UTAH STATE MINERAL LEASE FOR BITUMINOUS – ASPHALTIC SANDSMineral Lease • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Utah
This Mining Lease and Agreement (the “Lease”) is entered into effective the 1st day of June, 2018, (the “Effective Date”), by and between the State of Utah, acting by and through the School and Institutional Trust Lands Administration, 675 East 500 South, Suite 500, Salt Lake City, Utah 84102, (hereinafter “Lessor”), and
DEBT CONVERSION AGREEMENT (United States Lender)Debt Conversion Agreement • February 11th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Ontario
WHEREAS the Subsidiary, a wholly-owned subsidiary of the Company, is indebted to the Lender in the principal amount of US$27,250.00 plus accrued and unpaid interest pursuant to a promissory note, which for greater certainty is equal to US$28,020.42 including accrued and unpaid interest up to and including May 19, 2017, attached hereto as Schedule “A” (the “Debt”);
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of November 5, 2014, between MCW Energy Group Limited, a corporation amalgamated pursuant to the laws of the Province of Ontario (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a “Purchaser” and collectively, the “Purchasers”).
PETROTEQ AND VISTON UNITED SWISS AG ENTER INTO LETTER AGREEMENT REGARDING THE VISTON TENDER OFFERLetter Agreement • July 11th, 2022 • Petroteq Energy Inc. • Drilling oil & gas wells
SHERMAN OAKS, CA and TORONTO, ON / / July 6, 2022 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV;PQE)(OTCPINK:PQEFF)(FSE:PQCF) and Viston United Swiss AG ("Viston"), acting through 2869889 Ontario Inc. (the "Offeror") wish to announce that, following a video conference call between and among Petroteq, Viston and their respective counsel on Wednesday, June 22, 2022, Petroteq, Viston and the Offeror have entered into a letter agreement as of July 5, 2022 (the "Letter Agreement") in connection with the pending offer by the Offeror to purchase all of the outstanding common shares of Petroteq (the "Offer").
FOURTH AMENDMENT TO MINING AND MINERAL LEASE AGREEMENTMining and Mineral Lease Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This FOURTH AMENDMENT TO MINING & MINERAL LEASE AGREEMENT (“Fourth Amendment”), dated and made effective as of November 21, 2018, is made and entered into by and between ASPHALT RIDGE, INC., a Utah corporation having offices at 6083 Carriage House Way, Reno, NV 89519 (“Lessor”), and TMC CAPITAL, LLC, a Utah limited liability company having offices at: c/o Petroteq Energy, Inc., 4370 Tujunga Ave Ste. #320, Studio City, CA 91604 (“Lessee”) (the parties are sometimes referred to herein individually as a “Party” or collectively as the “Parties”).
TECHNOLOGY LICENSE AGREEMENTTechnology License Agreement • December 15th, 2020 • Petroteq Energy Inc. • Drilling oil & gas wells • Utah
This TECHNOLOGY LICENSE AGREEMENT (“Agreement”), dated and made effective as of November 14, 2020 (“Effective Date”), is entered into by and between PETROTEQ ENERGY INC. a corporation organized and existing under the laws of the Province of Ontario (Canada), having offices at 15315 West Magnolia Boulevard, Suite 120, Sherman Oaks, California 91403 (“Petroteq” or “Licensor”), and GREENFIELD ENERGY, LLC, a limited liability company organized and existing under the laws of the State of Utah having offices at 21732 Provincial Boulevard, Suite 160, Katy, Texas 77450 (“Licensee”) (the parties hereto sometimes referred to individually as a “Party” or collectively as the “Parties”.
TECHNOLOGY TRANSFER AGREEMENTTechnology Transfer Agreement • February 11th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
BETWEEN: MCW Energy Group Limited (the “Company”), a corporation organized and existing under the laws of the New Brunswick of Canada.
LOAN AGREEMENT AMENDMENT NO. 2Loan Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
LOAN AGREEMENTLoan Agreement • October 11th, 2018 • Petroteq Energy Inc. • England and Wales
INDEMNITY AGREEMENTIndemnification Agreement • February 11th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Ontario
AND WHEREAS the Indemnifier desires to indemnify the Indemnified Party in certain circumstances in respect of liability which the Indemnified Party may incur as a result of such Indemnified Party acting as a director and/or officer of the Indemnifier;
AMENDED AND RESTATED DEBT CONVERSION AGREEMENTDebt Conversion Agreement • December 15th, 2020 • Petroteq Energy Inc. • Drilling oil & gas wells • Ontario
WHEREAS this Agreement amends and restates the Debt Conversion Agreement dated July 20, 2020 between Company and the Creditor.
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of December 15, 2015, between MCW Energy Group Limited, a corporation amalgamated pursuant to the laws of the Province of Ontario (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and permitted assigns, a “Purchaser” and collectively, the “Purchasers”).
FIFTH AMENDMENT TO MINING AND MINERAL LEASE AGREEMENTMining and Mineral Lease Agreement • July 5th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This FIFTH AMENDMENT TO MINING & MINERAL LEASE AGREEMENT (“Fifth Amendment”), dated and made effective as of July 1, 2019, is made and entered into by and between ASPHALT RIDGE, INC., a Utah corporation having offices at 6083 Carriage House Way, Reno, NV 89519 (“Lessor”), and TMC CAPITAL, LLC, a Utah limited liability company having offices at: c/o Petroteq Energy CA, Inc., 15165 Ventura Boulevard, Suite 200, Sherman Oaks, CA 91403 (“Lessee”) (the parties are sometimes referred to herein individually as a “Party” or collectively as the “Parties”).
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • California
WHEREAS Petroteq is a Canadian-registered holding company, publicly trading on the TSX Venture Exchange (Symbol: PQE) and the OTCQX trading platform (Symbol: PQEFF). Its offices are located in Toronto, Ontario, Canada, Los Angeles, California and its initial plant location in Vernal, Utah. Petroteq is focused on value creation through the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits;
REINSTATEMENT OF AND SECOND AMENDMENT TO MINING AND MINERAL LEASE AGREEMENTMining and Mineral Lease Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This REINSTATEMENT OF AND SECOND AMENDMENT TO MINING & MINERAL LEASE AGREEMENT (“Second Amendment”), dated and made effective as of March 1, 2016 (“Amendment Date”), is made and entered into by and between ASPHALT RIDGE, INC., a Utah corporation having offices at 6083 Carriage House Way, Reno, NV 89519 (“Lessor”), and TMC CAPITAL, LLC, a Utah limited liability company having offices at 18653 Ventura Blvd., Ste. 158, Tarzana, California 91356 (“Lessee”) (the parties are sometimes referred to herein individually as a “Party” or collectively as the “Parties”).
August 20, 2020 SHORT-TERM MINING & MINERAL SUBLEASE between VALKOR, LLC a Texas limited liability company and TMC CAPITAL, LLC a Utah Limited Liability Company Covering Property Located in Uintah County, Utah SHORT-TERM MINING & MINERAL SUBLEASE...Short-Term Mining & Mineral Sublease • December 15th, 2020 • Petroteq Energy Inc. • Drilling oil & gas wells • Utah
This SHORT-TERM MINING & MINERAL SUBLEASE (“Sublease”), dated and made effective as of 20 August 2020 (“Effective Date”), is made and entered into by and between VALKOR, LLC, a Texas limited liability company, having offices at 21732 Provincial Blvd, STE 160, Katy, TX 77450 (“Sublessor”), and TMC CAPITAL, LLC, a Utah limited liability company, having offices at 15315 W Magnolia Blvd, Suite 120, Sherman Oaks, CA 91403 (“Sublessee”) (the parties sometimes referred to individually as a “Party” or collectively as the “Parties”).
DEBT CONVERSION AGREEMENT (United States Lender)Debt Conversion Agreement • February 11th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Ontario
WHEREAS the Company is indebted to the Lender in the aggregate amount of US$249,284.76 for reimbursement of expenses of the Company paid for by the Lender (the “Debt”);
ASSIGNMENT & TRANSFER OF FEDERAL OIL & GAS LEASE AND BILL OF SALE [P.R. Springs, Utah]Assignment & Transfer of Federal Oil & Gas Lease and Bill of Sale • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This ASSIGNMENT & TRANSFER OF FEDERAL OIL & GAS LEASE AND BILL OF SALE (“Assignment”), dated and made effective as of April 1, 2019 (the “Effective Date”), is entered into by and between MOMENTUM ASSET PARTNERS I LLC, a Nevada limited liability company, having a registered office at 50 West Liberty Street, Suite 880, Reno, Nevada 89501 (“Assignor”), and TMC CAPITAL, LLC, a Utah limited liability company, having an office at 15165 Ventura Boulevard, Suite 200, Sherman Oaks, California 91403 (“Assignee”) (the parties hereto sometimes referred to individually as a “Party” or collectively as the “Parties”).
MANAGEMENT AND OPERATIONS SERVICES AGREEMENTManagement and Operations Services Agreement • December 15th, 2020 • Petroteq Energy Inc. • Drilling oil & gas wells • Utah
THIS MANAGEMENT SERVICES AND OPERATIONS AGREEMENT (“Agreement”) is entered into by and between Petroteq Energy, Inc. (“Petroteq”), an Ontario, Canada corporation with an office at 15315 West Magnolia Boulevard, Suite 120, Sherman Oaks, California 91403, and Valkor, LLC (“Valkor”), a Texas limited liability with an office at 21732 Provincial Boulevard Kat y, Texas 77450 (“Valkor”) as of May 1, 2020 (“Effective Date” ). Petroteq and Valkor may each be referred to individually as a “Party” and collectively as the “Parties” to this Agreement.
DISTRIBUTED LEDGER TECHNOLOGY SERVICES AGREEMENT [Petroteq Energy Inc.]Distributed Ledger Technology Services Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Ontario
This SUPPLY CHAIN TECHNOLOGY SERVICES AGREEMENT (“Agreement”), dated and made effective as of November 1, 2017 (“Effective Date”), is entered into by and between PETROTEQ ENERGY INC., a Canadian (Ontario) corporation, having a registered office at 181 Bay Street, Suite 4400, Toronto, Ontario, Canada M5J 2T3 (“Petroteq” or “Company”), and FIRST BITCOIN CAPITAL CORP., a Canadian (British Columbia) corporation, having a registered office at Royal Centre, Suite 1500, 1055 West Georgia Street, Vancouver, British Columbia, Canada V6E 4N7 (“First Bitcoin” or “FBCC”) (the parties hereto sometimes referred to individually as a “Party” and collectively as the “Parties”).
THIRD AMENDMENT TO MINING AND MINERAL LEASE AGREEMENTMining and Mineral Lease Agreement • October 11th, 2018 • Petroteq Energy Inc.
This THIRD AMENDMENT TO MINING & MINERAL LEASE AGREEMENT (“Third Amendment”), dated and made effective as of February 21, 2018 , is made and entered into by and between ASPHALT RIDGE, INC., a Utah corporation having offices at 6083 Carriage House Way, Reno, NV 89519 (“Lessor”), and TMC CAPITAL, LLC, a Utah limited liability company having offices at: do Petroteq Energy, Inc., 4370 Tujunga Ave Ste #320, Studio City, CA 91604 (“Lessee”) (the parties are sometimes referred to herein individually as a “Party” or collectively as the “Parties”).
ASSIGNMENT & TRANSFER OF FEDERAL OIL & GAS LEASES AND BILL OF SALE [Tar Sands Triangle, Utah]Assignment & Transfer of Federal Oil & Gas Leases and Bill of Sale • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This ASSIGNMENT & TRANSFER OF FEDERAL OIL & GAS LEASES AND BILL OF SALE (“Assignment”), dated and made effective as of April 1, 2019 (the “Effective Date”), is entered into by and between MOMENTUM ASSET PARTNERS I LLC, a Nevada limited liability company, having a registered office at 50 West Liberty Street, Suite 880, Reno, Nevada 89501 (“Assignor”), and TMC CAPITAL, LLC, a Utah limited liability company, having an office at 15165 Ventura Boulevard, Suite 200, Sherman Oaks, California 91403 (“Assignee”) (the parties hereto sometimes referred to individually as a “Party” or collectively as the “Parties”).
LOAN AGREEMENT AMENDMENT NO. 3Loan Agreement • October 11th, 2018 • Petroteq Energy Inc.
MINING AND MINERAL LEASE AGREEMENTMining and Mineral Lease Agreement • February 11th, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells • Utah
This Mining and Mineral Lease (“Lease”) Agreement, made and entered into this 1st day of July , 2013 (the effective date), is by and between ASPHALT RIDGE, INC., a Utah corporation with offices at 7350 Island Queen Drive, Reno, Nevada 89436 (“Lessor”), and TMC Capital, LLC (“Lessee”).
LOAN AGREEMENT AMENDMENT NO. 1Loan Agreement • October 11th, 2018 • Petroteq Energy Inc.
We refer to the loan agreement dated February 9, 2015 between Altlands Overseas Corp. and MCW Energy CA, Inc. (the “Agreement”). For good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties have agreed to amend the Agreement as follows (the “Amending Agreement”). Capitalized terms not otherwise defined shall have the same meaning ascribed to them in the Agreement.
FIRST AMENDMENT TO MINING & MINERAL LEASE AGREEMENTMining & Mineral Lease Agreement • May 22nd, 2019 • Petroteq Energy Inc. • Drilling oil & gas wells
This AMENDMENT TO MINING & MINERAL LEASE AGREEMENT (“Lease Amendment”), dated and made effective as of October 1, 2015 (“Amendment Date”), is made and entered into by and between ASPHALT RIDGE, INC., a Utah corporation having offices at 6083 Carriage House Way, Reno, NV 89519 (“Lessor”), and TMC CAPITAL, LLC, a Utah limited liability company having offices at 18653 Ventura Bvvd #158 Los Angeles, California 91356 (“Lessee”) (the parties sometimes referred to individually as a “Party” or collectively as the “Parties”).
