43180 Business Park Dr., Suite 202, Temecula CA 92590 909.587.9100 PH. 909.587.8866 FAC. SECURITIES PURCHASE AND SALE AGREEMENTSecurities Purchase and Sale Agreement • June 9th, 2004 • CLX Energy Inc • Crude petroleum & natural gas • Colorado
This Securities Purchase and Sale Agreement ("Agreement") is entered into this 3rd day of June 2004 by and between CLX Energy, Inc., a Colorado company ("the Company"), and the persons or entities executing this agreement as buyers (collectively the "Buyers"). WHEREAS the Company is a fully reporting OTC BB traded public company which owns certain oil and gas production assets including leases and operating equipment, in addition to other business assets including accounts receivable, furniture, office equipment, supplies and cash (collectively the "Assets"), and is indebted to several parties for various bank lines, trade and other liabilities (the "Liabilities"), and WHEREAS the Buyers collectively own or control a total of 1,592,840 shares of common stock of the Company, representing a total of 60.5% of the total outstanding common stock, and WHEREAS the Company desires to sell, and the Buyers desire to purchase the Assets in their entirety, and WHEREAS the New Managem
