EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 11th, 2018 • Pedevco Corp • Crude petroleum & natural gas • California
I, Frank C. Ingriselli, agree to the terms and conditions of employment with Pacific Energy Development Corp. (“Company”) set forth in this Employment Agreement (“Agreement”). This Agreement supersedes all previous agreements, promises, representations, understandings and negotiations between the parties, whether written or oral, with respect to the subject matter hereof.
EMPLOYEE SEPARATION AND RELEASEEmployee Separation and Release • May 11th, 2018 • Pedevco Corp • Crude petroleum & natural gas
This Employee Separation and Release (this “Agreement”) confirms the terms of your separation from employment with PEDEVCO Corp. (d/b/a/ Pacific Energy Development) (the “Company”) and Insperity PEO Services, L.P. (“Insperity”). You agree that effective as of 5:00 PM (Pacific) on May 31, 2018 (the “Separation Date”), your employment with the Company shall be considered mutually terminated by the parties. Along with such termination, all Company benefits to you (i.e., health insurance coverage, 401(k) plans and life insurance (if any)) will be terminated, provided that the Company will provide COBRA paperwork as required by law (if applicable).
INDEPENDENT CONTRACTOR AGREEMENTIndependent Contractor Agreement • May 11th, 2018 • Pedevco Corp • Crude petroleum & natural gas • California
This Independent Contractor Agreement (“Agreement”) is entered into on May 10, 2018 (the “Effective Date”), by and between PEDEVCO Corp. (the “Company”), located at 4125 Blackhawk Plaza Circle, Suite 201, Danville, CA 94506, and Michael L. Peterson, an individual (the “Contractor”) (collectively referred to as “Parties” or “the Parties”).
