ASSIGNMENT OF MEMBERSHIP INTERESTSAssignment of Membership Interests • December 24th, 2007 • Velocity Oil & Gas, Inc. • Crude petroleum & natural gas
This Assignment of Membership Interests (this “Assignment”), dated this 8th day of November, 2007, is by and between Entek USA Inc., a Delaware corporation (“Assignor”), and Velocity Oil & Gas Inc., a Nevada corporation (“Assignee”). Assignor and Assignee are collectively referred to herein as the “Parties”, and are sometimes referred to individually as a “Party.”
ASSIGNMENT OF PRODUCTION PAYMENTAssignment of Production Payment • December 24th, 2007 • Velocity Oil & Gas, Inc. • Crude petroleum & natural gas
THIS ASSIGNMENT OF PRODUCTION PAYMENT (the "Assignment"), dated this 9th day of November, 2007, is from South Marsh LLC, a Delaware limited liability company ("Assignor"), whose mailing address is 595 Howe Street, Suite 323, Vancouver, BC, Canada V6C 2T5, to Entek USA Inc., a Delaware corporation ("Assignee"), whose address is 5847 San Felipe, Suite 3275, Houston, TX 77057.
PURCHASE AND SALE AGREEMENT BY AND BETWEEN ENTEK USA INC. AS SELLER AND VELOCITY OIL & GAS INC. AS BUYER DATED NOVEMBER 8, 2007Purchase and Sale Agreement • December 24th, 2007 • Velocity Oil & Gas, Inc. • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”) is made and entered into this 8th day of November 2007, by and between Entek USA Inc., a Delaware corporation (“Seller”), and Velocity Oil & Gas Inc., a Nevada corporation (“Buyer”). Seller and Buyer are collectively referred to herein as the “Parties”, and are sometimes referred to individually as a “Party.”
AMENDMENT TO AMENDED AND RESTATED PARTICIPATION AGREEMENTParticipation Agreement • December 24th, 2007 • Velocity Oil & Gas, Inc. • Crude petroleum & natural gas
This Amendment to Amended and Restated Participation Agreement (the “Agreement”) is made and entered into this 28th day of September, 2007, by and between Ridgelake Energy, Inc. a Louisiana corporation, whose mailing address is 3636 N. Causeway Blvd., Metairie, LA 70002-7216, sometimes hereinafter referred to as "Ridgelake", GulfX, LLC, a Delaware limited liability company, whose mailing address is 15 Rheola Street, West Perth, Western Australia 6005, Australia, sometimes hereinafter referred to as “GulfX,” and South Marsh LLC, a Delaware limited liability company, whose mailing address is 15 Rheola Street, West Perth, Western Australia 6005, Australia, sometimes hereinafter referred to as “South Marsh.” GulfX and South Marsh are sometimes individually referred to herein as a “Participant” and collectively as the “Participants.” Ridgelake, GulfX and South Marsh are sometimes individually referred to herein as a “Party” or collectively as the “Parties.”
AMENDED AND RESTATED PARTICIPATION AGREEMENTParticipation Agreement • December 24th, 2007 • Velocity Oil & Gas, Inc. • Crude petroleum & natural gas • Louisiana
This Amended and Restated Participation Agreement (the “Agreement”) is made and entered into as of this 8th day of December, 2006, by and between Ridgelake Energy, Inc., a Louisiana corporation, whose mailing address is 3636 N. Causeway Blvd., Suite 300, Metairie, Louisiana 70002-7216, sometimes hereinafter referred to as “Ridgelake,” GulfX, LLC, a Delaware limited liability company, whose mailing address is 15 Rheola Street, West Perth, Western Australia 6005, Australia, sometimes hereinafter referred to as “GulfX,” and South Marsh LLC, a Delaware limited liability company, whose mailing address is 15 Rheola Street, West Perth, Western Australia 6005, Australia, sometimes hereinafter referred to as “South Marsh.” GulfX and South Marsh are sometimes individually referred to herein as a “Participant” and collectively as the “Participants.” Ridgelake, GulfX, and South Marsh are sometimes individually referred to herein as a “Party” or collectively as the “Parties.”
