Document:

Unassociated Document

    Exhibit 10.1

    
 

    SEVERANCE AND COOPERATION
AGREEMENT

     

    This
Severance And Cooperation Agreement (“Agreement”) is entered into by and between
Rex P. Doyle (“Doyle”) and Epic Energy Resources, Inc. (the “Company”) as
follows:

     

    1.           Termination of
Employment.  Doyle and Company acknowledge that Doyle’s
employment with Company terminated effective April 18, 2009 (the “Termination
Date”).  The April 18, 2009 termination without cause included a
resignation by Doyle and a termination from all officer and employee positions
with the Company and from all officer, director and employee positions with all
subsidiaries of the Company.  In addition, Doyle hereby resigns from
his position as a director of the Company.  Except as expressly set
forth below, Doyle is entitled to no payment, compensation or other benefits
after the Termination Date.

     

    2.           Severance.  In
consideration for Doyle’s compliance with this Agreement, Company agrees to pay
severance payments (the “Severance Payments”) at the following times and in the
following amounts:  $250,000 on the third business day following the
Effective Date, as Effective Date is defined in paragraph 5(b) below; $100,000
on or before March 31, 2010; and $150,000 on or before September 30,
2010.  The Company will withhold all applicable taxes from the
Severance Payments.  No further compensation, nor a bonus for the 2009
performance year or future years, will be paid.

     

    3.           Releases.

     

    (a)         Doyle’s Release of
Company.  In consideration of the promises and covenants made
herein, Doyle, for himself, his heirs, executors, administrators and assigns,
does hereby RELEASE, ACQUIT AND FOREVER DISCHARGE Company and its current or
former parents, subsidiaries, and affiliates, and each of its and their former
or current directors, officers, agents, employees, successors, predecessors, and
attorneys (“the Released Parties”)  from any and all claims, demands,
causes of action and liabilities of any kind or character, that may as a matter
of law be released by agreement, which Doyle ever had, now has or may hereafter
have arising out of or relating to any act, omission, transaction, cause or
thing that has happened through the date that Doyle signs this Agreement
including, without limitation, those related to Doyle’s employment by Company or
the termination thereof (“the Released Claims”).

     

    Without
limiting the generality of the foregoing, Doyle understands and agrees that this
Release is a release of any claim or cause of action for breach of any
employment, commission or other agreement existing between Doyle and Company,
including all subsidiaries of the Company (all of which agreements are hereby
acknowledged to have terminated), or otherwise related, in any way, to Doyle’s
employment by the Company or by any subsidiary of the Company.  Such
released claims include, for example, claims arising under any and all
applicable statutory employment laws, such as the Age Discrimination in
Employment Act; Title VII of the Civil Rights Act of 1964 (and all of its
amendments), the Americans with Disabilities Act of 1990, as amended; the
Anti-Retaliation provision of the Texas Workers Compensation Act; the Texas
Commission on Human Rights Act; the Sarbanes-Oxley Act; the Texas Pay Day Law;
the Texas Labor Code; the Family and Medical Leave Act; the National Labor
Relations Act; the Fair Credit Reporting Act; and any other state or federal
statute or regulation governing the employment relationship or Doyle’s rights,
or Company’s obligations thereunder.

     

    
      
         

      

      
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    Doyle
also releases any claims or causes of action for invasion of privacy,
intentional or negligent infliction of emotional distress, wrongful termination,
promissory estoppel, false imprisonment, defamation, negligence, gross
negligence, breach of contract, tortious interference with contract or business
relationship, misrepresentation, deceptive trade practices, fraud, and any other
employment-related claims, or for any personal injuries, however characterized,
or by virtue of any fact(s), act(s) or event(s) occurring prior to the Effective
Date of this Agreement.

     

    This
Agreement shall not constitute a waiver of employee’s right to initiate or
participate in proceedings before the Equal Employment Opportunity Commission,
or other similar entities in the United States, but shall constitute a waiver of
employee’s right to recover any monetary award, property or thing of value, as a
result of such proceedings.

     

    (b)           The Company’s Release of
Doyle.   In consideration of the promises and covenants
made herein, the Company does hereby RELEASE, ACQUIT AND FOREVER DISCHARGE Doyle
from any and all claims, demands, causes of action and liabilities of any kind
or character, that may as a matter of law be released by agreement, which the
Company ever had, now has or may hereafter have arising out of or relating to
any act, omission, transaction, cause or thing that has happened through the
date that Doyle signs this Agreement including, without limitation, those
related to Doyle’s employment by Company or the termination thereof (“the
Released Claims”).

     

    Without
limiting the generality of the foregoing, the Company understands and agrees
that this Release is a release of any claim or cause of action for breach of any
employment, commission or other agreement existing between Doyle and Company,
including all subsidiaries of the Company (all of which agreements are hereby
acknowledged to have terminated), or otherwise related, in any way, to Doyle’s
employment by the Company or by any subsidiary of the Company.  Such
released claims include, for example, claims arising under any and all
applicable statutory employment laws, such as the Age Discrimination in
Employment Act; Title VII of the Civil Rights Act of 1964 (and all of its
amendments), the Americans with Disabilities Act of 1990, as amended; the
Anti-Retaliation provision of the Texas Workers Compensation Act; the Texas
Commission on Human Rights Act; the Sarbanes-Oxley Act; the Texas Pay Day Law;
the Texas Labor Code; the Family and Medical Leave Act; the National Labor
Relations Act; the Fair Credit Reporting Act; and any other state or federal
statute or regulation governing the employment relationship or Doyle’s rights,
or Company’s obligations thereunder.

     

    The
Company also releases any claims or causes of action for invasion of privacy,
intentional or negligent infliction of emotional distress, wrongful termination,
promissory estoppel, false imprisonment, defamation, negligence, gross
negligence, breach of contract, tortious interference with contract or business
relationship, misrepresentation, deceptive trade practices, fraud, and any other
employment-related claims, or for any personal injuries, however characterized,
or by virtue of any fact(s), act(s) or event(s) occurring prior to the date of
Doyle’s signing of this Agreement.

     

    
      
         

      

      
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    4.           Time to Review and
Revoke.

     

    (a)         Doyle
may take up to twenty-one (21) calendar days from the date that he receives this
Agreement to decide whether to sign.  If Doyle signs the Agreement
before the end of that twenty-one (21) day period, he represents that he did so
voluntarily for his own benefit without pressure from the Company.  If
the Company does not receive a copy of this Agreement with Doyle’s original
signature by the end of the twenty-one day period, this offer shall be null and
void and Doyle shall not receive any Severance Payment under this
Agreement.

     

    (b)         After
Doyle signs this Agreement, he will have seven (7) calendar days in which to
revoke the Agreement by delivering written notice before the end of the
seven-day period.  If Doyle revokes this Agreement, this Agreement
will be null and void, and Doyle will not receive any Severance Payments under
this Agreement.  If Doyle does not revoke this Agreement within seven
(7) days after he signs it, this Agreement will be final and binding on the
eighth (8th) day
after Doyle signs it (“Effective Date”).

     

    5.           Return of
Property.  Doyle represents that Doyle has returned to Company
all Company property in Doyle’s possession, and Doyle acknowledges that Company
has returned to him all of his personal property in the possession of the
Company.  Company Property includes any equipment, computer and
related equipment, access cards, and, without any deletions or changes, all
documents, notes, calendars, manuals, books, notebooks, email and data that
Doyle created or received during his employment with the
Company.  Company Property also includes anything recorded in any way,
including without limitation handwritten, typed, electronic, digital, video,
audio or photographic.

     

    6.           Confidentiality and
Confidential Information.

     

    Except as
required by law:

     

    (a)         If
asked, Doyle will respond to any inquiries as to differences between Doyle and
any of the Released Parties with the comment that “any differences have been
resolved by mutual agreement.”  He will not disclose any other related
information except for information previously disclosed by the Company is press
releases or reports filed with the U.S. Securities and Exchange
Commission.

     

    (b)         Doyle
shall not use or disclose confidential or privileged information relating to the
Company, including without limitation, non-public information about the Company,
industry information that the Company holds as confidential and that is not
known to the Company’s competitors in the industry, information regarding any of
the Company’s clients (including without limitation the names and contact
information of all client contacts and client needs or specifications), any of
the Company’s current or future projects, marketing and advertising strategies
and/or plans, billing information, costing and price information, client lists,
any other special concepts, information or technique peculiar to the Company or
its clients, financial information, business plans, vendors, personnel
information (including employee names, home addresses, phone numbers,
compensation, or job descriptions or responsibilities) and trade
secrets (“Confidential
Information”). Doyle shall notify the Company’s President in writing by overnight delivery by a nationally
recognized courier service delivered within two business days of receiving
any summons, subpoena or other legal process requesting
Doyle to disclose any
Confidential Information.  Doyle shall not disclose any requested
Confidential Information until the last day Doyle can do so consistent with his legal obligations.

     

    
      
         

      

      
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    7.           Non-Competition.

     

    In
consideration for the valuable consideration described in this Agreement, Doyle
acknowledges and agrees that, unless a waiver or exception signed by the
Chairman of the Board is delivered to Doyle, for two years from the Effective
Date, Doyle will not, in the Market Area, as that term is defined below, engage
in the Same Or A Similar Business As The Company (as defined below), including
working for any company or business as an agent, consultant, partner, employee,
officer, or independent contractor of, or being a shareholder owning more than
one percent of the common stock of, or of any other class of equity security of,
or of any security convertible into more than one percent of the outstanding
securities of, a class of equity securities of, such other company involved in a
Same Or Similar  Business As The Company.

     

    The term
“Same Or A Similar Business As The Company” shall be defined as engineering
services, field services, work force training and development, other services
performed by Epic Integrated Solutions or management consulting, in each case,
with respect to the energy industry.

     

    The term
“Market Area” shall be defined as (a) the “lower” 48 states of the United States
of America (which is all states of the U.S. excluding Hawaii and Alaska), and
(b) the United Arab Emirates.

     

    8.           Non-Interference/Non-Solicitation. Doyle
agrees that for two years after the Effective Date, Doyle shall not solicit or
recruit, directly or by assisting others, any other employees of the Company,
nor shall Doyle contact or communicate with any other employees of the Company
for the purpose of inducing other employees to terminate their employment with
the Company.  For purposes of this covenant, “other employees” shall
refer to employees who are actively employed by, or doing business with, the
Company at the time of the attempted recruiting or hiring or have been actively
employed by, or doing business, with Company within three months prior to the
Termination Date.

     

    9.           Enforcement. Doyle
acknowledges and agrees that the agreements set forth above are ancillary to an
otherwise enforceable agreement and supported by independent, valuable
consideration as required by Tex. Bus. & Com. Code Ann.
§15.50.  Doyle further acknowledges and agrees that Doyle understands and agrees
that, in the event that Doyle violates Section 7, 8 or 9 in this Agreement, the
Company will suffer immediate and irreparable harm which cannot be accurately
calculated in monetary damages.  Consequently, Doyle acknowledges and
agrees that the Company shall be entitled to immediate injunctive relief, either
by temporary or permanent injunction without the necessity of posting bond, to
prevent such a violation.  Doyle acknowledges and agrees that this
injunctive relief shall be in addition to any other legal or equitable relief to
which the Company would be entitled, that the limitations as to time,
geographical area, and scope of activity to be restrained are reasonable and
acceptable to Doyle and do not impose any greater restraint than is reasonably
necessary to protect the goodwill and other business interests of the
Company.  Doyle further agrees that if, at some later date, a court of
competent jurisdiction determines that these Agreements do not meet the criteria
set forth in Tex. Bus. & Com. Code Ann. §15.50(2), these Agreements shall be
reformed by the court, pursuant to Tex. Bus. & Com. Code Ann. §15.51(c), and
enforced to the maximum extent permitted under Texas law.

     

    
      
         

      

      
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    10.           Cooperation.  Doyle
agrees to cooperate with the Company or any of its affiliates in responding to
any subpoenas and in pursuing or defending any claims or actions now in
existence or which may be brought in the future against or on behalf of the
Company, its members, subsidiaries or affiliates, which relate to events or
occurrences that transpired while Doyle was employed by the
Company.  Doyle’s reasonable cooperation in connection with such
claims or actions shall include, but not be limited to, being available to meet
with counsel to prepare for government inquiries, discovery or trial, acting as
a witness on behalf of the Company, and treating all communications with the
Company’s counsel as confidential.  Doyle also agrees to reasonably
cooperate with the Company in connection with any investigation, review or
hearing of any federal, state, or local government authority as any such
investigation, review or hearing relates to events or occurrences that happened
while Doyle was employed by the Company.  Doyle understands that in
any legal action, investigation, hearing, or review covered by this Section that
the Company expects Doyle to provide only accurate and truthful information or
testimony.  The Company will pay any expenses necessarily and
reasonably incurred by Doyle in complying with this Section, but will not pay
Doyle a fee for such service.

     

    11.           No Third-Party
Support.  Doyle agrees that Doyle will not counsel or assist
any attorneys or their clients in the presentation or prosecution of any
disputes, differences, grievances, claims, charges, or complaints by any third
party against the Company and/or any officer, director, employee, agent,
representative, shareholder or attorney of the Company, unless under a subpoena
or other court order to do so.

     

    12.           Other
Agreements.

     

    (a)           Doyle
will vote in favor of the Company’s nominees for directors at the next meeting
of stockholders and will not in any manner at any time for 24 months subsequent
to the Effective Date vote for, support or attempt to elect directors other than
those nominated by the Board;

     

    (b)           For
24 months subsequent to the Effective Date, Doyle will not, directly or
indirectly, and will not in cooperation with any other stockholder or
stockholders, (i) call or otherwise request a meeting of stockholders of the
Company, or (ii) exercise any right, or undertake any activity concerning the
Company to which a stockholder owning ten percent of the outstanding is
entitled, and to which stockholders owning less than ten percent are not
entitled, under the Colorado Business Corporation Act or under any other
applicable law or regulation, or (iii) exercise any right, or undertake any
activity concerning the Company to which a stockholder owning five percent of
the outstanding is entitled, and to which stockholders owning less than five
percent are not entitled, under the Colorado Business Corporation Act or under
any other applicable law or regulation.

     

    (c)           For
24 months subsequent to the Effective Date, Doyle will not discuss matters
related to the Company with holders of the Company’s securities (except for
members of Doyle’s family), including holders of debentures issued by the
Company, or with representatives or agents of those security
holders;

     

    
      
         

      

      
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    (d)           For
24 months subsequent to the Effective Date, Doyle will not discuss any matters
related to the Company with any employee of the Company except for the Chief
Executive Officer or another employee designated in writing by the Chief
Executive Officer.

     

    (e)           Doyle
will forfeit and cancel the grant to Doyle of 1,500,000 unvested shares approved
by the Board on December 4, 2008 (the “1.5M Unvested Shares”), and will forfeit
and cancel all the 1.5M Unvested Shares, which includes the cancelation and
forfeiture of the 300,000 of the 1.5M Unvested Shares that were granted to Doyle
in December of 2008;

     

    (f)           the
Company agrees that the termination of Doyle is without cause; and

     

    (g)           the
Company will cooperate with Doyle with respect to transactions requested by
Doyle pursuant to Rule 144 promulgated under the Securities Act of 1933,
provided that to the extent that a transaction requires that Doyle is not an
“affiliate” of the Company and Doyle beneficially and/or of record owns more
than five percent of the outstanding common stock of the Company at that time,
Doyle will provide a legal opinion from his legal counsel, which opinion and
counsel will be reasonably satisfactory to the Company, stating that Doyle is
not an affiliate of the Company.

     

    (h)           the
Company will pay Doyle $4153.85 as payment, on a pro rata basis, of the
quarterly cash fee for serving as a non-employee director from April 19, 2009
through the end of the quarter.  If this payment is made prior to
execution of this Agreement, it will not be paid again upon execution of this
Agreement.

     

    13.           Non-Disparagement by
Doyle.

     

    Except
for truthful statements made as legally required by a subpoena or legal summons,
Doyle agrees that:

     

    (a)           he
shall not make any statement about the Company or any of its employees,
directors, agents or representatives to any media outlet (including without
limitation any television, radio, newspaper, blogs, chat board, website or other
digital media); and

     

    (b)           he
shall not make any disparaging or derogatory statements to any person or entity
about the Company, or its parent or subsidiaries, or any of their directors,
officers, employees, agents or representatives.

     

    14.           Non-Disparagement By The
Company.  The Company represents to Doyle that it has no
intention to make disparaging or derogatory statements to any person or entity
about Doyle, except for truthful statements made as legally required by a
subpoena or legal summons.  The parties acknowledge that the Company
cannot control all statements made by all of its employees.

     

    
      
         

      

      
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    15.           Denial of
Liability.  Neither the execution of this Agreement, nor the
payment or performance of the consideration hereof shall constitute nor be
deemed to be an admission of liability on the part of any party, all of which is
expressly denied.

     

    16.           Acknowledgments.  Doyle
represents and acknowledges that in executing this Agreement, Doyle does not
rely and has not relied upon any representation or statement made by Company, or
its agents, representatives, or attorneys, with regard to the subject matter,
basis or effect of this Agreement or otherwise, and that Doyle has been given
the opportunity to engage and consult with an attorney of his choosing in the
negotiation and execution of this Agreement.

     

    17.           Governing Law and Forum
Selection.  This Agreement shall in all respects be
interpreted, enforced, and governed under the laws of the United States and the
State of Texas.  Further, any dispute arising under this Agreement
shall be resolved by litigation exclusively in Montgomery County,
Texas.

     

    18.           Savings
Clause.  Should any provision of this Agreement be declared to
be determined by any court to be illegal or invalid, the validity of the
remaining parts, terms, or provisions shall not be affected thereby and said
illegal or invalid part, term, or provision shall be deemed not to be a part of
this Agreement.

     

    19.           Entirety of
Agreement.  This Agreement sets forth the entire Agreement
between the parties hereto, and fully supersedes any and all prior agreements or
understandings between the parties hereto, pertaining to the subject matter
hereof.  This Agreement may only be changed in writing and when signed
by both Doyle and the Company.  No delay or omission by the Company in
exercising any right under this Agreement shall operate as a waiver of that or
any other right.

     

    20.           Binding
Effect.  This Agreement shall be binding upon, and inure to the
benefit of, the parties hereto and their successors and
assigns.  Doyle warrants and represents to Company that Doyle has not
conveyed nor assigned any interest in or to any of the claims described
herein.

     

    21.           Counterpart
Execution.  The parties agree that this Agreement may be
executed in multiple counterparts, each of which shall be deemed an original for
all purposes.

     

    22.           Interpretation and
Construction.  Each of the parties has had an adequate
opportunity to read and review, and to consider with its own counsel, the effect
of the language of this Agreement and has agreed to the use of the particular
language of this Agreement.  Any question of interpretation or
construction will not be resolved by any rule providing for interpretation or
construction against the party who causes the uncertainty to exist or against
the drafters of this Agreement.

     

    23.           Headings.  The
parties agree that the subject headings set forth at the beginning of each
section in this Agreement are provided for each of reference only, and shall not
be utilized for any purpose in connection with the construction, interpretation,
or enforcement of this Agreement.

     

    
      
         

      

      
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    24.           Notices.  All
notices, requests, demands, directions and other communications ("Notices")
concerning this Agreement, except for the Notice required by paragraph 6(b) of
this Agreement, shall be in writing and shall be mailed, delivered personally,
sent by telecopier or facsimile, or emailed to the applicable party at the
address of such party. When mailed, each such Notice shall be sent by first
class, certified mail, return receipt requested, enclosed in a postage prepaid
wrapper, and shall be effective on the fifth business day after it has been
deposited in the mail. When delivered personally, each such Notice shall be
effective when delivered to the address for the respective party, provided that
it is delivered on a business day and further provided that it is delivered
prior to 5:00 p.m., local time of the party to whom the notice is being
delivered, on that business day; otherwise, each such Notice shall be effective
on the first business day occurring after the date on which the Notice is
delivered. When sent by email, telecopier or facsimile, each such Notice shall
be effective on the day on which it is sent provided that it is sent on a
business day and further provided that it is sent prior to 5:00 p.m., local time
of the party to whom the Notice is being sent, on that business day; otherwise,
each such Notice sent by email, telecopier or facsimile shall be effective on
the first business day occurring after the date on which the Notice is sent.
Each Notice shall be addressed to the other party at its address as shown
immediately below, or to such other address as such party may designate in
writing from time to time to the other party:

     

    

    

    
      	
               
      

            	
              To
      Doyle:

            	
              To
      the Company:

            

    

    

    
      	
               
      

            	
              Rex
      P. Doyle            

            	
              Epic
      Energy Resources, Inc.

            

    

    
      	
               
      

            	
              30
      Fernglen Dr.          

            	
              1450
      Lake Robbins Dr., Suite 160

            

    

    
      	
               
      

            	
              The
      Woodlands, TX 77380   

            	
              The
      Woodlands, TX 77380

            

    

     

     

    IN
WITNESS WHEREOF, the parties are executing this Agreement in the designated
spaces below to set forth their respective agreements with the terms and
conditions of this Agreement.

     

     

    
      
        
          	
                  EPIC
      ENERGY RESOURCES, INC.

                	
                  REX
      P. DOYLE

                
	 
      	 
      
	 
      	 
      
	
                  By:/s/ Alan G. Carnrite        

                	
                  /s/Rex
      P. Doyle          

                
	
                  Printed
      Name:  Alan G.
      Carnrite  
      

                	
                  Date:
      6/22/09            

                
	
                  Title:  Chairman
      of the Board     

                	 
      
	
                  Date:  6/24/09              

                	 
      
	                     	 
      

        

      

    

     

    
      
         

      

      
        8Unassociated Document

    Exhibit
4.1

     

    EGPI
FIRECREEK, INC.

    NON-EMPLOYEE
CONSULTANTS RETAINER STOCK PLAN

    FOR
THE YEAR 2009

    

    1.           Introduction.  This
Plan shall be known as the “EGPI Firecreek, Inc. Non-Employee Consultants
Retainer Stock Plan for the Year 2009” and is hereinafter referred to as the
“Plan.”  The purposes of this Plan are to enable EGPI Firecreek, Inc.,
a Nevada corporation (the “Company”), to promote the interests of the Company
and its stockholders by attracting and retaining non-employee Consultants
capable of furthering the future success of the Company and by aligning their
economic interests more closely with those of the Company’s stockholders, by
paying their retainer or fees in the form of shares of the Company’s common
stock, par value $0.001 per share (the “Common Stock”).

     

    2.           Definitions.  The
following terms shall have the meanings set forth below:

     

    “Board”
means the Board of Directors of the Company.

     

    “Change
of Control” has the meaning set forth in Paragraph 12(d) hereof.

     

    “Code”
means the Internal Revenue Code of 1986, as amended, and the rules and
regulations thereunder.  References to any provision of the Code or
rule or regulation thereunder shall be deemed to include any amended or
successor provision, rule or regulation.

     

    “Committee”
means the committee that administers this Plan, as more fully defined in
Paragraph 13 hereof.

     

    “Common
Stock” has the meaning set forth in Paragraph 1 hereof.

     

    “Company”
has the meaning set forth in Paragraph 1 hereof.

     

    “Consultants”
means the Company’s consultants and advisors only if: (i) they are natural
persons; (ii) they provide bona fide services to the Company; and (iii) the
services are not in connection with the offer or sale of securities in a
capital-raising transaction, and do not directly or indirectly promote or
maintain a market for the Company’s securities.

     

    “Deferral
Election” has the meaning set forth in Paragraph 6 hereof.

     

    “Deferred
Stock Account” means a bookkeeping account maintained by the Company for a
Participant representing the Participant’s interest in the shares credited to
such Deferred Stock Account pursuant to Paragraph 7 hereof.

     

    “Delivery
Date” has the meaning set forth in Paragraph 6 hereof.

     

    “Director”
means an individual who is a member of the Board of Directors of the
Company.

     

    “Dividend
Equivalent” for a given dividend or other distribution means a number of shares
of the Common Stock having a Fair Market Value, as of the record date for such
dividend or distribution, equal to the amount of cash, plus the Fair Market
Value on the date of distribution of any property, that is distributed with
respect to one share of the Common Stock pursuant to such dividend or
distribution; such Fair Market Value to be determined by the Committee in good
faith.

     

    “Effective
Date” has the meaning set forth in Paragraph 3 hereof.

     

    “Exchange
Act” has the meaning set forth in Paragraph 12(d) hereof.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

       

    

    “Fair
Market Value” means the mean between the highest and lowest reported sales
prices of the Common Stock on the New York Stock Exchange Composite Tape or, if
not listed on such exchange, on any other national securities exchange on which
the Common Stock is listed or on The Nasdaq Stock Market, or, if not so listed
on any other national securities exchange or The Nasdaq Stock Market, then the
average of the bid price of the Common Stock during the last five trading days
on the OTC Bulletin Board immediately preceding the last trading day prior to
the date with respect to which the Fair Market Value is to be
determined.  If the Common Stock is not then publicly traded, then the
Fair Market Value of the Common Stock shall be the book value of the Company per
share as determined on the last day of March, June, September, or December in
any year closest to the date when the determination is to be
made.  For the purpose of determining book value hereunder, book value
shall be determined by adding as of the applicable date called for herein the
capital, surplus, and undivided profits of the Company, and after having
deducted any reserves theretofore established; the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and the quotient thus obtained shall represent the book value of each share of
the Common Stock of the Company.

     

    “Participant”
has the meaning set forth in Paragraph 4 hereof.

     

    “Payment
Time” means the time when a Stock Retainer is payable to a Participant pursuant
to Paragraph 5 hereof (without regard to the effect of any Deferral
Election).

     

    “Stock
Retainer” has the meaning set forth in Paragraph 5 hereof.

     

    “Third
Anniversary” has the meaning set forth in Paragraph 6 hereof.

     

    3.           Effective Date of the
Plan.  This Plan was adopted by the Board effective June 29,
2009 (the “Effective Date”).

     

    4.           Eligibility.  Each
individual who is a Consultant on the Effective Date and each individual who
becomes a Consultant thereafter during the term of this Plan shall be a
participant (the “Participant”) in this Plan, in each case during such period as
such individual remains a Consultant and is not an employee of the Company or
any of its subsidiaries.  Each credit of shares of the Common Stock
pursuant to this Plan shall be evidenced by a written agreement duly executed
and delivered by or on behalf of the Company and a Participant, if such an
agreement is required by the Company to assure compliance with all applicable
laws and regulations.

     

    5.           Grants of
Shares.  Commencing on the Effective Date, the amount of
compensation for service to consultants shall be payable in shares of the Common
Stock (the “Stock Retainer”) pursuant to this Plan.  The deemed
issuance price of shares of the Common Stock subject to each Stock Retainer
shall not be less than 85 percent of the Fair Market Value of the Common Stock
on the date of the grant.  In the case of any person who owns
securities possessing more than ten percent of the combined voting power of all
classes of securities of the issuer or its parent or subsidiaries possessing
voting power, the deemed issuance price of shares of the Common Stock subject to
each Stock Retainer shall be at least 100 percent of the Fair Market Value of
the Common Stock on the date of the grant.

     

    6.           Deferral
Option.  From and after the Effective Date, a Participant may
make an election (a “Deferral Election”) on an annual basis to defer delivery of
the Stock Retainer specifying which one of the following ways the Stock Retainer
is to be delivered (a) on the date which is three years after the Effective Date
for which it was originally payable (the “Third Anniversary”), (b) on the date
upon which the Participant ceases to be a Consultant for any reason (the
“Departure Date”) or (c) in five equal annual installments commencing on the
Departure Date (the “Third Anniversary” and “Departure Date” each being referred
to herein as a “Delivery Date”).  Such Deferral Election shall remain
in effect for each Subsequent Year unless changed, provided that, any Deferral
Election with respect to a particular Year may not be changed less than six
months prior to the beginning of such Year, and provided, further, that no more
than one Deferral Election or change thereof may be made in any
Year.

     

    Any
Deferral Election and any change or revocation thereof shall be made by
delivering written notice thereof to the Committee no later than six months
prior to the beginning of the Year in which it is to be effected; provided that,
with respect to the Year beginning on the Effective Date, any Deferral Election
or revocation thereof must be delivered no later than the close of business on
the 30th day after the Effective Date.

     

    
      
         

      

      
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    7.           Deferred Stock
Accounts.  The Company shall maintain a Deferred Stock Account
for each Participant who makes a Deferral Election to which shall be credited,
as of the applicable Payment Time, the number of shares of the Common Stock
payable pursuant to the Stock Retainer to which the Deferral Election
relates.  So long as any amounts in such Deferred Stock Account have
not been delivered to the Participant under Paragraph 8 hereof, each Deferred
Stock Account shall be credited as of the payment date for any dividend paid or
other distribution made with respect to the Common Stock, with a number of
shares of the Common Stock equal to (a) the number of shares of the Common Stock
shown in such Deferred Stock Account on the record date for such dividend or
distribution multiplied by (b) the Dividend Equivalent for such dividend or
distribution.

     

    8.           Delivery of
Shares.

     

    (a)           The
shares of the Common Stock in a Participant’s Deferred Stock Account with
respect to any Stock Retainer for which a Deferral Election has been made
(together with dividends attributable to such shares credited to such Deferred
Stock Account) shall be delivered in accordance with this Paragraph 8 as soon as
practicable after the applicable Delivery Date.  Except with respect
to a Deferral Election pursuant to Paragraph 6 hereof, or other agreement
between the parties, such shares shall be delivered at one time; provided that,
if the number of shares so delivered includes a fractional share, such number
shall be rounded to the nearest whole number of shares.  If the
Participant has in effect a Deferral Election pursuant to Paragraph 6 hereof,
then such shares shall be delivered in five equal annual installments (together
with dividends attributable to such shares credited to such Deferred Stock
Account), with the first such installment being delivered on the first
anniversary of the Delivery Date; provided that, if in order to equalize such
installments, fractional shares would have to be delivered, such installments
shall be adjusted by rounding to the nearest whole share.  If any such
shares are to be delivered after the Participant has died or become legally
incompetent, they shall be delivered to the Participant’s estate or legal
guardian, as the case may be, in accordance with the foregoing; provided that,
if the Participant dies with a Deferral Election pursuant to Paragraph 6 hereof
in effect, the Committee shall deliver all remaining undelivered shares to the
Participant’s estate immediately.  References to a Participant in this
Plan shall be deemed to refer to the Participant’s estate or legal guardian,
where appropriate.

     

    (b)           The
Company may, but shall not be required to, create a grantor trust or utilize an
existing grantor trust (in either case, the “Trust”) to assist it in
accumulating the shares of the Common Stock needed to fulfill its obligations
under this Paragraph 8.  However, Participants shall have no
beneficial or other interest in the Trust and the assets thereof, and their
rights under this Plan shall be as general creditors of the Company, unaffected
by the existence or nonexistence of the Trust, except that deliveries of Stock
Retainers to Participants from the Trust shall, to the extent thereof, be
treated as satisfying the Company’s obligations under this Paragraph
8.

     

    9.           Share Certificates; Voting
and Other Rights.  The certificates for shares delivered to a
Participant pursuant to Paragraph 8 above shall be issued in the name of the
Participant, and from and after the date of such issuance the Participant shall
be entitled to all rights of a stockholder with respect to the Common Stock for
all such shares issued in his name, including the right to vote the shares, and
the Participant shall receive all dividends and other distributions paid or made
with respect thereto.

     

    10.           General
Restrictions.

     

    (a)           Notwithstanding
any other provision of this Plan or agreements made pursuant thereto, the
Company shall not be required to issue or deliver any certificate or
certificates for shares of the Common Stock under this Plan prior to fulfillment
of all of the following conditions:

     

    (i)           Listing
or approval for listing upon official notice of issuance of such shares on the
New York Stock Exchange, Inc., or such other securities exchange as may at the
time be a market for the Common Stock;

     

    
      
         

      

      
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    (ii)           Any
registration or other qualification of such shares under any state or federal
law or regulation, or the maintaining in effect of any such registration or
other qualification which the Committee shall, upon the advice of counsel, deem
necessary or advisable; and

     

    (iii)           Obtaining
any other consent, approval, or permit from any state or federal governmental
agency which the Committee shall, after receiving the advice of counsel,
determine to be necessary or advisable.

     

    (b)           Nothing
contained in this Plan shall prevent the Company from adopting other or
additional compensation arrangements for the Participants.

     

    11.           Shares
Available.  Subject to Paragraph 12 below, the maximum number
of shares of the Common Stock which may in the aggregate be paid as Stock
Retainers pursuant to this Plan is 10,000,000.  Shares of the Common
Stock issuable under this Plan may be taken from treasury shares of the Company
or purchased on the open market.

     

    12.           Adjustments; Change of
Control.

     

    (a)           In
the event that there is, at any time after the Board adopts this Plan, any
change in corporate capitalization, such as a stock split, combination of
shares, exchange of shares, warrants or rights offering to purchase the Common
Stock at a price below its Fair Market Value, reclassification, or
recapitalization, or a corporate transaction, such as any merger, consolidation,
separation, including a spin-off, stock dividend, or other extraordinary
distribution of stock or property of the Company, any reorganization (whether or
not such reorganization comes within the definition of such term in Section 368
of the Code) or any partial or complete liquidation of the Company (each of the
foregoing a “Transaction”), in each case other than any such Transaction which
constitutes a Change of Control (as defined below), (i) the Deferred Stock
Accounts shall be credited with the amount and kind of shares or other property
which would have been received by a holder of the number of shares of the Common
Stock held in such Deferred Stock Account had such shares of the Common Stock
been outstanding as of the effectiveness of any such Transaction, (ii) the
number and kind of shares or other property subject to this Plan shall likewise
be appropriately adjusted to reflect the effectiveness of any such Transaction,
and (iii) the Committee shall appropriately adjust any other relevant provisions
of this Plan and any such modification by the Committee shall be binding and
conclusive on all persons.

     

    (b)           If
the shares of the Common Stock credited to the Deferred Stock Accounts are
converted pursuant to Paragraph 12(a) into another form of property, references
in this Plan to the Common Stock shall be deemed, where appropriate, to refer to
such other form of property, with such other modifications as may be required
for this Plan to operate in accordance with its purposes.  Without
limiting the generality of the foregoing, references to delivery of certificates
for shares of the Common Stock shall be deemed to refer to delivery of cash and
the incidents of ownership of any other property held in the Deferred Stock
Accounts.

     

    (c)           In
lieu of the adjustment contemplated by Paragraph 12(a), in the event of a Change
of Control, the following shall occur on the date of the Change of Control (i)
the shares of the Common Stock held in each Participant’s Deferred Stock Account
shall be deemed to be issued and outstanding as of the Change of Control; (ii)
the Company shall forthwith deliver to each Participant who has a Deferred Stock
Account all of the shares of the Common Stock or any other property held in such
Participant’s Deferred Stock Account; and (iii) this Plan shall be
terminated.

     

    (d)           For
purposes of this Plan, Change of Control shall mean any of the following
events:

     

    (i)           The
acquisition by any individual, entity or group (within the meaning of Section
13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)) (a “Person”) of beneficial ownership (within the meaning of
Rule 13d-3 promulgated under the Exchange Act) of 80 percent or more of either
(1) the then outstanding shares of the Common Stock of the Company (the
“Outstanding Company Common Stock”), or (2) the combined voting power of then
outstanding voting securities of the Company entitled to vote generally in the
election of directors (the “Outstanding Company Voting Securities”); provided,
however, that the following acquisitions shall not constitute a Change of
Control (A) any acquisition directly from the Company (excluding an acquisition
by virtue of the exercise of a conversion privilege unless the security being so
converted was itself acquired directly from the Company), (B) any acquisition by
the Company, (C) any acquisition by any employee benefit plan (or related trust)
sponsored or maintained by the Company or any corporation controlled by the
Company or (D) any acquisition by any corporation pursuant to a reorganization,
merger or consolidation, if, following such reorganization, merger or
consolidation, the conditions described in clauses (A), (B) and (C) of paragraph
(iii) of this Paragraph 12(d) are satisfied; or

     

    
      
         

      

      
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    (ii)           Individuals
who, as of the date hereof, constitute the Board of the Company (as of the date
hereof, “Incumbent Board”) cease for any reason to constitute at least a
majority of the Board; provided, however, that any individual becoming a
director subsequent to the date hereof whose election, or nomination for
election by the Company’s stockholders, was approved by a vote of at least a
majority of the directors then comprising the Incumbent Board shall be
considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of
office occurs as a result of either an actual or threatened election contest (as
such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act) or other actual or threatened solicitation of proxies or consents
by or on behalf of a Person other than the Board; or

     

    (iii)           Approval
by the stockholders of the Company of a reorganization, merger, binding share
exchange or consolidation, unless, following such reorganization, merger,
binding share exchange or consolidation (A) more than 60 percent of,
respectively, then outstanding shares of common stock of the corporation
resulting from such reorganization, merger, binding share exchange or
consolidation and the combined voting power of then outstanding voting
securities of such corporation entitled to vote generally in the election of
directors is then beneficially owned, directly or indirectly, by all or
substantially all of the individuals and entities who were the beneficial
owners, respectively, of the Outstanding Company Common Stock and Outstanding
Company Voting Securities immediately prior to such reorganization, merger,
binding share exchange or consolidation in substantially the same proportions as
their ownership, immediately prior to such reorganization, merger, binding share
exchange or consolidation, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities, as the case may be, (B) no Person
(excluding the Company, any employee benefit plan (or related trust) of the
Company or such corporation resulting from such reorganization, merger, binding
share exchange or consolidation and any Person beneficially owning, immediately
prior to such reorganization, merger, binding share exchange or consolidation,
directly or indirectly, 20 percent or more of the Outstanding Company Common
Stock or Outstanding Company Voting Securities, as the case may be) beneficially
owns, directly or indirectly, 20 percent or more of, respectively, then
outstanding shares of common stock of the corporation resulting from such
reorganization, merger, binding share exchange or consolidation or the combined
voting power of then outstanding voting securities of such corporation entitled
to vote generally in the election of directors, and (C) at least a majority of
the members of the board of directors of the corporation resulting from such
reorganization, merger, binding share exchange or consolidation were members of
the Incumbent Board at the time of the execution of the initial agreement
providing for such reorganization, merger, binding share exchange or
consolidation; or

     

    (iv)           Approval
by the stockholders of the Company of (1) a complete liquidation or dissolution
of the Company, or (2) the sale or other disposition of all or substantially all
of the assets of the Company, other than to a corporation, with respect to which
following such sale or other disposition, (A) more than 60 percent of,
respectively, then outstanding shares of common stock of such corporation and
the combined voting power of then outstanding voting securities of such
corporation entitled to vote generally in the election of directors is then
beneficially owned, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners, respectively, of the
Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such sale or other disposition in substantially the same
proportion as their ownership, immediately prior to such sale or other
disposition, of the Outstanding Company Common Stock and Outstanding Company
Voting Securities, as the case may be, (B) no Person (excluding the Company and
any employee benefit plan (or related trust) of the Company or such corporation
and any Person beneficially owning, immediately prior to such sale or other
disposition, directly or indirectly, 20 percent or more of the Outstanding
Company Common Stock or Outstanding Company Voting Securities, as the case may
be) beneficially owns, directly or indirectly, 20 percent or more of,
respectively, then outstanding shares of common stock of such corporation and
the combined voting power of then outstanding voting securities of such
corporation entitled to vote generally in the election of directors, and (C) at
least a majority of the members of the board of directors of such corporation
were members of the Incumbent Board at the time of the execution of the initial
agreement or action of the Board providing for such sale or other disposition of
assets of the Company.

     

    
      
         

      

      
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    13.           Administration; Amendment
and Termination.

     

    (a)           The
Plan shall be administered by the Compensation Committee (the “Committee”) of,
or appointed by, the Board of Directors of the Company (the
“Board”).  The Committee shall select one of its members as Chairman
and shall act by vote of a majority of a quorum, or by unanimous written
consent.  A majority of its members shall constitute a
quorum.  The Committee shall be governed by the provisions of the
Company’s Bylaws and of Nevada law applicable to the Board, except as otherwise
provided herein or determined by the Board.  The Committee shall have
full and complete authority, in its discretion, but subject to the express
provisions of this Plan to administer all aspects of the Plan.  All
interpretations and constructions of this Plan by the Committee, and all of its
actions hereunder, shall be binding and conclusive on all persons for all
purposes.

     

    (b)           The
Board may from time to time make such amendments to this Plan, including to
preserve or come within any exemption from liability under Section 16(b) of the
Exchange Act, as it may deem proper and in the best interest of the Company
without further approval of the Company’s stockholders, provided that, to the
extent required under Nevada law or to qualify transactions under this Plan for
exemption under Rule 16b-3 promulgated under the Exchange Act, no amendment to
this Plan shall be adopted without further approval of the Company’s
stockholders and, provided, further, that if and to the extent required for this
Plan to comply with Rule 16b-3 promulgated under the Exchange Act, no amendment
to this Plan shall be made more than once in any six month period that would
change the amount, price or timing of the grants of the Common Stock hereunder
other than to comport with changes in the Code, the Employee Retirement Income
Security Act of 1974, as amended, or the regulations thereunder.  The
Board may terminate this Plan at any time by a vote of a majority of the members
thereof.

     

    14.           Term of
Plan.  No shares of the Common Stock shall be issued, unless
and until the Directors of the Company have approved this Plan and all other
legal requirements have been met.  This Plan was adopted by the Board
effective June 29, 2009, and shall expire on June 29, 2019.

     

    15.           Governing
Law.  This Plan and all actions taken thereunder shall be
governed by, and construed in accordance with, the laws of the State of
Nevada.

     

    16.           Information to
Shareholders.  The Company shall furnish to each of its
stockholders financial statements of the Company at least annually.

     

    17.           Miscellaneous.

     

    (a)           Nothing
in this Plan shall be deemed to create any obligation on the part of the Board
to nominate any Director for reelection by the Company’s stockholders or to
limit the rights of the stockholders to remove any Director.

     

    (b)           The
Company shall have the right to require, prior to the issuance or delivery of
any shares of the Common Stock pursuant to this Plan, that a Participant make
arrangements satisfactory to the Committee for the withholding of any taxes
required by law to be withheld with respect to the issuance or delivery of such
shares, including, without limitation, by the withholding of shares that would
otherwise be so issued or delivered, by withholding from any other payment due
to the Participant, or by a cash payment to the Company by the
Participant.

     

    
      
         

      

      
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    IN
WITNESS WHEREOF, this Plan has been executed effective as of June 29,
2009.

     

    
      
        	 	EGPI
      FIRECREEK, INC.	 
	 	 	 	 
	
                 

              	
                By:
      

              	/s/
      Dennis R. Alexander	 
	 	 	Dennis
      R. Alexander, Chief Executive Officer

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