Document:

Exhibit 10.19

 

FORM OF

RESTRICTED STOCK AWARD AGREEMENT

UNDER THE DUFF & PHELPS CORPORATION

2007 OMNIBUS STOCK INCENTIVE PLAN

 

This Award
Agreement (this “Restricted Stock Award Agreement”), dated as of                     ,
2007 (the “Date of Grant”), is made by and between Duff & Phelps Corporation, a Delaware corporation (the “Company”)
and                          
(the “Participant”). Capitalized terms not defined herein shall have the
meaning ascribed to them in the Company 2007 Omnibus Stock Incentive Plan (the “Plan”).
Where the context permits, references to the Company shall include any
successor to the Company.

 

1.             Grant of Restricted Stock. The Company hereby grants to the Participant                       
shares of Stock (such shares, the “Restricted Stock”), subject to all of the
terms and conditions of this Restricted Stock Award Agreement and the Plan.

 

2.             Lapse of Restrictions.

 

(a)           Vesting.

 

(i)            General. Subject to the provisions
set forth below, the restrictions on transfer set forth in Section 2(b) hereof
shall lapse with respect to one-third (1/3) of the Restricted Stock on each of
the first three anniversaries of the Date of Grant, subject to the continued
employment of the Participant by the Company or one of its Subsidiaries or affiliates
(or, in the case of a participant who is a non-employee director of the
Company, subject to the continued service of the Participant as a non-employee
director) as of each such vesting date (in each case except as set forth in any
vesting schedule attached hereto).

 

(ii)           Following Certain Terminations of
Employment. Upon termination of the Participant’s employment (or cessation
of service as a non-employee director) with the Company and its Subsidiaries
and affiliates (a “Termination”) for any reason, [other than by the Company
without Cause (as such term is defined in the employment agreement between the
Participant and the Company or its affiliates, hereinafter referred to as the “Employment
Agreement”), by the Participant with Good Reason (as such term is defined in
the Employment Agreement), or in connection with a Change in Control (as such
term is defined in the Employment Agreement) where the Participant would be
entitled to acceleration

 

1

 

of vesting
under the Employment Agreement,](1) any Restricted Stock as to which
the restrictions on transferability described in this Section shall not already
have lapsed shall be immediately forfeited by the Participant and transferred
to, and reacquired by, the Company without consideration of any kind and
neither the Participant nor any of the Participant’s successors, heirs,
assigns, or personal representatives shall thereafter have any further rights
or interests in such Restricted Stock (in each case except as set forth in any
vesting schedule attached hereto). [Upon a Termination by the Company without
Cause, by the Participant with Good Reason, or in connection with a Change in
Control (as such term is defined in the Employment Agreement) where the
Participant would be entitled to acceleration of vesting under the Employment
Agreement, any Restricted Stock as to which the restrictions on transferability
described in this Section shall not already have lapsed shall become
immediately vested and nonforfeitable as of the date of such Termination.](2)

 

(b)           Restrictions. Until
the restrictions on transfer of the Restricted Stock lapse as provided in
Section 2(a) hereof, or as otherwise provided in the Plan, no transfer of the Restricted
Stock or any of the Participant’s rights with respect to the Restricted Stock,
whether voluntary or involuntary, by operation of law or otherwise, shall be
permitted. Unless the Committee determines otherwise, upon any attempt to
transfer Restricted Stock or any rights in respect of Restricted Stock before
the lapse of such restrictions, such Restricted Stock, and all of the rights
related thereto, shall be immediately forfeited by the Participant and
transferred to, and reacquired by, the Company without consideration of any
kind.

 

3.             Legend on Certificates. The Participant agrees that any certificate
issued for Restricted Stock (or, if applicable, any book entry statement issued
for Restricted Stock) prior to the lapse of any outstanding restrictions
relating thereto shall bear the following legend (in addition to any other
legend or legends required under applicable federal and state securities laws):

 

THE SHARES
REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON
TRANSFER AND RIGHTS OF REPURCHASE (THE “RESTRICTIONS”) AS SET FORTH IN THE DUFF
& PHELPS CORPORATION 2007 OMNIBUS STOCK INCENTIVE PLAN AND A RESTRICTED
STOCK AWARD AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND DUFF &
PHELPS 

 

(1) This provision will need to be included only with respect to grants
of Restricted Stock to Executives whose employment agreements provide for
accelerated vesting.

(2) Id.

 

2

 

CORPORATION,
COPIES OF WHICH ARE ON FILE WITH THE SECRETARY OF THE COMPANY. ANY ATTEMPT TO
DISPOSE OF THESE SHARES IN CONTRAVENTION OF THE RESTRICTIONS, INCLUDING BY WAY
OF SALE, ASSIGNMENT, TRANSFER, PLEDGE, HYPOTHECATION OR OTHERWISE, SHALL BE
NULL AND VOID AND WITHOUT EFFECT AND SHALL RESULT IN THE FORFEITURE OF SUCH
SHARES AS PROVIDED BY SUCH PLAN AND AGREEMENT.

 

4.             Securities Laws Requirements. The Company shall not be obligated to transfer
any Stock to the Participant free of the restrictive legend described in
Section 3 hereof or of any other restrictive legend, if such transfer, in the
opinion of counsel for the Company, would violate the Securities Act of 1933,
as amended (the “Securities Act”) (or any other federal or state statutes
having similar requirements as may be in effect at that time).

 

5.             No Obligation to Register. The Company shall be under no obligation to
register the Restricted Stock pursuant to the Securities Act or any other
federal or state securities laws.

 

6.             Protections Against Violations of Agreement. No purported sale, assignment, mortgage,
hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting
or other) or other disposition of, or creation of a security interest in or
lien on, any of the Restricted Stock by any holder thereof in violation of the
provisions of this Restricted Stock Award Agreement will be valid, and the
Company will not transfer any of said Restricted Stock on its books nor will
any of such Restricted Stock be entitled to vote, nor will any distributions be
paid thereon, unless and until there has been full compliance with said provisions
to the satisfaction of the Company. The foregoing restrictions are in addition
to and not in lieu of any other remedies, legal or equitable, available to
enforce said provisions.

 

7.             Income Tax Considerations.

 

(a)           Tax Withholding.
The Participant shall pay to the Company promptly upon request, and in any
event at the time the Participant recognizes taxable income in respect to the Restricted
Stock (or, if the Participant makes an election under Section 83(b) of the Code
in connection with such grant), an amount equal to the taxes the Company
determines it is required to withhold under applicable tax laws with respect to
the Restricted Stock. The Participant may satisfy the foregoing requirement by
making a payment to the Company in cash or, with the

 

3

 

approval of the Committee, in it sole
discretion, by delivering already owned unrestricted stock of the Company, in
each case, having a value equal to the minimum amount of tax required to be
withheld. Such shares of Stock shall be valued at their fair market value on
the date as of which the amount of tax to be withheld is determined. Fractional
share amounts shall be settled in cash. The Participant shall promptly notify
the Company of any election made pursuant to Section 83(b) of the Code. A form
of such election is attached hereto as Exhibit
A.

 

(b)           Tax Consequences.

 

TO ENSURE COMPLIANCE WITH TREASURY DEPARTMENT REGULATIONS, WE ADVISE
YOU THAT, UNLESS OTHERWISE EXPRESSLY INDICATED, ANY FEDERAL TAX ADVICE
CONTAINED IN THIS AWARD AGREEMENT WAS NOT INTENDED OR WRITTEN TO BE USED, AND
CANNOT BE USED, FOR THE PURPOSE OF (I) AVOIDING TAX-RELATED PENALTIES UNDER THE
CODE OR (II) PROMOTING, MARKETING OR RECOMMENDING TO ANOTHER PARTY ANY
TAX-RELATED MATTERS ADDRESSED HEREIN.

 

BY SIGNING THIS AWARD AGREEMENT, THE AWARDEE REPRESENTS THAT THE
AWARDEE HAS REVIEWED WITH ITS OWN TAX ADVISORS THE FEDERAL, STATE, LOCAL AND
FOREIGN TAX CONSEQUENCES OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT
(INCLUDING, SECTION 83(B) ELECTIONS AND QEF ELECTIONS, IF ANY) AND THAT THE
AWARDEE IS RELYING SOLELY ON SUCH ADVISORS AND NOT ON ANY STATEMENTS OR
REPRESENTATIONS OF THE COMPANY OR ANY OF ITS AGENTS. THE AWARDEE UNDERSTANDS
AND AGREES THAT THE AWARDEE (AND NOT THE COMPANY) SHALL BE RESPONSIBLE FOR ANY
TAX LIABILITY THAT MAY ARISE AS A RESULT OF THE TRANSACTIONS CONTEMPLATED BY
THIS AWARD AGREEMENT.

 

(c)           Section 83(b)
Election. The Participant hereby acknowledges that the Participant has been
informed that, with respect to the award of the Restricted Stock, an election
may be filed by the Participant with the U.S. Internal Revenue Service (the “IRS”),
within 30 days of the date hereof, electing pursuant to Section 83(b) of the
Internal Revenue Code of 1986, as amended (the “Code”), to be taxed currently
on the Fair Market Value (as defined under the Plan)

 

4

 

of the Restricted Stock on the date hereof. The
Participant agrees to provide the Company with a copy of any election made
pursuant to Section 83(b) of the Code within fifteen (15) days of filing such
election.

 

THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE
RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION
83(b) OF THE CODE, EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS
REPRESENTATIVE TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF.

 

8.             Failure to Enforce Not a Waiver. The failure of the Company to enforce at any
time any provision of this Restricted Stock Award Agreement shall in no way be
construed to be a waiver of such provision or of any other provision hereof.

 

9.             Protections Against Violations of Agreement. No purported sale, assignment, mortgage,
hypothecation, transfer, pledge, encumbrance, gift, transfer in trust (voting or
other) or other disposition of, or creation of a security interest in or lien
on, any of the Restricted Stock by any holder thereof in violation of the
provisions of this Restricted Stock Award Agreement will be valid, and the
Company will not transfer any of said Restricted Stock on its books nor will
any of such Restricted Stock be entitled to vote, nor will any distributions be
paid thereon, unless and until there has been full compliance with said
provisions to the satisfaction of the Company. The foregoing restrictions are
in addition to and not in lieu of any other remedies, legal or equitable,
available to enforce said provisions.

 

10.           Notices. All notices and other communications under this Restricted Stock Award
Agreement shall be in writing and shall be given by first class mail, certified
or registered with return receipt requested, and shall be deemed to have been
duly given three days after mailing to the respective parties named below:

 

5

 

	
  If to Company:

  	
  Duff &
  Phelps Corporation

  
	
   

  	
  55 East 52nd
  Street

  
	
   

  	
  New York,
  New York 10055

  
	
   

  	
  Attention:
  General Counsel

  
	
   

  	
  Facsimile:
  (212) 450-2801

  
	
   

  	
   

  
	
  If to the
  Participant:

  	
  At the
  address noted above.

  

 

11.           Either party hereto may change such party’s
address for notices by notice duly given pursuant hereto.

 

12.           Governing Law. This Restricted Stock Award Agreement shall be governed by and construed
according to the laws of the State of Delaware without regard to its principles
of conflict of laws.

 

13.           Incorporation of Plan. The Plan is hereby incorporated by reference and
made a part hereof, and the Restricted Stock and this Restricted Stock Award
Agreement shall be subject to all terms and conditions of the Plan. In the
event of any conflict between the provisions of this Restricted Stock Award
Agreement and the provisions of the Plan, the provisions of the Plan shall
govern.

 

14.           Section 409A Compliance. Notwithstanding anything to the contrary
contained in this Restricted Stock Award Agreement, to the extent that the
Board determines that the Plan or the Restricted Stock are subject to Section
409A of the Code and fails to comply with the requirements of Section 409A of
the Code, the Board reserves the right (without any obligation to do so) to
amend or terminate the Plan and/or amend, restructure, terminate or replace the
Restricted Stock in order to cause the Restricted Stock to either not be
subject to Section 409A of the Code or to comply with the applicable provisions
of such section.

 

15.           Survival of Terms. This Restricted Stock Award Agreement shall
apply to and bind the Participant and the Company and their respective
permitted assignees and transferees, heirs, legatees, executors, Committees and
legal successors.

 

16.           Counterparts. This Restricted Stock Award Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original and all of which
together shall be deemed to be one and the same instrument.

 

17.           Agreement Not a Contract for Services. Neither the Plan, the granting of the Restricted
Stock, this Restricted Stock Award Agreement nor any other action taken
pursuant to the Plan shall constitute or be evidence of any agreement or
understanding, express or implied, that the Participant has a right to continue
to provide services as an officer, director, employee, consultant or advisor of
the Company or any Subsidiary or Affiliate for any period of time or at any
specific rate of compensation.

 

18.           Authority of the Committee. The Committee shall have full authority to
interpret and construe the terms of the Plan and this Restricted Stock Award

 

 

Agreement. The determination of
the Committee as to any such matter of interpretation or construction shall be
final, binding and conclusive.

 

19.           Representations. The Participant has reviewed with the Participant’s own tax advisors the
Federal, state, local and foreign tax consequences of the transactions
contemplated by this Restricted Stock Award Agreement. The Participant is
relying solely on such advisors and not on any statements or representations of
the Company or any of its agents. The Participant understands that he or she
(and not the Company) shall be responsible for any tax liability that may arise
as a result of the transactions contemplated by this Restricted Stock Award
Agreement.

 

20.           Severability. Should any provision of this Restricted Stock Award Agreement be held by
a court of competent jurisdiction to be unenforceable, or enforceable only if
modified, such holding shall not affect the validity of the remainder of this Restricted
Stock Award Agreement, the balance of which shall continue to be binding upon
the parties hereto with any such modification (if any) to become a part hereof
and treated as though contained in this original Restricted Stock Award Agreement.
Moreover,
if one or more of the provisions contained in this Restricted Stock Award Agreement shall for any reason
be held to be excessively broad as to scope, activity, subject or otherwise so
as to be unenforceable, in lieu of severing such unenforceable provision, such
provision or provisions shall be construed by the appropriate judicial body by
limiting or reducing it or them, so as to be enforceable to the maximum extent
compatible with the applicable law as it shall then appear, and such determination
by such judicial body shall not affect the enforceability of such provisions or
provisions in any other jurisdiction.

 

21.           Acceptance. The Participant hereby acknowledges receipt of a copy of the Plan and
this Restricted Stock Award Agreement. The Participant has read and understands
the terms and provisions of the Plan and this Restricted Stock Award Agreement,
and accepts the Restricted Stock subject to all the terms and conditions of the
Plan and this Restricted Stock Award Agreement. The Participant hereby agrees
to accept as binding, conclusive and final all decisions or interpretations of
the Committee upon any questions arising under this Restricted Stock Award
Agreement.

 

 

IN WITNESS
WHEREOF, the parties hereto have executed and delivered this Restricted Stock
Award Agreement on the day and year first above written.

 

 

	
   

  	
  DUFF
  & PHELPS CORPORATION

  
	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
  Name:

  
	
   

  	
  Title:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  [NAME]

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  The
  Participant

  
	
   

  	
   

  
	
   

  	
  Address:Filed by Automated Filing Services Inc. (604) 609-0244 - Wescorp Energy Inc. - Exhibit 10.3

CONSULTANT SERVICES AGREEMENT 

THIS AGREEMENT made the 1st day of September, 2007 

BY AND BETWEEN 

Wescorp Energy Inc, hereinafter called “the COMPANY” 

AND

Steve Cowper, hereinafter called "the CONSULTANT". 

WITNESSETH as follows: 

	1. 	
      SCOPE OF WORK

	 	 	 
		1.1. 	
      The CONSULTANT shall supply the services specified in
      Exhibit A and any other related services subsequently requested in writing
      by the COMPANY in Austin/Houston Texas, Calgary Alberta and Edmonton
      Alberta and at such other locations as the COMPANY and CONSULTANT mutually
      agree.

	 	 	 
	2. 	
      CONDUCT OF WORK

	 	 	 
		2.1. 	
      The CONSULTANT shall provide personnel suitably qualified
      and experienced to perform the Services in a diligent skilful and
      workmanlike manner and in accordance with recognized industry
    practice.

	 	 	 
		2.2. 	
      The CONSULTANT shall represent the COMPANY as instructed
      by the COMPANY using recognized industry practice, and liaise and
      co-ordinate discussions and negotiations to the best interest of the
      COMPANY. The CONSULTANT shall report and refer all decision making to the
      COMPANY and where appropriate make recommendation to assist the COMPANY in
      the making of such decisions.

	 	 	 
		2.3. 	
      The CONSULTANT shall fully co-operate with other
      contractors or sub- contractors utilized by the COMPANY.

	 	 	 
		2.4. 	
      The COMPANY shall have the right of access to and
      inspection of all Services hereunder at all reasonable hours and wherever
      performed.

	 	 	 
	3. 	
      INDEPENDENT CONTRACTOR

	 	3.1. 	
      The CONSULTANT shall supply the Services as an
      independent contractor and not as agent or employee of the
  COMPANY.

	4. 	
      REPORTING

	 	 	 
		4.1. 	
      The CONSULTANT shall report to the COMPANY representative
      who shall be the COMPANY President unless another person is nominated in
      writing by the COMPANY.

	 	 	 
	5. 	
      COMPENSATION

	 	 	 
		5.1. 	
      The COMPANY will pay the CONSULTANT for the Services as
      detailed in Exhibit A in accordance with the schedule under Exhibit B.
      Unless otherwise stated in Exhibit B, all amounts will be payable ten (10)
      days after invoiced.

	 	 	 
	6. 	
      CONTRACT DURATION

	 	 	 
		6.1. 	
      This Agreement shall commence as specified in Exhibit A
      and may be terminated for any reason by the COMPANY or the CONSULTANT
      giving notice to the other party under Exhibit A

	 	 	 
	7. 	
      ASSIGNMENT

	 	 	 
		7.1. 	
      Neither Party may transfer, sub-contract or assign this
      Agreement without the prior written consent of the other Party. Such
      consent shall not unreasonably be withheld.

	 	 	 
	8. 	
      LIABILITY

	 	 	 
		8.1. 	
      The CONSULTANT shall protect, defend, indemnify and save
      the COMPANY harmless from and against all claims, demands and causes of
      action of every kind and character whatsoever, arising out of or in
      connection with the death, bodily injury, or loss or damage to the
      property of the CONSULTANT's agents or invitees.

	 	 	 
		8.2. 	
      The COMPANY shall protect, defend and indemnify and save
      the CONSULTANT harmless from and against all claims, demands and causes of
      action of every kind and character whatsoever, arising out of or in
      connection with the death, bodily injury, or loss or damage to the
      property of the COMPANY or any of its other contractors, employees, agents
      or invitees.

	 	 	 
		8.3. 	
      The COMPANY shall protect, defend, indemnify and save the
      CONSULTANT harmless from and against all claims, demands and
  causes

of action of every kind and character
whatsoever, arising out of or in connection with the death, bodily injury, or
loss or damage to the property of any third party (other than those mentioned in
Clause 8.2 arising out of or in connection with the acts, defaults or omissions
of the COMPANY unless caused by the Gross Negligence of the CONSULTANT. 

	9. 	
      SAFETY OBLIGATIONS

	 	 	 
		9.1. 	
      The CONSULTANT shall reasonably comply with all the
      COMPANY safety procedures supplied to the CONSULTANT by the
  COMPANY.

	 	 	 
		9.2. 	
      The CONSULTANT shall be responsible for complying with
      all relevant safety laws and regulations and for taking reasonable safety
      precautions related to or arising out of the performance of the
      Agreement.

	 	 	 
		9.3. 	
      The COMPANY shall obtain all licenses, permits, temporary
      permits and authorizations required under any applicable laws, rules and
      regulations for the performance of the Services required.

	 	 	 
	10. 	
      INTERPRETATION AND
VENUE

		
      10.1. 
	
      This Agreement shall be construed and interpreted in
      accordance with the laws of Alberta, Canada and the parties hereto hereby
      submit to the exclusive jurisdiction of the Courts of the Province of
      Alberta Canada. 

	11. 		ENTIRE
      AGREEMENT AND AMENDMENTS 
	 	  	  
		
      11.1. 
	
      This Agreement and attached Exhibits hereto and any other
      attached addenda initialed by the parties constitute the entire Agreement
      between the CONSULTANT and the COMPANY; no prior written or oral
      representations shall be binding, unless expressly referring to this
      Agreement and all amendments shall be in writing.

	12.	 RESERVATIONS OF RIGHTS
      

	 	  	  

		12.1. 	 Failure by either party hereto
        at any time or from time to time to enforce or demand the performance
        of or adherence to any of the terms of this Agreement shall not constitute
        a waiver of any of that party's rights under this Agreement. 

	 	  	
	13.	 NOTICES 

	 	  	  

		13.1. 	 All notices and other communications
        required by this Agreement shall be in writing and shall be sent by prepaid
        mail or by facsimile or 

by receipted e-mail followed by formal
executed notice to the CONSULTANT or the COMPANY at the relevant address shown
below. Any such notice or other communication shall be deemed to have been
received by the addressee five working days following the date of it’s dispatch
or, if given by hand or by facsimile or by receipted e-mail, simultaneously with
its delivery or transmission. To prove the giving of a notice or other
communication it shall be sufficient to show that it was dispatched. 

CONSULTANT 

Steve Cowper 
108 Lake Hills Dr.

Austin, TX 78733 
United States 

Fax:

e-mail:               
scowper@ mindspring.com 

COMPANY 

Wescorp Energy Inc 
Suite 770, 435
– 4th Ave. SW 
Calgary, Alberta 
Canada T2P 3A8 

Fax                       
1 403 206 3993

e-mail:                  
notice@wescorpenergy.com

	14. 	FORCE MAJEURE 
	 	 	 
	 	14.1. 	 No failure or omission by either
        party to carry out or observe any of the stipulations, conditions or obligations
        to be performed hereund3er shall, except as herein expressly agreed to
        the contrary, give rise to any claim against such party or be deemed to
        be a breach of contract; if any such failure or omission arises from a
        cause reasonably beyond the control of such party. 

	15. 	 CONFIDENTIAL INFORMATION
      

	 	 	  

	 	15.1. 	 All information such as, but
        not limited to, correspondence, patents, drawings, processes, product
        prices, costs, research, technical manufacturing or commercial activities,
        maps, logs, records, data, photographs or reports furnished to the CONSULTANT
        by the COMPANY or obtained by the CONSULTANT as a result of the Services
        performed by CONSULTANT for 

COMPANY, or extrapolated from any or
all of the foregoing shall be treated by the CONSULTANT as confidential
information and the confidential property of the COMPANY. 

	16. 	DISCLOSURE OF INFORMATION 
	 	 	 
	 	16.1. 	 The CONSULTANT shall not disclose
        at any time during the term of this Agreement or for a period of two (2)
        years from the date of termination of this Agreement, any confidential
        Information as referred to under Clause 16, or information regarding the
        COMPANY's operations, or regarding the Services, to any other legal entity,
        organization or individual without the prior written consent of the COMPANY.
        Such consent shall not be unreasonably withheld. The CONSULTANT shall
        have no contact with the media, the press or any trade or professional
        publication of any nature without the prior written consent of the COMPANY.
        Such consent shall not be unreasonably withheld. 

	17.	 CONFLICT OF INTEREST

	 	 	
	 	17.1. 	 The CONSULTANT shall not pay
        any fee, commission, rebate or anything of value to or for the benefit
        of any employee of the COMPANY, nor will the CONSULTANT do business with
        any company knowing the results might directly benefit an employee of
        the COMPANY 

 

IN WITNESS WHEREOF, the parties hereto have executed this

Agreement the day and year first above written. 

 

THE CONSULTANT     
/s/ Steve
Cowper                                                        

 

THE COMPANY:      /s/Doug
Biles                                   
September
16, 2007

EXHIBIT A 

SERVICES 

This Agreement shall commence as of1st of September, 2007,and
continue for a period of three (3) years.

The CONSULTANT shall assume full responsibility subject to
Clauses 2.2 and 4.1 hereof for the performance, completion, competence and
provision of the Services necessary to complete the following activities :

As directed by the COMPANY Representative.

EXHIBIT B 

SCHEDULE OF PAYMENTS 

The following Schedule of Payments is in United States Dollars,
unless specifically noted, and represents the total amount payable to the
CONSULTANT for the complete performance of the Services as described in Exhibit
A. 

The CONSULTANT shall provide the Services at a rate as
stipulated in the table below: 

Per calendar month $ 8,500.00 

Travel (Air) At Documented Cost. 

Travel (Automobile) $ 0.42 / mile. 

Living Expenses At Documented Cost. 

  (Outside of Austin, Texas) 

100,000 shares of restricted COMPANY stock. Stockto be included
in a S8 Registration at a time and in a manner to be determined by COMPANY.
Stock shall be issued within 30 days following the execution of this Agreement..

Option to purchase 500,000 shares of COMPANY stock for the
closing stock price on the date of this contract. The option shall vest as
follows: 125,000 shares upon execution of this Agreement, 125,000 shares upon
the first anniversary of execution of this Agreement, 125,000 shares upon the
second anniversary of execution of this Agreement and 125,000 shares upon the
third anniversary of execution of this Agreement. Option to expire 5 years from
date of vesting. 

The above rates include, without limitation, the following:

	- 	corporate support, and other
      overheads, as appropriate 
	 	 
	- 	salaries 
	 	 
	- 	wages 
	 	 
	- 	bonus and incentive payments
  
	 	 
	- 	holidays with pay 
	 	 
	- 	sick pay 
	 	 
	- 	redundancy and notice/severance
      settlements pensions 
	 	 
	- 	overtime 

	- 	welfare facilities 
	 	 
	- 	all taxes, profit and overheads

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