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SIGNED AS TO TRANSFER AND ACCEPTANCE this 24th day of February
ASSIGNOR L.M. Grace, Jr.
By L.M. Grace, Jr
Title President
Attest
Assignee (1) Baseline Miner.
By Joseph W. Tha
Title President
Attest
Assignee (2)
By
Title
Attest
STATE OF WYOMING
COUNTY NATRONA
This instrument was acknowledged before me this 3 r d d ay o M arch 2000, by L.M. Grace, Jr.
1 -41.6e� )AL /4?
Notary Public
STATE OF COLORADO
CITY AND COUNTY OF DENVER
This strumerf was acknowledged before me this 24th day of February, 2000, by Joseph W. Thames, President of Baseline Minerals, Inc.
N ry v
lotary Pub
lrYttfo
r i a l E l i k :A R Y fa 1..I B t. I c
e'• 1 N PPEYSA M. ERICKSON
F; COUNTY OF NATRONA
'J; STATE OF WYOMING
My Commission Expires Sept 5, 2002
My Commission Expires:
Assignment Requirements
7 0i
ls, Inc.
076
20 00
Note: Assignments are not valid until approved by the Director, State Land and Farm Loan Office as ,per State Oil Gas Lease Terms, and approval is solely for administrative purposes and should not be interpreted
t I an Iii a i ent h. 1 al o e itabl int in le si en s whi h o not meet e uirement li ted below and tho a in th Lease and R s will be retume
111
w1
to
0
un.II v e.
1. This form must be completed and submitted for any assignment of State Oil Gas Lease leasehold interest, undivided or divided as to separate tracts, formations, zones or deposits, and for overriding royalty
interest.
2. Assignments of less than a 100% leasehold interest, do not relieve the assignor of the obligations as a lessee under the terms of the lease regarding the interest conveyed unless the State first has in hand,
a written agreement to be bound as lessee for all obligations under the lease for the assigned portion from the assignee. This requirement should not be construed in any way as a release or recision of the
obligations of any surety bonding parties under the requirements of the State Oil and Gas Lease, Board Rules or this assignment. (All lessees are ultimately responsible for the performance under the lease,
and default subjects the entire lease to forfeiture not just the interest related to any performance obligation considered to be in default.)
3. A signed original and one copy of each assignment must be filed with the Wyoming State Land and Farm Loan Office.
4. Each assigmnent, if approved, is recognized by the State as effective as of the date of approval by the Director. Adequate bond must be furnished covering any and all productive zones prior to approval
of any assignment of interest in an operating State oil and gas lease, whether wellbores exist on the leased lands or not, and in no case can drilling operations, including to prospectively productive zones
under operating leases, begin without a bond first being in place.
5. If there is more than one party in interest to this assignment, then all such parties in interest must sign the document before assignment approval will be given.
6. The appropriate legal description of the conveyed lands interest must be given.
7. Assignments creating a separate (reissue) lease subject to the rules and regulations governing all State of Wyoming Oil Gas Lease do not change the terms and conditions of the original lease, the lease
anniversary date, nor the obligations and anniversary date of the lease created therefrom being considered as if it had been issued on the effective date of the original lease. (See Board Rules, Chapter 6,
Section A.)
8. Corporations, limited liability companies, and limited partnerships must be qualified with the Wyoming Secretary of States Office, and general partnership papers are required to be filed with the State Land
and Farm Loan Office prior to, and as a condition of Board approval of any assignment.
9. Assignments will not be considered for approval where assignor or any assignee currently has a delinquent (late) royalty or rental payment obligation(s) for any State subsurface resource lease.