HomeMy WebLinkAbout893426ASSIGNMENT OF
RECEIVED
LII','OOL3'-I COLINTY CLERK
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This Assignment of Overriding Royalty Interests (this "ORI Assignment"~ci; made by
and among Intrepid Oil & Gas, LLC, whose address is 700 17th Street, Suite 1700, Denver,
ColoradO 80202, Emerald Resources, Inc., whose address is 934 South Fillmore Way, Denver,
Colorado 80209, and Robert J. Gnmdy & Associates, LLC, whose address is 22226 Meadow
View Road, Morrison, Colorado 80265 (hereinafter collectively referred to as "Assignors") and
Terry W- Donze, Whose address is 4048 Simms Street, Wheatridge, Colorado 80033 (hereinafter
referred to as "Assignee") (all parties hereto sometimes collectively referred to as the "Parties").
WHEREAS, Assignors own certain overriding royalty interests described on Exhibit "A"
attached hereto as "Assignors Overriding Royalty Interest" ("Assignors' ORI") burdmfing those
lands and leases described on Exhibit "A" (the "Leases").
WHEREAS, it is the intent of the Parties by this ORI Assignment to accomplish
conveyance of ii portion of Assignors interest to Assignee' and to stipulate to the remaining
portions of Assignors ORI's not cOnveyed to Assignee hereUnder.
NOW THEREFORE, in consideration of the premises and for Ten Dollars ($10.00) and
other good and valuable consideration, the receipt and sufficiency of which is hereby
acknoWledged by each of the Parties, the Parties agree as follows:
1. Assignors hereby grant, bargain, assign, convey and stipulate to the Parties the overriding
royalty interest in the percentages shown on Exhibit "A" under the colunm entitled aORI
Stipulated/Conveyed".
The overriding'royalty interests conveyed in this ORI Assigmnent (the "Conveyed ORI's")
are granted pursuant to the following further terms and conditions:
A. The Conveyed ORI's are subject to the provisions of the Leases which they respectively
burden, as presently or hereafter amended.
The Conveyed ORI's are Payable out of and only out ofoil and gas produced, saved and
marketed pursuant to the Leases and any leases pooled, unitized or commUlfitized
therewith.
C. The Conveyed ORI's shall not, in any event, be paid or accrued upon any oil, gas,
casinghead gas and other hydrocarbon substances used for oPerating, development or
production purposes upon the lands described in Exhibit "A" or pooled therewith or
unavoidably lost; and no Conveyed ORI's shall be paid upon gas used in repressuring or
'. recycling operations or pressure maintenance operations benefiting such lands.
The provisions hereOf, shall inure to the benefit of and be bin'ding upon the respective
successors and assigns of the Parties.
'704
IN WITNESS WHEREOF, the Parties have executed and delivered this 0RI Assignment
effective as of hq ~ I t -g-totg-7_.
INTREPID 0IL & GAS, LLC
obe ¢Jorn d -
Attorney h~ ~ct ~
EMERALD RESOURCES, INC.
Maufedn S. Schultz
Vice President
ROBERT J. GRUNDY & ASSOCIATES, LLC
Robert j ' Cffrtindy 4/
Manager
TE.RRy W. DONZE
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STATE OF COLORADO )
'CouNtY OF DENV~P, )
On the day of May, 2002, personally appeared before me Robert P. Jomayvaz 1II who
being by me duly sworn did say that he is the Attorney;in-Fact for Intrepid Oil & Gas, LLC, and is
anthorized to execute this assignment.
Wimess my hand and official seal.
Address: 700 17'~ Street, Suite 1750
Denver, CO 80202
~day ofM
On the ' ay, 2002, personally appeared before me Robert J. Grundy who being by
me duly sworn did say that he is the Manager for Robert J. Grundy & Associates, LLC, and is authorized
to execute this assignment.
Witness my hand hnd official seal.
My Commission Expires:6~
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Address: 700 17a Street, Suite 1750
Denver, CO 80202
ACKNOWLEDGEMENT
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STATE OF COLORADO
CITY & COUNTY OF DENVER )
On the _ day of May, 2002, personally appeared before me Maureen S. Schultz, Who being
by me duly sworn did say that she is the Vice President for Emerald Resources, Inc. and is aufl~orized to
execute this assignment.
Witness my hand and official seal.
My C~)mm._ ~xxxs~, ~\~e.,4~/)~/ 03
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STATg OF COgO~O )
~jD~ry Public
Address: 700 17th Street, Suite 1750
Denver, CO 80202
CITY & COUNTY OF DENVER )
On the ay of May' 2002, personally appeared before me Terry W. Donze who being by me duly
swOrn did say that is authorized to execute this assignment on his own behalf.
Witness my hand and official seal.
My C°mmission Expires: q / ~10~
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Address: 700 '17m Street, Suite 1750
Denver, CO 80202