EXHIBIT “B”
EXHIBIT “B”
The Non-Operator has agreed to purchase from Maverick Minerals Corporation, “Maverick”, for a sum of US$150,000.00 “The Purchase Price”, a 3% “Working Interest” in Maverick’s Initial Test Well to be drilled in Fort Bend County, Texas in December of 2010 and who’s permitted name is the Xxxxxxxx Trust No.1.
The Non-Operator will be carried for a 3% Working Interest to Completion or P & A without further cost. Thereafter, the Non-Operator will be responsible for his pro-rata share of expenses for maintenance and production with the Operator. The specific terms and conditions of the operating relationship between the Operator and the Non-Operator will be the subject of the “Joint Operating Agreement” as set out in the Definition section of the Operating Agreement.