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-10.11 - 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-10.05 - RMJ SUBSCRIPTION AGREEMENT- WITCHITA WELL - Topaz Resources, Inc. | ex10-05.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 10.06
SUBSCRIPTION AGREEMENT
FOR
SCRUGGS #1-H WELL/UNIT
(DENTON COUNTY, TEXAS)
Masch Branch Exploration, L.L.C.
1012 N. Masch Branch Road
Denton, Texas 76207
ATTN: Mr. S. Rand Stinnett and Mr. Bill A. Williamson, Managers
RE: Oil and Gas Lease (the "Lease"), dated/effective August 1, 2004, from
Michael L. Scruggs and Melanie A. Scruggs, husband and wife, as
Lessors, and Mid-Continent Geological, Inc., as Lessee, a memorandum
of which is recorded as Instrument Number 2004-146829, Official
Records of Denton County, Texas, and a duplicate memorandum thereof
also being recorded as Instrument Number 2004-124797, Official Records
of Denton County, Texas, covering that certain 84.996 acres of land,
more or less, as more completely described in said Lease/memorandum,
which along with the terms and conditions of said Lease are
incorporated herein by this reference as if set forth verbatim, such
Lease being further amended/extended by (a) that certain written
Extension of Oil, Gas and Mineral Lease, dated April 14, 2005, between
Lessors and Lessee, recorded as Instrument Number 2005-104258,
Official Records of Denton County, Texas, and (b) that certain written
Extension of Oil, Gas and Mineral Lease, dated October 26, 2005,
between Lessors and Lessee, recorded as Instrument Number 2005-133687,
Official Records of Denton County, Texas.
Gentlemen:
The undersigned subscriber or purchaser (the "WI Purchaser") understands
that there is being offered for sale to WI Purchaser a working interest (and
attributable net revenue interest) in the Scruggs #1-H well (API #42-121-32726),
located in the A.F. Cannon Survey, A-232, Denton County, Texas (and the
attributable and surrounding 84.996 acre oil, gas and mineral leasehold estate
described above)(such well and leasehold being referred to hereinafter as the
"WELL") by and from Masch Branch Exploration, L.L.C. ("MBELLC"), a Texas limited
liability company, is a wholly-owned subsidiary of Topaz Resources, Inc., a
Florida corporation ("Topaz"). Topaz is a party to that certain written
Non-Binding Term Sheet, dated May 21, 2010, with Earthwise Energy, Inc. ("EEI")
and Energy Partners International ("EPI") (collectively the "Sellers") wherein
the parameters for a definitive agreement for the purchase and sale of the WELL
are established. MBELLC is the designee or assignee of Topaz under such term
sheet and the pending purchase and sale agreement, which is targeted for
execution and closing in due course (pending finalization of documentation).
Dark Horse Operating Co., L.L.C. ("DHOPCO") is targeted to become the WELL
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operator by virtue of an existing joint operating agreement involving the WELL.
MBELLC is desirous of WI Purchaser's financial participation in the WELL, on a
promoted basis consistent with this Subscription 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 MBELLC agree as follows:
1. DISCLOSURES/BACKGROUND; WELL STATUS. The Scruggs #1-H horizontal Barnett
Shale well was drilled and, following delays in the establishment of access to a
natural gas sales line, the well was ultimately completed (casing plus a liner)
and produced, without benefit of the installation of tubing or a permanent
wellhead. Sellers (and third party working interest owners) successfully
produced natural gas from said well for a measured period (over a year) before
encountering lease-related circumstances wherein the validity (or
lapsing/termination) of the underlying oil and gas lease evolved, leading to
litigation with the surface owner/lessor. The WELL has been "shut in" for a
period of approximately fourteen calendar months but, based upon MBELLC's
analysis of past production and learned evaluations, MBELLC has reason to
believe and does believe that the WELL, following remedial workover and the
installation of tubing and a permanent wellhead, can produce natural gas once
again in commercial quantities. Agreements are in place, pending a closing with
Sellers, to (a) dismiss the litigation, (b) secure a ratified/amended oil and
gas lease, (c) involve MBELLC in the working interest and DHOPCO in the WELL
operations, and (d) clarify and resolve outstanding issues involving the WELL.
MBELLC is scheduled to acquire from Sellers a 45.417969% working interest (and
an accompanying 34.063477% net revenue interest) in and to the WELL (the
"Primary WI"), being all of Sellers' interest therein, in consideration of
(among other things) MBELLC's delivery of $250,000.00 in cash and 600,000 shares
of Topaz common stock to Sellers. Subsequent to its pending closing with
Sellers, MBELLC intends to pursue the acquisition of additional working interest
in the WELL (the "Secondary WI") in exchange for cash, Topaz stock or some
combination, projected to perhaps result in MBELLC's ownership of 80-100% of the
WELL in the aggregate. The pursuit of the Secondary WI by MBELLC is projected to
consume 30-45 days following the closing with Sellers, at which time the WELL
workover will advance. Topaz, as an emerging public company, is in the early
stages of its initial capital raising efforts and is desirous of WI Purchaser's
joinder and participation with MBELLC in the WELL hereunder.
2. WORKING INTEREST OFFERING.WI Purchaser, subject to the acceptance of the
Subscription hereunder, agrees to purchase a working interest in the WELL from
MBELLC as follows:
(a) WI Purchaser will purchase from MBELLC one half (1/2) of MBELLC's
Primary WI in the WELL (being a 22.708985% working interest and an attributable
17.031739% net revenue interest) in consideration of WI Purchaser's payment to
MBELLC of TWO HUNDRED FIFTY THOUSAND AND NO/100 U.S. DOLLARS ($250,000.00),
payable upon subscription hereunder;
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(b) WI Purchaser shall further pay unto MBELLC the sum of FIFTY THOUSAND
AND NO/100 U.S. DOLLARS ($50,000.00), to be utilized by MBELLC (and WI
Purchaser) to offset the costs of the contemplated workover of the WELL (the
same to be considered as "spent" by WI Purchaser).
(c) If and when the WELL is reworked and returned to production, WI
Purchaser (i) will pay seventy five percent (75.0%) of actual WELL operational
expenses attributable to the Primary WI until a Payout (defined below), if at
all, and (ii) receive seventy five percent (75.0%) of the net revenue proceeds
attributable to the Primary WI until a Payout. As used herein, the term "Payout"
shall mean that point in time, if at all, that the working interest revenues
from 75.0% of the Primary WI paid to and received by WI Purchaser, net of and
over-and-above the associated percentage of operational and post-workover WELL
costs for the Primary WI in the WELL, equals $300,000.00 (i.e. WI Purchaser
recovers its initial cash outlay from Paragraph 2(a) and 2(b) above).
(d) Following Payout, WI Purchaser's cost obligations and net revenue
rights will return to the equivalent of its 50.0% of the Primary WI purchased
hereunder.
(e) Should MBELLC actually acquire any Secondary WI in the WELL, WI
Purchaser shall further have the option, but not the obligation, to acquire from
MBELLC up to one half (1/2) of such Secondary WI for cash. MBELLC contemplates
the sole or predominant use of Topaz stock in such offerings for Secondary WI.
Similar to circumstances involving the Primary WI acquisition by WI Purchaser,
the cash pricing or amount of such cash to be delivered by WI Purchaser for its
optional acquisition of Secondary WI in the WELL will be determined using the
then-existing market value or price of assets (including cash and stock)
expended by MBELLC in the acquisition process thereof. In the absence of a good
faith consensus on such cash equivalent value between and amongst MBELLC and WI
Purchaser, MBELLC's determination thereof shall prevail. All parties contemplate
and envision the conclusion of any Secondary WI acquisition in advance of the
targeted workover of the WELL.
3. PAYMENT OF WORKING INTEREST PRICE(S). Upon the submission and execution
of this Agreement, WI Purchaser shall deliver to MBELLC, in a manner consistent
with Paragraph 4(b) below, the sum of THREE HUNDRED THOUSAND AND NO/100 U.S.
DOLLARS ($300,000.00)(the "Closing Payment"), to be applied to WI Purchaser's
obligation(s) hereunder. Thereafter, as part of the Secondary WI acquisition
process, should WI Purchaser elect to participate therein and exercise its
option hereunder by written notice to MBELLC, WI Purchaser shall deliver unto
TOPAZ the applicable amount of cash to MBELLC (the "Secondary Payment", whether
one or more) in a manner similar to the foregoing Closing Payment. Such
Secondary Payment shall be due and payable on or before the third business day
following WI Purchaser's receipt from MBELLC's of the draft/proposed
documentation cited and contemplated in Paragraph 4 (d), (e), (f) and (g) below.
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
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assignment of a working interest in the WELL unless and until the required
payments/advancements are made by WI Purchaser.
4. SUBSCRIPTION; ADDITIONAL DOCUMENTS.WI Purchaser hereby irrevocably
subscribes to purchase half of the subject Primary WI 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 "MASCH BRANCH EXPLORATION, L.L.C.", or a bank
wire transfer to MBELLC's account as directed in writing by MBELLC, in the
amount of the Initial Payment, to be applied by MBELLC for the benefit of WI
Purchaser in a manner consistent with Paragraph 3 above; and
(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 MBELLC as part of the purchase hereunder.
On or before the tenth (10th) day prior to the workover of the WELL, MBELLC and
DHOPCO shall tender to WI Purchaser the following for execution by WI Purchaser:
(d) One (1) written Joint Operating Agreement (the "JOA"), to govern
operations on the WELL, utilizing the existing joint operating agreement in
place for the WELL or a ratification of the same, such JOA to be consistent with
DHOPCO's prior operations in and around Denton County, Texas and otherwise
acceptable to MBELLC and DHOPCO;
(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);
(g) If necessary, an AFE, reflective of the then-existing pricing involved
in the workover 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 workover and production of the WELL.
5. ACCEPTANCE OF SUBSCRIPTION. WI Purchaser agrees that this subscription
(the "Subscription") is irrevocable and is subject to acceptance by MBELLC, in
its sole discretion. If not accepted by MBELLC, all instruments tendered
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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 executing this Subscription Agreement and causing an executed copy hereof to
be returned to the WI Purchaser. MBELLC has no obligation to accept this
Subscription in its entirety or to accept any third party Subscriptions (if any)
in the order received. Further, MBELLC 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
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 MBELLC 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 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 MBELLC 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 MBELLC 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" following its workover
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and that the costs of water disposal and other well costs may require additional
capital expenditure(s), beyond original estimates in the AFE; 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 MBELLC beyond the scope of the written materials provided and
generated by MBELLC; 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 MBELLC,
this Agreement and other relevant materials contained therein, and has been
given access, if requested, to all underlying documents in connection with this
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, MBELLC 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 WELL,
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 MBELLC 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 MBELLC
as to any material change in such information;
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(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 MBELLC 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.
8. UNDERSTANDING OF SECURITIES LAW RESTRICTIONS. WI Purchaser hereby
confirms to MBELLC (and the balance of the working interest owners) 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) MBELLC 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) MBELLC 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 , damage, expense or liability (including
attorney's fees) to or against MBELLC, its 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:
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(a) MBELLC is not assembling a formal package of offering materials (i.e. a
private placement memorandum) for the subject offering
(b) WI Purchaser acknowledges and understands that its pricing for entry
into the working interest of the WELL hereunder is on a disclosed "promoted"
basis (not actual cost) for the "after the fact" entry into the working interest
process for this WELL, with MBELLC's seller(s) having already assumed the
drilling and early completion risks and other associated risks involved with a
new well. WI Purchaser further acknowledges that MBELLC's willingness to price
the working interest(s) offered hereunder on the pricing basis suggested is
reflective of MBELLC'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.
(c) WI Purchaser further acknowledges that MBELLC 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 an MBELLC
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. 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 one (1) year, 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 MBELLC 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 MBELLC of
the same, including a copy of the written third party offer. In no event shall
any such Transfer fail to afford MBELLC a minimum of ten (10) business days to
effectively respond (by a closing or otherwise) in good faith. Such right in
favor of MBELLC shall supersede any drag along/tag along rights afforded in
Paragraph 11(a) below during the period of such right established herein.
(a) If MBELLC 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 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
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inclusion of their interest(s) in such sale is mandatory for the conclusion
thereof.
12. MISCELLANEOUS. WI Purchaser hereby acknowledges and agrees that it 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 MBELLC 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 MBELLC 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 and/or scanned/e-mailed signature shall be
deemed effective for all purposes, the same as any original.
IN WITNESS WHEREOF, WI Purchaser has executed this Subscription Agreement
on this ____________ day of October, 2010.
WI Purchaser:
RMJ, INC., a ___________ corporation
By:
----------------------------------------
Printed Name:
------------------------------
Title:
-------------------------------------
Address:
-----------------------------------
-----------------------------------
E-mail address:
----------------------------
Phone Number:
------------------------------
Fax Number:
--------------------------------
EIN:
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Witness
Printed Name:
--------------------------
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WHEN FULLY EXECUTED, RETURN TO:
Masch Branch Exploration, L.L.C.
Mailing Address: 1012 N. Masch Branch Road, Denton, TX 76207-____;
Physical Address: 1012 N. Masch Branch Road, Denton, TX 76207-____;
Phone: 940-243-7744 or 940-243-3038; Facsimile: 940-243-8643
E-mail: billawilliamson@topazresourcesinc.com and rstinnett@usa.net
ACCEPTANCE BY MBELLC
The foregoing subscription is accepted/rejected by MBELLC as follows:
_________ Accepted in full.
_________ Partially accepted to the extent of ___________
working interest (if needed, explain: __________________
______________________________________________________________
_________ Rejected in full.
DATE:____________________
Masch Branch Exploration, L.L.C.,
A Texas limited liability company
By:/s/ S. Rand Stinnett
----------------------------------------
S. Rand Stinnett, its Manager
By: /s/ Bill A. Williamson
----------------------------------------
Bill A. Williamson, its Manager
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