Document:

Exhibit
10.1

 

PURCHASE AND SALE
AGREEMENT

 

This PURCHASE AND SALE AGREEMENT
(“Agreement”), dated this
1st day of January, 2019 (“Execution Date”),
is entered into by and between Wyatt Petroleum LLC, and Wyatt
Permian, LLC, whose address is 24 Greenway, Suite 600, Houston, TX
77046 (collectively “Seller”) and Amazing Energy, LLC,
whose address is 5700 W. Plano Parkway, Suite 3600, Plano, Texas
75093 (“Buyer”). Seller and Buyer may be referred to
individually as a “Party” or collectively as
the “Parties.”

 

In
consideration of the mutual promises contained herein and other
good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, Buyer and Sellers agree as
follows:

 

Article I

PURCHASE AND SALE

 

1.1          Agreement
to Sell and Buy. Subject to assignments and
conveyances of record in Lea County, NM, and subject to and
conditioned upon obtaining the consent to this transaction by the
parties to that one certain Devon-Nemo Group Exploration Agreement
as required in Section 13 thereof, which the Parties agree has been
provided by Seller, each Seller agrees to sell and assign to Buyer,
and Buyer agrees to purchase, pay for and receive from Sellers, the
Assets as defined below.

 

1.2
         Assets. The “Assets” are all of
each Seller’s right, title, and interest in and to the
following:

 

(a)          The
estates and mineral rights created by the oil and gas leases,
leaseholds and mineral estates (the “Leases”),
described in Exhibit
“A”, and all oil, gas, water disposal and other
wells located on the Leases or on lands pooled therewith (the
“Wells”), including, but not limited to, the wells set
forth in Exhibit
“A-l”, together with all of Seller’s
interest in the rights and appurtenances incident thereto located
in Lea County, NM.

 

(b)          All
of Seller’s rights in, to, and under, and all obligations,
liabilities, claims arising on or after the Closing Date, from, all
agreements relating to the Leases or Wells, including, but not
limited to, joint operating agreements, unitization agreements,
pooling agreements, farmout agreements, drilling agreements,
exploration agreements, oil or gas product purchase and sale
contracts, gas processing or transportation agreements, leases,
permits, rights-of-way, easements, licenses, options, orders and
decisions of state and federal regulatory authorities establishing
units which appear of record or in the records which have otherwise
been disclosed to Buyer.

 

(c)          All
of Seller’s interest the oil and gas wells, including well
bores, pump jacks and motors, surface facilities, such as tanks and
pumps, salt water disposal, fixtures, personal property, facilities
and equipment, used or held for use or charged to the Leases or
Wells for production, treatment, transportation, sale or disposal
of hydrocarbons or water produced therefrom or attributable thereto
and further described on the attached spread sheet and photographs
collectively marked as Exhibits
“B1” and “B2” (the
“Wells”), and all equipment associated with the Wells
as of the Closing Date.

 1

 

 

(d)          The
rights, to the extent transferable, in and to all existing and
effective unitization, pooling agreements, declarations and orders,
if any, to the extent that they relate to or affect any of the
interests described in Exhibit
“A” or the post-Effective Time production of
Hydrocarbons, if any, from the Leases and
Lands.

 

(e)          The
rights, to the extent transferable, in and to the electronic and
hard copy well files, accounting files, third party subscriptions,
contracts, agreements, and instruments described in Exhibit “C” and subrogation
of all legal claims of Seller therein. Sellers shall provide Buyer
with all electronic and hard copy Title Opinions, if any, land
files, agreements, geologic files, well files, seismic files and
materials, all facilities and equipment owned by Seller and located
on the Exhibit
“A” lands.

 

(f)          The
files, records, Division Orders, data and information relating to
the items described in Exhibits
“A” and “A-1” maintained by each
Seller (the “Records”).

 

(g)          All
asset, leasehold, and real property owned by Seller in Lea County,
NewMexico.

 

1.3          Effective
Time. The purchase and sale of the Assets shall be
effective as of January 1, 2019 at 7:00 a.m. local time (the
“Effective Time”),
however the Closing Date shall be as set forth in Section 6.1
below, at the offices of the Seller.

 

1.4          Purchase
Price. Subject to the terms and conditions of this
Agreement, the purchase price for the Assets is Two Million U.S.
Dollars ($2,000,000.00) (the “Purchase Price”). The
Purchase Price is payable at closing as follows: Execution of a
Promissory Note payable to Sellers in the amount of One Million
Nine Hundred Thousand U.S. Dollars ($ 1,900,00.00). All future cash
payments by Buyer shall be made in cash or by wire transfer to a
bank designated by Seller. Concurrent with execution of this
agreement and the Deposit Option Agreement executed on October 12,
2018, Buyer delivered to Seller a non-refundable deposit of One
Hundred Thousand U.S. Dollars ($100,000.00) (the “Deposit”), made payable to
Wyatt Permian, LLC, in cash or by wire transfer to a bank
designated by Seller to be held by Seller till Closing Date without
interest. The Deposit shall
be applied to the payment of the Purchase Price at closing. In the event
Buyer is not able to comply with the obligation to execute the
Promissory Note at closing, the Deposit shall be retained by
Seller.

 

1.5          Broker:The
parties each acknowledge that there are no obligations to any
broker in this transaction.

 

Article II

Buyer’s Inspection;
Disclaimers

 

2.1          Records.
Access to Records.
Within five (5) days of the Execution Date, Seller will provide to
Buyer electronic copies of the Records, or to the extent that
electronic copies are not available and not feasible to obtain,
Seller shall make available to Buyer and its representatives, at
Seller’s offices, such Records for inspection and review
during normal business hours to allow Buyer and its representatives
to perform Buyer’s due diligence review.

 

 2

 

 

Article III

Title and
Disclaimers

 

3.1          SELLER
MAKES NO WARRANTY OR REPRESENTATION OF TITLE. EXPRESS. IMPLIED OR
STATUTORY AS TO THE CONDITION, QUANTITY, QUALITY, MERCHANTABILITY.
FITNESS FOR A PARTICULAR PURPOSE OR ANY PURPOSE. SAFETY. FREEDOM
FROM DEFECTS OR COMPLIANCE WITH REGULATORY AND ENVIRONMENTAL
REQUIREMENTS OF ANY OF THE LANDS. WELLS. FACILITIES. PIPELINES.
FLOWLINES OR EQUIPMENT. FURTHERMORE. BUYER ACCEPTS THE WELLS.
FACILITIES. PIPELINES. FLOWLINES AND EQUIPMENT “AS IS”,
“WHERE IS”, AND “WITH ALL FAULTS” AND BUYER
HEREBY RELEASES SELLER FROM ANY AND ALL LIABILITY FOR LOSS ARISING
FROM USE OF THE LANDS. WELLS. FACILITIES, PIPELINES. FLOWLINES OR
EQUIPMENT PERTAINING TO THE ASSETS TO BE ASSIGNED. SELLER AND BUYER
DO NOT IN ANY WAY REPRESENT OR WARRANT THE ACCURACY OR COMPLETENESS
OF ANY INFORMATION. DATA OR OTHER MATERIALS (WRITTEN OR ORAL)
FURNISHED TO THE OTHER BY OR ON BEHALF OF SELLER OR BUYER. THE
PARTIES AGREE THAT. TO THE EXTENT REQUIRED BY APPLICABLE LAW TO BE
EFFECTIVE. THE DISCLAIMERS OF WARRANTIES CONTAINED IN THIS SECTION
ARE “CONSPICUOUS” DISCLAIMERS. BUYER ACKNOWLEDGES THAT
IT IS FAMILIAR WITH THE TITLES IN THE
AREA.

 

3.2          SELLER
EXPRESSLY DISCLAIMS ANY WARRANTY AS TO THE CONDITION OF ANY
PERSONAL PROPERTY. FIXTURES AND ITEMS OF MOVABLE PROPERTY
COMPRISING ANY PART OF THE ASSETS INCLUDING (A) ANY IMPLIED OR
EXPRESS WARRANTY OF MERCHANTABILITY, (B) ANY IMPLIED OR EXPRESS
WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE. (C) ANY IMPLIED OR
EXPRESS WARRANTY OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS.
(D) ANY RIGHTS OF BUYER UNDER THE APPLICABLE STATUTES TO CLAIM
DIMINUTION OF CONSIDERATION. AND (E) ANY CLAIM BY BUYER FOR DAMAGES
BECAUSE OF DEFECTS. WHETHER KNOWN OR UNKNOWN. IT BEING EXPRESSLY
UNDERSTOOD BY BUYER THAT THE PERSONAL PROPERTY. FIXTURES AND ITEMS
ARE BEING ASSIGNED TO BUYER AS IS. WHERE IS, WITH ALL FAULTS. AND
IN THEIR PRESENT CONDITION AND STATE OF REPAIR AND THAT BUYER HAS
MADE OR CAUSED TO BE MADE SUCH INSPECTIONS AS BUYER DEEMS
APPROPRIATE.

 

  3

 

 

Article IV

Seller’ Representations

 

4.1         Seller,
represents and warrants to Buyer the following and not
otherwise:

 

(a)          Power
and Authority. Such Seller has the requisite power and
authority to execute and deliver this Agreement and perform its
obligations under this Agreement and that the person executing all
the documents for Seller is duly authorized to execute such
documents.

 

Article V

Buyer’s
Representations

 

5.1         Buyer
represents and warrants to Sellers the
following:

 

(a)          Existence.
Buyer is a corporation duly organized, validly existing and in good
standing under the laws of the State of Nevada, and is duly
qualified to do business as a foreign corporation in the state(s)
where the Assets are located, except where the failure to so
qualify would not have a material adverse effect on Buyer or its
properties.

 

(b)          Power.
Buyer has the corporate power to enter into and perform this
Agreement and the transactions contemplated by this Agreement.
Subject to preferential purchase rights and restrictions on
assignment of the type generally found in the oil and gas industry,
and to rights to consent by, required notices to, and filings with
or other actions by governmental entities where the same are
customarily obtained subsequent to the assignment of oil and gas
interests, the execution, delivery and performance of this
Agreement by Buyer, and the transactions contemplated by this
Agreement, will not violate (a) any provision of the certificate of
incorporation or bylaws of Buyer, (b) any material agreement or
instrument to which Buyer is a party or by which Buyer or any of
the Assets are bound, (c) any judgment, order, ruling, or decree
applicable to Buyer as a party in interest, or (d) any law, rule or
regulation applicable to Buyer relating to the Assets other than a
violation which would not have a material adverse effect on
Buyer.

 

(c)          Authorization
and Enforceability. The execution, delivery and performance
of this Agreement, and the transaction contemplated hereby, have
been duly and validly authorized by all necessary action on the
part of Buyer. This Agreement constitutes the valid and binding
obligation of Buyer, enforceable in accordance with its terms
except as such enforceability may be limited by applicable
bankruptcy or other similar laws affecting the rights and remedies
of creditors generally as well as to general principles of equity
(regardless of whether such enforceability is considered in a
proceeding in equity or at law).

 

(d)          Liability
for Broker’s Fees. Seller shall not directly or
indirectly incur any liability or expense, as a result of
undertakings or agreements of Buyer, for brokerage fees,
finder’s fees, agent’s commissions or other similar
forms of compensation in connection with this Agreement or any
agreement or transaction contemplated hereby.

 

  4

 

 

(e)          Distribution.
Buyer is an experienced and knowledgeable investor in the oil, gas
and mineral resources industry that has previously expended
substantial amounts in the acquisition and development of oil and
gas properties. Prior to entering into this Agreement. Buyer has
been advised by its counsel and such other persons as it has deemed
appropriate concerning this Agreement. The Assets to be acquired by
Buyer pursuant to this Agreement are being acquired by Buyer for
its own account, for investment and not with a view to distribution
or resale within the meaning of the Securities Act of 1933, as
amended, or any other applicable securities law, rule, regulation
or order.

 

(f)          Claims
and Litigation. To the actual knowledge of Buyer, there are
no claims, actions, suits, or proceedings pending or threatened
against Buyer which, if determined adversely to Buyer, would
materially and adversely affect Buyer’s ability to perform
its obligations under this Agreement.

 

Article VI

Closing

 

6.1          Date
of Closing. The “Closing” of this
transaction, but not the Closing Date defined in paragraph 6.3 (d)
below, shall, unless otherwise agreed to in writing by the Buyer
and Sellers, be held in Seller’s office in Houston, Harris
County, Texas on January 16, 2019.

 

6.2          Execution
Date Obligation: The Parties shall execute this
agreement and any other documents necessary for the Parties to be
bound to the obligations set forth herein.

 

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

 

(a)          Seller
shall execute, acknowledge and deliver to Buyer, (i) an Assignment,
and Bill of Sale in the form attached as Exhibit “D”,
and (ii) any applicable forms of any federal, state and local
governmental authorities, assigning the Assets being sold by Seller
to Buyer, if any, as of the Effective Time, with no warranty of
title.

 

(b)

 

(c)          Buyer
shall deliver an executed Promissory Note for $ 1,900,000,
representing the remaining portion of the Purchase Price in a form as required by
Seller.

 

(d)          Seller
and Buyer shall take such other actions and deliver such other
documents as are contemplated by this
Agreement.

 

(e)          Notwithstanding
anything herein to the contrary, Seller and Buyer agree that Seller
shall be entitled to receive any revenue from any oil and gas sold
prior to the Effective Date of this Agreement and that Buyer shall
be entitled to receive any revenue from oil and gas which might
have been produced, but not sold, prior to the close of business on
December 31, 2018.

   5

 

 

Article VII

Post-Closing
Obligations

 

7.1          Records.
Seller agrees to make the Records available to Buyer as soon as is
reasonably practical, but in any event on or before the latter of
10 Business Days after the Closing.

 

7.2          Further
Assurances. From time to time after Closing, each
Seller and Buyer shall each execute, acknowledge and deliver to the
other such further instruments and take such other action as may be
reasonably requested in order to accomplish more effectively the
purposes of this transaction.

 

Article VIII

Liability and
Indemnity

 

8.1          Assumption
of Assets Upon Closing. Upon Closing, Buyer shall
assume and pay, perform, fulfill and discharge all claims, costs,
expenses, liabilities and obligations relating to the possession,
ownership or operation of the Assets arising on or after the
Effective Time, including but not limited to, all plugging and
abandonment obligations and, surface restoration obligations and
reporting to the applicable New Mexico regulatory agency
(collectively, the “Assumed
Liabilities”). This indemnity obligation shall
survive the Closing Date indefinitely. Additionally, Buyer agrees
to assume and pay all property, and any ad valorem taxes for the
year 2018, and no proration for such year shall be applicable. All
asset, leasehold, and real property owned by Seller in Lea County,
New Mexico.

 

8.2          Indemnity.
BUYER EXPRESSLY AGREES TO ASSUME ANY AND ALL LIABILITY AND
RESPONSIBILITIES FOR ALL PLUGGING OBLIGATIONS REGARDING THE WELLS
ARISING BEFORE, ON, OR AFTER THE EFFECTIVE TIME. SELLER KNOWS OF NO
EXISTING OR ASSERTED REGULATORY ACTIONS OR CLAIMS RELATING TO ANY
ENVIRONMENTAL VIOLATION OR UNCORRECTED RELEASES, THEREFORE BUYER
SHALL ASSUME ALL RESPONSIBILITY AND LIABILITIES FOR ANY
ENVIRONMENTAL CLAIMS OR REMEDIATION REQUIREMENTS ARISING FROM THE
OPERATIONS OF THE ASSIGNED ASSETS BEFORE, ON, AND AFTER THE CLOSING
DATE. Buyer, therefore
agrees to indemnify and hold Seller harmless for any and all
plugging liabilities, claims, including environmental, causes of
action, suits and judgments for injury to persons, including death,
property damages and ad valorem taxes arising out of or resulting
from Buyer’s possession, use and operations of the Assets
before, on, and after the Effective
Date.

   6

 

 

Article IX

Miscellaneous

 

9.1          Expenses.
Except as otherwise specifically provided, all fees, costs and
expenses incurred by Buyer or Sellers in negotiating this Agreement
or in consummating the transactions contemplated by this Agreement
shall be paid by the Party incurring the same.

 

9.2          Notices.
All notices under this Agreement shall be by either e-mail or in
writing and addressed as set forth below:

 

If to
Buyer:

 

Amazing Energy, LLC 

5700 W. Plano Parkway, Suite
3600 

Plano, TX 75093 

Attn: Willard G. McAndrew
III

Telephone: Cell: (214) 906-3073 / Office: (214)
233-1244

e-mail: Will@amazingenergy.com

 

If to
Wyatt:

 

Wyatt Petroleum, LLC

24
Green way, Suite 600

Houston, TX 77046

Attention: M. L. Vines

Telephone: (713) 877-7106

e-mail: mlvines@ymail.com

 

With a Copy to:

 

Don C. Nelson

24
Greenway Plaza, Suite 606

Houston, TX 77046

Telephone: (713) 877-7171

e-mail:
don.nelson@lawdcn.com

 

Any Party may, by e-mail or written notice so
delivered to the other Parties, change the address or individual to
which delivery shall thereafter be made.

 

9.3          Amendments.
This Agreement may not be amended nor any rights hereunder waived
except by an instrument in writing signed by all
Parties.

 

9.4          Governing
Law. This Agreement and the transactions contemplated
hereby and any arbitration or dispute resolution conducted pursuant
hereto shall be construed in accordance with, and governed by, the
laws of the State of Texas.

 

9.5          Entire
Agreement. This Agreement represents the entire
understanding and agreement between the parties with respect to the
subject matter addressed herein and entirely and completely
supersedes, voids and replaces all agreements, negotiations,
understandings and representations (whether written or oral) in
existence between the parties as of the Effective Date and relating
to the same subject matter.

 

9.6          Binding
Effect. This Agreement shall inure to the benefit of,
the Parties hereto, and their respective successors and
assigns.

 7

 

 

9.7          Disclaimer
of Representations and Warranties. The Parties hereto
each disclaim all liability and responsibility for any other
representation, warranty, statements or communications (orally or
in writing) to any other Party wherever and however made,
including, but not limited to, those made during any negotiations.
Without limiting the generality of the foregoing, none of the
Parties makes any representation or warranty as to (a) the amount,
value, quality or deliverability of petroleum, natural gas or other
reserves attributable to the Assets or (b) any geological,
engineering or other interpretations of economic valuation. The
Assets are sold without any warranty, express, implied or
statutory. All tangible personal
property included in the Assets is sold “AS IS, WHERE
IS,” and “WITH ALL FAULTS” and each Seller MAKES
NO REPRESENTATION OR WARRANTY, EXPRESS, STATUTORY OR IMPLIED, AND
DISCLAIMS ANY REPRESENTATION OR WARRANTY, WHETHER EXPRESS OR
IMPLIED, AND WHETHER BY COMMON LAW, STATUTE, OR OTHERWISE, AS TO
(i) MERCHANTABILITY, (ii) FITNESS FOR ANY PARTICULAR PURPOSE, (iii)
CONFORMITY TO MODELS OR SAMPLES OF MATERIALS AND (iv) CONDITION,
(v) THE PRESENCE, QUALITY, QUANTITY AND RECOVERABILITY OF
HYDROCARBON RESERVES (IF ANY) ATTRIBUTABLE TO THE ASSETS ASSIGNED,
(vi) THE ABILITY OF THE TRANSFERRED ASSETS TO PRODUCE HYDROCARBONS,
INCLUDING WITHOUT LIMITATION PRODUCTION RATES, DECLINE RATES AND
RECOMPLETION OPPORTUNITIES, (vii) GEOLOGIC OR GEOPHYSICAL
CHARACTERISTICS OR INTERPRETATIONS, (viii) THE PRESENT OR FUTURE
VALUE OF THE ANTICIPATED INCOME, COSTS OR PROFITS, IF ANY TO BE
DERIVED FROM THE TRANSFERRED ASSETS, (ix) THE COMPLETENESS OR
ACCURACY OF THE INFORMATION CONTAINED IN THE FILES, DATA OR RECORDS
OF SELLER. ANY DATA, INFORMATION OR OTHER RECORDS FURNISHED BY
SELLER OR ANY REPRESENTATIVE OF SELLER ARE PROVIDED TO BUYER AS A
CONVENIENCE AND BUYER’S RELIANCE ON OR USE OF THE SAME IS AT
BUYER’S SOLE RISK. THE PARTIES AGREE THAT THE PRECEDING
DISCLAIMERS OF WARRANTY ARE “CONSPICUOUS” DISCLAIMERS
FOR PURPOSES OF ANY APPLICABLE LAW, RULE OR
ORDER.

 

9.8          Any
amounts and/or debts which are due and owing to Seller/Assignor
(Wyatt Petroleum, LLC and/or Wyatt Permian, LLC) prior to the
effective date of this Agreement, whether now known or unknown, by
co-working interest owners, joint operators, non-participating
working interest owners, or any party who owes monies or debt to
Seller/Assignor with respect to any of the properties and/or
operations of the properties assigned under this Agreement, whether
known or not known on the Effective Date, shall remain owed to
Seller and are not assigned by this Agreement. Additionally, any
rights or causes of action that are held by Seller with respect to
any of the properties and/or operations of the properties conveyed
under this Agreement, whether now known or unknown, remain with
Seller and are not intended to be assigned by this Agreement.
Any amounts and/or debts which are
due and owing by Seller/Assignor (Wyatt Petroleum, LLC and/or Wyatt
Permian, LLC) prior to the Effective Date of this Agreement,
whether now known or unknown (with the exception of any liability
or costs associated with plugging any of the wells that are being
transferred by Assignor to Assignee pursuant to this Agreement),
shall remain owed by Seller and are not assigned by this Agreement.
Assignee shall be responsible for the payment of all costs and
expenses incurred subsequent to December 31,
2018.

 8

 

 

9.9          THIS
AGREEMENT REPRESENTS THE ENTIRE UNDERSTANDING AND AGREEMENT BETWEEN
THE PARTIES WITH RESPECT TO THE SUBJECT MATTER ADDRESSED HEREIN AND
ENTIRELY AND COMPLETELY SUPERSEDES, VOIDS AND REPLACES ALL
AGREEMENTS, NEGOTIATIONS, UNDERSTANDINGS AND REPRESENTATIONS
(WHETHER WRITTEN OR ORAL) IN EXISTENCE BETWEEN THE PARTIES AS OF
THE EFFECTIVE DATE AND RELATING TO THE SAME SUBJECT
MATTER.

 

[Signature Page
follows]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 9

 

 

The Parties have executed this Agreement as of the Execution Date
to be effective as

of the Effective Time.

 

	
 

	

SELLER

	
 

	
 

	
 

	
WYATT
PETROLEUM, LLC AND

WYATT PERMIAN, LLC

	
 

	
 

	
 

	
By:

	

	
 

	
Name: 

	
Billy
C. Wells

	
 

	
 

	
Member
— Management Committee

	
 

	
 

	
 

	
 

	

BUYER

	
 

	
 

	
 

	
AMAZING
ENERGY, LLC

	
 

	
 

	
 

	
 

	
By:

	

	
 

	
Name:

	
Willard
G. McAndrew III

	
 

	
Title:

	
President

 

	
STATE
OF
TEXAS                 §
 

	
COUNTY
OF
HARRIS           §

 

Before
me, the undersigned authority, on this 28th day of January,
2019, personally appeared Billy C. Wells, known to me to be a
Member of the Management Committee of Wyatt Petroleum, LLC and
Wyatt Permian, LLC, and upon his oath stated he executed the
instrument for and on behalf of the companies.

 

 

	
 

	
 

	

	
 

	
 

	
Notary Public for the State of
Texas

 

	
STATE
OF
TEXAS                 §
 

	
COUNTY
OF
HARRIS           §

 

	
 

	
 

	

 

Before
me, the undersigned authority, on this 23rd day of January,
2019, personally appeared Willard G. McAndrew, who demonstrated
that he is the duly elected President of Amazing Energy, LLC and
upon his oath stated that he executed the document as the act and
deed of the company.

 

 

	
 

	
 

	
 

	
Notary Public for the State of Texas

Commission Expires 5/24/20

 

Signature Page to

Purchase and Sale Agreement

 10

 

 

Exhibit
A

 

Wyatt
Permian Active State Leases (from NM SLO Data Portal)

Lea
County, NM

 

	

Lease Number

	

Status

	

Mineral Type

	

TWSP/RG

	

Section

	

Description

	

Gross Acres

	
VO-9751-0002

	
Active

	
State

	
9S
37E

	
32

	
 

	
80.0

	
VO-9725-0002

	
Active

	
State

	
10S
36E

	
12

	
 

	
320.0

	
VO-9732-0002

	
Active

	
State

	
10S
36E

	
12

	
 

	
320.0

	
VO-9648-0002

	
Active

	
State

	
10S
36E

	
13

	
NW/4

	
160.0

	
VO-9909-0001

	
Active

	
State

	
10S
36E

	
25

	
SW/4

	
160.0

	
VO-9901-0001

	
Active

	
State

	
10S
36E

	
27

	
S/2

	
320.0

	
VO-9910-0001

	
Active

	
State

	
10S
36E

	
36

	
 

	
320.0

	
VO-9938-0001

	
Active

	
State

	
10S
36E

	
36

	
 

	
320.0

	
VO-9902-0001

	
Active

	
State

	
10S
37E

	
1

	
 

	
320.1

	
VO-9939-0001

	
Active

	
Slate

	
10S
37E

	
1

	
 

	
320.0

	
VO-9911-0001

	
Active

	
State

	
10S
37E

	
2

	
 

	
320.2

	
VO-9940-0001

	
Active

	
State

	
10S
37E

	
2

	
 

	
320.2

	
VO-9726-0002

	
Active

	
Slate

	
10S
37E

	
3

	
 

	
320.0

	
VO-9733-0002

	
Active

	
State

	
10S
37E

	
3

	
 

	
320.0

	
VO-9903-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
320.1

	
VO-9912-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
80.0

	
VB-2614-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
80.5

	
VO-9727-0002

	
Active

	
State

	
10S
37E

	
6

	
 

	
317.2

	
VO-9734-0002

	
Active

	
State

	
10S
37E

	
6

	
 

	
320.2

	
LO-6540-0003

	
Active

	
State

	
10S
37E

	
7

	
 

	
160.0

	
VO-9649-0002

	
Active

	
State

	
10S
37E

	
7

	
 

	
159.2

	
VB-2608-0001

	
Active

	
State

	
10S
37E

	
8

	
 

	
80.0

	
VB-2615-0001

	
Active

	
State

	
10S
37E

	
8

	
 

	
80.5

	
VO-9913-0001

	
Active

	
State

	
10S
37E

	
9

	
 

	
80.0

	
VO-9767-0002

	
Active

	
State

	
10S
37E

	
10

	
 

	
160.0

	
VO-9904-0001

	
Active

	
State

	
10S
37E

	
17

	
 

	
320.1

	
VO-9914-0001

	
Active

	
State

	
10S
37E

	
17

	
 

	
160.0

	
LO-6428-0003

	
Active

	
State

	
10S
37E

	
18

	
 

	
479.3

	
VO-9915-0001

	
Active

	
State

	
10S
37E

	
19

	
 

	
159.9

	
VO-9942-0001

	
Active

	
State

	
10S
37E

	
30

	
 

	
320.0

	
VO-9916-0001

	
Active

	
State

	
10S
37E

	
30

	
 

	
319.8

	
VO-9906-0001

	
Active

	
State

	
11S
37E

	
1

	
 

	
73.4

	
VO-9835-0002

	
Active

	
Slate

	
11S
37E

	
5

	
 

	
390.5

 

33 active leases

 

 

 

 

EXHIBIT A-1

 

Wyatt
Petroleum Well Data

Lea
County, NM

 

	

Area

	

Well
Identification

	

Well

	

 

	

Depth

	

Lateral

	

County

	

Pool

	

API
Number

	

Well

	

Lease

	

Operator*

	

Class

	

Reservoir

	

MD

	

Length
(mi.)

	

LEA

	

CROSSROADS EAST

	

30025426700000

	

1H

	

MAXWELL

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,607

	

1.0

	

LEA

	

CROSSROADS EAST

	

30025427260100

	

4H

	

WILLIAM STATE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,490

	

0.9

	

LEA

	

CROSSROADS EAST

	

30025434980000

	

103H

	

LARRY SAN ANDRES UNIT 18

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,950

	

1.0

	

LEA

	

DICKENSON (sic)

	

30025434990000

	

104H

	

MOE SAN ANDRES UNIT 35

	

WYATT PERMIAN

	

AT-TD

	

SAN ANDRES

	

9,873

	

1.0

	

LEA

	

DICKINSON

	

30025248090000

	

1

	

SANTAFE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

10,800

	

 

	

LEA

	

DICKINSON

	

30025256690000

	

4

	

SANTA FE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

5,000

	

 

	

LEA

	

DICKINSON

	

30025252410000

	

2

	

SANTA FE

	

WYATT PERMIAN

	

SWD

	

SAN ANDRES

	

5,085

	

 

	

LEA

	

CROSSROADS EAST

	

30025275110000

	

1

	

STATE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

5,100

	

 

	

LEA

	

CROSSROADS

	

30025347650000

	

1

	

BOBBY FEE

	

WYATT PERMIAN

	

SWD

	

DEVONIAN

	

12,288

	

 

	

LEA

	

CROSSROADS SE

	

30025342360000

	

1

	

LEWIS FEE

	

WYATT PERMIAN

	

SWD

	

DEVONIAN

	

12,505

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

n=10 wells

 

 

 

 

Exhibit
B1

 

Inventory
of Field Equipment and Facilities

Lea
County, NM

 

	

Well
Identification

	

 

	

 

	

Section

	

well

	

Lease

	

Description:

	

7

	

1

	

STATE

	

Pumpjack (Morgan 160) w/20 HP electric motor, chemical drums, (2)
210 BBL steel oil tanks, (2) 210 BBL fiberglass water tank,
4’ x 20’ gun barrel, water transfer pump, circulating
pump

	
 

	
 

	
 

	
 

	

12

	

004H

	

WILLIAMS STATE

	

Pumpjack (Lufkin IRO Marc 640) w/electric motor, (2) 500 BBL
fiberglass water tanks, (2) 500 BBL steel oil tanks, 12’ x
20’ gun barrel, fluid to gas separator: water transfer pump,
oil circulating pump, chemical drum, meter run with Scada; large
frac water pit, (7) 8” rods and (2) 1 1/4” fiberglass
rods on site

	
 

	
 

	
 

	
 

	

24

	

001H

	

MAXWELL

	

This location also serves as a central saltwater gathering
facility; Pumpjack (Lufkin 640 Marc) w/60 or 75 HP electric motor,
(2) 500 BBL steel oil tanks, (3) 500 BBL water tanks, (1) 750 BBL
steel gun barrel; water transfer pump, oil circulating pump, fluid
to gas separator; chemical drums, there are 8 1/4” fiberglass
rods and stubs on location; dual transformers are fenced with
pipe

	
 

	
 

	
 

	
 

	

31

	

1

	

LEWIS FEE

	

Normal wellhead for injector; wellhead fenced with steel
pipe

	
 

	
 

	
 

	
 

	

25

	

1

	

BOBBY FEE

	

Normal wellhead for injector; wellhead fenced with steel
pipe

	
 

	
 

	
 

	
 

	

18

	

103H

	

LARRY SA UNIT

	

Pumpjack (Lufkin 640 Marc) w/75 HP electric motor, (2) 500 BBL
water tanks, (2) 500 BBL steel oil tanks, 10’ x 20’ gun
barrel, water transfer pump, circulating pump, chemical drums, 11
3/4” rod stubs are on site; dual transformers are fenced with
pipe

	
 

	
 

	
 

	
 

	

35

	

104H

	

MOE SA UNIT

	

Pumpjack (640 Abscot) w/50HP electric motor, dual transformers are
fenced with pipe

	
 

	
 

	
 

	
 

	

35

	

1

	

SANTA FE

	

American pumpjack w/electric motor, chemical drum, additional steel
and fiberglass pipe on location;

	
 

	
 

	
 

	
 

	

35

	

4

	

SANTA FE

	

Pump jack w/electric motor, chemical drum

	
 

	
 

	
 

	
 

	

35

	

FACILITY

	

MOE/SANTA FE

	

Central tank battery for the Santa Fe 1 and 4 and the Moe 104H
wells; Santa Fe = (2) 4’ x 20’ gun barrels, (2) 500 BBL
fiberglass water tanks (1 for SF-1, 1 for SF-4 and Moe), (4) 500
BBL steel oil tanks (1 for SF-1, 1 for SF-4, and 2 for Moe), SWD
disposal pump (SF-2); Moe = (1) 10’ x 20’ gun barrel,
heater treater, meter run with scada, circulating pump, water
transfer pump, water disposal pump

	
 

	
 

	
 

	
 

	

35

	

2

	

SANTA FE

	

This the SWD well for Santa Fe 1 and 4; there is no surface
equipment or facilities on site

	
 

	
 

	
 

	
 

	

3

	

103H

	

CURLY SA UNIT

	

large caliche pad with concrete cellar, approx. 1.5 mi. of location
road already built

 

 

 

Exhibit
B2

 

Inventory
of Field Equipment and Facilities

Lea County, NM

State
7-1 pumpjack and tank battery

 

 

 

Williams
12-004H pumpjack and tank battery

 

 

 

Maxwell
24-001H pumpjack and tank battery

 

 

 

Bobby
Fee 25-1 and Lewis Fee 31-1 surface locations

 

 

 

Larry
18 103H tank battery and pumpjack

 

 

 

Moe
35 104H pumpjack and transformers

 

 

 

Santa
Fe 35-1 and 35-4 pumpjacks; Santa Fe and Moe tank
battery

 

 

 

Santa
Fe 35-2 wellhead and Curly location w/cellar

 

 

 

Exhibit
C

 

West
Sawyer Contracts and Agreements

Lea
County, NM

 

	

Entities

	

Type of
Agreement

	

lands
Covered

	

Date

	

Party 1

	

Party 2

	

 

	

Township and
Range

	

Section

	

Effective

	

Tamaroa, Petroven, Golden

	

Nemo Fund 1, Nautilus Energy, LLC

	

Exploration Agreement

(Stipulation of Interest &
Cross-Conveyance)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/5/2014

	

Devon

	

Nemo Fund I, Tamaroa, Petroven, Golden

	

Exploration Agreement

(Stipulation of Interest &
Cross-Conveyance)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/1/2015

	

Devon

	

Nemo Fund I, Tamaroa, Petroven, Golden

	

Exploration Agreement

(Joint Venture)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/1/2015

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Willioms State
12-004H)

	

10S 36E

	

12

	

8/1/2015

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Maxwell 24-001H)

	

10S 36E

	

24

	

1/4/2016

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Moe 35 104H)

	

10S 36E

	

35

	

12/1/2016

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Larry 18 103H)

	

10S 37E

	

18

	

12/1/2016

	

Williams Ranch

	

Nemo Fund I

	

Surface Use Agreement, SWD Addendum

(Williams State
12-004H)

	

10S 36E

	

12

	

8/18/2015

	

Slash Z Land and
Cattle

	

Nemo Fund I

	

Surface Use Agreement

	

10S 36E, 10S 37E

	

various

	

1/1/2016

	

Harton Ranch

	

Nemo Fund I

	

Surface Use Agreement

	

10S 37E

	

3, 4, 5

	

12/21/2016Exhibit 10.2

 

ASSIGNMENT AND BILL OF
SALE

 

	
STATE OF
TEXAS

	
 

	
§

	
 

	
 

	
§

	
COUNTY OF
HARRIS

	
 

	
§

 

For
and in consideration of the sum of One Hundred Dollars ($100.00)
and other good and valuable consideration, the receipt, adequacy,
and sufficiency of which are hereby acknowledged, Wyatt Petroleum,
LLC (formerly Nautilus Energy, LLC) and Wyatt Permian, LLC
(formally Nemo Fund I, LLC) (collectively herein
“Assignor”) whose address is 24 Greenway Plaza, Suite
600, Houston, Texas 77046, does hereby SELL, TRANSFER, AND ASSIGN unto AMAZING
ENERGY, LLC, whose address is 5700 W. Plano Parkway, Suite 3600,
Plano, TX 75093 (“Assignee”), effective as of January
1, 2019 (the “Effective
Date”), at 7:01 a.m., Central Time (the “Effective Time”), subject
to the terms and conditions herein and as set forth in the Purchase
and Sale Agreement between the parties, all of Assignors right,
title and interest in and to all of the following assets,
properties, leasehold, wells, facilities, equipment, agreements
being referred to herein and located in Lea County, New Mexico,
(collectively the “Assets”):

 

(a)             
Subject to any conveyance of overriding royalty interest of record
in Lea County, NM, as of the Effective Time and the terms hereof,
all of Assignor’s right, title and interest in the oil, gas
and/or other minerals leases and leasehold estates acquired by
Seller in any Assignment of Oil and Gas Leases, Assignment and Bill
of Sale, Exploration Agreements, Stipulation of Interest and
Cross-Conveyance agreements or other documents assigning leasehold
interest, wells and/or well bores, or oil and gas interest, said
assignments being recorded in Lea County, NM and attached thereto a
list of leases and lands assigned in such assignment or other
document, such assignments to Assignor are described in
Exhibit “A”
attached hereto for all purposes, located in the West Sawyer Field
in Lea County, New Mexico, including all extensions, renewals, top
leases, ratifications, or amendments thereof and all working
interest leasehold interest operating rights, carried interest or
other rights granted to Assignor (collectively the
“Lands”) together with all the property and rights
incident thereto, including all rights in any pooled, unitized or
commoditized acreage by virtue of the Lands be a part thereof, all
production from the Lands, from and after the Effective Time, and
any pool or unit to the extent allocated to any such Lands and all
interest in any wells located on the Lands or in any pool or unit
and attributable to the Lands, but subject to all assignments of
any overriding royalty interest or other interest of record in Lea
County, NM, if any; and

 

(b)             
All of Assignor’s right title and interest in producing,
nonproducing, shut-in and abandoned oil and gas wells, wellbores,
the casing and tubing therein and all downhole and wellhead
equipment, and all leasehold equipment, structures and other
equipment, facilities and personal property situated on the Leases
and all of the interest owned by Assignor in and to all personal
property, improvements, lease and well equipment, appurtenances,
pipelines (owned by Assignor as of the Effective Time) pumps,
facilities, separators, tanks and other fixtures (the
“Facilities”) located on attributable to or used in
connection with the Assets located on the Lands (hereinafter
referred to as the “Wells”) all such wells as described
in Exhibit
“A-l”. Attached hereto for all purposes is group
of pictures and spread sheet that evidence and reflect the
facilities and equipment at each well site and tank battery site
and being a part of the Assets, collectively marked as Exhibit “B1” and
“B2”; and

 1

 

 

(c)              
To the extent assignable, all contracts and contractual rights and
interest covering or affecting any or all of the interest described
or referred to above, including, without limitation, all farm-out
and farm-in agreements, area of mutual interest agreements,
operating agreements, production sales and purchase contracts,
saltwater disposal agreements, surface use agreements or leases,
division and transfer orders, licenses and other contracts or
agreements covering or affecting any or all of the interest
described or referred to above (hereinafter referred to as the
“Contracts”), as shown in Exhibit “C” attached hereto;
and

 

(d)             
To the extent assignable, all easements, rights-of-way, surface use
agreements or leases, fee estates, licenses, authorizations,
permits, waivers and similar rights and interest applicable to, or
used or useful in connection with, any or all of the interest
described in Subparagraphs (a) and (b) above (collectively the
“Other Real Property”); and

 

(e)              
All oil, condensate, natural gas, natural gas liquids, if any, or
other gases and other minerals produced on or before January 31,
2019, shall be retained and shall remain the property of Assignor.
All oil, condensate, natural gas, natural gas liquids, if any or
other gases and other minerals produced on or after February 1,
2019, attributable to all or any part of the Assets, if being
agreed that Assignee receives all revenues from production of oil
and gas produced on or after February 1, 2019. Assignor shall have
all tanks measured on January 31, 2019, with the report of volumes
to be delivered to both parties and both Assignor and Assignee
agree that the resulting record of the volumes shall be binding on
both parties; and

 

(f)             
All well, legal and title files concerning the Leases, Wells,
Equipment, Contracts or other Real Property owned by or subject to
the possession or control of Assignor (collectively the
“Files”); and

 

(g)              
The right to operate the Leases (insofar as the Leases cover the
Lands) and Wells.

 

(h)               
Assignee of rights in the Leases: (1) is deemed to have accepted
liability for the non-performance of any express or implied Lease
obligations accruing prior to the date of Assignment; and (2) is
liable for the proper performance of express and implied lease
obligations from and after the date of Assignment. Liability for
the non-performance of lease obligations will be in addition to the
liability of Assignee. .

 

(i)              
Assignee assumes, and agrees to comply with, from and after the
date of this assignment, the express and implied covenants created
by the oil and gas leases. From and after the date of this
assignment, Assignee agrees to indemnify Assignor against any
liability, claim, demand, damage, or cost, including litigation
costs and attorney fees, associated with the oil and gas leases and
the interest assigned to Assignee.

 

TO
HAVE AND TO HOLD the Assets unto Assignee, its successors and
assigns, forever, subject, however, to all the terms and conditions
of this Assignment and Bill of Sale.

 2

 

 

THIS ASSIGNMENT IS MADE WITHOUT ANY
EXPRESS, IMPLIED, OR STATUTORY WARRANTY OR REPRESENTATION AS TO THE
CONDITION, QUANTITY, QUALITY, MERCHANTABILITY, AND FITNESS FOR A
PARTICULAR PURPOSE OR ANY PURPOSE, SAFETY, FREEDOM FROM DEFECTS OR
COMPLIANCE WITH REGULATORY AND ENVIRONMENTAL REQUIREMENTS OR ANY OF
THE LANDS, LEASES, WELLS, FACILITIES, PIPELINES, FLOWLINES OR
EQUIPMENT ASSIGNED HEREBY. ASSIGNOR DOES NOT IN ANY WAY REPRESENT
OR WARRANT THE ACCURACY OR COMPLETENESS OF ANY INFORMATION, DATA OR
OTHER MATERIALS (WRITTEN OR ORAL) FURNISHED TO ASSIGNEE BY OR ON
BEHALF OF ASSIGNOR. ASSIGNEE IS ACQUIRING THE ASSETS IN AN
“AS IS, WHERE IS” AND “WITH ALL FAULTS”
CONDITION, AND SHALL ASSUME ALL RISKS AND LIABILITIES THAT THE
ASSETS MAY CONTAIN HAZARDOUS MATERIALS OR OTHER WASTE, TOXIC,
HAZARDOUS, EXTREMELY HAZARDOUS, OR OTHER MATERIALS OR SUBSTANCES,
OR OTHER ADVERSE PHYSICAL CONDITIONS, INCLUDING THE PRESENCE OF
UNKNOWN ABANDONED OIL AND GAS WELLS, WATER WELLS, SUMPS, PITS,
PIPELINES, OR OTHER WASTE OR SPILL SITES. ASSIGNOR AND ASSIGNEE
AGREE THAT TO THE EXTENT REQUIRED BY APPLICABLE LAW TO BE
OPERATIVE, THE DISCLAIMERS OF CERTAIN WARRANTIES CONTAINED IN THIS
PARAGRAPH ARE “CONSPICUOUS.”

 

Any amounts and/or debts which are
due and owing to Seller/Assignor (Wyatt Petroleum, LLC and/or Wyatt
Permian, LLC) prior to the Effective Date of this Agreement
whether, now known or unknown, by co-working interest owners, joint
operators, nonparticipating working interest owners, or any party
who owes monies or debt to Seller/Assignor with respect to any of
the properties and/or operations of the properties assigned under
this Agreement, whether known or not known on the Effective Date,
shall remain owed to Seller and are not assigned by this Agreement.
Additionally, any rights or causes of action that are held by
Seller with respect to any of the properties and/or operations of
the properties conveyed under this Agreement, whether now known or
unknown, remain with Seller and are not intended to be assigned by
this Agreement. Any amounts and/or debts which are due and owing by
Seller/Assignor (Wyatt Petroleum, LLC and/or Wyatt Permian, LLC)
prior to the Effective Date of this Agreement, whether now known or
unknown (with the exception of any liability or costs associated
with plugging any of the wells that are being transferred by
Assignor to Assignee pursuant to this Agreement), shall remain owed
by Seller and are not assigned by this Agreement. Assignee shall be
responsible for the payment of all costs and expenses incurred
subsequent to December 31, 2018.

 

To
the extent permitted by law, Assignee shall be subrogated to
Assignor’s rights in and to representations, warranties, and
covenants given with respect to the Contracts, Agreements, Assets,
Leases and Wells. Assignor hereby grants and transfers to Assignee,
its successors and assigns, to the extent so transferable and
permitted by law, a proportionate part of the benefit of and the
right to enforce the covenants, representations and warranties, if
any, which Assignor is entitled to enforce with respect to the
Assets. Assignee hereby agrees to accept the Assets, equipment,
Wells, facilities, contracts and other Real Property assigned
herein, and that Assignee accepts the same “AS IS, WHERE IS” and
“WITH ALL
FAULTS”. Effective as of the Effective Date and to the extent of the Assets,
Assignee agrees to assume all responsibility for and obligations
with respect to the Wells, the casing and all other equipment, and
all other personal property and fixtures used on or in connection
therewith arising before, on or after the Effective Time.
ASSIGNEE EXPRESSLY ASSUMES ANY AND
ALL LIABILITY AND RESPONSIBILITIES FOR ALL PLUGGING OBLIGATIONS
REGARDING THE WELLS ARISING BEFORE, ON, OR AFTER THE EFFECTIVE
TIME. ASSIGNOR KNOWS OF NO EXISTING OR ASSERTED REGULATORY ACTIONS
OR CLAIMS RELATING TO ANY ENVIRONMENTAL VIOLATION OR UNCORRECTED
RELEASES, THEREFORE, AS OF THE EFFECTIVE TIME, ASSIGNEE ASSUMES ALL
RESPONSIBILITY AND LIABILITIES FOR ANY ENVIRONMENTAL CLAIMS OR
REMEDIATION REQUIREMENTS ARISING BEFORE, ON, OR AFTER FROM THE
OPERATIONS OF THE ASSETS.

 3

 

 

SUBJECT TO THE OTHER PROVISIONS
HEREIN, ASSIGNEE SHALL PROTECT, DEFEND, INDEMNIFY AND SAVE ASSIGNOR
AND ASSIGNOR’S EMPLOYEES, AGENTS, REPRESENTATIVES, AND ANY
OTHER PARTY CONTRACTING WITH ASSIGNORS, AND THEIR RESPECTIVE
EMPLOYEES OR SUBCONTRACTORS FROM AND AGAINST ANY AND ALL CLAIMS,
DEMANDS, CAUSES OF ACTION, SUITS, LIABILITIES, DAMAGES, AWARDS AND
JUDGMENTS OF WHATSOEVER NATURE (AND ALL REASONABLE ATTORNEY’S
FEES AND COSTS OF LITIGATION OR SETTLEMENT INCURRED IN CONNECTION
WITH THE SAME) ARISING IN FAVOR OF ANY PARTY (INCLUDING ASSIGNEE,
ITS EMPLOYEES, AND ANY OTHER PARTY WHOMSOEVER) FOR OR ON ACCOUNT OF
PERSONAL INJURY, DEATH OR LOSS OF OR DAMAGE TO PROPERTY OR OTHER
INTERESTS OF ANY KIND OR CHARACTER, ARISING IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, FROM ASSIGNEE’S USE OR OPERATIONS OF
THE ASSETS, WELLS AND FACILITIES AND ACTIVITIES HEREUNDER;
PROVIDED, HOWEVER, THE FOREGOING INDEMNITY SHALL NOT BE CONSTRUED
TO INDEMNIFY ASSIGNOR TO THE EXTENT THAT ANY SUCH PERSONAL INJURY,
DEATH, OR LOSS OF OR DAMAGE TO PROPERTY, OR OTHER INTERESTS OF ANY
KIND OR CHARACTER, SERVING AS THE BASIS OF SUCH CLAIMS, DEMANDS,
CAUSES OF ACTION OR JUDGMENTS OF WHATSOEVER NATURE HAVE BEEN CAUSED
BY, OR RESULTED FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF
ASSIGNOR OR ASSIGNOR’S EMPLOYEES, AGENTS, REPRESENTATIVES,
AND INVITEES FROM WHICH ASSIGNOR SHALL PROTECT, DEFEND, INDEMNIFY
AND SAVE HARMLESS ASSIGNEE AND ASSIGNEES OFFICERS, DIRECTORS, AND
EMPLOYEES (INCLUDING ALL REASONABLE ATTORNEY’S FEES AND COSTS
OF LITIGATION OR SETTLEMENT INCURRED IN CONNECTION WITH SAME).
ASSIGNEE SHALL ALSO INDEMNIFY AND SAVE ASSIGNOR HARMLESS FROM AND
AGAINST ANY AND ALL LIENS, CLAIMS AND ENCUMBRANCES AGAINST
ASSIGNOR’S PROPERTY (AND FROM AND AGAINST THE PAYMENT OR
SATISFACTION OF SAME) ARISING DIRECTLY OR INDIRECTLY FROM, OR
INCIDENT, TO THE AGREEMENT OR OPERATIONS FROM AND AFTER THE
EFFECTIVE TIME.

 

 

 

 

 

 

 

 

 

 

 

 4

 

 

ASSIGNOR MAKES NO WARRANTY OR
REPRESENTATION, EXPRESS OR IMPLIED, OR STATUTORY OR IN ANY MANNER
AS TO THE TITLE TO THE ASSETS, INCLUDING WITHOUT LIMITATION, THE
LANDS, VALIDITY OF LEASES, WELLS, EQUIPMENT OR FACILITIES AND
EXPRESSLY DISCLAIMS THE SAME

 

Assignee
shall bear and pay any real property transfer taxes, if any and any
recording fees associated with the transfer of the Assets to
Assignee.

 

This
Assignment and Bill of Sale shall be binding upon and inure to the
benefit of the heirs, successors, and assigns of the respective
parties hereto.

 

SIGNATURE PAGES
FOLLOW

 

 

 

 

 

 

 

 

 

 

 

 

 

 5

 

 

IN
WITNESS WHEREOF, this Assignment and Bill of Sale is executed as of
the date of the Parties acknowledgements below, but is effective
for all purposes as of the Effective Time.

 

	
ASSIGNOR

	
 

	
ASSIGNEE

	
 

	
 

	
 

	
Wyatt
Petroleum, LLC and

Wyatt Permian, LLC
 

	
 

	
Amazing Energy,
LLC

	
 

	
 

	
 

	

	
 

	
 

	
By:
Billy C. Wells

	
 

	
By: Willard G.
McAndrew III

	
Title:
Member of Management

	
 

	
Title:
President

	
Committee

	
 

	
 

	
 

	
STATE
OF
TEXAS                 §
 

	
COUNTY
OF
HARRIS           §

 

The
foregoing instrument was acknowledged before me on this
28th day
of January, 2019, by Billy C. Wells, as the duly authorized
representative of Wyatt Petroleum, LLC and Wyatt Permian, LLC,
Texas limited liability companies, on behalf of such
companies.

 

 

	

	
Notary
Public

My Commission Expires: 6/9/2020

	
STATE
OF
TEXAS                 §
 

	
COUNTY
OF
HARRIS           §

 

The
foregoing instrument was acknowledged before me on this
23rd day
of January, 2019, by Willard G. McAndrew III as the duly authorized
representative of Amazing Energy, LLC, a Texas limited liability
company, on behalf of such company.

 

 

	
 

	

	
 

	
Notary Public for the State of Texas

My Commission Expires: 5/24/20

 

 6

 

 

Exhibit
A

 

Wyatt
Permian Active State Leases (from NM SLO Data Portal)

Lea
County, NM

 

	

Lease Number

	

Status

	

Mineral Type

	

TWSP/RG

	

Section

	

Description

	

Gross Acres

	
VO-9751-0002

	
Active

	
State

	
9S
37E

	
32

	
 

	
80.0

	
VO-9725-0002

	
Active

	
State

	
10S
36E

	
12

	
 

	
320.0

	
VO-9732-0002

	
Active

	
State

	
10S
36E

	
12

	
 

	
320.0

	
VO-9648-0002

	
Active

	
State

	
10S
36E

	
13

	
NW/4

	
160.0

	
VO-9909-0001

	
Active

	
State

	
10S
36E

	
25

	
SW/4

	
160.0

	
VO-9901-0001

	
Active

	
State

	
10S
36E

	
27

	
S/2

	
320.0

	
VO-9910-0001

	
Active

	
State

	
10S
36E

	
36

	
 

	
320.0

	
VO-9938-0001

	
Active

	
State

	
10S
36E

	
36

	
 

	
320.0

	
VO-9902-0001

	
Active

	
State

	
10S
37E

	
1

	
 

	
320.1

	
VO-9939-0001

	
Active

	
Slate

	
10S
37E

	
1

	
 

	
320.0

	
VO-9911-0001

	
Active

	
State

	
10S
37E

	
2

	
 

	
320.2

	
VO-9940-0001

	
Active

	
State

	
10S
37E

	
2

	
 

	
320.2

	
VO-9726-0002

	
Active

	
Slate

	
10S
37E

	
3

	
 

	
320.0

	
VO-9733-0002

	
Active

	
State

	
10S
37E

	
3

	
 

	
320.0

	
VO-9903-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
320.1

	
VO-9912-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
80.0

	
VB-2614-0001

	
Active

	
State

	
10S
37E

	
4

	
 

	
80.5

	
VO-9727-0002

	
Active

	
State

	
10S
37E

	
6

	
 

	
317.2

	
VO-9734-0002

	
Active

	
State

	
10S
37E

	
6

	
 

	
320.2

	
LO-6540-0003

	
Active

	
State

	
10S
37E

	
7

	
 

	
160.0

	
VO-9649-0002

	
Active

	
State

	
10S
37E

	
7

	
 

	
159.2

	
VB-2608-0001

	
Active

	
State

	
10S
37E

	
8

	
 

	
80.0

	
VB-2615-0001

	
Active

	
State

	
10S
37E

	
8

	
 

	
80.5

	
VO-9913-0001

	
Active

	
State

	
10S
37E

	
9

	
 

	
80.0

	
VO-9767-0002

	
Active

	
State

	
10S
37E

	
10

	
 

	
160.0

	
VO-9904-0001

	
Active

	
State

	
10S
37E

	
17

	
 

	
320.1

	
VO-9914-0001

	
Active

	
State

	
10S
37E

	
17

	
 

	
160.0

	
LO-6428-0003

	
Active

	
State

	
10S
37E

	
18

	
 

	
479.3

	
VO-9915-0001

	
Active

	
State

	
10S
37E

	
19

	
 

	
159.9

	
VO-9942-0001

	
Active

	
State

	
10S
37E

	
30

	
 

	
320.0

	
VO-9916-0001

	
Active

	
State

	
10S
37E

	
30

	
 

	
319.8

	
VO-9906-0001

	
Active

	
State

	
11S
37E

	
1

	
 

	
73.4

	
VO-9835-0002

	
Active

	
Slate

	
11S
37E

	
5

	
 

	
390.5

 

33 active leases

 

 

 

 

EXHIBIT A-1

 

Wyatt
Petroleum Well Data

Lea
County, NM

 

	

Area

	

Well
Identification

	

Well

	

 

	

Depth

	

Lateral

	

County

	

Pool

	

API
Number

	

Well

	

Lease

	

Operator*

	

Class

	

Reservoir

	

MD

	

Length
(mi.)

	

LEA

	

CROSSROADS EAST

	

30025426700000

	

1H

	

MAXWELL

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,607

	

1.0

	

LEA

	

CROSSROADS EAST

	

30025427260100

	

4H

	

WILLIAM STATE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,490

	

0.9

	

LEA

	

CROSSROADS EAST

	

30025434980000

	

103H

	

LARRY SAN ANDRES UNIT 18

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

9,950

	

1.0

	

LEA

	

DICKENSON (sic)

	

30025434990000

	

104H

	

MOE SAN ANDRES UNIT 35

	

WYATT PERMIAN

	

AT-TD

	

SAN ANDRES

	

9,873

	

1.0

	

LEA

	

DICKINSON

	

30025248090000

	

1

	

SANTAFE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

10,800

	

 

	

LEA

	

DICKINSON

	

30025256690000

	

4

	

SANTA FE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

5,000

	

 

	

LEA

	

DICKINSON

	

30025252410000

	

2

	

SANTA FE

	

WYATT PERMIAN

	

SWD

	

SAN ANDRES

	

5,085

	

 

	

LEA

	

CROSSROADS EAST

	

30025275110000

	

1

	

STATE

	

WYATT PERMIAN

	

OIL

	

SAN ANDRES

	

5,100

	

 

	

LEA

	

CROSSROADS

	

30025347650000

	

1

	

BOBBY FEE

	

WYATT PERMIAN

	

SWD

	

DEVONIAN

	

12,288

	

 

	

LEA

	

CROSSROADS SE

	

30025342360000

	

1

	

LEWIS FEE

	

WYATT PERMIAN

	

SWD

	

DEVONIAN

	

12,505

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

	

 

n=10 wells

 

 

 

 

 

 

 

 

 

 

 

Exhibit
B1

 

Inventory
of Field Equipment and Facilities

Lea
County, NM

 

	

Well
Identification

	

 

	

 

	

Section

	

well

	

Lease

	

Description:

	

7

	

1

	

STATE

	

Pumpjack (Morgan 160) w/20 HP electric motor, chemical drums, (2)
210 BBL steel oil tanks, (2) 210 BBL fiberglass water tank,
4’ x 20’ gun barrel, water transfer pump, circulating
pump

	
 

	
 

	
 

	
 

	

12

	

004H

	

WILLIAMS STATE

	

Pumpjack (Lufkin IRO Marc 640) w/electric motor, (2) 500 BBL
fiberglass water tanks, (2) 500 BBL steel oil tanks, 12’ x
20’ gun barrel, fluid to gas separator: water transfer pump,
oil circulating pump, chemical drum, meter run with Scada; large
frac water pit, (7) 8” rods and (2) 1 1/4” fiberglass
rods on site

	
 

	
 

	
 

	
 

	

24

	

001H

	

MAXWELL

	

This location also serves as a central saltwater gathering
facility; Pumpjack (Lufkin 640 Marc) w/60 or 75 HP electric motor,
(2) 500 BBL steel oil tanks, (3) 500 BBL water tanks, (1) 750 BBL
steel gun barrel; water transfer pump, oil circulating pump, fluid
to gas separator; chemical drums, there are 8 1/4” fiberglass
rods and stubs on location; dual transformers are fenced with
pipe

	
 

	
 

	
 

	
 

	

31

	

1

	

LEWIS FEE

	

Normal wellhead for injector; wellhead fenced with steel
pipe

	
 

	
 

	
 

	
 

	

25

	

1

	

BOBBY FEE

	

Normal wellhead for injector; wellhead fenced with steel
pipe

	
 

	
 

	
 

	
 

	

18

	

103H

	

LARRY SA UNIT

	

Pumpjack (Lufkin 640 Marc) w/75 HP electric motor, (2) 500 BBL
water tanks, (2) 500 BBL steel oil tanks, 10’ x 20’ gun
barrel, water transfer pump, circulating pump, chemical drums, 11
3/4” rod stubs are on site; dual transformers are fenced with
pipe

	
 

	
 

	
 

	
 

	

35

	

104H

	

MOE SA UNIT

	

Pumpjack (640 Abscot) w/50HP electric motor, dual transformers are
fenced with pipe

	
 

	
 

	
 

	
 

	

35

	

1

	

SANTA FE

	

American pumpjack w/electric motor, chemical drum, additional steel
and fiberglass pipe on location;

	
 

	
 

	
 

	
 

	

35

	

4

	

SANTA FE

	

Pump jack w/electric motor, chemical drum

	
 

	
 

	
 

	
 

	

35

	

FACILITY

	

MOE/SANTA FE

	

Central tank battery for the Santa Fe 1 and 4 and the Moe 104H
wells; Santa Fe = (2) 4’ x 20’ gun barrels, (2) 500 BBL
fiberglass water tanks (1 for SF-1, 1 for SF-4 and Moe), (4) 500
BBL steel oil tanks (1 for SF-1, 1 for SF-4, and 2 for Moe), SWD
disposal pump (SF-2); Moe = (1) 10’ x 20’ gun barrel,
heater treater, meter run with scada, circulating pump, water
transfer pump, water disposal pump

	
 

	
 

	
 

	
 

	

35

	

2

	

SANTA FE

	

This the SWD well for Santa Fe 1 and 4; there is no surface
equipment or facilities on site

	
 

	
 

	
 

	
 

	

3

	

103H

	

CURLY SA UNIT

	

large caliche pad with concrete cellar, approx. 1.5 mi. of location
road already built

 

 

 

Exhibit
B2

 

Inventory
of Field Equipment and Facilities

Lea County, NM

State
7-1 pumpjack and tank battery

 

 

 

Williams
12-004H pumpjack and tank battery

 

 

 

Maxwell
24-001H pumpjack and tank battery

 

 

 

Bobby
Fee 25-1 and Lewis Fee 31-1 surface locations

 

 

 

Larry
18 103H tank battery and pumpjack

 

 

 

Moe
35 104H pumpjack and transformers

 

 

 

Santa
Fe 35-1 and 35-4 pumpjacks; Santa Fe and Moe tank
battery

 

 

 

Santa
Fe 35-2 wellhead and Curly location w/cellar

 

 

 

Exhibit
C

 

West
Sawyer Contracts and Agreements

Lea
County, NM

 

	

Entities

	

Type of
Agreement

	

lands
Covered

	

Date

	

Party 1

	

Party 2

	

 

	

Township and
Range

	

Section

	

Effective

	

Tamaroa, Petroven, Golden

	

Nemo Fund 1, Nautilus Energy, LLC

	

Exploration Agreement

(Stipulation of Interest &
Cross-Conveyance)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/5/2014

	

Devon

	

Nemo Fund I, Tamaroa, Petroven, Golden

	

Exploration Agreement

(Stipulation of Interest &
Cross-Conveyance)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/1/2015

	

Devon

	

Nemo Fund I, Tamaroa, Petroven, Golden

	

Exploration Agreement

(Joint Venture)

	

9S 37E, 10S 36E & 37E,

11S 36 & 37E

	

various

	

8/1/2015

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Willioms State
12-004H)

	

10S 36E

	

12

	

8/1/2015

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Maxwell 24-001H)

	

10S 36E

	

24

	

1/4/2016

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Moe 35 104H)

	

10S 36E

	

35

	

12/1/2016

	

Devon, Tamaroa, Petroven,

Golden

	

Nemo Fund I

	

Joint Operating Agreement

(Larry 18 103H)

	

10S 37E

	

18

	

12/1/2016

	

Williams Ranch

	

Nemo Fund I

	

Surface Use Agreement, SWD Addendum

(Williams State
12-004H)

	

10S 36E

	

12

	

8/18/2015

	

Slash Z Land and
Cattle

	

Nemo Fund I

	

Surface Use Agreement

	

10S 36E, 10S 37E

	

various

	

1/1/2016

	

Harton Ranch

	

Nemo Fund I

	

Surface Use Agreement

	

10S 37E

	

3, 4, 5

	

12/21/2016

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00291-of-00352.parquet"}]]