HomeMy WebLinkAbout876732 ASSIGNMENT OF OVE~ING ROYALTY
KNOW ~L ~N BY T~SE P~SENTS THAT:
IN CONSIDERATION of the sum of Ten Dollars ($10.00) and other good and valuable
consideration, ROSE EXPLORATION ASSOCIATES, LLC., Colorado Limited Liability
Company, 518 17th Street, Suite 430, Denver, Colorado 80202, hereinafter called "Assignor",
does hereby assign, transfer, grant and convey the overriding royalty interests as set forth below
unto the following, hereinafter called "Assignees":
Rose Exploration Associates, LLC 1.071450% 0f 8/Sths (0.01071450)
a Colorado Limited Liability Company
518 17th Street, Suite 1200
Denver, Colorado 80202
John N: Edwards 0.535710% of 8/8ths (0.00535710)
265 Monroe Street
Denver, CO 80206
Gerard Geosciences, Inc. 0.535710% of 8/Sths (0.00535710)
a Colorado Corporation,
4031 East 115th Place
Thornton, CO 80233
Miller Oil Company, Ltd. Liability Co., 0.535710% of 8/Sths (0.00535710)
a Colorado Limited Liability Company,
8267 South Ogden Circle
Littleton, Colorado 80122
Rose Exploration, Inc., 0.535710% of 8/Sths (0.00535710)
a Colorado Corporation,
12442 West 16th Drive
Lakewood, Colorado 80215
M.E. Wynne 0.53571.0% of 8/Sths (0.00535710)
518 17th Street, Suite 430
Denver, COlorado 80202
TOTAL 3.750% of 8/Sths (0.03750)
Assignor is assigning the above d,escribed Overriding Royalty Interests unto the Assignees
in and to all Oil, Gas and other minerals .produced, saved and sold, if, as and when produced,
saved and sold, but not otherwise, from the lands set out and covered by the Oil and Gas Leases
described on Exhibit "A" attached hereto and made a"part, hereof, hereinafter called the "Lease".
Said Overriding Royalty Interest shall be free and clear of all development, production,
marketing and operating expenses; however, said interests shall bear and pay currently its portion
of gross pr6duction taxes, pipeline taxes, and all other taxes assessed against the gross production
subjec~ to said Overriding Royalty Interest.
It is understood and agreed that the Working Interest Owners shall have the right to pool
the "Lease" and the lands covered thereby, or any part thereof, with other lands and leases into
voluntary units, or into units established by any governmental authority having jurisdiction, and if
said "Lease" or any part thereof are pooled accordingly, then the overriding royalty herein
conveyed shall be reduced in the proportion that the acreage is burdened by said overriding
royalty interest bears to all acreage included in any such pooled unit.
This assignment of Overriding Royalty Interests is made without warranty of title, either
express or implied.
This assignment is made subject to those Certain agreements: Contractor Agreement,
effective 11-1-93, as amended, by and between Petral Exploration, LLC and Rose Exploration
Associates, Ltd. Liability Company.
This assignment shall be binding upon and inure to the benefit of the respective parties
hereto, their heirs, successors, representatives and assigns.
IN WITNESS WHEREOF, the said ROSE EXPLORATION ASSOCIATES, LTD.
LIABILITY CO., as Assignor, executed this instrument this (~' day of ~ , !q~q.~,.
ROSE EXPLORATION ASSOCIATES, LLC. ROSE EXPLORATION ASSOCIATES LLC
A Colorado Limited Liability Company A Colorado Limited Liability Company
M.E. {vVynne, M~nager Leo C. Gerard, Manager
ACKNOWLEDGEMENT
STATE OF COLORADO )
) ss.
COUNTY OF DENVER )
On this./_~_~, day of -~-kkk(41gal,J~, I ~( ~ 9, before me personally appeared M.E. Wynne
and Leo C. Gerard, to me per~nally known, who, being by me duly sworn, did say that they are
Managers of ROSE EXPLORATION ASSOCIATES, LLC., and that the seal affixed to said
instrument was signed and sealed on behalf of said ROSE EXPLORATION ASSOCIATES,
LLC., and said M.E. Wynne and Leo C. Gerard acknowledged said instrument to be the free act
and deed of said company.
WITNESS my hand and seal this /,~ day of &xf~///,4/~ , /~2d~q.
d
. My Commission expires: o2/Itg/~)O
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