Document:

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                                 UNIT CORPORATION
                       KEY EMPLOYEE CHANGE OF CONTROL CONTRACT

     This Agreement is entered into effective as of the 15th day of January
2001, by and between Unit Corporation, a Delaware corporation (the "Company")
and [Name] (the "Executive").

     The Board of Directors of the Company (the "Board") has determined that it
is in the best interests of the Company and its shareholders to assure that the
Company will have the continued dedication of the Executive, notwithstanding the
possibility, threat or occurrence of a Change of Control (as defined below) of
the Company. The Board believes it is imperative to diminish the inevitable
distraction of the Executive by virtue of the personal uncertainties and risks
created by a pending or threatened Change of Control and to encourage the
Executive's full attention and dedication to the Company currently and in the
event of any threatened or pending Change of Control, and to provide the
Executive with compensation and benefits arrangements upon a Change of Control
which ensure that the compensation and benefits expectations of the Executive
will be satisfied and which are competitive with those of other corporations.
Therefore, in order to accomplish these objectives, the Board has caused the
Company to enter into this Agreement.

     NOW, THEREFORE, it is hereby agreed as follows:

1.  CERTAIN DEFINITIONS.

      (a)  The "Effective Date" shall mean the first date during the Change of
Control Period (as defined in Section 1(b)) on which a Change of Control (as
defined in Section 2) occurs. Anything in this Agreement to the contrary
notwithstanding, if a Change of Control occurs and if the Executive's employment
with the Company is terminated prior to the date on which the Change of Control
occurs, and if it is reasonably demonstrated by the Executive that such
termination of employment (i) was at the request of a third party who has taken
steps reasonably calculated to effect a Change of Control or (ii) otherwise
arose in connection with or anticipation of a Change of Control, then for all
purposes of this Agreement the "Effective Date" shall mean the date immediately
prior to the date of such termination of employment.

      (b)  The "Change of Control Period" shall mean the period commencing on
the date hereof and ending on the third anniversary of the date hereof;
provided, however, that commencing on the date one year after the date hereof,
and on each annual anniversary of such date (such date and each annual
anniversary thereof shall be hereinafter referred to as the "Renewal Date"),
unless previously terminated, the Change of Control Period shall be
automatically extended so as to terminate three years from such Renewal Date,
unless at least 90 days prior to the Renewal Date the Company shall give notice
to the Executive that the Change of Control Period shall not be so extended.

2.  CHANGE OF CONTROL.

     For the purpose of this Agreement, a "Change of Control"
shall mean:

      (a)  The acquisition by any individual, entity or group (within the
meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act")) (a "Person") of beneficial ownership (within
the meaning of Rule 13d-3 promulgated under the Exchange Act) of 15% or more of

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either (i) the then outstanding shares of common stock of the Company (the
"Outstanding Company Common Stock") or (ii) the combined voting power of the
then outstanding voting securities of the Company entitled to vote generally in
the election of directors (the "Outstanding Company Voting Securities");
provided, however, that for purposes of this subsection (a), the following
acquisitions shall not constitute a Change of Control: (i) any acquisition
directly from the Company, (ii) any acquisition by the Company, (iii) any
acquisition by any employee benefit plan (or related trust) sponsored or
maintained by the Company or any corporation controlled by the Company or (iv)
any acquisition pursuant to a transaction which complies with clauses (i), (ii)
and (iii) of subsection (c) of this Section 2; or

      (b)  Individuals who, as of the date hereof, constitute the Board (the
"Incumbent Board") cease for any reason to constitute at least a majority of the
Board; provided, however, that any individual becoming a director subsequent to
the date hereof whose election, or nomination for election by the Company's
shareholders, was approved by a vote of at least a majority of the directors
then comprising the Incumbent Board shall be considered as though such
individual were a member of the Incumbent Board, but excluding, for this
purpose, any such individual whose initial assumption of office occurs as a
result of an actual or threatened election contest with respect to the election
or removal of directors or other actual or threatened solicitation of proxies or
consents by or on behalf of a Person other than the Board; or

      (c)  Consummation by the Company of a reorganization, merger or
consolidation or sale or other disposition of all or substantially all of the
assets of the Company or the acquisition of assets of another entity (a
"Business Combination"), in each case, unless, following such Business
Combination, (i) all or substantially all of the individuals and entities who
were the beneficial owners, respectively, of the Outstanding Company Common
Stock and Outstanding Company Voting Securities immediately prior to such
Business Combination beneficially own, directly or indirectly, more than 60% of,
respectively, the then outstanding shares of common stock and the combined
voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation
resulting from such Business Combination (including, without limitation, a
corporation which as a result of such transaction owns the Company or all or
substantially all of the Company's assets either directly or through one or more
subsidiaries) in substantially the same proportions as their ownership,
immediately prior to such Business Combination of the Outstanding Company Common
Stock and Outstanding Company Voting Securities, as the case may be, (ii) no
Person (excluding any employee benefit plan (or related trust) of the Company or
such corporation resulting from such Business Combination) beneficially owns,
directly or indirectly, 15% or more of, respectively, the then outstanding
shares of common stock of the corporation resulting from such Business
Combination or the combined voting power of the then outstanding voting
securities of such corporation except to the extent that such ownership
existed prior to the Business Combination and (iii) at least a majority of the
members of the board of directors of the corporation resulting from such
Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing for
such Business Combination; or

      (d)  Approval by the shareholders of the Company of a complete liquidation
or dissolution of the Company.

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3.  EMPLOYMENT PERIOD.

     The Company hereby agrees to continue the Executive in its employ, and the
Executive hereby agrees to remain in the employ of the Company subject to the
terms and conditions of this Agreement, for the period commencing on the
Effective Date and ending on the third anniversary of such date (the "Employment
Period").

4.  TERMS OF EMPLOYMENT.

      (a)  Position and Duties.

        (i)  During the Employment Period, (A) the Executive's position
  (including status, offices, titles and reporting requirements), authority,
  duties and responsibilities shall be at least commensurate in all material
  respects with the most significant of those held, exercised and assigned to
  the Executive at any time during the 120-day period immediately preceding the
  Effective Date and (B) the Executive's services shall be performed at the
  location where the Executive was employed immediately preceding the Effective
  Date or any office or location less than 35 miles from such location.

        (ii) During the Employment Period, and excluding any periods of
  vacation and sick leave to which the Executive is entitled, the Executive
  agrees to devote reasonable attention and time during normal business hours to
  the business and affairs of the Company and, to the extent necessary to
  discharge the responsibilities assigned to the Executive hereunder, to use the
  Executive's reasonable best efforts to perform faithfully and efficiently
  such responsibilities. During the Employment Period it shall not be a
  violation of this Agreement for the Executive to (A) serve on corporate, civic
  or charitable boards or committees, (B) deliver lectures, fulfill speaking
  engagements or teach at educational institutions and (C) manage personal
  investments, so long as such activities do not significantly interfere with
  the performance of the Executive's responsibilities as an employee of
  the Company in accordance with this Agreement. It is expressly understood and
  agreed that to the extent that any such activities have been conducted by the
  Executive prior to the Effective Date, the continued conduct of such
  activities (or the conduct of activities similar in nature and scope thereto)
  subsequent to the Effective Date shall not thereafter be deemed to interfere
  with the performance of the Executive's responsibilities to the
  Company.

      (b)  Compensation.

        (i)  Base Salary. During the Employment Period, the Executive shall
  receive an annual base salary ("Annual Base Salary"), which shall be paid at a
  monthly rate, at least equal to twelve times the highest monthly base salary
  paid or payable, including any base salary which has been earned but deferred,
  to the Executive by the Company and its affiliated companies in respect of the
  twelve-month period immediately preceding the month in which the Effective
  Date occurs. During the Employment Period, the Annual Base Salary shall be
  reviewed no more than 12 months after the last salary increase awarded to the
  Executive prior to the Effective Date and thereafter at least annually. Any
  increase in Annual Base Salary shall not serve to limit or reduce any other
  obligation to the Executive under this Agreement. Annual Base Salary shall not
  be reduced after any such increase and the term Annual Base Salary as utilized
  in this Agreement shall refer to Annual Base Salary as so increased. As used
  in this Agreement, the term "affiliated companies" shall include any company
  controlled by, controlling or under common control with the Company.
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        (ii) Annual Bonus. In addition to Annual Base Salary, the Executive
  shall be awarded, for each fiscal year ending during the Employment Period, an
  annual bonus (the "Annual Bonus") in cash at least equal to the Executive's
  highest annual bonus earned by the Executive in any of the three calendar
  years immediately preceding the calendar year in which the Effective
  Date commences. Such Annual Bonus shall be paid no later than January 31 of
  the fiscal year next following the fiscal year for which the Annual Bonus is
  awarded, unless the Executive shall elect to defer the receipt of such Annual
  Bonus.

        (iii) Incentive, Savings and Retirement Plans. During the Employment
  Period, the Executive shall be entitled to participate in all incentive,
  savings and retirement plans, practices, policies and programs applicable
  generally to other peer executives of the Company and its affiliated
  companies, but in no event shall such plans, practices, policies and programs
  provide the Executive with incentive opportunities (measured with respect
  to regular, annual incentive opportunities), savings opportunities and
  retirement benefit opportunities, in each case, less favorable, in the
  aggregate, than the most favorable of those provided by the Company and its
  affiliated companies for the Executive under such plans, practices, policies
  and programs as in effect at any time during the 120-day period immediately
  preceding the Effective Date or if more favorable to the Executive, those
  provided generally at any time after the Effective Date to other peer
  executives of the Company and its affiliated companies.

        (iv) Welfare Benefit Plans. During the Employment Period, the Executive
  and/or the Executive's family, as the case may be, shall be eligible for
  participation in and shall receive all benefits under welfare benefit plans,
  practices, policies and programs provided by the Company and its affiliated
  companies (including, without limitation, medical, prescription, dental,
  disability, salary continuance, employee life, group life, accidental death
  and travel accident insurance plans and programs) to the extent applicable
  generally to other peer executives of the Company and its affiliated
  companies, but in no event shall such plans, practices, policies and programs
  provide the Executive with benefits which are less favorable, in the
  aggregate, than the most favorable of such plans, practices, policies and
  programs in effect for the Executive at any time during the 120-day period
  immediately preceding the Effective Date or, if more favorable to the
  Executive, those provided generally at any time after the Effective Date to
  other peer executives of the Company and its affiliated companies.

        (v)  Expenses. During the Employment Period, the Executive shall
  be entitled to receive prompt reimbursement for all reasonable expenses
  incurred by the Executive in accordance with the most favorable policies,
  practices and procedures of the Company and its affiliated companies in effect
  for the Executive at any time during the 120-day period immediately preceding
  the Effective Date or, if more favorable to the Executive, as in effect
  generally at any time thereafter with respect to other peer executives of the
  Company and its affiliated companies.

        (vi) Fringe Benefits. During the Employment Period, the Executive shall
  be entitled to fringe benefits, including, without limitation, tax and
  financial planning services, payment of club dues, and, if applicable, use of
  an automobile and payment of related expenses, in accordance with the most
  favorable plans, practices, programs and policies of the Company and its
  affiliated companies in effect for the Executive at any time during the 120-
  day period immediately preceding the Effective Date or, if more favorable to
  the Executive, as in effect generally at any time thereafter with respect to
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  other peer executives of the Company and its affiliated companies.

        (vii) Office and Support Staff. During the Employment Period, the
  Executive shall be entitled to an office or offices of a size and with
  furnishings and other appointments, and to exclusive personal secretarial and
  other assistance, at least equal to the most favorable of the foregoing
  provided to the Executive by the Company and its affiliated companies at any
  time during the 120-day period immediately preceding the Effective Date or, if
  more favorable to the Executive, as provided generally at any time thereafter
  with respect to other peer executives of the Company and its affiliated
  companies.

        (viii) Vacation. During the Employment Period, the Executive shall be
  entitled to paid vacation in accordance with the most favorable plans,
  policies, programs and practices of the Company and its affiliated companies
  as in effect for the Executive at any time during the 120-day period
  immediately preceding the Effective Date or, if more favorable to the
  Executive, as in effect generally at any time thereafter with respect to other
  peer executives of the Company and its affiliated companies.

5.  TERMINATION OF EMPLOYMENT.

      (a)  Death or Disability. The Executive's employment shall terminate
automatically upon the Executive's death during the Employment Period.  If the
Company determines in good faith that the Disability of the Executive has
occurred during the Employment Period (pursuant to the definition of Disability
set forth below), it may give to the Executive written notice in accordance with
Section 12(b) of this Agreement of its intention to terminate the Executive's
employment. In such event, the Executive's employment with the Company shall
terminate effective on the 30th day after receipt of such notice by the
Executive (the "Disability Effective Date"), provided that, within the 30
days after such receipt, the Executive shall not have returned to full-time
performance of the Executive's duties. For purposes of this Agreement,
"Disability" shall mean the absence of the Executive from the Executive's duties
with the Company on a full-time basis for 180 consecutive business days as a
result of incapacity due to mental or physical illness which is determined
to be total and permanent by a physician selected by the Company or its insurers
and acceptable to the Executive or the Executive's legal representative.

      (b)  Cause. The Company may terminate the Executive's employment during
the Employment Period for Cause. For purposes of this Agreement, "Cause" shall
mean:
        (i)  the willful and continued failure of the Executive to perform
  substantially the Executive's duties with the Company or one of its affiliates
  (other than any such failure resulting from incapacity due to physical or
  mental illness), after a written demand for substantial performance is
  delivered to the Executive by the Board or the Chief Executive Officer of the
  Company which specifically identifies the manner in which the Board or Chief
  Executive Officer believes that the Executive has not substantially performed
  the Executive's duties, or

        (ii) the willful engaging by the Executive in illegal conduct or gross
  misconduct that is materially and demonstrably injurious to the Company.

For purposes of this provision, no act or failure to act, on the part of the
Executive, shall be considered "willful" unless it is done, or omitted to be
done, by the Executive in bad faith or without reasonable belief that the
Executive's action or omission was in the best interests of the
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Company. Any act, or failure to act, based upon authority given pursuant to a
resolution duly adopted by the Board or upon the instructions of the Chief
Executive Officer or a senior officer of the Company or based upon the advice of
counsel for the Company shall be conclusively presumed to be done, or omitted to
be done, by the Executive in good faith and in the best interests of the
Company. The cessation of employment of the Executive shall not be deemed to
be for Cause unless and until there shall have been delivered to the Executive a
copy of a resolution duly adopted by the affirmative vote of not less than
three-quarters of the entire membership of the Board at a meeting of the Board
called and held for such purpose (after reasonable notice is provided to the
Executive and the Executive is given an opportunity, together with counsel, to
be heard before the Board), finding that, in the good faith opinion of the
Board, the Executive is guilty of the conduct described in subparagraph (i) or
(ii) above, and specifying the particulars thereof in detail.

      (c)  Good Reason. The Executive for Good Reason may terminate the
Executive's employment. For purposes of this Agreement, "Good Reason" shall
mean:

        (i)  the assignment to the Executive of any duties inconsistent
  in any respect with the Executive's position (including status, offices,
  titles and reporting requirements), authority, duties or responsibilities as
  contemplated by Section 4(a) of this Agreement, or any other action by the
  Company which results in a diminution in such position, authority, duties or
  responsibilities, excluding for this purpose an isolated, insubstantial and
  inadvertent action not taken in bad faith and which is remedied by the Company
  promptly after receipt of notice thereof given by the Executive;

        (ii) any failure by the Company to comply with any of the provisions of
  Section 4(b) of this Agreement, other than an isolated, insubstantial and
  inadvertent failure not occurring in bad faith and which is remedied by the
  Company promptly after receipt of notice thereof given by the Executive;

        (iii) the Company's requiring the Executive to be based at any office or
  location other than as provided in Section 4(a)(i)(B) hereof or the Company's
  requiring the Executive to travel on Company business to a substantially
  greater extent than required immediately prior to the Effective Date;

        (iv) any purported termination by the Company of the Executive's
  employment otherwise than as expressly permitted by this Agreement; or

        (v)  any failure by the Company to comply with and satisfy Section 11(c)
  of this Agreement.

For purposes of this Section 5(c), any good faith determination of "Good Reason"
made by the Executive shall be conclusive.  Anything in this Agreement to the
contrary notwithstanding, a termination by the Executive for any reason during
the 30-day period immediately following the first anniversary of the Effective
Date shall be deemed to be a termination for Good Reason for all purposes of
this Agreement.

      (d)  Notice of Termination. Any termination by the Company for Cause, or
by the Executive for Good Reason, shall be communicated by Notice of Termination
to the other party hereto given in accordance with Section 12(b) of this
Agreement. For purposes of this Agreement, a "Notice of Termination" means a
written notice which (i) indicates the specific termination provision in this
Agreement relied upon, (ii) to the extent applicable, sets forth in

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reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive's employment under the provision so indicated and
(iii) if the Date of Termination (as defined below) is other than the date of
receipt of such notice, specifies the termination date (which date shall be not
more than thirty days after the giving of such notice).  The failure by the
Executive or the Company to set forth in the Notice of Termination any fact or
circumstance which contributes to a showing of Good Reason or Cause shall not
waive any right of the Executive or the Company, respectively, hereunder or
preclude the Executive or the Company, respectively, from asserting such
fact or circumstance in enforcing the Executive's or the Company's rights
hereunder.

      (e)  Date of Termination. "Date of Termination" means (i) if the
Executive's employment is terminated by the Company for Cause, or by the
Executive for Good Reason, the date of receipt of the Notice of Termination or
any later date specified therein, as the case may be, (ii) if the Executive's
employment is terminated by the Company other than for Cause or Disability, the
date on which the Company notifies the Executive of such termination and (iii)
if the Executive's employment is terminated by reason of death or Disability,
the date of death of the Executive or the Disability Effective Date, as the case
may be.

6.  OBLIGATIONS OF THE COMPANY UPON TERMINATION.

      (a)  Good Reason; Other Than for Cause, Death or Disability. If, during
the Employment Period, the Company shall terminate the Executive's employment
other than for Cause, or Disability or the Executive shall terminate employment
for Good Reason, the Company shall provide the Executive with the following
compensation and benefits:

        (i)  The Company shall pay to the Executive in a lump sum in cash within
  20 days after the Date of Termination the aggregate of the following amounts:

                A. the sum of (1) the Executive's Annual Base Salary through the
    Date of Termination to the extent not theretofore paid, (2) the product of
    (x) the higher of (I) the highest annual bonus earned by the Executive for
    the last three fiscal years prior to the Effective Date and (II) the Annual
    Bonus paid or payable for the most recently completed fiscal year during the
    Employment Period, in each case, including any bonus or portion thereof
    which has been earned but deferred (and annualized for any fiscal year
    consisting of less than twelve full months or during which the Executive was
    employed for less than twelve full months) (such higher amount being
    referred to as the "Highest Annual Bonus") and (y) a fraction, the numerator
    of which is the number of days in the current fiscal year through the Date
    of Termination, and the denominator of which is 365 (the "Pro-Ration
    Fraction") and (3) any accrued vacation pay, to the extent not theretofore
    paid (the sum of the amounts described in clauses (1), (2), and (3) shall be
    hereinafter referred to as the "Accrued Obligations"); and

                B. an amount equal to the product of (1) 2.9 and (2) the sum
    of (x) the Executive's Annual Base Salary and (y) the Highest Annual Bonus;
    and
                C. an amount equal to the additional Company matching
    contributions which would have been made on the Executive's behalf in the
    Company's 401(k) plan (assuming continued participation on the same basis as
    immediately prior to the Effective Date) (with the Company's matching
    contributions being determined pursuant to the applicable provisions of the
    401(k) plan and based upon the Executive's compensation
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    (including any amounts deferred pursuant to any deferred compensation
    program) in effect for the 12-month period immediately prior to the
    Effective Date); and

        (ii)  The Company shall, at its sole expense as incurred, provide
  the Executive with outplacement services at a cost to the Company not to
  exceed $30,000, the scope and provider of which shall be selected by the
  Executive in the Executive's sole discretion; and

        (iii) Until the third anniversary of the Date of Termination, the
  Company shall maintain in full force and effect for the Executive all life,
  accident, disability, medical and health care benefit plans and programs or
  arrangements in which the Executive was entitled to participate, at the same
  levels and rates, in which the Executive was participating immediately prior
  to the Effective Date, provided that the Executive's continued participation
  is possible under the general terms and provisions of such plans and programs,
  provided, however, that if the Executive becomes reemployed with another
  employer and is eligible to receive medical or other welfare benefits under
  another employer-provided plan, the medical and other welfare benefits
  described herein shall be secondary to those provided under such other plan
  during such applicable period of eligibility. In the event that the
  Executive's participation in any such plan or program is barred due to the
  eligibility and participation requirements of such plan or program as then in
  effect, the Company shall arrange to provide benefits substantially similar to
  those to which the Executive was entitled to receive under such plans and
  programs of the Company prior to the Effective Date. In such event,
  appropriate adjustments shall be made so that the after-tax value thereof to
  the Executive is similar to the after-tax value of the benefit plans in which
  participation is barred.  Benefits provided pursuant to this paragraph are
  contractual only and are not to be considered a continuation of coverage as
  provided under Section 601 et seq. of ERISA and Section 4980B of the Code. For
  purposes of determining the Executive's eligibility (but not the time of
  commencement of benefits) for retiree benefits pursuant to such plans and
  programs, the Executive shall be considered to have remained employed until
  three years after the Date of Termination and to have retired on the last day
  of such period, and, if the Executive satisfies the eligibility requirements,
  such benefits shall commence no later than the expiration of the three year
  continuation period provided in clause (A) of this Section 6(a)(iii).

        (iv)  To the extent not theretofore paid or provided, the Company
  shall timely pay or provide to the Executive any other amounts or benefits
  required to be paid or provided or which the Executive is eligible to receive
  under any plan, program, policy or practice or contract or agreement of the
  Company and its affiliated companies (such other amounts and benefits shall be
  hereinafter referred to as the "Other Benefits").

      (b)  Death. If the Executive's employment is terminated by reason
of the Executive's death during the Employment Period, this Agreement shall
terminate without further obligations to the Executive's legal representatives
under this Agreement, other than for payment of Accrued Obligations and the
timely payment or provision of Other Benefits. Accrued Obligations shall be paid
to the Executive's estate or beneficiary, as applicable, in a lump sum in cash
within 20 days of the Date of Termination. With respect to the provision of
Other Benefits, the term Other Benefits as utilized in this Section 6(b) shall
include, without limitation, and the Executive's estate and/or beneficiaries
shall be entitled to receive, benefits at least equal to the most favorable
benefits provided by the Company and affiliated companies to the estates and
beneficiaries of peer executives of the Company and such affiliated companies
under such plans, programs, practices and policies relating to death benefits,
if any, as in effect with respect to

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other peer executives and their beneficiaries at any time during the 120-day
period immediately preceding the Effective Date or, if more favorable to the
Executive's estate and/or the Executive's beneficiaries, as in effect on the
date of the Executive's death with respect to other peer executives of the
Company and its affiliated companies and their beneficiaries.

      (c)  Disability.  If the Executive's employment is terminated by reason of
the Executive's Disability during the Employment Period, this Agreement shall
terminate without further obligations to the Executive, other than for payment
of Accrued Obligations and the timely payment or provision of Other Benefits.
Accrued Obligations shall be paid to the Executive in a lump sum in cash within
20 days of the Date of Termination. With respect to the provision of Other
Benefits, the term Other Benefits as utilized in this Section 6(c) shall
include, and the Executive shall be entitled after the Disability Effective Date
to receive, disability and other benefits at least equal to the most favorable
of those generally provided by the Company and its affiliated companies to
disabled executives and/or their families in accordance with such plans,
programs, practices and policies relating to disability, if any, as in effect
generally with respect to other peer executives and their families at any time
during the 120-day period immediately preceding the Effective Date or, if more
favorable to the Executive and/or the Executive's family, as in effect at any
time thereafter generally with respect to other peer executives of the Company
and its affiliated companies and their families.

      (d)  Cause; Other than for Good Reason. If the Executive's employment
shall be terminated for Cause during the Employment Period, this Agreement shall
terminate without further obligations to the Executive other than the obligation
to pay to the Executive (i) the Annual Base Salary through the Date of
Termination, (ii) the amount of any compensation previously deferred by the
Executive, and (iii) Other Benefits, in each case to the extent theretofore
unpaid. If the Executive voluntarily terminates employment during the Employment
Period, excluding a termination for Good Reason, this Agreement shall terminate
without further obligations to the Executive, other than for Accrued Obligations
and the timely payment or provision of Other Benefits. In such case, all Accrued
Obligations shall be paid to the Executive in a lump sum in cash within 20 days
of the Date of Termination.

7.  NON-EXCLUSIVITY OF RIGHTS.

      Nothing in this Agreement shall prevent or limit the Executive's
continuing or future participation in any plan, program, policy or practice
provided by the Company or any of its affiliated companies and for which the
Executive may qualify, nor, subject to Section 12(f), shall anything herein
limit or otherwise affect such rights as the Executive may have under any
contract or agreement with the Company or any of its affiliated companies.
Amounts which are vested benefits or which the Executive is otherwise entitled
to receive under any plan, policy, practice or program of or any contract or
agreement with the Company or any of its affiliated companies, at or subsequent
to the Date of Termination shall be payable in accordance with such plan,
policy, practice or program or contract or agreement except as explicitly
modified by this Agreement.

8.  FULL SETTLEMENT; LEGAL FEES.

     The Company's obligation to make the payments provided for in this
Agreement and otherwise to perform its obligations hereunder shall not be
affected by any set-off, counterclaim, recoupment, defense or other claim, right
or action which the Company may have against the Executive or others. In no
event shall the Executive be obligated to seek other employment or

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take any other action by way of mitigation of the amounts payable to the
Executive under any of the provisions of this Agreement and except as
specifically provided in Section 6(a)(iii), such amounts shall not be reduced
whether or not the Executive obtains other employment. The Company agrees to pay
as incurred, to the full extent permitted by law, all legal fees and expenses
which the Executive may reasonably incur as a result of any contest (regardless
of the outcome thereof) by the Company, the Executive or others of the validity
or enforceability of, or liability or entitlement under, any provision of this
Agreement or any guarantee of performance thereof (whether such contest is
between the Company and the Executive or between either of them and any
third party, and including as a result of any contest by the Executive about the
amount of any payment pursuant to this Agreement), plus in each case interest on
any delayed payment at the applicable Federal rate provided for in Section
7872(f)(2)(A) of the Internal Revenue Code of 1986, as amended (the "Code").

9.  CERTAIN ADDITIONAL PAYMENTS BY THE COMPANY.

      (a)  Anything in this Agreement to the contrary notwithstanding,
in the event it shall be determined that any payment or distribution by the
Company to or for the benefit of the Executive (whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or
otherwise, but determined without regard to any additional payments required
under this Section 9) (a "Payment") would be subject to the excise tax imposed
by Section 4999 of the Code or any corresponding provisions of state or local
tax laws, or any interest or penalties are incurred by the Executive with
respect to such excise tax (such excise tax, together with any such interest and
penalties, are hereinafter collectively referred to as the "Excise Tax"), then
the Executive shall be entitled to receive an additional payment (a "Gross-Up
Payment") in an amount such that after payment by the Executive of all taxes
(including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income taxes (and any interest and penalties
imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment,
the Executive retains an amount of the Gross-Up Payment equal to the Excise Tax
imposed upon the Payments.

      (b)  Subject to the provisions of Section 9(c), all determinations
required to be made under this Section 9, including whether and when a Gross-Up
Payment is required and the amount of such Gross-Up Payment and the assumptions
to be utilized in arriving at such determination, shall be made by
PricewaterhouseCoopers LLP or such other certified public accounting firm as may
be designated by the Executive (the "Accounting Firm"), which shall provide
detailed supporting calculations both to the Company and the Executive within 15
business days of the receipt of notice from the Executive that there has been a
Payment, or such earlier time as is requested by the Company. In the event that
the Accounting Firm is serving as accountant or auditor for the individual,
entity or group effecting the Change of Control, the Executive shall appoint
another nationally recognized accounting firm to make the determinations
required hereunder (which accounting firm shall then be referred to as the
Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall
be borne solely by the Company. Any Gross-Up Payment, as determined pursuant to
this Section 9, shall be paid by the Company to the Executive within five days
of the receipt of the Accounting Firm's determination.  Any determination by the
Accounting Firm shall be binding upon the Company and the Executive. As a result
of the uncertainty in the application of Section 4999 of the Code at the time of
the initial determination by the Accounting Firm hereunder, it is possible that
Gross-Up Payments which will not have been made by the Company should have been
made

                                 Page 10 of 14
<PAGE>
("Underpayment"), consistent with the calculations required to be made
hereunder. In the event that the Company exhausts its remedies pursuant to
Section 9(c) and the Executive thereafter is required to make a payment of any
Excise Tax, the Accounting Firm shall determine the amount of the Underpayment
that has occurred and any such Underpayment shall be promptly paid by the
Company to or for the benefit of the Executive.

      (c)  The Executive shall notify the Company in writing of any claim by the
Internal Revenue Service that, if successful, would require the payment by the
Company of the Gross-Up Payment. Such notification shall be given as soon as
practicable but no later than ten business days after the Executive is informed
in writing of such claim and shall apprise the Company of the nature of such
claim and the date on which such claim is requested to be paid.  The Executive
shall not pay such claim prior to the expiration of the 30-day period following
the date on which the Executive gives such notice to the Company (or such
shorter period ending on the date that any payment of taxes with respect to such
claim is due). If the Company notifies the Executive in writing prior to
the expiration of such period that it desires to contest such claim, the
Executive shall:

        (i)   give the Company any information reasonably requested by
  the Company relating to such claim,

        (ii)  take such action in connection with contesting such claim
  as the Company shall reasonably request in writing from time to time,
  including, without limitation, accepting legal representation with respect to
  such claim by an attorney reasonably selected by the Company,

        (iii) cooperate with the Company in good faith in order effectively to
  contest such claim, and

        (iv)  permit the Company to participate in any proceedings relating to
  such claim;

provided, however, that the Company shall bear and pay directly
all costs and expenses (including additional interest and penalties) incurred in
connection with such contest and shall indemnify and hold the Executive
harmless, on an after-tax basis, for any Excise Tax or income tax (including
interest and penalties with respect thereto) imposed as a result of such
representation and payment of costs and expenses. Without limitation on the
foregoing provisions of this Section 9(c), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may
pursue or forgo any and all administrative appeals, proceedings, hearings and
conferences with the taxing authority in respect of such claim and may, at
its sole option, either direct the Executive to pay the tax claimed and sue for
a refund or contest the claim in any permissible manner, and the Executive
agrees to prosecute such contest to a determination before any administrative
tribunal, in a court of initial jurisdiction and in one or more appellate
courts, as the Company shall determine; provided, however, that if the Company
directs the Executive to pay such claim and sue for a refund, the Company shall
advance the amount of such payment to the Executive, on an interest-free basis
and shall indemnify and hold the Executive harmless, on an after-tax basis, from
any Excise Tax or income tax (including interest or penalties with respect
thereto) imposed with respect to such advance or with respect to any imputed
income with respect to such advance; and further provided that any extension of
the statute of limitations relating to payment of taxes for the taxable year of
the Executive with respect to which such contested amount is claimed to be due
is limited solely to such contested amount. Furthermore, the Company's control
of the contest shall be limited to issues with respect to which a Gross-Up
Payment would be payable hereunder

                                Page 11 of 14

<PAGE>
and the Executive shall be entitled to settle or contest, as the case may be,
any other issue raised by the Internal Revenue Service or any other taxing
authority.

      (d)  If, after the receipt by the Executive of an amount advanced by the
Company pursuant to Section 9(c), the Executive becomes entitled to receive any
refund with respect to such claim, the Executive shall (subject to the Company's
complying with the requirements of Section 9(c)) promptly pay to the Company the
amount of such refund (together with any interest paid or credited thereon after
taxes applicable thereto). If, after the receipt by the Executive of an amount
advanced by the Company pursuant to Section 9(c), a determination is made that
the Executive shall not be entitled to any refund with respect to such claim and
the Company does not notify the Executive in writing of its intent to contest
such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to
be repaid and the amount of such advance shall offset, to the extent
thereof, the amount of Gross-Up Payment required to be paid.

10. CONFIDENTIAL INFORMATION.

     The Executive shall hold in a fiduciary capacity for the benefit of the
Company all secret or confidential information, knowledge or data relating to
the Company or any of its affiliated companies, and their respective businesses,
which shall have been obtained by the Executive during the Executive's
employment by the Company or any of its affiliated companies and which shall not
be or become public knowledge (other than by acts by the Executive or
representatives of the Executive in violation of this Agreement). After
termination of the Executive's employment with the Company, the Executive shall
not, without the prior written consent of the Company or as may otherwise be
required by law or legal process, communicate or divulge any such information,
knowledge or data to anyone other than the Company and those designated by it.
In no event shall an asserted violation of the provisions of this Section 10
constitute a basis for deferring or withholding any amounts otherwise payable to
the Executive under this Agreement.

11. SUCCESSORS.

      (a)  This Agreement is personal to the Executive and without the
prior written consent of the Company shall not be assignable by the Executive
otherwise than by will or the laws of descent and distribution. This Agreement
shall inure to the benefit of and be enforceable by the Executive's legal
representatives.

      (b)  This Agreement shall inure to the benefit of and be binding
upon the Company and its successors and assigns.

      (c)  The Company will require any successor (whether direct or
indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume
expressly and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform it if no such succession
had taken place. As used in this Agreement, "Company" shall mean the Company as
hereinbefore defined and any successor to its business and/or assets as
aforesaid which assumes and agrees to perform this Agreement by operation of
law, or otherwise.

12. MISCELLANEOUS.

      (a)  This Agreement shall be governed by and construed in accordance with
the laws of the State of Oklahoma, without reference to principles of conflict
of laws. The captions of this Agreement are not part of the provisions hereof
and shall have no force or effect. This

                                Page 12 of 14

<PAGE>
Agreement may not be amended or modified otherwise than by a written agreement
executed by the parties hereto or their respective successors and legal
representatives.  Any suit, action or proceeding seeking to enforce any
provision of, or based on any matter arising out of or in connection with, this
Agreement or the transactions contemplated hereby may be brought only in any
federal or state court located in Tulsa County, Oklahoma, and each of the
parties hereby consents to the jurisdiction of such courts (and of the
appropriate appellate courts therefrom) in any such suit, action or proceeding
and irrevocably waives, to the fullest extent permitted by law, any objection
which it may now or hereafter have to the laying of the venue of any such suit,
action or proceeding in any such court or that any such suit, action or
proceeding which is brought in any such court has been brought in an
inconvenient forum.

      (b)  All notices and other communications hereunder shall be in writing
and shall be given by hand delivery to the other party or by registered or
certified mail, return receipt requested, postage prepaid, addressed as follows:

If to the Executive:

If to the Company:

1000 Kensington Tower
7130 South Lewis
Tulsa, Oklahoma 74136
Attention: General Counsel

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

      (c)  The invalidity or unenforceability of any provision of this Agreement
shall not affect the validity or enforceability of any other provision of this
Agreement.

      (d)  The Company may withhold from any amounts payable under this
Agreement such Federal, state, local or foreign taxes as shall be required to be
withheld pursuant to any applicable law or regulation.

      (e)  The Executive's or the Company's failure to insist upon strict
compliance with any provision hereof or any other provision of this Agreement or
the failure to assert any right the Executive or the Company may have hereunder,
including, without limitation, the right of the Executive to terminate
employment for Good Reason pursuant to Section 5(c)(i)-(v) of this Agreement,
shall not be deemed to be a waiver of such provision or right or any other
provision or right of this Agreement.

      (f)  The Executive and the Company acknowledge that, except as may
otherwise be provided under any other written agreement between the Executive
and the Company, the employment of the Executive by the Company is "at will"
and, prior to the Effective Date, the Executive's employment may be terminated
by either the Executive or the Company at any time

                                Page 13 of 14
<PAGE>
prior to the Effective Date, in which case the Executive shall have no further
rights under this Agreement.  From and after the Effective Date, this Agreement
shall supersede any other agreement between the parties with respect to the
subject matter hereof.

     In Witness Whereof, the Executive has hereunto set the Executive's hand
and, pursuant to the authorization from its Board of Directors, the Company has
caused this Agreement to be executed in its name on its behalf, all as of the
day and year first above written.

_______________________________________
[Name]

UNIT CORPORATION

_______________________________________
By: King P. Kirchner
Chairman of the Board of Directors

                                Page 14 of 14ESCROW AGREEMENT IN ACCORDANCE WITH RULE 419

                       UNDER THE SECURITIES ACT OF 1933

     ESCROW  AGREEMENT  dated as of February 28, 2001 (the  "Agreement")  by and
between  Britannia  Capital Corp., a Delaware  corporation  (the  "Company") and
Adams  Davis  Co.  (the  "Escrow  Agent")   (collectively   the  "Parties"  and,
individually, a "Party").

     The Company,  through its President,  will sell in its public offering (the
"Offering")  up to 1,000,000  units (the  "Units")  each Unit  consisting of one
share of common stock,  par value $.001 (the "Shares") one class A warrant,  one
class B warrant, one class C warrant, and one class D warrant. (the "Warrants"),
as more fully described in the Company's definitive  Prospectus  comprising part
of  the  Company's  Registration  Statement  on  Form  SB-2  (the  "Registration
Statement")  under the Securities Act of 1933, (the "Securities  Act") (File No.
333-36684) when declared effective (the "Prospectus").

      The Company  desires that the Escrow  Agent accept all offering  proceeds,
 with no  deductions  for amounts  permitted to be released to the Company under
 Rule 419 to the  Securities  Act ("Rule 419"), a copy of which rule is attached
 hereto and made a part  hereof,  to be derived by the Company  from the sale of
 the  Units  (the  "Offering  Proceeds"),  as  well  as the  share  and  warrant
 certificates  representing the Shares and Warrants, which constitute the Units,
 issued in connection with the Offering,  in escrow, to be held and disbursed as
 hereinafter provided.

      NOW,  THEREFORE,  in  consideration  of the promises and mutual  covenants
 hereinafter set forth, the Parties agree as follows:

 1.   Appointment of Escrow Agent.

      The Company hereby appoints the Escrow Agent to act in accordance with and
 subject to the terms of this  Agreement;  and the Escrow Agent  hereby  accepts
 such appointment and will act in accordance with and subject to such terms.

 2.   Deposit of Offering Proceeds and Share Certificates.

      Subject  to Rule  419,  upon  the  Company's  receipt  and  acceptance  of
 subscriptions and Offering Proceeds,  the Company shall promptly deliver to the
 Escrow Agent such checks in the aggregate amount of the Offering Proceeds drawn
 to the order of the Escrow  Agent or,  alternatively,  in the event that checks
 are drawn to the order of the  Company,  they shall be  endorsed by the Company
 for collection by the Escrow Agent and credited to the Escrow Account.

     All share and warrant  certificates  representing  the Shares and Warrants,
respectively,  issued in connection with the Offering shall also be deposited by
the  Company  directly  into the Escrow  Account  promptly  upon  issuance.  The
identity of the purchasers of the securities  shall be included on the stock and
warrant certificates and other documents evidencing such securities.  Securities
held in the Escrow  Account are to remain as issued and  deposited  and shall be
held for the sole benefit of the  purchasers,  who shall have voting rights with
respect to securities held in their names.  No transfer or other  disposition of
securities held in the Escrow Account or any interest related to such securities
shall be permitted  other than by will or the laws of descent and  distribution,
or pursuant to a qualified  domestic  relations order as defined by the Internal
Revenue Code of 1986 as amended,  or Title 1 of the Employee  Retirement  Income
Security Act and the rules thereunder.

     Warrants held in the Escrow Account may not be exercised.

 <PAGE>

 3.   Disbursement of the Escrow Account.

      Upon  the  earlier  of  (i)  receipt  by  the  Escrow  Agent  of a  signed
 representation  from the Company to the Escrow Agent,  that the requirements of
 Rule  419 have  been  met,  and  consummation  of an  acquisition  meeting  the
 requirements of Rule 419 or (ii) written  notification  from the Company to the
 Escrow  Agent to deliver  the  Offering  Proceeds  to another  escrow  agent in
 accordance  with  Paragraph  4 then,  in such  event,  the Escrow  Agent  shall
 disburse  the Offering  Proceeds  (inclusive  of any  interest  thereon) to the
 Company and the securities to the purchasers or registered  holders  identified
 on the deposited  securities or deliver the Offering Proceeds and securities to
 such other escrow agent,  as the case may be,  whereupon the Escrow Agent shall
 be released from further liability hereunder.

      Notwithstanding the foregoing,  if the Company has not informed the Escrow
 Agent  within 18 months  after the date of the  Prospects  in  writing  that an
 acquisition  meeting the  requirements of Rule 419 has occurred,  funds held in
 the Escrow  Account  shall be returned  by first  class mail or equally  prompt
 means pro rata to the purchasers and all securities  held in the Escrow Account
 shall be returned to the Company within five business days following that date.

 4.   Concerning the Escrow Agent.

      The Escrow  Agent shall not be liable for any actions  taken or omitted by
 it, or any  action  suffered  by it to be taken or omitted by it, in good faith
 and in the exercise of its own best  judgment,  and may rely  conclusively  and
 shall be  protected  in acting  upon any  order,  notice  demand,  certificate,
 opinion or advice of counsel  (including  counsel  chosen by the Escrow Agent),
 statement,  instrument,  report or other paper or document  (not only as to its
 due execution and the validity and effectiveness of its provision,  but also as
 to the truth and acceptability of any information  therein  contained) which is
 believed by the Escrow Agent to be genuine and to be signed or presented by the
 proper person or person.

      The  Escrow  Agent  shall  not be bound by any  notice or  demand,  or any
 waiver,  modification,  termination  or  rescission  of this  Agreement  unless
 evidenced by a writing delivered to the Escrow Agent signed by the proper Party
 or  Parties  and,  if the duties or rights of the  Escrow  Agent are  affected,
 unless it shall have given its prior written consent thereto.

      The Escrow Agent shall not be responsible for the sufficiency or accuracy,
 the form of, or the execution validity, value or genuineness of any document or
 property  received,  held or delivered by it hereunder,  or of any signature or
 endorsement  thereon,  or for  any  lack  of  endorsement  thereon,  or for any
 description therein, nor shall the Escrow Agent be responsible or liable in any
 respect on account of the identity, authority or rights of the person executing
 or delivering or purporting to execute or deliver any document or property paid
 or delivered by the Escrow Agent under the provisions hereof.

 <PAGE>

      The Escrow Agent shall not be liable for any loss which may be incurred by
 reason of any investment of any monies or properties  which it holds hereunder.
 The Escrow  Agent  shall have the right to  assume,  in the  absence of written
 notice to the  contrary  from the proper  person or persons,  that a fact or an
 event by reason of which an action  would or might be taken by the Escrow Agent
 does not exist or has not occurred,  without incurring liability for any action
 taken or omitted,  in good faith and in the exercise of its own best  judgment,
 in reliance upon such assumption.

      The Escrow  Agent shall be  indemnified  and held  harmless by the Company
 from and against any expenses,  including  counsel fees and  disbursements,  or
 loss suffered by the Escrow Agent in connection with any action,  suit or other
 proceeding  involving  any claim,  or in  connection  with any claim or demand,
 which in any way  directly  or  indirectly  arises  out of or  relates  to this
 Agreement,  the  services of the Escrow  Agent  hereunder,  the monies or other
 property held by it hereunder or any such expense or loss.  Promptly  after the
 receipt  by  the  Escrow  Agent  of  notice  of  any  demand  or  claim  or the
 commencement  of any action,  suit or proceeding,  the Escrow Agent shall, if a
 claim in respect  thereof shall be made against the other Parties,  notify such
 Parties in  writing;  but the  failure by the Escrow  Agent to give such notice
 shall not relieve any Party form any liability which such Party may have to the
 Escrow Agent hereunder.  Upon the receipt of such notice,  the Escrow Agent, in
 its sole discretion, may commence an action in the nature of interpleader in an
 appropriate  court to determine  ownership or disposition of the Escrow Account
 or it may deposit the Escrow Account with the clerk of any appropriate court or
 it may retain the Escrow  Account  pending  receipt of a final,  non-appealable
 order of a court having  jurisdiction over all of the Parties directing to whom
 and  under  what  circumstances  the  Escrow  Account  is to be  disbursed  and
 delivered.

     The Escrow  Agent  shall be entitled to  reasonable  compensation  from the
 Company for all services rendered by it hereunder.

      From time to time on and after the date hereof,  the Company shall deliver
 or cause to be  delivered  to the  Escrow  Agent  such  further  documents  and
 instruments  and shall do or cause to be done such  further  acts as the Escrow
 Agent shall reasonably request (it being understood that the Escrow Agent shall
 have no  obligation  to make such  request) to carry out more  effectively  the
 provisions and purposes of this Agreement,  to evidence  compliance herewith or
 to assure itself that it is protected in acting hereunder.

      The Escrow Agent may resign at any time and be discharged  from its duties
 as Escrow Agent  hereunder by its giving the Company at least thirty (30) days'
 prior written notice thereof. As soon as practicable after its resignation, the
 Escrow  Agent  shall turn over to a successor  escrow  agent  appointed  by the
 Company,  all monies and  property  held  hereunder  upon  presentation  of the
 document  appointing the new escrow agent and its acceptance thereof. If no new
 escrow agent is so appointed in the sixty (60) day period  following the giving
 of such notice of resignation,  the Escrow Agent may deposit the Escrow Account
 with any court it deems appropriate.

      The Escrow Agent shall resign and be discharged  form its duties as Escrow
 Agent  hereunder  if so  requested  in  writing  at any  time  by the  Company,
 provided,  however,  that such  resignation  shall become  effective  only upon
 acceptance  of  appointment  by a successor  escrow  agent as  provided  above.
 Notwithstanding  anything herein to the contrary, the Escrow Agent shall not be
 relieved  from  liability  thereunder  for its own gross  negligence or its own
 willful misconduct.

 <PAGE>

    5. Miscellaneous.

     This Agreement  shall for all purposes be deemed to be made under and shall
be construed in accordance with the internal laws of the State of Delaware.

     This Agreement contains the entire agreement of the Parties with respect to
the subject matter hereof and, except as expressly  provided herein,  may not be
changed or modified except by an instrument in writing signed by the Party to be
charged.

     The headings  contained in this  Agreement are for reference  purposes only
and shall not affect in any way the meaning or interpretation thereof.

     This  Agreement  shall be  binding  upon and  inure to the  benefit  of the
respective Parties and their legal representatives, successors and assigns.

     Any notice or other communication  required or which may be given hereunder
shall be in writing and either be delivered  personally or be mailed,  certified
or registered mail,  return receipt  requested,  postage  prepaid,  and shall be
deemed given when so delivered  personally or, if mailed, two (2) days after the
date of mailing.  The Parties may change the persons and  addresses to which the
notices or other  communications  are to be sent by giving written notice to any
such change in the manner provided herein for giving notice.

     WITNESS the execution of this Agreement as of the date first above written.

                              BRITANNIA CAPITAL CORP.

                              By: /s/Shane Lowry
                                  ------------------------------
                                  Shane Lowry, President

     This Escrow Agreement is accepted as of the 28th day of February, 2001.

         ADAMS DAVIS CO.

         By:  /s/Robert Cashman
             --------------------------
              Robert Cashman, President

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