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Home My WebLink About977772ASSIGNMENT OF OVERRIDING ROYALTY INTEREST This Overriding Royalty Assignment is made this 19th day of July, 2014 by TRAIL ENERGY, LLC, with an address of 6029 W. Sage Fork Rd., West Jordan, Utah, 84081, (hereinafter called "Assignor"). Assignor owns a working interest in Oil, Gas and Mineral Leases (the "Leases covering lands located in Lincoln County, Wyoming (the "Lands The Leases and Lands are described on Exhibit "A" to this Assignment and is deemed a Renewal Lease from the previously recorded overriding royalty assignment as described in Exhibit "A For adequate consideration, Assignor transfers, assigns and conveys to the following named parties (collectively called "Assignee in the proportions indicated, an overriding royalty interest in all of the oil, gas and other minerals produced, saved and marketed from all of the Lands and Leases equal to a total of 2.00% of 8 /8ths (the "Override Monty E. Hoffman 6565 West Hoover Place Littleton, Colorado 80123 Paul R. Lamerson 1941 South Parfet Drive Lakewood, Colorado 80227 1.25% of 8 /8ths .75% of 8 /8ths The Override assigned to Assignee is subject to the following provisions: 1. The terms of the Leases, any amendments, corrections, additions, or modifications of the Leases made prior to or after the execution of this Assignment. Assignee agrees that future amendments corrections, additions, or modifications of the Leases may be made without the consent or ioinder of Assignee. 2. All applicable laws, rules, regulations and orders of appropriate governmental authorities and agencies having jurisdiction over the Lands and Leases. 3. The Override is assigned free and clear of all costs and expenses of exploration, drilling, development and operation, but except for and subject to its proportionate share of actual third party costs incurred for gathering, transportation and marketing, and its proportionate share of severance, ad valorem and other similar taxes. No payments to the Override will be made or shall accrue on any oil, gas and casinghead gas or other hydrocarbon substances or minerals used for operating, developing, or producing purposes on the Lands under the Leases, or in treating the products produced to make them marketable, or which are unavoidably lost. No payments shall be made to the Override on gas and casinghead gas used for recycling or repressuring operations that benefit the Leases. 4. All payments to the Override shall be made or delivered to Assignee in the same manner provided in the Leases for the payment of royalty to the lessors. 5. If a Lease or Leases cover less than the entire mineral estate in the Lands, Assignor's working interest represents less than 100% of the leasehold estate in a part of all of the Lands, or if for any reason title should fail as to all or a part of the leasehold estate owned by Assignor, the Override assigned to Assignee shall be reduced proportionately as to the affected Lease and Lands. 6. In the event the Leases are renewed, or the primary term of the Leases extended by the Action of Assignor's or Assignor's successors, assigns and /or legal representatives, then the Override shall remain a burden against the Lease as so extended, or against the renewed Leases. 7. This Assignment may be subject to a certain Term Overriding Royalty "Term ORRI as previously agreed to by Assignee. In the event the Lands and Leases are actually subject to the Term ORRI, Assignee shall immediately assign its pro -rata share to the Term ORRI owner in the same form as previously assigned and recorded. Should Assignee fail to make this assignment, Assignee shall be solely liable for its pro -rata share of Term ORRI it failed to assign to the Term ORRI owner. 977772 7/28/2014 4:49 PM LINCOLN COUNTY FEES: $24.00 PAGE 1 OF 5 BOOK: 837 PAGE: 9 ASSIGNMENT JEANNE WAGNER LINCOLN COUNTY CLERK 11IIIII110I0 II l 011 1 II 111111 III0 III 11!1111 III uii II III 1111 Page 1 1 of 3 The terms and provisions of this Assignment shall inure to the benefit of Assignor and Assignee and ne'rs. legal representatives. successors and /or assigns. 115, +-+te;r heirs, 6t IN WITNESS WHEREOF, Assignor has executed and delivered this Overriding Royalty Assignment to Assignee, the day and year first above written. TRAIL ENERGY, LLC B p ,,efa� Jon an Baker Landman STATE OF UTAH COUNTY OF SALT LAKE MASON NOWELS I Notary Pubtic I State of Utah I Comm. No. 664735 My Comm. Explres Jul 1. 2017 I ACKNOWLEDGEMENT The foregoing Assignment was acknowledged before me on the 4"`f day of ^E3 2014, by Jonathan Baker, who, being by me duly sworn did say that he is the Landman for Trail Eergy, LLC, a Utah Limited Liability Company, and that the instrument was signed in behalf of the company and that he acknowledged the instrument to be the free act and deed of the company. 4 1 GIVEN UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on this f7 day of 2014. o ry Public in and for the State of Utah My Commission Expires: d 7' /c Page 2of3 STATE OF COLORADO COUNTY OF Dower 2014. SANDRA N. SANCHEZ NOTARY PUBLIC STATE OF COLORADO NOTARY ID 19g64O205O8 MY COMMISSION EXPIRES NOVEMBER 25, 2016 STATE OF COLORADO COUNTY OF 2014. Monty E. Hoffman The foregoing Assignment was acknowledged before me on the 25 1:6- day of ZJi..tY1l 2014, by Monty E. Hoffman, who, being by me duly sworn did say that he is an individual, and that the instrument was signed in behalf of the himself and that he acknowledged the instrument to be the free act and deed of the individual. GIVEN UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on this 2 day of C Line Notary Public in and for the State of Colorado My Commission Expires: Ve..17(,6cr 2S O f Paul R. Lamerson By The foregoing Assignment was acknowledged before me on the day of 2014, by Paul R. Lamerson, who, being by me duly sworn did say that he is an individual, and that the instrument was signed in behalf of the himself and that he acknowledged the instrument to be the free act and deed of the individual. GIVEN UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on this day of Notary Public in and for the State of Colorado My Commission Expires: Page 3 of 3 STATE OF COLORADO COUNTY OF 2014. 2014. 0 0%111 1 I I1 o A B. E( Sgi �•oc NQTAR y -6 PUBIA eoi WAS 1 11 Monty E. Hoffman By The foregoing Assignment was acknowledged before me on the day of 2014, by Monty E. Hoffman, who, being by me duly sworn did say that he is an individual, and that the instrument was signed in behalf of the himself and that he acknowledged the instrument to be the free act and deed of the individual. GIVEN UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on this day of Wer_si n y STATE OF COL COUNTY OFh J '7 ?7 Notary Public in and for the State of Colorado My Commission Expires: Paul R. Lamerson By The foregoing Assignment was acknowledged before me on the day of t 1 V 2014, by Paul R. Lamerson, who, being by me duly sworn did say that he is an individual, an that the instrument was signed in behalf of the himself and that he acknowledged the instrument to be the free act and deed of the individual. GIVEN UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on this Notary Public in and for the S f 1- k( /�.5 R U77' S c Cam' My Commission Expires: a f 1 1`7 Pagel 3 of 3 Original Lease Renewal Lease Expired Lease Doc. BK PG Renewal Lease Renewal Date State County TWP RGE MER SEC PTN Acres WYW- 156807 929793 659 606 WYW 183079 June 1, 2014 Wyoming Lincoln 19N 118W 6th PM 34 All 640 Exhibit "A" Attached to and made a part of that certain Assignment of Overriding Royalty Interest by and between Trail Energy, LLC, Monty E. Hoffman and Paul R. Lamerson