NET PROFITS INTEREST AGREEMENTNet Profits Interest Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Colorado
This Net Profits Interest Agreement (this “Agreement”) dated October [●], 2021 (the “Effective Date”), is by and among Lustre Oil Company LLC, a Montana limited liability company (“Lustre”), Erehwon Oil & Gas, LLC, a Colorado limited liability company (“Erehwon” and together with Lustre, “Owners”), Olfert No. 11-4 Holdings, LLC, a Montana limited liability company (“Holdings”), and Laredo Oil, Inc., a Delaware corporation (for the limited purpose of the Payment Credit as set forth in Section 2) (“Laredo”). Lustre, Erehwon and Holdings may collectively be referred to herein as the “Parties” and each as a “Party.”
Acquisition and Participation AGREEMENT (Lustre-Midfork Prospect)Acquisition and Participation Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Acquisition and Participation Agreement (“Agreement”), dated effective as of June 3, 2021 (“Effective Date”), is between and among CAT CREEK HOLDINGS LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Operator” or “Cat Creek”), Laredo Oil, Inc., a Delaware corporation with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Laredo Oil”) and Lustre Oil Company LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Lustre Oil”) (Laredo Oil and Lustre Oil, collectively with their Representatives “Lustre”) and LARIS OIL & GAS, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Laris Oil”) and Erehwon Oil & Gas, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Erehwon Oil”), (Laris Oil and Erehwon Oil, collectively with their Repre
AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF OLFERT NO. 11-4 HOLDINGS, LLC a Montana Limited Liability Company November [•], 2021Limited Liability Company Operating Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of Olfert No. 11-4 Holdings, LLC, a Montana limited liability company (the “Company”), dated effective as of November [•], 2021 (the “Effective Date”), is adopted, executed and agreed to by Laredo Oil, Inc., a Delaware limited liability company (“Laredo”), the Company, and the Members (as defined below) that are signatories hereto or that execute an Adoption Agreement (as defined below) after the Effective Date.
FIRST AMENDMENT TO ACQUISITION AND PARTICIPATION AGREEMENTAcquisition and Participation Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This First Amendment to Acquisition and Participation Agreement (“Agreement”), dated effective as of June 3, 2021 (“Effective Date”), is between and among CAT CREEK HOLDINGS LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Operator” or “Cat Creek”), LAREDO OIL, INC., a Delaware corporation with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Laredo Oil”) and LUSTRE OIL COMPANY LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Lustre Oil”) (Laredo Oil and Lustre Oil, collectively with their Representatives “Lustre”) and LARIS OIL & GAS, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Laris Oil”) and EREHWON OIL & GAS, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Erehwon Oil”), (Laris Oil and Erehwon Oil, collective
