Oil & Gas Leases and Related Assets in Kansas

Sale of oil & gas interests located in Anderson County, Kansas owned by Lavery Oil, LLC, Chris Martin, and Martin Oil. The Sale Assets also includes:

• Leases. All of Sellers' right, title and interest in the oil and gas leases described in Exhibit A, including the wells, pumps, downhole equipment, tanks, electric lines and junction boxes, flow lines, injection lines, equipment and fixtures thereon; and including, but not limited to, working interests, overriding royalty interests, production payments, operator's liens and/or security interests, rights to production and/or proceeds thereof with respect to any interests of others in or to any of the leases and or the oil, gas or other substances produced from said leases.
• Operating Company. All physical assets used in the operation of the leases for the production, storage and marketing of oil, gas and any other substances covered by the leases including vehicles and operating equipment owned by Sellers and used in conducting operations on the leases.
• Inventory. Inventory of parts, supplies and other personal property owned by Sellers and located on the leases or stored elsewhere to be used on the leases as of (date): April 1, 2018.
• Lease Records. All operating records maintained by Sellers pertaining to the leases and previous operations conducted thereon.
• Warranties. Sellers will warrant that title to the Property is assigned, sold and conveyed to Buyers free and clear of liens, encumbrances and adverse claims except such as may be noted in the Purchase Agreement. Except for warranty of title, all wells, fixtures, equipment and personal property will be sold "as is" and "where is" and there are no other warranties, expressed or implied, such as but not limited to warranty of merchantability or fitness for a particular purpose. Sellers do not warrant the quantity or quality of oil, gas or other substances that may be produced from the leased premises.

Assets for sale is more described in attached PDF.