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HomeMy WebLinkAbout971521ASSIGNMENT OF OVERRIDING ROYALTY INTEREST STATE OF WYOMING: COUNTY OF LINCOLN: THAT, ENTECH ENTERPRISES, INC., whose address is 4900 Woodway, Ste. 800, Houston, Texas 77056 -1809 (hereinafter referred to as "Assignor for and in consideration of TEN AND NO /100 DOLLARS ($10.00) and other good and valuable consideration, the receipt and sufficiency of which considerations are hereby acknowledged, has GRANTED, BARGAINED, SOLD, CONVEYED and ASSIGNED, subject to the conditions below stated, and by these presents does hereby GRANT, BARGAIN, SELL, CONVEY and ASSIGN unto the following parties, and their successors and assigns, in the proportions set forth opposite their name: Sealark Investments, LLC 4900 Woodway, Ste. 800, Houston, Texas 77056 -1807 D. Stephen Slack 5800 Woodway, Apt. 336, Houston, Texas 77057 Isler Oil, L.P. P.O. Box 5414, Kingwood, Texas 77325 Rave Energy, Inc., dba GEP III P.O. Box 3087, Houston, Texas 77253 R. Michael Rayburn, Jr. P.O. Box 2531, Spring, Texas 77383 Ter -Mar Energy, LLC P.O. Box 368, Groveton, Texas 75845 Phillip G. Ghutzman P.O. Box 550787, Houston, Texas 77255 Stephen Gregory Ghutzman P.O. Box 550787, Houston, Texas 77255 Connie A. May P.O. Box 655, Spring, Texas 77383 Bryan Hawkins 1 Tangle Brush Drive, The Woodlands, Texas 77381 5.0000% 6.8966% 33.2300% 10.0000% 3.7000% 2.4100% 0.2100% 0.2100% 0.1700% 0.0700% Total 61.8966% (hereinafter collectively referred to as "Assignee" whether one or more), Sixty -One and 8,966/10,000 Percent (61.8966 of Assignor's OVERRIDING ROYALTY interest in and to the oil, gas and other minerals produced, saved and marketed from those certain Oil, Gas and Mineral Leases described on Exhibit "A attached hereto and made a part hereof (hereinafter referred to as "Said Leases 00805 Assignor hereby covenants with Assignee, and its successors and assigns, that Assignor will warrant and forever defend title to the interests being herein conveyed in and to Said Leases against the lawful claims and demands of every person claiming or to claim the same or any part thereof, by, through and under Assignor, but not otherwise; provided, however, this instrument is made with full substitution and subrogation of Assignee, in and to all covenants and warranties heretofore given or made in respect of the rights, properties and assets conveyed and transferred hereby, or any part thereof. This Assignment is specifically subject to the terms and provisions of Said Leases, any amendments, corrections, additions or modifications of Said Leases, prior Assignments of Overriding Royalty Interest and all applicable laws, rules, regulations and orders of appropriate governmental authorities and agencies having jurisdiction over Said Leases. This assignment and its terms and provisions shall be binding upon the parties hereto, their respective heirs, successors and assigns forever. (Seal) BEVERLY WRIGHT MY COMMISSION EXPIRES Qt 1 October 12, 2013 EXECUTED this s day of 2013 (the "Effective Time STATE OF TEXAS COUNTY OF HARRIS ASSIGNOR: 2013 but EFFECTIVE as of March 1, ENTECH ENTERPRISES, INC. By: Schwarz, Sr., preside This instrument was acknowledged before me on th S day of 2013 by John F. Schwarz, Sr., President of ENTECH ENTERPRISES, INC., a Texas corporation, on behalf of said corporation. C Notary P for the State of Texas �0 0 LINCOLN COUNTY, WYOMING Lessor: Lessee: Date: Recorded: Description: WELL(S): February 28, 1983 FONTENELLE II UNIT EXHIBIT "A" United States of America W -38501 T25N -R111 W, 6 th PM Section 6: Lots 6, 7, E/2 SW /4, SE /4 Section 7: Lots 3, 4, E/2 SW /4, SE /4 O S (Y