Document:

Exhibit
10.1

     

    EMPLOYMENT
AGREEMENT

     

    This
Employment Agreement (this “Agreement”), is made and
entered into as of the 14th day of February, 2011 (the “Effective Date”), by and
between INTERLEUKIN GENETICS, INC., a Delaware corporation (“Employer”), and LEWIS H. BENDER, an
individual (“Employee”).

     

    RECITALS

     

    A.           Employer
desires to obtain the benefit of the services of Employee and Employee desires
to render such services to Employer.

     

    B.           The
Board of Directors of Employer (the “Board”) has determined that
it is in Employer’s best interest to employ Employee and to provide certain
benefits to Employee.

     

    C.           Employer
and Employee desire to set forth the terms and conditions of Employee’s
employment with Employer on the terms and subject to the conditions of this
Agreement.

     

    AGREEMENT

     

    In
consideration of the foregoing recitals and of the mutual covenants and
conditions contained herein, the parties, intending to be legally bound, agree
as follows:

     

    1.           Term and
Renewal.  Subject to the terms hereof, Employee’s employment
hereunder will commence on the Effective Date and continue until the first
(1st) anniversary
thereof (the “Initial Term”),
unless earlier terminated in accordance with the provisions of this
Agreement.  On each anniversary of the Effective Date, the term of
Employee’s employment hereunder will be automatically extended for an additional
period of one (1) year (each a “Subsequent Term”) unless either Employee
or Employer provides written notice to the other that such automatic extension
will not occur (a “Non-Renewal
Notice”), which notice is given not less than ninety (90) days prior to
the relevant anniversary of the Effective Date, and unless Employee’s employment
is not otherwise earlier terminated in accordance with the provisions of this
Agreement.  The Initial Term and any Subsequent Term are referred to
herein collectively as the “Term.”

     

    2.           Employment of
Employee.

     

    (a)         Specific
Position.  Employer and Employee hereby agree that, subject to
the provisions of this Agreement, Employer will employ Employee and Employee
will serve as an employee of Employer.  Employee will report directly
to the Board, and Employee shall have the title and perform the duties of Chief
Executive Officer of Employer, and such other reasonable, usual and customary
duties of such office as may be delegated to Employee from time to time by the
Board, subject always to the policies as reasonably determined from time to time
by the Board.  Employee will work from Employer’s Waltham, MA
office.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    (b)         Board
Membership.  During the Term, Employee will serve as a member
of the Board, subject to any required approval of Employer’s
stockholders.  Employee shall resign from the Board effective upon the
termination of Employee’s employment with Employer for any reason.

     

    (c)         Promotion of Employer’s
Business.  During the Term, Employee shall not engage in any
business competitive with Employer.  Employee agrees to devote his
full business time, attention, knowledge, skill and energy to the business,
affairs and interests of Employer and matters related thereto, and shall use his
best efforts and abilities to promote Employer’s interests; provided, however,
that Employee is not precluded from devoting reasonable periods to time
required: (i) for serving as a director, committee member or scientific editor
of any organization that does not compete with Employer or that does not involve
a conflict of interest with Employer; or (ii) for managing his personal
investments; so long as in either case, such activities do not interfere with
the regular performance of his duties under this Agreement.

     

    3.           Salary.  Employer
shall pay to Employee during the Term of this Agreement a base salary (“Base Salary”) in the gross
amount of $340,000 per year, payable in equal monthly installments in accordance
with Employer’s usual payroll practices.  The Base Salary may be
increased (but not decreased) annually at end of each calendar year at the
discretion of the Compensation Committee of the Board (the “Compensation Committee”) throughout the
Term.

     

    4.           Bonus/Stock
Options.

     

    (a)       Annual Bonus.  In
addition to the Base Salary, Employee shall be eligible to receive a
discretionary annual performance bonus (the “Annual Bonus”) based on
Employer’s financial performance between January 1st and
December 31st of each
year (the “Bonus
Year”), under the following
terms and conditions:

     

    (i)           If
the Compensation Committee determines that Employer’s performance met the
threshold of the standards and measures (the “Threshhold Measures”) approved by
the Compensation Committee for the Bonus Year, Employee will be entitled to an
Annual Bonus in an amount equal to ten percent (10%) of the Base
Salary;

     

    (ii)           If
the Compensation Committee determines that Employer’s performance met the target
of the standards and measures (the “Target Measures”) approved by the
Compensation Committee for the Bonus Year, Employee will be entitled to an
Annual Bonus in an amount equal to twenty percent (20%) of the Base Salary;
and

     

    (iii)           If
the Compensation Committee determines that Employer’s performance was
exceptional as compared to the standards and measures (the “Exceptional
Measures”) approved by the Compensation Committee for the Bonus Year, Employee
will be entitled to an Annual Bonus in an amount equal to fifty percent (50%) of
the Base Salary.

     

    
      
         

      

      
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    The Threshold Measures, Target Measures
& Exceptional Measures shall be determined and agreed upon by the parties
within thirty (30) days from the Effective Date.  The Annual Bonus
shall be paid to Employee within thirty (30) days following the close of the
Bonus Year, in accordance with Employer’s usual payroll
practices.  The Annual Bonus for the first Bonus Year, if any, will be
paid on a pro-rata basis according to the start date of Employee.  The
Compensation Committee may, in its sole discretion, award an Annual Bonus that
exceeds the amounts listed in subsections (i) - (iii) above.  Employee
must be employed by Employer at the time that the Annual Bonus is paid in order
to be eligible for, and to be deemed as having earned, such Annual
Bonus.

     

    (b)       Stock Options.

     

    (i)           Employer
and Employee acknowledge that Employee has been granted options to purchase
500,000 shares of common stock in Employer (the “Options”) at an exercise price
equal to $1.06 per share (the fair market value of such stock on the date of
grant (the “Grant
Date”)), pursuant
to an Incentive Stock Option Agreement dated January 22, 2008 (the “Incentive Stock Option
Agreement”) and a Non-Qualified Stock Option Agreement dated January 22,
2008 (the “Non-Qualified Stock
Option Agreement”). Employer and Employee acknowledge that Employee
already has vested in 300,000 shares subject to the Options, which remain
subject to the terms and conditions of the Incentive Stock Option Agreement and
Non-Qualified Stock Option Agreement. Employer and Employee further acknowledge
that Employee is scheduled to vest in 94,339 shares of Employer’s common stock
($.001 par value per share) on each of February 1, 2012, and February 1, 2013
pursuant to the Incentive Stock Option Agreement, and that Employee is scheduled
to vest in 5,661 shares of Employer’s common stock ($.001 par value per share)
on each of February 1, 2012, and February 1, 2013 pursuant to the Non-Qualified
Stock Option Agreement.  Both the Incentive Stock Option Agreement and
the Non-Qualified Stock Option Agreement are expressly incorporated herein and
shall survive the execution of this Agreement.  Employee must be
employed by Employer on the date of vesting in order to be eligible for and be
entitled to the vesting of options under the Incentive Stock Option Agreement
and the Non-Qualified Stock Option Agreement.

     

    (ii)           Employer
and Employee acknowledge that Employee has been granted options to purchase
100,000 shares of common stock in Employer (the “First Supplemental
Option”) at
an exercise price equal to $0.89 per share (the fair market value of such stock
on the date of grant),
pursuant to an Incentive Stock Option Agreement dated January 21, 2010. One
hundred percent (100%) of the First Supplemental Option vested as of the date of
grant.

     

    (iii)           Subject
to approval of the Board or an appropriate committee thereof, Employee will be
granted a stock option to purchase 500,000 shares of common stock in Employer at
the fair market value of the common stock on the date of grant (the “Second Supplemental Option”),
pursuant to the terms of Employer’s 2004 Employee, Director and Consultant Stock
Plan and a standard form of stock option agreement to be executed by Employee
pursuant thereto.  To the maximum extent permissible, the Second
Supplemental Option shall be treated as an “incentive stock option” within the
meaning of Section 422 of the Internal Revenue Code of 1986, as
amended.  The Second Supplemental Option shall vest as to twenty-five
percent (25%) as of the date of grant and an additional twenty-five percent
(25%) on each of the first (1st),
second (2nd), and
third (3rd)
anniversaries of the date of grant.

    
      
         

      

      
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    (c)         Accelerated Vesting Of Stock
Options.  Subject to approval by the Board or an appropriate
committee thereof, the vesting of the Options described in Section 4(b)(i) and
the Second Supplemental Option described in Section 4(b)(iii) may be accelerated
upon Employer’s attainment of certain milestones (e.g., earnings, products to
market, execution of strategic agreements, etc.), with any such milestones and
the terms and conditions of any such acceleration to be agreed upon in writing,
in advance, by Employee and Employer. In addition, in the event of Employee’s
death or in the event that Employer undergoes a Change of Control and Employee’s
employment hereunder is terminated by Employer without Cause or by Employee for
Good Reason (as these terms are defined in Section 6(c) below) within six (6)
months following the consummation of such Change of Control, then Employer will
accelerate the vesting of all remaining unvested Options granted to Employee
pursuant to the Incentive Stock Option Agreement and Non-Qualified Stock Option
Agreement and all remaining unvested options pursuant to the Second Supplemental
Option granted to Employee pursuant to this Agreement that are outstanding as of
the date of termination of employment, with such vesting occurring immediately
prior to the Change of Control or on the date of Employee’s death or
termination, as applicable.

     

    (d)         Additional Option
Grants.  Subject to approval by the Board or an appropriate
committee thereof, Employee may be granted additional stock options during the
course of his employment with Employer, with the terms of the award and amount
of any such grant to be determined by Employer in its sole discretion, and with
such grant (if made) to be made pursuant to the terms of a formal stock option
agreement and stock plan.

     

    5.           Benefits.

     

    (a)         Fringe
Benefits.  During Employee’s employment by Employer under this
Agreement, Employee shall be eligible for participation in and shall be covered
by any and all such medical, disability, life and other insurance plans and such
other similar benefits available to other executive employees.

     

    (b)         Reimbursements.  During
Employee’s employment with Employer under this Agreement, Employee shall be
entitled to receive prompt reimbursement of all reasonable expenses incurred by
Employee in performing services hereunder, including all expenses of travel at
the request of or in the service of Employer, provided that such expenses are
incurred and accounted for in accordance with the policies and procedures
established by Employer.  Employee must
submit any request for reimbursement no later than ninety (90) days following
the date that such business expense is incurred.  Any reimbursement in
one calendar year shall not affect the amount that may be reimbursed in any
other calendar year and a reimbursement (or right thereto) may not be exchanged
or liquidated for another benefit or payment.  Any business expense
reimbursements subject to Section 409A (“Code Section 409A”) of the
Internal Revenue Code of 1986 (the “Code”) and any successor
statute, regulation and guidance thereto shall be
made no later than the end of the calendar year following the calendar year in
which such business expense is incurred by Employee.

     

    
      
         

      

      
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    (c)         Vacation.  During
Employee’s employment with Employer hereunder, Employee shall be entitled to an
annual vacation leave of four (4) weeks at full pay.

     

    6.           Termination And Termination
Payment.

     

    (a)       Termination. Notwithstanding
anything else contained in this Agreement, Employee’s employment hereunder will
terminate upon the earliest to occur of the following:

     

    (i)          Expiration of the
Term.  If a Non-Renewal Notice has been given pursuant to
Section 1, immediately upon expiration of the Term.

     

    (ii)         Death or Disability. Immediately
upon Employee’s death or Disability (as defined below).

     

    (iii)        Termination by
Employer.

     

    (A)           If
by Employer for Cause (as defined below), written notice by Employer to Employee
that Employee’s employment is being terminated for Cause and that sets forth the
factual basis supporting the alleged Cause, which termination shall be effective
on the date of such notice or such later date as specified in writing by
Employer; or

     

    (B)           If
by Employer for reasons other than under Sections 6(a)(i), or 6(a)(iii)(A),
written notice by Employer to Employee that Employee’s employment is being
terminated, which termination shall be effective thirty (30) days after the date
of such notice, provided
that Employer, at its exclusive option, may elect to provide Employee
with pay in lieu of any or all of the aforementioned notice period.

     

    (iv)        Termination by
Employee.

     

    (A)           If
by Employee for Good Reason (as defined below), written notice by Employee to
Employer that Employee is terminating Employee’s employment for Good Reason and
that sets forth the factual basis supporting the alleged Good Reason, which
termination shall be effective thirty (30) days after Employer’s receipt of such
notice, provided that
Employer, at its exclusive option, may elect to provide Employee with pay in
lieu of any or all of the aforementioned notice period, and further provided that if
Employer has cured the circumstances giving rise to the Good Reason within
thirty (30) days after Employer’s receipt of such notice, then such termination
shall not be effective; or

     

    (B)           If
by Employee without Good Reason, written notice by Employee to Employer that
Employee is terminating Employee’s employment, which termination shall be
effective ninety (90) days after the date of such notice.

    
      
         

      

      
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    Notwithstanding
anything in this Section 6(a), Employer may at any point terminate Employee’s
employment for Cause prior to the effective date of any other termination
contemplated hereunder.

     

    (b)      Termination
Payments.

     

    (i)           Termination for Cause by Employer, by
Employee Without Good Reason, as Result of Employee’s Disability or Death, or as
Result of Expiration of Term.  If Employee’s employment
hereunder is terminated by Employer for Cause, by Employee without Good Reason,
as a result of Employee’s Disability or death, or as a result of the expiration
of the Term, Employer will pay the Accrued Obligations (as defined below) to
Employee (or Employee’s estate, as the case may be) promptly (within fifteen
(15) days) following the effective date of such termination, and Employee (or
Employee’s estate, as the case may be) shall be entitled to no further
compensation hereunder.

     

    (ii)          Termination Without Cause or for Good
Reason. If Employee’s employment hereunder is terminated by Employer
without Cause or by Employee for Good Reason, then:

     

    (A)           Employer
will pay the Accrued Obligations to Employee promptly (within fifteen (15) days)
following the effective date of such termination.

     

    (B)           Employer
will provide Employee with additional separation pay in an amount equal to six
(6) months of the Base Salary, paid in equal monthly installments in accordance
with Employer’s usual payroll practices, or in a single lump sum payment in
Employer’s sole discretion.

     

    (C)           Should
Employee continue his medical and dental insurance pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA), Employer will reimburse to
Employee the cost of the COBRA payments made by Employee to continue his
participation in Employer’s medical and dental insurance plans, less Employee’s
co-pay if any (which shall be deducted from any payments made to Employee under
this subsection), through the applicable six (6) month period described in
subsection (ii)(B), to the extent permissible under COBRA, and to the same
extent that such insurance is provided to persons employed by
Employer.

     

    (D)           The
payments and benefits described in this subsection (ii) will begin on the first
regular pay date following the effective date of the separation agreement set
forth in subsection (iv) below.

     

    (E)           In
the event that Employee is eligible for payments and benefits under subsection
(iii) below, Employee shall not be eligible for and shall not receive any
payments and benefits described in this subsection (ii).

    
      
         

      

      
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    (iii)        Termination Without Cause or for Good
Reason After Change Of Control.  If Employer undergoes a Change
of Control (as defined below) and Employee’s employment hereunder is terminated
by Employer without Cause  or by Employee for Good Reason within six
(6) months following the consummation of such Change of Control,
then:

     

    (A)           Employer
will pay the Accrued Obligations to Employee promptly (within fifteen (15) days)
following the effective date of such termination.

     

    (B)           Employer
will provide Employee with additional separation pay in an amount equal to
twelve (12) months of the Base Salary, paid in equal monthly installments in
accordance with Employer’s usual payroll practices, or in a single lump sum
payment in Employer’s sole discretion.

     

    (C)           Should
Employee continue his medical and dental insurance pursuant to the Consolidated
Omnibus Budget Reconciliation Act of 1985 (COBRA), Employer will reimburse to
Employee the cost of the COBRA payments made by Employee to continue his
participation in Employer’s medical and dental insurance plans, less Employee’s
co-pay if any (which shall be deducted from any payments made to Employee under
this subsection), through the applicable twelve (12) month period described in
subsection (iii)(B), to the extent permissible under COBRA, and to the same
extent that such insurance is provided to persons employed by
Employer.

     

    (D)           The
payments and benefits described in this subsection (iii) will begin on the first
regular pay date following the effective date of the separation agreement set
forth in subsection (iv) below.

     

    (E)           In
the event that Employee is eligible for payments and benefits under subsection
(ii) above, Employee shall not be eligible for and shall not receive any
payments and benefits described in this subsection (iii).

     

    (iv)         Separation Agreement; Release of
Claims; Timing of Payment and Benefits.  Employer shall not be
obligated to pay Employee any of the payments or benefits set forth in Sections
6(b)(ii) or 6(b)(iii) (other than the Accrued Obligations) unless and until
Employee has executed (without revocation) a timely separation agreement in a
form that is acceptable to Employer and Employee, which will include, at a
minimum, a complete release of claims against Employer and its affiliated
entities. Provided that Employee executes (without revocation) such separation
agreement, Employer will pay the payments or benefits set forth in Sections
6(b)(ii) or 6(b)(iii), as applicable, no later than sixty (60) days following
the termination of employment, or earlier pursuant to applicable law and the
parties’ written agreement

    
      
         

      

      
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    (c)       Definitions.

     

    (i)           Cause.  As used
herein, “Cause” means
any of the following: (A) the continued failure or refusal by Employee to
substantially perform his duties hereunder (other than any such failure
resulting from his incapacity due to physical or mental illness); (B) the
engaging by Employee in misconduct which is injurious to Employer’s business or
reputation, monetarily or otherwise; (C) the disloyalty, deliberate dishonesty,
breach of fiduciary duty or violation by Employee of any provision of this
Agreement or any other Agreement he has with Employer; (D) Employee’s commission
of an act of fraud or embezzlement against Employer; (E) Employee is convicted
by a court of competent jurisdiction, or pleads “no contest” to, a felony (other
than minor traffic violations) by Employee; (F) the use by Employee of so-called
“street” or illicit drugs, whether or not during business hours, regardless of
whether such use results in arrest or conviction, or the abuse of any drug or
medication so as to materially and adversely affect Employee’s
performance.

     

    (ii)           Good Reason.  As used
herein, “Good Reason”
means any of the following: (A) a change in the principal location at
which Employee provides services to Employer to over fifty (50) miles away from
Waltham, Massachusetts, without Employee’s prior written consent; (B) a change
in the lines of reporting such that Employee no longer reports to the Board; or
(C) a material breach of this Agreement by Employer, provided that “Good Reason”
shall not be deemed to have occurred unless: (1) Employee provides Employer with
written notice that he intends to terminate his employment hereunder for one of
the grounds set forth in Section 6(c)(ii) within sixty (60) days of such
reason(s) occurring, (2) if such ground is capable of being cured, Employer has
failed to cure such ground within a period of thirty (30) days from the date of
such written notice, and (3) Employee terminates his employment within one (1)
year from the date that Good Reason first occurs. For purposes of clarification,
the above-listed conditions shall apply separately to each occurrence of Good
Reason and failure to adhere to such conditions in the event of Good Reason
shall not disqualify Employee from asserting Good Reason for any subsequent
occurrence of Good Reason.

     

    (iii)          Disability. As used herein,
“Disability” means
Employee is unable to perform the essential functions of his job with or without
a reasonable accommodation because of a physical or mental impairment for a
period of at least three (3) months.

     

    (iv)         Accrued
Obligations.  As used herein, “Accrued Obligations” means:
(A) the portion of Employee’s Base Salary that has accrued prior to any
termination of Employee’s employment with Employer and has not yet been paid;
and (B) the amount of any expenses properly incurred by Employee on behalf of
Employer prior to any such termination and not yet
reimbursed.  Employee’s entitlement to any other compensation or
benefit under any plan of Employer shall be governed by and determined in
accordance with the terms of such plans, except as otherwise specified in this
Agreement.

    
      
         

      

      
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    (v)           Change of
Control.  As used herein, “Change of Control” means: any
person, entity or group (within the meaning of Sections 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”)) (other than
Alticor Inc. and its affiliates), becomes the “beneficial owner” (as such term
is defined in Rule 13(d) under the Exchange Act), directly or indirectly, of
outstanding securities of Employer representing more than 50% of the total
voting power represented by all voting securities of Employer entitled to vote
generally in the election of directors.

     

    (d)       No Other Payments or Benefits
Owing.  The payments and benefits set forth in Section 6(b)
shall be the sole amounts owing to Employee upon termination of Employee’s
employment for any reason.  Employee shall not be eligible for any
other payments or other forms of compensation or benefits.  The
payments and benefits set forth in Section 6(b) shall be the sole remedy, if
any, available to Employee in the event that he brings any claim against
Employer relating to the termination of his employment under this
Agreement.

     

    (e)       409A
Limitation.  Notwithstanding any other provision with respect
to the timing of payments under Section 6, if, at the time of Employee’s
termination, Employee is deemed to be a “Specified Employee” of Employer within
the meaning of Code Section 409A and if any amount to be paid to Employee
pursuant to this Agreement as a result of Employee’s termination of employment
is “deferred compensation” within the meaning of Code Section 409A, then limited
only to the extent necessary to comply with the requirements of Code Section
409A, any payments to which Employee may become entitled under Section 6 which
are subject to Code Section 409A (and not otherwise exempt from its application)
will be withheld until the first (1st)
business day of the seventh (7th) month
following the termination of Employee’s employment, at which time Employee shall
be paid an aggregate amount equal to the accumulated, but unpaid, payments
otherwise due to Employee under the terms of Section 6.

     

    7.           Publicity.  During
the Term and for a period of one (1) year thereafter, Employee shall not,
directly or indirectly, originate or participate in the origination of any
publicity, news release or other public announcements, written or oral, whether
to the public press or otherwise, relating to this Agreement, to any amendment
hereto, to Employee’s employment hereunder or to Employer, without the prior
written approval of Employer.  No officer or director of Employer
shall make disparaging remarks regarding Employee during the Term or one (1)
year thereafter.

     

    8.           Restrictive
Covenants.

     

    (a)       Non-Competition; Customer Lists;
Non-Solicitation.  In consideration of the benefits of this
Agreement, including Employee’s access to and limited use of proprietary and
confidential information of Employer, as well as training, education and
experience provided to Employee by Employer directly and/or as a result of work
projects assigned by Employer with respect thereto, Employee hereby covenants
and agrees that during the Term and for a period of six (6) months following
termination of Employee’s employment, regardless of how such termination may be
brought about, Employee shall not, directly or indirectly:

    
      
         

      

      
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    (i)           as
proprietor, partner, stockholder, director, officer, employee, consultant, joint
venturer, investor or in any other capacity, engage in, or own, manage, operate
or control, or participate in the ownership, management, operation or control,
of any entity which engages anywhere in the world in any business activity which
is competitive to current business activities in which Employer participates
during Employee’s employment with Employer, or take any action in preparation to
do any of the foregoing; provided, however, the
foregoing shall not, in any event, prohibit Employee from purchasing and holding
as an investment not more than 1% of any class of publicly traded securities of
any entity which conducts a business in competition with the business of
Employer, so long as Employee does not participate in any way in the management,
operation or control of such entity.  It is further recognized and
agreed that, even though an activity may not be restricted under the foregoing
provision, Employee shall not during the Term and for a period of six (6) months
following termination of his employment, regardless of how such termination may
be brought about, provide services to any person or entity which may be used
against, or is or may be in conflict with the interests of, Employer or its
customers or clients;

     

    (ii)           use
or make known to any person or entity the names or addresses of any clients or
customers of Employer or any other information pertaining to them;

     

    (iii)           call
on for the purpose of competing, solicit, take away or attempt to call on,
solicit or take away any clients or customers of Employer on whom Employee
called or with whom he became acquainted during his employment with Employer;
or

     

    (iv)           recruit
or attempt to recruit or hire or attempt to hire any employees of
Employer.

     

    (b)      Confidentiality.  Employee
agrees to execute the Confidentiality and Intellectual Property Agreement
attached hereto as Exhibit A and agrees
to fulfill his obligations thereunder.

     

    (c)      Judicial
Reformation.  Employee acknowledges that, given the nature of
Employer’s business, the covenants contained in Section 8 establish reasonable
limitations as to time, geographic area and scope of activity to be restrained
and do not impose a greater restraint than is reasonably necessary to protect
and preserve the goodwill of Employer’s business and to protect its legitimate
business interests.  If, however, Section 8 is determined by any court
of competent jurisdiction to be unenforceable by reason of its extending for too
long a period of time or over too large a geographic area or by reason of it
being too extensive in any other respect or for any other reason, it will be
interpreted to extend only over the longest period of time for which it may be
enforceable and/or over the largest geographic area as to which it may be
enforceable and/or to the maximum extent in all other aspects as to which it may
be enforceable, all as determined by such court.

    
      
         

      

      
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    (d)       Affiliates.  When
used in this Section 8, the term “Employer” includes
Interleukin Genetics, Inc. and all affiliates, parents, and subsidiaries of
Interleukin Genetics, Inc.

     

    9.           Miscellaneous.

     

    (a)       Withholdings.  All
payments to Employee hereunder shall be made after reduction for all federal,
state and local withholding and payroll taxes, all as determined under
applicable law and regulations, and Employer shall make all reports and similar
filings required by such law and regulations with respect to such payments,
withholdings and taxes.

     

    (b)       Taxation.  Employee
acknowledges and agrees that Employer does not guarantee the tax treatment or
tax consequences associated with any payment or benefit arising under this
Agreement, including but not limited to consequences related to Code Section
409A.  Employer and Employee agree that, in addition to abiding by
Section 6(e) if applicable, both will negotiate in good faith and jointly
execute an amendment to modify this Agreement to the extent necessary to comply
with the requirements of Code Section 409A, or any successor statute, regulation
and guidance thereto; provided, that no such amendment shall increase the total
financial obligation of Employer under this Agreement.

     

    (c)       Succession.  This
Agreement shall inure to the benefit of and shall be binding upon Employer, its
successors and assigns.  The obligations and duties of Employee
hereunder shall be personal and not assignable.

     

    (d)       Notices.  Any and
all notices, demands, requests or other communications hereunder shall be in
writing and shall be deemed duly given when personally delivered to or
transmitted overnight express delivery or by facsimile to and received by the
party to whom such notice is intended (provided the original thereof is sent by
mail, in the manner set forth below, on the next business day after the
facsimile transmission is sent), or in lieu of such personal delivery or
overnight express delivery or facsimile transmission, on receipt when deposited
in the United States mail, first-class, certified or registered, postage
prepaid, return receipt requested, addressed to the applicable party at the
address set forth below such party's signature to this Agreement.  The
parties may change their respective addresses for the purpose of this Section
9(d) by giving notice of such change to the other parties in the manner which is
provided in this Section 9(d).

     

    (e)       Entire
Agreement.  This Agreement contains the entire agreement of the
parties relating to the subject matter hereof, and it replaces and supersedes
any prior agreements between the parties relating to said subject
matter.

     

    (f)       Headings.  The
headings of Sections herein are used for convenience only and shall not affect
the meaning of contents hereof.

     

    (g)       Waiver;
Amendment.  No provision hereof may be waived except by a
written agreement signed by the waiving party.  The waiver of any term
or of any condition of this Agreement shall not be deemed to constitute the
waiver of any other term or condition.  This Agreement may be amended
only by a written agreement signed by the parties hereto.

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    (h)       Severability.  If
any of the provisions of this Agreement shall be held unenforceable by the final
determination of a court of competent jurisdiction and all appeals therefrom
shall have failed or the time for such appeals shall have expired, such
provision or provisions shall be deemed eliminated from this Agreement but the
remaining provisions shall nevertheless be given full effect.  In the
event this Agreement or any portion hereof is more restrictive than permitted by
the law of the jurisdiction in which enforcement is sought, this Agreement or
such portion shall be limited in that jurisdiction only to the extent required
by the law of that jurisdiction.

     

    (i)       Governing Law.  This
Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Massachusetts.

     

    (j)       Arbitration.  Except
for the provisions of Sections 7 and 8, and Exhibit
A  hereto, with regard to which Employer expressly reserves the
right to petition a court directly for injunctive or other relief, any dispute
arising out of or relating to this Agreement, or the breach, termination or the
validity hereof, shall be settled by arbitration in Massachusetts, in accordance
with the Commercial Arbitration Rules of the American Arbitration
Association.  Judgment upon the award rendered by the arbitrator or
arbitrators may be entered in any court having jurisdiction
thereof.  THE ARBITRATOR OR ARBITRATORS ARE NOT EMPOWERED TO AWARD
DAMAGES IN EXCESS OF COMPENSATORY DAMAGES (INCLUDING REASONABLE ATTORNEYS FEES
AND EXPERT WITNESS FEES) AND EACH PARTY HEREBY IRREVOCABLY WAIVES ANY RIGHT TO
RECOVER SUCH DAMAGES (INCLUDING, WITHOUT LIMITATION, PUNITIVE DAMAGES) IN ANY
FORUM.  The arbitrator or arbitrators may award equitable relief in
those circumstances where monetary damages would be inadequate.  The
arbitrator or arbitrators shall be required to follow the applicable law as set
forth in the governing law section of this Agreement.  The arbitrator
or arbitrators shall award reasonable attorneys fees and costs of arbitration to
the prevailing party in such arbitration.

     

    (k)       Equitable
Relief.  In the event of a breach or a threatened breach by
Employee of any of the provisions contained in Sections 7 or 8 of this Agreement
or Exhibit A
hereto, Employee acknowledges that Employer will suffer irreparable injury not
fully compensable by money damages and, therefore, will not have an adequate
remedy available at law.  Accordingly, Employer shall be entitled to
obtain such injunctive relief or other equitable remedy from any court of
competent jurisdiction as may be necessary or appropriate to prevent or curtail
any such breach, threatened or actual, without having to post
bond.  The foregoing shall be in addition to and without prejudice to
any other rights that Employer may have under this Agreement, at law or in
equity, including, without limitation, the right to sue for
damages.

     

    (l)       Counterparts.  This
Agreement may be executed in two or more counterparts, and by different parties
hereto on separate counterparts, each of which will be deemed an original, but
all of which together will constitute one and the same
instrument.

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    [REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

    IN
WITNESS WHEREOF, the parties have executed this Employment Agreement as of the
date first set forth above.

     

    
      
        
          
            
              
                
                  
                    	
                            LEWIS
      H. BENDER

                          	 
      	
                            INTERLEUKIN
      GENETICS, INC.

                          
	 
      	 
      	 
      	 
      	 
      
	
                            By:

                          	
                            /s/
      Lewis H. Bender

                          	 
      	
                            By:

                          	
                            /s/
      James Weaver

                          
	  	  	 
      	 
      	

                            James
      Weaver

                          
	 
      	 
      	 
      	 
      	 
      
	Address:	 
      	Address:
	43
      Ledgewood Road	 
      	135
      Beaver Street
	Redding,
      CT 06896	 
      	Waltham,
      MA
02452

                  

                

              

            

          

        

      

    

     

    
      
         

      

      
        14AGREEMENT
FOR THE PURCHASE OF PARTIAL LEASEHOLDS

      

      This
Agreement for the Purchase of Partial Leaseholds ("Agreement") executed this
February 10, 2011 with an effective date of February 1, 2011, by and between
Geronimo Holding Corporation ("Seller") and American Standard Energy, Corp.
("Buyer").

      

      Seller
desires to sell to Buyer, and Buyer desires to purchase from Seller, certain
mineral rights leaseholds held on properties located on approximately 1,600
acres within multiple counties within Texas and Oklahoma as described in EXHIBIT A: Summarized as
below;

      

      
        	
                ·     
      Cornett

              	 
      	
                ·     
      Capps Farms No. 1

              
	
                ·     
      J.F. Lane “A” A/C
      #1

              	 
      	
                ·     
      State WE L

              
	
                ·     
      Seabean***

              	 
      	
                ·     
      Davies Estate #2

              
	
                ·     
      Matula

              	 
      	 
      

      

      

      ***Seabean
acquisition is evidenced by separate Purchase Agreement dated February 1, 2011
but is included in the Group1 Property as evidenced by this
Agreement.

      

      Collectively
referred to as the “Group 1 Property”, from Geronimo Holding
Corporation.

      

      In
addition, to the above Group 1 properties the Seller desires to sell to Buyer,
and Buyer desires to purchase from Seller, certain mineral rights leaseholds
held on additional properties located on approximately 2,500 acres located
within multiple counties within Texas, Oklahoma and Arkansas collectively
referred to as the “Group 2 Property”, from Geronimo Holding Corporation as
described in Exhibit A: Summarized as below;

      

      
        	
                ·     
      Reveley Gas
      Unit

              	 
      	
                ·     
      Granger

              
	
                ·     
      Federal
      1x-5t

              	 
      	
                ·     
      Jordan B

              
	
                ·     
      TCG #1

              	 
      	
                ·     
      McGinty

              
	
                ·     
      Bell C Glo.

              	 
      	
                ·     
      JF Lane “A” A/C #2

              
	
                ·     
      John Lane Nos. 1 & 2

              	 
      	
                ·     
      King Ranch oil and lignite

              
	
                ·     
      Badger State #1

              	 
      	
                ·     
      JH Shirk Est.

              
	
                ·     
      University Y

              	 
      	
                ·     
      Jerry B Clayton

              
	
                ·     
      University Z

              	 
      	
                ·     
      Booger Bear

              
	
                ·     
      Luther Gray Unit #1

              	 
      	 
      

      

      

      NOW,
THEREFORE, in consideration of the mutual promises herein contained, the parties
hereto agree as follows:

       

      1. Sale.

      Seller
agrees to sell, transfer and convey to Buyer, and Buyer agrees to purchase the
aforementioned partial leaseholds/Wells (the "Group 1 Property" and the “Group 2
Property”):  See EXHIBIT A.

      

      2.  Price.

      Buyer
shall pay Seller for both Group 1 Property and Group 2 Property (the “Property”)
the sum of SEVEN MILLION DOLLARS ($7,000,000) cash payable at
Close.

      

      3.  Transfer of
Title.

      Title to
and ownership of all rights to the Property shall pass from Seller to Buyer upon
close of escrow with an effective date of February 10, 2011.  Prior to
Close of Escrow Seller shall deliver to Buyer the following items as well as
such other information and documents as Buyer may reasonably request during the
Due Diligence Period:

      
        	
                 
      

              	
                ·

              	
                Copies
      of Original Leases

              

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                 
      

              	
                ·

              	
                Copies
      of any subsequent Leases

              

      

      
        	
                 
      

              	
                ·

              	
                Any
      Assignments made on the Property

              

      

      
        	
                 
      

              	
                ·

              	
                Title
      reports of the Property

              

      

      
        	
                 
      

              	
                ·

              	
                Division
      Orders (if available)

              

      

      
        	
                 
      

              	
                ·

              	
                Engineering
      Reports of the Property

              

      

      
        	
                 
      

              	
                ·

              	
                Full
      Legal Description of the Property

              

      

      
        	
                 
      

              	
                ·

              	
                Completion
      of the 2009 Financial Audit of Seller or carve out for specific
      properties

              

      

      
        	
                 
      

              	
                ·

              	
                Completion
      of the 2010 Engineering Report of
Seller

              

      

      
        	
                 
      

              	
                ·

              	
                Joint
      Interest Billings

              

      

      
        	
                 
      

              	
                ·

              	
                API
      Number

              

      

      
        	
                 
      

              	
                ·

              	
                Well
      ID Number (if any)

              

      

      
        	
                 
      

              	
                ·

              	
                Production
      Report (if applicable)

              

      

      

      4.  Representations and
Warranties of Seller.

      

      (a)           Seller
warrants that the title to the Property shall be of marketable title free of
undisclosed liens, mortgages, leases, or other rights in the
Property.

      

      (b)           Authority; Capacity to
Sell.  The Seller has all requisite power and authority to
execute and deliver this Agreement and to consummate the transactions
contemplated hereby.  The execution, delivery and performance of this
Agreement has been duly authorized by all necessary action on the part of the
Seller, and constitutes a legal, valid and binding obligation of the Seller,
enforceable against the Seller in accordance with its terms, except as such
enforceability may be limited by: (i) applicable bankruptcy, insolvency,
reorganization, moratorium or other similar Laws affecting the enforcement of
creditors' rights generally; and (ii) general principles of equity
(regardless of whether such enforceability is considered in a proceeding in
equity or at law).

      

      (c)           No Violation of Law or
Agreement.  The execution, delivery and performance by Seller
of this Agreement, and the consummation of the transactions contemplated hereby,
do not and will not: (a) conflict with or result in a violation or breach of, or
default under, any provision of the certificate of incorporation, by-laws or
other organizational documents of Seller; (b) conflict with or result in a
violation or breach of any provision of any Law or governmental order applicable
to Seller; (c) require the consent, notice or other action by any person under,
conflict with, result in a violation or breach of, constitute a default or an
event that, with or without notice or lapse of time or both, would constitute a
default under, result in the acceleration of or create in any party the right to
accelerate, terminate, modify or cancel any contract to which the Seller is a
party or by which the Seller is bound or to which any of their respective
properties and assets are subject or any permit affecting the properties, assets
or business of the Seller; or (d) result in the creation or imposition of any
encumbrance on any properties or assets of the Company. No consent, approval,
permit, governmental order, declaration or filing with, or notice to, any
governmental authority is required by or with respect to the Seller in
connection with the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby. For purposes hereof,
“Law” means any statute, law, ordinance, regulation, rule, code, order,
constitution, treaty, common law, judgment, decree, other requirement or rule of
law of any Governmental Authority.

      

      (d)           Consents.  All
consents, approvals or authorizations of, or registrations, filings or
declarations with, any governmental authority or any other person, if any,
required in connection with the execution, delivery and performance by the
Sellers of this Agreement or the transactions contemplated hereby have been or
at the closing of this Agreement will have been obtained by the Seller and will
be in full force and effect.

      

      (e)           Full
Disclosure.  No representation or warranty by Seller in this
Agreement or any certificate or other document furnished or to be furnished to
Buyer pursuant to this Agreement contains any untrue statement of a material
fact, or omits to state a material fact necessary to make the statements
contained therein, in light of the circumstances in which they are made, not
misleading.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      (f)           Contingencies.  Seller
shall provide completed Title Report to Buyer.  Sales price shall be
adjusted accordingly should the results of the Title Report indicate anything
contrary to this Agreement.

      

      (g)           Net Royalty
Interest.  Seller affirms that the Seller conveys at least
SEVENTY THREE PERCENT (73%) Net Royalty Interest (NRI) of each Property, lease,
or well (with the exception of King Ranch oil and lignite {gas portion} which is
slightly less than 73%) to the Buyer.  If upon discovery of less than
73% NRI after close then Seller shall supplement additional property(ies) to
cure any deficiency.

      

      (h)           Royalties.  Seller
shall credit/forward to Buyer any revenue or Royalties received by operators of
the respective Properties with an effective date of February 1,
2011.  Any royalties received with an effective date of January 31,
2011 or earlier shall belong to Seller.  Any royalties received with
an effective date of February 1, 2011 or later shall belong to
Buyer.

      

      5.  Representations and
Warranties of Buyer.

      

      (a)           Authority; Capacity to
Purchase.  Buyer is duly organized, validly existing and in
good standing under the Laws of its jurisdiction of organization and has all
requisite power and authority to execute and deliver this Agreement and to
consummate the transactions contemplated hereby.  The execution,
delivery and performance of this Agreement has been duly authorized by all
necessary action on the part of the Buyer, and constitutes a legal, valid and
binding obligation of such Buyer, enforceable against the Buyer in accordance
with its terms, except as such enforceability may be limited by:
(i) applicable bankruptcy, insolvency, reorganization, moratorium or other
similar Laws affecting the enforcement of creditors' rights generally; and
(ii) general principles of equity (regardless of whether such
enforceability is considered in a proceeding in equity or at law).

      

      (b)           No Conflicts’
Consents.  The execution, delivery and performance by Buyer of
this Agreement and the consummation of the transactions contemplated hereby, do
not and will not: (a) conflict with or result in a violation or breach of, or
default under, any provision of the certificate of incorporation, by-laws or
other organizational documents of Buyer; (b) conflict with or result in a
violation or breach of any provision of any Law or governmental order applicable
to Buyer; or (c) require the consent, notice or other action by any person under
any contract to which Buyer is a party. No consent, approval, permit,
governmental order, declaration or filing with, or notice to, any governmental
authority is required by or with respect to Buyer in connection with the
execution and delivery of this Agreement and the consummation of the
transactions contemplated hereby.

      

      6. Limitation of
Liability.

      In no
event shall Seller be liable for any special, indirect, incidental or
consequential damages arising out of or connected with this Agreement or the
Property, regardless of whether a claim is based on contract, tort, strict
liability or otherwise, nor shall Buyer's damages exceed the amount of the
purchase price of the Property.

      

      7.  Notices.

      Any
notice required by this Agreement or given in connection with it, shall be in
writing and shall be given to the appropriate party by personal delivery or by
certified mail, postage prepaid, or recognized overnight delivery
services.

      

      If to
Seller:

      Geronimo
Holding Corporation

      P.O. Box
804

      Midland,
TX 79702

      

      If to
Buyer:

      American
Standard Energy, Corp.

      4800
North Scottsdale Road

      Suite
1400

      Scottsdale,
AZ 85251

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      8.  Governing
Law.

      This
Agreement shall be construed and enforced in accordance with the laws of the
state of Arizona.

      

      9.  Final
Agreement.

      This
Agreement terminates and supersedes all prior understandings or agreements on
the subject matter hereof.  This Agreement may be modified only by a
further writing that is duly executed by both parties.

      

      10.  Severability.

      If any
term of this Agreement is held by a court of competent jurisdiction to be
invalid or unenforceable, then this Agreement, including all of the remaining
terms, will remain in full force and effect as if such invalid or unenforceable
term had never been included.

      

      11.  Headings.

      Headings
used in this Agreement are provided for convenience only and shall not be used
to construe meaning or intent.

      

      THIS
SECTION INTENTIONALLY LEFT BLANK – SIGNATURES ON FOLLOWING PAGE

      

      IN
WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first above written.

      

      
        
          
            	
                    Geronimo
      Holding Corporation

                  	 
      	
                    American
      Standard Energy, Corp.

                  
	 
      	 
      	 
      	 
      	 
      
	
                    By:

                  	
                    /s/Randall Capps

                  	 
      	
                    By:

                  	
                    /s/Scott Feldhacker

                  
	
                    Randall
      Capps

                  	 
      	
                    Scott
      Feldhacker

                  
	
                    President

                  	 
      	
                    Chief
      Executive Officer

                  

          

        

      

      
        
           

        

        
           

          
            

          

        

        
           

        

      
  

      EXHIBIT
A

        

      Exhibit
“A”

      

      Attached
to and made a part of that certain Agreement for the Purchase of Partial
Leaseholds dated February 10, 2011 between Geronimo Holding Corporation, as
Seller and American Standard Energy Corp., as Buyer

      

      GROUP 1
PROPERTIES

      

      
        
          
            
              	
                      CORNETT LEASE

                    	
                      28.333333%
      GWI

                    	
                      21.25%
      NRI

                    

            

          

        

      

      GAINES
COUNTY, TEXAS

      
        	
                Lease
      #1

              	 
      	 
      
	
                Lessor:

              	 
      	
                David
      Thane Cornett, dealing in his sole and separate
property

              
	
                Lessee:

              	 
      	
                John
      M. Clark, Inc.

              
	
                Dated:

              	 
      	
                October
      29, 2004

              
	
                Recorded:

              	 
      	
                #R
      0004755 Official Public Records, Gaines County, Texas

              
	
                Description:

              	 
      	
                SW/4
      Section 63, Block G, W.T.R.R. Company Survey

              
	 
      	 
      	 
      
	
                Lease
      #2

              	 
      	 
      
	
                Lessor:

              	 
      	
                Jim
      L. Cornett, dealing in his sole and separate property

              
	
                Lessee:

              	 
      	
                John
      M. Clark, Inc.

              
	
                Dated:

              	 
      	
                October
      29, 2004

              
	
                Recorded:

              	 
      	
                #R
      0004756 Official Public Records, Gaines County, Texas

              
	
                Description:

              	 
      	
                SW/4
      Section 63, Block G, W.T.R.R. Company Survey

              
	 
      	 
      	 
      
	
                Lease
      #3

              	 
      	 
      
	
                Lessor:

              	 
      	
                Elbert
      Duane Cornett, dealing in his sole and separate
property

              
	
                Lessee:

              	 
      	
                John
      M. Clark, Inc.

              
	
                Dated:

              	 
      	
                October
      29, 2004

              
	
                Recorded:

              	 
      	
                #R
      0004754 Official Public Records, Gaines County, Texas

              
	
                Description:

              	 
      	
                SW/4
      Section 63, Block G, W.T.R.R. Company Survey

              
	 
      	 
      	 
      
	
                Lease
      #4

              	 
      	 
      
	
                Lessor:

              	 
      	
                John
      W. Cornett, dealing in his sole and separate property

              
	
                Lessee:

              	 
      	
                John
      M. Clark, Inc.

              
	
                Dated:

              	 
      	
                October
      29, 2004

              
	
                Recorded:

              	 
      	
                #R
      0004866 Official Public Records, Gaines County, Texas

              
	
                Description:

              	
                  

              	
                SW/4
      Section 63, Block G, W.T.R.R. Company
Survey

              

      

      

      
        
          
            
              	
                      J. F. LANE A A/C #1

                    	
                      100%
      GWI

                    	
                      75%
      NRI

                    

            

          

        

      

      Upton
County, Texas

      
        	
                Lessor:

              	 
      	
                John
      F. Lane and Allie Lane, his wife

              
	
                Lessee:

              	 
      	
                W.B.
      Powell

              
	
                Lease
      Date:

              	 
      	
                06/11/25

              
	
                Recording
      Data:

              	 
      	
                Book
      17, Page 106, Upton County, Texas

              
	
                Description:

              	 
      	
                N/2
      SW/4 and SE/4 SW/4 of Section 5, Abstract 213, G.C. & S.F.
      Ry.

              
	 
      	
                  

              	
                Co.Survey,
      Upton County, Texas

              

      

      

      
        
          
            
              
                	
                        SEABEAN #1

                      	
                        22.40%
      GWI

                      	16.80%
      NRI

              

            

          

        

      

      Gaines
County, Texas

      

      SW/4 SW/4 Section 166, Block G,
H&TC Ry. Co. Survey, Gaines County, Texas

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        
          
            
              	
                      MATULA

                    	
                      99.0%
      GWI

                    	74.25%
      NRI

            

          

        

      

      San
Patricio, Texas

      Oil, Gas
and Mineral Leases – All Oil, Gas and Mineral Leases filed of recorded in the
Official Public Records of San Patricio County, Texas

      

      
        	
                Lease
      Date:

              	 
      	
                September
      18, 2006

              
	
                Lessor:

              	 
      	
                Beverly
      Anne Matula (aka Beverly Jarvis Draper-Matula) etal

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #561175 & #561176

              

      

      Legal
Description:           99.329
acres of land, more or less, being all of Farm Block 90 and 84 and all of the
East one-half of Farm Block 83 of the Welder and Odem Subdivision of 4,309.88
acres according to the Map or Plat thereof recorded in Volume 2, Page 4 of the
Map Records of San Patricio County, Texas; and being a portion of that tract of
land more particularly described in a Partition Deed dated September 9, 1930, by
and between B. T. Draper and wife, Verna Draper and Hassie O’Bryant joined by
her husband, R.H. O’Bryant, recorded in Vol. 97, Page 405 of the Deed Records of
San Patricio County, Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                October
      5, 2005

              
	
                Lessor:

              	 
      	
                Irvin
      C. Hatridge, Jr., Trustee

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #555482

              

      

      Legal
Description:           20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas.  Said 20 acres being a portion of that tract of land
described in an Oil, Gas and Mineral Deed dated August 20, 1987 from Sylvan
Gurinsky, et al, as grantors, to Irvin C. Hatridge, Jr., Trustee, as grantee,
recorded under instrument number 364441 in the Official Records of San Patricio
County, Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                October
      12, 2005

              
	
                Lessor:

              	 
      	
                Aaron
      L. Ward and wife, Reba J. Ward

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #555481

              

      

      Legal
Description:           20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas.  Said 20 acres being more particularly described in a
Warranty Deed dated 1-10-73 from Lynn D. Headrick, et al, as grantors, to Aaron
Ward, as grantee, recorded in Vol. 462, Page 68 of the Deed Records of San
Patricio County, Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                November
      11, 2005

              
	
                Lessor:

              	 
      	
                Virginia
      T. Abercrombie and John B. Abercrombie, Trustees of the Yvonne B. Townsend
      Trust

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #555728

              

      

      Legal
Description:           20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas.  Said 20 acres being more particularly described in a
Mineral Deed dated April 20, 1944 from Complete Oil Well Services Company, as
grantor, to Lee Townsend, et al, as grantee, recorded in Vol. 49, Page 568 of
the Oil and Gas Records of San Patricio County, Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                November
      15, 2005

              
	
                Lessor:

              	 
      	
                Laverne
      Cockerham Fulcher

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #555485

              

      

      Legal
Description:           20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas.  Said 20 acres being that tract of land described in an
Oil, Gas and Mineral Deed dated March 26, 1940 from G.C. Beauchamp to Louis H.
Cockerham, recorded in Vol. 38, Page 272 of the Oil and Gas Records of San
Patricio County, Texas.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      
        	
                Lease
      Date:

              	 
      	
                October
      5, 2005

              
	
                Lessor:

              	 
      	
                Carole
      Ann Bracamontes, Individually and as Independent Executor of the Estate of
      Abe Mozes, deceased

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #555727

              

      

      Legal
Description:           20
acres of land, more and less, being all of the west or northwest one-half of
Farm Block 83 of the Welder and Odem Subdivision as shown by map or plat of said
subdivision recorded in Volume 2, Page 4 of the Map Records of San Patricio
County, Texas.  Said 20 acres being a portion of that tract conveyed
in a Mineral Deed dated July 29, 1941, from George Estes, as grantor, to Abe
Mozes, as grantee, recorded in Vol. 42, Page 359 of the Oil and Gas Records of
San Patricio County, Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                June
      20, 2007

              
	
                Lessor:

              	 
      	
                The
      Episcopal Church Corporation in West Texas for the benefit of St. Mark’s
      Espicopal Church, Corpus Christi, Texas

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #571187

              

      

      Legal
Description:           20
acres of land, more and less, being the northwest one-half of Farm Block 83 of
the Welder and Odem Subdivision of 4,309.88 acres according to the Map or Plat
Records recorded in Vol. 2, Page 4 of the Map Records of San Patricio County,
Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                August
      12, 2008

              
	
                Lessor:

              	 
      	
                Dorothy
      Holder, fka Dorothy Phillips

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #583181

              

      

      Legal
Description:           20
acres of land, more and less, being all of the Northwest Half (NW/2) of Farm
Block 83 of the Welder and Odem Subdivision as shown by plat of said subdivision
recorded in Volume 2, Page 4 of the Map Records of San Patricio County,
Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                September
      30, 2008

              
	
                Lessor:

              	 
      	
                Wanda
      Traugh

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #585715

              

      

      Legal
Description:           20
acres of land, more and less, being all of the Northwest Half (NW/2) of Farm
Block 83 of the Welder and Odem Subdivision as shown by plat of said subdivision
recorded in Volume 2, Page 4 of the Map Records of San Patricio County,
Texas.

      

      
        	
                Lease
      Date:

              	 
      	
                December
      20, 2006

              
	
                Lessor:

              	 
      	
                Antonio
      Perez (a/k/a Antonio W. Perez)

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #564382

              

      

      Legal
Description:           6.678
acres of land, more or less, being a part of the west one-half of Farm Lot
Eighty-three (83) of the Welder & Odem Subdvision, as shown on a plat
recorded in Volume 2, Page 4 of the Plat Records of San Patricio County, Texas;
and being that same tract of land described in a Warranty Deed dated March 17,
1995 from the First Commerce Bank, as grantor, to Antonio Perez, as grantee, and
recorded as File Number 430320 of the Official Records of San Patricio County,
Texas

      

      
        	
                Lease
      Date:

              	 
      	
                December
      20, 2006

              
	
                Lessor:

              	 
      	
                Bill
      F. Reeves and wife, Phyllis N. Reeves

              
	
                Lessee:

              	 
      	
                XOG
      Operating, LLC

              
	
                Recording
      Data:

              	
                  

              	
                File
      #564818

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      
 

      Legal
Description:           6.678
acres of land, more or less, being a part of the west one-half of Farm Lot
Eighty-three (83) of the Welder & Odem Subdvision, as shown on a plat
recorded in Volume 2, Page 4 of the Plat Records of San Patricio County, Texas;
and being that same tract of land described in a Warranty Deed dated September
8, 2000 from Gary Neal Rayburn and wife, Kimberlie Kay Rayburn, as grantor, to
Bill F. Reeves and wife, Phyllis N. Reeves, as grantee, and recorded as File
Number 487988 of the Official Records of San Patricio County, Texas

      

      Subject
to:

      

      
        	
                 
      

              	
                1)

              	
                Unit
      Designation for Matula #1R Gas Unit recorded in File
    #579677

              

      

      
        	
                 
      

              	
                2)

              	
                Unit
      Designation for Matula #1R Oil Unit recorded in File
    #579678

              

      

      

      
        
          
            
              	
                      CAPPS FARMS #1

                    	
                      98.00%
      GWI

                    	
                      73.50%
      NRI

                    

            

          

        

      

      Midland
County, Texas

      LEASE NO
1:

      Oil and
Gas Lease dated May 3, 1948, from R.L. Kane and his wife, Beulah Kane, as
Lessors, to Woodrow White and his wife, Elizabeth White, and James J. Kane and
his wife, Clela Kane, as Lessees, and found of record in Volume 111, Page 112,
Deed Records of Midland County, Texas.

      LEASE NO
2:

      Oil and
Gas Lease dated July 17, 1951, from Louis Egan and his wife, Margaret Egan, as
Lessors, to Tioga Petroleum Corporation, as Lessee, and found of record in
Volume 148, Page 501, Deed Records of Midland County, Texas, as amended in that
certain Amendment of Oil and Gas Lease recorded in Volume 154, Page 331, Deed
Records of Midland County, Texas;

      

      Insofar
and only insofar, as the above described Lease No. 1 and Lease No. 2 cover the
following described land in Midland County, Texas, to wit:

      

      The SE/4
of Section 44, Block 40, T-2-S, H.G. Purcell Survey, as to depths below the
unitized formation of the Parks Field Unit, said unitized formation described in
that certain Royalty Owners Agreement dated effective as of August 1, 1954, by
and between Operators and Royalty Owners of leases in the Parks Field, and
recorded in Volume 212, Page 470, Deed Records of Midland County, Texas, as
limited to the Pennsylvanian Bend unitized formation found in the Magnolia
Petroleum Company J.F. Haley No. 1 Well in Section 7, S.F. 4169, Matt Daugherty
Survey, Abstract No. 1448, Midland County, Texas, between 10,420 feet and 10,492
feet in depth measured by a Schlumberger electrical log.

       

      LEASE NO.
3

      

      Oil, Gas
and Mineral Lease dated November 15, 2003, from Chaparral Limited Partnership,
as Lessor, to Geronimo Holding Corporation, as Lessee, and found of record in
Doc 1548, Volume 2300, Page 437, Records of Midland County, Texas, covering the
following described lands:

      

      A 165.10 acre tract described as the
North-Half of the East-Half (N/2 E/2) of  Section
44, Block 40, T-2-S, H.G. Purcell Pre-emption Survey, Midland County,
Texas,
limited in depth as to the Devonian formation only.

      
        
          	
                  STATE WE L LEASE

                	
                  49.83322%
      GWI

                	
                  37.374915%
      NRI

                

        

      

      Lea
County, New Mexico
 

      
        
           

        

        
           

          
            

          

        

        
           

        

      

    

     

    Oil and
Gas leases:

    
      
        
          	
                  LESSOR:

                	
                  State
      of New Mexico

                
	
                  LESSEE:

                	
                  R.R.
      Herrell

                
	
                  LEASE
      NO:

                	
                  E-1640

                
	
                  LEASE
      DATE:

                	
                  12/10/47

                
	
                  DESCRIPTION:

                	
                  W/2
      of Section 10, T21S, R35E, Lea County, New Mexico, limited in depth as to
      the Morrow formation.

                

        

         

      

    

    
      
        
          
            	
                    DAVIES ESTATE NO. 2

                  	
                    100%
      GWI

                  	
                    73.0%
      NRI

                  

          

        

      

    

    Upton
County, Texas

    Oil and
Gas lease dated March 16, 1954, recorded in Volume 207, page 92, Oil and Gas
Records of Upton county, from Henry Curtis Davies, et al, as Lessors, to the
Texas Company, as Lessee, insofar as said Oil and Gas Lease covers the following
described land situated in Upton County, Texas:

     

    N/2 NW/4
of Section 16, Block 41, T-5-S, T&P Ry. Co. Survey, below the depth of
10,590 feet.   It is the intent of Assignor to assign THE DAVIES ESTATE NO. 2 WELL WHICH IS
CURRENTLY PRODUCING BELOW 10,590’.

    

    GROUP 2
PROPERTIES

    

    
      
        
          	
                  REVELEY GAS UNIT

                	
                  24.875%
      GWI

                	
                  18.65625%
      NRI

                

        

      

    

    Logan
County, Arkansas

     

    The
interests set forth below in the following-described leases covering the
hereinafter described portions of Section 16, Township 6 North, Range 28 West,
Logan County, Arkansas:

     

    
      
        
          
            
              
                
                  
                    
                      	 
      	 	
                              Lease

                            	 	
                              Recorded

                            	 	 
      
	
                              Lessor

                            	 	
                              Date

                            	 	
                              Vol/Page

                            	 	
                              Description

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Bryce
      Leigh Williams Reveley

                            	 	
                              7/9/77

                            	 	
                              D-1/46

                            	 	
                              W/2
      E/2, E/2 W/2

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              C.D.
      Turbiville

                            	 	
                              9/4/78

                            	 	
                              F-1/471

                            	 	
                              W/2
      W/2 less a 4.4 acre tract

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Edna
      E. Luhman

                            	 	
                              9/5/80

                            	 	
                              M-1/276

                            	 	
                              Part
      of the E/2 NE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Paul
      Cotner

                            	 	
                              5/12/69

                            	 	
                              W/387

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              June
      Cotner

                            	 	
                              5/12/69

                            	 	
                              W/385

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Gordon
      A. Cotner

                            	 	
                              5/12/69

                            	 	
                              W/403

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Monroe
      Cotner

                            	 	
                              5/12/69

                            	 	
                              W/405

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              N.A.
      Cotner

                            	 	
                              5/13/69

                            	 	
                              W/422

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Genevieve
      M. Cotner

                            	 	
                              8/11/69

                            	 	
                              W/450

                            	 	
                              SE/4
      SE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              Paula
      Rae Mitzell

                            	 	
                              9/4/78

                            	 	
                              F-1/12

                            	 	
                              A
      4.4 acre tract in the NW/4 NW/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              James
      K. Thornton

                            	 	
                              4/19/79

                            	 	
                              F-1/283

                            	 	
                              Part
      of the E/2 NE/4

                            
	 
      	 	 
      	 	 
      	 	 
      
	
                              John
      J. Satterfield

                            	 	
                              4/20/79

                            	 	
                              F-1/338

                            	 	
                              Part
      of the NE/4
SE/4

                            

                    

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            
              
                	
                        U.S.
      Tuggle

                      	 	
                        11/27/79

                      	 	
                        G-1/434

                      	 	
                        W/2
      W/2

                      
	 
      	 	 
      	 	 
      	 	 
      
	
                        Wanda
      A. Train

                      	 	
                        11/10/79

                      	 	
                        G-1/425

                      	 	
                        W/2
      W/2

                      
	 
      	 	 
      	 	 
      	 	 
      
	
                        Ada
      Inex Taylor

                      	 	
                        11/27/79

                      	 	
                        G-1/432

                      	 	
                        W/2
      W/2

                      
	 
      	 	 
      	 	 
      	 	 
      
	
                        Madge
      Harp

                      	 	
                        11/10/79

                      	 	
                        G-1/448

                      	 	
                        W/2
      W/2

                      
	 
      	 	 
      	 	 
      	 	 
      
	
                        Luther
      C. Burt

                      	 	
                        11/01/79

                      	 	
                        G-1/427

                      	 	
                        W/2
      W/2

                      
	 
      	 	 
      	 	 
      	 	 
      
	
                        Anna
      B. Coppinger

                      	 	
                        11/27/79

                      	 	
                        I-1/123

                      	 	
                        W/2
      W/2

                      

              

            

          

        

      

    

    

    INSOFAR
AND ONLY INSOFAR AS THE ABOVE LEASES COVER THE REVELEY GAS UNIT WELL #1,
#2, #3, #4, #5, #6, #7, #8, #9, #10, #11. #12 AND #13.

    

    
      
        
          	
                  FEDERAL 1X-5T

                	
                  100%
      GWI

                	
                  75%
      NRI

                

        

      

    

    Logan
County, Arkansas

      

    Section
5, Township 6 North, Range 26 West, Logan County, Arkansas insofar and only
insofar
to the 10 acres in the form of a square surrounding the Federal 1X-5T Well
only.

      

    
      
        
          	
                  TCG

                	
                  5%
      GWI

                	
                  3.75%
      NRI

                

        

      

    

    Glasscock
County, Texas

     

    INSOFAR
AND ONLY INSOFAR AS THE BELOW LEASES COVER THE N/2 OF SECTION 34, BLOCK 33,
T-2-S, T&P RY. CO SURVEY, GLASSCOCK COUNTY, TEXAS

     

    
      	
               
      

            	
              1.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Jesse Louis Overton, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 594,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              2.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Grace Lanell Evans, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 597,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              3.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Lorita Joyce Robinson, aka
      Lorita Overton Robinson, as Lessor, and K. Bryan Reeves as Lessee,
      recorded in Volume 117, Page 600, Public Records of Glasscock County,
      Texas.

            

    

    

    
      	
               
      

            	
              4.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Christine Chambers Brown,
      as Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 603,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              5.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Lois Chambers Dilatush, as
      Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 606,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              6.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Marian Ruth Sabia, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 609,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              7.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between David Paul Coffee, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 612,
      Public Records of Glasscock County,
Texas.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              8.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Lee Merritt, as Lessor, and
      Lyle D. Cannon as Lessee, recorded in Volume 117, Page 615, Public Records
      of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              9.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Billye McLaughlin, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 618,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              10.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Sheryl Cox, as Lessor, and
      K. Bryan Reeves as Lessee, recorded in Volume 117, Page 621, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              11.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Scott McLaughlin, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 624,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              12.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Kae McLaughlin, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 627, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              13.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Marianne Weiderman, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 630,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              14.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, between White Star Energy, Inc.,
      as Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page
      633, Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              15.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Bob M. Fannin, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 636, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              16.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Barbara A. Fannin, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 639,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              17.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Jennie Beth Fannin, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 647,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              18.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Robert Alan Fannin,
      Individually and as co-trustee under the Will of Ollie May Fannin, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 650,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              19.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, between Suzann Lupton, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 654, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              20.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Nancy Gayle Love Lobb, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 657,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              21.

            	
              Oil,
      Gas and Mineral Lease dated April, 2008, between Richard Oliver McMurray,
      as Lessor, and Lyle D. Cannon as Lessee, recorded in Volume 117, Page 660,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              22.

            	
              Oil,
      Gas and Mineral Lease dated April, 2008, between Michael B. Cole, as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 663,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              23.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Cleo Kaufmann, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 666, Public
      Records of Glasscock County,
Texas.

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
               
      

            	
              24.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, between Kathleen Grimes, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume 117, Page 669, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              25.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, C.E. Thomas, III, as Lessor, and K.
      Bryan Reeves as Lessee, recorded in Volume 117, Page 672, Public Records
      of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              26.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Ruth Salisbury, as Lessor, and K.
      Bryan Reeves as Lessee, recorded in Volume 117, Page 675, Public Records
      of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              27.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, Bill B. Fannin, Jr., individually
      and as co-trustee under the Will of Ollie May Fannin, as Lessor, and K.
      Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public Records
      of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              28.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Ruby Lee Thomas, as Lessor, and K.
      Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public Records
      of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              29.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Pecos Bend Royalties, LP., as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              30.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, George T. Thomas, Jr., as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              31.

            	
              Oil,
      Gas and Mineral Lease dated May, 2008, Melissa Chapman, Guardian of the
      Estate of Thomas J. Coffee, NCM, as Lessor, and K. Bryan Reeves as Lessee,
      recorded in Volume ___, Page ___, Public Records of Glasscock County,
      Texas.

            

    

    

    
      	
               
      

            	
              32.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Bob Phipps et ux Nayna P. Phipps,
      as Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page
      ___, Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              33.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Primative Petroleum, Inc., as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              34.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Mary Catherine Holley, as Lessor,
      and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              35.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Donnie Jane Byrne, as Lessor, and
      K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
      Records of Glasscock County, Texas.

            

    

    

    
      	
               
      

            	
              36.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Wildwood Royalties, Inc., as
      Lessor, and K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___,
      Public Records of Glasscock County,
Texas.

            

    

    

    
      	
               
      

            	
              37.

            	
              Oil,
      Gas and Mineral Lease dated June, 2008, Reba Jean Bailey, as Lessor, and
      K. Bryan Reeves as Lessee, recorded in Volume ___, Page ___, Public
      Records of Glasscock County, Texas.

            

    

    

    
      
        
          
            
              	
                      BELL C #1

                    	
                      15.058590%
      GWI

                    	
                      11.286232%
      NRI

                    
	
                      BELL C #3

                    	
                      15.319010%
      GWI

                    	
                      11.472337%
      NRI

                    
	
                      BELL C #4

                    	
                      15.188802%
      GWI

                    	
                      11.391602%
      NRI

                    

            

          

        

      

    

    Andrews
County, Texas

     

    Description:      E/2
of Section 14, Block A-34, PSL Survey, Andrews County, Texas

    

    
      
        
          	
                  JOHN LANE #1 & #2

                	
                  100%
      GWI

                	
                  75%
      NRI

                

        

      

    

    Upton
County, Texas

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	
              Lessor:

            	
              John
      F. Lane and Allie Lane, his wife

            

    

    
      	
              Lessee:

            	
              The
      Texas Company

            

    

    
      	
              Lease
      Date:

            	
              12/30/24

            

    

    
      	
              Recording
      Data:

            	
              Book
      18, Page 259, Upton County, Texas

            

    

    Description:            Insofar
and only insofar as lease covers 40 acres in the form of a square surrounding
the John Lane #1 and the NW/4 of NW/4 of Section 32, Block 1,

    MK&T
Ry. Co. Survey, limited to interval between 2,470 feet to base of
the

    Upper
Ellenburger formation defined as a depth approximately 10,000 feet
below

    the
surface, as indicated by a Compensated Neutron Litho Density Log of
the

    Sun
Exploration and Production J.L. Lane #1 Well located 2450 feet FNL
and

    1600 feet FWL of Section 32, Block 1,
MK & T Ry. Co. Survey, Upton

    County, Texas.

     

    AND FURTHER FOR CLARIFICATION THE
INTENT OF ASSIGNOR

    IS TO SAVE AND EXCEPT ANY AND ALL
RIGHTS OBTAINED IN

    THAT
CERTAIN ASSIGNMENT DATED OCTOBER 3, 2008 FROM VANGUARD PERMIAN, LLC TO GERONIMO
HOLDING

    CORPORATION
RECORDED AS DOCUMENT NUMBER 00144863, IN VOLUME 807, PAGE 462 OF THE OFFICIAL
PUBLIC RECORDS IN UPTON COUNTY, TEXAS.

    

    
      
        
          	
                  BADGER 30 STATE LEASE

                	
                  18.692210%
      GWI

                	
                  14.019163%
      NRI

                

        

      

    

    Lea
County, New Mexico

     

    Section
30, Township 20 South, Range 36 East, Lea County, New Mexico

     

    Oil and
Gas leases:

    

    
      
        
          	
                  LESSOR:

                	
                  State
      of New Mexico

                
	
                  LESSEE:

                	
                  Union
      Oil Company of California

                
	
                  LEASE
      NO:

                	
                  E-1782

                
	
                  LEASE
      DATE:

                	
                  3/10/48

                
	
                  DESCRIPTION:

                	
                  Section
      30, T20S, R36E, Lea County, New Mexico, limited in depth as to the Morrow
      formation.

                

        

      

    

     

    
      
        
          
            	
                    UNIVERSITY Y & Z

                  	
                    25%
      GWI

                  	
                    18.75%
      NRI

                  

          

        

      

    

    Crane
County, Texas

     

    Dated:                                           July
12, 1960

    
      
        
          	
                  Recorded:

                	
                  Book
      143, Page 405, Deed Records of Crane County, Texas

                
	
                  Lessor:

                	
                  The
      State of Texas

                
	
                  Lessee:

                	
                  Texas
      Gulf Producing Company

                
	
                  Lands
      covered:

                	
                  NE/4
      of Section 11, Block 31, University Land Survey, Crane County,
      Texas

                
	 
      	 
      
	
                  Dated:

                	
                  July
      12, 1960

                
	
                  Recorded:

                	
                  Book
      143, Page 409, Deed Records of Crane County, Texas

                
	
                  Lessor:

                	
                  The
      State of Texas

                
	
                  Lessee:

                	
                  Texas
      Gulf Producing Company

                
	
                  Lands
      covered:

                	
                  SE/4
      of Section 11, Block 31 University Lands Survey, Crane County,
      Texas

                

        

      

    

    

    
      
        
          
            	
                    GRANGER #1

                  	
                    28.33334%
      GWI

                  	
                    21.391666
      NRI

                  

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    Gaines
County, Texas

     

    Oil
& Gas Lease

     

    
      
        
          
            	
                    Lessor:

                  	
                    The
      Granger Family Limited Partnership, et al

                  
	
                    Lessee:

                  	
                    John
      M. Clark, Inc.

                  
	
                    Recorded:

                  	
                    #2005-1675
      Official Public Records, Gaines County, Texas

                  
	
                    Description

                  	
                    That
      certain 40 acre unit around the John M. Clark, Inc. Granger #1 being in
      the N/2 NW/4 of Section 64, Block G, W.T.R.R. Co. Survey, Gaines County,
      Texas

                  

          

        

      

    

    

    
      
        
          	
                  JORDAN B #1

                	
                  70.117193%
      GWI

                	
                  52.587895%
      NRI

                

        

      

    

    Lea
County, New Mexico

     

    All
recording data refers to the Official Records of Lea County, New Mexico, as
noted).

     

    Lease
No.                                                      01-NM-5150-A

    
      
        	
                Lessor:

              	
                Maggie
      J. Tidwell, et vir

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      369, Page 104

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-B

              
	
                Lessor:

              	
                Bertha
      J. Spoonemore, et vir

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 666

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              

      

    

    

    Lease
No.                                                      01-NM-5150-C

    
      
        	
                Lessor:

              	
                Alice
      Jordan

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 663

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-D

              
	
                Lessor:

              	
                Nellie
      J. Caldwell

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 669

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-E

              
	
                Lessor:

              	
                Mettie
      Jordan F/B/O Alice Jordan

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 672

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-F

              
	
                Lessor:

              	
                Nellie
      J. Jordan

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 675

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-G

              
	
                Lessor:

              	
                Louise
      Hord

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 678

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-H

              
	
                Lessor:

              	
                Emmitt
      Roy Jordan

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 681

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-I

              
	
                Lessor:

              	
                F.K.
      Turner, et ux

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 684

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-J

              
	
                Lessor:

              	
                Lewis
      R. Kerr, et ux

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 687

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              
	 
      	 
      
	
                Lease
      No.

              	
                01-NM-5150-K

              
	
                Lessor:

              	
                Imogene
      W. Flanagan

              
	
                Lessee:

              	
                TXO
      Production Corp.

              
	
                Instrument
      Dated:

              	
                1-23-84

              
	
                Recording
      Data:

              	
                Book
      368, Page 690

              
	
                Lands
      Subject to Conveyance:

              	
                SE/4
      Sec. 11, T20S, R35E

              

      

    

    

    Lease
No.                                                      01-NM-5150-L

    
      
        	
                Lessor:

              	
                S.
      & S. Inc.

              
	
                Lessee:

              	
                TXO
      Production Corp.

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          	
                  Instrument
      Dated:

                	
                  1-23-84

                
	
                  Recording
      Data:

                	
                  Book
      368, Page 693

                
	
                  Lands
      Subject to Conveyance:

                	
                  SE/4
      Sec. 11, T20S, R35E

                

        

      

    

    

    All of
the above leases are limited in depth as to the Wolfcamp formation
only.

    

    
      
        
          	
                  MCGINTY LEASE

                	
                  6.671875%
      GWI

                	
                  5.00387%
      NRI

                

        

      

    

    Yoakum
County, Texas

    

    
      
        
          
            
              
                
                  
                    	
                            1.

                          	
                            Dated:

                          	
                            January
      18, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      44, Page 209, Deed Records of Yoakum County,
      Texas

                          
	 
      	
                            Lessor:

                          	
                            Alma
      Lynn Been McGinty, et al

                          
	 
      	
                            Lessee:

                          	
                            Sam
      L. Pfiester

                          
	 
      	
                            Lands
      covered:

                          	
                            NE/4
      of Section 361, Block D

                          
	 
      	 
      	
                            John
      H. Gibson Survey, Yoakum County, Texas

                          
	 
      	 
      	 
      
	
                            2.

                          	
                            Dated:

                          	
                            September
      11, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      54, Page 12, Deed Records of Yoakum County,
      Texas

                          
	 
      	
                            Lessor:

                          	
                            Fina
      Oil & Chemical

                          
	 
      	
                            Lessee:

                          	
                            Sam
      L. Pfiester

                          
	 
      	
                            Lands
      covered:

                          	
                            NE/4
      of Section 361, Block D

                          
	 
      	 
      	
                            John
      H. Gibson Survey, Yoakum County, Texas

                          
	 
      	 
      	 
      
	
                            3.

                          	
                            Dated:

                          	
                            May
      9, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      50, Page 57, Deed Records of Yoakum County,
      Texas

                          
	 
      	
                            Lessor:

                          	
                            Mike
      Field, et al

                          
	 
      	
                            Lessee:

                          	
                            Hughes
      Eastern Corporation

                          
	 
      	
                            Lands
      covered:

                          	
                            NE/4
      of Section 361, Block D

                          
	 
      	 
      	
                            John
      H. Gibson Survey, Yoakum County, Texas

                          
	 
      	 
      	 
      
	
                            4.

                          	
                            Dated:

                          	
                            May
      10, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      50, Page 61, Deed Records of Yoakum County,
      Texas

                          
	 
      	
                            Lessor:

                          	
                            Vernon
      A. Townes, et ux

                          
	 
      	
                            Lessee:

                          	
                            Hughes
      Eastern Corporation

                          
	 
      	
                            Lands
      covered:

                          	
                            NE/4
      of Section 361, Block D

                          
	 
      	 
      	
                            John
      H. Gibson Survey, Yoakum County, Texas

                          
	 
      	 
      	 
      
	
                            5.

                          	
                            Dated:

                          	
                            May
      16, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      50, Page 48, Deed Records of Yoakum County,
      Texas

                          
	 
      	
                            Lessor:

                          	
                            Jerry
      Corbin

                          
	 
      	
                            Lessee:

                          	
                            Hughes
      Eastern Corporation

                          
	 
      	
                            Lands
      covered:

                          	
                            NE/4
      of Section 361, Block D

                          
	 
      	 
      	
                            John
      H. Gibson Survey, Yoakum County, Texas

                          
	 
      	 
      	 
      
	
                            6.

                          	
                            Dated:

                          	
                            May
      16, 1989

                          
	 
      	
                            Recorded:

                          	
                            Volume
      50, Page 54, Deed Records of Yoakum County, Texas

                          
	 
      	 
      	 
      

                  

                

              

            

          

        

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      
        
          
            	 
      	
                    Lessor:

                  	
                    Sue
      Holder

                  
	 
      	
                    Lessee:

                  	
                    Hughes
      Eastern Corporation

                  
	 
      	
                    Lands
      covered:

                  	
                    NE/4
      of Section 361, Block D

                  
	 
      	 
      	
                    John
      H. Gibson Survey, Yoakum County, Texas

                  
	 
      	 
      	 
      
	
                    7.

                  	
                    Dated:

                  	
                    May
      16, 1989

                  
	 
      	
                    Recorded:

                  	
                    Volume
      50, Page 51, Deed Records of Yoakum County,
      Texas

                  
	 
      	
                    Lessor:

                  	
                    Ruth
      Turner

                  
	 
      	
                    Lessee:

                  	
                    Hughes
      Eastern Corporation

                  
	 
      	
                    Lands
      covered:

                  	
                    NE/4
      of Section 361, Block D

                  
	 
      	 
      	
                    John
      H. Gibson Survey, Yoakum County,
Texas

                  

          

        

      

    

    

    
      
        
          	
                  J.F. LANE “A” A/C 2

                	
                  100%
      GWI

                	
                  75%
      NRI

                

        

      

    

    Upton
County, Texas

    

    
      
        
          	
                  Lessor:

                	
                  John
      F. Lane and Allie Lane, his wife

                
	
                  Lessee:

                	
                  W.B.
      Powell

                
	
                  Lease
      Date:

                	
                  06/11/25

                
	
                  Recording
      Data:

                	
                  Book
      17, Page 106

                
	
                  Description:

                	
                  N/2
      and SE/4 of Section 5, Abstract 213, G.C. & S.F. Ry. Co.
      Survey,

                
	 
      	
                  Upton
      County, Texas

                

        

      

    

    

    
      
        
          	
                  KING RANCH OIL &
LIGNITE

                	
                  100%
      GWI

                	
                  73.41640%
      NRI (OIL)

                
	
                  Upton
      County, Texas

                	 
      	
                  72.68224%
      NRI (GAS)

                

        

      

    

     

    
      
        
          	
                  Lessor:

                	
                  King
      Ranch Oil & Lignite Company

                
	
                  Lessee:

                	
                  Neville
      G. Penrose

                
	
                  Lease
      Date:

                	
                  05/07/59

                
	
                  Recording
      Data:

                	
                  Volume
      282, Page 393, Oil and Gas Records, Upton County, Texas

                
	
                  Description:

                	
                  NW/4
      of Section 26, Block 2, MK&T Ry. Co. Survey, Upton County,
      Texas

                

        

      

    

    

    
      
        
          	
                  J.H. SHIRK ESTATE

                	
                  100%
      GWI

                	
                  78.6875%
      NRI

                

        

      

    

    Upton
County, Texas

    

    The West Half of the Southwest Quarter
(W 1⁄2 SW 1⁄4) of Section 23, Block 2, MK &
T Ry. Co. Survey, A-347, Upton County, Texas.

    

    
      
        
          	
                  JERRY B CLAYTON “B” LEASE

                	
                  100%
      GWI

                	
                  75%
      NRI

                

        

      

    

    Borden
County, Texas

    

    
      
        	 
      	
                Lease
      Date:

              	
                October
      5, 2000

              
	
                Lessor:

              	
                Jerry
      Fielding Clayton, a/k/a Jerry F. Clayton

              
	 
      	
                Lessee:

              	
                R.
      Capps Oil Corp.

              
	
                Recording
      Data:

              	
                Volume
      276, Page 38

              	 
      

      

    

    Description:          Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas

    

    
      
        	 	
                Lease
      Date:

              	
                October
      5, 2000

              

      

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      
        
          	
                  Lessor:

                	
                  Ruben
      Mardes Clayton, III, a/k/a R.M. Clayton, III

                
	 
      	
                  Lessee:

                	
                  R.
      Capps Oil Corp.

                
	
                  Recording
      Data:

                	
                  Volume
      276, Page 346

                	 
      

        

      

    

    Description:     Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas

    

    
      
        
          	
                  Lease
      Date:

                	
                  October
      5, 2000

                
	
                  Lessor:

                	
                  Edna
      Clayton Dewees, a/k/a Edna C. Dewees

                
	
                  Lessee:

                	
                  R.
      Capps Oil Corp.

                
	
                  Recording
      Data:

                	
                  Volume
      276, Page 350

                

        

      

    

    Description:     Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas

    

    
      
        
          	
                  Lease
      Date:

                	
                  October
      5, 2000

                
	
                  Lessor:

                	
                  Anita
      Ann Reeder

                
	
                  Lessee:

                	
                  R.
      Capps Oil Corp.

                
	
                  Recording
      Data:

                	
                  Volume
      277, Page 50

                

        

      

    

    Description:     Southwest
Quarter (SW/4) of Section 31, and the Northwest Quarter (NW/4) of Section 42 all
in Block 32, Township 4 North, T & P Railway Co. Survey, Borden County,
Texas

    

    
      
        
          
            	
                    BOOGER BEAR “A”

                  	
                    11.90625%
      GWI

                  	
                    8.929688%
      NRI

                  

          

        

      

    

    Scurry
County, Texas

    

    Description:     40
acre tract of land in the SE/4 of Section 191, Block 97, H&TC Ry. Co.
Survey, Scurry County, Texas, including any and all of Assignor’s
rights in and to the Booger Bear A Lease and wells located
on said lease.

    

    
      
        
          	
                  LUTHER
      GRAY UNIT #1

                	
                  5.9591%
      GWI

                	
                  4.3933%
      NRI

                

        

      

    

    Grady
County, Oklahoma

     

    CONTRACTUAL
INTERESTS ACQUIRED BY VIRTUE OF JOINT OPERATING AGREEMENT DATED 02/03/53 BY AND
BETWEEN MERCURY DRILLING COMPANY, AS OPERATOR AND THE TEXAS COMPANY, ET AL, AS
NON-OPERATOR, AS AMENDED 3/29/55, 1/7/64, 4/3/73, 11/11/75, 1/8/80 AND
2/2/288

     

    T-5-N
R-7-W

                Sec.
24: S/2

    Sec. 25:
N/2

                   Grady
County, Oklahoma

     

    SUBJECT
TO:

    

    1.           AR-63541
JOINT OPERATING AGREEMENT DATED 07/01/80 BY AND BETWEEN TEXACO, INC. AS OPERATOR
AND COTTON PETROLEUM CORPORATION, ET AL, AS NON-OPERATOR, LIMITED TO THE ATOKA,
MORROW AND SPRINGER COMMON SOURCES OF SUPPLY.

     

    End of
Exhibit

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00184-of-00352.parquet"}]]