SETTLEMENT AGREEMENT AND MUTUAL RELEASESettlement Agreement And • December 6th, 2007 • Texhoma Energy Inc • Crude petroleum & natural gas • Texas
This Settlement Agreement and Mutual Release (this “Agreement” or “Mutual Release”) entered into on November __, 2007, is by and between Texhoma Energy, Inc., a Nevada Corporation (“Texhoma,” and unless otherwise stated, the defined term Texhoma shall include any and all subsidiaries of Texhoma, including Texaurus Energy, Inc., a Delaware corporation) and Frank A. Jacobs, an individual (“Jacobs”) and Jacobs Oil & Gas Limited, a British Columbia corporation (“JOGL,” and collectively with Jacobs, the “Jacobs Parties”), Clover Capital, (“Clover”), Capersia Pte. Ltd., a Singapore company (“Capersia”), Peter Wilson, an individual (“Wilson”), and Sterling Grant Capital, Inc. a BC corporation (“SGC”) (collectively, Clover, Capersia, Wilson and SGC, the “Non- Jacobs Parties,” and with the Jacobs Parties (the “Interested Parties”, and individually, an “Interested Party”), each sometimes referred to herein as a “Party,” and collectively referred to herein as the “Parties.”
