ASSIGNMENT OF OIL, GAS AND MINERAL LEASE
STATE OF TEXAS *
* KNOW ALL MEN BY THESE PRESENTS THAT
COUNTY OF XXXXXX *
WHEREAS, Pilares Oil & Gas, Inc., whose address is 0000 Xxxxx 0xx
Xxxxxx, Xxx Xxxxx Xxxxx, Xxxxxxx, XX 00000, hereinafter referred to
as "Assignor", is the owner and holder of certain Oil, Gas and
Mineral Leases. One lease was executed the 15th day of May 1995,
Xxxx Xxxxxxxxx as Lessor to Pilares Oil & Gas, Inc., Xxxxxx; and,
the second lease is dated the 1st day of March 1996, and executed by
Xxxxxx X. Xxxxx, et al., to Pilares Oil & Gas, Inc. The Lease
executed by Xxxx Xxxxxxxxx covers the following described lot,
tract, or parcel of land, hereinafter called "the Assigned
Premises," is situated in Xxxxxx County, Texas and is described as
follows:
Section 23, Abstract 1573, Block 4, Xxxxxx County, Texas being 640
acres of land, more or less.
WHEREAS, the Lease executed by Xxxxxx X. Xxxxx, et al. Covers the
following described lots, tracts or parcels of land hereinafter
called "Assigned Premises," and situated in Xxxxxx County, Texas as
described as follows:
First Tract: All of the North 80 acres, more or less, of Survey No.
1, Certificate No. 00/543, Abstract No. 670, Original Grantee,
T.W.N.G.R.R. Co., and patented to Xxxxxxx Xxxxxxxx by Patent No.
407, volume 29, dated September 11, 1877, and containing 640 acres,
more or less, said patent to said land being of record in volume 1,
Page 194 of the Patent Records of Xxxxxx County, Texas, for more
complete description of said lands by metes and bounds.
Second Tract: All of Survey No. 2, Certificate No. 1306, Abstract
No. 1074, X.X. Xxxx, Original Grantee, patented to G. .Xxxxx Xxxxxx
by Patent No. 62, Vol. 31, on January 10, 1906 for 570.60 acres of
land, described by metes and bounds as follows:
BEGINNING at the N.W. corner of Sur. No. 8S.P. Ry. Co.;
THENCE E. 680 vrs. to W. line of No. 7;
THENCE N. 29-3/5 vrs. to its N.W. corner;
THENCE E. 190-1/2 vrs. to W. line of Sur. No. 50, X.X.Xxxxxx;
THENCE N. 34-/12 vrs. to its N.W. corner;
THENCE E. 6-1/2 vrs. to its N.E. corner;
THENCE N 1 deg. E. with W. line of Sur. 49 X. Xxxxx, 1800 vrs. to S.
E. corner of Sur. 21, X. X. Xxxxxxx;
THENCE W. 1576 vrs. to E. line of No. 10, T.W.N.G. Ry. Co.;
THENCE S. 23-1/2 vrs. to its S. E. corner;
THENCE W. 380 vrs.;
THENCE S. 953-1/2 vrs. to N. line of No. 14;
THENCE E. 382-1/2 vrs. to its N. E. corner;
THENCE S. 887 vrs. to the place of BEGINNING.
Third Tract: All of Survey No. 3, Abstract No. 1478, patented to X.
Xxxxx Xxxxxx by patent No. 398, Volume 48, dated June 26, 1914, and
recorded in Volume 2, Page 166, of the Patent Records of Xxxxxx
County, Texas, to which said patent and the record thereof is herein
referenced for more complete description of said lands by metes and
bounds, containing 52-1/2 acres of land, more or less.
Fourth Tract: Being 181.61 acres out of and a part of Survey No.
50-1/2, Certificate No. 36/15, Abstract No. 1250, Original Grantee,
Xxxx X. Xxxxxxx, and patented to X. Xxxxx Xxxxxx by Patent No. 220,
Volume 8, dated March 13, 1896, and containing 204-1/2 acre of land,
more or less. Said patent being recorded in Volume 1, Page 191 of
the Patent Records of Xxxxxx County, Texas.
Fifth Tract: Being 274.31 acres of land, more or less, out of Survey
No. 14, Abstract No. 1418, Certificate No. 5351, Original Grantee,
X. Xxxxx Xxxxxx , patented to X. Xxxxx Xxxxxx by Patent No. 399,
Volume 48, dated June 27, 1914, recorded in Volume 2, Page 167 of
the Patent Records of Xxxxxx County.
WHEREAS, Xxxxxxxx has agreed to assign and does by these presents
assign to West Bolt Energy, Inc., whose address is 0000 Xxxxx 0xx
Xxxxxx, Xxx Xxxxx Xxxxx, Xxxxxxx, XX 00000, hereinafter referred to
as "Assignee, " all of Assignor's right, title, and interest in the
Assigned Premises.
NOW, THEREFORE, for and in consideration of Ten and No/100 Dollars
($10.00), the receipt by the Assignor of Two Hundred Ninety-Nine
(299,999) shares of common stock of the Assignee whose par value is
$.001 per share at a transactional value of $ , and
other good and valuable consideration receipt and sufficiency is
hereby acknowledged by the Assignee. The Assignor hereby Bargains,
Sells, Transfers, Conveys and Assigns unto Assignee, all right,
title and interest in and to the Assigned Premises.
It is expressly understood that Assignee assumes all of Assignor's
duties, rights and obligations in connection with the Assigned
Premises and described xxxxx including, but not limited to, the
plugging and abandoning of said xxxxx, and Assignee further agrees
to file or cause to be filed, all necessary documents to effect said
assumption.
For the same consideration, the said Assignor hereby covenants for
itself and its successors and assigns with the said Assignee and its
successors and assigns that the said Assignee is the lawful owner of
the aforesaid leases, warrants title and possession to the properly
herein assigned as of the date and time of execution of this
instrument, and that the said leases are conveyed hereby free and
clear of all liens and encumbrances. The Assignor further covenant
that the Assignor shall warrant and forever defend the title in and
to such oil, gas and mineral leases to said Assignee.
In testimony whereof, I have hereunto set my hand on this the 15th
day of March, 1996.
Pilares Oil & Gas, Inc.
By: /s/Xxxxxxx X. Xxxxxxxx
Xxxxxxx X. Xxxxxxxx, President
THE STATE OF TEXAS *
*
COUNTY OF XXXXXX *
THIS IS TO CERTIFY that the foregoing instrument was acknowledge
before me on 15th day of March, 1996, by Xxxxxxx X. Xxxxxxxx, of
Pilares Oil & Gas, Inc., a corporation, on behalf of said corporation.
/s/Xxxxxxx X. Xxxxx
Notary Public
Xxxxxxx X . Xxxxx
[NOTARY SEAL]
