Document:

Filed by Bowne Pure Compliance

Exhibit 10.2

CHANGE IN CONTROL AGREEMENT

BETWEEN QUANEX BUILDING PRODUCTS CORPORATION

AND [CEO]

This
Agreement between Quanex Building Products Corporation, a Delaware corporation (the “Company”), and
[CEO] (the “Executive”) is effective as of the Effective Date (as defined herein).

W I T N E S S E T H:

Whereas, the
Company considers it to be in the best interests of its stockholders to encourage the continued employment of certain
key employees of the Company notwithstanding the possibility, threat or occurrence of a Change in Control of the
Company (as that phrase is defined in Section 2); and

Whereas, the
Executive is a key employee of the Company; and

Whereas, the
Company believes that the possibility of the occurrence of a Change in Control of the Company may result in the
termination by the Executive of the Executive’s employment by the Company or in the distraction of the Executive
from the performance of his duties to the Company, in either case to the detriment of the Company and its stockholders;
and

Whereas, the
Company previously recognized that the Executive could suffer adverse financial and professional consequences if a
Change in Control of the Company were to occur and entered into this Agreement to protect the Executive if a Change in
Control of the Company occurs; and

Whereas,
under current Internal Revenue Service guidance, the Agreement is subject to Section 409A of the Internal Revenue
Code of 1986, as amended by the American Jobs Creation Act of 2004 (“Section 409A”);

Now,
Therefore, the parties agree, effective as stated above, as follows:

Section 1. Other Employment Arrangements.

(a) Except as specified below in this paragraph, this
Agreement does not affect the Executive’s existing or future employment arrangements with the Company unless a
Change in Control of the Company shall have occurred before the expiration of the term of this Agreement. The
Executive’s employment with the Company shall continue to be governed by the Executive’s existing or future
employment agreements with the Company, if any, or, in the absence of any employment agreement, shall continue to be at
the will of the Board of Directors or, if the Executive is not an officer of the Company at the time of the termination
of the Executive’s employment with the Company, the will of the Chief Executive Officer of the Company, except
that if (i) a Change in Control of the Company shall have occurred before the expiration of the term of this
Agreement, and (ii) the Executive’s employment with the Company is terminated (whether by the Executive or
the Company or automatically as provided in Section 3) after the occurrence of that Change in Control of the
Company, then the Executive shall be entitled to receive certain benefits as provided in this Agreement.

(b) Notwithstanding anything contained in this
Agreement to the contrary, if following the commencement of any discussion with a third person that ultimately results
in a Change in Control of the Company, (i) the Executive’s employment with the Company is terminated,
(ii) the Executive is removed from any material duties or position with the Company, (iii) the
Executive’s Base Salary is reduced, or (iv) the Executive’s annual bonus is reduced to an amount less
than the Benchmark Bonus, then for all

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purposes of this Agreement, such Change in Control of the Company shall be
deemed to have occurred on the date immediately prior to the date of such termination, removal, or reduction.

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

Section 2. Change in Control of the
Company. For purposes of this Agreement, a “Change in Control of the Company” shall mean the occurrence
of any of the following after the Effective Date:

(a) the acquisition by any individual, entity or group
(within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “ Covered Person”) of
beneficial ownership (within the meaning of rule 13d-3 promulgated under the Exchange Act) of 20 percent or more
of either (i) the then outstanding shares of the common stock of the Company (the “Outstanding Company
Common Stock”), or (ii) the combined voting power of the then outstanding voting securities of the Company
entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”);
provided, however, that for purposes of this subsection (a) of this Section 2, the following
acquisitions shall not constitute a Change in Control of the Company: (i) any acquisition directly from the
Company, (ii) any acquisition by the Company, (iii) any acquisition by any employee benefit plan (or related
trust) sponsored or maintained by the Company or any entity controlled by the Company, or (iv) any acquisition by
any corporation pursuant to a transaction which complies with clauses (i), (ii) and (iii) of subsection
(c) of this Section 2; or

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

(c) the consummation of (xx) a reorganization,
merger or consolidation or sale of the Company, or (yy) a disposition of all or substantially all of the assets of
the Company (a “Business Combination”), in each case, unless, following such Business Combination,
(i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business
Combination beneficially own, direct or indirectly, more than 80 percent of, respectively, the then outstanding
shares of common stock and the combined voting power of the then outstanding voting securities entitled to vote
generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination
(including, without limitation, a corporation which as a result of such transaction owns the Company or all or
substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially
the same proportions as their ownership immediately prior to such Business Combination of the Outstanding Company
Common Stock and Outstanding

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Company Voting Securities, as the case may be, (ii) no Covered Person
(excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business
Combination) beneficially owns, directly or indirectly, 20 percent or more of, respectively, the then outstanding
shares of common stock of the corporation resulting from such Business Combination or the combined voting power of the
then outstanding voting securities of such corporation, except to the extent that such ownership existed prior to the
Business Combination, and (iii) at least a majority of the members of the board of directors of the corporation
resulting from such Business Combination, were members of the Incumbent Board at the time of the execution of the
initial agreement, or of the action of the Board of Directors, providing for such Business Combination; or

(d) the approval by the stockholders of the Company of
a complete liquidation or dissolution of the Company.

Section 3. Term of This Agreement. The
term of this Agreement shall begin on the Effective Date and, unless automatically extended pursuant to the second
sentence of this Section 3, shall expire on the first to occur of:

(i) the
Executive’s death or the Executive’s Disability, which events shall also be deemed automatically to
terminate Executive’s employment by the Company;

(ii) the
termination by the Executive or the Company of the Executive’s employment by the Company; or

(iii) the end of
the last day (the “Expiration Date”) of:

(1) the three-year
period beginning on the Effective Date (or any period for which the term of this Agreement shall have been
automatically extended pursuant to the second sentence of this Section 3) if no Change in Control of the Company
shall have occurred during that three-year period (or any period for which the term of this Agreement shall have been
automatically extended pursuant to the second sentence of this Section 3); or

(2) if one or more
Changes in Control of the Company shall have occurred during the three-year period beginning on the Effective Date (or
any period for which the term of this Agreement shall have been automatically extended pursuant to the second sentence
of this Section 3), the three-year period beginning on the date on which the last Change in Control of the Company
occurred.

If (i) the term of this Agreement shall not have expired as a result of
the occurrence of one of the events described in clause (i) or (ii) of the immediately preceding sentence,
and (ii) the Company shall not have given notice to the Executive at least ninety (90) days before the
Expiration Date that the term of this Agreement will expire on the Expiration Date, then the term of this Agreement
shall be automatically extended for successive one-year periods (the first such period to begin on the day immediately
following the Expiration Date) unless the Company shall have given notice to the Executive at least ninety
(90) days before the end of any one-year period for which the term of this Agreement shall have been automatically
extended that such term will expire at the end of that one-year period. The expiration of the term of this Agreement
shall not terminate this Agreement itself or affect the right of the Executive or the Executive’s legal
representatives to enforce the payment of any amount or other benefit to which the Executive was

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entitled before the expiration of the term of this Agreement or to which the
Executive became entitled as a result of the event (including the termination, whether by the Executive or the Company
or automatically as provided in this Section 3, of the Executive’s employment by the Company) that caused
the term of this Agreement to expire.

Section 4. Event of Termination for
Cause. An “Event of Termination for Cause”shall have occurred if, after a Change in Control of the
Company, the Executive shall have committed:

(i) gross
negligence or willful misconduct in connection with his duties or in the course of his employment with the Company;

(ii) an act of
fraud, embezzlement or theft in connection with his duties or in the course of his employment with the Company;

(iii) intentional
wrongful damage to property of the Company;

(iv) intentional
wrongful disclosure of secret processes or confidential information of the Company; or

(v) an act leading
to a conviction of a felony or a misdemeanor involving moral turpitude.

For purposes of this Agreement, no act, or failure to act, on the part of
the Executive shall be deemed “intentional”if it was due primarily to an error in judgment or negligence,
but shall be deemed “intentional” only if done, or omitted to be done, by the Executive not in good faith
and without reasonable belief that his action or omission was in the best interest of the Company. Notwithstanding the
foregoing, the Executive shall not be deemed to have been terminated as a result of an “Event of Termination for
Cause” hereunder unless and until there shall have been delivered to the Executive a copy of a resolution duly
adopted by the affirmative vote of not less than three-quarters of the Board of Directors then in office at a meeting
of the Board of Directors called and held for such purpose (after reasonable notice to the Executive and an opportunity
for the Executive, together with his counsel, to be heard before the Board of Directors), finding that, in the good
faith opinion of the Board of Directors, the Executive had committed an act set forth above in this Section 4 and
specifying the particulars thereof in detail. Nothing herein shall limit the right of the Executive or his legal
representatives to contest the validity or propriety of any such determination.

Section 5. An Event of Termination for Good
Reason. An “Event of Termination for Good Reason” shall mean the occurrence of any of the following on
or after a Change in Control of the Company:

(i) the Company or
the Successor assigns to the Executive any duties inconsistent with the Executive’s position (including offices,
titles and reporting requirements), authority, duties or responsibilities with the Company in effect immediately before
the occurrence of the first Change in Control of the Company or otherwise make any change in any such position,
authority, duties or responsibilities;

(ii) the Company or
the Successor removes the Executive from, or fails to re-elect or appoint the Executive to, any duties or position with
the Company that were assigned or held by the Executive immediately before the occurrence of the first Change in
Control of the Company, except that a nominal change in the Executive’s title that is merely descriptive and does
not affect rank or status shall not constitute such an event;

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(iii) the Company
or the Successor takes any other action that results in a material diminution in such position, authority, duties or
responsibilities or otherwise take any action that materially interferes therewith;

(iv) the Company or
the Successor reduces the Executive’s annual base salary as in effect immediately before the occurrence of the
first Change in Control of the Company or as the Executive’s annual base salary may be increased from time to
time after that occurrence (the “Base Salary”);

(v) the Company or
the Successor reduces the Executive’s annual bonus (x) to an amount less than $700,000 at any time on or
prior to the third anniversary of the Effective Date, or (y) to an amount less than the average of the two annual
bonuses earned by such Executive with respect to the two preceding years at any time after the third anniversary of the
Effective Date (the amount determined pursuant to clause (x) or (y), as applicable, is referred to herein as the
“Benchmark Bonus”);

(vi) the Company or
the Successor relocates the Executive’s principal office outside of the portion of the metropolitan area of the
City of Houston, Texas that is located within the highway known as “Beltway 8”;

(vii) the Company
or the Successor fails to (x) continue in effect any bonus, incentive, profit sharing, performance, savings,
retirement or pension policy, plan, program or arrangement (such policies, plans, programs and arrangements
collectively being referred to herein as “Basic Benefit Plans”), including, but not limited to, any
deferred compensation, supplemental executive retirement or other retirement income, stock option, stock purchase,
stock appreciation, or similar policy, plan, program or arrangement of the Company, in which the Executive was a
participant immediately before the occurrence of the first Change in Control of the Company, or any substitute plan
adopted by the Board of Directors and in which the Executive was a participant immediately before the occurrence of the
last Change in Control of the Company, unless an equitable and reasonably comparable arrangement (embodied in a
substitute or alternative benefit or plan) shall have been made with respect to such Basic Benefit Plan promptly
following the occurrence of the last Change in Control of the Company, or (y) continue the Executive’s
participation in any Basic Benefit Plan (or any substitute or alternative plan) on substantially the same basis, both
in terms of the amount of benefits provided to the Executive (which are in any event always subject to the terms of any
applicable Basic Benefit Plan) and the level of the Executive’s participation relative to other participants, as
existed immediately before the occurrence of the first Change in Control of the Company;

(viii) the Company
or the Successor fails to continue to provide the Executive with benefits substantially similar to those enjoyed by the
Executive under any of the Company’s other Executive benefit plans, policies, programs and arrangements,
including, but not limited to, life insurance, medical, dental, health, hospital, accident or disability plans, in
which the Executive was a participant immediately before the occurrence of the first Change in Control of the Company;

(ix) the Company or
the Successor takes any action that would directly or indirectly materially reduce any other non-contractual benefits
that were provided to the Executive by the Company immediately before the occurrence of the first Change in Control of
the Company or deprive the Executive of any material fringe benefit enjoyed

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by the Executive immediately before the
occurrence of the first Change in Control of the Company;

(x) the Company or
the Successor fails to provide the Executive with the number of paid vacation days to which the Executive was entitled
in accordance with the Company’s vacation policy in effect immediately before the occurrence of the first Change
in Control of the Company;

(xi) the Company or
the Successor fails to continue to provide the Executive with office space, related facilities and support personnel
(including, but not limited to, administrative and secretarial assistance) (y) that are both commensurate with
Executive’s responsibilities to and position with the Company immediately before the occurrence of the first
Change in Control of the Company and not materially dissimilar to the office space, related facilities and support
personnel provided to other Executives of the Company having comparable responsibility to the Executive, or
(z) that are physically located at the Company’s principal executive offices;

(xii) the Company
or the Successor requires the Executive to perform a majority of his duties outside the Company’s principal
executive offices for a period of more than 21 consecutive days or for more than 90 days in any calendar year;

(xiii) the Company
or the Successor fails to honor any provision of any employment agreement Executive has or may in the future have with
the Company or fail to honor any provision of this Agreement;

(xiv) the Company
or the Successor gives effective notice of an election to terminate at the end of the term or extended the term of any
employment agreement Executive has or may in the future have with the Company or the Successor in accordance with the
terms of any such agreement; or

(xv) the Company or
the Successor purports to terminate the Executive’s employment by the Company unless notice of that termination
shall have been given to the Executive pursuant to, and that notice shall meet the requirements of, Section 6.

Section 6. Notice of Termination If a
Change in Control of the Company shall have occurred before the expiration of the term of this Agreement, any
subsequent termination by the Executive or the Company of the Executive’s employment by the Company, or any
determination of the Executive’s Disability, shall be communicated by notice to the other party that shall
indicate the specific paragraph of Section 7 pursuant to which the Executive is to receive benefits as a result of
the termination. If the notice states that the Executive’s employment by the Company has been automatically
terminated as a result of the Executive’s Disability, the notice shall (i) specifically describe the basis
for the determination of the Executive’s Disability, and (ii) state the date of the determination of the
Executive’s Disability, which date shall be not more than ten (10) days before the date such notice is
given. If the notice is from the Company and states that the Executive’s employment by the Company is terminated
by the Company as a result of the occurrence of an Event of Termination for Cause, the notice shall specifically
describe the action or inaction of the Executive that the Company believes constitutes an Event of Termination for
Cause and shall be accompanied by a copy of the resolution satisfying Section 4. If the notice is from the
Executive and states that the Executive’s employment by the Company is terminated by the Executive as a result of
the occurrence of an Event of Termination for Good Reason, the notice shall specifically describe the action or
inaction of the Company that the Executive believes constitutes an Event of Termination for Good Reason. Each notice
given pursuant to

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this Section 6 (other than a notice stating that the Executive’s
employment by the Company has been automatically terminated as a result of the Executive’s Disability) shall
state a date, which shall be not fewer than thirty (30) days nor more than sixty (60) days after the date such
notice is given, on which the termination of the Executive’s employment by the Company is effective. The date so
stated in accordance with this Section 6 shall be the “Termination Date”. If a Change in Control of
the Company shall have occurred before the expiration of the term of this Agreement, any subsequent purported
termination by the Company of the Executive’s employment by the Company, or any subsequent purported
determination by the Company of the Executive’s Disability, shall be ineffective unless that termination or
determination shall have been communicated by the Company to the Executive by notice that meets the requirements of the
foregoing provisions of this Section 6 and the provisions of Section 9.

Section 7. Benefits Payable on Change in
Control and Termination. (a) If (x) a Change in Control of the Company shall have occurred before the
expiration of the term of this Agreement, and (y) the Executive’s employment by the Company is terminated
(whether by the Executive or the Company or automatically as provided in Section 3) after the occurrence of that
Change in Control of the Company, the Executive shall be entitled to the following benefits:

(i) If the
Executive’s employment by the Company is terminated (x) by the Company as a result of the occurrence of an
Event of Termination for Cause, or (y) by the Executive before the occurrence of an Event of Termination for Good
Reason, then the Company shall pay to the Executive the Base Salary accrued through the Termination Date but not
previously paid to the Executive, and the Executive shall be entitled to any other amounts or benefits provided under
any plan, policy, practice, program, contract or arrangement of or with the Company, including, but not limited to, the
Basic Benefit Plans and the Other Benefit Plans, which shall be governed by the terms thereof (except as explicitly
modified by this Agreement).

(ii) If the
Executive’s employment by the Company is automatically terminated as a result of the Executive’s death or
the Executive’s Disability, then (x) the Company shall pay to the Executive the Base Salary accrued through
the date of the occurrence of that event but not previously paid to the Executive, and (y) the Executive shall be
entitled to any other amounts or benefits provided under any plan, policy, practice, program, contract or arrangement
of or with the Company, including, but not limited to, the Basic Benefit Plans and the Other Benefit Plans, which shall
be governed by the terms thereof (except as explicitly modified by this Agreement).

(iii) If the
Executive’s employment by the Company is terminated (x) by the Company otherwise than as a result of the
occurrence of an Event of Termination for Cause, or (y) by the Executive after the occurrence of an Event of
Termination for Good Reason, then the Executive shall be entitled to the following:

(1) the Company
shall pay to the Executive the Base Salary and compensation for earned but unused vacation time accrued through the
Termination Date but not previously paid to the Executive;

(2) the Company
shall pay to the Executive an amount equal to the product of (A) the greater of (I) the Executive’s
target performance bonus for the Fiscal Year in which the Termination Date occurs and (II) the Executive’s
performance bonus for the Fiscal Year preceding the Fiscal Year in which the Termination Date occurs (including any
deferred portion thereof) (the greater of the amounts described in clauses

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(I) and (II) of this
Section 7(a)(iii)(2)(A) being referred to herein as the “Highest Bonus”), and (B) a fraction, the
numerator of which is the number of days in the current Fiscal Year through the Termination Date and the denominator of
which is 365;

(3) the Company
shall pay to the Executive, as a lump sum, an amount (the “Severance Payment”) equal to three
(3) times the sum of:

(A) the amount
(including any deferred portion thereof) of the Base Salary that would have been paid to the Executive during the
Fiscal Year in which the Termination Date occurs based on the assumption that the Executive’s employment by the
Company had continued throughout that Fiscal Year at the Base Salary rate in effect in the Fiscal Year in which the
Termination Date occurs, or in the immediately preceding Fiscal Year, whichever is higher;

(B) the amount of
the Highest Bonus;

(4) the Company (at
its sole expense) shall take the following actions:

(A) throughout
the Relevant Period, the Company shall maintain in effect, and not materially reduce the benefits provided by, each of
the Other Benefit Plans in which the Executive was a participant immediately before the Termination Date; and

(B) the Company
shall arrange for the Executive’s uninterrupted participation throughout the Relevant Period in each of such
Other Benefit Plans,

provided that if the
Executive’s participation after the Termination Date in any such Other Benefit Plan is not permitted by the terms
of that Other Benefit Plan, then throughout the Relevant Period, the Company (at its sole expense) shall provide the
Executive with substantially the same benefits that were provided to the Executive by that Other Benefit Plan
immediately before the Termination Date; and

(5) the Executive
shall be entitled to any other amounts or benefits provided under any plan, policy, practice, program, contract or
arrangement of or with the Company, including, but not limited to, the Basic Benefit Plans and the Other Benefit Plans,
which shall be governed by the terms thereof (except as explicitly modified by this Agreement).

(b) Each payment required to be made to the Executive
pursuant to the foregoing provisions of this Section 7(a) above (i) shall be made by check drawn on an
account of the Company at a bank located in the United States of America, and (ii) shall be paid (x) if the
Executive’s employment by the Company was terminated as a result of the Executive’s death or the
Executive’s Disability, not more than

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thirty (30) days immediately following the date of the occurrence of
that event, and (y) if the Executive’s employment by the Company was terminated for any other reason, on the
Termination Payment Date.

(c) The following shall occur immediately upon the
occurrence of a Change in Control of the Company:

(i) all options to
acquire Voting Stock and all stock appreciation rights pertaining to Voting Stock held by the Executive immediately
prior to a Change in Control of the Company shall become fully exercisable, regardless of whether or not the vesting
conditions set forth in the relevant stock option agreements have been satisfied in full; and

(ii) all
restrictions on any restricted Voting Stock granted to the Executive prior to a Change in Control of the Company shall
be removed and the stock shall be freely transferable, regardless of whether the conditions set forth in the relevant
restricted stock agreements have been satisfied in full.

Section 8. Successors. If a Change in
Control of the Company shall have occurred before the expiration of the term of this Agreement,

(i) the Company
shall not, directly or indirectly, consolidate with, merge into or sell or otherwise transfer its assets as an entirety
or substantially as an entirety to, any person, or permit any person to consolidate with or merge into the Company,
unless immediately after such consolidation, merger, sale or transfer, the Successor shall have assumed in writing the
Company’s obligations under this Agreement; and

(ii) not fewer than
ten (10) days before the consummation of any consolidation of the Company with, merger by the Company into, or
sale or other transfer by the Company of its assets as an entirety or substantially as an entirety to, any person, the
Company shall give the Executive notice of that proposed transaction.

Section 9. Notice. Notices required or
permitted to be given by either party pursuant to this Agreement shall be in writing and shall be deemed to have been
given when delivered personally to the other party or when deposited with the United States Postal Service as certified
or registered mail with postage prepaid and addressed:

(i) if to the
Executive, at the Executive’s address last shown on the Company’s records, and

(ii) if to the
Company, at 1900 West Loop West, Suite 1500, Houston, Texas 77027, directed to the attention of the Chair of the
Compensation & Management Development Committee of the Board of Directors.

or, in either case, to such other address as the party to whom or which such
notice is to be given shall have specified by notice given to the other party.

Section 10. Withholding Taxes. The
Company may withhold from all payments to be paid to the Executive pursuant to this Agreement all taxes that, by
applicable federal or state law, the Company is required to so withhold.

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Section 11. Certain Additional Payments by
the Company.

(a) Anything in this Agreement to the contrary
notwithstanding, in the event it shall be determined that any payment or distribution by, or benefit from, the Company
or any of its Affiliates to or for the benefit of the Executive, whether paid or payable or distributed or
distributable pursuant to the terms of this Agreement or otherwise (any such payments, distributions or benefits being
individually referred to herein as a “Payment,” and any two or more of such payments, distributions or
benefits being referred to herein as “Payments”), would be subject to the excise tax imposed by
Section 4999 of the Code (such excise tax, together with any interest thereon, any penalties, additions to tax, or
additional amounts with respect to such excise tax, and any interest in respect of such penalties, additions to tax or
additional amounts, being collectively referred herein to as the “Excise Tax”), then the Executive shall be
entitled to receive an additional payment or payments (individually referred to herein as a “Gross-Up
Payment” and any two or more of such additional payments being referred to herein as “Gross-Up
Payments”) in an amount such that after payment by the Executive of all taxes (as defined in Section 11(k))
imposed upon the Gross-Up Payment, the Executive retains an amount of such Gross-Up Payment equal to the Excise Tax
imposed upon the Payments. The purpose of this Section 11 and the intent of the parties to this Agreement is to
place the Executive in the same economic position the Executive would have been in had no Excise Tax been imposed with
respect to the Payments.

(b) Subject to the provisions of Section 11(c)
through (i), any determination (individually, a “Determination”) required to be made under this
Section 11(b), including whether a Gross-Up Payment is required and the amount of such Gross-Up Payment, shall
initially be made, at the Company’s expense, by nationally recognized tax counsel mutually acceptable to the
Company and the Executive (“Tax Counsel”). Tax Counsel shall provide detailed supporting legal authorities,
calculations, and documentation both to the Company and the Executive within 15 business days of the termination of the
Executive’s employment, if applicable, or such other time or times as is reasonably requested by the Company or
the Executive. If Tax Counsel makes the initial Determination that no Excise Tax is payable by the Executive with
respect to a Payment or Payments, it shall furnish the Executive with an opinion reasonably acceptable to the Executive
that no Excise Tax will be imposed with respect to any such Payment or Payments. The Executive shall have the right to
dispute any Determination (a “Dispute”) within 15 business days after delivery of Tax Counsel’s
opinion with respect to such Determination. The Gross-Up Payment, if any, as determined pursuant to such Determination
shall, at the Company’s expense, be paid by the Company to the Executive within five business days of the
Executive’s receipt of such Determination. The existence of a Dispute shall not in any way affect the
Executive’s right to receive the Gross-Up Payment in accordance with such Determination. If there is no Dispute,
such Determination shall be binding, final and conclusive upon the Company and the Executive, subject in all respects,
however, to the provisions of Section 11(c) through (i) below. As a result of the uncertainty in the
application of Sections 4999 and 280G of the Code, it is possible that Gross-Up Payments (or portions thereof)
which will not have been made by the Company should have been made (“Underpayment”), and if upon any
reasonable written request from the Executive or the Company to Tax Counsel, or upon Tax Counsel’s own
initiative, Tax Counsel, at the Company’s expense, thereafter determines that the Executive is required to make a
payment of any Excise Tax or any additional Excise Tax, as the case may be, Tax Counsel shall, at the Company’s
expense, determine the amount of the Underpayment that has occurred and any such Underpayment shall be promptly paid by
the Company to the Executive.

(c) The Company shall defend, hold harmless, and
indemnify the Executive on a fully grossed-up after tax basis from and against any and all claims, losses, liabilities,
obligations, damages, impositions, assessments, demands, judgements, settlements, costs and expenses (including
reasonable attorneys’, accountants’, and experts’ fees and expenses) with respect to any tax
liability of the Executive resulting from any Final Determination (as defined in Section 11(j)) that any Payment
is subject to the Excise Tax.

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(d) If a party hereto receives any written or oral
communication with respect to any question, adjustment, assessment or pending or threatened audit, examination,
investigation or administrative, court or other proceeding which, if pursued successfully, could result in or give rise
to a claim by the Executive against the Company under this Section 11 (“Claim”), including, but not
limited to, a claim for indemnification of the Executive by the Company under Section 11(c), then such party shall
promptly notify the other party hereto in writing of such Claim (“Tax Claim Notice”).

(e) If a Claim is asserted against the Executive
(“Executive Claim”), the Executive shall take or cause to be taken such action in connection with
contesting such Executive Claim as the Company shall reasonably request in writing from time to time, including the
retention of counsel and experts as are reasonably designated by the Company (it being understood and agreed by the
parties hereto that the terms of any such retention shall expressly provide that the Company shall be solely
responsible for the payment of any and all fees and disbursements of such counsel and any experts) and the execution of
powers of attorney, provided that:

(i) within 30
calendar days after the Company receives or delivers, as the case may be, the Tax Claim Notice relating to such
Executive Claim (or such earlier date that any payment of the taxes claimed is due from the Executive, but in no event
sooner than five calendar days after the Company receives or delivers such Tax Claim Notice), the Company shall have
notified the Executive in writing (“Election Notice”) that the Company does not dispute its obligations
(including, but not limited to, its indemnity obligations) under this Agreement and that the Company elects to contest,
and to control the defense or prosecution of, such Executive Claim at the Company’s sole risk and sole cost and
expense; and

(ii) the Company
shall have advanced to the Executive on an interest-free basis, the total amount of the tax claimed in order for the
Executive, at the Company’s request, to pay or cause to be paid the tax claimed, file a claim for refund of such
tax and, subject to the provisions of the last sentence of Section 11(g), sue for a refund of such tax if such
claim for refund is disallowed by the appropriate taxing authority (it being understood and agreed by the parties
hereto that the Company shall only be entitled to sue for a refund and the Company shall not be entitled to initiate
any proceeding in, for example, United States Tax Court) and shall indemnify and hold the Executive harmless, on a
fully grossed-up after tax basis, from any tax imposed with respect to such advance or with respect to any imputed
income with respect to such advance; and

(iii) the Company
shall reimburse the Executive for any and all costs and expenses resulting from any such request by the Company and
shall indemnify and hold the Executive harmless, on fully grossed-up after-tax basis, from any tax imposed as a result
of such reimbursement.

(f) Subject to the provisions of Section 11(e)
hereof, the Company shall have the right to defend or prosecute, at the sole cost, expense and risk of the Company,
such Executive Claim by all appropriate proceedings, which proceedings shall be defended or prosecuted diligently by
the Company to a Final Determination; provided, however, that (i) the Company shall not, without the
Executive’s prior written consent, enter into any compromise or settlement of such Executive Claim that would
adversely affect the Executive, (ii) any request from the Company to the Executive regarding any extension of the
statute of limitations relating to assessment, payment, or collection of taxes for the taxable year of the Executive
with respect to which the contested issues involved in, and amount of, the Executive Claim relate is limited solely to
such contested issues and amount, and (iii) the Company’s control of any

11

 

contest or proceeding shall be limited to issues with respect to the
Executive Claim and the Executive shall be entitled to settle or contest, in his sole and absolute discretion, any
other issue raised by the Internal Revenue Service or any other taxing authority. So long as the Company is diligently
defending or prosecuting such Executive Claim, the Executive shall provide or cause to be provided to the Company any
information reasonably requested by the Company that relates to such Executive Claim, and shall otherwise cooperate
with the Company and its representatives in good faith in order to contest effectively such Executive Claim. The
Company shall keep the Executive informed of all developments and events relating to any such Executive Claim
(including, without limitation, providing to the Executive copies of all written materials pertaining to any such
Executive Claim), and the Executive or his authorized representatives shall be entitled, at the Executive’s
expense, to participate in all conferences, meetings and proceedings relating to any such Executive Claim.

(g) If, after actual receipt by the Executive of an
amount of a tax claimed (pursuant to an Executive Claim) that has been advanced by the Company pursuant to
Section 11(e)(ii) hereof, the extent of the liability of the Company hereunder with respect to such tax claimed
has been established by a Final Determination, the Executive shall promptly pay or cause to be paid to the Company any
refund actually received by, or actually credited to, the Executive with respect to such tax (together with any
interest paid or credited thereon by the taxing authority and any recovery of legal fees from such taxing authority
related thereto), except to the extent that any amounts are then due and payable by the Company to the Executive,
whether under the provisions of this Agreement or otherwise. If, after the receipt by the Executive of an amount
advanced by the Company pursuant to Section 11(e)(ii), a determination is made by the Internal Revenue Service or
other appropriate taxing authority that the Executive shall not be entitled to any refund with respect to such tax
claimed and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior
to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be
required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of any Gross-Up
Payments and other payments required to be paid hereunder.

(h) With respect to any Executive Claim, if the
Company fails to deliver an Election Notice to the Executive within the period provided in Section 11(e)(i) hereof
or, after delivery of such Election Notice, the Company fails to comply with the provisions of Section 11(e)(ii)
and (iii) and (f) hereof, then the Executive shall at any time thereafter have the right (but not the
obligation), at his election and in his sole and absolute discretion, to defend or prosecute, at the sole cost, expense
and risk of the Company, such Executive Claim. The Executive shall have full control of such defense or prosecution and
such proceedings, including any settlement or compromise thereof. If requested by the Executive, the Company shall
cooperate, and shall cause its Affiliates to cooperate, in good faith with the Executive and his authorized
representatives in order to contest effectively such Executive Claim. The Company may attend, but not participate in or
control, any defense, prosecution, settlement or compromise of any Executive Claim controlled by the Executive pursuant
to this Section 11(h) and shall bear its own costs and expenses with respect thereto. In the case of any Executive
Claim that is defended or prosecuted by the Executive, the Executive shall, from time to time, be entitled to current
payment, on a fully grossed-up after tax basis, from the Company with respect to costs and expenses incurred by the
Executive in connection with such defense or prosecution.

(i) In the case of any Executive Claim that is
defended or prosecuted to a Final Determination pursuant to the terms of this Section 11(i), the Company shall
pay, on a fully grossed-up after tax basis, to the Executive in immediately available funds the full amount of any
taxes arising or resulting from or incurred in connection with such Executive Claim that have not theretofore been paid
by the Company to the Executive, together with the costs and expenses, on a fully grossed-up after tax basis, incurred
in connection therewith that have not theretofore been paid by the Company to the Executive, within ten calendar days
after such Final Determination. In the case of any Executive Claim not covered

12

 

by the preceding sentence, the Company shall pay, on a fully grossed-up
after tax basis, to the Executive in immediately available funds the full amount of any taxes arising or resulting from
or incurred in connection with such Executive Claim at least ten calendar days before the date payment of such taxes is
due from the Executive, except where payment of such taxes is sooner required under the provisions of this
Section 11(i), in which case payment of such taxes (and payment, on a fully grossed-up after tax basis, of any
costs and expenses required to be paid under this Section 11(i) shall be made within the time and in the manner
otherwise provided in this Section 11(i).

(j) For purposes of this Agreement, the term
“Final Determination” shall mean (A) a decision, judgment, decree or other order by a court or other
tribunal with appropriate jurisdiction, which has become final and non-appealable; (B) a final and binding
settlement or compromise with an administrative agency with appropriate jurisdiction, including, but not limited to, a
closing agreement under Section 7121 of the Code; (C) any disallowance of a claim for refund or credit in
respect to an overpayment of tax unless a suit is filed on a timely basis; or (D) any final disposition by reason
of the expiration of all applicable statutes of limitations.

(k) For purposes of this Agreement, the terms
“tax” and “taxes” mean any and all taxes of any kind whatsoever (including, but not limited to,
any and all Excise Taxes, income taxes, and employment taxes), together with any interest thereon, any penalties,
additions to tax, or additional amounts with respect to such taxes and any interest in respect of such penalties,
additions to tax, or additional amounts.

(l) Nothwithstanding anything in this Agreement to the
contrary, if any additional payment required pursuant to this Section 11 is determined by the Board (or its
delegate) to be subject to Section 409A, such payment shall be made no later than the end of the Executive’s
taxable year following the year in which the related Excise Taxes are remitted to the relevant taxing authority.

Section 12. Expenses of Enforcement. If
a Change in Control of the Company shall have occurred before the expiration of the term of this Agreement, then, upon
demand by the Executive made to the Company, the Company shall reimburse the Executive for the reasonable expenses
(including attorneys’ fees and expenses) incurred by the Executive in enforcing or seeking to enforce the payment
of any amount or other benefit to which the Executive shall have become entitled pursuant to this Agreement, including
those incurred in connection with any arbitration initiated pursuant to Section 20. To the extent that any such
reimbursement would be subject to the Excise Tax, then the Executive shall be entitled to receive Gross-Up Payments in
an amount such that after payment by the Executive of all taxes imposed on such Gross-Up Payments, the Executive
retains an amount equal to the Excise Tax imposed upon the reimbursement, and the other provisions of Section 11
hereof shall also apply to such circumstance unless the context thereof otherwise indicates.

Section 13. Employment by Wholly Owned
Entities. If, at or after the Effective Date, the Executive is or becomes an Executive of one or more corporations,
partnerships, limited liability companies or other entities that are, directly or indirectly, wholly owned by the
Company (“Wholly Owned Entities”), references in this Agreement to the Executive’s employment by the
Company shall include the Executive’s employment by any such Wholly Owned Entity.

Section 14. No Obligation to Mitigate; No
Rights of Offset.

(a) The Executive shall not be required to mitigate
the amount of any payment or other benefit required to be paid to the Executive pursuant to this Agreement, whether by
seeking other employment or otherwise, nor shall the amount of any such payment or other benefit be reduced on account
of any compensation earned by the Executive as a result of employment by another person.

13

 

(b) The Company’s obligation to make the
payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any
set-off, counterclaim, recoupment, defense or other claim, right or action which the Company may have against the
Executive or others.

Section 15. Amendment and Waiver. No
provision of this Agreement may be amended or waived (whether by act or course of conduct or omission or otherwise)
unless that amendment or waiver is by written instrument signed by the parties hereto. No waiver by either party of any
breach of this Agreement shall be deemed a waiver of any other or subsequent breach.

Section 16. Governing Law. The validity,
interpretation, construction and enforceability of this Agreement shall be governed by the laws of the State of Texas.

Section 17. Validity. The invalidity or
unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement, which shall remain in full force and effect.

Section 18. Counterparts. This Agreement
may be executed in counterparts, each of which shall be deemed an original but all of which together will constitute
the same instrument.

Section 19. Assignment; Binding Effect.
This Agreement shall inure to the benefit of and be enforceable by the Executive’s legal representative. This
Agreement shall be binding upon any Successor. The Company may not assign any of its obligations under this Agreement
unless (i) such assignment is to a Successor and (ii) the requirements of Section 8 are fulfilled.

Section 20. Arbitration. Except as
otherwise explicitly provided in Section 11, any dispute between the parties arising out of this Agreement,
whether as to this Agreement’s construction, interpretation or enforceability or as to any party’s breach
or alleged breach of any provision of this Agreement, shall be submitted to arbitration in accordance with the
following procedures:

(i) Either party
may demand such arbitration by giving notice of that demand to the other party. The notice shall state (x) the
matter in controversy, and (y) the name of the arbitrator selected by the party giving the notice.

(ii) Not more than
15 days after such notice is given, the other party shall give notice to the party who demanded arbitration of the
name of the arbitrator selected by the other party. If the other party shall fail to timely give such notice, the
arbitrator that the other party was entitled to select shall be named by the Arbitration Committee of the American
Arbitration Association. Not more than 15 days after the second arbitrator is so named, the two arbitrators shall
select a third arbitrator. If the two arbitrators shall fail to timely select a third arbitrator, the third arbitrator
shall be named by the Arbitration Committee of the American Arbitration Association.

(iii) The dispute
shall be arbitrated at a hearing that shall be concluded within ten days immediately following the date the dispute is
submitted to arbitration unless a majority of the arbitrators shall elect to extend the period of arbitration. Any
award made by a majority of the arbitrators (x) shall be made within ten days following the conclusion of the
arbitration hearing, (y) shall be conclusive and binding on the parties, and (z) may be made the subject of a
judgment of any court having jurisdiction.

(iv) All expenses
of the arbitration shall be borne by the Company.

14

 

The agreement of the parties contained in the foregoing provisions of this
Section 20 shall be a complete defense to any action, suit or other proceeding instituted in any court or before
any administrative tribunal with respect to any dispute between the parties arising out of this Agreement.

Section 21. Interpretation.

(a) As used in this Agreement, the following terms and
phrases have the indicated meanings:

(i)
“Affiliate” and “Affiliates” mean, when used with respect to any entity,
individual, or other person, any other entity, individual, or other person which, directly or indirectly, through one
or more intermediaries controls, or is controlled by, or is under common control with such entity, individual or person.

(ii) “Base
Salary” has the meaning assigned to that term in Section 5.

(iii) “Basic
Benefit Plans” has the meaning assigned to that term in Section 5.

(iv) “Benchmark
Bonus” has the meaning assigned to that term in Section 5.

(v) “Board of
Directors” means the Board of Directors of the Company.

(vi) “Business
Combination” has the meaning assigned to that term in Section 2.

(vii) “Change
in Control of the Company” has the meaning assigned to that phrase in Section 2.

(viii)
“Claim” has the meaning assigned to such term in Section 11.

(ix)
“Code” means the Internal Revenue Code of 1986, as amended from time to time.

(x)
“Commission” means the United States Securities and Exchange Commission or any successor agency.

(xi)
“Company” has the meaning assigned to that term in the preamble to this Agreement. The term
“Company” shall also include any Successor, whether the liability of such Successor under this Agreement is
established by contract or occurs by operation of law.

(xii) “ Covered
Person” has the meaning assigned to that term in Section 2.

(xiii)
“Determination” has the meaning assigned to that term in Section 11.

(xiv)
“Dispute” has the meaning assigned to that term in Section 11.

(xv) “Effective
Date” means the first day of employment with the Company by the Executive.

15

 

(xvi)
 ”Election Notice” has the meaning assigned to such term in Section 11.

(xvii)
“Executive” has the meaning assigned to such term in the preamble to this Agreement.

(xviii)
“Executive Claim” has the meaning assigned to such term in Section 11.

(xix)
“Executive’s Disability” means:

(1) if no Change in
Control of the Company shall have occurred before the date of determination, the physical or mental disability of the
Executive determined in accordance with the disability policy of the Company at the time in effect and generally
applicable to its salaried Executives; and

(2) if a Change in
Control of the Company shall have occurred at that date, the physical or mental disability of the Executive determined
in accordance with the disability policy of the Company in effect immediately before the occurrence of the first Change
in Control of the Company and generally applicable to its salaried Executives.

The Executive’s Disability, and the
automatic termination of the Executive’s employment by the Company by reason of the Executive’s Disability,
shall be deemed to have occurred on the date of determination, provided that if (1) a Change in Control of
the Company shall have occurred before the expiration of the term of this Agreement, (2) the Company shall have
subsequently given notice pursuant to Section 6 of the Company’s determination of the Executive’s
Disability, and (3) the Executive shall have given notice to the Company that the Executive disagrees with that
determination, then (A) whether the Executive’s Disability shall have occurred shall be submitted to
arbitration pursuant to Section 20, and (B) if a majority of the arbitrators decide that the
Executive’s Disability had not occurred, at the date of determination by the Company, then (I) the
Executive’s Disability, and the automatic termination of the Executive’s employment by the Company by
reason of the Executive’s Disability, shall be deemed not to have occurred, and (II) on demand by the
Executive made to the Company, the Company shall reimburse the Executive for the reasonable expenses (including
attorneys’ fees and expenses) incurred by the Executive in obtaining that decision.

(xx) “Event of
Termination for Good Reason” has the meaning assigned to that phrase in Section 5.

(xxi) “Event of
Termination for Cause” has the meaning assigned to that phrase in Section 4.

(xxii)
“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time.

16

 

(xxiii) “Excise
Tax” has the meaning assigned to that term in Section 11.

(xxiv)
“Expiration Date” has the meaning assigned to that term in Section 3.

(xxv) “Final
Determination” has the meaning assigned to such term in Section 11.

(xxvi) “Fiscal
Year” means the fiscal year of the Company.

(xxvii)
“Gross-Up Payment” has the meaning assigned to that term in Section 11.

(xxviii) “Other
Benefit Plan” means any employee welfare benefit plan (within the meaning of section 3(1) of the
Employee Retirement Income Security Act of 1974, as amended) maintained by the Company.

(xxix)
“Outstanding Company Common Stock” has the meaning assigned to that term in Section 2.

(xxx)
“Outstanding Company Voting Securities” has the meaning assigned to that term in Section 2.

(xxxi)
“Payment” has the meaning assigned to that term in Section 11.

(xxxii)
“Person” means any individual, corporation, partnership, joint venture, association, joint-stock
company, limited partnership, limited liability company, trust, unincorporated organization, government, or agency or
political subdivision of any government.

(xxxiii)
“Relevant Period” means a period beginning on the Termination Date and ending on the first to occur
of (x) the third anniversary of the Termination Date, or (y) the date on which the Executive becomes employed
on a full-time basis by another person.

(xxxiv)
“Severance Payment” has the meaning assigned to that term in Section 7.

(xxxv)
“Successor” means a person with or into which the Company shall have been merged or consolidated or
to which the Company shall have transferred its assets as an entirety or substantially as an entirety.

(xxxvi)
“Tax” has the meaning assigned to that term in Section 11.

(xxxvii) “Tax
Claim Notice” has the meaning assigned to that term in Section 11.

(xxxviii) “Tax
Counsel” has the meaning assigned to that term in Section 11.

(xxxix)
“Termination Date” has the meaning assigned to that term in Section  6.

17

 

(xl)
“Termination Payment Date” means

(1) if the Board
(or its delegate) determines in its sole discretion that as of the Termination Date, other than a termination due to
death or Disability, the Executive is a specified employee (as defined in Section 409A(a)(2)(B)(i), and Department
of Treasury regulations and other interpretive guidance issued thereunder) as of such date (a “Specified
Employee”) and that Section 409A applies with respect to a portion of the payments hereunder, then with
respect to such portion, the first business day following the six-month anniversary of the Termination Date (the
“Six-Month Delay Period”)or

(2) if the Board
(or its delegate) determines in its sole discretion that as of the Termination Date, other than a termination due to
death or Disability, the Executive is not a Specified Employee as of such date or that Section 409A does not apply
with respect to a portion of the payments hereunder, then with respect to such portion, not more than ten
(10) days immediately following the Termination Date and

(3) with respect to
any amount payable to or on behalf of the Executive under a welfare or benefit plan program of the Company, including
but not limited to a Basic Benefit Plan or Other Benefit Plan, then, to the extent such benefits are provided after the
period of time during which the Executive would be entitled to (or would, but for this Agreement, be entitled to) COBRA
continuation coverage under a group health plan of the Company, the Company shall make any payments due for such
coverage during the Relevant Period on the last business day of the calendar month following the month in which such
payments become due.

If the Board (or its delegate) determines
in its sole discretion that as of the Termination Date, other than a termination due to death or Disability, the
Executive is a Specified Employee as of such date and that Section 409A applies with respect to a portion of the
payments hereunder, then any such portion payable during the Six-Month Delay Period, including but not limited to any
payments under Section 11 or any other reimbursements, shall be transferred to a rabbi trust (which shall be a
rabbi trust previously created by the Company that contains other amounts of deferred compensation payable by the
Company to the Executive or a rabbi trust created by the Company or its successor, on terms reasonably acceptable to
the Executive) as soon as administratively feasible following the occurrence of the event giving rise to the
Executive’s right to such payment, except to the extent such transfer would subject the Executive to penalties
under the funding restriction provisions of Section 409A, as amended by the Pension Protection Act of 2006, and
such amounts (together with earnings thereon determined in accordance with the terms of the trust agreement) shall be
transferred from the trust to the Executive upon the earlier of (i) the expiration of the Six-Month Delay Period,
or (ii) any other earlier date permitted under Section 409A.

18

 

(xli) “This
Agreement” means this Change in Control Agreement as it may be amended from time to time in accordance with
Section 15.

(xlii)
“Underpayment” has the meaning assigned to that term in Section 11.

(xliii) “Wholly
Owned Entities” has the meaning assigned to that term in Section 13.

(b) In the event of the enactment of any successor
provision to any statute or rule cited in this Agreement, references in this Agreement to such statute or rule shall be
to such successor provision.

(c) The headings of Sections of this Agreement shall
not control the meaning or interpretation of this Agreement.

(d) References in this Agreement to any
Section are to the corresponding Section of this Agreement unless the context otherwise indicates.

(e) This Agreement is intended to meet the
requirements of Section 409A and shall be administered, construed and interpreted in a manner that is intended to
meet those requirements. To the extent that the provision of a benefit or payment under the Agreement is subject to
Section 409A, except as the Company and Executive otherwise determine in writing, the provision or payment shall
be provided or paid in a manner that will meet the requirements of Section 409A, including regulations or other
guidance issued with respect thereto, such that the provisions or payment shall not be subject to the additional tax or
interest applicable under Section 409A. Any provision of this Agreement that would cause the provision or payment
to fail to satisfy Section 409A shall be amended to comply with Section 409A on a timely basis, which may be
made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A. In the
event additional regulations or other guidance is issued under Section 409A or a court of competent jurisdiction
provides additional authority concerning the application of Section 409A with respect to the distributions under
the Agreement, then the provisions of the Agreement regarding distributions shall be automatically amended to permit
such distributions to be made at the earliest time permitted under such additional regulations, guidance or authority
that is practicable and achieves the intent of the Agreement prior to its amendment to comply with Section 409A.

Signature Page to Follow

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In Witness
Whereof, the Company and the Executive have executed this Agreement this      
day of
                                      ,
2008, to be effective as set forth herein.

QUANEX BUILDING 

PRODUCTS CORPORATION

By:                                                                                     

Name:                                                                                

Title:                                                                                  

EXECUTIVE

	 	                                                                                           

	 	CEO

20ex10_1.htm

    Exhibit
10.1

    EMPLOYMENT
AGREEMENT

     

    EMPLOYMENT AGREEMENT, dated as of March
5, 2008, by and between Best Energy Services, Inc., a Nevada company with
offices at 1010 Lamar Suite 1200 Houston, Texas 77002 (“BES”
or the “Company”), and James W. Carroll (the “Employee”).

     

    RECITALS:

     

    BES
desires that Employee serve as its Executive Vice President and Chief Financial
Officer and Employee desires to serve BES in such capacity on the terms and
conditions set forth herein;

     

    NOW,
THEREFORE, in consideration of the mutual covenants and agreements herein
contained, the parties hereto, intending to be legally bound, agree as
follows:

     

    1.           Engagement.

     

    BES
hereby employs the Employee and the Employee hereby accepts such employment upon
the terms and subject to the conditions of this Agreement.

     

    2.           Term.

     

    The term of the Employee’s engagement
under this Agreement shall commence as of March 5, 2008, and, subject to the
terms and conditions hereof, shall continue until December 31, 2009 (the
“Initial Term”). Unless at least sixty (60) days prior to the end of the Initial
Term either party shall give notice to the other of the termination of this
Agreement as of the end of the Initial Term, subsequent to the Initial
Term, Employee shall continue in the employ of the Company on a month to month basis on the terms
and conditions hereof. The period during which Employee is employed by the Company, inclusive
of the Initial Term, is referred to herein as the “Term.”

     

    3.           Duties;
Efforts.

     

    (a)           During
the Term, Executive shall diligently (i) serve as Executive Vice President and
Chief Financial Officer of the Company or in such other executive capacity as
may be assigned to him by the Board of Directors of the Company (the “Board”);
(ii) report to the Chief Executive Officer and (iii) abide by and carry out the
policies and programs of the Company as the same may exist from time to time.
For so long as the Employee is employed hereunder the Company shall nominate him
to serve as a member of the Board.

     

    (b)           The
Employee shall devote a majority of his business time, attention and energies to
the business and affairs of BES, shall use diligent efforts to advance the best
interests of BES, and shall not during the Term be engaged in any other business
activities, whether or not such business activities are pursued for gain, profit
or other pecuniary advantage, that are in conflict with the business interests
of the Company; provided, however, that, it shall not be a violation of this
Agreement for the Employee to (i) serve on civic or charitable boards or
committees, (ii) manage personal investments, or (iii) serve on the board of
directors of a corporation not in competition with BES, with the consent of the
Board, which consent shall not be unreasonably withheld.

     

    (c)           Employee
acknowledges that the performances of his duties will require substantial and
frequent travel and that Employee may be expected to travel as necessary and at
the reasonable request of the Chief Executive Officer.

     

    4.            Compensation.

     

    (a)           Base Salary. Employee’s
initial base salary (“Base Salary”) shall be $12,500 per month. The Base Salary
shall be increased to $16,000 per month as of the first month beginning after
the earlier of the date on which an S-1 or SB-2 registration statement becomes
effective in 2008 or the date on which the common shares sold in the private
placement by Hybrook Resources, Inc. in February 2008 and held by non-affiliates
can be traded without restriction. The Base Salary shall be increased by the
same or a larger percentage as the highest percentage increase of a Base Salary
for any other executive officer, whenever the Base Salary is increased for any
executive officer. Base Salaries are expected to be reviewed at least annually
by the Board. The Base Salary is payable in accordance with the Company’s
payroll practices, but no less frequently than monthly.

     

    (b)            Car
Allowance.  During the Term of this Agreement, Company shall
pay Employee a non-accountable car allowance of no less than $500 per
month.

     

    (c)           Discretionary Performance
Bonus.  During the Term of this Agreement, provided Employee is
then in the employ of the Company, the Board in its sole discretion shall
determine whether to award Employee a performance-based cash bonus (the
“Bonus”). Such bonus shall be in addition to and separate from the Employee’s
Base Salary and shall be no less than 50% of the highest Bonus granted to any
other executive officer.

     

    (d)            Out-of Pocket
Expenses.  BES shall reimburse Employee for out-of-pocket
expenses incurred by him in the performance of his duties hereunder in
accordance with Company policy in effect from time to time.

     

    (e)            Vacation.  The
Employee shall be entitled to four weeks paid vacation per annum. Such vacation
shall be taken at a time not inconvenient to BES, upon reasonable prior notice
to the Chief Executive Officer and in increments of not more than ten (10)
business days in any thirty (30) day period. The Employee shall be entitled to
an additional week paid vacation per annum beginning in the second calendar year
of the Term. The vacation days shall be exclusive of federal holidays. No
vacation time shall be paid for if not taken and unused vacation time may be
carried forward for no more than one year.

     

    (f)           Participation in Benefit Plans.
The Employee shall be entitled to participation in or receive benefits
under any pension plan, health, and accident plan or any other employee benefit
plan or arrangement made available now or in the future by BES to its employees
generally. Employee’s right to participate in any such plan may be conditioned
on such terms and conditions as the Company applies to its executive management
employees generally subject to such eligibility requirements as may be
applicable. So long as Employee and his family are insurable at standard rates,
the Company shall pay the premiums for medical coverage for Employee, his spouse
and the minor members of his family.

     

    (g)            Participation in Incentive Stock
Plans.  The Employee shall be entitled to participate in any
incentive stock plans of the Company. Specifically, as of March 5, 2008, BES
grants 150,000 shares of Common Stock vesting immediately and 150,000 five-year
options with a cashless exercise option and a strike price of $0.50 per share
which options shall vest on December 31, 2008. Employee acknowledges that any
further incentive stock, warrant, or option grants to be granted to the Employee
shall be at the sole and absolute discretion of the Board and Employee shall not
be able to vote on such future grants to Employee, but that BES agrees that
Employee shall receive grants of like terms to any grants made to any other
executive officers in an amount not less than 50% of the largest grant made to
any other executive officer.

     

    5.            Termination.

     

    (a)            Resignation by
Employee.  The Employee’s employment hereunder shall terminate
upon the voluntary resignation by Employee.

     

    (b)            Termination by Company. The
Employee’s employment hereunder may be terminated by the Company at any time
with or without “Cause.” “Cause” is defined as:

     

    (i)           refusal
or gross neglect to perform the Employee’s material duties under this Agreement,
other than as a result of Disability;

     

    (ii)           the
commission by Employee of a dishonest, illegal or fraudulent act, including the
confession of judgment, entry of a plea of guilty or nolo contendere or the
conviction in any court within the United States on a charge constituting a
felony or misdemeanor as to which fraud, false statements or similar acts are an
element of such crime;

     

    (iii)           in
the case of clauses (i), and (ii), above, the Employee shall receive ninety (90)
days’ advance notice that the Company intends to terminate the Employee’s
employment for Cause and specifying the actions constituting Cause, during which
period he shall have the opportunity to cure the conduct constituting
Cause;

     

    (c)           Upon Death or For
Disability.  The Employee’s engagement by BES shall immediately
terminate upon his death without any further action. BES shall have the right to
terminate the Employee’s employment upon delivery of notice to the Employee as a
result of the Employee’s Disability. For purposes of this Agreement, a “Disability”
shall be deemed to have occurred:

     

    (i)           if
(A) the Employee has been unable, due to any physical or mental illness or
injury, substantially to perform his duties hereunder for at least 30
consecutive business days (exclusive of any approved leave and any vacation
permitted under Section 4(e) hereof), (B) the Company delivers a written notice
to the Employee (“Disability
Notice”) following such period stating that the Company intends to
terminate the Employee by reason of Disability but no earlier than the 90th day
following the onset of such Disability, and (C) the Employee in fact fails to
resume his full-time employment with BES, on or before the 90th day
following the onset of such Disability; or

     

    (ii)           if
the Employee is unable, due to any physical or mental illness or injury,
substantially to perform his duties hereunder for more than 120 business days in
any 360 day period.

     

    (iii)           As
a condition to continuation of the compensation provided herein during the
period of any Disability, upon request of the Company, the Employee will provide
the Company with a report from his physician attesting to the Employee’s
disability.

     

    6.            Payments Upon
Termination.

     

    (a)            Death or Disability. In the
event of the termination of the Employee’s employment as a result of his death
or Disability, BES shall:

     

    (i)           pay
to the Employee or his estate, as the case may be, the Base Salary through the
date of his termination (pro rated for any partial month) plus six months;
and

     

    (ii)           a
pro-rata portion (based upon actual number of days worked) of any Bonus which
may be due for such fiscal year pursuant to any plan then in effect, to the
extent the performance criteria for such fiscal year are met; and

     

    (iii)           reimburse
the Employee, or his estate, as the case may be, for any expenses reimburseable
pursuant to Section 4(d) (the amounts payable pursuant to the foregoing clause
(i) and this clause (iii) being hereafter referred to as the “Accrued
Obligations”).

     

    (b)           By BES for Cause or by the Employee
Voluntarily.  In the event that the Employee’s engagement is
terminated by BES for Cause or by the Employee voluntarily, BES shall pay to the
Employee the Accrued Obligations within fifteen (15) days after such termination
and the Employee shall have no further entitlement to any other compensation or
benefits from the Company, except as set forth herein.

     

    (c)           By BES other than for Cause or the
Employee’s Death or Disability. In the event that BES provides notice
under Section 5(b) hereof terminating the Employee’s employment hereunder
without cause, then BES shall pay to the Employee the Accrued Obligations,
within fifteen (15) days after termination of his employment, a pro-rata portion
(based upon actual number of days worked) of any Bonus which may be due for such
fiscal year pursuant to any plan then in effect, to the extent the performance
criteria for such fiscal year are met, and as additional severance shall pay to
Employee an amount equal to his Base Salary for a period equal to six (6) months
plus one (1) month for each full year for which the Employee has been employed
by BES up to a maximum additional severance of twelve (12) months, such payment
to be made over a period of six months no less frequently than twice a month,
and pay or reimburse the Employee for a like period for continued coverage under
all welfare benefit including medical, accident, life or other disability plans
and programs in which the Employee participated immediately prior to his
termination.

     

    (d)           The
Employee acknowledges that upon the termination of his employment and payment of
the amounts due pursuant to Sections 6(a), 6(b) or 6(c), he shall not be
entitled to any payments or benefits that are not explicitly provided
herein.

     

    (e)           As
a condition to the receipt of any payments provided for in Clauses 6(a) and
6(b), Employee shall execute and deliver to the Company a general release in
such form as may be reasonably requested by the Company in favor of the Company,
its shareholders, directors, officers and employees.

     

    7.            Acknowledgments of the
Employee and BES:

     

    (a)           The
Employee represents that (i) he has the right to enter into this Agreement and
this Agreement constitutes a valid and binding obligation enforceable in
accordance with its terms (ii) the execution and delivery of this Agreement by
him, and the performance of his obligations hereunder are not in violation of,
and do not conflict with or constitute a default under any agreement by which he
is bound or any order, decree or judgment to which he is subject; and (iii) the
provisions of Section 7 and 8 will not impose a hardship, financial or
otherwise, on the Employee nor prevent him from being gainfully
employed.

     

    (b)           BES
represents that (i) it has all requisite power and authority to enter into and
perform its obligations under this Agreement, (ii) the execution and delivery of
this Agreement by BES and its performance of the transactions contemplated
herein have been duly and validly authorized by all necessary corporate action,
(iii) this Agreement is a legal, valid and binding obligation of BES and (iv)
the execution and delivery of this Agreement by BES and the performance of its
obligations hereunder are not in violation of, and do not conflict with or
constitute a default under any agreement by which BES is bound or any order,
decree or judgment to which BES is subject.

     

    8.            Notices.

     

    Any
notice or other communications required or permitted hereunder shall be in
writing and shall be deemed effective (a) upon personal delivery, if delivered
by hand, (b) upon receipt of electronic confirmation, if sent by facsimile
transmission, (c) three (3) days after the date of deposit in the mails, if
mailed by certified or registered mail (return receipt requested), or (d) on the
next business day, if mailed by an overnight mail service to the parties at
their addresses set forth above.

     

    Copies of
all notices to BES or the Employee under this Agreement shall be sent to its or
his address set forth above, with a copy to:

     

    In the
case of BES:

     

    Mr. David
Rex

    Jackson
Walker, LLP

    901 Main
Street, Suite 6000 Dallas, Texas 75202

     

    In the
case of Employee:

     

    Mr. James
W. Carroll

    9525 Katy
Freeway, Suite 230 Houston, Texas 77024

    713-461-3350

    Facsimile
713-461-3352

     

    or to
such other or additional address or facsimile number as either party may from
time to time specify to the other.

     

    9.           Miscellaneous.

     

    (a)           Successors; Binding Effect; Third
Party Beneficiaries. In the event of a future disposition by BES (whether
direct or indirect, by sale of assets or stock, merger, consolidation or
otherwise) of all or substantially all of its business and/or assets, BES will,
have the right to assign this agreement to the entity which acquires all or
substantially all of its business, if that entity agrees to be bound by this
agreement.

     

    This
Agreement is personal to the Employee and, without the prior written consent of
BES shall not be assignable by the Employee otherwise than by will or the laws
of descent and distribution with respect to the Employee’s rights, if any, to be
paid or receive benefits hereunder. This Agreement shall inure to the benefit of
and be enforceable by the Employee’s legal representatives. Except for the
foregoing, this Agreement shall not create any rights in favor of any party
other than the parties hereto or their respective successors and
assigns.

     

    (b)           Law Governing;
Jurisdiction.  This Agreement shall be governed by and
construed in accordance with the laws of the State of Texas (without
giving effect to the principles of conflicts of law). Any litigation proceeding
under this Agreement shall be confidential in nature to the fullest extent
permitted by applicable law.

     

    (c)           Severability.  If
any provision of this Agreement, or any part of any of them, is hereafter
construed or adjudicated to be invalid or unenforceable, the same shall not
affect the remainder of the covenants or rights or remedies which shall be given
full effect without regard to the invalid portions. If any of the covenants set
forth herein is held to be invalid or unenforceable because of the duration of
such provision or the area covered thereby, the parties agree that the court
making such determination shall have the power to reduce the duration and/or
area of such provision and in its reduced form said provision shall then be
enforceable.

     

    (d)           Headings. The headings of
this Agreement are for convenience of reference only and shall not affect in any
manner any of the terms and conditions hereof

     

    (e)           Acts and Documents. The
parties agree to do, sign and execute all acts, deeds, documents and corporate
proceedings necessary or desirable to give full force and effect to this
Agreement.

     

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

     

    (g)           Modifications and Waivers. No
term, provision or condition of this Agreement may be modified or discharged
unless such modification or discharge is agreed to in writing and signed by the
Company and Employee. No waiver by either party hereto of any breach by the
other party hereto of any term, provision or condition of this Agreement to be
performed by such other party shall be deemed a waiver of similar or dissimilar
provisions or conditions at the same or at any prior or subsequent
time.

     

    (h)           Entire Agreement. This
Agreement constitutes the entire agreement between the parties with respect to
the subject matter herein and supersedes all prior agreements, negotiations and
discussions between the parties hereto, there being no extraneous agreements.
This Agreement may be amended only in writing executed by the parties hereto
affected by such amendment.

     

    IN
WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and
year first set forth above.

     

     

    EMPLOYEE:                                               /s/ James W.
Carroll                                                      

    James W.
Carroll

     

    COMPANY:                                                Best
Energy Services, Inc.

     

    By: /s/ Mark
Harrington

     

    Name:  Mark
Harrington

    
      	
                                        
      Title :   Director, Chairman – Compensation
      Committee

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