AgEagle Aerial Systems Inc. — Director's Dealing 2010

Sep 23, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EnerJex Resources, Inc. (ENRJ)
CIK: 0000008504
Period of Report: 2010-01-20

Reporting Person: WEST COAST OPPORTUNITY FUND LLC (10% Owner)
Reporting Person: WEST COAST ASSET MANAGEMENT INC (10% Owner)
Reporting Person: Lowe R Atticus (10% Owner)
Reporting Person: Helfert Lance W (10% Owner)
Reporting Person: Orfalea Paul J (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-20	Common Stock	J	2816	$0.00	Acquired	956914	Direct
2010-01-20	Common Stock	J	30	$0.00	Acquired	956944	Direct
2010-06-23	Common Stock	J	2443	$0.00	Acquired	959387	Direct
2010-09-20	Common Stock	J	4005	$0.00	Acquired	963392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-01	Common Stock	$3.00	D	1645362	Disposed	2010-09-30	Common Stock (565546)	Direct

Footnotes

F1: West Coast Opportunity Fund (the "Fund") received shares of common stock as a payment-in-kind dividend with regard to shares of common stock owned by the Fund. This dividend is exempt from Section 16 because it applied equally to all securities in the class.

F2: The conversion feature of the Debenture was cancelled by mutual agreement of the Fund and Issuer on April 1, 2010. Because the Fund received no value in exchange for this cancellation, the disposition is exempt from Section 16(b) pursuant to Rule 16b-6(d) and exempt from reporting requirements by virtue of Rule 16a-4(d), and is being reported here for informational purposes only.