Option to Acquire Oil & Gas Leases Sample Contracts

COUNTY OF HAAKON § COUNTY OF MEADE § COUNTY OF PENNINGTON §
Option to Acquire Oil & Gas Leases • April 28th, 2015 • Empire Petroleum Corp • Crude petroleum & natural gas • Colorado

This Option to Acquire Oil & Gas Leases (this “Agreement”) is entered into effective as of April 14, 2015, by and between Empire Petroleum Corporation, a Delaware corporation (“Empire”), and Dennis Anderson (“Dennis”), Lazy BS, LLP, a South Dakota limited liability partnership (“LBSP”), Boot Jack Partnership, a South Dakota general partnership (“BJP”), Stan Anderson (“Stan”), Bart Cheney (“Bart”), Scot Eisenbraun (“Scot”), Jem Kjerstad (“Jem”), Kem Kjerstad (“Kem”), Kent Kjerstad (“Kent”) and Kevin Kjerstad (“Kevin”). Dennis, Stan, LBSP, BJP, Bart, Scot, Jem, Kem, Kent and Kevin are sometimes collectively referred to herein as the “BHPP Group” and individually as a “BHPP Group Member.”

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COUNTY OF HARDING §
Option to Acquire Oil & Gas Leases • May 11th, 2015 • Empire Petroleum Corp • Crude petroleum & natural gas • Colorado

This Option to Acquire Oil & Gas Leases (this “Agreement”) is entered into effective as of April 30, 2015, by and between Empire Petroleum Corporation, a Delaware corporation (“Empire”), and Dennis Anderson (“Dennis”) and Stan Anderson (“Stan”). Dennis and Stan are sometimes collectively referred to herein as the “Anderson Brothers” and individually as an “Anderson Brother.”

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