Document:

EXHIBIT
4.5

    EUGENIC
CORP.

     

    COMPENSATION COMMITTEE
CHARTER

    

    This
Compensation Committee Charter (the “Charter”) has been adopted by the Board of
Directors (the “Board”) of Eugenic Corp. (the “Company”).  The
Compensation Committee of the Board (the “Committee”) shall review and reassess
this charter annually and recommend any proposed changes to the Board for
approval.

    

    Composition

    

    The
Compensation Committee will be comprised of two independent directors in
accordance with applicable regulatory authorities.

    

    The
Committee members will be elected annually at the first meeting of the Board of
Directors following the annual general shareholders meeting.

    

    One
member of the Committee shall be appointed as chair.  The chair shall
be responsible for leadership of the Committee, including scheduling and
presiding over meetings.

    

    Responsibilities

    

    The
Committee’s mandate and responsibility is to make recommendations to the Board
on all matters relating to the compensation of directors, the members of the
various committees of the Board and the senior officers of the
Company.  For the purpose of its mandate, the Compensation Committee
reviews all aspects of compensation paid to directors, committee members,
management and employees to ensure the Company’s compensation programs are
competitive, ensuring the Company can attract, motivate and retain high calibre
individuals.  Such review will include but not be limited to the
following matters:

    

    
      	
               
      

            	
              (a)

            	
              Compensation
      arrangements, policies and guidelines for the Senior Executives, as well
      as supervisory and management
personnel;

            

    

    
      	
               
      

            	
              (b)

            	
              Corporate
      benefits (car allowance, medical and life insurance, retirement plan,
      expense accounts, etc.);

            

    

    
      	
               
      

            	
              (c)

            	
              Incentive
      plans, along with global payment information as it applies to Senior
      Executives;

            

    

    
      	
               
      

            	
              (d)

            	
              Evaluation
      of the performance and compensation of the Chief Executive Officer and
      other Senior Executives;

            

    

    
      	
               
      

            	
              (e)

            	
              To
      compare, periodically, the total remuneration for the Senior Executives
      with the remuneration practices of similar companies in similar
      industries;

            

    

    
      	
               
      

            	
              (f)

            	
              Policies
      regarding the Incentive Stock Option Plan of the Company and the granting
      of Stock Options to members of the Board of Directors, management and
      employees of the Company;

            

    

    
      	
               
      

            	
              (g)

            	
              Compensation
      levels for members of the Board of Directors, as well as for Compensation
      Committee members, including the compensation of the Chairman of the Board
      of Directors and any chairman of Board Committees;
  and

            

    

    
      	
               
      

            	
              (h)

            	
              Succession
      plan for the Chief Executive Officer and for key employees of the
      Company.

            

    

    

    The
Compensation Committee will provide an annual report on executive compensation
to the shareholders of the Company in the Management’s Information Circular
prepared for the annual meeting of the shareholders.

    

    The
Compensation Committee shall, to the full extent permitted by applicable law
have the power to delegate its authority to subcommittees or individual members
of the Compensation Committee as it deems appropriate. In addition, the
Compensation Committee shall have the power to delegate its authority to other
members of the Board of Directors and to members of management as it deems
appropriate, to the full extent permitted by applicable law.

    

    The
foregoing list is not intended to be exhaustive, and the Compensation Committee
shall, in addition, have such powers as may be necessary or appropriate in
furtherance of the objectives set forth in this Charter or as may, from time to
time, be delegated by the Board of Directors. The adoption of this Charter shall
not be construed to reduce any power or authority previously delegated to the
Compensation Committee by the Board of Directors.

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    Meetings

    

    The
Committee will meet regularly at times necessary to perform the duties described
above in a timely manner, but not less than once a year. Meetings may be held at
times deemed appropriate by the Committee.

    

    These
meetings may be with representatives or appropriate members of management, all
either individually or collectively as may be required by the Chairman of the
Committee.

    

    The
Chairman of the Committee will report periodically to the Board of
Directors.

    

    Authority
to Retain Advisors

    

    In the
course of its duties, the Committee shall have the sole authority, at the
Company’s expense, to retain and terminate compensation consultants, as the
Committee deems advisable, including the sole authority to approve any such
advisor’s fees and other retention terms.

    

    Dated
this 30th day of January 2009

    
      
         

      

      
        2EXHIBIT
4.6

    SHARE
PURCHASE AGREEMENT

     

    THIS AGREEMENT made the 5th day of
February, 2009.

     

    AMONG:

    1354166 ALBERTA LTD., a corporation
incorporated pursuant to the laws of the Province of Alberta, Canada
(hereinafter referred to as the "Corporation")

     

    OF THE
FIRST PART

     

    AND

    The
shareholders of the Corporation, James C. Cassina, Core Energy Enterprises Inc.
Tonbridge Financial Corp. R. K. Naroola, Erwin Sui, Teresa Chung-Wong and
1047625 Ontario Inc., made a part hereof (individually and collectively
hereinafter referred to as the "Vendors");

    OF THE
SECOND PART

     

    AND

    EUGENIC CORP., a corporation
amalgamated under the laws of the Province of Ontario, Canada (hereinafter
referred to as the "Purchaser");

     

    OF THE
THIRD PART

     

    WHEREAS the Purchaser wishes
to acquire all of the issued and outstanding shares in the capital stock of the
Corporation;

     

    AND WHEREAS each of the Vendors
have agreed to sell and assign to the Purchaser, and the Purchaser has agreed to
purchase and acquire from the Vendors, the Purchased Shares, as hereinafter
defined;

     

    THIS AGREEMENT WITNESSES THAT in consideration of the
respective covenants, warranties, representations, agreements and payments
herein contained, the Parties hereto covenant and agree as follows:

     

    ARTICLE
1

    INTERPRETATION

     

    
      	
              1.1 

            	
              Definitions

            

    

     

    In this
Agreement, including the premises hereto, this article and each schedule, the
words and phrases set forth below shall have the meanings ascribed thereto,
namely:

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    

    
      	
            	
              (a)

            	
              "Affiliate" means, as to
      a Person, any other Person controlling, controlled by or under common
      control with such Person where "control", "controlling" or "controlled" means the
      possession, direct or indirect, of the power to direct or cause the
      direction of the management and policies of another Person, whether
      through the ownership of voting securities or by contract, partnership
      agreement, trust arrangement or other means, either directly or
      indirectly, that results in control in fact provided that direct or
      indirect ownership of shares of a corporation carrying not less than 50%
      of the voting rights shall constitute control of such
      corporation;

            

    

     

    
      	
            	
              (b)

            	
              "Agreement" means this
      agreement among the Vendors, the Purchaser and the Corporation, and the
      expressions "above", "below", "herein", "hereto", "hereof" and similar
      expressions refer to this
Agreement;

            

    

     

    
      	
            	
              (c)

            	
              "Assets" means all of the
      assets of the Corporation including, without limitation, the Petroleum and
      Natural Gas Rights, and the interests of the Corporation in the Tangibles
      and the Miscellaneous Interests;

            

    

     

    
      	
            	
              (d)

            	
              "Business" means the
      business presently and heretofore carried on by the Corporation as a going
      concern;

            

    

     

    
      	
            	
              (e)

            	
              "Business Day" means a week day,
      excluding all statutory holidays in the City of
  Toronto;

            

    

     

    
      	
            	
              (f)

            	
              "Common Shares" means
      shares in the capital of the Corporation designated as Common
      Shares;

            

    

     

    
      	
            	
              (g)

            	
              "Corporation" means
      1354166 Alberta Ltd.;

            

    

     

    
      	
            	
              (h)

            	
              "Claim" means any claim,
      demand, lawsuit, proceeding, arbitration or governmental investigation,
      actual, threatened or foreseeable;

            

    

     

    
      	
            	
              (i)

            	
              "Closing" means the
      closing of the purchase and sale of the Purchased Shares by to the
      Purchaser and the completion of all matters incidental
      thereto;

            

    

     

    
      	
            	
              (j)

            	
              "Closing Date" means February 20,
      2009 or such other date as may be agreed
upon;

            

    

     

    
      	
            	
              (k)

            	
              "Debt" means an amount
      equal to the Corporation's total consolidated indebtedness including long
      term debt;

            

    

     

    
      	
            	
              (l)

            	
              “Debt Holders” means,
      collectively, James C. Cassina and Tonbridge Financial Corp. as Debt
      Holders of the Corporation, and “Debt Holder” means any
      one of them, as the context
requires;

            

    

     

    
      	
            	
              (m)

            	
              "Dollars" and "$" means dollars or the
      lawful money of Canada;

            

    

     

    
      	
            	
              (n)

            	
              "Effective Date"
      means  the Closing Date;

            

    

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              (o)

            	
              "Lands" means the lands
      set forth and described in Schedule "A", together with all lands with
      which such lands have been pooled or unitized, and the Petroleum
      Substances within, upon or under all such lands and the rights, licenses
      and privileges to explore, drill for, recover, take or win the same
      insofar as such are granted by the Leases therein
    described;

            

    

     

    
      	
            	
              (p)

            	
              "Leases" means
      collectively all leases, subleases, assignments, permits, licenses,
      declarations of trust, participation agreements, farmout agreements, unit
      agreements and any other agreements whatsoever under and by virtue of
      which the Corporation holds, has acquired or is entitled to acquire any
      interest whatsoever in Petroleum Substances found within, upon or under
      the Lands, but only insofar as the same grant, lease or convey or
      otherwise set over unto the Corporation, the right, license or privilege
      to explore for, drill for or take Petroleum Substances upon, within, under
      or from the Lands;

            

    

     

    
      	
            	
              (q)

            	
              "Losses and Liabilities"
      means all Claims, liabilities, actions, proceedings, demands, losses,
      costs, penalties, fines, damages and expenses which may be sustained or
      incurred by any Party, its directors, officers, agents and employees,
      including any of the foregoing in respect of Taxes and reasonable legal
      fees and disbursements on a solicitor and its own client
      basis;

            

    

     

    
      	
            	
              (r)

            	
              "Material Contracts" means any
      contracts within which the annual gross revenues or annual gross
      obligations exceed $25,000 including without limitation agreements for the
      sale, transportation and processing of petroleum
    substances;

            

    

     

    
      	
            	
              (s)

            	
              "Miscellaneous Interests"
      means the Corporation's entire right, title, estate and interest in and to
      all property, assets and rights (other than Petroleum and Natural Gas
      Rights and Tangibles) pertaining to the Petroleum and Natural Gas Rights
      or the Tangibles and to which the Corporation is entitled including, but
      not limiting the generality of the foregoing, the said interest of the
      Corporation in:

            

    

     

    
      	
               
      

            	
              (i)

            	
              all
      contracts, agreements, documents, books and records and all production and
      engineering information and reports relating to the Petroleum and Natural
      Gas Rights, the Lands (or any lands with which the same have been pooled
      or unitized) or any lands upon which any of the Tangibles are situate and
      any and all rights in relation
thereto;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              all
      subsisting rights to enter upon, use and occupy the surface of any of the
      Lands (or any lands with which the same have been pooled or unitized) or
      any lands upon which any of the Tangibles are
  situate;

            

    

     

    
      	
               
      

            	
              (iii)

            	
              any
      right, estate or interest in or any asset which relates to but does not
      comprise part of the Petroleum and Natural Gas Rights or the
      Tangibles;

            

    

     

    
      	
               
      

            	
              (iv)

            	
              any
      and all Petroleum Substances in storage or beyond the well head and not
      beyond the point of delivery to which the Corporation is entitled at the
      Closing Date and all proceeds of sale
therefrom;

            

    

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (v)

            	
              all
      well, pipeline and other permits, licences and authorizations relating to
      the Petroleum and Natural Gas Rights, the Leases, the Lands (or any lands
      with which the same have been pooled or unitized) or the
      Tangibles;

            

    

     

    
      	
               
      

            	
              (vi)

            	
              all
      casing in respect of the Wells situated on the Lands or any lands with
      which the same have been pooled or unitized and all casing in the
      Wells;

            

    

     

    
      	
               
      

            	
              (vii)

            	
              any
      and all Seismic Data;

            

    

     

    
      	
            	
              (t)

            	
              "Parties" means the
      signatories to this Agreement, and "Party" means any one of
      them;

            

    

     

    
      	
            	
              (u)

            	
              "Permitted Encumbrances"
      means:

            

    

     

    
      	
               
      

            	
                (i)

            	
              liens
      for taxes, assessments or governmental charges which are not due or
      delinquent or the validity of which is being diligently contested in good
      faith by the Corporation;

            

    

     

    
      	
               
      

            	
               (ii)

            	
              liens
      incurred or created in the ordinary course of business as security in
      favour of any person who is conducting the development or operation of the
      property to which such liens relate for the Corporation's share of the
      costs and expenses of such development or
  operation;

            

    

     

    
      	
               
      

            	
              (iii)

            	
              mechanics',
      builders' or materialmens' liens in respect of services rendered or goods
      supplied for which payment is not at the same time
  due;

            

    

     

    
      	
               
      

            	
              (iv)

            	
              easements,
      rights of way, servitudes or other similar rights in land including,
      without in any way limiting the generality of the foregoing, rights of way
      and servitudes for highways and other roads, railways, sewers, drains, gas
      and oil pipelines, gas and water mains, electric light, power, telephone,
      telegraph or cable television conduits, poles, towers, wires and cables
      which do not materially detract from the value of the Assets concerned or
      materially impair its use in the operation of the
  Business;

            

    

     

    
      	
               
      

            	
               (v)

            	
              the
      right reserved to or vested in any municipality or governmental or other
      public authority by the terms of any lease, licence, franchise, grant or
      permit acquired by the Corporation or by any statutory provision to
      terminate any such lease, licence, franchise, grant or permit or to
      require annual or other periodic payments as a condition of the
      continuance thereof;

            

    

     

    
      	
               
      

            	
              (vi)

            	
              any
      caveat relating to the Leases by or on behalf of the lessee thereunder,
      its successors or assigns which is not inconsistent with the interests
      attributed to the Corporation as described in Schedule
  "A";

            

    

     

    
      	
               
      

            	
              (vii)

            	
              royalties,
      crown royalties and other encumbrances on, and reductions in, the
      Corporation's interests which are described in Schedule
    "A";

            

    

     

    
      	
               
      

            	
              (viii)

            	
              the
      rights of third parties dealing at arm's length with the Corporation to
      purchase Petroleum Substances produced from the Lands or lands pooled
      therewith pursuant to production sales contracts or other contracts for
      the sale of Petroleum Substances that are terminable on 30 days notice,
      without cost to the Corporation;

            

    

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

     

    
      	
               
      

            	
              (ix)

            	
              the
      terms and conditions of the Leases or any agreements including, without
      limitation, production sales contracts and pooling agreements which relate
      to the Assets, provided that the following items must be identified in one
      of the Schedules to qualify as Permitted Encumbrances: (A) any overriding
      royalties, net profits interests or other encumbrances applicable to the
      Petroleum and Natural Gas Rights for which the Corporation has assumed the
      obligation for payment; and (B) any existing potential alteration of the
      Corporation's interest in the Assets because of a payout conversion or
      farmin, farmout or such other
agreement;

            

    

     

    
      	
               
      

            	
              (x)

            	
              the
      right reserved to or vested in any governmental authority to levy taxes on
      minerals or the income therefrom and governmental requirements as to
      production rates on the operations of any
  property;

            

    

     

    
      	
               
      

            	
              (xi)

            	
              undetermined
      or inchoate liens including, without limitation, processors', operators',
      mechanics', builders', materialmens' and similar liens incurred or created
      as security in favour of the person conducting the operation of any of the
      Assets, arising in the ordinary course of business, for the Corporation's
      proportionate share of the costs and expenses of such operations in
      respect of such costs which are not due or delinquent at the relevant time
      or the validity of which is being diligently contested by or on behalf of
      the Corporation;

            

    

     

    
      	
               
      

            	
              (xii)

            	
              the
      reservations, limitations, provisos, and conditions in any original grants
      from the Crown of any of the Lands or interests therein and statutory
      exceptions to title; and

            

    

     

    
      	
               
      

            	
              (xiii)

            	
              provisions
      for penalties and forfeitures under operating procedures or similar
      agreements which will arise if the Corporation elects, after the relevant
      time, not to participate in operations on the Lands to which the penalty
      or forfeiture will apply, and penalties, if any, which have arisen under
      operating procedures or similar agreements as a consequence of elections
      by the Corporation prior to the relevant time not to participate in
      operations on the Lands to which the penalty applies provided that, in
      order to qualify as a Permitted Encumbrance, any of the foregoing must be
      described in Schedule "A";

            

    

     

    
      	
              
              

            	
              (v)

            	
              "Person" means an
      individual, corporation, firm, partnership, limited liability company,
      limited liability partnership, association, syndicate, trust, estate or
      other entity or organization, including a governmental
      authority;

            

    

     

    
      	
            	
              (w)

            	
              "Petroleum and Natural Gas
      Rights" means the
      Corporation's entire right, title, estate and interest in and to the
      Leases, the Lands and the Petroleum Substances, including without limiting
      the generality of the foregoing, the interests summarized in Schedule "A"
      in and to the Leases and the Lands;

            

    

     

    
      	
            	
              (x)

            	
              "Petroleum
      Substances" means petroleum,
      natural gas and related hydrocarbons and any other substances and rights
      to the extent granted by the
Leases;

            

    

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              (y)

            	
              "Place of Closing" means
      the offices of the Purchaser located in Toronto,
  Ontario;

            

    

     

    
      	
            	
              (z)

            	
              "Purchase Price" means
      the price, set out in Section 3.1, to be paid by the Purchaser for the
      Purchased Shares;

            

    

     

    
      (aa)                
"Purchased Shares" means the
Two Hundred and Sixty Four Thousand, and Seven Hundred (264,700) Common Shares
owned by the Vendors as set forth in Section 2.1 hereof, which, as at the
Closing Date, will be all of the issued and outstanding securities of the
Corporation;

    

     

    
      	
            	
              (bb)

            	
              "Purchaser" means Eugenic
      Corp.;

            

    

     

    
      	
            	
              (cc)

            	
              "Representatives" means
      in respect of a Party:

            

    

     

    
      	
               
      

            	
              (i)

            	
              its
      Affiliates, successors and assigns;
and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              the
      respective directors, officers, agents and employees of such Party and its
      Affiliates, successors and assigns;

            

    

     

    
      (dd)                
"Seismic Data" means all
records, books, documents, licences, reports and data associated with all
seismic lines or 3D seismic programs on or within 1 kilometre of the Lands to
which the Corporation has possession or to which the Corporation has access,
which records, books, documents, licences, reports and data shall include
without limitation:

    

     

    
      	
               
      

            	
              (i)

            	
              all
      permanent records of basic data including, but not limited to, any and all
      microfilm or paper copies of seismic driller's reports, monitor records,
      observer's reports and survey notes and any and all copies of magnetic
      field tapes or conversions thereof;

            

    

     

    
      	
               
      

            	
              (ii)

            	
              all
      permanent records of the processed field data including, but not limited
      to, any and all microfilm or paper copies of shot point maps, pre- and
      post-stacked record sections including amplitude, phase, structural
      displays or other interpretative processes, poststack data manipulations
      including filters, migrations and wavelet enhancements, and any and all
      copies of final stacked tapes and any manipulations and conversions
      thereof; and

            

    

     

    
      	
               
      

            	
              (iii)

            	
              in
      the case of 3D seismic, in addition to the foregoing, all permanent
      records or bin locations, bin fold, static corrections, surface elevations
      and any other relevant information;

            

    

     

    
      (ee)                
"Surface Rights" means all
rights to enter upon, use and occupy the surface of the Lands or lands with
which the Lands have been pooled or unitized or any lands to be traversed in
order to gain access to any of the Lands, Tangibles or Wells and any and all
rights of egress or ingress, licenses, Leases and instruments including rights
of entry orders to gain access to the Lands, Wells and the
Tangibles.

    

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

     

    
      
        	
              	
                (ff)

              	
                "Tangibles" means all
      tangible depreciable property and assets owned by the Corporation,
      including without limitation those situate in or on the Lands or lands
      with which the same have been pooled or unitized which are used in
      connection with production, processing, transmission or treatment of
      Petroleum Substances produced from or allocated to the Lands or used in
      connection with producing, shut-in or injection wells located in or on the
      Lands or lands pooled or unitized
therewith;

              

      

    

     

    
      (gg)                
"Tax Act" shall mean the Income Tax Act (Canada) as
amended from time to time and any applicable, equivalent legislation of any
province or territory of Canada;

    

     

    
      (hh)                
"Taxes" means income,
commodity, sales, withholding, custom, employment, property, duty and any other
taxes imposed by federal, provincial or territorial government authority
including interest and penalties thereon;

    

     

    
      	
              
              

            	
              (ii)

            	
              "Time of Closing" means
      2:00 p.m. on the Closing Date;

            

    

     

    
      	
            	
              (jj)

            	
              "Units" shall mean Units
      in the capital stock of the Purchaser consisting of one common share with
      an attributed price of $0.05 and one common share purchase Warrant, each
      Warrant entitling the holder to purchase one common share of the Purchaser
      at a price of $0.07 for a period of five years from the date of
      issuance.

            

    

     

    
      (kk)                
"Vendors" means, collectively,
James C. Cassina, Tonbridge Financial Corp., Core Energy Enterprises Inc., R.K
Naroola, Erwin Sui, Teresa Chung-Wong and 1074625 Ontario Inc. and "Vendor" means any one of them,
as the context requires;

    

     

    
      	
            	
              (ll)

            	
              "Warrant" shall mean a
      Warrant in the capital stock of the Purchaser, each Warrant entitling the
      holder to purchase one common share of the Purchaser at a price of $0.07
      for a period of five years from the date of issuance;
  and

            

    

     

    
      (mm)                 "Wells" means all producing,
shut-in, abandoned, suspended, capped, injection and disposal wells, located on
the Lands or lands pooled or unitized therewith, in which the Corporation has an
interest, including, without limitation those set forth in Schedule
"A".

    

     

    
      	
              1.2 

            	
              Incorporation
      of Appendices

            

    

     

    Appended
hereto and forming part of this Agreement are the following
Schedules:

    

    Schedule
"A" – Lands, Petroleum and Natural Gas Rights and Wells

     

    Schedule
"B" − Form of Eugenic Warrant Certificate

     

    
      	
              1.3 

            	
              Appendix
      References

            

    

     

    Wherever
any provision of any schedule to this Agreement conflicts with any provision in
the body of this Agreement, the provisions of the body of this Agreement shall
prevail. References herein to a schedule shall mean a reference to the
applicable schedule to this Agreement. References in any schedule to the
"Agreement" shall mean a reference to this Agreement. References in any schedule
to another schedule shall mean a reference to a schedule to this
Agreement.

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    
      	
              1.4 

            	
              References

            

    

     

    References
herein to an Article, clause, subclause or paragraph shall mean a reference to
an Article, clause, subclause or paragraph within the body of this
Agreement.

    

    
      	
              1.5 

            	
              Headings

            

    

     

    The
headings of Articles, clauses, subclauses and paragraphs herein and in the
Schedules are inserted for convenience of reference only and shall not affect or
be considered to affect the construction of the provisions hereof.

    

    
      	
              1.6 

            	
              Gender

            

    

     

    In this
Agreement words importing persons include corporations, companies, individuals
and other bodies corporate and vice versa, and words importing the masculine
gender include the feminine and neuter genders and vice versa.

    

    
      
        	
                1.7 

              	
                Entire
      Agreement and Amendments

              

      

    

     

    This
Agreement (including all appendices hereto) constitutes the entire agreement
between the Parties pertaining to the Purchased Shares and supersedes all prior
and contemporaneous agreements, understandings, negotiations and discussions,
whether oral or written, of the Parties, and there are no warranties,
representations or other agreements between the Parties in connection with the
subject matter hereof, except as specifically set forth herein. No supplement,
modification, waiver or termination of this Agreement shall be binding unless
executed in writing by the Party to be bound thereby.

    

    
      	
              1.8 

            	
              Enurement

            

    

     

    This
Agreement shall be binding upon and shall enure to the benefit of the Parties
and their respective successors, receivers, receiver-managers, trustees and
permitted assigns.

    

    ARTICLE
2

    SALE
AND PURCHASE

     

    
      	
              2.1 

            	
              Agreement
      of Purchase and Sale

            

    

     

    The
Vendors agree to sell and convey their respective portion of Purchased Shares as
set out below to the Purchaser and the Purchaser agrees to purchase and accept
the Purchased Shares from the Vendors, all in accordance with and subject to the
terms and conditions set forth in this Agreement:

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                	
                        VENDOR

                      	 	
                        PURCHASER

                      	 	
                        PURCHASED SHARES

                      	 	 	
                        PROPORTION

                      	 
	
                        James
      C. Cassina

                      	 	
                        Eugenic
      Corp.

                      	 	
                        118,704
      Shares

                      	 	 	 	44.84	%
	 
      	 	 
      	 	 	 	 	 	 	 
	
                        Tonbridge
      Financial Corp.

                      	 	
                        Eugenic
      Corp.

                      	 	
                        81,446
      Shares

                      	 	 	 	30.77	%
	 
      	 	 
      	 	 	 	 	 	 	 
	
                        Core
      Energy Enterprises Inc.

                      	 	
                        Eugenic
      Corp.

                      	 	
                        60,500
      Shares

                      	 	 	 	22.86	%
	 
      	 	 
      	 	 	 	 	 	 	 
	
                        R.
      K Naroola

                      	 	
                        Eugenic
      Corp.

                      	 	 	1,500	 	 	 	0.57	%
	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                        Erwin
      Sui

                      	 	
                        Eugenic
      Corp.

                      	 	 	750	 	 	 	0.28	%
	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                        Teresa
      Chung Wong

                      	 	
                        Eugenic
      Corp.

                      	 	 	300	 	 	 	0.11	%
	 
      	 	 
      	 	 	 	 	 	 	 	 
	
                        1074625
      Ontario Inc.

                      	 	
                        Eugenic
      Corp.

                      	 	 	1,500	 	 	 	0.57	%
	 
      	 	 
      	 	 	 	 	 	 	 	 
	 
      	 	
                        TOTAL

                      	 	
                        264,700 Shares

                      	 	 	 	100	%

              

            

          

        

      

    

    

    
      	
              2.2 

            	
              Closing

            

    

     

    Closing
shall take place at the Place of Closing at the Time of Closing, or at such
other place or at such other time as the Vendors and the Purchaser may
agree.

    

    ARTICLE
3

    PURCHASE
PRICE

     

    
      	
              3.1 

            	
              Purchase
      Price

            

    

     

    The
aggregate purchase price to be paid by the Purchaser to the Vendors for the
Purchased Shares shall be Five Hundred and Sixty Two Thousand Eight Hundred and
Fourteen Dollars ($562,814) and payable as follows (the "Purchase Price"): (a) the
issuance and delivery by the Purchaser to the Vendors an aggregate number of
8,910,564 units (the "Units") in the capital stock
of the Purchaser (in the proportions set out in Section 2.1 above) at an
attributed value of $0.05 per Unit in satisfaction of Four and Forty Five
Thousand Five Hundred and Twenty Eight Dollars ($445,528) of the Purchase Price.
Each Unit consists of one common share and one common share purchase warrant of
the Purchaser (a “Warrant”), with each Warrant
entitling the holder to purchase one common share of the Purchaser at a price of
$0.07 for a period of five years from the date of issuance. The form of Warrant
is attached as Schedule “B”. The issuance of the Units shall be subject to
compliance with all applicable securities legislation. The certificates
representing the Units shall be endorsed in accordance with the applicable
securities legislation, and (b) Upon Closing the Purchaser will issue cash
payments to the Debt Holders of the Corporation in satisfaction of One Hundred
and Eighteen Thousand Dollars of debt in the Corporation as set out
below.

    

    
      
        
          
            	
                    DEBT HOLDER

                  	 	
                    DEBT AMOUNT

                  	 	 	
                    PROPORTION

                  	 
	
                    James
      C. Cassina

                  	 	$	81,420.00	 	 	 	69	%
	 
      	 	 	 	 	 	 	 	 
	
                    Tonbridge
      Financial Corp.

                  	 	$	36,580.00	 	 	 	31	%
	 
      	 	 	 	 	 	 	 	 
	
                    TOTAL

                  	 	$	118,000.00	 	 	 	100	%

          

        

      

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    
      	
              3.2 

            	
              Delivery
      of Certificates for Purchased
Shares

            

    

     

    Subject
to the fulfillment of all of the terms and conditions hereof, at the Time of
Closing, each of the Vendors shall deliver to the Purchaser certificates
representing the Purchased Shares held by the Vendors, duly endorsed for
transfer to the Purchaser, or other evidence of transfer of the Purchased Shares
on the books of the Corporation satisfactory to the Purchaser or the Purchaser's
Solicitors, together with such other documentation as the Purchaser or the
Purchaser' Solicitors may reasonably request for the purpose of effecting the
transfer and delivery of the Purchased Shares.

    

    ARTICLE
4

    REPRESENTATIONS
OF THE CORPORATION AND VENDORS

     

    
      	
              4.1 

            	
              Vendors'
      Representations

            

    

     

    Each of
the Vendors hereby represents and warrants to and with the Purchaser, which
representations and warranties are correct as at the date hereof, and
acknowledges that the Purchaser is relying upon such representations and
warranties in connection with the matters contemplated by this Agreement,
that:

    

    
      	
            	
              (a)

            	
              other
      than the Purchaser, no person, firm or corporation has any right, under
      preferential rights of purchase clauses or otherwise, which has not been
      waived prior to the Closing Date, to acquire any interest in the Purchased
      Shares held by the Vendor by virtue of or arising from this Agreement or
      otherwise;

            

    

     

    
      	
            	
              (b)

            	
              each
      Vendor has the requisite power and authority to enter into this Agreement
      and to perform its obligations
hereunder;

            

    

     

    
      	
            	
              (c)

            	
              the
      execution and delivery of this Agreement and each and every agreement or
      document to be executed and delivered hereunder by the Vendor and the
      consummation of transactions contemplated herein will not, as a result of
      the Vendor's involvement, violate nor be in conflict with any provision of
      any material agreement or instrument to which the Vendor is a party or is
      bound or, to the best of the Vendor's knowledge, information and belief,
      any judgment, decree, order, statute, rule or regulation applicable to the
      Vendor;

            

    

     

    
      	
            	
              (d)

            	
              this
      Agreement has been duly executed and delivered to the Vendor and all
      documents required hereunder to be executed and delivered by the Vendor
      shall have been duly executed and delivered and this Agreement does, and
      such documents will, constitute legal, valid and binding obligations of
      the Vendor enforceable in accordance with their respective
      terms;

            

    

     

    
      	
            	
              (e)

            	
              at
      the Time of Closing, the Vendor shall have good registered and beneficial
      title to and ownership of its portion of the Purchased Shares as set out
      in Section 2.1 above, and the Vendors' portion of the Purchased Shares
      shall be fully paid and non-assessable and free and clear of all liens,
      mortgages, charges, security interests, pledges, encumbrances, demands and
      adverse Claims whatsoever;

            

    

     

    
      	
            	
              (f)

            	
              there
      are no actions, suits, proceedings or Claims existing or, to the best of
      the knowledge, information and belief of the Vendor, pending or threatened
      with respect to or in any manner challenging respective ownership of the
      Purchased Shares or the sale of their respective Purchased Shares pursuant
      hereto;

            

    

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    
      	
              4.2 

            	
              Corporation's
      Representations

            

    

     

    The
Corporation hereby represents and warrants to and with the Purchaser, which
representations and warranties are correct as at the date hereof, and
acknowledges that the Purchaser is relying upon such representations and
warranties in connection with the matters contemplated by this Agreement,
that:

     

    
      	
            	
              (a)

            	
              the
      Corporation is a corporation duly incorporated and validly subsisting
      under its jurisdiction of incorporation and has the corporate power to own
      or lease its property, including the Assets, and to carry on its business
      as now conducted by it and the Corporation is duly registered to carry on
      business in each jurisdiction as the nature of its business
      requires;

            

    

     

    
      	
            	
              (b)

            	
              the
      Corporation has authorized capital of an unlimited number of Common Shares
      and an unlimited number of preferred shares and there are no undisclosed
      outstanding subscriptions, options, rights, warrants or other agreements
      or commitments obligating the Corporation to sell or issue any additional
      shares of any class or securities convertible into any share of any
      class;

            

    

     

    
      	
            	
              (c)

            	
              other
      than the Purchaser, the warrant holders and the debt holders of the
      Corporation, no person, firm or entity has any right under preferential
      rights of purchase clauses, outstanding offers or otherwise which has not
      been waived prior to the Closing Date, to acquire any securities of the
      Corporation or the Assets from the Corporation. The Corporation does not
      have any outstanding offers of purchase or otherwise which would require
      the Corporation to acquire any assets from any other Person or
      entity;

            

    

     

    
      	
            	
              (d)

            	
              no
      authorized and/or declared and unpaid dividends exist nor shall be
      authorized, declared or paid from the Effective Time to the Time of
      Closing;

            

    

     

    
      	
            	
              (e)

            	
              the
      execution and delivery of this Agreement and each and every agreement or
      document to be executed and delivered hereunder by the Corporation and the
      consummation of transactions contemplated herein will not violate nor be
      in conflict with any provision of any material agreement or instrument to
      which the Corporation is a party or is bound or any judgment, decree,
      order, statute, rule or regulation applicable to the Corporation or of the
      constating documents or by-laws of the
  Corporation;

            

    

     

    
      	
            	
              (f)

            	
              the
      Corporation does not control or have any wholly-owned subsidiary
      corporations, and owns no shares or securities of any other entity other
      than such shares and securities as disclosed in writing to the
      Purchaser;

            

    

     

    
      	
            	
              (g)

            	
              the
      Corporation  has made available to the Purchaser for inspection
      and reproduction all documents, information and records in its possession
      or control pertaining to the Assets, including an independent engineering
      report dated as of December 31, 2008 setting forth the estimated future
      reserves and income attributable to the Assets,  and the
      Corporation has not withheld any documents, information or records that
      would be relevant to Purchaser with respect to the matters contemplated
      under this Agreement;

            

    

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    
      	
            	
              (h)

            	
              the
      minute book of the Corporation contains copies of all minutes of all
      meetings and the consent resolutions of the directors, committees of
      directors and shareholders of the Corporation and the registers therein
      are current, true and correct and, to the knowledge, information and
      belief of the Vendors without further inquiry, all such meetings were duly
      called and properly held and all such consent resolutions were properly
      adopted;

            

    

     

    
      	
            	
              (i)

            	
              Schedule
      “A” attached hereto present fairly the material assets and liabilities of
      the Corporation as at the date hereof, and include all material
      liabilities as at such date, and there has not been any material adverse
      change in the assets or liabilities of the Corporation listed thereon,
      other than in connection with the transactions contemplated herein to the
      best of the knowledge, information and belief of the
      Corporation;

            

    

     

    
      	
            	
              (j)

            	
              other
      than as disclosed to the Purchaser in writing prior to the Closing Date,
      the Corporation has no employees and no outstanding employment contracts
      for services, including any management, consulting, employee or labour
      agreements or arrangements not made in the ordinary course of the
      Corporation's business;

            

    

     

    
      	
            	
              (k)

            	
              there
      are no actions, suits or other legal, administrative or arbitration
      proceedings or government investigations, actual or, to the best of the
      knowledge, information and belief of the Corporation, threatened, which
      might reasonably be expected to result in a material impairment or loss of
      the Corporation's interest in the Assets or any part thereof and there is
      no particular circumstance, matter or thing known to the Vendors or the
      Corporation which could reasonably be anticipated to give rise to any such
      action, suit or other legal, administrative or arbitration proceeding or
      government investigation except as disclosed herein or otherwise to the
      Purchaser in writing;

            

    

     

    
      	
            	
              (l)

            	
              there
      are no shareholders' agreements that have been entered into by the
      Corporation;

            

    

     

    
      	
            	
              (m)

            	
              the
      Corporation has accounted for all Taxes eligible from it for the
      collection of which it is responsible under the laws of Canada or any
      other jurisdiction, in the case of Taxes on income, in respect of all
      fiscal years ended since its
incorporation;

            

    

     

    
      	
            	
              (n)

            	
              the
      Corporation has duly and timely filed all tax returns required to be filed
      by it, has paid all Taxes shown to be due and payable on such returns, and
      has paid all assessments and reassessments, and all other Taxes,
      governmental charges, penalties, interest and fines claimed by any
      governmental authority to be due and payable by the Corporation on or
      before the date hereof, and adequate provision has been made on the books
      of the Corporation for Taxes payable for the current period for which tax
      returns are not yet required to be
filed;

            

    

     

    
      	
            	
              (o)

            	
              the
      Corporation has not filed with any government authority, any waivers in
      respect of the normal assessment
period;

            

    

     

    
      	
            	
              (p)

            	
              the
      Corporation has withheld all amounts required by applicable tax
      legislation and shall continue to do so up to the Time of
      Closing;

            

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    
      	
            	
              (q)

            	
              the
      Corporation is not now a party to any bonus, pension, profit sharing,
      deferred compensation, retirement, hospitalization insurance, medical
      insurance or similar plan or practice, formal or informal, in effect with
      respect to any employees or others, other than as previously disclosed in
      writing to the Purchaser;

            

    

     

    
      	
            	
              (r)

            	
              the
      Corporation has not incurred any undisclosed obligation or liability,
      contingent or otherwise, for brokers' or finders' fees, legal fees,
      engineering fees and other expenses in respect of this transaction for
      which the Purchaser shall have any
obligation;

            

    

     

    
      	
            	
              (s)

            	
              except
      (as defined in Subsection 3.1) the Corporation does not have any material
      Debt;

            

    

     

    
      	
            	
              (t)

            	
              the
      Corporation's interest in the Tangibles associated with the Land and
      Leases is at least equal or, in the case of pooled or unitized Lands and
      Leases, corresponds to, the Corporation's interest therein as set out in
      Schedule "A" and, the Corporation's aggregate share of all costs with
      respect to such Tangibles is directly proportionate to the Corporation's
      interest therein;

            

    

     

    
      	
            	
              (u)

            	
              to
      the actual knowledge, information and belief of the Corporation, without
      specific inquiry, none of the Wells are subject to a production penalty of
      any kind and the Corporation has received no notice of and the Corporation
      is not otherwise aware of any impending change statutorily imposed or
      sanctioned in respect of production allowables applicable to any Wells
      excepting those items of any orders or directives which relate to
      environmental matters and which require any work, repairs, construction or
      capital expenditures with respect to the Assets, where such orders or
      directives have not been complied with in all material respects; or which
      notice in writing has not been given by the Corporation to the Purchaser
      prior to the Effective Date; and

            

    

     

    
      	
            	
              (v)

            	
              to
      the actual knowledge, information and belief of the Corporation, without
      specific inquiry, the Corporation has not done or failed to do any act or
      thing whereby any of the Assets may become liable or subject to
      termination, surrender, forfeiture, cancellation or
      alienation.

            

    

    

    ARTICLE
5

    PURCHASER'S
REPRESENTATIONS

     

    
      	
              5.1 

            	
              Purchaser's
      Representations

            

    

     

    The
Purchaser hereby represents and warrants to and with the Vendors and the
Corporation, which representations and warranties are true and correct as at the
date hereof, and acknowledges that the Vendors and the Corporation are relying
upon such representations and warranties in connection with the matters
contemplated by this Agreement, that:

    

    
      	
            	
              (a)

            	
              the
      Purchaser has all requisite power and authority to enter into this
      Agreement and to purchase and pay for the Purchased Shares on the terms
      described herein and to perform the other obligations of the Purchaser
      under this Agreement;

            

    

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	
            	
              (b)

            	
              all
      necessary corporate action will have been taken by the Purchaser at the
      Closing Date to authorize the execution and delivery by the Purchaser of
      this Agreement and all other agreements and instruments contemplated by
      this Agreement;

            

    

     

    
      	
            	
              (c)

            	
              the
      execution and delivery of this Agreement and each and every agreement or
      document to be executed and delivered hereunder and the consummation of
      the transactions contemplated herein will not violate, nor be in conflict
      with, any provision of the constating documents or by-laws of the
      Purchaser;

            

    

     

    
      	
            	
              (d)

            	
              this
      Agreement has been duly executed and delivered by the Purchaser and all
      documents required hereunder to be executed and delivered by the Purchaser
      shall have been duly executed and delivered and this Agreement does, and
      such documents will, constitute legal, valid and binding obligations of
      the Purchaser enforceable in accordance with their respective
      terms;

            

    

     

    
      	
            	
              (e)

            	
              the
      Purchaser is not a non-resident of
Canada;

            

    

     

    
      	
            	
              (f)

            	
              the
      Purchaser has completed all due diligence in respect of the Assets, the
      Purchased Shares and the Corporation, and is satisfied with the results of
      its due diligence investigations;

            

    

     

    
      	
            	
              (g)

            	
              upon
      the issuance of the Units (as defined in Subsection 3.1), in accordance
      with the terms of this Agreement, all of such Units will have been duly
      and validly created, authorized and issued and will be outstanding as
      fully paid and non-assessable;

            

    

     

    
      	
            	
              (h)

            	
              the
      Purchaser is a reporting issuer in Ontario to the actual knowledge,
      information and belief of the Purchaser, the Purchaser is not in default
      of any requirement of applicable securities or corporate laws,
      regulations, orders, notices and
policies;

            

    

     

    
      	
            	
              (i)

            	
              no
      order has been issued ceasing or suspending the sale or trading of the
      securities of the Purchaser and, to the best of the knowledge, information
      and belief of the Purchaser, there is no investigation or proceeding,
      pending or threatened that would or might result in any order suspending
      the sale or ceasing the trading of the securities of the Purchaser nor is
      there any state of facts which, if known, might result in any such order
      being issued;

            

    

     

    
      	
            	
              (j)

            	
              the
      issued and outstanding common shares in the capital of the Purchaser are
      not listed on any exchange for
trading;

            

    

     

    ARTICLE
6

    SURVIVAL
OF REPRESENTATIONS AND WARRANTIES AND INDEMNITIES

     

    
      	
              6.1 

            	
              Survival

            

    

     

    Notwithstanding
the Closing or deliveries of covenants, representations and warranties in any
other agreements at Closing or prior or subsequent thereto or investigations by
the Parties or their counsel, the covenants, representations and warranties
along with all rights of action in connection therewith set forth in Article 4
and Article 5 shall survive Closing for the benefit of the Parties for a
period one  (1) year from the Closing Date, except for any such
covenants, representations and warranties set forth in Article 4, in
respect of Taxes which shall survive Closing for the benefit of the Purchaser
for a period of two (2) years.

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

    

    
      	
              6.2 

            	
              Vendors'
      Indemnity

            

    

     

    
      	
            	
              (a)

            	
              Subject
      to Section 6.1 above and provided that Closing has occurred, each Vendor
      shall:

            

    

     

    
      	
               
      

            	
              (i)

            	
              be
      liable to the Purchaser for all Losses and Liabilities;
  and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              indemnify
      and save Purchaser and its directors, officers, servants, agents and
      employees harmless from and against all Losses and Liabilities whatsoever
      which may be brought against or suffered by the Purchaser, its directors,
      officers, servants, agents and employees or which they may sustain, pay or
      incur,

            

    

     

    as a
direct result of any matter or thing arising out of, resulting from,
attributable to or connected with a breach of the representations and warranties
of such Vendor in Article 4, except any Losses and Liabilities to the extent
that the same either are reimbursed (or reimbursable) by insurance maintained by
Purchaser or are caused by the gross negligence or wilful misconduct of
Purchaser or its Representative.

    

    
      	
              6.3 

            	
              Purchaser's
      Indemnity

            

    

     

    
      	
            	
              (a)

            	
              Subject
      to Section 6.1 above and provided that Closing has occurred, Purchaser
      shall:

            

    

     

    
      	
               
      

            	
              (i)

            	
              be
      liable to Vendors for all Losses and Liabilities;
  and

            

    

     

    
      	
               
      

            	
              (ii)

            	
              indemnify
      and save Vendors and their Representatives harmless from and against all
      Losses and Liabilities,

            

    

     

    as a
result of any matter or thing arising out of, resulting from, attributable to or
in any way connected with a breach of the representations and warranties of the
Purchaser in Article 5, except to the extent that any Losses and Liabilities are
reimbursed (or reimbursable) by insurance maintained by the Vendors or the
Corporation, are caused by the gross negligence or wilful misconduct of Vendors
or their Representatives, or are matters or things for which Purchaser is
entitled to indemnification under Section 6.2.

    

    ARTICLE
7

    DELIVERY
OF DOCUMENTS

     

    
      	
              7.1 

            	
              Deliveries
      by the Vendors

            

    

     

    The
Vendors shall promptly deliver to the Purchaser such documents reasonably
required to be delivered by the Vendors to the Purchaser at Closing pursuant to
this Agreement.

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

    

    ARTICLE
8

    ATTORNMENT
AND PROPER LAW

     

    
      	
              8.1 

            	
              Governing
      Law

            

    

     

    This
Agreement shall be exclusively subject to and be interpreted, construed and
enforced in accordance with the laws in effect in the Province of Ontario. Each
Party irrevocably attorns to the exclusive jurisdiction of the courts of the
Province of Ontario and all courts of appeal therefrom.

     

    ARTICLE
9

    COVENANTS

     

    
      	
              9.1 

            	
              Covenants

            

    

     

    The
Purchaser covenants and agrees with the Vendors and the Corporation that until
the purchase and sale contemplated herein becomes effective or until the Parties
are unable to consummate the transaction because a condition set out herein
cannot be satisfied and has not been waived by the appropriate Party hereunder,
and except with the prior written approval of the Vendors, or as otherwise
agreed to herein, the Purchaser will use its reasonable commercial efforts to
obtain all necessary consents, assignments, waivers or amendments or
terminations to any instruments or take such other measures as may be
appropriate to fulfill its obligations under and to carry out the transactions
contemplated by this Agreement.

    

    The
Corporation covenants that during the period between the date hereof and the
Time of Closing the Corporation shall conduct its business in, and only in, the
ordinary and normal course thereof in substantially the same manner as
heretofore conducted and preserve intact its assets and properties, its business
and the present business organization and use its reasonable best efforts to
keep available the services of its present officers and management and others
having business dealings with it to the end that its goodwill and business shall
be maintained.

     

    ARTICLE
10

    NOTICES

     

    
      	
              10.1 

            	
              Notices

            

    

     

    Any
notice required or permitted to be given by a Party hereto to the other shall be
given in writing and addressed:

    

    
      	
            	
              (a)

            	
              if
      to the Corporation or the Vendors:

            

    

     

    1354166
Alberta Ltd.

    Suite
1800, 510-5th Street
S.W.

    Calgary,
Alberta

    T2P
3S2

    

    Attention:
President

    Fax:
(403) 718-0184

     

    
      
        
        

      

      
        16

        
          

        

      

      
        
        

      

    

     

    
      	
            	
              (b)

            	
              if
      to the Purchaser:

            

    

     

    Eugenic
Corp.

    1 King
Street West

    Suite
1505

    Toronto,
Ontario

    M5H
1A1

     

    Attention:
President

    Facsimile:
(416) 364-8244

     

    Any
notice delivered as aforesaid shall be deemed to have been received by the Party
hereto which it is so delivered at the time on the date of its being so
delivered. Any Party may change its address for notice by giving notice to that
effect.

    

    ARTICLE
11

    ARBITRATION

     

    
      	
              11.1 

            	
              General
      Arbitration Provisions

            

    

     

    Any
disputes between the Parties in respect of any of the matters referred to in
this Agreement (including, without limitation, disputes respecting any matter of
interpretation of the provisions of this Agreement, or as to the performance or
non-performance by any of the Parties of any of the provisions of this
Agreement, or as to the respective rights and obligations of the Parties) shall
be settled exclusively by arbitration, without resort to court proceedings, in a
timely fashion and in accordance with the procedures set forth in this Section
11.1.

    

    There
shall be three (3) arbitrators. The Party demanding arbitration shall inform the
other party of the particulars of the dispute and of the name of its arbitrator
and the party receiving the demand shall within seven (7) days thereof choose
and name its arbitrator. The two arbitrators shall then designate and choose a
third. If within a reasonable time the two arbitrators appointed by the Parties
do not agree upon a third or if the party who has been notified of a dispute
fails to appoint an arbitrator, then a third arbitrator or an arbitrator to
represent the Party in default may, upon petition of the Party not in default,
be appointed by a judge of the Province of Ontario. An award made by two of the
three arbitrators shall be binding on the Parties. The arbitrators shall
determine their own rules and procedures and rules of evidence that they shall
follow. The cost of arbitration shall be proportioned between the Parties as the
arbitrators may decide.

    

    ARTICLE
12

    MISCELLANEOUS

     

    
      	
              12.1 

            	
              Release
      of Information

            

    

     

    The
Vendors, the Purchaser and the Corporation shall cooperate with each other in
releasing information concerning this Agreement and the transactions
contemplated herein, and shall furnish to and discuss with the Parties drafts of
all press and other releases prior to publication. Nothing contained herein
shall prevent either Party at any time from furnishing information to any
governmental agency or regulatory authority or to the public if required by
applicable law.

    
      
         

      

      
        17

        
          

        

      

      
         

      

    

    

    
      	
              12.2 

            	
              Time

            

    

     

    Time
shall, in all respects, be of the essence in this Agreement.

    

    
      	
              12.3 

            	
              Enurement
      and Assignment

            

    

     

    This
Agreement shall be binding upon and shall enure to the benefit of the Parties
and their respective successors, receivers, receiver-managers, trustees and
permitted assigns. No Party may assign its interest under this Agreement without
the prior written consent of all other Parties, such consent not to be
unreasonably withheld.

    

    
      	
              12.4 

            	
              Expenses

            

    

     

    Each
Party shall be responsible for their own legal costs in relation to this
Agreement, the consummation of the transactions herein and all other matters
related thereto.

    

    
      	
              12.5 

            	
              Counterpart
      Execution

            

    

     

    This
Agreement may be executed by facsimile and in several counterparts, each of
which so executed shall be deemed to be an original, and such counterparts
together shall constitute one and the same instrument and, notwithstanding their
date of execution, shall be deemed to bear the date as of the date above
written.

    

    IN WITNESS WHEREOF the Parties
have executed this Agreement as of the date first above
written.

    
      
         

      

      
        18

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 
      	 
      	
                                  EUGENIC
      CORP.

                                
	 
      	 
      	 
      	 
      
	 
      	 
      	
                                  Per:

                                	
                                  /s/ Sandra Hall

                                
	 
      	 
      	
                                  Sandra
      Hall, President

                                
	 
      	 
      	
                                  I
      have authority to bind the corporation

                                
	 
      	 
      	 
      
	 
      	 
      	
                                  1354166
      ALBERTA LTD.

                                
	 
      	 
      	 
      	 
      
	 
      	 
      	
                                  Per:

                                	
                                  /s/ Colin McNeil

                                
	 
      	 
      	
                                  Colin
      McNeil, President

                                
	 
      	 
      	
                                  I
      have authority to bind the corporation

                                
	 
      	 
      	 
      	 
      
	 
      	 
      	
                                  CORE
      ENERGY ENTERPRISES INC.

                                
	 
      	 
      	 
      	 
      
	
                                  /s/ James C. Cassina

                                	 
      	
                                  PER:

                                	
                                  /s/ James C. Cassina

                                
	
                                  JAMES
      C. CASSINA

                                	 
      	 
      	 
      
	 
      	 
      	 
      	 
      
	 
      	 
      	
                                  TONBRIDGE
      FINANCIAL CORP.

                                
	 
      	 
      	 
      	 
      
	
                                  /s/ R.K. Naroola

                                	 
      	
                                  Per:

                                	
                                  /s/ Robert Cordes

                                
	      
                                  R.
      K. NAROOLA 

                                	 
      	 
      	 
      
	 
      	 
      	
                                  1074625
      ONTARIO INC.

                                
	 
      	 
      	 
      	 
      
	
                                  /s/ Erwin Sui

                                	 
      	
                                  PER:

                                	
                                  /s/ R. Barrer

                                
	      
                                  ERWIN
      SUI

                                	 
      	 
      	 
      
	 	 	 	 
	
                                  /s/ Teresa Chung Wong

                                	 
      	 
      	 
      
	
                                  TERESA
      CHUNG WONG

                                	 
      	 
      	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        19

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