ASSIGNMENT OF OVERRIDING ROYALTY INTERESTS
STATE OF
TEXAS
COUNTY OF
XXXXXXX
Xxxxxx
Oil Partners LP
is a
Texas limited partnership authorized to do and doing business in the State
of
Texas with an address at 000 Xxxxx Xxxxxx Xxxxx, Xxxxxxxx, Xxxxx, 00000
(“Assignor”). Assignor has oil, gas and mineral leases in Xxxxxxx County, Texas,
described on the attached Exhibit A (the “Leases”). In consideration of one
hundred dollars and other valuable consideration paid to Assignor by the
Assignee named below, the receipt and sufficiency of which Assignor
acknowledges, and subject to the following terms and conditions, Assignor hereby
transfers,
assigns and conveys
to
Assignee an overriding royalty interest equal to 2.000000%
of all
oil, gas and other minerals produced and saved for the benefit of Assignor
pursuant to the Leases (the “Royalty”). Exhibit A is part of this assignment.
Assignee:
Florida
Energy I, Inc.,
101
N.E. Xxxxxx Terrace, Port St. Lucie, Florida 34983
The
Royalty is subject to the following provisions:
| a) |
The
Royalty is subject only to the deduction of the same expenses that
can be
deducted from royalty paid under the Leases and is subject to payment
of
the same expenses required to be paid by any person receiving payment
of
royalty under the terms of the
Leases.
|
| b) |
Assignee
has no right to pool the Royalty. Assignor or its successor retains
the
right to pool the Royalty pursuant to the pooling authority granted
to
Assignor under the terms of the Leases.
|
This
assignment enures to the benefit of the Assignee and its assigns forever,
subject to the foregoing terms and conditions and to the terms, covenants and
provisions of the Leases.
Assignor
assigns the Royalty without any warranty of title, express or implied, but
with
full subrogation in all of Assignor’s rights and actions in
warranty.
This
assignment was signed on October 4, 2002.
| Witness: | Xxxxxx Oil Partners LP | |
| /s/ Xxxxx Xxxxxxx |
/s/ Xxxxxxx X. Xxxxxx
|
|
|
Xxxxx Xxxxxxx
|
By: Xxxxxxx X. Xxxxxx President
of its General Partner,
Xxxxxx
Oil Operating Co. LLC
|
Xxxxxxx
X. Xxxxxx, President of Xxxxxx Oil Operating Co. LLC, is known to me to be
the
person who signed the foregoing assignment. He appeared before me today and
acknowledged to me that he executed the assignment with the authority and
approval of the limited partnership’s operating agreement for the purpose and
consideration stated, and as the free act of the limited
partnership.
Given
under my hand and seal on October 4, 2002.
| /s/ Xxxx Xxxxxxxxx | ||
|
Notary
Public
|
||
[Seal]
Exhibit
A
Leases
subject to
Dated
September 16, 2002
Xxxxxxx
County, Texas
|
Recorded
in the Official Public Records
of
Xxxxxxx County, Texas
|
||||||||||
|
Date
|
Lessor
|
Lessee
|
File
Number
|
Volume
|
Pages
|
|||||
|
2/1/2002
|
The
Xxxxx Company et al
|
Nathan
Oil Partners LP
|
020837
|
000
|
000-000
|
|||||
|
2/1/2002
|
The
Xxxxx Company et al
|
Nathan
Oil Partners LP
|
020838
|
000
|
000-000
|
|||||
|
2/4/2002
|
Xxxxx
X. Driver
|
Xxxxxx
Oil Partners LP
|
020839
|
000
|
000-000
|
|||||
|
2/8/2002
|
Xxx
Xxxxxxx Xxxxx
|
Xxxxxx
Oil Partners LP
|
020840
|
000
|
000-000
|
|||||
|
2/8/2002
|
Xxxxxxx
Xxxxxxx
|
Xxxxxx
Oil Partners LP
|
020841
|
000
|
000-000
|
|||||
|
2/8/2002
|
Xxxxx
Xxxxxx
|
Xxxxxx
Oil Partners LP
|
020842
|
000
|
000-000
|
|||||
|
2/8/2002
|
Xxxxxxx
Xxxxxxx
|
Xxxxxx
Oil Partners LP
|
020843
|
000
|
000-000
|
|||||
|
2/6/2002
|
Xxxx
Xxxxxx Xxxxxxx, Xx.
|
Xxxxxx
Oil Partners LP
|
020844
|
000
|
000-000
|
|||||
|
2/6/2002
|
Xxxxxx
X. Xxxxxxx
|
Xxxxxx
Oil Partners LP
|
020845
|
000
|
000-000
|
|||||
