Document:

ex10_22.htm

    
      

    

    
       

      Exhibit
        10.22

       

      January
        8th, 2005

       

      Dear
        H.C.,

       

      I
        am
        pleased to offer you the position of President of Global Products Group with
        ViewSonic Corporation reporting to James Chu, Chairman & CEO of
        ViewSonic Corporation. In addition you will also assume the role of Acting
        President of ViewSonic International until a permanent replacement is hired.
        This position also reports to James Chu. The terms and conditions of your
        employment with ViewSonic are as follows:

       

      Effective
        Start Date: To be Determined

       

      Base
        Salary and Remuneration: Your starting salary will be NTD
        8,400,000 per year. The monthly salary will be paid in two locations based
        upon
        business requirements.

       

      Performance
        Incentive Bonus: You will be eligible to participate in our Executive
        Incentive Program (EIP) immediately on a pro-rated basis. Your targeted
        incentive base will be 50% of your salary and will be paid semi-annually.
        Full
        details will be provided upon hire.

       

      Stock
        Option: You will be granted 1,000,000 shares of ViewSonic employee stock
        options, subject to final approval by the board of directors.

       

      Housing
        Allowance:  ViewSonic will provide a monthly housing allowance of
        NTD 60,000, and paid together with your monthly salary.

       

      Transportation: ViewSonic
        will provide a company car (equivalent to BMW735iL) with a driver. We understand
        that you have a recommendation for this position and we will consider your
        recommendation, based upon our internal practices. In addition, ViewSonic
        will
        provide a parking space at our Taiwan Office.

       

      Sign-on
        Bonus: ViewSonic will pay you a one time special bonus of NTD 1,800,000 upon
        successfully completing your first anniversary.

       

      Phone:
        ViewSonic will reimburse you for all company phone expenses.

       

      Other
        Benefit: ViewSonic will cover the costs of an annual physical examination
        benefit and Group Accident Insurance to you.

       

      Secretarial
        Support: ViewSonic will provide secretarial support for you. We understand
        that you have a recommendation for this position and we will consider your
        recommendation, based upon our internal practices.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      Severance
        Agreement: If there is a structural re-organization that substantially
        affects the responsibilities of your position, a standard Severance Pay package
        would be provided as follows:

      
        	
                 

              	
                ·

              	
                One
                  (1) month for each full year of
                  service

              

      

      
        	
                 

              	
                ·

              	
                Four
                  (4) months minimum

              

      

       

      If
        a
        severance was initiated, the above mentioned Performance Incentive Bonus
        will be
        paid prorated to the last complete quarter.

       

      ViewSonic
        shall pay to your statutory national labor and health insurance
        contributions.

       

      As
        your
        compensation and benefit package is sensitive information, you are not allowed
        to reveal it in public or discuss it with any other colleagues. We appreciate
        your understanding and cooperation.

       

      Except
        as
        agreed in writing by ViewSonic, you will not directly or indirectly be
        involved or engaged in, or provide services to, any external businesses that
        are
        competing or conflicting with the business of ViewSonic. Except as otherwise
        representing ViewSonic, your participation in any external affairs shall
        not be
        in the name of ViewSonic without ViewSonic's consent.

       

      You
        may
        accept this offer by signing on this Letter of Employment in duplicate and
        returning one copy together with other documents to the Company.

       

      I
        look
        forward to you joining ViewSonic and the contributions you will make to our
        continued growth and success.

       

      

      
        
          
            
              	
                      Sincerely,

                    	 	 
	 	 	 
	
                      /s/
                        James Chu

                    	 	
                      Signature:

                    	
                      /s/
                        H.C. Ho

                    
	
                      James
                        Chu

                    	 	
                      Name:
                        H. C. Ho

                    
	
                      CEO
                        of ViewSonic Corporation

                    	 	 
	 	 	 
	
                      Date:
                        1-22-05

                    	 	
                      Date:
                        1-22-05EX 10.1

    
      EXHIBIT
        10.1

      

      MEMORANDUM
        OF AGREEMENT TO SELL AND PURCHASE

      

      THIS
        AGREEMENT is made and entered into effective the  
        day of
 ,
        2007,
        by and between ALTAMONT OIL & GAS, INC., a Montana corporation, of P. O. Box
        488, Cut Bank, MT 59427, and NUMBERS, INC., a corporation, of 1500 Manulife
        Place, 10180-101 Street, Edmonton, Alberta T5J 4K1, hereinafter referred
        to
        collectively as “SELLER” and MAJESTIC OIL & GAS, INC, whose address is CBM
        Building, Cut Bank, MT 59427, hereinafter referred to as
“PURCHASER”.

      

      RECITALS:

      

      1.
        Seller
        is the owner of certain oil and gas real and personal property located in
        Pondera County, Montana.

      

      2.
        Purchaser desires to purchase from Seller and Seller desires to sell to
        Purchaser an undivided fifty percent (50%) interest in the oil and gas real
        and
        personal property owned by Seller, more particularly described
        hereinafter.

      

      3.
        The
        parties wish to memorialize in writing the general terms of such sale and
        purchase and provide for the execution of additional documentation at final
        payment and closing of this transaction.

      

      In
        consideration of the foregoing and in further consideration of the mutual
        promises contained in this Agreement, Seller and Purchaser agree as
        follows:

      

      AGREEMENT

      

      1.
        PROPERTY
        DESCRIPTION.
        Seller
        will sell to Purchaser and Purchaser will purchase from Seller in consideration
        of the purchase price set forth hereinafter an undivided fifty percent (50%)
        interest in the oil and gas real and personal property, more fully set forth
        on
        Exhibit “A” attached hereto and incorporated herein by this
        reference.

       

      2.
        PURCHASE
        PRICE.
        The
        total purchase price for the property set forth in Paragraph 1 above shall
        be
        the value determined by the engineering report prepared by Citadel Engineering
        Company of Calgary, Alberta, and shall be payable by Purchaser to Seller
        at
        closing in cash and shares of common stock of Purchaser. In the event that
        at
        closing the parties are unable to agree on the amount of cash and number
        of
        shares constituting the purchase price, then this Agreement shall be of no
        further force nor effect and neither party shall assert any claim agaist
        the
        other on account of this Agreement.

      

      3.
        POSSESSION.
        Purchaser shall be entitled to possession of its proportionate share of the
        above described property as of the date of final closing set forth in Paragraph
        4

      
        
           

        

        
          -1-

          
            

          

        

        
           

        

      

      hereinafter
        and, subject to other provisions of this Agreement, shall be entitled to
        its
        proportionate share of production proceeds and obligated to pay for its
        proportionate share of expenses in connection therewith from and after the
        final
        closing date. At final closing of the within transaction, Seller agrees to
        execute an AAPL 610 Model Form of Operating Agreement, naming Altamont Oil
&
Gas, Inc. as operator, containing a 100%-300% non-consent penalty clause
        with
        COPAS Accounting Form providing for a monthly combined fixed rate overhead
        on
        each of the within described gas wells of Four Hundred Dollars ($400.00)
        per
        well per month.

      

      4.
        CLOSING.
        The
        final closing of this transaction shall be held on or after  ,
        2007,
        and upon the final payment being made as provided in Paragraph 2 hereof.
        Closing
        shall be held at such time and place as shall be mutually agreeable to Seller
        and Purchaser. At closing, Seller and Purchaser agree to execute all documents
        necessary to complete this transaction, including, but not limited to, Seller's
        execution and delivery of good and sufficient assignments of oil and gas
        leases
        conveying an undivided fifty percent (50%) interest in each of the leases
        covering the lands set forth on Exhibit “A”, insofar as said leases encompass
        the lands specifically described herein. In this respect, it is agreed that
        Purchaser shall receive an assignment of an undivided twenty-five percent
        (25%)
        interest from Numbers, Inc. and an assignment of an undivided twenty-five
        percent (25%) interest from Altamont Oil & Gas, Inc. Seller further agrees
        to deliver to Purchaser any bills of sale or other documents or other
        instruments of sale, conveyance, transfer or assignment necessary to effectuate
        the conveyance, transfer and assignment of the undivided interest set forth
        herein to the Purchaser in and to the real and personal property described
        herein, free and clear of all liens, claims or encumbrances. It is further
        agreed that at closing, Purchaser shall execute and deliver to Seller the
        Operating Agreement set forth above. 

       

      5.
        LIENS
        AND ENCUMBRANCES.
        Purchaser agrees to keep the property described in Paragraph 1 above being
        purchased and sold under this Agreement to Sell and Purchase free from any
        liens
        or encumbrances which become, or may become, superior to the lien of Seller's
        title up to the date of closing. It is expressly under-stood and agreed that
        Seller shall not be liable for any obligations incurred on or in connection
        with
        such property by Purchaser, and it is further agreed that no liens may be
        filed.

      

      6.
        INDEPENDENT
        INVESTIGATION.
        Purchaser agrees and repre- sents that it has conducted an independent
        investigation and inspection of the real and personal property being conveyed
        hereunder and has entered into this Agreement to Sell and Purchase in full
        reliance thereon, and there are no other agreements, verbal or otherwise,
        modifying or affecting the terms hereof, and that it is not relying on any
        oral
        representations made by the Seller or its agents.

      

      7.
        ASSIGNMENT.
        Purchaser's interest in this Agreement to Sell and Purchase or the property
        described in Paragraph 1 above shall not be assigned, conveyed, transferred
        or
        subleased by Purchaser without the written consent of Seller, provided, however,
        such consent shall not be unreasonably withheld. 

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      Any
        consent given to an assignment, conveyance, transfer or sublease of the
        Agreement to Sell and Purchase or of the property described in Paragraph
        1 above
        shall not discharge Purchaser's liability under this Agreement for Sale and
        Purchase unless Seller, in writing, specifically releases Purchaser from
        Purchaser's liability under this Agreement to Sell and Purchase.

      

      8.
        ATTORNEY'S
        FEES FOR RESOLUTION OF DISPUTE.
        In the
        event of a dispute arising under this Agreement to Sell and Purchase, whether
        resolved by litigation or otherwise, Seller and Purchaser agree that the
        prevailing party shall be entitled to recover costs, including reasonable
        attorney's fees incurred in the resolution of said dispute. 

      

      9.
        PARTIES
        BOUND.
        All
        terms, covenants and agreements herein shall extend to and be obligatory
        upon
        the heirs, successors and assigns of the respective parties hereto.

       

      10.
        DRILLING
        AND PARTICIPATION AGREEMENT.
        It is
        specifi-cally understood that contemporaneously herewith, the parties have
        entered into a certain Agreement for the participation in and drilling of
        certain wells in the Williams and Lake Frances Fields, Pondera County, Montana,
        wherein Purchaser may have the right to earn additional leases, lands and
        properties in the general area of the properties sold hereunder. The parties
        agree that the interests earned under that Agreement are separate and in
        addition to the properties sold herein.

      

      11.
        FORCE
        MAJEURE.

      

      
        	 	
                a.

              	
                If
                  Purchaser is at any time, either during the term of this Agreement
                  or
                  thereafter, prevented or delayed in complying with any provisions
                  of this
                  Agreement by reason of acts of terrorism, wars, acts of God, governmental
                  regulations or any other reason or reasons which substantially
                  and
                  adversely impacts Purchaser's access to North American markets
                  for
                  securities of its own issue, beyond the control of Purchaser, the
                  time
                  limits for the performance by Purchaser of its obligations hereunder
                  shall
                  be extended by a period of time equal in length to the period of
                  each such
                  prevention or delay. In no event shall said period exceed ninety
                  (90)
                  days. 

              

      

      

      
        	 	
                b.

              	
                Purchaser
                  shall give prompt notice to Seller of each event of force majeure
                  under
                  Section 11(a) and upon cessation of such event, shall furnish to
                  Seller
                  with notice to that effect together with particulars of the number
                  of days
                  by which the obligations of Purchaser hereunder have been extended
                  by
                  virtue of such event of force majeure and all preceding events
                  of force
                  majeure. In no event shall said extension exceed ninety (90) days
                  from the
                  original time of performance.

              

      

      

      12.
        COUNTERPARTS
        - FACSIMILE SIGNATURES.
        This
        Agreement may be executed in any number of counterparts, each of which shall
        be
        considered an original for all purposes. 

      
        
           

        

        
          -3-

          
            

          

        

        
           

        

      

      Execution
        of this Agreement may be made by facsimile signature which shall have the
        same
        legal effect as a manual signature.

      

      13.
        ENTIRE
        AGREEMENT.
        This
        Agreement to Sell and Purchase contains the entire agreement between Seller
        and
        Purchaser and supersedes all other agreements between such parties affecting
        the
        property described in Paragraph 1 hereof. Any modifications to this Agreement
        between the parties shall be in writing and signed by both Seller and Purchaser.
        

       

      IN
        WITNESS WHEREOF, Seller and Purchaser have signed this Agreement to Sell
        and
        Purchase the day and date first above written.

      

      

      
        	 	
              	SELLER
	 	 	 
	ALTAMONT
                OIL & GAS, INC.	 	NUMBERS,
                INC.
	 	 	 	 	 
	 	 	 	 	 
	By: 	   
	 	By:	    

	 	
                President

              	 	 	
                President

              
	 	 	 	 	 
	 	 	 	 	 
	 	
                 

              	 	PURCHASER
	 	 	 	 	 
	 	
              	 	MAJESTIC
                OIL & GAS, INC.
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	By: 	   

      

       

      
        
           

        

        
          -4-

          
            

          

        

        
           

        

      

       

      EXHIBIT
        “A”

      

      Attached
        to and made a part of Memorandum of Agreement to Sell and Purchase dated
         ,
        2007
        between Altamont Oil & Gas, Inc. and Numbers, Inc. as Seller, and Majestic
        Oil & Gas, Inc. as Purchaser

      

      Pondera
        County, Montana

      

      
        	
                Township
                  29 North, Range 4 West, MPM

              
	
                Section
                  1:

              	
                All

              
	
                Section
                  2:

              	
                All

              
	
                Section
                  3:

              	
                N1⁄2,
                  SW1⁄4

              
	
                Section
                  4:

              	
                All

              
	
                Section
                  9:

              	
                All

              
	
                Section
                  10:

              	
                N1⁄2,
                  SE1⁄4

              
	
                Section
                  11:

              	
                N1⁄2,
                  SE1⁄4

              
	
                Section
                  12:

              	
                All

              
	
                Section
                  13:

              	
                All

              
	
                Section
                  14:

              	
                S1⁄2
                  NE1⁄4

              
	
                Section
                  15:

              	
                All

              
	
                Section
                  16:

              	
                All

              
	
                Section
                  21:

              	
                All

              
	
                Section
                  22:

              	
                All

              
	
                Section
                  23:

              	
                All

              
	
                Section
                  24:

              	
                All

              
	
                Section
                  26:

              	
                All

              
	
                Section
                  27:

              	
                S1⁄2,
                  NW1⁄4

              
	
                Section
                  28:

              	
                All

              
	
                Section
                  34:

              	
                All

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