Document:

Letter Agreement dated June 13, 2005

 Exhibit 10.6 
 June 13, 2005 
 Robinson’s Bend Marketing II, LLC 
 111 Market Place, Suite 500 
 Baltimore, MD 21202 
  

	 	Re:	Marketing Authorization for Gas and Natural Liquid Sales from Robinson’s Bend Marketing II, LLC 

 Ladies and Gentlemen: 
 THIS AGREEMENT (the “Agreement”) IS MADE AND ENTERED INTO by and between
Torch Energy TM, Inc., herein referred to as “TETM” and Robinson’s Bend Marketing II, LLC, herein referred to as “RB Marketing.” 
 WHEREAS, RB Marketing desires to designate TETM as its manager for the provision of natural gas marketing services as set forth herein and TETM desires to serve in such capacity; 
 NOW, THEREFORE, in consideration of the promises and mutual covenants herein contained, TETM and RB Marketing do hereby agree as follows: 
 1. Term. The initial term of this Agreement shall commence on June 13, 2005 (the “Effective Date”) and shall continue for a term
expiring on June 30, 2007 (the “Term”). At any time during the Term hereof, RB Marketing shall have the option, but not the obligation, to terminate this Agreement for convenience. RB Marketing shall exercise its termination for
convenience option by delivering written notice of termination identifying the termination date (which shall be at least thirty (30) days after the delivery of such notice). If such termination occurs prior to June 30, 2007, TETM shall be
paid a termination fee equal to $720,000 less an amount equal to $30,000 multiplied by the number of months this Agreement will have been effective prior to the termination date, pro rated for any partial months. 
 2. Services. During the Term of this Agreement, TETM shall be RB Marketing’s manager and provide to RB Marketing the services described in
Schedule A attached hereto (the “Services”) with respect to the Oil and Gas Properties (as such term is defined in that certain Asset Purchase and Sale Agreement effective as of May 1, 2005 by and among Everlast Energy LLC, RB
Marketing Company LLC, Robinson’s Bend Operating Company, LLC and CBM Equity IV, LLC (P&S Agreement”)), such Oil and Gas Properties being additionally identified on Schedule C attached hereto. The rights, duties and obligations of TETM
as RB Marketing’s 

 Robinson’s Bend Marketing II, LLC 
 June 13, 2005 
 Page 2 
  

 
manager shall be controlled by this Agreement, the schedules hereto, and any applicable amendments hereto or thereto. 
 3. Charges for the Services. TETM shall be compensated for the Services as set forth in Schedule B attached hereto. 
 4. Indemnification. RB Marketing hereby covenants and agrees to and does hereby indemnify, defend, protect, save and hold harmless the Indemnitee
(as such term is hereinafter defined) from and against any and all Claims (as such term is hereinafter defined) asserted against the Indemnitee arising out of this Agreement or on account of the Services, including without limitation, any negligent
acts or negligent omissions of the Indemnitee, or other alleged or adjudicated wrongful act or omission, default or breach of whatever kind or nature, whatsoever arising; provided, however, that RB Marketing shall have no obligation
under this Section 4 if such Claims arise due to the gross negligence or willful misconduct of TETM or its representatives in the performance of the Services. As used herein, the term “Indemnitee” shall mean TETM, any affiliate of
TETM, and any officer, director, employee, agent, attorney, joint venturer, partner (limited or general), servant, representative, trustee, successor, assign or shareholder of TETM. As used herein, the term “Claims” shall mean allegations,
actions, claims, liabilities, demands, debts, actions, causes of action, suits, dues, reckonings, controversies, promises, rights of indemnity and contribution, and all attorneys’ fees and costs of court related to or incurred in connection
therewith, of any kind or character whatsoever, known or unknown, suspected or unsuspected, in contract or in tort or otherwise, at law or in equity, whether heretofore or hereafter existing or accruing. The provisions of this Section 4 shall
survive any termination of this Agreement. NO PARTY SHALL BE LIABLE FOR CONSEQUENTIAL DAMAGES (INCLUDING WITHOUT LIMITATION, DAMAGES FOR LOST REVENUE AND/OR PROFITS) OR ANY EXEMPLARY OR PUNITIVE DAMAGES, REGARDLESS OF THE FORM OF ACTIONS, WHETHER IN
CONTRACT, TORT OR OTHERWISE, AND EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. 
 5. Relationships. TETM, in
furnishing services to RB Marketing hereunder, is providing such services only as an independent contractor. This Agreement does not create, and shall not be construed to create, any employer-employee, joint venture or partnership relationship
between the parties hereto or their respective affiliates, and no party hereto, or their respective affiliates, shall at any time be deemed to be an employee, servant, agent or contractor of the other party or its affiliates for any purpose
whatsoever. 
 6. Governing Law. THIS AGREEMENT, AND ALL QUESTIONS RELATING TO ITS VALIDITY, INTERPRETATION, PERFORMANCE AND
ENFORCEMENT (INCLUDING, WITHOUT LIMITATION, PROVISIONS CONCERNING LIMITATIONS OF 

 Robinson’s Bend Marketing II, LLC 
 June 13, 2005 
 Page 3 
  

 
ACTION), SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF TEXAS NOTWITHSTANDING ANY CONFLICT-OF-LAWS DOCTRINES OF SUCH
STATE OR OTHER JURISDICTION TO THE CONTRARY. ANY PROCEEDINGS ARISING OUT OF AND/OR RELATING TO THIS AGREEMENT SHALL BE RESOLVED BY A JUDGE TRIAL WITHOUT A JURY AND THE RIGHT TO A JURY TRIAL IS WAIVED TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW. 
 7. Force Majeure. 
 (a) Subject to clause (b) below, neither party shall be liable for any failure or delay in the performance of its obligations, other than payment obligations, under this Agreement to the extent such failure or delay is caused, directly
or indirectly, without fault by such party, by any cause beyond the reasonable control of such party (“Force Majeure Event”). Force Majeure Events shall include, but not be limited to, disruptions caused by third party failures of public
utilities, building facilities, communications facilities or public safety functions. 
 (b) Upon the occurrence of a Force Majeure Event,
the non-performing party shall be excused from any further performance or observance of the affected obligation(s) for as long as such circumstances prevail and so long as such party continues to attempt to recommence performance or observance
whenever and to whatever extent possible without delay. Any party so delayed in its performance will immediately notify the other by telephone or by the most timely means otherwise available (to be confirmed in writing within two (2) business
days of the inception of such delay) and describe in reasonable detail the circumstance causing such delay. 
 8. Entire Agreement.
This Agreement, together with the attached schedules hereto and any other writings referred to herein or delivered pursuant hereto, constitute the entire agreement between the parties hereto with respect to the subject matter hereof and supersede
all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 
 9.
Amendments and Waivers. Any changes, modifications or amendments of this Agreement shall be in writing and signed by each of the parties hereto. No waiver by a party of its rights or of any default by the other party under this Agreement
shall operate or be construed as a continuing waiver of such rights or a waiver of any future default, whether of a like or different character. 
 10. Severability. If any provision of this Agreement is held to be unenforceable, this Agreement shall be considered divisible and such provision shall be deemed inoperative to the extent it is deemed unenforceable, and in all other
respects, this Agreement shall remain in full force and effect. 

 Robinson’s Bend Marketing II, LLC 
 June 13, 2005 
 Page 4 
  

 11. Assignment. This Agreement shall be binding upon and inure to the benefit of the
respective successors and assigns of the parties hereto, provided that this Agreement shall not be transferred or assigned, by operation of law or otherwise, by either party without the other party’s prior written consent, which consent shall
not be unreasonably withheld. 
 12. Notices. Any notice, request, demand or other communication required or permitted to be made
under this Agreement shall be in writing and shall be delivered personally or shall be sent by facsimile transmission. Any such notice, request, demand or other communication shall be deemed given when so delivered personally or sent by facsimile
transmission (and confirmed to have been received) to the address set forth below (or to any other address subsequently furnished in writing by either party, in accordance with this Section 12). Such notice, request, demand or other
communication will be deemed to have been given as of the date so delivered personally or sent by facsimile. 
  

					
	To:	  	RB Marketing:	  	TETM:
			
	Correspondence	  	 Robinson’s Bend Marketing II, LLC
 111 Market Place,
Suite 500
 Baltimore, Maryland 21202
 Attention: Legal

Facsimile: (410) 468-3499
	  	 Torch Energy TM, Inc.
 1221 Lamar, Suite 1175

Houston, Texas 77010
 Attention: Marketing
 Facsimile: (713) 759-0805

			
	Invoices	  	 Robinson’s Bend Marketing II, LLC
 111 Market Place,
Suite 500
 Baltimore, Maryland 21202
 Attention:
Operations
	  	 Torch Energy TM, Inc.
 1221 Lamar, Suite 1175

Houston, Texas 77010
 Attention: Gas Marketing
 Accounting

			
	Payments	  	 Robinson’s Bend Marketing II, LLC
 Bank: M&T
Bank,
            Baltimore, Maryland
 ABA: 0220-0004-6
 ACCT: 191-9007-8
	  	 Torch Energy TM, Inc.
 Amegy Bank of Texas
 Houston, Texas
 ABA: 113011258
 ACCT: 127833

 13. Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, and all of which shall constitute collectively, one instrument. 

 Robinson’s Bend Marketing II, LLC 
 June 13, 2005 
 Page 5 
  

			
	 Very Truly Yours,

	
	 TORCH ENERGY TM, INC.

		
	By:	 	 /s/ John Lendrum III

	 Name:
	 	 John Lendrum III

	 Title:
	 	 President

 [SIGNATURE PAGE TO MARKETING AUTHORIZATION LETTER] 

 Robinson’s Bend Marketing II, LLC 
 June 13, 2005 
 Page 6 
  

			
	 Accepted and agreed to this 13th day of June, 2005.

	
	 ROBINSON’S BEND MARKETING II, LLC

		
	By:	 	 /s/ Stuart R. Rubenstein

		 	 Stuart R. Rubenstein

		 	 Chief Operating Officer

 [SIGNATURE PAGE TO MARKETING AUTHORIZATION LETTER] 

 SCHEDULE A 
  

	I.	NATURAL GAS MARKETING SERVICES 

 TETM shall provide
natural gas marketing services for RB Marketing to purchasers approved by RB Marketing as described below: 
  

	 	A.	Monitor and analyze monthly markets 

  

	 	1.	Maintain up-to-date market information from daily periodicals, various financial services and downstream natural gas users/buyers. 

  

	 	2.	Evaluate monthly spot/term markets, including basis differentials, in order to maximize wellhead value. 

  

	 	3.	Participate in regulatory review of FERC proposed rules and opinions which may effect revenue and operations. 

  

	 	B.	Develop natural gas marketing strategy with the guidance of RB Marketing. 

  

	 	C.	Communicate with field operations personnel to maintain smooth flow of production to marketing (sales). 

  

	 	D.	Market future production 

  

	 	1.	Survey the market and present market data to RB Marketing for RB Marketing’s determination of parties to whom gas will be sold. No sales shall be made without RB
Marketing’s prior approval. TETM and RB Marketing will develop an approved list of parties with RB Marketing’s credit requirements for each. 

  

	 	2.	Review drilling data provided by RB Marketing to identify upcoming production with respect to the Oil and Gas Properties. 

  

	 	3.	Participate in routine drilling and operations meetings as requested by RB Marketing. 

  

	 	E.	Study price reports, forecasts and statistics. 

  

	 	F.	Research pipeline logistics for marketing of natural gas production 

  

	 	G.	Management of pipeline and producer imbalances when RB Marketing advises and provides imbalance information 

  

	 	H.	Natural gas control 

  

	 	1.	Daily contact through computer bulletin boards of pipelines to confirm nominations and flow of natural gas. 

  

	 	2.	Resolve metering difference between pipelines and field operations. 

  

	 	3.	Provide allocations of natural gas sales. 

	II.	CONTRACT ADMINISTRATION 

 TETM shall provide
administrative services for RB Marketing as described below: 
  

	 	A.	Monitor contracts for compliance of terms 

  

	 	B.	Maintain natural gas marketing contract files and database 

  

	 	C.	Coordinate contracts, deal sheets, and memos for communication of marketing information to RB Marketing 

  

	 	1.	Includes calculations of royalty adjustments for special circumstances. 

  

	 	2.	Assistance to RB Marketing to ensure collection of monies on natural gas sales and resolution of pricing discrepancies. 

  

	 	D.	Obtain executed confirmations from purchasers and approve by initialing, then forward to RB Marketing for execution for all natural gas sales 

  

	 	E.	Review and approve by initialing original contracts, then forward to RB Marketing for execution 

  

	 	F.	Provide documentation of changes in purchasers and/or transporters of natural gas production 

  

	III.	REPORTING/PRICING SERVICES 

 TETM shall provide
reporting and pricing services for RB Marketing as described below: 
  

	 	A.	Provide pricing reports on the Oil and Gas Properties (as such term is defined in the P&S Agreement) as requested by RB Marketing 

  

	 	B.	Provide pricing tables, spreadsheet applications, basis differential comparison and charts upon reasonable request on current production properties 

  

	 	1.	Provide pricing for reserve reports (on request) 

  

	 	2.	Provide monthly Nymex prices, including natural gas spot month close and average for final three days of contracts 

  

	IV.	MANAGEMENT OF SUPPORT SERVICES 

 TETM shall attend
management, bankers and other special meetings at RB Marketing’s reasonable request. 

 SCHEDULE B 
 CHARGES 
 NATURAL GAS MARKETING SERVICES AGREEMENT 
 A. Base Charge. RB Marketing shall pay to TETM a Base Charge of $30,000.00 per calendar month, commencing with payment for the month of July 2005
and continuing each calendar month thereafter for the Term of this Agreement. 
 B. Variable Charge. In addition to the Base Charge,
RB Marketing shall pay to TETM a Variable Charge each calendar month, commencing with payment for the month of July 2005 and continuing each calendar month thereafter for the Term of this Agreement. The Variable Charge shall be calculated according
to the following formula: 
 50% x A x (B - C), where 
 A = Volume of Applicable Gas (MMBTu), 
 B = Weighted Average Price Received ($/MMBTu),

 C = Monthly Index Price ($/MMBTu) 
 For the purpose of the calculation of the Variable Charge, the Monthly Index Price for the applicable month shall be the Index Price per MMBTu for “Prices of Spot Gas Delivered to Pipelines (per MMBTu dry):
Southern Natural Gas Co.: Louisiana: Index” as published in the first issue during such month of Inside FERC’s Gas Market Report. 
 For the purpose of the calculation of the Variable Charge, the Weighted Average Price Received for the applicable month shall be equal to the revenue received, net of transportation costs, from approved third-party purchasers for the
Applicable Gas for such month divided by the total volume of Applicable Gas sold in such month, rounded to the nearest hundredth of a cent. The term “Applicable Gas” as used herein shall mean only gas sold from RB Marketing’s working
interests in the Oil and Gas Properties. 
 If in any month, the Monthly Index Price is greater than or equal to the Weighted Average Price
Received, the Variable Charge for such month shall be $0. 
 C. Expenses. All entertainment expenses incurred by TETM personnel in
providing the normal and routine business of marketing gas production shall be borne by TETM. All other out-of-pocket expenses incurred at RB Marketing’s request will be reimbursed by RB Marketing. 
 D. Payment. Following the end of each calendar month, TETM shall deliver to RB Marketing a monthly invoice for the preceding month, to the address
specified in Section 12 of the Agreement, for the Base Charge and the Variable Charge as shown in reasonable detail. RB Marketing shall remit the amount due by wire transfer in immediately available funds within thirty (30) business days
after the date the invoice is delivered to RB Marketing, provided that if the payment date is not a business day, payment is due on the next business day following such date. In the event any payments are due to RB Marketing hereby, payment to RB
Marketing shall be made in accordance with this section. 

 SCHEDULE C 
 DESCRIPTION OF OIL AND GAS PROPERTIES 
 PART 1 
 ALL RIGHT, TITLE, ESTATE, CLAIM AND INTEREST OF ROBINSON’S BEND PRODUCTION II, LLC (“RBPII”) IN AND TO THE FOLLOWING “OIL AND GAS PROPERTIES”
SITUATED IN THE ROBINSON’S BEND COAL DEGASIFICATION FIELD, TUSCALOOSA COUNTY, ALABAMA, INCLUDING, BUT NOT LIMITED TO, ALL RIGHT, TITLE, ESTATE, CLAIM AND INTEREST OF RBPII IN AND TO ALL OF THE “LEASES” AND THE
“LANDS” DESCRIBED IN OR BY THE FOLLOWING INSTRUMENTS: 
  

	 	1.	Assignment, Conveyance and Bill of Sale dated effective as of 11:59 p.m. on December 31, 2002, executed by Velasco Gas Company, L.P., as grantor, in favor of Everlast Energy
LLC, as grantee, recorded on January 7, 2003, in the Office of the Probate Judge of Tuscaloosa County, Alabama in Deed Book 2003, Page 269. 

  

	 	2.	Assignment, Conveyance and Bill of Sale executed on January 6, 2003, effective as of 7:00 a.m. on October 15, 2002, executed by Torch E & P Company, Torch Energy
Services, Inc., TEAI Oil & Gas Company, and Torch Energy Marketing, Inc., collectively as grantor, in favor of Everlast Energy LLC, as grantee, recorded on January 7, 2003, in the Office of the Probate Judge of Tuscaloosa County,
Alabama in Deed Book 2003, Page 245, and re-recorded in Deed Book 2005, Page 12305. 

 SCHEDULE C 
 DESCRIPTION OF OIL AND GAS PROPERTIES 
 PART 2 
 ALL RIGHT, TITLE, ESTATE, CLAIM AND INTEREST OF ROBINSON’S BEND PRODUCTION II, LLC (“RBPII”) IN AND TO THE FOLLOWING “OIL AND GAS
PROPERTIES” SITUATED IN THE ROBINSON’S BEND COAL DEGASIFICATION FIELD, TUSCALOOSA COUNTY, ALABAMA, INCLUDING, BUT NOT LIMITED TO, ALL RIGHT, TITLE, ESTATE, CLAIM AND INTEREST OF RBPII IN AND TO ALL OF THE “LEASES” AND
THE “LANDS” DESCRIBED IN OR BY THE FOLLOWING INSTRUMENTS: 
  

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Acker, Jr., James B.	  	Everlast Energy LLC	  	2004/5208	  	November 14, 2003	  	Section 12, T21S, R11W
					
	Acker, Morris R. and wife, Beatrice R. Acker	  	Everlast Energy LLC	  	2003/22877	  	September 23, 2003	  	Section 33, T20S, R11W
					
	Acker, Opal P., Individually and as Executrix of the Estate of Lester E. Acker	  	Everlast Energy LLC	  	2004/5342	  	November 12, 2003	  	Section 12, T21S, R11W
					
	Allen, Darby Jack and wife, Sharon D. Allen	  	Everlast Energy LLC	  	2004/5188	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Amos, Lavon	  	EVERLAST ENERGY LLC	  	2005/1884	  		  	Sections 21 & 22, T22S, R11W
					
	Amos, Jr., Robert	  	EVERLAST ENERGY LLC	  	2005/1881	  	November 30, 2004	  	Sections 21 & 22, T22S, R11W
					
	Amos, Ronald	  	EVERLAST ENERGY LLC	  	2005/1878	  	November 30, 2004	  	Sections 21 & 22, T22S, R11W
					
	Anders, Ronald and wife Sue	  	Everlast Energy LLC	  	2004/5186	  	September 17, 2003	  	Section 14, T21S, R11W
					
	Arrowood, James H. and wife, Heidi Renee Arrowood	  	EVERLAST ENERGY LLC	  	2004/446	  	October 22, 2003	  	Section 13, T22S, R12W
					
	Bailey, Connie V.	  	Everlast Energy LLC	  	2004/3542	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Bailey, David Clark and wife, Traci Lynne Pate Bailey	  	Everlast Energy LLC	  	2004/3512	  	September 12, 2003	  	Section 17, T21S, R11W
					
	Baird, Connie Jannine	  	EVERLAST ENERGY LLC	  	2005/1805	  	November 1, 2004	  	Section 28, T22S, R11W
					
	Baisden, Carroll Lee and wife, Jackie N. Baisden	  	Everlast Energy LLC	  	2004/27080	  	August 10, 2004	  	Section 1, T21S, R12W
					
	Ball, Margie P.	  	Everlast Energy LLC	  	2004/5230	  	December 9, 2003	  	 Sections 4 & 9, T21S,
 R11W

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Bane Family Partnership, LTD	  	Everlast Energy LLC	  	2003/24555	  	September 17, 2003	  	Sections 19 & 31, T20S, R11W; Sections 24, 25 & 36, T20S, R12W; Section 6, T12S, R11W; Section 23, T22S, R11W
					
	Banks, Hannah	  	Everlast Energy LLC	  	2004/23287	  	August 11, 2004	  	Section 20 & 22, T22S, R11W
					
	Banks, Rodger Dale and wife, Carolyn Banks	  	EVERLAST ENERGY LLC	  	2004/5232	  	November 26, 2003	  	Section 3, T21S, R11W
					
	Barksdale, Arlis and wife, Jennifer	  	Everlast Energy LLC	  	2004/28137	  	August 16, 2004	  	Section 5, T21S, R11W
					
	Barton, Eddie	  	Everlast Energy LLC	  	2003/21495	  	July 26, 2003	  	Section 32, T20S, R11W
					
	Barton, Eddie Joe	  	Everlast Energy LLC	  	2003/24560	  	September 16, 2003	  	Section 17, T21S, R11W
					
	Barton, Harold	  	Everlast Energy LLC	  	2003/21500	  	July 26, 2003	  	Section 32, T20S, R11W
					
	Beck Bobby R. and wife, Earline B. Beck	  	EVERLAST ENERGY LLC	  	2005/1746	  	October 5, 2004	  	Section 31, T22S, R11W
					
	Beck, J.D. and wife, Sarah H. Beck	  	EVERLAST ENERGY LLC	  	2004/28139	  	October 5, 2004	  	Section 31, T22S, R11W
					
	Beck, Rebecca Celeste Scales	  	Everlast Energy LLC	  	2003/21503	  	August 8, 2003	  	Sections 5 & 6, T21S, R11W
					
	Bell, Jr., Charles Russell	  	Everlast Energy LLC	  	2004/10381	  	December 30, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Beverly-Baker, LLC	  	EVERLAST ENERGY LLC	  	2004/5206	  	November 25, 2003	  	Section 22, T22S, R12W
					
	Biggs, William Joseph and wife, Linda Sue Biggs	  	Everlast Energy LLC	  	2004/12221	  	November 24, 2003	  	Sections 26 & 34, T20S, R11W
					
	Bigham, Troy C. and wife, Sue H. Bigham	  	Everlast Energy LLC	  	2004/5203	  	October 6, 2003	  	Section 11, T21S, R11W
					
	Blackburn, Jr., Cleo and wife, Roamelia Willis Blackburn	  	EVERLAST ENERGY LLC	  	2005/6376	  	September 23, 2004	  	Section 13, T22S, R12W
					
	Bobo, Hazel L.	  	Everlast Energy LLC	  	2004/428	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Bonner, Riley Gary and wife, Nancy Utley Bonner	  	Everlast Energy LLC	  	2004/27083	  	August 12, 2004	  	Section 1, T21S, R12W
					
	Bonner, Ronald W. and wife, Minnie L. Bonner	  	Everlast Energy LLC	  	2004/438	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Booker, Joseph Washington	  	EVERLAST ENERGY LLC	  	2005/12370	  	January 10, 2005	  	Section 30, T22S, R11W

  

 2 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Booth, Arliss	  	Everlast Energy LLC	  	2004/5184	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Booth, Aubrey Raiford	  	Everlast Energy LLC	  	2004/23289	  	July 7, 2004	  	Section 34, T21S,R12W
					
	Booth Aubrey Raiford	  	Everlast Energy LLC	  	2005/1876	  	July 21, 2004	  	Section 26, T21S, R12W
					
	Booth, Derrill & Irene H. Booth	  	Everlast Energy LLC	  	2004/5305	  	November 1, 2003	  	Section 4, T21S, R11W
					
	Booth, Donald	  	Everlast Energy LLC	  	2003/24563	  	August 16, 2003	  	Section 34, T21S, R12W
					
	Booth, Faye Ellen, Individually & As A/F for Leon C. Booth	  	Everlast Energy LLC	  	2004/5200	  	November 11, 2003	  	Section 1, T21S, R11W
					
	Booth, Harold Eugene	  	Everlast Energy LLC	  	2003/21505	  	August 13, 2003	  	Sections 23 & 26, T21S, R12W
					
	Booth, Irene H.	  	Everlast Energy LLC	  	2004/5307	  	November 4, 2003	  	Section 4, T21S, R11W
					
	Booth, James L. Jr.	  	EVERLAST ENERGY LLC	  	2004/27085	  	September 1, 2004	  	Section 23, T22S,R12W
					
	Booth, Jerone Sr., and wife, Wilma L. Booth	  	Everlast Energy LLC	  		  	June 24, 2004	  	Section 34, T21S, R12W
					
	Booth, Ronald and wife Patty L. Booth	  	Everlast Energy LLC	  	2005/1802	  	October 14, 2004	  	Section 36, T20S,R12W
					
	Booth, Jr., Ronald	  	Everlast Energy LLC	  	2004/12228	  	October 21, 2003	  	Section 4, T21S, R11W
					
	Booth, Mary I.	  	Everlast Energy LLC	  	2004/12226	  	October 23, 2003	  	Section 12, T21S, R11W
					
	Booth, Randy Ray	  	Everlast Energy LLC	  	2005/1873	  	July 22, 2004	  	Section 26, T21S, R12W
					
	Booth, Randy Ray	  	Everlast Energy LLC	  	2004/28142	  	July 22, 2004	  	Section 34, T21S, R12W
					
	Booth, Jr. Robert	  	Everlast Energy LLC	  	2004/19479	  	June 7, 2004	  	Section 34, T21S, R12W
					
	Booth, Ronald	  	Everlast Energy LLC	  	2004/5621	  	November 4, 2003	  	Section 4, T21S, R11W
					
	Booth, Roy Eugene	  	Everlast Energy LLC	  	2004/12230	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Boothe, Joseph D. and wife, Janet S. Boothe	  	Everlast Energy LLC	  	2004/12232	  	September 14, 2003	  	Section 17, T21S, R11W
					
	Boothe, Kenneth Wayne	  	Everlast Energy LLC	  	2003/21508	  	August 13, 2003	  	Section 20, T21S, R11W
					
	Boothe, Waldo E. and Betty Crawford	  	Everlast Energy LLC	  	2004/5197	  	November 22, 2003	  	Section 3, T21S, R11W
					
	Boothe, William Howard and wife, Kathleen Boothe	  	Everlast Energy LLC	  	2004/5182	  	October 1, 2003	  	Section 35, T20S, R12W
					
	Boothe, William Howard Ind. and as Independent Executor under the Will of Irene O’Hanion Boothe	  	Everlast Energy LLC	  	2004/5194	  	October 1, 2003	  	Section 35, T20S, R12W & Section 2, T21S, R12W

  

 3 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Boothe, Woodrow and wife, Rosa White Boothe	  	Everlast Energy LLC	  	2004/5312	  	February 17, 2004	  	Sections 19 & 20, T22S, R11W
					
	Brand, Anthony P. and wife, Rhonda	  	Everlast Energy LLC	  	2004/3514	  	August 10, 2003	  	Section 5, T21S, R11W
					
	Brasher, David T. and wife, Mary Brasher	  	Everlast Energy LLC	  	2004/5178	  	November 25, 2003	  	Section 12, T21S, R11W
					
	 Bresnahan, Tonnie O.
 and wife, Faustine
P.
	  	Everlast Energy LLC	  	2004/12235	  	December 8, 2003	  	Section 4, T21S, R11W
					
	 Bresnahan, Tonnie O.
 and wife, Faustine
P.
	  	Everlast Energy LLC	  	2004/431	  	September 24, 2003	  	Section 4, T21S, R11W
					
	 Brewer, Phillip S. and
 wife, Haley M.
Brewer
	  	Everlast Energy LLC	  	2004/12238	  	December 12, 2003	  	Section 12, T21S, R11W
					
	Broughton, Felicia K.	  	Everlast Energy LLC	  	2004/5303	  	November 7, 2003	  	Section 4, T21S, R11W
					
	 Broughton, Glen A. and wife,
 Betty Ann
Broughton
	  	Everlast Energy LLC	  	2003/21512	  	July 29, 2003	  	Sections 4 & 5, T21S, R11W
					
	 Broughton, Glen A. and wife,
 Betty Ann
Broughton
	  	Everlast Energy LLC	  	2003/24436	  	October 7, 2003	  	Section 4, T21S, R11W
					
	Brown, Arbelene	  	EVERLAST ENERGY LLC	  	2005/1871	  	August 25, 2004	  	Section 20, T22S, R11W
					
	Brown Ardelia	  	EVERLAST ENERGY LLC	  	2005/1980	  	January 7, 2005	  	Section 30, T22S, R11W
					
	Brown, David S and Danny Junkin	  	Everlast Energy LLC	  	2004/10421	  	November 20, 2003	  	Section 2, T21S, R12W
					
	Brown, Joseph C.	  	Everlast Energy LLC	  	2004/10386	  	November 24, 2003	  	Section 2, T21S, R12W
					
	Brown, Roy Archie and wife, Maggie V. Brown	  	Everlast Energy LLC	  	2004/5362	  	November 6, 2003	  	Section 3, T21S, R11W
					
	Burge, Walton D. and wife, Candice W. Burge	  	Everlast Energy LLC	  	2004/5180	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Burke, Jr., William C. and wife, Lola E. Burke and William C. Burke, III	  	Everlast Energy LLC	  	2004/3544	  	October 28, 2003	  	Section 9, T21S, R11W
					
	 Burkhalter, William T.
 and wife, Jeanetta C.
Burkhalter
	  	Everlast Energy LLC	  	2003/24566	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Burroughs A. R.	  	Everlast Energy LLC	  	2004/27087	  	July 28, 2004	  	Section 26, T21S, R12W
					
	Burroughs, Archie L.	  	Everlast Energy LLC	  	2005/1869	  	July 28, 2004	  	Section 26, T21S, R11W
					
	Burroughs, Billy Ray as Executor and Trustee Under the Will of Calvin Doyle Burroughs	  	Everlast Energy LLC	  	2003/22904	  	August 10, 2003	  	Sections 11 & 12, T21S, R12W

  

 4 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Burroughs, Darlene Booth and husband, Flavis L. Burroughs	  	Everlast Energy LLC	  	2004/5190	  	September 12, 2003	  	Sections 17 & 20, T21S, R11W
					
	Burroughs, David L.	  	Everlast Energy LLC	  	2005/1866	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Burroughs, Falvis L.	  	Everlast Energy LLC	  	2004/27089	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Burroughs, Helen Partrich	  	EVERLAST ENERGY LLC	  	2004/3547	  	October 20, 2003	  	Section 14, T22S, R12W
					
	Burrough, Irma Addilene	  	Everlast Energy LLC	  	2005/1820	  	July 27, 2004	  	Section 26, T21S, R12W
					
	Burroughs, James Barry and wife, Amanda S. Burroughs	  	EVERLAST ENERGY LLC	  		  	November 11, 2004	  	Section 13, T22S, R12W
					
	Burroughs, Jeremy Patrick	  	EVERLAST ENERGY LLC	  	2004/5317	  	December 2, 2003	  	Section 15, T22S, R12W
					
	Burroughs, Jerry W.	  	Everlast Energy LLC	  	2004/27091	  	September 1, 2004	  	Section 14, T21S, R12W
					
	Burroughs, Jimmy	  	Everlast Energy LLC	  	2004/27093	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Burroughs, Joe Thomas and wife, Janet P. Burroughs	  	EVERLAST ENERGY LLC	  	2004/3549	  	October 30, 2003	  	Section 12, T22S, R12W
					
	 Burroughs, Joseph
 William and wife, Cynthia
Burroughs
	  	Everlast Energy LLC	  	2004/5301	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Burroughs, Martha Olene	  	Everlast Energy LLC	  	2005/1906	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Burroughs Mary Ruth	  	EVERLAST ENERGY LLC	  	2004/3551	  	October 15, 2003	  	Sections 11, 12, 13 & 14, T22S, R12W
					
	Burroughs, Montgomery and wife, Mavis Burroughs	  	EVERLAST ENERGY LLC	  	2005/6392	  	December 9, 2004	  	Section 13, T22S, R12W
					
	Burroughs, Murray Joe	  	Everlast Energy LLC	  	2005/1863	  	July 27, 2004	  	Section 26, T21S, R12W
					
	 Burroughs, Richard O.,
 et ux
	  	Everlast Energy LLC	  	2003/21529	  	July 3, 2003	  	Section 25, T21S, R12W
					
	 Burroughs, Richard
 Verdo
	  	EVERLAST ENERGY LLC	  	2004/5225	  	December 2, 2003	  	Section 15, T22S, R12W
					
	Burroughs, Roger	  	Everlast Energy LLC	  	2005/1860	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Burroughs, Sally	  	Everlast Energy LLC	  	2004/5299	  	November 1, 2003	  	Section 2, T21S, R12W
					
	Burroughs, Terry and wife, Cindy Burroughs	  	EVERLAST ENERGY LLC	  	2005/6374	  	November 11, 2004	  	Section 13, T22S, R12W
					
	 Burroughs, William
 Leslie and wife Jean Peeks
Burroughs
	  	EVERLAST ENERGY LLC	  	2004/3516	  	October 17, 2003	  	Section 11, T22S, R12W
					
	 Burroughs, William
 Leslie and wife Jean Peeks
Burroughs
	  	EVERLAST ENERGY LLC	  	2004/3519	  	October 17, 2003	  	Sections 14, 22 & 23, T22S, R12W

  

 5 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	 Burroughs, William
 Verdo and wife, Helen Partrich
Burroughs
	  	Everlast Energy LLC	  	2004/3554	  	October 17, 2003	  	Section 11, T22S, R12W
					
	Byrd, Benford O. and Bessie Kay	  	Everlast Energy LLC	  	2004/5156	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Cade, Norman Christopher and wife, Vanessa Jefferson Cade	  	EVERLAST ENERGY LLC	  	2004/5152	  	November 21, 2003	  	Section 18, T22S, R11W; Section 13, T22S, R12W
					
	Cain, Shirley M.	  	Everlast Energy LLC	  	2003/22908	  	September 2, 2003	  	Section 17, T21S, R11W
					
	Calabrese, Joel Patrick and wife, Shirley Ann Calabrese	  	Everlast Energy LLC	  	2004/12240	  	December 11, 2003	  	Section 4, T21S, R11W
					
	Calabrese, Joel P., Jr.	  	EVERLAST ENERGY LLC	  	2005/12374	  	December 2, 2004	  	Section 13, T22S, R12W
					
	Cammon, Eula	  	EVERLAST ENERGY LLC	  	2004/23292	  	August 17, 2004	  	Section 20, T22S, R11W
					
	Camp, Johnny C. and wife, Jo Ann Camp	  	Everlast Energy LLC	  	2004/5293	  	November 17, 2003	  	Section 19, T21S, R11W
					
	 Campbell, Stephen
 M. and wife Lara V.
Campbell
	  	Everlast Energy LLC	  	2004/5150	  	November 4, 2003	  	Section 12, T21S, R11W
					
	 Campbell, Terry W. and wife,
 Carolyn M.
Campbell
	  	Everlast Energy LLC	  	2004/440	  	November 1, 2003	  	Section 12, T21S, R11W
					
	Capley, Denny	  	Everlast Energy LLC	  	2003/24572	  	September 17, 2003	  	Section 30, T21S, R11W
					
	 Carpenter, E. M. and
 wife, Mary M.
Carpenter
	  	Everlast Energy LLC	  	2003/24438	  	October 5, 2003	  	Section 20, T21S, R11W
					
	Carter, Kenneth M. and wife, Pamela M. Carter	  	EVERLAST ENERGY LLC	  	2005/1799	  	October 28, 2003	  	Section 13, T22S, R12W
					
	Chamblee, Jerry L. and wife, Myniley E. Chamblee	  	Everlast Energy LLC	  	2003/24440	  	October 5, 2003	  	Section 20, T21S, R11W
					
	Channell, Charles Edward and wife, Wanda Gail Channell	  	Everlast Energy LLC	  	2004/23294	  	July 20, 2004	  	Section 34, T21S, R12W
					
	Channell, James Ray and wife, Shirley Jean Channell	  	Everlast Energy LLC	  	2004/5147	  	November 8, 2003	  	Section 1, T21S, R12W
					
	Channell, Jr., James Leon and wife, Cecelia D. Channell	  	Everlast Energy LLC	  	2003/24442	  	September 17, 2003	  	Section 30, T21S, R11W
					
	Channell, L.J.	  	Everlast Energy LLC	  	2003/24575	  	September 17, 2003	  	Section 1, T21S, R12W
					
	Channell, Mary Lee	  	Everlast Energy LLC	  	2004/23298	  	August 2, 2004	  	Section 26, T21S, R12W

  

 6 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Chism, Jr. John P. and wife, Josefa D. Chism	  	Everlast Energy LLC	  	2004/450	  	November 25, 2003	  	Section 33, T20S, R11W
					
	Christian, Wynona B.	  	Everlast Energy LLC	  	2003/22917	  	August 28, 2003	  	Section 4, T21S, R11W
					
	 Clark, Mamie R.
 Cornelius
	  	Everlast Energy LLC	  	2003/24577	  	September 17, 2003	  	Section 11, T21S, R11W
					
	Clements, Glenn P. and wife, Crystle C. Clements	  	Everlast Energy LLC	  	2004/434	  	September 28, 2003	  	Section 20, T21S, R11W
					
	Cleveland, Mary	  	EVERLAST ENERGY LLC	  	2004/23301	  	August 24, 2004	  	Sections 20 & 22, T22S, R11W
					
	Coker Baptist Church	  	Everlast Energy LLC	  	2005/6379	  	December 12, 2004	  	Sections 3, 4 & 9, T21S, R11W
					
	Coker Water Authority, Inc.	  	Everlast Energy LLC	  	2004/5623	  	November 3, 2003	  	Section 4, T21S, R11W
					
	Colby, James I. N.	  	EVERLAST ENERGY LLC	  	2005/1751	  	October 10, 2004	  	Sections 22 & 23, T22S, R11W
					
	Coleman, Willie E. also known as W. E. Coleman	  	Everlast Energy LLC	  	2003/22924	  	September 1, 2003	  	Section 22 & 23, T21S, R12W
					
	Collins, Ronnie Scott and wife, Terrie W. Collins	  	Everlast Energy LLC	  	2004/5626	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Cook, Brian	  	EVERLAST ENERGY LLC	  	2005/1903	  	September 21, 2004	  	Section 20, T22S, R11W
					
	Cook, Clevelle	  	EVERLAST ENERGY LLC	  	2004/27107	  	September 21, 2004	  	Section 20, T22S, R11W
					
	Cook, Gene	  	Everlast Energy LLC	  	2005/1793	  	July 16, 2004	  	Section 1, T21S, R12W
					
	Cook, Jr., James T. and wife, Betty Jean Pate Cook	  	Everlast Energy LLC	  	2004/5144	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Cook, Michael	  	EVERLAST ENERGY LLC	  	2005/1901	  	September 21, 2004	  	Section 20, T21S, R11W
					
	Cooper, Alonzo	  	EVERLAST ENERGY LLC	  	2004/27105	  	August 17, 2004	  	Section 20, T22S, R11W
					
	Cooper, Michael	  	EVERLAST ENERGY LLC	  	2004/27100	  	September 9, 2004	  	Section 20, T22S, R11W
					
	Copeland, Betty A.	  	Everlast Energy LLC	  	2004/442	  	October 26, 2003	  	Section 12, T21S, R11W
					
	 Cork, Sr., Franklin W.
 and wife Wilma W.
Cork
	  	Everlast Energy LLC	  	2003/24579	  	August 16, 2003	  	Section 17, T21S, R11W
					
	Cox, Dorothy	  	EVERLAST ENERGY LLC	  	2004/12243	  	December 31, 2003	  	Section 21, T21S, R11W
					
	Cox, Jeannine and husband, John B. Cox	  	Everlast Energy LLC	  	2004/3557	  	August 11, 2003	  	Section 4 & 9, T21S, R11W
					
	Cox, Jeannine and husband, John B. Cox	  	Everlast Energy LLC	  	2003/21524	  	October 8, 2003	  	Section 4, T21S, R11W
					
	Crawford, Paul S. and wife, Christina L. Crawford	  	EVERLAST ENERGY LLC	  	2004/5142	  	October 30, 2003	  	Section 12, T22S, R12W

  

 7 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Crocker, James Russell	  	Everlast Energy LLC	  	2004/3559	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Crocker, Linda Mae and husband, Russell Crocker	  	Everlast Energy LLC	  	2004/5140	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Crotts, Jerry W. and wife, Carolyn Crotts	  	Everlast Energy LLC	  	2004/3522	  	October 22, 2003	  	Section 4, T21S, R11W
					
	Dalton, John Ralph and wife, Kristina L. Dalton	  	Everlast Energy LLC	  	2005/1858	  	October 29, 2004	  	Section 11, T21S, R11W
					
	Daniel, Jr., Thomas W., Trustee	  	Everlast Energy LLC	  	2003/24582	  	September 5, 2003	  	Section 12, T21S, R12W
					
	Davant James E.	  	Everlast Energy LLC	  	2004/5132	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Davant William Louis	  	Everlast Energy LLC	  	2004/5136	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W, Section 3, T22S, R12W
					
	Davant, Jr., Robert M.	  	Everlast Energy LLC	  	2003/24589	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Davis, Brenda Raye	  	Everlast Energy LLC	  	2003/24444	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Davis, Charles and wife, Cornelia L. Davis	  	EVERLAST ENERGY LLC	  	2005/6382	  	August 30, 2004	  	Section 13, T22S, R12W
					
	Davis, Derek H.	  	Everlast Energy LLC	  	2004/5221	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Davis, Stephanie Foster	  	EVERLAST ENERGY LLC	  	2003/24597	  	October 9, 2003	  	Section 24, T22S, R12W
					
	Dawson, Leighton Estate	  	Everlast Energy LLC	  	2003/21535	  	May 28, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Dawson, R. Matt	  	Everlast Energy LLC	  	2003/21542	  	May 28, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Dawson, R. Matt	  	Everlast Energy LLC	  	2004/5721	  	December 11, 2003	  	Section 25, T20S, R12W
					
	Dean, Jimmy and wife, Brenda Dean	  	Everlast Energy LLC	  	2004/10388	  	December 1, 2003	  	Section 35, T20S, R12W
					
	Dearman, William R. and wife, Marie M. Dearman	  	Everlast Energy LLC	  	2003/21549	  	August 23, 2003	  	Section 34, 520S, R11W

  

 8 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	 Defreese, Nimon Paul
 and wife, Leigh
Defreese
	  	Everlast Energy LLC	  	2004/10393	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Denby, Frank	  	EVERLAST ENERGY LLC	  	2005/1899	  	September 23, 2004	  	Section 20, T22S, R11W
					
	Denby, Thomas	  	EVERLAST ENERGY LLC	  	2004/27098	  	September 23, 2004	  	Section 20, T22S, R11W
					
	 Dickerson, Gary and
 wife, Georgia
	  	Everlast Energy LLC	  	2004/5130	  	October 9, 2003	  	Section 5, T21S, R11W
					
	Dickson, Arkeisha	  	EVERLAST ENERGY LLC	  	2005/12379	  	January 10, 2005	  	Section 24, T22S, R12W
					
	Dickson, Ida R., etal	  	EVERLAST ENERGY LLC	  	2005/1982	  	January 10, 2005	  	Section 24, T22S, R12W
					
	 Dockery, Billy R. and
 wife, Annie
Dockery
	  	Everlast Energy LLC	  	2004/5339	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Dodson Jack R.	  	Everlast Energy LLC	  	2004/10395	  	December 11, 2003	  	Section 25, T20S, R12W
					
	Dodson, Jack R. Jr.	  	Everlast Energy LLC	  	2003/21552	  	June 6, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Dodson, Kathryn Davant	  	Everlast Energy LLC	  	2003/21557	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Dodson, Kathryn Davant	  	Everlast Energy LLC	  	2004/5729	  	December 11, 2003	  	Section 25, T20S, R12W
					
	 Donald, III, William
 James and wife, Aldis A.
Donald
	  	Everlast Energy LLC	  	2003/24446	  	September 30, 2003	  	Section 3, T20S, R11W
					
	Duckworth, Jr., F. Edward	  	Everlast Energy LLC	  	2004/5628	  	November 24, 2003	  	Section 1, T21S, R12W
					
	Duckworth, Jr., Ronald P.	  	Everlast Energy LLC	  	2004/5631	  	December 15, 2003	  	Section 1, T21S, R12W
					
	Duckworth, Ronald P.	  	Everlast Energy LLC	  	2004/5633	  	December 15, 2003	  	Section 1, T21S, R12W
					
	Duncan Vera c/o Martha D. Fincher	  	EVERLAST ENERGY LLC	  	2004/5103	  	November 25, 2003	  	Section 20, T22S, R11W
					
	Duncan, J. C. and wife, Margie J. Duncan	  	EVERLAST ENERGY LLC	  	2004/5128	  	November 21, 2003	  	Section 20, T22S, R11W
					
	Dunn, Cathy G.	  	Everlast Energy LLC	  	2004/5101	  	November 6, 2003	  	Section 4, T21S, R11W
					
	Dunn, Steve J. and wife, Nichole L. Dunn	  	Everlast Energy LLC	  	2004/10400	  	December 4, 2003	  	Section 12, T21S, R11W
					
	Dunnum, Thomas E. III	  	Everlast Energy LLC	  	2003/21562	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Dunnum, Thomas E. III	  	Everlast Energy LLC	  	2004/5726	  	December 11, 2003	  	Section 25, T20S, R12W
					
	Dupree, Patricia Jones	  	EVERLAST ENERGY LLC	  	2005/1768	  	September 25, 2004	  	Section 21, T22S, R11W
					
	Duren, Timothy, etux	  	Everlast Energy LLC	  	2003/21567	  	August 12, 2003	  	Section 4, T21S

  

 9 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Connie T. Duren	  		  		  		  	R11W
					
	 Dyer, Douglas and
 Martha Dyer
	  	Everlast Energy LLC	  	2005/12376	  	September 12, 2003	  	Section 4 & 11, T21S, R11W
					
	Dyer, Jeffery S.	  	Everlast Energy LLC	  	2004/10423	  	November 10, 2003	  	Section 1, T21S, R12W
					
	Edge, Helen	  	Everlast Energy LLC	  	2004/5337	  	November 6, 2003	  	Section 3, T21S, R11W
					
	 Elizabeth H. and Richard P. Holman Irrevocable Trust dated, December
 8, 1992
	  	Everlast Energy LLC	  	2004/3566	  	November 21, 2003	  	Section 19, T20S, R11W
					
	Elizabeth H. and Richard P. Homan Irrevocable Trust No. 3	  	Everlast Energy LLC	  	2004/3563	  	November 21, 2003	  	Section 23, T22S, R11W
					
	Elizabeth H. Homan #2 LLC	  	Everlast Energy LLC	  	2004/3569	  	November 21, 2003	  	Section 31, T20S, R11W; 24, 25, & 36, T20S, R12W
					
	 Elliott, Bertus Delano
 and wife, Marilyn
Elliott
	  	Everlast Energy LLC	  	2004/444	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Elmore, Peggy D.	  	Everlast Energy LLC	  	2004/5636	  	November 24, 2003	  	Section 1, T21S, R12W
					
	Emerson, Ann Burroughs	  	Everlast Energy LLC	  	2005/1855	  	July 29, 2004	  	Section 26, T21S, R12W
					
	 Estes, Lannie S. and
 wife, Mable Channell
Estes
	  	Everlast Energy LLC	  	2005/1771	  	June 21, 2004	  	Section 34, T21S, R12W
					
	Evers, Maria Medina	  	EVERLAST ENERGY LLC	  	2004/393	  	October 9, 2003	  	Section 24, T22S, R12W
					
	Fair, James M.	  	Everlast Energy LLC	  	2003/24599	  	July 29, 2003	  	Section 32, T20S, R11W; Section 5, T21S, R11W
					
	Fair, James M. and wife, Doris N. Fair	  	Everlast Energy LLC	  	2004/5071	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Fair, James M. and wife, Doris N. Fair	  	Everlast Energy LLC	  	2004/5073	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Fair, James M. and wife, Doris N. Fair	  	Everlast Energy LLC	  	2004/5075	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Fair, James M. and wife, Dornis N. Fair	  	Everlast Energy LLC	  	2004/5077	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Falls, Karon Dale	  	Everlast Energy LLC	  	2004/5291	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Farley, Melgium	  	EVERLAST ENERGY LLC	  	2004/23304	  	August 24, 2004	  	Sections 20 & 22, T22S, R11W
					
	Farmer, Dorothy C., Trustee	  	Everlast Energy LLC	  	2004/19481	  	June 14, 2004	  	Section 21 & 22, T22S, R11W
					
	Faulkner, Barry L. and wife, Cheryl C. Faulkner	  	Everlast Energy LLC	  	2004/436	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Findley, Margaret K.	  	Everlast Energy LLC	  	2003/22932	  	August 9, 2003	  	Sections 21 & 23, T21S, R11W

  

 10 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Findley, Margaret K. Ind. and as Trustee of the Herbert Lyman Findley, Jr. Marital Trust	  	Everlast Energy LLC	  	2003/21570	  	September 19, 2003	  	Section 26, T21S, R11W
					
	Fisher, Jr., Robert Owen	  	Everlast Energy LLC	  	2004/5170	  	December 11, 2003	  	Section 9, T21S, R11W
					
	Fleming, Doris Howard	  	Everlast Energy LLC	  	2004/5289	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Foley, Kenneth C.	  	Everlast Energy LLC	  	2003/21573	  	July 21, 2003	  	Section 8, T21S, R11W
					
	Foster, Brenda single woman	  	EVERLAST ENERGY LLC	  	2003/24601	  	October 4, 2003	  	Section 24, T22S, R12W
					
	Foster, Cleveland a married man	  	EVERLAST ENERGY LLC	  	2003/24449	  	October 4, 2003	  	Section 24, T22S, R12W
					
	Foster, Houston	  	EVERLAST ENERGY LLC	  	2004/27161	  	August 4, 2004	  	Section 20, T22S, R12W
					
	Foster, Houston, etal	  	EVERLAST ENERGY LLC	  	2004/23810	  	August 19, 2004	  	Section 20, T22S, R12W
					
	Foster, Houston	  	EVERLAST ENERGY LLC	  	2004/23307	  	August 27, 2004	  	Section 22, T22S, R12W
					
	Foster, Jr., Joseph	  	EVERLAST ENERGY LLC	  	2003/22937	  	September 25, 2003	  	Section 13, T22S, R12W
					
	Foster, Jr., Joseph	  	EVERLAST ENERGY LLC	  		  	September 25, 2003	  	Section 24, T22S, R12W
					
	Foster, Lester	  	EVERLAST ENERGY LLC	  	2005/1749	  	August 8, 2004	  	Section 20, T22S, R11W
					
	Foster, Lester	  	EVERLAST ENERGY LLC	  	2004/27075	  	August 27, 2004	  	Section 22, T22S, R11W
					
	Foster, Sr. Pearlie	  	EVERLAST ENERGY LLC	  	2004/391	  	October 2, 2003	  	Section 24, T22S, R12W
					
	Foster, Percy	  	EVERLAST ENERGY LLC	  	2004/23312	  	August 8, 2004	  	Section 20, T22S, R11W
					
	Foster, Percy	  	EVERLAST ENERGY LLC	  	2004/23282	  	August 27, 2004	  	Section 22, T22S, R11W
					
	 Foster, Virginia and
 Jack J. Foster
	  	EVERLAST ENERGY LLC	  	2004/10369	  	October 7, 2003	  	Section 24, T22S, R12W
					
	Fountain, Janice	  	EVERLAST ENERGY LLC	  	2004/5098	  	September 24, 2003	  	Section 10, T21S, R11W
					
	 Frazier, Debbie
 Robinson
	  	EVERLAST ENERGY LLC	  	2004/27096	  	September 21, 2004	  	Section 20, T22S, R11W
					
	Fricke, Carolyn Davant	  	Everlast Energy LLC	  	2004/10402	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Galloway, Kenneth Dupree and wife, Soneia B. Galloway	  	Everlast Energy LLC	  	2004/5285	  	December 10, 2003	  	Section 1, T21S, R11W
					
	Gann, Joseph Lee and wife, Monica J. Gann	  	Everlast Energy LLC	  	2004/5069	  	October 29, 2003	  	Section 12, T21S, R11W

  

 11 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Gardiner, Don and wife, Jaunita W. Gardiner	  	Everlast Energy LLC	  	2004/5283	  	November 25, 2003	  	Section 33, T20S, R11W
					
	Geer, W.O. and wife, Myrtle B. Geer	  	Everlast Energy LLC	  	2004/5094	  	November 1, 2003	  	Section 25, T21S, R12W
					
	 Gilliam, Ralph Wayne
 and wife, Sylvia Partrich Burroughs
Gilliam
	  	EVERLAST ENERGY LLC	  	2004/448	  	October 2, 2003	  	Section 11, T22S, R12W
					
	Gilliam, Sylvia Partrich Burroughs	  	EVERLAST ENERGY LLC	  	2004/425	  	October 2, 2003	  	Sections 11 & 14, T22S, R12W
					
	Glover, James O.	  	Everlast Energy LLC	  	2004/19483	  	June 14, 2004	  	Section 21, T22S, R11W
					
	Glover, Norma	  	EVERLAST ENERGY LLC	  	2004/27110	  	August 16, 2004	  	Sections 20 & 22, T22S, R11W
					
	Goins, Gary Bernard and wife, Cathy Marie Goins	  	Everlast Energy LLC	  	2004/5067	  	October 23, 2003	  	Section 1, T21S, R11W
					
	Goins, Ollie Jewel	  	EVERLAST ENERGY LLC	  	2004/12245	  	December 30, 2003	  	Section 20, T22S, R11W
					
	Goodman, Joe L. and wife, Minnie P. Goodman	  	Everlast Energy LLC	  	2004/5168	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Gordon, Nora Lee	  	Everlast Energy LLC	  	2004/5366	  	November 1, 2003	  	Section 30, T20S, R11W; Sections 1 & 23, T21S, R12W
					
	Goree, William F. and wife, Mary Beth Goree	  	Everlast Energy LLC	  	2003/21579	  	July 22, 2003	  	Section 20, T20S, R11W
					
	Goss, Kathryn Dodson	  	Everlast Energy LLC	  	2003/21582	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Gradick, John E. Jr.	  	Everlast Energy LLC	  	2003/24603	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	 Gray, George Rolland
 and Debra K. Gray, husband and
wife
	  	Everlast Energy LLC	  	2003/21576	  	August 11, 2003	  	Section 34, T21S, R12W
					
	Gregory, Vivian L.	  	EVERLAST ENERGY LLC	  	2005/1796	  	October 6, 2004	  	Sections 10 & 15, T22S, R12W
					
	Groenedyke, Jr., Richard A.	  	Everlast Energy LLC	  	2004/5090	  	November 20, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Guin, Joe E.	  	Everlast Energy LLC	  	2003/24610	  	July 29, 2003	  	Section 20, T20S, R11W
					
	Guin, Joe E. and wife, Ruby C. Guin	  	Everlast Energy LLC	  	2003/21587	  	July 24, 2003	  	Section 6, T21S, R11W
					
	Gulf States Paper Corporation	  	Everlast Energy LLC	  	2004/5254	  	July 9, 2003	  	Sections 32 & 33, T20S, R11W; 2, 16, 17 & 21, T21S, R11W
					
	Gulf States Paper Corporation	  	Everlast Energy LLC	  	2005/1839	  	July 7, 2004	  	Section 35, T20S, R11W

  

 12 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Gunn, Laura A.	  	Everlast Energy LLC	  	2003/21589	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Gunn, Laura A.	  	Everlast Energy LLC	  	2004/5639	  	December 11, 2003	  	Section 25, T20S, R12W
					
	Haglar, Ruth Leona and husband, George Glen Hagler	  	Everlast Energy LLC	  	2003/24617	  	September 27, 2003	  	Section 20, T21S, R11W
					
	Hale, Dayton F.	  	Everlast Energy LLC	  	2003/21595	  	August 1, 2003	  	Sections 35 & 36, T20S, R12W; Section 34, T21S, R12W
					
	Hall, J.B. and Elizabeth Dean Hall	  	Everlast Energy LLC	  	2003/24619	  	August 21, 2003	  	Section 1, T21S, R12W
					
	Hall, Josie B. and husband, Thomas B. Hall	  	EVERLAST ENERGY LLC	  	2005/1837	  	August 18, 2004	  	Section 10, T22S, R12W
					
	Hall, Kerry Martin	  	Everlast Energy LLC	  	2004/5251	  	November 25, 2003	  	Section 34, T20S, R12W
					
	 Hall, Robert Ray and
 wife, Bobbie Sue
Hall
	  	Everlast Energy LLC	  	2004/5642	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Hallman, David P. and wife, Dorothy Hallman & Armel Hallman	  	Everlast Energy LLC	  	2004/3561	  	October 28, 2003	  	Section 1, T21S, R12W
					
	Hallman, J.L.	  	Everlast Energy LLC	  	2003/21601	  	July 24, 2003	  	Section 35, T20S, R12W
					
	Hamner, Amye B.	  	Everlast Energy LLC	  	2004/5280	  	November 12, 2003	  	Section 1, T21S, R12W
					
	Hamner, Amye B.	  	Everlast Energy LLC	  	2004/12247	  	November 12, 2003	  	Section 1, T21S, R12W
					
	Hamner, Wilburn C. and wife, Edith G. Hamner	  	Everlast Energy LLC	  	2004/5065	  	December 1, 2003	  	Section 1, T22S, R12W
					
	Hanna, Eula D.	  	EVERLAST ENERGY LLC	  	2003/22875	  	November 21, 2003	  	Section 20, T22S, R11W
					
	Hanson, James Dewitte and wife, Sharon Barger Hanson	  	Everlast Energy LLC	  	2004/23314	  	June 15, 2004	  	Section 34, T21S, R12W
					
	Hanson, Sharon Barger	  	Everlast Energy LLC	  	2004/27114	  	July 21, 2004	  	Section 26, T21S, R12W
					
	Hanson, Patricia Vandegraaf	  	Everlast Energy LLC	  	2003/21659	  	August 5, 2003	  	Sections 2 & 3, T21S, R12W
					
	Hardy, Shirley Sealey	  	EVERLAST ENERGY LLC	  	2005/6384	  	December 11, 2004	  	Section 13, T22S, R12W
					
	Harless, Michael T. and wife, Karen W. Harless	  	Everlast Energy LLC	  	2004/5063	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Hardy, Linda Joyce	  	EVERLAST ENERGY LLC	  	2004/23317	  	September 10, 2004	  	Section 20, T22S, R11W
					
	Harper, Socrates and wife, Consuella J. Harper	  	Everlast Energy LLC	  	2004/5716	  	January 21, 2004	  	Section 13, T22S, R12W
					
	Harper, Truella M. Foster	  	EVERLAST ENERGY LLC	  	2003/24621	  	October 8, 2003	  	Section 24, T22S, R12W

  

 13 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Harrell, Roberta	  	EVERLAST ENERGY LLC	  	2004/10406	  	January 2, 2004	  	Section 20, T22S, R11W
					
	Harris, Larry	  	EVERLAST ENERGY LLC	  	2005/761	  	January 6, 2005	  	Section 13, T22S, R12W
					
	Harris, Ruthleen McKinney	  	EVERLAST ENERGY LLC	  	2004/5610	  	October 22, 2003	  	Section 24, T22S, R12W
					
	Hartley, Jr. Arthur and wife, Tina Hartley	  	Everlast Energy LLC	  	2004/28135	  	September 2, 2004	  	Section 36, T20S, R12W
					
	Harvest LLC	  	EVERLAST ENERGY LLC	  	2005/1984	  	January 18, 2005	  	Section 13, T22S, R12W
					
	Hawkins, Sr., Earnest, and wife Rebecca R. Hawkins	  	EVERLAST ENERGY LLC	  	2005/1830	  	September 1, 2004	  	Section 14, T22S, R12W
					
	Henderson, Gene Koster	  	Everlast Energy LLC	  	2003/22939	  	August 9, 2003	  	Section 21 & 23, T21S, R11W
					
	Herndon, Howard	  	Everlast Energy LLC	  	2004/5309	  	September 23, 2003	  	Section 10, T21S, R11W
					
	Hester, James R. and wife, Debra T. Hester	  	Everlast Energy LLC	  	2004/5644	  	December 6, 2003	  	Section 33, T20S, R11W
					
	Hicks, Dora Dean Washington	  	EVERLAST ENERGY LLC	  	2004/27163	  	September 29, 2004	  	Section 26, T22S, R12W
					
	Hicks, Dora D.	  	EVERLAST ENERGY LLC	  	2005/12372	  	January 7, 2005	  	Section 30, T22S, R11W
					
	Hicks, Gary and Angie	  	Everlast Energy LLC	  	2004/422	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Hicks, Glenn Tracey and wife, Donna Michelle Hicks	  	Everlast Energy LLC	  	2004/420	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Higgins, Kathryn Davant	  	Everlast Energy LLC	  	2004/5246	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Hill, Annie Ruth	  	EVERLAST ENERGY LLC	  	2004/12250	  	December 30, 2003	  	Section 20, T22S, R11W
					
	Hill, Jr., Billy	  	EVERLAST ENERGY LLC	  	2004/23319	  	September 10, 2004	  	Section 20, T22S, R11W
					
	Hill, David M. and wife, Beverly E. Hill	  	Everlast Energy LLC	  	2005/1828	  	August 18, 2004	  	Section 1, T21S, R12W
					
	Hill, James A.	  	EVERLAST ENERGY LLC	  	2005/1826	  	October 29, 2004	  	Section 28, T22S, R11W
					
	Hill, John E.	  	EVERLAST ENERGY LLC	  	2004/12252	  	December 20, 2003	  	Section 20, T22S, R11W
					
	Hill, Richard M.	  	EVERLAST ENERGY LLC	  	2005/1791	  	November 3, 2004	  	Section 27 & 28, T22S, R11W
					
	Hinson, Christopher W. and wife, Amy E. Hinson	  	Everlast Energy LLC	  	2004/12254	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Hinton, Charles Anthony and wife, Josie D. Hinton	  	Everlast Energy LLC	  	2004/19485	  	June 23, 2004	  	Section 5, T21S, R11W

  

 14 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Hinton, Jane	  	Everlast Energy LLC	  	2004/23323	  	June 24, 2004	  	Section 5, T21S, R11W
					
	Hinton, Linda Smalley	  	Everlast Energy LLC	  	2004/5646	  	November 2, 2003	  	Section 17, T21S, R12W
					
	Hitt, Ottis Deal and wife, Martha Elois Hitt	  	Everlast Energy LLC	  	2004/12258	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Hitt, Terry Ray	  	Everlast Energy LLC	  	2004/12256	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Holland, Alice B. and Michelle Elaine Latner	  	Everlast Energy LLC	  	2004/3527	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Hollingsworth, Arden Norris	  	EVERLAST ENERGY LLC	  	2003/24451	  	October 24, 2003	  	Section 30, T22S, R1W; Section 25, T22S, R12W
					
	 Hollingsworth, Douglas
 H. and wife, Martha J.
Hollingsworth
	  	Everlast Energy LLC	  	2004/5087	  	November 1, 2003	  	Section 23, T20S, R11W; Sections 9 & 17, T21S, R11W
					
	Hollingsworth, III, James H.	  	EVERLAST ENERGY LLC	  	2004/5648	  	October 28, 2003	  	Section 25, T22S, R12W
					
	Holly Springs Baptist Church	  	EVERLAST ENERGY LLC	  	2004/5125	  	October 27, 2003	  	Section 24, T22S, R12W
					
	Holman Investments, L.L.C.	  	Everlast Energy LLC	  	2004/3572	  	November 21, 2003	  	Section 6, T21S, R11W
					
	Holman, James Albert	  	Everlast Energy LLC	  	2004/8600	  	March 11, 2004	  	Section 19, T20S, R11W; Sections 24 & 25, T20S, R12W; Section 6, T21S, R12W; Section 23, T22S, R11W
					
	Holman, Zackary and wife, Jennifer Holman	  	EVERLAST ENERGY LLC	  	2004/5059	  	October 30, 2003	  	Section 3, T22S, R12W
					
	Hopkins, Richard Dale and wife, Janie Lee M. Hopkins	  	Everlast Energy LLC	  	2004/5657	  	November 5, 2003	  	Section 2, T22S, R11W
					
	Hopson, Bertha Lee Washington	  	EVERLAST ENERGY LLC	  	2004/28150	  	September 22, 2004	  	Section 26, T22S, R12W
					
	Hopson, Bertha L.	  	EVERLAST ENERGY LLC	  	2005/765	  	January 5, 2005	  	Section 30, T22S, R11W
					
	Horton, Vera W.	  	EVERLAST ENERGY LLC	  	2004/27066	  	September 29, 2004	  	Section 22, T22S, R11W
					
	Houston, Tommie Lynn	  	Everlast Energy LLC	  	2003/21603	  	August 5, 2003	  	Section 19 & 20, T20S, R11W
					
	Huggins, Salarano	  	EVERLAST ENERGY LLC	  	2004/23328	  	August 24, 2004	  	Section 20 & 22, T22S, R11W
					
	Hughes, Ronald Joe and wife, Sherry Hughes	  	Everlast Energy LLC	  	2004/5085	  	November 1, 2003	  	Section 9, T21S, R11W
					
	Hulsey, Marie K.	  	Everlast Energy LLC	  	2004/387	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Hundley, Valerie L.	  	Everlast Energy LLC	  	2004/5217	  	December 30, 2003	  	 Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3,
 T22S, R12W

  

 15 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Hutchinson, Jesse Randall and wife, Betty Jo Hutchinson	  	Everlast Energy LLC	  	2004/23325	  	June 28, 2004	  	Section 1, T21S, R12W
					
	 Hutton, Ross C. and
 wife, Jo Anne C.
Hutton
	  	Everlast Energy LLC	  	2003/21605	  	July 7, 2003	  	Section 7, T21S, R11W; Section 12, T21S, R12W
					
	Hysaw, Stephen A., single	  	Everlast Energy LLC	  	2004/3524	  	September 23, 2003	  	Section 4, T21S, R11W
					
	Hysaw, Stephen A., single	  	Everlast Energy LLC	  	2004/418	  	October 20, 2003	  	Section 4, T21S, R11W
					
	Ike, Verlena Foster	  	Everlast Energy LLC	  	2004/5315	  	December 18, 2003	  	Section 24, T22S, R12W
					
	Jackson, Johnny D. And wife, Gail L. Jackson	  	Everlast Energy LLC	  	2004/5121	  	November 1, 2003	  	Section 9, T21S, R11W
					
	Jacobs, A.J. and wife, Juanita S. Jacobs	  	Everlast Energy LLC	  	2004/415	  	October 26, 2003	  	Section 12, T21S, R11W
					
	James Graham Brown Foundation, Inc.	  	Everlast Energy LLC	  	2004/21515	  	September 23, 2003	  	Section 27, 29 & 30; T20S, R11W; Section 26, T20S, R12W
					
	James, Thomas A.	  	Everlast Energy LLC	  	2003/24454	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Johnson, Annie Pearl McKinney	  	EVERLAST ENERGY LLC	  	2004/5615	  	October 22, 2003	  	Section 24, T22S, R12W
					
	Johnson, Ella M.	  	EVERLAST ENERGY LLC	  	2005/1970	  	January 7, 2005	  	Section 20, T22S, R11W
					
	Johnson, Ella Mae Washington	  	EVERLAST ENERGY LLC	  	2004/27165	  	September 22, 2004	  	Section 24, T22S, R12W
					
	 Johnson, Faye
 Henderson
	  	Everlast Energy LLC	  	2004/5119	  	November 8, 2003	  	Section 4, T21S, R11W
					
	 Johnson, Sherman J.
 and wife, Janet H.
Johnson
	  	Everlast Energy LLC	  	2004/5172	  	November 19, 2003	  	Section 12, T21S, R11W
					
	Johnston, Laban Keith and Patricia L. Johnston, husband and wife	  	Everlast Energy LLC	  	2004/5215	  	July 23, 2003	  	Section 2, T21S, R12W
					
	Joiner, Thomas J. and wife, Virginia H. Joiner	  	Everlast Energy LLC	  	2003/21609	  	May 21, 2003	  	Section 23, T22S, R11W
					
	Jones, Alfred and wife, Sue Jones	  	Everlast Energy LLC	  	2003-
21612	  	August 26, 2003	  	Section 30, T21S, R11W
					
	Jones, Barry	  	Everlast Energy LLC	  	2003/24625	  	September 17, 2003	  	Section 14, T21S, R12W
					
	Jones, Cecil Wynelle and wife, Virginia Hawthorne Jones	  	Everlast Energy LLC	  	2004/5116	  	November 4, 2003	  	Section 1, T21S, R12W
					
	Jones, Jr., Curtis Oliver and wife, Marilyn Jones	  	Everlast Energy LLC	  	2004/5113	  	November 4, 2003	  	Section 1, T21S, R12W
					
	Jones, Ethel Mae	  	 EVERLAST
 ENERGY LLC
	  	2004/23330	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W

  

 16 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Jones, Fred, Jr.	  	EVERLAST ENERGY LLC	  	2005/1788	  	November 11, 2004	  	Sections 21 & 22, T22S, R11W
					
	Jones, Freddie Lee	  	EVERLAST ENERGY LLC	  	2004/23332	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Jerry Jerome	  	EVERLAST ENERGY LLC	  	2004/23335	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Michael	  	EVERLAST ENERGY LLC	  	2004/23339	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Otis	  	EVERLAST ENERGY LLC	  	2004/23337	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Patricia Ann	  	EVERLAST ENERGY LLC	  	2004/23341	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Percy Lee	  	EVERLAST ENERGY LLC	  	2004/27061	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Ronald B. and wife, Martha C. Jones	  	Everlast Energy LLC	  	2004/10408	  	November 24, 2003	  	Section 3, T21S, R11W
					
	Jones, Jr., Walter James	  	EVERLAST ENERGY LLC	  	2004/27063	  	August 18, 2004	  	Sections 20 & 22, T22S, R11W
					
	Jones, Willary Cary	  	Everlast Energy LLC	  	2004/12261	  	November 3, 2003	  	Section 12, T21S, R11W
					
	Jones, William K. and wife, Leigh Ann D. Jones	  	Everlast Energy LLC	  	2004/10411	  	November 1, 2003	  	Section 1, T21S, R12W
					
	Jones, Willie Glenn	  	EVERLAST ENERGY LLC	  	2004/23343	  	August 11, 2004	  	Sections 20 & 22, T22S, R11W
					
	Kansas City Southern Railway Company	  	Everlast Energy LLC	  	2004/17171	  	July 9, 2004	  	Sections 31 & 32, T20S, R11W; Section 36, T20S, R12W; Section 4, 5, 9, 10 & 11, T21S, R11W; Section 1, 2 & 3, T21S, R12W
					
	Keasler, Thomas M. and wife, Jo Ann Keasler	  	Everlast Energy LLC	  	2003/24627	  	August 21, 2003	  	Section 4, T21S, R11W
					
	Kelly, Vallery B. and husband, Christopher M. Kelly	  	Everlast Energy LLC	  	2004/5083	  	November 19, 2003	  	Section 12, T21S, R11W
					
	Kent, Daryl and wife, Rebecca Kent	  	Everlast Energy LLC	  	2004/5732	  	February 17, 2004	  	Section 19 & 20, T22S, R11W
					
	Kidd, Jack Thomas and wife, Marilyn Sue Kidd	  	Everlast Energy LLC	  	2003/24456	  	September 24, 2003	  	Section 33, T20S, R11W
					
	Kidd, Robert E. and wife, Mary Kaye Kidd	  	Everlast Energy LLC	  	2004/5111	  	November 1, 2003	  	Section 4, T21S, R11W
					
	Killingsworth, Johnie Hall and husband, Roy W. Killingsworth	  	Everlast Energy LLC	  	2003/12236	  	August 5, 2003	  	Section 2, T21S, R12W
					
	King, Nelda	  	EVERLAST ENERGY LLC	  	2004/5671	  	January 2, 2004	  	Section 20, T22S, R11W

  

 17 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	King, Edna	  	EVERLAST ENERGY LLC	  	2004/10413	  	January 2, 2004	  	Section 20, T22S, R11W
					
	King, Jr. Ernest	  	EVERLAST ENERGY LLC	  	2004/5659	  	January 2, 2004	  	Section 20, T22S, R11W
					
	King, Harrison	  	EVERLAST ENERGY LLC	  	2004/5664	  	January 1, 2004	  	Section 20, T22S, R11W
					
	King, Kenneth	  	Everlast Energy LLC	  	2004/5810	  	January 2, 2004	  	Section 20, T22S, R11W
					
	King, Michael	  	EVERLAST ENERGY LLC	  	2004/5666	  	January 2, 2004	  	Section 20, T22S, R11W
					
	King, Rosanna	  	EVERLAST ENERGY LLC	  	2004/27057	  	September 9, 2004	  	Section 20, T22S, R11W
					
	King, Vera	  	EVERLAST ENERGY LLC	  	2004/10398	  	January 2, 2004	  	Section 20, T22S, R11W
					
	Kirby, Otis B. and wife, Bety H. Kirby	  	Everlast Energy LLC	  	2004/5081	  	November 17, 2003	  	Section 33, T20S, R11W
					
	Kircharr, Richard D. and wife, Ashley M. Kircharr	  	Everlast Energy LLC	  	2004/5277	  	December 12, 2003	  	Section 12, T21S, R11W
					
	Kitchen, Jo Ann Burroughs and husband, Richard M. Kitchen	  	Everlast Energy LLC	  	2004/5108	  	November 8, 2003	  	Section 1, T21S, R12W
					
	Knight, Nicholas R. and wife, Stephanie A. Knight	  	Everlast Energy LLC	  	2004/5079	  	November 16, 2003	  	Section 12, T21S, R11W
					
	 Kulp, Joseph R. and
 wife, Patricia A.
Kulp
	  	Everlast Energy LLC	  	2003/24456	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Kyzer, James and wife, Betty Kyzer	  	Everlast Energy LLC	  	2004/5105	  	November 21, 2003	  	Sections 1 & 2, T21S, R12W
					
	Ladewig, Mary Kathryn Dunnam	  	Everlast Energy LLC	  	2003/21614	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Ladewig, Mary Kathryn Dunnam	  	Everlast Energy LLC	  	2004/5673	  	December 11, 2003	  	Section 25, T20S, R12W
					
	Laird, Deidra R.	  	Everlast Energy LLC	  	2004/412	  	September 3, 2003	  	Section 34, T21S, R12W
					
	Lancaster, Keith N. and wife, Myra S. Lancaster	  	Everlast Energy LLC	  	2004/4981	  	November 24, 2003	  	Section 9, T21S, R11W
					
	Lasseter, Paul A.	  	Everlast Energy LLC	  	2003/21621	  	July 23, 2003	  	Section 22, T20S, R11W; Section 5, T21S, R11W
					
	Latner, Jr., Clarence L. and wife, Karen S. Latner	  	Everlast Energy LLC	  	2004/5272	  	October 6, 2003	  	Section 11, T21S, R11W
					
	Lee, Pamela Carol McKnight and husband, Todd Alana Lee	  	Everlast Energy LLC	  	2004/12266	  	November 18, 2003	  	Section 9, T21S, R11W
					
	 Lee, Roger Dale and
 wife, Sue L. Lee
	  	Everlast Energy LLC	  	2004/5275	  	December 10, 2003	  	Section 1, T21S, R12W
					
	Leonard, David Eugene and wife, Merle Pate Leonard	  	Everlast Energy LLC	  	2004/3576	  	October 21, 2003	  	Section 9, T21S, R11W

  

 18 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Leps, Linda T.	  	Everlast Energy LLC	  	2003/24461	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Lewis, Wendell R. and wife, Tonya L. Lewis	  	Everlast Energy LLC	  	2004/4979	  	September 24, 2003	  	Section 9, T22S, R12W
					
	Light, Laura Maurice and husband, Alfred David Light	  	Everlast Energy LLC	  	2004/23345	  	July 14, 2004	  	Section 34, T21S, R12W
					
	Lilley, E.H.	  	Everlast Energy LLC	  	2003/21628	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Lindsey, BonnieT.	  	Everlast Energy LLC	  	2004/12268	  	November 4, 2003	  	Section 12, T21S, R11W
					
	Lindsey, Phyllis	  	EVERLAST ENERGY LLC	  	2004/28152	  	October 25, 2004	  	Section 26, T22S, R12W
					
	Lovell, Roy Dwyatt and wife, Tracey A. Lovell	  	Everlast Energy LLC	  	2004/4977	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Lucious, Canary	  	EVERLAST ENERGY LLC	  	2004/28155	  	September 9, 2004	  	Section 20, T22S, R11W
					
	Lucious, Eddie	  	EVERLAST ENERGY LLC	  	2004/27116	  	September 9, 2004	  	Section 20, T22S, R11W
					
	Lucious, Walter	  	EVERLAST ENERGY LLC	  	2004/27173	  	September 9, 2004	  	Section 20, T22S, R11W
					
	Lucious, Willie	  	EVERLAST ENERGY LLC	  	2004/28157	  	September 9, 2004	  	Section 20, T22S, R11W
					
	 Lyons, Marvin E. and
 wife, Pam A. Lyons
	  	Everlast Energy LLC	  	2004/12270	  	November 2, 2003	  	Section 12, T21S, R11W
					
	Mattox, John Henry	  	EVERLAST ENERGY LLC	  	2004/23321	  	August 26, 2004	  	Section 20, T22S, R11W
					
	Maddox, Willie James	  	EVERLAST ENERGY LLC	  	2004/27118	  	September 2, 2004	  	Section 20, T22S, R11W
					
	 Madison, Debra B., a married woman,
 formerly, Debra B.
Ponds
	  	Everlast Energy LLC	  	2003/21631	  	August 5, 2003	  	Section 34, T21S, R12W
					
	Manley, Dwight and wife, Shelby Manley	  	Everlast Energy LLC	  	2004/4973	  	October 29, 2003	  	Section 12, T21S, R11W
					
	Marlowe, III Lonnie Alton and wife, Jenny Marlowe	  	Everlast Energy LLC	  	2004/4971	  	September 17, 2003	  	Section 2, T21S, R12W
					
	Marlowe, Jo Anne	  	Everlast Energy LLC	  	2004/3529	  	September 17, 2003	  	Section 2, T21S, R12W
					
	Marlowe, Joe	  	Everlast Energy LLC	  	2004/12272	  	September 17, 2003	  	Section 2, T21S, R12W
					
	Marlowe, Lonnie A.	  	Everlast Energy LLC	  	2004/3532	  	September 17, 2003	  	Section 2, T21S, R12W
					
	Marshall, Essie Mae	  	EVERLAST ENERGY LLC	  	2004/27071	  	September 28, 2004	  	Section 22, T22S, R11W
					
	Martin, Cheryl D.	  	Everlast Energy LLC	  	2003/21633	  	July 21, 2003	  	Section 8, T21S, R11W

  

 19 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Marx, Sharon	  	Everlast Energy LLC	  	2004/5007	  	November 5, 2003	  	Section 1, T21S, R12W
					
	Marx, Udo Franz	  	Everlast Energy LLC	  	2004/12274	  	November 5, 2003	  	Section 12, T21S, R12W
					
	Mason, Walter Ronnie	  	Everlast Energy LLC	  	2004/27120	  	August 18, 2004	  	Section 12, T21S, R12W
					
	Massey, Larry Olsen and wife, Janet Massey	  	Everlast Energy LLC	  	2004/4969	  	November 17, 2003	  	Section 12. T21S, R11W
					
	Matthews, Stephanie T.	  	Everlast Energy LLC	  	2003/21636	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Maughn, Johnny and wife, Sharon Maughn	  	Everlast Energy LLC	  	2004/3580	  	October 5, 2003	  	Section 10, T21S, R11W
					
	McAteer, Daniel Jackson and wife, Mavis Faye McAteer	  	Everlast Energy LLC	  	2004/5012	  	November 3, 2003	  	Section 1, T21S, R12W
					
	McAteer, Daniel Wade	  	Everlast Energy LLC	  	2004/12313	  	November 3, 2003	  	Section 1, T21S, R12W
					
	McAteer, James Joseph & Willie Dean	  	Everlast Energy LLC	  	2003/24629	  	September 17, 2003	  	Section 2, T21S, R12W
					
	McAteer, Rodney Deal and wife, Sonya Kay McAteer	  	Everlast Energy LLC	  	2004/4994	  	November 11, 2003	  	Section 1, T21S, R12W
					
	McCall, Maxine Weatherspoon	  	EVERLAST ENERGY LLC	  	2003/24634	  	September 23, 2003	  	Section 24, T22S, R12W
					
	McCool, Randy Lynne and wife, Mary Frances McCool	  	Everlast Energy LLC	  	2004/5676	  	December 19, 2003	  	Section 1, T21S, R11W
					
	McCoy, Mary	  	EVERLAST ENERGY LLC	  	2004/27122	  	September 2, 2004	  	Section 20, T22S, R11W
					
	McCracken, Andrew Hughes and wife, Patricia McCracken	  	Everlast Energy LLC	  	2004/5015	  	November 5, 2003	  	Section 1, T21S, R12W
					
	McDaniel, Sarah Ellen, a widow a/k/a Sarah D. McDaniel	  	Everlast Energy LLC	  	2003/21478	  	September 3, 2003	  	Section 28, T20S, R11W
					
	 McDaniel, Verner Earl
 and wife, Martha S.
McDaniel
	  	Everlast Energy LLC	  	2003/21639	  	September 3, 2003	  	Section 28, T20S, R11W
					
	McDonald, Forrest and wife, Ellen S. McDonald	  	Everlast Energy LLC	  	2003/24639	  	September 23, 2003	  	Section 33, T20S, R11W
					
	McDuff, Donald H. and wife, Ruth McDuff	  	EVERLAST ENERGY LLC	  	2003/24642	  	October 1, 2003	  	Sections 10, 11 & 15, T22S, R12W
					
	 McKenzie, Merri
 Elizabeth Scales
	  	Everlast Energy LLC	  	2003/21641	  	August 8, 2003	  	Sections 5 & 6, T21S, R11W
					
	McKinney, Eddie, Annette McKinney and Yvonne McKinney	  	EVERLAST ENERGY LLC	  	2004/5617	  	October 22, 2003	  	Section 24, T22S, R12W
					
	McKinney, Elaine	  	EVERLAST ENERGY LLC	  	2004/12285	  	October 22, 2003	  	Section 24, T22S, R12W

  

 20 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	McKnight, Benny Ross etux, Peggy Jean McKnight	  	Everlast Energy LLC	  	2003/21647	  	July 23, 2003	  	Section 4, T21S, R11W
					
	McKnight, Billy Gene and wife, Linda McKnight	  	Everlast Energy LLC	  	2004/3584	  	November 16, 2003	  	Sections 4 & 9, T21S, R11W
					
	McKnight, Billy Gene, a married man and Carolyn McKnight, an unmarried woman	  	Everlast Energy LLC	  	2004/12279	  	November 21, 2003	  	Section 9, T21S, R11W
					
	McKnight, Jr., Billy Gene and wife, Peggy Dyer McKnight	  	Everlast Energy LLC	  	2004/3587	  	November 18, 2003	  	Section 9, T21S, R11W
					
	McNight, Ross and wife, Peggy Jean McKnight	  	Everlast Energy LLC	  	2004/3534	  	November 14, 2003	  	Sections 4 & 9, T21S, R11W
					
	McPherson, Robert E. and wife, Eva E. McPherson	  	Everlast Energy LLC	  	2004/12287	  	November 5, 2003	  	Section 1, T21S, R12W
					
	McWilliams, Lewanna Foster	  	EVERLAST ENERGY LLC	  	2004/5213	  	December 17, 2003	  	Section 24, T22S, R12W
					
	Medina, Richard	  	EVERLAST ENERGY LLC	  	2004/4996	  	October 13, 2003	  	Section 24, T22S, R12W
					
	Mercier, David G. and wife, Rhonda L. Mercier	  	Everlast Energy LLC	  	2004/5335	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Mercier, Sr., David G.	  	Everlast Energy LLC	  	2004/12289	  	November 13, 2003	  	Section 33, T20S, R11W
					
	Meriwether, III, Willis, J., etal	  	Everlast Energy LLC	  	2003/24494	  	October 27, 2003	  	Sections 2 & 11, T22S, R11W
					
	Miller, Carolyn V.	  	Everlast Energy LLC	  	2003/21481	  	July 21, 2003	  	Section 8, T21S, R11W
					
	Mills, James Carl and wife, Shella Dianne Mills	  	Everlast Energy LLC	  	2004/27124	  	August 24, 2004	  	Section 36, T20S, R12W
					
	Mills, James Morris, Jr. and wife, Tracey B. Mills	  	Everlast Energy LLC	  	2004/23348	  	August 13, 2004	  	Section 24 & 25, T20S, R12W
					
	Minor, Jon	  	Everlast Energy LLC	  	2005/1823	  	July 28, 2004	  	Section 1, T21S, R12W
					
	Mitchum, Charlie V. and wife, Shirley J. Mitchum	  	Everlast Energy LLC	  	2003/24497	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Moe, Barbara S.	  	Everlast Energy LLC	  	2004/14754	  	April 4, 2004	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Montgomery, Cedora	  	EVERLAST ENERGY LLC	  	2004/23351	  	August 24, 2004	  	Sections 20 & 22, T22S, R11W
					
	Montgomery, Deborah Ann Norris and husband, Roger D. Montgomery	  	Everlast Energy LLC	  	2004/27127	  	August 24, 2004	  	Section 13, T22S, R12W

  

 21 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Montgomery, M.C. and wife, Dean H. Montgomery	  	Everlast Energy LLC	  	2004/3589	  	October 30, 2003	  	Section 9, T21S, R11W
					
	Moore, Adelaide by Fred Jones, Jr., Atty in Fact	  	EVERLAST ENERGY LLC	  	2005/1896	  	November 30, 2004	  	Section 22, T22S, R11W
					
	Moore, Lucinda	  	EVERLAST ENERGY LLC	  	2005/1976	  	January 7, 2005	  	Section 30, T22S, R11W
					
	Moore, Lucinda Washington	  	EVERLAST ENERGY LLC	  	2004/28159	  	September 16, 2004	  	Section 24, T22S, R12W
					
	Morgan, Donald H.	  	Everlast Energy LLC	  	2003/24500	  	September 25, 2003	  	Section 17, T21S, R11W
					
	Morgan, John M. and wife, Ruth E. Morgan	  	Everlast Energy LLC	  	2004/5242	  	October 29, 2003	  	Section 17, T21S, R11W
					
	Morgan, Joseph C. and wife, Terry L. Morgan	  	Everlast Energy LLC	  	2004/4998	  	October 5, 2003	  	Section 20, T21S, R11W
					
	Morgan, Zane Joyce, a widow	  	Everlast Energy LLC	  	2003/24507	  	September 24, 2003	  	Section 17, T21S, R11W
					
	Morrison, A. Wayne	  	Everlast Energy LLC	  	2003/21650	  	July 8, 2003	  	Section 32, T20S, R11W
					
	Morrison, Robert	  	EVERLAST ENERGY LLC	  	2004/27130	  	September 9, 2004	  	Section 20, T22S, R11W
					
	Morrow, Mabel	  	EVERLAST ENERGY LLC	  	2004/10415	  	January 2, 2004	  	Section 20, T22S, R11W
					
	Morton, Adrienne	  	EVERLAST ENERGY LLC	  	2005/1816	  	October 25, 2004	  	Section 26, T22S, R12W
					
	Mountain Brook	  	EVERLAST ENERGY LLC	  	2005/1741	  	October 10, 2004	  	Section 29, T22S, R11W
					
	Mullenix, Fredrick L.	  	Everlast Energy LLC	  	2004/27132	  	August 16, 2004	  	Section 5, T21S, R11W
					
	Murray Eddie	  	EVERLAST ENERGY LLC	  	2005/1893	  	August 24, 2004	  	Section 20 & 22, T22S, R11W
					
	Murray, Gary	  	EVERLAST ENERGY LLC	  	2004/23358	  	August 24, 2004	  	Sections 20 & 22, T22S, R11W
					
	Murray, Greg	  	EVERLAST ENERGY LLC	  	2004/23358	  	August 24, 2004	  	Sections 20 & 22, T22S, R11W
					
	Murray, Jr. James	  	EVERLAST ENERGY LLC	  	2004/28162	  	August 24, 2004	  	Section 20 & 22, T22S, R11W
					
	Murray, Mickey	  	EVERLAST ENERGY LLC	  	2004/27134	  	August 24, 2004	  	Section 20 & 22, T22S, R11W
					
	Murray, Ozella	  	EVERLAST ENERGY LLC	  	2004/5678	  	December 8, 2003	  	Section 20, T22S, R11W
					
	New Hope Baptist Church	  	EVERLAST ENERGY LLC	  	2004/5612	  	December 4, 2003	  	Section 11, T22S, R12W
					
	 New, Eppie Webb
 C/O Linda New Mickle
	  	Everlast Energy LLC	  	2004/3536	  	October 14, 2003	  	Sections 25 & 35, T20S, R12W
					
	Newman, Gary C. and wife, Linda F. Newman	  	Everlast Energy LLC	  	2003/24468	  	October 26, 2003	  	Section 12, T21S, R11W

  

 22 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Nicosia, Gurtha Lee Booth and husband, Eli F. Nicosia	  	Everlast Energy LLC	  	2004/23360	  	July 28, 2004	  	Section 26, T21S, R12W
					
	Nordan, Cynthia Vermelle	  	Everlast Energy LLC	  	2004/5685	  	November 18, 2003	  	Section 3, T21S, R11W
					
	Odom, Margaret	  	EVERLAST ENERGY LLC	  	2004/28165	  	October 27, 2004	  	Section 27, T22S, R11W
					
	Odom, Tommy	  	EVERLAST ENERGY LLC	  	2004/27136	  	October 21, 2004	  	Section 28, T22S, R11W
					
	Odom, Tommy	  	EVERLAST ENERGY LLC	  	2004/28167	  	October 22, 2004	  	Section 27, T22S, R11W
					
	O’Hanlon, Doris G.	  	Everlast Energy LLC	  	2004/3592	  	November 1, 2003	  	Section 35, T20S, R12W; Section 2, T21S, 12W
					
	O’Hanlon, Doris G., etal	  	Everlast Energy LLC	  	2004/3595	  	November 1, 2003	  	Section 35, T20S, R12W
					
	O’Hanlon, Patrick	  	Everlast Energy LLC	  	2004/12291	  	November 1, 2003	  	Section 35, T20S, R12W
					
	Oliver, E. Toy and wife, Yvonne Oliver	  	Everlast Energy LLC	  	2003/24470	  	September 28,
2003	  	Section 20, T21S, R11W
					
	Oliver, Waymon A. and wife, Tawana D. Oliver	  	EVERLAST ENERGY LLC	  	2004/5040	  	November 11, 2003	  	Sections 11 & 14, T22S, R12W
					
	Parham, Ruby Lee Pate	  	Everlast Energy LLC	  	2003/21485	  	August 4, 2003	  	Section 3, T21S, R11W
					
	Parris, Jimmy R. and wife, Glenda E. Parris	  	EVERLAST ENERGY LLC	  	2003/24472	  	October 8, 2003	  	Section 24, T22S, R12W
					
	Pate, Edward D	  	Everlast Energy LLC	  	2004/389	  	October 30, 2003	  	Section 32, T20S, R11W
					
	Pate, J.H. and wife, Louise C. Pate	  	Everlast Energy LLC	  	2003/22946	  	September 1, 2003	  	Sections 3 & 23, T21S, R12W
					
	Pate, Mattie Lou	  	EVERLAST ENERGY LLC	  	2004/5359	  	November 11, 2003	  	Section 14, T22S, R12W
					
	Patton J. Stuart	  	EVERLAST ENERGY LLC	  	2004/27139	  	August 5, 2004	  	Section 22, T22S, R11W
					
	Paulk, Geraldine	  	EVERLAST ENERGY LLC	  	2004/27112	  	August 16, 2004	  	Section 20 & 22, T22S, R11W
					
	Paulk, Johnny	  	EVERLAST ENERGY LLC	  	2004/28169	  	August 16, 2004	  	Sections 20 & 22, T22S, R11W
					
	Paulk, Pearlie	  	EVERLAST ENERGY LLC	  	2004/23362	  	August 13, 2004	  	 Section 20 & 22,
 T22S, R11W

					
	Paulk, Willie	  	EVERLAST ENERGY LLC	  	2004/23366	  	August 13, 2004	  	Section 20 & 22, T22S, R11W
					
	Patrick, David Wayne	  	Everlast Energy LLC	  	2004/5044	  	November 8, 2003	  	Section 1, T21S, R12W
					
	Payne, Robert and wife, Partricia	  	Everlast Energy LLC	  	2003/22950	  	September 1, 2003	  	Section 5, T21S, R11W
					
	Perkins, Jerry S. and wife, Mary A. Perkins	  	Everlast Energy LLC	  	2004/4967	  	November 1, 2003	  	Section 9, T21S, R11W

  

 23 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Perkins, Joseph D. and wife, Wilda Perkins	  	Everlast Energy LLC	  	2003/24474	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Perry, Cornelia Atwood	  	Everlast Energy LLC	  	2004/5320	  	November 12, 2003	  	Section 25, T20S, R12W, Section 5 & 7, T21S, R11W; Section 3, T228, R12W
					
	Phillips, Brian K.	  	Everlast Energy LLC	  	2003/24479	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Piggott, Robert P. and wife, Thelma R. Piggott	  	Everlast Energy LLC	  	2003/22880	  	July 21, 2003	  	Section 32, T20S, R11W
					
	Pinion, Jr., James H. and wife, Beverly H. Pinion	  	Everlast Energy LLC	  	2004/5047	  	November 12, 2003	  	Sections 29 and 30, T20S, R11W
					
	Piper, Jamie Jackson and husband, Jim Michael Piper	  	Everlast Energy LLC	  	2003/24512	  	July 21, 2003	  	Section 8, T21S, R11W
					
	Plowman, Roger Dale and wife, Mary Sue Plowman	  	Everlast Energy LLC	  	2004/5244	  	December 4, 2003	  	Section 9, T21S, R11W
					
	Plowman, Thomas V. and Ruth Elizabeth Plowman, husband and wife	  	Everlast Energy LLC	  	2003/24515	  	July 23, 2003	  	Section 33, T21S, R12W
					
	Porterfield, Evelyn	  	EVERLAST ENERGY LLC	  	2004/10425	  	January 2, 2004	  	Section 20, T22S, R11W
					
	Posey, James and wife, Fairy Anne Posey	  	Everlast Energy LLC	  	2004/28171	  	September 9, 2004	  	Section 14, T21S, R12W
					
	Prescott, Opal Harris	  	Everlast Energy LLC	  	2004/5333	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Pritchett, Elizabeth H.	  	Everlast Energy LLC	  	2004/4963	  	November 20, 2003	  	Section 12, T21S, R11W
					
	Pruitt, Avery and wife, Betty J. Pruitt	  	EVERLAST ENERGY LLC	  		  	January 21, 2005	  	Section 13, T22S, R12W
					
	Pruitt, Thomas and wife, Esther Pearl Pruitt	  	EVERLAST ENERGY LLC	  	2005/1786	  	October 19, 2004	  	Section 30, T22S, R11W
					
	Pruitt, Ester Pearl	  	EVERLAST ENERGY LLC	  	2005/1814	  	October 19, 2004	  	Section 30, T22S, R11W
					
	Quigley, John E.	  	Everlast Energy LLC	  	2004/4939	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Randolph, Cherokee Vandegraaf	  	Everlast Energy LLC	  	2003/21652	  	August 5, 2003	  	Sections 2 & 3, T21S, R12W
					
	Rarrick, Jared and wife, Connie L. Rarrick	  	Everlast Energy LLC	  	2004/27141	  	June 29, 2004	  	Section 5, T21S, R11W
					
	Ray, Virgie N. and wife, Maudine S. Ray	  	Everlast Energy LLC	  	2003/11252	  	May 6, 2003	  	Section 10, T22S, 11W
					
	Raymon, Salye, Individually and as Trustee for Robert Preston Raymon	  	Everlast Energy LLC	  	2003/24650	  	August 18, 2003	  	Section 20, T20S, R11W

  

 24 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

					
	Redmond, Catherine	  	EVERLAST ENERGY LLC	  	2004/28174	  	September 2, 2004	  	Section 20, T22S, R11W
					
	Reece, Gaines and wife, Frances Reece	  	Everlast Energy LLC	  	2003/24517	  	September 2, 2003	  	Section 3 & 4, T21S, R11W
					
	 Regions Bank as
 Trustee of the Cogie Trusts U/A dated
12-30-71
	  	Everlast Energy LLC	  	2003/21493	  	June 17, 2003	  	Section 24, T21S, R12W
					
	Resources for Independence	  	Everlast Energy LLC	  	2004/12293	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Reynolds, Marshall A.	  	Everlast Energy LLC	  	2004/5687	  	December 12, 2003	  	Section 12, T21S, R11W
					
	 Rice, Gary W. and Kay G. Rice, husband and
 wife
	  	Everlast Energy LLC	  	2003/24520	  	September 2, 2003	  	Section 34, T21S, R12W
					
	Rice, Harold W. and Myrtle Louise	  	Everlast Energy LLC	  	2004/3598	  	October 24, 2003	  	Section 1, T21S, R12W
					
	 Robertson, Kevin Scott and wife, Kimberly
 Susan
Robertson
	  	EVERLAST ENERGY LLC	  	2004/410	  	November 1, 2003	  	Section 13, T22S, R12W
					
	Robinson, Kenneth	  	EVERLAST ENERGY LLC	  	2004/27143	  	September 21, 2004	  	Section 20, T22S, R11W
					
	Rogers, Molly J.	  	Everlast Energy LLC	  	2004/4861	  	October 31, 2003	  	Section 12, T21S, R11W
					
	Roscoe, Susie	  	EVERLAST ENERGY LLC	  	2004/27145	  	August 31, 2004	  	Section 20, T22S, R12W
					
	Rosenberg, Mary D.	  	Everlast Energy LLC	  	2003/21654	  	June 20, 2003	  	Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Roulaine, Katherine A.	  	Everlast Energy LLC	  	2004/4955	  	November 16, 2003	  	Section 11, T21S, R11W
					
	Roulaine, Katherine A.	  	Everlast Energy LLC	  	2004/4959	  	November 16, 2003	  	Section 11, T21S, R11W
					
	 Rowland, Harry Gene, et al and
 Kathy
Keller
	  	Everlast Energy LLC	  	2003/22954	  	August 26, 2003	  	Section 23, T21S, R11W
					
	Rust, Robert J. and wife, Myre L. Rust	  	Everlast Energy LLC	  	2004/408	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Sanders, Daisy	  	EVERLAST ENERGY LLC	  	2004/23368	  	August 31, 2004	  	Section 20, T22S, R11W
					
	Sanders, Janice G.	  	Everlast Energy LLC	  	2005/1811	  	July 29, 2004	  	Section 26, T21S, R12W
					
	Sanders, Willie James	  	EVERLAST ENERGY LLC	  	2004/23370	  	August 31, 2004	  	Section 20, T22S, R11W
					
	Sartain, Bobbie G.	  	Everlast Energy LLC	  	2004/5240	  	November 22, 2003	  	Section 4, T21S, R11W
					
	Sartain, Woody Webster	  	Everlast Energy LLC	  	2003/21661	  	September 1, 2003	  	Sections 5, 6 & 17, T21S, R11W

  

 25 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	RECORDED
Deed Book/
Page	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Sealey, Lela B.	  	EVERLAST ENERGY LLC	  	2005/1807	  	August 25, 2004	  	Section 20, T22S, R11W
					
	Scogin, Ann P.	  	EVERLAST ENERGY LLC	  	2004/12296	  	December 31, 2003	  	Section 21, T22S, R11W
					
	Scruggs, Hebert E. and wife, Helen Scruggs	  	Everlast Energy LLC	  	2003/21663	  	July 21, 2003	  	Section 8, T21S, R11W
					
	Sealy, Charlie O. and William C. Wiggins	  	Everlast Energy LLC	  	2003/24548	  	September 8, 2003	  	Section 33, T20S, R11W
					
	Sealey Andrew and wife, Bertha Seeley	  	EVERLAST ENERGY LLC	  	2005/1809	  	December 12, 2004	  	Section 13 & 24, T22S, 12W
					
	Sessions, Charles Edward and wife Lannie N. Session	  	Everlast Energy LLC	  	2004/4953	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Shaw, David A. and wife, Marla S. Shaw	  	Everlast Energy LLC	  	2004/12298	  	November 18, 2003	  	Section 9, T21S, R11W
					
	Shelton, Annie J. O’Hanlon; Roger Dale O’Hanlon; John Thomas O’Hanlon, et al.	  	Everlast Energy LLC	  	2003/21666	  	August 15, 2003	  	Section 35, T20S, R12W
					
	Shelton, Annie J., etal.	  	Everlast Energy LLC	  	2004/5051	  	November 18, 2003	  	Section 2, T21S, R12W
					
	Simpson, Yvonne T.	  	Everlast Energy LLC	  	2004/3600	  	October 1, 2003	  	Section 1, T21S, R12W
					
	Skelton, Michael Wayne	  	Everlast Energy LLC	  	2004/10427	  	November 14, 2003	  	Section 12, T21S, R11W
					
	Skelton, Noah S.	  	Everlast Energy LLC	  	2003/21488	  	July 22, 2003	  	Section 6, T21S, R11W
					
	Skelton, Thomas E. and wife, Anna Laura Skelton	  	Everlast Energy LLC	  	2004/3604	  	November 3, 2003	  	Section 1, T21S, R12W
					
	Skipper, Evelyn	  	EVERLAST ENERGY LLC	  	2004/23372	  	August 13, 2004	  	Section 20 & 22, T22S, R11W
					
	Smelley, Jimmie E. and wife, Louise E. Smelley	  	Everlast Energy LLC	  	2004/5174	  	December 5, 2003	  	Section 12, T21S, R11W
					
	Smelley, Martina	  	Everlast Energy LLC	  	2004/5357	  	December 2, 2003	  	Section 32, T20S, R11W
					
	Smelley, Samuel	  	Everlast Energy LLC	  	2003/24526	  	August 18, 2003	  	Sections 20 & 21, T20S, R11W
					
	Smith, Anita Foster	  	EVERLAST ENERGY LLC	  	2003/24483	  	October 4, 2003	  	Section 24, T22S, R12W
					
	Smith, Barbara J.	  	EVERLAST ENERGY LLC	  	2005/1909	  	November 30, 2004	  	Sections 21 & 22, T22S, R11W
					
	Smith, Leonard J. and wife, Mary F. Smith	  	Everlast Energy LLC	  	2003/24489	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Smith, Matthew Sheppard	  	Everlast Energy LLC	  	2004/4951	  	November 2, 2003	  	Section 19, T21S, R11W
					
	Smith, Smitty, a married man and Billy Charles Smith, an unmarried man	  	Everlast Energy LLC	  	2003/24529	  	September 16, 2003	  	Section 9, T22S, R12W
					
	Smith, Sylvia N.	  	Everlast Energy LLC	  	2004/5003	  	November 17, 2003	  	Section 12, T21S, R11W

  

 26 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Smith, Vaughn Eugene and wife, Terri Lyn Smith	  	Everlast Energy LLC	  	2003/24531	  	August 18, 2003	  	Section 20, T20S, R11W
					
	Smith, Vaughn, Brittany Smith & Kevin Lee Tunnell	  	Everlast Energy LLC	  	2003/24644	  	August 18, 2003	  	Section 20, T20S, R11W
					
	Smith, William Windle and wife, Carolyn J. Smith	  	Everlast Energy LLC	  	2004/5691	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Snyder, Fred R. and Peggy B.	  	Everlast Energy LLC	  	2003/21668	  	August 4, 2003	  	Section 3, T21S, R11W
					
	Snyder, Nannie E.	  	Everlast Energy LLC	  	2004/12300	  	November 10, 2003	  	Section 3, T21S, R11W
					
	Southern, James T. and wife, Brenda Rice Southern	  	Everlast Energy LLC	  	2004/3602	  	October 28, 2003	  	Section 1, T21S, R12W
					
	Spencer, Peter Warren	  	Everlast Energy LLC	  	2004/23374	  	July 30, 2004	  	Section 6, T21S, R11W
					
	Spencer, Robert Jason and wife, Lorrie Oliver Spencer	  	Everlast Energy LLC	  	2004/4949	  	October 30, 2003	  	Section 5, T21S, R11W
					
	Spivey, Robert W.	  	Everlast Energy LLC	  	2004/5693	  	October 6, 2003	  	Section 11, T21S, R11W
					
	Spurgin, Carl E. and wife, Dianne L. Spurgin	  	EVERLAST ENERGY LLC	  	2005/6388	  	November 11, 2004	  	Section 13, T22S, R12W
					
	Stallworth, Helen	  	EVERLAST ENERGY LLC	  	2004/5696	  	January 2, 2004	  	Section 20, T22S, R11W
					
	State of Alabama	  	Everlast Energy LLC	  	2005/1777	  	December 6, 2004	  	Section 25, 26, 33, 34 & 35, T21S, R11W & Sections 3, 15 & 23, T22S, R11W
					
	Stell, Laura Cubelle Booth	  	Everlast Energy LLC	  	2005/1755	  	June 30, 2004	  	Section 34, T 21S, R12W
					
	Stipe, Sara Hall and husband, Roy F. Stipe	  	Everlast Energy LLC	  	2003/21670	  	August 5, 2003	  	Section 2, T21S, R12W
					
	Stipe, Thomas Hall, Trustee	  	Everlast Energy LLC	  	2003/21673	  	August 5, 2003	  	Section 2, T21S, R12W
					
	Stokes, Stacey A. and wife Ramona W. Stokes	  	Everlast Energy LLC	  	2003/24534	  	September 3, 2003	  	Sections 16 & 17, T21S, R11W
					
	Strickland, Jo Frances Harper and Melody Gay Harper Motes	  	Everlast Energy LLC	  	2004/5053	  	October 1, 2003	  	Section 26, T21S, R11W
					
	Strickland, Charles D. and wife, Elizabeth A. Strickland	  	Everlast Energy LLC	  	2004/406	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Strickland, Cletis T. and wife, Bettye H. Strickland	  	Everlast Energy LLC	  	2004/403	  	September 24, 2003	  	Section 10, T21S, R11W
					
	Strickland, Jason W.	  	Everlast Energy LLC	  	2004/3607	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Strickland, Julie Nelson	  	Everlast Energy LLC	  	2003/21679	  	September 12, 2003	  	Section 28, T20S, R11W

  

 27 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Strickland, Oliver and wife, Bland Strickland	  	Everlast Energy LLC	  	2004/5030	  	November 1, 2003	  	Section 9, T21S, R11W
					
	Stripling, J.B. and wife Maudine Stripling	  	Everlast Energy LLC	  	2004/12302	  	November 13, 2003	  	Section 33, T20S, R11W
					
	Styres, Voncille Gregory	  	EVERLAST ENERGY LLC	  	2004/28176	  	September 21, 2004	  	Sections 23, 26 & 27, T22S, R12W
					
	Sudduth, Robert W. and wife, Betty J. Sudduth	  	Everlast Energy LLC	  	2004/5235	  	December 2, 2003	  	Section 12, T21S, R11W; Section 7, T21S, R10W
					
	Sullivan, Robert W. and wife, Brenda Diane Sullivan	  	Everlast Energy LLC	  	2004/5166	  	November 16, 2003	  	Section 4, T21S, R11W
					
	Sullivan, W.G.	  	Everlast Energy LLC	  	2003/21681	  	August 25, 2003	  	Sections 10 & 11, T21S, R12W
					
	Sundberg, Amelia	  	Everlast Energy LLC	  	2004/5698	  	December 30, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	Sutton, Malinda F.	  	Everlast Energy LLC	  	2004/3540	  	October 23, 2003	  	Section 12, T21S, R11W
					
	Taylor, David E. and wife, Veronica A. Taylor	  	Everlast Energy LLC	  	2003/21676	  	August 13, 2003	  	Section 20, T20S, R11W
					
	Taylor, David E. and wife, Veronica Anne Taylor	  	Everlast Energy LLC	  	2003/22883	  	August 18, 2003	  	Section 20, T20S, R11W
					
	Taylor, Lucille, Individually and as Administratrix of the Estate of Elbert Taylor	  	Everlast Energy LLC	  	2003/22962	  	August 26, 2003	  	Section 3, T21S, R11W
					
	Texas Gulf Bank as Escrow Agent for David Dewitt Jones	  	Everlast Energy LLC	  	2004/147/58	  	June 10, 2004	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	The Rice Martial Trust	  	Everlast Energy LLC	  	2004/4984	  	October 27, 2003	  	Section 28, T20S, R11W
					
	Thompson, Charles Willard	  	Everlast Energy LLC	  	2003/22886	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thompson, James E.	  	Everlast Energy LLC	  	2003/21683	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thompson, Joe Banks	  	Everlast Energy LLC	  	2003/21686	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thompson, John R., Jr.	  	Everlast Energy LLC	  	2003/22889	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thompson, M.E., Jr.	  	Everlast Energy LLC	  	2003/21692	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thompson, Robert C., Jr.	  	Everlast Energy LLC	  	2003/21689	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W

  

 28 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Thompson, Scott Arthur	  	Everlast Energy LLC	  	2003/22894	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Thrasher, Boyd W.	  	Everlast Energy LLC	  	2004/12304	  	November 4, 2003	  	Section 12, T21S, R11W
					
	Thrasher, Marline E. Estate	  	Everlast Energy LLC	  	2004/12284	  	October 30, 2003	  	Section 12, T21S, R11W
					
	Tidwell, Susan Smelley	  	Everlast Energy LLC	  	2004/400	  	August 18, 2003	  	Section 20, T20S, R11W
					
	Tilley, Mabel W.	  	Everlast Energy LLC	  	2004/5000	  	November 7, 2003	  	Section 4, T21S, R11W
					
	Tooson, Marie	  	EVERLAST ENERGY LLC	  	2005/1974	  	January 7, 2005	  	Section 30, T21S, R11W
					
	Tooson, Marie Washington	  	EVERLAST ENERGY LLC	  	2005/1891	  	September 17, 2004	  	Section 26, T22S, R12W
					
	Tormin, Inc	  	Everlast Energy LLC	  	2003/21494	  	August 5, 2003	  	Section 23, T21S, R11W
					
	Townsend, Howard Ray	  	Everlast Energy LLC	  	2004/4947	  	October 6, 2003	  	Section 11, T21S, R11W
					
	Tubbs, Herbert O. and wife Mattie M. Tubbs	  	Everlast Energy LLC	  	2003/24537	  	September 25, 2003	  	Section 17, T21S, R11W
					
	Tucker, Wilburn E. and wife, Nellie P. Tucker	  	Everlast Energy LLC	  	2004/5176	  	November 19, 2003	  	Section 32, T20S, R11W
					
	Turner, Ruth T.	  	Everlast Energy LLC	  	2003/21695	  	August 19, 2003	  	Sections 27 & 34, T20S, R11W
					
	 Tuscaloosa County
 Board of Education
	  	Everlast Energy LLC	  	2004/5718	  	October 24, 2003	  	Section 4, T21S, R11W
					
	 Tuscaloosa County
 Board of Education
	  	Everlast Energy LLC	  	2004/5705	  	November 19, 2003	  	Section 33, T22S, R11W
					
	 Tuscaloosa County
 Board of Education
	  	EVERLAST ENERGY LLC	  	2004/5702	  	November 19, 2003	  	Section 2, T21S, R12W
					
	 Tuscaloosa County
 Board of Education
	  	EVERLAST ENERGY LLC	  	2004/5619	  	November 1, 2003	  	Section 12, T22S, R11W
					
	 Tuscaloosa County
 Board of Education
	  	Everlast Energy LLC	  	2004/28179	  	August 23, 2004	  	Section 13, T22S, R12W
					
	Tuscaloosa County, Alabama	  	Everlast Energy LLC	  	2004/5347	  	December 3, 2003	  	Section 16, T21S, R11W; Section 1, T21S, R12W
					
	Valentyn, Clarence J.	  	Everlast Energy LLC	  	2004/5035	  	September 24, 2003	  	Section 10, T21S, R11W
					
	Vargo, Allen Wayne and wife, Lynette W. Vargo	  	Everlast Energy LLC	  	2004/5331	  	October 28, 2003	  	Section 12, T21S, R11W
					
	Vaughn, Addie	  	Everlast Energy LLC	  	2004/3609	  	September 17, 2003	  	Section 1, T21S, R12W
					
	Vines, Carole Ann	  	EVERLAST ENERGY LLC	  	2004/23284	  	August 13, 2004	  	Section 21, T22S, R11W
					
	Vines, Carole Ann and Stephanie Ann Vines	  	EVERLAST ENERGY LLC	  	2005/1775	  	October 19, 2004	  	Section 27, T22S, R11W
					
	Vining, William Gerald	  	Everlast Energy LLC	  	2004/4945	  	September 1, 2003	  	Section 4, T21S, R11W

  

 29 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

	Walker, Barbara D., Trustee	  	Everlast Energy LLC	  	2004/23379	  	July 2, 2004	  	Section 6, T21S, R11W
					
	Walker, Lois Dean Booth	  	Everlast Energy LLC	  	2005/1766	  	July 5, 2004	  	Section 34, T21S, R12W
					
	Wallace, Gordon W.	  	Everlast Energy LLC	  	2003/24540	  	September 28, 2003	  	Section 20, T21S, R11W
					
	Wallace, Jerry and wife, Betty Joyce Wallace	  	Everlast Energy LLC	  	2004/4943	  	November 16, 2003	  	Section 6, T21S, R11W
					
	Walters, Kenneth F. and wife, Judy G. Walters	  	Everlast Energy LLC	  	2004/5018	  	September 24, 2003	  	Section 10, T21S, R11W
					
	Walton, Evelyn Foster, a married woman	  	EVERLAST ENERGY LLC	  	2003/24492	  	October 4, 2003	  	Section 24, T22S, R12W
					
	Washington, Jim Henry	  	EVERLAST ENERGY LLC	  	2004/5708	  	December 8, 2003	  	Section 20, T22S, R11W
					
	Washington, Mary	  	EVERLAST ENERGY LLC	  	2005/1889	  	September 29, 2004	  	Section 26, T22S, R12W
					
	Washington, Pierce, Jr.	  	EVERLAST ENERGY LLC	  	2004/27150	  	August 17, 2004	  	Sections 24, 25 & 27, T22S, R12W
					
	Washington, Pierce, Jr.	  	EVERLAST ENERGY LLC	  	2004/27147	  	August 17, 2004	  	Section 26, T22S, R12W
					
	Washington, Pierce, Jr.	  	EVERLAST ENERGY LLC	  	2005/763	  	January 6, 2005	  	Section 30, T22S, R11W
					
	Washington, Rhonda R.	  	EVERLAST ENERGY LLC	  	2004/28182	  	October 25, 2004	  	Section 26, T22S, R12W
					
	Washington, Timothy	  	EVERLAST ENERGY LLC	  	2004/28185	  	October 25, 2004	  	Section 26, T22S, R12W
					
	Washington, Valerie	  	EVERLAST ENERGY LLC	  	2004/28188	  	October 25, 2004	  	Section 26, T22S, R12W
					
	Wasileski, Doris P.	  	Everlast Energy LLC	  	2004/5710	  	December 9, 2003	  	Sections 4 & 9, T21S, R11W
					
	Weatherspoon, Jerome	  	EVERLAST ENERGY LLC	  	2004/5005	  	October 13, 2003	  	Section 24, T22S, R12W
					
	Weatherspoon, Willie James	  	EVERLAST ENERGY LLC	  	2004/452	  	October 4, 2003	  	Section 24, T22S, R12W
					
	Webb, Katie M.	  	Everlast Energy LLC	  	2003/21698	  	June 26, 2003	  	Sections 10 & 11, T21S, R11W
					
	Webster, Timothy Matthew and wife, Tracey Lachelle Webster	  	Everlast Energy LLC	  	2004/398	  	October 18, 2003	  	Section 4, T21S, R11W
					
	Webster, Vista M. & Carl D. Hall	  	Everlast Energy LLC	  	2004/5354	  	November 25, 2003	  	Section 34, T20S, R11W
					
	Wedgeworth, Ruth G.	  	Everlast Energy LLC	  	2004/27167	  	August 26, 2004	  	Section 20, T20S, R11W
					
	Wedgworth, Tonya Lynn and husband Zachary Wedgeworth	  	Everlast Energy LLC	  	2004/5021	  	November 12, 2003	  	Section 1, T21S, R12W
					
	Wentling, Ann Houston	  	Everlast Energy LLC	  	2003/21491	  	August 5, 2003	  	Sections 19 & 20, T20S, R11W

  

 30 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

					
	Wesley West Minerals, Ltd.	  	Everlast Energy LLC	  	2004/395	  	November 18, 2003	  	Sections 19, 21 & 31, T20S, R11W; Section 35, T20S, R12W; Section 17, T 21S, R11W; Sections 21, 27, 33 & 35, T21S, R12W
					
	 West, Barbara Ann
 Mason and husband, Jimmie
West
	  	Everlast Energy LLC	  	2003/24542	  	September 3, 2003	  	Section 10, T21S, R11W
					
	Westside Bible Chapel of Northport, Alabama	  	Everlast Energy LLC	  	2004/12276	  	November 6, 2003	  	Section 12, T21S, R11W
					
	Weyerhaeuser Company	  	Everlast Energy LLC	  	2003/21701	  	June 20, 2003	  	Sections 19 & 30, T20S, R 11W; Sections 1, 2, 3 10 & 15, T21S, R12W; Section 32, T22S, R11W
					
	Wheat, Glyndon	  	Everlast Energy LLC	  	2003/24545	  	August 16, 2003	  	Section 34, T21S, R12W
					
	Wheatley, Katherine Booth	  	Everlast Energy LLC	  	2004/5364	  	October 26, 2003	  	Section 12, T21S, R11W
					
	Wheatley, Terry Glenn and wife, Debra Lynn Wheatley	  	Everlast Energy LLC	  	2004/5328	  	October 27, 2003	  	Section 12, T21S, R11W
					
	White, Annie L.	  	EVERLAST ENERGY LLC	  	2005/759	  	January 6, 2005	  	Section 13, T22S, R12W
					
	White Oak Investments, Ltd.	  	Everlast Energy LLC	  	2003/21707	  	July 9, 2003	  	Sections 14, 23 & 24, T21S, R12W
					
	Whitehead, Christy L.	  	Everlast Energy LLC	  	2004/10417	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Whitley, Donald Ray and wife, Mildred L. Whitley	  	Everlast Energy LLC	  	2004/4941	  	November 4, 2003	  	Section 4, T21S, R11W
					
	Whitely, Kenneth R. and wife, Juanita A. Whitley	  	Everlast Energy LLC	  	2004/3611	  	October 28, 2003	  	Section 14, T21S, R11W
					
	Wildmon, Cynthia L.	  	Everlast Energy LLC	  	2003/22971	  	August 21, 2003	  	Sections 27 & 34, T20S, R11W
					
	Wilhite, R. Gene and wife, Judy V. Wilhite	  	Everlast Energy LLC	  	2004/5712	  	November 1, 2003	  	Section 9, T21S, R11W
					
	Wilkerson, Kenneth Ray and wife, Jayleen T. Wikerson	  	EVERLAST ENERGY LLC	  	2004/5028	  	November 13, 2003	  	Section 14, T22S, R12W
					
	Williams, A.T.	  	EVERLAST ENERGY LLC	  	2004/27157	  	September 28, 2004	  	Section 22, T22S, R11W
					
	Williams Kemp	  	EVERLAST ENERGY LLC	  	2004/27153	  	September 28, 2004	  	Section 22, T22S, R11W
					
	Williams, Louise	  	EVERLAST ENERGY LLC	  	2004/23382	  	September 10, 2004	  	Section 20, T22S, R11W
					
	Willmon, Jr. Joe and wife, Rhonda Willmon	  	Everlast Energy LLC	  	2004/3613	  	November 4, 2003	  	Section 1, T21S, R12W

  

 31 

									
	 LESSOR’S NAME
	  	 LESSEE
	  	 RECORDED
Deed Book/
 Page
	  	DATE OF LEASE	  	 SECTION TOWNSHIP &
RANGE

					
	Wilson, Annette	  	Everlast Energy LLC	  	2004/23386	  	July 27, 2004	  	Section 26, T21S, R12W
					
	Wilson, Carolyn Smith	  	Everlast Energy LLC	  	2004/12306	  	December 30, 2003	  	Section 12, T21S, R11W
					
	Wilson, Eugenia Davant	  	Everlast Energy LLC	  	2004/5324	  	November 12, 2003	  	Section 25, T20S, R12W; Sections 5 & 7, T21S, R11W; Section 3, T22S, R12W
					
	 Wilson, James et ux,
 Mary Ruth
	  	Everlast Energy LLC	  	2003/21711	  	August 21, 2003	  	Section 6, T21S, R11W
					
	Wilson, Larry E.	  	Everlast Energy LLC	  	2003/21713	  	August 21, 2003	  	Section 6, T21S, R11W
					
	Wilson, Raymond O. and wife, Sylvia H. Wilson	  	Everlast Energy LLC	  	2004/5714	  	December 13, 2003	  	Section 1, T21S, R12W
					
	 Wilson, Sr., James D.
 and wife Betty J.
Wilson
	  	Everlast Energy LLC	  	2004/5025	  	September 24, 2003	  	Section 10, T21S, R11W
					
	Windham, Donna K.	  	EVERLAST ENERGY LLC	  	2004/10419	  	January 2, 2004	  	Section 20, T22S, R11W
					
	Wood, Lois B.	  	Everlast Energy LLC	  	2004/23388	  	July 27, 2004	  	Section 26, T21S, R12W
					
	Woods, Deborah T.	  	Everlast Energy LLC	  	2004/4990	  	November 16, 2003	  	Section 12, T21S, R11W
					
	Woods, Jimmy M. and wife, Mary D. Woods	  	Everlast Energy LLC	  	2004/4988	  	September 2, 2003	  	Section 16, T21S, R11W
					
	Yager, Steven R. and wife, Tammy T. Yager	  	Everlast Energy LLC	  	2004/5211	  	December 2, 2003	  	Section 32, T20S, R11W
					
	Yager, Tammy T.	  	Everlast Energy LLC	  	2004/5352	  	December 2, 2003	  	Section 32, T20S, R11W
					
	*EVERLAST ENERGY LLC (Thornton Creek Area)	  		  		  		  	
					
	 *Everlast Energy LLC
 (Robinson’s Bend
Area)
	  		  		  		  	

  

 32Master Agreement and Schedule

 Exhibit 10.7 
 (Multicurrency—Cross Border) 
 ISDA®

 International Swaps and Derivatives Association, Inc. 
 MASTER AGREEMENT 
 dated as of June 16, 2006 
 THE ROYAL BANK OF SCOTLAND PLC (“PARTY A”) and CONSTELLATION ENERGY RESOURCES LLC (“PARTY B”) have entered and/or anticipate entering
into one or more transactions (each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (the “Schedule”), and the documents and other confirming evidence (each a
“Confirmation”) exchanged between the parties confirming those Transactions. 
 Accordingly, the parties agree as follows: – 
  

	1.	Interpretation 

 (a) Definitions. The terms
defined in Section 14 and in the Schedule will have the meanings therein specified for the purpose of this Master Agreement. 
 (b)
Inconsistency. In the event of any inconsistency between the provisions of the Schedule and the other provisions of this Master Agreement, the Schedule will prevail. In the event of any inconsistency between the provisions of
any Confirmation and this Master Agreement (including the Schedule), such Confirmation will prevail for the purpose of the relevant Transaction. 
 (c)
Single Agreement. All Transactions are entered into in reliance on the fact that this Master Agreement and all Confirmations form a single agreement between the parties (collectively referred to as this “Agreement”),
and the parties would not otherwise enter into any Transactions. 
  

	2.	Obligations 

 (a) General Conditions. 
 (i) Each party will make each payment or delivery specified in each Confirmation to be made by it, subject to the other provisions of this Agreement.

 (ii) Payments under this Agreement will be made on the due date for value on that date in the place of the account specified in the
relevant Confirmation or otherwise pursuant to this Agreement, in freely transferable funds and in the manner customary for payments in the required currency. Where settlement is by delivery (that is, other than by payment), such delivery will be
made for receipt on the due date in the manner customary for the relevant obligation unless otherwise specified in the relevant Confirmation or elsewhere in this Agreement. 
 (iii) Each obligation of each party under Section 2(a)(i) is subject to (1) the condition precedent that no Event of Default or Potential Event
of Default with respect to the other party has occurred and is continuing, (2) the condition precedent that no Early Termination Date in respect of the relevant Transaction has occurred or been effectively designated and (3) each other
applicable condition precedent specified in this Agreement. 
 Copyright © 1992 by International Swaps and Derivatives Association, Inc.

 (b) Change of Account. Either party may change its account for receiving a payment or delivery by
giving notice to the other party at least five Local Business Days prior to the scheduled date for the payment or delivery to which such change applies unless such other party gives timely notice of a reasonable objection to such change. 

(c) Netting. If on any date amounts would otherwise be payable: – 
  

	 	(i)	in the same currency; and 

  

	 	(ii)	in respect of the same Transaction, 

 by each party to the other, then, on
such date, each party’s obligation to make payment of any such amount will be automatically satisfied and discharged and, if the aggregate amount that would otherwise have been payable by one party exceeds the aggregate amount that would
otherwise have been payable by the other party, replaced by an obligation upon the party by whom the larger aggregate amount would have been payable to pay to the other party the excess of the larger aggregate amount over the smaller aggregate
amount. 
 The parties may elect in respect of two or more Transactions that a net amount will be determined in respect of all amounts payable on the same
date in the same currency in respect of such Transactions, regardless of whether such amounts are payable in respect of the same Transaction. The election may be made in the Schedule or a Confirmation by specifying that subparagraph (ii) above
will not apply to the Transactions identified as being subject to the election, together with the starting date (in which case subparagraph (ii) above will not, or will cease to, apply to such Transactions from such date). This election may be
made separately for different groups of Transactions and will apply separately to each pairing of Offices through which the parties make and receive payments or deliveries. 
 (d) Deduction or Withholding for Tax. 
 (i) Gross-Up. All payments under
this Agreement will be made without any deduction or withholding for or on account of any Tax unless such deduction or withholding is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, then in
effect. If a party is so required to deduct or withhold, then that party (“X”) will: – 
 (1) promptly notify the other party
(“Y”) of such requirement; 
 (2) pay to the relevant authorities the full amount required to be deducted or withheld (including the
full amount required to be deducted or withheld from any additional amount paid by X to Y under this Section 2(d)) promptly upon the earlier of determining that such deduction or withholding is required or receiving notice that such amount has
been assessed against Y; 
 (3) promptly forward to Y an official receipt (or a certified copy), or other documentation reasonably acceptable
to Y, evidencing such payment to such authorities; and 
 (4) if such Tax is an Indemnifiable Tax, pay to Y, in addition to the payment to
which Y is otherwise entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y
would have received had no such deduction or withholding been required. However, X will not be required to pay any additional amount to Y to the extent that it would not be required to be paid but for: – 
 (A) the failure by Y to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d); or 
  

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 (B) the failure of a representation made by Y pursuant to Section 3(f) to be accurate and true
unless such failure would not have occurred but for (I) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after the date on which a Transaction is entered into (regardless of whether such action is
taken or brought with respect to a party to this Agreement) or (II) a Change in Tax Law. 
 (ii) Liability. If: –

 (1) X is required by any applicable law, as modified by the practice of any relevant governmental revenue authority, to make any deduction
or withholding in respect of which X would not be required to pay an additional amount to Y under Section 2(d)(i)(4); 
 (2) X does not
so deduct or withhold; and 
 (3) a liability resulting from such Tax is assessed directly against X, 
 then, except to the extent Y has satisfied or then satisfies the liability resulting from such Tax, Y will promptly pay to X the amount of such liability
(including any related liability for interest, but including any related liability for penalties only if Y has failed to comply with or perform any agreement contained in Section 4(a)(i), 4(a)(iii) or 4(d)). 
 (e) Default Interest; Other Amounts. Prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant
Transaction, a party that defaults in the performance of any payment obligation will, to the extent permitted by Law and subject to Section 6(c), be required to pay interest (before as well as after judgment) on the overdue amount to the other
party on demand in the same currency as such overdue amount, for the period from (and including) the original due date for payment to (but excluding) the date of actual payment, at the Default Rate. Such interest will be calculated on the basis of
daily compounding and the actual number of days elapsed. If, prior to the occurrence or effective designation of an Early Termination Date in respect of the relevant Transaction, a party defaults in the performance of any obligation required to be
settled by delivery, it will compensate the other party on demand if and to the extent provided for in the relevant Confirmation or elsewhere in this Agreement. 
  

	3.	Representations 

 Each party represents to the other party (which
representations will be deemed to be repeated by each party on each date on which a Transaction is entered into and, in the case of the representations in Section 3(f), at all times until the termination of this Agreement) that: –

 (a) Basic Representations. 
 (i)
Status. It is duly organized and validly existing under the laws of the jurisdiction of its organization or incorporation and, if relevant under such laws, in good standing; 
 (ii) Powers. It has the power to execute this Agreement and any other documentation relating to this Agreement to which it is a
party, to deliver this Agreement and any other documentation relating to this Agreement that it is required by this Agreement to deliver and to perform its obligations under this Agreement and any obligations it has under any Credit Support Document
to which it is a party and has taken all necessary action to authorize such execution, delivery and performance; 
 (iii) No Violation
or Conflict. Such execution, delivery and performance do not violate or conflict with any law applicable to it, any provision of its constitutional documents, any order 

  

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 ISDA® 1992 

 
or judgment of any court or other agency of government applicable to it or any of its assets or any contractual restriction binding on or affecting it or any
of its assets; 
 (iv) Consents. All governmental and other consents that are required to have been obtained by it with
respect to this Agreement or any Credit Support Document to which it is a party have been obtained and are in full force and effect and all conditions of any such consents have been complied with; and 
 (v) Obligations Binding. Its obligations under this Agreement and any Credit Support Document to which it is a party constitute its
legal, valid and binding obligations, enforceable in accordance with their respective terms (subject to applicable bankruptcy, reorganization, insolvency, moratorium or similar laws affecting creditors’ rights generally and subject, as to
enforceability, to equitable principles of general application (regardless of whether enforcement is sought in a proceeding in equity or at law)). 
 (b)
Absence of Certain Events. No Event of Default or Potential Event of Default or, to its knowledge, Termination Event with respect to it has occurred and is continuing and no such event or circumstance would occur as a result of
its entering into or performing its obligations under this Agreement or any Credit Support Document to which it is a party. 
 (c) Absence of
Litigation. There is not pending or, to its knowledge, threatened against it or any of its Affiliates any action, suit or proceeding at law or in equity or before any court, tribunal, governmental body, agency or official or any
arbitrator that is likely to affect the legality, validity or enforceability against it of this Agreement or any Credit Support Document to which it is a party or its ability to perform its obligations under this Agreement or such Credit Support
Document. 
 (d) Accuracy of Specified Information. All applicable information that is furnished in writing by or on behalf of it to the
other party and is identified for the purpose of this Section 3(d) in the Schedule is, as of the date of the information, true, accurate and complete in every material respect. 
 (e) Payer Tax Representation. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(e) is accurate and true. 
 (f) Payee Tax Representations. Each representation specified in the Schedule as being made by it for the purpose of this Section 3(f) is
accurate and true. 
  

	4.	Agreements 

 Each party agrees with the other that, so long as
either party has or may have any obligation under this Agreement or under any Credit Support Document to which it is a party: – 
 (a) Furnish
Specified Information. It will deliver to the other party or, in certain cases under subparagraph (iii) below, to such government or taxing authority as the other party reasonably directs: – 
 (i) any forms, documents or certificates relating to taxation specified in the Schedule or any Confirmation; 
 (ii) any other documents specified in the Schedule or any Confirmation; and 
 (iii) upon reasonable demand by such other party, any form or document that may be required or reasonably requested in writing in order to allow such other party or its Credit Support Provider to make a payment under
this Agreement or any applicable Credit Support Document without any deduction or withholding for or on account of any Tax or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or
document would not materially prejudice the legal or commercial position of the party in receipt of such demand), 

  

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with any such form or document to be accurate and completed in a manner reasonably satisfactory to such other party and to be executed and to be delivered
with any reasonably required certification, 
 in each case by the date specified in the Schedule or such Confirmation or, if none is specified, as soon as
reasonably practicable. 
 (b) Maintain Authorizations. It will use all reasonable efforts to maintain in full force and effect all
consents of any governmental or other authority that are required to be obtained by it with respect to this Agreement or any Credit Support Document to which it is a party and will use all reasonable efforts to obtain any that may become necessary
in the future. 
 (c) Comply with Laws. It will comply in all material respects with all applicable laws and orders to which it may be
subject if failure so to comply would materially impair its ability to perform its obligations under this Agreement or any Credit Support Document to which it is a party. 
 (d) Tax Agreement. It will give notice of any failure of a representation made by it under Section 3(f) to be accurate and true promptly upon learning of such failure. 
 (e) Payment of Stamp Tax. Subject to Section 11, it will pay any Stamp Tax levied or imposed upon it or in respect of its execution or performance of
this Agreement by a jurisdiction in which it is incorporated, organized, managed and controlled, or considered to have its seat, or in which a branch or office through which it is acting for the purpose of this Agreement is located (“Stamp Tax
Jurisdiction”) and will indemnify the other party against any Stamp Tax levied or imposed upon the other party or in respect of the other party’s execution or performance of this Agreement by any such Stamp Tax Jurisdiction which is not
also a Stamp Tax Jurisdiction with respect to the other party. 
  

	5.	Events of Default and Termination Events 

 (a) Events of
Default. The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any of the following events constitutes an event of default (an
“Event of Default”) with respect to such party: – 
 (i) Failure to Pay or Deliver. Failure by the party
to make, when due, any payment under this Agreement or delivery under Section 2(a)(i) or 2(e) required to be made by it if such failure is not remedied on or before the third Local Business Day after notice of such failure is given to the
party; 
 (ii) Breach of Agreement. Failure by the party to comply with or perform any agreement or obligation (other
than an obligation to make any payment under this Agreement or delivery under Section 2 (a)(i) or 2(e) or to give notice of a Termination Event or any agreement or obligation under Section 4(a)(i), 4(a)(iii) or 4(d)) to be complied with or
performed by the party in accordance with this Agreement if such failure is not remedied on or before the thirtieth day after notice of such failure is given to the party; 
 (iii) Credit Support Default. 
 (1) Failure by the party or any Credit Support Provider of such
party to comply with or perform any agreement or obligation to be complied with or performed by it in accordance with any Credit Support Document if such failure is continuing after any applicable grace period has elapsed; 
 (2) the expiration or termination of such Credit Support Document or the failing or ceasing of such Credit Support Document to be in full force and effect
for the purpose of this Agreement (in either case other than in accordance with its terms) prior to the satisfaction of all obligations of such party under each Transaction to which such Credit Support Document relates without the written consent of
the other party; or 
  

 5 
 ISDA® 1992 

 (3) the party or such Credit Support Provider disaffirms, disclaims, repudiates or rejects, in whole or
in part, or challenges the validity of, such Credit Support Document; 
 (iv) Misrepresentation. A representation (other
than a representation under Section 3(e) or (f)) made or repeated or deemed to have been made or repeated by the party or any Credit Support Provider of such party in this Agreement or any Credit Support Document proves to have been incorrect
or misleading in any material respect when made or repeated or deemed to have been made or repeated; 
 (v) Default under Specified
Transaction. The party, any Credit Support Provider of such party or any applicable Specified Entity of such party (1) defaults under a Specified Transaction and, after giving effect to any applicable notice requirement or grace
period, there occurs a liquidation of, an acceleration of obligations under, or an early termination of, that Specified Transaction, (2) defaults, after giving effect to any applicable notice requirement or grace period, in making any payment
or delivery due on the last payment, delivery or exchange date of, or any payment on early termination of, a Specified Transaction (or such default continues for at least three Local Business Days if there is no applicable notice requirement or
grace period) or (3) disaffirms, disclaims, repudiates or rejects, in whole or in part, a Specified Transaction (or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf); 
 (vi) Cross Default. If “Cross Default” is specified in the Schedule as applying to the party, the occurrence or existence
of (1) a default, event of default or other similar condition or event (however described) in respect of such party, any Credit Support Provider of such party or any applicable Specified Entity of such party under one or more agreements or
instruments relating to Specified Indebtedness of any of them (individually or collectively) in an aggregate amount of not less than the applicable Threshold Amount (as specified in the Schedule) which has resulted in such Specified Indebtedness
becoming, or becoming capable at such time of being declared, due and payable under such agreements or instruments before it would otherwise have been due and payable or (2) a default by such party, such Credit Support Provider or such
Specified Entity (individually or collectively) in making one or more payments on the due date thereof in an aggregate amount of not less than the applicable Threshold Amount under such agreements or instruments (after giving effect to any
applicable notice requirement or grace period); 
 (vii) Bankruptcy. The party, any Credit Support Provider of such party
or any applicable Specified Entity of such party: – 
 (1) is dissolved (other than pursuant to a consolidation, amalgamation or merger);
(2) becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due; (3) makes a general assignment, arrangement or composition with or for the benefit of its
creditors; (4) institutes or has instituted against it a proceeding seeking a judgment of insolvency or bankruptcy or any other relief under any bankruptcy or insolvency law or other similar law affecting creditors’ rights, or a petition
is presented for its winding-up or liquidation, and, in the case of any such proceeding or petition instituted or presented against it, such proceeding or petition (A) results in a judgment of insolvency or bankruptcy or the entry of an order
for relief or the making of an order for its winding-up or liquidation or (B) is not dismissed, discharged, stayed or restrained in each case within 30 days of the institution or presentation thereof; (5) has a resolution passed for its
winding-up, official management or liquidation (other than pursuant to a consolidation, amalgamation or merger); (6) seeks or becomes subject to the appointment of an administrator, provisional liquidator, conservator, receiver, trustee,
custodian or other similar official for it or for all or substantially all its assets; (7) has a secured party take possession of all or substantially all its assets or has a distress, execution, attachment, sequestration or other legal process
levied, enforced or sued on or against all or 

  

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 ISDA® 1992 

 
substantially all its assets and such secured party maintains possession, or any such process is not dismissed, discharged, stayed or restrained, in each
case within 30 days thereafter; (8) causes or is subject to any event with respect to it which, under the applicable laws of any jurisdiction, has an analogous effect to any of the events specified in clauses (1) to (7) (inclusive);
or (9) takes any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any of the foregoing acts; or 
 (viii) Merger Without Assumption. The party or any Credit Support Provider of such party consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and,
at the time of such consolidation, amalgamation, merger or transfer: – 
 (1) the resulting, surviving or transferee entity fails to
assume all the obligations of such party or such Credit Support Provider under this Agreement or any Credit Support Document to which it or its predecessor was a party by operation of law or pursuant to an agreement reasonably satisfactory to the
other party to this Agreement; or 
 (2) the benefits of any Credit Support Document fail to extend (without the consent of the other party)
to the performance by such resulting, surviving or transferee entity of its obligations under this Agreement. 
 (b) Termination Events.
The occurrence at any time with respect to a party or, if applicable, any Credit Support Provider of such party or any Specified Entity of such party of any event specified below constitutes an Illegality if the event is specified in
(i) below, a Tax Event if the event is specified in (ii) below or a Tax Event Upon Merger if the event is specified in (iii) below, and, if specified to be applicable, a Credit Event Upon Merger if the event is specified pursuant to
(iv) below or an Additional Termination Event if the event is specified pursuant to (v) below: – 
 (i)
Illegality. Due to the adoption of, or any change in, any applicable law after the date on which a Transaction is entered into, or due to the promulgation of, or any change in, the interpretation by any court, tribunal or
regulatory authority with competent jurisdiction of any applicable law after such date, it becomes unlawful (other than as a result of a breach by the party of Section 4(b)) for such party (which will be the Affected Party): – 

(1) to perform any absolute or contingent obligation to make a payment or delivery, or to receive a payment or delivery in respect of such Transaction
or to comply with any other material provision of this Agreement relating to such Transaction; or 
 (2) to perform, or for any Credit Support
Provider of such party to perform, any contingent or other obligation which the party (or such Credit Support Provider) has under any Credit Support Document relating to such Transaction. 
 (ii) Tax Event. Due to (x) any action taken by a taxing authority, or brought in a court of competent jurisdiction, on or after
the date on which a Transaction is entered into (regardless of whether such action is taken or brought with respect to a party to this Agreement) or (y) a Change in Tax Law, the party (which will be the Affected Party) will, or there is a
substantial likelihood that it will, on the next succeeding Scheduled Payment Date (1) be required to pay to the other party an additional amount in respect of an Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest
under Section 2(e), 6(d)(ii) or 6(e)) or (2) receive a payment from which an amount is required to be deducted or withheld for or on account of a Tax (except in respect of interest under Section 2(e), 6(d)(ii) or 6(e)) and no
additional amount is required to be paid in respect of such Tax under Section 2(d)(i)(4) (other than by reason of Section 2(d)(i)(4)(A) or (B)); 
 (iii) Tax Event Upon Merger. The party (the “Burdened Party”) on the next succeeding Scheduled Payment Date will either (1) be required to pay an additional amount in respect of an
Indemnifiable Tax under Section 2(d)(i)(4) (except in respect of interest under Section 2(e), 6(d)(ii) or 

  

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 ISDA® 1992 

 
6(e)) or (2) receive a payment from which an amount has been deducted or withheld for or on account of any Indemnifiable Tax in respect of which the
other party is not required to pay an additional amount (other than by reason of Section 2(d)(i)(4)(A) or (B)), in either case as a result of a party consolidating or amalgamating with, or merging with or into, or transferring all or
substantially all its assets to, another entity (which will be the Affected Party) where such action does not constitute an event described in Section 5(a)(viii); 
 (iv) Credit Event Upon Merger. If “Credit Event Upon Merger” is specified in the Schedule as applying to the party, such party (“X”), any Credit Support Provider of X or any
applicable Specified Entity of X consolidates or amalgamates with, or merges with or into, or transfers all or substantially all its assets to, another entity and such action does not constitute an event described in Section 5(a)(viii) but the
creditworthiness of the resulting, surviving or transferee entity is materially weaker than that of X, such Credit Support Provider or such Specified Entity, as the case may be, immediately prior to such action (and, in such event, X or its
successor or transferee, as appropriate, will be the Affected Party); or 
 (v) Additional Termination Event. If any
“Additional Termination Event” is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination
Event in the Schedule or such Confirmation). 
 (c) Event of Default and Illegality. If an event or circumstance which would otherwise
constitute or give rise to an Event of Default also constitutes an Illegality, it will be treated as an Illegality and will not constitute an Event of Default. 
  

	6.	Early Termination 

 (a) Right to Terminate Following Event of
Default. If at any time an Event of Default with respect to a party (the “Defaulting Party”) has occurred and is then continuing, the other party (the “Non-defaulting Party”) may, by not more than 20 days notice to
the Defaulting Party specifying the relevant Event of Default, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all outstanding Transactions. If, however, “Automatic Early
Termination” is specified in the Schedule as applying to a party, then an Early Termination Date in respect of all outstanding Transactions will occur immediately upon the occurrence with respect to such party of an Event of Default specified
in Section 5(a)(vii)(l), (3), (5), (6) or, to the extent analogous thereto, (8) and as of the time immediately preceding the institution of the relevant proceeding or the presentation of the relevant petition upon the occurrence with
respect to such party of an Event of Default specified in Section 5(a)(vii)(4) or, to the extent analogous thereto, (8). 
 (b) Right to Terminate
Following Termination Event. 
 (i) Notice. If a Termination Event occurs, an Affected Party will, promptly upon
becoming aware of it notify the other party, specifying the nature of that Termination Event and each Affected Transaction and will also give such other information about that Termination Event as the other party may reasonably require. 

(ii) Transfer to Avoid Termination Event. If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is
only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable
efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the
Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. 
  

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 If the Affected Party is not able to make such a transfer it will give notice to the other party to that
effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). 
 Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party’s
policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed. 
 (iii) Two
Affected Parties. If an Illegality under Section 5(b)(i)(l) or a Tax Event occurs and there are two Affected Parties, each party will use all reasonable efforts to reach agreement within 30 days after notice thereof is given
under Section 6(b)(i) on action to avoid that Termination Event. 
 (iv) Right to Terminate. If: – 

(1) a transfer under Section 6(b)(ii) or an agreement under Section 6(b)(iii), as the case may be, has not been effected with respect to all
Affected Transactions within 30 days after an Affected Party gives notice under Section 6(b)(i); or 
 (2) an Illegality under
Section 5(b)(i)(2) a Credit Event Upon Merger or an Additional Termination Event occurs, or a Tax Event Upon Merger occurs and the Burdened Party is not the Affected Party, 
 either party in the case of an Illegality, the Burdened Party in the case of a Tax Event Upon Merger, any Affected Party in the case of a Tax Event or an
Additional Termination Event if there is more than one Affected Party, or the party which is not the Affected Party in the case of a Credit Event Upon Merger or an Additional Termination Event if there is only one Affected Party may, by not more
than 20 days notice to the other party and provided that the relevant Termination Event is then continuing, designate a day not earlier than the day such notice is effective as an Early Termination Date in respect of all Affected Transactions.

 (c) Effect of Designation. 
 (i)
If notice designating an Early Termination Date is given under Section 6(a) or (b), the Early Termination Date will occur on the date so designated, whether or not the relevant Event of Default or Termination Event is then continuing.

 (ii) Upon the occurrence or effective designation of an Early Termination Date, no further payments or deliveries under
Section 2(a)(i) or 2(e) in respect of the Terminated Transactions will be required to be made, but without prejudice to the other provisions of this Agreement. The amount, if any, payable in respect of an Early Termination Date shall be
determined pursuant to Section 6(e). 
 (d) Calculations. 
 (i) Statement. On or as soon as reasonably practicable following the occurrence of an Early Termination Date, each party will make the calculations on its part, if any, contemplated by
Section 6(e) and will provide to the other party a statement (1) showing, in reasonable detail, such calculations (including all relevant quotations and specifying any amount payable under Section 6(e)) and (2) giving details of
the relevant account to which any amount payable to it is to be paid. In the absence of written confirmation from the source of a quotation obtained in determining a Market Quotation, the records of the party obtaining such quotation will be
conclusive evidence of the existence and accuracy of such quotation. 
 (ii) Payment Date. An amount calculated as being
due in respect of any Early Termination Date under Section 6(e) will be payable on the day that notice of the amount payable is effective (in the case of an Early Termination Date which is designated or occurs as a result of an Event of 

  

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Default) and on the day which is two Local Business Days after the day on which notice of the amount payable is effective (in the case of an Early
Termination Date which is designated as a result of a Termination Event). Such amount will be paid together with (to the extent permitted under applicable law) interest thereon (before as well as after judgment) in the Termination Currency, from
(and including) the relevant Early Termination Date to (but excluding) the date such amount is paid, at the Applicable Rate. Such interest will be calculated on the basis of daily compounding and the actual number of days elapsed. 
 (e) Payments on Early Termination. If an Early Termination Date occurs, the following provisions shall apply based on the parties’ election in
the Schedule of a payment measure, either “Market Quotation” or “Loss,” and a payment method, either the “First Method” or the “Second Method”. If the parties fail to designate a payment measure or payment
method in the Schedule, it will be deemed that “Market Quotation” or the “Second Method,” as the case may be, shall apply. The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this
Section will be subject to any Set-off. 
 (i) Events of Default. If the Early Termination Date results from an Event of
Default: – 
 (1) First Method and Market Quotation. If the First Method and Market Quotation apply, the Defaulting
Party will pay to the Non-defaulting Party the excess, if a positive number, of (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of
the Unpaid Amounts owing to the Non-defaulting Party over (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. 
 (2) First Method and Loss. If the First Method and Loss apply, the Defaulting Party will pay to the Non-defaulting Party, if a positive number, the Non-defaulting Party’s Loss in respect of
this Agreement. 
 (3) Second Method and Market Quotation. If the Second Method and Market Quotation apply, an amount
will be payable equal to (A) the sum of the Settlement Amount (determined by the Non-defaulting Party) in respect of the Terminated Transactions and the Termination Currency Equivalent of the Unpaid Amounts owing to the Non-defaulting Party
less (B) the Termination Currency Equivalent of the Unpaid Amounts owing to the Defaulting Party. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative number, the Non-defaulting
Party will pay the absolute value of that amount to the Defaulting Party. 
 (4) Second Method and Loss. If the Second
Method and Loss apply, an amount will be payable equal to the Non-defaulting Party’s Loss in respect of this Agreement. If that amount is a positive number, the Defaulting Party will pay it to the Non-defaulting Party; if it is a negative
number, the Non-defaulting Party will pay the absolute value of that amount to the Defaulting Party. 
 (ii) Termination
Events. If the Early Termination Date results from a Termination Event: – 
 (1) One Affected Party.
If there is one Affected Party, the amount payable will be determined in accordance with Section 6(e)(i)(3), if Market Quotation applies, or Section 6(e)(i)(4), if Loss applies, except that, in either case, references to the Defaulting
Party and to the Non-defaulting Party will be deemed to be references to the Affected Party and the party which is not the Affected Party, respectively, and, if Loss applies and fewer than all the Transactions are being terminated, Loss shall be
calculated in respect of all Terminated Transactions. 
  

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 ISDA® 1992 

 (2) Two Affected Parties. If there are two Affected Parties: – 
 (A) if Market Quotation applies, each party will determine a Settlement Amount in respect of the Terminated Transactions, and an amount will be payable
equal to (I) the sum of (a) one-half of the difference between the Settlement Amount of the party with the higher Settlement Amount (“X”) and the Settlement Amount of the party with the lower Settlement Amount (“Y”) and
(b) the Termination Currency Equivalent of the Unpaid Amounts owing to X less (II) the Termination Currency Equivalent of the Unpaid Amounts owing to Y; and 
 (B) if Loss applies, each party will determine its Loss in respect of this Agreement (or, if fewer than all the Transactions are being terminated, in respect of all Terminated Transactions) and an amount will be
payable equal to one-half of the difference between the Loss of the party with the higher Loss (“X”) and the Loss of the party with the lower Loss (“Y”). 
 If the amount payable is a positive number, Y will pay it to X; if it is a negative number, X will pay the absolute value of that amount to Y. 

(iii) Adjustment for Bankruptcy. In circumstances where an Early Termination Date occurs because “Automatic Early
Termination” applies in respect of a party, the amount determined under this Section 6(e) will be subject to such adjustments as are appropriate and permitted by law to reflect any payments or deliveries made by one party to the other
under this Agreement (and retained by such other party) during the period from the relevant Early Termination Date to the date for payment determined under Section 6(d)(ii). 
 (iv) Pre-Estimate. The parties agree that if Market Quotation applies an amount recoverable under this Section 6(e) is a
reasonable pre-estimate of loss and not a penalty. Such amount is payable for the loss of bargain and the loss of protection against future risks and except as otherwise provided in this Agreement neither party will be entitled to recover any
additional damages as a consequence of such losses. 
  

	7.	Transfer 

 Subject to Section 6(b)(ii), neither this Agreement
nor any interest or obligation in or under this Agreement may be transferred (whether by way of security or otherwise) by either party without the prior written consent of the other party, except that: – 
 (a) a party may make such a transfer of this Agreement pursuant to a consolidation or amalgamation with, or merger with or into, or transfer of all or substantially all
its assets to, another entity (but without prejudice to any other right or remedy under this Agreement); and 
 (b) a party may make such a transfer of all
or any part of its interest in any amount payable to it from a Defaulting Party under Section 6(e). 
 Any purported transfer that is not in compliance
with this Section will be void. 
  

	8.	Contractual Currency 

 (a) Payment in the Contractual
Currency. Each payment under this Agreement will be made in the relevant currency specified in this Agreement for that payment (the “Contractual Currency”). To the extent permitted by applicable law, any obligation to make
payments under this Agreement in the Contractual Currency will not be discharged or satisfied by any tender in any currency other than the Contractual Currency, except to the extent such tender results in the actual receipt by the party to which
payment is owed, acting in a reasonable manner and in good faith in converting the currency so tendered into the Contractual Currency, of the full amount in the Contractual Currency of all amounts payable in respect of this Agreement. If for any
reason the amount in the Contractual Currency so received falls short of the 

  

 11 
 ISDA® 1992 

 
amount in the Contractual Currency payable in respect of this Agreement, the party required to make the payment will, to the extent permitted by applicable
law, immediately pay such additional amount in the Contractual Currency as may be necessary to compensate for the shortfall. If for any reason the amount in the Contractual Currency so received exceeds the amount in the Contractual Currency payable
in respect of this Agreement, the party receiving the payment will refund promptly the amount of such excess. 
 (b) Judgments. To the
extent permitted by applicable law, if any judgment or order expressed in a currency other than the Contractual Currency is rendered (i) for the payment of any amount owing in respect of this Agreement, (ii) for the payment of any amount
relating to any early termination in respect of this Agreement or (iii) in respect of a judgment or order of another court for the payment of any amount described in (i) or (ii) above, the party seeking recovery, after recovery in
full of the aggregate amount to which such party is entitled pursuant to the judgment or order, will be entitled to receive immediately from the other party the amount of any shortfall of the Contractual Currency received by such party as a
consequence of sums paid in such other currency and will refund promptly to the other party any excess of the Contractual Currency received by such party as a consequence of sums paid in such other currency if such shortfall or such excess arises or
results from any variation between the rate of exchange at which the Contractual Currency is converted into the currency of the judgment or order for the purposes of such judgment or order and the rate of exchange at which such party is able, acting
in a reasonable manner and in good faith in converting the currency received into the Contractual Currency, to purchase the Contractual Currency with the amount of the currency of the judgment or order actually received by such party. The term
“rate of exchange” includes, without limitation, any premiums and costs of exchange payable in connection with the purchase of or conversion into the Contractual Currency. 
 (c) Separate Indemnities. To the extent permitted by applicable law, these indemnities constitute separate and independent obligations from the other obligations in this Agreement, will be
enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums
payable in respect of this Agreement. 
 (d) Evidence of Loss. For the purpose of this Section 8, it will be sufficient for a party
to demonstrate that it would have suffered a loss had an actual exchange or purchase been made. 
  

	9.	Miscellaneous 

 (a) Entire Agreement. This Agreement
constitutes the entire agreement and understanding of the parties with respect to its subject matter and supersedes all oral communication and prior writings with respect thereto. 
 (b) Amendments. No amendment, modification or waiver in respect of this Agreement will be effective unless in writing (including a writing evidenced by a facsimile transmission) and executed by
each of the parties or confirmed by an exchange of telexes or electronic messages on an electronic messaging system. 
 (c) Survival of
Obligations. Without prejudice to Sections 2(a)(iii) and 6(c)(ii), the obligations of the parties under this Agreement will survive the termination of any Transaction. 
 (d) Remedies Cumulative. Except as provided in this Agreement, the rights, powers, remedies and privileges provided in this Agreement are cumulative and not exclusive of any rights, powers,
remedies and privileges provided by law. 
 (e) Counterparts and Confirmations. 
 (i) This Agreement (and each amendment, modification and waiver in respect of it) may be executed and delivered in counterparts (including by facsimile
transmission), each of which will be deemed an original. 
  

 12 
 ISDA® 1992 

 (ii) The parties intend that they are legally bound by the terms of each Transaction from the moment they
agree to those terms (whether orally or otherwise). A Confirmation shall be entered into as soon as practicable and may be executed and delivered in counterparts (including by facsimile transmission) or be created by an exchange of telexes or by an
exchange of electronic messages on an electronic messaging system, which in each case will be sufficient for all purposes to evidence a binding supplement to this Agreement. The parties will specify therein or through another effective means that
any such counterpart, telex or electronic message constitutes a Confirmation. 
 (f) No Waiver of Rights. A failure or delay in
exercising any right, power or privilege in respect of this Agreement will not be presumed to operate as a waiver, and a single or partial exercise of any right, power or privilege will not be presumed to preclude any subsequent or further exercise,
of that right, power or privilege or the exercise of any other right, power or privilege. 
 (g) Headings. The headings used in this
Agreement are for convenience of reference only and are not to affect the construction of or to be taken into consideration in interpreting this Agreement. 
  

	10.	Offices; Multibranch Parties 

 (a) If Section 10(a) is
specified in the Schedule as applying, each party that enters into a Transaction through an Office other than its head or home office represents to the other party that, notwithstanding the place of booking office or jurisdiction of incorporation or
organization of such party, the obligations of such party are the same as if it had entered into the Transaction through its head or home office. This representation will be deemed to be repeated by such party on each date on which a Transaction is
entered into. 
 (b) Neither party may change the Office through which it makes and receives payments or deliveries for the purpose of a Transaction without
the prior written consent of the other party. 
 (c) If a party is specified as a Multibranch Party in the Schedule, such Multibranch Party may make and
receive payments or deliveries under any Transaction through any Office listed in the Schedule, and the Office through which it makes and receives payments or deliveries with respect to a Transaction will be specified in the relevant Confirmation.

  

	11.	Expenses 

 A Defaulting Party will, on demand, indemnify and hold
harmless the other party for and against all reasonable out-of-pocket expenses, including legal fees and Stamp Tax, incurred by such other party by reason of the enforcement and protection of its rights under this Agreement or any Credit Support
Document to which the Defaulting Party is a party or by reason of the early termination of any Transaction, including, but not limited to, costs of collection. 
  

	12.	Notices 

 (a) Effectiveness. Any notice or
other communication in respect of this Agreement may be given in any manner set forth below (except that a notice or other communication under Section 5 or 6 may not be given by facsimile transmission or electronic messaging system) to the
address or number or in accordance with the electronic messaging system details provided (see the Schedule) and will be deemed effective as indicated: – 
 (i) if in writing and delivered in person or by courier, on the date it is delivered; 
 (ii) if sent by
telex, on the date the recipient’s answerback is received; 
 (iii) if sent by facsimile transmission, on the date that transmission is
received by a responsible 

  

 13 
 ISDA® 1992 

 
employee of the recipient in legible form (it being agreed that the burden of proving receipt will be on the sender and will not be met by a transmission
report generated by the sender’s facsimile machine); 
 (iv) if sent by certified or registered mail (airmail, if overseas) or the
equivalent (return receipt requested), on the date that mail is delivered or its delivery is attempted; or 
 (v) if sent by electronic
messaging system, on the date that electronic message is received, 
 unless the date of that delivery (or attempted delivery) or that
receipt, as applicable, is not a Local Business Day or that communication is delivered (or attempted) or received, as applicable, after the close of business on a Local Business Day, in which case that communication shall be deemed given and
effective on the first following day that is a Local Business Day. 
 (b) Change of Addresses. Either party may by notice
to the other change the address, telex or facsimile number or electronic messaging system details at which notices or other communications are to be given to it. 
  

	13.	Governing Law and Jurisdiction 

 (a) Governing Law.
This Agreement will be governed by and construed in accordance with the law specified in the Schedule. 
 (b) Jurisdiction. With
respect to any suit, action or proceedings relating to this Agreement (“Proceedings”), each party irrevocably: – 
 (i) submits
to the jurisdiction of the English courts, if this Agreement is expressed to be governed by English law, or to the non-exclusive jurisdiction of the courts of the State of New York and the United States District Court located in the Borough of
Manhattan in New York City, if this Agreement is expressed to be governed by the laws of the State of New York; and 
 (ii) waives any
objection which it may have at any time to the laying of venue of any Proceedings brought in any such court, waives any claim that such Proceedings have been brought in an inconvenient forum and further waives the right to object, with respect to
such Proceedings, that such court does not have any jurisdiction over such party. 
 Nothing in this Agreement precludes either party from bringing
Proceedings in any other jurisdiction (outside, if this Agreement is expressed to be governed by English law, the Contracting States, as defined in Section 1(3) of the Civil Jurisdiction and Judgments Act 1982 or any modification, extension or
re-enactment thereof for the time being in force) nor will the bringing of Proceedings in any one or more jurisdictions preclude the bringing of Proceedings in any other jurisdiction. 
 (c) Service of Process. Each party irrevocably appoints the Process Agent (if any) specified opposite its name in the Schedule to receive, for it and on its behalf, service of process in any
Proceedings. If for any reason any party’s Process Agent is unable to act as such, such party will promptly notify the other party and within 30 days appoint a substitute process agent acceptable to the other party. The parties irrevocably
consent to service of process given in the manner provided for notices in Section 12. Nothing in this Agreement will affect the right of either party to serve process in any other manner permitted by law. 
 (d) Waiver of Immunities. Each party irrevocably waives, to the fullest extent permitted by applicable law, with respect to itself and its revenues
and assets (irrespective of their use or intended use), all immunity on the grounds of sovereignty or other similar grounds from (i) suit, (ii) jurisdiction of any court, (iii) relief by way of injunction, order for specific
performance or for recovery of property, (iv) attachment of its assets (whether before or after judgment) and (v) execution or enforcement of any judgment to which it or its revenues or assets might otherwise be entitled in any Proceedings
in the courts of any jurisdiction and irrevocably agrees, to the extent permitted by applicable law, that it will not claim any such immunity in any Proceedings. 
  

 14 
 ISDA® 1992 

	14.	Definitions 

 As used in this
Agreement: – 
 “Additional Termination Event” has the meaning specified in Section 5(b). 
 “Affected Party” has the meaning specified in Section 5(b). 
 “Affected Transactions” means (a) with respect to any Termination Event consisting of an Illegality, Tax Event or Tax Event
Upon Merger, all Transactions affected by the occurrence of such Termination Event and (b) with respect to any other Termination Event, all Transactions. 
 “Affiliate” means, subject to the Schedule, in relation to any person, any entity controlled, directly or indirectly, by the person, any entity that controls, directly or indirectly, the person or any
entity directly or indirectly under common control with the person. For this purpose, “control” of any entity or person means ownership of a majority of the voting power of the entity or person. 
 “Applicable Rate” means: – 
 (a)
in respect of obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Defaulting Party, the Default Rate; 
 (b) in
respect of an obligation to pay an amount under Section 6(e) of either party from and after the date (determined in accordance with Section 6(d)(ii)) on which that amount is payable, the Default Rate; 
 (c) in respect of all other obligations payable or deliverable (or which would have been but for Section 2(a)(iii)) by a Non-defaulting Party, the Non-default Rate;
and 
 (d) in all other cases, the Termination Rate. 
 “Burdened Party” has the meaning specified in Section 5(b). 
 “Change in Tax
Law” means the enactment, promulgation, execution or ratification of, or any change in or amendment to, any law (or in the application or official interpretation of any law) that occurs on or after the date on which the relevant
Transaction is entered into. 
 “consent” includes a consent, approval, action, authorization, exemption, notice,
filing, registration or exchange control consent. 
 “Credit Event Upon Merger” has the meaning specified in
Section 5(b). 
 “Credit Support Document” means any agreement or instrument that is specified as such in this
Agreement. 
 “Credit Support Provider” has the meaning specified in the Schedule. 
 “Default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the relevant payee (as
certified by it) if it were to fund or of funding the relevant amount plus 1% per annum. 
 “Defaulting Party” has
the meaning specified in Section 6(a). 
 “Early Termination Date” means the date determined in accordance with
Section 6(a) or 6(b)(iv). 
 “Event of Default” has the meaning specified in Section 5(a) and, if applicable,
in the Schedule. 
  

 15 
 ISDA® 1992 

 “Illegality” has the meaning specified in
Section 5(b). 
 “Indemnifiable Tax” means any Tax other than a Tax that would not be imposed in respect of a
payment under this Agreement but for a present or former connection between the jurisdiction of the government or taxation authority imposing such Tax and the recipient of such payment or a person related to such recipient (including, without
limitation, a connection arising from such recipient or related person being or having been a citizen or resident of such jurisdiction, or being or having been organized, present or engaged in a trade or business in such jurisdiction, or having or
having had a permanent establishment or fixed place of business in such jurisdiction, but excluding a connection arising solely from such recipient or related person having executed, delivered, performed its obligations or received a payment under,
or enforced, this Agreement or a Credit Support Document). 
 “law” includes any treaty, law, rule or regulation (as modified,
in the case of tax matters, by the practice of any relevant governmental revenue authority) and “lawful” and “unlawful” will be construed accordingly. 
 “Local Business Day” means, subject to the Schedule, a day on which commercial banks are open for business (including dealings in
foreign exchange and foreign currency deposits) (a) in relation to any obligation under Section 2(a)(i), in the place(s) specified in the relevant Confirmation or, if not so specified, as otherwise agreed by the parties in writing or
determined pursuant to provisions contained, or incorporated by reference, in this Agreement, (b) in relation to any other payment, in the place where the relevant account is located and, if different, in the principal financial centre, if any,
of the currency of such payment, (c) in relation to any notice or other communication, including notice contemplated under Section 5(a)(i), in the city specified in the address for notice provided by the recipient and, in the case of a
notice contemplated by Section 2(b), in the place where the relevant new account is to be located and (d) in relation to Section 5(a)(v)(2), in the relevant locations for performance with respect to such Specified Transaction.

 “Loss” means, with respect to this Agreement or one or more Terminated Transactions, as the case may be, and a
party, the Termination Currency Equivalent of an amount that party reasonably determines in good faith to be its total losses and costs (or gain, in which case expressed as a negative number) in connection with this Agreement or that Terminated
Transaction or group of Terminated Transactions, as the case may be, including any loss of bargain, cost of funding or, at the election of such party but without duplication, loss or cost incurred as a result of its terminating, liquidating,
obtaining or reestablishing any hedge or related trading position (or any gain resulting from any of them). Loss includes losses and costs (or gains) in respect of any payment or delivery required to have been made (assuming satisfaction of each
applicable condition precedent) on or before the relevant Early Termination Date and not made, except, so as to avoid duplication, if Section 6(e)(i)(1) or (3) or 6(e)(ii)(2)(A) applies. Loss does not include a party’s legal fees and
out-of-pocket expenses referred to under Section 11. A party will determine its Loss as of the relevant Early Termination Date, or, if that is not reasonably practicable, as of the earliest date thereafter as is reasonably practicable. A party
may (but need not) determine its Loss by reference to quotations of relevant rates or prices from one or more leading dealers in the relevant markets. 
 “Market Quotation” means, with respect to one or more Terminated Transactions and a party making the determination, an amount determined on the basis of quotations from Reference Market-makers. Each
quotation will be for an amount, if any, that would be paid to such party (expressed as a negative number) or by such party (expressed as a positive number) in consideration of an agreement between such party (taking into account any existing Credit
Support Document with respect to the obligations of such party) and the quoting Reference Market-maker to enter into a transaction (the “Replacement Transaction”) that would have the effect of preserving for such party the economic
equivalent of any payment or delivery (whether the underlying obligation was absolute or contingent and assuming the satisfaction of each applicable condition precedent) by the parties under Section 2(a)(i) in respect of such Terminated
Transaction or group of Terminated Transactions that would, but for the occurrence of the relevant Early Termination Date, have been required after that date. For this purpose, Unpaid Amounts in respect of the Terminated Transaction or group of
Terminated Transactions are to be excluded but, without limitation, any payment or delivery that would, but for the relevant Early Termination Date, have been required (assuming satisfaction of each applicable condition precedent) after that Early
Termination Date is to be included. The Replacement Transaction would be subject to such documentation as such party and the Reference Market-maker may, in good faith, agree. The party making the determination (or its agent) will request each

  

 Copyright © 1992 by International Swaps and Derivatives Association, Inc. 

 
Reference Market-maker to provide its quotation to the extent reasonably practicable as of the same day and time (without regard to different time zones) on
or as soon as reasonably practicable after the relevant Early Termination Date. The day and time as of which those quotations are to be obtained will be selected in good faith by the party obliged to make a determination under Section 6(e),
and, if each party is so obliged, after consultation with the other. If more than three quotations are provided, the Market Quotation will be the arithmetic mean of the quotations, without regard to the quotations having the highest and lowest
values. If exactly three such quotations are provided, the Market Quotation will be the quotation remaining after disregarding the highest and lowest quotations. For this purpose, if more than one quotation has the same highest value or lowest
value, then one of such quotations shall be disregarded. If fewer than three quotations are provided, it will be deemed that the Market Quotation in respect of such Terminated Transaction or group of Terminated Transactions cannot be determined.

 “Non-default Rate” means a rate per annum equal to the cost (without proof or evidence of any actual cost) to the
Non-defaulting Party (as certified by it) if it were to fund the relevant amount. 
 “Non-defaulting Party” has the
meaning specified in Section 6(a). 
 “Office” means a branch or office of a party, which may be such party’s
head or home office. 
 “Potential Event of Default” means any event which, with the giving of notice or the lapse of
time or both, would constitute an Event of Default. 
 “Reference Market-makers” means four leading dealers in the
relevant market selected by the party determining a Market Quotation in good faith (a) from among dealers of the highest credit standing which satisfy all the criteria that such party applies generally at the time in deciding whether to offer
or to make an extension of credit and (b) to the extent practicable, from among such dealers having an office in the same city. 
 “Relevant Jurisdiction” means, with respect to a party, the jurisdictions (a) in which the party is incorporated, organized, managed and controlled or considered to have its seat, (b) where an
Office through which the party is acting for purposes of this Agreement is located, (c) in which the party executes this Agreement and (d) in relation to any payment, from or through which such payment is made. 
 “Scheduled Payment Date” means a date on which a payment or delivery is to be made under Section 2(a)(i) with respect to a
Transaction. 
 “Set-off” means set-off, offset, combination of accounts, right of retention or withholding or similar
right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer. 
 “Settlement Amount” means, with respect to a party and any Early Termination Date, the sum of:
– 
 (a) the Termination Currency Equivalent of the Market Quotations (whether positive or negative) for each Terminated Transaction or group of
Terminated Transactions for which a Market Quotation is determined; and 
 (b) such party’s Loss (whether positive or negative and without reference to
any Unpaid Amounts) for each Terminated Transaction or group of Terminated Transactions for which a Market Quotation cannot be determined or would not (in the reasonable belief of the party making the determination) produce a commercially reasonable
result. 
  

 17 
 ISDA® 1992 

 “Specified Entity” has the meaning specified in the Schedule. 
 “Specified Indebtedness” means, subject to the Schedule, any obligation (whether present or future, contingent or otherwise, as
principal or surety or otherwise) in respect of borrowed money. 
 “Specified Transaction” means, subject to the
Schedule, (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such
party) and the other party to this Agreement (or any Credit Support Provider of such other party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap,
commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate
swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions), (b) any combination of these transactions and (c) any other transaction identified as a Specified
Transaction in this Agreement or the relevant confirmation. 
 “Stamp Tax” means any stamp, registration, documentation
or similar tax. 
 “Tax” means any present or future tax, levy, impost, duty, charge, assessment or fee of any nature
(including interest, penalties and additions thereto) that is imposed by any government or other taxing authority in respect of any payment under this Agreement other than a stamp, registration, documentation or similar tax. 
 “Tax Event” has the meaning specified in Section 5(b). 
 “Tax Event Upon Merger” has the meaning specified in Section 5(b). 
 “Terminated Transactions” means with respect to any Early Termination Date (a) if resulting from a Termination Event, all
Affected Transactions and (b) if resulting from an Event of Default, all Transactions (in either case) in effect immediately before the effectiveness of the notice designating that Early Termination Date (or, if “Automatic Early
Termination” applies, immediately before that Early Termination Date). 
 “Termination
Currency” has the meaning specified in the Schedule. 
 “Termination Currency Equivalent” means, in
respect of any amount denominated in the Termination Currency, such Termination Currency amount and, in respect of any amount denominated in a currency other than the Termination Currency (the “Other Currency”), the amount in the
Termination Currency determined by the party making the relevant determination as being required to purchase such amount of such Other Currency as at the relevant Early Termination Date, or, if the relevant Market Quotation or Loss (as the case may
be), is determined as of a later date, that later date, with the Termination Currency at the rate equal to the spot exchange rate of the foreign exchange agent (selected as provided below) for the purchase of such Other Currency with the Termination
Currency at or about 11:00 a.m. (in the city in which such foreign exchange agent is located) on such date as would be customary for the determination of such a rate for the purchase of such Other Currency for value on the relevant Early Termination
Date or that later date. The foreign exchange agent will, if only one party is obliged to make a determination under Section 6(e), be selected in good faith by that party and otherwise will be agreed by the parties. 
 “Termination Event” means an Illegality, a Tax Event or a Tax Event Upon Merger or, if specified to be applicable, a Credit Event
Upon Merger or an Additional Termination Event. 
 “Termination Rate” means a rate per annum equal to the arithmetic
mean of the cost (without proof or evidence of any actual cost) to each party (as certified by such party) if it were to fund or of funding such amounts. 
 “Unpaid Amounts” owing to any party means, with respect to an Early Termination Date, the aggregate of (a) in respect of all Terminated Transactions, the amounts that became payable (or that would
have become 

  

 18 
 ISDA® 1992 

 
payable but for Section 2(a)(iii)) to such party under Section 2(a)(i) on or prior to such Early Termination Date and which remain unpaid as at
such Early Termination Date and (b) in respect of each Terminated Transaction, for each obligation under Section 2(a)(i) which was (or would have been but for Section 2(a)(iii)) required to be settled by delivery to such party on or
prior to such Early Termination Date and which has not been so settled as at such Early Termination Date, an amount equal to the fair market value of that which was (or would have been) required to be delivered as of the originally scheduled date
for delivery, in each case together with (to the extent permitted under applicable law) interest, in the currency of such amounts, from (and including) the date such amounts or obligations were or would have been required to have been paid or
performed to (but excluding) such Early Termination Date, at the Applicable Rate. Such amounts of interest will be calculated on the basis of daily compounding and the actual number of days elapsed. The fair market value of any obligation referred
to in clause (b) above shall be reasonably determined by the party obliged to make the determination under Section 6(e) or, if each party is so obliged, it shall be the average of the Termination Currency Equivalents of the fair market
values reasonably determined by both parties. 
 IN WITNESS WHEREOF the parties have executed this document on the respective dates specified below
with effect from the date specified on the first page of this document. 
  

													
	 THE ROYAL BANK OF SCOTLAND PLC
 By:
Greenwich Capital Markets, Inc., its agent
	 		 	CONSTELLATION ENERGY RESOURCES LLC
					
	By:	 	/s/ Christopher F. Swanson	 		 	 By:
	 	/s/ Felix J. Dawson
		 	Name:	 	Christopher F. Swanson	 		 		 	 Name:
	 	Felix J. Dawson
		 	Title:	 	Managing Director	 		 		 	Title:	 	President and CEO
		 	Date:	 	June 20, 2006	 		 		 	Date:	 	June 20, 2006

  

 19 
 ISDA® 1992 

 Multicurrency - Cross Border 
  

 SCHEDULE 
 to the 
 Master Agreement 
 Dated as of June 16, 2006 
 between 
 THE ROYAL BANK OF SCOTLAND PLC 
 A
bank organized under the laws of Scotland 
 (“Party A”) 
 and 
 CONSTELLATION ENERGY RESOURCES LLC 
 A corporation organized and existing under the laws of Delaware 
 (“Party B”) 
 Part 1. 
 Termination Provisions 
  

	(1)	“Specified Entity” means in relation to Party A and Party B for the purpose of: 

  

			
	 Section 5(a)(v)
	  	 Not Applicable

	 Section 5(a)(vi)
	  	 Not Applicable

	 Section 5(a)(vii)
	  	 Not Applicable

	 Section 5(a)(iv)
	  	 Not Applicable

  

	(2)	“Specified Transaction” means (a) any transaction (including an agreement with respect thereto) now existing or hereafter entered into between one party
to this Agreement (or any Credit Support Provider of such party or any applicable Specified Entity of such party) and any other party (including, without limitation, the other party to this Agreement or any Credit Support Provider of such other
party or any applicable Specified Entity of such other party) which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest
rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option, or any other similar transaction (including any option with respect
to any of these transactions), (b) any transaction relating to the delivery of securities between the parties to this Agreement, (c) any combination of these transactions, and (d) any other transaction identified as a Specified
Transaction in this Agreement or the relevant confirmation. 

  

	(3)	The “Cross Default” provisions of Section 5(a)(vi) will apply to Party A and will apply to Party B. For purposes of Section 5(a)(vi), the following
provisions apply: 

 “Specified Indebtedness” will have the meaning specified in Section 14 of this
Agreement. 
 “Threshold Amount” means, (i) with respect to Party A, the greater of (a) three
percent (3%) of the shareholders’ equity of Party A as shown on its most recent annual audited financial statements, and (b) USD 50 Million; (ii) with respect to Party B or its Credit Support Providers, and its Specified Entities
(if any), the greater of (a) three percent (3%) of the shareholders’ equity of Party A’s Credit Support Provider as shown in its most recent annual audited financial statements, and (b) USD 50 Million (including in each
case, its equivalent in any other currency or composite currency). 
  

	(4)	The “Credit Event Upon Merger” provisions of Section 5(b)(iv) will apply to Party A and to Party B, provided; however, that “materially weaker”
appearing in the fifth line of Section 5(b)(iv) shall mean the resulting, surviving, or transferee entity of the Affected Party, or its Credit Support Provider, if applicable, receives a rating, with respect to its long-term unsecured and
unsubordinated indebtedness, lower than Baa3 by Moody’s Investor Services, Inc., or lower than BBB- by Standard and Poor’s Ratings Group. 

  

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	(5)	The “Automatic Early Termination” provision of Section 6(a) will not apply to Party A and to Party B. 

  

	(6)	Payments on Early Termination. For the purpose of Section 6(e) of this Agreement: 

  

	 	(i)	Market Quotation will apply; and 

  

	 	(ii)	The Second Method will apply. 

  

	(7)	“Termination Currency” means United States Dollars. 

  

	(8)	“Additional Termination Event” will not apply. 

 Part 2. 
 Tax Representations 
  

	(a)	Payer Tax Representations. For the purpose of Section 3(e) of this Agreement, each party will make with respect to itself the following representation: –

 It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any
Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii), or 6(e) of this Agreement) to be made by it to the other party under this Agreement. In
making this representation, it may rely on (i) the accuracy of any representation made by the other party pursuant to Section 3(f) of this Agreement; (ii) the satisfaction of the agreement of the other party contained in
Section 4(a)(i) or 4(a)(iii) of this Agreement and the accuracy and effectiveness of any document provided by the other party pursuant to Section 4(a)(i) or 4(a)(iii) of this Agreement; and (iii) the satisfaction of the agreement of
the other party contained in Section 4(d) of this Agreement, provided that it shall not be a breach of this representation where reliance is placed on sub-clause (ii) above and the other party does not deliver a form or document
under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position. 
  

	(b)	Tax Representation. For the purpose of Section 3(f) of this Agreement, (i) the following representations will apply to Party A: 

  

	 	(a)	It is a tax resident of the United Kingdom. 

  

	 	(b)	It is a “foreign person” within the meaning of the applicable U.S. Treasury Regulations concerning information reporting and backup withholding tax (as in effect on
January 1, 2001), unless Party A provides written notice to Party B that it is no longer a foreign person. 

  

	 	(c)	In respect of each Transaction it enters into through an office or discretionary agent in the United States or which otherwise is allocated (in whole or part) for United States
federal income tax purposes to such United States trade or business, each payment received or to be received by it under such Transaction (or portion thereof, if applicable) will be effectively connected with its conduct of a trade or business in
the United States; and, 

  

	 	(d)	In respect of all other Transactions or portions thereof, no such payment received or to be received by it in connection with this Agreement is attributable to a trade or business
carried on by it through a permanent establishment in the United States. 

  

	(c)	Tax Representation. For the purpose of Section 3(f) of this Agreement, the following representations will apply to Party B: 

 It is a corporation established under the laws of the State of Delaware and its U.S. taxpayer identification number is: 11-3742489. 
 Each payment received or to be received by Party B in connection with this Agreement will effectively connected with the conduct of a trade or business in
the U.S. 
  

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 Part 3. 
 Agreement to Deliver Documents 
 For the purpose of Section 4(a) of this Agreement, each party agrees to deliver
the following documents, as applicable: 
  

	(a)	Tax forms, documents, or certificates to be delivered are: – 

  

							
	 Party required to deliver
document
	  	 Forms/Documents/ Certificate
	  	 Date by which
 to be delivered
	  	 Covered by
 Section 3(d)

	Party A	  	(i) In respect of each Transaction described in Part 2, subsection (b)(i)(d), United States Internal Revenue Service Form W-8BEN (with parts I, II & IV fully completed, including checking
lines 9a, 9b and 9c), or any successor form; and (ii) In respect of each Transaction described in Part 2, subsection (b)(i)(c), United States Internal Revenue Service Form W-8ECI (with all parts fully completed), or any successor form.	  	(i) On a date which is before the first Scheduled Payment Date under this Agreement, and every three years thereafter, (ii) promptly upon reasonable demand by Party B, and (iii) promptly upon
learning that any such form previously provided by Party A has become obsolete, incorrect, or ineffective.	  	Yes
				
	Party B	  	United States Internal Revenue Service Form W-9, or any successor form.	  	(i) On a date which is before the first Scheduled Payment Date under this Agreement, (ii) promptly upon reasonable demand by Party A, and (iii) promptly upon learning that any such form
previously provided by Party B has become obsolete, incorrect, or ineffective.	  	Yes

  

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	 	(b)	Other documents to be delivered are: – 

  

							
	 Party required to deliver
document
	  	 Forms/Documents/ Certificate
	  	 Date by which
 to be delivered
	  	 Covered by
 Section 3(d)

	Party A and Party B	  	An incumbency certificate with respect to the signatory of this Agreement.	  	Upon execution of this Agreement.	  	Yes
				
	Party A and Party B’s Credit Support Provider	  	A copy of its annual report containing audited consolidated financial statements for such fiscal year certified by independent public accountants and prepared in accordance with generally
accepted accounting practices consistently applied.	  	As soon as practicable after demand, but in no event later than 120 days after the end of each fiscal year of each party, or its Credit Support Provider if such financial statement is not
available on “EDGAR” or a party, or its Credit Support Provider’s home page on the World Wide Web at www.constellation.com for Party B.	  	Yes
				
	Party B’s Credit Support Provider	  	A copy of the unaudited financial statements for its most recent fiscal quarter and prepared in accordance with generally accepted accounting practices consistently applied.	  	As soon as practicable after demand, but in no event later than 60 days after the end of each fiscal quarter of each party, or its Credit Support Provider if such financial statement is not
available on “EDGAR” or a party, or its Credit Support Provider’s home page on the World Wide Web at www.constellation.com for Party B.	  	Yes
				
	Party B	  	A copy of the resolutions (the “Authorizing Resolutions”) of the board of directors, certified by a secretary or assistant secretary, pursuant to which it is authorized to enter into
this Agreement and each Transaction entered into hereunder.	  	Upon execution of this Agreement.	  	Yes

  

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 Part 4. 
 Miscellaneous 
  

	(1)	Addresses for Notices. For the purpose of Section 12(a) of this Agreement: 

  

	 	(i)	Address for notices or communications to Party A: 

  

			
	 Address:
	  	 The Royal Bank of Scotland plc, Financial Markets
 135
Bishopsgate
 London EC2M 3UR

	Attention:	  	Swaps Administration
	Telephone No.:	  	+44 20 7375 5000
	Facsimile No.:	  	+44 20 7375 5050
		
	 With a copy to:
	  	
		
	 Address:
	  	 600 Steamboat Road
 Greenwich, CT
06830

	 Attention:
	  	Legal Department - Derivatives Documentation
	 Telephone No.:
	  	203-618-2531/6467
	 Facsimile No.:
	  	203-422-4531/4247

  

	 	(ii)	Address for notices or communications to Party B: 

  

			
	Address:	  	 Constellation Energy Resources LLC
 111 Market Place,
Suite 500
 Baltimore, Maryland 21202

	Attention:	  	Contract Administration
	Telephone No.:	  	410-468-3798
	Facsimile No.:	  	410-468-3499
	
	 For Transaction Confirmations:

		
	 Attention:
	  	Operations Department
	 Telephone No.:
	  	410-468-3620
	 Facsimile No.:
	  	410-468-3540
	
	 With an additional copy of any notices required under Sections 5 and 6 to be delivered to:

		
		  	 Constellation Energy Commodities Group, Inc.
 111
Market Place, Suite 500
 Baltimore, MD 21202
 Attn: General
Counsel
 Facsimile No.: (410) 468-3499

  

	(2)	Governing Law. This Agreement will be governed by and construed in accordance with the laws of the State of New York without reference to choice of law doctrine.

  

	(3)	Process Agent. For the purpose of Section 13(c) of the Agreement: Not Applicable. 

  

	(4)	Offices. The provisions of Section 10(a) of the Agreement will apply. 

  

	(6)	Multibranch Party. For the purpose of Section 10 of the Agreement: 

  

	 	(b)	Party A is a Multibranch Party and may act through any of its Offices including, but not limited to, its London and New York Offices. 

  

	 	(b)	Party B is not a Multibranch Party and will act through its Maryland Office. 

  

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	(7)	Effectiveness of Notice. Section 12(a) is hereby amended by deleting the words “facsimile transmission or” in line 3 thereof. Sections 12(a)(ii) and
(v) are void under this Agreement. 

  

	(8)	Calculation Agent. The Calculation Agent is Party A unless an Event of Default or Potential Event of Default has occurred and is continuing in which event Party B shall be
the Calculation Agent. 

  

	(9)	“Affiliate” will have the meaning specified in Section 14 of the Agreement. 

  

	(10)	Netting of Payments. Subparagraph (ii) of Section 2(c) of the Agreement will apply. 

  

	(11)	Section 9(b) is hereby amended by deleting all the words after “parties” on the third line. 

  

	(12)	Credit Support Document(s): 

 With respect to Party
B, the guarantee of Party B’s Credit Support Provider. 
  

	(12)	Credit Support Provider(s). 

 “Credit
Support Provider” means with respect to Party A: Not applicable; and with respect to Party B, Constellation Energy Group, Inc. 
 Part 5. 
 Other Provisions 
  

	(1)	Confirmations. Notwithstanding anything to the contrary in the Agreement: 

 The parties hereby amend Section 9(e)(ii) by adding the following sentences at the end thereof; “On or promptly following the trade date of a Transaction, Party A will send to Party B a Confirmation. Party B
will promptly thereafter confirm the accuracy of such Confirmation by executing and returning such Confirmation to Party A; or, by requesting Party A to correct such Confirmation. If any dispute shall arise as to whether an error exists in a
Confirmation, the parties shall in good faith make reasonable efforts to resolve the dispute. If Party B fails to accept or dispute the Confirmation in the manner set forth above within two local Business Days after it was effectively sent to Party
B, the Confirmation shall be deemed to correctly reflect the parties’ agreement on the terms of the Transaction referred to therein, absent manifest error. The requirement of this section and elsewhere in this Agreement that the parties
exchange Confirmations shall for all purposes be deemed satisfied by a Confirmation sent and an acknowledgment deemed given as provided herein.” 
  

	(2)	Additional Agreements. Each party agrees, upon learning of the occurrence of any event or commencement of any condition that constitutes (or that with the giving of notice or
passage of time or both would constitute) an Event of Default or Termination Event with respect to such party, promptly to give the other party notice of such event or condition (or, in lieu of giving notice of such event or condition in the case of
an event or condition that with the giving of notice or passage of tine or both would constitute an Event of Default or Termination Event with respect to the party, to cause such event or condition to cease to exist before becoming an Event of
Default or Termination Event). 

  

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	(3)	Additional Representations. Section 3 of the Agreement is hereby amended by adding at the end thereof the following subsections: 

  

	 	(g)	Trade Option Exemption. In the case of Party B, it is a producer, processor or commercial user of, or a merchant handling, each “commodity” (as such
term is defined in Section la(3) of the Commodities Exchange Act, as amended) which may be the subject of any option entered into between the parties, and any such option entered into is entered into solely for purposes related to its business as
such. 

  

	 	(h)	Eligible Contract Participant. It constitutes an “eligible contract participant” as such term is defined in Section 1a(12) of the Commodity
Exchange Act, as amended and neither this Agreement nor any Transaction will be executed or traded on a “trading facility” within the meaning of section 1(a)(33) of the Commodity Exchange Act, as amended. 

  

	 	(i)	Standardization and Creditworthiness. (x) The economic terms of this Agreement, any Credit Support Document to which it is a party, and each Transaction
have been individually tailored and negotiated by it; (y) it has received and reviewed financial information concerning the other party and has had a reasonable opportunity to ask questions of and receive answers and information from the other
party concerning such other party, this Agreement, such Credit Support Document, and such Transaction, and the creditworthiness of the other party was a material consideration in its entering into or determining the terms of this Agreement, such
Credit Support Document, and such Transaction. 

  

	 	(j)	Line of Business. It has entered into this Agreement (including each Transaction hereunder) in conjunction with its line of business (including financial
intermediation services) or the financing of its business. 

  

	 	(k)	No Reliance. In connection with the negotiation of, the entering into, and the confirming of the execution of, this Agreement, any Credit Support Document to which it
is a party, and each Transaction: (i) it is acting as principal (and not as agent for any other party or in any other capacity, fiduciary or otherwise); (ii) the other party is not acting as a fiduciary or financial or investment advisor
for it; (iii) it is not relying upon any advice, statements, recommendations or representations (whether written or oral) of the other party other than the written representations expressly set forth in this Agreement, in such Credit Support
Document or in the Confirmation of such Transaction; (iv) the other party has not given to it (directly or indirectly through any other person) any advice, counsel, assurance, guarantee, or representation whatsoever as to the expected or
projected success, profitability, return, performance, result, effect, consequence, or benefit (either legal, regulatory, tax, financial, accounting, or otherwise) of this Agreement, such Credit Support Document, or such Transaction; (v) it has
consulted with its own legal, regulatory, tax, business, investment, financial, and accounting advisors to the extent it has deemed necessary, and it has made its own investment, hedging, and trading decisions based upon its own judgment and upon
any advice from such advisors as it has deemed necessary, and not upon any view expressed by the other party; (vi) all trading decisions have been the result of arm’s length negotiations between the parties and are not intended to preclude
either Party (or any of such Party’s Affiliates) from undertaking proprietary trading activities, including hedging and other transactions relating, directly or indirectly, to generation capacity owned or controlled by such Party or its
Affiliates; (vii) it is entering into this Agreement, such Credit Support Document, and such Transaction with a full understanding of all of the risks hereof and thereof (economic and otherwise), and it is capable of assuming and willing to
assume (financially and otherwise) those risks and (viii) it has the capacity to evaluate (internally or through independent professional advice) this Agreement, any such Credit Support Document and each such Transaction (including decisions
regarding the appropriateness or suitability thereof) and has made its own decision to enter into this Agreement, such Credit Support Document and each such Transaction. 

  

	 	(l)	No Agency. In connection with the negotiation of, the entering into, and the confirming of the executing of, this Agreement, any Credit Support Document to which it is
a party, and each Transaction, it is acting as principal (and not as agent in any other capacity, fiduciary or otherwise). 

  

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	 	(m)	Bankruptcy Code Representation. The parties hereto intend that this Agreement shall be a “master agreement” for purposes of 11 U.S.C. 101(53B) and 12 U.S.C.
1821 (e)(8)(d)(vii) or any successor provisions. 

  

	 	(n)	Financial Institution Status. It is a “financial institution”, in that it engages, will engage and holds itself out as engaging in “financial
contracts,” as a counterparty on both sides of one or more “financial markets” (as such quoted terms are defined in Regulation EE of the US Federal Reserve Board, 12 C.F.R. Part 231) and it fulfills at least one of the quantitative
tests contained in such Regulation EE (12 C.F.R. §231 (a)(1) or (a)(2). 

  

	(4)	Netting Provisions. If an Early Termination Date is designated, amounts determined in respect of all Terminated Transactions shall, to the fullest extent permitted by law, be
aggregated with and netted against one another in performing the calculations contemplated by Section 6(e) of this Agreement. Any Terminated Transaction(s) that cannot be so aggregated and netted pursuant to the application of the previous
sentence shall be aggregated and netted amongst themselves to the fullest extent permitted by law. Any Terminated Transactions that cannot be so aggregated and netted against themselves shall instead be (and is hereby agreed always to have been)
governed by, and subject to, (i) the terms and conditions set out in any relevant agreement otherwise superseded by this Agreement as referred to in Part 5(l)(a) of this Schedule or (ii) if no such agreement exists, the terms and
conditions set out in the relevant Confirmation(s) with respect to such Transaction(s). 

  

	(5)	Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such
prohibition or unenforceability without invalidating the remaining provisions of the Agreement or affecting the validity or enforceability of such provision in any other jurisdiction unless such severance shall substantially impair the benefits of
the remaining portions of this Agreement or changes the reciprocal obligations of the parties. The parties hereto shall endeavor in good faith negotiations to replace the prohibited or unenforceable provision with a valid provision, the economic
effect of which comes as close as possible to that of the prohibited or unenforceable provision. This severability provision will not be applicable if any provision of Section 2, 5, 6 or 13 (or any definition or provision in Section 14 to
the extent it relates to, or is used in or in connection with, any such section) is held to be invalid or unenforceable. 

  

	(6)	WAIVER OF JURY TRIAL. EACH PARTY HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY PROCEEDINGS. 

  

	(7)	Consent to Telephonic Recording. Each party hereto consents to the monitoring or recording, at any time and from time to time, by the other party of the telephone
conversations of trading and marketing personnel of the parties and their authorized representatives in connection with this Agreement or any Transaction or potential Transaction; and the parties, waive any further notice of such monitoring or
recording and agree to give proper notice and obtain any necessary consent of such personnel for any such monitoring or recording. 

  

	(8)	Set Off. Section 6 of the Agreement is amended by adding the following new subsection 6(f): 

 (f) In addition to any rights of set-off a party may have as a matter of law or otherwise, upon the occurrence of an Event of Default or Termination Event
under Section 5(b)(iv) with respect to a party (“X”) the other party (“Y”) will have the right (but will not be obliged) without prior notice to X or any other person to set-off any obligation of X owing to Y (whether or not
arising under this Agreement, whether or not matured, whether or not contingent and regardless of the currency, place of payment or booking office of the obligation) against any obligation of Y owing to X [(or any Affiliate of X)] (whether or not
arising under this Agreement, whether or not matured, whether or not contingent and regardless of the currency, place of payment or booking office of the obligation). Y will give notice to the other party of any set-off effected hereunder.

 For the purpose of cross-currency set-off, Y may convert any obligation to another currency into the Termination Currency at the rate of
exchange at which such party would be able, acting in a reasonable manner and in good faith, to purchase the relevant amount of such currency. 
 If an obligation is unascertained, Y may in good faith estimate that obligation and set-off in respect of the estimate, subject to the relevant party accounting to the other when the obligation is ascertained. 
 Nothing in this provision will be deemed to create a charge or other security instrument. 
  

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 Notwithstanding any provision to the contrary contained in this Agreement, the Non-defaulting Party
or party that is not the Affected Party (the “Non-affected Party”), as the case may be, shall not be required to pay to the Defaulting Party or Affected Party any amount under Section 6(e) until the Non-defaulting Party or
Non-affected Party receives confirmation satisfactory to it in its reasonable discretion (which may include an opinion of its counsel) that all other obligations of any kind whatsoever (whether pursuant to Specified Indebtedness as defined herein or
otherwise) of the Defaulting Party or Affected Party to make any payments to the Non-defaulting Party or Non-affected Party or any of its Affiliates under this Agreement, or any other contract or agreement, which are due and payable as of the Early
Termination Date hereof have been fully and finally performed. 
  

	(9)	ISDA Definitions. Unless otherwise specified in a Confirmation, this Agreement, each Confirmation and each Transaction incorporates, and is subject to and governed by the
2000 ISDA Definitions (the “Swap Definitions”), as published by the International Swaps and Derivatives Association, Inc. (collectively the “Definitions”). In the event of any inconsistency between the provisions of this
Agreement and the Swap Definitions, this Agreement will prevail. In the event of any inconsistency between the provisions of any Confirmation and this Agreement or the Swap Definitions, such Confirmation will prevail for the purpose of the relevant
Transaction. 

  

	(10)	Reference Market-makers. The definition of “Reference Market-markers” in Section 14 of this Agreement is hereby amended by: (i) deleting “(a)”
from the second line thereof, (ii) deleting in the fourth line thereof after the word “credit” the words “and (b) to the extent practicable, from among such dealers having an office in the same city” and
(iii) replacing such words with the words “or to enter into transactions similar in nature to Transactions.” 

  

	(11)	Sharing of Information. In connection with its review and approval of Transactions hereunder (including, without limitation, review by credit sanctioning personnel), each
party may share any information concerning the other party with any of its Affiliates. 

  

	(12)	Agency Role of Greenwich Capital Markets, Inc. In connection with this Agreement, Greenwich Capital Markets, Inc. has acted as agent on behalf of Party B. Greenwich Capital
Markets, Inc. has not guaranteed and is not otherwise responsible for the obligations of Party B under this Agreement. 

  

	(13)	Relationship Between The Parties: In connection with the negotiation of, the entering into, of this Agreement, and any other documentation relating to this Agreement to which
it is a party or that it is required by this Agreement to deliver, each party hereby represents and warrants, and, in connection with the negotiation of, the entering into, and the confirming of the execution of each Transaction, each party will be
deemed to represent, to the other party as of the date hereof (or, in connection with any Transaction, as of the date which it enters into such Transaction) that (absent a written agreement between the parties that expressly imposes affirmative
obligations to the contrary for that Transaction): – 

  

	 	(i)	Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and
understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. It has determined to its satisfaction whether or not the rates, prices or other economic terms
of each Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s length negotiations between the
parties. 

  

	 	(ii)	Status of Parties. The other party is not acting as a fiduciary for or an adviser to it in respect of that Transaction. 

  

	 	(iii)	Related Transactions. It is aware that each other party to this Agreement and its Affiliates may from time to time (A) take positions in instruments that are
identical or economically related to a Transaction or (B) have an investment banking or other commercial relationship with the issuer of an instrument underlying a Transaction. 

  

	(14)	Accuracy of Specified Information. Section 3(d) of this Agreement is hereby amended by the addition of the following in the third line thereof after the word
“respect” and before the period: “or, in the case of audited or unaudited financial statements, is a fair presentation of the financial condition of the relevant party in accordance with generally accepted accounting principles as
of the dates of such statements”. 

  

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	(15)	US Federal Securities Laws. In the event Party A and Party B enter into equity or equity-related Transactions, the following representations shall apply:

 Party A and Party B understand that certain Transactions under the Agreement may constitute the purchase or sale of
“securities” as defined in the Securities Act and understand that any such purchase or sale of securities will not be registered under the Securities Act and that any such Securities Transactions may not be re-offered, resold, pledged,
sub-participated or otherwise transferred except (x) in accordance with the Agreement, (y) pursuant to an effective registration statement under the Securities Act or pursuant to an exemption from the registration requirements of the
Securities Act and (z) in accordance with any applicable securities laws of any state of the United States.” 
  

	(16)	Condition to Transfer under Section 7. Upon any transfer pursuant to Section 7 of this Agreement, the transferring party agrees to provide the non-transferring
party with the name and address of the transferee so that the non-transferring party may fulfill its requirements to record the transfer on its books and records, and, notwithstanding anything to the contrary herein, any failure by the transferring
party to do so will render the purported transfer void. 

 SIGNATURE PAGE FOLLOWS 
  

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 IN WITNESS WHEREOF, the parties have executed this document on the respective dates specified below
with effect from the date specified on the first page of this document. 
  

			
	 THE ROYAL BANK OF SCOTLAND PLC
 By:
Its Agent, Greenwich Capital Markets, Inc.

		
	By:	 	/s/ Christopher F. Swanson
	Name:	 	Christopher F. Swanson
	Date:	 	June 20, 2006

  

			
	CONSTELLATION ENERGY RESOURCES, LLC
		
	By:	 	/s/ Felix J. Dawson
	Name:	 	Felix J. Dawson
	Title:	 	President and CEO
	Date:	 	June 20, 2006

  

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