Document:

Restricted Stock Unit Award Agreement with W. Howard Lester

 Exhibit 10.2 
 WILLIAMS–SONOMA, INC. 2001 LONG-TERM INCENTIVE PLAN 
 RESTRICTED STOCK UNIT AWARD
AGREEMENT 
  

											
	 Name:
	  	 Howard Lester
	  	 Employee ID#:
	  	 20031
	  		  	
	 Award Date:
	  	 January 25, 2010
	  	 Award Date FMV:
	  	 $5,000,000
	  		  	
	 Number of RSUs:
	  	 249,501
	  		  		  		  	

  

	 1.
	 Award. Williams-Sonoma, Inc. (the “Company”), has awarded you the number of Restricted Stock Units indicated above. Each Restricted Stock
Unit entitles you to receive one share of common stock (“Common Stock”) of the Company upon the terms and subject to the conditions set forth in the Company’s 2001 Long-Term Incentive Plan (the “Plan”) and this Restricted
Stock Unit Award Agreement (the “Agreement”). Prior to the distribution of any shares of Common Stock, this Award represents an unsecured obligation, payable only from the general assets of the Company. 

  

	 2.
	 Vesting. Subject to any acceleration provisions contained in the Plan or this Agreement, the Restricted Stock Units subject to this Award will vest in
full on the fourth anniversary of the Award Date, subject to your continued employment through each relevant vesting date. 

 Subject to the provisions of Sections 5 and 9, shares of Common Stock will be issued in payment of the Award as soon as practicable after vesting (but in each such case no later than the date that is
two-and-one-half months from the end of the Company’s tax year that includes the vesting date), net of shares of Common Stock withheld by the Company to satisfy the minimum statutorily required federal, state and local withholding obligations,
as provided in Section 6. You will have no right to receive shares under this Award unless and until the Restricted Stock Units vest. 
 Shares of Common Stock payable to you under this Award will be issued to you or, in case of your death, your beneficiary designated in accordance with the procedures specified by the Administrator. If, at the time
of your death, there is not an effective beneficiary designation on file or you are not survived by your designated beneficiary, the shares will be issued to the legal representative of your estate. Any such transferee must furnish the Company with
(i) written notice of his or her status as transferee, and (ii) evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to such a transfer. 
  

	 3.
	 Termination and Certain Transactions. 

  

	 	 (a)
	 If you cease to be employed due to your death, Disability (as defined below) or Retirement (as defined below), then as of the last business day of the month
in which such termination of employment occurs, you will become immediately vested in any Restricted Stock Units that have not previously vested. In such event, all shares underlying any remaining Restricted Stock Units shall be delivered as of the
last business day of the month in which such termination of employment occurs, subject to the provisions of Section 9 below. 

	 	 a.
	 “Disability” is defined as any one or more of the following: (i) your being unable to engage in any substantial gainful activity by reason of
any medically determinable physical or mental impairment that can be expected to last for a continuous period of not less than twelve (12) months; (ii) you are, by reason of any medically determinable physical or mental impairment that can
be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under the Company's accident
and health plan covering the Company's employees; or (iii) you have been determined to be totally disabled by the Social Security Administration. 

	 	 b.
	 “Retirement” is defined as your termination of employment for a reason other than Disability or death subsequent to your having attained age 70 and
having been employed by the Company for at least 10 years. Notwithstanding the preceding sentence, a termination will not be considered a Retirement if you are terminated for “Cause” by the Company. For this

	 	 
purpose, “Cause” shall be defined as (i) embezzlement, theft or misappropriation by you of any property of any of the Company or its affiliates; (ii) your breach of any
fiduciary duty to the Company or its affiliates; (iii) your failure or refusal to comply with laws or regulations applicable to the Company or its affiliates and their businesses or the policies of the Company and its affiliates governing the
conduct of its employees or directors; (iv) your gross incompetence in the performance of your job duties; (v) commission by you of a felony or of any crime involving moral turpitude, fraud or misrepresentation; (vi) your failure to
perform duties consistent with a commercially reasonable standard of care; (vii) your failure or refusal to perform your job duties or to perform specific directives of your supervisor or designee, or the senior officers or Board of Directors
of the Company; or (viii) any gross negligence or willful misconduct by you resulting in loss to the Company or its affiliates, or damage to the reputation of the Company or its affiliates. 

  

	 4.
	 Rights as Shareholder. Except as provided by Section 11, neither you nor any person claiming under or through you will have any of the rights or
privileges of a shareholder of the Company in respect of any shares of Common Stock deliverable hereunder unless and until certificates representing such shares (which may be in book entry or other electronic form) will have been issued, recorded on
the records of the Company or its transfer agents or registrars, and delivered to you (including through electronic delivery to a brokerage account). After such issuance, recordation and delivery, you will have all the rights of a shareholder of the
Company with respect to voting such shares and receipt of dividends and distributions on such shares. 

  

	 5.
	 Deferral. If permitted by the Administrator, the issuance of the Common Stock issuable with respect to this Award may be deferred upon such terms and
conditions as determined by the Administrator, subject to the Administrator’s determination that any such right of deferral or any term thereof complies with applicable laws or regulations in effect from time to time, including but not limited
to Section 409A (as defined below). If you have elected to defer receipt of your shares of Common Stock such that this Award is subject to Section 409A, and if the Administrator, in its discretion, accelerates the vesting of the balance,
or some lesser portion of the balance, of the Restricted Stock Units subject to this Award, the payment of such accelerated portion of the Award nevertheless will be delivered to you on the same dates specified in your deferral election, except as
provided by Section 10 and subject to any six (6) month delay that may be required pursuant to Section 9. 

  

	 6.
	 Tax Withholding. The Company will withhold from the number of shares of Common Stock otherwise issuable under this Award a number of shares of Common
Stock that have an aggregate market value sufficient to satisfy the minimum statutorily required federal, state and local tax withholding obligations. Shares will be valued at their Fair Market Value when the taxable event occurs. The number of
shares of Common Stock withheld pursuant to this Section 6 will be rounded up to the nearest whole share, with no refund provided in the U.S. for any value of the shares withheld in excess of the tax obligation as a result of such rounding,
pursuant to such procedures as the Administrator may specify from time to time. 

 Notwithstanding any
contrary provision of this Agreement, no shares of Common Stock will be issued unless and until all income, employment and other taxes which the Company determines must be withheld or collected with respect to such shares have been withheld or
collected. In addition and to the maximum extent permitted by law, the Company (or the employing Parent or Subsidiary) has the right to retain without notice from salary or other amounts payable to you, cash having a sufficient value to satisfy any
tax withholding obligations that the Company determines cannot be satisfied through the withholding of otherwise deliverable shares. All income and other taxes related to the Restricted Stock Units and any shares delivered in payment of such
Restricted Stock Units are your sole responsibility. 
  

	 7.
	 Nontransferable. You may not sell, assign, pledge, encumber or otherwise transfer any interest in the Restricted Stock Units or the right to receive
dividend equivalents except as permitted by the Plan. 

  

	 8.
	 Other Restrictions. The issuance of Common Stock under this Award is subject (i) to compliance by the Company and you with all applicable legal
requirements, including tax withholding obligations, (ii) to compliance with all applicable regulations of any stock exchange on which the Common Stock may be listed at the time of issuance, (iii) to the completion of any registration or
other qualification of such shares of Common Stock under any U.S. state or federal law or under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Administrator shall, in its
absolute discretion, deem necessary or advisable, (iv) the obtaining of any

  

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approval or other clearance from any U.S. state or federal governmental agency, which the Administrator shall, in its absolute discretion, determine to be necessary or advisable, and (v) the
lapse of such reasonable period of time following the date of vesting of the Restricted Stock Units as the Administrator may establish from time to time for reasons of administrative convenience. The Company may delay the issuance of shares of
Common Stock under this Award to ensure at the time of issuance there is a registration statement for the shares in effect under the Securities Act of 1933. 

  

	 9.
	 Section 409A. Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the
balance, of the Restricted Stock Units is accelerated in connection with your Retirement or other termination of employment (provided that such termination is a “separation from service” within the meaning of Section 409A, as
determined by the Company), other than due to death, and if (x) you are a “specified employee” within the meaning of Section 409A at the time of such termination and (y) the payment of such accelerated Restricted Stock Units
will result in the imposition of additional tax under Section 409A if paid to you on or within the six (6) month period following your termination of employment, then the payment of such accelerated Restricted Stock Units otherwise payable
to you during such six (6) month period will accrue and will be paid to you on the date six (6) months and one (1) day following the date of your termination of employment, unless you die following your termination of employment, in
which case the Restricted Stock Units will be paid in shares of Common Stock to your estate as soon as practicable following your death. It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the
Restricted Stock Units provided under this Agreement or shares of Common Stock issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of
this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended
from time to time. 

  

	 10.
	 Transactions. 

  

	 	 (a)
	 General Rule for Transaction. In the event of a Transaction, if you have not elected to defer receipt of your shares of Common Stock and you are not
eligible for Retirement, the then-unvested Restricted Stock Units subject to this Award will be treated pursuant to Section 17 of the Plan, subject to the provisions of Section 9 hereof. 

  

	 	 (b)
	 Transaction Following Share Deferral or Becoming Retirement-Eligible. In the event of a Transaction that qualifies as a change in the ownership or
effective control of the Company or a change in the ownership of a substantial portion of the Company’s assets, each within the meaning of Section 409A (each, a “409A Change of Control”): 

  

	 	 (i)
	 If you have elected to defer receipt of your shares of Common Stock such that this Award is subject to Section 409A, your deferral shall cease
immediately upon the Transaction. In such event, the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable in connection with the vested portion of this Award
will be delivered to you as soon as practicable following the date on which such Transaction is consummated. 

  

	 	 (ii)
	 If you are eligible for Retirement, the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in
such Transaction) payable in connection with the vested portion of this Award will be delivered to you as soon as practicable following the date on which such Transaction is consummated, and the unvested portion of this Award shall continue to vest
on the same dates specified under the terms of this Agreement regardless of any acceleration of the vesting of such Restricted Stock Units which may occur in connection with the Transaction (other than any acceleration pursuant to Section 3
hereof). 

 In the event of a Transaction that does not qualify as a 409A Change of Control, then,
subject to Section 9, the shares of Common Stock (or the per share consideration received by a majority of the holders of such Common Stock in such Transaction) payable in connection with the vested portion of this Award will be delivered to
you on the same dates specified in your deferral election or, if you are eligible for Retirement, on the same dates specified under the terms of this Agreement, regardless of any acceleration of the vesting of such Restricted Stock Units which may
occur in connection with the Transaction. 
  

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	 11.
	 Dividend Equivalents. During the period beginning on the Award Date as indicated above and ending on the date that the Restricted Stock Unit is settled
or terminates, whichever occurs first, you will accrue cash payments based on the cash dividend that would have been paid on the Restricted Stock Unit had the Restricted Stock Unit been an issued and outstanding share of Common Stock on the record
date for the dividend. Such accrued dividends will vest and become payable upon the same terms and at the same time as the Restricted Stock Units to which they relate, including any delay in payment to which the related Restricted Stock Units may be
subject pursuant to Section 9. Dividend equivalent payments will be net of federal, state and local withholding taxes. 

  

	 12.
	 Binding Agreement. Subject to the limitation on the transferability of this Award contained herein, this Agreement will be binding upon and inure to
the benefit of the heirs, legatees, legal representatives, successors and assigns of you and the Company, as applicable. 

  

	 13.
	 Restrictions on Sale of Securities. The shares of Common Stock issued as payment for vested Restricted Stock Units under this Agreement will be
registered under U.S. federal securities laws and will be freely tradable upon receipt. However, your subsequent sale of the shares may be subject to any market blackout-period that may be imposed by the Company and must comply with the
Company’s insider trading policies, and any other applicable securities laws. 

  

	 14.
	 Electronic Delivery. The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan
or future Restricted Stock Units that may be awarded under the Plan by electronic means or request your consent to participate in the Plan by electronic means. By accepting this Award, you hereby consent to receive such documents by electronic
delivery and agree to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company. 

  

	 15.
	 Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this Agreement.

  

	 16.
	 Address for Notices. Any notice to be given to the Company under the terms of this Agreement will be addressed to the Company, in care of its Stock
Plan Administrator, at 3250 Van Ness Avenue, San Francisco, CA 94109 USA, or at such other address as the Company may hereafter designate in writing. 

  

	 17.
	 Agreement Severable. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal,
unenforceable or void, this Agreement will continue in full force and effect. 

  

	 18.
	 Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. You expressly warrant that
you are not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express written contract executed by a duly
authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the parties agree to work in good faith to revise this Agreement as necessary or advisable to comply with Section 409A or to otherwise
avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units. 

  

	 19.
	 Governing Law. This Agreement shall be governed by the laws of the State of California, without giving effect to the conflict of law principles
thereof. For purposes of litigating any dispute that arises under this Award of Restricted Stock Units or this Agreement, the parties hereby submit to and consent to the jurisdiction of the State of California, and agree that such litigation
shall be conducted in the courts of San Francisco County, California, or the federal courts for the United States for the Northern District of California, and no other courts, where this Award of Restricted Stock Units is made and/or to be
performed. 

  

	 20.
	 Additional Provisions. This Award is subject to the provisions of the Plan. Capitalized terms not defined in this Agreement are used as defined in the
Plan. If the Plan and this Agreement are inconsistent, the provisions of the Plan will govern. Interpretations of the Plan and this Agreement by the Committee are binding on you and the Company. 

  

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	 21.
	 No Employment Agreement. Neither the award to you of the Restricted Stock Units nor the delivery to you of this Agreement or any other document
relating to the Restricted Stock Units will confer on you the right to continued employment with or other service to the Company or any Parent or Subsidiary. You agree that this Agreement, the transactions contemplated hereunder and the vesting
schedule set forth herein do not constitute an express or implied promise of continued employment or service for the vesting period, for any period, or at all, and will not interfere in any way with your right or the right of the Company (or the
Parent or Subsidiary employing or retaining you) to terminate your employment or other service relationship at any time, with or without cause or notice. 

  

 5Asset Purchase Agreement

 Exhibit 10.1 
 ASSET PURCHASE AGREEMENT 
 AGREEMENT, dated as of
January 21, 2010 among Blue Flame Enterprise, Inc., a Michigan corporation (“Seller”), and National Energy Services Company, Inc., a Nevada corporation (the “Purchaser”). 
 RECITALS 
 A. Seller is the
owner of a building contract for a solar thermal project in Southern California. 
 B. Due to the going concern and inability of
the Purchaser to obtain credit or financing, the Purchaser wishes to purchase the contract to start a new line of business and create a different business model. 
 C. Purchaser desires to acquire the building contract from the Seller for the issuance of 10,000 shares of Series B Convertible Preferred Stock plus 13,000,000 common shares of the Purchaser. 

D. Purchaser will have returned from two shareholders’ 13,000,000 common shares and arranged for delivery of the shares to the
transfer agent for cancellation subject to the terms of the escrow agreement described herein. 
 NOW, THEREFORE, in
consideration of the mutual representations, warranties, covenants and agreements herein set forth, the parties hereto hereby agree as follows: 
 1. Sale of Assets. Subject to the terms and conditions of this Agreement, at the closing under this Agreement (the “Closing”), Seller shall sell, convey, assign, transfer and deliver to Purchaser, and Purchaser shall
purchase, acquire and accept from Seller all right, title, and interest in and to the following assets (the “Assets”): 
 The
assignment of a building contract dated December 29, 2009 between Seller and Environmental Technology Group to construct a solar thermal project in Southern California (the “Thermal Contract”) where there is a Power Purchase Agreement
in place with San Diego Gas and Electric Company to a subsidiary of the Purchaser. 
 It is expressly understood that Purchaser shall not
assume, pay or be liable for any liability or obligation of Seller of any kind or nature at any time existing or asserted, whether, known, unknown, fixed, contingent or otherwise, not specifically assumed herein by Purchaser. 
 2. Purchase Consideration. In consideration of the purchase and sale of the Assets, Purchaser shall pay to Seller 13,000,000 common shares and 10,000
shares of Purchaser’s Series B Convertible Preferred Stock, whose designation is attached as Exhibit 2 (collectively, the “Purchase Consideration”). The Purchaser shall retrieve and cancel from the management of the Purchaser
13,000,000 common shares and submit them to the transfer agent for immediate cancellation. All consideration will be paid at the Closing. 
 The
Purchaser will cause current Board Member John T O’Neill to accept $400,000 in a convertible debenture at 0% interest as the total amount of the obligations after a payment of $57,000. The remaining obligation is convertible into shares of
common stock as evidenced by the terms and conditions enumerated in the corporate resolutions approving this transaction. The remaining debt may be sold for a deminimis value or cancelled by John T O’Neill at the direction of the Seller.

 3. Closing.
 3.1 Place and Time. The Closing shall take place at the offices of the Seller at 5:00 p.m. on January 21, 2010 (the “Closing Date”). 
 3.2 Deliveries by Seller. At the Closing, Seller shall deliver the following to the Purchaser: 
 (a) an assignment of all of the Seller’s interest in the Thermal Contract, together with a consent to the assignment by Environmental Technology
Group. 
 (b) this Agreement plus the Escrow Agreement annexed hereto as Exhibit 3-a. 
 (c) All other documents, certificates, instruments or writings reasonably required by Purchaser to be delivered by Seller at or prior to the Closing
pursuant to this Agreement. 
 3.3 Deliveries by Purchaser. At the Closing, Purchaser shall deliver to Seller this Agreement and the
Escrow Agreement. Immediately after the Closing, Purchaser shall cause the debenture described in Section 2 to be signed by the new management of the Purchaser and delivered to Charter Management. Promptly after the Closing, Purchaser shall
deliver to the Escrow Agent identified in the Escrow Agreement the Purchase Consideration to be held pursuant to the Escrow Agreement. 
 3.4 Proceedings. All proceedings which shall be taken and all documents which shall be executed and delivered by the parties on the Closing Date shall be deemed to have been taken and executed simultaneously, and no proceeding
shall be deemed taken nor any documents executed or delivered until all have been taken, executed and delivered. 
 3.5 Conditions to
Purchaser’s Obligations. The obligations of Purchaser to effect the Closing shall be subject to the satisfaction at or prior to the Closing of the following conditions, any one or more of which may be waived by Purchaser: 
 (a) There shall not be in effect any injunction, order or decree of a court of competent jurisdiction that prohibits or delays consummation of any or
all of the transactions contemplated in this Agreement nor shall any proceeding seeking any of the foregoing have been commenced. 
 (b) The representations and warranties of Seller set forth in this Agreement shall be true and correct in all material respects as of the date of this Agreement and as of the Closing Date as though made at such time. 
 (c) Seller shall have performed and complied in all material respects with the agreements contained in this Agreement required to be performed and
complied with by it prior to or at the Closing. 
 3.6 Conditions to Seller’s Obligations. The obligations of Seller to effect
the Closing shall be subject to the satisfaction at or prior to the Closing of the following conditions, any one or more of which may be waived by Seller: 
 (a) There shall not be in effect any injunction, order or decree of a court of competent jurisdiction that prohibits or delays the consummation of any or all of the transactions contemplated herein
nor shall any proceeding seeking any of the foregoing have been commenced. 
  

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 (b) The representations and warranties of the Purchaser set forth in this Agreement shall be true and
correct in all material respects as of the date of this Agreement and as of the Closing Date as though made at such time. 
 (c) The
Purchaser shall have performed and complied in all material respects with the agreements contained in this Agreement required to be performed and complied with by it prior to or at the Closing. 
 (d) The Seller shall have delivered to Purchaser a true copy of the Thermal Contract, a true copy of the Power Purchase Agreement, and all other documents
or information reasonably requested by the Purchaser. 
 4. Representations and Warranties of Seller. Seller hereby represents and
warrants to Purchaser as follows: 
 4.1 No Conflicts. 
 (a) Seller has the right, power, authority and capacity to execute and deliver this Agreement and to perform its obligations under this
Agreement. 
 (b) Neither the execution, delivery or performance of this Agreement by Seller nor the consummation by Seller
of the transactions contemplated hereby will, directly or indirectly (with or without notice or lapse of time or both): 
 (i)
contravene, conflict with or result in a violation or breach of (A) any legal requirement or any governmental order to which Seller or any of the properties or assets owned or used by Seller may be subject, or (B) any authorization,
license or permit of any governmental authority, including any private investigatory license or other similar license, which is held by Seller or that otherwise relates to the business of, or any of the assets owned or used by Seller; or 

(ii) result in a violation or breach of or constitute a default, give rise to a right of termination, cancellation or acceleration,
create any entitlement to any payment or benefit or require the consent or approval of or any notice to or filing with any third party under any contract to which Seller is a party or to which his or his properties or assets may be bound, or require
the consent or approval of or any notice to or filing with any governmental authority to which the Seller or his properties or assets may be subject; or 
 (c) The Thermal Contract and the Power Purchase Agreement are in full force and effect, and no party to either agreement has defaulted in any of its obligations thereunder. 
 4.2 Compliance with Law; Governmental Authorizations. To the best of Seller’s knowledge, Seller is in compliance with all federal, state
and local laws, authorizations, licenses and permits of any governmental authority and all governmental orders affecting the properties and assets of Seller, including federal, state and local: (i) Occupational Safety and Health Laws;
(ii) private investigatory and other similar laws; (iii) the Fair Credit Reporting Act and similar

  

 3 

 
state and local laws; and (iv) laws regarding or relating to trespass or violation of privacy rights. Seller has not been charged with violating, nor to the knowledge of Seller, threatened
with a charge of violating, nor, to the knowledge of Seller, is Seller under investigation with respect to a possible violation of any provision of any federal, state or local law relating to any of, properties or assets. 
 4.3 Effect of Agreement. This Agreement has been duly executed and delivered by Seller and constitutes, and such other agreements and
instruments to be executed by Seller pursuant hereto, when so duly executed and delivered, will constitute, legal, valid and binding obligations of Seller, enforceable in accordance with their respective terms, except as such enforcement may be
limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws relating to or affecting the rights of creditors generally and by general equity principles (regardless of whether such enforcement is considered in a
proceeding in equity or at law). 
 4.4 Title to Assets. After giving effect to the transactions contemplated by this Agreement,
Purchaser will have good and valid title to all of the Assets, free and clear of all, liens, encumbrances, restrictions, security interests, mortgages, and claims (including any related to duty or customs), except with respect to any of the
foregoing which may be incurred by Purchaser. 
 4.5 Broker’s Fees. Seller has not employed any broker or finder or incurred any
liability for any broker’s or finder’s fees or commissions in connection with this Agreement or the transactions contemplated herein. 
 4.6 Disclosure. No representation or warranty by Seller in this Agreement, nor in any certificate, schedule or exhibit delivered or to be delivered pursuant to this Agreement contains or will contain any untrue statement of
material fact, or omits or will omit to state a material fact necessary to make the statements herein or therein, in light of the circumstances under which they were made, not misleading. 
 5. Representations and Warranties of Purchaser. Purchaser hereby represents and warrants to Seller as follows: 
 5.1 Effect of Agreement. This Agreement has been duly executed and delivered by Purchaser and constitutes, and each other agreement, document or
instrument to be executed by Purchaser pursuant hereto, when so duly executed and delivered, will constitute, legal, valid and binding obligations of Purchaser, enforceable against Purchaser in accordance with their terms, except as such enforcement
may be limited by bankruptcy, insolvency, reorganization, receivership, moratorium or other similar laws relating to or affecting the rights of creditors generally and by general equity principles (regardless of whether such enforcement is
considered in a proceeding in equity or at law). 
 5.2 Knowledge. Purchaser have not relied on any representations or warranties of any
Seller or any agent of any Seller, whether implied or otherwise, other than those expressly made by Seller in this Agreement, in making its determination to enter into and consummate this Agreement. 
 5.3 Broker’s Fees. Purchaser have not employed any broker or finder or incurred any liability for any broker’s or finder’s fees or
commissions in connection with this Agreement or the transactions contemplated herein. 
  

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 6. Pre-Closing Covenants. 
 6.1 Compliance with Conditions. The parties hereto shall use their best efforts to cause the Closing to be consummated and to cause the execution and delivery of the documents referred to in
Section 3 hereof and to bring about the satisfaction of the conditions to the obligations of the parties hereto set forth in Section 3, herein. 
 6.2 Update of Exhibits. From and after the date hereof and up to the Closing Date, the parties hereto shall update the exhibits to this Agreement to the extent necessary to make such exhibits
true and accurate as of the Closing Date and shall deliver copies of such updated exhibits to Purchaser or Seller, as the case may be, immediately upon their preparation. 
 6.3 Consents. From and after the date hereof, the parties hereto shall use their best efforts to obtain all of the certificates, authorizations, consents or approvals required as set forth in
Section 3 hereof. Evidence of such certificates, authorizations, consents or approvals shall be delivered to Purchaser or Seller, as the case may be, on or prior to the Closing. 
 6.4 Business Practices. From and after the date hereof and up to the Closing Date, Seller shall continue to run the business of Seller in a manner consistent with past business practices
including the satisfaction of all of its then current obligations. 
 6.5 Public Announcement. Within five days of the Closing, Seller
shall issue a press release advising that the Company has changed its address and web site. Any additional items in the release will be mutually agreed. 
 7. Indemnifications by Seller and Purchaser. 
 7.1 Indemnification by
Seller. Seller shall indemnify and hold harmless Purchaser and shall reimburse Purchaser for any loss, liability, claim, damage, expense (including, without limitation, costs of investigation and defense and reasonable attorney’s fees) or
diminution of value (collectively, “Damages”) arising from or in connection with: 
 (a) any inaccuracy in any of the
representations and warranties of Seller in this Agreement or in any certificate delivered by Seller pursuant to this Agreement, or any actions, omissions or state of facts inconsistent with any such representation or warranty (for purposes of this
clause (a), each schedule and exhibit to this Agreement shall be deemed a representation and warranty); 
 (b) any failure by Seller to
perform or comply with any agreement made by it under this Agreement; 
 (c) any operations or business conducted, commitment made, service
rendered or condition existing or any action taken or omitted by or on behalf of Seller, except for any claims for which Purchaser is required to indemnify Seller pursuant to Section 7.2 herein; 
 (d) any claim by any person for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding alleged to
have been made by any such person with Seller (or any person acting on its behalf) in connection with any of the transactions contemplated herein; and 
 (e) Seller’s failure to comply with the “Bulk Sales Laws” under the Uniform Commercial Code; 
  

 5 

 provided, however, that (i) Seller shall have no obligation to indemnify Purchaser for
Damages until the aggregate Damages exceed $20,000 and, in such event, for the full amount of such Damages, (ii) Seller’ aggregate liability for Damages shall in no event exceed the Purchase Consideration, and (iii) Seller shall have
no obligation to indemnify Purchaser for any claims made by Purchaser under this Section 7.1 after twenty four (24) months after the Closing Date. 
 7.2 Indemnification by Purchaser. Purchaser shall indemnify and hold harmless Seller, and shall reimburse Seller for any Damages arising from or in connection with: 
 (a) any inaccuracy in any of the representations and warranties of Purchaser in this Agreement or in any certificate delivered by Purchaser pursuant to
this Agreement, or any actions, omissions or state of facts inconsistent with any such representation or warranty (for purposes of this clause (a), each schedule and exhibit to this Agreement shall be deemed a representation and warranty);

 (b) any failure by Purchaser to perform or comply with any agreement made by it under this Agreement; 
 (c) any claim by any person for brokerage or finder’s fees or commissions or similar payments based upon any agreement or understanding alleged to
have been made by such person with Purchaser (or any person acting on its behalf, regardless of whether such person purported to act on behalf of Seller) in connection with any of the transactions contemplated in this Agreement; and 
 (d) obligations with respect to any product liability associated with the Equipment for the period after the Closing Date; 
 provided, however, that (i) Purchaser shall have no obligation to indemnify Seller for Damages until the aggregate Damages exceed $20,000
and, in such event, for the full amount of such Damages, (ii) Purchaser’ aggregate liability for Damages shall in no event exceed the Purchase consideration, and (iii) Purchaser shall have no obligation to indemnify Seller for any
claims made by any Seller under this Section 7.2 after twenty four (24) months after the Closing Date. 
 7.3 Procedure for
Indemnification. Promptly after receipt by an indemnified party under Section 7.1 or 7.2 hereof of notice of the commencement of any action or assertion of any claim, such indemnified party shall, if a claim in respect thereof is to be made
against an indemnifying party under such Section, give notice to the indemnifying party of the commencement or assertion thereof, but the failure so to notify the indemnifying party shall not relieve it of any liability that it may have to any
indemnified party except to the extent the indemnifying party demonstrates that the defense of such action is materially prejudiced thereby. If any such action shall be brought against an indemnified party and it shall give notice to the
indemnifying party of the commencement thereof, the indemnifying party shall be entitled to participate therein and, to the extent that it shall wish, to assume the defense thereof with counsel satisfactory to such indemnified party and, after
notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnifying party shall not be liable to such indemnified party under such Section for any fees of other counsel or any other
expenses, in each case subsequently incurred by such indemnified party in connection with the defense thereof, other than reasonable costs of investigation. If an indemnifying party assumes the defense of such an action: 
 (a) no compromise or settlement thereof may be effected by the indemnifying party without the indemnified party’s consent which shall not be
unreasonably withheld unless (i) there is no finding or admission of any violation of law or any violation of the rights of any person and no effect on any other claims that may be made against the indemnified party and (ii) the sole
relief provided is monetary damages that are paid in full by the indemnifying party; and 
  

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 (b) the indemnifying party shall have no liability with respect to any compromise or settlement thereof
effected without its consent. If notice is given to an indemnifying party of the commencement of any action and it does not, within ten (10) business days after the indemnified party’s notice is given, give notice to the indemnified party
of its election to assume the defense thereof, the indemnifying party shall be bound by any determination made in such action or any compromise or settlement thereof effected by the indemnified party. Notwithstanding the foregoing, if an indemnified
party determines in good faith that there is a reasonable probability that an action may materially and adversely affect it or its affiliates other than as a result of monetary damages, such indemnified party may, by notice to the indemnifying
party, assume the exclusive right to defend, compromise or settle such action at its cost or expense, but the indemnifying party shall not be bound by any determination of an action so defended or any compromise or settlement thereof effected
without its consent (which shall not be unreasonably withheld). 
 8. Miscellaneous. 
 8.1 Bulk Sales Laws: The parties hereto hereby agree to waive compliance with “Bulk Sales Laws” under the Uniform Commercial Code and
the related notice provisions thereof. 
 8.2 Survival. All representations, warranties and agreements contained in this Agreement
or in any certificate delivered pursuant to this Agreement shall survive eighteen (18) months after Closing. 
 8.3 Waivers and
Amendments. 
 (a) This Agreement may be amended, modified or supplemented only by a written instrument executed by the parties hereto.
The provisions of this Agreement may be waived only by an instrument in writing executed by the party granting the waiver. No action taken pursuant to this Agreement, including without limitation, any investigation by or on behalf of any party,
shall be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein. The waiver by any party hereto of a breach of any provision of this Agreement shall not
operate or be construed as a further or continuing waiver of such breach or as a waiver of any other or subsequent breach. 
 (b) No
failure on the part of any party to exercise, and no delay in exercising any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of such right, power or remedy by such party preclude any other
or further exercise thereof or the exercise of any other right, power or remedy. All remedies hereunder are cumulative and are not exclusive of any other remedies provided by law. 
 8.4 Fees and Expenses. Each party shall be responsible for its respective fees and expenses incurred in connection with this transaction. 
 8.5 Notices. All notices, requests, demands and other communications that are required or may be given under this Agreement shall be in writing
and shall be deemed to have been duly

  

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given or made: if by hand, immediately upon delivery; if by telex, telecopier, telegram or similar electronic device, immediately upon sending, provided it is sent on a business day, but if not,
then immediately upon the beginning of the first business day after being sent; if by Federal Express, Express Mail or any other overnight delivery service, on the first business day after dispatch; if by registered or certified mail, return receipt
requested, upon receipt by the addressee. All notices, requests and demands are to be given or made to the parties at the following addresses (or to such other address as either party may designate by notice in accordance with the provisions of this
paragraph): 
 To Seller: 
 Blue Flame Enterprise, Inc. 
 7124 Brandywine Way 
 Columbia, MD 21046 
 To Purchaser: 
 National Energy Services Company, Inc. 
 3153 Fire Rd, Ste 2C 
 Egg Harbor TWP, NJ 08234 
 With a copy to: 
 Robert Brantl, Esq. 
 52 Mulligan Lane 
 Irvington, NY 10533 
 Fax Number: 914-693-1807 
 8.6 Entire Agreement. This Agreement and the schedules and
exhibits hereto set forth the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersede any prior negotiations, agreements, letters of intent, understandings or arrangements between the
parties hereto with respect to the subject matter hereof. 
 8.7 Binding Effect, Benefits, Construction. This Agreement shall inure
to the benefit of and be binding upon the parties hereto and their respective successors. Nothing in this Agreement, expressed or implied, is intended to confer on any person other than the parties hereto, or their respective successors, any rights,
remedies, obligations or liabilities under or by reason of this Agreement. 
 8.8 Non-Assignability. This Agreement and any rights
pursuant hereto shall not be assignable by any party hereto without the prior written consent of the other party. 
 8.9 Applicable Law,
Venue, Jurisdiction. All questions concerning the construction, validity, enforcement and interpretation of the Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State of New Jersey, without
regard to the principles of conflicts of law thereof. Each party agrees that all legal proceedings concerning the interpretations, enforcement and defense of the transactions contemplated by this Agreement (whether brought against a party hereto or
its respective affiliates, directors, officers, shareholders, employees or agents) shall be commenced exclusively in the state and federal courts sitting in the City of Atlantic City, NJ Each party hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the Atlantic City, NJ, for the adjudication of

  

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any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or
proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of
process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it
under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law. The
parties hereby waive all rights to a trial by jury. If either party shall commence an action or proceeding to enforce any provisions of the Agreement, then the prevailing party in such action or proceeding shall be reimbursed by the other party for
its attorneys’ fees and other costs and expenses incurred with the investigation, preparation and prosecution of such action or proceeding 
 8.11 Section and Other Headings. The section and other headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement. 
 8.12 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, Purchaser and Seller have caused this Agreement to be
signed by their duly authorized respective officers all as of the date first written above. 
  

							
	 SELLER:
	 		 		 	Blue Flame Enterprises, Inc., a Michigan Corporation
				
		 		 		 	 /s/ Norman J Birmingham

		 		 		 	Norman J Birmingham, President
				
	 PURCHASER:
	 		 		 	
		 		 	By:	 	National Energy Services Company, Inc., a Nevada Corporation
				
		 		 		 	 /s/ John T. O’Neill

		 		 		 	John T. O’Neill, CEO

  

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 Exhibit 2 Designation of Purchasers Series B Convertible Preferred Stock 
 Exhibit 3 Escrow Agreement

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