STRICT FORECLOSURE AGREEMENTStrict Foreclosure Agreement • December 21st, 2007 • Maverick Oil & Gas, Inc. • Crude petroleum & natural gas • New York
This STRICT FORECLOSURE AGREEMENT (the "Agreement") is entered into as of December 17, 2007, among (i) Maverick Oil and Gas, Inc. ("Debtor"); (ii) Kings Road Holdings X Ltd. ("Kings Road"); (iii) Castlerigg Master Investments Limited ("Castlerigg", and together with Kings Road, the "Initial Purchasers"); and (iv) Fayetville JV I LLC ("FYI") and Fayetville JV II LLC ("FYII" together with FYI the "Secured Parties"). The Debtor, Kings Road, Castlerigg, and the Secured Parties shall each be referred to herein as a "Party," and collectively as the "Parties."
