Document:

Unassociated Document

    
      

    

    

      Mr.
        Frederick C. Stein

      2524
        Cedar St.

      Bakersfield,
        CA 93301

      

      August
        17, 2005

      

      VIA
        EMAIL:
        fred@fresherhaus.com

      

      
        	
                Re:

              	
                Ignis
                  Petroleum Corporation - Operations Advisor Consultant
                  Agreement

              

      

      

      Dear
        Fred:

      

      It
        is
        with great pleasure that I extend to you the consulting position of Operations
        Advisor. In your role, you will be a member of the Company's Board of Advisors
        whose responsibility is to work towards fulfilling the Company's goals, while
        providing ongoing recommendations to the executive team and board of directors,
        both strategic and tactical in nature. The agreement is for one year from
        the
        date of signing with two, one-year options to renew as mutually
        agreed.

      

      POSITION
        SUMMARY
        - You
        will be responsible for providing input on matters of strategic, business
        development and technical importance, and will be an advisor to the executive
        team. The position overview is provided in Exhibit A and specific milestones
        for
        the first year in Exhibit B. You will be instrumental in Ignis' technical
        planning and evaluation and participate in fund raising as requested. This
        is a
        part-time position that will typically require two or more days per month
        in
        total commitment. At critical times, such as opportunity evaluation and
        planning, the time commitment may be more, but this would be considered
        unusual.

      

      COMPENSATION
        - You
        will be provided a combination of cash, restricted common stock and common
        stock
        options as detailed in Exhibit C. We will provide you a cash retainer which
        will
        be replenished monthly. You will be granted up to 200,000 shares of Ignis
        Petroleum Group, Inc. stock over a period of three years. And you will be
        provided common stock options coinciding with the successful placement of
        funds
        into the company in which you personally assisted. A form 1099 will be provided
        at the end of each year for the payment of your services.

      

      We
        are
        excited about your participation and we are confident of the contributions
        you
        will make to achieve the goals of Ignis Petroleum.

      

      AGREEMENT
        - Please
        indicate your acceptance by signing below.

      

      
        	
                /s/
                  Michael P. Piazza

              	 	
                /s/
                  Frederick C. Stein

              
	
                By:
                  Michael P. Piazza

              	 	
                By:
                  Frederick C. Stein

              
	
                Its:
                  President and CEO

              	 	
                Its:
                  Operations Advisor

              
	
                Date:
                  August 17, 2005

              	 	
                Date:
                  August 17, 2005

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        A 

      CONSULTANT
        OPERATIONS ADVISOR OVERVIEW

      

      POSITION
        SUMMARY

      

      The
        holder of this position will be responsible for providing guidance and oversight
        of all operations-related matters of the company and work within the senior
        management team on business strategy and development planning. The Advisor
        will
        be highly-skilled in diverse E&P drilling and petroleum engineering
        activities with a 20+ year track record of increasing production, minimizing
        costs and creating significant value. The position will report to the CEO
        and
        COO.

      

      EXPECTED
        INVOLVEMENT

      

      Be
        a key
        member of senior management team and company's technical leader on all
 drilling,
        production and marketing activities

      

      Lead
        company's activities as defined below leveraging industry contacts and
        consultants 

      Participate
        part-time with potential to increase time commitment commensurate with
 company
        success

      

      AREAS
        OF RESPONSIBILITY

      

      Business
        strategy and planning

      Petroleum
        engineering and economics

      Reservoir
        and reserves management

      Drilling,
        production and marketing operations

      Field
        development planning, joint ventures, and negotiations

      

      REQUIREMENTS

      

      BS
        or MS
        degree in engineering and significant operations experience

      

      Senior
        technical and operations management experience in major or independent oil
&
gas  company
        with progressive leadership positions

      

      Well-respected
        technical leader with strong industry affiliations

      

      CONFIDENTIALITY

      

      No
        disclosure of trade secrets; proprietary or confidential information of the
        Company or affiliate obtained during the course of this agreement except
        as
        required to carry out the terms of this agreement.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B

      12-MONTH
        MILESTONES

      

      During
        the next twelve months we expect that you will help Ignis Petroleum to achieve
        the following critical milestones:

      

      Completion
        of business strategy and plan with senior management team

      

      Development
        of work processes for devising or evaluating plans related to: 

      

      Field
        development

      Drilling

      Production
        operations

      Reservoir
        management

      

      Evaluation
        of prospective opportunities

      

      Completion
        of major funds placement, participate in select "road show" events as requested
        by CEO and COO

      

      Introductions
        to industry people who can provide technical services or can be full-time
        employees. Participate in the interviewing of prospective employees as
        requested

      

      Source,
        review and negotiate prospective opportunities to advance the cause the company.
        Help establish and manage relationships with prospective joint-venture
        partners

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        C

      CONSULTANT
        OPERATIONS ADVISOR COMPENSATION

      

      CASH
        COMPENSATION:

      

      $1,500
        retainer, replenished monthly as appropriate

      

      Advisory
        services at prorated rate of $750 (USD) per day (1)

      

      RESTRICTED
        STOCK:
        Total
        award of 200,000 common shares granted as follows:

      

      
        	
                Purpose

              	
                Timing

              	
                Granted
                  shares

              
	
                Sign-on

              	
                August
                  9, 005

              	
                 
                  25,000

              
	
                Funds
                  placement (equity or
                  convertible preferred stock
                  or similar)

              	
                At
                  time of successful funds
                  placement*

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                February
                  9, 2006

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                August
                  9, 2006

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                February
                  9, 2007

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                August
                  9, 2007

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                February
                  9, 2008

              	
                 
                  25,000

              
	
                Advisory
                  services

              	
                August
                  9, 2008

              	
                 
                  25,000

              
	
                "Total

              	 	
                200,000

              

      

      *
        At
        least $10 million of cumulative placement

      

      BONUS
        STOCK OPTIONS:
        Award of
        3,000 non-qualified common share options, at a strike price of $1.00 for
        each
        $1,000,000 funds raised in which you had a part, (minimum $3000000 cumulative
        raised) for a maximum total of 50,000 common share options issued pursuant
        to
        the non-qualified plan to be adopted by the company.

      

      SERVICE
        PRORATION: Either
        party can terminate the relationship without need for cause before the end
        of
        the one year. Upon such termination, the Operations Advisor will keep whatever
        stock has been granted to that time. The Operations Advisor agrees to provide
        transitional advisory services for a period of up to three months without
        further stock grants, however, normal cash compensation will remain in
        effect.

      

      REIMBURSABLE
        EXPENSES:
        Reimbursed for reasonable and customary expenses incurred on behalf of and
        in
        furtherance of the business of the Company and upon approval of such expenses,
        Ignis shall promptly (within 30 days) provide reimbursement for such
        expenses.

      

      Note:
        (1)
        Should the total cash compensation exceed $50,000 in any 12-month period
        then
        the Company will enter into discussions to convert the position to either
        a
        part-time or full-time employee of the Company, as required.Unassociated Document

    
      

    

    

      Mr.
        Joseph Gittelman

      2027
        Drexel Drive

      Houston,
        Texas 77027

      

      August
        17, 2005

      

      VIA
        EMAIL:
        Jaynoco@hal-pc.org

      

      
        	
                Re:

              	
                Ignis
                  Petroleum Corporation - Exploration Advisor Consultant
                  Agreement

              

      

      

      Dear
        Joe:

      

      It
        is
        with great pleasure that I extend to you the consulting position of Exploration
        Advisor. In your role, you will be a member of the Company's Board of Advisors
        whose responsibility is to work towards fulfilling the Company's goals, while
        providing ongoing recommendations to the executive team and board of directors,
        both strategic and tactical in nature. The agreement is for one year from
        the
        date of signing with two, one-year options to renew as mutually
        agreed.

      

      POSITION
        SUMMARY
        - You
        will be responsible for providing input on matters of strategic, business
        development and technical importance, and will be an advisor to the executive
        team. The position overview is provided in Exhibit A and specific milestones
        for
        the first year in Exhibit B. You will be instrumental in Ignis' technical
        planning and evaluation and participate in fund raising as requested. This
        is a
        part-time position that will typically require two or more days per month
        in
        total commitment. At critical times, such as opportunity evaluation and
        planning, the time commitment may be more, but this would be considered
        unusual.

      

      COMPENSATION
        - You
        will be provided a combination of cash, restricted common stock and common
        stock
        options as detailed in Exhibit C. We will provide you a cash retainer which
        will
        be replenished monthly. You will be granted up to 350,000 shares of Ignis
        Petroleum Group, Inc. stock over a period of three years. And you will be
        provided common stock options coinciding with the successful placement of
        funds
        into the company in which you personally assisted. A form 1099 will be provided
        at the end of each year for the payment of your services.

      

      We
        are
        excited about your participation and are confident of the contributions you
        will
        make to achieve the goals of Ignis Petroleum.

      

      AGREEMENT
        - Please
        indicate your acceptance by signing below.

      

      
        	
                /s/
                  Michael P. Piazza

              	 	
                /s/
                  Joseph Gittelman

              
	
                By:
                  Michael P. Piazza

              	 	
                By:
                  Joseph Gittelman

              
	
                Its:
                  President and CEO

              	 	
                Its:
                  Exploration Advisor

              
	
                Date:
                  August 25, 2005

              	 	
                Date:
                  August 25, 2005

              

      

      

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

       

      EXHIBIT
        A 

      CONSULTANT
        EXPLORATION ADVISOR OVERVIEW

      

      POSITION
        SUMMARY

      The
        holder of this position will be responsible for providing guidance and oversight
        of all exploration-related matters of the company and work within the senior
        management team on business strategy and development planning. The Advisor
        will
        be highly-skilled in petroleum geology and the geosciences with a 20+ year
        track
        record of finding and developing oil & gas. The position will report to the
        CEO and COO.

      

      EXPECTED
        INVOLVEMENT

      

      Be
        a key
        member of the senior management team and company's technical leader on all
        exploration-related activities

      

      Lead
        company's activities as defined below leveraging industry contacts and
        consultants

      

      Participate
        part-time with potential to increase time commitment commensurate with company
        success

      

      AREAS
        OF RESPONSIBILITY

      

      Business
        strategy and planning

      Prospect
        identification, evaluation and risk assessment

      Petroleum
        geology and geoscience

      Seismic
        acquisition and interpretation

      Field
        development planning, joint ventures, and negotiations

      

      REQUIREMENTS

      

      BS
        or MS
        degree in geology or related field and significant exploration
        experience

      

      Senior
        technical and business management experience in major or independent oil
&
gas  company
        with progressive leadership positions

      

      Well-respected
        technical leader with strong industry affiliations

      

      CONFIDENTIALITY

      

      No
        disclosure of trade secrets; proprietary or confidential information of the
        Company or affiliate obtained during the course of this agreement except
        as
        required to carry out the terms of this agreement. No information regarding
        prospects evaluated on behalf of Ignis Petroleum Corporation shall be shared
        with or acted upon with third-parties without the prior written consent of
        the
        CEO or COO

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        B

      12-MONTH
        MILESTONES

      

      During
        the next twelve months we expect that you will help Ignis Petroleum to achieve
        the following critical milestones:

      

      Completion
        of business strategy and plan with senior management team

      

      Development
        of work processes related to:  

      Data
        acquisition and interpretation 

      Prospect
        identification and evaluation, and farm-outs

      Geological
        and geophysical analysis

      Resource
        estimation, risk assessment an portfolio balancing .

      Development
        planning

      

      Evaluation
        and/or generation of prospective opportunities

      

      Completion
        of major funds placement, participate in select "road show" events as requested
        by CEO and COO

      

      Introductions
        to industry people who can provide technical services or can be full-time
        employees. Participate in the interviewing of prospective employees as
        requested

      

      Source,
        review and negotiate prospective opportunities to advance the cause the company.
        Help establish and manage relationships with prospective joint-venture
        partners

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      EXHIBIT
        C

      CONSULTANT
        OPERATIONS ADVISOR COMPENSATION

      

      CASH
        COMPENSATION:

      $1,500
        retainer, replenished monthly as appropriate

      

      Advisory
        services at prorated rate of $750 (USD) per day (1)

      

      RESTRICTED
        STOCK: Total
        amend of 350,000 common shares granted as follows:

      

      
        	
                Purpose

              	
                Timing

              	
                Granted
                  shares

              
	
                Sign-on

              	
                At
                  time of signing

              	
                43,750

              
	
                Funds
                  placement (equity or
                  convertible preferred stock
                  or similar)

              	
                At
                  time of successful funds
                  placement*

              	
                43,750

              
	
                Advisory
                  services

              	
                February
                  9, 2006

              	
                43,750

              
	
                Advisory
                  services

              	
                August
                  9, 2006

              	
                43,750

              
	
                Advisory
                  services

              	
                February
                  9, 2007

              	
                43,750

              
	
                Advisory
                  services

              	
                August
                  9, 2007

              	
                43,750

              
	
                Advisory
                  services

              	
                February
                  9, 2008

              	
                43,750

              
	
                Advisory
                  services

              	
                August
                  9, 2008

              	
                43,750

              
	
                Total

              	 	
                350,000

              

      

      *
        At
        least $10 million of cumulative placement

      

      BONUS
        STOCK
        OPTIONS:
        Award of
        7,500 non-qualified common share options, at a strike price of $1.00 for
        each
        $1,000,000 funds rated in which you had a part, (minimum $3,000,000 cumulative
        raised) for a maximum total of 125,000 common share options issued pursuant
        to
        the non-qualified plan to be adopted by the company.

      

      SERVICE
        PRORATION:
        Either
        party can terminate the relationship without need for cause before the end
        of
        the one year. Upon such termination, the Exploration Advisor will keep whatever
        stock has been granted to that time. The Exploration Advisor agrees to provide
        transitional advisory services for a period of up to three months without
        further stock grants, however, normal cash compensation will remain in
        effect.

      

      REIMBURSABLE
        EXPENSES:
        Reimbursed for reasonable and customary expenses incurred on behalf of and
        in
        furtherance of the business of the Company and upon approval of such expenses,
        Ignis shall promptly (within 30 days) provide reimbursement for such
        expenses.

      

      Note:
        (1)
        Should the total cash compensation exceed $50,000 in any 12-month period
        then
        the Company may enter into discussions to convert the position to either
        a
        part-time or full-time employee of the Company, as required.

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