JOINT VENTURE CONTRACT AND OPERATING AGREEMENT WASHOM II LEASE PROJECT ROGERS COUNTY, OKLAHOMAJoint Venture Contract • July 29th, 2010 • Aurum Resources Corp. • Drilling oil & gas wells • Oklahoma
This Joint Venture Contract and its attached Exhibit “A”, along with the Project Operating Agreement attached as Exhibit “B”, set forth the terms and conditions for development and operation of the Washom II lease located in Rogers County, Oklahoma and consisting of 80 acres+/-. The attached Exhibit “A” sets forth the working interest percentages of the joint venture and the financial terms for the development. The attached Exhibit “B” sets forth the operating agreement under which the joint venture will conduct business once the development portion of the joint venture covered by Exhibit “A” is completed.
