NOVATION AND SETTLEMENT AGREEMENTNovation and Settlement Agreement • November 9th, 2010 • Gulf United Energy, Inc. • Metal mining • Texas
This Novation and Settlement Agreement ("Novation"), effective for all purposes July 31, 2010, amends that certain Participation Agreement (the "Agreement") dated effective the 12th day of March, 2010 by and between Upland Oil and Gas, LLC Sucursal del Peru, a Texas limited liability company acting through its branch registered under the laws of the Republic of Peru ("Operator"), and Gulf United Energy del Peru, Ltd., a company organized and existing under the laws of the British Virgin Islands ("Gulf”). Operator and Gulf are sometimes referred to collectively as "Parties" and individually as "Party."
