Document:

Exhibit 10.2

     

     

    
      	
              TATONKA
                OIL AND GAS, INC. 

              1515
                Arapahoe Street, Tower1, 10th
                Floor    

              Denver,
                CO 80202 USA

            	
              

            

    

     

    
 

    Mr.
      Paul
      Stroud

    P.O.Box
      6565

    Sheridan,
      WY 82801

     

    January
      3, 2007

     

     

    Mr.
      Stroud,

     

     

    This
      letter shall serve as an amendment to the employment agreement (the “Agreement”)
      entered into between you and Tatanka Oil and Gas, Inc. (the “Company”) on
      December 12, 2006. The Agreement shall be amended to change your title and
      duties from Vice President - Engineering to Chief Operating Officer. All other
      terms and conditions of the Agreement shall remain in full force and
      effect.

     

    
      	 	 	 
	 	
              Tatonka
                Oil and Gas Company, Inc.

            
	 
 	 
 	 
 
	 	By:  	
              /s/ BRIAN
                HUGHES

              
                

              
Name: Brian Hughes
	 	
              Title:
                Chief Executive Officer

            
	 	
            

    

     

    Accepted
      to and agreed this 5th day of January, 2007:

     

    

      /s/
        PAUL
        STROUD

      
        
          
Paul
          StroudUnassociated Document

    Exhibit
      10.3

    

    Employment
      Agreement

    

    THIS
      EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as of October 5,
      2006 and shall be effective as of December 19, 2006 (the “Effective Date”) by
      and between Tatonka
      Oil and Gas, Inc., a
      Colorado corporation, with an office located at 1515 Arapahoe Street, Tower
      1,
      10th
      Floor,
      Denver, Colorado 80202 (the “Company”) and Sothi
      Thillairajah,
      an
      individual with an address located at 317 W. 99th
      Street,
      New York, NY 10025 (“Thillairajah”).

    

    WHEREAS,
      the Company desires to retain the services of Thillairajah as Chief Financial
      Officer and Thillairajah is willing to be employed by the Company in such
      capacity.

    

    NOW,
      THEREFORE, in consideration of the mutual covenants contained herein, the
      parties agree as follows:

    

    1.
      Employment.
      Thillairajah is hereby employed and engaged to serve the Company as the
      Company’s Chief Financial Officer, or such additional titles as the Company
      shall specify from time to time with the consent of Thillairajah, and
      Thillairajah does hereby accept and agrees to such engagement and employment.
      

    

    2.
      Duties.
      Thillairajah’s duties shall be such duties and responsibilities as the Company
      shall specify from time to time, which shall entail those duties customarily
      performed by the Chief Financial Officer of a company with a business
      commensurate with those of the Company. Thillairajah shall have such authority,
      discretion, power and responsibility, and shall be entitled to office,
      secretarial and other facilities and conditions of employment, as are customary
      or appropriate to his position. Thillairajah shall diligently and faithfully
      execute and perform such duties and responsibilities, subject to the general
      supervision and control of the Company’s Chief Executive Officer. Thillairajah
      shall be responsible and report to the Company’s Chief Executive Officer.
      Thillairajah shall devote the majority of his attention, energy, and skill
      to
      the business and affairs of the Company. Thillairajah shall be permitted to
      engage in other business activities that do not directly compete with the
      Company. 

    

    Nothing
      in this Agreement shall preclude Thillairajah from devoting reasonable periods
      required for:

    

    
      	 	
              (a)

            	
              serving
                as a director or member of a committee of any organization or corporation
                involving no conflict of interest with the interests of the
                Company;

            

    

    

    
      	 	
              (b)
                

            	
              serving
                as a consultant in his area of expertise (in areas other than in
                connection with the business of the Company), to government, industrial,
                and academic panels where it does not conflict with the interests
                of the
                Company; and

            

    

    

    
      	
            	(c)	
              managing
                his personal investments or engaging in any other non-competing
                business;

            

    

    

    
      	
            	(d)	
              engaging
                in oil and gas activities outside of North
                America;

            

    

     

    provided
      that such activities do not materially interfere with the regular performance
      of
      his duties and responsibilities under this Agreement as reasonably determined
      in
      good faith by the Company.

    

    3.
      Best Efforts of Thillairajah.
      During
      his employment hereunder, Thillairajah shall, subject to the direction and
      supervision of the Company’s Chief Executive Officer, devote the majority of his
      business time, best commercially reasonable efforts, business judgment, skill,
      and knowledge to the advancement of the Company's interests and to the discharge
      of his duties and responsibilities hereunder. Notwithstanding the foregoing,
      nothing herein shall be construed as preventing Thillairajah from investing
      his
      assets in any business.

    

    
      
         

      

      
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    4.
      Compensation of Thillairajah. 

    

    	(a)  	
            Base
              Compensation.
              As
              compensation for the services provided by Thillairajah under this
              Agreement, the Company shall pay Thillairajah an annual salary of One
              Hundred Fifty Thousand Dollars ($150,000). The compensation of
              Thillairajah under this Section shall be paid in accordance with the
              Company's usual payroll procedures. 

          

    

    	(b)  	
            Stock
              and Stock Options.
              Upon execution of this Agreement, the Company: shall grant Thillairajah
              options to purchase 250,000 shares of the Company’s common stock with an
              exercise price equal to ($.50) fifty cents, 125,000 shares of the
              Company’s common stock with an exercise price equal to ($1.00) one dollar
              and 125,000 shares of the Company’s common stock with an exercise price
              equal to ($1.25) one dollar and twenty five cents, which shall vest
              in
              accordance with the Company’s stock option plan. The options shall have a
              term of five (5) years from the date of
              grant.

          

    

    In
      the
      event of a conflict between the above grant and either the shareholder approved
      stock option plan or corresponding board resolution, the covenants of the
      approved plan and board resolution take precedence.

    

    	(c)  	
            Relocation.
              After signing this Agreement, the Company shall pay all reasonable
              relocation expenses to move Thillairajah and his family from New York
              ,
              New York to Denver, Colorado.

          

    

    	(d)  	
            Bonus.
              In
              addition to the base compensation in Section 5(a), Thillairajah shall
              be
              eligible to receive an annual bonus determined by the Board of Directors
              based on the performance of the Company and Thillairajah.
              

          

    

    5.
      Benefits. Thillairajah
      shall also be entitled to participate in any and all Company benefit plans,
      from
      time to time, in effect for employees of the Company, including, but not limited
      to, health, dental and vision insurance plans available to the Company's senior
      management executives and their dependents. Such participation shall be subject
      to the terms of the applicable plan documents and generally applicable Company
      policies.

    

    6.
      Vacation, Sick Leave and Holidays.
      Thillairajah shall be entitled to four (4) weeks of paid vacation, with such
      vacation to be scheduled and taken in accordance with the Company's standard
      vacation policies. Two (2) weeks of unused, accrued vacation can be carried
      into
      the next year. Remaining unused, accrued vacation time will be paid during
      the
      first quarter of the following year. In addition, Thillairajah shall be entitled
      to such sick leave and holidays at full pay in accordance with the Company's
      policies established and in effect from time to time.

    

    7.
      Business Expenses.
      The
      Company shall promptly reimburse Thillairajah for all reasonable out-of-pocket
      business expenses incurred in performing Thillairajah’s duties and
      responsibilities hereunder in accordance with the Company's policies, provided
      Thillairajah promptly furnishes to the Company adequate records of each such
      business expense. Such expenses shall be reimbursed in accordance with the
      Company’s regular reimbursement practices.

    

    8.
      Location of Thillairajah's Activities. Thillairajah’s
      principal place of business in the performance of his duties and obligations
      under this Agreement shall be at a place to be determined by the Company’s Chief
      Executive Officer in the metro Denver area. Notwithstanding the preceding
      sentence, Thillairajah will engage in such travel and spend such time in other
      places as may be reasonably necessary or appropriate in discharging of his
      duties hereunder. 

    

    
      
         

      

      
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    9.
      Confidential Information/Inventions. 

    

    (a)
      Confidential
      Information.
      Thillairajah shall not, in any manner, for any reasons, either directly or
      indirectly, divulge or communicate to any person, firm or corporation, any
      confidential information concerning any matters not generally known or otherwise
      made public by Company which affects or relates to the Company’s business,
      finances, marketing and/or operations, research, development, inventions,
      products, designs, plans, procedures, or other data (collectively, “Confidential
      Information”) except in the ordinary course of business, as necessary to joint
      venture partners or as required by applicable law for a period of one year.
      Without regard to whether any item of Confidential Information is deemed or
      considered confidential, material, or important, the parties hereto stipulate
      that as between them, to the extent such item is not generally known in the
      oil
      and gas industry, such item is important, material, and confidential and affects
      the successful conduct of the Company’s business and goodwill, and that any
      breach of the terms of this Section 9 shall be a material and incurable breach
      of this Agreement. Confidential Information shall not include: (i) information
      obtained or which became known to Thillairajah other than through his employment
      by the Company; (ii) information in the public domain at the time of the
      disclosure of such information by Thillairajah; (iii) information that
      Thillairajah can document was independently developed by Thillairajah; (iv)
      information that is disclosed by Thillairajah with the prior written consent
      of
      the Company and (v) information that is disclosed by Thillairajah as required
      by
      law, governmental regulation or court order.

    

    (b)
      Documents.
      Thillairajah further agrees that all documents and materials furnished to
      Thillairajah by the Company and relating to the Company’s business or
      prospective business are and shall remain the exclusive property of the Company.
      Thillairajah shall deliver all such documents and materials, not copied, to
      the
      Company upon demand therefore and in any event upon expiration or earlier
      termination of this Agreement. Any payment of sums due and owing to Thillairajah
      by the Company upon such expiration or earlier termination shall be conditioned
      upon returning all such documents and materials, and Thillairajah expressly
      authorizes the Company to withhold any payments due and owing pending return
      of
      such documents and materials.

    

    (c)
      Inventions. All
      ideas, inventions, and other developments or improvements conceived or reduced
      to practice by Thillairajah, alone or with others, during the Term of this
      Agreement, whether or not during working hours, that are within the scope of
      the
      business of the Company or that relate to or result from any of Thillairajah’s
      work or projects or the services provided by Thillairajah to the Company
      pursuant to this Agreement, shall be the exclusive property of the Company.
      Thillairajah agrees to assist the Company, at the Company’s expense, to obtain
      patents and copyrights on any such ideas, inventions, writings, and other
      developments, and agrees to execute all documents necessary to obtain such
      patents and copyrights in the name of the Company.

    

    (d)
      Disclosure. During
      the Term, Thillairajah will promptly disclose to the Chief Executive Officer
      full information concerning any interest, direct or indirect, of Thillairajah
      (as owner, shareholder, partner, lender or other investor, director, officer,
      employee, consultant or otherwise) or any member of his immediate family in
      any
      business that is reasonably known to Employee to purchase or otherwise obtain
      services or products from, or to sell or otherwise provide services or products
      to, the Company or to any of its suppliers or customers.

    

    10.
      Non-Compete. Except
      as
      expressly permitted herein, during the Term of this Agreement, Thillairajah
      shall not engage in any of the following competitive activities: (a) engaging
      directly or indirectly in any business or activity substantially similar to
      any
      business or activity engaged in (or proposed to be engaged in) by the Company
      in
      North America; (b) engaging directly or indirectly in any business or activity
      competitive with any business or activity engaged in (or proposed to be engaged
      in) by the Company in North America; (c) soliciting or taking away any employee,
      agent, representative, contractor, supplier, vendor, customer, franchisee,
      lender or investor of the Company, or attempting to so solicit or take away;
      (d)
      interfering with any contractual or other relationship between the Company
      and
      any employee, agent, representative, contractor, supplier, vendor, customer,
      franchisee, lender or investor; or (e) using, for the benefit of any person
      or
      entity other than the Company, any Confidential Information of the Company.
      The
      foregoing covenant prohibiting competitive activities shall survive the
      termination of this Agreement and shall extend, and shall remain enforceable
      against Thillairajah, for the period of the lesser of (6) six months or the
      duration of termination pay as described in paragraph 13 below, following the
      date this Agreement is terminated In addition, during the one-year period
      following such expiration or earlier termination, neither Thillairajah nor
      the
      Company shall make any negative statement of any kind concerning the Company
      or
      its affiliates, or their directors, officers or agents or
      Thillairajah.

    

    
      
         

      

      
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    11.
      Injunctive Relief. Thillairajah
      acknowledges and agrees that the covenants and obligations of Thillairajah
      set
      forth in Sections 9 and 10 with respect to non-competition, non-solicitation,
      confidentiality and the Company’s property relate to special, unique and
      extraordinary matters and that a violation of any of the terms of such covenants
      and obligations will cause the Company irreparable injury for which adequate
      remedies are not available at law. Therefore, Thillairajah agrees that the
      Company shall be entitled to an injunction, restraining order or such other
      equitable relief (without the requirement to post bond) as a court of competent
      jurisdiction may deem necessary or appropriate to restrain Thillairajah from
      committing any violation of the covenants and obligations referred to in this
      Section 11. These injunctive remedies are cumulative and in addition to any
      other rights and remedies the Company may have at law or in equity.

    

    12.
      Survival.
      Thillairajah agrees that the provisions of Sections 9, 10 and 11 shall survive
      expiration or earlier termination of this Agreement for any reasons, whether
      voluntary or involuntary, with or without cause, and shall remain in full force
      and effect thereafter. Notwithstanding the foregoing, if this Agreement is
      terminated upon the dissolution of the Company, the filing of a petition in
      bankruptcy by the Company or upon an assignment for the benefit of creditors
      of
      the assets of the Company, Sections 9, 10 and 11 shall be of no further force
      or
      effect.

    

    13.
      Termination.
      Your
      employment with the Company will be “at will”, meaning that either you or the
      Company will be entitled to terminate your employment at any time and for any
      reason, with or without cause, after ninety (90) days written notice is given.
      Notwithstanding any other provisions hereof to the contrary, Thillairajah’s
      employment hereunder shall terminate under the following
      circumstances:

    

    	(a)  	
            Voluntary
              Termination by Thillairajah.
              Thillairajah shall have the right to voluntarily terminate this Agreement
              and his employment hereunder at any time during the Employment Term.
              

          

    

    	(b)  	
            Voluntary
              Termination by the Company. The
              Company shall have the right to voluntarily terminate this Agreement
              and
              Thillairajah’s employment hereunder at any time. If the Company initiates
              an “at will” termination of your employment as described above the Company
              agrees to pay Thillairajah a lump-sum separation fee at the time of
              termination equal to six (6) months salary plus benefits and be granted
              immediate vesting of all unvested stock and options.
              

          

    

    	(c)  	
            Termination
              for Cause.
              The Company shall have the right to terminate this Agreement and
              Thillairajah’s employment hereunder at any time for cause. For purposes of
              this Agreement, the term “cause” for termination by the Company shall be
              (a) a conviction of or plea of guilty or nolo
              contendere by
              Thillairajah to a felony, or any crime involving fraud or embezzlement;
              (b) the refusal by Thillairajah to perform his material duties and
              obligations hereunder; (c) Thillairajah’s willful and intentional
              misconduct in the performance of his material duties and obligations;
              or
              (d) if Thillairajah or any member of his family makes any personal
              profit
              arising out of or in connection with a transaction to which the Company
              is
              a party or with which it is associated without making disclosure to
              and
              obtaining the prior written consent of the Board of Directors. The
              written
              notice given hereunder by the Company to Thillairajah shall specify
              in
              reasonable detail the cause for termination. For purposes of this
              Agreement, “family” shall mean Thillairajah’s spouse and/or children. In
              the case of a termination for the causes described in (a) and (d) above,
              such termination shall be effective upon receipt of the written notice.
              In
              the case of the causes described in (b) and (c) above, such termination
              notice shall not be effective until ten (10) days after Thillairajah’s
              receipt of such notice, during which time Thillairajah shall have the
              right to respond to the Company’s notice and cure the breach or other
              event giving rise to the termination.

          

     

     

    
      
         

      

      
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    	(d)  	
            Event
              of Sale, Merger or Change of Control.
              In
              the event of the sale, merger or change of control of the Company during
              your employment, or in the event of an agreement to sell, merge or
              change
              control of the Company during your employment, the Company or its
              successor(s) agree to immediately vest all unvested stock and options
              and
              offer you employment under the terms given above, for a period of at
              least
              (6) six months after the sale or merger closing date. If this extension
              is
              not given by the Company or its successor(s) and accepted by you, then
              the
              Company or its successor(s) agree to pay to you a lump-sum separation
              fee
              equivalent to (6) six months of salary plus benefits. Employment “at will”
              provisions described above cannot be applied by the Company from 120
              days
              before the date of the agreement to sell or merge the Company to the
              closing date. If an “at will” action to terminate your employment is taken
              by the Company during this time period, or if you are asked to voluntarily
              end your employment by the Company during this time period, you will
              be
              entitled to immediate vesting of all unvested stock and options and
              a
              lump-sum payment of the equivalent of your salary and benefits for
              (6) six
              months, to be paid on or before the sale or merger closing date.
              

          

     

    	(e)  	
            Termination
              Upon Death.
              If
              Thillairajah dies during the Term of this Agreement, this Agreement
              shall
              terminate, except that Thillairajah’s legal representatives shall be
              entitled to receive any earned but unpaid compensation or expense
              reimbursement due hereunder through the date of
              death.

          

    

    	(f)  	
            Termination
              Upon Disability.
              If, during the Term of this Agreement, Thillairajah suffers and continues
              to suffer from a “Disability” (as defined below), then the Company may
              terminate this Agreement by delivering to Thillairajah thirty (30)
              calendar days’ prior written notice of termination based on such
              Disability, setting forth with specificity the nature of such Disability
              and the determination of Disability by the Company. For the purposes
              of
              this Agreement, “Disability” means Thillairajah’s inability, with
              reasonable accommodation, to substantially perform Thillairajah’s duties,
              services and obligations under this Agreement due to physical or mental
              illness or other disability for a continuous, uninterrupted period
              of one
              hundred and eighty (180) calendar days or two hundred and ten (210)
              days
              during any twelve month period. Upon any such termination for Disability,
              Thillairajah shall be entitled to receive any earned but unpaid
              compensation or expense reimbursement due hereunder through the date
              of
              termination.

          

    

    	(g)  	
            Effect
              of Termination. 

          

    

    (i)
      In
      the event that this Agreement and Thillairajah’s employment is voluntarily
      terminated by Thillairajah pursuant to Section 13(a), or in the event the
      Company terminates this Agreement for cause pursuant to Section 13(c), all
      obligations of the Company and all duties, responsibilities and obligations
      of
      Thillairajah under this Agreement shall cease. Upon such termination, the
      Company shall (i) pay Thillairajah a cash lump sum equal to all accrued base
      salary through the date of termination plus all accrued vacation pay and
      bonuses, if any; and (ii) any shares of common stock or options granted to
      Thillairajah by the Company which have not vested pursuant to Section 4 hereof
      shall be terminated. 

    

    
      
         

      

      
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    (ii)
      In
      the event that this Agreement and Thillairajah’s employment is voluntarily
      terminated by the Company pursuant to Section 13(b), all obligations of the
      Company and all duties, responsibilities and obligations of Thillairajah under
      this Agreement shall cease. Upon such termination, the Company shall pay
      Thillairajah a cash lump sum equal to all accrued base salary through the date
      of termination plus all accrued vacation pay and bonuses, if any; (ii) the
      separation fee; and (iii) any shares of common stock or options granted to
      Thillairajah by the Company pursuant to Section 4 hereof shall become
      immediately vested. 

    

    (iii)
      In
      the event this Agreement is terminated upon the death of Thillairajah pursuant
      to Sections 11(e), Thillairajah’s estate shall be entitled to all compensation
      pursuant to Sections 4 and 5 for the period of 6 months after his death. Payment
      will be made to Thillairajah’s estate. In the event of a merger, consolidation,
      sale, or change of control, the Company's rights hereunder shall be assigned
      to
      the surviving or resulting company, which company shall then honor this
      Agreement with Thillairajah and his estate.

     

    14.
      Resignation as Officer.
      In the
      event that Thillairajah’s employment with the Company is terminated for any
      reason whatsoever, Thillairajah agrees to immediately resign as an Officer
      and/or Director of the Company and any related entities. For the purposes of
      this Section 14, the term the "Company" shall be deemed to include subsidiaries,
      parents, and affiliates of the Company. 

    

    15.
      Governing Law, Jurisdiction and Venue.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      the
      State of Colorado without giving effect to any applicable conflicts of law
      provisions.

    

    16.
      Independent Legal Advice.
      The
      Company has obtained legal advice concerning this Agreement and has requested
      that Thillairajah obtain independent legal advice with respect to same before
      executing this Agreement. Thillairajah, in executing this Agreement, represents
      and warranties to the Company that he has been so advised to obtain independent
      legal advice, and that prior to the execution of this Agreement he has so
      obtained independent legal advice, or has, in his discretion, knowingly and
      willingly elected not to do so.

    

    17.
      Business Opportunities.
      During
      the Employment Term Thillairajah agrees to bring to the attention of the
      Company’s Chief Executive Officer and the Company’s Board of Directors all
      written business proposals that come to Thillairajah’s attention and all
      business or investment opportunities of whatever nature that are created or
      devised by Thillairajah and that relate to areas in which the Company conducts
      business and might reasonably be expected to be of interest to the Company
      or
      any of its subsidiaries.

    

    18.
      Employee’s Representations and Warranties.
      Thillairajah hereby represents and warrants that he is not under any contractual
      obligation to any other company, entity or individual that would prohibit or
      impede Thillairajah from performing his duties and responsibilities under this
      Agreement and that he is free to enter into and perform the duties and
      responsibilities required by this Agreement. 

    

    19.
      Indemnification.

     

     

    
      
         

      

      
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    	(a)  	
            The
              Company agrees that if Thillairajah is made a party, or is threatened
              to
              be made a party, to any action, suit or proceeding, whether civil,
              criminal, administrative or investigative (a "Proceeding"), by reason
              of
              the fact that he is or was a director, officer or employee of the Company
              or is or was serving at the request of the Company as a director, officer,
              member, employee or agent of another corporation, partnership, joint
              venture, trust or other enterprise, including service with respect
              to
              employee benefit plans, whether or not the basis of such Proceeding
              is
              Thillairajah’s alleged action in an official capacity while serving as a
              director, officer, member, employee or agent, Thillairajah shall be
              indemnified and held harmless by the Company to the fullest extent
              permitted or authorized by the Company's certificate of incorporation
              or
              bylaws or, if greater, by the laws of the State of Colorado, against
              all
              cost, expense, liability and loss (including, without limitation,
              attorney's fees, judgments, fines, ERISA excise taxes or penalties
              and
              amounts paid or to be paid in settlement) reasonably incurred or suffered
              by Thillairajah in connection therewith, and such indemnification shall
              continue as to Thillairajah even if he has ceased to be a director,
              member, employee or agent of the Company or other entity and shall
              inure
              to the benefit of Thillairajah’s heirs, executors and administrators. The
              Company shall advance to Thillairajah to the extent permitted by law
              all
              reasonable costs and expenses incurred by his in connection with a
              Proceeding within 20 days after receipt by the Company of a written
              request, with appropriate documentation, for such advance. Such request
              shall include an undertaking by Thillairajah to repay the amount of
              such
              advance if it shall ultimately be determined that he is not entitled
              to be
              indemnified against such costs and
              expenses.

          

    

    	(b)  	
            Neither
              the failure of the Company (including its Board of Directors, independent
              legal counsel or stockholders) to have made a determination prior to
              the
              commencement of any proceeding concerning payment of amounts claimed
              by
              Thillairajah that indemnification of Thillairajah is proper because
              he has
              met the applicable standard of conduct, nor a determination by the
              Company
              (including its Board of Directors, independent legal counsel or
              stockholders) that Thillairajah has not met such applicable standard
              of
              conduct, shall create a presumption that Thillairajah has not met the
              applicable standard of conduct.

          

    

    	(c)  	
            The
              Company agrees to continue and maintain a liability insurance policy
              covering Thillairajah to the extent the Company provides such coverage
              for
              its other executives and officers.

          

    

    	(d)  	
            Promptly
              after receipt by Thillairajah of notice of any claim or the commencement
              of any action or proceeding with respect to which Thillairajah is entitled
              to indemnity hereunder, Thillairajah shall notify the Company in writing
              of such claim or the commencement of such action or proceeding, and
              the
              Company shall (i) assume the defense of such action or proceeding,
              (ii)
              employ counsel reasonably satisfactory to Thillairajah, and (iii) pay
              the
              reasonable fees and expenses of such counsel. Notwithstanding the
              preceding sentence, Thillairajah shall be entitled to employ counsel
              separate from counsel for the Company and from any other party in such
              action if Thillairajah reasonably determines that a conflict of interest
              exists which makes representation by counsel chosen by the Company
              not
              advisable. In such event, the reasonable fees and disbursements of
              such
              separate counsel for Thillairajah shall be paid by the Company to the
              extent permitted by law.

          

    

    	(e)  	
            After
              the termination of this Agreement and upon the request of Thillairajah,
              the Company agrees to reimburse Thillairajah for all reasonable travel,
              legal and other out-of-pocket expenses related to assisting the Company
              to
              prepare for or defend against any action, suit, proceeding or claim
              brought or threatened to be brought against the Company or to prepare
              for
              or institute any action, suit, proceeding or claim to be brought or
              threatened to be brought against a third party arising out of or based
              upon the transactions contemplated herein and in providing evidence,
              producing documents or otherwise participating in any such action,
              suit,
              proceeding or claim. In the event Thillairajah is required to appear
              after
              termination of this Agreement at a judicial or regulatory hearing in
              connection with Thillairajah's employment hereunder, or Thillairajah's
              role in connection therewith, the Company agrees to pay Thillairajah
              a
              sum, to be mutually agreed upon by Thillairajah and the Company, a
              daily
              fee and reasonable expenses for each day of his appearance and each
              day of
              preparation therefor.

          

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    20.
      Notices.
      All
      demands, notices, and other communications to be given hereunder, if any, shall
      be in writing and shall be sufficient for all purposes if personally delivered,
      sent by facsimile or sent by United States mail to the address below or such
      other address or addresses as such party may hereafter designate in writing
      to
      the other party as herein provided.

    

    

    
      	Company:	Thillairajah:
	Tatonka Oil and Gas Company, Inc.	317
              W. 99th
              Street 
	1515 Arapahoe Street, Tower 1, 10th
              Floor   	New York, NY 10025
	Denver, CO 80202      	 
	Fax # (303) 949-4101      	Fax
              # (917) 591-2926  

    

    
 

    21.
      Entire Agreement.
      This
      Agreement contains the entire agreement of the parties and there are no other
      promises or conditions in any other agreement, whether oral or written. This
      Agreement supersedes any prior written or oral agreements between the parties.
      This Agreement may be modified or amended, if the amendment is made in writing
      and is signed by both parties. This Agreement is for the unique personal
      services of Thillairajah and is not assignable or delegable, in whole or in
      part, by Thillairajah. This Agreement may be assigned or delegated, in whole
      or
      in part, by the Company and, in such case, shall be assumed by and become
      binding upon the person, firm, company, corporation or business organization
      or
      entity to which this Agreement is assigned, subject to the provisions of section
      13 (d). The headings contained in this Agreement are for reference only and
      shall not in any way affect the meaning or interpretation of this Agreement.
      If
      any provision of this Agreement shall be held to be invalid or unenforceable
      for
      any reason, the remaining provisions shall continue to be valid and enforceable.
      The failure of either party to enforce any provision of this Agreement shall
      not
      be construed as a waiver or limitation of that party's right to subsequently
      enforce and compel strict compliance with every provision of this Agreement.
      This Agreement may be executed in two or more counterparts, each of which shall
      be deemed an original, but all of which together shall constitute one and the
      same instrument and, in pleading or proving any provision of this Agreement,
      it
      shall not be necessary to produce more than one of such
      counterparts.

    

    [Remainder
      of page intentionally left blank.]

    

    

    

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, the parties have executed this Agreement as of the day and
      year
      first above written.

     

     

    
 

    
      	Tatonka Oil and Gas Company,
              Inc.:   	Sothi
              Thillairajah:
	 	 
	
              By: /s/
                BRIAN HUGHES

              
                

              

              Name: Brian Hughes         

            	
              /s/ SOTHI THILLAIRAJAH

              
                

              
Sothi Thillairajah
	 Title:
              Chief Executive Officer

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