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Home My WebLink About876023 State of Wyoming Effective 11/86 Board of Land Commissioner~' Return to: Form ML-2 Oil & Gas Lease Interest Assignme i~t State Land & Farm Loan Office (Revised 4-96) 122 West 25th Street Filing Fee - $25.00 Non-Refimdable Herschler Building, 3 West Cheyenne, WY 82002-0600 AUG a 0 2001 Wyoming Oil & Gas Lease Serial Number 00-00418 Assi~neni Apprc.??~Date ASSIGNOR, with name and address at, Baseline Minerals, Inc. 1645 Cou~ Place, Suite 422 Denver, CO 80202 being the owner of 100' percent LEASEHOLD (Type Interest: Leasehol~Operatia~[; Rights/Overriding Royalty) interest in this lease, described in particular if less than the total le~ehold as: 7 ' '~' PAGE_ ~[ 4 3 Township 23 No,lb, Ra~e 115 West, 6'" P,M, ~, ,.%. CY-' Section 15: NENW Lhmoln County, Wyoming 40,00 acres, more or less l) ASSIGNEE, with name and address at: 0 J L} ~J ~- ~ 7538 South Salida Court Aurora, CO 80016 100 percent interest in the total leasehold, or as described in pa~icular above.~ 2) ASSIGNEE, with name and address at: percent interest in the total leasehold, or as described in particular above. 3) ASSIGNEE, with name and address at: percent interest in the total leasehold, qr as described in particular above. 4) ASSIGNEE, with name and address at: .. percent interest in the total leasehold, or as described in particular above. 5) ASSIGNEE, with name and address at: percent interest in the total leasehold, or as described in particular above. aud reserving unto ASSIGNOR, 0.5000% Overriding Royalty Interest . i This assignment is subject to any existing overriding royalties previously reserved. Rose!rations of overriding interests must be approved by the Director, and any SUCh approval is subject to the condition that overriding royalties n?,y be canceled by the Board of Land Commissioners if it finds that such overriding royalties Create a burden on the lease which prevents or Unre :.,ionably interferes with its development. ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the intere::il above herein transferred, and ASSIGNEE(S) certify(les) by signing on the reverse that this assignment constitutes a binding acceptances, of all the terms, conditions, stipulations, restrictions and statutes governing the lease described above, and of the Rules of the Board, at Chaph:l' 6, Leasing of Subsurface Resources. This form may be duplicated If space is needed for additional assignors or assignees submit copies of this form only. Page 1 of 2 of Lease I4 00-00418 assignment datat', November 27, 2000 SIGNED AS TO TRANSFER AND AccEPTANOE tliisI i i'i ~'~.i27th day of__ N. ~vember 20 00 ASSIGNOR aseline ,Inc.'~ 5 f'i~i J,. (}~ Assignee (1)~-- Condor Exploration, LLC By~/ By NixonLange Z~"¢~F~ it e - President ~'ana-,-er Attest ' . Attest - Assignee (2) - · ' ' " Title - Attest - STATE OF ,,/I v ¥. ~.,". .. 4)9: W. Thames, President of Baseline Minerals, Inc. NoNry Public ' " ,,. , STATE OF.COLORADO crrY AND COUNTY OF DENVER ,.. ....~.,,: ~::~ ~.~ t? ~[c~{,\.~ 0t~/~ {/['l'~[0)'~{fl,,~"'2000, [;y Nixon Lange, Manager of Condor Exploration, LLC. Fh~s/~strument ~as ~c~w~e~Def0re me th~s ~'" t day of Not~[~ Pubiic '"'" ' - ,,- MyCommissio~ Expires: Asslonment Reauirement~ Note: AssiWm~nls are not valid until approved by the D/rector, Slate Land and Fi~rm Loan Ol~ce as oer State 0il & Cr~ Lease Te,i_n~i. and approval is solely £or adraitfistrative Dtu~oses and should not be interoreted aX-wana ~1¥ t mt an,/party to tiffs ~signment holds legal or equitable interest in tiffs lease. A~signm~n. ts wlfic ~ do not meet the reut~i':e: ~ents listed below a,~d those/n the Lease and Rules will be retttmed una~Droved I. lhiSiuterest.fonn must ,be completed aud submitted for any assignmant of State Oil & Gas Lease leasehold ifiterest, andMded or d/' &! ~,d as lo separate tracts, formalions, zones or deposits, and for overriding royally 2. Assiguments of less than a 100% lease mid interest, do not relieve the assignor of the obligations as a lessee under the letm~ of the lease regarding the interest conveyed unless the State first bas in hand, a written agreement to be boond as lessee for all obligations under the lease for the assigned portion from the assignee, l'ail requirement should not be construed in any way as a release or recision of the obllgatioos of any serety bonding pm~ies onder t ~e requirements of the Stale Oil and Gas Lease, Board Rules or this assig:,:m, nt. (All lessees are ultimately responsible for the performance nnder the lease, and default subjects the entire lease lo foffeilure ootjust tl~e interest related to any peffonnaoce obligation considered to be in default.) . 3. A signed original and one copy of each assignment must be filed with the Wyoming State Land and Farm Loan Office. 4. Each assignment, if approved, is recognized by the State as effective as of the date of approval bythe Director. Adeqna;e bgnd mnst be fiwnished covering any and all prodnctive zones prior to approval of any assigament of interest in an operating State oil and gas lease, whether wellbores exist on the leased lands or not, and in no case'can drilling operations, inclnding to prospectively productive zones under operatiog leases, begin without a bond first being in place· · 5. If there is more than one party in interest to this assigmnent, then all such parties in interest must s[gn the doctlment before ~:ssignment approval will be given. 6. The appropriate legal description of the conveyed lands interest must be givan. 7. Assignnnents creating a separate (reissue) lease snbject to the mle~ and regulations governing all State of Wyoming Oil & G,~s Lease do not change the temqs and conditions of the original lease, the lease anaiversa~Ysection A.) date, nor the obligations sod anniversary date of the lease created therefrom being considered as if it ha~l bee.', i: sued on the effective date of the original lease. (See Board Rnles, Clmpter 6, andCmp°ratinnS'Fam~ Loanlhr:itedofficeliabilitYprior to,e°andnPanieSas a eooditionand limitedof BoardPartnershipSapprovalmUStofb~anyqUalifiedassigmnent.With the Wyoming Secretary of States Oi 5ce, and general partnership papers are required to be filed with the State L~md 9. Assignmeuts will not be coasidered for approval where assignor or any assignee cmxently has a delinquent (late) royalty r~r: ental pasment obligation(s) for any State subsurface resouree lease.