EXHIBIT 10.3
 
THIS AMENDING AGREEMENT MADE AS OF THE 10th DAY OF JULY, 2013
 
BETWEEN:
 
NORTHERN ALBERTA OIL LTD.
a body corporate
(hereinafter referred to as "the Company")

OF THE FIRST PART

- and -
 
PORTWEST INVESTMENTS LTD.
a body corporate
(hereinafter referred to as “the Consultant”)

OF THE SECOND PART
 
CONSULTING AGREEMENT AMENDMENT
 
WHEREAS the Company is in the business of buying, selling, financing, developing
or otherwise dealing with oil and gas properties

AND WHEREAS the Company entered into an agreement on July 1, 2005 (the Prior
Agreement.

AND WHEREAS the Company and the Consultant wish to amend that Prior Agreement.

AND WHEREAS the Company owes the Consultant significant amounts of money through
to June 20, 2013

NOW THEREFORE, in consideration of the mutual covenants contained herein, the
Parties agree to amend the Prior Agreement as follows:
 
 
Amending Agreement – Memorandum dated July 10, 2013
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1
EFFECTIVE DATE
     
Effective June 20, 2013, the Consultant shall continue to provide the services
as in the past and as set out in the Prior Agreement until termination of this
Agreement in accordance with the terms herein.
   
2
TERM OF CONTRACT
     
This Agreement shall remain effective and the Consultant’s Representative shall
continue to provide his expertise and service as Advisor and Agent for the
Company in regards to all matters undertaken on behalf of the Company until
December 31, 2014 in accordance with the terms herein.
   
3
FEES

 
 
3.1
The Company will pay fees to the Consultant in the sum of ONE ($1.00) DOLLAR in
Canadian currency (the “Fee”) payable upon the execution of this Amending
Agreement.  This Fee does not include any fees or remuneration that the
Consultant or the Consultant’s Representative receives for acting as a director
of Deep Well Oil & Gas, Inc. (“DWOG”)

 
 
3.2
the Company (directly or through DWOG) will grant the Consultant a 5 year
options on 1,000,000 of its common shares exercisable at $0.05 USD per
share.  One half of these share are vested immediately and the remaining one
half will be vested on June 20, 2014. The other terms and conditions of the
option shall be in the same form which the company has granted in the past.

 
4
EXPENSES
     
The Company shall reimburse the Consultant, at cost, for all third party,
travel, long distance, cellular, meal, meeting, rental, equipment and office
expenses incurred on behalf of the Company.  Mileage will be charged at $0.60
Cdn per kilometer escalating in accordance with the Canadian Revenue Agency
guidelines.
   
5
RETENTION OR PROIR AGREMENT CLAUSES
     
Clauses of the Prior Agreement that are retained are:

 
 
●
Paragraph 6 - Independent Contractor,

 
●
Sub-Paragraphs 7.2 and 7.3 - Termination,

 
●
Paragraph 9.2 – Consultant’s Duties,

 
●
Paragraph 11 – Indemnity

 
●
Paragraph 14 – Return of Property

 
●
Paragraph 15 – Governing Law

 
 
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●
Paragraph 16 - Construction

 
●
Paragraph 17 – Headings

 
●
Paragraph 18 - Taxes

 
6
TERMINATION OF PRIOR AGREEMENT CLAUSES
     
Clauses of the Prior Agreement that are terminated are (other then those
paragraphs modified in this Amending Agreement:

 
 
●
Sub-Paragraphs 7.1,

 
●
Paragraph 8 – Termination after Change in Control,

 
●
Paragraph 9.1 – Consultant’s Duties

 
7
CONSIDERATION FOR TERMINATION OF PRIOR AGREEMENT
     
As consideration for the execution of this Amending Agreement and the
Termination of parts of the Prior Agreement set out herein, the Consultant will
receive:

 
 
7.1
$70,000 Cdn, and

 
 
7.2
850,000 units of DWOG shares and warrants at a price of $0.05 USD per
unit.  Each unit shall be comprised of one restricted DWOG common share and one
3 year full warrant entitling the Consultant to be able to purchase another
share for $0.075 USD per share based on the same terms and conditions that DWOG
historically issued it share/warrant units. The warrants expire on June 20,
2016.

 
8
NOTICE
     
Notices served in accordance with the provisions of this Amending Agreement or
the Prior Agreement shall be in writing and served in person to the other party
or mailed postage prepaid:
     
To the Company:

Suite 700, 100 Street Place
10150 – 100 Street NW
Edmonton, Alberta
T5J 0P6

To the Consultant:

Portwest Investments Ltd.
c/o PO Box 1651
Edmonton, AB T6J 2N9
Attention: Dr. Horst A. Schmid

 
 
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9
CONFLICT BETWEEN AGREEMENTS
     
If any provision contained in this Amending Agreement conflicts with the Prior
Agreement, the provisions of this Amending Agreement shall prevail.
   
10
AMENDING AGREEMENT MEMORANDUM
     
This Amending Agreement shall be considered as an amending memorandum as
contemplated in Paragraph 12 of the Prior Agreement.

IN WITNESS WHEREOF the Parties hereto have properly executed this Agreement as
of the effective date first above written.
 
NORTHERN ALBERTA OIL LTD.
 
Per:  __________________________
 
PORTWEST INVESTMENTS LTD.
 
Per:  __________________________
 
Acknowledged to by;

DEEP WELL OIL & GAS, INC.
 
Per:___________________________
 
 
 
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