Document:

Exhibit 10.10

    CONSULTING
      AGREEMENT

    

    

    THIS
      AGREEMENT made as of the 1st
      day
      of
      March, 2006.
      BETWEEN:

     

    DELTA
      OIL & GAS, INC.,
      a
Colorado
      corporation having offices at 1122 6th
      Avenue
      N., Seattle, Washington, USA, 98109; (the "Company")

    

    AND:

     

    LAST
      MOUNTAIN MANAGEMENT, INC., an
      British Columbia, Canada
      corporation with offices
      at 608 Sandollar Place, Tsawwassen, British Columbia, Canada, V4L
      2G9;

    (the
      "Contractor")

    

    

    WHEREAS
      the Company has offered to engage the services of the Contractor to provide
      certain
      corporate
      development and consulting services to the Company and the Contractor has agreed
      to provide such services on the terms and subject to the conditions set out
      in
      this Agreement;

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that in consideration of lltc
      premises

    and
      mutual agreements contained herein the parties hereto agree as
      follows:

    

    1.Contractor's
      Duties

    

    1.1  
      The
      Contractor shall provide the following corporate maintenance,
      business
development
      and
      consulting services to the Company:

    

    
      	 	
              (a)  
                

            	
              engage
                in the maintenance of the corporate structure and current business
                of the corporation
                as well as business development activities for the
                Company in the ordinary
                course of business of the Company;

            

    

    

    
      	(b)  	
              assist
                the Company in seeking out and evaluating potential
                opportunities for the Company
                in the oil and gas sector with a view to expanding the Company's
                asset
                base and revenue streams; and

            

    

    

    
      	(c)  	
              in
                order to serve the
                Company
                better, the
                Contractor shall maintain a branch office at
                its
                home
                for the purposes of performing the Duties as set out
                herein.

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.  Contractor's
      Remuneration, Expenses and Incentive Stock

    

    2.1  The
      Company shall pay to the Contractor end $5,000 plus G.S.T. on the last day
      of
      each calendar month.

    

    2.2
       The
      Company shall, in consideration of the Contractor's services, issue to the
      Contractor or its designee 500,000 common shares of the Company's capital stock
      on January 1, 2007 and additional lots of 500,000 on an annual basis so long
      as
      this Agreement is in good standing. The cost base of these securities issued
      shall be par value.

    

    2.7
       The
      Company shall reimburse the Contractor for postage, telephone, facsimile and
      email expenses incurred by the Contractor in connection with taking up and
      performing the Duties, provided that the Contractor receives approval from
      the
      president of the Company prior- to incurring such expenses and provides receipts
      or other proof of such expenses..

    

    3.  Term
      of Agreement

    

    3.1
       The
      term
      of this Agreement shall commence on April 1, 2006 and shall continue for a
      period of one year. Thereafter, the Agreement shall continue on a
      month
      to
      month basis until either
      party gives notice to the other that the agreement is terminated subject to
      section 5.5.

    

    3.2  
      If
      the
      Agreement is terminated by either party, any stock-based compensation earned
      but
      not yet issued shall be issued upon the termination date.

    

    4.  Confidentiality

    

    4.1  
      Subject
      to subsection 4.2, the Contractor shall not, either during the term hereof,
      or
      at any
      time
      thereafter, to the detriment of the Company:

    

    (a) disclose
      any information pertaining to the
      Company which the Contractor acquires in the course of performing the
      Duties;

    

    (b)
       use
      for
      the Contractor's own purpose or for
      any
      purpose other than that of the Company any information which the Contractor
      acquires in the course of performing the Duties in relation to the business
      of
      the Company.

    

    4.2   
      The
      obligation under subsection 4.1 will not apply with respect to
      information.

    

    
      	(a)  	
              which
                at the time of its disclosure to the Contractor was or subsequently
                becomes (through no act on the part of the Contractor) available
                to the
                public;

            

    

    

    
      	(b)  	
              in
                respect of which the Contractor has received the prior authorization
                of
                the Company to disclose or communicate such information, or any part
                thereof, to third parties without restriction;
                or

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	(c)  	
              in
                respect of which the Contractor has an obligation under applicable
                laws to
                disclose such information.

            

    

     

    5.General
      Provisions

    

    Entire
      Agreement

     

    5.1
       This
      Agreement constitutes the entire agreement between the parties and supersedes
      all
      previous
      communications, representations and agreements, whether oral or written,
between
      the parties
      with respect to the subject matter of this Agreement.

    

    Amendment

    5.2 
      This
      Agreement may not be amended except by written agreement of
      the
      parties hereto. Enurement

    

    5.3
       This
      Agreement shall enure to the benefit of and be binding upon the Company
and
      the
Contractor
      and their respective heirs, executors, representatives, administrators,
      successors and permitted assigns.

    

    Governing
      Law

     

    5.4This
      Agreement
      will
      be
governed
      by and construed
      in
      accordance with
      the
laws
      of the
      Province
      of British Columbia.

    

    Termination

    

    5.5
      The
      Company has the right to cancel the contract at any time within any six month
      term by giving thirty days written notice according to section 5.6. The Company
      will
      pay
      the contractor
      up to
      the
end
      of
      the last calendar month in which the 30th day
      of
      the notice occurs and
      any
      earned but unissued common stock shall be immediately issued.

    

    Notices

     

    5.6
      Any
      notice or other communication required or permitted to be given under
      this agreement
      shall be
      in
      writing and shall be either delivered or sent by telecopy or similar facsimile
      transmission (receipt confirmed) to the party hereto to whom such notice or
      other
      communication
      is to be given at the address below or at such other address as is designated
      by
      that
      party hereto in writing:

     

    
      	(a) if to the Company, to: 	(b) if
              to the Contractor, to:
	
              Delta Oil & Gas, Inc.

              1122 6th
                Avenue
                N.

              Seattle, Washington

              98109

            	
              Last Mountain Management, Inc,

              608 Sandollar Place

              Tsawwassen, British Columbia

              Canada, V4L 2G9

            

    

     

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
              Ph: 604.602.1500

              Fax: 604.602.1525

            	
              Ph: 604.948.9408

               

            

    

     

    Attention:
      Mr. Douglas N. Bolen, President

    

    Any
      such
      notice or communication shall be deemed to have been given and received on
      the
date
      of
      sending if sent by facsimile (provided
      that such date is a business day, otherwise such
      notice
      or communication shall be
      deemed
      to have
      been
      given and received on the next business day) or upon receipt by a responsible
      officer of the addressee if delivered.

    

    Compliance
      With Regulatory and Legal Statutes

    

    5.6
       The contractor shall at all times ensure that its activities on behalf of
      the Company arc executed according to the laws and regulatory requirements
      of
      all jurisdictions in which it disseminates information and shall be solely
      liable and responsible for any and all compliance with NASD and SEC regulations
      of the United States.

    

    

    IN
      WITNESS WHEREOF the Company has executed this Agreement by its duly authorized
      officer and the Contractor has hereunto set his hand and seal as of the date
      first above written.

     

    DELTA
      OIL & GAS, INC.

     

    /s/
      Douglas Bolen

     

    Signature
      of Authorized Signatory

     

    

     

    Douglas
      Bolen, President

     

    Print
      Name and Position

     

     

    LAST
      MOUNTAIN MANAGEMENT, INC.

     

    /s/
      Douglas Bolen

     

    Signature
      of Authorized Signatory

     

     

    Douglas
      Bolen, President

     

    Print
      Name and PositionEXHIBIT 10.11

COMMISSION AGREEMENT AND RELEASE

          This COMMISSION AGREEMENT AND RELEASE (the “Agreement”) has been made and entered into as of the _12th_ day of _December_, 2006 by and between CORUS BANK, N.A. (“Company”) and MICHAEL STEIN (“Executive” or “Mr. Stein”).

WITNESSETH:

          WHEREAS, the Company has heretofore established the Corus Bank Commission Program for Commercial Loan Officers (the “Commission Program” or the “Program”); and

          WHEREAS, the undersigned executive officer, Michael Stein, has been a participant in the Program;

          WHEREAS, Section 21 of the Program provides that “Management reserves the right to modify or cancel this Commission Program at any time for any officer or all officers in its sole discretion; and 

          WHEREAS, the Company and the Executive have determined that, with respect to loans originated after October 31, 2005, the Executive will no longer participate in the Plan;

          WHEREAS, the parties hereto desire to set forth their respective rights and obligations in respect of the modification of the Commission Program with respect to Mr. Stein;

          NOW, THEREFORE, in consideration of the covenants and conditions set forth herein, the parties, intending to be legally bound, agree as follows:

	
  
 
  	
  
1.
  	
  
Payments to   Executive.    Executive and Company hereby agree to the following payments subject   to the terms and conditions of this Agreement:
  

	
  
 
  	
  
(a)
  	
  
Executive   shall be deemed to have ceased participation in the Program, effective   January 1, 2006, with respect to loans originated after October 31, 2005 and   shall receive no Commissions, nor share in any losses incurred with respect   to such loans;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
Executive   shall continue to participate in the Program and earn Commissions on loans   originated prior to November 1, 2005 with respect to which Executive   satisfied all Program conditions for receiving such Commissions, provided   that such amounts shall be subject to all Holdback rules and reduction for   losses all as described in the Program, including without limitation,   Sections 8, 12, and 13.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
In   consideration of the Company’s relieving the Executive from his risk arising   under the Program from loss sharing (described in section 8 of the Program)   on loans originated after October 31,   2005, Executive acknowledges and agrees that Executive shall have   no claim to any Commissions on those same loans.
  

	
  
 
  	
  
2.
  	
  
Release of   Claims.
  

	
  
 
  	
  
(a)
  	
  
Executive   agrees, in consideration of the elimination of the risk of loss sharing set   forth in Section 1 to which Executive agrees he is not otherwise entitled   without signing the Agreement, to release and discharge the Company from any   and all claims or causes of action arising out of the Executive’s cessation   of participation in the Commission Program from November 1, 2005, and onward,   as described above, or arising out of the cancellation of wages, salary,   bonuses or benefits of any kind or nature as a result of such cessation.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(b)
  	
  
Executive   acknowledges that he may have claims that he may not have discovered that   would be released by the preceding clause (a). Executive acknowledges that he   fully intends to release any and all such unknown or suspected claims,   provided that they fall within the scope of the preceding clause (a).
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
Company   agrees, in consideration of the elimination of compensation as described   above, to release and discharge Executive from any and all claims or causes   of action arising out of loans originated from November 1, 2005, and onward,   or arising out of losses of any nature whatsoever caused by such loans.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  
Company   acknowledges that it may have claims that it may not have discovered that   would be released by the preceding clause (c). Company acknowledges that it   fully intends to release any and all such unknown or suspected claims,   provided that they fall within the scope of the preceding clause (c).
  

	
  
 
  	
  
3.
  	
  
Effective   Date.  This   Agreement is only valid if signed by Executive as provided below.
  

	
  
 
  	
  
(a)
  	
  
Executive   acknowledges that Company has provided him with a reasonable amount of time   from the date upon which this Agreement is delivered to him within which to   consider the terms and effect of this Agreement. Executive voluntarily waives   any right he may have, prior to signing this Agreement, to additional time   with which to consider the Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
Company   hereby advises Executive to consult with an attorney prior to signing this   Agreement.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
Executive   has three (3) days following the date he signs this Agreement during which to   revoke it, by notifying in writing Robert Glickman at 3959 N. Lincoln Ave.,   Chicago, IL 60613 (773)832-3456.
  

	
  
 
  	
  
4.
  	
  
General.
  

	
  
 
  	
  
(a)
  	
  
This Agreement   contains the entire agreement and understanding of the parties with respect   to the subject matter hereof, and supersedes all prior agreements and   understandings, if any, with respect hereto and cannot be modified, amended,   waived or terminated, in whole or in part, except in writing signed by the   party to be charged.
  
	 
	  
	  

	 
	  (b)
	 The   provisions of this Agreement are severable, and if any clause or provision   shall be held invalid or unenforceable in whole or in part in any   jurisdiction, then such invalidity or unenforceability shall affect only such   clause or  

	
  
 
  	
  
 
  	
  
provision, or part thereof, in such jurisdiction and shall not in   any manner affect such clause or provisions in any other jurisdiction, or any   other clause or provision of this Agreement in any other jurisdiction.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
This   Agreement shall be governed by the laws of the State of Illinois without   giving effect to principles of conflicts of laws.
  

	
  
 
  	
  
    EXECUTIVE HEREBY ACKNOWLEDGES THAT, BEFORE ENTERING INTO THIS AGREEMENT, HE HAS RECEIVED A REASONABLE PERIOD OF TIME WITHIN WHICH TO CONSIDER ALL OF THE PROVISIONS CONTAINED IN THIS AGREEMENT, THAT HE HAS FULLY READ AND UNDERSTANDS ALL OF THE TERMS, CONTENTS, CONDITIONS AND EFFECTS OF ALL PROVISIONS OF THIS AGREEMENT, THAT NO PROVISION OR REPRESENTATION OF ANY KIND HAS BEEN MADE, EXCEPT THOSE EXPRESSLY STATED IN THIS AGREEMENT, AND THAT HE ENTERS INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY.  EXECUTIVE FURTHER ACKNOWLEDGES THAT HE HAS BEEN ENCOURAGED TO CONSULT WITH AN ATTORNEY OF HIS OWN CHOOSING CONCERNING ALL OF THE TERMS AND CONDITIONS OF THIS AGREEMENT.
  

          IN WITNESS WHEREOF, the parties hereof have executed this Agreement.

	
  
 
  	
  
CORUS BANK,   N.A.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
/s/ Robert J. Glickman
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
Robert J. Glickman
  
	
   
  	
  
Title:
  	
  
President   & CEO
  
	  
	  
	  

	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
/s/ Michael   G. Stein
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Michael G.   Stein
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
Date  12/12/06
  

STATE OF _Illinois_______)

                                               )          ss:

COUNTY OF _Cook______)

          On _December 12, 2006, before me personally came Robert J. Glickman and Michael G. Stein to me known and known to me to be the individual described in, and who executed, the foregoing Agreement, and duly acknowledged to me that he executed the same.

	
  
 
  	
  
/s/ Karen A.   Van Paassen
  
	
  
 
  	
  

  
	
  
 
  	
  
Notary   Public

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