RESIGNATION AND SETTLEMENT AGREEMENTResignation and Settlement Agreement • November 10th, 2016 • Torchlight Energy Resources Inc • Crude petroleum & natural gas
Contract Type FiledNovember 10th, 2016 Company IndustryThis Resignation and Settlement Agreement (the “Agreement”) is executed among Torchlight Energy Resources, Inc., a Nevada corporation (the “Company”), and Willard G. McAndrew III (“McAndrew”) on such date that both such parties executed the Agreement, being September 28, 2016 (the “Execution Date”), to be effective 7 days thereafter (the “Effective Date”). The Company and McAndrew are collectively referred to hereinafter as the “Parties.”