AGREEMENT OF MERGERMerger Agreement • May 2nd, 2011 • Paxton Energy Inc • Crude petroleum & natural gas • Nevada
THIS AGREEMENT is entered into to be effective as of the 29th day of April, 2011 (the “Effective Date”) by and among Paxton Energy, Inc., a Nevada corporation (“Paxton”), PaxAcq Inc., a wholly owned subsidiary of Paxton formed under the laws of the State of Louisiana (“PaxAcq”), Virgin Oil Company, Inc., a Louisiana corporation (“Virgin”), and Virgin Offshore U.S.A., Inc., a Delaware corporation wholly owned by Virgin (“Offshore”). VOC and Offshore are collectively called the “Virgin Group.”
