LETTER AGREEMENTLetter Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Alberta
Blue Sky Resources Ltd (“BSR”), a body corporate duly incorporated under the laws of the Province of Alberta, with corporate office at Suite 300, 840 6th Avenue SW, Calgary, AB T2P 3E5, Canada,
LOAN AGREEMENTLoan Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
WHEREAS Arshad M Farooq (the “Lender”) and Petrolia Energy Corporation (the “Borrower”) wish to enter into this loan agreement (the “Loan Agreement”) which provides a loan of US $125,000 at an interest rate of 4%
DEBT TO EQUITY CONVERSION AGREEMENTDebt to Equity Conversion Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
This Debt to Equity Conversion Agreement (“Agreement”) is made effective as of March 30, 2021 (the “Effective Date”), by and between Petrolia Energy Corporation (“Petrolia”), and Mark M. Allen (referred to in this Agreement as the “Lender” solely for the purposes of this Agreement.) As used herein, Petrolia and the Lender are each individually referred to as a “Party” and collectively referred to as the “Parties”).
EXECUTIVE’S SALARY PAYABLE AGREEMENTExecutive Salary Payable Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
This Executive’s Salary Payable Agreement (the “Agreement”) is made effective as of January 11, 2021 (the “Effective Date”), by and between Petrolia Energy Corporation (“Petrolia”), and Zel Khan (referred to in this Agreement as the “Executive” solely for the purposes of this Agreement). As used herein, Petrolia and the Executive are each individually referred to as a “Party” and collectively referred to as the “Parties”).
EMPLOYMENT AGREEMENTEmployment Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
This Employment Agreement (“Agreement”), dated effective for all purposes as of September 1, 2020 (the Effective Date”), by and between PETROLIA ENERGY CORPORATION a Texas corporation whose business address is 710 N. Post Oak Blvd, Suite 512, Houston, Texas 77024 (the “Employer”), and MARK M. ALLEN, a resident of Fort Bend County, Texas, whose address is 4306 Stonecroft Circle, Katy, Texas 77450 (the “Employee”).
SETTLEMENT AND MUTUAL RELEASE AGREEMENTSettlement and Mutual Release Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
This Settlement and Mutual Release Agreement (“Agreement”) is made effective as of January 29, 2021 (the “Effective Date”), by and between Petrolia Energy Corporation (“Petrolia”), and Paul Deputy (referred to in this Agreement as “Deputy”). As used herein, Petrolia and Deputy are each individually referenced to as “Party” and collectively as the “Parties”).
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • May 27th, 2021 • Petrolia Energy Corp • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (the “Agreement”) is made and entered into effective as of August 6th, 2019 by and between Petrolia Energy Corporation, a Texas Corporation, whose mailing address is 710 N. Post Oak Rd, Suite 512, Houston, Texas 77024 (the “Seller”) and FlowTex Energy LLC., a Texas Limited Liability Company whose mailing address is 515 Congress Avenue #1790 Austin, Texas 78701 (the “Purchaser”).
