Document:

Exhibit 10.1

                         Agreement to Distribute Assets
                         ------------------------------

     This Agreement to Distribute  Assets (the  "Agreement") is made and entered
into by and among TCTB PARTNERS,  LTD.  ("TCTB  Partners" or the  "Partnership")
TCTB  COMPANY,  INC,  a  Texas  corporation  ("TCTB  Company"  or  the  "General
Partner"),  and DALE A. BROWN,  CARY D.  BROWN,  (collectively  "Brown")  MCGRAW
BROTHERS INVESTMENTS,  a Texas general partnership,  ("McGraw") AMEN PROPERTIES,
INC.,  a Delaware  corporation  ("Amen"),  KYLE  STALLINGS  ("Stallings"),  JOHN
NORWOOD ("Norwood"), and JON MORGAN ("Morgan") as limited partners (the "Limited
Partners"),  (the Limited Partners and General Partner are collectively referred
to herein as the "Partners").

                                   Recitations
                                   -----------

     The Partnership  currently owns the Bank of America building located at 303
W. Wall, Midland, Texas, (the "Bank of America Building");  the W Power Building
located at 310 W. Wall, Midland,  Texas (the "W Power Building") and the Bank of
America 12 lane drive thru facility  located at 400 N. Loraine,  Midland,  Texas
(the "Bank of America Drive Thru");  all of which are subject to various  leases
and  include   certain   personal   property   associated   with  the  buildings
(collectively, the "Property").

     The Partners  have agreed it is in their best  interest to  distribute  the
Property according to the sharing ratios of the Partners, subject to the debt.

     WELLS  FARGO  BANK  TEXAS,  N.A.  (the  "Bank")  has  agreed  to allow  the
distribution of assets subject its lien on the Property.

     Following the distribution of the Property,  the Partners desire to sell an
undivided  75%  interest  in  the  Property  to  Hampshire  Plaza  Garage,  LLC.
("Hampshire") and S.E.S. Investments, Ltd. ("SES") for $9,000,000.00, (Hampshire
and SES are collectively  referred to as "Purchasers") with such agreement being
memorialized in a separate purchase and sale agreement,  between  Purchasers and
TCTB  Partners as nominee for TCTB  Company,  Brown,  McGraw,  Stallings,  Amen,
Norwood and Morgan (the "Purchase and Sale Agreement").  The Partners agree that
all of the outstanding  debt to the Bank secured by the Property will be paid in
full at closing.

     Following  the sale of the Property,  Hampshire,  SES and the Partners will
jointly own and operate the Property.

     In order to facilitate the transaction set forth above and to save expenses
and legal fees, the  Partnership  will  distribute  beneficial  ownership of the
Property to the Partners, but transfer record title to an undivided 75% interest
in the  Property  directly  to the  Purchasers  on behalf of the  Partners.  The
Partnership  will  continue to hold record title to an undivided 25% interest in
the Property as nominee for the Partners  until the Partners and  Hampshire  and
SES agree on a method for efficiently managing and operating the property.

<PAGE>

NOW THEREFORE, the parties agree as follows:

1.   By  execution  of this  Agreement,  the  General  Partner is deemed to have
     distributed  beneficial  title to an undivided  interest in the Property to
     the Partners, free and clear of any debts owed to the Bank as follows:

     ---------------------------------------------------------
     TCTB Company                                 1.00000000%
     ---------------------------------------------------------
     Amen Properties, Inc.                          71.34801%
     ---------------------------------------------------------
     Dale A. Brown                                   4.12000%
     ---------------------------------------------------------
     Cary D. Brown                                   4.12000%
     ---------------------------------------------------------
     McGraw Brothers Investments                     8.24000%
     ---------------------------------------------------------
     Kyle Stallings                                  7.94580%
     ---------------------------------------------------------
     John Norwood/ Jon Morgan                        3.22619%
     ---------------------------------------------------------
     ---------------------------------------------------------
     TOTAL                                            100.00%
     ---------------------------------------------------------

2.   While beneficial title to the Property resides as set forth above, in order
     to facilitate  the closing,  the Partners agree that the  Partnership  will
     continue to hold record title to the  Property,  and then  transfer  record
     title to an undivided 75% interest in the Property  directly to Purchasers,
     with an undivided  65% being owned by Hampshire  and an undivided 10% being
     owned by SES.

3.   Pursuant  to the  terms of the  Purchase  and Sale  Agreement  to be signed
     contemporaneously  with this Agreement (the "Purchase and Sale Agreement"),
     Brown, McGraw, Stallings, Amen, Norwood and Morgan are selling an undivided
     74% interest in the  Property to  Hampshire in exchange for cash,  and TCTB
     Company is selling all of its interest for cash,  such that  following  the
     sale,  Hampshire  will own an undivided 65% interest in the  Property,  SES
     will own an  undivided  10%  interest  in the  Property  and the  Partners,
     excluding TCTB Company,  will own the remaining 25% interest.  The Partners
     hereby  authorize  TCTB  Partners  to  enter  into  the  Purchase  and Sale
     Agreement as nominee for the  Partners,  and agree that all  references  to
     Seller  shall be deemed to include the  interests of TCTB  Company,  Brown,
     McGraw, Stallings, Amen, Norwood and Morgan. Closing on the sale shall take
     place on or before  October 2,  2006.  The  proceeds  from the sale will be
     allocated as per the schedule set forth in paragraph 1 above.

<PAGE>

4.   This Agreement may be executed in any number of counterparts, each of which
     shall be deemed an original, but all of which together shall constitute one
     and the same instrument.

EXECUTED to be effective as of the 27th day of September, 2006.

ADDRESS:                                        NAME

303 W. Wall, Suite 2300                         TCTB Partners, Ltd.
Midland, Texas 79701                            By: TCTB Company, Inc.,
                                                    its sole general partner

                                                By:_____________________________
                                                   Jon Morgan, President

303 W. Wall, Suite 2300                         TCTB Company, Inc.
Midland, Texas 79701

                                                By:_____________________________
                                                   Jon Morgan, President

P.O. Box 5562
Midland, Texas 79704
                                                ________________________________
                                                   Dale A. Brown
P.O. Box 5562
Midland, Texas 79704
                                                ________________________________
                                                   Cary D. Brown

P.O. Box 7515                                   McGraw Brothers Investments
Midland, Texas 79708
                                                By:_____________________________
                                                   Kyle A. McGraw,
                                                   Managing General Partner

<PAGE>

303 W. Wall, Suite 2300                         Amen Properties, Inc.
Midland, Texas 79701

                                                By:_____________________________
                                                   Jon Morgan, President
P.O. Box 10217
Midland, Texas 79702
                                                   _____________________________
                                                   Kyle Stallings
303 W. Wall, Suite 1700
Midland, Texas 79701
                                                   _____________________________
                                                   John Norwood
303 W. Wall, Suite 1700
Midland, Texas 79701
                                                   _____________________________
                                                   Jon MorganExhibit 10.2

                               PURCHASE AGREEMENT
                               ------------------

     THIS PURCHASE  AGREEMENT  ("Agreement") is made as of September 29, 2006 by
and  between  TCTB  PARTNERS,  LTD,  a Texas  limited  partnership,  ("TCTB"  or
"Seller") as nominee for TCTB COMPANY,  a Texas  corporation,  AMEN  PROPERTIES,
INC., a Delaware  corporation,  DALE A. BROWN,  CARY D. BROWN,  MCGRAW  BROTHERS
INVESTMENTS,  a Texas general  partnership KYLE STALLINGS,  JOHN NORWOOD and JON
MORGAN (collectively the "Selling Partners"),  and Hampshire Plaza Garage, LLC.,
a New Hampshire limited liability company ("Hampshire") and S.E.S.  Investments,
Ltd., a Texas limited  partnership  ("SES")  (Hampshire and SES are collectively
referred to as "Purchaser").

     In consideration of this Agreement, Seller and Purchaser agree as follows:

     1. Sale of Subject  Property.  Subject  and  pursuant  to the terms of this
Agreement Seller agrees to sell, assign and transfer to Purchaser, and Purchaser
agrees to buy from Seller,  an undivided 75% interest in Seller's  right,  title
and  interest  in  and  to  the  following  property   (collectively,   "Subject
Property"),  an undivided 65% interest in the Subject  Property will be acquired
and owned by  Hampshire  and an undivided  10% interest in the Subject  Property
will be acquired and owned by SES:

          (a) Real  Property.  Fee simple  interest in those certain  parcels of
     real estate known as the Bank of America Building,  located at 303 W. Wall,
     Midland,  Texas;  the  Century  Plaza  Building,  located  at 310 W.  Wall,
     Midland,  Texas; and the Bank of America Drive-thru Bank, located at 400 N.
     Loraine, Midland, Texas, and legally described on Exhibit A attached hereto
     and made a part ---------  hereof being the land  ("Lands"),  together with
     (i) all building  structures,  improvements,  parking  areas,  roadways and
     fixtures  located  on the  Lands  ("Improvements"),  and (ii)  all  rights,
     privileges,  easements,  reversions,  water rights, development rights, air
     rights,  servitudes and appurtenances  thereunto belonging or appertaining,
     and all right, title and interest of Seller, if any, in and to the streets,
     alleys  and  rights-of-way  adjacent  to the  Lands  and  the  Improvements
     (collectively, the "Real Property").

          (b)  Personal  Property.  All  of  the  equipment,   tools,  supplies,
     machines,  furnishings and other personal property owned by Seller and used
     in the  operation  of  the  Real  Property,  (all  of  which  together  are
     collectively referred to as the "Personal Property").

          (c)  Leases.  Seller's  interest as landlord in and to the leases with
     various tenants (the "Tenants")  described on Exhibit B attached hereto and
     made a part hereof,  together with all amendments or modifications  thereto
     (such leases, as amended, being herein referred to as the "Leases").

          (d)  Permits.  Seller's  interest in and to all  assignable  licenses,
     permits,  certificates  of occupancy ,  approvals,  subdivision  maps,  and
     entitlements,  if any,  owned by Seller and pertaining to the Real Property
     and Personal Property,  (all of which together are collectively referred to
     as the "Permits").

<PAGE>

          (e) Warranties.  Seller's interest in and to all unexpired, assignable
     warranties and guaranties given or assigned to, or benefiting,  Seller, the
     Real  Property  or the  Personal  Property  relating  to  the  acquisition,
     construction, design, use, operation, management or maintenance of the Real
     Property or the Personal Property, (collectively, the "Warranties").

          (f) Contracts. Seller's interest in all service contracts, maintenance
     agreements, landscaping contracts, and maintenance contracts.

          (g)  Other  Intangibles.   Seller's  interest  in  and  to  all  other
     assignable  intangible property (the "Other Intangible  Property") owned by
     Seller  pertaining to the Real Property and Personal  Property,  including,
     without limitation,  trade names, geotechnical reports,  operating manuals,
     floor plans (including any related computer aided design measurements), and
     landscape plans.

     2. Purchase Price.  Purchaser shall pay to Seller, as consideration for the
purchase of the Subject  Property,  the sum of NINE  MILLION AND NO/100  DOLLARS
($9,000,000.00)  ("Purchase Price"). The Purchase Price shall be payable in cash
to Seller,  or at the  direction  of Seller,  by wire  transfer  of  immediately
available funds, upon Closing,  with $1,200,000 to be paid by SES and $7,800,000
to be paid by Hampshire.

     3. Conditions  Precedent to Closing.  Purchaser's  obligation to consummate
the transaction  contemplated by this Agreement shall be subject to satisfaction
or waiver of each of the following  conditions  ("Conditions  Precedent")  on or
before September 29, 2006 ("Contingency Date"):

          (a) Title. On or before the Contingency  Date, Seller shall furnish to
     Purchaser  a  current  Title  Certificate  abstractor's  title  certificate
     ("Title  Certificate")  issued by the Title Company showing title in Seller
     (with legible copies of all underlying  title documents listed in the Title
     Certificate  other  than  any  financing  documents  encumbering  the  Real
     Property).  If the  Title  Certificate  shows  any  matters  that  are  not
     acceptable to  Purchaser,  in its sole and absolute  discretion,  then this
     Agreement may be terminated,  at Purchaser's sole option, by written notice
     from Purchaser to Seller.  Such notice of  termination  may be given at any
     time on or  before  the  Contingency  Date.  Except as  otherwise  provided
     herein,  upon such termination,  neither party will have any further rights
     or obligations regarding this Agreement or the Subject Property. Failure of
     Purchaser to give Seller notice of termination on or before the Contingency
     Date shall  constitute an  irrevocable  waiver by Purchaser of the right of
     Purchaser  to  terminate  this  Agreement  under  this  Section.   All  the
     Conditions  Precedent are specifically stated and agreed to be for the sole
     and  exclusive  benefit of Purchaser,  and  Purchaser  shall have the right
     unilaterally  to waive,  in whole or in part,  any  Condition  Precedent by
     written notice to Seller.

          (b) Survey.  Within ten (10) days after  execution of this  Agreement,
     Seller  shall,  deliver to  Purchaser  the surveys in its  possession  (the
     "Survey") of the Property  consisting of a plat and field notes prepared by
     a licensed surveyor  conforming to the Minimum Standard Detail Requirements
     for ALTA/ASCM Land Title Surveys (as adopted in 1999),  including  items 1,

<PAGE>

     2, 3, 4, 6,  7(a),  (bl),  (c),  8, 9,  10,  11,  14,  15 and 16 of Table A
     thereof.  For  purposes of the property  description  to be included in the
     Deed,  the field notes prepared by the surveyor shall control any conflicts
     or  inconsistencies   with  Exhibit  B,  and  such  field  notes  shall  be
     incorporated herein by this reference upon their completion and approval by
     Seller and Purchaser.

          (c)  Environmental  Studies.  Within ten (10) days after  execution of
     this  Agreement,  Seller  shall,  at its sole cost and expense,  deliver to
     Purchaser  originals  or  true  and  correct  copies  of all  environmental
     assessments  or studies in Seller's  possession or under  Seller's  control
     with respect to the Property.

     4.  Covenants by Seller.  Seller  covenants and agrees with  Purchaser that
from the date hereof  until the actual  transfer of record  title  Seller  shall
conduct  its  business  involving  the Subject  Property  as follows  (except as
specifically provided to the contrary herein):

          (a) Transfers;  Easements.  Seller shall refrain from transferring any
     of the Subject  Property,  or creating on the Real Property any  easements,
     restrictions,  liens, assessments or encumbrances without the express prior
     written consent of Purchaser;  provided, however, that nothing herein shall
     preclude Seller from replacing any equipment,  supplies or machinery in the
     ordinary  course  of  operating  the  Subject  Property  so  long  as  such
     replacement  equipment is of type and quality reasonably  equivalent to the
     replaced equipment.

          (b) Contracts. Seller shall refrain from entering into or amending any
     contracts or other  agreements  regarding the Subject  Property without the
     prior written consent of Purchaser, which consent shall not be unreasonably
     withheld or delayed.  Seller shall maintain all risk casualty  insurance on
     the Subject Property.

          (c) Operations.  Seller shall use commercially  reasonable  efforts to
     operate and insure the Subject  Property  in a manner  consistent  with the
     existing operation of and insurance on the Subject Property and Seller will
     use  commercially  reasonable  efforts  to keep,  maintain  and  repair the
     Subject  Property in  substantially  its  condition  as of the date of this
     Agreement (casualty and condemnation excepted).

          (d)  Leases.  Seller will not modify,  amend or  terminate  the Leases
     without the prior written consent of Purchaser.  Seller shall keep, observe
     and perform all its obligations as landlord under the Leases.

          (e)  Encumbrances.  From the Effective Date until  Closing,  not sell,
     assign,  or convey any right,  title or  interest  whatsoever  in or to the
     Property,  or create or permit to exist, any lien,  encumbrance,  or charge
     thereon without promptly discharging the same.

          (f) Notices. To the extent sent or received by or on behalf of Seller,
     from the Effective Date until Closing, promptly deliver to Purchaser copies
     of written  default  notices  under  tenant  Leases and Service  Contracts,
     notices of lawsuits and notices of violations affecting the Property.

<PAGE>

          (g)  Condemnation.  Promptly  notify  Purchaser  of any  condemnation,
     environmental, zoning or other land use regulation proceedings, any notices
     of violations of any  governmental  regulations and any litigation in which
     Seller is a party that arises out of the ownership of the Property, in each
     case to the extent Seller obtains knowledge thereof.

          (h)  Litigation.   From  the  Effective  Date  until  Closing,  advise
     Purchaser promptly of any litigation, arbitration or administrative hearing
     before any court or authority concerning or affecting the Property which is
     instituted or threatened after the Effective Date.

          (i)  Documents.  From the  Effective  Date until  Closing,  update all
     documents  delivered,  or made  available,  to  Purchaser  pursuant to this
     Agreement  from time to time, as  appropriate  and provide  Purchaser  with
     copies of such updates.

          (j) Taxes and Billings.  Deliver to Purchaser  copies of any bills for
     real and personal  property taxes and assessments and copies of any notices
     pertaining  to real estate taxes or valuations or other matters of material
     importance  to the Property that are received by Seller after the Effective
     Date.

          (k) Property Modifications. From the Effective Date until Closing, not
     make any  material  alterations  to the  Property,  except  in each case in
     connection with tenant improvements and/or improvements to the common areas
     of the Property required by the tenant Leases.

          (l)  Representations,  Warranties and  Covenants.  Not take or omit to
     take  any  action  that  would  have the  effect  of  violating  any of the
     representations,  warranties, covenants, and agreements of Seller contained
     in this Agreement.

          (m) Listing and Other Offers. Not list the Property with any broker or
     otherwise  solicit,  negotiate,  entertain  inquiries or make or accept any
     offers to sell the Property, engage in any discussions or negotiations with
     any third party with respect to the sale, financing or other disposition of
     the Property, or enter into any contracts or agreements (whether binding or
     not,  including any letter of intent)  regarding any  disposition of all or
     any part of the  Property or  authorize  or any other party to do so on its
     behalf.

     5. Representations and Warranties by Seller.

          (a) Representations and Warranties. Seller represents and warrants for
     itself and each Selling Partner to Purchaser as follows:

               (i) Authority. Seller is a limited partnership duly organized and
          validly  existing and in good standing  under the laws of the State of
          Texas  and in good  standing  under  the laws of the  State of  Texas.
          Seller has the requisite power and authority to enter into and perform
          this  Agreement  in its  individual  capacity and as nominee from each
          Selling  Partner.  Each Selling  Partner  shall execute and deliver at
          closing the  Seller's  Closing  Documents  (as such term is defined in

<PAGE>

          Section  9(a)  hereof)  required  to be executed by Seller at Closing.
          This  Agreement  and  Seller's   Closing   Documents  have  been  duly
          authorized  by all  necessary  action on the part of  Seller  and each
          Selling  Partner and have been or will be duly  executed and delivered
          by each Selling Partner. Seller's execution,  delivery and performance
          of this  Agreement  and  Seller's  Closing  Documents  by each Selling
          Partner  will not  conflict  with or result in a violation of Seller's
          organizational  documents,  or any  judgment,  order or  decree of any
          court or arbiter,  to which Seller or any Selling  Partner is a party.
          This Agreement and Seller's Closing  Documents (when signed) are valid
          and binding  obligations of Seller and each Selling  Partner,  and are
          enforceable against Seller and each Selling Partner in accordance with
          their   terms,   subject   to   applicable   bankruptcy,   insolvency,
          reorganization, creditor's rights and other similar laws.

               (ii)   Utilities;   Mechanical   and  Electrical   Systems.   All
          installation  and  connection  charges for  utilities,  mechanical and
          electrical  systems  serving the Real  Property have been paid in full
          for all invoices received by Seller as of the Closing Date. Seller has
          received  no  written  notice  of actual or  threatened  reduction  or
          curtailment  of any  utility  service  currently  supplied to the Real
          Property.

               (iii)  Hazardous  Substances.  Seller  shall  make  available  to
          Purchaser in accordance  with Section 2(c) hereof  complete  copies of
          all  environmental  reports  and  studies  with  respect  to the  Real
          Property  conducted  or  received  by Seller from any third party (the
          "Environmental  Reports").  Except as disclosed  by the  Environmental
          Reports or any other  environmental  assessment obtained by Purchaser,
          to the best of Seller's knowledge,  (A) the Real Property has not been
          used for the  production,  storage,  deposit or disposal of  hazardous
          substances  in any  reportable  quantities  under and in  violation of
          applicable environmental laws; and (B) no above or below ground gas or
          fuel  storage  tank  is or  has  been  located  at the  Real  Property
          (although Purchaser  acknowledges that a generator is situated outside
          of the building).  Seller has not received any written notice from any
          applicable  governmental  authority that any hazardous substances have
          been  placed  or  located  upon  the Real  Property  in  violation  of
          applicable environmental laws.

               (iv)  FIRPTA.   Seller  is  not  a  "foreign   person,"  "foreign
          partnership,"  "foreign trust" or "foreign  estate" as those terms are
          defined in Section 1445 of the Internal Revenue Code.

               (v) Proceedings. There is no action, litigation,  condemnation or
          proceeding  of any kind pending  against the Subject  Property,  which
          would  have an  adverse  effect  on the use or  value  of the  Subject
          Property.

               (vi) Condition of the Real Property;  No Defects.  Seller has not
          received  written  notice  from  any  governmental   authority  having
          jurisdiction over the Real Property of any violation of any applicable

<PAGE>

          law,  rule,  regulation  or code of any such  governmental  authority,
          which  has not been  cured  or  remedied  and to the best of  Seller's
          knowledge,  no such  violation  exists.  Seller  is not  aware  of any
          material  physical  or  mechanical  defects  in the  condition  of any
          improvements  or  equipment in or on the Subject  Property,  including
          roof   structure,   walls  or  structural   components,   and  heating
          airconditioning,  plumbing, ventilation,  utility, sprinkler and other
          mechanical and electrical systems.

               (vii) Insurance.  Seller has not received any written notice from
          any insurance company or board of fire underwriters  remaining uncured
          of any defects or  inadequacies  in or on the  Property or any part or
          component  thereof that would adversely affect the insurability of the
          Property or cause any increase in the premiums for  insurance  for the
          Property.

               (viii)  Licenses  and  Permits.   Seller  (i)  has  obtained  all
          certificates  of  occupancy,   licenses,   and  permits  required  for
          operating  the Property  and all of such  certificates  of  occupancy,
          licenses,  and permits are in full force and effect,  and (ii) has not
          taken  (or  failed  to take)  any  action  that  would  result  in the
          revocation of such certificates of occupancy, licenses, or permits.

               (ix) Mechanical and Electrical  Systems.  To Seller's  knowledge,
          all the water, sewer, heating, electrical, plumbing, air conditioning,
          and other mechanical and electrical  systems of the Improvements  are,
          and as of the Closing will be, in good repair,  condition, and working
          order.

               (x) Access.  The  Property  has direct  access to all streets and
          roadways  abutting  the  Property,  all of  which  are  completed  and
          dedicated  streets and  roadways  that have been  accepted  for public
          maintenance  by the  appropriate  authority.  There is  vehicular  and
          pedestrian  ingress and egress from the Property  that is adequate for
          the  normal  and  proper  operation  of  the  Property.   To  Seller's
          knowledge,  no fact or  condition  exists  which  would  result in the
          termination of such ingress and egress.

               (xi) Reliance on Other Properties. The Property is an independent
          unit which does not now rely on any facilities  (other than facilities
          covered by Unpermitted Encumbrances or facilities of municipalities or
          public  utilities)  located on any  property  that is not part of such
          Property  to  fulfill  any  municipal  or  other   requirement  of  an
          authority,  or for the  furnishing  to such  Property of any essential
          building systems or utilities  (including drainage  facilities,  catch
          basins, and retention ponds). No other such building or other property
          that is not part of the Property  relies upon any part of the Property
          to fulfill any municipal or other  requirement of an authority,  or to
          provide any essential building systems or utilities.

               (xii)  Condemnation.   To  Seller's  knowledge,  no  condemnation
          proceeding   has  been   commenced   against  the  Property,   and  no
          governmental entity has delivered written notice to Seller threatening
          such condemnation proceeding.

<PAGE>
               (xiii) MUDs and RUDs.  The  Property is not  located  within,  or
          subject to, a road utility district,  municipal  utility district,  or
          other  similar  quasi-governmental  district  which  imposes  taxes or
          assessments,  nor  is  the  Property  a  part  of  any  other  private
          association which imposes dues, assessments, or allocates operating or
          other costs to the Property.

               (xiv)  Employees.  Purchaser  will have no  liability  for any of
          Seller's employees with respect to the Property after the Closing.

               (xv) Financial  Statements.  The financial statements relating to
          the  Property  which were  delivered  to  Purchaser by or on behalf of
          Seller as a part of the  documents  are  complete  and accurate in all
          material  respects  as of the  date  thereof,  and  were  prepared  in
          accordance with sound accounting practices consistently applied and in
          the ordinary course of business.

               (xvi) Documents.  Seller knows of no relevant information missing
          from, or any untruth, mistake or inaccuracy in, the documents provided
          to Purchaser.

               (xvii) Title.  Seller owns fee simple title to the  Property.  No
          person has any right or option to  purchase  the  Property or any part
          thereof.

               (xviii) No Damage.  To Seller's  knowledge,  there has never been
          any material damage by fire or other casualty to the Property.

               (xix) Books and Records. To the best of Seller's  knowledge,  the
          books and records  relating to the  Subject  Property  which have been
          made or will be made available to Purchaser by Seller,  and which have
          been prepared by Seller's  property  manager,  accurately  reflect the
          operation of the Subject Property.

               (xx) Leases.

                    (A)  Seller  has  delivered  to  Purchaser  a  complete  and
               accurate  copy of the Leases  identified on Rent Roll attached as
               Exhibit "B" to this  Agreement  (the "Rent Roll").  Except as set
               forth in each respective  Lease,  there are no options to expand,
               rights of first refusal, options to terminate,  options to renew,
               options to purchase, or any rent abatements given to the Tenant.

                    (B) To the best of Seller's  knowledge,  the Leases will be,
               in full  force  and  effect  according  to the  terms  set  forth
               therein,  and the  Leases  have not been  modified,  amended,  or
               altered, in writing or otherwise.

                    (C) Seller has not received  written notice from the Tenants
               of any uncured default or unperformed  obligation of the Landlord
               under the Lease,  including,  without limitation,  failure of the
               Landlord to construct any required tenant improvements. No Tenant

<PAGE>

               has asserted in writing to Seller any offsets, defenses or claims
               available  against  rent  payable by it or other  performance  or
               obligations otherwise due from it under the Lease.

                    (D) To the best of  Seller's  knowledge,  Tenants are not in
               default  under the Leases  (beyond any  applicable  grace or cure
               period),  or are in arrears in the  payment of any sums or in the
               performance of any obligations required of them under the Leases.

                    (E) There are no brokers'  commissions,  finders'  fees,  or
               other charges  payable or to become payable to any third party on
               behalf of Seller as a result of or in connection with the Leases.

                    (F) To the best of Seller's knowledge,  the Tenants have not
               assigned  their  interest  in its Leases or sublet any portion of
               the premises leased to such Tenants under the Leases.

                    (G) Those  Leases  marked  with an asterisk on the Rent Roll
               shall  be  amended  by the  Closing  to  adjust  the  rent by the
               consumer  price index at the next  anniversary  dated (4-1-07) of
               such  Lease  and,  again  compounded  on  each  anniversary  date
               thereafter  during the term of such lease.  Legacy Reserves shall
               amend its Leases by the  Closing to equal $7 per square foot plus
               an annual compounded CPI adjustment on each anniversary date.

     The representations contained in this subparagraph (xx) shall terminate and
be of no further force or effect upon receipt of the estoppel  certificates from
Tenants and the  provisions  of the estoppel  certificates  shall  supersede and
replace such  representations to the extent such  representations are covered by
the estoppel  certificates.  Any  representations in this subparagraph (xx) that
are not  covered in Tenants  estoppel  certificates  shall  remain in effect and
shall survive the Closing as provided in Section 8 below.

          (xxi) Special Assessments.  Except as shown on any tax bills delivered
     to Purchaser Seller has not received any notice, in writing, of any special
     assessments which affect the Subject Property.

          (xxii)  Service  Contracts.  Seller  is not a  party  to  any  service
     contracts which relate to the operation,  management, or maintenance of the
     Subject Property.

          (xxiii) No Other  Agreements.  Other than the Leases,  Seller is not a
     party to any leases,  service contracts,  management  agreements,  or other
     agreements or instruments in force and effect, oral or written,  that grant
     to any  person  whomsoever  or any  entity  whatsoever  any  right,  title,
     interest or benefit in or to all or any part of the Subject  Property,  any
     rights to acquire  all or any part of the  Subject  Property  or any rights
     relating to the use, operation,  management,  maintenance, or repair of all
     or any part of the Subject Property;

<PAGE>

          (xxvi)  Certificates.  Seller has heretofore  provided  Purchaser with
     complete  and accurate  copies of all Permits  which are known by Seller to
     relate to the Subject  Property and which are in the  possession or control
     of Seller.

          (xxv)  Bankruptcy.  Seller  is  solvent  and  has not  made a  general
     assignment for the benefit of creditors nor been  adjudicated a bankrupt or
     insolvent, nor has a receiver,  liquidator,  or trustee for any of Seller's
     properties  (including  the Subject  Property) been appointed or a petition
     filed by or against Seller for bankruptcy,  reorganization,  or arrangement
     pursuant to the  Federal  Bankruptcy  Act or any  similar  Federal or state
     statute, or any proceeding instituted for the dissolution or liquidation of
     Seller.

          (xxvi)  No  Roll  Back  Taxes.  The  Subject  Property  has  not  been
     classified under any designation  authorized by law to obtain a special low
     ad valorem tax rate or to receive a reduction,  abatement,  or deferment of
     ad valorem taxes which will result in additional,  catch-up or roll-back ad
     valorem  taxes in the future in order to  recover  the  amounts  previously
     reduced, abated or deferred.

          (xxvii)  Notices.  Seller  shall  deliver or cause to be  delivered to
     Purchaser,  promptly upon receipt thereof by Seller,  copies of any written
     notices of  default,  or, to the extent  within  the  actual  knowledge  of
     Seller, the occurrence of any event which could result in a default,  under
     the Lease and shall report to Purchaser,  from time to time,  the status of
     any alleged default  thereunder.  Seller shall advise Purchaser promptly in
     writing of the receipt,  by Seller or any of its affiliates,  of notice of:
     (i)  the   institution   or   threatened   institution   of  any  judicial,
     quasi-judicial or administrative  inquiry or proceeding with respect to the
     Improvements;  (ii) any notice of violation  issued by any  governmental or
     quasi-governmental  authority with respect to the  Improvements,  (iii) any
     proposed  special  assessments,  or (iv) any defects or inadequacies in the
     Improvements  or any part thereof  issued by any insurance  company or fire
     rating bureau.

          (xxviii)  Warranty  of Title.  Seller  agrees to warrant  and  forever
     defend  all  and  singular  the  title  to  the  Real  Property,   as  more
     specifically  set forth in the Deed.  Since  Purchaser  has  agreed  not to
     require an Owner's Title Insurance  Policy,  Seller's  general  warranty of
     Title to the Real Property shall be joint and several and shall survive the
     Closing and continue  forever to the fullest extent  permitted by law under
     and pursuant to this Agreement and Seller's General Warranty Deed delivered
     at Closing.

          (xxix) Security Deposits. Seller represents that there are no security
     deposits being held by Seller as landlord on any of the Leases.

     6.  Representations and Warranties by Hampshire.  Hampshire  represents and
warrants  to  Seller as  follows:  (a)  Hampshire  is a New  Hampshire,  limited

<PAGE>

liability company duly organized and validly existing and in good standing under
the laws of the State of New Hampshire, and by the Closing will be authorized to
transact  business and in good standing  under the laws of Texas;  (b) Hampshire
has the  requisite  power  and  authority  to  enter  into  this  Agreement  and
Hampshire's  Closing Documents (as such term is defined in Section 9(c) hereof);
(c) this Agreement has been duly authorized by all necessary  action on the part
of Hampshire and this Agreement and Hampshire's  Closing  Documents have been or
will be duly  executed and delivered by Hampshire;  (d)  Hampshire's  execution,
delivery and  performance of this Agreement and  Hampshire's  Closing  Documents
will not  conflict  with or result in violation  of  Hampshire's  organizational
documents,  or any judgment,  order or decree of any court or arbiter,  to which
Hampshire is a party; and (e) this Agreement and Hampshire's  Closing  Documents
(when  signed)  are  valid  and  binding  obligations  of  Hampshire,   and  are
enforceable  against  Hampshire  in  accordance  with  their  terms,  subject to
applicable bankruptcy, insolvency,  reorganization,  creditor's rights and other
similar laws.

     7.  Representations  and  Warranties by SES. SES represents and warrants to
Seller as follows:  (a) SES is a Texas limited  partnership  duly  organized and
validly  existing and in good standing under the laws of the State of Texas; (b)
SES has the requisite power and authority to enter into this Agreement and SES's
Closing  Documents  (as such term is defined in Section 9(c)  hereof);  (c) this
Agreement has been duly  authorized  by all necessary  action on the part of SES
and  this  Agreement  and  SES's  Closing  Documents  have  been or will be duly
executed and delivered by SES; (d) SES's execution,  delivery and performance of
this  Agreement and SES's Closing  Documents will not conflict with or result in
violation of SES's organizational documents, or any judgment, order or decree of
any court or arbiter,  to which SES is a party; and (e) this Agreement and SES's
Closing  Documents  (when signed) are valid and binding  obligations of SES, and
are  enforceable  against  SES  in  accordance  with  their  terms,  subject  to
applicable bankruptcy, insolvency,  reorganization,  creditor's rights and other
similar laws.

         8. Other Matters Related to Representations and Warranties of Seller
and Purchaser. The respective representations and warranties of Seller and
Purchaser contained in this Agreement shall survive Closing; provided, however,
that (a) any representations and warranties set forth herein, other than those
set forth in the Deed, shall automatically expire on the date which is three (3)
years after the Closing Date ("Warranty Expiration Date"), except that the same
shall not expire as to any such breach or default as to which Purchaser has
instituted litigation against Seller prior to the Warranty Expiration Date; (b)
Seller's total liability for any breach or breaches of its representations and
warranties set forth herein shall in no event exceed Seller's interest in the
Subject Property or the proceeds from the sale thereof, as the case may be; and
(c) Seller shall have no liability whatsoever to Purchaser with respect to any
breach or breaches by Seller of its representations and warranties set forth
herein, if, prior to Closing, Purchaser obtains actual knowledge of a fact or
circumstance, the existence of which would constitute a breach of Seller's
representations and warranties set forth herein, unless such representations and
warranties of Seller are knowingly and intentionally breached by Seller. Among
other things, for purposes hereof, Purchaser shall be deemed to have actual
knowledge of any fact or circumstance set forth in the estoppel certificates
delivered to Purchaser and in any environmental assessments or engineering
reports received by Purchaser. Seller's representations and warranties set forth
herein shall be deemed automatically modified to the extent that any information
contained in any estoppel certificates delivered to Purchaser prior to Closing
or in any environmental assessments or engineering reports received by Purchaser
is inconsistent with the matters which are the subject to such representations
and warranties.

<PAGE>

     9. Closing.

          (a) Closing Date. The closing of the purchase and sale contemplated by
     this Agreement  ("Closing") shall occur on or before September 29, 2006, or
     on such earlier or later date as Seller and Purchaser  may mutually  agree,
     at the  offices of Title  Company or at such other  location  as Seller and
     Purchaser may mutually agree.  However, the effective date for the purposes
     of determining  all  prorations  under this contract shall be September 29,
     2006 (the "Effective Date").

          (b) Purchaser's Closing Conditions Precedent.  Purchaser's  obligation
     to consummate  the  transaction  contemplated  by this  Agreement  shall be
     subject  to  satisfaction  or  waiver of each of the  following  conditions
     ("Purchaser's  Closing  Conditions  Precedent");  provided,  however,  that
     Purchaser shall have the unilateral right to waive any Purchaser's  Closing
     Condition Precedent, in whole or in part, by written notice to Seller:

               (i) The  representations  and  warranties  of Seller set forth in
          Section  5(a)  hereof  shall be, in all  material  respects,  true and
          complete as of the Closing Date.

               (ii) Seller shall have performed all of the material  obligations
          required to be performed by Seller under this  Agreement,  as and when
          required by this Agreement, in all material respects.

               (iii) There shall be no monetary  default by any tenant under its
          tenant Lease and no material  non-monetary default by any tenant under
          its tenant Lease.

               (iv) No order or injunction of any court or administrative agency
          of competent jurisdiction nor any governmental  regulation promulgated
          by any  authority of competent  jurisdiction  shall be in effect as of
          the Closing which  restrains or prohibits the transfer of the Property
          or the consummation of any other transaction provided for herein.

               (v) No action,  suit or other  proceeding  shall be pending which
          shall  have been  brought  by any  person or  entity  (other  than the
          parties  hereto and their  affiliates)  (i) to  restrain,  prohibit or
          change in any  material  respect the purchase and sale of the Property
          or the  consummation of any transaction  provided for herein,  or (ii)
          seeking material damages with respect to such purchase and sale or any
          other transaction provided for herein.

               (vi) Title to the Property and the other assets to be transferred
          hereunder  shall be delivered to the Purchaser in the manner  required
          under this Agreement.

<PAGE>

               (vii) Purchaser shall have received Tenant Estoppel  Certificates
          as required by this  Agreement  and none of the same shall contain any
          adverse factual  information  not otherwise  disclosed to Purchaser in
          writing.

               (viii)  The  physical   condition   of  the  Property   shall  be
          substantially  the same on the Closing Date as on the Effective  Date,
          reasonable wear and tear and loss by casualty excepted.

               (ix) There shall be no proceeding pending by or against Seller or
          any Tenant under the Federal Bankruptcy Code or any similar law.

          (c) Seller's Conditions  Precedent.  Seller's obligation to consummate
     the  transaction  contemplated  by  this  Agreement  shall  be  subject  to
     satisfaction  or  waiver  of each of the  following  conditions  ("Seller's
     Closing Conditions Precedent");  provided,  however, that Seller shall have
     the unilateral right to waive any Seller's Closing Condition Precedent,  in
     whole or in part, by written notice to Purchaser:

               (i) The  representations and warranties of Purchaser set forth in
          Section  6  hereof  shall  be,  in all  material  respects,  true  and
          complete.

               (ii)  Purchaser  shall  have  performed  all of  the  obligations
          required to be  performed by Purchaser  under this  Agreement,  as and
          when required by this Agreement, in all material respects.

               (iii)  There  shall  be  no  proceeding  pending  by  or  against
          Purchaser under the Federal Bankruptcy Code or similar law.

          (d)  Failure of  Condition  Precedent.  In the event that  Purchaser's
     Closing Conditions Precedent or Seller's Closing Conditions  Precedent,  as
     the case may be,  have not been  satisfied  or waived  as of the  scheduled
     Closing Date as the same may be extended as permitted  above,  and provided
     the failure to satisfy or waive any such condition is not attributable to a
     breach or default of this Agreement by Seller or Purchaser, as the case may
     be, this  Agreement  shall  terminate  (other than the  obligations  of the
     parties that, by the express terms hereof, survive any such termination).

     10. Closing Deliveries.

          (a) Seller's  Closing  Documents.  On the Closing  Date,  Seller shall
     execute  and/or  deliver  to  Purchaser  or  cause  to be  executed  and/or
     delivered the following (collectively, "Seller's Closing Documents"):

               (i) Deed. A General  Warranty  Deed  conveying  an undivided  65%
          interest the Property to  Hampshire  and an undivided  10% interest in
          the Property to SES, free and clear of all  encumbrances,  in the form
          set forth in Exhibit C attached  hereto  and made a part  hereof  (the
          "Deed").

<PAGE>

               (ii) Bill of Sale. A Bill of Sale  transferring  an undivided 65%
          interest in the Personal Property to Hampshire and an undivided 10% in
          the  Personal  Property  to SES,  in the form set  forth in  Exhibit D
          attached hereto and made a part hereof (the "Bill of Sale").

               (iii)   Assignment  of  Contracts.   An  Assignment  of  Contract
          assigning an undivided  65% interest in the Contracts to Hampshire and
          an  undivided  10% in the  Contracts  to SES, in the form set forth in
          Exhibit E attached  hereto and made a part hereof (the  "Assignment of
          Contracts").

               (iv) Assignment of Leases.  An Assignment of Leases  assigning an
          undivided 65% interest in the Leases to Hampshire and an undivided 10%
          in the  Leases  to SES,  in the form set forth in  Exhibit F  attached
          hereto and made a part hereof (the "Assignment of Leases").

               (v) Estoppel  letters from those Tenants  market with an "E" next
          to their names on Exhibit "B" attached hereto  containing  information
          about their respective Leases acceptable to Purchaser.

               (vi) Fully  Executed  Amendments  to those Leases  marked with an
          asterisk as  described  in Section 5 (a) (xx) (G) above  incorporating
          rental adjustments as described in such Section.

               (vii) Notice to Tenants.  Written notices to the Tenants advising
          them of the sale of the  Subject  Property  and  directing  it to make
          future  lease  payments  to the  Manager of the  Subject  Property  in
          accordance with the Management Agreement, and in the form set forth in
          Exhibit G  attached  hereto  and made a part  hereof  (the  "Notice to
          Tenants").

               (viii)  FIRPTA  Affidavit.   A  non-foreign   affidavit  properly
          containing  such  information as is required by Section  1445(b)(2) of
          the Internal Revenue Code and the regulations promulgated thereunder.

               (ix)  Title  Documents.   Such  affidavits  of  Seller  or  other
          documents as may be reasonably  required by the Title Company in order
          to record the Deed and issue the title  insurance  policy  required by
          this Agreement.

               (x) Title Certificate.  At Closing,  Seller shall cause the Title
          Company to deliver to Purchaser the Title Certificate required by this
          Agreement subject only to the Permitted Encumbrances.

          (b)  Purchaser's  Closing  Documents.  On the Closing Date,  Purchaser
     shall execute  and/or deliver or cause to be executed  and/or  delivered to
     Seller the following (collectively, "Purchaser's Closing Documents"):

               (i) Purchase Price. The Purchase Price,  plus or minus prorations
          and  other  adjustments,  if any,  by  wire  transfer  of  immediately
          available funds.

<PAGE>

               (ii)  Title   Documents.   Such  affidavits  of  Purchaser  other
          documents as may be reasonably  required by the Title Company in order
          to record the Deed.

          (c) Purchaser's and Seller's Closing  Documents.  On the Closing Date,
     Seller and Purchaser shall jointly execute and deliver the following:

               (i) Closing Statement.  A closing statement in form and substance
          reasonably  acceptable to both Seller and  Purchaser,  and  consistent
          with the terms, provisions and conditions of this Agreement.

               (ii) Management  Agreement.  A Management  Agreement  executed by
          Seller and Purchaser  providing for the management of the Property for
          the  period  of time  following  the  Closing,  in a form set forth in
          Exhibit H attached  hereto  and made a part  hereof  (the  "Management
          Agreement).

               (iii)  Miscellaneous.   Such  other  documents,  instruments  and
          affidavits  as  shall  be  reasonably   necessary  to  consummate  the
          transaction  contemplated  by  this  Agreement,   including,   without
          limitation,  affidavits  identifying any brokers  involved as the only
          persons  entitled to a brokerage or similar  commission  in connection
          with consummation of the transaction contemplated hereby.

     11. Adjustment and Prorations.  At Closing, Seller and Purchaser shall make
all adjustments and apportion all expenses with respect to the Subject Property,
including, without limitation, the following:

          (a) Ad Valorem Taxes. Ad valorem taxes and business  personal property
     taxes for the  Subject  Properties  for the current  calendar  year will be
     prorated to the  Closing  Date,  and Seller  will pay to Buyer,  in cash at
     Closing.  Seller's  pro rata  portion  of such taxes will be based upon the
     taxes actually assessed for the current calendar year.

          (b)  Title  Certificate.  Seller  shall  pay for the cost of the Title
     Certificate required under this Agreement.

          (c) Closing Fee.  Seller and  Purchaser  will each pay one-half of any
     reasonable and customary closing fee by the Title Company.

          (d)  Rents/Expenses.  The  following  items  shall be  prorated  on an
     accrual basis up to and  including the Effective  Date, on the basis of the
     most  recent  ascertainable  amounts  thereof or on the basis of such other
     reasonably  reliable  information  with  respect  thereto:  (i) current and
     advance  rental  payments  under the  Leases;  (ii)  operating  expense and
     insurance  escalations  and  adjustments  and other charges  payable by the
     Tenants to the  landlord  under the  Leases,  excluding  any  contributions
     toward the payment of Taxes (collectively, "Expense Contributions");  (iii)
     any utility  charges and deposits  made by Seller with respect to utilities
     for which the landlord under the Leases is responsible;  and (iv) all other
     items of accrued or prepaid  income  and  expenses,  other than  delinquent
     rental paymentsunder the Lease.

<PAGE>

          (e)  Recording  Costs.  Seller  shall  pay the cost of  recording  all
     documents necessary to place record title in the condition required by this
     Agreement  other than the cost of recording the Deed which shall be paid by
     Purchaser.

          (f) Operating Expenses.  All other operating costs of the Property but
     only if and to the extent  such  operating  costs are payable by Seller and
     not  Tenants  under the  Leases,  shall be  allocated  between  Seller  and
     Purchaser as of the  Effective  Date, so that Seller pays that part of such
     other operating costs payable before the Effective Date, and Purchaser pays
     that part of such operating costs payable from and after the Effective Date
     associated with Purchaser's undivided interest in the Property.

          (g) Attorney's  Fees. Each of the parties shall pay its own attorneys'
     fees,  except that a party  defaulting  under this Agreement or any closing
     document shall pay the reasonable  attorneys' fees and court costs incurred
     by the  nondefaulting  party to enforce  successfully  its rights regarding
     such default.

     12.  Damage.  If,  prior  to the  Closing  Date,  all or  any  part  of the
Improvements  are damaged by fire or other casualty,  Seller shall promptly give
notice  to  Purchaser  of  such  fact.  If  any  part  of the  Improvements  are
substantially  damaged,  at  Purchaser's  option (to be exercised by Purchaser's
written  notice at any time prior to the Closing  Date),  this  Agreement  shall
terminate. In the event of any such termination of this Agreement, neither party
will  have  any  further  obligations  under  this  Agreement  (other  than  the
obligations  of the parties that, by the express terms hereof,  survive any such
termination).  If Purchaser  fails to elect to terminate (in the manner provided
in this Section 10) despite such damage,  or if the Improvements are damaged but
not  substantially,  this  Agreement  shall not terminate,  and Purchaser  shall
purchase the Subject Property as set forth in this Agreement;  provided however,
that Seller  shall assign to  Purchaser,  its rights to any  insurance  proceeds
related to the damage. For purposes of this Section 10, the words "substantially
damaged"  mean damage that would cost  $500,000 or more to repair or damage that
would entitle the Tenants to terminate the Leases.

     13. Condemnation. If, prior to the Closing Date, eminent domain proceedings
are commenced against all or any part of the Subject Property, or if the Subject
Property is subjected to a bona fide threat of eminent domain,  or if Seller has
received  notice that any such  eminent  domain  proceedings  are  contemplated,
Seller  shall  immediately  give  notice  to  Purchaser  of such  fact  and,  at
Purchaser's  option (to be exercised  prior to Closing),  this  Agreement  shall
terminate. In the event of any such termination, neither party will have further
obligations  under this  Agreement  (other than the  obligations  of the parties
that, by the express terms hereof,  survive any such termination).  If Purchaser
fails to elect to terminate  (in the manner  provided in this Section 11),  then
there shall be no reduction in the  Purchase  Price,  and Seller shall assign to
Purchaser at the Closing Date all of Seller's  right,  title and interest in and
to any award made or to be made in the  condemnation  proceedings.  Prior to the
Closing Date,  Seller shall not designate  counsel,  appear in, or otherwise act
with respect to the condemnation  proceedings  without Purchaser's prior written
consent, which consent shall not be unreasonably withheld or delayed;  provided,
however,  that if any action is  necessary  with respect to such  proceeding  to
avoid any  forfeiture  or material  prejudice,  Seller shall be entitled to take
such action as and to the extent necessary without  obtaining  Purchaser's prior
written consent.

<PAGE>

     14. Broker's  Commission.  Seller represents and warrants to Purchaser that
in connection with the transaction contemplated hereby, no third party broker or
finder has been engaged or consulted by Seller or is entitled to compensation or
commission in connection  herewith.  Purchaser represents and warrants to Seller
that in connection  with the  transaction  contemplated  hereby,  no third party
broker or finder has been  engaged or  consulted  by Purchaser or is entitled to
compensation or commission in connection herewith.

     15. Mutual  Indemnification.  Seller and Purchaser  agree to indemnify each
other  against,  and hold each other harmless from all  liabilities  (including,
without  limitation,  reasonable  attorneys'  fees in defending  against claims)
arising out of the ownership,  operation or maintenance of the Subject  Property
for  their  respective  periods  of  ownership.  If and to the  extent  that the
indemnified party has insurance coverage, or the right to make claim against any
third party for any amount to be  indemnified  against as set forth  above,  the
indemnified  party will, upon full performance by the indemnifying  party of its
indemnification  obligations,  assign such rights to the indemnifying  party. If
such rights are not  assignable,  the indemnified  party will diligently  pursue
such rights by  appropriate  legal action or proceeding  and assign the recovery
and/or  right  of  recovery  to the  indemnifying  party  to the  extent  of the
indemnification payment made by such party. The provisions of this Section shall
survive Closing and execution and delivery of the Deed.

     16.  Assignment.  Purchaser  may  assign its  rights  under this  Agreement
without the prior written  consent of Seller to effectuate a like-kind  exchange
of real  property  under  Section 1031 of the Internal  Revenue Code of 1986, as
amended.  Purchaser  agrees to cooperate with Seller in effecting such like-kind
exchange.

     17.  Notices.  Any notice or other  communication  in connection  with this
Agreement shall be in writing and shall be sent by United States certified mail,
return receipt requested,  postage prepaid, by nationally  recognized  overnight
courier guarantee next day delivery, by telecopy or facsimile  transmission,  or
by personal delivery, properly addressed as follows:

          If to Seller:                      TCTB Partners, Ltd
                                             303 W. Wall, Suite 1700
                                             Midland, Texas 79701
                                             Attn: Jon Morgan

          If to SES:                         S.E.S. Investments, Ltd.
                                             P.O. Box 10886
                                             Midland, Texas 79702
                                             Attn:  Wes Perry

          If to Hampshire:                   Hampshire Plaza Garage, LLC
                                             102 West Main Street
                                             Stanford, Kentucky 40484
                                             Attn:  Doug Ditto

     All notices shall be deemed given three (3) business days following deposit
in the United States mail with respect to certified or registered  letters,  one

<PAGE>

(1)  business  day  following  deposit  if  delivered  to an  overnight  courier
guaranteeing  next day delivery and on the same day if sent by personal delivery
or by telecopy or facsimile transmission (with proof of transmission). Attorneys
for each party shall be  authorized  to give  notices  for each such party.  Any
party may change its address for the service of notice by giving  written notice
of such change to the other party, in any manner above specified.

     18. Captions.  The section headings or captions appearing in this Agreement
are for convenience  only, are not a part of this  Agreement,  and are not to be
considered in interpreting this Agreement.

     19. Entire  Agreement;  Modification.  This Agreement and the  Distribution
Agreement  constitutes the entire agreement  between the parties with respect to
the subject matter herein contained,  and all prior  negotiations,  discussions,
writings and  agreements  between the parties with respect to the subject matter
herein contained are superseded and of no further force and effect. No covenant,
term or  condition  of this  Agreement  shall be deemed  to have been  waived by
either party,  unless such waiver is in writing signed by the party charged with
such waiver.

     20. Binding  Effect.  This Agreement shall be binding upon and inure to the
benefit of the parties  hereto and their  respective  successors  and  permitted
assigns.

     21.  Controlling  Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of Texas.

     22.  Severability.  The  unenforceability  or invalidity of any  provisions
hereof shall not render any other provision  herein  contained  unenforceable or
invalid.

     23. Time of Essence. Time is of the essence of this Agreement.

     24.  Counterparts.  This  Agreement  may  be  executed  in  any  number  of
counterparts,  each of  which  shall be  deemed  an  original,  but all of which
together shall constitute one and the same instrument.

     25. Exhibits.  The following exhibits are made a part hereof, with the same
force and effect as if specifically set forth herein:

     Exhibit A -    Legal Description
     Exhibit B -    Schedule of Leases
     Exhibit C -    Form of General Warranty Deed
     Exhibit D -    Form of Bill of Sale
     Exhibit E -    Assignment of Contracts
     Exhibit F -    Assignment of Leases
     Exhibit G -    Form of Notice to Tenants
     Exhibit H -    Management Agreement

<PAGE>

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

                                                SELLERS:

                                                TCTB Partners, Ltd.
                                                By: TCTB Company, Inc.,
                                                its sole general partner

                                                By:_____________________________
                                                   Jon Morgan, President

                                                TCTB COMPANY, INC.
                                                By:_____________________________
                                                   Jon Morgan, President

                                                AMEN PROPERTIES, INC.

                                                By:_____________________________

                                                ________________________________
                                                DALE A. BROWN

                                                ________________________________
                                                CARY D. BROWN

                                                MCGRAW BROTHERS INVESTMENTS

                                                By:_____________________________

                                                ________________________________
                                                KYLE STALLINGS

                                                ________________________________
                                                JOHN NORWOOD

                                                ________________________________
                                                JON MORGAN

<PAGE>

                                                PURCHASERS:

                                                S.E.S.
                                                Investments, Ltd.
                                                By: S.E.S. Operating, Inc.,
                                                its general partner

                                                By:_____________________________
                                                   Wes Perry, President

                                                Hampshire Plaza Garage, LLC

                                                By Universal Guaranty Life
                                                Insurance Company, Member

                                                By:_____________________________
                                                   Doug Ditto, Assistant V. P.

<PAGE>

                                    EXHIBIT A

                                Legal Description

Bank of America Building
Garage and Motor Bank Building
303 West Wall Street, and 400 N. Loraine Street
Midland Texas 79701

COMPLETE PROPERTY DESCRIPTION: Situated in Midland County, Texas, to wit:

TRACT ONE:  Being ALL OF BLOCK  SEVEN (7) of ORIGINAL  TOWN of Midland,  Midland
County,  Texas,  according to the map or plat thereof recorded in Volume 3, Page
232 of he Deed Records of Midland County,  Texas,  together with the North-South
alley  extending  through  said Block which alley was  abandoned  by the City of
Midland by ordinance  No. 5081 dated August 24, 1976 and conveyed by the City of
Midland by Quit Claim Deed to the First  National  Bank of Midland,  Texas dated
December  10, 1982 but  effective  as of  September  2, 1976 and now recorded in
Volume 765,  Page 308; and by Quit Claim Deed executed by the City of Midland to
Texas  Employment  Commission,  State of  Texas,  dated  December  10,  1982 but
effective as of September2, 1976, and now recorded in volume 765, page 310, both
in the Deed Records of Midland County, Texas.

TRACT TWO:  Being ALL OF BLOCK  SIXTY  FOUR (64) of  ORIGINAL  TOWN of  Midland,
Midland County,  Texas,  according to the map or plat thereof recorded in Volume
3, page 232 of the Deed  Records of Midland  County,  Texas,  together  with the
North-South alley extending through said Block, which alley was abandoned by the
City of Midland by Ordinance  No. 4532,  dated  October 29, 1970 and conveyed by
the City of Midland,  Texas,  by Quit Claim Deed to The First  National  Bank of
Midland,  Texas, dated October 29, 1970 and now recorded in Volume 765, Page 306
of the Deed Records of Midland County, Texas.

TRACT THREE:  Being ALL OF LOTS  THIRTEEN  (13),  FOURTEEN  (14),  FIFTEEN (15),
SIXTEEN (16),  SEVENTEEN (17),  EIGHTEEN (18), BLOCK SIXTY FIVE (65) of ORIGINAL
TOWN of Midland,  Midland  County,  Texas,  according to the map or plat thereof
recorded in Volume 3, Page 232 of the Deed Records of Midland County, Texas, and
being all the property  bounded on the north by a twenty foot alley, on the east
by a twenty foot alley,  on the south by West  Missouri  Avenue - an eighty foot
right of way, and on the west by South Colorado Street - an eighty foot right of
way.

TRACT FOUR: All of the EASEMENT  ESTATE in and to and over the air space rights,
and all other  rights,  titles and  interests  granted  by the City of  Midland,
Texas,  pursuant to that  certain Air Space  Easement  Agreement  dated April 1,
1976,  recorded in Volume 764,  Page 710 of the Deed Records of Midland  County,
Texas:  Texas:  said  Air  Space  Easement  Agreement  covering  property  fully
described as follows:

<PAGE>

A  12,000-square  foot  strip of land  located on South  Colorado  Street at its
intersection with West Missouri Avenue, more fully described by metes and bounds
as follows:

BEGINNING at the southwest corner of Block 64, Original Town of Midland, Midland
County,  Texas, the same being the intersection of the west right of way line of
South Colorado  Street with the north right of way line of west Missouri  Avenue
and the southwest corner of this tract:

THENCE  North 150 Feet along on the east line of Block 64, and the west right of
way line of South  Colorado  Street to a point for the northwest  corner of this
tract:

THENCE East 80 Feet to a point in the west line of Block 65 Original  Town,  the
same  being  the  east  right  of way line of  South  Colorado  Street,  and the
southwest  corner of the 20 foot alley  running east and west through  Block 65,
and the northeast corner of this tract:

THENCE  South 150 Feet along the west line of Block 65 and the east right of way
line of South Colorado  Street to its  intersection  with the north right of way
line of West Missouri Avenue and the southeast corner of this tract;

THENCE West 80 Feet to the PLACE OF BEGINNING

CENTURY PLAZA BUILDING
306 West Wall Street
Midland, Texas

TRACT  ONE:  BEING  SOUTH 115 FEET OF THE W/2 OF LOT 14 AND THE SOUTH 15 FEET OF
LOT 15 BLOCK 56,  ORIGINAL  TOWN,  and  addition to the City of Midland  County,
Texas,  according to the map or plant thereof as recorded in Volume 3, Page 232,
Deed Records Midland County, Texas.

TRACT TWO: BEING  AIRSPACE  COLUME ONE: THE WEST 15 FEET OF THE E/2 OF THE SOUTH
115 FEET OF LOT 14 BLOCK 56,  ORIGINAL TOWN of Midland  County,  Texas,  but not
below a elevation of 2,791.93 feet above sea level but not above an elevation of
2,954.18 feet above sea level;

AIRSPACE  COLUMN TWO:  THE SOUTH 15 FEET OF THE NORTH 35 FEET OF LOT 15, AND THE
SOUTH 15 FEET OF THE NORTH 35 FEET OF THE W/2 OF LOT 14, BLOCK 56 ORIGINAL  TOWN
of Midland County, Texas, from but not below an elevation of 2,792.93 feet above
sea level but not above an elevation of 2,954.18 feet above sea level.

<PAGE>

                                    EXHIBIT B

                          Schedule of Leases/Rent Roll

<PAGE>

                                    EXHIBIT C

                          Form of General Warranty Deed

                              GENERAL WARRANTY DEED
                              ---------------------

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     TCTB COMPANY, INC., a Texas corporation,  AMEN PROPERTIES, INC., A Delaware
corporation, DALE A. BROWN, CARRY D. BROWN, MCGRAW BROTHERS INVESTMENTS, a Texas
general  partnership,  KYLE  STALLINGS,  JOHN NORWOOD and JOHN MORGAN,  and TCTB
PARTNERS,  LTD,  a  Texas  limited  partnership  (collectively  referred  to  as
"Grantor")  for  and in  consideration  of the  sum of TEN  AND  NO/100  DOLLARS
($10.00)  paid in cash to Grantor by the  Grantee  herein  named,  has  GRANTED,
BARGAINED,  SOLD and CONVEYED,  and by these presents does GRANT,  BARGAIN, SELL
and CONVEY UNTO HAMPSHIRE PLAZA GARAGE,  LLC., a New Hampshire limited liability
company  ("Hampshire") whose mailing address is 102 West Main Street,  Stanford,
Kentucky  40484,  and S.E.S.  INVESTMENTS,  LTD.,  a Texas  limited  partnership
("SES") whose mailing address is P.O. Box 10886, Midland, Texas 79702 (Hampshire
and SES are collectively referred to as "Grantees"), the receipt and sufficiency
of which consideration are hereby acknowledged, has GRANTED, BARGAINED, SOLD and
CONVEYED,  and by these  presents  does  GRANT,  BARGAIN,  SELL and CONVEY  UNTO
Grantees  an  undivided  75%  interest in and to those  certain  parcels of real
estate located at 303 West Wall,  310 West Wall and 400 N. Loraine,  in Midland,
Texas,  legally  described  on Exhibit A attached  hereto and made a part hereof
(the  "Lands"),  together  with (i) all building  structures,  improvements  and
fixtures  owned by Seller  located on the Lands  ("Improvements"),  and (ii) all
rights, privileges, easements, reversions, water rights, development rights, air
rights,  servitudes and appurtenances  thereunto belonging or appertaining,  and
all right, title and interest of Grantor, if any, in and to the streets,  alleys
and  rights-of-way  adjacent to the Land and the Improvements  (the "Appurtenant
Rights"),  such  interests  to be owned an  undivided  65% by  Hampshire  and an
undivided 10% by SES.

     TO HAVE AND TO HOLD the Lands and the Improvements unto Grantees, and their
successors and assigns, in fee simple forever.

     Grantor WILL WARRANT AND FOREVER DEFEND, all and singular the Lands and the
Improvements unto Grantees,  their successors and assigns,  against every person
whomsoever lawfully claiming or to claim the same or any part thereof.

     With respect to the  Appurtenant  Rights,  Grantor is hereby only granting,
selling and conveying to Grantee  Grantor's right,  title and interest in and to
same without warranty (whether statutory, express or implied).

<PAGE>

     Each Grantor's  liability for the Warranty of Title  contained in this Deed
shall be joint and several  and shall be binding on said  Grantee and his or its
respective  heirs,  executors,  administrators,  successors  and  assigns to the
fullest extent permitted by applicable law.

     WITNESS WHEREOF, Grantor has executed this Warranty Deed to be effective as
of the 29th day of September, 2006.

                                                GRANTOR
                                                -------

                                                TCTB Partners, Ltd.
                                                By: TCTB Company, Inc.,
                                                its sole general partner

                                                By:_____________________________
                                                   Jon Morgan, President

                                                TCTB COMPANY, INC.
                                                By:_____________________________
                                                   Jon Morgan, President

                                                AMEN PROPERTIES, INC.

                                                By:_____________________________

                                                ________________________________
                                                DALE A. BROWN

                                                ________________________________
                                                CARY D. BROWN

                                                MCGRAW BROTHERS INVESTMENTS

                                                By:_____________________________

                                                ________________________________
                                                KYLE STALLINGS

                                                ________________________________
                                                JOHN NORWOOD

                                                ________________________________
                                                JON MORGAN

<PAGE>

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________,  2006,  by Jon Morgan,  the  President of TCTB  Company,  Inc, as
general partner of TCTB Partners, Ltd., on behalf of said limited partnership.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________
STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by Jon Morgan, the President of TCTB Company, Inc., a Texas
corporation on behalf of said corporation.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________,      2006,      by      ______________________________,       the
_______________________ of AMEN PROPERTIES, INC.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

<PAGE>

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by DALE A. BROWN.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by CARY D. BROWN.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________,      2006,      by      ______________________________,       the
_______________________   of  MCGRAW  BROTHERS  INVESTMENTS,   a  Texas  general
partnership.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

<PAGE>

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by KYLE STALLINGS.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by JOHN NORWOOD.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

STATE OF TEXAS          ss.
                        ss.
COUNTY OF MIDLAND       ss.

     The  foregoing  instrument  was  acknowledged  before  me  this  ___ day of
_____________, 2006, by JON MORGAN.

     IN WITNESS  WHEREOF,  I have  hereunto  set my hand and affixed my official
seal this ___ day of ________________, 2006.

                                 ___________________________________________
                                 Notary Public in and for the State of Texas
                                 My commission expires:_______________

<PAGE>

                                    EXHIBIT D

                              Form of Bill Of Sale

                                  Bill of Sale

     THIS BILL OF SALE ("Bill of Sale") is executed  this 29th day of  September
2006,  by TCTB  COMPANY,  INC., a Texas  corporation  AMEN  PROPERTIES,  INC., A
Delaware   corporation,   DALE  A.  BROWN,  CARRY  D.  BROWN,   MCGRAW  BROTHERS
INVESTMENTS, a Texas general partnership,  KYLE STALLINGS, JOHN NORWOOD and JOHN
MORGAN,  collectively  referred to as  ("Seller"),  in favor of Hampshire  Plaza
Garage, LLC., a New Hampshire limited liability company ("Hampshire") and S.E.S.
Investments,  Ltd., a Texas limited  partnership  ("SES") (Hampshire and SES are
collectively referred to as "Purchaser")

     1.  Reference  to Purchase  Agreement.  Reference  is made to that  certain
Purchase  Agreement  dated as of September 29, 2006,  by and between  Seller and
Purchaser,  pursuant  to which  Seller  has  agreed  to sell to  Purchaser,  and
Purchaser  has agreed to purchase  from Seller,  the improved  real property and
other assets described therein  ("Purchase  Agreement").  Capitalized terms used
herein and not otherwise  defined herein shall have the meaning set forth in the
Purchase Agreement.

     2. Sale.  For good and  valuable  consideration  received  by  Seller,  the
receipt and sufficiency of which are hereby  acknowledged,  Seller hereby sells,
assigns and transfers to Purchaser an undivided 75% interest in Seller's  right,
title and interest in the Personal Property.

     3. Disclaimer of Warranties.  Seller makes no warranties or representations
as to the Personal  Property.  AMONG OTHER  THINGS,  ALL  WARRANTIES OF QUALITY,
FITNESS  FOR A  PARTICULAR  PURPOSE  OR  MERCHANTABILITY  ARE  HEREBY  EXPRESSLY
DISCLAIMED AND EXCLUDED.

     In witness  whereof  Seller has executed this Bill of Sale the day and year
first above written.SELLERS:

                                                TCTB Partners, Ltd.
                                                By: TCTB Company, Inc.,
                                                its sole general partner

                                                By:_____________________________
                                                   Jon Morgan, President

                                                TCTB COMPANY, INC.
                                                By:_____________________________
                                                   Jon Morgan, President

<PAGE>

                                                AMEN PROPERTIES, INC.

                                                By:_____________________________

                                                ________________________________
                                                DALE A. BROWN

                                                ________________________________
                                                CARY D. BROWN

                                                MCGRAW BROTHERS INVESTMENTS

                                                By:_____________________________

                                                ________________________________
                                                KYLE STALLINGS

                                                ________________________________
                                                JOHN NORWOOD

                                                ________________________________
                                                JON MORGAN

<PAGE>

                                    Exhibit E
                             Assignment of Contracts

<PAGE>
                                    Exhibit F
                              Assignment of Leases

<PAGE>

                                    Exhibit G
                                Notice to Tenants

<PAGE>

                                    Exhibit H
                              Management Agreement

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00111-of-00352.parquet"}]]