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Home My WebLink About20163939.tiff4203763 05/16/2016 01:15 PM Total Pages: 11 Rec Fee: $61.00 Carly Koppes - Clerk and Recorder, Weld County, CO ASSIGNMENT OF OIL AND GAS LEASES STATE OF COLORADO § § KNOW ALL MEN BY THESE PRESENTS: COUNTY OF WELD § THAT, Steven J. Buchanan, and Scotia Gas, Ltd, whose mailing address is P. O. Box 1170, Crestone, CO 81131 herein known as ("Assignor"), whether one or more, for and in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, does hereby bargain, sell, transfer, assign, convey and deliver unto Incline Niobrara Partners, LP, whose mailing address is 5019 N. Central Expressway, Dallas, TX 75205 herein known as ("Assignee"), with all faults and defects all of Assignor's right, title and interest in and to the following oil and gas leases ("Leases") described on Exhibit "A" attached hereto, hereby assigning all of the Assignor's assets located in the Subject Lands described on Exhibit "B" whether or not said interests are actually detailed on Exhibit "A". TO HAVE AND TO HOLD unto Assignee, its respective heirs, successors, legal representatives and assigns forever, subject however, to the below terms, conditions and obligations. 1. Assignor will execute and deliver all such other and additional instruments, notices, releases, and other documents and will do all such other acts as may be necessary to more fully assign to Assignee or its successors or assigns all of the respective rights and interests. 2. This Assignment is expressly made subject to the terms and conditions of said leases, as well as all royalties, overriding royalties and other similar payments with which said leases have heretofore been burdened. Assignee, to the extent of the interests herein assigned, shall be obligated to bear its prorate share of such lease terms, conditions and obligations. 3. This Assignment is made without warranty of title, either expressed or implied. 4. In the event Assignee elects not to pay any lease rental payment, minimum royalty, or option payment due under the terms of any Lease, Assignee shall notify Assignor not less than ninety (90) days prior to the date such lease rental payment is due. At the request of Assignor, Assignee shall immediately assign all of its right, title and interest in such Lease to Assignor, which assignment to Assignor shall be free and clear of any liens, leasehold burdens, encumbrances or adverse claims created by Assignee. 5. This Assignment and all the terms and provisions hereof shall be binding upon and inure to the benefit of the parties hereto, their respective legal representatives, successors and assigns. a.o l ko - 3`i 3ct LEoo �3 4203763 05/16/2016 01:15 PM Page 2 of 11 6. This Assignment may be executed in several counterparts and all of such counterparts together shall constitute one and the same instrument. 7. This Assignment is subject to that certain Letter Agreement, dated May 12, 2016, by and between Assignor and Assignee. IN WI'T'NESS WHEREOF, this instrument is executed and made effective as of the 13th day of May, 2016. ASSIGNOR: Steven J. Buchanan By: Scotia Gas, Ltd. By: Steven . uC anan, asresident ASSIGNEE: Incline Niobrara Partners, LP By: Incline Resources Niob�araTund GP, LLC as General Partner by William Francis, its Managing Member Jess L. Bond and Irene G. Bond Wichita Industries, Inc. 12/7/1983 T5N-R64W Sec. 9: All that part of the E2E2NW4 and the E2NESW, lying South of the right-of-way of the Ogilvy Ditch and North of the County Road Sec. 9: All that part of the W2E2NW and the W2NESW, lying South of the right-of-way of the Ogilvy Ditch, all as more particularly described in that certain deed from Josephine W. Likens and Earl L. England and Ellen Agnes England recorded in Book 1131 at page 47 of the real estate records in the offices of the County Clerk and REcorder of Weld County, Colorado Sec. 9: A M&B tract in the W2E2 1951144 Jay L. Marr and Charlotte F. Marr Wichita Industries, Inc. 12/18/1983 TSN-R64W Sec. 9: A M&B tract in W2SE 1952996 Patrick Lee Williams and Kay Louise Williams Wichita Industries, Inc. 12/18/1983 T5N-R64W Sec. 9: A M&B tract in the SWNE and in the NWSE 1952997 Clifford J. Rome and Frank Hummel Wichita Industries, Inc. 12/30/1983 T5N-R64W Sec. 9: A M&B tract in the SE 1960182 Grace A. Millage Wichita Industries, Inc. 3/10/1984 TSN-R64W Sec. 3: 5W Sec. 10: All that part of the NW lying north of the Ogilvy Ditch 1963212 MEM NM Gertrude M. Briscoe Golden Buckeye Petroleum Corporation 5/2/1984 T5N-R64W Sec. 3: W2SE 1969693 Janet R. Norman Golden Buckeye Petroleum Corporation 5/4/1984 T5N-R64W Sec. 3: W2SE 1969694 Grace Prochnow, heir of Paul J. Briscoe and Charles Prochnow Golden Buckeye Petroleum Corporation 5/2/1984 TSN-R64W Sec. 3: W2SE 1969695 Edwin H. Briscoe, heir of Edwin Briscoe, deceased, and Eva Rae Briscoe Golden Buckeye Petroleum Corporation 5/4/1984 T5N-R64W Sec. 3: W2SE 1969696 Harold E. Briscoe, heir of Edwin Briscoe, deceased and Neil Briscoe Golden Buckeye Petroleum Corporation 5/2/1984 T5N-R64W Sec. 3: W2SE 1969697 Hello