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Home My WebLink About878506 State of Wyoming Effective 11/86 Board of Land Commissioners Return to: Form ML-2 Oil & Gas Lease Interest Assignment (Revised 4-96) State Land & Farm Loan Office. Filing Fee -225.00 Nou-Refundable 122 West 25th Street Hersehler Building, 3 West Cheyenne, WY 82002-0600 Wyoming Oil& Gas Lease Serial Number 01-00426 Assign nenrAppro~al Date ASSIGNOR, wit'h name and address at, }'AGE 204 Baseline Minerals, Inc, 1645 Court Place, Suite 422 Denver, CO 80202 being the owner of.100% percent Leasehold O-t~ '~.,- -' LERk (Type Interest l~ea§ehbl~(9~bfating Rights/Overridin~ Ro)*/iR-~)t interest in this lease, described in particular if less than the total leasehold ~: Townsliip20 Norl ~, Ranao 116 West, 6* P M Section 36: AIl Lincoln Cmmty, Wyoming 640.00 acre more or less For good and valuable consideration, hereby assigns to: ********************************************************************* 1) ASSIGNEE, with name and address at: Condor:Exploration, LLC 7720 E. Belleview Avenue, Suite B Englewood, CO 80111 100 percent interest in the total leasehold, or as described in particular above 2~ ASSIGNEE, with name and address at: percent interest in the total leasehold, or as described ia part cular above. 3) ASSIGNEE, with name and address at: percent interest in t'he total leasehold, or as.described in particular above. / 4) ASSIGNEE, with name and address at: percent interest in the total leasehold, or as described in particular above. 5) ASSIGNEE, with name and address at: percent interest in the total leasehold, or as described in particular above and reserving unto ASSIGNOR 0.2222% Overriding Royalty.Interest This assigmnent is subject to any existing overriding royalties previously reserved.: Reservations of overriding interests must be approved by the Director~ and any such approval is subject to the condition that overriding royalties may be canceled by the Board of Land Co~issioners if it finds that such overriding royalties create a burden on the lease which prevents 0r unreasonably interferes with its development.' ASSIGNOR certifies by signature on reverse, that ASSIGNOR is the owner of the :interest above herein transferred, and ASSIGNEE(S) certit~(ies) by signing on the reverse that this assignmer~t cqnstitutes a binding acceptance of all the terms, conditions, stipulations, restrictions and statutes goveming the lease described above, and of the'Rules of the Board, at ChaPter 6, Leasing of Subsurface Resources. · This form may be duplicated. If space is needed for additional assignors or assignees submit copies of ihis form ~only~ Page 1 of 2 of Lease# 01-00426 dated duly20, 2001 glGNED AS TO TRANSFER AND ACCEPTANCE this 20th da5, of :. July 2001. ASSIGNOR ~ Baseline Minerals, Inc. ti t? e, i5,~,~) Assignee (1) - Condor Exploration, LLC By' ~¥~' "' ':' ~ Title - Pres A~est - A~est - Assignee (2) - By- Title - Attest- 205 CITY AN~D COUNTY OF DENVER Thi nl~trument was acknoxyledgetl before me this 20th day of July, 2001, by Joseph W Thaines, President of Baseline Minerals, Inc.. My Commission Expires /9 9~ STATE OF COLORADO CITY AND COUNTY OF DENVER "q(5~Li"~r' '1 ~ .. '~ ';: C T~4~i~strument:was acknowledged before me this ~,~/~J dayof ,~";C.q. ............ ,2001, byNixonR. L~ge, Manager for Condor Ex~lo~a[~b LLG,; .. .. ~ .~' - My Commission Expires: ~ C~ }~:~b Agsignment Requiremen, r~ Note: Assignments are not valid un61 engraved by the Director, State Lm~d and Farm Lo~n Oltiee as per State Oil & Gas Lease Terms, and anoroval is solel9 for administrative pt~rposes and shoald not be iutemreted as warranty that any party fo this assigm~ent holds legal.or equitable interest in lids lease. Assignmenls which do not meet rite requireman;~ listed b~low ~nd thos~ in the Lease and Rides will be t'etum~d amippreved. 1. This form must ha completed.and submitted for any assigranont of State Oil & Gas Lease leasehold interest, tmdivided or divided as to separate tracts, formations, zones or deposits, sod for overriding royalty interest. o o re eve he ass or of t ~e ob 1 aria s as a lessee ruder tle tenns of the ease rega ding t ~o n~terest conveyed unless t m State first has in hand 2. Assiglunen;s of less tbana I00 Ye leasehold interest, do n t ' t 'gn . ' 'g ' q ' ' ' a written agreement to be bound as lessee for all ob igat one t oder tlae lease for tle asSigtted pmiion from the assignee. This requirement should not bo construed in any way as a release or recision of the obl gallons of any surety bonding pat~ies under the reqt irements of the State O I and Gas Lease Board Rules or this assigmnent (All lessees are t timately raspoas hie for the Perfon~ance under the lease and defatllt subjects the entire lease to forfdturo not just the interest related to any perfonnance obligation considered to be in defau t.) 3. A signed original and eec copy of each assigmnent tnust he.filed with the Wyoming State Land and Farm Loan Office. 4. Ea~h assignment, if approved, is recognized by the State as effect ye as of the dare of approval by the Director. Adequate bond must be furnished covering any and all proflnetive zones prior to approval of any assignment of interest in an operating State oil and gas lease whether wellbores exist on the leased lands 0r not, and in no ease eau drilling operations, inehtding to prespeetively prodactive zones under operating leases, begin withoul a bond first being in place. If tbere is more than one party in interest to this assignment, then all such~arti~i in interest must sign the document before assignment approval will be given. 6 The appropriate legal description of the conveyed lands interest must be given. 7. :Assigmnents Creating a separate (reissae) lease subject to lhe n les m~d regulations goveming~all State of Wyoming Oil & Gas Lease do not change the temls and couditions of the original lease, the lease anniver&ary date,] nor the ob igations and ann versary date of the lease created therefi'om being considered as if it Ired been issued on the effective date o[the original lease· (See Board Rules, Chapter 6, Saurian A;) 8. Corporationsi limited liability eempanies, and limited partnerships must be qualified with the Wyoming Sanretm'y of States Office, and general partnership papem are required to be filed with tho State Land and Farm Loan Office prior to, and as a condition of Board approval of any assignment 9. Assignments will not be considered for approval where assignor or any assigne~ currently has a delinquent (late) royalty or rental payment obligation(s) for any Stale subsurface resource lease.