Document:

Exhibit 10.1 

 

EMPLOYMENT
AGREEMENT

 

THIS
EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into this 7th day of January, 2016 by and between
the FREESTONE RESOURCES, INC. a Nevada corporation, (“Freestone”) and MIKE McGHAN (“Employee”),
an individual. Freestone and Employee may individually be referred to herein as “Party” or collectively as
“Parties”. There are no other parties to this Agreement.

 

RECITALS

 

WHEREAS

 

	A.		Mr. McGhan
has experience and business acumen valuable to Freestone;

 

	B.		Freestone
has agreed, for itself, and on behalf of its directors and officers, to employ Mr. McGhan in the position of President and Chief
Executive Officer;

 

	C.		Freestone
has agreed, for itself, and on behalf of its directors and officers, to appoint Mr. McGhan to the Board of Directors and serve
as Chairman of the Board.

 

NOW,
THEREFORE, in consideration of the mutual covenants entered into between the Parties, and in consideration of the benefits
that accrue to each, it is agreed as follows:

 

AGREEMENT

 

Section
1. Recitals.    The recitals set forth above (“Recitals”) are incorporated herein by this reference
and made a part of this Agreement. In the event of any inconsistencies between the Recitals and Sections 1 through 10 of this
Agreement, Sections 1 through 10 will prevail.

 

Section
2. Effective Date.  This Agreement shall become effective once executed by both Freestone and Employee (“Effective
Date”).

 

Section
3. At-will Employment.    Employee is an at-will employee serving at the pleasure of Freestone as provided herein and
according to the Articles of Incorporation and Bylaws by which Freestone is managed. As President, Chief Executive Officer, and
Chairman of the Board, Employee will be responsible for all operations of the Company and answer to the Board of Directors and
shareholders. The Board of Directors may terminate Employee’s employment at any time, with or without cause. Only if Employee
is terminated by the Board of Directors without cause shall Employee be entitled to a severance.

 

 

    	 	 	Freestone Resources, Inc.

                                                                                Employment Agreement

                                                                                Page 1 of 7

     

    

 

 

Section
4. Compensation.

 

Section
4.1. Common Stock. On January 7, 2016, Freestone will issue THREE MILLION (3,000,000) shares of FSNR common stock to Employee.
These shares shall remain restricted for one year. If at any time during the employment Freestone increases the authorized shares
of common stock, Employee will be entitled to TWO MILLION (2,000,000) in warrants for FSNR common stock. If Employee voluntarily
resigns or is terminated for good cause within the first year of this contract, then Employee shall issue back TWO MILLION (2,000,000)
of the shares of FSNR common stock back to Freestone and Employee shall cancel any and all of the TWO MILLION (2,000,000) warrants
for FSNR common stock issued during the term of employment.

 

Section
4.2 Salary.  Employee will receive FIVE THOUSAND DOLLARS ($5,000) per month after Freestone completes a cash raise, which is
estimated to take place in January or February of 2016. Employee’s salary will accrue until it can be paid at which point
in time the accrued salary will be paid to the Employee. After six (6) months of employment, Employee’s salary will increase
to TEN THOUSAND DOLLARS ($10,000) per month providing the Company is generating revenue and can support a salary of this nature.

 

Section
5. Confidentiality. Throughout the term of this Agreement and following termination hereof for any reason, Employee
agrees to hold inviolate and keep secret all non-public knowledge or information processes, know-how, and other confidential information
made known to it or otherwise acquired during the term of this Agreement and will not disclose the same or anything related thereto
to any other person, firm, bank, corporation, or other entity, or make use of such information for any purpose, except as may
be required in the course and scope of performing obligations under this Agreement or as part of any mandated reporting required
by law.

 

Section
6. Benefits.  Employee and spouse will be enrolled on the corporate health insurance plan once the Salary described
in Section 5.2 is implemented.

 

Section
7. Termination of Employment.

 

Section
7.1 Voluntary Resignation. Employee may resign at any time and agrees to give Freestone at least sixty (60) days advance written
notice of the effective date of the Employee’s resignation, unless the Parties otherwise agree in writing. During the notice
period, all rights and obligations of the Parties under this Agreement shall remain in full force and effect. Promptly after the
effective date of resignation, Freestone shall pay to Employee all salary and benefit amounts both accrued and owing under this
Agreement. In the event of voluntary resignation, Employee shall not be entitled to a severance as set forth in this Agreement.
In the event of voluntary resignation within the first year of this contract, Employee shall abide by the stock and warrant cancellation
policy aforementioned in Section 4.1.

 

    	 	 	Freestone Resources Inc.

                                                                                Employment Agreement

                                                                                Page 2
                                                                                of 7

     

    

 

 

Section
7.2. Termination For Good Cause. Freestone may at any time immediately terminate this Agreement for good cause as defined
in this section 7.2. If Employee is terminated for good cause Freestone shall not be required to pay any severance under this
Agreement, and Freestone shall have no obligation to Employee beyond those benefits accrued as of Employee’s last day of
employment and those Freestone is obligated to provide under federal or state law. In the event of termination for good cause
within the first year of this contract, Employee shall abide by the stock and warrant cancellation policy aforementioned in Section
4.1.

 

“Good
Cause” for purposes of this Agreement, means a fair and honest cause or reason for termination. These reasons include,
but are not limited to:

 

	1.		Conviction
of a felony;

 

	2.		Disclosing
confidential information of Freestone;

 

	3.		Gross carelessness
or misconduct;

 

	4.		Unjustifiable
and willful neglect of the duties described in this Agreement;

 

	5.		Willful
destruction or misuse of Freestone property;

 

	6.		Conduct
that in any way has a direct, substantial, and adverse effect on the Freestone’s reputation;

 

	7.		Willful
violation of federal, state or city discrimination laws;

 

	8.		Continued
substance abuse which adversely affects performance of Employee’s duties as Chief Executive Officer;

 

	9.		Refusal
to take or subscribe any oath or affirmation which is required by law; or

 

	10.		Permanent
disability of Employee, or Employee becoming otherwise unable to perform the duties of Chief Executive Officer, by reason of sickness,
accident, illness, injury, mental incapacity or health for a period of six (6) weeks following the exhaustion of all available
leave balances and any applicable Family Medical Leave Act or state equivalent, or where the same occurs for forty (40) working
days over a sixty (60) working day period following exhaustion of such leaves.

 

    	 	 	Freestone Resouces Inc.

                                                                                Employment Agreement

                                                                                Page 3
                                                                                of 7

     

    

 

 

Section
8. Non-Compete Agreement. Employee recognizes that various items of information are special and unique assets of Freestone
and need to be protected from improper disclosure. In consideration of the disclosure of the information to Employee, Employee
agrees and covenants to not compete with Freestone during the term of this Agreement and for a period of three years following
the termination of this Agreement, whether such termination is voluntary or involuntary, Employee will not directly or indirectly
engage in any business competitive with Freestone. This covenant shall apply to the geographical area that includes Texas, Colorado,
Arkansas, Oklahoma, New Mexico, and Louisiana. Directly or indirectly engaging in any competitive business includes, but is not
limited to: (i) engaging in a business in which a petrochemical is derived from tire-derived oil; (ii) becoming an employee of
any third party that engaged in such business, (iii) becoming invested directly or indirectly in any such privately-held business;
(iv) soliciting any customer of the Freestone for the benefit of a third party that is engaged in such business. Freestone agrees
that this non-compete provision will not adversely affect Employee’s livelihood. This Section 8 will be strictly related
to the petrochemicals derived from tire-derived oil, or any product or process that competes with Petrozene.

 

Section
9. Term. The Term of this Agreement shall be two years and can be renewed by the mutual agreement between Freestone
and Employee at the end of the Term.

 

Section
10. Notices. Any notice or communication required hereunder between Freestone and Employee must be in writing, and
may be given either personally, by facsimile (with original forwarded by regular U.S. Mail), by registered or certified mail (return
receipt requested), or by Federal Express, UPS or other similar couriers providing overnight delivery. If personally delivered,
a notice shall be deemed to have been given when delivered to the Party to whom it is addressed. If given by facsimile transmission,
a notice or communication shall be deemed to have been given and received upon actual physical receipt of the entire document
by the receiving Party’s facsimile machine. Notices transmitted by facsimile after 5:00 p.m. on a normal business day or
on a Saturday, Sunday or holiday shall be deemed to have been given and received on the next normal business day. If given by
registered or certified mail, such notice or communication shall be deemed to have been given and received on the first to occur
of (a) actual receipt by any of the addressees designated below as the Party to whom notices are to be sent, or (b) five (5) days
after a registered or certified letter containing such notice, properly addressed, with postage prepaid, is deposited in the United
States mail. If given by Federal Express or similar courier, a notice or communication shall be deemed to have been given and
received on the date delivered as shown on a receipt issued by the courier. Any Party hereto may at any time, by giving ten (10)
days written notice to the other Party hereto, designate any other address in substitution of the address to which such notice
or communication shall be given. Such notices or communications shall be given to the Parties at their addresses set forth below:

 

	 	 
	If
to Freestone:	Freestone Resources, Inc.
	 	ATTN:
Board of Directors
	 	325
N Saint Paul St, Suite 1350
	 	Dallas, Texas 75201

 

 

    	 	 	Freestone Resources Inc.

                                                                                Employment Agreement

                                                                                Page 4
                                                                                of 7

     

    

 

	If
to Employee:	Mike McGhan
	 	 
	 	  

	 	 
	 	 

 

 

 

Section
11.  General Provisions.

 

11.1 .
Modification of Agreement. This Agreement may be supplemented, amended, or modified only by a writing signed by Freestone
and Employee.

 

11.2. 
Entire Agreement. This Agreement constitutes the final, complete, and exclusive statement of the terms of the agreement
between the Parties and supersedes all other prior or contemporaneous oral or written understandings and agreements of the Parties.
No Party has been induced to enter into this Agreement by, nor is any Party relying on, any representation or warranty except
those expressly set forth in this Agreement.

 

11.3. 
Severability of Agreement. If a court or an arbitrator of competent jurisdiction holds any section of this Agreement
to be illegal, unenforceable, or invalid for any reason, the validity and enforceability of the remaining sections of this Agreement
shall not be affected.

 

11.4. 
Authority. All Parties to this Agreement warrant and represent that they have the power and authority to enter into
this Agreement and the names, titles and capacities herein stated on behalf of any entities, persons, states or firms represented
or purported to be represented by such entities, persons, states or firms and that all former requirements necessary or required
by the state or federal law in order to enter into this Agreement had been fully complied with. Further, by entering into this
Agreement, neither Party hereto shall have breached the terms or conditions of any other contract or agreement to which such Party
is obligated, which such breach would have a material effect hereon.

 

11.5. 
Headings. The headings in this Agreement are included for convenience only and neither affect the construction or interpretation
of any section in this Agreement nor affect any of the rights or obligations of the Parties to this Agreement.

 

11.6. 
Necessary Acts and Further Assurances. The Parties shall at their own cost and expense execute and deliver such further
documents and instruments and shall take such other actions as may be reasonably required or appropriate to evidence or carry
out the intent and purposes of this Agreement.

 

11.7. 
Governing Law. This Agreement shall be governed and construed in accordance with the laws of the State of Texas.

11.8. 
Waiver. No covenant, term, or condition or the breach thereof shall be deemed waived, except by written consent of
the Party against whom the waiver is claimed, and any waiver of the breach of any covenant, term, or condition shall not be deemed
to be a waiver of any preceding or succeeding breach of the same or any other covenant, term, or condition.

    	 	 	Freestone Resources Inc.

                                                                                Employment Agreement

                                                                                Page 5
                                                                                of 7

     

    

 

11.9. 
Counterparts. This Agreement may be executed in counterparts and all so executed shall constitute an agreement
which shall be binding upon the Parties hereto, notwithstanding that the signatures of all Parties and Parties’ designated
representatives do not appear on the same page.

 

11.10. 
Venue. Venue for all legal proceedings shall be in the District Court for the County of Dallas in the State
of Texas.

 

11.11.
 Attorney’s Fees and Costs. If any action at law or in equity, including action for declaratory relief,
is brought to enforce or interpret sections of this Agreement, the prevailing Party shall be entitled to reasonable attorney's
fees and costs, which may be set by the court in the same action or in a separate action brought for that purpose, in addition
to any other relief to which such Party may be entitled.

 

 

 

 

 

 

    	 	 	Freestone Resources Inc.

                                                                                Employment Agreement

                                                                                Page 6
                                                                                of 7

     

    

 

 

IN
WITNESS WHEREOF, this Agreement has been entered into by and between EMPLOYEE and FREESTONE as of the date of the Agreement
set forth above.

 

 

	 

        FREESTONE:

         

        By:/s/
        G. Don Edwards

         

        Printed
        Name: G. Don Edwards

         

        Date
        Signed:  01/07/2016
	 

        EMPLOYEE:

        

        By:/s/ Mike McGhan

        Mike
        McGhan

         

         

         

        Date
        Signed:  01/07/2016

 

 

 

 

    	 	 	Freestone Resources Inc.

                                                                                Employment Agreement

                                                                                Page 7
                                                                                of 7Nobilis Health Corp. - Exhibit 10.1 - Filed by newsfilecorp.com

SEPARATION AGREEMENT AND RELEASE 

            This
Separation and Release Agreement (the “Agreement”) is made as of the 6th day
of January, 2016 by and between Northstar Healthcare Acquisitions, LLC, a
Delaware corporation, Northstar Healthcare Inc., a corporation incorporated
under the laws of British Columbia, Nobilis Health Corp., as well as its and
their parents, subsidiaries and affiliates (collectively the “Company”), and
Chris Lloyd (“Employee”). If Employee signs and does not revoke this Agreement,
then it shall become effective on the date described in Section 11 below.

            A.     
    Employee is separating from employment with Company by his
resignation of employment; 

           
B.          Employee and Company
are parties to an Executive Employment Agreement dated and effective November
26, 2014, as amended (the “Employment Agreement”); 

           
C.          Employee and
Company both expressly agree that the terms of this Agreement supersede any
contradicting term in the Employment Agreement; 

           
D.          Employee elects to
receive compensation and related benefits under this Agreement under the terms
and conditions set forth below; and 

           
E.          Company and
Employee desire the separation from employment to be governed by the terms and
conditions of this Agreement and the Employment Agreement, as amended herein.

AGREEMENT 

            Therefore,
in consideration of the mutual promises set forth below, the parties agree as
follows: 

            1.         
Separation Date. Employee’s employment with Company
shall be terminated effective January 6, 2016 (the “Separation Date”). As of the
Separation Date, Employee hereby resigns from all offices and other positions in
any capacity (including as an officer, director, manager, member, agent and
employee) with the Company and any direct or indirect subsidiary or affiliate of
the Company.

            2.        
 Severance Compensation. In exchange for the
promises and covenants contained in this Agreement as well as the Employment
Agreement, and in lieu of the compensation and severance benefits set forth in
the Employment Agreement, Company agrees to provide Employee with the following
payments (collectively the “Severance Compensation”): 

                          Company
shall pay Employee severance pay in an amount equal $660,000.00, which shall be
paid in two, equal payments of $330,000.00 the first being made on the Effective
Date and the second being made on January 31, 2016. Payment shall be made by
wire transfer to Employee’s bank account. All payments to Employee hereunder
shall be reduced by such amounts as are required to be withheld by law. Notwithstanding
the foregoing, no payment shall be made or begin before the Effective Date of
this Agreement. 

1 

            Employee
acknowledges that he has received all accrued wages and accrued but unused
vacation owing through the Separation Date. Employee further acknowledges that
except for the Severance Compensation, Employee’s accrued wages and any accrued
but unused vacation, and any other amounts specifically described herein
(including other cash payments, stock, and other compensation), Employee is not
now and shall not in the future be entitled to any other compensation from
Company including, without limitation, other wages, commissions, bonuses
(including any payout under the Company’s 2015 short term incentive plan for
senior management), vacation pay, holiday pay, equity, stock, stock options,
paid time off or any other form of compensation or benefit.

            3.        
 Amendment of Notice Period. The parties agree that
the 30-day notice requirement and 10-day cure period in Section 5 of the
Employment Agreement shall not apply and the notice periods herein shall
apply.

            4.        
 Employee Benefit Plans. Employee’s group health
benefits shall continue until the January 31, 2016. Thereafter, Employee may be
eligible to further continue his group health benefits at his own expense under
COBRA or similar state law. Except as stated in this Section, Employee shall be
entitled to Employee’s rights under Company’s benefit plans as such plans, by
their provisions, apply upon Employee’s separation. 

             
5.        
 Equity.

                          
A.        To the extent
applicable, the terms and conditions of the First Amended Northstar Healthcare,
Inc. Stock Option Plan (the “Plan”) and the Stock Option Agreement(s) executed
by Employee pursuant thereto (collectively the “Option Agreements”) are
incorporated herein by reference and shall survive the signing of this
Agreement. Pursuant to the Plan and Options Agreements, Employee has been
granted options to purchase a total of 1,500,000 shares of the Company’s
non-voting Common Stock (the “Options”). As of the Separation Date, Employee
shall have vested in options to purchase a total of 1,000,000 shares of the
Company’s non-voting Common Stock (the “Vested Options”). 548,218 of the Vested
Options may be exercised by Employee at a purchase price of CAD $1.87 per share
and 451,782 of the Vested Options may be exercised by Employee at a purchase
price of CAD $3.44 per share. Employee shall not be permitted to vest in any
additional options or other forms of Company equity following the Separation
Date. Employee shall retain the right to exercise the Vested Options during the
ninety (90) day period following the Separation Date or the applicable time
period set forth in the Plan and Option Agreements; otherwise, the Options shall
terminate in accordance with the provisions of the Plan. Any part of the Options
that are not vested as of the Separation Date shall be forfeited. The parties
mutually agree that Employee shall forfeit any entitlement to the RSUs described
in the last sentence of Section 4(c) of the First Amendment to the Employment
Agreement. 

2 

                         
B.        Employee holds 3,143,746 shares of
common stock in Nobilis Health Corp. (the “Employee Common Shares”) some of which were issued
pursuant to that certain Confidential Agreement by and between Northstar
Healthcare Subco, LLC, Nobilis Health Corp., Athas Health Corp., North American
Laserscopic Institute, LLC, and various Athas Sellers, made effective June 30,
2015 (the “Confidential Agreement”). All Employee Common Shares are subject to
certain restrictions found in Section 2 of the Confidential Agreement (the
“Sales Restrictions”). On the Effective Date, the Company agrees that the Sales
Restrictions placed on the Employee Common Shares, are hereby removed and
eliminated. The Company and Employee further agree that this Section constitutes
an amendment of the Confidential Agreement to remove Section 2(a) through (h) as
it applies to the Employee Common Shares, and it is the intent of the parties
that no provision set forth in Section 2(a) through (h) of the Confidential
Agreement shall constitute a restriction on Employee’s ability to transfer the
Employee Common Shares. Moreover, Company agrees to work with Employee in good
faith to remove all contractual lock-up legends on all of Employee’s stock as
soon as possible. Notwithstanding anything herein, Employee shall remain subject
to any trading or resale restrictions imposed under applicable U.S. and Canadian
securities laws and regulations, and Employee hereby undertakes to comply in all
respect with any such laws and regulations. 

            6.        
 Company Property. Employee shall promptly
return to Company all property belonging to Company, including, but not limited
to keys, credit cards, telephone calling card, files, records, computer access
codes, business plans, and all other property and documents that Employee
prepared or received in connection with his employment with Company. Employee
shall deliver to Company in writing all passwords necessary to access databases
or otherwise used in the course of Employee’s employment for Company,
identifying for each such password, the applicable program, database, service or
other purpose for which the password is used. Employee, however, may keep his
company laptop with the assurance that he has transferred all company related
files and data from the laptop to the Company.

            7.         
Removal of Employee as Guarantor. Company agrees to
remove Employee as card holder, account holder, or otherwise for any credit
cards, or similar financial agreements. In the interim, Company agrees to keep
all such accounts active and in good standing. Company also agrees to close all
credit cards, or similar financial agreements that include Employee as a
guarantor in the event the accounts cannot remain open without Employee as a
guarantor. 

            8.        
 Reimbursements. Company shall reimburse
Employee’s reasonable business expenses incurred through the Separation Date in
accordance with Company policies regarding reimbursements and documentation of
expenses. Employee shall submit his reimbursement request for outstanding
expenses no later five (5) business days following the Separation Date. 

            9.        
 Section 409A. This Agreement is intended to comply
with Section 409A of the Internal Revenue Code of 1986, as amended (Section
409A) or an exemption thereunder and shall be construed and administered in
accordance with Section 409A. Notwithstanding any other provision of this
Agreement, payments provided under this Agreement may only be made upon an event
and in a manner that complies with Section 409A or an applicable exemption. Any
payments under this Agreement that may be excluded from Section 409A either as
separation pay due to an involuntary separation from service or as a short-term
deferral shall be excluded from Section 409A to the maximum extent possible. For purposes
of Section 409A, each installment payment provided under this Agreement shall be
treated as a separate payment. Any payments to be made under this Agreement upon
a termination of employment shall only be made upon a "separation from service"
under Section 409A. 

3 

            10.       
EMPLOYEE RELEASE OF ALL CLAIMS. In consideration of the
benefits provided in this Agreement, Employee covenants not to sue and releases
Company and its related corporations, parents, subsidiaries, affiliates,
successors and assigns, and its and their respective directors, officers,
shareholders, partners, members, agents, employees, attorneys, and insurers,
from any and all liability, damages or causes of action whatsoever, whether
known or unknown, whether in tort, contract, or under local, state or federal
statute. Employee understands and acknowledges that this release
includes, but is not limited to: (A) any claim for reinstatement, re-employment,
attorneys’ fees, wages, stock, stock options, restricted stock units, or
additional compensation in any form, (B) any claim for breach of verbal or
written contract, defamation, promissory estoppel, wrongful termination,
whistleblower or other form of retaliation, breach of the covenant of good faith
and fair dealing, interference with contractual relations, intentional or
negligent infliction of emotional distress, misrepresentation, deceit, fraud, or
negligence, (C) any claim for discrimination and/or harassment based on age,
sex, race, religion, color, creed, disability, citizenship, national origin,
military service, ancestry, sexual orientation or any other factor protected by
federal, state or local law, including but not limited to claims arising under
Title VII of the Civil Rights Act of 1964, the Civil Rights Act of 1991, the
Post Civil War Civil Rights Act, the Equal Pay Act, the Americans with
Disabilities Act (ADA), the Age Discrimination in Employment Act (ADEA), the
Fair Labor Standards Act (FLSA), the Family Medical Leave Act of 1993 (FMLA),
the Worker Adjustment Retraining and Notification Act (WARN), the Uniformed
Services Employment and Re-employment Rights Act (USERRA), the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA), the Employee Retirement
Income Security Act of 1975 (ERISA), Executive Order 11246, the Sarbanes-Oxley
Act, the National Labor Relations Act (NLRA), the Texas Commission on Human
Rights Act, the Texas Payday Act, the Texas Equal Pay Law, the Texas
Anti-Retaliation Act, the Texas Hazard Communication Act, Chapter 21 of the
Texas Labor Code, the Texas Whistleblower Act, and any similar Texas or other
state fair employment practices statutes (all as amended) relating to Employee’s
employment or association with Company or the termination of that employment and
association, and (D) any other claim relating to Employee’s employment or
association with Company, or the termination of that employment and association,
under any federal or Texas or any other state or local law, statute or
regulation. 

           
Notwithstanding the foregoing, this section does not: (i) release
Company from any obligation expressly set forth in this Agreement; (ii) release
Company from any prior obligation to advance, pay or reimburse expenses, fees,
costs, judgments, penalties or fines incurred by or imposed upon Employee,
pursuant to the indemnification provisions in the Articles of Incorporation of
the Company and any and all Resolutions approved and adopted by the Company’s
Board of Directors; (iii) waive or release any legal claims which Employee may
not waive or release by law, including obligations under workers’ compensation
laws and unemployment benefits laws; (iv) prohibit Employee from filing a charge
or complaint of employment-related discrimination with the Equal Employment
Opportunity Commission (“EEOC”) or similar state agency; (v) prohibit Employee from
participating in any investigation or proceeding conducted by the EEOC or
similar state agency; or (vi) release any rights to indemnification or coverage
under directors and officers liability insurance policies Employee may have
under his Employment Agreement, the Company’s articles of organization or
bylaws, and any rights Employee may have under any applicable directors and
officers insurance policies maintained by Company; provided however, that
Employee shall not be entitled to indemnification or advancement for any
expenses or liabilities, including, but not limited to any attorney's fees,
amounts paid in settlement and any related costs, arising out of or resulting
from any litigation matters settled or otherwise resolved by Employee prior to
the date hereof without the Company's prior written consent. Notwithstanding the
foregoing, Company retains the right to seek immediate dismissal of such charge
or complaint on the basis that Employee’s signing of this Agreement constitutes
a full release of any individual rights under federal or state discrimination
laws, or to seek restitution to the extent permitted by law of the economic
benefits provided to Employee under this Agreement in the event Employee
successfully challenges the validity of this release and prevails in any claim. 

4 

            11.       
EMPLOYEE RELEASE OF RIGHTS UNDER OLDER WORKERS’ BENEFIT PROTECTION
ACT. In accordance with the ADEA and Older Workers’ Benefit
Protection Act (collectively, the “Act”), Employee acknowledges that: (A) he has
been, and hereby is, advised in writing to consult with an attorney prior to
executing this Agreement; (B) he is aware of certain rights to which he may be
entitled under the Act; (C) as consideration for executing this Agreement,
Employee has received additional benefits and compensation of value to which he
would otherwise not be entitled; (D) by signing this Agreement, he shall not
waive rights or claims under the Act which may arise after the execution of this
Agreement; (E) Employee has been given a period of at least twenty-one (21)
days to consider this offer; (F) in the event he has not executed this
Agreement within such 21-day period, the offer shall expire; (G) in the
event Employee signs the Agreement prior to 21 days, he does so voluntarily; (H)
any changes to the terms of the Agreement, whether material or immaterial shall
not re-start the 21-day consideration period; (I) Employee has a period of
seven (7) days from the date of execution in which to revoke this
Agreement by written notice sent to the following: 

Nobilis Health Corp. 
11700 Katy
Freeway Ste. 300 
Houston, Texas 77079 
Attention: General Counsel

and (J) in the event Employee does not exercise his right to
revoke this Agreement, the Agreement shall become effective on the date
immediately following the seven-day waiting period described above (the
“Effective Date”). 

            12.       
Indemnity. Company shall indemnify and hold harmless Employee from
any liability related to any credit cards, or similar financial agreements that
include Employee as an account holder or joint account holder (this includes a
negative impact to Employee’s credit rating as a result of misuse or nonpayment
of any of these items for which Employee is an account holder or joint account holder), except for any
expenses or charges that are not reimbursable expenses under the Company’s
policies.

5 

            13.       
Fee Reimbursement. The Company shall reimburse Employee
for attorneys’ fees incurred in connection with Employee’s negotiation and
execution of this Agreement in an amount not to exceed $17,500. 

           
14.        Other
Agreements and Covenants. Employee understands that he remains
bound by all agreements with Company with regard to confidential information,
assignment of rights in intellectual property, non-competition and
non-solicitation that by their terms remain in effect notwithstanding the
termination of employment. Without limiting the foregoing, Employee expressly
acknowledges and agrees that Sections 6 and 7 of his Employment Agreement shall
remain in full force and effect pursuant to its terms and that Employee shall
honor and abide by his covenants thereunder.

           
15.       
Non-Disparagement. Employee shall not make any
statements that are disparaging about, or adverse to, the interests or business
of the Company (including its officers, directors, employees, and direct or
indirect shareholders) including, without limitation, any statements that
disparage any person, product, service, finances, financial condition,
capability or any other aspect of the business of the Company (including its
officers, directors, employees, and direct or indirect shareholders).

           
16.       
Non-Disclosure. Employee shall not disclose the existence of
this Agreement or any of the terms or details of this Agreement, to any third
parties, except to: (A) immediate family members (provided that Employee shall
obtain the agreement of any such immediate family member to maintain the
confidentiality of this Agreement), (B) legal counsel and accountants, and (C)
financial planners (provided that Employee shall obtain the agreement of any
such financial planner to maintain the confidentiality of this Agreement), and
(D) as may be required by law. Any breach of confidentiality by such person
shall be considered a breach by Employee of this Section 16. 

           
17.       
Cooperation. During Employee’s employment and
thereafter, Employee shall cooperate fully with Company in connection with any
matter or event relating to Employee’s employment or events that occurred during
Employee’s employment with the Company, including, without limitation: (A) being
available upon reasonable notice to meet with Company regarding matters in which
Employee has been involved (including contract matters or audits); (B) assisting
Company in transitioning Employee’s job duties to other Company personnel or
contractors; (C) assisting with any audit, inspection, proceeding or other
inquiry by a private or public entity; and (D) as requested by Company,
assisting in the defense or prosecution of any claims or actions now in
existence or which may be brought or threatened in the future against or on
behalf of Company (including claims or actions against its affiliates and its
and their officers and employees), including acting as a witness, providing
affidavits, and preparing for, attending and participating in any legal
proceeding (including depositions, consultation, discovery or trial) in
connection with such claim or action. Company shall make reasonable efforts to
minimize disruption of Employee’s other activities. Company shall reimburse
Employee for reasonable expenses incurred in connection with such cooperation,
including reasonable attorney fees, and, to the extent that Employee is required
to spend more time than answering periodic, reasonable phone calls on such
matters, Company shall compensate Employee at an hourly rate of $150/hour.

6 

            18.       
Consulting. Company shall compensate Employee at an
hourly rate of $150/hour for any consulting needs following his departure from
employment. If Employee provides consulting services to Company, Employee will
submit a reasonably detailed written report including the time and services
rendered to Company. 

            19.       
No Admission of Liability. The parties agree that
nothing in this Agreement, its contents, and any payments made under it, shall
be construed as an admission of liability on the part of Company or Employee.
Employee acknowledges and agrees that neither race, sex, age, disability or
other protected status played any role in Employee’s separation of
employment.

            20.       
Remedies for Breach. If Employee breaches any material term of
this Agreement (including, without limitation, Sections 6, 9, 10, 15, 16 and 17
of this Agreement and Sections 6 and 7 of the Employment Agreement, each of
which shall be deemed to be material terms), then Company shall be relieved of
any further obligations hereunder and, in addition to any other legal or
equitable remedy available to the Company, shall entitle the Company to recover
the Severance Compensation already provided to Employee pursuant to Section 2 of
this Agreement. 

            21.       
Disputes. 

                          A.       
The parties to this Agreement have determined that they would prefer to
arbitrate any dispute arising between them, instead of going to court before a
judge or jury, and both hereby voluntarily agree that, except for an action
exclusively seeking injunctive relief, any disagreement, claim or controversy
arising under or in connection with this Agreement, or Employee’s employment
with, or termination of employment from, the Company, shall be submitted
exclusively to binding arbitration in Dallas, Texas before a single arbitrator
in accordance with the National Rules for the Resolution of Employment Disputes
of the American Arbitration Association (the “Rules”); provided
that, the arbitrator shall allow for discovery sufficient to adequately
arbitrate any statutory claims, including access to essential documents and
witnesses; provided further, that, the Rules shall be modified by
the arbitrator to the extent necessary to be consistent with applicable law. The
arbitrator's written decision shall include findings of fact and conclusions of
law and the award of the arbitrator shall be enforceable in any court of
competent jurisdiction and shall be binding on the parties hereto. The remedies
available in arbitration shall be identical to those allowed at law.

                          B.       
Notwithstanding the foregoing terms of Section 21.A above, Employee agrees that
it would be difficult to measure any damages caused to the Company which might
result from any breach by Employee of the promises set forth in Sections 6 or 7
of the Employment Agreement, and that in any event, money damages would be an
inadequate remedy for any such breach. Accordingly, if Employee breaches, or
threatens to breach, Sections 6 or 7 of the Employment Agreement, Company shall be entitled, in
addition to all other remedies that it may have, to a temporary and preliminary
injunction or other appropriate equitable relief to restrain any such breach,
provided that any other relief shall be pursued through an arbitration
proceeding pursuant to Section 21.A. 

7 

            22.       
Miscellaneous.

                          A.       
This Agreement shall be interpreted and enforced in accordance with the laws of
the State of Texas, without regard to conflicts of law principles. 

                          B.       
This Agreement shall be binding upon Employee’s heirs, executors, and
administrators and may be assigned and enforced by Company, its successors and
assigns. 

                          C.       
The provisions of this Agreement are severable. If any provision of this
Agreement or its application is held invalid, the invalidity shall not affect
other obligations, provisions, or applications of this Agreement that can be
given effect without the invalid obligations, provisions, or applications. 

                          D.       
The failure of either party to demand strict performance of any provision of
this Agreement shall not constitute a waiver of any provision, term, covenant,
or condition of this Agreement or of the right to demand strict performance in
the future. The section headings contained herein are for reference purposes
only and shall not in any way affect the meaning or interpretation of this
Agreement. 

                          E.       
Except as expressly stated in this Agreement, this Agreement constitutes the
entire agreement between the parties and supersedes all prior or contemporaneous
oral or written understandings, statements, representations or promises with
respect to its subject matter. For purposes of clarity, other than as amended
herein, Employee acknowledges and agrees that Sections 6, 7, 8, and 9 of the
Employment Agreement shall survive the termination of Employee’s employment with
Company and the execution of this Agreement. 

                          F.       
Employee acknowledges that (i) he has been given sufficient time to consider
this Agreement, (ii) he has carefully read and understands this Agreement, (ii)
he has consulted with an attorney prior to executing this Agreement, (iv) he has
signed it voluntarily and without reliance upon any promises other than those
contained in this Agreement; and (v) this Agreement is not effective until it
has been signed by both parties. 

                          G.       
This Agreement may be executed in two or more counterparts, and each
counterpart, when executed, shall have the efficacy of a signed original.
Photographic or pdf copies of such signed counterparts may be used in lieu of
the originals for any purpose. 

8 

      
     IN WITNESS WHEREOF, each of the parties has
executed this Agreement, in the case of Company by its duly authorized officer,
as of the day and year stated below. 

	EMPLOYEE 	COMPANY 
	 	 
	/s/Chris Lloyd 	/s/ Kenny Klein 
	 	 
	 	 
	__________________________________	__________________________________
	Chris Lloyd 	Kenny Klein, CFO 
	 	 
	 	 
	 	 
	Date: January 6, 2016                                           	Date:
      January 6, 2016                                           

9

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