OPERATING AGREEMENTOperating Agreement • September 19th, 2011 • American Liberty Petroleum Corp. • Services-miscellaneous equipment rental & leasing • Nevada
THIS OPERATING AGREEMENT (this “Agreement”), dated as of August 2, 2011 (the “Effective Date”), is entered into by, between and among INDEPENDENCE DRILLING, LLC, a Nevada limited liability company (“Operator”), DESERT DISCOVERIES, LLC, a Nevada limited liability company (“Desert Discoveries”), EDWARD TRAUB, an individual (“Traub”), and AMERICAN LIBERTY PETROLEUM CORP., a Nevada corporation formerly known as Oreon Rental Corporation (“ALP”). Desert Discoveries, Traub and ALP are at times referred to herein singly as “Non-Operator,” and collectively as the “Non-Operators.” Operator, Desert Discoveries, Traub and ALP are at times singly referred to herein as a “Party” and collectively as the “Parties.”
