Common use of LETTER(S) OF CREDIT COST Clause in Contracts

LETTER(S) OF CREDIT COST. In the event Condor Energy requires any Letters of Credit in connection with this contract, any cost incurred by CCC in therewith shall be promptly reimbursed by Condor Energy to CCC. ConocoPhillips’s General Provisions dated January 01, 1993 attached hereto as Exhibit B are incorporated herein and made a part hereof; provided, however, it is understood and agreed that this Crude Oil Purchase Contract is for the sale of lease crude by Condor Energy to CCC, that there is no associated obligation of CCC to resell or exchange a similar quantity of crude back to Condor Energy, and that the terms in the ConocoPhillips General Provisions pertaining to such obligations are not applicable. To the extent of any conflict between the provisions herein and the General Provisions, the provisions herein shall govern. If Division Orders have been issued to Condor Energy by CCC and executed by Condor Energy covering the xxxxx on Exhibit “A”, the Division Orders are incorporated herein and made a part hereof. The provisions of this Agreement, including but not limited to those relating to term, rights of termination, price and otherwise, shall be applicable and govern, notwithstanding any provision in the Division Orders to the contrary. All invoices and notices given pursuant to this contract shall be in writing, faxed or emailed and shall be deemed delivered when received by the other party at the address specified below: Notices and all other correspondence to CCC shall be mailed, faxed or emailed as follows: Central Crude Corporation 0000 X. Xxxxxxxxxxx Xx. Xxxxxxx, XX 00000 Phone: 000-000-0000 Fax: 000-000-0000 Email: xxxxxxx@xxxxxxx.xxx Notices and all other correspondence to Condor Energy shall be mailed, faxed or emailed as follows: Condor Energy Technology, LLC 0000 Xxxxxxxxx Xxxxx Xxxxxx, Xxx. 000X Xxxxxxxx, XX 00000 Phone: 000-000-0000 Fax: 000-000-0000 Email: xxxxxx@xxxxxxxxxxxxxxxxxxxxxxxx.xxx xxxxxxxxx@xxxxxxxxxxxxxxxxxxxxxxxx.xxx Accepted and agreed this _____ day of _____________________,_________. Accepted and agreed this _____ day of _____________________,_________. BUYER SELLER Central Crude Corporation Condor Energy Technology, LLC By: ________________________________ By: ________________________________ Name: Xxxxxxx X. Xxxxxx Name: ________________________________ Title: Vice President Title: ________________________________ EXHIBIT “F” SEISMIC DATA LICENSE AGREEMENT Berexco LLC (hereinafter referred to as "Berexco") represents that it has ownership rights and authority to make available certain seismic data (more particularly described below) to Condor Energy Technology LLC (hereinafter referred to as “Condor”) and that such seismic data are transferred subject to the following conditions:

LETTER(S) OF CREDIT COST. In the event Condor Energy Pacific requires any Letters of Credit in connection with this contract, any cost incurred by CCC in therewith shall be promptly reimbursed by Condor Energy Pacific to CCC. ConocoPhillips’s General Provisions dated January 01, 1993 attached hereto as Exhibit B are incorporated herein and made a part hereof; provided, however, it is understood and agreed that this Crude Oil Purchase Contract is for the sale of lease crude by Condor Energy Pacific to CCC, that there is no associated obligation of CCC to resell or exchange a similar quantity of crude back to Condor EnergyPacific, and that the terms in the ConocoPhillips General Provisions pertaining to such obligations are not applicable. To the extent of any conflict between the provisions herein and the General Provisions, the provisions herein shall govern. If Division Orders have been issued to Condor Energy Pacific by CCC and executed by Condor Energy Pacific covering the xxxxx on Exhibit “A”, the Division Orders are incorporated herein and made a part hereof. The provisions of this Agreement, including but not limited to those relating to term, rights of termination, price and otherwise, shall be applicable and govern, notwithstanding any provision in the Division Orders to the contrary. All invoices and notices given pursuant to this contract shall be in writing, faxed or emailed and shall be deemed delivered when received by the other party at the address specified below: Notices and all other correspondence to CCC shall be mailed, faxed or emailed as follows: Central Crude Corporation 0000 X. Xxxxxxxxxxx Xx. Xxxxxxx, XX 00000 Phone: 000-000-0000 Fax: 000-000-0000 Email: xxxxxxx@xxxxxxx.xxx Notices and all other correspondence to Condor Energy Pacific shall be mailed, faxed or emailed as follows: Condor Pacific Energy Technology, Development MSL LLC 0000 Xxxxxxxxx Xxxxx Xxxxxx, Xxx. 000X Xxxxxxxx, XX 00000 Phone: 000-000-0000 Fax: 000-000-0000 Email: xxxxxx@xxxxxxxxxxxxxxxxxxxxxxxx.xxx xxxxxxxxx@xxxxxxxxxxxxxxxxxxxxxxxx.xxx Accepted and agreed this _____ day of _____________________,_________. Accepted and agreed this _____ day of _____________________,_________. BUYER SELLER Central Crude Corporation Condor Energy Technology, LLC By: _____________________,___________ . BUYER SELLER Central Crude Corporation Pacific Energy Development MSL LLC By: _________________By: Name: Xxxxxxx X. Xxxxxx Name: Title: Vice President Title: EXHIBIT “E” BEREXCO LLC March 8, 2012 Prospective Purchaser: Will Sparker Manager Business Development STXRA LLC Dear _______________ Name: Xxxxxxx X. Xxxxxx Name: ________________________________ Title: Vice President Title: ________________________________ EXHIBIT “F” SEISMIC DATA LICENSE AGREEMENT Berexco LLC (hereinafter referred to as "Berexco") represents that it has ownership rights This Agreement is entered into by and authority to make available certain seismic data (more particularly described below) to Condor Energy Technology between BEREXCO LLC (hereinafter referred to as “CondorBEREXCO”) and the Prospective Purchaser shown above (hereinafter referred to us “RECIPIENT”), in contemplation of the investigation, evaluation, negotiation and/or execution of a possible agreement between BEREXCO and RECIPIENT concerning the sale and purchase of oil and gas interests covering and the exploration and development thereof, on lands generally depicted on Exhibit “A” (limited to acreage that such seismic data are transferred subject Berexco has interests) attached hereto and made a part hereof and to be more fully described upon execution of this Agreement (the following conditions“Confidential Area”). It is agreed as follows: