PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • September 22nd, 2011 • Strategic American Oil Corp • Crude petroleum & natural gas • Texas
THIS PURCHASE AND SALE AGREEMENT (the “Agreement”), dated as of September 1, 2011 (the Effective Date herein), and fully executed as of this 20th day of September, 2011, is made by and among CW NAVIGATION, INC., KD NAVIGATION, INC. and KW NAVIGATION, INC., each a Texas corporation (the “Sellers”), SPE NAVIGATION I, LLC, a Nevada limited liability company (the “Company”), and STRATEGIC AMERICAN OIL CORPORATION, a Nevada corporation (“Buyer”). Sellers and the Company are sometimes referred to collectively herein as the “Seller Parties” and individually as a “Seller Party.” The Seller Parties and Buyer are sometimes referred to collectively herein as the “Parties” and individually as a “Party.”
