Document:

ex10-6.htm

    Exhibit
10.6

     

    PROMISSORY
NOTE

    (Unsecured)

    

    
      	
              $1,089,685

            	
              March
      12, 2010

            

    

    

    FOR VALUE RECEIVED, the undersigned,
Gulf United Energy, Inc., a Nevada corporation (“Maker”), hereby unconditionally
promises to pay to the order of James Askew (“Payee”), at 3 Riverway, 18th
Floor, Houston, Texas, 77056, or at such other address given to Maker by Payee,
the principal sum of ONE MILLION EIGHTY NINE THOUSAND SIX HUNDRED EIGHTY FIVE
AND NO/100 DOLLARS ($1,089,685), in lawful money of the United States of
America, together with interest on the unpaid principal balance at the rate of
10% per annum.

    

    Accrued interest shall be payable on
June 30, 2010, September 30, 2010, December 31, 2010, and March 31, 2011,
beginning on June 30, 2010.  The entire unpaid balance of this Note,
including all unpaid and accrued interest, shall be due and payable upon the
earlier of (i) March 31, 2011 or (ii) the New Financing Date (as defined
below).  Payments of any sums due to the Payee and/or holder under the
terms of this Note shall be made in United States Dollars by check or wire
transfer at the option of Maker.  If any payment hereunder would
otherwise become due and payable on a day on which banks are closed or permitted
to be closed in Houston, Texas, such payment shall become due and payable on the
next succeeding day on which banks are open and not permitted to be closed in
Houston, Texas.  For purposes of this Note, the term “New Financing
Date” means the third business day after the date on which Maker closes any
equity or equity equivalent financing in which Maker receives gross proceeds of
at least Five Million Dollars ($5,000,000) or more or the last of any such
equity or equity equivalent financing which in the aggregate equal gross
proceeds of $5,000,000 or more to Maker. All such gross proceeds are determined
before deduction of any fees or other expenses or disbursements of any kind in
connection with the relevant transaction, offering or placement of
securities.

    

    Maker
acknowledges and agrees that this Note issued to Payee ranks senior in right and
priority of payment to all other indebtedness of Maker.  Until
repayment in full of this Note, Maker shall not incur, create,
assume, guarantee or permit to exist any indebtedness that ranks senior in
priority to, or pari passu with, the indebtedness represented by the
Note.

    

    If
default occurs in the payment of any principal or interest when due hereunder,
or upon Maker’s insolvency, the appointment of a receiver of all or any part of
Maker’s property, an assignment for the benefit of creditors of Maker, or the
commencement of any proceeding under any bankruptcy, insolvency or debtor relief
laws by or against Maker, the Payee hereof may, at its option, declare the
entirety of this Note, principal and interest, immediately due and payable, and
pursue any and all other remedies available to it at law or in
equity.  If this note is given to an attorney for collection, or if
suit is brought for collection, or if it is collected through bankruptcy, or
other judicial proceedings, then Maker shall pay Payee all costs of collection,
including reasonable attorney’s fees and court costs, in addition to other
amounts due.

    

    
      
        
        

      

      
        -1-

        
          

        

      

      
        
        

      

    

    Maker
agrees that if Maker defaults in the payment of any payment required hereunder,
whether payment of principal or interest, Maker promises to pay, on demand,
interest on any such unpaid amounts, from the date the payment is due to the
date of actual payment, at the rate of the lesser of (i) eighteen percent (18%)
per annum; and (ii) the maximum nonusurious rate permitted by applicable
law.

    

    In the
event any provision of this Note (or any part of any provision) is held by a
court of competent jurisdiction to be invalid, illegal, or unenforceable in any
respect, such invalidity, illegality, or unenforceability shall not affect any
other provision (or remaining part of the affected provision) of this Note; but
this Note shall be construed as if such invalid, illegal, or unenforceable
provision (or part thereof) had not been contained in this Note, but only to the
extent it is invalid, illegal, or unenforceable.

    

    Each
right, power, and remedy of the Payee as provided for in this Note, or now or
hereafter existing under any applicable law or otherwise shall be cumulative and
concurrent and shall be in addition to every other right, power, or remedy
provided for in this Note now or hereafter existing under any applicable law,
and the exercise or beginning of the exercise by the Payee of any one or more of
such rights, powers, or remedies shall not preclude the simultaneous or later
exercise by the Payee of any or all such other rights, powers, or
remedies.  No failure or delay by the Payee to insist upon the strict
performance of any term, condition, covenant, or agreement of this Note, or to
exercise any right, power, or remedy upon a breach thereof, shall constitute a
waiver of any such term, condition, covenant, or agreement or of any such
breach, or preclude the Payee from exercising any such right, power, or remedy
at a later time or times.  By accepting payment after the due date of
any amount payable under the terms of this Note, the Payee shall not be deemed
to waive the right either to require prompt payment when due of all other
amounts payable under the terms of this Note or to declare an event of default
for the failure to effect such prompt payment of any such other
amount.  No course of dealing or conduct shall be effective to amend,
modify, waive, release, or change any provisions of this Note.

    

    Any provision herein, or in any
document securing this Note, or any other document executed or delivered in
connection herewith, or in any other agreement or commitment, whether written or
oral, expressed or implied, to the contrary notwithstanding, neither Payee nor
any holder hereof shall in any event be entitled to receive or collect, nor
shall or may amounts received hereunder be credited, so that Payee or any holder
hereof shall be paid, as interest, a sum greater than the maximum amount
permitted by applicable law to be charged to the person, partnership, firm or
corporation primarily obligated to pay this Note at the time in
question.  If any construction of this Note or any document securing
this Note, or any and all the papers, agreements or commitments, indicate a
different right given to Payee or any holder hereof to ask for, demand or
receive any larger sum as interest, such is a mistake in calculation or wording
which this clause shall override and control, it being the intention of the
parties that this Note, and all other instruments securing the payment of this
Note or executed or delivered in connection herewith shall in all things comply
with applicable law and proper adjustments shall automatically be made
accordingly.

    

    
      
        
        

      

      
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    Maker reserves the right to prepay the
outstanding principal balance of this Note, in whole or in part, at any time and
from time to time, without premium or penalty.  The Maker and any
other party ever liable for payment of any sums of money payable on the Note,
jointly and severally, waive presentment, protest and notice of protest and
nonpayment, notice of acceleration or other notice of default.

    

    This Note is being executed and
delivered, and is intended to be performed, in the State of
Texas.  Except to the extent that the laws of the United State may
apply to the terms hereof, the substantive laws of the State of Texas shall
govern the validity, construction, enforcement and interpretation of this
Note.

    

    

    
      	 
      	
              MAKER

            
	 
      	 
      
	 
      	
              Gulf
      United Energy, Inc.

            
	 
      	 
      
	 
      	
              By:
      _______________________

            
	 
      	
              Name:
      _______________________

            
	 
      	
              Title:
      _______________________

            

    

     

    
      
         

      

      
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    PAYEE
SIGNATURE PAGE

    

    

    PAYEE

    

    

    /s/
James M. Askew

    James. M.
Askew

     

     

     

     

     

     

    
      
        
        

      

      
        -4-ex10-6.htm

    Exhibit 10.6

    CONSULTING AND FEE
AGREEMENT

    

    This
Agreement, dated as of July 1st, 2009, is between Internet Marketing Solutions,
Inc. / Robert Hainey President, (“CONSULTANT") and Sungro Minerals,
Inc. and affiliates ("CLIENT"
or “Sungro”), (collectively the Parties).

     

    RECITALS

    

    A.CLIENT desires to retain
CONSULTANT to render
consulting and advisory services for CLIENT on the terms and
conditions set forth in this Agreement and CONSULTANT desires to be
retained by CLIENT on
such terms and conditions.

    

    B.
Internet Marketing Solutions, Inc. has introduced Sungro Minerals  and
its affiliates to Steve Van Ert/Noel Cousins (Conglomerate Mesa) for the purpose
of Conglomerate Mesa to merge with Sungro Minerals, Inc. (stock symbol SUGM) a
public company controlled by Mal Bains and its affiliates.

    

    C. This
agreement will set forth the understanding between the Parties subsequent to a
Definitive Agreement between Conglomerate Mesa and Sungro Minerals,
Inc.

     

    NOW, THEREFORE, CLIENT and CONSULTANT agree as
follows:

    

    Retention of
Consultant;

    

    1. Services to be Performed.
CLIENT hereby retains
CONSULTANT for the term
of this Agreement to perform the consulting services on an as needed basis.
These services will include but will not be limited to business development,
strategic planning, technology implementation, public relations, and mergers and
acquisitions. In rendering Services hereunder, CONSULTANT shall be acting as
an independent contractor and not as an employee or agent of CLIENT. As independent
contractors, neither CONSULTANT nor CLIENT shall have any
authority, express or implied, to commit or obligate the other in any manner
whatsoever, except as specifically authorized from time to time in writing by an
authorized representative of CONSULTANT or CLIENT, as the case may be,
which authorization may be general or specific. Nothing contained in this
Agreement shall be construed or applied to create a partnership. CONSULTANT shall be
responsible for the payment of all federal, state or local taxes payable with
respect to all amounts paid to CONSULTANT under this
Agreement.

    

    2. Compensation for Consulting
Services. For consulting services with Sungro and Conglomerate Mesa, Inc.
the Parties agree that CLIENT shall pay to CONSULTANT ten percent (10%)
of the gross value of the project received by CLIENT including cash, stock
and stock purchase warrants.

    

    3. Billing. CONSULTANT shall invoice
CLIENT for any
compensation due as a result of a deal signed with Conglomerate Mesa, Inc. and
Sungro. Payment on invoices so provided shall be due upon receipt.

    

    4. Confidential Information.
Confidential information of any nature that either party acquires regarding any
aspect of the other party's business shall be treated in strict confidence.
Information so obtained shall not be divulged, furnished or made accessible to
third parties without the written permission of the other party to this
Agreement. Both parties retain the right to do business with third parties in
matters that may be competitive with the interests of the other party to this
Agreement. However, the confidentiality constraints above shall be binding and
have precedence over these business matters. Upon termination of this Agreement,
the terms of this paragraph shall remain in effect for three years

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    5.
Non-Circumvent.  The undersigned parties, intending to be
legally bound, hereby irrevocably agree not to circumvent, avoid, bypass, or
obviate each other, directly or indirectly, to avoid payment of fees,
commissions, or any other form of compensation in any transaction with any
corporation, partnership, or individual, revealed by either party to the other
in connection with any agreements between the parties. In
the event of circumvention, either directly or indirectly, the circumvented
party shall be entitled to a legal monetary penalty equal to the maximum
services fee it should have realized from such transactions, including all legal
expenses in the recovery of funds.  The parties undersigned agree to
notify the other party prior to the request for any contract and upon reaching
of an agreement of any kind.

    

    6. Term and Termination. (a)
Unless terminated at an earlier date in accordance with Section 7(b), this
Agreement shall commence as of the date first written above and shall continue
until one year. (b) This Agreement shall be terminated for no cause when either
party gives at least thirty days written notice to the other party of the intent
to terminate this Agreement. CONSULTANT shall be entitled
to receive from CLIENT
all fees resulting from any referrals given up to that date for the remainder of
the life of the relationship between the CLIENT and such
referrals.

    

    7. Indemnification. CLIENT agrees to indemnify,
defend and hold harmless CONSULTANT against any and
all loss, liability, expenses and costs (including attorneys' fees, judgments,
fines and amounts paid in settlement) actually and reasonably incurred by CONSULTANT in connection with
any threatened, pending, completed or future action suit or proceeding to which
CONSULTANT is, or is
threatened to be, made a party arising from or related to Services that have
been provided hereunder. The terms of this Section 8 are non revocable and shall
survive the termination of this Agreement.

    

    8. Disputes. Any action based
on this Agreement, including disagreement, disputes regarding the terms and
conditions, alleged breaches of contract, and remedies under contract, shall be
governed by the laws of the State of Rhode Island and shall be adjudicated
exclusively by a court of competent jurisdiction in Rhode Island.

    

    9. Attorney’s
Fees.  Should either party default in the
terms or conditions of this Agreement and suit be filed as a result of such
default, the prevailing party shall be entitled to recover all costs incurred as
a result of such default including all costs and reasonable attorney fees
through trial and appeal.

    

    10. Miscellaneous. (a) Entire
Agreement. This Agreement (including the exhibits, schedules and other documents
referred therein) constitutes the entire agreement between the parties with
respect to the subject matter hereof. This Agreement supersedes any and all
prior agreements, oral or written, between the parties with respect to the
subject matter hereof. (b) Severability. If any provision of this Agreement is
for any reason declared to be invalid or unenforceable, the validity and
enforceability of the remaining provisions shall not be affected thereby. Such
invalid or unenforceable provision shall be deemed modified to the extent
necessary to render it valid and enforceable, and if no modification shall
render it valid and enforceable, this Agreement shall be construed as if not
containing such provision and the rights and obligations of the parties shall be
construed and enforced accordingly. (c) Amendment, Waiver, Modification or
Termination. No amendment, waiver or termination or modification of this
Agreement shall be binding unless it is in writing and signed by both CONSULTANT and CLIENT and dated subsequent
to the date hereof. Performance of work by CONSULTANT and/or acceptance
of payment by CONSULTANT for work performed
and/or work to be performed for CLIENT beyond the scope of
this Agreement does not constitute acceptance by CONSULTANT of amendments or
modifications to this Agreement nor shall they be binding. (d) Assignment. This
Agreement and the rights and obligations of the parties hereunder shall not be
assignable by either party without prior written consent of the other party. (e)
Successors and Assigns. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective heirs, personal
representatives and, to the extent permitted by subsection (d), successors and
assigns of the parties hereto.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    IN
WITNESS WHEREOF, CLIENT
and CONSULTANT have
executed this Agreement as of the date set forth in the first
paragraph.

     

    
      
        	/s/ Robert
      Hainey	 
	Robert
      Hainey, Internet Marketing Solutions, Inc.	 

      

    

     

    
      	/s/ Mal
      Bains	 
	Mal Bains, CEO Sungro
      Minerals, Inc.

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