Document:

Exhibit 10.3

 

CONSULTING AGREEMENT

 

This consulting agreement
(this “Agreement”) is entered into by and between the undersigned issuer (the “Issuer”) and
consultant (the “Consultant”) as of December 31, 2020 (the “Effective Date”). Each
of Issuer and Consultant may be referred to hereinafter as a “Party” or, collectively, as the “Parties”.

 

WHEREAS, Consultant
is in the business of assisting public companies as a financial and business advisor and introducer of business opportunities;
and

 

WHEREAS, Issuer wishes
to engage the services of Consultant in relation to the development and execution of certain business introductory services for
Issuer.

 

NOW, THEREFORE, in
consideration of the mutual covenants and promises contained herein, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:

 

		1.	DUTIES AND INVOLVEMENT

 

Issuer hereby engages
Consultant to provide Consultant's services, and Consultant hereby accepts such engagement. The services shall include, but not
be limited to: (i) recommending financing options and sources; and (ii) introducing business counterparties to Issuer (the “Services”).

 

		2.	LIMITATION ON DUTIES

 

Consultant agrees to:
(i) not disseminate any press release until it has been approved for dissemination by Issuer; and (ii) ensure that Issuer has filed
or has arranged to file the required disclosure on Form 8-K with the Securities and Exchange Commission prior to the dissemination
of any and all press releases.

 

		3.	INSIDER INFORMATION

 

Consultant acknowledges
that, pursuant to this Agreement, Consultant may receive confidential insider information about Issuer and its subsidiaries. Consultant
agrees not to disclose such information to anyone, including, but not limited to, Consultant's family, friends, business associates,
or affiliates, until such information has been approved for release by Issuer and is released to the general public. Consultant
shall not use such confidential insider information to arrange for or solicit to buy or sell shares of Issuer either directly or
indirectly through any person, until such information has been approved for release by Issuer and is released to the general public.

 

		4.	RELATIONSHIP AMONG THE PARTIES

 

Nothing contained in
this Agreement shall be construed to: (i) constitute the parties as joint venturers, partners, co-owners, or otherwise as participants
in a joint undertaking; (ii) constitute Consultant as an agent, legal representative, or employee of Issuer; or (iii) authorize
or permit Consultant or any director, officer, employee, agent, or other person acting on its behalf to incur on behalf of the
other party any obligation of any kind, either express or implied, or do, sign, or execute any things, deeds, or documents that
may have the effect of legally binding or obligating Issuer in any manner in favor of any individual, business, trust, unincorporated
association, corporation, partnership, joint venture, limited liability company, or other entity of any kind. Issuer and Consultant
agree that the relationship between the Parties shall be that of an independent contractor.

 

    	 	Page 1 of 5	 

    	Consulting Agreement

    

 

		5.	EFFECTIVE DATE, TERM, AND TERMINATION

 

The term (the “Term”) of
this Agreement shall commence on the Effective Date and continue for a period of ninety (90) days or until terminated by Issuer
in its sole discretion. Issuer may terminate this Agreement at any time by providing written notice of same to Consultant.

 

		6.	COMPENSATION AND PAYMENT OF EXPENSES

 

(a)           Issuer
agrees to pay Consultant or its designee(s) the following compensation (the “Compensation”):

 

A one-time payment of five
hundred thousand (500,000) shares of Issuer's common stock, $0.005 par value, at a deemed value of $0.025 per share, issuable within
five (5) business days from the Effective Date and deliverable to Consultant in accordance with Issuer's standard transfer agent
protocols.

 

(b)          Issuer
shall cause to be delivered the applicable share certificates or direct registered shares statement for the shares described in
subsection (a) above (the “Securities”) to Consultant. Issuer represents and warrants that, when issued, the
Securities will be issued free and clear of all liens, charges, and encumbrances of any kind whatsoever, subject only to the re-sale
restrictions under applicable securities laws.

 

(c)          The
Parties agree that the Compensation hereunder shall be inclusive of any and all fees or expenses incurred by Consultant pursuant
to this Agreement, including, but not limited to, the costs of providing the Services. Consultant shall not have any right or authority
to, and shall not, employ any person in any capacity, or contract for the purchase or rental of any service, article, or material,
nor make any commitment, agreement, or obligation whereby Issuer shall be required to pay any monies or other consideration without
Company's prior consent in each instance.

 

(d)          For
the purposes of receiving the Securities, Consultant makes the following covenants, representations and warranties:

 

(i)           Consultant
acknowledges and agrees that Securities will not be registered under the Securities Act of 1933 (the “U.S. Securities
Act”) and may not be offered or sold in the United States or to U.S. persons (other than distributors) unless the Securities
are registered under the U.S. Securities Act, or unless an exemption from the registration requirements of the U.S. Securities
Act is available. Consultant further acknowledges and agrees that hedging transactions involving the Securities may not be conducted
unless in compliance with the U.S. Securities Act.

 

    	 	Page 2 of 5	 

    	Consulting Agreement

    

 

(ii)          Consultant
acknowledges and agrees that Issuer shall refuse to register any transfer of the Securities not made pursuant to registration under
the U.S. Securities Act or pursuant to an available exemption from registration;

 

(iii)         Consultant
agrees not to engage in stock lending or hedging transactions with regard to the Securities.

 

(iv)         Consultant
acknowledges and agrees that no information furnished by Issuer constitutes investment, accounting, legal, or tax advice. Consultant
is relying solely upon itself and its professional advisors, if any, for any such advice.

 

(v)         Consultant
acknowledges and agrees that the certificates representing the Securities shall bear a legend restricting transfer of the Securities.

 

		7.	SERVICES NOT EXCLUSIVE

 

Consultant agrees that
it shall, at all times, faithfully and in a professional manner perform all of the duties that may be reasonably required of Consultant
pursuant to the terms of this Agreement. Issuer acknowledges that Consultant is engaged in other business activities, and that
it shall continue such activities during the term of this Agreement. Consultant shall not be restricted from engaging in other
business activities during the term of this Agreement.

 

		8.	CONFIDENTIALITY

 

Consultant shall not
disclose, without the consent of Issuer, any financial and business information concerning the business, affairs, plans, and programs
of Issuer that are delivered by Issuer to Consultant in connection with Consultant's services hereunder (the “Confidential
Information”). Consultant shall not be bound by the foregoing limitation in the event: (i) the Confidential Information
is otherwise disseminated and becomes public information; or (ii) Consultant is required to disclose the Confidential Informational
pursuant to a subpoena or other judicial process.

 

		9.	INDEMNIFICATION

 

(a)           Company
agrees to indemnify and hold harmless Consultant and its respective agents and employees, against any losses, claims, damages,
or liabilities incurred or suffered by Consultant that result from any untrue statement or alleged untrue statement of any material
fact contained in any registration statement or prospectus of Issuer, or that arise out of or are based upon the omission or alleged
omission to state therein a material fact required to be stated therein, or that are necessary to make the statements therein not
misleading.

 

(b)           Consultant
agrees to indemnify and hold harmless Issuer, its partners, financiers, parent, affiliated and related companies, and all of their
respective individual shareholders, directors, officers, employees, licensees, and assigns from and against any claims, actions,
losses, and expenses (including legal expenses) occasioned by any breach of Consultant's representations and warranties contained
in, or by any breach of any other provision of, this Agreement by Consultant.

 

    	 	Page 3 of 5	 

    	Consulting Agreement

    

 

		10.	MISCELLANEOUS PROVISIONS

 

(a)           Currency.
All currency referred to in this Agreement is in U.S. dollars.

 

(b)          Further
Action. The Parties hereto shall execute and deliver all documents, provide all information, and take or forbear from all such
action as may be necessary or appropriate to achieve the purposes of this Agreement.

 

(c)           Good
Faith, Cooperation, and Due Diligence. The Parties hereto covenant, warrant and represent to each other good faith, complete
cooperation, due diligence, and honesty-in-fact in the performance of all obligations of the parties pursuant to this Agreement.
All promises and covenants are mutual and dependent.

 

(d)           Assignment.
This Agreement may not be assigned by either Party hereto without the written consent of the other but shall be binding upon the
successors of the parties.

 

(e)           Notices.
All notices required or permitted to be given under this Agreement shall be given in writing and shall be delivered, either personally
or by express delivery service, to the Party to be notified. Notice to each Party shall be deemed to have been duly given upon
delivery, personally or by courier, addressed to the attention of the officer at the address set forth heretofore, or to such other
officer or addresses as either Party may designate upon at least ten (10) days written notice to the other Party.

 

(f)            Entire
Agreement. This Agreement contains the entire understanding and agreement among the Parties. There are no other agreements,
conditions, or representations, oral or written, express or implied, with regard thereto. This Agreement may be amended only in
writing signed by both Parties.

 

(g)           Waiver.
A delay or failure by any party to exercise a right under this Agreement, or a partial or single exercise of that right, shall
not constitute a waiver of that or any other right.

 

(h)           Counterparts.
This Agreement may be executed in duplicate counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement. In the event that the document is signed by one Party and faxed (or emailed) to another
Party, the Parties agree that a faxed (or emailed) signature shall be binding upon the Parties to this Agreement as though the
signature was an original.

 

(i)            Choice
of Law. This Agreement shall be governed by and interpreted in accordance with the laws of the State of Nevada without giving
effect to the conflicts of laws principals thereof.

 

(j)            Jurisdiction
and Venue. Each Party hereby submits to the jurisdiction and venue of the state and federal courts located in Washoe County,
Nevada for purposes of any mediation, arbitration, or litigation related to this Agreement.

 

(k)           Severability.
Each provision of this Agreement is severable, and the unenforceability or invalidity of any provision of this Agreement shall
not affect the validity or enforceability of the remaining provisions of this Agreement; provided, however, that each Party shall
use reasonable efforts to give effect to the economic or other intended purpose of any provision that is unenforceable or invalid.

 

    	 	Page 4 of 5	 

    	Consulting Agreement

    

 

(l)            Independent
Counsel. Each Party has had a full and complete opportunity to consult with legal counsel or other advisers of its own choosing
concerning the terms, enforceability, and implications of this Agreement, and no Party has made any representations or warranties
to the other Party concerning the terms, enforceability, and implications of this Agreement other than as reflected in this Agreement.

 

IN WITNESS WHEREOF,
this Agreement has been executed by the parties to it as of the Effective Date.

 

	ISSUER:	 	CONSULTANT:
	 	 	 
	UPD Holding Corp.,	 	Sage Intergroup Inc.,
	a Nevada corporation	 	a California corporation
	 	 	 
	 	 	 
	By: 	/s/ Mark Conte	 	 	By: 	/s/ Richard Gavzie	 
	Name: Mark Conte	 	Name: Richard Gavzie
	Title: President	 	Title: President

 

 

Page
5 of 5Exhibit 10.1 

 

WPX
ENERGY, INC.

 

GLOBAL AMENDMENT TO PERFORMANCE-BASED
RESTRICTED STOCK UNIT AGREEMENTS

 

This GLOBAL AMENDMENT
(this “Amendment”) is dated [ ], 2020 and amends each outstanding Performance-Based Restricted Stock
Unit Agreement (each, an “Agreement” and collectively, the “Agreements”) issued by WPX Energy,
Inc. (the “Company”), pursuant to the WPX Energy, Inc. 2013 Incentive Plan, as amended and restated from time
to time (the “Plan”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned
to them in the Agreement and the Plan.

 

RECITALS

 

WHEREAS, the
Company has previously entered into an Agreement with each Participant receiving a Performance-Based Restricted Stock Unit; and

 

WHEREAS, the
Company has entered into that certain Agreement and Plan of Merger with Devon Energy Corporation and East Merger Sub, Inc. (the
 “Merger Agreement”), pursuant to which the Company will become a wholly-owned subsidiary of Devon Energy Corporation
(the “Merger”);

 

WHEREAS, the
Merger constitutes a Change in Control under the Plan;

 

WHEREAS, pursuant
to its authority under Section 13.3 the Plan, the Company desires to amend the Agreement.

 

NOW, THEREFORE,
each Agreement is hereby amended as set forth herein, effective as of immediately prior to the Closing (as defined in the Merger
Agreement):

 

 

1.                 
Subparagraph 4(a) of each Agreement is hereby amended and restated in its entirety as follows:

 

“Performance measures established
by the Committee shall be based on targeted levels of relative Total Shareholder Return (“TSR”), as defined
by the Committee. The Committee has established a designated percentage of the Target Number of Shares (as defined in Subparagraph
4(b) below) that may be received by the Participant based on the Company’s relative TSR for the Performance Period within
the peer group established by the Committee, all as more fully described in Subparagraphs 4(b) and 4(c) below.

 

2.                 
Subparagraph 4(b) of of each Agreement is hereby amended and restated in its entirety as follows:.

 

“The RSUs awarded to
the Participant and subject to this Agreement as reflected in Paragraph 1 above represent the Participant’s opportunity
to earn the right to payment of an equal number of Shares (“Target Number of Shares”) upon satisfaction of all
the other conditions set forth in Paragraph 5 below.”

 

     

     

    

 

3.                 
Subparagraph 4(c) of each Agreement is hereby amended and restated in its entirety as follows:

 

“Subject
to the satisfaction of all other conditions set forth in Paragraph 5 below, notwithstanding Subparagraph 5(b)(ii), the actual number
of Shares earned by and payable to the Participant upon certification of TSR results and satisfaction of all other conditions set
forth in Paragraph 5 below will be based upon the range set by the Committee from 30% (for relative TSR above the 25th percentile
of the peer group established by the Committee) to 200% (for relative TSR at the first or second ranking within the peer group
established by the Committee) of the Target Number of Shares depending on the level of relative TSR certified by the Committee
measured using the average closing price of the Shares for the five trading days ending on the day immediately preceding the Closing
Date (as defined in that certain Agreement and Plan of Merger with the Company, Devon Energy Corporation and East Merger Sub, Inc.
(the “Merger Agreement”)), based on the table as set forth in Appendix B. ”

 

4.                 
Subparagraph 4(d) of each Agreement (including any references thereto) is hereby deleted in its entirety.

 

5.                 
Subparagraph 5(b)(ii) of each Agreement is hereby amended by adding the following sentence to the end thereof:

 

“Notwithstanding
the foregoing, effective as of the Closing Date (as defined in the Merger Agreement), the requirement for Committee certification
set forth in this Subparagraph 5(b)(ii) will no longer apply.”

 

6.                 
Subparagraph 5(c)(i) of each Agreement is hereby amended and restated in its entirety as follows:

 

“If the Participant
dies, becomes Disabled, or qualifies for Retirement (as defined in Subparagraph 5(c)(iii) below) prior to the Maturity Date
while an active employee of the Company or any of its Affiliates, the Participant shall vest in that number of Shares the
Participant might otherwise have received in accordance with Paragraph 4 above prorated in accordance with Subparagraph
5(c)(ii) to reflect that portion of the Performance Period prior to such Participant’s ceasing being an active employee
of the Company and its Affiliates. Notwithstanding the foregoing, if a Participant has attained age 55 and completed at least
five years of continuous service with the Company and is an active employee of the Company and its Affiliates as of the last
day of any year during the Performance Period, such Participant shall be deemed to vest in an additional amount of Shares
prorated to the last day of such year, with the pro rata number of Shares equal to that number determined by multiplying (i)
the number of Shares the Participant might otherwise have received for the Performance Period in accordance with Paragraph 4
above times (ii) a fraction, the numerator of which is the number of full and partial months in the period that begins
the month following the month that contains the Effective Date and ends on (and includes) the last day of the applicable
year, and the denominator of which is thirty-six (36), less any Shares that have already become vested and payable pursuant
to this Subparagraph and Subparagraph 6(b).”

 

     

     

    

 

7.                 
Subparagraph 5(c)(ii) of each Agreement is hereby amended and restated in its entirety as follows:

 

“The
pro rata number of Shares in which the Participant may become vested on death, Disability or Retirement pursuant to Subparagraph
5(c)(i) shall equal that number determined by multiplying (i) the number of Shares the Participant might otherwise have received
for the Performance Period in accordance with Paragraph 4 above times (ii) a fraction, the numerator of which is the number
of full and partial months in the period that begins the month following the month that contains the Effective Date and ends on
(and includes) the date that the Participant ceases being an active employee of the Company and its Affiliates, and the denominator
of which is thirty-six (36), less any Shares that have already become vested and payable pursuant to the last sentence of Subparagraph
5(c)(i) and Subparagraph 6(b).

 

8.                 
Subparagraph 5(d) of each Agreement is hereby amended and restated in its entirety as follows:

 

“If the Participant experiences
a Separation from Service prior to the Maturity Date within two years following a Change in Control, either voluntarily for Good
Reason or involuntarily (other than due to Cause), the Participant shall vest in a number of Shares calculated based on the Company’s
actual performance as of the date of the Change in Control, determined according to the provisions of Subparagraph 4(c).”

 

9.                 
Subparagraph 5(e) of each Agreement is hereby amended and restated in its entirety as follows:

 

“If the Participant
experiences an involuntary Separation from Service prior to the Maturity Date in circumstances not covered by Subparagraphs
5(c), 5(d) or 5(f) and the Participant either receives benefits under a severance pay plan or program maintained by the
Company or any of its Affiliates or receives benefits under a separation agreement with the Company or any of its Affiliates,
then the Participant shall become vested in that number of Shares the Participant might otherwise have received for the
Performance Period in accordance with Paragraph 4 above prorated to reflect that portion of the Performance Period prior to
the Participant’s ceasing being an active employee of the Company and its Affiliates. The pro rata number of Shares in
which the Participant may become vested on, but not prior to, the Maturity Date in such case shall equal that number
determined by multiplying (i) the number of Shares the Participant might otherwise have received for the Performance Period
in accordance with Paragraph 4 above times (ii) a fraction, the numerator of which is the number of full and partial
months in the period that begins the month following the month that includes the Effective Date and ends on (and includes)
the date the Participant ceases being an active employee of the Company and its Affiliates, and the denominator of which is
the total number of full and partial months in the period that begins the month following the month that contains the
Effective Date and ends on (and includes) the Maturity Date.”

 

     

     

    

 

10.               
Subparagraph 5(f) of each Agreement is hereby amended and restated in its entirety as follows:

 

“If (i)
the Participant experiences an involuntary Separation from Service prior to the Maturity Date in circumstances not covered by Subparagraphs
5(c), 5(d) or 5(e) due to a sale of a business or the outsourcing of any portion of a business, and (ii) the Company or any of
its Affiliates fails to make an offer of comparable employment, as defined in a severance plan or program maintained by the Company
or any of its Affiliates, to the Participant, then the Participant shall become vested in that number of Shares the Participant
might otherwise have received for the Performance Period in accordance with Paragraph 4 above prorated to reflect that portion
of the Performance Period prior to the Participant’s ceasing being an active employee of the Company and its Affiliates.
The pro rata number of Shares in which the Participant may become vested on, but not prior to, the Maturity Date in such case shall
equal that number of Shares determined by multiplying (i) the number of Shares the Participant might otherwise have received for
the Performance Period in accordance with Paragraph 4 above times (ii) a fraction, the numerator of which is the number
of full and partial months in the period that begins the month following the month that contains the Effective Date and ends on
(and includes) the date the Participant ceases being an active employee of the Company and its Affiliates, and the denominator
of which is the total number of full and partial months in the period that begins the month following the month that contains the
Effective Date and ends on (and includes) the Maturity Date.

 

For purposes
of this Subparagraph 5(f), a Termination of Affiliation shall constitute an involuntary Separation from Service, excluding any
Termination of Affiliation that results from a voluntary Separation from Service.”

 

11.               
Subparagraph 6(a) of each Agreement is hereby amended and restated in its entirety as follows:

 

“Payment
of all Shares in which the Participant becomes vested pursuant to the Participant’s death, becoming Disabled or qualifying
for Retirement pursuant to Subparagraph 5(c), or on Separation from Service under the terms provided in Subparagraphs 5(d), 5(e)
or 5(f) above shall occur within 30 days after the Participant’s Separation from Service or the date the Participant is determined
to be Disabled, as applicable.”

 

     

     

    

 

12.               
Subparagraph 6(b) of each Agreement is hereby amended and restated in its entirety as follows:

 

     “Payment
of all Shares in which the Participant becomes vested pursuant to Paragraph 5 above, other than due to death, becoming Disabled
or qualifying for Retirement pursuant to Subparagraph 5(c) or pursuant to Subparagraph 5(d), 5(e) or 5(f) (as to which the payment
date is determined in accordance with Subparagraph 6(a) above), shall occur during the calendar year containing the Maturity Date;
provided, however, that notwithstanding any other provision of this Agreement to the contrary, payment of all Shares in which the
Participant becomes vested pursuant to Paragraph 5 above shall occur no later than March 15 of the next succeeding year after such
amounts are no longer subject to a substantial risk of forfeiture, as such term is defined in Section 409A of the Code. For the
avoidance of doubt, if the Participant has attained age 55 and completed at least five years of continuous service with the Company
or any of its Affiliates as of the last day of any calendar year ending during the Performance Period, then the Participant shall
receive a payment of the prorated Shares in which the Participant is vested pursuant to Paragraph 5(c)(i) during such calendar
year, which payment will be made between January 1 and March 15 of the next succeeding calendar year.”

 

13.              
Appendix B of each Agreement (including any references thereto) is hereby amended by deleting the last sentence of the second
paragraph.

 

14.               
For the avoidance of doubt, all other terms and conditions of the Agreements shall remain in effect as amended by this Amendment.

 

15.               
This Amendment shall only serve to amend and modify the Agreements to the extent specifically provided herein. All terms,
conditions, provisions and references of and to the Agreements which are not specifically modified, amended and/or waived herein
shall remain in full force and effect and shall not be altered by any provisions herein contained. All
prior agreements, promises, negotiations and representations, either oral or written, relating to the subject matter of this Amendment
not expressly set forth in this Amendment are of no force or effect.

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