Worthington Energy, Inc. (fka WGASQ)

[molecularcd]

Friendly reminder to all us WGAS Superfans

Be nice to Mason AND Volk.

Effective April 26, 2012, the Company entered into an employment agreement (the “Mason Agreement”) with Anthony Mason to serve as Chief Executive Officer and President.  The Mason Agreement has an initial term until December 31, 2015, and automatically renews for additional one year terms unless either party provides 60 days prior written notice of such party’s intention to terminate the Mason Agreement.  The Company may terminate the Mason Agreement (i) at any time for cause or (ii) upon six months prior written notice without cause and a severance payment of one year of base salary.  Mr. Mason may terminate the Mason Agreement at any time upon four months prior written notice.