Energulf Resources Inc. ENGFF

RE:RE:New investor?

[Columbus1494]

Not much to be positive about in this situation.The only thing I find is that the CEO
will get better paid than for a long time.That means they are expecting things to go forward and maybe better.Anyway they expected it on june 6th when they signed the agreement.


CEO Agreement

Ernest Miller was appointed as President and CEO of the Company on June 6, 2016 for an indeterminate period of time at an annual rate of two hundred thousand United States dollars (US$200,000) per annum until such time as EnerGulf has cash on deposit equal to not less than one million United States dollars (US$1,000,000) for a period of 60 days, after which the rate will be two hundred fifty thousand United States dollars (US$250,000). The agreement is subject to termination at any time by either party on thirty (30) days’ written notice.CEO Agreement

Ernest Miller was appointed as President and CEO of the Company on June 6, 2016 for an indeterminate period of time at an annual rate of two hundred thousand United States dollars (US$200,000) per annum until such time as EnerGulf has cash on deposit equal to not less than one million United States dollars (US$1,000,000) for a period of 60 days, after which the rate will be two hundred fifty thousand United States dollars (US$250,000). The agreement is subject to termination at any time by either party on thirty (30) days’ written notice.

CFO Agreement

Clive Brookes was appointed as CFO of the Company on June 6, 2016. A company controlled by the CFO is currently paid or accrues $5,000 per month for his services as an independent contractor.