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ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
This Overriding Royalty Assignmentt made this '5f1tIay of Aprilt 2007 t by and between
Hunter Energy LLC and Laramide Exploration LLCt 8000 South Chester Street, Suite 37St
Centennialt CO 80112, hereinafter collectively called Assignort and O'Hare Energy Resources
Corporation, 1703 South Wheeling Way, Aurora, CO 80112t hereinafter called Assignee.
Assignort named above, owns a working interest in Oilt Gas and Mineral Leases (the
"Leasest,) covering lands in LINCOLN County, WYOMING (the "Lands"). The Leases and
Lands are described on Exhibit "At' to this Assignment.
For adequate consideration, Assignor transfers, assigns and conveys to Assignee an
overriding royalty interest in ,all of the oil, gast and other minerals produced, savedt and
marketed from all of the Lands and Leases equal to .828% of8/8ths (the "Override").
The Override Assigned to Assignee is subject to the following provisions:
1. The tenns and provisions of the Leases, any amendments, corrections, additionst
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 ftee and clear of all cost and expense of exploration,
drillingt development and operation, but except for and subject to its proportionate share of
actual costs incurred for gatheringt transportingt marketingt compressing, ftactionating,
dehydrating, processing, treating or otherwise rendering merchantable the oil, gas, and other
minerals, and its proportionate share of severancet 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 Landst
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.
NtJ
RECEIVED 5/7/2007 at 3:29 PM
RECEIVING # 929116
BOOK: 657 PAGE: 96
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, wY
O~29116 000097
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.
IN WITNESS WHEREOF, Assignor has executed and delivered this overriding royalty
assignment to Assignee, the day and year first above written.
Hunter Energy LLC
BY~~
P. Greg Bames, President
L~~OmtiOnLLC
By ~
P. Greg ames, Managing Member
STATE OF COLORADO }
} ss.
COUNTY OF ARAPAHOE }
The foregoing instrument was acknowledged before me this 9hday of April, 2007, by
P. Greg Bames, President of Hunter Energy LLC, a Delaware limited liability company.
WITNESS my hand and official seal.
My Commission Expires: 1/18/2010
STATE OF COLORADO }
} ss.
COUNTY OF ARAPAHOE }
2
WITNESS my hand and official seal.
My Commission Expires: 1/18/2010
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