LOAN AGREEMENTLoan Agreement • December 15th, 2004 • Source Energy Corp /Ut/ • Crude petroleum & natural gas • Texas
The Borrower, a corporation duly organized, existing in good standing under the laws of the State of Nevada and with its principal office, place of record-keeping and mailing address stated above, has applied to Lender for a loan to be evidenced by Borrower’s promissory note dated April 11, 2003, in the principal amount of $400,000.00, bearing interest at the rates therein specified and containing certain other terms and conditions as set forth therein (the “Note”). Repayment of the Note is personally guaranteed by COMANCHE WELL SERVICE CORPORATION and LACY J. HARBER (the “Guarantor”) and further secured by: Oil and Gas Deed of Trust, Security Agreement, Assignment of Production and Financing Statement and UCC-1 Financing Statement; Commercial Deed of Trust, Security Agreement and Assignment of Rents and UCC-1 Financing Statement filed with the Secretary of State of the State of Texas, covering real and personal property situated in Bowie County, Texas; Oil and Gas Deed of Trust, Secur
STOCK PURCHASE AGREEMENTStock Purchase Agreement • December 15th, 2004 • Source Energy Corp /Ut/ • Crude petroleum & natural gas • Utah
THIS STOCK PURCHASE AGREEMENT (the “Agreement”) is made and effective November 17, 2004 by and between ENERGYTEC, INC., a Nevada corporation (“Purchaser”) and CRAIG CARPENTER (the “Seller”).
CLOSING AGREEMENTClosing Agreement • December 15th, 2004 • Source Energy Corp /Ut/ • Crude petroleum & natural gas • Utah
CLOSING AGREEMENT (“Agreement”) dated as of December 7, 2004, by and between ENERGYTEC, INC., a Nevada corporation (“Purchaser”), CRAIG CARPENTER (“Seller”), and LEONARD W. BURNINGHAM, ESQ. (“LWB”).
MODIFICATION AGREEMENT (to be recorded in Bowie County, Texas)Modification Agreement • December 15th, 2004 • Source Energy Corp /Ut/ • Crude petroleum & natural gas
WHEREAS, PRODUCERS PIPELINE CORPORATION (“Producers” executed and delivered to AMERICAN BANK OF TEXAS that promissory note dated May 11, 1999, in the original principal sum of $2,400,000.00 (“Note No. 1”), that promissory note dated May 11, 2000, in the original principal sum of $1,000,000.00 (“Note No. 2”) AND that promissory note dated May 5, 2000, in the original principal sum of $250,000.00 (“Note No. 3”) which notes are currently held by Lender (“Note No. 1, Note No. 2 and Note No. 3 are sometimes referred to herein as the “Indebtedness”); and
