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Home My WebLink About20241605.tiffWELD COUNTY SMALL -TRACT OIL AND GAS LEASE Containing 1.21 acres, more or less: Containing 1.21 net mineral acres, more or less: THIS LEASE AGREEMENT, dated this f1 4`31' day of �v31 .1, , 2024 (dents use ouy), made and entered into by and between WELD COUNTY, COLORADO, a political subdivision of the STATE OF COLORADO, acting by and through the BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, for its respective interests, c/o BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O. BOX 758, GREELEY, CO 80632, hereinafter called Lessor, and: Verdad Resources LLC, whose address is 5950 Sherry Lane, Suite 700, Dallas, Texas 75225 hereinafter called Lessee: WITNESSETH WHEREAS, said Lessee has applied to Lessor for an oil and gas lease covering the land herein described, and has paid a bonus consideration totaling $ 1,452.00 , calculated at $ 1,200.00 per mineral acre, fixed by Lessor as an additional consideration for the granting of this lease, and the following consideration: WHEREAS, all the requirements relative to said lease agreement have been duly complied with and said lease agreement has been approved and allowed by Lessor; 2 C�- 7 a�Y 74'641:1 :j LLon U a!n m my i NY`� mN, TO HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to m� Lessee until the hour of twelve o'clock noon on the 1-1 day of 3. , 20_a3(cv ie use only), as primary term, and so long thereafter as oil and gas, or either of them, is produced in paying COvr-N N. Ao-aex\CK.G (o _ ` — a Lk 2024-1605 THEREFORE, in consideration of the agreements herein, on the part of Lessee to be paid, kept and performed, Lessor does lease exclusively to Lessee for the sole and only purpose of drilling for, development of and production of oil and gas, or either of them, thereon and therefrom with the right to own all oil and gas so produced and saved therefrom and not reserved as royalty by Lessor under the terms of this lease, together with rights -of -way, easements and servitudes for pipelines, telephone and telegraph lines, tanks and fixtures for producing and caring for such product, and housing and boarding employees, and any and all rights and privileges necessary for the exploration and operation of said land for oil and gas, the following described land situated in the County of Weld, State of Colorado, and more particularly described as follows: SECTION TOWNSHIP RANGE 25 8N 61W DESCRIPTION OF LAND (attach exhibit if additional space is required) 1.21 acre parcel in the NE/4, as described as Parcel 30 in the Condemnation Decree dated September 19, 1935 at Reception No. 721497 LE.o a1( - 5 Small -Tract Oil and Gas Lease Page 2 quantities from said land or Lessee is diligently engaged in bona fide drilling or reworking operations on said land, subject to the terms and conditions herein. Drilling or reworking operations shall be deemed to be diligently performed if there is no delay or cessation thereof for a greater period than sixty (60) consecutive days, unless an extension in writing is granted by Lessor; provided that such drilling or reworking operations are commenced during said primary term or any extension thereof, or while this lease is in force by reason of production of oil and gas or either of them, or that such reworking is commenced within (60) sixty days upon cessation of production for the purpose of re-establishing the same, and provided further that such production is commenced during such primary term or any extension thereof, or while this lease is in force by reason of such drilling or reworking operations or other production. EXPLORATION - Lessor reserves the right to conduct exploration on the leased land provided such exploration does not interfere with rights granted herein. In consideration of the premises, the parties covenant and agree as follows: 1. RENTAL - This is a PAID -UP LEASE. In consideration of the down cash payment, Lessor agrees that Lessee shall not be obligated, except as otherwise provided herein, to commence or continue any operations during the primary term. Lessee may at any time or times during or after the primary term surrender this lease as to all or any portion of said land and as to any strata or stratum by delivering to Lessor or by filing for record a release or releases, and be relieved of all obligation thereafter accruing as to the acreage surrendered. 2. ROYALTY PROVISIONS: A. Lessee Responsible for All Costs/Expenses: Lessee shall account for any and all substances produced on the leased land and shall pay to Lessor as royalty, in addition to the rentals provided, the royalties described in paragraphs B through E below, which shall be free of all costs of any kind. In this regard, Lessee agrees to bear one hundred percent (100%) of all costs and expenses incurred in rendering hydrocarbons produced on or from the Leased Premises marketable and delivering the same into the purchaser's pipeline for immediate transportation to an end user or storage facility. If a gas purchase contract makes any deductions for the expenses of dehydrating, transporting, compressing, manufacturing, processing, treating, gathering or marketing of such gas, then such deductions shall be added to the price received by Lessee for such gas for the purpose of the payment of royalties to Lessor. Additionally, royalties payable to Lessor shall never bear, either directly or indirectly, under any circumstances, the costs or expenses (including depreciation) to construct, repair, renovate or operate any pipeline, plant, or other facilities or equipment used in connection with the treating, separation, extraction, gathering, processing, refining, transporting, manufacturing or marketing of hydrocarbons produced from the Leased Premises or lands pooled therewith. It is the intent of the parties that the provisions of this Paragraph 2 are to be fully effective and enforceable. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 3 B. Royalty Payment on Products: On products, Lessee shall pay Lessor a royalty payment of twenty-two and one-half percent (22.5%) of the gross market value or proceeds of sale thereof, whichever is higher. C. Royalty Payment on Residue Gas: On residue gas or gas remaining after separation, extraction or processing operations, Lessee shall pay Lessor twenty-two and one-half percent (22.5%) of the proceeds of sale or of the market value thereof, whichever is higher. D. Royalty Payment on Oil: At the option of Lessor, and with sixty (60) days' notice to Lessee, Lessor may take its royalty oil in kind, in which event Lessee shall deliver such royalty oil to Lessor on the leased land, free of cost or deduction, into the pipelines or storage tanks designated by Lessor, but Lessee shall not in such case be required to provide free tankage for any such oil for a longer period than one month after the same is run into tanks. With sixty (60) days' notice to Lessee, Lessor may cease taking oil royalty in kind. When paid in cash, Lessee shall pay Lessor for oil produced and saved from the leased land, twenty-two and one-half percent (22.5%) the market value of the oil at the wellhead, or the price actually paid to Lessee at the well by the purchaser thereof, whichever is higher; and in no event shall the royalties be based upon a market value at the well less than the posted price in the field for such oil, or in the absence of a posted price in the field for such oil, upon a market value at the well less than the prevailing price received by other producers in the field for oil of like grade and gravity at the time such oil is run into pipelines or storage tanks. E. No Refund of Bonus: If Lessor owns a lesser interest in the oil and gas deposits of the above -described land than the entire and undivided fee simple estate, then the royalties and rentals herein provided shall be paid to Lessor only in the portion which its interest bears to the whole and undivided fee, but no refund of any bonus consideration shall be made by Lessor hereunder. F. Timing of Royalty Payments: All royalties payable under the terms of this lease shall be payable in cash (unless Lessor elects to take such royalty oil or gas in kind) to Lessor within one hundred twenty (120) days following the first commercial sale of production and thereafter no more than sixty (60) days after the end of the month following the month during which production takes place. Subject to the provisions of Paragraph 16 of this Lease concerning shut-in wells, royalties shall be paid to Lessor by Lessee and/or its assigns or by the product purchaser for oil and/or gas. Upon the failure of any party to pay Lessor the royalty as provided in this paragraph, Lessor may, at Lessor's option, elect to terminate this Lease by sending written notice to Lessee. Lessee shall then have forty-five (45) days from the date of service of such written notice in which to avoid termination of this Lease by making or causing to be made the proper royalty payment or payments that should have been paid. If such royalty payment is not made on, or before, the expiration of the 45 -day period, or written approval is not obtained from Lessor to defer such payment, Lessor may elect to terminate this Lease by filing a Notice of Termination with the Weld County Clerk and Recorder. The effective date of said termination shall be the date said Notice of Termination is recorded. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 4 G Effect of "Take or Pay Provision": In the event Lessee enters into a gas purchase contract which contains what is commonly referred to as a "take or pay provision" (such provision meaning that the gas purchaser agrees to take delivery of a specified minimum volume or quantity of gas over a specified term at a specified price or to make minimum periodic payments to the producer for gas not taken by the purchaser) and the purchaser under such gas purchase contract makes payment to Lessee by virtue of such purchaser's failure to take delivery of such minimum volume or quantity of gas, then Lessor shall be entitled to twenty-two and one-half percent (22.5%) of all such sums paid to Lessee or producer under the "pay" provisions of such gas purchase contract. Such royalty payments shall be due and owing to Lessor within sixty (60) days after the receipt of such payments by Lessee. If the gas purchaser "makes up" such gas within the period called for in the gas contract and Lessee is required to give such purchaser a credit for gas previously paid for but not taken, then Lessor shall not be entitled to royalty on such "make up" gas. If Lessee is not producing any quantities of gas from the Leased Premises but is receiving payments under the "pay" portion of such "take or pay" gas purchase contract provision, such payments shall not relieve Lessee of the duty to make shut-in royalty payments if Lessee desires to continue this Lease, but such "take or pay" royalty payments shall be applied as a credit against any shut-in royalty obligation of the Lessee. Lessor shall be a third -party beneficiary of any gas purchase contract and/or transportation agreement entered into between Lessee and any purchaser and/or transporter of Lessor's gas, irrespective of any provision of said contracts to the contrary, and such gas purchase contract and/or transportation agreement will expressly so provide. Further, Lessor shall be entitled to twenty-two and one-half percent (22.5%) of the value of any benefits obtained by, or granted to, Lessee from any gas purchaser and/or transporter for the amendment, modification, extension, alteration, consolidation, transfer, cancellation or settlement of any gas purchase contract and/or transportation agreement. H. Recovery of Liquid Hydrocarbons: Lessee agrees that before any gas produced from the Leased Premises is used or sold off the Leased Premises, it will be run, free of cost to Lessor, through an adequate oil and gas separator of a conventional type or equipment at least as efficient, to the end that all liquid hydrocarbons recoverable from the gas by such means will be recovered on the lease and Lessor properly compensated therefor. Excess Payments to Lessor: Any payment of royalty or shut-in gas royalty hereunder paid to Lessor in excess of the amount actually due to the Lessor shall nevertheless become the property of the Lessor if Lessee does not make written request to Lessor for reimbursement within one (1) year from the date that Lessor received the erroneous payment, it being agreed and expressly understood between the parties hereto that Lessor is not the collecting agent for any other royalty owner under the lands covered hereby, and a determination of the name, interest ownership and whereabouts of any person entitled to any payment whatsoever under the terms hereof shall be the sole responsibility of Lessee. It is further expressly agreed and understood that: (i) this provision shall in no way diminish the obligation of Lessee to make full and punctual payments of all amounts due to Lessor or to any other person under the terms and (Revised 3/2023) Small -Tract Oil and Gas Lease Page 5 provisions of this Lease, and (ii) any overpayments made to the Lessor under any provisions of this Lease shall not be entitled to be offset against future amounts payable to parties hereunder. J. Effect of Division Order: The terms of this Lease may not be amended by any division order and the signing of a division order by any mineral owner may not be made a prerequisite to payment of royalty hereunder. K. Limitation of Sale to Subsidiaries and/or Affiliates: Oil, gas or products may not be sold to a subsidiary or affiliate of Lessee as defined herein without the Lessor's prior written permission. L. Royalty Payable on All Gas Produced: Lessee shall pay Lessor royalty on all gas produced from a well on the Leased Premises and sold or used off the Leased Premises, regardless of whether or not such gas is produced to the credit of Lessee or sold under a contract executed by or binding on Lessee. Should gas be sold under a sales contract not binding on Lessee, Lessor's royalty will be calculated based on the highest price paid for any of the gas produced from the well from which such gas is produced. In no event will the price paid Lessor for Lessor's share of gas be less than the price paid Lessee for Lessee's share of gas. 3. LESSOR'S ACCESS TO LEASED PROPERTY AND RECORDS A. Records Generally: Lessee agrees to keep and to have in its possession complete and accurate books and records showing the production and disposition of any and all substances produced on the leased land and to permit Lessor, at all reasonable hours, to examine the same, or to furnish copies of same to Lessor upon request along with purchaser's support documentation. Lessor will not be unreasonable with requests. All said books and records shall be retained by Lessee and made available in Colorado to Lessor for a period of not less than five (5) years. B. Access to Premises: Lessor shall have free access, at all times, to all wells, tanks, and other equipment on the Leased Premises, including drilling wells, and Lessee agrees to furnish Lessor, or Lessor's nominee, currently and promptly, upon written request, with full well information including cores, cuttings, samples, logs (including Schlumberger and other electrical logs), copies and results of deviation tests and directional and seismic surveys, and the results of all drill stem tests and other tests of other kind or character that may be made of wells on the Leased Premises. Lessor or Lessor's nominee shall be furnished with, and have free access at all times to, Lessee's books and records relative to the production and sale of oil, gas or other minerals from the Leased Premises, including reports of every kind and character to local, State or Federal governmental authorities. Lessor shall have the right, at its election, to employ gaugers or install meters to gauge or measure the production of all minerals produced from the premises, and Lessee agrees to prepare and deliver to Lessor or Lessor's gauger or nominee duplicate run or gauge tickets for all minerals removed from the premises. Lessee shall furnish to Lessor daily drilling reports on each well drilled upon request. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 6 C. Gas Purchase Agreements/Gas Contracts: At least thirty (30) days prior to the delivery or the execution of any contract for the sale, delivery, transporting or processing of gas produced from the Leased Premises, Lessee shall provide Lessor with a complete copy of each proposed contract for the purchase, transportation and/or processing of such gas that Lessee intends to execute (each a "Gas Contract"), whereupon, Lessor may object if the terms of said Gas Contract conflict with the terms and conditions of this Lease. Lessee shall furnish to Lessor, within a reasonable time after its execution, a copy of any Gas Contract or transportation agreement entered into in connection with the Leased Premises, or if there is already a Gas Contract or transportation agreement in effect due to Lessee's operations in the field, then a copy of that contract. Furthermore, a copy of any amendments to the gas purchase contract or transportation agreement shall be furnished said Lessor within thirty (30) days after execution thereof; and on request of Lessor and without cost to the Lessor, Lessee shall furnish Lessor a copy of the following reports: core record, core analysis, well completion, bottom hole pressure measurement, directional survey records, electrical and induction surveys and logs, gas and oil ratio reports, paleontological reports pertaining to the paleontology of the formations encountered in the drilling of any wells on the Leased Premises, and all other reports which pertain to the drilling, completing or operating of the wells located on the Leased Premises. Such information shall be solely for Lessor's use, and Lessor shall attempt to keep same confidential for twelve (months after receipt, subject to its obligation to comply with the Public Records requirements under Colorado law. Lessee agrees that it will not enter into any contract for the sale, delivery, transporting or processing of gas produced from the Leased Premises which shall extend more than two (2) years from the effective date of such sales contract unless such contract has adequate provisions for redetermination of price at intervals of no less frequency than one (1) year to ensure that production from this Lease is not being sold for less than the then current market value. D. Lessee to Advise Regarding Well Status: Lessee shall advise Lessor, in writing, of the location of all wells drilled upon the Leased Premises on or before thirty (30) days prior to commencement of operations, and shall advise Lessor, in writing, the date of completion and/or abandonment of each well drilled within thirty (30) days after completion or abandonment. 4. MEASUREMENTS: All production shall be accurately measured using standards established by the American Gas Association (AGA) and/or the American Petroleum Institute (API) and all measuring devices shall be tamper proof as nearly as possible. Oil royalties due within the terms of this lease shall be calculated on actual and accurate measurements within API standards unless a different means of measurement, subject to Lessor's approval, is provided. 5. PAYMENTS AND REPORTS: All payments and reports due hereunder shall be made on or before the day such payments and reports are due. Nothing in this paragraph shall be construed to extend the expiration of the primary term hereof. Oil royalty payments and supporting documents shall be submitted prior to the last day of the month following each month's sale of production, and gas royalty payments and supporting documents shall be (Revised 3/2023) Small -Tract Oil and Gas Lease Page 7 submitted prior to the last day of the second month following each month's sale of production. All payments shall be made by cash, check, certified check, or money order. Payment having restrictions, qualifications, or encumbrances of any kind whatsoever shall not be accepted by Lessor. A penalty for a late payment shall be charged as set forth in the PENALTIES paragraph herein. 6. PENALTIES: A penalty shall be imposed for, but not limited to, late payments, improper payments, operational deficiencies, violation of any covenant of this lease, or false statements made to Lessor. Penalties shall be determined by Lessor, unless otherwise provided for by law, and may be in the form of, but not limited to, interest, fees, fines, and/or lease cancellation. A penalty schedule shall be prepared by Lessor and shall become effective immediately after public notice. Said schedule may be changed from time to time after public notice. 7. LAW: The terms and conditions of this lease shall be performed and exercised subject to all laws, rules, regulations, orders, local ordinances or resolutions applicable to, and binding upon, the administration of lands and minerals owned by the County of Weld, and to laws, rules and regulations governing oil and gas operations in Colorado. Violations shall result in penalties as provided for by law or as set forth in the aforementioned schedule or shall, at the option of Lessor, result in default as provided hereinafter. 8. SURRENDER: Lessee may at any time, by paying to Lessor all amounts then due as provided herein, surrender this lease insofar as the same covers all or any portion of the land herein leased and be relieved from further obligations or liability hereunder with respect to the land so surrendered; provided that this surrender clause and the option herein reserved to Lessee shall cease and become absolutely inoperative immediately and concurrently with the institution of any suit in any court of law by Lessee, Lessor or any assignee of either to enforce this lease, or any of its terms expressed or implied. In no case shall any surrender be effective until Lessee shall have made full provision for conservation of the leased products and protection of the surface rights of the leased land. 9. ASSIGNMENTS: A. Fee for Assignments: Lessee, upon payment of a $100.00 fee and prior written consent of Lessor (which shall not be unreasonably withheld), shall have the right to assign the entire leasehold interest of said Lessee in all or part of the land covered -�! hereby. Prior to written approval by Lessor of assignment of this lease, Lessee m3 (assignor) shall not be relieved of its obligations under the terms and conditions herein. An assignment shall not extend the term of this lease. O a�i"°� Ncdj— B. Partial Assignment: If any assignment of a portion of the land covered hereby shall be approved, a new lease shall be issued to the assignee covering the assigned land, containing the same terms and conditions as this lease, and limited as to term as this lease is limited, and the assignor shall be released and discharged from all further obligations and liabilities as to that portion so assigned. �. N m N °.S !ViaN� L (Revised 3/2023) Small -Tract Oil and Gas Lease Page 8 C. Lessee to Notify: Lessee shall notify Lessor of all assignments of undivided percentage or other interests. Said interests will not be recognized or approved by Lessor, and the effect of any such assignments will be strictly and only between the parties thereto, and outside the terms of this lease, and no dispute between parties to any such assignment shall operate to relieve Lessee from performance of any terms or conditions hereof or to postpone the time therefore. Lessor shall at all times be entitled to look solely to Lessee or his assignee shown on its books as being the sole owner hereof, and for the sending of all notices required by this lease and for the performance of all terms and conditions hereof. D. Filing with Lessor: Although not binding on Lessor, all instruments of every kind and nature whatsoever affecting this lease should be filed with the Lessor. 10. OVERRIDING ROYALTY: Any and all reservations or assignments or overriding royalties shall be subject to approval by Lessor. The total of said overriding royalties shall not exceed five percent (5%), including any overriding royalty previously provided for unless production exceeds a monthly average of fifteen (15) barrels per day or ninety thousand cubic feet of gas per day (90 MCF/D). In the event production drops to this amount or less, any overriding royalties which exceed five percent (5%) may be suspended. Lessor's approval of a reservation or assignment of an overriding royalty shall not bind Lessor for payment of said overriding royalty and shall not relieve Lessee of any of its obligations for payment of royalties to Lessor as provided by ROYALTY paragraphs herein. 11. OFFSET WELLS: Lessee agrees to protect the leased land from drainage by offset wells located on adjoining lands not owned by Lessor, when such drainage is not compensated for by counter -drainage. It shall be presumed that the production of oil and gas from offset wells results in drainage from the leased land, unless Lessee demonstrates to Lessor's satisfaction, by engineering, geological, or other data, that production from such offset well does not result in such drainage, or that the drilling of a well or wells on the leased land would not accomplish the purposes of protecting the deposits under the leased land. Lessor's decision as to the existence of such drainage shall be final, and Lessee shall comply with Lessor's order thereon or surrender this lease as to any such undeveloped acreage as designated by Lessor. 12. DEVELOPMENT: Upon discovery of oil and gas or either of them on the leased land, Lessee shall proceed with reasonable diligence to develop said land at a rate, and to an extent, commensurate with the economic development of the field in which the leased land lies. 13. POOLING CLAUSE: Lessee may at any time or times pool any part or all of said land or lease or any stratum or strata with other lands and leases, stratum or strata, in the same field so as to constitute a spacing unit to facilitate an orderly or uniform well -spacing pattern or to comply with any order, rule, or regulation of the State or Federal regulatory or conservation agency having jurisdiction. Such pooling shall be accomplished or terminated by filing of record and with the Colorado Oil and Gas conservation Commission a declaration of pooling, or declaration of termination of pooling, and by mailing or tendering a copy to Lessor. Drilling or reworking operations upon or production from any (Revised 3/2023) Small -Tract Oil and Gas Lease Page 9 part of such spacing unit shall be considered for all purposes of this lease as operations or productions from this lease. Lessee shall allocate to this lease the proportionate share of production which the acreage in this lease included in any such spacing unit bears to the total acreage in said spacing unit. 14. UNITIZATION — COMMUNITIZATION: In the event Lessor permits the land herein leased to be included within a communitization or unitization agreement, the terms of this lease may be deemed to be modified to conform to such agreement. When only a portion of the land under this lease is committed by an agreement, Lessor may segregate the land and issue a separate lease for each portion not committed thereunder; the term of such separate lease shall be limited as to the original term of this lease. The terms of the lease on that portion remaining in the unit shall be deemed to be modified to conform to such agreement. Non -producing leases shall terminate on the first anniversary date of the lease following the termination date of the unit or part thereof modifying the lease, but in no event prior to the end of the primary term of the lease or the extension term of the lease. 15. PRODUCTION: Lessee shall, subject to applicable laws, regulations and orders, operate and produce all wells upon the leased land so long as the same are capable of producing in paying quantities, and shall operate the same so as to produce at a rate commensurate with the rate of production of wells on adjoining lands within the same field and within the limits of good engineering practice, except for such times as there exist neither market nor storage therefore, and except for such limitations on, or suspensions of, production as may be approved in writing by Lessor. Lessee shall be responsible for adequate site security on all producing properties. 16. SHUT-IN WELLS: If Lessee shall complete a well on the leased land productive of gas and Lessee is unable to produce such gas due to a lack of suitable market therefore, Lessor may grant Lessee suspension of his obligations to produce hereunder until a suitable market for such gas can be found, and during any such suspension period, it shall be deemed that gas is being produced hereunder in paying quantities. Except, however, that beginning on the anniversary date next, of the year of an extension of the lease by reason of a shut-in well, Lessee shall pay to Lessor a shut-in royalty equal to $2.50 per acre of the lease per annum. The minimum amount of such shut-in royalty payment shall be $240. Shut-in royalty payments shall not be reduced or proportioned when the Lessor is not the sole mineral interest owner. Each year's shut-in royalty shall be forfeited to Lessor except for the shut-in royalty paid for the year during which the well begins production. The maximum extension of the lease, due to the existence of a shut-in well, shall be five (5) years beyond the extension term as described in the EXTENSION paragraph herein. The granting of any further extensions shall be at the sole option of Lessor. 17. OPERATIONS: Exploration, drilling or production operation, including permanent installations, shall be in compliance with all Colorado Oil and Gas Conservation Commission and State of Colorado Regulations. Reports required to be filed with the Colorado Oil and Gas Conservation Commission shall be made immediately available to Lessor upon request. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 10 18. NOTIFICATION: Lessee shall notify Lessor and the surface lessee or surface owner of the location of each drill site at least two weeks prior to commencing drilling operations thereon. Lessee shall notify Lessor before commencing to plug and abandon any well by copy of Lessee's request for approval or sundry notice of intent to plug and abandon. 19. BONDS: Lessee shall be liable for all damages to the surface of the land, livestock, growing crops, water wells, reservoirs, or improvements caused by Lessee's operations on said land. No operations shall be commenced on the land hereinabove described unless and until Lessee shall have filed a good and sufficient bond with Lessor, in an amount to be fixed by Lessor, to secure the payment for such damages as may be caused by Lessee's operations on said land and to assure compliance with all the terms and provisions of this lease, the laws of the State of Colorado, and the rules and regulations thereto appertaining. A bond may be held in effect for the life of production of any well. 20. SETTLEMENT: Lessee shall not remove any machinery, equipment or fixtures placed on said land, other than drilling equipment, nor draw the casing from any well unless and until all payments and obligations currently due Lessor under the terms of this lease shall have been paid or satisfied. Any machinery, equipment or fixtures left on this land for a period of more than six (6) months after the expiration hereof, shall automatically become the property of Lessor. 21. OTHER DISCOVERY: Should Lessee discover any valuable products other than oil and gas, on or within the leased land, Lessee shall within seven (7) days report such discovery to Lessor, in which event Lessee and Lessor may negotiate a provision for production of such discovery. 22. WATER: This lease does not grant permission, express or implied, to Lessee for water exploration, drilling, or establishing water wells without the written permission of the surface owner. If Lessor is the surface owner, said permission shall not be unreasonably withheld. If Lessee desires to establish or adjudicate any water right for beneficial use on the leased land, any such adjudication or application shall be in the name of Lessor if Lessor is the surface owner. The same shall apply to any non -tributary water rights established on the leased land which may be put to beneficial use off said land. 23. DEFAULT: Upon failure or default of Lessee to comply with any of the terms and provisions hereof including, but not limited to, the failure to comply with laws, rules and regulations governing Colorado oil and gas operations, Lessor is hereby authorized upon notice and hearing, as hereinafter provided, to cancel this lease as to all of the leased land so claimed or possessed by lessee hereunder. In the event of any such default or failure, Lessor shall, before making any such cancellation, send to Lessee by certified mail, to the post office address of said lessee as shown by the records of Lessor, a notice of intention to cancel for such failure or default, specifying the same, stating that if within forty-five (45) days from the date of mailing said notice, Lessee shall correct such failure or default, no cancellation will be made. If such failure or default is not corrected within forty-five (45) days after the mailing of such notice, and if Lessee does not request a hearing on (Revised 3/2023) Small -Tract Oil and Gas Lease Page 11 such notice within forty-five (45) days, this lease will terminate and be canceled by operation of this paragraph without further action by Lessor, or further notice to Lessee. 24. EXTENSION: If Lessee fails to make discovery of oil and gas, or either of them, in paying quantities during the primary term hereof, or during drilling operations commenced during the primary term hereof, Lessee may make written application to Lessor for an extension of this lease. The granting of such extension shall be at the sole option of Lessor, according to the following conditions: A. Extension Limit: No lease term will be extended for more than six (6) months from the original expiration date. B. Extension Payment: The Lessee shall pay to the Lessor the sum of one-third (1/3) of the original bonus amount. C. No Change in Royalty: The royalty will remain the same. 25. HOLD HARMLESS: Lessee shall indemnify Lessor against all liability and loss, and against all claims and actions, including the defense of such claims or actions, based upon, or arising out of, damage or injury, including death, to persons or property caused by, or sustained in connection with, operations on this leased land or by conditions created thereby, or based upon any violation of any statute, ordinance, or regulation. 26. CONDEMNATION: If the leased land shall be taken in any condemnation proceeding, this lease shall automatically terminate as of the date of taking. The award for such condemnation shall be paid to Lessor, except for any specific award(s) paid to Lessee for severed oil and gas reserves, in which event 50% of such specific award(s) shall be paid to Lessor in lieu of royalty lost by virtue of the condemnation. Improvements shall be removed by Lessee per terms in the SETTLEMENT paragraph herein. If only a portion of the leased land is taken by condemnation, Lessor may, at its option, terminate this lease or terminate only that portion of the lease so taken. 8 27. ERRORS: Every effort is made by Lessor to avoid errors in all procedures including, but not limited to, auction listings and lease preparation. Lessor shall not be liable for any Tr inconvenience or loss caused by errors which may occur. Lessee shall notify Lessor r_ immediately upon discovery of any errors or discrepancy whatsoever. 3g �m3N 28. ARCHAEOLOGY: Lessee shall not destroy, disturb, mar, collect, remove or alter any ''m prehistoric or historic resources of any kind on Weld County lands as provided by law. These resources include, but are not limited to, all artifacts of stone, wood or metal, lit, a� 7:1111'S pictographs, structures, and bones. A discovery of anything of prehistoric or historic nature �� • 1 shall be reported to Lessor or the State of Colorado Archaeologist immediately. 6a ro (NM 29. DEFINITIONS: For purposes of this Lease, the following definitions apply: 0" A. "Products" refers to any and all substances produced on the leased property, including :g a1 all oil and gas, found on or under the leased property. TV. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 12 B. "Market Value" shall mean for gas and products therefrom (i) the gross price at which gas or products therefrom are sold pursuant to a Gas Contract, as defined in paragraph 2C, or (ii) if not sold pursuant to a Gas Contract, as defined in paragraph 2C, the highest gross price reasonably obtainable for the quantity of gas or products available for sale, through good faith negotiations for gas or products produced from the Leased Premises at the place where such gas or product is available for sale on the date of such a contract with adequate provisions for redetermination of price at intervals of no less frequency than two (2) years to ensure that the production is being sold for no less than the current market price. Included within the definition of "Market Value"as used herein is the presumption that Gas Contracts are arms -length contracts with purchasers who are not subsidiaries or affiliates of Lessee. "Market Value" shall never be less than the amount actually received by the Lessee for the sale of hydrocarbons. C. "Affiliate" is defined as the parent company or a subsidiary of Lessee, a corporation or other entity having common ownership with Lessee, a partner or joint venturer of Lessee with respect to the ownership or operation of the processing plant, a corporation or other entity in which Lessee owns a ten percent or greater interest, or any individual, corporation or other entity that owns a ten percent or greater interest in Lessee. D. "Costs" and/or "Expenses" shall mean all costs of gathering, production, transportation, treating, compression, dehydration, processing, marketing, trucking or other expense, directly or indirectly incurred by Lessee, whether as a direct charge or a reduced price or otherwise, including fuel use attributable to any of the services listed above. "Costs" or "Expenses" also include depreciation, construction, repair, renovation or operation of any pipeline, plant, or other facilities or equipment used in connection with the treating, separation, extraction, gathering, processing, refining, transporting, manufacturing or marketing of hydrocarbons produced from the Leased Premises or lands pooled therewith. E. "Gas" as used herein shall mean all gases (combustible and noncombustible) including, but not limited to, all gaseous hydrocarbons, gaseous compounds, carbon dioxide, and helium. F. "Oil and gas" as used herein shall include all substances produced as by-products therewith, including, but not limited to, sulfur. G. "Paying quantities" as used herein shall mean and refer to quantities of oil and gas or of either of them sufficient to pay for the current cost of producing same. 30. HEIRS AND ASSIGNS: The benefits and obligations of this lease shall inure to, and be binding upon, the heirs, legal representatives, successors or assigns of Lessee; but no sublease or assignment hereof, or of any interest herein, shall be binding upon Lessor until the same has been approved by Lessor as explained in the ASSIGNMENTS paragraph provided above. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 13 31. WARRANTY OF TITLE: Lessor does not warrant title to the leased premises, but it shall, upon request, allow Lessee access to such abstracts and other title papers as it has in its files. There shall be no obligation on Lessor's part to purchase new or supplemental or other title papers, nor to do any curative work in connection with title to the subject lands. Where there is a conflict concerning ownership and/or title to the leased premises, the Lessee shall provide evidence of ownership and/or title. Lessor relies on the evidence provided by Lessee concerning title and ownership. 32. FORCE MAJEURE: Neither party shall be responsible for delays or failures in performance resulting from acts or occurrences -;beyond the reasonable control of such party, including, without limitation: fire,, explosion, power failure, flood, earthquake or other act of God; war, revolution, civil,commotion,'terrorism,,�or acts of public enemies; any law, order, regulation, ordinance, or, requirement of any government or legal body or any representative of any such government or legal; body; or labor unrest, including without limitation, strikes, slowdowns, picketing or boycotts. In such event, the party affected shall be excused from such performance (other than any obligation to pay money) on a day-to- day basis to the extent of such interference (and the other party shall likewise be excused from performance of its obligations on a day-to-day basis to the extent such party's obligations relate to the performance so interfered with). 33. SURVEYS, ABSTRACTS, TITLE OPINIONS AND CURATIVE WORK: A. If Lessee shall cause any of the exterior or interior lines of the property covered by this lease to be surveyed, Lessee shall furnish Lessor a copy of such survey. Lessee shall furnish Lessor, within a reasonable time, with a copy of all maps submitted to the Corps of Engineers of the United States Army, Railroad, or other governmental or official agency or department having jurisdiction, showing the proposed location of all roads, pipelines, canals and drill sites on the Leased Premises. B. All abstracts of title, whether new or supplementary, obtained by Lessee and covering the subject lands shall become the property of, and be delivered to, Lessor after Lessee has completed its title examination and curative work, subject, however, to the right of Lessee to use such abstracts upon request at any time during the term of the lease. Therefore, if Lessee causes an abstract of title to be prepared covering the property herein leased, or any portion thereof or if Lessee shall cause the title to be examined or should obtain a title opinion or title certificate upon the property herein leased, Lessee agrees to furnish Lessor a copy thereof within two (2) weeks of Lessee's receipt thereof. Lessor agrees that neither Lessee nor the attorney or firm of attorneys rendering the opinion or certificate shall be responsible to Lessor for its correctness, the said opinion or certificate being furnished to Lessor simply for its own convenience, information and personal use. Similarly, if any curative material is obtained by Lessee, a copy thereof shall immediately be furnished Lessor under the same conditions of non -liability on the part of the Lessee or the persons who may have obtained or prepared the same. (Revised 3/2023) Small -Tract Oil and Gas Lease Page 14 IN WITNESS WHEREOF, Lessor has hereunto signed and caused its name to be signed by the CHAIR, BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF WELD, with the seal of the office affixed, and Lessee has signed this agreement, the day and year first above written. LESSOR: ATTEST: degifetA)�• � �� Weld C unty Clerk to the Bo - rd WELD COUNTY, 0s..QLORADO BOARD OF COUNTY COMMISSIONERS By. Deputy Clerk to the Board STATE OF CAtt rQeln ) ) ss COUNTY OF ;Denver ) air, Board of County Commissioners JUN 1 7 2024 rces LLC Signature _ _1 Qvtd RICk1dYa - � SVP `..Qt Printed Name and Title The foregoing instrument was acknowledged before me this Z2 day of frhy , 20 24 , by Davirit3frirorrison Witness my hand and official seal. GAM erp-41 Notary Public (/ My Commission Expires: 3 /L4 /2025 Katharine J Multer NOTARY PUBLIC STATE OF COLORADO NOTARY ID# 20084005039 MY COMMISSION EXPIRES March 4, 2025 (Revised 3/2023) ' o 9-1Coos. sou 983 per 30 • recordedSEP 17 1935 at 5 3O0'clock_C_Ni.__ ReceptionZ21 9 WALTER F. MORRISON, Recorder S'TA1•' Or COLO''ADO, ) so IN THIS DISTRICT COURT County of old. ) No. 9006 • 3OAm.) 07, couTtoY CO1:I1SIOJT":"^ so I) COilITTY, OOLO Petitioner, rc ) ) ) -vs- ) 'ARVADA LOD,r7 :10. 145, I.0.0.0. of Arvada a n1/ D. r os ';,- 0.. ^'15 Colorado, ..,:.! � I,. G�.., .. F'''�::::�. � LOAN CO'.RPTTIY OF D? i0 51, a Colorado' Cor- norstion, OMITS 1. 1AI13, CII2 RJ'S". '.. MC- CLOC:'_ 'O0, r'?DO?'AL LAND .3, 00 OF of Wichita, Kansas, HITOT I T G. DA1II'1L, TRUST'?", as Trustee for Pet so's Trust Company, a Nebraska Corporation, 3n""'Lr,A D,,.T_'Ii' , -`?3115. n. `'.'01,1"? f ,',f )T 11. 1:1cT11I ,_ Y, LA,,,1111 17'x!1 COU1I'^`.:i:1 ;.:11 r: TRUST CO'SP^.1IY, a Colorado Corporation, JO , P 1!I11'? 1''?CETI"'i,T., SARAH I?. CTAL ,A C?, O,M1 A. 'ELT -.71I, "II- '.-IOTT NATIONAL I;ANN ) OF LINCOLN, : "51,550, PPM KU:'rN"11, also known as F'?t"T)^TIICt' KIT,!:7R, KATE ICR1:1.I.R, OJVa1, TarL K. DOLTO11, Vil . '1 0 C ULO" /1WO )A"i LO".id CO:iP:al', A Colorado Corpora- tion, .11O11I:i 1.). '1x:;'':` ":'1, /.jJI '1:) A. :•. ''111 1- ) ::) :: OL!) LL' :.iFOJ1 ur_"?; CO':.?1111Y, a Colo- rado Comoro tion, .'I"DA B. TOT;"^, •-•r A!/A :' ' T, -ciT:1"AT C,:'!;'13: TY Corpora- , a Cox'p ) do u, "Toys _1. ''t_0P1°10, JOLT �._,n, .,� OT,rl'1 ) ':IAI:v";.':-32 CAIN, .'/1ST 111 1/. Ti1OPP3', JEST ) SCH! I:1?, I.10I:A P. OO'_Y, CNART23,5 1:1t7.i ,iYD ) JOH ,1 00,1, A SA B7IL JOINTS O! -T, 247511/111 l:1. ) AC'IOLA, 0?,'; .T. !10', :HARRY 0. ' RSO i", V:. 1721,:1?, 1), �",TO1-1,1'', (.l. r:. DOVE, R7FRILA. 0. AUDEMS, 0. _1. 05011 ) 10 12011 r. 1:O OD, i/tRIO',"T MUD LIT'-, ) IAIOUR `•/C:O CO:P:'AI'IY, an Ohio iCorporation, ) 0 ARL7S t ""3O'/S, .1001 /! 0, ',ARCO S, ) l.,I C. _77?"C,u., r743?c' i ,rl12liIslo, I1/EE'OLD W. '"OOD, -;7r"LI1•;A W. "ISh1O3, ) r. J. ,;7APO1, as Conservator of the ) estate of :,:7:11,2 '". CPAIlOLOP, W. 7. ) 'I.° 1'1f3L 110, Cle.irteant, AARON .t. CAPP, ) 0" p S'': C. -OS, COI? J' LIDS r . COid'V_S, oitr.--��: 11111ARD S. ?7:;,'rn':it' 11110/21' J. O2OOOD, '. ?.LLIA I G. TIC' , ';"r i BT, IG G: T)A y.': i 05.12" K, Respondents. TI/l/LT, 8111550 OF COURT This matter coming regularly beforrr the Court this 16th day of Soptoecber, 1935, upon the tIs't'fieate of the Commissioners 1/14 BOOK 983 N ! heretofore appointod by the Court, and the Court having road and consider:d the Certificate of the Commissioners, FIO S that said Commissioners have ascertained end determined that it is necessary that the }resent I:ifhwny right-of- way be widened by taking of lends to include those herein des- cribed. 5 0001 i i D 3 FINDS that petitioner has deposited in the registry of this Court the total sum of Five hundred ':ighty- five and 12/100 Dollars (585.12) to be disbursed to the record owner and to other r ,spondents, if any, having on interest in each parcel as their Interest shall appear. 7117' .70PY., 1T TS .ADJOIDf:•'.D to be due and there is hereby awarded to Arvada Lodge lIe. 145, ?'.n.1.T6., of Arvada, Colorado, owner, the sown of Six and 05/100 Dollars compensation for Parcel 1, acing: A strip of land 20 feet vide adjacent and i;orth of the present highway right-of-way, extending; Westward : pproxixnr tely 2640 feat from the ',as v a'6.05) Boundary line of Section 24, to the berth and South center line of said ^ ection, in '2,w sh p 8 North, Range 60 .act of the rite P. cwit las- ing approximately 1.21 a ores. x,....,,,1,0/6;, IT IS ; r,J1TO7D to be due and there is hereby awarded to Sarah D. Rice, owner, and The Farmers Loan Company, of Denver, mortgagee, the sum of Six end 05/100 Dollars - - - :,,6.05) compensation for loccal 2, being: I. strip of lend 20 feet vide adjacent and North of the present highway right -of -Clay, extending Westward approximately 2640 feat from the Sorth and South cantor line of Section 24, to the 'est boundary line of said Section, in Tounship S Korth, Serge 6O .lest of the 6th 1. :., containing apon ox:Laatoly 121 acres. a11-11770137, IT IS ADJU1s:Ii to be due and there is hereby Dollars awarded to Chris G. Leib, owner, the sum of Six and 05/11721 -(66.05) compensation for Parcel 3, being: A strip of lend 20 feet wide adjacent said North of the present highway right-of-way, extending Vestunrd approximately 2640 feet from the "<,sast boundary line of Section 23, to the JForth and South center line of said Section, in Township 8 North, Rango 60 West of the 6th P. H., and con- taining approximately 1.21 cores. 2/14 NW .PLR) PA[it zJ THIRt;F0RQ, IT IS SDJUDGT'D . to be due and there is horeby awarded to Charles 7. 'teCutcheon, owner, and the Federal Land Sonic of Wichita, of Wichita, Kansas, mortgagee, the sue of Six and 05/lOO Dollars (fi5.05) compensation for Parcel 4, being: A strip of land 20 font wide adjacent and Worth of the present highway right-of-way, exO;ending ' es tocard approximately 2640 feet from the North and South center line of Section 23, to the :Qat boundary line of said section, in Township 8 North,• Range. CO West of the 6th P. M., contain- ing approximately 1.21 aces. TH7771, F;'?, IT IS 'nJ1l , D .to be due andthere is hereby awarded to Harbert S. Daniel, Trustee, as trustee for Peters Trust Company of Omaha, Nebraska, owner, the sum of Six and 05/100 Dollars (�:: 6.05) compensation for Parcel 5, ':,ding: A strip of land 20 feet vide adjacent and North of the present highway right-of-way, extending 7:estpard approximately 2640 feet from the last boundary line of r:ection.22 to the North and South canter line of said section; in Township 8 North, Range 60 :gest of tb:+ 6th P. M., 1., containing approximately 1.21 acres., ' 51 ' 7 F01I , IT IS AT47.1) 77) to be due and there in hereby awarded to lacella Penman, owner, the sum of Six and 05/100 Dollars ((e;.05) compensation for Parcel 6, being: A strip of land 20 fait vide adjacent and North of the present highway rigit-of-way, extending Westward approxina ely 2640 foot from the North and South center line of Section 22 to the host boundary line of. said Section, Township 8 North, Range GO 'est of the 6th . '..'., containing - npproxima t e'! y 1.21 acres. 1=7'"FO`,7, IT II ::DJ DG7D•to tee due and there is h s eby awarded to Frank B. 'Folfe, owner, the sum of Six and 05/100 Dollars ($6.05) compensation for Parcel 7, being: 2.A 3/14 ROOK 983 PAL" p33 A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 feet from the fast boundary lino of Section 21 to the North and South center line of said Suction, Township 8 North, Bongs GO West . of the 6th P. I$., con- taining approximately 1.21 acres. TT ",,R,'1.,OP77, IT TS ADJUDfrI) to be due and there is hereby award- ed to Clyde W. McWhinney and Lorimer County Bank tw Trust CoMpany, owners, and Josephine Backfield, mortgagee, the sum of Six and 05/100 Dollars (06.05) compensation for Parcel 8, being: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 feet from the North and South center line of Section 21, to the feet boundary line of said. 'action ?ownship 8 North, Ban ae 60 ''est of the 6th P. :., eon- t,ininf ae_:;ro:.imntely 1.21 acres. T,70'17 t' "cam , i hereby . ,. ,� .._ 1_.. �� .:L��T D ,.rD to ;1 ' . !x0 and there is tivr t3by award- ed to Sarah 7. itollace, owner, and Thu Federal Land ;3aulc of Viottita, of ichite, itsnsas, mortgagee, the curt of Six end 05/100 Dollars (6.05) compensation for Sorrel 9, being: A strip of land 20 feet wide adjocennt and tooth of the present highway right-of-way, extending Westward approx- imately 2640 foot from the foot boundary line of faction 20, to the Worth and South center lino of said Section, Township 8 forth, Ti"nge 60 ":oo'u of VII 6ti? P. !I., eon- taininri approximately 1.21 acres. rr,-F077 TC . ,7i;D+'?;D to he duo and there is hereby awarded to Oren A. Waltzer, owner, and First National Bank of Lincoln, Nebraska, mort; c:;ee, the sun of Six and 05/1170 Dollars - - (6.05) co,panention for xarcel 10, 'octal: A strip of land 20 foot wide adjacent .!td North of the present hiahleay right -of -stay, extending Westward approx- imately "540 fat from the tooth u,axl South center lino of Section 20, to the Vest boundary ,lose of said ;%eetion, Township 8 North, mange 60 ':lest of the 6th P. M., contain- ing approximately 1.21 acre. THI/RrFORT IT IS ADJUDGED to be duo and there is hereby awarded to Fred Kummer, also known as Frederick Kummer, .;ad ;.ate Kummer, owners, the su.n of Twelve and 10/1 0 Dollars compensation for Parcel 11, being: (012.10) 3 4/14 BOOK S PAS c� A strip of land 20 feet wide adjacent and North of the present highway right-ofaaway, extending beatward approx- imately 5230 feet from the Last boundary line of Section 19 to the :.lost boundary line of said Section, Township 0 North, Range 60 .:est of the 6th P. 11., containing approximately 2.42 acres. T .r?I?' F, RR.'', IT IS A ICJIJDOM to be due and there is horob:= awarded to 't. :iouston, owner, eel The ederol Land Bank of Wichita, of Wichita, Kansas, and Land Bank Commissioner of Wichita, Kansas, mortgagees, the sum of Six and 03/100 Dollars - - - - - („Ai.J5) compensation for Parcel 12, being: A strip of land 20 foot wade adjacent and South of i;he present highway right-of-way, extending ':ostno;d approx- irnately 2640 feet from the East boundary line of Section 25 to the "north And South center lino of said Section, Township 8 North, Nan;ze 60 ' ost of tho 6th P. !4, contain- ing 1.21 acres. T' lF .' I S+ A n �: ,?? a� R" I'_ ,.�� . �JI��-"':]? to be due and thorn is hereby awarded to Tarl 'C. Diton, owner, end The Iastorn Colorado Farm Loan Company, mortgagee, the sum of Six and 05/100 Dollars (6.0 5) compensation for Parcel 13, (being: A strip of lea•: 20 Pent wide adjacent and. South of the present h.is/conk right-of-way, extending '.estnard approx- imately 2640 feet from the North and South center line of 3ection 25, to the gest boundary line of said Section, `i'owns: ie 3 North, Ra;:r'e SO 'Most of the 6th P. :i., contain- ing .1.21 e.cros. 'i' ; :'.:E :n; ., t'a' AfjbLufb to be due and there is hereby- awarded to Hiram D. Vawter, corner, the sum of Six and 05/100 Dollars --(6.05) compensation for Parcel A strip of land 20 feet wide adjacent end South of the present highway right-of-way, extonding ':estward approx- imately 2640 feet from the cast boundary line of Section 26, to the North and South center line of said Section, Township 0 North, Range 60 :est of the 6th 5. 11., contain- ing approximately 1.21 acres. 'c i"RrP0:'e, IT IS :+DJUI)Gi?D to be due and there is hereby award- ed to Alfred :itchelmore, owner, and the Oldham Mortgage Company, mortgagee, the sum of Six and 05/100 Dollars (;:6.05) compensation her Parcel 15, being: 5/14 983 Pic- PI A strip of land 20 feet wide adjacent end South of the present highway right-of-way, extending ':estward approx- imately 2040 feet from the North and South center line of Section 26 to the Nest boundary line of said Section, Township 8 North, Rene 60 West of the 6th P. 1;., contain- ing approximately 1.21 acres. TIT,R,F0R7, IT IS AL`JID(371D to be due anti th ,re la hereby award- ed to Not©lle Penman, owner, the sins of Twelve and 10/100 Dollars (012.10) Compensation for Parcel 16, being: A strip of land 20 feet wide adjacent and South of the present high*.any right-of-way, extending Westward approx- i"matoly 5280 feet from the ^ast boundary line of Section 27, to the oat boundary line of said Section, Township .8, North, Ran 1 :10 oat of the 6th P. 1., containing 2.42 acres. 't':!' R ;_ OR''!, IT IS t.DJI1I)017D to be due and there is hereby acrrd- ed to /hde Jones, owner, and 'ierchants Investment Company, uort,- En oo, the sum of Twelve and 10/100 Dollars compensation for Parcel 17, being:. A strip of land 20 fact wide adjacent and South of the present hi5hwo1 right -of -ray, extending testword approx- imately 5280 feet from the Yast boundary lines of Section 28, to the eet boundary line of sntd Section, ` ornship 8 North, Range 60 lost of the 6th P. .:., containing 2.42 acres. (;;12.10) viral t OF—, IT IS 1!;`TVDT D to be clue and there is hereby arerd-- ed to Hoyt D. ?thipple, owner, the sews of Six and 06/100 Dollars (;x6.05) oompensntion for Parcel 18, being: A strip of land 20 feet ride adjacent and South of the present highway rig;bt-of-;gay, extending "!estward approx- imnt•ely 2640 feet from the test boundary line of Section 29, to :forth and South center lino of said Section, 't'omaship 8 .:orth, Tian. e 60 .lest of the jtth P. /A., contain- ing 1.21 acres. '., 3R5:goir:, IT IS .?PJ1fia n to be due and there is hereby award- ed to John :dams, owner, the sem of Ci, and 05/100 Dollars (bG.05) compensation for Parcel 19, being: A strip of land 20 feet wide adjacent end South of the present highway right-of-way, extending Iestward approx- imately 2640 foot from the North and South center line of Section 29, to the ::eat boundary line of said Section, 6/14 B'ox 983 FAGS 36 Township 8 North, Range 60 'lest of the Gth P. :.4., contain- ing 1.21 acres. T}i' REFOwee IT IS ADJUDGED to be due and there is hereby award- ed to John Adonis, owner, the sum of Six and 05/100 Dollars (/;6.05) compopsetion f or rarcel 20, i •} : A strip of land 20 feat wide adjacent end South of the present highway right-of-way, extending ;yestward;epprox- imately 2640 feet from the East boundary line of Section 30, to the Worth and South center line of amid Section, Township S forth, Range 60 That of the 6th P. 11., contain- ing 1.21 acres. • TN: ' '0n;: :17 IS „DJUDGED to be :due and there is hereby award- ed to Olive ::argaret Cain, owner, the sum of Six and 05/100 Dollars ( (C;6.05) compensation for Parcel 21, being: A strip of land 20 feet vide adjacent and South of the present highway right-of-way extending Sestwr_rct approx- imately 2640 feet from the North Gaud •South center line of Section 30, to the 'lost boundary line of said Section, Township r'. `north, Nonce GO ;:feet of t `e Gth Po ., con- taining 1.21 acres. H7R,YORr IT TS ADTUC/"l) to be due and there is hereby award- ed to Martha A. Thorpe, owner, the sine of l sight and 47/100 Dollars (8 .47) 8.47) compensation for Parcel 22, being: t► strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 feet from the list boundary line of Section 24, to the North and South center line of aid Section Township 8 North, Range 61 east of the 6th P. N., con- taining 1.21 acres. xII7W:70R7 IT T2. ADJUDGED to be due and there is hereby award- ed to John Schemp, owner, the sure of Eight and 47/100 Dollars -U:3.47) compensation for Po_rcel 23, being: . A strip of land 20 feat wide ad jaeeat and North of the present highway right-of-way, extending westward approx- imately 2640 feet from the North end South center lino of Section 24, to the Jest boundary line of said Section Township 8, Worth, Range 61 ,'lest of the 6th P. II., con- taining 1.21 acres. 6. 7/14 • 983 giv : " V 7 PORE, IT IS ADJODGRD to he due and there is hereby award- _. od to 13ina D. Gray, Charles Richard Johnson and Anna Bell Johnson, owners, the sum' of Sixteen and 94/100 Dollars (616.94) compensation for Parcel 24, being: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 5280 feet from the Fact boundary line of Section 23, to the :eat boundary. line of said Section, Township 8 North, Range 61 Jest of the 6th P. Lt., containing approximately 2.42 acres. 2TIV,POR?o, IT IS ADJUDGWD to be due and there is hereby award- ed to Arthur tr. Accola, owner, and the Federal Land Bank of Wichita, of "'ichita, Kansas, mortgagee, the sum of Sixteen and 94/100 Dollars G16.94) ) compensation for Parcel 25, being: A strip of land 20 feet vide adjacent and North of the present highway right -of -nay, extending westward approx- imately 5280 feet from the feet boundary line of Section 22, to Ul3 act boundary line of acid, 'potion, Township 8 forth, Ui-n;_,e 61 '.eat of the 6th P. ::., containing approx- imately 2.42 acres. I2 IS ADJUDGBD to to due and thorn is hereby award- ed to Ole J. Moo, owner, and the Federal Land flank of itichita, of Wichita, Kansas, nlort fagao, the want of Sixteen and 94/100 Dollars - - 016.94 ) compensation for Parcel 26, being: A strip of lend 20 feet aide adjacent end North of the present highwar right-of-way, extending ceetvard approximately 5280• feet from the West boundary line of Section 21, to the Vest boundary line of said Section, Towohhip 8, Worth, Range 61 ,!est of the Gth P. :T., containing approximately 2.42 acres. f irirrOW , IT IS ADJUDG1D to be duo and there is hereby award- ed to Barr:! O. Parsons, owner, the sum of Hight and 47/100 'Dollars ($8.47) compensation for Parcel 27, being: A strip of land 20 feet vide adjacent and•Worth of the present highway right-of-way, extending Westward approximately 2640 feet from the Fast boundary line of Section 20, to the North and South center line of said Section, Township 8 North Range 61 Uest of the 6th P.M., containing approximately 1.21 cores. 7. 8/14 MAK s7CJt) rtetOi,Q • • Trnrrov, IT IS ADJUDC7D to In due and thnro In 1tnruhy award - • ad to A. ' :'. Poppor, owner, tin sun of 71.8.11t and 47/400 i;olllr3 co,.;• onact t an to. r 7tarC..,l. 23, bong: A strip of 1 irzcd 20 fns3t wide nd jacont mil North of tho prison/6 h t ",hviay right--of-may, ortondirtra, maiu tv:inM nppromes tmatoly 2640 foot from tho goSs n.nd South canton' lino of ?nation. 20, to the ' ast boundary . flno of !mid ”n ction, Torsi: ip 8 T{orth, Range 61 ¶7oa y of tilt, 6th 1' • 1 . , con- taining mopro ima to]y 1.21 acrcem • • f . % •✓ • 0,71 t :J• ar !111, ! .' : 1) YO [ : 6 sncl t hort2 is Iscrieby aw rd- od to Thc'r:ns Pntti rew, ouror, and.C. C. DOW, nartgncoo, the stun of 2. ix L oan and :34/200 Dollars - a a a a a_ s w a a ( V. ✓'� • etlwinnatIon, c nd Wsio gurthor 37th of :m.rty-five .. oiinrs t: ;C.00 3 tin ? r c ,:l 29, :nano:: strip of land 20 Lent 'a t do :adjacent alid North of the pt'f(3<Jft .' chra7' r Iglit-we:sw .. , 'pt von. din;,, • ost a:.'d cppro.'i- natelzt 6200 foot fron tAM :lot ",;loundavy lino of S;iction 19, to Van p us t boundary lino u:ti m:10 icl oct ion, Township 3 iort:1, iffliGa '31 est o1~ the . L• i i . L ., contninins lea t lfly 2.42 perils. r,,..,_,r Er,�.. • a s s .. 4 .. . od to eirstreall M • *.11111;71) to ' : e duo and t n. ern im :_,� �� t::rr; •side 0. Litirevo, o -;:3 3Y', t'#1. 0. ice• Oral: noritsocno tho : L' a of right n::a 4700.00 iiollcra nn +TI a M II s a a r a a a a i•. w •. `; s t I j compOnsotion for arcnI 30, taro. t A semi p of land `i0 fnot 'lido adjacent mid 3nut32 of tho prgson' hh t ratt richt••of-• ay, m 2 in6 s:ont, n d apmCF-. iflsz .: k 2040 £o^t from tha :lust gtounda r y lino of root .orA 25, to the forth "' ailt cunt u' line of mad rn ct4 on, Township 0 'north, 9rivo 31 12ont of the 6th P. : t., cones talntnr .'' pl roxlnntely 1.21 corns. •1' •3 to , ;amen -17 .�:.; I jt to ::to dua and Lh :r.3 to lynien7 awa de o cr'., ot'mr, PenS: Bunion Control Life Inmurunco Co± :v::t: y 2 no :• : a.:a. • coo, t.:a t sun of ,:t.i ntywefivo :tad 4 100 Dona a•s a a a a anti a a r a al a a ..... S S a M a comp2naatioa for Pare ol 51, bQ3n; • (G25,41) ;, s ti ip of land 20 fort tilde akt j a co nt and :fount of the present h s}may ri ght-off'-way„ bx ::o nd tng Ten tv wrd npprcas imatoly 7920 foot from tao North and South cantor lip. ;clonte ?,fib to e, o po i.n f Se Lion ins Terns a ofth a 61 ,.es o t tgi . H. con - in pan xt.t i :� 6 m '3 to ing _ po�v �t �1y • � a� o• 8. 9/14 x'83 rAt, TH7R7PORP, IT IS ADJUDORD to be due and there is hereby award- .ed to Charles B. Parsons and Aenry R. Parsons, owners, the sum of right and 47/100 Dollars ('3.47} compensation for Parcel 32, being: A strip of land 20 feet wide' adjacent and South of the .present highway right -of -nay, extending westward approx.- imetely 9640 feet from the 7,st boundary line of Section 27, to the North and South center line of said Section, Township 8 North, Range 61 West of the 6th P.eontnin- lug approxiisatoly 1.21 acres. THEREFO ;r, IT IS ADTUDOI to be duo and theme is hereby award- ed to 7dilliem C. lchmeeckle, owner, the sum of tight and 47/100 Dollars (083.47) compensation for Parcel 33, being: A strip of land 20 feat wide adjacent and South of the present highway right-of-way, extending -:estwarcl approx- imately 2640 feet from the North end South center line of Section 27, to the ,:est boundary line of said Section, Township light 'forth, Renge 61 ' est of the 6th containing anaroxiaately 1.21 acres. TH7R.71,0'; ', IT IS .,_iJiD/nw) to be due and there is hereby avert- ed to Joseph• .atkins, owner, the sum of light and 47/100 Dollars compensation for Parcel 34, boin_e: A strip of land 20 feet ride adjacent and South of the present highway right-of-way, extending ':ostward approx- imately 2640 feet from the Nest boundary line of Section 28 to the North and South center line of si id Suction, Tomnship 0 North, Range 61 Wont of the 6th ?. n., contain- ing approximately 1.21 acres. T01SR F0 IT IS ADJUi/G1O to be duo and there is hereby award- ed to Harry 0. Persons, owner, the spa of Twenty-five and 41/100 . rollers (25.41), . comne_ssstion, and the further sins of One Hundred Dollars (1100.00) as damage, for Parcel 35, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending Westward aonrox- instely 7920 feet from the North and South center line of section 28, to the eat boundary line of Section 29, Township 3 north, Range 61 .!lest Of the 6th P. I,4., con- taining, approximately 3.64 earls. 9. 10/14 BOOK PIGS % TH?[t1O 0RR, IT IS ADJUDGED,to be due and there is hereby award- ed to Thomas Pettigrew, owner, the sum of Sixteen and 94/100 Dollars (016.94) compensation for Parcel 36, being( ' A strip of land 20 feet wide adjacent and South of the present ,eighway right-of-way, extending :Jestwar'd onprox- imately' 5280 feet from the :Test boundary line of Section 30 to the 'lest boundary line of said Section, Township 8 North, Range 61 rest of the 6th P. :.., °entein2 approximately 2.42 acres. TH?,7"0'''"`, IT 1(1 ADVJDOnD to be due end there is hereby award- ed to There'd ` . -cod, owner, the sure of Sixteen and 94/100 :)ollers (016.94) compensation for Parcel' 37, beings it strip of land 20 feet wide.adjacent jacent end North of the present highway right -of -ray, ,?:tendinb ":'/eatward epprox- imetele 12/;0 feet from the °eat eon dary line of 3eotion 24, to the I/cot boundary liars of said Section, To ;neltip 8 North, Rerige 62, eest o3 the 6th P. 1., eontoining 2.42' vexes. THP 1011', if 13 ADJUMED to be due .end there is hereby award- ed to '(reline ''. "tenor, owner, the sem of Eight end 47/100 Dollrr.s e -------- -- (F`.3.47) com 13tite et"lot? .for rercrl 30, being: A strip of land 20 foot wide adjacent rind 'forth of the present highway right-of-way, extending '"'estword cpprox- imstety 2641) feet from the Rest boundary line of Section 23, to the North rind South center line of sold Section Township 3, North, forge 62, ' csi: of the 6th P. fl., con- tlainin7 1.21 acres. Th'T?': �.�? •s !ri T- IJy,TDGT,ID to be due and there is hereb; award- ed to fon'y" '.':. Spangler, owner, rend W. 7. Spangler, claimant, the stem of bight ,std 47/100 '_•)olir.#rs - (Q8.47) ) . ccgranac t:ion for P .reel 39, •ring: Jr strip of lend 20 feet wide ac jacent and North of the p eehighway hay right-of-way, detendin1 Westward npprcx- (mutely 6240 feet from the North and South center line of Section 23 to the 'lost boundary line of sold Section, Township 9 North, Rene 62 West of the 6th /• I., anti containing 1.21 acres. T'.lT'.?i'T,0117, ITT IS ADJUDGED to bo due end there is hereby award- ed to Aaron J. Chop, owner, the stun of Sixteen and 94/100 10. 11/14 Dollars. (010.94) compensation for• "nro,l 40, beings strip of land 20 feet side adjacent and North of the present airway ri zt- 'f -way, extol:dints 'Ioetoartl 3280 feet from the r:net boundary lino of Section 22, to ;:tics "lest ''ousiddry line of said :Notion, Township 3 3Fnrth, 2an'n •62 •eot.•of the 6th P. Y., containing npproximetely r IT It, A ij'M' to be duo and thlra is h.sr.,hj aYnard- od to mart s G. Srect, • or_ses , earl Lead :rsslc Coon i.aioner of "=tthita, nsao, nortsn; yes tho ess of '..:tg;ht onr] 47/100 Dollars - - (0.47) ccrnpenantibn Ill Pr ce1 41, bei,IUt strip or lend 20•fLset wide edjoee:it o:. South of the pr,,gent •'11.:..may rii5ht-of-sui, ex_�•�"andini ....estsa.:s op, rox- le1tt l 2140 fs t frcm That 'a:.+o der;: 31no of ,otto.a 20, to t:'tti 1orth end South sector lion of uT::i:1 Suction, ?+?>r ne?'., jn 'i 72 t', !!a.1_= l2? "•' t QS. '.. . c;:Ih t. eon, tiinlAi^_ ,7 nio,•i nto1;' x..21 cores. '3151, °j�S'i1 1 ic' b?'1 alto : sxl 5/3o la :t:T3 by nyard- od to (ornAit+a . (lone., ow1ie:r, the num of ag'at r.:di 47/100 tollsre r1.47) comp ens, tion r,s. _ 4,y.•e1 :,11nrs strip or 1Lsnd 20 ":a t. ride .'11.40,1,r' b 1;cT:lth of t:•n 'tiersny T{C..t_of-way, s:.tondinil • •netward 2640 :opt?, .^• /4 nenter line of flettion ;25, . t'T ` " se : 1.ounder7 ?Ana or Tnal " ?eel_.c.s, '.: owes sip 1_:! '. al,proZf.`_ a � ly 1.21 :e t"''F!'.'1. . • t T7tr .: .. _ •� N=1.�. ..., :720, to doe 1•.::d t1bTY'e.t3 is•31't'.t?y 8R1l2Tel- ad to Willte3•rl ... ,utters, cernar.', and .ht:t;tle J. 9ret;o- d, mi tOoleo, the nttm C quite zi .':n 94/1'7J) Ooi1.svre (10.24) ouepensntio-' for :."-Drell •33, hoir8s 't etri), ,f land 20 fe t side czc ce-set s d South ilf the prt°n at: • lhnn right -of -w , e;:te,dins r )prex- i.n-itely 5230 ((pit foci th. xznt ':oen4lery lino of .:-action 26, to the ':sat houndre-c' line n ' said 3ectton, 1: nark }s'ip 8 North, Retro OR 'lest ia,' t31n .",'!:h F. •'., eont:dtrtnl P.42 acres. l'7,1171"*. TI 53 10IVOr, ID to be duo and t harn is hereby nvard- ed to Billies C. `Io'eg (senor, end Brit •gar ala State Break, mor : ;az elo, the 311M of " LZI T .a e:zxl 92/100 floi lcc'a ((l6.94, compensation for R.arool 44, beings 11.. 12/14 um SU,3`A. 42.. A strip of land 20 foot vide adjacent and South of the present highway right-of-way, extending Westward approx- imately 5280 feet from the ^,ust boundary line of Section 27, to the West boundary line of said Section, Township 8 North, Range 62 West of the 6th P. 23., containing approximately 2.42 acres. IT IS FURTIEOR ORDERED, ADJUDGED AND UECIPIED that petitioner is entitled to take for the widening of the present highway each and every tract or parcel of land hersinbofore le:=,ribed and that 'gold County 5h311 hereby bo;omo aeizod in fee thereof and entitled to the possession thereof acid to hold and use the coma for the pur- pose of a public highway and in discharged from any and all claim for any ummages by reason of any ::tatter specified in said petition and this Ruling. Done in open Court t`ais/eday of September, 1935. By the Court:. • fudge 12. 13/14 Bong 983 01 43 CERTIFICATE OF COPY_ Tho TAbaae.Repablkan Publishing Ca, Greeley, Colo. STATE OF COLORADO) ss. County of Weld I, A. J. LUTHER __Clerk of the District Court, in and for the aforesaid County and State, do hereby certify that the within and foregoing is a full, true and correct copy of FINAL RULING OF COURT in Cause No. 9006, entitled: --BOARD OF COUNTY COM1I;ISSIONERS OF WELD COUNTY, COLORADO, Plaintiff versus ARVADA LODGE NO. 145 I. 0. 0. F., et al Defendants, as tie same appears from the Original Files and Records of this Court, in said cause in this office now remaining. IN TESTIMONY WFIEREOF, I have hereunto set my hand and affixed my official eat, at my office in Greeley in said County and State, this. 17th day of �O 2 Deputy. 14/14 Section 25, T8N, R61 W 0 1.21 acres Township/Range Section Qtr Sections Parcels 400 Feet Disclaimer tits pfoouci nM teen o..e4opee sole', ►or viral use am try Wahl Caunv The GIS oatavase appsCalon and on in the prolu:t is tuac to cong nt mange arc the a.t*sacj arrd tvepk'ttness cannot re ana 1 not yuranteeo The oesionaacel of rob or pvtelt of ra uses r the datatase 30es not !top) Mat Me lots or parses aere legal, created or trot the am uses ccrnplti stir app'CaD* :tale of Low at UNDER NO CIRCUMSTANCE SHALL AN, PART THE PRODUCT OE USED FOR FINAL DESIGN PURPOSES WELD COUNTY MAKES NO IVARRAW lE i OR GUARANTEES ErTHER EXPRESSED OR MPLED AS TO THE COMPLETENESS ACCURAC. OR CORRECTNESS OP SUCH PRODUCT, NOR ACCEPTS ANT LIABILITY ARISING PROM ANr LVCORRECT. INCOMPLETE OR MISLEADING INFORMATION CONTAINED THEREIN VERDAD RESOURCES LLC 5950 Sherry Lane, Suite 700 Dallas, TX 75225 214-838-3000 WELD COUNTY COLORADO BOARD OF COUNTY COMMISSIONERS PO BOX 758 GREELEY, CO 80632-0758 Payee ID: 6043 Check Number: 28252 Invoice Date Invoice Number Invoice Amount Discount Amount Paid 5/23/2024 OGL-WC05232024 $1,452.00 $0.00 $1,452.00 RECEIVED JUN 0 6 2024 WELD COUNTY COMMISSIONERS T3 ov\.)-S t h2"2to_e *PLEASE KEEP AND SCAN IN TYLER* Notes for Distribution Clerk Please send the Lease to Recording When the Oil and Gas Lease comes back from Recording, please be sure to make a copy for our files and mail the original, recorded lease to: Please mail to: Verdad Resources LLC Attn: Jeff Berghorn 1125 17th Street, Suite 550 Denver, CO 80202 Please include the following in the mailing: *Only the Original Recorded Lease and copy of resolution - DO NOT SEND BACK-UP OR MAP, THAT STAYS WITH OUR COPY OF THE LEASE. Thanks. Jess Date sent to Recording 6/21/214 Date mailed out 7/25/29 By l`Ao-r; a..ln 1 -175S -sr? S 2.®2y -i605 Hello