Document:

forms1ex4iv_040910.htm

Exhibit 4(iv)

SUBSCRIPTION BOOKLET

FOR

 

SOUTHWEST IOWA RENEWABLE ENERGY, LLC

 

 

 

  

  

  

SOUTHWEST IOWA RENEWABLE ENERGY, LLC

 

INSTRUCTIONS TO SUBSCRIBERS

 

Persons wishing to subscribe for securities consisting of Series A Convertible Subordinated Term notes (the “Securities”) of Southwest Iowa Renewable Energy, LLC (the “Company”) are required to complete the documents in this Subscription Booklet. PLEASE DO NOT REMOVE ANY OF THE DOCUMENTS.

 

	
1.

	
Subscription Agreement. Please complete the Subscription Agreement in the following manner:

	
  

	
a.

	
Complete Paragraph 1 by inserting the amount of Securities and the amount of your subscription.

	
  

	
b.

	
Complete the ownership title information in Paragraph 9 of the Subscription Agreement.

	
  

	
c.

	
Complete the appropriate signature page.

	
2.

	
Investor Questionnaire.  Attached to this Subscription Booklet is an Investor Questionnaire that is designed to determine whether each purchaser of the Securities meets the suitability standards we have imposed for purchasers residing in certain jurisdictions.  Please complete the Investor Questionnaire regardless of your status as an accredited investor.

	
3.

	
Payment. Payment of the amount of the purchase price for the Securities must accompany the Subscription Agreement.

	
4.

	
Delivery Instructions. Please send this entire Subscription Booklet and your check to:

 

Southwest Iowa Renewable Energy, LLC

10868 189th Street

Council Bluffs, Iowa 51503

Attn: ●

 

  

  

  

SUBSCRIPTION AGREEMENT

 

THE SECURITIES, CONSISTING OF SERIES A CONVERTIBLE SUBORDINATED TERM NOTES SUBSCRIBED FOR HEREBY, ARE ACQUIRED FOR INVESTMENT AND HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, HAVE BEEN REGISTERED UNDER THE IOWA UNIFORM SECURITIES ACT BUT HAVE NOT BEEN REGISTERED IN ANY OTHER STATES IN WHICH THE SECURITIES ARE BEING OFFERED.  THE SECURITIES MAY NOT BE SOLD OR TRANSFERRED WITHOUT THE WRITTEN CONSENT OF THE COMPANY’S BOARD OF DIRECTORS AND WITHOUT THE COMPANY’ RECEIPT OF AN OPINION OF COUNSEL REASONABLY ACCEPTABLE TO IT STATING THAT SUCH SALE OR TRANSFER IS EXEMPT FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF FEDERAL AND STATE SECURITIES LAWS.

 

Southwest Iowa Renewable Energy, LLC

10868 189th Street

Council Bluffs, Iowa 51503

Ladies and Gentlemen:

 

1.           Subscription. The undersigned hereby subscribes to purchase Series A Convertible Subordinated Term Notes (the “Securities”) of Southwest Iowa Renewable Energy, LLC, an Iowa limited liability company (the “Company”), as offered by the Company, in the following amounts:

 

A total purchase price of (must be a minimum of $15,000 and increments of $300 thereafter) $_______________

 

This investment is made upon the terms set forth in this Subscription Agreement (“Subscription”).  The undersigned understands that the Company reserves the right to reject any Subscription, in whole or in part, in its sole discretion.

 

2.           Acceptance of Subscription.

 

a.      The undersigned understands and agrees that the Company, in its sole discretion, reserves the right to accept or reject this or any other Subscription in whole or in part at any time, notwithstanding prior receipt by the undersigned of a notice of acceptance.

 

b.      In the event that this Subscription is rejected in whole or in part, the Subscription will be considered rejected, this Subscription shall thereafter have no force or effect to that extent.

 

3.           Representations, Warranties and Covenants. It is hereby represented, warranted and covenanted as follows:

 

a.      The undersigned understands that all documents, records, and books pertaining to this investment have been made available for inspection, by the undersigned’s attorney and/or accountant and/or the undersigned’s purchaser representative and the undersigned, and that the

 

 

  

  

  

books and records of the Company will be available upon reasonable notice, for inspection by investors during reasonable business hours at its principal place of business.  The undersigned and/or the undersigned’s advisor(s) have had a reasonable opportunity to ask questions of and receive answers from the Company, or a person or persons acting on its behalf, concerning the offering of the Securities, and all such questions have been answered to the full satisfaction of the undersigned.

 

b.      The undersigned is (i) if indicated so on the attached Investor Questionnaire, an existing unit holder of the Company and (ii) the undersigned alone or with the undersigned’s purchaser representative has such knowledge and experience in financial and business matters that the undersigned is capable of evaluating the merits and risks of the prospective investment and to make an informed investment decision with respect thereto.

 

c.      The undersigned understands the risks of, and other considerations relating to, a purchase of the Securities.

 

d.      The undersigned understands that the Securities have been registered under the Act and the Iowa Uniform Securities Act, but have not been registered under any other state securities act, and, therefore, the Securities are being offered in these states in reliance upon an exemption therefrom for nonpublic offerings.  The undersigned understands that the Securities must be held indefinitely, as no transfer of the Securities is allowed.

 

e.      The undersigned is purchasing the Securities solely for the undersigned’s own account for investment and not for the account of any other person and not for distribution, assignment, or resale to others, and no other person has a direct or indirect beneficial interest in such Securities.

 

f.      The undersigned, if a corporation or other legal entity, is authorized and otherwise duly qualified to purchase and hold the Securities; such entity has its principal place of business as set forth on the signature page hereof and such entity has not been formed for the specific purpose of acquiring Securities of the Company.

 

g.      All information which the undersigned has provided to the Company concerning financial position and knowledge of financial and business matters, or, in the case of a corporation or other legal entity, the knowledge of financial and business matters of the person making the investment decision on behalf of such entity, is correct and complete as of the date set forth at the end hereof, and if there should be any adverse change in such information prior to the undersigned’s subscription being accepted, the undersigned will immediately provide the Company with such information.

 

h.      The undersigned has (A) adequate net worth and adequate means to provide for the undersigned’s current needs and possible contingencies; (B) has no need for liquidity in this investment; (C) is able to bear the economic risk of this investment; and (D) has sufficient net worth to sustain a loss of the undersigned’s entire investment in the Securities without economic hardship if such loss should occur.

 

4.           Indemnification.  The undersigned agrees to indemnify and hold harmless the Company and its affiliates from and against all damages, losses, costs, and expenses (including reasonable attorneys’ fees)

 

                                                                  

  

  

  

which it may incur by reason of the failure of the undersigned to fulfill any of the terms or conditions of this Subscription, or by reason of any breach of the representations and warranties made by the undersigned herein, or in any document provided by the undersigned to the Company.  The foregoing indemnification does not waive any rights granted to the undersigned under applicable securities laws.

 

5.           Correct Information.  Any information which the undersigned has heretofore furnished to the Company with respect to the undersigned’s accredited investor status, financial position and business experience is correct and complete as of the date of this Subscription and if there should be any material change in such information, the undersigned will immediately furnish such revised or corrected information to the Company.

 

6.           Non-Transferable.  The undersigned hereby agrees not to pledge, hypothecate, sell, assign, or otherwise transfer the Securities, purchased herein.

 

7.           Legend.  The undersigned hereby agrees that an appropriate legend may be placed on the undersigned’s Securities indicating the restrictions on transfer, and that the Company may place a stop-transfer order or otherwise make appropriate notations in the Company records or take appropriate actions to enforce such restrictions.

 

8.           Miscellaneous.

 

a.      The undersigned agrees not to transfer or assign this Subscription, or any of the undersigned’s interest herein, and further agrees that the transfer or assignment of the Securities acquired pursuant hereto shall be made only in accordance with all applicable laws.

 

b.      The undersigned agrees that the undersigned may not cancel, terminate, or revoke this Subscription or any agreement of the undersigned made hereunder and that this Subscription shall survive the death or disability of the undersigned and shall be binding upon the undersigned’s heirs, executors, administrators, successors, and assigns.

 

c.      Notwithstanding any of the representations, warranties, acknowledgments, or agreements made herein by the undersigned, the undersigned does not thereby or in any other manner waive any rights granted to the undersigned under federal or state securities laws.

 

d.      This Subscription constitutes the entire agreement among the parties hereto with respect to the subject matter hereof and may be amended only by a writing executed by all parties.

 

e.      This Subscription shall be enforced, governed, and construed in all respects in accordance with the laws of the State of Iowa without regard to its conflict of law principals.

 

f.      Within five days after receipt of a written request from the Company, the undersigned agrees to provide such information and to execute and deliver such documents as reasonably may be necessary to comply with any and all laws and ordinances to which the Company is subject.

 

g.      The Company reserves the right to revoke and rescind this Subscription if required by the appropriate regulatory authorities.

 

                                                                  

  

  

  

9.      Type of Ownership.  Having subscribed for the number and amount of Securities as set forth in Item 1 of this Subscription, if this Subscription is accepted, title to the Securities should be registered in the following name or names (please print or type in the appropriate space below):

 

Individual Investor:    _________________________________                            

Joint Tenants:*           _________________________________                     

 

-----------------------------------------

* Both parties must sign the signature page for Individual Investors/Joint Tenants.

SLC-6005646-1                                                                     

  

  

  

 

SIGNATURE PAGE

FOR INDIVIDUAL INVESTORS OR JOINT TENANTS

 

 

 

 

	
INVESTOR #1

	  	
INVESTOR #2

(to be used only for Joint Tenants)

 

	
Signature

 

	  	
Signature

	 	 	 
	
Social Security Number

 

	  	
Social Security Number

	 	 	 
	
Print or Type Name

 

	  	
Print or Type Name

	 	 	 
	
Residence Address:

 

	  	
Residence Address:

	  	  	  
	  	  	  
	  	  	  
	  	  	  
	
Executed at:

	  	
Executed at:

 

	
City

 

 

	  	
City

	
State/County

 

 

	  	
State/County

	
this ____ day of _______________, 20__.

	  	
this _____ day of _________________, 20__.

 

                                                                   

  

  

  

SIGNATURE PAGE

FOR ENTITY INVESTORS

 

	 	INVESTOR:	 
	 	 	 	 
	 	 	 
	 	
Business Name

 

 

	 
	
 

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	
 

 

 

	 
	 	
Taxpayer ID Number

 

	 
	 	 	 
	 	State of Organization 	 

 

 

 

 

	 	
Business Address:

	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	
 

 

	 
	 	
Executed at:

 

	 
	 	 	 
	 	
 City

 

	 
	 	 	 
	 	 State/Country	 
	 	 	 
	 	
this _____ day of ________________, 20__

	 

 

 

                                                                     

  

  

  

	 SUBSCRIPTION ACCEPTED: 	SOUTHWEST IOWA RENEWABLE ENERGY, LLC	 
	 	 	 	 
	
Date________________________, 20___

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	Title 	 
	 	 	 	 

  

  

  

 

SOUTHWEST IOWA RENEWABLE ENERGY, LLC

INVESTOR QUESTIONNAIRE

 

You must complete this Investor Questionnaire (the “Questionnaire”) in order to subscribe to purchase Series A Convertible Subordinated Term Notes (the “Securities”) of Southwest Iowa Renewable Energy, LLC (the “Company”).  The purpose of this Questionnaire is to provide the Company with certain information required under the Securities Act of 1933, as amended (the “Act”), and regulations promulgated thereunder, and other federal and state laws, rules and regulations.  The Securities have been registered for sale under the Act  and under the Iowa Uniform Securities Act, but have not been registered under any other applicable state securities laws.  Therefore, the Securities are being offered and sold in Iowa by registration and offered and sale in certain other states in reliance upon exemptions from registration for private offerings.

 

YOUR ANSWERS WILL AT ALL TIMES BE KEPT STRICTLY CONFIDENTIAL.

 

However, by signing this Questionnaire, you agree that the Company may present this Questionnaire to such parties as it deems appropriate if called upon to establish the availability under the Act or any state law of an exemption from registration.

 

If the answer to any question is “None” or “Not Applicable,” please so state.  Attach additional sheets of paper if necessary to complete any answer.  Please print or type your answers.

 

Please complete, sign, date, and return this Questionnaire to the Company.

 

PART I - INDIVIDUALS

1.           Personal Data.

 

Name:                                                   

 

Home Address:                                          

 

Occupation:                                                

 

Business Address:                                          

 

Telephone: Bus (    )                  Res (    )                                                                                               

 

State of Principal Residence:_________________________

 

Other states in which you have resided during the last two years:

 

                                                           

 

State(s) with which resident state income tax returns have been filed for the past two years:

 

 

 

  

  

  

2.           Current Unitholder Status.

 

Do you currently own any units (of any series) of the Company (select appropriate box)?

                                  [   ] YES     [   ]  NO

                                                                  

  

  

  

PART II - PURCHASERS WHO ARE NOT INDIVIDUALS

1.           General Information.

Name of Entity:  ______________________________________________________________________________________________________                                                                                                                   

Address of Principal Office:   _____________________________________________________________________________________________

___________________________________________________________________________________________________________________                                                                                                                             

Type of Organization: __________________________________________________________________________________________________                                                                                                                               

Date and Place of Organization:   __________________________________________________________________________________________                                                                                                                  

 

2.           Business.

A brief description of the business conducted by the entity is as follows:

                                                                                          

                                                                                          

                                                                                          

Each person involved in making the decision on behalf of the entity, to subscribe to purchase the Securities is listed below:

  Name                                                         Title

                                                                                                                             

                                                                                                                             

                                                                                                                             

                                                                                                                             

3.           Current Unitholder Status.

Do you currently own any units (of any series) of the Company (select appropriate box)?

                                  [   ] YES     [   ]  NO

                                                                   

  

  

  

	 	 	 
	  

Date:______________________, 20____

	 	 
	
 

	
 

	 	 
	 	 Signature of Individual Investor	 
	 	
 

 

	 
	 	
 Name of Individual Investor – Please Print

	 
	 	
 

 

	 
	 	
Name of Entity Investor

	 

	 	 	 
	 	 	 	 
	
 

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	Titleform8k041210ex10-1.htm

    SALE AND
CONVEYANCE AGREEMENT

    

    

    THIS
AGREEMENT made as of the 12th day
of April 2010.

    

    

    966749
Alberta Corp., a body corporate registered to carry on business in the Province
of Alberta and having an office in the City of Calgary, in the Province of
Alberta (hereinafter called “Vendor")

    

    - and
-

    

    Xtrasafe,
Inc., a body corporate registered to carry on business in the State of Florida
and having an office in the City of Naples, in the State of Florida (hereinafter
called "Purchaser").

    

    WHEREAS
the Vendor as to 100% of its 2.51255% working interest  has agreed to
convey the Assets to the Purchaser and the Purchaser has agreed to purchase the
Assets from the Vendor on the terms and conditions set forth
herein;

    

    NOW
THEREFORE in consideration of the premises and the mutual covenants and
warranties herein contained, the parties agree as follows:

    

    

    ARTICLE
I

    

    INTERPRETATION

    

    1.01           Definitions.  In
this Agreement, including the recitals and the Schedules, the following terms
have the following meanings:

    

    
      	
              (a)  

            	
              “Agreement”
      means this agreement dated April 12, 2010 between 966749 Alberta Corp. and
      Xtrasafe, Inc.;

            

    

    

    
      	
              (b)  

            	
              "Assets"
      means all of the Vendor’s interest in the Lands, Lease and the
      100/06-07-049-15W5/00

            

    

     well;

    

    
      	
              (c)

            	
              "Closing"
      means the transfer of the Assets, the payment by the Purchaser of the
      Purchase Price and the delivery of all documents required hereby, which
      will occur at the Vendor’s office at the Closing
  Time;

            

    

    

    
      	
              (d)

            	
              "Closing
      Time" means 2:00 PM (Calgary time) on the 12th
      day of April, 2010, or such other time and date as the parties may
      agree;

            

    

    

    
      	
              (e)  

            	
              “Consideration”
      means a cash consideration of $6,000.00 (Six Thousand dollars) plus GST in
      Canadian funds;

            

    

    

    
      	
              (f)

            	
              "Documents"
      means all contracts and agreements pertaining to the Assets and, to the
      extent they are in possession or control of the
  Vendor;

            

    

    

    
      	
              (g)

            	
              "Effective
      Time" means 8:00 am (Calgary time) on the 12th
      day of April, 2010;

            

    

    

    
      	
              (h)

            	
              “Lands”  means
      the lands described in Schedule
"A";

            

    

    

    
      	
              (i)

            	
              "Leases"
      means the petroleum and natural gas leases and other agreements by virtue
      of which the Vendor is entitled to explore for, recover, remove or dispose
      of hydrocarbon substances within the formations in the Lands described in
      Schedule "A";

            

    

    

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    
      	
              (j)

            	
              “Right
      of First Refusal” means right of first refusal, pre-emptive right of
      purchase or similar right whereby any party has the right to acquire or
      purchase a portion of the Assets as a consequence of the Vendor having
      agreed to convey the Assets to the Purchaser in accordance
      herewith;

            

    

    

    
      	
              (k)

            	
              “Well”
      means the wellbore, casing, tubing, wellhead and other production
      equipment as described on Schedule
“A”.

            

    

    

     
 

    

    ARTICLE
II

    

    CONVEYANCE
OF ASSETS

    AND RELATED
MATTERS

    

    

    
      	
              2.01  

            	
              Conveyance
      Vendor, pursuant to and for the Consideration, the receipt and sufficiency
      of such consideration being
      hereby acknowledged by Vendor, hereby sells, assigns, transfers,
      conveys and sets over the
      Assets unto Purchaser, at the Closing Time, to have and to hold the same
      absolutely, together with all benefit and advantage to be derived
      therefrom.

            

    

    

    

    2.02           Cash
Allocation.  The cash consideration will be allocated as
follows:

    

    (a)           Lands
and
Leases:                                                                       $4,800.00

    (b)           Tangibles:                                                                                     $1,190.00

    (c           Miscellaneous
Interests:                                                         
    $    10.00

    (d)           GST
on
Tangibles:                                                                       $    59.50

    TOTAL                                                                                   
     $6,059.50

    

    

    

    2.03           Effective
Time This
Conveyance shall be effective as of the Effective Time;

    

    

    2.04      Instruments
of Conveyance and Transfer.

    

    
      	
              (a)  

            	
              The
      Vendor agrees to prepare all necessary assignments or transfers of the
      Leases, notices of assignment, assignment and novation agreements and
      other documents of transfer and conveyance (“Specific Conveyances”) in a
      form and substance reasonably satisfactory to the Purchaser to effectively
      vest in the Purchaser good and sufficient title to the Assets;
      and

            

    

    

    
      	
              (b)  

            	
              All
      Specific Conveyances that are prepared and circulated to the Purchaser at
      a reasonable time prior to Closing shall be executed and delivered by the
      parties at Closing.  Forthwith after Closing, the Purchaser
      shall circulate and at the Purchaser’s cost register, as the case may be,
      all Specific Conveyances that by their nature may be circulated or
      registered.

            

    

    

    

    
      	
              2.05

            	
              Rights
      of First Refusal Prior to or following Closing the parties hereto
      shall use all reasonable efforts to obtain and deliver to the other party
      all necessary consents, permissions and approvals by third parties and
      governmental and regulatory authorities in connection with the transaction
      contemplated herein.

            

    

    

    
      	
              2.06

            	
              Documents Vendor shall
      deliver at Closing to Purchaser all
Documents.

            

    

    

    

    

    

    

    

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

    ARTICLE
III

    

    REPRESENTATIONS AND
WARRANTIES

    

    
      	
              3.01

            	
              Representations
      and Warranties of the Vendor

            

    

    

    
      	
              (a)

            	
              Encumbrances  Except
      for the encumbrances listed in Schedule “A”, the Assets are now, were at
      the Effective Time and will be at the Closing Time, free and clear of all
      liens, charges, encumbrances and adverse claims created by, through or
      under the Vendor or of which the Vendor is
  aware.

            

    

    

    
      	
              (b)

            	
              Claims.  To
      the best of the Vendor’s knowledge:

            

    

    

    
      	
               
      

            	
              (i)

            	
              there
      are no existing proceedings, actions or lawsuits against or with respect
      to the Assets or notifications in respect to any environmental
      deficiencies from any regulatory
body.

            

    

    

    
      	
               
      

            	
              (ii)

            	
              there
      are no orders or directives under any statute, law, rule, order or
      regulation which relates to environmental matters and which require any
      work, repairs, construction or capital expenditures with respect to the
      Lands, where such orders or directives have not been complied with in all
      material respects; or

            

    

    

    
      	
               
      

            	
              (iii)

            	
              there
      are no demands or notices issued under any statute, law, rule, order or
      regulation with respect to the breach of any environmental, health or
      safety law applicable to the Lands, including, without limitation, any
      statute, law, rule, order or regulation respecting the use, storage,
      treatment, transportation or disposition of environmental contaminants,
      which demand or notice remains outstanding at the date
    hereof.

            

    

    

    ARTICLE
IV

    

    CONDITIONS OF
CLOSING

    

    

    
      	
              4.01

            	
              Conditions
      of the Vendor.  The obligation of the Vendor under this
      Agreement to consummate the transactions contemplated hereby is subject to
      the following conditions, which conditions may be waived at the option of
      the Vendor:

            

    

    

    
      	
              (a)

            	
              Legal
      Matters.  All instruments and documents required to carry
      out the terms of this Agreement and to consummate the transactions
      contemplated hereby will be in form and substance satisfactory to the
      Vendor, acting reasonably, and executed and delivered by the Purchaser;
      and

            

    

    

    

    
      	
              4.02

            	
              Conditions
      of the Purchaser.  The obligation of the Purchaser under
      this Agreement to consummate the transactions contemplated hereby is
      subject to the following conditions, which conditions may be waived at the
      option of the Purchaser:

            

    

    

    
      	
              (a)

            	
              Accuracy
      of Representations and Warranties.  The Vendor's
      representations and warranties herein contained were true when made, have
      continued to be true in all material respects from the date hereof to the
      Closing Time and are true in all material respects as of the Closing
      Time.

            

    

    

    
      	
              (b)  

            	
              Performance
      of Agreements.  The Vendor has performed all obligations
      and Agreements and complied with all covenants and conditions contained in
      this agreement to be performed or complied with by it at or prior to the
      Closing Time.

            

    

    

    
      	
              (c)

            	
              Legal
      Matters.  All instruments and documents required to carry
      out the terms of this Agreement and to consummate the transactions
      contemplated hereby will be in form and substance satisfactory to the
      Purchaser, acting reasonably, and executed and delivered by the
      Vendor.

            

    

    

    

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

    ARTICLE
V

    

    TITLE
EXAMINATION

    

    
      	
              5.01

            	
              Access.
      Prior to the Closing Time, Purchaser shall have the opportunity to review
      all leases, agreements and other documents and correspondence, affecting
      the title of Vendor to the Assets as are in the possession of Vendor or to
      which Vendor has access and Purchaser shall be satisfied in its
      unrestricted discretion with the results of such title
      examination.

            

    

    

    Deficiency
Statement.  Prior to the Closing Date, Purchaser shall give to
Vendor written notice of all defects of which it is aware which in its
reasonable opinion adversely and materially affect the title of Vendor to the
Assets and which Purchaser does not waive (all of which are herein referred to
as "Title Defects").  Prior to the Closing Date, Vendor shall
diligently make all reasonable efforts to cure or remove all Title
Defects.  If all Title Defects are not cured or removed prior to the
Closing Date, Purchaser, by notice to Vendor may elect:

     
 

    
      	
               
      

            	
              (a)

            	
              to
      waive the uncured Title Defects and acquire the affected Assets without
      any abatement of the Purchase Price therefore;
  or

            

    

    

    
      	
               
      

            	
              (b)

            	
              to
      terminate the agreement to acquire the Assets, in its entirety, without
      liability or obligation on the part of either
  party.

            

    

    

    

     

    ARTICLE
VI

     

    

    ENVIRONMENTAL
ASSESSMENT

    

    
      	
              6.01

            	
              Environmental
      Assessment.  Prior to the Closing Time, Purchaser shall
      be entitled to conduct all such environmental audits and assessments as it
      determines necessary and Purchaser shall be satisfied in its unrestricted
      discretion with the results of such environmental audits and
      assessments.

            

    

    

    

     

    ARTICLE
VII

     

    

     

    INDEMNITY

     

    

    
      	
              7.01

            	
              Vendor

            	
              Vendor
      shall remain responsible to Purchaser for all claims, liabilities, losses,
      costs (including legal fees) and expenses and, in addition, shall
      indemnify and save harmless Purchaser from and against all claims,
      liabilities, losses, costs (including legal fees) and expenses, which
      Purchaser may pay, suffer or incur in respect of any matter or thing
      related to the Assets and accruing prior to the Effective
      Date.

            

    

    

    
      	
              7.02

            	
              Purchaser
      shall remain liable to Vendor for all losses, costs, damages and expenses
      whatsoever which the Vendor may incur as a result of any matter related to
      the Assets and subsequent to the Effective
Time.

            

    

    

    

     

    Article
VIII

     

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    MISCELLANEOUS

    

    
      	
              8.01

            	
              Further
      Assurances.  After the Closing Time, at the Purchaser's
      request, without further consideration, the Vendor will execute and
      deliver or cause to be executed and delivered such other instruments of
      conveyance and transfer as the Purchaser reasonably may request to more
      effectively vest the Assets in the
Purchaser.

            

    

    

    
      	
              8.02

            	
              Assignment.  Neither
      party may assign this Agreement or any part thereof prior to Closing.
      Except as otherwise provided herein, this Agreement will be binding upon
      and enure to the benefit of the parties and their successors and
      assigns.

            

    

    

    

    

    
      	
              8.03

            	
              Counterpart
      Execution.    This Agreement may be executed in
      counterpart and all counterparts taken together shall constitute one
      agreement.

            

    

    

    

    

    ARTICLE
IX

    

     

    CONDITIONS
SATISFIED

     

    

    
      	
              9.01

            	
              Conditions
      Satisfied Each of the Vendor and Purchaser acknowledge and confirm
      that all conditions to the Closing contained in the Agreement have been
      satisfied or waived.

            

    

    

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF the parties hereto have executed this Conveyance as of the day
and year first above written.

    

    

    

    

    

    966749
Alberta
Corp.                                                                                     

    

    

    /s/

    

      
        

      

    

    

    

    Xtrasafe,
Inc.

    

    

    

    

    /s/ 

    
      
        

      

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    Execution
page to, and forming part of a Sale and Conveyance Agreement dated April 12,
2010 between 966749 Alberta Corp., as Vendor and Xtrasafe, Inc., as
Purchaser

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    Schedule
“A”

    

    Attached
to and forming part of a Sale and Conveyance Agreement dated April 12, 2010
between 966749 Alberta Corp., as Vendor and Xtrasafe, Inc., as
Purchaser

    

    

    

    

    Lands                                           Lease                                P&NG
Rights                                     Encumbrances

    

    Twp 49
Rge 15 W5M:
7            Crown
PNG Lease No.     PNG to base
Shunda                          S/S
Lessor0587090167Royalty

    

    Well:
Apex et al Peco 100/06-07-049-15W5/00

    

     

    

     

     

    

     

    

    

    

    

    

    

    

    

    7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00171-of-00352.parquet"}]]