Description of Oral Consulting Agreements

Exhibit 10.10

Description of Oral Consulting Agreements

 

 

1. ▇▇▇▇▇ ▇. ▇▇▇▇ serves as Chief Executive Officer and Chief Financial Officer of the Company pursuant to an oral agreement among ▇▇. ▇▇▇▇, Santa Fe Operating, Inc. and the Company (the “Hall Agreement”). Pursuant to the terms of the Hall Agreement, the Company has agreed to pay ▇▇. ▇▇▇▇ a $10,000 monthly fee plus payment of out of pocket expenses. The Hall Agreement is terminable on 30 days’ notice.

 

2. ▇▇▇ ▇▇▇▇▇▇▇ serves as a consultant to the Company, pursuant to an oral agreement among ▇▇. ▇▇▇▇▇▇▇, SF Petroleum, LLC (an affiliate of the Company) and the Company (the “▇▇▇▇▇▇▇ Agreement”). Pursuant to the terms of the ▇▇▇▇▇▇▇ Agreement, the Company has agreed to pay ▇▇. ▇▇▇▇▇▇▇ a $15,000 monthly fee plus payment of out of pocket expenses in return for his consulting services. The ▇▇▇▇▇▇▇ Agreement is terminable on 30 days’ notice.

 

3. ▇▇▇▇▇▇ ▇▇▇▇▇▇ serves as a consultant to the Company, pursuant to an oral agreement among ▇▇. ▇▇▇▇▇▇, SF Petroleum, LLC and the Company (the “▇▇▇▇▇▇ Agreement”). Pursuant to the terms of the ▇▇▇▇▇▇ Agreement, the Company has agreed to pay ▇▇. ▇▇▇▇▇▇ a $10,000 monthly fee plus payment of out of pocket expenses in return for his consulting services. The ▇▇▇▇▇▇ Agreement is terminable on 30 days’ notice.

 

4. ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ serves as a consultant to the Company, pursuant to an oral agreement among ▇▇. ▇▇▇▇▇▇▇▇▇▇▇, SF Petroleum, LLC and the Company (the “Dangelmaier Agreement”). Pursuant to the terms of the Dangelmaier Agreement, the Company has agreed to pay ▇▇. ▇▇▇▇▇▇▇▇▇▇▇ a $7,500 monthly fee plus payment of out of pocket expenses in return for her consulting services. The Dangelmaier Agreement is terminable on 30 days’ notice.