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HomeMy WebLinkAbout909316 <. i]0495 ASSIGNMENT OF OVE~ING ROYALTY INTEREST I{lt0:1.931 KNOW ALL MEN BY THESE PRESENTS, That Baseline Minerals, Inc. of 1645 Court Place, Suite 422, Denver, CO 80202, hereinafter called Assignor, for and consideration of the sum of TEN and MORE Dollars, ($10.00 and More), cash in hand paid and other good and valuable consideration, the receipt of which is hereby acknowledged, does hereby grant bargain, sell, convey, transfer, assign and deliver to the following Assignees: Joseph W. Thames C/O Baseline Minerals, Inc 1645 Court Place #422 Denver, CO 80202 Stacie L. Kerber 5161 West Tufts Ave. Denver, CO 80236 David R. Smith C/O Baseline Minerals, Inc. 1645 Court Place, #422 Denver, CO 80202 50% 12.5% 12.5% RECEIVED 6/17/2005 at 3:32 PM RECEIVING # 909316 BOOK: 588 PAGE: 495 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMFRER, WY XL Land, LLC C/O Baseline Minerals, Inc. 1645 Court Place, #422 Denver, CO 80202 12.5% David McKee 52 Howe Lane Hollis, NH 03049 12.5% in the proportions set forth above, 100% interest in all of the Overriding Royalty Interest (Override) currently owned by Assignor in the leases and lands set forth on the attached Exhibit "A" (The Leases). Assignor, for itself, its successors and assigns, does covenant with the said Assignees, its successors and assigns, that it is the lawful owner of the rights and interests hereunder, insofar as conveyed by this instrument, that Assignor has good right and authority to sell and convey the same, and that said rights, interests and properties are free and clear of all liens and encumbrances affecting said rights. The Override is assigned free and clear of all drilling, testing, equipping, completing and operating costs and expenses. However, the Override shall be subject to all taxes which are applicable to the Override or the production which is attributable to the Override. This includes, without limitation, all production, severance, excise, or similar taxes attributable to the Override and other costs and charges applicable to or borne by any lessor under the terms of the Leases. No payments to the Override will be made or shall accrue on any oil, gas and casinghead gas or other hydrocarbon substances or minerals used for operating, developing, or producing purposes on the Lands under the Leases, or in treating the products produced to make them marketable, or which are unavoidably lost. Executed this 25~ day of October, 2002 Baseline Minerals, Inc ~.gse~ames, President F~e LYNNE D, FOX, L ;HTA COUNTY CLERK Ind~xod~bstmc~Roaorded ~ ACKNOWLEDGEMENT STATE OF COLORADO CITY AND COUNTY OF DENVER The foregoing instrument was acknowledged before me this 25th day of October 2002 by Jos ent of ,' Baseline Minerals, Inc. My Commission Expires: ? ( O0..~ , - .. ~.-~,~.. r~,ires July I1, 2003 Notary P¢ic:~ £, ...... 7'77 o ~ ~ o 0 0 0 0 0 © 0 0 5 .~3 0 -:2 0 0 0 0 0 o o o ~ ~ o f~ 0 0 0 0 0 0 0 0 0 o o g 0 O_ 0 0 0 0 0 0 0 0 0 0'0 5 9 3 C,~ r.,,,9Go G,O 0 0 0 0 0 0 0 0 z a > > > > > > = [~ Z ~ Z Z 8 ~ 8 8 oo oo ~ o ~ · 005n6 z z~2