Document:

surge_8k-ex1086.htm

    Exhibit 10.86

     

    
      Share Purchase Agreement –
Surge Global Energy, Inc.

      Fisher
Family Trust

      

      THIS SHARE PURCHASE AGREEMENT (the
"Agreement") is made and entered into this 11th day of July, 2008 between
Fisher Family Trust (the "Seller") and Surge Global
Energy, Inc. (the "Purchaser" or ‘Surge”) and Peace
Oil Corp.

       

      A. Seller is
the owner of record of an aggregate of 500,000 shares of Surge that were obtained
through the conversion of certain preferred shares of Cold Flow Energy,
ULC. Seller agrees to sell
100% of its Surge Shares pursuant to this Agreement.

      

      B. Seller
agrees to sell and Purchaser agrees to purchase all the right, title, and
interest of Seller in 500,000 Surge Shares (the “Surge Shares”) for an
aggregate purchase price of 21,472 common shares of North Peace Energy,
Inc.(hereinafter referred to as the "NPE Shares”) owned by Purchaser and held in
the name of Peace Oil Corp.  The Surge Shares and NPE Shares are
collectively referred to herein as the “Exchanged Shares.”

       

      IN
CONSIDERATION OF and as a condition of the parties entering into this Agreement
and other valuable consideration, the receipt and sufficiency of which
consideration is acknowledged, the parties agree as follows:

      

      1.           Purchase
and Sale:  Seller
agrees to sell and Purchaser agrees to purchase all the right, title, and
interest of Seller in the Surge Shares for an aggregate purchase price
of  21,472 NPE Shares.  The Exchanged Shares each currently
bear a restrictive legend, which legend shall remain on the Exchange Shares
delivered to each other at closing.  After closing, the removal of any
restrictive legend will be subject to compliance with applicable securities laws
and receipt of any required legal opinions as determined by the issuer of said
securities, and will be the responsibility of the party who owns the shares
after the transaction closes.

      

      2.           Closing:  A
closing shall take place at such time (but no later than July 31, 2008) as the
parties have executed this Agreement and delivered the Exchanged Shares,
together with any documents necessary for their transfer, to Burstall Winger
LLP, to the attention of Keith Templeton, who will hold the Exchanged Shares and
all related documents in trust until all necessary documents are fully executed
and deliverable to the respective parties.  Immediately after the
Agreement is signed, Purchaser will send the NPE Shares to CIBC Mellon, with
transfer instructions directing the delivery of the Seller’s shares to Burstall
Winger LLP.  After closing, Purchaser will cause the trust account at
Olympia Trust Company in which CFE Shares had been held to be canceled, and
Seller will cooperate with Purchaser as necessary to close such
account. 

      

      3.           Representations
and Warranties of the Seller:  Seller
represents and warrants to the Purchaser as follows:

      a.           Except as
provided in the incorporating documents of Surge or as indicated on the face of
the certificates for the Surge Shares, or in compliance with applicable
securities laws, Purchaser would not be prevented or restricted in any way from
re-selling the Surge Shares in the future.

      b.           Seller
is the owner in clear title of the Surge Shares and the Surge Shares
are  free of any liens, encumbrances, security interests, charges,
mortgages, pledges, or adverse claim or other restriction that would prevent the
transfer of clear title of the Surge Shares to the Purchaser.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      c.           Seller
is not bound by any agreement that would prevent any transactions connected with
this Agreement.

                     
d.          There is no legal
action or suit pending against any party, to the knowledge of Seller, which
would materially affect this Agreement.

      e.           Seller
has reviewed the financial statements and public disclosures made by CFE, NPE,
and/or Surge, and has satisfied itself that it is sufficiently informed to
participate in the transaction and is doing so after having completed and
relying solely upon its own due diligence.

      

      4.           Representations
and Warranties of Purchaser:  Purchaser
represents and warrants  to Seller as follows:

      a.           Purchaser
would not be recognized as an issuer, insider, affiliate, or associate of North
Peace Energy, Inc. and/or the  NPE Shares as defined or recognized
under applicable securities laws and regulations.

      c.           Except
as provided in the incorporating documents of NPE or as indicated on the face of
the certificates for the NPE Shares or in compliance with applicable securities
laws, the Seller would not be prevented or restricted in any way from re-selling
the NPE Shares in the future.

      d.           Purchaser
is the owner in clear title of the NPE Shares and the NPE Shares
are  free of any liens, encumbrances, security interests, charges,
mortgages, pledges, or adverse claim or other restriction that would prevent the
transfer of clear title of the NPE Shares  to the Seller.

      e.           Purchaser
is purchasing pursuant to an exemption from registration requirements available
to it under applicable Canadian securities legislation and shall deliver to
Seller such further particulars of the exemption and the Purchaser’s
qualifications thereunder as the Seller or its counsel may request.

      f.           

      There is
no legal action or suit pending against any party, to the knowledge of Purchaser
that would materially affect this Agreement.

      g.           Purchaser
has reviewed the financial statements and public disclosures made by CFE, and/or
NPE and has satisfied itself that it is sufficiently informed to participate in
the transaction and is doing so after having completed and relying solely upon
its own due diligence.

      

      5.           Miscellaneous

      a.           Expenses:  Each
party agrees to pay their own costs and expenses in connection with this
Agreement.

      b.          
Finder's
Fees:  No party
to this Agreement will pay any type of finder's fee to any other party to this
Agreement or to any other individual in connection to this
Agreement.

      c.         
All
parties to this Agreement warrant and represent that no investment banker or
broker or other intermediary has facilitated the transaction contemplated by
this Agreement and is entitled to a fee or commission in connection with said
transaction. All parties to this Agreement indemnify and hold harmless all other
parties to this Agreement in connection with any claims for brokerage fees or
other commissions that may be made by any party pertaining to this
Agreement.

      d.         
Seller
hereby irrevocably entrusts Purchaser to vote on its behalf by proxy and
exercise all voting rights associated with the Surge Shares as of the date of
this Agreement.

      f.          
Governing
Law:  The
Purchaser and the Sellers submit to the jurisdiction of the courts of Alberta,
Canada for the enforcement of this Agreement or decision arising from this
Agreement. This Agreement will be enforced or construed according to the laws of
the Alberta regardless of the laws that might otherwise govern under applicable
principles of conflicts of law.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      g.          
Time is
of the essence in this Agreement.

      h.          
This
Agreement may be executed in counterparts and by facsimile.

      i.            All
warranties representations of Seller and Purchaser connected with this Agreement
will survive the Closing.

      j.            This
Agreement will not be assigned either in whole or in part by any party to this
Agreement without the written consent of the other party.

      k.          
Headings
are inserted for the convenience of the parties only and are not to be
considered when interpreting this Agreement. Words in the singular mean and
include the plural and vice versa. Words in the masculine gender include the
feminine gender and vice versa. Words in the neuter gender include the masculine
gender and the feminine gender and vice versa.

      l.           
If any
term, covenant, condition or provision of this Agreement is held by a court of
competent jurisdiction to be invalid, void or unenforceable, it is the parties'
intent that such provision be reduced in scope by the court only to the extent
deemed necessary by that court to render the provision reasonable and
enforceable and the remainder of the provisions of this Agreement will in no way
be affected, impaired or invalidated as a result.

      m.         
This
Agreement contains the entire agreement between the parties. All negotiations
and understandings have been incorporated into this Agreement. Statements or
representations which may have been made by any party to this Agreement in the
negotiation stages of this Agreement may in some way be inconsistent with this
final written Agreement. All such statements are declared to be of no value in
this Agreement. Only the written terms of this Agreement will bind the
parties.

      n.         
This
Agreement and the terms and conditions contained in this Agreement apply to and
are binding upon Seller and Purchaser and their respective successors, assigns,
executors, administrators, beneficiaries, and representatives.

      o.         
Any
notices or delivery required here will be deemed completed when emailed, faxed,
hand-delivered, delivered by agent, for five (5) days after being placed in the
post, postage prepaid, to the parties at the addresses contained in this
Agreement or as the parties may later designate in writing.

      p.         
All of
the rights, remedies and benefits provided by this Agreement will be cumulative
and will not be exclusive of any other such rights, remedies and benefits
allowed by law.

      

      IN WITNESS WHEREOF, Seller and
Purchaser have duly affixed their signatures:

      

      

      /s/
Dale Fisher            

      Fisher
Family Trust

      By its
Trustee

      

      

      

      /s/ E. Jamie Schloss            

      Surge
Global Energy, Inc.

      By its
Chief Executive Officer, E. Jamie SchlossExhibit 4.1

 

[Logo]

 

RHINO
RESOURCES, INC.

 

INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE

 

	
  NUMBER

  	
   

  	
  SHARES

  
	
  RR

  	
   

  	
   

  

 

 

	
  COMMON
  STOCK

  	
   

  	
  COMMON
  STOCK

  
	
   

  	
   

  	
   

  
	
  SEE
  REVERSE FOR CERTAIN DEFINTIONS

  	
   

  	
  CUSIP

  

 

	
  This certifies that

  
	
   

  
	
   

  
	
   

  

 

	
  is the owner of

  	
   

  

 

FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON
STOCK, 

PAR VALUE OF $0.01 PER SHARE, OF

 

RHINO RESOURCES, INC. transferable
only on the books of the Corporation by the holder hereof, in person or by duly
authorized attorney, upon surrender of this certificate properly endorsed. This
certificate is not valid until countersigned and registered by the Transfer Agent
and registered by the Registrar.

 

Witness the facsimile seal
of the Corporation and the facsimile signatures of its duly authorized
officers.

 

Dated:

 

	
   

  	
  [Corporate Seal]

  	
   

  
	
  President and Chief
  Executive Officer

  	
  Senior Vice President
  and Chief 

  Financial Officer

  

 

 

[Reverse of Certificate]

 

RHINO
RESOURCES, INC.

 

The Corporation will
furnish, without charge to each stockholder who so requests, the powers, designations,
preferences and relative, participating, optional or other special rights of
each class or series of stock of the Corporation, and the qualifications,
limitations or restrictions of such preferences and/or rights. Please direct
any such request to the Corporation or the Transfer Agent.

The following
abbreviations, when used in the inscription on the face of this certificate,
shall be construed as though they were written out in full according to
applicable laws or regulations:

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  TEN COM - as tenants in
  common

  	
  UNIF GIFT MIN 

  ACT-

  	
   

  	
   

  	
  Custodian

  	
   

  
	
  TEN ENT

  	
  - as tenants by the
  entireties

  	
   

  	
  (Cust)

  	
   

  	
   

  	
  (Minor)

  
	
  JT TEN

  	
   

  	
  - as joint tenants with
  right of

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
     survivorship
  and not as tenants

  	
   

  	
  under Uniform Gifts to
  Minors

  
	
   

  	
   

  	
      in
  common

  	
   

  	
  Act

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
        (State)

  
													

 

Additional
abbreviations may also be used even though not in the above list.

 

For
value received, I, _____________________________
, now sell, assign and transfer to

 

	
  PLEASE INSERT SOCIAL 

  SECURITY OR OTHER

  	
   

  
	
  IDENTIFYING NUMBER OF 

  ASSIGNEE

  	
   

  
	
   

  	
   

  

 

(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF
ASSIGNEE)

 

	
   

  
	
   

  
	
   

  
	
   

  
	
  shares of the Common Stock
  represented by this Certificate, and do irrevocably constitute and appoint

  
	
   

  
	
  Attorney to transfer this
  stock on the books of the Corporation, with full power of substitution in the
  premises.

  

 

	
  Dated

  	
   

  	
   

  

 

	
   

  	
   

  	
   

  
	
   

  	
  NOTICE:

  	
  THE
  SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON
  THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR
  ENLARGEMENT OR ANY CHANGE WHATEVER.

  

 

Signature(s) Guaranteed:

 

	
  By

  	
   

  	
   

  
	
  THE
  SIGNATURE(S) SHOULD BE GUARANTEED BY AN

  
	
  ELIGIBLE
  GUARANTOR INSTITUTION (Banks,

  
	
  Stockbrokers,
  Savings and Loan Associations and Credit Unions)

  
	
  WITH
  MEMBERSHIP IN AN APPROVED

  
	
  SIGNATURE
  GUARANTEE MEDALLION PROGRAM),

  
	
  PURSUANT
  TO S.E.C. RULE 17Ad-15.

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