SERVICE AGREEMENT
THIS AGREEMENT dated for reference the 14th day of October, 2005
BETWEEN: Xxxxx Xxxxxxxxxx
(the "Service Provider")
AND: Strata Oil & Gas Inc.
#000- 000 00xx Xxx XX
Xxxxxxx, Xxxxxxx
X0X X0X
(the "Company")
WHEREAS:
A. The Company is a Canadian corporation in the business of oil and gas
exploration; and B. The Company desires to develop oil and gas properties; and
C. The Company desires to retain the services of the Service Provider in the
capacity pursuant to the terms
hereof; and
D. The Service Provider is an individual possessing professional
qualifications in the oil and gas exploration industry; and
E. The Service Provider is willing to serve as a Director of the
Company
THIS AGREEMENT WITNESSES THAT in consideration of the premises and mutual
covenants herein contained, and for other good and valuable consideration, the
receipt and sufficiency of which is acknowledged by each party, the parties
agree as follows
1. ENGAGEMENT: The Company herby engages the Service Provider to provide the
services referred to in Section 3 hereof for the consideration hereinafter set
forth and the Service Provider hereby accepts such engagement by the Company,
all and subject to the terms and conditions of this Agreement.
2. TERM: The Service Provider's engagement shall commence October 12, 2005 and
continue for as long as the Service Provider is a director of the Company.
Nothing herein shall prevent the Service Provider from offering or performing
services to other businesses.
3. DUTIES: The Service Provider will utilize his expertise to serve on the Board
of Directors of the Company.
4. COMPENSATION: In consideration for the services of the Service Provider to be
provided to the Company under this agreement, the Company will pay to the
Service Provider and/or his agent, an amount of USD $ 500 per month. Payment
will be made to the Service Provider in advance on a quarterly basis.
5. CONFIDENTIALITY AND NON-DISCLOSURE: The Service Provider agrees on behalf of
himself that any information provided to him by the Company of a confidential
nature will not be revealed or disclosed to any person or entity, except in the
performance of this Agreement or as directed by legal or regulatory authority.
6. ENTIRE AGREEMENT: This Agreement, hereto constitutes the entire agreement
between the parties hereto and there are no representations or warranties,
express or implied, statutory or otherwise other then set forth in this
Agreement and there are no agreement collateral hereto other than as are
expressly set forth or referred to herein. This Agreement cannot be amended or
supplemented except by a written agreement executed by both parties hereto.
7. COUNTERPARTS: This Agreement may be executed in counterparts together shall
constitute one and the same instrument.
IN WITNESS WHEREOF the Parties have duly executed this Agreement as of the date
set out above of this Agreement.
Strata Oil & Gas Inc.
Per Xxxxx Xxxxxxxxxx Per Xxxxx Xxxxxx, President
Authorized Signatory Authorized Signatory
/s/ Xxxxx Xxxxxxxxxx /s/ Xxxxx Xxxxxx
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