JOINT OWNERSHIP AGREEMENTJoint Ownership Agreement • July 17th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas • Texas
THIS JOINT OWNERSHIP AGREEMENT (this “Agreement”), entered into this 15th day of July, 2009, by and between Seminole Gas Company, L.L.C. (“Seminole”) and NGAS Gathering II, LLC, a Kentucky limited liability company (“NNG”), also hereinafter referred to individually or collectively as “Owner” or “Owners” or “Party” or “Parties”, respectively.
SPECIAL PROVISIONS FOR NAESB BASE CONTRACT FOR SALE AND PURCHASE OF NATURAL GASSpecial Provisions for Naesb Base Contract for Sale and Purchase of Natural Gas • July 17th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas • Texas
Seminole Energy Services, LLC (“Buyer”) and Daugherty Petroleum, Inc. (“Seller”) hereby agree as of July 15, 2009 (the “Effective Date”) to the following Special Provisions, which hereby amend and modify the NAESB Base Contract for Sale and Purchase of Natural Gas (including the General Terms and Conditions) (the “Base Contract”) executed by the parties on July 15, 2009. All capitalized terms, unless otherwise defined herein, have the meanings set forth in the Base Contract.
GAS GATHERING AGREEMENTGas Gathering Agreement • July 17th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas • Texas
THIS GAS GATHERING AGREEMENT (this “Agreement”), dated effective July 15, 2009 (the “Effective Date”), is by and among (i) NGAS Gathering II, LLC, a Kentucky limited liability company (“NNG”) and Seminole Gas Company, L.L.C., an Oklahoma limited liability company (“Seminole”), (NNG and Seminole are referred to herein collectively as the “Gathering System Owners”) and (ii) Seminole Energy Services, LLC, an Oklahoma limited liability company (“Shipper”). Gathering System Owners and Shipper are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
OPTION AGREEMENTOption Agreement • July 17th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas
This OPTION AGREEMENT (this “Agreement”) is made as of the 15th day of July, 2009, by and among Seminole Energy Services, LLC, an Oklahoma limited liability company (“SES”), NGAS Gathering, LLC, a Kentucky limited liability company (“NGL”), Daugherty Petroleum, Inc., a Kentucky corporation (“DPI”), and NGAS Gathering II, LLC, a Kentucky limited liability company wholly owned by DPI (“New NGAS Gathering”). SES, NGL, DPI and New NGAS Gathering are sometimes referred to herein individually as a “Party” and collectively as the “Parties.” Other capitalized terms used herein and not defined below shall have the respective meanings set for the in the Purchase Agreement (as hereinafter defined).
FIRST AMENDMENT TO ASSET PURCHASE AGREEMENTAsset Purchase Agreement • July 17th, 2009 • NGAS Resources Inc • Crude petroleum & natural gas
This FIRST AMENDMENT TO ASSET PURCHASE AGREEMENT (this “Amendment”) is made as of the 10th day of July, 2009, by and among Seminole Gas Company, L.L.C., an Oklahoma limited liability company (the “Buyer”), NGAS Gathering, LLC, a Kentucky limited liability company (“NGL”), Daugherty Petroleum, Inc., a Kentucky corporation (“DPI” and, collectively with NGL, the “Sellers”), and NGAS Gathering II, LLC, a Kentucky limited liability company wholly owned by DPI (“New NGAS Gathering”). Sellers and Buyer are sometimes referred to herein individually as a “Party” and collectively as the “Parties.”
