NOTE AND WARRANT PURCHASE AGREEMENTNote and Warrant Purchase Agreement • April 19th, 2010 • Nova Energy, Inc. • Crude petroleum & natural gas • Illinois
THIS NOTE AND WARRANT PURCHASE AGREEMENT, dated as of April 5, 2010 (this “Agreement”), is entered into by and between NOVA ENERGY, INC., a Nevada corporation with its principal executive office at 2520 South Third Street #206, Louisville, Kentucky 40208 (the “Company”), and TONAQUINT, INC., a Utah corporation, its successors or assigns (the “Buyer”), with its principal executive office at 303 East Wacker Drive, Suite 311, Chicago, Illinois 60601.
SECURITY AGREEMENTSecurity Agreement • April 19th, 2010 • Nova Energy, Inc. • Crude petroleum & natural gas • Illinois
This Security Agreement (this “Security Agreement”), dated as of April 5, 2010, is executed by Nova Energy, Inc., a Nevada corporation (“Debtor”), in favor of Tonaquint, Inc., a Utah corporation (“Secured Party”).
ContractNova Energy, Inc. • April 19th, 2010 • Crude petroleum & natural gas • Illinois
THIS NOTE MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED, HYPOTHECATED OR OTHERWISE ALIENATED OR ENCUMBERED WITHOUT THE PRIOR WRITTEN CONSENT OF THE BORROWER.
MORTGAGEAgreement • April 19th, 2010 • Nova Energy, Inc. • Crude petroleum & natural gas
THIS AGREEMENT, made April 5, 2010, between Tonaquint, Inc., a Utah corporation, with its principal office at 303 East Wacker Drive, Suite 311, Chicago, Illinois 60601 (“Mortgagor”), and Nova Energy, Inc. a Nevada corporation, with its principal office at 2520 South Third Street #206, Louisville, Kentucky 40208 (“Mortgagee”), witnesseth:
ContractNova Energy, Inc. • April 19th, 2010 • Crude petroleum & natural gas • Illinois
THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS WARRANT AND THE COMMON SHARES ISSUABLE UPON EXERCISE OF THIS WARRANT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THIS WARRANT UNDER SUCH ACT AND ANY APPLICABLE STATE SECURITIES LAW OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO NOVA ENERGY, INC. THAT SUCH REGISTRATION IS NOT REQUIRED.
