SECOND ADDENDUM TO ASSET SALE AGREEMENT a Nevada corporation Montecito Offshore, LLCAsset Sale Agreement • May 12th, 2011 • Paxton Energy Inc • Crude petroleum & natural gas
ASSIGNMENT AND ASSUMPTION AGREEMENTAssignment and Assumption Agreement • May 12th, 2011 • Paxton Energy Inc • Crude petroleum & natural gas • Louisiana
THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (this “Agreement”) is made and entered into effective as of the ___ day of ________________ 2011 (the“Effective Date”), by and between Montecito Offshore, LLC., a Louisiana limited liability company (“Montecito”), and PaxAcq, Inc., a Louisiana corporation and a wholly-owned subsidiary of Paxton Energy, Inc. (“PaxAcq”). Paxton Energy, Inc., a Nevada corporation authorized to do business in Louisiana (“Paxton”), is entering this Agreement for the purpose of confirming that PaxAcq is acting as its designee under the Asset Sale Agreement, as further described below.
