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Home My WebLink About20141797.tiff RESOLUTION RE: APPROVE REQUEST TO WAIVE BID PROCEDURE CONCERNING SMALL TRACT OIL AND GAS LEASE, ACCEPT OFFER TO LEASE MINERAL ACRE, AND AUTHORIZE CHAIR TO SIGN - IRONHORSE RESOURCES, LLC WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, Ironhorse Resources, LLC, 3773 Cherry Creek North Drive, Suite 575, Denver, CO 80209, has requested that the bidding procedure be waived according to the policy as set forth in the Weld County Code for parcels less than five acres, on the following described mineral acres: Section 22, Township 8 North, Range 60 West of the 6th P.M., Weld County, Colorado; being further described as a strip of land 20 feet wide adjacent and north of the present highway right-of-way, extending westward approximately 2,640 feet from the east boundary line of Section 22, to the north and south center line of said Section (parcel 5). WHEREAS, Ironhorse Resources, LLC, is offering to lease the above described mineral acres, containing 1.21 mineral acres, more or less, and WHEREAS, the Board finds that the lease offer from Ironhorse Resources, LLC, in the amount of ONE THOUSAND FOUR HUNDRED FIFTY-TWO AND NO/100 DOLLARS ($1,452.00), is acceptable, with the further terms and conditions being as stated in said Small Tract Oil and Gas Lease, a copy being attached hereto and incorporated herein by reference. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the request of Ironhorse Resources, LLC, to waive the bidding procedure on an Oil and Gas Lease concerning the above described mineral acres, be, and hereby is, granted. BE IT FURTHER RESOLVED by the Board that the offer of Ironhorse Resources, LLC, to lease mineral acres, as hereinabove stated, be, and hereby is, accepted. BE IT FURTHER RESOLVED by the Board that the Chair, be, and hereby is, authorized to sign said Small Tract Oil and Gas Lease. 10YtGt-VwQ IQ(,t'o. ` L' • CA 63$)tvorthorse -1--o ranh..JJorsc dry 1'4 1 �1 I17 2014-1797 LE0327-3 WAIVE BID PROCEDURE / SMALL TRACT LEASE - IRONHORSE RESOURCES, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 16th day of June, A.D., 2014. BOARD OF COUNTY COMMISSIONERS ELD COUNTY COLORADO ATTEST: deideti �L ,, ;a O Lm Douglas faadeache , Chair Weld County Clerk to the Board 11 f, arbara Kirkme er, Pro-Tend/ BY 1(k\t Cle kt c--6i Dept Clerk to the Board Sean P. Conway KT — 0 ORM: Mike Fre y Attorney doos"',„„►,. is • Date of signature: 7-9 I vas 1161Va- 'I 't``` 2014-1797 LE0327-3 WELD COUNTY SMALL-TRACT OIL AND GAS LEASE THIS LEASE AGREEMENT, dated this 30th day of May , 20 14 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: Ironhorse Resources, LLC 3773 Cherry Creek North Drive, Suite 575 Denver, CO, 80209 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$ 1200 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 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_30th_day of May , 20_I`_, 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 pre ' exploration does not interfere with rights granted herein. 2014-1797 4024467 Pages; 1 of 13 0Steve Moreno, Cer aPn R order, Weld l�erLkl,an�,dy JRepcFee: y.000d County, CO ` 1111 1�1',�4" 1FIfi�IT�Yrh r�109. 1614Ilhtilhl�IWiifi ,I III (Revised 05/2014) Small-Tract Oil and Gas Lease Page 2 Q\Users\kford\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean(2).docx 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. 5 1 8y D. Royalty Payment on Oil: At the option of Lessor, and with sixty (60) days' notice to Lessee, • d~ Lessor may take its royalty oil in kind, in which event Lessee shall deliver such royalty oil to rom3� Lessor on the leased land, free of cost or deduction, into the pipelines or storage tanks ;Y designated by Lessor, but Lessee shall not in such case be required to provide free tankage oLL o for any such oil for a longer period than one month after the same is run into tanks. With sixty vy (60) days' notice to Lessee, Lessor may cease taking oil royalty in kind. When paid in cash, K I/IEDt Lessee shall pay Lessor for oil produced and saved from the leased land, eighteen and one- ma half percent (18.5%) the market value of the oil at the wellhead, or the price actually paid to mm f s Lessee at the well by the purchaser thereof, whichever is higher; and in no event shall the acv . Nu royalties be based upon a market value at the well less than the posted price in the field for e such oil, or in the absence of a posted price in the field for such oil, upon a market value at the v� ct cr`2 o a C:\Users*ford\AppData\Local\Microsoft\Windows\Temporary Internet '1.18'AN Files\Content.Outlook\TBPT5DNY\FOLeaseSmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 3 well less than the prevailing price received by other producers in the field for oil of like grade and gravity at the time such oil is run into pipelines or storage tanks. E. No Refund of Bonus: If Lessor owns a lesser interest in the oil and gas deposits of the above- described land than the entire and undivided fee simple estate, then the royalties and rentals herein provided shall be paid to Lessor only in the portion which its interest bears to the whole and undivided fee, but no refund of any bonus consideration shall be made by Lessor hereunder. F. Timing of Royalty Payments: All royalties payable under the terms of this lease shall be payable in cash (unless Lessor elects to take such royalty oil or gas in kind) to Lessor within one hundred twenty (120) days following the first commercial sale of production and thereafter no more than sixty (60) days after the end of the month following the month during which production takes place. Subject to the provisions of Paragraph 16 of this Lease concerning shut-in wells, royalties shall be paid to Lessor by Lessee and/or its assigns or by the product purchaser for oil and/or gas. Upon the failure of any party to pay Lessor the royalty as provided in this paragraph, Lessor may, at Lessor's option, elect to terminate this Lease by sending written notice to Lessee. Lessee shall then have forty-five (45) days from the date of service of such written notice in which to avoid termination of this Lease by making or causing to be made the proper royalty payment or payments that should have been paid. If such royalty payment is not made on, or before, the expiration of the 45-day period, or written approval is not obtained from Lessor to defer such payment, Lessor may elect to terminate this Lease by filing a Notice of Termination with the Weld County Clerk and Recorder. The effective date of said termination shall be the date said Notice of Termination is recorded. 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 g--. payments if Lessee desires to continue this Lease, but such "take or pay" royalty payments b shall be applied as a credit against any shut-in royalty obligation of the Lessee. Lessor shall TY ne 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, D . irrespective of any provision of said contracts to the contrary, and such gas purchase contract gym= 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, o v9 y IL Lessee from any gas purchaser and/or transporter for the amendment, modification, extension, m alteration, consolidation, transfer, cancellation or settlement of any gas purchase contract NEF and/or transportation agreement. ma"~ H. Recovery of Liquid Hydrocarbons: Lessee agrees that before any gas produced from the a^dam Nom Leased Premises is used or sold off the Leased Premises, it will be run, free of cost to Lessor, c @ through an adequate oil and gas separator of a conventional type or equipment at least as mJ ION£`o 7 • v9 ma C:\Users\kfordWppData\Local\Microsoft\Windows\Temporary Internet m v= Files\Content.Outlook\TBPT5DNY\FOLeaseSmallTract2014-Clean (2).docx vm�• (Revised 05/2014) Small-Tract Oil and Gas Lease Page 4 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. 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 8� 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. 3.- o t. B. Access to Premises: Lessor shall have free access, at all times, to all wells, tanks, and other wn equipment on the Leased Premises, including drilling wells, and Lessee agrees to furnish vD� Lessor, or Lessor's nominee, currently and promptly, upon written request, with full well to-0 a) information including cores, cuttings, samples, logs (including Schlumberger and other u.arxp-- 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 ma'° wells on the Leased Premises. Lessor or Lessor's nominee shall be furnished with, and have a�d- - 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 e g character to local, State or Federal governmental authorities. Lessor shall have the right, at its r—o election, to employ gaugers or install meters to gauge or measure the production of all minerals ioN v�v produced from the premises, and Lessee agrees to prepare and deliver to Lessor or Lessor's N� >=_ vows C.\Users'kford\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 5 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. — 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 u a different means of measurement, subject to Lessor's approval, is provided. y- 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 mDti the expiration of the primary term hereof. Oil royalty payments and supporting documents shall be �m3y submitted prior to the last day of the month following each month's sale of production, and gas 0 ai royalty payments and supporting documents shall be submitted prior to the last day of the second • `o v9� month following each month's sale of production. All payments shall be made by cash, check, .n °� certified check, or money order. Payment having restrictions, qualifications, or encumbrances of gyp Y N a any kind whatsoever shall not be accepted by Lessor. A penalty for a late payment shall be charged da c as set forth in the PENALTIES paragraph herein. 5v ��• 6. PENALTIES: A penalty shall be imposed for, but not limited to, late payments, improper payments, r operational deficiencies, violation of any covenant of this lease, or false statements made to Lessor. rm Penalties shall be determined by Lessor, unless otherwise provided for by law, and may be in the v�£— form of, but not limited to, interest, fees, fines, and/or lease cancellation. A penalty schedule shall • ct a VmuVi C:\UsersUcfordWppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 6 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. 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. SI C. Lessee to Notify: Lessee shall notify Lessor of all assignments of undivided percentage or 851/2 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 3 terms of this lease, and no dispute between parties to any such assignment shall operate to mD relieve Lessee from performance of any terms or conditions hereof or to postpone the time �m3 therefore. Lessor shall at all times be entitled to look solely to Lessee or his assignee shown w,_ on its books as being the sole owner hereof, and for the sending of all notices required by this 013---a lease and for the performance of all terms and conditions hereof. o LLo ID v3 reegiD. Filing with Lessor: Although not binding on Lessor, all instruments of every kind and nature ma A whatsoever affecting this lease should be filed with the Lessor. UI x no j 10. OVERRIDING ROYALTY: Any and all reservations or assignments or overriding royalties shall be ova- subject to approval by Lessor. The total of said overriding royalties shall not exceed five percent �m!Ile (5%), including any overriding royalty previously provided for unless production exceeds a monthly aC£_-. average of fifteen (15) barrels per day or ninety thousand cubic feet of gas per day (90 MCF/D). In NV" 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. C'.\Users\kford'AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 7 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 a declaration of pooling, or declaration of termination of pooling, and by mailing or tendering a copy to Lessor, or to the depository bank. 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 IN lease. -t 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 rd quantities, and shall operate the same so as to produce at a rate commensurate with the rate of s 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, m d and except for such limitations on, or suspensions of, production as may be approved in writing by �w3 Lessor. Lessee shall be responsible for adequate site security on all producing properties. °LL o%. 16. SHUT-IN WELLS: If Lessee shall complete a well on the leased land productive of gas and Lessee r� cf is unable to produce such gas due to a lack of suitable market therefore, Lessor may grant Lessee u E suspension of his obligations to produce hereunder until a suitable market for such gas can be cri a found, and during any such suspension period, it shall be deemed that gas is being produced mista^a 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 a sr n£ royalty payment shall be $240. Each year's shut-in royalty shall be forfeited to Lessor except for N^" the shut-in royalty paid for the year during which the well begins production. The maximum C:\Users\kford\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPTSDNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 8 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. 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 g or application shall be in the name of Lessor if Lessor is the surface owner. The same shall apply _y to any non-tributary water rights established on the leased land which may be put to beneficial use - _ off said land. v 23. DEFAULT: Upon failure or default of Lessee to comply with any of the terms and provisions hereof m �m33 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 46-oLL o-- hereinafter provided, to cancel this lease as to all of the leased land so claimed or possessed by U.wte v� lessee hereunder. In the event of any such default or failure, Lessor shall, before making any such i�9 za cancellation, send to Lessee by certified mail, to the post office address of said lessee as shown go. xx 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 yE correct such failure or default, no cancellation will be made. If such failure or default is not corrected v @ ti within forty-five (45) days after the mailing of such notice, and if Lessee does not request a hearing rm" on such notice within forty-five (45) days, this lease will terminate and be canceled by operation of v% this paragraph without further action by Lessor, or further notice to Lessee. 0 >=-- 47 LS w C:\Users\kfordWppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 9 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. 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 o State of Colorado Archaeologist immediately. 29. DEFINITIONS: For purposes of this Lease, the following definitions apply: 3x matt A. "Products"refers to any and all substances produced on the leased property, including all oil m3 and gas, found on or under the leased property. dDr B. "Market Value"shall mean for gas and products therefrom (i) the gross price at which gas or o mLL y products therefrom are sold pursuant to a Gas Contract, as defined in paragraph 2C, or (ii) if rcx -E not sold pursuant to a Gas Contract, as defined in paragraph 2C, the highest gross price do r114 reasonably obtainable for the quantity of gas or products available for sale, through good faith AmYar negotiations for gas or products produced from the Leased Premises at the place where such a^=� gas or product is available for sale on the date of such a contract with adequate provisions for `,4-c redetermination of price at intervals of no less frequency than two (2) years to ensure that the rm dr production is being sold for no less than the current market price. Included within the definition toN£ -• of "Market Value" as used herein is the presumption that Gas Contracts are arms-length vC va contracts with purchasers who are not subsidiaries or affiliates of Lessee. Nov=_ C-All C:\Users\IcfordAppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 10 "Market Va/ue"shall never be less than the amount actually received by the Lessee for the sale of hydrocarbons. C. "Affiliate" is defined as the parent company or a subsidiary of Lessee, a corporation or other entity having common ownership with Lessee, a partner or joint venturer of Lessee with respect to the ownership or operation of the processing plant, a corporation or other entity in which Lessee owns a ten percent or greater interest, or any individual, corporation or other entity that owns a ten percent or greater interest in Lessee. D. "Costs" and/or "Expenses" shall mean all costs of gathering, production, transportation, treating, compression, dehydration, processing, marketing, trucking or other expense, directly or indirectly incurred by Lessee, whether as a direct charge or a reduced price or otherwise, including fuel use attributable to any of the services listed above. "Costs" or"Expenses" also include depreciation, construction, repair, renovation or operation of any pipeline, plant, or other facilities or equipment used in connection with the treating, separation, extraction, gathering, processing, refining, transporting, manufacturing or marketing of hydrocarbons produced from the Leased Premises or lands pooled therewith. E. "Gas"as used herein shall mean all gases (combustible and noncombustible) including, but not limited to, all gaseous hydrocarbons, gaseous compounds, carbon dioxide, and helium. F. "Oil and gas"as used herein shall include all substances produced as by-products therewith, including, but not limited to, sulfur. G. "Paying quantities"as used herein shall mean and refer to quantities of oil and gas or of either of them sufficient to pay for the current cost of producing same. 30. HEIRS AND ASSIGNS: The benefits and obligations of this lease shall inure to, and be binding upon, the heirs, legal representatives, successors or assigns of Lessee; but no sublease or assignment hereof, or of any interest herein, shall be binding upon Lessor until the same has been approved by Lessor as explained in the ASSIGNMENTS paragraph provided above. 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 IN to do any curative work in connection with title to the subject lands. All abstracts of title, whether new or supplementary, obtained by Lessee and covering the subject lands shall become the oti property of, and be delivered to, Lessor after Lessee has completed its title examination and V curative work, subject, however, to the right of Lessee to use such abstracts upon request at any C time during the term of the lease. 0S "a 32. FORCE MAJEURE: Neither party shall be responsible for delays or failures in performance COO•CU 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 u 0a-- commotion, terrorism, or acts of public enemies; any law, order, regulation, ordinance, or onerequirement of any government or legal body or any representative of any such government or g 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 warp-- mo=� to pay money) on a day-to-day basis to the extent of such interference (and the other party shall NU 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). 0 N=. ^ coN ti 33. SURVEYS, ABSTRACTS, TITLE OPINIONS AND CURATIVE WORK: vCiv= N�>= amv,� C:\users*ford\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 11 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. In the event Lessee causes an abstract of title to be prepared covering the property herein leased, or any portion thereof, Lessor shall have access to said abstract at any reasonable time. In the event 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 or photostatic copy thereof within a reasonable time of receipt of the same by Lessee with the understanding 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. LESSOR: C�.ATTEST: C/ v• 0.tk, BOARD OF COUNTY COMMISSIONERS Weld County Clerk to the Board - WELD COUNTY, COLORADO By: lle®B _ L c,�f r✓ De uty Clerk to a Board %air, Bob d of Cou ty Commissioners JUN 1 6 2014 0,0 • ®110 a LESSEE: of U- mm3Th Ironhorse Resources, LLC - ntn any Name o �9 WL 1 e�LL 0 —.L- iz.— Signature daio3 Met, D. Curtis Simmons, Manager •- NU--- 1 Printed Name and Title STATE OF (Ole cot- 0 ) da- ) ss rm� torsi°...70 COUNTY OF f�%(,(f`(''� ) ei• 0,1 voaM The foregoing instrument was acknowledged before me this L day of Ja"h c. 20ILI , by (1). Lu,( S SrYllyHvn5 • C:\Users\kford\AppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 0512014) Small-Tract Oil and Gas Lease Page 12 Witnessand and,s fficial seal. t Notary ublic X My Commission Expires: • I r i i 5 ALEX SAVINAR LESSEE: (second signature if applicable) NOTARY PUBIJC STATE OF COLORADO MY 00MMI$NI0N itXPPIRsil a.i i=i8 Company Name Signature Printed Name and Title STATE OF ) ) ss COUNTY OF ) The foregoing instrument was acknowledged before me this day of , 20 , by . Witness my hand and official seal. Notary Public My Commission Expires: 4024467 Pages: 12 of 13 06/18/2014 12:10 PM R Fee:$0.00 Steve Moreno, Clerk and Recorder. Weld County, CO Mill Ntili n i�ti II IIIiGl 1J'!P E Cidid R 1 C F ills+lei .i Ill III C:1Users\kfordlAppData\Local\Microsoft\Windows\Temporary Internet Files\Content.Outlook\TBPT5DNY\FOLease_SmallTract2014-Clean (2).docx (Revised 05/2014) Small-Tract Oil and Gas Lease Page 13 "EXHIBIT A" SECTION TOWNSHIP RANGE 22 8N 60W DESCRIPTION OF LAND A 1.21 acre 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, more particularly described in Reception Number 721497 4024467 Pages: 13 of 13 06/18/2014 12:10 PM R Fee:$0.00 Steve Moreno, Clerk and Recorder, Weld County, CO I IIII Min Mii:VIS!,IL I'°i'fr4 NUJ 11111 T m C.\Users\kfordWppData\Local\Microsoft\Windows\ e porar y Internet Files\Content.Outlook\TBPT5DNY\FOLease SmallTract2014-Clean (2).docx (Revised 05/2014) a) a) t- 0 c � Malt !- Q �. liail ft ff II NUGNILW a Eg W a 4 ptti Ianftdt i U 1 .W q0 < c (/) (I) W 2 O S ! 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Recordedf SEP 17 1935 of 5 3°O'clockA>».__ Recopiion N5"1'$37 WALTER F.MORRISON,Recorder STAT T Off' COLO7 ADO, ) so Ill lin DISTRICT COURT • County of old. ) No. 9006 • • ) :30AF21) OF COUNTY CO::w ISSIOIT'.T 07 ) COITITY, COLCCADO, Petitioner, )) • -vs- a/ARVADA LOD(.E NO. 145, I.0.0.F. of Arvada Colorado, SARAN D. ?ITV, Tin P'AT••.::;,113 LOAN COI.SPANY OP DENV'fl, a Colorado. Cor- noration, CHRIS n. LAI13, CIiAPLBS-1'. IdC- CUTC ISON, PRIMAL LAN=D BANK OF WICHITA, of Wichita, Kansas, IIErU3"itT 3. DAMES, ) TRUST";", as Trustee for Peters Trust ) Company, a Nebraska Corporation, FINAL n1TLING 3AT'LLA PFN:.`,a"?, =RANK. 9. rnOLI-"7, CLYD•E? OF COURT W. I:To lfI:T ;'x:, LATE T:Pfl COMM B"S1I► r: TRUST Co'.?P.•".NY, a Colorado Corporation, JOS7PHIIII PRC;:FI'?T,D, SARAH R. i"AL ACR, OMIT A: '"'LPT Tt, !!'II? FIRST NATIO:IAL BA3N ) OF LINCOLN, TTT"'?=RASKA, F'Ra> KfThi 1"12, also known as i'13''D.?RICK iC(P-t?:ER, KATE (1J1fl R,, W. 7. FIOUGT Oii, YAM CO', si Iojr.R, :CARL K. DOLTON,. INC ::AST MN C ULO-/iD0 LOAN COL/PANY, A Colorado Corpora- tion, siIi3At,t .0. VAX:1T li, Au nn A. ::I''CHRL- "7'.',, OLD A i. 1:1O1iTGAOR COII AUY, a Colo- redo Corporation, NRDA 13. JON7S, ..';RC!IA'ri'S TNT-STOUT O'_ :ii Ar1Y, a Corpora- tion, 'IGYT D. t 1IPPLR, JOHN fPh'•M, • OLIvI ) IIA ROf R. T CAIN, :.t.A.HfIIA A. THOPI']', JOHN SCRIMP, MINA D. GREY, CURIES hiOA_:RD JOHrISON, AMA IIRLL JOHNSON, ARTHUR 1:I. ACCOLA, OL : .T. 1.10?'s, HARRY 0. Pf•RSO'.T3, ,•r, �- , G. R A. I:. PTPP?`• , THOUS .a,.9 1r1iT l'., L. :•. DOW, a r.RP;IA 0.TZUID13?*'dS, 0. Hs ORAF4 ?.1.7 TOI•I R. '."OOD, UNION C .•3TRAL I:,g'^• ) INSUR•',`.4C?3 COMPANY, an Ohio Corpora ion, CNAPLRS P. PARSONS, it R11RY r.,, PARSO S, rILLI.":'g C. .".:c rr-sCTO•.,", JOSEPH WATK :NS, ) HAROLD W. '."0OD, ":V LINA W. I;3TdOR, ) P. 3. TS'?ATT33, as Conservator of.the ) estate of H? Y W CP V. r. ) :,..;:� W. ��ALdOLT;i3, ' TP:1'GLvR, C1isimant, AARON .T. CAPP, ) G"ORG:? G. 5^:";.'"a', coNn.LIUS 1T. COiiN 1?, WILLARD S. BU`T'T 7TU , HAT"TIR 3. O,9GOOD, WILLIAN G. IIO7r, TN'' BRIGOSDAL R STAMP, BANK, Respondents. This matter coming rogularly boforo the Court this 16th dsy of Soptomib©r, 1935, upon the Certificate of the Commissioners • 3.i . • BOOK 983 r;.• • heretofore appointed by the Court, and the Court having road and considered the Certificate of the Coimnisaioners, PI *MS that said Commissioners have ascertained and determined that it is necessary that the present Highway right-of- way he widened by taking of lands to include those herein des- cribed. THE 00WPT _URTRTtt LIPIDS that petitioner has deposited in the registry of this Court the total sum of Five Hundred Tighty- flve and 12/1C0 Dollars (0585.12) to be disbursed ,,o the record owner and to other r:spondents, if any, having an interest in each parcel as their interest shall appear. T'1^fi_,PORR, IT IS .AD UDGI D to be due and there is hereby awarded to Arvada Lodge No. 145, 7.; .: .p., of Arvada, Colorado, owner, the stun of Six and 05/100 Dollars (;6.05) compensation for Parcel 1, being: A strip of land 20 feet vide adjacent and North of the present highway right-of-sway, extending Westward approximately 2640 feet from the ':ast Boundary line of Section 24, to the North and Routh center line of said Section, in Township e 8 North, Range 60 .net of the 6th P. .I., contain- ing approximately 1.21 acres. ^".17:TIF0,r{, IT IS ,:I),r;Dr;,, ".'.D to be due and thnrc is hereby awarded to Sarah P. Rice, owner, end The Farmers Loan Company, of Denver, mortgagee, the sum of Six and 05/100 Dollars - - - 06.05) compensation for Parcel 2, 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. center line of Section 24, to the Jost boundary line of said 'section, in Township 8 Korth, Mango 60 ;jest of the 6'th P. fl., containing approximately 121 acres. T_—R7P01:P., IT IS ADJUL6:D to be due and there is hereby Dollars awarded to Chris U. Leib, owner, the slum of Six and 05/102/ -(6.05) 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 'bast boundary line of Section 23, to the North and South center line of said Section, in Township 8 North, Range 60 rest of the Eth P. II., and con- taining approximately 1.21 sores. 2e • BOOK 983 PAGE 32 THEREFORE, IT IS ADJODG.sD.to be duo and there is hereby awarded to Charles 7. WeCutcheon, owner, and the Federal Land Bank of Wichita, of Wichita, Kansas, mortgagee, the sum of Six and 05/lo0.Dollar.. (}'6.05) comvensation for Parcel 4, being: • A atrip of land 20 feet wide adjacent and North of the present highway right-of-way, extending ':'ostward approximately 2640 feet from the North and South center line of Section 23, to the '. qst • boundary line of said section, in Township 0 • North, Ran e. 60 West of the 6th P. }g., contain- ing approximately 1.21 acres. TH77 E?'ON7, 'IT IS ADJIMM3D.to be duo and there is hereby awarded to Herbert S. Daniel, Trustee, as trustee for Peters Trust Company of Omaha, Nebraska, owner, the sum of Six and 05/100 Dollars 0;.6.05) compensation for Parcel 5, being: • A strip of land 20 feet ride adjacent and North of the present highway ri±ht-of-way, extending k:esttiard approximately 2040 feet from the East boundary line of Section 22 to the North and south center line of said section; in Township 0 North, Range 60 :lest of the 6th P. ::i., containing approximately 1.21 acres. , "a-"' 'FOP', IT IS APJP9'17D to be due and there is heraby awarded to Satella Penman, owner, the sum of Six and 05/100 Dollars (16.05) compensation for Parcel 6, being: A strip of land 20 feit wide adjacent and north of the present highway right-of-way, extending Westward opproxima .ely 2640 feet from the North and South center line of .Section 22 to the ;Vest boundary line of said Section, Township 0 North, Range 60 'est of the 6th '. U., containing • approximately 1.21 acres. T:?„^F0Pr, IT TS ADJT3DO1t •to be due and there is h-r oby • awarded to Frank B. Wolfe, owner, the sun of Six and 05/100 Dollars 06.05) compensation for Parcel 7, being: • • 2.11, . ROOK 983 51CF.• 33 • • A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 foot from the East boundary line of Section 21 to the North and South center line of said Section, Township 8 North, Range G0 West .of cf the 6th P. I.I., con- taining approximately 1.21 acres. T9'?R'FOpE, IT IS ADJUDGED to be due and there is hereby award- ed to Clyde W. TCcWhinney and Lorimer County Bank & Trust Company, owners, and- Josephine Backfield, mortgagee, the sun of Six and 05/100 Dollars (06.05) compensation for Parcel 8, being; A strip of land 20 feet wide adjacent and North of the present highway- right-of-way, extending Westward approx- imately 2640 feat from the North and South center line of Section 21, to the '+"test boundary line of said Section ?ownship 8 North, Ramm 60 7rest of the 6th P. ';:., con- t❑ining approximately 1.21 acres. -. . :;'0'." IT IS ADJL'DG'P, to b1 duo and t• re is hereby award- ed to Sarah E. Wallace, owner, aad The Federal Land Rank of Wichita, of 7ichit ., Kansas, mortgagee, the sun of Six and 05/100 Dollars (<:6.05) 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 feet from the East boundary line of Section 20, to the North and South center line of said Section, Township S North, Range GO :eat of the Gth P. 9., con- taining approximately 1.21 acres. T177EFOU7 IT T,. :1i!.TtiI)+FiD to b.) duo and there is hereby awarded to Oren A. 9oltzer, owner, and First National Bank of Lincoln, Nebraska, mort az;ee, the svm of Six and 05/100 Dollars - - (;6.05) compensation for Parcel 10, being: A strip of land 20 foot wide adjacent and North of the present highway right-of-way, extending Westward approx- inately 2640 f t from the North and South center lino of Section 20, to the West boundary Line of said :section, Township 8 North, Range GO '.lest of the 6th P. Li., contain- ing approximately 1.21 ecr.;s. THEREFOR^ IT IS ADJUDGED to be duo and there is hereby awarded to Fred Kummer, also known es Frederick Kummer, and Kate Kummer, owners, the sus of Twelve and 10/1-0 Dollars (012.10) compensation for Parcel 11, being: • sou 983 PALE 3g. A strip of land 20 feet wide adjacent and North of the present highway right-ofway, extending Westward approx- imately 5230 feet from the East boundary lino of Section 19 to the _Vast boundary line of said Section, Township . 8 North, Range GO Vast of the 6th P. LI., containing approximately 2.42 acres. • TN7IFTOR7, IT IS ADJUDGED to be duo end there is horeb;: awarded to W. Houston, owner, and The Pederal 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 land 20 feet vide adjacent and South of the present highway right-of-way, extending 'iostwaad approx- imately 2640 font from the East boundary line of Section 25 to the North and South center line of said Section, Township 3 North, Ran; e 60 "lest of the 6th P. D., contain- ing 1.21 acres. T PRL:P0 "?, IT TS ADJTIDGTD to be due and there is hereby awarded to ?arl K. illton, owner, and The flastorn Colorado Farm Loan Company, mortgagee, the s'.tn of Six and 05/100 Dollars (:;6.05) • compensation for Parcel 13, being: A strip of land 20 fsot wide adjacent and South of the present highway right-of-way, extending ":estward approx- imately 2640 feet from the North and South center lute of Section 25, to the ::fast boundary line of said Section, Tovmsl.ip 3 North, Rance 60 Most of the 6th P. H., contain- ing 1.21 cores. T."17dE [O; .., 1T J.z aDJDTDGLD to be due and there is hereby awarded to Hiram D. Vawter, owner, the slut of Six and 05/100 Dollars--( 6.05) compensation for Parcel 14, bein;,: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, oxtonding '.estward approx- imately 2640 foot from the East boundary line of Section 26, to the North ;End South center line of said Section, Township 8 North, Range 60 `test of the 6th P. H., contain- ing approximately 1.21 acres. T;;^Rrr07', IT IS ADJUDGED to be duo and there is hereby award- ed to Alfred Mitchelmore, owner, and the Oldham Mortgage Company, mortgagee, the sum of Six and 05/100 Dollars (;;:6.05) compensation for Parcel 15, being: • 4. BOOK. 983 Er 34 • • A strip Of land 20 feet wide adjacent and South of the present highway right-of-way, extending '.eatward approx- imately 2040 foot from the North and South center line of . Section 26 to the ;lost boundary line of said Section, Township 8 North, RanGe 60 Vest of the 6th P. V.., contain- ing approximately 1.21 acres. TS^R"POR-, IT I.'. Al J*JDGRD to be duo and there in hereby award- ed to Satelle Peninan, owner, the stun of Twelve and 10/100 Dollars (:'l2.10) compensation for Parcel 16, being: 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 lest boundary line of said Section, Township . 8, North, Rana 00 "'bat of the 6th P. tt., containing 2.42 acres. 'i'_!'. -trof9, IT IS ADJUDO'D to to due and thcro is hereby .word- ed to ;Yeda 5. Jones, owner, and ' nrchants Investment Company, uort- a`oo, the cunt of Twelve and 10/100 Dollars ((,.12.10) compensation for Parcel 17, being:. A strip of land 20 fact wide adjacent and South of the present highway right-of-way, attending Westward approx- imatoly 3280 feet from the '3ast boundary line of Section 28, to the Jost boundary line of said Section, Thwnship 8 North, Range 60 'lost of the 6th P. ' ., containing 2.42 acres. ''H R'T0R-, IT IS AMMO-RD to be duo and there is hereby award- ed to Hoyt D. '?ih_p»le, owner, the sums of Six and 05/100 Dollars (, 6.05) compensation for Parcel 18, being: A strip of land 20 feet wide adjacont and South of the present highwa-- right-of-nay, extending Westward approx- imntely 2640 feet from the '?oat boundary line of Section 29, to ,he forth and South center lino of said Section, Township 8 ::orth, Ran_ o 00 i.iost of the 5th P. i., contain— • ing 1.21 acres. Tn7RE:FORT, IT IS APJUDORD to be due and there is hereby award- ed to John hdams, owner, the sum of S'i:x and 05/100 Dollars (..0.05) componsotion for Parcel 19, being: A strip of land 20 feet wide adjacent and south of the present highway right-of-way, extending ttestward approx- imately 2„40 foot from the North and South center line of Section 29, to the ':'eat boundary line of said Section, 5. vs • lox PRGE 36 Township 8 North, Range 60lest of the 6th P. ?.4., contain- 3ng 1.21 acres. TN7G7 ORP, IT IS ADJD'DO'rl to be due and there is Hereby award- ed to John Adams, owner, the sum .of Six and 05/100 Dollars (1,6.05) compopshtion for rarcel 20, `king: • A strip of land 20 eat wide adjacent and South of the present highway right-of-way, extending Westward approx- iraately 2640 felt frmn the East boundary line of Section • 30, to the North and Sonth center line of said Section, Township 8 aortic, Range 60 That of the 6th P. N.,. contain- ing 1.21 acres. TH7R7FORP. IT 18 LDJUDGED to be :duo and there is hereby award- , ed to Olive :fiargaret Cain, owner, the sum of Six and 05/100 Dollars ( (E;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 Westward approx- imately 2640 feet from the North and South center line of Section 30, to the 'lest boundary line of said Section, Township 8 Norrth, Renge 60 West of tt�.o 0th P: n- taining 1.21 acres. TR7R?F0R7 IT IS ADJUDGIN) to be due and there is hereby award- ed to Martha A. Thorpe, owner, the sum of Eight and 47/100 Dollars • 0,'8.47) compensation for Parcel 22, being: A strip of land 20 feat wide adjacent and North of the present highway right-of-way, extending Westward approx- imately 2640 foot frac the inst boundary line of Section 24, to the North and South. center lino of rid Section Township s Worth, Range 61 :oast of the Gth P. T1., con- taining 1.21 acres. TH7R,FORS IT IS ADJJDG'9 to be due and there is hereby award- ed to John Schomp, owner, the sum of Eight and 47/100 Dollars (0.47) compensation for Parcel 23, 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 lino of Section 24, to the ;lest boundary line of said Section Township 8, North, Range 61 "lest of the 6th P. N., con- taining 1.21 acres. 6. BO • • ..- • BO OK 933 ?,LF 3171 • "rF0R2, IT IS ADJUD0RD to be due and there is hereby award- ad to Ulna D. Gray, Charles Richard Johnson and Anna Bell Johnson, owners, the sum of Sixteen and 94/100 Dollars (416.94) 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 Taut boundary line of Section 23, to the :est boundary line of said Section, Township 8 North, Range 61 'lest of the 6th P. N., containing approximately 2.42 acres. T'!'R'"r0RR, IT IS ADJUDG!D to be due and there is hereby award- ed to Arthur U. Accola, owner, and the Federal Land Bank of Wichita, of •"ichita, Rouses, mortgagee, the semi of Sixteen and 94/100 Dollars (0.6.94) co+nponsetion for Parcel 25, being: A strip of land 20 font wide adjeeent and North of the present highway right-of-way, extending testward aoprox- imntely 5280 feet from the Rest boundary line of Section 22, tc t:13 est boundary line of said, 'notion, Township 8 icrth, Urn,e 61 ost of the ith P. :., containing nppnox- RmaLoly 2.42 acres. 'rH!RTp•0R^, IT IS ADJUDOIW to be due and thorn is hereby award- ed to Ole J. Noe, outer, and the Federal Land Bank of is chita, of Wichita, Kansas, mortgagee, the sum of Sixteen and 94/100 Dollars - - - (46.94) eompensntion for Parcel 26, being: A strip of lend 20 feet wide adjacent and North of the present highweer right-of-way, extending ieetward epproxinataly 528O feet from the Rest boundary line of Section 21, to the rest boundary line of said Section, Township 8, North, Range 61 'lest of the 6th P. ;T., containing approximately 2.42 acres. ".' "'R„0Tr, IT IS 'J?JUDTPD to be duo and there is hereby award- ed to Barry 0. Parsons, owner, the sum of Eight and 47/100 'Dollars (18.47)• congstsation for Parcel 27, being: A strip of land 20 feet wide adjacent and North of the present highway right-of-way, extending Westward, approximately 264O feet from the last boundary line of Section 20, to the North and South center line of said Section, Township 8 North, Range 61 :Jest of the 6th P.M., containitg approximately 1.21 acres. 7. ��o BOOK .983 PACE 3Q t OIC: XI' IS ADTJOC 9 to 'ha due and t xnin I:3'it _ , 1 ro ..nru.n,, award- ed to A. "". Peppier, owner, Mal sun of 'sight and 47/100 Dollars (''3.47) oo� for 1naoation :arc-1 23, L•ning, A strip of lanai 20 fet oido ndjacont and North of tho pr)aont hichway ridxt-of-nay, ortendinc westward approx- imately 2640 feet from the North rnd South center lino of Tnotton.20, to the -est bounidary.lino of acid )'notion, Township Ci North, Range 61 '.:oat of the 6th 1•. fl., cons tntning opt oadnately 1.21 saran. ,, r',,'_v0r-1, .c. TS Anse)C,, ',,0 WC run end thorn is hereby award- . ed to Thoruca rnttiLraw, ocrtnr, and C. ".. DOW, nortaacoo, the sun of c:ixroen and 94/100 Dollars (.;16.0fc ) ct::ia:ttutat:ton, cud bhp lurthar stn of Thirty-five x'o:llnrs ($'35.00) an c]nr i -c, for rrrc:l 20, :"ein,ts • evrip of land 20 font aide adjacent end forth of the present :lighway :'ight-of-way, (moodily, 70stwa_•d cp_pro.:- 1irately 5200 feat iron tidy ;last boundary lino of Section 19, to the :;eat boundary lino o:+ a::10 Croatian, x'ownship S :forth, ,3en;;a Ol eat of the with c. :., containins anprw:- imately 2.42 aorAtio T:1ir'1Er!)'; '. ':^ <',Tf,"'1) to :n duo .cud t:mnrn in nut:cl- od to North* 0. Andrews, o::i)r, t:n 0. 11. i;rafl )lortjyac)a, the ants of eight ^;'1 7/100 ])ollc:rd ((6.47) eommensation for 'avant 30, bnindt A s ,rtp of land ?0 foot wide adjacent and South of the prnsant '±iFlnnay r= nt-of-nay, extending 7n:2twsrd a in'cx- Imnt,:ly 2040 font from the ':ast .5oundary lino of :'action 25, to the :forth aid routh cantor line of said 'action, Township 0 North, `tsntto 31 teat of the 6th P. M., con- toinint nrprosinactelyy 1.21 aci'na. ✓ :, tT I5 .s: rnyry) to xi dna and th ra is ivrroby are::^d- .ad Co .;at'•ton Your!, o:rn.:r, end;: t?nton control Lire Tnst'snoo Con_;nay, uo:• c_a :eo, L•=.@ nun of iwIn'cy-five xnd 41/100 i'ollara (G25.41) compensation for Psrc,al 31, bolus' A strip of land 20 font wide adjacent and South of the present hiryhnay rtgtxt-of-ray, extending tentward approx- lmatolyt 7920 feet e tfrom tho bbNcorth and 11Southoo center lin�es fofCaetitio 3ofitth: :i iSae�i ::b�tilnatnfP;e.�ci:!ooa3-i. taining approximately :5.64 n4c. 8. ay • • • • • eau .983 PAC• 3� • • • TR7Ry?FOR1?, IT IS ADJUDGED to be duo and there Is hereby award- .ed. to Charles B. Parsons and Henry R. Parsons, owners, the sum of • Fight and 47/100 Dollars (u8.47) compensation for Parcel 32, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending westward approx- imately 2610 feet from the 72st boundary line of Section 27, to the Aorth and South center line of said Section, Township 8 North, Range 61 Aost of the 6th P. '' ., contain- ing approximately 1.21 acres. T10.RBFON7, IT IS ADJUD('PZ to be due and there is hereby award- ed to William C. 8cir.ieeckle, owner, the sum of Eight and 47/100 Dollars (08.47) compensation for Parcel 33, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending '.';estward apnrox- imately 2640 feet from the ?forth and South center line of Section 27, to the West boundary line of said Section, Township 'Tight North, Range 61 ':est of the 6th P. c±., containing approximately 1.21 acres. TIER TOR-, IT IS '.DJLD„'D to be due and there is hereby award- ed to Joseph '.atici.ns, owner, the sum of Eight and 47/].00 Dollars • ( 8.47) • compensation for Parcel 34, being: A strip of land 20 feet Bride adjacent and South of the present highway right-of-wad, extending '.:ostward approx- imately 2640 feet from the ; st boundary lino of Section 28 to the North and South cantor line of said Section, Township 8 North, Ran;-e 61 "lost of the 6th P. ii., contain- ing approximately 1.21 acres. T:1^R FO'.''',- I'T IS ADJUPGRM to bo duo and there is hereby award- ed to Harry 0. Parsons, owner, tha arm of Twenty-fine and 41/100 . rollers M5.41), compensation, and the further sum of One Hundred Dollars (,100.00) as damage, for Parcel 35, being: A strip of land 20 feet wide adjacent and South of the present highway right-of-way, extending ':festward epynrox- imately 7920 feet from the North and South center line of Section 28, to the Yost boundary line of Section 29, Township 8 North, Range 61 Nest of the 6th P. U., con- e taining approximately 3..64 acres. 9. • BOOK 983 mg 49 '2w i ?PORJi, IT IS ADJUDGED,to be due and there is hereby award- ed to Thomas Pettigrew, owner, the sum of Sixteen and 94/100 Dollars ($16.94) • compensation for Parcel 36, being! • • A strip of land 20 feet vide adjacent and South of the present highway right-of-way, extending Westward approx- imately'5280 feet from the East :;oundary line of Section 30 to the 'lest boundary line of said Section, Township 8 North, Range 61 West of the Gth P. ::., contain approximately 2.42 acreso TTr?7 07 , TT I3 ASjUDG. ) to be duo .and there is hereby award- ed to Harold ';. Mood, owner, the sun of Sixteen and 94/100 Dollars • (O19.94) compensation for Parcel. 37, being; • A strip of land 20 feet wide. adjacent and North of the present highwa right-of-ray, extending lestaard approx- imately 1280 feet from the That ::oundaary line of 3eetion 24, to the 'nest boundary line of said Section, To:nahip 8 North, Range 62, west of tits Gth P. M., containing 2.42' acres. • • ThE IOi '., ['2 Is ADJU :1 ) to Ac. due .And there is hereby award- ed to 'ivelina '€. 7:isnor, owner, the sum of Light cued 47/100 Dollars ()8.47) comnans.'tion for Parcel 30, being: A strip of land 20 feet vide adjacent and North of the present highway right-of-way, extending 1estward approx- imately 2640 feet from the ? ast boundary line of Section • 25, to the North and South center line of said Section Township 3, North, Range G2, frost of the Gth P. li., con- taining 1.21 acres. r? T: .DJ1IDGT?D to be due and thorn is herb ; award- ed to Henry Spangler, owner, and W. 7. Spangler, claimant, the sum of 'Sight :-nd 47/100 Dollars - - (4;8,47) ,ccrcpensetion for Parcel 39, 'king: • A strip of land 20 feet vide adjacent and North of the present highway right-of-way, wending Westward apprex- imately 6240 feet from the £+orth and South center line of Section 23 to the ':'oat boundary line of said Section, Township 8 North, Range 62 West of the Gth V. ';., and • containing 1.21 acres. • • T'.7071"0f?, IT IS P.D.TUDO?ID to be due and there is hereby award- ed to Aaron J. Cann, owner, the sun of Sixteen and 94/100 • 10. • • a7vt7 PAS 41 • Dollars . (016.04) corpsnsation for' Pnrosl 40, }wing: • • ': strap of land 20 foot snide adjacent and Worth of the prosoat Zlighwa,; ri Jit- 'f-tray extowling :!nstvard :3280 . foot from the rust boundary line of 600tion 22, to the ;oat boundary line of paid 3oction, Township 3 North, ?lingo •tB :sot-of WTI 6th ?a M., containing npproziruteig 2.44 ror:aa. TN-7: 7 (%% , T IC ADJUBCP2) to bo dun and t'.i:tra it 12.lr.,b oward- ad to tloor$rt f,. Crest,• o in', and I,a_id '_enk Cocnissioner of ":ichita, Kansas, nortsnE,;oo, tho ono of 7itit ^nd 47/100 7:11arc - - (:.9.47) oc^.npensetion 1'.>.r• P.^.rcol 41, being: strip of land 20•3arst aide ndjn,;ont ?.c,% south of the pracont ' t1ay right-of-uay, zcvtn:iine '"estnatd c:pprnx- 1.intalJ 2u}0 feat from t'tr. fast '7ou:uler;: line of. ' ;t,tt n 2$, to t,)..; north nand South car:tcr lino of alai. 8uot_on, Towngt.i_1 ';prh•t, !!ate 02 -not; of Gtih . ..., con- totnin: ,:iixso.;a:,ntel? 1.21 cops. L 3`".if"ror', r ,.',rfllVam to ti'., :1no nM . _•:rn is ..`r,b7 Evora- od to fornnliun •. Conn ', own';r, tho nuna of Nicht and 47/100 Dollf,r� ( ''?.417) cornypnsntim^ o n1 42, nine: • stria r.2 lend 26 r9 t 'tills dja3e'l.t ..,..c1 C;auth of t;'b :•;,s.ort " ;'^:env fl 't-of-iay, extandO g, '.3atwnr.d 2640 ' tO 'r,:,tb cent;cr line of "^^_'Leon a.2ndr_t r v,yE:n t',�• :'.;a',; •, ?;':.no or n i ' .^•^ati.cn^ ::`c=.ar_s:',ip 2 t!orti , " - _'{i ii?, .:it :,f t-!!n _h 2. ., au[:o-.ini`.r: It_D.rozi:st 1;; 1.21 ;i C:--ra. . ... _'.,, Pf Tn .•J':n..;ITO_ to be w..a snd t,_nie is :smelt/ award- ed to vil1LIt'd ::utters, onnar. , turd a:ttio J. Osgood, nortm!.0a a the nun ot flzton':] :':n'! 04/1•-^O .011,,1741 AG. • omnpeasatiac: :"ox+ •'eso:1 43, being: • ? strt.p cf loud 20 f o rt •aido nd j;rant u::d :loath tf tho • proncat '1.-1.1way rielt-cf-msy, oxt-,•^.mime, '^ot al,d c:oprcx- inately 5230 ;oat from th* xast boUndnrr lino of Zaet'.ton 26, to th That boundasr; lino of said :fraction, i:otzh'ip. 8 North, R.enrn 02 Test o:' 12:0 3t:h ' . 7., contnininz P.42 sores. TR+7n' r cr`t, iT 1:i 11.111171T37) to be due and t1Mra Is hoveF;f nanrd- ed to William C. `toady ocher, end sri;'6ndalo :,tato Bonk, nor ga; so, tho actin of .:?ac., :n cl.rl 34/100 Dollars (1,16.94, • compensation for Pared 44, being: 11.._ ati_ 44'x' A strip of land 20 foot wide adjacent and South of the present highway right-o,-way, extending Westward approx- . imately 5280 feet from the East boundary line of Section 27, to the West boundary line of said Section, Township - 8 North, Rango 62 :lest of the 6th P. M., containing approximately 2.42 acres. IT IS FURTR°H 0RDFTED, ADJUDGED AND DECREED that petitioner is entitled to take for the widening of the present highway oach and ovary tract or parcel of land hereinbofore da,.wribod and that Weld County shall hereby bo:omo eoizad in fee thereof and entitled to the possession thereof and to hold and use the same for the pur- pose of a phblic highway and in discharged from any and all claim for any aemages by reason or any matter specified in said petition and this Ruling. • Done in open Court tA.s///*day of Sopto,:her, 1935. By the Coast:. • Judge • 12. MK 983 7.GF d • CERTIFICATE OF COPY—The Tribnae-Renublkan Publishing Co..Greeley, Cala STATE OF COLORADO) If as. County of Weld 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 COLUISSION RS OF WELD COUNTY, COLORADO, Plaintiff versus ARVADA 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. .� �.IS'lltr . , IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed my official at my office in Greeley in said County and State,this 17th day of �egtember --.A. D. 1.935 Clerk is f•ic Cou t,Welt. :linty oondp h a I) Deputy. IR IRONHORSE RESOURCES, LLC June 4, 2014 RECEIVED J 1111 U .) &.ill 24 Karla Ford WELD COUNTY Deputy Clerk to the Board COMMISSIONERS 1150 O St./P.O. Box 758 Greeley, CO 80632 RE: Small Tract Leases Dear Ms. Ford, Please find enclosed 6 small tract leases and bonus payments at the Board's new terms, 18.50% royalty and bonus consideration of$1200/acre. Please feel free to contact me with any questions regarding this matter. Sincerely, Will Smith Ironhorse Resources, LLC 3773 Cherry Creek North Drive,Suite 575 Denver, CO 80209 Phone: (303) 818-2045 Email: Will@IHRESLLC.com 3773 CHERRY CREEK NORTH DRIVE •SUITE 575 • DENVER.CO 80209 • 303-228-3712 • Karla Ford From: will@ihresllc.com Sent: Monday,May 05,2014 3:56 PM To: Karla Ford; Lucy Smith Subject: RE: Revised Small Tract Lease Terms-Ironhorse Karla- Yes, we will wait for the revised small tract leases. Thanks for your help on this! Will Smith Ironhorse Resources, LLC 3773 Cherry Creek North Drive, Suite 575 Denver, CO 80209 Phone: (303) 818-2045 Email: Will@IHRESLLC.com Original Message Subject: Revised Small Tract Lease Terms - Ironhorse From: Karla Ford <kford@co.weld.co.us> Date: Mon, May 05, 2014 2:51 pm To: Lucy Smith <lucysmith789@gmail.com>, "will@ihresllc.com" <will@ihresllc.com> Cc: Karla Ford <kford@co.weld.co.us> Just following up to see if you wanted to wait for the revised small tract or move forward on the current ones you send us. Please advise by Wednesday morning as I will then be out of the office until May 19th. Thank you. Karla Ford R Deputy Clerk to the Board 1150 O Street/P.O. Box 758 Greeley, CO 80632 tel: (970)336-7215 X4228 i 74 r -- Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. From: Esther Gesick Sent: Thursday, May 01, 2014 4:33 PM To: will@ihresllc.com Cc: Karla Ford; Esther Gesick Subject: Revised Small Tract Lease Terms 1 Hi Will, As previously discussed, there is a pending Ordinance concerning Weld County Small Tract Oil and Gas Leases that will affect your clients. The Weld County Commissioners are considering updating the Weld County Code Mineral Leasing Policy to change the terms of Small Tract Oil and Gas Leases as follows: Bonus $1,200 per mineral acre 18.5% Royalties Lease will be paid up and no rentals If you are agreeable to these new terms and would like to process your currently pending leases accordingly, just let us know and we will send you the new lease form following approval of the First Reading of the pending Ordinance (to be considered Wednesday, May 7, 2014). Thank you, Esther E. Gesick Clerk to the Board 1150 O Street I P.O. Box 758 I Greeley, CO 80632 tel: (970) 336-7215 X4226 ;y 'i it 24,, Fr Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged, confidential or otherwise protected from disclosure. If you have received this communication in error, please immediately notify sender by return e-mail and destroy the communication. Any disclosure, copying, distribution or the taking of any action concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited. 2 Esther Gesick From: Esther Gesick Sent: Thursday, May 01, 2014 4:33 PM To: will@ihresllc.com Cc: Karla Ford; Esther Gesick Subject: Revised Small Tract Lease Terms Hi Will, As previously discussed,there is a pending Ordinance concerning Weld County Small Tract Oil and Gas Leases that will affect your clients. The Weld County Commissioners are considering updating the Weld County Code Mineral Leasing Policy to change the terms of Small Tract Oil and Gas Leases as follows: Bonus$1,200 per mineral acre 18.5% Royalties Lease will be paid up and no rentals If you are agreeable to these new terms and would like to process your currently pending leases accordingly,just let us know and we will send you the new lease form following approval of the First Reading of the pending Ordinance(to be considered Wednesday, May 7, 2014). Thank you, - V 6/5//! A q Esther E. Gesick nI! Clerk to the Board _ 1.n 43 p., . �ni file 1150 O Street P.O. Box 7581 Greeley, CO 80632 L] tel: (970)336-7215 X4226 fint a ' (p w a -tracts it Confidentiality Notice:This electronic transmission and any attached documents or other writings and may contain information that is privileged,confidential or otherwise protected from disclosur 'yf -t- f- — �/.. ad,otlivas, immediately notify sender by return e-mail and destroy the communication.Any disclosure,copyi l-• s of this communication or any attachments by anyone other than the named recipient is strictly pr hja..3 -1 44.12_ , - . 1 IR IRONHORSE RESOURCES, LLC RECEIVED APR 10 2014 April 9, 2014 WELD COUNTY COMMISSIONERS Karla Ford Deputy Clerk to the Board 1150 O Street/P.O. Box 758 Greeley, CO 80632 RE: Small Tract Leases Township 8 North, Range 60 West, 6th P.M. Section 22: See Enclosed Leases for Complete Legal Description Section 23: See Enclosed Leases for Complete Legal Description Section 25: See Enclosed Leases for Complete Legal Description Dear Ms. Ford, Please find enclosed six Small-Tract Oil and Gas Leases for the Board of County Commissioners'agenda, signed and notarized. Bonus consideration for each lease is also enclosed by separate check for each lease.Vesting documentation was already communicated to you, please let me know if you need any additional documentation. Please feel free to contact me with any questions regarding this matter. Sincerely, Will Smith Ironhorse Resources, LLC 3773 Cherry Creek North Drive,Suite 575 Denver, CO 80209 Phone: (303) 818-2045 Email: Will@IHRESLLC.com 3773 CHERRY CREEK NORTH DRIVE • SUITE 575 •DENVER.CO 80209 •303-228-3712 Karla Ford From: Lucy Smith[lucysmith789@gmail.com] Sent: Tuesday,April 08,2014 10:37 AM To: Karla Ford Cc: Esther Gesick;will@ihresllc.com Subject: Re:Weld County Small Tract Lease Information-Iron Horse Attachments: WeldCo Lease_23-8-60 E Boundary Line.pdf;WeldCo Lease_23-8-60 W Boundary Line.pdf;WeldCo Lease_22-8-60 W Boundary Line.pdf;WeldCo Lease_22-8-60 E Boundary Line.pdf; Final Ruling of Court.pdf Hi Karla, I am emailing you regarding the Small Tract Leases in Sections 22 and 23 of 8N 60W which you discussed with Will Smith at Ironhorse Resources. We would like to go ahead and process the attached leases. Per your request I have also attached a "Final Ruling of Court" (Reception Number: 721497) as evidence that Weld County is the owner of said tracts. Unless you need any more information from me, I will go ahead and mail the signed leases along with the bonus check of$2,904 for 4.84 acres. Please sign and mail back to: Ironhorse Resources, LLC 3773 Cherry Creek North Drive, Suite 575 Denver, CO 80209 Let me know if you need any more information. Thanks, Lucy Smith Ironhorse Resources, LLC (720) 273-5205 On Mon, Apr 7, 2014 at 9:57 AM, <will@ihresllc.com>wrote: Will Smith Ironhorse Resources,LLC 3773 Cherry Creek North Drive,Suite 575 Denver,CO 80209 O.:303.228.3712 D:303.228.3715 C:303.818.2045 E: Wil[la�ihresl[c.com Original Message Subject: Weld County Small Tract Lease Information - Iron Horse i From: "Karla Ford" <kford@co.weld.co.us> Date: 3/25/14 4:42 pm j To: "willna ihresllc.com" <will@ihresllc.com> 1 Cc: "Karla Ford" <kford@co.weld.co.us>, "Esther Gesick" <cgesick@co.weld.co.us> 1 Mr. Smith: Thank you for your inquiry to lease our mineral interests. We are in need of more information to process this request. Please submit the following: *Title Opinion, or such, showing that Weld County owns the mineral interests. *The attached lease agreement signed and notarized. You will need to complete the acres, amounts, legal description, etc. *Check made payable to Weld County—it is $600.00 per acre. (Small Tract— you would take the acres x $600 to get the correct amount. Example .287 acres x $600 = $172.20). Please let me know if you have any other questions! Karla Ford X Deputy Clerk to the Board 1150 O Street/P.O. Box 758 Greeley, CO 80632 tel: [970)336-7215 X4228 err V • Confidentiality Notice: This electronic transmission and any attached documents or other writings are intended only for the person or entity to which it is addressed and may contain information that is privileged,confidential or otherwise protected from disclosure./f you have received this communication in 1 error,please immediately not fy sender by return e-mail and destroy the communication.Any disclosure,copying,distribution or the taking of any action 1 concerning the contents of this communication or any attachments by anyone other than the named recipient is strictly prohibited 2 Hello