THIS ASSIGNMENT MADE EFFECTIVE THE 4th DAY OF APRIL, 2006.
TRANSPACIFIC PETROLEUM LTD.
of Richmond, in the Province of British Columbia
(hereinafter called “the Assignor”)
MOGUL ENERGY LTD.
of Vancouver, in the Province of British Columbia
MOGUL ENERGY INTERNATIONAL, INC.
of Seattle, in the State of Washington, U.S.A.
(hereinafter called “the Assignee”)
WHEREAS the Assignor did lease mineral interests in lands as listed on the attached Schedule ‘A’ (Leases), and
the Assignor has agreed to assign unto the Assignee a portion of the interests in its right, title, estate and interest
in, to and under the said Leases.
NOW, THEREFORE, in consideration of the premises and the payment by the Assignee to the Assignor of the
sum of -----One Dollar-------- 00/100 ($ 1.00 ) (the receipt of which sum is hereby acknowledge), THIS
The Assignor hereby transfers, assigns and sets over unto the Assignee its right, title and interest in,
to and under the said Leases and in every extension or renewal thereof and in all benefit and advantage to be
derived therefrom in the following proportions:
Mogul Energy Ltd. - 25%
Mogul Energy International, Inc. - 50%
The Assignor shall retain 25% interest in said Leases.
The Assignor covenants that it has not transferred, assigned, hypothecated or otherwise parted with
any of its interest in the said Leases and that, subject to the terms and provisions of the said Leases, it now has
good right, full power and absolute authority to transfer, set over and assign its interest in the said Leases to the
Assignee in the manner aforesaid according to the true intent and meaning of this assignment.
Subject to the performance by the Assignee of the covenants and conditions contained in the said
Leases, the Assignee shall hold and enjoy the interest conveyed to it hereunder for the residue of the term of the
said Leases and every extension or