Blacksands Petroleum-Texas, LLCBlacksands Petroleum, Inc. • September 15th, 2014 • Crude petroleum & natural gas
This letter, to be effective as of March 31, 2014, constitutes the second amendment (“DA Amendment 2”) to that certain Development Agreement, dated September 3, 2013 (“Development Agreement”),by and among (i) Blacksands Petroleum-Texas, LLC, a Texas Limited Liability Company (“Blacksands”), (ii) NRG Assets Management, LLC, a Texas Limited Liability Company (“NRG”), and (iii) Adwar Drilling Fund II, L.P., a Nevada Limited Partnership (“Participant”). Blacksands, NRG and Participant may each be referred to herein as a “Party” or, collectively, as the “Parties”. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Development Agreement.
PARTICIPATION AND DEVELOPMENT AGREEMENT BETWEEN APCLARK, LLC AND ADWAR DRILLING FUND III, L.P. Dated August 9, 2014 EXHIBITS AND SCHEDULESParticipation and Development Agreement • September 15th, 2014 • Blacksands Petroleum, Inc. • Crude petroleum & natural gas
THIS PARTICIPATION AND DEVELOPMENT AGREEMENT (this “Agreement”) is effective as of this 9th day of August, 2014 (the “Effective Date”), by and between ApClark, LLC, a Delaware limited liability company (“APC”), and Adwar Drilling Fund III, L.P., a Nevada limited partnership (“Participant”). APC and Participant are sometimes referred to collectively as the “Parties” and individually as a “Party”. Capitalized terms used herein shall have the meaning ascribed to them in Article 1 of this Agreement.
