PURCHASE AND SALE AGREEMENT Brea Oil Company, Brea Properties, Inc., Kurt Sickles, GERALDINE M. BARKER, AS TRUSTEE OF THE BARKER BYPASS TRUST UNDER THE BARKER TRUST, dated january 21, 1999, GERALDINE M. BARKER AND ALEXANDER W. BARKER, AS CO-TRUSTEES...Purchase and Sale Agreement • January 10th, 2006 • Tri Valley Corp • Crude petroleum & natural gas • California
THIS PURCHASE AND SALE AGREEMENT is made as of December ___, 2005, by and between BREA OIL COMPANY, a Delaware corporation ("Brea Oil", sometimes known as "Brea Oil Company, Inc."), BREA PROPERTIES, INC., a California corporation ("Brea Properties"), KURT SICKLES ("Sickles"), GERALDINE M. BARKER, AS TRUSTEE OF THE BARKER BYPASS TRUST UNDER THE BARKER TRUST, DATED JANUARY 21, 1999 ("Bypass Trust"), and GERALDINE M. BARKER AND ALEXANDER W. BARKER, AS CO-TRUSTEES OF THE BARKER TRUST, DATED JANUARY 21, 1999 ("Barker Trust") with Brea Oil, Brea Properties, Sickles, the Bypass Trust and the Barker Trust hereinafter referred to collectively and individually as the "Seller", on one hand, and TRI-VALLEY OIL & GAS CO., a Delaware corporation ("Purchaser"), on the other hand.
