Attached files
file |
filename |
EX-10.01 - FORM OF SUBSCRIPTION AGREEMENT - Topaz Resources, Inc. | ex10-01.txt |
EX-10.02 - FORM OF DEED OF TRUST, SECURITY AGREEMENT, AND ASSIGNMENT OF PRODUCTION - Topaz Resources, Inc. | ex10-02.txt |
EX-10.04 - RMJ SUBSCRIPTION AGREEMENT- MONTAGUE LEASE - Topaz Resources, Inc. | ex10-04.txt |
EX-10.06 - RMJ SUBSCRIPTION AGREEMENT- DENTON WELL - Topaz Resources, Inc. | ex10-06.txt |
EX-10.11 - ASSET PURCHASE AND SALE AGREEMENT - Topaz Resources, Inc. | ex10-11.txt |
EX-31.2 - CFO SECTION 302 CERTIFICATION - Topaz Resources, Inc. | ex31-2.txt |
10-K - ANNUAL REPORT FOR THE YEAR ENDED 12-31-11 - Topaz Resources, Inc. | g4971a.txt |
EX-4.03 - FORM OF NOTE - Topaz Resources, Inc. | ex4-03.txt |
EX-32.2 - CFO SECTION 906 CERTIFICATION - Topaz Resources, Inc. | ex32-2.txt |
EX-32.1 - CEO SECTION 906 CERTIFICATION - Topaz Resources, Inc. | ex32-1.txt |
EX-4.04 - FORM OF PROMISSORY NOTE - Topaz Resources, Inc. | ex4-04.txt |
EX-4.02 - FORM OF STOCK GRANT AGREEMENT - Topaz Resources, Inc. | ex4-02.txt |
EX-31.1 - CEO SECTION 302 CERTIFICATION - Topaz Resources, Inc. | ex31-1.txt |
EX-4.01 - FORM OF WARRENT - Topaz Resources, Inc. | ex4-01.txt |
EX-14.1 - CODE OF ETHICS - Topaz Resources, Inc. | ex14-1.txt |
EX-10.10 - POLAR PARTICIPATION AGREEMENT - Topaz Resources, Inc. | ex10-10.txt |
EX-10.09 - EEI AGREEMENT TO PURCHASE AGREEMENT - Topaz Resources, Inc. | ex10-09.txt |
EX-10.07 - VIEJO LETTER AGREEMENT - Topaz Resources, Inc. | ex10-07.txt |
EX-10.03 - RMJ SUBSCRIPTION AGREEMENT- MONTAGUE WELL - Topaz Resources, Inc. | ex10-03.txt |
EX-10.08 - EEI PURCHASE AGREEMENT - Topaz Resources, Inc. | ex10-08.txt |
Exhibit 10.05
PARTICIPATION AGREEMENT
FOR ONE (1) WELL/UNIT;
RAMMING #2-T WELL;
RAMMING/TOWNSEND LEASE
(WICHITA COUNTY, TEXAS)
Topaz Resources, Inc.
1012 N. Masch Branch Road
Denton, Texas 76207
ATTN: Mr. Edward J. Munden, Chief Executive Officer
RE: Oil, Gas and Mineral Lease, dated/effective October 28, 2010, between
Stephanie Hair and husband, Mark Hair, Lessors, and Topaz Resources,
Inc., Lessee, a memorandum of which is recorded in Volume 3555, Page
353, Official Records of Wichita County, Texas (the "Ramming OGML"),
covering Lessor's right title and interest in and to a certain 543.69
acres, as more completely described therein; Oil, Gas and Mineral
Lease, dated/effective January 10, 2011, between Jesse Lee Townsend
a/k/a Jesse L. Townsend and wife, Dolores Marie Townsend, Lessor, and
Topaz Resources, Inc., Lessee, a memorandum of which is recorded in
Volume 3578, Page 387, Official Records of Wichita County, Texas (the
"Townsend OGML"), covering Lessor's right, title and interest in and
to a certain 53.98 acres, as more completely described therein (the
Ramming OGML and the Townsend OGML are collectively referred to herein
as the "Lease") ; Purchase and Sale of Working Interest(s) in one (1)
well/unit (Ramming #2-T well)
Gentlemen:
The undersigned participant or purchaser (the "WI Purchaser") understands
that there is being offered for sale to WI Purchaser an aggregate twenty five
percent (25.00%) working interest, consisting of a twenty percent (20.00%)
attributable net revenue interest, in one (1) vertical well to be located on a
contemplated five (5) acre unit within the confines of the Townsend OGML in
Wichita County, Texas (such well, and the associated five (5) acres of leasehold
unit(s) are referred to hereinafter as the "WELL"). Topaz Resources, Inc.
("TOPAZ"), as the current owner and holder of the effective aggregate working
interest in the WELL and in conjunction with its contracted operator, Dark Horse
Operating Co., L.L.C. ("DHOPCO"), is desirous of WI Purchaser's financial
participation in the WELL, on a promoted basis consistent with this
Participation Agreement (this "Agreement"). In consideration of the mutual
promises contained herein and the performance(s) and payment(s) described in
this Agreement, the receipt and sufficiency of which are hereby acknowledged, WI
Purchaser and TOPAZ agree as follows:
Page 1 of 10
1. DISCLOSURES/BACKGROUND; WELLS STATUS. TOPAZ has recently purchased 100%
of the working interest in portions/units of the Ramming OGML from a third
party, involving the assignment of a prior existing lease and bill of sale for
certain equipment on existing wells. TOPAZ has further directly acquired two (2)
new written leases from the respective mineral owners of the subject Ramming
OGML tract and the Townsend OGML tract. Based on prior and ongoing evaluation of
the subject Lease, the logs and production history of Lease wells and
surrounding/adjacent production of third party wells, TOPAZ has reason to
believe that the Lease is prospective and poised for additional drilling and
production efforts involving the undeveloped portions thereof. The drilling of
the subject WELL to an approximate depth of 1,900 feet (+/-) should penetrate
the multiple known and prospective depths or formations in the vicinity, with
the low pressure circumstances accommodating their possible simultaneous
production (subject to drilling and testing results). The Townsend OGML, whose
terms are virtually identical to the terms of the Ramming OGML, provides for a
minimum developmental commitment of one (1) new well per year and the drilling
of the WELL shall extend the primary term of the Townsend OGML accordingly. The
targeted location of the WELL on the Townsend OGML (subject to permitting and
surveying) is derived from and based upon TOPAZ's evaluations, recommendations
from contract engineering personnel, known and available data, etc. The Lease is
situated in and amongst a multitude of similar shallow wells and has
demonstrated a history of successful development.
2. WORKING INTEREST OFFERING.WI Purchaser, subject to the acceptance of the
subscription hereunder, agrees to purchase a working interest in the WELL from
TOPAZ as follows:
(a) WI Purchaser will purchase from TOPAZ an undivided twenty five percent
(25.00%) working interest in the WELL, subject to the equivalent or
proportionate promote or carrying obligation (in favor of TOPAZ or its designee)
of twenty five percent (25.00%) of the working interest through the tanks/sales
line (such percentages being incorporated into WI Purchaser's cost obligations
set forth in (b) below);
(b) WI Purchaser shall pay thirty three and one third percent (33.33%) of
the costs of the WELL through the tanks/sales line, as promulgated and
established by TOPAZ, its AFE (see below) and actual costs incurred, and
otherwise receive an attributable net revenue from the sales or production equal
to twenty percent (20.00%) of eight eighths (effectively carrying TOPAZ for one
third of a 25.00% working interest with an attributable 6.666667% net revenue
interest in the WELL), subject to the terms and conditions of this Agreement.
Following the carrying circumstances hereunder, WI Purchaser's working interest
cost obligation in the WELL will be reduced from 33.33% to 25.00%, in conformity
with the pending JOA (as defined below).
(c) WI Purchaser understands that the offering price of the subject working
interest is based upon TOPAZ's actual/near actual and estimated costs (and
vendor invoices received for) of services and supplies incurred or
"to-be-incurred", inclusive of (among other things) leasehold costs, title
evaluation expenses, engineering evaluations, projected drilling and completion
Page 2 of 10
costs and other expenses. WI Purchaser acknowledges its/his prior receipt of an
Authorization for Expenditure ("AFE") on the WELL from DHOPCO. Monies paid and
advanced by WI Purchaser shall be advanced and applied to the subject working
interest obligation(s) of WI Purchaser (and the incorporated carrying
obligation).
3. PAYMENT OF WORKING INTEREST PRICE(S). Upon the submission and execution
of this Agreement, WI Purchaser shall deliver to TOPAZ, in a manner consistent
with Paragraph 4(b) below, the sum of FORTY EIGHT THOUSAND EIGHT HUNDRED NINETY
NINE AND NO/100 U.S. DOLLARS ($48,899.00) (the "Initial Payment"), to be applied
to WI Purchaser's working interest obligation(s) hereunder (and generally
designed to cover the aggregate costs of the WELL through the envisioned
completion stage of the WELL. Thereafter, consistent with the AFE and terms of
the JOA, WI Purchaser shall deliver (at the point, if at all, at which the WELL
has been drilled and completed or at such time in advance thereof when DHOPCO
notifies TOPAZ of additional cash needs for the WELL) unto TOPAZ and/or DHOPCO
such additional monies as may be required to satisfy the costs of WELL's
completion and activities designed to place said WELL into production (the
"Secondary Payment", whether one or more). Such Secondary Payment shall be due
and payable as provided in the JOA or on or before the second business day
following WI Purchaser's receipt from DHOPCO/TOPAZ of the appropriate
invoice/demand. Notwithstanding the foregoing, the parties may elect to conduct
a closing of such additional documents (and the payment of the Secondary
Payment), it being the intent of the parties that WI Purchaser shall not receive
a recordable assignment of a working interest in the WELL unless and until the
required payments/advancements are made by WI Purchaser and a completion
election is made thereon. In the event the Initial Payment exceeds the actual
working interest costs payable or required of WI Purchaser, TOPAZ will refund
the unused portion(s) thereof, accompanied by a written accounting to
substantiate the same.
4. SUBSCRIPTION; ADDITIONAL DOCUMENTS.WI Purchaser hereby irrevocably
subscribes to purchase the subject twenty five percent (25.00%) of the aggregate
working interest in the WELL, pursuant to and upon the terms and conditions
herein set forth. Accordingly, the WI Purchaser, upon its entry into and the
execution of this Agreement, hereby tenders the following:
(a) Two (2) executed counterparts of this Agreement, with pages initialed;
(b) An advancement in the form of either a check, cashier's check or money
order, payable to the order of "TOPAZ RESOURCES, INC.", or a bank wire transfer
to TOPAZ's account as directed in writing by TOPAZ, in the amount of the Initial
Payment, to be applied by TOPAZ for the benefit of WI Purchaser in a manner
consistent with Paragraph 3 above;
(c) Such other executed and completed instruments (if any) as described and
as may be reasonably required in written correspondence presented to WI
Purchaser, directly or indirectly, by TOPAZ (as part of the purchase hereunder)
or DHOPCO (as part of the operations of the WELL);
Page 3 of 10
Upon DHOPCO's surveying and permitting of the contemplated WELL (and its
completion as a producer) and upon delivery of this executed Agreement to WI
Purchaser, WI Purchaser further agrees to execute and tender unto TOPAZ the
following:
(d) One (1) written Joint Operating Agreement (the "JOA"), to govern
operations on the WELL, utilizing a modified and supplemented AAPL Model Form
Operating Agreement with included Accounting COPAS attachment, such JOA to be
consistent with DHOPCO's prior operations in and around Wichita County (or Texas
Counties), Texas;
(e) One (1) executed and acknowledged Memorandum of Operating Agreement and
Financing Statement;
(f) One (1) proposed Assignment of Oil, Gas and Mineral Lease (to WI
Purchaser)(to be executed by WI Purchaser and TOPAZ and, thereafter,
delivered/recorded by TOPAZ following the completion of the WELL)(it being the
intent of the parties to record a single assignment of the WELL to WI
Purchaser);
(g) If necessary, an updated AFE, reflective of the then-existing pricing
involved in the activities described therein; and
(h) Such other and additional documents which the parties may otherwise
deem necessary and appropriate to effectuate the terms of this Agreement and
facilitate the completion and production of the WELL.
5. ACCEPTANCE OF SUBSCRIPTION. WI Purchaser agrees that this subscription
and election to participate in the working interest (the "Subscription") is
irrevocable and is subject to acceptance by TOPAZ, in its sole discretion. If
not accepted by TOPAZ, all instruments tendered herewith shall be promptly
returned, along with any monies paid by WI Purchaser. WI Purchaser understands
that acceptance of this Subscription shall be signified by TOPAZ's execution of
this Agreement and its causing of an executed copy hereof to be returned to the
WI Purchaser. TOPAZ shall have no obligation to accept this Subscription in its
entirety or to accept any third party Subscriptions (if any) in the order
received. Further, TOPAZ may accept a Subscription hereunder notwithstanding an
eventual sale of all of the working interest offered to WI Purchaser or others.
As soon as practical following a closing hereunder, WI Purchaser will receive
executed counterparts and/or copies of executed closing documentation hereunder.
6. ACCREDITED INVESTOR. WI Purchaser represents that it constitutes an
"accredited investor" as such term is defined in Regulation D, Section
230.50(a), of the Regulations issued by the Securities and Exchange Commission
under the Securities Act of 1933 (and the similar provisions of the securities
laws of the State of Texas). In particular, as WI Purchaser is not a natural
person, WI Purchaser is either an "accredited investor" under the specific
definitions in Regulation D or is an entity in which all the equity owners are
Page 4 of 10
within such definitions (in terms of minimum income(s) or net worth(s)) and such
entity was not formed for the specific purpose of engaging in this
purchase/Subscription.
7. REPRESENTATIONS AND WARRANTIES OF WI PURCHASER. WI Purchaser hereby
represents, covenants and warrants to TOPAZ and any other purchaser of a working
interest in the subject WELL/unit, as follows:
(a) If necessary or appropriate, WI Purchaser has engaged independent legal
counsel, accountants or other qualified professional advisors (individually and
collectively the "Advisors") who have acted as requested by WI Purchaser to
evaluate the merits of a working interest purchase and the suitability of such a
purchase for WI Purchaser;
(b) WI Purchaser (either alone or together with any Advisors, if
applicable) has such knowledge and experience in financial and business matters
as to be capable of evaluating the merits and risks associated with the purchase
of a working interest in the WELL; WI Purchaser recognizes that its/his purchase
of a working interest hereunder involves a high degree of risk which may result
in the loss or the total amount of WI Purchaser's payment hereunder (and
additional well costs attributable to such WELL);
(c) WI Purchaser is aware that it must bear the economic risk of an oil
and/or gas well working interest for an indefinite period of time because the
working interest offering has not been registered under the Securities Act of
1933 (the "1933 Act"), the Texas Securities Act or the securities act of any
other state and, therefore, subsequent sales may or may not require such a
registration (or an exception from registration) (and TOPAZ has no plans or
obligations to undertake such a registration);
(d) WI Purchaser represents that (i) it has been called to WI Purchaser's
attention by TOPAZ and any Advisors that the subject working interest may or may
not yield any production sales proceeds or monies above and beyond the costs
incurred, that the WELL may ultimately be a "dry hole" (before or following
completion/fracing) and that the costs of water disposal and other well costs
may require additional capital expenditure(s), beyond original estimates in the
AFE for drilling, completion and/or operations; and (ii) no assurances are or
have been made regarding any economic or tax advantages which may inure to the
benefit of WI Purchaser;
(e) WI Purchaser has not received nor relied upon any representations or
warranties of TOPAZ beyond the scope of the written materials provided and
generated by TOPAZ; in particular, WI Purchaser, either alone or in conjunction
with Advisors, has made such inquiries and investigations as were deemed
necessary or appropriate in order to determine that a purchase of a working
interest in the WELL is a suitable and prudent investment for WI Purchaser, who
accepts full responsibility for the adequacy, scope and diligence of such
inquiries and investigations;
(f) WI Purchaser has read and analyzed the materials provided by TOPAZ,
this Agreement and other relevant materials contained therein, and has been
given access, if requested, to all underlying documents in connection with this
Page 5 of 10
transaction, as well as such other information as WI Purchaser deems necessary
or appropriate in evaluating this Subscription (with all such desire for
additional information or access being satisfied); WI Purchaser has had an
opportunity to receive and review all documents and materials that WI Purchaser
deems and considers relevant to the purchase of a working interest hereunder and
to ask questions of, and receive satisfactory answers from, TOPAZ concerning the
terms and conditions of this offering (and all such questions have been answered
to the full satisfaction of WI Purchaser);
(g) WI Purchaser's principals/officers or directors are at least twenty one
(21) years of age, citizens of the United States and residents of the state
identified in WI Purchaser's address below, and have no present intention of
becoming a resident of any other state or jurisdiction. Further, WI Purchaser is
duly qualified to transact business in the State of Texas or, if required by
Texas law to become so qualified to acquire and own an interest in the WELLS,
that WI Purchaser will diligently act to effectuate such qualification;
(h) WI Purchaser's funds tendered herewith do not represent funds borrowed
from any person or lending institution except to the extent that WI Purchaser
has a source of repaying such funds other than from the sale or the subject
working interest; further, WI Purchaser has not created or promised/contracted
to create any lien, encumbrance or security interest in and to the subject
working interest and/or related equipment which would be superior to or
otherwise prior to the operator's lien manifested in the JOA and the other
closing documents hereunder.
(i) All information provided to TOPAZ by WI Purchaser in connection with
the determination whether to accept this subscription is true, correct and
complete as of the date that this Agreement is signed, and WI Purchaser will not
take any action(s) nor permit any action(s) to be taken which would cause the
information provided by WI Purchaser to no longer be true in any material
respect. WI Purchaser further covenants and agrees to immediately notify TOPAZ
as to any material change in such information;
(j) If this Agreement is executed by an attorney-in-fact, such
attorney-in-fact has all right and authority in the stated capacity to execute
and deliver this Agreement and/or related documents; and
(k) If the Subscription is being made by a corporation, partnership,
limited liability company, trust or estate or if this Subscription Agreement is
executed by an officer, representative, agent or attorney-in-fact, WI Purchaser
will, upon request, provide TOPAZ with a true and correct copy of the articles
of incorporation or organization, bylaws, company agreement/regulations,
partnership agreement, instrument creating a trust, will and letters
testamentary or power of attorney (or any other related documents), as the case
may be, establishing such entity and the authority to enter into this Agreement.
(l) WI Purchaser states and represents that its/his statements made in this
Paragraph 7 and other paragraphs within this Agreement are true and correct, as
sworn to upon WI Purchaser's oath by WI Purchaser in the presence of the
signatory witness below and prior to execution hereof.
Page 6 of 10
8. UNDERSTANDING OF SECURITIES LAW RESTRICTIONS. WI Purchaser hereby
confirms to TOPAZ (and the balance of the working interest owners, if different)
WI Purchaser's understanding that:
(a) The working interests and/or the offering have not been registered
under the 1933 Act, on the basis that such offering/sale is exempt from
registration under Section 3(b) and/or Section 4(2) of the 1933 Act, and/or
Regulation D promulgated thereunder;
(b) TOPAZ and involved parties are relying on the truth and accuracy of the
representations, declarations and warranties made herein by WI Purchaser in
offering the subject working interest(s) for sale to WI Purchaser and in relying
upon applicable exemptions available under the 1933 Act; and
(c) TOPAZ is under no obligation to register, or to perfect any exemption
for resale of, the working interest(s) under the 1933 Act or Texas Securities
Act or the securities laws of any other state.
9. INDEMNIFICATION. WI Purchaser agrees to indemnify and hold harmless from
and against any and all losses, claims, damages, expenses or liabilities
(including attorney's fees) to or against DHOPCO and TOPAZ, their officers,
managers, members, directors and affiliates, due to or arising out of any
misrepresentations or breach by WI Purchaser of any warranty contained herein.
Notwithstanding the foregoing, however, no representation, warranty,
acknowledgment or agreement made herein by WI Purchaser shall in any manner be
deemed to constitute a waiver of any rights granted to WI Purchaser under
federal or state securities laws.
10. PREMISE OF OFFERING. Notwithstanding anything contained in this
Agreement to the contrary, WI Purchaser acknowledges and understands the
following:
(a) TOPAZ is not assembling a formal package of offering materials (i.e. a
private placement memorandum) for the subject offering or participation.
(b) WI Purchaser acknowledges and understands that the pricing for entry
into the working interest of the WELL hereunder is on a "promoted" basis (not
actual cost) for this WELL. WI Purchaser further acknowledges that TOPAZ's
willingness to price the working interest(s) offered hereunder on the pricing
basis suggested is reflective of TOPAZ's desire to involve WI Purchaser in the
WELL for mutual benefit and not its/their views on the merits or upside of
productivity (or lack thereof) of the subject WELL. WI Purchaser further
acknowledges that "time if of the essence" in the conclusion of the
transaction(s) contemplated herein.
Page 7 of 10
(c) WI Purchaser further acknowledges that TOPAZ has not contracted nor
offered any facilitator or introducing party a financial incentive, inducement,
commission, finder's fee or any interest in production from the subject WELL for
their role (if any) in introducing this working interest offering to WI
Purchaser. WI Purchaser further acknowledges that it has not entered into any
"side agreement" or understanding, verbally or in writing, with a TOPAZ
principal, officer or representative for any direct or indirect compensation or
participation in the WELL as part and parcel to the transaction(s) contemplated
by this Agreement.
11. AREA OF MUTUAL INTEREST FOR NEW WELL DEVELOPMENT. For as long as TOPAZ
owns the subject Lease (and prior to any transfer contemplated by Paragraph 12
below), WI Purchaser shall have the right, without obligation, to secure and
purchase a similar or equivalent working interest in any new exploratory or
development wells situated within the Lease (or lands lawfully pooled therewith,
if any) and the attributable units associated with the same. Such optional
working interest shall be obtainable from TOPAZ upon such terms and conditions
as are consistent with the participatory terms reflected in this Agreement for
the WELL and the associated carrying obligation/burden. Such option to
participate and purchase shall be subject to exercise by full written acceptance
or rejection within fifteen (15) calendar days of DHOPCO's or TOPAZ's
presentment (if at all) of any notice and proposal containing specifics for each
such additional/new well (accompanied by WI Purchaser's payment of the monetary
amounts reflected in the TOPAZ notice).. WI Purchaser's negative election to
participate hereunder on any successive new well shall be deemed as a waiver of
such optional participation in future or subsequent new wells on the Lease. WI
Purchaser will be provided with comprehensive information in the possession of
TOPAZ at the time of such election so as to facilitate a learned decision(s) on
participation.
12. RIGHT OF FIRST REFUSAL; DRAG ALONG - TAG ALONG. For purposes of this
provision, a "Transfer" means to sell, assign, lease or otherwise transfer to
any person or entity. Commencing with the execution date hereof and continuing
thereafter for a period of three (3) calendar year(s) following the commencement
of the drilling of the WELL, WI Purchaser shall not Transfer its interest(s) in
the WELL unless WI Purchaser shall first have offered such WELL interest(s)
subject to the proposed Transfer to TOPAZ upon the same terms and conditions. If
WI Purchaser desires to effectuate such a Transfer pursuant to a bona fide
written offer, WI Purchaser shall provide written notice to TOPAZ of the same,
including a copy of the written third party offer. In no event shall any such
Transfer fail to afford TOPAZ a minimum of ten (10) business days to effectively
respond (by a closing or otherwise) in good faith. Such right in favor of TOPAZ
shall supersede any drag along/tag along rights afforded in Paragraph 11(a)
below during the period of such right established herein.
(a) If either TOPAZ or WI Purchaser receive a bona fide offer, from any
person who is not an affiliate and has no familial relationship by blood or
marriage or any other direct or indirect affiliation, either through ownership
Page 8 of 10
entities or otherwise (other than public companies), to purchase all or a
portion of such party's interest in the WELL, the parties hereto agree to (i)
notify the other parties of the substance and detail of such third party offer,
and (ii) make best efforts to facilitate the inclusion of the other parties
within such sale upon the same or similar terms. In the case of a non-operating,
minority working interest owner holding 25.0% or less of the subject working
interest in the WELL, such party(s) agrees to a drag along obligation to sell if
and only if such party(s) either fails and refuses to match such third party
offer or is the inclusion of their interest(s) in such sale is mandatory for the
conclusion thereof.
13. MISCELLANEOUS. WI Purchaser hereby acknowledges and agrees that it/he
is not entitled to cancel, terminate or revoke this Agreement or any agreements
of WI Purchaser hereunder, and that such Agreement and agreements shall survive
(i) changes in the transactions, documents and instruments described herein
which are not material, and (ii) the death or disability of WI Purchaser;
provided, however, that if TOPAZ shall have rejected this entire Subscription,
this Subscription and all agreements of WI Purchaser herein shall automatically
be cancelled. All notices or other communications given or made hereunder shall
be in writing and shall be delivered or mailed (by either first class U.S. Mail,
postage pre-paid, or by facsimile or e-mail) to the subject party at the
respective address(es) set forth below. This Agreement will be governed by and
construed in accordance with the laws of the State of Texas and is wholly
performable in Denton County, Texas. WI Purchaser will notify TOPAZ immediately
of any material change(s) in the information provided herein. This Agreement
contains the entire agreement of the parties with respect to the subject matter
hereof, cumulative of any and all prior discussions and/or agreement(s), and may
not be modified or amended without a written instrument being executing by all
parties to such effect. A facsimile signature shall be deemed effective for all
purposes, the same as any original.
IN WITNESS WHEREOF, WI Purchaser has executed this Agreement on this
____________ day of ___________________, 2011.
WI Purchaser:
RMJ, INC., a Nevada corporation
By: /s/ Eric L. Moe
-----------------------------------------
Eric L. Moe, its CEO/President
Address: 8921 N. Indian Trail Road, Suite 288
Spokane, WA 99208
E-mail address: emoe27@aol.com
Phone Number:_____________________________
Fax Number: (509) 465-0775
EIN: 98-0165538
Page 9 of 10
The above WI Purchaser, upon oath, swore to me that all
statements/representations made by WI Purchaser in this Agreement are true and
correct.
---------------------------------------
Witness
Printed Name:
--------------------------
WHEN FULLY EXECUTED, RETURN TO:
Topaz Resources, Inc.
Mailing Address: 1012 N. Masch Branch Road, Denton, TX 76207-3640
Physical Address: 1012 N. Masch Branch Road, Denton, TX 76207-3640
Phone: 940-243-3038; Facsimile: 940-243-8643
E-mail: tmunden@topazresourcesinc.com and rstinnett@usa.net
ACCEPTANCE BY TOPAZ
The foregoing subscription is accepted/rejected by TOPAZ as follows:
_________ Accepted in full.
_________ Partially accepted to the extent of ___________
working interest (if needed, explain: __________________
______________________________________________________________
_________ Rejected in full.
DATE: _________________
Topaz Resources, Inc.,
A Florida corporation
By: /s/ Edward J. Munden
----------------------------------------
Edward J. Munden, its President
By: /s/ Robert P. Lindsay
----------------------------------------
Robert P. Lindsay,
its Chief Operating Officer
Page 10 of 10