QUITCLAIM, RELEASE AND ASSUMPTION AGREEMENTQuitclaim, Release and Assumption Agreement • February 14th, 2002 • Nation Energy Inc • Oil & gas field exploration services
This Quitclaim, Release and Assumption Agreement (this "Agreement") dated as of December 6 , 2001, is among NATION ENERGY, INC., a Delaware corporation. ("Nation"), Suite 1320, 925 W. Georgia Street, Vancouver, BC V6C 3L2; VRD, INC., a Texas corporation ("VRD"), P.O. Box 469 Abilene, Texas 79604; and SAURUS RESOURCES INCORPORATED, a Texas corporation ("Saurus"), P.O. Box 373, Teton Village, Wyoming 80325.
PARTICIPATION AGREEMENT SMOKY AREA, ALBERTAParticipation Agreement • February 14th, 2002 • Nation Energy Inc • Oil & gas field exploration services
WHEREAS Olympia Energy Inc. entered into a Farmin Agreement with AEC Oil & Gas ("AEC") dated the 4th day of October, 2001 a Farmin Agreement with Renata Resources Inc. ("Renata") dated the 10th day of October, 2001, and a Pooling and Participation Agreement with Birchill Resource Limited and Norglen Energy Corporation dated the 22nd day of October 2001 copies of which are attached hereto as Schedule "A" (hereinafter called the "Farmin Agreement") wherein AEC and Renata, (collectively "Farmor") gave Olympia the right to earn an interest in certain lands; and
