Document:

ex10_22.htm

     

     

    AGREEMENT

    

     

    This
Agreement ("Agreement") dated
January                                                                                 20,          2009                 is
made and entered into

    between
Best Energy Services, Inc., a Nevada corporation with offices at 1010 Lamar,
Suite 1200 Houston, Texas 77002 ("BES" or the "Company"), and Larry W. Hargrave
("Hargrave") as follows:

     

    WITNESSTH:

    

     

    WHEREAS,
Hargrave was employed by BES as its Chairman, President and Chief

     

    Executive
Officer pursuant to an Employment Agreement dated March 5, 2008
(the

     

    "Employment
Agreement") , a copy of which is attached hereto as Exhibit A;
and

     

    WHEREAS,
Hargrave's employment with BES terminated effective October 13,
2008;

     

    and

     

    WHEREAS,
Hargrave and BES (hereinafter together referred to as the "Parties") desire to
set forth the terms relating to the separation payment to be made to Hargrave
pursuant to Section 6 of the Employment Agreement as a result of the termination
of Hargrave's employment; and

     

    WHEREAS,
in furtherance of such agreement, the Parties have agreed to the terms and
conditions of this Agreement as set forth below;

     

    Therefore,
as material considerations and inducements to the execution and delivery of this
Agreement and in consideration of the mutual promises set forth herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby contract, covenant, and agree as
follows:

     

    1.           Capitalized
Terms. Unless otherwise defined herein, capitalized terms used in

     

    this
Agreement shall have the meaning set forth in the Employment
Agreement.

    

     

    2.           Termination.
Effective as of October 13, 2008 (hereinafter referred to as the

     

    "Termination
Date"), Hargrave's status as an employee and officer of BES ceased in its
entirety.

    

     

    3.            Consideration.
Hargrave shall be paid the following:

     

    (a)            Cash Pam. Hargrave
has been paid the amount of $25,000, which

     

    equals
two (2) months pay at his current Base Salary.

    

     

    (b)            Common Stock.
Hargrave will be issued 75,000 shares of the Company's

     

    common
stock, par
value                                                        $0.001                  per
share                       ("Common
Stock"), in three equal

     

    installments
of
25,000                                          shares
each with the first such installment to be issued on

     

    January
20,
2009                                          and
the second and third such installments to be issued on

     

    January
31, 2009 and February 28, 2009, respectively

    

     

    (c)           Medical Insurance.
Subject to the terms of the Company's medical

     

    insurance
plan in effect as of the date hereof, BES will pay for Hargrave to
remain

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

     

    covered
under the Company's current medical insurance plan (at current levels of
coverage) through April 30, 2009.

    

     

    (d)           Reimbursement of ARH
Receivables. BES has collected certain accounts

     

    receivable
of American Rig Housing, Inc , a Texas corporation ("ARH"), arising prior
to

     

    February
28, 2008 (the "Receivables"). The Company agrees to pay such
collected

     

    Receivables
to Hargrave in cash by corporate check in accordance with the terms of
this

     

    Section
3(d). The payment to be made pursuant to this Section 3(d) shall be made
from

     

    and after
the later of (i) the date that all funds are released from the account
established

     

    pursuant
to that certain Escrow Agreement dated February 14, 2008 by and among
the

     

    Company,
Tony Bruce and JP Morgan Chase Bank, N.A. and (ii) the date that
the

     

    Company
and Hargrave agree upon the amount of the Receivables collected by
the

     

    Company.

    

     

    (e)            Reimbursement of Business
Expenses. BES will reimburse Hargrave for

     

    verified
out-of-pocket expenses incurred by Hargrave in the performance of his
duties

     

    under the
Employment Agreement.

     

    (f)           Deferred
Compensation. The Company has previously agreed to pay

     

    Hargrave
a total
of                                      $      1,000,000                                                               in
deferred compensation(the "Deferred

     

    Compensation")
and currently
owes                                                                             $850,000                   of
the Deferred Compensation to

    Hargrave.
The Deferred Compensation shall be payable as follows: (i) upon
execution

    and
delivery of this Agreement, the Company shall issue a total of 600,000 shares
of

    Common
Stock valued at $0.50 per share to Hargrave; (ii) beginning on January 15,
2009

    and
continuing through and including April 15, 2009, the Company shall pay
Hargrave

    $15,000
per month on the 15th day of each month; and (iii) beginning on May 15,
2009,

     

    the
Company shall pay Hargrave $10,000 per month for a period of 49 months.
All

    amounts
paid pursuant to this Section 3(f) shall represent full and final payment of the
Deferred Compensation. Notwithstanding anything to the contrary set forth in
this Agreement, if the Board of Directors of the Company reasonably determines
that the Company does not have sufficient cash to pay any amounts pursuant to
this Section 3(f) or if the payment of such amounts would cause a default under
any agreement to which the
Company is a party, then the Company may postpone the payment of any such
amount until the cause of such non-payment has been
resolved.

    

     

    (g)           Taxes and
Withholding. All payments made to Hargrave under this

     

    Agreement
shall be less applicable tax withholding and payroll deductions.

     

    The
payments delivered pursuant to Paragraphs (a) through (g) above are referred to
as

     

    the
"Consideration." BES is not obligated to pay any of the Consideration if
Hargrave revokes

     

    or
breaches this Agreement. Hargrave acknowledges the sufficiency of the
Consideration as

     

    consideration
to him for executing this Agreement and agreeing to be bound by its
terms.

     

    Additionally,
Hargrave acknowledges and agrees that upon payment of the

     

    Consideration,
he will have been paid all moneys owed to him pursuant to the
Employment

     

    Agreement.

    

     

    4.           Release.

    

     

    2

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    (a)            Release
and Assignment
of All Claims by
Hargrave. In consideration of

     

    BES's
agreement to provide the Consideration described in
Paragraph                                                                                                                               3           of
this

    Agreement,
Hargrave, his spouse, heirs, executors, trustees, assigns, and attorneys, if
any

    (collectively,
the "Releasors"), hereby release and forever discharge BES and all of
its

    past,
present and future officers, directors, stockholders, partners, representatives,
board

    members,
subsidiaries, parent companies, related entities, insurance carriers,
agents,

    servants,
employees, successors, assigns, heirs, legatees, and attorneys, in their
individual

    and
official capacities (the "Released Parties"), from any and all claims, causes
of

     

    action,
lawsuits, proceedings, damages, interests, benefits, and all other demands of
any kind or character whatsoever, in law or in equity, in any way directly or
indirectly related to or connected with his employment or separation therefrom
with the Released Parties. This Release includes, without limitation, the
following:

     

    (i)            Claims
related to Hargrave's employment and/or the termination of

     

    his
employment including, without limitation, any allegation of a violation of
any

     

    employment,
bonus, or other compensation agreement with BES, including, without limitation,
the Employment Agreement;

     

    (ii)            Claims
that could have been asserted in any Charge of

     

    Discrimination
filed by Hargrave with the Equal Employment Opportunity

     

    Commission
and/or the Texas Workforce Commission--Civil Rights Division;

     

    (iii)            Claims
arising under state or federal constitution or state or federal

     

    statute
(including, without limitation, all tort claims), city ordinance, or
public

     

    policy,
including, without limitation, the Securities Exchange Act of 1934,
as

     

    amended,
the Employee Retirement Income Security Act of 1974, 29 U.S.C.

     

    § 1001 et
seq. and claims involving employment discrimination, harassment,

     

    and/or
retaliation of any form (including, without limitation, claims under the
Age

     

    Discrimination
in Employment Act of 1967, 29 U.S.C. §621 et seq., Title VII of

     

    the Civil
Rights Act of 1964 as amended, 42
U.S.C.                                                                                              §2000e
et seq., the Civil

     

    Rights
Act of 1870, 42
U.S.C.                                                               §1981,
the Americans with Disabilities Act of

     

    1990, 42
U.S.C.
§12101                                                    et
seq., the Family and Medical Leave Act of 1993, 29

     

    U.S.C.
§2601 et seq., the Equal Pay Act, 29 U.S.C. §206, the Texas Commission on Human
Rights Act, Tex. Lab. Code Ann. §21.001 et seq., and/or the Texas Workers'
Compensation Act, Tex. Lab. Code §451.001 et seq.);

     

    (iv)            Claims
arising under state or federal contract, tort, or common law,

     

    including,
without limitation, any claim of breach of contract, promissory

     

    estoppel,
detrimental reliance, wrongful discharge, false imprisonment,
assault,

     

    battery,
intentional infliction of emotional distress, defamation, slander,
libel,

     

    fraud,
invasion of privacy, breach of the covenant of good faith and fair
dealing,

     

    breach of
fiduciary duty, conversion, and tortious interference with any type
of

     

    third-party
relationship, as well as any and all damages that may arise out of
any

     

    such
claims, including, without limitation, claims for economic loss, lost
profits,

     

    loss of
capital, lost wages, lost earning capacity, emotional distress,
mental

     

    anguish,
personal injuries, punitive damages, or any future damages;

    

    

    

     

    3

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    (v)            Claims
of retaliation of any nature, including, but not limited to,

    the
anti-retaliatory provisions of the statues identified in Paragraph 4(a)(iii) of
this Agreement; and

     

    (vi)            CLAIMS
OF NEGLIGENCE OF ANY KIND INCLUDING,

     

    WITHOUT
LIMITATION, GROSS NEGLIGENCE AGAINST BES BASED

     

    UPON THE
ACTION OR INACTION OF BES.

     

    The
claims described in
Paragraph                                                                                 4
(a)(i)
through                                    (vi)
are hereinafter collectively

     

    referred
to as the "Claims." This Agreement may be pleaded as, and shall constitute,
an

     

    absolute
and final bar to any and all lawsuits or administrative claims now pending,
or

     

    that may
hereafter be filed or prosecuted by Releasors against the Released Parties
that

     

    arose out
of or in connection with any of the Claims. Additionally, Hargrave agrees
that

     

    at no
time subsequent to the execution of this Agreement will he permit the filing
or

     

    maintenance,
in any state, federal, or foreign court, or before any local, state, federal,
or

     

    foreign
administrative agency, or any other tribunal, of any charge, claim, or action
of

     

    any kind
arising out of or in any way related to any of the Claims. Finally, it is
the

     

    intention
of the Parties that this Agreement shall be construed as broadly and
all-

     

    encompassing
as permitted by law and that, notwithstanding such intention, if it is
found

     

    that any
claim of any kind has not been released, Hargrave agrees that any such claim
is

     

    hereby
assigned to BES. Nothing in this Agreement shall be construed to affect
the

     

    rights
and responsibilities of the Equal Employment Opportunity Commission
(the

     

    "Commission"),
the National Labor Relations
Board                                                                                                          (the
"NLRB"), or any other

    federal,
state or local agency with similar responsibilities to enforce any laws
pertaining to employment discrimination or retaliation, or union activity or
participation. Likewise, this waiver will not be used to justify interfering
with the protected right of any employee to file a charge or participate in an
investigation or proceeding conducted by the Commission, the NLRB or any similar
agency; however, Hargrave waives the right to any benefits or recovery arising
out of any such proceeding.

     

    (b)           Limited Release by
BES. In consideration of the payments made to

     

    Hargrave
pursuant to this Agreement and the Release and Assignment of all Claims
by

     

    Hargrave
pursuant to Paragraph 4, BES, its past, present and future officers, directors,
stockholders, partners, representatives, board members, subsidiaries, parent
companies, related entities, insurance carriers, agents, servants, employees,
successors, assigns, heirs, legatees, and attorneys, hereby release Hargrave and
forever discharge him from any and all claims or causes of action which it or
any of them may have against him arising out of or relating in any manner
whatsoever to his employment with BES, except for breaches of fiduciary duty,
violations of securities laws or fraud.

    

     

    5.           Director.
Hargrave is currently a member of the Board of Directors of BES
with

     

    a term of
office expiring at the Company's annual meeting of stockholders in 2009.
Hargrave

     

    shall
remain as a director of BES until the expiration of his term of
office.

     

    6.           No
Future Employment. Hargrave agrees that BES has no obligation,

     

    contractual
or otherwise, to employ Hargrave as an employee of BES in the future.
Hargrave

     

    hereby
waives any right to future employment as an employee of BES.

    

    

     

    4

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    7.           Stock
Options. Hargrave has previously been granted the following options
to

     

    purchase
shares of the Company's common stock:

    

     

    Exercise

     

    Number
of                            Price                                                     Expiration

     

    Options                       Per
Share                        Date of
Grant                                     Date                                Vesting

     

    300,000                        $0.16                      March
5,
2008                               March
5,
2013                                     Immediate

     

    300,000                        $0.50                      March
5,
2008                               March
5,
2013                                       December
31, 2008

    

    

     

    All of
such options shall remain in full force and effect in accordance with their
respective terms.

     

    S.           No
Admission of Wrongdoing. Both Parties acknowledge and agree that
this

     

    Agreement
shall not be construed as an admission by the other of any act of
wrongdoing,

     

    liability,
or responsibility for any wrongdoing of any kind.

     

    9.           Taxation
Consequences and Indemnity. Hargrave acknowledges and agrees

     

    that BES
has made no representations to him regarding the taxation of any portion of
the

     

    Consideration.
Hargrave also understands that he is solely responsible for the payment of
all

     

    taxes, if
any, related to the Consideration and that BES has no duty to defend him against
any

     

    such
claims. Finally, Hargrave understands and agrees that he shall fully indemnify
BES for any

     

    claims
brought by taxing authorities against BES seeking payment of taxes, penalties,
and/or

     

    interest
related in any way to the assessment, determination, and/or reporting of taxes
under

     

    federal,
state, and/or local law. This agreement to indemnify BES includes the agreement
to pay

     

    all
attorneys' fees and other costs that BES may reasonably incur in the defense of
such claims;

     

    additionally,
the choice of counsel to represent BES in any such proceedings to which
this

     

    agreement
to indemnify applies shall at all times rest within the sole discretion of BES.
Finally,

     

    Hargrave
agrees that, if requested by BES at any time following his execution of this
Agreement,

     

    he shall
complete, execute, and deliver to BES a Form W-4 and/or Form W-9 providing
such

     

    information
as may be necessary for any party issuing the appropriate Internal Revenue
Service

     

    form
related to the Consideration.

     

    10.           Entire
Agreement. Hargrave acknowledges and agrees that, except as
expressly

     

    set forth
herein, no representations of any kind or character have been made by or on
behalf of

     

    BES to
induce his execution of this document and that this Agreement constitutes the
complete

     

    understanding
and agreement between him and BES. Hargrave also acknowledges and
agrees

     

    that this
Agreement supersedes any and all prior agreements, promises, or
inducements

     

    concerning
the subject matter of this Agreement. By executing and delivering this
Agreement,

     

    Hargrave
expressly disclaims any reliance on any representations, promises, or other
statements

     

    by BES,
except to the extent such representations, promises, or other statements are
expressly

     

    contained
in this Agreement.

     

    11.           Confidentiality.
Hargrave agrees to maintain the confidentiality of the terms,

     

    contents
and conditions of this Agreement and shall not further disclose or discuss
the

     

    Agreement
except to governmental officials; as required by law; to tax advisors; and for
other

     

    good
cause after notice to BES and written approval by its Chairman of the Board.
Hargrave

    

    

    

     

    5

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

     

    shall
instruct his tax advisors as to the terms of this Paragraph and shall insist
upon their compliance with the terms of this Paragraph.

     

    12.           Property
and Confidential Information. Hargrave represents and warrants that

     

    he has
returned any and all property, information or documents including, but not
limited to, any

     

    and all
confidential information belonging to BES, including any originals, copies or
summaries currently in Hargrave's possession, custody or control.

     

    13.           Default
and Notice. In the event that BES fails to make any payment due
under

     

    the
provisions of this Agreement, Hargrave shall give written notice of such failure
to BES, and

     

    BES shall
have a period of fifteen (15) business days from receipt of such notice in which
to cure such default. For purposes of this Paragraph 13, all notices to BES for
failure to make any payment due under this Agreement shall be in writing and
either hand delivered or sent by Certified Mail, Return Receipt Requested, to
Steven R. Jacobs, Jackson Walker L.L.P., 112 East Pecan Street, Suite 2400, San
Antonio, Texas 78205.

     

    14.           No
Presumption Against Interest. This Agreement has been jointly
negotiated,

     

    drafted,
and reviewed by Hargrave and BES and, therefore, no provision arising directly
or

     

    indirectly
herefrom may be construed against any Party as being drafted by that
Party.

     

    15.           Waiver.
No waiver of any of the terms of this Agreement shall be valid unless
in

     

    writing
and signed by all Parties to this Agreement. The waiver by any party hereto of
any

     

    provision
of this Agreement shall not operate or be construed as a waiver of any
subsequent

    breach by
any party, nor shall any waiver operate or be construed as a rescission of this
Agreement.

     

    16.           Severability.
The Parties agree that should any part of this Agreement be

     

    declared
or determined by a court of competent jurisdiction to be illegal, invalid,
or

     

    unenforceable,
the Parties intend that the legality, validity, and enforceability of the
remaining parts shall not be affected thereby, and said illegal, invalid or
unenforceable part shall be deemed not to be a part of this Agreement. However,
the Parties have carefully read and understand the provisions herein and agree
that all aspects of this Agreement are reasonable.

    

     

    17.           Captions.                     The
captions contained in this Agreement are intended for

     

    convenience
only and should not be considered in interpreting the terms of this
Agreement.

    

     

    18.           Understanding
of
Agreement.                                                         By
signing this Agreement, Hargrave

     

    acknowledges
that he has fully and carefully read this Agreement, that he fully understands
and

     

    agrees to
its contents and effects, and that he is entering into this Agreement of his own
free will

     

    and
accord. Hargrave further agrees and acknowledges that:

    

     

    •           He
has read and considered the terms of this Agreement, including the
Release

     

    and
Assignment of All Claims set forth in Paragraph 4;

     

    •           He
understands and agrees to such terms of his own free will and
accord;

     

    •           He
has had an opportunity to consult with an attorney prior to executing
this

     

    Agreement,
and he is hereby advised in writing to consult with counsel of his choice prior
to executing and delivering this Agreement;

    

     

    6

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    •           The
Release and Assignment of all Claims set forth in Paragraph 4
specifically

     

    refers to
rights and/or claims that may arise under the Age Discrimination in

     

    Employment
Act, 29
U.S.C.                                                           §§        621           et
seq., and any similar state or local

     

    protective
statute;

     

    •           Through
this Agreement, he is releasing BES, along with the other parties
named

     

    above as
the "Released Parties," from any and all claims that he has or may
have

     

    against
them;

     

    •           He
has been given at least twenty-one (21) days to consider this Agreement
(but

     

    remains
free to execute this Agreement before the expiration of the
twenty-one

     

    (21)
days);

     

    •           For
a seven (7) day period following his execution of this Agreement, he
may

     

    revoke
it, and it will not become effective or enforceable until the expiration of the
seven (7) day period; and

    

     

    •           His
revocation, if any, must be in writing and sent to Steven R. Jacobs,
Jackson

     

    Walker
L.L.P., 112 East Pecan Street, Suite 2400, San Antonio, Texas 78205, on or
before the expiration of the seventh day after this Agreement is executed by
Hargrave via facsimile at (210) 978-7790 or hand delivery at the address above
or e-mail to Steven R. Jacobs at sjacobs@jw.com. If Hargrave revokes this
Agreement, he shall not be entitled to receive any payments under
it.

     

    19.           Successors
and Assigns. This Agreement shall be binding upon and inure to the

     

    benefit
of the parties and their respective successors and assigns.

    

    

     

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    AGREEMENT

    

     

    This
Agreement ("Agreement") dated January 21, 2009 is made and entered into
between

     

    Best
Energy Services, Inc., a Nevada corporation with offices
at                                                                                                                                     1010                 Lamar
Suite1200

     

    Houston,
Texas 77002 ("BES" or the "Company"), and James W. Carroll ("Carroll")
as

     

    follows:

     

    WITNESSTH:

    

     

    WHEREAS,
Carroll was employed by BES as its Executive Vice President and
Chief

     

    Financial
Officer pursuant to an Employment Agreement dated March 5, 2008
(the

     

    "Employment
Agreement") , a copy of which is attached hereto as Exhibit A; and

     

    WHEREAS,
Carroll's employment with BES terminated effective October 13, 2008;
and

     

    WHEREAS,
Carroll and BES (hereinafter together referred to as the "Parties") desire to
modify the terms relating to the separation payment to be made to Carroll
pursuant to Section 6 of the
Employment Agreement in order to reduce the financial cost to the Company of the
termination of Carroll's employment; and

     

    WHEREAS,
in furtherance of such agreement, the Parties have agreed to the terms and
conditions of this Agreement as set forth below;

    

     

    Therefore,
as material considerations and inducements to the execution and delivery
of

    this
Agreement and in consideration of the mutual promises set forth herein and other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Parties hereby contract, covenant, and agree as
follows:

     

    1.           Capitalized
Terms. Unless otherwise defined herein, capitalized terms used in

     

    this
Agreement shall have the meaning set forth in the Employment
Agreement.

    

     

    2.           Termination.
Effective as of October 13, 2008 (hereinafter referred to as the

     

    "Termination
Date"), Carroll's status as an employee and officer of BES ceased in its
entirety.

    

     

    3.            Consideration.
Carroll shall be paid the following:

     

    (a)            Cash Pam. In lieu of
a severance payment under Section 6 of the

    Employment
Agreement, Carroll shall be paid a cash settlement in the amount of $37,500.
This amount shall be paid upon execution of this Agreement.

     

    (b)           Medical Insurance.
Subject to the terms of the Company's medical

     

    insurance
plan in effect as of the date hereof, BES will pay for Carroll to remain
covered

     

    under the
Company's current medical insurance plan (at current levels of coverage) through
February 28, 2009.

     

    (c)           Reimbursement of Business
Expenses. BES will reimburse Carroll for

     

    valid
out-of-pocket expenses incurred by Carroll in the performance of his duties
under

     

    the
Employment Agreement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

     

    (d)           Taxes and
Withholding. The Company will determine whether the Cash

    Payment
made to Carroll under this Agreement shall be considered compensation,
subject

    to
payroll taxes and federal income tax withholding, or shall be considered a
payment not

    subject
to tax withholding or payroll deductions. If it is the former, the amounts will
be

    reported
to Carroll as salary on Form W-2 for 2009; if it is the latter, it will be
reported to

     

    Carroll
as income on Form 1099 for 2009.

     

    The
payments delivered pursuant to Paragraphs (a) through (d) above are referred to
as

     

    the
"Consideration." BES is not obligated to pay any of the Consideration if Carroll
revokes or

     

    breaches
this Agreement. Carroll acknowledges the sufficiency of the Consideration
together

     

    with the
Release and Assignment of All Claims by BES in Paragraph 4 (b) hereof,
as

     

    consideration
to him for executing this Agreement and agreeing to be bound by its terms.
BES

     

    acknowledges
the sufficiency of Carroll's eliminating his severance under Section 6 of
the

     

    Employment
Agreement and accepting the lesser amounts described in Paragraph 3 hereof,
as

     

    consideration
to BES for its executing the Agreement and agreeing to be bound by its
terms.

     

    Additionally,
Carroll acknowledges and agrees that upon payment of the Consideration, he will
have been paid all moneys owed to him pursuant to the Employment
Agreement.

    

     

    4.           Release.

    

     

    (a)           Release and Assignment of
All Claims by Carroll. In consideration of

     

    BES's
agreement to provide the Consideration described in
Paragraph                                                                                                                   3     of
this

    Agreement
and the Release and Assignment of All Claims by BES as set forth in

    Paragraph
4 (b) hereof, Carroll, his spouse, heirs, executors, trustees, assigns,
and

    attorneys,
if any (collectively, the "Releasors"), hereby release and forever
discharge

    BES and
all of its past, present and future officers, directors, stockholders,
partners,

    representatives,
board members, subsidiaries, parent companies, related entities,

    insurance
carriers, agents, servants, employees, successors, assigns, heirs, legatees,
and

    attorneys,
in their individual and official capacities (the "Released Parties"), from
any

    and all
claims, causes of action, lawsuits, proceedings, damages, interests, benefits,
and

    all other
demands of any kind or character whatsoever, in law or in equity, in any
way

    directly
or indirectly related to or connected with his employment or separation
therefrom

    with the
Released Parties, except for any claims arising under Paragraph 10 of
this

     

    Agreement.
This Release includes, without limitation, the following:

     

    (i)            Claims
related to Carroll's employment and/or the termination of

     

    his
employment including, without limitation, any allegation of a violation of
any

    employment,
bonus, or other compensation agreement with BES, including, without limitation,
the Employment Agreement;

    

     

    (ii)            Claims
that could have been asserted in any Charge of

    Discrimination
filed by Carroll with the Equal Employment Opportunity

    Commission
and/or the Texas Workforce Commission--Civil Rights Division;

     

    (iii)            Claims
arising under state or federal constitution or state or federal

     

    statute
(including, without limitation, all tort claims), city ordinance, or
public

     

    policy,
including, without limitation, the Securities Exchange Act of 1934,
as

    

     

    2

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    amended,
the Employee Retirement Income Security Act of 1974, 29 U.S.C.

     

    §1001 et
seq. and claims involving employment discrimination, harassment,

     

    and/or
retaliation of any form (including, without limitation, claims under the
Age

     

    Discrimination
in Employment Act of 1967, 29 U.S.C. §621 et seq., Title VII of

     

    the Civil
Rights Act of 1964 as amended, 42
U.S.C.                                                                                                            §2000e
et seq., the Civil

     

    Rights
Act of 1870, 42
U.S.C.                                                                  §1981,
the Americans with Disabilities Act of

     

    1990, 42
U.S.C.
§12101                                                       et
seq., the Family and Medical Leave Act of 1993, 29

    U.S.C.
§2601 et seq., the Equal Pay Act, 29 U.S.C. §206, the Texas Commission on Human
Rights Act, Tex. Lab. Code Ann. §21.001 et seq., and/or the Texas Workers'
Compensation Act, Tex. Lab. Code §451.001 et seq.);

     

    (iv)            Claims
arising under state or federal contract, tort, or common law,

     

    including,
without limitation, any claim of breach of contract, promissory

     

    estoppel,
detrimental reliance, wrongful discharge, false imprisonment,
assault,

     

    battery,
intentional infliction of emotional distress, defamation, slander,
libel,

     

    fraud,
invasion of privacy, breach of the covenant of good faith and fair
dealing,

     

    breach of
fiduciary duty, conversion, and tortious interference with any type
of

     

    third-party
relationship, as well as any and all damages that may arise out of
any

     

    such
claims, including, without limitation, claims for economic loss, lost
profits,

     

    loss of
capital, lost wages, lost earning capacity, emotional distress,
mental

     

    anguish,
personal injuries, punitive damages, or any future damages;

     

    (v)            Claims
of retaliation of any nature, including, but not limited to,

     

    the
anti-retaliatory provisions of the statues identified in Paragraph 4(a)(iii) of
this

     

    Agreement;
and

     

    (vi)            CLAIMS
OF NEGLIGENCE OF ANY KIND INCLUDING,

     

    WITHOUT
LIMITATION, GROSS NEGLIGENCE AGAINST BES BASED

     

    UPON THE
ACTION OR INACTION OF BES.

    

     

    The
claims described in
Paragraph                                                                                 4
(a)(i)
through                                     (vi)
are hereinafter collectively

     

    referred
to as the "Claims." This Agreement may be pleaded as, and shall constitute,
an

     

    absolute
and final bar to any and all lawsuits or administrative claims now pending,
or

     

    that may
hereafter be filed or prosecuted by Releasors against the Released Parties
that

     

    arose out
of or in connection with any of the Claims. Additionally, Carroll agrees that
at

     

    no time
subsequent to the execution of this Agreement will he permit the filing
or

     

    maintenance,
in any state, federal, or foreign court, or before any local, state, federal,
or

     

    foreign
administrative agency, or any other tribunal, of any charge, claim, or action
of

     

    any kind
arising out of or in any way related to any of the Claims. Finally, it is
the

     

    intention
of the Parties that this Agreement shall be construed as broadly and
all-

     

    encompassing
as permitted by law and that, notwithstanding such intention, if it is
found

     

    that any
claim of any kind has not been released, Carroll agrees that any such claim
is

     

    hereby
assigned to BES, except for any claims arising under Paragraph 10 of
this

    Agreement.
Nothing in this Agreement shall be construed to affect the rights
and

    responsibilities
of the Equal Employment Opportunity Commission (the "Commission"),

    the
National Labor Relations Board (the "NLRB"), or any other federal, state or
local

    agency
with similar responsibilities to enforce any laws pertaining to
employment

    

    

     

    3

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

     

    discrimination
or retaliation, or union activity or participation. Likewise, this waiver will
not be used to justify interfering with the protected right of any employee to
file a charge or participate in an investigation or proceeding conducted by the
Commission, the NLRB or any similar agency; however, Carroll waives the right to
any benefits or recovery arising out of any such proceeding.

     

    (b)           Release
and Assignment of All Claims by BES. In consideration of

     

    Carroll's
reducing the payments otherwise due to him by BES under Section 6 of
the

    Employment
Agreement and the Release and Assignment of all Claims by Carroll

    pursuant
to Paragraph 4 (a), BES, its past, present and future officers,
directors,

    stockholders,
partners, representatives, board members, subsidiaries, parent
companies,

    related
entities, insurance carriers, agents, servants, employees, successors, assigns,
heirs,

    legatees,
and attorneys, hereby release Carroll and forever discharge him, his
spouse,

    heirs,
executors, trustees, and assigns from any and all claims, causes of action,
lawsuits,

    proceedings,
damages, interests, benefits, and all other demands of any kind or
character

    whatsoever,
in law or in equity, arising out of or relating in any manner
whatsoever,

    directly
or indirectly, to his employment with BES or service as a Director of BES, to
the

    maximum
extent permitted by law. It is the intention of the Parties that this
Agreement

    shall be
construed as broadly and all-encompassing as permitted by law and
that,

    notwithstanding
such intention, if it is found that any claim of any kind has not
been

    released,
BES agrees that any such claim is hereby assigned to Carroll.

     

    5.           Director
Resignation. Carroll is currently a member of the Board of Directors
of

     

    BES with
a term of office expiring at the annual meeting of the Company's stockholders in
2009.

     

    Upon
execution of this Agreement by both Parties, Carroll shall resign as a director
of BES.

     

    6.           No
Future Employment. Carroll agrees that BES has no obligation,
contractual

     

    or
otherwise, to employ Carroll as an employee of BES in the future. Carroll hereby
waives any

     

    right to
future employment as an employee of BES.

    

     

    7.           Stock
Options. Carroll has previously been granted the following options
to

     

    purchase
shares of the Company's common stock:

     

    Exercise

     

    Number
of                            Price                                                     Expiration

     

    Options                       Per
Share                        Date of
Grant                                     Date                                Vesting

     

    150,000                        $0.50                      March
5,
2008                               March
5,
2013                              December
31, 2008

    

     

    All of
such options shall have vested on December 31, 2008 and shall remain in full
force and effect in accordance with their respective terms.

     

    8.           No
Wrongdoing. Both Parties acknowledge and agree that this Agreement
shall

     

    not be
construed as an assertion of or an admission by the other of any act of
wrongdoing,

     

    liability,
or responsibility for any wrongdoing of any kind.

     

    9.           Taxation
Consequences. Carroll acknowledges and agrees that BES has made

     

    no
representations to him regarding the taxation of any portion of the
Consideration. Carroll also

    

     

    4

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

     

    understands
that he is solely responsible for the payment of all taxes owed by him, if any,
related to the Consideration and that BES has no duty to defend him against any
such claims. Further, Carroll agrees that, if requested by BES at any time
following his execution of this Agreement, he shall complete, execute, and
deliver to BES a Form W-4 and/or Form W-9 providing such information as may be
necessary for any party issuing the appropriate Internal Revenue Service form
related to the Consideration.

     

    10.           Indemnification.
The Company agrees to indemnify and to advance funds to pay

     

    expenses
to defend Carroll to the fullest extent permitted by the Company's Articles
of

     

    Incorporation,
Bylaws and applicable law against all expenses, liabilities, losses, damages
and

     

    costs
that are incurred or paid by Carroll in connection with any Proceeding. For
purposes of

     

    this
Section 10, "Proceeding" shall mean any threatened, pending or completed action,
suit,

     

    claim,
demand, arbitration, alternate dispute resolution mechanism, investigation,
inquiry,

     

    administrative
hearing or any other actual, threatened or completed proceeding, whether
formal

     

    or
informal, including any and all appeals, whether brought by or in the right of
the Company or

     

    otherwise,
whether civil, criminal, administrative or investigative, whether formal or
informal, in

     

    which
Carroll was, is or will be involved as a party or otherwise, by reason of or
relating to

     

    Carroll's
former position as a director, officer and employee of the Company and by reason
of or

     

    relating
to any action or alleged action taken by Carroll (or failure or alleged failure
to act) or of

     

    any
action or alleged action (or failure or alleged failure to act) on Carroll's
part, while acting in

     

    his or
her capacity as a director, officer or employee of the Company.

    

     

    11.           Entire
Agreement. Carroll acknowledges and agrees that, except as
expressly

     

    set forth
herein, no representations of any kind or character have been made by or on
behalf of

     

    BES to
induce his execution of this document and that this Agreement constitutes the
complete

     

    understanding
and agreement between him and BES. Carroll also acknowledges and agrees
that

     

    this
Agreement supersedes any and all prior agreements, promises, or inducements
concerning

     

    the
subject matter of this Agreement. By executing and delivering this Agreement,
Carroll

     

    expressly
disclaims any reliance on any representations, promises, or other statements by
BES,

     

    except to
the extent such representations, promises, or other statements are expressly
contained

     

    in this
Agreement.

     

    12.           Confidentiality.
Carroll and BES agree to maintain the confidentiality of the

     

    terms,
contents and conditions of this Agreement and shall not further disclose or
discuss the

     

    Agreement
except to governmental officials; as required by law; to tax advisors,
accountants and

     

    attorneys;
and for other good cause after notice to the other Party and written approval by
the

     

    other
Party. Carroll and BES shall instruct their tax advisors, accountants, and
attorneys as to the

     

    terms of
this Paragraph and shall insist upon their compliance with the terms of this
Paragraph.

     

    However,
Carroll acknowledges and understands that this Agreement may be required to
be

     

    attached
to, and filed with, an 8-K, or the terms disclosed as required by applicable
laws, and in such event, BES shall be free to do so and this paragraph shall be
cancelled and have no further

     

    effect on
either Party.

    

     

    13.           Property
and Confidential Information. Carroll represents and warrants that,

     

    to his
best recollection and belief, he has returned any and all property, information
or

     

    documents
including, but not limited to, any and all confidential information belonging to
BES,

    

    

    

     

    5

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    including
any originals, copies or summaries currently in Carroll's possession, custody
or

     

    control.

     

    14.           Default
and Notice. In the event that BES fails to make any payment due
under

     

    the
provisions of this Agreement, Carroll shall give written notice of such failure
to BES, and

     

    BES shall
have a period of fifteen (15) business days from receipt of such notice in which
to cure such default. For purposes of this Paragraph 14, all notices to BES for
failure to make any payment due under this Agreement shall be in writing and
either hand delivered or sent by Certified Mail, Return Receipt Requested, to
Steven R. Jacobs, Jackson Walker L.L.F., 112 East Pecan Street, Suite 2400, San
Antonio, Texas 78205.

     

    15.           No
Presumption Against Interest. This Agreement has been jointly
negotiated,

     

    drafted,
and reviewed by Carroll and BES and, therefore, no provision arising directly
or

     

    indirectly
herefrom may be construed against any Party as being drafted by that
Party.

     

    16.           Waiver.
No waiver of any of the terms of this Agreement shall be valid unless
in

     

    writing
and signed by all Parties to this Agreement. The waiver by any party hereto of
any

     

    provision
of this Agreement shall not operate or be construed as a waiver of any
subsequent

     

    breach by
any party, nor shall any waiver operate or be construed as a rescission of
this

     

    Agreement.

     

    16.           Severability.
The Parties agree that should any part of this Agreement be

     

    declared
or determined by a court of competent jurisdiction to be illegal, invalid,
or

     

    unenforceable,
the Parties intend that the legality, validity, and enforceability of the
remaining parts shall not be affected thereby, and said illegal, invalid or
unenforceable part shall be deemed not to be a part of this Agreement. However,
the Parties have carefully read and understand the provisions herein and agree
that all aspects of this Agreement are reasonable.

    

     

    18.           Captions.                     The
captions contained in this Agreement are intended for

     

    convenience
only and should not be considered in interpreting the terms of this
Agreement.

    

     

    19.           Understanding
of
Agreement.                                                          By
signing this Agreement, Carroll

     

    acknowledges
that he has fully and carefully read this Agreement, that he fully understands
and

     

    agrees to
its contents and effects, and that he is entering into this Agreement of his own
free will

     

    and
accord. Carroll further agrees and acknowledges that:

    

     

    •           He
has read and considered the terms of this Agreement, including the
Release

     

    and
Assignment of All Claims set forth in Paragraph 4;

     

    •           He
understands and agrees to such terms of his own free will and
accord;

     

    •           He
has had an opportunity to consult with an attorney prior to executing
this

     

    Agreement,
and he is hereby advised in writing to consult with counsel of his

     

    choice
prior to executing and delivering this Agreement;

     

    •           The
Release and Assignment of all Claims set forth in Paragraph 4
specifically

     

    refers to
rights and/or claims that may arise under the Age Discrimination in

     

    Employment
Act,                                               29
U.S.C.                              §§           621           et
seq., and any similar state or local

     

    protective
statute;

    

     

    6

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    

    

    

    

     

    •           Through
this Agreement, he is releasing BES, along with the other parties
named

     

    above as
the "Released Parties," from any and all claims that he has or may
have

     

    against
them;

     

    •           He
has been given at least twenty-one (21) days to consider this Agreement
(but

     

    remains
free to execute this Agreement before the expiration of the
twenty-one

     

    (21)
days);

     

    •           For
a seven (7) day period following his execution of this Agreement, he
may

    revoke
it, and it will not become effective or enforceable until the expiration of the
seven (7) day period; and

    

     

    •           His
revocation, if any, must be in writing and sent to Steven R. Jacobs,
Jackson

     

    Walker
L.L.P., 112 East Pecan Street, Suite 2400, San Antonio, Texas 78205,
on

     

    or before
the expiration of the seventh day after this Agreement is executed
by

     

    Carroll
via facsimile at (210) 978-7790 or hand delivery at the address above or
e-

    mail to
Steven R. Jacobs at sjacobs@jw.com. If Carroll revokes this Agreement, he shall
not be entitled to receive any payments under it.

    

    

     

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