This stock investment representation form is an agreement to acquire shares for an aggregate dollar amount in a private negotiated transaction.
Investment Representation Agreement between Evergreen Resources, Inc. and Delta Petroleum Corporation dated December 17, 1999. 4 pages
The North Dakota Investment Representation Agreement between Evergreen Resources, Inc. and Delta Petroleum Corporation is a legally binding contract that outlines the terms and conditions of the investment between the two entities in relation to the exploration, extraction, and production of oil and gas reserves in North Dakota. This agreement serves as a framework to establish a collaborative and mutually beneficial relationship between Evergreen Resources, Inc. and Delta Petroleum Corporation, ensuring that both parties agree to meet certain obligations and responsibilities while safeguarding their respective interests. Key Terms and Clauses: 1. Objective and Scope: The agreement clearly defines the purpose and scope of the investment, outlining the specific projects, areas of exploration, and types of oil or gas reserves being targeted in North Dakota. 2. Financial Terms: This section outlines the financial aspects of the investment, including the initial capital contributions, profit-sharing arrangements, and mechanisms for funding ongoing operations and development. 3. Responsibilities and Obligations: The agreement details the roles and responsibilities of each party in executing the investment project. It encompasses areas such as exploration, extraction, production, maintenance, and compliance with relevant regulatory requirements. 4. Operational Guidelines: This clause specifies the operational procedures, safety protocols, environmental considerations, and reporting mechanisms that must be adhered to during all stages of the investment project. 5. Duration and Termination: The agreement specifies the duration of the investment project, including options for renewal or extension. It also outlines the conditions under which either party can terminate the agreement, such as non-compliance with contractual obligations or force majeure events. Types of North Dakota Investment Representation Agreements: 1. Exploration and Production Agreement: This type of agreement focuses on the joint exploration and extraction of oil and gas reserves in North Dakota. It outlines the responsibilities, financial arrangements, and project timelines related to the exploration phase and subsequent production activities. 2. Development Agreement: A development agreement comes into play when the initial exploration phase has been completed successfully. It outlines the joint efforts required for the development of discovered reserves, including infrastructure construction, drilling, and other major capital investments. 3. Operational Agreement: An operational agreement focuses on the ongoing operational and maintenance activities necessary for the extraction and production of oil and gas in North Dakota. It covers aspects such as resource management, equipment maintenance, supply chain logistics, and compliance with environmental regulations. Conclusion: The North Dakota Investment Representation Agreement between Evergreen Resources, Inc. and Delta Petroleum Corporation enables a strategic collaboration in the oil and gas sector, ensuring clarity, transparency, and shared responsibilities in the pursuit of mutual success. By naming and understanding the different types of agreements, both parties can tailor their partnership to suit specific objectives and industry circumstances.The North Dakota Investment Representation Agreement between Evergreen Resources, Inc. and Delta Petroleum Corporation is a legally binding contract that outlines the terms and conditions of the investment between the two entities in relation to the exploration, extraction, and production of oil and gas reserves in North Dakota. This agreement serves as a framework to establish a collaborative and mutually beneficial relationship between Evergreen Resources, Inc. and Delta Petroleum Corporation, ensuring that both parties agree to meet certain obligations and responsibilities while safeguarding their respective interests. Key Terms and Clauses: 1. Objective and Scope: The agreement clearly defines the purpose and scope of the investment, outlining the specific projects, areas of exploration, and types of oil or gas reserves being targeted in North Dakota. 2. Financial Terms: This section outlines the financial aspects of the investment, including the initial capital contributions, profit-sharing arrangements, and mechanisms for funding ongoing operations and development. 3. Responsibilities and Obligations: The agreement details the roles and responsibilities of each party in executing the investment project. It encompasses areas such as exploration, extraction, production, maintenance, and compliance with relevant regulatory requirements. 4. Operational Guidelines: This clause specifies the operational procedures, safety protocols, environmental considerations, and reporting mechanisms that must be adhered to during all stages of the investment project. 5. Duration and Termination: The agreement specifies the duration of the investment project, including options for renewal or extension. It also outlines the conditions under which either party can terminate the agreement, such as non-compliance with contractual obligations or force majeure events. Types of North Dakota Investment Representation Agreements: 1. Exploration and Production Agreement: This type of agreement focuses on the joint exploration and extraction of oil and gas reserves in North Dakota. It outlines the responsibilities, financial arrangements, and project timelines related to the exploration phase and subsequent production activities. 2. Development Agreement: A development agreement comes into play when the initial exploration phase has been completed successfully. It outlines the joint efforts required for the development of discovered reserves, including infrastructure construction, drilling, and other major capital investments. 3. Operational Agreement: An operational agreement focuses on the ongoing operational and maintenance activities necessary for the extraction and production of oil and gas in North Dakota. It covers aspects such as resource management, equipment maintenance, supply chain logistics, and compliance with environmental regulations. Conclusion: The North Dakota Investment Representation Agreement between Evergreen Resources, Inc. and Delta Petroleum Corporation enables a strategic collaboration in the oil and gas sector, ensuring clarity, transparency, and shared responsibilities in the pursuit of mutual success. By naming and understanding the different types of agreements, both parties can tailor their partnership to suit specific objectives and industry circumstances.
