CONSULTING AGREEMENT- TSF
CONSULTING AGREEMENT-
TSF
This
Consulting Agreement is by and between Indigo-Energy, Inc., (IEI), a Nevada Corporation
located at 000 X. Xxxxx Xxxxxx Xxxx, Xxxxx 000, Xxxxxxxxx, XX 00000, and Xx.
Xxxxx Xxxxx, (The Xxxxx Foundation) of 0000 Xxxx Xxxxx Xxxx. #000, Xxxx Xxxxx,
XX 00000 (phone 817-236-2010- fax 000-000-0000 xxxx@xxxxxxxxxxxxxxxxxx.xxx),
(TSF), an organization,
collectively referred to as “The Parties”.
WHEREAS,
IEI is a developer of energy related properties, and
WHEREAS,
TSF has experience in gas and oil well drilling operations in the United States,
a network of drilling related contacts and relationships, is a consultant in oil
and gas financial and operational matters to a client list of potential
investors;
NOW, THEREFORE, in consideration of the
mutual covenants provided herein, the Parties agree as follows:
Services.
TSF will
perform ongoing duties under the direction of IEI’s President and Board of
Directors under the following parameters:
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1.
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Assisting
in raising short term funding dollars to help meet immediate expenses
regarding IEI’s well and drilling activities (Xxxxx) in the XxXxxx field
in Indiana, and
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2.
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Developing
a 45 day completion strategy to ensure IEI’s completion of the Xxxxx and
have them into full production, and
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3.
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Represent
IEI interests and in discussions and negotiations with field personnel,
prospective funding sources or related
parties.
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4.
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Provide
direct assistance in execution of the strategy described above in
#2.
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Compensation.
IEI shall
compensate TSF for these services as follows:
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1-
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Reimbursement
for all approved business-related expenses commencing May 15,
2009.
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2-
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TSF
shall receive ten thousand dollars ($10,000) payable five thousand dollars
by 15 May 2009 and another five thousand payable on or before May 22nd,
2009 for the completion of items #1 and #2 and #3 under the Services
section above.
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3-
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Payment
of an additional twenty-five thousand dollars ($25,000) for completion of
item #4 under the Services section above, said compensation subject to
receipt of funding from any source for the completion of the
Xxxxx.
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Independent Contractor and
No Agency Relationship. TSF shall be compensated as an
independent contractor with no employee relationship or agency and principal
relationship and shall thereby be responsible for all its own taxes, insurance,
licenses and fees and expenses related to its business and this
Agreement.
1
Governing
Law. This Agreement is being executed under and will be
governed by the laws of the State of Nevada.
Term. The
term of this Agreement is 45 days commencing 15 May 2009.
IN
WITNESS THEREOF, the Parties have executed this Agreement effective as of the
date signed below.
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May 15, 2009
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Xxxxx
Xxxxxx, President
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Date
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Xx.
Xxxxxxxx Xxxxx
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Xx.
Xxxxxxxx Xxxxx
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Date
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SSAN
or TIN
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2
