USOG Employment Agreement for Alex Tawse
EXHIBIT 10.3
USOG Employment Agreement for Xxxx Xxxxx
Under the terms of this agreement, Xxxx Xxxxx is hereby appointed as President and Chief Executive Officer of United States Oil & Gas Corp. (USOG), a company incorporated in the state of Delaware.
Term
This agreement amends previous agreement dated February 1st, 2008, goes into affect February 1, 2010 and remains in effect for three years unless amended upon mutual agreement of both parties.
Responsibilities
Xxxx Xxxxx is being contracted to perform various executive, accounting and administrative tasks associated with the executive management of USOG. Xx. Xxxxx will have full authority and indemnification provided to an officer of the corporation.
Compensation
Xxxx Xxxxx will receive monthly payment of $10,000. The first payment is due by February 15th, 2010.
Other
The Company is aware and has no objection to Xxxx Xxxxx owning and serving as President of HR Management Systems (HRMS). HRMS is a vendor of USOG and provides administrative and prospecting services. The current monthly fee charged by HRMS to USOG for services is $7,250.
/s/ Xxxx Xxxxx | /s/ Xxxxxxx Xxxxxx | |
Xxxx Xxxxx | Xxxxxxx Xxxxxx, Director | |
January 5, 2010 | January 5, 2010 | |
Date | Date | |
/s/ Xxxxxxx Xxxx | ||
Xxxxxxx Xxxx, Secretary | ||
January 5, 2010 | ||
Date |