BETWEENCredit Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas • Texas
OIL AND GAS PROPERTY ACQUISITION, EXPLORATION AND DEVELOPMENT AGREEMENT THIS AGREEMENT is by and between GulfWest Energy, Inc., a Texas corporation ("GulfWest"), whose address is 480 North Sam Houston Parkway East, Suite 300, Houston, Texas 77060, and...Development Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas • Texas
AMENDED AND RESTATED CREDIT AGREEMENT Dated as of APRIL 27, 2004Credit Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas • New York
TCB Rate" means, on any day, the greater of (i) the prime rate as published in ~ Wall Street Journal's "Money Rates" table for such day or (ii) five and one- half percent (5.50%). Ifmultiple prime rates are quoted in such table, then the highest prime...First Amendment • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas • Texas
SECTION 5. Conditions Precedent. The obligation of the Lender to make each Advance hereunder is subject to the satisfaction of such conditions as the Lender may deem appropriate at such time and the receipt by the Lender of all resolutions,...Letter Loan Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas • Texas
CONSULTING AGREEMENT -------------------- AGREEMENT effective as of the 1st of June, 2002, by and between GulfWest Energy Inc., hereinafter called the Employer, and Marshall A. Smith III, hereinafter called the Consultant. 1. Employment. Employer...Consulting Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas
EMPLOYMENT AGREEMENT -------------------- AGREEMENT effective as of the 1st of October, 2001, by and between GulfWest Energy Inc., hereinafter called the Employer, and Thomas R. Kaetzer hereinafter called the Employee. 1. Employment. Employer hereby...Employment Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas
Change In Terms Agreement Borrower: Gulfwest Energy, Inc. 480 N. Sam Houston Parkway E., Suite 300 Houston, IX 77060 (TIN: 87-0444770) lender: Southwest Bank of Texas N.A. Bell Tower P.O. Box 27459 5 Post Oak Park/4400 Post Oak Parkway Houston, TX...Terms Agreement • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas
Borrower: Gulfwest Energy, Inc. 480 N. Sam Houston Parkway E., Suite 300 Houston, IX 77060 (TIN: 87-0444770) lender: Southwest Bank of Texas N.A. Bell Tower P.O. Box 27459 5 Post Oak Park/4400 Post Oak Parkway Houston, TX 77227.7459 (713) 235-8800 Principal Amount: $1,000,000.00 Initial Rate: 5.500% Date of Agreement: April 29, 2003 DESCRIPTION OF EXISTING INDEBTEDNESS. Original Promissory Note (the "Note") dated April 30, 2002 in the original principal sum of $1,000,000.00 executed by Borrower, payable to Southwest Bank of Texas N.A., as modified as applicable. .. DESCRIPTION OF CHANGE IN TERMS. The Note is being modified in accordance with the terms and provisions stated herein.PROMISE TO PAY. Gulfwest Energy, Inc. (“Borrower”) promises to pay to Southwest Bank of Texas N.A. (“lender”), or order, in lawful money of the United States of America, the principal amount of One Million & 00/100 Dollars ($1,000,000.00) or so much as may be outstanding, together with interest on the unpaid o
Article I Option To Purchase Oil and Gas LeasesOption Agreement for the Purchase • June 1st, 2004 • Gulfwest Energy Inc • Crude petroleum & natural gas
