Exhibit 10.3 EMPLOYMENT AGREEMENT This Employment Agreement ("Agreement") is entered into effective as to the date signed below between Forster Drilling Corporation a Nevada corporation (the "Company"), and Bud Najvar (the "Executive"). RECITALS...Employment Agreement • June 22nd, 2006 • Process Technology Systems Inc • Non-operating establishments • Texas
Exhibit 10.1 EMPLOYMENT AGREEMENT This Employment Agreement (the "Agreement") is entered into effective as of the date signed below between Forster Drilling Corporation, a Nevada corporation (the "Company"), and Fred E. Forster III (the "Executive")....Employment Agreement • June 22nd, 2006 • Process Technology Systems Inc • Non-operating establishments • Texas
AGREEMENT AND PLAN OF REORGANIZATIONAgreement and Plan of Reorganization • June 6th, 2006 • Process Technology Systems Inc • Non-operating establishments • Texas
Exhibit 10.2 EMPLOYMENT AGREEMENT This Employment Agreement ("Agreement") is entered into effective as to the date signed below between Forster Drilling Corporation a Nevada corporation (the "Company"), and W. Scott Thompson (the "Executive")....Employment Agreement • June 22nd, 2006 • Process Technology Systems Inc • Non-operating establishments • Texas
WRITTEN COMPENSATION AGREEMENT Subject to the following shares of common stock ("restricted securities") being issued pursuant to Rule 701 of the Securities and Exchange Commission, William A. Silvey, Jr., W. Scott Thompson and Leonard W. Burningham,...Written Compensation Agreement • February 18th, 2000 • Process Technology Systems Inc
Subject to the following shares of common stock ("restricted securities") being issued pursuant to Rule 701 of the Securities and Exchange Commission, William A. Silvey, Jr., W. Scott Thompson and Leonard W. Burningham, Esq., agree to respectively accept 800,000, 800,000 and 400,000 shares of the one mill ($0.001) par value common stock of Process Technology Systems, Inc., a Nevada corporation (the "Company"), for non-capital raising services rendered regarding the Company, including, but not limited to bringing the Company current in its filings with the State of Nevada; various meetings and conferences in respect thereof; review of related correspondence and corporate records; discussions with the Company's accounting firm and review of drafts and final copies of audited financial statements; and various conference calls and discussions with Mr. Burningham respecting same; all of which services are valued at $2,000 or $0.001 per share.
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • November 6th, 2006 • Forster Drilling Corp • Non-operating establishments • Texas
This Registration Rights Agreement dated as of the date set forth on the signature page (“Agreement”) is by and between Forster Drilling Corporation (the “Company”), and the signatory on the signature page (the “Holders”).
ARTICLE ONE Registration Rights AgreementRegistration Rights Agreement • May 6th, 2005 • Process Technology Systems Inc • Non-operating establishments • Nevada
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 6th, 2006 • Forster Drilling Corp • Non-operating establishments • Texas
This SECURITIES PURCHASE AGREEMENT (this “Agreement”) is dated as of October 31, 2006 and is by and among Forster Drilling Corporation. a Nevada corporation (the “Company”), and each investor listed on Exhibit A hereto (each such investor individually, a “Purchaser” and, collectively, the “Purchasers”; such Purchasers and their transferors are hereinafter individually referred to as a “Holder” and, collectively, the “Holders”).
CONSULTING AGREEMENTConsulting Agreement • March 15th, 2007 • Forster Drilling Corp • Non-operating establishments • Texas
This Consulting Agreement (“Agreement”) is entered into this 15th day of March, 2006 between M. Roxanne Cort and/or assigns (“Consultant”), a business engaged in providing consulting services, through its partners, subsidiaries or affiliates and Forster Drilling Corporation, a corporation located in Houston, Texas (“Client” or the “Company”), in connection with the rendering by Consultant to Client of consulting services, as described herein below, for and in consideration of the compensation described.
INTERCREDITOR AGREEMENTIntercreditor Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
This INTERCREDITOR AGREEMENT is dated as of January 3, 2008, and entered into by and among FIRST SECURITY BANK, as trustee and collateral agent under the Senior Note Indenture (as hereinafter defined) the (“Senior Note Trustee”),BANK OF THE OZARKS in its capacity as trustee and collateral agent under the Subordinated Note Indenture (as hereinafter defined) (the “Subordinated Note Trustee”), FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Borrower”) and Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation (individually, as “Subsidiary” and, collectively, the “Subsidiaries”). Capitalized terms used herein but not otherwise defined herein have the meanings set forth in Section 1 below.
SENIOR PLEDGE AGREEMENTSenior Pledge Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SENIOR PLEDGE AGREEMENT (this “Agreement”) dated as of January 3, 2008, is made by FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Pledgor”), in favor of FIRST SECURITY BANK (the “Trustee”).
SUBORDINATED PLEDGE AGREEMENTSubordinated Pledge Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED PLEDGE AGREEMENT (this “Agreement”) dated as of January 3, 2008, is made by FORSTER DRILLING CORPORATION, a Nevada corporation, (the “Pledgor”), in favor of Bank of the Ozarks (the “Trustee”).
SUBORDINATED SECURITY AGREEMENTSubordinated Security Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED SECURITY AGREEMENT is made as of January 3, 2008, by Forster Drilling Corporation, a Nevada corporation (“Borrower”), Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation, each a wholly-owned subsidiary of Borrower (the “Subsidiaries”; and collectively with the Borrower, “Grantor”), in favor of Bank of the Ozarks (“Trustee”).
FORM OF NOTEForster Drilling Corp • November 6th, 2006 • Non-operating establishments • Nevada
FOR VALUE RECEIVED, the undersigned, Forster Drilling Corporation, Inc. (the “Company”), a corporation organized and existing under the laws of the State of Nevada, hereby promises to pay _________________________________, or registered assigns, the principal sum of [_______________________________] DOLLARS on November 1, 2007 with interest (computed on the basis of a 360-day year of twelve 30-day months) on the unpaid balance thereof at the rate of 12% per annum from the date hereof. This Note is one of a series of 12% Convertible Notes due November 1, 2007 (the “Notes”) issued pursuant to the Securities Purchase Agreement, dated as of October 31, 2006 (as from time to time amended, the “Purchase Agreement”), among the Company and the Purchasers named therein and is entitled to the benefits thereof. This Note is subject to the terms and conditions of the Purchase Agreement and in the case of a perceived conflict between this Note and the Purchase Agreement, the provision of the Purcha
EMPLOYMENT AGREEMENTEmployment Agreement • March 15th, 2007 • Forster Drilling Corp • Non-operating establishments • Texas
This Employment Agreement ("Agreement") is entered into effective as of the date signed below between Forster Drilling Corporation, a Nevada corporation (the "Company"), and Cullen Hudnall (the "Executive").
SENIOR SECURITY AGREEMENTSenior Security Agreement • January 9th, 2008 • Forster Drilling Corp • Oil & gas field machinery & equipment • Texas
THIS SUBORDINATED SECURITY AGREEMENT is made as of January 3, 2008, by Forster Drilling Corporation, a Nevada corporation (“Borrower”), Forster Drilling, Inc., a Texas corporation, Forster Tool & Supply, Inc., a Nevada corporation, and Forster Exploration & Production, Inc., a Nevada corporation, each a wholly-owned subsidiary of Borrower (the “Subsidiaries”; and collectively with the Borrower, “Grantor”), in favor of First Security Bank (“Trustee”).
PROCESS TECHNOLOGY SYSTEMS, INC. LOCK-UP/LEAK-OUT AGREEMENT THIS LOCK-UP/LEAK- OUT AGREEMENT (the "Agreement") is made and entered into as of the ___ day of March, 2005, between Process Technology Systems, Inc., a Nevada corporation ("Process"), and...Out Agreement • May 6th, 2005 • Process Technology Systems Inc • Non-operating establishments • Nevada
