0001104659-04-029220 Sample Contracts

PURCHASE AGREEMENT
Purchase Agreement • September 30th, 2004 • Slough Estates Usa Inc • Crude petroleum & natural gas • Illinois

This Purchase Agreement (the “Agreement”) is by and between the seller identified on Schedule A attached hereto (“Seller”), located at the address shown below the Seller's signatures herein, and certain investment advisory client accounts of Wellington Management Company, llp, identified on Schedule B attached hereto (individually, a “Purchaser,” and, collectively, the “Purchasers”), c/o Wellington Management Company, llp, 75 State Street, Boston, Massachusetts 02109, Facsimile No. 617-204-7535, relating to the sale of an aggregate of 1,500,000 shares of common stock of Tipperary Corporation (the “Company”) owned by the Seller to the Purchasers in the amounts reflected on Schedule A (collectively, the “Shares”), subject to the terms set forth herein. Pursuant to this Agreement, the Purchasers agree to purchase, in the aggregate, from the Seller on the Settlement Date, as defined below, such number of Shares as is set forth in Schedule A at the Purchase Price, as defined below.

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JOINT FILING AGREEMENT
Joint Filing Agreement • September 30th, 2004 • Slough Estates Usa Inc • Crude petroleum & natural gas

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, as amended, each of the undersigned does hereby consent and agree to the joint filing on behalf of each of them of a Statement on Schedule 13D and all amendments thereto with respect to the Common Stock, par value $0.02 per share, of Tipperary Corporation beneficially owned by each of them, and to the inclusion of this Joint Filing Agreement as an exhibit thereto.

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