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Home My WebLink About935413 RECORDING REQUESTED BY Piedmont Minerai Royalties, LLC RECEIVED 12/6/2007 at 10:01 AM RECEIVING # 935413 BOOK: 680 PAGE: 568 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY WHEN RECORDED MAIL TO Piedmont Minerai Royalties, LLC 5838 S. Stan Ida Circle Salt Lake City, UT 84121 000568 SPACE ABOVE THIS LINE RESERVED FOR RECORDER'S USE ASSIGNMENT OF OVERRIDING ROYALTY INTEREST STATE OF WYOMING } } KNOW ALL MEN BY THESE PRESENTS THAT: } COUNTY OF LINCOLN MILES Á. WILLIAMS, an individual, and PIEDMONT MINERALS CO., a Colorado General partnership, 5838 S. Stanida Circle, Salt Lake City, Utah, 84121, (collectively "Assignor"), for an in consideration of TEN DOLLARS ($10.00) and other good and valuable consideration, receipt of which is hereby acknowledged, does hereby assign, transfer, grant and convey unto PIEDMONT MINERAL ROYAL TIES, LLC 5838 S. Stanida Circle Salt Lake City, UT 8412 I ("Assignee"), all of Assignor's right, title and interest in and to all mineral interests now owned by Assignor including, but not limited to, all oil, gas and associated products produced, saved and sold from certain oil and gas leasehold interests and any extension or renewal of such leasehold interest, with respect to the land set forth on Exhibit "A" attached hereto and by reference made a part hereof. Assignor saves and excepts any and all sums, production, adjustments of production, unpaid proceeds owed Assignor accruing prior to the Effective Date of this Assignment, and any and all payments owed Assignor under any other agreements, as set out below, to which this Assignment is made subject including but not limited to production in the tanks above the pipeline connection on the Effective Date hereof. This Assignment is accepted by the Assignee subject to the tenns and conditions of the leases, assignments, operating agreements, pennits, rights-of-way, licenses, easements, options, orders, product purchase and sale contracts, gas processing agreements, gas gathering agreements, or any other agreements or contracts attributable to, affecting, or otherwise relating to the Overriding Royalty. 000569 THIS ASSIGNMENT IS EXECUTED, DELIVERED AND ACCEPTED WITHOUT ANY REPRESENTATION, WARRANTY OR COVENANT OF TITLE OF ANY KIND OR NATURE, EITHER EXPRESS, IMPLIED OR STATUTORY. IN ADDITION, ASSIGNOR MAKES NO REPRESENTATION, COVENANT OR WARRANTY, EXPRESS, IMPLIED OR STATUTORY, AS TO THE ACCURACY OR COMPLETENESS OF ANY DATA OR RECORDS DELIVERED TO THE ASSIGNEE WITH RESPECT TO THE OVERRIDING ROYALTY, OR CONCERNING THE QUALITY OR QUANTITY OF HYDROCARBON RESERVES, IF ANY, ATTRIBUTABLE TO THE OVERRIDING ROYALTY, OR THE VALUE OF SUCH OVERRIDING ROYALTY BASED ON THE SALES PRICES OF ANY SUCH HYDROCARBONS. TO THE EXTENT APPLICABLE TO THIS TRANSACTION, ASSIGNEE HEREBY WAIVES ITS RIGHTS UNDER THE PROVISIONS OF THE TEXAS DECEPTIVE TRADE PRACTICES ACT, CHAPTER 17, SUBCHAPTER E, SECTIONS 17.41 THROUGH 17.63, INCLUSIVE (OTHER THAN SECTION 17.555, WHICH IS NOT WAIVED), OF THE TEXAS BUSINESS & COMMERCIAL CODE (A LAW THAT GIVES CONSUMERS SPECIAL RIGHTS AND PROTECTIONS). AFTER CONSULTATION WITH AN ATTORNEY OF ITS CHOICE, ASSIGNEE VOLUNTARILY CONSENTS TO THIS WAIVER. The Overriding Royalty herein assigned and conveyed shall be subject to its proportionate share of all severance, production, ad valorem and any and all other taxes (collectively, "Taxes") now or hereafter applicable to the Overriding Royalty. Assignee hereby agrees to pay and solely bear all Taxes applicable to and accruing to the Overriding Royalty on and after the Effective Date. This Assignment shall inure to the benefit of and be binding upon the parties hereto, their heirs, personal representatives, successors and assigns. IN WITNESS WHEREOF, this instrument is executed this November I, 2007 pursuant to a certain Purchase and Sale Agreement dated October 31, 2004 (the "Effective Date"), however the Assignor and Assignee will be responsible make any payment adjustments between themselves. ASSIGNOR: PIEDMONT MINERALS CO., a Colorado general partnership ASSIGNOR: MILES A. WILLIAMS, an Individual By: ~ ~.v~ MI es A. WIllIams, General Partner 7n~ aaJ~ Miles A. Williams STATE OF UTAH } } ss. County of Salt Lake } 000570 On this November 1, 2007, personally appeared before me Miles A. Williams, individually and as General partner of Piedmont Minerals Co., a Colorado general partnership, who, being by me duly swom did acknowledge to me tbahecuted the foregoing instrwnent. ~~o~ç ,..... - ..... - - - - - - ..... - - ..., LA~Ff~a~Y~I~~:~MS I I 1809 E 9620 South I Sandy, UT 84092 I My Commission Expires I April 3, 2011 I L_____¿T£t9UJ~H__ EXHIBIT A LINCOLNCounty, State of WYOMING 000571. All right, title and interest in and to all mineral interests now owned by Assignor covering the below described lands located in the above-referenced County. TOWNSHIP 23 NORTH, RANGE 118 WEST, 6th PM Section I: Lots 5, 6, 8, S1/2N1/2, S1/2 Section 2:. Lots 5, 6, 7, 8, S1/2N1/2, S1/2 Section 11; N1/2, N1/2S1/2, SE1/4SW1/4, SE1/4SE1/4 Section 12: All Section 13: All Section 14: NW1/4NW1/4, S1/2NW1I4, NE1I4, N1I2SE1I4, SW1I4, SE1I4SE1I4 Section 15.: All Section 22: All Section 23: N1/2, N1I2S1/2, SE1I4SW1/4, S1I2SE1I4 Section 24: NE1I4SW1I4, SW1I4SE1/4 Section 26~ NE1/4, N1/2NW1I4, SE1/4NW1I4, S1I2 Section 27: N1I2NE1I4, SE1I4NE1I4, SE1I4NW1I4, W1I2NW1I4, S1I2 Section 34: All Section 35: N1/2, SE 1/4, E1I2SW1/4 And including any and all other mineral interests now owned by the Assignor in any lands not described herein which are situated within the County, the intent herein being that this Assignment convey all mineral interests situated within the County that is currently owned by Assignor.