Farm-in Letter Agreement (“Agreement”) Between: Unitech Energy Resources Inc. An Alberta, Canada corporation (“URX”) -and- Octagon 88 Resources, Inc. A Nevada corporation (“Octagon”) (hereinafter collectively referred to as the “Parties”)Farm-in Agreement • September 18th, 2008 • Octagon 88 Resources, Inc. • Alberta
Whereas the Parties wish to form a business relationship that contemplates the exploration for, and production of, hydrocarbons from Alberta petroleum and natural gas lease #050606526, (the “Lease”), which Lease is held by URX and comprises approximately 640 acres of land with petroleum and natural gas exploitation rights from the surface to the base of the Viking formation, and which Lease is located in central Alberta, Canada, at section 14, Township 58, Range 13, W5 which is approximately 130 miles northwest of Edmonton, Alberta in the area known as “Goodwin”, the Parties hereby agree as follows:
