SALE AND PURCHASE AGREEMENTSale and Purchase Agreement • February 14th, 2006 • Texhoma Energy Inc • Crude petroleum & natural gas
This letter will confirm our agreement to sell and transfer a 5% (five percent) working interesting in the Project currently owned by Sterling Grant (the "Interest"), to Texhoma Energy, Inc. ("Texhoma"), under the following terms and conditions:
PACIFIC SPINNER LIMITED Suite 802, St. James Court, St. Dennis Street Port Louis, Mauritius ("Purchaser") and Texhoma Energy, Inc. #120-2411 Fountainview Drive Houston TX - 77057 USA ("Seller")Share Purchase Agreement • February 14th, 2006 • Texhoma Energy Inc • Crude petroleum & natural gas
Whereas the Seller owns Forty Percent (40%) of the issued and outstanding shares of Black Swan Petroleum Pty Ltd, a company incorporated in Australia, and Forty Percent (40%) of the issued and outstanding shares of Black Swan Petroleum (Thailand) Limited, a company incorporated in Thailand (the "Companies" and the "Shares"). The Seller desires to transfer the Shares of the Companies to the Purchaser pursuant to the terms of this Letter Agreement, and
