Exhibit 99.2
TERMINATION OF LEASE AGREEMENT
This Agreement is effective July 12, 2007, by and between Sovereign Oil, Inc.
("Sovereign Oil"), a Nevada corporation, and North American Refining Co. ("North
American Refining") (hereinafter referred to collectively as "parties").
WHEREAS, the parties entered into a Lease Agreement (the "Lease"), a
copy of which is attached hereto as Exhibit A," on April 19, 2007 for the lease
of certain premises located at 0000 Xxxx 00xx Xxxxxx, XxXxxx, Xxxxxxxx 00000;
WHEREAS, the parties desire to terminate said Agreement as of midnight
on July 12, 2007 and enter into a new Lease Agreement;
NOW THEREFORE, in consideration of the mutual covenants contained
herein, the parties hereto agree to the following:
1. TERMINATION. The parties agree to terminate the Lease Agreement
entered into on April 19, 2007 as of midnight on July 12, 2007.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement effective
July 12, 2007.
North American Refining Co.:
By: /s/ Xxxxxx Xxxxxxxxxxx
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Name: Xxxxxx Xxxxxxxxxxx
Title: Manager
Sovereign Oil, Inc.:
By: /s/ Xxxxxxxxx X. XxXxxx
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Name: Xxxxxxxxx X. XxXxxx
Title: President
