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  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;<B>UNITED STATES</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>WASHINGTON, D.C. 20549</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>FORM 8-K</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">CURRENT REPORT</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">Pursuant to Section 13 or 15(d) of the Securities
  Exchange Act of 1934</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">Date of report (Date of earliest event reported):<B>&nbsp;&nbsp;May
  20, 2015</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>Novamex Energy Inc.</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">(Exact name of registrant as specified in its
  charter)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 37%; text-decoration: none; text-align: center; border-bottom: Black 1pt solid"><B>Nevada</B></TD>
      <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 30%; text-decoration: none; text-align: center; border-bottom: Black 1pt solid"><B>000-54035</B></TD>
      <TD STYLE="width: 1%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 31%; text-decoration: none; text-align: center; border-bottom: Black 1pt solid"><B>20-4952339</B></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="text-align: center">(State or other jurisdiction of incorporation)</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">(Commission File Number)</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR>
      <TD STYLE="vertical-align: top; width: 51%; text-decoration: none; text-align: center; border-bottom: Black 1pt solid"><B>1610 Woodstead Court, Suite
      330</B><BR>
      <B>The Woodlands, Texas</B></TD>
      <TD STYLE="vertical-align: top; width: 7%; text-align: center; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; width: 42%; text-decoration: none; text-align: center; border-bottom: Black 1pt solid"><B>77380</B></TD></TR>
  <TR>
      <TD STYLE="vertical-align: top; text-decoration: none; text-align: center">(Address of principal executive offices)</TD>
      <TD STYLE="vertical-align: top; text-align: center">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-decoration: none; text-align: center">(Zip code)</TD></TR>
  </TABLE>
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>(844) 266-8263</B></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">(Registrant&rsquo;s telephone number, including
  area code)</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
  A.2. below):</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">[ ] Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">[ ] Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">[ ] Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">[ ]Pre-commencement communications pursuant to Rule 13e-4(c)
  under the Exchange Act (17 CFR 240.13e-4(c))</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
  
  
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  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
  INFORMATION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Certain statements contained in this Current
  Report on Form 8-K are &quot;forward-looking statements&quot; within the meaning of Section 27A of the Securities Act of 1933,
  as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's current
  expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated
  in the statements. Readers are cautioned not to place undue reliance on these forward-looking statements.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Forward-looking statements include, among
  other things, a<FONT STYLE="background-color: white">ny projections of earnings, revenue, or other financial items; any statements
  of the plans, strategies, and objectives of management for future operations; any statements concerning resource development opportunities;
  any potential joint ventures or strategic partnerships; any statements regarding future economic conditions or performance;&nbsp;any
  statements regarding future capital-raising activities; any statements of belief; and any statements of assumptions underlying
  any of the foregoing.</FONT> In some cases, forward-looking statements may be identified by reference to a future period or periods
  or by the use of forward-looking terminology such as &quot;anticipates,&quot; &quot;believes,&quot; &quot;could,&quot; &quot;estimates,&quot;
  &quot;expects,&quot; &quot;forecasts,&quot; &quot;goals,&quot; &quot;guidance,&quot; &quot;intends,&quot; &quot;may,&quot; &quot;objectives,&quot;
  &quot;plans,&quot; &quot;possible,&quot; &quot;potential,&quot; &quot;projects,&quot; &quot;seeks,&quot; &quot;should,&quot; &quot;targets,&quot;
  &quot;will,&quot; or similar terms or variations of these terms.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Actual results may differ materially
  from those set forth in forward-looking statements. In addition to the assumptions and other factors referred to specifically
  in connection with these statements, factors that could cause our actual results to differ materially from those contemplated
  in any forward-looking statements or otherwise affect our future results of operations and financial condition include, among
  others, the following:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">prices for oil and natural gas, including changes in prices resulting from the inability
  of the Organization of Petroleum Export Countries (&quot;<U>OPEC</U>&quot;) to support prices, changes in the levels of oil and
  natural gas production in the United States, and political conditions in oil-producing countries;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">weakness in oil and natural gas prices (or perceived future weakness by our customers)
  could result in a reduction in the utilization of our equipment and reduced demand and lower rates for our services;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">factors affecting our ability to access the capital markets, including general capital
  market conditions; our capitalization structure; and market perceptions of the oil and gas industry or us;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">inflation rates;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the inability of management to effectively implement our strategies and business plans;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">fluctuations in the price of oil and natural gas, including reductions in prices that
  would adversely affect our revenue, cash flow, and access to capital;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">other market forces negatively affecting our revenues, ability to borrow or raise
  capital, or enter into joint venture arrangements;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">our ability to successfully identify and consummate acquisition transactions;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">deterioration in general or regional economic conditions;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the strength and financial resources of our competitors;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the occurrence of natural disasters, unforeseen weather conditions, or other events
  or circumstances that could impact our operations or could impact the operations of companies or contractors we depend upon in
  our operations;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">technique risks inherent in drilling in existing or emerging unconventional shale
  plays using horizontal drilling and completion techniques;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">delays, denials, or other problems relating to our receipt of operational consents
  and approvals from governmental entities and other parties;</TD>
  </TR></TABLE>
  
  
  
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  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">advances in technology that result in competitive disadvantages and create the potential
  for impairment of existing assets;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the direct or indirect effect on our business resulting from terrorist incidents and
  the threat of terrorist incidents, including cyber intrusion;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">operating hazards, environmental liabilities, and uninsured risks;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">loss of senior management or key technical personnel;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">inability to attract and hire key management and technical personnel;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">adverse state or federal legislation or regulation that increases the costs of compliance,
  including those related to hydraulic fracturing;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the effect of accounting pronouncements issued periodically by standard setting bodies;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in the legal, regulatory, and legislative environments in the markets in which
  we operate; and</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">other factors discussed elsewhere in this Annual Report and that may be disclosed
  from time to time in our United States <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Securities and Exchange Commission filings or in other publicly disseminated written documents.</P>
                                         <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">Many
  of these factors are beyond our ability to control or predict. </FONT>These factors are not intended to represent a complete list
  of the general or specific factors that may affect us. All forward-looking statements speak only as of the date of this Annual
  Report and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result
  of new information, future events, or otherwise</P>
  
  </TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Unless the context otherwise requires,
  references in this Current Report on Form 8-K to &quot;we,&quot; &quot;us,&quot; &quot;Novamex,&quot; &quot;the Registrant,&quot;
  or &quot;the Company&quot; refer to Novamex Energy Inc., a Nevada corporation.</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>&nbsp;SECTION 1 &ndash; REGISTRANT&rsquo;S BUSINESS AND OPERATIONS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reference is made to the disclosure set forth under Item 2.01 of
  this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SECTION 2 &ndash; FINANCIAL INFORMATION</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: red">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 20, 2015 (the &quot;<U>Closing Date</U>&quot;),
  Novamex Energy Inc., a Nevada corporation, entered into and consummated a merger transaction pursuant to an Agreement and Plan
  of Merger (the &quot;<U>Merger Agreement</U>&quot;) by and among the Novamex, Novamex Acquisition, Inc., a Nevada corporation
  and wholly-owned subsidiary of the Company (&quot;<U>Merger Sub</U>&quot;), Rio Bravo Oilfield Services, Inc., a Texas corporation
  (&quot;<U>Rio Bravo</U>&quot;), and Gordon Payne, Jackson Payne, and Coleman Payne, the shareholders of Rio Bravo (the &quot;<U>Rio
  Bravo Shareholders</U>&quot;). In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and
  into Rio Bravo (the &quot;<U>Merger</U>&quot;), with Rio Bravo surviving the Merger as our wholly-owned subsidiary.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Rio Bravo is a premier manufacturer of drill site tanks and utility
  buildings that specializes in custom-built carbon steel products such as water tanks, mud tanks, mud systems, fuel tanks, dog
  houses, change houses, SCR houses, generator houses, and tanks on wheels for the oil and gas industry. Our acquisition of Rio
  Bravo is part of the Company's business strategy to secure a sustainable competitive position as a diversified oilfield services
  company by delivering products and services that facilitate our customers' extraction and recovery objectives while upholding
  our strong ethical and business standards, and maintaining the highest standards of health, safety, and environmental performance.
  Our objective is to continue to search for opportunities to acquire oilfield services companies through purchase or merger.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Merger Agreement includes customary representations,
  warranties, and covenants made by the Company, Merger Sub, Rio Bravo, and the Rio Bravo shareholders as of specific dates. Those
  representations and warranties were made solely for purposes of the Merger Agreement and are not intended to provide factual,
  business, or financial information about the Company, Merger Sub, Rio Bravo, and the Rio Bravo Shareholders. Moreover, some of
  those representations and warranties (a) may not be accurate or complete as of any specified date, (b) may be subject to a contractual
  standard of materiality different from those generally applicable to shareholders or different from what a shareholder might view
  as material, (c) may have been used for purposes of allocating risk among the Company, Merger Sub, Rio Bravo, and the Rio Bravo
  Shareholders, rather than establishing matters as facts, and/or (d) may have been qualified by certain disclosures not reflected
  in the Merger Agreement that were made to the other party in connection with the negotiation of the Merger Agreement and generally
  were solely for the benefit of the parties to the Merger Agreement. The Merger Agreement should not be read alone, but should
  instead be read in conjunction with the other information regarding us and our business that has been, is, or will be contained
  in, or incorporated by reference into, the Forms 10-K, Forms 10-Q, Forms 8-K, and other documents that we file with the Securities
  and Exchange Commission (&quot;<U>SEC</U>&quot;).</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Prior to the Merger, we were a public reporting
  &quot;shell company,&quot; as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended, and the rules and regulations
  promulgated thereunder (&quot;<U>Exchange Act</U>&quot;). Accordingly, pursuant to the requirements of Item 2.01(f) of Form 8-K,
  set forth below is the information that would be required if the Registrant were filing a general form for registration of securities
  on Form 10 under the Exchange Act for the Registrant's common stock, which is the only class of its securities subject to the
  reporting requirements of Section 13 or Section 15(d) of the Exchange Act upon consummation of the Merger; provided, however,
  the financial statements and related information that are required pursuant to Form 10 will be provided in an Amendment to this
  Current Report on Form 8-K on or before June 26, 2015.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following description of the terms and
  conditions of the Merger Agreement and the transactions contemplated thereunder that are material to the Registrant does not purport
  to be complete. A copy of the Merger Agreement is filed as <U>Exhibit 2.1</U> hereto and incorporated by reference into this Item
  2.01.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As a result of the Merger, our primary operations
  consist of what was previously the business and operations of Rio Bravo. Therefore, we include information about the business,
  financial condition, and management of Rio Bravo prior to the Closing Date in this Current Report on Form 8-K, as such information
  is relevant to our current and future business and operations.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The audited financial statements of Rio Bravo
  as of December 31, 2014 and 2013, the unaudited financial statements of Rio Bravo for the interim period ended March 31, 2015,
  and the unaudited combined pro forma financial statements will be provided in an Amendment to this Current Report on Form 8-K
  on or before June 26, 2015. This information could not be provided at this time without unreasonable effort and expense on behalf
  of the Registrant because of a delay in the completion of the audit of Rio Bravo's historical financial statements.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As set forth in the Merger Agreement, upon
  the closing of the Merger, all of the issued and outstanding capital stock of Rio Bravo was cancelled and the holders thereof
  became entitled to receive an aggregate of 10,500,000 shares of Series A Preferred Stock of the Company. In addition, certificates
  representing 2,000,000 shares of such 10,500,000 shares of the Series A Preferred Stock were delivered to the escrow agent pursuant
  to an escrow agreement to cover certain indemnifications obligations of the Rio Bravo Shareholders. The escrow agreement is set
  forth as <U>Exhibit 10.1</U> to this Current Report on Form 8-K. The terms of the Series A Preferred Stock and the number of shares
  of the Series A Preferred Stock to be delivered in the Merger, including the portion thereof placed in escrow, were negotiated
  and agreed to by the Company and Rio Bravo prior to entering into the Merger Agreement. Immediately prior to the Merger, the Company
  had no shares of Series A Preferred Stock issued and outstanding.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Change in Management</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Pursuant to the Merger Agreement, Novamex, the shareholders of
  the Company&rsquo;s Series A Preferred Stock, and the majority shareholder of the Company&rsquo;s Common Stock, Excellere Capital
  Group LLC, entered into a Voting Agreement, which is attached hereto as <U>Exhibit 10.2</U>. Pursuant to the Voting Agreement,
  Jackson Payne and Jose Luis Robles have been elected to the Board of Directors of Novamex, with Stephen Bargo remaining as the
  Chairman of the Board.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <!-- Field: Page; Sequence: 4 -->
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following persons are the Registrant&rsquo;s executive officers
  and directors subsequent to the Closing of the Merger:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Age</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Position</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 14%; text-align: left">Stephen Bargo</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; text-align: center; vertical-align: bottom">61</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 80%; padding-left: 5.4pt">Chairman</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Jackson Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">37</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">President, Chief Executive Officer, Chief Financial Officer (interim), Treasurer (interim), and Director</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Jose Luis Robles</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: bottom">53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="padding-left: 5.4pt">Director</TD></TR>
  </TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In addition, Coleman Payne was appointed
  Secretary of the Company, with Kenneth Witt appointed as Assistant Secretary.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Jose Louis Robles is now a member of
  the board of directors of the Company and also is an employee of Excellere Capital Group LLC, which was the majority shareholder
  of Novamex prior to the Merger, and continues to be the majority shareholder of Novamex post-Merger. Stephen Bargo is the Chairman
  and owner of Excellere Capital Group LLC. Prior to the Merger, Gordon Payne and his son, Jackson Payne, were members of the board
  of directors of Rio Bravo, and Gordon Payne, Jackson Payne, and Coleman Payne (the son of Gordon Payne and brother of Jackson
  Payne) owned all of the capital stock of Rio Bravo.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Merger was determined to be the
  appropriate transaction for the Company at this time due to management's belief that market conditions in the oilfield services
  sector were favorable. The Company did not engage any third party promoters to facilitate or participate in the Merger transaction.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>FORM 10 DISCLOSURE</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I><U>Note</U>: As identified below, the financial
  statements and related information that are required pursuant to Form 10 will be provided in an Amendment to this Current Report
  on Form 8-K on or before June 26, 2015.</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>DESCRIPTION OF THE BUSINESS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex Energy Inc. is a publicly-held Nevada
  corporation that is listed on the OTCQB&reg; under the ticker symbol &quot;NGLE&quot;. The Company was incorporated under the
  laws of the State of Nevada on May 19, 2006. On June 12, 2014, the Company filed an amendment to its Articles of Incorporation
  to change its name from Nogal Energy, Inc. to Novamex Energy Inc. The name change became effective on December 22, 2014, when
  the Financial Industry Regulatory Authority (&quot;<U>FINRA</U>&quot;) completed processing the name change. On December 23, 2014,
  our Common Stock began trading under the new name &ndash; Novamex Energy Inc.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We issued 15,000,000 shares of Common Stock
  to Excellere Capital Group LLC in August of 2013 in consideration of a $600,000 investment. Since that time, Excellere Capital
  Group LLC has been a controlling stockholder with ownership of 89.1% of the Company's outstanding Common Stock.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 20, 2015, Novamex entered into and
  consummated a Merger pursuant to the Merger Agreement by and among Novamex, Merger Sub, Rio Bravo, and the Rio Bravo Shareholders.
  In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and into Rio Bravo, with Rio Bravo
  surviving the Merger as our wholly-owned subsidiary.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Rio Bravo is a Texas corporation that was
  incorporated on August 4, 2005, as Vehicle Tracking Systems, Inc. The company was originally formed to sell GPS tracking systems
  to trucking companies. The name of the company was changed to Rio Bravo Oilfield Services, Inc. on March 10, 2010, at which time
  Rio Bravo became a leading manufacturer of drill site tanks and utility buildings, specializing in custom-built carbon steel products
  such as water tanks, mud tanks, mud systems, fuel tanks, dog houses, change houses, SCR houses, generator houses, and tanks on
  wheels.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Rio Bravo is the parent of a wholly-owned subsidiary named Rio
  Bravo Tank De Mexico, S.A. de C.V. (&quot;<U>Rio Bravo Tank</U>&quot;), which is located in Saltillo, Coahuila, Mexico. Rio Bravo
  Tank is the manufacturer of Rio Bravo&rsquo;s products. Rio Bravo and Rio Bravo Tank are referred to collectively as &ldquo;<U>Rio
  Bravo</U>&rdquo;.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Business Strategy</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company's business strategy is to secure
  a sustainable competitive position as a diversified oilfield services company by delivering products and services that facilitate
  our customers' extraction and recovery objectives while upholding our strong ethical and business standards, and maintaining the
  highest standards of health, safety, and environmental performance. Our objective is to successfully manage and operate our manufacturing
  operation while we continue to search for opportunities to acquire additional oilfield services companies through purchase or
  merger. Although our manufacturing operation was profitable in the fiscal year 2014, our ability to consummate acquisition transactions
  will likely be contingent on our ability to obtain financing given that we have limited capital resources.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Industry and Competition</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The oil and gas industry is affected by many
  factors that are generally beyond our ability to control, including government regulations, particularly in the areas of taxation,
  energy, climate change, and the environment; the level of oil production by non-OPEC countries; and the available excess production
  capacity within OPEC. In addition, during fiscal 2015, we expect to face customer challenges as a result of depressed oil and
  gas prices.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The markets in which we intend to operate
  are highly competitive. Competition is influenced by such factors as price, capacity, availability of work crews, and the reputation,
  experience, and technical proficiency of the service and products provider. We believe that an important competitive factor in
  establishing and maintaining long-term customer relationships is having an experienced, skilled, and well-trained work force.
  In addition, price is often the primary factor in determining which service and products provider is awarded the work. With an
  international presence, we save our customers money because of reduced labor costs.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In numerous instances, however, we secure
  and maintain work for customers for which efficiency, reliability, safety, technology, size of fleet, and availability of other
  services are of equal importance to price. For example, we employ certified welders and build to AWS, UL, and API standards.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our ability to grow will depend on our ability
  to raise additional capital, attract and retain quality personnel, and identify suitable companies for acquisition.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our competitors include the major diversified
  oilfield service and product companies such as Schlumberger, Halliburton, and Baker Hughes, along with numerous smaller oilfield
  services and products providers. Our revenue and earnings will be affected by changes in commodity prices, fluctuations in the
  level of drilling, workover and completion activity, government regulations, and general economic conditions.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Plans for 2015</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">During the fiscal year 2015, Novamex intends
  to focus on expanding the sale of products for its manufacturing operation and will continue its efforts to purchase or merge
  with oilfield services companies. The Company plans to continue to raise funds to support these efforts through the sale of equity
  and debt securities as well as with other forms of financing.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Products</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We build quality carbon steel water tanks,
  mud systems, and buildings. Our engineers offer customers a standard design or assist them in designing the exact tank to fit
  their needs. We specialize in custom-built carbon steel products, including:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mud Systems &ndash; complete systems, on skid or mobile;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Mud Tanks &ndash; slant or contoured bottoms;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Water Tanks &ndash; blank or complete with pumps and motors;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Waste Water and Water Treatment Tanks &ndash; all types available;</TD>
  </TR></TABLE>
  
  
  
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  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Doghouses / Control Houses &ndash; with or without lighting;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Generator Houses &ndash; with or without gen-sets;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pump Houses &ndash; up to 14 feet wide;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Change Houses - curved or flat roof;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Tool Rooms &ndash; all types available;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">SCR Houses &ndash; with or without components, insulation or AC;</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Fuel Tanks &ndash; with or without piping, pumps or containment; and</TD>
  </TR></TABLE>
  
  
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Trip Tanks &ndash; solitary skid or combined with Choke Manifold or Gas Buster.</TD>
  </TR></TABLE>
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We also offer other products, including pipe
  racks, pipe tubs, sludge tanks, cat walks, large vessel tanks, custom roll-off containers and frac tanks, and any other type of
  carbon steel building.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: red"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Materials and Suppliers</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We purchase various raw materials and component
  parts for use in manufacturing our products and delivering our services to customers. Raw materials essential to our manufacturing
  business are normally readily available. Market conditions can trigger price volatility and constraints in the supply of certain
  raw materials, however, such as high-quality A36 steel. We do not expect significant interruptions in the supply of raw materials,
  but there can be no assurance that there will be no price or supply issues over the long-term. While we use many suppliers to
  satisfy our raw material needs, our primary supplier of steel products in Mexico is Fortacero. Other key suppliers include Potencia
  Fluida, Villacero, and Aceromex. Other higher grades of steel have to be purchased in the United States, along with the specific
  oilfield equipment we provide to our customers. Principal suppliers of these products are SSS Steel, MI-Swaco, PSI, and Double
  Life Corporation.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Revenue and Customers</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As with many similar companies in the oil
  and gas manufacturing business, the long-lead times to manufacture large, custom products makes us dependent on a few select customers
  in any given year. Currently, our three biggest customers are Nabors Drilling USA, Patterson-UTI Drilling, and Loadmaster Universal
  Rigs. We currently have over $15M in revenue on the backlog that we expect to deliver this year.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In December 2014, we obtained approved vendor
  status with Pemex Procurement International (PPI), which we expect to be instrumental in growing the Company&rsquo;s revenue in
  fiscal 2015 and beyond.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Intellectual Property</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We believe that our success depends in part
  on our ability to protect our proprietary rights. We rely on a combination of trade secret laws and confidentiality agreements
  and processes to protect our proprietary rights.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Generally, we require our customers and potential
  distribution participants to enter into confidentiality and non-disclosure agreements before we disclose any confidential aspect
  of our technology, services, or business. In addition, we plan to require certain of our key employees to assign to us any proprietary
  information, inventions, or other technology created during the term of their employment with us. These precautions, however,
  may not be sufficient to protect us from misappropriation or infringement of our intellectual property.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Distribution and Marketing</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We distribute our own products with an in-house logistics team
  and third party trucking companies. We market our products and services in the United States and Mexico through our own business
  development and sales personnel.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Regulation</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Regulation of Gas and Oil Production</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Oilfield services operations are subject
  to various federal, state, and local laws and regulations pertaining to health, safety, and the environment. We cannot
  predict the level of enforcement of existing laws or regulations or how such laws and regulations may be interpreted by
  enforcement agencies or court rulings in the future. In addition, we cannot predict whether additional laws and regulations
  affecting the oilfield services business will be adopted, or the effect such changes might have on our financial condition,
  the oilfield services business, or us.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Environmental Regulation</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Oilfield services operations routinely involve
  the storage, handling, transportation, and disposal of bulk waste materials, some of which contain oil, contaminants, and other
  regulated substances. Various environmental laws and regulations require prevention, and where necessary, cleanup of spills and
  leaks of such materials, and some operations must obtain permits that limit the discharge of materials. Failure to comply with
  such environmental requirements or permits may result in fines and penalties, remediation orders, and revocation of permits.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Hazardous Substances and Waste</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Comprehensive Environmental Response,
  Compensation, and Liability Act, as amended, referred to as &quot;CERCLA&quot; or the &quot;Superfund&quot; law, and comparable
  state laws, impose liability without regard to fault or the legality of the original conduct of certain defined persons, including
  current and prior owners or operators of a site where a release of hazardous substances occurred and entities that disposed of
  or arranged for the disposal of the hazardous substances found at the site. Under CERCLA, these &quot;responsible persons&quot;
  may be jointly and severally liable for the costs of cleaning-up the hazardous substances, for damages to natural resources, and
  for the costs of certain health studies.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In the course of our intended operations,
  we expect to occasionally generate materials that are considered &quot;hazardous substances&quot; and, as a result, may incur
  CERCLA liability for clean-up costs. Furthermore, claims may be filed for personal injury and property damage allegedly caused
  by the release of hazardous substances or other pollutants. Also, we expect to generate solid wastes that are subject to the requirements
  of the Resource Conservation and Recovery Act, as amended (&quot;<U>RCRA</U>&quot;), and comparable state statutes.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Although we plan to use operating and disposal
  practices that are standard in the industry, hydrocarbons or other wastes may have been released at properties owned or leased
  by us now or in the past, or at other locations where these hydrocarbons and wastes were taken for treatment or disposal. Under
  CERCLA, RCRA, and analogous state laws, we could be required to clean-up contaminated property (including contaminated groundwater),
  or to perform remedial activities to prevent future contamination.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Air Emissions</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Clean Air Act, as amended (&quot;<U>CAA</U>&quot;),
  and similar state laws and regulations restrict the emission of air pollutants and also impose various monitoring and reporting
  requirements. These laws and regulations may require us to obtain approvals or permits for construction, modification, or operation
  of certain projects or facilities and may require use of emission controls.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Global Warming and Climate Change</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Some scientific studies suggest that emissions of greenhouse gases
  (including carbon dioxide and methane) may contribute to warming of the Earth's atmosphere. While we do not believe our future
  operations will raise climate change issues different from those generally raised by commercial use of fossil fuels, legislation
  or regulatory programs that restrict greenhouse gas emissions in areas where we conduct business could increase our costs in order
  to comply with any such laws. For example, methane emissions regulations already exist in the state of Colorado.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I></I></B></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Water Discharges</I></B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We plan to operate facilities that will be subject to the
  requirements of the Clean Water Act, as amended (&quot;<U>CWA</U>&quot;), and analogous state laws that impose restrictions
  and controls on the discharge of pollutants into navigable waters. Spill prevention, control, and counter-measure
  requirements under the CWA require implementation of measures to help prevent the contamination of navigable waters in the
  event of a hydrocarbon spill. Other requirements for the prevention of spills are established under the Oil Pollution Act of
  1990, as amended (&quot;<U>OPA</U>&quot;), which applies to owners and operators of vessels, including barges, offshore
  platforms, and certain onshore facilities. Under OPA, regulated parties are strictly and jointly and severally liable for oil
  spills and must establish and maintain evidence of financial responsibility sufficient to cover liabilities related to an oil
  spill for which such parties could be statutorily responsible.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Additionally, the Safe Drinking Water Act
  of 1974, as amended (&quot;<U>SDWA</U>&quot;), establishes a regulatory framework for the underground injection of a variety of
  wastes, including those being produced and separated from crude oil and natural gas production. The primary goal of the SDWA is
  the protection of usable aquifers. The chief objective of injection well operating permits and requirements is to ensure the mechanical
  integrity of the wellbore and to prevent migration of fluids from the injection zone into underground sources of drinking water.
  Class II underground injection wells, a predominant storage method for crude oil and natural gas wastewater, are strictly controlled,
  and certain wastes, absent an exemption, cannot be injected into such wells. Hence, failure to abide by any such permits that
  we obtain could subject us to civil or criminal enforcement.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>&nbsp;</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Employees</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex and its wholly&ndash;owned subsidiaries
  currently have 132 employees, all of which are full-time. We expect this number to materially increase if we are able to identify
  and acquire additional oilfield service companies.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Seasonality</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Oilfield services operations can be
  affected by seasonal weather, which can temporarily affect the delivery and performance of products and services, as well as the
  budgetary cycles of customers. For example, seasonal events that could impact our intended business operations include:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">The severity and duration of both the summer and the winter in the United States can
  have a significant impact on activity levels;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Hurricanes can disrupt coastal and offshore drilling and production operations; and</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Customer spending patterns for software and various other oilfield services and products
  can result in higher activity in the fourth quarter of the calendar year.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Available Information</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We file annual reports on Form 10-K, quarterly reports on Form
  10-Q, current reports on Form 8-K, proxy statements, and other documents with the SEC pursuant to the Exchange Act. The public
  may read and copy any materials that we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington,
  DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
  Also, the SEC maintains an internet website that contains reports, proxy and information statements, and other information regarding
  issuers, including Novamex, that file electronically with the SEC. The public can obtain any document we file with the SEC at
  http://www.sec.gov. Information contained on or connected to our website is not incorporated by reference into this Current Report
  on Form 8-K and should not be considered part of this Annual Report or any other filing that we make with the SEC.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Risk Factors</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">An investment in our securities involves various
  risks. You should consider carefully all of the risk factors described below, the matters discussed herein under &quot;Forward-Looking
  Statements,&quot; and other information included and incorporated by reference in this Current Report on Form 8-K, as well as
  in other reports and materials that we file with the SEC. If any of the risks described below or elsewhere in this Current Report
  on Form 8-K were to materialize, our business, financial condition, results of operations, cash flows, or prospects could be materially
  adversely affected. In such case, the trading price of our Common Stock could decline and you could lose part or all of your investment.
  Additional risks and uncertainties not currently known to us, or those we currently deem immaterial, may also materially adversely
  affect our financial condition, results of operations, and cash flows.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Demand for our services and products is affected by
  fluctuations in oil and natural gas prices, such as the recent decline in prices, which, in turn, affect the level of
  exploration, development, and production activity of our customers and could have a material adverse effect on our business,
  financial condition, results of operations, and impede our growth.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The oilfield services business is cyclical
  and depends on general conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures
  by oil and natural gas companies. Volatility in oil and natural gas prices, tight credit markets, and disruptions in the United
  States and global economies and financial systems may adversely impact our intended business. Prices for oil and natural gas have
  been historically volatile as a result of changes in the supply of, and demand for, oil and natural gas and other factors. These
  include changes resulting from, among other things, the ability of OPEC to support oil prices, changes in the levels of oil and
  natural gas production in the United States and other countries, domestic and worldwide economic conditions, and political instability
  in oil-producing countries.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Oil prices sharply declined during the
  second half of 2014 and have remained low since that time. Because we depend on our customers' willingness to make capital expenditures
  to explore, develop, and produce oil and natural gas, continued weakness in oil and natural gas prices (or the perception by our
  customers that oil and natural gas prices will decrease in the future) could result in a reduction in the utilization of our equipment
  and result in lower rates for our services. Customers' willingness to undertake exploration and production activities depends
  largely upon prevailing industry conditions that are influenced by numerous factors over which we have no control, including:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the domestic and foreign supply of oil and natural gas;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the level of prices, and expectations about future prices, of oil and natural gas;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the price and availability of alternative fuels;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the level of consumer demand;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the cost of exploring for, developing, producing, and delivering oil and natural gas;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the price of foreign imports;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">weather conditions;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">worldwide economic conditions;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the availability, proximity, and capacity of transportation facilities and processing
  facilities;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the effect of worldwide energy conservation efforts;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">risks associated with operating drilling rigs;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">technical advances affecting energy consumption;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">political conditions in oil and gas producing regions; and</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">domestic and foreign governmental regulations and taxes.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><BR>
  </P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">A substantial decline in oil and natural gas
  prices generally leads to decreased spending by customers. While higher oil and natural gas prices generally lead to increased
  spending by customers, sustained high energy prices can be an impediment to economic growth, and can therefore negatively impact
  spending by our customers. Customers also take into account the volatility of energy prices and other risk factors by requiring
  higher returns for individual projects if there is higher perceived risk. Any of these factors could affect the demand for oil
  and natural gas and could have a material adverse effect on our business, financial condition, results of operations, and cash
  flow.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Spending by exploration and production
  companies depends on factors other than oil and natural gas prices, including conditions in the capital markets and the discovery
  and development of oil and natural gas reserves.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Spending by exploration and production companies
  can also be impacted by conditions in the capital markets. Limitations on the availability of capital, or higher costs of capital,
  for financing expenditures may cause exploration and production companies to make additional reductions to capital budgets in
  the future even if oil and natural gas prices remain stable or increase. Any such cuts in spending will curtail drilling programs
  as well as discretionary spending on well services, which may result in a reduction in the demand for our services, and the rates
  we can charge and the utilization of our assets. Moreover, reduced discovery rates of new oil and natural gas reserves, or a decrease
  in the development rate of reserves, in our market areas, whether due to increased governmental regulation, limitations on exploration
  and drilling activity, or other factors, could also have a material adverse impact on our business, even in a stronger oil and
  natural gas price environment.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>We may be unable to implement price
  increases or maintain existing prices on our core services and products.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We may periodically seek to increase the prices
  of our services and products to offset rising costs and to generate higher returns for our stockholders. We operate in a very
  competitive industry, however, and we may not always be successful in raising or maintaining our existing prices. Additionally,
  during periods of increased market demand, a significant amount of new service capacity, including new well service rigs, fluid
  hauling trucks, coiled tubing units, and new fishing and rental equipment, may enter the market, which could also put pressure
  on the pricing of our services and products and can limit our ability to increase or maintain prices. Likewise, during periods
  of declining pricing for our services and products, as we are experiencing now, we may not be able to reduce our costs accordingly,
  which could further adversely affect our profitability.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Even when we are able to increase our prices,
  we may not be able to do so at a rate that is sufficient to offset such rising costs. In periods of high demand for oilfield services,
  a tighter labor market may result in higher labor costs. During such periods, our labor costs could increase at a greater rate
  than our ability to raise prices for our services. What is more, we may not be able to successfully increase prices without adversely
  affecting our activity levels. The inability to maintain our prices or to increase our prices as costs increase could have a material
  adverse effect on our business, financial position, and results of operations.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>We participate in a capital-intensive
  industry. We may not be able to finance future acquisitions or future growth of our oilfield services operations.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our business activities require substantial
  capital expenditures. If our cash flow from operating activities are not sufficient to fund our capital budget, we would be required
  to fund capital expenditures through debt or equity or alternative financing plans, such as refinancing or restructuring our debt
  or selling assets.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our ability to raise debt or equity capital
  or to refinance or restructure our debt will depend on the condition of the capital markets and our financial condition at such
  time, among other things. Any refinancing of our debt could be at higher interest rates and may require us to comply with more
  onerous covenants, which could further restrict our business operations. The terms of existing or future debt instruments may
  restrict us from adopting some of these alternatives. If debt and equity capital or alternative financing plans are not available,
  or are not available on economically attractive terms, we would be required to curtail our capital spending, and our ability to
  grow our business and sustain or improve our profits may be adversely affected. Any of the foregoing consequences could materially
  and adversely affect our business, financial condition, results of operations, and prospects.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Loss of key members of our management
  could disrupt our business.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We maintain employment agreements with our
  senior executives and depend on the continued employment and performance of our senior executives and other key members of management.
  If any of these individuals resigns or becomes unable to continue in his or her present role and is not adequately replaced, our
  business operations and our ability to implement our growth strategies could be materially disrupted.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Increased labor costs or the unavailability
  of skilled workers could hurt our oilfield services operations.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Companies in our industry are dependent upon
  the available labor pool of skilled employees. We compete with other oilfield services businesses and other employers to attract
  and retain qualified personnel with the technical skills and experience required to provide our customers with the highest quality
  service. We are also subject to the Fair Labor Standards Act, which governs matters such as the minimum wage, overtime, and other
  working conditions, and which can increase our labor costs or subject us to liabilities from our employees. A shortage in the
  labor pool of skilled workers or other general inflationary pressures or changes in applicable laws and regulations could make
  it more difficult for us to attract and retain personnel and could require us to enhance our wage and benefits packages. Labor
  costs may increase in the future, and such increases could have a material adverse effect on our business, financial condition,
  and results of operations.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>New technologies may cause our current
  operating methods to become obsolete.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The oil and gas industry is subject to rapid and significant
  advancements in technology, including the introduction of new products and services utilizing new technologies. As
  competitors use or develop new technologies, we may be placed at a competitive disadvantage, and competitive pressures may
  force us to implement new technologies at a substantial cost. In addition, our competitors have greater financial, technical,
  and personnel resources that allow them to enjoy technological advantages and may in the future allow them to implement new
  technologies before we can. We cannot be certain that we will be able to implement technologies on a timely basis or at a
  cost that is acceptable to us. If we are unable to maintain technological advancements consistent with industry standards,
  our operations and financial condition may be adversely affected.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>New federal rules relating to hydraulic
  fracturing could result in increased costs and additional operating restrictions or delays.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The U.S. Department of the Interior recently
  released new rules on hydraulic fracturing on federal and Indian lands. Hydraulic fracturing involves the injection of water,
  sand and additives under pressure into rock formation to stimulate natural gas production. The use of hydraulic fracturing is
  necessary to produce commercial quantities of natural gas and oil from many reservoirs. These new rules have established an additional
  level of regulation and permitting at the federal level that may (i) lead to operational delays, (ii) increase operating costs,
  (iii) increase our costs of compliance and doing business, and (iv) delay the development of gas resources that are not commercial
  without the use of hydraulic fracturing. We also cannot predict what additional legislative and regulatory initiatives may be
  enacted at the federal, state, and local levels.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>We exist in a litigious environment.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Any constituent could bring suit regarding our existing or planned
  operations or allege a violation of an existing contract. Any such action could delay when planned operations can actually commence
  or could cause a halt to existing production until the courts resolve such alleged violations. Not only could we incur significant
  legal and support expenses in defending our rights, but also halting existing production or delaying planned operations could
  impact our future operations and financial condition. Such legal disputes could also distract management and other personnel from
  their primary responsibilities.&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I></I></B></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Interruptions to our business could
  adversely affect our operations.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As with any company, our operations are at
  risk of being interrupted by earthquake, fire, flood, and other natural and human-caused disasters, including disease and terrorist
  attacks. Our operations are also at risk of power loss, telecommunications failure, and other infrastructure and technology based
  problems.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>A terrorist attack or armed conflict
  could harm our business.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Terrorist activities, anti-terrorist efforts,
  and other armed conflicts involving the United States or other countries may adversely affect the United States and global economies
  and could prevent us from meeting our financial and other obligations. If any of these events occur, the resulting political instability
  and societal disruption could reduce overall demand for oil and natural gas, potentially putting downward pressure on demand for
  our services and causing a reduction in our revenues. Oil and natural gas related facilities could be direct targets of terrorist
  attacks, and our operations could be adversely impacted if infrastructure integral to our customers' operations is destroyed or
  damaged. Costs for insurance and other security may increase as a result of these threats, and some insurance coverage may become
  more difficult to obtain, if available at all.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Risks Related to Our Common Stock</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>The regulation of penny stocks by the
  SEC and FINRA may discourage trading of our securities.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We are a &quot;penny stock&quot; company, and are subject to
  an SEC rule that imposes special sales practice requirements upon broker-dealers who sell such securities to persons other
  than established customers or accredited investors. For transactions covered by the rule, the broker-dealer must make a
  special suitability determination for the purchaser and receive the purchaser's written agreement to the transaction prior to
  the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently, the rule will
  affect the ability of our stockholders sell their securities in any market that might develop therefore because it imposes
  additional regulatory burdens on penny stock transactions.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In addition, the SEC has adopted a number
  of rules to regulate &quot;penny stocks.&quot; Because our securities constitute &quot;penny stocks&quot; within the meaning of
  the rules, the rules would apply to us and to our securities. The rules will further affect the ability of owners of shares to
  sell our securities in any market that might develop for them because these rules impose additional regulatory burdens on penny
  stock transactions.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stockholders should be aware that, according
  to the SEC, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (i)
  control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (ii) manipulation
  of prices through prearranged matching of purchases and sales and false and misleading press releases; (iii) &quot;boiler room&quot;
  practices involving high-pressure sales tactics and unrealistic price projections by inexperienced sales persons; (iv) excessive
  and undisclosed bid-ask differentials and markups by selling broker-dealers; and (v) the wholesale dumping of the same securities
  by promoters and broker-dealers after prices have been manipulated to a desired consequent investor losses.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white"><B><I>Our
  Common Stock is an unsecured equity interest in Novamex.</I></B></FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">As an equity interest, our
  Common Stock is not secured by any of the assets of Novamex. Therefore, in the event we are liquidated, the holders of the Common
  Stock will receive a distribution only after all of our secured and unsecured creditors have been paid in full. There can be no
  assurance that we will have sufficient assets after paying our secured and unsecured creditors to make any distribution to the
  holders of the Common Stock.</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I></I></B></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Common stockholders will be diluted
  if additional shares of Common Stock are issued.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">If we sell additional equity, or convertible
  debt securities, such sales could result in increased dilution to our existing common stockholders and cause the price of our
  outstanding shares of Common Stock to decline. Further, the issuance of options or other derivative securities to acquire our
  Common Stock could result in dilution to other holders of our Common Stock.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Sales of additional shares of our Common
  Stock could have a negative effect on the market price of our Common Stock.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Sales of substantial amounts of our Common
  Stock in the public market could adversely affect prevailing market prices and could impair our ability to raise capital through
  the sale of our equity securities. Most shares of Common Stock currently outstanding are eligible for sale in the public market,
  subject in certain cases to compliance with the requirements of Rule 144 under the securities laws. We also have the authority
  to issue additional shares of Common Stock. The issuance of such shares could (i) dilute the voting power of the currently outstanding
  shares of our Common Stock and (ii) dilute earnings per share.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white"><B><I>We
  have shares of preferred stock outstanding that have greater rights than our Common Stock and we may issue additional shares of
  preferred stock that have greater rights than our Common Stock.</I></B></FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">Upon the Closing of
  the Merger, we issued 10,500,000 shares of Series A Preferred Stock to the Rio Bravo Shareholders. The terms of the Series A
  Preferred Stock are attached to this Current Report on Form 8-K as <U>Exhibit 4.1</U>. The Series A Preferred Stock has a
  $1.00 per share liquidation preference over the Common Stock of Novamex, which means </FONT>that with respect to the
  distribution of assets and payment of dividends upon liquidation, dissolution, or winding up of the Company, whether
  voluntary or involuntary, all shares of the Series A Preferred Stock rank senior to all shares of Common Stock and any other
  securities designated as junior to the Series A Preferred Stock to the extent of $10,500,000.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">In addition
  to the issued and outstanding shares of the Series A Preferred Stock, our articles of incorporation authorize our board of directors
  to issue one or more additional series of preferred stock and set the terms of the preferred stock without seeking any further
  approval from our stockholders. Any additional shares of preferred stock that are issued also may rank ahead of our Common Stock,
  in terms of dividends, liquidation rights, and/or voting rights.</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>We do not currently pay dividends on
  our Common Stock and do not anticipate doing so in the future.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We have paid no cash dividends on our Common
  Stock, and we may not pay cash dividends on our Common Stock in the future. We intend to retain any earnings to fund our operations.
  Therefore, we do not anticipate paying any cash dividends on our Common Stock in the foreseeable future.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white"><B><I>Securities
  analysts may not initiate coverage of our Common Stock or may issue negative reports, which may adversely affect the trading price
  of our Common Stock.</I></B></FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">We cannot
  assure you that securities analysts will cover our company. If securities analysts do not cover our company, this lack of coverage
  may adversely affect the trading price of our Common Stock. The trading market for our shares will rely in part on the research
  and reports that securities analysts publish about us and our business.&nbsp;&nbsp;If one or more of the analysts who cover our
  company downgrades our shares, the trading price of our shares may decline. If one or more of these analysts ceases to cover our
  company, we could lose visibility in the market, which, in turn, could also cause the trading price of our shares to decline.&nbsp;&nbsp;Further,
  because of our small market capitalization, it may be difficult for us to attract securities analysts to cover our company, which
  could significantly and adversely affect the trading price of our Common Stock.</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Our stock price is volatile and you
  may not be able to resell shares of our Common Stock at or above the price you paid</I></B>.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The price of our Common Stock fluctuates significantly, which
  may result in losses for investors. We expect our Common Stock to be subject to fluctuations as a result of a variety of factors,
  including factors beyond our control. These factors include:</P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in oil and gas prices;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">variations in drilling, recompletions, acquisitions, and operating results;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in governmental regulation;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in financial estimates by securities analysts;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">changes in market valuations of comparable companies;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">additions or departures of key personnel;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">future sales of our Common Stock;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">statement changes in opinions, ratings, or earnings estimates made;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">disparity between our reported results and any projections;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">technological innovations by us or our competitors;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">ability to maintain profitable relationships with our customers;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">ability to report financial information in a timely manner; or</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">&bull;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the markets in which our Common Stock is traded.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B><I>Provisions in our articles and
  bylaws as well as under Nevada law could delay or prevent a change in control of our company, which could adversely affect the
  price of our Common Stock.</I></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Provisions in our articles and bylaws
  could delay or prevent a change in control of the Company, which could adversely affect the price of our Common Stock. In addition
  to the ability of the board of directors to issue preferred stock without shareholder approval, our articles (a) provide for a
  classified board of directors, (b) require a two-thirds majority vote of the stockholders to amend our articles or bylaws, and
  (c) prohibit stockholder action by written consent. In addition, our bylaws (i) do not provide stockholders with the power to
  call a special meeting, (ii) require advance notice for stockholder nominations to the board or proposals for new business, and
  (iii) in the case of a takeover offer, require that the board consider all relevant factors in evaluating such offer, including,
  but not limited to, the terms of the offer, and the potential economic and social impact of such offer on our stockholders, employees,
  customers, creditors, and the community in which we operate.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Further, the existence of some provisions under Nevada law
  could delay or prevent a change in control of the Company, which could adversely affect the price of our Common Stock. Nevada
  law imposes some restrictions on mergers and other business combinations between us and any holder of 10% or more of our
  outstanding Common Stock.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>PROPERTIES</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex's corporate headquarters are located
  at 1610 Woodstead Court, Suite 330, The Woodlands, Texas, 77380, where we lease 3,221 square feet of space. Further, Rio Bravo
  Tank leases its fabrication shop, which has 80,000 square feet of manufacturing space, overhead cranes, cutting and bending capabilities,
  and complete painting facilities. This facility is located at Kilometro 14 de la Carretera Saltillo-Piedras Negras, in Ramos Arizpe,
  Coahuila, Mexico.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>FINANCIAL INFORMATION</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The financial information required pursuant
  to Items 301, 303, and 305 of Regulation S-K will be provided in an Amendment to this Current Report on Form 8-K on or before
  June 26, 2015.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
  OWNERS AND MANAGEMENT</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The following table sets forth certain information
  as of May 20, 2015, with respect to the beneficial ownership of the outstanding Series A Preferred Stock and the Common Stock
  of Novamex by (i) any holder of more than five (5%) percent; (ii) each of the Company&rsquo;s executive officers and directors;
  and (iii) the Company&rsquo;s directors and executive officers as a group. The percentage of class beneficially owned is based
  on 10,500,000 shares of the Series A Preferred Stock and 16,834,415 shares of Common Stock reported by the Company as being issued
  and outstanding as of May 20, 2015. Each share of the Series A Preferred Stock is entitled to one vote per share, and each share
  of Common Stock is entitled to one vote per share. Beneficial ownership has been determined in accordance with Rule 13d-3 under
  the Exchange Act. Unless otherwise specified, the address of each of the persons listed in the table below is c/o Novamex Energy
  Inc., 1610 Woodstead Court, Suite 330, The Woodlands, Texas 77380.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Class Title</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid"># of Shares Beneficially Owned</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of Outstanding Shares of Class Beneficially Owned</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">% of Outstanding Shares of All Voting Securities Beneficially Owned</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD COLSPAN="15" STYLE="font-weight: bold; font-style: italic">Directors and Executive Officers</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 18%; text-align: left; padding-left: 5.4pt">Common Stock</TD><TD STYLE="width: 3%">&nbsp;</TD>
      <TD STYLE="width: 18%; text-align: left; padding-left: 5.4pt">Stephen Bargo</TD><TD STYLE="width: 3%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 16%; text-align: right">15,000,000 <B>(1)</B></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">89.1</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 3%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 15%; text-align: right">93.3% <B>(2)</B></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Common Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Jackson Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,000,000 <B>(3)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(4)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Common Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Jose Luis Robles</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt; vertical-align: top">Common Stock</TD><TD STYLE="font-style: italic">&nbsp;</TD>
      <TD STYLE="font-style: italic; text-align: left; padding-left: 5.4pt">All Directors and Officers as a Group (3 Persons)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,000,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3</TD><TD STYLE="text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="15" STYLE="font-weight: bold; font-style: italic">5% Shareholders</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt; vertical-align: top">Common Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Excellere Capital Group LLC <BR>3102 Maple Avenue, Ste. 450 <BR>Dallas, Texas 75201</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">15,000,000 <B>(5)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">89.1</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(6)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt; vertical-align: top">Series A Preferred Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Stephen Bargo</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,000 <B>(7)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(8)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Series A Preferred Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Jackson Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,000 <B>(9)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(10)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Series A Preferred Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Jose Luis Robles</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right; vertical-align: middle">&mdash;</TD><TD STYLE="text-align: left"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Series A Preferred Stock</TD><TD STYLE="font-style: italic">&nbsp;</TD>
      <TD STYLE="font-style: italic; text-align: left; padding-left: 5.4pt">All Directors and Officers as a Group (3 Persons)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3</TD><TD STYLE="text-align: left">%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="15" STYLE="font-weight: bold; font-style: italic">5% Shareholders</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Series A Preferred Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Gordon Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,000 <B>(11)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(12)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Series A Preferred Stock</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Coleman Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">10,500,000 <B>(13)</B></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">100.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">93.3% <B>(14)</B></TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(1)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(2)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Energy Inc. Voting
  Agreement, dated May 20, 2015, by and among Novamex Energy Inc., Excellere Capital Group LLC, and Gordon Payne, Jackson Payne,
  and Coleman Payne (the &quot;<U>Novamex Voting Agreement</U>&quot;), which is attached to this Current Report on Form 8-K as <U>Exhibit
  10.2</U>.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(3)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Jackson Payne has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(4)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 3,449,983 shares of Series A Preferred Stock held by Jackson Payne and  7,000,017
                                                                                 shares of Series A Preferred Stock held by Gordon Payne and Coleman Payne that Jackson Payne has shared voting power over
                                                                                 pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(5)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Stephen Bargo has sole voting and dispositive power over the securities held by Excellere
  Capital Group LLC as the company's sole member.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(6)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(7)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(8)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(9)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 3,499,983 shares of Series A Preferred Stock held by Jackson Payne and  7,000,017
                                                                                 shares of Series A Preferred Stock held by Gordon Payne and Coleman Payne that Jackson Payne has shared voting power over
                                                                                 pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(10)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Jackson Payne has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(11)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 3,500,034 shares of Series A Preferred Stock held by Gordon Payne and  6,999,966
                                                                                  shares of Series A Preferred Stock held by Jackson Payne and Coleman Payne that Gordon Payne has shared voting power over
                                                                                  pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(12)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Gordon Payne has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(13)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 3,499,983 shares of Series A Preferred Stock held by Coleman Payne and 7,000,017
  shares of Series A Preferred Stock held by Jackson Payne and Gordon Payne that Coleman Payne has shared voting power over pursuant
  to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(14)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Coleman Payne has shared voting power over pursuant to the Novamex Voting Agreement.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>DIRECTORS AND EXECUTIVE OFFICERS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The officers, directors, and certain significant
  employees of the Company are as follows:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Age</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Position(s) and Term(s) of office</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 14%; text-align: justify; padding-left: 5.4pt">Stephen Bargo</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 4%; text-align: right">61</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 78%; text-align: left; padding-left: 5.4pt">Chairman (June 28, 2013 to Present)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Jackson Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">37</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">President, Chief Executive Officer, Chief Financial Officer (interim), and
      Treasurer (interim) (May 20, 2015 to Present); Director (May 20, 2015 to Present)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Jose L. Robles</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Director (May 20, 2015 to Present)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Gordon Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">63</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">President of Rio Bravo Oilfield Services, Inc. (May 20, 2015 to Present)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: justify; padding-left: 5.4pt">Coleman Payne</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left; padding-left: 5.4pt">Secretary (May 20, 2015 to Present)</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Terms of Office</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The stockholders of the Company will elect
  the members of the board of directors at the annual meeting (except for the filling of vacancies) during fiscal 2015. &nbsp;Each
  director holds office until his death, resignation, retirement, removal, or disqualification, or until his successor shall have
  been elected and qualified, and as further set forth in the Articles of Incorporation of Novamex.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Board elects the officers of the Company. &nbsp;Each officer
  holds office until his death, resignation, retirement, removal, or disqualification&nbsp;or until his successor shall have been
  elected and qualified.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
  <!-- Field: Page; Sequence: 17 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Family Relationships</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Jackson Payne, Director and the Chief Executive
  Officer of Novamex, Gordon Payne, the President of Rio Bravo, and Coleman Payne, the Secretary of Novamex, are all family members.
  Specifically, Gordon Payne is the father of Jackson Payne and Coleman Payne, who are brothers. There are no other family relationships
  between or among the directors, executive officers, or persons nominated or chosen by us to become directors or executive officers.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Business Experience</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Stephen Bargo</I> has 31 years of experience
  in the global oil and gas marketplace, primarily in the private equity and merger and acquisitions space. &nbsp;He founded a service
  company at 18 years of age, which he sold in 1992. &nbsp;Mr. Bargo's experience includes investment-grade real estate development,
  portfolio optimization, equity raises, operations management, and transactional activity. &nbsp;He leverages strategic alliances
  with real estate firms and oil and gas companies in Africa, Asia, Europe, the United States, and Mexico to gain access to lucrative
  off-market opportunities and deliver a competitive advantage to investors. &nbsp;Prior to Mr. Bargo's employment with Novamex,
  he was (and continues to be) employed by Excellere Capital Group LLC.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Jackson Payne </I>has
  over 15 years of experience in oil and gas management. His experience includes serving as President and CFO of Rio Bravo Oilfield
  Services, Inc. Jackson joined Rio Bravo in 2006 as CFO where he designed, implemented, and managed every facet of the finance
  and accounting organization for Rio Bravo and its wholly-owned Mexican subsidiary, Rio Bravo Tank de Mexico. He was appointed
  as President of Rio Bravo in 2010. Jackson is the son of Rio Bravo&rsquo;s founder and CEO, Gordon Payne, and was an all-conference
  basketball player at Christian Brothers University and assistant coach at Wofford College prior to joining Rio Bravo. He is presently
  an MBA candidate at the Kenan-Flagler Business School at the University of North Carolina, and also sits on the Board of Directors
  of The Victory Formation, a charity that supports orphans and widows.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Jose Louis Robles </I>has over 20 years
  of experience in the financial and real estate industries. His experience includes the development and implementation of the regulations
  of the Mexican mutual fund industry, origination and distribution of fixed income and equity securities, as well as fund raising,
  financial planning and implementation of strategic business development and controls. During the past five years, Jose has acted
  as Managing Director (Real Estate and Transaction Services) of Cronos Capital, a boutique investment firm dealing in housing,
  mixed-use development and land deals. Cronos Capital is not a parent, subsidiary, or other affiliate of the Registrant. Jose is
  currently the Managing Partner and Board Member of Excellere Capital Group de Mexico, which is a wholly-owned subsidiary of Excellere
  Capital Group LLC. Jose is a Public Accountant with specialties in real estate and corporate finance. He has a master&rsquo;s
  degree in Real Estate Development Projects from the Universidad de Anahuac, Mexico, and a bachelor&rsquo;s degree in Accounting
  from Instituto Tecnologico Autonomo de Mexico (ITAM).</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>&nbsp;</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Gordon Payne</I> has over 10 years of experience
  in the oil and gas manufacturing industry. His experience includes serving as CEO of Rio Bravo Oilfield Services, Inc., which
  he founded in 2006. As CEO, Gordon has been responsible for the majority of Rio Bravo&rsquo;s sales and manufacturing.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>&nbsp;</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Coleman Payne </I>has over nine years of
  experience in the oil and gas industry and mergers and acquisitions. His experience includes serving for five years as the COO
  of Rio Bravo, and four years in Deloitte Consulting&rsquo;s Strategy and Operations practice. Coleman has a BBA in Finance and
  Marketing from the University of Oklahoma.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>EXECUTIVE COMPENSATION</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Board Compensation</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">For the fiscal year ended December 31, 2004, the Company&rsquo;s
  sole director, Stephen Bargo, received no compensation for his services as a director. Novamex has not established any standard
  arrangements pursuant to which directors have been compensated for their services, although all directors are reimbursed for out-of-pocket
  expenses, including those incurred in connection with attendance at meetings of the Board of Directors. The Company may establish
  a compensation plan for its directors in the future.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
  <!-- Field: Page; Sequence: 18 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Executive Compensation
  &ndash; Executive Officers of Novamex</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex did not pay
  or accrue any cash compensation to any executive officer of the Company nor pay or accrue any other compensation to any executive
  officer of the Company during the fiscal years ended December 31, 2014 and 2013.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Executive Compensation
  &ndash;Executive Officers of Rio Bravo</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Rio Bravo became our
  wholly-owned subsidiary upon the Closing of the Merger. The following summary compensation table indicates the cash and non-cash
  compensation earned by the individuals who would have been deemed its executive officers had Rio Bravo Oilfield Services, Inc.
  been a reporting company on December 31, 2014. Each of the below salaries commenced under their respective employment agreements
  on July 1, 2014:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="33" STYLE="font-weight: bold; text-align: center">Summary Compensation Table</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name and Principal Position</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Year</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Salary</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Bonus</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Stock Awards</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Option Awards</B></P></TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Non-Equity Incentive Plan Compensation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>All Other Compensation</B></P></TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Total</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 28%; text-align: left; padding-left: 5.4pt">Gordon Payne - CEO</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">2014</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">180,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 5%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 5%; text-align: right">180,000</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Jackson Payne - CFO</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">180,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">180,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 5.4pt">Coleman Payne &ndash; COO</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">2014</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">180,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">180,000</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">None of the executive
  officers or directors of Rio Bravo received nor does Rio Bravo have any arrangements to pay out any bonus, stock awards, option
  awards, non-equity inventive plan compensation, or non-qualified deferred compensation.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Potential Payments
  Upon Termination or Change-in-Control</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">SEC regulations require
  that we must disclose information regarding agreements, plans or arrangements that provide for payments or benefits to our executive
  officers in connection with any termination of employment or change in control of the Company. Please see the section entitled
  &quot;Employment Agreements&quot; below for a discussion of management compensation in the event of a termination of employment
  or change in control of the Company.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Employment Agreements</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Prior to the Closing
  of the Merger, Rio Bravo had employment agreements with Gordon Payne, Jackson Payne, and Coleman Payne, which are attached to
  this Current Report on Form 8-K as <U>Exhibits 10.3</U>, <U>10.4</U>, and <U>10.5</U>, respectively. Upon the Closing of the Merger,
  Novamex assumed each of these employment agreements, which are summarized below:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Gordon Payne (Chief Executive Officer/Chairman of Rio Bravo)</I>:
  The Employment Agreement commenced on July 1, 2014 and has a term of three years (the &quot;<U>Initial Period</U>&quot;), unless
  otherwise terminated in accordance with the provisions provided therein. The base salary is $180,000 per annum with a quarterly
  bonus ranging from 5% to 100% of the annual salary. The employee may also be awarded other incentive compensation at the discretion
  of the employer. The agreement provides for paid vacation, health benefits, and other benefits as provided by the employer from
  time to time. In the event the agreement is terminated by Rio Bravo at the conclusion of the Initial Period or any Additional
  Period (as defined therein), or in the event Rio Bravo fails to offer employee a renewal employment agreement and employee elects
  to terminate the agreement, then Rio Bravo is obligated to pay employee (i) for all accrued but unused vacation; and (ii) a severance
  payment equal to the sum of (x) employee's then current base salary for twelve (12) months, plus (y) the annual bonus paid to
  employee for the prior calendar year, which severance payment shall be paid to employee, less all appropriate deductions and withholdings,
  in equal, bi-monthly installments over the twelve (12) month period commencing with the date of termination (the &quot;<U>Severance
  Period</U>&quot;). During the Severance Period, Rio Bravo shall provide employee with comprehensive health, disability, and life
  insurance policies providing benefits at least equivalent to those employee received on the last day of the agreement&rsquo;s
  term.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I></I></P>
  
  <!-- Field: Page; Sequence: 19 -->
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Jackson Payne (Chief
  Financial Officer/Director of Rio Bravo)</I>: See above employment agreement summary for Gordon Payne.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>Coleman Payne (Chief Operating Officer/Director
  of Rio Bravo)</I>: See above employment agreement summary for Gordon Payne.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex may choose to replace these employment
  agreements in the future given such individuals' new roles and responsibilities with the Company.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
  AND DIRECTOR INDEPENDENCE</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Transactions with Related Persons, Promoters,
  and Certain Control Persons</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Novamex, Excellere Capital Group LLC, and
  the Rio Bravo Shareholders (Gordon Payne, Jackson Payne, and Coleman Payne), entered the &quot;Novamex Energy Inc. Voting Agreement&quot;
  on May 20, 2015, pursuant to the Merger Agreement. The Novamex Energy Inc. Voting Agreement is attached to this Current Report
  on Form 8-K as <U>Exhibit 10.2</U>. Under such Voting Agreement, Excellere Capital Group LLC and the Rio Bravo Shareholders (each,
  a &quot;<U>Shareholder</U>&quot;) each agree to vote, or cause to be voted, all shares owned by such Shareholders, or over which
  such Shareholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that
  at each annual or special meeting of shareholders at which an election of directors is held or pursuant to any written consent
  of the shareholders, the following persons shall be elected to the Board: (a) one person designated by a majority in interest
  of the Rio Bravo Shareholders, which individual shall initially be Jackson Payne; (b) one person designated by Excellere Capital
  Group LLC, which individual shall initially be Stephen Bargo beneficially; and (c) one person who is mutually acceptable to the
  Rio Bravo Shareholders and Excellere Capital Group LLC, which individual shall initially be Jose Luis Robles. The remaining members
  of the Board shall be voted upon by all the shareholders of the Company entitled to vote thereon in accordance with, and pursuant
  to, the Company&rsquo;s Third Amended and Restated Articles of Incorporation.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;&#9;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Director Independence</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">For purposes of determining whether members
  of the Company's Board of Directors are &quot;independent,&quot; the Company's Board utilizes the standards set forth in the NASDAQ
  Stock Market Marketplace Rules (&quot;<U>NSMMR</U>&quot;). At present, the Company's entire board serves as its Audit, Compensation,
  and Nominating Committees.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company's Board of Directors has not yet determined that
  any member of the Company&rsquo;s Board of Directors is an &quot;independent director,&quot; as such term is defined
  under NSMMR Rule 5605. </P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">It is anticipated that additional independent
  directors will be added to the Board of Directors in the future, although the Board has not established a timetable for such action.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>LEGAL PROCEEDINGS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">None.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
  <!-- Field: Page; Sequence: 20 -->
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      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT&rsquo;S
  COMMON EQUITY AND RELATED STOCKHOLDER MATTERS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B></B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Market Information</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Common Stock of Novamex is presently traded
  on the over-the-counter market on the OTCQB&reg; under the symbol NGLE, which is maintained by FINRA. The following table sets
  forth the range of high and low bid quotations for the Company's Common Stock for each full quarterly period during the two most
  recent fiscal years, any subsequent interim quarterly period for which financial statements are issued, and as of May 20, 2015.
  The quotations were obtained from information published by FINRA and reflect interdealer prices without retail mark-up, mark-down,
  or commission and may not necessarily represent actual transactions.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: justify; border-bottom: Black 1pt solid">Quarter Ended</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">HIGH</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">LOW</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; border-bottom: Black 1pt solid; text-align: left; vertical-align: top">May 20, 2015*</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.04</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 26%; border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.04</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">March 31, 2015</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.07</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.07</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">December 31, 2014&#9;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.03</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">September 30, 2014</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.09</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.05</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">June 30, 2014</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.09</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.03</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">March 31, 2014</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.05</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.05</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">December 31, 2013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.05</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">September 30, 2013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.02</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">June 30, 2013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.24</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.02</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: left; vertical-align: top">March 31, 2013</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.10</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center; vertical-align: middle">0.02</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">* Not a fiscal quarter end.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Holders</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">On May 20, 2015, there were approximately
  2,800 holders of record of the Company's Common Stock.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Dividend Policy</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Holders of the Company's Common Stock are
  entitled to receive such dividends as may be declared by the Company's board of directors. The Company has not declared or paid
  any dividends on the Company&rsquo;s Common Stock in the fiscal years 2013 or 2014 or in the first fiscal quarter of 2015 and
  it does not plan on declaring any dividends in the near future. The Company currently intends to use all available funds to finance
  the operation and expansion of its business. Further, our retained earnings deficit limits our ability to pay dividends.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Securities Authorized for Issuance under Equity Compensation
  Plans</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">None.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>RECENT SALES OF UNREGISTERED SECURITIES</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Reference is made to the disclosure describing
  the Merger set forth under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  The issuances of securities in the Merger were exempt from registration pursuant to Section&nbsp;4(a)(2) of the Securities Act.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We issued 15,000,000 shares of Common Stock to Excellere Capital
  Group LLC on August 9, 2013, in consideration of a $600,000 investment. The issuance of this Common stock was (i) made in reliance
  on the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof and (ii) conducted
  without general solicitation or general advertising. Excellere Capital Group LLC, was an accredited investor at the time of the
  issuance.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>DESCRIPTION OF REGISTRANT&rsquo;S SECURITIES</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><I>The following describes the material terms
  of the capital stock of Novamex. The following description does not purport to be complete and is subject to, and qualified in
  its entirety by reference to, the Company&rsquo;s Third Amended and Restated Articles of Incorporation and Amended and Restated
  Bylaws, which have been previously filed with the SEC and are incorporated herein by reference. All Novamex stockholders are urged
  to read our Third Amended and Restated Articles of Incorporation and Amended and Restated Bylaws carefully and in their entirety.</I></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>General</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Our authorized capital
  stock consists of 1,000,000,000 shares of capital stock, consisting of (a) 700,000,000 shares of Common Stock, par value $0.001
  per share (the &ldquo;<U>Common Stock</U>&rdquo;) and (b) 300,000,000 shares of preferred stock, par value $0.001 per share (the
  &ldquo;<U>Preferred Stock</U>&rdquo;).</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Common Stock</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As of May 20, 2015,
  upon completion of the Merger, there were 16,834,415 shares of Common Stock issued and outstanding. The holders of our Common
  Stock are entitled to one vote per share on matters on which our stockholders vote. There are no cumulative voting rights. Subject
  to any preferential dividend rights of any outstanding shares of preferred stock, holders of our Common Stock are entitled to
  receive dividends, if declared by our Board of Directors, out of funds that we may legally use to pay dividends. If we liquidate
  or dissolve, holders of our Common Stock are entitled to share ratably in our assets once our debts and any liquidation preference
  owed to any then-outstanding preferred stockholders are paid. Our Third Amended and Restated Articles of Incorporation do not
  provide our Common Stock with any redemption, conversion or preemptive rights. All of the issued and outstanding shares of our
  Common Stock are duly authorized, validly issued, fully paid and non-assessable.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Preferred Stock</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As of May 20, 2015, upon completion of the Merger, there were
  10,500,000 shares of &quot;Series A Preferred Stock&quot; issued and outstanding. The terms of the Series A Preferred Stock are
  attached to this Current Report on Form 8-K as <U>Exhibit 4.1</U>. The Series A Preferred Stock has one vote per share. The Series
  A Preferred Stock has a liquidation preference over the Common Stock, which means <FONT STYLE="background-color: white">that in
  the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company, the holders of shares of Series
  A Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Company available for distribution to
  its stockholders, before any payment shall be made to the holders of shares of Common Stock by reason of their ownership thereof,
  an amount in cash equal to the aggregate &quot;Liquidation Value&quot; of all shares held by such holder, plus all declared and
  unpaid dividends on all such shares.</FONT> <FONT STYLE="background-color: white">&quot;</FONT>Liquidation Value&quot; means,
  with re<FONT STYLE="background-color: white">spect to any share of the Series A Preferred Stock on any given date, $1.00 (as adjusted
  for any stock splits, stock dividends, recapitalizations, or similar transaction with respect to the Series A Preferred Stock).</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><FONT STYLE="background-color: white">&nbsp;</FONT></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">From and after the date of issuance of any share of the Series
  A Preferred Stock, the board of directors may declare and pay dividends in the amount of $.0425 per share per annum, payable on
  the last day of March, June, September,and December of each calendar year, provided that the Company&rsquo;s fully-diluted earnings
  per share, as reflected on its audited financial statements for the preceding fiscal year of the Company, exceeds $1.00 per share.
  All such dividends on any share shall be non-cumulative and shall be paid in cash only when, as and if declared by the board out
  of funds legally available therefor or upon a liquidation of the Series A Preferred Stock. In addition to the dividends payable
  on the Series A Preferred Stock, if the Company declares or pays a dividend or distribution on the Common Stock, whether such
  dividend or distribution is payable in cash, securities or other property, including the purchase or redemption by Novamex or
  any of its subsidiaries of shares of Common Stock for cash, securities or property, but excluding (i) any dividend or distribution
  payable on the Common Stock in shares of Common Stock and (ii) any repurchases of Common Stock held by employees or consultants
  of the Company upon termination of their employment or services pursuant to agreements providing for such repurchase, the Company
  shall simultaneously declare and pay a dividend on the Series A Preferred Stock on a pro rata basis with the Common Stock determined
  on an as-converted basis (see below) assuming all shares had been converted as of immediately prior to the record date of the
  applicable dividend.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">At any time and from
  time to time on or after the date of issuance, any holder of Series A Preferred Stock shall have the right by written election
  to the Company to convert all or any portion of the outstanding shares of Series A Preferred Stock (including any fraction of
  a share) held by such holder into an aggregate number of shares of Common Stock (including any fraction of a share) on the basis
  of one (1) share of Common Stock for each share of Series A Preferred Stock (as adjusted for any stock splits, stock dividends,
  recapitalizations or similar transaction with respect to the Common Stock).</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Outstanding Options,
  Warrants and Convertible Securities</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The Company does not have any outstanding
  options, warrants, or convertible securities.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>INDEMNIFICATION OF DIRECTORS AND OFFICERS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Nevada Law</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Section 78.7502 of the Nevada Revised
  Statutes (&quot;<U>NRS</U>&quot;) permits a corporation to indemnify any person who was or is a party or is threatened to be made
  a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative,
  except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee
  or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent
  of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys&rsquo; fees,
  judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or
  proceeding if he:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">is not liable pursuant to Nevada Revised Statute 78.138, or</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">acted in good faith and in a manner which he reasonably believed to be in or not opposed
  to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe
  his conduct was unlawful.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">In addition, Section 78.7502 permits
  a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or
  completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he
  is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as
  a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses,
  including amounts paid in settlement and attorneys&rsquo; fees actually and reasonably incurred by him in connection with the
  defense or settlement of the action or suit if he:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">is not liable pursuant to Nevada Revised Statute 78.138; or</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">acted in good faith and in a manner which he reasonably believed to be in or not opposed
  to the best interests of the corporation.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">To the extent that a director, officer, employee
  or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred
  to above, or in defense of any claim, issue or matter, the corporation is required to indemnify him against expenses, including
  attorneys&rsquo; fees, actually and reasonably incurred by him in connection with the defense.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Section 78.752 of the Nevada Revised Statutes
  allows a corporation to purchase and maintain insurance or make other financial arrangements on behalf of any person who is or
  was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director,
  officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted
  against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out
  of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <!-- Field: Page; Sequence: 23 -->
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Other financial arrangements made by
  the corporation pursuant to Section 78.752 may include the following:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the creation of a trust fund;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the establishment of a program of self-insurance;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the securing of its obligation of indemnification by granting a security interest
  or other lien on any assets of the corporation; and</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">the establishment of a letter of credit, guaranty or surety.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">No financial arrangement made pursuant to
  Section 78.752 may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals,
  to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses
  or indemnification ordered by a court.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Any discretionary indemnification pursuant
  to Section 78.7502, unless ordered by a court or advanced pursuant to an undertaking to repay the amount if it is determined by
  a court that the indemnified party is not entitled to be indemnified by the corporation, may be made by the corporation only as
  authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper
  in the circumstances. The determination must be made:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">by the shareholders;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">by the board of directors by majority vote of a quorum consisting of directors who
  were not parties to the action, suit or proceeding;</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">c)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">if a majority vote of a quorum consisting of directors who were not parties to the
  action, suit or proceeding so orders, by independent legal counsel in a written opinion, or</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">if a quorum consisting of directors who were not parties to the action, suit or proceeding
  cannot be obtained, by independent legal counsel in a written opinion.</TD>
  </TR></TABLE>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Charter Provisions and Other Arrangements
  of the Registrant</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Pursuant to the provisions of the NRS, the
  Registrant has adopted the following provisions in its bylaws for its directors and officers:</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.1 <U>Generally</U>. To the fullest
  extent permitted under Nevada Law or the Articles of Incorporation, the Company shall indemnify any director, officer, or agent
  of the Company, or any person who is or was serving at the request of the Company as a director, officer, or agent of another
  corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise (&ldquo;<U>Indemnitee</U>&rdquo;).</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.2 <U>Expenses</U>. To the
  extent that an Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section
  10.2, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorney's
  fees) actually and reasonably incurred by him in connection therewith. Expenses incurred in defending a civil or criminal
  action, suit or proceeding may be paid by the Company in advance of the final disposition of such action, suit or proceeding
  as authorized in the manner provided in Section 10.3 upon receipt of an undertaking by or on behalf of the Indemnitee to
  repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the Company as authorized
  in this Article.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.3 <U>Determination by Board</U>. Any indemnification
  under this Article (unless ordered by a court) shall be made by the Company only as authorized in the specific case upon a determination
  that indemnification of the Indemnitee is proper in the circumstances because he has met the applicable standard of conduct set
  forth in the corporation laws of the State of Nevada.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt"></P>
  
  <!-- Field: Page; Sequence: 24 -->
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  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.4 <U>Not Exclusive of Other Rights</U>.
  The indemnification provided by this Article shall not be deemed exclusive of any other rights to which Indemnitees may be entitled
  under any bylaw, agreement, vote of Stockholders or interested directors or otherwise, both as to action in his official capacity
  and as to action in another capacity while holding such office and shall continue as to a person who has ceased to be an Indemnitee
  and shall inure to the benefit of the heirs, executors and administrators of such a person.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.5 <U>Insurance</U>. The Company
  shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent
  of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust, employee benefit plan, or other enterprise against any liability asserted against him and incurred
  by him in any such capacity or arising out of his status as such, whether or not the Company would have the power to indemnify
  him against such liability under the provisions of this Article.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">The Company&rsquo;s indemnity of any
  Indemnitee shall be reduced by any amounts such person may collect as indemnification: (i) under any policy of insurance purchased
  and maintained on his behalf by the Company or (ii) from such other corporation, partnership, joint venture, trust, employee benefit
  plan or other enterprise.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.6 <U>Violation of Law</U>. Nothing
  contained in this Article, or elsewhere in these Bylaws, shall operate to indemnify any Indemnitee if such indemnification is
  for any reason contrary to law, either as a matter of public policy, or under the provisions of the Federal Securities Act of
  1933, the Exchange Act, or any other applicable state or federal law.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0; margin-left: 20pt">10.7 <U>Coverage</U>. For the purposes
  of this Article, references to &quot;the Company&quot; include all constituent corporations absorbed in a consolidation or merger
  as well as the resulting or surviving corporation so that any person who is or was an indemnitee of such a constituent corporation
  or is or was serving at the request of such a constituent corporation as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust, employee benefit plan or other enterprise shall stand in the same position under the provisions
  of this Article with respect to the resulting or surviving corporation as he would if he had served the resulting or surviving
  corporation in the same capacity.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>Insurance</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">We do not at this time have directors and
  officers (&quot;<U>D&amp;O</U>&quot;) liability insurance. We may purchase D&amp;O liability insurance for our directors and officers
  in the future.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>FINANCIAL STATEMENTS AND SUPPLEMENTARY
  DATA</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Financial statements and supplementary data
  will be provided in an Amendment to this Current Report on Form 8-K on or before June 26, 2015.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
  ON ACCOUNTING AND FINANCIAL DISCLOSURE</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">None.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SECTION 3 - SECURITIES AND TRADING MARKETS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">As more fully described in Item 2.01 above, in connection
  with the merger, on the closing date, we issued a total of 10,500,000 duly authorized, validly issued, and nonassessable
  shares of the Series A Preferred Stock of Novamex, in exchange for 100% of the issued and outstanding capital stock of Rio
  Bravo. The terms of the Series A Preferred Stock are attached to this Current Report on Form 8-K as <U>Exhibit 4.1</U>.
  Reference is made to the disclosures set forth under Item 2.01 of this Form 8-K, which disclosures are incorporated herein by
  reference.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"></P>
  
  <!-- Field: Page; Sequence: 25 -->
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      <!-- Field: /Page -->
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">The securities issued in this transaction
  were not registered under the Securities Act, or the securities laws of any state, and were offered and sold pursuant to the exemption
  from registration under the Securities Act provided by Section 4(a)(2) of the Securities Act.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: center; margin-bottom: 0"><B>SECTION 5 &ndash; CORPORATE GOVERNANCE AND
  MANAGEMENT</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>ITEM 5.01 CHANGES IN CONTROL OF THE REGISTRANT</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Reference is made to the disclosure set forth
  under Item 2.01 and Item 5.02 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
  OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY</B> <B>ARRANGEMENTS OF CERTAIN OFFICERS</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>&nbsp;</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Reference is made to the disclosure set forth
  under Item&nbsp;2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>(b)&#9;Resignation of Officers</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Effective upon the Closing of the Merger on
  May 20, 2015, Stephen Bargo resigned as the President, Chief Executive Officer, and Chief Accounting Officer. His resignation
  from these positions was not the result of any disagreement with the Company on any matters relating to our operations, policies,
  and practices but was the result of the Merger described in Item 2.01 of this Current Report on Form 8-K.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Stephen Bargo is the Chairman of the Company&rsquo;s
  Board of Directors and, notwithstanding his resignation as the President, Chief Executive Officer, and Chief Accounting Officer,
  he shall remain as the Chairman of the Board of Directors.</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0"><B>(c)&#9;Appointment of Officers</B></P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">&nbsp;</P>
  
  <P STYLE="margin-top: 0; text-align: justify; margin-bottom: 0">Effective upon the Closing of the Merger on
  May 20, 2015, the following persons were appointed as executive officers of the Company, with the respective titles as set forth
  opposite his or her name below:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Age</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Principal Position with the Company</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 13%; text-align: left; vertical-align: bottom">Jackson Payne</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 3%; text-align: center; vertical-align: bottom">37</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 80%; text-align: left; padding-left: 5.4pt">Director, President, Chief Executive Officer, Chief Financial Officer (interim), and Treasurer (interim)</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>(d) &#9;Appointment of Directors</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective upon the Closing of the Merger on
  May 20, 2015, the following persons were appointed to the Company&rsquo;s Board of Directors:</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Age</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid">Principal Position with the Company</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 14%; text-align: left">Jackson Payne</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%; text-align: right">37</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 80%; text-align: left; padding-left: 5.4pt">Director, President, Chief Executive Officer, Chief Financial Officer (interim), and Treasurer (interim)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"> Jose Luis Robles</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">53</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="padding-left: 5.4pt">Director</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>(e)&#9;Material Contracts</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective upon the Closing of the Merger on
  May 20, 2015, Novamex assumed the Employment Agreements of Jackson Payne, Gordon Payne, and Coleman Payne, which were in effect
  with Rio Bravo. For further discussion of such employment agreements, please see the discussion contained in Item 2.01 of this
  Current Report on Form 8-K, which discussion is incorporated herein by reference.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B></B></P>
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>ITEM 5.06 CHANGE IN SHELL COMPANY STATUS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Upon the Closing of the Merger on May 20,
  2015, we ceased to be a &quot;shell company&quot; as defined in Rule 12b-2 of the Exchange Act. Reference is made to the disclosure
  set forth under Item&nbsp;2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>ITEM 5.08 SHAREHOLDER DIRECTOR NOMINATIONS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reference is made to the disclosure set forth
  under Item 8.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SECTION 8 &ndash; OTHER EVENTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>ITEM 8.01 OTHER EVENTS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Board of Directors of Novamex has established
  July 30, 2015 as the date of the Company's 2015 Annual Meeting of Stockholders (the &quot;<U>2015 Annual Meeting</U>&quot;). Because
  Novamex did not have an annual meeting during the fiscal year 2014 (the &quot;<U>2014 Annual Meeting</U>&quot;), in accordance
  with Rule 14a&#8722;5(f) under the Exchange Act, the Company is informing our stockholders of the 2015 Annual Meeting date.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stockholders of record at the close of business
  on July 3, 2015 will be entitled to vote at the 2015 Annual Meeting. The time and location of the 2015 Annual Meeting will be
  as set forth in the Company&rsquo;s proxy statement for the 2015 Annual Meeting. Because Novamex did not have a 2014 Annual Meeting,
  a new deadline has been set for submission of proposals by stockholders intended to be included in the Company&rsquo;s 2015 proxy
  statement and form of proxy.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Stockholders of the Company who wish to have
  a proposal considered for inclusion in the Company's proxy materials for the 2015 Annual Meeting pursuant to Rule 14a-8 under
  the Exchange Act, must ensure that such proposal is received by the Company&rsquo;s Secretary, Coleman Payne, at 1610 Woodstead
  Court, Suite 330, The Woodlands, Texas 77380, on or before the close of business on July 3, 2015, which the Company has determined
  to be a reasonable time before it expects to begin to print and send its proxy materials. Any such proposal must also meet the
  requirements set forth in the rules and regulations of the Securities and Exchange Commission in order to be eligible for inclusion
  in the proxy materials for the 2015 Annual Meeting. The July 3, 2015 deadline will also apply in determining whether notice of
  a shareholder proposal is timely for purposes of exercising discretionary voting authority with respect to proxies under Rule
  14a-4(c) of the Exchange Act.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In addition, in accordance with the requirements
  contained in the Company&rsquo;s bylaws, Stockholders who wish to bring business before the 2015 Annual Meeting outside of Rule
  14a-8 of the Exchange Act or to nominate a person for election as a director must ensure that written notice of such proposal
  (including all of the information specified in the Company&rsquo;s bylaws) is received by the Company&rsquo;s Secretary, Coleman
  Payne, at the address specified above no later than the close of business on June 8, 2015. Any such proposal must meet the requirements
  set forth in the Company&rsquo;s bylaws in order to be brought before the 2015 Annual Meeting.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;<B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(a)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Financial Statements of the Business Acquired</U>. The financial statements of
  Rio Bravo Oilfield Services, Inc. will be provided in an Amendment to this Current Report on Form 8-K on or before June 26, 2015.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(b)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Pro Forma Financial Information</U>. The pro forma combined financial statements
  of the Company and Rio Bravo Oilfield Services, Inc. will be provided in an Amendment to this Current Report on Form 8-K on or
  before June 26, 2015.</TD>
  </TR></TABLE>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top; text-align: justify">
  <TD STYLE="width: 15pt; text-align: right">(d)</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><U>Exhibits</U>. Reference is made to the Exhibit Index following the signature page
  of this Current Report on Form 8-K, which is incorporated herein by reference.</TD>
  </TR></TABLE>
  
  
  
  
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  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>&nbsp;SIGNATURES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements
  of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
  hereunto duly authorized.</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top; text-align: left">
      <TD STYLE="width: 33%">&nbsp;</TD>
      <TD STYLE="width: 22%">&nbsp;</TD>
      <TD STYLE="width: 45%; font-weight: bold">Novamex Energy Inc. </TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>Date: June 2, 2015</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: right; vertical-align: middle; padding-bottom: 1pt">By:</TD>
      <TD STYLE="border-bottom: Black 1pt solid">/s/ Jackson Payne</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>Jackson Payne </TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>President, Chief Executive Officer,</TD></TR>
  <TR STYLE="vertical-align: top; text-align: left">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>Chief Financial Officer (interim), and Treasurer (interim)</TD></TR>
  </TABLE>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;&nbsp;</P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<B>EXHIBIT INDEX</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: Black 1pt solid">Exhibit Number</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Description</B></P></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: center; vertical-align: top">2.1</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 86%; text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex2_1.htm">Agreement and Plan of Merger, dated May 20, 2015, by and among Novamex, Novamex Acquisition, Inc., Rio Bravo Oilfield Services, Inc., and Gordon Payne, Jackson Payne, and Coleman Payne.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left"></TD><TD STYLE="text-align: center; vertical-align: top">4.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex4_1.htm">Certificate of Designation, Series A Preferred Stock of Novamex Energy Inc., dated May 20, 2015.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">10.1</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex10_1.htm">Escrow Agreement, dated May 20, 2015, by and among Gordon Payne, Jackson Payne and Coleman Payne, the stockholders of Rio Bravo Oilfield Services, Inc., Novamex Energy Inc., and BOKF, NA, a national banking association.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">10.2</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex10_2.htm">Novamex Energy Inc. Voting Agreement, dated May 20, 2015, by and among Novamex Energy, Inc., Excellere Capital Group LLC, and Gordon Payne, Jackson Payne, and Coleman Payne.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">10.3</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex10_3.htm">Gordon Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Gordon Payne.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">10.4</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex10_4.htm">Jackson Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Jackson Payne.</A></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center; vertical-align: top">10.5</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: justify; padding-left: 5.4pt"><A HREF="ngle8k052715ex10_5.htm">Coleman Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Coleman Payne.</A></TD></TR>
  </TABLE>
  
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text: UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  WASHINGTON, D.C. 20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 or 15(d) of the Securities
  Exchange Act of 1934
  Date of report (Date of earliest event reported):
  May
  20, 2015
  Novamex Energy Inc.
  (Exact name of registrant as specified in its
  charter)
  Nevada
  000-54035
  20-4952339
  (State or other jurisdiction of incorporation)
  (Commission File Number)
  (I.R.S. Employer Identification No.)
  1610 Woodstead Court, Suite
      330
  The Woodlands, Texas
  77380
  (Address of principal executive offices)
  (Zip code)
  (844) 266-8263
  (Registrant's telephone number, including
  area code)
  Check the appropriate box below if the Form 8-K filing is intended
  to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
  A.2. below):
  [ ] Written communications pursuant to Rule 425 under the
  Securities Act (17 CFR 230.425)
  [ ] Soliciting material pursuant to Rule 14a-12 under the
  Exchange Act (17 CFR 240.14a-12)
  [ ] Pre-commencement communications pursuant to Rule
  14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [ ]Pre-commencement communications pursuant to Rule 13e-4(c)
  under the Exchange Act (17 CFR 240.13e-4(c))
  CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
  INFORMATION
  Certain statements contained in this Current
  Report on Form 8-K are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933,
  as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's current
  expectations and are subject to risks and uncertainties that could cause our actual results to differ materially from those contemplated
  in the statements. Readers are cautioned not to place undue reliance on these forward-looking statements.
  Forward-looking statements include, among
  other things, a
  ny projections of earnings, revenue, or other financial items; any statements
  of the plans, strategies, and objectives of management for future operations; any statements concerning resource development opportunities;
  any potential joint ventures or strategic partnerships; any statements regarding future economic conditions or performance; any
  statements regarding future capital-raising activities; any statements of belief; and any statements of assumptions underlying
  any of the foregoing.
  In some cases, forward-looking statements may be identified by reference to a future period or periods
  or by the use of forward-looking terminology such as "anticipates," "believes," "could," "estimates,"
  "expects," "forecasts," "goals," "guidance," "intends," "may," "objectives,"
  "plans," "possible," "potential," "projects," "seeks," "should," "targets,"
  "will," or similar terms or variations of these terms.
  Actual results may differ materially
  from those set forth in forward-looking statements. In addition to the assumptions and other factors referred to specifically
  in connection with these statements, factors that could cause our actual results to differ materially from those contemplated
  in any forward-looking statements or otherwise affect our future results of operations and financial condition include, among
  others, the following:
  •
  prices for oil and natural gas, including changes in prices resulting from the inability
  of the Organization of Petroleum Export Countries ("
  OPEC
  ") to support prices, changes in the levels of oil and
  natural gas production in the United States, and political conditions in oil-producing countries;
  •
  weakness in oil and natural gas prices (or perceived future weakness by our customers)
  could result in a reduction in the utilization of our equipment and reduced demand and lower rates for our services;
  •
  factors affecting our ability to access the capital markets, including general capital
  market conditions; our capitalization structure; and market perceptions of the oil and gas industry or us;
  •
  inflation rates;
  •
  the inability of management to effectively implement our strategies and business plans;
  •
  fluctuations in the price of oil and natural gas, including reductions in prices that
  would adversely affect our revenue, cash flow, and access to capital;
  •
  other market forces negatively affecting our revenues, ability to borrow or raise
  capital, or enter into joint venture arrangements;
  •
  our ability to successfully identify and consummate acquisition transactions;
  •
  deterioration in general or regional economic conditions;
  •
  the strength and financial resources of our competitors;
  •
  the occurrence of natural disasters, unforeseen weather conditions, or other events
  or circumstances that could impact our operations or could impact the operations of companies or contractors we depend upon in
  our operations;
  •
  technique risks inherent in drilling in existing or emerging unconventional shale
  plays using horizontal drilling and completion techniques;
  •
  delays, denials, or other problems relating to our receipt of operational consents
  and approvals from governmental entities and other parties;
  1
  •
  advances in technology that result in competitive disadvantages and create the potential
  for impairment of existing assets;
  •
  the direct or indirect effect on our business resulting from terrorist incidents and
  the threat of terrorist incidents, including cyber intrusion;
  •
  operating hazards, environmental liabilities, and uninsured risks;
  •
  loss of senior management or key technical personnel;
  •
  inability to attract and hire key management and technical personnel;
  •
  adverse state or federal legislation or regulation that increases the costs of compliance,
  including those related to hydraulic fracturing;
  •
  the effect of accounting pronouncements issued periodically by standard setting bodies;
  •
  changes in the legal, regulatory, and legislative environments in the markets in which
  we operate; and
  •
  other factors discussed elsewhere in this Annual Report and that may be disclosed
  from time to time in our United States
  Securities and Exchange Commission filings or in other publicly disseminated written documents.
  Many
  of these factors are beyond our ability to control or predict.
  These factors are not intended to represent a complete list
  of the general or specific factors that may affect us. All forward-looking statements speak only as of the date of this Annual
  Report and we expressly disclaim any obligation to publicly update or revise any forward-looking statements, whether as a result
  of new information, future events, or otherwise
  Unless the context otherwise requires,
  references in this Current Report on Form 8-K to "we," "us," "Novamex," "the Registrant,"
  or "the Company" refer to Novamex Energy Inc., a Nevada corporation.
  SECTION 1 – REGISTRANT'S BUSINESS AND OPERATIONS
  ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.
  Reference is made to the disclosure set forth under Item 2.01 of
  this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  SECTION 2 – FINANCIAL INFORMATION
  ITEM 2.01 COMPLETION OF ACQUISITION OR DISPOSITION OF ASSETS.
  On May 20, 2015 (the "
  Closing Date
  "),
  Novamex Energy Inc., a Nevada corporation, entered into and consummated a merger transaction pursuant to an Agreement and Plan
  of Merger (the "
  Merger Agreement
  ") by and among the Novamex, Novamex Acquisition, Inc., a Nevada corporation
  and wholly-owned subsidiary of the Company ("
  Merger Sub
  "), Rio Bravo Oilfield Services, Inc., a Texas corporation
  ("
  Rio Bravo
  "), and Gordon Payne, Jackson Payne, and Coleman Payne, the shareholders of Rio Bravo (the "
  Rio
  Bravo Shareholders
  "). In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and
  into Rio Bravo (the "
  Merger
  "), with Rio Bravo surviving the Merger as our wholly-owned subsidiary.
  Rio Bravo is a premier manufacturer of drill site tanks and utility
  buildings that specializes in custom-built carbon steel products such as water tanks, mud tanks, mud systems, fuel tanks, dog
  houses, change houses, SCR houses, generator houses, and tanks on wheels for the oil and gas industry. Our acquisition of Rio
  Bravo is part of the Company's business strategy to secure a sustainable competitive position as a diversified oilfield services
  company by delivering products and services that facilitate our customers' extraction and recovery objectives while upholding
  our strong ethical and business standards, and maintaining the highest standards of health, safety, and environmental performance.
  Our objective is to continue to search for opportunities to acquire oilfield services companies through purchase or merger.
  2
  The Merger Agreement includes customary representations,
  warranties, and covenants made by the Company, Merger Sub, Rio Bravo, and the Rio Bravo shareholders as of specific dates. Those
  representations and warranties were made solely for purposes of the Merger Agreement and are not intended to provide factual,
  business, or financial information about the Company, Merger Sub, Rio Bravo, and the Rio Bravo Shareholders. Moreover, some of
  those representations and warranties (a) may not be accurate or complete as of any specified date, (b) may be subject to a contractual
  standard of materiality different from those generally applicable to shareholders or different from what a shareholder might view
  as material, (c) may have been used for purposes of allocating risk among the Company, Merger Sub, Rio Bravo, and the Rio Bravo
  Shareholders, rather than establishing matters as facts, and/or (d) may have been qualified by certain disclosures not reflected
  in the Merger Agreement that were made to the other party in connection with the negotiation of the Merger Agreement and generally
  were solely for the benefit of the parties to the Merger Agreement. The Merger Agreement should not be read alone, but should
  instead be read in conjunction with the other information regarding us and our business that has been, is, or will be contained
  in, or incorporated by reference into, the Forms 10-K, Forms 10-Q, Forms 8-K, and other documents that we file with the Securities
  and Exchange Commission ("
  SEC
  ").
  Prior to the Merger, we were a public reporting
  "shell company," as defined in Rule 12b-2 of the Securities Exchange Act of 1934, as amended, and the rules and regulations
  promulgated thereunder ("
  Exchange Act
  "). Accordingly, pursuant to the requirements of Item 2.01(f) of Form 8-K,
  set forth below is the information that would be required if the Registrant were filing a general form for registration of securities
  on Form 10 under the Exchange Act for the Registrant's common stock, which is the only class of its securities subject to the
  reporting requirements of Section 13 or Section 15(d) of the Exchange Act upon consummation of the Merger; provided, however,
  the financial statements and related information that are required pursuant to Form 10 will be provided in an Amendment to this
  Current Report on Form 8-K on or before June 26, 2015.
  The following description of the terms and
  conditions of the Merger Agreement and the transactions contemplated thereunder that are material to the Registrant does not purport
  to be complete. A copy of the Merger Agreement is filed as
  Exhibit 2.1
  hereto and incorporated by reference into this Item
  2.01.
  As a result of the Merger, our primary operations
  consist of what was previously the business and operations of Rio Bravo. Therefore, we include information about the business,
  financial condition, and management of Rio Bravo prior to the Closing Date in this Current Report on Form 8-K, as such information
  is relevant to our current and future business and operations.
  The audited financial statements of Rio Bravo
  as of December 31, 2014 and 2013, the unaudited financial statements of Rio Bravo for the interim period ended March 31, 2015,
  and the unaudited combined pro forma financial statements will be provided in an Amendment to this Current Report on Form 8-K
  on or before June 26, 2015. This information could not be provided at this time without unreasonable effort and expense on behalf
  of the Registrant because of a delay in the completion of the audit of Rio Bravo's historical financial statements.
  As set forth in the Merger Agreement, upon
  the closing of the Merger, all of the issued and outstanding capital stock of Rio Bravo was cancelled and the holders thereof
  became entitled to receive an aggregate of 10,500,000 shares of Series A Preferred Stock of the Company. In addition, certificates
  representing 2,000,000 shares of such 10,500,000 shares of the Series A Preferred Stock were delivered to the escrow agent pursuant
  to an escrow agreement to cover certain indemnifications obligations of the Rio Bravo Shareholders. The escrow agreement is set
  forth as
  Exhibit 10.1
  to this Current Report on Form 8-K. The terms of the Series A Preferred Stock and the number of shares
  of the Series A Preferred Stock to be delivered in the Merger, including the portion thereof placed in escrow, were negotiated
  and agreed to by the Company and Rio Bravo prior to entering into the Merger Agreement. Immediately prior to the Merger, the Company
  had no shares of Series A Preferred Stock issued and outstanding.
  Change in Management
  Pursuant to the Merger Agreement, Novamex, the shareholders of
  the Company's Series A Preferred Stock, and the majority shareholder of the Company's Common Stock, Excellere Capital
  Group LLC, entered into a Voting Agreement, which is attached hereto as
  Exhibit 10.2
  . Pursuant to the Voting Agreement,
  Jackson Payne and Jose Luis Robles have been elected to the Board of Directors of Novamex, with Stephen Bargo remaining as the
  Chairman of the Board.
  3
  The following persons are the Registrant's executive officers
  and directors subsequent to the Closing of the Merger:
  Name
  Age
  Position
  Stephen Bargo
  61
  Chairman
  Jackson Payne
  37
  President, Chief Executive Officer, Chief Financial Officer (interim), Treasurer (interim), and Director
  Jose Luis Robles
  53
  Director
  In addition, Coleman Payne was appointed
  Secretary of the Company, with Kenneth Witt appointed as Assistant Secretary.
  Jose Louis Robles is now a member of
  the board of directors of the Company and also is an employee of Excellere Capital Group LLC, which was the majority shareholder
  of Novamex prior to the Merger, and continues to be the majority shareholder of Novamex post-Merger. Stephen Bargo is the Chairman
  and owner of Excellere Capital Group LLC. Prior to the Merger, Gordon Payne and his son, Jackson Payne, were members of the board
  of directors of Rio Bravo, and Gordon Payne, Jackson Payne, and Coleman Payne (the son of Gordon Payne and brother of Jackson
  Payne) owned all of the capital stock of Rio Bravo.
  The Merger was determined to be the
  appropriate transaction for the Company at this time due to management's belief that market conditions in the oilfield services
  sector were favorable. The Company did not engage any third party promoters to facilitate or participate in the Merger transaction.
  FORM 10 DISCLOSURE
  Note
  : As identified below, the financial
  statements and related information that are required pursuant to Form 10 will be provided in an Amendment to this Current Report
  on Form 8-K on or before June 26, 2015.
  DESCRIPTION OF THE BUSINESS
  Novamex Energy Inc. is a publicly-held Nevada
  corporation that is listed on the OTCQB® under the ticker symbol "NGLE". The Company was incorporated under the
  laws of the State of Nevada on May 19, 2006. On June 12, 2014, the Company filed an amendment to its Articles of Incorporation
  to change its name from Nogal Energy, Inc. to Novamex Energy Inc. The name change became effective on December 22, 2014, when
  the Financial Industry Regulatory Authority ("
  FINRA
  ") completed processing the name change. On December 23, 2014,
  our Common Stock began trading under the new name – Novamex Energy Inc.
  We issued 15,000,000 shares of Common Stock
  to Excellere Capital Group LLC in August of 2013 in consideration of a $600,000 investment. Since that time, Excellere Capital
  Group LLC has been a controlling stockholder with ownership of 89.1% of the Company's outstanding Common Stock.
  On May 20, 2015, Novamex entered into and
  consummated a Merger pursuant to the Merger Agreement by and among Novamex, Merger Sub, Rio Bravo, and the Rio Bravo Shareholders.
  In accordance with the terms of Merger Agreement, on the Closing Date, Merger Sub merged with and into Rio Bravo, with Rio Bravo
  surviving the Merger as our wholly-owned subsidiary.
  Rio Bravo is a Texas corporation that was
  incorporated on August 4, 2005, as Vehicle Tracking Systems, Inc. The company was originally formed to sell GPS tracking systems
  to trucking companies. The name of the company was changed to Rio Bravo Oilfield Services, Inc. on March 10, 2010, at which time
  Rio Bravo became a leading manufacturer of drill site tanks and utility buildings, specializing in custom-built carbon steel products
  such as water tanks, mud tanks, mud systems, fuel tanks, dog houses, change houses, SCR houses, generator houses, and tanks on
  wheels.
  Rio Bravo is the parent of a wholly-owned subsidiary named Rio
  Bravo Tank De Mexico, S.A. de C.V. ("
  Rio Bravo Tank
  "), which is located in Saltillo, Coahuila, Mexico. Rio Bravo
  Tank is the manufacturer of Rio Bravo's products. Rio Bravo and Rio Bravo Tank are referred to collectively as "
  Rio
  Bravo
  ".
  4
  Business Strategy
  The Company's business strategy is to secure
  a sustainable competitive position as a diversified oilfield services company by delivering products and services that facilitate
  our customers' extraction and recovery objectives while upholding our strong ethical and business standards, and maintaining the
  highest standards of health, safety, and environmental performance. Our objective is to successfully manage and operate our manufacturing
  operation while we continue to search for opportunities to acquire additional oilfield services companies through purchase or
  merger. Although our manufacturing operation was profitable in the fiscal year 2014, our ability to consummate acquisition transactions
  will likely be contingent on our ability to obtain financing given that we have limited capital resources.
  Industry and Competition
  The oil and gas industry is affected by many
  factors that are generally beyond our ability to control, including government regulations, particularly in the areas of taxation,
  energy, climate change, and the environment; the level of oil production by non-OPEC countries; and the available excess production
  capacity within OPEC. In addition, during fiscal 2015, we expect to face customer challenges as a result of depressed oil and
  gas prices.
  The markets in which we intend to operate
  are highly competitive. Competition is influenced by such factors as price, capacity, availability of work crews, and the reputation,
  experience, and technical proficiency of the service and products provider. We believe that an important competitive factor in
  establishing and maintaining long-term customer relationships is having an experienced, skilled, and well-trained work force.
  In addition, price is often the primary factor in determining which service and products provider is awarded the work. With an
  international presence, we save our customers money because of reduced labor costs.
  In numerous instances, however, we secure
  and maintain work for customers for which efficiency, reliability, safety, technology, size of fleet, and availability of other
  services are of equal importance to price. For example, we employ certified welders and build to AWS, UL, and API standards.
  Our ability to grow will depend on our ability
  to raise additional capital, attract and retain quality personnel, and identify suitable companies for acquisition.
  Our competitors include the major diversified
  oilfield service and product companies such as Schlumberger, Halliburton, and Baker Hughes, along with numerous smaller oilfield
  services and products providers. Our revenue and earnings will be affected by changes in commodity prices, fluctuations in the
  level of drilling, workover and completion activity, government regulations, and general economic conditions.
  Plans for 2015
  During the fiscal year 2015, Novamex intends
  to focus on expanding the sale of products for its manufacturing operation and will continue its efforts to purchase or merge
  with oilfield services companies. The Company plans to continue to raise funds to support these efforts through the sale of equity
  and debt securities as well as with other forms of financing.
  Products
  We build quality carbon steel water tanks,
  mud systems, and buildings. Our engineers offer customers a standard design or assist them in designing the exact tank to fit
  their needs. We specialize in custom-built carbon steel products, including:
  •
  Mud Systems – complete systems, on skid or mobile;
  •
  Mud Tanks – slant or contoured bottoms;
  •
  Water Tanks – blank or complete with pumps and motors;
  •
  Waste Water and Water Treatment Tanks – all types available;
  5
  •
  Doghouses / Control Houses – with or without lighting;
  •
  Generator Houses – with or without gen-sets;
  •
  Pump Houses – up to 14 feet wide;
  •
  Change Houses - curved or flat roof;
  •
  Tool Rooms – all types available;
  •
  SCR Houses – with or without components, insulation or AC;
  •
  Fuel Tanks – with or without piping, pumps or containment; and
  •
  Trip Tanks – solitary skid or combined with Choke Manifold or Gas Buster.
  We also offer other products, including pipe
  racks, pipe tubs, sludge tanks, cat walks, large vessel tanks, custom roll-off containers and frac tanks, and any other type of
  carbon steel building.
  Materials and Suppliers
  We purchase various raw materials and component
  parts for use in manufacturing our products and delivering our services to customers. Raw materials essential to our manufacturing
  business are normally readily available. Market conditions can trigger price volatility and constraints in the supply of certain
  raw materials, however, such as high-quality A36 steel. We do not expect significant interruptions in the supply of raw materials,
  but there can be no assurance that there will be no price or supply issues over the long-term. While we use many suppliers to
  satisfy our raw material needs, our primary supplier of steel products in Mexico is Fortacero. Other key suppliers include Potencia
  Fluida, Villacero, and Aceromex. Other higher grades of steel have to be purchased in the United States, along with the specific
  oilfield equipment we provide to our customers. Principal suppliers of these products are SSS Steel, MI-Swaco, PSI, and Double
  Life Corporation.
  Revenue and Customers
  As with many similar companies in the oil
  and gas manufacturing business, the long-lead times to manufacture large, custom products makes us dependent on a few select customers
  in any given year. Currently, our three biggest customers are Nabors Drilling USA, Patterson-UTI Drilling, and Loadmaster Universal
  Rigs. We currently have over $15M in revenue on the backlog that we expect to deliver this year.
  In December 2014, we obtained approved vendor
  status with Pemex Procurement International (PPI), which we expect to be instrumental in growing the Company's revenue in
  fiscal 2015 and beyond.
  Intellectual Property
  We believe that our success depends in part
  on our ability to protect our proprietary rights. We rely on a combination of trade secret laws and confidentiality agreements
  and processes to protect our proprietary rights.
  Generally, we require our customers and potential
  distribution participants to enter into confidentiality and non-disclosure agreements before we disclose any confidential aspect
  of our technology, services, or business. In addition, we plan to require certain of our key employees to assign to us any proprietary
  information, inventions, or other technology created during the term of their employment with us. These precautions, however,
  may not be sufficient to protect us from misappropriation or infringement of our intellectual property.
  Distribution and Marketing
  We distribute our own products with an in-house logistics team
  and third party trucking companies. We market our products and services in the United States and Mexico through our own business
  development and sales personnel.
  6
  Regulation
  Regulation of Gas and Oil Production
  Oilfield services operations are subject
  to various federal, state, and local laws and regulations pertaining to health, safety, and the environment. We cannot
  predict the level of enforcement of existing laws or regulations or how such laws and regulations may be interpreted by
  enforcement agencies or court rulings in the future. In addition, we cannot predict whether additional laws and regulations
  affecting the oilfield services business will be adopted, or the effect such changes might have on our financial condition,
  the oilfield services business, or us.
  Environmental Regulation
  Oilfield services operations routinely involve
  the storage, handling, transportation, and disposal of bulk waste materials, some of which contain oil, contaminants, and other
  regulated substances. Various environmental laws and regulations require prevention, and where necessary, cleanup of spills and
  leaks of such materials, and some operations must obtain permits that limit the discharge of materials. Failure to comply with
  such environmental requirements or permits may result in fines and penalties, remediation orders, and revocation of permits.
  Hazardous Substances and Waste
  The Comprehensive Environmental Response,
  Compensation, and Liability Act, as amended, referred to as "CERCLA" or the "Superfund" law, and comparable
  state laws, impose liability without regard to fault or the legality of the original conduct of certain defined persons, including
  current and prior owners or operators of a site where a release of hazardous substances occurred and entities that disposed of
  or arranged for the disposal of the hazardous substances found at the site. Under CERCLA, these "responsible persons"
  may be jointly and severally liable for the costs of cleaning-up the hazardous substances, for damages to natural resources, and
  for the costs of certain health studies.
  In the course of our intended operations,
  we expect to occasionally generate materials that are considered "hazardous substances" and, as a result, may incur
  CERCLA liability for clean-up costs. Furthermore, claims may be filed for personal injury and property damage allegedly caused
  by the release of hazardous substances or other pollutants. Also, we expect to generate solid wastes that are subject to the requirements
  of the Resource Conservation and Recovery Act, as amended ("
  RCRA
  "), and comparable state statutes.
  Although we plan to use operating and disposal
  practices that are standard in the industry, hydrocarbons or other wastes may have been released at properties owned or leased
  by us now or in the past, or at other locations where these hydrocarbons and wastes were taken for treatment or disposal. Under
  CERCLA, RCRA, and analogous state laws, we could be required to clean-up contaminated property (including contaminated groundwater),
  or to perform remedial activities to prevent future contamination.
  Air Emissions
  The Clean Air Act, as amended ("
  CAA
  "),
  and similar state laws and regulations restrict the emission of air pollutants and also impose various monitoring and reporting
  requirements. These laws and regulations may require us to obtain approvals or permits for construction, modification, or operation
  of certain projects or facilities and may require use of emission controls.
  Global Warming and Climate Change
  Some scientific studies suggest that emissions of greenhouse gases
  (including carbon dioxide and methane) may contribute to warming of the Earth's atmosphere. While we do not believe our future
  operations will raise climate change issues different from those generally raised by commercial use of fossil fuels, legislation
  or regulatory programs that restrict greenhouse gas emissions in areas where we conduct business could increase our costs in order
  to comply with any such laws. For example, methane emissions regulations already exist in the state of Colorado.
  7
  Water Discharges
  We plan to operate facilities that will be subject to the
  requirements of the Clean Water Act, as amended ("
  CWA
  "), and analogous state laws that impose restrictions
  and controls on the discharge of pollutants into navigable waters. Spill prevention, control, and counter-measure
  requirements under the CWA require implementation of measures to help prevent the contamination of navigable waters in the
  event of a hydrocarbon spill. Other requirements for the prevention of spills are established under the Oil Pollution Act of
  1990, as amended ("
  OPA
  "), which applies to owners and operators of vessels, including barges, offshore
  platforms, and certain onshore facilities. Under OPA, regulated parties are strictly and jointly and severally liable for oil
  spills and must establish and maintain evidence of financial responsibility sufficient to cover liabilities related to an oil
  spill for which such parties could be statutorily responsible.
  Additionally, the Safe Drinking Water Act
  of 1974, as amended ("
  SDWA
  "), establishes a regulatory framework for the underground injection of a variety of
  wastes, including those being produced and separated from crude oil and natural gas production. The primary goal of the SDWA is
  the protection of usable aquifers. The chief objective of injection well operating permits and requirements is to ensure the mechanical
  integrity of the wellbore and to prevent migration of fluids from the injection zone into underground sources of drinking water.
  Class II underground injection wells, a predominant storage method for crude oil and natural gas wastewater, are strictly controlled,
  and certain wastes, absent an exemption, cannot be injected into such wells. Hence, failure to abide by any such permits that
  we obtain could subject us to civil or criminal enforcement.
  Employees
  Novamex and its wholly–owned subsidiaries
  currently have 132 employees, all of which are full-time. We expect this number to materially increase if we are able to identify
  and acquire additional oilfield service companies.
  Seasonality
  Oilfield services operations can be
  affected by seasonal weather, which can temporarily affect the delivery and performance of products and services, as well as the
  budgetary cycles of customers. For example, seasonal events that could impact our intended business operations include:
  •
  The severity and duration of both the summer and the winter in the United States can
  have a significant impact on activity levels;
  •
  Hurricanes can disrupt coastal and offshore drilling and production operations; and
  •
  Customer spending patterns for software and various other oilfield services and products
  can result in higher activity in the fourth quarter of the calendar year.
  Available Information
  We file annual reports on Form 10-K, quarterly reports on Form
  10-Q, current reports on Form 8-K, proxy statements, and other documents with the SEC pursuant to the Exchange Act. The public
  may read and copy any materials that we file with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington,
  DC 20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.
  Also, the SEC maintains an internet website that contains reports, proxy and information statements, and other information regarding
  issuers, including Novamex, that file electronically with the SEC. The public can obtain any document we file with the SEC at
  http://www.sec.gov. Information contained on or connected to our website is not incorporated by reference into this Current Report
  on Form 8-K and should not be considered part of this Annual Report or any other filing that we make with the SEC.
  8
  Risk Factors
  An investment in our securities involves various
  risks. You should consider carefully all of the risk factors described below, the matters discussed herein under "Forward-Looking
  Statements," and other information included and incorporated by reference in this Current Report on Form 8-K, as well as
  in other reports and materials that we file with the SEC. If any of the risks described below or elsewhere in this Current Report
  on Form 8-K were to materialize, our business, financial condition, results of operations, cash flows, or prospects could be materially
  adversely affected. In such case, the trading price of our Common Stock could decline and you could lose part or all of your investment.
  Additional risks and uncertainties not currently known to us, or those we currently deem immaterial, may also materially adversely
  affect our financial condition, results of operations, and cash flows.
  Demand for our services and products is affected by
  fluctuations in oil and natural gas prices, such as the recent decline in prices, which, in turn, affect the level of
  exploration, development, and production activity of our customers and could have a material adverse effect on our business,
  financial condition, results of operations, and impede our growth.
  The oilfield services business is cyclical
  and depends on general conditions in the oil and natural gas industry, especially oil and natural gas prices and capital expenditures
  by oil and natural gas companies. Volatility in oil and natural gas prices, tight credit markets, and disruptions in the United
  States and global economies and financial systems may adversely impact our intended business. Prices for oil and natural gas have
  been historically volatile as a result of changes in the supply of, and demand for, oil and natural gas and other factors. These
  include changes resulting from, among other things, the ability of OPEC to support oil prices, changes in the levels of oil and
  natural gas production in the United States and other countries, domestic and worldwide economic conditions, and political instability
  in oil-producing countries.
  Oil prices sharply declined during the
  second half of 2014 and have remained low since that time. Because we depend on our customers' willingness to make capital expenditures
  to explore, develop, and produce oil and natural gas, continued weakness in oil and natural gas prices (or the perception by our
  customers that oil and natural gas prices will decrease in the future) could result in a reduction in the utilization of our equipment
  and result in lower rates for our services. Customers' willingness to undertake exploration and production activities depends
  largely upon prevailing industry conditions that are influenced by numerous factors over which we have no control, including:
  •
  the domestic and foreign supply of oil and natural gas;
  •
  the level of prices, and expectations about future prices, of oil and natural gas;
  •
  the price and availability of alternative fuels;
  •
  the level of consumer demand;
  •
  the cost of exploring for, developing, producing, and delivering oil and natural gas;
  •
  the price of foreign imports;
  •
  weather conditions;
  •
  worldwide economic conditions;
  •
  the availability, proximity, and capacity of transportation facilities and processing
  facilities;
  •
  the effect of worldwide energy conservation efforts;
  •
  risks associated with operating drilling rigs;
  •
  technical advances affecting energy consumption;
  •
  political conditions in oil and gas producing regions; and
  •
  domestic and foreign governmental regulations and taxes.
  9
  A substantial decline in oil and natural gas
  prices generally leads to decreased spending by customers. While higher oil and natural gas prices generally lead to increased
  spending by customers, sustained high energy prices can be an impediment to economic growth, and can therefore negatively impact
  spending by our customers. Customers also take into account the volatility of energy prices and other risk factors by requiring
  higher returns for individual projects if there is higher perceived risk. Any of these factors could affect the demand for oil
  and natural gas and could have a material adverse effect on our business, financial condition, results of operations, and cash
  flow.
  Spending by exploration and production
  companies depends on factors other than oil and natural gas prices, including conditions in the capital markets and the discovery
  and development of oil and natural gas reserves.
  Spending by exploration and production companies
  can also be impacted by conditions in the capital markets. Limitations on the availability of capital, or higher costs of capital,
  for financing expenditures may cause exploration and production companies to make additional reductions to capital budgets in
  the future even if oil and natural gas prices remain stable or increase. Any such cuts in spending will curtail drilling programs
  as well as discretionary spending on well services, which may result in a reduction in the demand for our services, and the rates
  we can charge and the utilization of our assets. Moreover, reduced discovery rates of new oil and natural gas reserves, or a decrease
  in the development rate of reserves, in our market areas, whether due to increased governmental regulation, limitations on exploration
  and drilling activity, or other factors, could also have a material adverse impact on our business, even in a stronger oil and
  natural gas price environment.
  We may be unable to implement price
  increases or maintain existing prices on our core services and products.
  We may periodically seek to increase the prices
  of our services and products to offset rising costs and to generate higher returns for our stockholders. We operate in a very
  competitive industry, however, and we may not always be successful in raising or maintaining our existing prices. Additionally,
  during periods of increased market demand, a significant amount of new service capacity, including new well service rigs, fluid
  hauling trucks, coiled tubing units, and new fishing and rental equipment, may enter the market, which could also put pressure
  on the pricing of our services and products and can limit our ability to increase or maintain prices. Likewise, during periods
  of declining pricing for our services and products, as we are experiencing now, we may not be able to reduce our costs accordingly,
  which could further adversely affect our profitability.
  Even when we are able to increase our prices,
  we may not be able to do so at a rate that is sufficient to offset such rising costs. In periods of high demand for oilfield services,
  a tighter labor market may result in higher labor costs. During such periods, our labor costs could increase at a greater rate
  than our ability to raise prices for our services. What is more, we may not be able to successfully increase prices without adversely
  affecting our activity levels. The inability to maintain our prices or to increase our prices as costs increase could have a material
  adverse effect on our business, financial position, and results of operations.
  We participate in a capital-intensive
  industry. We may not be able to finance future acquisitions or future growth of our oilfield services operations.
  Our business activities require substantial
  capital expenditures. If our cash flow from operating activities are not sufficient to fund our capital budget, we would be required
  to fund capital expenditures through debt or equity or alternative financing plans, such as refinancing or restructuring our debt
  or selling assets.
  Our ability to raise debt or equity capital
  or to refinance or restructure our debt will depend on the condition of the capital markets and our financial condition at such
  time, among other things. Any refinancing of our debt could be at higher interest rates and may require us to comply with more
  onerous covenants, which could further restrict our business operations. The terms of existing or future debt instruments may
  restrict us from adopting some of these alternatives. If debt and equity capital or alternative financing plans are not available,
  or are not available on economically attractive terms, we would be required to curtail our capital spending, and our ability to
  grow our business and sustain or improve our profits may be adversely affected. Any of the foregoing consequences could materially
  and adversely affect our business, financial condition, results of operations, and prospects.
  10
  Loss of key members of our management
  could disrupt our business.
  We maintain employment agreements with our
  senior executives and depend on the continued employment and performance of our senior executives and other key members of management.
  If any of these individuals resigns or becomes unable to continue in his or her present role and is not adequately replaced, our
  business operations and our ability to implement our growth strategies could be materially disrupted.
  Increased labor costs or the unavailability
  of skilled workers could hurt our oilfield services operations.
  Companies in our industry are dependent upon
  the available labor pool of skilled employees. We compete with other oilfield services businesses and other employers to attract
  and retain qualified personnel with the technical skills and experience required to provide our customers with the highest quality
  service. We are also subject to the Fair Labor Standards Act, which governs matters such as the minimum wage, overtime, and other
  working conditions, and which can increase our labor costs or subject us to liabilities from our employees. A shortage in the
  labor pool of skilled workers or other general inflationary pressures or changes in applicable laws and regulations could make
  it more difficult for us to attract and retain personnel and could require us to enhance our wage and benefits packages. Labor
  costs may increase in the future, and such increases could have a material adverse effect on our business, financial condition,
  and results of operations.
  New technologies may cause our current
  operating methods to become obsolete.
  The oil and gas industry is subject to rapid and significant
  advancements in technology, including the introduction of new products and services utilizing new technologies. As
  competitors use or develop new technologies, we may be placed at a competitive disadvantage, and competitive pressures may
  force us to implement new technologies at a substantial cost. In addition, our competitors have greater financial, technical,
  and personnel resources that allow them to enjoy technological advantages and may in the future allow them to implement new
  technologies before we can. We cannot be certain that we will be able to implement technologies on a timely basis or at a
  cost that is acceptable to us. If we are unable to maintain technological advancements consistent with industry standards,
  our operations and financial condition may be adversely affected.
  New federal rules relating to hydraulic
  fracturing could result in increased costs and additional operating restrictions or delays.
  The U.S. Department of the Interior recently
  released new rules on hydraulic fracturing on federal and Indian lands. Hydraulic fracturing involves the injection of water,
  sand and additives under pressure into rock formation to stimulate natural gas production. The use of hydraulic fracturing is
  necessary to produce commercial quantities of natural gas and oil from many reservoirs. These new rules have established an additional
  level of regulation and permitting at the federal level that may (i) lead to operational delays, (ii) increase operating costs,
  (iii) increase our costs of compliance and doing business, and (iv) delay the development of gas resources that are not commercial
  without the use of hydraulic fracturing. We also cannot predict what additional legislative and regulatory initiatives may be
  enacted at the federal, state, and local levels.
  We exist in a litigious environment.
  Any constituent could bring suit regarding our existing or planned
  operations or allege a violation of an existing contract. Any such action could delay when planned operations can actually commence
  or could cause a halt to existing production until the courts resolve such alleged violations. Not only could we incur significant
  legal and support expenses in defending our rights, but also halting existing production or delaying planned operations could
  impact our future operations and financial condition. Such legal disputes could also distract management and other personnel from
  their primary responsibilities.
  11
  Interruptions to our business could
  adversely affect our operations.
  As with any company, our operations are at
  risk of being interrupted by earthquake, fire, flood, and other natural and human-caused disasters, including disease and terrorist
  attacks. Our operations are also at risk of power loss, telecommunications failure, and other infrastructure and technology based
  problems.
  A terrorist attack or armed conflict
  could harm our business.
  Terrorist activities, anti-terrorist efforts,
  and other armed conflicts involving the United States or other countries may adversely affect the United States and global economies
  and could prevent us from meeting our financial and other obligations. If any of these events occur, the resulting political instability
  and societal disruption could reduce overall demand for oil and natural gas, potentially putting downward pressure on demand for
  our services and causing a reduction in our revenues. Oil and natural gas related facilities could be direct targets of terrorist
  attacks, and our operations could be adversely impacted if infrastructure integral to our customers' operations is destroyed or
  damaged. Costs for insurance and other security may increase as a result of these threats, and some insurance coverage may become
  more difficult to obtain, if available at all.
  Risks Related to Our Common Stock
  The regulation of penny stocks by the
  SEC and FINRA may discourage trading of our securities.
  We are a "penny stock" company, and are subject to
  an SEC rule that imposes special sales practice requirements upon broker-dealers who sell such securities to persons other
  than established customers or accredited investors. For transactions covered by the rule, the broker-dealer must make a
  special suitability determination for the purchaser and receive the purchaser's written agreement to the transaction prior to
  the sale. Effectively, this discourages broker-dealers from executing trades in penny stocks. Consequently, the rule will
  affect the ability of our stockholders sell their securities in any market that might develop therefore because it imposes
  additional regulatory burdens on penny stock transactions.
  In addition, the SEC has adopted a number
  of rules to regulate "penny stocks." Because our securities constitute "penny stocks" within the meaning of
  the rules, the rules would apply to us and to our securities. The rules will further affect the ability of owners of shares to
  sell our securities in any market that might develop for them because these rules impose additional regulatory burdens on penny
  stock transactions.
  Stockholders should be aware that, according
  to the SEC, the market for penny stocks has suffered in recent years from patterns of fraud and abuse. Such patterns include (i)
  control of the market for the security by one or a few broker-dealers that are often related to the promoter or issuer; (ii) manipulation
  of prices through prearranged matching of purchases and sales and false and misleading press releases; (iii) "boiler room"
  practices involving high-pressure sales tactics and unrealistic price projections by inexperienced sales persons; (iv) excessive
  and undisclosed bid-ask differentials and markups by selling broker-dealers; and (v) the wholesale dumping of the same securities
  by promoters and broker-dealers after prices have been manipulated to a desired consequent investor losses.
  Our
  Common Stock is an unsecured equity interest in Novamex.
  As an equity interest, our
  Common Stock is not secured by any of the assets of Novamex. Therefore, in the event we are liquidated, the holders of the Common
  Stock will receive a distribution only after all of our secured and unsecured creditors have been paid in full. There can be no
  assurance that we will have sufficient assets after paying our secured and unsecured creditors to make any distribution to the
  holders of the Common Stock.
  12
  Common stockholders will be diluted
  if additional shares of Common Stock are issued.
  If we sell additional equity, or convertible
  debt securities, such sales could result in increased dilution to our existing common stockholders and cause the price of our
  outstanding shares of Common Stock to decline. Further, the issuance of options or other derivative securities to acquire our
  Common Stock could result in dilution to other holders of our Common Stock.
  Sales of additional shares of our Common
  Stock could have a negative effect on the market price of our Common Stock.
  Sales of substantial amounts of our Common
  Stock in the public market could adversely affect prevailing market prices and could impair our ability to raise capital through
  the sale of our equity securities. Most shares of Common Stock currently outstanding are eligible for sale in the public market,
  subject in certain cases to compliance with the requirements of Rule 144 under the securities laws. We also have the authority
  to issue additional shares of Common Stock. The issuance of such shares could (i) dilute the voting power of the currently outstanding
  shares of our Common Stock and (ii) dilute earnings per share.
  We
  have shares of preferred stock outstanding that have greater rights than our Common Stock and we may issue additional shares of
  preferred stock that have greater rights than our Common Stock.
  Upon the Closing of
  the Merger, we issued 10,500,000 shares of Series A Preferred Stock to the Rio Bravo Shareholders. The terms of the Series A
  Preferred Stock are attached to this Current Report on Form 8-K as
  Exhibit 4.1
  . The Series A Preferred Stock has a
  $1.00 per share liquidation preference over the Common Stock of Novamex, which means
  that with respect to the
  distribution of assets and payment of dividends upon liquidation, dissolution, or winding up of the Company, whether
  voluntary or involuntary, all shares of the Series A Preferred Stock rank senior to all shares of Common Stock and any other
  securities designated as junior to the Series A Preferred Stock to the extent of $10,500,000.
  In addition
  to the issued and outstanding shares of the Series A Preferred Stock, our articles of incorporation authorize our board of directors
  to issue one or more additional series of preferred stock and set the terms of the preferred stock without seeking any further
  approval from our stockholders. Any additional shares of preferred stock that are issued also may rank ahead of our Common Stock,
  in terms of dividends, liquidation rights, and/or voting rights.
  We do not currently pay dividends on
  our Common Stock and do not anticipate doing so in the future.
  We have paid no cash dividends on our Common
  Stock, and we may not pay cash dividends on our Common Stock in the future. We intend to retain any earnings to fund our operations.
  Therefore, we do not anticipate paying any cash dividends on our Common Stock in the foreseeable future.
  Securities
  analysts may not initiate coverage of our Common Stock or may issue negative reports, which may adversely affect the trading price
  of our Common Stock.
  We cannot
  assure you that securities analysts will cover our company. If securities analysts do not cover our company, this lack of coverage
  may adversely affect the trading price of our Common Stock. The trading market for our shares will rely in part on the research
  and reports that securities analysts publish about us and our business.  If one or more of the analysts who cover our
  company downgrades our shares, the trading price of our shares may decline. If one or more of these analysts ceases to cover our
  company, we could lose visibility in the market, which, in turn, could also cause the trading price of our shares to decline.  Further,
  because of our small market capitalization, it may be difficult for us to attract securities analysts to cover our company, which
  could significantly and adversely affect the trading price of our Common Stock.
  Our stock price is volatile and you
  may not be able to resell shares of our Common Stock at or above the price you paid
  .
  The price of our Common Stock fluctuates significantly, which
  may result in losses for investors. We expect our Common Stock to be subject to fluctuations as a result of a variety of factors,
  including factors beyond our control. These factors include:
  13
  •
  changes in oil and gas prices;
  •
  variations in drilling, recompletions, acquisitions, and operating results;
  •
  changes in governmental regulation;
  •
  changes in financial estimates by securities analysts;
  •
  changes in market valuations of comparable companies;
  •
  additions or departures of key personnel;
  •
  future sales of our Common Stock;
  •
  statement changes in opinions, ratings, or earnings estimates made;
  •
  disparity between our reported results and any projections;
  •
  technological innovations by us or our competitors;
  •
  ability to maintain profitable relationships with our customers;
  •
  ability to report financial information in a timely manner; or
  •
  the markets in which our Common Stock is traded.
  Provisions in our articles and
  bylaws as well as under Nevada law could delay or prevent a change in control of our company, which could adversely affect the
  price of our Common Stock.
  Provisions in our articles and bylaws
  could delay or prevent a change in control of the Company, which could adversely affect the price of our Common Stock. In addition
  to the ability of the board of directors to issue preferred stock without shareholder approval, our articles (a) provide for a
  classified board of directors, (b) require a two-thirds majority vote of the stockholders to amend our articles or bylaws, and
  (c) prohibit stockholder action by written consent. In addition, our bylaws (i) do not provide stockholders with the power to
  call a special meeting, (ii) require advance notice for stockholder nominations to the board or proposals for new business, and
  (iii) in the case of a takeover offer, require that the board consider all relevant factors in evaluating such offer, including,
  but not limited to, the terms of the offer, and the potential economic and social impact of such offer on our stockholders, employees,
  customers, creditors, and the community in which we operate.
  Further, the existence of some provisions under Nevada law
  could delay or prevent a change in control of the Company, which could adversely affect the price of our Common Stock. Nevada
  law imposes some restrictions on mergers and other business combinations between us and any holder of 10% or more of our
  outstanding Common Stock.
  PROPERTIES
  Novamex's corporate headquarters are located
  at 1610 Woodstead Court, Suite 330, The Woodlands, Texas, 77380, where we lease 3,221 square feet of space. Further, Rio Bravo
  Tank leases its fabrication shop, which has 80,000 square feet of manufacturing space, overhead cranes, cutting and bending capabilities,
  and complete painting facilities. This facility is located at Kilometro 14 de la Carretera Saltillo-Piedras Negras, in Ramos Arizpe,
  Coahuila, Mexico.
  FINANCIAL INFORMATION
  The financial information required pursuant
  to Items 301, 303, and 305 of Regulation S-K will be provided in an Amendment to this Current Report on Form 8-K on or before
  June 26, 2015.
  14
  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
  OWNERS AND MANAGEMENT
  The following table sets forth certain information
  as of May 20, 2015, with respect to the beneficial ownership of the outstanding Series A Preferred Stock and the Common Stock
  of Novamex by (i) any holder of more than five (5%) percent; (ii) each of the Company's executive officers and directors;
  and (iii) the Company's directors and executive officers as a group. The percentage of class beneficially owned is based
  on 10,500,000 shares of the Series A Preferred Stock and 16,834,415 shares of Common Stock reported by the Company as being issued
  and outstanding as of May 20, 2015. Each share of the Series A Preferred Stock is entitled to one vote per share, and each share
  of Common Stock is entitled to one vote per share. Beneficial ownership has been determined in accordance with Rule 13d-3 under
  the Exchange Act. Unless otherwise specified, the address of each of the persons listed in the table below is c/o Novamex Energy
  Inc., 1610 Woodstead Court, Suite 330, The Woodlands, Texas 77380.
  Class Title
  Name
  # of Shares Beneficially Owned
  % of Outstanding Shares of Class Beneficially Owned
  % of Outstanding Shares of All Voting Securities Beneficially Owned
  Directors and Executive Officers
  Common Stock
  Stephen Bargo
  15,000,000
  (1)
  89.1
  %
  93.3%
  (2)
  Common Stock
  Jackson Payne
  15,000,000
  (3)
  89.1
  %
  93.3%
  (4)
  Common Stock
  Jose Luis Robles
  —
  —
  —
  Common Stock
  All Directors and Officers as a Group (3 Persons)
  15,000,000
  89.1
  %
  93.3
  %
  5% Shareholders
  Common Stock
  Excellere Capital Group LLC
  3102 Maple Avenue, Ste. 450
  Dallas, Texas 75201
  15,000,000
  (5)
  89.1
  %
  93.3%
  (6)
  Series A Preferred Stock
  Stephen Bargo
  10,500,000
  (7)
  100.0
  %
  93.3%
  (8)
  Series A Preferred Stock
  Jackson Payne
  10,500,000
  (9)
  100.0
  %
  93.3%
  (10)
  Series A Preferred Stock
  Jose Luis Robles
  —
  —
  —
  Series A Preferred Stock
  All Directors and Officers as a Group (3 Persons)
  10,500,000
  100.0
  %
  93.3
  %
  5% Shareholders
  Series A Preferred Stock
  Gordon Payne
  10,500,000
  (11)
  100.0
  %
  93.3%
  (12)
  Series A Preferred Stock
  Coleman Payne
  10,500,000
  (13)
  100.0
  %
  93.3%
  (14)
  (1)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC.
  (2)
  Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Energy Inc. Voting
  Agreement, dated May 20, 2015, by and among Novamex Energy Inc., Excellere Capital Group LLC, and Gordon Payne, Jackson Payne,
  and Coleman Payne (the "
  Novamex Voting Agreement
  "), which is attached to this Current Report on Form 8-K as
  Exhibit
  10.2
  .
  (3)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Jackson Payne has shared voting power over pursuant to the Novamex Voting Agreement.
  15
  (4)
  Includes 3,449,983 shares of Series A Preferred Stock held by Jackson Payne and  7,000,017
                                                                                 shares of Series A Preferred Stock held by Gordon Payne and Coleman Payne that Jackson Payne has shared voting power over
                                                                                 pursuant to the Novamex Voting Agreement.
  (5)
  Stephen Bargo has sole voting and dispositive power over the securities held by Excellere
  Capital Group LLC as the company's sole member.
  (6)
  Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Voting Agreement.
  (7)
  Includes 10,500,000 shares of Series A Preferred Stock held by Jackson Payne, Gordon
  Payne, and Coleman Payne that Excellere Capital Group LLC has shared voting power over pursuant to the Novamex Voting Agreement.
  (8)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC.
  (9)
  Includes 3,499,983 shares of Series A Preferred Stock held by Jackson Payne and  7,000,017
                                                                                 shares of Series A Preferred Stock held by Gordon Payne and Coleman Payne that Jackson Payne has shared voting power over
                                                                                 pursuant to the Novamex Voting Agreement.
  (10)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Jackson Payne has shared voting power over pursuant to the Novamex Voting Agreement.
  (11)
  Includes 3,500,034 shares of Series A Preferred Stock held by Gordon Payne and  6,999,966
                                                                                  shares of Series A Preferred Stock held by Jackson Payne and Coleman Payne that Gordon Payne has shared voting power over
                                                                                  pursuant to the Novamex Voting Agreement.
  (12)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Gordon Payne has shared voting power over pursuant to the Novamex Voting Agreement.
  (13)
  Includes 3,499,983 shares of Series A Preferred Stock held by Coleman Payne and 7,000,017
  shares of Series A Preferred Stock held by Jackson Payne and Gordon Payne that Coleman Payne has shared voting power over pursuant
  to the Novamex Voting Agreement.
  (14)
  Includes 15,000,000 shares of Common Stock held by Excellere Capital Group LLC that
  Coleman Payne has shared voting power over pursuant to the Novamex Voting Agreement.
  DIRECTORS AND EXECUTIVE OFFICERS
  The officers, directors, and certain significant
  employees of the Company are as follows:
  Name
  Age
  Position(s) and Term(s) of office
  Stephen Bargo
  61
  Chairman (June 28, 2013 to Present)
  Jackson Payne
  37
  President, Chief Executive Officer, Chief Financial Officer (interim), and
      Treasurer (interim) (May 20, 2015 to Present); Director (May 20, 2015 to Present)
  Jose L. Robles
  53
  Director (May 20, 2015 to Present)
  Gordon Payne
  63
  President of Rio Bravo Oilfield Services, Inc. (May 20, 2015 to Present)
  Coleman Payne
  32
  Secretary (May 20, 2015 to Present)
  Terms of Office
  The stockholders of the Company will elect
  the members of the board of directors at the annual meeting (except for the filling of vacancies) during fiscal 2015.  Each
  director holds office until his death, resignation, retirement, removal, or disqualification, or until his successor shall have
  been elected and qualified, and as further set forth in the Articles of Incorporation of Novamex.
  The Board elects the officers of the Company.  Each officer
  holds office until his death, resignation, retirement, removal, or disqualification or until his successor shall have been
  elected and qualified.
  16
  Family Relationships
  Jackson Payne, Director and the Chief Executive
  Officer of Novamex, Gordon Payne, the President of Rio Bravo, and Coleman Payne, the Secretary of Novamex, are all family members.
  Specifically, Gordon Payne is the father of Jackson Payne and Coleman Payne, who are brothers. There are no other family relationships
  between or among the directors, executive officers, or persons nominated or chosen by us to become directors or executive officers.
  Business Experience
  Stephen Bargo
  has 31 years of experience
  in the global oil and gas marketplace, primarily in the private equity and merger and acquisitions space.  He founded a service
  company at 18 years of age, which he sold in 1992.  Mr. Bargo's experience includes investment-grade real estate development,
  portfolio optimization, equity raises, operations management, and transactional activity.  He leverages strategic alliances
  with real estate firms and oil and gas companies in Africa, Asia, Europe, the United States, and Mexico to gain access to lucrative
  off-market opportunities and deliver a competitive advantage to investors.  Prior to Mr. Bargo's employment with Novamex,
  he was (and continues to be) employed by Excellere Capital Group LLC.
  Jackson Payne
  has
  over 15 years of experience in oil and gas management. His experience includes serving as President and CFO of Rio Bravo Oilfield
  Services, Inc. Jackson joined Rio Bravo in 2006 as CFO where he designed, implemented, and managed every facet of the finance
  and accounting organization for Rio Bravo and its wholly-owned Mexican subsidiary, Rio Bravo Tank de Mexico. He was appointed
  as President of Rio Bravo in 2010. Jackson is the son of Rio Bravo's founder and CEO, Gordon Payne, and was an all-conference
  basketball player at Christian Brothers University and assistant coach at Wofford College prior to joining Rio Bravo. He is presently
  an MBA candidate at the Kenan-Flagler Business School at the University of North Carolina, and also sits on the Board of Directors
  of The Victory Formation, a charity that supports orphans and widows.
  Jose Louis Robles
  has over 20 years
  of experience in the financial and real estate industries. His experience includes the development and implementation of the regulations
  of the Mexican mutual fund industry, origination and distribution of fixed income and equity securities, as well as fund raising,
  financial planning and implementation of strategic business development and controls. During the past five years, Jose has acted
  as Managing Director (Real Estate and Transaction Services) of Cronos Capital, a boutique investment firm dealing in housing,
  mixed-use development and land deals. Cronos Capital is not a parent, subsidiary, or other affiliate of the Registrant. Jose is
  currently the Managing Partner and Board Member of Excellere Capital Group de Mexico, which is a wholly-owned subsidiary of Excellere
  Capital Group LLC. Jose is a Public Accountant with specialties in real estate and corporate finance. He has a master's
  degree in Real Estate Development Projects from the Universidad de Anahuac, Mexico, and a bachelor's degree in Accounting
  from Instituto Tecnologico Autonomo de Mexico (ITAM).
  Gordon Payne
  has over 10 years of experience
  in the oil and gas manufacturing industry. His experience includes serving as CEO of Rio Bravo Oilfield Services, Inc., which
  he founded in 2006. As CEO, Gordon has been responsible for the majority of Rio Bravo's sales and manufacturing.
  Coleman Payne
  has over nine years of
  experience in the oil and gas industry and mergers and acquisitions. His experience includes serving for five years as the COO
  of Rio Bravo, and four years in Deloitte Consulting's Strategy and Operations practice. Coleman has a BBA in Finance and
  Marketing from the University of Oklahoma.
  EXECUTIVE COMPENSATION
  Board Compensation
  For the fiscal year ended December 31, 2004, the Company's
  sole director, Stephen Bargo, received no compensation for his services as a director. Novamex has not established any standard
  arrangements pursuant to which directors have been compensated for their services, although all directors are reimbursed for out-of-pocket
  expenses, including those incurred in connection with attendance at meetings of the Board of Directors. The Company may establish
  a compensation plan for its directors in the future.
  17
  Executive Compensation
  – Executive Officers of Novamex
  Novamex did not pay
  or accrue any cash compensation to any executive officer of the Company nor pay or accrue any other compensation to any executive
  officer of the Company during the fiscal years ended December 31, 2014 and 2013.
  Executive Compensation
  –Executive Officers of Rio Bravo
  Rio Bravo became our
  wholly-owned subsidiary upon the Closing of the Merger. The following summary compensation table indicates the cash and non-cash
  compensation earned by the individuals who would have been deemed its executive officers had Rio Bravo Oilfield Services, Inc.
  been a reporting company on December 31, 2014. Each of the below salaries commenced under their respective employment agreements
  on July 1, 2014:
  Summary Compensation Table
  Name and Principal Position
  Year
  Salary
  Bonus
  Stock Awards
  Option Awards
  Non-Equity Incentive Plan Compensation
  All Other Compensation
  Total
  Gordon Payne - CEO
  2014
  $
  180,000
  —
  —
  —
  —
  —
  $
  180,000
  Jackson Payne - CFO
  2014
  $
  180,000
  —
  —
  —
  —
  —
  $
  180,000
  Coleman Payne – COO
  2014
  $
  180,000
  —
  —
  —
  —
  —
  $
  180,000
  None of the executive
  officers or directors of Rio Bravo received nor does Rio Bravo have any arrangements to pay out any bonus, stock awards, option
  awards, non-equity inventive plan compensation, or non-qualified deferred compensation.
  Potential Payments
  Upon Termination or Change-in-Control
  SEC regulations require
  that we must disclose information regarding agreements, plans or arrangements that provide for payments or benefits to our executive
  officers in connection with any termination of employment or change in control of the Company. Please see the section entitled
  "Employment Agreements" below for a discussion of management compensation in the event of a termination of employment
  or change in control of the Company.
  Employment Agreements
  Prior to the Closing
  of the Merger, Rio Bravo had employment agreements with Gordon Payne, Jackson Payne, and Coleman Payne, which are attached to
  this Current Report on Form 8-K as
  Exhibits 10.3
  ,
  10.4
  , and
  10.5
  , respectively. Upon the Closing of the Merger,
  Novamex assumed each of these employment agreements, which are summarized below:
  Gordon Payne (Chief Executive Officer/Chairman of Rio Bravo)
  :
  The Employment Agreement commenced on July 1, 2014 and has a term of three years (the "
  Initial Period
  "), unless
  otherwise terminated in accordance with the provisions provided therein. The base salary is $180,000 per annum with a quarterly
  bonus ranging from 5% to 100% of the annual salary. The employee may also be awarded other incentive compensation at the discretion
  of the employer. The agreement provides for paid vacation, health benefits, and other benefits as provided by the employer from
  time to time. In the event the agreement is terminated by Rio Bravo at the conclusion of the Initial Period or any Additional
  Period (as defined therein), or in the event Rio Bravo fails to offer employee a renewal employment agreement and employee elects
  to terminate the agreement, then Rio Bravo is obligated to pay employee (i) for all accrued but unused vacation; and (ii) a severance
  payment equal to the sum of (x) employee's then current base salary for twelve (12) months, plus (y) the annual bonus paid to
  employee for the prior calendar year, which severance payment shall be paid to employee, less all appropriate deductions and withholdings,
  in equal, bi-monthly installments over the twelve (12) month period commencing with the date of termination (the "
  Severance
  Period
  "). During the Severance Period, Rio Bravo shall provide employee with comprehensive health, disability, and life
  insurance policies providing benefits at least equivalent to those employee received on the last day of the agreement's
  term.
  18
  Jackson Payne (Chief
  Financial Officer/Director of Rio Bravo)
  : See above employment agreement summary for Gordon Payne.
  Coleman Payne (Chief Operating Officer/Director
  of Rio Bravo)
  : See above employment agreement summary for Gordon Payne.
  Novamex may choose to replace these employment
  agreements in the future given such individuals' new roles and responsibilities with the Company.
  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
  AND DIRECTOR INDEPENDENCE
  Transactions with Related Persons, Promoters,
  and Certain Control Persons
  Novamex, Excellere Capital Group LLC, and
  the Rio Bravo Shareholders (Gordon Payne, Jackson Payne, and Coleman Payne), entered the "Novamex Energy Inc. Voting Agreement"
  on May 20, 2015, pursuant to the Merger Agreement. The Novamex Energy Inc. Voting Agreement is attached to this Current Report
  on Form 8-K as
  Exhibit 10.2
  . Under such Voting Agreement, Excellere Capital Group LLC and the Rio Bravo Shareholders (each,
  a "
  Shareholder
  ") each agree to vote, or cause to be voted, all shares owned by such Shareholders, or over which
  such Shareholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that
  at each annual or special meeting of shareholders at which an election of directors is held or pursuant to any written consent
  of the shareholders, the following persons shall be elected to the Board: (a) one person designated by a majority in interest
  of the Rio Bravo Shareholders, which individual shall initially be Jackson Payne; (b) one person designated by Excellere Capital
  Group LLC, which individual shall initially be Stephen Bargo beneficially; and (c) one person who is mutually acceptable to the
  Rio Bravo Shareholders and Excellere Capital Group LLC, which individual shall initially be Jose Luis Robles. The remaining members
  of the Board shall be voted upon by all the shareholders of the Company entitled to vote thereon in accordance with, and pursuant
  to, the Company's Third Amended and Restated Articles of Incorporation.
  Director Independence
  For purposes of determining whether members
  of the Company's Board of Directors are "independent," the Company's Board utilizes the standards set forth in the NASDAQ
  Stock Market Marketplace Rules ("
  NSMMR
  "). At present, the Company's entire board serves as its Audit, Compensation,
  and Nominating Committees.
  The Company's Board of Directors has not yet determined that
  any member of the Company's Board of Directors is an "independent director," as such term is defined
  under NSMMR Rule 5605.
  It is anticipated that additional independent
  directors will be added to the Board of Directors in the future, although the Board has not established a timetable for such action.
  LEGAL PROCEEDINGS
  None.
  19
  MARKET PRICE OF AND DIVIDENDS ON THE REGISTRANT'S
  COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
  Market Information
  The Common Stock of Novamex is presently traded
  on the over-the-counter market on the OTCQB® under the symbol NGLE, which is maintained by FINRA. The following table sets
  forth the range of high and low bid quotations for the Company's Common Stock for each full quarterly period during the two most
  recent fiscal years, any subsequent interim quarterly period for which financial statements are issued, and as of May 20, 2015.
  The quotations were obtained from information published by FINRA and reflect interdealer prices without retail mark-up, mark-down,
  or commission and may not necessarily represent actual transactions.
  Quarter Ended
  HIGH
  LOW
  May 20, 2015*
  0.04
  0.04
  March 31, 2015
  0.07
  0.07
  December 31, 2014
  0.10
  0.03
  September 30, 2014
  0.09
  0.05
  June 30, 2014
  0.09
  0.03
  March 31, 2014
  0.05
  0.05
  December 31, 2013
  0.10
  0.05
  September 30, 2013
  0.10
  0.02
  June 30, 2013
  0.24
  0.02
  March 31, 2013
  0.10
  0.02
  * Not a fiscal quarter end.
  Holders
  On May 20, 2015, there were approximately
  2,800 holders of record of the Company's Common Stock.
  Dividend Policy
  Holders of the Company's Common Stock are
  entitled to receive such dividends as may be declared by the Company's board of directors. The Company has not declared or paid
  any dividends on the Company's Common Stock in the fiscal years 2013 or 2014 or in the first fiscal quarter of 2015 and
  it does not plan on declaring any dividends in the near future. The Company currently intends to use all available funds to finance
  the operation and expansion of its business. Further, our retained earnings deficit limits our ability to pay dividends.
  Securities Authorized for Issuance under Equity Compensation
  Plans
  None.
  RECENT SALES OF UNREGISTERED SECURITIES
  Reference is made to the disclosure describing
  the Merger set forth under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  The issuances of securities in the Merger were exempt from registration pursuant to Section 4(a)(2) of the Securities Act.
  We issued 15,000,000 shares of Common Stock to Excellere Capital
  Group LLC on August 9, 2013, in consideration of a $600,000 investment. The issuance of this Common stock was (i) made in reliance
  on the exemption from the registration requirements of the Securities Act provided by Section 4(a)(2) thereof and (ii) conducted
  without general solicitation or general advertising. Excellere Capital Group LLC, was an accredited investor at the time of the
  issuance.
  20
  DESCRIPTION OF REGISTRANT'S SECURITIES
  The following describes the material terms
  of the capital stock of Novamex. The following description does not purport to be complete and is subject to, and qualified in
  its entirety by reference to, the Company's Third Amended and Restated Articles of Incorporation and Amended and Restated
  Bylaws, which have been previously filed with the SEC and are incorporated herein by reference. All Novamex stockholders are urged
  to read our Third Amended and Restated Articles of Incorporation and Amended and Restated Bylaws carefully and in their entirety.
  General
  Our authorized capital
  stock consists of 1,000,000,000 shares of capital stock, consisting of (a) 700,000,000 shares of Common Stock, par value $0.001
  per share (the "
  Common Stock
  ") and (b) 300,000,000 shares of preferred stock, par value $0.001 per share (the
  "
  Preferred Stock
  ").
  Common Stock
  As of May 20, 2015,
  upon completion of the Merger, there were 16,834,415 shares of Common Stock issued and outstanding. The holders of our Common
  Stock are entitled to one vote per share on matters on which our stockholders vote. There are no cumulative voting rights. Subject
  to any preferential dividend rights of any outstanding shares of preferred stock, holders of our Common Stock are entitled to
  receive dividends, if declared by our Board of Directors, out of funds that we may legally use to pay dividends. If we liquidate
  or dissolve, holders of our Common Stock are entitled to share ratably in our assets once our debts and any liquidation preference
  owed to any then-outstanding preferred stockholders are paid. Our Third Amended and Restated Articles of Incorporation do not
  provide our Common Stock with any redemption, conversion or preemptive rights. All of the issued and outstanding shares of our
  Common Stock are duly authorized, validly issued, fully paid and non-assessable.
  Preferred Stock
  As of May 20, 2015, upon completion of the Merger, there were
  10,500,000 shares of "Series A Preferred Stock" issued and outstanding. The terms of the Series A Preferred Stock are
  attached to this Current Report on Form 8-K as
  Exhibit 4.1
  . The Series A Preferred Stock has one vote per share. The Series
  A Preferred Stock has a liquidation preference over the Common Stock, which means
  that in
  the event of any voluntary or involuntary liquidation, dissolution, or winding up of the Company, the holders of shares of Series
  A Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Company available for distribution to
  its stockholders, before any payment shall be made to the holders of shares of Common Stock by reason of their ownership thereof,
  an amount in cash equal to the aggregate "Liquidation Value" of all shares held by such holder, plus all declared and
  unpaid dividends on all such shares.
  "
  Liquidation Value" means,
  with re
  spect to any share of the Series A Preferred Stock on any given date, $1.00 (as adjusted
  for any stock splits, stock dividends, recapitalizations, or similar transaction with respect to the Series A Preferred Stock).
  From and after the date of issuance of any share of the Series
  A Preferred Stock, the board of directors may declare and pay dividends in the amount of $.0425 per share per annum, payable on
  the last day of March, June, September,and December of each calendar year, provided that the Company's fully-diluted earnings
  per share, as reflected on its audited financial statements for the preceding fiscal year of the Company, exceeds $1.00 per share.
  All such dividends on any share shall be non-cumulative and shall be paid in cash only when, as and if declared by the board out
  of funds legally available therefor or upon a liquidation of the Series A Preferred Stock. In addition to the dividends payable
  on the Series A Preferred Stock, if the Company declares or pays a dividend or distribution on the Common Stock, whether such
  dividend or distribution is payable in cash, securities or other property, including the purchase or redemption by Novamex or
  any of its subsidiaries of shares of Common Stock for cash, securities or property, but excluding (i) any dividend or distribution
  payable on the Common Stock in shares of Common Stock and (ii) any repurchases of Common Stock held by employees or consultants
  of the Company upon termination of their employment or services pursuant to agreements providing for such repurchase, the Company
  shall simultaneously declare and pay a dividend on the Series A Preferred Stock on a pro rata basis with the Common Stock determined
  on an as-converted basis (see below) assuming all shares had been converted as of immediately prior to the record date of the
  applicable dividend.
  21
  At any time and from
  time to time on or after the date of issuance, any holder of Series A Preferred Stock shall have the right by written election
  to the Company to convert all or any portion of the outstanding shares of Series A Preferred Stock (including any fraction of
  a share) held by such holder into an aggregate number of shares of Common Stock (including any fraction of a share) on the basis
  of one (1) share of Common Stock for each share of Series A Preferred Stock (as adjusted for any stock splits, stock dividends,
  recapitalizations or similar transaction with respect to the Common Stock).
  Outstanding Options,
  Warrants and Convertible Securities
  The Company does not have any outstanding
  options, warrants, or convertible securities.
  INDEMNIFICATION OF DIRECTORS AND OFFICERS
  Nevada Law
  Section 78.7502 of the Nevada Revised
  Statutes ("
  NRS
  ") permits a corporation to indemnify any person who was or is a party or is threatened to be made
  a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative,
  except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee
  or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent
  of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys' fees,
  judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or
  proceeding if he:
  a)
  is not liable pursuant to Nevada Revised Statute 78.138, or
  b)
  acted in good faith and in a manner which he reasonably believed to be in or not opposed
  to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe
  his conduct was unlawful.
  In addition, Section 78.7502 permits
  a corporation to indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or
  completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he
  is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as
  a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses,
  including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him in connection with the
  defense or settlement of the action or suit if he:
  a)
  is not liable pursuant to Nevada Revised Statute 78.138; or
  b)
  acted in good faith and in a manner which he reasonably believed to be in or not opposed
  to the best interests of the corporation.
  To the extent that a director, officer, employee
  or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred
  to above, or in defense of any claim, issue or matter, the corporation is required to indemnify him against expenses, including
  attorneys' fees, actually and reasonably incurred by him in connection with the defense.
  Section 78.752 of the Nevada Revised Statutes
  allows a corporation to purchase and maintain insurance or make other financial arrangements on behalf of any person who is or
  was a director, officer, employee or agent of the corporation or is or was serving at the request of the corporation as a director,
  officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted
  against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out
  of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.
  22
  Other financial arrangements made by
  the corporation pursuant to Section 78.752 may include the following:
  a)
  the creation of a trust fund;
  b)
  the establishment of a program of self-insurance;
  c)
  the securing of its obligation of indemnification by granting a security interest
  or other lien on any assets of the corporation; and
  d)
  the establishment of a letter of credit, guaranty or surety.
  No financial arrangement made pursuant to
  Section 78.752 may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals,
  to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses
  or indemnification ordered by a court.
  Any discretionary indemnification pursuant
  to Section 78.7502, unless ordered by a court or advanced pursuant to an undertaking to repay the amount if it is determined by
  a court that the indemnified party is not entitled to be indemnified by the corporation, may be made by the corporation only as
  authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper
  in the circumstances. The determination must be made:
  a)
  by the shareholders;
  b)
  by the board of directors by majority vote of a quorum consisting of directors who
  were not parties to the action, suit or proceeding;
  c)
  if a majority vote of a quorum consisting of directors who were not parties to the
  action, suit or proceeding so orders, by independent legal counsel in a written opinion, or
  d)
  if a quorum consisting of directors who were not parties to the action, suit or proceeding
  cannot be obtained, by independent legal counsel in a written opinion.
  Charter Provisions and Other Arrangements
  of the Registrant
  Pursuant to the provisions of the NRS, the
  Registrant has adopted the following provisions in its bylaws for its directors and officers:
  10.1
  Generally
  . To the fullest
  extent permitted under Nevada Law or the Articles of Incorporation, the Company shall indemnify any director, officer, or agent
  of the Company, or any person who is or was serving at the request of the Company as a director, officer, or agent of another
  corporation, partnership, joint venture, trust, employee benefit plan, or other enterprise ("
  Indemnitee
  ").
  10.2
  Expenses
  . To the
  extent that an Indemnitee has been successful on the merits or otherwise in defense of any proceeding referred to in Section
  10.2, or in defense of any claim, issue or matter therein, he shall be indemnified against expenses (including attorney's
  fees) actually and reasonably incurred by him in connection therewith. Expenses incurred in defending a civil or criminal
  action, suit or proceeding may be paid by the Company in advance of the final disposition of such action, suit or proceeding
  as authorized in the manner provided in Section 10.3 upon receipt of an undertaking by or on behalf of the Indemnitee to
  repay such amount unless it shall ultimately be determined that he is entitled to be indemnified by the Company as authorized
  in this Article.
  10.3
  Determination by Board
  . Any indemnification
  under this Article (unless ordered by a court) shall be made by the Company only as authorized in the specific case upon a determination
  that indemnification of the Indemnitee is proper in the circumstances because he has met the applicable standard of conduct set
  forth in the corporation laws of the State of Nevada.
  23
  10.4
  Not Exclusive of Other Rights
  .
  The indemnification provided by this Article shall not be deemed exclusive of any other rights to which Indemnitees may be entitled
  under any bylaw, agreement, vote of Stockholders or interested directors or otherwise, both as to action in his official capacity
  and as to action in another capacity while holding such office and shall continue as to a person who has ceased to be an Indemnitee
  and shall inure to the benefit of the heirs, executors and administrators of such a person.
  10.5
  Insurance
  . The Company
  shall have power to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent
  of the Company, or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust, employee benefit plan, or other enterprise against any liability asserted against him and incurred
  by him in any such capacity or arising out of his status as such, whether or not the Company would have the power to indemnify
  him against such liability under the provisions of this Article.
  The Company's indemnity of any
  Indemnitee shall be reduced by any amounts such person may collect as indemnification: (i) under any policy of insurance purchased
  and maintained on his behalf by the Company or (ii) from such other corporation, partnership, joint venture, trust, employee benefit
  plan or other enterprise.
  10.6
  Violation of Law
  . Nothing
  contained in this Article, or elsewhere in these Bylaws, shall operate to indemnify any Indemnitee if such indemnification is
  for any reason contrary to law, either as a matter of public policy, or under the provisions of the Federal Securities Act of
  1933, the Exchange Act, or any other applicable state or federal law.
  10.7
  Coverage
  . For the purposes
  of this Article, references to "the Company" include all constituent corporations absorbed in a consolidation or merger
  as well as the resulting or surviving corporation so that any person who is or was an indemnitee of such a constituent corporation
  or is or was serving at the request of such a constituent corporation as a director, officer, employee or agent of another corporation,
  partnership, joint venture, trust, employee benefit plan or other enterprise shall stand in the same position under the provisions
  of this Article with respect to the resulting or surviving corporation as he would if he had served the resulting or surviving
  corporation in the same capacity.
  Insurance
  We do not at this time have directors and
  officers ("
  D&O
  ") liability insurance. We may purchase D&O liability insurance for our directors and officers
  in the future.
  FINANCIAL STATEMENTS AND SUPPLEMENTARY
  DATA
  Financial statements and supplementary data
  will be provided in an Amendment to this Current Report on Form 8-K on or before June 26, 2015.
  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
  ON ACCOUNTING AND FINANCIAL DISCLOSURE
  None.
  SECTION 3 - SECURITIES AND TRADING MARKETS
  ITEM 3.02 UNREGISTERED SALES OF EQUITY SECURITIES
  As more fully described in Item 2.01 above, in connection
  with the merger, on the closing date, we issued a total of 10,500,000 duly authorized, validly issued, and nonassessable
  shares of the Series A Preferred Stock of Novamex, in exchange for 100% of the issued and outstanding capital stock of Rio
  Bravo. The terms of the Series A Preferred Stock are attached to this Current Report on Form 8-K as
  Exhibit 4.1
  .
  Reference is made to the disclosures set forth under Item 2.01 of this Form 8-K, which disclosures are incorporated herein by
  reference.
  24
  The securities issued in this transaction
  were not registered under the Securities Act, or the securities laws of any state, and were offered and sold pursuant to the exemption
  from registration under the Securities Act provided by Section 4(a)(2) of the Securities Act.
  SECTION 5 – CORPORATE GOVERNANCE AND
  MANAGEMENT
  ITEM 5.01 CHANGES IN CONTROL OF THE REGISTRANT
  Reference is made to the disclosure set forth
  under Item 2.01 and Item 5.02 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION
  OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY
  ARRANGEMENTS OF CERTAIN OFFICERS
  Reference is made to the disclosure set forth
  under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  (b)	Resignation of Officers
  Effective upon the Closing of the Merger on
  May 20, 2015, Stephen Bargo resigned as the President, Chief Executive Officer, and Chief Accounting Officer. His resignation
  from these positions was not the result of any disagreement with the Company on any matters relating to our operations, policies,
  and practices but was the result of the Merger described in Item 2.01 of this Current Report on Form 8-K.
  Stephen Bargo is the Chairman of the Company's
  Board of Directors and, notwithstanding his resignation as the President, Chief Executive Officer, and Chief Accounting Officer,
  he shall remain as the Chairman of the Board of Directors.
  (c)	Appointment of Officers
  Effective upon the Closing of the Merger on
  May 20, 2015, the following persons were appointed as executive officers of the Company, with the respective titles as set forth
  opposite his or her name below:
  Name
  Age
  Principal Position with the Company
  Jackson Payne
  37
  Director, President, Chief Executive Officer, Chief Financial Officer (interim), and Treasurer (interim)
  (d) 	Appointment of Directors
  Effective upon the Closing of the Merger on
  May 20, 2015, the following persons were appointed to the Company's Board of Directors:
  Name
  Age
  Principal Position with the Company
  Jackson Payne
  37
  Director, President, Chief Executive Officer, Chief Financial Officer (interim), and Treasurer (interim)
  Jose Luis Robles
  53
  Director
  (e)	Material Contracts
  Effective upon the Closing of the Merger on
  May 20, 2015, Novamex assumed the Employment Agreements of Jackson Payne, Gordon Payne, and Coleman Payne, which were in effect
  with Rio Bravo. For further discussion of such employment agreements, please see the discussion contained in Item 2.01 of this
  Current Report on Form 8-K, which discussion is incorporated herein by reference.
  25
  ITEM 5.06 CHANGE IN SHELL COMPANY STATUS
  Upon the Closing of the Merger on May 20,
  2015, we ceased to be a "shell company" as defined in Rule 12b-2 of the Exchange Act. Reference is made to the disclosure
  set forth under Item 2.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  ITEM 5.08 SHAREHOLDER DIRECTOR NOMINATIONS
  Reference is made to the disclosure set forth
  under Item 8.01 of this Current Report on Form 8-K, which disclosure is incorporated herein by reference.
  SECTION 8 – OTHER EVENTS
  ITEM 8.01 OTHER EVENTS
  The Board of Directors of Novamex has established
  July 30, 2015 as the date of the Company's 2015 Annual Meeting of Stockholders (the "
  2015 Annual Meeting
  "). Because
  Novamex did not have an annual meeting during the fiscal year 2014 (the "
  2014 Annual Meeting
  "), in accordance
  with Rule 14a−5(f) under the Exchange Act, the Company is informing our stockholders of the 2015 Annual Meeting date.
  Stockholders of record at the close of business
  on July 3, 2015 will be entitled to vote at the 2015 Annual Meeting. The time and location of the 2015 Annual Meeting will be
  as set forth in the Company's proxy statement for the 2015 Annual Meeting. Because Novamex did not have a 2014 Annual Meeting,
  a new deadline has been set for submission of proposals by stockholders intended to be included in the Company's 2015 proxy
  statement and form of proxy.
  Stockholders of the Company who wish to have
  a proposal considered for inclusion in the Company's proxy materials for the 2015 Annual Meeting pursuant to Rule 14a-8 under
  the Exchange Act, must ensure that such proposal is received by the Company's Secretary, Coleman Payne, at 1610 Woodstead
  Court, Suite 330, The Woodlands, Texas 77380, on or before the close of business on July 3, 2015, which the Company has determined
  to be a reasonable time before it expects to begin to print and send its proxy materials. Any such proposal must also meet the
  requirements set forth in the rules and regulations of the Securities and Exchange Commission in order to be eligible for inclusion
  in the proxy materials for the 2015 Annual Meeting. The July 3, 2015 deadline will also apply in determining whether notice of
  a shareholder proposal is timely for purposes of exercising discretionary voting authority with respect to proxies under Rule
  14a-4(c) of the Exchange Act.
  In addition, in accordance with the requirements
  contained in the Company's bylaws, Stockholders who wish to bring business before the 2015 Annual Meeting outside of Rule
  14a-8 of the Exchange Act or to nominate a person for election as a director must ensure that written notice of such proposal
  (including all of the information specified in the Company's bylaws) is received by the Company's Secretary, Coleman
  Payne, at the address specified above no later than the close of business on June 8, 2015. Any such proposal must meet the requirements
  set forth in the Company's bylaws in order to be brought before the 2015 Annual Meeting.
  SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
  (a)
  Financial Statements of the Business Acquired
  . The financial statements of
  Rio Bravo Oilfield Services, Inc. will be provided in an Amendment to this Current Report on Form 8-K on or before June 26, 2015.
  (b)
  Pro Forma Financial Information
  . The pro forma combined financial statements
  of the Company and Rio Bravo Oilfield Services, Inc. will be provided in an Amendment to this Current Report on Form 8-K on or
  before June 26, 2015.
  (d)
  Exhibits
  . Reference is made to the Exhibit Index following the signature page
  of this Current Report on Form 8-K, which is incorporated herein by reference.
  26
  SIGNATURES
  Pursuant to the requirements
  of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned
  hereunto duly authorized.
  Novamex Energy Inc.
  Date: June 2, 2015
  By:
  /s/ Jackson Payne
  Jackson Payne
  President, Chief Executive Officer,
  Chief Financial Officer (interim), and Treasurer (interim)
  27
  EXHIBIT INDEX
  Exhibit Number
  Description
  2.1
  Agreement and Plan of Merger, dated May 20, 2015, by and among Novamex, Novamex Acquisition, Inc., Rio Bravo Oilfield Services, Inc., and Gordon Payne, Jackson Payne, and Coleman Payne.
  4.1
  Certificate of Designation, Series A Preferred Stock of Novamex Energy Inc., dated May 20, 2015.
  10.1
  Escrow Agreement, dated May 20, 2015, by and among Gordon Payne, Jackson Payne and Coleman Payne, the stockholders of Rio Bravo Oilfield Services, Inc., Novamex Energy Inc., and BOKF, NA, a national banking association.
  10.2
  Novamex Energy Inc. Voting Agreement, dated May 20, 2015, by and among Novamex Energy, Inc., Excellere Capital Group LLC, and Gordon Payne, Jackson Payne, and Coleman Payne.
  10.3
  Gordon Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Gordon Payne.
  10.4
  Jackson Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Jackson Payne.
  10.5
  Coleman Payne Employment Agreement, dated July 1, 2014, by and between Rio Bravo Oilfield Services, Inc. and Coleman Payne.
  28