Employment Agreement September 14, 2009

Exhibit 10.5

September 14, 2009

Agreement dated September 14, 2009 by and between Universal Holdings, Inc a Delaware Corporation, and ▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ (the “Executive”).

WHEREAS, the Company recognizes that the Executive's talents and abilities are unique, and are integral to the success of Universal Holdings, Inc and thus wishes to secure the ongoing services of the Executive on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the premises and the mutual covenants set forth below, the parties hereby agree as follows:

1.	Employment: The Company hereby agrees to employ the Executive as the Chief Executive Officer of the Company, and the Executive hereby accepts such employment, on the terms and conditions set forth below.

2.	Start Date: The Executive’s start date will be on or around September 14, 2009.

3.	Compensation and Related Matters:

Base Salary. During the Employment Period, the Company shall pay the Executive a base salary at the rate of not less than $200,000 per year (“Base Salary”). The Executive’s base Salary shall be paid in approximately equal installments every two (2) weeks. If the Executive’s Base Salary is increased by the Company, such increased Base Salary shall then constitute the Base Salary for all purposes of this agreement.

Stock Compensation: Five Percent (5%) of the current outstanding and authorized shares of Universal Holdings Inc. The restricted stock grant will vest over a three year period quarterly, vesting the trailing calendar quarter at its end. There will be an initial vesting of 20% of the stock grant upon execution of this agreement.

Over Riding Royalty Interests: One Percent (1%) overriding royalty interest (‘ORRI’) on all acquired leases, ▇▇▇▇▇, and properties (sourced by the Executive and board approved) will be assigned to the Executive or an entity chosen by the Executive upon the acquisition and/or development of the leases, ▇▇▇▇▇ or properties. The Company will assign the ORRI free and clear of any liens and interests and the Company will no longer have any economic or legal interests in the assigned ORRI (‘s).

Co-Investment: The Executive or an affiliate of the Executive will have an option to co-invest (with Board Approval) in any and all of the company projects on a well by well and lease by lease basis at cost. The election to co-invest must be made within ninety (90) days upon the completion of a well or acquisition of a lease, well, or property and will date to the effective date of the completion of the well or acquisition of a lease well or property. The Executive will be limited in acquiring a maximum of ten (10%) of any asset.

Annual Bonus: For each full fiscal year of the Company that begins and ends during the Employment Period, and for the portion of the fiscal year of the Company that begins in 2009 ("Fiscal Year 2009"), the Executive shall be eligible to earn an annual cash bonus in such amount as shall be determined by the Compensation Committee of the Board (the "Compensation Committee") (the "Annual Bonus") based on the achievement by the Company of performance goals established by the Compensation Committee for each such fiscal year (or portion of Fiscal Year 2009), which may include targets related to the earnings before interest, taxes, depreciation and amortization ("EBITDA"), hydrocarbon production level, hydrocarbon reserve amounts of the Company; provided, that the Annual Bonus shall be targeted no less than $100,000 (with board approval). The Compensation Committee shall establish objective criteria to be used to determine the extent to which performance goals have been satisfied.

f.	Vacation: The Executive shall be entitled to four (4) weeks of vacation per year. Vacation not taken during the applicable fiscal year (but not in excess of three weeks) shall be carried over to the next following fiscal year.

g.	Expenses: The Company will reimburse the Executive for all expenses related to Company business, including, but not limited to travel, marketing, communication, due diligence, legal fees and expenses, etc.

Dedication of Time/Conflict of Interests: During the Employment Period, the Executive shall serve as the Chief Executive Officer of the Company, with such duties, authority and responsibilities as are normally associated with and appropriate for such a position. The Executive shall report directly to the Board.

The Company acknowledges the Executive is not exclusively employed by the Company and the Company acknowledges the Executive is currently active in a number of activities related to the energy industry and will remain active in activities not associated with the company. These activities may or may not be in conflict with the best interests of the Company. The Company specifically acknowledges the Executive is permitted to continue allocating time to business activities outside of the Company and waives any and all conflicts of interest(s) that may or may not exist or develop in the future.

The Executive acknowledges the Company is dependent upon his knowledge and skill set and will dedicate a minimum of ten (10) hours per week to the Company’s business.

Responsibilities: As the CEO of Universal Holdings, Inc, you will be responsible for developing and implementing the Company’s business plan, locate and review prospective acquisition targets, negotiate any and all required contracts and agreements, oversee the development plan of all acquired properties, execute any and all documents required to implement the Company’s business plan, and legally bind the Company to any agreement or contract. As such, you will have the authority to reject or modify any acquisition or development plan.

At-Will Employment: The Executive’s employment with the Company would be on an at-will basis. If terminated for any reason other than Cause, the Company will be responsible to provide the Executive a minimum of one 90 days Base Salary as severance payable immediately upon termination as well as any business expenses incurred but not yet reimbursed. Furthermore, the Company will release any and all claims to any stock, ORRI or other compensation provided through the date of termination or to which the Executive is entitled at the date of termination. The provisions of Section 9 will continue in full force for a minimum period of Five (5) years after termination. Cause is to be defined as Gross Negligence, Fraud, or Gross Misconduct.

7.	Location: You will be based in Denver, Colorado. During the Employment Period, the Company shall provide the Executive with an office if the need arises. Upon mutual agreement of the Executive and the Company, offices maybe relocated to a different location.

Representations and Warranties: Company represents and warrants to Executive that this Agreement has been duly authorized, executed and delivered by Company and, assuming the due execution by Executive, constitutes a legal, valid and binding agreement of Company, enforceable against Company in accordance with its terms.

Indemnity: The Company agrees that if the Executive is made a party or is threatened to be made a party to any action, suit or proceeding, whether civil, criminal, administrative or investigative (a "Proceeding"), by reason of the fact that the Executive is or was a trustee, director or officer of the Company or any predecessor to the Company or any of their affiliates or is or was serving at the request of the Company, any predecessor to the Company or any of their affiliates as a trustee, director, officer, member, employee or agent of another corporation or a partnership, joint venture, limited liability company, trust or other enterprise, including, without limitation, service with respect to employee benefit plans, whether or not the basis of such Proceeding is alleged action in an official capacity as a trustee, director, officer, member, employee or agent while serving as a trustee, director, officer, member, employee or agent, the Executive shall be indemnified and held harmless by the Company to the fullest extent authorized by Delaware law, as the same exists or may hereafter be amended, against all Expenses incurred or suffered by the Executive in connection therewith, and such indemnification shall continue as to the Executive even if the Executive has ceased to be an officer, director, trustee or agent, or is no longer employed by the Company and shall inure to the benefit of his heirs, executors and administrators.

Expenses. As used in this Agreement, the term "Expenses" shall include, without limitation unless deemed for cause, damages, losses, judgments, liabilities, fines, penalties, excise taxes, settlements, and costs, attorneys' fees, accountants' fees, and disbursements and costs of attachment or similar bonds, investigations, and any expenses of establishing a right to indemnification under this Agreement.

Enforcement. If a claim or request under this Section 9 is not paid by the Company or on its behalf, within thirty (30) days after a written claim or request has been received by the Company, the Executive may at any time thereafter bring suit against the Company to recover the unpaid amount of the claim or request and if successful in whole or in part, the Executive shall be entitled to be paid also the expenses of prosecuting such suit. All obligations for indemnification hereunder shall be subject to, and paid in accordance with, applicable Delaware law.

Advances of Expenses. Expenses incurred by the Executive in connection with any Proceeding shall be paid by the Company in advance upon request of the Executive that the Company pay such Expenses, but only in the event that the Executive shall have delivered in writing to the Company (i) an undertaking to reimburse the Company for Expenses with respect to which the Executive is not entitled to indemnification and (ii) a statement of his good faith belief that the standard of conduct necessary for indemnification by the Company has been met.

d.	The Company will maintain a Director’s and Officer’s Insurance Policy naming the Executive as a covered party in amount deemed mutually sufficient to the Company and the Executive. Executive will pursue the policy and its enforcement with Board approval.

10.

Survival of Certain Provisions: The representations, warranties and covenants and indemnity provisions contained in Sections 8 and 9 of this Agreement and the Company’s obligation to pay the Executive any compensation earned pursuant hereto shall remain operative and in full force and effect regardless of any completion or termination of this Agreement and shall be binding upon, and shall inure to the benefit of any successors, assigns, heirs and personal representatives of the Company, the indemnified parties and any such person.

11.

Notices: Notice given pursuant to any of the provisions of this Agreement shall be in writing and shall be mailed or delivered (a) if to the Company, at its offices at ▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇, and (b) if to Executive, at its offices at ▇▇▇▇ ▇ ▇▇▇ ▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇.

12.	Counterparts: This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same instrument.

13.	Third Party Beneficiaries: This Agreement has been and is made solely for the benefit of the Parties hereto, and their respective successors and assigns, and no other person shall acquire or have any right under or by virtue of this Agreement.

14.	Validity: The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.

15.

Dispute Resolution: If a dispute arises out of or relating to this Agreement or the breach of this Agreement, and if the dispute cannot be settled through direct discussions, the Parties agree to first endeavor to settle the dispute in an amicable manner by mediation. Mediation shall consist of an informal, nonbinding conference or conferences between the Parties and the mediator jointly, and at the discretion of the mediator, then in separate caucuses in which the mediator will seek to guide the Parties to a resolution of the case. The Parties shall attempt to select a mutually acceptable mediator. If the Parties cannot agree upon a mediator, the Parties shall seek assistance in the appointment of a mediator from the District Judge in the, State of Colorado.

Legal Fees and Expenses: If any contest or dispute shall rise between the Company and the Executive regarding any provision of this Agreement, the Company shall reimburse the Executive for all legal fees and expenses incurred by the Executive in connection with such contest or dispute unless an unlawful act has preceded, but only if the Executive prevails to a substantial extent with respect to the Executive's claims brought and pursued in connection with such contest or dispute. Such reimbursement shall be made as soon as practicable following the resolution of such contest or dispute (whether or not appealed) to the extent the Company receives reasonable written evidence of such fees and expenses.

16.

Choice of Law, Jurisdiction and Venue: This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Colorado. Any and all actions, suits, or judicial proceedings upon any claim arising from or relating to this Agreement, subject to Paragraph 9 herein, shall be instituted and maintained in the State of Colorado. Each party waives the right to change of venue, or to file any action, suit or judicial proceeding in federal court. Notwithstanding this provision, if it is judicially determined that either party may file an action, suit or judicial proceeding in federal court, such action, suit or judicial proceeding shall be in the Federal District Court for the District of Colorado.

17.

Miscellaneous: No provisions of this Agreement may be amended, modified, or waived unless such amendment or modification is agreed to in writing signed by the Executive and by a duly authorized officer of the Company, and such waiver is set forth in writing and signed by the party to be charged. No waiver by either party hereto at any time of any breach by the other party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. No agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. The respective rights and obligations of the parties hereunder of this Agreement shall survive the Executive's termination of employment and the termination of this Agreement to the extent necessary for the intended preservation of such rights and obligations. Except or otherwise provided in Section 9 hereof, the validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of Colorado without regard to its conflicts of law principles

18.	Section Headings: The section headings in this Employment Agreement are for convenience of reference only, and they form no part of this Agreement and shall not affect its interpretation.

The parties’ authorized representatives have executed this Agreement as of the Effective Date, as defined above.

▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇▇ Universal Holdings, Inc

By: _____________________________ By: _______________________

Name: Name:

Title: Title:

Employment Agreement September 14, 2009

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