FORM OF COMMON STOCK PURCHASE WARRANTLaredo Oil, Inc. • July 28th, 2010 • Crude petroleum & natural gas
THIS COMMON STOCK PURCHASE WARRANT (the “Warrant”) certifies that, for value received, [ _____ ] or its assigns (the “Holder”) is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after the date hereof (the “Initial Exercise Date”) and on or prior to the close of business on the five year anniversary of the Initial Exercise Date (the “Termination Date”) but not thereafter, to subscribe for and purchase from Laredo Oil, Inc., a Delaware corporation (the “Company”), up to [ _____ ] shares (as subject to adjustment hereunder, the “Warrant Shares”) of Common Stock. The purchase price of one share of Common Stock under this Warrant shall be equal to the Exercise Price, as defined in Section 2(b).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • November 29th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • North Carolina
This Securities Purchase Agreement (the “Agreement”) is dated as of November 18, 2022, by and between Laredo Oil, Inc., a Delaware corporation, with its address at 2021 Guadalupe Street, Suite 260, Austin, Texas 78705 (the “Company”), and JanBella Group, LLC, with its address at 20311 Chartwell Center Drive, Suite 1469, Cornelius, North Carolina 28031 (the “Buyer”).
SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • July 28th, 2010 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
This Securities Purchase Agreement (this “Agreement”) is dated as of July 26, 2010, between Laredo Oil, Inc., a Delaware corporation (the “Company”), and each purchaser identified on the signature pages hereto (each, including its successors and assigns, a “Purchaser” and collectively, the “Purchasers”).
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • September 14th, 2010 • Laredo Oil, Inc. • Crude petroleum & natural gas • Wyoming
This EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of the 20th day of October, 2009, by and between LAREDO OIL, INC., a Delaware corporation with offices at Highway 335, Big Horn Wyoming 82833 (the “Corporation”), and BRADLEY SPARKS, an individual residing at 9452 E Heritage Trail Dr, Scottsdale AZ 85255 (“Executive”).
LAREDO MINING, INC.Laredo Mining, Inc. • August 25th, 2008 • Delaware
AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • October 15th, 2014 • Laredo Oil, Inc. • Crude petroleum & natural gas
This Amendment (this “Amendment”) to the Executive Employment Agreement by and between Laredo Oil, Inc., a Delaware corporation (the “Company”), and Mark See (“Executive”), dated as of October 16, 2009 (the “Agreement”), is made and entered into as of October 15, 2014 (the “Effective Date”) by the Company and the Executive. Capitalized terms used but not otherwise defined in this Amendment shall have the meanings given thereto in the Agreement.
LAREDO OIL, INC. AMENDED AND RESTATED NOTE PURCHASE AGREEMENTNote Purchase Agreement • June 2nd, 2023 • Laredo Oil, Inc. • Crude petroleum & natural gas • Texas
This Amended and Restated Note Purchase Agreement (this “Agreement”) is made as of May 30, 2023 (the “Effective Date”), by and among Laredo Oil, Inc., a Delaware corporation (the “Company”), and the persons and entities (each, an “Investor” and collectively, the “Investors”) who execute this Agreement. This Agreement is amending and restating in its entirety that certain Note Purchase Agreement, by and between the Company and SMJJB, LLC, dated as of September 23, 2022, as amended to date (the “Prior Agreement”).
AMENDED AND RESTATED WARRANT TO PURCHASE STOCK OF LAREDO OIL, INC.Purchase Agreement • October 17th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • Delaware
This Amended and Restated Warrant amends and restates in its entirety the original Warrant issued pursuant to that certain Note and Warrant Purchase Agreement dated as of [ISSUE DATE], 2010 (the “Purchase Agreement”), by and among the Company, the original holder of this Warrant and certain other investors listed on the Schedule of Investors attached to the Purchase Agreement as Exhibit A, and is subject to the provisions thereof.
LICENSE AGREEMENT between MARK SEE, an individual and LAREDO OIL, INC., a Delaware corporation Dated as of June 14, 2011License Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS LICENSE AGREEMENT (this “Agreement”) is dated as of June 14, 2011 (“Agreement Date”), and is between MARK SEE, an individual (“Licensor”), and LAREDO OIL, INC., a Delaware corporation (“Licensee”).
FINANCIAL ADVISORY AGREEMENTFinancial Advisory Agreement • July 25th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Florida
The purpose of this letter (the “Agreement”) is to confirm the engagement of Dawson James Securities, Inc. (“Dawson”) by Laredo Oil, Inc. (the “Company”) to render financial advisory services to the Company.
CONSOLIDATED, AMENDED AND RESTATED SENIOR PROMISSORY NOTESenior Promissory Note • January 19th, 2021 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS CONSOLIDATED, AMENDED AND RESTATED SENIOR PROMISSORY NOTE, is made and entered into as of December 31, 2020, by Laredo Oil, Inc., a Delaware corporation (“Borrower”), for the benefit of Alleghany Corporation, a Delaware corporation (“Lender”).
NET PROFITS INTEREST AGREEMENTNet Profits Interest Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Colorado
This Net Profits Interest Agreement (this “Agreement”) dated October [●], 2021 (the “Effective Date”), is by and among Lustre Oil Company LLC, a Montana limited liability company (“Lustre”), Erehwon Oil & Gas, LLC, a Colorado limited liability company (“Erehwon” and together with Lustre, “Owners”), Olfert No. 11-4 Holdings, LLC, a Montana limited liability company (“Holdings”), and Laredo Oil, Inc., a Delaware corporation (for the limited purpose of the Payment Credit as set forth in Section 2) (“Laredo”). Lustre, Erehwon and Holdings may collectively be referred to herein as the “Parties” and each as a “Party.”
ContractLaredo Oil, Inc. • May 1st, 2020 • Crude petroleum & natural gas
SBA Loan # SBA# 78111772-01 / IBKC Loan #5300782203 SBA Loan Name LAREDO OIL, INC. Date April 28, 2020 Loan Amount $1,233,656.00 Interest Rate 1.00% Fixed Rate Borrower LAREDO OIL, INC. Lender IBERIABANK
SECURITY AGREEMENTSecurity Agreement • January 19th, 2021 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
This SECURITY AGREEMENT, dated as of December 31, 2020 (together with all amendments, if any, from time to time hereto, this “Agreement”), by and among Stranded Oil Resources Corporation, a Delaware corporation (the “Grantor”), Laredo Oil, Inc., a Delaware corporation (the “Borrower”), and Alleghany Corporation, a Delaware corporation (the “Secured Party”).
EMPLOYMENT AGREEMENTEmployment Agreement • August 29th, 2014 • Laredo Oil, Inc. • Crude petroleum & natural gas • Texas
This EMPLOYMENT AGREEMENT (this "Agreement") effective as of the 16th day of October, 2013 (the "Effective Date"), by and between LAREDO OIL, INC., a Delaware corporation with offices at 111 Congress Avenue, Suite 400; Austin, Texas 78701 (the "Corporation"), and CHRISTOPHER E. LINDSEY, an individual residing at 103 E. Fairbranch Circle, The Woodlands, Texas 77382 ("Employee").
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • September 14th, 2010 • Laredo Oil, Inc. • Crude petroleum & natural gas • Wyoming
This EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of the 16th day of October, 2009, by and between LAREDO OIL, INC., a Delaware corporation with offices at 580 Highway 335, Big Horn Wyoming. 82833 (the "Corporation"), and MARK SEE, an individual residing at 44 Polo Drive, Big Horn, WY 82833 ("Executive").
LOAN AGREEMENTLoan Agreement • November 24th, 2010 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS LOAN AGREEMENT (this "Agreement") is made as of November 22, 2010, by and between ALLEGHANY CAPITAL CORPORATION, a Delaware corporation ("Alleghany"), and LAREDO OIL, INC., a Delaware corporation ("Laredo").
CONSULTING AGREEMENTConsulting Agreement • January 19th, 2021 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
This CONSULTING AGREEMENT (the “Agreement”) is entered into as of December 31, 2020, by and between Alleghany Corporation, a Delaware corporation (the “Company”), and Laredo Oil, Inc., a Delaware corporation (“Consultant,” and the Company and Consultant together referred to herein as the “Parties”).
Acquisition and Participation AGREEMENT (Lustre-Midfork Prospect)Acquisition and Participation Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Acquisition and Participation Agreement (“Agreement”), dated effective as of June 3, 2021 (“Effective Date”), is between and among CAT CREEK HOLDINGS LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Operator” or “Cat Creek”), Laredo Oil, Inc., a Delaware corporation with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Laredo Oil”) and Lustre Oil Company LLC, a Montana limited liability company with an office located at 398 Sage Lane, Winnett, Montana 59087 (“Lustre Oil”) (Laredo Oil and Lustre Oil, collectively with their Representatives “Lustre”) and LARIS OIL & GAS, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Laris Oil”) and Erehwon Oil & Gas, LLC, a Colorado limited liability company with an office located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Erehwon Oil”), (Laris Oil and Erehwon Oil, collectively with their Repre
FINDER’S FEE AGREEMENT between STRANDED OIL RESOURCES CORPORATION, a Delaware corporation and LAREDO OIL, INC., a Delaware corporation Dated as of June 14, 2011S Fee Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS FINDER’S FEE AGREEMENT (this “Agreement”) is dated as of June 14, 2011 (“Agreement Date”), and is between STRANDED OIL RESOURCES CORPORATION, a Delaware corporation (the “Company”) and LAREDO OIL, INC., a Delaware corporation (“Laredo”).
COMMON STOCK PURCHASE WARRANT LAREDO OIL, INC.Investment Banking Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas
PARTICIPATION AGREEMENT (Midfork Field Development)Participation Agreement • January 25th, 2024 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Participation Agreement (“Agreement”), dated effective as of January 19, 2024 (“Effective Date”), is between and among HELL CREEK CRUDE LLC, a Montana limited liability company located at 398 Sage Lane, Winnett, Montana 59087 (“HCC”), EREHWON OIL & GAS, LLC, a Colorado limited liability company located at 9876 Clairton Way, Highlands Ranch, Colorado 80126 (“Erehwon”), and the additional signatories to this Agreement (“Investors”). HCC, Investors and Erehwon may be referred to herein individually as a “Party” or collectively as the “Parties”.
STOCKHOLDERS AGREEMENT among LAREDO OIL, INC., a Delaware corporation ALLEGHANY CAPITAL CORPORATION, a Delaware corporation and STRANDED OIL RESOURCES CORPORATION, a Delaware corporation Dated as of June 14, 2011Stockholders Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS STOCKHOLDERS AGREEMENT (this “Agreement”) is dated as of June 14, 2011, and is among LAREDO OIL, INC., a Delaware corporation (the “Laredo”), ALLEGHANY CAPITAL CORPORATION, a Delaware corporation (“Alleghany”), and STRANDED OIL RESOURCES CORPORATION, a Delaware corporation (the “Company”).
ADDITIONAL INTERESTS GRANT AGREEMENT between STRANDED OIL RESOURCES CORPORATION, a Delaware corporation and LAREDO OIL, INC., a Delaware corporation Dated as of June 14, 2011Additional Interests Grant Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS ADDITIONAL INTERESTS GRANT AGREEMENT (this “Agreement”) is dated as of June 14, 2011 (“Agreement Date”), and is between STRANDED OIL RESOURCES CORPORATION, a Delaware corporation (the “Company”) and LAREDO OIL, INC., a Delaware corporation (“Laredo”).
COMMON STOCK PURCHASE AGREEMENTCommon Stock Purchase Agreement • June 20th, 2023 • Laredo Oil, Inc. • Crude petroleum & natural gas • Delaware
This Common Stock Purchase Agreement (this “Agreement”), dated as of June 15, 2023 (the “Effective Date”), is entered into by and between Laredo Oil, Inc., a Delaware corporation (the “Company”), and Robert Adamo (“Purchaser”).
ASSIGNMENT AGREEMENT AND CONSENTAssignment Agreement and Consent • June 24th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Assignment Agreement and Consent (this “Assignment”) dated June 22, 2022 (the “Effective Date”), is by and among Laredo Oil, Inc. (“Laredo”), Bradley Sparks (“Assignee”), and Olfert No. 11-4 Holdings, LLC (the “Company”). Laredo, Assignee, and the Company may each be referred to individually herein as a “Party” and collectively as the “Parties.”
SECURITIES PURCHASE AGREEMENT by and among ALLEGHANY CORPORATION, STRANDED OIL RESOURCES CORPORATION, SORC HOLDINGS LLC, and LAREDO OIL, INC. dated as of December 31, 2020Securities Purchase Agreement • January 19th, 2021 • Laredo Oil, Inc. • Crude petroleum & natural gas • Delaware
This Securities Purchase Agreement (this “Agreement”), dated as of December 31, 2020, is entered into by and among Alleghany Corporation, a Delaware corporation (“Seller”), Stranded Oil Resources Corporation, a Delaware corporation (“Company”), SORC Holdings LLC, a Delaware limited liability company (“Buyer”), and Laredo Oil, Inc., a Delaware corporation (“Laredo”, and collectively with Seller, Company, and Buyer, the “Parties”, and each individually, a “Party”).
Limited Liability Company Agreement of Laredo Royalty Incentive Plan, LLC a Delaware Limited Liability Company As Of October 11, 2012Limited Liability Company Agreement • October 15th, 2012 • Laredo Oil, Inc. • Crude petroleum & natural gas • Texas
This LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) of Laredo Royalty Incentive Plan, a Delaware limited liability company (the “Company”), dated as of October 11, 2012 (the “Effective Date”), is adopted, executed and agreed to, for good and valuable consideration, by the Company, Laredo Oil, Inc., a Delaware corporation (“Laredo”) and the other Members (as defined below) admitted to the Company as of the Effective Date.
AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF OLFERT NO. 11-4 HOLDINGS, LLC a Montana Limited Liability Company November [•], 2021Limited Liability Company Operating Agreement • January 19th, 2022 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) of Olfert No. 11-4 Holdings, LLC, a Montana limited liability company (the “Company”), dated effective as of November [•], 2021 (the “Effective Date”), is adopted, executed and agreed to by Laredo Oil, Inc., a Delaware limited liability company (“Laredo”), the Company, and the Members (as defined below) that are signatories hereto or that execute an Adoption Agreement (as defined below) after the Effective Date.
ASSET PURCHASE AND SALE AGREEMENT by and between Carrell Oil Company and Cat Creek Holdings LLC Dated as of July 1, 2020Asset Purchase and Sale Agreement • August 31st, 2020 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Asset Purchase and Sale Agreement (“Agreement”) dated July 1, 2020, is by and between CARRELL OIL COMPANY, a Montana corporation (hereinafter called “Seller”) and CAT CREEK HOLDINGS LLC, a Montana limited liability company (hereinafter called “Buyer) and LARRY CARRELL, SUCCESSOR CO-TRUSTEE OF THE FIRST AMENDED LLOYD CARRELL TRUST, DATED MARCH 28, 2018 (hereinafter “Seller Shareholder”) (each a “Party” and collectively the “Parties”).
EXPLORATION AND DEVELOPMENT AGREEMENT LUSTRE FIELD PROSPECTExploration and Development Agreement • July 24th, 2023 • Laredo Oil, Inc. • Crude petroleum & natural gas
This Agreement is made and entered into the 18th day of July 2023, by and between Texakoma Exploration & Production, LLC, a Texas limited liability company hereinafter referred to as “Texakoma”, Lustre Oil Company, LLC, a Montana limited liability company hereinafter referred to as “Lustre” and Erehwon Oil & Gas, LLC, a Colorado limited liability company hereinafter referred to as “Erehwon”. Lustre and Erehwon may be collectively referred to herein as “LOC”. Texakoma and LOC may be referred to herein individually as a “Party” and collectively as the “Parties”. In consideration of the mutual covenants herein made, the Parties agree as follows:
LOAN AGREEMENTLoan Agreement • April 12th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
THIS LOAN AGREEMENT (this “Agreement”) is made as of April 6, 2011, by and between ALLEGHANY CAPITAL CORPORATION, a Delaware corporation (“Alleghany”), and LAREDO OIL, INC., a Delaware corporation (“Laredo”).
LIMITED LIABILITY COMPANY AGREEMENT OF CAT CREEK HOLDINGS LLCLimited Liability Company Agreement • August 31st, 2020 • Laredo Oil, Inc. • Crude petroleum & natural gas • Montana
This Limited Liability Company Agreement of Cat Creek Holdings LLC (the “Company”) is made as of June 30, 2020, by Laredo Oil, Inc., a Delaware corporation (“Laredo”), as the sole Member of the Company, and each Person who becomes an Additional Member of the Company in accordance with the provisions hereof and whose name is set forth as a Member on Schedule A hereto.
LAREDO OIL, INC. NOTE AND WARRANT PURCHASE AGREEMENTNote and Warrant Purchase Agreement • June 9th, 2010 • Laredo Oil, Inc. • Crude petroleum & natural gas • Delaware
This NOTE AND WARRANT PURCHASE AGREEMENT (this “Agreement”) is made as of ___________ (the “Effective Date”), by and among LAREDO OIL, INC. a Delaware corporation (the “Company”), and the parties listed on the Schedule of Investors attached to this Agreement as Exhibit A (individually an “Investor” and collectively the “Investors”).
MANAGEMENT SERVICES AGREEMENT between LAREDO OIL, INC., a Delaware corporation and STRANDED OIL RESOURCES CORPORATION, a Delaware corporation Dated as of June 14, 2011Management Services Agreement • June 20th, 2011 • Laredo Oil, Inc. • Crude petroleum & natural gas • New York
This MANAGEMENT SERVICES AGREEMENT (this "Agreement") is dated as of June 14, 2011 (“Agreement Date”), and is between LAREDO OIL, INC., a Delaware corporation (“Laredo”), and STRANDED OIL RESOURCES CORPORATION, a Delaware corporation (“the Company”).
