TERMINATION OF ADVISORY AGREEMENT

EX-10.5 2 exh105terminationofadvisor.htm TERMINATION OF ADVISORY AGREEMENT Exh 10.5 Termination of Advisory Agreement

Exhibit 10.5

TERMINATION OF ADVISORY AGREEMENT

The undersigned hereby agree to terminate the Advisory Agreement dated April 1, 2012 effective as of January 1, 2013 except that any Compensation due and owing and any Reimbursable Expenses due but not heretofore paid shall be promptly made upon presentation.

CONTANGO OIL & GAS COMPANY

By: /s/ SERGIO CASTRO

Name: Sergio Castro

Title: Vice President

JUNEAU EXPLORATION, L.P.

By: Juneau GP, LLC

its General Partner

By: /s/ JOHN B. JUNEAU

Name: John B. Juneau

Title: Sole Manager