PLAN OF REORGANIZATION AND ASSET PURCHASE AGREEMENTPlan of Reorganization And • February 6th, 2013 • Petron Energy II, Inc. • Crude petroleum & natural gas • Texas
THIS PLAN OF REORGANIZATION AND ASSET PURCHASE AGREEMENT (the “Agreement”) is made as and effective as of the 9th day of February, 2012, except as otherwise specifically provided below in connection with the Asset Right and Liability Transfer (the “Effective Date”), by and between Petron Energy II, Inc., (formerly Restaurant Concepts of America Inc.), a Nevada corporation (the “Buyer”) and ONE Energy International Corp., a Nevada corporation (“OEI”), ONE Energy Capital Corp., a Nevada corporation (“OEC”), OEI V1 Corp., a Texas corporation (“OEI V1”), OEC Asset No. 5 Corp., a Texas corporation (“OEC No. 5”), OEC Asset 1 Corp., a Texas corporation (“OEC 1”), ONE Blocker Corp., a Texas corporation (“ONE Blocker”), (collectively, OEI, OEC, OEI V1, OEC No. 5, OEC 1, and ONE Blocker, “Sellers”). The Buyer and the Sellers are sometimes referred to collectively herein as the “Parties” and individually as a “Party.”
