The URL can be used to link to this page

Browse Search

Home My WebLink About20193620.tiffWELD COUNTY SMALL -TRACT OIL AND GAS LEASE THIS LEASE AGREEMENT, dated this 19th day of July , 20 19 , 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, do BOARD OF COUNTY COMMISSIONERS, 1150 O STREET, P.O. BOX 758, GREELEY, CO 80632, hereinafter called Lessor, and: Bison Oil & Gas II, LLC 518 17th Street, Suite 1800 Denver, CO 80202 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 of $ 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; 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: SEE ATTACHED 'EXHIBIT A" FOR LEGAL DESCRIPTION AND ACREAGE ca o — co- m • -= co B et-EC or°IL O "ram ci on duo- G01 US (4;-,' r,in CO j -g irGOMM TO HAVE AND TO HOLD said land, and all the rights and privileges granted hereunder to Lessee until the hour of twelve o'clock noon on the 19th day of July , 20 22 , as primary term, and so long thereafter as oil and gas, or either of them, is produced in paying 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. Cr\se,n+ Quid a. ow(o7/►9 2019-3620 LEo3a1-3 (Revised 06/2014) Small -Tract Oil and Gas Lease Page 2 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. B. Royalty Payment on Products: On products, Lessee shall pay Lessor a royalty payment of eighteen and one-half percent (18.5%) 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 eighteen and one-half percent (18.5%) of the proceeds of sale or of the market value thereof, whichever is higher. =ti c,„ _ 0 3 alm O ▪ -3 m O • 40 LLo4 N nAE v amor- al do O• o Ng at d rams In • 03 . ▪ Go 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, eighteen and one-half percent (18.5%) 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 (Revised 06/2014) Small -Tract Oil and Gas Lease Page 3 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. off} 7 - 0 � 0LL0� ea •_-• !Du� NO ai �N 0 • et, a erBei 0 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 eighteen and one-half percent (18.5%) 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 eighteen and one-half percent (18.5%) 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. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 4 I. 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 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 (Revised 06/2014) Small -Tract Oil and Gas Lease Page 5 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. 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. 2 U - � off. U � -p LM o M •3� o o el_ o Ifl LLU IX w •a wnr_ dho aU� cn Nan a1 ONY�� .- rm = 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 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. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 6 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 (assignor) shall not be relieved of its obligations under the terms and conditions herein. An assignment shall not extend the term of this lease. 2 J. t - o U � w r.� 4._ -a- 0 GI L=ZII LLo 40 U as 01 a-noo- i 0cn :; - ENO .1mo- 1111 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. 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. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 7 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 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, (Revised 06/2014) Small -Tract Oil and Gas Lease Page 8 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. 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. 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. O U y _� O 0 U B.cri• 03= MY ‘4-0 " O44. Y° -• LLo CO U -- o: •a Zeno� BUS 0q�N Q NO 1 Wm erm0m. 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. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 9 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 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 of the original bonus. 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. a O r!m • to, — o•°� LLo—QM leant BU- N 'y 0 O.M G▪ I .y Inea 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. 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 inconvenience or loss caused by errors which may occur. Lessee shall notify Lessor immediately upon discovery of any errors or discrepancy whatsoever. 28. ARCHAEOLOGY: Lessee shall not destroy, disturb, mar, collect, remove or alter any 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, pictographs, structures, and bones. A discovery of anything of prehistoric or historic nature shall be reported to Lessor or the State of Colorado Archaeologist immediately. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 10 29. DEFINITIONS: For purposes of this Lease, the following definitions apply: A. "Products" refers to any and all substances produced on the leased property, including all oil and gas, found on or under the leased property. 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. o • U 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. 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. (Revised 06/2014) Small -Tract Oil and Gas Lease Page 11 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. 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. o U R J 0 U BU EC w 01� O me NiNo • isr..xg nom;=ereomm LESSOR: ATTEST. d.drifet) V• ;tik BOARD OF COUNTY COMMISSIONERS Weld Cler• o the Board WELDOUNTY, COLORA Deputy Clerto the =oard air, Board of Count Commissio t cZOl9—cLaa-d (Revised 06/2014) Small -Tract Oil and Gas Lease Page 12 LESSEE: Bison Oil & Gas II, Company Na Sigma / John Austin Akers, CEO STATE OF C1ora.o ) ss COUNTY OF VewVer ) Printed Name and Title The foregoing instrument was acknowledged before me this 2i Y da of 2019_, by d01414 91Tvi AU/4, D Witness my hand and official seal. Notary Public My Commission Expires: 5 •3 STATE OF ss COUNTY OF DANA SHEEHAN NOTARY PUBLIC STATE OF COLORADO NOTARY ID # 20164008910 MY COMMISSION EXPIRES 03-03.2020 LESSEE: (second signature if applicable) Company Name Signature Printed Name and Title The foregoing instrument was acknowledged before me this day of 20 , by Witness my hand and official seal. Notary Public My Commission Expires: (Revised 06/2014) Small -Tract Oil and Gas Lease Page 13 EXHIBIT A 1.210 ACRES LEGAL DESCRIPTION: Township 8 North, Range 60 West, 6th P.M. Section 22: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the East boundary Line of Section 22 to the North and South center line of said Section, containing approximately 1.21 acres, also described as Parcel 5 at Reception Number 721497, Weld County, Colorado. 4514012 Pages: 13 of 13 08/13/2019 10:55 AM R Fee:$0.00 Carly Koppel, Clerk and Recorder, Weld County, CO 1111 INrj V IV:1111'1114 4II'MIIVIO IN laMillilii 11 111 (Revised 06/2014) BioK 983 pia 30 Recorded SEP 17 1935 at_ 3O0'clock_[:_M.__ Reception! b:" 1 "''' WALTER F, h10RRIS0N, Recorder STAT' OF COLO7ADO, County of ':old. ) j Ss IN THE DISTRICT COURT No. 9OO6 .3OA3D O^ COMITY COi:%.;ISSIOiv s'7 O? :LLD CWITTY, COLO":.ADO, Petitioner, -Vs- `/ARVADA LOI:nr NO. 245, I.O.O.F. of Arvada SARAH ,r ,., T S Colorado, ,�,:,..�: U. RICE, THE F_J':":,•�:�),� LOAN COMPANY OF DERV , a Colorado' Cor- ) noration, CHRIS (:.. 'LAID, CHARLES -W. MC- ) CLTt 1EO J, FEDERAL LAND SANK OF WICHITA, ) of Wichita, Kansas, HERBERT 3. DANIEL, ) TRUST7E, as Trustee for Peters Trust ) Company, a Nebraska Corporation, ) SA TELL A PEN:.'.A _T FRANK B "'OL' +.CLYDE W. 3:1e'?T_II'T' . ;.r"', LA.NI M7R COMITY ,, .:TIl C: 'TRUST CO'?'ANY, a Colorado Corporation, ) JOSEPHINE PRC FI` D, SARAH E. WALLACE, ) OREH A: 'L"' ER, TN7 FIRST NATIONAL BANK ) OP LINCOLN, ; '" ?R 4SKA, PJflD TE i"R, also ) known as FREDERICK K[I'`:tiER, KATE IiM EI R, ) W. 7. HOUSTON, i. J -:W:: CO:;_ `IS IO 1R i, ) EARL K. . S : ST:�+^- ) DOL�'O:�1, . Sri( .....> ::.si:t i; UL O'"ftDO FA^it LOPNJ COMP.ANY, , A Colorado Corpora- ) tion, HIRAM:^i D. 1f :.W ER, ALFRED A. ::ITCHEL- ) :07E, OLD.iAN MORT At'E COMPANY, a Cole- ) a 'ado Corporation, '"'•?DA I3. JoNrs, 1iCl:A TS T1t' 'ST7f if1' CC IPANY, a Oorpora- r,.^.I1'PL , JOHN PDA'r. , OT I=` E ) MARGARET CAIN, MARTHA A. THOR.)I', Ji)#IT°1 SCRIMP, MINA D. GRAY, CHARLES ILIC_t_.RD JOHNSON, A H!A BELL JOHNSON, ARTHUR M. ACOOLA, 0:.P'"; J. ;O's, HARRY O. ;.;.,r^O"i", Q. W. P1;PPt:R, ''I3O4AS PETT GR W, G. W. DOW, BERTHA O. ANDREWS, O. A. GfAF M'r1"TOI, E. WOOD, UNION CENTRAL LIFE. INSURANCE COMPANY, an Ohio Corpora ion, CHARLES PARSONS, ONS, HENRY T . FA_RM:C S, rTTT.,T.,T.^.r!r C. : C `1.: , KL' H 1.TK NS, HAROLD W. rpm), ":t(''LIfIA W. EISNOR, F. J. ),'1AT1SS, as Conservator of Eli estate of 17,JRY 17. SPA2IGLER, W. E. 'SPA'NGL`, Claimant, AARON J. CAPP, GEORGE G. SFE :T, COR 3' LIUS W. CO'id'NT'R, WILLARD S. BUTTERS, HATTIE J. OSGOOD, WILLIAM G. iIO'"E, THE BIIIGGSDALE ST:II'E BANK, Respondents. FINAL RULING OF COURT This matter coming regularly boforc the Court this 16th day of September, 1935, upon the (Cez'tifieste of the Commissioners le 94 BOOK 98&r. uJ1. heretofore appointed by the Court; and the Court having road and consider:d the Certificate of the Commissioners, FINDS that said Commissioners have ascertained and determined that it is necessary that the present Highway right-of- way be widened by taking of lands to include those herein d.es- oribed. T r. COURT 'UR'ilT R FINDS that petitioner has deposited in the registry of this Court the total sum of Five Hundred Tighty- f ive and 7.2/100 Dollars (585.12) to be disbursed to the record owner sad to other rispo,dents, if any, having an interest in each parcel as their interest shall appear. T.'•.r r oR':, IT TS AD 1TJ)0RD to be due and there is hereby awarded to Arvada Lodge No. 145, 7.0..P., of Arvada, Colorado, owner, the sum of Six and 05/100 Dollars (k115.05) compensation for Parcel 1, ;king: A strip of land 20 feet vide adjacent and earth of the present highway right-of-way, extending Westward approximately 2640 feat from the 'ast Boundary line of Section 24, to the North and South center line of said ^ection, in r2 enis lip S North, Range 60 .nst of the 6tl: P. .., contain- ing epproximatoly 1.21 acres. • '?"tTde`;, IT Is ;\T])1) to be due and h -re. is hereby awarded to Sarah D. Rice, owner, end The Farmers Loan Company, of Denver, mortga ee, the sure of Six and 05/100 Dollars - - - ;6.05) eonpenaation for �arcel 2, being: P. strip of land 20 feet wide adjacent and North of the present 's'_igheay right-of-way, extending Westward approximately 2640 feet from the North end South cantor line of Section 24, to the '.'eat boundary line of acid Section, in Township 6 North, Tan ,e 60 West of the 6th P. :- ., containing approximately 321 acres. Til-R-7olir'.., IT IS ADJULue;D to be due and there is hereby Dollars awarded to Chris G. Leib, owner, the suer. of Six and 05/10071-M05) compensation for Parcel 3, being: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the '=,ast boundary line of Section 23, to the =torth and South center line of said Section, in Township 8 North, Range 60 Vest of the 6th P. 11., and con- taining approximately 1.21 sores. P 4 2. lin 983 PAGE 32 g r ORn, IT IS J4DJUDGTD to be due and there is horeby awarded to Charles W4 : cCut cheon, miner, and the Federal Land Bnnlc of Wichita, of .Wichita, Kansas, mortgagee, the sum of 1 Six �a • i V:6 45) and cot: pansn Lion for Parcel 4, being: A strip of land 20 foot wide adjacent and North of the present highway ri zte,oftwway, ex;;endf.ng •'°os t.Jard approximatoly 2540 feet from the North and South center line of Section 23, to the eest boundary line of said section, in Tom -Ishii) B ) orth, ' Ra i e . 0 West of the 6th Po M, , contains 1 r_ approximately 1.21 acres* TJ Y' 7 OFF IT IS ADJUDcr.TD.to th due and 'there Is he iioh;j awarded to Norbert S® Danio1, Truatee,, as trustee for Peters Trust Company of Omaha, Nebraska, ()Inner, tha sum of Six and 05/100 • Dollarsm me asa a ® .. a — w a a Fa era a a la cool compensation for Parcel 59 being: A strip of land 20 feet ;ode adjacent and North of tho present highway ri ;ht -of --way, extending :esti rd aDDroximatoly 2640 feat from the East boundary lino of 1 ection •22 to the north and South center line of said section; in Township S North, Range 60.West Ctrs t of th:, 6th o's sip, containing approximately 301 cores" l • w .S -7F01771 TT TS td'.JITD `r11 to be. due and t ur e is la by awarded to 3atolla Penman, owner, the sum of Six and 05/100 Dollars= a �' e e s U41i)e�o5) compensation for Parcel 6, being: A strip or land 20 fait s Lde adjacent and North of trio pm sont hig:h.t- ay !gig?itaofc-way, extending Westward approxima ely 2640 foot from the North and South center line of r3ection 22 to the ost boundary lino of sn a Section, Township 8 North, Range GO nest �' � the 6th 0 U., containing . «r .jv � �.. containing r. anpro ima t ely 1.21 acres. TI¢ �'0','11•'1`"'!OP7d� TT T2 JfiDJ •'D'• M to l o dr.�.o and thore is Ii 1a o!�J `J •�� p • • 1 ��`` p uNl► awarded to Frank B. Wolfei owner, the sum of Six and 05/100 Dollsrs` /� �y) ae¢� ao. sde are .06 ass 6m sa xo a aA aw c� w �e ai? 4 L/ 1 u V componstition for Parcel 7, boing: BOOK 983 ? CE ,33 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 test boundary line of Section 21 to the North and South center line of said Section, Township 8 North, Range GO West.of the 6th P. M., con- taining approximately 1.21 acres. 'PT;R „ FOR7, IT IS ADJUDGED to be due and there is hereby award- ed to Clyde W. NeWhinney and Lorimer County Bank & Trust Company, owners, and Josephine Backfield, -mortgagee, the sum of Six and 05/100 Dollars 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 +:ost boundary line of said. Section Township 8 North, Ranvre 60 ''est of the 6th P. 1:;., con- te ring neoroximately 1.21 acres. 06.05) '";'- ': '0'r'` IT IS ADJU'DG."D to be duo and there :is hereby award- ed to Sarah E. `:iallace, owner, and The Federal Land Banks of '7ichita, of lehita, Kansas, mortgagee, the sum of Six and 05/100llollars (516.,os) compensation for Parcel 9, being: A strip of land 20 foot wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 foot from the East boundary line of Section 20, to the North and South center line of said Section, Township S NForth, Range GO 'eat of the Gti? P. i:h, con- taining approximately 1.21 acres. Ti7T F0'?" TT TS ADJWYED to he duo and there is hereby awarded to Oren A. Seltzer, owner, and First National Bank of Lincoln, Nebraska, mort a: ≥e, the suns of Six and 05/100 Dollars eonpeneation for Parcel 10, being: A strip of lend 20 foot wide adjacent and north of the present highway right -of -may, extending Westward approx- imately 2640 f., 7t from the North and South center line of Section 20, to the Test boundary +.ine of said Section, Township 8 North, Range GO last of the 6th P. 1:t., contain- ing approximately 1.21 acres. .. .THEREFOR!': FOR+? IT IS ADJUDGED to be duo and there is hereby'awarded to Fred Kummer, also known as Frederick Kummer, end Kate Kumar, owners, the sure of Twelve and 10/1•0 Dollars (12.10) compensation for Parcel ll, being: - (N3.05) 3 Boni 983 rile 3 A strip of land 20 feet nide adjacent and North of the present highway right -of ,way, extending Westward approx- imately 5230 feet from the East boundary line of Section '19 to the :lest boundary line of said Section, Township 8 North, Range GO . est of the 6th P. ;i., containing approximately 2.42 acres. T;1?R,P0R7, IT IS ADJUDGED to be due and there is horob:: awarded to W. :iouston, owner, and The ?dernl Land Bank of Wichita, of Wichita, Kansas, and Land Bank Commissioner of Wichita, Kansas, mortgagees, the sum of Six and 05/100 Dollars - - (;;,6.05) compensation for Parcel 12, being= A strip of lend 20 feet vide adjacent and South of the present highway right-of-way, extending ..ostv:+a d approx- imately 2640 foot from the Fast boundary line of Section 25 to the North and South center line of said Section, Township S North, Ran;,e 60 'cast of the 6th P. °:'., contain- ing 1.21 acres. T E - 7 IS ADJUDG7D to be due and there is hereby awarded to earl K. D ton, owner, and The Iiastern Colorado Pare Loan Company, mortgagee, the sum of Six and 05/100 Dollars • C,6.05) compensation for Parcel 13, being: A strip of laea 20 f:set wide adjacent and. South of the present highway right-of-way, extending ':es tward approx- imately 2640 feat from the Ncrth End South center lithe of Section 25, to the asst boundary line of said Section, Township 0 North, Rt n:;e GO -est of the 6th P. h., conta'i n- ine .1.21 ecres. , I'' a.3 ADJUDGED to be due and there is hereby awarded to Hiram D. Vawter, owner, the suit of Gix and 05/100 Dollars --`;,6.05) compensation for Parcel 14, beini,: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, :lxtonding ' estward approx- imately 2640 foot from the East boundary line of Section 26, to the North and South center line of said Section, Township 0 North, Range GO . est of the 6th P. M., contain- ing approximately 1.21 acres. T;*-R^r07?, IT IS .3DJUIYGRD 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 I'or Parcel 15, being:: itio . 983 Fin A 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 ;test boundary line of said Section, Township 8 North, Range 60 Vest of the 6th P. M., contain- ing approximately 1.21 acres. 'I'}i' 7F0R', IT IS A.1;JTJLG 3, to be due and th ire in hereby award- ed to Setelle Pen?nan, owner, the saga of Twelve and 10/100 Dollars (012.10) compensation for Parcel 16, beings A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending Westward approx- imately 5280 feet from the rest boundary line of Section 27, to the "est boundary line of said Section, Township .8, North, Rats .e 60 `'est of the 6th P. >;i., containing 2.42 acres. 'i' !'.R YOl?.!', IT IS i!DJUDG'T'D to be due end there is hereby =Lard- ed to 'iledie 3. Jones, owner, and ': erchants Investment Company, nort- cotae, the sum of Twelve and 10/100 Dollars (4,.12.10) compensation for Parcel 17, being:. A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending Westward e1.prox- imately 5280 font from the Bast boundary line of Section 28, to the :iest boundary line of seid Section, wnship 8 North, Range 60 :oat of the 5th P. M., containing 2.42 acres. '.P?iT.<'T r.OR-, IT IS ADTU)0 D to be due and there is ?!eroby award- ed to Hoyt P. Nipple, owner, the sum of Six and 05/100 Dollars (06.05) compensation for Parcel 18, b.,�ng: A strip of.land land 20 feet vide adjacent end South of the present highway right-of-way, extending 7lestward approx- imetqla 2:510 feet from the 'fist boundary line of Section 29, to ,-he north and South center lino of said Section, Township 8 _ orth, Ran. a 60 :rest of the nth P. 1., contain- ing 1.21 acres, T=I?R5FO?7, IT IS . TJ1JDi i to be due end there is hereby awnrd- ed to John /Alms, owner, the sum of SAX end 05/100 Dollars ( 6.05) coanponsation for Parcel 19, being: A strip of lend 20 feet wide adjacent end South of the present highway right-of-way, extending Westward approx- imately 2640 feet from the North end South center line of Section 29, to the West boundary line of said Section, 5. 8li0K 983 PRICE 36 Township 8' North, Range 60 lest of the Gth P. %4., contain- ing 1.21 acres. TNEREPONE 1'1' IS ADJUDGED to be due and there is hereby award- ed to John Mains, owner, the stmt .of Six and 05/100 Dollars U;6.05) oompopsation f or rarcel 20, bein : A strip of land 20 feet vide adjacent itnd South of the present highway right-of-way, extending Westward approx- imately 2640 feet from the East boundary line of Section 30, to the North and South canter line of said Section, Township 8 ; orth, Range GO "'est of the 6th P. M.,, contain- ing 1.21 acres. THX.RTTORE IT IS LDJUDG ? to tie :due and there is hereby award- ed to Olive Aargaret Gain, owner, the sum of Six and 05/100 Dollars ( (6.05) compensation for Parcel 21, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way extending eastward approx- imately 2640 feet from the North and South center line of Section 30, to the ',test boundary line of said Section, Township z3 North, Range GO wont of the Gth P: ' .,,con- taining 1.21 acres. T'fi"n'<FoRr IT IS ADJUDOM to be due and there is hereby award- ed to BIertha A. Thorpe, owner, the sum of Eight and 47/100 Dollars (i:8.47) compensation for Parcel 22, being: A 'strip of land 20 feet wide adjacent and North of the present highway right -ox -way, extending :Westward approx- imately 2640 feet from the '?^st boundary line of Section 24, to the North and South. center line of snid Section Township 8 North, Range 61 east of the 6th P. M., -con.. taining 1.21 acres. TII''FFORT IT IS ADJUDGED to be due and there is hereby award- ed to John Schomp, owner, the stns of. Eight and 47/100 Dollars (8.47) compensation for Parcel 23, being: A strip of land 20 feet vide ad 3ace _tt and North of the present highway right -of -may, extending Westward approx- imately 2640 feet from the North and South center lino of Section 24, to the ;lest boundary line of said Section, Township 3, North, Range 61 ?'lest of the 6th P. :., con- taining 1.21 acres. 6. •eaor,983,iVTel rl 1R".FORK, IT IS ADJUDCIRD to be due and there is hereby award- ed to Mina D. Oray, 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 last boundary line of Section 25, to tho :est boundary.line line of said Section, 'township 8 North, Range 61 West of the 6th P. I.1., containing approximately 2.42 acres. T t7RITORr, IT IS ADJIJDG;D to be due and there is hereby award- ed to Arthur g. Aceola, owner, and the Pederul Land Bank of Wichita, of '!ichlta, Kansas, mortgagee, the sum of Sixteen and 94/100 Dollars ( ..x16.94) compensation for Parcel 25, being: A strip of land 20 feet vide adjacent and North of the present highway right-of-way, extending westward anprox- imaL•ely 5280 feet from the 7rest boundary line of section 22, tc th3 est boundary line of 804 Section, Township 8 ::crth, Rrnzie el '•ost of try: 6th P. _., containing ^j vox- ima.Lcly 2.42 acres. Tnrinp0RT., IT IS ADJU1x;RD to be due and thorn is hereby award- ed to Ole J. Moe, owner, and the Federal Lend Bank of i:ichita, of Wichita, Kansas, mortgagee, the sum of Sixteen and ?4/100 Dollars - (til6.94) oompensntion for Parcel 26, being: A strip of lend 20 feet vide adjacent end North of the present tnighwsy, •right-of-way, extending 7iestward approximately 5280• feet from the Emit boundary line of Section 21, to the rest boundary line of said Section, Townbhip 8, north, Rama 61 "lest of the 6th P. :To, containing approximately 2.42 acres. T Ir?..'0R", IT IS U)3UDO7D to be duo and there is hereby award- ed to I erne 0. Parsons, owner, the sum of Right and 47/100 'Dollars ($8.47). compensation for Parcel 27, being: • A strip of land 20 feet vide ad ja cent and ' Worth of the present highway flight -of -tray, extending Westward, approximately 2640 feet from the East boundary line of Section 20, to the North and South center line of said SectionTownship 8 North, Range 61 West of the 6th P.M., containing approximately 1.21 acres. 7. BOOK ,,6 3MME3f rniTo1T , IT IS LDPJp= to bay due and t? iro in hnra y actard- ed to A. :'. Pepper, owner, tho star of night and 47/100 l:oixzr : (('3.27) coMnansation foi' 'ta'c:r1 20, beings. A strip of land 20 font wide sajsoant and North of the pros3cnt hi hnny. rn Liht-of-1U7, n: tending westward :approx- imatn2y 2640 foot from the North r rd South cantor lino of nootion. 20, to the -.est boundary .lino of sold Soot°fits, Townahip 0 Morth, Range 61 '. ost of the 6th t'.:;., con- tnin1ng ;approximately 1.21 acros. fr-r;ly":"Op,,.,t _..r 17; AiJUTIr.`^i' 1 TO El Dur oaid t:lorb le hc:"eb aword- od to Thomas Potti ,,row, ovaor, zansl.C. ':. ?JOW, mortgeree, tho sum of :: 1 :tan. and :34/100 Donors (0.6.0, 1) c;.::aolasntioai, fold the Curt or 3;ni of Th .x'ty-LIvo :Votlnrs &:732.00) is drinn , :, :' r ! ro :1 29, : a iip:: .. strip of land 20 toot vide czci jncent and Rorth of the pr sent tic:C= • I'iyht-of Ray, extending l'estan_''d oppro t - :natal.? 6200 foot from to :..141st toundary lino of :L ctiozz 19, to the 'ctgt boundary lino o:1 a icl Soctton, 'z'o;yrznhip S .iox'th, Afxarp 61 .oat of the 1th . -1., contointn approx- imately 2.42 Born. r'_ `i`;i.[-^n•. Y .' , •.•tT3i3.''T, to :e duo :m.d �",:y•'3't' In f{ln .`d- od to :xt):C'ti'._? 0. Mn tho';o, o :i-ix', and 0. U. t::?.af, f' 4'3i+N='y'ageo, `bo num of right n;:.l :.'•7/100 Dollevi (08.d7) compensation for :'Arco' 20, being! A s ;i t p of land 0 foot nido ad j aco xt and South of the 'onant itir1i`.'it rich -of -1w, extending 1:%?i:YZ.%wArd appi'cJr- imat,::t;; 2040 feet from the :last boundary lino of :.root on 25, to the ;,ox'th pnci ..outh cont.n line of nail ;'ectlon, Township 0 north, lanc;o 61 ';dent of t o 6th 3'. Y., cosi- teining nppro. imstely 1.21 acres. IT In .',::,T i3.' 1 to '.c3 duo And thrive is horohy nrszs.°d.- cl to :. e a ozi :70:141, o ray,^x', s.nO; rnton Control Life Ineuranco C'oripzuny, no:' (a,'.oe, tho cm:i o.1' y five :and 41/100 Dollops (026.41) compensation for Parcel 31, being; A strip of land 20 foot hide a[i jacont and C3outh of the . present highway right -of -wiry, extending '!'ontvaard approx. inxttr ly 7920 foot from iixo North a d South ooator .line o f i;eptioU 45 to he L:eeZ pieTtiorr 1i f Section'26i ormsri p i.orth., nano .on a tho otn P. .4., comp . taining approximately 3..64 sari's. 8. Bong ACC PACE '.: Tn'J :FOR?', I1 IS ADJUDGED to be due and there is hereby award- .ed to Charles B. Parsons and denry R. Parsons, owners, the sum of Eight and 47/100 Dollars (08.47) ti� compensation for Parcel 32, being: A strip of land 20 feet wido• adjeoent and South of the .present highway right -of -nay, extending westward approx- imately 2640 feet from the "1st boundary line of Section 27, to the Borth and South center line of said Section, Township 8 North, Ranee 61 West of the 6th P. ., contain- ing approximately 1.21 acres. TaREP0i;7, 22 IS ADJUDGED to be due and there is hereby award- ed to '.Fillieza C, `=chmoeckle, owner, the sum of right and x'7/100 Dollars (, i3.47) • compensation for Parcel 33, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending 'estwarc? approx- imately 2640 feet from the !forth and South center line of Section 27, to the 'est boundary line of said Section, Township eight North, Ranee 61 *: st of the 6th P. containing approximately 1.21 acres, TH713 ` O t ', IT IS ADJUDaBD to be due and there is her^by ew rd- ed to Joseph. e tkins, owner, the sum of Eight and 47/].00 Dollars ($8.47) cor p?iiseticn for '.'' n'Cel 54, being: A strip of land 20 feet wide acijecont and South of the present highway right-of-way, ax ;ending ':ostward approx- imately 2640 feet from the J..est boundary line of Section 28 to the North end South center line of svid Section, Townai.ip 8 North, Rene 61 Vest of the 6th ; ,, contain- ing approxinetely 1.21 acres. T} REF0 , IT IS ATNI.IDGIM to bo due and there is hereby award- ed to Harry 0. Parsons, owner, the sum of Twenty-five and 41/100 rollers (:25.4 }, comnensation, end the further sen of One Hundred Dollars (4100.00) as damage, for Parcel 35, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending ':test,ward aPprox- irately 7920 feet from the North and South center line of Section 28, to the est boundary line of Section 29, Township B North, Range 61 :'hest of the 6th P. M., con- taining approximately 3.64 ear :s. 9. BOOK 983 PACE 49 'Pii !'fl1u ORI., 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) 16.24) compensation for Parcel 36, beings A strip of land 20 feat wide adjacent and South of the present highway right -of -way -r, extending :7estwapd a prox- imately' 5280 feet frOm the ':last :soundary line of erection 30 to the ' est boundary line of said Section, Township 8 North, Range 61 nst of the 6th P. :,., con,ain3lg approximately 2.42 acres. r"M174T29',,,, TT IS ADJUDGED D to be duo and there is hereby award- ed to FTarold . Mood, owner, the sun of Sixteen and 94/100 Sollars (].G,94) compensation for Parted' 3t?, being; A strip of land 20 feet wide - adjacent and North of the *,:resent highway right-cf-way, I::tendin. 'Jtst.,ard approx- imately ;2330 feet from the ;st boundary line of Section 24, to the ?lest boundary line of said Section, To-;'nehip 8 Uorth, Range 62, 'nest of tite 6th P. M., containing 2.42 acres. y THU: s'0I ", VL IS ADJ D :11 to ba due 4unc there is hereby award- ed to 'velina 17. ' :tsror, owner, the sum of Bight arid 47/100 Dolly rs ar_-(4..8.47) cortpens"tion_ for Parcel 38, being:. A strip of land 20 fset wide adjacent anal North of the present highway right-r•f-vtay, extending-:sstward approx- imately 2640 feet from the Bast boundary line of Section 23, to the "North and South center line of said Section Township 3, North, flange 62, 'lest of the 6th P. M., con- taining 1,21 acres. 'tr'n•:,:o , I''' Trl s.)J1IDGTKO to be due and there is herab:; award- ed to Henry Spangler, owner, :-.tact W. 7. Spangler, claimant, the sum of ..fight fnd 47/100 !)o11rtra (0.47) .cc:npensnt:ion for Parcel 39, '•�r.:tng: ' A strip of land 20 feet wide adjacent and North of the n.r.•osent highway right-of-way, Axtending Westward approx- imately 6240 feet from the ;torah and South center line of Section 23 to the 'amt boundary line of said Section, Township 3 North, Range 62 West of the 6th ??. '';., and containing 1.21 acres. Tt E h'0f 7, 1T IS ADJUDGED to be due and there is hereby award- ed to Aaron 3. Cnpp, owner, the sum or Sixteen and 94/100 10O seou.983 PAGE 4i. Do?1 's . compensation for• aro!1 4.o, beings strip of load 20 foot aide adjacent and Worth of tbe presort highway r3:Jat- •i ti ii, sxto2d3nf :;oatxiart 5280 foot ;'wore. • e r:cast boundary line of 0aotiou 22, to Vhc ';•33; ': oundary line of said : ootion, ':township 0 North, 9.'tn,'e t.2 'eat. -of the 6th P. M., containtn; r.:pproxtnt .e11 2_.42 z nx' ;*n. (016.94) '";'i: '?" ^ , , IT X:. _% J1Tronn to be duo and th..)ra is; hJr• by si and ► od to aeorse G. >ac t,- ownt":x , and Laad enk Commisaion tT' of r:ichita, Ernes, nort":tr )o, t•ho c:t) or 7.iei+t and 4[/100 7c:11ax't .. 0L^. p.man tJ.O 2 T.a2 P^x oo1 41, being: r : . strip of land 20 foot vide ntil:} sent :;:144 :•.oc:tth of the pr•:stint ..,,,,.,,; rl Ft e ; c .-. -. ..,. y" r;.1i;-af'-way, ..x_K n�:z..rx� ...oatna.:.i c p,.x sTs:- i: ttt 1 2440 frct i VT: 7ast ':iaunth r; lino of `:: ct:t:t.o 20, to t'kl :lor h rs_ cl ;oitth c_r:r.tcsr. lino or Sri Luotiota, t �`1�`. • j 3;1 '� °+;'it'.:? , ..t�?1:"{'• i,.. Ft: e. of .. t!•:i.x � ♦ .,., fe::)"' tote nt; ,i)Too,:irsnto y 1.21 r~C!"13. ��.7`�'iT'.•'fyi"'_' r; .".p.t'iilvm to b'.; no ;?if ° :':Y'Ct le v rd ad to nernqlitm Conner, own,:r, the n? ►; of !; .t`,yat t::td 4'1/100 Dollmr: C141.47) .47) - com u's:; :to±+ for *;:1,1 'w2, ',5art str1.ic 'and s" -..c7 c:i t ride 14'J'3vt,'1-b •i.ti1 :: ;uth of t'oo .p,'3.3ta : ' t•ir';:riny extondini; '. at:vHard 2640 . _,m -n :.. ,ort: i old .•{:v{i} ccrtc:r: of r:^."tion 25, :1 r�,' ?Etai 1 •rFr ::{ , s i Township s •+• :sz�xiilr_.., :Una of •7s�i a.,;.c••a _n�t_p 3orf pr ezL!£t 'a1yf 1.21 ?t C';os. Ps' ... .10.1":Wat) to L)n duo g'•..td three _o is•'Sl'oiY',j a ar'f.- od to 1.11 =_-d .'. .: ut'i.ersi mnap, End 35;ttio Ja - ;ood nor t"'YT'reo Vas ntt i e a. l,s: re7 .:tt,s 94/11'.0 r;o1 01-e (:A0.047 otY.vensntio,i for 'F`rcel +i:7, 4ie)lt+,;ri A itx i., ‹f land 20 f.e,t wide Cit? -^. ersnii t:::d Gent t,f the pr:::•teat l .'7a::?;t ri '7.ii-of ^'14:1[7, ext:'Jnt ins letv,91,d z: prex- i.;',t:ately X2'.0 ;e•-tt fzeri th. :ant boundner line of Section 20, tc th , -:out bounds : line cif' said %notion, ' o ;xtzhip. S North, hen7e OR Test tr.- the a01 F. ., cont:'inir ' 1'.42 mrtrIC-rro.,:•S T t5 �T ri.7111 to he due and titl•?7C'e 13 YIa:ie o f nwarc1N • ec3 to Willito Co !orev owner, end frir'anr ale "mote Bonk, rnortm coo, the 312M of `: Lxt T :_1 and 94/.100 1 o? l: 'u eual ietzs:ation fez' Pnrool 44, being: ('S.47) ( 7.0.94, A strip of land 20 Foot aide adjacent and South of the present highway right-of-way, extending Westward approx- imately 5280 feet from the cast boundary line of Section 27, to the West boundary line of said Section, Township 8 North, Range 62 West of the 6th P. U., containing approximately 2.42 acres. IT IS FURTHER ORDERED, ADJUDGED AND DECREED that petitioner is entitled to take for the widening of the present highway oath and every tract or parcel of land hereinbofore de +r,ribod and that Yield County shall hereby bc^xno seized in fee thereof and entitled to the possession thereof aid to hold and use the same for the pur- pose of a public highway and in discharged from any and all claim for any dmaages by reason or any natter specified in said petition and this Ruling. • Done in open Court t°lis //today of September, 1935. By the Court:. • Judge .. 12. POOK 983 ? iF CERTIFICATE OF COPY —The Tribune -Republican Publishing Co., 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 COMMISSIONERS OF WELD COUNTY, COLORADO, Plaintiff versus A.RVADA LODGE NO. 145 I. 0. 0. F., et al Defendants, as the same appears from the Original Files and Records of this Court, in said cause in this office now remaining. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my official . ••44^'':•.seal, at my office in Greeley in said County and State, this.-_-_._................ day of . seytember_ — _.A. D. 1935 (:tlZI1 .. t, Weld CountyCo 1p. ra Deputy. 2 BISON OIL & GAS II, LLC Weld County 8/7/2019 BOGII 3,630.00 2489 RECEIVED AUU 1 4 Z010 WELD COUNTY COMMISSIONERS BOGII BOGII Lease Bonus BISON OIL & GAS II, LLC Weld County 8/7/2019 BOGII VoNt\\-)s ;-tos S\\\ � T o,CA � e�SsLS LE Ec3-a k L E o n-1 - 3 \ . \ osc i cs . 4\ ao cs La 03 a -1 _ Is\ O•(c o S aci cs BOGII 90(42fl.. 3.oa5 3.630.00 2489 3.630.00 x dt t "pGo c. c_c e 3L,3v • ob BOGII Lease Bonus 3.630.00 ■ )DELUXE CORP" 1+800-328-0304 www.deluxeforms.com 5581064/03-16 s 6867436600 D3F1A1 SLKDKO4 11/05/2018 20:11 -14- Oil & Gas Lease Weld County ' 6rs 48W 414.4 MK 4M 614 41W 4� 91114 NM T{W 1114 1.744 1IN ♦ We 1114 4:,A II4 MK 1,14 44* us 67W IN 41K ills 4 O IIN Stw ' ilk — S/W ��^ II* 114 NW I ION 47W ION µW ION MW ION 4344 ION 67W 1014 4144 ION 40W NW ION SSW 1O4 1TK ON SLW 1914 4544 0114 67W 14 14104 014 6SW DIN MW 0914 41* 0914 61W 09N 41* OtN 40w 09N SIW 0014 59114 0114 51114 0114 NW 0014 47* 00N 14* — bill 4SW O/N 44* 004 4344 OON _ 42W 0914 61* OIN OW II% 0814 ]IW OON 0414 SI* 1444 0714 6744: 57N 44A OM 4!A — O/N MA 0 I 4I* SIN 6:K GIS 4144 ON. 45w _ 07N MN — JIN SOA 07N 5x44 OIN Nn OW ITK 044 µ'A MN 4141/4 0014 MW , 0414 • Is* NA — 414, 0414 NW 67W OSN µW N ON 4SW OS14 MW • 0!14 4)W I a 0944 61W 0114 III* 40111 0414 47W 0414 14* 04N 65'W SIN NW O4N 43* 044 67W 0414 NW GIN 444 03N 61W bF4...all µW bW 65W 0JN MW 0314 4)44 0IN 4M Gw 4 • W 021. 444 0214 67W 0714 µW ON. N'W 02N NA OIN 43K i 0214 i:A DIN 1'A GIN 14* b1N 4TW :IN — 14* 0114 ISW 01S MK 01N 41444 GIN 6744 Oih l 415 S22 T8N R60W Parcel 5 (1.21 acres) Parcel 6 (1.21 acres) N A 1 inch = 1,000 feet Disclaimer This product has been developed solely for internal use only by Weld i.ounty The GIS database and data in the product is subject to constant change and the accuracy and completeness cannot be and 1s not guaranteed The designation of lots or parcels or land uses in the data base does not imply that the lots or parcels were legally created or that the land uses comply with applicable State or Local law UNDER NO CIRCUMSTANCE SHALL THE PRODUCT BE USED FOR FINAL DESIGN PURPOSES WELD COUNTY MAKES NO WARRANTIES OR GUARANTEES, EITHER EXPRESSED OR IMPLIED AS TO THE COMPLETENESS. ACCURACY. OR CORRECTNESS OF SUCH PRODUCT NOR ACCEPTS ANY LIABILITY, ARISING FROM ANY INCORRECT, INCOMPLETE OR MISLEADING INFORMATION CONTAINED THEREIN No part of the product may be copied, reproduced or transmitted in any form or by any means whatsoever, including, but not limited to, electronic, mechanical, photocopying, recording, scanning, or by any information retneval system or any non -approved purpose without the express writer consent of Weld County BISON OIL & GAS II August 8, 2019 Weld County, Colorado c/o Board of County Commissioners Attn: Jessica Reid 1150 O Street, PO BOX 758 Greeley, CO 80632 Re: Weld County Small -Tract Oil and Gas Leases Bison Oil and Gas II, LLC Jessica, B n Oil & Gas II, LLC 518 17th Street, Suite 1800 Denver, CO 80202 Phone: 720-644-6997 Fax: 303-974-1767 RECEIVED AUG 142019 WELD Y COMMiSSIONERS� Please find enclosed lease bonus check #2489 in the amount of $3,630.00 to replace the original lease bonus check #2480 in the amount of $6,050.00. This is to correct the amount per acre on the previously sent small tract leases from Bison. The total of $3,630.00 being $1,200.00 per net mineral acre, 1.21 net mineral acres in Parcel No. 4 and Parcel No. 5 and 0.605 net mineral acres in Parcel No.6, for a total of 3.025 net mineral acres. The tract descriptions are as follows: Township 8 North, Range 60 West, 6°' P.M. Section 23: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South center line of Section 23, to the West boundary line of said section, containing approximately 1.21 acres, also described as Parcel 4 at Reception Number 721497, Weld County, Colorado. Township 8 North, Range 60 West, 6t' P.M. Section 22: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the East boundary Line of Section 22 to the North and South center line of said Section, containing approximately 1.21 acres, also described as Parcel 5 at Reception Number 721497, Weld County, Colorado. Township 8 North, Range 60 West, 6t' P.M. Section 22: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South center line of Section 22 to the West boundary line of said Section, containing approximately 1.21 acres, also described as Parcel 6 at Reception Number 721497, Weld County, Colorado. Should you have any questions, please do not hesitate to reach me by phone at 720-614 -6997 ext. 5-3, or by email at kbaker@bisonog.com. Respectfully, Bison Oil & Gas II, LLC Karsten Baker Landman IqBISON OIL & GAS II July 24, 2019 Weld County, Colorado c/o Board of County Commissioners 1150 O Street, PO BOX 758 Greeley, CO 80632 Re: Weld County Small -Tract Oil and Gas Leases Bison Oil and Gas II, LLC To the Weld County Board of County Commissioners, Bison Oil & Gas II, LLC RECEIVED JUL 292019 WELD COUNTY COMMISSIONERS 518 17th Street, Suite 1800 Denver, CO 80202 Phone: 720-644-6997 Fax: 303-974-1767 Enclosed please find three (3) executed original Weld County Small Tract Oil and Gas Leases for three (3) separate tracts owned by Weld County in Township 8 North, Range 60 West, 6th P.M. with Bison Oil & Gas II, LLC as Lessee. Also, please find enclosed lease bonus check #2480 in the amount of $6,050.00, being $2000.00 per net mineral acre, 1.21 net mineral acres in Parcel No. 4 and Parcel No. 5 and 0.605 net mineral acres in Parcel No.6, for a total of 3.025 net mineral acres. A copy of the original Final Ruling in Cause No. 9006 recorded at Book 983, Page 43 Reception No. 721497, Weld County, Colorado as well as a portion of a First Supplemental Drilling and Division Order Title Opinion dated May 10, 2019 concerning Weld County's interest has also been provided. The tract descriptions are as follows: Township 8 North, Range 60 West, 6th P.M. Section 23: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South center line of Section 23, to the West boundary line of said section, containing approximately 1.21 aues, also described as Parcel 4 at Reception Number 721497, Weld County, Colorado. Township 8 North, Range 60 West, 6th P.M. Section 22: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the East boundary Line of Section 22 to the North and South center line of said Section, containing approximately 1.21 acres, also described as Parcel 5 at Reception Number 721497, Weld County, Colorado. Township 8 North, Range 60 West, 6th P.M. Section 22: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South center line of Section 22 to the West boundary line of said Section, containing approximately 1.21 acres, also described as Parcel 6 at Reception Number 721497, Weld County, Colorado. Should you have any questions, please do not hesitate to reach me by phone at 720-644-6997 ext. 5-3, or by email at kbaker@bisonog.com. Respectfully, Bison Oil & Gas II, LLC Karsten Baker Landman Akers &Thompson LLC WWW.AKERSTHOMPSONLAW.COM ATTORNEYS AND COUNSELORS AT LAW 4700 South Syracuse St. Suite 810 Denver, CO 80237 720.488.0835 John K. H. Akers, Jr.' jakers@akersthompsonlaw.com Eric K. Thompson'•2•s•e ethompson@akersthompsonlaw.com SandraJ. Carter' scarter@akersthompsonlaw.com Troy L. Chatman II' tchatman@akersthompsonlaw.com Samuel F. Claycombe' sclaycombe@ahersthompsonlaw.com Emma K. Knight' eknight@akersthompsonlaw.com Arielle M. Schreiber'•2•7 aschreiber@akersthompsonlaw.com Matthew K. Sidran' msidran@ahersthompsonlaw.com OF COUNSEL Jennifer Blum'•2.3•4 jblum@ahersthompsonlaw.com Licensed in:'CO 'WY 'NY 'ND 'UT °NM 'NE May 10, 2019 Via Email: kbaker(7a,bisonog.com hlovellbisonog.com Mr. Karsten Baker Staff Landman Bison Oil & Gas II, LLC 518 17th Street, Suite 1800 Denver, CO 80202 FIRST SUPPLEMENTAL DRILLING AND DIVISION ORDER TITLE OPINION covering Township 8 North, Range 60 West, 6th Principal Meridian Section 22: ALL Section 23: W/2 Weld County, Colorado Containing 960.00 acres, more or less NOTE: This opinion excludes all existing wells located on or pooled with the subject lands as of June 26, 2017. The above -described lands are referred to herein as the "subject lands" Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 2 of 63 Dear Mr. Baker: Pursuant to your request, we have examined the title materials described in the "MATERIALS EXAMINED" section of this opinion for the purpose of rendering a First Supplemental Drilling and Division Order Title Opinion covering the subject lands. As a result of our examination, we have determined that the current ownership of the surface, minerals, the oil and gas leasehold estate, and oil and gas production in and from the subject lands, effective through February 5, 2019 at 7:45 a.m. (the "effective date"), is as specified hereafter, subject to the exceptions, comments and requirements that follow. MATERIALS EXAMINED Abstracts 1. ABSTRACT INDEX TAKEOFF UPDATE prepared by Bold Resources, LLC for Bison Oil & Gas II, LLC, containing a list of Weld County records covering All of Section 22, T8N, R60W, 6th P.M. from June 26, 2017 to February 5, 2019. 2. ABSTRACT INDEX TAKEOFF prepared by Bold Resources, LLC for Bison Oil & Gas Partners, LLC, containing a list of Weld County records covering W/2 of Section 23, T8N, R60W, 6th P.M. from June 26, 2017 to February 5, 2019. 3. PROPERTY INDEX SEARCH REPORT prepared by Heritage Title Company, Greeley, Colorado, containing the results of a search of their computerized tract indices which purport to describe all instruments recorded in the Office of the Clerk and Recorder that affect ALL of Section 22, T8N, R60W, 6th P.M. from June 26, 2017 to February 5, 2019 at 7:45 a.m. 4. PROPERTY INDEX SEARCH REPORT prepared by Heritage Title Company, Greeley, Colorado, containing the results of a search of their computerized tract indices which purport to describe all instruments recorded in the Office of the Clerk and Recorder that affect the W/2 of Section 23, T8N, R60W, 6th P.M. from June 26, 2017 to February 5, 2019 at 7:45 a.m. 5. A copy of the lease file maintained in the Colorado offices of the United States Department of the Interior, Bureau of Land Management, for lease Serial No. COC-076980 obtained by Bold Resources, LLC on February 22, 2019 and containing all instruments filed since June 26, 2017. Prior Title Opinions 1. DRILLING AND DIVISION ORDER TITLE OPINION dated September 13, 2017, issued by Akers & Thompson, LLC for Bison Oil & Gas II, LLC covering ALL of Section 22 and the W/2 of Section 23, T8N, R60W, 6th P.M., certified to an effective date of June 26, 2017 at 7:45 a.m. Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 3 of 63 Documents 1. Current Oil and Gas Lease No. 4477402 as described in ADDENDUM A of this opinion. 2. LETTERS TESTAMENTARY dated December 18, 2014, certified as being in full force and effect as of September 11, 2018, recorded at Reception No. 4478275 on April 2, 2019, issued in the Arapahoe County District Court, Colorado, Case No. 14PR432 in the Matter of the Estate of Robert L. Clevenger, deceased, appointing Barbara A. Clevenger as Personal Representative. 3. PERSONAL REPRESENTATIVE'S DEED OF DISTRIBUTION dated April 1, 2019, recorded at Reception No. 4478276 on April 2, 2019, from Barbara A. Clevenger, as Personal Representative of the Estate of Robert L. Clevenger, deceased, to Barbara A. Clevenger conveyin an undivided 119th interest in the E/2 of Section 22 and SW/4 of Section 23, T8N, R60W, 6th P.M. 4. Current Oil and Gas Lease Nos. 4478678, 4478679, and 4478680 as described in ADDENDUM A of this opinion. 5. Current Oil and Gas Lease No. 4479483 as described in ADDENDUM A of this opinion. 6. Current Oil and Gas Lease No. 4480643 as described in ADDENDUM A of this opinion. 7. LETTERS TESTAMENTARY dated April 20, 2011, certified as being in full force and effect as of January 17, 2018, issued in the District Court of Adams County, Colorado, Case No. 11PR164 in the Matter of the Estate of Robert Eugene Carlson, a/k/a Robert E. Carlson, a/k/a Robert Carlson, deceased, appointing George Burton Carlson and Frank R. Carlson as Co - Personal Representatives of the estate. Records 1. COGIS — Facility Query Results shown on the website of the Colorado Oil and Gas Conservation Commission ("COGCC") on May 7, 2019, listing the wells located in Section 6, T7N, R59W; Section 2, T7N, R60W, 6th P.M.; Sections 14, 15, 17, 22, 23, and 27, T8N, R60W, 6th P.M.; Sections 11, 15, 21, and 26, T8N, R61W, 6th P.M.; Section 11, T9N, R61W, 6th P.M. 2. COGIS — Well Information sheets for all current wells contained in the COGIS — Facility Query Results listed above, as shown on the dates specified in the queries above. 3. LR2000 — Acreage Report run on the LR2000 website of the United States, Department of the Interior, Bureau of Land Management ("BLM") on May 7, 2019, containing surface acreage area, according to BLM surveys, of All of Sections 22 and 23, T8N, R60W, 6th P.M. 4. SERIAL REGISTER PAGE printed from the LR2000 website of the BLM on May 7, 2019, containing summary information on Federal Lease File No. COC-076980 issued June 3, Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 4 of 63 2015 and currently in "Authorized" status covering the SW/4 of Section 22 and NE/4 of Section 24, T8N, R60W, 6th P.M. 5. STATEMENTS OF TAXES DUE printed from the website of the Office of the Weld County Treasurer (http://www.weldtax.com), as it appeared on May 7, 2019, showing ad valorem real property taxes assessed to: (a) Donald V. Stanley Trust, et al as owner of Parcel No. 054122000006, Account No. R0548386, described as 3145 NE4 22 8 60 EXC OG&M (2R), for the year 2018, due in 2019, assessment has been paid in full. (b) Marlene G. Hale as owner of Parcel No. 054122200002, Account No. R8955104, described as NW4 22-8-60 EXC NW4NW4/N2N2SW4NW4, for the year 2018, due in 2019, assessment has been paid in full. (c) Bison Oil and Gas II LLC as owner of Parcel No. 054122200001, Account No. R8955103, described as PT NW 22-8-60 NW4NW4/N2N2SW4NW4, for the year 2018, due in 2019, assessment has been paid in full. (d) USA, as owner of Parcel 054122000004, Account No. R0548186, described as 3147 SW4 22 8 60 EXC OG&M (4R), exempt from taxes. (e) Donald V. Stanley Trust, et al as owner of Parcel 054122000005, Account No. R0548286, described as 3146 SE4 22 8 60 (5.63R), for the year 2018, due in 2019, assessment has been paid in full. (0 Dennis L. Schulte, as owner of Parcel 054123200009, Account No. R8956151, described as NW4 23-8-60 EXC BEG W4 COR SEC TH B88D44'E 30.01' TO TPOB TH NOD13'E 1890.45' TO NON -TANG CURVE TH 246.64' ALG CURVE TO R (R=3040' CH=S02D06'E) SOD13'W 1643.82' TO S LN NW4 S88D44'W 10' TO TPOB ALSO EXC MIN, for the year 2018, due in 2019, assessment has been paid in full. (g) Farm Credit Bank of Wichita, as owner of Parcel 054123000004, Account No. N0548786, described as 3152-A UND V2 INT IN OG&M SW4 23 8 60, for the year 2018, due in 2019, assessment has been paid in full. (h) Donald V. Stanley Trust, et al as owner of Parcel 054123000004, Account No. R0548686, described as 3152 SW4 23 8 60 EXC OG&M, for the year 2018, due in 2019, assessment has been paid in full. Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 5 of 63 OIL AND GAS TRACT DESCRIPTIONS Tract Description Acres I Township 8 North, Range 60 West, 6th P.M. 160.00 ac. Section 22: NE/4 II Township8 North, Range 60 West, 6th P.M. 160.00 ac. Section 22: NW/4 III Township 8 North, Range 60 West, 6th P.M. 158.79 ac. Section 22: SW/4 LESS AND EXCEPT Tract IV as described herein IV Township 8 North, Range 60 West, 6th P.M. 1.21 ac. Section 22: That part of the SW/4 described at Reception No. 721497 as Parcel 6, being a strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South centerline of Section 22 to the West boundary line of said Section. V Township 8 North, Range 60 West, 6th P.M. 158.79 ac. Section 22: SE/4 LESS AND EXCEPT Tract VI as described herein VI Township 8 North, Range 60 West, 6th P.M. 1.21 ac. Section 22: That part of the SE/4 described at Reception No. 721497 as Parcel 5, as being a strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the East boundary line of Section 22, to the North and South center line of said Section. VII Township 8 North, Range 60 West, 6th P.M. 160.00 ac. Section 23: NW/4 VIII Township 8 North, Range 60 West, 6th P.M. 158.79 ac. Section 23: SW/4 LESS AND EXCEPT Tract IX as described herein IX Township 8 North, Range 60 West, 6th P.M. 1.21 ac. Section 23: That part of the SW/4 described at Reception No. 721497 as Parcel 4, as being a strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approximately 2640 feet from the North and South centerline of Section 23 to the West boundary line of said Section. TOTAL ACRES 960.00 ac. Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 12 of 63 Tract IV: 1.21 acre strip in SW/4 of Section 22 Surface Ownership Board of County Commissioners of Weld County, Colorado Ownership of Oil, Gas and Related Hydrocarbons Owner Interest Board of County Commissioners of Weld County, Colorado 50.000000% Stone Hill Minerals Holdings, LLC 7.117708% Mountain States Minerals, LLC 6.333333% Beauleo Minerals, LLC 5.700000% AK Resources LLC 5.500000% Vincent Yohe 5.500000% The Williams Home, Inc. 5.000000% Stellar Resources LLC 4.750000% Cobalt Oil & Gas LLC 3.166667% Amy Horn 1.666667% Theodore M. Doty, aka Ted Doty 1.666667% Virginia L. Hammond 1.666667% Denver Mineral & Royalty Company, LLC 1.583333% Mark D. & Michelle R. Smith 0.250000% Bull Moose Royalties, LLC 0.098958% Total 100.000000% Ownership of the Oil and Gas Leasehold Estate Owner Bison Oil & Gas II, LLC 100.00% OGL Unleased 4379160 4449985 4336052 4337492 4358962 4465641 4334450 Unleased 4357618 4381548 4316752 4354455 4334450 4421529 WI NRI OGL 4316752 4334450 4336052 4337492 4354455 4357618 4358962 26.715625% 21.372500% 4421529 Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 13 of 63 Owner WI DPOC, LLC DPOC, LLC Board of County Commissioners of Weld County, Colorado Cobalt Oil & Gas LLC Stone Hill Minerals Holdings, LLC Mountain States Minerals, LLC Beauleo Minerals, LLC AK Resources LLC The Williams Home, Inc. Stellar Resources LLC Vincent Yohe Amy Horn Theodore M. Doty, aka Ted Doty Denver Mineral & Royalty Company, LLC Virginia L. Hammond Mark D. & Michelle R. Smith Bull Moose Royalties, LLC 13.784375% 6.333333% 50.000000% 3.166667% NRI 11.083000% 5.066666% 50.000000% 3.166667% OGL 4379160 4381548 4465641 44499854 Unleased Unleased 1.423542% LOR 4379160 1.266667% LOR 44499854 1.140000% LOR 4336052 1.031250% LOR 4337492 1.000000% LOR 4465641 0.950000% LOR 4334450 0.880000% LOR 4358962 0.312500% LOR 4357618 0.277833% LOR 4381548 0.316667% LOR 4354455 0.277833% LOR 4316752 0.050000% LOR 4334450 0.019792% LOR 4421529 4 Subject to Additional Comment and Requirement No. 8 of this Current Opinion. Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 14 of 63 Owner WI NRI OGL Bull Moose Royalties, LLC Hampton Royalties, LLC Wade R. Hill and Barbara S. Hill, as joint tenants 4316752 4337492 0.145083% ORI 4357618 0.110000% ORI 4358962 0.110000% ORI 4358962 Total 100.000000% 100.000000% Tract V: SE/4 of Section 22 LESS 1.21 acres described as Tract VI herein Surface Ownership As to the SE/4 of Section 22 LESS AND EXCEPT that portion conveyed at Reception No. 1731261; .AND LESS AND EXCEPT that 1.21 acre strip of land described at Reception No. 721497; AND LESS AND EXCEPT a public road right of way dedicated at Reception No. 4416982: The Donald V. Stanley Trust dated June 9, 2010 Julie C. Stanley Barbara A. Clevenger Roger Clevenger Arnold Carl Speaker 1/3 1/3 1/9 1/9 1/9 As to that part of the SE/4 of Section 22 conveyed at Reception No. 1731261: Colorado State Department of Transportation 100.0% As to that part of the SE/4 of Section 22 dedicated at Reception No. 4416982: County of Weld, Colorado 100.0% Ownership of Oil, Gas and Related Hydrocarbons Owner Interest The Donald V. Stanley Trust dated June 9, 2010 1/3 Julie C. Stanley 1/3 Barbara A. Clevenger 1/9 OGL 4340117 4334275 4379141 Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 15 of 63 Stone Hill Minerals Holdings, LLC Lincoln Energy Partners III, LLC Total 1/9 1/9 100.000000% Ownership of the Oil and Gas Leasehold Estate Owner Bison Oil & Gas II, LLC DPOC, LLC Acoma Energy, LLC The Donald V. Stanley Trust dated June 9, 2010 Julie C. Stanley Stone Hill Minerals Holdings, LLC Lincoln Energy Partners III, LLC Barbara A. Clevenger Bull Moose Royalties, LLC WI 52.222222% 44.444445% 3.333333% NRI 41.777778% 35.925555% 2.666667% 4280198 4291913 OGL 4280198 4291913 4334275 4340117 4379141 4334275 6.666667% LOR 4340117 6.666667% LOR 4334275 2.222222% LOR 4280198 2.083333% LOR 4291913 1.852222% LOR 43791415 0.138889% ORI 4291913 Total 100.000000% 100.000000% Tract VI: 1.21 acre strip in SE/4 of Section 22 Surface Ownership and Ownership of Oil, Gas and Related Hydrocarbons Owner Board of County Commissioners of Weld County, Colorado Interest 100.000000% 5 Subject to Additional Comment and Requirement No. 11 of this Current Opinion. OGL Unleased Bison Oil & Gas II, LLC First Supplemental Drilling and Division Order Title Opinion T8N, R60W, Section 22: ALL and Section 23: W/2 Page 25 of 63 Tract IX: 1.21 acre strip in SW/4 of Section 23 Surface Ownership Board of County Commissioners of Weld County, Colorado Ownership of Oil, Gas and Related Hydrocarbons Owner Board of County Commissioners of Weld County, Colorado Interest 100.000000% 100.00% DIVISION OF INTEREST See the Excel Spreadsheet labeled as Addendum B to this opinion OWNER ADDRESSES See Addendum B to this opinion EXCEPTIONS OGL Unleased Materials Examined: This opinion is subject to, and conditioned upon, the completeness and accuracy of the title information provided to the examiner, said information being described in the "MATERIALS EXAMINED" section of this opinion above. Unless otherwise stated in this opinion, the title information on which the examiner has relied for purposes of this opinion has been compiled by independent abstractors using the tract index books and computerized indices maintained by Heritage Title Company, Inc., Greeley, Colorado, described herein as "Heritage Title" (formerly known as Lawyers Title Insurance Company, Oil & Gas Research Center, previously known as Land America TransNation Title Insurance Company). With the exception of any investigation by the examiner required to obtain the recorded instruments listed separately in the "Documents" subsection of the "MATERIALS EXAMINED" section of this opinion, the examiner has not performed an independent review of the records maintained by the Office of the Clerk and Recorder, the Office of the Clerk of the District Court, or the Offices of the Treasurer and Assessor, Weld County, Colorado or the indices and records maintained by Heritage Title. No Opinion: We can express no opinion as to the following: railroad and/or other rights -of -way or claims not reflected in the data examined, the existence of which may be determined by physical inspection of the subject lands; possessory rights and discrepancies of survey or location that may be reflected by physical examination of the subject lands; zoning or other land use controls; pending litigation not reflected by a recorded notice of lis pendens; matters not disclosed in the tract or grantor/grantee index maintained by the County Clerk and Recorder; matters not disclosed in the tract index of a certified abstract company upon which the examiner has been authorized to rely for purposes of this opinion; matters not disclosed in an abstract *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: Bison Oil and Gas, II Attn: Karsten Baker 518 17th St, Suite 1800 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 Cog/ t3 /19 Date mailed out 1 9 119 By ao�9-30000 Hello