May 12, 2004 Mr. Frank T. “Chip” Webster Houston, TX 77057 Dear Mr. Webster:Adams Resources & Energy Inc • November 12th, 2004 • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
This letter (the “Agreement”), when fully executed by ARE and Webster and duly approved and ratified by ARE’s Board of Directors (the “Board”), shall serve to evidence the agreement of ARE to employ Webster for the time period and upon and subject to the terms, conditions and provisions set forth below.
