PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • July 3rd, 2008 • Gulf Onshore, Inc. • Non-operating establishments • Texas
This Purchase and Sale Agreement (this “Agreement”) dated June 19, 2008, by and between ROBOCO ENERGY, INC., a Texas corporation (“Seller”), and GULF ONSHORE, INC., a Nevada corporation (“Buyer”). This Agreement shall be effective as of September 1, 2008, so that any gross revenues from production of oil, gas or other hydrocarbons from the Properties, as described herein, and any expenses due from the operation of any Wells, as described herein, including disposal fees or expenses, shall be the property or obligation of Buyer.
