eSign Purchase Order

Purchase Agreement

I, , and PEAK ENERGY COMPANY agree to the following:

BBL OF OIL A DAY FOR LIFE PROGRAM
Dear Purchaser:
Welcome to Peak Energy Company and our program. Just a reminder, a limit not to exceed five (5) total Barrels (BBLs) of oil of daily production are being offered to accredited investors for a total of $250,000 per producing well. A minimum purchase of one (1) BBL of oil per well is being offered at a price of $50,000. Each BBL is assigned by a specific well API number and may be changed by Peak Energy Company to satisfy the production delivery obligation to the purchaser.
By execution of this order, you understand and agree that Peak Energy Company or its affiliate will be the operator of record, and its standard operating agreement will then become effective and govern the day-to-day operations. You also understand and agree that Peak Energy Company, can outsource to an independent company to operate the well. Peak Energy Company will continue to oversee operations at all time.
YOUR REPRESENTATIONS TOPEAK ENERGY COMPANY
PEAK ENERGY COMPANY understands from you or your representative, the following:
  1. You are financially sophisticated in business and oil and gas drilling ventures and qualify as an Accredited Investor
  2. You understand that you are acquiring a BBL (defined as 42 gallons) of daily oil production from a well in the Illinois Basin to be identified by Peak Energy Company. The API number will be assigned to you or your entity once your deposit is received. Daily production date will be effective once all purchase funds from you have been received by Peak Energy and have cleared Peak Energy’s financial institution.
  3. You understand that this matter is not being registered with either the SEC or under the Blue-Sky Laws of any state;
  4. Your BBL revenue is Net of any taxes, royalties, and reasonable production expenses incurred by Peak Energy Company for the production of said BBL.
  5. You have performed your own investigation, to the extent you believe necessary of this matter.
  6. You have your own tax counsel and recognize that Peak Energy Company makes no representation of warranty of any kind of the proper tax treatment of your expenditures for this matter.
  7. You and Peak Energy Company are not herein agreeing and have not, in any way, agreed to be partners or trustees for the other in regards to the well and matters herein set forth;
  8. You understand that “Life” is defined as a period 30 years for a total of 10,950 BBLs of oil during said period.
Your execution of this order agreement shall be deemed to indicate the warranty that all of the foregoing statements(1) through (8) are true, correct and you agree to them and the entire agreement.
Remit to:
Peak Energy
Company
150 North Michigan Ave., 28th Floor
Chicago, IL 60601
Agreed to and accepted this, for BBL(s) of daily oil production at a total cost of $(USD) from the well as described above.
A payment of $50,000 per BBL is required in order to proceed with this agreement. Upon receipt of your payment , your BBL (s) and well will be assigned, your purchase documents will be finalized and recorded . The 1st monthly disbursement to purchaser will be no later than Sixty (60) days from the date purchaser’s funds clear Peak Energy’s financial institution. Total amount of purchase $.
OWNERSHIP, CHECK DISBURSEMENT, AND TITLE TO BE IN THE NAME OF :
Company
Fed Tax ID
Name
Title
Address

Email
I Agree to the Terms and Conditions outlined above.



Signed and agreed on this .