T N E S S E T H that in consideration of the premises and mutual promises hereinafter set forth, the parties hereto agree as follows:
T N E S S E T H. In consideration of the mutual covenants hereinafter contained, it is hereby agreed by and between the parties hereto as follows:
T N E S S E T H. ARTICLE I
T N E S S E T H. A. BACKGROUND AND OBJECTIVES
T N E S S E T H. THE TOTAL PURCHASE PRICE is Forty-Nine Thousand and 00/100 Dollars ($49,000.00) (the “Purchase Price”), payable in immediately available funds by the BUYER to the SELLER, subject to the following terms and conditions:
T N E S S E T H. That in consideration of the premises and the mutual covenants hereinafter contained, the Fund and the Investment Adviser agree as follows:
T N E S S E T H. Assignor, in consideration of the sum of Ten and No/100 Dollars ($10.00) in hand paid, and other good and valuable consideration, and of the other agreements of Assignee herein contained, the receipt and sufficiency of which are hereby acknowledged, does hereby transfer, assign and convey unto Assignee, subject to the exceptions, reservations, conditions and other provisions hereinafter set out, all of Assignor’s right, title and interest in and to the leasehold and contractual working interest rights in and to the Oil and Gas Leases described on Exhibit “A attached hereto,such lease(s) being hereinafter sometimes referred to as “the Leases”, and in the "Contracts" as such term is defined in the Agreement (as hereinafter defined), INSOFAR AND ONLY INSOFAR as the Leases and Contracts cover the Mississippi formation underlying lands described in Exhibit “A”, limited to production therefrom from xxxxx drilled by Assignee thereon after the Effective Date. The Mississippi formation is defined as the stratigraphic equivalent of all depths between 4,982 feet and 5,391 feet, inclusive, as shown on the Log-Tech Dual Compensated Porosity log dated February 22, 2007 for the Xxxxxxx #3-20 well (API #15-033-21490-0000) located near the center of the Southeast Quarter of the Southeast Quarter of the Northwest Quarter of the Northeast Quarter of Section 20, Township 31 South, Range 17 West (SE/4SE/4NW/4NE/4 Sec. 20-31s-17w), Comanche County, Kansas. Subject to the terms and conditions of the Leases, this Assignment shall be for a term commencing on the Effective Date and ending December 29, 2014, and shall terminate in all respects upon the expiration of such term. This Assignment is delivered pursuant, and is made expressly subject, to the terms and conditions of that certain Agreement for Purchase of Term Assignment dated February 22, 2013, by and between Berexco LLC, et al., and Pacific Energy Development MSLLLC, which agreement is on file in the office of Berexco LLC at 0000 X. Xxxxxxxxxxx, Xxxxxxx, XX 00000 (the “Agreement”). Assignor and Assignee intend that the terms of the Agreement remain separate and distinct from, and not merge into, the terms of this Assignment. To the extent of any conflict between the terms and conditions of this Assignment and the Agreement, the terms of the Agreement shall govern and prevail. Assignor hereby reserves unto Assignor and excepts from this Assignment:
T N E S S E T H. I. Sale and Purchase
T N E S S E T H. THAT, WHEREAS, the Developer has proposed to undertake development activity upon a certain parcel of land, identified as Tax Parcel # , situate in the City and has caused to be made a comprehensive development plan, which plan is entitled “ ”, prepared by , under date of , 20 , with revision dates of , 20 ; , 20 ; and , 20 ; which plan is hereinafter referred to as the “Plan”;
T N E S S E T H. THAT, WHEREAS, the Subdivider is the owner of, and has proposed to subdivide, a certain tract of land in the City and desires to record a plat of subdivision of such parcel known as “ ”, Official Tax Map No(s). , which plat was prepared by , under date of , 20 (hereinafter referred to as the “Plat”), a copy of which, together with all other plans, specifications, and cross sections of said tract, is attached hereto and incorporated by reference; and
