Document:

AFTERSOFT
GROUP, INC.

    Second
Floor, 9 Lower Bridge Street

    Chester,
UK CH1 1RS

     

    January
20, 2010

    

    Via Electronic
Mail

    

    Mr. Simon
Chadwick

    174
Bramhall Moor Lane

    Hazel
Grove

    Stockport,
Cheshire SWK7 5BE

    United
Kingdom

    

    Re:           Separation
Agreement

    

    Dear Mr.
Chadwick:

    

    This
agreement (the “Separation Agreement”) is to confirm that Aftersoft Group, Inc.
(the “Company”) has elected to terminate your employment with the Company
without cause pursuant to Section 4.3(b) of your Employment Agreement dated as
of December 1, 2008 (the “Employment Agreement”) on the following terms and
conditions.  Accordingly, you and the Company agree as follows.
Capitalized terms used but not defined herein shall have the meanings ascribed
to them in the Employment Agreement.

    

    1.           Termination. The
effective date of termination of the Employment Agreement, and your effective
date of termination as Chief Operating Officer and a director of the Company is,
January 31, 2010 (the “Effective Date”). From the date of this Separation
Agreement through the Effective Date, you agree to continue to perform your
duties as set forth in the Employment Agreement in full.  Effective at
the close of business on the Effective Date, you have no further authority to
bind the Company as either Chief Operating Officer or a director.  You
and the Company acknowledge and agree that as of the date hereof, all provisions
of the Employment Agreement are hereby terminated in their
entirety.  We have agreed that you will have the ability to resign
your positions without prejudice to any rights in your Employment
Agreement.

    

    2.           Severance
Payment.

    

    a.           Subject
to Section 2(b), commencing February 1, 2010, and in accordance with Section
4.8(a)(i) of the Employment Agreement, the Company will pay you the aggregate
sum of $225,000 in six (6) equal monthly installments of $37,500 per month
(each, an “Installment”), on the first of each of the succeeding six (6) months,
which sum is comprised of that portion of your Base Salary that was not
previously paid to you from the last payment date through the Effective Date,
and an amount equal 12-months salary at the level of your Base Salary currently
in effect, subject to normal withholdings and deductions.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    b.           In
accordance with Section 4.8(a)(iv) of the Employment Agreement, all performance
share units previously granted to you under the Employment Agreement that would
vest in the course of any fiscal year shall vest on a pro rata
basis.

    

    c.           
All severance payments under this Severance Agreement will be made in British
Pounds Sterling.

    

    d.           All
unused but accrued vacation will be paid with the first termination payment
pursuant to this Separation Agreement.

    

    e.           As
of the Effective Date, and except as may otherwise be agreed in writing between
you and the Company, you will no longer be eligible for any additional
compensation, including without limitation salary, bonuses, or
benefits.

    

    3.           Refinancing Fee. The
Company agrees to pay you a one-time sum of $50,000 (the “Refinancing Fee”) in
the event of a refinancing of the Company’s debt currently held by ComVest
Capital LLC; provided, however, that no such Refinancing Fee shall be due if
such refinancing of the ComVest debt is effected by a shareholder that, as of
the date of this Agreement, owns more than five percent (5%) of the Company’s
equity or an independent member of the Company’s Board of
Directors.  Payment of the Refinancing Fee shall be made upon the
consummation of such refinancing transaction.  In the event that a
portion of such refinancing of the ComVest debt is effected by a shareholder
that, as of the date of this Agreement, owns more than five percent (5%) of the
Company’s equity or an independent member of the Company’s Board of Directors,
you will be entitled to a portion of such Refinancing Fee.  (By way of
example, if 25% of the refinancing of the ComVest debt is provided by an
insider, then you would be entitled to a Refinancing Fee of
$37,500.)

    

    You will
be entitled to convert the Refinancing Fee earned into equity at a rate of $1.10
of equity for each $1.00 of earned Refinancing Fee.  (By way of
example, in the event you were entitled to a Refinancing Fee of $37,500, you
could elect to convert such Refinancing Fee into $41,250 of
Equity.)  The number of shares to be issued shall be based on the
closing price of the Company’s common stock on the date that the Company
receives notice of such conversion.  Any fractional shares shall be
rounded up to the nearest whole share.  A form of notice is attached
hereto as Exhibit
A.  Such notice of the election to convert must be made no
later than five (5) business days after the Company has given you notice that
you are entitled to receive all or a portion of the Financing
Fee.  Failure to give notice within five (5) business days will result
in your forfeiture of this option.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    4.           Mutual
Release.      In exchange for the benefits
contained in this Separation Agreement, you and the Company hereby release and
discharge the other, together with each and every of your and the Company’s
predecessors, successors (by merger or otherwise), parents, subsidiaries,
affiliates, divisions, directors, officers, employees and agents, as applicable,
whether present or former, from any and all claims, actions, causes of action,
rights, benefits, compensation, or damages, including costs and attorneys’ fees,
of whatever nature, whether known or unknown, suspected or unsuspected, matured
or unmatured, now existing or arising in the future from any act, omission,
event, occurrence, or non-occurrence prior to the Effective Date, arising out of
or in any way related to your employment with the Company.

    

    5.           Indemnification.   
The Company agrees to indemnify you to the fullest extent permitted by the
Company’s Bylaws and that certain indemnification agreement dated as of the date
hereof, substantially in the form of Exhibit B attached
hereto, which includes independent representation where appropriate. Nothing in
this Separation Agreement shall modify, or be interpreted to modify, the
application or applicability of any law, document, or authority relating to
indemnification.

    

    6.           Non-Disparagement. 
You agree that you will not make any disparaging or untruthful remarks about or
concerning the Company, its affiliates, officers, directors, employees or
agents, whether acting in their individual or representative capacity, or
otherwise take any action that could reasonably be anticipated to cause damage
to the reputation, goodwill or business of the Company, or otherwise make
remarks that may negatively reflect upon the Company. The Company agrees that it
will not make any disparaging or untruthful remarks concerning you and shall use
reasonable efforts to cause its officers, directors, employees and agents, to
not make any disparaging or untruthful remarks concerning you, or otherwise take
any action that could reasonably be anticipated to cause damage to your
reputation, goodwill or business, or otherwise make remarks that may negatively
reflect upon you.  Nothing in this Paragraph shall in any way limit
your ability or the ability of the Company or its officers, directors, employees
or agents to respond to or cooperate with any government inquiry or
investigation or to give truthful testimony as required by law.

    

    You or
your counsel will have the ability to provide reasonable comments on the draft
press release announcing your separation from the business and which is attached
as Exhibit C to
this Separation Agreement.  The Company will use good faith in
determining whether or not to incorporate any such comments reasonably made by
your or your counsel.  You or your counsel will also have the ability
to review the Current Report on Form 8-K to be filed by the Company; provided, however, that the
Company reserves the right whether to accept any suggestions or comments
provided to the Form 8-K that it believes are not accurate or would otherwise
result in the Company’s filing a report that contains misstatement or an
omission of material fact.

     

    
      
         

      

      
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    7.           Confidentially.       In
accordance with Section 6.1 of the Employment Agreement, in consideration of
your former employment and your receipt of the salary and other benefits
associated with your employment, and in consideration of the payments and other
benefits received under this Separation Agreement, and in acknowledgment that
(a) the Company is engaged in the automotive software business, (b) maintains
secret and confidential information, (c) during the course of your employment by
the Company such secret or confidential information may have become known to
you, and (d) full protection of the Company’s business makes it essential that
no employee or former employee appropriate for his or her own use, or disclose
such secret or confidential information, you agree that for a period of two (2)
years following the Effective Date, you will hold in strict confidence and shall
not, directly or indirectly, disclose or reveal to any person, or use for your
own personal benefit or for the benefit of anyone else, any trade secrets,
confidential dealings, or other confidential or proprietary information of any
kind, nature, or description (whether or not acquired, learned, obtained, or
developed by you alone or in conjunction with others) belonging to or concerning
the Company or any of its subsidiaries, except (i) with the prior written
consent of the Company duly authorized by its Board, (ii) in the course of the
proper performance of your duties hereunder, (iii) for information (x) that
becomes generally available to the public other than as a result of unauthorized
disclosure by you or your affiliates or (y) that becomes available to you on a
non-confidential basis from a source other than the Company or its subsidiaries
who is not bound by a duty of confidentiality, or other contractual, legal, or
fiduciary obligation, to the Company, or (iv) as required by applicable law or
legal process.

    

    8.           Non-Competition.     
In accordance with Section 6.2 of the Employment Agreement, for so long as you
receive any Severance Benefit or Severance Amount, or receive any Severance
Payment provided under this Separation Agreement, you agree that you shall not
be engaged as an officer or executive of, or in any way be associated in a
management or ownership capacity with any corporation, company, partnership or
other enterprise or venture which conducts a business which is in direct
competition with the business of the Company; provided, however, that you may
own not more than two percent (2%) of the outstanding securities, or equivalent
equity interests, of any class of any corporation, company, partnership, or
either enterprise that is in direct competition with the business of the
Company, which securities are listed on a national securities exchange or traded
in the over-the-counter market.  For purposes of this Separation
Agreement, a lump sum payment equivalent made to you shall be judged in relation
to your most recent annual base salary to determine whether you are continuing
to receive a Severance Benefit or Severance Amount and shall be measured from
the date such payment is received.  It is expressly agreed that the
remedy at law for breach of this covenant is inadequate and that injunctive
relief shall be available to prevent the breach thereof.

    

    9.           Non-Solicitation.     
In accordance with Section 6.3 of the Employment Agreement, you agree that you
will not, directly or indirectly, within one (1) year of the Effective Date, in
any manner, encourage, persuade, or induce any other employee of the Company to
terminate his or her employment, or any person or entity engaged by the Company
to represent it to terminate that relationship without the express written
approval of the Company; provided, however, that in the event an employee with
whom you had a preexisting relationship prior to your employment with the
Company individually elects to resign as a consequence of your having left the
Company’s employ, this non-solicitation provision shall not prohibit their
subsequent association.  It is expressly agreed that the remedy at law
for breach of this covenant is inadequate and that injunctive relief shall be
available to prevent the breach thereof.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    10.           Confidential Nature of this
Separation Agreement.  You and the Company each agree that the
consideration provided to you under this Separation Agreement is confidential
and that neither shall disclose said consideration to persons outside the
Company, except that you may show this Separation Agreement to your spouse,
attorneys and tax consultants, who agree to be bound by these provisions; provided, however, that nothing herein
shall prohibit or restrict the Company or you (or respective attorneys) from
making disclosures related to this Separation Agreement as required by law, from
responding to any inquiry, or providing testimony, about the fact or terms of
this Separation Agreement or the consideration provided to you, or the facts and
circumstances underlying this Separation Agreement, before the United States
Securities and Exchange Commission or any other federal or state regulatory or
law enforcement agency or as required by law, or prohibit or restrict the
Company or you from disclosing the terms of this Separation Agreement in any
litigation brought to enforce any obligations created by this Separation
Agreement.

    

    11.           Return of Company
Property. You agree that as of the Effective Date, you will have returned
to the Company all of the Company’s property, including all physical property
(personal digital assistants, computer disks, access cards, etc.) as well as any
and all documents, data, plans, or other information, whether on paper or in
electronic form.

    

    12.           Communications. 
You agree to cooperate with the Company and its officers, directors, employees
or agents to coordinate appropriate internal and external communications
concerning your separation pursuant to this Separation Agreement, and to
designate individuals to whom any questions shall be directed.  You
will have final approval on all such communications.

    

    13.           Equitable
Remedies.  The provisions of this Separation Agreement, if breached,
could cause the parties to this Separation Agreement to suffer irreparable harm
for which damages would be an inadequate remedy. Therefore, upon any such breach
or threat thereof, either party to this Separation Agreement shall be entitled
to injunctions and other appropriate equitable relief in addition to whatever
remedies such party may have at law.

    

    14.           Benefit.  This
Agreement shall inure to the benefit of and be binding upon each of the parties
and to those individuals and entities released herein, and their respective
successors.

    

    15.           Governing Law. 
This Agreement shall be governed by, and construed in accordance with the laws
of the State of Delaware without resort to any principle of conflict of laws
that would require application of the laws of any other jurisdiction, except as
may apply to you pursuant to applicable employment or related laws of the United
Kingdom.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    16.           Severability. 
If any of the provisions of this Separation Agreement is held to be invalid or
unenforceable, the remaining provisions will nevertheless continue to be valid
and enforceable to the fullest extent permitted by law.

    

    17.           Entire
Agreement.  This Separation Agreement represents and contains the
entire understanding between the parties in connection with its subject matter,
and supersedes any prior written or oral agreements or understandings. No
modification or waiver of any provision of this Separation Agreement shall be
valid unless in writing and signed by you and an authorized representative of
the Company.

    

    18.           Counterparts. 
This Separation Agreement may be executed in counterparts, and all parties need
not execute the same counterpart; however, no party shall be bound by this
Separation Agreement until a counterpart hereof has been executed by you and the
Company. Facsimiles or other electronic transmission (e.g., pdf) shall be effective
as originals.

    

    [Remainder
of page intentionally left blank.]

    

    
      
         

      

      
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    Please
evidence your agreement to each of the provisions of this Separation Agreement
by executing a counterpart hereof where indicated and returning to Gerald M.
Czarnecki, Chairman, c/o O2Media, Inc., 2001 Sample Road, Suite 101,
Pompano Beach, Florida 33064.

    .

     

    Very
truly yours,

    

    AFTERSOFT
GROUP, INC.

    

    
      
        
          
            
              
                
                  
                    	
                            By:

                          	
                             

                          	 	 
	 
      	
                            Name:
      

                          	 	 	 
	 
      	
                            Title:
      

                          	 	 	 

                  

                

              

            

          

        

      

    

    

    Accepted
as of the date first above written:

     

    
      
        
          	
                   

                	 
	
                  Simon
      Chadwick

                	 

        

      

    

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

    

    Exhibit
A

    

    Form
of Notice of Conversion of Refinancing Fee

    

    
      
        	 
      	
                [Date]

              

      

    

     

    Via Electronic Mail and
Facsimile

    

    Chief
Financial Officer

    Aftersoft
Group, Inc.

    

    Dear Sir
or Madam:

    

    Reference is made to Section 3 of that
certain Separation Agreement dated as of January [__], 2010 (the “Agreement”)
between Simon Chadwick and Aftersoft Group Inc. (the
“Company”).  Section 3 of the Agreement provides that I may elect to
convert the Financing Fee, as defined in the Agreement, to equity.  On
[date],
I was provided with notice that I was entitled to a Financing Fee of $[amount].  I
hereby elect to convert such Financing Fee as provided in the
Agreement.  Kindly have the certificate for such shares issued in the
name of [insert
name].

    

    
      
        	 
      	
                Very
      truly yours,

              

      

    

    

    Company
Acknowledgement:

    

    On [insert
date], we received notice of your intent to convert the Financing Fee of
$[amount]
into equity at a rate of $1.10 of equity for each $1.00 of Financing
Fee.  The closing price of the Company’s common stock on [insert
date] was [insert
closing price].  A certificate for [insert
number of shares] shall be issued in the name of [insert
name] per your prior instructions.

    

    
      
        
          	 
      	
                  By:

                	
                   

                
	 
      	 
      	 
      
	 
      	
                  Its:

                	
                  Chief Financial
  Officer

                

        

      

    

    

    
      
         

      

      
        A-1

        
          

        

      

      
         

      

    

     

    Exhibit
B

    

    INDEMNITY
AGREEMENT

     

    This
INDEMNITY AGREEMENT (the “Agreement”) is dated as of January 20, 2010, and is
made by and between Aftersoft Group, Inc., a Delaware corporation (the
“Company”), and Simon Chadwick, an officer and director of the Company (the
“Indemnitee”).

     

    RECITALS

     

    A.           WHEREAS
the Indemnitee has been employed by the Company and/or its affiliates since
[_____], 2006; and

     

    B.           WHEREAS
the Indemnitee and the Company have determined that it is in their mutual best
interests to terminate the Indemnitee’s employment effective January 31, 2010;
and

     

    C.           WHEREAS,
the Board of Directors of the Company (the “Board”) has agreed, as part of the
Indemnitee’s separation from the Company, to provide Indemnitee with
indemnification for all acts by the Indemnity to the maximum permissible
liability for Expenses, losses, liabilities and damages in connection with
claims against the Indemnitee relating to his service in such capacity as
Chairman of the Board, a director, and an officer of the Company;
and

     

    D.           WHEREAS
Section 145 of the General Corporation Law of Delaware, under which the Company
is organized (the “Law”), empowers the Company to indemnify by agreement its
officers, directors, employees and agents, and persons who serve, at the request
of the Company, as directors, officers, employees or agents of other
corporations or enterprises, and expressly provides that the indemnification
provided by the Law is not exclusive; further the provisions of the Certificate
of Incorporation of the Company, as amended (the “Certificate of Incorporation”)
specifically state that the rights to indemnification and payment of expenses
described therein are not exclusive, and thereby contemplate that contracts with
respect to indemnification and payment of Expenses by the Company and similar
obligations of the Company may be entered into by and between the Company and
persons entitled to such rights described in the Certificate of Incorporation;
and

     

    NOW,
THEREFORE, the parties hereto, intending to be legally bound, hereby agree as
follows:

     

    1.            Definitions.

     

    1.1.         Agent.  For
the purposes of this Agreement, “Agent” of the Company means any person who is
or at any time was a director or officer of the Company or a subsidiary of the
Company; or is or at any time was serving at the request of, for the convenience
of, or to represent the interest of the Company or a subsidiary of the Company
as a director or officer of another foreign or domestic corporation,
partnership, joint venture, trust or other enterprise or an affiliate of the
Company; or was a director or officer of another enterprise or affiliate of the
Company at the request of, for the convenience of, or to represent the interests
of such predecessor corporation. The term “enterprise” includes any employee
benefit plan of the Company, its subsidiaries, affiliates and predecessor
corporations.

     

    
      
         

      

      
        B-1

        
          

        

      

      
         

      

    

     

    1.2.         Change
in Control.  “Change in Control” means a change in control of the
Company occurring after January 31, 2010, of a nature that would be required to
be reported in response to Item 6(e) of Schedule 14A of Regulation 14A (or in
response to any similar item on any similar schedule or form) promulgated under
the Securities Exchange Act of 1934 (the “Act”), whether or not the Company is
then subject to such reporting requirement; provided, however, that,
without limitation, such a Change in Control shall be deemed to have occurred if
after January 31, 2010, (i) any “person” (as such term is used in Sections 13(d)
and 14(d) of the Act) other than a trustee or other fiduciary holding securities
under an employee benefit plan of the Company or a corporation owned directly or
indirectly by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company is or becomes the
“beneficial owner” (as defined in Rule 13d-3 under the Act), directly or
indirectly, of securities of the Company representing 15% or more of the
combined voting power of the Company’s then outstanding securities without the
prior approval of at least two-thirds of the members of the board of directors
of the Company in office immediately prior to such person attaining such
percentage interest; (ii) there occurs a proxy contest, or the Company is a
party to a merger, consolidation, sale of assets, plan of liquidation or other
reorganization not approved by at least two-thirds of the members of the board
of directors of the Company then in office, as a consequence of which members of
the board of directors in office immediately prior to such transaction or event
constitute less than a majority of the board of directors thereafter; or (iii)
during any period of two consecutive years, other than as a result of an event
described in clause (ii) of this subsection (c), individuals who at the
beginning of such period constituted the board of directors of the Company
(including for this purpose any new director whose election or nomination for
election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who were directors at the
beginning of such period) cease for any reason to constitute at least a majority
of the board of directors.

     

    1.3.         Company.  As
used herein the term “Company” includes all successors and assigns to the
Company, including, without limitation, any corporation or other entity that is
a successor to the Company by virtue of a Change in Control.

     

    1.4.         Controlled.
“Controlled” means subject to the power to exercise a controlling influence over
the management or policies of a corporation, partnership, joint venture, trust
or other entity.

     

    
      
         

      

      
        B-2

        
          

        

      

      
         

      

    

     

    1.5.         Expenses.
For purposes of this Agreement, “Expenses” includes all direct and indirect
costs of any type or nature whatsoever (including, without limitation,
attorneys’ fees and related disbursements and retainers, costs of travel, other
out-of-pocket costs such as fees and disbursements of expert witnesses, private
investigators and professional advisors, court costs, transcript costs, fees of
experts, duplicating, printing, and binding costs, telephone and fax
transmission charges, postage, delivery services, secretarial services and other
disbursements and expenses and reasonable compensation for time spent by the
Indemnitee for which he is not otherwise compensated by the Company or any third
party) actually and reasonably incurred by the Indemnitee in connection with the
investigation, defense or appeal of a proceeding or establishing or enforcing a
right to indemnification or advancement of expenses under this Agreement,
Section 145 of the Law or otherwise.

     

    1.6.         Proceeding.
For the purposes of this Agreement, a “Proceeding” means any threatened,
pending, or completed action, suit, arbitration, alternate dispute resolution
process, investigation, administrative hearing, appeal, inquiry or other
proceeding, whether civil, criminal, administrative, investigative or any other
type whatsoever, whether formal or informal, including a proceeding initiated by
Indemnitee pursuant to Section 9 of this Agreement to enforce Indemnitee’s
rights hereunder.

     

    1.7.         Subsidiary.
For purposes of this Agreement, “Subsidiary” means any corporation, partnership,
limited liability company, trust, joint venture, or other entity of which more
than fifty percent (50%) of the outstanding voting securities is owned directly
or indirectly by the Company, by the Company and one or more of its subsidiaries
or by one or more of the Company’s subsidiaries.

     

    2.            Directors’ and Officers’
Insurance. The Company shall, to the extent that the Board determines it
to be economically reasonable, maintain a policy of directors’ and officers’
liability insurance (“D&O Insurance”), on such terms and conditions as may
be approved by the Board.

     

    3.            Mandatory
Indemnification. Subject to Section 9 below, the Company shall indemnify
and hold the Indemnitee harmless to the fullest extent permitted by the Law.
Without limiting the generality of the foregoing, the Company shall indemnify
and hold harmless the Indemnitee as follows:

     

    3.1.         Third
Party Actions. If the Indemnitee is a person who was or is a party or is
threatened to be made a party to any proceeding (other than an action by or in
the right of the Company) by reason of the fact that he is or at any time was an
agent of the Company, or by reason of anything done or not done by him in any
such capacity, against any and all claims, expenses and liabilities of any type
whatsoever (including, but not limited to, attorneys’ fees, judgments, fines,
ERISA excise taxes or penalties and amounts paid in settlement) actually and
reasonably incurred by him in connection with the investigation, defense,
settlement or appeal of such proceeding if he acted in good faith and in a
manner he reasonably believed to be in, or not opposed to, the best interests of
the Company and, with respect to any criminal action or proceeding, had no
reasonable cause to believe his conduct was unlawful; and/or

     

    
      
         

      

      
        B-3

        
          

        

      

      
         

      

    

     

    3.2.         Derivative
Actions. If the Indemnitee is a person who was or is a party or is threatened to
be made a party to any proceeding by or in the right of the Company to procure a
judgment in its favor by reason of the fact that he is or at any time was an
agent of the Company, or by reason of anything done or not done by him in any
such capacity, against any and all claims, expenses and liabilities, including
without limitation attorneys’ fees, amounts paid in settlement of any such
proceeding and all expenses actually and reasonably incurred by him in
connection with the investigation, defense, settlement, or appeal of such
proceeding if he acted in good faith and in a manner he reasonably believed to
be in, or not opposed to, the best interests of the Company; except that no
indemnification under this subsection shall be made in respect of any claim,
issue or matter as to which such person shall have been finally adjudged, in a
judgment not subject to appeal, to be liable to the Company by a court of
competent jurisdiction due to willful misconduct of a culpable nature in the
performance of his duty to the Company, unless and only to the extent that the
Court of Chancery in Delaware or the court in which such proceeding was brought
shall determine upon application that, despite the adjudication of liability but
in view of all the circumstances of the case, such person is fairly and
reasonably entitled to indemnity for such amounts which the Court of Chancery or
such other court shall deem proper; and/or

     

    3.3.         Exception
for Amounts Covered by Insurance. Notwithstanding the foregoing, the Company
shall not be obligated to indemnify the Indemnitee for expenses or liabilities
of any type whatsoever (including, but not limited to, judgments, fines, ERISA
excise taxes or penalties and amounts paid in settlement) to the extent such
have been paid directly to the Indemnitee by D&O Insurance.

     

    4.            Partial Indemnification and
Contribution.

     

    4.1.         Partial
Indemnification. If the Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for some or a portion of any
expenses or liabilities of any type whatsoever (including, but not limited to,
judgments, fines, ERISA excise taxes or penalties and amounts paid in
settlement) incurred by him in the investigation, defense, settlement, or appeal
of a proceeding but is not entitled, however, to indemnification for all of the
total amount thereof, then the Company shall nevertheless indemnify the
Indemnitee for such total amount except as to the portion thereof to which the
Indemnitee is not entitled to indemnification.

     

    4.2.         Contribution.
If the Indemnitee is not entitled to the indemnification provided in Section 4
for any reason other than the statutory limitations set forth in the Law, then
in respect of any threatened, pending or completed proceeding in which the
Company is jointly liable with the Indemnitee (or would be if joined in such
proceeding), the Company shall contribute to the amount of Expenses (including
attorneys’ fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred and paid or payable by the Indemnitee in such proportion as
is appropriate to reflect (i) the relative benefits received by the Company on
the one hand and the Indemnitee on the other hand from the transaction from
which such proceeding arose and (ii) the relative fault of the Company on the
one hand and of the Indemnitee on the other hand in connection with the events
which resulted in such Expenses, judgments, fines or settlement amounts, as well
as any other relevant equitable considerations. The relative fault of the
Company on the one hand and of the Indemnitee on the other hand shall be
determined by reference to, among other things, the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent the
circumstances resulting in such Expenses, judgments, fines or settlement
amounts. The Company agrees that it would not be just and equitable if
contribution pursuant to this Section 5 were determined by pro rata allocation
or any other method of allocation, which does not take account of the foregoing
equitable considerations.

     

    
      
         

      

      
        B-4

        
          

        

      

      
         

      

    

     

    5.            Mandatory Advancement of
Expenses.

     

    5.1.         Advancement.
Subject to Section 9 below, the Company shall advance all expenses incurred by
the Indemnitee in connection with the investigation, participation, defense,
settlement or appeal of any proceeding to which the Indemnitee is a party or is
threatened to be made a party by reason of the fact that the Indemnitee is or at
any time was an agent of the Company or by reason of anything done or not done
by him in any such capacity. The Indemnitee hereby undertakes promptly to repay
such amounts advanced only if, and to the extent that, it shall ultimately be
determined that the Indemnitee is not entitled to be indemnified by the Company
under the provisions of this Agreement, the Certificate of Incorporation, or
Bylaws of the Company, the Law or otherwise. The advances to be made hereunder
shall be paid by the Company to the Indemnitee within thirty (30) days following
delivery of a written request therefor by the Indemnitee to the
Company.

     

    5.2.         Exception.
Notwithstanding the foregoing provisions of this Section 6, the Company shall
not be obligated to advance any expenses to the Indemnitee arising from a
lawsuit filed directly by the Company against the Indemnitee if an absolute
majority of the members of the Board reasonably determines in good faith, within
thirty (30) days of the Indemnitee’s request to be advanced expenses, that the
facts known to them at the time such determination is made demonstrate clearly
and convincingly that the Indemnitee acted in bad faith. If such a determination
is made, the Indemnitee may have such decision reviewed by another forum, in the
manner set forth in Sections 8.3, 8.4 and 8.5 hereof, with all references
therein to “indemnification” being deemed to refer to “advancement of expenses,”
and the burden of proof shall be on the Company to demonstrate clearly and
convincingly that, based on the facts known at the time, the Indemnitee acted in
bad faith. The Company may not avail itself of this Section 6.2 as to a given
lawsuit if, at any time after the occurrence of the activities or omissions that
are the primary focus of the lawsuit, the Company has undergone a change in
control. For this purpose, a change in control shall mean a given person or
group of affiliated persons or groups increasing their beneficial ownership
interest in the Company by at least fifteen (15) percentage points without
advance Board approval.

     

    6.            Notice and Other
Indemnification Procedures.

     

    6.1.         Promptly
after receipt by the Indemnitee of notice of the commencement of or the threat
of commencement of any proceeding, the Indemnitee shall, if the Indemnitee
believes that indemnification with respect thereto may be sought from the
Company under this Agreement, notify the Company of the commencement or threat
of commencement thereof.

     

    
      
         

      

      
        B-5

        
          

        

      

      
         

      

    

     

    6.2.         If,
at the time of the receipt of a notice of the commencement of a proceeding
pursuant to Section 7.1 hereof, the Company has D&O Insurance in effect, the
Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the respective policies.
The Company shall thereafter take all necessary or desirable action to cause
such insurers to pay, on behalf of the Indemnitee, all amounts payable as a
result of such proceeding in accordance with the terms of such D&O Insurance
policies.

     

    6.3.         In
the event the Company shall be obligated to advance the expenses for any
proceeding against the Indemnitee, the Company, if appropriate, shall be
entitled to assume the defense of such proceeding, with counsel approved by the
Indemnitee (which approval shall not be unreasonably withheld), upon the
delivery to the Indemnitee of written notice of its election to do so. After
delivery of such notice, approval of such counsel by the Indemnitee and the
retention of such counsel by the Company, the Company will not be liable to the
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
the Indemnitee with respect to the same proceeding, provided that: (a) the
Indemnitee shall have the right to employ his own counsel in any such proceeding
at the Indemnitee’s expense; (b) the Indemnitee shall have the right to employ
his own counsel in connection with any such proceeding, at the expense of the
Company, if such counsel serves in a review, observer, advice, and counseling
capacity and does not otherwise materially control or participate in the defense
of such proceeding; or (c) if (i) the employment of counsel by the Indemnitee
has been previously authorized by the Company, (ii) the Indemnitee shall have
reasonably concluded that there may be a conflict of interest between the
Company and the Indemnitee in the conduct of any such defense or (iii) the
Company shall not, in fact, have employed counsel to assume the defense of such
proceeding, then the fees and expenses of the Indemnitee’s counsel shall be at
the expense of the Company.

     

    7.            Determination of Right to
Indemnification.

     

    7.1.         To
the extent the Indemnitee has been successful on the merits or otherwise in
defense of any proceeding referred to in Section 4.1 or 4.2 of this Agreement or
in the defense of any claim, issue or matter described therein, the Company
shall indemnify the Indemnitee against expenses actually and reasonably incurred
by him in connection with the investigation, defense or appeal of such
proceeding, or such claim, issue or matter, as the case may be, including
without limitation Indemnitee’s attorneys’ fees.

     

    7.2.         In
the event that Section 8.1 is inapplicable, or does not apply to the entire
proceeding, the Company shall nonetheless indemnify the Indemnitee unless the
Company shall prove by clear and convincing evidence to a forum listed in
Section 8.3 below that the Indemnitee has not met the applicable standard of
conduct required to entitle the Indemnitee to such indemnification.

     

    7.3.         The
Indemnitee shall be entitled to select the forum in which the validity of the
Company’s claim under Section 8.2 hereof that the Indemnitee is not entitled to
indemnification will be heard from among the following:

     

    
      
         

      

      
        B-6

        
          

        

      

      
         

      

    

     

    (a)            a
quorum of the Board consisting of directors who are not parties to the
proceeding for which indemnification is being sought;

     

    (b)            the
stockholders of the Company, provided however that the Indemnitee can select a
forum consisting of the stockholders of the Company only with the approval of
the Company;

     

    (c)            legal
counsel mutually agreed upon by the Indemnitee and the Board, which counsel
shall make such determination in a written opinion;

     

    (d)            a
panel of three arbitrators, one of whom is selected by the Company, another of
whom is selected by the Indemnitee and  the last of whom is selected
by the first two arbitrators so selected; or

     

    (e)            the
Court of Chancery of Delaware or other court having jurisdiction of subject
matter and the parties.

     

    7.4.         As
soon as practicable, and in no event later than thirty (30) days after the forum
has been selected pursuant to Section 8.3 above, the Company shall, at its own
expense, submit to the selected forum its claim that the Indemnitee is not
entitled to indemnification, and the Company shall act in the utmost good faith
to assure the Indemnitee a complete opportunity to defend against such
claim.

     

    7.5.         If
the forum selected in accordance with Section 8.3 hereof is not a court, then
after the final decision of such forum is rendered, the Company or the
Indemnitee shall have the right to apply to the Court of Chancery of Delaware,
the court in which the proceeding giving rise to the Indemnitee’s claim for
indemnification is or was pending or any other court having jurisdiction of
subject matter and the parties, for the purpose of appealing the decision of
such forum, provided that such right is executed within sixty (60) days after
the final decision of such forum is rendered. If the forum selected in
accordance with Section 8.3 hereof is a court, then the rights of the Company or
the Indemnitee to appeal any decision of such court shall be governed by the
applicable laws and rules governing appeals of the decision of such
court.

     

    7.6.         Notwithstanding
any other provision in this Agreement to the contrary, the Company shall
indemnify the Indemnitee against all Expenses incurred by the Indemnitee in
connection with any hearing or proceeding under this Section 8 involving the
Indemnitee and against all Expenses incurred by the Indemnitee in connection
with any other proceeding between the Company and the Indemnitee involving the
interpretation or enforcement of the rights of the Indemnitee under this
Agreement unless a court of competent jurisdiction finds that each of the
material claims and/or defenses of the Indemnitee in any such proceeding was
frivolous or not made in good faith.

     

    8.            Exceptions. Any other
provision herein to the contrary notwithstanding, the Company shall not be
obligated pursuant to the terms of this Agreement:

     

    
      
         

      

      
        B-7

        
          

        

      

      
         

      

    

     

    8.1.         Claims
Initiated by Indemnitee. To indemnify or advance expenses to the Indemnitee with
respect to proceedings or claims initiated or brought voluntarily by the
Indemnitee and not by way of defense, except with respect to proceedings
specifically authorized by the Board or brought to establish or enforce a right
to indemnification and/or advancement of Expenses arising under this Agreement,
the charter documents of the Company or any Subsidiary or any statute or law or
otherwise, but such indemnification or advancement of Expenses may be provided
by the Company in specific cases if the Board finds it to be appropriate;
or

     

    8.2.         Unauthorized
Settlements. To indemnify the Indemnitee hereunder for any amounts paid in
settlement of a proceeding unless the Company consents in advance in writing to
such settlement, which consent shall not be unreasonably withheld;
or

     

    8.3.         Securities
Law Actions. To indemnify the Indemnitee on account of any suit in which
judgment is rendered against the Indemnitee for an accounting of profits made
from the purchase or sale by the Indemnitee of securities of the Company
pursuant to the provisions of Section l6(b) of the Securities Exchange Act of
1934 and amendments thereto or similar provisions of any federal, state or local
statutory law; or

     

    8.4.         Unlawful
Indemnification. To indemnify the Indemnitee if a final decision by a court
having jurisdiction in the matter, in a judgment not subject to appeal, shall
determine that such indemnification is not lawful. In this respect, the Company
and the Indemnitee have been advised that the Securities and Exchange Commission
takes the position that indemnification for liabilities arising under the
federal securities laws is against public policy and is, therefore,
unenforceable and that claims for indemnification should be submitted to
appropriate courts for adjudication.

     

    9.            Non-Exclusivity.

     

    THE
PROVISIONS FOR INDEMNIFICATION AND ADVANCEMENT OF EXPENSES SET FORTH IN THIS
AGREEMENT SHALL NOT BE DEEMED EXCLUSIVE OF ANY OTHER RIGHTS WHICH THE INDEMNITEE
MAY HAVE UNDER ANY PROVISION OF LAW, THE COMPANY’S CERTIFICATE OF INCORPORATION
OR BYLAWS, THE VOTE OF THE COMPANY’S STOCKHOLDERS OR DISINTERESTED DIRECTORS,
OTHER AGREEMENTS OR OTHERWISE, BOTH AS TO ACTION IN THE INDEMNITEE’S OFFICIAL
CAPACITY AND TO ACTION IN ANOTHER CAPACITY WHILE OCCUPYING HIS POSITION AS AN
AGENT OF THE COMPANY, AND THE INDEMNITEE’S RIGHTS HEREUNDER SHALL CONTINUE AFTER
THE INDEMNITEE HAS CEASED ACTING AS AN AGENT OF THE COMPANY AND SHALL INURE TO
THE BENEFIT OF THE HEIRS, EXECUTORS AND ADMINISTRATORS OF THE
INDEMNITEE.

     

    10.            Burden of Proof. In
making a determination with respect to entitlement to indemnification hereunder,
the person or persons or entity making such determination shall presume that
Indemnitee is entitled to indemnification under this Agreement, and the Company
shall have the burden of proof to overcome that presumption in connection with
the making by any person, persons or entity of any determination contrary to
that presumption.

     

    
      
         

      

      
        B-8

        
          

        

      

      
         

      

    

     

    11.         Duration of
Agreement.

     

    This
Agreement shall continue until and terminate upon the later of: (a) 10 years
after the date that the Indemnitee shall have ceased to serve as a director
and/or officer of the Company or director, officer, employee or agent of any
other corporation, partnership, joint venture, trust, employee benefit plan or
other enterprise which the Indemnitee served at the request of the Company; or
(b) one year after the final, nonappealable termination of any Proceeding then
pending in respect of which the Indemnitee is granted rights of indemnification
or advancement of Expenses hereunder and of any proceeding commenced by the
Indemnitee pursuant to Section 10 of this Agreement relating
thereto.

    

    12.         General
Provisions.

     

    12.1.       Interpretation
of Agreement. It is understood that the parties hereto intend this Agreement to
be interpreted and enforced so as to provide indemnification and advancement of
expenses to the Indemnitee to the fullest extent now or hereafter permitted by
law, except as expressly limited herein.

     

    12.2.       Severability.
If any provision or provisions of this Agreement shall be held to be invalid,
illegal, or unenforceable for any reason whatsoever, then:

     

    (a)            the
validity, legality and enforceability of the remaining provisions of this
Agreement (including, without limitation, all portions of any paragraphs of this
Agreement containing any such provision held to be invalid, illegal, or
unenforceable that are not themselves invalid, illegal, or unenforceable) shall
not in any way be affected or impaired thereby; and

     

    (b)            to
the fullest extent possible, the provisions of this Agreement (including,
without limitation, all portions of any paragraphs of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that are not
themselves invalid, illegal or unenforceable) shall be construed so as to give
effect to the intent manifested by the provision held invalid, illegal or
unenforceable and to give effect to Section 13.1 hereof.

     

    12.3.       Modification
and Waiver. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by both of the parties hereto. No waiver of
any of the provisions of this Agreement shall be deemed or shall constitute a
waiver of any other provision hereof (whether or not similar), nor shall such
waiver constitute a continuing waiver.

     

    12.4.       Subrogation.
In the event of full payment under this Agreement, the Company shall be
subrogated to the extent of such payment to all of the rights of recovery of the
Indemnitee, who shall execute all documents required and shall do all acts that
may be necessary or desirable to secure such rights and to enable the Company
effectively to bring suit to enforce such rights.

     

    
      
         

      

      
        B-9

        
          

        

      

      
         

      

    

     

    12.5.       Counterparts.
This Agreement may be executed in one or more counterparts and via facsimile,
each of which shall constitute an original, but all of which when taken together
shall constitute a single agreement.

     

    12.6.       Successors
and Assigns. The terms of this Agreement shall bind, and shall inure to the
benefit of, the successors and assigns of the parties hereto.

     

    12.7.       Notice.
All notices, requests, demands and other communications under this Agreement
shall be in writing and shall be deemed duly given: (a) if delivered by hand and
signed for by the party addressee; or (b) if mailed by certified or registered
mail, with postage prepaid, on the third business day after the mailing date.
Addresses for notices to either party are as shown on the signature page of this
Agreement or as subsequently modified by written notice.

     

    12.8.       Gender.
The masculine, feminine or neuter pronouns used herein shall be interpreted
without regard to gender, and the use of the singular or plural shall be deemed
to include the other whenever the context so requires.

     

    12.9.       Governing
Law. This Agreement shall be governed exclusively by and construed according to
the laws of the State of Delaware, as applied to contracts between Delaware
residents entered into and to be performed entirely within
Delaware.

     

    If the
General Corporation Law of the State of Delaware (the “Delaware Law”) or any
other applicable law is amended after the date hereof to permit the Company to
indemnify Indemnitee for Expenses or liabilities, or to indemnify Indemnitee
with respect to any action or Proceeding, not contemplated by this Agreement,
then this Agreement (without any further action be either party hereto) shall
automatically be deemed to be amended to require that the Company indemnify
Indemnitee to the fullest extent permitted by the Delaware Law.

     

    12.10.     Consent
to Jurisdiction. The Company and the Indemnitee each hereby irrevocably consent
to the jurisdiction of the courts of the State of Delaware for all purposes in
connection with any action or proceeding, which arises out of or relates to this
Agreement.

     

    12.11.     Attorneys’
Fees. In the event Indemnitee is required to bring any action to enforce rights
under this Agreement (including, without limitation, the payment or
reimbursement of expenses of any proceeding described in Section 4), the
Indemnitee shall be entitled to all reasonable fees and expenses in bringing and
pursuing such action, unless a court of competent jurisdiction finds each of the
material claims of the Indemnitee in any such action was frivolous and not made
in good faith.

     

    [Balance
of the Page Intentionally Left Blank]

     

    
      
         

      

      
        B-10

        
          

        

      

      
         

      

    

     

    IN
WITNESS WHEREOF, the parties hereto have entered into this Agreement effective
as of the date first written above.

     

    
      
        
          
            
              
                
                  	
                          AFTERSOFT
      GROUP, INC.

                        	 	
                          INDEMNITEE

                        
	 
      	 	 
      
	
                          By:

                        	 
      	 	
                          By:

                        	 
      
	
                          Name:
      

                        	 
      	 	
                          Name:
      Simon Chadwick

                        
	
                          Title:  

                        	 
      	 	
                          Title:
      Chief Operating Officer and Director

                        
	 
      	 	 
      
	
                          Date:
      January 20, 2010

                        	 	
                          Date:
      January 20, 2010

                        
	 
      	 	 
      
	
                          Address:

                        	 	
                          Address:

                        

                

              

            

          

        

      

    

     

    
      
         

      

      
        B-11

        
          

        

      

      
         

      

    

     

    Exhibit
C

    

    Draft
Press Release

    

    Aftersoft
Group, Inc. Business Realignment

    

    NEW YORK—(PRNewswire)—January
XX, 2010 — Aftersoft Group, Inc. (OTCBB: ASFG), a major supplier of
Business and ERP supply chain management solutions to automotive parts and tire,
distributors, jobbers, retailers, and installers announced today that it has
completed a realignment of its business units.

    

    The
realignment results in the company’s US division, Aftersoft Network, N.A.,
reporting into Mike Jamieson, General Manager of MAM, Inc.  As part of
the realignment, Aftersoft announced that its CEO Ian Warwick and COO Simon
Chadwick, had resigned from the company, effective January 31,
2010.

    

    Commented
Gerry Czarnecki, Chairman of the Board: “The progress made in the US over the
past several years enables us to take the action we are announcing
today.  Now that the US organization is beginning to show a profit, we
are able to consolidate the operation of the US and UK businesses under a single
management team and further consolidate our activities as a means toward further
profit improvement.”  Continued Czarnecki: “I thank Ian Warwick and
Simon Chadwick for their tireless efforts in getting these businesses where they
are today.  Without their efforts these past several years, this might
not have become a reality.”

    

    
      
         

      

      
        C-1PURCHASE
AND SALE AGREEMENT

     

     

     

     

     

     

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    TABLE OF
CONTENTS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      
                                                                                        
                                                                                          
                                                                                            
                                                                                              
                                                                                                
                                                                                                  
                                                                                                    
                                                                                                      
                                                                                                        
                                                                                                          
                                                                                                            	
                                                                                                                    ARTICLE I PURCHASE AND SALE

                                                                                                                  	 	
                                                                                                                    1

                                                                                                                  
	
                                                                                                                    1.01

                                                                                                                  	
                                                                                                                    Purchase and Sale

                                                                                                                  	 	
                                                                                                                    1

                                                                                                                  
	
                                                                                                                    1.02

                                                                                                                  	
                                                                                                                    Interests

                                                                                                                  	 	
                                                                                                                    1

                                                                                                                  
	
                                                                                                                    1.03

                                                                                                                  	
                                                                                                                    Effective Time

                                                                                                                  	 	
                                                                                                                    2

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE II PURCHASE PRICE

                                                                                                                  	 	
                                                                                                                    3

                                                                                                                  
	
                                                                                                                    2.01

                                                                                                                  	
                                                                                                                    Purchase Price

                                                                                                                  	 	
                                                                                                                    3

                                                                                                                  
	
                                                                                                                    2.02

                                                                                                                  	
                                                                                                                    Adjustments to Purchase
    Price

                                                                                                                  	 	
                                                                                                                    3

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE III REPRESENTATIONS AND
      WARRANTIES

                                                                                                                  	 	
                                                                                                                    4

                                                                                                                  
	
                                                                                                                    3.01

                                                                                                                  	
                                                                                                                    Representations and Warranties of
      Seller

                                                                                                                  	 	
                                                                                                                    4

                                                                                                                  
	
                                                                                                                    3.02

                                                                                                                  	
                                                                                                                    Representations and Warranties of
      Buyer

                                                                                                                  	 	
                                                                                                                    7

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE IV COVENANTS

                                                                                                                  	 	
                                                                                                                    9

                                                                                                                  
	
                                                                                                                    4.01

                                                                                                                  	
                                                                                                                    Covenants of Seller

                                                                                                                  	 	
                                                                                                                    9

                                                                                                                  
	
                                                                                                                    4.02

                                                                                                                  	
                                                                                                                    Covenants of Buyer

                                                                                                                  	 	
                                                                                                                    10

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE V TITLE MATTERS, ENVIRONMENTAL MATTERS,
      CASUALTY LOSS AND ABANDONMENT

                                                                                                                  	 	
                                                                                                                    11

                                                                                                                  
	
                                                                                                                    5.01

                                                                                                                  	
                                                                                                                    Seller’s
      Title

                                                                                                                  	 	
                                                                                                                    11

                                                                                                                  
	
                                                                                                                    5.02

                                                                                                                  	
                                                                                                                    Definition of Marketable
    Title

                                                                                                                  	 	
                                                                                                                    11

                                                                                                                  
	
                                                                                                                    5.03

                                                                                                                  	
                                                                                                                    Definition of Permitted
      Encumbrances

                                                                                                                  	 	
                                                                                                                    11

                                                                                                                  
	
                                                                                                                    5.04

                                                                                                                  	
                                                                                                                    Definition of Title Defect

                                                                                                                  	 	
                                                                                                                    13

                                                                                                                  
	
                                                                                                                    5.05

                                                                                                                  	
                                                                                                                    Title Procedure

                                                                                                                  	 	
                                                                                                                    13

                                                                                                                  
	
                                                                                                                    5.06

                                                                                                                  	
                                                                                                                    Consents and Preferential
      Rights

                                                                                                                  	 	
                                                                                                                    14

                                                                                                                  
	
                                                                                                                    5.07

                                                                                                                  	
                                                                                                                    Environmental Procedure

                                                                                                                  	 	
                                                                                                                    14

                                                                                                                  
	
                                                                                                                    5.08

                                                                                                                  	
                                                                                                                    Casualty Loss

                                                                                                                  	 	
                                                                                                                    16

                                                                                                                  
	
                                                                                                                    5.09

                                                                                                                  	
                                                                                                                    Plugging and Abandonment

                                                                                                                  	 	
                                                                                                                    17

                                                                                                                  
	
                                                                                                                    5.10

                                                                                                                  	
                                                                                                                    Disclaimer of Warranties

                                                                                                                  	 	
                                                                                                                    17

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE VI CONDITIONS TO
      CLOSING

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	
                                                                                                                    6.01

                                                                                                                  	
                                                                                                                    Conditions to Obligations of
      Seller

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	
                                                                                                                    6.02

                                                                                                                  	
                                                                                                                    Conditions to Obligations of
      Buyer

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE VII CLOSING

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	
                                                                                                                    7.01

                                                                                                                  	
                                                                                                                    Date of Closing

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	
                                                                                                                    7.02

                                                                                                                  	
                                                                                                                    Place of Closing

                                                                                                                  	 	
                                                                                                                    18

                                                                                                                  
	
                                                                                                                    7.03

                                                                                                                  	
                                                                                                                    Closing Obligations

                                                                                                                  	 	
                                                                                                                    19

                                                                                                                  
	 
      	 
      	 	 
      
	
                                                                                                                    ARTICLE VIII OBLIGATIONS AFTER
      CLOSING

                                                                                                                  	 	
                                                                                                                    20

                                                                                                                  
	
                                                                                                                    8.01

                                                                                                                  	
                                                                                                                    Post-Closing Adjustments

                                                                                                                  	 	
                                                                                                                    20

                                                                                                                  
	
                                                                                                                    8.02

                                                                                                                  	
                                                                                                                    Sales Taxes and Recording
    Fees

                                                                                                                  	 	
                                                                                                                    20

                                                                                                                  

                                                                                                          

                                                                                                        

                                                                                                      

                                                                                                    

                                                                                                  

                                                                                                

                                                                                              

                                                                                            

                                                                                          

                                                                                        

                                                                                      

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        i

        
          

        

      

      
        
        

      

    

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        	
                                                                8.03

                                                              	
                                                                Indemnification

                                                              	
                                                                21

                                                              
	
                                                                8.04

                                                              	
                                                                Further Assurances

                                                              	
                                                                21

                                                              
	
                                                                8.05

                                                              	
                                                                Survival

                                                              	
                                                                21

                                                              
	
                                                                8.06

                                                              	
                                                                Limitation on Seller’s
      Liability

                                                              	 
      
	 
      	 
      	 
      
	
                                                                ARTICLE IX TERMINATION OF
      AGREEMENT

                                                              	
                                                                22

                                                              
	
                                                                9.01

                                                              	
                                                                Termination

                                                              	
                                                                22

                                                              
	
                                                                9.02

                                                              	
                                                                Return of Information

                                                              	
                                                                22

                                                              
	
                                                                9.03

                                                              	
                                                                Liabilities upon
Termination

                                                              	
                                                                22

                                                              
	 
      	 
      	 
      
	
                                                                ARTICLE X MISCELLANEOUS

                                                              	
                                                                23

                                                              
	
                                                                10.01

                                                              	
                                                                Expenses

                                                              	
                                                                23

                                                              
	
                                                                10.02

                                                              	
                                                                Notices

                                                              	
                                                                23

                                                              
	
                                                                10.03

                                                              	
                                                                Amendment

                                                              	
                                                                23

                                                              
	
                                                                10.04

                                                              	
                                                                Assignment

                                                              	
                                                                23

                                                              
	
                                                                10.05

                                                              	
                                                                Announcements

                                                              	
                                                                24

                                                              
	
                                                                10.06

                                                              	
                                                                Generality of Provisions

                                                              	
                                                                24

                                                              
	
                                                                10.07

                                                              	
                                                                Headings

                                                              	
                                                                24

                                                              
	
                                                                10.08

                                                              	
                                                                Counterparts

                                                              	
                                                                24

                                                              
	
                                                                10.09

                                                              	
                                                                References

                                                              	
                                                                24

                                                              
	
                                                                10.10

                                                              	
                                                                Governing Law

                                                              	
                                                                24

                                                              
	
                                                                10.11

                                                              	
                                                                Entire Agreement

                                                              	
                                                                24

                                                              
	
                                                                10.12

                                                              	
                                                                Severability

                                                              	
                                                                25

                                                              
	
                                                                10.13

                                                              	
                                                                Parties in Interest

                                                              	
                                                                25

                                                              

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        ii

        
          

        

      

      
        
        

      

    

     

    PURCHASE AND SALE
AGREEMENT

     

    This
Purchase and Sale Agreement (“Agreement”) dated as
of December 18, 2009 (the “Execution Date”), but
effective as of December 1, 2009, is by and between Azalea Properties, Ltd., a
Texas limited partnership (“Seller”), and RCWI,
L.P., a Texas limited partnership (“Buyer”), relative to
the “Interests” (as hereinafter defined).

     

    In
consideration of the mutual promises contained herein, the benefits to be
derived by each party hereunder and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Buyer and Seller agree
as follows:

     

    ARTICLE
I

     

    PURCHASE AND
SALE

     

    1.01        Purchase and Sale.
Seller agrees to sell and convey and Buyer agrees to purchase and pay for the
Interests subject to the terms and conditions of this Agreement.

     

    1.02        Interests. All of the
following shall be referred to as the “Interests”:

     

    (a)           The
undivided interests described in Exhibit A hereto, in
and to the entire estates created by the leases, licenses, permits and other
agreements described in Exhibit A (the “Leases”) insofar as
the Leases cover and relate to the lands described in Exhibit A (the “Lands”), together
with (i) all rights, privileges, benefits and powers conferred upon the holder
of the Leases with respect to the use and occupation of the surface of the Lands
that may be necessary, convenient or incidental to the possession and enjoyment
of the Leases, (ii) all rights in respect of any pooled or unitized acreage
located in whole or in part within the Lands by virtue of the Leases, including
rights to production from the pool or unit allocated to any Lease being a part
thereof, regardless of whether such production is from the Lands, (iii) all
rights, options, titles and interests of Seller granting Seller the right to
obtain, or otherwise earn interests within the Lands no matter how earned, and
(iv) all tenements, hereditaments and appurtenances belonging to any of the
foregoing;

     

    (b)           All
of Seller’s right, title and interest in and to the Fee, Fee Mineral and Fee
Royalty Interests described in Exhibit
A;

     

    (c)           Identical
undivided interests in and to all of the oil and gas wells, saltwater disposal
and water wells and injection wells (whether or not currently producing) (the
“Wells”) associated or
located on the properties listed on Exhibit B (the “Properties”), all
pipelines, flowlines, plants, gathering and processing systems, platforms,
buildings, compressors, meters, tanks, machinery, tools, pulling machines,
utility lines, and all of the personal property, equipment, fixtures and
improvements now or as of the Effective Time (as defined in Section 1.03 below)
in or on the Lands, appurtenant thereto or used in connection therewith or with
the production, treatment, sale or disposal of hydrocarbons or water produced
therefrom or attributable thereto and all other appurtenances thereunto
belonging, whether or not located on the Leases;

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    
 

    (d)           The
contracts and contractual rights, obligations and interest, including all
farmout agreements, farmin agreements, drilling contracts, operating agreements,
sales contracts, saltwater disposal agreements, division orders and transfer
orders and other contracts or agreements set forth on Exhibit C attached
hereto covering or affecting any or all of the Leases and/or Lands. In the event
there are other agreements or contracts necessary or desirable with respect to
the operations being conducted on the Leases, Fee Interests, Wells and Lands, at
its option, Buyer shall be entitled to the benefits of such contracts or
agreements;

     

    (e)           The
easements, licenses, authorizations, permits and similar rights and interests
applicable to, or pertinent to, the ownership and operation of Leases, Fee
Interests, Wells and the Wells;

     

    (f)        
   All inventories, oil, gas and production in tanks, in storage
below the pipeline connection in tanks or upstream of the sales meter (“line fill”) and
inventory attributable to the Leases Fee Interests, Lands and
Wells;

     

    (g)           All
other right and interests in, to or under or derived from the Interests, even
though same may be improperly described or omitted from the exhibits. It is the
express intent of the Seller and Buyer that all of Seller’s
right, title and interest in any of the properties described on Exhibit A and Exhibit B and those
on Exhibit C, subject to the qualifications set forth in Article 1.02(d), and
the interests appurtenant thereto, be assigned to Buyer hereunder;
and

     

    (h)           All
original files, records, documentation and data in Seller’s possession relating
to (or evidencing) Seller’s ownership or rights in the Leases Fee Interests,
Lands and Wells, production, rights-of-way or other rights and interests
described herein, including but not limited to lease files, land files, well
files, accounting files, production sales agreements files, division and
transfer order files, written contracts, title opinions and abstracts, legal
records, governmental filings, geological data, seismic data, information and
analysis, production reports, production logs, core sample reports and maps as
such data is assembled in the normal course of business but exclusive of (A) any
such records, data or information where the transfer of same is prohibited by
third party agreements or applicable law, as to which Seller is unable to secure
a waiver, or (B) the work product of Seller’s legal counsel, excluding title
opinions.

     

    The
respective values allocated to Seller’s interest in each of the Interests (the
“Allocated
Values”) are as set forth in Exhibit B
hereto.

     

    1.03    Effective Time. The
purchase and sale of the Interests shall be effective for all purposes as of
December 1, 2009 at 7:00 a.m., local time at the location of the Interests (the
“Effective
Time”).

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

    ARTICLE
II

     

    PURCHASE
PRICE

     

    2.01     Purchase Price. The
purchase price for the Interests shall be Twenty Two Million and No/100
($22,000,000) (the “Purchase Price”),
which shall be adjusted as set forth in Section 2.02 below. Upon the execution
hereof, Buyer shall pay to Seller by wire transfer the sum of One Million One
Hundred Thousand and No/100 ($1,100,000) (the “Earnest Money”) which
shall be governed by the terms hereof.

     

    2.02    Adjustments to Purchase
Price. The Purchase Price to be paid at Closing shall be minus the
Earnest Money and further adjusted as follows and the resulting amount shall be
referred to as the “Adjusted Purchase
Price”:

     

    (a)           The
Purchase Price shall be adjusted upward by an amount up to the total Allocated
Value of the Proven Undeveloped (“PUD’s”) opportunities
set forth on Exhibit
D, which Exhibit D shall be
generated after the Execution Date in accordance with the provisions of this
Article 2.02(a) and delivered at Closing, and which total amount shall be no
more than Two Million Five Hundred Thousand Dollars ($2,500,000.00). Buyer and
Seller shall enter into good faith negotiations to reach agreement on the
increase to the Purchase Price allocated pursuant to this Section 2.02(a).
Seller shall use commercially reasonable best efforts to provide Buyer with all
land maps necessary for Buyer to evaluate the PUD’s at least seven (7) days
prior to Closing. Buyer shall provide Seller with Exhibit D as soon as
reasonably possible after Seller’s delivery to Buyer of all maps it obtains.
Between the Execution Date and Closing, Seller will use commercially reasonable
best efforts to obtain documentation evidencing Seller’s ownership in those
leaseholds where the individual PUD’s are located. Provided such PUD
documentation is obtained, the Purchase Price will be increased by those amounts
of the Allocated Value attributable to the PUDs.

     

    (b)           The
Purchase Price shall be adjusted upward for any cash expenditures actually made
by Seller relating to the Interests from the Effective Time to the Closing
Date;

     

    (c)           The
Purchase Price shall be adjusted downward for any cash actually received by
Seller relating to the Interests from the Effective Time to the Closing
Date.

     

    (d)           The
Purchase Price shall be adjusted downward for the exercise of any Preferential
Rights (as defined in Section 5.06) or the failure to obtain any Consents (as
defined in Section 5.06) prior to the Closing pursuant to Section
5.06(b).

     

    (e)           The
Purchase Price shall be adjusted downward for any Title Defect Amount pursuant
to Section 5.05(e) and Environmental Defect Amount pursuant to Section
5.07(f).

     

    (f)        
   The Purchase Price shall be adjusted downward for 11/12ths of
any ad valorem, property, production, severance and similar taxes and
assessments on the Interests for 

    
       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

    

     

    the
calendar year 2009, which have not been paid prior to the Effective Time. It is
the intent of this provision that Seller shall bear its proportionate part of
any unpaid ad valorem, property, production, severance and similar taxes and
assessments for the tax year 2009.

         

    (g)           The
Purchase Price shall be adjusted downward by any amount attributable to
contracts, liens, judgments, encumbrances or other material liabilities and/or
obligations of Seller related to the Interests, but excluding the PUDs, under
any contracts or binding obligations which are disclosed by Seller or discovered
by Buyer after the Execution Date, and which remain ongoing obligations
affecting the Interests as of the Effective Date (collectively, the “Post Execution
Liabilities”). The amount of any adjustment shall be equal to the amount
by which such Post Execution Liabilities reduces the value of the Interests
below the Allocated Value.

     

    (h)           Seller
and Buyer agree that no adjustments other than those set forth from (a) to (e)
above shall be made to the Purchase Price.

     

    ARTICLE
III

     

    REPRESENTATIONS AND
WARRANTIES

     

    3.01    Representations and
Warranties of Seller. Seller represents and warrants to Buyer as
follows:

     

    (a)           Seller
is a Texas limited partnership duly organized, validly existing and in good
standing under the laws of its state of organization.

     

    (b)           Seller
has the requisite power and authority to carry on its business as presently
conducted, to enter into this Agreement, to sell the Interests on the terms
described in this Agreement and to perform its obligations under this Agreement.
The consummation of the transactions contemplated by this Agreement will not
violate, nor be in conflict with, (i) any provision of Seller’s governing
documents, (ii) any agreement or instrument to which Seller is a party or is
bound, except those as to which consents have been or will be obtained prior to
the Closing, or (iii) any judgment, decree, order, statute, rule or regulation
applicable to Seller.

     

    (c)           The
execution, delivery and performance of this Agreement and the transactions
contemplated hereby have been duly and validly authorized by all requisite
action on the part of Seller.

     

    (d)           This
Agreement has been duly executed and delivered on behalf of Seller, and at the
Closing all documents and instruments required hereunder to be executed and
delivered by Seller shall have been duly executed and delivered. This Agreement
does, and such documents and instruments shall, constitute legal and valid
obligations of Seller enforceable against it in accordance with its and their
respective terms.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

    (e)           Seller
has incurred no liability, contingent or otherwise, for brokers’ or finders’
fees relating to the transactions contemplated by this Agreement for which Buyer
shall have any responsibility whatsoever.

     

    (f)           
Schedule
3.01(f) describes (i) all of the unit agreements, farmout and farmin
agreements, pooling agreements, pooling designations, unit operating agreements
and operating agreements, exploration agreements, participation agreements,
transportation and gathering agreements, rig contracts, pipe and other supply
contracts and area of mutual interest agreements included in the Interests, (ii)
all of the production sales, marketing and processing agreements included in the
Interests, other than such agreements which are terminable by Seller without
penalty on 30 or fewer days’ notice, (iii) any contracts or agreements (other
than contracts for utility services) included in or burdening the Interests that
could reasonably be expected to obligate Seller to expend or pursuant to which
Seller may receive in excess of Twenty Five Thousand and NO/100 Dollars
($25,000) in any calendar year, (iv) any contract or agreement included in or
related to the Interests that is with any affiliate of Seller, and (v) any
contract or agreement that evidences an obligation to pay the deferred purchase
price of property or services ((i) - (v) collectively, the “Material Contracts”).
Seller has not received written notice of any default under any of the Material
Contracts or the Leases. The Contracts and the Leases are in full force and
effect and have not been modified or amended in any material respect, and Seller
is not in default thereunder. Prior to the execution of this Agreement, Seller
furnished to Buyer true and complete copies of each Material Contract and all
amendments thereto.

     

    (g)           No
claim, demand, filing, hearing, notice of violation, proceeding, notice or
demand letter, investigation, administrative proceeding, civil, criminal or
other action, suit or other legal proceeding is pending or, to the best of
Seller’s knowledge, threatened against Seller or any third party which operates
an Interest relating to, resulting from or affecting the ownership or operation
of the Interests. No notice from any governmental authority or any other person
(including employees) has been received by Seller or, to the best of Seller’s
knowledge, any third party which operates any Interest as to any claim, demand,
filing, hearing, notice of violation, proceeding, notice or demand letter,
relating to, resulting from or affecting the ownership or operation of the
Interests and the Material Contracts, claiming any violation of any law,
statute, rule, regulation, ordinance, order, decision or decree of any
governmental authority (including, without limitation, any such law, rule,
regulation, ordinance, order, decision or decree concerning the conservation of
natural resources) or claiming any breach of contract or agreement with any
third party.

     

    (h)           Seller
does not operate and has not operated any of the Interests.

     

    (i)      
     All royalties, rentals, and other payments due
pursuant to or with respect to the Interests, which are payable by Seller have
been properly and timely paid, and if payable by third parties, have been
properly and timely paid. There are no royalty suspense accounts maintained by
Seller with respect to the Interests. Neither Seller, nor, to the knowledge of
Seller, any other party is in default under any Lease or oil and gas lease not
listed on Exhibit
A as of the 

    
       

      
        
        

      

      
        5

        
          

        

      

      
        
        

      

       

      Execution Date, and to which Seller is a party, and the Leases identified
on Exhibit A
are valid and subsisting oil and gas leases and are currently in full force and
effect.

    

     

    (j)          
 Seller has obtained and is in compliance with all licenses, permits,
contracts, easements and agreements relating to the Interests that are required
to be obtained by Seller. To the knowledge of Seller, each third party operator
of the Interests has obtained and is in compliance with all licenses, permits,
contracts, easements and agreements relating to the Interests that are required
to be obtained by it. To the knowledge of Seller, all such licenses, permits,
contracts, easements and agreements are set forth in Schedule 3.01 (j) and
are in full force and effect; and no violations exist under such licenses,
permits, contracts and agreements. Seller is in compliance with all laws, rules
and regulations of federal, state or local entities, which have jurisdiction
over Seller, or the Interests to be sold hereunder, including but not limited to
all environmental regulations and laws. Seller has been and is in material
compliance, and to the knowledge of Seller, each third party operator of the
Interests is in material compliance, under all environmental laws.

     

    (k)           To
the knowledge of Seller, gas imbalances identified on Schedule 3.01(k) are
the only gas imbalances that exist with respect to the Interests.

     

    (1)          
Except as provided on Schedule 3.01(1) all
requisite third-party consents to assign or third-party waivers to the
assignment have been secured by Seller, or will have been secured by the Closing
Date. Only the Interests identified on Schedule 3.01(1) are
subject to any third party preferential rights to purchase.

     

    (m)         
There are no Wells included in the Interests that (i) Seller, or, to the
knowledge of Seller, a third party operator, is obligated by law or contract to
currently plug and abandon, or (ii) are subject to exceptions to a requirement
to plug and abandon issued by a governmental authority. Seller has not installed
any underground storage tanks or constructed any unlined production pits in, on
or underlying any of the Interests, and to the knowledge of Seller, no
underground storage tanks or unlined production pits have been installed or
constructed by anyone else in, on or underlying any of the
Interests.

     

    (n)           Schedule 3.01(n)
contains a true and complete list of (i) all authorizations for expenditures for
all drilling operations applicable to the Interests in excess of Five Thousand
and NO/100 Dollars ($5,000) or for capital expenditures with respect to such
Interests in excess of Five Thousand and NO/100 Dollars ($5,000) that have been
proposed by any person on or after the Effective Time, whether or not accepted
by Seller or any other person, and (ii) all authorizations for expenditure in
excess of Five Thousand and NO/100 Dollars ($5,000) and written commitments for
all drilling operations in excess of Five Thousand and NO/100 Dollars ($5,000)
applicable to such Interests or for other capital expenditures with respect to
such Interests in excess of Five Thousand and NO/100 Dollars ($5,000) for which
all of the activities anticipated in such authorizations for expenditures or
commitments have not been completed by the Effective Time.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

    (o)          
All property, ad valorem, production, severance and other taxes of a similar
nature that are due have been timely paid or are being contested in good faith.
Seller has timely filed or caused to be timely filed all tax returns, reports,
statements and similar filings required by applicable laws, statutes, rules or
regulations with respect to the Interests due on or prior to the Closing Date.
There are no extensions or waivers of any statute of limitations with respect to
such taxes or tax liens burdening the Interests except for liens for current
taxes not yet due and payable.

     

    (p)         
 The Interests are not subject to any tax partnership agreement or
provisions requiring a partnership income tax return to be filed under
Subchapter K of Chapter 1 of Subtitle A of the Internal Revenue Code of 1986, as
amended.

     

    (q)          
Schedule
3.01(q) lists all bonds,
letters of credit, guarantees and other similar commitments held by Seller that
are required by third parties in order for Seller to own the Interests.

     

    (r)           
Seller is not a “foreign person” within the meaning of §1445 of the Internal
Revenue Code of 1986, as amended.

     

    (s)          
There are no bankruptcy or receivership proceedings pending against, being
contemplated by, or threatened against Seller.

     

    (t)          
 Seller is an experienced and knowledgeable investor in the oil and gas
business. Seller has been advised by and has relied solely on its own expertise
and legal, tax, reservoir engineering, environmental and other professional
counsel concerning this transaction, the Interests and value
thereof.

     

    (u)          
Seller is not obligated by virtue of a hedging contract to deliver hydrocarbons
produced from the Wells at any time after the Closing Date without then or
thereafter receiving full payment therefor.

     

    (v)          
Schedule
3.01(v) contains a list of all outstanding and unpaid obligations of the
Seller pertaining to the Interests which are not otherwise set forth in this
Agreement.

     

    3.02    Representations and
Warranties of Buyer. Buyer represents and warrants to Seller as
follows:

     

    (a)           Buyer
is a Texas limited partnership and is duly organized, validly existing and in
good standing under the laws of its state of organization.

     

    (b)           Buyer
has all requisite power and authority to carry on its business as presently
conducted, to enter into this Agreement, to purchase the Interests on the terms
described in this Agreement and to perform its other obligations under this
Agreement. The consummation of the transactions contemplated by this Agreement
will not violate, nor be in conflict with, any provision of Buyer’s governing
documents, or any agreement or instrument to

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

       

      which Buyer is a party or is bound, or any judgment, decree, order,
statute, rule or regulation applicable to Buyer.

    

        

    (c)           The
execution, delivery and performance of this Agreement and the transactions
contemplated hereby have been duly and validly authorized by all requisite
action on the part of Buyer.

     

    (d)           This
Agreement has been duly executed and delivered on behalf of Buyer, and at the
Closing all documents and instruments required hereunder to be executed and
delivered by Buyer shall have been duly executed and delivered. This Agreement
does, and such documents and instruments shall, constitute legal and valid
obligations of Buyer enforceable against it in accordance with its and their
respective terms.

     

    (e)           
Buyer has incurred no liability, contingent or otherwise, for brokers’ or
finders’ fees relating to the transactions contemplated by this Agreement for
which Seller shall have any responsibility whatsoever.

     

    (f)           
Prior to executing this Agreement, Buyer has been afforded an opportunity to (i)
examine the Interests and such materials as it has requested to be provided to
it by Seller, and (ii) discuss with representatives of Seller such materials and
the nature and operation of the Interests. In entering into this Agreement,
Buyer has relied solely on the express representations and covenants of Seller
in this Agreement, its independent investigation of, and judgment with respect
to, the Interests and the advice of its own legal, tax, economic, environmental,
engineering, geological and geophysical advisors and not on any comments or
statements of any representatives of, or consultants or advisors engaged by,
Seller or its representatives.

     

    (g)           Prior
to the Closing, Buyer will use its commercially reasonable efforts to satisfy
all bonding requirements of all state and federal governmental authorities so
that Buyer is qualified to own the Interests. The consummation of the
transactions contemplated hereby will not cause Buyer to be disqualified as an
owner of state or federal oil, gas and mineral leases, or to exceed any acreage
limitation imposed by any law, statute, rule or regulation.

     

    (h)           Buyer
is an experienced and knowledgeable investor and operator in the oil and gas
business. Buyer is acquiring the Interests for its own account and not with a
view to, or for offer of resale in connection with, a distribution thereof,
within the meaning of the Securities Act of 1933, 15 U.S.C. §77a et seq., and
any other rules, regulations and laws pertaining to the distribution of
securities.

     

    (i)           Buyer
has arranged to have available by the Closing Date sufficient funds to enable
the payment to Seller by wire transfer the Adjusted Purchase Price in accordance
with Section 7.03 hereof and to otherwise perform Buyer’s obligations under this
Agreement.

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    ARTICLE
IV

    

    COVENANTS

    

    4.01        Covenants of Seller.
Seller covenants and agrees with Buyer that from the date hereof to the Closing
Date, except (i) as provided herein, or (ii) as otherwise consented to in
writing by Buyer, Seller shall:

    

    (a)        Give
Buyer and its representatives access to, and the right to copy, at Buyer’s
expense, all information in its possession relating to the Interests which shall
include, without limitation, the Material Contracts, title opinions, abstracts
of title, land records, accounting records, production records, operating
expense records, engineering, geological and geophysical data, development plans
and permits, and any other information of whatsoever kind relating to the
production and operation of the Interests but shall not include (A) any such
records, data or information where the transfer of same is prohibited by third
party agreements or applicable law, as to which Seller is unable to secure a
waiver or (B) the work product of Seller’s legal counsel, excluding title
opinions. All such information shall be open to inspection and photocopying at
Seller’s offices at any reasonable time during the term of this Agreement, but
until subsequent to the Closing shall remain confidential and shall not be
disclosed to any third party other than Buyer’s employees and
agents.

    

    (b)      
 On and after the Effective Time until the Closing Date, Seller (i) will
operate its business in the ordinary course consistent with past practice, (ii)
will not, without prior written consent of Buyer, which consent will not be
unreasonably withheld, commit to any operation, or services of related
operations, reasonably anticipated by Seller to require future capital
expenditures by Seller in excess of Five Thousand and NO/100 Dollars ($5,000),
or make any capital expenditures in excess of Five Thousand and NO/100 Dollars
($5,000) or subject to (v) below, terminate, amend, assign or extend any
Material Contracts, (iii) will not incur liabilities or encumbrances with
respect to the Interests for which Buyer would be responsible after Closing, in
an amount (not to exceed Five Thousand and NO/100 Dollars ($5,000)) consistent
with past practices employed by Seller with respect to the Interests, (iv) not
cancel any indebtedness owed to Seller in respect of the Interests, which has a
value, individually or in the aggregate, in excess of Five Thousand and NO/100
Dollars ($5,000), (v) notwithstanding (ii) above, will terminate or cause its
respective affiliates to terminate, effective as of the Closing Date, any
contracts or agreements between Seller and its respective affiliates that relate
to or bind the Interests, (vi) will use commercially reasonable efforts to
preserve relationships with all third parties having business dealings with
respect to the Interests, (vii) will maintain general insurance coverage on the
Interests presently furnished by nonaffiliated third parties in the amounts and
of the types presently in force, (viii) will use commercially reasonable efforts
to maintain in full force and effect all Leases, (ix) will maintain, or use
commercially reasonable efforts to obtain, all material governmental permits and
approvals affecting the Interests, (x) will pay all taxes and assessments with
respect to the Interests that become due and payable prior to the Closing Date,
(xi) will not transfer, farmout, sell, hypothecate, encumber or otherwise
dispose of any Interest except for sales and dispositions of oil and gas
production made in the 

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    ordinary course of business consistent with
past practices, (xii) will not enter into, assign, terminate or amend, in any
material respect, any contract or any other agreement by which the Interests are
bound and which would be a Material Contract, (xiii) and will not commit to do
any of the foregoing described in clause (ii), (iii), (iv), (xi) or (xii).

       

    (c)        Take
or cause to be taken all such actions as may be necessary or advisable to
consummate and make effective the sale of the Interests and the transactions
contemplated by this Agreement and to assure that as of the Closing Date it will
not be under any organizational, legal or contractual restriction that would
prohibit or delay the timely consummation of such transactions.

    

    (d)       Not
itself or through any investment banker, broker, agent, representative or
affiliate, directly or indirectly, (i) offer to sell, or solicit, negotiate or
seek in any other way offers or proposals to purchase, all or any portion of the
Interests, (ii) provide any third parties, other than Buyer and its
representatives, with access to data concerning the purchase of all or any
portion of the Interests, or (iii) take any similar actions with respect to a
sale of the partnership interests or other equity interest in Seller or any
merger, consolidation or business combination involving Seller.

    

    (e)        Cause
all the representations and warranties of Seller contained in this Agreement to
be true and correct on and as of the Closing Date.

    

    (f)        Notify
Buyer (i) if any representation or warranty of Seller contained in this
Agreement is discovered to be or becomes untrue, or (ii) if Seller fails to
perform or comply with any covenant or agreement contained in this Agreement or
it is reasonably anticipated that Seller will be unable to perform or comply
with any covenant or agreement contained in this Agreement.

    

    (g)       Deliver
to Buyer updated and complete Schedules and Exhibits to this
Agreement.

    

    (h)       Notify
Buyer of any Post Execution Liabilities it discovers.

    

    4.02        Covenants of Buyer.
Buyer covenants and agrees with Seller that from the date hereof to the Closing
Date, except (i) as provided herein, or (ii) as otherwise consented to in
writing by Seller, Buyer shall:

    

    (a)        Take
or cause to be taken all such actions as may be necessary or advisable to
consummate and make effective the purchase of the Interests and the transactions
contemplated by this Agreement and to assure that as of the Closing Date it will
not be under any material organizational, legal or contractual restriction that
would prohibit or delay the timely consummation of such
transactions.

    

    (b)       Cause
all the representations and warranties of Buyer contained in this Agreement to
be true and correct on and as of the Closing Date.

    
      
         

      

      
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    (c)        Promptly
notify Seller (i) if any representation or warranty of Buyer contained in this
Agreement is discovered to be or becomes untrue, or (ii) if Buyer fails to
perform or comply with any covenant or agreement contained in this Agreement or
it is reasonably anticipated that Buyer will be unable to perform or comply with
any covenant or agreement contained in this Agreement.

    

    (d)        Notify
Seller of any Post Execution Liabilities it discovers.

    

    ARTICLE
V

    

    TITLE MATTERS, ENVIRONMENTAL
MATTERS,

    CASUALTY LOSS AND
ABANDONMENT

    

    5.01        Seller’s Title.
Seller represents to Buyer that Seller’s title to the Interests as of the
Effective Time is (and as of the Closing shall be) “Marketable Title” as defined
in Section 5.02 hereinbelow.

    

    5.02        Definition of Marketable
Title. As used in this Agreement, the term “Marketable Title” shall mean,
as to each of the Interests, that the title acquired by Buyer:

    

    (a)        Will
entitle Buyer to receive and retain, the percentage set forth in Exhibit
A as Seller’s “Net Revenue Interest”
of all hydrocarbons produced, saved and marketed from each Property as set forth
in Exhibit B,
all without reduction, suspension or termination of such interest throughout the
productive life of such Wells on each Property, except for any reduction,
suspension or termination caused by Permitted Encumbrances.

    

    (b)       Will
obligate Buyer to bear not more than the percentage set forth in Exhibit A as Seller’s
“Working
Interest” of the costs and expenses relating to the maintenance,
development and operation of each Property as set forth in Exhibit B, all
without increase throughout the productive life of such Wells on each Property,
except for any increase caused by Permitted Encumbrances.

    

    (c)        Is
free and clear of all liens, mortgages, security interests, encumbrances,
burdens and claims of any kind, except for Permitted Encumbrances.

    

    (d)       Is
set forth in documents, which have been properly recorded in the County or
Parish in which they are located and/or in such other place as required by state
law in the state wherein the Interest is located, such that Buyer’s recordation
of an Assignment or Deed from Seller shall not be made ineffective by a prior
recordation by a third party of an instrument conveying such Interest to a third
party.

    

    5.03        Definition of Permitted
Encumbrances. As used herein, the term “Permitted Encumbrances” shall
mean:

    
      
         

      

      
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    (a)        Lessors’
royalties, overriding royalties, reversionary interests and similar burdens,
whether recorded or unrecorded, that do not operate to reduce Seller’s Net
Revenue Interests set forth in Exhibit B or increase
Seller’s Working Interests set forth in Exhibit
B.

    

    (b)       Division
orders and sales contracts terminable without penalty upon no more than thirty
(30) days’ notice to the purchaser.

    

    (c)        Except
as provided in Section 5.06 below, preferential rights to purchase and required
third-party consents and similar agreements with respect to which waivers or
consents are obtained under this Agreement prior to the Closing from the
appropriate parties or the appropriate time period for asserting the right has
expired prior to the Closing without an exercise of the rights.

    

    (d)       Encumbrances
relating to the Interests that arise under operating agreements to secure
payment of amounts not yet delinquent and are of a type and nature customary in
the oil and gas industry.

    

    (e)        Encumbrances
relating to the Interests securing payments to mechanics and materialmen and
encumbrances securing payment of taxes or assessments that are, in either case,
not yet delinquent or, if delinquent, are being contested in good faith in the
normal course of business consistent with past practice, and of which Buyer is
notified in writing before Closing and for which Seller indemnifies Buyer
subsequent to Closing.

    

    (f)        All
rights to consent by, required notices to, filings with, or other actions by
governmental entities in connection with the sale or conveyance of oil and gas
leases or interests therein if they are customarily obtained subsequent to the
sale or conveyance and have been properly obtained in connection with all prior
sales and conveyances.

    

    (g)       Conventional
rights of reassignment obligating Seller to reassign its interest in any portion
of the Interests to a third party in the event it intends to release or abandon
such Interests prior to the expiration of the primary term or other termination
of such Interests.

    

    (h)       Easements,
rights of way, servitudes, permits, surface leases, surface use restrictions and
other surface uses and impediments on, over or in respect to any of the
Interests that do not, taken as a whole, materially interfere with the
operation, value or use of the Interests.

    

    (i)        
All rights reserved to or vested in any governmental, statutory or public
authority to control or regulate any of the Interests in any manner, and all
applicable laws, rules and orders of governmental authority, so long as the
foregoing do not interfere in any material respect with the operation of the
portion of the Interests burdened thereby.

    

    (j)         Such
Title Defects which Buyer fails to deliver to Seller in writing as provided in
Section 5.05(b) below.

    
      
         

      

      
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    5.04        Definition of Title
Defect. As used in this Agreement the term “Title Defect” shall mean any
defect which renders the title to an Interest to be less than Marketable
Title.

    

    5.05        Title
Procedure.

    

    (a)        As
used herein, Title Defect Amount means the value attributable to the portion of
the Interests affected by such Title Defect, multiplied by a fraction (i) the
numerator of which is the difference between (x) the Net Revenue Interest for
the affected Interest set forth on Exhibit A minus (y)
the Net Revenue Interest for the affected Interest agreed or determined to be
owned by Seller; and (ii) the denominator of which is the Net Revenue Interest
for that Interest set forth on Exhibit
A.

    

    (b)       If
Buyer discovers any Title Defect, Buyer shall give Seller notice of such Title
Defect no later than five (5) days prior to the Closing Date. Such notice shall
be in writing and shall include (i) a description of the Title Defect, and (ii)
the Title Defect Amount therefor. Buyer shall be deemed to have waived all Title
Defects of which Buyer has not given timely notice to Seller
thereof.

    

    (c)        Seller,
at its option, shall have the right and opportunity, but not the obligation, to
cure any Title Defect so that the title to be acquired by Buyer shall become
Marketable Title.

    

    (d)       If
Seller decides not to or cannot cure a Title Defect and Seller does not agree
with any claimed Title Defect Amount or any proposed value for the affected
Interest, Seller shall so notify Buyer within two (2) days of its receipt of the
notice from Buyer under Section 5.05(b), and the parties shall promptly enter
into good faith negotiations and attempt to agree on those matters. The value
agreed by the parties with respect to a Title Defect will be the Title Defect
Amount for that Title Defect.

    

    (e)        If
the parties cannot reach agreement concerning the existence of a Title Defect or
a Title Defect Amount by the Closing Date, then Buyer may (i) delete the portion
of the Interest affected by such Title Defect from the Interests to be conveyed
by Seller at Closing and adjust the Purchase Price downward by the value
applicable to such Interest, or (ii) acquire such Interest at Closing with no
adjustment to the Purchase Price.

    

    (f)        Notwithstanding
any terms contained in this Agreement to the contrary, in the event the
aggregate amount of the Title Defects, the value of the Interests subject to
unobtained consents to assignment set forth in Article 5.06(a) hereinbelow, the
value of the Interests subject to Preferential Rights set forth in Article
5.06(b) hereinbelow, the Environmental Defects set forth in Article 5.07, the
Casualty Loss set forth in Article 5.08 hereinbelow and the value of the
Interests subject to Diminution set forth in Article 5.09 hereinbelow which
Buyer timely asserts exceeds Two Million Two Hundred Thousand and NO/100 Dollars
($2,200,000), either Seller or Buyer may elect to terminate this
Agreement.

    
      
         

      

      
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    5.06        Consents and Preferential
Rights.

    

    (a)        If
any third party consent (“Consents”) to the
sale and transfer of the Interests is not obtained prior to the Closing, Buyer
shall not add that portion of the Interests subject to such consent requirement
to the aggregate under Articles 5.05(f), 5.06(c), 5.07(g) or 5.08 or 5.09(a) if
such consent is customarily secured after the Closing or such consent does not
materially affect the value of the affected Interest if such consent were
withheld.

    

    (b)        After
execution hereof, if an Interest is subject to preferential purchase rights,
rights of first refusal, or similar rights (collectively “Preferential
Rights”), Seller shall notify the holders thereof of its intention to
sell such Interest and of the value attributable thereto based upon the mutual
agreement of Seller and Buyer. Seller will not be liable to Buyer if any
Preferential Rights are exercised, or any Consents are denied, prior to the
Closing Date, provided that the Purchase Price shall be reduced by the value
attributable to the portion of the Interests that is subject to such
Preferential Rights or Consents. However, if Seller is unable to obtain the
required waivers of Preferential Rights or Consents prior to the Closing Date
(other than Consents from governmental agencies ordinarily obtained after
Closing), the portion of the Interest affected will, at the option of Buyer (i)
be deleted from this sale and the Purchase Price decreased by the value
attributable thereto; or (ii) be sold to Buyer, in which event Buyer shall be
entitled to receive any amounts paid upon exercise of the Preferential Rights
applicable thereto. If the holder of a Preferential Right on an Interest that
has been deleted from the sale to Buyer fails to consummate the purchase of the
Interest covered by such right within the time required (in no event shall such
time period extend beyond thirty (30) days after the Closing Date), then Seller
shall so notify Buyer and within thirty (30) days after Buyer’s receipt of such
notice from Seller, Seller shall sell to Buyer and Buyer shall purchase from
Seller for the value attributable thereto, and upon other terms of this
Agreement, the Interest to which the Preferential Right applied, provided no
material adverse change has occurred in the Interest.

    

    (c)        Notwithstanding
any terms contained in this Agreement to the contrary, in the event the
aggregate amount of the Title Defects set forth in Article 5.05 above, the value
of the Interests subject to unobtained consents to assignment set forth in
Article 5.05(a), the value of the Interests subject to Preferential Rights set
forth in Article 5.06(b), the Environmental Defects set forth in Article 5.07
hereinbelow, the Casualty Loss set forth in Article 5.08 hereinbelow and the
value of the Interests subject to Diminution set forth in Article 5.09
hereinbelow and which Buyer timely asserts exceeds Two Million Two Hundred
Thousand and NO/100 Dollars ($2,200,000), either Seller or Buyer may elect to
terminate this Agreement.

    

    5.07        Environmental
Procedure.

    

    (a)        Prior
to the Closing Date, Buyer may conduct a field inspection of the Interests and
Buyer may further secure, at its sole risk, cost and expense, an environmental
audit of all or any of the Interests. At Buyer’s request, Seller will make
arrangements with the operators of the Interests for Buyer, or Buyer’s
representatives, to conduct the inspection or audit. If Buyer makes use of said
audit to assert an Environmental Defect under the terms of this Agreement, Buyer
shall furnish a copy of such environmental audit to Seller, and the
contents

    
      
         

      

      
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    of such
environmental audit shall remain confidential unless required to be disclosed by
any rule, order or governmental proceeding.
   

    (b)       As
used herein, Environmental Defect shall mean any material environmental defect
relating to the Interests in the nature of environmental pollution or
contamination, including pollution of the soil, ground water or the air;
underground injection activities and waste disposal on site or offsite; failure
to comply with applicable land use, surface disturbance, licensing or
notification requirements; or violations of environmental or land use rules,
regulations, demands or orders of appropriate state or federal regulatory
agencies.

    

    (c)        As
used herein, Environmental Defect Amount means the cost to remediate such
Environmental Defect in accordance with applicable environmental
laws.

    

    (d)       If
Buyer discovers any Environmental Defect, Buyer shall give Seller notice of such
Environmental Defect no later than five (5) days prior to the Closing Date. Such
notice shall be in writing and shall include (i) a description of the
Environmental Defect, and (ii) the Environmental Defect Amount therefor. Buyer
shall be deemed to have waived all Environmental Defects of which Buyer has not
given timely notice to Seller thereof.

    

    (e)        If
Seller does not agree with any claimed Environmental Defect or any proposed
Environmental Defect Amount, Seller shall so notify Buyer within two (2) days of
its receipt of the notice from Buyer under Section 5.07(d), and the parties
shall promptly enter into good faith negotiations and attempt to agree on those
matters. The value agreed by the parties with respect to an Environmental Defect
will be the Environmental Defect Amount for that Environmental
Defect.

    

    (f)        If
the parties cannot reach agreement concerning either the existence of an
Environmental Defect or an Environmental Defect Amount therefor with respect to
any Interest by the Closing Date, then Buyer may (i) delete the portion of the
Interest affected by such Environmental Defect from the Interests to be conveyed
by Seller at Closing and adjust the Purchase Price downward by the value
applicable to such Interest, or (ii) acquire such Interest at Closing with no
adjustment to the Purchase Price.

    

    (g)       Notwithstanding
any terms contained in this Agreement to the contrary, in the event the
aggregate amount of the Title Defects set forth in Article 5.05 above, the value
of the Interests subject to unobtained consents to assignment set forth in
Article 5.05(a) above, the value of the Interests subject to Preferential Rights
set forth in Article 5.06(b) above, the Casualty Loss set forth in Article 5.08
hereinbelow, the Diminution Amount set forth in Article 5.09 hereinbelow
and the Environmental Defects which Buyer timely asserts exceeds Two Million Two
Hundred Thousand and NO/100 Dollars ($2,200,000), either Seller or Buyer may
elect to terminate this Agreement.

     

    
      5.08        Casualty Loss. If,
prior to the Closing, all or any portion of the Interests shall be destroyed by
fire or other casualty, or if any portion of the Interests shall be

    

    
      
         

      

      
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    taken in
condemnation or under the right of eminent domain or if proceedings for such
purposes shall be pending or threatened, Seller shall promptly notify Buyer of
each instance of such casualty loss to the Interests. In addition, Seller shall
assign, transfer and set over unto Buyer all of the right, title and interest of
Seller in and to any unpaid awards or other payments arising out of such
destruction or taking. Seller shall not voluntarily compromise, settle or adjust
any amounts payable by reason of such destruction or taking without first
obtaining the written consent of Buyer. This Agreement shall remain in full
force and effect notwithstanding any such destruction or taking, and Seller
shall at Closing pay to Buyer all sums paid to Seller by reason of such
destruction or taking, provided that, in the event the aggregate amount of the
Title Defects set forth in Article 5.05, the Environmental Defects set forth in
Article the value of the Interests subject to unobtained consents to assignment
set forth in Article 5.05(a) above, the value of the Interests subject to
Preferential Rights set forth in Article 5.06(b) above the value of the
Interests subject to Diminution set forth in Article 5.09 hereinbelow and any
Casualty loss, individually or in the aggregate, exceeds Two Million Two Hundred
Thousand and NO/100 Dollars ($2,200,000), either party shall have the right to
terminate this Agreement by delivery of a written notice to the
other.

    

    5.09        Diminution in Value of the
Interests.

    

    (a)        If
Buyer discovers or is made aware of any Post Execution Liabilities, Buyer shall
give Seller notice of such discovery no later than five (5) days prior to the
Closing Date. Such notice shall be in writing and shall include (i) a
description of the Post Execution Liability, and (ii) the diminution in the
value of the Interests (“Diminution Amount”)
therefor. Buyer shall be deemed to have waived all discoveries under this
Article or Article 2.02(g) of which Buyer has not given timely notice to Seller
thereof.

    

    (b)       If
Seller does not agree with any claimed Diminution Amount or any proposed value
for the affected Interest, Seller shall so notify Buyer within two (2) days of
its receipt of the notice from Buyer under Section 5.095.05(b), and the parties
shall promptly enter into good faith negotiations and attempt to agree on those
matters. The value agreed by the parties with respect to a Diminution Amount
will be the Diminution Amount for that Post Execution Liability.

    

    (c)        If
the parties cannot reach agreement concerning the existence of a Diminution
Amount by the Closing Date, then Buyer may (i) delete the portion of the
Interest affected by such Post Execution Liability from the Interests to be
conveyed by Seller at Closing and adjust the Purchase Price downward by the
value applicable to such Interest, or (ii) acquire such Interest at Closing with
no adjustment to the Purchase Price.

     

    (d)       Notwithstanding
any terms contained in this Agreement to the contrary, in the event the
aggregate amount of the Title Defects set forth in Article 5.05, the value of
the Interests subject to unobtained consents to assignment set forth in Article
5.06(a), the value of the Interests subject to Preferential Rights set forth in
Article 5.06(b), the Environmental Defects set forth in Article 5.07, the
Casualty Loss set forth in Article 5.08 and the value of the Interests subject
to a Diminution Amount set forth in this Article 5.09 which Buyer timely asserts
exceeds

    
      
         

      

      
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    Two Million Two Hundred Thousand and NO/100
Dollars ($2,200,000), either Seller or Buyer may elect to terminate this
Agreement.
   

    5.10        Plugging and
Abandonment. Upon Closing, Buyer shall assume all of Seller’s plugging,
replugging, abandonment, removal, disposal and restoration obligations
associated with the Interests acquired hereunder. Such obligations being assumed
shall include, but not be limited to, all necessary and proper plugging and
abandonment and/or removal and disposal of all of the Wells, whether
pre-existing or drilled by Seller, and all structures, personal property and
equipment located on or associated with the Leases listed on Exhibit A, the
necessary and proper capping and burying of all associated flow lines, and any
necessary disposal of naturally occurring radioactive material (NORM) or
asbestos. All plugging, replugging, abandonment, removal, disposal and
restoration operations shall be in compliance with applicable laws and
regulations and conducted in a good and workmanlike manner.

    

    5.11        Disclaimer of
Warranties. EXCEPT FOR THE SPECIAL WARRANTY OF TITLE IN THE ASSIGNMENT,
THE EXPRESS REPRESENTATIONS AND WARRANTIES OF SELLER CONTAINED IN THIS AGREEMENT
(OR IN THE ASSIGNMENT TO BE EXECUTED PURSUANT TO THIS AGREEMENT) ARE EXCLUSIVE
AND ARE IN LIEU OF ALL OTHER REPRESENTATIONS AND WARRANTIES, EXPRESS, IMPLIED,
STATUTORY, OR OTHERWISE, AND SELLER EXPRESSLY DISCLAIMS ANY AND ALL SUCH OTHER
REPRESENTATIONS AND WARRANTIES. SUBJECT TO THE FOREGOING, THE INTERESTS SHALL BE
CONVEYED PURSUANT HERETO WITHOUT ANY WARRANTY OR REPRESENTATION, WHETHER
EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE RELATING TO THE CONDITION, QUANTITY,
QUALITY, FITNESS FOR A PARTICULAR PURPOSE, CONFORMITY TO THE MODELS OR SAMPLES
OF MATERIALS, OR MERCHANTABILITY OF ANY EQUIPMENT OR ITS FITNESS FOR ANY
PURPOSE, AND WITHOUT ANY OTHER EXPRESS, IMPLIED, STATUTORY, OR OTHER WARRANTY OR
REPRESENTATION WHATSOEVER. BUYER SHALL, EXCEPT AS PROVIDED OTHERWISE HEREIN,
ACCEPT ALL OF THE SAME “AS IS, WHERE IS”. WITHOUT LIMITATION OF THE FOREGOING,
EXCEPT TO THE EXTENT EXPRESSLY PROVIDED IN THIS AGREEMENT, SELLER MAKES NO
WARRANTY OR REPRESENTATION, EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, AS TO THE
ACCURACY OR COMPLETENESS OF ANY DATA, REPORTS, RECORDS, PROJECTIONS,
INFORMATION, OR MATERIALS NOW HERETOFORE, OR HEREAFTER FURNISHED OR MADE
AVAILABLE TO BUYER IN CONNECTION WITH THIS AGREEMENT, INCLUDING, WITHOUT
LIMITATION, PRICING ASSUMPTIONS OR QUALITY OR QUANTITY OF HYDROCARBON RESERVES
(IF ANY) ATTRIBUTABLE TO THE INTERESTS OR THE ABILITY OR POTENTIAL OF THE
INTERESTS TO PRODUCE HYDROCARBONS OR THE ENVIRONMENTAL CONDITION OF THE
INTERESTS OR ANY OTHER MATERIALS FURNISHED OR MADE AVAILABLE TO BUYER BY SELLER,
OR BY SELLER’S AGENTS OR REPRESENTATIVES. EXCEPT TO THE EXTENT EXPRESSLY
PROVIDED IN THIS AGREEMENT, ANY AND ALL SUCH DATA, RECORDS, REPORTS,
PROJECTIONS, INFORMATION, AND OTHER MATERIALS (WRITTEN OR ORAL) FURNISHED BY

    
      
         

      

      
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    SELLER OR OTHERWISE MADE AVAILABLE OR DISCLOSED
TO BUYER ARE PROVIDED TO BUYER AS A CONVENIENCE AND SHALL NOT CREATE OR GIVE
RISE TO ANY LIABILITY OF OR AGAINST SELLER, AND ANY RELIANCE ON OR USE OF THE
SAME SHALL BE AT BUYER’S SOLE RISK TO THE MAXIMUM EXTENT PERMITTED BY
LAW.
     

    ARTICLE
VI

    

    CONDITIONS TO
CLOSING

    

    6.01        Conditions to Obligations of
Seller. The obligations of Seller to consummate the transactions
contemplated by this Agreement are subject to (i) the satisfaction, or waiver by
Seller, of the condition that all representations and warranties of Buyer
contained in this Agreement shall be true in all material respects (or true in
all respects as to such representations and warranties that are qualified by
materiality) at and as of the Closing as if such representations and warranties
were made at and as of the Closing, (ii) Buyer shall have performed and
satisfied all covenants and agreements, required by this Agreement to be
performed and satisfied by Buyer at or prior to the Closing, (iii) there being
no suits, actions or other proceedings pending or threatened to restrain or
prohibit the consummation of the transactions contemplated by this Agreement,
and (iv) neither party having exercised its right to terminate this Agreement
pursuant to Section 9.01.

    

    6.02        Conditions to Obligations of
Buyer. The obligations of Buyer to consummate the transactions
contemplated by this Agreement are subject to (i) the satisfaction, or waiver by
Buyer, of the condition that all representations and warranties of Seller
contained in this Agreement shall be true in all material respects (or true in
all respects as to such representations and warranties that are qualified by
materiality) at and as of the Closing as if such representations and warranties
were made at and as of the Closing, (ii) Seller shall have performed and
satisfied all covenants and agreements required by this Agreement to be
performed and satisfied by Seller at or prior to the Closing, (iii) there being
no suits, actions or other proceedings pending or threatened to restrain or
prohibit the consummation of the transactions contemplated by this Agreement,
(iv) neither party having exercised its right to terminate this Agreement
pursuant to Section 9.01, and (v) all Consents (except for Consents customarily
obtained subsequent to transfer of title) having been obtained.

    

    ARTICLE
VII

    

    CLOSING

    

    7.01        Date of Closing.
Subject to the conditions stated in this Agreement, the consummation of the
transactions contemplated by this Agreement (the “Closing”) shall be
held at 10:00 AM on or before January 19, 2010. Said date shall be referred to
as the “Closing Date”.

    

    7.02        Place of Closing. The
Closing shall be held at ______________, or at such other place as Buyer and
Seller may agree upon in writing.

    
      
         

      

      
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    7.03        Preliminary Closing
Settlement Statement. Seller shall provide Buyer a “Preliminary Closing Settlement
Statement” two (2) days prior to Closing respecting adjustments to the
Purchase Price.

    

    7.04        Closing Obligations.
At the Closing the following events shall occur, each being a condition
precedent to the others and each being deemed to have occurred simultaneously
with the others:

    

    (a)        Seller
shall execute, acknowledge and deliver (in sufficient counterparts to facilitate
recording) the Assignment, Conveyance and Bill of Sale (“Assignment”)
conveying the Leases to Buyer in substantially the form attached as Exhibit D hereto and
the Mineral Deed (“Deed”) conveying the
Fee Minerals to Buyer in substantially the form attached as Exhibit E hereto. As
appropriate, Seller shall also execute, acknowledge and deliver separate
assignments of the Interests on officially approved forms, in sufficient
counterparts, to satisfy applicable statutory and regulatory
requirements.

    

    (b)       Buyer
and Seller shall agree upon and execute a “Closing Settlement
Statement,” that shall set forth the Preliminary Amount (as hereinafter
defined) and each adjustment and the calculation of such adjustments used to
determine such amount. The term “Preliminary Amount”
shall mean the Purchase Price adjusted as provided in Section 2.02 using for
such adjustments the best information then available.

    

    (c)        Seller
shall deliver to Buyer a payoff letter from Texas Capital Bank (the “Bank”) evidencing the
payoff amount, as of the Closing Date, of the mortgage set forth on Schedule 3.01(v) (the
“Payoff
Amount”).

    

    (d)       Buyer
shall deliver to Seller a cashier’s check or wire transfer for the Preliminary
Amount, less the Payoff Amount, which shall be paid directly by Buyer to the
Bank.

    

    (e)        Buyer
and Seller shall execute the joint instructions to disburse the Earnest Money
(the “Joint Instruction
Letter”).

    

    (f)        Seller
shall deliver to Buyer exclusive possession of the Interests.

    

    (g)       Buyer
shall deliver transfer orders or letters in lieu thereof directing all
purchasers of production to make payment of proceeds attributable to production
from the Interests after the Effective Time to Buyer; and Seller shall execute
and deliver to Buyer Seller’s affidavit of non-foreign status.

    

    (h)       Seller
shall deliver to Buyer copies of all original land, legal, accounting,
engineering, geological and geophysical records in its possession relating to
the Interests, including without limitation, all information and material
referred to in Section 4.01(a).

    
      
         

      

      
        19

        
          

        

      

      
         

      

    

    (i)         Seller
shall deliver to Buyer fully executed originals in recordable form of Releases
of Liens and releases of security interests encumbering the Interests in favor
of the Bank.

    

    (j)         Seller
and Buyer shall deliver to each other a certificate, dated as of the Closing
Date, and executed by their respective authorized officer that the conditions
set forth in Sections 6.02 and 6.01 have been fulfilled.

    

    ARTICLE
VIII

    OBLIGATIONS AFTER
CLOSING

    

    8.01        Post-Closing
Adjustments. After the Closing, Seller shall make available to Buyer all
accounting records necessary for Seller to prepare, in accordance with this
Agreement, a statement (the “Final Settlement
Statement”) setting forth each adjustment or payment which was not
finally determined as of the Closing or finally determined pursuant to the last
sentence of this Section 8.01 and showing the calculation of such adjustments.
As soon as practicable after receipt of the Final Settlement Statement, Buyer
shall deliver to Seller a written report containing any changes which Buyer
proposes be made to the Final Settlement Statement. The parties shall undertake
to agree with respect to the amounts due pursuant to such post-closing
adjustment no later than ninety (90) days after the Closing. If such
post-closing adjustment has not been agreed to within ninety (90) days after the
Closing, either party may seek to enforce any rights it claims hereunder. The
date upon which such agreement is reached or upon which the Adjusted Purchase
Price is established, shall be referred to as the “Final Settlement Date.” In
the event that (i) the Adjusted Purchase Price is more than the Preliminary
Amount, Buyer shall deliver to Seller or to Seller’s account the amount of such
difference in immediately available funds, or (ii) the Adjusted Purchase Price
is less than the Preliminary Amount, Seller shall deliver to Buyer or to Buyer’s
account the amount of such difference in immediately available funds. Payment by
Buyer or Seller shall be made within five (5) days of the Final Settlement Date.
To the extent not accounted for in the computation of the Adjusted Purchase
Price, all uncollected accounts receivable attributable to the Interests on or
after the Effective Time shall be assigned to Buyer. Notwithstanding the
foregoing, if after the Closing either party shall receive any payment belonging
to the other party, the party receiving the payment due to the other party shall
remit within five (5) business days the same to such other party.

    

    8.02        Sales Taxes and Recording
Fees. Seller will determine, with Buyer’s assistance, what sales tax, if
any, is due in connection with the sale of the Interests. Seller and Buyer agree
to use commercially reasonable efforts and cooperate in good faith to exempt the
sale, conveyance, assignments and transfers to be made to Buyer from any sales,
use, stamp, real estate transfer, documentary, registration, recording and other
similar taxes (each a “Transfer Tax”). If a
determination is made that a Transfer Tax applies, Buyer shall be liable for
such tax occasioned by the sale of the Interests.

    
      
         

      

      
        20

        
          

        

      

      
         

      

    

     

    8.03        Indemnification.
After the Closing, Buyer and Seller shall indemnify each other as
follows:

    

    (a)        Including
any “Environmental Claim” as defined herein, Buyer shall defend, indemnify and
save and hold harmless Seller against any and all costs, expenses, claims,
demands and causes of action of whatsoever kind or character, including court
costs and attorneys’ fees, arising out of any operations conducted, commitment
made or any action taken or omitted with respect to the Interests, which accrue
or relate to times on and after the Closing Date. “Environmental Claim” shall
mean any claim, demand or cause of action asserted by any governmental agency or
any person, corporation or other entity for personal injury (including sickness,
disease or death), property damage or damage to the environment resulting from
the discharge or release of any chemical, material or emission into one or more
of the environmental media at or in the vicinity of the
Interests.

    

    (b)       Excluding
any Environmental Claim, Seller shall defend, indemnify and save and hold
harmless Buyer against any and all costs, expenses, claims, demands and causes
of action of whatsoever kind or character, including court costs and attorneys’
fees, arising out of any operations conducted, commitment made or any action
taken or omitted with respect to the Interests, which accrue or relate to times
prior to the Closing Date.

    

    (c)        THE
INDEMNIFICATION, RELEASE AND ASSUMPTION PROVISIONS PROVIDED FOR IN THIS
AGREEMENT SHALL BE APPLICABLE WHETHER OR NOT THE LOSSES, COSTS, EXPENSES AND
DAMAGES IN QUESTION AROSE SOLELY OR IN PART FROM THE ACTIVE, PASSIVE OR
CONCURRENT NEGLIGENCE, STRICT LIABILITY, BREACH OF DUTY (STATUTORY OR
OTHERWISE), OR OTHER FAULT OF ANY INDEMNIFIED PARTY, PROVIDED THAT NO SUCH
INDEMNIFICATION SHALL BE APPLICABLE TO THE EXTENT OF ANY GROSS NEGLIGENCE OR
WILLFUL MISCONDUCT OF THE INDEMNIFIED PARTY. BUYER AND SELLER ACKNOWLEDGE THAT
THIS STATEMENT COMPLIES WITH THE EXPRESS NEGLIGENCE RULE AND IS
CONSPICUOUS.

    

    8.04        Further Assurances.
Seller and Buyer shall execute, acknowledge and deliver or cause to be executed,
acknowledged and delivered such instruments and take such other action as may be
necessary or advisable to carry out their obligations under this Agreement and
under any exhibit, document, certificate or other instrument delivered pursuant
hereto.

    

    8.05        Survival. Except for
the Special Warranty of Title, the representations, warranties, covenants,
agreements and indemnities contained in this Agreement shall survive for a
period of six (6) months following the Closing Date.

    
      
         

      

      
        21

        
          

        

      

      
         

      

    

    ARTICLE
IX

    TERMINATION OF
AGREEMENT

    

    9.01        Termination. This
Agreement and the transactions contemplated hereby may be terminated in the
following instances:

     

    (a)      By
Buyer if any condition set forth in Section 6.02 above shall not be satisfied on
or before the Closing;

     

    (b)      By
Seller if any condition set forth in Section 6.01 above shall not be satisfied
on or before the Closing;

     

    (c)      By
Buyer or Seller pursuant to Section 5.05, 5.06, 5.07, 5.08 or 5.09;
or

     

    (d)      By
the mutual written agreement of Buyer and Seller.

     

    9.02        Disposition of Earnest
Money. In the event this Agreement is terminated, the Earnest
Money shall be treated as follows:

     

    (a)      If
this Agreement is terminated by Buyer pursuant to Section 9.01(a), Buyer shall
be entitled to a refund of the Earnest Money, and Seller shall execute and
deliver the Joint Instruction Letter instructing the disbursement of the Earnest
Money to Buyer.

     

    (b)      Except
as set forth below, if this Agreement is terminated by Seller pursuant to
Section 9.01(b), Seller shall be entitled to receive the Earnest Money, and
Buyer shall execute and deliver the Joint Instruction Letter instructing the
disbursement of the Earnest Money to Seller. If this Agreement is terminated by
Seller pursuant to Section 9.01(b) and that termination is based on the
occurrence of the circumstances set forth in Section 6.01 (iii) which involve
Seller only, or Buyer and Seller, together, Seller shall execute and deliver the
Joint Instruction Letter instructing the disbursement of the Earnest Money to
Buyer.

     

    (c)      If
this Agreement is terminated by Buyer or Seller pursuant to Section 9.01(c),
Buyer shall be entitled to a refund of the Earnest Money, and Seller shall
execute and deliver the Joint Instruction Letter instructing the disbursement of
the Earnest Money to Buyer.

     

    (d)      If
this Agreement is terminated by Buyer and Seller pursuant to Section 9.01(d),
Buyer shall be entitled to a refund of the Earnest Money, and Seller shall
execute and deliver the Joint Instruction Letter instructing the disbursement of
the Earnest Money to Buyer.

     

    9.03        Liabilities upon
Termination. If this Agreement is terminated for any reason or is
breached, nothing contained herein shall be construed to limit Seller’s or
Buyer’s legal or equitable remedies including, without limitation, damages for
the breach or failure of any representation, warranty, covenant or agreement
contained herein and the right to enforce specific performance of this
Agreement.

    
      
         

      

      
        22

        
          

        

      

      
         

      

    

    ARTICLE
X

    

    MISCELLANEOUS

    

    10.01      Expenses. Except as
otherwise specifically provided in this Agreement, all fees, costs and expenses
incurred by Buyer or Seller in negotiating this Agreement or in consummating the
transactions contemplated by this Agreement shall be paid by the party incurring
the same, including without limitation, legal and accounting fees, costs and
expenses.

     

    10.02      Notices. All notices
and communications required or permitted under this Agreement shall be in
writing and shall be effective when received by mail, telecopy or hand delivery
as follows:

    

    
      
        
          
            
              	
                       If
      to Seller:

                    	
                      Azalea
      Properties, Ltd.

                    
	 
      	
                      c/o
      Maple Ridge Property Company

                    
	 
      	
                      its
      general partner

                    
	 
      	
                      ___________________

                    
	 
      	
                      ___________________

                    
	 
      	
                      Attn:
      Frances Marianne Talbot

                    
	 
      	
                      Phone:
      _________

                    
	 
      	
                      Fax:      ________

                    
	 
      	 
      
	
                       If to
      Buyer:

                    	
                      RCWI,
      L.P.

                    
	 
      	
                      1901
      North Central Expressway

                    
	 
      	
                      Suite
      300

                    
	 
      	
                      Richardson,
      Texas 75080

                    
	 
      	
                      Attn:
      H. Walt Dunagin

                    
	 
      	
                      Phone:   (972) 437 –
      6792

                    
	 
      	
                      Fax:         (972) 994
      – 0369

                    

            

          

        

      

    

    

    Either
party may, by written notice so delivered to the other, change the address to
which notice shall thereafter be made.

     

    10.03      Amendment. This
Agreement may not be altered or amended, nor any rights hereunder be waived,
except by an instrument in writing executed by the party or parties to be
charged with such amendment or waiver. No waiver of any term, provision or
condition of this Agreement, in any one or more instances, shall be deemed to
be, or construed as, a further or continuing waiver of any other term, provision
or condition of this Agreement.

     

    10.04      Assignment. Neither
Seller nor Buyer may assign any portion of its rights or delegate any portion of
its duties or obligations under this Agreement without the prior written consent
of the other party, which consent shall not be unreasonably withheld, delayed or
conditioned.

    
      
         

      

      
        23

        
          

        

      

      
         

      

    

    

    10.05      Announcements. Seller
and Buyer shall consult with each other with regard to all press releases and
other announcements concerning this Agreement or the transaction contemplated
hereby and, except as may be required by applicable laws or regulations of any
governmental agency, neither Buyer nor Seller shall issue any such press release
or make any other announcement without the prior written consent of the other
party until the transactions contemplated herein have been
consummated.

     

    10.06      Generality of
Provisions. The specificity of any representation, warranty, covenant,
agreement or indemnity included or provided in this Agreement, or in any
exhibit, document, certificate or other instrument delivered pursuant hereto,
shall in no way limit the generality of any other representation, warranty,
covenant, agreement or indemnity included or provided in this Agreement, or in
any exhibit, document, certificate or other instrument delivered pursuant
hereto.

     

    10.07      Headings. The
headings of the articles and sections of this Agreement are for guidance and
convenience of reference only and shall not limit or otherwise affect any of the
terms or provisions of this Agreement.

     

    10.08      Counterparts. This
Agreement may be executed by Buyer and Seller in any number of counterparts.
Each of the counterparts shall be deemed an original instrument, but all of
which together shall constitute but one and the same instrument.

     

    10.09      References.
References made in this Agreement, including use of a pronoun, shall be deemed
to include where applicable, masculine, feminine, singular or plural,
individuals, partnerships or corporations. As used in this Agreement, “person”
shall mean any natural person, corporation, partnership, trust, estate or other
entity. As used in this Agreement, “affiliate” of a person shall mean any
partnership, joint venture, corporation or other entity in which such person has
an interest or which controls, is controlled by or is under common control of
such person.

     

    10.10      Governing Law. This
Agreement, and the transactions contemplated hereby, shall be construed in
accordance with, and governed by, the laws of the State of Texas without regard
to its conflict of laws principles, and venue shall be in Dallas County,
Texas.

     

    10.11      Entire Agreement.
This Agreement (including the exhibits hereto) constitutes the entire
understanding between the parties with respect to the subject matter hereof and
supersedes all negotiations, prior discussions and prior agreements and
understandings relating to such subject matter. No material representation,
warranty, covenant, agreement, promise, inducement or statement, whether oral or
written, has been made by Seller or Buyer and relied upon by the other that is
not set forth in this Agreement or in the instruments referred to herein, and
neither Seller nor Buyer shall be bound by or liable for any alleged
representation, warranty, covenant, agreement, promise, inducement or statement
not so set forth.

    
      
         

      

      
        24

        
          

        

      

      
         

      

    

    

    10.12      Severability. If any
term or provision of this Agreement shall be determined to be illegal or
unenforceable, all other terms and provisions of this Agreement shall
nevertheless remain effective and shall be enforced to the fullest extent
permitted by applicable law.

     

    10.13      Parties in Interest.
This Agreement shall be binding upon, and shall inure to the benefit of, the
parties hereto and their respective successors and assigns. Nothing contained in
this Agreement, express or implied, is intended to confer upon any other person
or entity any benefits, rights or remedies.

    

    SIGNATURE
PAGE FOLLOWS

    
      
         

      

      
        25

        
          

        

      

      
         

      

    

    

    EXECUTED
as of the date first written above.

    

    
      
        
          
            
              
                
                  
                    	
                            SELLER:

                          	
                            AZALEA
      PROPERTIES, LTD.

                          
	 	 
	 
      	
                            By:

                          	
                            Maple
      Ridge Property Company

                          
	 
      	 
      	
                            Its
      sole general partner

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      	
                            /s/
      Frances Marianne Talbot

                          
	 
      	 
      	 
      	
                            Frances
      Marianne Talbot, President

                          
	 
      	 
      
	
                            BUYER:

                          	
                            RCWI,
      L.P.

                          
	 
      	 
      
	 
      	
                            By:

                          	
                            RCWI,
      GP, LLC

                          
	 
      	 
      	
                            Its
      general partner

                          
	 
      	 
      
	 
      	
                            By:

                          	 
      	
                            /s/
      Michael J. Mauceli

                          
	 
      	 
      	 
      	
                            Michael
      J. Mauceli,
Manager

                          

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  
                    
                      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                              Adjusted Final

                            	 
      
	
                              Case Name

                            	 
      	
                              FIELD

                            	 
      	
                              Operator

                            	 
      	
                              COUNTY

                            	 
      	
                              STATE

                            	 
      	
                              WI %

                            	 
      	
                              RI %

                            	 
      	
                              Value

                            	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                              THUMS
      LONG BEACH UNIT

                            	 
      	
                              WILMINGTON

                            	 
      	
                              THUMS
      LONG BEACH COMPANY

                            	 
      	
                              LOS
      ANGELES

                            	 
      	
                              CA

                            	 
      	
                              0.186580

                            	 
      	
                              0.186580

                            	 
      	
                              8684.986

                            	 
      
	
                              NONION
      STRUMA SAND UNIT - 1

                            	 
      	
                              IOTA

                            	 
      	
                              HEADINGTON
      OIL COMPANY LIMITED

                            	 
      	
                              ACADIA

                            	 
      	
                              LA

                            	 
      	
                              3.297923

                            	 
      	
                              2.665318

                            	 
      	
                              975.576

                            	 
      
	
                              CL
      & F #1(R4C RC SUA) - 1

                            	 
      	
                              BAYOU
      PENCHANT

                            	 
      	
                              CHAPARRAL
      ENERGY INC

                            	 
      	
                              TERREBONNE

                            	 
      	
                              LA

                            	 
      	
                              6.013680

                            	 
      	
                              4.179700

                            	 
      	
                              957.942

                            	 
      
	
                              WEST
      DOLLARHIDE DEVONIAN UNIT

                            	 
      	
                              DOLLARHIDE

                            	 
      	
                              OXY
      USA INC.

                            	 
      	
                              LEA

                            	 
      	
                              NM

                            	 
      	
                              4.177660

                            	 
      	
                              3.629120

                            	 
      	
                              709.280

                            	 
      
	
                              TIGER
      495 #1

                            	 
      	
                              WASSON

                            	 
      	
                              GUNGOLL
      CARL E EXPLORATION LLC

                            	 
      	
                              GAINES

                            	 
      	
                              TX

                            	 
      	
                              3.000000

                            	 
      	
                              2.160000

                            	 
      	
                              498.062

                            	 
      
	
                              GRISSOM
      SEC 2 #2-2

                            	 
      	
                              MAVERICK

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              8.000000

                            	 
      	
                              6.240000

                            	 
      	
                              384.637

                            	 
      
	
                              DOBSON
      SEC 1 #4-1

                            	 
      	
                              MAVERICK

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              8.000000

                            	 
      	
                              6.023625

                            	 
      	
                              346.583

                            	 
      
	
                              SKINNER
      UNIT 30-10 #1 - 1

                            	 
      	
                              CHOCTAW
      RIDGE NORTH

                            	 
      	
                              PRUET
      PRODUCTION CO

                            	 
      	
                              CHOCTAW

                            	 
      	
                              AL

                            	 
      	
                              1.115860

                            	 
      	
                              0.927350

                            	 
      	
                                 344.467

                            	 
      
	
                              LSU
      #2 & SL 5024 #2 (MPT MV RA SU) - 002D

                            	 
      	
                              MANCHAC
      POINT

                            	 
      	
                              HILCORP
      ENERGY CO INC

                            	 
      	
                              E
      BTN RG

                            	 
      	
                              LA

                            	 
      	
                              4.180760

                            	 
      	
                              3.085630

                            	 
      	
                              264.389

                            	 
      
	
                              EDEN
      1-5H

                            	 
      	
                              Colony
      Wash

                            	 
      	
                              CHESAPEAKE
      OPERATING INC.

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              1.209680

                            	 
      	
                              0.946450

                            	 
      	
                              263.530

                            	 
      
	
                              DUVAL
      COUNTY RANCH -J- - MULTI

                            	 
      	
                              DEJAY

                            	 
      	
                              KARPER
      OIL & GAS CORPORATION

                            	 
      	
                              DUVAL

                            	 
      	
                              TX

                            	 
      	
                              6.964286

                            	 
      	
                              6.093756

                            	 
      	
                              216.320

                            	 
      
	
                              WIGINTON
      2-5H

                            	 
      	
                              ALEDO
      SOUTHWEST

                            	 
      	
                              DUNCAN
      OIL PROPERTIES, INC.

                            	 
      	
                              CUSTER

                            	 
      	
                              OK

                            	 
      	
                              2.428570

                            	 
      	
                              1.821430

                            	 
      	
                              209.338

                            	 
      
	
                              ARMSTRONG
      #20-10

                            	 
      	
                              ZEPHYR-STILES
      RANCH

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              7.100000

                            	 
      	
                              5.325000

                            	 
      	
                              205.892

                            	 
      
	
                              HOLLINGSWORTH
      #1-TJ UNIT-001T

                            	 
      	
                              LOGANSPORT

                            	 
      	
                              BP
      AMERICA PRODUCTION CO

                            	 
      	
                              DESOTO

                            	 
      	
                              LA

                            	 
      	
                              2.535714

                            	 
      	
                              1.901791

                            	 
      	
                              166.805

                            	 
      
	
                              RED
      HILLS UNIT #2 - 2

                            	 
      	
                              LUSK

                            	 
      	
                              CIMAREX
      ENERGY CO

                            	 
      	
                              LEA

                            	 
      	
                              NM

                            	 
      	
                              1.445820

                            	 
      	
                              1.244640

                            	 
      	
                              162.463

                            	 
      
	
                              MEADOWS
      4-01 - 1

                            	 
      	
                              BUFFALO
      WALLOW

                            	 
      	
                              ELAND
      ENERGY

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              3.000000

                            	 
      	
                              2.287500

                            	 
      	
                              161.657

                            	 
      
	
                              CENTRAL
      DRINKARD UNIT

                            	 
      	
                              DRINKARD

                            	 
      	
                              CHEVRONTEXACO

                            	 
      	
                              LEA

                            	 
      	
                              NM

                            	 
      	
                              0.559240

                            	 
      	
                              0.471480

                            	 
      	
                              158.750

                            	 
      
	
                              COLLINS
      EAST UPPER CV UNIT

                            	 
      	
                              COLLINS
      EAST

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              COVINGTON

                            	 
      	
                              MS

                            	 
      	
                              1.044700

                            	 
      	
                              0.796860

                            	 
      	
                              155.932

                            	 
      
	
                              MORRISON
      #1 - 1

                            	 
      	
                              AMROW
      NORTH

                            	 
      	
                              TEXLAND
      PETROLEUM LP

                            	 
      	
                              GAINES

                            	 
      	
                              TX

                            	 
      	
                              8.104690

                            	 
      	
                              6.269830

                            	 
      	
                              148.817

                            	 
      
	
                              J B
      TUBB B LEASE

                            	 
      	
                              SAND
      HILLS

                            	 
      	
                              APACHE
      CORP

                            	 
      	
                              CRANE

                            	 
      	
                              TX

                            	 
      	
                              0.909180

                            	 
      	
                              0.795510

                            	 
      	
                              133.723

                            	 
      
	
                              COOT
      MOORE 1

                            	 
      	
                              OKATOMA

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              COVINGTON

                            	 
      	
                              MS

                            	 
      	
                              1.875000

                            	 
      	
                              1.500000

                            	 
      	
                              131.074

                            	 
      
	
                              Turner
      1-34

                            	 
      	
                              ZEPHYR-VICI

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WOODWARD

                            	 
      	
                              OK

                            	 
      	
                              4.764710

                            	 
      	
                              3.811760

                            	 
      	
                              125.478

                            	 
      
	
                              JOHNSON
      40 1 - 1

                            	 
      	
                              SLASH
      RANCH

                            	 
      	
                              FOREST
      OIL CORPORATION

                            	 
      	
                              LOVING

                            	 
      	
                              TX

                            	 
      	
                              1.609040

                            	 
      	
                              1.327700

                            	 
      	
                              116.374

                            	 
      
	
                              DOBSON
      SEC 1 #3-1

                            	 
      	
                              MAVERICK

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              5.242970

                            	 
      	
                              4.089520

                            	 
      	
                              109.281

                            	 
      
	
                              MCKNIGHT,
      MB A&F LEASE

                            	 
      	
                              SAND
      HILLS

                            	 
      	
                              BURNETT
      OIL CO INC

                            	 
      	
                              CRANE

                            	 
      	
                              TX

                            	 
      	
                              2.309010

                            	 
      	
                              1.731770

                            	 
      	
                              107.063

                            	 
      
	
                              BRYANT-LINK
      CO. 1 - MULTI

                            	 
      	
                              FULLERTON

                            	 
      	
                              TEXLAND
      PETROLEUM LP

                            	 
      	
                              ANDREWS

                            	 
      	
                              TX

                            	 
      	
                              9.071429

                            	 
      	
                              6.803571

                            	 
      	
                              103.590

                            	 
      
	
                              ARMSTRONG
      #09

                            	 
      	
                              ZEPHYR-STILES
      RANCH

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              2.474240

                            	 
      	
                              1.856000

                            	 
      	
                              102.263

                            	 
      
	
                              HIGGINS
      TRUST INC - 1

                            	 
      	
                              LOVINGTON

                            	 
      	
                              PECOS
      OPERATING COMPANY

                            	 
      	
                              LEA

                            	 
      	
                              NM

                            	 
      	
                              2.348500

                            	 
      	
                              1.761980

                            	 
      	
                              98.078

                            	 
      
	
                              WILEY
      GLENNBURN UNIT

                            	 
      	
                              WILEY

                            	 
      	
                              ENCORE
      OPERATING, LP

                            	 
      	
                              BOTTINEAU

                            	 
      	
                              ND

                            	 
      	
                              0.638380

                            	 
      	
                              0.000000

                            	 
      	
                              94.177

                            	 
      
	
                              WEDMAN
      #1-4

                            	 
      	
                              MUSTANG
      & YUKON

                            	 
      	
                              PREMIER
      ENERGY LLC

                            	 
      	
                              CANADIAN

                            	 
      	
                              OK

                            	 
      	
                              5.375000

                            	 
      	
                              3.970160

                            	 
      	
                              93.030

                            	 
      
	
                              BUCKTHAL
      #2-25 - 225

                            	 
      	
                              BUCKTHAL-HELTON

                            	 
      	
                              FOREST
      OIL CORPORATION

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              2.062500

                            	 
      	
                              1.553750

                            	 
      	
                              90.150

                            	 
      
	
                              KEYSTONE
      #1-13 KEYS - 1

                            	 
      	
                              SPELUNKER
      & WALSH

                            	 
      	
                              ENERGY
      ALLIANCE CO INCOR

                            	 
      	
                              BACA

                            	 
      	
                              CO

                            	 
      	
                              6.658260

                            	 
      	
                              5.343940

                            	 
      	
                              89.989

                            	 
      
	
                              CHARLES
      1-24 (Skinner)

                            	 
      	
                              MUSTANG
      & YUKON

                            	 
      	
                              PREMIER
      ENERGY LLC

                            	 
      	
                              KINGFISHER

                            	 
      	
                              OK

                            	 
      	
                              4.411760

                            	 
      	
                              3.441180

                            	 
      	
                              87.982

                            	 
      
	
                              LINDHOLM
      GAS UNIT 1 - 1

                            	 
      	
                              HOSTETTER

                            	 
      	
                              CABOT
      OIL & GAS CORP

                            	 
      	
                              MCMULLEN

                            	 
      	
                              TX

                            	 
      	
                              6.296720

                            	 
      	
                              4.729200

                            	 
      	
                              74.279

                            	 
      
	
                              HILL
      P.C. -D- - 8

                            	 
      	
                              QUITO

                            	 
      	
                              SEABOARD
      OIL COMPANY

                            	 
      	
                              WARD

                            	 
      	
                              TX

                            	 
      	
                              0.000001

                            	 
      	
                              0.511720

                            	 
      	
                              73.567

                            	 
      
	
                              SUMERLIN,
      C. E. - MULTI

                            	 
      	
                              FULLERTON

                            	 
      	
                              TEXLAND
      PETROLEUM LP

                            	 
      	
                              ANDREWS

                            	 
      	
                              TX

                            	 
      	
                              9.071429

                            	 
      	
                              6.803571

                            	 
      	
                              71.660

                            	 
      
	
                              MCKNIGHT,
      MB C LEASE

                            	 
      	
                              SAND
      HILLS

                            	 
      	
                              BURNETT
      OIL CO INC

                            	 
      	
                              CRANE

                            	 
      	
                              TX

                            	 
      	
                              2.309010

                            	 
      	
                              1.731770

                            	 
      	
                              71.153

                            	 
      
	
                              SMITH
      #8 - 8

                            	 
      	
                              CADDO

                            	 
      	
                              O’NEAL
      DRILLING INC

                            	 
      	
                              CARTER

                            	 
      	
                              OK

                            	 
      	
                              2.500000

                            	 
      	
                              1.875000

                            	 
      	
                              69.458

                            	 
      
	
                              FRANCES
      SEC 9 #9-1 - 1

                            	 
      	
                              MAVERICK

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              ROGER
      MILLS

                            	 
      	
                              OK

                            	 
      	
                              5.302180

                            	 
      	
                              4.203530

                            	 
      	
                              69.215

                            	 
      
	
                              CLARK
      #1-3 - 1-3

                            	 
      	
                              Zephyr-Winter

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              BLAINE

                            	 
      	
                              OK

                            	 
      	
                              2.625000

                            	 
      	
                              2.100000

                            	 
      	
                              68.149

                            	 
      
	
                              STATE
      AM LEASE 1, 2, & 3 - 3

                            	 
      	
                              CAPRITO

                            	 
      	
                              CHEVRONTEXACO

                            	 
      	
                              WARD

                            	 
      	
                              TX

                            	 
      	
                              4.062500

                            	 
      	
                              3.385420

                            	 
      	
                              67.903

                            	 
      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
        Page 1 of
11

        
          

        

      

      
         

      

    

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  
                    	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                            Adjusted Final

                          	 
      
	
                            Case Name

                          	 
      	
                            FIELD

                          	 
      	
                            Operator

                          	 
      	
                            COUNTY

                          	 
      	
                            STATE

                          	 
      	
                            WI
      %

                          	 
      	
                            RI %

                          	 
      	
                            Value

                          	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                            HEFLEY
      4-2 - 2

                          	 
      	
                            BUFFALO
      WALLOW

                          	 
      	
                            ELAND
      ENERGY

                          	 
      	
                            HEMPHILL

                          	 
      	
                            TX

                          	 
      	
                            3.000000

                          	 
      	
                            2.325000

                          	 
      	
                            67.546

                          	 
      
	
                            BREEDLOVE
      B-DEVONIAN MANY (1-24)

                          	 
      	
                            BREEDLOVE

                          	 
      	
                            ROFF
      OPERATING COMPANY

                          	 
      	
                            MARTIN

                          	 
      	
                            TX

                          	 
      	
                            0.229490

                          	 
      	
                            0.195810

                          	 
      	
                            65.462

                          	 
      
	
                            ARMSTRONG
      #05 - 5

                          	 
      	
                            ZEPHYR-STILES
      RANCH

                          	 
      	
                            ZEPHYR
      OPERATING LLC

                          	 
      	
                            WHEELER

                          	 
      	
                            TX

                          	 
      	
                            2.474240

                          	 
      	
                            1.837910

                          	 
      	
                            65.336

                          	 
      
	
                            JENNINGS
      A FEDERAL #4 - 4

                          	 
      	
                            LUSK

                          	 
      	
                            HENDRIX
      JOHN H CORPORATION

                          	 
      	
                            LEA

                          	 
      	
                            NM

                          	 
      	
                            4.678570

                          	 
      	
                            3.906610

                          	 
      	
                            65.211

                          	 
      
	
                            STROUD-POLK
      UNIT #2 - 1

                          	 
      	
                            JAYNESVILLE

                          	 
      	
                            MOSBACHER
      ENERGY COMPANY

                          	 
      	
                            COVINGTON

                          	 
      	
                            MS

                          	 
      	
                            0.970370

                          	 
      	
                            0.744080

                          	 
      	
                            64.757

                          	 
      
	
                            BREEDLOVE
      B-43

                          	 
      	
                            BREEDLOVE

                          	 
      	
                            ROFF
      OPERATING COMPANY

                          	 
      	
                            MARTIN

                          	 
      	
                            TX

                          	 
      	
                            0.229490

                          	 
      	
                            0.195810

                          	 
      	
                            64.298

                          	 
      
	
                            MCKNIGHT,
      MB LEASE

                          	 
      	
                            SAND
      HILLS

                          	 
      	
                            BURNETT
      OIL CO INC

                          	 
      	
                            CRANE

                          	 
      	
                            TX

                          	 
      	
                            2.309010

                          	 
      	
                            1.876080

                          	 
      	
                            63.502

                          	 
      
	
                            WEDMAN
      #1-3 - 1-3

                          	 
      	
                            MUSTANG
      & YUKON

                          	 
      	
                            PREMIER
      ENERGY LLC

                          	 
      	
                            CANADIAN

                          	 
      	
                            OK

                          	 
      	
                            5.375000

                          	 
      	
                            3.970160

                          	 
      	
                            63.402

                          	 
      
	
                            7502
      JV-S R.O.C. #1U-1U

                          	 
      	
                            R.O.C

                          	 
      	
                            BTA
      OIL PRODUCERS

                          	 
      	
                            WARD

                          	 
      	
                            TX

                          	 
      	
                            3.812270

                          	 
      	
                            3.812260

                          	 
      	
                            59.707

                          	 
      
	
                            GRAND
      CANYON B1-32 - A2-5

                          	 
      	
                            GRAND
      CANYON

                          	 
      	
                            BABCOCK
      & BROWN ENERGY

                          	 
      	
                            OTSEGO

                          	 
      	
                            MI

                          	 
      	
                            0.767650

                          	 
      	
                            0.580750

                          	 
      	
                            59.397

                          	 
      
	
                            HOOPLE
      (CLEAR FORK) UNIT W 13 - W 13

                          	 
      	
                            HOOPLE

                          	 
      	
                            GUNGOLL
      CARL E EXPLORATION LLC

                          	 
      	
                            CROSBY

                          	 
      	
                            TX

                          	 
      	
                            1.417690

                          	 
      	
                            1.085380

                          	 
      	
                            58.753

                          	 
      
	
                            FLATHEAD
      27-1 - 271

                          	 
      	
                            WALKER-CARTER

                          	 
      	
                            KEITH
      F WALKER

                          	 
      	
                            CARTER

                          	 
      	
                            OK

                          	 
      	
                            1.250000

                          	 
      	
                            0.923400

                          	 
      	
                            58.168

                          	 
      
	
                            RIESLING
      1 - 1

                          	 
      	
                            VINTAGE

                          	 
      	
                            TELLUS
      OPERATING GROUP LLC

                          	 
      	
                            JEFFERSON
      DAVIS

                          	 
      	
                            MS

                          	 
      	
                            0.241150

                          	 
      	
                            0.184780

                          	 
      	
                            57.430

                          	 
      
	
                            COMSTOCK
      #9-2

                          	 
      	
                            WALKER-FANGTASTIC

                          	 
      	
                            KEITH
      F WALKER

                          	 
      	
                            MEADE

                          	 
      	
                            KS

                          	 
      	
                            1.562500

                          	 
      	
                            1.175220

                          	 
      	
                            57.365

                          	 
      
	
                            EZELL
      UNIT 29-05 #1 - 1

                          	 
      	
                            CHOCTAW
      RIDGE NORTH

                          	 
      	
                            ESCAMBIA
      OPERATING CO, LLC

                          	 
      	
                            CHOCTAW

                          	 
      	
                            AL

                          	 
      	
                            1.296900

                          	 
      	
                            1.151060

                          	 
      	
                            57.332

                          	 
      
	
                            VARIOUS
      LEASES

                          	 
      	
                            PHYLLIS
      SONORA

                          	 
      	
                            BYRD
      OPERATING CO

                          	 
      	
                            SUTTON

                          	 
      	
                            TX

                          	 
      	
                            2.276000

                          	 
      	
                            1.834650

                          	 
      	
                            56.800

                          	 
      
	
                            STRONG
      FED COM #1-E - 1

                          	 
      	
                            WHITE
      CITY

                          	 
      	
                            MURCHISON
      OIL & GAS INCORPORAT

                          	 
      	
                            EDDY

                          	 
      	
                            NM

                          	 
      	
                            4.904790

                          	 
      	
                            4.291690

                          	 
      	
                            55.882

                          	 
      
	
                            CLEVELAND
      2-84

                          	 
      	
                            ZEPHYR-TIMBER
      CREEK

                          	 
      	
                            ZEPHYR
      OPERATING LLC

                          	 
      	
                            HEMPHILL

                          	 
      	
                            TX

                          	 
      	
                            4.200000

                          	 
      	
                            4.987010

                          	 
      	
                            54.438

                          	 
      
	
                            WOODS,
      IMA 1 - 1

                          	 
      	
                            KEY
      (MORROW, UP.)

                          	 
      	
                            ZEPHYR
      OPERATING LLC

                          	 
      	
                            Wheeler

                          	 
      	
                            TX

                          	 
      	
                            2.250000

                          	 
      	
                            1.750000

                          	 
      	
                            52.234

                          	 
      
	
                            STRONG
      FED COM #1 -1

                          	 
      	
                            WHITE
      CITY

                          	 
      	
                            MURCHISON
      OIL & GAS INCORPORAT

                          	 
      	
                            EDDY

                          	 
      	
                            NM

                          	 
      	
                            3.828130

                          	 
      	
                            3.349610

                          	 
      	
                            51.855

                          	 
      
	
                            SCHLOSSER
      FRED ESTATE -B- -13

                          	 
      	
                            ROJO
      CABALLOS

                          	 
      	
                            APACHE
      CORP

                          	 
      	
                            PECOS

                          	 
      	
                            TX

                          	 
      	
                            1.373600

                          	 
      	
                            1.071120

                          	 
      	
                            51.193

                          	 
      
	
                            MEADOWS
      4-02 - 2

                          	 
      	
                            BUFFALO
      WALLOW

                          	 
      	
                            ELAND
      ENERGY

                          	 
      	
                            HEMPHILL

                          	 
      	
                            TX

                          	 
      	
                            2.550000

                          	 
      	
                            2.015630

                          	 
      	
                            49.475

                          	 
      
	
                            HENSLEY
      MORRIS SEC 9 #9-1 - 9-1

                          	 
      	
                            MAVERICK

                          	 
      	
                            CROWN
      ENERGY COMPANY

                          	 
      	
                            ROGER
      MILLS

                          	 
      	
                            OK

                          	 
      	
                            5.935330

                          	 
      	
                            4.629330

                          	 
      	
                            49.101

                          	 
      
	
                            JOHNSON
      #1 - 1

                          	 
      	
                            CHEROKITA
      TREND

                          	 
      	
                            DAVON
      DRILLING CO

                          	 
      	
                            GRANT

                          	 
      	
                            OK

                          	 
      	
                            7.812500

                          	 
      	
                            6.825770

                          	 
      	
                            48.806

                          	 
      
	
                            BUCKTHAL
      #1-25 - 1025

                          	 
      	
                            BUCKTHAL-HELTON

                          	 
      	
                            FOREST
      OIL CORPORATION

                          	 
      	
                            HEMPHILL

                          	 
      	
                            TX

                          	 
      	
                            2.062500

                          	 
      	
                            1.553750

                          	 
      	
                            48.236

                          	 
      
	
                            MEADOWS
      4-08 - 8

                          	 
      	
                            BUFFALO
      WALLOW

                          	 
      	
                            ELAND
      ENERGY

                          	 
      	
                            HEMPHILL

                          	 
      	
                            TX

                          	 
      	
                            2.968250

                          	 
      	
                            2.337100

                          	 
      	
                            46.920

                          	 
      
	
                            MCKNIGHT,
      MB D-1 - MULTI

                          	 
      	
                            SAND
      HILLS

                          	 
      	
                            BURNETT
      OIL CO INC

                          	 
      	
                            CRANE

                          	 
      	
                            TX

                          	 
      	
                            2.309010

                          	 
      	
                            1.912170

                          	 
      	
                            44.590

                          	 
      
	
                            TIGER
      493 #1

                          	 
      	
                            WASSON

                          	 
      	
                            GUNGOLL
      CARL E EXPLORATION LLC

                          	 
      	
                            GAINES

                          	 
      	
                            TX

                          	 
      	
                            3.000000

                          	 
      	
                            2.160000

                          	 
      	
                            44.305

                          	 
      
	
                            SL
      5021 #2; MARG H STRAY RA SUA - 002

                          	 
      	
                            MANCHAC
      POINT

                          	 
      	
                            HILCORP
      ENERGY CO INC

                          	 
      	
                            E
      BTN RG

                          	 
      	
                            LA

                          	 
      	
                            4.375000

                          	 
      	
                            3.046340

                          	 
      	
                            44.038

                          	 
      
	
                            POSSUM
      9-1

                          	 
      	
                            WALKER-POSSUM
      SHOAL

                          	 
      	
                            KEITH
      F WALKER

                          	 
      	
                            MEADE

                          	 
      	
                            KS

                          	 
      	
                            3.750000

                          	 
      	
                            2.812500

                          	 
      	
                            43.943

                          	 
      
	
                            COLE
      TRUST A #1 - 1

                          	 
      	
                            NEWARK
      EAST

                          	 
      	
                            ENCANA
      OIL & GAS (USA) INC.

                          	 
      	
                            DENTON

                          	 
      	
                            TX

                          	 
      	
                            4.156250

                          	 
      	
                            2.784690

                          	 
      	
                            42.974

                          	 
      
	
                            DERBY
      1-4H

                          	 
      	
                            COLONY
      WASH

                          	 
      	
                            CHESAPEAKE
      OPERATING INC.

                          	 
      	
                            WASHITA

                          	 
      	
                            OK

                          	 
      	
                            0.289620

                          	 
      	
                            0.217210

                          	 
      	
                            42.655

                          	 
      
	
                            UNIVERSITY
      18-29 #2, 3, 5, 7

                          	 
      	
                            WAR-WINK,
      S

                          	 
      	
                            ANADARKO
      PETROLEUM CORPORATION

                          	 
      	
                            WARD

                          	 
      	
                            TX

                          	 
      	
                            0.519670

                          	 
      	
                            0.443540

                          	 
      	
                            42.304

                          	 
      
	
                            SAYRE
      RANCH SEC 5 #4-5 -1

                          	 
      	
                            MAVERICK

                          	 
      	
                            CROWN
      ENERGY COMPANY

                          	 
      	
                            ROGER
      MILLS

                          	 
      	
                            OK

                          	 
      	
                            7.083910

                          	 
      	
                            5.314400

                          	 
      	
                            41.385

                          	 
      
	
                            ARMSTRONG
      #04 - 4020

                          	 
      	
                            ZEPHYR-STILES
      RANCH

                          	 
      	
                            ZEPHYR
      OPERATING LLC

                          	 
      	
                            WHEELER

                          	 
      	
                            TX

                          	 
      	
                            3.493380

                          	 
      	
                            2.651910

                          	 
      	
                            40.989

                          	 
      
	
                            EAST
      PACHUTA CREEK OIL UN

                          	 
      	
                            PACHUTA
      CREEK EAST

                          	 
      	
                            BERGMAN
      COMPANIES

                          	 
      	
                            CLARKE

                          	 
      	
                            MS

                          	 
      	
                            0.318570

                          	 
      	
                            0.262940

                          	 
      	
                            40.207

                          	 
      
	
                            STINGER
      41-12 #1-41-12

                          	 
      	
                            BLUE
      MOUNTAIN

                          	 
      	
                            ABRAXAS
      PETROLEUM CORPORATION

                          	 
      	
                            WIBAUX

                          	 
      	
                            MT

                          	 
      	
                            3.241880

                          	 
      	
                            2.588740

                          	 
      	
                            38.276

                          	 
      
	
                            MAHOTA
      #1-26 - 26-1

                          	 
      	
                            CHEROKEE

                          	 
      	
                            B&W
      OPERATING LLC

                          	 
      	
                            ROGER
      MILLS

                          	 
      	
                            OK

                          	 
      	
                            2.500000

                          	 
      	
                            1.875000

                          	 
      	
                            37.410

                          	 
      
	
                            FOWLER
      #2 - 003AL

                          	 
      	
                            MIDDLEFORK

                          	 
      	
                            F W
      RABALAIS

                          	 
      	
                            LINCOLN

                          	 
      	
                            LA

                          	 
      	
                            1.593750

                          	 
      	
                            1.195310

                          	 
      	
                            36.478

                          	 
      
	
                            GL
      GAUDET ET AL 3 - 3

                          	 
      	
                            HESTER

                          	 
      	
                            KEY
      ENERGY OF CO INC

                          	 
      	
                            ST
      JAMES

                          	 
      	
                            LA

                          	 
      	
                            0.727000

                          	 
      	
                            0.551240

                          	 
      	
                            36.172

                          	 
      
	
                            SEVENTY-SIX
      RANCH 1 1R

                          	 
      	
                            WALKER-CHESTERFIELD

                          	 
      	
                            KEITH
      F WALKER

                          	 
      	
                            MEADE

                          	 
      	
                            KS

                          	 
      	
                            3.750000

                          	 
      	
                            2.812500

                          	 
      	
                            35.629

                          	 
      

                  

                

              

            

          

        

      

    

    
      
         

      

      
        Page 2 of
11

        
          

        

      

      
         

      

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                          Adjusted Final

                        	 
      
	
                          Case Name

                        	 
      	
                          FIELD

                        	 
      	
                          Operator

                        	 
      	
                          COUNTY

                        	 
      	
                          STATE

                        	 
      	
                          WI %

                        	 
      	
                          RI %

                        	 
      	
                          Value

                        	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                          ALEXANDER
      #2-2

                        	 
      	
                          ZEPHYR-WASHITA
      CREEK Granite Wash

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          HEMPHILL

                        	 
      	
                          TX

                        	 
      	
                          1.500000

                        	 
      	
                          1.218390

                        	 
      	
                          35.530

                        	 
      
	
                          WILLIAM
      TAYLOR 29 #3H - 1

                        	 
      	
                          WALKER-CLEVELAND

                        	 
      	
                          KEITH
      F WALKER

                        	 
      	
                          ELLIS

                        	 
      	
                          OK

                        	 
      	
                          1.234380

                        	 
      	
                          0.896140

                        	 
      	
                          35.051

                        	 
      
	
                          FERRELL
      A-14 - 14A

                        	 
      	
                          RAMIRENA

                        	 
      	
                          MOSBACHER
      ENERGY COMPANY

                        	 
      	
                          LIVE
      OAK

                        	 
      	
                          TX

                        	 
      	
                          3.694450

                        	 
      	
                          2.828560

                        	 
      	
                          34.698

                        	 
      
	
                          LEWIS
      2U -1

                        	 
      	
                          RUSTON

                        	 
      	
                          DEVON
      ENERGY PRODUCTION CO.

                        	 
      	
                          LINCOLN

                        	 
      	
                          LA

                        	 
      	
                          0.621950

                        	 
      	
                          0.544430

                        	 
      	
                          34.099

                        	 
      
	
                          DELLA
      COLVIN 1-18 - 1

                        	 
      	
                          RUSTON

                        	 
      	
                          DEVON
      ENERGY PRODUCTION CO.

                        	 
      	
                          LINCOLN

                        	 
      	
                          LA

                        	 
      	
                          0.855280

                        	 
      	
                          0.748360

                        	 
      	
                          33.870

                        	 
      
	
                          WEATHERBY
      IVY B 3 - 3

                        	 
      	
                          ROJO
      CABALLOS

                        	 
      	
                          CHEVRONTEXACO

                        	 
      	
                          PECOS

                        	 
      	
                          TX

                        	 
      	
                          0.409380

                        	 
      	
                          0.332620

                        	 
      	
                          33.847

                        	 
      
	
                          MARILYN
      1-5 - 1-5

                        	 
      	
                          KELTON
      EAST

                        	 
      	
                          APACHE
      CORP

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          0.524900

                        	 
      	
                          0.407470

                        	 
      	
                          33.518

                        	 
      
	
                          BALLOU
      #1-30 -1-30

                        	 
      	
                          DEMPSEY

                        	 
      	
                          B&W
      OPERATING LLC   .

                        	 
      	
                          ROGER
      MILLS

                        	 
      	
                          OK

                        	 
      	
                          3.856800

                        	 
      	
                          2.875240

                        	 
      	
                          32.017

                        	 
      
	
                          SANDER
      #1 - 1-11

                        	 
      	
                          ZEPHYR-MAGNESS

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          MAJOR

                        	 
      	
                          OK

                        	 
      	
                          4.250000

                        	 
      	
                          3.315000

                        	 
      	
                          31.937

                        	 
      
	
                          HEFLEY
      4-5 - 5

                        	 
      	
                          BUFFALO
      WALLOW

                        	 
      	
                          ELAND
      ENERGY

                        	 
      	
                          HEMPHILL

                        	 
      	
                          TX

                        	 
      	
                          3.000000

                        	 
      	
                          2.325000

                        	 
      	
                          31.756

                        	 
      
	
                          HEFLEY
      4-3 - 3

                        	 
      	
                          BUFFALO
      WALLOW

                        	 
      	
                          ELAND
      ENERGY

                        	 
      	
                          HEMPHILL

                        	 
      	
                          TX

                        	 
      	
                          3.000000

                        	 
      	
                          2.325000

                        	 
      	
                          31.721

                        	 
      
	
                          DOBSON
      RANCH SEC 2 #1-2

                        	 
      	
                          MAVERICK

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          6.014060

                        	 
      	
                          4.690960

                        	 
      	
                          31.410

                        	 
      
	
                          LOUISIANA
      FURS #5 DISC - 005

                        	 
      	
                          ESTHER
      SW

                        	 
      	
                          MOSBACHER
      ENERGY COMPANY

                        	 
      	
                          VERMILION

                        	 
      	
                          LA

                        	 
      	
                          3.815440

                        	 
      	
                          2.887550

                        	 
      	
                          31.353

                        	 
      
	
                          ARMSTRONG
      #02 - 2020

                        	 
      	
                          ZEPHYR-STILES
      RANCH

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          2.695510

                        	 
      	
                          2.158330

                        	 
      	
                          31.293

                        	 
      
	
                          JUANITA
      EMMETT #1-1 - 1-1

                        	 
      	
                          DEMPSEY

                        	 
      	
                          SOUTHERN
      BAY OPERATING, LLC

                        	 
      	
                          ROGER
      MILLS

                        	 
      	
                          OK

                        	 
      	
                          1.250000

                        	 
      	
                          0.968750

                        	 
      	
                          30.852

                        	 
      
	
                          HAJEK
      #2-17

                        	 
      	
                          WATONGA
      WEST

                        	 
      	
                          CONTINENTAL
      RESOURCES INC

                        	 
      	
                          BLAINE

                        	 
      	
                          OK

                        	 
      	
                          1.250000

                        	 
      	
                          1.000000

                        	 
      	
                          30.678

                        	 
      
	
                          CURTNER,
      S H, -A-1 - 1

                        	 
      	
                          SMR
      AREA

                        	 
      	
                          SABRE
      OPERATING INCORPORATED

                        	 
      	
                          WISE

                        	 
      	
                          TX

                        	 
      	
                          4.375000

                        	 
      	
                          3.708500

                        	 
      	
                          30.166

                        	 
      
	
                          DOBSON
      SEC 1 #2-1 - 201

                        	 
      	
                          MAVERICK

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          9.401980

                        	 
      	
                          7.213980

                        	 
      	
                          28.039

                        	 
      
	
                          WAYNICK
      A-1

                        	 
      	
                          NEWARK
      EAST

                        	 
      	
                          THE
      CUMMINGS CO, INC.

                        	 
      	
                          ERATH

                        	 
      	
                          TX

                        	 
      	
                          6.250000

                        	 
      	
                          4.687500

                        	 
      	
                          27.755

                        	 
      
	
                          WAYNICK
      1

                        	 
      	
                          NEWARK
      EAST

                        	 
      	
                          THE
      CUMMINGS CO, INC.

                        	 
      	
                          ERATH

                        	 
      	
                          TX

                        	 
      	
                          6.250000

                        	 
      	
                          4.687500

                        	 
      	
                          27.755

                        	 
      
	
                          REDSTONE
      2-18 - 2-18

                        	 
      	
                          SPELUNKER
      & WALSH

                        	 
      	
                          ENERGY
      ALLIANCE CO INCOR

                        	 
      	
                          BACA

                        	 
      	
                          CO

                        	 
      	
                          4.166410

                        	 
      	
                          3.333110

                        	 
      	
                          27.570

                        	 
      
	
                          MEADOWS
      4-05 - 5

                        	 
      	
                          BUFFALO
      WALLOW

                        	 
      	
                          ELAND
      ENERGY

                        	 
      	
                          HEMPHILL

                        	 
      	
                          TX

                        	 
      	
                          2.550000

                        	 
      	
                          2.002500

                        	 
      	
                          27.073

                        	 
      
	
                          ARMSTRONG
      #03 - 3020

                        	 
      	
                          ZEPHYR-STILES
      RANCH

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          2.938380

                        	 
      	
                          2.305310

                        	 
      	
                          26.824

                        	 
      
	
                          STRONG
      FED COM #3 - 3

                        	 
      	
                          WHITE
      CITY

                        	 
      	
                          MURCHISON
      OIL & GAS INCORPORAT

                        	 
      	
                          EDDY

                        	 
      	
                          NM

                        	 
      	
                          4.912280

                        	 
      	
                          4.252190

                        	 
      	
                          26.511

                        	 
      
	
                          WILLIAM
      29 #4 H - 29-4H

                        	 
      	
                          WALKER-CLEVELAND

                        	 
      	
                          KEITH
      F WALKER

                        	 
      	
                          ELLIS

                        	 
      	
                          OK

                        	 
      	
                          1.234380

                        	 
      	
                          0.896140

                        	 
      	
                          26.051

                        	 
      
	
                          COLE
      TRUST A #2 - 2

                        	 
      	
                          NEWARK
      EAST

                        	 
      	
                          ENCANA
      OIL & GAS (USA) INC.

                        	 
      	
                          DENTON

                        	 
      	
                          TX

                        	 
      	
                          4.156250

                        	 
      	
                          2.784690

                        	 
      	
                          25.408

                        	 
      
	
                          SALLIE
      505

                        	 
      	
                          KELTON
      EAST

                        	 
      	
                          SANGUINE
      GAS EXPLORATION

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          0.524900

                        	 
      	
                          0.377930

                        	 
      	
                          25.389

                        	 
      
	
                          REED,
      DM #5 - 5

                        	 
      	
                          CABEZA
      CREEK

                        	 
      	
                          MOSBACHER
      ENERGY COMPANY

                        	 
      	
                          GOLIAD

                        	 
      	
                          TX

                        	 
      	
                          2.500000

                        	 
      	
                          1.812500

                        	 
      	
                          25.278

                        	 
      
	
                          SIMPSON
      27-2 - 27-2

                        	 
      	
                          NETA-MINNELUSA

                        	 
      	
                          RESOLUTE
      WYOMING

                        	 
      	
                          Campbell

                        	 
      	
                          WY

                        	 
      	
                          1.010420

                        	 
      	
                          0.833600

                        	 
      	
                          25.224

                        	 
      
	
                          COLE
      TRUST A #3 - 3

                        	 
      	
                          NEWARK
      EAST

                        	 
      	
                          ENCANA
      OIL & GAS (USA) INC.

                        	 
      	
                          DENTON

                        	 
      	
                          TX

                        	 
      	
                          4.156250

                        	 
      	
                          2.784690

                        	 
      	
                          25.203

                        	 
      
	
                          DELLA
      COLVIN 3-18 - 3

                        	 
      	
                          RUSTON

                        	 
      	
                          DEVON
      ENERGY PRODUCTION CO.

                        	 
      	
                          LINCOLN

                        	 
      	
                          LA

                        	 
      	
                          0.855280

                        	 
      	
                          0.748360

                        	 
      	
                          24.390

                        	 
      
	
                          DULIN
      #1-27 - 1-27

                        	 
      	
                          RANKEN-KIM

                        	 
      	
                          RANKEN
      ENERGY CORPORATION

                        	 
      	
                          MCCLAIN

                        	 
      	
                          OK

                        	 
      	
                          2.000000

                        	 
      	
                          1.560000

                        	 
      	
                          24.337

                        	 
      
	
                          H1NK
      106

                        	 
      	
                          KELTON
      EAST

                        	 
      	
                          SANGUINE
      GAS EXPLORATION

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          0.524900

                        	 
      	
                          0.377930

                        	 
      	
                          23.013

                        	 
      
	
                          VIRGINIA
      CITY #17-1 - 1-17

                        	 
      	
                          WALKER-FANGTASTIC

                        	 
      	
                          KEITH
      F WALKER

                        	 
      	
                          MEADE

                        	 
      	
                          KS

                        	 
      	
                          1.562500

                        	 
      	
                          1.084820

                        	 
      	
                          22.953

                        	 
      
	
                          LONG
      #1-1 - 1-1

                        	 
      	
                          BOKOSHE
      S

                        	 
      	
                          SOUTHERN
      BAY OPERATING, LLC

                        	 
      	
                          LEFLORE

                        	 
      	
                          OK

                        	 
      	
                          1.294270

                        	 
      	
                          0.970700

                        	 
      	
                          22.838

                        	 
      
	
                          SL
      5021 #3 MPT CIB3 HAZ 3 - 3

                        	 
      	
                          MANCHAC
      POINT

                        	 
      	
                          HILCORP
      ENERGY CO INC

                        	 
      	
                          E
      BTN RG

                        	 
      	
                          LA

                        	 
      	
                          4.375000

                        	 
      	
                          3.181260

                        	 
      	
                          22.820

                        	 
      
	
                          BASS
      3-59 - 3-59

                        	 
      	
                          KELTON
      EAST

                        	 
      	
                          APACHE
      CORP

                        	 
      	
                          WHEELER

                        	 
      	
                          TX

                        	 
      	
                          0.374000

                        	 
      	
                          0.291330

                        	 
      	
                          22.573

                        	 
      
	
                          CAMPBELL
      #2H - 2H

                        	 
      	
                          NEWARK
      EAST

                        	 
      	
                          HARDING
      COMPANY

                        	 
      	
                          PARKER

                        	 
      	
                          TX

                        	 
      	
                          1.250000

                        	 
      	
                          0.937500

                        	 
      	
                          22.519

                        	 
      
	
                          DOBSON
      SEC 4 #1-4

                        	 
      	
                          MAVERICK

                        	 
      	
                          ZEPHYR
      OPERATING LLC

                        	 
      	
                          ROGER
      MILLS

                        	 
      	
                          OK

                        	 
      	
                          8.875000

                        	 
      	
                          6.922500

                        	 
      	
                          22.484

                        	 
      
	
                          BURGUNDY
      1 - 1

                        	 
      	
                          VINTAGE

                        	 
      	
                          TELLUS
      OPERATING GROUP LLC

                        	 
      	
                          JEFFERSON
      DAVIS

                        	 
      	
                          MS

                        	 
      	
                          0.241150

                        	 
      	
                          0.184780

                        	 
      	
                          22.193

                        	 
      
	
                          Hatfield
      1-6R

                        	 
      	
                          WALKER-FANGTASTIC

                        	 
      	
                          KEITH
      F WALKER

                        	 
      	
                          MEADE

                        	 
      	
                          KS

                        	 
      	
                          1.562500

                        	 
      	
                          1.175220

                        	 
      	
                          22.177

                        	 
      

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        Page 3 of
11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
B

     

    Attached to and part
of that certain Purchase and Sale Agreement by and between
Azalea Properties,
Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	
                                  Adjusted Final

                                	 
	
                                  Case
      Name

                                	 	
                                  FIELD

                                	 	
                                  Operator

                                	 	
                                  COUNTY

                                	 	
                                  STATE

                                	 	
                                  WI %

                                	 	
                                  RI %

                                	 	
                                  Value

                                	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                  WALSER
      206 - 1-5

                                	 	
                                  KELTON
      EAST

                                	 	
                                  SANGUINE
      GAS EXPLORATION

                                	 	
                                  WHEELER

                                	 	
                                  TX

                                	 	
                                  0.524900

                                	 	
                                  0.410730

                                	 	
                                  21.955

                                	 
	
                                  ARMSTRONG
      #06 - 6020

                                	 	
                                  ZEPHYR-STILES
      RANCH

                                	 	
                                  ZEPHYR
      OPERATING LLC

                                	 	
                                  WHEELER

                                	 	
                                  TX

                                	 	
                                  1.971740

                                	 	
                                  1.464640

                                	 	
                                  21.880

                                	 
	
                                  LODE
      16-2 - 16-2

                                	 	
                                  WALKER-FANGTASTIC

                                	 	
                                  KEITH
      F WALKER

                                	 	
                                  MEADE

                                	 	
                                  KS

                                	 	
                                  1.562500

                                	 	
                                  1.175220

                                	 	
                                  20.966

                                	 
	
                                  LINNIA
      J 1-18 - 1-18

                                	 	
                                  ZEPHYR-CHAIN
      RANCH

                                	 	
                                  ZEPHYR
      OPERATING LLC

                                	 	
                                  DEWEY

                                	 	
                                  OK

                                	 	
                                  4.175320

                                	 	
                                  3.296750

                                	 	
                                  20.874

                                	 
	
                                  BREEDLOVE
      B-26

                                	 	
                                  BREEDLOVE

                                	 	
                                  ROFF
      OPERATING COMPANY

                                	 	
                                  MARTIN

                                	 	
                                  TX

                                	 	
                                  0.229490

                                	 	
                                  0.195810

                                	 	
                                  20.831

                                	 
	
                                  TRIGGER
      #1-35 - 1-35

                                	 	
                                  WATONGA
      WEST

                                	 	
                                  CONTINENTAL
      RESOURCES INC

                                	 	
                                  BLAINE

                                	 	
                                  OK

                                	 	
                                  2.256590

                                	 	
                                  1.805270

                                	 	
                                  20.749

                                	 
	
                                  SUSAN
      LATHAM #1

                                	 	
                                  NEWARK
      EAST

                                	 	
                                  THE
      CUMMINGS CO, INC.

                                	 	
                                  ERATH

                                	 	
                                  TX

                                	 	
                                  3.750000

                                	 	
                                  2.812500

                                	 	
                                  20.221

                                	 
	
                                  1NDIANOLA
      #5

                                	 	
                                  NEWARK
      EAST

                                	 	
                                  THE
      CUMMINGS CO,INC.

                                	 	
                                  ERATH

                                	 	
                                  TX

                                	 	
                                  3.750000

                                	 	
                                  2.812500

                                	 	
                                  20.180

                                	 
	
                                  INDIANOLA
      #6

                                	 	
                                  NEWARK
      EAST

                                	 	
                                  THE
      CUMMINGS CO, INC.

                                	 	
                                  ERATH

                                	 	
                                  TX

                                	 	
                                  3.750000

                                	 	
                                  2.812500

                                	 	
                                  20.180

                                	 
	
                                  BIG
      CHIEF #8

                                	 	
                                  BIG
      CHIEF

                                	 	
                                  DINERO
      OPERATING CO

                                	 	
                                  EDDY

                                	 	
                                  NM

                                	 	
                                  1.042980

                                	 	
                                  0.782240

                                	 	
                                  20.147

                                	 
	
                                  SHOOK
      #A-5 - 5

                                	 	
                                  BREEDLOVE

                                	 	
                                  ROFF
      OPERATING COMPANY

                                	 	
                                  MARTIN

                                	 	
                                  TX

                                	 	
                                  0.248820

                                	 	
                                  0.212080

                                	 	
                                  19.991

                                	 
	
                                  HEFLEY
      4-7 - 7

                                	 	
                                  BUFFALO
      WALLOW

                                	 	
                                  ELAND
      ENERGY

                                	 	
                                  HEMPHILL

                                	 	
                                  TX

                                	 	
                                  3.000000

                                	 	
                                  2.325000

                                	 	
                                  19.753

                                	 
	
                                  COWAN
      #2-2

                                	 	
                                  WATONGA
      WEST

                                	 	
                                  ZEPHYR
      OPERATING LLC

                                	 	
                                  BLAINE

                                	 	
                                  OK

                                	 	
                                  2.588580

                                	 	
                                  1.941160

                                	 	
                                  19.515

                                	 
	
                                  GATLIN
      3-01 - 1

                                	 	
                                  BUFFALO
      WALLOW

                                	 	
                                  ELAND
      ENERGY

                                	 	
                                  HEMPHILL

                                	 	
                                  TX

                                	 	
                                  2.773630

                                	 	
                                  2.311080

                                	 	
                                  19.266

                                	 
	
                                  UNIVERSITY
      18-29 #6, 8, 10 - 10

                                	 	
                                  QUITO

                                	 	
                                  ANADARKO
      PETROLEUM CORPORATION

                                	 	
                                  WARD

                                	 	
                                  TX

                                	 	
                                  0.519670

                                	 	
                                  0.454710

                                	 	
                                  19.067

                                	 
	
                                  PLAINS
      UNIT FEDERAL #2 - 2

                                	 	
                                  LUSK

                                	 	
                                  CIMAREX
      ENERGY CO

                                	 	
                                  LEA

                                	 	
                                  NM

                                	 	
                                  0.000001

                                	 	
                                  0.584820

                                	 	
                                  19.045

                                	 
	
                                  DREAM
      6-1

                                	 	
                                  WALKER-DREAMWEAVER

                                	 	
                                  KEITH
      F WALKER

                                	 	
                                  MEADE

                                	 	
                                  KS

                                	 	
                                  1.562500

                                	 	
                                  1.175220

                                	 	
                                  18.446

                                	 
	
                                  JENNINGS
      FEDERAL COMM #1 - 1

                                	 	
                                  LUSK

                                	 	
                                  RAYA
      ENERGY CORP.

                                	 	
                                  LEA

                                	 	
                                  NM

                                	 	
                                  2.339290

                                	 	
                                  1.953310

                                	 	
                                  17.900

                                	 
	
                                  WEDMAN
      #2-1

                                	 	
                                  MUSTANG
      & YUKON

                                	 	
                                  PREMIER
      ENERGY LLC

                                	 	
                                  CANADIAN

                                	 	
                                  OK

                                	 	
                                  5.375000

                                	 	
                                  4.079160

                                	 	
                                  17.855

                                	 
	
                                  TUCKER
      1-9 35-129-23317 1-9 - 1-9

                                	 	
                                  MAVERICK

                                	 	
                                  MAVERICK-ZEPPHYR
      OPERATING

                                	 	
                                  Roger
      Mills

                                	 	
                                  OK

                                	 	
                                  7.142000

                                	 	
                                  5.625000

                                	 	
                                  17.658

                                	 
	
                                  BRADFORD
      #1-28A

                                	 	
                                  WATONGA
      WEST

                                	 	
                                  CONTINENTAL
      RESOURCES INC

                                	 	
                                  BLAINE

                                	 	
                                  OK

                                	 	
                                  1.220410

                                	 	
                                  0.915380

                                	 	
                                  17.512

                                	 
	
                                  ENTZ
      #1 - 1-20

                                	 	
                                  ENTZ

                                	 	
                                  BLAKE
      PRODUCTION COMPANY

                                	 	
                                  CADDO

                                	 	
                                  OK

                                	 	
                                  0.468750

                                	 	
                                  0.380860

                                	 	
                                  17.265

                                	 
	
                                  COOKSEY
      #17-15

                                	 	
                                  CHISMVILLE

                                	 	
                                  FOREST
      OIL CORPORATION

                                	 	
                                  LOGAN

                                	 	
                                  AR

                                	 	
                                  1.486030

                                	 	
                                  1.168480

                                	 	
                                  17.182

                                	 
	
                                  SCHLOSSER,
      F ET AL 2 - 3

                                	 	
                                  ROJO
      CABALLOS

                                	 	
                                  CHEVRONTEXACO

                                	 	
                                  PECOS

                                	 	
                                  TX

                                	 	
                                  0.409380

                                	 	
                                  0.332620

                                	 	
                                  17.139

                                	 
	
                                  CHIANTI
      1 - 1

                                	 	
                                  VINTAGE

                                	 	
                                  TELLUS
      OPERATING GROUP LLC

                                	 	
                                  JEFFERSON
      DAVIS

                                	 	
                                  MS

                                	 	
                                  0.129600

                                	 	
                                  0.102180

                                	 	
                                  16.552

                                	 
	
                                  JENSEN
      #1-22 - 1-22

                                	 	
                                  EL
      RENO

                                	 	
                                  CHESAPEAKE
      OPERATING INC.

                                	 	
                                  CANADIAN

                                	 	
                                  OK

                                	 	
                                  1.864130

                                	 	
                                  1.398160

                                	 	
                                  16.510

                                	 
	
                                  LORNE
      8-4

                                	 	
                                  WALKER-FANGTASTIC

                                	 	
                                  KEITH
      F WALKER

                                	 	
                                  MEADE

                                	 	
                                  KS

                                	 	
                                  1.562500

                                	 	
                                  1.175220

                                	 	
                                  16.131

                                	 
	
                                  UMPHRES5,
      C. F. ET #1, 2, 3 - 4

                                	 	
                                  MER-MAX

                                	 	
                                  CIMAREX
      ENERGY CO

                                	 	
                                  HOWARD

                                	 	
                                  TX

                                	 	
                                  2.265630

                                	 	
                                  1.840820

                                	 	
                                  16.082

                                	 
	
                                  BIG
      CHIEF #7 - 7

                                	 	
                                  BIG
      CHIEF

                                	 	
                                  DINERO
      OPERATING CO

                                	 	
                                  EDDY

                                	 	
                                  NM

                                	 	
                                  1.050000

                                	 	
                                  0.831150

                                	 	
                                  15.637

                                	 
	
                                  ARMSTRONG
      #07 - 7020

                                	 	
                                  ZEPHYR-STILES
      RANCH

                                	 	
                                  ZEPHYR
      OPERATING LLC

                                	 	
                                  WHEELER

                                	 	
                                  TX

                                	 	
                                  2.474240

                                	 	
                                  1.837910

                                	 	
                                  15.519

                                	 
	
                                  GODFREY
      1-19 - 1

                                	 	
                                  SPELUNKER
      & WALSH

                                	 	
                                  ENERGY
      ALLIANCE CO INCOR

                                	 	
                                  BACA

                                	 	
                                  CO

                                	 	
                                  4.279740

                                	 	
                                  3.423780

                                	 	
                                  15.300

                                	 
	
                                  RYALS
      #1-33 - 1-33

                                	 	
                                  MORGANTOWN
      EAST

                                	 	
                                  GUNGOLL
      CARL E EXPLORATION LLC

                                	 	
                                  JEFFERSON
      DAVIS

                                	 	
                                  MS

                                	 	
                                  2.724610

                                	 	
                                  2.043460

                                	 	
                                  15.113

                                	 
	
                                  MEADOWS
      89-01 - 1

                                	 	
                                  BUFFALO
      WALLOW

                                	 	
                                  ELAND
      ENERGY

                                	 	
                                  HEMPHILL

                                	 	
                                  TX

                                	 	
                                  2.407810

                                	 	
                                  1.866050

                                	 	
                                  14.913

                                	 
	
                                  WEAVER
      29 1R

                                	 	
                                  WALKER-DREAMWEAVER

                                	 	
                                  KEITH
      F WALKER

                                	 	
                                  MEADE

                                	 	
                                  KS

                                	 	
                                  1.562500

                                	 	
                                  1.175220

                                	 	
                                  14.762

                                	 
	
                                  ALEXANDER
      #2-1 - 1

                                	 	
                                  WASHITA
      CREEK

                                	 	
                                  B&W
      OPERATING
    LLC

                                	 	
                                  HEMPHILL

                                	 	
                                  TX

                                	 	
                                  1.500000

                                	 	
                                  1.218350

                                	 	
                                  14.715

                                	 
	
                                  BASS-CALCOTE
      3-59 - 1-5

                                	 	
                                  KELTON
      EAST

                                	 	
                                  APACHE
      CORP

                                	 	
                                  WHEELER

                                	 	
                                  TX

                                	 	
                                  0.350020

                                	 	
                                  0.261910

                                	 	
                                  14.452

                                	 
	
                                  DUNN
      A #3 H - 3H

                                	 	
                                  NEWARK
      EAST

                                	 	
                                  ENCANA
      OIL & GAS (USA) INC.

                                	 	
                                  DENTON

                                	 	
                                  TX

                                	 	
                                  5.829140

                                	 	
                                  4.371860

                                	 	
                                  14.277

                                	 
	
                                  BENNETT
      #1-22 - 1-22

                                	 	
                                  EL
      RENO

                                	 	
                                  CHESAPEAKE
      OPERATING INC.

                                	 	
                                  CANADIAN

                                	 	
                                  OK

                                	 	
                                  1.875000

                                	 	
                                  1.406250

                                	 	
                                  14.200

                                	 
	
                                  SALUE
      4-5

                                	 	
                                  KELTON
      EAST

                                	 	
                                  APACHE
      CORP

                                	 	
                                  WHEELER

                                	 	
                                  TX

                                	 	
                                  0.524900

                                	 	
                                  0.410730

                                	 	
                                  14.077

                                	 
	
                                  HEFLEY
      4-6 - 6

                                	 	
                                  BUFFALO
      WALLOW

                                	 	
                                  ELAND
      ENERGY

                                	 	
                                  HEMPHILL

                                	 	
                                  TX

                                	 	
                                  3.000000

                                	 	
                                  2.325000

                                	 	
                                  13.905

                                	 
	
                                  BEN
      16 1R - 16-1R

                                	 	
                                  WALKER-FANGTASTIC

                                	 	
                                  KEITH
      F WALKER

                                	 	
                                  MEADE

                                	 	
                                  KS

                                	 	
                                  1.562500

                                	 	
                                  1.175220

                                	 	
                                  13.642

                                	 

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        Page 4 of
11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT B

     

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

     

    
      
        
          
            
              
                
                  
                    
                      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                              Adjusted Final

                            	 
	
                              Case
      Name

                            	 
      	
                              FIELD

                            	 
      	
                              Operator

                            	 
      	
                              COUNTY

                            	 
      	
                              STATE

                            	 
      	
                              WI %

                            	 
      	
                              RI %

                            	 
      	
                              Value

                            	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                              KOLE
      #1 - 1-2

                            	 
      	
                              ST
      ANNES

                            	 
      	
                              SOUTHERN
      BAY OPERATING, LLC

                            	 
      	
                              SEMINOLE

                            	 
      	
                              OK

                            	 
      	
                              1.770230

                            	 
      	
                              1.327670

                            	 
      	
                              13.086

                            	 
	
                              FERRELL,
      MRS. ISABEL R. A-08 - MULTI

                            	 
      	
                              RAMIRENA

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              LIVE
      OAK

                            	 
      	
                              TX

                            	 
      	
                              3.694450

                            	 
      	
                              2.828560

                            	 
      	
                              12.994

                            	 
	
                              CLEVELAND
      1-84

                            	 
      	
                              ZEPHYR-TIMBER
      CREEK

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              4.200000

                            	 
      	
                              3.360000

                            	 
      	
                              12.899

                            	 
	
                              BEV
      ZAN #2 - 2

                            	 
      	
                              CABEZA
      CREEK

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              GOLIAD

                            	 
      	
                              TX

                            	 
      	
                              2.500000

                            	 
      	
                              1.812500

                            	 
      	
                              12.898

                            	 
	
                              PATSY
      NELL #1 - 108

                            	 
      	
                              ZEPHYR-LAKE
      GEORGE

                            	 
      	
                              ZEPHYR
      OPERATING LLC

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              2.500000

                            	 
      	
                              2.000000

                            	 
      	
                              12.746

                            	 
	
                              RED
      MOON #1-13 - 1-13

                            	 
      	
                              REYDON

                            	 
      	
                              THE
      GHK COMPANY

                            	 
      	
                              ROGER
      MILLS

                            	 
      	
                              OK

                            	 
      	
                              0.625000

                            	 
      	
                              0.437500

                            	 
      	
                              12.645

                            	 
	
                              AYCOCK
      M C 1, 5, 7 - 7

                            	 
      	
                              HOOPLE

                            	 
      	
                              GUNGOLL
      CARL E EXPLORATION LLC

                            	 
      	
                              CROSBY

                            	 
      	
                              TX

                            	 
      	
                              1.471040

                            	 
      	
                              1.174910

                            	 
      	
                              12.557

                            	 
	
                              FLYING
      J 12-9 - 12-9

                            	 
      	
                              DILL
      CITY

                            	 
      	
                              CONOCOPHILLIPS

                            	 
      	
                              WASHITA

                            	 
      	
                              OK

                            	 
      	
                              1.275000

                            	 
      	
                              0.905250

                            	 
      	
                              12.184

                            	 
	
                              AYCOCK
      D W A 2 - 2

                            	 
      	
                              HOOPLE

                            	 
      	
                              GUNGOLL
      CARL E EXPLORATION LLC

                            	 
      	
                              CROSBY

                            	 
      	
                              TX

                            	 
      	
                              1.471040

                            	 
      	
                              1.174890

                            	 
      	
                              12.096

                            	 
	
                              BOARD
      OF SUPERVISORS 16-14 #1 - 1

                            	 
      	
                              JAYNESVILLE

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              COVINGTON

                            	 
      	
                              MS

                            	 
      	
                              0.951220

                            	 
      	
                              0.713410

                            	 
      	
                              11.944

                            	 
	
                              RIVERBEND
      #1-27 - 1-27

                            	 
      	
                              RANKEN-KIM

                            	 
      	
                              RANKEN
      ENERGY CORPORATION

                            	 
      	
                              GARVIN

                            	 
      	
                              OK

                            	 
      	
                              2.000000

                            	 
      	
                              1.560000

                            	 
      	
                              11.907

                            	 
	
                              LUCKY
      DOG 1, 2, 4 - 2

                            	 
      	
                              QUITO

                            	 
      	
                              TEXON
      OIL COMPANY, INC.

                            	 
      	
                              Ward

                            	 
      	
                              TX

                            	 
      	
                              0.000001

                            	 
      	
                              0.511720

                            	 
      	
                              11.902

                            	 
	
                              CARTWRIGHT
      20-1

                            	 
      	
                              WALKER-FANGTASTIC

                            	 
      	
                              KEITH
      F WALKER

                            	 
      	
                              MEADE

                            	 
      	
                              KS

                            	 
      	
                              1.562500

                            	 
      	
                              1.175220

                            	 
      	
                              11.842

                            	 
	
                              MICHAEL
      8-2

                            	 
      	
                              WALKER-FANGTASTIC

                            	 
      	
                              KEITH
      F WALKER

                            	 
      	
                              MEADE

                            	 
      	
                              KS

                            	 
      	
                              1.562500

                            	 
      	
                              1.175220

                            	 
      	
                              11.616

                            	 
	
                              UNIVERSITY
      18-30 #2 - 2

                            	 
      	
                              QUITO

                            	 
      	
                              ANADARKO
      PETROLEUM CORPORATION

                            	 
      	
                              WARD

                            	 
      	
                              TX

                            	 
      	
                              0.519670

                            	 
      	
                              0.454710

                            	 
      	
                              11.360

                            	 
	
                              EDWIN
      1-1 - 1-1

                            	 
      	
                              MUSTANG
      & YUKON

                            	 
      	
                              PREMIER
      ENERGY LLC

                            	 
      	
                              CANADIAN

                            	 
      	
                              OK

                            	 
      	
                              4.735290

                            	 
      	
                              3.551470

                            	 
      	
                              11.349

                            	 
	
                              COOKSEY
      #12-15 - 12-15

                            	 
      	
                              CHISMVILLE

                            	 
      	
                              FOREST
      OIL CORPORATION

                            	 
      	
                              LOGAN

                            	 
      	
                              AR

                            	 
      	
                              1.454790

                            	 
      	
                              1.071250

                            	 
      	
                              11.310

                            	 
	
                              BROWN
      4-59

                            	 
      	
                              KELTON
      EAST

                            	 
      	
                              APACHE
      CORP

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              0.425000

                            	 
      	
                              0.331060

                            	 
      	
                              11.243

                            	 
	
                              UNIT
      25-4 1 - 1

                            	 
      	
                              VINTAGE

                            	 
      	
                              RANGE
      RESOURCES

                            	 
      	
                              JEFFERSON
      DAVIS

                            	 
      	
                              MS

                            	 
      	
                              0.121190

                            	 
      	
                              0.090650

                            	 
      	
                              11.240

                            	 
	
                              SNELL,
      IRVIN 1 & 3E
      - MULTI

                            	 
      	
                              BREEDLOVE

                            	 
      	
                              ROFF
      OPERATING COMPANY

                            	 
      	
                              MARTIN

                            	 
      	
                              TX

                            	 
      	
                              0.227060

                            	 
      	
                              0.193680

                            	 
      	
                              11.222

                            	 
	
                              FILLINGIM
      88-12 - 12

                            	 
      	
                              BUFFALO
      WALLOW

                            	 
      	
                              LINN
      OPERATING INC.

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              0.963410

                            	 
      	
                              0.761090

                            	 
      	
                              11.020

                            	 
	
                              SAYRE
      RANCH SEC 5 #3-5 - 1

                            	 
      	
                              MAVERICK

                            	 
      	
                              CROWN
      ENERGY COMPANY

                            	 
      	
                              ROGER
      MILLS

                            	 
      	
                              OK

                            	 
      	
                              7.089980

                            	 
      	
                              5.319720

                            	 
      	
                              10.601

                            	 
	
                              MCKINLEY
      2-20 - 2

                            	 
      	
                              SPELUNKER
      & WALSH

                            	 
      	
                              ENERGY
      ALLIANCE CO INCOR

                            	 
      	
                              BACA

                            	 
      	
                              CO

                            	 
      	
                              4.039990

                            	 
      	
                              3.231730

                            	 
      	
                              10.566

                            	 
	
                              TURNBOW,
      E. L. 3 - MULTI

                            	 
      	
                              BREEDLOVE

                            	 
      	
                              ROFF
      OPERATING COMPANY

                            	 
      	
                              MARTIN

                            	 
      	
                              TX

                            	 
      	
                              0.232810

                            	 
      	
                              0.198710

                            	 
      	
                              10.544

                            	 
	
                              GLEICHMAN
      #1

                            	 
      	
                              HUNTON

                            	 
      	
                              NEW
      DOMINION

                            	 
      	
                              SEMINOLE

                            	 
      	
                              OK

                            	 
      	
                              0.000001

                            	 
      	
                              0.715000

                            	 
      	
                              10.470

                            	 
	
                              ROBINSON/FERRELL
      - 1

                            	 
      	
                              RAMIRENA

                            	 
      	
                              MOSBACHER
      ENERGY COMPANY

                            	 
      	
                              LIVE
      OAK

                            	 
      	
                              TX

                            	 
      	
                              3.694460

                            	 
      	
                              2.862500

                            	 
      	
                              10.318

                            	 
	
                              FILLINGIM
      88-06 - 6

                            	 
      	
                              BUFFALO
      WALLOW

                            	 
      	
                              LINN
      OPERATING INC.

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              0.963410

                            	 
      	
                              0.761090

                            	 
      	
                              9.924

                            	 
	
                              GATLIN
      3-02 - 2

                            	 
      	
                              BUFFALO
      WALLOW

                            	 
      	
                              ELAND
      ENERGY

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              2.357430

                            	 
      	
                              1.868070

                            	 
      	
                              9.883

                            	 
	
                              HEFLEY
      4-4 - 4

                            	 
      	
                              BUFFALO
      WALLOW

                            	 
      	
                              ELAND
      ENERGY

                            	 
      	
                              HEMPHILL

                            	 
      	
                              TX

                            	 
      	
                              3.000000

                            	 
      	
                              2.325000

                            	 
      	
                              9.545

                            	 
	
                              HOLLINGSWORTH
      #3 - 3

                            	 
      	
                              LOGANSPORT

                            	 
      	
                              BP
      AMERICA PRODUCTION CO

                            	 
      	
                              DESOTO

                            	 
      	
                              LA

                            	 
      	
                              2.535714

                            	 
      	
                              1.901791

                            	 
      	
                              9.367

                            	 
	
                              PONDEROSA
      #33-01

                            	 
      	
                              WALKER-FANGTASTIC

                            	 
      	
                              KEITH
      F WALKER

                            	 
      	
                              MEADE

                            	 
      	
                              KS

                            	 
      	
                              1.562500

                            	 
      	
                              1.175220

                            	 
      	
                              9.193

                            	 
	
                              SALLIE
      2-5 - 2-5

                            	 
      	
                              KELTON
      EAST

                            	 
      	
                              APACHE
      CORP

                            	 
      	
                              WHEELER

                            	 
      	
                              TX

                            	 
      	
                              0.524900

                            	 
      	
                              0.410730

                            	 
      	
                              9.100

                            	 
	
                              HOP
      SING #1

                            	 
      	
                              WALKER-FANGTASTIC

                            	 
      	
                              KEITH
      F WALKER

                            	 
      	
                              MEADE

                            	 
      	
                              KS

                            	 
      	
                              1.562500

                            	 
      	
                              1.175220

                            	 
      	
                              9.074

                            	 
	
                              MARCUM
      #1-28 - 1-28

                            	 
      	
                              RANKEN-KIM

                            	 
      	
                              RANKEN
      ENERGY CORPORATION

                            	 
      	
                              MCCLAIN

                            	 
      	
                              OK

                            	 
      	
                              2.000000

                            	 
      	
                              1.560000

                            	 
      	
                              9.007

                            	 
	
                              ROWEN
      #1-6 - 1-6

                            	 
      	
                              DEMPSEY

                            	 
      	
                              SOUTHERN
      BAY OPERATING, LLC

                            	 
      	
                              ROGER
      MILLS

                            	 
      	
                              OK

                            	 
      	
                              1.437500

                            	 
      	
                              1.078130

                            	 
      	
                              8.899

                            	 
	
                              TRICE
      UNIT 35-04

                            	 
      	
                              CHOCTAW
      RIDGE NORTH

                            	 
      	
                              PRUET
      PRODUCTION CO

                            	 
      	
                              CHOCTAW

                            	 
      	
                              AL

                            	 
      	
                              0.443940

                            	 
      	
                              0.352420

                            	 
      	
                              8.835

                            	 
	
                              FOWLER
      #3 - 003AL

                            	 
      	
                              MIDDLEFORK

                            	 
      	
                              F
      W RABALAIS

                            	 
      	
                              LINCOLN

                            	 
      	
                              LA

                            	 
      	
                              1.593750

                            	 
      	
                              1.195310

                            	 
      	
                              8.624

                            	 
	
                              COOKSEY
      #16-15

                            	 
      	
                              CHISMVILLE

                            	 
      	
                              FOREST
      OIL CORPORATION

                            	 
      	
                              LOGAN

                            	 
      	
                              AR

                            	 
      	
                              1.486030

                            	 
      	
                              1.168480

                            	 
      	
                              8.336

                            	 
	
                              DINERO
      16-STATE-4 - 4

                            	 
      	
                              BIG
      CHIEF

                            	 
      	
                              DINERO
      OPERATING CO

                            	 
      	
                              EDDY

                            	 
      	
                              NM

                            	 
      	
                              0.524330

                            	 
      	
                              0.399730

                            	 
      	
                              8.328

                            	 
	
                              WEAVER
      #2-27

                            	 
      	
                              RANKEN-KIM

                            	 
      	
                              RANKEN
      ENERGY CORPORATION

                            	 
      	
                              MCCLAIN

                            	 
      	
                              OK

                            	 
      	
                              2.000000

                            	 
      	
                              1.560000

                            	 
      	
                              8.244

                            	 
	
                              HOBART
      9A1R

                            	 
      	
                              WALKER-FANGTASTIC

                            	 
      	
                              KEITH
      F WALKER

                            	 
      	
                              MEADE

                            	 
      	
                              KS

                            	 
      	
                              1.562500

                            	 
      	
                              1.175220

                            	 
      	
                              8.196

                            	 

                    

                  

                

              

            

          

        

      

    

     

    
      
        
        

      

      
        Page 5 of
11

        
          

        

      

      
        
        

      

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	
                                    Adjusted Final

                                  	 
	
                                    Case
      Name

                                  	 	
                                    FIELD

                                  	 	
                                    Operator

                                  	 	
                                    COUNTY

                                  	 	
                                    STATE

                                  	 	
                                    WI %

                                  	 	
                                    RI %

                                  	 	
                                    Value

                                  	 
	 
      	 	 
      	 	
                                     
      

                                  	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 
	
                                    BRUCE
      #1-15 - 1-15

                                  	 	
                                    PRUE
      SPRINGER

                                  	 	
                                    CONTINENTAL
      RESOURCES INC

                                  	 	
                                    BLAINE

                                  	 	
                                    OK

                                  	 	
                                    1.150000

                                  	 	
                                    0.911790

                                  	 	
                                    8.093

                                  	 
	
                                    OFFUTT
      L. D. 1 & 2 - MULTI

                                  	 	
                                    BREEDLOVE

                                  	 	
                                    ROFF
      OPERATING COMPANY

                                  	 	
                                    MARTIN

                                  	 	
                                    TX

                                  	 	
                                    0.148760

                                  	 	
                                    0.123890

                                  	 	
                                    8.058

                                  	 
	
                                    CHAMPAGNE
      1 - 1

                                  	 	
                                    VINTAGE

                                  	 	
                                    TELLUS
      OPERATING GROUP LLC

                                  	 	
                                    JEFFERSON
      DAVIS

                                  	 	
                                    MS

                                  	 	
                                    0.129600

                                  	 	
                                    0.102180

                                  	 	
                                    7.798

                                  	 
	
                                    MORRIS
      #1-6 - 1-6

                                  	 	
                                    DEMPSEY

                                  	 	
                                    SOUTHERN
      BAY OPERATING, LLC

                                  	 	
                                    ROGER
      MILLS

                                  	 	
                                    OK

                                  	 	
                                    1.067220

                                  	 	
                                    0.800420

                                  	 	
                                    7.791

                                  	 
	
                                    GATLIN
      3-03 - 3

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    ELAND
      ENERGY

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    2.964260

                                  	 	
                                    2.454050

                                  	 	
                                    7.790

                                  	 
	
                                    AGNES
      1-15H

                                  	 	
                                    COLONY
      WASH

                                  	 	
                                    CHESAPEAKE
      OPERATING INC.

                                  	 	
                                    WASHITA

                                  	 	
                                    OK

                                  	 	
                                    0.033480

                                  	 	
                                    0.025110

                                  	 	
                                    7.730

                                  	 
	
                                    PUFF
      ROYALTY WELLS

                                  	 	
                                    VARIOUS
      ORRI

                                  	 	
                                    WAPITI
      OPERATING, LLC

                                  	 	
                                    VARIOUS

                                  	 	
                                    TX

                                  	 	
                                    21.212120

                                  	 	
                                    21.212120

                                  	 	
                                    7.691

                                  	 
	
                                    TRICE
      UNIT 35-02

                                  	 	
                                    CHOCTAW
      RIDGE NORTH

                                  	 	
                                    PRUET
      PRODUCTION CO

                                  	 	
                                    CHOCTAW

                                  	 	
                                    AL

                                  	 	
                                    0.443940

                                  	 	
                                    0.352420

                                  	 	
                                    7.669

                                  	 
	
                                    AYCOCK
      M C A 1A, 2A, & 4A - 4A

                                  	 	
                                    HOOPLE

                                  	 	
                                    GUNGOLL
      CARL E EXPLORATION LLC

                                  	 	
                                    CROSBY

                                  	 	
                                    TX

                                  	 	
                                    1.471040

                                  	 	
                                    1.174910

                                  	 	
                                    7.663

                                  	 
	
                                    UNIVERSITY
      18-29 #1 - 1

                                  	 	
                                    QUITO

                                  	 	
                                    ANADARKO
      PETROLEUM CORPORATION

                                  	 	
                                    WARD

                                  	 	
                                    TX

                                  	 	
                                    0.654710

                                  	 	
                                    0.566620

                                  	 	
                                    7.605

                                  	 
	
                                    WILKINSON
      1-11

                                  	 	
                                    Zephyr-Winter

                                  	 	
                                    ZEPHYR
      OPERATING LLC

                                  	 	
                                    BLAINE

                                  	 	
                                    OK

                                  	 	
                                    2.117060

                                  	 	
                                    1.693650

                                  	 	
                                    7.506

                                  	 
	
                                    HARPER
      1-20 - 1

                                  	 	
                                    SPELUNKER
      & WALSH

                                  	 	
                                    ENERGY
      ALLIANCE CO INCOR

                                  	 	
                                    BACA

                                  	 	
                                    CO

                                  	 	
                                    4.040030

                                  	 	
                                    3.231760

                                  	 	
                                    7.360

                                  	 
	
                                    CAROLYN
      #1-36

                                  	 	
                                    DEMPSEY

                                  	 	
                                    B&W
      OPERATING LLC

                                  	 	
                                    ROGER
      MILLS

                                  	 	
                                    OK

                                  	 	
                                    3.750000

                                  	 	
                                    2.812500

                                  	 	
                                    7.296

                                  	 
	
                                    HARTMAN
      #1-9 - 1-9

                                  	 	
                                    SWEETWATER
      DRAGON

                                  	 	
                                    QUESTAR
      EXPL & PROD CO

                                  	 	
                                    ROGER
      MILLS

                                  	 	
                                    OK

                                  	 	
                                    1.500000

                                  	 	
                                    1.155500

                                  	 	
                                    7.271

                                  	 
	
                                    COOK
      NMD 1-13 - 1

                                  	 	
                                    SPELUNKER
      & WALSH

                                  	 	
                                    ENERGY
      ALLIANCE CO INCOR

                                  	 	
                                    BACA

                                  	 	
                                    CO

                                  	 	
                                    6.463990

                                  	 	
                                    5.201310

                                  	 	
                                    7.248

                                  	 
	
                                    MEADOWS
      4-07 - 7

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    ELAND
      ENERGY

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    3.400000

                                  	 	
                                    2.682500

                                  	 	
                                    6.883

                                  	 
	
                                    BREEDLOVE
      B-40

                                  	 	
                                    BREEDLOVE

                                  	 	
                                    ROFF
      OPERATING COMPANY

                                  	 	
                                    MARTIN

                                  	 	
                                    TX

                                  	 	
                                    0.229490

                                  	 	
                                    0.195810

                                  	 	
                                    6.776

                                  	 
	
                                    BRYANS
      MILL UNIT PF RECORD 1 - 1

                                  	 	
                                    BRYANS
      MILL

                                  	 	
                                    SULPHUR
      RIVER EXPLORATION INC

                                  	 	
                                    CASS

                                  	 	
                                    TX

                                  	 	
                                    1.165339

                                  	 	
                                    1.019671

                                  	 	
                                    6.730

                                  	 
	
                                    RED
      HILLS UNIT #4 - 4

                                  	 	
                                    LUSK

                                  	 	
                                    COG
      OPERATING LLC

                                  	 	
                                    LEA

                                  	 	
                                    NM

                                  	 	
                                    0.000001

                                  	 	
                                    0.285920

                                  	 	
                                    6.710

                                  	 
	
                                    NEYLAND
      HEIRS 1-37 - 1-37

                                  	 	
                                    SAINT
      PATRICK

                                  	 	
                                    GUNGOLL
      CARL E EXPLORATION LLC

                                  	 	
                                    AMITE

                                  	 	
                                    MS

                                  	 	
                                    3.375000

                                  	 	
                                    2.557790

                                  	 	
                                    6.680

                                  	 
	
                                    MONCRIEF
      #1 - 1

                                  	 	
                                    MIDDLEFORK

                                  	 	
                                    F
      W RABALAIS

                                  	 	
                                    LINCOLN

                                  	 	
                                    LA

                                  	 	
                                    1.246880

                                  	 	
                                    0.949010

                                  	 	
                                    6.592

                                  	 
	
                                    BUCKINGHAM
      105 - 1-5

                                  	 	
                                    KELTON
      EAST

                                  	 	
                                    APACHE
      CORP

                                  	 	
                                    WHEELER

                                  	 	
                                    TX

                                  	 	
                                    0.524900

                                  	 	
                                    0.410730

                                  	 	
                                    6.589

                                  	 
	
                                    MCDONALD
      #1 - 1

                                  	 	
                                    MIDDLEFORK

                                  	 	
                                    F
      W RABALAIS

                                  	 	
                                    LINCOLN

                                  	 	
                                    LA

                                  	 	
                                    1.593750

                                  	 	
                                    1.195310

                                  	 	
                                    6.268

                                  	 
	
                                    COOKSEY
      #04-22 - 4-22

                                  	 	
                                    CHISMVILLE

                                  	 	
                                    FOREST
      OIL CORPORATION

                                  	 	
                                    LOGAN

                                  	 	
                                    AR

                                  	 	
                                    1.438990

                                  	 	
                                    1.060170

                                  	 	
                                    6.164

                                  	 
	
                                    LEE
      #4-2 - 2

                                  	 	
                                    LEE

                                  	 	
                                    CHESAPEAKE
      OPERATING INC.

                                  	 	
                                    WHEELER

                                  	 	
                                    TX

                                  	 	
                                    1.312500

                                  	 	
                                    0.984380

                                  	 	
                                    6.105

                                  	 
	
                                    GINGER
      KAY 28-3

                                  	 	
                                    WALKER-FANGTASTIC

                                  	 	
                                    KEITH
      F WALKER

                                  	 	
                                    MEADE

                                  	 	
                                    KS

                                  	 	
                                    1562500

                                  	 	
                                    1.175220

                                  	 	
                                    6.071

                                  	 
	
                                    COOKSEY
      #05-15 - 5-15

                                  	 	
                                    CHISMVILLE

                                  	 	
                                    FOREST
      OIL CORPORATION

                                  	 	
                                    LOGAN

                                  	 	
                                    AR

                                  	 	
                                    1.438990

                                  	 	
                                    1.060170

                                  	 	
                                    5.996

                                  	 
	
                                    COOKSEY
      #03 - 3-C

                                  	 	
                                    CHISMVILLE

                                  	 	
                                    FOREST
      OIL CORPORATION

                                  	 	
                                    LOGAN

                                  	 	
                                    AR

                                  	 	
                                    1.441410

                                  	 	
                                    1.062100

                                  	 	
                                    5.889

                                  	 
	
                                    FEDERAL
      #1-27 - 1-27

                                  	 	
                                    RANKEN-KIM

                                  	 	
                                    RANKEN
      ENERGY CORPORATION

                                  	 	
                                    MCCLAIN

                                  	 	
                                    OK

                                  	 	
                                    2.000000

                                  	 	
                                    1.560000

                                  	 	
                                    5.813

                                  	 
	
                                    ALLEY
      2-17 - 2

                                  	 	
                                    SPELUNKER
      & WALSH

                                  	 	
                                    ENERGY
      ALLIANCE CO INCOR

                                  	 	
                                    BACA

                                  	 	
                                    CO

                                  	 	
                                    3.827250

                                  	 	
                                    3.061780

                                  	 	
                                    5.707

                                  	 
	
                                    SAYRE
      RANCH SEC 5 #5-5 - 1

                                  	 	
                                    MAVERICK

                                  	 	
                                    ZEPHYR
      OPERATING LLC

                                  	 	
                                    ROGER
      MILLS

                                  	 	
                                    OK

                                  	 	
                                    8.472780

                                  	 	
                                    6.354590

                                  	 	
                                    5.678

                                  	 
	
                                    MEADOWS
      4-04 - 4

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    ELAND
      ENERGY

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    1.500000

                                  	 	
                                    1.162500

                                  	 	
                                    5.669

                                  	 
	
                                    FILLINGIM
      88-02 - 2

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    0.963410

                                  	 	
                                    0.761090

                                  	 	
                                    5.510

                                  	 
	
                                    MCKNIGHT,
      MB E-2 - 2

                                  	 	
                                    SAND
      HILLS

                                  	 	
                                    BURNETT
      OIL CO INC

                                  	 	
                                    CRANE

                                  	 	
                                    TX

                                  	 	
                                    2.309010

                                  	 	
                                    1.876080

                                  	 	
                                    5.431

                                  	 
	
                                    BASSETT
      13-02 - 2

                                  	 	
                                    MUSTANG
      & YUKON

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    CANADIAN

                                  	 	
                                    OK

                                  	 	
                                    0.000001

                                  	 	
                                    0.165950

                                  	 	
                                    5.422

                                  	 
	
                                    GAS
      FARM 1-17 - 1-17

                                  	 	
                                    SPELUNKER
      & WALSH

                                  	 	
                                    ENERGY
      ALLIANCE CO INCOR

                                  	 	
                                    BACA

                                  	 	
                                    CO

                                  	 	
                                    4.324740

                                  	 	
                                    3.459780

                                  	 	
                                    5.381

                                  	 
	
                                    BUCKINGHAM
      205 - 2-5

                                  	 	
                                    KELTON
      EAST

                                  	 	
                                    SANGUINE
      GAS EXPLORATION

                                  	 	
                                    WHEELER

                                  	 	
                                    TX

                                  	 	
                                    0.524900

                                  	 	
                                    0.410730

                                  	 	
                                    5.340

                                  	 
	
                                    KEITH
      1-58 - 1-58

                                  	 	
                                    KELTON
      EAST

                                  	 	
                                    APACHE
      CORP

                                  	 	
                                    WHEELER

                                  	 	
                                    TX

                                  	 	
                                    0.524900

                                  	 	
                                    0.377930

                                  	 	
                                    5.191

                                  	 
	
                                    COOK
      2-7 - 2

                                  	 	
                                    SPELUNKER
      & WALSH

                                  	 	
                                    ENERGY
      ALLIANCE CO INCOR

                                  	 	
                                    BACA

                                  	 	
                                    CO

                                  	 	
                                    3.827340

                                  	 	
                                    3.061850

                                  	 	
                                    5.177

                                  	 
	
                                    EL
      CHICO #2 H - 2H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    CARRIZO
      OIL & GAS, INC

                                  	 	
                                    PARKER

                                  	 	
                                    TX

                                  	 	
                                    0.400000

                                  	 	
                                    0.300000

                                  	 	
                                    5.054

                                  	 
	
                                    OBENCHAIN
      B3H - B3H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    DENTON

                                  	 	
                                    TX

                                  	 	
                                    0.625000

                                  	 	
                                    0.462500

                                  	 	
                                    5.045

                                  	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Page 6 of
11

        
          

        

      

      
         

      

    

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between
Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	 
      	 	
                                    Adjusted Final

                                  	 
	
                                    Case
      Name

                                  	 	
                                    FIELD

                                  	 	
                                    Operator

                                  	 	
                                    COUNTY

                                  	 	
                                    STATE

                                  	 	
                                    WI %

                                  	 	
                                    RI %

                                  	 	
                                    Value

                                  	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                    SELF
      GAS UNIT #69-3 - 1

                                  	 	
                                    HOSTETTER

                                  	 	
                                    CHEVRONTEXACO

                                  	 	
                                    DUVAL

                                  	 	
                                    TX

                                  	 	
                                    4.760670

                                  	 	
                                    3.610120

                                  	 	
                                    4.997

                                  	 
	
                                    HOSS
      21-1 - 21-1

                                  	 	
                                    WALKER-FANGTASTIC

                                  	 	
                                    KEITH
      F WALKER

                                  	 	
                                    MEADE

                                  	 	
                                    KS

                                  	 	
                                    1.562500

                                  	 	
                                    1.175220

                                  	 	
                                    4.996

                                  	 
	
                                    UNIVERSITY
      18-31 #6 - 6

                                  	 	
                                    QUITO

                                  	 	
                                    ANADARKO
      PETROLEUM CORPORATION

                                  	 	
                                    WARD

                                  	 	
                                    TX

                                  	 	
                                    0.519670

                                  	 	
                                    0.454710

                                  	 	
                                    4.923

                                  	 
	
                                    MCCOMB
      M GAS UNIT 1 - 1

                                  	 	
                                    MCCOMB

                                  	 	
                                    EXXONMOBIL
      CORPORATION

                                  	 	
                                    PECOS

                                  	 	
                                    TX

                                  	 	
                                    2.588240

                                  	 	
                                    2.102940

                                  	 	
                                    4.837

                                  	 
	
                                    GARR
      3-11 - 3-11

                                  	 	
                                    MUSTANG
      & YUKON

                                  	 	
                                    PYRAMID
      OIL OF AMERICA INC

                                  	 	
                                    Canadian

                                  	 	
                                    OK

                                  	 	
                                    0.698000

                                  	 	
                                    0.523500

                                  	 	
                                    4.808

                                  	 
	
                                    TURKEY
      CREEK UNIT 1 - 1

                                  	 	
                                    TURKEY
      CREEK

                                  	 	
                                    PRUET
      PRODUCTION CO

                                  	 	
                                    CHOCTAW

                                  	 	
                                    AL

                                  	 	
                                    0.573160

                                  	 	
                                    0.477950

                                  	 	
                                    4.655

                                  	 
	
                                    GARRETT
      #1 - 1

                                  	 	
                                    JAYNESVILLE

                                  	 	
                                    MOSBACHER
      ENERGY COMPANY

                                  	 	
                                    COVINGTON

                                  	 	
                                    MS

                                  	 	
                                    0.828530

                                  	 	
                                    0.639520

                                  	 	
                                    4.565

                                  	 
	
                                    FILLINGIM
      88-01 - 1

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    0.963400

                                  	 	
                                    0.761092

                                  	 	
                                    4.390

                                  	 
	
                                    WEIDEMANN
      2-11 - 2-11

                                  	 	
                                    MUSTANG
      & YUKON

                                  	 	
                                    PYRAMID
      OIL OF AMERICA INC

                                  	 	
                                    CANADIAN

                                  	 	
                                    OK

                                  	 	
                                    1.198000

                                  	 	
                                    0.898500

                                  	 	
                                    4.349

                                  	 
	
                                    RUTH
      ANN #1-14 - 1-35

                                  	 	
                                    WATONGA
      WEST

                                  	 	
                                    CONTINENTAL
      RESOURCES INC

                                  	 	
                                    BLAINE

                                  	 	
                                    OK

                                  	 	
                                    2.061670

                                  	 	
                                    1.546250

                                  	 	
                                    4.332

                                  	 
	
                                    JAGGER
      DEAN #1 - 34-1

                                  	 	
                                    WALKER-FANGTASTIC

                                  	 	
                                    KEITH
      F WALKER

                                  	 	
                                    MEADE

                                  	 	
                                    KS

                                  	 	
                                    1.562500

                                  	 	
                                    1.175220

                                  	 	
                                    4.248

                                  	 
	
                                    CRANZ
      #14 - 14

                                  	 	
                                    SPEAKS
      SW

                                  	 	
                                    MOSBACHER
      ENERGY COMPANY

                                  	 	
                                    LAVACA

                                  	 	
                                    TX

                                  	 	
                                    3.428730

                                  	 	
                                    2.532620

                                  	 	
                                    4.206

                                  	 
	
                                    FILLINGIM
      88-09 - 9

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    0.963410

                                  	 	
                                    0.761090

                                  	 	
                                    4.136

                                  	 
	
                                    TURNBOW,
      E. L. 4 - 4

                                  	 	
                                    BREEDLOVE

                                  	 	
                                    ROFF
      OPERATING COMPANY

                                  	 	
                                    MARTIN

                                  	 	
                                    TX

                                  	 	
                                    0.232810

                                  	 	
                                    0.198710

                                  	 	
                                    4.134

                                  	 
	
                                    OBENCHAIN
      E2H - E2H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    DENTON

                                  	 	
                                    TX

                                  	 	
                                    0.625000

                                  	 	
                                    0.462500

                                  	 	
                                    4.097

                                  	 
	
                                    RYAN
      #2-6 - 2-6

                                  	 	
                                    RED
      OAK

                                  	 	
                                    SOUTHERN
      BAY OPERATING, LLC

                                  	 	
                                    LATIMER

                                  	 	
                                    OK

                                  	 	
                                    0.519380

                                  	 	
                                    0.389530

                                  	 	
                                    4.066

                                  	 
	
                                    ABBIE
      COLVIN T 1-25 - 1

                                  	 	
                                    RUSTON

                                  	 	
                                    DEVON
      ENERGY PRODUCTION CO.

                                  	 	
                                    LINCOLN

                                  	 	
                                    LA

                                  	 	
                                    0.310840

                                  	 	
                                    0.271980

                                  	 	
                                    4.050

                                  	 
	
                                    LITTLE
      JOE 28-1 - 28-1

                                  	 	
                                    WALKER-FANGTASTIC

                                  	 	
                                    KEITH
      F WALKER

                                  	 	
                                    MEADE

                                  	 	
                                    KS

                                  	 	
                                    1.562500

                                  	 	
                                    1.175220

                                  	 	
                                    3.994

                                  	 
	
                                    FILLINGIM
      88-08 - 8

                                  	 	
                                    BUFFALO
      WALLOW

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    HEMPHILL

                                  	 	
                                    TX

                                  	 	
                                    0.963410

                                  	 	
                                    0.761090

                                  	 	
                                    3.864

                                  	 
	
                                    KAPLAN
      2-1

                                  	 	
                                    MUSTANG
      & YUKON

                                  	 	
                                    D
      C ENERGY INCORPORATED

                                  	 	
                                    CANADIAN

                                  	 	
                                    OK

                                  	 	
                                    0.823890

                                  	 	
                                    0.900330

                                  	 	
                                    3.797

                                  	 
	
                                    RSK
      #4 - 4

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    WOLSEY
      WELL SERVICE

                                  	 	
                                    WISE

                                  	 	
                                    TX

                                  	 	
                                    1.800000

                                  	 	
                                    1.278000

                                  	 	
                                    3.640

                                  	 
	
                                    COKER
      SEC 10 #10-1 - 101

                                  	 	
                                    MAVERICK

                                  	 	
                                    CROWN
      ENERGY COMPANY

                                  	 	
                                    ROGER
      MILLS

                                  	 	
                                    OK

                                  	 	
                                    6.111110

                                  	 	
                                    4.766600

                                  	 	
                                    3.596

                                  	 
	
                                    HILLBOLDT,
      D. C. - 1

                                  	 	
                                    ORANGE
      HILL, S

                                  	 	
                                    QUAIL
      CREEK OIL CORPORATION

                                  	 	
                                    ORANGE

                                  	 	
                                    TX

                                  	 	
                                    1.567060

                                  	 	
                                    1.303640

                                  	 	
                                    3.594

                                  	 
	
                                    BEACONS
      GULLY 7500’ FRIO SAND - 1

                                  	 	
                                    BEACONS
      GULLY

                                  	 	
                                    WAGNER
      OIL COMPANY

                                  	 	
                                    EVANGELINE

                                  	 	
                                    LA

                                  	 	
                                    1.471810

                                  	 	
                                    1.095080

                                  	 	
                                    3.577

                                  	 
	
                                    UGLY
      HOG #1 - 1

                                  	 	
                                    QUITO

                                  	 	
                                    SEABOARD
      OIL COMPANY

                                  	 	
                                    Ward

                                  	 	
                                    TX

                                  	 	
                                    6.140630

                                  	 	
                                    4.701420

                                  	 	
                                    3.510

                                  	 
	
                                    CORDES
      1-15 - 1-15

                                  	 	
                                    ALEDO
      SOUTHEAST

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    CUSTER

                                  	 	
                                    OK

                                  	 	
                                    0.133650

                                  	 	
                                    0.121100

                                  	 	
                                    3.339

                                  	 
	
                                    COOKSEY
      #14-22 - 14-22

                                  	 	
                                    CHISMVILLE

                                  	 	
                                    FOREST
      OIL CORPORATION

                                  	 	
                                    LOGAN

                                  	 	
                                    AR

                                  	 	
                                    1.445040

                                  	 	
                                    1.064410

                                  	 	
                                    3.329

                                  	 
	
                                    BREEDLOVE
      B-37 R

                                  	 	
                                    BREEDLOVE

                                  	 	
                                    ROFF
      OPERATING COMPANY

                                  	 	
                                    MARTIN

                                  	 	
                                    TX

                                  	 	
                                    0.229490

                                  	 	
                                    0.195810

                                  	 	
                                    3.285

                                  	 
	
                                    BASS
      5059 - 5-59

                                  	 	
                                    KELTON
      EAST

                                  	 	
                                    SANGUINE
      GAS EXPLORATION

                                  	 	
                                    WHEELER

                                  	 	
                                    TX

                                  	 	
                                    0.524900

                                  	 	
                                    0.410730

                                  	 	
                                    3.271

                                  	 
	
                                    OBENCHAIN
      D2 - D2H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    DENTON

                                  	 	
                                    TX

                                  	 	
                                    0.625000

                                  	 	
                                    0.462500

                                  	 	
                                    3.220

                                  	 
	
                                    OBENCHAIN
      A3H - A3H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    DENTON

                                  	 	
                                    TX

                                  	 	
                                    0.625000

                                  	 	
                                    0.462500

                                  	 	
                                    3.175

                                  	 
	
                                    COOKSEY
      #15-22

                                  	 	
                                    CHISMVILLE

                                  	 	
                                    FOREST
      OIL CORPORATION

                                  	 	
                                    LOGAN

                                  	 	
                                    AR

                                  	 	
                                    1.514600

                                  	 	
                                    1.244030

                                  	 	
                                    3.061

                                  	 
	
                                    INLOW
      1-14 - 1-14

                                  	 	
                                    MAYFIELD

                                  	 	
                                    CHESAPEAKE
      OPERATING INC.

                                  	 	
                                    BECKHAM

                                  	 	
                                    OK

                                  	 	
                                    0.320000

                                  	 	
                                    0.240000

                                  	 	
                                    3.054

                                  	 
	
                                    STEFFEN
      HARVEY 2 - 2

                                  	 	
                                    WATONGA-CHICKASHA
      TREND

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    CANADIAN

                                  	 	
                                    OK

                                  	 	
                                    0.261720

                                  	 	
                                    0.227710

                                  	 	
                                    3.030

                                  	 
	
                                    WATSON,
      MATTIE 1-25 - 1

                                  	 	
                                    RUSTON

                                  	 	
                                    DEVON
      ENERGY PRODUCTION CO.

                                  	 	
                                    LINCOLN

                                  	 	
                                    LA

                                  	 	
                                    0.310840

                                  	 	
                                    0.271980

                                  	 	
                                    3.025

                                  	 
	
                                    OBENCHAIN
      E3H - E3H

                                  	 	
                                    NEWARK
      EAST

                                  	 	
                                    RANGE
      RESOURCES

                                  	 	
                                    DENTON

                                  	 	
                                    TX

                                  	 	
                                    0.625000

                                  	 	
                                    0.462500

                                  	 	
                                    2.877

                                  	 
	
                                    NELLIE
      21 - 1

                                  	 	
                                    LOVINGTON

                                  	 	
                                    CHESAPEAKE
      OPERATING INC.

                                  	 	
                                    LEA

                                  	 	
                                    NM

                                  	 	
                                    1.661430

                                  	 	
                                    1.247230

                                  	 	
                                    2.850

                                  	 
	
                                    BRADLEY
      A #7 - 7-T

                                  	 	
                                    BOX
      CHURCH

                                  	 	
                                    XTO
      ENERGY INC

                                  	 	
                                    LIMESTONE

                                  	 	
                                    TX

                                  	 	
                                    1.116290

                                  	 	
                                    0.971380

                                  	 	
                                    2.776

                                  	 
	
                                    NEYLAND
      HEIRS 1-07 - 1-7

                                  	 	
                                    SAINT
      PATRICK

                                  	 	
                                    GUNGOLL
      CARL E EXPLORATION LLC

                                  	 	
                                    AMITE

                                  	 	
                                    MS

                                  	 	
                                    2.250000

                                  	 	
                                    1.700010

                                  	 	
                                    2.774

                                  	 
	
                                    BASSETT
      12-01 - 1-12

                                  	 	
                                    MUSTANG
      & YUKON

                                  	 	
                                    LINN
      OPERATING INC.

                                  	 	
                                    CANADIAN

                                  	 	
                                    OK

                                  	 	
                                    0.200000

                                  	 	
                                    0.254170

                                  	 	
                                    2.734

                                  	 
	
                                    BREEDLOVE
      B-30

                                  	 	
                                    BREEDLOVE

                                  	 	
                                    ROFF
      OPERATING COMPANY

                                  	 	
                                    MARTIN

                                  	 	
                                    TX

                                  	 	
                                    0.145380

                                  	 	
                                    0.132720

                                  	 	
                                    2.719

                                  	 

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        Page 7 of
11

        
          

        

      

      
         

      

    

     

    EXHIBIT
B

     

    Attached to and part
of that certain Purchase and Sale Agreement by and between Azalea Properties,
Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                    Adjusted Final

                  	 
      
	
                    Case Name

                  	 
      	
                    FIELD

                  	 
      	
                    Operator

                  	 
      	
                    COUNTY

                  	 
      	
                    STATE

                  	 
      	
                    WI %

                  	 
      	
                    RI %

                  	 
      	
                    Value

                  	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    OBENCHAIN
      D1H - D1H

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    RANGE
      RESOURCES

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    0.625000

                  	 
      	
                    0.462500

                  	 
      	
                    2.637

                  	 
      
	
                    BREEDLOVE
      B-39

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.229490

                  	 
      	
                    0.195810

                  	 
      	
                    2.567

                  	 
      
	
                    HOFFMAN
      1-11H

                  	 
      	
                    ALEDO
      SOUTHWEST

                  	 
      	
                    DUNCAN
      OIL PROPERTIES, INC.

                  	 
      	
                    CUSTER

                  	 
      	
                    OK

                  	 
      	
                    1.829270

                  	 
      	
                    1.431400

                  	 
      	
                    2.553

                  	 
      
	
                    GARR
      2-11 - 11-2

                  	 
      	
                    MUSTANG
      & YUKON

                  	 
      	
                    GDA
      INVESTMENTS INCORPORATED

                  	 
      	
                    CANADIAN

                  	 
      	
                    OK

                  	 
      	
                    1.083230

                  	 
      	
                    0.866580

                  	 
      	
                    2.544

                  	 
      
	
                    BROWN
      1-5 - 105

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.375000

                  	 
      	
                    0.292110

                  	 
      	
                    2.496

                  	 
      
	
                    TURNBOW
      5

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.258370

                  	 
      	
                    0.220070

                  	 
      	
                    2.442

                  	 
      
	
                    PATHFINDER
      #2-13 - 2-13

                  	 
      	
                    REYDON

                  	 
      	
                    THE
      GHK COMPANY

                  	 
      	
                    ROGER
      MILLS

                  	 
      	
                    OK

                  	 
      	
                    0.652290

                  	 
      	
                    0.506360

                  	 
      	
                    2.307

                  	 
      
	
                    DEVENIE
      KAY 28-2 - 28-2

                  	 
      	
                    WALKER-FANGTASTIC

                  	 
      	
                    KEITH
      F WALKER

                  	 
      	
                    MEADE

                  	 
      	
                    KS

                  	 
      	
                    1.562500

                  	 
      	
                    1.175220

                  	 
      	
                    2.223

                  	 
      
	
                    COOKSEY
      #13-22 - 13-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.439860

                  	 
      	
                    1.060770

                  	 
      	
                    2.203

                  	 
      
	
                    COOKSEY
      #07-22 - 7-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.525910

                  	 
      	
                    1.135280

                  	 
      	
                    2.173

                  	 
      
	
                    DUNN
      A #1 - 1

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    ENCANA
      OIL & GAS (USA) INC.

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    5.829140

                  	 
      	
                    4.371860

                  	 
      	
                    2.120

                  	 
      
	
                    DINERO
      16-STATE-5 - 5

                  	 
      	
                    BIG
      CHIEF

                  	 
      	
                    DINERO
      OPERATING CO

                  	 
      	
                    EDDY

                  	 
      	
                    NM

                  	 
      	
                    1.500000

                  	 
      	
                    1.125000

                  	 
      	
                    2.100

                  	 
      
	
                    ADAM
      #28-1 - 28-1

                  	 
      	
                    WALKER-FANGTASTIC

                  	 
      	
                    KEITH
      F WALKER

                  	 
      	
                    MEADE

                  	 
      	
                    KS

                  	 
      	
                    1.562500

                  	 
      	
                    1.175220

                  	 
      	
                    2.046

                  	 
      
	
                    GROTTO
      ROUGE 1-30 - 1-30

                  	 
      	
                    SPELUNKER
      & WALSH

                  	 
      	
                    ENERGY
      ALLIANCE CO INCOR

                  	 
      	
                    BACA

                  	 
      	
                    CO

                  	 
      	
                    3.707700

                  	 
      	
                    2.980640

                  	 
      	
                    2.042

                  	 
      
	
                    TARON
      2-28H/28

                  	 
      	
                    SNEAKY
      PETE

                  	 
      	
                    TRANSPRO
      ENERGY LLC

                  	 
      	
                    POTTOWATOMIE

                  	 
      	
                    OK

                  	 
      	
                    2.625000

                  	 
      	
                    2.100000

                  	 
      	
                    2.015

                  	 
      
	
                    KEYSTONE
      #1-13 CHEROKEE - 1

                  	 
      	
                    SPELUNKER
      & WALSH

                  	 
      	
                    ENERGY
      ALLIANCE CO INCOR

                  	 
      	
                    BACA

                  	 
      	
                    CO

                  	 
      	
                    6.658260

                  	 
      	
                    5.343940

                  	 
      	
                    1.993

                  	 
      
	
                    COLTHARP
      1-58 (REENTRY) - 1-58

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.461910

                  	 
      	
                    0.332580

                  	 
      	
                    1.920

                  	 
      
	
                    SALLIE
      3-5 - 1-5

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.524900

                  	 
      	
                    0.410730

                  	 
      	
                    1.889

                  	 
      
	
                    STROUD-POLK
      UNIT #1 - 1

                  	 
      	
                    JAYNESVILLE

                  	 
      	
                    MOSBACHER
      ENERGY COMPANY

                  	 
      	
                    COVINGTON

                  	 
      	
                    MS

                  	 
      	
                    0.970370

                  	 
      	
                    0.744090

                  	 
      	
                    1.852

                  	 
      
	
                    BROWN
      205 - 2-5

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    SANGUINE
      GAS EXPLORATION

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.375000

                  	 
      	
                    0.292110

                  	 
      	
                    1.814

                  	 
      
	
                    OBENCHAIN
      F1H - F-1H

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    RANGE
      RESOURCES

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    0.625000

                  	 
      	
                    0.462500

                  	 
      	
                    1.802

                  	 
      
	
                    BREEDLOVE
      B-25

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.229490

                  	 
      	
                    0.195810

                  	 
      	
                    1.718

                  	 
      
	
                    COLTHARP
      2-58 - 2-58

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    SANGUINE
      GAS EXPLORATION

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.524900

                  	 
      	
                    0.377930

                  	 
      	
                    1.717

                  	 
      
	
                    MEADOWS
      4-06 - 6

                  	 
      	
                    BUFFALO
      WALLOW

                  	 
      	
                    ELAND
      ENERGY

                  	 
      	
                    HEMPHILL

                  	 
      	
                    TX

                  	 
      	
                    2.700000

                  	 
      	
                    2.122500

                  	 
      	
                    1.711

                  	 
      
	
                    BREEDLOVE
      B-36

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.234030

                  	 
      	
                    0.199780

                  	 
      	
                    1.703

                  	 
      
	
                    DUNN
      A #2 - 2

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    ENCANA
      OIL & GAS (USA) INC.

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    5.009420

                  	 
      	
                    3.757060

                  	 
      	
                    1.697

                  	 
      
	
                    MURRAY
      A E #2 - 2

                  	 
      	
                    SUPRON

                  	 
      	
                    ROSETTA
      RESOURCES OPERATING LP

                  	 
      	
                    NACOGDOCHES

                  	 
      	
                    TX

                  	 
      	
                    0.520780

                  	 
      	
                    0.359760

                  	 
      	
                    1.629

                  	 
      
	
                    COOKSEY
      #02 - 2-C

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.438990

                  	 
      	
                    1.060170

                  	 
      	
                    1.620

                  	 
      
	
                    GREENE
      8-3

                  	 
      	
                    WALKER-FANGTASTIC

                  	 
      	
                    KEITH
      F WALKER

                  	 
      	
                    MEADE

                  	 
      	
                    KS

                  	 
      	
                    1.562500

                  	 
      	
                    1.175220

                  	 
      	
                    1.565

                  	 
      
	
                    BARBOUR
      12-3 - 12-3

                  	 
      	
                    MINCO
      EAST

                  	 
      	
                    LINN
      OPERATING INC.

                  	 
      	
                    CANADIAN

                  	 
      	
                    OK

                  	 
      	
                    0.067860

                  	 
      	
                    0.055090

                  	 
      	
                    1.528

                  	 
      
	
                    DOBSON
      RANCH SEC 6 #1-6 - 1

                  	 
      	
                    MAVERICK

                  	 
      	
                    CHESAPEAKE
      OPERATING INC.

                  	 
      	
                    ROGER
      MILLS

                  	 
      	
                    OK

                  	 
      	
                    1.890010

                  	 
      	
                    1.535140

                  	 
      	
                    1.488

                  	 
      
	
                    HORTON
      ESTATE 1-1 - 1-1

                  	 
      	
                    SAINT
      PATRICK

                  	 
      	
                    GUNGOLL
      CARL E EXPLORATION LLC

                  	 
      	
                    WILKNSON

                  	 
      	
                    MS

                  	 
      	
                    2.250000

                  	 
      	
                    1.713080

                  	 
      	
                    1.483

                  	 
      
	
                    ZINFANDEL
      1 - 1

                  	 
      	
                    VINTAGE

                  	 
      	
                    TELLUS
      OPERATING GROUP LLC

                  	 
      	
                    JEFFERSON
      DAVIS

                  	 
      	
                    MS

                  	 
      	
                    0.241150

                  	 
      	
                    0.181760

                  	 
      	
                    1.445

                  	 
      
	
                    SHOOK,
      H. L, A4 - MULTI

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.228880

                  	 
      	
                    0.200530

                  	 
      	
                    1.373

                  	 
      
	
                    BLOCKER
      #21-2 - 21-2

                  	 
      	
                    WALKER-FANGTASTIC

                  	 
      	
                    KEITH
      F WALKER

                  	 
      	
                    MEADE

                  	 
      	
                    KS

                  	 
      	
                    1.562500

                  	 
      	
                    1.175220

                  	 
      	
                    1.333

                  	 
      
	
                    DETRIX
      #48-1 - 1048

                  	 
      	
                    HIGGINS
      S

                  	 
      	
                    ARNOLD
      OIL PROPERTIES

                  	 
      	
                    HEMPHILL

                  	 
      	
                    TX

                  	 
      	
                    3.500000

                  	 
      	
                    2.800000

                  	 
      	
                    1.319

                  	 
      
	
                    COOKSEY
      #09-22 - 9-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.526180

                  	 
      	
                    1.135510

                  	 
      	
                    1.283

                  	 
      
	
                    BLACK
      RIVER FED #1 - 1

                  	 
      	
                    WHITE
      CITY

                  	 
      	
                    MURCHISON
      OIL & GAS INCORPORAT

                  	 
      	
                    EDDY

                  	 
      	
                    NM

                  	 
      	
                    4.445540

                  	 
      	
                    3.889840

                  	 
      	
                    1.275

                  	 
      
	
                    WORD
      FAYE #1 - 1046

                  	 
      	
                    HIGGINS
      S

                  	 
      	
                    ARNOLD
      OIL PROPERTIES

                  	 
      	
                    HEMPHILL

                  	 
      	
                    TX

                  	 
      	
                    3.500000

                  	 
      	
                    2.800000

                  	 
      	
                    1.256

                  	 
      
	
                    COOKSEY
      #10-22 - 10-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.526180

                  	 
      	
                    1.135510

                  	 
      	
                    1.252

                  	 
      
	
                    GRAFT
      #1 - 1-9

                  	 
      	
                    ZERBY

                  	 
      	
                    PAYNE
      EXPLORATION COMPANY

                  	 
      	
                    CUSTER

                  	 
      	
                    OK

                  	 
      	
                    2.500000

                  	 
      	
                    1.875000

                  	 
      	
                    1.223

                  	 
      

          

        

      

    

     

    
      
        
        

      

      
        Page 8 of
11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
B

     

    Attached to and part
of that certain Purchase and Sale Agreement by and between Azalea Properties,
Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                    Adjusted Final

                  	 
      
	
                    Case Name

                  	 
      	
                    FIELD

                  	 
      	
                    Operator

                  	 
      	
                    COUNTY

                  	 
      	
                    STATE

                  	 
      	
                    WI %

                  	 
      	
                    RI %

                  	 
      	
                    Value

                  	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                    UNIVERSITY
      18-31 #4 - 4

                  	 
      	
                    QUITO

                  	 
      	
                    ANADARKO
      PETROLEUM CORPORATION

                  	 
      	
                    WARD

                  	 
      	
                    TX

                  	 
      	
                    0.519670

                  	 
      	
                    0.454710

                  	 
      	
                    1.216

                  	 
      
	
                    UNIVERSITY
      18-29 #4 - 4

                  	 
      	
                    QUITO

                  	 
      	
                    ANADARKO
      PETROLEUM CORPORATION

                  	 
      	
                    WARD

                  	 
      	
                    TX

                  	 
      	
                    0.519670

                  	 
      	
                    0.454710

                  	 
      	
                    1.029

                  	 
      
	
                    USA
      #14-5 - 14-15

                  	 
      	
                    PISTOL
      RIDGE DEEP

                  	 
      	
                    GUNGOLL
      CARL E EXPLORATION LLC

                  	 
      	
                    PEARL
      RIVER

                  	 
      	
                    MS

                  	 
      	
                    1.990810

                  	 
      	
                    1.493110

                  	 
      	
                    1.028

                  	 
      
	
                    BREEDLOVE
      B-44 - 44

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.302070

                  	 
      	
                    0.257480

                  	 
      	
                    0.981

                  	 
      
	
                    COOKSEY
      #08-22 - 8-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.520510

                  	 
      	
                    1.131500

                  	 
      	
                    0.980

                  	 
      
	
                    LOUISIANA
      FURS #4

                  	 
      	
                    ESTHER
      SW

                  	 
      	
                    MOSBACHER
      ENERGY COMPANY

                  	 
      	
                    VERMILION

                  	 
      	
                    LA

                  	 
      	
                    3.815440

                  	 
      	
                    2.887550

                  	 
      	
                    0.957

                  	 
      
	
                    DOBSON
      SEC 1 #1-1 - 1

                  	 
      	
                    MAVERICK

                  	 
      	
                    CROWN
      ENERGY COMPANY

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    5.156250

                  	 
      	
                    4.054330

                  	 
      	
                    0.862

                  	 
      
	
                    EBLING
      2-1 - 1-Feb

                  	 
      	
                    MUSTANG
      & YUKON

                  	 
      	
                    PREMIER
      ENERGY LLC

                  	 
      	
                    CANADIAN

                  	 
      	
                    OK

                  	 
      	
                    5.266140

                  	 
      	
                    3.950000

                  	 
      	
                    0.846

                  	 
      
	
                    BASS
      2-59 - 3-59

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.407820

                  	 
      	
                    0.304160

                  	 
      	
                    0.836

                  	 
      
	
                    BEAR
      1-19 - 1-19

                  	 
      	
                    EAKLY-WEATHERFORD
      TREND

                  	 
      	
                    UNIT
      PETROLEUM CORP

                  	 
      	
                    CADDO

                  	 
      	
                    OK

                  	 
      	
                    0.148760

                  	 
      	
                    0.151310

                  	 
      	
                    0.827

                  	 
      
	
                    PATTY
      #1-33 - 1-33

                  	 
      	
                    RANKEN-KIM

                  	 
      	
                    RANKEN
      ENERGY CORPORATION

                  	 
      	
                    MCCLAIN

                  	 
      	
                    OK

                  	 
      	
                    2.525000

                  	 
      	
                    1.969500

                  	 
      	
                    0.822

                  	 
      
	
                    BRADLEY
      A #9 - 9

                  	 
      	
                    BOX
      CHURCH

                  	 
      	
                    XTO
      ENERGY INC

                  	 
      	
                    LIMESTONE

                  	 
      	
                    TX

                  	 
      	
                    1.116290

                  	 
      	
                    0.971380

                  	 
      	
                    0.798

                  	 
      
	
                    WIGGINS
      #2 - 2

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    MILLWOOD
      ALLIANCE OPERATING CO

                  	 
      	
                    TARRANT

                  	 
      	
                    TX

                  	 
      	
                    1.800000

                  	 
      	
                    1.340460

                  	 
      	
                    0.789

                  	 
      
	
                    BASS-CALCOTE
      2-59 - 1-59

                  	 
      	
                    KELTON
      EAST

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    WHEELER

                  	 
      	
                    TX

                  	 
      	
                    0.350020

                  	 
      	
                    0.261910

                  	 
      	
                    0.762

                  	 
      
	
                    BREEDLOVE
      B-28

                  	 
      	
                    BREEDLOVE

                  	 
      	
                    ROFF
      OPERATING COMPANY

                  	 
      	
                    MARTIN

                  	 
      	
                    TX

                  	 
      	
                    0.229490

                  	 
      	
                    0.195810

                  	 
      	
                    0.734

                  	 
      
	
                    WEAVER
      #1-27 - 1-27

                  	 
      	
                    RANKEN-KIM

                  	 
      	
                    RANKEN
      ENERGY CORPORATION

                  	 
      	
                    MCCLAIN

                  	 
      	
                    OK

                  	 
      	
                    2.000000

                  	 
      	
                    1.560000

                  	 
      	
                    0.687

                  	 
      
	
                    OBENCHAIN
      B2 - B2

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    RANGE
      RESOURCES

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    0.625000

                  	 
      	
                    0.462500

                  	 
      	
                    0.683

                  	 
      
	
                    COLE
      TRUST A #4 - 4

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    ENCANA
      OIL & GAS (USA) INC.

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    4.156250

                  	 
      	
                    2.784690

                  	 
      	
                    0.661

                  	 
      
	
                    LEWIS
      2D - 002D

                  	 
      	
                    RUSTON

                  	 
      	
                    DEVON
      ENERGY PRODUCTION CO.

                  	 
      	
                    LINCOLN

                  	 
      	
                    LA

                  	 
      	
                    0.621950

                  	 
      	
                    0.527580

                  	 
      	
                    0.657

                  	 
      
	
                    FENTON
      SEC 33 #1-33 - 1

                  	 
      	
                    MAVERICK

                  	 
      	
                    CHESAPEAKE
      OPERATING INC.

                  	 
      	
                    ROGER
      MILLS

                  	 
      	
                    OK

                  	 
      	
                    0.750000

                  	 
      	
                    0.597520

                  	 
      	
                    0.652

                  	 
      
	
                    COOKSEY
      #06-22 - 6-22

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.527430

                  	 
      	
                    1.136440

                  	 
      	
                    0.647

                  	 
      
	
                    BRADLEY
      A #8 - 8

                  	 
      	
                    BOX
      CHURCH

                  	 
      	
                    XTO
      ENERGY INC

                  	 
      	
                    LIMESTONE

                  	 
      	
                    TX

                  	 
      	
                    1.116290

                  	 
      	
                    0.971380

                  	 
      	
                    0.633

                  	 
      
	
                    HEFLEY
      4-8 - 8

                  	 
      	
                    BUFFALO
      WALLOW

                  	 
      	
                    ELAND
      ENERGY

                  	 
      	
                    HEMPHILL

                  	 
      	
                    TX

                  	 
      	
                    3.000000

                  	 
      	
                    2.325000

                  	 
      	
                    0.610

                  	 
      
	
                    LOUISIANA
      FURS #3 - 003AL

                  	 
      	
                    ESTHER
      SW

                  	 
      	
                    MOSBACHER
      ENERGY COMPANY

                  	 
      	
                    VERMILION

                  	 
      	
                    LA

                  	 
      	
                    3.815440

                  	 
      	
                    2.887550

                  	 
      	
                    0.604

                  	 
      
	
                    HASKELL
      #1-4 - 1-4

                  	 
      	
                    RIVER

                  	 
      	
                    UNITED
      PRODUCTION CO

                  	 
      	
                    WOODWARD

                  	 
      	
                    OK

                  	 
      	
                    2.812500

                  	 
      	
                    2.109380

                  	 
      	
                    0.587

                  	 
      
	
                    MCDANIEL,
      LOIS #1 - 1

                  	 
      	
                    QUITO

                  	 
      	
                    ANADARKO
      PETROLEUM CORPORATION

                  	 
      	
                    WARD

                  	 
      	
                    TX

                  	 
      	
                    0.519670

                  	 
      	
                    0.454710

                  	 
      	
                    0.579

                  	 
      
	
                    BRADLEY
      A #3 - 3

                  	 
      	
                    BOX
      CHURCH

                  	 
      	
                    XTO
      ENERGY INC

                  	 
      	
                    LIMESTONE

                  	 
      	
                    TX

                  	 
      	
                    1.116290

                  	 
      	
                    0.971380

                  	 
      	
                    0.521

                  	 
      
	
                    HENDERSON
      #3 - 3

                  	 
      	
                    SPEAKS
      SW

                  	 
      	
                    VENOCO
      INC.

                  	 
      	
                    LAVACA

                  	 
      	
                    TX

                  	 
      	
                    0.000001

                  	 
      	
                    0.022540

                  	 
      	
                    0.511

                  	 
      
	
                    COOKSEY
      #11-15 - 11-15

                  	 
      	
                    CHISMVILLE

                  	 
      	
                    FOREST
      OIL CORPORATION

                  	 
      	
                    LOGAN

                  	 
      	
                    AR

                  	 
      	
                    1.526180

                  	 
      	
                    1.135510

                  	 
      	
                    0.470

                  	 
      
	
                    BLACKSTONE
      MINERALS #1-31 - 1

                  	 
      	
                    POPLARVILLE

                  	 
      	
                    GUNGOLL
      CARL E EXPLORATION LLC

                  	 
      	
                    PEARL
      RIVER

                  	 
      	
                    MS

                  	 
      	
                    5.000000

                  	 
      	
                    3.500000

                  	 
      	
                    0.404

                  	 
      
	
                    BOSWELL
      #1-11 - 1-11

                  	 
      	
                    ROLL
      SW

                  	 
      	
                    SOUTHERN
      BAY OPERATING, LLC

                  	 
      	
                    ROGER
      MILLS

                  	 
      	
                    OK

                  	 
      	
                    2.409490

                  	 
      	
                    1.824450

                  	 
      	
                    0.349

                  	 
      
	
                    ROSA
      1-6 - 1-6

                  	 
      	
                    MUSTANG
      & YUKON

                  	 
      	
                    PREMIER
      ENERGY LLC

                  	 
      	
                    CANADIAN

                  	 
      	
                    OK

                  	 
      	
                    5.147060

                  	 
      	
                    3.860290

                  	 
      	
                    0.342

                  	 
      
	
                    DOKE
      2-8 - 2

                  	 
      	
                    SPELUNKER
      & WALSH

                  	 
      	
                    ENERGY
      ALLIANCE CO INCOR

                  	 
      	
                    BACA

                  	 
      	
                    CO

                  	 
      	
                    3.827250

                  	 
      	
                    3.061780

                  	 
      	
                    0.340

                  	 
      
	
                    NORTH
      WHITE #1

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    HARDING
      COMPANY

                  	 
      	
                    PARKER

                  	 
      	
                    TX

                  	 
      	
                    0.600000

                  	 
      	
                    0.450000

                  	 
      	
                    0.167

                  	 
      
	
                    HENDERSON
      #2 - 2

                  	 
      	
                    SPEAKS
      SW

                  	 
      	
                    VENOCO
      INC.

                  	 
      	
                    LAVACA

                  	 
      	
                    TX

                  	 
      	
                    0.000001

                  	 
      	
                    0.022540

                  	 
      	
                    0.159

                  	 
      
	
                    EL
      CHICO #1 H - 1H

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    CARRIZO
      OIL & GAS, INC

                  	 
      	
                    PARKER

                  	 
      	
                    TX

                  	 
      	
                    0.400000

                  	 
      	
                    0.300000

                  	 
      	
                    0.158

                  	 
      
	
                    OBENCHAIN
      B1 - B1

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    RANGE
      RESOURCES

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    0.625000

                  	 
      	
                    0.462500

                  	 
      	
                    0.151

                  	 
      
	
                    MOORE,
      KATHLEEN J. B1 - 1

                  	 
      	
                    ROJO
      CABALLOS

                  	 
      	
                    APACHE
      CORP

                  	 
      	
                    PECOS

                  	 
      	
                    TX

                  	 
      	
                    0.361880

                  	 
      	
                    0.300910

                  	 
      	
                    0.148

                  	 
      
	
                    PYOTE
      GAS UNIT #5 - 1A

                  	 
      	
                    BLOCK
      16 (DEVONIAN)

                  	 
      	
                    MOSBACHER
      ENERGY COMPANY

                  	 
      	
                    WARD

                  	 
      	
                    TX

                  	 
      	
                    0.648380

                  	 
      	
                    0.516300

                  	 
      	
                    0.104

                  	 
      
	
                    PETREE
      ESTATE #1-12 - 1-12

                  	 
      	
                    EL
      RENO

                  	 
      	
                    UNITED
      PRODUCTION CO

                  	 
      	
                    CANADIAN

                  	 
      	
                    OK

                  	 
      	
                    1.562500

                  	 
      	
                    1.171880

                  	 
      	
                    0.084

                  	 
      
	
                    WRIGHT
      STAR UNIT 1 #1 - 1

                  	 
      	
                    NEWARK
      EAST

                  	 
      	
                    EXTERRA
      ENERGY INC

                  	 
      	
                    DENTON

                  	 
      	
                    TX

                  	 
      	
                    0.300000

                  	 
      	
                    0.222000

                  	 
      	
                    0.071

                  	 
      

          

        

      

    

     

    
      
        
        

      

      
        Page 9 of
11

        
          

        

      

      
        
        

      

    

     

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                
                  
                    
                      
                        	 
    	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                                Adjusted Final

                              	 
	
                                Case
      Name

                              	 
      	
                                FIELD

                              	 
      	
                                Operator

                              	 
      	
                                COUNTY

                              	 
      	
                                STATE

                              	 
      	
                                WI %

                              	 
      	
                                RI %

                              	 
      	
                                Value

                              	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                                BREEDLOVE
      B-31

                              	 
      	
                                BREEDLOVE

                              	 
      	
                                ROFF
      OPERATING COMPANY

                              	 
      	
                                MARTIN

                              	 
      	
                                TX

                              	 
      	
                                0.145230

                              	 
      	
                                0.132610

                              	 
      	
                                0.054

                              	 
	
                                McCRARY
      #1-32 - 1-32

                              	 
      	
                                MOUDRY

                              	 
      	
                                QUESTAR
      EXPL & PROD CO

                              	 
      	
                                BLAINE

                              	 
      	
                                OK

                              	 
      	
                                0.572000

                              	 
      	
                                0.395520

                              	 
      	
                                0.043

                              	 
	
                                BRYAN
      #1-19 - 1-19

                              	 
      	
                                DEMPSEY

                              	 
      	
                                SOUTHERN
      BAY OPERATING, LLC

                              	 
      	
                                ROGER
      MILLS

                              	 
      	
                                OK

                              	 
      	
                                1.500000

                              	 
      	
                                1.125000

                              	 
      	
                                0.033

                              	 
	
                                AUSTIN
      1-6 - 1-6

                              	 
      	
                                KELTON
      EAST

                              	 
      	
                                APACHE
      CORP

                              	 
      	
                                WHEELER

                              	 
      	
                                TX

                              	 
      	
                                0.524900

                              	 
      	
                                0.406770

                              	 
      	
                                0.027

                              	 
	
                                TURLEY
      #1-09 - 1-9

                              	 
      	
                                ROLL
      SW

                              	 
      	
                                SOUTHERN
      BAY OPERATING, LLC

                              	 
      	
                                ROGER
      MILLS

                              	 
      	
                                OK

                              	 
      	
                                1.571170

                              	 
      	
                                1.178380

                              	 
      	
                                0.022

                              	 
	
                                FILLINGIM
      88-07 - 7

                              	 
      	
                                BUFFALO
      WALLOW

                              	 
      	
                                LINN
      OPERATING INC.

                              	 
      	
                                HEMPHILL

                              	 
      	
                                TX

                              	 
      	
                                1.029530

                              	 
      	
                                0.813990

                              	 
      	
                                0.016

                              	 
	
                                MONROE
      #2 - 2

                              	 
      	
                                QUITO

                              	 
      	
                                GRIFFIN
      PETROLEUM COMPANY

                              	 
      	
                                WARD

                              	 
      	
                                TX

                              	 
      	
                                0.000001

                              	 
      	
                                0.013670

                              	 
      	
                                0.007

                              	 
	
                                EASTMAN
      #1 - 1

                              	 
      	
                                NEWARK
      EAST

                              	 
      	
                                HARDING
      COMPANY

                              	 
      	
                                PARKER

                              	 
      	
                                TX

                              	 
      	
                                0.400000

                              	 
      	
                                0.300000

                              	 
      	
                                0.002

                              	 
	
                                GRAYSON
      #1-13 - 1-13

                              	 
      	
                                EL
      RENO

                              	 
      	
                                UNITED
      PRODUCTION CO

                              	 
      	
                                CANADIAN

                              	 
      	
                                OK

                              	 
      	
                                1.596490

                              	 
      	
                                1.277190

                              	 
      	
                                0.001

                              	 
	
                                POKEY
      #14-2 - 14-2

                              	 
      	
                                WALKER-POKEY

                              	 
      	
                                KEITH
      F WALKER

                              	 
      	
                                BEAVER

                              	 
      	
                                OK

                              	 
      	
                                1.562500

                              	 
      	
                                1.169800

                              	 
      	
                                0.000

                              	 
	
                                EARL
      #1-21 - 1-21

                              	 
      	
                                RIVER

                              	 
      	
                                PREMIER
      ENERGY LLC

                              	 
      	
                                DEWEY

                              	 
      	
                                OK

                              	 
      	
                                4.571430

                              	 
      	
                                3.428570

                              	 
      	
                                0.000

                              	 
	
                                DAVIS
      9-4 #1-21H

                              	 
      	
                                SNEAKY
      PETE

                              	 
      	
                                TRANSPRO
      ENERGY LLC

                              	 
      	
                                POTTOWATOMIE

                              	 
      	
                                OK

                              	 
      	
                                2.625000

                              	 
      	
                                2.100000

                              	 
      	
                                0.000

                              	 
	
                                DAVIS
      3-21H/15

                              	 
      	
                                SNEAKY
      PETE

                              	 
      	
                                TRANSPRO
      ENERGY LLC

                              	 
      	
                                POTTOWATOMIE

                              	 
      	
                                OK

                              	 
      	
                                2.625000

                              	 
      	
                                2.100000

                              	 
      	
                                0.000

                              	 
	
                                HILL
      #1-29 - 1-29

                              	 
      	
                                WILSON

                              	 
      	
                                SOUTHERN
      BAY OPERATING, LLC

                              	 
      	
                                BECKHAM

                              	 
      	
                                OK

                              	 
      	
                                0.705790

                              	 
      	
                                0.530900

                              	 
      	
                                0.000

                              	 
	
                                HAJEK
      #1-17 - 1-17

                              	 
      	
                                WATONGA
      WEST

                              	 
      	
                                CONTINENTAL
      RESOURCES INC

                              	 
      	
                                BLAINE

                              	 
      	
                                OK

                              	 
      	
                                1.250000

                              	 
      	
                                1.000000

                              	 
      	
                                0.000

                              	 
	
                                SIDES
      #3-9 - 3-9

                              	 
      	
                                REYDON

                              	 
      	
                                B&W
      OPERATING LLC

                              	 
      	
                                ROGER
      MILLS

                              	 
      	
                                OK

                              	 
      	
                                2.250000

                              	 
      	
                                1.687500

                              	 
      	
                                0.000

                              	 
	
                                LEON
      #1-10 - 1-10

                              	 
      	
                                ROLL
      SW

                              	 
      	
                                SOUTHERN
      BAY OPERATING, LLC

                              	 
      	
                                ROGER
      MILLS

                              	 
      	
                                OK

                              	 
      	
                                1.480400

                              	 
      	
                                1.115020

                              	 
      	
                                0.000

                              	 
	
                                INDEPENDENCE
      28-1

                              	 
      	
                                MUSTANG
      & YUKON

                              	 
      	
                                PREMIER
      ENERGY LLC

                              	 
      	
                                CANADIAN

                              	 
      	
                                OK

                              	 
      	
                                1.333200

                              	 
      	
                                1.103210

                              	 
      	
                                0.000

                              	 
	
                                HUNT
      #1-27 - 1-27

                              	 
      	
                                RANKEN-KIM

                              	 
      	
                                RANKEN
      ENERGY CORPORATION

                              	 
      	
                                MCCLAIN

                              	 
      	
                                OK

                              	 
      	
                                2.000000

                              	 
      	
                                1.560000

                              	 
      	
                                0.000

                              	 
	
                                MILDRED
      #1-1 - 1-1

                              	 
      	
                                MUSTANG &
      YUKON

                              	 
      	
                                PREMIER
      ENERGY LLC

                              	 
      	
                                CANADIAN

                              	 
      	
                                OK

                              	 
      	
                                4.735290

                              	 
      	
                                3.551470

                              	 
      	
                                0.000

                              	 
	
                                YULONDA
      29 #2 - 29-2

                              	 
      	
                                WALKER-CLEVELAND

                              	 
      	
                                KEITH
      F WALKER

                              	 
      	
                                ELLIS

                              	 
      	
                                OK

                              	 
      	
                                1.234380

                              	 
      	
                                0.896140

                              	 
      	
                                0.000

                              	 
	
                                ARMSTRONG
      #08 - 8020

                              	 
      	
                                ZEPHYR-STILES
      RANCH

                              	 
      	
                                ZEPHYR
      OPERATING LLC

                              	 
      	
                                WHEELER

                              	 
      	
                                TX

                              	 
      	
                                2.474240

                              	 
      	
                                1.837910

                              	 
      	
                                0.000

                              	 
	
                                WEIDEMANN
      1-11

                              	 
      	
                                MUSTANG &
      YUKON

                              	 
      	
                                GDA
      INVESTMENTS INCORPORATED

                              	 
      	
                                CANADIAN

                              	 
      	
                                OK

                              	 
      	
                                1.083330

                              	 
      	
                                0.866670

                              	 
      	
                                0.000

                              	 
	
                                BIG
      CHIEF #6 - 6

                              	 
      	
                                BIG
      CHIEF

                              	 
      	
                                DINERO
      OPERATING CO

                              	 
      	
                                EDDY

                              	 
      	
                                NM

                              	 
      	
                                1.050000

                              	 
      	
                                0.831150

                              	 
      	
                                0.000

                              	 
	
                                KORCZAK
      #1 - 1

                              	 
      	
                                LUSK

                              	 
      	
                                NADEL
      & GUSSMAN PERMIAN LLC

                              	 
      	
                                LEA

                              	 
      	
                                NM

                              	 
      	
                                3.216520

                              	 
      	
                                2.626770

                              	 
      	
                                0.000

                              	 
	
                                HOFFMAN
      1-27

                              	 
      	
                                DILL
      CITY

                              	 
      	
                                MARATHON
      OIL COMPANY

                              	 
      	
                                WASHITA

                              	 
      	
                                OK

                              	 
      	
                                0.472660

                              	 
      	
                                0.354490

                              	 
      	
                                0.000

                              	 
	
                                FILLINGIM
      88-10 - 10

                              	 
      	
                                BUFFALO
      WALLOW

                              	 
      	
                                LINN
      OPERATING INC.

                              	 
      	
                                HEMPHILL

                              	 
      	
                                TX

                              	 
      	
                                0.963410

                              	 
      	
                                0.761090

                              	 
      	
                                0.000

                              	 
	
                                CAMPBELL
      #1 - 1

                              	 
      	
                                NEWARK
      EAST

                              	 
      	
                                HARDING
      COMPANY

                              	 
      	
                                PARKER

                              	 
      	
                                TX

                              	 
      	
                                1.250000

                              	 
      	
                                0.937500

                              	 
      	
                                0.000

                              	 
	
                                MEADOWS
      4-03 - 3

                              	 
      	
                                BUFFALO
      WALLOW

                              	 
      	
                                ELAND
      ENERGY

                              	 
      	
                                HEMPHILL

                              	 
      	
                                TX

                              	 
      	
                                1.500000

                              	 
      	
                                1.162500

                              	 
      	
                                0.000

                              	 
	
                                BETTY
      LOU#1-21 - 1-21

                              	 
      	
                                STERLING

                              	 
      	
                                SOUTHERN
      BAY OPERATING, LLC

                              	 
      	
                                COMANCHE

                              	 
      	
                                OK

                              	 
      	
                                2.500000

                              	 
      	
                                1.900000

                              	 
      	
                                0.000

                              	 
	
                                LILLIE
      #1-33 - 1-33

                              	 
      	
                                WATONGA
      WEST

                              	 
      	
                                ZEPHYR
      OPERATING LLC

                              	 
      	
                                BLAINE

                              	 
      	
                                OK

                              	 
      	
                                1.920000

                              	 
      	
                                1.536000

                              	 
      	
                                0.000

                              	 
	
                                HATCHER
      #1-35 - 1-35

                              	 
      	
                                ZEPHYR-PRUE
      SPRINGER

                              	 
      	
                                ZEPHYR
      OPERATING LLC

                              	 
      	
                                CANADIAN

                              	 
      	
                                OK

                              	 
      	
                                3.125000

                              	 
      	
                                2.500000

                              	 
      	
                                0.000

                              	 
	
                                ROSE
      #1-33 - 1-33

                              	 
      	
                                BERWYN
      SYNCLINE

                              	 
      	
                                L E
      JONES OPERATING INC

                              	 
      	
                                CARTER

                              	 
      	
                                OK

                              	 
      	
                                2.536980

                              	 
      	
                                2.041070

                              	 
      	
                                0.000

                              	 
	
                                WALKER,
      P. ET AL - 6

                              	 
      	
                                QUITO

                              	 
      	
                                ANADARKO
      PETROLEUM CORPORATION

                              	 
      	
                                WARD

                              	 
      	
                                TX

                              	 
      	
                                0.519670

                              	 
      	
                                0.454710

                              	 
      	
                                0.000

                              	 
	
                                NECTAR
      1-52 - 1

                              	 
      	
                                KELTON
      EAST

                              	 
      	
                                BP
      AMERICA PRODUCTION CO

                              	 
      	
                                WHEELER

                              	 
      	
                                TX

                              	 
      	
                                0.000001

                              	 
      	
                                0.005250

                              	 
      	
                                0.000

                              	 
	
                                MCKNIGHT,
      MB B-2 - MULTI

                              	 
      	
                                SAND
      HILLS

                              	 
      	
                                BURNETT
      OIL CO INC

                              	 
      	
                                CRANE

                              	 
      	
                                TX

                              	 
      	
                                2.309010

                              	 
      	
                                1.731770

                              	 
      	
                                0.000

                              	 
	
                                FARRIS
      J7 #1-22 - 1-22

                              	 
      	
                                DILL
      CITY

                              	 
      	
                                JMA
      ENERGY COMPANY LLC

                              	 
      	
                                WASHITA

                              	 
      	
                                OK

                              	 
      	
                                3.125000

                              	 
      	
                                2.476560

                              	 
      	
                                0.000

                              	 
	
                                FILLINGIM
      88-05 - 5

                              	 
      	
                                BUFFALO
      WALLOW

                              	 
      	
                                LINN
      OPERATING INC.

                              	 
      	
                                HEMPHILL

                              	 
      	
                                TX

                              	 
      	
                                1.029530

                              	 
      	
                                0.813990

                              	 
      	
                                0.000

                              	 
	
                                CURTISS,
      JEFF #1 - 1

                              	 
      	
                                RAMIRENA

                              	 
      	
                                MOSBACHER
      ENERGY COMPANY

                              	 
      	
                                LIVE
      OAK

                              	 
      	
                                TX

                              	 
      	
                                3.694450

                              	 
      	
                                2.955560

                              	 
      	
                                0.000

                              	 
	
                                FERRELL
      A-11 - 11

                              	 
      	
                                RAMIRENA

                              	 
      	
                                MOSBACHER
      ENERGY COMPANY

                              	 
      	
                                LIVE
      OAK

                              	 
      	
                                TX

                              	 
      	
                                3.694450

                              	 
      	
                                2.828560

                              	 
      	
                                0.000

                              	 
	
                                YATES
      20-10 #1 - 1

                              	
                                  

                              	
                                JAYNESVILLE

                              	
                                  

                              	
                                PALMER
      PETROLEUM INC.

                              	
                                  

                              	
                                COVINGTON

                              	
                                  

                              	
                                MS

                              	
                                  

                              	
                                0.109810

                              	
                                  

                              	
                                0.092540

                              	
                                  

                              	
                                0.000

                              	 

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
        

      

      
        Page 10
of 11

        
          

        

      

      
        
        

      

    

    EXHIBIT
B

    

    Attached
to and part of that certain Purchase and Sale Agreement by and between Azalea
Properties, Ltd., Seller, and RCWI, L.P., Buyer, dated December 18,
2009.

    

    
      
        
          
            
              
                	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	
                        Adjusted Final

                      	 
      
	
                        Case
      Name

                      	 
      	
                        FIELD

                      	 
      	
                        Operator

                      	 
      	
                        COUNTY

                      	 
      	
                        STATE

                      	 
      	
                        WI %

                      	 
      	
                        RI %

                      	 
      	
                        Value

                      	 
      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                        RABB
      JA #2 - 002AL

                      	 
      	
                        CHOUDRANT
      SOUTH

                      	 
      	
                        PALMER
      PETROLEUM INC.

                      	 
      	
                        LINCOLN

                      	 
      	
                        LA

                      	 
      	
                        0.640000

                      	 
      	
                        0.483200

                      	 
      	
                        0.000

                      	 
      
	
                        WRIGHT
      33-3

                      	 
      	
                        MUSTANG
      & YUKON

                      	 
      	
                        PREMIER
      ENERGY LLC

                      	 
      	
                        CANADIAN

                      	 
      	
                        OK

                      	 
      	
                        1.992990

                      	 
      	
                        1.497700

                      	 
      	
                        0.000

                      	 
      
	
                        OBENCHAIN
      A2 - A2

                      	 
      	
                        NEWARK
      EAST

                      	 
      	
                        RANGE
      RESOURCES

                      	 
      	
                        DENTON

                      	 
      	
                        TX

                      	 
      	
                        0.625000

                      	 
      	
                        0.462500

                      	 
      	
                        0.000

                      	 
      
	
                        OBENCHAIN
      E1 - E1

                      	 
      	
                        NEWARK
      EAST

                      	 
      	
                        RANGE
      RESOURCES

                      	 
      	
                        DENTON

                      	 
      	
                        TX

                      	 
      	
                        0.625000

                      	 
      	
                        0.462500

                      	 
      	
                        0.000

                      	 
      
	
                        BREEDLOVE
      LOC B-47

                      	 
      	
                        BREEDLOVE

                      	 
      	
                        ROFF
      OPERATING COMPANY

                      	 
      	
                        MARTIN

                      	 
      	
                        TX

                      	 
      	
                        0.229490

                      	 
      	
                        0.195810

                      	 
      	
                        0.000

                      	 
      
	
                        MAGPIE
      #1-4 - 1-4

                      	 
      	
                        REYDON

                      	 
      	
                        SOUTHERN
      BAY OPERATING, LLC

                      	 
      	
                        ROGER
      MILLS

                      	 
      	
                        OK

                      	 
      	
                        1.464840

                      	 
      	
                        1.112650

                      	 
      	
                        0.000

                      	 
      
	
                        HANNEMAN
      #1-36 - 1-36

                      	 
      	
                        EL
      RENO

                      	 
      	
                        UNITED
      PRODUCTION CO

                      	 
      	
                        CANADIAN

                      	 
      	
                        OK

                      	 
      	
                        0.875000

                      	 
      	
                        0.652930

                      	 
      	
                        0.000

                      	 
      
	
                        MADBULL
      #1-35 - 1-35

                      	 
      	
                        EL
      RENO

                      	 
      	
                        UNITED
      PRODUCTION CO

                      	 
      	
                        CANADIAN

                      	 
      	
                        OK

                      	 
      	
                        0.625000

                      	 
      	
                        0.467500

                      	 
      	
                        0.000

                      	 
      
	
                        BOUTTE,
      CHARLIE #2 & YOUNG E #1 - 2

                      	 
      	
                        BEACONS
      GULLY

                      	 
      	
                        WAGNER
      OIL COMPANY

                      	 
      	
                        EVANGELINE

                      	 
      	
                        LA

                      	 
      	
                        1.472650

                      	 
      	
                        1.095760

                      	 
      	
                        0.000

                      	 
      
	
                        SEMITROPIC
      #1 PUD - 1-1

                      	 
      	
                        SEMITROPIC

                      	 
      	
                        PREMIER
      ENERGY LLC

                      	 
      	
                        MONTREY

                      	 
      	
                        CA

                      	 
      	
                        3.529410

                      	 
      	
                        2.647060

                      	 
      	
                        0.000

                      	 
      
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
      	
                          

                      	 
      	
                          

                      	 
      	
                          

                      	 
      	
                          

                      	 
      	
                          

                      	 
      	 
      	
                        Total Bid

                      	 
      	
                        22000.000

                      	 
      

              

            

          

        

      

    

     

    
      
         

      

      
        Page 11
of 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00167-of-00352.parquet"}]]