Document:

<PAGE>

                                                                    EXHIBIT 10.1

                                                                  EXECUTION COPY

                          REGISTRATION RIGHTS AGREEMENT

            REGISTRATION RIGHTS AGREEMENT (this "Agreement"), dated as of July
28, 2005, is by and among Superior Well Services, Inc., a Delaware corporation
(the "Company"), and each of the other parties identified on the signature pages
hereto (the "Initial Stockholders").

            WHEREAS, the Company and the Initial Stockholders have entered into
that certain Contribution Agreement dated as of May 3, 2005 (the "Contribution
Agreement"), pursuant to which the Initial Stockholders will receive shares of
Common Stock (as hereinafter defined) in exchange for their respective
partnership interests in Superior Well Services, Ltd. and Bradford Resources,
Ltd.; and

            WHEREAS, in connection with, and in consideration of, the
transactions contemplated by the Contribution Agreement, the Initial
Stockholders have requested, and the Company has agreed to provide, registration
rights with respect to the Registrable Securities (as hereinafter defined), as
set forth in this Agreement.

            NOW, THEREFORE, for and in consideration of the mutual agreements
contained herein and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto, intending to be
legally bound hereby, agree as follows:

      Section 1. Definitions. As used in this Agreement, the following terms
shall have the following meanings:

            "Common Stock" shall mean shares of the Company's Common Stock, par
value $0.01 per share.

            "Contribution Agreement" shall have the meaning set forth in the
recitals.

            "Demand Notice" shall have the meaning set forth in Section 3
hereof.

            "Demand Registration" shall have the meaning set forth in Section 3
hereof.

            "Demanding Qualified Holder Group" shall mean, with respect to any
Demand Registration, the Qualified Holder Group delivering the relevant Demand
Notice.

            "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, and the rules and regulations of the SEC promulgated thereunder.

            "Initial Public Offering" shall mean the first underwritten
registered public offering of equity securities of the Company pursuant to a
registration statement that has been declared effective under the Securities
Act.

            "Management Qualified Holder" shall mean each of David E. Wallace,
Rhys R. Reese and Jacob B. Linaberger and any other Person who becomes a
Management Qualified

<PAGE>

Holder pursuant to Section 12(c), but only to the extent any such Person
continues to hold Registrable Securities.

            "Losses" shall have the meaning set forth in Section 8 hereof.

            "Person" shall mean an individual, partnership, corporation, limited
partnership, limited liability company, foreign limited liability company,
trust, estate, corporation, custodian, trustee-executor, administrator, nominee
or entity in a representative capacity.

            "Piggyback Notice" shall have the meaning set forth in Section 4
hereof.

            "Piggyback Registration" shall have the meaning as set forth in
Section 4 hereof.

            "Proceeding" shall mean an action, claim, suit, arbitration or
proceeding (including, without limitation, an investigation or partial
proceeding, such as a deposition), whether commenced or threatened.

            "Prospectus" shall mean the prospectus included in any Registration
Statement (including, without limitation, a prospectus that discloses
information previously omitted from a prospectus filed as part of an effective
Registration Statement in reliance upon Rule 430A promulgated under the
Securities Act), as amended or supplemented by any prospectus supplement, with
respect to the terms of the offering of any portion of the Registrable
Securities covered by such Registration Statement, and all other amendments and
supplements to the Prospectus, including post-effective amendments, and all
material incorporated by reference or deemed to be incorporated by reference in
such Prospectus.

            "Qualified Holder Group" means the Management Qualified Holders,
collectively, or the Snyder Qualified Holders, collectively.

            "Qualified Public Offering" shall mean any firm commitment
underwritten offering by the Company of Common Stock to the public pursuant to
an effective registration statement under the Securities Act (i) for which the
aggregate gross cash proceeds to be received by the Company from such offering
(without deducting underwriting discounts, expenses and commissions) are at
least forty million dollars ($40,000,000), and (ii) pursuant to which the Common
Stock is listed for trading on the New York Stock Exchange or is admitted to
trading and quoted for trading on the Nasdaq National Market system.

            "Registrable Securities" shall mean, subject to the next succeeding
sentence, the shares of Common Stock (i) held by any Initial Stockholder on the
date of this Agreement, and (ii) issuable to the Initial Stockholders pursuant
to the Contribution Agreement, including, in each of cases (i) and, (ii), any
shares of Common Stock issued or distributed by way of dividend, stock split or
other distribution in respect of such shares. As to any particular Registrable
Securities, once issued, such securities shall cease to be Registrable
Securities when (i) they are sold pursuant to an effective Registration
Statement under the Securities Act, (ii) they are sold pursuant to Rule 144 (or
any similar provision then in force under the Securities Act) and the transferee
thereof does not receive "restricted securities" as defined in Rule 144, (iii)
they shall have ceased to be outstanding, (iv) they have been sold in a private
transaction in which the transferor's rights under this Agreement are not
assigned to the transferee of the securities, or (v)

                                       2

<PAGE>

they become eligible for resale pursuant to Rule 144(k) (or any similar rule
then in effect under the Securities Act). No Registrable Securities may be
registered under more than one Registration Statement at any one time.

            "Registration Statement" shall mean any registration statement of
the Company under the Securities Act which permits the public offering of any of
the Registrable Securities pursuant to the provisions of this Agreement,
including the Prospectus, amendments and supplements to such registration
statement, including post-effective amendments, all exhibits and all material
incorporated by reference or deemed to be incorporated by reference in such
registration statement, provided, however, that such Registration Statement
shall not be a "shelf" registration pursuant to Rule 415 under the Securities
Act.

            "Rule 144" shall mean Rule 144 under the Securities Act, as such
Rule may be amended from time to time, or any similar rule or regulation
hereafter adopted by the SEC.

            "SEC" shall mean the Securities and Exchange Commission or any
successor agency having jurisdiction under the Securities Act.

            "Securities Act" shall mean the Securities Act of 1933, as amended,
and the rules and regulations promulgated by the SEC thereunder.

            "Snyder Qualified Holder" shall mean each of Buffalo Valley Real
Estate Company, Thomas C. Snyder, David E. Snyder, Mark A. Snyder, the C.H.
Snyder, Jr. Grantor Retained Annuity Trust Dated November 1, 2004, Dennis C.
Snyder, Richard G. Snyder, Eastern Material Corp., Allegheny Mineral Corp.,
Armstrong Cement & Supply Corp. and Glacial Sand & Gravel Co. and any other
Person who becomes a Snyder Qualified Holder pursuant to Section 12(c), but only
to the extent such Person continues to hold Registrable Securities.

            "underwritten registration or underwritten offering" shall mean a
registration in which securities of the Company are sold to an underwriter for
reoffering to the public.

      Section 2. Holders of Registrable Securities. A Person is deemed to be a
holder of Registrable Securities whenever such Person owns Registrable
Securities or has a right to receive such Registrable Securities pursuant to the
Contribution Agreement.

      Section 3. Demand Registration.

                  (a) Requests for Registration. At any time after an Initial
Public Offering, each Qualified Holder Group shall have the right by delivering
a written notice to the Company (the "Demand Notice") to require the Company to
register, pursuant to the terms of this Agreement under and in accordance with
the provisions of the Securities Act, the number of Registrable Securities
requested to be so registered pursuant to the terms of this Agreement (a "Demand
Registration"); provided, however that a Demand Notice may only be made if the
sale of the Registrable Securities requested to be registered by such Qualified
Holder Group is reasonably expected to result in aggregate gross cash proceeds
in excess of $20,000,000. Following receipt of a Demand Notice for a Demand
Registration, the Company shall use its reasonable best efforts to file a
Registration Statement as promptly as practicable, but not later than 30 days,
after such Demand Notice, and shall use its best efforts to cause such
Registration

                                       3

<PAGE>

Statement to be declared effective under the Securities Act as promptly as
practicable after the filing thereof.

                  The Management Qualified Holders shall be entitled
collectively to a maximum of two Demand Registrations and the Snyder Qualified
Holders shall be entitled collectively to a maximum of three Demand
Registrations. Notwithstanding any other provisions of this Section 3, in no
event shall more than one Demand Registration occur during any six-month period
(measured from the effective date of the Registration Statement to the date of
the next Demand Notice) or within 120 days after the effective date of a
Registration Statement filed by the Company; provided that no Demand
Registration may be prohibited for such 120-day period more often than once in a
12-month period.

                  No Demand Registration shall be deemed to have occurred for
purposes of this Section 3(a) if the Registration Statement relating thereto
does not become effective or is not maintained effective for the period required
pursuant to this Section 3(a), in which case the Demanding Qualified Holder
Group shall be entitled to an additional Demand Registration in lieu thereof.

                  Within ten (10) days after receipt by the Company of a Demand
Notice, the Company shall give written notice (the "Notice") of such Demand
Notice to all holders of Registrable Securities and shall, subject to the
provisions of Section 3(b) hereof, include in such registration all Registrable
Securities with respect to which the Company received written requests for
inclusion therein within ten (10) days after such Notice is given by the Company
to such holders.

                  All requests made pursuant to this Section 3 will specify the
amount of Registrable Securities to be registered and the intended methods of
disposition thereof.

                  The Company shall be required to maintain the effectiveness of
the Registration Statement with respect to any Demand Registration for a period
of at least 180 days after the effective date thereof or such shorter period in
which all Registrable Securities included in such Registration Statement have
actually been sold; provided, however, that such period shall be extended for a
period of time equal to the period the holders of Registrable Securities refrain
from selling any securities included in such registration at the request of an
underwriter of the Company or the Company pursuant to this Agreement.

                  (b) Priority on Demand Registration. If any of the Registrable
Securities registered pursuant to a Demand Registration are to be sold in a firm
commitment underwritten offering, and the managing underwriter or underwriters
advise the holders of such securities in writing that in its view the total
amount of Registrable Securities proposed to be sold in such offering is such as
to adversely affect the success of such offering (including, without limitation,
securities proposed to be included by other holders of securities entitled to
include securities in the Registration Statement pursuant to incidental or
piggyback registration rights), then the amount of securities to be offered (i)
for the account of the members of the Demanding Qualified Holder Group and (ii)
for the account of all such other Persons (other than members of the Demanding
Qualified Holder Group) shall be reduced to the extent necessary to reduce the
total amount of securities to be included in such offering to the amount
recommended by such

                                       4

<PAGE>

managing underwriter or underwriters by first reducing, or eliminating if
necessary, all securities of the Company requested to be included by such other
Persons and then, if necessary, reducing the Registrable Securities requested to
be included by the members of the Demanding Qualified Holder Group, pro rata
among such members on the basis of the percentage of the Registrable Securities
requested to be included in such Registration Statement by such members. In
connection with any Demand Registration to which the provisions of this
subsection (b) apply, no securities other than Registrable Securities shall be
covered by such Demand Registration except as provided in subsection 3(d)(ii)
hereof, and such registration shall not reduce the number of available
registrations with respect to the Demanding Qualified Holder Group under this
Section 3 in the event that the Registration Statement excludes more than 25% of
the aggregate number of Registrable Securities that members of the Demanding
Qualified Holder Group requested be included.

                  (c) Postponement of Demand Registration. The Company shall be
entitled to postpone (but not more than once in any twelve month period), for a
reasonable period of time not in excess of 90 days, the filing of a Registration
Statement if the Company delivers to the members of the Demanding Qualified
Holder Group a certificate signed by both the Chief Executive Officer and Chief
Financial Officer of the Company certifying that, in the good faith judgment of
the Board of Directors of the Company, such registration and offering would
reasonably be expected to materially adversely affect or materially interfere
with any bona fide material financing of the Company or any material transaction
under consideration by the Company or would require disclosure of information
that has not been disclosed to the public, the premature disclosure of which
would materially adversely affect the Company. Such certificate shall contain a
statement of the reasons for such postponement and an approximation of the
anticipated delay. The Persons receiving such certificate shall keep the
information contained in such certificate confidential subject to the same terms
set forth in Section 6(p). If the Company shall so postpone the filing of a
Registration Statement, the Demanding Qualified Holder Group shall have the
right to withdraw the request for registration by giving written notice to the
Company within 20 days of the anticipated termination date of the postponement
period, as provided in the certificate delivered thereto, and in the event of
such withdrawal, such request shall not be counted for purposes of the number of
Demand Registrations to which the Demanding Qualified Holder Group is entitled
pursuant to the terms of this Agreement.

                  (d) Registration of Other Securities. Whenever the Company
shall effect a Demand Registration pursuant to this Section 3 in connection with
an underwritten offering, no securities other than Registrable Securities shall
be included among the securities covered by such Demand Registration unless (i)
the managing underwriter of such offering shall have advised each holder of
Registrable Securities requesting such registration in writing that it believes
that the inclusion of such other securities would not adversely affect such
offering or (ii) the inclusion of such other securities is approved by the
affirmative vote of the holders of at least a majority of the Registrable
Securities included in such Demand Registration by the members of the Demanding
Qualified Holder Group.

      Section 4. Piggyback Registration.

                  (a) Right to Piggyback. If, at any time after a Qualified
Public Offering, the Company proposes to file a registration statement under the
Securities Act with respect to an

                                       5

<PAGE>

offering of Common Stock (other than a registration statement (i) on Form S-4,
Form S-8 or any successor forms thereto, (ii) filed as a "shelf" registration
statement pursuant to Rule 415 under the Securities Act or (iii) filed solely in
connection with an exchange offer or any employee benefit or dividend
reinvestment plan), whether or not for its own account, then, each such time,
the Company shall give prompt written notice of such proposed filing at least
fifteen (15) days before the anticipated filing date (the "Piggyback Notice") to
all of the holders of Registrable Securities. The Piggyback Notice shall offer
such holders the opportunity to include in such registration statement the
number of Registrable Securities as each such holder may request (a "Piggyback
Registration"). Subject to Section 4(b) hereof, the Company shall include in
each such Piggyback Registration all Registrable Securities with respect to
which the Company has received written requests for inclusion therein within ten
(10) days after notice has been given to the applicable holder. The eligible
holders of Registrable Securities shall be permitted to withdraw all or part of
the Registrable Securities from a Piggyback Registration at any time prior to
the effective date of such Piggyback Registration. The Company shall not be
required to maintain the effectiveness of the Registration Statement for a
Piggyback Registration beyond the earlier to occur of (i) 120 days after the
effective date thereof and (ii) consummation of the distribution by the holders
of the Registrable Securities included in such Registration Statement.

                  (b) Priority on Piggyback Registrations. The Company shall use
reasonable efforts to cause the managing underwriter or underwriters of a
proposed underwritten offering to permit holders of Registrable Securities
requested to be included in the registration for such offering to include all
such Registrable Securities on the same terms and conditions as any other shares
of capital stock, if any, of the Company included therein. Notwithstanding the
foregoing, if the managing underwriter or underwriters of such underwritten
offering have informed the Company in writing that it is their good faith
opinion that the total amount of securities that such holders, the Company and
any other Persons having rights to participate in such registration, intend to
include in such offering is such as to adversely affect the success of such
offering, then the amount of securities to be offered (i) for the account of
holders of Registrable Securities and (ii) for the account of all such other
Persons (other than the Company and holders of Registrable Securities) shall be
reduced to the extent necessary to reduce the total amount of securities to be
included in such offering to the amount recommended by such managing underwriter
or underwriters by first reducing, or eliminating if necessary, all securities
of the Company requested to be included by such other Persons (other than the
Company) and then, if necessary, reducing the securities requested to be
included by the holders of Registrable Securities requesting such registration
pro rata among such holders on the basis of the percentage of the Registrable
Securities requested to be included in such Registration Statement by such
holders.

      Section 5. Restrictions on Public Sale by Holders of Registrable
Securities. Each holder of Registrable Securities agrees, in connection with the
Initial Public Offering and any underwritten offering made pursuant to a
Registration Statement filed pursuant to Section 3 or Section 4 hereof (whether
or not such holder elected to include Registrable Securities in such
Registration Statement), if requested (pursuant to a written notice) by the
managing underwriter or underwriters in an underwritten offering, not to effect
any public sale or distribution of any of the Company's securities (except as
part of such underwritten offering), including a sale pursuant to Rule 144, or
to give any Demand Notice during the period commencing on the date of the
request (which shall be no earlier than 14 days prior to the expected "pricing"
of such offering)

                                       6

<PAGE>

and continuing for not more than 180 days (with respect to the Initial Public
Offering) or 120 days (with respect to any underwritten public offering other
than the Initial Public Offering made prior to the second anniversary of the
Initial Public Offering and thereafter 60 days rather than 120) after the date
of the Prospectus pursuant to which such public offering shall be made or such
lesser period as is required by the managing underwriter, provided, however,
that all officers and directors of the Company must be subject to similar
restrictions.

      Section 6. Registration Procedures. If and whenever the Company is
required to use its reasonable best efforts to effect the registration of any
Registrable Securities under the Securities Act as provided in Section 3 and
Section 4 hereof, the Company shall effect such registration to permit the sale
of such Registrable Securities in accordance with the intended method or methods
of disposition thereof, and pursuant thereto the Company shall cooperate in the
sale of the securities and shall, as expeditiously as possible:

                  (a) Prepare and file with the SEC a Registration Statement or
Registration Statements on such form which shall be available for the sale of
the Registrable Securities by the holders thereof in accordance with the
intended method or methods of distribution thereof, and use its reasonable best
efforts to cause such Registration Statement to become effective and to remain
effective as provided herein; provided, however, that before filing a
Registration Statement or Prospectus or any amendments or supplements thereto
(including documents that would be incorporated or deemed to be incorporated
therein by reference), the Company shall furnish or otherwise make available to
the holders of the Registrable Securities covered by such Registration
Statement, their counsel and the managing underwriters, if any, copies of all
such documents proposed to be filed. The Company shall not file any such
Registration Statement or Prospectus or any amendments or supplements thereto
(including such documents that, upon filing, would be incorporated or deemed to
be incorporated by reference therein) with respect to a Demand Registration to
which the holders of a majority of the Registrable Securities covered by such
Registration Statement, their counsel, or the managing underwriters, if any,
shall reasonably object, in writing, on a timely basis, unless, in the opinion
of the Company, such filing is necessary to comply with applicable law.

                  (b) Prepare and file with the SEC such amendments and
post-effective amendments to each Registration Statement as may be necessary to
keep such Registration Statement continuously effective during the period
provided herein with respect to the disposition of all securities covered by
such Registration Statement; and cause the related Prospectus to be supplemented
by any Prospectus supplement as may be necessary to comply with the provisions
of the Securities Act with respect to the disposition of the securities covered
by such Registration Statement, and as so supplemented to be filed pursuant to
Rule 424 (or any similar provisions then in force) under the Securities Act.

                  (c) Notify each selling holder of Registrable Securities, its
counsel and the managing underwriters, if any, promptly, and (if requested by
any such Person) confirm such notice in writing, (i) when a Prospectus or any
Prospectus supplement or post-effective amendment has been filed, and, with
respect to a Registration Statement or any post-effective amendment, when the
same has become effective, (ii) of any request by the SEC or any other Federal
or state governmental authority for amendments or supplements to a Registration
Statement or related Prospectus or for additional information, (iii) of the
issuance by the SEC of

                                       7

<PAGE>

any stop order suspending the effectiveness of a Registration Statement or the
initiation of any proceedings for that purpose, (iv) if at any time the
representations and warranties of the Company contained in any agreement
(including any underwriting agreement) contemplated by Section 6(o) below cease
to be true and correct, (v) of the receipt by the Company of any notification
with respect to the suspension of the qualification or exemption from
qualification of any of the Registrable Securities for sale in any jurisdiction,
or the initiation or threatening of any proceeding for such purpose, and (vi) of
the happening of any event that makes any statement made in such Registration
Statement or related Prospectus or any document incorporated or deemed to be
incorporated therein by reference untrue in any material respect or that
requires the making of any changes in such Registration Statement, Prospectus or
documents so that, in the case of the Registration Statement, it will not
contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein,
not misleading, and that in the case of the Prospectus, it will not contain any
untrue statement of a material fact or omit to state any material fact necessary
in order to make the statements therein, in light of the circumstances under
which they were made, not misleading.

                  (d) Use its reasonable best efforts to obtain the withdrawal
of any order suspending the effectiveness of a Registration Statement, or the
lifting of any suspension of the qualification (or exemption from qualification)
of any of the Registrable Securities for sale in any jurisdiction.

                  (e) If requested by the managing underwriters, if any, or the
holders of a majority of the then outstanding Registrable Securities being sold
in connection with an underwritten offering, promptly include in a Prospectus
supplement or post-effective amendment such information as the managing
underwriters, if any, and such holders may reasonably request in order to permit
the intended method of distribution of such securities and make all required
filings of such Prospectus supplement or such post-effective amendment as soon
as practicable after the Company has received such request; provided, however,
that the Company shall not be required to take any actions under this Section
6(e) that are not, in the opinion of counsel for the Company, in compliance with
applicable law.

                  (f) Furnish to each selling holder of Registrable Securities,
its counsel and each managing underwriter, if any, without charge, at least one
conformed copy of the Registration Statement, the Prospectus and Prospectus
supplements, if applicable, and each post-effective amendment thereto, including
financial statements (but excluding schedules, all documents incorporated or
deemed to be incorporated therein by reference, and all exhibits, unless
requested in writing by such holder, counsel or underwriter).

                  (g) Deliver to each selling holder of Registrable Securities,
its counsel, and the underwriters, if any, without charge, as many copies of the
Prospectus or Prospectuses (including each form of Prospectus) and each
amendment or supplement thereto as such Persons may reasonably request in
connection with the distribution of the Registrable Securities; and the Company,
subject to the last paragraph of this Section 6, hereby consents to the use of
such Prospectus and each amendment or supplement thereto by each of the selling
holders of Registrable Securities and the underwriters, if any, in connection
with the offering and sale of the

                                       8

<PAGE>
Registrable Securities covered by such Prospectus and any such amendment or
supplement thereto.

                  (h) Prior to any public offering of Registrable Securities,
use its reasonable best efforts to register or qualify or cooperate with the
selling holders of Registrable Securities, the underwriters, if any, and their
respective counsel in connection with the registration or qualification (or
exemption from such registration or qualification) of such Registrable
Securities for offer and sale under the securities or "Blue Sky" laws of such
jurisdictions within the United States as any seller or underwriter reasonably
requests in writing and to keep each such registration or qualification (or
exemption therefrom) effective during the period such Registration Statement is
required to be kept effective and to take any other action that may be necessary
or advisable to enable such holders of Registrable Securities to consummate the
disposition of such Registrable Securities in such jurisdiction; provided,
however, that the Company will not be required to (i) qualify generally to do
business in any jurisdiction where it is not then so qualified or (ii) take any
action that would subject it to general service of process in any such
jurisdiction where it is not then so subject.

                  (i) Cooperate with the selling holders of Registrable
Securities and the managing underwriters, if any, to facilitate the timely
preparation and delivery of certificates (not bearing any legends) representing
Registrable Securities to be sold after receiving written representations from
each holder of such Registrable Securities that the Registrable Securities
represented by the certificates so delivered by such holder will be transferred
in accordance with the Registration Statement, and enable such Registrable
Securities to be in such denominations and registered in such names as the
managing underwriters, if any, or holders may request at least two (2) business
days prior to any sale of Registrable Securities in a firm commitment public
offering, but in any other such sale, within ten (10) business days prior to
having to issue the securities.

                  (j) Use its reasonable best efforts to cause the Registrable
Securities covered by the Registration Statement to be registered with or
approved by such other governmental agencies or authorities within the United
States, except as may be required solely as a consequence of the nature of such
selling holder's business, in which case the Company will cooperate in all
reasonable respects with the filing of such Registration Statement and the
granting of such approvals, as may be necessary to enable the seller or sellers
thereof or the underwriters, if any, to consummate the disposition of such
Registrable Securities.

                  (k) Upon the occurrence of any event contemplated by Section
6(c)(vi) above, prepare a supplement or post-effective amendment to the
Registration Statement or a supplement to the related Prospectus or any document
incorporated or deemed to be incorporated therein by reference, or file any
other required document so that, as thereafter delivered to the purchasers of
the Registrable Securities being sold thereunder, such Prospectus will not
contain an untrue statement of a material fact or omit to state a material fact
required to be stated therein or necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading.

                  (l) Prior to the effective date of the Registration Statement
relating to the Registrable Securities, provide a CUSIP number for the
Registrable Securities.

                                       9

<PAGE>

                  (m) Provide and cause to be maintained a transfer agent and
registrar for all Registrable Securities covered by such Registration Statement
from and after a date not later than the effective date of such Registration
Statement.

                  (n) Use its reasonable best efforts to cause all shares of
Registrable Securities covered by such Registration Statement to be authorized
to be quoted on the Nasdaq National Market or listed on a national securities
exchange if shares of the particular class of Registrable Securities are at that
time quoted on the Nasdaq National Market or listed on such exchange, as the
case may be.

                  (o) Enter into such agreements (including an underwriting
agreement in form, scope and substance as is customary in underwritten
offerings) and take all such other actions reasonably requested by the holders
of a majority of the Registrable Securities being sold in connection therewith
(including those reasonably requested by the managing underwriters, if any) to
expedite or facilitate the disposition of such Registrable Securities, and in
such connection, whether or not an underwriting agreement is entered into and
whether or not the registration is an underwritten registration, (i) make such
representations and warranties to the holders of such Registrable Securities and
the underwriters, if any, with respect to the business of the Company and its
subsidiaries, and the Registration Statement, Prospectus and documents, if any,
incorporated or deemed to be incorporated by reference therein, in each case, in
form, substance and scope as are customarily made by issuers to underwriters in
underwritten offerings, and, if true, confirm the same if and when requested,
(ii) use its reasonable best efforts to furnish to the selling holders of such
Registrable Securities opinions of counsel to the Company and updates thereof
(which counsel and opinions (in form, scope and substance) shall be reasonably
satisfactory to the managing underwriters, if any, and counsels to the selling
holders of the Registrable Securities), addressed to each selling holder of
Registrable Securities and each of the underwriters, if any, covering the
matters customarily covered in opinions requested in underwritten offerings and
such other matters as may be reasonably requested by such counsel and
underwriters, (iii) use its reasonable best efforts to obtain "cold comfort"
letters and updates thereof from the independent certified public accountants of
the Company (and, if necessary, any other independent certified public
accountants of any subsidiary of the Company or of any business acquired by the
Company for which financial statements and financial data are, or are required
to be, included in the Registration Statement) who have certified the financial
statements included in such Registration Statement, addressed to each selling
holder of Registrable Securities (unless such accountants shall be prohibited
from so addressing such letters by applicable standards of the accounting
profession) and each of the underwriters, if any, such letters to be in
customary form and covering matters of the type customarily covered in "cold
comfort" letters in connection with underwritten offerings, (iv) if an
underwriting agreement is entered into, the same shall contain indemnification
provisions and procedures substantially to the effect set forth in Section 8
hereof with respect to all parties to be indemnified pursuant to said Section
and (v) deliver such documents and certificates as may be reasonably requested
by the holders of a majority of the Registrable Securities being sold, their
counsel and the managing underwriters, if any, to evidence the continued
validity of the representations and warranties made pursuant to Section 6(o)(i)
above and to evidence compliance with any customary conditions contained in the
underwriting agreement or other agreement entered into by the Company. The above
shall be done at each closing under such underwriting or similar agreement, or
as and to the extent required thereunder.

                                       10

<PAGE>

                  (p) Make available for inspection by a representative of the
selling holders of Registrable Securities, any underwriter participating in any
such disposition of Registrable Securities, if any, and any attorneys or
accountants retained by such selling holders or underwriter, at the offices
where normally kept, during reasonable business hours, all financial and other
records, pertinent corporate documents and properties of the Company and its
subsidiaries, and cause the officers, directors and employees of the Company and
its subsidiaries to supply all information in each case reasonably requested by
any such representative, underwriter, attorney or accountant in connection with
such Registration Statement; provided, however, that any information that is not
generally publicly available at the time of delivery of such information shall
be kept confidential by such Persons unless (i) disclosure of such information
is required by court or administrative order, (ii) disclosure of such
information, in the opinion of counsel to such Person, is required by law, or
(iii) such information becomes generally available to the public other than as a
result of a disclosure or failure to safeguard by such Person. In the case of a
proposed disclosure pursuant to (i) or (ii) above, such Person shall be required
to give the Company written notice of the proposed disclosure prior to such
disclosure and, if requested by the Company, assist the Company in seeking to
prevent or limit the proposed disclosure. Without limiting the foregoing, no
such information shall be used by such Person as the basis for any market
transactions in securities of the Company or its subsidiaries in violation of
law.

                  (q) Comply with all applicable rules and regulations of the
SEC and make available to its security holders earning statements satisfying the
provisions of Section 11(a) of the Securities Act and Rule 158 thereunder, or
any similar rule promulgated under the Securities Act, no later than forty-five
(45) days after the end of any twelve (12) month period (or ninety (90) days
after the end of any twelve (12) month period if such period is a fiscal year)
(i) commencing at the end of any fiscal quarter in which Registrable Securities
are sold to underwriters in a firm commitment or best efforts underwritten
offering and (ii) if not sold to underwriters in such an offering, commencing on
the first day of the first fiscal quarter of the Company after the effective
date of a Registration Statement, which statements shall cover one of said
twelve (12) month periods.

                  (r) Cause its officers to use their reasonable best efforts to
support the marketing of the Registrable Securities covered by the Registration
Statement (including, without limitation, participation in "road shows") taking
into account the Company's business needs.

            The Company may require each seller of Registrable Securities as to
which any registration is being effected to furnish to the Company in writing
such information required in connection with such registration regarding such
seller and the distribution of such Registrable Securities as the Company may,
from time to time, reasonably request in writing and the Company may exclude
from such registration the Registrable Securities of any seller who unreasonably
fails to furnish such information within a reasonable time after receiving such
request.

            Each holder of Registrable Securities agrees if such holder has
Registrable Securities covered by such Registration Statement that, upon receipt
of any notice from the Company of the happening of any event of the kind
described in Section 6(c)(ii), 6(c)(iii), 6(c)(v)

                                       11

<PAGE>

or 6(c)(vi) hereof, such holder will forthwith discontinue disposition of such
Registrable Securities covered by such Registration Statement or Prospectus
until such holder's receipt of the copies of the supplemented or amended
Prospectus contemplated by Section 6(k) hereof, or until it is advised in
writing by the Company that the use of the applicable Prospectus may be resumed,
and has received copies of any additional or supplemental filings that are
incorporated or deemed to be incorporated by reference in such Prospectus;
provided, however that the Company shall extend the time periods under Section 3
with respect to the length of time that the effectiveness of a Registration
Statement must be maintained by the amount of time the holder is required to
discontinue disposition of such securities.

      Section 7. Registration Expenses. All reasonable fees and expenses
incident to the performance of or compliance with this Agreement by the Company
(including, without limitation, (i) all registration and filing fees (including,
without limitation, fees and expenses (A) with respect to filings required to be
made with the National Association of Securities Dealers, Inc. and (B) of
compliance with securities or Blue Sky laws, including, without limitation, any
fees and disbursements of counsel for the underwriters in connection with Blue
Sky qualifications of the Registrable Securities pursuant to Section 6(h)), (ii)
printing expenses (including, without limitation, expenses of printing
certificates for Registrable Securities in a form eligible for deposit with The
Depository Trust Company and of printing Prospectuses if the printing of
Prospectuses is requested by the managing underwriters, if any, or by the
holders of a majority of the Registrable Securities included in any Registration
Statement), (iii) messenger, telephone and delivery expenses of the Company,
(iv) fees and disbursements of counsel for the Company, (v) expenses of the
Company incurred in connection with any road show, (vi) fees and disbursements
of all independent certified public accountants referred to in Section 6(o)(iii)
hereof (including, without limitation, the expenses of any "cold comfort"
letters required by this Agreement) and any other persons, including special
experts retained by the Company, and (vii) fees and disbursements of one counsel
for the Management Qualified Holders and one counsel for the Snyder Qualified
Holders, in each case whose Registrable Securities are included in a
Registration Statement, which counsel shall be selected by the holders of a
majority of the Registrable Securities held by the Management Qualified Holders
or the Snyder Qualified Holders, as applicable, included in such Registration
Statement) shall be borne by the Company whether or not any Registration
Statement is filed or becomes effective. In addition, the Company shall pay its
internal expenses (including, without limitation, all salaries and expenses of
its officers and employees performing legal or accounting duties), the expense
of any annual audit, the fees and expenses incurred in connection with the
listing of the securities to be registered on any securities exchange on which
similar securities issued by the Company are then listed and rating agency fees
and the fees and expenses of any Person, including special experts, retained by
the Company.

            The Company shall not be required to pay (i) fees and disbursements
of any counsel retained by any holder of Registrable Securities or by any
underwriter (except as set forth in clauses 7(i)(B) and 7(vii)), (ii) any
underwriter's fees (including discounts, commissions or fees of underwriters,
selling brokers, dealer managers or similar securities industry professionals)
relating to the distribution of the Registrable Securities, or (iii) any other
expenses of the holders of Registrable Securities not specifically required to
be paid by the Company pursuant to the first paragraph of this Section 7.

                                       12

<PAGE>

      Section 8. Indemnification.

                  (a) Indemnification by the Company. The Company shall, without
limitation as to time, indemnify and hold harmless, to the fullest extent
permitted by law, each holder of Registrable Securities whose Registrable
Securities are covered by a Registration Statement or Prospectus, the officers,
directors, partners, members, managers, stockholders, accountants, attorneys,
agents and employees of each of them, each Person who controls each such holder
(within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) and the officers, directors, partners, members, managers,
stockholders, accountants, attorneys, agents and employees of each such
controlling person, each underwriter, if any, and each Person who controls
(within the meaning of Section 15 of the Securities Act or Section 20 of the
Exchange Act) such underwriter, from and against any and all losses, claims,
damages, liabilities, costs (including, without limitation, costs of preparation
and reasonable attorneys' fees and any legal or other fees or expenses incurred
by such party in connection with any investigation or Proceeding), expenses,
judgments, fines, penalties, charges and amounts paid in settlement
(collectively, "Losses"), as incurred, arising out of or based upon any untrue
statement (or alleged untrue statement) of a material fact contained in any
Prospectus, offering circular, or other document (including any related
Registration Statement, notification, or the like) incident to any such
registration, qualification, or compliance, or based on any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the
Company of the Securities Act or any rule or regulation thereunder applicable to
the Company and relating to action or inaction required of the Company in
connection with any such registration, qualification, or compliance, and will
reimburse each such holder, each of its officers, directors, partners, members,
managers, stockholders, accountants, attorneys, agents and employees and each
person controlling such holder, each such underwriter, and each person who
controls any such underwriter, for any legal and any other expenses reasonably
incurred in connection with investigating and defending or settling any such
claim, loss, damage, liability, or action, provided that the Company will not be
liable in any such case to the extent that any such claim, loss, damage,
liability, or expense arises out of or is based on any untrue statement or
omission by such holder or underwriter, but only to the extent, that such untrue
statement (or alleged untrue statement) or omission (or alleged omission) is
made in such Registration Statement, Prospectus, offering circular, or other
document in reliance upon and in conformity with written information furnished
to the Company by such holder. It is agreed that the indemnity agreement
contained in this Section 8(a) shall not apply to amounts paid in settlement of
any such loss, claim, damage, liability, or action if such settlement is
effected without the consent of the Company (which consent shall not be
unreasonably withheld).

                  (b) Indemnification by Holder of Registrable Securities. In
connection with any Registration Statement in which a holder of Registrable
Securities is participating, such holder of Registrable Securities shall furnish
to the Company in writing such information as the Company reasonably requests
for use in connection with any Registration Statement or Prospectus and agrees
to indemnify, to the fullest extent permitted by law, severally and not jointly,
the Company, its directors, officers, accountants, attorneys, agents and
employees, each Person who controls the Company (within the meaning of Section
15 of the Securities Act and Section 20 of the Exchange Act), and the directors,
officers, partners, members, managers, stockholders, accountants, attorneys,
agents or employees of such controlling persons, and each

                                       13

<PAGE>

underwriter, if any, and each person who controls such underwriter (within the
meaning of Section 15 of the Securities Act and Section 20 of the Exchange Act),
from and against all Losses arising out of or based on any untrue statement of a
material fact contained in any such Registration Statement, Prospectus, offering
circular, or other document, or any omission to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, and will reimburse the Company and such directors, officers,
partners, members, managers, stockholders, accountants, attorneys, employees,
agents, persons, underwriters, or control persons for any legal or any other
expenses reasonably incurred in connection with investigating or defending any
such claim, loss, damage, liability, or action, in each case to the extent, but
only to the extent, that such untrue statement or omission is made in such
Registration Statement, Prospectus, offering circular, or other document in
reliance upon and in conformity with written information furnished to the
Company by such holder specifically for use in connection with the preparation
of such Registration Statement, Prospectus, offering circular or other document;
provided, however, that the obligations of such holder hereunder shall not apply
to amounts paid in settlement of any such claims, losses, damages, or
liabilities (or actions in respect thereof) if such settlement is effected
without the consent of such holder (which consent shall not be unreasonably
withheld); and provided, further, that the liability of each selling holder of
Registrable Securities hereunder shall be limited to the net proceeds received
by such selling holder from the sale of Registrable Securities covered by such
Registration Statement. In addition, insofar as the foregoing indemnity relates
to any such untrue statement or omission made in the preliminary Prospectus but
eliminated or remedied in the amended Prospectus on file with the SEC at the
time the Registration Statement becomes effective or in the final Prospectus
filed pursuant to applicable rules of the SEC or in any supplement or addendum
thereto and such new Prospectus is delivered to the underwriter, the indemnity
agreement herein shall not inure to the benefit of such underwriter, any
controlling person of such underwriter and their respective Representatives, if
a copy of the final Prospectus filed pursuant to such rules, together with all
supplements and addenda thereto was not furnished to the Person asserting the
loss, liability, claim or damage at or prior to the time such furnishing is
required by the Securities Act.

                  (c) Conduct of Indemnification Proceedings. If any Person
shall be entitled to indemnity hereunder (an "indemnified party"), such
indemnified party shall give prompt notice to the party from which such
indemnity is sought (the "indemnifying party") of any claim or of the
commencement of any Proceeding with respect to which such indemnified party
seeks indemnification or contribution pursuant hereto; provided, however, that
the delay or failure to so notify the indemnifying party shall not relieve the
indemnifying party from any obligation or liability except to the extent that
the indemnifying party has been prejudiced by such delay or failure. The
indemnifying party shall have the right, exercisable by giving written notice to
an indemnified party promptly after the receipt of written notice from such
indemnified party of such claim or Proceeding, to, unless in the indemnified
party's reasonable judgment a conflict of interest between such indemnified and
indemnifying parties may exist in respect of such claim, assume, at the
indemnifying party's expense, the defense of any such claim or Proceeding, with
counsel reasonably satisfactory to such indemnified party; provided, however,
that an indemnified party shall have the right to employ separate counsel in any
such claim or Proceeding and to participate in the defense thereof, but the fees
and expenses of such counsel shall be at the expense of such indemnified party
unless: (i) the indemnifying party agrees to pay such fees and expenses; or (ii)
the indemnifying party fails promptly to assume the defense of such claim or
Proceeding or fails to employ counsel reasonably satisfactory to such
indemnified

                                       14

<PAGE>

party; in which case the indemnified party shall have the right to employ
counsel and to assume the defense of such claim or proceeding; provided,
however, that the indemnifying party shall not, in connection with any one such
claim or Proceeding or separate but substantially similar or related claims or
Proceedings in the same jurisdiction, arising out of the same general
allegations or circumstances, be liable for the fees and expenses of more than
one firm of attorneys (together with appropriate local counsel) at any time for
all of the indemnified parties, or for fees and expenses that are not
reasonable. Whether or not such defense is assumed by the indemnifying party,
such indemnified party will not be subject to any liability for any settlement
made without its consent (but such consent will not be unreasonably withheld).
The indemnifying party shall not consent to entry of any judgment or enter into
any settlement that does not include as an unconditional term thereof the giving
by the claimant or plaintiff to such indemnified party of a release, in form and
substance reasonably satisfactory to the indemnified party, from all liability
in respect of such claim or litigation for which such indemnified party would be
entitled to indemnification hereunder.

                  (d) Contribution. If the indemnification provided for in this
Section 8 is unavailable to an indemnified party in respect of any Losses (other
than in accordance with its terms), then each applicable indemnifying party, in
lieu of indemnifying such indemnified party, shall contribute to the amount paid
or payable by such indemnified party as a result of such Losses, in such
proportion as is appropriate to reflect the relative fault of the indemnifying
party, on the one hand, and such indemnified party, on the other hand, in
connection with the actions, statements or omissions that resulted in such
Losses as well as any other relevant equitable considerations. The relative
fault of such indemnifying party, on the one hand, and indemnified party, on the
other hand, shall be determined by reference to, among other things, whether any
action in question, including any untrue or alleged untrue statement of a
material fact or omission or alleged omission to state a material fact, has been
taken by, or relates to information supplied by, such indemnifying party or
indemnified party, and the parties' relative intent, knowledge, access to
information and opportunity to correct or prevent any such action, statement or
omission.

            The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 8(d) were determined by pro rata
allocation or by any other method of allocation that does not take account of
the equitable considerations referred to in the immediately preceding paragraph.
Notwithstanding the provisions of this Section 8(d), an indemnifying party that
is a selling holder of Registrable Securities shall not be required to
contribute any amount in excess of the amount by which the net proceeds from the
sale of the Registrable Securities sold by such indemnifying party exceeds the
amount of any damages that such indemnifying party has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or
alleged omission. No person guilty of fraudulent misrepresentation (within the
meaning of Section 11(f) of the Securities Act) shall be entitled to
contribution from any Person who was not guilty of such fraudulent
misrepresentation.

                  (e) Notwithstanding the foregoing, to the extent that the
provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are
in conflict with the foregoing provisions, the provisions in the underwriting
agreement shall control.

                                       15

<PAGE>

      Section 9. Rule 144. After an Initial Public Offering, the Company shall
file the reports required to be filed by it under the Securities Act and the
Exchange Act, and will take such further action as any holder of Registrable
Securities may reasonably request, all to the extent required from time to time
to enable such holder to sell Registrable Securities without registration under
the Securities Act within the limitations of the exemption provided by Rule 144.
Upon the request of any holder of Registrable Securities, the Company shall
deliver to such holder a written statement as to whether it has complied with
such requirements.

      Section 10. Underwritten Registrations. If any Demand Registration is an
underwritten offering, the Company shall have the right to select the investment
banker or investment bankers and managers to administer the offering, subject to
approval by the holders of a majority of the Registrable Securities covered by
such Demand Registration, not to be unreasonably withheld. The Company shall
have the right to select the investment banker or investment bankers and
managers to administer any Piggyback Registration.

            No Person may participate in any underwritten registration hereunder
unless such Person (i) agrees to sell the Registrable Securities it desires to
have covered by the Demand Registration on the basis provided in any
underwriting arrangements in customary form and (ii) completes and executes all
questionnaires, powers of attorney, indemnities, underwriting agreements and
other documents required under the terms of such underwriting arrangements,
provided that such Person shall not be required to make any representations or
warranties other than those related to title and ownership of shares and as to
the accuracy and completeness of statements made in a Registration Statement,
Prospectus, offering circular, or other document in reliance upon and in
conformity with written information furnished to the Company or the managing
underwriter by such Person.

      Section 11. Limitation on Subsequent Registration Rights. From and after
the date of this Agreement, the Company shall not, without the prior written
consent of the holders of at least a majority of the then outstanding
Registrable Securities, enter into any agreement with any holder or prospective
holder of any securities of the Company giving such holder or prospective holder
any registration rights the terms of which would reduce the amount of
Registrable Securities the holders can include in any registration filed
pursuant to Section 3 hereof, unless such rights are subordinate to those of the
holders of Registrable Securities.

      Section 12. Miscellaneous.

                  (a) Amendments and Waivers. The provisions of this Agreement,
including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof
may not be given, unless the Company has obtained the written consent of holders
of at least a majority of the then outstanding Registrable Securities; provided,
however, that in no event shall the obligations of any holder of Registrable
Securities be materially increased or the rights of any holder of Registrable
Securities be adversely affected (without similarly adversely affecting the
rights of all holders of Registrable Securities), except upon the written
consent of such holder. Notwithstanding the foregoing, a waiver or consent to
depart from the provisions hereof with respect to a matter that relates
exclusively to the rights of holders of Registrable Securities whose securities
are being sold pursuant to a Registration Statement and that does not directly
or

                                       16

<PAGE>

indirectly affect the rights of other holders of Registrable Securities may be
given by holders of at least a majority of the Registrable Securities being sold
by such holders pursuant to such Registration Statement.

                  (b) Notices. All notices required to be given hereunder shall
be in writing and shall be deemed to be duly given if personally delivered,
telecopied and confirmed, or mailed by certified mail, return receipt requested,
or overnight delivery service with proof of receipt maintained, at the following
address (or any other address that any such party may designate by written
notice to the other parties):

         if to the Company:

         1380 Rt. 286 East, Suite #121
         Indiana, Pennsylvania 15701
         Fax: 724-465-8907
         Attn: David E. Wallace, Chief Executive Officer

         and a copy to:

         T. Mark Kelly
         Vinson & Elkins LLP
         2300 First City Tower
         1001 Fannin Street
         Houston, Texas 77002
         Fax: 713-615-5531

            If to any holder of Registrable Securities, at such Person's address
as set forth on the records of the Company. Any such notice shall, if delivered
personally, be deemed received upon delivery; shall, if delivered by telecopy,
be deemed received on the first business day following confirmation; shall, if
delivered by overnight delivery service, be deemed received the first business
day after being sent; and shall, if delivered by mail, be deemed received upon
the earlier of actual receipt thereof or five business days after the date of
deposit in the United States mail.

                  (c) Successors and Assigns; Status. This Agreement shall inure
to the benefit of and be binding upon the successors and assigns of each of the
parties, including subsequent holders of Registrable Securities; provided,
however, that such successor or assign shall not be entitled to such rights
unless the successor or assign shall have executed and delivered to the Company
an Addendum Agreement substantially in the form of Exhibit A hereto promptly
following the acquisition of such Registrable Securities, in which event such
successor or assign shall be deemed a Management Qualified Holder or a Snyder
Qualified Holder, as applicable, for purposes of this Agreement. Nothing
expressed or mentioned in this Agreement is intended or shall be construed to
give any Person other than the parties hereto and their respective permitted
successors and assigns any legal or equitable right, remedy or claim under, in
or in respect of this Agreement or any provision herein contained.

                                       17

<PAGE>

                  (d) Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                  (e) Headings. The section and paragraph headings contained in
this Agreement are for reference purposes only and shall not affect in any way
the meaning or interpretation of this Agreement.

                  (f) Governing Law. This agreement shall be governed by and
construed in accordance with the laws of the Commonwealth of Pennsylvania
(without giving effect to the choice of law principles thereof).

                  (g) Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction to be
invalid, illegal, void or unenforceable, the remainder of the terms, provisions,
covenants and restrictions set forth herein shall remain in full force and
effect and shall in no way be affected, impaired or invalidated, and the parties
hereto shall use their best efforts to find and employ an alternative means to
achieve the same or substantially the same result as that contemplated by such
term, provision, covenant or restriction. It is hereby stipulated and declared
to be the intention of the parties that they would have executed the remaining
terms, provisions, covenants and restrictions without including any of such that
may be hereafter declared invalid, illegal, void or unenforceable.

                  (h) Entire Agreement. This Agreement is intended by the
parties as a final expression of their agreement, and is intended to be a
complete and exclusive statement of the agreement and understanding of the
parties hereto in respect of the subject matter contained herein. There are no
restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein, with respect to the registration rights granted by the
Company with respect to Registrable Securities. This Agreement supersedes all
prior agreements and understandings between the parties with respect to such
subject matter.

                  (i) Securities Held by the Company or its subsidiaries.
Whenever the consent or approval of holders of a specified percentage of
Registrable Securities is required hereunder, Registrable Securities held by the
Company or its subsidiaries shall not be counted in determining whether such
consent or approval was given by the holders of such required percentage.

                  (j) Termination. This Agreement shall terminate when no
Registrable Securities remain outstanding; provided that Sections 7 and 8 shall
survive any termination hereof.

                  (k) Specific Performance. The parties hereto recognize and
agree that money damages may be insufficient to compensate the holders of any
Registrable Securities for breaches by the Company of the terms hereof and,
consequently, that the equitable remedy of specific performance of the terms
hereof will be available in the event of any such breach.

                            [signature pages follow]

                                       18

<PAGE>

      IN WITNESS WHEREOF, the parties hereto have caused this Registration
Rights Agreement to be duly executed as of the date first above written.

                                 SUPERIOR WELL SERVICES, INC.

                                 By: /s/ David E. Wallace
                                     -------------------------------------------
                                 Name: David E. Wallace
                                 Title: CEO

                                 BUFFALO VALLEY REAL ESTATE COMPANY

                                 By: /s/ Elmer A. Snyder
                                     -------------------------------------------
                                 Name: Elmer A. Snyder
                                 Title: President

                                 /s/ Thomas C. Snyder
                                 -----------------------------------------------
                                 Thomas C. Snyder

                                 /s/ David E. Snyder
                                 -----------------------------------------------
                                 David E. Snyder

                                 /s/ Mark A. Snyder
                                 -----------------------------------------------
                                 Mark A. Snyder

                                 C.H. Snyder, Jr. Grantor Retained Annuity Trust
                                 Dated November 1, 2004

                                 By: /s/ Dennis C. Snyder
                                     -------------------------------------------
                                 Name: Dennis C. Snyder
                                 Title: Trustee

                                 By: /s/ Richard G. Snyder
                                     -------------------------------------------
                                 Name: Richard G. Snyder
                                 Title: Trustee

                                 /s/ Dennis C. Snyder
                                 -----------------------------------------------
                                 Dennis C. Snyder

                 Signature Page to Registration Rights Agreement

<PAGE>

                                 /s/ Richard G. Snyder
                                 -----------------------------------------------
                                 Richard G. Snyder

                                 /s/ David E. Wallace
                                 -----------------------------------------------
                                 David E. Wallace

                                 /s/ Rhys R. Reese
                                 -----------------------------------------------
                                 Rhys R. Reese

                                 /s/ Jacob B. Linaberger
                                 -----------------------------------------------
                                 Jacob B. Linaberger

                                 EASTERN MATERIAL CORP.

                                 By: /s/ David E. Snyder
                                     -------------------------------------------
                                 Name: David E. Snyder
                                 Title: President

                                 ALLEGHENY MINERAL CORP.

                                 By: /s/ Dennis C. Snyder
                                     -------------------------------------------
                                 Name: Dennis C. Snyder
                                 Title: President

                                 ARMSTRONG CEMENT & SUPPLY CORP.

                                 By: /s/ C. H. Snyder, Jr.
                                     -------------------------------------------
                                 Name: C. H. Snyder, Jr.
                                 Title: President

                                 GLACIAL SAND & GRAVEL CO.

                                 By: /s/ Mark A. Snyder
                                     -------------------------------------------
                                 Name: Mark A. Snyder
                                 Title: President

                 Signature Page to Registration Rights Agreement

<PAGE>

                                    EXHIBIT A

                               ADDENDUM AGREEMENT

      This Addendum Agreement is made this ___ day of ______________, 20___, by
and between ________________________________ (the "New Stockholder") and
Superior Well Services, Inc., a Delaware corporation (the "Company"), pursuant
to a Registration Rights Agreement dated as of July 28, 2005 (the "Agreement"),
between and among the Company and certain of its stockholders (the
"Stockholders"). Capitalized terms used but not otherwise defined herein shall
have the meanings given to such terms in the Agreement.

                                   WITNESSETH:

      WHEREAS, the New Stockholder has acquired Registrable Securities (as
defined in the Agreement) directly or indirectly from a [Management] [Snyder]
Qualified Holder; and

      WHEREAS, the Agreement requires that all persons desiring registration
rights must enter into an Addendum Agreement binding the New Stockholder to the
Agreement to the same extent as if it were an original party thereto;

      NOW, THEREFORE, in consideration of the mutual promises of the parties,
the New Stockholder acknowledges that it has received and read the Agreement and
that the New Stockholder shall be bound by, and shall have the benefit of, all
of the terms and conditions set out in the Agreement to the same extent as if it
were an original party to the Agreement and shall be deemed to be a [Management]
[Snyder] Qualified Holder thereunder.

                                               _________________________________
                                               New Stockholder

Address:

____________________________

____________________________

                                   Exhibit A-1

<PAGE>

      AGREED TO on behalf of the Company pursuant to Section 12(c) of the
Agreement.

                                               SUPERIOR WELL SERVICES, INC.

                                               By:______________________________
                                               Name:
                                               Title:<PAGE>
                                                                    EXHIBIT 10.2

                              EMPLOYMENT AGREEMENT
                             CHIEF EXECUTIVE OFFICER

         THIS EMPLOYMENT AGREEMENT ("Agreement") is made by and between Superior
Well Services, Inc., a Delaware corporation ("Company"), and David E. Wallace
("Executive").

                                  WITNESSETH:

         WHEREAS, Executive is to be directly employed by Company; and

         WHEREAS, Company is desirous of directly employing Executive in an
executive capacity on the terms and conditions and for the consideration
hereinafter set forth (which includes new and additional consideration to that
which Executive is currently receiving), and Executive is desirous of being
directly employed by Company on such terms and conditions and for such
consideration;

         NOW, THEREFORE, for and in consideration of the mutual promises,
covenants and obligations contained herein, Company and Executive agree as
follows:

ARTICLE 1: DEFINITIONS AND INTERPRETATIONS

         1.1 DEFINITIONS.

                  (A) "AFFILIATE" shall mean with respect to any natural person,
         firm, partnership, association, corporation, limited liability company,
         company, trust, entity, public body or government (a "PERSON"), any
         Person which, directly or indirectly, controls, is controlled by, or is
         under a common control with, such Person. The term "control" (including
         the terms "controlled by" and "under common control with") as used in
         this definition means the possession, directly or indirectly, of the
         power to direct or cause the direction of management and policies of a
         Person, whether through the ownership of voting securities, by
         contract, or otherwise. With respect to any natural person, the term
         "AFFILIATE" shall also mean (1) the spouse or children (including those
         by adoption) and siblings of such Person; and any trust whose primary
         beneficiary is such Person, such Person's spouse, such Person's
         siblings and/or one or more of such Person's lineal descendants, (2)
         the legal representative or guardian of such Person or of any such
         immediate family member in the event such Person or any such immediate
         family member becomes mentally incompetent and (3) any Person
         controlled by or under the common control with any one or more of such
         Person and the Persons described in clauses (1) or (2) preceding.

                  (b) "ANNUAL BASE SALARY" shall mean, as of a specified date,
         Executive's annual base salary as of such date determined pursuant to
         Section 4.1.

                  (c) "ANNUAL BONUS" shall mean the amount, if any, equal to the
         greater of:

                           (i) the annual bonus most recently paid by Company to
                  Executive pursuant to Section 4.2; or

<PAGE>

                           (ii) the average of the last three annual bonuses (or
                  the average of the last two annual bonuses if the Executive
                  has been employed by Company for less than three years) paid
                  by Company to Executive pursuant to Section 4.2.

                  Notwithstanding the foregoing, if Executive was employed by
                  Company for only a portion of the year with respect to which
                  such bonus was paid, then the "ANNUAL BONUS" shall equal an
                  amount determined by annualizing the bonus received by
                  Executive based on the ratio of the number of days Executive
                  was employed by Company during such year to 365 days.

                  (d) "ANNUAL COMPENSATION" shall mean an amount equal to the
         greater of:

                           (i) Executive's Annual Base Salary at the annual rate
                  in effect at the date of his Involuntary Termination;

                           (ii) Executive's Annual Base Salary at the annual
                  rate in effect 180 days prior to the date of his Involuntary
                  Termination; or

                           (iii) Executive's Annual Base Salary at the annual
                  rate in effect immediately prior to a Change of Control if
                  Executive's employment shall be subject to an Involuntary
                  Termination during the Change of Control Period.

                  Notwithstanding the foregoing, if Executive's employment shall
                  be subject to an Involuntary Termination during the Change of
                  Control Period, then the amount determined pursuant to the
                  preceding sentence shall be increased by the amount of the
                  Annual Bonus.

                  (e) "BOARD" means the Board of Directors of Company.

                  (f) "CAUSE" shall mean Executive (i) has engaged in gross
         negligence, gross incompetence or willful misconduct in the performance
         of his duties, (ii) has refused, without proper reason, to perform his
         duties, (iii) has willfully engaged in conduct which is materially
         injurious to Company or its subsidiaries (monetarily or otherwise),
         (iv) has committed an act of fraud, embezzlement or willful breach of a
         fiduciary duty to Company or an Affiliate (including the unauthorized
         disclosure of confidential or proprietary material information of
         Company or an Affiliate), or (v) has been convicted of (or pleaded no
         contest to) a crime involving fraud, dishonesty or moral turpitude or
         any felony.

                  (g) "CHANGE IN DUTIES" shall mean:

                           (i) The occurrence, prior to a Change of Control or
                  after the expiration of a Change of Control Period, of any one
                  or more of the following:

                                    (1) a material reduction in the nature or
                           scope of Executive's authorities or duties from those
                           previously applicable to him;

                                    (2) a reduction in Executive's Annual Base
                           Salary;

                                       2
<PAGE>

                                    (3) a material diminution in employee
                           benefits (including but not limited to medical,
                           dental, life insurance and long-term disability
                           plans) and perquisites applicable to Executive from
                           those substantially similar to the employee benefits
                           and perquisites provided by Company (including its
                           subsidiaries) to executives with comparable duties;
                           or

                                    (4) a change in the location of Executive's
                           principal place of employment by Company (including
                           its subsidiaries) by more than 60 miles from the
                           location where he was principally employed; provided,
                           however, such change in the location of Executive's
                           principal place of employment shall not constitute a
                           Change in Duties if the decision to relocate was
                           mutually acceptable to Executive and Company prior to
                           such change in location.

                           (ii) The occurrence, within a Change of Control
                  Period, of any one or more of the following:

                                    (1) a material reduction in the nature or
                           scope of Executive's authorities or duties from those
                           applicable to him immediately prior to the date on
                           which a Change of Control occurs;

                                    (2) a reduction in Executive's Annual Base
                           Salary from that provided to him immediately prior to
                           the date on which a Change of Control occurs;

                                    (3) a diminution in Executive's eligibility
                           to participate in bonus, stock option, incentive
                           award and other compensation plans which provide
                           opportunities to receive compensation which are the
                           greater of (A) the opportunities provided by Company
                           (including its subsidiaries) for executives with
                           comparable duties or (B) the opportunities under any
                           such plans under which he was participating
                           immediately prior to the date on which a Change of
                           Control occurs;

                                    (4) a material diminution in employee
                           benefits (including but not limited to medical,
                           dental, life insurance and long-term disability
                           plans) and perquisites applicable to Executive from
                           the greater of (A) the employee benefits and
                           perquisites provided by Company (including its
                           subsidiaries) to executives with comparable duties or
                           (B) the employee benefits and perquisites to which he
                           was entitled immediately prior to the date on which a
                           Change of Control occurs; or

                                    (5) a change in the location of Executive's
                           principal place of employment by Company (including
                           its subsidiaries) by more than 60 miles from the
                           location where he was principally employed
                           immediately prior to the date on which a Change of
                           Control occurs; provided, however, such change in the
                           location of Executive's principal place of employment
                           shall not constitute a Change in Duties if the
                           decision to relocate was

                                       3
<PAGE>

                           mutually acceptable to Executive and Company prior to
                           such change in location.

                  (h) "CHANGE OF CONTROL" shall mean:

                           (i) a merger of Company with another entity, a
                  consolidation involving Company, or the sale of all or
                  substantially all of the assets of Company to another entity
                  if, in any such case, (A) the holders of equity securities of
                  Company immediately prior to such transaction or event do not
                  beneficially own immediately after such transaction or event
                  equity securities of the resulting entity entitled to 50% or
                  more of the votes then eligible to be cast in the election of
                  directors generally (or comparable governing body) of the
                  resulting entity in substantially the same proportions that
                  they owned the equity securities of Company immediately prior
                  to such transaction or event or (B) the persons who were
                  members of the Board immediately prior to such transaction or
                  event shall not constitute at least a majority of the board of
                  directors of the resulting entity immediately after such
                  transaction or event;

                           (ii) the dissolution or liquidation of Company; or

                           (iii) when any person or entity (other than the
                  Snyder Holders or any Snyder Holder or any other Affiliate of
                  the Company), including a "group" as contemplated by Section
                  13(d)(3) of the Securities Exchange Act of 1934, acquires or
                  gains ownership or control (including, without limitation,
                  power to vote) of more than 50% of the combined voting power
                  of the outstanding securities of Company.

                  For purposes of the preceding sentence, (1) "resulting entity"
                  in the context of a transaction or event that is a merger,
                  consolidation or sale of all or substantially all assets shall
                  mean the surviving entity (or acquiring entity in the case of
                  an asset sale) unless the surviving entity (or acquiring
                  entity in the case of an asset sale) is a subsidiary of
                  another entity and the holders of common stock of Company
                  receive capital stock of such other entity in such transaction
                  or event, in which event the resulting entity shall be such
                  other entity, and (2) subsequent to the consummation of a
                  merger or consolidation that does not constitute a Change of
                  Control, the term "Company" shall refer to the resulting
                  entity.

                  (i) "CHANGE OF CONTROL PERIOD" means, with respect to a Change
         of Control, the two-year period beginning on the date upon which such
         Change of Control occurs.

                  (j) "CODE" shall mean the Internal Revenue Code of 1986, as
         amended.

                  (k) "COMPENSATION COMMITTEE" shall mean the Compensation
         Committee of the Board.

                  (l) "DISABILITY" shall mean that, as a result of Executive's
         incapacity due to physical or mental illness, he shall have been absent
         from the full-time performance of his duties for six consecutive months
         and he shall not have returned to full-time

                                       4
<PAGE>

         performance of his duties within 30 days after written notice of
         termination is given to Executive by Company (provided, however, that
         such notice may not be given prior to 30 days before the expiration of
         such six-month period).

                  (m) "EFFECTIVE DATE" shall mean August 3, 2005.

                  (n) "INVOLUNTARY TERMINATION" shall mean any termination of
         Executive's employment with Company which:

                           (i) does not result from a resignation by Executive
                  (other than a resignation pursuant to clause (ii) of this
                  Section 1.1(n)); or

                           (ii) results from a resignation by Executive on or
                  before the date which is 60 days after the date upon which
                  Executive receives notice of a Change in Duties;

         provided, however, the term "INVOLUNTARY TERMINATION" shall not include
         a termination for Cause or any termination as a result of death or
         Disability.

                  (o) "MONTHLY SEVERANCE AMOUNT" shall mean an amount equal to
         one-twelfth of Executive's Annual Compensation.

                  (p) "SEVERANCE AMOUNT" shall mean an amount equal to two times
         Executive's Annual Compensation.

                  (q) "SEVERANCE PERIOD" shall mean:

                           (i) in the case of an Involuntary Termination which
                  occurs prior to a Change of Control or after the expiration of
                  a Change of Control Period, a period commencing on the date of
                  such Involuntary Termination and continuing for 24 months; or

                           (ii) in the case of an Involuntary Termination which
                  occurs during a Change of Control Period, a period commencing
                  on the date of such Involuntary Termination and continuing for
                  36 months.

                  (r) "SNYDER HOLDERS" shall mean each of Thomas C. Snyder,
         David E. Snyder, Mark A. Snyder, Dennis C. Snyder, Richard G. Snyder,
         C.H. Snyder, Jr. Grantor Retained Annuity Trust dated November 1, 2004,
         a Pennsylvania trust, Allegheny Mineral Corp., a Pennsylvania
         corporation, Armstrong Cement & Supply Corp., a Pennsylvania
         corporation, Glacial Sand & Gravel Co., a Pennsylvania corporation and
         any of their respective Affiliates.

         1.2 INTERPRETATIONS. In this Agreement, unless a clear contrary
intention appears, (a) the words "herein," "hereof" and "hereunder" and other
words of similar import refer to this Agreement as a whole and not to any
particular Article, Section or other subdivision, (b) reference to any Article
or Section, means such Article or Section hereof, (c) the words "including" (and
with correlative meaning "include") means including, without limiting the

                                       5
<PAGE>

generality of any description preceding such term, and (d) where any provision
of this Agreement refers to action to be taken by either party, or which such
party is prohibited from taking, such provision shall be applicable whether such
action is taken directly or indirectly by such party.

ARTICLE 2: EMPLOYMENT AND DUTIES

         2.1 EMPLOYMENT. Effective as of the Effective Date and continuing for
the period of time set forth in Section 3.1 of this Agreement, Executive's
employment by Company shall be subject to the terms and conditions of this
Agreement.

         2.2 POSITIONS. From and after the Effective Date, Company shall employ
Executive in the position of Chief Executive Officer of Company, or in such
other positions as the parties mutually may agree.

         2.3 DUTIES AND SERVICES. Executive agrees to serve in the positions
referred to in Section 2.2 and to perform diligently the duties and services
appertaining to such offices, as well as such additional duties and services
appropriate to such offices which the parties mutually may agree upon from time
to time. Executive's employment shall also be subject to the policies maintained
and established by Company that are of general applicability to Company's
executive employees, as such policies may be amended from time to time.

         2.4 OTHER INTERESTS. Executive agrees, during the period of his
employment by Company, to devote substantially all of his business time, energy
and efforts to the business and affairs of Company and its Affiliates and not to
engage, directly or indirectly, in any other business or businesses, whether or
not similar to that of Company, except with the consent of the Board. The
foregoing notwithstanding, the parties recognize and agree that Executive may
engage in passive personal investment and charitable activities that do not
conflict with the business and affairs of Company or interfere with Executive's
performance of his duties hereunder.

         2.5 DUTY OF LOYALTY. Executive acknowledges and agrees that Executive
owes a fiduciary duty of loyalty to act at all times in the best interests of
Company. In keeping with such duty, Executive shall make full disclosure to
Company of all business opportunities pertaining to Company's business and shall
not appropriate for Executive's own benefit business opportunities concerning
Company's business.

ARTICLE 3: TERM AND TERMINATION OF EMPLOYMENT

         3.1 TERM. Unless sooner terminated pursuant to other provisions hereof,
Company agrees to employ Executive for the period beginning on the Effective
Date and ending on the third anniversary of the Effective Date (the "INITIAL
EXPIRATION DATE"); provided, however, that beginning on the Initial Expiration
Date, and on each anniversary of the Initial Expiration Date thereafter, if this
Agreement has not been terminated pursuant to Section 3.2 or 3.3, then said term
of employment shall automatically be extended for an additional one-year period
unless on or before the date that is 90 days prior to the first day of any such
extension period either party shall give written notice to the other that no
such automatic extension shall occur.

                                       6
<PAGE>

         3.2 COMPANY'S RIGHT TO TERMINATE. Notwithstanding the provisions of
Section 3.1, Company shall have the right to terminate Executive's employment
under this Agreement at any time for any of the following reasons:

                  (a) upon Executive's death;

                  (b) upon Executive's Disability;

                  (c) for Cause; or

                  (d) for any other reason whatsoever, in the sole discretion of
         the Board.

         3.3 EXECUTIVE'S RIGHT TO TERMINATE. Notwithstanding the provisions of
Section 3.1 Executive shall have the right to terminate his employment under
this Agreement for any of the following reasons:

                  (a) as a result of a Change in Duties; provided, however, that
         prior to Executive's termination as a result of a Change of Duties,
         Executive must give written notice to Company of the specific
         occurrence that resulted in the Change in Duties and such occurrence
         must remain uncorrected for 10 days following such written notice; or

                  (b) at any time for any other reason whatsoever, in the sole
         discretion of Executive.

         3.4 NOTICE OF TERMINATION. If Company desires to terminate Executive's
employment hereunder at any time prior to expiration of the term of employment
as provided in Section 3.1, it shall do so by giving written notice to Executive
that it has elected to terminate Executive's employment hereunder and stating
the effective date and reason for such termination, provided that no such action
shall alter or amend any other provisions hereof or rights arising hereunder. If
Executive desires to terminate his employment hereunder at any time prior to
expiration of the term of employment as provided in Section 3.1, he shall do so
by giving a 30-day written notice to Company that he has elected to terminate
his employment hereunder and stating the effective date and reason for such
termination, provided that no such action shall alter or amend any other
provisions hereof or rights arising hereunder.

         3.5 DEEMED RESIGNATIONS. Any termination of Executive's employment
shall constitute an automatic resignation of Executive as an officer of Company
and each Affiliate of Company, and an automatic resignation of Executive from
the Board (if applicable) and from the board of directors of any Affiliate of
Company and from the board of directors or similar governing body of any
corporation, limited liability company or other entity in which Company or any
Affiliate holds an equity interest and with respect to which board or similar
governing body Executive serves as Company's or such Affiliate's designee or
other representative.

ARTICLE 4: COMPENSATION AND BENEFITS

         4.1 BASE SALARY. During the period of this Agreement, Executive shall
receive a minimum Annual Base Salary of $309,400. Executive's Annual Base Salary
shall be reviewed by the Compensation Committee on an annual basis, and, in the
sole discretion of the

                                       7
<PAGE>

Compensation Committee, such Annual Base Salary may be increased, but not
decreased, effective as of any date determined by the Compensation Committee.
Executive's Annual Base Salary shall be paid in equal installments in accordance
with Company's standard policy regarding payment of compensation to executives
but no less frequently than monthly.

         4.2 BONUSES. Executive shall be eligible to participate in Company's
annual bonus plan or plans applicable to Executive as approved from time to time
by the Board or the Compensation Committee in amounts to be determined by the
Compensation Committee based upon criteria established by the Compensation
Committee.

         4.3 OTHER PERQUISITES. During his employment hereunder, Executive shall
be afforded the following benefits as incidences of his employment:

                  (a) BUSINESS AND ENTERTAINMENT EXPENSES - Subject to Company's
         standard policies and procedures with respect to expense reimbursement
         as applied to its executive employees generally, Company shall no less
         frequently than monthly reimburse Executive for, or pay on behalf of
         Executive, reasonable and appropriate expenses incurred by Executive
         for business related purposes, including dues and fees to industry and
         professional organizations and costs of entertainment and business
         development.

                  (b) VACATION - During his employment hereunder, Executive
         shall be entitled to five weeks of paid vacation each calendar year (or
         such greater amount of vacation as provided to executives of Company
         generally) and to all holidays provided to executives of Company
         generally.

                  (c) AUTOMOBILE - The Company shall lease for and provide to
         Executive a vehicle designated by Executive; provided, however, that
         the lease cost to the Company of such vehicle shall not exceed $800 per
         month.

                  (d) OTHER COMPANY BENEFITS - Executive and, to the extent
         applicable, Executive's spouse, dependents and beneficiaries, shall be
         allowed to participate in all benefits, plans and programs, including
         improvements or modifications of the same, which are now, or may
         hereafter be, available to other executive employees of Company. Such
         benefits, plans and programs shall include, without limitation, any
         profit sharing plan, thrift plan, health insurance or health care plan,
         life insurance, disability insurance, pension plan, supplemental
         retirement plan, vacation and sick leave plan, and the like which may
         be maintained by Company. Company shall not, however, by reason of this
         paragraph be obligated to institute, maintain, or refrain from
         changing, amending, or discontinuing, any such benefit plan or program,
         so long as such changes are similarly applicable to executive employees
         generally.

ARTICLE 5: EFFECT OF TERMINATION ON COMPENSATION; ADDITIONAL PAYMENTS

         5.1 TERMINATION OTHER THAN AN INVOLUNTARY TERMINATION. If Executive's
employment hereunder shall terminate upon expiration of the term provided in
Section 3.1 hereof because either party has provided the notice contemplated in
such paragraph, or if Executive's employment hereunder shall terminate for any
other reason except those described in Sections

                                       8
<PAGE>

5.2 and 5.3, then all compensation and all benefits to Executive hereunder shall
continue to be provided until the date of such termination of employment and
such compensation and benefits shall terminate contemporaneously with such
termination of employment.

         5.2 INVOLUNTARY TERMINATION OTHER THAN DURING A CHANGE OF CONTROL
PERIOD. Subject to the provisions of Section 5.6 hereof, if Executive's
employment by Company or any subsidiary thereof or successor thereto shall be
subject to an Involuntary Termination which occurs prior to a Change of Control
or after the expiration of a Change of Control Period, then Company shall, as
additional compensation for services rendered to Company (including its
subsidiaries), pay to Executive the following amounts and take the following
actions after the last day of Executive's employment with Company:

                  (a) Pay Executive the Monthly Severance Amount on the first
         day of each month throughout the Severance Period; provided, however,
         that if commencement of such payments would cause any part of the
         Monthly Severance Amount to be subject to additional taxes and interest
         under Section 409A of the Code, then the payment of the Monthly
         Severance Amount shall be deferred to the earliest date upon which such
         payments can commence without being subject to such additional taxes
         and interest and the first payment of the Monthly Severance Amount
         shall include all amounts that would have been paid prior to the date
         of such payment but for the deferral required pursuant to this
         sentence.

                  (b) Cause Executive and those of his dependents (including his
         spouse) who were covered under Company's medical and dental benefit
         plans on the day prior to Executive's Involuntary Termination to
         continue to be covered under such plans (or to receive equivalent
         benefits) throughout the Severance Period at no greater cost to
         Executive than that applicable to a similarly situated Company
         executive who has not terminated employment; provided, however, that
         (i) such coverage shall terminate if and to the extent Executive
         becomes eligible to receive medical and dental coverage from a
         subsequent employer (and any such eligibility shall be promptly
         reported to Company by Executive), (ii) if Executive (and/or his
         spouse) would have been entitled to retiree medical and/or dental
         coverage under Company's plans had he voluntarily retired on the date
         of such Involuntary Termination, then such coverages shall be continued
         as provided under such plans, and (iii) such coverage to Executive (or
         the receipt of equivalent benefits) shall be provided under one or more
         insurance policies so that reimbursement or payment of benefits to
         Executive thereunder shall not result in taxable income to Executive
         (or, if any such reimbursement or payment of benefits is taxable, then
         Company shall pay to Executive an amount as shall be required to hold
         Executive harmless from any additional tax liability (including
         liability under Section 409A of the Code) resulting from the failure by
         Company to so provide insurance policies so that reimbursement or
         payment of benefits to Executive thereunder shall not result in taxable
         income to Executive).

         5.3 INVOLUNTARY TERMINATION DURING A CHANGE OF CONTROL PERIOD. Subject
to the provisions of Section 5.6 hereof, if Executive's employment by Company or
any subsidiary thereof or successor thereto shall be subject to an Involuntary
Termination during a Change of Control Period, then Company shall, as additional
compensation for services rendered to

                                       9
<PAGE>

Company (including its subsidiaries), pay to Executive the following amounts and
take the following actions after the last day of Executive's employment with
Company:

                  (a) Pay Executive a lump sum cash payment in an amount equal
         to the Severance Amount on or before the fifth day after the last day
         of Executive's employment with Company; provided, however, that if the
         lump sum cash payment would be subject to additional taxes and interest
         under Section 409A of the Code, then payment of the lump sum cash
         payment shall be deferred to the earliest date upon which such amount
         can be paid without being subject to such additional taxes and
         interest.

                  (b) Cause any and all outstanding options to purchase common
         stock of Company held by Executive to become immediately exercisable in
         full and cause Executive's accrued benefits under any and all
         nonqualified deferred compensation plans sponsored by Company to become
         immediately nonforfeitable.

                  (c) Cause Executive and those of his dependents (including his
         spouse) who were covered under Company's medical and dental benefit
         plans on the day prior to Executive's Involuntary Termination to
         continue to be covered under such plans (or to receive equivalent
         benefits) throughout the Severance Period at no greater cost to
         Executive than that applicable to a similarly situated Company
         executive who has not terminated employment; provided, however, that
         (i) such coverage shall terminate if and to the extent Executive
         becomes eligible to receive medical and dental coverage from a
         subsequent employer (and any such eligibility shall be promptly
         reported to Company by Executive), (ii) if Executive (and/or his
         spouse) would have been entitled to retiree medical and/or dental
         coverage under Company's plans had he voluntarily retired on the date
         of such Involuntary Termination, then such coverages shall be continued
         as provided under such plans, and (iii) such coverage to Executive (or
         the receipt of equivalent benefits) shall be provided under one or more
         insurance policies so that reimbursement or payment of benefits to
         Executive thereunder shall not result in taxable income to Executive
         (or, if any such reimbursement or payment of benefits is taxable, then
         Company shall pay to Executive an amount as shall be required to hold
         Executive harmless from any additional tax liability (including
         liability under Section 409A of the Code) resulting from the failure by
         Company to so provide insurance policies so that reimbursement or
         payment of benefits to Executive thereunder shall not result in taxable
         income to Executive).

         5.4 INTEREST ON LATE PAYMENTS. If any payment provided for in Section
5.2 or Section 5.3 hereof is not made when due, then Company shall pay to
Executive interest on the amount payable from the date that such payment should
have been made under such Section until such payment is made, which interest
shall be calculated at 2% plus the prime or base rate of interest announced by
JPMorgan Chase Bank (or any successor thereto) at its principal office in New
York, and shall change when and as any such change in such prime or base rate
shall be announced by such bank, and shall further hold Executive harmless from
any liability under Section 409A of the Code.

         5.5 PARACHUTE PAYMENTS. Notwithstanding anything to the contrary in
this Agreement, if Executive is a "disqualified individual" (as defined in
Section 280G(c) of the

                                       10
<PAGE>

Code), and the benefits provided for in this Article, together with any other
payments and benefits which Executive has the right to receive from Company and
its Affiliates, would constitute a "parachute payment" (as defined in Section
280G(b)(2) of the Code), then the benefits provided hereunder (beginning with
any benefit to be paid in cash hereunder) shall be either (1) reduced (but not
below zero) so that the present value of such total amounts and benefits
received by Executive from Company will be one dollar ($1.00) less than three
times Executive's "base amount" (as defined in Section 280G(b)(3) of the Code)
and so that no portion of such amounts and benefits received by Executive shall
be subject to the excise tax imposed by Section 4999 of the Code or (2) paid in
full, whichever produces the better net after-tax position to Executive (taking
into account any applicable excise tax under Section 4999 of the Code and any
other applicable taxes). The determination as to whether any such reduction in
the amount of the benefits provided hereunder is necessary shall be made by the
Compensation Committee in good faith. If a reduced cash payment is made and
through error or otherwise that payment, when aggregated with other payments and
benefits from Company (or its Affiliates) used in determining if a "parachute
payment" exists, exceeds one dollar ($1.00) less than three times Executive's
base amount, then Executive shall immediately repay such excess to Company upon
notification that an overpayment has been made. Nothing in this Section 5.5
shall require Company to be responsible for, or have any liability or obligation
with respect to, Executive's excise tax liabilities under Section 4999 of the
Code.

         5.6 RELEASE AND FULL SETTLEMENT. As a condition to the receipt of any
severance compensation and benefits under this Agreement, Executive will enter
into and deliver to the Company a separate full release and waiver substantially
in the form attached hereto as Exhibit A (with such changes to such form as the
Company may reasonably require to reflect the circumstances relating to the
termination of Executive's employment and/or changes in applicable law).
Notwithstanding anything to the contrary in this Agreement, severance
compensation and other benefits will not be payable by the Company unless and
until the release has been executed by Executive, has not been revoked and is no
longer subject to revocation by Executive.

         5.7 LIQUIDATED DAMAGES. In light of the difficulties in estimating the
damages for an early termination of Executive's employment under this Agreement,
Company and Executive hereby agree that the payments, if any, to be received by
Executive pursuant to this Article 5 shall be received by Executive as
liquidated damages.

         5.8 OTHER BENEFITS. This Agreement governs the rights and obligations
of Executive and Company with respect to Executive's base salary and certain
perquisites of employment. Except as expressly provided herein, Executive's
rights and obligations both during the term of his employment and thereafter
with respect to stock options, restricted stock, incentive and deferred
compensation, life insurance policies insuring the life of Executive, and other
benefits under the plans and programs maintained by Company shall be governed by
the separate agreements, plans and other documents and instruments governing
such matters.

ARTICLE 6: PROTECTION OF CONFIDENTIAL INFORMATION

         6.1 DISCLOSURE TO AND PROPERTY OF COMPANY. All information, designs,
ideas, concepts, improvements, product developments, discoveries and inventions,
whether patentable

                                       11
<PAGE>

or not, that are conceived, made, developed or acquired by Executive,
individually or in conjunction with others, during the period of Executive's
employment by Company (whether during business hours or otherwise and whether on
Company's premises or otherwise) that relate to Company's (or any of its
Affiliates') business, trade secrets, products or services (including, without
limitation, all such information relating to corporate opportunities, product
specification, compositions, manufacturing and distribution methods and
processes, research, financial and sales data, pricing terms, evaluations,
opinions, interpretations, acquisitions prospects, the identity of customers or
their requirements, the identity of key contacts within the customer's
organizations or within the organization of acquisition prospects, marketing and
merchandising techniques, business plans, computer software or programs,
computer software and database technologies, prospective names and marks)
(collectively, "CONFIDENTIAL INFORMATION") shall be disclosed to Company and are
and shall be the sole and exclusive property of Company (or its Affiliates).
Moreover, all documents, videotapes, written presentations, brochures, drawings,
memoranda, notes, records, files, correspondence, manuals, models,
specifications, computer programs, E-mail, voice mail, electronic databases,
maps, drawings, architectural renditions, models and all other writings or
materials of any type embodying any of such information, ideas, concepts,
improvements, discoveries, inventions and other similar forms of expression
(collectively, "WORK PRODUCT") are and shall be the sole and exclusive property
of Company (or its Affiliates). Upon Executive's termination of employment with
Company, for any reason, Executive promptly shall deliver such Confidential
Information and Work Product, and all copies thereof, to Company.

         6.2 DISCLOSURE TO EXECUTIVE. Company has and will disclose to
Executive, or place Executive in a position to have access to or develop,
Confidential Information and Work Product of Company (or its Affiliates); and/or
has and will entrust Executive with business opportunities of Company (or its
Affiliates); and/or has and will place Executive in a position to develop
business good will on behalf of Company (or its Affiliates). Executive agrees to
preserve and protect the confidentiality of all Confidential Information or Work
Product of Company (or its Affiliates).

         6.3 NO UNAUTHORIZED USE OR DISCLOSURE. Executive agrees that he will
not, at any time during or after Executive's employment by Company, make any
unauthorized disclosure of, and will prevent the removal from Company premises
of, Confidential Information or Work Product of Company (or its Affiliates), or
make any use thereof, except in the carrying out of Executive's responsibilities
during the course of Executive's employment with Company. Executive shall use
commercially reasonable efforts to cause all persons or entities to whom any
Confidential Information shall be disclosed by him hereunder to observe the
terms and conditions set forth herein as though each such person or entity was
bound hereby. Executive shall have no obligation hereunder to keep confidential
any Confidential Information if and to the extent disclosure thereof is
specifically required by law; provided, however, that in the event disclosure is
required by applicable law, Executive shall provide Company with prompt notice
of such requirement prior to making any such disclosure, so that Company may
seek an appropriate protective order. At the request of Company at any time,
Executive agrees to deliver to Company all Confidential Information that he may
possess or control. Executive agrees that all Confidential Information of
Company (whether now or hereafter existing) conceived, discovered or made by him
during the period of Executive's employment by Company exclusively belongs to
Company (and not to Executive), and Executive will promptly disclose such
Confidential

                                       12
<PAGE>

Information to Company and perform all actions reasonably requested by Company
to establish and confirm such exclusive ownership. Affiliates of Company shall
be third party beneficiaries of Executive's obligations under this Article 6. As
a result of Executive's employment by Company, Executive may also from time to
time have access to, or knowledge of, Confidential Information or Work Product
of third parties, such as customers, suppliers, partners, joint venturers, and
the like, of Company and its Affiliates. Executive also agrees to preserve and
protect the confidentiality of such third party Confidential Information and
Work Product to the same extent, and on the same basis, as Company's
Confidential Information and Work Product.

         6.4 OWNERSHIP BY COMPANY. If, during Executive's employment by Company,
Executive creates any work of authorship fixed in any tangible medium of
expression that is the subject matter of copyright (such as videotapes, written
presentations, or acquisitions, computer programs, E-mail, voice mail,
electronic databases, drawings, maps, architectural renditions, models, manuals,
brochures, or the like) relating to Company's business, products, or services,
whether such work is created solely by Executive or jointly with others (whether
during business hours or otherwise and whether on Company's premises or
otherwise), including any Work Product, Company shall be deemed the author of
such work if the work is prepared by Executive in the scope of Executive's
employment; or, if the work is not prepared by Executive within the scope of
Executive's employment but is specially ordered by Company as a contribution to
a collective work, as a part of a motion picture or other audiovisual work, as a
translation, as a supplementary work, as a compilation, or as an instructional
text, then the work shall be considered to be work made for hire and Company
shall be the author of the work. If such work is neither prepared by Executive
within the scope of Executive's employment nor a work specially ordered that is
deemed to be a work made for hire, then Executive hereby agrees to assign, and
by these presents does assign, to Company all of Executive's worldwide right,
title, and interest in and to such work and all rights of copyright therein.

         6.5 ASSISTANCE BY EXECUTIVE. During the period of Executive's
employment by Company and thereafter, Executive shall reasonably assist Company
and its nominee, at any time, in the protection of Company's (or its
Affiliates') worldwide right, title and interest in and to Work Product and the
execution of all formal assignment documents requested by Company or its nominee
and the execution of all lawful oaths and applications for patents and
registration of copyright in the United States and foreign countries.

         6.6 REMEDIES. Executive acknowledges that money damages would not be
sufficient remedy for any breach of this Article 6 by Executive, and Company or
its Affiliates shall be entitled to enforce the provisions of this Article 6 by
terminating payments then owing to Executive under this Agreement or otherwise
and to specific performance and injunctive relief as remedies for such breach or
any threatened breach. Such remedies shall not be deemed the exclusive remedies
for a breach of this Article 6 but shall be in addition to all remedies
available at law or in equity, including the recovery of damages from Executive
and his agents.

ARTICLE 7: NON-COMPETITION OBLIGATIONS

         7.1 GENERAL. As part of the consideration for Company's employment of
Executive and the compensation and benefits that may be paid to Executive
hereunder; to protect the trade secrets and Confidential Information of Company
or its Affiliates that have been and will in the

                                       13
<PAGE>

future be disclosed or entrusted to Executive, the business good will of Company
or its Affiliates that has been and will in the future be developed in
Executive, or the business opportunities that have been and will in the future
be disclosed or entrusted to Executive by Company or its Affiliates; and as an
additional incentive for Company to enter into this Agreement, Company and
Executive agree to the provisions of this Article 7. Executive agrees that
during his employment with Company and for a period of two (2) years following
the termination of Executive's employment with Company for any reason (the
"NON-COMPETE PERIOD"), Executive shall not:

                  (a) directly or indirectly, either as principal, agent,
         independent contractor, consultant, director, officer, employee,
         employer, advisor, stockholder, partner or in any other individual or
         representative capacity whatsoever, either for his own benefit or for
         the benefit of any other person or entity either (i) hire, contract or
         solicit, or attempt any of the foregoing with respect to hiring any
         employee of Company or its Affiliates, or (ii) induce or otherwise
         counsel, advise, or encourage any employee of Company or its Affiliates
         to leave the employment of Company or its affiliates; and

                  (b) within 150 air miles of any office or shop of Company
         existing at the time of such employment or such termination, as
         applicable:

                           (i) directly or indirectly participate in the
                  ownership, management, operation or control of, or be
                  connected as an officer, employee, partner, director,
                  contractor or otherwise with, or have any financial interest
                  in or act as a consultant to any business in any of the
                  business territories in which Company is presently or from
                  time-to-time conducting business that either conducts a
                  business substantially similar to that conducted by Company or
                  its Affiliates or provides or sells a service or product that
                  is the same, substantially similar to or otherwise competitive
                  with the products and services provided or sold by Company or
                  its Affiliates (a "COMPETITIVE OPERATION"); provided, however,
                  that this provision shall not preclude Executive after the
                  termination of his employment with Company from owning less
                  than 2% of the equity securities of any publicly held
                  Competitive Operation so long as Executive does not serve as
                  an employee, officer, director or consultant to such business;

                           (ii) directly or indirectly, either as principal,
                  agent, independent contractor, consultant, director, officer,
                  employee, employer, advisor, stockholder, partner or in any
                  other individual or representative capacity whatsoever, either
                  for his own benefit or for the benefit of any other person or
                  entity call upon, solicit, divert or take away, any customer
                  or vendor of Company or its Affiliates with whom Executive
                  dealt, directly or indirectly, during his engagement with
                  Company or its Affiliates, in connection with a Competitive
                  Operation; or

                           (iii) call upon any prospective acquisition candidate
                  on Executive's own behalf or on behalf of any Competitive
                  Operation, which candidate is a Competitive Operation or which
                  candidate was, to Executive's knowledge after due inquiry,
                  either called upon by Company or for which Company or any of
                  its Affiliates made an acquisition analysis, for the purpose
                  of acquiring such entity.

                                       14
<PAGE>

         7.2 NON-DISPARAGEMENT. During Executive's employment with Company and
following any termination of employment with Company, each of Company and
Executive agree not to disparage, either orally or in writing, the other, or any
of the business, products, services or practices of the Company, or any of their
directors, officers, agents, representatives, stockholders, employees or
Affiliates.

         7.3 REMEDIES. Executive acknowledges that money damages would not be
sufficient remedy for any breach of this Article 7 by Executive, and Company or
its Affiliates shall be entitled to enforce the provisions of this Article 7 by
terminating payments then owing to Executive under this Agreement or otherwise
and to specific performance and injunctive relief as remedies for such breach or
any threatened breach. Such remedies shall not be deemed the exclusive remedies
for a breach of this Article 7 but shall be in addition to all remedies
available at law or in equity, including the recovery of damages from Executive
and his agents.

         7.4 REFORMATION. Company and Executive agree that the foregoing
restrictions are reasonable under the circumstances and that any breach of the
covenants contained in this Article 7 would cause irreparable injury to Company.
Executive understands that the foregoing restrictions may limit Executive's
ability to engage in certain businesses anywhere in the United States during the
Non-Compete Period, but acknowledges that Executive will receive sufficiently
high remuneration and other benefits from Company to justify such restriction.
Further, Executive acknowledges that his skills are such that he can be
gainfully employed in non-competitive employment, and that the agreement not to
compete will in no way prevent him from earning a living. Nevertheless, if any
of the aforesaid restrictions are found by a court of competent jurisdiction to
be unreasonable, or overly broad as to geographic area or time, or otherwise
unenforceable, the parties intend for the restrictions therein set forth to be
modified by the court making such determination so as to be reasonable and
enforceable and, as so modified, to be fully enforced. By agreeing to this
contractual modification prospectively at this time, Company and Executive
intend to make this provision enforceable under the law or laws of all
applicable States so that the entire agreement not to compete and this Agreement
as prospectively modified shall remain in full force and effect and shall not be
rendered void or illegal. Such modification shall not affect the payments made
to Executive under this Agreement.

ARTICLE 8: MISCELLANEOUS

         8.1 INDEMNIFICATION. If Executive shall obtain any money judgment or
otherwise prevail with respect to any litigation brought by Executive or Company
to enforce or interpret any provision contained herein, Company, to the fullest
extent permitted by applicable law, hereby indemnifies Executive for his
reasonable attorneys' fees and disbursements incurred in such litigation and
hereby agrees (i) to pay in full all such fees and disbursements and (ii) to pay
prejudgment interest on any money judgment obtained by Executive from the
earliest date that payment to him should have been made under this Agreement
until such judgment shall have been paid in full, which interest shall be
calculated at 2% plus the prime or base rate of interest announced by JPMorgan
Chase Bank (or any successor thereto) at its principal office in New York, and
shall change when and as any such change in such prime or base rate shall be
announced by such bank.

                                       15
<PAGE>

         8.2 PAYMENT OBLIGATIONS ABSOLUTE. Except as specifically provided in
Sections 6.6 and 7.4, Company's obligation to pay (or cause one of its
subsidiaries to pay) Executive the amounts and to make the arrangements provided
herein shall be absolute and unconditional and shall not be affected by any
circumstances, including, without limitation, any set-off, counterclaim,
recoupment, defense or other right which Company (including its subsidiaries)
may have against him or anyone else. All amounts payable by Company (including
its subsidiaries hereunder) shall be paid without notice or demand. Executive
shall not be obligated to seek other employment in mitigation of the amounts
payable or arrangements made under any provision of this Agreement, and, except
as provided in Sections 5.2(b) or 5.3(c) hereof, the obtaining of any such other
employment shall in no event effect any reduction of Company's obligations to
make (or cause to be made) the payments and arrangements required to be made
under this Agreement.

         8.3 NOTICES. For purposes of this Agreement, notices and all other
communications provided for herein shall be in writing and shall be deemed to
have been duly given when personally delivered or when mailed by United States
registered or certified mail, return receipt requested, postage prepaid,
addressed as follows:

         IF TO COMPANY TO:         Superior Well Services, Inc.
                                   1380 Rt. 286 East, Suite #121
                                   Indiana, Pennsylvania 15701
                                   Attention: Chairman of the Board of Directors

         IF TO EXECUTIVE TO:       David E. Wallace
                                   110 Franklin Circle
                                   Indiana, PA 15701

or to such other address as either party may furnish to the other in writing in
accordance herewith, except that notices or changes of address shall be
effective only upon receipt.

         8.4 APPLICABLE LAW. This Agreement is entered into under, and shall be
governed for all purposes by, the laws of the Commonwealth of Pennsylvania.

         8.5 NO WAIVER. No failure by either party hereto at any time to give
notice of any breach by the other party of, or to require compliance with, any
condition or provision of this Agreement shall be deemed a waiver of similar or
dissimilar provisions or conditions at the same or at any prior or subsequent
time.

         8.6 SEVERABILITY. Any provision in this Agreement which is prohibited
or unenforceable in any jurisdiction by reason of applicable law shall, as to
such jurisdiction, be ineffective only to the extent of such prohibition or
unenforceability without invalidating or affecting the remaining provisions
hereof, and any such prohibition or unenforceability in any jurisdiction shall
not invalidate or render unenforceable such provision in any other jurisdiction.

         8.7 COUNTERPARTS. This Agreement may be executed in one or more
counterparts, each of which shall be deemed to be an original, but all of which
together will constitute one and the same Agreement.

                                       16
<PAGE>

         8.8 WITHHOLDING OF TAXES AND OTHER EMPLOYEE DEDUCTIONS. Company may
withhold from any benefits and payments made pursuant to this Agreement all
federal, state, city and other taxes as may be required pursuant to any law or
governmental regulation or ruling and all other normal employee deductions made
with respect to Company's employees generally.

         8.9 HEADINGS. The paragraph headings have been inserted for purposes of
convenience and shall not be used for interpretive purposes.

         8.10 GENDER AND PLURALS. Wherever the context so requires, the
masculine gender includes the feminine or neuter, and the singular number
includes the plural and conversely.

         8.11 ASSIGNMENT. This Agreement shall be binding upon and inure to the
benefit of Company and any successor of Company, by merger or otherwise. This
Agreement shall also be binding upon and inure to the benefit of Executive and
his estate. If Executive shall die prior to full payment of amounts due pursuant
to this Agreement, such amounts shall be payable pursuant to the terms of this
Agreement to his estate. Executive shall not have any right to pledge,
hypothecate, anticipate or assign this Agreement or the rights hereunder, except
by will or the laws of descent and distribution.

         8.12 TERM. This Agreement has a term co-extensive with the term of
employment provided in Section 3.1. Termination shall not affect any right or
obligation of any party which is accrued or vested prior to such termination.

         8.13 ENTIRE AGREEMENT. This Agreement constitutes the entire agreement
of the parties with regard to the subject matter hereof, and contains all the
covenants, promises, representations, warranties and agreements between the
parties with respect to such subject matter. Without limiting the scope of the
preceding sentence, all understandings and agreements preceding the date of
execution of this Agreement and relating to the subject matter hereof are hereby
null and void and of no further force and effect, including, without limitation,
all prior employment and severance agreements, if any, by and between Company
and Executive. Any modification of this Agreement will be effective only if it
is in writing and signed by the party to be charged.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
the 3rd day of August, 2005, to be effective as of the Effective Date.

                                             SUPERIOR WELL SERVICES, INC.

                                             By: /s/ Thomas W. Stoelk
                                                -----------------------------
                                                Name: Thomas W. Stoelk
                                                Title: Chief Financial Officer

                                                                         COMPANY

                                       17
<PAGE>

                                               By: /s/ David E. Wallace
                                                  -----------------------------
                                                  Name:  David E. Wallace
                                                  Title: CEO

                                                                       EXECUTIVE

                                       18
<PAGE>

                                    EXHIBIT A

                                RELEASE AGREEMENT

         This Release Agreement (this "Agreement") constitutes the release
referred to in that certain Employment Agreement (the "Employment Agreement")
dated as of August 3, 2005, by and between David E. Wallace ("Executive") and
Superior Well Services, Inc. (the "Company").

         For good and valuable consideration, including the Company's provision
of certain payments and benefits to Executive in accordance with Section 5.2 or
5.3 of the Employment Agreement, Executive hereby releases, discharges and
forever acquits the Company, its Affiliates and the past, present and future
stockholders, members, partners, directors, managers, employees, agents,
attorneys, heirs, legal representatives, successors and assigns of the
foregoing, in their personal and representative capacities (collectively, the
"Company Parties"), from liability for, and hereby waives, any and all claims,
damages, or causes of action of any kind related to Executive's employment with
any Company Party, the termination of such employment, and any other acts or
omissions related to any matter with respect to Executive's employment with the
Company on or prior to the date of this Agreement including without limitation
any alleged violation through the date of this Agreement of: (i) the Age
Discrimination in Employment Act of 1967, as amended; (ii) Title VII of the
Civil Rights Act of 1964, as amended; (iii) the Civil Rights Act of 1991; (iv)
Section 1981 through 1988 of Title 42 of the United States Code, as amended; (v)
the Employee Retirement Income Security Act of 1974, as amended; (vi) the
Immigration Reform Control Act, as amended; (vii) the Americans with
Disabilities Act of 1990, as amended; (viii) the Fair Labor Standards Act, as
amended; (ix) the Occupational Safety and Health Act, as amended; (x) the Worker
Adjustment and Retraining Notification Act of 1988; (xi) the Sarbanes-Oxley Act
of 2002; (xii) the Pennsylvania Human Relations Act; (xiii) the Pennsylvania
Minimum Wage Act; (xiv) the Pennsylvania Equal Pay Law, as amended; (xv) the
Pennsylvania Wage Payment and Collection Law, as amended; (xvi) any other state
anti-discrimination law; (xvii) any other state wage and hour law; (xviii) any
other local, state or federal law, regulation, or ordinance; (xix) any public
policy, contract, tort, or common law claim; (xx) any allegation for costs,
fees, or other expenses including attorneys' fees incurred in these matters;
(xxi) any and all rights, benefits, or claims Executive may have under any
employment contract, incentive compensation plan, or stock option plan with any
Company Party, or to any ownership interest in any Company Party, except as
expressly provided in the Employment Agreement and any incentive compensation,
equity, or stock option plan or agreement between Executive and the Company or
except as arising out of Executive's current status as a holder of equity in any
Company Party; and (xxii) any claim for compensation or benefits of any kind not
expressly set forth in the Employment Agreement or any such incentive
compensation, equity, or stock option plan or agreement (collectively, the
"Released Claims"). This Agreement is not intended to indicate that any such
claims exist or that, if they do exist, they are meritorious. Rather, Executive
is simply agreeing that, in exchange for the consideration recited in the first
sentence of this paragraph, any and all potential claims of this nature that
Executive may have against the Company Parties, regardless of whether they
actually exist, are expressly settled, compromised and waived. By signing this
Agreement, Executive is bound by it. Anyone who succeeds to Executive's rights
and responsibilities, such as heirs or the

                                       19
<PAGE>

executor of Executive's estate, is also bound by this Agreement. This release
also applies to any claims brought by any person or agency or class action under
which Executive may have a right or benefit. THIS RELEASE INCLUDES MATTERS
ATTRIBUTABLE TO THE SOLE OR PARTIAL NEGLIGENCE (WHETHER GROSS OR SIMPLE) OR
OTHER FAULT, INCLUDING STRICT LIABILITY, OF ANY OF THE COMPANY PARTIES.

         Executive affirms that he has not filed, caused to be filed, and
presently is not a party to, any claim, complaint, or action against Employer in
any forum or form. Executive further affirms that he has been paid and/or has
received all leave (paid or unpaid), compensation, wages, bonuses, commissions,
and/or benefits to which he may be entitled and that no other leave (paid or
unpaid), compensation, wages, bonuses, commissions, and/or benefits are due to
him, except as provided in the Employment Agreement. Executive furthermore
affirms that he has no known workplace injuries or occupational diseases and has
been provided and/or has not been denied any leave requested under the Family
and Medical Leave Act of 1993. Executive agrees not to bring or join any lawsuit
against any of the Company Parties in any court relating to any of the Released
Claims. Executive represents that Executive has not brought or joined any
lawsuit or filed any charge or claim against any of the Company Parties in any
court or before any government agency and has made no assignment of any rights
Executive has asserted or may have against any of the Company Parties to any
person or entity, in each case, with respect to any Released Claims. If
Executive brings or joins any lawsuit against any of the Company Parties in any
court (except as necessary to protect Executive's rights under this release or
with respect to Executive's entry into this release) relating to any of the
Released Claims, and Executive is the prevailing party in such lawsuit,
Executive shall be obligated to return to the Company all amounts paid to
Executive under this release, to the extent permitted under applicable law and
ordered by the court. Further, if Executive violates the covenant not to sue set
forth in this paragraph, Executive shall be required to pay all costs and
expenses (including the reasonable fees of counsel, related disbursements of
counsel and court costs) incurred by any Company Party to defend such lawsuit or
other claim.

         By executing and delivering this Agreement, Executive acknowledges
that:

                  (a) Executive has carefully read this Agreement;

                  (b) Executive has had at least 21 days to consider this
         Agreement before the execution and delivery hereof to the Company;

                  (c) Executive has been and hereby is advised in writing that
         Executive may, at Executive's option, discuss this Agreement with an
         attorney of Executive's choice and that Executive has had adequate
         opportunity to do so; and

                  (d) Executive fully understands the final and binding effect
         of this Agreement; the only promises made to Executive to sign this
         Agreement are those stated in the Employment Agreement and herein; and
         Executive is signing this Agreement voluntarily and of Executive's own
         free will, and that Executive understands and agrees to each of the
         terms of this Agreement.

                                       20
<PAGE>

         Notwithstanding the initial effectiveness of this Agreement, Executive
may revoke the delivery (and therefore the effectiveness) of this Agreement
within the seven day period beginning on the date Executive delivers this
Agreement to the Company (such seven day period being referred to herein as the
"Release Revocation Period"). To be effective, such revocation must be in
writing signed by Executive and must be delivered to Jacob B. Linaberger before
11:59 p.m., August 9, 2005, Pennsylvania time, on the last day of the Release
Revocation Period. If an effective revocation is delivered in the foregoing
manner and timeframe, this Agreement shall be of no force or effect and shall be
null and void ab initio. No consideration shall be paid or provided if this
Agreement is revoked by Executive in the foregoing manner.

Executed on this 3rd day of August, 2005.

                                               /s/ David E. Wallace
                                               ---------------------------------

STATE OF PENNSYLVANIA      )
                           )
COUNTY OF INDIANA          )

         BEFORE ME, the undersigned authority personally appeared in person,
by me known or who produced valid identification as described below, who
executed the foregoing instrument and acknowledged before me that he subscribed
to such instrument on this 3rd day of August, 2005.

                                           /s/ Stacey Silk
                                           -------------------------------------
                                           NOTARY PUBLIC in and for the
                                           State of Pennsylvania

                                           My Commission Expires: May 9, 2009

                                           Identification produced:

                                       21

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00088-of-00352.parquet"}]]