STRICTLY CONFIDENTIAL December 12, 2022 Alchemist Energy, LLC Attn: Billy Hannes Irving, Texas 75062 Re: Assignment of Leasehold Interests Loving and Ward Counties, Texas – Atlanta Unit Wells Mr. Hannes:Assignment of Leasehold Interests • February 13th, 2023 • Barnwell Industries Inc • Crude petroleum & natural gas • Texas
Per the terms of this letter agreement (this “Agreement”), Alchemist Energy LeaseCo, LP (“Seller”) agrees to sell, and Barnwell Texas, LLC (“Buyer”), agrees to buy, the following (such assets, less and except the Excluded Assets, collectively the “Assets”):
