Exhibit 10
[AVRO ENERGY, INC. LOGO]
This Definitive Letter Agreement dated for reference as of: August
26, 2009
ATTENTION: FREDCO, LLC
This Letter Agreement dated for reference as of August
26, 2009, between Avro
Energy Inc., a Nevada company, with a
registered address at 9 Church Lane,
Copthorne, West Sussex, England RH10 3PT, (the
"Purchaser") and Fredco LLC of
Hosston Louisiana, U.S.A. 71043 (the "Seller").
This Letter Agreement (the "Agreement")shall set forth the terms of
an agreement
between the Purchaser and the Seller, which, when
accepted and executed below,
shall form a binding agreement between Purchaser and Seller
for the purchase of
the Hoss Holmes Lease, as further described below (the
"Lease").
Payment and Closing:
1. The closing of this Agreement (the "Closing") shall occur
upon the Purchaser
making a payment of $50,000 USD to the Seller on or before August
30, 2009. Upon
payment, the Closing shall have deemed to occur, and the
Purchaser shall assume
all operations on the Lease, and shall be entitled to
begin receiving income
from production, and shall assume all costs and
liabilities with regard to the
operation of the Lease.
2. An additional post-closing payment of $50,000 shall
be payable on or before
September 30, 2009, and shall be subject to a prepared title
opinion.
Details of the Lease:
3. The Hoss Holmes Lease is located on Section 24
Township 22 North Range 15
West Caddo Pine Island Field lo
