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ASSIGNMENT OF OVE~DING ROYALTY INT~OP~,~'t,": ~. : .... I', t
KNOW ALL MEN BY THESE P~SENTS THAT: 'B~K~,7~_PR PAGE_ 4 6 1
IN CONSIDE~TION of the sum of Ten Dollars ($10.00) and other good and valuable
consideration, ROSE EXPLO~TION ASSOCIATES, LLC., Colorado Limited Liability
Company, 518 17th Street, Suite 430, Denver, Colorado 80202, hereina~er called "Assignor",
does hereby assign, transfer, grant and convey the overriding royalty interests as set fo~h below
unto the following, hereina~er call ed" ' "
Assignees:
John N. Edwards 0.053572% of 8/Sths (0.00053572)
265 Monroe Street
Denver, CO 80206
Gerard Geosciences, Inc. 0.053572% of 8/8tbs (0.00053572)
a Colorado Corporation,
4031 East 115th Place
Thornton, CO 80233
Miller Oil Company, Ltd. Liability Co., 0.053572% of 8/Sths (0.00053572)
a Colorado Limited Liability' Company,
8267 South Ogden Circle
Littleton, Colorado 80122
Rose Exploration, Inc., 0.053572% of 8/Sths (0.00053572)
a Colorado Corporation,
12442 West 16th Drive
Lakewood, Colorado 80215
M.E. Wynne 0.053572% of 8/Sths (0.00053572)
518 17th Street, Suite 430
Denver, Colorado 80202
TOTAL 0.267860% of 8/Sths (0.00267860)
Assignor is assigning the above described 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 production taxes, pipeline taxes, and all other taxes assessed against the gross prOduction
subject 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 shall be binding upon and inure to the benefit of the respective part/es
hereto, their heirs, successors, representatives and assigns.
', ~ ,,,, ,:t=cutect rms Instrument tlais~ day of~l:L~/d~ ~
ROSE EXPLO~TION ASSOCIATES, LLC. ROSE EXPLO~TION ASSOCIATES LLC
A Colorado Limited Liability/Company A Colorado Limited Liability Company
Jo~N. Edwarhs, Man~g;r ' /
Leo C. Gerard, Manager
ACKNOWLEDGEMENT
STATE OF COLO~DO )
) ss.
CO~TY OF DENVER )
On this~ day of ~ ~, before me personally appeared John N.
Edwards and Leo C. Gerard, to me personally ~o~, who, being by me duly sworn, did say that
they are Managers of ROSE EXPLO~TION ASSOCIATES, LLC., and that the seal affixed to
said instrument was signed and sealed on behalf of said ROSE EXPLO~TION ASSOCIATES,
LLC., and said John N. Edwards and Leo C. Gerard ac~owledged said instrument to be the free
act and deed of said company.
WImESS my hand and seal this ~day of j/~/.g~ ~.
My Commission expires: ~//~/~¢
........ Denver, CO 80293