Document:

Unassociated Document

    ASSIGNMENT
AND BILL OF SALE

     

    
      
        	
                COMMONWEALTH
      OF KENTUCKY

              	
                §

              
	 
      	
                §

              
	
                COUNTY
      OF FAYETTE

              	
                §

              

      

    

     

    THIS
ASSIGNMENT AND BILL OF SALE (“Assignment”)
dated the 29th day of
September, 2009, but effective as of the 1st day of July, 2009, at 12:01 A.M.
EST (“Effective
Time”), is from CLASSIC
OIL & GAS RESOURCES, INC., a Kentucky corporation, with its principal
office located at 416 W. Brannon Road, Nicholasville, KY 40356 ("Assignor")
to VELOCITY
ENERGY PARTNERS LP, a Delaware limited partnership, with its principal
office located at 523 N. Sam Houston Parkway East, Suite 175, Houston,
TX  77060 (hereinafter referred to as “Assignee”).

     

    IN
CONSIDERATION OF the sum of one hundred dollars and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Assignor hereby GRANTS,
CONVEYS, SELLS and
ASSIGNS to Assignee all of its right, title and interest, except as
expressly excluded herein, in and to the following assets (individually or
collectively,
"Classic
Assets"):

     

    
      
        	 	
                 

              	
                
                  A.    
        (1)     50%
      WORKING INTERESTS: Fifty
      Percent (50%) of Classic’s working interests in the active, open, shut-in,
      or temporarily abandoned (but not plugged and abandoned) proved,
      developed, producing (“PDP”)
      oil or gas wells and proved, developed, non-producing and behind pipe
      wells (“PDNP
      & BP”), which Fifty Percent (50%) interests are set forth and
      identified on the schedules attached hereto as Exhibits
      A-1 and
      A-2, respectively,
      and made a part hereof, except for wells in which Summit Highwall Mining
      Services, Inc. (“Summit”)
      has contracted with Classic to purchase certain additional interests
      proportionate to its respective working interest percentages, which wells
      are identified on the schedule attached hereto as Exhibit
      A-3 and made a part hereof (“Summit
      Wells”) in which Velocity will acquire 50% of Classic’s working
      interest remaining after any such acquisition by Summit
      (individually or collectively, such working interests identified on
      Exhibits
      A-1,
      A-2,
      and A-3
      constitute the
      “50% Working Interests”);
  and

                

              

      

    

     

    
      
        	 	
                 

              	
                
                          
        (2)    
      100% WORKING
      INTERESTS:
       One
      Hundred Percent (100%) of Classic’s working interests in the active, open,
      shut-in, or temporarily abandoned (but not plugged and abandoned) proved,
      developed, producing (“PDP”) oil or gas wells and proved, developed,
      non-producing and behind pipe wells (“PDNP & BP”) identified on the
      schedules attached hereto as Exhibit
      A-4 and
      A-5, (individually or collectively, such working interests
      constitute the
      “100% Working Interests” and the
      100% Working Interests and the
      50% Working Interests, individually or collectively, constitute
      the
      “Acquired Working
  Interests”);

                

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
               

            	
              
                B.      
      OTHER CONTRACTUAL OR PROPERTY
      RIGHTS AND OBLIGATONS:   In granting to Velocity the
      Acquired Working Interests, the parties understand that there shall also
      be conveyed to Velocity at Closing, and Velocity shall assume, such
      contractual and property rights and obligations  as are
      derivative from post-Effective Date ownership of the Acquired Working
      Interests, to the extent Classic would have received or assumed such
      contractual and property rights and obligations had it retained, and not
      conveyed, such Acquired Working Interests (exclusive of, but not limited
      to (i) any contractual or property rights and obligations as operator of
      the Wells relating to the 50% Working Interests, to the extent such may be
      deemed derivative from such 50% Working Interests (under which Classic
      shall continue as the sole operator), (ii) contractual or property rights
      and obligations as operator of the Wells relating to the 100% Working
      Interests, to the extent such may also be deemed derivative from such 100%
      Working Interests (under which Classic shall not continue as the operator
      but cannot convey the such contractual or property rights and
      obligations); (iii) any other contractual or property rights and
      obligations derived from being the operator of any Wells relating to the
      Acquired Working Interests, to the extent such may also be deemed
      derivative from such Acquired Working Interests and (iv) any contractual
      or property rights and obligations to the extent such was earned by,
      accrued to the benefit of or was transferred to Classic prior to the
      Effective Date), as well as such contractual or property rights and
      obligations more fully described in Paragraph 7 of the LOI described in
      Paragraph 5 below (individually or collectively, the “Other
      Contractual or Property Rights and Obligations”);
      and

              

            

    

     

    
      	
               

            	
              
                C.       DOCUMENTATION
      AND DATA:  All originals (with respect to 100% Working
      Interests) or copies (with respect to 50% Working Interests) of its
      contracts, licenses, permits, seismic and other technical data, maps,
      logs, well files, books and records, and other information and materials
      relating to such Acquired Working Interests (collectively,
      the “Documentation
      and Data”).

              

            

    

     

    
      	
               
      

            	
              Individually
      or collectively, the 50%
      Working Interests, the
      100% Working Interests, the
      Other Contractual or Property Rights and Obligations and the
      Documentation and Data constitute the “Classic
      Assets”, all of which shall conveyed at the Closing (the "Transaction")
      free and clear of all liens and encumbrances, except for usual and
      customary liens and encumbrances deemed to be Permitted Encumbrances, and
      any preferential rights of purchase by third parties.  Except as
      may be otherwise expressly provided for in this letter, Classic retains
      all rights to any other assets or property of Classic, including, but not
      limited to, interests in other wells, other leasehold interests, royalty
      interests, easements, wellhead facilities and other oilfield equipment,
      gathering and transportation facilities and equipment, vehicles and other
      property whether real, personal or
mixed.

            

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    TO
HAVE AND TO HOLD the Classic Assets, subject to the following terms and
conditions:

     

    1.        Special
Warranty Of Title.  Assignor warrants and shall defend title to
the Classic Assets conveyed to Assignee against every person whomsoever lawfully
claiming the Classic Assets or any part thereof by, through and under Assignor,
but not otherwise.

     

    2.        Agreements.  This
Assignment is made subject to and shall be burdened by the terms, covenants and
conditions contained in any contracts, agreements and instruments affecting the
Classic Assets; and at and after the Effective Time, Assignee shall be bound by
and shall perform all of the terms, covenants and conditions contained
therein.

     

    3.        Compliance
With Laws.  This Assignment is made subject to all applicable
laws, statutes, ordinances, permits, decrees, orders, judgments, rules and
regulations which are promulgated, issued or enacted by a governmental entity
having appropriate jurisdiction, and Assignee shall comply with the same at and
after the Effective Time.

     

    4.        Successors
and Assigns.  The
terms, covenants and conditions contained in this Assignment shall be binding
upon and inure to the benefit of the Parties hereto and their respective
successors and assigns, and such terms, covenants and conditions shall be
covenants running with the land and with each subsequent transfer or assignment
of the Classic Assets, or any part thereof.

     

    5.        Letter
of Intent.  This
Assignment is made in accordance with and is subject to the terms, covenants and
conditions contained in that certain definitive, legally
binding  Letter of Intent dated effective as of July 1, 2009, by and
between Classic Oil & Gas Resources, Inc. and Velocity Energy Partners LP,
as Buyer (“LOI”), and the terms, covenants and conditions contained in the LOI,
including capitalized terms not expressly defined herein, are incorporated
herein by reference as though said terms, covenants and conditions were fully
set forth verbatim herein.  If there is a conflict between the
provisions of the LOI and this Assignment, the provisions of the LOI shall
control the rights and obligations of the Parties.

     

    7.        Governing
Law.   The
laws of the State of West Virginia, excluding its conflicts of law principles,
shall govern this Assignment and Bill of Sale.

     

    EXECUTED
on the day and year first referenced above, but effective as of the Effective
Time.

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    ASSIGNOR:

     

    CLASSIC
OIL & GAS RESOURCES, INC.

     

    
      
        	
                By:

              	
                /s/
      William W. Kelly, Jr.

              
	
                Name:

              	
                William
      W. Kelly, Jr.

              
	
                Title:

              	
                President

              

      

    

     

    ASSIGNEE:

     

    VELOCITY
ENERGY PARTNERS LP,

    By
Velocity Energy Limited LLC,

    It’s
General Partner

     

    
      
        	
                By:

              	
                /s/
      D. E. Vandenberg

              
	
                Name:

              	
                D.
      E. Vandenberg

              
	
                Title:

              	
                President

              

      

    

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    ACKNOWLEDGEMENTS

     

    
      
        	
                COMMONWEALTH OF
      KENTUCKY

              	
                §

              
	
                 

              	
                §

              
	
                COUNTY OF
      FAYETTE

              	
                §

              

      

    

     

    The
foregoing instrument was acknowledged before me this the 2nd day of October,
2009, by William W. Kelly, Jr., as President of Classic Oil & Gas Resources,
Inc., a Kentucky corporation, on behalf of said corporation.

     

    
      
        
          
            
              	
                      My
      commission expires:

                    	
                       

                    
	 
      	
                      Signature

                    
	 
      	 
      
	 
      	
                       

                    
	 
      	
                      Name
      (Printed, Typed of Stamped)

                    
	 	 
	 
      	
                      Notary
      Public - Commonwealth of
Kentuc

                    

            

          

        

      

    

     

    
      	
              COMMONWEALTH
      OF KENTUCKY

            	
              §

            
	 
      	
              §

            
	
              COUNTY
      OF FAYETTE

            	
              §

            

    

     

    The foregoing instrument
was acknowledged before me this _____ day of September, 2009, by D. E.
Vandenberg, as President of Velocity Energy Limited LLC, a Texas limited
liability company, as General Partner of Velocity Energy Partners LP, a Delaware
limited partnership on behalf of said entity.

     

    
      
        
          
            
              	
                      My
      commission expires:

                    	
                       

                    
	 
      	
                      Signature

                    
	 
      	 
      
	 
      	
                       

                    
	 
      	
                      Name
      (Printed, Typed of Stamped)

                    
	 	 
	 
      	
                      Notary
      Public - Commonwealth of
Kentucky

                    

            

          

        

      

    

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

    
      
         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                	 
      	 
      	
                                           EXHIBIT
      A-1  PDP WELLS

                                      	 
      	 
      	 
      
	 
      	 
      	
                                         CLASSIC
      OIL & GAS

                                      	
                                        50%

                                      	 
      	 
      	 
      
	 
      	 
      	
                                           RESOURCES,
      INC.

                                      	
                                        WELLS

                                      	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                           CLASSIC
      INTERESTS

                                      	
                                        BPO

                                      	
                                        BPO

                                      	
                                        APO

                                      	
                                        APO

                                      
	
                                        WELL

                                      	
                                        PROSPECT

                                      	
                                        COUNTY

                                      	
                                        STATUS

                                      	
                                        WI

                                      	
                                        NRI

                                      	
                                        WI

                                      	
                                        NRI

                                      
	 
      	 
      	 
      	 
      	 
      	 
      	 
      	 
      
	
                                         AUREDNICK
      #1 PDP

                                      	
                                        CLEAR
      FORK

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        2.500

                                      	
                                        2.450

                                      	
                                        2.500

                                      	
                                        2.450

                                      
	
                                         BOLEN#1
      PDP

                                      	
                                        OCEANA
      EAST

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        1.039

                                      	
                                        1.119

                                      	
                                        1.039

                                      	
                                        1.119

                                      
	
                                         BROWNING
      #1 PDP

                                      	
                                        CLEAR
      FORK

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        2.500

                                      	
                                        2.470

                                      	
                                        2.500

                                      	
                                        2.470

                                      
	
                                         BRYANT
      #1 PDP

                                      	
                                        OCEANA

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        4.000

                                      	
                                        3.300

                                      	
                                        4.000

                                      	
                                        3.300

                                      
	
                                         CHAMBERS
      #1 PDP

                                      	
                                        CLEAR
      FORK

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        1.500

                                      	
                                        1.670

                                      	
                                        1.500

                                      	
                                        1.670

                                      
	
                                         COOK
      #1 PDP

                                      	
                                        OCEANA
      EAST

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        5.526

                                      	
                                        4.560

                                      	
                                        5.526

                                      	
                                        4.560

                                      
	
                                         COOK
      #2 PDP

                                      	
                                        OCEANA
      EAST

                                      	
                                        WYOMING

                                      	
                                        1-PDP

                                      	
                                        1.039

                                      	
                                        0.857

                                      	
                                        1.039

                                      	
                                        0.857

                                      

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 
      	 
      	
                                             EXHIBIT
      A-1  PDP WELLS

                                        	 
      	 
      	 
      
	 
      	 
      	
                                           CLASSIC
      OIL & GAS

                                        	
                                          50%

                                        	 
      	 
      	 
      
	 
      	 
      	
                                             RESOURCES,
      INC.

                                        	
                                          WELLS

                                        	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                             CLASSIC
      INTERESTS

                                        	
                                          BPO

                                        	
                                          BPO

                                        	
                                          APO

                                        	
                                          APO

                                        
	
                                          WELL

                                        	
                                          PROSPECT

                                        	
                                          COUNTY

                                        	
                                          STATUS

                                        	
                                          WI

                                        	
                                          NRI

                                        	
                                          WI

                                        	
                                          NRI

                                        

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

        
           

          
            
              
                
                  	
                          COOKE,
      H. #1 PDP

                        	
                          OCEANA
      EAST

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          5.000

                        	
                          4.300

                        	
                          5.000

                        	
                          4.300

                        
	
                           CRAIG
      #1 PDP

                        	
                          CLEAR
      FORK

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          2.500

                        	
                          2.450

                        	
                          2.500

                        	
                          2.450

                        
	
                           DAVIS
      #1 PDP

                        	
                          CLEAR
      FORK

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          2.000

                        	
                          2.225

                        	
                          2.000

                        	
                          2.225

                        
	
                           FOX
      #1 PDP

                        	
                          OCEANA

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          5.000

                        	
                          4.850

                        	
                          5.000

                        	
                          4.850

                        
	
                           FOX
      #2 PDP

                        	
                          OCEANA

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          4.000

                        	
                          3.300

                        	
                          4.000

                        	
                          3.300

                        
	
                           HATFIELD
      #1 PDP

                        	
                          OCEANA

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          1.039

                        	
                          1.119

                        	
                          1.039

                        	
                          1.119

                        
	
                           HUGHES
      #1 PDP

                        	
                          CLEAR
      FORK

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          2.500

                        	
                          2.450

                        	
                          2.500

                        	
                          2.450

                        
	
                           JACKSON
      #1 PDP

                        	
                          OCEANA
      EAST

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          4.000

                        	
                          3.300

                        	
                          4.000

                        	
                          3.300

                        
	
                           JEWELL
      #1 PDP

                        	
                          OCEANA
      EAST

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          1.039

                        	
                          1.119

                        	
                          1.039

                        	
                          1.119

                        

                

              

            

          

           

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
              
                	
                        LAMB
      #1 PDP

                      	
                        OCEANA
      EAST

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        1.039

                      	
                        1.119

                      	
                        1.039

                      	
                        1.119

                      
	
                         LANDIS
      #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.670

                      	
                        1.500

                      	
                        1.670

                      
	
                         LANDIS
      #2 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.670

                      	
                        1.500

                      	
                        1.670

                      
	
                         LANDIS
      #3 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.470

                      	
                        2.500

                      	
                        2.470

                      
	
                         NLC
      CHURCH #1 PDP

                      	
                        OCEANA
      EAST

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        5.000

                      	
                        4.850

                      	
                        5.000

                      	
                        4.850

                      
	
                         PCHC
      1309 B PDP

                      	
                        OCEANA

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        1.813

                      	
                        1.523

                      	
                        1.813

                      	
                        1.523

                      
	
                         PCT
      #115 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      

              

            

          

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
              
                	
                        PCT
      #128 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.230

                      	
                        0.775

                      	
                        0.635

                      
	
                         PCT
      #129 PDP (APO)

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #130 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #131 PDP (APO)

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.410

                      	
                        1.155

                      
	
                         PCT
      #132 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #133 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.000

                      	
                        1.640

                      	
                        1.035

                      	
                        0.850

                      
	
                         PCT
      #134 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.000

                      	
                        4.100

                      	
                        2.585

                      	
                        2.120

                      
	
                         PCT
      #135 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #136 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        12.500

                      	
                        10.025

                      	
                        6.465

                      	
                        5.300

                      
	
                         PCT
      #137 PDP (APO)

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #138 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.290

                      	
                        1.060

                      
	
                         PCT
      #140 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.230

                      	
                        0.775

                      	
                        0.635

                      
	
                         PCT
      #141 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #142 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        0.500

                      	
                        0.410

                      	
                        0.260

                      	
                        0.215

                      

              

            

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
              
                	
                        PCT
      #143 PDP (APO)

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #146 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.230

                      	
                        0.775

                      	
                        0.635

                      
	
                         PCT
      #150 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.290

                      	
                        1.060

                      
	
                         PCT
      #152 PDP (APO)

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.290

                      	
                        1.060

                      
	
                         PCT
      #153 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.290

                      	
                        1.060

                      
	
                         PCT
      #154 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        18.500

                      	
                        15.170

                      	
                        9.565

                      	
                        7.845

                      
	
                         PCT
      #156 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.230

                      	
                        0.775

                      	
                        0.635

                      
	
                         PCT
      #157 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.410

                      	
                        1.155

                      
	
                         PCT
      #160 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.410

                      	
                        1.155

                      
	
                         PCT
      #161 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #162 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #163 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #164 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      

              

            

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
              
                	
                        PCT
      #166 PDP

                      	
                        YUKON
      - N

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        5.500

                      	
                        4.510

                      	
                        2.955

                      	
                        2.425

                      
	
                         PCT
      #167 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.410

                      	
                        1.155

                      
	
                         PCT
      #168 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        9.000

                      	
                        7.380

                      	
                        4.655

                      	
                        3.815

                      
	
                         PCT
      #169 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.230

                      	
                        0.775

                      	
                        0.635

                      
	
                         PCT
      #175 PDP

                      	
                        YUKON
      - S

                      	
                        McDOWELL

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.050

                      	
                        1.410

                      	
                        1.155

                      
	
                         PENNINGTON
      #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.550

                      	
                        2.500

                      	
                        2.550

                      
	
                         SHORT,
      A. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.000

                      	
                        2.225

                      	
                        2.000

                      	
                        2.225

                      
	
                         SPEARS
      #1 PDP

                      	
                        OCEANA
      EAST

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        4.500

                      	
                        3.690

                      	
                        4.500

                      	
                        3.690

                      

              

            

          

          

        

         

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

         

        
          
            
              
                	
                        STEPP
      #1 PDP

                      	
                        OCEANA

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        6.500

                      	
                        5.500

                      	
                        6.500

                      	
                        5.500

                      
	
                         TOLER,
      C. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        1.500

                      	
                        1.670

                      	
                        1.500

                      	
                        1.670

                      
	
                         TOLER,
      D. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        25.374

                      	
                        20.568

                      	
                        25.374

                      	
                        20.568

                      
	
                         TOLER,
      D.R. #1 PDP

                      	
                        OCEANA
      EAST

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        4.000

                      	
                        3.280

                      	
                        4.000

                      	
                        3.280

                      
	
                         TOLER,
      J. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.550

                      	
                        2.500

                      	
                        2.550

                      
	
                         TOLER,
      K. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        43.500

                      	
                        35.940

                      	
                        43.500

                      	
                        35.940

                      
	
                         TOLER,
      M. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.500

                      	
                        2.550

                      	
                        2.500

                      	
                        2.550

                      
	
                         TOLER,
      T. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        2.000

                      	
                        2.225

                      	
                        2.000

                      	
                        2.225

                      
	
                         WEST,
      S. #1 PDP

                      	
                        CLEAR
      FORK

                      	
                        WYOMING

                      	
                        1-PDP

                      	
                        27.675

                      	
                        25.009

                      	
                        27.675

                      	
                        25.009

                      

              

            

          

          

        

         

        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

         

         

        
           

          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    	 
      	 
      	
                                               EXHIBIT
      A-1  PDP WELLS

                                          	 
      	 
      	 
      
	 
      	 
      	
                                             CLASSIC
      OIL & GAS

                                          	
                                            50%

                                          	 
      	 
      	 
      
	 
      	 
      	
                                               RESOURCES,
      INC.

                                          	
                                            WELLS

                                          	 
      	 
      	 
      
	 	 	 	 	 	 	 
	 
      	 
      	
                                               CLASSIC
      INTERESTS

                                          	
                                            BPO

                                          	
                                            BPO

                                          	
                                            APO

                                          	
                                            APO

                                          
	
                                            WELL

                                          	
                                            PROSPECT

                                          	
                                            COUNTY

                                          	
                                            STATUS

                                          	
                                            WI

                                          	
                                            NRI

                                          	
                                            WI

                                          	
                                            NRI

                                          

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

        
          
            
              
                
                  	 	 	 	 	 	 	 	 
	
                          WEST,
      S. #3 PDP

                        	
                          CLEAR
      FORK

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          5.000

                        	
                          4.125

                        	
                          5.000

                        	
                          4.125

                        
	
                           WEST
      ET AL #1 PDP

                        	
                          CLEAR
      FORK

                        	
                          WYOMING

                        	
                          2-PDNP

                        	
                          2.000

                        	
                          2.225

                        	
                          2.000

                        	
                          2.225

                        
	
                           WRIGHT,
      B. #1 PDP

                        	
                          KIMBALL

                        	
                          WYOMING

                        	
                          1-PDP

                        	
                          4.500

                        	
                          3.715

                        	
                          4.500

                        	
                          3.715

                        

                

              

            

          

          

        

      

    

     

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    

    EXHIBIT
A-2  PDNP&BP WELLS

    CLASSIC OIL & GAS   
50%

        RESOURCES,
INC.     WELLS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                
                                                  
                                                    
                                                      
                                                        
                                                          
                                                            
                                                              
                                                                
                                                                  
                                                                    
                                                                      
                                                                        
                                                                          
                                                                            
                                                                              
                                                                                
                                                                                  
                                                                                    
                                                                                      	 
      	 	 
      	 	
                                                                                              CLASSIC
      INTERESTS

                                                                                            	 	
                                                                                              BPO

                                                                                            	 	 	
                                                                                              BPO

                                                                                            	 	 	
                                                                                              APO

                                                                                            	 	 	
                                                                                              APO

                                                                                            	 
	
                                                                                              WELL

                                                                                            	 	
                                                                                              PROSPECT

                                                                                            	 	
                                                                                              COUNTY

                                                                                            	 	
                                                                                              STATUS

                                                                                            	 	
                                                                                              WI

                                                                                            	 	 	
                                                                                              NRI

                                                                                            	 	 	
                                                                                              WI

                                                                                            	 	 	
                                                                                              NRI

                                                                                            	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                                                                                              CLINE,
      B.  #1 PDNP

                                                                                            	 	
                                                                                              CLEAR
      FORK

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	2.500	 	 	 	2.550	 	 	 	2.500	 	 	 	2.550	 
	
                                                                                              FIELDS,
      BOB #1 PDNP

                                                                                            	 	
                                                                                              OCEANA

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	4.000	 	 	 	3.280	 	 	 	4.000	 	 	 	3.280	 
	
                                                                                              FOX
      #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	5.000	 	 	 	4.850	 	 	 	5.000	 	 	 	4.850	 
	
                                                                                              JACKSON
      #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA
      EAST

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	4.000	 	 	 	3.300	 	 	 	4.000	 	 	 	3.300	 
	
                                                                                              LAMB
      #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA
      EAST

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	1.039	 	 	 	1.119	 	 	 	1.039	 	 	 	1.119	 
	
                                                                                              NLC
      CHURCH #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA
      EAST

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	5.000	 	 	 	4.850	 	 	 	5.000	 	 	 	4.850	 
	
                                                                                              PCT
      #134 PDNP (BP)

                                                                                            	 	
                                                                                              YUKON
      - S

                                                                                            	 	
                                                                                              McDOWELL

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	5.000	 	 	 	4.100	 	 	 	2.585	 	 	 	2.120	 
	
                                                                                              PCT
      #145 PDNP

                                                                                            	 	
                                                                                              YUKON
      - S

                                                                                            	 	
                                                                                              McDOWELL

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	3.000	 	 	 	2.460	 	 	 	1.274	 	 	 	1.554	 
	
                                                                                              PCT
      #149 PDNP

                                                                                            	 	
                                                                                              YUKON
      - N

                                                                                            	 	
                                                                                              McDOWELL

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	2.500	 	 	 	2.050	 	 	 	1.292	 	 	 	1.059	 
	
                                                                                              PCT
      #173 PDNP

                                                                                            	 	
                                                                                              YUKON
      - S

                                                                                            	 	
                                                                                              McDOWELL

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	5.500	 	 	 	4.510	 	 	 	2.844	 	 	 	2.332	 
	
                                                                                              PCT
      #176 PDNP

                                                                                            	 	
                                                                                              YUKON
      - S

                                                                                            	 	
                                                                                              McDOWELL

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	12.500	 	 	 	10.250	 	 	 	6.465	 	 	 	5.300	 
	
                                                                                              STEPP
      #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	6.500	 	 	 	5.500	 	 	 	6.500	 	 	 	5.500	 
	
                                                                                              TOLER,
      D.R. #1 PDNP (BP)

                                                                                            	 	
                                                                                              OCEANA
      EAST

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP
      (BP)

                                                                                            	 	 	4.000	 	 	 	3.280	 	 	 	4.000	 	 	 	3.280	 
	
                                                                                              WEST,
      S. #2 PDNP

                                                                                            	 	
                                                                                              CLEAR
      FORK

                                                                                            	 	
                                                                                              WYOMING

                                                                                            	 	
                                                                                              2-PDNP

                                                                                            	 	 	2.500	 	 	 	2.550	 	 	 	2.500	 	 	 	2.550	 

                                                                                    

                                                                                  

                                                                                

                                                                              

                                                                            

                                                                          

                                                                        

                                                                      

                                                                    

                                                                  

                                                                

                                                              

                                                            

                                                          

                                                        

                                                      

                                                    

                                                  

                                                

                                              

                                            

                                          

                                        

                                      

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A-3 SUMMIT WELLS

    CLASSIC
OIL & GAS      %

          
RESOURCES, INC.     VARIES

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      	 
      	 	 
      	 	
                                              CLASSIC
      INTERESTS

                                            	 	
                                              BPO

                                            	 	 	
                                              BPO

                                            	 	 	
                                              APO

                                            	 	 	
                                              APO

                                            	 
	
                                              WELL

                                            	 	
                                              PROSPECT

                                            	 	
                                              COUNTY

                                            	 	
                                              STATUS

                                            	 	
                                              WI

                                            	 	 	
                                              NRI

                                            	 	 	
                                              WI

                                            	 	 	
                                              NRI

                                            	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                                              BOLEN#1
      PDP

                                            	 	
                                              OCEANA
      EAST

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	1.039	 	 	 	1.119	 	 	 	1.039	 	 	 	1.119	 
	
                                              COOK
      #1 PDP

                                            	 	
                                              OCEANA
      EAST

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	5.526	 	 	 	4.560	 	 	 	5.526	 	 	 	4.560	 
	
                                              COOK
      #2 PDP

                                            	 	
                                              OCEANA
      EAST

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	1.039	 	 	 	0.857	 	 	 	1.039	 	 	 	0.857	 
	
                                              HATFIELD
      #1 PDP

                                            	 	
                                              OCEANA

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	1.039	 	 	 	1.119	 	 	 	1.039	 	 	 	1.119	 
	
                                              JEWELL
      #1 PDP

                                            	 	
                                              OCEANA
      EAST

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	1.039	 	 	 	1.119	 	 	 	1.039	 	 	 	1.119	 
	
                                              LAMB
      #1 PDP

                                            	 	
                                              OCEANA
      EAST

                                            	 	
                                              WYOMING

                                            	 	
                                              1-PDP

                                            	 	 	1.039	 	 	 	1.119	 	 	 	1.039	 	 	 	1.119	 

                                    

                                  

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A-4  PDP WELLS

    CLASSIC OIL &
GAS     100%

         RESOURCES,
INC.      WELLS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 
      	 	 
      	 	
                                          CLASSIC
      INTERESTS

                                        	 	
                                          BPO

                                        	 	 	
                                          BPO

                                        	 	 	
                                          APO

                                        	 	 	
                                          APO

                                        	 
	
                                          WELL

                                        	 	
                                          PROSPECT

                                        	 	
                                          COUNTY

                                        	 	
                                          STATUS

                                        	 	
                                          WI

                                        	 	 	
                                          NRI

                                        	 	 	
                                          WI

                                        	 	 	
                                          NRI

                                        	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                                          ADKINS
      #1 PDP

                                        	 	
                                          INDIAN
      CREEK

                                        	 	
                                          WYOMING

                                        	 	
                                          1-PDP

                                        	 	 	15.000	 	 	 	12.825	 	 	 	15.000	 	 	 	12.825	 
	
                                          BOBO
      #1 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	75.000	 	 	 	66.250	 	 	 	75.000	 	 	 	66.250	 
	
                                          CLINE,
      ELMER #1 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	100.000	 	 	 	87.500	 	 	 	100.000	 	 	 	87.500	 
	
                                          CLINE,
      ELMER #2 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	15.500	 	 	 	15.250	 	 	 	15.500	 	 	 	15.250	 
	
                                          CLINE,
      R. S. #1 PDP

                                        	 	
                                          ELK
      LICK

                                        	 	
                                          WYOMING

                                        	 	
                                          1-PDP

                                        	 	 	30.000	 	 	 	27.650	 	 	 	30.000	 	 	 	27.650	 
	
                                          CNB
      748 PDP

                                        	 	
                                          BOONE
      COUNTY

                                        	 	
                                          BOONE

                                        	 	
                                          1-PDP

                                        	 	 	100.000	 	 	 	80.280	 	 	 	100.000	 	 	 	80.280	 
	
                                          ELLIS
      #1 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	100.000	 	 	 	87.500	 	 	 	100.000	 	 	 	87.500	 
	
                                          ELLIS
      #2 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	19.500	 	 	 	18.670	 	 	 	19.500	 	 	 	18.670	 
	
                                          McGRAW
      #1 PDP

                                        	 	
                                          PECKS
      MILL - LF

                                        	 	
                                          LOGAN

                                        	 	
                                          1-PDP

                                        	 	 	10.000	 	 	 	9.000	 	 	 	10.000	 	 	 	9.000	 
	
                                          MEADOWS
      #1 PDP

                                        	 	
                                          BRENTON

                                        	 	
                                          WYOMING

                                        	 	
                                          1-PDP

                                        	 	 	100.000	 	 	 	87.500	 	 	 	100.000	 	 	 	87.500	 
	
                                          OWENS
      #1 PDP

                                        	 	
                                          GARDEN
      GAP

                                        	 	
                                          WYOMING

                                        	 	
                                          1-PDP

                                        	 	 	20.000	 	 	 	18.300	 	 	 	20.000	 	 	 	18.300	 
	
                                          PENN
      VA. #920 PDP

                                        	 	
                                          ANAWALT

                                        	 	
                                          McDOWELL

                                        	 	
                                          1-PDP

                                        	 	 	100.000	 	 	 	87.500	 	 	 	100.000	 	 	 	87.500	 
	
                                          SMITH
      #1 PDP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          1-PDP

                                        	 	 	20.000	 	 	 	19.100	 	 	 	20.000	 	 	 	19.100	 

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    EXHIBIT
A-5  PDNP&BP WELLS

    CLASSIC OIL & GAS    
100%

       
RESOURCES, INC.    WELLS

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	 
      	 	 
      	 	
                                          CLASSIC
      INTERESTS

                                        	 	
                                          BPO

                                        	 	 	
                                          BPO

                                        	 	 	
                                          APO

                                        	 	 	
                                          APO

                                        	 
	
                                          WELL

                                        	 	
                                          PROSPECT

                                        	 	
                                          COUNTY

                                        	 	
                                          STATUS

                                        	 	
                                          WI

                                        	 	 	
                                          NRI

                                        	 	 	
                                          WI

                                        	 	 	
                                          NRI

                                        	 
	 
      	 	 
      	 	 
      	 	 
      	 	 	 	 	 	 	 	 	 	 	 	 
	
                                          TINSLEY
      #1 PDNP

                                        	 	
                                          GILBERT
      CREEK

                                        	 	
                                          MINGO

                                        	 	
                                          2-PDNP

                                        	 	 	100.000	 	 	 	77.500	 	 	 	100.000	 	 	 	77.500Unassociated Document

    ESCROW
AGREEMENT

    

    This
escrow agreement ("Agreement") dated and entered as of September __, is by and
among, Klein Retail Centers, Inc., a Delaware corporation (“Company”), Freedom
Investors Corp., a FINRA-registered broker-dealer (“Dealer Manager”), and
Century Bank and Trust (“Escrow Agent”). The “Escrow Agent,” the “Company,” and
the “Dealer Manager” may also be hereinafter referred to as the
“Parties.”

    

    RECITALS

     

    A. The
Company, by and through the Dealer Manager and each registered FINRA
broker-dealer with whom the Dealer Manager has entered into or will enter into a
Soliciting Dealer Agreement in the form attached to this Agreement as Exhibit B (you and
said dealers being hereinafter sometimes referred to collectively as the
“Dealers”), is offering for sale to the public a maximum of 3,000,000 shares of
its Common Stock (“Offering”) through the Dealers, including the Dealer Manager.
The Offering is being conducted on a “best efforts” basis, which means that the
Dealers must use only their best efforts to sell the shares and have no firm
commitment or obligation to purchase any of the shares. We are offering such
3,000,000 shares at a price of $5.00 per share. The Offering is scheduled to
terminate by ______________, 2011. Under rules promulgated by the SEC, in some
circumstances we could continue the Offering until as late as __________, 2012.
If we decide to continue the Offering beyond _____________ , 2011, we will
supplement the prospectus relating to the Offering accordingly. We may terminate
this Offering at any time. The Company reserves the right to accept
subscriptions for less than the preferred minimum investment of
$__________.

    

    B. The
Company desires to establish an escrow account with the Escrow Agent into which
certain monies will be deposited and held in escrow until collected funds
representing payment in full for those shares covered by at least one
subscription agreement in the form attached hereto as Exhibit C
(“Subscription Agreement”) that has been accepted by the Company.

    

    C.
Century Bank and Trust has agreed to act as Escrow Agent on behalf of the
Company and Freedom Investors Corp. on the terms and conditions set forth in
this Agreement;

    

    NOW,
THEREFORE, in consideration of the premises the Parties agree as
follows:

    

    1.           ESCROW
FEES: The Company hereby agrees to pay the Escrow Agent compensation for
ordinary services rendered hereunder (“Escrow Fee”) which shall be calculated in
accordance with the Escrow Agent's fee schedule attached as Exhibit A. The
Company further agrees to pay the Escrow Agent’s reasonable fees, which shall be
agreed upon between the Parties, for any services in addition to those provided
for herein to the extent that the Company has expressly requested such
extraordinary services and has been made aware of their cost in advance of their
performance.

    

    2.           DEPOSITS:  The
Company, through Dealers, shall deliver to the Escrow Agent all checks, drafts
and money orders (“Subscription Payments”) received by any Dealer from each
subscriber for shares (“Subscriber”) in connection with the Offering. All
checks, drafts or money orders for payment of the Proceeds shall be made payable
to the “Klein Retail Centers, Inc. Escrow Account” and shall be deposited
promptly to such escrow account. The Escrow Agent shall keep full and proper
records (“Records”) of the names of Subscribers, the number of Shares purchased
and amount of Subscription Payments paid by each Subscriber.

    

    3.           INVESTMENT
OF FUNDS: All Subscription Payments shall be cleared and held in a
separate U.S. Bank FDIC – Insured Money Market Account. The Escrow Agent may
invest the Escrow Amount only in such accounts or investments as the Company may
specify by written notice. The Company may only specify investment in (1) bank
accounts, (2) bank money-market account, (3) short time certificates of deposit
issued by a bank, or (4) short-term securities issued or guaranteed by the U.S.
Government.

    

    4.           TERMINATION
DATE: For the purpose of this Agreement, the “Termination Date” of the
Offering shall be ___________, 20__ unless terminated earlier by the Company and
Dealer Manager, or extended mutually by both of them, in writing for up to an
additional ____ days.

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    5.           DISBURSEMENT
OF FUNDS:

    

    (a)          TERMINATION OF THE
OFFERING: If the Escrow Agent has not received on or before the
Termination Date, collected funds funds representing payment in full for those
shares covered by one or more Subscription Agreements (in the form attached
hereto as Exhibit B) that have been accepted by the Company, then the Escrow
Agent shall proceed as directed by the Company and Dealer Manager. The Escrow
Agent, if so directed, shall return all Subscription Payments, without interest
thereon or deduction therefrom, directly to each Subscriber, respectively, at
the address given by such Subscriber in the Subscription Agreement. All
disbursements by the Escrow Agent pursuant to this section shall be made by the
Escrow Agent's usual escrow checks and shall be mailed by first class United
States Postal Services mail, postage pre-paid, as soon as practicable but not
later than the third business day after the Termination Date.

    

    (b)          INITIAL CLOSING OF
OFFERING:  If the Escrow Agent has received on or before the
Termination Date, collected funds funds representing payment in full for those
shares covered by one or more subscription agreements (in the form attached
hereto as Exhibit C), and the Company’s acceptance of each Subscriber, in
writing, then the Escrow Agent shall disburse one-hundred percent (100%) of the
Subscription Payments in immediately available funds in accordance with written
instructions from both Company and Dealer Manager.

    

    (c)          SUBSEQUENT CLOSINGS:
After an initial closing of the Offering, from time to time upon receipt by the
Escrow Agent of additional Subscription Payments and written acceptance of each
Subscriber by the Company, the Escrow Agent shall disburse one-hundred percent
(100%) of all then held Subscription Payments in immediately available funds in
accordance with written instructions from both the Company and Dealer
Manager.

    

    6.           COLLECTED
FUNDS: No Subscription Payment shall be disbursed pursuant to Section 5
until such Subscription Payment has been received by the Escrow Agent in
immediately available funds.

    

    7.           LIABILITY
OF ESCROW AGENT: In performing any duties under this Agreement, the
Escrow Agent shall not be liable to the Company, any Dealer, or any Subscriber
for damages, losses, or expenses, except for gross negligence or willful
misconduct on the part of the Escrow Agent. The Escrow Agent shall not incur any
such liability for any action taken or omitted in reliance upon any instrument,
including any written statement or affidavit provided for in this Agreement that
the Escrow Agent shall in good faith believe to be genuine, nor will the Escrow
Agent be liable or responsible for forgeries, fraud, impersonations, or
determining the scope of any representative’s authority. In addition, the Escrow
Agent may consult with legal counsel in connection with the Escrow Agent's
duties under this Agreement and shall be fully protected in any action taken,
suffered, or permitted by it in good faith in accordance with the reasonable
advice of counsel. The Escrow Agent is not responsible for determining and
verifying the authority of any person acting or purporting to act on behalf of
any Party to this Agreement.

    

    8.           FEES AND
EXPENSES: It is understood that the fees and usual charges agreed upon
for services of the Escrow Agent shall be considered compensation for ordinary
services as contemplated by this Agreement.  In the event that the
conditions of this Agreement are not promptly fulfilled, or if the Escrow Agent
renders any service not provided for in this Agreement after approval by the
Company and Dealer Manager, or if the Company and Dealer Manager request a
substantial modification of its terms, or if any controversy arises, or if the
Escrow Agent is made a party to, or intervenes in, any litigation pertaining to
this Agreement or its subject matter, the Escrow Agent shall be reasonably
compensated for such extraordinary services and reimbursed for all reasonable
costs, attorney's fees, including allocated costs of in-house counsel, and
reasonable expenses occasioned by such default, delay, controversy or
litigation. The Company promises to pay these sums promptly upon
demand.

    

    9.           CONTROVERSIES:
If any controversy arises between the Parties to this Agreement concerning the
subject matter of this Agreement, its terms or conditions, the Escrow Agent will
not be required to determine the controversy or to take any action regarding it.
The Escrow Agent will hold all documents and funds and will wait for settlement
of any such controversy by final appropriate legal proceedings or other means
as, in the Escrow Agent's discretion, the Escrow Agent may require, despite what
may be set forth elsewhere in this Agreement.  In such event, the
Escrow Agent will not be liable for interest or damage. Furthermore, the Escrow
Agent may at its option file an action of interpleader requiring the Parties to
answer and litigate any claims and rights among themselves. The Escrow Agent is
authorized to deposit with the clerk of the court all documents and funds held
in escrow. Upon initiating such action, the Escrow Agent shall be fully released
and discharged of and from all obligations and liability imposed by the terms of
this Agreement.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    10.         INDEMNIFICATION
OF ESCROW AGENT: The Company and the respective Dealers, and their
successors and assigns, agree jointly and severally to indemnify and hold the
Escrow Agent harmless against any and all losses, claims, damages, liabilities,
and expenses, including reasonable costs of investigation, counsel fees,
including allocated costs of in-house counsel and disbursements that may be
imposed on the Escrow Agent or incurred by the Escrow Agent in connection with
the performance of its duties under this Agreement, including but not limited to
any litigation arising from this Agreement or involving its subject matter
(“Losses”); provided, however, no such duty to indemnity or hold harmless shall
apply to the extent such Losses are caused by the gross negligence or willful
misconduct on the part of the Escrow Agent.

    

    11.         RESIGNATION
OF ESCROW AGENT: The Escrow Agent may resign at any time upon giving at
least (30) days written notice to the Company and Dealer Manager, provided,
however, that no such resignation shall become effective until the appointment
of a successor escrow agent which shall be accomplished as
follows:  The Company and Dealer Manager shall use their best efforts
to obtain a successor escrow agent within thirty (30) days after receiving such
notice. If the Company and Dealer Manager fail to agree upon a successor escrow
agent within such time, the Escrow Agent shall have the right to appoint a
successor escrow agent authorized to do business in the state of Michigan. The
successor escrow agent shall execute and deliver an instrument accepting such
appointment and it shall without further acts, be vested with all the estates,
properties, rights, powers, and duties of the predecessor escrow agent as if
originally named as Escrow Agent. The Escrow Agent shall thereupon be discharged
from any further duties and liability under this Agreement.

    

    12.         AUTOMATIC
SUCCESSION: Any company into which the Escrow Agent may be merged or with
which it may be consolidated, or any company to whom the Escrow Agent may
transfer a substantial amount of its global escrow business, shall be the
Successor to the Escrow Agent without the execution or filing of any paper or
any further act on the part of any of the Parties, anything herein to the
contrary notwithstanding.

    

    13.         TERMINATION:  This
Agreement shall terminate on; (i) the Termination Date as defined in Section 4
hereof or (ii) upon the completion of the conditions of Sections 5(a) or 5(b)
hereof, without any notices to any person, unless earlier terminated pursuant to
the terms hereof.

    

    14.         MISCELLANEOUS:

    

    (a)           GOVERNING LAWS: This
Agreement is to be construed and interpreted in accordance with the laws of the
state of Michigan applicable to agreements made and to be performed wholly
within such state.

    

    (b)           COUNTERPARTS: This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.

    

    (c)           NOTICES: All
instructions, notices and demands herein provided for shall be in writing and
shall be mailed postage prepaid, first class mail, delivered by courier, or
telecopies as follows:

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    
      	
              If
      to the Company:

            	
              If
      to the Escrow Agent:

            
	 
      	 
      
	
              Klein
      Retail Centers, Inc.

            	
              Century
      Bank and Trust

            
	
              330
      Intertech Parkway, Suite 300

            	
              100
      West Chicago Street

            
	
              Angola,
      IN 46703

            	
              Coldwater,
      MI 49036

            
	
              Attn.:Fred
      Beck

            	
              Attn:
      Jay Carlson

            
	
              Telephone
      No  (260) 665-9732

            	
              Telephone
      No:   (517) 278-1569

            
	
              Fax
      No.:         (260)
      665-7391

            	
              Fax
      No:           
      (517) 278-5399

            

    

    

    If to the
Dealer Manager:

    

    Freedom
Investors Corp.

    333
Bishops Way, Suite 122

    Brookfield,
WI 53005

    Attn.:
Joel R. Blumenschein

    

    Telephone
No.: (877) 436-8701

    Fax
No.:          (262)
436-8701

    

    (d)           AMENDMENTS: This
Agreement may be amended, supplemented or otherwise modified only by a written
instrument signed by all Parties hereto.

    

    (e)           USA PATRIOT ACT
INFORMATION: The Company and each other Party shall provide to the Escrow
Agent such other information as the Escrow Agent may reasonably require to
permit the Escrow Agent to comply with its obligations under the federal USA
Patriot Act. The Escrow Agent shall not credit any amount of interest or
investment proceeds earned on the Subscription Payments, or make any payment of
all or a portion of monies held in the escrow account pursuant to this
Agreement, to any person unless and until such person has provided to the Escrow
Agent such documents as the Escrow Agent may require to permit the Escrow Agent
to comply with its obligations under such Act.

    

    (f)           SECURITY ADVICE WAIVER
LANGUAGE: The Company
and the Dealer Manager acknowledge that, in accordance with regulations of the
Comptroller of the Currency, the Company and the Dealers (including the Dealer
Manager) have the right to receive brokerage confirmations of security
transactions as they occur. The Company and the Dealers specifically waive such
notification to the extent permitted by law and acknowledge that the Company and
Dealers will receive periodic cash transaction statements, which will detail all
investment transactions.

    

    The Company and Dealer Manager represent and
agree that neither of them have made nor will they in the future make any
representation that states or implies that the Escrow Agent has endorsed,
recommended or guaranteed the purchase, value, or repayment of the Shares
offered for sale by the Company. The Company further agrees that it will insert
in the Subscription Agreement and Instructions made available to prospective
purchasers of the Shares the statement in bold and italics below and will
furnish to the Escrow Agent a copy of each such prospectus, offering circular,
advertisement, subscription agreement or other document at least 5 business days
prior to its distribution to prospective Subscribers.

    

    “The
undersigned acknowledges that Century Bank and Trust is acting only as an escrow
agent in connection with the Offering of the Shares described herein, and has
not endorsed, recommended or guaranteed the purchase, value or repayment of such
Shares.”

    

    The
Parties hereto have executed this Agreement by their duly authorized
representatives as of the date set forth above.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    
      
        	
                COMPANY

              	
                ESCROW
      AGENT

              
	
                Klein
      Retail Centers, Inc.

              	
                Century
      Bank and Trust, as

              
	 
      	
                Escrow
      Agent

              

      

    

    

    
      
        	
                By:  __________________________

              	
                By:  __________________________

              
	 
      	
                Escrow
      Agent

              
	 
      	 
      
	
                Date:
      _________________________

              	
                Date:
      __________________, 2009

              

      

    

    

    PLACEMENT
AGENT

    Freedom
Investors Corp.

    

    By:
______________________________

    Name:
_______________________

    

    Date:
_________________________

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    EXHIBIT
A

    

    Acceptance Fee

    The
acceptance fee includes the administrative review of documents, initial set-up
of the account, and other reasonably required services up to and including the
closing. This is a one-time fee, payable at closing, of $_________.

    

    Century
Bank and Trust reserves the right to refer any or all escrow documents for legal
review before execution.  Legal fees (billed on an hourly basis) and
expenses for this service will be billed to, and paid by, the
customer.  If appropriate and upon request by the customer, Century
Bank and Trust will provide advance estimates of these legal fees.

    

    Escrow
Disbursement Fee

    For the
performance of the routine duties associated with escrow tranche disbursements
the escrow agent shall charge $________ per tranche disbursement. Escrow
disbursement fees are payable in advance.

    

    Direct
Out of Pocket Expenses

    Reimbursement
of expenses associated with the performance of our duties, including but not
limited to publications, legal counsel after the initial close, travel expenses
and filing fees.

    

    Extraordinary
Services

    Extraordinary
services are duties or responsibilities of an unusual nature, including
termination, but not provided for in the governing documents or otherwise set
forth in this schedule. A reasonable charge will be assessed based on the nature
of the service and the responsibility involved.  At our option, these
charges will be billed at a flat fee or at our hourly rate then in
effect.

    

    Account
approval is subject to review and qualification. Fees are subject to change at
our discretion and upon written notice. Fees paid in advance will not be
prorated. The fees set forth above and any subsequent modifications thereof are
part of your agreement. Finalization of the transaction constitutes agreement to
the above fee schedule, including agreement to any subsequent changes upon
proper written notice.  In the event your transaction is not
finalized, any related out-of-pocket expenses will be billed to you
directly.  Absent your written instructions to sweep or otherwise
invest, all sums in your account will remain uninvested and no accrued interest
or other compensation will be credited to the account. Payment of fees
constitutes acceptance of the terms and conditions set forth.

    

    IMPORTANT
INFORMATION ABOUT PROCEDURES FOR OPENING A NEW ACCOUNT:

    To help
the government fight the funding of terrorism and money laundering activities,
Federal law requires all financial institutions to obtain, verify and record
information that identifies each person who opens an account.For a
non-individual person such as a business entity, a charity, a Trust or other
legal entity we will ask for documentation to verify its formation and existence
as a legal entity. We may also ask to see financial statements, licenses,
identification and authorization documents from individuals claiming authority
to represent the entity or other relevant documentation.

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    EXHIBIT
C

    

    SUBSCRIPTION
AGREEMENT

    

    Kenneth
S. Klein, Chief Executive Officer

    Klein
Retail Centers, Inc.

    330
Intertech Parkway, Suite. 300

    Angola,
IN 46703

    

    
      	
               
      

            	
              Re:

            	
              Klein Retail Centers,
      Inc. – shares of common stock
(“Shares”)

            

    

    

    In
connection with the offer and proposed sale to the public by Klein Retail
Centers, Inc. (“Company”), a Delaware corporation, of up to 3,000,000 Shares
(“Offering”), the undersigned prospective investor (the “Investor”) and the
Company hereby agree as follows:

    

    1.           Subscription. The Investor
hereby subscribes for and agrees to purchase the number of Shares set forth on
the signature page of this Subscription Agreement, subject to the following
conditions and understandings:

    

    (i)       Acceptance or
Rejection. The Company, in its sole discretion and for any reason, may
accept or reject this subscription, in whole or in part and at any time. The
Company may also allocate to the Investor less than the number of Shares
subscribed for, in which case there shall be remitted to the Investor the
difference between the subscription amount paid and the subscription price
allocable to the Shares accepted.

    

    (ii)      Closing. All funds
will be held in a non-interest bearing escrow account until collected funds
representing one or more subscriptions have been received by the Escrow Agent
This escrow agent will continue as the distribution agent until the Offering is
terminated.

    

    (iii)     Treatment of Funds Submitted
in Connection with Rejected Subscriptions. If the Company rejects this
subscription in its entirety, the Investor's check or wire transfer accompanying
this subscription will be returned to the Investor without interest or
deduction. If this subscription is accepted in whole or in part, the Investor's
check will be cashed or the wire transfer approved with funds disbursed pursuant
to the Escrow Agreement, and the Company will promptly remit to the Investor the
funds relating to that portion of the subscription, if any that is not
accepted.

    

    2.           Representations and
Warranties. The Investor makes the acknowledgments, representations and
warranties set forth in this Section with the intent that the same may be relied
upon in determining the Investor's suitability as a purchaser of Shares. The
obligations of the Investor and the acknowledgments, representations and
warranties herein contained shall be binding upon each such person and his
respective heirs, executors, administrators, and assigns.

    

    (i)       No Regulatory Review.
The Investor acknowledges that no federal, state or other agency has made nor
will make any finding or determination as to the fairness of the investment or
make nor made any recommendation or endorsement of the Shares.

    

    (ii)      Escrow Agent Status.
The Investor acknowledges that Century Bank and Trust is acting only as an
escrow agent in connection with the Offering of the Shares described herein, and
has not endorsed, recommended or guaranteed the purchase, value or repayment of
such Units.

     

    3.           Survival. The representations
and warranties contained in Section 2 herein will survive the
Closing.

    

    4.           Reliance on Representations and
Warranties; Indemnification. The Investor understands that the Company
will rely on the representations and warranties of the Investor herein in
determining whether a sale of Shares to the Investor is in compliance with
federal and applicable state securities laws. The Investor hereby agrees to
indemnify the Company and its respective affiliates, and hold the Company and
its affiliates harmless from and against any and all liability, damage, cost or
expense (including reasonable attorneys' fees) incurred on the account of or
arising out of: (a) any inaccuracy in the Investor's Acknowledgments,
representations and warranties set forth in this Subscription Agreement; (b) the
disposition of any of the Shares which the Investor will receive, contrary to
the Investor's acknowledgments, representations and warranties in this
Subscription Agreement; (c) any suit or proceeding based upon the claim that
said acknowledgments, representations or warranties were inaccurate or
misleading or otherwise cause for obtaining damages or redress from the Company
or any of its affiliates or the disposition of all or any part of the Investor's
Shares; and (d) the Investor's failure to fulfill any or all of the Investor's
obligations herein.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    5.           Updating Information. All of
the information set forth herein with respect to the Investor, including,
without limitation all of the acknowledgments, representations and warranties
set forth herein, is correct and complete as of the date hereof and, if there
should be any material change in such information prior to the acceptance of
this subscription by the Company, the Investor will immediately furnish the
revised or corrected information to the Company.

    

    6.           Execution of Additional
Documents. The parties to this Subscription Agreement will execute and
deliver any other documents, transfers, assurances and procedures necessary, in
the opinion of counsel for the Company, for the purposes of giving effect to or
perfecting the transactions contemplated by this Subscription
Agreement.

    

    7.           Notices. Any notices or other
communication required or permitted hereunder shall be sufficiently given if in
writing and sent by registered or certified mail, postage prepaid and return
receipt requested if to the Company to: Kenneth Klein, Chief Executive, Klein
Retail Centers, Inc., 330 Intertech Parkway, Suite. 300, Angola, IN 46703, (517)
278-3050 and if to the Investor, at the address set forth following the
Investor's signature to this Subscription Agreement, or to such other address as
either the Company or the Investor shall designate to the other by notice in
writing.

    

    8.           Successors;
Amendment.  This Subscription Agreement inures to the benefit
of and is binding upon the parties to this Subscription Agreement and their
heirs, executors, administrators, successors and permitted
assigns.  This Subscription Agreement may be amended, modified or
terminated only by an agreement in writing, signed by the parties to be changed
by such amendment, modification or termination.

    

    9.           Governing Law. This
Subscription Agreement shall be governed by and construed in accordance with the
laws of the state of Michigan.

    

    10.          Representation.  The
Investor acknowledges that legal counsel for the Company has acted as counsel
solely to the Company and not to the Investor. The Investor is advised to have
his/her/its own legal counsel and other advisors review the Offering Memorandum
prior to subscribing for Shares.

    

    11.          The undersigned
acknowledges that Century Bank and Trust is acting only as an escrow agent in
connection with the Offering of the Shares described herein, and has not
endorsed, recommended or guaranteed the purchase, value or repayment of such
Shares.

     

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    12.          Signatures.  The
Investor declares under penalty of perjury that the statements, acknowledgments,
representations and warranties contained herein are true, correct and complete
and that this Subscription Agreement was executed.

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              	 
      	 	 
      	 
      
	
                                      Print
      Name

                                    	 	 
      	 
      
	 
      	 	 
      	 
      
	 
      	 	 
      	 
      
	
                                      Address

                                    	 	 
      	 
      
	 
      	 	 
      	 
      
	 
      	 	 
      	 
      
	
                                      City                            State           Zip
      Code

                                    	 	 
      	 
      
	 
      	 	 
      	 
      
	 
      	 	 
      	 
      
	
                                      By:

                                    	 
      	 	
                                      By:

                                    	 
      
	 	      
                                      Signature

                                    	 	 	      
                                      Signature
      of Spouse (if
applicable)

                                    

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

    

    
      
        
          	
                  Dated:

                	 
      

        

      

    

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    (SUBMIT
WITH CHECK)

     

    Number of
Shares subscribed for: _______@ $5.00 per Share (__________ Shares
Minimum).

    
       

    

    Dollar
Amount of Shares subscribed
for:   $_________________

    

    Make
all certified or bank checks payable to: Klein Retail Centers, Inc. Escrow
Account

    

    If you
wish to execute a wire transfer, please contact Joel R Blumenschein of Freedom
Investors Corp (Dealer Manager Agent) at (877) 436-8701 for wire instructions.
NOTE: All funds, whether
by check or wire transfer, must be drawn on a United States bank for same day
and in United States funds.

    

    Print
exact name(s) in which Units are to be registered:

    

    NAME
(1):                                                                
 
         

    

    SS# or
Tax I.D.:                                                  
                 

    

    Telephone
No.:                                              
                     

    

    Email
Address:                                                                  
  

    

    NAME
(2):                                                                         
  

    

    SS# or
Tax I.D.:                                                                  
 

    

    Telephone
No.:                                                                 
  

    

    Email
Address:                                                                 
   

    

    ENTITY:                                                                              
 

    

    ADDRESS:                                                                           

    

    The
investment is to be held as follows (check one):

    (a)____Husband & Wife, as community
property

    (b)____Joint Tenants

    (c)____Tenants in Common

    (d)____Individual

    (e)____Corporation

    (f)____ Partnership

    (g)____Trust

    (h)____Other

     

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    Broker/Dealer
Information

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          	
                                  Name
      of Broker/Dealer:

                                	 
      
	
                                  Address:

                                	 
      
	 
      	 
      
	 
      	
                                  TEL:
      (      )                                       FAX:
      (      )

                                
	
                                  Registered
      Representative:

                                	 
      
	
                                  Rep.
      Address (If Different):

                                	 
      
	 
      	 
      
	
                                  Rep.
      Telephone & Fax:

                                	
                                  (      )                                           (      )

                                
	 
      	 
      

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    ACCEPTANCE
OF SUBSCRIPTION

    

    Accepted
by Klein Retail Centers, Inc., as of                                                                                                           ,
200__.

    

    
      
        
          
            	
                    By

                  	 
      
	 
      	 
      
	 
      	
                    Kenneth
      Klein, Chief Executive Officer

                  
	 
      	
                    Klein
      Retail Centers,
Inc.

                  

          

        

      

    

     

     

    THIS
SPACE INTENTIONALLY LEFT BLANK

     

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    ANTI-MONEY
LAUNDERING PROVISIONS

     

    
      
        
          
            
              
                
                  
                    	
                            The
      USA PATRIOT Act

                          	 	
                            What
      is money laundering?

                          	 	
                            How
      big is the problem and why is it important?

                          
	
                            The
      USA PATRIOT Act is designed to detect, deter, and punish terrorists in the
      United States and abroad.  The Act imposes new anti-money
      laundering requirements on brokerage firms and financial
      institutions.  Since April 24, 2002, all brokerage firms have
      been required to have new, comprehensive anti-money laundering
      programs.

                            To
      help you understand these efforts, we want to provide you with some
      information about money laundering and The Company’s steps to implement
      the USA PATRIOT Act.

                          	 	
                            Money
      laundering is the process of disguising illegally obtained money so that
      the funds appear to come from legitimate sources or
      activities.  Money laundering occurs in connection with a wide
      variety of crimes, including illegal arms sales, drug trafficking,
      robbery, fraud, racketeering, and terrorism.

                          	 	
                            The
      use of the U.S. financial system by criminals to facilitate terrorism or
      other crimes could taint The Company’s financial
      markets.  According to the U.S. State Department, one recent
      estimate puts the amount of worldwide money laundering activity at $1
      trillion a
year.

                          

                  

                

              

            

          

        

      

    

    

    
      
        	
                What
      are we required to do to eliminate money laundering?

              
	
                Under
      new rules required by the USA PATRIOT Act, The Company’s anti-money
      laundering program must designate a special compliance officer, set up
      employee training, conduct independent audits, and establish policies and
      procedures to detect and report suspicious transactions and ensure
      compliance with the new laws.

              	 	
                As
      part of The Company’s required program, we may ask you to provide various
      identification documents or other information.  Until you
      provide the information or documents we need, we may not be able to effect
      any transactions for you.

              

      

    

     

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    PATRIOT
ACT REQUIREMENTS

    

    The
Patriot Act requires us to obtain the following information from you to detect
and prevent the misuse of the world financial system.

    

    1.           In
the space provided below, please provide details of where monies were transferred
from to the Company in relation to your subscription for
Units.

    

    
      
        
          
            
              
                
                  
                    
                      
                        	
                                COUNTRY

                              	 	
                                NAME OF BANK OR

                                FINANCIAL

                                INSTITUTION

                              	 	
                                CONTACT

                                NAME/PHONE

                                NUMBER AT BANK

                                OR FINANCIAL

                                INSTITUTION

                              	 	
                                NAME OF

                                ACCOUNT

                                HOLDER

                              	 	
                                ACCOUNT

                                NUMBER

                              
	 
      	 	 
      	 	 
      	 	 
      	 	 
      
	 
      	 	 
      	 	 
      	 	 
      	 	 
      

                      

                    

                  

                

              

            

          

        

      

    

    

    If the
country from which the monies were transferred appears in the Approved Country
List below, please go to number 3.  If the country does not appear,
please go to number 2.

    

    Approved
Country List:

    

    
      
        	
                Argentina

                Australia

                Bermuda

                Belgium

                Brazil

                British
      Virgin Islands

                Canada

                Denmark

                Finland

                France

              	
                  

              	
                Germany

                Gibraltar

                Guernsey

                Hong
      Kong

                Iceland

                Ireland

                Isle
      of Man

                Italy

                Japan

                Jersey

              	
                  

              	
                Liechtenstein

                Luxembourg

                Mexico

                Netherlands

                New
      Zealand

                Norway

                Panama

                Portugal

                Singapore

              	
                  

              	
                Spain

                Switzerland

                Turkey

                United
      Kingdom

                United
      States

              

      

    

    

    2.           If
subscription monies were transferred to the Company from any country other than
on the Approved Country List (see above), please provide the following
documentation to the Company (all copies should be in English and certified as
being “true and correct copies of the original” by a notary public of the
jurisdiction of which you are resident).

    

    
      	
            	
              (a)

            	
              For
      Individuals:

            

    

    

    
      	
            	
              (i)

            	
              evidence
      of name, signature, date of birth and photographic
      identification,

            

    

    

    
      	
            	
              (ii)

            	
              evidence
      of permanent address, and

            

    

    

    
      	
               
      

            	
              (iii)

            	
              where
      possible, a reference from a bank with whom the individual maintains a
      current relationship and has maintained such relationship for at least two
      years

            

    

    

    
      	
            	
              (b)

            	
              For
      Companies:

            

    

    

    
      	
            	
              (i)

            	
              a
      copy of its certificate of incorporation and any change of name
      certificate,

            

    

    

    
      	
            	
              (ii)

            	
              a
      certificate of good standing,

            

    

    

    
      	
            	
              (iii)

            	
              a
      register or other acceptable list of directors and
    officers,

            

    

    

    
      	
               
      

            	
              (iv)

            	
              a
      properly authorized mandate of the company to subscribe in the form, for
      example, of a certified resolution which includes naming authorized
      signatories,

            

    

    

    
      	
               
      

            	
              (v)

            	
              a
      description of the nature of the business of the
  company,

            

    

     

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    
      	
               
      

            	
              (vi)

            	
              identification,
      as described above for individuals, for at least two directors and
      authorized signatories,

            

    

    

    
      	
               
      

            	
              (vii)

            	
              a
      register of members or list of shareholders holding a controlling
      interest, and

            

    

    

    
      	
               
      

            	
              (viii)

            	
              identification,
      as described above, for individuals who are beneficial owners of corporate
      shareholders which hold 10% or more of the capital share of the
      company.

            

    

    

    
      	
            	
              (c)

            	
              For Partnerships and
      Unincorporated Businesses:

            

    

    

    
      	
               
      

            	
              (i)

            	
              a
      copy of any certificate of registration and a certificate of good
      standing, if registered,

            

    

    

    
      	
               
      

            	
              (ii)

            	
              identification,
      as described above, for individuals and, where relevant, companies
      constituting a majority of the partners, owners or managers and authorized
      signatories,

            

    

    

    
      	
               
      

            	
              (iii)

            	
              a
      copy of the mandate from the partnership or business authorizing the
      subscription in the form, for example, of a certified resolution which
      includes naming authorized signatories,
and

            

    

    

    
      	
               
      

            	
              (iv)

            	
              a
      copy of constitutional documents (formation and partnership
      agreements).

            

    

    

    
      	
            	
              (d)

            	
              For
      Trustees:

            

    

    

    
      	
               
      

            	
              (i)

            	
              identification,
      as described above, for individuals or companies (as the case may be) in
      respect of the trustees,

            

    

    

    
      	
               
      

            	
              (ii)

            	
              identification,
      as described above for individuals, of beneficiaries, any person on whose
      instructions or in accordance with whose wishes the trustee/nominee is
      prepared or accustomed to act and the settlor of the trust,
      and

            

    

    

    
      	
               
      

            	
              (iii)

            	
              evidence
      of that nature of the duties or capacity of the
  trustee.

            

    

    

    3.           The
Company is also required to verify the source of funds.  To this end,
summarize the underlying source of the funds remitted to us (for example, where
subscription monies were the profits of business (and if so please specify type
of business), investment income, savings, etc.).

    

    
      
        
          
            
              	
                      Source
      of Funds

                    
	 
      
	 
      
	 
      

            

          

        

      

    

     

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    ANTI-MONEY
LAUNDERING ACT

    

    WIRING FUNDS: Due to the
Anti-Money Laundering Act, Compliance must grant approval prior to
funds being wired from any account other than National Financial Services (NFS)
or an IRA Custodial Account.  Thus, please adhere to the
following procedure:

    

    
      	
               
      

            	
              A.

            	
              Complete
      Sections 1 through 3 in the Patriot Act Requirements section above, as
      applicable, utilizing the information for the bank from which the wire
      will originate.

            

    

    

    
      	
               
      

            	
              B.

            	
              Attach
      a copy of your “Letter of Instruction” or other wire instructions showing
      your name, financial institution name (where wire will originate), account
      number, wire amount, and wire instructions (escrow agent information such
      as ABA routing number, escrow account number etc) – this must be signed
      and dated.

            

    

    

    
      	
               
      

            	
              C.

            	
              If
      monies will be wired from an account not matching the name on this
      Subscription Agreement, additional documentation is necessary (please
      contact ____________ at __________________ for
  assistance).

            

    

    

    
      	
               
      

            	
              D.

            	
              Submit
      Subscription Agreement to _______________ for processing and compliance
      approval.

            

    

    

    
      	
               
      

            	
              E.

            	
              Upon
      notification of approval from, wire
funds.

            

    

    

    
      	
               
      

            	
              F.

            	
              will
      obtain wire confirmation from escrow agent.  If wire
      confirmation does NOT show account number of wire origination, additional
      documentation will be required.

            

    

    

    
      	
              WIRING
      FUNDS IN ADVANCE OF COMPLIANCE APPROVAL IS
  PROHIBITED

            

    

    

    

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SPACE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        15

        
          

        

      

      
         

      

    

     

    
      PRIVACY
POLICY

    

    

    It is the
policy of Freedom Investors Corp. to respect the privacy of customers
(hereinafter referred to as “Subscribers”) who subscribe to transactions placed
by Freedom Investors Corp.

     

    Whether
its own brokers introduce Subscribers to the investment opportunity, or the
introduction was made through Selling Agents, non-public personal information is
protected by Freedom Investors Corp.

     

    Freedom
Investors Corp. does not disclose any nonpublic personal information about
Subscribers to anyone, except as required or permitted by law and to effect,
administer, or enforce transactions requested by Subscribers in the ordinary
processing, servicing or maintaining their accounts. Furthermore, Freedom
Investors Corporation does not reserve the right to disclose Subscriber’s
nonpublic personal information in the future without first notifying the
Subscriber of a change in privacy policy and providing a convenient opportunity
for Subscriber to opt out of information sharing with nonaffiliated third
parties.

     

    Under the
USA PATRIOT Act of 2001 (Public Law 107-56)(together with all rules and
regulations promulgated hereunder, the “Patriot Act”), and/or your broker may be
required or requested to disclose to one or more regulatory and/or law
enforcement bodies certain information regarding transactions relating to your
account involving transactions with foreign entitles and individuals, other
transactions in your account as required in the Patriot Act and other activities
described in the Patriot Act as “suspicious activities.” Neither nor your broker
shall have any obligation to advise you of any such disclosures or reports made
in compliance with the Patriot Act.

    
 

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SPACE INTENTIONALLY LEFT BLANK]

     

    
      
         

      

      
        16

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