Joint Operating Agreement dated effective December 7, 2010 between Maverick Minerals Corporation, and Arrowdog, LLP
EXHIBIT B
The Non-Operator has agreed to purchase from Maverick Minerals Corporation, Maverick, for a sum of US$150,000.00 The Purchase Price, a 3% Working Interest in Mavericks Initial Test Well to be drilled in Fort Bend County, Texas in December of 2010 and whos permitted name is the Lankford Trust No.1.
The Non-Operator will be carried for a 3% Working Interest to Completion or P & A without further cost. Thereafter, the Non-Operator will be responsible for his pro-rata share of expenses for maintenance and production with the Operator. The specific terms and conditions of the operating relationship between the Operator and the Non-Operator will be the subject of the Joint Operating Agreement as set out in the Definition section of the Operating Agreement.