Document:

INDEPENDENT CONSULTANT SERVICES AGREEMENT

EXHIBIT 10.5

INDEPENDENT CONSULTANT SERVICES AGREEMENT

This Independent Consultant Services Agreement (the "Agreement") is entered this 30th day of June, 2009 by and between Langston Family Limited Partnership and its representive, Joseph F. (“Chip”) Langston, and individual residing at 10210 Hwy. 243, Kaufman, Texas 75142 (the "Consultant"), and Glen Rose Petroleum Corporation a Delaware corporation having a principal place of business at, Suite 200 4925 Greenville Ave., Dallas, Texas 75206 (the "Client").  

The Client desires to be assured of the association and services of the Consultant in order to avail itself of the Consultant’s experience, skills, abilities, knowledge, and background to facilitate proper management, accounting and finance activities and such other duties and responsibilities as requested by the Company,.  Therefore, the Company is willing to engage the Consultant upon the terms and conditions set forth herein. The Consultant agrees to be engaged and retained by the Client and upon the terms and conditions set forth herein.

This Independent Consultant Services Agreement supersedes any previous agreements between the Consultant and the Client.

NOW, THEREFORE, in consideration of the foregoing, of the mutual promises hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

1.

Engagement

Client hereby engages the Consultant for one half of his business activity, and Consultant hereby accepts the engagement to become President and Chief Financial Officer to the Client and to render such services consistent with those duties and responsibilities, including, but not limited to:

a. 

Corporate planning, strategy and negotiations with potential strategic business partners and/or other general business consulting needs as expressed by Client;

b. 

Management over the monthly operating, corporate and accounting activities affairs of the Client;

c.

Development of Strategic Business Plans;

d.

Creating operating budgets and pro formas;

e.

Reporting to regulatory agencies such as the Securities and Exchange Commission, NASDAQ and the Texas Railroad Commission. .

f.

Banking, and insurance;

j.

Public relations, and capital formation.

k.

Such other duties and responsibilities as may be requested by the Board of Directors.  

Page 1 of 4

2.  

Compensation 

2.1 

Base Consulting Fee:  Starting on July 1, 2009, Client will pay Consultant a monthly fee of $12,500, at the first of each month. 

2.2 

Reimbursement:  Consultant will be reimbursed for automobile expenses and insurance, health insurance, and reasonable out of pocket expenses.  

2.3

Initial Stock Options:  On June 30, 2009, the Board of Directors of the Client grant to consultant 500,000 stock purchase options. Half were immediately vested, and half after six month. The options were priced at the average closing bid price for the calendar quarter prior to vesting.  

2.3

Bonuses:  The Board of Directors of the Client can grant additional compensation in cash, stock, warrants, options or other means. This additional compensation will not alter or affect the consulting fee salary. 

3.

Independent Consultant Relationship

Consultant's relationship with Client is that of an Independent Consultant, and nothing in this Agreement is intended to, or should be construed to; create a partnership, agency, joint venture or employment relationship. Consultant will not be entitled to any of the benefits which Client may make available to its employees. Consultant is solely responsible for, and will file, on a timely basis, all tax returns and payments required to be filed with, or made to, any federal, state or local tax authority with respect to the performance of services and receipt of fees under this Agreement. Consultant is solely responsible for, and must maintain adequate records of, expenses incurred in the course of performing services under this Agreement. No part of Consultant's compensation will be subject to withholding by Client for the payment of any social security, federal, state or any other employee payroll taxes. Client will regularly report amounts paid to Consultant by filing Form 1099-MISC with the Internal Revenue Service as required by law.

4.

Term and Termination

4.1

Term:  This Agreement is effective as of the Effective Date set forth above and will have an initial term of one year (12 months), subject to renewal upon mutual agreement of the Client and Consultant.  The agreement can be renewed and/or expended anytime during its term. However, unless renewed, this Agreement shall terminate upon the completion of the initial term.    

4.2

Termination by the Consultant:  The Consultant can terminate the Agreement anytime upon 30 days written notice. 

4.3

Termination by the Client:   

(a) 

Except for the provisions set forth in Section 4.3(b) below, the Client can not terminate the Agreement without demonstration of fraud. The Client must first notify the Consultant by formal written notice. The Client will have 30 days after receipt of notice to cure the default. If there is no remedy or mutual agreement, the Parties agree to binding arbitration in Dallas, Texas. 

(b) 

In the event of a transaction in which there is a change of control of the stock of the Client (evidenced by a change of ownership of the majority of the outstanding stock of the Company upon the consummation of such transaction), the Client can terminate this Agreement at such time.  In such event, the Client will pay Consultant for three (3) further months of service in cash and three (3) months equivalent salary in stock options.

5.

Confidentiality 

   

Agent will hold in strictest confidence all material information of the Principal. 

Page 2 of 4

6.

General Provisions

6.1 

Successors and Assigns:  Consultant may not subcontract or otherwise delegate Consultant's obligations under this Agreement without Client's prior written consent. Subject to the foregoing, this Agreement will be for the benefit of Client's successors and assigns, and will be binding on Consultant's assignees.

6.2 

Notices:  Any notice required   is by certified or registered mail, return receipt requested, upon verification of receipt. Notice shall be sent to the addresses set forth above or to such other address as either party may specify in writing.

6.3 

Governing Law:  This Agreement shall be governed in all respects by the laws of the United States of America and by the laws of the State of Texas.

            

6.4 

Severability:  If any provision of this Agreement is held by a court of law to be illegal, invalid or unenforceable, (i) that provision shall be deemed amended to achieve as nearly as possible the same economic effect as the original provision, and (ii) the legality, validity and enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby.

6.5 

Waiver; Amendment; Modification:  No term or provision hereof will be considered waived by Client, and no breach excused by Client, unless such waiver or consent is in writing signed by Client. The waiver by Client of, or consent by Client to, a breach of any provision of this Agreement by Consultant, shall not operate or be construed as a waiver of, consent to, or excuse of any other or subsequent breach by Consultant. This Agreement may be amended or modified only by mutual agreement of authorized representatives of the parties in writing.

6.6

Limitation of Liability:   In no event shall Consultant be liable for any loss of profit or revenue by Client, or for any other consequential, incidental, indirect damages incurred or suffered by Client arising as a result of or related to Consultant’s work, whether in contract, tort, or otherwise, except for fraud by the Consultant. 

6.7

Entire Agreement:  This Agreement constitutes the entire agreement between the parties relating to this subject matter and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The terms of this Agreement will govern all services undertaken by the Consultant for the Client after the Effective Date. 

Page 3 of 4

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

					
	GLEN ROSE PETROLEUM CORP.

	 
	JOSEPH F. LANGSTON JR.

	 
	 
	 

	 
	 
	 

	By:

	 
	 
	By:

	 

	 
	 
	 
	 
	 

	Date:

	 
	 
	Date:

	 

	 
	 
	 
	 
	 

	Name: 

	Paul Hickey

	 
	Name: 

	Joseph F. Langston Jr.

	 
	 
	 
	 
	 

	Title: 

	Chairman of the Audit and Compensation Committee

	 
	Title: 

	Consultant

Page 4 of 4ex1027.htm

    
      

      

    

    

     

    Dated
29TH
JUNE 2009

     

    ------------

     

    Option
agreement

     

    

    relating
to

    

     

      UNIT
8,

     

     

    E
PLAN INDUSTRIAL ESTATE

     

     

    NEWHAVEN

     

    

    between

    

     

    QUENTIN
KING

     

    

    and

    

     

    CLEAN
POWER TECHNOLOGIES LIMITED

     

    
      

    

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    THIS AGREEMENT is dated
29th
June 2009

     

     

    Parties

     

    
      	
              (1)  

            	
              Quentin
      King of Unit 4 E Plan Industrial Estate, New Road, Newhaven, East Sussex,
      BN9 0EH (Owner).

            

    

     

    
      	
              (2)  

            	
              Clean
      Power Technologies Limited incorporated and registered in England and
      Wales with company number 5812360 whose registered office is at Wiston
      House, 1 Wiston Avenue, Worthing, West Sussex, BN14 7QL (Buyer).

            

    

     

    Background

     

    
      	
              (A)  

            	
              The Owner owns the property Unit 8 E Plan Industrial Estate,
      Newhaven and has agreed to grant the Buyer an option to buy it in
      accordance with the terms of this
agreement.

            

    

     

    Agreed
terms

     

    
      	
              1.  

            	
              Interpretation

            

    

     

    
      	
              1.1  

            	
              The
      definitions in this clause apply in this
  agreement.

            

    

     

    Completion Date: the date 4 weeks after the
date of service of the Option Notice.

     

    Deposit: £42,500 (exclusive of
VAT).

     

    Independent Valuation: the
price agreed between the Owner and the Buyer but in default of agreement a
valuation of the Open Market Value of the Property prepared by the Independent
Valuer

     

    Independent Valuer: a Surveyor
appointed jointly by the Landlord and the Tenant or in default of agreement by
the President of the RICS

     

    Open Market Value: the price
at which the Property might reasonably be expected to be sold at on the open
market with vacant possession at the date of the Option Notice disregarding the
existence of the leases under which the Buyer occupies the Property

     

    Option: the option granted by the
Owner to the Buyer by this agreement.

     

    Option Notice: a notice served by the
Tenant on the Landlord notifying the Landlord of its intention to exercise the
Option

     

    Option Period: The period of 28 days
commencing on the date that the Landlord provides the Tenant with the
Independent Valuation or the date on which the Purchase Price is agreed between
the Owner and the Buyer

     

    Option Sum: £1 (exclusive of
VAT).

     

    Owner's Conveyancer: Stephen Rimmer LLP, 28 Hyde
Gardens, Eastbourne, East Sussex, BN21 4PX, Fax 01323 733034, Ref
MP.KP.King

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    Part 1 Conditions: the conditions in Part 1 of
the Standard Commercial Property Conditions (Second Edition) and Condition means any one of
them.

     

    Part 2 Conditions: the conditions in Part 2 of
the Standard Commercial Property Conditions (Second Edition).

     

    Property: the freehold property at
Unit 8 E Plan Industrial Estate, New Road, Newhaven shown more particularly
delineated in red on the plan attached to this agreement and being registered at
HM Land Registry with title absolute under title number ESX231882

     

    Purchase Price: the greater of:

    

    
      	
               
      

            	
              1.

            	
              the
      price stated in the Independent Valuation (exclusive of
    VAT)

            

    

    
      	
               
      

            	
              2.

            	
              £425,000
      (exclusive of VAT)

            

    

    

    VAT: value added tax chargeable
under the Value Added Tax Act 1994 and any similar replacement tax and any
similar additional tax.

     

    Working Day: any day from Monday to
Friday (inclusive) which is not Christmas Day, Good Friday or a statutory Bank
Holiday.

     

    
      	
              1.2  

            	
              The
      rules of interpretation in this clause apply in this
      agreement.

            

    

     

    
      	
              1.3  

            	
              Clause
      and Schedule headings do not affect the interpretation of this
      agreement.

            

    

     

    
      	
              1.4  

            	
              Except
      where a contrary intention appears, a reference to a clause or a Schedule
      is a reference to a clause of, or Schedule to this
    agreement.

            

    

     

    
      	
              1.5  

            	
              Unless
      otherwise specified, a reference to a law is a reference to it as it is in
      force for the time being taking account of any amendment, extension,
      application or re-enactment and includes any subordinate legislation for
      the time being in force made under
it.

            

    

     

    
      	
              1.6  

            	
              A
      person includes a
      corporate or unincorporated body.

            

    

     

    
      	
              1.7  

            	
              Writing or written includes faxes
      but not e-mail.

            

    

     

    
      	
              1.8  

            	
              Any
      obligation in this agreement on a person not to do something includes an
      obligation not to agree or allow that thing to be
  done.

            

    

     

    
      	
              1.9  

            	
              Any
      reference to the Owner includes its
      successors in title.

            

    

     

    
      	
              2.  

            	
              Option

            

    

     

    
      	
              2.1  

            	
              On
      the date of this agreement the Buyer will pay the Option Sum to the
      Owner.

            

    

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              2.2  

            	
              The
      Owner grants the Buyer an option during the Option Period to buy the
      Property at the Purchase Price.

            

    

     

    
      	
              2.3  

            	
              If
      the Property is charged, the Owner will supply written evidence to the
      Buyer that the chargee has consented to the grant of the Option and that,
      in exercising any power of sale or disposal under the charge, such
      transaction will be subject to the
Option.

            

    

     

    
      	
              2.4  

            	
              The
      Owner consents to the entry of an agreed notice against the Owner's title
      to the Property at HM Land Registry in order to protect this option
      agreement.

            

    

     

    
      	
              3.  

            	
              Title deduction

            

    

     

    
      	
              3.1  

            	
              The
      Owner's title to the Property has been deduced to the Buyer before the
      date of this agreement 

            

    

     

    
      	
              4.  

            	
              Exercise of the
option

            

    

     

    
      	
              4.1  

            	
              The
      Buyer may at any time within the period from the date hereof until the 18
      month anniversary of this agreement (inclusive) by notice in writing
      require the Owner at the Buyer’s cost (which costs the Owner shall be
      entitled to receive in advance) to obtain an Independent Valuation and the
      Owner shall within 28 days of the Buyer serving this notice on the Owner
      obtain an Independent Valuation.

            

    

     

    
      	
              4.2  

            	
              The
      Buyer shall permit the Owner and the Independent Surveyor access to the
      Property for the purposes of carrying out the Independent
      Valuation.

            

    

     

    
      	
              4.3  

            	
              The
      Buyer may exercise the Option at any time during the Option Period by
      serving an Option Notice on the
Owner.

            

    

     

    
      	
              4.4  

            	
              On
      the date of the exercise of the Option, the Buyer will pay the Deposit to
      the Owner's Conveyancer as stakeholder on terms that on completion the
      Deposit is paid to the Owner and that the accrued interest is paid to the
      Buyer.

            

    

     

    
      	
              5.  

            	
              Title guarantee

            

    

     

    
      	
              5.1  

            	
              If
      the Option is exercised in accordance with the terms of this agreement the
      Owner will sell the Property to the Buyer for the Purchase
      Price.

            

    

     

    
      	
              5.2  

            	
              The Owner will sell the Property with full title
      guarantee.

            

    

     

    
    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      	
              6.  

            	
              Default

            

    

     

    
      	
              6.1  

            	
              If
      the Owner fails to comply with any deadline in this agreement the relevant
      time period shall be extended until such time as the Owner has complied
      with his obligations.  Such extension shall not prejudice any
      rights or remedies of the Buyer.

            

    

     

    
      	
              7.  

            	
              Conditions

            

    

     

    
      	
              7.1  

            	
              Upon
      exercise of the Option, the Part 1 Conditions will be incorporated into
      this agreement in so far as they:

            

    

     

    
      	
              (a)  

            	
              apply
      to a sale by private treaty;

            

    

     

    
      	
              (b)  

            	
              relate
      to freehold property;

            

    

     

    
      	
              (c)  

            	
              are
      not inconsistent with the other clauses in this agreement;
    and

            

    

     

    
      	
              (d)  

            	
              have
      not been modified or excluded by any of the other clauses in this
      agreement.

            

    

     

    
      	
              7.2  

            	
              Upon
      exercise of the Option, the Part 2 Conditions will not be incorporated
      into this agreement.

            

    

     

    
      	
              7.3  

            	
              The
      following Conditions will not
apply:

            

    

     

    
      	
              (a)  

            	
              Conditions
      1.1.4(a), 1.3, 1.4.3

            

    

     

    
      	
              (b)  

            	
              Condition
      2.2;

            

    

     

    
      	
              (c)  

            	
              Conditions
      3.1.4 and 3.3;

            

    

     

    
      	
              (d)  

            	
              Conditions  6.6.2;

            

    

     

    
      	
              8.  

            	
              Vacant possession

            

    

     

    The
Property will be sold with vacant possession on completion.

     

    
      	
              9.  

            	
              Completion

            

    

     

    
      	
              9.1  

            	
              Completion
      will take place on the Completion
Date.

            

    

     

    
      	
              9.2  

            	
              On
      completion the Buyer will pay the balance of the Purchase Price to the
      Owner.

            

    

     

    
      	
              10.  

            	
              VAT

            

    

     

    
      	
              10.1  

            	
              Each
      amount stated to be payable by the Buyer to the Owner under or pursuant to
      this agreement is exclusive of VAT (if
any).

            

    

     

    
    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

     

    
      	
              10.2  

            	
              If
      any VAT is chargeable on any supply made by the Owner under or pursuant to
      this agreement, the Buyer will pay the Owner an amount equal to that VAT,
      subject to the Owner supplying the Buyer with a VAT invoice at the time of
      payment.

            

    

     

    
      	
              11.  

            	
              Notices

            

    

     

    
      	
              11.1  

            	
              Any
      notice (including the Option Notice) given under this agreement must be in
      writing and signed by or on behalf of the party giving
  it.

            

    

     

    
      	
              11.2  

            	
              Any
      notice or document to be given or delivered under this agreement must be
      given by delivering it personally or sending it by pre-paid recorded
      delivery to the address and for the attention of the relevant party as
      follows:

            

    

     

    
      	
              (a)  

            	
              to
      the Owner at: Unit 4 E-Plan Industrial Estate New Road Newhaven BN9
      0EH

            

    

     

    or to
such other address or fax number, or for the attention of such other person, as
was last notified in writing by the Owner to the Buyer; and

     

    
      	
              (b)  

            	
              to
      the Buyer at:

            

    

     

    Unit 7
E-Plan Industrial Estate New Road Newhaven BN9 0EH

     

    Fax No:
+44(0)1273 612309 marked for the attention of Mr Abdul Mitha

     

     or
to such other address or fax number, or for the attention of such other person,
as was last notified in writing by the Buyer to the Owner.

     

    
      	
              11.3  

            	
              Any
      such notice will be deemed to have been
  received:

            

    

     

    
      	
              (a)  

            	
              if
      delivered personally, at the time of
delivery;

            

    

     

    
      	
              (b)  

            	
              in
      the case of pre-paid first class post or recorded delivery, on the second
      Working Day after posting.

            

    

     

    
      	
              11.4  

            	
              In
      proving service it will be sufficient to prove that delivery was made or
      that the envelope containing the notice was properly addressed and posted
      as a prepaid first class or recorded delivery letter or that the fax
      message was properly addressed and transmitted, as the case may
      be.

            

    

     

    
      	
              11.5  

            	
              A
      notice given or document delivered under this agreement will not be
      validly given or delivered if sent by
e-mail

            

    

     

    
    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    
      	
              12.  

            	
              Rights of third
parties

            

    

     

    A person
who is not a party to this agreement may not enforce any of its terms under the
Contracts (Rights) of Third Parties Act 1999.

     

    
      	
              13.  

            	
              Disputes

            

    

     

    Any
dispute arising between the parties on any matter arising out of this agreement
may be referred by either party to an independent chartered surveyor agreed upon
by the parties or in default of agreement appointed by the President for the
time being of the Royal Institution of Chartered Surveyors. The surveyor will
act as an arbitrator in accordance with the Arbitration Acts.

     

    This
agreement has been entered into on the date stated at the beginning of it.

     

    IN
WITNESS whereof the parties have sent their hands the day and year first
written

     

    SIGNED as a deed for CLEAN POWER TECHNOLOGIES LTD acting
by             )   /s/ Abdul
Mitha

    Abdul
Mitha                                                                                                 
                       )

    Director
/ President/Secretary

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    SIGNED by QUENTIN KING in
the presence
of:                                                            )   /s/Quentin
King

                                                                      

    
      	
               
      

            	
              Witness
      signature: /s/
      Mark Poulton

            

    

    
      	
               
      

            	
              Name:
      Mark Poulton

            

    

    
      	
               
      

            	
              Address:
      28-30 Hyde Gardens

            

    

    
      	
               
      

            	
              Eastbourne,
      BN21 4PX  UK

            

    

    
      	
               
      

            	
              Occupation:
      Solicitor

            

    

     

    
      
         

      

      
        8

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