Document:

Exhibit 10.1

 

 

 

August 1, 2013

 

Daniel Ferris

President

Virtus Oil and Gas Corp.

29 Farmington, Nr

Cheltenham, Gloucestershire, GL54 3ND,

United Kingdom

 

Dear Dan:

 

It was a pleasure to meet with you and learn about your business
over the past couple of weeks. It is our understanding that Virtus Oil and Gas Corp. (the "Client" or "Virtus")
would like to retain Clear Financial Solutions, Inc. (the "Firm") to provide it with Contract CFO services. We have prepared
this proposal (hereinafter referred to as the "Agreement") based upon our understanding of your needs. If this Agreement
meets with your expectations, you will need to sign in the space below demonstrating your acceptance thereto.

 

You have requested that we perform contract CFO services for
your company. We anticipate that these services will be performed by Steven M. Plumb, CPA and the staff of the Firm. The standard
billing rates for our partners and staff are as follows:

 

	Partner Level	$250 per hour	 
	Manager level	$125-$175 per hour	 
	Staff Level	$100 per hour	 
	Bookkeeper	$65 per hour	 

 

You have also requested that we begin providing Chief Financial
Officer Services. We will assist you in the following areas:

 

Ø
Prepare Financial Statements for SEC filings;

Ø
Review monthly financial statements;

Ø
Oversee internal controls;

Ø
Provide advice on the application of Generally Accepted Accounting Principles; and

Ø
Other projects as requested by management

 

Firm reports to the Chief Executive Officer and to the Audit
Committee of the Board of Directors. If an Audit Committee is not in place then the Firm reports to the Board of Directors. Firm
has the responsibility, authority and freedom to report to the Audit Committee independent of management.

 

Please be aware, however, that none of the services provided
can be relied upon to detect errors, irregularities, or illegal acts that may exist. However, we will inform the appropriate level
of management of any errors that come to our attention or any irregularities or illegal acts that come to our attention.

 

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August 1, 2013

Compensation

 

CFO Services

You have indicated that you would like to utilize 22.5 hours
per month of Mr. Plumb's time. Accordingly, we will these services for an initial fee of $4,500 thousand five hundred dollars)
per month. Client agrees that the initial fee will be evaluated each three months and adjusted by a mutual agreed upon amount based
upon the amount of time and effort to meet Client's needs. Time is billed in one half-hour increments.

 

Oil and Gas Investment Opportunities

Mr. Plumb and Jerry Walters may from time to time bring oil
and gas investment properties to the attention of Client. Client will assign a 1% carried interest to Steven Plumb and a 1% carried
interest to Mr. Walters on each oil and gas investment prospect that Mr. Plumb or Mr. Walters brings to the Client and in which
the Client invests.

 

Virtual Office

Firm will provide Client with an office address, telephone and
fax services for $600 per month.

 

In addition, Client will reimburse Firm for reasonable expenses
such as travel, mileage, photocopies, long distance, Edgarizing, postage and supplies.

 

From time to time the Firm may bring technology or transactions
to the attention of the Client. If a transaction occurs as a result of these efforts, the Firm will be paid a fee equal to 5% of
the value of the technology or transaction.

 

Client agrees to allow Firm to announce them as a new client
in the Firm's newsletter.

 

All invoices are due 15 days from the date of the invoice. Interest
will be charged on invoices older than 15 days at the rate of 1.5% per month.

 

Confidentiality

 

From time to time the Firm may bring technology or transactions
to the attention of Client. This information will be treated as confidential and may not be shared with other parties for a period
of three years without the express written consent of the Firm. In addition Client agrees that all communications regarding the
aforementioned technology or transactions are to be made with the Firm without the express written consent of the Firm.

 

The Firm and its agents agree to treat the Client's information
as confidential for a period of three years.

 

Other

 

The Firm has not been engaged to provide, nor will it provide,
any attestation services, such as auditing, review or compilation services under this contract except that Steven M. Plumb has
agreed, as CFO of the Company, to execute the Certifications required by Forms 1O-K and 10-Q as pursuant to the requirements of
the Securities Exchange Act of 1934 and Section 302 of the Sarbanes-Oxley Act of 2002, if applicable.

 

We will make every effort to enable Client to make timely filings
of SEC and exchange required documents (the "Filings'). Accordingly, Firm will provide Client with a checklist and timeline
prior to initiating work on any Filings Client agrees to adhere to Firm timeline for each Filing and provide complete and accurate
information in accordance with the timeline and checklist.

 

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August 1, 2013

 

Client and its subsidiaries or affiliates, agree not to solicit
for employment or outside contracting any employee or contractor of the Firm. Client must request permission from the Firm to discuss
possible employment opportunities with a Firm employee or contractor. If Client hires an employee or contractor of the Firm without
seeking permission to speak to the Firm contractor or employee, Client will pay the Firm a fee equal to the 100% of the annual
full time compensation of the employee or contractor hired by the Client If Client seeks permission to speak to a Firm employee
or contractor prior to initiating conversations with said employee or contractor, and Client subsequently hires the Firm employee
or contractor, Client will pay Firm a fee of 75% of the annual full time compensation of the employee or contractor. Any fees due
under this clause are payable prior to the first day of employment of the Firm employee or contractor with Client.

 

The effective date of this contract is the date first referenced
above and is for a period of one year. If the Client cancels the contract or fails to perform for any reason, then it shall pay
the Firm damages equal to the balance that it would have paid had the contract been fully performed. Unless canceled by either
party with written notice sixty (60) days prior to the end of the contract, the contract will automatically renew for another twelve
(12) month period based upon our standard fees schedule at the time of renewal. The contract will roll over automatically until
canceled in writing by either party within sixty (60) days notice prior to the end of the contract. The retainers will be applied
to the last month's billing. Should the contract be renewed, the applicable retainer shall be rolled forward and will apply to
the last billing of the renewed contract. If the Firm is unable to perform due to circumstances beyond its control, then the Firm
is released from this contract and the Firm has no liability under this Agreement.

 

Guarantee

 

Firm represents and warrants to Company that all seNices, work
and deliverables to be performed hereunder shall be performed in a professional and workmanlike manner to the highest industry
standards. Firm makes no guarantees or representations regarding any particular result or outcome based on services provided.

 

Other Matters

 

Based upon the terms and conditions contained in this Agreement,
you are engaging Firm to perform business and management consulting seNices at such places and times as may be reasonably agreed
to by Firm. It is expressly understood and agreed that no provisions of this Agreement, nor any act of the parties, shall be interpreted
to create any relationship between Firm and Client other than that of independent contractor. Each party agrees to keep confidential
the proprietary information of the other party that may be learned during the course of providing or receiving seNices under this
Agreement. Firm agrees he will not disclose any proprietary or confidential information acquired from the Company under this Agreement,
including trade secrets, business plans and confidential or other information which may be proprietary to the Client. This Agreement
shall commence on first date referenced above and shall continue indefinitely until such time as either Firm or the Client terminates
the Agreement as provided below. Client shall process payments to Firm bi-weekly for all undisputed invoices presented by Firm
under this Agreement but in no case shall Firm be paid later than thirty (30) days after the receipt of such undisputed invoices.

 

In the case of a dispute, such representative as the Client
may designate will discuss the controversial items with Firm and attempt to resolve the dispute. The parties will attempt to resolve
any controversy or claim arising out of this Agreement by mediation prior to commencing any legal action. The maximum recovery
for any damages attributable to work performed, regardless of the cause of action, vvill be limited to the return of unearned fees
paid to Firm.

 

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August 1, 2013

 

The parties agree that this Agreement constitutes the entire
Agreement between the Client and the Firm and that it supersedes any and all prior or contemporaneous Agreements between the parties,
either written or oral, with respect to the transactions contemplated within this Agreement. This Agreement may be modified or
amended only by an instrument in writing and signed by all the parties to this Agreement. Any waiver of the terms and conditions
of this Agreement must be in writing and signed by all the parties to this Agreement and any such waiver will not be construed
as a waiver of any other terms and conditions of this Agreement. A waiver by either party as to any particular breach will not
constitute or be considered as a waiver of any similar or other breach or default thereafter.

 

The Client expressly understands and agrees that the Firm, or
any of its employees, will not be prevented or barred from rendering services of the same nature as or a similar nature to those
described in this Agreement, or of any nature whatsoever, for or on behalf of any person, firm, corporation or entity other than
the Client regardless of the nature of the business of the other person, The Client understands and agrees that the Firm will not
be prevented or barred from retaining other persons or entities to provide services of the same nature as or similar nature to
those described in this Agreement or of any nature whatsoever.

 

This Agreement is governed exclusively by Texas substantive
law without reference to Texas choice of law rules. The parties agree that all disputes arising out of or related to this Agreement
must be litigated in the state district courts of Harris County, Texas, which the parties agree shall be the exclusive forum for
any and all litigation between them. The Client expressly agrees that it is subject to personal jurisdiction in Texas for any and
all disputes between the parties. The Client further agrees that subject matter jurisdiction for any and all disputes between the
parties lies exclusively in the Texas state courts.

 

Please indicate your acceptance of the above understanding by
signing below. A copy is enclosed for your records. If your needs change during the year, the nature of our services can be adjusted
appropriately. Likewise, if you have special projects with which we can assist, please let us know. We look forward to a long-term
and mutually-beneficial relationship with Virtus.

 

Sincerely,

Clear Financial Solutions, Inc. by

 

/s/ Steven M. Plumb, CPA

Steven M. Plumb, CPA

 

Reviewed and accepted:

 

/s/ Daniel Ferris                                                   Date:
8/1/13

Daniel Ferris

President

 

    	4Exhibit 10.2

 

AMENDMENT NO. 1

TO

ENGAGEMENT LETTER

 

This
Amendment No. 1 to the Engagement Letter (this "Amendment") is executed as of December 5, 2013, by VIRTUS OIL AND
GAS CORP., a Nevada corporation (the "Company"), and CLEAR FINANCIAL SOLUTIONS, INC., a Texas corporation, or its
assigns ("Provider"), to amend the Engagement Letter dated August 1, 2013 between those parties (the
“Agreement”).

 

The
Company and the Provider desire to amend the Agreement and further agree as follows:

 

1.
Capitalized Terms. Except as expressly provided in this Amendment, all capitalized terms used in this Amendment have meanings
ascribed to them in the Agreement and those definitions are incorporated by reference into this Agreement.

 

2. Stock Issuance.
For the avoidance of doubt, the parties hereby ratify that the Company has authorized Steven M. Plumb, CPA ("Plumb")
to perform the duties and functions of the Chief Financial Officer of the Company pursuant to the terms of the Agreement. As partial
consideration for Plumb's services under the Agreement, the Company agrees to issue up to 1,000,000 shares (the "Shares")
of the common stock of the Company, $0.001 par value per share, to Plumb on the following schedule: 500,000 shares shall be issued
on the date of this Amendment, and 500,000 shares shall be issued on the one-year anniversary of this Amendment; provided,
however, that Plumb must continue to be engaged by the Company to perform services as the Chief Financial Officer pursuant
to the Agreement on the one-year anniversary of this Amendment to be eligible to receive the 500,000 shares on such date.

 

3. Plumb Representations.
Plumb represents and warrants to the Company as of the date of this Amendment as follows: (a) Plumb is acquiring the Shares for
investment for his own account, not as a nominee or agent, and not with the view to, or for resale in connection with, any distribution
thereof; (b) Plumb has no present intention of selling, granting any participation interest in, or otherwise distributing the
Shares; (c) Plumb has received all information he considers necessary or appropriate for deciding whether to purchase the Shares;
(d) Plumb has had an opportunity to ask questions and receive answers from the Company regarding the Company's business, management,
financial affairs and the terms and conditions of the issuance of the Shares; and (e) Plumb is sophisticated and well-informed
and has such knowledge and experience in financial and business matters in general, and in investments in businesses similar to
the Company in particular, as are necessary to enable him to evaluate the merits and risks of an investment in the Company. Plumb
further represents that he has no need for liquidity in his investment in the Company and he is able to bear the risk of such
investment for an indefinite period. Plumb understands that there presently is no public market for the Shares and none is anticipated
to develop on the foreseeable future. Plumb's present financial condition is such that he is under no present or contemplated
future need to dispose of any portion of the Shares. Plumb's overall commitment to investments which are not readily marketable
is not disproportionate to his net worth, and his investment in the Company will not cause such overall commitment to become excessive.

 

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4. Restricted
Securities. Plumb understands that the Shares have not been registered under the Securities Act of 1933, as amended, that
the Shares are "restricted securities" under applicable U.S. securities laws and that, pursuant to these laws, Plumb
must hold the Shares indefinitely unless they are registered with the Securities Exchange Commission and qualified by state authorities,
or an exemption from such registration and qualification requirements is available.

 

5. Counterparts.
This Amendment may be executed in any number of counterparts, each of which shall be deemed an original as against the party
whose signature appears thereon, and all of which shall together constitute one and the same instrument. This Amendment shall
become binding when one or more counterparts hereof, individually or taken together, shall bear the signatures of all the
parties reflected hereon as the signatories.

 

6. Third Parties.
Except as specifically set forth or referred to herein, nothing herein express of implied is intended or shall be construed to
confer upon or give to any person other than the parties hereto and their permitted successors or assigns, any claims, rights,
remedies under or by reason of this Amendment.

 

7. Governing
Law. This Amendment shall be governed and construed in accordance with the laws of the State of Texas applicable to agreements
made and to be performed entirely within such State and the federal laws of the United States of America, without regard to the
conflict of laws rules thereof.

 

8. Integration.
Except as specifically set forth by this Amendment, the rest and remainder of the terms and conditions of the Agreement shall
remain in full force and effect without change or modification with the same force and effect as if more fully set forth hereat.

 

 

[signature page follows]

 

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IN WITNESS
WHEREOF, the undersigned have executed this Amendment as of the date set forth above.

 

VIRTUS
OIL AND GAS CORP.

 

 

By: /s/ Dan Ferris                           

DAN FERRIS

President

 

 

CLEAR FINANCIAL
SOLUTIONS, INC.

 

By: /s/ Steven
M. Plumb                    

Name: Steven M. Plumb

Title: President

5300 N.
Braeswood, PMB 370

Houston, TX 77096

 

 

FOR PURPOSES OF
SECTIONS 3 AND 4:

 

 

/s/ Steven M.
Plumb                              

Steven M.
Plumb, individually

 

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