ASSET SALE AND PURCHASE AGREEMENT BETWEEN CHEVRON U.S.A. INC. AND EAST SLOPE VEDDER AREA KERN COUNTY, CALIFORNIA Effective Date: JULY 1, 2010Asset Sale and Purchase Agreement • October 15th, 2010 • Daybreak Oil & Gas Inc • Crude petroleum & natural gas • California
This ASSET SALE AND PURCHASE AGREEMENT (“Agreement”) dated 1 July 2010 is made between CHEVRON U.S.A. INC., a Pennslyvania corporation, with its principal offices at 9525 Camino Media, Bakersfield, California (“Seller”) and with its principal offices at (“Buyer”).
BILL OF SALEBill of Sale • October 15th, 2010 • Daybreak Oil & Gas Inc • Crude petroleum & natural gas
CHEVRON U.S.A. INC. (“Seller”), for good and valuable consideration, including the assumption by DAYBREAK OIL AND GAS, INC., AND SAN JOAQUIN INVESTMENTS, INC. (“Buyer”) of certain obligations and liabilities described in that certain Asset Sale and Purchase Agreement effective July 1, 2010, by and between Seller and Buyer (the “ASPA”), hereby sells and transfers, subject to said ASPA, which is incorporated herein by reference for all purposes as if set forth in its entirety, to Buyer, all of Seller’s right, title and interest in and to the personal property ("Property") currently located on the lands described in the attached Exhibit “A” (“Premises”). The current location of the Property shall be the place of delivery by Seller to Buyer.
