65% Uses in Assignment of Certain Leases to WILLC and Viking Clause

Assignment of Certain Leases to WILLC and Viking from Agreement

THIS AGREEMENT (the "Agreement") is entered into this 1st day of May, 2014 ("Effective Date"), by and among ENERJEX KANSAS, INC., a Nevada corporation ("EnerJex"), WORKING INTEREST, LLC, a Kansas limited liability company ("WILLC"), VIKING ENERGY PARTNERS, LLC, a Texas limited liability company ("Viking"), and COAL CREEK ENERGY, LLC, a Kansas limited liability company ("Coal Creek", and together with EnerJex, WILLC, and Viking, individually a "Party" and collectively the "Parties").

Assignment of Certain Leases to WILLC and Viking. At closing of this Agreement, Coal Creek shall execute and deliver to WILLC and Viking its assignment, in the form attached hereto as Exhibit E, assigning to WILLC an undivided sixty-five percent (65%) of its right, title, and interest, and to Viking an undivided thirty-five percent (35%) of its right, title, and interest in and to the oil and gas leases described on Exhibit F attached hereto, except any overriding royalty interests of record. Such assignment shall be without warranty of title or warranties of any kind, and shall be "as is, where is" with respect to machinery, equipment, and other tangible personal property assigned thereunder; provided, however, that the assignor shall warranty that the interests assigned are free and clear of any encumbrances arising by or through assignor. Swap Agreement May 13, 2014