EX-10 6 ex10-17.htm EXHIBIT 10.17

 

 

 

Cheetah Oil & Gas Limited

 

Exhibit 10.17

 

 

May 12, 2004

 

                

 

ACQUISITION AGREEMENT

 

 

 

Between;

Cheetah Oil & Gas Limited

 

Box 172, Station A.,

 

 

Nanaimo, B.C. V9R 5K9

 

 

 

And

Shareholders of Scotia Petroleum Inc

 

 

c/o Suite 902 – 1788 West Broadway6,

 

Vancouver, B.C. V6J 1Y1

 

 

 

Cheetah Oil & Gas Limited agrees to purchase 85.14% of the shares of Scotia Petroleum Ltd. for the following consideration:

 

 

1.

Cash in the amount of $ 301,887 US to purchase 10,500,000 Scotia Petroleum

 

 

Inc. shares held by Robert J. Krznaric, Brent C. Luebkert and Barbara Stronach.

 

2.        Cheetah Shares totaling 256,315 restricted Cheetah Common Stock to purchase 21,018,829 Scotia Petroleum Inc.shares.

 

3.        It is understood that Hari Sharma as President has the agreement from theshareholders representing 85.14% of the outstanding shares of Scotia Petroleum Inc.

 

 

 

Signed on behalf of Scotia Petroleum Inc.

/s/ Hari Sharma

 

 

Hari Sharma, President

 

 

 

Signed on behalf of Cheetah Oil & Gas Ltd. /s/ Georgina Martin

 

 

Georgina Martin, President