INDEPENDENT CONTRACTOR AGREEMENT
This Independent Contractor Agreement ("Agreement") is made effective as of this 1st day of August, 2003, by
and between VERDISYS, INC., a California corporation ("Verdisys") and TERRONNE PETROLEUM
1. Services Compensation.
(a) Commencement of Services. Verdisys agrees to contract for the Services of Contractor (as defined below),
and Contractor agrees to provide the Services to Verdisys on the terms and conditions set forth in this
Agreement. Contractor agrees to devote such time as Contractor deems necessary to carry out the Services
contemplated hereunder. In the performance of the Services contemplated herein, Contractor is acting as an
independent contractor with the authority to control and direct the performance of' the details of the Services,
Verdisys being interested only in the results obtained. However, the Services contemplated herein must meet the
approval of Verdisys and shall be subject to its general right of inspection and supervision to secure the
satisfactory completion thereof.
(b) Description of Services. Contractor shall perform oil field management services for Verdisys, Inc. on all of
Verdisys' oil and natural gas fields located in Monroe, Louisiana (the "Services").
(c) Compensation. Contractor will be paid Fourteen Thousand Dollars ($14,000.00) per month for its
performance of the Services. Contractor shall invoice Verdisys monthly for services provided during the
preceding month. Verdisys shall pay Contractor net thirty (30) days from the date of receipt of each invoice.
(d) Expense Reimbursement: Contractor will not be reimbursed for expenses incurred by Contractor on behalf of
Verdisys, unless Contractor receives prior written consent from an officer of Verdisys. The expense
reimbursement must be supported by documents and/or receipts.
(e) Performance of Services. Contractor hereby represents that:
(i) the Services performed by Contractor shall be in conformity with all applicab