Reimbursement Agreement Between Infinity Oil and Gas Company and Betty Sytner (September 30, 2012)
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Summary
Infinity Oil and Gas Company agrees to reimburse Betty Sytner for funds she advances to support the company's operations, up to $20,000, from the proceeds of its public offering. If Ms. Sytner advances more than $20,000, any additional repayment will only come from the company's operational revenues. This agreement outlines the repayment terms for Ms. Sytner's financial support.
EX-10.1 2 exh10-1.htm AGREEMENT WITH BETTY SYTNER DATED SEPTEMBER 30, 2012. exh10-1.htm
Exhibit 10.1
AGREEMENT
IN CONSIDERATION OF Betty Sytner advancing funds necessary for our operations, Infinity Oil and Gas Company agrees to reimburse Ms. Sytner for said advances from the proceeds of the Company's public offering up to $20,000.00. In the event advances exceed the sum of $20,000.00, Betty Sytner agrees to that moneys advanced in excess of $20,000.00 will only be repaid from revenues from operations.
DATED: September 30, 2012.
| INFINITY OIL AND GAS COMPANY | ||
| BY: | EILEEN FRIEDMAN | |
| Eileen Friedman, Secretary | ||
| BETTY SYTNER | ||
| BETTY SYTNER | ||
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