NORTHEAST FULLERTON JOINT VENTURE AGREEMENT
[Material indicated with brackets has been omitted from this document pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is deemed not to be material and would likely cause competitive harm to the registrant if publicly disclosed. [***] indicates that information has been redacted.]
NORTHEAST FULLERTON JOINT VENTURE AGREEMENT
THIS NORTHEAST FULLERTON JOINT VENTURE AGREEMENT, is made and entered into by and between Aspen Energy Partners, LTD ("Aspen"), a Florida Limited Liability Partnership, and Circle Energy, Inc. ("Circle"), a Nevada Corporation.
The Northeast Fullerton Joint Venture consists of 25% Aspen Energy Partners, LTD-75% Circle Energy Inc. in an approximately 880-acre Area of Mutual Interest as shown on the attached map and described as follows:
a)[***], Andrews County, Texas.
b)[***], Andrews County, Texas.
c)[***], Andrews County, Texas.
The [***] Lease, [***], is part of this Northeast Fullerton Join Venture Agreement.
Aspen and Circle intend to use AAPL ###-###-#### or AAPL ###-###-#### or similar operating agreement for the Northeast Fullerton Joint Venture.
The liabilities of the parties shall be severed and not joint or collective, and each party shall be responsible only for its share of the costs and liabilities incurred as provided herein or in the signed operating agreement.
All notices required by this Agreement, unless otherwise specifically provided, shall be given in writing by mail, telegraph, or express, postage or charges prepaid and addressed as follows:
Circle Energy, Inc.Aspen Energy Partners, LTD
8211 E. Regal Place857 Post Road #145
Tulsa, Ok 74133Fairfield, CT 06827
918 ###-###-####907 ###-###-####
This joint venture agreement may be executed in one or more counterparts with the same effect as if all the signatures on such counterparts appeared one document. All executed counterparts shall together constitute one and the same agreement.
IN WITNESS WHEREOF,
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Aspen Energy Partners, LTD, a Florida Limited Liability Partnership Aspen GP, LLC
General Partner
By: /s/ Richard A. Counts
Name: Richard A. Counts
Title: Manager, Aspen GP_ LLC
(Acknowledgement)
State of Florida
County of Collier
On this 17 of May in the year 2022 before me, a Notary Public in and for said state, personally appeared Richard Counts known to me to be the person described in or has produced a driver's license as identification and who executed the within instrument, and acknowledged to me that Richard Counts executed this free and voluntary act for the purposes therein stated on behalf of Aspen Energy Partners, LTD.
My Commission Expires:
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Circle Energy, Inc. a Nevada Corporation
By /s/ William R. Broaddrick
Name: William R. Broaddrick
Title: CFO
(Corporate Acknowledgement)
State of Oklahoma
County of Tulsa
On this 17th of May, in the year 2022 before me, a Notary Public in and for said state, personally appeared William R. Broaddrick known to me to be the person described in or has produced a driver's license as identification and who executed the within instrument, and acknowledged to me that he executed this free and voluntary act for the purposes therein stated on behalf of Circle Energy, Inc.
My Commission Expires:
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/s/ Kate Wilson
Notary Public
