EXHIBIT 10.1
FILED FOR RECORD
APR 16 2005
COUNTY CLERK,
NAVARRO COUNTY
TEXAS
ASSIGNMENT OF OIL, GAS AND MINERAL LEASE
STATE OF TEXAS
)
)
COUNTY OF NAVARRO
)
WHEREAS, RANDY
HOLIFIELD, 501 North Fordyce, Blooming Grove, Navarro
County, Texas 76626, (hereinafter referred
to as ASSIGNOR) is the present
owner of the leasehold covering those
certain tracts or parcels of land
situated in the James Smith League Survey
(A-726) of Navarro County, Texas,
totaling 15.5 acres, being a part a part of
a tract described in a Deed from
J.H. Harris to J.L. Hill and recorded in
Volume 128, Page 21 of the Deed
Records of Navarro County, Texas and being
described my metes and bounds in
Exhibit "A" attached hereto as First Tract,
Second Tract, Third Tract and
Fourth Tract, and being the same tracts of
land described in an Assignment of
Oil, Gas and Mineral Lease from C.L. Blount
d/b/a/ Corsicanna Oil and Gas
Company, recorded in the Records of Navarro
County, Texas.
WHEREAS,
American Stellar Energy, Inc. 2162 Acorn Court, Wheaton, DuPage
County, Illinois, 60187; KoKo Petroleum,
Inc., P.O. Box 929, Penticton, BC
Canada, V22A 6J9, and ARMEN ENERGY, LLC,
717 East Guenther, San Antonio, Bexas
County, Texas 78210, hereinafter referred
to as ASSIGNEES, is interested in
acquiring the leasehold on the lands
described in Exhibit "A".
NOW THEREFORE
KNOW ALL MEN BY THESE PRESENTS: That Randy Holifiled, for
an in consideration of TEN AND NO/100
DOLLARS ($10.00) and other good and
valuable consideration, cash in hand paid
by ASSIGNEES, the receipt and
sufficiency of which consideration is
acknowledged by the undersigned have
ASSIGNED, TRANSFERRED AND CONVEYED, and by
these presents do ASSIGN, TRANSFER
AND CONVEY to American Stellar Energy,
Inc., KoKo Petroleum, Inc., and Armen
Energy LLC, all its rights title and
interest in the Working Interest, and a
75.0000 percent Net Revenue Interest the
lands described in Exhibit "A", said
Working Interest and Net Revenue Interest
to be owned by the ASSIGNEES in the
following proportions:
ASSIGNEE
WORKING
NET REVENUE
INTEREST
INTEREST
American
Stellar Energy, Inc.
0.45000000
0.33750000
KoKo
Petroleum, Inc.
0.45000000
0.33750000
Armen
Energy, LLC
0.10000000
0.07500000
-----------
-----------
TOTALS
1.00000000
0.75000000
PAGE - 1 ASSIGNMENT - HOLIFIELD TO ARMEN
ENERGY, LLC, ET AL
<PAGE>
SPECIFICALLY
SUBJECT HOWEVER, to the following reservations, covenants,
provisions and conditions, to wit:
1. DEPTHS ASSIGNED:
The depths
herein assigned is limited to those depths from the surface
of the earth to the top of the Woodbine
Formation, together with the right if
ingress and egress upon the surface of the
assigned premises for the purpose
of exploring, producing and marketing
hydrocarbons from the assigned depths.
2. SUBJECT TO ALL EXISTING
BURDENS:
The leasehold
interest herein assigned, is conveye
