Nutek Oil, Inc.
900 N.E. Loop 000, Xxxxx X-000
Xxx Xxxxxxx, Xxxxx 00000
Tel : 000-000-0000
September 15, 2003
To:
Xxxxx X. Xxxxxx
000 XX Xxxx 000, Xxxxx X-000
Re: Letter Agreement for the services of Xxxxx X. Xxxxxx
Xxxx,
This will confirm our verbal agreement whereby we will contract the services of
Xxxxx X. Xxxxxx in order to consult, supervise field operations and oversee
general operations in South Texas for Nutek Oil, Inc. beginning October 1,
2003.
The general terms of our agreement are as follows:
1. Services: You will be available for telephone consultation as may be
necessary. When available you will supervise well workovers, drilling, or re-
entry operations. When available you will also supervise lease work.
2. Term: This agreement will continue in force from October 1, 2003 until
terminated by fifteen (15) days notice given by either party.
3. Payment: You will earn fifty dollars per hour ($50.00) for any telephone
consulting or evaluation of oil opportunities or materials provided to you by
Nutek Oil for review.
4. Reimburse Expenses: Nutek Oil, Inc. will reimburse expenses to Xxxxx X.
Xxxxxx at a flat rate of one hundred dollars ($100.00) per day for supervision
of lease work and one hundred and fifty ($150.00) per day for supervision of
well work.
5. Changes to agreement: This letter agreement may only be changed or amended
in writing by both parties hereto.
I believe that this covers the general terms of our agreement.
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If the above letter sets forth our agreement as you understand it, please
signify by signing below and returning one copy:
Accepted by:
Xxxxx X. Xxxxxx
By: /s/ X.X. Xxxxxx 9-15-03
---------------------- -------
/s/ X.X. Xxxxxx, Individual Date
Approved by:
Nutek Oil, Inc.
By: /s/ Xxxxxx Xxxxxxxx 9-15-03
------------------------ -------
Xxxxxx X. Xxxxxxxx, CEO Date
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