HomeMy WebLinkAbout912007.tiff AR22VD24? B 1289 RED 02240247 02/01/91 10:45 ,8105.00 1/021
F 1109 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
ASSIGNMENT AND BILL OF SALE OF OIL AND GAS PROPERTIES
THIS ASSIGNMENT is dated as of January 31, 1991,but effective as of the date
shown below is made by and between TOWER ENERGY CORPORATION,a Colorado
Corporation ("Tower"), 1600 Broadway, Suite 2150, Denver, Colorado 80202
(hereinafter referred to as "Assignor"), and NORTH AMERICAN RESOURCES
COMPANY, a Montana Corporation, 16 East Granite, Butte, Montana 59701
(hereinafter referred to as"Assignee").
WITNESSETH:
1. Conveyance.
1.1 Assignor,for good and valuable consideration paid by Assignee,the
receipt and sufficiency of which are hereby acknowledged, does hereby. grant,
bargain, sell, convey, assign, transfer, set over and deliver, effective December 31,
1990, at 11:59 p.m. Mountain Standard Time, unto Assignee, and unto Assignee's
successors and assigns the following:
a.All of Assignor's rights,titles and interests,including without limitation
after-acquired titles,and reversionary interests,in and to all the oil,gas and mineral
interests of every kind and 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 of Assignor's rights,titles and interests in and to the wells described
on Exhibit "B" attached hereto and the lease and well equipment and pipelines,
gathering lines and facilities located on the leases or on land pooled or unitized
therewith and used in connection therewith; and
c. All of Assignor's rights, titles and interests in, to and under all
agreements and contractual rights which relate to the said leases,wells,equipment,
gathering lines and pipelines,including without limitation all rights in,to and under
production sales contracts, surface use agreements, easements, permits, right-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 hydrocarbons,minerals or substances therefrom.
1.2 The properties and interests referred to in 1.1.a., b., 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
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B 1289 REC 02240247 02/01/91 10:45 8105.00 2/021
F 1110 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
agreements referred to in 1.1. 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 Federal or State of
Colorado oil and gas leases, or interest therein included in the Subject Interests,
Assignor shall execute separate assignments on approved forms in sufficient
counterparts to fulfill applicable statutory and regulatory requirements, and said
assignments,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 in
full in such separate assignments.
3. Further Assurances. Assignor shall execute and deliver all such other
instruments, notices, division or transfer orders, releases, acquittances and
documents and shall do all such other acts and things as Assignee may deem
necessary to assure that Assignee, its successors and assigns shall have, 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 with implied
representations or warranty by through and under Assignor, in accordance with
those which are set forth in a separate agreement between the parties dated
January 15, 1991. This assignment is made with full substitution and subrogation of
the Assignee 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 Assignor
shall be deemed to be covenants running with the land and shall inure to the benefit
and shall be binding upon the respective successors and assigns of Assignor and
Assignee.
IN WITNESS WHEREOF, Assignor has 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 of 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 descriptionstherein,which contain specific descriptions of property
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F 3.111 MARY ANN FEOERSTEIN CLERK a RECORDER WELD CO, CO
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 original,and all such counterparts shall together
constitute but on and the same conveyance.
AnST'FR :''•., TOWER ENERGY CORPORATION
B
STATE OF COLORADO )
)ss.
COUNTY OF DENVER )
The foregoing instrur�er was acknowled�gg�eed b�eGfor me this 30th day of
A. .1991,by O. - �n10rxon 'MPS' of TOWER ENERGY
ORPOR1TION,a Colorado Corporation,on behalf off said corporation.
0;12.914-4.i.,425/..,
Notary' Public
My Commission Expires:
thy Commission expires March 5,1992
1600 Broadway,Site 21W
�Oenver,CO 80202
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