ASSIGNMENT OF FARMOUT AGREEMENTAssignment of Farmout Agreement • March 16th, 2018 • Torchlight Energy Resources Inc • Crude petroleum & natural gas • Texas
THIS Assignment of Farmout Agreement (“Assignment”) is entered into on November 15, 2017, but to be effective as of October 1, 2017 (“Effective Date”) by and among Founders Oil & Gas, LLC (“Founders”) and Hudspeth Oil Corporation (“Hudspeth”), Torchlight Energy Resources (“Torchlight”) and Wolfbone Investments, LLC (“Wolfbone”) (Hudspeth, Torchlight and Wolfbone, collectively “Partners”) and Pandora Energy, LP (“Pandora”)( Pandora is a Party to this Assignment only as to Section 1.2). The companies named above and their respective successors and assigns (if any), may sometimes individually be referred to as “Party” and collectively as the “Parties.”
AGREEMENT AND PLAN OF REORGANIZATIONPlan of Merger • March 16th, 2018 • Torchlight Energy Resources Inc • Crude petroleum & natural gas • Texas
This Agreement and Plan of Reorganization (the “Agreement”) is made and entered into effective this 14th day of November, 2017 (the “Effective Date”), by and among Warwink Properties, LLC, a Texas limited liability company (the “Company”), McCabe Petroleum Corporation, a Texas corporation (the “Seller”), Torchlight Energy Resources, Inc., a Nevada corporation (the “Purchaser”), and Torchlight Wolfbone Properties, Inc., a Texas corporation (the “Merger Sub”). The Company, the Seller, the Purchaser, and the Merger Sub are sometimes hereinafter collectively referred to as the “Parties.”
PURCHASE AGREEMENTPurchase Agreement • March 16th, 2018 • Torchlight Energy Resources Inc • Crude petroleum & natural gas • Texas
This Purchase Agreement (this “Agreement”), is made and entered into this 14th day of November, 2017, by and between MCCABE PETROLEUM CORPORATION, a Texas corporation, with mailing address at 500 W. Texas Ave., Ste. 890, Midland, Texas 79701 (“MPC”) and TORCHLIGHT ENERGY, INC., a Nevada corporation, with mailing address at 5700 W. Plano Pkwy, Ste. 3600, Plano, TX 75093 (“TEI”). MPC and TEI are sometimes hereinafter referred to as the “Parties”.
