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Home My WebLink About20250777.tiff� _ RED HEN � J - ENERGY March 1?, 2025 Weld County Attn: Jess Reid — Deputy Clerk to the Board 1150 O Street Greeley, CO 80631 Re: Request for Consent to Assign Dear Sir or Madam, RECEIVED �6'0� P i ��L� V'��ELD COUNTY COMMISSIONERS Red-Hen Energy I Partners, LP ("RHEP"), recently acquired an interest into certain Leases, included on the attached Exhibit A, from Haimo Oil & Gas LLC ("Haimo") in an Assignment dated October 18, 2024. Subsequently, RHEP assigned a portion of the Leases via two separate Assignments. First, to Shepherd Oil & Gas, LLC ("Shepherd") and second, to Tejon Exploration Company. ("Tejon"). For your convenience and records, we have included copies of these recorded Assignments in this letter and listed the assignments and parties involved on the attached Exhibit B. Furthermore, RHEP has entered into an agreement to sell 58.9072�Ic of RHEP's interest in the Leases to Del Rio III SPV IV, LLC, and Dei Rio Royalty Company III SC, LLC (collectively "Del Rid'), which is set to close on or before March ?0, 2025. It was durin� the negotiation process with Del Rio that RHEP became aware that your consent may be required to assign a portion of the Leases. Under the tenns of the Leases, Lessee may assign the Leases, or an interest in the Leases with consent of the Lessor, and payment of a $25 fee. Please accept our apology and lack of procedural experience for not providin� this consent to assign request related to the prior a�si�nments and partial transfer in the Leases. RHEP respectfully requests consent to assigninent of the Leases from Weld County, Colorado, related Co the three recorded assignments, and the pending assignment to Del Rio. In accordance with the terms of the Leases, enclosed is check #1116 in the amount of $200.00, to cover fees associated with the Assignments. Nothin� contained in this letter is intended to or shall be deemed to have altered or otherwise changed any terms or provisions of the Leases. To indicate consent of the assi�nment of these Leases, please have this letter executed on behalf of Weld County, Colorado and return the same to me via email [o holt@redhenenergy.com. Should you have any questions regarding this �natter please do not hesitate to contact me at (214)-641-4548. Thank you for your understanding and consideration. Reg• ds, . Holt Redwine, Managing Director, Red-Hen Energy I GP, LLC, general partner of Red-Hen Energy I Partners, LP Lo �nSs��! 3-��- A�.,c�.a as 5949 Sherry Ln., Suite 1175 � Dallas, TX � 75 2� �(214)-234-0360 cc� i �p� � �� cl -N2n�n� � 1 �i� 1�`�,�rS, �P 3/l � /25 2025-0777 L �.oa"1 e _ 1 � � RED-HEN � J - EllTER(iY - Weld County, Colorado hereby Accepts, consents ro and agrees to the sale, assignment and conveyance of any interests in the Leases as of this ��clay of March, 2025. Weld County, Colorado Board of Weld Co�nty Commissioners Bv , Name: Perry L"Buck �`•�rii� 1 v L�L.v Title: Chair, Board of Weld County Commissioners ATTEST: . K j �'' «. � ' Weld County Clerk to the Board : Il �/�ll.. �� <<��I1 �-� . - :. � 5949 Sherry Ln., Suite 1175 � Dallas, TX �'75225 �(214)-234-0360 z o-Z5�a�� "1 � _ RED HEN � J - ENERGY - Exhibit A (Subject Leases for Consent Reyuest) Lease No. 1 Lessor: Weld County, Colorado Lessee: Carrizo Oil & Gas, Inc. Lease Effective Date: September 13, 2010 Rec No.: 3718545 L�O �-1(o — � County/State: Weld County, Colorado Description: SecCions 25 & 26-T8N-R61 W Lease No. 2 Les�or: Weld County, Colorado Lessee: Robert C. Julander Lease Effective Date: IVovember 17, ?010 Rec No.: 3734? 19 L� a�(o - a County/State: Weld County, Colorado Description: Section 27-T8N-R61 W 5949 Sherry Ln., Suite 1175 � Dallas, TX � 75225 �(214)-234-0360 � _ � � RED HEN ENERGY Exhibit B (Reference of Past Assignments) Date Assi nor Assi nee Record No. Recorded County, State Haimo Oil & Gas LLC Red-Hen Energy I Partners, LP 4988854 10/18/2024 Weld County, Colorado OO � � o C,o �nvc. a cv- Red-Hen Energy I Partners, LP Shepherd Oil & Gas, LLC 4991138 10/29/2024 Wz�d County, Colorado � �� o �S �. ' S'Ri � Red-Hen Energy I Partners, LP Tejon Exploration Company 5003509 0l/02/2025 Weld County, Colorado .S� o As ' ; 5949 Sherry Ln., Suite 1175 � Dallas, TX � 75225 �(214)-234-0360 4988854 10/18/2024 09:25 AM Total Pages: 9 Rec Fee: $53.00 Carly Koppes - Clerk and Recorder, Weld County , CO NOT[CE OF CONFIDENTIALITY' RIGHTS: IF Y'OU ARE A NATURAL PERSON, YOU MAY' REMOV"E OR STRIKE ANY OR ALL OF THE FOLLOWINC INFORMATION FROM ANY INSTRUMENT TH.4T TRr1NSFERS AN INTEREST IN REAL PROPERTI' BEFORE IT [5 FILED FOR RECORD IN THE PIBLIC RECORDS: YOL�R SOCIAL SECC?RITY NUM11BER OR Y"OL?R DRII'ER'S LICENSE NUMBER. ASSIGNMENT AND BILL OF SALE STATE OF COLOR:4DO COUNTY OF WELD } } KNO�4' .ALL MEN BY THESE PRESENTS i'H_AT: } Haimo Oil & Gas LLC. ��hosc address is 777 N. Eldndgc Park��a�. Suitc S10, Houston. Tcsas 77079 ("Assi�nor"), for and in considcration of ONE HUNDRED DOLLARS ($ I00.00y vid other good and valuable consid�ration. receipt of �chich is hereb� ackno��ledged. does hereb� assign. tr�v�sfer. grant �vld con�e� unto Red-Hen Energy I P�rtners, LP. �chose address is �)a9 Shem Lane. Swte 117�. Dallas. Te�as 7�??� ("Assignee"1. all of Assignor's nght. tidc and intcrest in and to die follo��ing: a. dic oil, gas and othcr mincral Icascs (thc "Lcasc'� or ��Lcascs'�) and �cclls (thc �-Wcll" or "�L'clls' ) insofar and onlc insofar as san�e are espressl} described on Eshibits "A�� and '�B�� including ant overriding ro}alt} interest, ro}alt} interest. non-«orking or carried interest, mineral fcc intcrest. operating nghts and o[hcr nghts and in[crest dcscribcd on Eshibits �'A�� and "B��, togcthor ��ith th� Imids co�crcd thcrcb} or pool�d or unitizcd thcrc�rith (the "Lands�). togc[hcr ��ith (i) ali nght. ridc, and in[crest of Assignor in and to an� othcr mincral intcrost of anc naturc (A) located in. on, or under the Lands. or (B) �chich are attnbutable to a designated pooled unit for an} of Ihc W'clls (as hcrcinaftcr dcfincd), insofar as samc is c.�pressl� limitcd to dic Lands. (ii) ali ngh[s ��ith resp�ct to an} p�oled. communitized or uni[ized interest b� virtue of anc Leases and L.ands or du intcrest d�scnbcd in clausc li) abo�c bcing a part thcrcof, and (iii) all production of oil. gas and associated liquids and other h� drocarbous (the �"HJ drocarbons��) after the Effective Datc (as hcrcinaft�r dcfincd) from thc Lcascs insofar as samc co�crs thc Lands. vid from �vi� such pooled, communi[ized or unitized in[eres[ and allocated to am such Leases and Lands or the intcrest dcscribcd in clausc (i) .vid (ii) abo�c. .vid dic Htdrocarbons dcscribcd in clausc (iii} abo��_ being collectivcl} referred to as the "Subject Interests�� or singularh. a'�Subject Interost:�� b all easements. rights-of-�ca�. senitudes. surface leases. surface use agreaments and other rights or agrccmcnts rclatcd to thc usc of thc surfacc and subsurfacc (di� ��Surfacc Agrccments��). in each case to the cstent used in connection «ith the operation of the Subjzct Interes[s: c. [o [he e�ten[ assignable or transferable. all penni[s. licenses. consen[s. appro�als or othcr similar nghts and pnvilcgcs (dic "Pcrmits"). in uach casc to thc cxtcnt uscd in conncction �cith dic operation of thc Subjcct Intcrests_ d. all cquipmcnt. machincn, fistures, sparc parts. in�cnton �id odicr personal propertc (including Assignor's Icascho]d i�tcrest thcrcin sub.jcct to ain� ncccssan� conscnts to assignmcnt) used in conncction ��ith thc operation of thc Subjcc[ Intcrests or in conncction ��ith Ihc production, treatment. compression, gathering, transportation, sale or disposal of H}drocarbons produccd from or attribu[ablc to thc Subjccts Intcrests (thc '-Equipmcnt"), and am ��atcr. b}produc[s or ��aste produced [herefrom or there��ith or othernise attnbutable ther�[o. induding all ��clls (��hcthcr producing, shut in or abandoned, and ��hethcr for production. produced ��ater injection or disposal. or oth�rn�ise) and the interesis therein describcd oi� Eshibits �'A'� and '�B" together �� ith all of Assignor's interest, if am , n ithin the spacing, producing , federal esploraton . enhanced reco��n. or go�emmentall� prescnbed unit attended to the descnbed Wells. �cellhead cquipmcnt. pumps. pumping tmits, flo«lincs. gathcnng s}stems, pipc. tanks, trcatm�nt facilitics. iqjection facilities. disposal facilities. compression facilities and other matenals. supplies and 4988854 10/18/2024 09 25 AM Page 2 of 9 buildm�s used m connection ��ith U�e Sub�ect Interests and the other matters descnbed m this definrtion of Assets (the Facilrties ') e to the ei-tent assignable or transferable, all contracts, agreements, dnlLng contracts equipment leases rental contracts, produchon sales and markehng contracts farmout and famun agreements, operahng agreemcnts service agrecments umt agreements, gas gathenng and transportation agreements and other contracts agreements and arrangements relatmg to the Sub�ect Interests and the other matters descnbed m tlus defimhon of Assets, and sub�ect to and m accordance wrth an} lunrtat�ons set forth m such agrccments (the "Contracts") f all files records and data relaring [o thc items described tn Section I Ol(a) through (e) mamtamed b} Assignor mcludmg «ithout limrtahon, the folIo«�ing, if and to the extent that such files e��st all books records, reports manuals, files trtle documents, mcludmg correspondence records of production and mamtenance, revenue, sales, expenses, warranhes lease files, land files wel] files, division order files abstracts, trtic opmions assignments, reports, property records, contract files, operations files copies of ta�c and accountmg records (but excludmg Federal and state mcome tar rehirns vid records) and files, maps core data, hydrocarbon analysis, ��ell logs, mud logs, field studies togetl�er �vith other files, contracts and other records and data uicludmg all geolog�c azid geophysical data a�id maps but c�cluding from the foregouig those files, records and data sub�ect to «ntten unaffil�ated tlurd party contractual restnctions on d�sclosure or transfer (the `Records"), and g to die eYtent momes are held ui suspense all momes held m suspense by Assignor relahng to the Wells before the Effective Date for the account of �� orkmg mterest ro} alty mterest and/or ovemdmg royalty interest o«ners Excluded Assets Norivithstazidmg die foregomg tha Assets shall not mclude, and aze ihc,refoie excepted, reserved and excluded from the sale, transfer and assignment contemplated hereb} the follo«mg e�cluded properties nghts, and mterests (collechvel}, the EYcluded Assets ) (a) all tradc credrts and all accounts, msinmients and genera] mtang�bles (as such tenns are defined m the Uniform Commercial Code as adopted m the affected �unsdiction) attnbutable to the Assets «�rth respect to any penod of time pnor to the Effective Date, (b) any cla�ms or causes of action of Ass�gnor, i anstng from acts, omissions or events, ar damage to or destruchon of property, occumng pnor to the Effective Date, u ansmg undcr or wrth respect to any of the Contracts that are attnbutable to penods of hme pnor to the Effect�ve Date (mcludmg clatms for adjustments or refunds), or �u �� rth respect to an� of tl�e Excluded Assets (c) ali nghts and mterests of Ass�gnor t under any pohcy or agreement of msurance or mdemmty, u imder any bond, or m to any msurance or condemnat�on proceeds or a�vards ansmg m each case from acts omissions or events or damage to or destrucrion of property, occumng pnor to the Effective Date (d) all Hydrocarbons produced from or otherwnse attributablc to thc Sub�ect Interosts �ith respect to all penods pnor to the Effechve Date, together «rth all proceeds from the sale of such Hydrocarbons, and all ta�c crcdtts attnbutable thereto (e) all claims of Assignor for refimds or loss carr} forn-ards ��ith respect to ad valorem, sever�ncc, production or auy other ta�es attnbutable to an} penod pnor to the Effective Date, 4988854 10/18/2024 09 25 AM Page 3 of 9 (� all ainounts du� or pa} able to Assignor as ad�ustrneirts to msurance prenuums rclatcd to flie Assets wrth respect to any penod pnor to the Effecttve Date, (g) all proceeds, mcome or revenue (and any secun[} or other deposits made) attnbutable to 'the Assets for any penod pnor to the Effecti�e Date (h) a1l documents and mstruments of Asstgnor that may be protected by an attomey-client or other pnvilcge, (�) data mfonnarion, and other property, nghts or mterests that cannot be d�sclosed or assigned to Assignee as a result of confidenhality or sunilar arrangements, �) all audit nghts ansmg under any of the Contracts or othenvise �rth respect to any penod prior to the Effectrve Date, a�id (k) all corporate mcome ta� and financial records of Assignor not mcluded m thc Records Snecial Warrantv of Trtle Assignor hereb} agrees to �4arra�rt and defend hfle to die Assets solel} unto Ass�gnee aga�nst every person «Uomsoever lawfull} cla�mmg or to claim the same or any part of the same by, through, or under Assignor, but not othenrise To the extent transferable, Assignor does liereby transfer aud conve} to Assignce the benefits of vid the nght to enforce all covenants and �� arrautics which Assignor ts entttled to enforce with respect to the Assets mcludmg «ithout lm�itahon, full subsrihrtion and subrogat�on of all pnor nghts and «arrant�, and the benefit of and the ngttt to enforce ali nghts accrumg under apphcable statutes of lunitation or prescnption D�scla�mer ASSIGNEE ACKNOWLEDGES THAT ASSIGNOR HAS NOT MADE, AND ASSIGNEE HEREBY EXPRESSLY DISCLAIMS AIYD NEGATES, AND ASSIGNEE HEREBY EXPRESSLY WAIVES, AIVY REPRESENTATION OR WARRANTY, EXPRESS, [MPLIED, AT COMMON LAW, BY STATUTE OR OTHERWISE, RELATING TO (a) PRODUCTION RATES, RECOMPLETION OPPORTUNITIES, SECONDARY OR TERTIARY RECOVERY OPPORTUNITiES, DECLINE RATES, OR THE QUALITY, QUANTITY OR VOLUME OF THE RESERVES OF HYDROCARBONS, IF ANY, ATTRIBUTABLE TO THE ASSETS, (b) THE ACCURACY, COMPLETENESS OR MATERIALITY OR SIGIVIFICANCE OF ANY INFORMATION, DATA, GEOLOGICAL OR GEOPHYSICAL DATA (INCLUDING ANY INTERPRETATIONS OR DERNATIVES BASED THEREON) OR OTHER MATERIALS (WRITTEN OR ORAL) CONSTITUTING PART OF THE ASSETS, NOW, HERETOFORE OR HEREAFTER FURNISHED TO ASSIGNEE BY OR ON BEHALF OF ASSIGNOR, (c) THE CONDITION, INCLUDING, THE ENVIRONMENTAL CONDITION OF THE ASSETS AND (d) THE COMPLIANCE OF ASSIGIYOR'S PAST PRACTICES WITH THE TERMS AND PROVISIONS OF ANY AGREEMENT IDENTIFIED ON EXHIBITS "A" AND "B", OR ANY SURFACE AGREEMENT, PERMiT OR CONTRACT OR APPLICABLE LAWS, INCLUDING ENVIRONMENTAL LAWS AND LAWS NOW OR HEREAFTER IN EFFECT, RELATING TO THE PROTECT[ON OF NATURAL RESOURCES NOTWITHSTANDII�IG ANYTHING TO THE CONTRARY IN THIS ASSIGNMENT AND BILL OF SALE, ASSICNOR EXPRESSLY DISCLAIMS AND NEGATES AND ASSIGNEE HEREBY WAIVES, AS TO PERSONAL PROPERTY, EQUIPMENT, INVENTORY, MACHINERY, FIXTURES, BUILDINGS, AND GEOLOGICAL AND GEOPHYSICAL DATA (INCLUDING ANY INTERPRETATIONS OR DERIVATIVES BASED THEREON) CONSTITUTING A PART OF THE ASSETS (�) ANY IMPLIED OR EXPRESS WARRANTY OF MERCHANTABILITY, (��) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, (ui) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS, (iv) ANY 1MPLIED OR EXPRESS WARRANTY THAT ANY DATA TRAIYSFERRED PURSUANT HERETO IS NONINFRING[NG, (v) ANY RIGHTS OF PURCHASERS UNDER APPROPRIATE STATUTES TO CLAIM DIMINUTION OF CONSIDERATION OR RETURN OF THE PURCHASE PRICE, (v�) ANY IMPLIED OR EXPRESS WARRANTY OF FREEDOM FROM DEFECTS, WHETHER KNOWN OR UNKNOWN, (vu) ANY AND ALL IMPLIED WARRANTIES EXISTING UNDER APPLICABLE LAWS, AND (vu�) ANY IMPLIED OR EXPRESS WARRANTY REGARDING ENVIRONMEIYTAL LAWS, OR LAWS RELATING TO THE PROTECTION OF THE ENVIRONMENT, HEALTH, SAFETY OR NATURAL RESOURCES OF RELATING TO THE RELEASE OF MATERIALS INTO THE ENVIRONMENT, INCLUDING ASBESTOS CONTAINING MATERIAL, LEAD BASED PAINT OR MERCURY AND ANY OTI-IER 4988854 10/18/2024 09 25 AM Page 4 of 9 HAZARDOUS SUBSTANCES OR WASTES, IT BEING THE EXPRESS INTENTIOIV OF ASSIGNOR AND ASSIGPTEE THAT THE ASSETS, INCLUDING ALL PERSONAL PROPERTY, EQUIPMENT, INVEN�'ORY, MACHINERY, FIXTURES AND BiJILDINGS INCLUDED IN � ASSEaS, 3HA]LL BE COPNEYED TO ASSIGNEE, ANiD ASSYGNEE SHALL ACCEPT THE SAME, AS IS, WHERE IS, WITH ALL FAULTS AND IN THEIR PRESENT CONDT!'ION AND STATE OF REPAIR. ASSIGNEE REPRESENTS AND WARRAN'�S TO ASSIGNOR THAT AS3IGNEE HAS IYIADE OR CAU3ED TO BE MADE SUCH INSPECT'iONS WITH RESP]ECT TO SUCH ASSETS AS ASSIGNEE IDEEMS APPROPRIATE. ASSTGNOR AND ASSIGNEE AGREE THAT, TO THE EXTENT REQUIItED BY APPLICABLE LAWS (INCLUDING ENVIItONMENTAL LAWS AND LAWS RELATING TO '1'HE PROTECTION OF 1VATURAL RESOURCES, HEALTH, SAFE�"I' Oit TJ� E1WIItONME1� TO BE EFFECTIVE, THE DISCLAIl4IERS OF THE WARRANTIES CONTAINED IN Tffi3 SECTION ARE "CONSPICUOUS" DIS[''i•Arn�'RS FOR ALY. PURPOSES. ASSIGNEE ACKNOWi,EDGES THA'1' IT HAS BEEN INFORMEID THA�' �II, AND GAS PRODUCYPiG FORMATIONS CAN CONTAIl�T NAT�TRALLY OCCURRING RADIOACTIVE MATERIAY. ("NORM'�. SCALE FORMATION OR SLUDGE DEPOSTTS CAP1 CONCENTRATE LOW LEVELS OF NORM O1V EQiJIPMENT AND O'I'HER AS3ETS. Z�E ASSEq'S SUBJECT TO TffiS ASSYGNMENT AND BII,L OF SALE Me+iY HAVE LEVELS OF NORM ABOVE BACKGROUND LEVELS, AND-A HEAL'I'H HAZARD MAY EXYST IN CONNECTIOl�I W1TH'1� ASSETS BY REASON THEREOF, THEREFORE, ASSIGNEE NYAY NEED 7CO AND SEfrD,LL FOI,LOW SAFETY PROCEEIURES WH�N HANDLING THE EQiTIPIVIE1�iT AND OTHER ASSETS. - Ass�enment. Th�s Ass�gnment and Bill of Sale shall be bmdmg upon and inure to the benefits of the parhes hereto and the�r respecrive successors and assigns Counter�art Egecuhon This Assignment and Bill of Sale may be executed m counterparks If counterparts of th�s Assignment and Bill of Sale are executed, the signature pages from each counterpart may be combmed �nto one composrte inshument for all purposes All counterparts together shall conshtute only one Assignment and Bill of Sale, but each counterpart shall be conscdered an ongmal atecord�n¢. In addihon to filmg this Ass�gnment and B�ll of Sale of record m the applicable county and state, the parties hereto shall execute and file vnth the appropnate suthont�es; whether federal, state or local, all forms or mstruments requ�red by apphcable law to effectuate the conveyance contemplated hereby Sa�d mstnunents shall be deemed to contam all of the excephons, reservahons, nghts, htles and pnvileges set forth herem as fully as though the same were set forth m each sach tnstrument The mterests conveyed by such separate ass�gnments aze the same, and not m addthon to the Assets conveyed herem Exh�brts Exh�brts referred to herem are hereby mcorporated �n and made a part of this Ass�gnment end Bill of Sale for all purposes by such reference � IN WITNESS Wf�REOF, th�s mstrument is executed the 1 M day of ��s� 2024, but shall be effectrve as of the 1'� day of Apn12024, (the "EffecUve Date") (Stgnattme pages to follow) 4988854 10/18/2024 09 25 AM Page5of9 �sse�rr�� l�aimo (Til 8s �;as [ l,� �y Namc 1 rtle � - � �,�W1paQ-- �C�RPURATF, ACi{I�i�W f.EDCA4EiVT sjaTH aF ��S f 1 caur�TY oH ��41a�,.nA � BEI'ORE M�, lhc undcrs�gned authoruy, an th�s dny personniky nppeured Z�1 S v ,'�v�e�w —�u4�re.�o+s �eNe�o�•n•w+�of �v�n,n L� << '�"a 1,.h.. , knawn to mc to ba the person and ofiicer �vhose name is subs4nbcxl to thc foregoing i�uwmenG and acknawledgod to me that he/she executed the same far �}te purposes and eons�deratian therem exp�ssed and in the capac�ty �hercm stetcd as ihe aa and deed of sa�d corporenon ��GI`V�E�N� UNDFIz MY HA�Ip AND OFFICIAI. SF.AL OI' QFFICE on Ihis i��day of ��cn' , 2024 . MY CaMMISSIp�N �C}�PIRES 0?.��'?,�o"ls� Notary Pubhc ��..��,..d.. � ""J� pLAiNA Rt}SINS�F! �}pr vpe •. i° fi:Notery P�bPtc, S�aao- oa T�xas ;y �}.�? Camm Exp�ros 02-25-2�26 �`'�°`,i"` 1Votary I� 1323751)9 0 Mdoa1G•'Rmu� 4988854 10/18/2024 09 25 AM Page 6 of 9 ASSiGNEE: RED-gIEN ENEl2GY i PAlt�'NERS, I.P A Delaware limited partnersh�p Sy: �tED-I�EN ENERGY I GP, LLC A Delaware l�mrted habtlrty company, its general partner By Name Brock Hensar mg T�tle Manag�ng Director CORPORAT� ACdCNOWLEIiG1V�ENT STATE OF e } ' } COUNTY OF } ' BEFORE ME, the undersigned authority, on th�s day personally appeared Brock Hensarling,lVlanaging Director of RED-HEN ENEItGY I PARTNERS, LP known to me to be theperson and officer whose name �s subscribed to the foregoing mstrument, and acknowledged to me that he executed the same for the purposes and cons�deration theretn expressed and m he capacity there�n stated as the act and deed of said corporation �'��G VEN CTNDER MY HAND AND OFFICIAL EAL OF OFFICE on this I�� day of ,�' , 2024 � . MY COMMISSION EXPIRES � , Notary Public �r HEIDI J DElIM Nptary ID x12482s696 . A1y�Commtssion Expfres �� February 18, 2026 4988854 10/18/2024 09 25 AM Page 7 of 9 EXHIBIT "A" ASSETS A wut has b��n wkibli�hed b� the, Cne,rg} and Carbon Man.igc,ment Commi�sion ( EC,MC' ) tor the, tollo�� mg l.mds Tounshtn 8 North. Ranae 61 West 6°i P M Sec,tion 25 All Sec,tion 26 All Section 27 All Weld Counn, Colorado Compnsing 1,920 00 acres more or le�s Ex�ibet ��" l�adaeio �iB & �as LL,C Measured 1 �e f ,ateral Well Nume Tutal Af'F' Uwner W 1 Uwner's Veri�cal Targei Cost (°lo) AFE Sharc DeP�h Depth I,ength Formation Surfucr Hole Locat�on Boltom Hole L,ocation (ft ) t� � (ft) Hil12527-01H $8,848 916 6 l 1742d% $541,326 22 159 6,350 ] 5,275 N�obrara Lot I Section 30 T8N-R60W NW14NW/4 SecUon 27, TSN-R61 W ' ' 707' FNI . 341' FWL 331' FNL , 200' FWL Hi112527-02H $8,848,420 6 I 17�24% $541,295 22,144 6,350 15 276 Niobrara Lol l Secl�on 30 T8N-R60W NW/4NW/4 Section 27, T8N-R61 W 708' FNL , 35T FWL R44' FNL , 200' FWL [ Gll 2527-03H $8,849 645 G 117�24% $541,370 22,181 G,350 15,278 N�obrara Lut t Secl�un 30, T8N-R60W SW/4NWl4 See,l�on 27, T8N-R6l W 70R' hNL , 373' r WL 1358' � NL , 200' F'WL E[i112527-{�4}i $8,852,063 6 117�24% $541,518 22 254 G,350 I S 279 Ntobrara Lul 1 Set,hon 30, T8N-R60 W SW/4NW/4 Seu�on 27, T8N-R61 W 7UR' FNL , 389' E� WL 1871' FNE, , 200' FWL H�ll 2527-U51 [ $8,85h,270 6 I 17�24% �541,776 22381 6 356 1�,281 Niobrara Lot I Scction 30 T8N-R60W SW/4NW/4 Scction 27, T8N-R61 W 708' E Nl. ; 40�' HWL 2384' o-NL , 200' FWL I oill 2527—0614 $R 861,802 6 I 17�24% $542,114 22 548 6,350 15,2R0 N�obrara Lot t Sec,uon 30, T8N-R60 W hW/4SW/4 See,twn 27, TSN-R61 W 7f19' E Nl , 421' HWI 23R3' b5[ , 2Q0'rW[ Hi112527-071[ $8,868,660 6 l 17�24%� $542 534 22,752 6 350 15.276 Niobrara Lot 1 Scctian 30, T8N-Rb0W I�W/4SW/4 Scction 27, T8N-R61 W ' ' 7d9' fNl , 43?' I'Wl 1870' f�SL , 200' �WL H�112527-08H $8,876,576 6 117424% $543,01R 22,991 6,350 15,272 Ntohrara Lot 1 Scction30 T8N-R60W T�'W/�SW/4 Sccuon 27, T�N-R61W 709' ['Nl , 453' 1'Wl 135T E 5L , 200' 1-W[. Hd12527-091-I $5 885,786 6! 17�124% �543,591 23,266 6,35(} 15,268 1Viobrara I ot 1 5ecuon 30, 1 RN-R60W SW/4SWl4 Sccnon 27, T8N-RGl W 710' FNL . 4b9' FWL 843' T'SI , 200' I'W[ I Ii112527-l01i $8,845 823 6 117�24% �544,195 23,569 6 350 15 263 N�obrara �°� � Sec.t��n 30, T�N-R60W SWI4SW!4 SecUon 27, T8N-R61 W 710' FN[ , 485' FWL 330' FSL , 20a' FWL 4991138 10/29/2024 08:20 AM Total Pages: 8 Rec Fee: $48.00 Carly Koppes - Clerk and Recorder, Weld County , CO NOTICF. OF CONFIDENTI:�LITY R[GHTS: IF Y'OU ARE A N:�TL�R�1L PERSON, YOU MAY KEMOVG OR STRIKE A�'Y OR ALL OF THF. FOLLOWIM1`G INfOR�1AT1ON FROM AI�'1' INS7'ltl'MENT TH:1T TR.ANSFGRS :1\ IN"CERF,ST IN RE.4L P12U1'ERT1' BEFORE lT IS FILED FOR RF.CORU lti 'I'HE PUBLIC RECORDS: YOUR SOCIAL SECUR[TY Nl1�IBER OR YOUR UR1�'�,R'ti LICENSE lYl�l�1BER. ,�SSICNNIGNT AND BiLL OF SALE STATE OP COLOftADO COUNTY OF w'ELU � � ; kVnW' ,11.L MEN BY 1�H1=.SF: PRF-:ShM S I HA I: � Ited-Hen Enerc,y I Partners, LP, �vhose address is �9-19 Sherr� I.ane. Suite I 175. Gallas. Te�as 7�?2� ("Assi�ntir"), for and in cunsideration uf ONE I�UNDREn nOI,LARS ($100.00) and �ithcr ��ood and valuable con,i�lrration, re�eipt of ��hich is hereb�� ackno��ledged, due; hereb� assi,n. transFer. �rant _ � and con�ey inno Shepherd !)il & Gas, LLC, �ahose addre,s is 59�49 Sheny Lane. Suite I 17i. Dallas. Te�as 7i??5 ("Assianee"). 10'%� ��t i\ti;i��nc�r's right, title and interest in and to the followine: �. [he oil, �as �nJ other mincral leases (the '�Lcasc" or "Lcascs") and wells (the `Well" or ..�b'ells"1 insofar and onl� insular as ;ame are e.�pre;sly de�aibed on Exliibits ��A" and •�g.. includin� an� uverridin� ro}afty interest, rovalt� int�rc�t. non-��urking ur carried interest, mineral tee inrerest, operating rights and other ri�_hts �nd interest described on G�hibits �A" and ��E3". together �� ith the lands co�ered dierebr or pouled or unitized therewith (the "Lands"), to�cther �� ith (i) all ri�ht, title, and interest of nssi�nor in �ind to any other mineral interest uf any natine (A) located in, on. or und�r the Lands, or (B) which are attrihumble to a dcsignatcd pooled unit for any of thc �'clls (as hereinlfter detined). insof�tt as same is cxpressly limilcd to the I.ands. (ii) all rights ��ith respect to any pooled. cummwiitizrd or unitized interest b� �irtue of any Ixases und Lands ur the interest described in clause (i) abu�r bein�� a part thereoE and (iii) all production of oil, g�s and assuciated liquids �nd other hy�dr��carbons (the "il��drocarbons"1 after the Effecti�e nate (as hereinaftcr detined) t}om thc Lcase; insotar as satne co��•rs the Lands, and fiom anv such pooled, communitized or unitized interest an� ullocated to am such Leases and Lands ur the interest described in clause (i) xnd (ii) abu�e, and the I I)drocarb��ns descrihed in clause (iii) above. bein<, . collecti�ely rrferred to as the ..Subject Interest;" or sin�ularl�, a..Subject Interest;.. b. all e�sem�nts, ri�hts-uf-t�a�. �ervitudes, surtace leases, surl<ice use agreements and other ri�hts or agreements rrlate� to the �ise uf the swface and subsurface (the "Surface A�rcements �). in each case tu the c�tcnt usrd in connection �� ith Uie uprration of the Suhject Interests: c. tu the exrent assi �nable or ue�nsferable, all permits. licenses, cuntients, approvals or other similar riRhts and privileges jthc "Pamits"), in each cax tu [he extent used in connection �ri[h the uperation of the Subject Interesti; d. all equipment, machinery. fi�tines. spare parts, inventory �inJ other peisonal pruperty (including Assi�nor's leasehold interest therein sub,ject tu an� nec�ssai� con�ents to a,signment) used in connection w ith the operati��n of the Subject Interests or in connection �vith the pruduction. treaunent, compressiim. �,athcrin„ n:lnsportation, sale or disposal ol H��drocarbons produced from or atn�ihutable to the Subjects Interests (the "Cyuipment"). and an� ��ater, b`products or ��aste produced thercfrom or there�cith or other��ise attributahle thereto, inclueling all ��c�lls (��hethcr pruducin�, shut in or abandoned, and whether for production. produced ��ater injection e�r di,pu.tial. or othcr��isc) and the interests thcrcin descriheJ on F�hihits "n�' and "t3'� together �vith all of Assignor's interest. if an�, �� ithin the spacing. pruducing . fcderal e�pl��rator�, znhanced recoret}. or governmcntall� prescribed unit at[ended to the described �1'ells. ��ellhead equipment. pumps. pumping units. ilo��lines, gatherin_ systeins, pipe. tanks. treatment t��cilities. iiijection facilities. disposal tacilities, compression tacilities and uther materials. supplies and 4991138 10/29/2024 OS 20 AM Page 2 of 8 buildui�s used in connectwn wrth the Sub�ect Inteie5[s and thc othei ntatteis desuibed in this definrtion of Assets (the `Facilrties ) e to the ertent ass�gnable o� transfe�able all contiacts agieements dr�ll�ng contiacts, equipment leases iental c.ontracts production sales and marl.eting cont�acts, faimout and farmin aaieements operating agreements, servtce agreements, unit agreementy gas gatheiino and tiattsportation adreements and olhei con[iacts agieements and anangements relating to the Sub�ect Interests and the other matteis desciibed in this definmon of Assets, and sub�ect to and in acco�dance with any limitations set foith in such agieements (the Contrac,ts' ) f all files records and d�ta �elating to the rtems descnUed in Sechon I Ol(a) through (e) mauitained by Assi�noi u�cludino, �vrthout I�mrtabon, the follo�ving if and to the ertent that such files e�ist all bool.s iecords �eporis manuals files trtle documents includuig cotiespondence recoids ofpioduction and maintenance, revenue sales e�.penses waiianties, lease files, land files well files drvision ordei files, aUsLacts trtle op�nions assignments iepoits, piopeity iecords contract files, operations files, copies of ta� and accountmg reco�ds (but ercludin� Federal and state income taa ietwns and �ecoids) and files, maps coie data, hydiocarbon analysis well logs, mud lo�s, field studies togethei �vith othei files, contiacts and othei record� and data includine all neolo�u and geophysical data and maps, but e�cluding from the foregomo those files �ecords and data sub�ect to wiitten unaffiliated third party contiactual resU�ctions on discloswe oi Uansfe� (the `Records' ) and �, to the e�tent monies a� e held in suspense all monies held in suspense by Acsigno� � elating to the Wells before the Effectrve Date foi the account of woil.ing interest, ioyalty interest and/oi overnding roy�ilry mteiest owneis Ezcluded Assets Norivrthstandin<� the foiegoin<? the Assets shall not include and ate therefore e�cepted i eserved and excluded fi om the sale transfei and assignment contemplated heieby d1e tollowing e�cluded pioperttes, rights, and mterests (collectrvely, the ` E�cluded Assets' ) (a) all trade credrts and all accounts, instruments and gene�al mtan�ibles (a� such terms are defined in the Un�foi m Commercial Code as adopted in the afiected�ue isdiction) atU ibutable to the Assets wrth �espect to any pei iod of time pnor to the Effectnre D1te (b) any cla�ms oi c�uses of action of Assignor, 1 3IISIIla from acts, omtssions o� events, or damage to oi dest�uction of property occui�inQ pnor to the Effective Date ii ai ising unde� oi wrth iespect to any of the ConU ac,ts that are atti ibutable to penods of time piior to the Effechve Date (mc,luding claims foi ad�ustments o� refunds), oi iii wrth respect to any ot the E�cluded Assets, (c) all iights and interests of Assi_nor, i under any policy o� agreement of insurance o� indemnity, ii unde�anybond or iii to any �nsurance oi condemnation pioceeds oi a�vaids arisinp u� each case f�om ac[s omissions or events oi dama�e to ot destiuction of p�operty, occ,ur�ing p�ior to the Effectrve Date, (d) all Hydrocarbons produced fiom oi otherwise attribut�ble to the Sub�ect fnte�ests wrth respect to all peiiods piior to ihe Ettective Date togethei wrth all pioceeds fiom the sale of such Hydiocarbons, and all taa ciedits attiibutable thereto (e} all clauns of Assignor foi refunds or loss carry foiwaids wrth iespect to ad valoiem seveiance, product�on oi any other t��.es att� ibutable to any pet iod prior to the Effective Date 4991138 10/29/2024 08 20 AM Page 3 of 8 (fl all amounts due o� payable to Assigno� as ad�ustments to insuranc,e premiums rellted to the Assets with �espect to any peitod pnor to the Effectrve Date (g) all proceeds, income o� revenue (and any secunty or othe� deposits made) attributable to the Assets for any penod pnor to the Effechve Date, (h) all documents and insriiunents of Assignor that may be protected by an attorney-client oi othei prrvilege, (i) data, infonnation, and other propeity, rights or �nterests that cannot be disclosed or assigned to Assignee as a result ot confidenUdlrty or similar airangements, (�) all audrt nghts ai�sulg undei any of the Contracts or otherwi5e wrth respect to any peiiod pr�oi to the Effecuve Date and (h) all corporate, income tax nnd finanual reco�ds of Assianor not included ui the Records Soecial Wai rantv of Trtle Assignor hei eby agrees to warrant and defend title to the Assets solely unto Assignee against every pe�son whomsoevei lawFully claimin� oi to claim the same o� any part ofthe same by, through, or under Assignor, but not otherwise To the ectent tran5ferable Assigno� does heicby transfer and convey to Assi�nee the benefits ot and the right to enfoice all covenants and warranties which Assignor ts enhtled to enforce wrth i espect to the Assets, including ti rthout limrtation, iull substitut�on and subrogation of all pnor rights and �varranty, and the benefit of and the itoht to entorce ali nghts accruuig under applicable statutes of limrtation or prescnption Discla�mer ASSIGNEE ACI{NOWLEDGES THAT ASSIGNOR HAS NOT MADE, AND ASSIGNEN, HEI2EBY �XPR�SSLY DISCLAIMS AND NEGAT�S, AND ASSIGNEE HF,I2EBY E,�PRCSSLY WAIVES, ANY REYRESENTATION OR WAI2RANTY, LXPRESS, IMPLIED, AT COMMON LAW, BY STATUTE OR OTHERWISE, TtELATING TO (.►) PRODUCTION RATES, RECOIVIPLETIOV OPPORTUNITIES, SECONDARY OR TERTIARY RECOVERY OPPORTUNITIES, DECLINE RATES, OR THE QUALITY, QUANTITY OR VOLUME OF TH� RESERVES OF HYDROCARBONS, IF ANY, ATTRIBUTABLE TO TH� ASSETS, (b) TFTE ACCUI2ACY, COMPL�TENESS OR MATERIALITY OR SIGNIFiCANCE OF A\'Y INrORMA1ION, DATA, GEOLOGICAL OR GEOPHYSICAL DATA (INCLUDING ArY INTERPRETATIOIYS OR DGRIVATIVGS BASED THEREON} OR OTHER AZATEI2TALS (WRITTEPI Oli ORAL) CONSTITUTING PART OF THE ASSETS, NOW, HERETOFO12E OR HEREAFTER FURNISHED TO ASSIGNEE SY OR ON BEHALF OF ASSIGNOR, (c) THE CONDITIO\, INCLUDING, THE ENVIRONMENTAL CO�iDITION OF THE ASSETS AND (d) THE COMPLIANCE OF ASS[GNOR'S PAST PRACTICES W1TH THE TERMS AND PROVISIONS OF ANY AGR�EMCNT IDENTIFIED ON EXHIBITS "A" AND "B", OR ANY SURFACE AGREEMENT, 1'�RMIT OR CONTRACT OR Al'PLICABLE LAWS, INCLUDING ENVIRONMENTAL LAWS AND LAWS NOW OR HEREAFTER IN EFFECT, RELATING TO THE PROT�CTION OF NATURAL RESOURCES NOTWITHSTANDING ANYTHING TO THE CONTRARY IN TffiS ASSIGNM�NT A\D BTLL OF SALE, ASSIGNOR EXPRESSLY DISCLAIMS AND NEGATES AND ASSIGNEE HEREBY WAIVES, AS TO PERSONAL PROPERTY, EQUIPVIENT, INVENTORY, MACHINERY, FIXTURES, BUILDINGS, AND GEOLOGICAL AND GEOPHYSICAL DATA (INCLUDING ANY INT�RPRETATIONS OR DEItIVATIVES BASED THEREON) CONSTITUIING A PAR1 OF THE ASSETS (�) ANY IMPLIED OR EXPRESS WARItANTY OF MERCHANTABILIT�', (u) ANY IMPLIED OR EXPRESS WARRANTY OF FITNESS FOR A PARTICULAR PURPOSE, (u►) ANY IMPLIED OR EXPRESS WARRANTY OF CONFORMITY TO MODELS OR SAMPLES OF MATERIALS, (rv) ANY Il'IPLIED OR EXPRESS WARRANTY THAT ANY DATA TRANSFERRED PUI2SUArT FIERETO IS NONINFRINGING, (v) AIYY RIGHTS OF PURCHASERS UNDER APPROPRIATE STATUTES TO CLAIM DIMINi7TTON OF CONSiDERATION OR RETURN OF THE PURCI-IAS� PRIC�, (v�) ANY IMPLIED OR EXf'R�SS WARRANTY OF FREEDOM FROM DEFECTS, WHETHER KNO�VN OR UNKNOWN, (vn) ANY AIYD ALL IMPLIED WARRANTIES EX[STING UNDER APPLICABL� LAWS, AND (vm) ANY II�IPLIED OR F,XPRESS WARRANTY RECARDINC ENVIRONbiENTAL LAWS, OR LAWS RELATING TO THE PROT�CTION OF THE ENVIRONMENT, HEALTH, SAFETY OR NATUI2AL RESOURCES OF RELATING TO TFI� RELEASE OF MATERIALS INTO TH� EIVVIRONMENT, INCLUDING ASB�STOS CONTAINING MATERiAL, LEAD BASED PAINT OR MERCURY AND ANY OTHER 4991138 10/29/2024 0S 20 AM Page 4 of 8 � HAZARDOUS SUBSTANCES OR WASTES, [T BEING THE EXPR�SS INTENTION OF ASSIGNOR AND ASSIGNE� THAT THE ASSETS, IhCLUDING ALL PERSONAL PROPERTY, EQUIPM�NT, INVENTORY, MACHINERY, FIXTURES AND BUILDINGS INCLUDED ]N TFIE ASSETS, SHALL BE CONVEYED TO ASSIGNGE, AI�D ASSIGNEE SIIALL ACC�PT THE SAME, AS IS, WHERE IS, �VITH ALL FAULTS AND IN THEIR PRESENT CONDITION AND STATE OF R�PAIR ASSIGNEE REPRESENTS AND WARRANTS TO ASSIGNOR THAT ASSIGNEE HAS MADE OR CAUSED TO BE MADE SUCH INSPECTIONS WITH RESPECT TO SUCH ASSETS AS ASS[GNEE DEEMS APPROI'RIATE ASSIGNOR AND ASSIGNEE AGREE THAT, TO THE EXTENT REQUIRED BY APPLICABLE LAWS (INCLUDING E1�VIR�NM�NTAL LAWS AND LAWS RELATING TO T11C PROTGCTION OF NATURAL RESOURCES, HEALTH, SAFETY OR TH� ENVIRONMLNT) TO I3T EFFECTIVC, THE DISCLAIM�RS OF THE WARRANTI�S CONTAINCD IN TH[S SECTIOIV ARE "CONSPICUO[JS" DISCLAINIERS FOR ALL PURPOSES ASSIGIVEE ACKNOWLEDGES THAT IT HAS SGEN INFORM�D TIIAT OiL AND GAS PRODUCING FORMATIONS CAN CONTAIN NATURALLY OCCURRING RADIOACTIVE MATERIAL ("NORM") SCALE FORMATION OR SLUDGE DEPOSITS CAN CONCENTRATE LOW LEVELS OF NORiVI ON EQUIPMENT AND OTHER ASS�TS THE ASSETS SUBJECT TO THIS ASSIGNMENT AND BILL OF SALE MAY HAVE LEVELS OF NORM ABOVE BACKGROUND LEVELS, AND A HEALTH HAZA� MAY EXIST IT�' CONNECI'ION WITH THE ASSETS BY REASON THEREOF, THEREFORE, ASSIGNEE i�4AY NEED TO AND SHALL FOLLOW SAFETY PROCEDURES WHEN HANDLING THE EQUIPMENT AnD OTH�R ASSETS As4�enment This Assignment and Bill of Sale shall be bmding upon and mwe to the benefits of the parties hei eto and their respective successoi s and assigns Counternart Eaecution This Assignment and Bill ot Sale may be e�ecuted in counterparts If counterparts of tlus Assignment and Bill of Sale aie e�ecuted, the signatwe pages fiom each counterpart may be combined into one composrte msU ument for all pui poses All counterparts togethei shall constrtute only one Assignment and Bill ot Sale but each counte�pait shall be c,onsideied an onginll Recordin� In addition to filing this Ass�onment and Bill of Sale of ieco�d in the applicable county and state the parties heieto shall e�ecute and file with the appiopnate authoi ities whether fedei al state oi local all forms or instruments required by applicable law to effectuate tlie conveyance contemplated herebv Said instruments shall be deemed to contain all of the e�ceptions, reseivahons i i��hts titles and pi ivileges set forth herein as fully as thou�h the same we�e set for[h �n each such inshument The inteiests conveyed by such separate assignments aie the same, and not in addttion tothe Assets conveyed hetein E�hib�ts Exhibrts �ete�red to herem aie heieby inc,o�poiated in and made a part of this Assignment and Bill of Sale foi all purposes by such iefe�enc.e IN WI TNESS WHEREOF, this �nstrument is e�ecuted the z� day ot �c,�� 2024 but shall be etfec,trve as of the ]'' day of April 2024, (lhe ` Cffective Date") (Sr�nudtn e pageti !o fr�llniiJ 4991138 10/29/2024 08 20 AM Page 5 of 8 ASSIGNOR � I2ED-HEN ENERGY I PARTNERS, LP A Delaware lunrted partnership By RED-H�N �NERGY I GP, LLC A Delaware limrted liability company tts aeneral partnei By ' Name Bi oc c ensai ling ']itle Mana��ngDiiecto�r CORPORATE ACKNOWLEDGMENT STATE OF TEXAS COUNTY OF DALLAS BEFORE MC, the undersigned authoiity, on this day personally appeaied Brock Hensa�lmg, 1s Managing Directo� of Red-I�en Energy i GP, LLC, a Delaware Iimited liability company, geneial partnei ou behalf of RED-HEN EN�RGY I PARTN�RS, LP, a Delawaie limrted par[nership, known to me to be the person and officer whose name is subscrtbed to the foregouig uistrument, and ac(.no�vledged to me that he executed the same for the purposes and consideiation therem e�cpressed and in he capacity therem stated as the act and deed of slid corporation VEN UNDCR MY HAND AND OFFICIAL SEAL OF OFFICE on tlus day of ,�024 _ . MY COMMISSION EXPIRES` %� G�� Notary Public HEIDI J DELIRA Notary ID X124828696 ;� AVy Commission Ezp�res February 18 2028 4991138 10/29/2024 0S 20 AM Page 6 of 8 ASSIGNEE SHEPHERD O1L & GAS, LLC �/�By i T�ame Ga � R wine Trtle Managei ACKNOWLEDGMENT STATE OF TEXAS COU\TY OF DALLAS BEFORE ME the undeisigned, a Notaty Public in and toi said County and State, on this day peisonally appeared Gary Redw�ne, as Managei ot SHEPFIEI2D OIL & GAS, LLC, I.nown to me ro be the person whose name is subscribed to the foiegoin� instrument, and acknowled�,ed to me that he/she e�ecuted the same for the purposes and consideratiun therein e�piessed and m the capacrty theiein s �ted GIVEN UNDER MY HAND AVU SEAL OF OFI"ICE this ,L � of 20?4 � MY COMv11SSfON E;CPIRES ` G��" Notary Public 1�1 �' � �' 4991138 10/29/2024 08 20 AM Page 7 of 8 EXHIBIT °°A" ASSETS A unit has been established Uy the Enerey and Carbon Management Commission ( ECMC') for the following lands Township 8 Notth Ranee 61 West, 6'�' P M Sectton 25 All Section ?6 All Section?7 All Weld County, Coloiado Compnsm� 1,920 00 acres, mo�e or less After recording return to Shepherd Royalty, LLC Attn Holt Redwine 5949 Sherry Ln STE 1175 Dallas, TX 75225 4991138 10/29/2024 08 20 AM Page 8 of 8 EXHIBIT "S" ASSETS Well Name Hill 2527-01 H H i I I 2527-02H HiI1 2527-03H H i ll 2� 27-04I 1 EI i I I 2�27-OS FI Hi I I 2527-0611 Hill 25?7-07H Hill 2527-08H HiII 2�?7-09H H�112�27-1011 5003509 01 /02/2025 02:37 PM Total Pages: 8 Rec Fee: $48.00 Carly Koppes - Clerk and Recorder, Weld County , CO NOTICE OF CONFmENTIALiTY RIGHT3: IF YOU ARE A NATURAI. PERSON, YOU MAY REMOVE OR STRII� ANY OR ALL OF THE FULLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE TT LS FILED FOR RECORD IN TFIE PUBLIC RECORDS: YOUR 3OCIAL SECURI'PY NUMBER OR YOUR DRIYER'S LICENSE NUMBER ASSIGNMENT AND BILL OF SALE STATE OF COLORADO COUNTY OF WELD } } KNOW ALL MEN BY THESE PRESENTS THA1': i Red-Hen Energy I Partnera, LP, whose address is 5949 Sherry Lane, Suite 1175, Dalles, Texas 75225 ("Assi�nor"), for and in consideration of ONE HilNDRED DOLLARS ($100.00) and other good and valuable consideration, reccipt of which is hereby acknowledged, does hereby assign, transfer, grant and convey unto Tejon Eaploration Company ("Assignee"), whose address is PO Box 176, Abilene, TX 79604 ("Assianee"), Seven and one 6elf percent (7.5%) of Assignrn's right, ritle and interest in and to the following: s. the oil, gas and other minerat leases (the "Lease" or "Leases") end wells (the "WeIP' or "Wells") insofar and only insofar as same ate expressly described on Exhibits "A^ and "B" including any ovemding royalty interest, royalty interest, non-worlcing or carried interest, mineral fee in[erest, operating rights and other rights and interest described on Exhibiis "A" and "B", together with the lands covered thereby or pooled or unitized therewith (the "Lands"), together with (i) afl right, Ntle, and interest of Assignor in and to any other mineral interest of any nature (A) located in, on, or under the Lands, or (B) which are attributable to a designated pooled unit for any of the Wells (as hereinafter defined), insofar as same is expressly limited to the Lands, (ii) al! rights with respect to any pooled, communitized or unitized interest by virtue of any Leases and Lands or the interest described 'm clause (i) above being a part thereof, and (iii) all production of oil, gas and associated liquids and other hydrocarbons (the "Hydrocarbons") after the Effective Date (as heroinafter defined) from the L.eases insofar as same covers the Lands, and from any such pooled, communitized or unitized interestand allocated to any such I.eases and Lands or the interest described in clause (i) and (ii) above, and tfie Hydrocarbons described in clause (iii) above, being collectively referred to as the "Subject Intetests" or singularly, a"Subject Interest;" b. all easements, rights-of-way, servitudes, surface leases, surface use agreements and other rights or agraemenu related to the use of the surface and subs�u-face (the "Surface Agreements"�, in each case to the extent used in connection with the opetation of the Subject Interests; c. to the extent assignable or transferable, ell permits, Iicenses, conseirts, approvals or other similar rights and privileges (the "Permits"), ia each case to the extent used in connection with the operation of tlie Subject Interests; d. al] equipment, machinery, fixtures, spare parts, inventory and other personal property (including Assignor's leasehold interest therein subject to any necessary consents to assignment) used in connection with ihe operaiion of the Subject Interests or in conneclion with the production, uestrnent, compression, gathering, transportation, sale or disposal of Hydrocarbons produced from or attributable to the Subjects tnterests (the "Equipment'�, and any water, byproducts or waste produced therefrom or therewith or othenvise attributable thereto, including all wells (whether producing, shut in or abandoned, and whether for production, produced water injectioa or disposal, or otherwise) and the interests therein described on Exhibits "A" and "B" together witi� all of Assignor's interest, if any, within the spacing, producing , federal exploratory, enhsnced recovery, or governmentally prescribed unit attended to the described Wells, wellhead equipment, pumps, pumping units, flowlines, gathering systems, pipe, tanlcs, treahnent facilities, injection faeilities, disposal facilities, compression facilities and other meterials, supplies and 5003509 01 /02/2025 02 37 PM Page 2 of 8 butldmgs used m connect�on with the Sub�ect Interests and the other matters descnbed m th�s dafmrt�on of Assets (the "Fac�hhes'�, e to the e�dent assignable or transferable, all contracts, agneements, drilling contracts, equipme�rt leases, reatal contracts, production sales and marketmg contracts, fazmout and fatntin eg�eements, operaqag agreaments, service agreements, uait agreements, ges gathermg and h�ensportation agreeraeirts and othercontracts, agreements snd arrangements relahng to the Sub�ect Intetr,sts end the otber matters described in this defimtton of Assets, end sub�ect ta, end m accordence with, any l�mrtahons set forth m such agrecments (the "Contracts"), f all files. records and data relahng to the rtems descn'bed m Sechon 1 Ol(a) tlu�ough (e) mamtamed by Assignor includmg, wrthout limitahon, tha followu►g, �f and to the extent that such files exist alf 600ks, records, reports, menuals, files, dtle documentg, mcludmg correspondence, records of pmduchon end mau�tenance, revenue, sales, expenses, warranhes, lease files, land files, well files, division order files, abstracts, dtle opinians, assignments, reports, pc�operty records, contract files, operahons fites, cop�es of tax and accountmg records (bat excludmg Federal and sffite mcome tax retums end reconis) end files, maps, core data, hydrocsrbon analysis, well logs, mud logs, field studies together with other files, contracts and other records and data including all geologic and geophysical data and meps, but axclud�ng from the foregoing thosa files� records and data sub�ect to written unaffiliated third party contisctual restricGons on d�sclosure or transfer (the "Records'�, and g to the extent momes are held �n suspense, all mon�es held in suspense by Ass�gnor relahng to the Wells before the Effechve Date for the account of workmg interest, royalty mterest and/or ovemdmg royalty interest owners E:cinded Assets. Notwrthstandmg the foregomg, the Assets shall not mclude, and are thetefore excepted, reserved and excluded from the sale, t�ansfer and assignment contemplated hereby the following excluded properhes, nghts, end mterests (collechvely, the "Excluded Assets'�- (a) all trade cred�ts and all accounts, nnstruments and generai mtangibles (as such terms are defined m the Unifvnn Commerciel Code as adopted tn the af%cted�urisd�chon) etunbutable to the Assets wrth respect to any penod of hme pnor to the Effechve Date, (b) any clauns or causes of actton of Assignor, � ansing from acts, omtssions or events, or damage ta or destruchon of pmperty, occunmg pnor to tha Effect�ve Dete, u ansmg under or with respect to any of the Contracta that are attr�butable to periods of tune pnor to the Effechve Date (�nclud�ng cla�ms for adjustments or ref�nds), or ut wrth respect to eny of tiie Excluded Assets, (c) all r�ghts and mterests of Ass�gnor, i under any pol�cy or agreement of mswance or mdemmty, u under any bond, or iii to any insurance or condemnahon praceeds or awards arismg in each case from acts, omtssions or events, or damage to or deshuction of property, occumng prior to the fiffectrve Date, (d) all Hydrocarbons produced from or otherwise attn'buEable to the Sub�ect Interests with respect to all periods prior bo the Effecdve Dete, together with all proceeds from the sale of such Hydrocarbons, and ell tax credrts attnbutable thereto, r (e) all cla�ms of Assignor for refunds or loss carcy fan�vards with respect to ad valo�em, severance, production or auy other taxes attributable to any penod pnor to the Eff�eciiva Dats, 5003509 01/02/2025 02 37 PM Page 3 of 8 (� all amounts due or payable to Ass�gaor as ad�ustrnents to msutance ptemiums related to � the Assets with respect to eny pertod pnor to the Bffecttve Date, (g) all proceeds, income or revenue (and any secur�ty or other deposrts made) attnbutable to the Assets for soy penod pnor to the Effecdve Date, (h) all documenb and instruments of Assignor that may be pmtected by an attorney-client or other pnvdege, (ti) data, mformahon, and other properry, r�ghts or mteresis that cannot be d�sclosed or ass�gned to Assignee as a result of confidentiahty or s�m�lar arrangements, �) all audrt nghts ansmg under any of tha Contracts or otherwise with respect W eny penad pnor to the Effechve Date, and (k) sll wrporste, income tax and financisl records of Assignor not tncluded m tha Itecords Suecial Warr�nri of T�tie. Ass�gnor hereby agrees tn warrent and defend htle to the Assets solety unto Ass�gnee against every person whomsoever lawfully claiming or to cla�m the same or any part of the same by, through, or under Assiguor, but not otherw�se To d►e extent trensferable, Ass�gnor does hereby transfer and convey to Assignee the benefits of and the nght to enforce all covenants and warren�es which Assignor is entrtled to enforce wrth raspect to the Assets, mcludmg w�thout timitarion, full subshtut�on and subrogadan of all pnor nghts and wan�anty, and the benafit of and the n�ht to enfo�e ali nghts accrumg under appl�cable statutes of lunrtation or prescnption II)isclaimer. A33YG1VEE ACKNOWI.E�ES THAT �►SS][GNOIB HA� P10T MADE, ANdD ASSYGIVi�E HEItEBY �XPRESSY,Y IDISCLAIlVIS AND IVEGA'PES, APTD AS3IGPTEE FdEREBY EI�R�S3Llt �'VAIVES, ANY REPRTESENTATION OR WARR.�ITY, EXPRES3, IIV[PLIED, AT COMMOP+T LAW, BY STATUTE OR OTHERWISE, RELATING TO (a) PRODUCTIOPT RATES, RECOMPLETION OPPOR'i[JNITIES, SECONDARY OR TERTTARY RECOVERY OPPORT[JPiITiES� DECE.ENE RATES, OId THL QUALiTY, QU.eiNTITY 04l VOLUME OF THE 1tESERVES OF B[YDYtOCAYtBO1NS, IF APiY, ATT�tIBUTABLE 'II'O TSE ASSETS, (b) THE ACCUIdACY, COIMPE.E'L'EN�$5 OR IYIATEl3IALITY OR SIGNIFICANCE Ofli' AY+TY IlVI�'OY21i�IATION, DATA, GEOI.OGYCAY. OR GE�PHYSICAL DATA (INCi,EJD1PTG ANY ENT�IdE3'ATIONS OR DERIVATIVES BA,SED THEREOl� OR OT'HER MATERIAL3 (WRITTEN OR ORAI,) CO2�STITU'P1PiG PART OF T�F: ASSETS, NOW, HERETOFORE OR HEREAI�'ER FURMSHED �'O ASSIGNEE BY OR ON B�1fiALF 01F A,SSIGNOR, (c) TEiE CONDITHON, IDTCLUDING, THE �NVIItONMENTAL COPTDITION OF THE ASSETS AND (d) T� COM�LIANCE OF A�SIGNOIt'S P�T PR.�CTICES dV1TH '�E 7fERMS AND PROVd�Im1�TS OF ANY AGREE1VI�NT II➢EPI'd'IF1ED OrT �1TS f°A" ANID "B", OR ANY SURFACJE �1GREEMENT, PERMIT OR COPi'Y'&tACT OR APPLICABLE LAWS, �IYCLIJDING ENVIRONMENTAL LAWS AND LAV6'S NOW OR HEREAFTER IN EFFECI', RELATIl�lG TO THE PR03'EL I'ION OF NATURAL RESOURCES NOTWITHSTANDING ANYTHING TO T'� CONTRAYtX IN THI3 A��YGNMENT AND BII,L OF 3ALE, ASSIGNOR EXPRES3LY DI�CI,ATNH3 APTD NEGATES AND A33IIGNEE HEREBY WAIVES, AS TO PEiiSONAL PROPEI2'I'ii, �QiJ�MEN'P, INVENTORY, 1VdACHIPIERX, FIXTURES, BUIL�ING3, ANID GEOLOQaICAI, AND GEOPIiIi�ICAL D.e►TA (INCLYJDING .�I+i5t YNTEItPRETATIUNS OR D�iIYA'�%VES BASED T�OI� CONSTgTQT%NG A Pe�T OF 'dHE ASSETS (�) ANY IIYIPY.aEI) OR EXPRESS WARRANTY OF MERCHANTABII.ITX, (uj ANX IlVIPLIEID OR EXPRESS Vf/ARRANTY OF F1TNE5S FOR A PARTICULAYt PEJRPOSE, (iu� ANY IIVIPLIED OR EXPRE3S R+ARRANI'Y OF CONFOR1bIITX TO MODELS OR 3�LES OF 117A'�'R7.ei.�, (iv) ANY INEPLEED OR EXPRESS WAatRANTY'Il�iAT MlY IDATA TRAPISFERRED PURSUANT FiE:R�TO iS MOMNFRIIUGIPTG, (d) ANY RIGI3TS OF PUR�iASERS UMDEld APPROPRIATE STA�'QITES 'd'O CLA�ILVI DIIMffivZJTIUN Ol� CO1�iSIDEYdA'dTON OR RET[TRI�i OF 1'� PET�CHASE PItICE, (v� AA1Y IMPLIED Olt EPCPRESS WAR�ANTY OF FREF�iOM FROM D�FECTS, W�ETHER KNOWN OR IJNKNOWN, (vii) APlY AND ALL IIi�E,IED W�.RRAN'CIE3 EXISTING UNDER APPLICABLE LAWS, APTD (viu) AP1Y IlVIPLiED OR EXPRESS WARRANTY REGARDING ENV�tONMENTAL LA�S, OR LAVVS REiATII�TG TO q'HE PROTECTION OF �E ENVIRONMENl', HEAY.T�i, SAFETY OR NATYJRAI. RESOYJRCES OF 1tELATFPIG TO T��E IdEI.EASE O�' MA'�RiAi C g1i�O T'H� ]ENVIRON1bI�NT, INCLIIIDING �4,SBESTOS COIKTAINING NIAATEItUlL, LEAD BA3E1D PAIN'� OR Ii�IERCURY ADIA ANTY UT�R 5003509 01/02/2025 02 37 PM Page 4 of 8 Ha�eunOU3 SUBSTANCES OR WASTES, IT BE1NG 'I�E EXPRES3 INTEI�ITIOI�I OF ASSIGNOR AND ASSIGNEE T�AT THE ASSET3, INCLUDIl�TG AY,L PERSONAII, PROP�iTY, EQUIPNNiEN�', INVENTORY, tVdACHINERY, ]FIXTURES A1�TID BaJ1�.DIlYGB YNCLiTDED IIV THE ASSETS, 3�►LI, � COPIdE�D TO A�SdGN1EE, e�ND A3SIQaP�EE SHAI.I. .4CC�f 1'HE SA1VdE, AS YS, WHEIiE IS, W1TH AY.L FAdJY.TB AND IN Tf�IR PdiE�ENT COTTDITIOI�T ��PID STA'CE OF REPAiQd. ASSIGN]F:E REP1tESEN'1'S AND WARRAtVT3 TO AS3IGNOR THAT AS3IGNEE HAS NI�DE OR CAiTSED TO BE A�E SUCH 1N3PECTIONS FVA�'H RESPECT TO SUCIi AS3ET3 eL4 AS�IGNEE DEEIl�dS APPROPR�ATE. ASSIGNOR l�NIi A3SIGNEE AGRE� �HAT, q'O T� E�C�TVT REQUIREID BY APPLICABI.E LA'R/S (INC1LUIDlNG ENVIRONMEEIYTAL LAWS AND LAWS RELATING TO TH� PRO'Y'�CTdON OF NATURAL RE30URCES, HEA]LTH, SAFETY OR ��NVIItONMEN1� TO BE EFFECTIVE, T�iE AI�C�LAIMERS OF THE WARRANTIE$ COIVTAINED !N �'diIS SECATON �E "COPTSPgC[TOUS" �DISCY,ABII��S FOR �LI, PZJItFOS�S. ASSdGPTEE A�TOWLEDGES 'd�IAT IT AAS BEEN 1INNFOYtMED 'd'HA7f OIL .AN1D GA3 P'RODUC�TG FORMATTON3 CA�T CONTAII�i NATURALLY OCCURRING RADIOACTIVE MATERYAL ("NORM'�. SCALE FORMATION OR SLUDG� DI;POSITB CAN CONCEN'Y'RATE LOW LEVEE,� OF NORM ON EQLJIPR�NT AND OTf�A �.SSETS. THE A93ET3 SUBJ�CT'�O'B'�IIS ASSIGAi1��F.NT AND BYLL OF 3ALE M�iY HAV� I,EVE�,S O� NORM ABOVE BACYCGROUt�TD H.�VEYS, ANIID A �ALTH HAZe�RID MAY EX[S�' IN CONNEG�pOPi VVTfH T� ASSE7l'S BY REASON 'd'H�REOF, 1�R�FORE, A3SIGNIEE N�AY NEED TO AND SHALL FOLLOW SAFETY 1PROCEIDURES WEiEN HANIDLIPTG TAE EQUiPMENT AND OTBER ASSETS. Ass�enmen� Th�s Assignment and B�II of Sale shall be binding upon and mure to the benefits of the parhes hareto and theu respect�ve successors and assigns Counteroart �xecotion This Assignment and Bill of Sale may be executed m co�tnterparts If counterparts of this Assignment and B�ll of Sale are executed, the signature pages from each counterpart ' may be comb�ned mta one composite mstrument for all pwposes. All counterparts together shall constrtute only one Assignment and Bill of Sale, but each counterpart shall be cons�dered en ongina! RCCO['�IOS In add�don to filmg ttus Asstgnment and B�kl of Sale of record m the appl�csble county and state, the part�es bemxo shall execute and file with the appropriate authorides, whether federal, state or local, all fotms or mstruments requu+ed by applicable law to ef%ctuate the conveyance wntemplated hereby Said mstruments shall be deemed to contam all of the excephons, reservahons, nghts. htles end pnvileges aet forth herem as fully as though the same were set forth in each such mstrument The mterests conveyed by such separate assignments are the same, and not m addit�on to the Assets conveyed herem Eshib�te. Exhibits referred to herein ace hereby mcorporated in and made a part of tivs Ass�gnment and Bill of Saie for all purposes by such refierence IN WITNESS WHEREOF, th�s mstrvment is executed the 3��day of ��GC�1�� , 2024, but shall be effechve as of the 1'' day of April 2024, (the "Effect�ve Date'7 (S:gnatrae pages 10 follow) 5003509 01/02/2025 02 37 PM Page 5 of 8 �ss��voat• IdED-I3EN �It(YY Y P�.R'I'ATERS, LP A Delawa� lunued partnersh�p By: IdE1D-HEIeT �EtGY I GP9 �,LC A Dalawere lunrted liab�lrty company, its general partner B � � Y Natne Brock Hens ng T�tle Managu►g Dvector CORPORAT'� ACdGNOWLEdDGIb�rIT STATE OF TEXAS COUNTY OF DALLAS BEFORE ME, the undersi�ed authouty, on ttus day personally appeared �rocls �ensariang, es Menagwg Director of Red-Hen Snergy I GP, LLC, a Delaware lnnrted l�ability company, geaeral partner on behalf of �IID-�EP1 �EI�1F.�tGY I�AIIt�&�, Y�, a Delaware lumted partnerslup, known W me W be the person and officer whose name is svbscnbed to the forego►ng instrumen� and acknowledged to ma that he execated the same for the purposes and considerahon therem expressed and m the cepac�ty therein stated as the act and deed of sa�d corporahon, �G UNDER MY HAND AND OFFICIAL SEAL OF OFFICE on th�s �• day of . 2024 � MY COMMISSION EXPIRES L� Notary Pub c .�� HEIDI J DELIRA a PlOt�ty ID iP12al82�696 . My C�enmission Ettp6r�s °' February 1�, 2A2� 5003509 01/02/2025 02 37 PM Page 6 of 8 ASSIGRTEE: TE,TON EXPLORATJ[ON COMPANY sy Name J Blanks Trtle. Bxecutive Vice President 8c Chief Oper�ng Officer ACIQ�TO�'I.�DG11�1VT STATE OF TEXAS § ' -- § SS COUNTY OF � § Th�s mstrumeat was aclutowledged before me on December �, 2024 by Jeffcey N Blanks, as Executive V�ce President 8c Chief Operattng Officer of Te�on Explorat�on Compeny GIVEN UNDER MY HAND AND 3EAL OF OFFICE th�s � day of 2024 MY COMM[SSIION EXPIRES Noffiry Pubhc ...o. �B�NDACA3SEL8ERR� �o�ty Pablig Sta�e oFTea�s K�iAR1'ID=28S39�f + �Y��tOn6�Q�-0628 5003509 01 /02/2025 02 37 PM Page 7 of 8 E7��IT a�» �SE3'S A untt has been establsshed by the Energy and Carbon Menagement Commission ("ECMC� for tha followmg I�ds• 2awnsh�p 8 Tforth. Range 61 West. 6'� P M. Sectwn 25 All 3echon 26 All Sechoa 27• All Wald County, Colarado Compnsu�g 1,92Q00 acres, more or less 5003509 01 /02/2025 02 37 PM Page 8 of 8 ��I�I'E' .��» A�SE�S Well Name Hill 2527-01 H I-ii112527-�2I� I�ill 2527-03H Hi112527-�4H Hil12527-�SH Hi112527�06H Hi11252'1-07H Hi112527-0�H I-�iU 2527-09H Hill 2527-1 0H After recording return to Shepherd Royalty, LLC Attn Holt Redwine 5949 Sherry Ln , STE 1175 Dallas, TX 75225 ` �� _ �, i __ __ _ : � � � = __ __ _ _ __ . _ _ _ __ ` _ � S S?= C�__ _.�� 1116 1 Red-Hen Energy I Partners, LP 5949 Sherry Lane, Suite 1175 Dallas. TX 75225 Two hundred dollars and no cents WaFd Bank 425 Pike Street Seattie. wA 98101 Pay to the WELD COUNTY BOARD OF COMMISSIONERS Order of PO BOX 758 GREELEY, CO 80632 DATE AMOUNT 03/12/2025 $*'200.00" u'000000 L L L6n■ �: : From: Red-Hen Energy I Partners, LP To: Weld County Board of Commissioners PO Box 758 Greeley, CA 80632 Invo�e # Irnroice Amt OIL 8 GAS LEASE CONSENT (Ref�. 4 ZOO.OO [� ��:� �� a8�� - Vendor Code Check Date Check Amount Check Number WELDCOBC 03/12/2025 $200.00 C-1116 � S� � ��1Y�I�.�X�� L �O a-lb- � Cxa) L �.O3-I b - 2�. � x �� Jessica Reid From: CTB-Oil and Gas Leasing Subject: Oil & Gas Lease Consent to Assign question From: Holt Redwine <hredwine@shepherdroyalty.com> Sent: Tuesday, March 11, 2025 10:40 AM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Subject: RE: Oil & Gas Lease Consent to Assign question This Message Is From an External Sender This email was sent by someone outside Weld County Government. Do not c�ick links or open attachments unless you recognize the sender and know the content is safe. Jess, See the attached draft letter for the consent to assign request. Based on the examples you provided, I am including the list of Leases pertaining to the request, as well as a summary of the past assignments that were recorded prior to our discovery of this consent process. (I plan on providing copies of the leases and recorded assignments in the letter as well.) Also, the second page of the letter is the consent signature page based on the examples. I didn't know if I was supposed to provide this signature page or if you create it, but it might be helpful. let me know if the format is correct for your end. I had a question about the $25 fee in order to calculate the correct amount for the check to be made out to Weld County Board of Commissioners. There are two subject leases, so $25 per lease. We have 3 Assignments of record, plus one pending assignment. Should the check amount be the following: 4 assignments X 2 leases ($25 each) _$200 total Lastly, does this need to be physically mailed or can I send you a pdf of the letter and source leases/assignments? Happy to do whichever you prefer. Let me know if you think this letter properly provides the Board of Commissioners with all the information, and if you have any other comments or suggestions. Thank you very much for the help! Holt Redwine � Shepherd Royalty, LLC 5949 Sherry Ln. STE 1175 Dallas, TX 75225 Office — (214)-234-0360 Direct — (214)-272-7988 Cell — (214)-641-4548 hredwine@shepherdroyalty.com From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Sent: Friday, March 7, 2025 2:43 PM To: Holt Redwine <hredwine@shepherdroyalty.com>; CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Subject: RE: Oil & Gas Lease Consent to Assign question Hi Holt, Here are the examples I promised you. Have a great weekend! � � �1._ti l�w.-:^ ! COUNTY.CO Jess Reid Deputy Clerk to the Board Desk: 970-400-4212 P.O Box 758, 1150 O St ; G_reeley, CO ��3% Join Our Team — � IMPORTANT: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Holt Redwine <hredwine@shepherdroyalty.com> Sent: Thursday, March 6, 2025 3:24 PM To: CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Cc: Jessica Reid <ireid@weld.�ov> Subject: RE: Oil & Gas Lease Consent to Assign question This Message Is From an Untrusted Sender You have not previously corresponded with this sender. Use extra caution and avoid replying with sensitive information, clicking links, or downloading attachments until their identify is verified. Jess, I should have read your email more carefully and realized that you said to call Friday, so I apologize for the redundant VM I left you this afternoon. You are correct regarding the lease at Rec No. 3734218, as that is section 28 and our interest is sections 25, 26, and 27. I think I sent the incorrect lease with this one, but have attached the correct leases here. Lease at Rec No. 3734219 (included in the previous email), and lease at Rec No. 3718545. We have assumed the leases in the assignment from Haimo into Red-Hen Energy I Partners, LP, which I have attached as well. Need to discuss the process going forward and explain our plan as to subsequent assignments into other entities. I will call you tomorrow within your suggested office hours. Thanks again! Holt Redwine � Shepherd Royalty, LLC 5949 Sherry Ln. STE 1175 Dallas, TX 75225 Office — (214)-234-0360 Direct — (214)-272-7988 Cell — (214)-641-4548 hredwine@shepherdroyaltv.com � From: CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Sent: Wednesday, March 5, 2025 4:54 PM To: Holt Redwine <hredwine@shepherdrovalty.com> Cc: CTB-Oil and Gas Leasing <CTB-OilandGasLeasin�@weld.�ov> Subject: RE: Oil & Gas Lease Consent to Assign question You don't often get email from ctb-oiland�asleasing@weld.sov. Learn whv this is imqortant Hi Holt, Sorry I wasn't able to answer your call. As far as assignments, the request for consent to assignment and the associated fee are usually sent to us by the company wanting to assign a lease. If you already assumed the leases, please just send us the documentation showing such and we'll forgo the $25 fee(s). In looking at the lease at Rec No. 3734219, I show the lease is being held by production of the Gaffney and Speaker wells, which we are being paid by Verdad Resources. The payments switched from Carrizo to Verdad on 7/27/18. So how does Verdad play into the mix? Are they just an operator? In looking at the lease at Rec No. 3734218, I don't show any Division Orders on file, which means we don't show it as being held by production, so essentially, we view it as an inactive lease, etigible to be leased if a company were to request such. Is that not the case? If you'd like to discuss over the phone I am here until 4:30pm today and from 7:30am-4:30pm on Friday. �, v -,�gi.�.�.. _:.�__.-� COUNTY, CO Jess Reid Deputy Clerk to the Board Desk: 970-400-4212 P.O Box 758. 1150 O St.. Greeley. CO 80632 Join Our Team IMPORTANT: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Holt Redwine <hredwine@shepherdroyaltv.com> Sent: Wednesday, March 5, 2025 3:29 PM To: Jessica Reid <jreid@weld.�ov> Subject: Oil & Gas Lease Consent to Assign question This Message Is From an Untrusted Sender 3 You have not previously corresponded with this sender. Use extra caution and avoid replying with sensitive information, clicking links, or downloading attachments until their identify is verified. Jess, I got your voicemail earlier today, but wanted to follow up with an email. I know you are busy, so I very much appreciate your time and help. Our company recently acquired some oil and gas leasehold in Weld county. We discovered that two of the leases are from Weld County as the Lessor. In reading the leases we came across a provision that requires a consent to assign, along with a $25 fee. This is the first lease acquisition we have made in Colorado, and I am a little out of my depths as to the procedure for this consent to assign. I want to make sure that we do this properly and don't overlook this requirement. You can reach me at my cell below if it would be best to first explain on the phone. I have also attached a copy of the two source leases that part of our working interest is subject to. Paragraph 10 is the consent to assign requirement. Again, thank you for your time! Holt Redwine � Shepherd Royalty, LLC 5949 Sherry Ln., Suite 1175, Dallas, TX 75225 Office — (214)-234-0360 Cell — (214)-641-4548 hredwine@shepherdroyalty.com 4 Hello