Retainer Agreement Between: Traction Consulting Pty Ltd and Velocity Oil & Gas, Inc. (the Company)
Traction
Consulting
ABN:
79 130 096 623
00
Xxxxxxxx Xx
Surry
Hills
NSW
2010
Between:
Traction Consulting Pty Ltd and Velocity Oil & Gas, Inc. (the
Company)
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I,
Xxxxx Xxxxx, as President of Velocity Oil & Gas, Inc agree to perform
the following services
for the Company
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The
services to be provided are the executive management activities of
Velocity Oil & Gas, Inc.
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The
services will be provided under a Retainer Agreement between Velocity Oil
& Gas and
my personal company, Traction Consulting Pty
Ltd.
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The
Retainer Agreement will be for a monthly amount of $5,000.00, to be
accrued at the commencement
of each month. Payment will be in shares and/or cash as permitted by the
Company's cash
position.
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The
Retainer Agreement is to commence from 15 September, 2008, and will remain
in force until agreed otherwise by both
parties
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Payment
details
Please
make payment of the agreed monthly amount at the commencement of each month to
the following bank account details and include the reference number
VEL_TRC01.
[removed]
Expenses
(such as airfares or accommodation) will be itemised and invoiced separately
from the amount of the Retainer Agreement at the end of each
month.
TRACTION
CONSULTING
Xxxxx
Xxxxx
Managing
Director
Agreed:
Xxxxx
Xxxxxx. President (outgoing)
Velocity Oil &
Gas
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