Common use of Lack of Operating History Clause in Contracts

Lack of Operating History. In recent years, the Company has substantially changed its business plan. As a result, the Company's operating history under its current business plan is limited. In addition, one of the Company's Subsidiaries is a recent start-up electricity retail business. Such limited operating history of the Company and its Subsidiaries may not provide sufficient information for Purchasers to base an evaluation of likely performance. RISKS RELATED TO PROJECTIONS AND ESTIMATES All statements other than statements of historical facts included in the SEC Filings or any other information provided to a potential investor regarding the financial position, business strategy, plans and objectives of management for future operations of the Company and its Subsidiaries are projections and estimates based upon current information available to the Company. While we believe that such projections and estimates are based upon reasonable assumptions, there are significant risks and uncertainties that could significantly effect expected results. Important factors that could cause actual results to differ materially from those in the projections and estimates include, without limitation, the Risk Factors discussed herein, and many of those factors are beyond our control. All written and oral projections and estimates and "forward looking" statements attributable to the Company, whether contained in the SEC Filings or otherwise, are expressly qualified in their entirety by such factors. Purchasers should expect the assumptions and related projections and estimates to change as additional information becomes available. However, the Company does not intend to update or otherwise revise the projections and estimates provided to reflect events or circumstances after the date of such information or to reflect the occurrence of unanticipated events. A Purchaser should carefully review and consider the assumptions and estimates, and obtain the advice of legal and accounting experts and other professionals regarding these matters. Actual results may differ materially from any business descriptions and operating estimates contained in the information provided or available to a Purchaser.

Lack of Operating History. In recent years, the Company Amen has substantially changed its business plan. As a result, the Company's Amen’s operating history under its current business plan is limited. In addition, one of the Company's Amen’s Subsidiaries is a recent start-up electricity retail businessbusiness with approximately two years of operating history. Such limited operating history of the Company Amen and its Subsidiaries may not provide sufficient information for Purchasers Investors to base an evaluation of likely performance. RISKS RELATED TO PROJECTIONS AND ESTIMATES All statements other than statements of historical facts included in the SEC Filings or any other information provided to a potential investor regarding the financial position, business strategy, plans and objectives of management for future operations of the Company Amen and its Mid:010056\000010\578047.9 Subsidiaries are projections and estimates based upon current information available to Amen at the Companytime, such statements were made, whether in an SEC Filing or in other information provided to you. While we believe that such projections and estimates are based upon reasonable assumptions, there are significant risks and uncertainties that could significantly effect expected results. Important factors that could cause actual results to differ materially from those in the projections and estimates include, without limitation, the Risk Factors discussed herein, and many of those factors are beyond our control. All written and oral projections and estimates and "“forward looking" ” statements attributable to the CompanyAmen, whether contained in the SEC Filings or otherwise, are expressly qualified in their entirety by such factors. Purchasers Investors should expect the assumptions and related projections and estimates to change as additional information becomes available. However, the Company Amen does not intend to update or otherwise revise the projections and estimates provided to reflect events or circumstances after the date of such information or to reflect the occurrence of unanticipated events. A Purchaser Investor should carefully review and consider the assumptions and estimates, and obtain the advice of legal and accounting experts and other professionals regarding these matters. Actual results may differ materially from any business descriptions and operating estimates contained in the information provided or available to a PurchaserInvestor. Anticipated results from our oil and gas royalty investments, including the Acquisition Properties, are substantially dependent on prices of oil and gas. Prices for oil and gas are subject to large fluctuations in response to relative minor changes in the supply of, and demand for, oil and gas, market uncertainty and a variety of additional factors beyond our control. These factors include weather conditions, the economy, actions of the government regulation, political stability in the Middle East and elsewhere, the foreign supply of oil and gas, the price of foreign imports and the availability of alternate fuel sources. Any substantial extended decline in the price of oil and gas could have an adverse impact on our revenue generating capability.

Lack of Operating History. In recent years, the Company has substantially changed its business plan. As a result, the Company's operating history under its current business plan is limited. In addition, one of the Company's Subsidiaries is a recent start-up electricity retail business. Such limited operating history of the Company and its Subsidiaries may not provide sufficient information for Purchasers Purchaser to base an evaluation of likely performance. RISKS RELATED TO PROJECTIONS AND ESTIMATES Much of the Company's recent growth has been the result of acquisitions of oil and gas properties. The Company anticipates that it will continue to evaluate and pursue acquisition opportunities. To the extent such opportunities are not available to the Company on terms acceptable to management or if the properties acquired do not produce results as anticipated, the Company's ability to sustain such growth may be adversely effected. All statements statements, other than statements of historical facts included in the SEC Filings Filings, or any other information provided to a potential investor regarding the financial position, business strategy, plans and objectives of management for future operations of the Company and its Subsidiaries are projections and estimates based upon current information available to the Company. While we believe that such projections and estimates are based upon reasonable assumptions, there are significant risks and uncertainties that could significantly effect expected results. Important factors that could cause actual results to differ materially from those in the projections and estimates include, without limitation, the Risk Factors discussed herein, and many of those factors are beyond our control. All written and oral projections and estimates and "forward looking" statements attributable to the Company, whether contained in the SEC Filings or otherwise, are expressly qualified in their entirety by such factors. Purchasers Purchaser should expect the assumptions and related projections and estimates to change as additional information becomes available. However, the Company does not intend to update or otherwise revise the projections and estimates provided to reflect events or circumstances after the date of such information or to reflect the occurrence of unanticipated events. A Purchaser should carefully review and consider the assumptions and estimates, and obtain the advice of legal and accounting experts and other professionals regarding these matters. Actual results may differ materially from any business descriptions and operating estimates contained in the information provided or available to a Purchaser.