SETTLEMENT AGREEMENTSettlement Agreement • September 17th, 2009 • Deep Well Oil & Gas Inc • Crude petroleum & natural gas • Nevada
THIS SETTLEMENT AGREEMENT (the “Agreement”) is entered into this 1st day of September, 2009 (the “Effective Date”), by and between Tamm Oil and Gas Corp. (“TAMM”), Garry Tighe, William Tighe, Sean Dickenson, John Muzzin, Guido Hilekes, Peter Schriber, Olaf Herr, Arthur Sulzer, LB (Swiss) Private Bank, Ltd. and Rahn & Bodmer Co. (fka Rahn & Bodmer Banquiers) (collectively, the “TAMM Parties”) on the one hand, and Deep Well Oil and Gas, Inc. (“DWOG”) on the other. The TAMM Parties and DWOG are each referred to as a “Party” and are collectively referred to as the “Parties.”
