SPE Navigation 1, LLC agreement to acquire working interestSale of Working Interest Agreement • February 22nd, 2011 • Strategic American Oil Corp • Crude petroleum & natural gas
Agreement is made this 15th day of February 2011 between Strategic American Oil Corporation, hereinafter referred to as “Seller” and SPE Navigation 1, LLC and/or its assigns, hereinafter referred to as “Purchaser”, concerning the sale of working interest being acquired by Seller in the purchase of Galveston Bay Energy, LLC, which the Purchase and Sale Agreement is included here by reference. Sellers agree to sell and Purchaser agrees to purchase twenty-five percent (25%) of the working interest being acquired by Seller in the said acquisition under the following terms and conditions:
