Consulting Agreement
This
Consulting Agreement (“Agreement”) shall serve to set forth the terms and
conditions of the
agreement between American Energy Production (the “Consultant”) and Emerald Bay
Energy
(XXX) concerning services related to the sales and acquisition of oil field
tubulars in South
Texas. The terms and conditions of this Agreement are as follows:
1. The
terms of the Agreement shall commence as of March 1, 2010 and shall continue
thereafter
for 18 months from the commencement date
2. The
Consultant’s fee for performance of the services rendered by the Consultant
shall be
$2,000.00 per month for the specified services agreed upon by both parties. The
Consultant shall be
paid on a monthly basis, upon receipt of invoice from Consultant. Invoices shall
be submitted
on a monthly basis. A bonus of $800.00 will be paid to the Consultant at the end
of this
contract, with the projected total compensation to be $36,800.00 U.S.
dollars
3. It is
agreed and understood that all services performed by Consultant hereunder will
be performed
as an independent Consultant and not as an employee of XXX. Consequently,
Consultant
shall not be entitled to participate in any employee benefits programs provided
by XXX to
its employees.
4. The
Consultant shall indemnify and hold harmless XXX from and against all claims and
causes of
action, including defense thereof, made against XXX on account of personal
injury or property
damage arising out of, in connection with, or incident to work performed by XXX
or by Consultant
for XXX.
This
Agreement shall be interpreted in accordance with the laws of the State of
Texas.
Accepted
and agreed to this 1st day
of March, 2010.
American
Energy Production
Att:
Xxxxxxx Xxxxxxx
XX Xxx
0000
Xxxxxxx
Xxxxx, Xxxxx
00000 /s/ Xxxxxxx Xxxxxxx
American
Energy Production
Accepted
and agreed to this 1st day
of March,
2010 /s/ Xxxxxx Xxxxxxx
Emerald
Bay Energy
