HTML Version Of The Helium4K Subscription Agreement
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SUBSCRIPTION AGREEMENT
Helium Leases
Cowley County, Kansas
HELIUM4K LLC, as ISSUER, has development rights in and to 4,000 acres, more or less, of shallow gas helium rights in Cowley County, Kansas, (the “Contract Area”).
TO DEVELOP THESE RIGHTS, Helium4K LLC proposes to sell up to 75% of the Joint Working Interests in and to an 81.25% Net Revenue Interest lease, to carry the costs of drilling, testing, completing, and equipping for production, as necessary, a well on each 40 acre location (each “Drilling Unit”), which shall penetrate the four potential helium zones which have been historically productive in the region.
HELIUM4K LLC shall cause VICTORY MINERALS LLC, as operator, to execute a TURNKEY CONTRACT to drill, test, complete, and equip a well for production on a 40-acre drilling unit to a depth sufficient to penetrate the four potential shallow gas helium zones at a depth not to exceed 1,500’.
IN EXCHANGE for the turnkey drilling of a well, Helium4K LLC will assign individual working interests to the depth of 1,500’ in and to the acreage contained within each distinct drilling unit to each participating interest holder (the “Drilling Party-ies) in that 40-acre drilling unit, in the proportion that their individual contribution stated herein bears to that individual drilling unit.
Net Revenue Interest
Working Interest
Turnkey Price
81.25%
2 ½%
$4,333
5%
$8,666
10%
$17,333
BY SIGNING THIS AGREEMENT THE UNDERSIGNED DRILLING PARTY ACKNOWLEDGES: That they have visited the electronic file room, and by signing below indicates that they have fully read, understood, and, in lieu of signature, herein agrees to be bound to the terms of, and has relied only upon, the disclosures of the documents and exhibits contained therein as of the date of the signing of this agreement entitled:
1. Victory Minerals LLC Operating Agreement
2. The Helium4K LLC Private Placement Memorandum
AND THE UNDERSIGNED ACKNOWELDGES THEY ARE ARE NOT an Accredited Investor as defined in Rule 501 or Regulation D of the Securities Act of 1933, and that the undersigned, due to knowledge and experience, is capable of evaluating the merits and risks of complex investments without the full protections afforded to less experienced investors.
THE DRILLING PARTY AGREES TO PARTICIPATE as a joint interest holder by contributing a check payable to Helium4K LLC in the amount of $ .
Signed By:
Date:
SUBSCRIPTION AGREEMENT
Helium Leases
Cowley County, Kansas
$
Amount
Date:
%
Percentage
No. Of Wells Contracted
(Print) Name of Titleholder of Record for Assignment of Interest
By: Print Name & Title
Address
Address 2
Phone Number Other Number
Email Address
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Accepted By:
Date:
This communication and all information provided to and from Helium4K LLC, its affiliates, representatives, employees, agents, contractors and related companies is CONFIDENTIAL, protected by H.R. 3723 signed into law as the ECONOMIC ESPIONAGE ACT OF 1996, which makes ECONOMIC ESPIONAGE, including but not limited the theft or improper use or disclosure of this or any other communication or trade secret a FEDRAL CRIME.