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STATE OF WYOMING
RECEIVED 8/29/2007 at 12:48 PM
RECEIVING # 932593
BOOK: 670 PAGE: 384
JEANNE WAGNER
LINCOLN COUNTY CLERK, KEMMERER. WY
COUNTY OF LINCOLN
000384
ASSIGNMENT OF OVERRIDING ROYALTY INTEREST
This Overriding Royalty Assignment, made this 1st day of July, 2007, by and between
Kathy K. Stolper, 16688 West 73rd Drive, Arvada, CO 80007, hereinafter called Assignor; and
Hunter Energy LLC, 8000 South Chester Street, Suite 375, Centennial, CO 80112, hereinafter
called Assignee.
Assignor, named above, owns an overriding royalty 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 Assignee 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 0.291667% of S/sths, (the "Override").
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 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, 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, then
the Override shall remain a burden against the Leases as so extended, or against the renewed Leases.
The terms and provisions of this Assignment shall inure to the benefit of Assignor and
Assignee and to their heirs, legal representatives, successors, and/or assigns.
This Assignment is executed as of the date of acknowledgment of Assignor's signature
below, but shall be effective for all purposes as of July 1,2007, the Effective Date.
¡q-
000385
IN WITNESS WHEREOF, Assignor has executed and delivered this overriding royalty
assignment to Assignee, the day and year fIrst above written.
ASSIGNOR:
¡¿-.Ii, é:' J.t>Iþ~
Kathy K. Stolper
STATE OF COLORADO }
} ss.
COUNTY OF ARAPAHOE }
The foregoing instrument was acknowledged before me this ~ day of At..'j bJ-I-
by Kathy K. Stolper.
, 2007,
WITNESS my hand and official seal.
My Commission Expires: 1/1 'ill JOIO
000386
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