Document:

Exhibit
      10.3

    

    SUPPLEMENTAL
      FARM- OUT ASSIGNMENT

    

    THIS
      FARM-OUT ASSIGNMENT made and entered into this the 10th day of December, 2007,
      by and between K & D ENERGY, a Kentucky Partnership, by Partners, Danny
      Thomasson, of P. O. Box 360, Bremen, Kentucky 42325, and Keith Conn, 85 Tyson
      Lane, Dunmore, Kentucky 42339, being all partners in the partnership,
      hereinafter ASSIGNOR and KY USA ENERGY, INC., C/O Steve Eversole, 321 Somerset
      Road, London, Kentucky 40741, hereinafter ASSIGNEE;

    

    WITNESSETH:
      Whereas, ASSIGNOR owns certain oil and gas leases in West Central, Kentucky,
      more specifically described hereinafter and desire to do this Farm-Out
      Assignment to ASSIGNEE to form a core basis for a publicly traded company so
      that money can be raised to fully develop the project from which ASSIGNOR will
      receive a carried working interest and by their signatures below the parties
      agree to this Assignment on the following terms and conditions:

    

    WHEREAS,
      ASSIGNOR has previously assigned the three (3) leases described below to
      ASSIGNEE, but these three (3) leases were about to expire; and

    

    WHEREAS,
      ASSIGNOR has acquired a new lease to replace those that were about to expire
      and
      does now desire to assign the new leases under the same terms and conditions
      as
      set out in the previous assignment;

    

    NOW,
      THEREFORE, for and in consideration of the above terms and conditions, and
      one
      dollar ($1.00) plus other good and valuable considerations, the receipt and
      sufficiency of which are acknowledged, the ASSIGNOR does hereby bargain,
      transfer and assign to ASSIGNEE the following described Oil and Gas
      Leases:

    

    
      	
              Lease
                Name

            	 	
              County

            	 	
              Lease
                Book/Page

            	 	
              Date

            	 	
              Acreage

            	 
	 	 	 	 	 	 	 	 	 	 
	
              Lakefield/Taylor

            	 	
              Muhlenberg

            	 	
              94/734

            	 	
              10/18/07

            	 	
              130

            	 
	
              Freda/Jeff
                Johnston

            	 	
              Todd

            	 	
              22/697

            	 	
              10/8/07

            	 	
              323

            	 
	
              Jeff
                Johnston

            	
                

            	
              Christian

            	
                

            	
              43/464

            	
                

            	
              10/8/07

            	
                

            	
              326

            	
                

            

    

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    TO
      HAVE
      AND TO HOLD unto ASSIGNEE, its successors and assigns, a 75% Net Revenue
      Interest as the 100% Working Interest in above described leases, subject to
      all
      the aforesaid terms and conditions, as well as all terms and conditions in
      the
      original leases with only such Warranty of title as ASSIGNOR actually possesses,
      subject to all terms and conditions of a prior Assignment dated October 4,
      2007
      and recorded as follows: 

    

    
      	
              Todd
                County

            	
              Lease
                Book 22, Page ______

            
	
              Muhlenberg
                County

            	
              Lease
                Book 94, Page 697

            
	
              Christian
                County

            	
              Lease
                Book 43, Page 484

            

    

    

    ASSIGNOR
      does warrant that there are no undisclosed material defects in the above leases
      of which ASSIGNOR is aware and the ASSIGNOR has taken no action or made no
      omissions in actions that would render any of the above leases invalid or of
      no
      effect. 

    

    WITNESS
      the signatures of the parties hereto on this the ____ day of October,
      2007.

    

    
      	 	
              K
                & D ENERGY

            
	 	 
	 	
              BY:

            	 	 
	 	 	
              DANNY
                THOMASSON, Partner

            
	 	 
	 	
              BY:

            	 	 
	 	 	
              KEITH
                CONN, Partner

            
	 	 	
              By:
                Danny Thomas son, POA

            
	 	
              ASSIGNOR

            
	 	 
	 	
              KY
                USA ENERGY, INC.

            
	 	 
	 	
              BY:

            	 	 
	 	 	
              STEVE
                EVERSOLE

            
	 	 	
              ASSIGNEE

            

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    COMMONWEALTH
      OF KENTUCKY

    

    COUNTY
      OF____________________

    

    SIGNED
      AND ACKNOWLEDGED to before me by K & D ENERGY, by and through its partner,
      DANNY THOMASSON, who personally appeared before me and known to me or
      satisfactorily identified by me, to be his free act and deed, on this the 10th
      day of October, 2007.

    

    __________________________________

    NOTARY
      PUBLIC

    My
      Commission Expires:_____________

    

    

    COMMONWEALTH
      OF KENTUCKY

    

    COUNTY
      OF
      ______________

    

    

    SIGNED
      AND ACKNOWLEDGED to before me by K & D ENERGY, by and through its partner,
      KEITH CONN, who personally appeared before me and known to me or satisfactorily
      identified by me, to be his free act and deed, on this the 10th day of October,
      2007.

    

    

    __________________________________

    NOTARY
      PUBLIC

    My
      Commission Expires:____________

    

    

    COMMONWEALTH
      OF KENTUCKY

    

    COUNTY
      OF
      ______________

    

    

    SIGNED
      AND ACKNOWLEDGED to before me by KY USA ENERGY, INC. by and through STEVE
      EVERSOLE, who personally appeared before me or satisfactorily identified by
      me,
      to be his free act and deed, on this the 10th day of October,
      2007.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    ___________________________________

    NOTARY
      PUBLIC,

    My
      Commission Expires: 

    

    

    THIS
      INSTRUMENT PREPARED BY:

    

    BASIL
      LAW
      FIRM

    231
      West
      Main Street

    Glasgow,
      Kentucky 42141

    TELEPHONE:
      270-651-9822

    FAX:
      270-651-8026

    

    
      	
              BY:

            	 	 
	 	
              DANNY
                J. BASIL

            	 

    

    

    My
      Documents,GG; Contracts; Farm-Out Assignment, K & D EnergyFifth Amended and Restated Promissory Note

 Exhibit 4.1 
 FIFTH AMENDED AND RESTATED PROMISSORY NOTE 
  

			
	 $150,000,000
	 	September 12, 2003
	 As of September 12, 2008, $135,000,000
	 	Amended and Restated January 7, 2005
		 	Further Amended and Restated January 9, 2006
		 	Further Amended and Restated September 5, 2006
		 	Further Amended and Restated June 19, 2008
		 	Further Amended and Restated June 27, 2008
		 	New York, New York

 FOR VALUE RECEIVED, TAXI MEDALLION LOAN TRUST I, a Delaware business trust (the
“Borrower”), hereby promises to pay to the order of MERRILL LYNCH COMMERCIAL FINANCE CORP. (the “Lender”), at the principal office of the Lender at 15 W. South Temple, Suite 300, Salt Lake City, Utah
84101, in lawful money of the United States, and in immediately available funds, the principal sum of ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (or such lesser amount as shall equal the aggregate unpaid principal amount of the Advances made
by the Lender to the Borrower under the Loan Agreement), on the dates and in the principal amounts provided in the Loan Agreement, and to pay interest on the unpaid principal amount of each such Advance, at such office, in like money and funds, for
the period commencing on the date of such Advance until such Advance shall be paid in full, at the rates per annum and on the dates provided in the Loan Agreement. 
 This Note is the Note referred to in that certain Amended and Restated Loan and Security Agreement, dated as of September 12, 2003 (as modified by that certain Amendment No. 1, dated as of August 12,
2004, Amendment No. 2, dated as of January 7, 2005, by that certain Amendment No. 3, dated as of January 9, 2006, by that certain Amendment No. 4, dated as of September 5, 2006, by that certain Amendment No. 5,
dated as of December 19, 2006, by that certain Omnibus Amendment and Agreement, dated as of March 18, 2008, by that certain Amendment No. 7, dated as of June 19, 2008 and by that certain Second Omnibus Amendment and Agreement,
dated as of June 27, 2008 and as further amended, restated, supplemented or otherwise modified and in effect from time to time, the “Loan Agreement”), by and between the Borrower and the Lender and evidences the Advances made
by the Lender thereunder. Terms used but not defined in this Note have the respective meanings assigned to them in the Loan Agreement. 
 This Note amends and restates in its entirety that certain Fourth Amended and Restated Promissory Note dated June 19, 2008, made by the Borrower in favor of the Lender in the original principal amount of Two Hundred Fifty Million
Dollars ($250,000,000) (the “Existing Note”); provided, that this Note is given solely in substitution of the Existing Note and not in repayment or satisfaction thereof. The Borrower hereby acknowledges and agrees that
simultaneously with the Borrower’s execution and delivery of this Note to the Lender, the Lender has agreed to deliver, and has in fact delivered, to the Borrower the Existing Note, marked “cancelled”. 
 The date, Type, amount and length of Interest Period of each Advance made by the Lender to the Borrower (including, without limitation, each
“Advance” outstanding under the 

 
Existing Loan Agreement on the Restatement Effective Date), each continuation thereof, each conversion of all or a portion thereof to another Type and each
payment made on account of the principal thereof, shall be recorded by the Lender on its books and, prior to any transfer of this Note, endorsed by the Lender on the schedules attached hereto and constituting a part hereof or any continuation
thereof and any such recordation shall constitute Prima facie evidence of the accuracy of the information; provided, that the failure of the Lender to make any such recordation or endorsement shall not affect the obligations of the Borrower
to make a payment when due of any amount owing under the Loan Agreement or hereunder in respect of the Advances made by the Lender. 
 The
Borrower agrees to pay all the Lender’s costs of collection and enforcement (including reasonable attorneys’ fees and disbursements of Lender’s counsel) in respect of this Note in accordance with the Loan Agreement, including, without
limitation, reasonable attorneys’ fees through appellate proceedings. 
 Notwithstanding the pledge of the Collateral, the Borrower
hereby acknowledges, admits and agrees that the Borrower’s obligations under this Note are recourse obligations of the Borrower to which the Borrower pledges its full faith and credit. 
 The Borrower, and any indorsers or guarantors hereof, (a) severally waive diligence, presentment, protest and demand and also notice of protest,
demand, dishonor and nonpayments of this Note, (b) expressly agree that this Note, or any payment hereunder, may be extended from time to time, and consent to the acceptance of further Collateral, the release of any Collateral for this Note,
the release of any party primarily or secondarily liable hereon, and (c) expressly agree that it will not be necessary for the Lender, in order to enforce payment of this Note, to first institute or exhaust the Lender’s remedies against
the Borrower or any other party liable hereon or against any Collateral for this Note. No extension of time for the payment of this Note, or any installment hereof, made by agreement by the Lender with any person now or hereafter liable for the
payment of this Note, shall affect the liability under this Note of the Borrower, even if the Borrower is not a party to such agreement; provided, however, that the Lender and the Borrower, by written agreement among them, may affect
the liability of the Borrower. 
 Any reference herein to the Lender shall be deemed to include and apply to every subsequent holder of this
Note. Reference is made to the Loan Agreement for provisions concerning optional and mandatory prepayments, Collateral, acceleration and other material terms affecting this Note. 
 This Note shall be governed by and construed under the laws of the State of New York whose laws the Borrower expressly elects to apply to this Note.
The Borrower agrees that any action or proceeding brought to enforce or arising out of this Note may be commenced in the Supreme Court of the State of New York, Borough of Manhattan, or in the District Court of the United States for the Southern
District of New York. 

			
	TAXI MEDALLION LOAN TRUST I
		
	By:	 	 /s/Andrew M. Murstein

	Name:	 	Andrew M. Murstein
	Title:	 	President

 Signature Page to Fifth Amended and Restated Note

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