Exhibit 10.3 August 29, 2007 Polaris Holdings, Inc. Suite 120, 2411 Fountainview Drive Houston TX 77057 Attention: Ingolf Grinde Dear Ingolf, Re: Acquisition & Participation Agreement Velocity Oil & Gas, Inc. (“Velocity”) and Polaris Holdings, Inc....Velocity Oil & Gas, Inc. • October 1st, 2007
Velocity Oil & Gas, Inc. (“Velocity”) and Polaris Holdings, Inc. (“Polaris”) executed the above referred Agreement on or about August 8, 2007.
Acquisition & Participation AgreementParticipation Agreement • October 1st, 2007 • Velocity Oil & Gas, Inc. • Texas
