Document:

OPTION AGREEMENT

OPTION AGREEMENT

THIS AGREEMENT is made effective as of September 21, 2005 (the “Effective Date”).

BETWEEN:

UNITED ENERGY METALS S.A., a corporation incorporated pursuant to the laws of Argentina and having an office address located at 1052 San Martín Avenue, 3rd floor, Office 17, Ciudad Mendoza, Province of Mendoza, Argentina;

(the “Optionor”)

AND:

INTERNATIONAL MINERAL RESOURCES LTD., a corporation being organized pursuant to the laws of the Turks and Caicos Islands and having an office address located at No. 1 Caribbean Place, P.O. Box 97, Leeward Highway, Providenciales, Turks and Caicos Islands;

(the “Optionee”)

WHEREAS:

(A)

The Optionor is in the business of acquiring, exploring and developing mineral properties in Argentina (the “Business”)

(B)

The Optionor is the legal and beneficial owner of certain permits and applications for uranium exploration and exploitation in the Province of Chubut, Argentina, which permits and cateos are more particularly described in Schedule A attached hereto;

(C)

The Optionor acknowledges that it is indebted to the Optionee in the amount of US$70,300 (the “Debt”);

(D)

The Optionor desires to grant the Optionee with an option (the “Option”) whereby the Optionee can pay US$70,300 to the Optionor or convert the Debt in order to acquire 499 shares of the Optionor (also called “Minera Argentina” or “UEM”) in accordance with the terms and conditions of this Agreement so that upon exercise of the Option, the Optionee will own 99.8% of the issued and outstanding shares of the Optionor, and, if the Optionee decides to convert the Debt, then the Debt will be extinguished.

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the $10.00 now paid by the Optionee to the Optionor and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties hereto agree as follows:

1.

Definitions

1.1

In this Agreement, the following expressions shall, where the context so admits, bear the meaning respectively set opposite them:

(a)

“Agreement” means this Agreement, as the same may be amended, supplemented or modified from time to time.

(b)

“Material Contracts” means those contracts described in Schedule E.

(c)

“Parties” means the parties to this Agreement, which are the Optionor and the Optionee.

(d)

“Property” Those permits and cateos for uranium exploration and exploitation in the province of Chubut, Argentina, which permits and cateos are more particularly described in Schedule A together with all mining leases and all other mining interests derived from any such claims.

2.

Schedules

The following schedules are attached to and incorporated in this Agreement by reference and deemed to be part of this Agreement:

Schedule A

Description of Mineral Titles

Schedule B

Bank Accounts and Authorized Signatories

Schedule C

Constating Documents

Schedule D

Financial Statements of the Optionor

Schedule E

Material Contracts

Schedule F

Permits

Schedule G

Exercise Notice

3.

Option to Acquire Shares in Optionor

3.1

The Optionor, subject to the terms hereof and based on the representations and warranties contained herein, hereby grants to the Optionee the option (the “Option”) to acquire 499 shares of common stock of the Optionor (the “Option Shares”), which Option Shares shall upon issuance be fully paid and non-assessable and free from any and all liens and encumbrances, in exchange for either the Optionee paying to the Optionor US$70,300, or extinguishing the Debt owing from the Optionor to the Optionee.

3.2

The Parties acknowledge that if the Optionee decides to convert the Debt, then the exercise of the Option by the Optionee will extinguish the Debt owing from the Optionor to the Optionee.

3.3

The Parties acknowledge that the 499 Option Shares when issued to the Optionee upon exercise of the Option will represent 99.8% of the issued and outstanding shares of common stock of the Optionor.  

3.4

The Optionee may exercise the Option to acquire the Option Shares at any time up to the later of: (i) the time during which the Debt remains outstanding, or (ii) September __, 2010, or (iii) until such time as agreed to by the Parties in writing (the “Option Period”).  To exercise the Option to purchase, the Optionee shall tender to the Optionor a notice of exercise of the Option (the “Exercise Notice”) at the address of the Optionor listed above.

3.5

Upon receipt of the Exercise Notice by the Optionor, the Optionor shall deliver to the Optionee a share certificate or share certificates representing the Option Shares acquired, within ten business days of receiving the Exercise Notice, which is attached hereto as Schedule G.

3.6

The Optionee hereby acknowledges and agrees that the Option Shares shall be subject to any applicable resale or other restriction affecting the transfer of the Option Shares under the applicable securities laws of Argentina.

4.

Representations, Warranties and Covenants by the Optionor

4.1

General Representations, Warranties and Covenants by the Optionor.   In order to induce the Optionee to enter into and consummate this Agreement, the Optionor represents to, warrants to and covenants with the Optionee, with the intent that the Optionee will rely thereon in entering into this Agreement and in concluding the transactions contemplated herein, that, to the best of the knowledge, information and belief of the Optionor, after having made due inquiry:

(a)

it is duly organized under the laws of its respective jurisdiction of incorporation and is validly existing and in good standing with respect to all statutory filings required by the applicable corporate laws;

(b)

it is qualified to do business in those jurisdictions where it is necessary to fulfill its obligations under this Agreement and it has the full power and authority to enter into this Agreement and any agreement or instrument referred to or contemplated by this Agreement;

(c)

it has the requisite power, authority and capacity to own and use all of its respective business assets and to carry on its respective business as presently conducted by it and to fulfill its respective obligations under this Agreement;

(d)

the execution and delivery of this Agreement and the agreements contemplated hereby have been duly authorized by all necessary action, corporate or otherwise, on its respective part;

(e)

there are no other consents, approvals or conditions precedent to the performance of this Agreement which have not been obtained;

(f)

this Agreement constitutes a legal, valid and binding obligation of it enforceable against it in accordance with its terms, except as enforcement may be limited by laws of general application affecting the rights of creditors;

(g)

no proceedings are pending for, and it is unaware of, any basis for the institution of any proceedings leading to its respective dissolution or winding up, or the placing of it in bankruptcy or subject to any other laws governing the affairs of insolvent companies or persons;

(h)

the making of this Agreement and the completion of the transactions contemplated hereby and the performance of and compliance with the terms hereof does not and will not:

(i)

conflict with or result in a breach of or violate any of the terms, conditions or provisions of its respective constating documents;

(ii)

conflict with or result in a breach of or violate any of the terms, conditions or provisions of any law, judgment, order, injunction, decree, regulation or ruling of any Court or governmental authority, domestic or foreign, to which it is subject, or constitute or result in a default under any agreement, contract or commitment to which it is a party;

(iii)

give to any party the right of termination, cancellation or acceleration in or with respect to any agreement, contract or commitment to which it is a party;

(iv)

give to any government or governmental authority, or any municipality or any subdivision thereof, including any governmental department, commission, bureau, board or administration agency, any right of termination, cancellation or suspension of, or constitute a breach of or result in a default under, any permit, license, control or authority issued to it which is necessary or desirable in connection with the conduct and operations of its respective business and the ownership or leasing of its respective business assets; or

(v)

constitute a default by it, or any event which, with the giving of notice or lapse of time or both, might constitute an event of default, under any agreement, contract, indenture or other instrument relating to any indebtedness of it which would give any party to that agreement, contract, indenture or other instrument the right to accelerate the maturity for the payment of any amount payable under that agreement, contract, indenture or other instrument; and

(i)

neither this Agreement nor any other document, certificate or statement furnished to the Optionee by or on behalf of the Optionor in connection with the transactions contemplated hereby knowingly or negligently contains any untrue or incomplete statement of material fact or omits to state a material fact necessary in order to make the statements therein not misleading which would likely affect the decision of the Optionee to enter into this Agreement.

4.2

Representations, Warranties and Covenants by the Optionor respecting the Option Shares.   In order to induce the Optionee to enter into and consummate this Agreement, the Optionor hereby represents to, warrants to and covenants with the Optionee, with the intent that the Optionee will also rely thereon in entering into this Agreement and in concluding the transactions contemplated herein, that, to the best of the knowledge, information and belief of the Optionor, after having made due inquiry:

(a)

the Option Shares when issued from the Optionor’s treasury upon exercise of the Option by the Optionee will be fully paid and non-assessable and will be free and clear of liens, charges, encumbrances, pledges, mortgages, hypothecations, security interests and adverse claims of any and all nature whatsoever and including, without limitation, options, pre-emptive rights and other rights of acquisition in favour of any person, whether conditional or absolute;

(b)

the Optionor has the power and capacity to issue the Option Shares, and the Option Shares will not be subject to any voting or similar arrangement;

(c)

there are no actions, suits, proceedings or investigations (whether or not purportedly against or on behalf of the Optionor), pending or threatened, which may affect, without limitation, the rights of the Optionor to issue the Option Shares to the Optionee at law or in equity, or before or by any federal, state, provincial, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, and, without limiting the generality of the foregoing, there are no claims or potential claims under any relevant family relations legislation or other equivalent legislation affecting the issuance of the Option Shares.  In addition, the Optionor is not now aware of any existing ground on which any such action, suit or proceeding might be commenced with any reasonable likelihood of success;

(d)

no other person, firm or corporation has any agreement, option or right capable of becoming an agreement for the purchase of any of the Option Shares;

(e)

the Optionor is resident in the jurisdiction as set forth under the Optionor’s address listed above, and that all negotiations and other acts in furtherance of the execution and delivery of this Agreement by the Optionor in connection with the transactions contemplated herein have taken place and will take place solely in such jurisdiction;

(f)

the Option Shares if and when issued will be issued in accordance with all applicable securities and corporate legislation and policies; and 

(g)

the Optionor is not aware of any fact or circumstance which has not been disclosed to the Optionee which should be disclosed in order to prevent the representations and warranties contained in this section from being misleading or which would likely affect the decision of the Optionee to enter into this Agreement.

4.3

Representations, Warranties and Covenants by the Optionor respecting the Optionor.   In order to induce the Optionee to enter into and consummate this Agreement, the Optionor hereby represents to, warrants to and covenants with the Optionee, with the intent that the Optionee will also rely thereon in entering into this Agreement and in concluding the transactions contemplated herein, that, to the best of the knowledge, information and belief of the Optionor, after having made due inquiry:

Corporate Status of the Optionor

(a)

the Optionor is a company with limited liability duly and properly organized and validly subsisting under the laws of Argentina being the only jurisdiction where it is required to be registered for the purpose of enabling it to carry on its business and own its property as presently carried on and owned;

(b)

the Optionor has good and sufficient power, authority and right to own or lease its property, to enter into this Agreement and to perform its obligations hereunder;

Authorization

(c)

this Agreement has been duly authorized, executed and delivered by the Optionee and is a legal, valid and binding obligation of the Optionor, enforceable against the Optionor, as the case may be, by the Optionee in accordance with its terms, except as enforcement may be limited by bankruptcy, insolvency and other laws affecting the rights of creditors generally and except that equitable remedies may be granted only in the discretion of a court of competent jurisdiction;

No Other Agreements to Purchase

(d)

no person other than the Optionee has any written or oral agreement or option or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement, or option for the purchase or acquisition from the Optionor of any of the Option Shares;

Share Capital

(e)

the authorized capital of the Optionor consists of 500 common shares with a par value of 100 Argentinean pesos, of which one (1) common share is outstanding and fully paid and non-assessable, and no preferred shares; 

Options

(f)

no person has any agreement or option or any right or privilege (whether by law, pre-emptive or contractual) capable of becoming an agreement, including convertible securities, warrants or convertible obligations of any nature, for the purchase, subscription, allotment or issuance of any unissued shares or other securities of the Optionor;

Title to Shares 

(g)

upon exercise of the Option and completion of the transactions contemplated by this Agreement, all of the Option Shares will be owned by the Optionee as the beneficial owner of record, with good and marketable title thereto (except for such encumbrances as may have been granted by the Optionee);

No Subsidiaries

(h)

the Optionor does not own and does not have any agreements of any nature to acquire, directly or indirectly, any shares in the capital of or other securities, equity or proprietary interests in any person, and the Optionor does not have any agreements to acquire or lease any other business, property, assets or operations;

Business of the Optionor

(i)

the Optionor’s Business, is and will be the only business presently carried on by the Optionor as set forth in the Recitals to this Agreement, and the property and assets of the Optionor are sufficient to carry on the Optionor’s Business;

Location of Property and Assets

(j)

all of the property and assets of the Optionor are situated at one of the locations set out in Schedule A;

Title to Personal Property and Other Property

(k)

the property and assets of the Optionor are and will be owned beneficially by the Optionor with a good and marketable title thereto, free and clear of all encumbrances save as previously disclosed to the Optionee;

Financial Statements

(l)

the Optionor’s financial statements dated September 1, 2005, have been prepared in accordance with generally accepted accounting principles, as applied on a basis consistent with prior periods, are correct and complete and present fairly the assets, liabilities (whether accrued, absolute, contingent or otherwise) and financial condition of the Optionor as at the respective dates of and for the respective periods covered by the Optionor’s financial statements;

(m)

the Optionor does not have any debts or liabilities whatsoever (whether accrued, absolute, contingent or otherwise), including any liabilities for federal, provincial, sales, excise, income, corporate or any other taxes of the Optionor except for:

(i)

the debts and liabilities disclosed on, provided for or included in the balance sheet forming a part of the most recent of the Optionor’s financial statements;

(ii)

debts or liabilities disclosed in this Agreement or any Schedule hereto; and

(iii)

liabilities incurred by the Optionor in the ordinary course of the Optionor’s Business subsequent to the date of the balance sheet referred to in the Optionor’s financial statements;

Books and Records

(n)

the books and records of the Optionor fairly and correctly set out and disclose, in all material respects, in accordance with generally accepted accounting principles, consistently applied, the financial condition of the Optionor as of the date of this Agreement and all material financial transactions of the Optionor have been accurately recorded in such books and records;

Tax Matters

(p)

the Optionor has duly and timely filed all returns, elections and designations required to be filed by it with any taxation authority or if not filed on a timely basis, all fees, penalties, interest and other amounts payable as a result thereof have been paid and no such returns, elections or designations contain any misstatement or omit any statements that should have been included and each return, election and designation, including accompanying schedules and statements is true, correct and complete;

(q)

the Optionor has paid in full all amounts (including but not limited to sales, use and consumption taxes and taxes measured on income and all instalments of taxes) owing to all federal, provincial, territorial and municipal taxation authorities due and payable by it up to the date hereof;

(r)

adequate provision has been made by the Optionor for taxes payable for the current period for which tax returns are not yet required to be filed;

(s)

there are no agreements, waivers or other arrangements providing for any extension of time with respect to the filing of any tax return by the Optionor; or with respect to the payment of any tax or any governmental charge, penalty, interest or fine by the Optionor; or with respect to the issuance of any tax assessment or reassessment;

(t)

there are no actions, suits, proceedings, investigations or claims now threatened by any governmental authority or pending against the Optionor as initiated by any governmental authority in respect of any amounts, including but not limited to taxes, governmental charges or assessments;

(u)

there are no matters under discussion with any governmental authority relating to any amounts, including but not limited to taxes, governmental charges or assessments asserted or to be asserted by such authority; 

(v)

the Optionor is not aware of any circumstances that might result in any threatened, proposed or actual assessment or reassessment against the Optionor;

(w)

the Optionor has withheld and remitted all amounts required to be withheld by it (including without limitation, income tax, Pension Plan contributions and Employment Insurance premiums) and has paid such amounts including any penalties or interest due to the appropriate authority on a timely basis and in the form required under the appropriate legislation and will continue to do so;

(x)

since the date of its incorporation, the Optionor has fully complied, in a timely manner, with any and all applicable tax laws, including the collection and remission of all taxes payable by or for which the Optionor is responsible to collect and remit, in respect of the supply of goods and services by the Optionor and the Optionor will continue to so comply;

(y)

the tax accounts of the Optionor, for the purposes of the applicable tax laws are true and complete in all material respects; 

Corporate Records

(z)

the Corporate records and minute books of the Optionor contain complete and accurate minutes, (duly signed by the chairman and/or secretary of the appropriate meeting) of all meetings of the directors and shareholders of the Optionor since its date of incorporation;

(aa)

the share certificate records, the securities register, the register of disclosures , the register of directors and officers for the Optionor are contained in the corporate minute book and are complete and accurate in all respects;

Directors and Officers

(ab)

the present directors and officers of the Optionor are as follows:

Name

Position

Julio César Pulisich

President

Antonio Torre

Deputy Director

Legal Proceedings

(ac)

there are no actions, suits, proceedings or outstanding claims or demands instituted before any federal, provincial, municipal or other governmental department, court, commission, board, bureau, agency or instrumentality, domestic or foreign, or by or before an arbitrator or arbitration board or pending or threatened against or affecting the Optionor or its property, the Optionor’s assets or the Optionor’s Business, nor is there any basis for any such action, suit, proceeding or claim;

(ad)

there are no orders, decrees, injunctions or judgments of any court or of any federal, provincial, territorial or municipal department, agency, commission, board, bureau or instrumentality, domestic or foreign, instituted, pending, threatened or obtained against or affecting the Optionor or its property, the Optionor’s assets or the Optionor’s Business; nor is there any basis for any such order, decree, injunction or judgment;

(ae)

there is no legal impediment to the continued operation, in the ordinary course, of the property, the Optionor’s assets and the Optionor’s Business;

(af)

the Optionor has not violated nor is it violating any federal, provincial, territorial or municipal statute, regulation, ordinance, rule or order applicable to the Optionor’s Business, the Optionor’s assets or to any of its properties or to its ownership thereof;

(ag)

the Optionor has complied with all applicable federal, provincial, territorial and municipal statutes, regulations, ordinances, rules and orders;

Bank Accounts and Attorneys

(ah)

Schedule B sets forth a true and complete list showing:

(i)

the name of each bank, trust company or similar institution in which the Optionor has accounts or safe deposit boxes, the number or designation of each such account and safe deposit box and the names of all persons authorized to draw thereon or to have access thereto; and

(ii)

the name of each person, firm, corporation or business organization holding a general or special power of attorney from the Optionor and a summary of the terms thereof.

Accuracy of Warranties

(ai)

neither this Agreement nor any document, schedule, list, certificate, declaration under oath or written statement now or hereafter furnished by Optionor to the Optionee in connection with the transactions contemplated by this Agreement contains or will contain any untrue statement or misrepresentation of a material fact on the part of the Optionor, or omits or will omit on behalf of the Optionor to state a material fact necessary to make any such statement or representation therein or herein contained not misleading; and

Full Disclosure

(aj)

the Optionor has no information or knowledge of any fact not communicated to the Purchaser and relating to the Optionor or to the Optionor’s Business or to the Option Shares which, if known to the Optionee, might reasonably be expected to deter the Optionee from entering into this Agreement or from completing the transactions contemplated by this Agreement.

4.4

Additional Covenants by Optionor.   In order to induce the Optionee to enter into and consummate this Agreement, the Optionor hereby also covenants with the Optionee, with the intent that the Optionee will also rely thereon in entering into this Agreement and in concluding the transactions contemplated herein, as follows:

(a)

the Optionor will allow the Optionee to have access to all books, records, book accounts, lists of suppliers and customers of the Optionor and all other documents, files, records and other data, financial or otherwise, relating to the Optionor’s Business and the assets of the Optionor.

(b)

the Optionor will permit the Optionee, and its auditors, solicitors and other authorized persons, to make such investigation of the assets of the Optionor and of its financial and legal condition as the Purchaser deems necessary or advisable to familiarize itself with such assets and other matters and to have full access to the business premises and to all records, documents and other information related to the business and the Optionor, including all working papers (internal and external) and details of accounts and inventories prepared, obtained or used in connection with the preparation of the Optionor’s financial statements.

(c)

the Optionor will cause the Company to:

(i)

carry on the Business in the ordinary course, in a prudent, businesslike and efficient manner and substantially in accordance with the procedures and practices currently in effect; and

(ii)

endeavour all reasonable efforts to preserve and maintain the goodwill of the Business.

(d)

the Optionor will not permit the Optionor, without the prior consent in writing of the Optionee to:

(i)

purchase or sell, consume or otherwise dispose of any of its assets except in the ordinary course of business;

(ii)

enter into any contract or assume or incur any liability except in the ordinary course of business and which is not material; and

(iii)

waive or surrender any material right.

4.5

Survival of the Representations, Warranties and Covenants by the Optionor.   Each and every representation and warranty of the Optionor contained in this Agreement and any agreement, instrument, certificate or other document executed or delivered pursuant to this Agreement shall:

(a)

be true and correct on and as of the date of exercise of the Option with the same force and effect as though made or given on the date of exercise of the Option; 

(b)

remain in full force and effect notwithstanding any investigations conducted by or on behalf of the Optionee;

(c)

survive the completion of the transactions contemplated by this Agreement until the second anniversary of the date of exercise of the Option and shall continue in full force and effect for the benefit of the Optionee during that period, except that:

(i)

the representations and warranties set out in section 4.2(a) to and including 4.2(g) above shall survive and continue in full force and effect without limitation of time; and

(ii)

a claim for any breach of any of the representations and warranties contained in this Agreement or in any agreement, instrument, certificate or other document executed or delivered pursuant hereto involving fraud or fraudulent misrepresentation may be made at any time following the date of exercise of the Option, subject only to applicable limitation periods imposed by law.

5.

Representations, Warranties and Covenants by the Optionee

5.1

Warranties, Representations and Covenants by the Optionee.   In order to induce the Optionor to enter into and consummate this Agreement, the Optionee hereby warrants to, represents to and covenants with the Optionor, with the intent that the Optionor will rely thereon in entering into this Agreement and in concluding the transactions contemplated herein, that, to the best of the knowledge, information and belief of the Optionee, after having made due inquiry:

(a)

the Optionee is a company with limited liability duly and properly organized and validly subsisting under the laws of the British Virgin Islands being the only jurisdiction where it is required to be registered for the purpose of enabling it to carry on its business and own its property as presently carried on and owned;

(b)

the Optionee has good and sufficient power, authority and right to own or lease its property, to enter into this Agreement and to perform its obligations hereunder;

(c)

upon the exercise of the Option by the Optionee, if the Optionee decided to convert the Debt owed by the Optionor to the Optionee as payment for the Option, then such Debt shall be extinguished and all rights and obligations owing to the Optionee under the Debt and related to the Debt shall cease to exist;

(d)

the Optionee is not aware of any fact or circumstance which has not been disclosed to the Optionor which should be disclosed in order to prevent the representations and warranties contained in this section from being misleading or which would likely affect the decision of the Optionor to enter into this Agreement or to exercise its Option; and

(e)

the Optionee shall execute and deliver such further instruments and documents and perform such further acts as may be necessary to implement and carry out the intent of this Agreement.

5.2

Survival of the Representations, Warranties and Covenants by the Optionee.   Each representation and warranty of the Optionee contained in this Agreement or in any document, instrument, certificate or undertaking given pursuant hereto shall:

(a)

be true and correct on and as of the date of exercise of the Option with the same force and effect as though made or given on the date of exercise of the Option;

(b)

remain in full force and effect notwithstanding any investigations conducted by or on behalf of the Optionee; and

(c)

survive the completion of the transactions contemplated by this Agreement until the second anniversary of the date of exercise of the Option and shall continue in full force and effect for the benefit of the Optionor during that period, except that a claim for any breach of any of the representations and warranties contained in this Agreement or in any agreement, instrument, certificate or other document executed or delivered pursuant hereto involving fraud or fraudulent misrepresentation may be made at any time following the date of exercise of the Option, subject only to applicable limitation periods imposed by law.

6.

Right of Entry

6.1

Throughout the Option Period the directors and officers of the Optionee and its servants, agents and independent contractors, shall have the right in respect of the Property to enter thereon during business hours, with the prior and written authorization of the Optionor in order to make further analysis and studies.

7.

Obligations of the Optionor during the Option Period

7.1

During the Option Period, the Optionor shall:

(a)

maintain the Property in good standing by the doing and filing of assessment work or the making of payments in lieu thereof, by the payment of taxes and rentals, and the performance of all other actions which may be necessary in that regard and in order to keep the Property free and clear of all liens and other charges arising from the Optionor’s activities thereon; and

(b)

permit the Optionee, its employees, agents and designated consultants, at their own risk and upon prior and written authorization by the Optionor, access to the Property at all reasonable times, provided that the Optionor agrees to indemnify the Optionor from and against and to hold it harmless from all costs, claims, liabilities and expenses that the Optionee may incur or suffer as a result of any injury (including injury causing death) to any employee, agent or designated consultant of the Optionee while on the Property.

8.

Assignment

8.1

The Optionee may sell, assign, pledge or mortgage or otherwise encumber all or any part of its respective interest herein without the prior written consent of the Optionor.

9.

Surrender and Acquisition of Property Interests Prior to Termination of the Option Period

9.1

The Optionor may not, during the Option Period, abandon any one or more of the mineral claims comprised in the Property.

10

Notice

10.1

Each notice, demand or other communication required or permitted to be given under this Agreement shall be in writing and shall be sent by prepaid registered mail deposited in a post office in Canada or the United States addressed to the party entitled to receive the same, or delivered to such party, at the address for such party specified above. The date of receipt of such notice, demand or other communication shall be the date of delivery thereof if delivered, or, if given by registered mail as aforesaid, shall be deemed conclusively to be the fifth day after the same shall have been so mailed, except in the case of interruption of postal services for any reason whatsoever, in which case the date of receipt shall be the date on which the notice, demand or other communication is actually received by the addressee.

10.2

Either party may at any time and from time to time notify the other party in writing of a change of address and the new address to which notice shall be given to it thereafter until further change.

11.

General

11.1

Time is expressly declared to be of the essence of this Agreement and each of its terms.

11.2

The Parties shall promptly execute or cause to be executed all documents, deeds, conveyances and other instruments of further assurance which may be reasonably necessary or advisable to carry out fully the intent of this Agreement or to record wherever appropriate the respective interests from time to time of the Parties in the Property.

11.3

No consent or waiver expressed or implied by either Party in respect of any breach or default by the other in the performance by such other of its obligations hereunder shall be deemed or construed to be a consent to or a waiver of any other breach or default.

11.4

The Agreement supersedes and replaces any other agreement or arrangement, whether oral or written, heretofore existing between the Parties in respect of the subject matter of this Agreement.

11.5

This Agreement shall be construed and enforces in accordance with the laws and courts prevailing in the State of Nevada and the Parties consent to the jurisdiction of the State of Nevada in any action, suit or proceeding relating to this Agreement.  

11.6

This Agreement shall enure to the benefit of and be binding upon the Parties hereto and their respective heirs, executors, administrators, successors and permitted assigns.

11.7

This Agreement may be signed by the Parties hereto in as many counterparts as may be necessary, and via facsimile if necessary, each of which so signed being deemed to be an original and such counterparts together constituting one and the same instrument and, notwithstanding the date of execution, being deemed to bear the effective execution date as set forth on the front page of this Agreement.

IN WITNESS WHEREOF each of the Parties hereto has hereunto executed this Agreement as of the execution date as set forth on the front page of this Agreement

UNITED ENERGY METALS S.A.

Per:

/s/ Julio Pulisich

Authorized Signatory

Julio Pulisich, President

             (print name and title)

INTERNATIONAL MINERAL RESOURCES LTD.

Per:

/s/ T. Barry Dempsey

Authorized Signatory

T. Barry Dempsey for: Cockburn Directors, Ltd.

Authorized representative for

International Mineral Resources Ltd.

(print name and title)

SCHEDULE A

THIS IS SCHEDULE A to the Option Agreement made as of September 21, 2005

Description of Mineral Titles

	Table 1: 

	 
	 	Chubut Uranium Project 

	 	List of Cateos 

	Cerro Solo Group 

	Eastern Cateos 

	UE No 

	Cateo No 

	Recording 

	Area 

	UE No 

	Cateo No 

	Recording 

	Area 

	 	 	Date 

	(ha) 

	 	 	Date 

	(ha) 

	1 

	14.548 

	April 12, 2005 

	7,889 

	29 

	14.601 

	May 5, 2005 

	9,981 

	2 

	14.549 

	April 12, 2005 

	9,982 

	30 

	14.602 

	May 5, 2005 

	9,979 

	3 

	14.550 

	April 12, 2005 

	7,893 

	33 

	14.603 

	May 5, 2005 

	9,979 

	4 

	14.551 

	April 12, 2005 

	9,614 

	37 

	14.604 

	May 5, 2005 

	9,976 

	27 

	14.552 

	April 12, 2005 

	7,086 

	34 

	14.605 

	May 5, 2005 

	9,979 

	28 

	14.553 

	April 12, 2005 

	9,961 

	 	 	 	 
	5 

	14.594 

	May 5, 2005 

	9,123 

	 	 	 	 
	7 

	14.595 

	May 5, 2005 

	10,106 

	 	 	 	 
	10 

	14.596 

	May 5, 2005 

	9,982 

	 	 	 	 
	13 

	14.597 

	May 5, 2005 

	9,931 

	 	 	 	 
	14 

	14.598 

	May 5, 2005 

	8,732 

	 	 	 	 
	16 

	14.599 

	May 5, 2005 

	9,982 

	 	 	 	 
	18 

	14.600 

	May 5, 2005 

	9,981 

	 	 	 	 
	Total Area 

	120,263 

	 	49,893 

SCHEDULE B – Current Bank Accounts for United Energy Metals S.A

THIS IS SCHEDULE B to the Option Agreement made as of September 21, 2005

Banco Itau Buen Ayre - Account No 406293 – 100/3. The signing authorities are: Julio César Pulisich and Antonio Torre - United Energy Metals S.A

SCHEDULE C

THIS IS SCHEDULE C to the Option Agreement made as of September 21, 2005

Constating Documents

Please refer to the materials attached hereto

SCHEDULE D

THIS IS SCHEDULE D to the Option Agreement made as of September 21, 2005

Financial Statements of the Company

Please refer to the materials attached hereto

SCHEDULE E

THIS IS SCHEDULE E to the Option Agreement made as of September 21, 2005

Material Contracts

SCHEDULE F

THIS IS SCHEDULE F to the Option Agreement made as of September 21, 2005

Permits

SCHEDULE G

THIS IS SCHEDULE G to the Option Agreement made as of September 21, 2005

TO UNITED ENERGY METALS S.A.

NOTICE AND AGREEMENT OF EXERCISE OF OPTION

The Optionee hereby exercises its Option to acquire 499 shares (each an “Option Share”) in the capital of United Energy Metals S.A. (up to 99.8% ownership interest), dated September __, 2005.

The Optionee has decided to make payment for the Option Shares in the following manner:

Please check one:

(i)

Payment of US$70,300 to the Optionor

______

(ii)

Conversion of the Debt into 499 Option Shares

______

The Optionee, and the Optionee’s designate if applicable, understands that no Option Shares will be issued unless and until, in the opinion of United Energy Metals S.A. (the “Company”), any applicable registration requirements of the Securities Act of 1933, as amended (the “Securities Act”) and any other requirements of law or any regulatory bodies having jurisdiction over such issuance and delivery, shall have been fully complied with.  The Optionee, and the Optionee’s designate if applicable, hereby acknowledges, represents, warrants and agrees that Option Shares are being acquired for investment purposes and not with a view to distribution, and the warranties and representations and other provisions of the Option Agreement continue to pertain to the Optionee and the Optionee continues to comply with the same.

The Optionee, and the Optionee’s designate if applicable, will assist the Company in the filing of and will timely file all reports that the Optionee, or the Optionee’s designate if applicable, may be required to file under the federal securities laws. The Optionee, and the Optionee’s designate if applicable, agrees that the Company may, without liability for its good faith actions, place legend restrictions upon the Option Shares in compliance with applicable securities laws.

The 499 Option Shares specified above are to be issued in the following registration manner as directed by the Optionee and, if applicable, to the Optionee’s designate as set forth hereinbelow:

Registration respecting the Optionee (must be completed by the Optionee):

        (Print Optionee’s name)

(Optionee’s signature)

(Address for Optionee)

Registration respecting the Optionee’s designate (complete if applicable only):

  (Print Optionee’s designate’s name)

  (Optionee’s designate’s signature)

(Address for Optionee’s designate)Exhibit
10.1

AGREEMENT

CONCERNING
THE EXCHANGE OF SECURITIES

BY
AND AMONG

PETRAMERICA
OIL, INC.

AND

TRITON
DISTRIBUTION SYSTEMS, INC. AND

THE SECURITY HOLDERS OF TRITON DISTRIBUTION SYSTEMS, INC.

 

INDEX

	
  

  	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  
	
  ARTICLE I – Exchange of Securities

  	
   

  	
  1

  
	
   

  	
   

  	
   

  
	
  1.1

  	
   

  	
  Issuance of Securities

  	
   

  	
  1

  
	
  1.2

  	
   

  	
  Exemption from Registration

  	
   

  	
  1

  
	
  1.3

  	
   

  	
  Corporate Action

  	
   

  	
  2

  
	
  1.4

  	
   

  	
  Petramerica Common Stock Outstanding

  	
   

  	
  2

  
	
  1.5

  	
   

  	
  Derivative Securities

  	
   

  	
  2

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II – Representations and Warranties of
  Triton

  	
   

  	
  2

  
	
   

  	
   

  	
   

  
	
  2.1

  	
   

  	
  Organization

  	
   

  	
  2

  
	
  2.2

  	
   

  	
  Capital

  	
   

  	
  2

  
	
  2.3

  	
   

  	
  Subsidiaries

  	
   

  	
  3

  
	
  2.4

  	
   

  	
  Directors and Officers

  	
   

  	
  3

  
	
  2.5

  	
   

  	
  Financial Statements

  	
   

  	
  3

  
	
  2.6

  	
   

  	
  Absence of Changes

  	
   

  	
  3

  
	
  2.7

  	
   

  	
  Absence of Undisclosed Liabilities

  	
   

  	
  3

  
	
  2.8

  	
   

  	
  Tax Returns

  	
   

  	
  4

  
	
  2.9

  	
   

  	
  Investigation of Financial Condition

  	
   

  	
  4

  
	
  2.10

  	
   

  	
  Intellectual Property Rights

  	
   

  	
  4

  
	
  2.11

  	
   

  	
  Compliance with Laws

  	
   

  	
  4

  
	
  2.12

  	
   

  	
  Litigation

  	
   

  	
  4

  
	
  2.13

  	
   

  	
  Authority

  	
   

  	
  4

  
	
  2.14

  	
   

  	
  Ability to Carry Out Obligations

  	
   

  	
  4

  
	
  2.15

  	
   

  	
  Full Disclosure

  	
   

  	
  5

  
	
  2.16

  	
   

  	
  Assets

  	
   

  	
  5

  
	
  2.17

  	
   

  	
  Material Contracts

  	
   

  	
  5

  
	
  2.18

  	
   

  	
  Indemnification

  	
   

  	
  5

  
	
  2.19

  	
   

  	
  Criminal or Civil Acts

  	
   

  	
  5

  
	
  2.20

  	
   

  	
  Restricted Securities

  	
   

  	
  5

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III – Representations and Warranties of
  Petramerica

  	
   

  	
  5

  
	
   

  	
   

  	
   

  
	
  3.1

  	
   

  	
  Organization

  	
   

  	
  5

  
	
  3.2

  	
   

  	
  Capital

  	
   

  	
  6

  
	
  3.3

  	
   

  	
  Subsidiaries

  	
   

  	
  6

  
	
  3.4

  	
   

  	
  Directors and Officers

  	
   

  	
  6

  
	
  3.5

  	
   

  	
  Financial Statements

  	
   

  	
  6

  
	
  3.6

  	
   

  	
  Absence of Changes

  	
   

  	
  6

  
	
  3.7

  	
   

  	
  Absence of Undisclosed Liabilities

  	
   

  	
  6

  
	
  3.8

  	
   

  	
  Tax Returns

  	
   

  	
  6

  
	
  3.9

  	
   

  	
  Investigation of Financial Condition

  	
   

  	
  6

  
	
  3.10

  	
   

  	
  Intellectual Property Rights

  	
   

  	
  7

  
	
  3.11

  	
   

  	
  Compliance with Laws

  	
   

  	
  7

  

 i
 

 

 

	
  3.12

  	
   

  	
  Litigation

  	
   

  	
  7

  
	
  3.13

  	
   

  	
  Authority

  	
   

  	
  7

  
	
  3.14

  	
   

  	
  Ability to Carry Out Obligations

  	
   

  	
  7

  
	
  3.15

  	
   

  	
  Full Disclosure

  	
   

  	
  7

  
	
  3.16

  	
   

  	
  Assets

  	
   

  	
  7

  
	
  3.17

  	
   

  	
  Material Contracts

  	
   

  	
  7

  
	
  3.18

  	
   

  	
  Indemnification

  	
   

  	
  7

  
	
  3.19

  	
   

  	
  Criminal or Civil Acts

  	
   

  	
  8

  
	
  3.20

  	
   

  	
  Bulletin Board Trading Status

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV – Covenants Prior to the Closing
  Date

  	
   

  	
  8

  
	
   

  	
   

  	
   

  
	
  4.1

  	
   

  	
  Investigative Rights

  	
   

  	
  8

  
	
  4.2

  	
   

  	
  Conduct of Business

  	
   

  	
  8

  
	
  4.3

  	
   

  	
  Confidential Information

  	
   

  	
  8

  
	
  4.4

  	
   

  	
  Notice of Non-Compliance

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V – Conditions Precedent to
  Petramerica’s Performance

  	
   

  	
  9

  
	
   

  	
   

  	
   

  
	
  5.1

  	
   

  	
  Conditions

  	
   

  	
  9

  
	
  5.2

  	
   

  	
  Accuracy of Representations

  	
   

  	
  9

  
	
  5.3

  	
   

  	
  Performance

  	
   

  	
  9

  
	
  5.4

  	
   

  	
  Absence of Litigation

  	
   

  	
  9

  
	
  5.5

  	
   

  	
  Officer’s Certificate

  	
   

  	
  9

  
	
  5.6

  	
   

  	
  Corporate Action

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI – Conditions Precedent to Triton’s
  Performance

  	
   

  	
  9

  
	
   

  	
   

  	
   

  
	
  6.1

  	
   

  	
  Conditions

  	
   

  	
  9

  
	
  6.2

  	
   

  	
  Accuracy of Representations

  	
   

  	
  10

  
	
  6.3

  	
   

  	
  Performance

  	
   

  	
  10

  
	
  6.4

  	
   

  	
  Absence of Litigation

  	
   

  	
  10

  
	
  6.5

  	
   

  	
  Officer’s Certificate

  	
   

  	
  10

  
	
  6.6

  	
   

  	
  Payment of Liabilities

  	
   

  	
  10

  
	
  6.7

  	
   

  	
  Directors of Petramerica

  	
   

  	
  10

  
	
  6.8

  	
   

  	
  Officers of Petramerica

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII – Closing

  	
   

  	
  10

  
	
   

  	
   

  	
   

  
	
  7.1

  	
   

  	
  Closing

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII – Covenants Subsequent to the
  Closing Date

  	
   

  	
  11

  
	
   

  	
   

  	
   

  
	
  8.1

  	
   

  	
  Registration and Listing

  	
   

  	
  11

  
	
  8.2

  	
   

  	
  Stock Issuances

  	
   

  	
  11

  
	
  8.3

  	
   

  	
  Other Actions

  	
   

  	
  11

  

 

 ii
 

 

 

	
  ARTICLE IX – Miscellaneous

  	
   

  	
  12

  
	
   

  	
   

  	
   

  
	
  9.1

  	
   

  	
  Captions and Headings

  	
   

  	
  12

  
	
  9.2

  	
   

  	
  No Oral Change

  	
   

  	
  12

  
	
  9.3

  	
   

  	
  Non-Waiver

  	
   

  	
  12

  
	
  9.4

  	
   

  	
  Time of Essence

  	
   

  	
  12

  
	
  9.5

  	
   

  	
  Entire Agreement

  	
   

  	
  12

  
	
  9.6

  	
   

  	
  Choice of Law

  	
   

  	
  12

  
	
  9.7

  	
   

  	
  Counterparts

  	
   

  	
  12

  
	
  9.8

  	
   

  	
  Notices

  	
   

  	
  12

  
	
  9.9

  	
   

  	
  Binding Effect

  	
   

  	
  13

  
	
  9.10

  	
   

  	
  Mutual Cooperation

  	
   

  	
  13

  
	
  9.11

  	
   

  	
  Finders

  	
   

  	
  13

  
	
  9.12

  	
   

  	
  Announcements

  	
   

  	
  13

  
	
  9.13

  	
   

  	
  Expenses

  	
   

  	
  13

  
	
  9.14

  	
   

  	
  Survival of Representations and Warranties

  	
   

  	
  13

  
	
  9.15

  	
   

  	
  Exhibits

  	
   

  	
  13

  
	
  9.16

  	
   

  	
  Legal Counsel

  	
   

  	
  13

  
	
  9.17

  	
   

  	
  Termination, Amendment and Waiver

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  EXHIBITS

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Allocation of Securities

  	
   

  	
  Exhibit 1.1

  
	
   

  	
   

  	
  Subscription Agreement

  	
   

  	
  Exhibit 1.2

  
	
   

  	
   

  	
  Schedule of Triton and Petramerica Options

  	
   

  	
  Exhibit 2.2

  
	
   

  	
   

  	
  Financial Statements of Triton

  	
   

  	
  Exhibit 2.5

  
	
   

  	
   

  	
  Financial Statements of Petramerica

  	
   

  	
  Exhibit 3.5

  
									

 

 iii

AGREEMENT

THIS AGREEMENT (“Agreement”)
is made this 10th day of July, 2006, by and between Petramerica Oil, Inc.,
a Colorado corporation (“Petramerica”), Triton Distribution Systems, Inc.,
a Nevada  corporation (“Triton”), and the
security holders of Triton (the “Triton Security Holders”) who are listed on Exhibit 1.1
hereto and have executed Subscription Agreements in the form attached in Exhibit 1.2,
hereto.

WHEREAS,
Petramerica desires to acquire all of the issued and outstanding common stock
of Triton from the Triton Security Holders in exchange for newly issued
unregistered shares of common stock of Petramerica;

WHEREAS, Triton
desires to assist Petramerica in acquiring all of the issued and outstanding
common stock of Triton pursuant to the terms of this Agreement; and

WHEREAS, all of
the Triton Security Holders, by execution of Exhibit 1.2 hereto, agree to
exchange all 28,800,000 common shares they hold in Triton for 35,821,197 common
shares of Petramerica or 1.2437916 shares of Petramerica for each share of
Triton.

NOW, THEREFORE, in
consideration of the mutual promises, covenants and representations contained
herein, the parties hereto agree as follows:

ARTICLE I

Exchange of Securities

1.1           Issuance
of Securities. Subject to the terms and conditions of this
Agreement, Petramerica agrees to issue and exchange 35,821,197 fully paid and
non-assessable unregistered shares of Petramerica’s no par value common stock
(the “Petramerica Shares”) for all 28,800,000 issued and outstanding shares of
the $.001 par value common stock of Triton (the ”Triton Shares”) held by
the Triton Security Holders. All Petramerica Shares will be issued directly to
the Triton Security Holders on the Closing Date (as hereinafter defined),
pursuant to the schedule set forth in Exhibit 1.1.

1.2           Exemption
from Registration. The parties hereto intend that all Petramerica
common stock to be issued to the Triton Security Holders shall be exempt from
the registration requirements of the Securities Act of 1933, as amended (the “Act”),
pursuant to Section 4(2) and/or Regulation D of the Act and rules and
regulations promulgated thereunder. In furtherance thereof, each of the Triton
Security Holders will execute and deliver to Petramerica on the closing date of
this Agreement (the “Closing Date”) a copy of the Subscription Agreement set
forth in Exhibit 1.2 hereto. Petramerica currently has 20,000,000 shares
of common stock authorized. Accordingly, on the Closing Date Petramerica shall
issue 16,915,565 shares of Petramerica common stock in exchange for 13,600,000
shares of Triton and will issue to Triton’s three directors who own the
remaining 15,200,000 shares of Triton an aggregate of 1,000,000 shares of
Petramerica’s preferred stock convertible into 18,905,632 shares of Petramerica’s
common stock. Each share of such preferred stock will be convertible into
18.905632

 

 

Petramerica Shares. The
preferred stock shall have no voting rights, a liquidation preference equal to
the common stock, no dividend payment and shall vote on a per share basis the
equivalent of the common stock.

1.3           Corporate Action.
Following the Closing Date, Petramerica shall (i) increase the number of
shares of common stock authorized for issuance from 20,000,000 shares to
100,000,000 shares and (ii) change its name to Triton Distribution Systems, Inc.
or a similar name selected by Triton’s Board of Directors.

1.4           Petramerica Common Stock
Outstanding. On the Closing Date, Triton shall purchase from Mathis
Family Partners, Ltd. and CRG Partners, LLC 200,000 shares each of Petramerica
common stock for $1.00 per share, which shares shall be cancelled and retired
by Triton. Accordingly, following the closing of the Agreement and the
conversion of Petramerica’s preferred stock, Petramerica shall have a total of
37,509,107 shares outstanding, comprised of 35,821,197 shares (95.5% of the
total shares outstanding) held by the Triton Security Holders and 1,687,910
shares (4.5% of the total shares outstanding) retained by the original
Petramerica stockholders. To the extent applicable, Petramerica shall also
issue additional shares in exchange for any Triton Shares issuable to cover
over subscriptions in connection with its June 2006 private placement of
up to 5,750,000 shares of common stock at $1.00 per share (“Private Placement”).

1.5           Derivative Securities.
All 1,238,102 options issued by Triton to purchase its common stock at $1.00
per share shall be exchanged into options to purchase 1,539,937 shares of
Petramerica at $.80 per share as set forth in Exhibit 2.2.

ARTICLE II

Representations and Warranties of Triton

Triton hereby
represents and warrants to Petramerica that:

2.1           Organization.
Triton is a corporation duly organized, validly existing and in good standing
under the laws of Nevada, has all necessary corporate powers to own its properties
and to carry on its business as now owned and operated by it, and is duly
qualified to do business and is in good standing in each of the states where
its business requires qualification.

2.2           Capital.
The authorized capital stock of Triton consists of 100,000,000 authorized
shares of $.001 par value common stock, of which 28,800,000 shares of common
stock are outstanding, and 10,000,000 authorized shares of $.001 par value
preferred stock, none of which are outstanding. All of the outstanding common
stock of Triton is duly and validly issued, fully paid and non-assessable.
Except as set forth on Exhibit 2.2, there are no outstanding
subscriptions, options, rights, warrants, debentures, instruments, convertible
securities or other agreements or commitments obligating Triton to issue any
additional shares of its capital stock of any class.

 2
 

 

 

2.3           Subsidiaries.
Triton does not have any subsidiaries or own any interest in any other
enterprise.

2.4           Directors
and Officers. The names and titles of the directors and officers of
Triton as of the date of this Agreement are as follows:

	
  Name

  	
   

  	
  Position

  
	
   

  	
   

  	
   

  
	
  Gregory
  Lykiardopoulos

  	
   

  	
  Chairman and Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
  Kevin Pickard

  	
   

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
  Terry Byers

  	
   

  	
  Vice President – International Operations

  
	
   

  	
   

  	
   

  
	
  Art Griggs

  	
   

  	
  Vice President – Marketing

  
	
   

  	
   

  	
   

  
	
  Jeff Wheaton

  	
   

  	
  Vice President – Technology Operations

  
	
   

  	
   

  	
   

  
	
  Adam Himmelman

  	
   

  	
  Vice President – Technology Development

  
	
   

  	
   

  	
   

  
	
  Ronald Li

  	
   

  	
  Project Manager – China Products

  
	
   

  	
   

  	
   

  
	
  Michelle Lu

  	
   

  	
  Sales Manager – Pacific Rim

  
	
   

  	
   

  	
   

  
	
  L. Michael
  Underwood

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  
	
  Stephen Garland

  	
   

  	
  Director

  

 

2.5           Financial
Statements. Exhibit 2.5 hereto consists of the audited
financial statements of Triton for the period from inception (January 10,
2006) through March 31, 2006 (the “Triton Financial Statements”). The
Triton Financial Statements have been prepared in accordance with generally
accepted accounting principles and practices consistently followed by Triton
throughout the period indicated, and fairly present the financial position of
Triton as of the date of the balance sheet included in the Triton Financial
Statements and the results of operations for the period indicated. There are no
material omissions or non-disclosures in the Triton Financial Statements.

2.6           Absence
of Changes. Since March 31, 2006, there has not been any
material change in the financial condition or operations of Triton, except as
contemplated by this Agreement. As used throughout this Agreement, “material”
means:  Any change or effect (or
development that, insofar as can be reasonably foreseen, is likely to result in
any change or effect) that causes substantial increase or diminution in the
business, properties, assets, condition (financial or otherwise) or results of
operations of a party. Taken as a whole, material change shall not include
changes in national or international economic conditions or industry conditions
generally; changes or possible changes in statutes and regulations applicable
to a party; or the loss of employees, customers or suppliers by a party as a
direct or indirect consequence of any announcement relating to this
transaction.

2.7           Absence
of Undisclosed Liabilities. As of March 31, 2006, Triton did
not have any material debt, liability or obligation of any nature, whether
accrued, absolute,

 3
 

 

 

contingent or otherwise,
and whether due or to become due, that is not reflected in the Triton Financial
Statements.

2.8           Tax
Returns. Triton has filed all federal, state and local tax returns
required by law and has paid all taxes, assessments and penalties due and
payable. The provisions for taxes, if any, reflected in Exhibit 2.5 are
adequate for the periods indicated. There are no present disputes as to taxes
of any nature payable by Triton.

2.9           Investigation
of Financial Condition. Without in any manner reducing or otherwise
mitigating the representations contained herein, Petramerica, its legal counsel
and accountants shall have the opportunity to meet with Triton’s accountants
and attorneys to discuss the financial condition of Triton during reasonable
business hours and in a manner that does not interfere with the normal
operation of Triton’s business. Triton shall make available to Petramerica all
books and records of Triton, provided, however, that Triton will be under no
obligation to provide any information subject to confidentiality provisions or
waive any privilege associated with any such information.

2.10         Intellectual
Property Rights. Triton owns or has the right to use all trademarks,
service marks, trade names, copyrights and patents material to its business.

2.11         Compliance
with Laws. To the best of Triton’s knowledge, Triton has complied
with, and is not in violation of, applicable federal, state or local statutes,
laws and regulations, including federal and state securities laws, except where
such non-compliance would not have a material adverse impact upon its business
or properties.

2.12         Litigation.
Triton is not a defendant in any suit, action, arbitration or legal,
administrative or other proceeding, or governmental investigation which is
pending or, to the best knowledge of Triton, threatened against or affecting
Triton or its business, assets or financial condition. Triton is not in default
with respect to any order, writ, injunction or decree of any federal, state,
local or foreign court, department, agency or instrumentality applicable to it.
Triton is not engaged in any material litigation to recover monies due to it.

2.13         Authority.
The Board of Directors of Triton has authorized the execution of this Agreement
and the consummation of the transactions contemplated herein, and Triton has
full power and authority to execute, deliver and perform this Agreement, and
this Agreement is a legal, valid and binding obligation of Triton and is
enforceable in accordance with its terms and conditions. By execution of Exhibit 1.2,
all of the Triton Security Holders have agreed to and have approved the terms
of this Agreement.

2.14         Ability
to Carry Out Obligations. To the best of Triton’s knowledge, the
execution and delivery of this Agreement by Triton and the performance by
Triton of its obligations hereunder in the time and manner contemplated will
not cause, constitute or conflict with or result in (a) any breach or
violation of any of the provisions of or constitute a default under any
license, indenture, mortgage, instrument, article of incorporation, bylaw,
or other agreement or instrument to which Triton is a party, or by which it may
be bound, nor will any consents or authorizations of any party other than those
hereto be required, (b) an event that

 4
 

 

 

would permit any party to
any agreement or instrument to terminate it or to accelerate the maturity of
any indebtedness or other obligation of Triton, or (c) an event that would
result in the creation or imposition of any lien, charge or encumbrance on any
asset of Triton.

2.15         Full
Disclosure. None of the representations and warranties made by
Triton herein or in any exhibit, certificate or memorandum furnished or to be
furnished by Triton, or on its behalf, contains or will contain any untrue
statement of material fact or omit any material fact the omission of which
would be misleading.

2.16         Assets.
Triton’s assets are fully included in Exhibit 2.5 and are not subject to
any claims or encumbrances except as indicated in Exhibit 2.5.

2.17         Material
Contracts. Triton does not have any material contracts, except as
described in its April 2006 Confidential Private Placement Memorandum.

2.18         Indemnification.
Triton agrees to indemnify, defend and hold Petramerica harmless against and in
respect of any and all claims, demands, losses, costs, expenses, obligations,
liabilities, damages, recoveries and deficiencies, including interest,
penalties and reasonable attorney fees asserted by third parties against
Petramerica which arise out of, or result from (i) any breach by Triton in
performing any of its covenants or agreements under this Agreement or in any
schedule, certificate, exhibit or other instrument furnished or to be furnished
by Triton under this Agreement, (ii) a failure of any representation or
warranty in this Article II or (iii) any untrue statement made by
Triton in this Agreement.

2.19         Criminal
or Civil Acts. For the period of five years prior to the execution
of this Agreement, no executive officer, director or principal stockholder of
Triton has been convicted of a felony crime, filed for personal bankruptcy,
been the subject of a Commission or NASD judgment or decree, or is currently
the subject to any investigation in connection with a felony crime or Commission
or NASD proceeding.

2.20         Restricted Securities. Triton and the
Triton Security Holders, by execution of this Agreement and of Exhibit 1.2,
acknowledge that all of the Petramerica Shares issued by Petramerica are
restricted securities and none of such securities may be sold or publicly
traded except in accordance with the provisions of the Act.

ARTICLE III

Representations and Warranties of Petramerica

Petramerica
represents and warrants to Triton that:

3.1           Organization.
Petramerica is a corporation duly organized, validly existing and in good
standing under the laws of Colorado, has all necessary corporate powers to
carry on its business, and is duly qualified to do business and is in good
standing in each of the states where its business requires qualification.

 5
 

 

 

3.2           Capital.
The authorized capital stock of Petramerica currently consists of 20,000,000
shares of no par value common stock, of which 2,087,910 shares of common stock
are issued and outstanding, and 2,000,000 shares of no par value preferred stock,
none of which are outstanding. There shall be 1,687,910 shares of common stock
outstanding on the Closing Date following the retirement of 400,000 shares as
described in Section 1.4, above. All of Petramerica’s outstanding
securities are duly and validly issued, fully paid and non-assessable. There
are no outstanding subscriptions, options, rights, warrants, debentures,
instruments, convertible securities or other agreements or commitments
obligating Petramerica to issue any additional shares of its capital stock of
any class.

3.3           Subsidiaries.
Petramerica does not have any subsidiaries or own any interest in any other
enterprise.

3.4           Directors
and Officers. The names and titles of the directors and officers of
Petramerica are:  Earnest Mathis, Jr.,
Chief Executive Officer, Secretary and Director, and D. Rick Hayes, Director.

3.5           Financial
Statements. Exhibit 3.5 hereto consists of the audited
financial statements of Petramerica for the year ended December 31, 2005
and the unaudited financial statements of Petramerica for the three months
ended March 31, 2006 (the “Petramerica Financial Statements”). The
Petramerica Financial Statements have been prepared in accordance with
generally accepted accounting principles and practices consistently followed by
Petramerica throughout the periods indicated, and fairly present the financial
position of Petramerica as of the date of the balance sheets included in the
Petramerica Financial Statements and the results of operations for the periods
indicated. There are no material omissions or non-disclosures in the
Petramerica Financial Statements.

3.6           Absence
of Changes. Since March 31, 2006, there has not been any
material change in the financial condition or operations of Petramerica, except
as contemplated by this Agreement.

3.7           Absence
of Undisclosed Liabilities. As of March 31, 2006, Petramerica
did not have any material debt, liability or obligation of any nature, whether
accrued, absolute, contingent or otherwise, and whether due or to become due,
that is not reflected in the Petramerica Financial Statements.

3.8           Tax
Returns. Within the times and in the manner prescribed by law,
Petramerica has filed all federal, state and local tax returns required by law
and has paid all taxes, assessments and penalties due and payable.

3.9           Investigation
of Financial Condition. Without in any manner reducing or otherwise
mitigating the representations contained herein, Triton, its legal counsel and
accountants shall have the opportunity to meet with Petramerica’s accountants
and attorneys to discuss the financial condition of Petramerica. Petramerica
shall make available to Triton all books and records of Petramerica.

 6
 

 

 

3.10         Intellectual
Property Rights. Petramerica does not have any patents, trademarks,
service marks, trade names, copyrights or other intellectual property rights.

3.11         Compliance
with Laws. Petramerica has complied with, and is not in violation
of, applicable federal, state or local statutes, laws or regulations including
federal and state securities laws.

3.12         Litigation.
Petramerica is not a defendant in any suit, action, arbitration, or legal,
administrative or other proceeding, or governmental investigation which is
pending or, to the best knowledge of Petramerica, threatened against or
affecting Petramerica or its business, assets or financial condition. Petramerica
is not in default with respect to any order, writ, injunction or decree of any
federal, state, local or foreign court, department, agency or instrumentality
applicable to it. Petramerica is not engaged in any material litigation to
recover monies due to it.

3.13         Authority.
The Board of Directors of Petramerica has authorized the execution of this
Agreement and the transactions contemplated herein, and Petramerica has full
power and authority to execute, deliver and perform this Agreement, and this
Agreement is the legal, valid and binding obligation of Petramerica, and is
enforceable in accordance with its terms and conditions.

3.14         Ability
to Carry Out Obligations. The execution and delivery of this Agreement
by Petramerica and the performance by Petramerica of its obligations hereunder
will not cause, constitute or conflict with or result in (a) any breach or
violation of any of the provisions of or constitute a default under any
license, indenture, mortgage, instrument, article of incorporation, bylaw
or other agreement or instrument to which Petramerica is a party, or by which
it may be bound, nor will any consents or authorization of any party other than
those hereto be required, (b) an event that would permit any party to any
agreement or instrument to terminate it or to accelerate the maturity of any
indebtedness or other obligation of Petramerica, or (c) an event that
would result in the creation or imposition of any lien, charge or encumbrance
on any asset of Petramerica.

3.15         Full
Disclosure. None of the representations and warranties made by
Petramerica herein, or in any exhibit, certificate or memorandum furnished or
to be furnished by Petramerica or on its behalf, contains or will contain any untrue
statement of material fact or omit any material fact the omission of which
would be misleading.

3.16         Assets.
Petramerica has no assets or liabilities.

3.17         Material
Contracts. Petramerica has no material contracts.

3.18         Indemnification.
Petramerica agrees to indemnify, defend and hold Triton harmless against and in
respect of any and all claims, demands, losses, costs, expenses, obligations,
liabilities, damages, recoveries and deficiencies, including interest,
penalties and reasonable attorney fees asserted by third parties against
Triton, which arise out of, or result from (i) any breach by Petramerica
in performing any of its covenants or agreements in this Agreement or in any
schedule, certificate, exhibit or other instrument furnished or to be

 7
 

 

 

furnished by Petramerica
under this Agreement,  (ii) a
failure of any representation or warranty in this Article III, or (iii) any
untrue statement made by Petramerica in this Agreement.

3.19         Criminal
or Civil Acts. For a period of five years prior to the execution of
this Agreement, no executive officer, director or principal stockholder of
Petramerica has been convicted of a felony crime, filed for personal
bankruptcy, been the subject of a Securities and Exchange Commission (“Commission”)
or NASD judgment or decree, or is currently the subject to an investigation in
connection with any felony crime or Commission or NASD proceeding.

3.20         Bulletin Board Trading
Status. Petramerica shall be in compliance with all requirements
for, and its common stock shall be quoted on, the Electronic Over-the-Counter
Bulletin Board system on the date immediately prior to the Closing Date, such
that the common stock of Petramerica may continue to be so quoted without
interruption following the Closing Date.

ARTICLE IV

Covenants Prior to the Closing Date

4.1           Investigative
Rights. Prior to the Closing Date, each party shall provide to the
other party, and such other party’s counsel, accountants, auditors and other
authorized representatives, full access during normal business hours and upon
reasonable advance written notice to all of each party’s properties, books,
contracts, commitments and records for the purpose of examining the same. Each
party shall furnish the other party with all information concerning each party’s
affairs as the other party may reasonably request. If during the investigative
period one party learns that a representation of the other party was not
accurate, no such claim may be asserted by the party so learning that a
representation of the other party was not accurate.

4.2           Conduct
of Business. Prior to the Closing Date, each party shall conduct its
business in the normal course and shall not sell, pledge or assign any assets
without the prior written approval of the other party, except in the normal
course of business. Neither party shall amend its Articles of Incorporation or
Bylaws (except as may be described in this Agreement), declare dividends,
redeem or sell stock or other securities. Neither party shall enter into
negotiations with any third party or complete any transaction with a third
party involving the sale of any of its assets or the exchange of any of its
common stock.

4.3           Confidential Information. Each
party will treat all non-public, confidential and trade secret information
received from the other party as confidential, and such party shall not
disclose or use such information in a manner contrary to the purposes of this
Agreement. Moreover, all such information shall be returned to the other party
in the event this Agreement is terminated.

4.4           Notice of Non-Compliance. Each
party shall give prompt notice to the other party of any representation or
warranty made by it in this Agreement becoming untrue or inaccurate in any
respect or the failure by it to comply with or satisfy in any material respect
any covenant, condition or agreement to be complied with or satisfied by it
under this Agreement.

 8
 

 

 

ARTICLE V

Conditions Precedent to Petramerica’s Performance

5.1           Conditions.
Petramerica’s obligations hereunder shall be subject to the satisfaction at or
before the Closing Date of all the conditions set forth in this Article V.
Petramerica may waive any or all of these conditions in whole or in part
without prior notice; provided, however, that no such waiver of a condition
shall constitute a waiver by Petramerica of any other condition of or any of
Petramerica’s other rights or remedies, at law or in equity, if Triton shall be
in default of any of its representations, warranties or covenants under this
Agreement.

5.2           Accuracy
of Representations. Except as otherwise permitted by this Agreement,
all representations and warranties by Triton in this Agreement or in any
written statement that shall be delivered to Petramerica by Triton under this
Agreement shall be true and accurate on and as of the Closing Date as though
made at that time.

5.3           Performance.
Triton shall have performed, satisfied and complied with all covenants,
agreements and conditions required by this Agreement to be performed or
complied with by it on or before the Closing Date.

5.4           Absence
of Litigation. No action, suit or proceeding, including injunctive
actions, before any court or any governmental body or authority, pertaining to
the transaction contemplated by this Agreement or to its consummation, shall
have been instituted or threatened against Triton on or before the Closing
Date.

5.5           Officer’s
Certificate. Triton shall have delivered to Petramerica a
certificate dated the Closing Date signed by the Chief Executive Officer of
Triton certifying that each of the conditions specified in this Article has
been fulfilled and that all of the representations set forth in Article II
are true and correct as of the Closing Date.

5.6           Corporate
Action. Triton shall
have obtained the approval of the Triton Security Holders for the transaction
contemplated by this Agreement as evidenced by the Triton Security Holders
holding all of Triton’s outstanding common stock executing Exhibit 1.2.

ARTICLE VI

Conditions Precedent to Triton’s Performance

6.1           Conditions.
Triton’s obligations hereunder shall be subject to the satisfaction at or
before the Closing Date of all the conditions set forth in this Article VI.
Triton may waive any or all of these conditions in whole or in part without
prior notice; provided, however, that no such waiver of a condition shall
constitute a waiver by Triton of any other condition of or any of Triton’s
rights or remedies, at law or in equity, if Petramerica shall be in default of
any of its representations, warranties or covenants under this Agreement.

 9
 

 

 

6.2           Accuracy
of Representations. Except as otherwise permitted by this Agreement,
all representations and warranties by Petramerica in this Agreement or in any
written statement that shall be delivered to Triton by Petramerica under this
Agreement shall be true and accurate on and as of the Closing Date as though
made at that time.

6.3           Performance.
Petramerica shall have performed, satisfied and complied with all covenants,
agreements and conditions required by this Agreement to be performed or
complied with by it on or before the Closing Date.

6.4           Absence
of Litigation. No action, suit or proceeding before any court or any
governmental body or authority, pertaining to the transaction contemplated by
this Agreement or to its consummation, shall have been instituted or threatened
against Petramerica on or before the Closing Date.

6.5           Officer’s
Certificate. Petramerica shall have delivered to Triton a
certificate dated the Closing Date signed by the Chief Executive Officer of
Petramerica certifying that each of the conditions specified in this Article has
been fulfilled and that all of the representations set forth in Article III
are true and correct as of the Closing Date.

6.6           Payment
of Liabilities. On or
before the Closing Date, Petramerica shall have paid any outstanding obligations
and liabilities of Petramerica through the Closing Date, including obligations
created subsequent to the execution of this Agreement.

6.7           Directors
of Petramerica. On the Closing Date, the Board of Directors of
Petramerica shall elect two directors of Triton to Petramerica’s Board of
Directors.

6.8           Officers
of Petramerica. On the Closing Date, the newly constituted Board of
Directors of Petramerica shall elect the officers of Petramerica as set forth
in Section 2.4, above and Petramerica’s existing executive officers shall
resign.

ARTICLE VII

Closing

7.1           Closing.
The closing of this Agreement shall be held at the offices of Gary A. Agron at
any mutually agreeable time and date prior to July 14, 2006, unless
extended by mutual agreement. At the closing:

(a)                                  Triton shall deliver to Petramerica (i) copies
of Exhibit 1.2 executed by all of the Triton Security Holders, (ii) certificates
representing all 28,800,000 outstanding Triton Shares duly endorsed to
Petramerica, (iii) the officer’s certificate described in Section 5.5,
and (iv) signed minutes of its directors approving this Agreement;

 10
 

 

 

(b)                                 Petramerica shall deliver to the Triton
Security Holders (i) certificates representing an aggregate of 35,821,197
shares of Petramerica’s common stock represented by 16,915,565 shares of common
stock and 1,000,000 shares of preferred stock convertible into 18,905,632
shares of Petramerica’s common stock for which the Triton Shares have been
exchanged pursuant to the computations set forth in Exhibit 1.1 hereto, (ii) certificates
representing options to purchase 1,539,937 shares of Petramerica at $.80 per
share issued in exchange for Triton’s 1,238,102 outstanding options exercisable
at $1.00 per share, (iii) the officer’s certificate described in Section 6.5,
(iv) signed minutes of its directors approving this Agreement, and (v) resignations
from its executive officers pursuant to Sections 6.7 and 6.8; and

(c)                                  Triton shall deliver to Mathis Family
Partners, Ltd. and CRG Partners, LLC certified funds in the amount of $400,000
and Mathis Family Partners, Ltd. and CRG Partners, LLC shall transfer for
cancellation 400,000 shares of Petramerica common stock held by them pursuant
to Section 1.4, above.

ARTICLE VIII

Covenants Subsequent to the Closing Date

8.1           Registration
and Listing. Following the Closing Date, Petramerica shall use its
best efforts to:

(a)                                  Continue Petramerica’s common stock
quotation on the Electronic Over-the-Counter Bulletin Board system; and

(b)                                 List Petramerica’s securities in Standard &
Poor’s OTC or Corporate Manual.

(c)                                  Organize a Nominating Committee of the
Board of Directors that will be charged, within 30 days of the Closing Date,
with nominating additional or replacement Petramerica directors, who, in the
opinion of the Nominating Committee will provide ongoing industry, banking,
financial or legal expertise to the Board.

(d)                                 Promptly retain such investor and public
relations firms as Petramerica’s management deems appropriate.

8.2           Stock Issuances. Following
the Closing Date, Petramerica may (i) adopt such stock option or other
securities incentive plan as its Board of Directors shall reasonably determine,
(ii) issue up to 1,800,000 shares for public relations and investor
relations services to public relations and investor relations firms selected by
the Petramerica management and (iii) issue warrants to purchase up to
1,150,000 shares of Petramerica common stock at $1.00 per share in connection
with Triton’s Private Placement.

8.3           Other Actions. Following
the Closing Date, Petramerica shall complete the corporate and other actions
described in Section 1.3, above.

 11
 

 

 

ARTICLE IX

Miscellaneous

9.1           Captions
and Headings. The article and Section headings throughout
this Agreement are for convenience and reference only and shall not define,
limit or add to the meaning of any provision of this Agreement.

9.2           No
Oral Change. This Agreement and any provision hereof may not be
waived, changed, modified or discharged orally, but only by an agreement in
writing signed by the party against whom enforcement of any such waiver,
change, modification or discharge is sought.

9.3           Non-Waiver.
The failure of any party to insist in any one or more cases upon the
performance of any of the provisions, covenants or conditions of this Agreement
or to exercise any option herein contained shall not be construed as a waiver
or relinquishment for the future of any such provisions, covenants or
conditions. No waiver by any party of one breach by another party shall be
construed as a waiver with respect to any other subsequent breach.

9.4           Time
of Essence. Time is of the essence of this Agreement and of each and
every provision hereof.

9.5           Entire
Agreement. This Agreement contains the entire Agreement and
understanding between the parties hereto and supersedes all prior agreements
and understandings.

9.6           Choice
of Law. This Agreement and its application shall be governed by the
laws of the state of Colorado.

9.7           Counterparts.
This Agreement may be executed simultaneously in one or more counterparts, each
of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

9.8           Notices.
All notices, requests, demands and other communications under this Agreement
shall be in writing and shall be deemed to have been duly given on the date of
service if served personally on the party to whom notice is to be given, or on
the third day after mailing if mailed to the party to whom notice is to be
given, by first class mail, registered or certified, postage prepaid, and
properly addressed as follows:

Petramerica:                                                        Petramerica
Oil, Inc.

2560 W. Main Street, Suite 200

Littleton, Colorado  80120

Attn:  Earnest Mathis, Jr., Chief Executive
Officer

Triton:                                                      Triton
Distribution Systems, Inc.

One Harbor Drive, Suite 300

Sausalito, California
94965

Attn:  Gregory Lykiardopoulos, Chief Executive
Officer

 12
 

 

 

9.9           Binding
Effect. This Agreement shall inure to and be binding upon the heirs,
executors, personal representatives, successors and assigns of each of the
parties to this Agreement.

9.10         Mutual
Cooperation. The parties hereto shall cooperate with each other to
achieve the purpose of this Agreement and shall execute such other and further
documents and take such other and further actions as may be necessary or
convenient to effect the transaction described herein.

9.11         Finders.
There are no finders in connection with this transaction.

9.12         Announcements.
The parties will consult and cooperate with each other as to the timing and
content of any public announcements regarding this Agreement.

9.13         Expenses.
Each party will bear their own expenses, including legal fees incurred in
connection with this Agreement. The Triton Security Holders shall not be
responsible for any costs incurred in connection with the transaction
contemplated by this Agreement.

9.14         Survival
of Representations and Warranties. The representations, warranties,
covenants and agreements of the parties set forth in this Agreement or in any
instrument, certificate, opinion or other writing providing for in it, shall
survive the Closing Date.

9.15         Exhibits.
As of the execution hereof, the parties have provided each other with the
exhibits described herein. Any material changes to the exhibits shall be
immediately disclosed to the other party.

9.16         Legal
Counsel. Triton has been represented by Gary A. Agron, Esq. (“Agron”)
in connection with this Agreement and Petramerica has been advised by separate
counsel selected by it. The parties acknowledge that Agron has previously
represented Petramerica and its principals in connection with other matters and
Agron has previously represented Triton in connection with other matters. By
virtue of his prior representation of Petramerica, Agron earned legal fees from
Petramerica and will receive a legal fee equal to 15% of the stock and cash
earned by Petramerica’s two principal stockholders under this Agreement. By
virtue of his prior representation of Triton, Agron earned legal fees and the
issuance of common stock from Triton. Both parties waive any potential for a
conflict of interest that may arise in connection with Agron’s prior
representation of the parties and specifically waive any conflict of interest,
claim or cause of action that may arise in connection with such prior
representation.

9.17         Termination, Amendment and
Waiver.

(a)           Termination. This Agreement
may be terminated at any time prior to the Closing Date, whether before or
after approval of matters presented in connection with the share exchange by
the stockholders of Petramerica or by the stockholders of Triton:

(1)           By mutual written consent of Triton
and Petramerica;

(2)           By either Triton or Petramerica;

 13
 

 

 

(i)                                     If
any court of competent jurisdiction or any governmental, administrative or
regulatory authority, agency or body shall have issued an order, decree or
ruling or taken any other action permanently enjoining, restraining or
otherwise prohibiting the transactions contemplated by this Agreement; or

(ii)                                  If
the transaction shall not have been consummated on or before July 31,
2006, unless the failure to consummate the transaction is the result of a
material breach of this Agreement by the party seeking to terminate this
Agreement.

(3)           By Triton, if Petramerica breaches
any of its representations or warranties hereof or fails to perform in any
material respect any of its covenants, agreements or obligations under this
Agreement; and

(4)           By Petramerica, if Triton breaches
any of its representations or warranties hereof or fails to perform in any
material respect any of its covenants, agreements or obligations under this
Agreement.

(b)           Effect of Termination. In the event
of termination of this Agreement by either Petramerica or Triton, as provided
herein, this Agreement shall forthwith become void and have no effect, without
any liability or obligation on the part of Triton or Petramerica, and such
termination shall not relieve any party hereto for any intentional breach prior
to such termination by a party hereto of any of its representations or
warranties or any of its covenants or agreements set forth in this Agreement.

(c)           Extension; Waiver. At any time
prior to the Closing Date, the parties may, to the extent legally allowed, (a) extend
the time for the performance of any of the obligation of the other acts of the
other parties, (b) waive any inaccuracies in the representations and
warranties contained herein or in any document delivered pursuant hereto or
waive compliance with any of the agreements or conditions contained herein. Any
agreement on the part of a party to any such extension or waiver shall be valid
only if set forth in an instrument in writing signed on behalf of such party. The
failure of any party to this Agreement to assert any of its rights under this
Agreement or otherwise shall not constitute a waiver of such rights.

(d)           Procedure for Termination,
Amendment, Extension or Waiver. A termination of this Agreement, an
amendment of this Agreement or an extension or waiver shall, in order to be
effective, require in the case of Triton or Petramerica, action by its
respective Board of Directors or the duly authorized designee of such Board of
Directors.

[Remainder
of Page Intentionally Blank; Signature Page Follows]

 14
 

 

 

In witness
whereof, the parties have executed this Agreement Concerning the Exchange of
Securities on the date indicated above.

	
  PETRAMERICA OIL, INC.

  	
   

  	
  TRITON DISTRIBUTION SYSTEMS, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Earnest
  Mathis, Jr.

  	
   

  	
   

  	
  By:

  	
  /s/ Gregory Lykiardopoulos

  
	
   

  	
  Earnest
  Mathis, Jr.

  	
   

  	
   

  	
  Gregory Lykiardopoulos

  
	
   

  	
  Chief Executive
  Officer

  	
   

  	
   

  	
  Chief Executive Officer

  
	
   

  	
   

  	
   

  
	
  SOLELY
  AS TO SECTION 1.4:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Mathis Family
  Partners, Ltd.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Earnest
  Mathis, Jr.

  	
   

  	
   

  	
   

  
	
   

  	
  Earnest
  Mathis, Jr., General Partner

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  CRG Partners,
  LLC

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ D. Rick
  Hayes

  	
   

  	
   

  	
   

  
	
   

  	
  D. Rick Hayes,
  Manager

  	
   

  	
   

  

 

 15

 

EXHIBIT 1.1

SCHEDULE OF TRITON COMMON
STOCKHOLDERS

AND

ALLOCATION OF PETRAMERICA COMMON SHARES

	
  Name of Triton

  Stockholder

  	
   

  	
  Number of Triton

  Shares Exchanged

  	
   

  	
  Number of Petramerica Common

  Shares to be Issued

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gregory Lykiardopoulos

  	
   

  	
  1,200,000

  	
   

  	
  1,492,549

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Hawk Investments, Ltd.

  	
   

  	
  4,557,960

  	
   

  	
  5,669,152

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Marin Northcoast LLC

  	
   

  	
  2,700,000

  	
   

  	
  3,358,237

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Barbarce LLC

  	
   

  	
  1,800,000

  	
   

  	
  2,238,825

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Richardson & Patel
  LLP

  	
   

  	
  72,102

  	
   

  	
  89,680

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  RP Capital, LLC

  	
   

  	
  72,102

  	
   

  	
  89,680

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Walter Terry

  	
   

  	
  450,000

  	
   

  	
  559,706

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Corporate Capital
  Partners LP

  	
   

  	
  1,273,836

  	
   

  	
  1,584,386

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Corporate Capital
  Advisers LP

  	
   

  	
  24,000

  	
   

  	
  29,581

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  L. Michael Underwood

  	
   

  	
  2,825,000

  	
   

  	
  3,513,711

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Stephen Garland

  	
   

  	
  300,000

  	
   

  	
  373,137

  	
  (1)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  West Hampton Special
  Situations Fund, LLC

  	
   

  	
  5,200,000

  	
   

  	
  6,467,716

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  The Elevation Fund

  	
   

  	
  5,200,000

  	
   

  	
  6,467,716

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Battersea
  Capital, Inc.

  	
   

  	
  2,825,000

  	
   

  	
  3,513,711

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gary A. Agron

  	
   

  	
  300,000

  	
   

  	
  373,137

  	
   

  

 

(1)             Represented
by preferred stock convertible into common stock, except for 75,000 shares held
by Corporate Capital Partners.

 

 

EXHIBIT 1.2

SUBSCRIPTION
AGREEMENT

In connection with
my exchange of $.001 par value common stock of Triton Distribution Systems, Inc.
(“Triton”), for the no par value common stock of Petramerica Oil, Inc. (“Petramerica”),
pursuant to the Agreement Concerning The Exchange of Securities by and among
Petramerica Oil, Inc. and Triton Distribution Systems, Inc. and the
Security Holders of Triton Distribution Systems, Inc. (the “Exchange
Agreement”), I acknowledge the matters set forth below and promise that the
statements made herein are true. I understand that Petramerica is relying on my
truthfulness in issuing its securities to me.

I hereby represent
and warrant to Petramerica that I have the full power and authority to execute,
deliver and perform this Subscription Agreement and to consummate the
transactions contemplated hereby. This Subscription Agreement is a legal, valid
and binding obligation of mine, enforceable against me in accordance with its
terms. I own the securities in Triton that I am exchanging for securities of
Petramerica free and clear of all pledges, liens, encumbrances, security
interests, equities, claims, options, preemptive rights, rights of first
refusal, or any other limitation on my ability to vote such securities or to
transfer such securities to Petramerica. I have full right, title and interest
in and to the Triton securities that I am exchanging.

I understand that
Petramerica’s common stock (the “Securities) is being issued to me in a private
transaction in exchange for my securities in Triton and in reliance upon the
exemption provided in section 4(2) and/or Regulation D under the
Securities Act of 1933, as amended (the ”Act”) for non-public offerings
and pursuant to the Exchange Agreement. I understand that the Securities are “restricted”
under applicable securities laws and may not be sold by me except in a
registered offering (which may not ever occur) or in a private transaction like
this one. I know this is an illiquid investment and that therefore I may be
required to hold the Securities for an indefinite period of time, but under no
circumstances less than one year from the date of their issuance.

I am acquiring the
Securities solely for my own account, for long-term investment purposes only
and not with a view to sale or other distribution. I agree not to dispose of
any Securities unless and until counsel for Petramerica shall have determined
that the intended disposition is permissible and does not violate the Act, any
applicable state securities laws or rules and regulations promulgated
thereunder.

All information,
financial and otherwise, or documentation pertaining to all aspects of my
acquisition of the Securities and the activities and financial information of
Petramerica has been made available to me and my representatives, if any, and I
have had ample opportunity to meet with and ask questions of senior officers of
Petramerica, and I have received satisfactory answers to any questions I asked.

 

 

In acquiring the
Securities, I have been afforded access to the Exchange Agreement and have made
such independent investigations of Petramerica as I deemed appropriate. I am an
“accredited investor” as that term is defined in Regulation D, Rule 501 of
the Act and am an experienced investor, have made speculative investments in the
past and am capable of analyzing the merits of an investment in the Securities.

I understand that
the Securities are highly speculative, involve a great degree of risk and
should only be acquired by individuals who can afford to lose their entire
investment. Nevertheless, I consider this a suitable investment for me because
I have adequate financial resources and income to maintain my current standard
of living even after my acquisition of the Securities. I know that Petramerica
currently has only negligible assets and liabilities, and that although I could
lose my entire investment, I am acquiring the Securities because I believe the
potential rewards are commensurate with the risk. Even if the Securities became
worthless, I could still maintain my standard of living without significant
hardship to me or my family.

By signing this
Subscription Agreement, I also accept and agree to be bound by and to abide by
the terms and conditions of the Exchange Agreement as if I had executed the
Exchange Agreement itself.

Dated
as of this            day of
July, 2006.

	
   

  	
   

  	
   

  
	
   

  	
  Signature

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name, Please
  Print

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Residence
  Address

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  City, State and
  Zip Code

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Area Code and
  Telephone Number

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Social Security
  Number

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Number of Triton
  Shares exchanged

  	
   

  

 

 2

 

EXHIBIT 2.2

 

SCHEDULE OF TRITON AND
PETRAMERICA OPTIONS

 

Conversion factor:  1.2437916

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  TRITON

  	
   

  	
  PETRAMERICA

  	
   

  
	
  GRANT

  DATE

  	
   

  	
  EXPIRATION

  DATE

  	
   

  	
  FIRST

  NAME

  	
   

  	
  LAST

  NAME

  	
   

  	
  OPTIONS

  	
   

  	
  EXERCISE

  PRICE

  	
   

  	
  OPTIONS

  	
   

  	
  EXERCISE

  PRICE

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Kevin

  	
   

  	
  Pickard

  	
   

  	
  200,000

  	
   

  	
  $

  	
  1.00

  	
   

  	
  248,758

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Adam

  	
   

  	
  Himmelman

  	
   

  	
  150,000

  	
   

  	
  $

  	
  1.00

  	
   

  	
  186,569

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Terry

  	
   

  	
  Byers

  	
   

  	
  150,000

  	
   

  	
  $

  	
  1.00

  	
   

  	
  186,569

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Art

  	
   

  	
  Griggs

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Jeff

  	
   

  	
  Wheaton

  	
   

  	
  75,000

  	
   

  	
  $

  	
  1.00

  	
   

  	
  93,284

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Gary

  	
   

  	
  Dunn

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Kate

  	
   

  	
  Hudson

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Laura

  	
   

  	
  Keciri

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Michelle

  	
   

  	
  Lu

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Vivek

  	
   

  	
  Patwardhan

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Stephen

  	
   

  	
  Termecz

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Kurtis

  	
   

  	
  Carlson

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Margaret

  	
   

  	
  Cross

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Emy

  	
   

  	
  De
  La Cruz

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  

 

 

 

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  TRITON

  	
   

  	
  PETRAMERICA

  	
   

  
	
  GRANT

  DATE

  	
   

  	
  EXPIRATION

  DATE

  	
   

  	
  FIRST

  NAME

  	
   

  	
  LAST

  NAME

  	
   

  	
  OPTIONS

  	
   

  	
  EXERCISE

  PRICE

  	
   

  	
  OPTIONS

  	
   

  	
  EXERCISE

  PRICE

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Ronald

  	
   

  	
  Li

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Shirlene

  	
   

  	
  Mendiola

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Maité

  	
   

  	
  Camy

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Marylin

  	
   

  	
  Coon

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Cesar

  	
   

  	
  Denum

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Richard

  	
   

  	
  Fehl

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Sarah

  	
   

  	
  Holcomb

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  David

  	
   

  	
  Nelson

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  David

  	
   

  	
  Yerusalimsky

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Carolyn

  	
   

  	
  Scott

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Joe

  	
   

  	
  Zeigler

  	
   

  	
  29,867

  	
   

  	
  $

  	
  1.00

  	
   

  	
  37,148

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Rad

  	
   

  	
  Kessler

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Michael

  	
   

  	
  Rubin

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Russell

  	
   

  	
  Baker

  	
   

  	
  38,074

  	
   

  	
  $

  	
  1.00

  	
   

  	
  47,356

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  6/12/2006

  	
   

  	
  6/12/2016

  	
   

  	
  Chris

  	
   

  	
  Greenawalt

  	
   

  	
  13,286

  	
   

  	
  $

  	
  1.00

  	
   

  	
  16,525

  	
   

  	
  $

  	
  0.80

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  1,238,102

  	
   

  	
   

  	
   

  	
  1,539,937

  	
   

  	
   

  	
   

  

 

 

 

EXHIBIT 2.5

 

FINANCIAL STATEMENTS OF TRITON

 

 

EXHIBIT 3.5

 

FINANCIAL STATEMENTS OF
PETRAMERICA

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]