Document:

Unassociated Document

	
  

	
Exhibit 10.1

 

ASSIGNMENT OF OIL AND GAS LEASES, BILL OF SALE AND COVEYANCE, COVERING ALL INTEREST IN:

 

NE/4 Section 22 and NW/4 Section 23, T11 N, R25E

Sequoyah County Oklahoma

 

 

STATE OF TEXAS                  )

COUNTY OF DALLAS     )

THIS ASSIGNMENT OF OIL AND GAS LEASES and BILL of SALE, ("Assignment") effective as of September 1, 2011, at 12:01 A.M. Central Time ("Effective Date"), from Mesa Energy, Inc., 5220 Spring Valley Rd., Suite 525, Dallas, Texas 75254,   hereinafter referred to as “Assignor” conveys all interest unto Wentworth Operating Company, 3500 South Boulevard, Suite D-3, Edmond Oklahoma 73013, hereinafter referred to as "Assignee".

For Ten Dollars ($10.00) and other good and valuable consideration in hand paid, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby sells, assigns, transfers, and conveys unto Assignee, its successors and assigns, all of its right, title and interest in and to:

The Cook #1 well and lease hold interest associated therewith located in the NE/4 Sec. 22, 11N-25E, Sequoyah County, Oklahoma and,

The Gipson #1 well and lease hold interest associated therewith located in the NW/4 Sec. 23, 11N-25E, Sequoyah County, Oklahoma, (hereinafter collectively referred to as the "Interests"), together with:  

	
1.

	
All of Assignor’s right, title and interest in and to the wells, lands, oil and gas leases and leasehold interests (sometimes hereinafter collectively referred to as the "Leases") whether described in full or not as found in said sections.

	
2.  

	
All the wells, equipment, materials and other personal property, fixtures and improvements on the Leases as of the Effective Date (as hereinafter defined), appurtenant thereto or used or obtained in connection with the Wells or with the production, treatment, sale or disposal of hydrocarbons or waste produced therefrom or attributable thereto, and all other appurtenances thereunto belonging (the "Equipment"); provided, however, the Equipment shall not include vehicles, communications equipment, tools, warehouse stock, compressors or leased equipment located on the Leases;

	
3.  

	
All unitization, communitization, pooling, and operating agreements, and the units created thereby which relate to the Leases or interests which relate to the Wells, including any and  all units formed under orders, regulations, rules, and other official acts of the governmental authority having jurisdiction, together with any right, title and interest created thereby in the Leases;

TO HAVE AND TO HOLD the Interests unto Assignee, its successors and assigns, forever, subject to the following terms and conditions:

	
1.  

	
THIS ASSIGNMENT AND BILL OF SALE IS EXECUTED, DELIVERED, AND ACCEPTED WITHOUT ANY REPRESENTATION, WARRANTY OR COVENANT OF TITLE OF ANY KIND OR NATURE, EITHER EXPRESS, IMPLIED OR STATUTORY.  THE INTERESTS ARE BEING CONVEYED AND ASSIGNED TO AND ACCEPTED BY THE ASSIGNEE IN THEIR "AS IS, WHERE IS" CONDITION AND STATE OF REPAIR, AND WITH ANY FAULTS AND DEFECTS.

 

  

1

  

 

	
2. 

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

	
2.  

	
This Assignment and Bill of Sale may be executed by Assignor and Assignee in any number of counterparts, each of which shall be deemed an original instrument, but all of which together shall constitute one and the same instrument.

	
 

	 

 

IN WITNESS WHEREOF, this instrument is executed the 8th day of September 2011, but shall be effective as of 12:01 AM CST, the first day of September, 2011, (the "Effective Date").

	  	  	
“ASSIGNOR”

	
 

	  	
Mesa Energy, Inc.

	  	  	
By /s/Randy M. Griffin

	  	  	
Randy M. Griffin, CEO

  

2Unassociated Document

Exhibit 10.1

 

FIRST AMENDMENT TO

EMPLOYMENT AGREEMENT

This First Amendment to Employment Agreement (this “Amendment”) is entered as of this 13th day of October, 2011 (the “Effective Date”) by and between Medgenics, Inc., a company organized under the laws of the State of Delaware (the “Company”) with principal U.S. offices located at 555 California Avenue, Suite 311, San Francisco, California  94104; and Clarence L. “Butch” Dellio, whose address is 4432 Grays Court, Concord, California  94518 (the “Executive”), to amend the terms of that certain Employment Agreement dated as of July 1, 2011 by and between the Company and the Executive (the “Agreement”).

 

1.           Incorporation of the Agreement.  All capitalized terms which are not defined herein shall have the same meanings as set forth in the Agreement, and the Agreement, to the extent not inconsistent with this Amendment, is incorporated herein by this reference as though the same was set forth in its entirety.  To the extent any terms and provisions of the Agreement are inconsistent with the amendments set forth in Section 2 below, such terms and provisions shall be deemed superseded hereby.  Except as specifically set forth herein, the Agreement shall remain in full force and effect and its provisions shall be binding on the parties hereto.

 

2.           Amendment of the Agreement.  As contemplated by Section 2.1 of the Agreement, the Company and the Executive have mutually agreed to increase the amount of time that the Executive will devote to his duties under the Agreement.  Accordingly, the parties hereby agree to the following amendments to the Agreement:

 

2.1.           Section 2.1 of the Agreement is hereby amended by deleting the number “50%” where it appears in each of the first and fourth lines of said Section 2.1, inserting in its place the number “75%”.

 

2.2.           Section 4.1 of the Agreement is hereby amended by deleting the words “($12,500”) per month” and inserting in their place the words “Eighteen Thousand, Seven Hundred and Fifty Dollars ($18,750”) per month.”

 

2.3.           Section 4.2 of the Agreement is amended by deleting the words “by 100%” and inserting in their place the word “proportionately”.

 

3.           Special Payment.  In recognition of the additional work performed by the Executive during the months of August and September 2011, the Company agrees to pay the Executive $6,250 upon the full execution of this Amendment.  The Company further agrees that the increased salary set forth in Section 2 above shall be payable from and after October 1, 2011 in recognition of the increased services provided by the Executive during the month of October 2011 prior to the Effective Date.

 

4.           Effectuation.  The amendments to the Agreement contemplated by this Amendment shall be deemed effective as of the date first written above upon the full execution of this Amendment and without any further action required by the parties hereto.  There are no conditions precedent or subsequent to the effectiveness of this Amendment.

 

5.           Counterparts.  This Amendment may be executed in two or more identical counterparts, all of which shall be considered one and the same agreement and shall become effective when counterparts have been signed by each party and delivered to the other party. In the event that any signature is delivered by facsimile transmission or by an e-mail which contains a portable document format (.pdf) file of an executed signature page, such signature page shall create a valid and binding obligation of the party executing (or on whose behalf such signature is executed) with the same force and effect as if such signature page were an original thereof.

 

 

  

  

  

 

IN WITNESS WHEREOF, the parties have executed this Amendment as of the Effective Date.

 

	
/s/ Eugene A. Bauer

	 	
/s/ Clarence L. Dellio

	 
	
MEDGENICS , INC.

	 	
Clarence L. Dellio

	 

 

By: Eugene A. Bauer,

       Executive Chairman of the Board of DirectorsUnassociated Document

	
Re:

	
Centerpoint Tower

	  	
6510 Abrams Road

	  	
Dallas, Texas 75231

THIRD AMENDMENT TO LEASE AGREEMENT

	
THE STATE OF TEXAS

	
§

	
 

	
 

	
§

	
KNOW ALL BY THESE PRESENTS:

	
COUNTY OF DALLAS

	
§

	
 

THIRD AMENDMENT TO LEASE AGREEMENT

THIS THIRD AMENDMENT TO LEASE AGREEMENT (the “Third Amendment”) is made as of the 11th day of October, 2011 (“Third Amendment Effective Date”), by and between HERMOSA, LP, a Texas limited partnership (“Landlord”), successor in interest to Miranda Partners, L.P. (“Prior Landlord”) and ZION OIL & GAS, INC. ( “Tenant”).

WHEREAS Prior Landlord and Tenant have heretofore entered into that certain Office Lease Agreement (the “Original Lease”), dated on or about June 20, 2003, as subsequently amended (collectively the “Lease”) covering the premises comprising Suite 300 (the “Original Premises”) in that certain building commonly known as the Centerpoint Tower, 6510 Abrams Road, Dallas, Texas, and more particularly described in the Lease (the “Building”). Unless otherwise defined herein, all capitalized and uncapitalized words and phrases will have the respective meanings assigned thereto in the Lease.

WHEREAS, Landlord has acquired the Building from Prior Landlord and succeeded to all interest as landlord under the Lease.

WHEREAS, Landlord and Tenant acknowledge that the current term of this Lease (“Current Term”) expires on October 31, 2011 (the "Current Expiration Date"), and both Landlord and Tenant desire to modify and extend said Current Term; and

WHEREAS, Landlord and Tenant desire to amend the Lease further by adding additional space to the Lease and in certain other respects under the terms and conditions set forth in this Third Amendment.

NOW THEREFORE, in consideration of the foregoing and the mutual benefit of the parties hereto, Landlord and Tenant hereby agree to amend the Lease as follows:

1.           Lease Term.  The term of the Lease is hereby extended (the “Extended Term”) for forty-eight (48) months beginning November 1, 2011 (“Extended Term Commencement Date”) and ending October 31, 2015 (the “Extended Term Expiration Date”).

2.           Expansion Premises.  As of the Extended Term Commencement Date, the amount of leased space covered by the Lease shall be expanded to include an additional 1,351 rentable square feet of space located in Suite 302 and as more specifically shown on Exhibit A (“Suite 302”) and an additional 1,324 rentable square feet of space located in Suite 304 (“Suite 304”) and as more specifically shown on Exhibit A (collectively Suite 302 and Suite 304 being the “Expansion Premises”).  As a result, the total leased space covered under the Lease will, as of the Extended Term Commencement Date, equal 6,458 rentable square feet (being 3,783 rentable square feet within the Original Premises, 1,351 rentable square feet in Suite 302, and 1,324 rentable square feet in Suite 304) and all such space shall be collectively known as the “Demised Premises” for all purposes under the Lease as of the Extended Term Commencement Date.

 

 

THIRD AMENDMENT – Page 1

	INITIALS
	
Landlord

	
Tenant

	
 

 

	 

  

  

  

3.           Fixed Basic Rent; Expense Stop.

a.           Fixed Basic Rental.  The Fixed Basic Rental due and payable by Tenant to Landlord during the Extended Term for the Demised Premises will, commencing as of the Extended Term Commencement Date, be the rate applicable for the periods set forth below, and go into effect as of the Expansion Premises Commencement Date and continue through and including the Extended Term Expiration Date on October 31, 2015:

	  	
Monthly Basic

	  
	
Months

	
Rental Rate/P.S.F.

	
Monthly Basic Rent

	  	  	  
	
Months 1-12*

	
$13.00

	
$6,996.17*

	
Months 13-24*

	
$14.00

	
$7,534.33*

	
Months 25-36

	
$14.00

	
$7,534.33

	
Months 37-48

	
$15.00

	
$8,072.50

*Notwithstanding any other term or provision herein to the contrary, provided an event of default by Tenant has not occurred hereunder, Landlord will abate the rent upon Suite 304(being  Monthly Basic Rental of $1,434.33 for Months 1-12, and $1,544.67 for Months 13-24), and Tenant’s prorata share of Operating Expenses for Suite 304 during the first twenty-four (24) months of the Extended Term, thereafter the full monthly Basic Rental and Operating Expenses will be due and owing.

In addition to the Fixed Basic Rent, as of the Extended Term Commencement Date and except as aforesaid, Tenant shall continue to pay its share of the Operating Expenses based on the Demised Premises containing 6,458 rsf, and all other charges as provided by the Lease.

 

 

b.           Expense Stop.                                As of the Extended Term Commencement Date, Tenant’s share of the Operating Expenses during the Extended Term will be computed using a 2012 calendar year expense stop.

4.           Leasehold Improvements.  Tenant accepts the Expansion Premises “AS-IS” and “WITH ALL FAULTS,” and Landlord has no obligation to make, or pay or reimburse Tenant for, any improvements, alterations or additions to the Original Premises or Expansion Premises, except as specifically provided in Exhibit B attached hereto.

5.           Exhibits.  Landlord and Tenant agree that the following exhibits have been attached hereto and will be deemed a part of this Third Amendment and the Lease for all purposes and will be in lieu of any similar rights or provisions currently set forth in the Lease:

Exhibit A – Description of Expansion Premises

Exhibit B – Leasehold Improvements

Exhibit B-1- Plans

6.           Commissions.  Landlord and Tenant acknowledge that no brokers have been involved in this Third Amendment other than Grubb & Ellis.  By separate agreement, Landlord will be solely responsible for the commissions, if any, owed such broker.  Landlord and Tenant hereby indemnify each other from the payment of any commissions owed to any other broker with respect to this Third Amendment resulting from the acts of such party, but not otherwise.

 

THIRD AMENDMENT – Page 2

	INITIALS
	
Landlord

	
Tenant

	
 

 

	 

  

  

  

 

7.           Further Amendments.  The Lease shall be and hereby is further amended wherever necessary, even though not specifically referred to herein, in order to give effect to the terms of this Third Amendment.

8.           Ratification.  The Lease, as amended hereby, is hereby ratified, confirmed and deemed in full force and effect in accordance with its terms.  Each party represents to the other that such party (a) is currently unaware of any default by the other party under the Lease; and (b) has full power and authority to execute and deliver this Third Amendment, and this Third Amendment represents a valid and binding obligation of such party enforceable in accordance with its terms.

9.           Options. Landlord and Tenant agree that any option(s) to terminate, extend, right of first refusal, or any other option to terminate, renew or expand the Lease that may have been provided to Tenant by the Lease (including but not limited to Exhibits “E” and “F” of the Lease), are hereby rescinded and terminated, and Tenant shall not have the options of termination, renewal, expansion, or first refusal for the Demised Premises or any part or all of any other space in the Building.

10.           Governing Law.  This Third Amendment shall be governed by and construed in accordance with the laws of the State of Texas.

11.           Counterparts.  This Third Amendment may be executed in multiple counterparts each of which is deemed an original but together constitute one and the same instrument.  This Third Amendment may be executed by facsimile and each party has the right to rely upon a facsimile counterpart of this Third Amendment signed by the other party to the same extent as if such party had received an original counterpart.

12.           Governing Document.  In the event the terms of the Lease conflict or are inconsistent with those of this Third Amendment, the terms of this Third Amendment shall govern.

IN WITNESS WHEREOF, this Third Amendment has been executed as of the date and year first above written.

 

	Dated:  October 11, 2011    	
LANDLORD:

	 
	 	 	 	 	 
	 	 	HERMOSA, LP	 
	 	 	 	 	 
	 	By:   	Hermosa Group, LLC, its general partner	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	
By: 

	      /s/ Spencer Beal	 
	 	 	 	
            Spencer Beal, Jr., Manager

	 
	 	 	 	 	 
	 Dated:  October 11, 2011	TENANT:	 
	 	 	 	 
	 	 	
ZION OIL & GAS, INC.

	 
	 	 	 	 	 
	 	 	By: 	    /s/ Richard Rinberg	 
	 	 	Its:  	   Executive Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

THIRD AMENDMENT – Page 3

	INITIALS
	
Landlord

	
Tenant

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