Document:

LETTER OF AGREEMENT TO PURCHASE 

 

Robert Freeman, President

Freehawk Productions, Inc.

11985 Southern Boulevard, Suite #104

	
            Royal Palm Beach, FL  
 	
            33411
 	
             

	
             
	
            April 13, 2006
 
				

Dear Mr. Freeman:

 

	
            This letter sets forth the Agreement {“Agreement”) between Robert Freeman, President
 

FREEHAWK PRODUCTIONS, INC. hereinafter, (the “Freehawk” ) and SIGNET INTERNATIONAL HOLDINGS, Inc. (the “Signet”) on the other hand, with respect to 20 one-half hour screenplays entitled and along with format of subject matter is listed on the accompanying schedule referenced as EXHIBIT A  which is made a part of this Letter Agreement to Purchase hereinafter (“The Property”).

The Property is being purchased by Signet to be delivered with 36 months for the purpose of being developed and produced as individual productions or as a series, to be broadcast and/or presented in any format, as a Television Programming and/or Feature Films, hereinafter, (the “Programs”). Signet will provide Freehawk studio and equipment facilities and personnel staff. 

 

1. PURCHASE PRICE & TERMS

	
            •
 	
            PURCHASE PRICE:  The agreed purchase price for the total 20 one half-hour ready to air shows and supplementary 80 one –half hour ready to air episodes is $3,000,000.00. This price includes all of the rights, title and privileges of the properties and any ancillaries that may accrue to Signet as defined in Paragraph 2 entitled Rights Granted. 
 

	
            •
 	
            PAYMENT TERMS & CONDITIONS. :
 

a.         Deposit-   Cash $10,000. Payable no earlier than 60 days but no later than 90 days after the execution of this contract.

b.         Installment Payments – Cash $10,000.00 per month for 24 months beginning December 1, 2006.

c.         Balance of Payment- 550,000 shares of Signet Common Stock will be issued to Freehawk on June 30, 2006 and delivered to Signet’s Transfer Agent to be disbursed to Freehawk upon Signet’s authorization on or about the dates according to the herein Delivery schedule referenced in Paragraph 2 below. Should the market value of the Signet Common Stock result in less than the balance due Freehawk, Signet will issue additional stock to Freehawk at the end of the term of this agreement. Upon agreement of purchase price and terms of payment, Signet shall acquire all rights to the Property (as described below).

 

	
            2. DELIVERY  
 

Freehawk will deliver to Signet a total of twenty titled one- half hour ready to air shows over the period of thirty-six months. Each show followed by 4 additional episodes the aggregate being 100 shows.  The delivery time schedule will be as follows:

a. Three shows and follow-up episodes within the first 12 months from execution of this contract, the aggregate being 15 one-half hour ready to air shows.

 

 

 

 

b. Two shows and follow-up episodes every eight weeks after the first year, the aggregate being 85 one-half hour ready to air shows.  

 

Signet reserves the option to select any particular titled show and number of episodes of each with reasonable production time allowance. 

 

3. RIGHTS GRANTED

Freehawk hereby sells to Signet  outright, exclusively and in perpetuity, all right, title, and interest of any kind or nature whatsoever, whether now or hereafter known or existing in all languages, throughout the universe in and to the property (the Rights”). The Rights shall include, without limitation, all motion programs, television and allied rights in and to the Property including, without limitation, music, live action, animation, remake, sequel, prequel, series, Digital television and video cassette and/or video laser disc recording, sound track, media rights, merchandising, and commercial tie-up rights in and to the Property and any and all rights therefrom or ancillary thereto and the excusive right to exploit any and/or all such rights as Signet may choose in its sole discretion in any and/or all media now or hereafter known or devised in perpetuity, throughout the universe.

 

4. REPRESENTATIONS AND WARRANTIES:

Freehawk warrants and represents that all ideas, creations, material, and intellectual properties furnished by Freehawk herein are and will be Freehawk’s own and original creation. Freehawk warrants and represents that Freehawk  has the sole and exclusive right and authority to enter into and fully perform this agreement and to grant exclusively to Signet the Rights granted herein.

 

5. INDEMNITIES:

	
            Freehawk shall defend, indemnify and save harmless Signet, it’s successors,
 

licensees and assigns, and any officers, directors, employees/ agents and/or representatives of any of the foregoing, from and against any and all claims and expenses (including without limitation reasonable legal fees and expenses) incurred by any of them by reason of the breach or alleged breach of any warranty undertaking, representation and/or agreement made by or entered into herein by Freehawk hereunder. 

 

6. SIGNETS CONTROL:

Freehawk acknowledges the right of Signet to make any changes to the Property in the preparation and exploitation of any productions based on the property, and in this connection Freehawk acknowledges and agrees that Freehawk will not have any right of approval or consultation with respect to any such changes or with respect to any element of any production produced hereunder.

 

7. ASSIGNMENT:

All Rights and privileges granted to Signet hereunder and all representations and warranties made by Freehawk hereunder shall inure not only to Signet’s benefit, but also to the benefit of all persons who may hereafter lawfully acquire any right to produce, sell, license, transmit, exhibit, advertise and/or exploit in any way the Rights granted hereunder, it being expressly agreed that any production hereunder may be produced, released, sold and/or distributed under any company or trade name, brand producing mark, or trademark desired by Signet, its licensees, successors and assigns.

 

 

 

8. NO INJUNCTIVE RELIEF :

Freehawk’s sole and exclusive remedy for any breach of this Agreement shall be limited to an action for damages at law and under no circumstances shall Freehawk be entitled to equitable relief or to restrain or enjoin the distribution of any Programs hereunder or other exploitation of any of the Rights granted to Signet hereunder .

 

9. ARTICLES:

	
            Notices to Signet shall be sent to:                                                                                              
 	
            Notices to Freehawk shall be sent to:
 
	
            Ernest W. Letiziano, President
 	
            Robert Freeman, President
 
	
            Signet International Holdings, Inc.
 	
            Freehawk Productions, Inc.
 
	
            205 Worth Avenue, Suite #316,
 	
            11985 Southern Blvd. Suite # 104
 
	
            Palm Beach, FL 33480
 	
            Royal Palm Beach, FL 33411
 
	
            Telephone: 561 832-2000
 	
            Telephone: 561-719-9573
 

             All payments and notices hereunder shall be given to Freehawk and Signet by first class mail, registered or certified, return receipt requested, or by personal delivery, Fax, Federal Express or the like, at their respective addresses set forth, or to such other address as either party shall specify in writing.

 

10. RIGHTS OF ACTION:

Rights of action with respect to breach of promises, covenants, warranties and/or representations by either party to this agreement made or committed during its effective term shall survive the expiration of this agreement an shall inure to and for the benefit of any successors and assigns of either party to this agreement.

 

11. CHOICE OF LAW: 

This agreement is executed in and shall be construed in accordance to the laws of the State of Florida. The parties agree that venue for any action in relation to this agreement shall be in the state of Florida.

 

12. ENTIRE AGREEMENT:

This constitutes the sole and entire agreement and understanding between FREEHAWK AND SIGNET with respect to the subject matter discussed herein.

 

All terms contained in this letter Agreement which are not specifically defined herein are intended to be defined in accordance with the customary definitions of such terms in the United States Motion Programs and Television industries.

 

This letter Agreement shall constitute a complete and mutually binding Agreement that can not be modified except by a writing signed by all of the parties. Please indicate your acceptance of this letter Agreement by signing in the space provided for herein below.

 

 

 

AGREED TO AND ACCEPTED BY:

 

For FREEHAWK PRODUCTIONS, INC.

 

	
            _______________________________
 	
            ________________________
 
	
            Robert Freeman
 	
            Date
 	
             

	
            President
 	
             

				

______________________________

Witness

 

For SIGNET INTERNATIONAL HOLDINGS, INC.

 

	
            _______________________________
 	
            _______________________
 
	
            Ernest W. Letiziano
 	
            Date
 	
             

President

______________________________

Witness

 

 

 

EXHIBIT A

Freehawk Productions, Inc.

561-719-9573

11985 Southern Blvd. Suite 104 Royal Palm Beach Florida 33411

 

	
            1. Guilty or Not Guilty
 	
            All ages
 

Reality live audience with audience participation Cases taken from public record. Interviews done in jail with convicted person (s) . A panel Of Harvard law students on stage in front of audience watches interview and re-enactment. The voting is done at home and in the audience after law students present case. Guilty or Not Guilty YOU DECIDE!

 

	
            2. Career Show
 	
            Children / Education
 

Groups of children explore new careers each week. Special guest appearances from 

different career figures.

 

	
            3. History Book Possible animation
 	
            Children/ Schools /Distribution
 

Two Brothers discover a magical pop-up book in their grandfathers attic that magically transports them through time for many, many adventures. (Can run forever)

 

	
            4. Nashville Nights
 	
            Drama / Reality
 

Follow a young musician’s rise to the top. ( use people like Bon Jovi to tell their life story and you shoot the footage and use library footage. All of these titles or show names are subject to change.

 

	
            5. Little’s Construction
 	
            Children
 

A group of aspiring young do it yourselves’s work on projects inspired by children and guided by a hip young construction dude. ( We would have invented the new generation (Bob Vila)

 

	
            6. Back To Boot Camp
 	
            Adult Drama Comedy
 

Middle aged man returns to military service after tragic events leave him single and unemployed.

 

	
            7. On The Job
 	
            Adult Drama
 

Young aggressive Police Detective is forced to move into low income housing after living in middle America , he now learns about the other side of the law and is put in (situations)

 

	
            8. Young Sports Legends
 	
            Family Sports
 

Hall of Fame Sports Legends take you back to their home towns and show us their schools, fields, tracks, courts, where they played and learned......( Could also do this with a child who might be sick or terminal as part of the Make a Wish Foundation.)

 

	
            9. Fire Jumpers
 	
            Reality / Documentary
 

Follow the adventures and hardships of fire jumpers in the Rocky Mountains etc.....

 

	
            10. Rocky Mountain High
 	
            Teen / Adult / Drama
 

Also located in the Rocky Mountain area. A Drama based on the lives of teens in a high school in a Rocky Mountain Ski resort area......this could be a weekly series or could be transformed into a soap opera on a daily basis.

 

 

 

 

 

	
            11. The Fairy Tale Detective
 	
            Family/Comedy
 

Columbo-Mickey Spilane type figure works in fairy tale world to solve crimes involving famous fairy tales character, i.e. The Case of the Poisonous Apple of The Mystery of the Beanstalk Giant Killer. 

 

	
            12. Maine Street
 	
            Family/Comedy
 

Former city cop moves to quaint, small town in New England to take over as a Police Chief. Town citizens include some eccentric characters.

 

	
            13. Sports Legends Adventure Series
 	
            Adult/ Sports
 

Famous sports figures [pick their most beloved outdoor adventures and along with their host live our the reality (salmon fishing in the Pacific NW with baseball player)

 

	
            14. Pint-Sized Chef
 	
            Children
 

A young aspiring chef teams up with a ell noted chef to present a weekly cooking show. Focus on nutrition and healthy eating. 

 

	
            15. Wilford The Baby Mouse
 	
            Children
 

The misadventures of a curious mouse when his family moves from the country to the big city.

 

	
            16. Jack Fallon, New Orleans P.D.
 	
            Adult/Drama
 

Hard core, old school detective in New Orleans take on the role of mentor to a young, ambitious detective.

 

	
            17. Final Tour
 	
            Adult/Drama-Comedy
 

Ex-New York detective (guardian angel) is assigned the task of helping a distraught attorney fix his life.

 

	
            18. The Gambler
 	
            Adult/ Reality
 

Follow a Texas Hold’Em tournament champion as he travels on tour.

 

	
            19. Extreme Kids
 	
            Family/ Reality
 

An expose on children who have overcome extreme disabilities and/or achieved great feats.

 

	
            20. Extreme Boot Camp
 	
            Family/Reality
 

Boot camp for at. risk juveniles run by former Army and Marine drill instructors.Exhibit 10.1

    ASSIGNMENT
      AND ASSUMPTION AGREEMENT

     

    THIS
      ASSIGNMENT AND ASSUMPTION AGREEMENT (this "Agreement"), dated as of June 1,
      2006, is between Brinx Resources Ltd., a Nevada corporation, ("Assignor"),
      and
      Delta Oil and Gas Inc., a Nevada corporation ("Assignee").

    

    RECITALS

    

    
      	A.  	
              Assignor
                and the Assignee each are in the business of resource
                exploration;

            

    

    

    
      	B.  	
              Assignor
                holds a seventy percent (70%) “Working Interest” (defined below) in the
                Owl Creek Prospect in Garvin County Oklahoma, as set forth in: (i)
                the
                letter agreement between and Ranken Energy Corporation, an Oklahoma
                corporation (“Ranken”) and Assignor dated July 25, 2005 and attached
                hereto as Exhibit
                A
                (the “Letter Agreement”); and (ii) the joint operating agreement between
                Assignor and Ranken dated July 1, 2005 and attached hereto as Exhibit
                B
                (the “Joint Operating Agreement”);

            

    

    

    
      	C.  	
              Assignor
                desires to assign to Assignee 28.57% of its 70% Working Interest,
                which
                assignment shall result in Assignee receiving an effective 20% Working
                Interest (the “20% Working Interest”) in the Owl Creek Prospect, for the
                purchase price of $300,000 (calculated at $15,000 per percentage
                point),
                such assignment to occur in accordance with, and subject to, the
                terms and
                conditions set forth in this
                Agreement;

            

    

    

    
      	D.  	
              For
                purposes of this Agreement, the term “Working Interest” is defined as set
                forth in the Letter Agreement, including the right to participate
                at a 20%
                working interest in all future wells drilled on a total of 1,120
                acres
                surrounding the Powell #2, but the definition does not include “completion
                costs” (defined as all costs after casing point is reached and logs have
                been run) nor does it include the Johnson #1 well located in the
                W/2 SE/4
                Section 35-5N-2W and the Powell #1 well located in the E/2 SW/4 Section
                25-5N-2W. The term “Working Interest” also includes the right to
                participate in any Areas of Mutual Interest (AMI) that may be acquired
                by
                the Owl Creek Prospect participants; and

            

    

    

    
      	E.  	
              Assignee
                desires to accept the 20% Working Interest from Assignor, and to
                assume
                all of Assignor's obligations and liabilities with respect thereto
                in
                accordance with, and subject to, the terms and conditions set forth
                in
                this Agreement.

            

    

    

    AGREEMENT

     

    In
      consideration of the foregoing, the mutual covenants contained herein, and
      other
      good and valuable consideration, the receipt and sufficiency of which are hereby
      acknowledged, the parties hereto hereby agree as follows:

     

    1.  Assignor
      hereby grants, bargains, sells, conveys, transfers and assigns to Assignee,
      her
      heirs, devisees, assigns and personal representatives, all of Assignor's right,
      title and interest 

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

     

    in
      and to
      the 20% Working Interest, to have and to hold the same unto Assignee, her heirs,
      devisees, assigns and personal representatives forever.

    

    2.  Assignee
      hereby accepts the 20% Working Interest and agrees to assume, pay, discharge
      and
      perform all past, present and future obligations and liabilities of Assignor
      arising out of, or in any way connected with, the ownership of the 20% Working
      Interest and agrees to hold the Assignor harmless from any claim or demand,
      of
      any kind made hereunder

    

    3.  Assignee
      hereby agrees to pay to Assignor the lump sum of Three Hundred Thousand Dollars
      ($300,000) (calculated at $15,000 per percentage point) in immediately available
      United States funds for the 20% Working Interest on or before the thirtieth
      day
      following the date of this Agreement, failing which, this Agreement and the
      Assignment(s) contained herein shall be null and void.

    

    4.  The
      Assignor warrants and represents that as of the date of this Assignment
      Agreement, the Letter Agreement and the Joint Operating Agreement are each
      in
      full force and effect, without modification or amendment, that it has the full
      right and authority to transfer said its rights under the Letter Agreement
      and
      that the rights transferred herein are free of lien, encumbrance or adverse
      claim.

    

    5.  This
      Agreement shall be binding upon and inure to the benefit of the parties, their
      successors and assigns.

    

    6.  Each
      of
      the parties hereto will co-operate with the others and execute and deliver
      to
      the other parties hereto such other instruments and documents and take such
      other actions as may be reasonably requested from time to time by any other
      party hereto as necessary to carry out, evidence, and confirm the intended
      purpose of this Agreement.

    

    7.  This
      Agreement may not be amended except by an instrument in writing signed by each
      of the parties.

    

    8.  This
      Agreement and the Exhibits hereto contain the entire agreement between the
      parties with respect to the subject matter hereof and supercede all prior
      arrangements and understandings, both written and oral, express or implied,
      with
      respect thereto. Any preceding correspondence or offers are expressly superceded
      and terminated by this Agreement.

    

    9.  All
      notices and other communications required or permitted under this Agreement
      must
      be in writing and will be deemed given if sent by personal delivery, faxed
      with
      electronic confirmation of delivery, internationally recognized courier or
      registered or certified mail (return receipt requested), postage prepaid, to
      the
      parties at the following addresses (or at such other address for a party as
      will
      be specified by like notice):

     

    
      	
              If to the Assignor:

               

            	
              If to the Assignee:

               

            	
              If to Ranken:

               

            
	
              820 Piedra Vista Rd NE.

              Albuquerque, NM

            	
              1122 6th
                Ave North

              Seattle
                WA

            	
              417 W 18th,
                Suite 101

              Edmond,
                OK

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
              USA,
                87123-1954

            	
              USA,
                98109

            	
              USA
                73013-3663

            
	505.291.0158 ph	866.355.3644 ph	405.340.2363 ph
	505.219.0158 fax	 	405.340.2365
              fax

    

                   

    10.  This
      Agreement will be governed by and construed in accordance with the laws of
      the
      Province of British Columbia, Canada as applicable to contracts made and
      performed therein.

    

    11.  This
      Agreement may be executed in one or more counterparts, all of which will be
      considered one and the same Assignment and will become effective when one or
      mare counterparts have been signed by each of the parties and delivered to
      the
      other parties, it being understood that all parties need not sign the same
      counterpart.

    

    12.  This
      Agreement may be executed by delivery of executed signature pages by fax and
      such fax execution will be effective for all purposes.

    

    

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

     

    
      	
              ASSIGNOR:

               

            	
              ASSIGNEE:

               

            
	Brinx Resources
              Ltd.	Delta Oil & Gas
              Inc.
	
              By:  /s/ Leroy Halterman

              Authorized
                Signatory

            	
               

              
                By:  /s/ Doug Bolen

                Authorized
                  Signatory

              

               

            
	Name: Leroy
              Halterman	Name: Doug
              Bolen 
	Title: President	Title: President

    

            

    
      
        
        

      

      
        3

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