EX-10.7
from 8-K
14 pages
Whereas, as of the Date Hereof, Buyers Have Made Loans and Certain Other Financial Accommodations (Collectively, the “Loans”) to Gulf Western Petroleum Corporation, a Nevada Corporation (The “Company”), as Evidenced by That Certain Senior Secured Convertible Note of Even Date Herewith in an Original Principal Amount of $3,700,000 (Such Note, Together With Any Promissory Notes or Other Securities Issued in Exchange or Substitution Therefor or Replacement Thereof, and as Any of the Same May Be Amended, Supplemented, Restated or Modified and in Effect From Time to Time, the “Notes”); Whereas, the Notes Are Being Acquired by Buyers Pursuant to a Securities Purchase Agreement Dated as of Even Date Herewith Among the Buyers and the Company (As the Same May Be Amended, Restated, Supplemented or Otherwise Modified From Time to Time, the “Purchase Agreement”);
12/34/56