ONGCHENG GUAN 134 PasirRis St. 11, #08-261 Singapore510134

EX-10.2 3 v197251_ex10-2.htm
ONG CHENG GUAN
134 Pasir Ris St. 11, #08-261
Singapore  510134


September 7, 2010

Nexgen Petroleum Corp.
2808 Cowan Circle
Las Vegas, NV  89107

Attention: Mr. Hsien Loong Wong, CEO

Dear Sir:

Re:
Settlement and Conversion of US$510,000 debt owing from Nexgen Petroleum Corp. to Ong Cheng Guan

I hereby agree to the settlement of the US$510,000 debt owed to me from Nexgen Petroleum Cop. (the “Company”) in exchange for the conversion of such debt into 3,000,000 shares of common stock of the Company at a conversion price of $0.17 per share.

If the foregoing is satisfactory, please indicate your agreement by executing a copy of this letter where indicated below and returning an originally signed copy to the undersigned on or before September 14, 2010.

I appreciate your prompt response and action in settling the above matter.

Yours truly,

         
/s/ Ong Cheng Guan
    
 
  
ONG CHENG GUAN
    
 
  

The above terms and conditions are acknowledged and agreed to this 8th day of September, 2010.


NEXGEN PETROLEUM CORP.
per:
 
         
/s/ Hsien Loong Wong
    
 
  
(Authorized Signatory)