Employment Agreement between Westside Energy and Sean J. Austin (Vice President & Controller) dated May 3, 2005

Summary

Westside Energy offers Sean J. Austin the position of Vice President & Controller, reporting to the President & CEO, with a starting annual salary of $140,000, subject to annual review. The agreement includes a start date of May 4, 2005, grants of WECG common stock (5,000 shares immediately, plus 10,000 shares vesting after one year and another 10,000 after two years), eligibility for standard employee benefits, and 15 days of annual vacation. The offer is contingent on reference checks and board approval. Acceptance is requested in writing.

EX-10.08 6 ex1008.txt AGREEMENT - SEAN J. AUSTIN 05/03/2005 EXHIBIT 10.08 Private and Confidential May 3, 2005 Mr. Sean J. Austin 6343 Edloe Houston, TX 77005 Dear Sean: I am pleased to offer you the position of Vice President & Controller for Westside Energy. In this position, you will report directly to me as President & Chief Executive Officer with an annual salary rate of $140,000, which will be reviewed annually. In addition to the above base salary, I propose the following: - Start date: May 4, 2005. - A grant of 5,000 shares of WECG common stock payable upon your first day of employment. - An additional grant of 10,000 shares of WECG common stock on your first day of employment, which will vest completely upon the one-year anniversary date of your first day of employment. - An additional grant of 10,000 shares of WECG common stock on your first day of employment, which will vest completely upon the two-year anniversary date of your first day of employment. - Employee Benefits: Upon your first day of employment, you will be eligible to receive all standard employee benefits. - Vacation: You will be entitled to 15 days vacation in 2005 and 15 days annually thereafter. Of course, this offer is subject to satisfactory reference checks and board approval. Sean, I hope your response to this offer will be positive. I believe you have the qualities necessary for success at Westside Energy, and I am confident you will find your career with us to be both challenging and rewarding. We definitely want you to join the Westside team and look forward to having a long and productive working relationship with you. If possible, we would appreciate your written response to this offer as soon as possible. Please sign and accept these terms below and fax your response to me at ###-###-####. Additionally, feel free to call me in the meantime to address any issues or resolve any questions. Sincerely /s/ Jimmy D. Wright Jimmy D. Wright President & Chief Executive Officer Agreed and Confirmed /s/ Sean J. Austin Sean J. Austin Date: May 3, 2005