0000950123-10-057590 Sample Contracts

ASSET SALE AGREEMENT between AMERICAN OIL & GAS INC., a Nevada corporation and NORTH FINN LIMITED LIABILITY COMPANY a Wyoming limited liability company (the “Sellers”) and CHESAPEAKE AEZ EXPLORATION, L.L.C. (the “Buyer”) March 19, 2010
Asset Sale Agreement • June 11th, 2010 • American Oil & Gas Inc • Crude petroleum & natural gas • Wyoming

THIS ASSET SALE AGREEMENT (this “Agreement”) is entered the 19th day of March, 2010, between AMERICAN OIL & GAS INC., a Nevada corporation, whose address is 1050 17th Street, Suite 2400, Denver, CO 80265, and NORTH FINN LIMITED LIABILITY COMPANY, a Wyoming limited liability company, whose address is 950 Stafford, Casper, WY 82609 (each a “Seller” and collectively, the “Sellers”), and CHESAPEAKE AEZ EXPLORATION, L.L.C., an Oklahoma limited liability company, whose address is 6100 North Western Avenue, Oklahoma City, OK 73118 (the “Buyer”).

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