EXHIBIT 10.3
ASSIGNMENT OF FARMOUT
KNOW ALL PERSONS BY THESE PRESENTS:
THAT, WHEREAS, Paluca Petroleum, Inc., an Oklahoma corporation,
(hereinafter called Assignor) is the owner of those certain rights granted in a
Farmout Agreement, filed in Xxxxxx County, Oklahoma, County Clerk's office at
Book 997, Pages 238 through 258, and covering the following described lands in
Xxxxxx County, Oklahoma, to-wit:
S/2 Section 23, Township 7 North, Range 11 East
S/2 Section 24, Township 7 North, Range 11 East
N/2 Section 25, Township 7 North, Range 11 East.
NOW, THEREFORE, for and in consideration of the sum of Ten Dollars
($10.00) and other valuable consideration paid by Assignee, the receipt and
sufficiency of which is hereby acknowledged, Assignor does hereby sell,
transfer, set over and assign to Assignee, Lexington Oil & Gas Ltd. Co., an
Oklahoma limited liability company, all of Assignor's undivided interest in and
to the above described Farmout Agreement.
This Assignment is made without warranty, either express or implied,
except Assignor does hereby warrant that the interest herein assigned are free
and clear of all Hens, claims, encumbrances and mortgages by, through or under
Assignor, but not otherwise.
Dated this 22nd day of April, 2004.
By: D
Paluca Petroleum, Inc.
By: /s/ XXXX XXXXXXXXX
__________________
Xxxx Xxxxxxxxx
President
STATE OF OKLAHOMA )
) 5S
)
COUNTY OF XXXXXX
This instrument was acknowledged before me this 22nd day of April, 2004
by Xxxx Xxxxxxxxx, President of Paluca Petroleum, Inc. on behalf of the
Corporation.
/s/ XXXXX XXXXXXXXX
_______________
Xxxxx Xxxxxxxxx
Notary Public
My Commission Expires: 10-13-06
Official Seal
XXXXX XXXXXXXXX
NOTARY PUBLIC STATE OF OKLAHOMA
XXXXXX COUNTY
My Commission Expires
