FIRST AMENDMENT
TO
EMPLOYMENT AGREEMENT
THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (this "Amendment") is made
as of September 22, 2004, by and between QUEST RESOURCE CORPORATION, a Nevada
corporation (hereinafter referred to as "Employer"), and Xxxxx X. Xxxx
(hereinafter referred to as "Employee").
WHEREAS, Employer and Employee are parties to that certain Employment
Agreement dated as of November 7, 2002 (the "Employment Agreement");
WHEREAS, Employer's board of directors have elected Employee to serve as
Chairman of the Board and sole Chief Executive Officer; and
WHEREAS, Employer and Employee desire to amend the Employment Agreement
in order to reflect Employee's election to serve as Chairman of the Board and
sole Chief Executive Officer of Employer, and no longer as Co-Chief Executive
Officer, Chief Financial Officer, Secretary and Treasurer.
NOW, THEREFORE, in consideration of the foregoing and of other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:
AMENDMENT:
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1. Section 2.1 of the Employment Agreement is hereby deleted in its
entirety with the following new Section 2.1 inserted in lieu thereof:
2.1 The Employee will serve as Chairman of the Board and
Chief Executive Officer of the Employer and will have such
authority and responsibility as are customarily conferred on a
chief executive officer of a corporation.
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IN WITNESS WHEREOF, Employer and Employee have duly executed this
Agreement under seal as of the day, month and year first above written.
EMPLOYER: QUEST RESOURCE CORPORATION,
a Nevada corporation
By: /s/ Xxxxxxx X. Xxxx
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Xxxxxxx X. Xxxx, President
EMPLOYEE: /s/ Xxxxx X. Xxxx
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Xxxxx X. Xxxx
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