Contract
Exhibit
10.2
Xxxxx
Xxxxxx, LLC, a Texas limited liability company hereinafter referred to as DP,
entered into an Exploration Agreement with an effective date of January 31,
2006
with Lexington Oil & Gas Ltd., Co., an Oklahoma limited liability company
hereinafter referred to as LXO. Paluca Energy, LLC, referred to as
"Paluca", an Oklahoma limited liability company, was subsequently assigned
an
interest in some or all of the leases and xxxxx by LXO and DP. LXO and
Paluca, collectively referred to as "the parties" now desire to end their common
interests under the Exploration Agreement. To that end, LXO and Paluca
desire to sell to DP their interest in the oil and gas leases.
Refer
to the enclosed PDF exhibit for the entire Buy Out
Agreement.