BUSINESS LOAN AGREEMENTBusiness Loan Agreement • August 19th, 2008 • Mining Oil, Inc. • Crude petroleum & natural gas • Texas
THIS BUSINESS LOAN AGREEMENT dated May 22, 2008, is made and executed between MINING OIL INC (“Borrower”) and Vista Bank Texas (“Lender”) on the following terms and conditions. Borrower has received prior commercial loans from Lender or has applied to Lender for a commercial loan or loans or other financial accommodations, including those which may be described on any exhibit or schedule attached to this Agreement. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower’s representations, warranties, and agreements as set forth in this Agreement; (B) the granting, renewing, or extending of any Loan by Lender at all times shall be subject to Lender’s sole judgment and discretion; and (C) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
EMPLOYMENT AGREEMENT (George R. Koo)Employment Agreement • April 15th, 2008 • Mining Oil, Inc. • Texas
This Employment Agreement is effective July 1, 2007, by and between Mining Oil, Inc., a Texas corporation, with its principal place of business at 1001 Fannin, Suite 270, Houston, Texas (hereinafter referred to as the “Company”), and George R. Koo (hereinafter referred to as “Employee”), who’s business address is 1001 Fannin, Suite 270, Houston, Texas, 77002.
