Assignment
THIS ASSIGNMENT, made and entered into this 10th day of May 2018 by and betweenSoligen Technologies, Inc.whose address is Pennzoil Plza. Bldg., Suite 1300, 700 Milam St., Houston, TX 77002, hereinafter referred to as Assignor, andUS Natural Gas Corp KYwhose address is 244 2nd Ave N., Suite 9, St. Petersburg, FL 33701 hereinafter referred to as Assignee.
WITNESSETH, that for and in consideration of the sum of One Dollar ($1.00) and other good and valuable considerations, all of which is hereby acknowledged, Assignor does by these presents assign, convey, transfer, and set over unto Assignee a thirty percent (30%) royalty of the gross proceeds of production from the acquired assets shown on Exhibit A. In addition, Assignee shall receive ten percent (10%) of the monthly gross proceeds of production from any new drilled wells on the acquired leases shown on Exhibit A. Assignee shall receive payments from production until such time that Assignee has received a total of One Hundred Forty Thousand and no/100 Dollars ($140,000.00). At that time, the Assignee shall receive no additional royalty payments.
IN WITNESS WHEREOF, the Assignor has executed this assignment on the day and year first above written.
| | SOLIGEN TECHNOLOGIES, INC. |
| | | |
| | | /s/ Gary Grimshaw |
| | By: | Gary Grimshaw |
| | Title: | President |
STATE OF FLORIDA
COUNTY OF ______________
On the _______ day of _________, 2018 before me personally appeared Gary Grimshaw, who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed for the purposes therein contained.
WITNESS my hand and seal this ______ day of _________, 2018.
My Commission expires______________________
| | US NATURAL GAS CORP KY |
| | | |
| | | /s/ Wayne Anderson |
| | By: | Wayne Anderson |
| | Title: | President of Managing Member |
STATE OF Florida
COUNTY OF Pinellas
On the _______ day of _________, 2018 before me personally appeared Jimmy Wayne Anderson, who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed for the purposes therein contained.
WITNESS my hand and seal this ______ day of _________, 2018.
My Commission expires______________________
THIS INSTRUMENT PREPARED BY:
US Natural Gas Corp KY
244 2nd Ave N., Suite 9
St. Petersburg, FL 33701
EXHIBIT A
| WHITLEY COUNTY, KENTUCKY WELLS |
| WELL NAME | | TOTAL DEPTH (a) | | STATUS (b) | | PRODUCT (c) |
| HOBERT WHITE #1 | | 1303 | | SI | | NG |
| MILTON HARMON #1 | | 1758 | | SI | | NG |
| SOUTH CENTRAL KENTUCKY OIL WELLS |
| WELL NAME | | COUNTY | | TOTAL DEPTH (a) | | STATUS (b) | | PRODUCT (c) |
| JAMES BRUMMETT #1 | | ADAIR | | 1562 | | SI | | O |
| JAMES BRUMMETT #2 | | ADAIR | | 1439 | | SI | | O |
| JASON CAMFIELD #1 | | ADAIR | | 750 | | SI | | O |
| J.C. LASLEY #1 | | ADAIR | | 1620 | | SI | | O |
| J.C. LASLEY #1A | | ADAIR | | 1565 | | SI | | O |
| J.C. LASLEY #2 | | ADAIR | | 1574 | | SI | | O |
| J.C. LASLEY #5 | | ADAIR | | 1657 | | SI | | O |
| COLBY SMITH #1 | | ADAIR | | 1680 | | SI | | O |
| D&M FARMS #1 | | HART | | 2250 | | SI | | O |
| RANDY HATCHER #1 | | ADAIR | | 1574 | | SI | | O |
| TROY ISOM #1 | | MORGAN | | 1705 | | SI | | NG |
| (a) - | Total Depth as per completion report |
| (b) - | Status |
| | i) PR - In Production |
| | ii) PL - Plugged |
| | iii) SI - Shut-In |
| (c) - | Product |
| | i) O - Oil production |
| | ii) NG - Natural Gas production |
| | iii) O/NG - Both Oil & Natural Gas production |
