CONSULTING
AGREEMENT
THIS CONSULTING AGREEMENT
("Agreement") is dated September 29, 2009, between AMERICAN SIERRA
GOLD CORP., a corporation with offices at 8 th floor,
200 S. Virginia, Reno NV 89501 (the "Company") and Johannes
Petersen, businessman, with an address at 2 Eaton Gate, London,
SW1W9BJ, United Kingdom (the "Director").
NOW THEREFORE THIS AGREEMENT
WITNESSES as follows:
1.1
Appointment of Director . The Company hereby agrees to
appoint the Director as a member of the Company's Board of
Directors (the "Board") and the Director hereby agrees to be a
member of the Board upon the execution of this Agreement. The
Director will advise the Company on issues as requested by the
Company and will act as Chief Financial Officer of the Company (the
"Services"). The Company will notify the public of the Director's
position. The Director will make himself reasonably available to
attend meetings or for conversations to discuss the business of the
Company at the Company's request.
1.2
Compensation . As compensation for being a member of the
Board pursuant to this Agreement, the Company agrees to pay
US$5,000 per calendar month to the Director, amount which will be
payable on the 1 st working day of each month this
Agreement remains valid.
1.3
Restricted Shares . As compensation for being a member of
the Directory Board pursuant to this Agreement, the Company agrees
to grant 1,000,000 restricted shares of the Company's common stock
(the "Shares") to the Director upon this Agreement becoming
effective. The share shall vest over a period of one year from the
date this agreement becomes effective.
1.4
Director's Acknowledgements . The Director acknowledges that
the Shares will not be registered under the laws of any country,
including the United States Securities Act
of 1933 (the "1933 Act"), or under
any state securities or "blue sky" laws of any state of the United
States, and, unless so registered, may not be offered or sold in
the United States or to U.S. Persons, except in accordance with the
provisions
