RestructuringandSaleAgreement重组销售协议doc.docx

RestructuringandSaleAgreement重组销售协议doc.docx

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RestructuringandSaleAgreement重组销售协议doc

RestructuringandSaleAgreement重组销售协议-

SECTION4.REGISTRATIONRIGHTSAGREEMENT.OntheclosingDateandsubjecttothetermsandconditionshereof,theInvestorsandAAAagreetoexecuteanddelivertheREGISTRATIONRIGHTSAGREEMENT（ashereincalled）substantiallyintheformofExhibit4inallmaterialrespects.

SECTION5.MORTGAGEANDOTHERSECURITYDOCUMENTS.OntheclosingDateandsubjecttothetermsandconditionshereof,AAAandtheBBBagreetoexecuteanddeliver（a）theAmendedMortgage,DeedofTrust,AssignmentofProduction,SecurityAgreementandFinancingStatement,（b）theStatementofAmendmentofFinancingStatementand（c）theFinancingStatement（collectively,theAMENDEDSECURITYDOCUMENTS）,substantiallyintheformofExhibit5inallmaterialrespects.

SECTION6.REPRESENTATIONSANDWARRANTIESOFAAAANDAAA

SUB.EachofAAAandtheBBB（aAAAENTITY）herebyjointlyandseverallyrepresentandwarranttotheInvestorsasfollows:

（a）EachAAAEntityisacorporationdulyorganized,validlyexisting,andingoodstandingunderthelawsofthejurisdictionofitsincorporationandhasallrequisitecorporatepowerandcorporateauthoritytoown,lease,andoperateitspropertiesandtocarryonitsbusinessasnowbeingconducted.NoactionsorproceedingstodissolveaAAAEntityarepending.

（b）EachAAAEntityisdulyqualifiedorlicensedtodobusinessandisingoodstandingintheStateof_________.

（c）EachAAAEntityhasfullcorporatepowerandcorporateauthoritytoexecute,deliver,andperformthisAgreementandallRelatedAgreementstowhichitisapartyandtoconsummatethetransactionscontemplatedherebyandthereby.Theexecution,delivery,andperformancebyeachAAAEntityofthisAgreementandallRelatedAgreements,andtheconsummationbyitofthetransactionscontemplatedherebyandthereby,havebeendulyauthorizedbyallnecessarycorporateactionofsuchAAAEntity.ThisAgreementhasbeendulyexecutedanddeliveredbyeachAAAEntityandconstitutes,andeachotheragreement,instrument,ordocumentexecutedortobeexecutedbysuchAAAEntityinconnectionwiththetransactionscontemplatedhereby（includinganyRelatedAgreementtowhichitisaparty）hasbeen,orwhenexecutedwillbe,dulyexecutedanddeliveredbysuchAAAEntityandconstitutes,orwhenexecutedanddeliveredwillconstitute,avalidandlegallybindingobligationofsuchAAAEntity,enforceableagainstsuchAAAEntityinaccordancewiththeirrespectiveterms,exceptthatsuchenforceabilitymaybelimitedby（i）applicablebankruptcy,insolvency,reorganization,moratorium,andsimilarlawsaffectingcreditors’rightsgenerallyand（ii）equitableprincipleswhichmaylimittheavailabilityofcertainequitableremedies（suchasspecificperformance）incertaininstances.

（d）Theexecution,delivery,andperformancebyeachAAAEntityofthisAgreementandtheRelatedAgreementstowhichitisapartyandtheconsummationbyitofthetransactionscontemplatedherebyandtherebydonotandwillnot（i）conflictwithorresultinaviolationofanyprovisionofthecharterorbylawsorothergoverninginstrumentsofsuchAAAEntity,（ii）conflictwithorresultinaviolationofanyprovisionof,orconstitute（withorwithoutthegivingofnoticeorthepassageoftimeorboth）adefaultunder,orgiverise（withorwithoutthegivingofnoticeorthepassageoftimeorboth）toanyrightoftermination,cancellation,oraccelerationunder,anybond,debenture,note,mortgage,indenture,lease,contract,agreement,orotherinstrumentorobligationtowhichsuchAAAEntityisapartyorbywhichsuchAAAEntityoranyofitspropertiesmaybebound,（iii）resultinthecreationorimpositionofanylienorotherencumbranceuponthepropertiesofsuchAAAEntity,or（iv）violateanyapplicablelaw,ruleorregulationbindinguponsuchAAAEntity.

（e）Noconsent,approval,order,orauthorizationof,ordeclaration,filing,orregistrationwith,anycourtorgovernmentalagencyorofanythirdpartyisrequiredtobeobtainedormadebyanyAAAEntityinconnectionwiththeexecution,delivery,orperformancebysuchAAAEntityofthisAgreementandtheRelatedAgreementstowhichitisapartyortheconsummationbyitofthetransactionscontemplatedherebyandthereby,otherthan（i）compliancewithanyapplicablerequirementsoftheSecuritiesActandanyapplicablestatesecuritieslawsand（ii）theconsentoftheInvestorscontemplatedhereby.

（f）TheclosingSHAREStobeissuedbyAAAattheclosinghavebeendulyauthorizedforsuchissuanceand,whenissuedanddeliveredbyAAAinaccordancewiththeprovisionsofthisAgreement,willbevalidlyissued,fullypaid,andnonassessable.TheissuanceoftheclosingSHARESunderthisAgreementisnotsubjecttoanypreemptiveorsimilarrights.

（g）TheWarrantstobeissuedbyAAAattheclosinghavebeendulyauthorizedforsuchissuanceand,whenissuedanddeliveredbyAAAinaccordancewiththeprovisionsofthisAgreement,willbevalidlyissuedandwillconstitutevalidandlegallybindingobligationsofAAAenforceableagainstAAAinaccordancewiththeirrespectiveterms.ThesharesofAAACommonStockissuableupontheexerciseoftheWarrantshavebeendulyreservedforsuchissuanceand,whenissuedanddeliveredbyAAAinaccordancewiththeprovisionsoftheWarrants,willbevalidlyissued,fullypaidandnonassessable.

（h）AAAiscurrentinitsobligationstofileallperiodicreportandproxystatementswiththeSecuritiesandExchangeCommissionrequiredtobefiledundertheSecuritiesExchangeActof1934,asamended,andapplicablerulesandregulationspromulgatedthereunder.AAA’sAnnualReportonForm-10Kfortheyearended_________,_________,_________（M,D,Y）,andAAA’sQuarterlyReportsonForm-10Qforthequartersending_________,_________,_________（M,D,Y）,and_________,_________,_________（M,D,Y）,respectively（theSECDOCUMENTS）donotcontainanuntruestatementofamaterialfactoromittostateamaterialfactrequiredtobestatedthereinornecessarytomakethestatementsthereinnotmisleading.Since_________,_________,_________（M,D,Y）,therehavebeennomaterialdevelopments,transactionsoreventsaffectingAAA（otherthandevelopmentsoreventsaffectingtheoilandgasexplorationandproductionindustrygener-ally）otherthanasdisclosedbyAAAintheSECDocumentsortotheInvestorsinwriting.TherearenomaterialliabilitiesofAAA（contingentorotherwise）,otherthanasdisclosedintheSECDocumentsandthefinancialstatementsincludedtherein.

SECTION7.REPRESENTATIONSANDWARRANTIESOFEACHINVESTOR.

EachInvestorherebyseverally（andnotjointlyorjointlyandseverally）representsandwarrantstotheAAAEntitiesasfollows:

（a）SuchInvestorisacquiringtheclosingSHARESandtheWarranttobeacquiredbyithereunderforitsownaccountforinvestmentandnotwithaviewto,orforsaleorotherdispositioninconnectionwith,anydistributionofalloranypartthereof,except（i）inanofferingcoveredbyaregistrationstatementfiledwiththeSecuritiesandExchangeCommissionundertheSecuritiesActcoveringtheclosingSHARESorWarrant,or（ii）pursuanttoanapplicableexemptionundertheSecuritiesAct.

（b）SuchInvestoracknowledgesthatitisabletofendforitself,canbeartheeconomicriskofitsinvestmentintheclosingSHARESandtheWarranttobeacquiredbyithereunder,andhassuchknowledgeandexperienceinfinancialandbusinessmattersthatitiscapableofevaluatingthemeritsandrisksofaninvestmentintheclosingSHARESandtheWarrant.SuchInvestorrepresentsthatithasnotbeenorganizedforthepurposeofacquiringtheclosingSHARESandtheWarranttobeacquiredbyithereunder.

（c）SuchInvestorunderstandsthattheclosingSHARESandtheWarrantwillnothavebeenregisteredpursuanttotheSecuritiesActoranyapplicablestatesecuritieslaws,thatsuchclosingSHARESandtheWarrantwillbecharacterizedasrestrictedsecuritiesunderfederalsecuritieslaws,andthatundersuchlawsandapplicableregulationssuchclosingSHARESandtheWarrantcannotbesoldorotherwisedisposedofwithoutregistrationundertheSecuritiesActoranexemptiontherefrom.

（d）ItisagreedandunderstoodbysuchInvestorthatthecertificatesrepresentingtheclosingSHARESshalleachconspicuouslysetforthonthefaceorbackthereof,inadditiontoanylegendsrequiredbyapplicablelaworotheragreement,alegendinsubstantiallythefollowingform:

THESHARESREPRESENTEDBYTHISCERTIFICATEHAVENOTBEENREGISTEREDPURSUANTTOTHESECURITIESACTOF1933,ASAMENDED,ORANYSTATESECURITIESLAWS.SUCHSHARESMAYNOTBESOLDOROTHERWISETRANSFERREDUNLESSTHEYAREFIRSTREGISTEREDPURSUANTTOTHATACTANDAPPLICABLESTATESECURITIESLAWSORUNLESSTHECORPORATIONRECEIVESAWRITTENOPINIONOFCOUNSEL,WHICHOPINIONANDCOUNSELARESATISFACTORYTOTHECORPORATION,TOTHEEFFECTTHATSUCHREGISTRATIONISNOTREQUIRED.

（e）IthasreceivedacopyoftheSECDocumentandhashadanopportunitytoaskquestionsandreceiveanswersfromAAAregardingthebusiness,properties,prospectsandfinancialconditionofAAAandtoobtainadditionalinformationnecessarytoverifytheaccuracyofanyinformationfurnishedtoitortowhichithadaccess.

SECTION8.CLOSING.Theclosingofthetransactionscontemplatedhereby（theCLOSING）willtakeplaceattheofficesof_________.,locatedat_________,at11:

00a.m.localtime,on_________,_________,_________（M,D,Y）,oratsuchotherdateandtimeastheInvestorsandAAAmaymutuallyagreeupon.ThedateonwhichtheclosingoccursishereincalledtheclosingDATE.