SHARE PURCHASE AGREEMENT November 30, 2009
November
30, 2009
Pioneer Exploration Inc., a
Nevada company, of 000 Xxxx Xxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxxx, Xxxxxxx
Xxxxxxxx, X0X 0X0 (the “Seller”), will sell its
125,000 shares in the capital of Macallan Oil & Gas Inc. (the “Shares”) to Skye Capital Corporation (the
“Purchaser”), of 000
Xxxxxxxx Xxxx, Xxxxxxxxxxx, Xxxx Xxxxxx, X0X 0X0 for the purchase price of CDN$100,000 (the “Purchase Price”) effective
November 30,2009 (“Closing
Date”).
The
Purchaser will pay the Purchase Price on or before May 31, 2010. The
Purchaser is liable for payment of the Purchase Price and any costs that the
Seller incurs in trying to collect the Purchase Price.
The
Purchaser will secure its payment of the Purchase Price with a promissory note
and the Seller will retain physical possession of the Shares and be the
registered owner of the Shares until the Purchase Price is paid in
full.
If the
Purchaser sells its beneficial ownership of the Shares, the Purchaser will pay
to the Seller all of the proceeds of sale of the Shares up to the sum of the
Purchase Price.
Per:
/s/ Authorized
Signatory
Authorized
signatory
