Document:

Exhibit 10.69

 

VOTING AGREEMENT

 

This Voting Agreement
(this “Agreement”), dated as of May 28, 2014 between Alan M. Meckler (“Stockholder”) of Mediabistro
Inc., a Delaware corporation (the “Seller”), and PGM-MB Holdings LLC, a Delaware limited liability company (“Buyer”).

 

WHEREAS, concurrently
with the execution of this Agreement, Seller, Buyer and Prometheus Global Media, LLC have entered into an Asset Purchase Agreement
(as the same may be amended from time to time, the “Purchase Agreement”), providing for, among other things,
Buyer’s acquisition of substantially all of Seller’s assets (other than the Retained Assets) and the change of Seller’s
corporate name (the “Transactions”) pursuant to the terms and conditions of the Purchase Agreement; and

 

WHEREAS, in order to
induce Buyer to enter into the Purchase Agreement, Stockholder is willing to make certain representations, warranties, covenants
and agreements with respect to the voting securities of Seller (“Seller Stock”) beneficially owned by Stockholder
and set forth on Exhibit A (the “Original Shares” and, together with any additional shares of Seller
Stock pursuant to Section 6 hereof, the “Shares”).

 

NOW, THEREFORE, in
consideration of the premises and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:

 

1.Definitions.

 

For purposes of this
Agreement, capitalized terms used and not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement.

 

2.Representations
of Stockholder.

 

Stockholder represents
and warrants to Buyer that:

 

(a)(i) Stockholder
owns beneficially (as such term is defined in Rule 13d-3 under the Exchange Act) all of the Original Shares free and clear of all
Liens, and (ii) except pursuant hereto and as disclosed on Exhibit A, there are no options, warrants or other rights, agreements,
arrangements or commitments of any character to which Stockholder is a party relating to the pledge, disposition or voting of any
of the Original Shares and there are no voting trusts or voting agreements with respect to the Original Shares.

 

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(b)Stockholder
does not beneficially own any shares of Seller Stock other than (i) the Original Shares and (ii) any options, warrants or other
rights to acquire any additional shares of Seller Stock or any security exercisable for or convertible into shares of Seller Stock,
set forth on Exhibit A (collectively, “Options”).

 

(c)Stockholder
has full corporate power and authority and legal capacity to enter into, execute and deliver this Agreement and to perform fully
Stockholder’s obligations hereunder (including the proxy described in Section 3(b) below)). This Agreement has been
duly and validly executed and delivered by Stockholder and constitutes the legal, valid and binding obligation of Stockholder,
enforceable against Stockholder in accordance with its terms.

 

(d)None of the
execution and delivery of this Agreement by Stockholder, the consummation by Stockholder of the transactions contemplated hereby
or compliance by Stockholder with any of the provisions hereof will conflict with or result in a breach, or constitute a default
(with or without notice of lapse of time or both) under any provision of, any trust agreement, loan or credit agreement, note,
bond, mortgage, indenture, lease or other agreement, instrument or Law applicable to Stockholder or to Stockholder’s property
or assets.

 

(e)No consent,
approval or authorization of, or designation, declaration or filing with, any Governmental Authority or other Person on the part
of Stockholder is required in connection with the valid execution and delivery of this Agreement. No consent of Stockholder’s
spouse is necessary under any “community property” or other laws in order for Stockholder to enter into and perform
his obligations under this Agreement.

 

3.Agreement to
Vote Shares; Irrevocable Proxy.

 

(a)Stockholder
agrees during the term of this Agreement to vote the Shares, and to use reasonable efforts to cause any holder of record of Shares
to vote: (i) in favor of the Transactions and the Purchase Agreement, at every meeting of the stockholders of Seller at which such
matters are considered and at every adjournment or postponement thereof; (ii) against (A) any Acquisition Proposal, (B) any action,
proposal, transaction or agreement which could reasonably be expected to result in a breach of any covenant, representation or
warranty or any other obligation or agreement of Seller under the Purchase Agreement or of Stockholder under this Agreement and
(C) any action, proposal, transaction or agreement that could reasonably be expected to impede, interfere with, delay, discourage,
adversely affect or inhibit the timely consummation of the Transactions or the fulfillment of Buyer’s or Seller’s conditions
under the Purchase Agreement or change in any manner the voting rights of any class of shares of the Seller (including any amendments
to Seller’s certificate of incorporation or bylaws).

 

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(b)Stockholder
hereby appoints Buyer and any designee of Buyer, and each of them individually, its proxies and attorneys-in-fact, with full power
of substitution and resubstitution, to vote during the term of this Agreement with respect to the Shares in accordance with Section
3(a). This proxy and power of attorney is given to secure the performance of the duties of Stockholder under this Agreement.
Stockholder shall take such further action or execute such other instruments as may be necessary to effectuate the intent of this
proxy. This proxy and power of attorney granted by Stockholder shall be irrevocable during the term of this Agreement, shall be
deemed to be coupled with an interest sufficient in law to support an irrevocable proxy and shall revoke any and all prior proxies
granted by Stockholder with respect to the Shares. The power of attorney granted by Stockholder herein is a durable power of attorney
and shall survive the dissolution, bankruptcy, death or incapacity of Stockholder. The proxy and power of attorney granted hereunder
shall terminate upon the termination of this Agreement.

 

(c)Subject to the
proxy granted under Section 3(b) above, Stockholder retains at all times the right to vote or exercise Stockholder’s
right to consent with respect to the Shares in such Stockholder’s sole discretion and without any other limitation on those
matters other than those set forth in Section 3(b) that are at any time or from time to time presented for consideration to
the Company’s stockholders generally; provided that such vote or consent would not reasonably be expected to frustrate
the purposes, or prevent or delay consummation, of the Transactions.

 

4.No Voting Trusts
or Other Arrangement.

 

Stockholder agrees
that Stockholder will not, and will not permit any entity under Stockholder’s control to, deposit any of the Shares in a
voting trust, grant any proxies with respect to the Shares or subject any of the Shares to any arrangement with respect to the
voting of the Shares other than agreements entered into with Buyer.

 

5.Transfer and
Encumbrance.

 

Stockholder agrees
that during the term of this Agreement, Stockholder will not, directly or indirectly, transfer, sell, offer, exchange, assign,
pledge or otherwise dispose of or encumber (“Transfer”) any of the Shares or enter into any contract, option
or other agreement with respect to, or consent to, a Transfer of, any of the Shares or Stockholder’s voting or economic interest
therein. Any attempted Transfer of Shares or any interest therein in violation of this Section 5 shall be null and void.
This Section 5 shall not prohibit a Transfer of the Shares by Stockholder to any member of Stockholder’s immediate
family, or to a trust for the benefit of Stockholder or any member of Stockholder’s immediate family, or upon the death of
Stockholder; provided, that a Transfer referred to in this sentence shall be permitted only if, as a precondition to such Transfer,
the transferee agrees in a writing, reasonably satisfactory in form and substance to Buyer, to be bound by all of the terms of
this Agreement. If requested by Buyer, Stockholder agrees to cause all certificates representing Shares to bear a prominent legend
stating that such Shares are subject to the transfer, voting and other restrictions described in this Agreement.

 

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6.Additional Shares.

 

Stockholder agrees
that all shares of Seller Stock that Stockholder purchases, acquires the right to vote or otherwise acquires beneficial ownership
(as defined in Rule 13d-3 under the Exchange Act, but excluding shares of Seller Stock underlying unexercised Options) of after
the execution of this Agreement shall be subject to the terms of this Agreement and shall constitute Shares for all purposes of
this Agreement.

 

7.Termination.

 

This Agreement shall
terminate upon the earliest to occur of (i) the Closing and (ii) the date on which the Purchase Agreement is terminated in accordance
with its terms.

 

8.No Agreement
as Director or Officer.

 

Stockholder makes no
agreement or understanding in this Agreement in Stockholder’s capacity as a director or officer of the Seller or any of its
subsidiaries (if Stockholder holds such office), and nothing in this Agreement: (a) will limit or affect any actions or omissions
taken by Stockholder in stockholder’s capacity as such a director or officer, including in exercising rights under the Purchase
Agreement, and no such actions or omissions shall be deemed a breach of this Agreement or (b) will be construed to prohibit, limit
or restrict Stockholder from exercising Stockholder’s fiduciary duties as an officer or director to the Seller or its stockholders.

 

9.No Solicitation.

 

Stockholder agrees
that, during the period from the date of this Agreement through the termination of this Agreement in accordance with Section
7 above, Stockholder shall not, directly or indirectly, take any action which would cause a breach of Section 6.2 of the Purchase
Agreement. Stockholder shall immediately cease and discontinue any existing discussions with any Person that relate to any Acquisition
Proposal.

 

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10.Specific Performance.

 

The parties agree that
irreparable damage would occur in the event that any of the provisions of this Agreement (including the proxy set forth herein)
were not performed in accordance with its specific terms or were otherwise breached. Stockholder agrees that, in the event of any
breach or threatened breach by Stockholder of any covenant or obligation contained in this Agreement (including the proxy set forth
herein), Buyer shall be entitled (in addition to any other remedy that may be available to it, including monetary damages) to seek
and obtain (a) a decree or order of specific performance to enforce the observance and performance of such covenant or obligation,
and (b) an injunction restraining such breach or threatened breach. Stockholder further agrees that neither Buyer nor any other
Person shall be required to obtain, furnish or post any bond or similar instrument in connection with or as a condition to obtaining
any remedy referred to in this Section 10, and Stockholder irrevocably waives any right he or it may have to require the
obtaining, furnishing or posting of any such bond or similar instrument.

 

11.Entire Agreement.

 

This Agreement constitutes
the entire agreement of the parties with respect to the subject matter hereof and thereof and supersede all prior negotiations,
agreements and understandings, whether written or oral, of the parties.

 

12.Notices.

 

Any notice, request,
instruction or other document to be given hereunder will be sent in writing and delivered personally, sent by reputable, overnight
courier service (charges prepaid), sent by registered or certified mail, postage prepaid, or by facsimile, according to the instructions
set forth below. Such notices will be deemed given: at the time delivered by hand, if personally delivered; one Business Day after
being sent, if sent by reputable, overnight courier service; at the time received, if sent by registered or certified mail; and
at the time when confirmation of successful transmission is received by the sending facsimile machine, if sent by facsimile.

 

If to Stockholder:

 

Alan M. Meckler

c/o Mediabistro Inc.

475 Park Avenue South

New York, NY 10016

Fax (203) 831-0233

 

With a copy (which shall not constitute notice)
to Seller’s counsel:

 

Wyrick Robbins Yates & Ponton LLP

4101 Lake Boone Trail

Suite 300

Raleigh, North Carolina 27607

Attn: David L. Wilke, Esq.

Fax: (919) 781-4865

 

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If to Buyer:

 

PGM-MB Holdings LLC

770 Broadway, 15th Floor

New York, NY 10003

Attention: Jeffrey Wilbur

Fax: (212)
493-4266

 

With a copy (which shall not constitute notice)
to:

 

Prometheus Legal Department

330 Madison Ave

New York, NY 10017

Fax: (212) 644-8107

 

and

 

Jenner & Block LLP

919 Third Avenue

New York, NY 10022

Attention: Tobias L. Knapp

Fax: (212) 891-1699

 

or to such other address
or to the attention of such other party that the recipient party has specified by prior written notice to the sending party in
accordance with the proceeding.

 

13.Miscellaneous.

 

(a)This Agreement
and all other agreements, documents and instruments delivered pursuant hereto and incorporated herein, unless otherwise expressly
provided therein, shall be governed by, and construed in accordance with, the substantive Laws of the State of Delaware applicable
to agreements made and to be performed entirely within such State, without reference to the conflicts of laws rules of such State.

 

(b)Each of the
parties irrevocably consents to the exclusive jurisdiction and venue of any state court located within New Castle County, State
of Delaware in connection with any matter based upon or arising out of this Agreement or the Transactions, agrees that process
may be served upon them in any manner authorized by the laws of the State of Delaware for such persons and waives
and covenants not to assert or plead any objection which they might otherwise have to such jurisdiction, venue and process. Each
party hereby agrees not to commence any legal proceedings relating to or arising out of this Agreement or the Transactions in any
jurisdiction or courts other than as provided herein.

 

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(c)EACH PARTY ACKNOWLEDGES
AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND,
THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL
ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT
CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER
PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS
OF THIS WAIVER, (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT
BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section 13(c).

 

(d)If any term
or other provision of this Agreement is held to be invalid, illegal or incapable of being enforced by any rule of Law or public
policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the
economic or legal substance of the Transactions is not affected in any manner adverse to any Party. Upon such determination that
any term or other provision is invalid, illegal or incapable of being enforced, the parties shall negotiate in good faith to modify
this Agreement so as to affect the original intent of the Parties as closely as possible in an acceptable manner to the end that
the Transactions are fulfilled to the extent possible.

 

(e)Any provision
of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed, in the case of
an amendment, by the parties hereto or, in the case of a waiver, by the party or parties against whom the waiver is to be effective.
Any party to this Agreement may in accordance with the preceding sentence, (i) extend the time for the performance of any of the
obligations or other acts of the other party; or (ii) waive compliance with any of the agreements of the other party or conditions
to such obligations contained herein. Notwithstanding the foregoing, no failure or delay by any party hereto in exercising any
right hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or future
exercise of any other right hereunder. The failure of any party hereto to assert any of its rights hereunder shall not constitute
a waiver of any of such rights.

 

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(f)This Agreement
may be executed in one or more counterparts, each of which shall be deemed to be an original but all of which together shall constitute
one and the same instrument.

 

(g)Each party hereto
shall execute and deliver such additional documents as may be necessary or desirable to effect the transactions contemplated by
this Agreement.

 

(h)All Section
headings herein are for convenience of reference only and are not part of this Agreement, and no construction or reference shall
be derived therefrom.

 

(i)Neither party
to this Agreement may assign any of its rights or obligations under this Agreement without the prior written consent of the other
party hereto, except that Buyer may assign, in its sole discretion, all or any of its rights, interests and obligations hereunder
to any of its Affiliates. Any assignment contrary to the provisions of this Section 13(i) shall be null and void.

 

 

 

 

 

 

 

[SIGNATURE PAGE FOLLOWS]

 

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IN WITNESS WHEREOF, the parties
hereto have executed and delivered this Agreement as of the date first written above.

 

	 	
        PGM-MB Holdings LLC

         

	 	
         

        By /s/ Jeffrey Wilbur

         

        Name: Jeffrey Wilbur

        Title: Chief Financial Officer

 

	 	
        Alan M. Meckler

         

	 	
         

        By /s/ Alan M. Meckler

         

         

 

 

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IN WITNESS WHEREOF, the parties
hereto have executed and delivered this Agreement as of the date first written above.

 

	 	
        PGM-MB Holdings LLC

         

	 	
         

        By /s/ Jeffrey Wilbur

         

        Name: Jeffrey Wilbur

        Title: Chief Financial Officer

 

	 	
        Alan M. Meckler

         

	 	
         

        By /s/ Alan M. Meckler

         

         

 

 

 

 

 

 

 

 

 

 

 

    	 

    	 

    

 

Exhibit A

 

Original Shares

 

 

	
        Title of Security

         
	
        Amount of Securities Beneficially Owned

         
	
        Ownership Form: Direct (D) or Indirect (I)

         
	
        Nature of Indirect Beneficial Ownership

         

	 	 	 	 
	Common Stock	1,738,480	D	 
	Common Stock	401,194	I(1)	By Spouse
	Common Stock	35,050	I(1)	Herman Meckler Family Trust #1
	Common Stock	9,871	I(1)	Herman Meckler Family Trust #2
	Common Stock	75,176	I(1)	The Meckler Foundation
	Common Stock	49,493	I(1)	Alan M. Meckler 2010 Grantor Retained Annuity Trust

 

    	 

    	 

    

 

 

	Notes:
	1. Mr. Meckler indirectly owns 570,784 shares: 49,493 are held in the Alan M. Meckler 2010 Grantor Retained Annuity Trust, 37,000 shares donated by Mr. Meckler to the Meckler Foundation, a non-profit charitable foundation founded by Mr. Meckler and for which he acts as a trustee, 38,176 shares purchased by the Meckler Foundation, 401,194 shares purchased by Mr. Meckler's wife and 44,921 shares held in trust for the benefit of Mr. Meckler's mother. Mr. Meckler exercises shared voting and investment control over all of these shares except the shares held by the 2010 Grantor Retained Annuity Trust, over which Mr. Meckler exercises investment control but not voting control.

 

Options

 

	Title of Derivative Security	
        Date Exercisable and Expiration Date

        (Month/Day/Year)
	
        Title and Amount of Underlying Securities

         
	Number of Derivative Securities Beneficially Owned	Ownership Form of Derivative Security: Direct (D) or Indirect (I)
	 	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	 	 
	Employee Stock Option (right to buy)	  (2)	03/04/2014	Common Stock	25,000	25,000	D
	Employee Stock Option (right to buy)	  (2)	12/09/2014	Common Stock	42,858	42,858	D
	Employee Stock Option (right to buy)	  (3)	09/27/2020	Common Stock	42,858	42,858	D
	Employee Stock Option (right to buy)	  (4)	09/08/2021	Common Stock	21,429	21,429	D
	Employee Stock Option (right to buy)	  (2)	11/14/2021	Common Stock	142,858	142,858	D
	Employee Stock Option (right to buy)	  (5)	12/12/2021	Common Stock	21,429	21,429	D
	Employee Stock Option (right to buy)	  (6)	12/04/2022	Common Stock	10,000	10,000	D
	Employee Stock Option (right to buy)	  (7)	12/16/2023	Common Stock	20,000	20,000	D
	Warrants (right to buy)	11/14/2013	11/13/2018	Common Stock	301,124	301,124	D

 

	Notes
	2. Option is 100% vested.
	3. Option vested 33.33% ratably over a three-year period on 09/27/2011, 09/27/2012 and 09/27/2013.
	4. Option vests 33.33% ratably over a three-year period on 09/08/2012, 09/08/2013 and 09/08/2014.
	5. Option vests 33.33% ratably over a three-year period on 12/12/2012, 12/12/2013 and 12/12/2014.
	6. Option vests 33.33% ratably over a three-year period on 12/05/2013, 12/05/2014 and 12/05/2015.
	7. Option vests 33.33% ratably over a three-year period on 12/17/2014, 12/17/2015 and 12/17/2016.Exhibit 10.1

 

CONSULTING
AGREEMENT

 

This CONSULTING AGREEMENT
(the “Agreement”), dated May 29, 2014 (the “Effective Date”), is entered into by and between
Gray Fox Petroleum Corp., a Nevada corporation (the “Company”) and Randall Newton (“Consultant”).

 

RECITALS

 

A.Consultant is
in the business of providing certain financial services.

 

B.The Company wishes
to retain the Consultant to provide, and Consultant wishes to provide, such services to the Company on the terms set forth in this
Agreement.

 

Agreement

 

NOW THEREFORE, in consideration
of the mutual covenants and agreements contained in this Agreement, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

1.Services.
The Company engages Consultant as an independent contractor to provide those services described on Exhibit A (collectively,
the “Services”). Consultant will render the Services to the Company upon the terms and conditions set forth
in this Agreement. Consultant will serve as principal financial officer of the Company and will provide the Company with the Services.
In performing the Services, Consultant will: (a) act in the Company’s best interest at all times; (b) conduct himself at
the highest professional standards of ethics and integrity; (c) use his good faith efforts and skills to preserve the business
of the Company and the goodwill of employees and persons having business relations with the Company; (d) devote as much time, energy
and effort as is necessary to perform the Services in accordance with the highest professional standards; (e) comply with all written
Company codes of conduct and all written Company policies and procedures that may be implicated by his provision of the Services;
and (f) conduct the Services in compliance with all applicable state and federal laws.

 

2.Compensation
for Services.

 

(a)During
the Consulting Term, the Company will pay to Consultant a monthly fee in the amount $5,000 per month for performing the Services.
The consulting fee will be paid monthly in arrears no later than the fifth day of the month immediately following the calendar
month during which the Services were performed.

 

(b)In
addition to the consulting fee, the Company will issue to Consultant up to 1,050,000 shares of its common stock, $0.001 par value
per share, on the following schedule: (i) 350,000 shares of common stock on the one year anniversary of the Effective Date, (ii)
350,000 shares of common stock on the two year anniversary of the Effective Date, and (iii) 350,000 shares of common stock on the
three year anniversary of the Effective Date (collectively, the “Shares”). In the event this Agreement is terminated
prior to an issuance date, Consultant will be entitled to receive a prorated portion of the unissued Shares attributable to that
particular period, and will forfeit his right to any remaining Shares. By way of example, if this Agreement is terminated 6 months
after the Effective Date, Consultant will be entitled to receive 175,000 of the 350,000 Shares attributable to the first year of
the Term, and will forfeit his right to the remaining 750,000 Shares attributable to the second and third years of the Term.

 

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(c)Consultant
is an independent contractor and, as such, Consultant will not be entitled to participate in any employment-related benefits that
may be provided by the Company, including but not limited to, workers’ compensation insurance, unemployment compensation
insurance, vacation or sick pay, pension or profit sharing benefits, or any type of health, life or disability insurance.

 

(d)The
Company will reimburse Consultant for all customary and reasonable expenses actually incurred by him in the performance of the
Services, but only to the extent that such business expenses have been pre-approved by the Company. Such reimbursement will be
paid promptly after Consultant has complied with all written policies of the Company regarding reimbursement of expenses.

 

(e)Consultant
agrees that all taxes payable as a result of compensation payable to Consultant under this Agreement will be Consultant’s
sole liability. Consultant will defend, indemnify and hold harmless the Company and the Company’s officers, directors, employees
and agents from and against any claims, liabilities or expenses relating to such taxes or compensation.

 

3.Relationship
of the Parties. Consultant’s relationship with the Company is that of an independent contractor and nothing in this Agreement
will be construed to create a partnership, joint venture, or employer-employee relationship. As an independent contractor, Consultant
may determine the method, manner and means of performing the Services to be carried out for the Company. The Company will not treat
Consultant as its employee for federal tax purposes or any other purposes and Consultant will not hold himself out as an employee
of the Company. Consultant is not the agent of Client and is not authorized to make any make any statements, assurances or commitments
on the Company’s behalf unless specifically requested or authorized to do so by the Company in writing.

 

4.Term and Termination.

 

(a)Unless
extended or terminated earlier pursuant to this Section, the initial period of Consultant’s engagement under this Agreement
will expire on the one year anniversary of the Effective Date. Upon expiration of the initial term, this Agreement will automatically
renew for consecutive one year terms unless either party provides written notice to the other party of its intention not to renew
this Agreement at least 30 days prior to the end of the then expiring term (the initial term and any renewal terms, collectively,
the “Term”).

 

(b)This
Agreement may be terminated at any time by either party by providing the other party with at least 30 days’ written notice
of such party’s intention to terminate this Agreement. During any notice period, Consultant agrees to use his reasonable
best efforts to continue his work for the Company and the Company agrees to continue compensating Consultant until the termination
date with the same compensation as before the notice was given.

 

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(c)Upon
expiration or termination of this Agreement, neither party will have any further obligations under this Agreement, except for obligations
incurred prior to the date of expiration or termination, and obligations, promises, or covenants contained in this Agreement which
expressly extend beyond the term of this Agreement, including without limitation, the obligations under Section 7 and Section
8.

 

5.Representations
and Warranties of Consultant. Consultant represents and warrants to the Company as of the Effective Date as follows: (a) Consultant
can fulfill his obligations under this Agreement and is under no contractual, judicial or other restraint that impairs his right
or legal ability to enter into this Agreement and to carry out his duties and responsibilities for the Company; (b) Consultant
is acquiring the Shares for investment for his own account, not as a nominee or agent, and not with the view to, or for resale
in connection with, any distribution thereof; (c) Consultant has no present intention of selling, granting any participation interest
in, or otherwise distributing the Shares; (d) Consultant has had the opportunity to ask questions and receive answers from the
Company regarding its business and operations and has received all information he considers necessary or appropriate for deciding
whether to acquire the Shares; (e) Consultant is sophisticated and well-informed and has such knowledge and experience in financial
and business matters as are necessary to enable him to evaluate the merits and risks of an investment in the Company; (f) Consultant
has no need for liquidity in his investment in the Company and he is able to bear the risk of such investment for an indefinite
period and Consultant’s present financial condition is such that he is under no present or contemplated future need to dispose
of any portion of the Shares; and (g) Consultant understands that (i) the Shares have not been registered under the Securities
Act of 1933, as amended, (ii) the Shares are “restricted securities” under applicable U.S. securities laws, and (iii)
pursuant to these laws, Consultant must hold the Shares indefinitely unless they are registered with the Securities Exchange Commission
and qualified by state authorities, or an exemption from such registration and qualification requirements is available.

 

6.Representations
and Warranties of the Company. The Company represents and warrants to Consultant as of the Effective Date that the Company
is authorized to enter into this Agreement and can fulfill all of its obligations under this Agreement.

 

7.Indemnification.

 

(a)The
Company will indemnify and hold Consultant harmless from and against any and all claims, actions, liabilities, losses, costs, damages,
taxes and expenses of any nature whatsoever (“Losses”) arising from: (i) the breach of any covenant, obligation,
representation or warranty of the Company under this Agreement; (ii) Consultant’s serving in the capacity of the Company’s
Chief Financial Officer and any action taken or omitted to have been taken by him as Chief Financial Officer; provided, however,
that the Company will not indemnify Consultant from, or reimburse Consultant for, any Losses arising out of Consultant’s
own negligence or willful misconduct. To the fullest extent permitted by law, the Company will pay all expenses, including attorneys’
fees, actually and necessarily incurred by Consultant in connection with the defense of any complaint, action, suit, or proceeding
relating to the matters for which the Company has provided indemnification under this subsection.

 

 

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(b)Consultant
will indemnify and hold the Company and its officers, directors, agents, shareholders, representatives and affiliates harmless
from and against any and all Losses arising from: (a) the breach of any covenant, obligation, representation or warranty of Consultant
under this Agreement; (b) Consultant’s own negligence or willful misconduct in connection with Consultant’s serving
as Chief Financial Officer or performance of the Services; and/or (c) the Company’s treatment of Consultant as an independent
contractor rather than treating Consultant as an employee for tax purposes. To the fullest extent permitted by law, Consultant
will pay all expenses, including attorneys’ fees, actually and necessarily incurred by the Company in connection with the
defense of any complaint, action, suit, or proceeding relating to the matters for which Consultant has provided indemnification
under this Section.

 

8.Confidential
Information. The Company will provide Consultant with certain Confidential Information (as defined below) in order to allow
Consultant to perform the Services. Consultant acknowledges that the Confidential Information is the property of the Company. Therefore,
Consultant agrees that he will not disclose or permit to be disclosed, without the prior written consent of the Board of Directors
or Chief Executive Officer of the Company, any Confidential Information other than as necessary to perform the Services. Consultant
agrees that during the Term and following the termination of his engagement with the Company for any reason, he will not directly
or indirectly use any Confidential Information for any reason other than the advancement of the Company’s business interests.
The term “Confidential Information” means, collectively, all information and data regarding the Company and
its officers, directors, managers, shareholders, partners, employees, affiliates, joint venturers, agents, representatives, independent
contractors, subcontractors, clients, customers, vendors, suppliers, developers, lenders, investors, budgets, research, analysis,
studies, real and personal properties, intellectual properties, licenses, license agreements, projects, expenses, fees, charges,
pricing, assets, services, computer hardware and software, data files, spreadsheets, operations, financial statements, marketing
plans, methods, processes, business plans, and financial performance, at any time obtained by Consultant in connection with Consultant’s
engagement by the Company. Notwithstanding the foregoing, the term Confidential Information will not include any information that
(a) is or becomes generally available to the public (other than as a result of violation of this Agreement by Consultant), or (b)
Consultant receives on a nonconfidential basis from a source other than the Company that is not known by Consultant to be bound
by an obligation of secrecy or confidentiality. If Consultant is requested in any legal proceeding to disclose any Confidential
Information, Consultant agrees to give the Company prompt notice of such request so that the Company may seek an appropriate protective
order. If Consultant is nonetheless compelled to disclose any Confidential Information by a court, subpoena, legal proceeding or
governmental body having the authority to order such disclosure, Consultant may disclose the Confidential Information without liability
under this Agreement; provided, however, that Consultant gives the Company written notice of the Confidential Information to be
disclosed as far in advance of its disclosure as is practicable and, upon the Company’s request, Consultant uses his good
faith efforts to obtain assurances that confidential treatment will be accorded to the Confidential Information.

 

    	4

    	 

    

 

 

9.Return of
Property to the Company. Upon the termination of his engagement with the Company for any reason, Consultant agrees to promptly
return to the Company all Company-owned property in his possession or control, including, without limitation, all Confidential
Information. After the termination of his engagement with the Company, Consultant agrees that he will not retain copies of any
Confidential Information or any other documents or property belonging to the Company.

 

10.Choice of
Law; Jurisdiction and Venue. The parties agree that this Agreement will be construed under the substantive laws of the State
of Texas, without regard to its conflicts of law principles. Any dispute arising out of this Agreement or any matter relating hereto
will be brought in any federal or state court sitting or having jurisdiction in Dallas County, Texas. Each party accepts for itself
the exclusive jurisdiction and venue of the aforesaid courts as trial courts, and irrevocably agrees to be bound by any final non-appealable
judgment rendered in connection with this Agreement. The provisions of this Section will survive expiration or termination of this
Agreement.

 

11.Waiver of
Jury Trial. Each party irrevocably waives any and all rights it may have to demand that any action, proceeding or counterclaim
arising out of or in any way related to this Agreement or the relationships of the parties be tried by jury. This waiver extends
to any and all rights to demand a trial by jury arising from any source including without limitation, the Constitution of the United
States or any state therein, common law or any applicable statute or regulations. Each party acknowledges that it is knowingly
and voluntarily waiving its right to demand trial by jury.

 

12.Severability.
If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity
or unenforceability of that provision will not affect the validity or enforceability of any other provision of this Agreement,
and all other provisions will remain in full force and effect.

 

13.Waiver.
No failure by either party hereto at any time to give notice of any breach by the other party of, or to require compliance with,
any condition or provision of this Agreement will be deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any prior or subsequent time.

 

14.No Assignment.
Consultant may not assign or subcontract this Agreement or any right, obligation or interest under this Agreement without the Company’s
prior written consent. This Agreement may not be assigned by the Company except with Consultant’s prior written consent.
Any attempted assignment without the requisite consent will be void and of no effect.

 

15.Notices.
Any notices, consents, demands, requests, approvals and other communications to be given under this Agreement by either party to
the other will be deemed to have been duly given if given in writing and personally delivered or sent by mail (registered or certified)
or by a nationally recognized overnight delivery service, the business day on which the notice is actually received by the party,
or if given by certified mail, return receipt requested, postage prepaid, five business days after posted with the United States
Postal Service, addressed as follows:

 

    	5

    	 

    

 

(a)if to the Company,
to:

 

Gray Fox
Petroleum Corp.

3333 Lee
Parkway, Suite 600

Dallas, Texas
75219

Lpemble@grayfoxpetro.com

Attention:
Lawrence Pemble, Chief Executive Officer

 

or to such other address
as the Company may have advised Consultant in writing; and

 

(b)if to Consultant,
to:

 

Randall Newton

440 Louisiana,
Suite 1400

Houston,
Texas 77002

rnewton@newton-collaboration.com

 

or to such other address
as Consultant may have advised the Company in writing.

 

16.Entire Agreement.
This Agreement represents the entire agreement relating to the relationship between the Company and Consultant. No prior or subsequent
promises, representations, or understandings relative to any terms or conditions of Consultant’s engagement are to be considered
binding or part of this Agreement unless expressly agreed to in a writing signed by the parties.

 

17.Amendment.
This Agreement may be amended only in a writing signed by the Company and Consultant.

 

18.Counterparts.
This Agreement may be executed in multiple counterparts, each of which will be deemed an original for all purposes and all of which
will be deemed collectively to be one agreement. Signatures given by facsimile or portable document format (or similar format)
will be binding and effective to the same extent as original signatures.

 

(Signature Page Follows.)

 

    	6

    	 

    

 

IN WITNESS WHEREOF,
the parties hereto have executed this Agreement as of the Effective Date.

 

COMPANY:

 

Gray Fox Petroleum Corp., a Nevada corporation

 

 

By: /s/ Lawrence Pemble                   

Name: Lawrence Pemble

Title: Chief Executive Officer

 

 

CONSULTANT:

 

 

/s/ Randall Newton                        

Randall Newton

 

    	7

    	 

    

EXHIBIT
A

 

Description of Services

 

Consultant will provide
senior financial and accounting management typical of that expected of a Chief Financial Officer of a publicly-held corporation
including, but not limited to, the following:

 

		·	Review quarterly the operations and business, working closely with the Company’s independent
auditors.

		·	Prepare, coordinate and file SEC filings, including 10-Ks, 10-Qs, 8-Ks, proxy statements and other
documents, as needed.

		·	Respond to SEC comment letters and other correspondence.

		·	Conduct management’s assessment of disclosure and internal controls, as required under Sarbanes-Oxley
Rules 302 and 404, and conduct other oversight of the financial and operational controls, as needed.

		·	Participate in quarterly earnings calls and investor presentations.

		·	Provide enhancements, as needed, in financial policies.

		·	Mentor and oversee the finance and accounting staff.

		·	Oversee the automation of manual processes.

		·	Provide financial forecasting, budgeting and long-range financial planning.

		·	Prepare and participate in management and board reports and presentations.

		·	Close the books on a monthly and quarterly basis and prepare financial statements.

		·	Prepare and file tax returns and filings.

		·	Attend shareholder, board and investor meetings.

		·	Provide other services as requested or deemed appropriate by the Board or Chief Executive Officer.

 

 

    	8

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