Nutek Oil, Inc.
900 N.E. Xxxx 000, Xxxxx X000
Xxx Xxxxxxx, Xxxxx 00000
Tel : 000-000-0000
August 13, 2002
To:
Xxxxxx's Pumping Service
000 Xxxxxxxxxx
Xxxxxx, XX 00000
Attn: Xxxxxxx Xxxxx, owner
Re: Contract pumping services for Nutek Oil, Inc. leases in Big Foot and Kyote
Xxxxxx
Xxxxx,
This will confirm our verbal agreement for the contract pumping for our leases
in the Big Foot and Kyote fields as follows:
1. You will handle all pumping, sales of crude oil, normal repairs, and other
services which are a normal part of pumping services for oil leases. This will
include all normal reports.
2. You will be paid initially the sum of twenty five hundred dollars
($2,500.00) per mo. with the intent to escalate this amount as more xxxxx are
completed and put on production up to a maximum of thirty two hundred dollars
($3,200.00) per mo. for all of the existing xxxxx. The pay for each month will
be mutually agreed by yourself and Xxxx Xxxxxxxx prior to the beginning of said
month. This will be paid at the beginning of each month for pumping services
for that month.
3. You will be paid for any additional repairs or services which are not a
part of normal pumping services on an invoice basis. This will be paid within
thirty days after the end of the month in which such repairs or services were
performed.
4. This agreement is effective as of 8-1-02 and will continue in force and
effect until terminated by either party with thirty (30) days written notice.
5. This agreement may be amended in writing by both parties.
I believe that this covers the general terms of our agreement.
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Yours very truly,
Nutek Oil, Inc.
By: /s/ Xxxxxx Xxxxxxxx
------------------------
Xxxxxx X. Xxxxxxxx, CEO
If the above letter sets forth our agreement as you understand it, please
signify by signing below and returning one copy:
Accepted by:
Xxxxxx's Pumping Service
By: /s/ Xxxxxxx Xxxxx 8-14-02
---------------------- -------
Xxxxxxx Xxxxx, owner Date
Approved by:
Nutek Oil, Inc.
By: /s/ Xxxxxx Xxxxxxxx 8-13-02
------------------------ -------
Xxxxxx X. Xxxxxxxx, CEO Date
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