0001096906-11-000683 Sample Contracts

FIRST ADDENDUM TO ASSET SALE AGREEMENT a Nevada corporation Montecito Offshore, LLC
Asset Sale Agreement • April 11th, 2011 • Paxton Energy Inc • Crude petroleum & natural gas

This First Addendum to Asset Sale Agreement (the “Addendum”) is executed to be effective as of April ___, 2011 by and between Paxton Energy, Inc. a Nevada corporation (“Buyer”), whose principal office is located at 295 Highway 50, Suite 2, Lake Village Professional Building, Stateline, NV 89449 (Mailing Address: P.O. Box 1148 Zephyr Cove, NV89448-1148) and Montecito Offshore, L.L.C., a Louisiana limited liability company (“Seller”), whose mailing address is 909 Poydras Street, Ste 2200, New Orleans, LA 70112.

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