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HomeMy WebLinkAbout20143653.tiff \\1/4)c) 4027777 07/02/;- 408:12 AM Total Pages: 38 Rec Fee: $196.00 Steve Moreno - Clerk and Recorder, Weld County, CO ASSIGNMENT AND BILL OF SALE THIS ASSIGNMENT AND BILL OF SALE (this "Assignment"), is made and delivered on this 1st day of July, 2014(the"Closing Date"), but effective for all purposes as of 7:00 a.m. Rocky Mountain Daylight Saving Time on December 1, 2013 (the "Effective Time"), by and from Whitewing Resources, LLC and the Estate of H.L.Willett(collectively, "Assignor"),whose address is 518 17th Street, Suite 250, Denver, Colorado 80202 and Flight Resources, LLC, a Colorado limited liability company ("Assignee"), whose address is 1801 Broadway, Suite 500, Denver, Colorado 80202. For the consideration provided in that certain Purchase and Sale Agreement between Assignor and Assignee, dated March 20, 2014 (the "PSA"), including, without limitation, the allocations, assumptions, undertakings, indemnities, and obligations made therein, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Assignor hereby SELLS, CONVEYS, ASSIGNS, TRANSFERS, AND DELIVERS unto Assignee all of Assignor's right, title, and interest in and to the following properties (collectively, such interests in items(a)though (j), hereinafter referred to as the"Properties"): (a) Leases. The oil,gas and mineral leases, as described in Exhibit B attached hereto and made a part hereof, including Assignor's operating rights, working interests, and net revenue interests in said leases,whether producing or non-producing (the"Leases"); (b) Wells. The producing, non-producing and shut-in oil and gas wells, including the working interests and net revenue interests in said wells, and salt water disposal wells, and injection wells, located on the Leases or lands pooled and/or unitized therewith, as described on Exhibit A(the"Wells"); (c) Equipment. All tangible personal property, equipment, fixtures, facilities, and improvements located on the lands covered by the Leases or on lands pooled and/or unitized therewith and owned for the production, treating, storing, transportation, or marketing of oil, gas, and other Hydrocarbons from the Leases, including,without limitation,well heads, casing,tubing, tanks, pumps, compressors, boilers, separators, and other appurtenances("Equipment"); (d) Pooling and Unitization Agreements. All presently existing unitization, pooling and/or communitization agreements, declarations or designations and statutorily, judicially or administratively created drilling, spacing and/or production units, whether recorded or unrecorded, insofar as the same are attributable or allocated to the Leases, and all of the Properties covered or units created thereby insofar as the Leases are committed thereto and/or governed thereby; (e) Contracts. All presently existing and valid Contracts and any other contracts, agreements, and instruments insofar as the agreements mentioned in this item (e) cover or are attributable to or relate to the Leases, or any interests pooled or unitized therewith. "Material Contracts" mean those contracts which have a material economic impact on the ownership or operation of the Properties; (f) Permits. All environmental and other governmental (whether federal, state, tribal or local) permits, licenses, orders, or authorizations, franchises and related instruments or rights relating to the ownership, operation or use of the interests, Wells, Equipment, Hydrocarbons, Easements and Surface Agreements (collectively, the"Permits"); \\DE-041216/000007-711516 vl 1 2014-3653 LE0a2A - I 4027777 07/02/2014 08:12 AM Page 2 of 38 (g) Hydrocarbons. The oil, gas, and other hydrocarbons (including natural gas, casinghead gas, drip gasoline, natural gasoline, natural gas liquids, condensate, crude oil, and other hydrocarbons, whether gaseous or liquid) produced or severed on or after the Effective Time from, and which are attributable to, the Leases (the "Hydrocarbons"); (h) Easements. All easements, permits, licenses, servitudes, rights of way, surface use agreements, and all other rights and appurtenances situated on or used in connection with the Leases (Easements"); and (i) Records. Originals of all lease records, well records, and division order records; well files, title records(including abstracts of title, title opinions and memoranda, and title curative documents related to the Leases) to the extent any of same are in the possession of Assignor, including, but not limited to, lease files, land files, well files, division order files, abstracts,title files, and other similar information (collectively, the "Records"). (j) Omissions and Errors. Subject to the reservations and conditions herein contained, including subsection (k), below, the Properties are intended to include, all of Assignor's right, title, and interest, effective from and after the Effective Time, in and to the Properties, regardless of the omission of any Lease, Well or other property, errors in description, any incorrect or misspelled names or any transcribed or incorrect recording references, and that the Parties will take all such actions as are reasonably necessary to effect such sale, transfer and conveyance at the time of Closing. (k) Excluded Assets. Notwithstanding the foregoing or anything in this Assignment to the contrary, the Properties shall not include, and there is excepted, reserved and excluded from the purchase and sale under the PSA and this Assignment all royalties and overriding royalty interest in the Wells, Leases and other portions of the Properties. In the event a royalty or overriding royalty is included in the calculation or determination of a "net revenue interest" under any Lease or Well, a is the intent of the Assignor and Assignee to exclude such royalty or overriding royalty from Assignor's interest. TO HAVE AND TO HOLD forever all and singular the Properties together with all rights, titles, interests, estates, remedies, powers, and privileges thereunto appertaining unto Assignee and Assignee's successors and assigns, subject however to the terms and conditions of this Assignment. Assignor hereby agrees to warrant and defend all and singular title to the Properties unto Assignee and Assignee's successors and assigns free and clear of all liens, encumbrances, judgments of every person whomsoever lawfully claiming by, through or under Assignor, but not otherwise. For the consideration stated above, Assignor and Assignee agree as follows: (i) This Assignment is being delivered in connection with and is made expressly subject to all of the terms, conditions, and provisions of the PSA. Capitalized terms not defined herein shall have the meaning set forth in the PSA. The PSA shall survive the execution and delivery of this Assignment in accordance with its terms and provisions, and such terms and provisions shall not be merged herein. In the event of any inconsistency or conflict between any term or provision of this Assignment and any term or provision of the PSA, the term or provision of the PSA shall control. c,DE-041➢x000007-7!ICI vl 2 4027777 07/02/2014 08:12 AM Page 3 of 38 (ii) In addition to this Assignment,Assignor shall execute,acknowledge,and deliver to Assignee, in a timely manner and without further consideration, any documents or instruments that Assignee may reasonably require in order to more fully and effectively carry out the intent hereof or of the PSA, including, without limitation, further assignments or conveyances required by any state or federal authority, deeds, and consents to further evidence the assignment and conveyance of the Properties by Assignor to Assignee. (iii) This Assignment may be executed in several original counterparts, all of which are identical except that to facilitate filing and recording, counterparts may be filed and recorded,with the Exhibit B for each such counterpart Assignment including only the Leases within such county. Every counterpart of this Assignment shall be deemed to be an original for all purposes, and all such counterparts together shall constitute one and the same instrument. (iv) Assignor and Assignee may execute separate governmental forms of assignment • of the Properties on officially approved forms to satisfy applicable statutory and regulatory requirements. Those forms shall be deemed to contain all of the exceptions, reservations, warranties, rights, and privileges set forth herein, as if they were set forth in each such assignment. IN WITNESS WHEREOF,the undersigned have caused this instrument to be executed by its duly authorized undersigned officer, effective for all purposes as of the Effective Time. Assignor: Assignee: Whitewing Resources, LLC by the Estate of H.L. Willett, its Flight Resources, LLC Sole Manager By: Bya7d nn ,,/��/S Title: BoO Ryan Wifiett, Jr., Co-Personal Representative v of The Estate of Harry L. Willett By: `� Gee ( Louise W. Curtis, Co-Personal Representative of The Estate of Harry L. Willett The Estate of Harry L. Willett��// �/ By:t /�� 7/.i/�f/v Boy yan Will Jr., Co-Personal Representative of The Estate of Harry L. Willett By: Louise W. Curtis, Co-Personal Representative of The Estate of Harry L. Will L. Willett !ADE-041216/000O99.711516v! 3 4027777 07/02/2014 08:12 AM Page 4 of 38 (ii) In addition to this Assignment, Assignor shall execute,acknowledge, and deliver to Assignee, in a timely manner and without further consideration, any documents or instruments that Assignee may reasonably require in order to more fully and effectively carry out the intent hereof or of the PSA, including, without limitation, further assignments or conveyances required by any state or federal authority, deeds, and consents to further evidence the assignment and conveyance of the Properties by Assignor to Assignee. (iii) This Assignment may be executed in several original counterparts, all of which are identical except that to facilitate filing and recording, counterparts may be filed and recorded, with the Exhibit B for each such counterpart Assignment including only the Leases within such county. Every counterpart of this Assignment shall be deemed to be an original for all purposes, and all such counterparts together shall constitute one and the same instrument. (iv) Assignor and Assignee may execute separate governmental forms of assignment of the Properties on officially approved forms to satisfy applicable statutory and regulatory requirements. Those forms shall be deemed to contain all of the exceptions, reservations, warranties, rights, and privileges set forth herein, as if they were set forth in each such assignment. IN WITNESS WHEREOF,the undersigned have caused this instrument to be executed by its duly authorized undersigned officer, effective for all purposes as of the Effective Time. Assignor: Assignee: Whitewing Resources, LLC by the Estate of H.L. Willett, its Flight Resources, LLC Sole Manager By: Titl nr^ppNp REVAC By: br��GG����'RCJygI n[,q ri, Boyd Ryan Willett, Jr., Co-Personal VAHAN R Representative of The Estate of Harry L. Willett By: Louise W. Curtis, Co-Personal Representative of The Estate of Harry L. Willett The Estate of Harry L. Willett By: Boyd Ryan Willett, Jr., Co-Personal Representative of The Estate of Harry L. Willett By: Louise W. Curtis, Co-Personal Representative of The Estate of Harry L. Will L. Willett ,1DL-- <I?I6N00O7-1 I I5[6..! 3 4027777 07/02/2014 08:12 AM Page 5 of 38 ACKNOWLEDGEMENTS STATE OF Cobrciob ) temp COUNTY OF Lgllp ) This instrument was signed and acknowledged before me on this 1 day of July, 2014, by Boyd Ryan Willett, Jr., in his capacity as Co-Personal Representative of The Estate of Harry L. Willett and in his capacity as the Co-Personal Representative of The Estate of Harry L. Willett, the sole manager of Whitewing Resources, LLC, a Colorado limited liability company,for and on behalf of the Estate an. `.% pany. —1,01\ E./74'‘‘‘ /7,S6fAii .6e III A • 4 (Seal) i $ / 2 i Nota ublic s • ir • My Commission xpires: if tf+•••�p G�/Of Commission# tt,gT . UB1...62,-, J t�FOpCOLO_' STATE OF_ /k6oiuiiilll El lr8s 0222/2018 HAAS )ss: COUNTY OF ) This instrument was signed and acknowledged before me on this 1 day of July, 2014, by Louis W. Curtis, in her capacity as Co-Personal Representative of The Estate of Harry L. Willett and in his capacity as the Co-Personal Representative of The Estate of Harry L.Willett, the sole manager of Whitewing Resources, LLC,a Colorado limited liability company,for and on behalf of the Estate and such company. ^�7 , C ERRYN GAGENotary ,My Commission ExplmsMy Commission Expir �i / 7 M.y 1,2017Commission# 1,-910 STATE OF ) )ss: COUNTY OF ) This instrument was signed and acknowledged before me on this _ day of , 2014, by of Flight Resources, LLC, a Colorado limited liability company, for and on behalf of such company. (Seal) Notary Public My Commission Expires: Commission# ',ADE-64IL!✓WIXp1-711516,1 4 4027777 07/02/2014 08:12 AM Page 6 of 38 ACKNOWLEDGEMENTS STATE OF ) )ss: COUNTY OF ) This instrument was signed and acknowledged before me on this 1 day of July, 2014, by Boyd Ryan Willett, Jr., in his capacity as Co-Personal Representative of The Estate of Harry L. Willett and in his capacity as the Co-Personal Representative of The Estate of Harry L. Willett, the sole manager of Whitewing Resources, LLC, a Colorado limited liability company, for and on behalf of the Estate and such company. (Seal) Notary Public My Commission Expires: Commission # STATE OF ) )ss: COUNTY OF ) This instrument was signed and acknowledged before me on this 1 day of July, 2014, by • Louis W. Curtis, in her capacity as Co-Personal Representative of The Estate of Harry L. Willett and in his capacity as the Co-Personal Representative of The Estate of Harry L. 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