Document:

Filed by sedaredgar.com - Maverick Minerals Corp. - Exhibit 10.2

THIS LOAN AGREEMENT (the “Loan Agreement”) is
dated as of the 13th day of February, 2009

AMONG:

MAVERICK MINERALS CORPORATION,
a Nevada corporation with an address for business at 2501 Lansdowne Ave,
Saskatoon, Saskatchewan, Canada, S7J 1H3 

(the “Borrower”)

AND:

SENERGY PARTNERS LLC, a limited
liability company with an address for business at 2245 N. Green Valley Pkwy,
Ste. 429, Henderson, Nevada 89014

(the “Lender”)

WHEREAS:

A. The Lender has agreed to establish in favour of the Borrower
a revolving loan for in the aggregate amount of up to $1,000,000 (the
“Loan”), subject to, among other things, the execution and delivery of
this Loan Agreement; and

B. The Lender and Borrower are entering into this Loan
Agreement to provide for the terms of the Loan established in favour of the
Borrower.

THEREFORE, for value received, and intending to be
legally bound by this Loan Agreement, the parties agree as follows:

ARTICLE 1 
DEFINED TERMS

1.1 Defined Terms

     In this Loan Agreement, unless
something in the subject matter or context is inconsistent therewith:

	 	(a) 	
      “Advance” means an advance on account of the
      Loan;

	 	 	 
	 	(b) 	
      “Applicable Law” means all public laws, statutes,
      ordinances, decrees, judgments, codes, standards, acts, orders, by-laws,
      rules, regulations, official body consents, permits, binding policies and
      guidelines, and requirements of any Governmental Authority, which now or
      hereafter may be lawfully applicable to and enforceable against the
      Borrower or its property or any part thereof.

	 	 	 
	 	(c) 	
      “Borrower” means Maverick Minerals
    Corporation.

	 	 	 
	 	(d) 	
      “Business Day” means a day of the year, other than
      Saturday or Sunday, on which banks are open for business in Saskatoon,
      Saskatchewan.

	 	(e) 	
      “Closing Date” means February 13th, 2009 or such
      later date as agreed by the Lender and the Borrower.

	 	 	 
	 	(f) 	
      “Debt Settlement Agreement” means the debt
      settlement agreement dated as of February 10th, 2009 between
      the Borrower and the Lender attached as Schedule “B” hereto;

	 	 	 
	 	(g) 	
      “Encumbrances” means and includes any mortgage,
      charge, hypothec, privilege, pledge, security interest, lien, claim and
      encumbrance of any nature whatsoever or howsoever arising in respect of or
      affecting any Property, and includes any renewals or extensions thereof,
      which is not effectually postponed, subordinated or waived in favour of
      the indebtedness and liability from time to time in respect of the
      Loans.

	 	 	 
	 	(h) 	
      “Event of Default” has the meaning defined in
      Section 7.1.

	 	 	 
	 	(i) 	
      “GAAP” means generally accepted accounting
      principles in effect from time to time in the United States.

	 	 	 
	 	(j) 	
      “Governmental Authority” means, when used with
      respect to any person, any government, parliament, legislature, regulatory
      authority, agency, tribunal, department, commission, board,
      instrumentality, court, arbitration board, or arbitrator or other law,
      regulation or rule making entity (including a Minister of the Crown, any
      central bank, Superintendent of Financial Institutions or other comparable
      authority or agency) having or purporting to have jurisdiction on behalf
      of, or pursuant to the laws of, Canada or any country in which such person
      is incorporated or otherwise created or established or in which such
      person has any Property or carries on business, or any province,
      territory, state, municipality, district or political subdivision of any
      such country or of any such province, territory or state of such
      country.

	 	 	 
	 	(k) 	
      “Interest Rate” means 8% per annum calculated and
      compounded monthly, not in advance as well after as before maturity,
      default and judgment on the outstanding daily balance of the Loan based on
      the number of days elapsed in a 365 day year;

	 	 	 
	 	(l) 	
      “Lender” means Senergy Partners LLC.

	 	 	 
	 	(m) 	
      “Loan” means the revolving loan in the maximum
      principal amount of $1,000,000.

	 	 	 
	 	(n) 	
      “Maturity Date” means December 31, 2012, unless
      sooner determined due to the occurrence of an Event of Default;

	 	 	 
	 	(o) 	
      “Material Adverse Effect” means a material adverse
      effect (or a series of adverse effects, none of which is material in and
      of itself but which, cumulatively, (i) constitutes a material adverse
      change in the business, operations, financial condition or properties of
      the Borrower taken as a whole; (ii) that materially impairs the ability of
      the Borrower to timely and fully perform its obligations under the Loan
      Agreement, or (iii) that materially impairs the ability of the Lender to
      enforce its rights and remedies under this Loan Agreement.

	 	 	 
	 	(p) 	
      “Obligations” means all obligations of the
      Borrower to the Lender under or in connection with this Loan Agreement,
      including but not limited to all debts and liabilities, present or future,
      direct or indirect, absolute or contingent at any time owing by the
      Borrower to the Lender or remaining unpaid by the Borrower to the Lender
      or in

	 		
      connection with this Loan Agreement, whether arising from
      dealings between the Lender and the Borrower or from any other dealings or
      proceedings by which the Lender may be or become in any manner whatever a
      creditor of the Borrower under or in connection with this Loan Agreement,
      and wherever incurred, and whether incurred by the Borrower alone or with
      another or others and whether as principal or surety, and all interest,
      fees, legal and other costs, charges and expenses.

	 	 	 
	 	(q) 	
      “Permits” means licenses, authorizations,
      consents, certificates, registrations, exemptions, permits and other
      approvals, obtained from or required by a Governmental
Authority.

	 	 	 
	 	(r) 	
      “Permitted Encumbrances” means, with respect to
      any Person, the following:

	 	(i) 	
      Encumbrances for taxes, rates, assessments or other
      charges of Governmental Authorities, charges or levies not yet due, or for
      which instalments have been paid based on reasonable estimates pending
      final assessments, or if due, the validity of which is being contested
      diligently and in good faith by appropriate proceedings by that person and
      for which adequate reserves have been established in accordance with
      GAAP;

	 	 	 
	 	(ii) 	
      undetermined or inchoate Encumbrances, rights of distress
      and charges incidental to current operations which have not at such time
      been filed or exercised and of which none of the Lender has been given
      notice, or which relate to obligations not due or payable or if due, the
      validity of which is being contested diligently and in good faith by
      appropriate proceedings by that person;

	 	 	 
	 	(iii) 	
      to the extent a security interest is constituted or
      created thereby, any right of first refusal in favour of any person
      granted in the ordinary course of business with respect to the properties
      of the Borrower, which in the aggregate do not detract materially from the
      value of any part of the Property of the Borrower or its use in the
      operations of the Borrower;

	 	 	 
	 	(iv) 	
      any interest of a third party under any pooling, unit
      development, overriding royalty, net profits interest, carried interest,
      reversionary interest or operating agreement affecting mineral or other
      natural resource rights entered into in the ordinary course of business
      between arm’s length third parties on reasonable commercial terms;
    and

	 	 	 
	 	(v) 	
      other Encumbrances expressly agreed to in writing by the
      Lender,

	 		
      provided that nothing in this definition or this Loan
      Agreement shall (A) be construed as evidencing an intention or agreement
      on the part of the Lender that the Obligations hereunder be or have been
      subordinated to any such Permitted Encumbrance, or (B) cause any such
      subordination to occur.

	 	 	 
	 	(s) 	
      “Person” means and includes an individual, a
      partnership, a joint venture, a corporation, a limited liability company,
      a trust, an unincorporated organization and a government or any department
      or agency thereof;

	 	 	 
	 	(t) 	
      “Property” means, with respect to any person, any
      or all of its undertaking, property and
assets.

	 	(u) 	
      “Securities Laws” means all applicable securities
      laws in the relevant jurisdictions and the respective regulations made
      thereunder, together with applicable published fee schedules, prescribed
      forms, policy statements, orders, blanket rulings and other regulatory
      instruments of the securities regulatory authorities in such
      jurisdictions.

	 	 	 
	 	(v) 	
      “Security Documents” means the security documents
      set out in Section<*> to this Agreement and any other security
      document from time to time taken by the Lender from the Borrower as
      security for the payment, observance and performance of the Loan in whole
      or in part;

	 	 	 
	 	(w) 	
      “Taxes” means all taxes, levies, imposts, stamp
      taxes, duties, deductions, withholdings and similar governmental
      impositions payable, levied, collected, withheld or assessed as of the
      date of this Loan Agreement or at any time in the future, and “Tax”
      shall have a corresponding meaning.

	 	 	 
	 	(x) 	
      “Loan Agreement”, “Agreement”,
      “hereof”, “herein”, “hereto”, “hereunder” or
      similar expressions mean this Loan Agreement and any Schedules hereto, as
      amended, supplemented, restated and replaced from time to time.

	 	 	 
	 	(y) 	
      “$”, “US Dollars” and “USD$” mean
      lawful money of the United States.

1.2 Headings and Table of Contents

     The headings of the Articles,
Sections, subsections and paragraphs hereof and the Table of Contents are
inserted for convenience of reference only and shall not affect the construction
or interpretation of this Loan Agreement.

1.3 Accounting Terms

     Each accounting term used in this
Loan Agreement, unless otherwise defined or interpreted herein, has the meaning
assigned to it under GAAP.

1.4 Number, Gender, Contractual Instruments

     Unless the context otherwise
requires, words importing the singular number shall include the plural and vice
versa and words importing any gender include all genders. References to Loan
Agreement shall be deemed to include all present or future amendments,
supplements, restatements or replacements thereof or thereto.

ARTICLE 2 
LOAN

2.1 Amount

     Upon and subject to the terms and
conditions of this Loan Agreement, the Lender hereby irrevocably agrees to
immediately establish the Loan for the use and benefit of the Borrower.

2.2 Purpose

     The Loan will be made available
to the Borrower for the purposes set out in Schedule “A” hereto and for no other
purpose without the prior written consent of the Lender.

2.3 Time and Place of Payments

     Unless otherwise expressly
provided herein, the Borrower shall make all payments pursuant to this Agreement
or pursuant to any document, instrument or agreement delivered pursuant hereto
by delivery of a cheque or wire transfer to the Lender before 1:00 p.m.
(Saskatoon time) on the day specified for payment. Any such payment received on
the day specified for such payment but after 1:00 p.m. (Saskatoon time) thereon
shall be deemed to have been received prior to 1:00 p.m. (Saskatoon time) on the
Business Day immediately following such day specified for payment.

2.4 Debt Settlement Agreement

     In consideration of the Lender
entering into this Loan Agreement, the Borrower has agreed to enter into the
Debt Settlement Agreement.

ARTICLE 3
PAYMENTS, PREPAYMENTS AND
INTEREST

3.1 Evidence of Indebtedness

     The Obligations resulting from
the Loan, including all payments of interest and payments of principal by the
Borrower, shall be evidenced by records maintained by the Lender. The records
maintained by the Lender shall constitute, in the absence of manifest error,
prima facie evidence of the Obligations and all details relating thereto. The
failure of the Lender to correctly record any such amount or date shall not,
however, adversely affect the obligation of the Borrower to pay the Obligations
in accordance with this Loan Agreement.

3.2 Term and Repayment

     The outstanding principal amount
of the Loan together with all accrued and unpaid interest and all other amounts
outstanding hereunder shall become due and payable in full on the Maturity Date
unless sooner determined by the Lender due to the occurrence of an Event of
Default.

3.3 Voluntary Prepayments

     Subject to giving the Lender not
less than 10 Business Days’ prior written notice, the Borrower may from time to
time prepay the Loans in whole or in part without penalty.

3.4 Interest

     The outstanding daily principal
balance of the Loan will bear interest at the applicable Interest Rate until
paid in full.

ARTICLE 4 
REPRESENTATIONS AND WARRANTIES

4.1 Representations and Warranties of the Borrower

     The Borrower represents and
warrants to the Lender as specified below.

	 	(a) 	Corporate and Securities Matters
  

	 	(i) 	
      Due Incorporation, Etc. The Borrower is
      incorporated under the laws of the state of Nevada and is a corporation
      duly incorporated and organized and validly subsisting under the laws of
      the jurisdiction of its incorporation and is duly qualified, registered or
      licensed in all jurisdictions where such qualification, registration or
      licensing is required to the extent that it is material. The Borrower has
      all requisite corporate capacity, power and authority to own, hold under
      licence or lease its properties, to carry on its business as now conducted
      and as proposed to be conducted and to otherwise enter into, and carry out
      the transactions contemplated by this Loan Agreement.

	 	 	 
	 	(ii) 	
      Due Authorization. The entering into and the
      performance by the Borrower of this Loan Agreement (i) has been duly
      authorized by all necessary corporate action on its part, (ii) do not and
      will not violate its constating documents, any Applicable Law, any Permit
      or any Contract to which it is a party, and (iii) will not result in the
      creation of any Encumbrance on any of its Property, will not require it to
      create any Encumbrance on any of its Property and will not result in the
      forfeiture of any of its Property.

	 	 	 
	 	(iii) 	
      No Restrictions in Constating Documents. The
      execution, delivery and performance of this agreement and the consummation
      of the transactions contemplated herein and therein do not and will not
      conflict with, result in any breach or violation of, or constitute a
      default under, the terms, conditions or provisions of the constating
      documents or by-laws of, or any unanimous shareholder agreement or
      declaration relating to, the Borrower or of any law, regulation, judgment,
      decree or order binding on or applicable to the Borrower or by which the
      Borrower benefits or to which any of its property is subject or of any
      material agreement, lease, licence, permit or other instrument to which
      the Borrower is a party or is otherwise bound or by which the Borrower
      benefits or to which any of its property is subject and do not require the
      consent or approval of any other party or any governmental body, agency or
      authority.

	 	 	 
	 	(iv) 	
      Due Execution, Etc. The Loan Agreement have been
      or will be duly executed and delivered by it and constitute legal, valid
      and binding obligations enforceable against it in accordance with its
      respective terms, subject to the availability of equitable remedies and
      the effect of bankruptcy, insolvency and similar laws affecting the rights
      of creditors generally.

	 	(b) 	
      Ownership of Assets and Properties

	 	 	 
	 		
      The Borrower does not warrant title to its assets but
      represents and warrants that except for Permitted Encumbrances, the
      material assets of the Borrower are free and clear of any liens,
      royalties, production payments, charges, adverse claims, demands or
      encumbrances created by, through or under the
Borrower.

4.2 Representations and Warranties of the Lender

     The Lender represents and
warrants to the Borrower as specified below.

	 	(a) 	
      Corporate and Securities Matters

	 	 	 	 
	 		(i) 	
      Due Incorporation, Etc. The Lender is incorporated
      under the laws of the state of Nevada and is a limited liability
      corporation duly incorporated and organized

	 		
      and validly subsisting under the laws of the jurisdiction
      of its incorporation and is duly qualified, registered or licensed in all
      jurisdictions where such qualification, registration or licensing is
      required to the extent that it is material. The Lender has all requisite
      corporate capacity, power and authority to own, hold under licence or
      lease its properties, to carry on its business as now conducted and as
      proposed to be conducted and to otherwise enter into, and carry out the
      transactions contemplated by this Loan Agreement.

	 	 	 
	 	(ii) 	
      Due Authorization. The entering into and the
      performance by the Lender of this Loan Agreement (i) has been duly
      authorized by all necessary corporate action on its part, and (ii) do not
      and will not violate its constating documents, any Applicable Law, any
      Permit or any contract to which it is a party.

	 	 	 
	 	(iii) 	
      No Restrictions in Constating Documents. The
      execution, delivery and performance of this agreement and the consummation
      of the transactions contemplated herein and therein do not and will not
      conflict with, result in any breach or violation of, or constitute a
      default under, the terms, conditions or provisions of the constating
      documents or by-laws of, or any unanimous shareholder agreement or
      declaration relating to, the Lender or of any law, regulation, judgment,
      decree or order binding on or applicable to the Lender or by which the
      Lender benefits or to which any of its property is subject or of any
      material agreement, lease, licence, permit or other instrument to which
      the Lender is a party or is otherwise bound or by which the Lender
      benefits or to which any of its property is subject and do not require the
      consent or approval of any other party or any governmental body, agency or
      authority.

	 	 	 
	 	(iv) 	
      Due Execution, Etc. The Loan Agreement have been
      or will be duly executed and delivered by it and constitute legal, valid
      and binding obligations enforceable against it in accordance with its
      respective terms, subject to the availability of equitable remedies and
      the effect of bankruptcy, insolvency and similar laws affecting the rights
      of creditors generally.

4.3 Survival of Representations and Warranties

     Unless expressly stated to be
made as of a specific date, the representations and warranties made in this Loan
Agreement shall survive the execution of this Loan Agreement notwithstanding any
investigation made at any time by or on behalf of the Lender.

ARTICLE 5 
COVENANTS

5.1 Affirmative Covenants

     The Borrower hereby covenants and
agrees with the Lender that, until repayment in full by the Borrower to the
Lender of all Obligations and unless the Lender otherwise expressly consents in
writing, such consent not to be unreasonably withheld:

	 	(a) 	
      Prompt Payment

	 	 	 
	 		
      The Borrower shall duly and punctually pay or cause to be
      paid to the Lender all amounts payable under this Loan Agreement at the
      dates and places, in the currencies and in the manner mentioned
    herein.

	 	(b) 	
      Use of Proceeds

	 	 	 
	 		
      The Borrower shall apply all of the proceeds of the Loan
      for the purposes set out in Section 2.2 hereof.

5.2 Restrictive Covenants

     During the term of this Loan
Agreement, the Borrower shall not do any of the things specified in this Section
without the prior written consent of the Lender, which shall not be unreasonably
withheld.

	 	(a) 	
      Encumbrances

	 	 	 
	 		
      The Borrower shall not create, incur or assume or suffer
      to exist or cause or permit any Encumbrance upon or in respect of any of
      its material Property, except for Permitted Encumbrances.

	 	 	 
	 	(b) 	
      Limit on Senior Debt or Further Subordinate
      Debt

	 	 	 
	 		
      The Borrower shall not, without the prior written consent
      of the Lender, incur, assume or suffer to exist any indebtedness other
      than indebtedness to unsecured trade creditors which is incurred in the
      ordinary course of business.

ARTICLE 6 
CLOSING DELIVERIES

6.1 Closing Deliveries

     On or after the Closing Date, the
Borrower shall deliver to the Lender, in form and substance satisfactory to the
Lender upon request by the Lender, a resolution of the board of directors of the
Borrower authorizing the Borrower to execute, deliver and perform its
obligations under this Loan Agreement:

6.2 Waiver

     The terms and conditions of
Section 6.1 are inserted for the sole benefit of the Lender and the Lender may
waive them in whole or in part, with or without terms or conditions, in respect
of any extension of credit, without prejudicing the Lender’s right to assert
them in whole or in part in respect of any other extension of credit.

ARTICLE 7 
DEFAULT

7.1 Events of Default

     Each of the following events
shall constitute an Event of Default under this Loan Agreement:

	 	(a) 	
      the Borrower fails to pay any amount of principal when
      due; or

	 	 	 
	 	(b) 	
      the Borrower fails to pay any amount of interest when due
      or, to pay fees within five (5) Business Days of when due;
  or

	 	(c) 	
      the Borrower ceases or threatens to cease to carry on its
      business, except as expressly permitted in this Loan Agreement, or admits
      its inability or fails to pay its debts generally; or

	 	 	 
	 	(d) 	
      the Borrower becomes a bankrupt (voluntarily or
      involuntarily); or becomes subject to any proceeding seeking liquidation,
      arrangement, relief of creditors or the appointment of a receiver or
      trustee over, or any judgment or order which has or might have a Material
      Adverse Effect, and such proceeding, if instituted against the Borrower,
      or such judgment or order, is not contested diligently, in good faith and
      on a timely basis and dismissed or stayed within 30 days of its
      commencement or issuance; or

	 	 	 
	 	(e) 	
      if any representation or warranty made by the Borrower in
      this agreement or in any other document, agreement or instrument delivered
      pursuant hereto or referred to herein or any information furnished in
      writing to the Lender by the Borrower proves to have been incorrect in any
      material respect when made or furnished, and such Event of Default, to the
      extent curable, has not been cured within ten (10) Business Days after
      written notice to do so has been given by the Lender to the Borrower;
      or

	 	 	 
	 	(f) 	
      the breach or failure of due observance or performance by
      the Borrower of any covenant or provision of this Loan Agreement, other
      than those heretofore dealt with in this Section 7.1 or of any other
      document, agreement or instrument delivered pursuant hereto or referred to
      herein which is not remedied by the Borrower within ten (10) Business Days
      after written notice to do so has been given by the Lender to the
      Borrower, unless permitted to do so by the Lender.

7.2 Acceleration and Termination of Rights

     If any Event of Default occurs,
the Lender may give notice to the Borrower declaring the Obligations or any of
them to be forthwith due and payable, whereupon they shall become and be
forthwith due and payable without presentment, demand, protest or further notice
of any kind, all of which are hereby expressly waived by the Borrower.

7.3 Remedies

     Upon the occurrence of any event
by which any of the Obligations become due and payable under Section 7.2, the
Lender may take such action or proceedings on behalf of the Lender and in
compliance with Applicable Law as the Lender in its sole discretion deems
expedient to enforce the same, all without any additional notice, presentment,
demand, protest or other formality, all of which are hereby expressly waived by
the Borrower.

7.4 Remedies Cumulative

     The rights and remedies of the
Lender under the Loan Agreement are in addition to and not in substitution for
any rights or remedies provided by law. Any single or partial exercise by the
Lender of any right or remedy for a default or breach of any term, covenant,
condition of the Loan Agreement herein contained shall not be deemed to be a
waiver of or to alter, affect, or prejudice any other right or remedy or other
rights or remedies to which the Lender may be lawfully entitled for the same
default or breach. Any waiver by the Lender of the strict observance,
performance or compliance with any term, covenant, condition or Loan Agreement
herein contained, and any indulgence granted by the Lender shall be deemed not
to be a waiver of any subsequent default.

ARTICLE 8 
SECURITY

8.1 As security for payment, observance and performance of the
Borrower’s Obligations, the Borrower agrees to execute and deliver (and cause
each Other Obligant to execute and deliver), inter alia, the following
documents (collectively, the “Security Documents”) in a form and manner
satisfactory to the Lender and the Lender’s solicitors such security as the
Lender may reasonably require from time to time. Each Security Document is given
as additional, concurrent and collateral security to the remainder of the
Security Documents and will not operate to merge novate or discharge the
Borrower’s Indebtedness or any of the other Security Documents. The execution
and delivery of each Security Document will not in any way suspend or affect the
present or future rights and remedies of the Lender in respect of the Borrower’s
Indebtedness, or the other Security Documents. No action or judgment taken by
the Lender in respect of any of the Security Documents or with respect to the
Borrower’s Indebtedness will affect the liability of the Borrower hereunder and
nothing but the actual payment in full by the Borrower to the Lender of the
Borrower’s Indebtedness will discharge the Borrower or any of the Security
Documents.

ARTICLE 9
CONDITIONS PRECEDENT TO EACH ADVANCE
UNDER THE LOAN

9.1 The Lender’s obligation to make any Advance is subject to
the following conditions precedent having been met to the Lender’s sole
satisfaction or waived by the Lender in writing at the time of that Advance,
namely:

	 	(a) 	
      the Lender having received a properly executed original
      of this Loan Agreement and any Security Documents then in
effect;

	 	 	 
	 	(b) 	
      the Borrower’s representations and warranties contained
      herein and in the Security Documents then in effect then being true and
      correct in all material respects;

	 	 	 
	 	(c) 	
      the Borrower having entered into the Debt Settlement
      Agreement with the Lender in substantially the form attached hereto as
      Schedule “B”;

	 	 	 
	 	(d) 	
      there then being no outstanding Default or Event of
      Default and no outstanding condition, event or act which with or without
      the giving of notice could become an Event of Default; and

	 	 	 
	 	(e) 	
      there then being no outstanding condition, event or act
      which has had or would reasonably be expected to have a Material Adverse
      Effect.

ARTICLE 10 
MISCELLANEOUS PROVISIONS

10.1 Amendment, Supplement or Waiver

     Any amendment or supplement to
this Loan Agreement shall require the written consent of the other parties. No
waiver or act or omission of the Borrower or the Lender, or any of them, shall
extend to or be taken in any manner whatsoever to affect any subsequent Event of
Default or breach by a party of any provision of this Loan Agreement or the
rights resulting thereof.

10.2 Governing Law

     The Loan Agreement shall be
conclusively deemed to be a contract made under, and shall for all purposes be
governed by and construed in accordance with, the laws of the Province of
Saskatchewan. Each party to this Loan Agreement hereby irrevocably and
unconditionally attorns and submits to the non-exclusive jurisdiction of the
courts of Saskatchewan and all courts competent to hear appeals therefrom.

10.3 Address for Notice

     Unless otherwise provided in this
Loan Agreement, all notices, consents, acknowledgements, directions,
resolutions, waivers and other communications required or permitted to be given
under this Loan Agreement shall be in writing and shall be sent by overnight
courier service, facsimile or other means of electronic mail transfer, or
personal delivery, addressed to the party for whom it is intended as
follows:

	 	(a) 	if to the Borrower:
  
	 	  	 	  
	 	  	 	
      Maverick Minerals Corporation 

	 		 	
       2501 Lansdowne Ave  

	 	  	 	
      Saskatoon, Saskatchewan 

	 	  	 	
      S7J 1H3 

	 	  	 	
       

	 		 	
       Attention: R. Kinloch  

	 	  	 	
      Facsimile No.: (306) 343-0888 

	 	  	 	
       

	 	  	with a copy to: 
	 	  	 	
       

	 	  	 	
      Clark Wilson LLP 

	 	  	 	
      800 – 855 West Georgia Street 

	 	  	 	
      Vancouver, British Columbia 

	 	  	 	
      V6C 3H1 

	 	  	 	
       

	 	  	 	
      Attention: Conrad Y. Nest 

	 	  	 	
      Facsimile No.: (604) 687 6314 

	 	  	 	
       

	 	(b) 	if to the Lender:

	 	  	 	
       

	 	  	 	
      SENERGY PARTNERS LLC. 

	 	  	 	
      2245 N. Green Valley Pkwy, Ste. 429 

	 		 	
       Henderson, Nevada  

	 	  	 	
      89014 

	 	  	 	
       

	 		 	
       Attention: Donna Rose  

	 	  	 	
      Facsimile No.: (208) 330-7137 

	 	  	 	
       

	 	  	with a copy to:
  

DAVID P. STEINER
David
Steiner & Associates PLC 
1925 Century Park E Ste 2350 
Los Angeles,
CA 90067-2737

Attention: David Steiner 
Facsimile
No.: (310) 556-0336

or such other address most recently specified by such party by
notice given in accordance with this Section 10.3 to the party hereto giving the
notice or written communication. Any notice, demand or communication pursuant to
or relating to this Loan Agreement shall be conclusively deemed to be given and
received, if delivered, on the day on which it is delivered to the address of
the party to be notified or, if given by facsimile or other similar form of
telecommunication, on the next Business Day following such transmission.

10.4 Time of the Essence

     Time shall be of the essence of
this Loan Agreement.

10.5 Further Assurances

     The parties hereto shall do all
such further acts and execute and deliver all such further documents as may be
necessary or desirable in order to fully perform and carry out the purpose and
intent of the Loan Agreement.

10.6 Counterparts and Facsimile

     This Loan Agreement may be
executed in any number of counterparts, each of which when executed and
delivered shall be deemed to be an original, and such counterparts together
shall constitute one and the same Loan Agreement. For the purposes of this
Section, the delivery of a facsimile copy of an executed counterpart of this
Loan Agreement shall be deemed to be valid execution and delivery of this Loan
Agreement.

10.7 Entire Loan Agreement

     This Loan Agreement constitutes
the entire Loan Agreement between the parties hereto concerning the matters
addressed in this Loan Agreement, and cancel and supersede any prior agreements,
undertakings, declarations or representations, written or verbal, in respect
thereof.

10.8 Independent Legal Advice

     The parties hereto each
represent, warrant and agree that each has received independent legal advice
from their respective attorneys with respect to the terms of the Loan Agreement
and with respect to the advisability of entering into this Loan Agreement. 

10.9 Successors

     This Loan Agreement and any other
document referred to herein or therein shall be binding upon and inure to the
benefit of and be enforceable by Lender, Borrower and their respective
successors and assigns, except that Borrower may not assign its rights under
this Loan Agreement and any other document referred to herein or therein without
the prior written consent of Lender. Lender may, after notice to Borrower,
assign its rights and delegate its obligations under this Loan Agreement and
further may assign, or sell participations in, all or any part of the Loan or
any other interest herein to another person, in which event, the assignee or
participant shall have, to the extent of such assignment or participation, the
same rights and benefits as it would have if it were the Lender hereunder,
except as otherwise provided by the terms of such assignment or
participation.

     WITNESS OF WHICH, the
parties have executed this Loan Agreement as at the day first written above.

MAVERICK MINERALS
CORPORATION

 

	 	By:
      
	 	       Authorized Signatory
    

SENERGY PARTNERS LLC

 

	 	By: 
	 	       Authorized Signatory
    

SCHEDULE A

Plan of Operation

Maverick Minerals Corporation (the “Company”) plans to continue
to evaluate joint venture opportunities and oil and gas development and
production prospects in West Texas and North West Texas and Saskatchewan. The
Company expects to continue its evaluation of joint venture production and
development opportunities in North West Texas. 

Based on the Company’s plan of operation outlined above, the
Company intends to use proceeds of the Loan for the following expenses during
the term of the Loan:

	Loan Purposes 
	General, Administrative and Corporate
      Expenses 
	
      Consulting and Due Diligence, Texas and Saskatchewan
    

	Professional Fees 
	Joint Venture Programs 

SCHEDULE B

Debt Settlement and Subscription AgreementFiled by sedaredgar.com - Maverick Minerals Corp. - Exhibit 10.3

THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE AND
HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND, ACCORDINGLY, MAY
NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A
TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT
AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS.

DEBT SETTLEMENT AND SUBSCRIPTION AGREEMENT

THIS DEBT SETTLEMENT AND SUBSCRIPTION AGREEMENT (the
"Agreement") made as of the 13th day of February, 2009.

	BETWEEN: 	
      Maverick Minerals Corporation (the "Company") a Nevada
      corporation with an address for business at 2501 Lansdowne Ave, Saskatoon,
      Saskatchewan, Canada, S7J 1H3 

	  	
       

	AND: 	
      Senergy Partners LLC (the "Subscriber"), a limited
      liability company with an address for business at 2245 N. Green Valley
      Pkwy, Ste. 429, Henderson, Nevada 89014 

WHEREAS:

A. The Subscriber made unsecured loans totalling an aggregate
of $447,500 to the Company (the “Outstanding Amount”); and

B. The Subscriber has agreed to accept 89,500,000 shares of the
  Company’s common stock at a deemed price of $0.005 per share (the “Shares”),
  as payment of the Outstanding Amount pursuant to the terms and conditions set
  forth in this Agreement.

NOW THEREFORE THIS AGREEMENT witnesses that, for good and
valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

1. Interpretation

1.1 In this Agreement, words importing the singular number only
shall include the plural and vice versa, words importing gender shall include
all genders and words importing persons shall include individuals, corporations,
partnerships, associations, trusts, unincorporated organizations, governmental
bodies and other legal or business entities of any kind whatsoever.

1.2 Any reference to currency is to the currency of the United
States of America unless otherwise indicated.

2. Acknowledgement of Indebtedness

2.1 The Company and the Subscriber acknowledge and agree that
the Company is indebted to the Subscriber in the amount of the Outstanding
Amount.

- 2 -

3. Payment of Indebtedness

3.1 As full and final payment of the Outstanding Amount, the
Company will on the Closing Date (as defined herein) issue to the Subscriber the
Shares, as fully paid and non-assessable, and the Subscriber will accept the
Shares as full and final payment of the Outstanding Amount.

4. Release

4.1 The Subscriber hereby agrees that upon delivery of the
Shares by the Company in accordance with the provisions of this Agreement, the
Outstanding Amount will be fully satisfied and extinguished, and the Subscriber
will remise, release and forever discharge the Company and its respective
directors, officers, affiliates, employees, successors, solicitors, agents and
assigns from any and all obligations relating to the Outstanding Amount.

5. Documents Required from Subscriber

5.1 The Subscriber must complete, sign and return to the
Company two (2) executed copies of this Agreement.

5.2 The Subscriber must complete, sign and return to the
Company’s lawyers an executed copy of this Subscription Agreement, the
Accredited Investor Questionnaires attached hereto as Schedule A (the
“Questionnaires”) and any other schedules attached hereto or
requested by the Company, acting reasonably. These should be sent by courier
to:

Clark Wilson LLP 
800-885 W Georgia Street 
Vancouver,
B.C. Canada V6C 3H1 
Attention: Virgil Hlus 
Telephone: 604.687.5700

5.3 The Subscriber shall complete, sign and return to the
Company as soon as possible, on request by the Company, any documents, notices
and undertakings as may be required by regulatory authorities, stock exchanges
and applicable law.

6. Closing

6.1 Closing of the offering of the Shares (the "Closing") shall
occur on or before February 13, 2009, or on such other date as may be determined
by the Company (the "Closing Date").

7. Acknowledgements of Subscriber

7.1 The Subscriber acknowledges and agrees that:

	 	(a) 	
      none of the Shares have been or will be registered under
      the Securities Act of 1933 (the “1933 Act”), or under any state securities
      or "blue sky" laws of any state of the United States, and, unless so
      registered, may not be offered or sold in the United States or, directly
      or indirectly, to U.S. Persons, as that term is defined in Regulation S
      under the 1933 Act ("Regulation S"), except pursuant to an effective
      registration statement under the 1933 Act, or pursuant to an exemption
      from, or in a transaction not subject to, the registration requirements of
      the 1933 Act and in each case only in accordance with applicable
      securities laws;

- 3 -

	 	(b) 	
      the Company has not undertaken, and will have no
      obligation, to register any of the Shares under the 1933 Act or any other
      applicable securities legislation;

	 	 	 
	 	(c) 	
      the Subscriber has received and carefully read this
      Agreement;

	 	 	 
	 	(d) 	
      the decision to execute this Agreement and acquire the
      Shares hereunder has not been based upon any oral or written
      representation as to fact or otherwise made by or on behalf of the Company
      and such decision is based entirely upon a review of any public
      information which has been filed by the Company with the Securities and
      Exchange Commission ("SEC") in compliance, or intended compliance, with
      applicable securities legislation;

	 	 	 
	 	(e) 	
      the Subscriber and the Subscriber’s advisor(s) have had a
      reasonable opportunity to ask questions of and receive answers from the
      Company in connection with the issuance of the Shares hereunder, and to
      obtain additional information, to the extent possessed or obtainable by
      the Company without unreasonable effort or expense;

	 	 	 
	 	(f) 	
      upon the issuance thereof, and until such time as the
      same is no longer required under the applicable securities laws and
      regulations, the certificates representing any of the Shares will bear a
      legend in substantially the following form:

	 	 	 
	 		
      THESE SECURITIES HAVE NOT BEEN REGISTERED WITH THE
      SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
      STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION
      UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND,
      ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
      AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE
      REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH
      APPLICABLE STATE SECURITIES LAWS.

	 	 	 
	 	(g) 	
      the Subscriber has been advised to consult the
      Subscriber's own legal, tax and other advisors with respect to the merits
      and risks of an investment in the Shares and with respect to applicable
      resale restrictions, and it is solely responsible (and the Company is not
      in any way responsible) for compliance with applicable resale
      restrictions;

	 	 	 
	 	(h) 	
      none of the Shares are listed on any stock exchange or
      automated dealer quotation system and no representation has been made to
      the Subscriber that any of the Shares will become listed on any stock
      exchange or automated dealer quotation system, except that currently
      certain market makers make market in the shares of common stock of the
      Company on the Financial Industry Regulatory Authority's Over-the-Counter
      Bulletin Board;

	 	 	 
	 	(i) 	
      neither the SEC nor any other securities commission or
      similar regulatory authority has reviewed or passed on the merits of the
      Shares;

	 	 	 
	 	(j) 	
      no documents in connection with the sale of the Shares
      hereunder have been reviewed by the SEC or any state securities
      administrators;

	 	 	 
	 	(k) 	
      there is no government or other insurance covering any of
      the Shares;

- 4 -

	 	(l) 	
      the issuance and sale of the Shares to the Subscriber
      will not be completed if it would be unlawful or if, in the discretion of
      the Company acting reasonably, it is not in the best interests of the
      Company; and

	 	 	 
	 	(m) 	
      this Agreement is not enforceable by the Subscriber
      unless it has been accepted by the Company.

8. Representations, Warranties and Covenants of
the Subscriber

8.1 The Subscriber hereby represents and warrants to and
covenants with the Company (which representations, warranties and covenants
shall survive the Closing) that:

	 	(a) 	
      the Subscriber is a U.S. resident;

	 	 	 
	 	(b) 	
      the Subscriber is aware that an investment in the Company
      is speculative and involves certain risks, including the possible loss of
      the entire investment;

	 	 	 
	 	(c) 	
      the Subscriber has made an independent examination and
      investigation of an investment in the Shares and the Company and has
      depended on the advice of its legal and financial advisors and agrees that
      the Company will not be responsible in any way whatsoever for the
      Subscriber's decision to invest in the Shares and the Company;

	 	 	 
	 	(d) 	
      the Subscriber: (i) has adequate net worth and means of
      providing for its current financial needs and possible personal
      contingencies, (ii) has no need for liquidity in this investment, (iii) is
      able to fend for itself in the Subscription; (iv) has such knowledge and
      experience in financial and business matters as to be capable of
      evaluating the merits and risks of its investment in the Securities and
      the Company; and (v) has the ability to bear the economic risks of its
      prospective investment and can afford the complete loss of such
      investment;

	 	 	 
	 	(e) 	
      the Subscriber understands and agrees that the Company
      and others will rely upon the truth and accuracy of the acknowledgements,
      representations and agreements contained in this Agreement and agrees that
      if any of such acknowledgements, representations and agreements are no
      longer accurate or have been breached, the Subscriber shall promptly
      notify the Company;

	 	 	 
	 	(f) 	
      the Subscriber has the legal capacity and competence to
      enter into and execute this Subscription Agreement and to take all actions
      required pursuant hereto and, if the Subscriber is a corporation, it is
      duly incorporated and validly subsisting under the laws of its
      jurisdiction of incorporation and all necessary approvals by its
      directors, shareholders and others have been obtained to authorize
      execution and performance of this Subscription Agreement on behalf of the
      Subscriber;

	 	 	 
	 	(g) 	
      if the Subscriber is a corporation or other entity, the
      entering into of this Subscription Agreement and the transactions
      contemplated hereby do not and will not result in the violation of any of
      the terms and provisions of any law applicable to, or the constating
      documents of, the Subscriber or of any agreement, written or oral, to
      which the Subscriber may be a party or by which the Subscriber is or may
      be bound;

	 	 	 
	 	(h) 	
      the Subscriber is an ‘accredited investor’ in the United
      States, as that term is defined in Rule 501 of Regulation D, promulgated
      by the SEC under the 1933 Act;

- 5 -

	 	(i) 	
      by completing the Questionnaires, the Subscriber is
      representing and warranting that it is an "accredited investor" as that
      term is defined in Regulation D of the 1933 Act and National Instrument
      45-106 - Prospectus and Registration Exemptions;

	 	 	 
	 	(j) 	
      the Subscriber is acquiring the Securities as principal
      for its own account for investment purposes only and not with a view to,
      or for, resale, distribution or fractionalisation thereof, in whole or in
      part, and no other person has a direct or indirect beneficial interest in
      the Securities;

	 	 	 
	 	(k) 	
      the decision to execute this Subscription Agreement and
      purchase the Shares has not been based upon any oral or written
      representation as to fact or otherwise made by or on behalf of the Company
      and such decision is based solely upon the Company’s public filings with
      the SEC.

	 	 	 
	 	(l) 	
      the Subscriber has duly executed and delivered this
      Agreement and it constitutes a valid and binding agreement of the
      Subscriber enforceable against the Subscriber in accordance with its
      terms;

	 	 	 
	 	(m) 	
      the Subscriber is not an underwriter of, or dealer in,
      the common shares of the Company, nor is the Subscriber participating,
      pursuant to a contractual agreement or otherwise, in the distribution of
      the Shares;

	 	 	 
	 	(n) 	
      the Subscriber is not a broker or a dealer in securities,
      nor is the Subscriber affiliated with any securities broker or
    dealer;

	 	 	 
	 	(o) 	
      the Subscriber understands and agrees not to engage in
      any hedging transactions involving any of the Shares unless such
      transactions are in compliance with the provisions of the 1933 Act and in
      each case only in accordance with applicable state and provincial
      securities laws;

	 	 	 
	 	(p) 	
      the Subscriber understands and agrees that the Company
      will refuse to register any transfer of the Shares not made in accordance
      with the provisions of Regulation S, pursuant to an effective registration
      statement under the 1933 Act or pursuant to an available exemption from
      the registration requirements of the 1933 Act;

	 	 	 
	 	(q) 	
      the Subscriber has the requisite knowledge and experience
      in financial and business matters as to be capable of evaluating the
      merits and risks of the investment in the Shares and the
Company;

	 	 	 
	 	(r) 	
      the Subscriber is not aware of any advertisement of any
      of the Shares and is not acquiring the Shares as a result of any form of
      general solicitation or general advertising including advertisements,
      articles, notices or other communications published in any newspaper,
      magazine or similar media or broadcast over radio or television, or any
      seminar or meeting whose attendees have been invited by general
      solicitation or general advertising; and

	 	 	 
	 	(s) 	
      no person has made to the Subscriber any written or oral
      representations,

	 	(i) 	
      that any person will resell or repurchase any of the
      Shares,

	 	 	 
	 	(ii) 	
      that any person will refund the purchase price of any of
      the Shares,

- 6 -

	 	(iii) 	
      as to the future price or value of any of the Shares,
      or

	 	 	 
	 	(iv) 	
      that any of the Shares will be listed and posted for
      trading on any stock exchange or automated dealer quotation system or that
      application has been made to list and post any of the Shares of the
      Company on any stock exchange or automated dealer quotation
  system.

8.2 In this Agreement, the term "U.S. Person" shall have the
meaning ascribed thereto in Regulation S.

9. Acknowledgement and Waiver

9.1 The Subscriber has acknowledged that the decision to
acquire the Shares was solely made on the basis of publicly available
information. The Subscriber hereby waives, to the fullest extent permitted by
law, any rights of withdrawal, rescission or compensation for damages to which
the Subscriber might be entitled in connection with the distribution of any of
the Shares.

10. Representations and Warranties will be Relied
Upon by the Company

10.1 The Subscriber acknowledges that the representations and
warranties contained herein and are made by it with the intention that such
representations and warranties may be relied upon by the Company and its legal
counsel in determining the Subscriber's eligibility to acquire the Shares under
applicable securities legislation, or (if applicable) the eligibility of others
on whose behalf it is contracting hereunder to acquire the Shares under
applicable securities legislation. The Subscriber further agrees that by
accepting delivery of the certificates representing the Shares on the Closing
Date, it will be representing and warranting that the representations and
warranties contained herein and are true and correct as at the Closing Date with
the same force and effect as if they had been made by the Subscriber on the
Closing Date and that they will survive the purchase by the Subscriber of Shares
and will continue in full force and effect notwithstanding any subsequent
disposition by the Subscriber of such Shares.

11. Resale Restrictions

11.1 The Subscriber acknowledges that any resale of the
Securities will be subject to resale restrictions contained in the securities
legislation applicable to the Subscriber or proposed transferee. The Subscriber
acknowledges that the Shares have not been registered under the 1933 Act of the
securities laws of any state of the United States. The Shares may not be offered
or sold in the United States unless registered in accordance with United States
federal securities laws and all applicable state and provincial securities laws
or exemptions from such registration requirements are available.

11.2 The Subscriber acknowledges that restrictions on the
transfer, sale or other subsequent disposition of the Shares by the Subscriber
may be imposed by securities laws in addition to any restrictions referred to in
Section 11.1 above, and, in particular, the Subscriber acknowledges and agrees
that none of the Shares may be offered or sold to a U.S. Person or for the
account or benefit of a U.S. Person (other than a distributor) prior to the end
of the Distribution Compliance Period.

12. Legending and Registration of Subject
Shares

12.1 The Subscriber hereby acknowledges that that upon the
issuance thereof, and until such time as the same is no longer required under
the applicable securities laws and regulations, the certificates representing
any of the Securities will bear a legend in substantially the following
form:

- 7 -

THESE SECURITIES HAVE NOT BEEN
REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES
COMMISSION OF ANY STATE AND HAVE BEEN ISSUED IN RELIANCE UPON AN EXEMPTION FROM
REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN
AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION
REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE
SECURITIES LAWS.

12.2 The Subscriber hereby acknowledges and agrees to the
Company making a notation on its records or giving instructions to the registrar
and transfer agent of the Company in order to implement the restrictions on
transfer set forth and described in this Agreement. The Subscriber acknowledges
that the Shares are subject to resale restrictions in Saskatchewan and may not
be traded in Saskatchewan except as permitted by the Securities Act
(Saskatchewan) (the “Act”) and the rules made thereunder.

12.3 Pursuant to National Instrument 45-102 – Resale of
Securities, as adopted by the Saskatchewan Financial Services Commission, a
subsequent trade in the Shares will be a distribution subject to the prospectus
and registration requirements of applicable Canadian securities legislation
(including the Act) unless certain conditions are met, which conditions include
a hold period (the "Canadian Hold Period") that shall have elapsed from the date
on which the Shares were issued to the Subscriber and, during the currency of
the Canadian Hold Period, any certificate representing the Shares is to be
imprinted with a restrictive legend (the "Canadian Legend").

12.4 By executing and delivering this Agreement, the Subscriber
will have directed the Company not to include the Canadian Legend on any
certificates representing the Shares to be issued to the Subscriber. As a
consequence, the Subscriber will not be able to rely on the resale provisions of
National Instrument 45-102, and any subsequent trade in any of the Shares during
or after the Canadian Hold Period will be a distribution subject to the
prospectus and registration requirements of Canadian securities legislation, to
the extent that the trade is at that time subject to any such Canadian
securities legislation.

12.5 The Subscriber acknowledges and agrees that all costs and
expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the purchase of the
Shares shall be borne by the Subscriber.

13. Collection of Personal Information

13.1 The Subscriber acknowledges and consents to the fact that
the Company is collecting the Subscriber's personal information for the purpose
of fulfilling this Agreement and completing this offering. The Subscriber's
personal information (and, if applicable, the personal information of those on
whose behalf the Subscriber is contracting hereunder) may be disclosed by the
Company to (a) stock exchanges or securities regulatory authorities, (b) the
Company's registrar and transfer agent, and (c) any of the other parties
involved in this offering, including legal counsel, and may be included in
record books in connection with this offering. By executing this Agreement, the
Subscriber is deemed to be consenting to the foregoing collection, use and
disclosure of the Subscriber's personal information (and, if applicable, the
personal information of those on whose behalf the Subscriber is contracting
hereunder) and to the retention of such personal information for as long as
permitted or required by law or business practice. Notwithstanding that the
Subscriber may be purchasing Shares as agent on behalf of an undisclosed
principal, the Subscriber agrees to provide, on request, particulars as 

- 8 -

to the identity of such undisclosed principal as may be
required by the Company in order to comply with the foregoing.

14. Costs

14.1 The Subscriber acknowledges and agrees that all costs and
expenses incurred by the Subscriber (including any fees and disbursements of any
special counsel retained by the Subscriber) relating to the acquisition of the
Shares shall be borne by the Subscriber.

15. Governing Law

15.1 This Agreement is governed by the laws of the State of
Nevada.

16. Survival

16.1 This Agreement, including without limitation the
representations, warranties and covenants contained herein, shall survive and
continue in full force and effect and be binding upon the parties hereto
notwithstanding the completion of the purchase of the Shares by the Subscriber
pursuant hereto.

17. Assignment

17.1 This Agreement is not transferable or assignable.

18. Execution

18.1 The Company shall be entitled to rely on delivery by
facsimile machine of an executed copy of this Agreement and acceptance by the
Company of such facsimile copy shall be equally effective to create a valid and
binding agreement between the Subscriber and the Company in accordance with the
terms hereof.

19. Severability

19.1 The invalidity or unenforceability of any particular
provision of this Agreement shall not affect or limit the validity or
enforceability of the remaining provisions of this Agreement.

20. Entire Agreement

20.1 Except as expressly provided in this Agreement and in the
agreements, instruments and other documents contemplated or provided for herein,
this Agreement contains the entire agreement between the parties with respect to
the sale of the Shares and there are no other terms, conditions, representations
or warranties, whether expressed, implied, oral or written, by statute or common
law, by the Company or by anyone else.

21. Notices

21.1 All notices and other communications hereunder shall be in
writing and shall be deemed to have been duly given if mailed or transmitted by
any standard form of telecommunication. Notices to the Subscriber shall be
directed to the address on page 11 and notices to the Company shall be directed
to the Company’s President at 2501 Lansdowne Ave, Saskatoon, Saskatchewan,
Canada, S7J 1H3.

- 9 -

22. Counterparts

22.1 This Agreement may be executed in any number of
counterparts, each of which, when so executed and delivered, shall constitute an
original and all of which together shall constitute one instrument.

IN WITNESS WHEREOF the Subscriber has duly executed this
Agreement as of the date first above mentioned.

DELIVERY INSTRUCTIONS

	1. 	
      Delivery - please deliver the certificates to:

	 	 
		
      SHAREHOLDER TO PICK-UP IN PERSON AT PACIFIC STOCK
      TRANSFER

	 	 
		
      500 E. WARM SPRINGS ROAD, LAS VEGAS, NV.

	 	 
	 	 
	2. 	
      Registration - registration of the certificates which are
      to be delivered at closing should be made as follows:

	 	 
		
      SENERGY PARTNERS LLC (name)

	 	 
		
      2245 N. Green Valley Pkwy, Ste. 429, Henderson, Nevada
      89014 (address)

	 	 
	3. 	
      The undersigned hereby acknowledges that it will deliver
      to the Company all such additional completed forms in respect of the
      Subscriber's purchase of the Shares as may be required for filing with the
      appropriate securities commissions and regulatory
  authorities.

	 	SENERGY PARTNERS LLC 
	 	(Name of Subscriber – Please type or print)
  
	 	 
	 	 
	 	
	 	(Signature and, if applicable, Office) 
	 	 
	 	 
	 	3111 Bell Air Drive D-14 
	 	(Address of Subscriber) 
	 	 
	 	 
	 	Las Vegas, NV. 89019 
	 	(City, State or Province, Postal Code of 
	 	Subscriber) 
	 	 
	 	 
	 	U.S.A 
	 	(Country of Subscriber)

- 10 -

A C C E P T A N C E

The above-mentioned Agreement in respect of the Shares is
hereby accepted by MAVERICK MINERALS CORPORATION

DATED at Saskatoon, the 10th day of February, 2009.

MAVERICK MINERALS CORPORATION

	Per:		 
	 	Authorized Signatory 	 

SCHEDULE A

U.S. ACCREDITED INVESTOR QUESTIONNAIRE

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the Subscription Agreement.

This Questionnaire is for use by each Subscriber who has
indicated an interest in purchasing common shares of Maverick Minerals
Corporation (the "Company"). The purpose of this Questionnaire is to
assure the Company that each Subscriber will meet the standards imposed by the
Securities Act of 1933 (the “1933 Act”) and an appropriate exemption from
applicable state securities laws. The Company will rely on the information
contained in this Questionnaire for the purposes of such determination. This
Questionnaire is not an offer of the shares or any other securities of the
Company in any state other than those specifically authorized by the
Company.

All information contained in this Questionnaire will be treated
as confidential. However, by signing and returning this Questionnaire, each
Subscriber agrees that, if necessary, this Questionnaire may be presented to
such parties as the Company deems appropriate to establish the availability,
under the 1933 Act or applicable state securities law, of an exemption from
registration in connection with the sale of shares of the Company.

The Subscriber covenants, represents and warrants to the
Company that it satisfies one or more of the categories of "Accredited
Investors", as defined in Rule 501 of Regulation D promulgated under the 1933
Act, as indicated below: (Please initial in the space provide those categories,
if any, of an "Accredited Investor" which the Subscriber satisfies):

			Category 1 	An organization described in Section
      501(c)(3) of the United States Internal Revenue Code, a corporation, a
      Massachusetts or similar business trust or partnership, not formed for the
      specific purpose of acquiring the Units, with total assets in excess of US
      $5,000,000; 
	 	 	 
	 	 	  	  
			Category 2 	A natural person whose individual net
      worth, or joint net worth with that person's spouse, on the date of
      purchase exceeds US $1,000,000; 
	 	 	  
	 	 	 	 
			Category 3 	A natural person who had an
      individual income in excess of US $200,000 in each of the two most recent
      years or joint income with that person's spouse in excess of US $300,000
      in each of those years and has a reasonable expectation of reaching the
      same income level in the current year; 
	 	 	 
	 	 	  	  
			Category 4 	A "bank" as defined under Section
      (3)(a)(2) of the 1933 Act or savings and loan association or other
      institution as defined in Section 3(a)(5)(A) of the 1933 Act acting in its
      individual or fiduciary capacity; a broker dealer registered pursuant to
      Section 15 of the Securities Exchange Act of 
	 	 	 

A-1

				
      1934 (United States); an insurance company as
      defined in Section 2(13) of the 1933 Act; an investment company registered
      under the Investment Company Act of 1940 (United States) or a
      business development company as defined in Section 2(a)(48) of such Act; a
      Small Business Investment Company licensed by the U.S. Small Business
      Administration under Section 301(c) or (d) of the Small Business
      Investment Act of 1958 (United States); a plan with total assets in
      excess of $5,000,000 established and maintained by a state, a political
      subdivision thereof, or an agency or instrumentality of a state or a
      political subdivision thereof, for the benefit of its employees; an
      employee benefit plan within the meaning of the Employee
      Retirement Income Security Act of 1974 (United States) whose
      investment decisions are made by a plan fiduciary, as defined in Section
      3(21) of such Act, which is either a bank, savings and loan association,
      insurance company or registered investment adviser, or if the employee
      benefit plan has total assets in excess of $5,000,000, or, if a self-
      directed plan, whose investment decisions are made solely by persons that
      are accredited investors; 

	 	 	  	
       

	 	 	Category 5 	
      A private business development company as defined in
      Section 202(a)(22) of the Investment Advisers Act of 1940 (United
      States); 

			
	 	 	  	
       

	 	 	Category 6 	
      A director or executive officer of the Company;

	 	 	  	
       

	 	 	Category 7 	
      A trust with total assets in excess of $5,000,000, not
      formed for the specific purpose of acquiring the Units, whose purchase is
      directed by a sophisticated person as described in Rule 506(b)(2)(ii)
      under the 1933 Act; 

			
	 	 	  	
       

	 	X 	Category 8 	
      An entity in which all of the equity owners satisfy the
      requirements of one or more of the foregoing categories; 

	 	 	  
	 	 	  	  
		
      Note that prospective Subscribers claiming to satisfy one
      of the above categories of Accredited Investor may be required to supply
      the Company with a balance sheet, prior years' federal income tax returns
      or other appropriate documentation to verify and substantiate the
      Subscriber's status as an Accredited Investor. 

If the Subscriber is an entity which initialled Category 8 in
reliance upon the Accredited Investor categories above, state the name, address,
total personal income from all sources for the previous calendar year, and the
net worth (exclusive of home, home furnishings and personal automobiles) for
each equity owner of the said entity: 

A-2

The Subscriber hereby certifies that the information contained
in this Questionnaire is complete and accurate and the Subscriber will notify
the Company promptly of any change in any such information. If this
Questionnaire is being completed on behalf of a corporation, partnership, trust
or estate, the person executing on behalf of the Subscriber represents that it
has the authority to execute and deliver this Questionnaire on behalf of such
entity.

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the 13th day of February, 2009.

	If a Corporation, Partnership or Other Entity: 	 	If an Individual: 
	  	 	  
	SENERGY PARTNERS LLC 	 	 
    
	Print or Type Name of Entity 	 	Signature 
	  	 	  
	  	 	  
		 	Print or Type Name 
	Signature of Authorized Signatory 	 	  
	  	 	  
	Limited Liability
      Corporation 	 	 
    
	Type of Entity 	 	Social Security/Tax I.D. Number 
	  	 	  
	310-463-1746 	 	 
    
	Contact Number/Telephone 	 	Jurisdiction of Incorporation

CANADIAN ACCREDITED INVESTOR QUESTIONNAIRE

All capitalized terms herein, unless otherwise defined, have
the meanings ascribed thereto in the subscription.

The purpose of this Questionnaire is to assure Maverick
Minerals Corporation (the "Company") that the Subscriber will meet
certain requirements of National Instrument 45-106 – Prospectus and
Registration Exemptions ("NI 45-106"). The Company will rely on the
information contained in this Questionnaire for the purposes of such
determination.

The Subscriber covenants, represents and warrants to the
Company that:

	 	1. 	
      The Subscriber has such knowledge and experience in
      financial and business matters as to be capable of evaluating the merits
      and risks of the transactions detailed in the subscription and the
      Subscriber is able to bear the economic risk of loss arising from such
      transactions;

	 	 	 
	 	2. 	
      The Subscriber satisfies one or more of the categories of
      "accredited investor" (as that term is defined in NI 45-106) indicated
      below (please check the appropriate box):

A-3

	 	[ ] 	
      (a) an individual registered or formerly registered under
      securities legislation in a jurisdiction of Canada, as a representative of
      a person or Company registered under securities legislation in a
      jurisdiction of Canada, as an adviser or dealer, other than a limited
      market dealer registered under the Securities Act (Ontario) or the
      Securities Act (Newfoundland);

	 	 	 
	 	[ ] 	
      (b) an individual registered or formerly registered under
      the securities legislation of a jurisdiction of Canada as a representative
      of a person referred to in paragraph (a);

	 	 	 
	 	[X] 	
      (c) an individual who either alone or with a spouse
      beneficially owns, directly or indirectly, financial assets (as defined in
      NI 45-106) having an aggregate realizable value that, before taxes but net
      of any related liabilities, exceeds CDN$1,000,000;

	 	 	 
	 	[ ] 	
      (d) an individual whose net income before taxes exceeded
      CDN$200,000 in each of the two more recent calendar years or whose net
      income before taxes combined with that of a spouse exceeded $300,000 in
      each of those years and who, in either case, reasonably expects to exceed
      that net income level in the current calendar year;

	 	 	 
	 	[ ] 	
      (e) an individual who, either alone or with a spouse, has
      net assets of at least CDN $5,000,000;

	 	 	 
	 	[ ] 	
      (f) a person, other than a person or investment fund,
      that had net assets of at least CDN$5,000,000 as reflected on its most
      recently prepared financial statements; and

	 	 	 
	 	[ ] 	
      (g) a person in respect of which all of the owners of
      interests, direct, indirect or beneficial, except the voting shares
      required by law are persons or companies that are accredited
    investors.

A-4

The Subscriber acknowledges and agrees that the Subscriber may
be required by the Company to provide such additional documentation as may be
reasonably required by the Company and its legal counsel in determining the
Subscriber's eligibility to acquire the Securities under relevant
legislation.

IN WITNESS WHEREOF, the undersigned has executed this
Questionnaire as of the 13 day of February, 2009.

	If an Individual: 	 	If a Corporation, Partnership or Other 
	Entity: 	 	  
	/s/ Donna Rose	 	SENERGY PARTNERS LLC 
	Signature 	 	Print or Type Name of Entity 
	  	 	  
	Print or Type Name 	 	Signature of Authorized Signatory 
	  	 	Limited Liability Corporation 
	  	 	Type of Entity 

A-5

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