Assignment
THIS ASSIGNMENT, made and entered into this 10th day of May 2018 by and between Soligen Technologies, Inc. whose address is Pennzoil Plza. Bldg., Suite 1300, 000 Xxxxx Xx., Xxxxxxx, XX 00000, hereinafter referred to as Assignor, and US Natural Gas Corp KY whose address is 000 0xx Xxx X., Xxxxx 0, Xx. Xxxxxxxxxx, XX 00000 hereinafter referred to as Assignee.
WITNESSETH, that for and in consideration of the sum of One Dollar ($1.00) and other good and valuable considerations, all of which is hereby acknowledged, Assignor does by these presents assign, convey, transfer, and set over unto Assignee a thirty percent (30%) royalty of the gross proceeds of production from the acquired assets shown on Exhibit A. In addition, Assignee shall receive ten percent (10%) of the monthly gross proceeds of production from any new drilled xxxxx on the acquired leases shown on Exhibit A. Assignee shall receive payments from production until such time that Assignee has received a total of One Hundred Forty Thousand and no/100 Dollars ($140,000.00). At that time, the Assignee shall receive no additional royalty payments.
IN WITNESS WHEREOF, the Assignor has executed this assignment on the day and year first above written.
| SOLIGEN TECHNOLOGIES, INC. | ||
| /s/ Xxxx Xxxxxxxx | ||
| By: | Xxxx Xxxxxxxx | |
| Title: | President | |
STATE OF FLORIDA
COUNTY OF ______________
On the _______ day of _________, 2018 before me personally appeared Xxxx Xxxxxxxx, who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed for the purposes therein contained.
WITNESS my hand and seal this ______ day of _________, 2018.
| Notary Public |
My Commission expires______________________
| US NATURAL GAS CORP KY | ||
| /s/ Xxxxx Xxxxxxxx | ||
| By: | Xxxxx Xxxxxxxx | |
| Title: | President of Managing Member | |
STATE OF Florida
COUNTY OF Pinellas
On the _______ day of _________, 2018 before me personally appeared Xxxxx Xxxxx Xxxxxxxx, who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed for the purposes therein contained.
WITNESS my hand and seal this ______ day of _________, 2018.
| Notary Public |
My Commission expires______________________
THIS INSTRUMENT PREPARED BY:
US Natural Gas Corp KY
000 0xx Xxx X., Xxxxx 0
Xx. Xxxxxxxxxx, XX 00000
| By: | /s/ Xxxxx Xxxxxxxx |
EXHIBIT A
| XXXXXXX COUNTY, KENTUCKY XXXXX | ||||||
| WELL NAME | TOTAL DEPTH (a) | STATUS (b) | PRODUCT (c) | |||
| XXXXXX XXXXX #1 | 1303 | SI | NG | |||
| XXXXXX XXXXXX #1 | 1758 | SI | NG | |||
| SOUTH CENTRAL KENTUCKY OIL XXXXX | ||||||||
| WELL NAME | COUNTY | TOTAL DEPTH (a) | STATUS (b) | PRODUCT (c) | ||||
| XXXXX XXXXXXXX #1 | XXXXX | 1562 | SI | O | ||||
| XXXXX XXXXXXXX #2 | XXXXX | 1439 | SI | O | ||||
| XXXXX XXXXXXXX #1 | XXXXX | 750 | SI | O | ||||
| X.X. XXXXXX #1 | XXXXX | 1620 | SI | O | ||||
| X.X. XXXXXX #1A | XXXXX | 1565 | SI | O | ||||
| X.X. XXXXXX #2 | XXXXX | 1574 | SI | O | ||||
| X.X. XXXXXX #5 | XXXXX | 1657 | SI | O | ||||
| XXXXX XXXXX #1 | XXXXX | 1680 | SI | O | ||||
| D&M FARMS #1 | XXXX | 2250 | SI | O | ||||
| XXXXX XXXXXXX #1 | XXXXX | 1574 | SI | O | ||||
| XXXX XXXX #1 | XXXXXX | 1705 | SI | NG | ||||
| (a) - | Total Depth as per completion report |
| (b) - | Status |
| i) PR - In Production | |
| ii) PL - Plugged | |
| iii) SI - Shut-In | |
| (c) - | Product |
| i) O - Oil production | |
| ii) NG - Natural Gas production | |
| iii) O/NG - Both Oil & Natural Gas production |
