Document:

Exhibit
      10.02

    

    ASSIGNMENT
      OF REVENUE INTEREST

    

    THIS
      AGREEMENT
      made as
      of this 6th
      day of
      December, 2005 between FRMO CORP, a Delaware corporation (“FRMO”) and FROMEX
      EQUITY CORP, a Delaware corporation (“Fromex”).

    

    WHEREAS:

    

    A. The
      parties hereto have executed a Consulting Agreement dated December 1, 2005
      (the
“Consulting Agreement”) providing for Fromex to perform consulting and
      management services to FRMO for which FRMO has agreed to pay to Fromex 10%
      of
      FRMO’s cash receipts commencing December 1, 2005;

    

    B. FRMO,
      has
      organized Horizon Global Advisers LLC a Delaware limited liability company
      (“Horizon Advisers”) to act as the investment adviser for Horizon Global
      Advisers Fund, plc and its sub-funds (together “Horizon Fund”) from which FRMO
      expects to receive fees by reason of FRMO’s 60% interest in Horizon Advisers
      (herein “Horizon Global Cash Fees”);

    

    C. FRMO
      hereby assigns and transfers to Fromex a 66 2/3% revenue interest (the “Revenue
      Interest”) in the Horizon Cash Fees which FRMO shall receive, in consideration
      of the sum of $250,000, the receipt of which amount FRMO does hereby acknowledge
      and contribute to the capital of Fromex.

     

    NOW
      THEREFORE,
      in
      consideration of the sum of $250,000, FRMO does hereby sell, assign and transfer
      to Fromex, its successors and assigns, a Two Thirds (66 2/3%) Revenue Interest
      in the Horizon Cash Fees and it is hereby agreed between the parties as
      follows:

    

    1. Term.
      The
      Revenue Interest shall be in effect on the date hereof and continue in effect
      in
      perpetuity so long as FRMO, or its successors and assigns, receive fees, in
      cash, from Horizon Advisers.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.  Exclusion.
      Fromex
      agrees that it shall not also be entitled to receive 10% of the Horizon Cash
      Fees under the Consulting Agreement in addition to the Revenue Interest hereby
      sold, assigned and transferred by FRMO to Fromex. FRMO agrees to use its best
      efforts to increase the Horizon Cash Fees, and to keep the Horizon Fund in
      full
      force and effect.

    

    3. Revenue
      Interest.
      As and
      for its Revenue Interest FRMO shall pay to Fromex in perpetuity sixty six and
      two thirds (66 2/3%) percent of the total cash receipts that FRMO, or its
      successors and assigns, receives as fees from Horizon Advisers so long as such
      fees are paid to FRMO. Said two-thirds share shall be based only on the money
      actually received as fees by FRMO from Horizon Advisers in each three (3) month
      period beginning after the date hereof. The payment of such share shall be
      made
      at the close of the month following the end of each three month period ending
      on
      the last days of February, May, August and November of each year, less any
      advances, which FRMO shall have made to FROMEX on account thereof.

    

    4.  Arbitration
      and Choice of Laws.
      The
      laws of the State of New York shall govern this Agreement, without regard to
      the
      conflict of laws principles thereof. The parties irrevocably agree that all
      disagreements or controversies in any way, manner or respect, arising out of
      or
      related to this Agreement shall be resolved by binding arbitration in New York
      City in accordance with the Rules of the American Arbitration Association.
      Each
      party hereby consents and submits to the jurisdiction of the American
      Arbitration Association and hereby waives any rights the party may have to
      transfer or change the venue of any such dispute. The prevailing party in any
      arbitration in connection with this Agreement shall be entitled to recover
      from
      the other party all costs and expenses, including without limitation reasonable
      fees of attorneys and paralegals, incurred by such party in connection with
      any
      such arbitration or court proceeding to enforce the award made in the
      arbitration proceeding. Each party consents to the jurisdiction of the Supreme
      Court of the State of New York, County of New York to enforce any such
      arbitration result. 

    

    5.  Further
      Assurances.
      The
      parties shall execute and deliver such further instruments and do such further
      acts and things as may be required in good faith to carry out the intent and
      purpose of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    6.
       Binding
      on Successors.
      This
      Agreement shall be binding on, and inure to the benefit of, the parties hereto,
      their successors and assigns.

    

    7. Severability.
      If any
      provision of this Agreement or its application to any circumstance shall be
      finally determined by any court of competent jurisdiction to be invalid or
      unenforceable then the same is hereby declared to be severable and the remainder
      of this Agreement and the application of such provisions or circumstances other
      than so determined to be invalid or unenforceable shall not be affected
      hereby.

    

    8. Effect
      of Waiver or Consent.
      A
      waiver or consent, express or implied, to or of any breach or default by any
      party in the performance by that party of its obligations hereunder is not
      a
      consent or waiver to or of any other breach or default in the performance by
      that party of the same or any other obligations of that party. Failure on the
      part of a party to complain of any act or omission or to declare any party
      in
      default hereunder, irrespective of how long that failure continues, does not
      constitute a waiver by that party of its rights with respect to that
      default.

    

    9. Supersedes
      Prior Agreement.
      This
      Agreement shall supersede any prior agreement or understanding made by the
      parties prior to the date hereof and constitutes the entire agreement between
      the parties with respect to the subject matter. This Agreement is not intended
      to confer upon any person other than the parties hereto any rights or remedies
      hereunder.

    

    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Agreement to be executed as of the date first
      above written.

     

    
      	 	 	 
	 	FRMO
              CORP.
	 
 	 
 	 
 
	
            	By:  	/s/
              Murray Stahl
	 	
              
Murray
              Stahl, CEO

       

      
        	 	 	 
	 	
                FROMEX
                  EQUITY CORP.

              
	 
 	 
 	 
 
	
              	By:  	/s/
                Steven Bregman
	 	
                

                Steven
                  Bregman, President

              

      

       

      Note
        not included in the copy to be signed per LJT
        6-15-06

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    Valuation
      of 66 2/3 Revenue Interest in

    Horizon
      Global Advisers at 12/6/05

     

    
      
        	
                Net
                  Asset Value 

              	 	
                $

              	
                22,000,000

              	 
	
                Management
                  Fee @ 1.15% 

              	 	
                $

              	
                253,000

              	 
	
                Expenses
                  50% rounded 

              	 	 	
                128,000

              	 
	
                Net
                  Profit 

              	 	 	
                125,000
                  

              	 
	
                60%
                  allocable to FRMO 

              	 	 	
                75,000
                  

              	 
	
                2/3
                  Revenue Interest 

              	 	 	
                50,000
                  

              	 
	
                Value
                  2/3 Revenue Interest 

              	 	 	 	 
	
                5
                  x
                  50,000

              	 	
                $

              	
                250,000

              	 

      

       

    

    Fromex: Assignment
      of Revenue Interest 6/13/06EXHIBIT
      10.1

    

    EXCLUSIVITY
      AGREEMENT

     

    This
      EXCLUSIVITY AGREEMENT (this “Agreement”), is entered into, as of November 10,
      2006, by and between Black Sands Petroleum, Inc., a Nevada corporation with
      offices at Suite 328, 369 Rocky Vista Park Drive, Calgary, Alberta T3G 5K7
      (“Blacksands”), and Access Energy Inc., an [Ontario] corporation with offices at
      Suite 1405, 220 Bay Street, Toronto, Ontario M5J 2W4. 

     

    The
      parties have engaged in preliminary, non-binding discussions regarding the
      terms
      of a possible transaction between Access and Blacksands pursuant to which
      Blacksands would purchase a significant interest in Access (the “Transaction”).

    

    As
      a
      condition to pursuing the Transaction, Blacksands has requested that Access
      enter into this Agreement and Access is willing to do so. 

    

    NOW,
      THEREFORE, in consideration of the foregoing and other good and valuable
      consideration, and intending to be legally bound, the parties hereto agree
      as
      follows: 

    

    1.  Exclusivity.
      Access
      agrees that it shall not, and shall not permit any of its respective
      subsidiaries or affiliates, and will cause its respective officers, directors,
      employees, agents and representatives not to, at any time during the one hundred
      and twenty (120) day period commencing on the date hereof (the “Exclusivity
      Period”), directly or indirectly, (a) solicit, initiate or encourage submission
      of further proposals or offers from any person, other than Blacksands, relating
      to any acquisition or purchase of all or a significant portion of the assets
      of,
      or any equity interest in, Access, any of its subsidiaries or affiliates
      controlled by Access or any business combination involving Access or any of
      its
      subsidiaries or affiliates controlled by Access, or the declaration or payment
      of any dividend or any change in the public debt or capital structure of Access
      or any of its subsidiaries or affiliates controlled by Access, (b) participate
      in any negotiations regarding, or furnish to any other person any additional
      non-public information with respect to, or otherwise further cooperate in any
      way with, or assist or participate in, facilitate or encourage, any effort
      or
      attempt by any other person other than Blacksands to do or seek any of the
      foregoing. During the Exclusivity Period, Access shall promptly advise
      Blacksands if any such proposal or offer, or any inquiry or contact with any
      person with respect thereto, is made, shall promptly inform Blacksands of all
      the terms and conditions thereof, and shall furnish to Blacksands copies of
      any
      such written proposal or offer and the contents of any communications in
      response thereto. During the Exclusivity Period, Access shall not, without
      the
      consent of Blacksands, enter into, or commit to enter into, any material
      transaction outside the ordinary course of business or any transactions of
      the
      type described in Paragraph 1(a). In addition, Access agrees that it will
      immediately cease, from the date hereof through the end of the Exclusivity
      Period, any existing discussions or negotiations with any party other than
      Blacksands or its affiliates that relate to, or may reasonably be expected
      to
      lead to, any transaction outside of the ordinary course of business, consistent
      with its past practices, or any transaction of the type described in Paragraph
      1(a). If Blacksands notifies Access in writing that Blacksands is terminating
      discussions regarding the potential Transaction, then Access shall have the
      right to immediately terminate the Exclusivity Period. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.  Access.
      Upon
      reasonable advance notice to Access, Access shall allow Blacksands and its
      representatives full and complete access to the assets and the books, records
      and documents of Access and its subsidiaries and affiliates during normal
      business hours or such other hours as Access and Blacksands shall agree and
      subject to the reasonable rules of Access, and Access shall make available
      (subject to the same conditions) the officers, employees, attorneys, independent
      accountants and other agents of Access and its subsidiaries and affiliates
      to
      discuss the business, condition (financial or otherwise) or prospects of Access
      in furtherance of the Transaction. 

    

    3.  Confidentiality.
      In
      connection with Blacksands’ evaluation (the "Evaluation") of the business and
      prospects of Access with respect to a possible Transaction, Blacksands will
      have
      access to certain information about the properties, business operations and
      financial condition of Access. All information about Access furnished by Access
      or its affiliates, or its directors, officers, employees, attorneys, accountants
      or controlling persons (collectively, "Representatives"), whether furnished
      before or after the date hereof, regardless of the manner in which it is
      furnished, is referred to in this Agreement as "Proprietary Information".
      Proprietary Information does not include, however, information which (i) is
      or
      becomes generally available to the public other than as a result of a disclosure
      by Blacksands or its Representatives, (ii) was available to Blacksands on a
      nonconfidential basis prior to its disclosure by Access or (iii) becomes
      available to Blacksands on a nonconfidential basis from a person other than
      Access who is not otherwise bound by a confidentiality agreement with Access
      or
      its Representatives, or is not otherwise prohibited from transmitting the
      information to Blacksands. As used in this Agreement, the term "person" shall
      be
      broadly interpreted to include, without limitation, any corporation, company,
      partnership, association, entity or individual.

    

    a.  Unless
      otherwise agreed to in writing by Access, Blacksands agree on behalf of itself
      and its Representatives (i) except as required by law, to keep all Proprietary
      Information confidential and not to disclose or reveal any Proprietary
      Information to any person other than to its Representatives who are actively
      and
      directly participating in the Evaluation and to cause such persons to observe
      the terms of this letter agreement and (ii) not to use any Proprietary
      Information for any purpose other than in connection with the Evaluation in
      a
      manner which Access has approved. Blacksands will be responsible for any breach
      of the terms hereunder by itself or its Representatives.

    

    b.  In
      the
      event that Blacksands is requested pursuant to, or required by, applicable
      law
      or regulation or by legal process to disclose any Proprietary Information,
      Blacksands agrees that it will provide Access with prompt notice of such
      request(s) to enable Access to seek an appropriate protective order. In the
      event that such protective order or other remedy is not obtained, Blacksands
      agrees to furnish only that portion of the Proprietary Information which it
      is
      legally compelled to disclose.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    c.  The
      Proprietary Information shall remain the property of Access. Upon Blacksands’
completion of the Evaluation or upon Access’ request, Blacksands will promptly
      deliver to Access or at its request destroy all of the Proprietary Information,
      including all copies, reproductions, summaries, analyses or extracts thereof
      or
      based thereon in Blacksands’ possession or in the possession of any of its
      Representatives.

    

    4.  Publicity.
      This
      Agreement is intended to be confidential and its existence shall not be
      disclosed by Blacksands or Access to any person unless required by law or the
      rules or regulations of the Nasdaq OTCBB or unless requested by any regulatory
      agency, including, but not limited to, the Unite States Securities and Exchange
      Commission; provided,
      however,
      that
      the foregoing shall not prohibit a party from making any such disclosure to
      any
      of the following (“Permitted Recipients”): (i) officers and directors of such
      party or any subsidiary, (ii) agents and advisors of such party or its
      subsidiaries (including legal, tax and financial advisors), (iii) applicable
      governmental authorities in connection with requesting approval for the proposed
      Transaction, and (iv) any other person with the prior consent of the other
      parties. In the event either party determines that any public announcement
      of
      this Agreement is required, it shall afford the other party the opportunity
      to
      review and comment on such public announcement prior to its release. In any
      event, if any party discloses, without the prior written consent of the other
      parties, the fact that discussions concerning a Transaction between the parties
      are taking place or the status or terms of any possible Transaction to any
      person other than a Permitted Recipient, then Blacksands (in the case of a
      disclosure by Access or any of its Permitted Recipients described in clause
      (i)
      or (ii) of the definition thereof) or (ii) Access (in the case of a disclosure
      by Blacksands or any of its Permitted Recipients described in clause (i) or
      (ii)
      of the definition thereof) may terminate discussions concerning the Transaction
      and the Exclusivity Period. 

    

    5.  Fees
      and Expenses.

    

    a.  As
      consideration for the grant of the Exclusivity Period, Blacksands shall pay
      Access the sum of $100,000 Canadian (the “Exclusivity Fee”). The Exclusivity Fee
      shall be refundable only in the event of a breach of this Agreement by Access;
      otherwise, the Exclusivity Fee shall be non-refundable. In the event the parties
      proceed to consummate a Transaction, the Exclusivity Fee shall be applied in
      its
      entirety to monies otherwise payable by Blacksands to Access in connection
      therewith.

    

    b.  Each
      party shall be responsible for all expenses incurred by it in connection with
      the activities contemplated by this Agreement. 

    

    6.  No
      Agreement Regarding the Transaction.
      There
      are no legally binding obligations among the parties relating to the Transaction
      except those specifically set forth herein. Each party acknowledges and agrees
      that this Agreement expresses the parties’ interests in continuing discussions
      regarding the Transaction and is not intended to, and does not, create any
      legally binding obligation on any party to consummate the Transaction. Such
      an
      obligation will arise only upon the negotiation, execution and delivery of
      final
      definitive agreements relating to the Transaction in form and substance
      satisfactory to the parties and their respective counsel. Neither the
      discussions or negotiations between the parties hereto nor this Agreement is
      intended to, and they do not, create any fiduciary or other special duties
      or
      obligations between the parties hereto other than those specifically set forth
      herein, including any implied covenant of good faith or fair dealing.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    7.  Non-Assignability.
      This
      Agreement shall not be assignable without the prior written consent of the
      non-assigning party. 

    

    8.  Governing
      Law.
      This
      Agreement shall be governed by and construed in accordance with the laws of
      New
      York. 

    

    9.  Entire
      Agreement.
      This
      Agreement constitutes the entire agreement between the parties with respect
      to
      the subject matter hereof and supersedes any prior oral or written agreements
      related thereto. 

    

    10.  Amendments
      and Waivers.
      Neither
      this Agreement nor any of the terms hereof may be terminated, amended or waived
      orally, but only by an instrument in writing signed by the party against which
      enforcement of the termination, amendment or waiver is sought. The performance
      or observance of any provision of this Agreement may be waived in whole or
      in
      part and any period of time relating to such performance or observance may
      be
      extended from time to time, as agreed by the parties hereto. 

    

    11.  Counterparts.
      This
      Agreement may be executed in one or more counterparts, each of which shall
      be
      deemed an original, and it shall not be necessary in making proof of this
      Agreement to produce or account for more than one such counterpart.

    

    12.  Termination.
      This
      Agreement will terminate upon the earliest of (a) termination or expiration
      of
      the Exclusivity Period in accordance with the terms hereof, (b) execution by
      the
      parties of definitive agreements with respect to a Transaction or (c) such
      earlier date as may be agreed upon by the parties hereto. Notwithstanding the
      foregoing, in the event this Agreement is terminated, the parties hereto agree
      that the provisions of Sections 3, 5, 7, 11 and the last sentence of Section
      4
      hereof shall survive any such termination and shall continue in full force
      and
      effect. 

     

    [Signature
      Page Follows]

     

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be
      duly
      executed on its behalf by its officer thereunto duly authorized, all as of
      the
      day and year first above written. 

    

    

    BLACKSANDS
      PETROLEUM, INC.

    

    

    

    By: /s/
      Darren Stevenson

    Darren
      R.
      Stevenson

    President
      and Chief Executive Officer

    

    

    ACCESS
      ENERGY INC.

    

    

    

    By: /s/
      Paul Parisotto

    Paul
      Parisotto

    President
      and Chief Executive Officer

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