March 21, 2012 John P. Barton, Chairman Rockdale Resources, Inc. 11044 Research Blvd. Suite A-200 Austin, Texas 78759 RE: Letter of Agreement for Farmout of Milam County “Airport Lease” Dear John,Farmout Agreement • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings • Texas
As we have discussed, this letter outlines the agreement between Rockdale Resources, Inc., (“Rockdale”) and Kingman Operating Company, Inc., (“Kingman”) whereby (a) Kingman will farmout its leasehold rights in 200 acres under that certain Paid Up Oil and Gas Lease described below, (b) Rockdale will have an exclusive option to farmout an additional 300 acres of Kingman’s leasehold rights under that Paid Up Oil and Gas Lease, (c) Kingman will serve as the operator for the wells drilled on the aforementioned 200-acres and 300-acres and will drill all such wells on a turn-key basis, (d) Rockdale will assign to Kingman a 10% working interest in each such well after “Payout” (defined herein), (e) Rockdale will convey to Kingman 1.6 million shares of Rockdale’s capital stock, (f) Rockdale will pay the expense of office space for Kingman in Austin, Texas for a period of time, and (g) Rockdale and Michael Smith will enter into an employment agreement whereby Mr. Smith will serve as CEO of Rockd
SINGLE OWNER TURNKEY DRILLING & OPERATING AGREEMENTSingle Owner Turnkey Drilling & Operating Agreement • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings • Texas
This agreement is made and entered into as of the 31st day of March, 2012 (“Effective Date”) by and between ROCKDALE RESOURCES, INC., (“Owner”), a Colorado corporation, and KINGMAN OPERATING COMPANY, INC., (“Operator”), a Texas corporation.
AGREEMENT FOR CONSULTING SERVICESConsulting Agreement • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings
This Agreement is entered into as of May 1, 2012, between Energy Capital Partners, LLC (“Consultant”), and ROCKDALE RESOURCES CORPORATION (“Company”).
ASSIGNMENT AND BILL OF SALEAssignment and Bill of Sale • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings
THIS ASSIGNMENT AND BILL OF SALE (“Assignment”) is effective the 20th day of March, 2012 at 12:00 a.m. (the “Effective Time”), by and between Kingman Operating Company, Inc., a Texas corporation with an office at 1202 Richardson Drive, Suite 111, Richardson, Texas 75080 (“Assignor”), and Rockdale Resources Corporation, a Texas corporation with an office at 11044 Research Blvd, Suite A-200, Austin, TX 78759, (“Assignee”).
PAID UP OIL AND GAS LEASEOil and Gas Lease • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings
THIS LEASE AGREEMENT is made as of the 20th day of June, 2011, between NOACK FARMS, LLC, as Lessor (whether one or more), who’s address is 2711 Dali, Dallas, Texas 75287.
OFFICER EMPLOYMENT AGREEMENTOfficer Employment Agreement • August 14th, 2013 • Rockdale Resources Corp • Wholesale-furniture & home furnishings
This Agreement is entered into as of February 1, 2013, between Marc Spezialy (“Officer”), and ROCKDALE RESOURCES CORPORATION (“Company”).
