July 11, 2007Oil and Gas Lease Agreement • August 1st, 2007 • Tatonka Oil & Gas, Inc. • Metal mining • Colorado
By virtue of that certain letter agreement with American Oil and Gas, Inc. (“AOGI”), dated July 22, 2005, as amended by a letter agreement dated July 14, 2006 (as amended, the “AOGI Agreement”) attached hereto as Exhibit “A,” Tatonka Oil and Gas, Inc. (“Tatonka”) is the owner of interests in certain oil and gas leases described on Exhibit “B” attached hereto (collectively, the “Leases”) covering or affecting the lands described in Exhibit “B” (collectively, the “Lands”). Clarion Finance Pte Ltd. (the “Company”) wishes to acquire a portion of Tatonka’s interest in the Leases and Lands, and to participate with Tatonka and with AOGI and North Finn, LLC (“North Finn”) in the exploration and development of the Leases and Lands. This letter agreement (this “Agreement”), when executed by the Company, shall evidence the agreement between the parties by which the Company shall acquire from Tatonka the right to earn 50% of the interests owned by Tatonka in the Leases and Lands, subject to the te
