Document:

Consultant Agreement

 Exhibit 10.12 
  
 CONSULTANT AGREEMENT 
  

This Agreement is made and entered into as of the 1st day of August, 2004, between Follows Energy, Ltd. and CEOcast, Inc. (the “Consultant”) 
  
 In consideration of and for the mutual promises and covenants contained
herein, and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows: 
  

	1.	Purpose. The Company hereby employs the Consultant during the Term (as defined below) to render Investor Relations services to the Company, upon the terms and conditions as
set forth herein. 

  

	2.	Term. This Agreement shall be effective for a three month period (the “Term”) commencing on the date hereof. Company shall have the option to terminate the
Agreement upon the three-month anniversary of his Agreement. 

  

	3.	Duties of Consultant. During the term of this Agreement, the Consultant shall provide to the Company those services outlined in Exhibit A. Notwithstanding the foregoing, it
is understood and acknowledged by the parties that the Consultant: (a) shall perform its analysis and reach its conclusions about the Company independently, and that the Company shall have no involvement therein; and (b) shall not render advice
and/or services to the Company in any manner, directly or indirectly, that is in connection with the offer or sale of securities in a capital raising transaction or that could result in market making. 

  

	4.	Expenses. The Company, upon receipt of appropriate supporting documentation, shall reimburse the Consultant for any and all reasonable out-of-pocket expenses incurred by it
in connection with services requested by the Company, including, but not limited to, all charges for travel, printing costs and other expenses spent on the Company’s behalf. The Company shall immediately pay such expenses upon the presentation
of invoices. Consultant shall not incur more than $500 in expenses without the express consent of the Company. 

  

	5.	Compensation. For services to be rendered by the Consultant hereunder, the Consultant shall receive from the Company upon the signing of the Agreement: (a) $7,500 (the
“Retainer”), which represents the first and last month’s payment under the Agreement and 50,000 shares of the Company’s fully-paid non-assessable, common stock (“the “Common Stock”). In addition, the Company shall
pay Consultant $7,500 on or before the 1st day of each month during the term of the program. In the event the Company elects not to terminate this Agreement under Section 2, Company shall issue Consultant an additional 50,000 shares of its Common
Stock. The Company shall also pay Consultant expenses as outlined in Section 4 upon presentation of invoices. Company agrees, at its expense, to register Consultant’s shares in connection with the next registration of its securities
(“piggyback registration rights”). 

  

	6.	Further Agreements. Because of the nature of the services being provided by the Consultant hereunder, Consultant acknowledges that if it may receive access to Confidential
Information (as defined in Section 6 hereof) and that, as a consultant to the Company, it will attempt to provide advice that serves the best interest of the Company. Because of the uniqueness of this relationship, the Consultant covenants and
agrees that, with respect to the Common Stock that it receives, Consultant shall, at all times that it is the beneficial owner of such shares, vote such shares on all matters coming before it as a stockholder of the Company in the same manner as the
majority of the Board of Directors of the Company shall recommend. 

  

	7.	 Confidentiality. Consultant acknowledges that as a consequence of its relationship with the Company, it may be given access to confidential information which
may include the following types of information: financial statements and related financial information with respect to the Company and its subsidiaries (the “Confidential Financial Information”), trade 

  

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secrets, products, product development, product packaging, future marketing materials, business plans, certain methods of operations, procedures,
improvements, systems, customer lists, supplier lists and specifications, and other private and confidential materials concerning the Company’s business (collectively, “Confidential Information”). 

  
 Consultant covenants and agrees to hold such Confidential
Information strictly confidential and shall only use such information solely to perform its duties under this Agreement, and Consultant shall refrain from allowing such information to be used in any way for its own private or commercial purposes.
Consultant shall also refrain from disclosing any such Confidential Information to any third parties. Consultant further agrees that upon termination or expiration of this Agreement, it will return all Confidential Information and copies thereof to
the Company and will destroy all notes, reports and other material prepared by or for it containing Confidential Information. Consultant understands and agrees that the Company might be irreparably harmed by violation of this Agreement and that
monetary damages may be inadequate to compensate the Company. Accordingly, the Consultant agrees that, in addition to any other remedies available to it at law or in equity, the Company shall be entitled to injunctive relief to enforce the terms of
this Agreement. 
  
 Notwithstanding the
foregoing, nothing herein shall be construed as prohibiting Consultant from disclosing any Confidential Information (a) which at the time of disclosure Consultant can demonstrate either was in the public domain and generally available to the public
or thereafter becomes a part of the public domain and is generally available to the public by publication or otherwise through no act of the Consultant; (b) which Consultant can establish was independently developed by a third party who developed it
without the use of the Confidential Information and who did not acquire it directly or indirectly from Consultant under an obligation of confidence; (c) which Consultant can show was received by it after the termination of this Agreement from a
third party who did not acquire it directly or indirectly from the Company under an obligation of confidence; or (d) to the extent that the Consultant can reasonably demonstrate such disclosure is required by law or in any legal proceeding,
governmental investigation; or other similar proceeding. 
  
 Severability. If any provision of this Agreement shall be held or made invalid by a statute, rule, regulation, decision of a tribunal or otherwise, the remainder of this Agreement shall not be affected thereby
and, to this extent, the provisions of this Agreement shall be deemed to be severable. 
  
 8. Governing Law; Venue; Jurisdiction. This Agreement shall be construed and enforced in accordance with and governed by the laws of the State of New York, without reference to principles of conflicts or choice
of law thereof. Each of the parties consents to the jurisdiction of the U.S. District Court in the Southern District of New York in connection with any dispute arising under this Agreement and hereby waives, to the maximum extent permitted by law,
any objection; including any objection based on forum non conveniens to the bringing of any such proceeding in such jurisdictions. Each party hereby agrees that if another party to this Agreement obtains a judgment against it in
such a proceeding, the party which obtained such judgment may enforce same by summary judgment in the courts of any country having jurisdiction over the party against whom such judgment was obtained, and each party hereby waives any defenses
available to it under local law and agrees to the enforcement of such a judgment. Each party to this Agreement irrevocably consents to the service of process in any such proceeding by the mailing of copies thereof by registered or certified mail,
postage prepaid, to such party at it address set forth herein. Nothing herein shall affect the right of any party to serve process in any other manner permitted by law. Each party waives its right to a trial by jury. 
  

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	9.	Miscellaneous 

  

	(a)	Any notice or other communication between parties hereto shall be sufficiently given if sent by certified or registered mail, postage prepaid, if to the Company, addressed to it at
                                 or if to the Consultant, addressed to it at
CEOcast, Inc., 55 John Street, 11th Floor, New York, New York 10038, Attention: Administrator, facsimile number:
(212) 732-1131, or to such address as may hereafter be designated in writing by one party to the other. Any notice or other communication hereunder shall be deemed given three days after deposit in the mail if mailed by certified mail, return
receipt requested, or on the day after deposit with an overnight courier service for next day delivery, or on the date delivered by hand or by facsimile with accurate confirmation generated by the transmitting facsimile machine, at the address or
number designated above (if delivered on a business day during normal business hours where such notice is to be received), or the first business day following such delivery (if delivered other than on a business day during normal business hours
where such notice is to be received). 

  

	(b)	This Agreement embodies the entire Agreement and understanding between the Company and the Consultant and supersedes any and all negotiations, prior discussions and preliminary and
prior arrangements and understandings related to the central subject matter hereof. 

  

	(c)	This Agreement has been duly authorized, executed and delivered by and on behalf of the Company and the Consultant. 

  

	(d)	This Agreement and all rights, liabilities and obligations hereunder shall be binding upon and inure to the benefit of each party’s successors but may not be assigned without
the prior written approval of the other party. 

  
 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date hereof . 
  

			
	FELLOWS ENERGY LTD.
		
	By:	 	 /s/ George S Young

	
	CEOCAST, INC.
		
	By:	 	 /s/ IllegibleLetter Agreement

 Exhibit 10.13 
  
 CONFIDENTIAL 
  
 December 1, 2004 
  
 Mr. George S. Young 
 President & CEO 
 Fellows Energy 
 370 Interlocken Boulevard, Suite 400 
 Broomfield, CO 80021 
  
 Dear Mr. Young:

  
 As set forth herein, this letter confirms our agreement with respect to Axiom
Capital Management, Inc.’s (“Axiom”) introduction of John McGrain, Jed Oil, Enterra Energy, and JMG Exploration (together with their affiliates and controlled persons, the “Introduced Persons”) to Fellows Energy (the
“Company”) in connection with the following contemplated transactions, as well as any other transactions that may be engaged in by and between any Introduced Persons and the Company (collectively, the “Transactions”): 

 

	 	1.	A loan by Mr. McGrain to the Company of approximately $1,500,000 (“Loan”); 

  

	 	2.	A loan or investment by one or more of the Introduced Persons equal or greater than $1,500,000 to $2,000,000 to the Company (to be used in connection with development and drilling
of Company projects (“Project Financing”); and 

  

	 	3.	One or more Introduced Persons will finance future projects of the Company (“Future Financings”). 

  
 The Company expressly agrees and acknowledges that under no circumstances will Axiom be
liable for failure of any Introduced Person to consummate any Transaction. The Company will promptly notify Axiom if any Transaction contains a contingency which must be satisfied prior to such Transaction being consummated. 
  
 For its introductions, Axiom shall be compensated as follows: 
  

	 	a.	3% of the amount of the Loan, to be paid in cash; 

  

	 	b.	10% of the amount of any Project Financing, to be paid in registered stock of the Company at a price of $1 per share, i.e., $1,500,000 Financing = 150,000 shares; and

  

	 	c.	For any Future Financings, 1% of any revenues received by the Company from projects that result from these Future Financings and 1% of any revenue or sale proceeds received by the
Company from the sale of these projects. 

  
 The Company will notify
Axiom within 10 days of the consummation of any Transaction. All compensation shall be paid to Axiom within 30 days of consummation of the related Transaction. 
  

Axiom will not provide advice to the Company nor to Introduced Persons and will not negotiate the terms of any Transaction between any Introduced Person and the
Company. Axiom will not be responsible for carrying out due diligence for any Introduced Persons or the Company. The Company shall be solely responsible for compliance with applicable law, and rules regarding any Transaction and Axiom’s sole
activities shall be to introduce the Introduced Persons to the Company. The Company will rely on its own expertise and that of its legal, accounting, tax and other specialist advisors in connection with any Transactions. The Company shall not be
permitted to use Axiom’s name in any manner in connection with any Transaction without Axiom’s prior written consent. 
  
 Axiom will not be liable to the Company except to the extent of Axiom’s gross negligence or intentional wrongdoing. Axiom agrees to indemnify, defend, and hold
harmless the Company, its affiliates, principals and 

  

 
agents from and against any and all losses, claims, damages, liabilities, and expenses (“Loss”), arising out of any breach by Axiom of any
provision herein or the enforcement of the indemnification provided herein. The Company agrees to indemnify, defend, and hold harmless Axiom and its affiliates, principals and agents from and against any and all Loss, arising out of any breach by
the Company of any provision herein or the enforcement of the indemnification provided herein. 
  
 Each provision of this letter agreement is several and is not affected if another provision of this letter agreement is found to be invalid or unenforceable or to contravene applicable law or regulations. This letter
agreement is not intended to and does not confer any rights upon any Introduced Person or other person. Nothing herein is intended to create or shall be construed as creating a fiduciary relationship between the Company and Axiom or any Introduced
Person and Axiom. No term or provision of this agreement may be amended, discharged or modified in any respect except in writing signed by the parties hereto. This letter agreement sets out the entire agreement between us. 
  
 The parties agree that in the event of any dispute, claim or controversy arising directly,
indirectly, or otherwise in connection with, out of, related to, or from this agreement, its performance or its claimed breach, or any Transaction, such dispute, claim or controversy shall be resolved exclusively by arbitration conducted within the
County, City, and State of New York in accordance with the rules of the NASD then in effect. In this regard, the parties further understand and agree that: (i) arbitration will be final and binding on the parties; (ii) the parties are waiving their
rights to seek remedies in court, including the right to jury trial; (iii) pre-arbitration discovery is generally more limited than and different from court proceedings; (iv) the arbitrator’s award is not required to include factual findings or
legal reasoning and any party’s right to appeal or seek modification of rulings by the arbitrator is strictly limited; and (v) any award the arbitration panel makes will be final, and judgment on it may be entered in any court having competent
jurisdiction. Accordingly, the parties consent and submit to the jurisdiction of the federal and state courts located within the City, County, and State of New York. 
  
 Please confirm your acceptance of the terms of this agreement by signing and returning one copy to the undersigned. 
  
 Yours sincerely, 
  

			
	Axiom Capital Management, Inc.
		
	By:	 	 /s/ Mark Martino

	 	 	 Mark Martino

  

			
	ACCEPTED AND AGREED TO:
	
	 Fellows Energy

		
	By:	 	 /s/ George S. Young

	 	 	 Name:

	 	 	 Title:

	
	 Date: 12/1/04

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