ASSIGNMENT OF OIL AND GAS . LEASES
KNOW ALL MEN BY THESE
PRESENTS:
That, the undersigned Black
Diamond Oil, Inc. (hereafter called Assignor) for good and
valuable consideration, the receipt of which is hereby
acknowledged, does hereby sell, assign, transfer and set over unto
Tengasco, Inc. (hereinafter called Assignee), all of
its right, title and working interest in and to the oil and gas
leases more particularly described on Exhibit "A":
Together with the rights incident
thereto and the personal property thereon, appurtenant thereto, or
used or obtained in connection therewith.
This Assignment is subject to any
overriding royalty interests of record.
And for the same consideration the
Assignor covenant with the Assignee, their heirs, successors, or
assigns: That the Assignor is the lawful owner of and have good
title to the interest above assigned in and to said lease, estate,
rights and property, free and clear from all liens, encumbrances or
adverse claims; that said lease is a valid and subsisting lease on
the land above described, and all rentals and royalties due
thereunder have been paid and all conditions necessary to keep the
same in full force have been duly performed, and that the Assignor
will warrant and forever defend the same against all persons
whomsoever, lawfully claiming or to claim the same.
-
This assignment shall be
effective July 1, 2008 at 7:00 AM. EXECUTED, This 27 th day of June,
2008
Exhibit
A (Rooks County)
Brown Lease - E 1/2 SE'/4 Sec. 18-7-17
Oil and Gas Lease dated February 27,
1981, recorded in Oil and Gas Book 154, page 335-6, from Harold A.
Brown and Bernice A. Brown, his wife, to and in favor of J. Harlan
Miller and Rim Oil Company, covering:
THE EAST HALF OF THE
SOUTHEAST QUARTER (E t /SEM OF SECTION
18, TOWNSHIP 7 SOUTH, RANGE 17 WEST OF THE SIXTH
P.M.
Gasper Lease -- N 1/2 NW 1/24 Sec. 18-7-17
Oil and Gas Lease dated March
27,1981, recorded in Book 155, page 644-5, from Daniel R. Gasper
and Lois Ann Gasper, his wife, to and in favor of HMS Oil Co.,
covering:
THE NORTH HALF OF THE NORTHWEST
QUARTER (N'/NW1/2) OF SECTION 18,
TOWNSHIP 7 SOUTH, RANGE 17 WEST OF
THE SIXTH P.M.
Griffith Lease - NE 1/2 Sec. 30-7-17
Oil and Gas Lease dated August 26,
1978, recorded in Oil and Gas Book 137, page 288, from Ray Griffith
and Viola Griffith, his wife, to and in favor of J. Harlan Miller,
covering:
THE NORTHEAST QUARTER (NE1/2) OF
SECTION 30, TOWNSHIP 7 SOUTH, RANGE 17 WEST OF THE SIXTH
P.M.
Drilling Unit H-10 (Housing Authority
Lease)
Pursuant to a Unitization Agreement
dated December 7, 1982, and recorded in Book 178, pages 365 76, the
following leases were pooled and unitized to form City of Stockton
Drilling Unit H-1, described as:
A TRACT IN NORTH SARVER'S SECOND
ADDITION TO THE CITY OF STOCKTON, KANSAS, Beginning at the
Southwest Corner of Lot I, Block 14, of said addition, thence East
619 feet to the East City Limits, thence South 630 feet to the
center line of Main Street, thence West 619 feet, thence North 630
feet to the point of beginning, and containing All of Blocks 18 and
19, and Lots 1 & 2 of Block 13; Lot 2, of Block 14; and the
South Half of Blocks 17 and 20 of said addition, commonly referred
to as City of Stockton Drilling Unit H-10.
1. Oil and Gas Lease
dated January 20,1982, recorded in Book 169, page 528-9, from John
Jensma, to and in favor of A & M Leasing and in so far as said
lease covers Lots 1 in Block 13 North, Sarver's Second Addition to
the City of Stockton, Kansas.
2. Oil and Gas Lease
dated March 27, 1982, recorded in Book 169, page 651-2, from Lyall
Frazier and Opal Frazier, his wife, to and in favor of A & M
Leasing and in so far as said lease covers Lot 2 in Block 14 North,
Sarver's Second Addition to the City of Stockton,
Kansas.
3. Oil and Gas
Lease dated March 12, 1982, recorded in Book 169,
page 562-3, from Lee Hindman and Evelyn Hindman, his wife,
to and in favor of A & M Leasing and in so far as
said
1.
lease covers Lot 2 in Block 13
North, Sarver's Second Addition to the City of Stockton,
Kansas.
4. Oil and Gas Lease
dated February 8,1982, recorded in Book 167, page 529-30, from Bill
W. Kope and Ruth L. Kope, his wife, to and in favor of HMS Oil
Company and in so far as said lease covers The South
Half (S 1 /2) of Block 18 North, The
South Half (S'1) of Block 20 North, and All of Block 19
North, Sarver's Second Addition to the City of Stockton,
Kansas.
5. Oil and Gas Lease
dated August 17, 1982, recorded in Book 174, page 147-8, from City
of Stockton, Kansas, to and in favor of Dale E. Dean and in so far
as said lease covers the South Half (S 1
/2) of Block 17 North and the North Half
(N'/) of Block 18 North, Salver's Second Addition to the
City of Stockton, Kansas.
3. Oil and Gas Lease dated August
17, 1982, recorded in Book 176, page 2-3, from Stockton Housing
Authority to and in favor of Dale E. Dean and in so far as said
lease covers the South Half (S 1/22) of Block
17 North and the North Half (N 1/2) of Block
18 North, Sarver's Second Addition to the City of Stockton,
Kansas.
Hutton Lease
1. Oil and Gas Lease
dated January 28, 1981, recorded in Oil and Gas Book 153, page 369
from Ustel Hutton, deceased, to and in favor of CC & S Oil
Operations, Inc. covering:
THE SOUTH HALF OF THE NORTH HALF OF
THE SOUTHWEST QUARTER (S'/N1/2SW1/24); THE SOUTHWEST QUARTER OF THE
SOUTHWEST QUARTER (SW1/2SW'/); OF SECTION 19, TOWNSHIP 7 SOUTH,
RANGE 17 WEST OF THE SIXTH P.M., ROOKS COUNTY, KANSAS
2. Oil and Gas Lease
dated January 28, 1981, recorded in Oil and Gas Book 153, page 371
from Ustel Hutton, deceased, to and in favor of CC & S Oil
Operations, Inc. covering:
THE SOUTH HALF OF THE SOUTH HALF OF
THE NORTHWEST QUARTER (S1/2S1/2NWY4); THE NORTH HALF OF THE NORTH
HALF OF THE SOUTHWEST QUARTER (N'/N'/SWIA); OF SECTION 19, TOWNSHIP
7 SOUTH, 17 WEST OF THE SIXTH P.M., ROOKS COUNTY, KANSAS
3. Surface Lease for Tank
Battery (with Easement and Right-of-Way for Road and Pipelines)
dated September 15, 1982, recorded in Book 174, page 513 from Ustel
Hutton, deceased, to and in favor of CC & S Oil Operation, Inc.
covering:
THE NORTH HALF OF THE SOUTHWEST
QUARTER (N1/2SW1/2); THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER
(SW1/2SW1/24); THE SOUTH HALF OF THE SOUTH HALF OF THE NORTHWEST
QUARTER (S1/2S'/NW'/); OF SECTION 19, TOWNSHIP 7 SOUTH, RANGE 17
WEST OF THE SIXTH P.M., ROOKS COUNTY, KANSAS
4. Tank Battery Lease
with Pipeline Easement dated June 7 th ,
2001, recorded in Book 314, page 282 from Wanda Haines,
eta], to and in favor of Black Diamond Oil, Inc.
covering
A ONE ACRE TRACT IMMEDIATELY
ADJOINING THE EXISTING HUTTON LEASE TANK BATTERY AND LOCATED
APPROXIMATELY IN THE CENTER OF THE EAST HALF OF THE NORTHWEST
QUARTER OF THE SOUTHWEST QUARTER (EY2NWY4SW1/2) OF -SECTION 19,
TOWNSHIP 7 SOUTH, RANGE 17 WEST OF THE SIXTH P.M., ROOKS COUNTY,
KANSAS.
Kope - City of Stockton Drilling
Unit G-1 0
Pursuant to a Unitization Agreement dated
December 16, 1983, and recorded in Book 202, pages 563-85, the
above leases were pooled and unitized to form City of Stockton
Drilling Unit G-1 0, described as:
A TRACT IN NORTH SARVER'S SECOND
ADDITION TO THE CITY OF STOCKTON, KANSAS, Beginning at the
Southwest Corner of Lot 1, Block 14, of said addition, thence East
649 feet to the East City Limits, thence North 697 feet to the
north city limits, thence West 649 feet, thence South 689.6 feet to
the point of beginning, and containing All of Blocks 16 and 21 and
a strip along the North side of said Blocks; Lots I & 2 of
Block 15 and a strip on the North side of said lots in Block 15;
Lot 1, of Block 14; and the North Half of Blocks 17 and 20 of said
addition, commonly referred to as City of Stockton Drilling Unit
G-10.
1. Oil and Gas Lease dated
February 8, 1982, recorded in Book 167, page 529-30, from Bill W.
Kope and Ruth L. Kope, his wife, to and in favor of,HMS Oil Company
and in so far as said lease covers: All of Blocks 16 and 21 North
and a strip along the North side of said Blocks; and the North Half
of Block 20 North, Sarver's Second Addition to the City of
Stockton, Kansas.
2. Oil and Gas Lease dated
August 17,1982, recorded in Book 174, page 147-8, from City of
Stockton, Kansas, to and in favor of Dale E. Dean and in so far as
said lease covers: The North Half (N 1
/2)
of Block 17 North Sarver's Second Addition
to the City of Stockton, Kansas.
3. Oil and Gas Lease dated
August 17, 1982, recorded in Book 176, page 2-3, from Stockton
Housing Authority to and in favor of
