ASSIGNMENTAssignment • December 14th, 2007 • Western Standard Energy Corp. • Oil & gas field exploration services
Coastal Petroleum Company (the “Assignor”), a Florida corporation, whose address is Post Office Box 609, Apalachicola, Florida 32329, for and in consideration of the sum of Forty Thousand ($40,000.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, does hereby GRANT, BARGAIN, SELL, TRANSFER, ASSIGN, and CONVEY unto Western Standard Energy Corp. (the “Assignee”), a Nevada Corporation, whose address is 2 Sheraton Street, London, W1F 8BH, United Kingdom, all of its rights, which is one hundred percent (100%) of 8/8ths right, title, interest and estate, in and to the Oil and Gas Lease described in Exhibit “A” (the “Described Leases”) attached hereto and made a part hereof, together with the residue unexpired of the terms of the Described Leases and all the benefits and advantages to be derived therefrom, saving and excepting the royalty accorded to the Lessor in the Described Leases.
