AGREEMENT FOR CONDITIONAL OPTION FOR EXCHANGE OF NET PROFITS INTEREST FOR CONVERTIBLE PREFERRED STOCKConditional Option Agreement for Exchange of Net Profits Interest for Convertible Preferred Stock • March 31st, 2008 • Tengasco Inc • Crude petroleum & natural gas • Tennessee
Grantee's agreement to receive a net profits interest in a methane extraction project of Manufactured Methane Corporation as set out in conveyance dated September 17, 2007 from Manufactured Methane Corporation to Grantee (the "Net Profits Interest") which interest is to be reduced if certain sums are received by Grantee as set out in the Net Profits Interest; and
