Document:

Unassociated Document

    NOTE
PURCHASE AGREEMENT

    

    NOTE PURCHASE AGREEMENT, dated this
16th of June, 2010 (this “Agreement”), is entered into by and between TIGA
ENERGY SERVICES, INC. a Texas corporation (the “Company”), and David Meck (the
“Investor”).

    

    RECITALS

    

    WHEREAS, the Investor desires to
purchase from the Company, and the Company desires to issue and sell to the
Investor, a convertible promissory note in the aggregate principal amount of Two
Hundred Fifty Thousand dollars ($250,000.00), in the form attached hereto as
Exhibit A (the “Note”);
and

    

    WHEREAS, the Company and the Investor
are executing and delivering this Agreement in reliance upon the exemption from
securities registration afforded by Section 4(2) of the United States Securities
Act of 1933, as amended (the “Securities Act”), and
Regulation D, as promulgated by the United States Securities and Exchange
Commission (the “SEC”)
under the Securities Act; and

    

    WHEREAS, the Company has authorized the
issuance of the Note and the shares of the Company’s common stock, no par value
per share (the “Common
Stock”), issuable upon conversion of the Note (the “Conversion Shares” and
together with the Note, the “Securities”); and

    

    WHEREAS, the Investor wishes to
purchase, and the Company wishes to sell, upon the terms and conditions stated
in this Agreement, the Note.

    

    AGREEMENT

    

    NOW, THEREFORE, in consideration for
the mutual covenants contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto, intending to be legally bound, agree as
follows:

    

    ARTICLE
1

    PURCHASE
AND SALE OF NOTE

    

    1.1.           Notes. Subject to the terms
and conditions hereof, the Company hereby issues and sells to the Investor, and
the Investor hereby purchases from the Company, the Note.

    

    1.2.           Purchase Price. The aggregate
purchase price for the Note to be purchased by the Investor is $250,000.00
(“Purchase
Price”).

    

    1.3.           Payment of Purchase
Price.  Promptly after the execution of this Agreement, the
Investor will initiate a wire transfer in the amount of the Purchase Price to
the account coordinates provided by the Company to the Investor.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    ARTICLE
2

    REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

    

    The Company represents and warrants to
the Investor as follows:

    

    2.1.           Organization. Good Standing
and Qualification. The Company has been duly incorporated and organized, and is
validly existing and in good standing, under the laws of the State of
Texas.  The Company has all requisite corporate power and authority to
execute, deliver, and perform its obligations under this Agreement, the
Notes and the Warrants (this Agreement and the Notes are referred to
collectively in this Agreement as the “Transaction Documents”), and any other
agreements contemplated by Transaction Documents, to own and operate its
properties and assets, and to carry on its business as currently conducted and
as presently proposed to be conducted.  The Company is presently
qualified to do business as a foreign corporation and is in good standing in
each jurisdiction in which the failure to be so qualified could reasonably be
expected to have a material adverse effect on the assets, liabilities, condition
(financial or other), business or results of operations of the Company (a “Material Adverse
Effect”).

     

    2.2.           Capitalization. As of the date
hereof, the authorized capital stock of the Company consists of 10,000,000
shares of Common Stock, of which 4,114,000 are outstanding as of the date
hereof.  All of the shares of Common Stock have been duly authorized,
are fully paid and non-assessable and have been issued in accordance with all
applicable federal and state securities laws.  Except as set forth on
Schedule 2.2 hereto or as otherwise contemplated by this Agreement, there are no
outstanding options, warrants or other equity securities that are convertible
into, exercisable for, or that grant any person a right to acquire any, shares
of the Company’s capital stock.

     

    2.3.           Subsidiaries. The Company has
no subsidiaries and does not own or control, directly or indirectly, any
interest in any other corporation, partnership, limited liability company,
trust, joint venture, association, or other entity.  The Company is
not a participant in any joint venture, partnership, or similar
arrangement.

     

    2.4.           Authorization; Enforcement;
Validity.  The Company has the requisite corporate power and
authority to enter into and perform its obligations under this Agreement and the
Note (collectively, the “Transaction Documents”) and to issue the Notes and the
Conversion Shares in accordance with the terms hereof and
thereof.  The execution and delivery of the Transaction Documents by
the Company and the consummation by the Company of the transactions contemplated
hereby and thereby, including the issuance of the Conversion Shares, have been
duly authorized by the Company’s Board of Directors and (other than (i) the
filing of a Form D with respect to the issuance of the Notes as required under
Regulation D and (ii) such filings required under applicable securities or “Blue
Sky” laws of the states of the United States (all of the foregoing, the “Required Approvals”)) no
further filing, consent, or authorization is required by the Company, its Board
of Directors or its shareholders in connection therewith.  The
Transaction Documents have been duly executed and delivered by the Company and
constitutes the legal, valid and binding obligation of the Company, enforceable
against the Company in accordance with its terms, except as such enforceability
may be limited by general principles of equity or applicable bankruptcy,
insolvency, reorganization, moratorium, liquidation or similar laws relating to,
or affecting generally, the enforcement of applicable creditors’ rights and
remedies.

     

    2.5.           Valid Issuance of
Securities.  The Note has been validly issued, and, in the case
of the Conversion Shares upon issuance in accordance with the terms of the Note
will be, fully paid and non-assessable and free from all taxes, liens and
charges with respect to the issuance (but not the acquisition, holding or
disposition) thereof.  The offering, issuance, sale and delivery of
the Note as contemplated by this Agreement is exempt from the registration and
prospectus delivery requirements of the Securities Act, are being made in
compliance with all applicable federal and (except for any violation or
non-compliance that could not reasonably be expected to have a Material Adverse
Effect) state laws and regulations concerning the offer, issuance and sale of
securities, and are not being issued in violation of any preemptive or other
rights of any stockholder of the Company.  The parties hereto agree
and acknowledge that, in making the representations and warranties in the
foregoing sentence of this Section 2.5, the Company is relying on the
representations and warranties made by the Investor in Section 3.

    

    2.6.           Governmental Consents. Other
than the Required Approvals, the Company is not required to obtain any consent,
authorization or order of, or make any filing or registration with, any court,
governmental agency or any regulatory or self-regulatory agency or any other
Person in order for it to execute, deliver or perform any of its obligations
under or contemplated by this Agreement in accordance with the terms
hereof.  All consents, authorizations, orders, filings and
registrations which the Company is required to obtain prior to the Closing will
have been obtained or effected on or prior to the date hereof or within the time
prescribed by law, and the Company is unaware of any facts or circumstances
which might prevent the Company from obtaining or effecting any of the
registration, application or filings pursuant to the preceding
sentence.

     

    
      
         

      

      
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    2.7.           No Violation. The execution
and delivery of the Transaction Documents and the performance by the Company of
the transactions contemplated hereby and thereby will not (i) conflict with or
result in a breach of any provision of the articles of incorporation or by-laws
of the Company, (ii) result in a default or breach of, or require any consent,
approval, authorization or permit of, or filing or notification to, any person,
company or entity under any of the terms, conditions or provisions of any note,
bond, mortgage, indenture, loan, factoring arrangement, license, agreement,
lease or other instrument or obligation to which the Company is a party or by
which the Company or any of its assets may be bound or (iii) violate any law,
judgment, order, writ, injunction, decree, statute, rule or regulation of any
court, administrative agency, bureau, board, commission, office, authority,
department or other governmental entity applicable to the Company, that could
not reasonably be expected to have a Material Adverse Effect or materially
impair the transactions contemplated hereby.

    

    2.8.           Certain Proceedings. There is
no action, suit, inquiry, proceeding or investigation pending or threatened in
writing before or by any court, arbitrator, governmental or administrative
agency, regulatory authority (federal, state, county, local or foreign), that
(i) adversely affects or challenges the legality, validity or enforceability of
any of the Transaction Documents or the Securities or (ii) could, if there were
an unfavorable decision, individually or in the aggregate, have or reasonably be
expected to result in a Material Adverse Effect.

    

    2.9.           No General Solicitation; No Directed
Selling Efforts.  Neither the Company nor any of its
affiliates, nor any person acting on its or their behalf, has engaged in any
form of general solicitation or general advertising (within the meaning of
Regulation D, in connection with the offer or sale of the Note or any securities
substantially similar to the Note (“Similar
Securities”).  The Company has not engaged any placement agent
or other agent in connection with the sale of the Note and is not responsible
for the payment of any fees in connection with the sale and issuance of the
Note.

    

    2.10.           No Integrated
Offering.  None of the Company or any of its affiliates, or any
person acting on its behalf has, directly or indirectly, made any offers or
sales of any security or solicited any offers to buy any security, under
circumstances that would require registration of the Note or any Similar
Securities under the Securities Act or cause this offering of the Note or any
Similar Securities to be integrated with prior offerings by the Company for
purposes of the Securities Act.  None of the Company or its affiliates
or any person acting on its behalf will take any action or steps referred to in
the preceding sentence that would require registration of the Note or any
Similar Securities under the Securities Act or cause the offering of the Note or
any Similar Securities to be integrated with other offerings.

    

    ARTICLE
3

    REPRESENTATIONS,
WARRANTIES AND COVENANTS OF THE INVESTOR

    

    The Investor represents, warrants and
covenants to the Company as follows:

    

    3.1      
Authorization. The Investor has full power and authority to enter into
the Transaction Documents and each such Transaction Agreement constitutes the
Investor’s valid and legally binding obligation, enforceable in accordance with
its terms except (a) as may be limited by applicable bankruptcy, insolvency,
reorganization, or other laws of general application relating to or affecting
the enforcement of creditors’ rights generally, and (b) as may be limited by the
effect of rules of law governing the availability of equitable
remedies.

     

    3.2,     
Acquired for Own Account. The Securities shall be acquired for investment
for the Investor’s own account, not as a nominee or agent, and not with a view
to the public resale or distribution of the Securities within the meaning of the
Securities Act, and the Investor has no present intention of selling, granting
any participation in, or otherwise distributing the same.

     

    3.3      
Exempt Offering. The Investor understands that the Notes are being
offered and sold to it in reliance on specific exemptions from the registration
requirements of United States Federal and state securities laws and that the
Company is relying in part upon the truth and accuracy of, and the Investor’s
compliance with, the representations, warranties, agreements, acknowledgments
and understandings of the Investor set forth herein in order to determine the
availability of such exemptions and the eligibility of the Investor to acquire
the Notes.

     

    
      
         

      

      
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    3.4.           Access to Information. The
Investor believes that it has received all the information it considers
necessary or appropriate for deciding whether to purchase the
Note.  The Investor has had an opportunity to ask questions and
receive answers from the Company regarding the terms and conditions of the
offering of the Securities and the business, properties, prospects, and
financial condition of the Company and to obtain additional information (to the
extent the Company possessed such information or could acquire it without
unreasonable effort or expense) necessary to verify any information furnished to
the Investor or to which the Investor had access.  The foregoing,
however, does not in any way limit or modify the representations and warranties
made by the Company in Section 2.

     

    3.5.           Investment Experience. The
Investor has experience as an investor in securities of companies in the
development stage and acknowledges that it is able to fend for itself, can bear
the economic risk of its investment in the Securities, and has such knowledge
and experience in financial or business matters that it is capable of evaluating
the merits and risks of this investment in the Securities.  The
Investor has a preexisting personal or business relationship with the Company
and certain of its officers, directors, or controlling persons of a nature and
duration that enables the Investor to be aware of the character, business
acumen, and financial circumstances of such persons.

     

    3.6.           Accredited Investor Status.
The Investor is an “accredited investor” within the meaning of Securities and
Exchange Commission (“SEC”) Rule 501 of Regulation D
promulgated under the Securities Act, as presently in effect.  The
Investor is not a registered broker-dealer under Section 15 of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”).

    

    3.7.           General Solicitation. The
Investor acknowledges that it is not purchasing the Note as a result of any
general solicitation or general advertising, as such terms are used in
Regulation D, including advertisements, articles, notices or other
communications published in any newspaper, magazine or similar media or
broadcast over radio or television, or any seminar or meeting whose attendees
have been invited by general solicitation or general advertising.

    

    3.8.           Restricted Securities. The
Investor understands that the Securities are characterized as “restricted
securities” under the Securities Act inasmuch as they are being (or shall be)
acquired from the Company in a transaction not involving a public offering and
that under the Securities Act and applicable regulations under the Securities
Act and that such Securities may be resold without registration under the
Securities Act only in certain limited circumstances.  In this
connection, the Investor represents that it is familiar with SEC Rule 144, as
presently in effect, and understands the resale limitations imposed by SEC Rule
144 and by the Securities Act.  Except as provided in Section 4.7, the
Investor understands that the Company is under no obligation to register any of
the securities sold under this Agreement.  The Investor understands
that no market now exists for any of the Securities and that it is uncertain
whether a market, public or otherwise, shall ever exist for the
Securities.

     

    3.9.           Further Limitations on
Disposition. Without in any way limiting the representations set forth
above, the Investor further agrees not to make any disposition of all or any
portion of the Securities unless and until:

     

    (a) there is then in effect a
registration statement under the Securities Act covering such proposed
disposition and such disposition is made in accordance with such registration
statement; or

    

    (b) the Investor shall have
notified the Company of the proposed disposition and shall have furnished the
Company with a statement of the circumstances surrounding the proposed
disposition, and, if reasonably requested by the Company, the Investor shall, at
the expense of the Investor or its transferee, furnish the Company with an
opinion of counsel, reasonably satisfactory to the Company, that such
disposition shall not require registration of such Securities under the
Securities Act.

     

    3.10.           Legends. It is understood that
the instruments evidencing the Securities shall bear a legend substantially
similar to the legends set forth below (in addition to any legend required under
applicable state securities laws):

     

    (a)  ”[NEITHER THESE
SECURITIES NOR THE SECURITIES ISSUABLE UPON CONVERSION OF THESE SECURITIES HAVE
BEEN REGISTERED] [THESE SECURITIES HAVE NOT BEEN REGISTERED] WITH THE SECURITIES
AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE
UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR
PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO
THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY
ACCEPTABLE TO THE COMPANY.”

    

    
      
         

      

      
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    (b) Any other legends required by state
securities laws applicable to the Investor.

     

    The
legend set forth in Subsection (a) above shall be removed by the Company from
any instruments evidencing the Securities upon delivery to the Company of an
opinion by counsel, reasonably satisfactory to the Company, that a registration
statement under the Securities Act is at that time in effect with respect to the
legended security or that such security can be freely transferred in a public or
private sale without such a registration statement being in effect and that such
transfer shall not jeopardize the exemption or exemptions from registration
pursuant to which the Company issued the Securities.

    

    3.11.           Residency.  For
purposes of United States securities laws, the Investor is a resident of that
jurisdiction specified below its signature on the signature page
hereto.

    

    ARTICLE
4

    COVENANTS

    

    4.1.           Corporate Existence; Good
Standing. The Company shall preserve and maintain its corporate existence
and all of its licenses, privileges and franchises and other rights necessary or
desirable in the normal course of its businesses, except to the extent that the
failure to preserve and maintain its corporate existence and such rights would
not have a Material Adverse Effect on the Company.  The Company shall
qualify to do business and shall be and remain in good standing in each
jurisdiction in which the nature of its business requires it to be so qualified,
or in which failure to be so qualified and in good standing would have a
Material Adverse Effect on the Company.

     

    4.2.           Assets. The Company shall not
sell all or substantially all of its assets without the prior written consent of
the Investor.

    

    4.3.           Compliance with Laws. The
Company shall comply with all governmental requirements, except where the
failure to do so would not have a Material Adverse Effect on the Company. The
Company shall pay and discharge when due any and all indebtedness, obligations,
assessments and real and personal property taxes, including, but not limited to,
federal and state income taxes, except as may be subject to good faith contest
or as to which a bona fide dispute may arise.

     

    4.4.           Integration. The Company shall
not, and shall use its best efforts to ensure that no affiliate of the Company
shall, sell, offer for sale or solicit offers to buy or otherwise negotiate in
respect of any security (as defined in Section 2 of the Securities Act) that
would be integrated with the offer or sale of the Securities in a manner that
would require the registration under the Securities Act of the sale and issuance
of the Securities to the Investors, or that would be integrated with the offer
or sale of the Securities.

    

    4.5.           Reservation of Securities. The
Company shall maintain a reserve from its duly authorized shares of Common Stock
for issuance pursuant to the Transaction Documents in such amount as may be
required to fulfill its obligations in full under the Transaction
Documents.  In the event that at any time the then authorized shares
of Common Stock are insufficient for the Company to satisfy its obligations in
full under the Transaction Documents, the Company shall promptly take such
actions as may be required to increase the number of authorized
shares.

    

    
      
         

      

      
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    4.6.           Notice to Investor of Certain
Corporate Actions. If, at any time while Investor owns any Securities,
the Company proposes to take any action, whether by authority of its board of
directors or by way of a vote of the Company’s shareholders, that would in any
way affect the Securities or the Investor’s rights and privileges of ownership
thereof, including any recapitalization, reorganization, merger, stock split or
similar event, the Company shall provide Investor with twenty (20) days’ written
notice thereof before the taking of any such action.

    

    4.7.           Piggy
Back Registration Rights.

    

    (a) Participation. If at any time after
the date hereof, the Company determines to register any Common Stock on a
registration statement pursuant to the Securities Act (other than (1) in a
registration relating solely to employee benefit plans, (2) a registration
on Form S-4 or S-8 (or such other similar successor forms then in effect under
the Securities Act), (3) a registration pursuant to which the Company is
offering to exchange its own securities, or (4) a registration statement
relating solely to dividend reinvestment or similar plans), then the Company
shall promptly (but in no event less than twenty (20) days before the
filing date of such registration statement) give notice (the “Piggyback Notice”) to the
Investor and the Investor shall be entitled to include in such registration
statement the Registrable Securities (as defined in Subsection (g), below) held
by him.  Subject to Section 4.7(b), the Company shall include in
such registration statement such Registrable Securities for which it has
received written requests to register such shares within ten (10) days
after the Piggyback Notice.

    

    (b) Underwriter’s Cutback.
Notwithstanding the foregoing, if a registration pursuant to this
Section 4.7 involves an underwritten offering of the Company’s securities
and the managing underwriter or underwriters of such proposed underwritten
offering shall advise the Company marketing factors (including, without
limitation, an adverse effect on the per share offering price) require a
limitation of the number of securities to be underwritten, then such
underwritten offering shall include (i) first, 100% of the securities the
Company proposes to sell (unless the Company agrees to reduce the securities to
be sold by the Company), (ii) second, the amount of securities which
holders of Registrable Securities and other holders (if any) of securities
having a right to request registration have requested to include in such
registration that the managing underwriter or underwriters believe can be sold,
such amount to be allocated pro rata among all such holders based upon the
number of issued and outstanding Registrable Securities, in the aggregate, that
are owned by each applicable holder as of the date of the Piggyback
Notice.  No such reduction shall reduce the securities being offered
by the Company for its own account to be included in the registration and
underwriting.

    

    (c) Company Control. The Company may
decline to file a registration statement after giving the Piggyback Notice, or
withdraw a registration statement after filing such Piggyback Notice, but prior
to the effectiveness of the registration statement, provided that the Company
shall promptly notify Investor in writing of any such action and provided
further that the Company shall bear all reasonable expenses incurred by Investor
or otherwise in connection with such withdrawn registration statement.
Notwithstanding any other provision herein, the Company shall have sole
discretion to select any and all underwriters that may participate in any
underwritten offering.

    

    (d) Inclusion in Registration
Statement. At the Company’s reasonable discretion, it may request that Investor
enter into a registration rights agreement between the Company and the Investor
prior to the filing of any registration statement that includes the Investor’s
Registrable Securities. Said registration rights agreement shall be comparable
to any agreements entered into between the Company and the Company’s other
security holders whose securities are being registered in a registration
statement.  The Company may exclude the Investor’s Registrable
Securities in a registration statement if he declines to enter into the
registration rights agreement.

    

    (e) Effectiveness Period. The Company
shall maintain the effectiveness of the registration statement that includes the
Registrable Securities for a period two years commencing on the date the
registration statement is declared effective by the SEC until the earlier of (i)
the sale of all of the Registrable Securities covered by such registration
statement or pursuant to Rule 144 under the Securities Act or any similar
provision then in effect; or (ii) the time at which all of the Registrable
Securities covered by the registration statement are, in the opinion of counsel
for the Company, eligible for sale pursuant to Rule 144 (or any successor or
analogous rule) under the Securities Act.

    

    
      
         

      

      
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    (f) Expenses. The Company will pay all
registration, filing and qualification fees (including state securities law fees
and expenses), printing expenses, escrow fees, fees and disbursements of counsel
for the Company and expenses of any special audits incidental to or required by
such registration in connection with each registration of Registrable Securities
requested pursuant to this Section 4.7; provided, that the Investor shall
pay all applicable stock transfer taxes, underwriting fees, discounts, selling
commissions and similar charges with respect to the Investor’s Registrable
Securities sold by him pursuant to such registration statement.

    

    (g) Registrable
Securities.  For purposes hereof, the term “Registrable Securities” means
the shares of Common Stock issuable (i) upon conversion of the Note, and (ii)
any securities issued or issuable upon any stock split, dividend or other
distribution, recapitalization or similar event, or any conversion price
adjustment with respect to any of the securities referenced in (i),
above.

    

    ARTICLE
5

    GENERAL
PROVISIONS

     

    5.1.           Survival of Representations and
Warranties. The representations, warranties, and covenants of the Company
and the Investor contained in or made pursuant to this Agreement shall survive
the execution and delivery of this Agreement and shall in no way be affected by
any investigation of the subject matter thereof made by or on behalf of the
Investor, its respective counsel, or the Company, as the case may
be.

     

    5.2.           Successors and Assigns. Except
as otherwise provided in this Agreement, the provisions of this Agreement shall
inure to the benefit of and be binding upon the respective successors and
permitted assigns of the parties to this Agreement (including transferees of any
Securities).

     

    5.3.           Third Parties. Nothing in this
Agreement, express or implied, is intended to confer upon any person, other than
the parties to this Agreement and their respective successors and assigns, any
rights, remedies, obligations, or liabilities under or by reason of this
Agreement, except as expressly provided in this Agreement.

     

    5.4.           Governing Law. This Agreement
shall be governed by and construed exclusively in accordance with the internal
laws of the State of Texas as applied to agreements among Texas residents
entered into and to be performed entirely within Texas, excluding that body of
law relating to conflict of laws.

     

    5.5.           Counterparts. This Agreement
may be executed in two or more counterparts (including, without limitation,
facsimile counterparts), each of which shall be deemed an original, but all of
which together shall constitute one and the same agreement.

     

    5.6.           Headings. The headings and
captions used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement. All references in this
Agreement to sections, subsections, exhibits, and schedules shall, unless
otherwise provided, refer to sections and subsections of this Agreement and
exhibits and schedules attached to this Agreement, all of which exhibits and
schedules are incorporated in this Agreement by this reference.

    

    5.7.           Notices. All notices,
requests, consents, and other communications under this Agreement shall be in
writing and shall be delivered personally or by facsimile transmission or by
nationally recognized overnight delivery service or by first class certified or
registered mail, return receipt requested, postage prepaid:

     

    If to the Company, at 8104 Beauregard
Drive, Volente, Texas 78641 or fax to (512) 287-4244, Attention: Michael
Hathaway, or at such other address or addresses as may have been furnished by
giving five days advance written notice to all other parties, with a copy (which
shall not constitute notice) to
___________________________________________________________.

     

    If to the Investor, at
___________________________ or fax to ______________, or at such other address
or addresses as may have been furnished by giving five days advance written
notice to all other parties, with a copy (which shall not constitute notice) to
_____________________________________. 

    

    
      
         

      

      
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    Notices provided in accordance with
this Section shall be deemed delivered upon personal delivery (including
confirmed facsimile) or three business days after deposit in the
mail.

     

    5.8.           No Finder’s Fees. Each party
represents that it neither is nor shall be obligated for any finder’s or
broker’s fee or commission in connection with the transactions contemplated by
this Agreement.  The Investor agrees to indemnify and to hold harmless
the Company from any liability for any commission or compensation in the nature
of a finder’s or broker’s fee (and any asserted liability) for which such
Investor or any of its officers, partners, employees, or representatives is
responsible.  The Company agrees to indemnify and hold harmless the
Investor from any liability for any commission or compensation in the nature of
a finder’s or broker’s fee (and any asserted liability) for which the Company or
any of its officers, employees or representatives is responsible.

     

    5.9.           Attorneys’ Fees and Expenses.
Each party to this Agreement agrees to pay its own fees and expenses arising in
connection with the negotiation and execution of this Agreement and consummation
of the transactions contemplated in this Agreement.

     

    5.10.           Amendments and Waivers. Any
term of this Agreement may be amended and the observance of any term of this
Agreement may be waived (either generally or in a particular instance and either
retroactively or prospectively), only with the written consent of the Company
and the Investor. Any amendment or waiver affected in accordance with this
Section shall be binding upon the Investor and the Company.

     

    5.11.           Severability. If one or more
provisions of this Agreement are held to be unenforceable under applicable law,
such provision(s) shall be excluded from this Agreement and the balance of this
Agreement shall be interpreted as if such provision(s) were so excluded and
shall be enforceable in accordance with its terms.

      

    5.12.           Entire Agreement. This
Agreement, together with all exhibits and schedules to this Agreement,
constitutes the entire agreement and understanding of the parties with respect
to the subject matter of this Agreement and supersedes any and all prior
negotiations, correspondence, agreements, understandings, duties, or obligations
between the parties with respect to the subject matter of this
Agreement.

     

    5.13.     
Further Assurances. From and after the date of this Agreement, upon the
request of the Investor or the Company, the Company and the Investor shall
execute and deliver such instruments, documents, or other writings as may be
reasonably necessary or desirable to confirm and carry out and to effectuate
fully the intent and purposes of this Agreement.

     

    5.14.           Delays or Omissions. No delay
or omission to exercise any right, power, or remedy accruing to the Investor,
upon any breach or default of the Company under this Agreement shall impair any
such right, power, or remedy of such Investor nor shall it be construed to be a
waiver of any such breach or default, or an acquiescence therein, or of or in
any similar breach or default thereafter occurring; nor shall any waiver of any
single breach or default be deemed a waiver of any other breach or default
therefore or thereafter occurring.  Any waiver, permit, consent, or
approval of any kind or character on the part of the Investor of any breach or
default under this Agreement or any waiver on the part of the Investor of any
provisions or conditions of this Agreement must be made in writing and shall be
effective only to the extent specifically set forth in such
writing.  All remedies, either under this Agreement or by law or
otherwise afforded to the Investor, shall be cumulative and not
alternative.

     

    5.15.           Rights of the Investor. The
Investor shall have the absolute right to exercise or refrain from exercising
any right or rights that such Investor may have by reason of the Transaction
Documents, the Company’s Articles of Incorporation and Bylaws, or at law or in
equity, including, without limitation, the right to consent to the waiver of any
obligation of the Company and to enter into an agreement with the Company for
the purpose of modifying the Transaction Documents, and such Investor shall not
incur any liability to any other holder of the Company’s securities with respect
to exercising or refraining from exercising any such right or
rights.

     

    5.16.           Confidentiality. Except as
required by law, the Investor agrees that it shall keep confidential and shall
not disclose or divulge any confidential, proprietary, or secret information
which such Investor may obtain from the Company pursuant to financial
statements, reports, and other materials submitted by the Company to such
Investor pursuant to this Agreement or otherwise, or pursuant to visitation or
inspection rights granted under this Agreement or in the Transaction Documents,
unless such information is known, or until such information becomes known, to
the public; provided, that the Investor may disclose such information (a) to its
attorneys, accountants, consultants, and other professionals to the extent
necessary to obtain their services in connection with its investment in the
Company, (b) to any prospective purchaser of any Securities from such Investor
as long as such prospective purchaser agrees in writing to be bound by the
provisions of this Section, or (c) to any affiliate of such Investor or to a
partner or stockholder of such Investor.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    IN WITNESS WHEREOF, the
parties to this Agreement have executed this Agreement as of the date first
written above.

    

    
      	 	THE
      COMPANY:	 
	 	 	 
	 	TIGA
      ENERGY SERVICES, INC.	 
	 	 	 	 
	
            	
              By: 
      

            	/s/
      Michael Hathaway	 
	 	 	Name:
      Michael Hathaway	 
	 	 	Title:
      President	 

    

     

    

    
      
        	 	INVESTOR:	 
	 	 	 	 
	
              	/s./ David
      Meck	 
	 	 	
              	 
	 	State
      of Residency:	Texas	 

      

    

     

    
      
         

      

      
        9Unassociated Document

    
      EXHIBIT
A FOR NOTE PURCHASE AGREEMENT

       

      THIS
NOTE AND THE SECURITIES ISSUABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES
LAWS. THE SECURITIES HAVE BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A
FORM ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT
OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER
SAID ACT.

      

      TIGA
ENERGY SERVICES, INC.

      

      12%
CONVERTIBLE PROMISSORY NOTE

      

      
        	
                US
      $250,000

              	
                June
      16, 2010

              

      

      

      FOR VALUE
RECEIVED, Tiga Energy Services, Inc., a Texas corporation (the “Company”), promises to pay to
David Meck (the “Holder”), the principal sum of
Two Hundred Fifty Thousand Dollars ($250,000) (the "Principal") in lawful money of
the United States of America, with interest payable thereon at the rate of
twelve percent (12%) per annum ("Interest") compounded
quarterly.  The principal amount of this Convertible Promissory Note
(“Note”) and all accrued
but unpaid interest thereon shall be paid in full to the Holder on June 16, 2012
(the “Maturity
Date”).  If all or a portion of the principal amount of this
Note or Interest shall not be paid when due (whether at its stated maturity, by
acceleration or otherwise), the Company hereby promises to pay, on demand,
interest on such overdue amount from and including the due date to, but
excluding, the date such amount is paid in full at 14% per annum (and until the
date such overdue amount is paid in full, "Interest" on such overdue amount
shall mean interest at such rate).

      

      1.       Repayment.

      

      (a) Principal. Except as otherwise
provided for herein, the outstanding Principal shall be payable on or before the
Maturity Date, unless this Note has been earlier converted as described
below.

               

      (b) Interest.

      

      
        	
                 
      

              	
                (i)
      Computation.  Interest shall accrue on the unpaid principal
      amount of this Note from the date hereof until such principal amount is
      repaid in full.  All computations of Interest hereunder shall be
      made on the basis of a 360-day year of twelve 30-day months compounded
      every 3 months (quarterly).  In the event that any Interest
      provided for herein shall be determined to be unlawful, such interest rate
      shall be computed at the highest rate permitted by applicable
      law.  Any payment by the Company of any Interest in excess of
      that permitted by law shall be considered an error, with the excess being
      applied to the principal of this Note without prepayment premium or
      penalty.

              

      

      

      
        	
                 
      

              	
                (ii)
      Interest Payment.  Interest shall be payable on the Maturity
      Date, or such earlier date as such amounts may be due
      hereunder.

              

      

      

      (c)  Currency; Place of
Payment. All payments due under this Note shall be made in lawful
currency of the United States of America in immediately available funds before
3:00 p.m. Central Time on the due date thereof at the account coordinates for
the Holder on file with the Company, or in such other manner or at such other
place as the Holder of this Note designates in writing.

      

      (d)
Prepayment. The Company may prepay the entire principal amount of this Note and
all accrued interest thereon without premium or penalty, at any time upon thirty
(30) day’s prior written notice to the Holder.  Upon any prepayment of
this Note, all accrued interest on the Principal shall be paid to the Holder on
the date of prepayment.  The Holder will have the option of converting
the principle and accrued interest to stock within thirty (30) days of receiving
written notice from the Company of its intent to prepay the entire amount of
this Note.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      

      (e)
Application of Payments. All payments received by the Holder hereunder will be
applied first to Interest and the balance to Principal.

      

      2.           Conversion.

      

      (a)  Generally. The Holder shall
have the right, exercisable at any time prior to the Maturity Date, to convert
all, but not less than all, of the Principal, plus all accrued but unpaid
interest thereon, into shares of the Company’s common stock, no par value per
share (the "Common
Stock"), at a conversion price (the "Conversion Price," including
any adjustments thereto) equal to $2.00 per share (the Common Stock issuable
upon conversion of this Note being referred to herein as the "Conversion Shares").
Immediately upon surrender of this Note for conversion as herein provided, this
Note shall no longer be deemed to be outstanding and all rights with respect to
this Note shall immediately cease and terminate on the conversion date, except
only the right of the holder to receive Conversion Shares in exchange therefor.
This Note, when so surrendered for conversion, shall be cancelled.

      

      (b)  Mechanics of Conversion. The
conversion of this Note shall be conducted in the following manner: upon any
conversion of all but not less than all of the Principal, plus all accrued but
unpaid interest thereon: (i) the Holder shall deliver a completed and executed
Notice of Conversion
attached hereto as Exhibit A and surrender and deliver this Note, duly endorsed,
to the Company’s office or such other address which the Company shall designate;
(ii) in exchange for the surrendered Note, the Company shall prepare and deliver
irrevocable instructions addressed to the Company’s transfer agent, if
applicable, to issue such required number of Conversion Shares, which Conversion
Shares shall be delivered to the Holder within ten (10) business days of the
delivery of the documentation to the Company; and (iii) upon delivery of the
Conversion Shares, this Note shall be fully paid and satisfied.  The
Company shall, upon the written request of the Holder, use its best efforts to
deliver, or cause to be delivered, the Conversion Shares hereunder
electronically through the Depository Trust and Clearing Corporation or another
established clearing corporation performing similar functions, if
available.

      

      (c)  Conversion
Adjustments.

      

      
        	
                 
      

              	
                (i)
       Stock Dividends and Stock Splits. In case the Company shall (A) pay
      a dividend in shares of Common Stock or make a distribution in shares of
      Common Stock to holders of its outstanding Common Stock, (B) subdivide its
      outstanding shares of Common Stock into a greater number of shares, (C)
      combine its outstanding shares of Common Stock into a smaller number of
      shares of Common Stock, or (D) issue any shares of its capital stock in a
      reclassification of the Common Stock, then  the number of shares
      issued and the Conversion Price shall be adjusted proportionately. An
      adjustment made pursuant to this paragraph shall become effective
      immediately after the effective date of such event retroactive to the
      record date, if any, for such
event.

              

      

      

      
        	
                 
      

              	
                (ii)
       Reorganization, Reclassification, Merger, Consolidation or
      Disposition of Assets. In case the Company shall reorganize its capital,
      reclassify its capital stock, consolidate or merge with or into another
      corporation (where the Company is not the surviving corporation or where
      there is a change in or distribution with respect to the Common Stock), or
      sell, transfer or otherwise dispose of all or substantially all its
      property, assets or business to another corporation and, pursuant to the
      terms of such reorganization, reclassification, merger, consolidation or
      disposition of assets, shares of common stock of the successor or
      acquiring corporation, or any cash, shares of stock or other securities or
      property of any nature whatsoever (including warrants or other
      subscription or purchase rights) in addition to or in lieu of common stock
      of the successor or acquiring corporation ("Other Property"), are to
      be received by or distributed to the holders of Common Stock of the
      Company, then the Holder shall have the right thereafter to receive upon
      conversion of this Note, the number of shares of common stock of the
      successor or acquiring corporation or of the Company, if it is the
      surviving corporation, and Other Property receivable upon or as a result
      of such reorganization, reclassification, merger, consolidation or
      disposition of assets by a Holder of the number of shares of Common Stock
      for which this Note is convertible immediately prior to such
      event.  In case of any such reorganization, reclassification,
      merger, consolidation or disposition of assets, the Company shall use its
      best efforts to cause the successor or acquiring corporation (if other
      than the Company) to assume the due and punctual observance and
      performance of each and every covenant and condition of this Note to be
      performed and observed by the Company and all the obligations and
      liabilities hereunder, subject to such modifications as may be deemed
      appropriate (as determined in good faith by resolution of the Board of
      Directors of the Company) in order to provide for adjustments of shares
      for which this Note is convertible which shall be as nearly equivalent as
      practicable to the adjustments provided for in this
      Section.  For purposes of this Section, "common stock of the
      successor or acquiring corporation" shall include stock of such
      corporation of any class which is not preferred as to dividends or assets
      over any other class of stock of such corporation and which is not subject
      to redemption and shall also include any evidences of indebtedness, shares
      of stock or other securities which are convertible into or exchangeable
      for any such stock, either immediately or upon the arrival of a specified
      date or the happening of a specified event and any warrants or other
      rights to subscribe for or purchase any such stock.  The
      foregoing provisions of this Section shall similarly apply to successive
      reorganizations, reclassifications, mergers, consolidations or disposition
      of assets.

              

      

      

      
        
           

        

        
          2

          
            

          

        

        
           

        

         

      

      (d) In case:

       

      
        	
                 
      

              	
                (i)
      the Company shall declare a dividend or other distribution on its Common
      Stock that would require any adjustment pursuant to Section 2(c);
      or

              

      

      
        	
                 
      

              	
                 

              

      

      
        	
                 
      

              	
                (ii)
      the Company shall authorize the granting to the holders of its Common
      Stock of rights, options or warrants to subscribe for or purchase any
      shares of capital stock of any class or of any other rights;
      or

              

      

      
        	
                 
      

              	
                 

              

      

      
        	
                 
      

              	
                (iii)
      of any reclassification of the Common Stock of the Company, or of any
      consolidation, merger or share exchange to which the Company is a party
      and for which approval of any shareholders of the Company is required, or
      of the conveyance, sale, transfer or lease of all or substantially all of
      the assets of the Company;

              

      

      
        	
                 
      

              	
                 

              

      

      then the
Company shall cause to be delivered to the Holder, at least ten (10) days prior
to the applicable record, expiration or effective date hereinafter specified, a
notice stating (A) the date on which a record is to be taken for the purpose of
such dividend, distribution, rights, options or warrants, or, if a record is not
to be taken, the date as of which the holders of Common Stock of record to be
entitled to such dividend, distribution, rights, options or warrants are to be
determined or (B) the date on which such reclassification, consolidation,
merger, conveyance, transfer, sale, lease, dissolution, liquidation or winding
up is expected to become effective, and the date as of which it is expected that
holders of Common Stock of record shall be entitled to exchange their Common
Stock for securities, cash or other property deliverable upon such
reclassification, consolidation, merger, conveyance, transfer, sale, lease,
dissolution, liquidation or winding up.  Neither the failure to give
such notice nor any defect therein shall affect the legality or validity of the
proceedings described in clauses (i) through (iii) of this Section
2(d).

       

      (e) Reservation of Conversion Shares.
The Company shall at all times reserve and keep available out of its authorized
but unissued Common Stock, for the purpose of effecting the conversion of this
Note, the full number of shares of Common Stock then issuable upon the
conversion of this Note.

       

      (f) Taxes. Except as provided in the
next sentence, the Company will pay any and all taxes and duties that may be
payable in respect of the issue or delivery of Common Stock on conversion of
this Note.  The Company shall not, however, be required to pay any tax
or duty which may be payable in respect of any transfer involved in the issue
and delivery of Common Stock in a name other than that of the Holder, and no
such issue or delivery shall be made unless and until the person requesting such
issue has paid to the Company the amount of any such tax or duty, or has
established to the satisfaction of the Company that such tax or duty has been
paid.

       

      (g) Due and Valid Issuance of
Conversion Shares. The Company agrees that all Common Stock which may be
delivered upon conversion of this Note, upon such delivery, will have been duly
authorized and validly issued and will be fully paid, nonassessable and free of
preemptive rights (and shall be issued out of the Company's authorized but
unissued Common Stock) and, except as provided in Section 2(f), the Company will
pay all taxes, liens and charges with respect to the issue thereof.

       

      (h) Elimination of Fractional
Interests. No fractional shares of Common Stock shall be issued upon conversion
of this Note, nor shall the Company be required to pay cash in lieu of
fractional interests, it being the intent of the parties that all fractional
interests shall be eliminated and that all issuances of Common Stock shall be
rounded up to the nearest whole share.

      

      
        
           

        

        
          3

          
            

          

        

        
           

        

      

       

      3.           Restrictions
on Transfer of Note and Conversions Shares

       

      The Holder acknowledges that neither
this Note nor the Conversion Shares have been or will be registered under the
Securities Act, and that such securities are subject to restrictions on transfer
imposed by federal and state securities laws, as described in that certain Note
Purchase Agreement by and between the Holder and the Company dated the date
hereof.

      

      4.           Events
of Default.

      

      The occurrence of any of the following
events shall be an "Event of
Default" under this Note:

      

      (a) the Company shall fail to make the
payment of any amount of Principal on the date such  payment shall
become due and payable hereunder and such failure shall continue for ten (10)
days after written notice of such failure; or

      

      (b) the Company shall fail to make the
interest payments on the date such payment shall become due and payable
hereunder and such failure shall continue for ten (10) days after written notice
of such failure; or

      

      (c) any representation or warranty made
by the Company herein, in the Transaction Documents or in any certificate or
financial statement shall prove to have been false or incorrect or breached in a
material respect on the date as of which made; or

      

      (d) the holder of any indebtedness of
the Company shall accelerate any payment of any amount or amounts of principal
or interest on any indebtedness (the "Indebtedness") (other than the
Indebtedness hereunder) prior to its stated maturity or payment date the
aggregate principal amount of which Indebtedness of all such persons is in
excess of $1,500,000, whether such Indebtedness now exists or shall hereinafter
be created, and such accelerated payment entitles the holder thereof to
immediate payment of such Indebtedness which is due and owing and such
indebtedness has not been discharged in full or such acceleration has not been
stayed, rescinded or annulled within ten (10) business days of such
acceleration; or

      

      (e) a judgment or order for the payment
of money shall be rendered against the Company in excess of $1,500,000 in the
aggregate (net of any applicable insurance coverage) for all such judgments or
orders against the Company (treating any deductibles, self insurance or
retention as not so covered) that shall not be discharged, and all such
judgments and orders remain outstanding, and there shall be any period of sixty
(60) consecutive days following entry of the judgment or order in excess of
$1,500,000 or the judgment or order which causes the aggregate amount described
above to exceed  $1,500,000 during which a stay of enforcement of such
judgment or order, by reason of a pending appeal or otherwise, shall not be in
effect; or

      

      (f) the Company shall (i) apply for or
consent to the appointment of, or the taking of possession by, a receiver,
custodian, trustee or liquidator of itself or of all or a substantial part of
its property or assets, (ii) make a general assignment for the benefit of its
creditors, (iii) commence a voluntary case under federal bankruptcy laws or
under the comparable laws of any jurisdiction (foreign or
domestic),  (iv) file a petition seeking to take advantage of any
bankruptcy, insolvency, moratorium, reorganization or other similar law
affecting the enforcement of creditors' rights generally, (v) acquiesce in
writing to any petition filed against it in an involuntary case under federal
bankruptcy laws or under the comparable laws of any jurisdiction (foreign or
domestic), or (vi) take any action under the laws of any jurisdiction (foreign
or domestic) analogous to any of the foregoing; provided,
however,  that any "going concern" limitation or qualification
contained in any report of the Company's independent public accountants
contained in  the Company's financial statements shall not be an Event
of Default under this Note; or

      

      (g) a proceeding or case shall be
commenced in respect of the Company without its application or consent, in any
court of competent  jurisdiction, seeking (i) the liquidation,
reorganization, moratorium, dissolution, winding up, or composition or
readjustment of its debts, (ii) the appointment of a trustee, receiver,
custodian, liquidator or the like of it or of all or any substantial part of its
assets or (iii) similar relief in respect of it under any law providing for the
relief of debtors, and such proceeding or case described in clause (i), (ii) or
(iii) shall  continue undismissed, or unstayed and in effect, for a
period of sixty (60) consecutive days or any order for relief shall be entered
in an involuntary case under the federal bankruptcy laws or under the comparable
laws of any jurisdiction (foreign or domestic) against the Company or action
under the laws of any jurisdiction (foreign or domestic) analogous to any of the
foregoing shall be taken with respect to the Company and shall continue
undismissed, or unstayed and in effect for a period of sixty (60) consecutive
days.

       

      
        
           

        

        
          4

          
            

          

        

        
           

        

      

      

      5.           Remedies
Upon An Event of Default. If an Event of Default shall have occurred and shall
be continuing, the Holder may at any time at its option, (a) declare the entire
unpaid principal balance of this Note, together with all accrued but unpaid
interest, due and payable, and thereupon, the same shall be accelerated and so
due and payable; provided, however, that upon the occurrence of an Event of
Default  described in Sections 4(f) and (g), without presentment,
demand, protest, or notice, all of which are hereby expressly unconditionally
and irrevocably waived by the Company, the Principal plus all accrued but unpaid
interest shall be automatically due and payable;  or
(b)  exercise or  otherwise  enforce any one or
more of the Holder's rights, powers, privileges, remedies and interests under
this Note or applicable  law.  No course of dealing or delay
on the part of the Holder shall operate as a waiver thereof or otherwise
prejudice the right of the Holder.  No remedy conferred hereby shall
be exclusive of any other remedy referred to herein or now or hereafter
available at law, in equity, by statute or otherwise.

      

      Notwithstanding the foregoing, Holder
agrees that his rights and remedies hereunder are limited to receipt of cash or
shares of Common Stock in the amounts described herein.

      

      6.           Further
Assurances. The Company shall execute and deliver any and all such further
documents and take any and all such other actions as may be reasonably necessary
or appropriate to carry out the intent and purposes of this Note and to
consummate the transactions contemplated herein.

      

      7.           Holder
Not Deemed a Shareholder. The Holder shall not be entitled to vote or receive
dividends or be deemed the holder of shares of the Company for any purpose, nor
shall anything contained in this Note be construed to confer upon the Holder
hereof, as such, any of the rights at law of a shareholder of the Company prior
to the issuance to the Holder of the shares of Common Stock which the Holder is
then entitled to receive upon the due conversion of this Note.

      

      8.           Mutilated,
Destroyed, Lost or Stolen Note. In case this Note shall become mutilated or
defaced, or be destroyed, lost or stolen, the Company shall execute and deliver
a new note of like principal amount in exchange and substitution for the
mutilated or defaced Note, or in lieu of and in substitution for the destroyed,
lost or stolen Note.  In the case of a mutilated or defaced Note, the
Holder shall surrender such Note to the Company. In the case of any destroyed,
lost or stolen Note, the Holder shall furnish to the Company: (i) evidence to
its satisfaction of the destruction, loss or theft of such Note and (ii) such
security or indemnity as may be reasonably required by the Company to hold the
Company harmless.

      

      9.           Waiver
of Demand, Presentment, etc. The Company hereby expressly waives demand and
presentment for payment, notice of nonpayment, protest, notice of protest,
notice of dishonor, notice of acceleration or intent to accelerate, bringing of
suit and diligence in taking any action to collect amounts called for hereunder
and shall be directly and primarily liable for the payment of all sums owing and
to be owing hereunder, regardless of and without any notice, diligence, act or
omission as or with respect to the collection of any amount called for
hereunder.  The Company agrees that, in the event of an Event of
Default, to reimburse the Holder for all reasonable costs and expenses
(including reasonable legal fees of one counsel) incurred in connection with the
enforcement and collection of this Note.

      

      10.           Assignment.
The rights and obligations of the Company and the Holder shall be binding upon,
and inure to the benefit of, the successors and permitted assigns of the parties
hereto.  The Holder may not assign, pledge or otherwise transfer this
Note or any interest therein without the prior written consent of the
Company.

      

      11.           Waiver
and Amendment. Any provision of this Note, including, without limitation, the
due date hereof, and the observance of any term hereof, may be amended, waived
or modified (either generally or in a particular instance and either
retroactively or prospectively) only with the written consent of the Company and
the Holder.

       

      
        
           

        

        
          5

          
            

          

        

        
           

        

      

      

      12.           Notices.
Any notice, request or other communication required or permitted hereunder shall
be in writing at such address as the parties may designate from time to
time.

      

      13.           Governing
Law. This Note shall be governed by and construed in accordance with the laws of
the State of Texas excluding that body of law relating to conflicts of
laws.

      

      14.           Consent
to Jurisdiction. Each party agrees that all legal proceedings concerning the
interpretations, enforcement and defense of the transactions contemplated by
this Note (whether brought against a party hereto or its respective affiliates,
directors, officers, shareholders, employees or agents) shall be commenced
exclusively in the state and federal courts sitting in the City of Austin,
Texas.  Each party hereto hereby irrevocably submits to the exclusive
jurisdiction of the state and federal courts sitting in the City of Austin,
Texas, for the adjudication of any dispute hereunder or in connection herewith
or with any transaction contemplated hereby or discussed herein (including with
respect to the enforcement of this Note, and hereby irrevocably waives, and
agrees not to assert in any suit, action or proceeding, any claim that it is not
personally subject to the jurisdiction of any such court, that such suit, action
or proceeding is improper. Each party hereto hereby irrevocably waives personal
service of process and consents to process being served in any such suit, action
or proceeding by mailing a copy thereof via registered or certified mail or
overnight delivery (with evidence of delivery) to such party at the address in
effect for notices to it under this Note and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing
contained herein shall be deemed to limit in any way any right to serve process
in any manner permitted by law.  THE COMPANY AND, BY ITS ACCEPTANCE
HEREOF, THE HOLDER (INCLUDING THEIR RESPECTIVE AFFILIATES, AGENTS, OFFICERS,
DIRECTORS AND EMPLOYEES) HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS NOTE OR THE TRANSACTIONS
CONTEMPLATED HEREBY.

      

      15.           Severability.
If one or more provisions of this Note are held to be unenforceable under
applicable law, such provisions shall be excluded from this Note, and the
balance of this Note shall be interpreted as if such provisions were so excluded
and shall be enforceable in accordance with its terms.

      

      16.           Headings.
Section headings in this Note are for convenience only, and shall not be used in
the construction of this Note.

      

      [Signature
Page Follows]

       

      
        
           

        

        
          6

          
            

          

        

        
           

        

      

       

      IN WITNESS WHEREOF, the Company has caused this Note to be issued as
of the date first above written.

       

      
        
          	 	TIGA
      ENERGY SERVICES, INC.	 
	 	 	 	 
	
                	
                  By:
      

                	/s/ Michael
      Hathaway	 
	 	 	Name:
      Michael Hathaway	 
	 	 	Title:
      President	 
	 	 	 	 

        

      

      

      
        
           

        

        
          7

          
            

          

        

        
           

        

      

       

      Exhibit
A

      TIGA
ENERGY SERVICES, INC.

      NOTE
CONVERSION NOTICE

      

      Reference is made to the 12%
Convertible Promissory Note in the original principal amount of $250,000 of Tiga
Energy Services, Inc., a Texas corporation (the “Company”), issued to the
undersigned (the “Note”).

      

      In accordance with and pursuant to the
terms of the Note, the undersigned hereby elects to convert the entire
outstanding principal amount due and owing under the Note, together with all
accrued but unpaid interest thereon, into shares of Common Stock, no par value
per share, of the Company (the “Common Stock”), by tendering the original of the
Note for cancellation.

      

      Please
confirm the following information:

      

      Principal
Amount Outstanding

      under the
Note:

       

      _____________________________________

      

      

      Accrued
but unpaid interest

      under the
Note:

       

      _____________________________________

      

      Conversion
Price:

      
 

      _____________________________________

      

      Number of
Shares to be issued:

       

      _____________________________________

      

      Please
issue the Conversion Shares into which the Note is being converted in the
following name and to the following address:

      

      Issue
to:  ___________________________                    

      

      Address: ______________________________                     

      
_____________________________________

      

      

      Facsimile
Number: __________________________                                                                          

      

      Authorization: _____________________________                                                               

      

      By: ____________________________                                                     

      

      Title: _______________________                                                     

      

      Dated:  _____________________________

       

                                                                    

      
        
           

        

        
          8

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