STOCK REPURCHASE AGREEMENT
EX-10.02 3 fe_ex10z02.htm FRIENDLY ENERGY EXHIBIT 10.02 - STOCK REPURCHASE AGREEMENT Friendly Energy Exhibit 10.02 - Stock Repurchase Agreement
Exhibit 10.02
STOCK REPURCHASE AGREEMENT
Donald L. Trapp hereby agrees to sell to Friendly Energy Exploration and Friendly Energy Exploration agrees to purchase 950,000 preferred voting shares of Friendly Energy Exploration for a total price of $106,000. Payment is to be made to Donald L. Trapp in the form of a note with interest of 8% per annum from April 1, 2010 all due and payable in one year from this date.
Agreed this 31st day of March 2010.
DONALD L. TRAPP
FRIENDLY ENERGY EXPLORATION
/s/ Donald Trapp_________
/s/ Douglas B. Tallant_________
By: Douglas B. Tallant, Chief Executive Officer