Standard Contracts
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • April 27th, 2012 • Worthington Energy, Inc. • Crude petroleum & natural gas • New York
This SECURITIES PURCHASE AGREEMENT (the “Agreement”), dated as of March 5, 2012, by and between WORTHINGTON ENERGY, INC. f/k/a PAXTON ENERGY, INC., a Nevada corporation, with headquarters located at 295 Highway 50, Suite 2, Lake Village Professional Building, Stateline, NV 89449 (the “Company”), and ASHER ENTERPRISES, INC., a Delaware corporation, with its address at 1 Linden Place, Suite 207, Great Neck, NY 11021 (the “Buyer”).
WORTHINGTON ENERGY, INC. a Nevada corporation COMMON STOCK PURCHASE WARRANTWarrant Agreement • April 27th, 2012 • Worthington Energy, Inc. • Crude petroleum & natural gas
This is to certify that, for value received, What Happened (the “Holder”), whose current address is One Market Street, 34th Floor, San Francisco, CA 94105, upon due exercise of this Warrant, is entitled to purchase from WORTHINGTON ENERGY, INC., a Nevada corporation (the “Company”), all or any part of ONE HUNDRED THOUSAND (100,000) shares (“Warrant Shares”) of fully paid and non-assessable Common Stock, $0.001 par value, of the Company (“Common Stock”), at the purchase price per share of Fifteen Cents ($0.15) (the exercise price in effect being herein called the “Warrant Price”) at any time prior to 5:00 p.m. Pacific Standard Time on December 31, 2016 (the “Expiration Date”), all subject to the terms, conditions and adjustments as provided in this Warrant.
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • April 27th, 2012 • Worthington Energy, Inc. • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”), dated as of April 26, 2012 (the “Effective Date”), by and between D Bar Leasing Inc, a Texas Corporation, with its principal place of business at 6710 E. I-20, Abilene, Texas 79601, as seller (“Seller”), and Worthington Energy, Inc., a Nevada corporation, with its principal place of business at 220 Montgomery Street, No.1094, San Francisco, California 94104 (“Purchaser”):
EMPLOYMENT AGREEMENT Anthony MasonEmployment Agreement • April 27th, 2012 • Worthington Energy, Inc. • Crude petroleum & natural gas
THIS EMPLOYMENT AGREEMENT ("Agreement") is made to be effective as of the 16th day of April, 2012 (“Starting Date”) between WORTHINGTON ENERGY, INC., a Nevada corporation (“Worthington”), and ANTHONY MASON (“Employee”).
WORTHINGTON ENERGY, INC. SUBSCRIPTION AGREEMENT What HappenedSubscription Agreement • April 27th, 2012 • Worthington Energy, Inc. • Crude petroleum & natural gas
THIS SUBSCRIPTION AGREEMENT is made as of this 2nd day of March, 2012 between Worthington Energy, Inc., a Nevada corporation with its principal office located at 220 Montgomery Street, Suite 1094, San Francisco, CA 94104 (the “Company”), and What Happened (the “Subscriber”).
