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REAL ESTATE PURCHASE CONTRACT <br />This Real Estate Purchase Contract (the "Agreement") is entered into effective <br />November 24, 2008, by and between SALLY H. MCCOY and WILLIAM MCCOY, husband <br />and wife (8.33%), HARPER SIX FAMILY LIMITED PARTNERSHIP, a Texas limited <br />partnership (41.67%), DONALD G. WILSON, TRUSTEE OF THE DONALD GRANT <br />WILSON 1998 TRUST (21 H. GREGORY WILSON, TRUSTEE OF THE HOUSTON <br />GREGORY WILSON 1998 TRUST (21%), HOUSTON DAVID HARRISON and KATHLEEN <br />HARRISON, husband and wife (6.24%), and DONALD G. WILSON (0.88%) and BARBARA <br />H. WILSON (0.88%), husband and wife (collectively, "Seller'l, and ROCKY BLUFF, L.L.C., <br />an Oklahoma limited liability company, or its assigns ("Buyer'~. <br />R E C I T A L S: <br />A. Seller granted to Standridge Development ("Standridge'~, affiliate of Buyer, an <br />option to purchase the following real property, pursuant to a certain Option to Purchase Real <br />Estate (the "Option') by and between Seller and Standridge, as amended: <br />(i) approximately 2.5 acres of land located in the City of Paris, Lamar <br />County, Texas, being more particularly described on Exhibit "A" <br />attached hereto, BUT LESS AND EXCEPT all right, title and interest of <br />Seller, if any, in and to all of the oil, gas, coal, metallic ores and other <br />minerals in, under and that may be produced from all of such land, and all <br />rights, interests and estates pertaining thereto (but excluding all rights of <br />surface entry) (the "Land'~; and <br />(ii) all right, title and interest of Seller in and to all streets, alleys, easements <br />and rights-of-way in, on, across, in front of, abutting or adjoining the Land <br />and any other appurtenances belonging thereto (collectively the <br />"Appurtenances'~. <br />The Land and Appurtenances are hereinafter collectively called the "Property". <br />B. Standridge has assigned the Option to Buyer. Buyer has notified Seller of <br />Buyer's election to exercise its right to purchase the Property in accordance with the Option, and <br />Seller and Buyer desire to enter into this Agreement for purposes of setting forth the terms and <br />conditions for Seller's sale of the Property to Buyer. <br />A G R E E M E N T S: <br />In consideration of the covenants contained herein and for other valuable consideration, <br />the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as <br />follows: <br />Article 1- Agreement to Buv and Sell <br />Seller hereby agrees to sell the Property to Buyer, and Buyer hereby agrees to purchase <br />the Property from Seller, subject to the terms and conditions of this Agreement. <br />GADOCS\ZWA\S&J\Paris\Purchase Contract-1dce <br />-1- <br />- -~182 <br />