ENERGY & TECHNOLOGY CORP.
AGREEMENT FOR THE MUTUAL EXCHANGE OF CONFIDENTIAL INFORMATION
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<FILENAME>f8k030409ex10_energytech.htm
<DESCRIPTION>AGREEMENT FOR THE MUTUAL EXCHANGE OF CONFIDENTIAL INFORMATION
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    <div>&#160;</div>
    <div><font style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Exhibit
10.1</font></div>
    <div>&#160;</div>
    <div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">AGREEMENT
FOR THE MUTUAL EXCHANGE OF CONFIDENTIAL INFORMATION</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
Agreement is entered into effective this <font style="DISPLAY: inline; TEXT-DECORATION: underline">16</font> day of <font style="DISPLAY: inline; TEXT-DECORATION: underline">February</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">&#160;</font>2009
("Effective Date") between Baker Hughes Oilfield Operations, Inc., a California
corporation, by and through its Baker Oil Tools Division, having a mailing
address of 9100 Emmott Road, Houston, TX 77040 <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">("Baker");</font><font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">&#160;</font>and
Technical Industries, Inc., a corporation having a mailing address of P.O. Box
52523, Lafayette, LA 70505 <font style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt">("Technical
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt">Industries").</font> Each
party may also be referred to herein as "Disclosing Party" or "Receiving Party"
as appropriate.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
each party is interested in disclosing certain of its confidential <font style="DISPLAY: inline; FONT-SIZE: 10pt">and </font>proprietary information
related to that party's "Technology" as defined herein, for the "Purpose(s)"
stated herein; and each party desires to keep secret and proprietary to itself
the content of such disclosure; and</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WHEREAS,
each party desires to receive the other party's confidential and proprietary
information to review and evaluate the entering into a business arrangement
involving the inspecting of certain downhole equipment.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NOW,
THEREFORE, for and in consideration of the disclosure to each party of the
confidential and proprietary information of the other party, the sufficiency and
adequacy of which is hereby acknowledged, the parties agree as
follows:</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><font style="DISPLAY: inline; FONT-SIZE: 10pt">While the amount of Confidential
Information to be disclosed is completely within the discretion of </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing </font><font style="DISPLAY: inline; FONT-WEIGHT: bold">Party, </font>all disclosures
hereunder shall be completed no later than six (6) months following the
Effective Date hereof unless an extension of this period is agreed to by the
parties in writing.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">2.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The <font style="DISPLAY: inline; FONT-WEIGHT: bold">'Technology" </font>of each party
shall be defined as follows: (a) <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Baker" </font>Technology shall
include: certain specifications pertaining to carbon steel solid expandables for
ensuring reliability, and expansion testing techniques to validate said
specifications, excluding certain calibration standards developed jointly by
Baker and Technical Industries; and (b) " Technical Industries" Technology shall
include: certain ultrasonic inspection techniques for equipment set up and
calibration, and inspection techniques for inspection of tubulars, including.
transducer designs, layouts, or sketches developed solely by Technical
Industries.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-WEIGHT: normal; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">3.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The <font style="FONT-WEIGHT: bold">Disclosing Party</font> shall make disclosure of
proprietary and confidential information ("Confidential Information") in a
manner permitting the most appropriate and certain communication, i.e., orally,
electronically, in writing, or partly orally and in writing. <font style="DISPLAY: inline; FONT-WEIGHT: bold">"Confidential </font>Information"
shall mean any and all data and information contained in any tangible medium of
expression as provided by one party <font style="DISPLAY: inline; FONT-WEIGHT: bold">("Disclosing Party") </font>to the
other party <font style="DISPLAY: inline; FONT-WEIGHT: bold">("Receiving Party")
</font>pursuant to this Agreement relating to the Technology of each party, and
shall include but not be limited to ideas, concepts, development plans for new
or improved products or processes, data, formulae, techniques, designs,
sketches, know-how, photographs, plans, drawings, specifications, samples, test
specimens, reports, customer lists, price lists, findings, studies, computer
programs and technical documentation, trade secrets, diagrams, or inventions,
and all other relevant information pertaining thereto and which is prominently
marked as "Proprietary" or "Confidential." In the case of any item of
information that cannot be so marked, such as visual or oral information, such
item of information shall be considered Confidential Information if identified
as "confidential" before the disclosure thereof to the Receiving Party and
subsequently reduced to writing by the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party and </font>delivered
to the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party
</font>within thirty (30) days of the date of such disclosure. Upon request of
the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party,
</font>the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party
</font>agrees to (a) return all Confidential Information to the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party, </font>or (b)
destroy all such Confidential Information and certify such destruction to the
Disclosing by an appropriate officer of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party.</font></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">4.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>hereby
covenants and agrees that it (a) will not knowingly (either directly or
indirectly) reveal or disclose Confidential Information or the fact that the
parties have entered into this Agreement, to any other person, partnership,
association, or corporation; (b) will treat all such Confidential Information
received from the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing
Party </font>as a trade secret confidential and proprietary in nature to the
<font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party; </font>and
(c) will safeguard the secrecy of such Confidential Information by following
procedures at least as stringent as those used in safeguarding its own valuable
confidential information and trade secrets. Neither party shall be liable in
damages for any inadvertent disclosure of Confidential Information where at
least a reasonable degree of care has been exercised, provided that upon
discovery of such inadvertent disclosure it shall have endeavored to correct the
effects thereof and to prevent any further inadvertent disclosure.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">5. The
<font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party
</font>covenants and agrees not to use, sell, lease, license or otherwise
commercially use Confidential Information or distribute information regarding
the relationship of the parties, either directly or indirectly, unless express,
prior <font style="DISPLAY: inline; FONT-WEIGHT: bold">written
</font>authorization is obtained from the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party </font>signed by an
appropriate officer.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div>&#160;</div>
    <div>
      <div>&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">6.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">To
maintain the confidentiality attaching to Confidential Information, the
Receiving Party shall (a) limit disclosure of Confidential Information only to
those of its employees (i) who have a reasonable need to know and use such
Confidential Information in furtherance of this Agreement; (ii) who have been
informed of the confidential nature of the Confidential Information of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party </font>and of the
obligations of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving
Party </font>in respect thereof; and (iii) who have executed agreements with the
<font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party
</font>obligating such employees to maintain the confidentiality of the
Confidential Information at least to the extent required by this Agreement; (b)
not make copies of Confidential Information without the prior written approval
of the Disclosing Party, except to the extent necessary to carry out the
Purpose(s) specified in this Agreement; (c) not use,. reproduce, transform or
store any Confidential Information in an externally accessible computer or
electronic information retrieval system transmitted in any form or by any means
whatsoever outside of its usual place of business; (d) not permit or allow the
Confidential Information to be used or accessed by or otherwise made available
to any consultant or contractor of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>without the
prior written permission of the Disclosing Party; and (e) not make any changes,
modifications or enhancements to the Confidential Information, or to create any
derivative work from such Confidential Information.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nothing
hereinabove contained shall deprive the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>of the right
to use or disclose any information (a) which is, at the time of disclosure,
known to the trade or the public; (b) which becomes at a date later than the
time of disclosure known to the trade or the public through no fault of the
<font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving </font>Party; (c)
which is possessed by the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party, </font>as evidenced
by the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party's
</font>written records, before receipt thereof from the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party; </font>(d) which is
disclosed to the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving
Party </font>in good faith by a third party who has an independent right to such
information; (e) which is independently developed by or for the Receiving Party
without access to the information received from the Disclosing Party, as
evidenced by the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving
</font>Party's written records; or (f) which is required to be disclosed by the
<font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving </font>Party pursuant
to an order of a court of competent jurisdiction or other governmental agency
having the power to order such disclosure, provided the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>uses its best
efforts to provide timely notice to the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party </font>of such order
in order to permit the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing </font>Party an
opportunity to contest such order. Notwithstanding anything contained herein to
the contrary, each of the Parties (and each employee, representative, or other
agent of a Party) may disclose to any and all persons, without limitation of any
kind, the "tax treatment" and "tax structure" of the transaction (as such terms
are defined in Treasury Regulation Section 1.6011-4(c) (8) and (9),
respectively) and all materials of any kind (including opinions or other tax
analyses) that are provided to the Party related to such tax treatment and tax
structure.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">8.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Nothing
hereinabove shall be construed as granting or implying any right or license
under any Letters Patent or any right to <font style="DISPLAY: inline; FONT-WEIGHT: bold">use </font>any invention covered
thereby. Nothing hereinabove shall be construed as granting or implying any
right or duty to purchase any material, process or service. The obligations
incurred in paragraphs 4, 5 and 6 shall terminate five (5) years after the
Effective Date.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; TEXT-ALIGN: justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">9.</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>understands
and agrees that the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing
Party </font>is entitled, in the event of any breach of this Agreement, to
obtain a restraining order and/or injunction from any competent court of equity
to enjoin and restrain the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Receiving Party </font>and its
employees or agents from any disclosure of Proprietary Information of the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party. </font>Such
equitable remedies shall be in addition to and not in lieu of any damages to
which the <font style="DISPLAY: inline; FONT-WEIGHT: bold">Disclosing Party
</font>may be entitled by law.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">10. In
the event of any dispute, claim, question, or disagreement (the "dispute")
arising from or relating to this agreement or the breach thereof, the parties
hereto shall use their best efforts to settle the dispute by normal business
discussions. Should such discussions fail to resolve the dispute, any party may
give the other a written notice of any remaining dispute. The parties shall
continue to negotiate with each other in good faith and, recognizing their
mutual interests, attempt to reach a just and equitable solution satisfactory to
both parties. If they do not reach such solution within a period of 30 days,
then, upon notice by either party to the other, all disputes, claims, questions,
or differences (including issues relating to the formation of the agreement and
the validity of this arbitration clause) shall be finally settled by binding
arbitration administered by the American Arbitration Association ("AAA") in
accordance with the provisions of its Commercial Arbitration Rules, as well as
the Federal Rules of Civil Procedure and the Federal Rules of Evidence, and
judgment on the award rendered by the arbitrator(s) may be entered in any court
having jurisdiction thereof.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
arbitration Panel shall consist of a single arbitrator, unless otherwise agreed
to by the parties. The place of arbitration shall be Houston, Texas. If the
parties are not able to decide upon a neutral third party arbitrator within
thirty (30) days of the request for arbitration, then the AAA shall select an
arbitrator having at least twenty (20) years of experience in intellectual
property matters. All proceedings will be conducted in English. The parties
agree to hold the entirety of the arbitration proceedings, including knowledge
of the existence of any dispute or controversy, completely confidential except
for such disclosures as might be required by law. This arbitration agreement
does not limit or affect the right of either Party to seek from any court having
jurisdiction any interim, interlocutory, or provisional relief that is necessary
to protect the rights or property of that party. Alternatively, either Party may
apply to the AAA pursuant to the AAA Optional Rules for Emergency Measures
seeking injunctive relief until the arbitration award is rendered or the
controversy is otherwise resolved. This arbitration agreement does not limit or
affect the right of either Party to seek from any court having jurisdiction any
interim, interlocutory, or provisional relief that is necessary to protect the
rights or </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">property
of that party. Alternatively, either Party may apply to the AAA pursuant to the
AAA Optional Rules for Emergency Measures seeking injunctive relief until the
arbitration award is rendered or the controversy is otherwise
resolved.</font></div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: justify" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">11. This
Agreement sets forth the entire agreement between the parties relating to the
subject matter hereof and can only be amended or modified by an amendment in
writing signed by both parties. Failure of either party to seek a remedy for the
breach of this Agreement by the other shall not constitute a waiver of the right
of such party with respect to the same or any subsequent breach by the other
party. If any provisions of this Agreement shall be held unenforceable, such
holding shall not affect the enforceability of any other provisions of this
Agreement. This Agreement is entered into in contemplation of and shall be
construed in accordance with the laws of the State of Louisiana, excluding its
conflicts of law and choice of law statutes.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed by
their duly authorized officers.</font></div>
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                    <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Baker
      Hughes Oilfield Operations, Inc. through </font></font></div>
                    <div><font style="DISPLAY: inline; FONT-WEIGHT: bold"><font size="2">its Baker Oil Tools Division
      ("Baker")</font></font></div>
                  </td>
                  <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                  <td valign="top" width="6%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                  <td align="left" valign="top" width="35%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="DISPLAY: inline; FONT-WEIGHT: bold">Technical
      Industries Inc. ("Technical Industries")</font></font></td>
                  <td valign="top" width="12%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
                </tr>
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