Maxwell Resources, Inc. (OTCPK:MAXE) signed a letter of intent to acquire certain Oil and Gas properties and related assets from Mike Edwards on November 13, 2014. Colfax Exploration Partners I, LLC became the assignee of Mike Edwards under the binding letter of intent. As of July 27, 2015, Maxwell Resources, Inc. (OTCPK:MAXE) entered into a purchase agreement to acquire certain Oil and Gas properties and related assets from Colfax Exploration Partners I, LLC. Under the terms of the agreement, Maxwell Resources agreed to issue warrants which will be exercisable for a term of 7 years at a price of $0.001 per share. Subject to certain exceptions set forth in the agreement, Maxwell Resources did not assume the liabilities of Colfax Exploration Partners.

Maxwell Resources, Inc. (OTCPK:MAXE) completed the acquisition of certain Oil and Gas properties and related assets from Colfax Exploration Partners I, LLC on August 3, 2015.