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HomeMy WebLinkAbout974506NOTICE OF ASSIGNMENT (Kaiser —Francis Oil Company) Lease 14427 WSA 33 -5 .0000010 ORI Section 33, 25N-111W Lincoln County, Wyoming Lease #14443 Reservoir 65 -1 .0000006 ORI Section 1, 24N -112W Lincoln County, Wyoming Lease #14445 WSA 33 -8 .0000010 ORI Section 33, 25N-111W Sweetwater County, Wyoming THIS ASSIGNM NT OF OWNERSHIP INTEREST (the "Assignment is made and entered into as of the I�' day of IVl6t -ok 2013 by and between the Estate of Emil Hecht "Assignor and Judy Hecht Dumontet and Jeffrey Hecht "Assignees TAX/1189396.1 RECITALS This Assignment is made with reference to the following facts: 1. Emil Hecht died on December 12, 2010. RECEIVED 12/13/2013 at 10:13 AM RECEIVING 974506 BOOK: 825 PAGE: 287 JEANNE WAGNER LINCOLN COUNTY CLERK, KEMMERER, WY 0,.;87 2. Pursuant to the Will of Emil Hecht "Will dated November 20, 2010, the assets of his estate are to be distributed one -half to Judy Hecht Dumontet, and one -half to Jeffrey Hecht. WHEREAS, the interest in the property described above is hereby assigned one -half to Judy Hecht Dumontet, and one -half to Jeffrey Hecht. WHEREAS, in accordance with the terms and provisions of the Lease Agreement, Assignor and Assignee intend to serve notice to Third Party to the Lease Agreement of the transfer and conveyance as described in the Transfer Agreement. NOW, THEREFORE, THIS NOTICE OF ASSIGNMENT WITNESSES THAT in consideration of the mutual advantages to the parties hereto, notice is hereby given, as follows: 1. Assignor: Estate of Emil Hecht TAX/ 1189396.1 2. Assignees: Judy Hecht Dumontet SSN: 522 -68 -1701 156 North Las Palmas Los Angeles, California 90004 Jeffrey Hecht SSN: 523 -76 -0978 161 South Glencoe Street Denver, Colorado 80246 3. Current Third Party Operator: Kaiser Francis Oil Company 6733 South Yale Avenue Tulsa, Oklahoma 74136 4. Assigned Interest: 04,88 Transfer Agreement covers 100% of Assignor's entire undivided right, title and interest in the Lease Agreement but shall not include rights of the Assignor as operator "Assigned Interest 5. Subject to Clause 7 of this Notice of Assignment, Assignor and Assignees, in accordance with the terms of the Transfer Agreement, acknowledge that: (i) Assignor has transferred and conveyed the Assigned Interest to the Assignees as of the date of this agreement; and (ii) Assignees agree to replace Assignor, on and after the date of this agreement, as a party to the Lease Agreement with respect to the Assigned Interest; and (iii) Assignees agree to be bound by and observe all terms, obligations and provisions in the Lease Agreement with respect to the Assigned Interest on and after the date of this agreement. 6. Subject to the terms and provisions of the Transfer Agreement, Assignees: (i) discharge and release the Assignor from the observance and performance of all terms and covenants in the Lease Agreement and any obligations and liabilities which arise or occur under the Lease Agreement with respect to the Assigned Interest, on and after the date of this agreement; and 2 7. Assignees and Assignor agree that in all matters relating to the Lease Agreement with respect to the Assigned Interest, subsequent to the date of this agreement, Assignor acts as trustee for and duly authorized agent of the Assignees; and Assignees, for the benefit of the Third Party Operator, ratify, adopt and confirm all acts or omissions of the Assignor in such capacity as trustee and agent. Date: 8. This notice of Assignment shall become binding on all parties to the Lease Agreement on the date signed. In addition, Assignor and Assignees agree that they shall be solely responsible for any adjustment between themselves with respect to the Assigned Interest as to revenues, benefits, costs, obligations or indemnities. IN WITNESS WHEREOF this Notice of Assignment has been duly executed by the Assignor and Assignee on the date indicated for each below: Estate of Emil Hecht Ass': or Gilb umontet, Personal Representative QS Zo13 STATE OF CA County of The fOregoin instrument vas a cknowled g ed before e on My Commission Expires: [SEAL] TAX/ 1189396.1 (ii) do not release and discharge the Assignor from any obligation or liability which had arisen or accrued prior to the date of this agreement or which does not relate to the Assigned Interest. s s. 12. Mc. 5' EMMANUEL GARCIA Commission 1925370 Notary Public California z z A Los Angeles County b My Cori Expires Feb 12, 2015 Notary Pu 3 0 ;89 2013 by Judy Hecht Dumo tet Assi Judy Date: umontet, Individually o3j 7— e t "z.10/ STATE OF ss. County of 1-.75 5 Suoll <434i- vvio."..v.c._+ he for oing iNtrwiNt aclinoIledged before e o 2- 2013 by My Commission Expires: [SEAL] Jeffrey H Assignee Jeffrey Hecht, Individually Date: O Vi(j (l'n I Notary P EMMANUEL GARCIA Commission 1925370 Notary Public California Los Angeles County My Comm. Expires Feb 12, 2015 STATE OF ss. County of My Commission Expires: [SEAL] TAX/ 1189396.1 The foregoing instrument was acknowledged before me on 2013 by Notary Public 4 0290