STOCK FOR STOCK EQUIVALENT EXCHANGE AGREEMENT AND PLANStock for Stock Equivalent Exchange • December 15th, 2006 • Croff Enterprises Inc • Crude petroleum & natural gas • Utah
THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is entered into in multiple parts on this 12th day of December, 2006 by and among Croff Enterprises, Inc., a Utah public corporation (“Croff”), with Taiyuan Rongan Business Trading Company Limited, (“TRBT”), a Chinese private company with an Operating License within the People’s Republic of China (“China”) duly issued to Mr. Aizhong An as the “Authorized Representative” all the current TRBT Capital Contributors identified in Schedule “A” (“TRBT Capital Contributors”, or “TRBT” shareholders), and Gerald L. Jensen, C.S. Finance, LLC, a Colorado Limited Liability Company and Jensen Development Company, a Colorado corporation ( collectively “Croff Principals”). When all of the foregoing parties are collectively referred to in this Agreement they shall sometimes be designated as the “Parties”. Whenever this Agreement refers only to the Croff and the TRBT Shareholders, they may be designated as the “Exchange Parties”. This Agreement
