STOCK REPURCHASE AGREEMENT
Exhibit 10.03
Merus Energy Corporation hereby agrees to sell to Friendly Energy Exploration and Friendly Energy Exploration agrees to purchase 2,900,000 preferred voting shares of Friendly Energy Exploration for a total price of $301,000. Payment is to be made to Merus Energy Corporation in the form of a note with interest of 8% per annum from April 1, 2010 all due and payable in one year from this date.
Agreed this 31st day of March 2010.
MERUS ENERGY CORP.
/s/ Xxxx Tallant___________
/s/ Xxxxxx Trapp__________
By: Xxxx Xxxxxxx, President
By: Xxxxxx X. Xxxxx, Chief Financial Officer
