SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • August 22nd, 2011 • Us Natural Gas Corp • Crude petroleum & natural gas • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of August 5, 2011, by and between US NATURAL GAS CORP., a Florida corporation, with headquarters located at 1717 Dr. Martin Luther King, Jr. Drive North, St. Petersburg, Florida 33704 (the “Company”), and ASHER ENTERPRISES, INC., a Delaware corporation, with its address at 1 Linden Place, Suite 207, Great Neck, NY 11021 (the “Buyer”).
ContractWarrant Agreement • August 22nd, 2011 • Us Natural Gas Corp • Crude petroleum & natural gas • Florida
THIS WARRANT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR REGISTERED OR QUALIFIED UNDER THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH RESPECT TO THIS WARRANT UNDER SUCH ACT AND REGISTRATION OR QUALIFICATION UNDER ANY AND ALL APPLICABLE STATE SECURITIES LAWS OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION OR QUALIFICATION IS NOT REQUIRED.
CONVERTIBLE NOTEConvertible Note • August 22nd, 2011 • Us Natural Gas Corp • Crude petroleum & natural gas
FOR VALUE RECEIVED, US Natural Gas Corp a Florida corporation with offices at 1717 Dr. Martin Luther King Jr. St. N, St. Petersburg, Florida 33704 (hereinafter referred to as the “Payor” or the “Company”), agrees to pay to the order of Tangiers Investors, LP, a Delaware limited partnership with offices at 402 W Broadway Ste. 400 San Diego, California 92101 (hereinafter referred to as the “Payee” or “Tangiers”), on the Maturity Date set forth in Article “3” of this Convertible Note (the “Note”), unless earlier accelerated in accordance with the terms of this Note, the principal sum of fifteen thousand dollars ($15,000) with interest on the aforesaid amount as set forth in Article “2” of this Note.
ASSET PURCHASE AGREEMENTAsset Purchase Agreement • August 22nd, 2011 • Us Natural Gas Corp • Crude petroleum & natural gas • Kentucky
THIS ASSET PURCHASE AGREEMENT (this “Agreement”) is made as of the 16th day of May, 2011 (the “Effective Date”) by and among Madison Brothers Investments, LLC, (“Madison”) a Kentucky limited liability company (the “Seller”) and US Natural Gas Corp, (“USNG”) a Florida for profit corporation (the “Buyer”).
