0000950152-07-008467 Sample Contracts

FORM OF JOINT DRILLING AND OPERATING AGREEMENT
Joint Drilling and Operating Agreement • November 1st, 2007 • NGAS Resources Inc • Crude petroleum & natural gas • Kentucky

This JOINT DRILLING AND OPERATING AGREEMENT is entered into as of ___, 200___by and between NGAS Partners ___Drilling Program, a Kentucky general partnership (the “Program”), and Daugherty Petroleum, Inc., a Kentucky corporation (“DPI”).

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FORM OF ASSIGNMENT OF DRILLING RIGHTS
Assignment of Drilling Rights • November 1st, 2007 • NGAS Resources Inc • Crude petroleum & natural gas • Kentucky

This ASSIGNMENT OF DRILLING RIGHTS is entered into as of ___, 200___by and between NGAS Partners ___Drilling Program, a Kentucky general partnership (the “Program”), and Daugherty Petroleum, Inc., a Kentucky corporation (“DPI”).

FORM OF AGREEMENT OF LIMITED PARTNERSHIP OF NGAS PARTNERS ______, LTD
Limited Partnership Agreement • November 1st, 2007 • NGAS Resources Inc • Crude petroleum & natural gas • Kentucky

This AGREEMENT OF LIMITED PARTNERSHIP of NGAS Partners ___, Ltd., a Kentucky limited partnership (the “Partnership”), is entered into as of ___, 200___by and among the Partnership, Daugherty Petroleum, Inc., a Kentucky corporation (“DPI”), as the managing general partner (the “Managing General Partner”), ___, as the original and withdrawing limited partner (the “Initial Limited Partner”), the persons listed in Schedule A, as limited partners (the “LP Unitholders”), and the persons listed in Schedule B, as non-managing general partners (the “GP Unitholders” and, collectively with the LP Unitholders, the “Unitholders”).

FORM OF PARTNERSHIP AGREEMENT OF NGAS PARTNERS ______ DRILLING PROGRAM
Partnership Agreement • November 1st, 2007 • NGAS Resources Inc • Crude petroleum & natural gas • Kentucky

This PARTNERSHIP AGREEMENT (the “Agreement”) of NGAS Partners ___Drilling Program (the “Program”) is entered into as of ___, 200___by and between Daugherty Petroleum, Inc., a Kentucky corporation (“DPI”), and NGAS Partners ___, Ltd., a Kentucky limited partnership (the “Partnership”).

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