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Home My WebLink About940613 Return Recorded Copy to: Fortuna (US) L.P. Suite 3400,888 - 3rd Street S.W. Calgary, Alberta T2P 5C5 RECEIVED 7/17/2008 at 12:55 PM RECEIVING # 940613 BOOK: 700 PAGE: 283 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY (>002,~3 ASSIGNMENT OF OIL AND GAS LEASES KNOW ALL MEN BY THESE PRESENTS, THAT Intrepid Oil & Gas, LLC a Colorado limited liability company, 700 - 1 ih Street, Suite 1700, Denver, CO 80202, ("Intrepid"), (hereinafter referred to as "Assignor"), for $10.00 and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and subject to the reservations, conditions and covenants provided for herein, sells, transfers, assigns and conveys unto Fortuna (US) L.P., a Delaware limited partnership qualified to conduct and carry on business in Wyoming ("Fortuna"), Suite 3400, 888 3rd Street S.W., Calgary, Alberta T2P 5C5 (hereinafter referred to as "Assignee") an undivided one hundred percent (100%) of Assignor's right, title, interest and estate in and to the oil and gas leases in Lincoln County, Wyoming described in Exhibit "A" attached hereto and by this reference made a part hereof (the "Leases"), together with Assignor's proportionate right, title and interest in and to all easements, rights-of- way, permits, licenses, surface leases and other surface rights owned or held in connection with the Leases, insofar and only insofar as the Leases pertain to the lands described in Exhibit "A". The interests herein conveyed by Assignor to Assignee in the Leases are (hereinafter referred to as the "Assigned Interests"). This Assignment is made without warranty of title, express or implied, except by, through or under Assignor. Assignor hereby assigns to Assignee, with full right of subrogation, to the extent so transferable, the benefit of and the right to enforce the covenants and warranties, if any, which Assignor is entitled to enforce with respect to the Leases, whether recorded or unrecorded. Assignee hereby accept the Assigned Interests and assumes and agrees to pay, perform and discharge all duties, obligations, liabilities, costs, expenses and claims arising from or accruing with respect to the ownership and operation of the Assigned Interests. Assignor has executed or will execute separate assignments of those Leases which are issued by, and the assignment of which is required to be filed with and approved by, the United States of America or any state or other governmental entity. Such separate assignments are on forms prescribed by such governmental entities, but are not intended to modify any of the terms, 1 \~'00284 covenants and warranties set forth herein. Such assignments shall not create any additional covenants or warranties of or by Assignor but shall be deemed to contain all of the terms and provisions hereof as fully and to all intents and purposes as though the same were set forth in such separate assignments. Assignor and Assignee have entered into the following agreements (hereafter referred to as Agreements): (a) Purchase and Sale Agreement dated May 9, 2008; and (b) Area of Mutual Interest Agreement dated May 9, 2008. The terms and conditions of the Agreements are hereby incorporated into the Assignment by reference. This Assigmnent shall be binding upon and shall inure to the benefit of Assignor and Assignee, their respective successors and assigns; and the covenants, terms, exceptions, reservations and conditions hereof shall be covenants running with the lands and with each transfer or assignment of the Leases. Executed this 9th day of May, 2008. '--" III STATE OF COLORADO ) ss: COUNTY OF DENVER ) On this 9th day of May, 2008, before me the undersigned, a Notary Public in and for said County and State, personally appeared Robert P. Jornayvaz, III, known to be the Manager of INTREPID OIL & GAS, LLC a Colorado limited liability company, and he acknowledged and executed the above instrument as his voluntary act and deed and on behalf of said company WITNESS my hand and official seal. ~6Lt~ Notary Public on Expires: '1 \~11ó2C\ 0 2 My Commission Expires 09/2712010 \..vv"'~;;:) ASSIGNEE: FORTUNA (US) L.P. by its general partner FUSI GP Inc. By: 4 ~ 9c / ~ W-'-1 -;:7 " George Castles ,/ v !\ _.._- /,// Senior Manager, Exploration , ..-- ~..-- , ~ \ i /~/ , " Bob Quartero Manager, Exploration By: PROVINCE OF ALBERTA ) ) ss. DO~ONOFCANAD~ ~, On this the rrllrday of ~~ ~~ before me, the undersigned, personally appeared G\~oL tc...~~ and ~ Q\.)f,<-\,<~, who acknowledged themselves to be th~~~ ~c.\:{\(JCài'" 6~~~à\.\ir){, and {'(\I'i.~.t" ¡; ~~fJ"ç,-\ \01\ of FUSI GP INC., a corporation, and the general partner of FORT A (US) L.P., and that they, being uthorized so to do, executed the foregoing instrument for the purposes therein contained. In witness whereof I hereunto set my hand and official seal. My commission expires: at the pleasure of Her Majesty Queen Elizabeth II 3 en en en 0) o .... .... u (!)« m2~ (t .¡: 0) U -I en 0) o « I- ¡jj J: >< ~ ~ ...... (t 0)0 en (t >< O)UJ -liD 0) 0) en en 0) -I .... o en en 0) -I o :'QZ c..0) ~ en ......(t I:: 0) --I I o ~ o 00 -q- N ~ a.. .s:: ...... 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