Gambit Energy, Inc. – Material Contracts Watch

from 8-K 2 pages Employment Agreement Employment Agreement This Employment Agreement ("Agreement") Is Entered Into Effective 18th Day of October, 2011 Between Gulfmark Energy, Inc. ("Employer") and Terrence J. Dunne, ("Employee"). It Is Agreed as Follows: 1. Employment. Employer Employs Employee, and Employee Accepts Employment, Upon the Terms and Conditions Set Forth in This Agreement. 2. Term. This Agreement Begins on October 19, 2011, and Continue for Ninety (90) Days. 3. Compensation. A. Salary. Employer Will Pay Employee a Flat Fee of Fifty Thousand (50,000) Common Shares During the Term of This Agreement as Compensation Which Will Be Paid Upon Execution of This Agreement and Deemed Fully Paid and Earned as of the Date Hereof. 4. Duties. Employee Will Be Employed as an Interim Chief Financial Officer of Employer

from 8-K 4 pages Assignment of Oil and Gas Lease