Document:

Exhibit 10.1

                                AMENDMENT NO. 11
             TO REVOLVING CREDIT, TERM LOAN AND SECURITY AGREEMENT

     THIS  AMENDMENT  NO.  11  (this  "Agreement") is entered into as of June 4,
2010,  by and among BEST ENERGY SERVICES, INC (f/k/a HYBROOK RESOURCES CORP.), a
corporation organized under the laws of the State of Nevada ("Best"), BOB BEEMAN
DRILLING  COMPANY,  a  corporation organized under the laws of the State of Utah
("BBD")  and  BEST WELL SERVICE, INC., a corporation organized under the laws of
the  State  of  Kansas  ("BWS")  (Best,  BBD  and  BWS,  each  a "Borrower", and
collectively  "Borrowers"),  the  financial  institutions  party  hereto
(collectively, the "Lenders" and individually a "Lender") and PNC BANK, NATIONAL
ASSOCIATION  ("PNC"), as agent for Lenders (PNC, in such capacity, the "Agent").

                                   BACKGROUND

Borrowers,  Lenders and Agent are parties to that certain Revolving Credit, Term
Loan and Security Agreement dated as of February 14, 2008 (as amended, restated,
supplemented  or  otherwise  modified  from  time to time, the "Loan Agreement")
pursuant  to  which  Agent  and Lenders provide Borrowers with certain financial
accommodations.

Borrowers  have requested that Agent and Lenders amend certain provisions of the
Loan Agreement as hereafter provided, and Agent and Lenders are willing to do so
on  the  terms  and  conditions  hereafter  set  forth.

NOW,  THEREFORE,  in  consideration  of  any  loan or advance or grant of credit
heretfore  or  hereafter  made  to  or  for the account of Borrowers by Agent or
Lenders,  and  for  other  good  and  valuable  consideration,  the  receipt and
sufficiency of which are hereby acknowledged, the parties hereto hereby agree as
follows:

1.     Definitions.  All  capitalized  terms  not  otherwise  defined or amended
herein  shall  have  the  meanings  given  to  them  in  the  Loan  Agreement.

2.     Reservation  of  Rights: Borrowers acknowledge that the Events of Default
set  forth  on  Schedule  I  hereto (collectively, the "Existing Defaults") have
occurred  and  are  continuing  under  the  Loan  Agreement.

     (a) As a result of the Existing Defaults, Agent has the immediate right to
     exercise its rights and remedies under the Loan Agreement, the Other
     Documents or at law.

     (b) To the extent Agent makes any additional Advances after the date
     hereof, such Advances shall not constitute either a waiver of, nor
     agreement to forbear by Agent with respect to the Existing Defaults or any
     future violation or Event of Default under the Loan Agreement or the Other
     Documents, including, without limitation, the Existing Defaults. No such
     additional Advances by Agent shall, directly or indirectly, in any way
     whatsoever, impair, prejudice or otherwise adversely effect Agent's right
     at any time and from time to time to exercise any right, privilege or
     remedy in connection with the Loan Agreement or related documents or amend
     or alter the provisions of the Loan Agreement or the Other Documents or

<PAGE>
     constitute a course of dealing or other basis for altering any Obligation
     of Borrowers or any other Person or any right, privilege or remedy of Agent
     under the Loan Agreement or the Other Documents.

     (c) Although Agent is not presently taking any immediate action with
     respect to the Existing Defaults except as set forth above, Agent hereby
     reserves all its rights and remedies under the Loan Agreement, the Other
     Documents and applicable law, and its election not to exercise any such
     right or remedy at the present time shall not (a) preclude Agent from
     ceasing at any time to make Advances, (b) limit in any manner whatsoever
     Borrowers' obligation to comply with, and Agent's right to insist on
     Borrowers' compliance with, each and every term of the Loan Agreement and
     the Other Documents or (c) constitute a waiver of any Event of Default or
     any right or remedy available to Agent under the Loan Agreement, the Other
     Documents or applicable law, and Agent hereby expressly reserves its rights
     with respect to the same.

     (d) No failure or delay on the part of Agent in exercising any right or
     remedy under the Loan Agreement and no course of dealing between Borrowers
     and Agent shall operate as a waiver of any such right or remedy nor shall
     any single or partial exercise of any right or remedy under the Loan
     Agreement preclude any other or further exercise thereof or the exercise of
     any other right or remedy under the Loan Agreement. Agent expressly
     reserves all of its rights and remedies under the Loan Agreement.

3.     Amendments  to  Loan Agreement.  Subject to the satisfaction of Section 4
below,  and  effective  as of June 1, 2010, Section 2.4 of the Loan Agreement is
hereby  amended  by amending and restating the third sentence thereof to read in
its  entirety  as  set  forth  below:

"The Term Loan shall be, with respect to principal, payable monthly commencing
on May 1, 2009, and on the first day of each month thereafter, as follows: (a)
$97,500 per month, from the Amendment No. 1 Effective Date through December 31,
2009, (b) $125,000 per month, from January 1, 2010 through December 31, 2010
(provided, however, that the Term Loan payment with respect to the months of
May, 2010 and June, 2010 shall be in the amount of $50,000 payable on May 3,
2010 and June 1, 2010, respectively), and (c) $150,000 per month thereafter,
with the balance payable upon expiration of the Term, subject to acceleration
upon the occurrence of an Event of Default under this Agreement or termination
of this Agreement."

4.     Conditions  of Effectiveness.  This Agreement shall become effective when
Agent  shall  have  received:

     (a) four (4) copies of this Agreement executed by the Required Lenders and
     each Borrower;

     (b) the common stock purchase warrant for 500,000 shares of common stock of
     Best at an exercise price of $0.10 per share required to be delivered
     pursuant to Section 5(c) of that certain Waiver and Amendment No. 10 to
     Revolving Credit Term Loan and Security Agreement dated May 7, 2010; and

<PAGE>
     (c) such other certificates, instruments, documents, agreements and
     opinions of counsel as may be required by Agent or its counsel, each of
     which shall be in form and substance satisfactory to Agent and its counsel.
     5. Representations, Warranties and Covenants. Each Borrower hereby
     represents, warrants and covenants as follows:

     (a) This Agreement and the Loan Agreement constitute legal, valid and
     binding obligations of such Borrower and are enforceable against such
     Borrower in accordance with their respective terms.

     (b) Upon the effectiveness of this Agreement, each Borrower hereby
     reaffirms all covenants, representations and warranties made in the Loan
     Agreement to the extent the same are not amended or waived hereby and
     agrees that all such covenants, representations and warranties shall be
     deemed to have been remade as of the effective date of this Agreement.

     (c) The execution, delivery and performance of this Agreement and all other
     documents in connection therewith has been duly authorized by all necessary
     corporate action, and does not contravene, violate or cause the breach of
     any agreement, judgment, order, law or regulation applicable to any
     Borrower.

     (d) No Event of Default or Default has occurred and is continuing or would
     exist after giving effect to this Agreement (other than the Existing
     Defaults).

     (e) No Borrower has any defense, counterclaim or offset with respect to the
     Loan Agreement or the Obligations.

6.     Effect  on  the  Loan  Agreement.

     (a) Upon the effectiveness of this Agreement, each reference in the Loan
     Agreement to "this Agreement," "hereunder," "hereof," "herein" or words of
     like import shall mean and be a reference to the Loan Agreement as amended
     hereby. Except as specifically amended herein, the Loan Agreement, and all
     other documents, instruments and agreements executed and/or delivered in
     connection therewith, shall remain in full force and effect, and are hereby
     ratified and confirmed. This Agreement shall constitute an "Other Document"
     for all purposes under the Loan Agreement.

     (b) Except as expressly provided herein, the execution, delivery and
     effectiveness of this Agreement shall not operate as a waiver of any right,
     power or remedy of Agent or any Lender, nor constitute a waiver of any
     provision of the Loan Agreement, or any other documents, instruments or
     agreements executed and/or delivered under or in connection therewith.

7.     Release.  The  Borrowers  hereby acknowledge and agree that:  (a) neither
they nor any of their Affiliates have any claim or cause of action against Agent
or  any  Lender  (or  any  of  Agent's  or  any  Lender's  Affiliates, officers,
directors,  employees,  attorneys, consultants or agents) and (b) Agent and each
Lender  have  heretofore properly performed and satisfied in a timely manner all
of  their  respective  obligations to the Borrowers under the Loan Agreement and

<PAGE>
the Other Documents.  Notwithstanding the foregoing, Agent and each Lender wish
(and the Borrowers agree) to eliminate any possibility that any past conditions,
acts, omissions, events or circumstances would impair or otherwise adversely
affect any of Agent's or such Lender's rights, interests, security and/or
remedies under the Loan Agreement and the Other Documents.  Accordingly, for and
in consideration of the agreements contained in this Agreement and other good
and valuable consideration, each Borrower (for itself and its Affiliates and the
successors, assigns, heirs and representatives of each of the foregoing) (each a
"Releasor" and collectively, the "Releasors") does hereby fully, finally,
unconditionally and irrevocably release and forever discharge Agent, each Lender
and each of their respective Affiliates, officers, directors, employees,
attorneys, consultants and agents (each a "Released Party" and collectively, the
"Released Parties") from any and all debts, claims, obligations, damages, costs,
attorneys' fees, suits, demands, liabilities, actions, proceedings and causes of
action, in each case, whether known or unknown, contingent or fixed, direct or
indirect, and of whatever nature or description, and whether in law or in
equity, under contract, tort, statute or otherwise, which any Releasor has
heretofore had or now or hereafter can, shall or may have against any Released
Party by reason of any act, omission or thing whatsoever done or omitted to be
done on or prior to the date hereof arising out of, connected with or related in
any way to this Agreement, the Loan Agreement or any Other Document, or any act,
event or transaction related or attendant thereto, or Agent's or any Lender's
agreements contained therein, or the possession, use, operation or control of
any of the assets of agreements contained therein, or the possession, use,
operation or control of any of the assets of the Borrowers, or the making of any
advance, or the management of such advance or the Collateral.

     8.     Governing  Law.  This  Agreement  shall be binding upon and inure to
the  benefit  of  the parties hereto and their respective successors and assigns
and  shall be governed by and construed in accordance with the laws of the State
of  New  York  (other  than  those conflict of law rules that would defer to the
substantive  law  of  another  jurisdiction).

9.     Cost  and Expenses.   Borrowers hereby agree to pay the Agent, on demand,
all  costs  and  reasonable  expenses  (including reasonable attorneys' fees and
legal  expenses)  incurred in connection with this Agreement and any instruments
or  documents  contemplated  hereunder.

10.     Headings.  Section  headings  in  this Agreement are included herein for
convenience  of reference only and shall not constitute a part of this Agreement
for  any  other  purpose.

11.     Counterparts;  Facsimile  Signatures.  This Agreement may be executed by
the  parties hereto in one or more counterparts of the entire document or of the
signature  pages  hereto,  each  of which shall be deemed an original and all of
which taken together shall constitute one and the same agreement.  Any signature
received  by  facsimile  or  electronic transmission shall be deemed an original
signature  hereto.

                  [Remainder of page intentionally left blank]

<PAGE>
     IN WITNESS WHEREOF, this Agreement has been duly executed as of the day and
year first written above.

                              PNC BANK, NATIONAL ASSOCIATION,
                              as Lender and as Agent

                              By: /s/ A. Roger Craig
                              Name: A. Roger Craig
                              Title: Vice President

                              BEST ENERGY SERVICES, INC.

                              By: /s/ Mark G. Harrington
                              Name: Mark G. Harrington
                              Title: Chairman

                              BOB BEEMAN DRILLING COMPANY

                              By: /s/ Mark G. Harrington
                              Name: Mark G. Harrington
                              Title: CEO

                              BEST WELL SERVICE, INC.

                              By: /s/ Mark G. Harrington
                              Name: Mark G. Harrington
                              Title:  President

                      [Signature Page to Amendment No. 11]

<PAGE>

                                   SCHEDULE I

                               Existing Defaults

     1.     An  Event  of  Default  as a result of the Borrowers' failure to pay
certain  taxes  as  required  pursuant  to  Section  4.13 of the Loan Agreement.

2.     An  Event  of Default as a result of the Borrowers' failure to deliver to
Agent  the  common  stock purchase warrant for 500,000 shares of common stock of
Best  at  an  exercise  price of $0.10 per share as required pursuant to Section
5(c)  of  that certain Waiver and Amendment No. 10 to Revolving Credit Term Loan
and  Security  Agreement  dated  May  7,  2010.ex10-6.htm

EXHIBIT 10.6

Employment Agreement

 

 

SYNTHETECH, INC.

 

Gregory Robert Hahn

 

 

 

Dated as of April 1, 2010

 

  

  

  

 

Employment Agreement

 

This Employment Agreement (this "Agreement"), dated as of April 1, 2010 (the "Commencement Date"), is between Synthetech, Inc., an Oregon corporation ("Employer"), and Gregory Robert Hahn ("Executive").

 

RECITALS

 

A.           Employer desires to continue to retain the services of Executive upon the terms and conditions set forth herein.

 

B.           Executive is willing to continue to provide services to Employer upon the terms and conditions set forth herein.

 

AGREEMENT

 

For and in consideration of the foregoing premises and for other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, Employer and Executive hereby agree as follows:

 

	
1.

	
EMPLOYMENT

 

Employer will continue to employ Executive and Executive will accept continued employment by Employer as its President and Chief Executive Officer.  Executive will have the authority, subject to Employer's Articles of Incorporation and Bylaws, as may be granted from time to time by the Board of Directors of Employer (the "Board of Directors").  Executive will perform the duties assigned to the President and Chief Executive Officer in Employer's Bylaws, the duties customarily performed by the President and Chief Executive  Officer of a corporation which is, in all material respects, similar to Employer and such other duties as may be assigned from time to time by Employer's Board of Directors, which relate to the business of Employer or any subsidiaries or parent company of Employer or any business ventures in which Employer or any subsidiaries or parent company of Employer may participate.

 

	
2.

	
ATTENTION AND EFFORT

 

Executive will devote the necessary time, ability, attention and effort to Employer's business and will serve its interests during the term of this Agreement; provided, however, that Executive may devote reasonable periods of time to (a) engaging in personal investment activities, (b) serving on the board of directors of other corporations, and (c) engaging in charitable or community service activities, so long as none of the foregoing additional activities (x) materially interfere with Executive's duties under this Agreement or (y) violate paragraph 8.

 

  

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3.

	
TERM

 

Unless otherwise terminated pursuant to paragraph 6 of this Agreement, Executive's term of employment under this Agreement shall commence on the Commencement Date and shall expire on March 31, 2012; provided, however, that, commencing on March 31, 2012 and on each anniversary thereafter on which the term of this Agreement may be scheduled to expire and subject to paragraph 6, the expiration date of the term of Executive's employment hereunder shall automatically be extended for two additional years unless, not later than the date 180 days prior to the expiration of the then existing term, either party gives the other written notice that the expiration date shall not be so extended; and, provided, further, that if a Change in Control (as defined in paragraph 7.4) of Employer occurs and Executive's employment with Employer is not terminated in connection with such Change in Control, the term of this Agreement shall automatically extend for an additional two years from the date on which the Change in Control occurs.

 

	
4.

	
COMPENSATION

 

Commencing on the Commencement Date and continuing during the term of this Agreement, Employer agrees to pay or cause to be paid to Executive, and Executive agrees to accept in exchange for the services rendered hereunder by him, the following compensation:

 

4.1.           Base Salary

 

Executive's compensation shall consist, in part, of an annual base salary.  Until March 31, 2012, Executive’s annual base salary shall be no less than $225,000, before customary payroll deductions.  Such annual base salary shall be paid in substantially equal installments and at the same intervals as other officers of Employer are paid, and shall be prorated for any partial years.  The Compensation Committee of the Board of Directors (the "Compensation Committee") shall determine any increases in the annual base salary in future years.

 

4.2.           Performance Bonus

 

Executive may be entitled to receive, in addition to the annual base salary described above, an annual bonus in an amount (up to 45% of Executive's base salary, although in the case of exceptional performance, as determined by the Compensation Committee in its sole discretion, a bonus of greater than 45% may be awarded) to be determined by the Compensation Committee, in its sole discretion.  The Compensation Committee shall determine the performance objectives relating to the annual bonus for a given fiscal year prior to the beginning of that year and shall determine achievement of performance objectives in its sole discretion.  Any annual bonus will be paid to Executive no later than 30 days after completion of Employer's audited financial statements for the fiscal year for which such bonus applies, but in no event later than the end of Executive's taxable year.  If (a) Executive's employment with Employer terminates as a result of expiration of the term of this Agreement or termination by Employer other than for Cause (as defined in paragraph 7.5) or by Executive with Good Reason (as defined in paragraph 7.6) or due to Executive's death or total disability (as defined in paragraph 6.3) and (b) actual performance for the fiscal year during which such termination occurs achieves the performance objectives established by the Compensation Committee for such fiscal year, Executive shall be entitled to receive (no later than 30 days after completion of Employer's audited financial statements for the applicable fiscal year, but in no event later than the end of Executive's taxable year) an annual performance bonus, the amount of which shall be prorated (based on the number of days during such fiscal year Executive was employed by Employer prior to such termination).

 

  

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4.3           Equity Awards

 

The Compensation Committee shall determine any grants of restricted stock, stock options or other equity-based awards to be made to Executive.

 

4.4           Withholding

 

Employer shall withhold from any payments under this Agreement all federal, state, city or other taxes as may be required pursuant to any applicable law, governmental regulation or ruling.

 

	
5.

	
BENEFITS; KEY-MAN LIFE INSURANCE; INDEMNIFICATION

 

5.1           Benefits; Vacation

 

During the term of this Agreement, Executive will be entitled to participate, subject to and in accordance with applicable eligibility requirements, in fringe benefit programs as shall be available generally to officers and employees of Employer or which may be provided specifically for Executive from time to time by action of the Compensation Committee (or any other person or committee appointed by the Board of Directors to determine fringe benefit programs).  Executive shall be entitled to four weeks of vacation, in addition to paid holidays offered by Employer generally to its employees, on an annual basis.

 

5.2           Vehicle

 

Employer will secure a lease for a mutually agreed upon automobile that Executive will utilize during the term of his employment with Employer, and Employer shall pay all expenses related to the use of such automobile, including, but not limited to, financing, operation and maintenance of the automobile and all standard liability, collision and comprehensive insurance for the use of such automobile.

 

5.3           Moving and Commuting Expenses

 

Employer will pay up to $ 25,000 of Executive's reasonable out-of-pocket moving expenses incurred prior to March 31, 2012 in connection with Executive's relocation to Oregon.

 

  

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5.4           Key-Man Life Insurance

 

At Employer's request, Executive shall cooperate with Employer in obtaining, at Employer's expense, key-man life insurance policies on Executive's life, with Employer to be the beneficiary of any such policies.  Employer's inability to obtain such insurance due to lack of insurability of Executive shall not be deemed a breach of this Agreement.

 

5.5           Indemnification

 

Employer agrees that it will indemnify Executive against liability as an officer of Employer and, to the extent he acts in such capacity, as a director of Employer or as a director or an officer of any of Employer's affiliates, to the fullest extent permitted by applicable law. To the fullest extent permitted by applicable law, Employer agrees to advance and pay all reasonable legal fees and costs on behalf of Executive to defend Executive against any and all claims against Executive relating to his position as an officer and director of Employer, and Executive shall have the right to select his legal counsel to defend him against any and all such claims, provided that such counsel must be reasonably acceptable to Employer.

 

5.6           Individual Life Insurance

 

Subject to Executive's eligibility therefore, Employer shall secure and maintain during the term of Executive’s employment with Employer a standard term life insurance policy in the aggregate amount of $225,000 for the benefit of Executive and his designated beneficiaries.

 

	
6.

	
TERMINATION

 

Employment of Executive pursuant to this Agreement may be terminated as follows, but in any case, the provisions of paragraph 8 hereof shall survive the termination of this Agreement and the termination of Executive's employment hereunder:

 

6.1.           By Employer

 

With or without Cause (as defined below), Employer may terminate the employment of Executive at any time during the term of employment upon giving Executive at least 90 days' prior written notice thereof.  The effective date of the termination of Executive's employment shall be the date on which such applicable 90-day period expires; provided, however, that Employer may, upon notice to Executive and without reducing Executive's annual base salary during such 90-day period, excuse Executive from any or all of his duties during such period and request Executive to immediately resign as a Director, if applicable, and officer of Employer, whereupon, if requested to so resign, Executive shall immediately resign.

 

  

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6.2.           By Executive

 

Executive may terminate his employment at any time upon giving Employer, in the case of termination by Executive (a) other than with Good Reason, at least 90 days' prior written notice thereof and (b) with Good Reason, at least 30 days' prior written notice thereof.  The effective date of the termination of Executive's employment shall be the date on which such applicable 90 or 30-day period expires; provided, however, that Employer may, upon notice to Executive and without reducing Executive's annual base salary during such 90 or 30-day period, excuse Executive from any or all of his duties during such period and request Executive to immediately resign as a Director, if applicable, and officer of Employer, whereupon, if requested to so resign, Executive shall immediately resign.  Any such resignation at Employer's request following Executive's notice of termination other than with Good Reason shall not be deemed to represent termination of Executive's employment by Employer for purposes of this Agreement or otherwise, but shall be deemed voluntary termination by Executive of his employment without Good Reason.

 

6.3.           Automatic Termination

 

This Agreement and Executive's employment hereunder shall terminate automatically upon the death or total disability of Executive.  The term "total disability" as used herein shall mean Executive's inability to perform the duties set forth in paragraph 1 hereof, with or without reasonable accommodation, for a period or periods aggregating 120 calendar days in any 12-month period as a result of physical or mental illness, loss of legal capacity or any other cause beyond Executive's control, unless Executive is granted a leave of absence by the Board of Directors.  Executive and Employer hereby acknowledge that Executive's ability to perform the duties specified in paragraph 1 hereof is of the essence of this Agreement. Termination hereunder shall be deemed to be effective immediately upon Executive's death or a determination by the Board of Directors of Executive's total disability, as defined herein.

 

	
7.

	
TERMINATION PAYMENTS

 

In the event of termination of the employment of Executive, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this paragraph 7:

 

	
  

	
7.1.

	
Termination by Employer Without Cause or by Executive With Good Reason, or Upon Change in Control of Employer

 

If Employer terminates Executive's employment without Cause, or if Executive terminates his employment with Good Reason, or if Executive's employment is terminated upon a Change in Control of Employer (as defined in paragraph 7.4 below), in each case prior to the end of the term of this Agreement, Executive shall be entitled to receive immediately and in a lump sum payment: (a) termination payments equal to 200% of Executive's then-current annual base salary, (b) any unpaid annual base salary and unpaid fringe benefits under paragraph 5.1 that have accrued as of the date termination of Executive's employment becomes effective (or, if applicable, up to the end of the 90 or 30-day period referenced in paragraphs 6.1 or 6.2) and (c) performance bonus payments pursuant to paragraph 4.2, except such performance bonus payments shall be made by Employer in accordance with payment provisions and terms set forth in paragraph 4.2 (e.g. payment shall be no later than 30 days after completion of Employer's audited financial statements for the applicable fiscal year, but in no event later than the end of Executive's taxable year, and shall be calculated based upon prorated calculations, if applicable, as provided for by paragraph 4.2).  Executive shall also be entitled to receive reimbursement of expenses actually incurred for continuation coverage under a group health plan of the Employer for a period of twelve months following termination of employment.  If Executive is terminated by Employer for Cause, Executive shall not be entitled to receive any of the foregoing benefits, other than any accrued but unpaid annual base salary and other benefits set forth in clause (b) above.

 

  

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7.2

	
Termination by Executive Without Good Reason; Termination Because of Death or Total Disability

 

In the case of the termination of Executive's employment by Executive without Good Reason or because of his death or total disability, Executive (or his personal representative, as applicable) shall not be entitled to receive any payments hereunder other than (a) any accrued but unpaid annual base salary and other benefits set forth in clause (b) of paragraph 7.1 hereof and (b) solely with respect to termination of Executive's employment because of his death or total disability, any annual bonus payments pursuant to clause (c) of paragraph 7.1 hereof.

 

	
  

	
7.3.

	
Expiration of Term; Termination Pursuant to Paragraph 3

 

Notwithstanding anything to the contrary, in the case of a termination of Executive's employment as a result of the expiration of the term (as the same may be extended pursuant to paragraph 3) of this Agreement, Executive shall not be entitled to receive any payments hereunder other than those set forth in clauses (b) and (c) of paragraph 7.1 hereof.

 

	
  

	
7.4.

	
Definition of Change in Control

 

A "Change in Control" of Employer shall mean:  (a) any consolidation or merger of Employer in which Employer is not the continuing or surviving corporation or pursuant to which shares of Employer's Common Stock would be converted into the right to receive cash, securities or other property, other than a merger of Employer in which the holders of Common Stock immediately prior to the merger have the same proportionate ownership of common stock of the surviving corporation immediately after the merger; (b) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all the assets of Employer; (c) the acquisition by any person (as such term is defined in Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), excluding, for this purpose, Employer) of any shares of Common Stock (or securities convertible into Common Stock), if after making such acquisition, such person is the beneficial owner (as such term is defined in Rule 13d-3 promulgated under the Exchange Act), directly or indirectly, of 30% or more of the outstanding Common Stock (calculated as provided in paragraph (d) of such Rule 13d-3 in the case of rights to acquire common stock); or (d) the failure, for any reason, of the persons comprising the Board of Directors as of the date hereof (the "Incumbent Board") to constitute at least a majority of the Board of Directors; provided, however, that any person whose election or nomination for election was approved by a majority of the persons then comprising the Incumbent Board (other than an election or nomination of a person whose initial assumption of office is in connection with an actual or threatened election contest relating to the election of directors) shall be, for purposes of this Agreement, deemed to be a member of the Incumbent Board.

 

  

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7.5.

	
Definition of Cause

 

Whenever reference is made in this Agreement to termination being with or without Cause, "Cause" shall mean cause given by Executive to Employer and shall include the occurrence of one or more of the following events:

 

(a)           Willful failure or refusal to carry out the lawful duties of Executive described in paragraph 1 hereof or lawful directions of Employer's Board of Directors, which directions are reasonably consistent with the duties herein set forth to be performed by Executive;

 

(b)           Conviction of or entering a plea of guilty or no contest to a violation by Executive of a state or federal criminal law involving the commission of a crime against Employer or its employees or a felony;

 

(c)           Continuous misuse of alcohol or controlled substances or illegal substances that materially interferes with Executive's performance of his duties to Employer; deception, fraud, misrepresentation or dishonesty by Executive; any incident materially compromising Executive's reputation or ability to represent Employer with the public; any act or omission by Executive that materially impairs Employer's business, good will or reputation; or any other misconduct; or

 

(d)           Any material violation of any provision of this Agreement or any noncompetition agreement with Employer that is not cured by Executive within 30 days after receipt of written notice thereof given by Employer.

 

	
  

	
7.6

	
Definition of Good Reason

 

Whenever reference is made in this Agreement to termination being with Good Reason, "Good Reason" means the occurrence, without Executive's written consent, of one or more of the following events:

 

(a)           Action by Employer which results in a material diminution in the position held by Executive, or the assignment to Executive of duties materially inconsistent with his position with Employer, excluding for this purpose inadvertent action not taken in bad faith and that is remedied by Employer within 30 days after receipt of written notice thereof, which written notice must be given by Executive within 90 days of the breach by Employer;

 

  

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(b)           Failure by Employer to promptly pay Executive any installment or portion of his compensation from Employer when earned and due, excluding for this purpose any inadvertent action not taken in bad faith and that is remedied by Employer within 30 days after receipt of written notice thereof, which written notice must be given by Executive within 90 days of the breach by Employer;

 

(c)           Employer requiring Executive generally to perform his duties to Employer at a location more than 75 miles outside the Albany, Oregon area, excluding for this purpose travel outside such area reasonably required in connection with fulfilling his duties and responsibilities to Employer and excluding for this purpose any inadvertent action not taken in bad faith and that is remedied by Employer within 30 days after receipt of written notice thereof, which written notice must be given by Executive within 90 days of the breach by Employer; or

 

(d)           Any other material breach by Employer of this Agreement that is not cured by Employer within 30 days after receipt of written notice thereof, which written notice must be given by Executive within 90 days of the breach by Employer.

 

	
  

	
7.7

	
Payment Schedule

 

Notwithstanding anything to the contrary, to the extent necessary to comply with the deferred compensation requirements of section 409A of the Internal Revenue Code of 1986, as amended, all payments under this paragraph 7 shall be deferred during the six months immediately following the termination date (other than payments for accrued but unpaid annual base salary or annual bonus) and paid promptly following the end of such six-month period.

 

	
8.

	
NONSOLICITATION

 

	
  

	
8.1.

	
Applicability

 

This paragraph 8 shall survive the termination of Executive's employment with Employer or the expiration of the term of this Agreement.

 

	
  

	
8.2.

	
Nonsolicitation

 

Executive agrees that he will not, directly or indirectly, during his employment and for a period of two years from the later of (a) the date on which his employment with Employer terminates for any reason and (b) the date this Agreement expires, solicit, influence or entice, or attempt to solicit, influence or entice, any employee or consultant of Employer to cease his relationship with Employer or solicit, influence, entice or in any way divert any customer, distributor, partner, joint venture or supplier of Employer to do business or in any way become associated with any Competitor.  A "Competitor" shall include any entity which, directly or indirectly, competes with Employer or produces, markets, distributes or otherwise derives benefit from the production, marketing or distribution of products that compete with products then produced by Employer or the feasibility for production of which Employer is then actually studying, or which is preparing to market or is developing products that will be in competition with the products then produced or being studied or developed by Employer, in each case anywhere within such geographic areas as Employer sells or markets its products at the time of termination of Executive's employment with Employer, unless released from such obligation in writing by the Board of Directors.

 

  

9

  

 

	
  

	
8.3.

	
Assignment of Intellectual Property

 

All concepts, designs, machines, devices, uses, processes, technology, trade secrets, works of authorship, customer lists, plans, embodiments, inventions, improvements or related work product (collectively "Intellectual Property") which Executive develops, conceives or first reduces to practice during the term of his employment hereunder or within one year after the termination of his employment hereunder or the expiration of this Agreement, whether working alone or with others, shall be the sole and exclusive property of Employer, together with any and all Intellectual Property rights, including, without limitation, patent or copyright rights, related thereto, and Executive hereby assigns to Employer all of such Intellectual Property.  "Intellectual Property" shall include only such concepts, designs, machines, devices, uses, processes, technology, trade secrets, customer lists, plans, embodiments, inventions, improvements and work product which (a) relate to Executive's performance of services under this Agreement, to Employer's field of business or to Employer's actual or demonstrably anticipated research or development, whether or not developed, conceived or first reduced to practice during normal business hours or with the use of any equipment, supplies, facilities or trade secret information or other resource of Employer or (b) are developed, in whole or in part, on Employer's time or developed using Employer's equipment, supplies, facilities or trade secret information, or other resources of Employer, whether or not the work product relates to Employer's field of business or Employer's actual or demonstrably anticipated research.

 

	
  

	
8.4.

	
Disclosure and Protection of Inventions

 

Executive shall disclose in writing all concepts, designs, processes, technology, plans, embodiments, inventions or improvements constituting Intellectual Property to Employer promptly after the development thereof.  At Employer's request and at Employer's expense, Executive will assist Employer or its designee in efforts to protect all rights relating to such Intellectual Property.  Such assistance may include, without limitation, the following:  (a) making application in the United States and in foreign countries for a patent or copyright on any work products specified by Employer; (b) executing documents of assignment to Employer or its designee of all of Executive's right, title and interest in and to any work product and related intellectual property rights; and (c) taking such additional action (including, without limitation, the execution and delivery of documents) to perfect, evidence or vest in Employer or its designee all right, title and interest in and to any Intellectual Property and any rights related thereto.

 

  

10

  

 

	
  

	
8.5.

	
Nondisclosure; Return of Materials

 

During the term of his employment by Employer and following termination of such employment, he will not disclose (except as required by his duties to Employer), any concept, design, process, technology, trade secret, customer list, plan, embodiment, or invention, any other Intellectual Property or any other confidential information (including, without limitation, customer information), whether patentable or not, of Employer of which Executive becomes informed or aware during his employment, whether or not developed by Executive.  In the event of the termination of his employment with Employer or the expiration of this Agreement, Executive will return all documents, data and other materials of whatever nature, including, without limitation, drawings, specifications, research, reports, embodiments, software and manuals to Employer which pertain to his employment with Employer or to any Intellectual Property and shall not retain or cause or allow any third party to retain photocopies or other reproductions of the foregoing.

 

	
  

	
8.6.

	
Equitable Relief

 

Executive acknowledges that the provisions of this paragraph 8 are essential to Employer, that Employer would not enter into this Agreement if it did not include this paragraph 8 and that damages sustained by Employer as a result of a breach of this paragraph 8 cannot be adequately remedied by damages, and Executive agrees that Employer, notwithstanding any other provision of this Agreement, including paragraph 13 hereof, and in addition to any other remedy it may have under this Agreement or at law, shall be entitled to injunctive and other equitable relief to prevent or curtail any breach of any provision of this Agreement, including this paragraph 8.

 

	
  

	
8.7.

	
Effect of Violation

 

Executive and Employer acknowledge and agree that additional consideration has been given for Executive entering into this paragraph 8, such additional consideration, including, certain provisions for termination payments pursuant to paragraph 7 of this Agreement.  Violation by Executive of this paragraph 8 shall relieve Employer of any obligation it may have to make such termination payments, but shall not relieve Executive of his obligations under this paragraph 8.

 

	
  

	
8.8.

	
Definition of Employer

 

For purposes of subparagraph 8.2 hereof, "Employer" shall include Employer and any of its subsidiaries or parent corporation and any business ventures in which Employer or any of its subsidiaries or parent corporation may participate.

 

	
9.

	
REPRESENTATIONS AND WARRANTIES

 

In order to induce Employer to enter into this Agreement, Executive represents and warrants to Employer as follows:

 

  

11

  

 

	
  

	
9.1

	
No Violation of Other Agreements

 

Neither the execution nor the performance of this Agreement by Executive will violate or conflict in any way with any other agreement by which Executive may be bound, or with any other duties imposed upon Executive by corporate or other statutory or common law.

 

	
  

	
9.2

	
Patents, Etc.

 

Executive has prepared and attached hereto as Schedule A a list of all inventions, patent applications and patents made or conceived by Executive prior to the date hereof, which are subject to prior agreement or which Executive desires to exclude from this Agreement, or, if no such list is attached, Executive hereby represents and warrants to Employer that there are no such inventions, patent applications or patents.

 

	
10.

	
FORM OF NOTICE

 

All notices given hereunder shall be given in writing, shall specifically refer to this Agreement and shall be personally delivered or sent by telecopy or other electronic facsimile transmission, by overnight delivery by a nationally recognized carrier service or by registered or certified mail, return receipt requested, at the address set forth below or at such other address as may hereafter be designated by notice given in compliance with the terms hereof:

 

	
  

	
If to Executive:

	
Gregory Robert Hahn

 

	
  

	
Albany, OR  97321

 

	
  

	
If to Employer:

	
Synthetech, Inc.

	
  

	
1290 Industrial Way

	
  

	
Albany, OR 97321-0210

	
  

	
Fax No. (541) 967-9424

	
  

	
Attention:  Chairman, Board of Directors

 

	
  

	
Copy to:

	
Perkins Coie LLP

	
  

	
1120 NW Couch Street, Tenth Floor

	
  

	
Portland, OR  97209-4128

	
  

	
Attention:  David Matheson

	
  

	
Facsimile No.: 503-727-2222

 

If notice is mailed, such notice shall be effective upon mailing, if such notice is sent by overnight delivery, such notice shall be effective upon the next business day following delivery to the courier service, or if notice is personally delivered or sent by telecopy or other electronic facsimile transmission, it shall be effective upon receipt.

 

  

12

  

 

	
11.

	
ASSIGNMENT

 

This Agreement is personal to Executive and shall not be assignable by Executive.  Employer may assign its rights hereunder to (a) any corporation resulting from any merger, consolidation or other reorganization to which Employer is a party or (b) any corporation, partnership, association or other person to which Employer may transfer all or substantially all of the assets and business of Employer existing at such time.  All of the terms and provisions of this Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the parties hereto and their respective successors, heirs, legal representatives and permitted assigns.

 

	
12.

	
WAIVERS

 

No delay or failure by any party hereto in exercising, protecting or enforcing any of its rights, titles, interests or remedies hereunder, and no course of dealing or performance with respect thereto, shall constitute a waiver thereof.  The express waiver by a party hereto of any right, title, interest or remedy in a particular instance or circumstance shall not constitute a waiver thereof in any other instance or circumstance.  All rights and remedies shall be cumulative and not exclusive of any other rights or remedies.

 

	
13.

	
ARBITRATION

 

Subject to the provisions of subparagraph 8.6 hereof, any controversies or claims arising out of or relating to this Agreement shall be fully and finally settled by arbitration in Portland, Oregon, in accordance with the Commercial Arbitration Rules of the American Arbitration Association then in effect (the "AAA Rules"), conducted by one arbitrator either mutually agreed upon by Employer and Executive or chosen in accordance with the AAA Rules, except that (a) the parties thereto shall have any right to discovery as would be permitted by the Federal Rules of Civil Procedure for a period of 90 days following the commencement of such arbitration and the arbitrator thereof shall resolve any dispute which arises in connection with such discovery and (b) the arbitration may be conducted by AAA or by such other arbitration service as the parties agree.  The prevailing party shall be entitled to costs, expenses and reasonable attorneys' fees, and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof.

 

	
14.

	
AMENDMENTS IN WRITING

 

No amendment, modification, waiver, termination or discharge of any provision of this Agreement, nor consent to any departure therefrom by either party hereto, shall in any event be effective unless the same shall be in writing, specifically identifying this Agreement and the provision intended to be amended, modified, waived, terminated or discharged and signed by Employer and Executive, and each such amendment, modification, waiver, termination or discharge shall be effective only in the specific instance and for the specific purpose for which given.  No provision of this Agreement shall be varied, contradicted or explained by any oral agreement, course of dealing or performance or any other matter not set forth in an agreement in writing and signed by Employer and Executive.

 

  

13

  

 

	
15.

	
APPLICABLE LAW; VENUE

 

This Agreement shall in all respects, including all matters of construction, validity and performance, be governed by, and construed and enforced in accordance with, the laws of the State of Oregon, without regard to any rules governing conflicts of laws.  Subject to paragraph 13, the parties irrevocably consent to the exclusive jurisdiction and venue of the state and federal courts located in Multnomah County, Oregon in connection with any action relating to this Agreement.

 

	
16.

	
SEVERABILITY

 

If any provision of this Agreement shall be held invalid, illegal or unenforceable in any jurisdiction, for any reason, including, without limitation, the duration of such provision, its geographical scope or the extent of the activities prohibited or required by it, then, to the full extent permitted by law (a) all other provisions hereof shall remain in full force and effect in such jurisdiction and shall be liberally construed in order to carry out the intent of the parties hereto as nearly as may be possible, (b) such invalidity, illegality or unenforceability shall not affect the validity, legality or enforceability of any other provision hereof, and (c) any court or arbitrator having jurisdiction thereover shall have the power to reform such provision to the extent necessary for such provision to be enforceable under applicable law.

 

	
17.

	
HEADINGS

 

All headings used herein are for convenience only and shall not in any way affect the construction of, or be taken into consideration in interpreting, this Agreement.

 

	
18.

	
COUNTERPARTS

 

This Agreement, and any amendment or modification entered into pursuant to paragraph 14 hereof, may be executed in any number of counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute one and the same instrument.

 

	
19.

	
ENTIRE AGREEMENT

 

This Agreement on and as of the date hereof constitutes the entire agreement between Employer and Executive with respect to the subject matter hereof and all prior or contemporaneous oral or written communications, understandings or agreements between Employer and Executive with respect to such subject matter are hereby superseded and nullified in their entireties, including, without limitation, all provisions of the Employment Agreement dated as of November 30, 2007 (the "Prior Agreement") except for the noncompetition provisions set forth in Section 8.2 thereof; provided, however, that, notwithstanding the foregoing, Employer and Executive agree that the noncompetition provisions set forth in Section 8.2 of the Prior Agreement, which was entered into prior to the commencement of Executive's employment with Employer, shall remain in full force and effect.

 

  

14

  

 

IN WITNESS WHEREOF, the parties have executed and entered into this Employment Agreement on the date set forth above.

	 	 	 
	 	EXECUTIVE:	 
	 	 	 
	 	Name: Gregory Robert Hahn	 

	 	 	 
	 	EMPLOYER:	 
	 	SYNTHETECH, INC.	 
	 	 	 
	
 

	
By: 

	 	 
	 	Title: 	Chairman, Board of Directors	 

 

  

  

  

 

Schedule A

to

Employment Agreement

 

NONE

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