Document:

NEXGEN
PETROLEUM CORP.

    2808
Cowan Circle

    Las
Vegas, Nevada   89102

    

    

    

    August
25, 2009

    

    Montello
Resources Ltd.

    305,
707 – 10th Avenue
S.W.

    Calgary,
Alberta   T2R 0B3

    

    

    Dear
Sirs/Mesdames:

    

    
      	
              Re:

            	
              Agreement
      to Earn an Undivided Interest in Certain
Leases

            

    

    

    Further
to our discussions, this binding letter agreement (“Letter Agreement”) is for the
purpose of evidencing our mutual agreement with respect to a 7.5% undivided
interest to be granted to Nexgen Petroleum Corp. (the “Company”) by Montello
Resources Ltd. (“Montello”), pursuant to the
terms of an equalization and joint operating agreement (the “EJO Agreement”) between
Montello and the Company, entered into by the parties on or about August 26,
2008. (Montello and the Company referred to separately as a “party” or collectively, as the
“parties”, as the
context requires).

    

    This
binding Letter Agreement shall be effective as at April 1, 2009, and shall set
out the relationship between the parties and the respective rights, obligations
and responsibilities of each party hereto.

    

    WHEREAS pursuant to the terms
of the EJO Agreement, the Company is entitled to earn a 15% undivided interest
in and to leases C through G set out in Schedule “A” to the EJO Agreement (the
“Leases”) upon incurring
an aggregate of $1,250,000 in Carried Amounts (as this term is defined in the
EJO Agreement);

    

    AND WHEREAS the parties
acknowledge that as at April 1, 2009, the Company has incurred an aggregate of
$461,000 of the Carried Amount, and has transferred of an additional $200,000 by
the Company of the monies set aside by the Company for Montello’s Petrojet AFE
project to Montello’s current AFE project.

    

    In
consideration of $10.00 (the receipt and sufficiency of which is hereby
acknowledged), the parties agree as follows:

    

    
      	
               
      

            	
              1.

            	
              Montello
      acknowledges and agrees that in consideration for an aggregate of $461,000
      of the Carried Amount which has been incurred by the Company, and the
      transfer of an additional $200,000 by the Company of the monies set aside
      by the Company for Montello’s Petrojet AFE project to Montello’s current
      AFE project, the Company has earned an undivided 7.5% interest in and to
      the Leases, such interest to be transferred to the Company by
      Montello.

            

    

    

    
      	
               
      

            	
              2.

            	
              Montello
      acknowledges that no further action is required on the part of the Company
      for Montello to transfer the undivided interest in and to the Leases to
      the Company.

            

    

    

    
      	
               
      

            	
              3.

            	
              The
      parties acknowledge and agree that the Company shall relinquish a 0.5% of
      its 7.5% undivided interest to the Leases in exchange for, and upon,
      Montello depositing to the Company’s account an aggregate of
      $15,000.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    
      	
               
      

            	
              4.

            	
              Montello
      shall take all action necessary to deliver to the Company recordable
      transfers of its 7.0% undivided interest to the
  Leases.

            

    

    

    
      	
               
      

            	
              5.

            	
              Montello
      hereby provides the Company with the option to earn a further 7.5%
      undivided interest in and to the Leases by paying to Montello an
      additional $400,000 on or before September 30, 2009.  All
      partial payments of the $400,000 made by Company by or before September
      30, 2009 shall entitled the Company to a pro-rated interest of the
      additional 7.5% undivided interest in and to the
  Leases.

            

    

    

    General

    

    
      	
              1.

            	
              The
      parties hereto agree that no partnership is created by this Letter
      Agreement.  Nothing contained in this Letter Agreement shall or
      shall be deemed to constitute the parties as partners, nor result in the
      appointment of one party as the agent of the other, nor any other
      relationship whereby either could be held liable for any act or omission
      of the other.

            

    

    

    
      	
              2.

            	
              Neither
      party shall have any authority to act for the other or to incur any
      obligation on behalf of the other save as specifically provided by this
      Letter Agreement.  Each party covenants to indemnify the other
      from all claims, losses, costs, charges, fees, expenses, damages,
      obligations and responsibilities incurred by the other party by reason of
      any action or omission of the other outside the scope of the authority
      specifically provided by this Letter
Agreement.

            

    

    

    
      	
              3.

            	
              Each
      of the parties hereby covenants and agrees that at any time upon the
      request of the other party, do, execute, acknowledge and deliver or cause
      to be done, executed, acknowledged and delivered all such further acts,
      deeds and assurances as may be required for the better carrying out and
      performance of all the terms of this Letter
  Agreement.

            

    

    

    
      	
              4.

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

            

    

    

    
      	
              5.

            	
              This
      Letter Agreement will be binding upon and enure to the benefit of the
      parties hereto and their respective heirs and executors and successors and
      assigns as the case may be. This Letter Agreement may not be assigned
      without the prior written consent of the other
  party.

            

    

    

    
      	
              6.

            	
              This
      Letter Agreement constitutes the entire agreement between the parties and
      supersedes all prior letters of intent, agreements, representations,
      warranties, statements, promises, information, arrangements and
      understandings, whether oral or written, express or implied. The recitals
      and any schedules form a part of and are incorporated by reference into
      this Letter Agreement.  No modification or amendment to this
      Letter Agreement may be made unless agreed to by the parties thereto in
      writing.

            

    

    

    
      	
              7.

            	
              In
      the event any provision of this Letter Agreement will be deemed invalid or
      void, in whole or in part, by any court of competent jurisdiction, the
      remaining terms and provisions will remain in full force and
      effect.

            

    

    

    
      	
              8.

            	
              Time
      is of the essence.

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    
      	
              9.

            	
              This
      Letter Agreement may be executed in any number of counterparts with the
      same effect as if all parties to this Letter Agreement had signed the same
      document and all counterparts will be construed together and will
      constitute one and the same instrument and any facsimile or pdf email
      signature shall be taken as an
original.

            

    

    

    

    Yours
truly,

    

    NEXGEN
PETROLEUM CORP.

    per:

    

                /s/
Hsien Loong
Wong               

    Authorized
Signatory

    Name:
Hsien Loong
Wong_________

    

    

    If this
Letter Agreement accurately sets out your understanding of the terms of our
agreement then please sign in the place indicated below.  Upon such
execution and return, this Letter Agreement shall constitute a binding agreement
upon the parties.

    

    Acknowledged
and agreed to this 31st day of
August, 2009.

    

    

    MONTELLO
RESOURCES LTD.

    per:

    

                 
/s/ Peter
Brown                          

    Authorized
Signatory

    Name:
Peter Brown
______________Unassociated Document

    THE
INVESTOR RELATIONS GROUP INC.

    LETTER
OF AGREEMENT

    Date:
September 10, 2009

    

    Section 1.  Services
to be Rendered.  The purpose of
this letter is to set forth the terms and conditions on which The Investor
Relations Group, Inc. (IRG) agrees to provide JAG Media Holdings, Inc. (which is
in the process of changing its corporate name to CardioGenics Holdings
Inc.)  (the “Company”)
a comprehensive corporate communications program.  These services may
include, but are not limited to all items listed in “Addendum A.”  The
Company represents and warrants that it will provide on a timely basis any
information requested by IRG which is necessary to perform such services and
further represents and warrants that such information shall be
accurate.

    

    Section
2.   Engagement
Period.  Unless sooner
terminated as provided herein, the term of this agreement (the “Engagement
Period”) shall commence on September 15, 2009 and shall continue for a
period of twelve (12) calendar months.  Following expiration of the
initial Engagement Period, this agreement shall be automatically renewed for
successive Engagement Periods of 12 months each unless either party shall give
the other written notice of its intent not to renew this agreement no later than
30 days prior to the expiration of any Engagement Period
hereunder.   The Company represents that it is duly organized,
validly existing and in good standing under the laws of its jurisdiction of
organization and is duly qualified as a foreign corporation and in good standing
in all jurisdictions in which the nature of its activities requires such
qualification.  The Company further represents to IRG: (1) that it has
full power and authority to carry on its business as presently or proposed to be
conducted and to enter into and perform its obligations under this Agreement;
(2) that this Agreement has been duly authorized by all necessary corporate
actions; and (3) that this Agreement constitutes the valid and binding
obligation of the Company, enforceable against the Company in accordance with
its terms (except as such enforcement may limited by bankruptcy, creditors’
rights laws or general principles of equity).   

    

    Section 3.  Fees.  (a) The Company
shall pay to IRG for its services hereunder a maintenance fee (the “Maintenance
Fee”) of $6,000.00 per month beginning September 15, 2009; provided, that the amount of
such Maintenance Fee shall be subject to change by the mutual agreement of the
parties at any time after expiration of the initial twelve (12) month Engagement
Period hereunder immediately upon written notice to the
Company.  Maintenance Fees shall be payable on or before the 1st day
of each calendar month which occurs during the Engagement Period.  In
the event that a partial month shall occur during the Engagement Period, then
the amount of the Maintenance Fee for such month shall be prorated based upon
the number of days in such month that occur during the Engagement Period. If the
Company does not pay its Maintenance Fee and any other recurring charges on or
before the 10th day of
each month, the Company will immediately be assessed and charged a 10% late
fee.

    

    (b) In
addition to the Maintenance Fees described in paragraph (a) above, upon the
execution of this agreement the Company shall immediately deliver to IRG stock
certificates for 200,000 shares of the Company’s common stock: 180,000 of which
underlying shares shall be issued in the name of Dian Griesel and 20,000 of
which underlying shares shall be issued in the name of J. Kevin Moran, as an
origination fee.   IRG hereby acknowledges and agrees, for itself
and on behalf of Ms. Griesel and Mr. Moran: (1) that the Company shall be under
no obligation to register such shares of common stock under the Securities Act
of 1933, as amended, or under any state “Blue Sky” laws prior to issuance; (2)
that such shares may not be sold, hypothecated or otherwise transferred except
pursuant to an effective registration statement covering such shares or pursuant
to an available exemption from such registration; and (3) that all certificates
evidencing such shares shall bear a restrictive legend to such
effect.  IRG further agrees to promptly supply such investor
information, and to make such further investor representations and warranties,
as the Company may reasonably require in order to insure compliance with United
States federal and state securities laws.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (c) Further, the Company shall also
deliver to IRG stock certificates for 150,000* shares of the Company’s common
stock: 120,000 of which underlying shares shall be issued in the name of Dian
Griesel and 30,000 of which underlying shares shall be issued in the name of J.
Kevin Moran, as an origination fee.

    

    * For
each month of service during the first year of this Agreement, IRG (Griesel and
Moran) will earn and be entitled to receive 1/12 of the 150,000 shares
referenced in subparagraph 3 (c) above. In the event this Agreement is
terminated by either party prior to (one year from the date of signing), Griesel
and Moran will deposit their original certificates with Joseph N. Paykin,
Attorney at Law, 185 Madison Avenue, 10th Floor,
New York, NY  10016 and the Company will exchange such surrendered
stock certificates on the 1/12th
pro-rated basis.   Each full month must satisfactorily be
completed from the Company’s perspective to have earned that given month’s
shares.   

    

    Section 4.  Expenses.  In addition to
all other fees payable to IRG hereunder, the Company hereby agrees to reimburse
IRG for all reasonable out-of-pocket expenses incurred in connection with the
performance of services hereunder.  These out-of-pocket expenses shall
include, but are not limited to: telephone, photocopying, postage, messenger
service, clipping service, information retrieval service and IRG wire (for
emails).  No individual expenses over $500 will be expended by IRG
without first obtaining the prior approval of the Company.  The
Company agrees to remit upon the signing of this agreement $3,500 by check or in
immediately available funds to be placed on deposit with IRG and credited to the
Company against expenses incurred, on a permanent basis, throughout the
program.  From time to time, the Company will replenish the expense
account as necessary to maintain a balance of $3,500 whenever the balance drops
below $500.  The balance of said deposit is fully refundable should
the program terminate.  A running invoice will be maintained of all
expenses incurred and will be submitted to the Company each
month.  Additionally, the Company shall establish an account with an
established wire service for the release of press releases and media releases
and an account with a printing service for the production of all of the
Company’s printed investor and media relations material.  IRG shall
have access to the wire service account for the release of press and media
releases and IRG shall have access to the printing service account in order to
direct the work necessary to maintain the company’s investor and media
information kits.  It will be the responsibility of the Company to pay
all associated bills from both the wire service account and the printing service
account.  These costs will not be included on IRG’s monthly running
invoice and are not the responsibility of IRG.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    
 

    Section 5.  Indemnification.  Each of the
Company and IRG agrees to defend, indemnify and hold the other and its
respective affiliates, stockholders, directors officers, agents, employees,
successors and assigns (each an "Indemnified
Person") harmless from and against any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses and
disbursements of any kind whatsoever (including, without limitation, reasonable
attorneys' fees) which arise solely from the Company's or IRG's (as the case may
be) breach of its obligations hereunder or any representation or warranty made
by it herein. It is further agreed that the foregoing indemnity shall be in
addition to any rights that either party may have at common law or otherwise,
including, but not limited to, any right to contribution. 

    

    Section 6.  Termination
of Agreement. (a)
Subject to paragraph (b) below, either party may terminate this agreement and
IRG’s engagement hereunder, with or without cause, immediately upon written
notice given to the other party at any time during the Engagement Period
hereunder. In such event, all compensation accrued to IRG prior to such
cancellation, whether in the form of Maintenance Fees, reimbursement for
expenses or otherwise, will become due and payable immediately upon such
termination and IRG shall be relieved of any and all further obligation to
provide any services hereunder.

     

    (b)
Notwithstanding anything to the contrary herein contained, the obligations of
the Company under Sections 4, 6 and 7, and the provisions of Sections 9 and 10,
shall survive any termination or breach of this agreement by either
party.

    

    Section
7. Solicitation
of Employees. (a) During
the term of this agreement, and for a period of two years after the termination
of this agreement, neither party shall, directly or indirectly: (1) influence or
attempt to influence any employee of the other party to leave such party’s
employ; (2) agree to aid any competitor or customer of the other party in any
attempt to hire any person who was employed by the other party within the
previous two year period; or (3) solicit or induce any person who was employed
by the other party within the previous two-year period to become employed by the
Company. Each party acknowledges that the restrictions in this Section 7 are
reasonable and necessary for the protection of the other party’s business. This
clause is not intended to restrict the individual right of employment but rather
is intended to preserve the contemplated business arrangement and to prevent the
parties from actively recruiting the employees of the opposite party.
     

     

    (b) 
Each party hereby acknowledges and agrees that a breach by it of the
restrictions set forth in paragraph (a) above would cause irreparable harm to
the other party for which money damages alone would be inadequate. 
Accordingly, each party hereby agrees that in such event the other party shall
be entitled to seek an injunction or other equitable remedy in addition to any
other remedies available to it at law.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    Section 8.  Severability.  In case any
provision of this letter agreement shall be invalid, illegal, or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not
be affected or impaired thereby.

    

    Section  9.
Consent
to Jurisdiction.  This agreement
shall be governed and construed in accordance with the laws of the State of New
York without regard to conflicts of laws principles.  The parties
further consent to the exclusive jurisdiction of the State and Federal courts
located within the City, County and State of New York to resolve any dispute
arising under this Agreement, and waive any defense to such jurisdiction based
upon inconvenient forum.  

    

    Section 10.  Other
Services.  If the Company
desires additional services not provided for in this agreement, any such
additional services shall be covered by a separate agreement between the parties
hereto.

    

    Section 11. Entire
Agreement.  This letter
agreement contains the entire agreement of the Company and IRG, and supersedes
any and all prior discussions and agreements, whether oral or written, with
respect to the matters addressed herein.

    

    Section
12.   Counterparts.  This letter
agreement may executed in two or more counterparts, each of which shall be
considered an original and all of which, taken together, shall be considered as
one and the same instrument. 

    

    Please
evidence your acceptance of the provisions of this letter by signing the copy of
this letter enclosed herewith and returning it to The Investor Relations Group
Inc., 11 Stone Street, 3rd Floor, New York, NY 10004, Attention:  Dian
Griesel, President & CEO.

    
      
         

        
          	 	

                  Very
      truly yours,

                   

                  /s/                        

                  Dian
      Griesel

                  Founder,
      President and CEO

                  The
      Investor Relations Group, Inc.

                

        

         

      

    

    

    ACCEPTED
AND AGREED

    AS
OF THE DATE FIRST ABOVE WRITTEN:

    JAG
MEDIA HOLDINGS, INC.

    

    By: /s/                        

          Name:
Yahia Gawad

          Title:
Chief Executive Officer

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    ADDENDUM  “A”

    

    In one
comprehensive program IRG covers both investor relations and public relations
needs from the “corporate communications” perspective.   Our
program includes all of the following:

    

    INVESTOR
RELATIONS:

    

    
      	
              ·  

            	
              Daily
      Update Reports

            

    

    
      	
              ·  

            	
              Targeted
      one-on-one investor meetings and conference calls with the top nano-,
      micro-, and small-cap decision-making analysts and portfolio managers of
      corporate, business, and family funds, using our proprietary competitive
      analysis approach (road shows). We secure a minimum of eight to
      fifteen-plus pre-qualified meetings per month, for a total of 150 to 200+
      unique introductions per year per
company.

            

    

    
      	
              ·  

            	
              KnobiasTM
      Powered Research Report (without models, price-targets,
      projections).

            

    

    
      	
              ·  

            	
              Access
      to IRG’s MicroCaptivationsTM Wire of 110,000 + professional investors.
      Effectively IRG’s in-house, proprietary news service, this is a triple
      opted-in, fully compliant list of 34,000 registered representatives,
      13,000 registered investment advisors, 80,000 buy-side fund managers and
      analysts. (We use an outside vendor that is fully compliant legally for
      e-mailings to recipients in all fifty states.) Cost per use is $495, with
      the first wire compliments of IRG.

            

    

    
      	
              ·  

            	
              A
      Comprehensive Peer (competitive) Analysis Report that provides detailed
      information about peer group companies including:  covering
      analysts and all reporting institutional investor holdings with full
      names, titles, addresses, and other related contact information once
      contact is confirmed.

            

    

    
      	
              ·  

            	
              Development
      of wire-house analyst research coverage and inclusion in peer reports as a
      comparable company.

            

    

    
      	
              ·  

            	
              Corporate
      message refinement that is flexible, according to ongoing
      developments.

            

    

    
      	
              ·  

            	
              A
      Fact Sheet that is flexible, in terms of ongoing
    developments.

            

    

    
      	
              ·  

            	
              Investor
      presentations in PowerPoint/slide
formats.

            

    

    
      	
              ·  

            	
              All
      written and edited shareholder communications, such as earnings releases,
      quarterly reports, and other
developments.

            

    

    
      	
              ·  

            	
               “Red-Cell”
      coaching for investor meetings and conference
  calls.

            

    

    
      	
              ·  

            	
              Conference
      call coordination, including scripting, Q&A preparation, and all
      details for execution, including
Webcasting.

            

    

    
      	
              ·  

            	
              Frank
      feedback collected from all road show meetings in order to help fine-tune
      corporate messaging.

            

    

    
      	
              ·  

            	
              Annual
      report production: writing and assisting in the selection and hiring of
      graphic artists, designers, and printers for the complete management of
      the publication.

            

    

    
      	
              ·  

            	
              Handling
      and screening investor inquiries.

            

    

    
      	
              ·  

            	
              Nurturing
      relationships with current and potential
  investors.

            

    

    
      	
              ·  

            	
              Mail
      and request fulfillment processing.

            

    

    
      	
              ·  

            	
              Introductions
      in the investment banking world.

            

    

    
      	
              ·  

            	
              Help
      in developing a Board of Directors--particularly “independent”
      directors.

            

    

    
      	
              ·  

            	
              Annual
      meetings, organizing as
appropriate.

            

    

    
      	
              ·  

            	
              Peer
      group/industry analysis provided on a regular
  basis.

            

    

    
      	
              ·  

            	
              Perception
      audits gathered from the investment
community.

            

    

    
      	
              ·  

            	
              Strategic
      planning and implementation.

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    
PUBLIC RELATIONS:

    

    
      	
              ·  

            	
              Unique
      news pieces and media pitches originated and written by our award-winning,
      well-published editorial staff (approximately twenty+ pieces per
      year)—above and beyond writing normal “material” news
      announcements.

            

    

    
      	
              ·  

            	
              Ghost-written/bylined
      white papers and other high-level trade articles written by our staff PhDs
      (one minimum per year).

            

    

    
      	
              ·  

            	
              Corporate,
      product, and technology related stories placed in targeted trade
      publications to build sales and
partnerships.

            

    

    
      	
              ·  

            	
              National
      and regional trend pieces written and placed in leading magazines and
      newspapers.

            

    

    
      	
              ·  

            	
              Syndication
      stories and feature feeds to more than sixteen thousand newspaper and
      other print editors nationwide.

            

    

    
      	
              ·  

            	
              Original
      “feature-feed” stories tying your company’s product or service to trends
      and national/world events.

            

    

    
      	
              ·  

            	
              Web
      2.0 new marketing including: free search engine optimization of news
      releases, videos, keywords, hot links, blogs, vlogs, social media tags,
      RSS feed inclusion, podcasts, and social media sites (i.e., a unique
      YouTube site, etc.).

            

    

    
      	
              ·  

            	
              On-camera
      media training.

            

    

    
      	
              ·  

            	
              Satellite
      media tours booked in the Top Twenty U.S.
  markets.

            

    

    
      	
              ·  

            	
              Financial
      news formats targeted: CNBC, PowerLunch, Cavuto Report, Bloomberg
      TV, etc.

            

    

    
      	
              ·  

            	
              Multiple
      :90 second to 2:30 minute CEO interviews --television quality production
      reel for TV/cable and Internet that is produced and edited in the IRG
      studios.

            

    

    
      	
              ·  

            	
              Background
      materials (B-roll) production for television, cable, and trade
      events.

            

    

    
      	
              ·  

            	
              Profiles
      written of CEOs and other top company
officers.

            

    

    
      	
              ·  

            	
              Headshot
      in our studios—JPEG print ready.

            

    

    
      	
              ·  

            	
              Crisis
      management plans.

            

    

    
      	
              ·  

            	
              Discounted
      clipping services — to document media
coverage.

            

    

    

    

    

    {END}

     

    
      
        
        

      

      
        6

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