Page 18 - Petrospex_Elaine Prospect

excluded from the application of Sub-Chapter K of Chapter 1, Subtitle A, of the
Internal Revenue Code of 1954, and all amendments hereto.

5. The undersigned warrants that he has been advised of the risks involved in
this project and of the oil and gas industry as a whole, and further warrants that he
has read and understands the Risk Factors pages, had an opportunity to ask
questions of Petrospex,LLC and meets the requirements as set therein and is an
accredited investor per the United States Securities and Exchange Commission’s
definitions.
POWER OF ATTORNEY
The undersigned hereby makes, constitutes and appoints Petrospex,LLC P.O. Box
1711 Breckenridge, TX 76424 and its successors, with full powers of substitution and
re-substitution, as her/his true and lawful agent and attorney-in-fact, on her/his
behalf and in her/his name, place and stead, to execute, acknowledge, swear to
and/or file with any appropriate official (as the case may be), and to take any
similar or incidental actions with respect to the Program, (i) counterparts of the
Operating Agreement, (ii) Division Orders, (iii) Oil and gas sales contracts, (iv)
assumed name certificates and similar instruments, (v) drilling and completion
contracts, (vi) purchaser orders and (vii) all other instruments necessary to conduct
the activities of the Program in accordance with the Offering Materials and the
Operating Agreement. This power of attorney is given in consideration of the
acceptance of the undersigned as a Purchaser and is hereby declared to be coupled
with an interest and will survive the undersigned’s death or mental incompetence.
This power of attorney and similar powers of attorney from other Purchasers may
be exercised by the above-named agent and attorney-in-fact for the undersigned and
(to the extent authorized by them) for such other Purchasers (or any of them) by
listing all (or any) of them who may be required to execute any instrument and
executing such instrument with a single signature, or in such other manner,
including by facsimile signature, as it may deem appropriate. This power of
attorney will be binding on any assignee or vendee of the undersigned’s interest in
Working Interest, or any portion thereof, including the distributive rights relating
thereto. Notwithstanding the powers granted to her/his agent and attorney-in-fact
by the foregoing power of attorney, the undersigned agrees to execute on her/his
own behalf any appropriate instrument which her/his agent and attorney-in-fact is
authorized to execute for him if requested or required to do so.

All notices or other communications given or made pursuant hereto shall be in
writing and will be delivered or mailed by certified mail, return receipt requested,
postpaid, to the undersigned or to her/his agent and attorney-in-fact at their
respective addresses set forth below.

This Purchase Agreement is performable in and will be governed by and construed
in accordance with the laws of the State of Texas. Venue for any cause of action
arising out of this instrument and the matters set forth herein shall be the state
court bearing real property jurisdiction in the county where the Working Interest is
located.

Purchase Agreement – Page 2 of 3