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.. B 1259 REC 02209455 03/30/90 15:14 565.00 1/013
F 1975 MARY ANN FEUERSTEIN CLEEK & RECORDER WELD CO, CO
ASSIGNMENT OF OIL AND GAS PROPERTIES
THIS ASSIGNMENT is dated as o£ January 1, 1990, between MACEY
& MERSHON OIL INC., a New Mexico corporation ("M&M") , THE MACEY
CORPORATION, a Colorado corporation, MERSHON, INC., a Colorado
corporation, JAMES A. BROWN, KENNETH D. IBSEN, KEITH H. HEIMBUCK,
and BARBARA MACEY TODD, 1600 Broadway, Suite 2150, Denver, Colorado
80202 (hereinafter collectively referred to as "Assignors") , and
NORTH AMERICAN RESOURCES COMPANY, a Montana corporation, 16 East
Granite, Butte, Montana 59701, and TOWER ENERGY CORPORATION, a
Colorado corporation, 11990 Grant Street, Suite 218, Northglenn,
Colorado 80233 (hereinafter collectively referred to as
"Assignees") .
WITNESSET H:
1. Conveyance.
1.1 Assigncrs, for valuable consideration to them in
hand paid by Assignees, the receipt and sufficiency of which are
hereby acknowledged, do hereby grant, bargain, sell, convey,
assign, transfer, set over and deliver, effective January 1, 1990
at 7:00 A.M. Mountain Standard Time, unto Assignees, in the
proportions of 95% to North American Resources Company and 5% to
Tower Energy Corporation, and unto Assignees' successors and
assigns, the following:
a) All of Assignors' rights, titles and interests,
including after-acquired titles, including reversionary interests,
in and to all the oil, gas and mineral interests of every nature in
the lands described on Exhibit "A" attached hereto, including
without limitation the leases described in Exhibit "A" and any and
all extensions and renewals thereof.
b) All o£ Assignors' rights, titles and interests in
and to the wells described on Exhibit "B" attached hereto and the
lease and well equipment and facilities located on the leases or on
land pooled or unitized therewith and used in connection therewith;
and
c) All Assignors' rights, titles and interests in, to
and under all agreements and contractual rights which relate to the
said leases, wells or equipment, including without limitation all
rights in, to and under production sales contracts, surface use
agreements, easements, permits, rights of way, pooling agreements,
pooling designations, purchase, exchange and processing contracts
and agreements, valid orders of governmental authorities and all
other contracts, agreements and instruments attributable to said
.leases, wells or equipment, whether production, storage, treatment,
transportation, processing or sale or disposal of oil, gas, other
1
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B 1259 REC 02209455 03/30/90 15:14 >65.00 2/013
F 1976 MARY ANN FEUERSTEIN CLERK 6 RECORDER WELD CO, CO
hydrocarbons, minerals or substances therefrom.
1.2 The properties and interests referred to in 1.1 a) ,
b) and c) above will hereinafter be referred to as the "Subject
Interests". The term "Subject Interest" when used with reference
to any particular one of the Subject Interests shall mean and
include i) such Subject Interest as the same may be enlarged or
diminished by the provisions of any contract, agreement or other
instrument, or the removal of any charges or encumbrances to which
said Subject Interest is subject, ii) any and all renewals and
extension of such Subject Interest, iii) all contracts and
agreements supplemental to or amendatory of or in substitution for
the contracts and agreements referred to in c) above, insofar as
the same relate to such Subject Interest, and iv) all rights,
titles and interests accruing or attributable to such Subject
Interest by virtue of its being included in any pooled tract.
TO HAVE AND TO HOLD the Subject Interests unto Assignee, their
successors and assigns, forever.
2. Assignments on Approved Forms. With respect to oil and
gas leases which, or interests in which, are included in the
Subject Interests from the United States of America or from the
State of Colorado, separate assignments on approved forms may be
executed by the Assignors to the Assignees in sufficient
counterparts to fulfill applicable statutory and regulatory
requirements and said assignment's, although unqualified in form and
not specifically containing all of the terms and provisions hereof,
shall nevertheless be deemed to contain all of the terms,
provisions, warranties, remedies, powers and privileges set forth
in this conveyance as fully to all intents and purposes as though
the same were set forth at length in such separate assignments.
3. Further Assurances. Assignors shall execute and deliver
all such other instruments, notices, division or transfer orders,
releases, acquittances and documents and will do all such other
acts and things as may be necessary more fully to assure Assignees,
their successors and assigns, all of the respective rights, titles,
interests, estates, remedies, powers and privileges herein and
hereby granted, bargained, sold, conveyed, assigned and delivered
or intended so to be.
4. Limitation on warranties. This assignment is made
without any express or implied representations or warranties of
Assignors, except those which are set forth in a separate agreement
between the parties and which terminate two years from the date
hereof. However, this assignment is made with full substitution
and subrogation of the Assignees in and to all covenants and
warranties heretofore given or made by others in respect of the
Subject Interests or any part thereof.
5. Successors and Assigns. All of the covenants and
agreements of Assignors shall be deemed to be covenants running
2
B 1259 REC 02209455 03/30/90 15:14 J65.00 3/013
F 1977 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
with the land and shall inure to the benefit of and be binding upon
the respective successors and assigns of Assignors and Assignees.
IN WITNESS WHEREOF, Assignors have caused this assignment to
be duly executed on the date of acknowledgement annexed hereto in
several counterparts (one of which, with all property descriptions
included in the Exhibits, is on file in the office o£ Assignee
North American Resources Company at its offices in Butte, Montana),
each of which is an original and all of which are identical, except
that, to facilitate recordation, there are omitted from certain
counterparts those exhibits or those property descriptions therein,
which contain specific descriptions of property located in
recording jurisdictions other than the jurisdiction in which the
particular counterpart is to be recorded. Each of the counterparts
hereof so executed- shall for all purposes be deemed to be an
,:,og#p'al,, and all such counterparts shall together constitute but
sari aitddtHe same conveyance.
:o R�T�?;
�? " _' MACEY & MERSHON OIL INC.
•�••
• 1H M1,e ;9s�.k3,�o;;.;c,SE0RE:'r12ie President
/ •
~ C'•:�
(err O :.co
44 T11,4 THE MACEY CORPORATION
r.:01 (C.)
••• "' • 'Yd SE=L--ca,cri President
^� .&S1a ; MERSHON, INC.
• ~ � �- . Nssks-coarSEGETAlt President
MA ELINE L. BROWN J S A. BROWN '
c
DITH W. IBSEN KENNETH D. IBSEN
4.4.2E L. HEI UCK ( KEITH H. HEIMBUCK
9J SEPH C. ODD BARBARA MACEY O
aka BARBARA J. MAC
3
B 1259 REC 02209455 03/30/90 15:14 365.00
F 1979 MARY ANN FEUERSTEIN CLERK 8 RECORDER WELD CO,4/013 CO
- -.._. . .
STATE OF COLORADO ) •
) ss.
COUNTY OF DENVER )
The foregoing instrument ws}s Acknowledged/before me this 30th
daXy •ot.41darch, 1990 by //) :. 11LIn lia, Mud udfigna- o£
MA'CEY &t4ER,SHON OIL INC, a New McXico /corporation, on behalf of
gsaid' EbliSErkion.
`_Ply\• s�5siomexpires: 4dritcP��O4,ra,
`,:/''U U\•\�,io; Notary Pub c 1
-.▪ -/':.••.•,.......
t s 1592
••" 04 eommiseian expves March 5,
s'T2$ioto OLORADO ) 1600 Broadway,Suite 2150
w" Denver,CO 88282
J 55. _._—
COUNTY OF DENVER ) •-�--"'-
The foregoing instrument w1as,acknowledStgged before me this 30th
day of March, 1990 by if,145. YelLe11L(7O Y'i(istr a-12 of
TH$E,IM11C'EYORPORATION, a Coloradb corporation, on behalf of said
rpoat}roti't.
a
i � Q_:'Myr 6Faiab6h expires:
_ __ Notary P c
s.. ...t• U E L\..ci _ Fay Commission expires March 5,1992
• r •.;.
Pic OG rob-tiJRADo ) 1600 Broadway,Suite 2150
X`tt ) ss. _u Cenver,CO 80202
COUNTY OF DENVER ) _
The foregoing instrumerxt yA._s_ acknowledged before me this 30th
day.g,t„larch, 1990 by ibu ldiln itlarOllAh 00 ig/Mie/lii of
MFR$HON;,'7,'KfIC., a Colorado corp*ation on behalf of said
Corporation
I�y, �' •.•'•. t., • 'P r J
tomfi[1ksioxi..expires: �iyy�Y/� ,/ r / .
'` . .'. Notary l(ic ,
e'd P.\.\x:'•00=E-1.`..
ST▪ �•':••a���DO ) gtyC1600 Broadway,
March 5,1992
1600 Broadway,Suite 2150
) ss. Dover,CO 80202
COUNTY OF DENVER ) - .. ._..
:•'•"T1xe„£,oregoing instrument was acknowledged before me this 30th
Y• c#,1M4.i'9h, 1990 by JAMES A. BROWN and MADELINE L. BROWN and
;'.KENNETH"n.ee.BSEN and JUDITH W. IBSEN.
.e0TArj'..::.., 2 �
-My boamissiort' expires: ,44'y(//wi rt���.t ,
/+ G a ' Notary Publ c
':tf's.,i a ,.
Y,OO Commission expires"_m I ORADO Jway, its 2 5,1992
) ss.
16008raadway,Sute2150
COUNTY OF DENVER ) Deaver.co 6ozoz
°"'• 'filie•sgrego• ing instrument was acknowledged before me this 30th
;�day'Sna.icl, 1990 by KEITH H. HEIMBUCK and JEANNE . HEIMBUCK.
ii •nattriss?.ori expires: dinnki /Li ,I.Ohaii/
i_ N, �`�C,.. .e ' Notary Public
0 •q id J
`4Steir_OF'$O,EORADO ) fey Commission expires March 5,1992
*t or ca`'..+•' ) ss. 1600 Broadway,Suite 2150
CO YNTi�='0'P'DENVER ) '._ Dew,CO 80202 _
r•;„"!,.. , .,pregoing instrument was acknowledged before me this 30th
' • fcay�,.o ae;Ch, 1990 by BARBARA MACEY TODD and J SEPH C. TODD.
".-Mykifp n70ssi;otn n expires: }- /
' -•-0-c' ` Notary Publirc 1 s.t -9). ••::„.-7.., off:' a
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�r ca`�' MY Commission expires March 5,1992
I600 Broadway,Suite 2150
Denver.CO 80202
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