Document:

DIT VENTURES, INC.

A Nevada corporation

EMPLOYMENT AGREEMENT

THIS AGREEMENT (this Agreement) is dated as of September 29, 2000 (the Effective Date) by
and between DIT Ventures, a Nevada corporation (the Company), and Greg Amor, an individual
(Executive).

WHEREAS, the Company desires to obtain the professional services of Executive; and

WHEREAS, Executive desires to provide such services to the Company upon the following
terms and conditions;

NOW THEREFORE, in consideration of the mutual covenants contained herein and other
valuable consideration, the parties agree as follows:

1. Term. The Company hereby employs Executive in the position and with the duties and
responsibilities described in Paragraph 2 for the period commencing on the Effective Date and
ending one (1) year from the Effective Date (the Term). The Term shall be extended by
successive one (1) month periods in the absence of the renegotiation of the term of this
Agreement for such successive periods. If the Term is so extended, all references to the Term in
this Agreement shall be deemed to include such the extension thereof.

2. Position, Duties, Responsibilities. The Company hereby agrees to employ Executive, and
Executive agrees to serve, as Chief Financial Officer during the Term. Subject to the terms
hereof, Executive shall serve either at the Company's principal place of business or such other
place at which Executive shall request, which shall be reasonably granted by the Company.
Executive shall report to the Company's Chief Executive Officer and/or its Board of Directors,
as appropriate. Executive, in his capacity as Chief Financial Officer of the Company, shall (i)
oversee all financing, including but not limited to private placements, whether brokered or
non-brokered; (ii) oversee the budget and overhead of the Company; (iii) ensure that the
Company remains compliant with all regulatory requirements; (iv) prepare and file the
Company's quarterly and annual financial statements; (v) prepare agreements that may from
time to time be required by the Company; (vi) prepare and file documents in connection with the
Company's financings; (vii) maintain correspondence with shareholders and other persons
material to the affairs of the Company; and (viii) perform all other duties that may from time to
time be required by the Company or as is normally attendant to Executive's position as an
officer of the Company. In furtherance thereof, Executive shall have the full authority and
responsibility prescribed by the Company's Bylaws relating to or otherwise normally attendant
to his position as an executive officer of a corporation holding such position and shall hold such
responsibilities as shall be determined pursuant to the periodic review and approval of the Chief
Executive Officer and/or Board of Directors or any committee thereof. 

3. Compensation. Executive shall be paid the following compensation while employed by the
Company pursuant to this Agreement:

3.1 Salary. The Company agrees to pay or cause to be paid to Executive a base salary at the rate
of Five Thousand Dollars ($5,000.00) per month (Base Salary) during the Term. Executive shall
be paid a salary of $1,000.00 per month, and the remaining $4,000.00 per month shall be
deferred compensation until such time as the Company becomes a publicly traded entity, i.e.
securities of the Company are actively traded on the NASDAQ OTC-BB. Within thirty (30) days
after the date on which the Company becomes a publicly traded entity, as set forth above, the
Company shall deliver a check to Executive in the amount of all deferred salary accumulated,
due and payable to Executive. After the Company becomes a publicly traded entity, Executive
shall receive a base salary of $5,000.00 per month and no part thereof shall be deferred.

3.2 Benefits. Executive shall be entitled to all benefits made available generally to executives of
the Company, including director's and officer's insurance. 

3.3 Stock Options. Executive shall be eligible to participate in any stock option plans instituted
by the Company during the Term. 

3.4 Business Travel and Other Business Expenses. The Company shall reimburse Executive for
reasonable and ordinary expenses relating to the performance of his duties hereunder. Such
expenses shall be supported by reasonable documentation and shall be subject to reasonable
audit by the Company. 

4. Termination of Employment; Compensation Due.

4.1 Death.

4.1.1 Termination. Other than the obligations contained in Section 4.1.2 hereof, this Agreement
shall terminate automatically upon the death of Executive. 

4.1.2 Compensation. Following the death of Executive, the Company shall pay to Executive's
beneficiary or estate, as instructed by Executive in writing on file with the Company, or if no
one has been so designated, to his estate, (i) the Annual Salary to which Executive is entitled
through the date of termination and (ii) all accrued but unused vacation pay (the sum of (i), and
(ii) hereunder being referred to as AAccrued Compensation). Following the death of Executive,
the Company shall make any payments required under any death benefit policy, benefit plan or
then existing life insurance policy maintained by the Company to the beneficiary thereof.
Thereafter, the Company's obligations hereunder shall terminate. 

4.2 Disability.

4.2.1 Termination. Should Executive be prevented from properly performing Executive's duties
hereunder by reason of any physical or mental incapacity for a period of more than 180 days in
the aggregate during any twelve (12) month period, then, to the extent permitted by law, at the
Company's discretion, the Company may terminate its obligations hereunder except for (i) any
Accrued Compensation through the date of such termination, and (ii) any rights Executive may
have under any disability plan in which Executive is a participant.

4.2.2 Compensation. During any period that Executive is disabled under this Agreement, but
terminating upon any termination of this Agreement pursuant to Section 4.2.1, Executive shall
continue to receive an amount equal to his Annual Salary minus any compensation received by
Executive under any disability insurance policy the premiums for which have been paid by the
Company. Following the termination of Executive's employment under Section 4.2.1, the
Company shall pay Executive an amount equal to his Accrued Compensation through the date
on which his employment is terminated, and the Company shall have no further obligations to
Executive under this Agreement.

4.3 By the Company.

4.3.1 For Cause. (a)  The Company may terminate, without liability,

this Agreement For Cause (as defined in this paragraph), an any time upon written notice to
Executive. AFor Cause is defined as (i) the breach by Executive of any material term of this
Agreement, provided such breach, if capable of a cure, is not cured within thirty (30) days after
Executive received written notice of such breach and demand for a cure by the Company, which
notice identifies such breach with particularity, (ii) the engaging by the Employee in conduct
materially adverse to the Company and inconsistent with his duties and responsibilities under
Section 2 above and the failure to cease such conduct within thirty (30) days after written
demand therefor by the Company identifying with reasonable particularity such conduct and
harm, (iii) the conviction (by trial or upon a plea) of Executive of a misdemeanor involving
moral turpitude or a felony or (iv) a determination made by the vote of 75% of more of the
Outside Members of the Board of Directors that Executive has regularly and consistently failed
to perform his duties and obligations as an executive officer under this Agreement, after written
notice of such failure has been delivered to Executive and Executive has had a period of thirty
(30) days to cure such failure. For purposes of this Section, "Outside Member" shall mean any
member of the Board of Directors who is not an executive officer or employee of the Company.

(b) In the event the Company terminates Executive For Cause, the Company shall pay Executive
an amount equal to his Accrued Compensation through the date on which his employment is
terminated, and the Company shall have no further obligations to Executive under this
Agreement.

4.3.2 Termination Upon Cessation of Business. The Company shall have

the right to immediately terminate Executive's employment under this Agreement upon a
"Cessation of Business." For purposes of this Agreement, a "Cessation of Business" shall mean
the Company's ceasing to operate in the ordinary course of business, whether by dissolution,
liquidation, sale of assets, consolidation, merger or otherwise, in connection with, pursuant to or
arising out of a good faith determination by the Board that the continuing operation of the
business in its ordinary course is reasonably likely to render the Company unable to meet its
liabilities as they mature. Upon termination in accordance with this Section 4.3.2, the Company
shall (i) pay to Executive the Base Salary, and (ii) provide the same health insurance benefits to
which Executive was entitled hereunder, in each case (i.e., the Base Salary and health insurance
benefits), until the earlier to occur of (A) the expiration of the remaining portion of the Term, or
(B) the expiration of the three (3) month period commencing on the date Executive is
terminated. The Company may make such payments in accordance with its regular payroll
schedule or in a single lump sum payment in its sole discretion.

4.3.3 Without Cause. If the Company terminates Executive for any reason other than due to his
death, disability (as determined pursuant to Section 4.2.1) or as a result of those reasons listed in
Section 4.3.1 and 4.3.2 hereof (AWithout Cause), the Company shall (i) continue to pay
Executive his Annual Salary; and (ii) continue to provide the health and other benefits described
in Section 3.2 (clauses (i) and (ii) hereof collectively, ATermination Without Cause
Obligations); the Termination Without Cause Obligations shall be provided for a period of time
equal to the lesser of (i) the remainder of the unexpired Term calculated as if no premature
termination of this Agreement had occurred, or (ii) the expiration of the six (6) month period
commencing on the date of the premature termination. 

4.4 By Executive.

4.4.1 Voluntary Termination. Executive may terminate his employment

at any time by giving no less than thirty (30) days' written notice to the Company. The Company
reserves the right to accept Executive's voluntary termination immediately, without notice and
without any further payment obligation.

4.4.2 No Reason. Upon termination in accordance with this Section 4.4,

except as otherwise provided in Section 4.4.3 below, Executive shall be entitled to no further
payments from the Company under this Agreement, except for the payments, of cash and
in-kind, accrued through, but not including, the effective date of such termination. 

4.4.3 For Good Reason. Executive may terminate, without liability, this Agreement AFor Good
Reason if (a) the Company breaches any material term of this Agreement, provided that, if such
breach is capable of cure, such breach continues for a period of thirty (30) days after the
Company receives written notice of such breach by Executive identifying such breach with
particularity, (b) a material diminution in Executive's responsibilities or authority occurs without
Executive's consent, which shall include, among other things, any modification of Executive's
reporting responsibilities to any person other than the Company's Chief Executive Officer or its
Board of Directors, (c) Executive is required to relocate his principal place of business outside
of Los Angeles County or (d) a Change in Control (as defined below) occurs.

A AChange in Control means the happening of any of the following: (x) when any Aperson, as
such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as
amended (the AAct), is or becomes the Abeneficial owner (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company representing fifty percent
(50%) or more of the combined voting power of the Company's then outstanding securities, or
(y) the occurrence of a transaction requiring stockholder approval and involving the sale of all or
substantially all of the assets of the Company or the merger of the Company with or into another
corporation in which (i) the Company is not the surviving corporation, or (ii) the stockholders of
the Company immediately prior to such merger are the owners of less than fifty percent (50%) of
the combined voting power of the Company and such other corporation immediately after such
merger, or (z) the election of the Board of Directors in any special or annual election or
stockholders' consent where the incumbent directors immediately prior to such election or
consent do not constitute a majority of the Board of Directors immediately after such election.

In the event Executive terminates this Agreement For Good Reason, the Company shall fulfill
the obligations set forth in Section 4.3.2 hereof and all of Executive's outstanding options
granted pursuant to any of the Option Plans shall immediately vest and the time period during
which such options may be exercised shall be extended for two (2) years.. 

4.5 Exclusive Remedy. The payments contemplated by this Agreement shall constitute
Executive's exclusive and sole remedy for any claim that Executive might otherwise have against
the Company for payments under this Agreement which, but for Executive's termination of
employment hereunder, might otherwise be due and payable by the Company to Executive.
Executive covenants not to assert any other claims or causes of action or pursue any such
remedies, other than an action to enforce the payments due to Executive under this Agreement.

5. Executive Covenants.

5.1 Confidentiality. Executive acknowledges that in his employment hereunder he will occupy a
position of trust and confidence. Executive shall not, except as may be required to perform his
duties hereunder or as required by applicable law, for a period of two (2) years following the
termination of this Agreement or until such information shall have become public other than by
Executive's unauthorized disclosure, disclose to others or use, whether directly or indirectly, any
Confidential Information regarding the Company, its subsidiaries and affiliates. AConfidential
Information shall mean information about the Company, its subsidiaries and affiliates, and their
respective clients and customers and that was learned by Executive in the course of his
employment by the Company, its subsidiaries and affiliates, including without limitation any
proprietary knowledge, trade secrets, data, formulae, information and client and customer lists
and all papers, resumes, and records (including computer records) of the documents containing
such Confidential Information. Executive acknowledges that such Confidential Information is
specialized, unique in nature and of great value to the Company, its subsidiaries and affiliates,
and that such information gives the Company a competitive advantage. Executive agrees to
deliver or return to the Company, at the Company's request at any time or upon termination or
expiration of his employment or as soon thereafter as possible, (i) all documents, computer tapes
and disks, records, lists, data, drawings, prints, notes and written information (and all copies
thereof) furnished by the Company, its subsidiaries and affiliates, or prepared by Executive
during the Term of his employment with the Company, its subsidiaries and affiliates, and (ii) all
notebooks and other data relating to research or experiments or other work conducted by
Executive in the scope of employment.

5.2 Non-Competition. During the Term, Executive shall not, directly or indirectly, without the
prior written consent of the Company, provide consultative services or otherwise provide
services to (whether as an employee or a consultant, with or without pay), own, manage, operate,
join, control, participate in, or be connected with (as a stockholder, partner or otherwise), any
business, individual, partner, firm, corporation, or other entity that is then a competitor of the
Company, its subsidiaries or affiliates (each such competitor a ACompetitor of the Company);
provided that nothin g herein shall prevent Executive from the beneficial ownership of up to 5%
of the publicly traded securities of any person who may be deemed to be a Competitor of the
Company, and provided, further, that if the Company terminates the Employee's employment
hereunder Without Cause or the Employee terminates his employment For Good Reason prior to
the expiration of the Term of this Agreement, the provisions of this Section 5.2 shall not apply
from and after the date of such termination of employment.

5.3 Non-Solicitation of Customers and Suppliers. During the Term and for a period of six (6)
months thereafter, the Employee shall not, directly or indirectly, influence or attempt to
influence customers or suppliers of the Company, or any of its subsidiaries or affiliates, or to
divert their business to any Competitor of the Company, provided, that if the Company
terminates the Employee's employment hereunder Without Cause or the Employee terminates
his employment For Good Reason prior to the expiration of the Term, the provisions of this
Section 5.3 shall not apply from and after the date of such termination of employment.

5.4 Injunctive Relief. It is expressly agreed that the Company will or would suffer irreparable
injury if Executive were to disclose Confidential Information, compete with the Company or
solicit customers or suppliers the Company in violation of this Section 6, that money damages
would be insufficient to compensate the Company and that the Company would by reason of
such competition or disclosure be entitled to injunctive relief in a court of appropriate
jurisdiction.

6. Successors and Assigns. This Agreement may not be assigned without the written consent of
the non-assigning party, provided that Executive's rights to payments hereunder shall, upon his
death, inure to the benefit of Executive's personal or legal representatives, executors,
administrators, heirs, distributees, devisees and legatees. Any Change of Control shall be
deemed to be an assignment requiring consent of Executive.

7. Notices. All notices hereunder shall be in writing and shall be either served by certified or
registered mail, air courier, by hand, or by facsimile, in each case with charges prepaid. Notices
shall be deemed effective when mailed, hand delivered, or faxed. Notices to Executive shall be
given at the address set forth in the records of the Company for Executive. This notice provision
may be changed with respect to any party by such party notifying the other of such change in
accordance with the provisions of this Section 7.

8. Equitable Remedies. Executive and the Company agree that the services to be rendered by
Executive pursuant to this Agreement are of a special, unique and extraordinary character which
gives them a peculiar value, the loss of which may not be reasonably or adequately compensated
in damages in any action at law, and that a breach by Executive of any of the terms of this
Agreement may cause the Company great and irreparable injury and damage. Executive
expressly agrees that the Company may apply for the remedies of injunction, specific
performance and other equitable relief to prevent a breach of this Agreement by Executive. This
provision shall not, however, be construed as a waiver of any of the rights which the Company
may have hereunder, at law, for damages, or otherwise.

9. Complete Agreement. In entering into this Agreement, neither party has relied upon any
representation, warranty, assurance or statement of intention not expressly set forth herein.

10. Severability. If any provision of this Agreement is declared invalid, illegal or incapable of
being enforced by any court of competent jurisdiction, all of the remaining provisions of this
Agreement shall nevertheless continue in full force and effect. 

11. Governing Law. This Agreement shall be governed by and construed in accordance with the
laws of the State of California applicable to agreements made and to be performed in California.
Only California courts (state and federal) shall have jurisdiction of any action, suit or proceeding
brought regarding this Agreement.

12. Modification and Waiver. No provision of this Agreement may be modified, waived, or
discharged unless agreed to in writing by both parties hereto. The failure of a party to insist upon
strict adherence to any term, condition or other provision of this Agreement shall not be
considered a waiver or deprive that party of the right thereafter to insist upon strict adherence to
that term or any other term, condition or other provision of this Agreement.

13. Attorney Fees. In the event of any action, suit, or proceeding arising from or based on this
Agreement brought by either party hereto against the other, the prevailing party shall be entitled
to recover from the other its reasonable, attorneys' fees and disbursements in connection
therewith in addition to the costs of such action, suit or proceeding.

14. Headings. The headings in this Agreement are solely for the convenience of reference and
shall not affect its interpretation.

15. 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.

16. Counterparts. This Agreement may be executed in any number of counterparts, each of
which shall be deemed an original, but all such counterparts together shall constitute but one and
the same instrument. This Agreement shall become effective upon the execution of a counterpart
hereof by each of the parties hereto. 

IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the day and year
first above written.

DIT VENTURES, INC., GREG AMOR 

a Nevada corporation 

/s/ Kenneth Yeh /s/ Greg Amor

Kenneth Yeh Greg Amor

Chief Executive OfficerSTATE OF NORTH CAROLINA                             ASSIGNMENT OF
                                              CONTRACT FOR THE PURCHASE
COUNTY OF WAKE                                AND SALE OF REAL PROPERTY

      This  Assignment  Of Contract For The  Purchase And Sale Of Real  Property
(the  "Assignment")  is made and entered  into as of the  Effective  Date as set
forth in Paragraph 11 hereof, by and between DIVERSIFIED  RESOURCES GROUP, INC.,
a Utah  Public  Company,  as  Assignor,  and MATHENY  DEVELOPMENT,  LLC, a North
Carolina Limited Liability Company, as Assignee.

                             W I T N E S S E T H:

      WHEREAS,  Assignor has entered into that certain Contract For The Purchase
And Sale Of Real Property,  dated April 8, 1999, as amended by: (i) that certain
First  Amendment To Contract For The  Purchase And Sale Of Real  Property  dated
________________;  (ii) that certain letter dated 10/28/99 from Richard W. Moore
to Howard P. Satisky;  and (iii) that certain letter dated 02/01/00 from Matheny
Development,  LLC, to David C. Falk,  Sr.  (collectively,  the  "Contract"),  by
virtue of which Assignor agreed to purchase from PCF Falls, LLC ("PCF"), and PCF
agreed to sell to Assignor  approximately  607.74 acres of real property located
in Wake County,  North  Carolina,  which property is more fully described in the
Contract (the "Property");

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      WHEREAS, by virtue of that certain Assignment Of Contract For The Purchase
And Sale Of Real Property dated  __________ (the "First  Assignment"),  Assignee
has previously assigned its rights under the Contract to Assignor;

      WHEREAS,  Assignor  now  desires to assign its  rights  and  delegate  its
obligations under the Contract to Assignee,  and Assignee desires to accept such
assignment and delegation;

      NOW, THEREFORE,  in consideration of the premises,  and for other good and
valuable consideration, receipt and sufficiency of which is hereby acknowledged,
the parties agree as follows:

     1.  Assignment.  Subject to the  fulfillment by Assignee of its obligations
hereunder,  Assignor does hereby sell, assign,  transfer and convey to Assignee,
without  recourse,  all of Assignor's  right and interest in and delegate all of
Assignor's obligations as Buyer under the Contract.

       2. Acceptance And Assumption.  By execution hereof, Assignee accepts such
assignment and assumes and agrees to faithfully perform all duties,  obligations
and liabilities of Assignor under the Contract,  including,  but not limited to,
the  obligation  to pay  the  extension  fees  required  by  Paragraph  8 of the
Contract,  to pay the  Purchase  Price,  and to  faithfully  perform  all of its
obligations under this Assignment.

       3. Notice To PCF.  Within five (5) business days after  execution of this
Assignment by both parties,  Assignor  shall give PCF notice of this  Assignment
(without  disclosing  the terms  thereof) as required by Paragraph  13(f) of the
Contract.

     4. Consideration.  As the consideration to be given by Assignee to Assignor
for this Assignment,  Assignee agrees that, at the time of Assignee's closing of
its purchase of the Property pursuant to the Contract:

            a.    By virtue of such  closing,  Assignee  shall be deemed to have
                  forgiven  $1,250,000.00  of Assignor's debt to Assignee as set
                  forth  in  Paragraph  4.a of the  First  Assignment.  Assignee
                  agrees to execute such documents  evidencing such  forgiveness
                  as are reasonably requested by Assignor. At Closing,  Assignor
                  will issue to  Assignee  37,500,000  shares of the  restricted
                  common stock of Assignor in  satisfaction  of the remainder of
                  such debt.

            b.    By virtue of such  closing,  Assignee  shall be deemed to have
                  forgiven  one-third of the $1.25  million due Sagedale  Farms,
                  LLC  ("Sagedale"),  under that  certain  Promissory  Note from
                  Assignor to Sagedale.  Assignee agrees to execute and to cause
                  Sagedale to execute such documents evidencing such forgiveness
                  as are reasonably requested by Assignor.

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<PAGE>

          c.   Assignee  shall  reimburse  Assignor all sums paid by Assignor to
               extend the Contract.

          d.   Assignee shall pay to Assignor, by wire transfer,  the sum of One
               Million Dollars ($1,000,000.00)

5.   Representations  Of Assignor.  Assignor  hereby  represents and warrants to
     Assignee as follows:

          a.   Assignor is a public stock company organized and in good standing
               under the laws of the State of Utah.

          b.   Assignor's  execution  and  delivery of this  Assignment  and its
               performance of its obligations  hereunder have been authorized by
               all  necessary   corporate   action.   The  person  signing  this
               Assignment on behalf of Assignor is duly authorized to do so.

          c.   The Contract  constitutes the entire  agreement  between Assignor
               and PCF  regarding  the  purchase and sale of the  Property.  The
               Contract is in full force and effect and has not been modified or
               amended  except  as set  forth in the  preamble  hereof.  Neither
               Assignor  nor, to Assignor's  knowledge,  PCF is in default under
               the Contract and, to Assignor's knowledge,  no event has occurred
               which,  by the passage of time or  otherwise,  might  result in a
               default under the Contract by either Assignor or PCF.

6.   Representations  Of Assignee.  Assignee  hereby  represents and warrants to
     Assignee as follows:

          a.   Assignee is a limited  liability  company  organized  and in good
               standing  under  the  laws of the  State of  North  Carolina.

          b.   Assignee's  execution  and  delivery of this  Assignment  and the
               performance of its obligations  hereunder have been authorized by
               all necessary Company action.  The person signing this Assignment
               on behalf of the Company is duly authorized to do so.

       7.  Assignee's  Failure To Close. If Assignee fails to close the purchase
and sale of the Property for any reason other than breach of the Contract by PCF
or Assignor's  undisclosed breach of the Contract, and provided that Assignee is
not in default under this  Assignment,  Assignee  shall reassign the Contract to
Assignor,  deliver to Assignor, at no cost to Assignor,  copies of all documents
and things obtained or generated by Assignee in furtherance of the Contract and,
upon such  assignment and delivery,  neither party shall have any further rights
or obligations hereunder.

     8. Notices. Notices required or permitted to be given under this Assignment
shall be in writing and may be: (i) hand  delivered by the sender;  (ii) sent by
nationally-recognized  overnight courier service;  or (iii) sent by certified or
registered mail, return receipt requested, and addressed as follows:

                                       28
<PAGE>

If intended for ASSIGNOR:           Howard O. Davidsmeyer
                                    Chairman/CEO
                                    Diversified Resources Group, Inc.
                                    355 Interstate Boulevard
                                    Sarasota, FL 34240

If intended for ASSIGNEE:           James M. Matheny
                                    105 Fairway Valley Court
                                    Cary, NC 27513

or to such other person and/or  address as either party may provide to the other
in writing as provided herein for purpose of notice.

      A party sending any notice hereunder shall also send a copy to:

                              Richard W. Moore
                              Moore & Alphin, PLLC
                              3716 National Drive, Suite 100
                              Raleigh, NC  27612

      Any notice hand delivered or sent by courier service shall be deemed given
and received  upon actual  receipt.  Notice  mailed as above  provided  shall be
deemed given and received by the  addressee on the third  business day after the
same is posted.

     9. Assignment. Assignee may not assign its rights and obligations under the
Contract or this Assignment to any person or entity other than Assignor  without
the prior written consent of Assignor.

      10.  Construction.  This Assignment is a North Carolina contract and shall
be  interpreted  and enforced in accordance  with the laws of the State of North
Carolina.  Any action to enforce this the provisions of this Assignment shall be
filed in a court of competent jurisdiction in Wake County, North Carolina.

            This Assignment  embodies the entire  agreement  between the parties
hereto with  respect to the  Property  and the matters  set forth  herein.  This
Assignment can be modified or amended only by a document duly executed on behalf
of both of the parties hereto.

            The  captions   used  herein  are  inserted  only  as  a  matter  of
convenience and for reference and in no way define,  limit or describe the scope
of the intent of this Assignment or any section thereof.

            Unless the context clearly  intends to the contrary,  words singular
or plural in number shall be deemed to include the other and  pronouns  having a
masculine  or feminine  gender  shall be deemed to include  the other.  The term
"person"  shall be deemed to include an  individual,  corporation,  partnership,
trust,  unincorporated  organization,  government  and  governmental  agency  or
subdivision, as the context shall require.

            Notwithstanding  the  presumption  of law  whereby an  ambiguity  or
conflict in  provisions  shall be  construed  against the  drafter,  the parties

                                       29
<PAGE>

hereto hereby agree that although one party may have generated this  Assignment,
each party has been afforded the  opportunity to consult with counsel of its own
choosing,  and  each  has  participated  in the  drafting  of  this  Assignment.
Therefore,  such  presumption  shall not be applied if any  provision or term of
this Assignment requires judicial interpretation.

            If any  term,  covenant  or  condition  of  this  Assignment  or the
application  thereof to any person or  circumstance  shall be  determined  to be
invalid or unenforceable,  the remainder of the Assignment or the application of
such term or provision to persons or circumstances, other than those to which it
is held invalid or  unenforceable,  shall not be affected  thereby and each term
shall be valid and  enforceable to the fullest extent  permitted by law, so long
as such invalidity does not materially  adversely affect the consideration to be
given by Assignee to Assignor hereunder.

     11. Effective Date. The Effective Date of this Assignment shall be the last
date upon which it is signed by any of the signatories  thereto, as shown by the
date of each party's execution set forth below.

      IN WITNESS  WHEREOF,  the parties have each executed this Assignment under
seal, as of the day and year first above written.

ASSIGNOR:

DIVERSIFIED RESOURCES GROUP, INC.   (Corporate Seal)

By:   _________________________________               _________________________
      ___________________________(Name)               Date
      ____________________________(Title)

ASSIGNEE:

MATHENY DEVELOPMENT, LLC            (Seal)

By:   _________________________________               ________________________
      James M. Matheny, Manager                             Date

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Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]