RE: SALE AND TRANSFER OF PETROLEUM AND NATURAL GAS LEASES

Definitions:

“assets” means the Vendor’s entire right, title estate and interest in and to the lands, leases and lease substances as described in Schedule “A” attached hereto together with all agreements including MSL’s and LOC’, wells and LLR deposits for said wells, facilities, equipment and material related thereto.

“Vendor” means Asperago Holdings SA  and Elestone SA jointly held interest on described Assets;

“Purchaser” means TAMM Oil and Gas Corp:

“Effective Time” means 0:600  May 21, 2009:

“Closing Date “ means no later than 60 days from effective date subject to due diligence  or such date as the parties hereto may otherwise agree.

The Purchase offers to purchase the assets from the Vendor, for the consideration of shares in the Purchaser, issued from treasury and deposited with the Vendor for the purpose of the acquisition of the Assets and a GORR on future production:

$ 10.00 CAN.

7,286,000 shares of TAMM Oil and Gas Corp issued to Asperago Holding SA from treasury

7,286,000 shares of TAMM Oil and Gas Corp issued to Elestone SA from treasury

2 % GORR royalty on these leases - subject to signing a standard GORR agreement to follow.

Assets are free and clear of any encumbrances other than those listed on the attached Schedule “A”.  In addition, Vendor warrants that the lands are not subject to any Contracts except as specifically set out on Schedule “A” attached hereto.