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EX-10 - EXHIBIT 10.1 - Xun Energy, Inc. | exhibit10.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):
January 20, 2012
XUN ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
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Nevada | 000-53466 | 26-1616719 |
(State of incorporation) | (Commission File Number) | (IRS Employer Identification No.) |
12518 NE Airport Way, Suite 148 No. 156 Portland Oregon 97230
(Address of principal executive offices)
775-200-0505
(Registrant's telephone number, including area code)
___N/A___
(Former Name or former address if changed from last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Forward Looking Statements
Certain statements included in this Form 8-k regarding Xun Energy, Inc. ( “Company”) that are not historical facts are forward-looking statements, including the information provided with respect to the future business operations and anticipated operations of the Company. These forward-looking statements are based on current expectations, estimates, assumptions and beliefs of management, and words such as "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve risks and uncertainties, including, but not limited to, the success of our current or proposed business activities. Accordingly, actual results may differ.
Section 1- Registrants Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
On January 20, 2012, the Company assigned its Kentucky drilling permit for XUN002 on the forfeited Tillett Lease to Cook Oil Company, LLC. (COCL) in consideration of an override royalty of 2.5% of the value of all oil produced and removed under the permit and the net proceeds received by COCL from the sale of all gas and casing head gasoline produced and sold under the Permit. COCL is to commence operations on the permit before March 31, 2012.
For a more detailed description of the Permit Assignment entered into with Cook Oil Company, LLC you should review the ASSIGNMENT OF OIL AND GAS PERMIT in its entirety which is attached hereto and marked Exhibit 10.1
Item 9.01 Financial Statements and Exhibits.
Exhibit
10.1
ASSIGNMENT OF OIL AND GAS PERMIT
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
January 24, 2012
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| Xun Energy, Inc. BY: /S/ Jerry G. Mikolajczyk Name: Jerry G. Mikolajczyk Title: President/CEO |
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