Document:

Exhibit
      10.29

    [ION
      LETTERHEAD]

    

    December
      19, 2007

    Patrick
      Delaney

    Chief
      Financial Officer

    [Address]

    [City,
      State Zip]

    

    Dear
      Pat:

     

    The
      purpose of this letter is to clarify your relationship with Ion Networks,
      Inc.(the “Company”) in the 6 months from the closing of the sale of
      substantially all of the assets ( the “Sale”) of the Company to Cryptek,
      Inc.(“Cryptek”). You will continue to serve as Chief Financial Officer of the
      Company at your current salary with all benefits that are provided to you by
      the
      Company through its relationship with Adminstaff. In addition to your services
      listed below, you will continue to administer the public filings of the Company,
      subject to review by the Board of Directors of the Company (the “Board”), as
      well as with the Company’s accountants and attorneys. Such filings will include,
      without limitation, filings required as a result of the Sale. In light of the
      changed direction of the Company as contemplated by the Proxy Statement dated
      December 11, 2007 presented to shareholders, your services will now include
      your
      active involvement in the potential utilization of the Company’s public company
      status in order to effectuate a merger, consolidation, combination, exchange
      of
      shares or other possible transaction (the “Transaction”) with an unaffiliated
      third party. In connection therewith, you will work with Mr. Norm Corn, the
      Company’s Chief Executive Officer, the Board, the Company’s attorneys and
      accountants and, if called for by the Board, any investment banker offering
      advice and/or fairness opinions to consummate the Transaction. The Company
      also
      recognizes that despite your best efforts, a Transaction may not be completed
      for any number of reasons, including a decision by the Board that it is not
      in
      the best interests of the Company’s shareholders. If that is the case, you will
      work, if and to the extent directed by the Board, to take such other and further
      actions, including the distribution of the remaining cash proceeds of the Sale
      to the shareholders of the Company and to effectuate an ordinary liquidation
      of
      the Company, including deregistering the Company as a public company. Towards
      that end, you will keep the Board current on the budgetary requirements of
      the
      Company and will make provision for payment of the net proceeds distributable
      to
      stockholders in accordance with the Company’s Articles of Incorporation, as
      determined by the Board in conjunction with legal counsel.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If
      for
      any reason, the closing of the Sale to Cryptek does not occur on or before
      January 31, 2008, this letter agreement will be null and void.

     

    It
      is
      recognized and agreed that your current agreements with Company provide for
      a
      severance payment under certain circumstances (the “Severance”). It is agreed
      that 50% of such entitlement will be paid within 3 business days of the closing
      of the Sale and that 50% will be paid at the expiration of the term of this
      engagement. The Company further agrees that if the Board determines that you
      have completed your duties before the expiration of the six month engagement,
      it
      will pay you your remaining salary for the six month term and the second half
      of
      the severance payment at or about the time of such determination.

     

    Provided
      that the Company complies with the terms hereof, you waive any other or further
      claim with respect to the Severance, or any other claim to compensation or
      benefits except as provided herein. The Company recognizes that although the
      foregoing is intended to be your primarily responsibility for the next 6 months,
      it may not require your full time and attention. Recognizing this possibility,
      the Company consents in your engaging in other activates that are not in any
      way
      in conflict with the responsibilities set forth above and that will not detract
      from the time and energies needed to fulfill your obligations to the Company.
      You acknowledge that you have the opportunity to carefully review the above,
      and
      if you deem appropriate to seek your own legal advice and counsel in connection
      with this agreement. This agreement shall be governed by and construed in
      accordance with the laws of the State of New Jersey and may not be amended
      except by a duly executed amendment singed by the parties. 

     

    
      	 	 	 
	 	
              ION
                NETWORKS, INC.

            
	 
 	 
 	 
 
	
            	By:	/s/
              Stephen M. Deixler
	 	
              

               

              /s/
                Patrick Delaney

              
                

              

            
	 	Patrick DelaneyEXHIBIT
      10.16

     

    EMPLOYMENT
      AGREEMENT

     

    This
      Employment Agreement (this “Agreement”)
      dated
      March 30, 2008 (the “Commencement
      Date”)
      is by
      and between United Fuel & Energy Corporation, a Nevada corporation
      (“Employer”),
      and
      Joseph Juliano (“Employee”
and,
      together with Employer, the “Parties”
and
      each individually, a “Party”).

     

    AGREEMENT:

     

    In
      consideration of the premises and the mutual promises herein made, and in
      consideration of the representations, warranties, and covenants contained
      herein, each Party agrees as follows:

     

    1. Employment
      Term.
      This
      Agreement will remain in effect from the Commencement Date and shall end on
      the
      date that is the first anniversary of the Commencement Date unless this
      Agreement is earlier terminated in accordance with its express terms (the
“Initial
      Term”);
      provided,
      however,
      that
      upon the expiration of the Initial Term, and on each anniversary of the
      Commencement Date thereafter, the term of this Agreement shall automatically
      extend for an additional one-year term (each a “Renewal
      Term,”
and
      together with the Initial Term, the “Employment
      Term”)
      unless
      (a) either Party gives the other Party four (4) months’ notice of its desire not
      to extend this Agreement prior to the expiration of the Initial Term or Renewal
      Term, as applicable, or (b) this Agreement is earlier terminated in accordance
      with its express terms.

     

    2. Responsibilities
      and Authority.
      Employer hereby employs Employee to serve as its Executive Vice President and
      Chief Operating Officer. In such capacity, Employee will have such duties and
      responsibilities as determined by Employer’s Board
      of
      Directors and
      Chief
      Executive Officer consistent with the Employer’s Bylaws. If requested by
      Employer, Employee will serve as an officer or director of any subsidiary of
      Employer without additional compensation.

     

    3. Acceptance
      of Employment.
      Employee accepts employment by Employer on the terms and conditions herein
      provided and agrees, subject to the terms of this Agreement, to devote all
      of
      Employee’s full business time to Employer’s affairs. Employee shall not during
      the Employment Term engage, directly or indirectly, in any other business
      activity (whether or not pursued for pecuniary advantage) which might interfere
      with Employee’s duties and responsibilities hereunder.

     

    4. Compensation
      and Benefits.
      As
      compensation for Employee’s services hereunder, Employee will be entitled to the
      following:

     

    4.1 Base
      Salary.
      From
      and after the Commencement Date, Employee will receive a base salary at the
      rate
      of $225,000 per annum (“Base
      Salary”).
      The
      Base Salary will be paid in substantially equal installments in accordance
      with
      Employer’s regular payroll practices, as in effect from time to time, and
      subject to all appropriate withholdings.

     

    4.2 Bonus.
      Employee shall be eligible to receive a cash bonus on an annual basis in the
      event that Employee meets certain performance criteria established in advance
      in
      writing by the Compensation Committee of Employer’s Board of Directors (the
“Compensation
      Committee”)
      for
      such year (“Performance
      Criteria”).
      Additional bonuses may be paid to Employee at such times and in such amounts
      as
      may be determined in the sole discretion of the Compensation Committee. If
      awarded, payment of all bonuses will be subject to all appropriate withholdings.
      

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.3 Stock
      Option. On
      the
      Commencement Date, Employee shall receive a one-time grant of an option to
      purchase up to 300,000 shares of common stock of Employer at an exercise price
      equal to the greater of (i) $1.20 per share, or (ii) the closing price of the
      Employer’s common stock on the Over The Counter Bulletin Board on the
      Commencement Date. The stock options shall be granted pursuant to the terms
      and
      conditions of the Employer’s 2005 Stock Incentive Plan, shall be evidenced by a
      separate standard form stock option agreement between the Employer and the
      Employee, shall have a term of ten years from the date of grant, and shall
      vest
      and become exercisable in twelve equal quarterly installments beginning on
      June
      30, 2008.

     

    4.4 Benefits.
      Employee will be entitled to receive the benefits specified on Exhibit
      A
      (“Benefits”).

     

    4.5 Expense
      Reimbursement.
      Employer will promptly reimburse Employee for all authorized expenses reasonably
      incurred or paid by Employee in connection with the performance of Employee’s
      services under this Agreement upon presentation of expense statements or
      vouchers and such other supporting information as Employer may from time to
      time
      reasonably require or request (“Reimbursable
      Expenses”).

     

    5. Termination;
      Payments upon Termination.
      This
      Agreement may be terminated upon the following terms:

     

    5.1 Termination
      Upon Death.
      If
      Employee should die during the Employment Term, this Agreement will terminate
      on
      the date of death. All Base Salary through such date and any amounts owed for
      Reimbursable Expenses that Employee incurs through such date, as well as any
      previously awarded but unpaid bonuses, will be paid to Employee’s designated
      beneficiary as promptly as practicable following the date of death. All Benefits
      will, unless otherwise expressly set forth on Exhibit
      A,
      otherwise provided by Employer policy applicable to its employees generally,
      or
      otherwise required by law, terminate on the date of death. In the event of
      Employee’s death, the stock option described above in Section 4.3 shall fully
      vest and become exercisable by Employee’s legal representative or authorized
      assignee for a period of no more than six (6) months following Employee’s date
      of death.

     

    5.2 Termination
      Upon Disability.
      This
      Agreement shall automatically terminate upon the Employee’s Disability (as
      defined below). The Base Salary will continue to be paid to Employee through
      the
      date of Disability, and any amounts owed for Reimbursable Expenses that Employee
      incurs through such date and any previously awarded but unpaid bonuses will
      be
      paid as promptly as practicable following such date. In such event of Employee’s
      Disability, Employer will also continue to pay Employee the Base Salary in
      effect at the time of such Disability for a period of 6 months following the
      date of Disability. All Benefits will, unless otherwise expressly set forth
      on
Exhibit
      A,
      otherwise provided by Employer policy applicable to its employees generally,
      or
      otherwise required by law, terminate on the date of termination. In the event
      of
      Employee’s Disability, the stock option described above in Section 4.3 shall
      fully vest and become exercisable by Employee for a period of no more than
      six
      (6) months following Employee’s date of Disability. “Disability”
means
      that the (i) Employee is unable to engage in any substantial gainful activity
      by
      reason of any medically determinable physical or mental impairment that can
      be
      expected to result in death or can be expected to last for a continuous period
      of not less than 12 months; (ii) Employee is, by reason of any medically
      determinable physical or mental impairment that can be expected to result in
      death or can be expected to last for a continuous period of not less than 12
      months, receiving income replacement benefits for a period of not less than
      three months under an accident and health plan covering employee’s of Employer;
      (iii) Employee is determined to be totally disabled by the Social Security
      Administration; or (iv) Employee is determined to be disabled in accordance
      with
      the disability insurance program under which the Employer has provided
      disability insurance to the Employee, provided that the definition of disability
      applied under such disability insurance program complies with the requirements
      of Treasury Regulation Section 1.409A-3(i)(4). If a disagreement arises between
      Employee and Employer as to whether Employee is suffering from Disability,
      such
      issue will be determined by a physician designated by Employer. Nothing in
      this
      Paragraph relieves the Employer of any of its obligations of reasonable
      accommodation under the Americans with Disabilities Act and/or the Texas
      Commission on Human Rights Act.

     

    
      
         

      

      
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    5.3 Termination
      by Employer With Cause.
      Employer will be entitled to terminate Employee’s employment at any time for
      Cause. The Base Salary will continue to be paid to Employee through the date
      of
      termination, and any amounts owed for Reimbursable Expenses that Employee incurs
      through such date will be paid to Employee following termination, subject to
      Employer’s right to offset against such sum the amount of any damages which
      Employer may suffer as a result of the actions of Employee constituting Cause.
      All Benefits will, unless otherwise required by law, terminate on the date
      of
      termination. “Cause”
will
      constitute any one of the following:

     

    (a) Employee’s
      continued failure to perform substantially Employee’s duties and
      responsibilities (other than a failure resulting from a Disability), provided
      that the Employer has previously addressed these failures with Employee and
      has
      given Employee a reasonable opportunity to cure;

     

    (b) Employee
      engaging in willful, reckless, or grossly negligent misconduct that is
      materially injurious to Employer, monetarily or otherwise;

     

    (c) Employee’s
      conviction of, plea of guilty or nolo contender to, or the issuance of an
      indictment or an information by a grand jury or prosecutor, as applicable,
      for,
      a felony or a crime involving moral turpitude;

     

    (d) Employee
      commits an act of fraud, misappropriation, or personal dishonesty (that is
      not
      de minimus); and

     

    (e) Employee
      commits a breach of this Agreement and fails to cure such breach within thirty
      (30) days from the date that Employer gives notice thereof to Employee
      identifying the provision of this Agreement that Employer has determined has
      been breached.

     

    
      
         

      

      
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    5.4 Termination
      by Employer Without Cause.
      Employer may at any time terminate Employee's employment without Cause. In
      such
      event, the Base Salary will continue to be paid through such the date of
      termination, and any amounts owed for Reimbursable Expenses that Employee incurs
      through such date and any previously awarded but unpaid bonus will be paid
      to
      Employee promptly following termination. Employer will also continue to pay
      Employee, as severance, the
      Base
      Salary for the remaining Employment Term
      in
      substantially equal installments in accordance with Employer’s regular payroll
      practices, as in effect from time to time, and subject to all appropriate
      withholdings. All Benefits will, unless otherwise expressly set forth on
Exhibit
      A
      or
      provided by Employer policy applicable to its employees generally or otherwise
      required by law, terminate on the date of termination. In the event that the
      Employee is involuntarily terminated without Cause, the stock option described
      above in Section 4.3 shall remain exercisable by Employee for a period of no
      more than three (3) months following the date of termination to the extent
      such
      option was vested and exercisable as of the date of termination.

     

    5.5 Effect
      of Termination.
      Except
      as expressly provided in this Section
      5
      and
      except for the obligations set forth in Sections
      6
      and
7,
      all
      further obligations of the Parties under this Agreement will terminate upon
      termination of Employee’s employment with Employer.

     

    6. Restrictive
      Covenants.
      Employee hereby acknowledges that, as a result of Employee’s employment by
      Employer hereunder, Employee will receive special training and education with
      respect to the operations of Employer’s and/or Employer’s affiliates’ businesses
      and other related matters, and will obtain access to such persons’ confidential
      information and business and professional contacts. In consideration of such
      special and unique opportunities afforded by Employer and its affiliates to
      Employee as a result of Employee’s employment, the Employee hereby agrees that
      Employee will not: 

     

    6.1 From
      the
      Commencement Date until one year after Employer no longer employs Employee
      (the
      date on which such person no longer employs Employee is hereinafter referred
      to
      as the “Employment
      Termination Date”),
      directly or indirectly, alone or as a partner, joint venturer, officer,
      director, member, employee, consultant, agent, independent contractor, or equity
      interest holder of, or lender to, any person or business, engage in the business
      of distributing
      gasoline, diesel, propane or lubricant products in
      any
      state of the United States where the Employer or its subsidiaries or affiliates
      do business as of the Employment Termination Date, other than of,
      by or
      through SC
      Fuels
      or any other business owned or operated by Frank P. Greinke or his family
      members or heirs by will or intestate succession.

     

    6.2 From
      the
      Commencement Date until
      one year
      after the Employment Termination Date, directly or indirectly (i) induce any
      person that is a customer of Employer to enter into any contract with or
      otherwise patronize any business directly or indirectly in competition with
      the
      Employer; (ii) request or advise any person who is a customer or vendor of
      Employer to withdraw, curtail, or cancel any such customer’s or vendor’s
      business with Employer.

     

    6.3 From
      the
      Commencement Date until
      six
      months after the Employment Termination Date, directly or indirectly employ,
      or
      knowingly permit any affiliate of Employee to employ, any person whom Employer
      employed within the prior six month period.

     

    
      
         

      

      
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    6.4 From
      the
      Commencement Date until
      one year
      after the Employment Termination Date, directly or indirectly (i) solicit for
      employment or other similar relationship with Employee, any of Employee’s
      affiliates or any other person, any employee of Employer or any person who
      was
      an employee of Employer within the six month period immediately preceding such
      solicitation of employment, other than such person (A) whose employment was
      terminated by the applicable person, or (B) who independently responded to
      a
      general solicitation for employment by Employee or Employee’s affiliate; or (ii)
      induce, or attempt to induce, any employee of Employer to terminate such
      employee’s employment relationship with such person.

     

    6.5 Employee
      will not use for Employee’s personal benefit, disclose, communicate, divulge to,
      or use for the direct or indirect benefit of any person other than Employer
      any
      of Employer’s Confidential Information. This Section
      6.5
      will
      apply during and after the period when Employee is an employee of Employer
      and
      will be in addition to (and not a limitation of) any legally applicable
      protections of Employer’s interest in confidential information, trade secrets
      and the like. “Confidential
      Information”
      includes (a) any information concerning the businesses and affairs of the
      Employer or its subsidiaries or affiliates transferred or transmitted in
      writing, orally, visually, electronically or by any other means, whether prior
      to, on or after the date hereof, (b) information provided to you by third
      parties under circumstances where you have an obligation not to disclose that
      information, and (c) any memoranda, reports, analyses, extracts or notes you
      produce that are based on, reflect or contain any of the Confidential
      Information. Confidential Information does not include any information that
      is
      or becomes generally available to the public other than as a result of a
      disclosure by you in violation of this Agreement.

     

    6.6 Any
      and
      all writings, inventions, improvements, processes, procedures advances,
      discoveries, works of authorship, and/or techniques (“Developments”)
      that
      Employee may make, conceive, discover, or develop, whether or not patentable,
      copyrightable, or protectable under mask works legislation or trademark laws,
      either solely or jointly with any other person, at any time during Employee’s
      employment with the Company, whether or not during working hours and whether
      or
      not at the request or upon the suggestion of Employer that relate to or are
      useful in connection with any business now or hereafter carried on or
      contemplated by Employer, including developments or expansions of its present
      fields of operations, will be Employer’s sole and exclusive property. Employee
      hereby assigns to Employer and/or Employer’s nominees all of Employee’s right,
      title, and interest in any Developments, and hereby irrevocably designates
      and
      appoints Employer and each of Employer’s duly authorized officers and agents as
      Employee’s agent and attorney-in-fact to act for and in Employee’s behalf and
      stead to execute and file any document and to do all other lawfully permitted
      acts to further the prosecution, issuance, and enforcement of Developments.
      Employee will make full disclosure to Employer of all such Developments and
      will
      do everything necessary or desirable to vest the absolute title thereto in
      Employer. Employee will write and prepare all specifications and procedures
      regarding such Developments and otherwise aid and assist Employer, any Acquired
      Entity, or any of their affiliates so that Employer, such Acquired Entity,
      or
      such affiliate, as the case may be, can prepare and present applications for
      copyright, letters patent therefor and can secure such copyright, letters
      patent, mask works, or trademark registrations, wherever possible, as well
      as
      reissues, renewals, and extensions thereof, and can obtain the record title
      to
      such copyright, letters patent, mask works, or trademark registrations so that
      Employer and/or its nominees will be the sole and absolute owner(s) thereof
      in
      all countries in which it may desire to have copyright, patent, mask work,
      or
      trademark protection. Employee will not be entitled to any additional or special
      compensation or reimbursement regarding any and all such Developments.

     

    
      
         

      

      
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    6.7 Notwithstanding
      the foregoing, the beneficial ownership of less than 1% of the equity interests
      of any person having a class of equity interests actively traded on a national
      securities exchange or over-the-counter market will not be deemed, in and of
      itself, to breach the prohibitions of this Section
      6.
      Employee agrees and acknowledges that the restrictions in this Section
      6
      are
      reasonable in scope and duration and are necessary to protect Employer. If
      any
      provision of this Section
      6,
      as
      applied to either Party or to any circumstance, is adjudged by a governmental
      body, arbitrator, or mediator not to be enforceable in accordance with its
      terms, the same will in no way affect any other circumstance or the
      enforceability of the remainder of this Agreement. If any such provision, or
      any
      part thereof, is held not to be enforceable in accordance with its terms because
      of the duration of such provision, the area covered thereby, or the scope of
      the
      activities covered, the Parties agree that the governmental body, arbitrator,
      or
      mediator making such determination will have the power to reduce the duration,
      area, and/or scope of activities of such provision, and/or to delete specific
      words or phrases, and in its reduced form such provision will then be
      enforceable in accordance with its terms and will be enforced. The Parties
      agree
      and acknowledge that the breach of any provision of this Section
      6
      will
      cause irreparable damage to Employer and upon breach of any provision of this
      Section
      6,
      Employer will be entitled to injunctive relief, specific performance, or other
      equitable relief without bond or other security; provided, however, that the
      foregoing remedies will in no way limit any other remedies that Employer may
      have. Employer may, without notifying Employee, notify any subsequent employer
      of Employee of Employee’s rights and obligations under this Section
      6.

     

    7. Conflicts
      of Interest.

     

    7.1 Employee
      represents to Employer as follows: (a) there are no restrictions, agreements,
      or
      understandings, oral or written, to which Employee is a party or by which
      Employee is bound that prevent or make unlawful Employee’s execution or
      performance of this Agreement, and (b) Employee does not have any business
      or
      other relationship that creates a conflict between the interests of Employee
      and
      Employer.

     

    7.2 Employee
      recognizes and agrees that Employee owes Employer and its affiliates a fiduciary
      duty of loyalty, fidelity, and allegiance to act at all times in the best
      interests of Employer and its affiliates and to do no act which might injure
      the
      business, interests, or reputation of Employer or any of its affiliates.
      Employee’s duty of loyalty will extend throughout the Employment Term. In
      keeping with Employee’s fiduciary duty to Employer and its affiliates, Employee
      agrees that, during the Employment Term, Employee will not knowingly become
      involved in a conflict between his personal interests and those of Employer
      or
      any of its affiliates, and, upon discovery thereof, will not willfully allow
      such conflict of interest to continue. Notwithstanding the foregoing, Employer
      acknowledges that Employee may have ownership interests in, may take certain
      actions on behalf of, or accept payments, services or loans from, SC Fuels
      or
      other businesses owned or operated by Frank P. Greinke or his family members
      or
      heirs by will or intestate succession and Employer shall not require Employee
      to
      discontinue such relationships; provided,
      however,
      that
      all such ownership interests, actions, payments, services or loans are disclosed
      in writing to the Employer in accordance with the Employer’s Code of Business
      Conduct and Ethics. Employee agrees to disclose in writing to Employer any
      facts
      that could reasonably be expected to involve a material conflict of interest
      upon Employee’s conscious awareness that such a material conflict could exist.
      Employee recognizes that it is impossible to provide an exhaustive list of
      actions or activities that constitute or might constitute a conflict of
      interest, but recognizes that these actions or activities may include the
      following:

     

    
      
         

      

      
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    (a) ownership
      of more than a 1% interest in any supplier, contractor, customer, or other
      person that does business with Employer or any of its affiliates;

     

    (b) acting
      in
      any capacity, including as a director, officer, employee, partner, consultant,
      or agent, for any supplier, contractor, customer, or other person that does
      business with Employer or any of its affiliates;

     

    (c) acceptance,
      directly or indirectly, of payments, services, or loans (other
      than entertainment, gifts, or other sales incentives that may be furnished
      in
      the ordinary course of business)
      from a
      supplier, contractor, customer, or other person that does business with Employer
      or any of its affiliates;

     

    (d) misuse
      or
      disclosure of information of any kind obtained through Employee’s relationship
      with Employer; and

     

    (e) appropriation
      by Employee or diversion to any other person, directly or indirectly, of any
      business opportunity in which it is known or could reasonably be anticipated
      that Employer or its affiliates would be interested.

     

    In
      further recognition of the fiduciary duties Employee owes to Employer and its
      affiliates, Employee agrees that all documentation that Employee provides to
      Employer will be accurate in all material respects, when taken as a whole and
      in
      light of the circumstances in which it was made.

     

    8. Miscellaneous.

     

    8.1 Entire
      Agreement.
      This
      Agreement constitutes the entire agreement and understanding of the Parties
      in
      respect of its subject matter and supersedes all prior understandings,
      agreements, or representations by or among the Parties, written or oral, to
      the
      extent they relate in any way to the subject matter hereof. Except for
      Employer’s affiliates, each of which will be deemed a third party beneficiary of
      all obligations of Employee under this Agreement, there are no third party
      beneficiaries having rights under or with respect to this
      Agreement.

     

    8.2 Successors.
      All of
      the terms, agreements, covenants, representations, warranties, and conditions
      of
      this Agreement are binding upon, and inure to the benefit of and are enforceable
      by, the Parties and their respective successors.

     

    8.3 Assignment.
      No
      Party may assign either this Agreement or any of its rights, interests, or
      obligations hereunder without the prior written approval of Employer and
      Employee; provided, however, that Employer may (a) assign any or all of its
      rights and interests hereunder to one or more of its affiliates and (b)
      designate one or more of its affiliates to perform its obligations hereunder
      (in
      any or all of which cases Employer nonetheless will remain responsible for
      the
      performance of all of its obligations hereunder).

     

    
      
         

      

      
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    8.4 Notices.
      All
      notices, requests, demands, claims and other communications hereunder will
      be in
      writing. Any notice, request, demand, claim or other communication hereunder
      will be deemed duly given if (and then three business days after) it is sent
      by
      registered or certified mail, return receipt requested, postage prepaid, and
      addressed to the intended recipient as set forth below:

     

    
      	 	
              If
                to Employer:

               

              Attn:
                Chuck McArthur

              405
                N. Marienfeld, Suite 300

              Midland,
                Texas 79701

              Tel:
                (432) 571-8000

              Fax:
                (432)
                687-5580

              

              If
                to Employee:

               

              Attn:
                _________________________________

              [Insert
                address]

              Tel:
                (___) _____________________________

              Fax:
                (___) _____________________________

            	 
	 	 	 

    

    Either
      Party may send any notice, request, demand, claim, or other communication
      hereunder to the intended recipient at the address set forth above using any
      other means (including personal delivery, expedited courier, messenger service,
      telecopy, telex, ordinary mail, or electronic mail), but no such notice,
      request, demand, claim, or other communication will be deemed to have been
      duly
      given unless and until it actually is received by the intended recipient. Either
      Party may change the address to which notices, requests, demands, claims, and
      other communications hereunder are to be delivered by giving the other Parties
      notice in the manner herein set forth.

     

    8.5 Submission
      to Jurisdiction; No Jury Trial.

     

    (a) Submission
      to Jurisdiction.
      Each
      Party submits to the jurisdiction of any state or federal court sitting in
      Midland, Texas, in any action arising out of or relating to this Agreement
      and
      agrees that all claims in respect of the action may be heard and determined
      in
      any such court. Nothing
      in this Section
      8.6(a)
      will
      affect the right of any Party to bring any action arising out of or relating
      to
      this Agreement in any other court.
      Each
      Party agrees that a final judgment in any action so brought will be conclusive
      and may be enforced by action on the judgment or in any other manner provided
      at
      law or in equity. Each Party waives any defense of inconvenient forum to the
      maintenance of any action so brought and waives any bond, surety, or other
      security that might be required of any other Party with respect
      thereto.

     

    (b) Waiver
      of Jury Trial.
      THE
      PARTIES EACH HEREBY AGREE TO WAIVE THEIR RESPECTIVE RIGHTS TO JURY TRIAL OF
      ANY
      DISPUTE BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY OTHER AGREEMENTS
      RELATING HERETO OR ANY DEALINGS BETWEEN THEM RELATING TO THE TRANSACTIONS
      CONTEMPLATED HEREBY. The scope of this waiver is intended to be all encompassing
      of any and all Actions that may be filed in any court and that relate to the
      subject matter of the transactions contemplated hereby, including Contract
      claims, tort claims, breach of duty claims, and all other common law and
      statutory claims. The Parties each acknowledge that this waiver is a material
      inducement to enter into a business relationship and that they will continue
      to
      rely on the waiver in their related future dealings. Each Party further
      represents and warrants that it has reviewed this waiver with its legal counsel,
      and that each knowingly and voluntarily waives its jury trial rights following
      consultation with legal counsel. NOTWITHSTANDING ANYTHING TO THE CONTRARY
      HEREIN, THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED ORALLY
      OR IN WRITING, AND THE WAIVER WILL APPLY TO ANY AMENDMENTS, RENEWALS,
      SUPPLEMENTS, OR MODIFICATIONS TO THIS AGREEMENT OR TO ANY OTHER DOCUMENTS OR
      AGREEMENTS RELATING HERETO. In the event of an Action, this Agreement may be
      filed as a written consent to trial by a court.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    8.6 Time.
      Time is
      of the essence in the performance of this Agreement.

     

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

     

    8.8 Headings.
      The
      article and section headings contained in this Agreement are inserted for
      convenience only and will not affect in any way the meaning or interpretation
      of
      this Agreement.

     

    8.9 Governing
      Law.
      This
      Agreement and the performance of the Parties’ obligations hereunder will be
      governed by and construed in accordance with the laws of the State of Texas,
      without giving effect to any choice of law principles.

     

    8.10 Amendments
      and Waivers.
      No
      amendment, modification, replacement, termination, or cancellation of any
      provision of this Agreement will be valid, unless the same will be in writing
      and signed by the Parties. No waiver by any Party of any default,
      misrepresentation, or breach of warranty or covenant hereunder, whether
      intentional or not, may be deemed to extend to any prior or subsequent default,
      misrepresentation, or breach of warranty or covenant hereunder or affect in
      any
      way any rights arising because of any prior or subsequent such
      occurrence.

     

    8.11 Severability.
      The
      provisions of this Agreement will be deemed severable and the invalidity or
      unenforceability of any provision will not affect the validity or enforceability
      of the other provisions hereof; provided that if any provision of this
      Agreement, as applied to any Party or to any circumstance, is adjudged by a
      governmental body, arbitrator, or mediator not to be enforceable in accordance
      with its terms, the Parties agree that the governmental body, arbitrator, or
      mediator making such determination will have the power to modify the provision
      in a manner consistent with its objectives such that it is enforceable, and/or
      to delete specific words or phrases, and in its reduced form, such provision
      will then be enforceable and will be enforced.

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

    8.12 Expenses.
      Except
      as otherwise expressly provided in this Agreement, each Party will bear its
      own
      costs and expenses incurred in connection with the preparation, execution and
      performance of this Agreement, including all fees and expenses of agents,
      representatives, financial advisors, legal counsel and accountants.

     

    8.13 Construction.
      The
      Parties have participated jointly in the negotiation and drafting of this
      Agreement. If an ambiguity or question of intent or interpretation arises,
      this
      Agreement will be construed as if drafted jointly by the Parties and no
      presumption or burden of proof will arise favoring or disfavoring any Party
      because of the authorship of any provision of this Agreement. Any reference
      to
      any federal, state, local, or foreign law will be deemed also to refer to law
      as
      amended and all rules and regulations promulgated thereunder, unless the context
      requires otherwise. The words “include,” “includes,” and “including” will be
      deemed to be followed by “without limitation.” Pronouns in masculine, feminine,
      and neuter genders will be construed to include any other gender, and words
      in
      the singular form will be construed to include the plural and vice versa, unless
      the context otherwise requires. The words “this Agreement,” “herein,” “hereof,”
“hereby,” “hereunder,” and words of similar import refer to this Agreement as a
      whole and not to any particular subdivision unless expressly so limited. The
      Parties intend that each representation, warranty, and covenant contained herein
      will have independent significance. If any Party has breached any
      representation, warranty, or covenant contained herein in any respect, the
      fact
      that there exists another representation, warranty or covenant relating to
      the
      same subject matter (regardless of the relative levels of specificity) which
      the
      Party has not breached will not detract from or mitigate the fact that the
      Party
      is in breach of the first representation, warranty, or covenant.

     

    8.14 Incorporation
      of Exhibits.
      The
      Exhibits identified in this Agreement are incorporated herein by reference
      and
      made a part hereof.

     

    8.15 Remedies.
      Except
      as expressly provided herein, the rights, obligations and remedies created
      by
      this Agreement are cumulative and in addition to any other rights, obligations,
      or remedies otherwise available at law or in equity. Except as expressly
      provided herein, nothing herein will be considered an election of
      remedies.

     

    8.16 Electronic
      Signatures.
      Delivery of a copy of this Agreement bearing an original signature by facsimile
      transmission (whether directly from one facsimile device to another by means
      of
      a dial-up connection or whether mediated by the worldwide web), by electronic
      mail in “portable document format” (“.pdf”) form, or by any other electronic
      means intended to preserve the original graphic and pictorial appearance of
      a
      document, will have the same effect as physical delivery of the paper document
      bearing the original signature. “Originally signed” or “original signature”
means or refers to a signature that has not been mechanically or electronically
      reproduced.

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have executed and delivered this Agreement on
      the
      date first above written.

     

    
      	 	
              UNITED
                FUEL & ENERGY CORPORATION

            
	 	 	 
	 	 	 
	 	
              By:

            	
              /s/
                Charles McArthur

            
	 	
               

            	
              
                
Charles
                McArthur

            
	 	
               

            	
              President
                and Chief Executive Officer

            
	 	 	 
	 	 	 
	 	EMPLOYEE
	 	 	 
	 	 	
              /s/
                Joseph Juliano

            
	 	 	
              
                
Joseph
                Juliano, individually

            

    

    

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

    

    EXHIBIT
      A

     

    Description
      of Benefits

     

    
      	1.	
              Car
                allowance of $1,000 per month.

            

    

     

    
      	2.	
              One
                time moving allowance equal to the greater of (i) $10,000 or (ii)
                the
                amount of all expenses up to a maximum amount of $20,000 reasonably
                incurred or paid by Employee in connection with Employee’s relocation of
                his personal residence to Midland, Texas subject to presentation
                of
                expense statements or vouchers and such other supporting information
                as
                Employer may reasonably require or
                request.

            

    

     

    
      	3.	
              Employee
                and, to the extent applicable, Employee’s spouse, dependents and
                beneficiaries, shall be allowed to participate in all benefit plans
                and
                programs of Employer which are now, or may hereafter be, available
                to
                similarly situated employees of Employer. Employer shall not, however,
                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 similarly situated employees of Employer
                generally.

            

    

     

     

    
      
         

      

      
        12

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