Pacific International Group Holdings LLC 9440 West Sahara Avenue, Suite 240 Las Vegas, NV 89117 April 21, 2011Platinum Energy Resources Inc • May 13th, 2011 • Crude petroleum & natural gas • New York
We understand that you are the registered and beneficial holder of 1,801,581 shares of Platinum Energy Resources, Inc. Common Stock, par value $0.0001 per share (“Shares”).
SETTLEMENT AGREEMENT AND RELEASESettlement Agreement • May 13th, 2011 • Platinum Energy Resources Inc • Crude petroleum & natural gas • Texas
This Settlement Agreement and Release (the “Agreement”) is signed on the date designated and is effective on January 10, 2011, among Plaintiff Arthur W. Tifford, P.A., and Arthur W. Tifford, personally, (hereinafter collectively referred to as “Tifford”); Defendants Tandem Energy Holdings, Inc. (“TEHI”) and Tandem Energy Corporation; and Todd M. Yocham, Tim G. Culp, Jack Chambers, and Michael Cunningham (hereinafter collectively referred to as “Tandem”) and Third Party Defendants, Lyle Mortensen and Aritex Consultants, Inc. (hereinafter referred to as “Third Party Defendants”).
