Document:

Exhibit 10.2

    
      

    

     

    Exhibit
      - Georgia Exploration, Inc. Form 10-QSB

     

    10.2    
      Agreement
      between Wharton Resources LP and CodeAmerica Investments LLC effective February
      1, 2006 for the purchase of 2,200 oil and gas lease acreage located in Clay
      County, Kentucky. 

    

    

    BAXTER
      BLEDSOE PROSPECT

    CLAY
      COUNTY, KENTUCKY

    PURCHASE
      AND SALE AGREEMENT

    

    

    

    
      	
              STATE
                OF KENTUCKY

            	 	
              }

            	 
	 	 	 	 
	
              COUNTY
                OF CLAY

            	 	
              }

            	 

    

    

    This
      Purchase and Sale Agreement (this “Agreement”) is entered into as of and
      effective the 1st
      day of
      February, 2006 by and between: 

    

    PARTIES
      TO AGREEMENT

    

    
      	(1)  	
              CODEAMERICA
                INVESTMENTS, LLC (“CodeAmerica”)

              8900
                Germantown Road, Suite 100

              Olive
                Branch, Mississippi 38654

              (“SELLER”)

            

    

     

    
      	(2)  	
              WHARTON
                RESOURCES LP (“Wharton”)

              519
                Heights Blvd. 

              Houston,
                Texas 77007

              (“PURCHASER”)

            

    

     

    WHEREAS:

    

    
      	A.  	
              SELLER
                owns the oil and gas lease described in Exhibit A (hereafter referred
                to
                as the “Baxter Bledsoe Lease” or “Lease”) with lease acreage of
                approximately 2,200 gross acres (1,496 acres net), more or less located
                in
                Clay County, Kentucky;

            

    

    

    
      	B.  	
              PURCHASER
                desires to acquire SELLER’s interests in the Baxter Bledsoe Lease from
                SELLER at a purchase price of US$ 150.00 per acre;
                and

            

    

    

    
      	C.  	
              SELLER
                agrees to sell and assign its interests in Lease to PURCHASER, and
                PURCHASER agrees to remit payment to SELLER for such purchase of
                Lease,
                upon PURCHASER’S completion of a public equity offering, expected to occur
                during the 1st
                quarter 2007 (the “Acquisition Payment”);

            

    

    

     

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that in consideration of the mutual covenants
      and provisions herein contained, the receipt of which is hereby acknowledged
      by
      PURCHASER and by SELLER, the parties hereto agree each with the other as
      follows:

    

    
      
        
          
          

        

        
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            1
            -

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      1 - DEFINITIONS

    

    
      	a.  	
              Acquisition
                Payment -
                An amount equal to one hundred and fifty dollars (US$150.00) per
                gross
                acre (a total of US$ 330,000 ) to be paid by PURCHASER to SELLER
                in
                immediately available funds, to a bank account specified by SELLER,
                upon
                PURCHASER’S completion of a public equity offering, expected to occur
                during the 1st
                quarter 2007.

            

    

    

    
      	b.  	
              Acquisition
                Deposit -
                An amount equal to fifteen thousand dollars (US$ 15,000) to be paid
                by
                PURCHASER to SELLER on or before September 15, 2006. Acquisition
                Deposit
                will be applied against the Acquisition Payment of US$330,000 at
                such time
                as PURCHASER remits the Acquisition Payment to SELLER. (I.e., PURCHASER’s
                net remittance to SELLER is US$ 315,000 upon remittance of Acquisition
                Payment. 

            

    

    

    
      	c.  	
              Baxter
                Bledsoe Lease Acreage (or Lease Acreage) -
                The oil and gas lease acreage as described in Exhibit A to this Agreement.
                

            

    

    

    

    ARTICLE
      II - ASSINGMENT ACREAGE

    

    SELLER
      represents that it owns the oil and gas lease described in Exhibit A, which
      comprise approximately two thousand two hundred (2,200) acres gross and which
      are located in Clay County, Kentucky. SELLER does not warrant title to the
      Lease
      Acreage, nor does SELLER make any representation with regard to any presence
      or
      lack of federal jurisdiction and/or regulation of the Lease Acreage, but SELLER
      will, upon request, furnish to PURCHASER a copy of such title documents and
      relevant papers concerning the Lease Acreage as SELLER has in its files,
      including without limitation the Baxter Bledsoe Lease itself. SELLER shall
      have
      no obligation to furnish to PURCHASER new or supplemental abstracts of title
      or
      to do any curative work in connection with the title to the Lease Acreage,
      or in
      connection with the Baxter Bledsoe Lease or any other contracts affecting the
      Lease Acreage, that are not already in SELLER’S files. PURCHASER shall furnish
      to SELLER a copy of any title opinion covering the Lease Acreage, if such is
      obtained or acquired by PURCHASER.

    

    

    ARTICLE
      III - LEASE ASSIGNMENT 

    

    Upon
      PURCHASER’S remittance of Acquisition Payment to SELLER, SELLER shall execute
      and deliver to PURCHASER a recordable assignment of: (a) one-hundred percent
      (100%) working interest in and to the oil, gas and associated hydrocarbons
      in
      the Lease Acreage; and (b) an associated sixty-eight (68%) net revenue interest
      in the Lease Acreage. A copy of the Assignment of Oil, Gas and Mineral Lease
      to
      be executed by SELLER and delivered to PURCHASER upon PURCHASER’S remittance of
      the Acquisition Payment is provided in Exhibit C to this Agreement.

    

    Such
      assignment shall be made without any warranty whatsoever, either express or
      implied, except by, through and under this Agreement. Such assignment shall
      be
      subject to the limitations, restrictions, terms, conditions, exceptions,
      reservations and covenants set forth in this Agreement, the Baxter Bledsoe
      Lease
      and all other instruments of record affecting the Lease Acreage. Upon
      assignment, PURCHASER will solely be responsible for the payment of all costs
      and capital expenditures necessary to drill and complete, or plug and abandon
      wells drilled by PURCHASER on Lease Acreage. 

    

    
      
        
          
          

        

        
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            2
            -

          
            

          

        

        
          
          

        

      

    

    

    ARTICLE
      IV - DRILLING AND PLUGGING AND ABANDONMENT PROVISIONS

     

    The
      entire cost, risk and expense of drilling, testing, completing, interconnecting
      and/or plugging and abandonment of any well drilled in the Lease Acreage shall
      be borne exclusively by PURCHASER. 

    

    (i)   Each
      well
      drilled and/or plugged and abandoned by PURCHASER shall be in compliance with
      all applicable rules, orders, regulations and laws of state, local or federal
      authorities, including without limitation environmental and pollution control
      laws and regulations, and in accordance with generally accepted drilling
      practices in the oil & gas industry. 

    

    (ii)   PURCHASER
      shall conduct all drilling and other operations on Lease Acreage in a good
      and
      workmanlike manner and as such drilling and other operations would be conducted
      by a reasonably prudent operator, including adherence to all obligations and
      notices provided for in the Baxter Bledsoe Lease. 

    

    (iii)   PURCHASER
      further agrees to fill in all pits which may be dug in connection with any
      drilling operations of PURCHASER on Lease Acreage, and to restore the surface
      of
      the portions of the Lease Acreage where such drilling operations are conducted
      as nearly as possible to their original condition.

    

    (v)   During
      all drilling operations conducted, PURCHASER will exercise its best efforts
      to
      protect all fresh water sands by utilizing a cementing procedure that is
      designed to ensure there will be no communication with and/or within fresh
      water
      sands, regardless of whether the applicable well is completed as a producing
      well or is plugged and abandoned.

    

    

    ARTICLE
      V - 
      MINIMUM ROYALTY, DELAY RENTALS AND SHUT-IN PAYMENTS

    

    PURCHASER
      acknowledges and hereby agrees, from and after the date hereof and until
      expiration of the Baxter Bledsoe Lease to pay annual minimum royalty amounts,
      delay rentals, shut-in well payments and any other Lease payments, as and to
      whom required, which may be due or which may come to be due under the terms
      of
      the Lease.

    

    

    ARTICLE
      VI - INDEMNITY

    

    PURCHASER
      shall defend, indemnify and hold SELLER, its representatives, officers,
      directors, agents, employees and invitees harmless from and against any and
      all
      third party claims, liens, demands, costs, loss, liability, or damage suffered
      by SELLER (including attorney’s fees, litigations costs and investigation
      costs), arising out of PURCHASER’S operations, or operations conducted by
      persons in a contractual relationship with PURCHASER, plugging and abandoning
      any wells, PURCHASER’S use and disposal of produced water, wastes or substances
      associated with operations on the Lease Acreage. PURCHASER’S obligations under
      this Article VI are continuing obligations that shall continue in effect and
      that shall be enforceable by SELLER for a period of two (2) years after the
      expiration of the Baxter Bledsoe Lease. 

    

    
      
        
          
          

        

        
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            3
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    ARTICLE
      VII - NOTICES

    

    All
      notices authorized or required by the terms of this Agreement shall be given
      in
      writing by personal delivery, express mail, facsimile or other delivery service,
      return receipt requested and postage or charges prepaid, and addressed to the
      party to whom the notice is given at the address listed below. The notice
      required under any provision hereof shall be deemed given only when received
      by
      the party to whom such notice is directed, and the time for such party to give
      any notice in response thereto shall run from the date the originating notice
      is
      received. A party shall be deemed to have received notice when such written
      notice is delivered to the address of the party to be notified as stated below
      (or as subsequently changed by proper notification) or to the facsimile of
      such
      party. Each party shall have the right to change its address at any time or
      from
      time to time by giving written notice thereof to the other party.

    

    SELLER

    CODEAMERICA
      INVESTMENTS, LLC

    8900
      Germantown Road, Suite 100

    Olive
      Branch, MS 38654

    Attn:
      Mr.
      Milton Cox

    Telephone:
      (662) 890-7379

    Fax
      :
      (662) 893-7883

    

    PURCHASER
      

    WHARTON
      RESOURCES LP

    519
      Heights Blvd.

    Houston,
      TX 77007

    Attn:
      Mr.
      Michael V. Grover,

    Registered
      Agent

    Telephone:
      (713) 225-6511

    Fax
      :
      (713) 225-5100

    

    

    ARTICLE
      VIII - GOVERNING LAW

    

    This
      Agreement shall be construed under and in accordance with the laws of the State
      of Texas.

    

    

    ARTICLE
      IX
      - MISCELLANEOUS

    

    
      	
            	(a)	
              INDIVIDUAL
                RESPONSIBILITIES

            

    

    

    The
      duties, obligations, and liabilities of the parties hereto are intended to
      be
      severable and not joint or collective. This Agreement is not intended to create,
      and shall not be construed to create an association or trust, a mining or other
      partnership or association for profit, joint venture or agency relationship,
      or
      to render the parties liable for acts, either of commission or omission, of
      any
      parties hereto. Each party hereto shall be individually responsible for its
      own
      obligations as herein provided.

     

    

    
      	
            	(b)	
              ASSIGNMENT

            

    

    

    This
      Agreement may be assigned by PURCHASER without consent of SELLER, so long as
      the
      party receiving assignment has the financial and technical capability and
      capacity to perform and meet all obligations under this Agreement. 

    

    
      
        
          
          

        

        
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            4
            -

          
            

          

        

        
          
          

        

      

    

    

    
      	
            	(c)	
              EFFECT
                OF AGREEMENT

            

    

    

    This
      Agreement and the Exhibits attached hereto and made a part hereof will inure
      to
      the benefit of and be binding upon the parties, their successors and assigns.
      

    

    
      	
            	(d)	
              COUNTERPARTS

            

    

    

    This
      Agreement may be executed in multiple counterparts, each of which constitute
      the
      one and the same legal instrument.

    

    
      	
            	(e)	
              HEADINGS

            

    

    

    The
      headings used in this Agreement and for convenience of reference only and shall
      not be used for purposes of construing or interpreting this
      Agreement.

    

    
      	
            	(f)	
              ENTIRE
                AGREEMENT

            

    

    

    This
      Agreement constitutes the complete and entire understanding between SELLER
      and
      PURCHASER with respect to the subject matter hereof, and supersedes any and
      all
      previous representations and agreements, whether oral or written, regarding
      the
      subject matter of this Agreement.

    

    
      	
            	(g)	
              TIME
                OF THE ESSENCE

            

    

    

    Time
      shall be of the essence in the performance of the parties’ obligations under
      this Agreement.

    

    IN
      WITNESS WHEREOF, the parties hereto have executed this Agreement effective
      as
      the 1st
      day of
      February 2006 the day and year first above written.

    

    

    
      	
              SELLER

            	 	
              PURCHASER

            
	 	 	 	 	 
	
              CODEAMERICA
                INVESTMENTS, LLC

            	 	
              WHARTON
                RESOURCES 

            
	 	 	 	 	 
	 	 	 	 	 
	
              By:

            	
              /
                s / W. Milton Cox 

            	 	
              By:

            	
              /
                s / Don Sytsma

            
	 	
              Wm.
                Milton Cox

            	
            	
               

            	
              Don
                L. Sytsma

            
	 	
              Chairman
                and CEO

            	 	
               

            	
              Director
                & CFO

            

    

    

    
      
        
          
          

        

        
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            5
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    EXHIBIT
      “A” TO

    PURCHASE
      AND SALE AGREEMENT DATED FEBRUARY 1, 2006

    CODEAMERICA
      INVESTMENTS, LLC (“SELLER”), and

    WHARTON
      RESOURCES LP (“PURCHASER”)

    

    BAXTER
      BLEDSOE PROSPECT

    CLAY
      COUNTY, KENTUCKY

    

    

    OIL
      AND GAS LEASE SUBJECT TO AGREEMENT:

    

    
      	1.  	
              Oil
                and Gas Lease between Baxter Bledsoe, Jr. as Lessor, and CodeAmerica
                Investments, LLC, as Lessee, dated July 15, 2005.
                

            

    

    

    Lease
      covers 2,200 acres of land, more or less, of record in Deed Book 192 Page 602,
      records of the Clay County Clerk’s office which is primarily oil and gas rights
      but not to include surface rights for most of the property. The location of
      said
      2,200 acres of land, more or less, is estimated as depicted on plat marketed
      Exhibit “B” attached hereto and made a part hereof.

     

    
      
        
          
          

        

        
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            6
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    EXHIBIT
      “B” TO

    PURCAHSE
      AND SALE AGREEMENT DATED FEBRUARY 1, 2006

    CODEAMERICA
      INVESTMENTS, LLC (“SELLER”), and

    WHARTON
      RESOURCES LP (“PURCHASER”)

     

    

     

    
      
        
          
          

        

        
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            7
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    EXHIBIT
      “C” TO

    PURCHASE
      AND SALE AGREEMENT DATED FEBRAURY 1, 2006

    CODEAMERICA
      INVESTMENTS, LLC (“SELLER”), and

    WHARTON
      RESOURCES LP (“PURCHASER”)

    

    

    ASSIGNMENT
      OF OIL, GAS AND MINERAL LEASE

    BAXTER
      BLEDSOE PROSPECT

    CLAY
      COUNTY, KENTUCKY

    

    

    THE
      STATE OF KENTUCKY §
      

    

    COUNTY
      OF CLAY §
      

    

     

    This
      ASSIGNMENT OF OIL GAS AND MINERAL LEASE made effective this 1st
      day of
      February, 2006, by and between CODEAMERICA INVESTMENTS, LLC, with
      offices located at 8900 Germantown Rd., Suite 100, Olive Branch, Mississippi
      38654, hereinafter called “Assignor”, and WHARTON RESOURCES LP with offices at
      519 Heights Boulevard, Houston, Texas 77007, hereinafter called “Assignee”,

     

    WITNESSETH:

     

    ASSIGNMENT.
      For and in consideration of the sum of Ten Dollars ($10.00) and other good
      and
      valuable consideration herein paid by Assignee, the receipt and sufficiency
      of
      which is hereby acknowledged, Assignor, subject to any reservations and
      conditions hereinafter set out, hereby ASSIGNS AND TRANSFERS unto Assignee
      the
      following described oil, gas and mineral lease, and the oil, gas and mineral
      leasehold estate created there-under, affecting lands in Clay County, Kentucky,
      to wit. 

     

    1.
      Oil
      and Gas Lease between Baxter Bledsoe, Jr., as Lessor and CodeAmerica Investments
      LLC, as Lessee recorded in Deed Book 192, Page 602, of the Official Records
      of
      Clay County, Kentucky. 

     

     

    TO
      HAVE
      AND TO HOLD the above described oil, gas and mineral lease and the oil, gas
      and
      mineral estate created thereby, insofar as it covers the said tracts of land,
      unto the said Assignee, together with all and singular, the rights and
      appurtenances thereto in anywise belonging, forever; and Assignor does not
      bind
      itself, its heirs, administrators, executors and assigns, to the extent
      hereafter indicated, to WARRANT and FOREVER DEFEND all and singular the said
      oil, gas and mineral lease and the oil, gas and mineral leasehold estate created
      thereby. This Assignment covers the said tracts of land, unto the said Assignee,
      his heirs and assigns, against every person whomsoever claiming or to claim
      the
      same or any part thereof (except as to any reservation hereinafter contained)
      by
      through and under Assignor, but not otherwise, and to the extent that the
      assignment herein made transfers and assigns a 100% working interest and an
      associated 68% net revenue interest (68% of
      8/8 of
      all the oil, gas and other minerals that may be produced and saved from the
      lands covered by the oil, gas and mineral lease assigned herein

    

    
      
        
          
          

        

        
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            8
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    Without
      limitation or expansion of the foregoing special warranty of title, Assignor
      warrants that:

     

    (1)
      The
      net oil, gas and mineral leasehold estate herein conveyed (after deduction
      of
      royalty, overriding royalty, and other royalty) is a Sixty-Eight Percent (68%)
      net revenue interest;

     

    (2)
      That
      all rentals and royalties currently payable under the leases have been
      paid;

     

    (3)
      That
      the lease is in full force and effect, and is valid and subsisting oil, gas
      and
      mineral lease against the said tracts of land; and

     

    (4)
      That
      Assignor has the corporate right and authority to sell and convey the same.
      

    

     

    IN
      WITNESS WHEREOF, this Assignment of Oil, Gas and Mineral Leases is EXECUTED
      effective this ____ day of ___________ 200__. 

     

    

    
      	 	
               

            	 
	 	
              CodeAmerica
                Investments, LLC

            	 
	 	
              “Assignor”

            	 

    

     

     

    ACKNOWLEDGEMENTS
      

     

     

    This
      instrument was executed and acknowledged before me on this _____ day
      of
      _______by: 

     

    Wm.
      Milton Cox, Chairman and CEO, CodeAmerica Investments, LLC. 

     

    
      	 	
               

            	 

    

     

     

     -
      9 -Exhibit 10.3

    
      

    

    

    Exhibit
      - Georgia Exploration, Inc. Form 10-QSB

     

    10.3   
      Agreement
      between Wharton Resources LP and Orbit Energy, LLC effective September 1, 2006
      for the development of the Mound Branch Prospect in Elk County, Kansas.

    

    

    MOUND
      BRANCH PROSPECT

    DEVELOPMENT
      AGREEMENT

    ELK
      COUNTY, KANSAS

     

     

    
      
        	
                STATE
                  OF: KANSAS

              	 	
                §

              	 	
                RE:
                  MOUND BRANCH PROSPECT

              
	 	 	
                §

              	 	 
	
                COUNTY
                  OF: ELKk

              	 	
                §

              	 	 

      

    

    

     

    THIS
      AGREEMENT (the “Agreement”) is made and entered into effective the 1st
      day of
      September 2006 (the “Effective Date”), by and between Wharton
      Resources LP, a
      Texas
      Limited Partnership, hereinafter called “Wharton”,
      and
Orbit
      Energy, LLC,
      a
      Nevada Limited Liability Company, hereinafter called the “Orbit”.
      Wharton and Orbit are
      collectively referred herein as the “Parties”,
      and
      singularly, a “Party”.

     

    WHEREAS:

     

    (a)   Orbit
      and/or its principals hold certain oil and gas leases in Elk County, Kansas
      totaling approximately 8,800+- acres as described in Exhibit “A” attached
      hereto;

     

    (b)   The
      lands
      associated with the leases described in Exhibit “A”, any additional leases
      acquired that expands or extents the lease acreage under the oil and gas leases
      described in Exhibit “A”, and any acreage acquired or contiguous to the proposed
      Mound Branch Gathering System, all which are hereinafter referred to as the
      “Area of Mutual Interest” (the “AMI”), all as presented in Exhibit
“B”;

     

    (c)   Based
      on
      results to date, Orbit has determined that additional testing and evaluation
      of
      the AMI is warranted; 

     

    (d)   Wharton
      desires to participate in the further evaluation and assessment of the AMI,
      and
      based on the outcome from such evaluations, may have an interest to participate
      in the Mound Branch Infrastructure and Reserve Development Program;

     

    (e)   Wharton
      is willing to contribute funding necessary to effect and progress additional
      testing and evaluation of the AMI; and

    

    
      
        
          
          

        

        
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    (f)   Based
      on
      the conclusions reach from such testing and evaluation, Parties desire to enter
      into good faith negotiations to develop a definitive purchase and sale agreement
      for:

     

    
       

      
        	 	
                (i)

              	
                the
                  oil and gas leases identified in Exhibit “A”,

              

      

    

     

    
      	 	
              (ii)

            	
              any
                additional acres that may be acquired in the AMI (including acreage
                associated with the proposed Mound Branch Gathering Line) as identified
                in
                Exhibit “B”; and

            

    

     

    
      	 	
              (iii)

            	
              existing
                well bores that have been drilled to date (8 wells) on the AMI lease
                acreage including a quantification of the fair value of the Mound
                Branch
                leases and existing well bores that would be subject to the purchase
                and
                sale agreement. 

            

    

     

    PARTIES
      NOW THEREFORE AGREE:

     

    
      	 	
              1.

            	
              Wharton
                will remit payment to Orbit totaling one hundred thousand dollars
                ($100,000) (the “Initial Payment”) on the Effective Date of this
                Agreement, for Orbit’s use in conducting additional testing and
                evaluations of the AMI;

            

    

     

    
      	 	
              2.

            	
              The
                Initial Payment made by Wharton to Orbit shall be applied against
                the
                purchase and sale price for the AMI negotiated pursuant to a definitive
                purchase and sale agreement;

            

    

     

    
      	 	
              3.

            	
              Orbit
                shall conduct all testing and evaluations of the AMI within ninety
                days
                (90) of the Effective Date of this
                Agreement;

            

    

     

    
      	 	
              4.

            	
              Orbit
                shall give Wharton a minimum of twenty-four hour (24) notice of any
                tests
                to be performed on the AMI, and Wharton shall have the right to witness
                and observe the testing procedures, if it so
                elects;

            

    

     

    
      	 	
              5.

            	
              Whether
                witnessed or not, Orbit shall provide Wharton with the results and
                conclusions of all evaluations and tests performed with twenty-four
                hours
                (24) of Orbit’s receipt of such
                materials;

            

    

     

    
      	 	
              6.

            	
              Parties
                agree to use best efforts in the development of a definitive purchase
                and
                sale agreement for all lease acreage within the AMI, and for existing
                wells bores drilled to date in the
                AMI;

            

    

     

    
      	 	
              7.

            	
              In
                the development of a purchase and sale agreement, Parties agree to
                use
                good faith in the formulation of a fair value for the acreage, wells
                and
                any associated reserves to be acquired by Wharton from Orbit pursuant
                to a
                definitive purchase and sale agreement;

            

    

    

    
      
        
          
          

        

        
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              8.

            	
              Shall
                Parties be unable to mutually agree on the fair value of the purchase
                and
                sale transaction, Parties agree to engage an independent third party,
                acceptable to both Parties, to make a fair market value appraisal
                of the
                assets subject to the purchase and sale
                agreement;

            

    

     

    
      	 	
              9.

            	
              Parties
                agree to use the fair value developed in the appraisal by the independent
                third party for the definitive purchase and sale agreement to be
                formulated between Parties;

            

    

     

    
      	 	
              10.

            	
              Wharton’s
                rights under this Agreement shall be exclusive, and for one-hundred
                fifty
                days (150) after the Effective Date of this Agreement, Orbit agrees
                not to
                initiate, solicit or consider any other offers associated with the
                AMI and
                any/or other tangible or intangible assets covered by or included
                in the
                AMI, and Orbit agrees to provide written notification to Wharton
                of any
                such solicitations or offers within twenty-four (24) hours of its
                receipt
                of such;

            

    

     

    
      	 	
              11.

            	
              Orbit
                may not assign this Agreement, without Wharton’s consent which may not be
                unreasonably withheld. Wharton may assign this Agreement without
                Orbit’s
                consent, in so much as the assignment is related to a merger or other
                transaction entered into by Wharton to effect
                financing;

            

    

     

    
      	 	
              12.

            	
              Orbit
                shall indemnify Wharton and its representatives, officers, directors,
                agents, employees harmless from any and all third party claims, liens,
                and
                demands arising out of Orbit’s operations in the
                AMI;

            

    

     

    
      	 	
              13.

            	
              Orbit
                shall maintain insurance to cover all its activities in and on the
                AMI
                that would be reasonable and customary in the U.S. oil and gas
                industry;

            

    

     

    
      	 	
              14.

            	
              This
                Agreement shall be construed under and in accordance with the laws
                of the
                State of Texas;

            

    

     

    
      	 	
              15.

            	
              All
                Parties duties, obligations and liabilities hereto intended under
                this
                Agreement shall be severable, and not joint or
                collective;

            

    

     

    
      	 	
              16.

            	
              This
                Agreement may be executed in multiple counterparts, each of which
                constitute one and the same legal
                instrument;

            

    

     

    
      	 	
              17.

            	
              This
                Agreement is the entire agreement between Parties with respect to
                the
                subject matter hereof, and replaces or supersedes any and all previous
                agreement with oral or written between
                Parties.

            

    

     

    
      
        
          
          

        

        
          3
            / 9

          
            

          

        

        
          
          

        

      

    

     

    
      IN
        WITNESS WHEREOF,
        the
        Parties hereto have executed this Agreement effective as of the above Effective
        Date written.

       

    

    
      	
              ORBIT
                ENERGY, LLC

            	 
	 	 	 
	
              By:  
                

            	
              /
                s
                / Greg A. Thompson

            	 
	 	 	 
	
              Title: 
                

            	
              President
                / Manager

            	 
	 	 	 
	 	 	 
	
              WHARTON
                RESOURCES LP 

            	 
	 	 	 
	
              By: 
                

            	
              /
                s
                / Don Sytsma

            	 
	 	 	 
	
              Title: 
                

            	
              Director
                & CFO

            	 

    

     

    
      
        
          
          

        

        
          4
            / 9

          
            

          

        

        
          
          

        

      

    

    

    Exhibit
      A

    Mound
      Branch Lease
      Calender

    
      
        

        
          	
                  Lessor

                	 	
                  Lease
                    Date /

                	 	 	 	
                  Royalty

                	 	
                  HBP

                	 	
                  Number
                    of Acres

                	 	
                  Legal
                    Discription 

                	 	
                  County

                	 	
                  State

                
	 	 	
                  Lease
                    Exp. Date

                	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Bellar
                    Family Farm, LLC 

                	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  12/10/2005 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	
                  no 

                	 	
                  Total
                    Acres 125 

                	 	
                  Township
                    30 South , Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  12/10/2008 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    29: E/2NE/4,
                    NE/4SE/4, N/2SE/4SE/4

                  
                    Lying
                      North of County Rd 

                  

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                   

                	 	 	 	 
	
                  Eugene
                    R. & Catherine S. Perkins 

                	 	 	 	 	 	 	 	 	 	
                  Total
                    Acres 320 

                	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  2/11/2006 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Lease
                    (1) 160 

                	 	
                  Township
                    30 South , Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  2/11/2009 

                	 	 	 	 	 	 	 	
                   

                	 	
                  Section
                    18: NE/4 

                	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  2/11/2006 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Lease
                    (2) 160 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  2/11/2009 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    18: E/2SW/4,
                    W/2SE/4 

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                   

                	 	 	 	 
	
                  Tom
                    &
                    Angela
                    Russell, 
                    

                  Preston
                    &
                    Christina
                    Jones 

                	 	 	 	 	 	 	 	 	 	
                  Total
                    Acres 563 

                	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  2/25/2006 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Lease
                    (1) 280 

                	 	
                  Township
                    30 South , Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  2/25/2009 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    21: NE/4NW/4,
                    lying East of County RD, NE/4  Section
                    22: W/2SW/4, SW/4NW/4 

                	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  2/25/2006 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Lease
                    (2) 283 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  2/25/2009 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    15: SW/4 

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                  Section
                    22: N/2NW/4, SE/4NW/4 

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Howard
                    E. & Debbie J. Unruh 

                	 	 	 	 	 	 	 	 	 	
                   

                	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  2/25/2006 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Total
                    Acres 200 

                	 	
                  Township
                    30 South, Range 11 East of 6th P.M. 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date 

                	 	
                  2/25/2009 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    21: SE/4, NE/4SW/4, SE/4SW/4 

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Alvin
                    V. Schibbelhute 

                	 	 	 	 	 	 	 	
                  no 

                	 	
                  Total
                    Acres 400 

                	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  10/1/2005 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	 	 	
                  Lease
                    (1)
                    -
                    240 Acres 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date- 

                	 	
                  10/1/2008 

                	 	 	 	 	 	 	 	
                   

                	 	
                  Section
                    12: SE/4, E/2SW/4 

                	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  10/1/2005 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	
                  n/a 

                	 	
                  Lease
                    (2) - 160 Acres 

                	 	
                  Township
                    30 South, Range 12 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date- 

                	 	
                  10/1/2008 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    7: SW/4 

                	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  David
                    Denton 

                	 	 	 	 	 	 	 	 	 	
                  Total
                    Acres 640 

                	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  10/13/2005 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	
                  n/a 

                	 	
                  Lease
                    (1)
                    -
                    320 Acres 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date- 

                	 	
                  10/13/2008 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    16: N/2 

                	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  10/13/2005 

                	 	
                  3
                    years 

                	 	 	 	
                  n/a 

                	 	
                  Lease
                    (2) - 320 Acres 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date- 

                	 	
                  10/13/2008 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    16: S/2 

                	 	 	 	
                   

                
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Dennis
                    Bryan 

                	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                  Lease
                    Date- 

                	 	
                  9/6/2005 

                	 	
                  3
                    years 

                	 	
                  1/8 

                	 	
                  n/a 

                	 	
                  Total
                    Acres 80 

                	 	
                  Township
                    30 South, Range 11 East 

                	 	
                  Elk

                	 	
                  KS 

                
	
                  Lease
                    Exp. Date- 

                	 	
                  9/6/2008 

                	 	 	 	 	 	 	 	 	 	
                  Section
                    19: E/2NE/4 

                	 	 	 	 

        

         

        
          
            
            

          

          
            5
              / 9

            
              

            

          

          
            
            

          

        

         

        Exhibit
          A

        Mound
          Branch Lease
          Calender

         

        
          
            	
                    Robert
                      Adams 

                  	 	 	 	 	 	 	 	 	 	
                    Total
                      Acres 920 

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years

                  	 	
                    1/8 

                  	 	
                    n/a

                  	 	
                    Lease
                      (1) 160 Acres 

                  	 	
                    E/2
                      NW/4, W/2 NE/4, Sec32 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    T30S-R11E,
                      Elk County, Kansas 

                  	 	 	 	
                     

                  
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (2) 160 Acres 

                  	 	
                    Township
                      30 South Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      35: NE/4 

                  	 	 	 	
                     

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    
                      Robert,
                        Lakin, Linda Adams

                      Alice
                        M. & Marion Brunetti

                    

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (3)- 240 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      27: E/2SW/4, SE/4

                  	 	 	 	 
	 	 	
                     

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    
                      
                        
                          
                            
                              Robert,
                                Lakin, Linda Adams 

                              Alice
                                M. & Marion Brunetti

                            

                          

                        

                      

                    

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (4)- 80 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      35: W/2NW/4 

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Robert
                      A., Larkin & Linda T. Adams

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (5)- 120 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      23: SE/4SE/4 

                  	 	 	 	
                     

                  
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Robert
                      A., Larkin & Linda T. Adams 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/17/2005 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (6) 160 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    10/17/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      25: N/2NW/4 

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Phyllis
                      A. & Neal F. Osborn Trustees of the

                    Phyllis
                      A. Osborn Trust 

                  	 	 	 	 	 	 	 	 	 	
                    Total
                      Acres 640 

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    3/16/2006 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (1) 240 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    3/16/2009 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      15: W/2SE/4 

                  	 	 	 	
                     

                  
	 	 	 	 	 	 	 	 	 	 	 	 	
                    Section
                      22: NE/4 

                  	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    3/16/2006 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (2) 160 Acres 

                  	 	
                    Township
                      30 South Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp Date- 

                  	 	
                    3/16/2009 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      27: NE/4 

                  	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    3/16/2006 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (3) 240 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp Date- 

                  	 	
                    3/16/2009 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      22: SE/4, E/2SW/4 

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    M.
                      Ruth Royse, Trustee of the M. Ruth Royce

                  	 	
                     

                  	 	 	 	 	 	 	 	
                    Total
                      Acres 640 

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    3/20/2006 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (1) 320 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    3/20/2009 

                  	 	
                     

                  	 	 	 	 	 	 	 	
                    Section
                      10: W/2 

                  	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    3/20/2006 

                  	 	
                    3
                      years 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (2) 320 Acres 

                  	 	
                    Township
                      30 South, Range 11 East 

                  	 	
                    Elk 

                  	 	
                    KS 

                  
	
                    Lease
                      Exp. Date- 

                  	 	
                    3/20/2009 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      10: E/2 

                  	 	 	 	 

          

           

          
            
              
              

            

            
              6
                / 9

              
                

              

            

            
              
              

            

          

           

          Exhibit
            A

          Mound
            Branch Lease
            Calender

           

          
            	
                    Carl
                      A. Linder & Betty Under 

                  	 	 	 	 	 	 	 	 	 	
                    Total
                      Acres 320

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    1/21/2004 

                  	 	
                    3
                      years

                  	 	 	 	 	 	
                    Lease
                      (1)- 160 Acres

                  	 	
                    Township
                      31 South, Range 9 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    1/21/2007 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      32 SE/4

                  	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    1/21/2004 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (2)- 160 Acres

                  	 	
                    Township
                      31 South, Range 9 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    1/21/2007 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      32: SW/4

                  	 	 	 	 
	 	 	
                     

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Roland
                      G.
                      & Carol
                      M. Jordan 

                  	 	 	 	 	 	 	 	 	 	
                    Total
                      Acres 480

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    12/24/2003 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (1)- 160 Acres

                  	 	
                    Township
                      31 South, Range 9 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    12/24/2006 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      30: SE/4NE/4, NE/4SE/4, S/2SE/4

                  	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    12/24/2003 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (2)- 320 Acres

                  	 	
                    Township
                      31 South, Range 9 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    12/24/2006 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      29: E/2NW/4, SW/4NW/4, SW/4
                      Section
                      32: SE/4NW/4

                  	 	 	 	 
	
                     

                  	 	
                     

                  	 	 	 	 	 	 	 	 	 	
                     

                  	 	 	 	 
	
                    Dale,
                      Charles E., Charles Edward & Eva
                      Neucker

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    1/30/2004 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Total
                      Acres 80

                  	 	
                    Township
                      31 South, Range 9 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    1/30/2007 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      29: NW/4NW/4 
                      Section
                      30: NE/4NE/4

                  	 	 	 	 
	
                     

                  	 	 	 	 	 	 	 	 	 	 	 	
                     

                  	 	 	 	 
	
                    Babst
                      Family Limited Partnership 

                  	 	 	 	 	 	 	 	 	 	
                    Total
                      Acres 2524.1

                  	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/22/2005 

                  	 	
                    1
                      year 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (1)
                      -
                      649.55 Acres

                  	 	
                    Township
                      30 South, Range 12 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    10/22/2006 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      30: Lots 1,2,3,4 E2,a/d/a All lying
                      East County (12 Ac.)

                  	 	 	 	 
	
                     

                  	 	
                     

                  	 	 	 	 	 	 	 	 	 	
                     

                  	 	 	 	 
	
                    Babst
                      Family Limited Partnership 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/22/2005 

                  	 	
                    1
                      year 

                  	 	
                    1/8 

                  	 	 	 	
                    Lease
                      (2) - 239.34 Acres

                  	 	
                    Township
                      30 South, Range 12 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    10/22/2006 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      31: Lot 1 (39.34), NE/4NW/4,

                    N/2NE/4,
                      a/d/aN/2N/2

                    Section
                      32: N/2NW/4

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                     

                  	 	 	 	 
	
                    Babst
                      Family Limited Partnership 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/22/2005 

                  	 	
                    1
                      year 

                  	 	 	 	 	 	
                    Lease
                      (3) - 626.60 Acres

                  	 	
                    Township
                      30 South, Range 12 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    10/22/2006 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      18: Lots 1,2,3,4

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	
                    E/2W/2,
                      E/2, a/d/a All

                  	 	 	 	 
	
                    Babst
                      Family Limited Partnership 

                  	 	
                     

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/22/2005 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (4) - 320 Acres

                  	 	
                    Township
                      30 South, Range 12 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    10/22/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      29: W/2

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Babst
                      Family Limited Partnership 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Date- 

                  	 	
                    10/22/2005 

                  	 	
                    3
                      years 

                  	 	 	 	 	 	
                    Lease
                      (5) - 688.61 Acres

                  	 	
                    Township
                      30 South, Range 12 East

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Exp. Date 

                  	 	
                    10/22/2008 

                  	 	 	 	 	 	 	 	 	 	
                    Section
                      19: Lots 1,2,3,4

                    E/2,
                      a,d,a All (632.11 Ac.)

                    Township
                      30 South, Range 11 East

                    Section
                      24: All that part of the SE/4NE/4,

                    E/2SE/4
                      lying East of County
                      Road ( 56.5 Ac )

                  	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Margaret
                      P. Tidwell 

                  	 	
                    7/13/2005 

                  	 	
                    1
                      year 

                  	 	 	 	 	 	
                    Total
                      Acres 959

                  	 	
                    Section
                      29, 30 Various

                  	 	
                    Elk

                  	 	
                    KS

                  
	
                    Lease
                      Date- 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                    Lease
                      Exp. Date 

                  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

          

          

            
              
                
                

              

              
                7
                  /
                  9

                
                  

                

              

              
                
                

              

            

          

        

      

    

    
       

      Exhibit
        B

    

     

    

    

    
      
        
          
          

        

        
          8
            /
            9

          
            

          

        

        
          
          

        

      

    

    

    MOUND
      BRANCH PROSPECT

    DEVELOPMENT
      AGREEMENT

    ELK
      COUNTY, KANSAS

    

    

    First
      Amendment

     

    The
      Mound
      Branch Prospect Development Agreement between Wharton Resources LP and Orbit
      Energy, LLC made effective the 1st
      day of
      September 2006 (the “Agreement”) is amended and modified as
      follows:

     

    Section
      10 - is amended to provide:

     

    During
      the one-hundred fifty day (150) exclusive period beginning with the Effective
      Date of this Agreement and continuing through February 1, 2007 (hereinafter
      referred to as the “Lock-Up Period”), Wharton is responsible for any lease
      renewal, minimum royalty, and other associated costs of drilling and testing
      the
      wells, or other similar payment obligation(s) associated with and/or arising
      from any lease acreage covered by the AMI under the Agreement. Such payments
      made by Wharton during the Lock-Up Period will be applied against the purchase
      and sale price for the AMI to be negotiated in connection with a definitive
      purchase and sale agreement between Parties. 

     

    The
      Agreement as amended and modified is in all other things confirmed, ratified
      and
      acknowledged by Parties to be in full force and effect. 

     

    This
      First Amendment shall extend to and be binding upon the Parties hereto, their
      heirs, successors, assigns and legal representatives as of the Effective Date
      of
      this Agreement. 

    

    
      	
              ORBIT
                ENERGY, LLC

            	 
	 	 	 	 
	 	 	 	 
	
              By: 
                

            	
              /
                s
                / Greg A. Thompson

            	 	 
	 	 	 	 
	 	 	 	 
	
              Title:  
                

            	
              President
                / Manager

            	
              11/13/06

            	 
	 	 	
              Date

            	 
	 	 	 	 
	
              WHARTON
                RESOURCES LP 

            	 
	 	
               

            	 	 
	
              By: 
                

            	
              /
                s
                / Don Sytsma

            	 	 
	 	 	 	 
	 	 	 	 
	
              Title:  
                

            	
              CFO
                

            	
              11/13/06

            	 
	 	 	
              Date

            	 

    

     

     

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