EX-10.1
from 8-K
2 pages
Issuer: Force Fuels, Inc Otc Bb: Fofu Investor: Duke Capital Management, LLC Amount: $500,000 to $1,500,000, Minimum $500,000 Investment Increments Investors: Institutional and/or Accredited High Net-Worth Individuals Security: 100% Payback From Oil Pumped in First 12 Months, 30% Ownership for Following 60 Months Post Payback. Ownership and Use: Per $500,000 Investment = 5 Redd Sands Wells, 1 Injection System, 1 Water Well if Needed. Closing Date: June 30, 2011 Advisory Fees: 10% Cash Fees, 5% Common Stock and 5% Two Year Warrants at Market Price, Paid to Financial Advisor or Its Designees. Confidentiality: Fofu and Dcm Agree to Allow Fofu to Release This Letter of “Intent” for Legal Distribution in an 8k and Press Release. Termination: Fofu May at Any Time in Its Sole Discretion Terminate This Agreement and Its Right to Initiate Future Investment Increments by Providing 30 Days Advanced Notice
12/34/56
