Document:

Exhibit 10.10

    
      

    

    September
      30, 2005

    

    Newton
      Properties, Inc.

    Trust
      Company Complex

    Ajeltake
      Road

    Ajeltake
      Island, 

    Majuro,
      Marshall Islands MH96960

    

    

    
      	 	
              RE:
                

            	
              Amendment
                to Letter Agreement, North Wright Field Prospect, Acadia Parish,
                Louisiana

            

    

    

    Ladies
      and Gentlemen:

    

    Reference
      is made to that certain letter agreement dated April 22, 2005 (the "Agreement"),
      by and between Ignis Petroleum Corporation ("Ignis") and Newton Properties,
      Inc.
      ("Newton"), pertaining to the North Wright Field Prospect, Acadia Parish,
      Louisiana, as more particularly set forth in the Agreement. All capitalized
      terms used but not defined herein shall have the meanings given such terms
      in
      the Agreement and the Joint Operating Agreement ("JOA") attached as Exhibit
      D to
      the Agreement. 

    

    For
      good
      and adequate consideration exchanged between the parties, the receipt and
      sufficiency of which is hereby acknowledged and confessed, the parties agree
      as
      follows:

    

    1.    Section
      4
      of the Agreement is hereby amended to read in its entirety as
      follows:

    

    “In
      the
      event that Ignis does not commence actual drilling operations on the first
      well
      on or before March 31, 2006, Ignis shall, without notice from Newton, deliver
      assignments of the interests acquired by Ignis hereunder to Argyle Energy,
      Inc.,
      whereupon this Agreement shall terminate and be of no further force or effect.”

    

    Except
      as
      amended hereby, the Agreement shall remain unchanged and in full force and
      effect.

    

    2.    In
      consideration for Newton extending the deadline to commence drilling operations
      as provided in Section 1 above, Ignis Petroleum Group, Inc. (“IPG”), the sole
      shareholder of Ignis, shall issue to Newton 250,000 shares of IPG’s common
      stock, par value $0.001 per share (the “Shares”), which Shares shall be valued
      for the purposes of this letter agreement at $1.00 per Share for an aggregate
      of
      $250,000. Newton understands that the Shares have not been registered with
      the
      Securities and Exchange Commission or any state securities board and, as such,
      the Shares will be deemed restricted securities, as such term is defined in
      the
      Securities Act of 1933, as amended (the “Securities Act”). In connection with
      the issuance of the Shares, Newton hereby makes the following representations
      and warranties to Ignis:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Newton
      Properties, Inc.

    September
      30, 2005

    Page
      2

     

    (a)  Newton
      is
      an “accredited investor” as such term is defined in the Securities
      Act.

    

    (b)  Newton
      is
      purchasing the Shares for its own account, for investment purposes only and
      not
      with view to any public resale or other distribution thereof. Newton and its
      representatives have received, or have had access to, and have had sufficient
      opportunity to review, all books, records, financial information and other
      information which Newton considers necessary or advisable to enable it to make
      a
      decision concerning its purchase of the Shares, and Newton possesses such
      knowledge and experience in financial and business matters that it is capable
      of
      evaluating the merits and risks of its investment hereunder.

    

    (c)  Newton
      understands that any sale by Newton of any of the Shares will, under current
      law, require either: (i) the registration of the Shares under the Securities
      Act
      and applicable state securities acts; (ii) compliance with Rule 144 of the
      Securities Act; or (iii) the availability of an exemption from the registration
      requirements of the Securities Act. Newton understands that IPG has not
      undertaken and does not presently intend to file a registration statement to
      register the Shares. Newton hereby agrees to execute, deliver, furnish or
      otherwise provide to IPG an opinion of counsel reasonably acceptable to IPG
      prior to any subsequent transfer of the Shares, that such transfer will not
      violate the registration requirements of the federal or state securities acts.
      Newton further agrees to execute, deliver, furnish or otherwise provide to
      IPG
      any documents or instruments as may be reasonably necessary or desirable in
      order to evidence and record the Shares acquired hereby.

    

    (d)  To
      assist
      in implementing the above provisions, Newton hereby consents to the placement
      of
      the legend, or a substantially similar legend, set forth below, on all
      certificates representing ownership of the Shares acquired hereby until the
      Shares have been sold, transferred, or otherwise disposed of, pursuant to the
      requirements hereof. The legend shall read substantially as
      follows:

     

    "THE
      SHARES REPRESENTED BY THIS CERTIFICATE WERE ISSUED WITHOUT REGISTRATION UNDER
      THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR ANY APPLICABLE STATE
      SECURITIES LAWS, AND MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED,
      ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL THEY ARE REGISTERED UNDER
      THE
      ACT OR AN OPINION OF COUNSEL SATISFACTORY TO IPG IS OBTAINED TO THE EFFECT
      THAT
      SUCH REGISTRATION IS NOT REQUIRED."

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      Newton
        Properties, Inc.

      September
        30, 2005

      Page
        3

       

    

    Please
      indicate your acceptance of the terms of this letter agreement by signing a
      counterpart of this letter agreement in the space provided therefore below.
      Upon
      receipt of a fully-executed counterpart of this letter agreement, IPG will
      issue
      a certificate to Newton representing 250,000 Shares.

    

    
      	 	
              Very
                truly yours,

            
	 	 	 
	 	
              IGNIS
                PETROLEUM COPORATION

            
	 	 	 
	 	 	 
	 	
              By:

            	
              s/
                Philipp Buschmann     

            
	 	 	
              Philipp
                Buschmann, 

            
	 	 	
              President,
                Secretary and Treasurer

            
	 	 	 
	 	
              IGNIS
                PETROLEUM GROUP, INC.

            
	 	 	 
	 	 	 
	 	
              By:

            	
              s/
                Philipp Buschmann     

            
	 	 	
              Philipp
                Buschmann, 

            
	 	 	
              Chief
                Operating Officer and

            
	 	 	
              Secretary

            

    

    

    AGREED
      TO AND ACCEPTED 

    this
      the
      30th day of September, 2005.

    

    NEWTON
      PROPERTIES, INC.

     

    
      	
              By:

            	
              /s/
                David Craven

            	 
	 	
              David
                Craven,

            	 
	 	
              CEO/DirectorUnassociated Document

    
      

    

    

      Date:
        April 21, 2005

      

      To:
        Michael P. Piazza

      RE:
        Offer
        of Employment Letter

       

      

      Dear
        Mike,

      

      Congratulations.
        I would like to offer you the position of Chief Executive Officer for Ignis
        Petroleum Corporation.

      

      About
        the
        package:

      
        	 	
                -

              	
                $120,000
                  per year gross base salary, paid monthly in arrears. After one
                  year’s
                  service we will re-assess the base salary based on the position
                  of the
                  company. Should we at that point in time have revenues and be on
                  a path to
                  profitability an increase in the base salary would be in order.
                  However,
                  this depends much on the continued viability of the company at
                  that
                  time.

              

      

      
        	 	
                -

              	
                No
                  less than 1,000,000 shares of restricted common stock granted per
                  year for
                  the next four years, for a total of not less than 4,000,000 shares
                  of
                  common stock. Timing of stock grants to follow the following
                  schedule:

              

      

      
        	 	
                o

              	
                150,000
                  shares after three months of
                  service

              

      

      
        	 	
                o

              	
                350,000
                  shares at the fully successful 6 month checkpoint (see below).
                  If the
                  checkpoint is not met successfully the grant can be delayed by
                  action of
                  the board until it is met or the 12 month check-point whichever
                  comes
                  first.

              

      

      
        	 	
                o

              	
                500,000
                  shares at the 12 month checkpoint (see
                  below)

              

      

      
        	 	
                o

              	
                500,000
                  shares of restricted common stock every 6 months thereafter granted
                  in
                  arrears.

              

      

      
        	 	
                o

              	
                Should
                  termination by either party of this agreement occur prior to any
                  completion of either the 6,12,18,24,30,36,42,48 month timeframes
                  no stock
                  will be granted for that 6-month period.

              

      

      
        	 	
                -

              	
                Business-related
                  and travel expenses, including mutually agreed-upon temporary living
                  costs, to be reimbursed on a monthly basis. The home base for the
                  CEO is
                  Dallas. Travel to be booked reasonably, especially
                  airfare.

              

      

      
        	 	
                -

              	
                $10,000
                  relocation expense net of tax due upon start-date and payable within
                  10 to
                  30 days after start.

              

      

      
        	 	
                -

              	
                CEO
                  will be provided a laptop computer with appropriate software and
                  communications capabilities.

              

      

      
        	 	
                -

              	
                Start-date
                  is Monday 9th
                  of
                  May 2005.

              

      

      
        	 	
                -

              	
                Holidays
                  can be taken as mutually agreed. There is no specific number of
                  days off
                  since during the start-up phase of a company work will be at times
                  very
                  intense - yet at times quite relaxed. However, a period of 25 days
                  a year,
                  which includes national holidays, will be considered paid holidays.
                  These
                  days are to be agreed with the management team well in
                  advance.

              

      

      
        
          
          

        

        
          1

          
            

          

        

        
          
          

        

      

      
        	 	
                -

              	
                Either
                  you or the company can terminate employment at any time. Within
                  the first
                  three months, either you or the company must give each other a
                  one-week
                  notice period. After 3 months of service a month notice period
                  must be
                  given. 

              

      

      

      The
        overall package has huge potential upside, however it must be understood
        that as
        with any start-up a wind-down of activities may be necessary should we not
        be
        able to secure a financially sound company.

      

      About
        the
        position:

      

      Naturally
        the CEO position doesn’t come with a job description; it requires the ability to
        operate on all levels and capacities, especially with a start-up. In the
        short
        run (first 12 months) the CEO’s main task is to develop, market, raise money for
        the prospects that Ignis already acquired. Otherwise, rather than outline
        specific tasks let me indicate three checkpoints. 

      

      At
        the
        3-month checkpoint

      
        	 	
                -

              	
                The
                  company should have a completed:

              

      

      
        	 	
                o

              	
                business
                  plan for investors

              

      

      
        	 	
                o

              	
                financial
                  model to determine total developing
                  costs.

              

      

      
        	 	
                o

              	
                investor
                  packs for investment presentations

              

      

      
        	 	
                o

              	
                a
                  plan to engage 2nd
                  stage investors

              

      

      
        	 	
                o

              	
                contacted
                  and be in initial talks with 2nd
                  stage investors

              

      

      
        	 	
                o

              	
                be
                  in the process of commissioning and acquiring additional geological
                  surveys of 3rd
                  parties to increase the quality of data and raise the confidence
                  of future
                  investors for the already procured
                  prospects

              

      

      
        	 	
                o

              	
                high
                  level growth strategy for the long and short
                  run,

              

      

      
        	 	
                o

              	
                any
                  other tasks deemed necessary to grow and build this
                  company

              

      

      
        	 	
                o

              	
                established
                  an advisory board of two or three
                  individuals

              

      

      
        	 	
                o

              	
                established
                  a good working relationship with the
                  COO.

              

      

      

      During
        this time the CEO will work closely with the COO. Overall task responsibility
        will lie with the CEO, especially for money raising activities.

      

      At
        the
        6-month checkpoint

      
        	 	
                -

              	
                The
                  company should have:

              

      

      
        	 	
                o

              	
                Secured
                  commitments for approximately 50% of the capital to drill and develop
                  the
                  initial wells for both prospects with a view of how to find the
                  remaining
                  50% within the 9 month period (we have to drill within 12 months
                  and it
                  will take 3 months to prep so the deadline to raise the necessary
                  funds is
                  6 to 9 months)

              

      

      
        	 	
                o

              	
                Secured
                  commitments for a drilling rig ready to drill - this requires a
                  number of
                  steps to complete

              

      

      
        	 	
                o

              	
                Identified
                  additional potential opportunities past the initial two prospects
                  to take
                  the company past the initial two
                  prospects

              

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      At
        the
        12-month checkpoint

      
        	 	
                -

              	
                The
                  company should be:

              

      

      
        	 	
                o

              	
                Drilling
                  for, or producing petroleum from the initial two
                  prospects

              

      

      
        	 	
                o

              	
                Have
                  revenues and be on a path to
                  profitability

              

      

      
        	 	
                o

              	
                Have
                  procured additional prospects and be pursuing financing for
                  them

              

      

      
        	 	
                o

              	
                Starting
                  to build a team and execute on the
                  strategy

              

      

      
        	 	
                o

              	
                Have
                  a financially sound company that can grow to become a significant
                  petroleum company

              

      

      

      It
        must
        be understood that there are any number of activities/goals/deliverables
        missing
        from this list, it is only a guide and neither complete or exhaustive. It
        is a
        guide to what I expect the CEO to build within the first year of service.
        

      

      I
        look
        forward to working with you. You are an exceptional person and I think we
        will
        be able to build an amazing company together.

      

      

      Agreed
        and signed on the 21st of April 2005,

      

       

      
        	
                s/
                  Philipp Buschmann     

              	 
	
                Philipp
                  Buschmann

              	 
	
                President,
                  Founder and acting CEO Ignis Petroleum

              	 

      

      

      

      Agreed
        and signed on the 21sth
        of April
        2005,

      
 

      
        	
                /s/
                  Michael P. Piazza     

              	 
	
                Michael
                  P. Piazza

              	 

      

    

     

    3

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