The Executive shall serve as the President and Chief Executive Officer of the Company and Chairman of its Board of Directors, reporting to the Company’s Board of Directors (the “ Board ”). The Executive shall have such duties and responsibilities, commensurate with the Executive’s position, as may be reasonably assigned to the Executive from time to time by the Board. The Executive’s principal place of employment shall be Dallas, Texas; however, the Executive may deem it necessary to spend significant time outside of the Executive’s office in efforts to raise capital, evaluate business transaction or similar efforts.