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000283
RECEIVED 11/27/2006 at 12:25 PM
RECEIVING # 924788
BOOK: 641 PAGE: 283
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
This Overriding Royalty Assignment, made this J~t day of AI f) \J. , 2006, by and
between Hunter Energy LLC, 8000 South Chester Street, Suite 375, Centennial, CO 80112,
hereinafter called Assignor, and Monte S. Fryt, 7400 South Curtice Court, Littleton, Colorado
80120, hereinafter called Assignee.
Assignor, named above, owns a working interest in Oil, Gas and Mineral Leases (the
"Leases") covering lands in Lincoln County, Wyoming (the "Lands"). The Leases and Lands are
described on Exhibit "A" to this Assignment.
For adequate consideration, Assignor transfers, assigns and conveys to Assignee an
overriding royalty interest in all of the oil, gas, and other minerals produced, saved, and marketed
from all ofthe Lands and Leases equal to 0.50% of 8/8ths, (the "Override").
The Override Assigned to Assignee is subject to the following provisions:
1. The tenns and provisions of the Leases, any amendments, corrections, additions, or
modifications of the Leases made prior to or after the execution of this Assignment. Assignee
agrees that future amendments, corrections, additions, or modifications of the Leases may be made
without the consent or joinder of Assignee.
2. All applicable laws, rules, regulations, and orders of appropriate governmental
authorities and agencies having jurisdiction over the Lands and Leases.
3. The Override is assigned free and clear of all cost and expense of exploration,
drilling, development and operation, but except for and subject to its proportionate share of actual
third party costs incurred for gathering, transportation and marketing, and its proportionate share of
severance, ad valorem and other similar taxes. 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. No payments shall be
made to the Override on gas and casinghead gas used for recycling or repressuring operations that
benefit the Leases.
4. All payments to the Override shall be made or delivered to Assignee in the same
manner provided in the Leases for the payment of royalty to the lessors.
5. If a Lease or Leases cover less than the entire mineral estate in the Lands, Assignor's
working interest represents less than 100% of the leasehold estate in a part or all of the Lands, or, if
for any reason title should fail as to all or part of the leasehold estate owned by Assignor, the
Override assigned to Assignee shall be reduced proportionately as to the affected Lease and Lands.
6. In the event the Leases are renewed, or the primary tenn of the Leases extended by
the action of Assignor or Assignor's successors, assigns, and/or legal representatives, then the
Override shall remain a burden against the Leases as so extended, or against the renewed Leases.
The tenns and provisions of this Assignment shall inure to the benefit of Assignor and
Assignee and to their heirs, legal representatives, successors, and/or assigns.
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000284
IN WITNESS WHEREOF, Assignor has executed and delivered this overriding royalty
assignment to Assignee, the day and year first above written.
::t~
Alan C. O'Hare, President
STATE OF COLORADO }
} ss.
COUNTY OF ARAPAHOE }
The foregoing instrument was acknowledged before me this J&r day of N~ t/ .
2006, by Alan C. O'Hare, President of Hunter Energy LLC, a Delaware limited liability company.
WITNESS my hand and official seal.
My Commission Expires:
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