ASSIGNMENT OF CONTRACTAssignment of Contract • May 13th, 2011 • XNE, Inc. • Communications services, nec
For and inconsideration of the mutual promises made herein and other valuable consideration, the receipt of which is hereby acknowledged, New Western Energy Corporation, a Nevada corporation (“Assignor”), hereby assigns all of its right, title, and interest in and to the Joint Venture Contract and Operating Agreement entered into by and between Assignor and RC Oil Co., Inc., dated October 8, 2009, and amendments thereto (collectively referred to as “Doshier Contract”) to XnE Inc., a Nevada corporation (“Assignee”). A true and correct copy of the Doshier Contract is attached hereto marked as Exhibit “A” and incorporated herein by this reference as though fully set forth. The Assignment consists of a 75% leasehold interest in an oil lease and the corresponding net revenue as described in Exhibit A and Exhibit “B” attached herein and incorporated herein by this reference.
