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Unassociated Document

    ASSIGNMENT
      OF OVERRIDING ROYALTY INTERESTS

     

    
      STATE OF
        TEXAS

    

    

      COUNTY OF
        EDWARDS

    

     

    Nathan
      Oil Partners LP
      is a
      Texas limited partnership authorized to do and doing business in the State
      of
      Texas with an address at 602 South Harbor Court, Granbury, Texas, 76048
      (“Assignor”). Assignor has oil, gas and mineral leases in Edwards County, Texas,
      described on the attached Exhibit A (the “Leases”). In consideration of one
      hundred dollars and other valuable consideration paid to Assignor by the
      Assignee named below, the receipt and sufficiency of which Assignor
      acknowledges, and subject to the following terms and conditions, Assignor hereby
      transfers,
      assigns and conveys
      to
      Assignee an overriding royalty interest equal to 2.000000%
      of all
      oil, gas and other minerals produced and saved for the benefit of Assignor
      pursuant to the Leases (the “Royalty”). Exhibit A is part of this assignment.

     

    Assignee:
      Florida
      Energy I, Inc.,
      101
      N.E. Jettie Terrace, Port St. Lucie, Florida 34983

     

    The
      Royalty is subject to the following provisions:

     

    
      	a)  	
              The
                Royalty is subject only to the deduction of the same expenses that
                can be
                deducted from royalty paid under the Leases and is subject to payment
                of
                the same expenses required to be paid by any person receiving payment
                of
                royalty under the terms of the
                Leases.

            

    

     

    
      	b)  	
              Assignee
                has no right to pool the Royalty. Assignor or its successor retains
                the
                right to pool the Royalty pursuant to the pooling authority granted
                to
                Assignor under the terms of the Leases.

            

    

     

    This
      assignment enures to the benefit of the Assignee and its assigns forever,
      subject to the foregoing terms and conditions and to the terms, covenants and
      provisions of the Leases.

     

    Assignor
      assigns the Royalty without any warranty of title, express or implied, but
      with
      full subrogation in all of Assignor’s rights and actions in
      warranty.

     

    This
      assignment was signed on October 4, 2002.

     

    
      	Witness:	 	Nathan Oil Partners
              LP
	/s/ Peter Forward	 	
               

              /s/ Jeffrey D. Paquin

            
	
              
                

              

              Peter Forward

            	 	
              
By:
              Jeffrey D. Paquin
              President
                of its General Partner, 

              Nathan
                Oil Operating Co. LLC

            

    

     

    
      Jeffrey
        D. Paquin, President of Nathan Oil Operating Co. LLC, is known to me to be
        the
        person who signed the foregoing assignment. He appeared before me today and
        acknowledged to me that he executed the assignment with the authority and
        approval of the limited partnership’s operating agreement for the purpose and
        consideration stated, and as the free act of the limited
        partnership.

       

      Given
        under my hand and seal on October 4, 2002. 

    

    
       

      
        	/s/ Rene Daignault	 	 
	
                

                Notary
                  Public

              	 	
              
	 	 	 

      

    

    [Seal]

    
      
        
        

      

      
        
        

        
          

        

      

       

    

    Exhibit
      A

    

    Leases
      subject to

    Assignment
      of Overriding Royalty Interests

    Dated
      September 16, 2002

    Edwards
      County, Texas

    

    
      	 	 	 	 	 	 	
              Recorded
                in the Official Public Records

              of
                Edwards County, Texas

            
	
              Date

            	 	
              Lessor

            	 	
              Lessee

            	 	
              File
                Number

            	 	
              Volume

            	 	
              Pages

            
	
              2/1/2002

            	 	
              The
                Allar Company et al

            	 	
              Nathan
                Oil Partners LP

            	 	
              020837

            	 	
              202

            	 	
              443-450

            
	
              2/1/2002

            	 	
              The
                Allar Company et al

            	 	
              Nathan
                Oil Partners LP

            	 	
              020838

            	 	
              202

            	 	
              452-459

            
	
              2/4/2002

            	 	
              Anita
                V. Driver

            	 	
              Nathan
                Oil Partners LP

            	 	
              020839

            	 	
              202

            	 	
              461-464

            
	
              2/8/2002

            	 	
              Pam
                Rhoades Davis

            	 	
              Nathan
                Oil Partners LP

            	 	
              020840

            	 	
              202

            	 	
              466-469

            
	
              2/8/2002

            	 	
              Richard
                Nichols

            	 	
              Nathan
                Oil Partners LP

            	 	
              020841

            	 	
              202

            	 	
              471-474

            
	
              2/8/2002

            	 	
              Eddie
                Thomas

            	 	
              Nathan
                Oil Partners LP

            	 	
              020842

            	 	
              202

            	 	
              476-479

            
	
              2/8/2002

            	 	
              Candice
                Baggett

            	 	
              Nathan
                Oil Partners LP

            	 	
              020843

            	 	
              202

            	 	
              481-484

            
	
              2/6/2002

            	 	
              Dale
                Robert Rhoades, Jr.

            	 	
              Nathan
                Oil Partners LP

            	 	
              020844

            	 	
              202

            	 	
              486-489

            
	
              2/6/2002

            	 	
              Margie
                L. Rhoades

            	 	
              Nathan
                Oil Partners LP

            	 	
              020845

            	 	
              202

            	 	
              491-494EXHIBIT 4.1

                                 DEMAND PROMISSORY NOTE

$5,000                                                      September 15, 2006

FOR VALUE RECEIVED, Digicorp, a corporation organized under the laws of Delaware
with an address at 4143 Glencoe Avenue, Marina Del Rey, CA 90292 (Fax No.: (310)
651-9629) (the "Maker"), hereby promises to pay to Jay Rifkin with an address at
1723 Cloverfield Blvd., Santa Monica, CA 90404, or assigns (the "Holder"), the
principal sum of Five Thousand Dollars ($5,000) in lawful money of the United
States, plus interest thereon at the rate set forth below, ON DEMAND.

1. Payments.

      Maker promises to pay interest on the principal amount of this Note
outstanding at a rate equal to the "prime rate" published in The Wall Street
Journal from time to time to the date of payment in full. Maker hereby agrees to
repay the principal amount of this Note, and the interest which shall accrue on
this Note, upon written demand therefor by the Holder. When any date on which
principal and interest are due and payable falls on a Saturday, Sunday or legal
holiday, then such payment shall be due and payable on the first business day
immediately following.

      Prepayment of all or any part of the principal due and owing on this Note
may be made on any date without any additional premium or penalty. All payments
made on this Note shall be applied first to amounts other than principal and
interest which may then be due hereunder, then to interest accrued to the date
of the payment and then to the outstanding principal amount of this Note.

      In the event any payment due hereunder is not made within five (5) days
after the due date, interest shall accrue on such unpaid amount at the rate of
fifteen percent (15%) per annum from the due date.

2. Waivers.

      No delay or failure on the part of the Holder in exercising any right,
privilege or option hereunder shall operate as a waiver thereof or of any event
of default, nor shall any single or partial exercise of any such right,
privilege or option preclude any further exercise thereof, or the exercise of
any other right, privilege or option.

      Makers waive demand, presentment for payment, notice of dishonor, protest
and notice of protest and any notice or demands of any kind are hereby expressly
waived.

3. Miscellaneous.

      (a) Makers shall be responsible for all costs and expenses, including
court costs and reasonable attorneys' fees incurred in connection with
collection of payments due under this Note.
<PAGE>

      (b) This Note shall be governed by and interpreted in accordance with the
laws of the State of California applicable to agreements made and to be
performed within such State. Makers (a) hereby irrevocably submit to the
jurisdiction of the state courts of the State of California and the jurisdiction
of the United States District Courts in the State of California for the purpose
of any suit, action or other proceeding arising out of or based upon this Note,
or the subject matter hereof brought by Holder and (b) hereby waive and agree
not to assert, by way of motion, as a defense, or otherwise, in any such suit,
action or proceeding, any claim that it is not subject personally to the
jurisdiction of the above-named courts, that its property is exempt or immune
from attachment or execution, that the suit, action or proceeding is brought in
an inconvenient forum, that the venue of the suit, action or proceeding is
improper or this Note or the subject matter hereof may not be enforced in or by
such court, and (c) hereby waive in any such action, suit, or proceeding any
offsets or counterclaims. Makers hereby consent to service of process by
certified mail at their address set forth herein and agree that this submission
to jurisdiction and this consent to service of process by mail is made for the
express benefit of Holder. Final judgment against Makers in any such action,
suit or proceeding shall be conclusive, and may be enforced in other
jurisdictions (i) by suit, action or proceeding on the conclusive evidence of
the fact and of the amount of any indebtedness or liability of Makers therein
described or (ii) in any other manner provided by or pursuant to the laws of
such other jurisdiction; provided, however, that Holder may at its option bring
suit, or institute other judicial proceedings, against Makers or any of their
assets in any state or Federal court of the United States or of any country or
place where Makers or their assets may be found.

      (c) MAKERS HEREBY WAIVE THEIR RIGHTS TO A JURY TRAIL OF ANY CLAIM OR CAUSE
OF ACTION BASED UPON OR ARISING OUT OF THIS NOTE. The scope of this waiver is
intended to be all-encompassing of any and all disputes that may be filed in any
court and that related to the subject matter of this Note, including without
limitation, contract claims, tort claims, breach of duty claims, and all other
common law and statutory claims. Makers hereby acknowledge that this waiver is a
material inducement to enter into a business relationship, that Holder has
already relied on the waiver in entering into this Note and that Holder will
continue to rely on the waiver in related future dealings. This waiver shall
apply to any subsequent amendments, renewals, supplements or modifications to
this Note.

      (d) All notices, consents and other communications provided for in this
Note or otherwise required by law shall be in writing and may be given to or
made upon the respective parties at the addresses specified in the first
paragraph of this Note.

            Notices shall be effective upon the date of receipt; provided,
however, that a notice sent by certified or registered U.S. mail, with postage
prepaid, shall be presumed received no later than three (3) business days
following the date of mailing. Notices may also be given by facsimile
transmission to the FAX number specified in the first paragraph of this Note and
shall be deemed received on the date transmitted.

      (e) Time is of the essence with respect to this Note.

                                       2
<PAGE>

      IN WITNESS WHEREOF, this Note has been executed and delivered by Maker on
the 15th day of September 2006.
                                          DIGICORP

                                          By /s/ William B. Horne
                                             ---------------------------------
                                          Name: William B. Horne
                                          Title: Chief Financial Officer

                                       3

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