ACQUISITION AGREEMENT
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Cheetah Oil & Gas Limited |
Exhibit 10.17
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May 12, 2004 |
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Between; |
Cheetah Oil & Gas Limited | |||
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▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇ ▇., |
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▇▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇ |
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And |
Shareholders of Scotia Petroleum Inc |
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c/o Suite 902 – 1788 ▇▇▇▇ ▇▇▇▇▇▇▇▇▇, | ||||
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▇▇▇▇▇▇▇▇▇, ▇.▇. ▇▇▇ ▇▇▇ |
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Cheetah Oil & Gas Limited agrees to purchase 85.14% of the shares of Scotia Petroleum Ltd. for the following consideration:
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1. |
Cash in the amount of $ 301,887 US to purchase 10,500,000 Scotia Petroleum |
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Inc. shares held by ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. | |||
2. Cheetah Shares totaling 256,315 restricted Cheetah Common Stock to purchase 21,018,829 Scotia Petroleum Inc.shares.
3. It is understood that ▇▇▇▇ ▇▇▇▇▇▇ as President has the agreement from theshareholders representing 85.14% of the outstanding shares of Scotia Petroleum Inc.
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Signed on behalf of Scotia Petroleum Inc. |
/s/ ▇▇▇▇ ▇▇▇▇▇▇ |
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▇▇▇▇ ▇▇▇▇▇▇, President | |||
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Signed on behalf of Cheetah Oil & Gas Ltd. /s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ |
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▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, President | ||