Document:

CONSULTING
AGREEMENT

    

    This Consulting Agreement (the “Agreement”), dated this
28th  day
of December 2009, (the “Effective Date”) is by and
between Stuart
Havenstrite (hereinafter referred to as the “Service Provider”), and Desert Hawk Gold Corp., a
Nevada corporation (hereinafter referred to as the “Company”).

    

    Recitals:

    

    A.          The
Company desires to engage the Service Provider to provide geological services
for the Company’s mining project located in the Gold Hill Mining District of
Toole County, Utah (the “Mining
Project”).

    

    B.          The
Service Provider is a geologist with significant mining experience and has
agreed to provide the services on the terms and conditions set forth in this
Agreement.

    

    NOW, THEREFORE, in consideration of the
faithful performance of the obligations set forth herein and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Service Provider and the Company hereby agree as
follows.

    

    1.           Engagement.  The
Company hereby engages the Service Provider, and the Service Provider hereby
accepts the engagement, to provide certain geological services for the Company
subject to and in compliance with the terms and conditions of this
Agreement.

    

    2.           Term of
Service. The Company hereby retains the Service Provider for a period of
one year beginning as of the Effective Date, which term shall be automatically
renewable upon mutual consent of the parties for additional one-year terms as
provided herein, unless sooner terminated as provided in Section 7 below (the
“Term”). The Term and
any extension thereof shall be referred to herein as the “Consulting
Period.”  Any Services provided hereunder, and any compensation
paid prior to the date this Agreement is executed by the parties, but after the
Effective Date, shall be included in this Agreement.

    

    3.           Services to Be
Provided.  During the Consulting Period the Service Provider
shall provide the following services to the Company:

    

    a.           Geological
Services.  The Service Provider will provide those services
customarily provided by a geologist in connection with a mining project similar
to the Company’s Mining Project, including, but not limited to, the following
(the “Services”):

    (i)          
Geological reports relating to the Mining Project;

    (ii)        
 Mapping of the Mining Project;

    (iii)         Core
analysis of samples from the Mining Project;

    (iv)         Developing
and conducting a drilling project on the Mining Project; and

    
      	
               
      

            	
              (v)

            	
              Such
      other geological services related to the Mining Project as the parties
      shall reasonable determine as required or beneficial for the Mining
      Project.

            

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    b.           Availability.  The
Service Provider shall perform the Services on an as-needed basis as reasonably
requested by the Company from time to time and the Service Provider shall make
himself reasonably available to perform such Services in a timely
manner.  The parties shall in good faith develop a schedule of
projects to be performed in connection with the Mining Project with the
completion dates for each project.

    

    c.           Manner of Services
Provided.  The Service Provider agrees that the Services will
be rendered in a “workmanlike manner,” consistent with the manner of performance
by other consultants providing the same or similar services as being rendered
hereunder.

    

    4.           Devotion of
Time.  During the Consulting  Period, the Service
Provider shall expend adequate working time to perform the Services set forth
herein; shall devote his best efforts, energy and skill to the services of the
Company and the development of the Mining Project; and shall not take part in
activities detrimental to the best interests of the Company.  Nothing
in this Agreement shall preclude the Service Provider during the term of this
Agreement from engaging, directly or indirectly, in any business activity which
is not competitive with the then existing business of the Company.

    

    5.           Disclosure of
Material Events.  The Company shall promptly disclose to the
Service Provider those events or discoveries which are known and/or reasonably
anticipated that, in the judgment of the Company may have a material impact on
the Mining Project and which may have a material impact on the ability and
effectiveness of the Service Provider in providing the Services
hereunder.

    

    6.           Compensation.  In
consideration for services provided by the Service Provider to the Company, the
Company shall provide the following compensation to Service
Provider:

    

    a.           Hourly Fees.  The
Service Provider shall bill the Company on a monthly basis for the time devoted
to the Services provided hereunder.  The fees charged by the Service
Provider shall be at the regular hourly fee charged by the Service Provider for
like clients.  The Company shall pay such monthly invoices not later
than the 15 business day following receipt of the
invoice.  Notwithstanding the foregoing, the monthly fees billed
during any calendar month shall not exceed $6,000.

    

    b.           Reimbursable
Expenses.  The Company agrees to reimburse the Service Provider
for all direct expenses authorized by the Company in writing incurred during the
Term of this Agreement.  The Service Provider shall submit invoices
for such expenses and shall provide such supporting information and
documentation as the Company may reasonably request in accordance with Company
policy and the requirements of the Internal Revenue Code.  The Company
shall pay such invoices within ten (10) days of receipt.

    

    7.           Termination and
Extension. The Term shall be sooner terminated or further extended under
the following circumstances:

    

    a.           Termination for Cause. Either
party hereto shall be entitled, with or without prior notice, to terminate this
Agreement for cause, in which case no consulting fees or other compensation
(other than such fees that have already been earned by Service Provider) shall
be payable to Service Provider after such termination. “Cause” means either
party’s (i) gross negligence in the performance or non-performance of any
material duties hereunder; (ii) commission of any material criminal act or fraud
or of any act that affects adversely the reputation of the Company or the
Service Provider; (iii) habitual neglect of either party’s duties required to
perform under this Agreement; (iv) dishonesty; or (v) gross
misconduct.  Such termination shall not prejudice any other remedy
under law or equity of the non-defaulting party and the failure of such party to
terminate Service Provider when cause exists shall not constitute the waiver of
that party’s right to terminate this Agreement at a later
time.  Termination under this Section shall be considered “for cause”
for purposes of this Agreement.

    
      
         

      

      
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    b.           Extension of Term. The
initial Term may be further extended with the express authorization of the
Company’s Board of Directors and Service Provider. Any extended term may be
terminated at any time at the will of the Board of Directors, with or without
cause.

    

    8.           Confidential
Information.  Service Provider recognizes and acknowledges that
certain information, including, but not limited to, information pertaining to
the financial condition of the Company, its systems, methods of doing business,
agreements with customers or suppliers, or other aspects of the business of the
Company or which are sufficiently secret to derive economic value from not being
disclosed (hereinafter “Confidential Information”) may
be made available or otherwise come into the possession of the Service Provider
by reason of this engagement with the Company.  Accordingly, the
Service Provider agrees that no agent, employee, or representative will (either
during or after the term of this Agreement) disclose any Confidential
Information to any person, firm, corporation, association, or other entity for
any reason or purpose whatsoever or make use to its or their personal advantage
or to the advantage of any third party, of any Confidential Information, without
the prior written consent of the Company.  The parties hereto agree
that the provisions of this Section shall not apply with respect to any
information that the Service Provider can document (i) is or becomes (through no
improper action or inaction by the Service Provider or any affiliate, agent,
consultant or employee) generally available to the public, or (ii) was in its
possession or known by it without any limitation on use or disclosure prior to
the Effective Date.  Service Provider shall, upon termination of this
engagement, return to the Company, and shall cause his agents, employees, and
representatives to return to the Company, all documents which reflect
Confidential Information (including copies thereof).  Notwithstanding
anything heretofore stated in this paragraph, the Service Provider’s obligations
under this Agreement shall not, after termination of Service Provider’s
engagement with the Company, apply to information which has become generally
available to the public without any action or omission of the Service Provider
(except that any Confidential Information which is disclosed to any third party
by an employee or representative of the Company who is authorized to make such
disclosure shall be deemed to remain confidential and protectable under this
provision).

    

    9.           Trading
Practices.  So long as the Service Provider is in possession of
any material non-public information of the Company, the Service Provider shall
not, directly or indirectly engage in the purchase or sale the common stock of
the Company.  During the Term of this Agreement, and for a period of
one year after the termination of this Agreement, the Service Provider shall
not, directly or indirectly, engage in any short selling activities of the
common stock of the Company.

    

    10.           Independent
Contractor.  Service Provider agrees that in performing this
Agreement, it is acting as an independent contractor and not as an employee,
representative, or agent of the Company and shall provide all facilities and
equipment necessary to fulfill its obligations hereunder.  As an
independent contractor, the Service Provider shall make no representation as an
agent or employee of the Company, shall have no authority to bind the Company or
incur other obligations on behalf of the Company, and shall not be eligible for
any benefits which the Company may provide to its
employees.  Likewise, the Company shall have no authority to bind or
incur obligations on behalf of the Service Provider.  All persons
hired or retained by Service Provider to perform this Agreement, including, but
not limited to, its employees, representatives, and agents, shall be employees
or contractors of the Service Provider and shall not be construed as employees
or agents of the Company in any respect.  The Service Provider shall
be responsible for all taxes, insurance and other costs and payments legally
required to be withheld or provided in connection with Service Provider’s
performance of this Agreement, including without limitation, all withholding
taxes, worker’s compensation insurance, and similar costs.  The
Service Provider shall abide by all laws, rules, and regulations pertaining to
the Services to be provided hereunder.

    
      
         

      

      
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    11.           Miscellaneous
Provisions.

    

    a.           Notice.  All
notices required or permitted hereunder shall be in writing and shall be deemed
effective: (i) upon personal delivery; (ii) in the case of delivery by mail
within the continental United States, on the fourth (4th)
business day after such notice or other communication shall have been deposited
in the mail, postage prepaid, return receipt requested; (iii) when sent by
either facsimile or email at the applicable facsimile number or email address
set forth below upon confirmation of transmission or receipt of mailing; or (iv)
in the case of delivery by internationally recognized overnight delivery
service, when received, addressed as follows:

    

    If to the
Company to:

    Desert Hawk Gold Corp.

    8921 N.
Indian Trail Road, #288

    Spokane,
WA   99208

    Attn:  Robert
E. Jorgensen, Chairman

    FAX:                                                                

    Email:  bjorg53@yahoo.com

    

    If to the
Service Provider, to:

    Stuart Havenstrite

                                                                              
                                                                          

    FAX:                                                               
 

    Email:                                                               

    

    or to
such other address or addresses, facsimile number or numbers, or email address
or addresses as either party shall designate to the other in writing from time
to time by like notice.

    

    b.           Attorneys’
Fees.  If any legal action or other proceeding is brought for
the enforcement of this Agreement, or because of an alleged dispute, breach,
default, or misrepresentation in connection with any of the provisions of this
Agreement, the successful or prevailing party or parties will be entitled to
recover reasonable attorneys’ fees and other costs incurred in that action or
proceeding, in addition to any other relief to which it or he may be
entitled.

    

    c.           Additional
Remedies.  Service Provider acknowledges and agrees that, in
the event it shall violate any of the restrictions of this Agreement, the
Company will be without adequate remedy at law and will therefor be entitled to
enforce such restrictions by temporary or permanent injunctive or mandatory
relief obtained in an action or may have at law or in equity, and the Service
Provider hereby consents to the jurisdiction of such court for such purpose,
provided that reasonable notice of any proceeding is given, it being understood
that such injunction shall be in addition to any remedy which the Company may
have at law or otherwise.

    

    d.           Entire Agreement; Modification;
Waiver.  This Agreement constitutes the entire agreement
between or among the parties pertaining to the subject matter contained in it
and supersedes all prior and contemporaneous agreements, representations, and
understandings of the parties.  No supplement, modification, or
amendment of this Agreement will be binding unless executed in writing by all
the parties or the applicable parties to be bound by such
amendment.  No waiver of any of the provisions of this Agreement will
constitute a waiver of any other provision, whether or not similar, nor will any
waiver constitute a continuing waiver.  No waiver will be binding
unless executed in writing by the party making the waiver.

    
      
         

      

      
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    e.           Survival of Covenants,
Etc.  All covenants, representations and warranties made herein
shall survive the making of this Agreement and shall continue in full force and
effect for a period of two years from the termination date of this Agreement, at
the end of which period no claim may be made with respect to any such covenant,
representation, or warranty unless such claim shall have been asserted in
writing to the indemnifying party during such period.

    

    f.      
     Assignment.  This
Agreement, as it relates to the engagement of the Service Provider, is a
personal contract and the rights and interests of the Service Provider hereunder
may not be sold, transferred, assigned, pledged or hypothecated, without the
prior written consent of the Company, which consent may be withheld for any
reason.

    

    g.           Binding on
Successors.  This Agreement will be binding on, and will inure
to the benefit of, the parties to it and their respective successors, and
assigns.

    

    h.           Governing Law and
Venue.  This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Utah applicable to contracts made and
to be performed in such State, without reference to the choice of law principals
thereof, and any and all actions to enforce the provisions of this Agreement
shall be brought in a court of competent jurisdiction in the State of Utah and
in no other place.

    

    i.       
    Rights
Are Cumulative.  The rights and remedies granted to the parties
hereunder shall be in addition to and cumulative of any other rights or remedies
either may have under any document or documents executed in connection herewith
or available under applicable law.  No delay or failure on the part of
a party in the exercise of any power or right shall operate as a waiver thereof
nor as an acquiescence in any default nor shall any single or partial exercise
of any power or right preclude any other or further exercise thereof or the
exercise of any other power or right.

    

    j.       
    Severability.  If
any provision of this Agreement is held invalid or unenforceable by any court of
final jurisdiction, it is the intent of the parties that all other provisions of
this Agreement be construed to remain fully valid, enforceable, and binding on
the parties.

    

    k.           Drafting.  This
Agreement was drafted with the joint participation of the parties and/or their
legal counsel.  Any ambiguity contained in this Agreement shall not be
construed against any party as the draftsman, but this Agreement shall be
construed in accordance with its fair meaning.

    

    l.       
    Headings.  The
descriptive headings of the various paragraphs or parts of this Agreement are
for convenience only and shall not affect the meaning or construction of any of
the provisions hereof.

    

    m.         Number and
Gender.  Wherever from the context it appears appropriate, each
term stated in either the singular or the plural shall include the singular and
the plural, and pronouns stated in either the masculine, the feminine, or the
neuter gender shall include the masculine, feminine, and neuter.

    

    n.    
     Counterparts; Facsimile
Execution.  This Agreement may be executed in any number of
counterparts and all such counterparts taken together shall be deemed to
constitute one instrument.  Delivery of an executed counterpart of
this Agreement by facsimile or email shall be equally as effective as delivery
of a manually executed counterpart of this Agreement.  Any party
delivering an executed counterpart of this Agreement by facsimile or email also
shall deliver a manually executed counterpart of this Agreement, but the failure
to deliver a manually executed counterpart shall not affect the validity,
enforceability, or binding effect of this Agreement.

    
      
         

      

      
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    o.          Full Knowledge.  By
their signatures, the parties acknowledge that they have carefully read and
fully understand the terms and conditions of this Agreement, that each party has
had the benefit of counsel, or has been advised to obtain counsel, and that each
party has freely agreed to be bound by the terms and conditions of this
Agreement.

    

    [SIGNATURE
PAGE FOLLOWS]

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    SIGNATURE
PAGE

    

    IN
WITNESS WHEREOF, each of the parties hereto, thereunto duly authorized, has
executed this Agreement the respective day and year set forth
below.

    

    
      	
              COMPANY:

            	
              Desert
      Hawk Gold Corp.

            
	 
      	 
      	 
      
	
              Date:  December
      28, 2009

            	
              By 

            	
              /s/Robert E. Jorgensen

            
	 
      	 
      	
              Robert
      E. Jorgensen, Chairman

            
	 
      	 
      	 
      
	
              SERVICE
      PROVIDER:

            	 
      	 
      
	 
      	 
      	 
      
	
              Date:  December
      28, 2009

            	
              /s/ Stuart Havenstrite

            
	 
      	
              Stuart
      Havenstrite

            

    

    
      
         

      

      
        7ex10pt1pa.htm

PURCHASE AGREEMENT

THIS PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of the 27th day of August, 2010 (the “Effective Date”), by and between LEO QUINTANILLA and HECTOR QUINTANILLA of McMullen County, Texas (collectively, the “Purchasers”), SUPREME OILFIELD SERVICES, INC., a Delaware corporation (“Seller”), NYTEX ENERGY HOLDINGS, INC., a Delaware corporation (“NYTEX”), NYTEX PETROLEUM, INC., a Delaware corporation (“NYTEX Petroleum”), and SUPREME FLUID SERVICES PARTNERS, LLC, a Texas limited liability company (collectively, including SOS, the “Sellers (NYTEX, NYTEX Petroleum and Sellers may be collectively hereinafter referred to the “NYTEX Parties”), SUPREME VACUUM SERVICES, INC., a Texas corporation (“Supreme Vacuum”), GOLDWELL INVESTMENTS, INC., a Texas corporation (“Goldwell”), WELDON CUDE of Atascosa County, Texas (“Cude”), and HILL MARTIN of Dallas County, Texas (“Martin”) (Seller, NYTEX, NYTEX Petroleum, Purchasers, Supreme Vacuum, Goldwell, Cude and Martin may be collectively hereinafter to the “Parties” or individually as a “Party”).

I.

Recitals

A.           Seller is the registered owner of 2,060.4 shares (the “Registered Shares”) of the issued and outstanding common stock of Supreme Vacuum, represented by Supreme Vacuum Stock Certificates No. 7 (1,470 shares) and 8 (590.4 shares); and

B.           Seller is also the legal and/or equitable owner of 75 shares of the issued and outstanding common stock of Supreme Vacuum, represented by Supreme Vacuum Stock Certificate No. 9, registered in the corporate records of Supreme Vacuum in the name of Martin, together with the right of Martin to receive an additional 125 shares of the common stock of Supreme Vacuum under the terms of that certain Revenue Distribution Agreement dated December 30, 2008 (the “RDA”), between Seller, Supreme Vacuum, Goldwell and Martin (collectively, the “Martin Shares”); and

C.           Seller is further the legal and/or equitable owner of a note and/or account originally receivable by Martin from Supreme Vacuum in the original principal amount of $31.250.00 (the “Martin Note/Receivable”); and

D.           In addition to the RDA, one or more of the Parties to this Agreement are also Parties to the following agreements:

1.           Amended and Restated Agreement and Plan of Reorganization dated as of November 1, 2008 (the “Principal Agreement”), by and between the NYTEX Parties and the Purchasers, Supreme Vacuum, Goldwell, Cude and Martin; and

2.           Buy-Sell Agreement dated as of December 30, 2008 (the “Buy-Sell Agreement”), between Supreme Vacuum, Seller, Goldwell and Martin; and

3.           Voting Trust Agreement dated as of December 30, 2008, between Goldwell, as Trustee, and Seller; and

  

  

  

 

4.           Voting Trust Agreement dated as of December 30, 2008, between Goldwell, as Trustee, and Martin; and

5.           Numerous other written and oral agreements and undertakings between the Parties relating to the acquisition of common stock of Supreme Vacuum by Seller and Martin and various and sundry other business dealings and transactions between the Parties relating to these and other matters; and

The Principal Agreement, the Buy-Sell Agreement, the Voting Trust Agreement and all of such prior agreements and undertakings between the Parties are hereinafter collectively referred to as the “Prior Agreements”; and

E.           The Purchasers desire to purchase from the Seller the Registered Shares, the Martin Shares and the Martin Note/Receivable for the cash sum of $400,000.00; and

F.           Supreme Vacuum, acting through its Board of Directors, has determined that it does not have the financial ability to exercise its right under the Buy-Sell Agreement to purchase the Registered Shares and the Martin Shares, and it has elected to waive its purchase right under the Buy-Sell Agreement; and

G.           Goldwell, acting through its Board of Directors, has determined that it does not have the financial ability to exercise its right under the Buy-Sell Agreement to purchase the Registered Shares and the Martin Shares, and it has elected to waive (i) its purchase right under the Buy-Sell Agreement and (ii) its right under the Buy-Sell Agreement to require the Purchasers to release and eliminate all guaranties of Supreme Vacuum debt by Purchasers and Cude; and

H.           Although it is uncertain whether Martin still has the right to purchase the Registered Shares and the Martin Shares under the terms of the Buy-Sell Agreement, Martin has elected to waiver any such right to purchase to the extent same still exists.

II.

Representations and Warranties of Sellers

The NYTEX Parties hereby represent and warrant to Purchasers as follows:

A.           Organization, Standing and Authority; Execution and Delivery; Enforceability.

1.           Each of the NYTEX Parties is a legal entity, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Each of the NYTEX Parties has all requisite power and authority to (i) enter into this Agreement and to consummate the transactions contemplated hereby and thereby, and (ii) cause the Seller to transfer and assign the Registered Shares, the Martin Shares and the Martin Note/Receivable (collectively, the “Assets”), as applicable. All corporate and limited liability company acts and other proceedings required to be taken by the NYTEX Parties to authorize the execution, delivery and performance of this Agreement and to consummate the transactions contemplated hereby, have been or will be, prior to Closing, duly and properly taken.

  Purchase Agreement                                                                                                                                                                                                                                                                                                                                                                 Page 2 of 12

  

  

 

2.           This Agreement has been duly executed and delivered by the NYTEX Parties. 1 his Agreement constitutes a legal, valid and binding obligation of the Sellers, enforceable against such NYTEX Parties in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by the NYTEX Parties do not, and the consummation of the transactions contemplated hereby and the compliance by the NYTEX Parties with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the Sellers’ organizational documents, any other documents affecting the NYTEX Parties or judicial or regulatory order or decree affecting the NYTEX Parties, except for the right of first refusal granted under the Buy-Sell Agreement, which rights are waived by Supreme Vacuum, Goldwell and Martin in accordance with Section III(D) herein.

2.           No consent, waiver, approval, license, permit, order or authorization of, or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to the NYTEX Parties in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

C.           Title. Seller holds full and valid legal and equitable title to the Assets free and clear of all liens, claims, encumbrances, security interests, restrictions on transfer or other defects in title of any kind, and Seller is offering, selling and transferring the Assets to the Purchasers free and clear of all liens, claims, encumbrances, security interests, restrictions on transfer or other defects in title of any kind or description, except for provisions contained in the Principal Agreement, the RDA, the Buy-Sell Agreement and the Voting Trust Agreements. Seller is not a party to any contract that remains in effect with respect to the Assets other than the Prior Agreements.

D.           Survival; Indemnity. The above representations and warranties of the NYTEX Parties shall survive the Closing of the transactions contemplated by this Agreement. The NYTEX Parties each hereby agree to defend, indemnify and hold harmless the Purchasers and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of the NYTEX Parties’ representations and warranties made in this Agreement, (ii) any material failure of Sellers to perform their obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall be cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties.

Purchase Agreement                                                                                                                                                                                                                                                                                                                                                                  Page 3 of 12  

  

  

 

III.

Representations and Warranties of the Purchasers

The Purchasers hereby represent and warrant to the NYTEX Parties as follows:

A.           Organization. Standing and Authority; Execution and Delivery; Enforceability. This Agreement has been duly executed and delivered by the Purchasers. This Agreement constitutes a legal, valid and binding obligation of the Purchasers, enforceable against each such Purchasers in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by the Purchasers do not, and the consummation of the transactions contemplated hereby and the compliance by the Purchasers with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the organizational documents of any of the Purchasers, any other documents affecting the Purchasers or judicial or regulatory order or decree affecting the Purchasers.

2.           No consent, waiver, approval, license, permit, order or authorization of or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to the Purchasers in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

C.           Survival; Indemnity. The above representations and warranties of the Purchasers shall survive the Closing of the transactions contemplated by this Agreement. The Purchasers each hereby agree to defend, indemnify and hold harmless the NYTEX Parties and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of the Purchasers’ representations and warranties made in this Agreement, (ii) any material failure of Purchasers to perform their obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall be cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties.

 

IV.

Representations and Warranties of Supreme Vacuum

Supreme Vacuum hereby represents and warrants to the NYTEX Parties as follows:

Purchase Agreement                                                                                                                                                                                                                                                                                                                                                                  Page 4 of 12  

  

  

A.           Organization, Standing and Authority; Execution and Delivery; Enforceability.

1.           Supreme Vacuum is a legal entity, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Supreme Vacuum has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby and thereby. All corporate acts and other proceedings required to he taken by Supreme Vacuum to authorize the execution, delivery and performance of this Agreement and to consummate the transactions contemplated hereby, have been or will be, prior to Closing, duly and properly taken.

2.           This Agreement has been duly executed and delivered by the Supreme Vacuum. This Agreement constitutes a legal, valid and binding obligation of the Supreme Vacuum, enforceable against Supreme Vacuum in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by Supreme Vacuum does not, and the consummation of the transactions contemplated hereby and the compliance by Supreme Vacuum with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the organizational documents of Supreme Vacuum, any other documents affecting Supreme Vacuum or judicial or regulatory order or decree affecting the Supreme Vacuum.

2.           No consent, waiver, approval, license, permit, order or authorization of, or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to Supreme Vacuum in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

C.           Survival; Indemnity. The above representations and warranties of Supreme Vacuum shall survive the Closing of the transactions contemplated by this Agreement. Supreme Vacuum hereby agrees to defend, indemnify and hold harmless the NYTEX Parties and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of Supreme Vacuum’s representations and warranties made in this Agreement, (ii) any material failure of Supreme Vacuum to perform its obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, 

investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall be cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties.

D.           Waiver of Right of First Refusal. To the extent it has a right of first refusal pursuant to the Buy-Sell-Agreement, Supreme Vacuum hereby waives such right and specifically approves of the transactions contemplated by this Agreement.

 

 

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V.

Representations and Warranties of Goldwell

Goldwell hereby represents and warrants to the NYTEX Parties as follows:

A.           Organization, Standing and Authority; Execution and Delivery; Enforceability.

1.           Goldwell is a legal entity, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization. Goldwell has all requisite power and authority to enter into this Agreement and to consummate the transactions contemplated hereby and thereby. All corporate acts and other proceedings required to be taken by Goldwell to authorize the execution, delivery and performance of this Agreement and to consummate the transactions contemplated hereby, have been or will be, prior to Closing, duly and properly taken.

2.           This Agreement has been duly executed and delivered by the Goldwell. This Agreement constitutes a legal, valid and binding obligation of the Goldwell, enforceable against Goldwell in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by Goldwell does not, and the consummation of the transactions contemplated hereby and the compliance by Goldwell with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the organizational documents of Goldwell, any other documents affecting Goldwell or judicial or regulatory order or decree affecting the Goldwell.

2.           No consent, waiver, approval, license, permit, order or authorization of, or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to Goldwell in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

 

C.           Survival; Indemnity. The above representations and warranties of Goldwell shall survive the Closing of the transactions contemplated by this Agreement. Goldwell hereby agrees to defend, indemnify and hold harmless the NYTEX Parties and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of Goldwell’s representations and warranties made in this Agreement, (ii) any material failure of Goldwell to perform its obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall he cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties.

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D.           Waiver of Right of First Refusal. To the extent it has a right of first refusal pursuant to the Buy-Sell Agreement, Goldwell hereby waives such right and specifically approves of the transactions contemplated by this Agreement.

VI.

Representations and Warranties of Martin

Martin hereby represents and warrants to the NYTEX Parties as follows:

A.           Execution and Delivery., Enforceability. This Agreement has been duly executed and delivered by the Martin. This Agreement constitutes a legal, valid and binding obligation of the Martin, enforceable against Martin in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by Martin does not, and the consummation of the transactions contemplated hereby and the compliance by Martin with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the organizational documents of Martin, any other documents affecting Martin or judicial or regulatory order or decree affecting the Martin.

2.           No consent, waiver, approval, license, permit, order or authorization of, or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to Martin in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

C.           Survival; Indemnity. The above representations and warranties of Martin shall survive the Closing of the transactions contemplated by this Agreement. Martin hereby agrees to defend, indemnify and hold harmless the NYTEX Parties and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of Martin’s representations and warranties made in this Agreement, (ii) any material failure of Martin to perform its obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall be cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties.

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D.           Waiver of Right of First Refusal. To the extent he has a right of first refusal pursuant to the Buy-Sell Agreement, Martin hereby waives such right and specifically approves of the transactions contemplated by this Agreement.

VII.

Representations and Warranties of Cude

Cude hereby represents and warrants to the NYTEX Parties as follows:

A.           Execution and Delivery; Enforceability. This Agreement has been duly executed and delivered by the Cude. This Agreement constitutes a legal, valid and binding obligation of the Cude, unenforceable against Cude in accordance with its terms.

B.           No Conflicts; Consents.

1.           The execution and delivery of this Agreement by Cude does not, and the consummation of the transactions contemplated hereby and the compliance by Cude with the terms and conditions hereof will not, conflict with, or result in any violation of, breach or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation, payment or acceleration of any obligation or to loss of benefit under, or result in the creation of any liens, claims, encumbrances, security interests, options, charges, licenses to third parties or other restrictions of any kind under any provision of the organizational documents of Cude, any other documents affecting Cude or judicial or regulatory order or decree affecting the Cude.

2.           No consent, waiver, approval, license, permit, order or authorization of, or registration, declaration or filing with, any governmental entity is required to be obtained or made by or with respect to Cude in connection with the execution, delivery and performance of this Agreement or the consummation of the transactions contemplated hereby.

C.           Survival; Indemnity. The above representations and warranties of Cude shall survive the Closing of the transactions contemplated by this Agreement. Cude hereby agrees to defend, indemnify and hold harmless the NYTEX Parties and their employees, agents, successors and assigns from and against any claim, damage, liability, loss, cost or expense (including reasonable attorney’s fees) arising directly or indirectly out of (i) any material inaccuracy or breach of any of Cude’s representations and warranties made in this Agreement, (ii) any material failure of Cude to perform its obligations as set forth in this Agreement, and (iii) any and all actions, suits, litigation, arbitration, proceedings, investigations, claims or liabilities of whatever nature arising out of the foregoing. The remedies set out above shall be cumulative and shall not preclude the assertion by any Party or any other rights or the seeking of any other remedies against other Parties. 

VIII.

Closing

A.           The Purchase Price for the Assets payable by Purchasers to Seller at Closing shall be $400,000.00.

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B.           The Closing of the transactions contemplated by this Agreement shall take place at the offices of Goldwell at 1200 Bensdale Road, Pleasanton, Texas, at a mutually agreeable time on or before August 27, 2010. Michael Galvis shall personally attend such Closing as the duly authorized representative of Purchasers and as a Director of Supreme Vacuum.

C.           At Closing, Supreme Vacuum shall hold a special, called meeting of its Board of Directors to authorize and approve this Agreement and to waive its rights under the Buy-Sell Agreement to purchase the Registered Shares and the Martin Shares.

D.           Also at Closing, there shall be a special, called meeting of the Board of Directors of Goldwell to authorize and approve this Agreement and to waive its rights under the Buy-Sell Agreement to (i) acquire the Registered Shares and the Martin Shares, and (ii) require the Purchasers to release and eliminate all guaranties of Supreme Vacuum debt by Purchasers and Cude.

E.           Following such meetings of the Board of Directors of Supreme Vacuum and Goldwell, Michael Galvis shall resign as a Director of Supreme Vacuum, and Cude shall resign as a Director of Supreme Vacuum.

F.           This Agreement shall be fully executed by all Parties other than Martin at Closing. Martin may sign this Agreement prior to Closing and deliver his signed Agreement to the Closing through Michael Galvis or otherwise. By virtue of signing this Agreement at Closing, Sellers shall be deemed to have thereby assigned, transferred and delivered the Assets to Purchasers in the proportions of sixty percent (60%) to Leo Quintanilla and forty percent (40%) to Hector Quintanilla.

G.           Also at Closing, subject to payment of the Purchase Price, Seller shall endorse the Supreme Vacuum stock certificates representing the Registered Shares and the Martin Shares over to Purchasers in the proportion of sixty percent (60%) to Leo Quintanilla and forty percent (40%) to Hector Quintanilla.

H.           Subject to the delivery of all such documentation at Closing, Purchasers shall deliver to Michael Galvis, as representative of SOS, one or more cashier’s checks payable to SOS in the aggregate amount of $400,000.00.

 

IX.

Termination of Prior Agreements

The Parties hereto agree that the Prior Agreements shall be fully and finally terminated in their entirety as of the Effective Date and be of no further force or effect. No Party hereto shall have any further obligation or liability to any other Party hereto under the Prior Agreements from and after the Effective Date.

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X.

Full Release

The Parties to this Agreement, for themselves and each of their respective (as applicable) affiliates, officers, directors, shareholders, members, managers, employees, contractors, estates, spouses, heirs, executors, administrators, successors, assigns and agents hereby fully and finally release, acquit and discharge all other Parties to this Agreement and each of their respective (as applicable) present and former affiliates, officers, directors, shareholders, members, managers, employees, contractors, estates, spouses, heirs, executors, administrators, successors, assigns and agents of and from all claims, actions, attorneys’ fee claims, choses in action, causes of action, damages, demands, differences. expenses, losses and liabilities of any nature, whether in contract or in tort or under any statute, whether choate, inchoate, matured, unmatured, fixed, contingent, legal or equitable, whether known or unknown, whether they be direct actions, counterclaims, cross-actions or third-party claims, whether for compensatory, punitive or exemplary damages, or arising under or by virtue of any judicial decision, statute or regulation, for past, present and/or future injuries for property or economic damage and for all other losses and damages of any kind or character, including, but not limited to, all elements of damages, all remedies, all claims, demands and causes of action that are now recognized by law or that may be created or recognized in the future in any manner, including, without limitation, by statute, regulation (administrative or otherwise) or judicial decision, and including, but not limited to, all claims, demands and causes of action which any Party hereto may have now or may have in the future, by virtue of assignment or otherwise, arising out of the manner in which any Parties’ counsel handled, settled or defended any claims, demands or causes of action in connection with the Prior Agreements and all prior transactions between the Parties hereto.

XI.

Miscellaneous

A.           Each Party hereby represents and warrants that he or it has the authority and capacity to enter into this Agreement and to grant the releases set forth herein; that he or it is the sole owner of any and all claims released by this Agreement; and that no portion of any claim released in this Agreement has been sold, assigned, transferred, pledged or hypothecated to any third party.

B.           The Parties agree that the releases contained in this Agreement have been agreed to in order to fully settle and satisfy all claims that the Parties had or have against the others on the Effective Date of this Agreement, and that no Party will receive any further sums, money or consideration therefor. 

C.           This Agreement shall be binding upon and inure to the benefit of the Parties and their respective heirs, executors, administrators, legal representatives, successors and assigns.

D.           This Agreement may not be amended or other changed except by an agreement in writing signed by each of the Parties.

E.           If any provision of this Agreement is or may be held by a court of competent jurisdiction to be invalid, void or unenforceable, the remaining provisions shall nonetheless survive and continue in full force and effect without being impaired or invalidated in any way.

F.           This Agreement may be executed in several counterparts, each of which shall be an original and each of which shall constitute but one and the same instrument. This Agreement may be executed and delivered by one or more Parties by facsimile or electronic transmission and, when so delivered, shall be deemed an original document bearing an original signature and shall constitute the valid, binding and enforceable obligation of the Party or Parties so delivering this Agreement.

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G.           Headings in this Agreement are for the convenience of the Parties and are not to be used in construing the Agreement. This Agreement shall not be construed or interpreted against any Parties, by reason of having drafted this Agreement or otherwise, but shall be construed and interpreted as to give the fullest affect to the undertakings and releases set forth herein.

IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed and be effective as of the Effective Date.

	
 

PURCHASERS

	  
	  
	___________________________________  
	
Leo Quintanilla

	  
	  
	___________________________________  
	
Hector Quintanilla

	  
	  
	
SELLERS

	  
	  
	
SUPREME OILFIELD SERVICES, INC.

	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

	  
	  
	  
	
NYTEX ENERGY HOLDINGS, INC.

	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

Purchase Agreement                                                                                                                                                                                                                                                                                                                                                                Page 11 of 12  

  

  

	
NYTEX PETROLEUM, INC.

	  
	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

	  
	  
	
SUPREME FLUID SERVICES PARTNERS, LLC

	  
	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

	  
	  
	
OTHER PARTIES

	  
	  
	
SUPREME VACUUM SERVICES, INC.

	  
	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

	  
	  
	
GOLDWELL INVESTMENTS, INC.

	  
	  
	
By:_________________________________

	
Its:_________________________________

	
Printed Name:_________________________

	  
	  
	___________________________________  
	
Weldon Cude

	  
	  
	___________________________________  
	
Hill Martin

 

 

 

Purchase Agreement                                                                                                                                                                                                                                                                                                                                                              Page 12 of 12

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