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HomeMy WebLinkAbout945665 ASSIGNMENT OF INDEBTEDNESS AND LIENS RECEIVED 3/3/2009 at 4:08 PM RECEIVING # 945665 BOOK: 716 PAGE: 673 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 000673 , '" "\; /I) ) I' /,'. ,'\ I ~ ¡ ,'- \..., \" . \.:...,. . .," ¡ This ASSIGNMENT OF INDEBTEDNESS AND LIENS, dated as of February 26,2009 (this "Assignment"), is made by and among AMERICAN NATIONAL BANK, a national banking association ("Assignor"), BANK OF OKLAHOMA, N.A., a national banking association ("Assignee"), and DOUBLE EAGLE PETROLEUM CO., a Maryland corporation ("Borrower") . RECITALS: WHEREAS, Borrower and Assignor entered into that certain Commercial Loan Agreement dated as of January 3,2000 (such Commercial Loan Agreement and all promissory notes issued pursuant thereto, in each case as from time to time supplemented or amended, are herein collectively called the "Loan Agreement"); and WHEREAS, the payment and the perfonnance of all indebtedness and obligations of Borrower under the Loan Agreement (the "Indebtedness") are secured by the various security documents and financing statements listed on Schedule 1 attached hereto and made a part hereof (as heretofore and hereafter supplemented or amended, collectively called the "Security Documents"); and WHEREAS, the Security Documents have been recorded as set forth in Schedule 1 hereto; and WHEREAS, Assignor has sold to Assignee a fifty percent (50%) (the "Specified Percentage") participation interest in the Indebtedness and in Assignor's rights and obligations under the Loan Agreement and the Security Documents; and WHEREAS, Borrower has requested that Assignor assign (i) the Specified Percentage of its rights and interests in, to the Indebtedness and in Assignor, and under the Loan Agreement to Assignee individually, and (ii) all of its rights and interests in, to and under the Security Documents to Assignee, as agent for the benefit of Assignor and Assignee (in such capacity herein referred to as "Agent"), all on the tenns and conditions provided herein; NOW THEREFORE, in consideration of the premises and the mutual agreements herein contained, the parties hereto hereby act and agree as follows: Section 1. Assignment and Assumption. (a) Assignor, for and in consideration of the sum ofTen Dollars ($10.00) and for other good and valuable consideration to Assignor paid by Assignee, the receipt and sufficiency of which is hereby acknowledged, does hereby GRANT, BARGAIN, SELL, CONVEY TRANSFER, ASSIGN AND SET OVER unto Assignee, individually, the Specified Percentage of Assignor's right, title and interest in and to the Indebtedness and the Loan Agreement (collectively, the "Assigned Indebtedness"), and unto Agent all of Assignor's right, titre and interest in and to all liens, rights, titles, interests, privileges, claims, demands, equities, charges 005697000002 DALLAS 2455672.3 (;,00670;1 and security interests of Assignor existing under or pursuant to the Security Documents (herein collectively called the "Assigned Liens"); in each case, SA VE AND EXCEPT the Reserved Obligations: TO HA VE AND TO HOLD the Assigned Indebtedness and the Assigned Liens. (b) Assignee hereby accepts the foregoing assignment of the Assigned Indebtedness and assumes the Specified Percentage of any and all obligations of Assignor to Assignee to make loans or otherwise extend credit in accordance with the tenns of the Loan Agreement. (c) Borrower hereby consents to the foregoing assignment and assumption. Borrower hereby ratifies and confinns the Assigned Indebtedness and the Assigned Liens. Section 2. Reserved Obligations. The Reserved Obligations are all obligations of Borrower to Assignor or to any officer, director, employee, representative, agent or affiliate of Assignor (each herein called an "Indemnified Party") to indemnify or hold harmless any Indemnified Party or reimburse any Indemnified Party for any costs or expenses incurred under or in connection with the Loan Agreement, the Security Documents or the transactions related thereto. The Reserved Obligations are not included within the Assigned Indebtedness or the As~igned Liens. Borrower hereby ratifies and confinns the Reserved Obligations. I Section 3. Representations and Warranties of Assignor. The assignment made hereby by Assignor is made without recourse and without warranty or representation, expressed or implied, except that Assignor does warrant to Assignee that Assignor is the owner and holder of the Assigned Indebtedness, free and clear of any lawful claim thereto by any person, and has full right, power and authority to transfer to Assignee all of the Assigned Indebtedness, free and clear of any lawful claim thereto by any person. Section 4. Representations and Warranties of Borrower. Borrower hereby represents, warrants, acknowledges and admits to Assignor and Assignee that, as of the date hereof there are no offsets, defenses or counterclaims against the enforcement of the Assigned Indebtedness or the Assigned Liens whether held by Assignor or Assignee, and the Assigned Indebtedness and the Assigned Liens are in full force and effect. Section 5. Releases. To induce Assignor to sell, and Assignee to purchase, the Assigned Indebtedness and the Assigned Liens, and at the special insistence and request of Assignor and Assignee, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower hereby fully releases and discharges Assignor and its successors and assigns - including but not limited to Assignee - and their respective officers, directors, employees, representatives, agents and affiliates, from all claims, demands, causes of action, liabilities or other obligations of any kind whatsoever (INCLUDING, WITHOUT LIMITATION, OFFSETS, REDUCTIONS, REBATEMENTS OR CLAIMS OF USURY OR CLAIMS WITH RESPECT TO THE NEGLIGENCE OR WILLFUL MISCONDUCT OF ANY PERSON HEREBY INDEMNIFIED), whether known or unknown and whether now existing or hereafter asserted, to the extent that any such claims, demands, causes of action, liabilities or other obligations arise from or are related to events or circumstances occurring or existing on or before the date of this Assignment and are in any way related to the the Loan Agreement, the 005697000002 DALLAS 2455672.3 2 000675 Security Documents, or any of the transactions contemplated thereby (including without limitation any actual or potential amendments thereto or any Reserved Obligation. Section 6. Continuing Indebtedness. The Assigned Indebtedness is continuing indebtedness, and nothing herein contained shall be construed to cause or deem any of the Assigned Indebtedness to be paid, or to release or tenninate any of the Assigned Liens (or any other lien securing any of the Assigned Indebtedness). Section 7. Additional Documents. Assignor will from time to time, at the reasonable request of Assignee and upon payment of Assignor's expenses execute and deliver to Assignee any documents which are necessary or desirable to carry out more effectively the purposes of this Assignment, including without limitation, any financing statements or assignments, properly completed (and acknowledged when required). Section 8. Addresses. For the purposes of this Assignment the addresses of the parties shall be as shown beside their signatures hereto. Section 9. Choice of Law. This Assignment shall be governed by, and construed in accordance with, the laws of the State of Wyoming, excluding its conflict oflaws rules, except to the extent that the assignment of any liens or Security Documents is mandatorily governed by the laws of the jurisdiction in which the properties subject thereto are located. Section 10. Counterparts. This Assignment is being executed in several counterparts, all of which are identical except that, to facilitate recordation, in certain counterparts hereof only that portion of Exhibit A, if any, which is a prerequisite to recordation in a particular recording jurisdiction is included and all other portions of Exhibit A are included by reference only. This Assignment may be executed by the different parties hereto in separate counterparts. All of such counterparts together constitute one and the same instrument. Section 11. Descriptions of Mortgaged Properties. To allow proper indexing and recording of this Assignment in the various recording jurisdictions ofthe State of Wyoming, there is attached hereto as Exhibit A a set of descriptions of the properties subject to the Security Documents which are located in such recording jurisdictions. Section 12. Entire Agreement. THIS WRITTEN ASSIGNMENT IS THE FINAL AGREEMENT BETWEEN THE PARTIES WITHOUT RESPECT TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES. [The remainder of this page is intentionally left blank.) 005697000002 DALLAS 2455672.3 3 û00676 IN WITNESS WHEREOF, the parties hereto have each executed this Assignment on the dates set forth in their respective acknowledgements below to be effective for all purposes as of the date first above written. Address of Assignor is: 3033 E. First Avenue Denver, Colorado 80206 AMERICAN NATIONAL BANK ~- " By: ~ am e: \<:t:..v l oJ 0<»1 A-t...£»o....J Title: Vlc.c;" ~I ÞaI\ o Address of Assignee is: 1675 Broadway, Suite 1650 Denver, Colorado 80202 BANK OF OKLAHOMA, N.A., individually and as Agent By: ¿ç:1~C~ Name: 6"1 y C F¡;z."'.1'e-¡"~ Title: S"V"o Address of Borrower is: 1675 Broadway, Suite 2200 Denver, Colorado 80202 DOUBLE EAGLE PETROLEUM CO. [Signature Page to Assignment] ACKNOWLEDGMENT (;00677 STATE OF COLORADO § § COUNTY OF DENVER § '-f ;:Reforego ing instrument was acknow led ged before me b y ~ """ ¡ ,;'1 b I? ,,j AuA"J>W7 ì U::- P:?-"-;;71 (_l "("j"'-¡ b-. of AMERICAN NATIONAL BANK, a natIOnal bankmg association on this 2 {¿ day of February, 2009. WITNESS my hand and official seal. ~kxq~ NOTARY PUBLIC: and for the State of Colorado n ~ 0lì{h4 H -SvYJ L +L (Printed Name) My Commission expires: '3· ~ (>/ .' ;})O'i- 0- .o~ßo.RAH SMITli S~ARY PUBLIC . STATE OF COLORADO .,~..J .. EJPIeI_ 3, z.0, z.tn 0 [Acknowledgment Page ACKNOWLEDGMENT STATE OF COLORADO § § COUNTY OF DENVER § 000678 The foregoing instrument was acknowledged before me by 6LA ~ £ V ~<:.¿;s ~as 5VP of BANK OF OKLAHOMA, N.A., anati nal b . g association on this ~lo day of February, 2009. WITNESS my hand and official seal. ñ\. .')v~ NO Y PUBLIC in and for the State of Colorado Jtll'"\t rh. We,l~-r (Printed Name) My Commission expires: [Acknowledgment Page] ACKNOWLEDGMENT (;00679 STATE OF COLORADO § § COUNTY OF DENVER § The foregoing instrument was acknowledged before me by K""'Q...k~ bb,(j , as c.ro of DOUBLE EAGLE PETROLEUM CO., a Maryland corporation, on this ~Io day of February, 2009. WITNESS my hand and official seal. JtLh£... 'tY\. W~ t LÆ If" (Printed N arne) My Commission expires: ~16 J -:,}.O I ~ [Acknowledgment Page] SCHEDULE 1 (;,00680 RECORDING SCHEUDLE úOú68:1 MASTER RECORDING SCHEDULE FOR DOUBLE EAGLE PETROLEUM AND MINING COMPANY OF EXISTING SECURITY DOCUMENTS 1. Mortgage, Security Agreement and Assignment dated March 30, 1999 by and between Double Eagle Petroleum and Mining Company and American Energy Finance (the "March 1999 Mortgage"). Recording Jurisdiction Fremont County, WY Recording Data Doc # 1199887 Recorded 4/16/99 Natrona County, WY Doc # 632527 Recorded 4/9/99 Sweetwater County, WY Doc # 1286105 Book 912, Page 280 Recorded 4/8/99 2. Mortgage, Security Agreement and Assignment dated August 12, 1999 by and between Double Eagle Petroleum and Mining Company and American Energy Finance relating to Tenn Loan Recording Jurisdiction Campbell County, WY Recording Data Doc #750811 Book 1557, Page 320 Recorded 8/16/99 3. First Addendum to March 1999 Mortgage dated January 4,2000 (added new collateral) Recording Jurisdiction Campbell County, WY Recording Data Doc # 757072 Book 1580, Page 556 Recorded 1/6/00 Crook County, WY Doc # 543751 Book 372, Page 653 Recorded 1/6/00 005697000002 DALLAS 2456238.1 Fremont County, WY Doc # 1207692 Recorded 1/1 0/00 (;00682 Lincoln County, WY Doc # 863553 Book 440, Page 256 Recorded 1/6/00 Natrona County, WY Doc #647365 Recorded 1/6/00 Sweetwater County, WY Doc #1305374 Book 922, Page 76 Recorded 2/1/00 4. Second Addendum to March 1999 Mortgage dated August 15,2001 (added new collateral) Recording Jurisdiction Campbell County, WY Recording Data Doc # 783885 Book 1694, Page 90 Recorded 9/13/01 Carbon County, WY Doc #0895653 Book 1007, Page 210 Recorded 9/13/01 Crook County, WY Doc #552725 Book 386, Page 590 Recorded 9/12/01 Fremont County, WY Doc #1223950 Recorded 9/21/01 Lincoln County, WY Doc #875948 Book 472, Page 773 Recorded 9/13/01 Natrona County, WY Doc #678048 Recorded 9/12/01 Sublette County, WY Doc #286291 Bok 86, Page 253 Recorded 9/14/01 005697000002 DALLAS 2456238.1 2 Sweetwater County, WY Doc #1343586 Book 942, Page 51 Recorded 9/13/01 (:00683 5. Third Addendum to March 1999 Mortgage dated October 10,2002 (only increased line of credit) Recording Jurisdiction Campbell County, WY Recording Data Doc # 804911 Book 1803, Page 689 Recorded 10/18/02 Carbon County, WY Doc #0900772 Book 1026, Page 158 Recorded 10/21/02 Crook County, WY Doc #559002 Book 399, Page 337 Recorded 10/1 7/02 Fremont County, WY Doc #2002-1235540 Recorded 11/4102 Lincoln County, WY Doc #804898 Book 502, Page 208 Recorded 10/18/02 Natrona County, WY Doc #0702959 Recorded 10/24/02 Sublette County, WY Doc #293485 Book 94, Page 415 Recorded 10/18/02 Sweetwater County, WY Doc #1371689 Book 962, Page 44 Recorded 10/21/02 6. Fourth Addendum to March 1999 Mortgage dated January 27, 2003 (only increased line of credit) Recording Jurisdiction Campbell County, WY Recording Data Doc # 810245 005697 ooooo:! DALLAS 245623X.1 3 Book 1836, Page 561 Recorded 1/31/03 (;Ov6S-1 Carbon County, WY Doc #0902142 Book 1031, Page 87 Recorded 2/6/03 crooklCounty, WY I i I I Fremolnt County, WY Lincol~ County, WY I i I I Natrona County, WY I I I SUbler County, WY I sweetrater County, WY i I I I I 7. fifth Addendum to March 1999 Mortgage dated July 17, 2003 (only increased line of tredit) I I Recording Jurisdiction Recording Data Doc #560606 Book 403, Page 193 Recorded 1/3 1/03 Doc #2003-1238153 Recorded 2/4/03 Doc #887299 Book 511, Page 224 Recorded 1/31/03 Doc #0709493 Recorded 2/5/03 Doc #295361 Book 123, Page 716 Recorded 2/7/03 Doc #1378357 Book 967, page 1597 Recorded 1/31/03 Campbell County, WY Doc # 824982 Book 1922, Page 1 Recorded 10/29/03 Carbon County, WY Doc #0906041 Book 1048, Page 93 Recorded 10/30/03 Crook County, WY Doc #565052 Book 412, Page 408 Recorded 10/31/03 0056'J7 000002 DALLAS 2456238.1 4 Fremont County, WY Doc #2003-1247407 Recorded 11/4/03 Lincoln County, WY Doc #0894918 Book 540, Page 537 Recorded 10/30/03 (;00685 Natrona County, WY Doc #749634 Recorded 8/27/04 Sublette County, WY Doc #300836 Book 107, Page 212 Recorded 11/12/03 Sweetwater County, WY Doc #1399433 Book 987, Page 1446 Recorded 10/30/03 8. Sixth Addendum to March 1999 MOl1gage dated August 1, 2006 (added new collateral) Recording Jurisdiction Campbell County, WY Recording Data Doc # 875673 Book 2179, Page 129 Recorded 8/1 0/06 Carbon County, WY Doc #092113 8 Book 1109, Page 227 Recorded 8/9/06 Crook County, WY Doc #582540 Book 447, Page 112 Recorded 8/7/06 Fremont County, WY Doc #2006-1280586 Recorded 8/8/06 Lincoln County, WY Doc #920968 Book 629, Page 81 Recorded 8/4/06 Natrona County, WY Doc #798387 Recorded 8/9/06 005697 000002 DALLAS 2456238.\ 5 Sublette County, WY Doc #32d889 Book 133, Page 360 Recorded 8/4/06 (: 0068.6 Sweetwater County, WY Doc #1478935 Book 1865, Page 1740 Recorded 8/4/06 9. Partial Release of Real Estate Mortgage dated April 29, 2004 releasing certain propeliy located in Natrona County, WY Recording Jurisdiction Natrona County, WY Recording Data Doc #0740602 Recorded 4/22/04 10. Partial Release of Real Estate Mortgage dated August 30, 2004 releasing certain property located in Natrona County, WY Recording JUlisdiction Natrona County, WY Recording Data Doc #749500 Recorded 8/26/04 Natrona County, WY Doc #749931 Recorded 8/31/04 Natrona County, WY Doc #749932 Recorded 8/31/04 Natrona County, WY Doc #749933 Recorded 8/31/04 11. Notice of March 1999 Mortgage dated January 4,2000 Recording Jurisdiction Campbell County, WY Recording Data Doc #757071 Book 1580, Page 541 Recorded 1/6/00 ()()56'J7 O()0002 DA LLAS 2456238.1 6 Crook County, WY Doc #543750 Book 372, Page 638 Recorded 1/6/00 000687 Lincoln County, WY Doc #863552 Book 440, Page 241 Recorded 1/6/00 12. Notice of March 1999 Mortgage dated August 15, 2001 Recording JUlisdiction Carbon County, WY Recording Data Doc #0895652 Book 1007, Page 209 Recorded 9/13/01 Sublette County, WY Doc #286290 Book 86, Page 238 Recorded 9/14/01 [UCCs follow on next page] 005697 000002 DALLAS 2456238.1 7 UCC FINANCING STATEMENTS ûOú688 1. UCC-l Financing Statement naming Double Eagle Petroleum and Mining Company ("Bon'ower") as debtor relating to March 1999 Mortgage Recording Jurisdiction Wyoming Secretary of State Recording Data File #99098141 B05 Filed 4/8/99 A. UCC-3 Amendments Recording Jurisdiction Wyoming Secretary of State Recording Data File #2000006161001 Filed 1/6/00 (w/First Addendum attached thereto) Wyoming Secretary of State File #R1805853A03 or 0125716 Filed 9/14/01 (w/Second Addendum attached thereto) Wyoming Secretary of State File #2002-16801932 Filed 10/16/02 (added collateral) Wyoming Secretary of State File #2003-17662635 Filed 1/30/03 (added collateral) Wyoming Secretary of State File #2003-20124023 Filed 10/28/03 (continuation) Wyoming Secretary of State File #2003-20134124 Filed 10/29/03 (added collateral) Wyoming Secretary of State File #2004-23145325 Filed 9/24/04 (deleted collateral) U05697 ()()()()()2 DALLAS 2456238.1 8 Wyoming Secretary of State File #2006-29973954 Filed 8/21/06 (added collateral) 000689 2. UCC-1 Financing Statement naming Borrower as debtor relating to March 1999 Mortgage Recording Jurisdiction Recording Data Carbon County, WY File #0895651 Book 1007, Page 208 Filed 9/13/01 Fremont County, WY File #U282360 Filed 4/14/99 UCC-3 Amendment File #U291769 Filed 11700 (w/First Addendum attached thereto) UCC-3 Amendment File #U313592 Filed 9/20/01 (w/Second Addendum attached thereto) Lincoln County, WY File #110912 Filed 1/6/00 UCC-3 Amendment File #U119055 Filed 9/13/01 (w/Second Addendum attached thereto) Sublette County, WY File #3U37774 Filed 10/8/01 Sweetwater County, WY File #U246068 Filed 8/8/99 UCC-3 Amendment File #1305453 Filed 2/2/00 (w/First Addendum attached thereto) UCC-3 Amendment File #1343579 Filed 9/13/0 I (w/Second Addendum attached thereto) 005697 000002 DALLAS 2456238.1 9 3. UCC-1 Financing Statement naming Borrower as debtor relating to First Addendum to March 1999 Mortgage Recording Jurisdiction Campbell County, WY Recording Data File #227542 Filed 1/6/00 000690 UCC-3 Amendment File #A688121 Filed 9/13/01 UCC-3 Amendment File #A698972 Filed 10/22/02 Crook County, WY File #036007 Filed 1/6/00 UCC-3 Amendment File # - no number on document Filed 9/12/01 (w/Second Addendum attached thereto) 4. UCC-1 Financing Statement naming Borrower as debtor relating to the Mortgage dated August 12, 1999 in connection with the Tenn Loan Recording Jurisdiction Campbell County, WY Recording Data File #224284 (7) (could not read the number clearly) Filed 8/16/99 0056lJ7 01 II J002 DALLAS 24S1123X.1 10 (: 00691. EXHIBIT A PROPERTY DESCRIPTIONS ATTACHED TO SECURITY DOCUMENTS EXHIB IT "A" LONG BUTTE UNIT Township 38 North, Range 91 West (:Oô692 Section 2: . Section 3: Section 4: Section 5: Section 6: Section 7: Section 8: Section 9: Seciton 10: Section 11: All All All All All Lots 1,2,5,6, NE4, E2NW4, NE4SE4 N2, N2S2 N2~4,SVV4~4,~4SW4 NE4NNV4,N2NE4,SE4NE4 N2, NE4SVV4, N2SE4, SE4SE4 Township 38 North, Range 92 West Section 1: Lots 1-11, SW4NE4, SE4NW4, ~4SE4 Township 39 North, Range 91 West Section 28: Section 29: Section 30: Section 31 Section 32: Section 33: All All Lots 3-8, E2, E2SW4, SE4NW4 All All All Township 39 North, Range 92 West Section 25: Section 35: Section 36: S2SE4,NE4SE4,SE4SW4 E2SE4,SE4NE4 All Fremont County, Wyoming EXHffi IT "A" WALTMAN 21-19 Township 36 North, Range 87 West (; 00693 Sec. 24: SE4SE4 Sec. 25: ~~ And any rights accruing from the drill-site spaced unit for the Waltman 21-19 Well. Natrona County, Wyoming JAMES CREEK Credo Federal #1-6 Township 14 North, Range 103 West Sec. 6: NE4 Britz Federal #1 Township 15 North, Range 103 West Sec. 31: SE4 Sweetwater County, WyofiÚng MARIANNE Anderson 12-1 Township 20 North, Range 103 West Sec. 12: SE4 Madex 13-1 Township 20 North, Range 103 West Sec. 13: SW4 Madex 18-1 Township 20 North, Range 102 West Sec. 18: SW4 Madex 24-2 Township 20 North, Range 103 West Sec. 24: NW 4 Steve Federal 14-1 Township 20 North, Range 103 West Sec. 14: SE4 Sweetwater County, Wyoming "L EXHIB IT "A" (:00694 1. The interest in the Long Butte Unit described on Page 1 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Long Butte Unit. 2. The interests included in the wells and fields described on Page 2 of this Exhibit A in the Waltman 21-19, James Creek and Marianne leases shall include any and all rights accruing pursuant to ownership in these leases. 3. This Exhibit A has been provided by Double Eagle Petroleum and Mining Company with the intent of providing collateral for the attached mortgage. American Energy Finance has relied on the accuracy and completeness of the legal descriptions provided above. If the entire interest owned by Double Eagle Petroleum and Mining Company in the wells, fields and units included in this Exhibit A is found to be in error, it is the intent of the parties hereto to include said interests as a part of the collateral. LONG BUTTE UNIT WALTMAN 21-19 FRENCHIE DRAW EXHIBIT A MORTGAGE, SECURITY AGREEMENT, AND AssiGNMENT (;00695 Township 38 North. Ranie 91 West. 6th P.M. Section 2: Section 3: Section 4: Section 5: Section 6: Section 7: Section 8: Section 9: Section 10: Section 11: All All All All All Lots 1.2.5.6, NE4, E2NW4, NE4SE4 N2, N2S2 N2NW4, SW4NW4, NW4SW4 NE4NW4, N2NE4, SE4NE4 N2. NE4SW4. N2SE4. SE4SE4 Township 38 North. Range 92 West. 6th P.M. Section 1: Lots 1-11. SW4NE4, SE4NW4, NW4SE4 Township 39 North. Range 91 West. 6th P.M. Section 28: Section 29: Section 30: Section 31 Section 32: Section 33: All All Lots 3-8, E2, E2SW4, SE4NW4 All All All Township 39 North. Range 92 West. 6th P.M. Section 25: Section 35: Section 36: S2SE4,NE4SE4,SE4SW4 E2SE4. SE4NE4 All Fremont County, Wyoming Township 36 North. Range 87 West. 6th P.M. Section 24: SE4SE4 Section 2S: NE4NE4 Ànd any rights accruing from the drill-site spaced unit for the Waltman 21-19 Well. NauonaCounty,WyoßÙng Graham Unit #2 Township 37 North. Range 89 West. 6th P.M. Section 3: Lots 1-4, S~N~ Natrona County, Wyoming GOVERNMENT BRIDGE WOLF DRAW UNIT JAMES CREEK ROCK ISLAND UNIT BARREL SPRINGS MARIANNE FIELD Township 31 North. Ran~e 82 West. 61h P.M. Section 19.20,21,26 Townslúp 31 North. Ranie 83 West 6th P.M. Section 24 ÜOû696 Natrona County. Wyoming Township 52 North. Ran~e 68 West 61h P.M. Section 18: Lots 3. 4, E~SWY., SE~ Section 19: Lot 1 T ownshjp 52 North. Ran¡e 69 West. 6th P.M. Section 13: Lot 16 Section 24: Lot 1 Crook County, Wyoming Credo Federal #1-6 Township 14 North. Ran¡e 103 West. 6da P.M. Section 6: NE~ Britz Federal #1 Township 15 North. Ranie 103 West 61h P.M. Section 31: SE Y. Sweetwater County, Wyoming #4-H Township 19 North. Ran¡e 97 West. 6th P.M. Section 4 Sweetwater County, Wyoming #1-36 Township 16 North. Ran¡e 94West. 6111 P.M. Section 36 Swee~ter County, Wyoming Anderson 12-1 Townsh¡p 20 North. Ran¡e 103 West. 61h P.M. Section 12: SE~ Madex 13-1 Township 20 NQ~ie 10J West 6th ~,M, Section 13: SW~ WHISKEY BurrES UNIT WINDMILL (MUDDY) MADDEN UNIT MESA UNIT Madex 18-1 Township 20 North. Range 102 West. 61h P.M. Section 18: SWY4 Madex 24-2 Townshij) 20 North. Range 103 West. 61h P.M. Section. 24: NWV. Steve Federal 14-1 Township 20 North. Range 103 West. 61h P.M. Section 14: SE V. Sweetwater COWlty, Wyoming Township 21 North. Range 111 West. 61h P.M. Section 6: SY2SWY4 Township 21 North. Range 112 West. 61h P.M. Section 18: EY2SWY4, SEY-.NEY-. Lincoln COWlty, Wyoming Raybourn #11-5 Township 50 North. Range 69 West. 61h P.M. Section 5: NWV.NWY-. Campbell COWlty, Wyoming Township 39 North. Range 90 West. 61h P.M. Section 23: SEY4NEY4, EY2SWY4, SEY-. Section 24: SWY4NWY4, NWY4SWY-. Section 26: NWY4NEY4, EY:zNWY-. Fremont County, Wyoming Townshij! 32 North. Range 109 West. 61h P.M. Section 5: SWY-.SWY-. Section 6: SY2SEV., SEY4SWV. Section 7: NEY4, EY:zNWY4, N~SEY4 Section 8: WY:zNWv., NWY4SWV. Section 9: S~SWY4, SWV.SEY4 Section 16: WY2, NEV., N~SEV., SWY4SEY4 Section 17 SEY4NEY4, NEY4SEY4 ûOô697 MESA UNIT . (;00698 Township 33 North. Ran~e 109 West. 6th P.M. Section 19: EYíEŸ2SE~, EY1SE~NE~, SE~NE~NE~ Section 20: SŸ2NW~, SY:zNY:zNW~, SW~NE~, SYíNW~NE~, SW~NE~NE~, WŸ2SE~NE~, SW~, WŸ2SE~, WY1E~SE~ Section 29: NY3NY3NW~, NY1NW~NE~, NW~NE~NE~ Section 30: NE~NE~NEY-t Sublette County, Wyoming COW CREEK UNIT Township 16 North. Range 91 West. 6th P.M. Section 6: Lot 27, SEY4SW~ Section 7: Lot 5, 6, 7, 8, EYíNW~, NEv..SWY4 Section 18: Lot 5 Township 16 North. Range 92 West. 6th P.M. Section 1 : SE Y4SE ~ Section 11: EŸ2SEY-t Section 12: S~, NE~, EY3NWY4, SWY4NW~ Section 13: NŸ2, NŸ2SWY4, SE~SW~, NW~SEY. Section 14: NE~NEY. Carbon County, Wyoming DOTY MOUNTAIN (CBM) UNIT Township 17 North. Range 91 West. 6th P.M. Section 11: S Ÿ2S ~ Section 12: SWY4SW~ Section 13: WYí Wlh Section 14: All Section 15: EYÆlh, SlhSW~, SW~SE~ Section 21: EY:£Ÿ2 Section 23: All Section 24: Lots 4, 5, 12, 13 (aka W/2W/2) Section 26: NY3NYí Section 27: NY3NYí Section 28: NE~NE~ Carbon County, Wyoming 1. The interest in the Long Butte Unit described on Page 4 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Long Butte Unit. 2. The interest in the Rock Island Unit described on Page 5 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Rock Island Unit. 3. The interest in the Wolf Draw Unit described on Page 5 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Wolf Draw Unit. 4. The interest in the Whiskey Butte Unit described on Page 6 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Whiskey Butte Unit. (;00699 5. . The interest in the Madden Unit described on Page 6 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Madden Unit. 6. The interest in the Mesa Unit described on Page 5, 6 and 7 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Mesa Unit. 7. The interest in the Cow Creek Unit described on Page 7 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Cow Creek Unit. 8. The interest in the Doty Mountain (CBM) Unit described on Page 7 of this Exhibit A shall include any and all rights accruing pursuant to ownership in the Doty Mountain (CBM) Unit. 9. The interests included in the wells and fields described on this Exhibit A in the Waltman 21- 19, James Creek and Marianne leases shall include any and all rights accruing pursuant to ownership in these leases. 10. This Exhibit A has been provided by Double Eagle Petroleum Co., fonnerly known as Double Eagle Petroleum and Mining Company with the intent of providing collateral for the attached mortgage. American National Bank has relied on the accuracy and completeness of the legal descriptions provided above. If the entire interest owned by Double Eagle Petroleum Co., fonnerly known as Double Eagle Petroleum and Mining Company in any of the wells, fields and units included in this Exhibit A is found to be in error, it is the intent of the parties hereto to include all interests owned by Double Eagle Petroleum Co., formerly known as Double Eagle Petroleum and Mining Company as a part of the collateral.