Universal Apparel and Textile Co. (DKGR)

[blowout]

This part of the Agreememt in PA to me reads such as:


r1. PURCHASE AND SALE
1.1 Subject to the terms of this Agreement, the Buyer agrees to purchase all of the rights to
certain assets owned by Seller where ownership will be assigned to Buyer at Closing.
Said assets consist of land leases containing oil and gas wells and are specifically set
forth in the attached Exhibit A.
1.2 As consideration for assignment of Seller’s leases to Buyer according to paragraph 1.1
above, Seller shall receive a working interest in all oil and gas producing wells located
on leased land described in Exhibit A and operated by Buyer according to the following
terms:
(a) Seller shall receive a 50% working interest in each financed well operated by Buyer
as defined below and further terms fully explained in 1.3
(b) Seller shall receive a 100% working interest in each non-financed or paid off well
operated by Buyer

To me it says the Financier once funding starts the Seller then receives or is on the receiving end and the buyer is then in the control position of the contract.