This Consulting Agreement (the “Agreement”) is made and entered into by and between Bayou City Exploration, Inc., a Nevada Corporation (hereinafter “COMPANY”) with offices located at 10777 Westheimer, Suite 170, Houston, Texas 77142 and Bart Birdsall (hereinafter “CONSULTANT”) whose address is P.O. Box 90733, Houston, Texas 77290. COMPANY and CONSULTANT are sometimes hereinafter referred to, individually, as “Party” and, collectively, as the “Parties”.
WHEREAS, COMPANY has requested CONSULTANT to perform certain services as herein set forth and CONSULTANT has agreed to perform such services subject to the terms of this Agreement; and
NOW, THEREFORE, in consideration of the mutual agreements and covenants herein contained and other good and valuable consideration, the sufficiency of which is hereby acknowledged, CONSULTANT and COMPANY hereby agree as follows:
1. DESCRIPTION OF SERVICES
COMPANY hereby retains CONSULTANT to provide consulting services to evaluate subsurface geological and 3-D geophysical data and other data in areas which are interest to the COMPANY to identify drilling opportunities prospective of hydrocarbon reserves (the “Prospect/s”) for the COMPANY and shall perform such other related services included but not limited to the marketing of Prospects identified, to third parties (the “Services”). In addition CONSULTANT agrees to function as Exploration Project Manager of Projects designated by COMPANY and will direct the activities of other Exploration consultants engaged in the generation of Prospects for the COMPANY. In this capacity CONSULTANT will report directly to the President of COMPANY.
2. STANDARD OF SERVICES
The CONSULTANT shall have complete control over the details in which the Services are performed subject to the satisfactory completion of the Services. CONSULTANT shall be free to determine the hours in the day during which it will perform the Services, provided to the extent possible CONSULTANT will be available to COMPANY as scheduled business hours of COMPANY. CONSULTANT agrees that he will not, during the term of this Agreement, do any work, perform any services, or serve as a consultant for a third party where those activities would, in the reasonable judgment of COMPANY create a conflict of interest with his activities, duties, obligations, and responsibilities as set forth in this Agreement.
CONSULTANT will be paid cash compensation in the amount of Seven Hundred Dollars ($700) per day. CONSULTANT agrees to submit an invoice for cash compensation plus all approved expenses in two week increments beginning at the completion of the initial two week period in this Agreement. For each Prospect accepted by COMPANY, COMPANY will define an Area of Mutual Interest (the “AMI”). CONSULTANT shall
be assigned a one per cent