PROMISSORY NOTE (this “Note”)Promissory Note • November 23rd, 2011 • Lucas Energy, Inc. • Crude petroleum & natural gas
On the date set forth above, for value received, LUCAS ENERGY, INC., a Nevada corporation (“Borrower”) unconditionally promises to pay to the order of NORDIC OIL USA 1, LLLP, a Delaware limited liability partnership, (“Lender”) as provided for in that certain Purchase and Sale Agreement dated the 13th day of October, 2011, between Borrower and Lender (the “Agreement”), (i) the principal amount of TWENTY-TWO MILLION AND NO/100 DOLLARS ($22,000,000.00) and (ii) interest on the principal balance remaining unpaid from the date of this Note until maturity at a rate of interest equal to six percent (6%). All past due principal hereof and interest thereon shall bear interest from the maturity as such principal and interest at the rate of six percent (6%) per annum until paid. All payments of both principal and interest shall be payable to Lender in Las Vegas, Nevada, or such other place as Lender may designate in writing.
PURCHASE AGREEMENTPurchase Agreement • November 23rd, 2011 • Lucas Energy, Inc. • Crude petroleum & natural gas • Texas
THIS PURCHASE AGREEMENT is made as of the 13th day of October 2011 (the “Agreement”), by and between Lucas Energy, Inc., a Nevada corporation, with offices at 3555 Timmons Lane, Suite 1550, Houston, Texas 77027 (“LEI”) and XXXX XXXX, an individual, whose address is XXXXXX XXXX (“XXXX”).
PURCHASE AND SALE AGREEMENT Dated October 13, 2011 Effective as of August 1, 2011 by and between Nordic Oil USA 1, LLLP, as Seller, and Lucas Energy, Inc., as BuyerPurchase and Sale Agreement • November 23rd, 2011 • Lucas Energy, Inc. • Crude petroleum & natural gas • Texas
This Purchase and Sale Agreement (the “Agreement”) is made this 13th day of October, 2011, to be effective the 1st day of August, 2011, by and between Nordic Oil USA 1, LLLP, a Delaware limited partnership, having its principal address at 3887 Pacific Street, Las Vegas, Nevada 89121 (“Seller”) and Lucas Energy, Inc., a Nevada corporation, having its principal address at 3555 Timmons Lane, Suite 1550, Houston, Texas 77027 and (“Buyer”). Buyer and Seller may be referred to herein collectively as the “Parties” and individually as a “Party.”
