Consulting AgreementConsulting Agreement • December 22nd, 2006 • American Oil & Gas Inc • Crude petroleum & natural gas • Colorado
This letter when signed below shall constitute a contract between American Oil & Gas, Inc. (“AOG”) and Feagans Consulting, Inc. (“FCI”) whereby the two parties have agreed that, subject to the other terms and conditions of this contract, FCI shall provide consulting services to AOG for the 18 month period from January 1, 2006 through June 30, 2007 (the “Consulting Period”). As compensation for providing these consulting services, FCI shall receive from AOG the following: 1) $4,000.00 per month payable on a monthly basis during the Consulting Period (the “Cash Compensation”); and 2) a total of 27,000 shares of AOG common stock, (the “Shares”) with 1,500 of the Shares earned as of the last day of each month during the Consulting Period (the “Share Compensation”). AOG will issue a stock certificate in FCI’s name for the aggregate of the Share Compensation to be earned by FCI in accordance with the terms of this contract (27,000 shares) as soon as practical after January 1, 2006. AOG will
