STOCK REPURCHASE AGREEMENTStock Repurchase Agreement • April 5th, 2010 • Friendly Energy Exploration • Crude petroleum & natural gas
Donald L. Trapp hereby agrees to sell to Friendly Energy Exploration and Friendly Energy Exploration agrees to purchase 950,000 preferred voting shares of Friendly Energy Exploration for a total price of $106,000. Payment is to be made to Donald L. Trapp in the form of a note with interest of 8% per annum from April 1, 2010 all due and payable in one year from this date.
STOCK REPURCHASE AGREEMENTStock Repurchase Agreement • April 5th, 2010 • Friendly Energy Exploration • Crude petroleum & natural gas
Douglas B. Tallant hereby agrees to sell to Friendly Energy Exploration and Friendly Energy Exploration agrees to purchase 350,000 preferred voting shares of Friendly Energy Exploration for a total price of $35,000. Payment is to be made to Douglas B. Tallant in the form of a note with interest of 8% per annum from April 1, 2010 all due and payable in one year from this date.
STOCK REPURCHASE AGREEMENTStock Repurchase Agreement • April 5th, 2010 • Friendly Energy Exploration • Crude petroleum & natural gas
Merus Energy Corporation hereby agrees to sell to Friendly Energy Exploration and Friendly Energy Exploration agrees to purchase 2,900,000 preferred voting shares of Friendly Energy Exploration for a total price of $301,000. Payment is to be made to Merus Energy Corporation in the form of a note with interest of 8% per annum from April 1, 2010 all due and payable in one year from this date.
