Stock").

    

    1. Grant
      of Option.
      Subject
      to the terms and conditions of this Agreement and the Company's 2004 Stock
      Option Plan (the "Plan"),
      the
      Company hereby grants to the Option Holder effective as of January 1, 2006,
      the
"Grant
      Date")
      an
      option (the “Option”)
      to
      purchase 120,000 shares of Common Stock. The Option shall be exercisable, in
      whole or in part, during the Option Period (as hereinafter defined), vests
      immediately and are exercisable at a price of $0.60 per share (the “Option
      Price”).
      This
      Agreement and the purchase of the shares of Common Stock hereunder is not
      intended and should not be interpreted to qualify as an Incentive Stock Option
      as that term is used in Section 422 of the Internal Revenue Code of 1986, as
      it
      may be amended from time to time (the "Internal
      Revenue Code").

    

    2. Method
      for Exercising the Option.
      The
      Option may be exercised in whole or in part only by delivery in person or
      through certified or registered mail to the Company at its principal office
      in
      Houston, Texas (attention: Corporate Secretary) of written notice (attached
      hereto as Exhibit A) specifying the Option that is being exercised and the
      number of shares of Common Stock with respect to which the Option is being
      exercised. The notice must be accompanied by payment of the total Option
      Price.

     

    The
      total
      Option Price for the Common Stock to be acquired pursuant to the Option shall
      be
      paid in full by any of the following methods or any combination of the following
      methods:

    

    
      	(a)  	
              In
                cash or by certified or cashier's check payable to the order of Unicorp,
                Inc.;

            

    

    

    (b)
      The
      delivery to the Company of certificates representing the number of shares of
      Common Stock then owned by the Option Holder, the Designated Value (defined
      below) of which equals the Option Price of the Common Stock purchased pursuant
      to the Option, properly endorsed for transfer to the Company; provided however,
      that no Option may be exercised by delivery to the Company of certificates
      representing Common Stock, unless such Common Stock has been held by the Option
      Holder for more than six months. (For purposes of this Agreement, the Designated
      Value of any shares of Common Stock delivered in payment of the Option Price
      upon exercise of the Option shall be the Designated Value as of the exercise
      date and the exercise date shall be the day of delivery of the certificates
      for
      the Common Stock used as payment of the Option Price);

    

    (c) By
      delivery to the Company of a properly executed notice of exercise together
      with
      irrevocable instructions to a broker to deliver promptly to the Company, in
      payment of the Option Price, the amount of the cash proceeds of the sale of
      shares of Common Stock or a loan from the broker to the Option Holder
      sufficient, in each case, to pay the Option Price, and in a form satisfactory
      to
      the Corporate Secretary; or

    

    (d) By
      delivery to the Company of sufficient Options, properly endorsed for transfer
      to
      the Company, having a value sufficient to pay the Option Price with respect
      to
      the other Options that are to be exercised under this Agreement. The value
      of
      each Option to be surrendered in payment of the Option Price shall be determined
      by subtracting the Option Price from the Designated Value as of the date of
      receipt of notice of the exercise of the Options by the Corporate Secretary
      of
      the Company.

    

    Upon
      such
      notice to the Corporate Secretary and payment of the total Option Price, the
      exercise of the Option shall be deemed to be effective, and a properly executed
      certificate or certificates representing the Common Stock so purchased shall
      be
      issued by the Company and delivered to the Option Holder.

    

    For
      purposes of this Agreement, the designated value (“Designated
      Value”)
      of the
      shares of Common Stock on a given date shall mean: (i) if the Common Stock
      is
      listed or admitted for trading on any national securities exchange or the
      National Market System of the National Association of Securities Dealers, Inc.
      Automated Quotation System, the last sale price, or if no sale occurred, the
      mean between the closing high bid and low asked quotations for such date of
      the
      Common Stock on the principal securities exchange on which shares of the Common
      Stock are listed, (ii) if the Common Stock is not traded on any national
      securities exchange but is quoted on the National Association of Securities
      Dealers, Inc. Automated Operations System, or any similar system of automated
      dissemination of quotations or securities prices in common use, the mean between
      the closing high bid and low asked quotations for such day of the Common Stock
      on such system, (iii) if neither clause (i) nor (ii) is applicable, the mean
      between the high bid and low asked quotations for the Common Stock as reported
      by the National Quotation Bureau Incorporated if at least two securities dealers
      have inserted both bid and asked quotations for shares of the Common Stock
      on at
      least five (5) of the ten (10) preceding days or (iv) if none of the conditions
      set forth above is met, the fair market value of shares of Common Stock as
      determined by the Board of Directors. Provided, for purposes of determining
      "fair market value" of the Common Stock of the Company, such value shall be
      determined without regard to any restriction other than a restriction which
      will
      never lapse. In no event shall the fair market value of the Common Stock be
      less
      than its par value.

     

    3. Adjustment
      of the Option.

    

    (a) Adjustment
      by Stock Split, Stock Dividend, etc.
      If at
      any time the Company increases or decreases the number of its outstanding shares
      of Common Stock, or changes in any way the rights and privileges of its Common
      Stock, by means of the payment of a stock dividend or the making of any other
      distribution of such shares payable in Common Stock, or through a stock split
      or
      subdivision of shares of Common Stock, or a consolidation or combination of
      shares of Common Stock, or through a reclassification or recapitalization
      involving the Common Stock, the numbers, rights and privileges of the shares
      of
      Common Stock included in the Option shall be increased, decreased or changed
      in
      like manner as if such shares of Common Stock had been issued and outstanding,
      fully paid and non-assessable at the time of such occurrence.

    

    (b) Dividends
      Payable in Stock of Another Corporation, etc.
      If at
      any time the Company pays or makes any dividend or other distribution upon
      its
      Common Stock payable in securities or other property (except cash or Common
      Stock), a proportionate part of such securities or other property shall be
      set
      aside and delivered to the Option Holder upon issuance of the Common Stock
      purchased at the time of the exercise of the Option. The securities and other
      property delivered to the Option Holder upon exercise of the Option shall be
      in
      the same ratio to the total securities and property set aside for the Option
      Holder as the number of shares of Common Stock with respect to which the Option
      is then exercised is to the total shares of Common Stock subject to the Option.
      Prior to the time that any such securities or other property are delivered
      to
      the Option Holder in accordance with the foregoing, the Company shall be the
      owner of such securities or other property and Option Holder shall not have
      the
      right to vote the securities, receive any dividends payable on such securities,
      or in any other respect be treated as the owner. If securities or other property
      which have been set aside by the Company in accordance with this Section 3
      are not delivered to the Option Holder because the Option is not exercised,
      then
      such securities or other property shall remain the property of the Company
      and
      shall be dealt with by the Company as it shall determine in its sole
      discretion.

    

    (c) Other
      Changes in Stock.
      In the
      event there shall be any change, other than as specified in the preceding
      subsections (a) and (b) of this Section 3, in the number or kind of outstanding
      shares of Common Stock or of any stock or other securities into which the Common
      Stock shall be changed or for which it shall have been exchanged, then and
      if
      the Board of Directors of the Company shall in its discretion determine that
      such change equitably requires an adjustment in the number or kind of shares
      subject to the Option, such adjustments shall be made by the Board of Directors
      and shall be effective for all purposes as of this Agreement.

    

    (d) Apportionment
      of Option Price.
      Upon
      any occurrence described in the preceding subsections (a), (b) and (c) of this
      Section 3, the aggregate Option Price for the shares of Common Stock then
      subject to the Option shall remain unchanged and shall be apportioned ratably
      over the increased or decreased number or changed kinds of securities or other
      properties subject to the Option.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    4. Change
      of Control; Termination without Cause; Corporate Transactions.
      

    
      	 	 

    

    
      	(a)  	
              In
                the event of a Change of Control (as defined in the Plan), all outstanding
                Options, whether exercisable or not, shall immediately become exercisable
                in accordance with Article 4.5 of the
                Plan.

            

    

    

    
      	(b)  	
              In
                the event the Option Holder’s employment, position as a director or
                consulting agreement with the Company terminates for reasons other
                than
                (i) Option Holder voluntarily ceasing his employment, position as
                a
                director or consulting agreement with the Company; or, (ii) Option
                Holder’s employment, position as a director or consulting agreement with
                the Company being terminated for Cause; then, in any such event,
                all
                outstanding Options, whether exercisable or not, shall immediately
                vest
                and become exercisable. The term “Cause” is defined as the conviction of,
                or the entering of a guilty plea, or no contest plea by Option Holder
                for
                any felony, by a court of competent jurisdiction; or, the failure
                or
                refusal by Option Holder to competently perform his employment, director
                or consulting duties, or conform to policies reasonably established
                by
                Company.

            

    

    

    
      	(c)  	
              If
                the Company recapitalizes or otherwise changes its capital structure,
                or
                merges, consolidates, sells all of its assets or dissolves and such
                transaction is not a Change of Control, then thereafter upon any
                exercise
                of the Option hereunder, the Optionee shall be entitled to purchase
                under
                the Option, in lieu of the number of shares of Common Stock covered
                by
                this Option then exercisable, the number and class of shares of stock
                and
                securities to which the Optionee would have been entitled pursuant
                to the
                terms of the agreement of merger, consolidation, sale of assets or
                dissolution, if, immediately prior to such agreement of merger,
                consolidation, sale of assets or dissolution, the Optionee had been
                the
                holder of record of the number of shares of Common Stock as to which
                the
                Option is then exercisable.

            

    

    

    5. Expiration
      and Termination of the Option.
      The
      Option shall expire at 5:00 p.m. Houston, Texas, time on December 31, 2010,
      (the
      period from the date of this Agreement to the expiration date is defined as
      the
      option period (“Option
      Period”).
      In the
      event of the death of the Option Holder during the Option Period, the Option
      shall be exercisable by the Option Holder's estate or by the person who acquired
      the right to exercise the Option by bequest or inheritance during the Option
      Period and for a period of up to six months following the death of the Option
      Holder, if later. 

    

    6. Transferability.
      The
      Option may not be transferred except by will or pursuant to the laws of descent
      and distribution, and it shall be exercisable during the Option Holder's life
      only by him, or in the event of his disability or incapacity, by his personal
      representative, and after his death, only by his estate or by the person who
      acquired the right to exercise the Option by bequest or
      inheritance.

    

    7. Compliance
      with Securities Laws.
      Upon
      the acquisition of any shares pursuant to the exercise of the Option herein
      granted, Option holder or any person acting under Section 5 will enter into
      such
      written representations, warranties and agreements as the Company may reasonably
      request in order to comply with applicable securities laws or with this
      Agreement.

    

    8. Legends
      on Certificates.
      The
      Certificates representing the shares of Common Stock purchased by exercise
      of an
      Option will be stamped or otherwise imprinted with legends in such form as
      the
      Company or its counsel may require with respect to any applicable restrictions
      on sale or transfer and the stock transfer records of the Company will reflect
      stock-transfer instructions with respect to such shares.

    

    9. Withholding.

    

    (a) Arrangement
      for Withholding.
      The
      Option Holder hereby agrees to make appropriate arrangements with the Company
      to
      provide for the amount of tax withholding, if any, under applicable federal
      and
      state income tax laws resulting from the exercise of the Option. If such
      arrangements are not made, the Company may refuse to issue any Common Stock
      to
      the Option Holder.

    

    (b) Withholding
      Election.
      The
      Option Holder may elect to pay all such amounts of tax withholding, or any
      part
      thereof, by electing to transfer to the Company, or to have the Company withhold
      from shares otherwise issuable to the Option Holder, shares of Common Stock
      having a value equal to the amount required to be withheld or such lesser amount
      as may be elected by the Option Holder. All elections shall be subject to the
      approval or disapproval of the Board of Directors. The value of shares of Common
      Stock to be withheld shall be based on the Designated Value of the Common Stock
      on the date that the amount of tax to be withheld is to be determined (the
      “Tax
      Date”).
      Any
      such election by the Option Holder to have shares of Common Stock withheld
      for
      this purpose will be subject to the following restrictions:

    

    (i) All
      elections must be made prior to the Tax Date.

    

    (ii) All
      elections shall be irrevocable. 

    

    (iii) If
      the
      Option Holder is an officer or director of the Company within the meaning of
      Section 16 of the Securities Exchange Act of 1934, as amended, (“Section
      16”),
      the
      Option Holder must satisfy the requirements of such Section 16 and any
      applicable rules thereunder with respect to the use of Common Stock as
      consideration to satisfy such tax withholding obligation.

    10. Miscellaneous.

    

    (a) Notices.
      Any
      notice required or permitted to be given under this Agreement shall be in
      writing and shall be given by first class registered or certified mail, postage
      prepaid or by personal delivery to the appropriate party,
      addressed:

    

    (i) If
      to the
      Company, to the Company at its principal place of business (as of the date
      hereof, 1117 Herkimer Street, Suite 110, Houston, Texas 77008, telephone (713)
      802-2944) (Attention: Corporate Secretary) or at such other address as may
      have
      been furnished to the Option Holder in writing by the Company; or

    

    (ii) If
      to the
      Option Holder, to the Option Holder at his address on file with the Company
      or
      at such other address as may have been furnished to the Company by the Option
      Holder.

    

    Any
      such
      notice shall be deemed to have been given as of the fourth day after deposit
      in
      the United States Postal Service, postage prepaid, properly addressed as set
      forth above, in the case of mailed notice, or as of the date delivered in the
      case of personal delivery.

    

    (b) Amendment.
      The
      Board of Directors may make any adjustment in the Option Price, the number
      of
      shares of Common Stock subject to, or the terms of the Option by amendment
      or by
      substitution of an outstanding Option. Such amendment or substitution may result
      in terms and conditions (including Option Price, the number of shares of Common
      Stock covered, Vesting Schedule or Option Period) that differ from the terms
      and
      conditions of this Option. The Board of Directors may not, however, adversely
      affect the rights of the Option Holder without the consent of the Option Holder.
      If such action is effective by amendment, the effective date of such amendment
      will be the date of the original grant of this Option. Except as provided
      herein, this Agreement may not be amended or otherwise modified unless evidenced
      in writing and signed by the Company and the Option Holder.

    

    (c) Severability.
      The
      invalidity or unenforceability of any provision of this Agreement shall not
      affect the validity or enforceability of any other provision of this Agreement,
      and each other provision of this Agreement shall be several and enforceable
      to
      the extent permitted by law.

    

    
      	(d)  	
              Waiver.
                Any provision contained in this Agreement may be waived, either generally
                or in any particular instance, by the
                Company.

            

    

    

    (e) Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the Company and
      the
      Option Holder and their respective heirs, executors, administrators, legal
      representatives, successors and assigns.

    

    (f) Rights
      to Employment.
      Nothing
      contained in this Agreement shall be construed as giving the Option Holder
      any
      right to be retained in the employ of the Company and this Agreement is limited
      solely to governing the rights and obligations of the Option Holder with respect
      to the Common Stock and the Option.

    

    
      	(g)  	
              Gender
                and Number.
                Except when otherwise indicated by the context, the masculine gender
                shall
                also include the feminine gender, and the definition of any term
                herein in
                the singular shall also include the
                plural.

            

    

    

    (h) Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Texas without giving effect to the conflicts of law provisions
      thereof.

    

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

    

    UNICORP,
      INC.

    

    

    
      	 	
              By:

            	 	 

    

    Kevan
      Casey, Chief Executive Officer

    

    

    OPTION
      HOLDER

    

    

    Carl
      A.
      Chase

    
      
         

        

        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A

    

    SUBSCRIPTION
      FORM

    

    [To
      be
      executed only upon exercise of Stock Options]

    

    

    The
      undersigned registered owner of this Stock Option irrevocably exercises the
      Stock Option for the purchase of _______________ shares of Common Stock of
      Unicorp, Inc. (the “Company”) and herewith makes payment therefore in cash or by
      check or bank draft made payable to the Company, all at the price and on the
      terms and conditions specified in this Stock Option Agreement and requests
      that
      certificates for the shares of Common Stock hereby purchased (and any securities
      or other property issuable upon such exercise) be issued in the name of and
      delivered to __________________ whose address is ___________________________
      and, if such shares of Common Stock shall not include all of the shares of
      Common Stock issuable as provided in this Stock Option, that a new Stock Option
      of like tenor and date for the balance of the shares of Common Stock issuable
      hereunder be delivered to the undersigned.

    

    

    

    _______________________________________

    (Name
      of
      Registered Owner)

    

    

    _______________________________________

    (Signature
      of Registered Owner)

    

    

    _______________________________________

    (Street
      Address)

    

    

    _______________________________________

    (City)   (State)  (Zip
      Code)

    

    

    ______________________________________

    (Social
      Security Number)

    

    

    NOTICE: The
      signature on this subscription must correspond with the name as written upon
      the
      face of the within Stock Option Agreement in every particular, without
      alteration or enlargement or any change whatsoever.

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