STOCK PURCHASE AGREEMENTStock Purchase Agreement • November 9th, 2023 • Pedevco Corp • Crude petroleum & natural gas • Texas
THIS STOCK PURCHASE AGREEMENT, dated as of November 9, 2023 (the “Agreement”), is by and among Tilloo Exploration and Production LLC. (“Buyer”), a Texas limited liability company, and Pacific Energy Development Corp., a Nevada corporation (the “Seller”).
MORTGAGEMortgage • November 9th, 2023 • Pedevco Corp • Crude petroleum & natural gas
This MORTGAGE is entered into effective as of this 9th day of November 2023, by Tilloo Exploration and Production, LLC, a Texas limited liability company (“Mortgagor”), whose address is 4622 Maple Avenue, Suite 200, Dallas Texas 75219, in favor of Pacific Energy Development Corp., a Nevada corporation (“Mortgagee”), whose address is 575 Dairy Ashford Center II, Suite 210, Houston, Texas 77079.
SECURITY AGREEMENT (Pledge of Corporate Securities)Security Agreement • November 9th, 2023 • Pedevco Corp • Crude petroleum & natural gas
WHEREAS, TILLOO EXPLORATION AND PRODUCTION, LLC, a Texas limited liability company (hereinafter referred to as “Assignor” or “Debtor”), hereby pledges and grants a security interest to PACIFIC ENERGY DEVELOPMENT CORP., a Nevada corporation, whose office is located at 575 North Dairy Ashford, Energy Center II, Suite 210, Houston, Texas 77079 (hereinafter called “Assignee” or “Secured Party”) in a security interest of first priority in all of the issued and outstanding common or preferred stock of Assignor in EOR OPERATING COMPANY;
SECURITY AGREEMENTSecurity Agreement • November 9th, 2023 • Pedevco Corp • Crude petroleum & natural gas • New Mexico
This SECURITY AGREEMENT (this "Agreement") is made and entered into effective November 9, 2023, by and between Pacific Energy Development Corp., a Nevado corporation (the "Secured Party''), and Tilloo Exploration and Production, LLC, a Texas limited liability company ("Debtor"), and is made with reference to the following facts:
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • November 9th, 2023 • Pedevco Corp • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (this “Agreement”) is made as of November 9, 2023 (the “Execution Date”) by and between Pacific Energy Development Corp., a Nevada corporation(“PEDCO”) and EOR Operating Company, a Texas corporation (“EOR,” and together with PEDCO, collectively “Seller”), and Tilloo Exploration and Production, LLC, a Texas limited liability company (“Purchaser”). Seller and Purchaser are sometimes referred to in this Agreement collectively as the “Parties” and individually as a “Party.”
