0001144204-10-003271 Sample Contracts

January 19, 2010
Purchase and Sale Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas

Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Purchase Agreement.

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January 19, 2010
Letter Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas

Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the PSA.

January 19, 2010
Purchase and Sale Agreement • January 22nd, 2010 • Reef Oil & Gas Income & Development Fund III LP • Crude petroleum & natural gas

Reference is made to that certain Purchase and Sale Agreement dated December 18, 2009 and effective as of December 1, 2009 by and between RCWI, L.P. (“Buyer”) and Azalea Properties, Ltd. (“Seller”) providing for the purchase by Buyer of certain assets of Seller (the “PSA”). All capitalized terms used herein and not otherwise defined shall have the meanings set forth in the PSA.

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