Document:

NOTE
PURCHASE AGREEMENT

     

    This NOTE
PURCHASE AGREEMENT (this “Agreement”)
is made as of January 15, 2010, by and between EGPI Firecreek, Inc., a Nevada
corporation (the “Company”),
and St. George Investments, LLC, an Illinois limited liability company (the
“Purchaser”).

     

    RECITALS

     

    A.           The
Purchaser desires to acquire from the Company, and the Company desires to issue
and sell to the Purchaser, the following securities: (i) a secured promissory
note (the “Secured
Note”) having an initial principal balance of $1,000,000, substantially
in the form attached hereto as Exhibit A; and (ii) a
convertible promissory note (the “Convertible
Note”) having an initial principal balance of $86,000, substantially in
the form attached hereto as Exhibit B
(collectively, the “Notes”).

     

    B.           The
Company and the Purchaser further desire to obligate themselves as set forth in
this Agreement and to make the representations, warranties and covenants set
forth herein in connection with the transactions contemplated
hereby.

     

    AGREEMENT

     

    Accordingly,
in consideration of the premises and the mutual promises herein set forth, and
in consideration of the representations and warranties herein contained, the
parties agree as follows:

     

    1.           Purchase
and Sale of the Notes. Subject to the terms and conditions of this
Agreement, at the Closing (as defined below), the Company shall issue and sell
to the Purchaser, and the Purchaser shall purchase from the Company, the
Notes.  The purchase price for the Notes shall be $925,000 (the “Purchase
Price”).

     

    2.           Purchase
Price Remittal.  The Company acknowledges and agrees that (i)
the Purchase Price shall be remitted by the Purchaser directly to a trust
account (the “Trust
Account”) at Foley & Lardner LLP to be held and disbursed according
to the terms of the Funding and Letter of Credit Agreement of even date herewith
to which the Purchaser and the Company, among others, are parties, (ii) the
Company will receive a material benefit from such remittal to the Trust Account,
and (iii) upon the Credit Issuer’s (defined below) receipt of the Purchase
Price, this Agreement, the Notes and the Additional Agreements (as defined
below) shall be binding upon the Company in all respects as if the Purchase
Price had been remitted directly to the Company.

     

    3.           Additional
Agreements.  In addition to the purchase and delivery of the
Notes, the Company shall deliver, or cause to be delivered, to the Purchaser,
the following additional agreements or documents: (i) an irrevocable standby
letter of credit (the “Letter of
Credit”), issued by The Bank of Tampa (the “Credit
Issuer”), substantially in the form attached hereto as Exhibit C, which
shall secure the Company’s obligations under the Secured Note; (ii) a
registration rights agreement (the “Registration
Rights Agreement”) in favor of the Purchaser, substantially in the form
attached hereto as Exhibit D; (iii) a
consent to entry of judgment by confession (the “Judgment by
Confession”), substantially in the form attached hereto as Exhibit E; (iv) a
resolution consented to and adopted by the Company’s Board of Directors (the
“Board
Resolution”), substantially in the form attached hereto as Exhibit F, (v) a
Funding and Letter of Credit Agreement (the “Funding and
Letter of Credit Agreement”) and applicable exhibits thereto,
substantially in the form attached hereto as Exhibit G
(collectively, the “Additional
Agreements”).  The execution and delivery of such Additional
Agreements is a material inducement for the Purchaser to purchase the Notes and
the Purchaser’s obligations hereunder are expressly conditioned on the execution
and delivery of such Additional Agreements.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.           Origination
Fee.  The Company acknowledges that the initial funded
principal balance of the Notes exceeds the Purchase Price and that such excess
is an origination fee (the “Origination
Fee”) which shall be fully earned and charged to the Company upon the
execution of this Agreement, and shall be paid to Lender as part of the
outstanding principal balance as set forth in the
Notes.  

     

    5.           The
Closing. The issuance and sale of the Notes and the delivery of the
Additional Agreements to the Purchaser shall take place concurrently with the
execution of this Agreement at the offices of the Purchaser, located at 303 East
Wacker Drive, Suite 311, Chicago, Illinois 60601, on the date hereof or at such
other time and place as the Company and the Purchaser shall agree (which time is
referred to herein as the “Closing”).
At the Closing, the Company shall deliver to the Purchaser the Notes, each made
payable to the Purchaser, and the Additional Agreements, and the Purchaser shall
deliver to the Trust Account, pursuant to the terms of the Funding and Letter of
Credit Agreement, the Purchase Price therefor, in the form of immediately
available funds.

     

    6.           Consideration
and Acknowledgements.  The Company acknowledges and agrees
that, pursuant to the Funding and Letter of Credit Agreement, (i) the Purchase
Price shall be delivered by Purchaser directly to the Trust Account, (ii) the
Purchase Price shall be deemed to satisfy the Company’s obligation to make a
Deposit pursuant to the terms of that certain Stock Purchase Agreement (the
“Stock
Purchase Agreement”) entered into on December ___, 2009 by and between
the Company and the Sellers (as defined in the Stock Purchase Agreement) of SW
Signal, Inc., a Florida corporation (the “Target”),
and (iii) the Purchase Price, although delivered to the Trust Account, is a
material benefit to the Company as if it had been delivered directly to the
Company.

     

    7.           Representations
and Warranties of the Company. The Company hereby represents and warrants
to the Purchaser that:

     

    7.1.           Organization. The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of Nevada and has full corporate power and authority
to conduct its business as presently conducted and to execute, deliver, and
perform its obligations under this Agreement, the Notes and the Additional
Agreements.  The Company does not own, directly or indirectly, any
stock, partnership interest or any other equity interest in, or any security
issued by, any other Person (as defined below).

     

    
      
         

      

      
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    7.2.           Authorization. The
execution, delivery and performance by the Company of this Agreement, the Notes
and the Additional Agreements have been duly authorized by all necessary
corporate action.  This Agreement has been duly executed and delivered
by the Company and constitutes valid and binding obligations of the Company
enforceable in accordance with its terms, except as limited by (i) applicable
bankruptcy, insolvency, reorganization, moratorium or other laws of general
application affecting the enforcement of creditors’ rights generally, and (ii)
general principles of equity that restrict the availability of equitable
remedies.  The execution of and performance of the obligations of the
Company set forth in this Agreement will not (A) conflict with or violate any
provision of the Certificate of Incorporation or Bylaws of the Company, (B)
require on the part of the Company any filing with, or any permit,
authorization, consent or approval of, any court, arbitrational tribunal,
administrative agency or commission or other governmental or regulatory
authority or agency (each of the foregoing is hereafter referred to as a “Governmental
Entity”), except such filings as shall have been made prior to and shall
be effective on and as of the Closing and such filings required to be made after
each closing under applicable federal and state securities laws, (C) conflict
with, result in a breach of, constitute (with or without due notice or lapse of
time or both) a default under, result in the acceleration of, create in any
party the right to accelerate, terminate, modify or cancel, or require any
notice, consent or waiver under, any contract, lease, sublease, license,
sublicense, franchise, permit, indenture, agreement or mortgage for borrowed
money, instrument of indebtedness, security interest or other arrangement to
which the Company is a party or by which the Company is bound or to which its
assets are subject, or (D) violate any order, writ, injunction, decree, statute,
rule or regulation applicable to the Company or any of its properties or
assets.

     

    7.3.           Consents. No consent,
approval, order or authorization of, or registration, qualification,
designation, declaration or filing with, any Governmental Entity or third party
is required on the part of the Company in connection with the execution and
delivery of this Agreement or the offer, sale, issuance and delivery of the
Notes, except such filings as shall have been made prior to and shall be
effective on and as of the Closing and such filings required to be made after
the Closing under applicable federal and state securities laws.  Based
in part on the representations made by the Purchaser in Section 8, below, and
assuming that the required filings have been or will be timely made, the offer,
sale, issuance and delivery of the Notes and the Additional Agreements will all
be made in compliance with applicable federal and state securities
laws.

     

    7.4.           No Violation. The
Company is not in violation of (i) any term of its Certificate of Incorporation
or Bylaws or any order, statute, rule or regulation applicable to the Company;
or (ii) in any material respect, any term or provision of any mortgage,
indebtedness, indenture, contract, agreement, instrument, judgment or decree to
which the Company is a party or by which the Company is bound or to which its
assets is subject.

     

    7.5.           Brokers. No broker or
intermediary is involved in connection with the purchase of the Notes and no
commission or other remuneration is being paid in connection
therewith.

     

    
      
         

      

      
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    7.6.           SEC Documents: Financial
Statements. The Company has filed all reports, schedules, forms,
statements and other documents required to be filed by it with the SEC under the
Securities Exchange Act of 1934, as amended (the “Exchange
Act”), for the two years preceding the date hereof (or such shorter
period as the Company was required by law or regulation to file such material)
(all of the foregoing filed prior to the date hereof or amended after the date
hereof and all exhibits included therein and financial statements and schedules
thereto and documents incorporated by reference therein, being hereinafter
referred to as the “SEC
Documents”) on timely basis or has received a valid extension of such
time of filing and has filed any such SEC Document prior to the expiration of
any such extension. The Company has delivered to the Purchaser or its
representative, or made available through the SEC’s website at
http://www.sec.gov., true and complete copies of the SEC
Documents.  As of their respective dates, the SEC Documents complied
in all material respects with the requirements of the Exchange Act and the rules
and regulations of the SEC promulgated thereunder applicable to the SEC
Documents, and none of the SEC Documents, at the time they were filed with the
SEC, contained any untrue statement of a material fact or omitted to state a
material fact required to be stated therein or necessary in order to make the
statements therein, in the light of the circumstances under which they were
made, not misleading. As of their respective dates, the financial statements of
the Company included in the SEC Documents complied as to form in all material
respects with applicable accounting requirements and the published rules and
regulations of the SEC with respect thereto.  Such financial
statements have been prepared in accordance with generally accepted accounting
principles, consistently applied, during the periods involved (except (i) as may
be otherwise indicated in such financial statements or the notes thereto, or
(ii) in the case of unaudited interim statements, to the extent they may exclude
footnotes or may be condensed or summary statements) and fairly present in all
material respects the financial position of the Company as of the dates thereof
and the results of its operations and cash flows for the periods then ended
(subject, in the case of unaudited statements, to normal year-end audit
adjustments).  No other information provided by or on behalf of the
Company to the Purchaser which is not included in the SEC Documents, including,
without limitation, information referred to in this Agreement, contains any
untrue statement of a material fact or omits to state any material fact
necessary in order to make the statements therein, in the light of the
circumstance under which they are or were made and not misleading.

     

    7.7.           Absence of
Litigation.  There is no action, suit, proceeding, inquiry or
investigation before or by any court, public board, government agency,
self-regulatory organization or body pending against or affecting the Company,
the Common Stock or any of the Company’s subsidiaries, wherein an unfavorable
decision, ruling or finding would have a material adverse effect.

     

    7.8.           No Integrated
Offering.  Neither the Company, nor any of its affiliates, nor
any person acting on its or their behalf has, directly or indirectly, made any
offers or sales of any security or solicited any offers to buy any security,
under circumstances that would require registration of the Securities under the
Securities Act or cause this offering of the Securities to be integrated with
prior offerings by the Company for purposes of the Securities Act.

     

    7.9.           Listing and Maintenance
Requirements.  The Company’s Common Stock is registered
pursuant to Section 12(b) or 12(g) of the Exchange Act, and the Company has
taken no action designed to terminate, or which to its knowledge is likely to
have the effect of, terminating the registration of the Common Stock under the
Exchange Act nor has the Company received any notification that the SEC is
contemplating terminating such registration.  The Company has not, in
the twelve (12) months preceding the date hereof, received notice from any
Primary Market (defined below) on which the Common Stock is or has been listed
or quoted to the effect that the Company is not in compliance with the listing
or maintenance requirements of such Primary Market. The Company is, and has no
reason to believe that it will not in the foreseeable future continue to be, in
compliance with all such listing and maintenance requirements.

    
      
         

      

      
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    7.10.         Refundable
Deposit.  The Deposit made by the Company to the Target
pursuant to the Stock Purchase Agreement is fully refundable to the Company in
the event of a failure to close the transactions contemplated by the Stock
Purchase Agreement.

     

    8.      
    Representations
and Warranties of the Purchaser.  The Purchaser hereby
represents and warrants to the Company that:

     

    8.1.           Legal Standing. The
Purchaser is a corporation duly organized, validly existing and in good standing
under the laws of the jurisdiction of its organization.

     

    8.2.           Legal Capacity. The
Purchaser has the legal capacity or full power and authority to enter into this
Agreement, and this Agreement, when executed and delivered, will constitute a
valid and legally binding obligation of the Purchaser, enforceable against the
Purchaser in accordance with its terms, except as limited by (i) applicable
bankruptcy, insolvency, reorganization, moratorium or other laws of general
application affecting the enforcement of creditors’ rights generally, and (ii)
general principles of equity that restrict the availability of equitable
remedies.

     

    8.3.           Investment Intent.
The Purchaser is acquiring and will hold the Notes for investment for its
account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as
amended (the “Securities
Act”).

     

    8.4.           No Registration. The
Purchaser understands that the Notes have not been registered under the
Securities Act by reason of a specific exemption therefrom and that the Notes
cannot be resold unless they are registered under the Securities Act and
applicable state securities laws or unless an exemption from such registration
requirements is available. The Purchaser further acknowledges and understands
that the Company is under no obligation to register the Notes.

     

    8.5.           Information. The
Purchaser has been furnished with, and has had access to, such information as it
considers necessary or appropriate for deciding whether to invest in the Notes,
and the Purchaser has had an opportunity to ask questions and receive answers
from the Company regarding the terms and conditions of the issuance of the
Notes.

     

    8.6.           Accredited Investor.
The Purchaser is aware that its investment in the Company is a speculative
investment that has limited liquidity and is subject to the risk of complete
loss.  The Purchaser understands that an investment in the Notes
involves a high degree of risk.  The Purchaser is an “accredited
investor” as such term is defined in Regulation D promulgated under the
Securities Act.

    
      
         

      

      
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    9.           Expenses;
Affirmative and Negative Covenants of the Company.

     

    9.1.         The
Company, without regard to whether the Closing is effectuated, will pay the
reasonable transaction and legal expenses of counsel for the Purchaser incurred
in this transaction, subject to an aggregate cap of $6,000.00, which the parties
acknowledge shall be included in the initial principal amount of the Convertible
Note.  Except as provided in the immediately preceding sentence, the
Company and the Purchaser shall be responsible for paying such party’s own fees
and expenses (including legal expenses) incurred in connection with the
preparation and negotiation of this Agreement and the closing of the
transactions contemplated hereby.

     

    9.2.          Until
all of the Company’s obligations hereunder and the Notes are paid and performed
in full, or within the timeframes set forth below, the Company shall comply with
the following affirmative covenants:

     

    9.2.1.    The
Company will maintain and preserve in full force and effect its existence as a
corporation.

     

    9.2.2.    The
Company shall comply in all material respects with all laws and regulations
applicable to its business.

     

    9.2.3.    Within
two business days following the date of this Agreement, the Company shall file a
current report on Form 8-K describing the terms of the transactions contemplated
by this Agreement, the Notes and the Additional Agreements in the form required
by the Exchange Act and attaching the material transaction documents as exhibits
to such filing.

     

    9.2.4.    The
Company shall execute such documents and perform such further acts (including,
without limitation, obtaining any consents, exemptions, authorizations or other
actions by, or giving any notices to, or making any filings with, any
Governmental Entity or any other person) as may be reasonably required by the
Purchaser or desirable to carry out or to perform the provisions of this
Agreement, the Notes and the Additional Agreements.

     

    9.2.5.    The
Company shall, as soon as practicable but in no event later than two weeks after
the Closing, file an appropriate registration statement with the U.S. Securities
and Exchange Commission (the “SEC”)
pertaining to the registration of two million (2,000,000) shares of the
Company’s common stock, par value $0.001 (the “Common
Shares”) into which the Purchaser may, at its election to convert,
receive pursuant to the Convertible Note.  The Company shall cause
such registration statement to become effective no later than ninety days
following the Closing.

     

    9.2.6.    The
Company shall promptly and in a timely fashion perform and honor all demands,
notices, requests and obligations that exist or may arise under this Agreement,
the Notes and the Additional Agreements.

     

    9.2.7.    The
foregoing affirmative covenants and agreements shall survive the
Closing.

     

    
      
         

      

      
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    9.3.       From
and after the date hereof and until all of the Company’s obligations hereunder
and the Notes are paid and performed in full, the Company shall
not:

     

    9.3.1.    incur
any new indebtedness for borrowed money without the prior written consent of the
Purchaser;

     

    9.3.2.    grant
or permit any security interest (or other lien or other encumbrance) in or on
any of its assets; and/or

     

    9.3.3.    enter
into any transaction, including, without limitation, any purchase, sale, lease
or exchange of property or the rendering of any service, with any Affiliate (as
defined in the Securities Act) of the Company, or amend or modify any agreement
related to any of the foregoing, except on terms that are no less favorable, in
any material respect, than those obtainable from any Person who is not an
Affiliate of the Company.

     

    For the
avoidance of doubt, the Company may incur obligations under trade payables in
the ordinary course of business consistent with past practice without the
consent of the Purchaser under Section 9.3.1 above.

     

    10.         Covenants
of the Purchaser.

     

    10.1.         So
long as (i) no breach of this Agreement or the Additional Agreements by the
Company occurs, and (ii) no Event of Default (as defined in the Notes) occurs,
the Purchaser shall not (a) file the Judgment by Confession, or (b) make any
draw under the Letter of Credit; provided, however, that upon an Event of
Default (as defined in the Notes) or a breach by the Company of this Agreement
(including, without limitation, any representation, warranty or covenant
hereunder) or any of its obligations under the Additional Agreements, the
Purchaser shall be entitled to immediately or at any time thereafter prior to
the Expiration Date (as defined in the Letter of Credit) make a draw for up to
the full Credit Amount (as defined in the Letter of  Credit) of the
Letter of Credit and file the Judgment by Confession.

     

    11.         Information
Rights.  The Company shall deliver to the Purchaser, at
Purchaser’s request, so long as such Purchaser continues to hold at least one of
the Notes that has not been satisfied in full:

     

    11.1.         as
soon as practicable, but in any event within one hundred fifty (150) days after
the end of each fiscal year of the Company, an income statement for such fiscal
year, a balance sheet of the Company and statement of stockholder’s equity as of
the end of such year, and a statement of cash flows for such year, such year-end
financial reports to be in reasonable detail, prepared in accordance with
generally accepted accounting principles (“GAAP”),
and audited and certified by independent public accountants of nationally
recognized standing selected by the Company;

     

    11.2.         as
soon as practicable, but in any event within forty-five (45) days after the end
of each of the first three (3) quarters of each fiscal year of the Company, an
unaudited income statement, statement of cash flows for such fiscal quarter and
an unaudited balance sheet as of the end of such fiscal quarter;

     

    
      
         

      

      
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    11.3.         with
respect to the financial statements called for in Section 11.2, an instrument
executed by the Chief Financial Officer or President of the Company certifying
that such financials were prepared in accordance with GAAP consistently applied
with prior practice for earlier periods (with the exception of footnotes that
may be required by GAAP) and fairly present the financial condition of the
Company and its results of operation for the period specified, subject to
year-end audit adjustment; and

     

    11.4.         such
other information relating to the financial condition, business, prospects or
corporate affairs of the Company as the Purchaser or any assignee of the
Purchaser may from time to time request; provided, however, that the
Company shall not be obligated under this Section 11.4 or any other subsection
of this Section 11 to provide information that it deems in good faith to be in
violation of Regulation FD of the Exchange Act, a trade secret or similar
confidential information.

     

    12.         Miscellaneous.

     

    12.1.         Entire Agreement.
This Agreement, the Notes and the Additional Agreements constitute the entire
understanding and agreement among the parties with regard to the specific
subject matter hereof.

     

    12.2.         Successors and
Assigns. Except as otherwise provided herein, the terms and conditions of
this Agreement shall inure to the benefit of and be binding upon the respective
successors and assigns of the parties.  The Company shall not assign
this Agreement without the prior written consent of the Purchaser.

     

    12.3.         Governing Law. This
Agreement shall be governed by and construed under the laws of the State of
Illinois as applied to agreements among Illinois residents entered into
and to be performed entirely within the State of Illinois.  The
parties hereby submit to the personal jurisdiction of the courts located in Cook
County, Illinois.

     

    12.4.         Counterparts. This
Agreement may be executed in separate counterparts, each of which will be an
original and all of which taken together shall constitute one and the same
agreement, and any party hereto may execute this Agreement by signing any such
counterpart.  Delivery of a copy of this Agreement bearing an original
signature by facsimile transmission or by electronic mail in “portable document
format” form shall have the same effect as physical delivery of the paper
document bearing the original signature.

     

    12.5.         Notices. All notices,
requests, demands, claims and other communications hereunder shall be in
writing.  Any notice, request, demand, claim or other communication
hereunder shall be deemed duly given if (and then two business days after) it is
sent by registered or certified mail, return receipt requested, postage prepaid,
and addressed to the intended recipient, as set forth below:

    

    If to the Company, to:

    

    EGPI Firecreek,
Inc.

    3400 Peachtree Road, Suite
111

    Atlanta, Georgia
30326

    
      
         

      

      
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    If to the Purchaser, to:

     

    St. George Investments,
LLC

    303 East Wacker Drive, Suite
311

    Chicago, Illinois 60601

    Attn:  John M.
Fife

    

    with a copy (not constituting notice)
to:

    

    Bennett Tueller Johnson & Deere,
P.C.

    3165 East Millrock Drive, Suite
500

    Salt Lake City, Utah
84121

    Attn: Jonathan K. Hansen

    Facsimile: (866) 793-7309

    

    Any party may send any notice, request,
demand, claim or other communication hereunder to the intended recipient at the
address set forth above using any other means (including personal delivery,
expedited courier, messenger service, facsimile, ordinary mail, or electronic
mail), but no such notice, request, demand, claim or other communication shall
be deemed to have been duly given unless and until it actually is received by
the intended recipient or receipt is confirmed electronically or by return
mail.  Any party may change the address to which notices, requests,
demands, claims and other communications hereunder are to be delivered by giving
the other party notice in any manner herein set forth.

     

    12.6.       Attorneys’
Fees.  If any action at law or in equity is necessary to
enforce or interpret the terms of this Agreement or any document or instrument
contemplated hereby or referred to herein, the prevailing party or parties, as
the case may be, shall be entitled to reasonable attorneys’ fees, costs and
disbursements in addition to any other relief to which such party or parties may
otherwise be entitled.

     

    12.7.       Amendments and
Waivers.  Any term of this Agreement may be amended and the
observance of any term of this Agreement may be waived (either generally or in a
particular instance and either retroactively or prospectively), only with the
written consent of the Company and the Purchaser.

     

    12.8.       Severability.  If
any one or more of the provisions contained herein, or the application thereof
in any circumstance, is held invalid, illegal or unenforceable in any respect
for any reason, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions hereof shall not be in
any way impaired, unless the provisions held invalid, illegal or unenforceable
shall substantially impair the benefits of the remaining provisions
hereof.

    
      
         

      

      
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    12.9.       No Third Party
Beneficiaries. This Agreement is intended for the benefit of the parties
hereto and their respective permitted successors and assigns, and no third party
shall have any rights or interest in this Agreement, the Notes, or the
Additional Agreements.  Nothing contained in this Agreement shall be deemed
or construed to create an obligation on the part of the Company or the Purchaser
to any third party, nor shall any third party have a right to enforce against
the Company or the Purchaser any right that the Company or the Purchaser,
respectively, may have under this Agreement.

     

    12.10.     Further Assurances.
Each party shall do and perform or cause to be done and performed, all such
further acts and things, and shall execute and deliver all such other
agreements, certificates, instruments and documents, as the other party may
reasonably request in order to carry out the intent and accomplish the purposes
of this Agreement, the Notes and the Additional Agreements and the consummation
of the transactions contemplated hereby.

     

    12.11.     Incorporation of Recitals
and Exhibits.  The above Recitals and all Exhibits identified
in or attached to this Agreement are deemed to be incorporated herein by
reference and made a part hereof.

     

    12.12.     Definitions.  For
purposes of this Agreement, “Person”
shall be construed broadly and shall include an individual, a partnership, a
corporation, a limited liability company, an association, a join stock company,
a trust, a joint venture, an unincorporated organization or a Governmental
Entity; and “Affiliate”
means, with respect to any Person, another Person which directly or indirectly
controls, is controlled by, or is under common control with, the Person
specified.

     

    12.13.     WAIVER OF JURY
TRIAL.  THE TRANSACTION OF WHICH THIS AGREEMENT IS A PART IS A
COMMERCIAL, AND NOT A CONSUMER, TRANSACTION.  EACH OF THE PARTIES
HERETO HEREBY KNOWINGLY AND VOLUNTARILY WAIVES TRIAL BY JURY AND THE RIGHT
THERETO IN ANY ACTION OR PROCEEDING OF ANY KIND, ARISING UNDER OR OUT OF, OR
OTHERWISE RELATED TO OR OTHERWISE CONNECTED WITH, THIS AGREEMENT AND/OR ANY
RELATED DOCUMENT.

     

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    IN WITNESS WHEREOF, the
parties have executed this Note Purchase Agreement as of the date first above
written.

     

    
      
        
          
            
              
                
                  	 
      	
                          COMPANY:

                        
	 
      	
                           

                        
	 
      	
                          EGPI
      FIRECREEK, INC.

                        
	 
      	
                          By:

                        	
                          

                        
	 
      	
                          Name:  Dennis
      R Alexander

                        
	 
      	
                          Title:
      CEO

                        
	 
      	 
      	 
      
	 
      	
                          PURCHASER:

                        
	 
      	 
      
	 
      	
                          ST.
      GEORGE INVESTMENTS, LLC

                        
	 
      	 
      
	 
      	
                           By:

                        	
                           

                        
	 
      	
                          John
      M. Fife,
Manager

                        

                

              

            

          

        

      

    

     

    
      
        	
                ACKNOWLEDGED:

              
	 
      
	
                SW
      SIGNAL, INC.

              
	 
      
	
                By:  _______________________

              
	
                Name:  _____________________

              
	
                Its:  ________________________

              

      

    

     

    
       [Signature
Page to Note Purchase Agreement]

       

    

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
A

    

    FORM
OF SECURED PROMISSORY NOTE

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
B

    

    FORM
OF CONVERTIBLE PROMISSORY NOTE

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
C

    

    FORM
OF LETTER OF CREDIT

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
D

    

    FORM
OF REGISTRATION RIGHTS AGREEMENT

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
E

    

    FORM
OF JUDGMENT BY CONFESSION

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
F

    

    FORM
OF BOARD RESOLUTION

    
      
         

      

      
        
        

        
          

        

      

      
         

      

    

    EXHIBIT
G

    

    FORM
OF FUNDING AND LETTER OF CREDIT AGREEMENTREGISTRATION
RIGHTS AGREEMENT

    

    This
Registration Rights Agreement (this “Agreement”)
dated as of January 15, 2010, is made by and between EGPI Firecreek, Inc., a
Nevada corporation located at 3400 Peachtree Road, Suite 111, Atlanta, Georgia
30326 (the “Company”),
and St. George Investments, LLC, an Illinois limited liability company located
at 303 East Wacker Drive, Suite 311, Chicago, Illinois 60601 (the “Investor”).

    

    A.           Upon
the terms and subject to the conditions of that certain Note Purchase Agreement
dated as of the date hereof between the Investor and the Company (the “Purchase
Agreement”), the Company has agreed to issue and sell to the Investor a
Convertible Promissory Note in the face amount of $86,000 (the “Note”).

    

    B.           The
Note is convertible into shares (the “Conversion
Shares”) of Common Stock, $0.001 par value per share (“Common
Stock”), upon the terms and subject to the conditions contained in the
Note.

    

    C.           In
order to induce the Investor to execute and deliver the Purchase Agreement, the
Company has agreed to provide certain registration rights under the Securities
Act of 1933, as amended, and the rules and regulations thereunder, or any
similar successor statute (collectively, the “Securities
Act”), with respect to the Registrable Securities (as defined
below).

    

    NOW, THEREFORE, in
consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the Company and the Investor hereby agree as
follows:

    

    1.           Definitions.    
As used in this Agreement, the following terms shall have the following
meanings:

    

    “Closing
Date” means the date of the closing of the transactions contemplated by
the Purchase Agreement.

    

    “Effective
Date” means the date the SEC declares a Registration Statement covering
Registrable Securities and otherwise meeting the conditions contemplated hereby
to be effective.

    

    “Increased
Conversion Shares” means the good faith estimate of number of shares
which the Company anticipates will be issuable to the Holder as a result of an
adjustment to the Conversion Price.

    

    “Investor”
means the Investor and any permitted transferee or assignee who agrees to become
bound by the provisions of this Agreement in accordance with Section 10 hereof
and who holds the Note or Registrable Securities.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    “Other Issuable
Shares” means the good faith estimate of the Company of the number of
Increased Conversion Shares, as the case may be, which the Company anticipates,
as of the date of the filing of the Registration Statement and any amendment
thereto, will be issuable to the Holder pursuant to the provisions of the
Transaction Agreements.

    

    “Permitted
Suspension Period” means not more than two (2) periods during any
consecutive 12-month period during which the Holder’s right to sell Registrable
Securities under the Registration Statement is suspended, provided, however,
that each of such periods shall neither (i) be for more than twenty (20) days
nor (ii) begin less than ten (10) trading days after the last day of the
preceding suspension period (whether or not such last day was during or after a
Permitted Suspension Period).

    

    “Potential
Material Event” means any of the following: (i) the possession by the
Company of material information not ripe for disclosure in a registration
statement, which shall be evidenced by determinations in good faith by the Board
of Directors of the Company that disclosure of such information in the
registration statement would be detrimental to the business and affairs of the
Company; or (ii) any material engagement or activity by the Company which would,
in the good faith determination of the Board of Directors of the Company, be
adversely affected by disclosure in a registration statement at such time, which
determination shall be accompanied by a good faith determination by the Board of
Directors of the Company that the registration statement would be materially
misleading absent the inclusion of such information.

    

    “Register,”
“Registered,”
and “Registration”
refer to a registration effected by preparing and filing a Registration
Statement or Statements in compliance with the Securities Act and pursuant to
Rule 415 under the Securities Act or any successor rule providing for offering
securities on a continuous basis (“Rule
415”), and the declaration or ordering of effectiveness of such
Registration Statement by the SEC.

    

    “Registrable
Securities” means, collectively, the Conversion Shares and the Other
Issuable Shares.

    

    “Registration
Statement” means a registration statement of the Company under the
Securities Act covering Registrable Securities on Form S-3, if the Company is
then eligible to file using such form, and if not eligible, on Form S-1 or other
appropriate form.

    

    “Required Filing
Date” means (i) with respect to the initial Registration Statement, the
date as soon as practicable after the Closing Date but no later than two weeks
after the Closing Date, and (ii) with respect to a Registration Statement filed
with respect to an Increased Registered Shares Date, the Increased Shares
Required Filing Date (as those terms are defined below).

    

    “Restricted Sale
Date” means the first date, other than a date during a Permitted
Suspension Period (as defined below), on which the Investor is restricted from
making sales of Registrable Securities covered by any previously effective
Registration Statement.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.           Registration.

    

    (a)          Mandatory
Registration.

    

    (i)           The
Company shall prepare and file with the SEC, as soon as practicable after the
Closing Date but no later than fourteen (14) days thereafter, a Registration
Statement registering for resale by the Investor a sufficient number of shares
of Common Stock for the Investor to sell the Registrable
Securities.  Notwithstanding the requirement to register all
Registrable Securities, the Company’s obligation to register the Registrable
Securities shall initially be satisfied by the registration of the Initial
Number of Shares to Be Registered (as defined below).  The “Initial Number of
Shares to Be Registered” is a number of shares of Common Stock which is
at least equal to the sum of (v) 2,000,000 shares of Common Stock for issuance
upon conversion of the Note, and (w) the number of Other Issuable Shares as of
the date of the filing of the Registration Statement or any amendment thereto
(provided, however, that for purposes of this provision, the number of Other
Issuable Shares shall not be greater than the number of such shares which the
SEC permits to be included in the Registration Statement).  Unless
otherwise specifically agreed to in writing in advance by the Holder, the
Registration Statement (W) shall include only the Registrable Securities, and
(X) shall also state that, in accordance with Rule 416 and 457 under the
Securities Act, it also covers such indeterminate number of additional shares of
Common Stock as may become issuable upon conversion of the Note or issuances of
Other Issuable Securities covered by such Registration Statement to prevent
dilution resulting from stock splits, stock dividends or similar
transactions.

    

    (ii)          The
Company will use its best efforts to cause such Registration Statement to be
declared effective on a date (the “Required
Effective Date”) which is no later than the earlier of (Y) five (5) days
after oral or written notice by the SEC that it may be declared effective, or
(Z) ninety (90) days from the date of this Agreement.

    

    (b)          Trigger
Events.

    

    (i)           If
the Registration Statement covering the Registrable Securities is not filed as
contemplated by this Agreement with the SEC by the Required Filing Date, a
Trigger Event (as defined in the Note) shall be deemed to have occurred under
the Note and, in addition to the Trigger Effects (as defined in the Note) and
any other remedies available (and not as liquidated damages), a penalty equal to
$100 per day shall be added to the principal balance of the Note for so long as
the Registration Statement remains unfiled.

    

    (ii)          If
the Registration Statement covering the Registrable Securities is not effective
by the relevant Required Effective Date or if there is a Restricted Sale Date, a
Trigger Event shall be deemed to have occurred under the Note and, in addition
to the Trigger Effects (as defined in the Note) and any other remedies available
(and not as liquidated damages), a penalty equal to $100 per day shall be added
to the principal balance of the Note for so long as the Registration Statement
remains not yet effective.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.           Obligations of the
Company.  In connection with the registration of the
Registrable Securities, the Company shall do each of the following:

    

    (a)          Prepare
promptly, and file with the SEC by the Required Filing Date a Registration
Statement with respect to not less than the number of Registrable Securities
provided in Section 2(a) above, and thereafter use its reasonable best efforts
to cause such Registration Statement relating to Registrable Securities to
become effective by the Required Effective Date and keep the Registration
Statement effective at all times during the period (the “Registration
Period”) continuing until the earlier of (i) the date when the Investor
may sell all Registrable Securities under Rule 144 without volume or other
restrictions or limits or (ii) the date the Investor no longer owns any of the
Registrable Securities, which Registration Statement (including any amendments
or supplements thereto and prospectuses contained therein) shall not contain any
untrue statement of a material fact or omit to state a material fact required to
be stated therein or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading;

    

    (b)          Prepare
and file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection
with the Registration Statement as may be necessary to keep the Registration
Statement effective at all times during the Registration Period, and, during the
Registration Period, comply with the provisions of the Securities Act with
respect to the disposition of all Registrable Securities of the Company covered
by the Registration Statement until such time as all of such Registrable
Securities have been disposed of in accordance with the intended methods of
disposition by the seller or sellers thereof as set forth in the Registration
Statement;

    

    (c)          Permit
a single firm of counsel designated by the Investor (which, until further
notice, shall be deemed to be Bennett Tueller Johnson & Deere, P.C.,
Attn:  Jonathan K. Hansen, which firm has requested to receive such
notification, “Investor’s
Counsel”) to review the Registration Statement and all amendments and
supplements thereto within a reasonable period of time (but not less than three
(3) trading days) prior to their filing with the SEC, and not file any document
in a form to which such counsel reasonably objects;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (d)          Notify
the Investor and the Investor’s Counsel immediately (and, in the case of clause
(i)(A) below, not less than three (3) trading days prior to such filing) and (if
requested by any such person) confirm such notice in writing no later than one
(1) trading day following the day (i)(A) when a Prospectus or any Prospectus
supplement or post-effective amendment to the Registration Statement is proposed
to be filed; (B) whenever the SEC notifies the Company whether there will be a
“review” of such Registration Statement; (C) whenever the Company receives (or a
representative of the Company receives on its behalf) any oral or written
comments from the SEC in respect of a Registration Statement (copies or, in the
case of oral comments, summaries of such comments shall be promptly furnished by
the Company to the Investors); and (D) with respect to the Registration
Statement or any post-effective amendment, when the same has become effective;
(ii) of any request by the SEC or any other Federal or state governmental
authority for amendments or supplements to the Registration Statement or
Prospectus or for additional information; (iii) of the issuance by the SEC of
any stop order suspending the effectiveness of the Registration Statement
covering any or all of the Registrable Securities or the initiation of any
proceedings for that purpose; (iv) if at any time any of the representations or
warranties of the Company contained in any agreement (including any underwriting
agreement) contemplated hereby ceases to be true and correct in all material
respects; (v) of the receipt by the Company of any notification with respect to
the suspension of the qualification or exemption from qualification of any of
the Registrable Securities for sale in any jurisdiction, or the initiation or
threatening of any proceeding for such purpose; and (vi) of the occurrence of
any event that to the best knowledge of the Company makes any statement made in
the Registration Statement or Prospectus or any document incorporated or deemed
to be incorporated therein by reference untrue in any material respect or that
requires any revisions to the Registration Statement, Prospectus or other
documents so that, in the case of the Registration Statement or the Prospectus,
as the case may be, it will not contain any untrue statement of a material fact
or omit to state any material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading.  In addition, the Company shall communicate with
the Investor’s Counsel with regard to its proposed written responses to the
comments contemplated in clause (C) of this Section 3(d), so that, to the extent
practicable, the Investors shall have the opportunity to comment
thereon;

    

    (e)          Furnish
to the Investor and to Investor’s Counsel (i) promptly after the same is
prepared and publicly distributed, filed with the SEC, or received by the
Company, one (1) copy of the Registration Statement, each preliminary prospectus
and prospectus, and each amendment or supplement thereto, and (ii) such number
of copies of a prospectus, and all amendments and supplements thereto and such
other documents, as the Investor may reasonably request in order to facilitate
the disposition of the Registrable Securities owned by the
Investor;

    

    (f)      
    As promptly as practicable after becoming aware thereof,
notify the Investor of the happening of any event of which the Company has
knowledge, as a result of which the prospectus included in the Registration
Statement, as then in effect, includes an untrue statement of a material fact or
omits to state a material fact required to be stated therein or necessary to
make the statements therein, in light of the circumstances under which they were
made, not misleading, and use its best efforts promptly to prepare a supplement
or amendment to the Registration Statement or other appropriate filing with the
SEC to correct such untrue statement or omission, and deliver a number of copies
of such supplement or amendment to the Investor as the Investor may reasonably
request;

    

    (g)          As
promptly as practicable after becoming aware thereof, notify the Investor of the
issuance by the SEC of a Notice of Effectiveness or any notice of effectiveness
or any stop order or other suspension of the effectiveness of the Registration
Statement at the earliest possible time;

    

    (h)          Comply
with Regulation FD or any similar rule or regulation regarding the dissemination
of information regarding the Company, and in furtherance of the foregoing, and
not in limitation thereof, not disclose to the Investor any non-public material
information regarding the Company;

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (i)           Notwithstanding
the foregoing, if at any time or from time to time after the date of
effectiveness of the Registration Statement, the Company notifies the Investor
in writing that the effectiveness of the Registration Statement is suspended for
any reason, whether due to a Potential Material Event or otherwise, the Investor
shall not offer or sell any Registrable Securities, or engage in any other
transaction involving or relating to the Registrable Securities, from the time
of the giving of such notice until the Investor receives written notice from the
Company that such the effectiveness of the Registration Statement has been
restored, whether because the Potential Material Event has been disclosed to the
public or it no longer constitutes a Potential Material Event or otherwise;
provided, however, that the
Company may not so suspend the right to such holders of Registrable Securities
during the periods the Registration Statement is required to be in effect other
than during a Permitted Suspension Period (and the applicable provisions of
Section 2(b) shall apply with respect to any such suspension other than during a
Permitted Suspension Period);

    

    (j)         
 Use its reasonable efforts to secure and maintain the designation of all
the Registrable Securities covered by the Registration Statement on the
Principal Trading Market and the quotation of the Registrable Securities on the
Principal Trading Market;

    

    (k)          Provide
a transfer agent (“Transfer
Agent”) and registrar, which may be a single entity, for the Registrable
Securities not later than the initial Effective Date;

    

    (l)           Cooperate
with the Investor to facilitate the timely preparation and delivery of
certificates for the Registrable Securities to be offered pursuant to the
Registration Statement and enable such certificates for the Registrable
Securities to be in such denominations or amounts as the case may be, as the
Investor may reasonably request, and, within five (5) trading days after a
Registration Statement which includes Registrable Securities is ordered
effective by the SEC, the Company shall deliver, and shall cause legal counsel
selected by the Company to deliver, to the Transfer Agent for the Registrable
Securities (with copies to the Investor) an appropriate instruction and opinion
of such counsel, which shall include, without limitation, directions to the
Transfer Agent to issue certificates of Registrable Securities (including
certificates for Registrable Securities to be issued after the Effective Date
and replacement certificates for Registrable Securities previously issued)
without legends or other restrictions, subject to compliance with applicable law
and other rules and regulations, including, without limitation, prospectus
delivery requirements;

    

    (m)         Take
all other reasonable administrative steps and actions necessary to expedite and
facilitate disposition by the Investor of the Registrable Securities pursuant to
the Registration Statement; provided, however, that the foregoing does not
require that the Company take any steps whatsoever regarding the identification
or selection of a broker to sell the Registrable Securities, the identification
of buyers of the Registrable Securities, or the negotiation of the
sale  terms of the Registrable Securities; and

    

    (n)      
   Not file any other registration statement (other than the
Registration Statement and amendments thereto) during the period commencing on
the Closing Date and ending on the Effective Date.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.           Obligations of the
Investor.  In connection with the registration of the
Registrable Securities, the Investor shall have the following
obligations:

    

    (a)          The
Investor, by its acceptance of the Registrable Securities, agrees to cooperate
with the Company as reasonably requested by the Company in connection with the
preparation and filing of the Registration Statement hereunder, unless the
Investor has notified the Company in writing of the Investor’s election to
exclude all of its Registrable Securities from the Registration Statement;
and

    

    (b)          The
Investor agrees that, upon receipt of any notice from the Company of the
happening of any event of the kind described in Section 3(f), (g) or (i) above,
the Investor will immediately discontinue disposition of Registrable Securities
pursuant to the Registration Statement covering such Registrable Securities
until the Investor’s receipt of the copies of the supplemented or amended
prospectus contemplated by Section 3(f), (g) or (i), and, if so directed by the
Company, the Investor shall deliver to the Company (at the expense of the
Company) or destroy (and deliver to the Company a certificate of destruction)
all copies in the Investor’s possession, of the prospectus covering such
Registrable Securities current at the time of receipt of such
notice.

    

    5.           Expenses of
Registration.   All reasonable expenses (other than
underwriting discounts and commissions of the Investor) incurred in connection
with registrations, filings or qualifications pursuant to Section 3, but
including, without limitation, all registration, listing, and qualifications
fees, printers and accounting fees, the fees and disbursements of counsel for
the Company shall be borne by the Company.  In addition, a fee for a
single counsel for the Investor equal to $2,000.00 for the review of each
Registration Statement shall be borne by the Company.

    6.           Indemnification.  In
the event any Registrable Securities are included in a Registration Statement
under this Agreement:

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (a)          To
the extent permitted by law, the Company will indemnify and hold harmless the
Investor, the directors, if any, of the Investor, and the officers, if any, of
the Investor (each, an “Indemnified
Party”), against any losses, claims, damages, liabilities or expenses
(joint or several) incurred (collectively, “Claims”)
to which any of them may become subject under the Securities Act, Securities
Exchange Act of 1934, as amended (the “Exchange
Act”), or otherwise, insofar as such Claims (or actions or proceedings,
whether commenced or threatened, in respect thereof) arise out of or are based
upon any of the following statements, omissions or violations in the
Registration Statement, or any post-effective amendment thereof, or any
prospectus included therein: (i) any untrue statement or alleged untrue
statement of a material fact contained in the Registration Statement or any
post-effective amendment thereof or the omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading, (ii) any untrue statement or alleged untrue
statement of a material fact contained in the final prospectus (as amended or
supplemented, if the Company files any amendment thereof or supplement thereto
with the SEC) or the omission or alleged omission to state therein any material
fact necessary to make the statements made therein, in light of the
circumstances under which the statements therein were made, not misleading or
(iii) any violation or alleged violation by the Company of the Securities Act,
the Exchange Act, any state securities law or any rule or regulation under the
Securities Act, the Exchange Act or any state securities law (the matters in the
foregoing clauses (i) through (iii) being, collectively referred to as “Violations”).  Subject
to clause (b) of this Section 6, the Company shall reimburse the Investor,
promptly as such expenses are incurred and are due and payable, for any legal
fees or other reasonable expenses incurred by it in connection with
investigating or defending any such Claim.  Notwithstanding anything
to the contrary contained herein, the indemnification agreement contained in
this Section 6(a) shall not (I) apply to any Claim arising out of or based upon
a Violation which occurs in reliance upon and in conformity with information
furnished in writing to the Company by or on behalf of such Indemnified Party
expressly for use in connection with the preparation of the Registration
Statement,  any such amendment thereof or supplement thereto or
prospectus, if such prospectus (or supplement or amendment thereto) was timely
made available by the Company pursuant to Section 3(b) hereof;  (II)
be available to the extent such Claim is based on a failure of the Investor to
deliver or cause to be delivered the prospectus made available by the Company or
the amendment or supplement thereto made available by the Company; (III) be
available to the extent such Claim is based on the delivery of a prospectus by
the Investor after receiving notice from the Company under Section 3(f), (g) or
(i) hereof (other than a notice regarding the effectiveness of the Registration
Statement or any amendment or supplement thereto), or (IV) apply to amounts paid
in settlement of any Claim if such settlement is effected without the prior
written consent of the Company, which consent shall not be unreasonably withheld
or delayed.  The Investor will indemnify the Company and its officers,
directors and agents (each, an “Indemnified
Party”) against any claims arising out of or based upon a Violation which
occurs in reliance upon and in conformity with information furnished in writing
to the Company, by or on behalf of the Investor, expressly for use in connection
with the preparation of the Registration Statement or the amendment or
supplement thereto, subject to such limitations and conditions as are applicable
to the indemnification provided by the Company pursuant to this Section 6. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Indemnified Party and shall survive the transfer of
the Registrable Securities by the Investor pursuant to Section
10.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (b)          Promptly
after receipt by an Indemnified Party under this Section 6 of notice of the
commencement of any action (including any governmental action), such Indemnified
Party shall, if a Claim in respect thereof is to be made against any
indemnifying party under this Section 6, deliver to the indemnifying party a
written notice of the commencement thereof and the indemnifying party shall have
the right to participate in, and, to the extent the indemnifying party so
desires, jointly with any other indemnifying party similarly noticed, to assume
control of the defense thereof with counsel satisfactory to the indemnifying
party (provided such counsel shall not have a conflict of interest with the
Indemnified Party and provided that all defenses available to the Indemnified
Party can be maintained without prejudicing the rights of the indemnifying
party).  In case any such action is brought against any Indemnified
Party, and it notifies the indemnifying party of the commencement thereof, the
indemnifying party will be entitled to participate in, and, to the extent that
it may wish, jointly with any other indemnifying party similarly notified,
assume the defense thereof, subject to the provisions herein stated and after
notice from the indemnifying party to such Indemnified Party of its election so
to assume the defense thereof, the indemnifying party will not be liable to such
Indemnified Party under this Section 6 for any legal or other reasonable
out-of-pocket expenses subsequently incurred by such Indemnified Party in
connection with the defense thereof other than reasonable costs of
investigation, unless the indemnifying party shall not pursue the action to its
final conclusion.  The Indemnified Party shall have the right to
employ separate counsel in any such action and to participate in the defense
thereof, but the fees and reasonable out-of-pocket expenses of such counsel
shall not be at the expense of the indemnifying party if the indemnifying party
has assumed the defense of the action with counsel as provided
above.  The failure to deliver written notice to the indemnifying
party within a reasonable time of the commencement of any such action shall not
relieve such indemnifying party of any liability to the Indemnified Party under
this Section 6, except to the extent that the indemnifying party is prejudiced
in its ability to defend such action.  The indemnification required by
this Section 6 shall be made by periodic payments of the amount thereof during
the course of the investigation or defense, as such expense, loss, damage or
liability is incurred and is due and payable; provided, however, that the
Investor shall not obligated to make any indemnification payment to the Company
under this Section 6 unless and until there has been a final adjudication of
liability on the part of the Investor.

    

    7.           Contribution.  To
the extent any indemnification by an indemnifying party is prohibited or limited
by law, the indemnifying party agrees to make the maximum contribution with
respect to any amounts for which it would otherwise be liable under Section 6 to
the fullest extent permitted by law; provided, however, that (a) no
contribution shall be made under circumstances where the maker would not have
been liable for indemnification under the fault standards set forth in Section
6; (b) no seller of Registrable Securities guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any seller of Registrable Securities who
was not guilty of such fraudulent misrepresentation; and (c) except where the
seller has committed fraud (other than a fraud by reason of the information
included or omitted from the Registration Statement as to which the Company has
not given notice as contemplated under Section 3 hereof) or intentional
misconduct, contribution by any seller of Registrable Securities shall be
limited in amount to the net amount of proceeds received by such seller from the
sale of such Registrable Securities.

    

    8.           Reports under Securities Act and
Exchange Act.  With a view to making available to Investor the
benefits of Rule 144 promulgated under the Securities Act or any other similar
rule or regulation of the SEC that may at any time permit Investor to sell
securities of the Company to the public without Registration (“Rule
144”), the Company agrees to:

    

    (a)          make
and keep public information available, as those terms are understood and defined
in Rule 144;

    

    (b)          file
with the SEC in a timely manner all reports and other documents required of the
Company under the Securities Act and the Exchange Act; and

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (c)          furnish
to the Investor so long as the Investor owns Registrable Securities, promptly
upon request, (i) a written statement by the Company that it has complied with
the reporting requirements of Rule 144, the Securities Act and the Exchange Act,
(ii) if not available on the SEC’s EDGAR system, a copy of the most recent
annual or quarterly report of the Company and such other reports and documents
so filed by the Company and (iii) such other information as may be reasonably
requested to permit the Investor to sell such securities pursuant to Rule 144
without Registration; and

    

    (d)          at
the request of the Investor, give its Transfer Agent instructions (supported by
an opinion of Company counsel, if required or requested by the Transfer Agent)
to the effect that, upon the Transfer Agent’s receipt from the Investor
of:

    

    (i) a
certificate (a “Rule 144
Certificate”) certifying (A) that the Investor’s holding period (as
determined in accordance with the provisions of Rule 144) for the shares of
Registrable Securities which the Investor proposes to sell (the “Securities Being
Sold”) is not less than six months and (B) as to such other matters as
may be appropriate in accordance with Rule 144 under the Securities Act,
and

    

    (ii) an
opinion of counsel acceptable to the Company (for which purposes it is agreed
that the Investor’s Counsel shall be deemed acceptable) that, based on the Rule
144 Certificate, Securities Being Sold may be sold pursuant to the provisions of
Rule 144, even in the absence of an effective Registration
Statement,

    

    the
Transfer Agent is to effect the transfer of the Securities Being Sold and issue
to the buyer(s) or transferee(s) thereof one or more stock certificates
representing the transferred Securities Being Sold without any restrictive
legend and without recording any restrictions on the transferability of such
shares on the Transfer Agent’s  books and records (except to the
extent any such legend or restriction results from facts other than the identity
of the Investor, as the seller or transferor thereof, or the status, including
any relevant legends or restrictions, of the shares of the Securities Being Sold
while held by the Investor). If the Transfer Agent reasonably requires any
additional documentation at the time of the transfer, the Company shall deliver
or cause to be delivered all such reasonable additional documentation as may be
necessary to effectuate the issuance of an unlegended certificate.

    

    9.           Piggyback Registrations. The
Company shall notify the Investor in writing at least 15 business days prior to the filing
of any Registration Statement under the Securities Act for purposes of a public
offering of securities of the Company (including, but not limited to,
Registration Statements relating to secondary offerings of securities of the
Company) and will afford the Investor an opportunity to include in such
Registration Statement all or part of the Registrable Securities it holds. If
the Investor desires to include in any such Registration Statement all or any
part of the Registrable Securities held by it, the Investor shall, within 15
business days after the above-described notice from the Company, so notify the
Company in writing. Such notice shall state the intended method of disposition
of the Registrable Securities by the Investor. In the event the Investor desires
to include less than all of its Registrable Securities in any Registration
Statement it shall continue to have the right to include any Registrable
Securities in any subsequent Registration Statement or Registration Statements
as may be filed by the Company with respect to offerings of its securities, all
upon the terms and conditions set forth herein.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    10.         Assignment of the Registration
Rights.  The rights to have the Company register Registrable
Securities pursuant to this Agreement shall be automatically assigned by the
Investor to any transferee of the Registrable Securities (or all or any portion
of any unconverted Purchased Shares) only if the Company is, within a reasonable
time after such transfer or assignment, furnished with written notice of (a) the
name and address of such transferee or assignee, (b) the securities with respect
to which such registration rights are being transferred or assigned, and (c)
written evidence of the transferee’s assumption of the Investor’s obligations
under this Agreement.

    

    11.         Amendment of Registration
Rights.  Any provision of this Agreement may be amended and the
observance thereof may be waived (either generally or in a particular instance
and either retroactively or prospectively), only with the written consent of the
Company and the Investor.  Any amendment or waiver effected in
accordance with this Section 11 shall be binding upon the Investor and the
Company.

    

    12.         Miscellaneous.

    

    (a)          A
person or entity is deemed to be a holder of Registrable Securities whenever
such person or entity owns of record such Registrable Securities.  If
the Company receives conflicting instructions, notices or elections from two or
more persons or entities with respect to the same Registrable Securities, the
Company shall act upon the basis of instructions, notice or election received
from the registered owner of such Registrable Securities.

    

    (b)          Notices
required or permitted to be given hereunder shall be given in the manner
contemplated by the Purchase Agreement, if to the Company or to the Investor, to
their respective address contemplated by the Purchase Agreement, or at such
other address as each such party furnishes by notice given in accordance with
this Section 12(b).

    

    (c)          Failure
of any party to exercise any right or remedy under this Agreement or otherwise,
or delay by a party in exercising such right or remedy, shall not operate as a
waiver thereof.

    

    (d)      
   This Agreement shall be governed by and interpreted in
accordance with the laws of the State of Illinois for contracts to be wholly
performed in such state and without giving effect to the principles thereof
regarding the conflict of laws.  Each of the parties consents to the
exclusive jurisdiction of the federal courts whose districts encompass any part
of the County of Cook or the state courts of the State of Illinois sitting in
the County of Cook in connection with any dispute arising under this Agreement
and hereby waives, to the maximum extent permitted by law, any objection,
including any objection based on forum non coveniens, to the
bringing of any such proceeding in such jurisdictions.

    

    (e)          The
Company and the Investor hereby waive a trial by jury in any action, proceeding
or counterclaim brought by either of the parties hereto against the other in
respect of any matter arising out of or in connection with this Agreement or any
of the other Transaction Agreements.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    (f)           If
any one or more of the provisions contained herein, or the application thereof
in any circumstance, is held invalid, illegal or unenforceable in any respect
for any reason, the validity, legality and enforceability of any such provision
in every other respect and of the remaining provisions hereof shall not be in
any way impaired, unless the provisions held invalid, illegal or unenforceable
shall substantially impair the benefits of the remaining provisions
hereof.

    

    (g)          Subject
to the requirements of Section 10 hereof, this Agreement shall inure to the
benefit of and be binding upon the successors and assigns of each of the parties
hereto.

    

    (h)          All
pronouns and any variations thereof refer to the masculine, feminine or neuter,
singular or plural, as the context may require.

    

    (i)           The
headings in this Agreement are for convenience of reference only and shall not
limit or otherwise affect the meaning thereof.

    

    (j)           This
Agreement may be executed in one or more counterparts, each of which shall be
deemed an original but all of which shall constitute one and the same
agreement.  This Agreement, once executed by a party, may be delivered
to the other party hereto by telephone line facsimile transmission of a copy of
this Agreement bearing the signature of the party so delivering this
Agreement.

    

    (k)          The
Company acknowledges that any failure by the Company to perform its obligations
under Section 3(a) hereof, or any delay in such performance could result in loss
to the Investor, and the Company agrees that, in addition to any other liability
the Company may have by reason of such failure or delay, the Company shall be
liable for all direct damages caused by any such failure or delay, unless the
same is the result of force majeure.  Neither party shall be liable
for consequential damages.

    

    (l)           This
Agreement (including to the extent relevant the provisions of other Transaction
Agreements) constitutes the entire agreement among the parties hereto with
respect to the subject matter hereof and supersedes all prior agreements and
understandings among the parties hereto with respect to the subject matter
hereof.  There are no restrictions, promises, warranties or
undertakings, other than those set forth or referred to herein.

    

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    IN WITNESS WHEREOF, the
parties have caused this Agreement to be duly executed by their respective
officers thereunto duly authorized as of the day and year first above
written.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 	
                                            COMPANY:

                                          
	 	 
      
	 	
                                            EGPI FIRECREEK,
      INC.,

                                          
	 	
                                            a
      Nevada corporation

                                          
	 	
                                            By:

                                          	
                                            

                                          
	 	 	

                                            Name:  Dennis
      R Alexander

                                          
	 	 	

                                            Title:  CEO

                                          
	 	 
      
	 	
                                            INVESTOR:

                                          
	 	 
      
	 	
                                            ST. GEORGE INVESTMENTS,
      LLC,

                                          
	 	
                                            an
      Illinois limited liability company

                                          
	 	 	 
	 	
                                            By:

                                          	
                                             

                                          
	 	 	

                                            John
      M. Fife,
Manager

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      SIGNATURE
PAGE TO REGISTRATION RIGHTS AGREEMENT

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