- Issuer
- European Oil Partner Ltd, incorporated under the laws of England. Registered office: 71–75 Shelton Street, Covent Garden, London WC2H 9JQ, United Kingdom. Companies House #17121433.
- Instrument
- Loan note in the principal amount of [Investor Amount in USD], financing oil and gas projects in Shackelford County, Texas, as described in the Prospectus.
- Interest
- 9.5% per annum, fixed, accruing from the effective date of the agreement and receipt of the investment amount.
- Bonus
- In addition to interest, a bonus payment linked to the oil price is paid to the Investor as described in Schedule A.
- Distributions
- All accrued interest and bonus paid quarterly. Working-Interest profit distributions continue for 8 years, with the final payment scheduled for summer 2034.
- Repayment
- Full repayment of principal no later than 31 January 2030 (the Maturity Date). The structure further ensures the Lender will receive repayment, including interest, no later than 31 January 2030.
- Profit share
- The Lender is entitled to a share of European Oil Partner’s oil-production profits for a total of 96 months, continuing even after the loan facility is repaid in full.
- Security
- First-priority security interest and lien over all of the Company’s rights, title and interests in the seven (7) Working Interest lease agreements situated in Shackelford County, Texas.
- Minimum subscription
- $20,000 per investor. Subscriptions from $5,000 are available subject to amended terms.
- Costs
- A 6% charge in addition to the subscription amount covers all documentation costs, fees and similar expenses. No leverage; no personal liability beyond the subscription.
- Governing law
- Governed by and construed in accordance with the laws of England and Wales. Exclusive jurisdiction: the courts of England and Wales.