February 14, 2012 Jerry G. Mikolajczyk Riverside Center
Exhibit 10.2
February 14, 2012
Xxxxx X. Xxxxxxxxxxx
Riverside Center
000 Xxxxxxxxx Xxxx Xxxxx
Xxxxx 000
Xxxxxxxxxxxx, XX 00000
XXXX OF SALE
This Xxxx of Sale confirms the agreement between Xxxxx X. Xxxxxxxxxxx, a resident of the State of Florida ("XXXXXXXXXXX") and XUN ENERGY, INC., a Nevada corporation ("XUN"). In this Xxxx of Sale, XUN and MIKOLAJCZYK are sometimes collectively called the "Parties,"
WHEREAS, Xxxxx Xxxxx and Xxxxx X. Xxxxxxxxxxx were issued all common and/or preferred shares Xxxxxxxx Energy Corporation.
1. THE TRANSACTION
a.
Basic Transaction
As consideration for One dollar ($1.00), XXXXXXXXXXX sells and/or assigns 100% of all of his rights, title and interest in Common Voting Shares of Xxxxxxxx Energy Corporation ("Xxxxxxxx") to XUN ("XXXXXXXXXXX'x Interests").
b.
Conditions Precedent
i.
XUN OIL CORPORATION acquires the producing West Xxxxxxxx Oil and Gas leases based in Xxxxxxxx County, Texas with a total acreage of 2,320.5 acres, more or less, with 100% Working Interest, 75% Net Revenue Interest;
ii.
XUN OIL CORPORATION, as a minimum, secured financing of $5 million to complete a 10 well drilling and development program on the West Xxxxxxxx Oil and Gas Leases.
XUN ENERGY, INC
/s/ Xxxxx X. Grapes________________
Xxxxx X. Grapes
Its: Director
Duly executed and agreed as to the Binding Provisions on February 14, 2012.
XXXXX X. XXXXXXXXXXX
/s/ Xxxxx X. Mikolajczyk____________
Xxxxx X. Xxxxxxxxxxx