CONSULTANT
AGREEMENT
This
Consultant Agreement (the " Agreement ") is made effective
as of February 15, 2007, by and between Atrisco Oil and Gas, LLC
(the " Company ") and Peter Sanchez (the " Consultant
") (collectively referred to as the " Parties "),
The Parties
agree as follows:
1.
SERVICES :
Company shall employ Consultant in the position of Chief Executive
Officer. Consultant's duties shall include: All business
development, marketing, public relations and administrative duties
consistent with the By-Laws of Atrisco Oil and Gas, LLC, as well as
any other duties as may be assigned by Company from time to
time.
2. INDEPENDENT
CONTRACTOR : In the performance of consulting
services hereunder, Consultant shall be an independent contractor
with the sole authority to control and direct the performance of
the details of the services. Company is interested only in the
results obtained. Nothing herein shall be construed to create an
Employer-Employee relationship between Company and Consultant
3. CONSULTANT
COMPENSATION/BENEFITS : For services provided,
Company will pay Consultant an annual salary of $25,000.00, paid
twice a month. Consultant shall be eligible during the term of this
Agreement to receive an annual increase in compensation of three
percent (3%).
4.
EXPENSES :
Company will reimburse Consultant for reasonable benefits incurred
by Consultant in the performance of his duties. Reimbursement will
be handled in accordance with Company's normal practices and
policies.
5.
LAWS AND
REGULATIONS : Consultant shall secure all permits
or licenses required by law for performing the services hereunder,
and Consultant shall comply with all laws and regulations
pertaining to the services hereunder. Without limiting the
generality of the foregoing, Consultant shall be responsible for
complying with all local, state, and federal tax laws and
regulations, and for the payment of all payroll, income, social
security, unemployment and other taxes.
6.
CONFIDENTIALITY: Consultant acknowledges that he may have
access to Company's confidential and proprietary information. Such
confidential information may include, without limitation,
i) business and financial information, ii) business methods
and practices, iii) personal information about any one or more of
the heirs of the Atrisco Land Grant, iv) marketing strategies and
other such information as the Company may designate as confidential
(" Confidential Information "). Consultant agrees to not
disclose to any other person (unless required by law) or use for
personal gain any Confidential Information at any time during or
after the termination of employment, unless Company grants express,
written consent of such a disclosure. In addition, Consultant will
use his best efforts to prevent any such disclosure. Confidential
information will not include information that is in the public
domain, unless such information falls into public domain through
Consultant's unauthorized actions.
7.
OTHER RULES AND POLICIES: Consultant agrees to abide by any
other rules, policies or procedures as communicated by Company that
are generally applicable to consultants of Company.
8.
TERM AND
TERMINATION: This is a contract for services
between Company and Consultant for a period of four (4) years from
the effective date of the Agreement. This Agreement may be
terminated prior to the expiration of the Term of this Agreement by
either party upon ninety (90) days written notice to the other. If
Company shall so terminate this Agreement prior to the expiration
of the Term, Consultant shall be enti
