Pacific Energy Development Corp Sample Clauses

Pacific Energy Development Corp. By: /s/ Xxxxx X. Xxxxxxxxxx Xxxxx X. Xxxxxxxxxx Chief Executive Officer ACCEPTED AND AGREED this 10th day of February, 2012 Sellers Excellong, Inc. By: /s/ Yng-Jou Xxx Xxxxx /s/ Yng-Jou Xxx Xxxxx Y. Xxx Xxxxx Yng-Jou Xxx Xxxxx Shareholder Representative President Schedule 8(f) Preferential Rights to Purchase, Options to Purchase, Area of Mutual Interest Agreements, Consents to Assign and Confidentiality Agreements

Pacific Energy Development Corp a company incorporated under the laws of the State of Nevada and having its registered office at 0000, Xxxxxxxxx Xxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, the United States of America (“PEDCO”). The Company, Sixth Energy and PEDCO are hereinafter referred to collectively as the “Parties” and each individually as a “Party”).

Pacific Energy Development Corp. By: /s/ Xxxxx X. Xxxxxxxxxx Xxxxx X. Xxxxxxxxxx Chief Executive Officer ACCEPTED AND AGREED this ­­­29th day of February, 2012 SELLERS EXCELLONG, INC. By: /s/ Yng-Jou Xxx Xxxxx By: /s/ Yng-Jou Xxx Xxxxx Y. Xxx Xxxxx Yng-Jou Xxx Xxxxx Shareholder Representative President

Pacific Energy Development Corp. (“PEDCO”), a privately-held oil and gas company engaged in the acquisition and development of energy projects in the U.S. and Pacific Rim countries, and Blast Energy Services, Inc. (“Blast”) (OTCBB:BESV), a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and the development and commercialization of a patented applied fluid jetting down-hole stimulation technology, today announced that they have signed a definitive Agreement and Plan of Reorganization (the “Merger Agreement”). Under the Merger Agreement, PEDCO will merge (the “Merger”) into a wholly-owned subsidiary of Blast and PEDCO will remain as the surviving company and wholly-owned subsidiary of Blast, which will change its name to “PEDEVCO Corp.” In connection with the Merger, Blast will be required to convert all of its existing preferred stock into common stock and consummate a reverse stock split resulting in no more than 2,400,000 shares of its common stock remaining issued and outstanding on a fully-diluted basis prior to the Merger effective date, subject to downward adjustment in the event Blast does not reimburse PEDCO for certain of Blast’s transaction-related fees and expenses currently being funded by PEDCO. As a result of the Merger, PEDCO stockholders will receive one

Pacific Energy Development Corp is a privately-held energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas, in the United States and Pacific Rim countries. The company’s portfolio includes interests and operatorship of 7,450 net acres located in the Niobrara shale formation in Colorado, and a joint venture interest in a Rare Earth minerals manufacturing plant in China, and is currently under a binding contract to acquire an approximate 8% working interest in producing oil and gas leases covering 1,650 net acres in the Leighton Eagle Ford Shale formation in XxXxxxxx County, Texas. The company was founded in early 2011 by a group of former senior executives from Texaco, Inc. and CAMAC Energy Inc. (formerly Pacific Asia Petroleum, Inc.), and is led by its President and CEO Xxxxx X. Xxxxxxxxxx.

Pacific Energy Development Corp is headquartered in Danville, California, and also has an office in Beijing, China. About Blast Energy Services, Inc. Blast Energy Services, Inc. (OTCBB: BESV) is a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and also the development and commercialization of a patented applied fluid jetting down- hole stimulation technology. Photos/Multimedia Gallery Available: xxxx://xxx.xxxxxxxxxxxx.xxx/cgi-bin/mmg.cgi? eid=50139985&lang=en Liviakis Financial Communications, Inc., for Pacific Energy Development 000-000-0000 (Investor Relations) xxxx@xxxxxxxx.xxx or Blast Energy Services, Inc. Xxxx XxxXxxxxx, 000-000-0000 / 000-000-0000 xxxxxxxxxx@xxxxx-xx.xxx

Pacific Energy Development Corp. By: /s/Xxxxx X. Xxxxxxxxxx Name: Xxxxx X. Xxxxxxxxxx Title: Chief Executive Officer ASSIGNEE: Condor Energy Technology LLC By: /s/Xxxxxxx X. Xxxxxxxx Name: Xxxxxxx X. Xxxxxxxx Title: President and CFO ACKNOWLEDGMENTS STATE OF CA § § COUNTY OF Contra Costa § This instrument was acknowledged before me this 18 day of February 2015, by Xxxxx X. Xxxxxxxxxx, known to me to be the ____________ of Pacific Energy Development Corp., who affirmed that the foregoing instrument was signed on behalf of the company and that the execution of this instrument was the free act and deed of the company. /s/Xxxxxxxxx Xxxxxxxx Notary Public in and for the State of CA STATE OF CA § § COUNTY OF Contra Costa § This instrument was acknowledged before me this 18 day of February 2015, by Xxxxxxx X. Xxxxxxxx, known to me to be the ____________ of Condor Energy Technology LLC, who affirmed that the foregoing instrument was signed on behalf of the company and that the execution of this instrument was the free act and deed of the company. /s/Xxxxxxxxx Xxxxxxxx Notary Public in and for the State of CA EXHIBIT A

Pacific Energy Development Corp by ) /s/ Xxxxx Xxxxx its director/authorized representative ) in the presence of : /s/ Xxxxxxxxx Xxxxxxxx ) Annexure 1 The form of the PEDCO Promissory Note PROMISSORY NOTE Principal Amount: US$5,000,000 Hong Kong Date: __________________ FOR VALUE RECEIVED We, ASIA SIXTH ENERGY RESOURCES LIMITED, a company with limited liability under the laws of the British Virgin Islands, having its registered address at Kingston Xxxxxxxx, P.O. Box 173, Road Town, Tortola, British Virgin Islands (“Asia Sixth”), hereby unconditionally and irrevocably promise to pay to PACIFIC ENERGY DEVELOPMENT CORP., a company existing under the laws of the State of Nevada, United States of America, having its address at 0000 Xxxxxxxxx Xxxxx Xxxxxx, Xxxxx 000, Xxxxxxxx, XX 00000, Xxxxxx Xxxxxx of America (the “Beneficiary” which term shall include its successors, transferees and assigns) or to its order the principal sum of US$5,000,000 (United States Dollars Five Million) and such amount as represents interest on the said principal sum from the Maturity Date (such term as defined below) until such principal sum shall be paid in full. The outstanding principal balance of this promissory note shall be due and payable upon the termination of the Caspian SPA (such term as defined below) (the “Maturity Date”). In the event that the outstanding principal amount due under this promissory note is not paid on or before the Maturity Date, interest on the said principal amount shall accrue daily, in arrears, at an annual rate of 10%, to be compounded annually, and shall be payable on the first business day of each month, commencing from the first business day of the first month following the Maturity Date. All sums payable under this promissory note shall be paid in full in United States dollars in immediately available funds without set-off or counterclaim for any reason whatsoever and without deduction of or withholding for or on account of any present or future taxes duties levies imposts or charges of any nature whatsoever, except to the extent that any such deduction or withholding is required to be made under the laws of Hong Kong Special Administrative Region of the People's Republic of China (“Hong Kong”). Each maker, endorser and guarantor of this promissory note hereby waives presentment for payment, notice of dishonour, protest and notice of protest. The Beneficiary may freely transfer and/or assign all or any part of this promissory note and the rights, interest and benefit of the Ben...

Pacific Energy Development Corp is a privately-held energy company engaged in the acquisition and development of strategic, high growth energy projects, including shale oil and gas, in the United States and Pacific Rim countries. The company’s portfolio includes interests and operatorship of 7,450 net acres located in the Niobrara shale formation in Colorado, and a joint venture interest in a Rare Earth minerals manufacturing plant in China, and is currently under a binding contract to acquire an approximate 8% working interest in producing oil and gas leases covering 1,650 net acres in the Leighton Eagle Ford Shale formation in XxXxxxxx County, Texas. The company was founded in early 2011 by a group of former senior executives from Texaco, Inc. and CAMAC Energy Inc. (formerly Pacific Asia Petroleum, Inc.), and is led by its President and CEO Xxxxx X. Xxxxxxxxxx. Pacific Energy Development Corp. is headquartered in Danville, California, and also has an office in Beijing, China. About Blast Energy Services, Inc. Blast Energy Services, Inc. (OTCBB: BESV) is a U.S. publicly-traded operating oil and gas company engaged in the exploration and production of petroleum resources in the U.S. and also the development and commercialization of a patented applied fluid jetting down-hole stimulation technology. PEDCO IR Contact: Liviakis Financial Communications, Inc. xxxx@xxxxxxxx.xxx (000) 000-0000 Blast Contact: Blast Energy Services, Inc. Xxxx XxxXxxxxx xxxxxxxxxx@xxxxx-xx.xxx (000) 000-0000 or (000) 000-0000