EXHIBIT 10.5: Executive Compensation Agreement - Jason Griffith

                       EXECUTIVE COMPENSATION AGREEMENT

                                    Between

                              AMERIGO ENERGY, INC

                                      and

                               JASON F. GRIFFITH

  This  Agreement  is made this 4th day of January 2013, by and between AMERIGO
ENERGY INC, a Deleware  corporation  ("AMERIGO  ENERGY"),  and  JASON  GRIFFITH
("EXECUTIVE"), with effective date of January 1, 2013.

 WHEREAS, AMERIGO ENERGY desires to retain the services of the EXECUTIVE in the
capacity of its Chief Executive Officer.

 NOW THEREFORE, IT IS AGREED AS FOLLOWS:

 SECTION 1. EMPLOYMENT.

  1.1  EXECUTIVE  EMPLOYMENT.  AMERIGO  ENERGY appoints EXECUTIVE and EXECUTIVE
accepts the appointment as Chief Executive Officer until December 31, 2017.

 1.2 ADVISORY PERIOD. If EXECUTIVE's Employment  is  terminated  as provided in
paragraph  (1.1)  above,  or  in  any  other  manner, he shall nevertheless  be
retained  thereafter  by  AMERIGO  ENERGY as an advisor  and  consultant  until
December 31, 2022 (Advisory Period).

 SECTION 2. DUTIES. EXECUTIVE shall serve as Chief Executive Officer of AMERIGO
ENERGY, with such duties as are customarily  associated  with  such position in
public  corporations  and  specifically  as  set out in the By-Laws of  AMERIGO
ENERGY.

  SECTION  3.  EXTENT OF SERVICES. EXECUTIVE shall  devote  his  best  efforts,
attention, and energies  to the performance of his duties as set out above. The
duties shall be rendered at  the AMERIGO ENERGY offices, or at such other place
or places and at such times as  the  needs  of AMERIGO ENERGY may from time-to-
time dictate.

  Nothing  in  this Agreement shall preclude EXECUTIVE  from  conducting  other
business or holding  official positions or directorships in other entities, the
activities of which do  not  directly  conflict  with  EXECUTIVE's  duties  and
responsibilities as Chief Executive Officer of AMERIGO ENERGY.

  SECTION  4.  TERM.  The term of this Agreement shall begin on January 1, 2013
(the "Effective Date"),  and shall continue for a five year period. The parties
presently anticipate that  the employment relationship may continue beyond this
five-year term.

 SECTION 5. EXECUTIVE COMPENSATION.

 5.1 BASE SALARY. AMERIGO ENERGY  will  pay  to EXECUTIVE a base salary for the
first year in the amount of One Hundred and Eighty Thousand Dollars ($180,000),
payable in accordance with AMERIGO ENERGY's standard  payroll procedures but no
less frequently than monthly, at the election of EXECUTIVE.  This  base  salary
will  be  payable  throughout  the  term  serving  in the EXECUTIVE or advisory
capacity,  as  defined  in  Section  1.1 (Executive Employment)  and  1.2  (the
Advisory Period). The Executive's Base  Salary  shall  be  reviewed, and may be
increased  but  not decreased, annually, by the Board pursuant  to  its  normal
performance review  policies  for senior executives, with the first such review
occurring not later than September 2013.

Should the Company for any reason  be  unable  to  pay the Executive monthly or
more frequent installments in accordance with the Company's  payroll  policies,
the  Executive may elect either of the following alternatives, or a combination
thereof;

   (a)  Executive  may elect to treat the unpaid compensation as a loan payable
on demand that accrues an annual interest of eight (8) percent,

   (b) Executive may  elect to receive common stock of the Company issued under
an S-8 registration statement  which will provide the Executive common stock at
fair market value based on the average  closing  price for the five (5) trading
days preceding the request for issuance of stock for  the effective pay period.
Executive may also elect to receive common stock of the Company issued under an
S-8  registration statement which will provide the Executive  common  stock  at
fair market  value  based  on the average closing price of the five (5) trading
days preceding the request for issuance of stock for the loan payable on demand
pursuant to subsection 5.1(a).

 5.2 SUPPLEMENTAL SALARY during  any  period of the contract in which EXECUTIVE
provides consulting services relating to AMERIGO ENERGY which are outside those
services normally provided by a Chief Executive  Officer,  he shall be entitled
to separate and supplemental compensation in amounts reasonably associated with
such  services,  in  addition  to  other compensation provided for  under  this
agreement.

 5.3 BONUSES. EXECUTIVE shall be eligible  to receive a discretionary bonus for
each  year  (or portion thereof) during the term  of  this  Agreement  and  any
extensions thereof,  with  the actual amount of any such bonus to be determined
in the sole discretion of the  Board  of Directors based upon its evaluation of
EXECUTIVE's performance during such year.

 SECTION 6. EXECUTIVE BENEFIT PACKAGE.

 6.1 Disability Benefits. In the event  EXECUTIVE should become disabled during
the period of his executive employment, his  salary  shall continue at the same
rate that it was on the date of such disability. If such  disability  continues
for  a  period  of  five  consecutive  months (or EXECUTIVE shall die), AMERIGO
ENERGY may at its option thereafter, upon  written  notice  to EXECUTIVE or his
Personal Representative, terminate his executive employment.  In such event the
advisory period shall commence immediately upon such termination  of employment
and  shall  continue  until December 31, 2022, regardless of the disability  or
death of EXECUTIVE. If EXECUTIVE shall receive any disability payments from any
insurance policies paid for by AMERIGO ENERGY, payments to EXECUTIVE during any
period of disability shall  be reduced by the amount of the disability payments
received by EXECUTIVE under such insurance policy or policies. For the purposes
of  this  agreement, disability  shall  mean  mental  or  physical  illness  or
condition rendering  EXECUTIVE  incapable  of performing his normal duties with
AMERIGO ENERGY.

  6.2  Vacation Benefits. EXECUTIVE shall be entitled  to  four  (4)  weeks  of
vacation  leave  per  year  for  each year of the contract period including the
executive and advisory period, cumulative at the option of EXECUTIVE.

 6.3 Reserved.

 6.4 Death Benefits. If EXECUTIVE  shall die between the date of this agreement
and December 31, 2022, compensation  payments  hereunder  shall  not  cease and
AMERIGO ENERGY shall pay to EXECUTIVE's widow, if she survives him, or  if  she
shall not survive him to his estate, in equal monthly installments in an amount
equal  to  the  advisory  compensation  provided for above. Such payments shall
commence with the month following the date  of  death. Said amount shall not be
less  than  two  years'  base  salary,  if less time is  remaining  on  subject
contract.

 6.5 Employment Benefits. This Agreement  is  not  intended to and shall not be
deemed to be in lieu of any rights, benefits and privileges  to which EXECUTIVE
may be entitled as an employee of AMERIGO ENERGY under any retirement, pension,
profit-sharing, insurance, hospital, automobile or other plans which may now be
in  effect  or  which  may  hereinafter  be  adopted, it being understood  that
EXECUTIVE  shall have the same rights and privileges  to  participate  in  such
plans and benefits  as  any  other  employee  during this period providing such
benefits are at least equal to those provided herein.

 SECTION 7. STOCK AND STOCK OPTIONS

 7.1 It is acknowledged that EXECUTIVE owns a number  of shares of common stock
in AMERIGO ENERGY and further, that

 (a) AMERIGO ENERGY shall register for public trading with  the  Securities and
Exchange Commission at least ten percent (10%) of the shares owned by EXECUTIVE
per  year for each year of the contract beginning with the second year  of  the
contract or the first offering of securities, whichever shall occur first.

 (b) In  the  event  a  voluntary  termination by EXECUTIVE and AMERIGO ENERGY,
AMERIGO ENERGY shall register the balance  of the stock owned by EXECUTIVE pro-
rata over five (5) years following such termination  in the event such stock is
not sooner sold.

 (c) In the event of involuntary termination or an offer  is  made  by a single
purchaser or group of purchasers and accepted by AMERIGO ENERGY for 51% or more
of  the  outstanding  common  stock of AMERIGO ENERGY, all remaining shares  of
stock owned by EXECUTIVE shall be registered for public trading immediately.

 7.2 EXECUTIVE is entitled to receive  stock  distributions  of  fully paid and
non-assessable common stock of AMERIGO ENERGY, in addition to any  other  stock
options  EXECUTIVE  may  be  entitled  to,  as  described  in Exhibit A to this
Agreement, entitled "Executive Stock Option Agreement".

 SECTION 8. TERMINATION.

  8.1 Termination For Cause. Termination For Cause may be effected  by  AMERIGO
ENERGY  at  any time during the term of this Agreement and shall be effected by
written notification  to EXECUTIVE. Provided, however, EXECUTIVE shall be given
30 days from date of delivery  of  such notification to cure the defect set out
in the notice. Upon Termination For  Cause, Employee shall promptly be paid all
accrued  salary,  bonus  compensation  to   extent   earned,   vested  deferred
compensation (other than pension or profit sharing plan benefits  which will be
paid in accordance with the applicable plan), any benefits under any  plans  of
AMERIGO  ENERGY  in  which  EXECUTIVE  is  a  participant to the full extent of
EXECUTIVE's rights under such plans, accrued vacation  pay  and any appropriate
business  expenses  incurred  by  EXECUTIVE  in  connection  with  his   duties
hereunder, all to the date of termination, along with a severance payment equal
to six-months base salary.

  8.2  Termination  Other Than For Cause. Notwithstanding anything else in this
Agreement, AMERIGO ENERGY  may effect a Termination Other Than For Cause at any
time upon giving written notice  to  EXECUTIVE  of  such  termination. Upon any
Termination Other Than For Cause, EXECUTIVE shall promptly  be paid all accrued
salary,  bonus  compensation  to  extent  earned, vested deferred  compensation
(other than pension or profit sharing plan  benefits  which  will  be  paid  in
accordance  with  the applicable plan), any benefits under any plans of AMERIGO
ENERGY in which EXECUTIVE  is  a  participant to the full extent of EXECUTIVE's
rights under such plans, (including  accelerated  vesting,  if  any,  of awards
granted  to  EXECUTIVE  under  AMERIGO  ENERGY's  stock  option  plan), accrued
vacation  pay  and  any appropriate business expenses incurred by EXECUTIVE  in
connection  with  his  duties  hereunder,  all  to  the  date  of  termination.
Thereafter, EXECUTIVE will  be retained as an advisor and consultant during the
Advisory Period in accordance with Paragraph 1.2.

 8.3 Voluntary Termination. In  the event of a Voluntary Termination, EXECUTIVE
shall promptly be paid all accrued salary, bonus compensation to extent earned,
vested  deferred  compensation (other  than  pension  or  profit  sharing  plan
benefits which will  be  paid  in  accordance  with  the  applicable plan), any
benefits under any plans of AMERIGO ENERGY in which EXECUTIVE  is a participant
to the full extent of EXECUTIVE's rights under such plans, accrued vacation pay
and any appropriate business expenses incurred by EXECUTIVE in connection  with
his  duties  hereunder,  all  to the date of termination. Thereafter, EXECUTIVE
will be retained as an advisor  and  consultant  during  the Advisory Period in
accordance with Paragraph 1.2.

 8.4 Termination Upon A Change of Control. In the event of a Termination Upon A
Change of Control, EXECUTIVE shall promptly be paid all accrued  salary,  bonus
compensation to extent earned, vested deferred compensation (other than pension
or  profit  sharing  plan  benefits  which  will be paid in accordance with the
applicable  plan), any benefits under any plans  of  AMERIGO  ENERGY  in  which
EXECUTIVE is  a participant to the full extent of EXECUTIVE's rights under such
plans, accrued  vacation  pay and any appropriate business expenses incurred by
EXECUTIVE  in  connection with  his  duties  hereunder,  all  to  the  date  of
termination.  Thereafter,   EXECUTIVE  will  be  retained  as  an  advisor  and
consultant during the Advisory Period in accordance with Paragraph 1.2.

 8.5 Notice of Termination. AMERIGO  ENERGY  may  effect  a termination of this
Agreement  pursuant  to  the  provisions  of this Section upon giving  30  days
written  notice  to  EXECUTIVE  of such termination.  EXECUTIVE  may  effect  a
termination of this Agreement pursuant  to  the provisions of this Section upon
giving 30 days written notice to AMERIGO ENERGY of such termination.

 SECTION 9. CONFIDENTIALITY.

 EXECUTIVE acknowledges that he will develop and be exposed to information that
is  or  will  be  confidential  and  proprietary to  the  AMERIGO  ENERGY.  The
information  includes  oil  and  gas  prospects,   engineering  and  geological
information,   exploration   and  development  plans,  and   other   intangible
information. Such information  shall  be  deemed confidential to the extent not
generally  known  within  the trade. EXECUTIVE  agrees  to  make  use  of  such
information only in the performance  of  his  duties  under  this Agreement, to
maintain such information in confidence and to disclose the information only to
persons with a need to know.

 SECTION 10. MISCELLANEOUS PROVISIONS.

  10.1  WAIVER.  AMERIGO  ENERGY's  waiver  of  the EXECUTIVE's breach  of  any
provision of this Agreement shall not operate or  be  construed  as a waiver of
any subsequent breach by the EXECUTIVE. EXECUTIVE's waiver of AMERIGO  ENERGY'S
breach of any provision of this Agreement shall not operate or be construed  as
a waiver of any subsequent breach by AMERIGO ENERGY.

  10.2 NOTICES. Any notices permitted or required under this Agreement shall be
deemed given upon the date of personal delivery or forty-eight (48) hours after
deposit  in  the  United  States  mail,  postage  fully prepaid, return receipt
requested, addressed to AMERIGO ENERGY at:

 AMERIGO ENERGY INC
 2580 Anthem Village Drive
 Henderson, NV 89052

addressed to EXECUTIVE at:

 JASON GRIFFITH
 2580 Anthem Village Drive
 Henderson, NV 89052

or  at  any other address as any party may, from time  to  time,  designate  by
notice given in compliance with this Section.

 10.3 LAW  GOVERNING.  This  Agreement  shall  be  governed by and construed in
accordance with the laws of the State of Nevada.

  10.4 TITLES AND CAPTIONS. All section titles or captions  contained  in  this
Agreement  are for convenience only and shall not be deemed part of the context
nor effect the interpretation of this Agreement.

 10.5 ENTIRE  AGREEMENT.  This  Agreement  contains  the  entire  understanding
between  and  among  the  parties  and supersedes any prior understandings  and
agreements among them respecting the subject matter of this Agreement.

 10.6 NON-TRANSFERABILITY. Neither EXECUTIVE, his wife, nor their estates shall
have any right to commute, anticipate,  encumber,  or  dispose  of  any payment
hereunder,  which  payment  and  the  rights  thereto  are  expressly  declared
nonassignable  and  nontransferable, except as other wise specifically provided
herein.

 10.7 AGREEMENT BINDING.  This  Agreement  shall inure to the benefit of and be
binding upon AMERIGO ENERGY, its successors  and  assigns,  including,  without
limitations, any persons, partnership, company or corporation which may acquire
substantially all of AMERIGO ENERGY'S assets or business or with or into  which
AMERIGO  ENERGY  may be liquidated, consolidated, merged or otherwise combined,
and shall inure to  the  benefit  of  and be binding upon EXECUTIVE, his heirs,
distributees and personal representatives.  If  payments  become payable to the
surviving widow of EXECUTIVE and he shall thereafter die prior to September 15,
2 such payments shall nevertheless continue to be made to his estate until such
date.

  10.8 COMPUTATION OF TIME. In computing any period of time  pursuant  to  this
Agreement,  the  day  of  the  act,  event or default from which the designated
period  of time begins to run shall be  included,  unless  it  is  a  Saturday,
Sunday, or a legal holiday, in which event the period shall begin to run on the
next day  which is not a Saturday, Sunday, or legal holiday, in which event the
period shall  run  until  the  end  of  the  next day thereafter which is not a
Saturday, Sunday, or legal holiday.

 10.9 PRONOUNS AND PLURALS. All pronouns and any  variations  thereof  shall be
deemed to refer to the masculine, feminine, neuter, singular, or plural  as the
identity of the person or persons may require.

  10.10  ARBITRATION.  If  at  any  time  during the term of this Agreement any
dispute, difference, or disagreement shall  arise  upon  or  in  respect of the
Agreement,  and  the  meaning  and  construction  hereof,  every  such dispute,
difference, and disagreement shall be referred to a single arbiter  agreed upon
by  the  parties,  or  if  no single arbiter can be agreed upon, an arbiter  or
arbiters  shall be selected in  accordance  with  the  rules  of  the  American
Arbitration  Association and such dispute, difference, or disagreement shall be
settled by arbitration  in accordance with the then prevailing commercial rules
of the American Arbitration  Association,  and judgment upon the award rendered
by the arbiter may be entered in any court having jurisdiction thereof.

  10.11  PRESUMPTION.  This  Agreement  or any section  thereof  shall  not  be
construed against any party due to the fact  that said Agreement or any section
thereof was drafted by said party.

  10.12  FURTHER  ACTION.  The parties hereto shall  execute  and  deliver  all
documents, provide all information  and take or forbear from all such action as
may be necessary or appropriate to achieve the purposes of the Agreement.

 10.13 PARTIES IN INTEREST. Nothing herein  shall  be  construed  to  be to the
benefit of any third party, nor is it intended that any provision shall  be for
the benefit of any third party.

 10.14 SEVERABILITY. If any provision of this Agreement, or the application  of
such  provision  to  any  person  or  circumstance,  shall be held invalid, the
remainder of this Agreement, or the application of such provision to persons or
circumstances other than those as to which it is held  invalid,  shall  not  be
affected thereby, and shall remain in full force and effect.

AMERIGO ENERGY, INC.                     JASON F. GRIFFITH

By: /s/ Jason F. Griffith               By: /s/ Jason F. Griffith
-----------------------------           --------------------------
Jason F. Griffith                       An individual
Chief Executive Officer and Director


Dated: January 4, 2013