Document:

ex10_4.htm

    Acquisition
&
Participation
      Agreement

    

    

    1.          On
      May 31, 2006, Texhoma Energy, Inc. entered into a number of
      participation agreements to purchase various oil and gas leases (“the Leases”)
      from Sunray Operating Company LLC (“Sunray” or the
“Operator”).

    

    2.          Vinoble
      Inc, a company incorporated in Delaware, USA (“Buyer” or “Participant”)
      agrees to purchase from Texhoma Energy, Inc. (“Seller” or “Texhoma”),
      individually or jointly referred to as the Party or Parties, specific interests
      in the Leases and secure participation in the further development of the Leases
      as detailed in Section 5 and Exhibit “A” (“the Properties”).

    

    3.          The
      agreed total consideration payable by Buyer to Seller for the Properties is
      two
      hundred ten thousand US dollars ($60,000) (the “Purchase Price”). The Purchase
      Price is compensation to Sunray and Texhoma for past investments in the property
      and promotion. The Buyer is further obliged to pay the Operator directly for
      its
      share of anticipated future investment in the Leases. The Buyer hereby agrees
      to
      tender to the Seller the Purchase Price as follows:

    

    

    
      	
               

            	
              (i)

            	
              On
                or before September 15, 2006 sixty thousand US dollars
                ($60,000).

            

    

    

    4.          The
      “Effective Date” shall be August 28, 2006 and the “Closing Date” of the sale and
      purchase shall be September 15, 2006. Closing shall occur at a mutually agreed
      location on the Closing Date. At Closing the Buyer shall tender, as hereinafter
      set forth, the part-Purchase Price detailed in Section 2 (ii). Simultaneously,
      Seller, as Assignor, shall execute and deliver to the Buyer two counterpart
      originals of an assignment or assignments conveying the Property to the Buyer
      as
      of the Effective Date. Buyer agrees to execute the assignment as Assignee
      therein. One set of the original and fully executed assignment shall be sent
      for
      recording in the relevant county in Texas immediately following Closing. Buyer
      shall retain the other set of the original executed assignment. Seller shall
      prepare and submit to Buyer for its review the proposed form of assignment
      at
      least 5 days prior to the Closing Date.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    5.          Buyer
      will acquire and participate as follows:

    

    
      	
               

            	
              (i)

            	
              A
                fifty five percent (55%) WI in the Manvel 2,000 ft Miocene Exploration
                prospect for $20,000; and

            

    

    
      	
               

            	
              (ii)

            	
              A
                fifty five percent (55%) WI in the Manvel 4,500 ft Oakville Development
                well for $40,000.

            

    

    

    6.          Buyer
      will acquire the Properties on the following conditions:

    

    
      	
               

            	
              (i)

            	
              Texhoma
                will be given the right to back-in for a 12.5% WI after Payout of
                the
                Investment. Payout is defined as the receipt by the Buyer of the
                equivalent of the Purchase Price and the Investment out of revenue
                distribution from the Operator;

            

    

    

    
      	
               

            	
              (ii)

            	
              Sunray
                will remain the Operator of record for the Leases. As the Operator,
                Sunray
                will provide monthly Lease Operating Reports detailing expenditure,
                investment, sales revenue and royalties paid on behalf of the Lease
                owners
                (Sunray, Texhoma and the Participant), accompanied by either a cash-call
                or a revenue distribution cheque, whichever the case may be; Buyer
                acknowledges that Sunray has the right to a one-eighth of eight-eights
                (12.5% of 8/8) at payout.

            

    

    

    
      	
               

            	
              (iii)

            	
              The
                Parties will enter into negotiations leading to the execution of
                a
                mutually agreeable Joint Operating Agreement (JOA) based on standard
                industry terms within 30 days of completion and closing of this
                Agreement.

            

    

    

    7.          Buyer,
      and its representatives, shall be entitled to conduct a due-diligence review
      of
      the Property at the sole risk and expense of Buyer. Such due-diligence review
      must be completed by Buyer not less than five days prior to Closing. Seller
      shall provide Buyer and its representatives access to all data pertaining to
      the
      Property. Buyer shall satisfy itself as to title and physical condition of
      the
      Properties including environmental condition.

    

    8.          All
      expenses incurred by Buyer in connection with or related to the submission
      of
      this offer, the contemplated transaction, and all other matters relevant to
      Closing, including without limitation, all fees and expenses of counsel,
      accountants and financial advisors employed by the Buyer shall be borne solely
      and entirely by Buyer.

    

    9.          Buyer
      and Seller agree that the terms and conditions of this Agreement as well as
      all
      data and information provided to Buyer by Seller shall be treated as
      confidential and shall not be disclosed to any third party without the prior
      written consent of the parties hereto, except as may be required by law. In
      the
      event Closing does NOT occur or this Agreement otherwise becomes null and void
      Buyer agrees to return to Seller any and all information regarding the Property
      that were provided to Buyer by Seller.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.          The
      Buyer of the Properties shall be based solely on the Buyer’s evaluation of the
      Property within the agreed period and Seller warrants no other disclosure.
      The
      election to complete the acquisition and funding of the Property shall reside
      in
      the sole election of the Buyer.

    

    11.          This
      Agreement shall be interpreted under the Laws of the State of
      Texas.

    

    12.          This
      Agreement and the exhibits hereto constitute the full and entire understanding
      and agreement between the Parties and no Party shall be liable or bound to
      any
      other in any manner by any representations, warranties, covenants and agreements
      except as specifically set forth herein.

    

    13.          The
      parties hereto agree to comply with any and all applicable laws, rules and
      regulations affecting the Properties and the contemplated
      transaction.

    

    

    Agreed
      to
      and accepted this 28th day of August, 2006

    

    for
      Buyer:

    

    Vinoble
      Inc.

     

    

    By:
      ____________________________________________

    Catherine
      Thompson,
      President

    

    

    Agreed
      to
      and accepted this 28th day of August, 2006

    

    for
      Seller:

    

    Texhoma
      Energy, Inc.

     

    

    By:
      ____________________________________________

    

    Max
      Maxwell, President &
CEO

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Exhibit
      “A”

    

    Attached
      to and made a part of that certain Agreement between Vinoble Inc, as Buyer,
      and
      Texhoma Energy, Inc., as Seller, regarding the purchase and sale of the
      hereinafter described “Properties.”

    

    The
      Properties:

    

    
      	
               

            	
              o

            	
              Manvel
                4,500’ Oakville Development
                Well.

            

    

    
      	
               

            	
              Leases
                covering approximately 60 acres of land in Brazoria County, Texas,
                for a
                total consideration of $40,000. Buyer will acquire an undivided 55%
                interest in the leases, subject to existing overriding royalty interest
                equal to 25% of 8/8.  Additionally, Sunray is entitled to a
                one-eight of eight-eights (12.50% of 8/8) working interest, proportionally
                reduced at payout.

            

    

    

    
      	
               

            	
              The
                proposed well dry hole cost is estimated to cost $170,000 gross
                (8/8ths).

            

    

    

    
      	
               

            	
              o

            	
              Manvel
                2,000’ Miocene Exploratory
                well

            

    

    
      	
               

            	
              Leases
                covering approximately 160 acres of land in Brazoria County, Texas,
                for a
                total consideration of $20,000.  In connection with the
                purchase, we will acquire an undivided 55% interest in the leases,
                subject
                to existing overriding royalty interests equal to 25% of
                8/8.  Additionally, Sunray is entitled to a one-eighth of
                eight-eights (12.50% of 8/8) working interest, proportionally reduced
                at
                payout.

            

    

    

    
      	
               

            	
              The
                Proposed well dry hole cost is estimated to cost $100,000 gross
                (8/8ths).ex10_5.htm

     
      
      
        

      

    

    

    Letter
      Agreement

     

    1.
      Matrixx Resource Holdings Inc. (the “Buyer”) agrees to purchase from Texhoma
      Energy, Inc. (the “Seller”) an 11% (eleven percent) working interest in the
      property known as the Clovelly Prospect, which ORX purchased from Coastline
      Oil
& Gas Inc., all as more particularly described in the Agreement between ORX
      and Coastline, of which the Buyer has a copy (the “Property”). The agreed total
      consideration payable by the Buyer to the Seller for the Property is US $150,000
      (one hundred fifty thousand US dollars) the “Purchase Price”.

    

     2.
      This Agreement shall be considered null, void and of no further force and effect
      unless on or before 5 pm, Tuesday, May 22, 2007 in Vancouver, BC, the Buyer
      pays
      to Seller an earnest money deposit in the amount of US $25,000 (twenty five
      thousand US dollars), (the “Deposit”). On or before said date Buyer shall tender
      the Deposit to Seller by wire transfer to the account of “Texhoma Energy, Inc.”,
      US$-Account No. 7304094, at the TD Canada Trust Bank, 1200 Burrard Street,
      Vancouver, BC postal code V6Z 2C7. Institution # 004, Branch # 9448, ABA 026
      009
      593. The Deposit shall be applied against the Purchase Price. The Deposit shall
      NOT be refundable to the Buyer except in the event of significant title defects
      (i.e. if 90% or more of the title to the Assets cannot be cured by ORX on or
      before the hereinafter defined “Closing Date”).

    

     3.
      The “Effective Date” of the purchase and sale shall be May 22, 2007. Closing
      shall occur at a mutually agreed location on or before June 30, 2007 (the
“Closing Date”). At Closing the Buyer shall tender the balance of the Purchase
      Price. Buyer agrees to execute the assignment as Assignee with ORX as an event
      subsequent to Closing. One set of original and fully executed assignment(s)
      shall be sent for recording in Calcasieu and Allen Parishes, Louisiana
      immediately following Closing.

    

     4.
      All expenses incurred by Buyer in connection with or related to the submission
      of this offer, the contemplated transaction, and all other matters relevant
      to
      Closing, including without limitation, all fees and expenses of counsel,
      accountants and financial advisors employed by the Buyer shall be borne solely
      and entirely by Buyer.

    

     5.
      Buyer and Seller agree that the terms and conditions of this Agreement shall
      be
      treated as confidential and shall not be disclosed to any third party without
      the prior written consent of the parties hereto, except as may be required
      by
      law.

    

     6.
      The Seller will undertake and warrant that the interest will be free of
      encumbrances and that all invoices from the Operator ORX have been settled,
      or
      will be settled, from the Purchase Price received from the Buyer.

     

     

    

    
      
      

      
        

      

    

    
      
      

    

    

     

    

     7.
      The parties hereto agree to comply with any and all applicable laws, rules
      and
      regulations affecting the Property and the contemplated
      transaction.

    

    Agreed
      to
      and accepted this 16 day of May, 2007

    

    By
      the
      Seller:

     

    Texhoma
      Energy, Inc.

     

     

    

    

    By:
      ____________________________________________  

    Frank
      A.
      Jacobs, Director

     

    
 

    Agreed
      to
      and accepted this _____ day of May, 2007

    

    By
      the
      Buyer:

    

    Matrixx
      Resource Holdings Inc

     

    

    By:
      ____________________________________________  

    Catherine
      Thompson, CFO, Director

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