TERMINATION AGREEMENT (Technical Services Agreement)
Exhibit 10.15
(Technical Services Agreement)
THIS AGREEMENT made effective as of the 1st day of January, 2006
AMONG:
JMG EXPLORATION, INC., a corporation having an office in Calgary, Alberta (“JMG”) |
OF THE FIRST PART
- and -
XXX OIL INC., a corporation having an office in Calgary, Alberta (“XXX”) |
OF THE SECOND PART
WHEREAS:
A. | The parties are the parties to the Technical Services Agreement dated effective January 1, 2004 between JMG and XXX; and | |
B. | the parties desire to enter into this Termination Agreement to provide for the termination of such agreement; |
NOW THEREFORE for consideration of $10.00 paid by each party to each other party and other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties
agree as follows:
1. | Termination of Agreement |
JMG and XXX hereby agree that the Technical Services Agreement dated effective January 1, 2004 be
terminated effective January 1, 2006.
2. | Enurement |
This Agreement shall enure to the benefit of and be binding upon the parties hereto, their
respective successors at law and permitted assigns.
IN WITNESS WHEREOF the parties have executed and delivered this Agreement effective as of the date
first written above.
JMG EXPLORATION, INC. | XXX OIL INC. | |||||||
Per:
|
/s/ Xxxxxx X. Xxxxxxx | Per: | /s/ Xxxxxx X. Xxxxxxxx | |||||
Xxxxxx X. Xxxxxxx, President/CEO | Xxxxxx X. Xxxxxxxx, CEO | |||||||
Per:
|
/s/ Xxxxxx X. Xxxxxxxx | Per: | /s/ Xxxxx X. Xxxxxxx | |||||
Xxxxxx X. Xxxxxxxx, CFO | Xxxxx X. Xxxxxxx, Secretary/CFO |