|
Exhibit 10.4
CONSULTING AGREEMENT
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.
3. COMPENSATION
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
1
be assigned a one per cent (1%) overriding royalty interest
proportion
| 
