AMENDMENT NO. 1 TO STOCK OPTION AGREEMENTStock Option Agreement • August 1st, 2008 • Sulphco Inc • Oil & gas field services, nec
This Amendment No. 1 made as of July 9, 2008 relates to the Stock Option Agreement entered into as of February 12, 2008, by and among Iroquois Master Fund Ltd. and Ellis Capital LP as Optionees and Rudolf and Doris Gunnerman as Stockholders.
SECOND AMENDMENT TO STOCK PURCHASE AGREEMENTStock Purchase Agreement • August 1st, 2008 • Sulphco Inc • Oil & gas field services, nec
This Second Amendment made as of July 9, 2008 relates to the Stock Purchase Agreement entered into as of February 12, 2008, by and among Iroquois Master Fund, Ltd. and Ellis Capital LP (“Buyers”) and Rudolf and Doris Gunnerman (“Gunnerman”) as amended pursuant to written agreement dated as of April 18, 2008.
Development and Manufacturing AgreementDevelopment and Manufacturing Agreement • August 1st, 2008 • Sulphco Inc • Oil & gas field services, nec • Texas
SulphCo is engaged in the business of commercializing its patented and proprietary SonocrackingTM process. The SonocrackingTM process is designed to use high power ultrasound to modify the composition and structure of crude oil derived from any source (e.g.,normal crude oil production, tar sands, shale, etc.) and/or crude oil fractions (e.g., diesel, kerosene, etc.), including, without limitation, the upgrading of crude oil and fractions thereof by lowering the density, lowering the viscosity and reducing the sulfur-containing, nitrogen-containing, acid-containing and other undesirable components of crude oil and its fractions. Among the benefits of this upgrading of crude oil is the transformation of sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel. For purposes of this Agreement, SulphCo’s“Primary Field of Business” shall include (i) the foregoing applications, together with any future benefits yet to be discovered that may be derive
AMENDMENT TO STOCK PURCHASE AGREEMENTSStock Purchase Agreement • August 1st, 2008 • Sulphco Inc • Oil & gas field services, nec
This Amendment made as of April 18, 2008 relates to the Stock Purchase Agreements entered into as of February 12, 2008, by and among Iroquois Master Fund Ltd. and Ellis Capital LLC (“Buyers”) and Rudolf and Doris Gunnerman (“Gunnerman”).
CONFIDENTIAL SETTLEMENT AGREEMENT AND RELEASE WITH RESERVATION OF RIGHTSSettlement Agreement • August 1st, 2008 • Sulphco Inc • Oil & gas field services, nec • Nevada
This Settlement Agreement and Release with Reservation of Rights (“Settlement Agreement”), is made and entered into as of July 9, 2008, by and between Mark Neuhaus (“Neuhaus”), and SulphCo, Inc., a Nevada corporation (“SulphCo”). Neuhaus and SulphCo are referred to herein collectively as the “Parties.”
