Settlement and Exercise of Security Agreement Sample Contracts

SETTLEMENT AND EXERCISE OF SECURITY AGREEMENT

Settlement and Exercise of Security Agreement • December 31st, 2015 • Eagleford Energy Corp. • Oil & gas field exploration services • Ontario

• Contract Type
  Settlement and Exercise of Security Agreement
• Filed
  December 31st, 2015
• Company
  Eagleford Energy Corp.
• Industry
  Oil & gas field exploration services
• Jurisdiction
  Ontario

THIS SETTLEMENT AND EXERCISE OF SECURITY AGREEMENT ("SES Agreement") is made and entered into effective as of August 31, 2015, by and between BENCHMARK ENTERPRISES INC., a Nevis corporation (“Benchmark” or “Lender”), EAGLEFORD ENERGY CORP., (“Eagleford Energy” or “Borrower”) an Ontario, Canada corporation, and its wholly-owned subsidiary, EAGLEFORD ENERGY, ZAVALA INC., a Nevada corporation (“EEZ”). BENCHMARK, EAGLEFORD ENERGY and EEZ may be collectively referred to as the "Parties," and individually as "the" or "a" "Party."