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000606
ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
This Overriding Royalty Assignment is made this Ih.J.l, day of~, 2007
by HUNTER ENERGY LLC and LARAMIDE EXPLORATION LLC, bQJh--\VÍth an
address at 8000 South Chester Street, Suite 375, Centennial, Colorado 80112, (hereinafter
collectively called "Assignor"),
Assignor owns a working interest in Oil, Gas and Mineral Leases (the "Leases")
covering lands located 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 the
following named parties (collectively called "Assignee"), in the proportions indicated, an
overriding royalty interest in all of the oil, gas and other minerals produced, saved and
marketed from all of the Lands and Leases equal to a total of 2.00% of 8/8ths (the
"Override"):
Monty E. Hoffman
6565 West Hoover Place
Littleton, Colorado 80123
1.25% of 8/8ths
Paul R. Lamerson
1941 South Parlet Drive
Lakewood, Colorado 80227
.75% of8/8ths
The Override assigned to Assignee is subject to the following provisions:
1. The terms 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
modificàtions 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 costs 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 term 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
exteriäed, or against the renewed Leases.
RECEIVED 5/29/2007 at 12:39 PM
RECEIVING # 929793
BOOK: 659 PAGE: 606
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER, WY
000607
Ü~29793
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
ByØ~
P. Greg Barnes, President
LARAMIDE EXPLORATION LLC
BY~
P. Greg arnes, Managmg Member
STATE OF COLORADO )
) ss.
COUNTY OF ARAPAHOE )
J1J1 The foregoing instrwnent was acknowledged before me this l.I.t!!: day of
, , l , 2007, by P. Greg Barnes, President of Hunter Energy LL a Delaware
limited 1, bility company.
My Commission Expires: 1/18/2010
STATE OF COLORADO )
) ss.
COUNTY OF ARAPAHOE )
~The foregoing instrument was acknowledged before me this ~ day of
, 2007, by P. Greg Barnes, Managing Me ber of Laramide Exploration
LLC.
My Commission Expires: 1/18/2010
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