Contract
 |
000 Xxxxxxxxxxxx
Xxxxxx Xxxxx 000 Xx. Xxxxx, Xxxxx 00000 1-800-280-2404 |
December 24th, 2018
The shareholders and the Board of Directors of Frontier Oilfield Services, Inc. (the ‘Company’) hereby agree to sell all current assets and operations of the Company to Galenfeha, Inc.
In consideration for the release of all claims and liabilities shareholders have against the assets and operations of the Company, Galenfeha, Inc. will issue one share of Preferred Stock for each share of Frontier Oilfield Services, Inc. common stock.
The transaction will be effective January 1st, 2019.
/s/ Xxxx Xxxxx
Xxxx Xxxxx
Chief
Executive Officer
Galenfeha, Inc.
/s/ Xxx Xxxxxxxx
Xxx Xxxxxxxx
Chief
Executive Officer
Frontier Oilfield Services, Inc.
