▇▇▇▇ OF SALE AND ASSIGNMENT
This ▇▇▇▇ of Sale and Assignment (this "Agreement") is made and entered
into as of May 14, 1998, by ▇▇▇▇▇ ▇. ▇▇▇▇▇▇, R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ ▇.
▇▇▇▇▇▇ (collectively, "Assignors") for the benefit of Frontier Natural Gas
Corporation, an Oklahoma corporation ("Assignee"). As contemplated by that
Exchange Agreement, dated as of May 13, 1998, by and among Assignors and
Assignee and as a contribution to the capital of Assignee, Assignors hereby
grant, bargain, convey, assign, transfer, set over and deliver unto Assignee
all of their respective right, title and interest in all overriding royalty
interests an/or working interests ("ORRI/WIs") in, to and under those oil and
gas properties being conveyed by Aspect Resources LLC ("Aspect") to Assignee
under that certain Acquisition Agreement and Plan of Exchange, dated as of
January 19, 1998, by and among Assignee, Esenjay Petroleum Corporation
("Esenjay") and Aspect, free and clear of any and all liens, claims or
encumbrances.
Assignors hereby agree TO HAVE AND TO HOLD the ORRI/WIs unto Assignee,
its successors and assigns, forever; and Assignors do hereby bind themselves
and their heirs, legal representatives and assigns to WARRANT AND FOREVER
DEFEND all and singular the ORRI/WIs unto Assignee, its successors and
assigns, against every person whomsoever lawfully claiming or to claim the
same or any part thereof. Assignors hereby agree to execute any and all
additional instruments, documents and certificates and to take any and all
further actions requested by Assignee to effect the transfer of and to vest
title in, or for aiding and assisting in collecting and reducing to
possession, any and all of the ORRI/WIs in Assignee.
This Agreement shall (i) be binding upon Assignors and their heirs,
legal representatives and assigns, (ii) inure to the benefit of and be
enforceable by Assignee, its successors and assigns, and (iii) be construed
and enforced in accordance with the laws of the State of Texas.
IN WITNESS WHEREOF, this Agreement is executed by and between the
parties hereto as of May 14, 1998.
ASSIGNORS:
/s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Signed documents being
held in escrow by ▇▇▇▇▇▇▇
▇▇▇▇▇ pending delivery of /s/ R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
stock certificates for Messrs. ---------------------------------
▇▇▇▇▇▇, ▇▇▇▇▇▇ and ▇▇▇▇▇▇ R. ▇▇▇▇▇▇▇ ▇▇▇▇▇▇
to ▇▇. ▇▇▇▇▇
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
---------------------------------
▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
