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HomeMy WebLinkAbout893427BOOK R PAGE ASS~~I~T OF OVERRIDING ROYALTY INTERESTS RECEIVED LINCOLN COUNT" CLERK This Assigmnent of Overriding Royalty Interests (this "ORI Assignment") is made by and among I_Intrepi~d Oil & Gas, LLC, whose address is 700 17t~ 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 Ter~__~ W.~_anze, 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, it is the intent of Assignors to convey certain overriding royalty interests to Assignee as described on Exhibit "A" attached hereto as" Overriding Royalty Interest Conveyed" ("ORI COnveyed") burdening .those lands and leases described on Exhibit "A" '(the "Leases")'. NOW THEREFORE, in consideration of the premises and for Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiencY ofwtfich is hereby acknowledged by each of the Parties, the Parties agree as follows: 1. Assignors hereby grant, bargain, assign, and convey to Assignee the overriding royalty interest in the percentage shown on Exhibit "A" under the colunm entitled "ORI Conveyed", o Assignors herebY agree that the overriding royalty interest conveyed shall be borne by Assignors in the percentages shown under the column entitled "ORI Conveyed". The oVerriding royalty interests conveyed in this ORI Assignment (the "Conveyed ORI's") are granted pursuant to the following further terms and conditions: 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. communitized therewith. Co 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. 4. The provisions here°f shall inure to the benefit of and be binding upon the respective successors and assigns of the Parties. o~ ~ ? 71.0 IN wITNEss WHEREOF, the Parties have executed and delivered this 'OKI Assignment effective as o£ '~(h.~ ( I ~ O~ . INTREP}D OIL & GAS, LLC Attorney in Fact EMERALD RESOURCES, INC. n S. Schultz . ..-~ Vice President · ROBERT J. GRUNDY & ASSOCIATES, LLC Manager TERRY W. DONZE /. ~o ~0 · © 712 STATE OF COLORADO ) COUNTY OF DENVER ) On the~)4''1 k day of May, 2002, personally appeared before me Robert P. Jomayvaz [] who being by me duly sworn did say that he is the Attorney-in-Fact for Intrepid Oil & Gas, LLC, and is authorized to execute this assignment. Wimess my hand and official seal. ~,,~ OS tv~.y./:COd~zission Expires: ~ /7,,-(~1 0S ~.. '.~( ~_ ~-4r: N~tary Public // Address: 700 17m Street, Suite 1750 Denver, CO 80202 COUNTY OF DENVER ) On the"'~day of May, 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 assigmnent. Witness my hand and official seal. My Commission Expires:q I '/-~]0~ )qoUm ry Public Address: 700 17m Street, Suite 1750 Denver, CO 80202 ACKNOWLEDGEMENT 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 flint she is the Vice President for Emerald Resources, Inc. and is authorized to execute tiffs assignment. Witness my hand and official seal. STATE OF COLO~O ) NOtary Public 0 Address: 700 17m Street, Suite 1750 Denver, CO 80202 CITY & COUNTY OF DENVER ) On the day of May, 2002, personally apPeared before me Terry W. Donze who being by me duly sworn did say that is authorized to execute this assigmnent on his own behalf. Witness my hand and official seal. MY ,Conmfission Expires: ~ [-'2~/~ ~,-~,..' ¢o~A~ .? ~ ~ uF Gu~xxXXx' l',t~tary Public Address: 700 17a' Street, Suite 1750 Denver, CO 80202