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10.2 Employment Agreement With Imran Jattala Dated July 23, 1998. Employment Agreement if Accepted in Writing by Mr. Imran Jattala and Saba Petroleum Company (The "Company"), the Following Term and Conditions Will Govern the Continued Employment of Mr. Jattala With the Company. <page> <table> <s> <c> 1. Scope of Responsibilities and Title: A. to Carryout Duties and Responsibilities as Executive Vice President and Chief Operating Officer of the Company. B. to Carryout Duties and Responsibilities as President and Chief Operating Officer of Saba Petroleum, Inc., a Subsidiary of Saba Petroleum Company. C. 2. Employment Status: Full Time, Original Hire Date of January 1, 1992. Continuing for the Term Specified Below. 3. Location of Employment: Santa Maria, California 4. Term: Three Years Commencing From the Date of Acceptance of This Letter Agreement. 5. Compensation: A. Annual Salary : U.S. $ 72,000 to Be Paid in Equal Monthly Installments. B. Vacation and Sick Time: Whatever Is Accrued To-Date Plus Continuation With Current Company Policy. C. Salary Increases: A 10% Increase at Next Employment Anniversary Date and 5% Thereafter at Each Employment Anniversary Date. D. Other Benefits: Continued Participation in the Company401k Plan and the Company Paid Health Benefits. Other Stock Options and Bonuses as Approved by the Company. E. Company Provided Automobile. F. 6. Termination Either Party May Terminate the Employment With or Without Cause Upon 30 Days' Written Notice to the Other, and Upon Such Termination Neither Party Shall Have Any Further Rights or Obligations Hereunder; Provided, However, That Upon Termination by the Company, the Company Shall Pay All Accrued Vacation / Sick Time and as a Severance Allowance an Amount Equal to Six Months of Salary Plus One Month of Salary for Each Year of Employment With the Company. Saba Petroleum Company Accepted This Day of , 1998 Ilyas Chaudhary President & Chief Executive Office Imran U. Jattala </Table>
