Document:

Unassociated Document

    
      Exhibit
        10.8

       

      EMPLOYMENT
        AGREEMENT

      

      This
        EMPLOYMENT AGREEMENT (the "Agreement"),
        entered
        into on July 27, 2006 and made effective as of February 14, 2006 (the
"Effective
        Date")
        by and
        among Standard Drilling, Inc. (referred to as "STANDARD"
        or the
"Company")
        and
        Edward L. Moses ("Executive");

       

      W
        I T N E S S E T H:

      

      WHEREAS,
        the Company desires to retain the services of the Executive, and the Executive
        is willing to provide such services to the Company, all upon the terms and
        conditions set forth herein;

       

      NOW
        THEREFORE, in consideration of the premises, the terms and provisions set
        forth
        herein, the mutual benefits to be gained by the performance thereof and other
        good and valuable consideration, the receipt and sufficiency of which are
        hereby
        acknowledged, the parties hereto agree as follows:

       

      SECTION
        1.
Employment.
        The
        Company hereby employs the Executive, and the Executive hereby accepts such
        employment, all upon the terms and conditions set forth herein. 

       

      SECTION
        2.
Term.
        Unless
        sooner terminated pursuant to Section 5 of this Agreement, the Executive
        shall
        be employed for a term commencing on the Effective Date and ending on the
        third
        anniversary of the Effective Date (the "Term");
        provided, however, that the Term shall automatically be extended on a daily
        basis for an additional day such that, at all times, the remaining Term shall
        be
        three years. Notwithstanding any other provision of this Agreement to the
        contrary, this Agreement may be terminated by Company upon written notice,
        in
        which case the Agreement will terminate upon the expiration of the three-year
        Term.

       

      SECTION
        3.
Duties
        and Responsibilities.

       

      A.
        Capacity.
        The
        Executive shall serve in the capacity of President and COO of
        STANDARD.
        During
        the term of this Agreement, as President and COO of the Company, Executive
        will
        have
        supervisory responsibility for
        all
        operations of the Company and
        such
        duties normally
        incident to that position
        as the
        Board of Directors of Standard
        (the "Board") may reasonably prescribe. 

       

      B.
        Duties.
        The
        Executive shall
        devote such
        of
his
        business
        time, attention and energies to the business of the Company as
        are
        reasonably necessary to perform his duties under this Agreement. Such duties
        shall be performed at the headquarters of the Company in Houston, Texas and
        at
        such other places as the Board may reasonably require without necessitating
        any
        change in Executive's place of residence. The
        Executive
        shall not
        be engaged in any other business activity, whether or not pursued for gain,
        profit or other pecuniary advantage, which would impair his ability to fulfill
        his duties to the Company under this Agreement, without the prior written
        consent of the Board.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      SECTION
        4.
Compensation.

       

      A.
        Base
        Salary.
        The
        Company shall pay the Executive a salary (the "Base
        Salary")
        of U.S.
        $200,000 per annum. The Base Salary shall be payable no
        less
        often than monthly in
        accordance with the general payroll practices of the Company in effect from
        time
        to time. The Company shall review the Base Salary then being paid to the
        Executive at such times as the Company regularly reviews the compensation
        paid
        to employees. Upon completion of such review, the Company in its sole discretion
        may increase or maintain (but
        not
        reduce) the
        Executive's
        then
        current Base Salary, and any increased salary shall be the "Base
        Salary"
        for all
        purposes under this Agreement. Notwithstanding the above, the Base Salary
        shall
        be increased to $380,000 upon the third anniversary
        date from the Effective
        Date
        of this
Agreement.

       

      B.
        Stock
        Options. The
        Company shall grant the Executive non-qualified options in Standard’s 2006
        Option Plan to purchase 1,250,000 non-qualified options to purchase the
        Company's
        stock at
        $.07 per share. Such options shall be for a term commencing on July 27, 2006
        and
        this Option shall be exercisable Subject to the earlier expiration of this
        Option as herein provided, this Option may be exercised, by written notice
        to
        the Company at its principal executive office addressed to the attention
        of its
        Corporate Secretary (or such other officer or Executive of the Company as
        the
        Company may designate from time to time), at any time and from time to time
        after the date of grant hereof. Any common stock so issued shall bear a legend
        indicating it must be forfeited back to the company if the closing price
        of our
        common stock on any exchange on which the common stock of Standard Drilling,
        Inc. is traded or quoted fails to equal or exceed $2.50 for 10 trading days.
        Prior
        to
        January 25, 2008, no legend will be required if the restriction has been
        satisfied prior to the issuance of the common stock subject to the option.
        This
        Option
        shall
        survive the
        Executive’s
        termination date.
        This
        Option shall not be exercisable in any event after the expiration of 1.5
        years
        from the date of grant hereof, January 25, 2008.

       

      C.
        Car
        Allowance.
        As our
        business will be conducted from various venues and in lieu of the provision
        of
        Company owned equipment, the Company will reimburse you as an
        expense 
        a monthly
        sum 
        of
        $1,000.

       

      D.
        Bonus.
        The
        Executive shall be eligible, in the sole discretion of the Board, to be
        considered for a bonus following each fiscal year
        ending during the Term based upon the Executive's
        performance and the operating results of the Company and their affiliates
        during
        such year in relation to performance targets established by the Board.
        Determination of the bonus amount shall take into account such unusual or
        nonrecurring items as the Chief Executive Officer of STANDARD and/or
        the
        Board deem appropriate. 

       

      E.
        Benefits.
        If and
        to the extent that the Company maintains employee benefit plans (including,
        but
        not limited to, pension, profit sharing, disability, accident, medical, life
        insurance and hospitalization plans), the Executive shall be entitled to
        participate therein in accordance with the terms of such plans and the
        Company's
        regular
        practices with respect to its employees. In addition, the Company promises
        to
        provide reasonable health and dental insurance for the Executive and his
        family,
        including $500,000 in life insurance. 

       

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      F.
        Expenses.
        The
        Executive shall be entitled to reimbursement from the Company for reasonable
        out-of-pocket expenses incurred by him in the course of the performance of
        his
        duties, hereunder, including all reasonable commuting and communication costs,
        upon the submission of appropriate documentation. 

       

      G.
        Vacation.
        The
        Executive shall be entitled to five weeks
        of
        paid vacation per calendar year, which, if not taken, may be carried forward
        to
        any subsequent year, except in accordance with Company policy applicable
        to the
        Company's
        employees generally. The Executive shall also be entitled to such holidays
        and,
        subject to the provisions of Section 5, other paid or unpaid leaves of absence
        as are consistent with the Company's
        normal
        policies. 

       

      SECTION
        5.
Termination
        of Employment.

       

      Notwithstanding
        the provisions of Section 2, the Executive's
        employment hereunder shall terminate under any of the following
        conditions:

       

      A.
        Death.
        The
        Executive's
        employment under this Agreement shall terminate automatically upon his
        death.

       

      B.
        Disability.
        The
        Executive's employment under this Agreement shall terminate automatically
        upon
        his Disability. For purposes of this Agreement, "Disability"
        means
        permanent and total disability (within the meaning of section 22(e) (3) of
        the
        Internal Revenue Code of 1986, as amended, or any successor provision) which
        has
        existed for at least 180 consecutive days.

       

      C.
        Termination
        by the Company Without Cause
        or by
        Executive for Good Reason.
        The
        Company may terminate the Executive's
        employment hereunder without "Cause"
        (as
        hereinafter defined) on three months written
        notice by the Company
        to the
        Executive, and the Executive may terminate his employment for "Good Reason"
        (as
        hereinafter defined) as set forth in Section 5(E) below. Such terminations
        will
        cause
        the
        automatic vesting of any
        stock
        options, restricted stock and any other incentive compensation awarded to
        Executive not previously vested.

       

      D.
        Termination
        by the Company for Cause.
        The
        Executive's
        employment hereunder may be terminated for Cause upon written notice by the
        Company. For purposes of this Agreement, "Cause"
        shall
        mean (i) the willful and continued failure by the Executive to substantially
        perform his obligations under this Agreement (other than such failure resulting
        from his Disability) after a demand for substantial performance has been
        delivered to him by the Board which specifically identifies the manner in
        which
        the Board believes the Executive has not substantially performed such provisions
        and the Executive has failed to remedy the situation three months after such
        demand; (ii) the Executive's willfully engaging in conduct materially and
        demonstrably injurious to the property or business of the Company, including
        without limitation, fraud, misappropriation of funds or other property of
        the
        Company, other willful misconduct, gross negligence or conviction of a felony
        or
        any crime of moral turpitude; or (iii) the Executive's material breach of
        this
        Agreement which breach has not been remedied by the Executive within three
        months after the receipt by the Executive of written notice from the Company
        that the Executive is in material breach of this Agreement, specifying the
        particulars of such breach.

       

      
        
           

        

        
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      For
        purposes of this Agreement, no act, or failure to act, on the part of the
        Executive shall be deemed "willful"
        or
        engaged in "willfully"
        if it
(i)
        was
        due
        primarily to an error in judgment or negligence, but shall be deemed
"willful"
        or engaged in "willfully"
        only if
        done, or omitted to be done, by the Executive not in good faith and without
        reasonable belief that his action or omission was in the best interest of
        the
        Company,
        (ii) was
        approved in advance by the Chief Executive Officer or the Board, or (iii)
        was
        done or omitted in accordance with the terms of the applicable Company policy
        then in effect.
        Notwithstanding the foregoing, the Executive shall not be deemed to have
        been
        terminated as a result of "Cause"
        hereunder
        unless and until there shall have been delivered to the Executive a copy
        of a
        resolution duly adopted by the affirmative vote of not less than three-quarters
        of the Board then in office at a meeting of the Board called and held for
        such
        purpose (after reasonable notice to the Executive and an opportunity for
        the
        Executive, together with his counsel, to be heard before the Board), finding
        that, in the good faith opinion of the Board, the Executive has committed
        an act
        set forth above in this Section 5(D) and specifying the particulars thereof
        in
        detail. Nothing herein shall limit the right of the Executive or his legal
        representative to contest the validity or propriety of any such
        determination.

       

      E.
        Termination
        by the Executive for Good Reason.
        The
        Executive may terminate his employment hereunder for "Good
        Reason."
        For
        purposes of this Agreement, "Good
        Reason"
        for
        termination shall mean any of the following (which occur without the
        Executive's
        prior
        written consent):

       

      (1)
        a
        decrease
        in the Executive's
        Base
        Salary;

       

      (2)
        a
        materially adverse diminution of the overall level of responsibilities of
        the
        Executive;

       

      (3)
        a
        material
        breach by the Company of any term or provision of this Agreement;

       

      (4)
        after
        a
        Change of Control (as defined in Section 7(B)) and during the Effective Period
        (as defined in Section 7(C)), (a) the failure of the Company to continue
        in
        effect any benefit or compensation plan (including, but not limited to, any
        bonus, incentive, retirement, supplemental executive retirement, savings,
        profit
        sharing, pension, performance, stock option, stock purchase, deferred
        compensation, life insurance, medical, dental, health, hospital, accident
        or
        disability plans) in which the Executive is participating at the time of
        such
        Change of Control (or plans providing to the Executive, in the aggregate,
        substantially similar benefits as the benefits enjoyed by the Executive under
        the benefit and compensation plans in which the Executive is participating
        at
        the time of such Change of Control), or (b) the taking of any action by the
        Company that would adversely affect the Executive's participation in or
        materially reduce the Executive's benefits under any of such plans or deprive
        the Executive of any material fringe benefit enjoyed by the Executive at
        the
        time of such Change in Control;

       

      
        
           

        

        
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      (5)
        any
        personal reason that the Compensation Committee of the Board in its discretion
        determines shall constitute Good Reason.

       

      However,
        that no event or condition described in clauses (1) - (4) of this Section
        5(E)
        shall constitute Good Reason unless (a) the Executive gives the Company written
        notice of his objection to such event or condition within 90 days after the
        Executive learns of such event, (b) such event or condition is not corrected
        by
        the Company within 10 days of its receipt of such notice and (c) the Executive
        voluntarily resigns his employment with the Company and its affiliates not
        more
        than 60 days following the expiration of the 10-day period described in the
        foregoing clause (b).

       

      F.
        Voluntary
        Termination by the Executive.
        The
        Executive may terminate his employment hereunder at any time for reason other
        than Good Reason on 30 days
        written notice to the Company.

       

      SECTION
        6.
Payments
        Upon Termination.

       

      A.
        Upon
        termination of the Executive's
        employment hereunder, the Company shall be obligated to pay and the Executive
        shall be entitled to receive, on the pay date for the pay period in which
        the
        termination occurs, all accrued and unpaid Base Salary
        and
        bonus
        to the
        date of termination. In addition, the Executive shall be entitled to any
        benefits to which he is entitled under the terms of any applicable employee
        benefit plan or program or applicable law.

       

      B.
        Except
        as
        provided in Section 7(A), upon termination of the Executive's
        employment by the Company without Cause or by the Executive due to Good Reason,
        in addition to the amount set forth in Section 6(A), the Company shall be
        obligated to pay, and the Executive shall be entitled to receive, (i) Base
        Salary
        and
        bonus
        for a
        period of three years and (ii) continued medical and dental benefits for
        a
        period of three years at no cost to the Executive. The Company may cease
        all
        payments of Base Salary and bonus under this Section 6(B) in the event of
        a
        willful breach by the Executive of the provisions of Sections 8, 9 or 10
        of this
        Agreement or any inadvertent breach that continues after notice given to
        the
        Executive by the Company. As a condition precedent to the receipt of any
        of the
        severance benefits hereunder the Executive hereby agrees to execute a release
        of
        claims against the Company and its affiliates in form and substance reasonably
        satisfactory to the Company.

       

      C.
        In
        the
        event Executive elects to terminate employment as set forth in Section 5(F)
        then
        in such event any options not vested as set forth in Section 3(B) shall
        terminate. 

       

      D.
        Upon
        any
        termination or expiration of the Executive's
        employment hereunder pursuant to Section 5, the Executive shall have no further
        liability or obligation under or in connection with this Agreement; provided,
        however, that the Executive shall continue to be subject to the provisions
        of
        Sections 8, 9, 10, 11 and 12 hereof (it being understood and agreed that
        such
        provisions shall survive any termination or expiration of the
        Executive's
        employment hereunder for any reason). Upon any voluntary
        termination
        by the
        Executive (other than a resignation by the Executive for Good Reason), or
        expiration of Executive's
        employment agreement, the Company shall have no further liability under or
        in
        connection with this Agreement, except to pay the portion of the
        Executive's
        Base
        Salary and
        bonus
        earned or accrued at the date of termination and to provide any employee
        benefits earned
        or
        accrued at the date of termination.

       

      
        
           

        

        
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      SECTION
        7.
Change
        of Control.

       

      A.
        In
        the
        event that, during the Effective Period (as hereinafter defined), the
        Executive's
        employment is terminated by the Company without Cause or by the Executive
        for
        Good Reason, in lieu of the amount set forth in Section 6(B), the
        Executive shall immediately become entitled to the following
        benefits:

       

      (1)
        the
        outstanding options to acquire shares of the Company held by the Executive
        under
        any share option plan and granted on or prior to the Change of Control shall
        become immediately fully exercisable and shall remain exercisable for three
        years after termination of employment or, if less
        or
        more,
        their
        remaining term;

       

      (2)
        a
        lump-payment equal to three times: (a) the Executive's
        then
        current Base Salary;

       

      (3)
        a
        lump-sum
        payment equal to three times the highest annual bonus allowed under the
        Executive Bonus Plan for the Executive during the three-year period preceding
        the date of the Change of Control; and

       

      (4)
        continued
        medical and dental coverage for three years from the termination date at
        no cost
        to the Executive.

       

      B.
        For
        purposes of this Agreement, a "Change
        of
        Control"
        shall be
        deemed to have taken place upon the earliest occurrence of any of the following
        at any time after August 15, 2006: (i) a tender offer is made and consummated
        for the beneficial ownership of 25% or more of the outstanding voting securities
        of STANDARD; (ii) STANDARD is merged or consolidated with another corporation,
        and as a result of such merger or consolidation, less than 75% of the
        outstanding voting securities of the surviving or resulting corporation are
        beneficially owned in the aggregate by the persons or entities who were
        shareholders of STANDARD immediately prior to such merger or consolidation;
        (iii) STANDARD sells all or substantially all of its assets to another entity
        or
        person that is not a wholly owned subsidiary; (iv) during any 15-month period,
        individuals who at the beginning of such period constituted the Board (including
        for this purpose any new member whose election or nomination for election
        by the
        shareholders of STANDARD was approved by a vote of at least 2/3 of the members
        then still in office and who were members at the beginning of such period)
        cease
        for any reason to constitute at least a majority of the Board; (v) the
        Compensation Committee of the Board determines, in its sole discretion, that
        a
        Change of Control has occurred for purposes of this Agreement; or
        (vi)
        STANDARD
        sells all or substantially all of its assets to another entity or person
        that is
        not a subsidiary or affiliate of the Company or 80%
        or
        more of the outstanding voting securities of the Company are acquired by
        any
        person or entity other than STANDARD, its subsidiaries or affiliates.

       

      
        
           

        

        
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      C.
        For
        purposes of this Agreement, "Effective
        Period"
        shall
        mean the period beginning on the date that
        is
        six months prior to the date of the occurrence of
        a
        Change of Control and ending on the earlier of the third anniversary of the
        Change of Control or the expiration of the Term. 

       

      D.
        To
        the
        extent that the acceleration of vesting or any payment, distribution or issuance
        made to the Executive in the event of a Change of Control is subject to federal
        income, excise or other tax at a rate above the rate ordinarily applicable
        to
        compensation paid in the ordinary course of business (collectively, a
"Parachute
        Tax"),
        whether
        as a result of the provisions of Section 280G and 4999 of the Internal Revenue
        Code of 1986, as amended, or any similar or analogous provisions of any statute
        adopted subsequent to the date hereof, or otherwise, then the Company shall
        pay
        to the Executive an additional sum (the "Additional
        Amount")
        such
        that the net amount received by the Executive, after paying any applicable
        Parachute Tax and any federal or state income tax on such Additional Amount,
        shall be equal to the amount that the Executive would have received if such
        Parachute Tax were not applicable.

       

      SECTION
        8.
Confidential
        Information and Inventions.

       

      A.
        Nondisclosure.
        The
        Executive hereby acknowledges that the Executive has knowledge of certain
        confidential and proprietary information relating to STANDARD or their
        affiliates and that it will be necessary, in connection with the performance
        of
        services hereunder, to provide or make available to the Executive certain
        confidential and proprietary information, including, but not limited to,
        business and financial information, technological information, strategies,
        the
        status and content of contracts with suppliers or clients, customer lists
        and
        financial information on customers, intellectual property, trade secrets
        and
        other information relating to the businesses, products, technology, services,
        customers, methods or tactics of STANDARD or its affiliates (any such
        confidential or proprietary information being hereinafter referred to as
        "Confidential
        Information").
        The
        Executive further acknowledges that the Confidential Information constitutes
        valuable trade secrets of STANDARD and its affiliates and agrees that any
        such
        Confidential Information shall remain the property of STANDARD and its
        affiliates at all times during the term of this Agreement and following the
        expiration or termination hereof. The Executive shall not publish, disseminate,
        distribute, disclose, sell, assign, transfer, copy, remove from the premises
        of
        STANDARD or their affiliates, commercially exploit, make available to
persons
        other than STANDARD, its employees and affiliates,
        or
        otherwise make use of any Confidential Information to or for the use or benefit
        of the Executive or any person,
        firm, corporation or entity
        other
        than STANDARD or its affiliates,
        except
        as specifically and previously authorized in writing by the Board or as required
        for the due and proper performance of his duties and obligations under this
        Agreement. In addition, the Executive shall employ all reasonable
        and necessary
        safeguards and precautions consistent
        with practices customarily followed by management in
        order
        to ensure that unauthorized access to the Confidential Information is not
        afforded to any person, firm, corporation or entity. Upon any expiration
        or
        termination of this Agreement, or if the Board or the Company so requests
        at any
        time, the Executive shall promptly return to STANDARD all
        Confidential Information in the Executive's
        possession, whether in writing, on computer disks or other media, without
        retaining any copies, extracts or other reproductions thereof. Notwithstanding
        the foregoing, nothing contained in this Section 8(A) shall prevent the
        publishing, dissemination, distribution, disclosure, sale, assignment, transfer,
        copying, removal, commercial exploitation or other use by the Executive of
        any
        information that (i) was
        or
is
        generally available to the public (other than through a breach of an obligation
        of confidentiality),
        (ii)
        was
        within the possession of Executive prior to its being furnished to Executive
        by
        the Company, (iii) was or is independently developed by Executive without
        reference to, or derivation from, the Confidential Information, or (iv) was
        or
        is
        lawfully obtained by the Executive without obligation of confidentiality
        from a
        source other than STANDARD or its affiliates, directors, officers, employees,
        agents or other representatives (provided, however, that such source is not
        bound by a confidentiality agreement with STANDARD or any of its affiliates
        and
        is not otherwise under an obligation of secrecy or confidentiality to either
        of
        them).

       

      
        
           

        

        
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      B.
        Requests
        for Disclosure.
        It shall
        not be a breach of the obligations of Section 8(A) if Executive discloses
        Confidential Information (i)
        to
        other employees of the Company in the ordinary course of employment or to
        other
        persons pursuant to a signed confidentiality agreement, or (ii) as
        required by judicial or administrative process or, in the written opinion
        of
        Executive's
        counsel,
        by the requirements of applicable law, but in
        case of
        this clause (ii) only
        upon
        satisfaction of the following conditions: (A)
        the
        Executive gives prompt written notice to the Chairman of the Board of the
        existence of, and the circumstances attendant to, such request, sufficient
        to
        permit STANDARD or an affiliate to contest or seek to restrict the required
        disclosure (B)
        the
        Executive consults with the Chairman of the Board as to the advisability
        of
        taking legally available steps to resist or narrow any such request or otherwise
        to eliminate the need for such disclosure, (C)
        if
        disclosure is required, the Executive cooperates with the Chairman of the
        Board
        in obtaining a protective order or other reliable assurance in form and
        substance satisfactory to the Chairman of the Board that confidential treatment
        will be accorded to such portion of the Confidential Information as is required
        to be disclosed, and (D)
        that
        Executive disclosed only such Confidential Information as is legally required
        (or, where applicable, only such information as the written opinion of
        Executive's
        counsel
        deems required).

       

      C.
        Confidential
        Information of Others.
        The
        Executive shall not disclose to STANDARD or its
        affiliates, or induce them to use, the proprietary information, trade secrets,
        or confidential information of others.

       

      D.
        Disclosure.
        Upon
        each occurrence of conception, creation, and/or reduction to practice, the
        Executive will promptly provide a written description of each Invention (as
        hereinafter defined) to the Board or its designee.

       

      E.
        Assignment
        and Ownership of Rights.
        The
        Executive agrees that all Inventions shall and, to the extent necessary,
        shall
        become and remain the property of STANDARD, and their successors and assigns,
        unless expressly released by STANDARD in writing. The Executive assigns,
        and to
        the extent such assignment is not effective, the Executive agrees to assign
        all
        such Inventions to STANDARD. The Executive agrees that all copyrightable
        works
        created for STANDARD during the Executive's
        employment are owned by STANDARD and, if necessary or appropriate, are works
        made for hire.

       

      F.
        Obtaining
        Patents.
        STANDARD
        shall have sole discretion to decide whether to obtain any patent or other
        protection on any Invention. If STANDARD seeks any such protection, the
        Executive shall have no obligation to pay any expenses of the filing or
        maintenance of any such patent or other protection. 

       

      
        
           

        

        
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      G.
        Inventions.
        "Inventions"
        means (i)
        any invention, development, improvement, or copyrightable work, (ii) created,
        conceived, or reduced to practice by the Executive individually or jointly
        with
        others while the Executive is employed by STANDARD or its
        affiliates or within a six-month period following termination of the
        Executive's
        employment, (iii) whether patentable or not, (iv) whether or not conceived
        or
        reduced to practice during regular working hours, and
        (v)
        that
        relates to any methods, apparatus, products, or components thereof which,
        before
        termination of the Executive's
        employment, are manufactured, sold, leased, or used by STANDARD or their
        affiliates or which are under development by, or which otherwise pertain
        to the
        business of STANDARD or their affiliates. However, "Inventions"
        shall not
        include any inventions, developments, improvements, or copyrightable work
        (i)
        for which no equipment, supplies, facility, or trade secret information of
        STANDARD or their affiliates were used, (ii) which the Executive developed
        entirely on the Executive's
        own time
        (iii) which does not relate directly to the business of STANDARD or their
        affiliates or to their actual or demonstrably anticipated research or
        development, or (iv) which does not result from any work performed by the
        Executive for STANDARD or their affiliates. The Executive represents that
        he has
        provided STANDARD, on or prior to the date hereof, a complete written
        description of all unpatented inventions and improvements in which the Executive
        has any rights that are not included in the term "Inventions",
        in a
        form acknowledged in writing by the Chief Executive Officer of
        STANDARD.

       

      SECTION
        9.
Covenant
        Not to Compete.

       

      A.
        Noncompetition.
        The
        Executive hereby agrees that during the "Noncompetition
        Period"
        (as
        hereinafter defined), he will not, except as otherwise permitted under this
        Agreement, in
        the
        Noncompetition Area directly
        or indirectly (whether as an employee, consultant, shareholder or director,
        or
        whether acting alone or through any of his affiliates, as a member of a
        partnership or a joint venture or an investor in, or a holder of securities
        of,
        any corporation or other entity, or otherwise), engage in any business conducted
        by STANDARD or its affiliates. Notwithstanding anything to the contrary in
        this
        Section 9, the Executive may
        (i)
        continue the activities described on Exhibit A, and (ii)
        passively
        invest his assets in such a form or manner as will not conflict with the
        terms
        of this Agreement and will not require services on the part of the Executive
        in
        the operation of the business of the companies or other enterprises in which
        such investments are made. The Executive acknowledges that (i) the provisions
        set forth in this Section 9 are for the benefit of STANDARD and its affiliates,
        (ii) his agreement to such provisions is an express condition to his employment
        by the Company and (iii) such provisions are reasonably necessary to protect
        the
        goodwill and other business interests of STANDARD and its affiliates. The
        "Noncompetition
        Period"
        shall be
        the period commencing on the Effective Date and ending on the second anniversary of
        the
        date of termination of the Executive's
        employment. The "Noncompetition Area" shall mean the counties within the
        states
        in which the Company is operating or owns oil and gas leases on the date
        of
        Executive's termination of
        employment.

       

      
        
           

        

        
          -9-

          
            

          

        

        
           

        

      

       

      B.
        Reformation
        of Scope.
        If any
        of the provisions of this Section 9 is found to be unreasonably broad,
        oppressive or unenforceable in an action, suit or proceeding before any federal
        or state court, such court (i) shall narrow the Noncompetition Period or
        the
        Noncompetition Area or shall otherwise endeavor to reform the scope of such
        agreements in order to ensure that the application thereof is not unreasonably
        broad, oppressive or unenforceable and (ii) to the fullest extent permitted
        by
        law, shall enforce such agreements as so reformed.

       

      SECTION
        10. Nonsolicitation.
        The
        Executive shall not, directly or indirectly, during the Noncompetition Period,
        (A) take any action to solicit or divert any business (or potential business)
        or
        customers (or potential customers) away from STANDARD or its affiliates,
        (B)
        induce customers, potential customers, suppliers, agents or other persons
        under
        contract or otherwise associated or doing business with STANDARD or its
        affiliates to terminate, reduce or alter any such association or business
        with
        or from STANDARD or its affiliates and/or (C) induce any person in the
        employment of the Company, STANDARD or its affiliates or any consultant to
        STANDARD or its affiliates to (i) terminate such employment or consulting
        arrangement, (ii) accept employment, or enter into any consulting arrangement,
        with anyone other than STANDARD or its affiliates (except to the extent the
        consultant makes its services available to third parties on a regular basis)
        and/or (iii) interfere with the customers, suppliers or clients of STANDARD
        or
        its affiliates in any manner or the business of STANDARD or its affiliates
        in
        any manner. For purposes of this Section 10, a "potential
        customer"
        shall
        mean a person or entity that STANDARD or its affiliates, as of the date the
        Executive's
        employment terminates, is soliciting or is considering soliciting (or has
        targeted for solicitation).
        No
        general advertisement shall be a violation of the provisions of this
        section.

       

      SECTION
        11. Remedies.
        The
        Executive hereby agrees that a violation of the provisions of Section 8,
        9 or 10
        hereof may cause irreparable injury to STANDARD and its affiliates for which
        they would have no adequate remedy at law. Accordingly, in the event of any
        such
        violation, STANDARD and/or its affiliates shall be entitled to preliminary
        and
        other injunctive relief. Any such injunctive relief shall be in addition
        to any
        other remedies to which STANDARD and/or its affiliates may be entitled at
        law or
        in equity or otherwise.

       

      SECTION
        12. Arbitration.
        Any
        dispute or controversy arising under or in connection with this Agreement
        (other
        than any dispute or controversy arising from a violation or alleged violation
        by
        the Executive of the provisions of Section 8, 9 or 10 hereof) shall be settled
        exclusively by final and binding arbitration in Houston, Texas, in accordance
        with the Rules for the Resolution of Employment Disputes of the American
        Arbitration Association ("AAA").
        The
        arbitrator shall be selected by mutual agreement of the parties, if possible.
        If
        the parties fail to reach agreement upon appointment of an arbitrator within
        30
        days following receipt by one party of the other party's
        notice
        of desire to arbitrate, the arbitrator shall be selected from a panel or
        panels
        of persons submitted by the AAA. The selection process shall be that which
        is
        set forth in the AAA Rules for the Resolution of Employment Disputes then
        prevailing, except that, if the parties fail to select an arbitrator from
        one or
        more panels, AAA shall not have the power to make an appointment but shall
        continue to submit additional panels until an arbitrator has been selected.
        This
        agreement to arbitrate shall not preclude the parties from engaging in
        voluntary, nonbinding settlement efforts, including, but not limited to,
        mediation. In the event the arbitration is decided in whole or in part in
        favor
        of the Executive, the Company will reimburse the Executive for his reasonable
        costs and expenses of the arbitration (including reasonable
        attorneys'
        fees).

       

      
        
           

        

        
          -10-

          
            

          

        

        
           

        

      

       

      SECTION
        13. Notices.
        All
        notices and other communications hereunder shall be in writing and shall
        be
        given (and shall be deemed to have been duly given upon receipt) by delivery
        in
        person, by registered or certified mail (return receipt requested and with
        postage prepaid thereon) or by facsimile transmission to the respective parties
        at the following addresses (or at such other address as either party shall
        have
        previously furnished to the other in accordance with the terms of this Section
        13):

       

      If
        to the
        Company:

      

      Standard
        Drilling, Inc.

      1667
        K
        Street NW, Suite 1230

      Washington,
        DC 20006

      Attention:
        Chairman and CEO

      Facsimile:
        202-955-9490

      

      if
        to the
        Executive:

      Edward
        L.
        Moses

      1127
        Rock
        Green Court

      Katy,
        Texas 77494

      

      SECTION
        14. No
        Mitigation.
        In the
        event of any termination of employment by the Company without Cause,
or
        by
        the
        Executive for Good Reason,
        the
        Executive shall be under no obligation to seek other employment, or otherwise
        engage in mitigating activity, following the date of termination, and there
        shall be no offset against amounts due the Executive under this Agreement
        on
        account of any remuneration attributable to any subsequent employment that
        he
        may obtain.

       

      SECTION
        15. Indemnification.
        STANDARD
        agree that, during
        the
        term hereof and following any termination of
        Executive's
        employment,
        the
        Company shall
        indemnify
        the Executive to
        the
        fullest extent permitted by applicable law consistent with the Certificate
        of
        Incorporation and By-Laws and the Company in effect as of the date hereof
        (and as hereafter amended if such amendment shall not reduce any right Executive
        may have under such provisions in effect on the date hereof) with respect
        to
        Executive's
        sole,
        joint or concurrent negligence and any acts or omissions he may have committed
        during the period during which he was an officer, director and/or employee
        of
        the Company or any of their affiliates for which he served as an officer,
        director or employee at the request of the Company.

       

      SECTION
        16. Amendment;
        Waiver.
        The
        terms and provisions of this Agreement may be modified or amended only by
        a
        written instrument executed by each of the parties hereto, and compliance
        with
        the terms and provisions hereof may be waived only by a written instrument
        executed by each party entitled to the benefits thereof. No failure or delay
        on
        the part of any party in exercising any right, power or privilege granted
        hereunder shall constitute a waiver thereof, nor shall any single or partial
        exercise of any such right, power or privilege preclude any other or further
        exercise thereof or the exercise of any other right, power or privilege granted
        hereunder.

       

      
        
           

        

        
          -11-

          
            

          

        

        
           

        

      

       

      SECTION
        17. Entire
        Agreement.
        This
        Agreement constitutes the entire agreement between the parties with respect
        to
        the subject matter hereof and supersedes all prior written or oral agreements
        or
        understandings between the Executive and the Company or its affiliates relating
        thereto, including, without limitation.

       

      SECTION
        18. Severability.
        In the
        event that any term or provision of this Agreement is found to be invalid,
        illegal or unenforceable, the validity, legality and enforceability of the
        remaining terms and provisions hereof shall not be in any way affected or
        impaired thereby, and this Agreement shall be construed as if such invalid,
        illegal or unenforceable provision had never been contained
        therein.

       

      SECTION
        19. Binding
        Effect; Assignment.
        This
        Agreement shall be binding upon and inure to the benefit of the parties and
        their respective successors and assigns (it being understood and agreed that,
        except as expressly provided herein, nothing contained in this Agreement
        is
        intended to confer upon any other person or entity any rights, benefits or
        remedies of any kind or character whatsoever). The Executive may not assign
        this
        Agreement without the prior written consent of the Company. Except as otherwise
        provided in this Agreement, the Company may assign this Agreement to any
        of
        their affiliates or to any successor (whether by operation of law or otherwise)
        to all or substantially all of their business and assets without the consent
        of
        the Executive, and any transfer of employment from the Company to such affiliate
        or successor shall be deemed to constitute an assignment and not a termination
        of employment hereunder. In the event of an assignment of this Agreement
        by
        STANDARD 
        all
        references herein to STANDARD or the Company shall be deemed to be references
        to
        the assignee. 

       

      SECTION
        20. Withholding
        of Taxes.
        The
        Executive agrees that STANDARD shall deduct, or shall cause to be deducted,
        from
        the amount of any benefits to be paid hereunder any taxes required to be
        withheld by the federal or any state or local government.

       

      SECTION
        21. Governing
        Law.
        This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Texas (except that no effect shall be given to any conflicts of
        law
        principles thereof that would require the application of the laws of another
        jurisdiction). 

       

      SECTION
        22. Headings.
        The
        headings of the sections contained in this Agreement are for convenience
        only
        and shall not be deemed to control or affect the meaning or construction
        of any
        provision of this Agreement.

       

      SECTION
        23. Counterparts.
        This
        Agreement may be executed in one or more counterparts, each of which shall
        be
        deemed an original, but all of which together shall constitute one and the
        same
        instrument.

       

      SECTION
        24. Subsidiaries
        and Affiliates.
        As used
        herein, the term "subsidiary"
        shall
        mean any corporation or other business entity controlled by the corporation
        in
        question, and the term "affiliate"
        shall
        mean and include any corporation or other business entity controlling,
        controlled by or under common control with the corporation in question. The
        terms "controlled,"
        "controlling,"
        "controlled
        by"
        and
"under
        common control with,"
        as used
        with respect to any person, means the possession, directly or indirectly,
        of the
        power to direct or cause the direction of the management and policies of
        such
        person, whether through the ownership of voting securities or by contract
        or
        otherwise.

       

      
        
           

        

        
          -12-

          
            

          

        

        
           

        

      

       

      IN
        WITNESS WHEREOF,
        the
        undersigned have executed this Agreement as of the date first above
        written.

       

       

      
        	 	Standard
                Drilling, Inc.	 
	 	 	 
	
                 By:
                   

              	 	 
	 	
                Prentis
                  B. Tomlinson, Jr.

                Chairman
                  and CEO

              	 
	 	 	 
	 	 	 
	 	Edward
                L. Moses	 
	 	 	 
	 	 	 
	 	Executive	 

      

       

      
        
           

        

        
          -13-

          
            

          

        

        
           

        

      

      Exhibit
        A

      to

      Employment
        Agreement 

      dated
        effective February 14, 2006

      by
        and between

      Standard
        Drilling Inc.

      and

      Edward
        L. Moses

      

      

      

      

      

      

      
        	 	
                1.

              	
                Calibre
                  Energy, Inc.Exhibit 10.9

    Exhibit
      10.9

     

    EMPLOYMENT
      AGREEMENT

     

    
      This
        EMPLOYMENT AGREEMENT (the "Agreement"),
        entered
        into on
        July
        27,
        2006 and
        made effective as of May 15, 2006 (the "Effective
        Date")
        by and
        among Standard Drilling, Inc. (referred to as "STANDARD"
        or the
"Company")
        and
        Robert T. Moffett ("Executive");

    

     

    W
      I T N E S S E T H:

    

    WHEREAS,
      the Company desires to retain the services of the Executive, and the Executive
      is willing to provide such services to the Company, all upon the terms and
      conditions set forth herein;

     

    NOW
      THEREFORE, in consideration of the premises, the terms and provisions set forth
      herein, the mutual benefits to be gained by the performance thereof and other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto agree as follows:

     

    SECTION
      1.  Employment.
      The
      Company hereby employs the Executive, and the Executive hereby accepts such
      employment, all upon the terms and conditions set forth herein. 

     

    SECTION
      2.  Term.
      Unless
      sooner terminated pursuant to Section 5 of this Agreement, the Executive shall
      be employed for a term commencing on the Effective Date and ending on the third
      anniversary of the Effective Date (the "Term");
      provided, however, that the Term shall automatically be extended on a daily
      basis for an additional day such that, at all times, the remaining Term shall
      be
      three years. Notwithstanding any other provision of this Agreement to the
      contrary, this Agreement may be terminated by Company upon written notice,
      in
      which case the Agreement will terminate upon the expiration of the three-year
      Term.

     

    SECTION
      3.  Duties
      and Responsibilities.

     

    A.  Capacity.
      The
      Executive shall serve in the capacity of Senior Vice President and General
      Counsel of Standard.
      During the term of this Agreement, as Senior Vice President and General Counsel
      of the Company, Executive will
      have
      supervisory responsibility for
      all legal
      matters of the Company and
      such
      duties normally
      incident to that position
      as the
      Board of Directors of Standard
      (the "Board") may reasonably prescribe, including the selection of one or more
      firms as outside legal counsel to the Company.
      Additionally, Executive shall be in charge of the Company's
      land
      operation and
      shall
      perform the duties normally incident to that position as the Board may
      reasonably prescribe.

     

    B.  Duties.
      The
      Executive shall devote such
      of
his
      business
      time, attention and energies to the business of the Company as
      are
      reasonably necessary to perform his duties under this Agreement. Such duties
      shall be performed at the headquarters of the Company in Houston, Texas and
      at
      such other places as the Board may reasonably require without necessitating
      any
      change in Executive's place of residence. Executive
      shall not
      be engaged in any other business activity, whether or not pursued for gain,
      profit or other pecuniary advantage, which would impair his ability to fulfill
      his duties to the Company under this Agreement, without the prior written
      consent of the Board;
      provided, that nothing
      contained
      in this Section 3(B) shall prevent the Executive from (i)
      monitoring the Executive's current investments in oil and gas properties
      described on Exhibit A to this Agreement and making additional investments
      in
      the areas of interest represented thereby, to which the Board hereby consents,
      or (ii) passively
      investing his assets in such a form or manner as will not conflict with the
      terms of this Agreement and will not require services on the part of the
      Executive in the operation of the business of the companies or other enterprises
      in which such investments are made.

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

    

    C.  Standard
      of Performance.
      The
      Executive will perform his duties under this Agreement with fidelity and
      loyalty, to the best of his ability, experience and talent and in a manner
      consistent with his fiduciary responsibilities.

     

    SECTION
      4.  Compensation.

     

    A.  Base
      Salary.
      The
      Company shall pay the Executive a salary (the "Base
      Salary")
      of U.S.
      $250,000 per annum. The Base Salary shall be payable no
      less
      often than monthly in
      accordance with the general payroll practices of the Company in effect from
      time
      to time. The Company shall review the Base Salary then being paid to the
      Executive at such times as the Company regularly reviews the compensation paid
      to employees. Upon completion of such review, the Company in its sole discretion
      may increase or maintain (but
      not
      reduce) the
      Executive's
      then
      current Base Salary, and any increased salary shall be the "Base
      Salary"
      for all
      purposes under this Agreement. Notwithstanding the above, the Base Salary shall
      be increased to $380,000 upon the second anniversary date from the Effective
      Date
      of this
Agreement.
      

     

    B.  Stock
      Options. The
      Company shall grant the Executive non-qualified options in Standard’s 2006
      Option Plan to purchase 400,000 non-qualified options to purchase the Company's
      stock at $.07 per share. Such options shall be for a term commencing on July
      27,
      2006 and this Option shall be exercisable after the later of the date the
      closing price of our common stock on any exchange on which the common stock
      of
      Standard Drilling, Inc. is traded or quoted equals or exceeds $2.50 for 10
      trading days or January 1, 2007. This Option shall survive the Executive’s
      termination date if such termination occurs after December 31, 2006. If the
      Executive’s termination date occurs prior to January 1, 2007, the Option shall
      be forfeited unexercised. This Option shall not be exercisable in any event
      after January 25, 2008.

     

    C.  Car
      Allowance.
      As our
      business will be conducted from various venues and in lieu of the provision
      of
      Company owned equipment, the Company will reimburse you as an
      expense 
      a monthly
      sum 
      of
      $1,000.

     

    D.  Bonus.
      The
      Executive shall be eligible, in the sole discretion of the Board, to be
      considered for a bonus following each fiscal year
      ending during the Term based upon the Executive's
      performance and the operating results of the Company and their affiliates during
      such year in relation to performance targets established by the Board.
      Determination of the bonus amount shall take into account such unusual or
      nonrecurring items as the Chief Executive Officer of STANDARD and/or
      the
      Board deem appropriate. 

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

       

    

    E.  Benefits.
      If and
      to the extent that the Company maintains employee benefit plans (including,
      but
      not limited to, pension, profit sharing, disability, accident, medical, life
      insurance and hospitalization plans), the Executive shall be entitled to
      participate therein in accordance with the terms of such plans and the
      Company's
      regular
      practices with respect to its employees. In addition, the Company promises
      to
      provide reasonable health and dental insurance for the Executive and his family,
      including $500,000 in life insurance. 

     

    F.  Expenses.
      The
      Executive shall be entitled to reimbursement from the Company for reasonable
      out-of-pocket expenses incurred by him in the course of the performance of
      his
      duties, hereunder, including all reasonable commuting and communication costs,
      upon the submission of appropriate documentation. The
      Company agrees to reimburse the Executive for any legal and investigatory fees
      and expenses incurred in connection with the negotiation of this Agreement,
      not
      to exceed $5,000.

     

    G.  Vacation.
      The
      Executive shall be entitled to five weeks
      of
      paid vacation per calendar year, which, if not taken, may be carried forward
      to
      any subsequent year, except in accordance with Company policy applicable to
      the
      Company's
      employees generally. The Executive shall also be entitled to such holidays
      and,
      subject to the provisions of Section 5, other paid or unpaid leaves of absence
      as are consistent with the Company's
      normal
      policies. 

     

    SECTION
      5.  Termination
      of Employment.

    
       

      Notwithstanding
        the provisions of Section 2, the Executive's
        employment hereunder shall terminate under any of the following
        conditions:

    

     

    A.  Death.
      The
      Executive's
      employment under this Agreement shall terminate automatically upon his
      death.

     

    B.  Disability.
      The
      Executive's employment under this Agreement shall terminate automatically upon
      his Disability. For purposes of this Agreement, "Disability"
      means
      permanent and total disability (within the meaning of section 22(e) (3) of
      the
      Internal Revenue Code of 1986, as amended, or any successor provision) which
      has
      existed for at least 180 consecutive days.

     

    C.  Termination
      by the Company Without Cause
      or by
      Executive for Good Reason.
      The
      Company may terminate the Executive's
      employment hereunder without "Cause"
      (as
      hereinafter defined) on three months written
      notice by the Company
      to the
      Executive, and the Executive may terminate his employment for "Good Reason"
      (as
      hereinafter defined) as set forth in Section 5(E) below. Such terminations
      will
      cause
      the
      automatic vesting of any
      stock
      options, restricted stock and any other incentive compensation awarded to
      Executive not previously vested.

     

    D.  Termination
      by the Company for Cause.
      The
      Executive's
      employment hereunder may be terminated for Cause upon written notice by the
      Company. For purposes of this Agreement, "Cause"
      shall
      mean (i) the willful and continued failure by the Executive to substantially
      perform his obligations under this Agreement (other than such failure resulting
      from his Disability) after a demand for substantial performance has been
      delivered to him by the Board which specifically identifies the manner in which
      the Board believes the Executive has not substantially performed such provisions
      and the Executive has failed to remedy the situation three months after such
      demand; (ii) the Executive's willfully engaging in conduct materially and
      demonstrably injurious to the property or business of the Company, including
      without limitation, fraud, misappropriation of funds or other property of the
      Company, other willful misconduct, gross negligence or conviction of a felony
      or
      any crime of moral turpitude; or (iii) the Executive's material breach of this
      Agreement which breach has not been remedied by the Executive within three
      months after the receipt by the Executive of written notice from the Company
      that the Executive is in material breach of this Agreement, specifying the
      particulars of such breach.

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

       

    

    
      For
        purposes of this Agreement, no act, or failure to act, on the part of the
        Executive shall be deemed "willful"
        or
        engaged in "willfully"
        if it
(i)
        was
        due
        primarily to an error in judgment or negligence, but shall be deemed
"willful"
        or engaged in "willfully"
        only if
        done, or omitted to be done, by the Executive not in good faith and without
        reasonable belief that his action or omission was in the best interest of
        the
        Company,
        (ii) was
        approved in advance by the Chief Executive Officer or the Board, or (iii)
        was
        done or omitted in accordance with the terms of the applicable Company policy
        then in effect.
        Notwithstanding the foregoing, the Executive shall not be deemed to have
        been
        terminated as a result of "Cause"
        hereunder
        unless and until there shall have been delivered to the Executive a copy
        of a
        resolution duly adopted by the affirmative vote of not less than three-quarters
        of the Board then in office at a meeting of the Board called and held for
        such
        purpose (after reasonable notice to the Executive and an opportunity for
        the
        Executive, together with his counsel, to be heard before the Board), finding
        that, in the good faith opinion of the Board, the Executive has committed
        an act
        set forth above in this Section 5(D) and specifying the particulars thereof
        in
        detail. Nothing herein shall limit the right of the Executive or his legal
        representative to contest the validity or propriety of any such
        determination.

       

    

    E.  Termination
      by the Executive for Good Reason.
      The
      Executive may terminate his employment hereunder for "Good
      Reason."
      For
      purposes of this Agreement, "Good
      Reason"
      for
      termination shall mean any of the following (which occur without the
      Executive's
      prior
      written consent):

     

    (1)  a
      decrease
      in the Executive's
      Base
      Salary;

     

    (2)  a
      materially adverse diminution of the overall level of responsibilities of the
      Executive;

     

    (3)  a
      material
      breach by the Company of any term or provision of this Agreement;

     

    (4)  after
      a
      Change of Control (as defined in Section 7(B)) and during the Effective Period
      (as defined in Section 7(C)), (a) the failure of the Company to continue in
      effect any benefit or compensation plan (including, but not limited to, any
      bonus, incentive, retirement, supplemental executive retirement, savings, profit
      sharing, pension, performance, stock option, stock purchase, deferred
      compensation, life insurance, medical, dental, health, hospital, accident or
      disability plans) in which the Executive is participating at the time of such
      Change of Control (or plans providing to the Executive, in the aggregate,
      substantially similar benefits as the benefits enjoyed by the Executive under
      the benefit and compensation plans in which the Executive is participating
      at
      the time of such Change of Control), or (b) the taking of any action by the
      Company that would adversely affect the Executive's participation in or
      materially reduce the Executive's benefits under any of such plans or deprive
      the Executive of any material fringe benefit enjoyed by the Executive at the
      time of such Change in Control;

     

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

       

    

    (5)  any
      personal reason that the Compensation Committee of the Board in its discretion
      determines shall constitute Good Reason.

     

    However,
      that no event or condition described in clauses (1) - (4) of this Section 5(E)
      shall constitute Good Reason unless (a) the Executive gives the Company written
      notice of his objection to such event or condition within 90 days after the
      Executive learns of such event, (b) such event or condition is not corrected
      by
      the Company within 10 days of its receipt of such notice and (c) the Executive
      voluntarily resigns his employment with the Company and its affiliates not
      more
      than 60 days following the expiration of the 10-day period described in the
      foregoing clause (b).

     

    F.  Voluntary
      Termination by the Executive.
      The
      Executive may terminate his employment hereunder at any time for reason other
      than Good Reason on 30 days
      written notice to the Company.

     

    SECTION
      6.  Payments
      Upon Termination.

     

    A.  Upon
      termination of the Executive's
      employment hereunder, the Company shall be obligated to pay and the Executive
      shall be entitled to receive, on the pay date for the pay period in which the
      termination occurs, all accrued and unpaid Base Salary
      and
      bonus
      to the
      date of termination. In addition, the Executive shall be entitled to any
      benefits to which he is entitled under the terms of any applicable employee
      benefit plan or program or applicable law.

     

    B.  Except
      as
      provided in Section 7(A), upon termination of the Executive's
      employment by the Company without Cause or by the Executive due to Good Reason,
      in addition to the amount set forth in Section 6(A), the Company shall be
      obligated to pay, and the Executive shall be entitled to receive, (i) Base
      Salary
      and
      bonus
      for a
      period of three years and (ii) continued medical and dental benefits for a
      period of three years at no cost to the Executive. The Company may cease all
      payments of Base Salary and bonus under this Section 6(B) in the event of a
      willful breach by the Executive of the provisions of Sections 8, 9 or 10 of
      this
      Agreement or any inadvertent breach that continues after notice given to the
      Executive by the Company. As a condition precedent to the receipt of any of
      the
      severance benefits hereunder the Executive hereby agrees to execute a release
      of
      claims against the Company and its affiliates in form and substance reasonably
      satisfactory to the Company.

     

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

    

    C.  In
      the
      event Executive elects to terminate employment as set forth in Section 5(F)
      then
      in such event any options not vested as set forth in Section 3(B) shall
      terminate. 

     

    D.  Upon
      any
      termination or expiration of the Executive's
      employment hereunder pursuant to Section 5, the Executive shall have no further
      liability or obligation under or in connection with this Agreement; provided,
      however, that the Executive shall continue to be subject to the provisions
      of
      Sections 8, 9, 10, 11 and 12 hereof (it being understood and agreed that such
      provisions shall survive any termination or expiration of the
      Executive's
      employment hereunder for any reason). Upon any voluntary
      termination
      by the
      Executive (other than a resignation by the Executive for Good Reason), or
      expiration of Executive's
      employment agreement, the Company shall have no further liability under or
      in
      connection with this Agreement, except to pay the portion of the
      Executive's
      Base
      Salary and
      bonus
      earned or accrued at the date of termination and to provide any employee
      benefits earned
      or
      accrued at the date of termination.

     

    SECTION
      7.  Change
      of Control.

     

    A.  In
      the
      event that, during the Effective Period (as hereinafter defined), the
      Executive's
      employment is terminated by the Company without Cause or by the Executive for
      Good Reason, in lieu of the amount set forth in Section 6(B), the
      Executive shall immediately become entitled to the following
      benefits:

     

    (1)  the
      outstanding options to acquire shares of the Company held by the Executive
      under
      any share option plan and granted on or prior to the Change of Control shall
      become immediately fully exercisable and shall remain exercisable for three
      years after termination of employment or, if less
      or
      more,
      their
      remaining term;

     

    (2)  a
      lump-payment equal to three times: (a) the Executive's
      then
      current Base Salary;

     

    (3)  a
      lump-sum
      payment equal to three times the highest annual bonus allowed under the
      Executive Bonus Plan for the Executive during the three-year period preceding
      the date of the Change of Control; and

     

    (4)  continued
      medical and dental coverage for three years from the termination date at no
      cost
      to the Executive.

     

    B.  For
      purposes of this Agreement, a "Change
      of
      Control"
      shall be
      deemed to have taken place upon the earliest occurrence of any of the following
      at any time after August 15, 2006: (i) a tender offer is made and consummated
      for the beneficial ownership of 25% or more of the outstanding voting securities
      of STANDARD; (ii) STANDARD is merged or consolidated with another corporation,
      and as a result of such merger or consolidation, less than 75% of the
      outstanding voting securities of the surviving or resulting corporation are
      beneficially owned in the aggregate by the persons or entities who were
      shareholders of STANDARD immediately prior to such merger or consolidation;
      (iii) STANDARD sells all or substantially all of its assets to another entity
      or
      person that is not a wholly owned subsidiary; (iv) during any 15-month period,
      individuals who at the beginning of such period constituted the Board (including
      for this purpose any new member whose election or nomination for election by
      the
      shareholders of STANDARD was approved by a vote of at least 2/3 of the members
      then still in office and who were members at the beginning of such period)
      cease
      for any reason to constitute at least a majority of the Board; (v) the
      Compensation Committee of the Board determines, in its sole discretion, that
      a
      Change of Control has occurred for purposes of this Agreement; or
      (vi)
      STANDARD
      sells all or substantially all of its assets to another entity or person that
      is
      not a subsidiary or affiliate of the Company or 80%
      or
      more of the outstanding voting securities of the Company are acquired by any
      person or entity other than STANDARD, its subsidiaries or affiliates.

     

     

    
      
        6

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    C.  For
      purposes of this Agreement, "Effective
      Period"
      shall
      mean the period beginning on the date that
      is
      six months prior to the date of the occurrence of
      a
      Change of Control and ending on the earlier of the third anniversary of the
      Change of Control or the expiration of the Term. 

     

    D.  To
      the
      extent that the acceleration of vesting or any payment, distribution or issuance
      made to the Executive in the event of a Change of Control is subject to federal
      income, excise or other tax at a rate above the rate ordinarily applicable
      to
      compensation paid in the ordinary course of business (collectively, a
"Parachute
      Tax"),
      whether
      as a result of the provisions of Section 280G and 4999 of the Internal Revenue
      Code of 1986, as amended, or any similar or analogous provisions of any statute
      adopted subsequent to the date hereof, or otherwise, then the Company shall
      pay
      to the Executive an additional sum (the "Additional
      Amount")
      such
      that the net amount received by the Executive, after paying any applicable
      Parachute Tax and any federal or state income tax on such Additional Amount,
      shall be equal to the amount that the Executive would have received if such
      Parachute Tax were not applicable.

     

    SECTION
      8.  Confidential
      Information and Inventions.

     

    A.  Nondisclosure.
      The
      Executive hereby acknowledges that the Executive has knowledge of certain
      confidential and proprietary information relating to STANDARD or their
      affiliates and that it will be necessary, in connection with the performance
      of
      services hereunder, to provide or make available to the Executive certain
      confidential and proprietary information, including, but not limited to,
      business and financial information, technological information, strategies,
      the
      status and content of contracts with suppliers or clients, customer lists and
      financial information on customers, intellectual property, trade secrets and
      other information relating to the businesses, products, technology, services,
      customers, methods or tactics of STANDARD or its affiliates (any such
      confidential or proprietary information being hereinafter referred to as
"Confidential
      Information").
      The
      Executive further acknowledges that the Confidential Information constitutes
      valuable trade secrets of STANDARD and its affiliates and agrees that any such
      Confidential Information shall remain the property of STANDARD and its
      affiliates at all times during the term of this Agreement and following the
      expiration or termination hereof. The Executive shall not publish, disseminate,
      distribute, disclose, sell, assign, transfer, copy, remove from the premises
      of
      STANDARD or their affiliates, commercially exploit, make available to
persons
      other than STANDARD, its employees and affiliates,
      or
      otherwise make use of any Confidential Information to or for the use or benefit
      of the Executive or any person,
      firm, corporation or entity
      other
      than STANDARD 

     

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

     

    or
      its
      affiliates,
      except
      as specifically and previously authorized in writing by the Board or as required
      for the due and proper performance of his duties and obligations under this
      Agreement. In addition, the Executive shall employ all reasonable
      and necessary
      safeguards and precautions consistent
      with practices customarily followed by management in
      order
      to ensure that unauthorized access to the Confidential Information is not
      afforded to any person, firm, corporation or entity. Upon any expiration or
      termination of this Agreement, or if the Board or the Company so requests at
      any
      time, the Executive shall promptly return to STANDARD all
      Confidential Information in the Executive's
      possession, whether in writing, on computer disks or other media, without
      retaining any copies, extracts or other reproductions thereof. Notwithstanding
      the foregoing, nothing contained in this Section 8(A) shall prevent the
      publishing, dissemination, distribution, disclosure, sale, assignment, transfer,
      copying, removal, commercial exploitation or other use by the Executive of
      any
      information that (i) was
      or
is
      generally available to the public (other than through a breach of an obligation
      of confidentiality),
      (ii)
      was
      within the possession of Executive prior to its being furnished to Executive
      by
      the Company, (iii) was or is independently developed by Executive without
      reference to, or derivation from, the Confidential Information, or (iv) was
      or
      is
      lawfully obtained by the Executive without obligation of confidentiality from
      a
      source other than STANDARD or its affiliates, directors, officers, employees,
      agents or other representatives (provided, however, that such source is not
      bound by a confidentiality agreement with STANDARD or any of its affiliates
      and
      is not otherwise under an obligation of secrecy or confidentiality to either
      of
      them).

     

    B.  Requests
      for Disclosure.
      It shall
      not be a breach of the obligations of Section 8(A) if Executive discloses
      Confidential Information (i)
      to
      other employees of the Company in the ordinary course of employment or to other
      persons pursuant to a signed confidentiality agreement, or (ii) as
      required by judicial or administrative process or, in the written opinion of
      Executive's
      counsel,
      by the requirements of applicable law, but in
      case of
      this clause (ii) only
      upon
      satisfaction of the following conditions: (A)
      the
      Executive gives prompt written notice to the Chairman of the Board of the
      existence of, and the circumstances attendant to, such request, sufficient
      to
      permit STANDARD or an affiliate to contest or seek to restrict the required
      disclosure (B)
      the
      Executive consults with the Chairman of the Board as to the advisability of
      taking legally available steps to resist or narrow any such request or otherwise
      to eliminate the need for such disclosure, (C)
      if
      disclosure is required, the Executive cooperates with the Chairman of the Board
      in obtaining a protective order or other reliable assurance in form and
      substance satisfactory to the Chairman of the Board that confidential treatment
      will be accorded to such portion of the Confidential Information as is required
      to be disclosed, and (D)
      that
      Executive disclosed only such Confidential Information as is legally required
      (or, where applicable, only such information as the written opinion of
      Executive's
      counsel
      deems required).

     

    C.  Confidential
      Information of Others.
      The
      Executive shall not disclose to STANDARD or its
      affiliates, or induce them to use, the proprietary information, trade secrets,
      or confidential information of others.

     

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

     

    D.  Disclosure.
      Upon
      each occurrence of conception, creation, and/or reduction to practice, the
      Executive will promptly provide a written description of each Invention (as
      hereinafter defined) to the Board or its designee.

     

    E.  Assignment
      and Ownership of Rights.
      The
      Executive agrees that all Inventions shall and, to the extent necessary, shall
      become and remain the property of STANDARD, and their successors and assigns,
      unless expressly released by STANDARD in writing. The Executive assigns, and
      to
      the extent such assignment is not effective, the Executive agrees to assign
      all
      such Inventions to STANDARD. The Executive agrees that all copyrightable works
      created for STANDARD during the Executive's
      employment are owned by STANDARD and, if necessary or appropriate, are works
      made for hire.

     

    F.  Obtaining
      Patents.
      STANDARD
      shall have sole discretion to decide whether to obtain any patent or other
      protection on any Invention. If STANDARD seeks any such protection, the
      Executive shall have no obligation to pay any expenses of the filing or
      maintenance of any such patent or other protection. 

     

    G.  Inventions.
      "Inventions"
      means (i)
      any invention, development, improvement, or copyrightable work, (ii) created,
      conceived, or reduced to practice by the Executive individually or jointly
      with
      others while the Executive is employed by STANDARD or its
      affiliates or within a six-month period following termination of the
      Executive's
      employment, (iii) whether patentable or not, (iv) whether or not conceived
      or
      reduced to practice during regular working hours, and
      (v)
      that
      relates to any methods, apparatus, products, or components thereof which, before
      termination of the Executive's
      employment, are manufactured, sold, leased, or used by STANDARD or their
      affiliates or which are under development by, or which otherwise pertain to
      the
      business of STANDARD or their affiliates. However, "Inventions"
      shall not
      include any inventions, developments, improvements, or copyrightable work (i)
      for which no equipment, supplies, facility, or trade secret information of
      STANDARD or their affiliates were used, (ii) which the Executive developed
      entirely on the Executive's
      own time
      (iii) which does not relate directly to the business of STANDARD or their
      affiliates or to their actual or demonstrably anticipated research or
      development, or (iv) which does not result from any work performed by the
      Executive for STANDARD or their affiliates. The Executive represents that he
      has
      provided STANDARD, on or prior to the date hereof, a complete written
      description of all unpatented inventions and improvements in which the Executive
      has any rights that are not included in the term "Inventions",
      in a
      form acknowledged in writing by the Chief Executive Officer of
      STANDARD.

     

    SECTION
      9.  Covenant
      Not to Compete.

     

    A.  Noncompetition.
      The
      Executive hereby agrees that during the "Noncompetition
      Period"
      (as
      hereinafter defined), he will not, except as otherwise permitted under this
      Agreement, in
      the
      Noncompetition Area directly
      or indirectly (whether as an employee, consultant, shareholder or director,
      or
      whether acting alone or through any of his affiliates, as a member of a
      partnership or a joint venture or an investor in, or a holder of securities
      of,
      any corporation or other entity, or otherwise), engage in any business conducted
      by STANDARD or its affiliates. Notwithstanding anything to the contrary in
      this
      Section 9, the Executive may
      (i)
      continue the activities described on Exhibit A, and (ii)
      passively
      invest his assets in such a form or manner as will not conflict with the terms
      of this Agreement and will not require services on the part of the Executive
      in
      the operation of the business of the companies or other enterprises in which
      such investments are made. The Executive acknowledges that (i) the provisions
      set forth in this Section 9 are for the benefit of STANDARD and its affiliates,
      (ii) his agreement to such provisions is an express condition to his employment
      by the Company and (iii) such provisions are reasonably necessary to protect
      the
      goodwill and other business interests of STANDARD and its affiliates. The
"Noncompetition
      Period"
      shall be
      the period commencing on the Effective Date and ending on the second anniversary of
      the
      date of termination of the Executive's
      employment. The "Noncompetition Area" shall mean the counties within the states
      in which the Company is operating or owns oil and gas leases on the date of
      Executive's termination of
      employment.

     

     

    
      
        9

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    B.  Reformation
      of Scope.
      If any
      of the provisions of this Section 9 is found to be unreasonably broad,
      oppressive or unenforceable in an action, suit or proceeding before any federal
      or state court, such court (i) shall narrow the Noncompetition Period or the
      Noncompetition Area or shall otherwise endeavor to reform the scope of such
      agreements in order to ensure that the application thereof is not unreasonably
      broad, oppressive or unenforceable and (ii) to the fullest extent permitted
      by
      law, shall enforce such agreements as so reformed.

     

    SECTION
      10.   Nonsolicitation.
      The
      Executive shall not, directly or indirectly, during the Noncompetition Period,
      (A) take any action to solicit or divert any business (or potential business)
      or
      customers (or potential customers) away from STANDARD or its affiliates, (B)
      induce customers, potential customers, suppliers, agents or other persons under
      contract or otherwise associated or doing business with STANDARD or its
      affiliates to terminate, reduce or alter any such association or business with
      or from STANDARD or its affiliates and/or (C) induce any person in the
      employment of the Company, STANDARD or its affiliates or any consultant to
      STANDARD or its affiliates to (i) terminate such employment or consulting
      arrangement, (ii) accept employment, or enter into any consulting arrangement,
      with anyone other than STANDARD or its affiliates (except to the extent the
      consultant makes its services available to third parties on a regular basis)
      and/or (iii) interfere with the customers, suppliers or clients of STANDARD
      or
      its affiliates in any manner or the business of STANDARD or its affiliates
      in
      any manner. For purposes of this Section 10, a "potential
      customer"
      shall
      mean a person or entity that STANDARD or its affiliates, as of the date the
      Executive's
      employment terminates, is soliciting or is considering soliciting (or has
      targeted for solicitation).
      No
      general advertisement shall be a violation of the provisions of this
      section.

     

    SECTION
      11.   Remedies.
      The
      Executive hereby agrees that a violation of the provisions of Section 8, 9
      or 10
      hereof may cause irreparable injury to STANDARD and its affiliates for which
      they would have no adequate remedy at law. Accordingly, in the event of any
      such
      violation, STANDARD and/or its affiliates shall be entitled to preliminary
      and
      other injunctive relief. Any such injunctive relief shall be in addition to
      any
      other remedies to which STANDARD and/or its affiliates may be entitled at law
      or
      in equity or otherwise.

     

     

    
      
        10

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SECTION
      12.   Arbitration.
      Any
      dispute or controversy arising under or in connection with this Agreement (other
      than any dispute or controversy arising from a violation or alleged violation
      by
      the Executive of the provisions of Section 8, 9 or 10 hereof) shall be settled
      exclusively by final and binding arbitration in Houston, Texas, in accordance
      with the Rules for the Resolution of Employment Disputes of the American
      Arbitration Association ("AAA").
      The
      arbitrator shall be selected by mutual agreement of the parties, if possible.
      If
      the parties fail to reach agreement upon appointment of an arbitrator within
      30
      days following receipt by one party of the other party's
      notice
      of desire to arbitrate, the arbitrator shall be selected from a panel or panels
      of persons submitted by the AAA. The selection process shall be that which
      is
      set forth in the AAA Rules for the Resolution of Employment Disputes then
      prevailing, except that, if the parties fail to select an arbitrator from one
      or
      more panels, AAA shall not have the power to make an appointment but shall
      continue to submit additional panels until an arbitrator has been selected.
      This
      agreement to arbitrate shall not preclude the parties from engaging in
      voluntary, nonbinding settlement efforts, including, but not limited to,
      mediation. In the event the arbitration is decided in whole or in part in favor
      of the Executive, the Company will reimburse the Executive for his reasonable
      costs and expenses of the arbitration (including reasonable
      attorneys'
      fees).

     

    SECTION
      13.   Notices.
      All
      notices and other communications hereunder shall be in writing and shall be
      given (and shall be deemed to have been duly given upon receipt) by delivery
      in
      person, by registered or certified mail (return receipt requested and with
      postage prepaid thereon) or by facsimile transmission to the respective parties
      at the following addresses (or at such other address as either party shall
      have
      previously furnished to the other in accordance with the terms of this Section
      13):

     

    If
      to the
      Company:

    

    Standard
      Drilling, Inc.

    1667
      K Street NW, Suite 1230

    Washington,
      DC 20006

    
      Attention:
        Chairman and CEO

      Facsimile:
        202-224-4406

    

     

    if
      to the
      Executive:

    Robert
      T. Moffett

    2632
      Fenwood

    Houston,
      TX 77005

    Facsimile:
      713.664.0835

    

    SECTION
      14.   No
      Mitigation.
      In the
      event of any termination of employment by the Company without Cause,
or
      by
      the
      Executive for Good Reason,
      the
      Executive shall be under no obligation to seek other employment, or otherwise
      engage in mitigating activity, following the date of termination, and there
      shall be no offset against amounts due the Executive under this Agreement on
      account of any remuneration attributable to any subsequent employment that
      he
      may obtain.

     

     

    
      
        11

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    SECTION
      15.   Indemnification.
      STANDARD
      agree that, during
      the
      term hereof and following any termination of
      Executive's
      employment,
      the
      Company shall
      indemnify
      the Executive to
      the
      fullest extent permitted by applicable law consistent with the Certificate
      of
      Incorporation and By-Laws and the Company in effect as of the date hereof
      (and as hereafter amended if such amendment shall not reduce any right Executive
      may have under such provisions in effect on the date hereof) with respect to
      Executive's
      sole,
      joint or concurrent negligence and any acts or omissions he may have committed
      during the period during which he was an officer, director and/or employee
      of
      the Company or any of their affiliates for which he served as an officer,
      director or employee at the request of the Company.

     

    SECTION
      16.   Amendment;
      Waiver.
      The
      terms and provisions of this Agreement may be modified or amended only by a
      written instrument executed by each of the parties hereto, and compliance with
      the terms and provisions hereof may be waived only by a written instrument
      executed by each party entitled to the benefits thereof. No failure or delay
      on
      the part of any party in exercising any right, power or privilege granted
      hereunder shall constitute a waiver thereof, nor shall any single or partial
      exercise of any such right, power or privilege preclude any other or further
      exercise thereof or the exercise of any other right, power or privilege granted
      hereunder.

     

    SECTION
      17.   Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof and supersedes all prior written or oral agreements
      or
      understandings between the Executive and the Company or its affiliates relating
      thereto, including, without limitation.

     

    SECTION
      18.   Severability.
      In the
      event that any term or provision of this Agreement is found to be invalid,
      illegal or unenforceable, the validity, legality and enforceability of the
      remaining terms and provisions hereof shall not be in any way affected or
      impaired thereby, and this Agreement shall be construed as if such invalid,
      illegal or unenforceable provision had never been contained
      therein.

     

    SECTION
      19.   Binding
      Effect; Assignment.
      This
      Agreement shall be binding upon and inure to the benefit of the parties and
      their respective successors and assigns (it being understood and agreed that,
      except as expressly provided herein, nothing contained in this Agreement is
      intended to confer upon any other person or entity any rights, benefits or
      remedies of any kind or character whatsoever). The Executive may not assign
      this
      Agreement without the prior written consent of the Company. Except as otherwise
      provided in this Agreement, the Company may assign this Agreement to any of
      their affiliates or to any successor (whether by operation of law or otherwise)
      to all or substantially all of their business and assets without the consent
      of
      the Executive, and any transfer of employment from the Company to such affiliate
      or successor shall be deemed to constitute an assignment and not a termination
      of employment hereunder. In the event of an assignment of this Agreement by
      STANDARD 
      all
      references herein to STANDARD or the Company shall be deemed to be references
      to
      the assignee. 

     

    SECTION
      20.   Withholding
      of Taxes.
      The
      Executive agrees that STANDARD shall deduct, or shall cause to be deducted,
      from
      the amount of any benefits to be paid hereunder any taxes required to be
      withheld by the federal or any state or local government.

     

     

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

     

    SECTION
      21.   Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Texas (except that no effect shall be given to any conflicts of law
      principles thereof that would require the application of the laws of another
      jurisdiction). 

     

    SECTION
      22.   Headings.
      The
      headings of the sections contained in this Agreement are for convenience only
      and shall not be deemed to control or affect the meaning or construction of
      any
      provision of this Agreement.

     

    SECTION
      23.   Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original, but all of which together shall constitute one and the
      same
      instrument.

     

    SECTION
      24.   Subsidiaries
      and Affiliates.
      As used
      herein, the term "subsidiary"
      shall
      mean any corporation or other business entity controlled by the corporation
      in
      question, and the term "affiliate"
      shall
      mean and include any corporation or other business entity controlling,
      controlled by or under common control with the corporation in question. The
      terms "controlled,"
      "controlling,"
      "controlled
      by"
      and
"under
      common control with,"
      as used
      with respect to any person, means the possession, directly or indirectly, of
      the
      power to direct or cause the direction of the management and policies of such
      person, whether through the ownership of voting securities or by contract or
      otherwise.

     

    IN
      WITNESS WHEREOF,
      the
      undersigned have executed this Agreement as of the date first above
      written.

     

    
      	 	Standard
              Drilling, Inc.
	 	 	 
	 	 	 
	 	By:	 
	 	 	Prentis
              B. Tomlinson, Jr.
	 	 	Chairman
              and CEO
	 	 	 
	 	 	 
	 	Robert
              Moffett
	 	
            
	 	 
	 	Executive

    

    
 

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    
 

    Exhibit
      A

    to

    Employment
      Agreement 

    dated
      effective May 15, 2006

    by
      and between

    Standard
      Drilling Inc.

    and

    Robert
      T. Moffett

    Moffett
      Oil and Gas Minerals/ORRI's

    
 

    

    

    
      	1.	Moffett
              & Brewster minerals in the Arkoma Basin of Oklahoma and
              Arkansas
	2.	Consolidated
              Mineral Interest, LP
	3.	Moffett
              minerals/orri's in the Salt Creek, Sussex and Arch Federal Units in
              Wyoming
	4.	Letter
              Agreement dated April 7, 2006 by and among Frazier Oil Properties,
              LLC,
              et. al and Standard Drilling,
              Inc.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]